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Ill
.
/^financial
/j
flimratrta
Street R ai lway
SECTION.
PAGES 1495 TO 160S INCLUSIVE.
FOR INDEX OF COMPANIES
See pages 1596
BTWe
to 1600.
have no extra copies of
Ooto"bez? 15,
WILLIAM
B.
this Section.
1904.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
Entered according, «o Act of Congress in the vear 1904, by William B.
NEW
YORK.
Dana Company, in Office of Librarian of Congress, Washington, D. C.
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1907.
Street Railway
SECTION
OP THE
C ommercial
&
F inancial C hronicle.
Entered according to Act of Congress In the year 1904, by William B.
Vol.
NEW
79.
Dana Compact, In
YORK, OCTOBER
and
traffic,
Street Railway Section.
Office of librarian of Congress, "Washington, D.
1904.
15,
a matter of
it is
convenience, have created a
Beotlon Is lssned three times a year and
furnished without extra charge to every annual subscriber of the
The Stbeet Ratlwat
Is
No. 2051.
common knowledge
by virtue of
electric interurban roads,
a
traffic all
this
that the
element of
out of proportion
to that formerly hauled.
The Railway and Industeial Section, issued quarterly, Is also
furnished uithoul extra charge to every subscriber of the Chronicle.
In electrifying the Auburn road and in controlling the
local transportation systems in the cities at either end of
Central has found a way not only to
it, the New York
The State and City Section, issued semi-annually, Is likewise
furnished without extra charge to every subscriber of the Chronicle.
make
COMMERCIAL AND FINANCIAL CHRONICLE.
The Bank and Quotation
Section, issued monthly, is also fur*
nlshed without extra charge to every subscriber of the Chronicle.
Terms for the Chronicle, including the four Seotlons above named,
are Ten Dollars per annum within the United States and Thirteen
the interurban lines,
has rarely,
tors
by
but has added the advantage which
use of these advantages hitherto possessed only
—a
if ever,
really
been possessed by
right of way.
File oovers of the Chronicle are sold at 50 cents each ; postage on
the same is 18 cents. File covers for Sections can be had at same price.
cars through the streets of Eochester
copies of the
Chronicle at
Is. each.
WILLIAM
DANA COMPANY,
B.
made
electrification of the
that the
Central had purchased a controlling
Syracuse Eapid Transit and Utica
lines,
and
it is
will
of speed between termini.
YORK.
TYPE OF ELEGTRIO SERVICE BY
LEADING RAILROADS.
recently
these interurban cars
Publishers,
NEW
Post Office Box, 958.
Announcement was
collect traffic, just as the present
New York
interest
in
the
& Mohawk Valley
now known that the company proposes to
Auburn road, which was the original
and
is
do; then
be assembled into multiple
It will thus be seen
electric service of a type
unlike any at present in existence.
The
great success in
is
this service,
also
to
be
that the
service
performed can
neither be classified as that of an interurban line in the
ordinary sense of the word, nor as an express passenger
line,
but that
it
will
be intermediate between the two.
In the present era of extension of the interurban lines
to a radius of from 20 to 60 miles from the main traffic
center, the matter of speed along the line has been one of
of
an
Connecting with
ultimately to reach entirely across the State.
steam road between Syracuse and Rochester, and conof
to
extended as far as Utica, according to the present plan,
the greatest problems.
means
cars
electric
West Shore Railroad
electrify the old
nect these cities by
and Syracuse
unit trains at the stations, and will be run at a high rate
Pine Street, corner of Pearl Street,
NEW
is to
private
eventually run interurban
Dollars (which Includes postage) in Europe.
London Agents.—Messrs. Edwards & Smith, 1 Drapers' Gardens,
E. C, will take subscriptions and advertisements, and supply single
competi-
road-bed entirely on
first-class
The plan
electric
way
is
tremely
to find
rare on
common
an entire
Generally speaking, private right
American interurban
to find stretches of
it,
line thus provided for.
It is ex-
roads.
but extremely rare
It is obvious that
highway find themselves
their competition with steam railroads has been chiefly placed under limitations as to speed by the many grade
caused by three elements. These are
The cheapness crossings, usually entirely unprotected, and by the frewith which traffic can be moved in small units on electric quent chance that vehicles or stray animals will get on
lines as compared with steam railroads, the consequent their tracks, and by the fact that in accepting the undufrequency of service which it has been possible for the lations and turnings of the highway they are also enelectric roads to give, and the great amount of entirely countering severe grades and sharp curves.
remarknew traffic created by the mere fact that the trolley cars able instance of what can be done under such difficulties
were convenient for the traveler. It is extravagant for is shown in the service of specials between Detroit and
a steam railroad to run single-car trains at short inter- Port Huron, Mich., a distance of 74 miles. These
vals.
locomotive is required for each train, on which specials are run over the lines of the Detroit United
two men must be constantly in attendance, in addition Company, and, according to a recent schedule, two trips
to the car conductor, and stations must be kept open. were made daily in each direction, with only six interThe locomotive burns just about as much coal in hauling vening stops, in 2 hours and 37 minutes. It was pointed
one car as it would in hauling five, while the electric out by the writer of a paper in one of our leading monthcar uses in its motors only as much electricity as it lies last June that the average running time of these
needs.
But the element of convenience is of fully as specials was thus almost the same as that of the accomgreat importance in the discussion, for no matter how modation trains between New York and New Haven, a
recent years that interurban electric roads hare had in
cars running on, or along, the
:
A
A
cheaply trains can be run they are not profitable without
distance
almost identical.
A
similar service between.
STREET RAILWAYS.
1498
Detroit and Flint, 68 miles,
ning time of two hours and a
There
certainly
is
room
is
maintained, with a run-
half.
though
for question as to the public
made by
cars
themselves from the reasons mentioned.
making use of the regular steam
tracks, or,
railroad
the steam pass-
by
rather, of the tracks formerly used
By
New York
of further plans;
long
time had in mind the possibility of maintaining a local
service in the
running on the highway, entirely apart from the danger poses
to the cars
made no announcement
believed, however, that Mr. Mellen has for a
it is
policy of permitting such high speeds to be
has
it
[Vol. lxxix.
to do,
same way
that the
New York
Central pro.
with the salient feature of running the cars
over the steam lines after they have picked up passen-
The
gers in the city streets.
notable success which has
New Haven
attended the experiments which the
road
made with electric traction in Connecticut
this danger and can maintain a maximum speed for the and in Bhode Island will undoubtedly encourage the
entire distance without trouble from defects in grade management to continue its work along these lines.
In
enger and freight service, the
Central avoids
alignment or protection.
has thus far
the
first
year of interrupted electric working, the Provi-
102 miles dence Warren & Bristol electric lines, aggregating about
by the Auburn road; from Utica to Syracuse is 55 35 miles and operated by the New York New Haven &
miles.
There are a number of prosperous little towns Hartford, carried 4,988,314 passengers, in spite of the
The
distance from Syracuse to Rochester
is
along the
Auburn road between the termini, and several
Auburn, Cayuga and Geneva, are of
considerable importance.
These towns can be made
competition of rival trolley lines.
of them, such as
ness
regular stops, and, in addition, they can receive a special
starting at the
more nearly
service of their own, corresponding
to that
could have been increased
How much
this busi-
the cars
had run
if
through the streets of Providence, instead of
locally
Fox Point
terminus, cannot, of course, be
calculated.
maintained by ordinary interurban cars but run on the
Although great attention
is
now being
paid in England
former steam tracks.
In some cases interurban roads to electrification of short-haul suburban passenger lines,
have been able to pick up a great deal of local business nothing has been developed corresponding to this combibetween the cities which they connected, on account of nation local and through type of service to be put into
The electrification of
effect by the New York Central.
main the Lancashire & Yorkshire branch between Liverpool,
streets of the towns; and the sacrifice of speed which Southport and Crossens, corresponds somewhat to the
this entailed has been more than compensated by the new Providence Warren & Bristol line of the New Haven
the same reason which gave
instance
first
:
their popularity in the
A
good illustration of road in its scope and in the results of its operation. Cars
the working of the Eochester & Sodus Bay quite similar to those in use on the New York elevated
business that they picked
this
them
that they ran directly through the
is
electric
which
line,
Ogdensburg
up.
division of the
Borne Watertown
the
parallels
New York
southern shore of Lake Ontario.
&
Central along the
lines
are run between Liverpool and the towns lying
along the Irish Sea for a distance of a
little
over twenty
steam miles, and although the lines have only been worked by
line runs from half to three-quarters of a mile from the electricity for six months the increase in business so far,
centers of the towns along the route.
The electric road in the face of English conservatism, has been something
In
this case the
and provision is made for like 50,000 passengers. The line is well advertised and
taking the passengers' baggage in a compartment on the has many enterprising devices to attract traffic, due
regular passenger cars, so that there need be no charge chiefly to the initiative and energy of its able manager,
for delivery of this baggage to any point in the inter- Mr. J. A. F. Aspinall.
mediate towns. This feature has been of particular
It is singular how little attention has been paid to
advantage to traveling salesmen who desired to make these recent efforts of steam railroads, both in this counstops at each one of half a dozen local points between try and in England, to develop an efficient fast shortEochester and Sodus Bay, and the Borne Watertown & haul electric service which shall be neither as slow as
runs down the main
streets,
Ogdensburg has been quite unable
compete success- that of the interurban lines nor as inconvenient as that
It is perhaps not
fully for the passenger traffic, in spite of the fact that it formerly furnished by the steam lines.
has actually reduced its rates below those of the electric too much to say that if the New York Central and New
The Auburn road is fortunately situated in this York New Haven & Hartford are successful in working
line.
respect, as
runs close
it
every instance, and there
any sporadic future
convenience of
When
its
is
the local centers in almost
apparently
little to
fear from
depending on the
trolley competition
out the problems
now
before them, they will have taken
the longest step forward since that of the early days of
the interurban lines, when it was first demonstrated that
rapid transit could be practically carried on with electric
route to get business.
New Haven
the
to
to
road purchased the street
rail-
power.
New Haven, it placed itself in
where it could accomplish the same
thing in Connecticut. There was undoubtedly another
FREIGHT BUSINESS ON ELECTRIC ROADS.
main reason
traffic
way system
in the city of
a strategic position
for
the
from completing
The Connecticut Bailway
has been constantly adding to
with
it
serves, at least
present, to prevent the Connecticut
Lighting Company
lines.
purchase in that
for this
its lines
its
&
its
Bailway
through parallel
Lighting
list
&
Company
of properties, and
centering at Bridgeport and extending to
It
is
impossible to
give exact figures of the freight
handled by the electric railroads of the country,
for the reason that
the returns from
this
kind of
traffic
are not, as a rule, separated from general gross earnings,
as
they
are with steam
railroads.
The fundamental
function of a street railway or of an interurban line
carry
The
passengers.
freight
business
is
an
is
to
aiter-
South Norwalk, Stamford and up the Housatonic Val- thought, and might be described as being a by-product of
few roads give approximate
ley, it had already become a very formidable competitor the company's property.
for the short-haul business of the steam road, with ex- figures of their freight business, but the results can best
treme likelihood of further aggressions, with New Haven be studied at the present time from a few notable in-
A
as a secondary
base.
Hartford has checked
The
this
New York New Haven &
aggression
for the present,
stances of successful
statement as
to its
freight
tendencies
carrying and by a general
STREET RAILWAYS.
Oct., 1904. J
B. McClary, Manager of the Railway Depart- steam railroad is that the steam railroad has provided
ment of the Birmingham Bailway Light & Power Com- yards and additional track facilities, which enable it to
pany, undertook an investigation of this class of traffic store freight cars and collect them into trains at conveon electric roads, the results of which were printed in a nient hours, while interurban roads almost universally
Mr.
.
1499
J.
one of the most valuable documents in the depend on city streets for their terminals and have a
very limited literature on the subject. The figures he restricted line. Besides this, there is the characteristic
obtained were presented before the American Street difference that trains are much farther apart on the ordiBailway Association in 1903 and printed in its report. nary steam railroad time-tattle than they are on the
paper which
is
Mr. McClary sent out about 500 inquiries for data and schedule of the electric road, with its small-unit method
Of the roads replying, 71 handled of handling business, so that there is not apt to be time
received 182 replies.
both freight and express matter; 45 admitted that it was for freight trains to be moved for any distance between
profitable and stated that they intended to increase their the passenger runs.
replied that
In spite of this there are a number of companies, as
facilities for handling this business; 37
freight traffic was a very attractive feature of electric indicated in Mr. McClary's returns, which haul heavy
railroading; while 9
answered that although they carried freight in
freight, they did not think well of
Thirty-five roads
it.
the
solid trains.
Among
these
may
be mentioned
&
Hudson, which makes use of regular
cars such as are used on steam railroads, and
Albany
used the steam railroad classification of their States or freight
railroad districts ; others had rate sheets of their own, hauls short trains with an electric express car as a loco-
much lower
based upon local conditions, and generally
The Bochester
&
Sodus Bay
mentioned
irthan the steam railroads. Thirty-eight had freight depots elsewhere in this issue as paralleling the Borne Water&t terminals along their line, while 9 had none; 18 town & Ogdensburg along the southern shore of Lake
handled steam railroad freight cars over their lines; 50 Ontario, also uses standard freight cars. The practice
roads had separate freight cars or trains; three had on the Bochester & Sodus Bay line, which purchased a
trailers attached to passenger cars, and 8 handled pack- number of old box cars from the Merchants' Despatch
ages on passenger cars. One hundred and eleven of the line, is similar in many ways to that of the Albany &
roads replying did not handle freight at all, although 17 Hudson, although the severe grades prohibit the use of
i
so.
Of the 71 roads
which carried freight and express matter, 45 were convinced that it was profitable and only 2 stated that it
was unprofitable. Most of the others were in doubt on
the subject, but in five cases they could not answer the
question directly, as they had leased their express facili-
of these believed that they should do
to
ties
companies.
express
local
Thirty-seven
roads
motive.
line,
long trains.
On
neither of these roads, however,
ger service which, from
the
Ann Arbor &
there a passen-
standpoint of interurban
roads, can be considered frequent.
lanti
is
The Detroit Ypsi-
Jackson and the majority of the
interurban lines centering at Cleveland, where a large
and important
freight
and express business
is
handled,
reported the gross earnings from freight and express for run single express cars three or four times daily over
1902 as aggregating over a million dollars.
As showing how street railway managers
their opinions on this important subject,
two
to see that the
Mich.
—the
Ypsilanti
electrie
it
is
each of their
Arbor
&
regular schedule of the passenger cars, except for longer
interesting
waits on spur tracks at terminals and on sidings, where
systems centering in Detroit,
ance in their practice.
Jackson
—are absolutely
The Detroit United
These cars can, of course, make the
in
differ
Detroit United Bailways and the Detroit
Ann
lines.
at vari-
they can,
need be, obtain additional time
if
or unloading.
the Electric
At Cleveland an
organization
Package Company, worked
known
jointly
with Lake Shore Electric, the Cleveland Elyria
lines,
for loading
&
as
by the
Western,
the Cleveland Painesville & Eastern and the ^Northern
Amherstburg, across Ohio traction lines, which cover a suburban territory in
the river in Ontario, earned $3,473,140 gross for the and about Cleveland of almost 400 miles, handles bagyear ending December 31 1902, but paid so little heed gage upon the same conditions as the steam roads, and
to express and light-freight business that the income light matter as the express companies do ; but the express
a total mileage of 514, including the Bapid Bailway Sys-
tem and the Sandwich Windsor
from
this source is
&
lumped with the income received from business includes a large amount of what would
advertising in the cars and amounted in the aggregate to
less
than $29,000 in 1902.
Arbor
year,
&
did
Jackson, on the
a
100 miles of
class freight,
class
The Detroit Ypsilanti Ann milk, etc.
other hand, during the same urban lines
business
freight
about
of
effort
bulky products, such as
for electric
on
carrying a great variety of high-
line,
although no
is
made
to
carry low-
Mr.
J.
D. Hawks,
coal.
President of this company, believes
profit
$50,000
roads in handling
makes the important
that there
is
great
light freight, but
ordi-
narily be classed as freight, such as garden truck, beef,
It is
ties situated
worthy of note, in passing, that
are particularly useful to farming
near
cities, -on
account of the
inter-
communi-
facility
with
which they can collect milk, fresh vegetables and garden
truck from points readily accessible to the farmer, and
deliver them in the city without delays occasioned by
Where, tea
ordinary freight congestion at terminals.
years ago, it was necessary for the market gardener or
the dairyman to drive his products considerable distances
in a farm wagon, it is now possible to make use of the
electric service, with the greatest advantage both to the
must not be allowed to interfere with the passenger business, for which
the road was built; that is to say, that it must always
remain a by-product, and cannot become the principal producer and to the consumer.
source of earnings on an interurban passenger road. He
The Cleveland Electric Package Company has now
considers it doubtful whether electricity is a cheaper been organized five years and a half, and reports a rapid
In the spring of 1903
motive power for handling heavy freight than is a steam and steady increase in traffic.
distinction that
it
22 express cars made round trips each day over the four:
moving freight trains to obstruct passenger tracks where component lines mentioned above. At Utica, K. Y., in
there is a frequent and fast local service.
The import- the summer of 1903, the Utica & Mohawk Valley lines,
ant difference in this respect between an electric and a extending from Borne to Little Falls, with a branch from
locomotive, while
it is
evident that
it
will not do for slow-
STREET RAILWAYS.
1500
were running three express cars over
the lines each way daily, while agents who collected and
distributed goods with wagons were maintained in each
of the important towns along the route. The Utica &
Utica
to Clinton,
Mohawk Valley
electric
express rates were somewhat
lower than the rates of the regular express company.
The express business on the lines of this company is not
[Vol. lxxix.
ment rather more than a year old shows
way daily between Albany and Troy and
five
cars
each
three cars each
between Albany, Cohoes, Lansingburgh, Waterford, Mechanicsville and Stillwater.
The freight and
express earnings of the Hudson Valley for the year end-
way
daily
ing June 30 1903 were $18,461, with gross passenger
earnings of $293,610.
The
light freight business of the
the year ending June 30 1903 amounted to about $13,-
United Traction lines during the same period was
slightly under $40,000, with gross passenger earnings of
450, as compared with passenger earnings of $604,720.
$1,568,154.
yet fully developed, however.
The earnings from
it
for
The group of lines around Albany has also developed
an important freight and express business. The United
Traction Company, which operates all the lines within
the city limits of Albany, and also in Troy, Rensselaer,
"Watervliet and Cohoes, furnishes the general city terminus for the express cars, with the exception of those of
the Hudson Valley line running from Troy to Warrensburg, which have a regular freight terminus at Troy.
company known as the Electric Express takes charge of
the freight business on the line to Schenectady and on
the "five cities" lines of the United Traction Company.
A
iThe Electric Express cars are about the size of the
smaller local trolley passenger cars and carry express
matter only.
Collections
and
deliveries are
made by
private wagons, which contract to perform this service for
the
company
at the rate of 20 per cent of the gross express
charge at each end.
4
The goods
are
terminal station in Albany, which
Street,
between Broadway and the
is
brought into the
situated
on State
An
advertise-
river.
The secondary
on
character of freight and express business
compared with the passenger business
will be understood from the foregoing figures, which may
be taken as fairly representative, with their respective
variations, of tbe relation which exists between freight
electric lines as
and passenger business on
all
the electric lines of the
But because this business is small in proportion, it by no means follows that it is not profitable.
Keeping in mind Mr. Hawks's cardinal principle that the
freight traffic must not be allowed to interfere with the
country.
passenger
—a
traffic
principle almost exactly the opposite
of that, tacitly, if not openly,
road managers
—
it
acknowledged by steam
rail-
seems reasonable to expect that the
interurban lines will be able, by studying local needs, to
earn substantial sums from this
traffic
each year, with no
corresponding addition to fixed charges except that for a
very small amount of rolling stock, and with an addition
to operating expenses
small.
which can probably be made very
1
'
Street Railways.
SECURITIES AND REPORTS.
In using the series it is to be remembered that they are inter-dependent
This is one of our four Extba Sections.
publications, complete only as a whole. If utilized together, and with the fresh items of news the Chronicle contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and therefore in
great part for the value of their securities, upon the population and activity of the country they serve. Hence constant
reference to our State and City Section will be found necessary by those wishing to purchase the stocks and bonds of
Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are given at
street roads.
length in that publication, every one of which items is an essential fact contributing more or less to any correct estimate of
the amount of suburban travel a given road commands.
The Abbreviations used in our Street Railway statements will be found explained in a table immediately following the
last statement in this publication.
full Index which shows where each railway will be found is also given on the closing pages.
A
AKRON, OHIO.
AKRON-ALLIANCE CONNECTING
RY.-To
"a 5-per-oent interest rate for the unexpired term as caloulatedjln
standard interest tables." V. 73, p. 1113.
Securities of Albany Railway.
be a trolley road.
Organization— Incorporated in Ohio In 1902.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCKS
$10,000
Stock, $2,000,000 ($100)
100,000
May 1, 1923
1st mort., $2,000,000 ) 1903 5g. J-D
c ) Int. at Trust Co. of America N. Y., Trustee.
($1,000), gold
Bonds—No sinking fund and bonds are not subject to call.
Road—Is to extend from Akron to Alliance, 30 miles, with a branch
from Mogadore to Barberton, 7 miles, and a probable extension from
Alliance to East Liverpool, 43 miles. Total, 80 miles. Standard gauge.
Boad under construction,— V. 76, p. 1247.
FICERS— Pres., R. D. Gibby; Sec, C. 8. Miller; Treaa., A. Spencer
Gibby.
&
Stock
&
Bonds—
C
gold $1,000)
s
Gen. mort., $750,000, )
gold
J
Leased line securitiesWat. T. & RR.—
NORTHERN OHIO TRACTION & LIOHT
as successor In Dec, 1902, to
North. Ohio Traction Co., having exchanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
It Is one of the Everett-Moore properties.
Date, interest. Outstanding.
Maturity
Stock
Bonds—
Common stock, $7,500,-)
Organization—Incorporated in Ohio
tflie
&
$6,500,000
•00(par$100)
S
1895 5 8- M * S
300,000 Sept. 1,1915
mterestat Central Tr. Co., N. Y., trustee
Covers 27?
'1899
5 g. J. -J. 2,700,000 Julyl.1919
North Ohio Trac, mort. g., Int. at Central
Trust Co., N. Y., trustee; or
$3,000,000 ($1,000).. .o*J Dime Savings & Banking Co.,
Cleveland.
Northern Ohio Traction <fe 11903 4&5gJ-J 2,750,000 Jan. 1,1933
4300 OOO
<<R"IOOm-mort.' 1
5
.mile's
.
Light 1st consol. ($1 ,000) >Int. at Clt. Savings & Tr. Oo.,Cleve., trusgTrtd, $7,500,000
o* )
tee, or at First Nat. Bank, New York.
Bonds—Of »he $3,000,000 Northern Ohio Traction bonds, $300,000
axe reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds
Haled on Phila. Stock Exchange in Oct., 1901.
Qj the $7,500,000 No. Ohio Trac & Light consols., $3,000,000 are
reserved to retire the No. Ohio Trac. bonds, and $1,750,000 are held for
fmture requirements; $1,000,000 are 5s, all outstanding; the rest 4s.
For reference to syndicate option on a block of the 4s held by the
Everett Moore syndicate, see V. 79, p. 904.
Plant— Operates 100*35 m. of track, Including the Akron & Cuyahoga Falls Rapid Transit. Extends from Cleveland to Akron, and
if*m Cuyahoga Falls through Akron to Barberton, and to Kent and
Eavenna. Also owns 1,011 acres of coal land in Noble County. Rails,
60, 56, 70 and 80 lb. T and 73-lb. girder, standard gauge; operates
126 cars. Embraces electric-light systems of Akron and Barberton.
Net.
Charges.
Burplu*
REPORT— 12 mos. Deo. 31.: Gross.
1903
$882,276 $399,701 $268,132 $131,569
1902
745,044
334,251
205,068
129,183
LATE8T EARNIN88— Jan. 1 to Aug. 31 In 1904, gross, $588,929; net,
$266,599; int. charges, &c, $180,992; Bur., $85,607. In 1903 gross,
$582,287; net, $264,255; int. charges, Ac, $176,958; sur., $87,297,
OFFICERS— President, H. A. Everett, Cleveland, Ohio; 1st Vice-President, Will Christy, Akron; 2d Vice-President and Gen. Manager, Chas.
Currie, Akron; Treasurer, J. R. Nutt, Cleveland; Secretary, C. F. Moore,
Akron. General offices, Akron.—V. 78, p. 341; V. 79, p. 904.
;
ALBANY,
N. Y.
Organization.— Chartered Deo. 30, 1899, as a conaolidation of the
Albany Ry. [chartered in 1863], the Watervliet Turnpike and RR.
[chartered in 1*28] and the Troy City Ry. [chartered Jan. 31, 1866].
Bee V. 69, p. 1147, 1300; V. 70, p. 77. Has contract with Hudson River
Power Transmission Co. of Meehanicville for supply of power. V.
69, p. 541, 909.
Has traffic agreement with Albany & Hudson RR. Co., the Hudson Valley Ry. Co. and the Schenectady Ry. Co., by which these roads
obtain entrance into Albany and Troy.
The Cohoes City Ry. was sold at foreclosure In 1904 and reorganized
as Cohoes Ry., with $120,000 stock and S84.000 bonds. Both stock
and bonds of the new company are deposited as security for bonds of
the Albany Ry.
Date.
Interest.
Outstanding. Last div., &c.
Stock
Bonds—
&
r
00 $ 5, 000
.'.1
000.^f .f.! ?.
Debentures" $1,256,060) 1901
.
.
4^g. M.-N.
$4,999,950
577,000
.
J
(
m„
.
Outstand'g
Maturity.
Oot. 1,1942
5 g. A-O
$2,000,000
g.,$2,000,000..c*&r 5 Interest paid by Trustee, Central Trust Co., N.Y.
The Troy City leased roads include Troy & Cohoes, stock $50,000
dividends under lease 7 per cent; Lanaingburg & Cohoes, stock
$15,000, dividends underlease, 7 p. c; Troy & Lansingburg, stock
$700,000, owned by Troy City Ry. total, $765,000. The Waterford &
Cohoes RR., $25,000 stock, receives 7 p. c yearly under lease.
Dividends—First quarterly dividend, 1*4 per cent, was paid May
1, 1900; same rate since up to and including Aug., 1904.
Road—Operates 85 miles of traok. Lines connecta Albany, Troy,
Cohoea, Rensselaer, Watervliet, Lansingburg, Green Island, Waterford, etc. Has 409 cars, including 13 snow plows, 9 sweepers and
17 servloe oars. Carries expreaa and light freight.
Annual Report—Yeara ending June 30th. Report In V. 79, p. 783.
1904.
1903.
1904.
1903.
Gross earns.$l,690,205 $1,606,090 Intereat
$216,892 $214,151
Net
92,261 84,987
529,242 Tax,ren'la,etO
588,343
249,997 249,997
Otherinoo . . 14,536
18,215 Divldenda 5%
sur.43,729 def 1,678
Netinoome.
602,879
547,457 Balance
OFFICERS— Chairman of Board, Robert C. Pruyn; President, John
W. McNamara, Albany; Vice-President, Francis N. Mann Jr., Troy;
Sec, Chas. G. Cleminshaw, Troy; Treas., Jamea McCredle, Albany;
Supt., Edgar S. Fassett; Supt. Express and Freight, John W. Gibney.
Principal office, Albany.— V. 75, p. 664; V. 77, p. 76T; V. 78, p. 704,
989, 1393, 2336, 2386; V. 79, p. 783.
Date.
Interest.
Troy City lstcon.M.,) 1892
;
.
ALLENTOWN, PA.
trolley road.
LEHIOH VALLEY TRAC TION-A
Consolidated Elec-
In March. 1903, defaulted in rental of the Easton
(which was formerly leased) and on bonds of the Philadelphia
& Lehigh Valley Traction Co. In May, 1903. Robt. E. Wright, C. M.
Bates and Geo.W. Norrls were appointed receivers. Later, permleaion
waa granted to lasue $1 10,000 receivers' certificates with which to pay
interest due June 1 and Dec. 1 on the Lehigh Valley Traction Co. 4 per
cent bonds. Payment of the March, 1903, coupon of the Phila. & Leh.
Val. Tract. Co. bonds was extended to Mar. 1, 1904. The September,
1903, coupons of those bonds were paid in due course. In Mar., 1904,
the Mar., 1903. and Mar., 1904, coupons on these bonds were both defaulted. In June, 1904, also defaulted the June Interest on the Letric Co.
Messrs. Brown Bros. & Co. and
Edward B. Smith A Co., both of Philadelphia, in June, 1904, offered to
buy the June coupons of these bonds at par. See V. 78, p. 2334.
In August, 1904, a plan of reorganization was announced. This plan
provides for the incorporation of a new company under the laws of
high Valley Traction Co. 4s of 192».
UNITED TRACTION.-A trolley road.
8t
Interest.
5 J.-J.
1889 6M. -N.
$350,000 May 1, 1919
Boston Safe Dep. & Tr. Co., Boston, trustee.
150,000 May 1,1919
1890 6M. -N.
5
^il. guar.
2nd M. „
p.
^ Metropolitan Trust Co., N. Y., trustee.
The Albany Ry. gen.mort of 1897 was for $750,000, of which $25 1,000
were reserved, but consolidation makes reservation inoperative.
Securities of Troy City Railway.
1st M. int. guar.,
<fe
CO —Trolley.
Outstanding.
Maturity
$29,000 Jan. 1, 1905
M.-8.
6
11,000 Moh. 1, 1905
5 M.-S.
32,000 Sept. 1, 1913
5 g J.-J.
428,000 Jan. 1, 1930
Interest at Central Trust Co., New York.
5g-J.-D.
496,000 June 1, 1947
1897
Central Trust Co., New York, Trustee.
Date.
1866
1880
4th Mortgage
1888
5th Mortgage
Consol. M. ($500,000),) 1890
1st Mortgage
^j
^
May
1
1,
904
'
1919
gold ($1,000)
r^Int. at Nat. Commercial Bank, Albany.
Cons, mort., $6,500,000, j 1904 4>*g. J.-D. 1,068,000 Jure 1, 2004
gold ($1,000)
o* S Int. at Central Trust Co., N. Y., trustee.
Bonds— Of the oon«ol. mortgage of 1904, $4,073,000 is reserved to
retire prior liens and *1,359.0
for future improvements and betterments. Of the $1,068,000 now out, $168,000 were issued to retira
$168,308 Troy City Ry debentures due May 1, 1904. No sinking fund
and bonds are not subject to call. Directors mav fix rate of interest,
but not exceeding 6 per cent; present issue is at 4^ p. c The debentures may be called on any interest date on three months' notice at
Pennsylvania, whioh is to issue $3,000,000 of common ana $5,000,000
of 5 p. c preferred stock, to be cumula'ive after 5 years. The new
shares to be held in a voting trust for three years. The new company
will also issue $5,000,000 of first mortgage bonds ($2,770,000 to bear
4 p. c. interest and $2,230,000 5 p. c.) and $7,500,000 consolidated
mortgage bonds, of whioh $2,500,000 are 4s and $5,000,000 5s, the
latter being reserved to retire the new first mortgage. For terms of exchange and further particulars see Chronicle, page 733, 1462. The old
stock, both common and preferred, is to pay an assessment of 2 p. c,
as also the $240,000 stock of the Allentown & Slatington St Ry. The
plan provides for the present retirement of the aeonritieaof the Lehigh
Valley Traction Co (except the $60,000 Macungie extension bonds)
Phil & Lehigh Val. Tract., the Allentown & Slatington and the Copley
Egypt & Ironton, but the Quakertown Tract, bonl isaue and the atocfe
and bonds of the Bethlehem & Nazareth will remain undisturbed for
the present.
Organization.— Owns a majority of the stock of the Allentown
Electric Light & Power Co., which company it leases at an annual
rental of 7% on its $150,000 pref. stock. The latter company in turn
leases the Bethlehem Elec Light Co. and the South Bethlehem Elec
Light Co.; the Citizens' Light & Power Co. of Slatington and the Pen
Argyle Elec. Light Co. Owns Rittersville Hotel and Park
On May 10,1 P04, owners of Slate Belt Electric, formerly leaaed, took
possession of their road again.
STREET RAILWAYS.
1502
&
Maturity.
Date.
Interest. Outstand'g.
Bonds—
Stock
Stock, $2,500,000, par $50.
See text.
$2,500,000
Q.-J.
Stock, pf., $500,( 00 ($50) 7 )
o , a.n/
no nno 4 F
h Orf,i*%
*eD.,
500,000
p. o cum., redeem, at par. \
Leh.Val.Tr. M.,$3,000,000 ) 1899 4 g.J A D
2,770,000 Deo. 1, 1929
c* $1,000, gold
5 Int. at Guar. Trust Co., New York, trustee.
Beth. <fe Naz. 8t. Ry. stock
150,000 5 p. o. guar.
,
Bonds
Coplay E.
M
—
Bonds—
Stock, $2,500,000 (50)
1st mort., $2,500,000
($1,000), g., guar.*c.
Bate.
1901
(a)
g.
QUAKERTOWN TRACTION
.79,680 00
3,917 04
66,217 13
1,545 68
58,607 62
6,696 43
Balance
Taxes
75,762 96
4,835 60
64,67145
4,54145
51,91119 47,43188
2,766 06
2,589 64
70,927 36
25,000 00
60,130 00
Interest
49,145 13
23,683 74
Outstanding.
$2,500,000
M.-S.
2,500,000
Maturity.
CO.
Organization— In Aug., 1901, acquired by the Philadelphia & Lehigh Val. Traotion Co. Municipal franchise granted Nov. 20, 1896, in
&
Date. Interest. Outstanding. Maturity.
Stock
BONDS—
Stock, $300,000 ($50)
$300,000
1st mortgage, $300,000, gold > 1901
5 g. M-S. 300,000. Sept. 1,1931
($100 $200. $500,$l,000).cMGu.p.&i.byL.V Trac and Phil!&L.V.Tr.
Interest at Commonwealth Tr. Co., Hairlsburg, trustee.
Can be called after 1 year at 105 and interest.
ROAD-Operates 12 1a miles of track and forms part of the Phlla. <fe L.
V. System to Philadelphia; 107 lb. girder and 90 lb. T rail.
OFFICERS-— President, F. J. Crilly; Seoretary and Treasurer, C. M.
Bates, Allentown.— V. 73, p. 391, 616,785, 1011.
ALLENTOWN & READING TRACTIONICO
»v_ w
—A trolley road.
Organization— Incorporated April 25, 1898, and leased the Allentown & Reading Electric Street Ry. for 290 years from June 4, 1898.
Feb. 6, 1902, leased for 290 years the Kutztown & Fleetwood 8t.
On
Railway. Connects with United Traction Co. tracks from Reading
thus forming a through line from Allentown to Reading.
An extension of 3 miles under name of Trexlertown & Alburtis
Electric Ry. is proposed.
&
Date. Interest.
STOCK
Outstanding. Maturity.
Bonds—
Stock, $750,000, $50
$250,000
1st mort., $250,000, gold, ) 1900
5 g. J-J
250,000 J'ly 1.1930
$100. $500 and $1,000 $ Int. at Fidelity Trust Co., Phila., Trustee.
1st M.Kutz. & Fleetwood, ) 1(m „
<t.ort«/^/\T
„ JJ
TT
1902 5r «
$200,000
Jan. .1, ,«„„
1932
$200,000, guar. p. & i... {
1st consol. M., $750,000, ) 1902
5 g. J-J
300,000 July 1 1932
.c&r S Int. at In teg. Title Ins.&Tr.Co.. Phila., trus.
g. ($100 & $1,000)
Bonds- Of the $750,000 of new oonsols, $450,000 are reserved to
retire prior liens. The new bonds are subject to call at par alter
July 1, 1917; no sinking fund. The $250,000 first mortgage bonds
are subject to call at any time after July 1, 1910, at par.
Earnings— For fiscal year ending June 30, 1903, gross, $101,725
net, $53,554: fixed oharges, $42,774; surplus, $10,780.
ROAD— Operates 35 miles main line, 2^ miles sidings— total, 37 1* m.
OFFICERS— Prest, H. E. A hrens, Reading; Vice-Prest., S. A. Hoffman;
Sec. Aca R. Beers, Mauch Chunb; Treas., Geo. B. Schaeffer; Supt.. I. S.
Ruth, Allentown. -V. 75, p. 1398; V. 76, p. 157.
.
ALTON,
ILL.
ST.
LOUIS TRAC-
8ept.S, 1904, as the Alton & Southern
Ry., with $100,000 capital. Name was changed later to the above and
stock Increased to $3,000,000. Is a consolidation of the Alton Light &
Trac'. Co. and the Granite City A St.Louis Ry.Co Owns the gas, electriclighting and beatirg projerties of Alton. Has authorized anewissuoof
$3,000,000 5 p. o. 4<'-j ear gold bonds, of whloh $500,000 are to be reserved for prior liens, $500,000 to be issued for ihe immediate retire8t. Louis Ry. bonds and the $150,ment of .¥350,000 Granite City
000 bonds of the Alton Ll*ht <Sr Traction Co. dated 1903, while $1 ,100,000 are to be issued at once for the acquisition and completion of
the interurban property. After this new mortgage 1 as been reoorded,
the Alton Granite & St. Louis Traction Co. will fell all of its gar, electric lighting and heating properties in Alton to the Alton Gas & Elect.
Co. for $500,000. which is the capital stock of the Alton Gas
Elec
Has 10-year contract from Sept. 1, 1903, for city lighting.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
Stock, $3,000,000 -$3,000,000
150,000
Alton Lt.& Tract Con.
Oct. 1, 1943
) 1903 5 g., A-O
$1,000,000.
($1,000). £lnt. at Central Tr. Co., Chicago, Trustee, or
at First National Bank, New York.
Subject to call
)
Alton Improv. Asso. )
1889
5 M-S
12,000
Sept., 1904-'09
1st M., cur. $2,500 s Interest at Alton Savings Bank.
111. 1st M., ) 1895
5 g. A-O
238,000
Alton Ry.
Oct. 1, 1915
$250,000, g., $1,000. c* S Int. at Manhattan Trust, New York, trustee.
250,000
Alton Ry. Gas & Elec. ) 1899 5 g. A-O
Oct. 1, 1939
Co. mort., $500,000, >Int. at North Amer. Trust Co., N. Y., trustee.
c*) No s. f.; bonds oan not be called.
($1,000). gold
Bonds— Of the $500,000 Alton Ry. Gas & Elect. Co. bonds, $250,000
prior
reserved
for
liens. Of the Alton Light <fe Traotion bonds for
are
$1,000,000, $500,000 will be held to take up prior liens. These bonds
are cubjeot to call at 105 on 90 days notice.
Annual Report— Figures are for fiscal year ending June 30 and
cover the old Alton Ry. Gas & Electric Co. only.
&
&
&
M
&
<feo
25,20131
48,906 37
1,474 49
44,842 24
16,537 94
Net surplus
.45,927 36 34,928 69 25,46139 28,304 30
ROAD.— The Alton Light & Traction comprised 16 miles locally and
& St. Louis, 19 miles, between Granite City & St.
Louis. Interurban road under construction between Alton & Granite
City will give through line between Alton & St. Louis— the line via
East St. Louis will not begin operation until about July 1, 1905, but
the line to St. Louis via the Venice Ferry it is expected will be open
the Granite City
about Deo.
15, 1904.
OFFICERS—Pres. and Treas., J. F. Porter;
Sec, C. A. CaldwelL- V. 77, p. 348, 1293.
Vioe-Pres., F. E. Allen;
ALTOONA, PA.
& LOGAN VALLEY ELECTRIC
whloh Bee
RALTOONA
AIL "W AY- Acquired by American Railways
Co.,
under Philadelphia.
_
AMHERST, MASS.
STREET RY.AMHERST & SUNDERLAND
Owns and operates 1623 miles
ORaANlZATlON.— Chartered
in 1896.
of single track.
STOCK
&
BONDS—
Date.
Interest.
Maturity.
Outstand'g.
$100,000 Oct.,'02,2%
1904
117,000 Feb. 1, 1924
mnrtm™ *«117 00o( Interest
1st m
at First National Bank, Amherst,
™i ($500)
,*£nr?>
gold
c&r^} E D. Bangs,
trustee.
Bonds.— Bonds are subject to call upon 10 days' notice at 105.
Dividends of 2 p. c were paid October 15, 1900, April 20, 1901, Oct. 21,
1901, April 20, 1902, and Oct. 22, 1902. None since. Gross earnings
from operation for year ending Sept. 30, 1903, $29,412; net, $3,496;
8tock, $120,000
'
'
5 J "J
^
.
interest, taxes, etc, $5,796; balance, deficit, $2,300. President, W.
D. Cowls; Vice- Pres. and Treas., M. A. Dickinson; Clerk, Chas. H. Edwards; Supt. and General Manager, H. N. Aid rich.— V. 74, p. 93; V.
78, p. 701.
perpetuity.
ALTON
&
TTON CO-GRANITE
OrQANIZation— Incorporated on
$
90,038 57 77,528 17 70,667 71 58,52144
Power... 46, 106 79 39,534 87 32,258 66 29,439 08
33.902 24 24,957 78 19,764 52 11,397 67
Net earnings
Legal expenses,
Interest.
4
1900.
$
J&D
Mar. 1, 1931
Int. at Guaranty Tr. Co., New York, trustee.
]
Bonds— Bonds can be called at 105 at any time upon 6 weeks' notice,
and are guaranteed by the Lehigh Valley Trac. Co. No sinking fund.
Road.— Allentown to Philadelphia, 50 mixes, all completed. Rails
90-lb. T. Operates 15 double and 10 single truck cars.
OFFICERS-President, F. J. Crilly; Sec. and Treas., CM. Bates,
Allentown, Pa.— V. 77, p. 2390; V. 78, p. 1962; V. 79, p. 734, 1266.
)
1901.
$
170,047 60 142,020 82 122,690 89 99,358 19
90,367 60 75,803 69 64,083 27 50,45182
(1) PHILADELPHIA & LEHIGH VALLEY TRACTION.
In March, 1903, default occurred. Bondholders extended time of payment of March, 1903, coupon until March, 1904. The Sept., 1903,
coupon was paid on time. In March, 1904, both the March, 1903,
and March, 1904, coupons were defaulted.
Organization.—Incoiporated Feb. 14, 1901. Stock all owned by
Lehigh Valley Traction Co.
&
&
Other earnings
1902.
$
Total
Operating expenses
I
STOCK
Electrio Light
1903.
5
150,000
&
150,000
Allen. & Slat. St. Ry. stock,
„.»„„„
T , ^
cn/ guar.
240,000 5%
$240,000 (leased). $50.. J
1st M. guar. g. $500,000 } 1900 4 g.J & D
500,000 Dec. 1, 1930
($250, $500,
$1,000) Interest at Allentown Nat. Bank.
May at any time be (Lehigh Valley Trust & Safe Deposit Co.,
called at 110
c'J Allentown, Trustee.
Macungle Ext. bonds
5
60,000
Billspayable
1,096,835
Any or all bonds of Lehigh Valley Trac. issue may be redeemed at
105 on six weeks' notice. LJsted July, 1901, on Phlla. Stock Exoh.
Dividends— First div. on oommon stock of 1 per cent was paid July,
1900, andl p.o. quarterly after that up to and including April, 1902,
but none since. Pref. stock was a new issue in 1902 and 1^ p. o. paid
quarterly up to and including Feb., 1903. None since.
Road— Operates, not including Easton ConsoL Eleotric, 153 miles of
track (of which 103-43 miles of leased lines, including the Quakertown
Traction Co. and the Phila. & Lehigh Valley. Gauge, 4 feet 8*8 Inohes;
60, 70 and 90 lb. T and girder rails. Operates 157 cars.
OFFICERS— President, Robt. E. Wright, Allentown, Pa.; Vice-Pres't,
L. E. Johnson; Secretary and Treasurer. C. M. Bates, Allentown, Pa.
—V. 78, p. 768, 1446, 1781, 2334, 2384; V. 79, p. 103, 733, 1266, 1462.
Iron.
Earnings—
Railway
[Vol. lxxix.
AMSTERDAM,
N. Y.
RR.-This road, together
AMSTERDAM STREET
with the Cuyadurta
December,
were consolidated
electrio Ry.,
1902, with the Fonda Johnstown & Glovesville RR.
the latter In Railway and Industrial Section.
ANDERSON,
in
See statement of
IND.
INDIANA UNION TRACTION-
Incorporated in Indiana on June 9, 1903. The company leases the
Union Traction Company of Indiana for 999 years. Original lease
provided for dividends on the oommon stock of the Union Tract. Co.,
as rental on a sliding scale rising to 6 per oent per annum, but this
lease was modified by vote of stockholders on July 12, 1904, and dividends on stock of Union Traction Co. hereafter will depend upon earnings of the Indiana Union Traction Co. See V. 79, p. 105, 271.
&
Outstanding. Maturity.
$5,000,000
1903
)
5 g A-O
1,000,000 July 1, 1933
0* >
Int. at Glrard Trust Co., Phila., Trustee.
($1,000), gold
Bonds. - $4,000,000 are reserved for extensions and improvements,
but only when net earnings are 1 ^ timea int. charges. Sinking fund,
l 1* p. o. per annum of outstanding bonds, becomes operative on July
Fund is to be invested in the bonds at not abeve 105 and in1, 1904.
terest, and bonds may be drawn for the sinking fund at that price, but
are not otherwise subject to oall until after July 1, 1U08, when all
may be redeemed at 105 and interest on any Interest day.
Earn INQ8.— For the calendar year 1903 were: Gross, $1,118,951;
net, $498,815; fixed charges, inoluding dividend on pref. stock of
Union Traction Co. of Indiana, $358,511; surplus, $140,304.
OTHERS-— Chairman of Board, Geo. F. McCulloch, Indlanap.; Pres.,
A.W. Brady, Anderson 1st V.-P., J. Levering Jones, Phila.; 2d V.-P.,
W. Kesley Schoepf, Cla.; Treas., John A. Harris Jr., Phlla.; Secy. <fe
Asst. Treas., W. C. Sampson. Anderson; Gen. Mgr., A. L. Drum, Anderson. General offices and transfer offices, Anderson, Ind.— T. 78, p. 1167,
1223, 1275; V. 79, p. 103, 151, 269, 1266.
STOCK
BONDS—
Date.
Interest.
Stock, $5,000,000 ($100)
1st mortgage. $5,000,000
,
;
UNION TRACTION
(1)
OF INDIANA.— A
CO.
trolley road.
Organization.— Incorporated in 1903 as a consolidation of the
Union Traction Company of Indiana (incorporated on June 21, 1899),
and the Indianapolis Northern Traotion Co. (lncorperated in April,
1902). Through consolidation the capital was increased from $5,000,000 ($4,000,000 com. and $1,000,000 pref to $8 500 000 -$1,000,000
of whloh remains pref. The additional $3,500,000 oommon was distributed to Union Traction stockholders in the shape of a stock dividend
V. 76, p 1302. Leased in 1903 to the newly formed
of 70 per cent
Indiana Union Traction Co. for 999 years. See terms above.
The Indianapolis Northern Trac. assumed payment of principal and
interest of half ($200,000) of the bonds on the Broad Ripple Traction
Co., and also half of the interest of the remaining $200,000 bonds for
10 years from May 1, 1903. See V. 78, p. 1167.
Date. Interest. Outst'd'g
Maturity.
Stock & Bonds—
$7,500,000July,'04,l%
St'k,$7,500,000, common,$100
)
Stock pref., 5 per ct, cum.,
-
)
5A -°
1
S^Sffir^lS^l ?
on30days' notice
Anderson Elec St. 1st M.,
($1,000 each) assumed
°«9?o
2 50 ono
l
f
UDCle) l8t
g.
?,'* ]
105,
'
denom. $500 and $1,000. J
u.^nit^i.tM VAnnnnni
$400 000
. .
™
1892 6g. J- J
150,000 July 1,*12
Farm. L. & T. Co., Trus.,N.Y.C.
6 «- J-D
163,500 Deo. 1, '27
>
$
m ° rt
subj°ect "to-caii at
1.000.000 ...Oet/04
f
J
Int. at
W?
^
In
'*
D6P ° 8lt
muaaeipma, trustee.
M> '> PMladeZhilTuslf
!895 Bg.M-N $400,000 Mayl, 1915
Mercantile Nat. Bank, if. Y.
Mortgage trustee, Francis A. Palmer.
1899 5 * J * J 4,281,000 July 1/19
"mla^SlTooY laSTe" I Int
at City Tru8t Co - N Y " trU8tee called
c&r* S
Ind Nor.'Tra'o."istM.V$5','o00,-)
1902 5 g. J&J 4,500,000 July 1,'32
000, gold, guar. p. and i., by > Interest at Colonial Trust Co., New
.0*) York, trustee.
Union Traotlun
Stock and Bonds— Ot the $5,000,000 gen'l mort., $719,000 are reserved for underlying bonds. Common and pref. stock and gen. mtge.
bonds are listed on Phila. Stock Exohange.
S Kfi
nnnf
<;j>i,vuu)
goia
.
'
'
^ \ Int. at
^
'
"
J
,
,
STREET RAILWAYS.
Oct., 1901.]
Dividends — Pref. stock of Union Tract. Oo.dates from Jan. 1, 1901*
First div. Oct. 1, 1901 (for nine mos., Jan. 1, to Sept. 30), 3»4 p. c; In
1902 5 p.c; in 1903, 5p. o.; in 1904, Apr., 2>« p. o.; Oct., 2ia p. c. On
common, have been: In 1903, July, 1 p. c; in 1904, Jan , *a p. 0.; July,
Road—Besides the city lines in Marion, Anderson, Munoie, Alexandria and El wood, operates an interurban road from Anderson
(via Linwood, Alexandria, Summitville, Fairmount, Jonesboro, Gas
City and Soldiers' Home) to Marion, with a branch from Alexandria
(via Orestes and Dundee) to Elwood, and from Elwood to Tipton,
also an interurban line from Muncie, via Yorktown, Daleville, Chesterfield, Anderson, Pendleton, Ingalls, Fortville, McCorrtaville and
Lawrence, to Indianapolis; also an Interurban line from Logansport,
via Kokoruo, Tipton, Atlanta, Arcadia, Cicero, NobleHville, Carmel,
Broad Ripple, to Indianapolis, and from Peru to Kokomo; total track
aggregates 211 miles of interurban and 50 miles of olty lines. Provides package freight service between Indianapolis and Muncie and
Indianapolis and Kokomo, and also between Anderson, Marlon and
Elwood. By contract until Nov., 1933, cars run over tracks of Indianapolis Street Ry in Indianapolis.
The Indian ipolis Northern Traction Co. operates a line of 19 miles
from Kokomo to Peru and a line of 24 miles from Kokomo to Logansport. Total 43 miles. Grand total of all, 261 miles.
A large central power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with 14 sub-stations
likewise equipped with storage batteries, operates entire system.
Equipment.— 95 open and closed cit^ motor cars, 35 city trailers, 49
Interurban motor, 15 trailers, 6 express motor and 2 express trail
oars, 1 pi 1» ate car, 8 motor work cars and supply of line repair c-rs,
V. 77, p. 90, 452; V. 76, p, 769; V. 79, p. 105, 271, 682,
flat cars,
STOCK
&c—
BONDS—
1902
Interest.
Outstand'g.
6AO
$300,000
150,000
Maturity.
Apr. 1,1922
In 1904, gross, $81,838; net,
$33,897, llxed charges, $8,455; surplus, $25,442.
Road— Operates 5 miles of track and 6 cars.
Officers— Pres., 8. J. Mitchell, Boston; V.-P., 8. 8. Gordon, Astoria;
See. and Treas., C. N. Huggius, Portland, Ore.; Supt, C. A. Coolidge.
EaRminGS— For year ending March
1:
ATCHISON, KANSAS.
ATCHISON RAILWAY LIGHT & POWERControls electric
Organization—
railway, lighting and gas properAtchison. Successor in 1895 to the Atchison Ry., Eleo.L.& P.Co.
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stook, $300,000, par $100
$300,000
Atoh. Ry. Lt. & Pow. 1st) 1Q q«: <. _ t ^.t
u
150,000 July 1, 1915
M., gold, $1,000, int. &t\Trustee, Mercantile Trust Co., New York.
Exch. Nat. Bk., Atchison.
Road— Operates 8*3 miles of track.
Earnings—In 1902, gross. $97,328; net, $38,492
OFFICERS— President, J. P. Pomeroy: Vice-Pres't, W. P. Waggener
Treas., C. 8. Hetherington; Supt., C. M. Marshall.— V. 72, p. 626, 1278
ties of
&
.
ATHENS, GA.
ATHENS ELECTRIC RAILWAY-A trolley road.
Organization— Purchased road
at foreclosure sale in June, 1894.
June, 1895. Has contract to furnish aro lights
to city; also incandesoent lamps to private parties. Uses water power
for generating electricity. In October, 1901, purchased the property
of the Tallassee Power Co., which Nov., 1902, began operating two
power stations driven entirely by water wheels, and ail or ding 2,250 horse power.
Interest. Outstanding.
Maturity.
STOCK & BONDS— Date.
Stock, common
$75,000
Stock, pref., 6 p.0.,cum.
6 J. J.
25.000
July 1, '04, 3%
13,000
6 g. J.-J
July 1, 1916
1st mort «1 00 000 ( 1896
1 Columbus Savings Bank, Columbus, Ga., trurtee.
« SiM
goia ilsooi
CJ.DW)
0.
£ interest at Columbus or Athens.
New 1st mortgage, ( 1901
6 g. A-O
$212,000
Oct. 1, 1931
$400.000($1,000), < Interest at Title Guarantee & Trust Co Atlanta,
0* (
gold
Trustee, or Old Colony Trust Co., Boston.
Bonds.— Of the new bonds entire issue, but no lesser part, may be
called on and after Oct. 1, 1911, at 106 and interest; $13,000 reserved to take up old bonds; remaining $175,000 can only be issued
for future extensions and additions to two- thirds of the aotual cost.
Slock— Pref. stook is subject to call Jan. 1, 1908, at 110 and accumu-
New charter granted
ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO-
ORQANIZATION— Incorporated in 1899 under New Jersey laws, to
take over the Anniston Electrio Co. (operating the Noble 8treet line)
and the Oxford Lake Line, sold at foreclosure August, 1899; also acquired at receiver's sale the Anniston Gas and Light Co. General Eleotrlc Co. interested.
STOCK and Bonds—
Date.
Interest. Outstand'g.
Maturity.
$250,000
J-D
239,000 Dec.
Stock, $250,000 ($100)
1st mort., $300,000 ($100,
I
1899 5 g.
1, 1929
\
o*5 Int. at Bait. Safe Dept. & Tr. Co. Trustee.
$500) gold
Bonds.— Entire issue may be called after 5 years at 105 and accrued
interest. Sinking fund of 1 per cent of bonds outstanding becomes
operative on Dec. 1, 1905, but to be available for bond redemption*only if the money cannot be advantageously employed "for the acqui-,
sitton of permanent extensions and additions."
Road— Operates 10 miles of road from Anniston to Oxford Lake, including 5 miles of track on city streets.
Officers.— Pres.. E. R. Coffin, Schenectady.N.Y.; 8eo. and Treas., H
M. Francis, Schenectady, N. Y.; Gen. Manager, Howard W. Sexton
Anniston.— V. 68, p. 928; V. 69, p. 283.
,
asheville,
,
,
lated dividends.
Dividends.— On preferred stock Jan. 1, 1904, 3 p. c; July 1, 3 p. 0.
PLANT— Owns 7 miles of track; 40-lb., 60-lb. and 70-lb.T rails and
10 motor cars; lighting and power plant, 2,250 h. p.
Gross, $6J ,299 net, $38,554; other
income, $1,339; charges, $18,262; surplus, $21,631
70-lb. girder;
n. c.
Report— Calendar year 1903:
ASHEVILLE ELECTRIC CO-
Organization— Is controlled by the General Electric Co. The
Ashevllle Electric Co. is a consolidation of the Asheville Street RR.,
Biltmore St. Ry. & Trans. Co.
the Intermontane RR., the Asheville
and the Asheville Electrio Co. Owns Riverside Park.
Date.
Interest. Outstand'g.
Maturity.
B^nDS—
STOCK
Common, $750,000. $100
$532,500
749,500 May 1.1941
1st mort., $750,000 ($500; 1901 5 g. M-N
and $1,000), gold
c* S Int. at Old Colony Tr. Co., Boston, Trustee
Bonds -A sinking fund of 1% of outstanding bonds becomes oper
ative after May 1, 1906. Bonds are subject to oall at 106 and Inter-,
esf after that date.
Earnings— F>r calendar year 1903: Gross, $163,783; net, $61,421
Charges, $29,675: surplus, S3 1,746.
Road— Operates 12-27 miles, standard gauge, In Asheville; including second track and sidings 14*16; 33 cars.
OFFICERS—Pres J. E. Rankin; Vice-Pres., E. R. Coffin, Sohenectady;
Sec and Mgr., H. W.Plummer; Treas., H. M. Francis, Schenectady.N.Y.
&
;
,
ASHLAND, W IS.
LIGHT, POWER AND STREET
RAILWAY-A
ASHLAND
trolley road.
Organization—-Chartered in February, 1896, as successor to Ashland
Lighting & Street Ry. Owns exclusive electrio light and gas rights in
city, and bonds cover lighting plant.
Date.
Interest. Outstand'g.
Maturity.
STOCK & BONDS—
$150,000
98,000
Jan. 2, 1916
($l,000),s.f .,red.l04.o 5 Interest at Old Colony Tr. Co., Boston, trustee.
Earnings— For year ending Deo. 31, 1903, gross, $74,265.
Road— Operates 6 miles of trolley track.
OFFICERS—Pres., Thos. Bardon; Sec. and Treas., G. F. Merrill.
Stock, $300,000 ($100)
1896
IstM., $150,000, gold)
5g. J.-J.
ASHTABULA, OHIO.
ASHTABULA
RAPID 1890.
TRANSITORQANIZATION—Chartered Oct.
ATLANTA,Railway,
GA.
&
BONDS—
Date.
Interest.
Outstanding.
Populati n n Tributary
Maturity.
Stock
$150,000
IstM., $75,000, gold, < 1891
6 g. J75,000
July 1, 1911
1,000
o'ArHnt, at Central Trust Co., Trustee, N. Y. City.
Operates
miles
5
of track on 5 miles of street.
ROAD—
OFFICERS—President, F. B. Wagner; Vice-Pres., F. J Wettaoh; Sec. &
Treas E. W. Savage; Supt., E. R. McDowell.
,
R Y--A trolley road.
ORGANIZATION—Incorporated on March 17, 1898. Owns and opeConneaut city line, 3 miles, and has built westward from
Conneaut to Kingsville and Ashtabula, 14 miles, and south from Ashrates the
tabula to Jefferson, 10 miles. Total, 27 miles. A through line between Cleveland, Ohio, and Erie, Pa., is proposed, of which this road
form a part.
STOCK
Bt
& BONDS—
r
Date.
$10 0).'* 700 '° 00
autV.^.
1st mort! $600,000" goYd.o*
.
.
Interest.
Outstand'g.
Maturity.
$700,000
600,000 Mar. 15, 1922
S
1902 5 g. J&D
Int.at Citizens' Sav.&T Co., Clev., Trustee.
Jefferson Division (8500) >
5 g. M&S
100 000 Mar. 15, 1922
$100,000
J Int. at Citizens' Sav.&T. Co., Clev., Trustee.
OFFICERS— President, Thomas McGovern, Geneva; Vice-Pres., W. F.
Stanley, Conneaut, Ohio; Sec.
Treas., A. F. Galpin, Jefferson; Asst.
Sec. & Treas., Frank E. Loucks, Ashtabula.
Office at Ashtabula.- V.
74, p. 478.
«500each
)
S
&
ASTORIA,* OREGON.
ASTORIA ELECTRIC COMPANY-A trolley road.
Organization— Incorporated
in Oregon Mar. 12, 1901. Charter perReorganization of the Astoria St. Ry., sold at foreclosure on
July 2, 1900. In Mar., 1902, acquired the West Shore Mills Co. electrio
light plant and also the Astoria Gas Light Co. Now does all the eleo.
trio power, electrio light and gas business of Astoria.
petual.
150,000.
Organization -Incorporated in Georgia on Jan. 28, 1902, and on
Apr. 1, 1902, took over the Atlanta Ry & Power Co., the Atlanta Rap.
Tran. Co., the Georgia Eleo. Light Co. and the Atlanta Steam Co. Franchise perpetual. Comprises the street railway, electric light, gas, power
and steam-heating interests of Atlanta and Fulton County has contracted to use power to be supplied by the Atlauta Water & Electrio
*ower Co. from the latter's plant at Bull Sluice on the Chattahoochee
River, 15 miles from Atlanta— see V. 79, p. 153 By terms of the ordinancf>|permitting consolidation the company paid the city of Atlanta
$50,000 in cash, and agrees to pay a tax on gross receipts of 1 per cent
for first 3 years, 2 per cent for the next 20 years and 3 per cent thereafter. V. 74, p. 397, 727. Has contract with the city for street lighting for five years from April 1, 1903, at $75 per arc per annum. In
Oct., 1902, both preferred and oommon stook was listed on Boston
Stock Exchange. V. 75, p. fr49.
In June, 1903, acquired the entire capital stock ($600,000 6 p. 0. preferred and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gas business of Atlanta and vicinity, by exchange of stock, dollar for dollar. V. 76, p. 1406. The gas company, however, maintains
a separate organization. Through this exchange. United Gas Improvement acquired a substantial interest in the Ga. Ry. & Electrio.
Date.
Interest. Outstanding.
Maturity.
Stock
Bonds;
&
Com.,$6,014,600($100)
Pf.,5% non-cum., $2,-)
400,000 (par $100). ?
$6,014,600
2,400,000 Oot.20,'04,li4%
1st con. M., $11,000,Jan. 1,1932
>,- JS 1902
5,114,000
5g J-J
000, g. s.f. ($1,000). 0* I Int. at Old Colony Tr. Co., Boston, Trustee.
July 1, 1920
225,000
6 g. J.-J.
Atlanta <St RR first (1890
} Interest is payable in New York at 4th Nat. Bk.
goia, »i,wu
Central
Trust
New
York,
Trustee.
Co.,
^
Atl. Cons. St. Ry. 1st)
cons. M., $2,500,1899
5 g. J.-J.
2,275,000
Jan. 1, 1939.
000,g,($l,000 each) \ Interest payable in N. Y. at N. Y. Seo. & Tr. Co.;
Sub j.to call after 5
also at Merc. Tr. & Dep. Co. of Bale, Trustee.
0*
years at 107^
Ga. Electrio Lt. Co.!
1st M $2,000,000, 1900
5 g. J.-J.
1,3*0,000
July 1, 1930
g. Subject to call
Int. at Old Colony Trust Co., Boston, Trustee.
5Q J.
I
,
PENNSYLVANIA & OHIO
to Street
GEORGIA RAILWAY & ELECTRIC Co-
S«innn
7,
STOCK
;
OFFICERS— President, J. Y. Carithers; Vice-President, W. S. Holman,
Secretary and Treasurer, W. T. Brvan; Gen. Manager and Purchasing
Agent, C. D. Flanigen. Supt., H. M. Hughes.-V. 73, p. 1060, 1311.
&
will
Dale.
Stock, $300,000 ($100)
1st Mtge., $150,000
7
735.
&
1503
I
|
in 1905 at 10=)
Atlanta Gas
J
Light ) 1897
5 g. J.-D.
1 ,150,000
June 1, 1 947
Co 1st M., $1,1 50,- > Int. at N. Y. 8ecarity & Trust Co., Tiustee, or
000 ,g. ($1,000). .0* )
Bank of Scotland, London, England.
Bonds.— Of the total authorized issue of $11,000,000 of Ga. Ry. &
Elec. bonds, $3,850,000 are reserved to retire underlying liens. Bonds
are subject to call on any interest date after Jan. 1, 1907. at 110 and
aoorued Interest. A sinkingfund becomes operative in 1907 which will
retire $10,000 of bonds in each year from 1907 to 1911, inclusive;
$25,000 per annum from 1912 to 1916, inclusive, and $50,000 per
annum thereafter. A sinking fund of $6 60 per $1,000 bond on the
Atlanta Gas-Light Co bonds is operative. A sinking fund of $25,000
per annum is also operative on the underly ing bonds of the Atlanta
Lonsol. Street Ry.
Earnings— For year ending June 30, 1904, gross, $1,971,981; net,
after taxes, $349,295; Interest, $465,325; surplus, $383,970.
Road— Operates 142 mil^sof track, 70 of which is entirely new. Line
to Marietta (20 miles track), Is being constructed by Atlanta Northern,
which see below.
OFFICERS.— Ch. of board, H. M. At&inson; Pres„Preston 9. Arkwright;
V.-P., Treas. and Man. Eleo. Dept., G. w. Brine; Vice-Pres., Sec. and
Mgr. Rwy. Dept.,T. K. Glenn.— V. 77, p 2035; V. 79, p. 151, 681.
j ATLA.NTA NORTHERN RY. CO.
A trolley road.
Organization -Entire stock is owned by the Georgia Ry.
Co., which guarantees the bonds.
(1
&
Eleo.
STREET RAILWAYS.
1504
Stock
& BONDS—
Dale.
Stock, $4t 0,000
1st mort.. $400,000, guar.
($500 and $1,000) g
>
1904
5
Int. at
Maturity.
Interest. Oulstand'g.
July 1, 1954
5 g. J-J
Old Colony Tr. Co., Boston, Trusi.
Bonds— Are guaranteed, principal and interest, by indorsement by
the Georgia Ry. & Electric Co. Are subject to call on any interest
date after 5 years at 110 and interest. A sinking fund of $5,000 per
annum begins after 5 years.
Road- Will operate 20 miles of track from Atlanta
private right of way. Is now under construction and
be completed about March, 1905.— V. 79,
ATLANTIC
to Marietta on
is expected to
p. 680.
CITY, N.
J.
ATLANTIC
CITY & SUBURBAN TRAC COOrganization— Incorporated in New Jersey on July 17, 1902. Owns
A Pleasantville Turnpike Co. In Aug.,
1903, stock authorized was increased from $500,000 to $750,000, and
refunding mortgage for $750,000 made, part of which was used to
retire $500,000 bonds Issued in 1902.
Outstanding.
Maturity.
Interest.
BONDS— Date.
STOCK
and operates the Atlantic City
&
Stock, $750,000 ($50)
B
d
t
$750,000
"Sinn" X 1903
-
track). Entire road put in operation May 28, 1904. Rails, 80-lb.
girder in towns and T in suburbs.
OFFICERS— President, Edward R. Sponsler; Vice-Pres., A. M. Jordan;
Secretary, Eli H. Chandler Treasurer, C. Taylor Leland Gen. Mgr.
Jos. C. Lugar Engineer, F. D. Hain.— V. 77, p. 1224.
;
;
;
AUBURN,
N. Y.
AUBURN
& SYRACUSE ELECTRIC
road.
RR.-A
trolley
Organization—Organized Oot. 1, 1902, as a consolidation of the
Auburn City Ry. and Auburn Interurban Eleo. RR. Franchises perpetual. In April, 1904, the Railroad Commissioners gave permission
to increase the common stock to $1,000,000.
Date,
interest. Outstand'g. Maturity.
Bonds—
Stock
Common, $1,000,000 ($100) )
$800,000
&
...
Pf.,6%oum.,$500,000($100) <
500,000
Auburn City 1st mortgage, 1895 6g. F-A
128,000 Aug. 1, 1925
Trus
Trust
Co.,
Phlla.,
Int.
at
West
End
$300,000 ($1,000)
o* J
1902 5 g.A-0
922,000
Oot. 1, 1942
Anb. & 8yra. 1st A ref.Mtg., Int.
at N.
Harris & Co., New York,
$2,000,000, g. ($i,ooo).. o*; City Trust. Co.. New York, Trustee.
Bonds.— Of the $2,000,000 authorized, $128,000 are reserved to retire a like amount of Auburn City 6s, which, it is stated, will be called
for payment on Aug. 1, 1905, at 105, and $950,000 for future extensions, but only when net earnings are double interest charges. The
new 5s are subject to call at 110 and Interest on or after Oct. 1, 1912.
Road Operates about 37 miles of track, includtng 18 miles in
Auburn and 24 miles from Auburn to Syracuse, which latter was put
in operation on July 1, 1903. Has truckage agreement with Syracuse
Rapid Transit, allowing it to enter that city. Owns Lake Side Park,
about 33 acres on Lake Owasco.
OFFICERS.— Pres. and Gen. Mgr., C. D. Beebe; Vice-Pres., W. A. Holden; Sec, A.M. Michael; Treas., Albert K. Hlscock.— V. 78, p. 1961.
W
(
Date.
Outstand'g.
Interest.
Maturity.
$300,000
Pref., cum., 4 percent.
69,000
See text.
Aug. Hallowell <fe G.
1890
6
J-J
10,500
July
1,1910
1st M. for $100,000. S
Interest payable in Boston; International Trust Co., Irustee.
1st mort, $250,000, > 1901
239,500
July 1, 1951
4g. J-J
convert ($1,000 and > Interest at Augusta Trust Co., Augusta, Me.,
$500)
c*)Tru8tee
Loans payable June 30, 1903
$166,500
Bonds can be converted into preferred stock at option of holder.
Semi-annual dividends of 2 p. o. are being paid on the pret stock.
Road— Operates 12^ miles of road in Augusta, Hallowell, Gardiner
and Farmingdale and to Togus. Also extension of 14 miles from Augusta to Winthrop, completed In 1902. Total, 26^ miles.
l REPORT— Year ending June 30
1902.
1903.
1903.
1902.
Gross earnings.. $91,996
Net earnings
28,131
Intereston bonds 12,915
$60,110 Taxes&oth.chgs. $6,591
$1,417
25,446 Bal. for divs
8,625
13,808
10,221 Dividends
None
2,400
Latest Earnings— For 12 mos. ending June 30,1904, gross, $91,-
592; net, $31,604.
Aug. 1, 1933.
5gF.-A.
750,000
phila -» Trustee.
$500 and $1 000). ) Int at West End Trust Co Bonds—Are sublect to call after 10 years at 105.
ROAD— Operates' le^a miles of track from Atlantic City to Pleasantville, Somers Point and Absecom (including sidings, 18 H miles
ftiSf '«?fl
& Bonds—
common $100....
Stock
Stock,
$400,000
400,000
Vol. lxxix.
|
—
AUGUSTA GA.
AUGUSTA-AIKEN R'Y & ELECTRIC CO-
M
Officers— Prest, J. Manchester Haynes, Augusta, Me.; See., H.
Heath; Treas.. G. E. Maoomber; Supt, L. F. Taylor.— V. 74, p. 1184.
AURORA,
ILL.
ELGIN AURORA & SOUTHERN TRAC-
TION.—Population
served, 75,000.
in Illinois May 29, 1901.
Consolidation of several lines running north and south through the Fox River
Valley, namely the Elgin City Carpentersville & Aurora Railway, the
Aurora A Geneva Ry., the Aurora Street Ry., the Elgin City Ry.. the
Aurora Yorkville & Morris Ry. aud the Geneva Batavia & Southern
Railway. The projeot was financed by a syndicate headed by M. J.
Mandelbaum A Co., who also promoted the Aurora Elgin A Chicago,
by means of which latter an entranoe to Chicago is obtained.
Dale. Interest. Outstand'g.
Div., ett.
STOCK
BONDS
Stock, $2,000,000 ($100)
Q.-J.
$2,000,000
See text
ORGANIZATION.— Incorporated
&
1st
1901 5g. J-D
1,700,000 June 1,1916
Int. at Am. Trust and Sav. Bank. Chicago,
c°*| trustee, and First Nat Bk., N. Y. City.
mortgage $2,000,000
$1,000, gold,
s. f
.
u-inH« City
nitrrTj^
=+ ™™*
Elgin
Ry. 1st
mort...
-i
5
\
1890
F-A
5g.
200,000 Aug. 1, 1907
A T. Co., 8.Y. City.
Intere8 tlt Farmers' L.
4 A. 1st
M., $150,000
1896 5g. J-J
100,000 Jan. 1, 1907
Bonds.— Of the $2,000,000 authorized consols. $300,000 are reserved
to retire the above divisional liens. Sinking fund is $17,000 per annum first Ave years and $25,000 annually thereafter; $51,000 have
been purohased and are now held in sinking fund.
Dividend— First dividend— \ p.
was paid April 10,1903; also %
p. o. in July and % p. c. in Oct.; Jan., 1904, dividend and since, passed.
Road— Operates 72 miles of track, connecting the cities and towns
of Carpentersville, Dundee, Elgin, South Elgin, St. Charles. Geneva,
Batavia, Aurora, Montgomery, Oswego, Yorkville and Bristol.
Earnings— For year ending June 30 of oomblned properties:
Gross.
Oper. exp.
Charges. Surplus
yet.
O. E.
c—
1904
1903
$456,099
434,967
$274,796
250,706
$110,676 $70,627
110,069
74,192
$181,303
184,261
OFFICERS—President, L. J. Wolf; Vice-Pres., Edwin C. Faber; See.
and Treas.. H. O. Lang; Gen'l Mgr.. John T. Huntington; Auditor, W. P.
Harvey.—V.
73, p. 783, 1010; V. 76, p. 751; V. 78, p. 102.
AUSTIN, TEX.
AUSTIN ELECTRIC RY.-A trolley road.
OrQanization.— Incorporated on Jan. 3, 1903, under the laws of
Organization— Incorporated in Texas on May 29,1902, as a reorNew Jersey, for the purpose of consolidating the Augusta Ry. A Elec. ganization of the Austin Rapid Transit Ry. Authorized capital stock
Co., the North Augusta Elec. A Improvement Co., the Augusta A Aiken
was increased in April, 1903, from $200,000 to $350,000.
Ry. Co.. the North Augusta Hotel Co. and the North Augusta Land Co.
In 1904 control was purchased from John L. Williams A Sons and Mi ddendorf A Co. by Pres. J. U. Jackson and associates of Augusta.
Date. Interest. Outstanding. Maturity.
BONDS
STOCK
Common.. $1,500,000 ($100)
$1,500,000
Pf.$800,000($100)5p.o.oum
800,000
trust,
?
1903
Coll.
5 J-J
$3,000,000
700,000 Jan. 1,1953
gold ($1,000)
c* J Int. at Int. Trust Co., Baltimore, Trustee.
Of new mortage $2,000,000 is for the purpose of retiring prior
liens. Bonds are convertible in five years at option of holder, and subjeot to call on any interest date on 60 days' notloe at 105 and interest.
&
OFFICERS— President John Blair Mac A fee; Vice-Pres.. R.Lancaster
Williams, Richmond; Sec. and .Treas A. J. McKnlght, Augusta.—
V. 76, p. 100; V. 78, p. 341.
,
AUGUSTA RAILWAY & ELECTRIC CO—
Date.
Outstanding.
Stock
&
BONDS—
Maturity.
Interest.
8tock, par $100, $1,000,000 ...... ....... $1,000,000
Elec. mtg., J 1900 5 g. J A D 1,000.000 June 1, 1940
Augusta Ry.
g., $1,000,000 ($l,000).o* I Int. at Mer. Tr. & Dep. Co., Bait. Trustee.
Bonds.— Augusta Railway A Electrio bonds can be called in 10, 20
or 30 years from date at 105 and Interest on 6 months' notice. Sinking fund is *« of 1 per cent, beginning June 1, 1905, for 15 years,
1 per cent for next 10 years and 2 per cent for remaining 10 years.
ROAD OperatesJ29 33 miles of track 17 miles of street.
Latest Earnings— For 12 months ending Deo. 31: In 1903, gross,
238,189; net. $118,128. In 1902, gross, $219,297; net, $105,101.—
f 76, p. 918; V. 78, p. 341.
A
—
-
;
.
NORTH
AUGUSTA
ELECTRIC & IMVEMENT
PRO
CO.Controls the Augusta A Aiken Ry., whose bonds are deposited as
collateral for the
bonds in table below.
Stock & Bonds—
Common, $1 ,000,000
Date.
Interest.
Outstand'g.
Maturity.
($100)
$1,000,000
PL, 5% no., $500,000 ($100)
500,000
No. Aug. Eleo. A Impt. Co. 1901 5g.A-0.
900,000 Oct. 1,1951
1st mortgage, $1,000,000, Internat'l Tr. Co., Baltimore, Trustee,
c)Int at Augusta and Baltimore.
gold ($1,000)
Bonds.— $100,000 reserved for improvements; are subject to call at
105 on any interest date upon 60 days' notice.— V. 76, p. 918.
(1
)
AUGUSTA A AIKEN
RY.
Organization-— Is controlled by the North Augusta Eleotrio A Improvement Co. Stock is $10,000; bonds, $500,000 of 5 p. c. 30-year
gold bonds; interest J.-J, and maturing Jan. 31, 1931. Honda ail deposited as security for North Augusta Eleotrio A Impt Co. bonds.
Road— Operates 26 miles of track from Augusta, through Clearwater, Bath. Langley, Warrenvllle and Graniteville, to Aiken, 8. O.
Standard gauge, 601b. T rail- Opened Sept. 1, 1902.
ME.
AUGUSTA & GARDINER
WINTHROP
AUGUSTA
RYAn
road.
electric
Organization— Consolidation in May, 1902, of the Augusta Hallowell A Gardner RR. and the Lewiston winthrop A Augusta St. Ry.
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
Maturity.
$200,000
Probably will not be issued.
First mortgage, $350,- ) 1903
5
Equitable Trust Co.. New York, Trustee.
000
5
Road— Operates 13-34 miles of track on 10 27 miles of road. Entire
road is being re-built.
Officers— Pres., Wilber H. Young Vice-Pres.., F. H. Watriss. New
York; Treas., E. P. Wilmot; See. and Supt, Frank E. SootUI.— V. 64,
p. 422; V. 70, p. 1248; V. 74, p. 426, 576,1037,1194; V. 76, p. 809, 1247.
Stock, $350,000
-
;
BAKERSFIELD, CAL.
POWER, TRANSIT & LIGHT COOrganizai iON— Is successor in 1903 to the Power Development Co.,
the Bakersfleld Gas & Eleot. Light Co. and the Bakersfleld A Kern
Electrio Ry. Does the entire electric lighting, power, gas and street
railway business of Kern and Bakersfleld. V. 77, p. 401.
Date. Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stock, $2,500,000. $100
$778,000
&
"fSo.OOO.^l.OOof^
M
-
5
^JJ
"
125 000
'
July 1,1931
Bakersf. Gas & El.
Periodically.
6% F-A15
50,000
778,000 June 1, 1933
New mort.. $2,500,000) 1903 5 g. J-D
Mercantile Trust Co., San Fran., Trustee.
gold, ($1,000)
s
Bonds— Ot the $2,500,000 new bonds, $175,000 are reserved to retire
prior liens. The new bonds are subject to call on any Interest date
sinking fund of 10 p. o. of
"on basis of 4 1a p. c. re investment."
earnings commences after 5 years.
Road— Operates 9 miles of track between and throughout Kern
and Bakersfleld. Also does eleotrio lighting, power and gas business.
Has over 100 miles of electrio power lines.
Gen. Mfrr.. C. N. Beal, San Franoisco; Ass't Gen.
OFFICERS— Pres.
Mgr., Jao. Goodwin, Bakersfleld; Sec.
Treas., F. G Drum, San Fran401.
oisco.- V. 77, p.
A
&
&
BALLSTON SPA, N. Y.
BALLSTON TERMINAL RR.-A trolley road.
Organization— Chartered Maroh
14, 1896.
ceivers were appointed (V. 78, p. 701) but
it is
On
Feb. 10, 1904, re-
expeoted they will be
discharged shortly.
&
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stock (par $100) $1,500,000
$300,000
gold
and
mort.,
($500
)
1896 5g. J-D
1st
250,000 June 1, 1926
$1,000 each) $250,000c* $ Int. at Metropolitan Trust Co., N.Y., Trus.
See text Mar 1. 1933
Gen. mort'ge. $1,500,000, > 1903 5g. M-S
{Citizens' Sav. A Tr. Co.. Cleveland, Trus.
gold ($1,000)
Bonds.—The gen. mortgage of 1903 is believed to have been nearly
all oanoeled, and oompany is now contemplating proposition to first
mortgage bondolders to buy their bonds and make one large issue of
absolute first mortgage bonds.
ROAD— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from
Extension contemplated to Amsterdam,
the Spa to Middle Grove.
Johnstown and Gloversville, with a short extension to Saratoga.
OFFICERS— President, Thos. P. Barrett, New York. -V. 74, p. 93, 266;
V. 76, p. 265, 593; V. 78, p. 701.
:
STREET RAILWAYS.
Oct.. 1904.|
BALTIMORE, MD.
RAILWAYS
& ELECTRIC
UNITED
Trolley road.
BALTIMORE—
OF
1899.
Organization—Incorporated at Annapolis March
CO.
Com-
4,
prises all the passenger railways In Baltimore City and Baltimore
County and lines extend Into Anne Arundel County and Howard
County. Through the consolidation of the two roads named and
various prior consolidations with those roads, embracer the following:
Elliootts Central Railway Company.
Baltimore Catonsville
Gwynn's Falls Railway of BaltiMills Passenger RB.
more City.
Baltimore City Passenger Ry. Co.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Pimlioo & Pikesvllle RR.
Baltimore & Curtis Bay Ry.
Balt.Gardensvllle&BelairEleo.Ry. Shore Line Electrio Ry.
Baltimore Northern Eleo. Ry. Co. Wal brook Gwvnn-Oak&Powhatan.
Also owns all the stock, and holds a lease, of the Baltimore Spar-
&
&
The company likewise controls by
<fe Chesapeake Ry. Co.
ownership of stock the York Road Turnpike, the Charles Street Ave.
Turnpike, the Harford Turnpike and the Bait. & Jerusalem Turnpike.
Formerly owned the $2,000,000 common stock of the United Electric
Light dk Power Oo. of Baltimore, comprising the electrio-llghting plants
of Baltimore, but In Jan., 1903, sold the same, together with its holdings of the stock and bonds of the Mt. Washington Electrio Co., for
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and which is supposed to have close affiliations with those
controlling the 8usq. Eleo. Power Co. V. 75, p. 1158 and V. 76, p. 160.
The Susquehanna Eleotrio Power Company is building a plant near
Peach Bottom, Pa. capable of developing 40,000 horse-power, of which
one-half has been contracted for by the United Railways & Eleotrio Co.
Date. Interest. Outst'nd'g. Div.or Matu'y
STOCK db BONDS—
rows Point
,
Common
stock, $24,000,000,
&
$15,000,000
Preferred,oum.,$14,000,000,
1903,2
05
par, $50
Ino.M.,g.,$l 4,000,000,cum., 1899 4g. J.&D. 13,935,695
1949
tax free, Maryland Tr. Co. Payable at option after March 1, 1949
par,
$50
1
•
c*($l,000)
I
1st con. M., g., $38,000,000
($1,000); Continental Tr.
c'
Co., Baltimore, trustee.
1
Int. at Alex.
Brown
<fe
8ons, Baltimore.
1899 4g.M-S a25,231,000 March
Interest at Alex.
Brown &
1,
1949
Soils, Balti-
more.
Oar Trusts $350,000 gold) 1904 5g. A-0
($1,000)
»
S
350,000
See text.
Int at Fidelity Tr.&Dep. Co.,Balt.,Trus.
UNDERLYING SECURITIES.
Traction—1st ($1,000) ) 1889 5 M-N 1,500,000 Nov. 1, 1929
M., Tr. Mercantile Tr. & > Interest at National Mechanics' Bank,
Deposit Co
o) Baltimore.
Do N. B. Div.lst ($1,000)58, ) 1892 5 g. J -D 1,750,000 June 1, 1942
g.Trus.,Mer.Tr.&Dep.Co.o 5 Int. at National Mechanios' Bk., Bait.
Do Conv'tlbleg. bonds (not) 1896 5 g, M-NJ 527,000 May 1,1906
M.) $800,000 red. aft. May > Mercantile Tr. & Deposit Co.. Baltimore,
1,1901, atpar ($1,000). .c*> Trustee. Int. Nat. Mech. Bk., Bait.
City <6 Suburban Ry. bonds— ) 1892 5 g. J-D 3,000,000 June 1, 1922
1st mortgage, g., ($1,000) 5 Int. at Alex. Brown & Sons, Baltimore.
Safe Deposit & Trust Co., Bait., Trustee.
Balt.Oatonsv.<tEllicott sMills')1896 5
J- J
500,000 July 1, 1916
1st M., $500,000 prin. g... [ Safe D. &Tr. Co., Bait., Trustee. Int. at
Bk., Bait.
National
Mechanics'
)
Lake Roland Elevated— 1st ) 1892 5 g. M-S 1,000,000 Sept. 1, 1942
o*<fcr s Int'st at Alex. Brown & Sons, Baltimore,
M., gold ($1,000)
Baltimore Trust & Guaranty Co., Trustee.
Bait. City Pass.— 1st mort.,; 1891 6g. M-N 2,000,000 Nov. 2, 1911
c*' Interest at Nat. Mechanios' B'k, Bait.
$1,000, gold
Safe Deposit & Trust Co., of Bait., Trustee.
Baltimore City Pass.—
Certs, of indebt., $500,-) 1897 4^g. M-N 500,000 Nov. 2, 1911
000, g. ($500 * $1,000) 5 Interest at Nat. Mechanics' B'k, Bait.
41,000 July 1,1912
Central Ry.— 1st M., $600,-) 1882 6 J-J
000, sink, fd., currency... S Subj. to call at 100 in certain am'ts y'rly.
Trustee Baltimore Safe Dep. & Trust Co. Int. at Nat. Mech. Bk., Bait.
M_N
659,000 May 1, 1932
Consol mort
S700 000 )t 1892 6 &-National
*700,000,
Meohanics' Bk., Bait,
Int at
™!*
gold /«??£&
(»i,uuu)
^ Mercantile Tr. & Dep. Co. of Bait. .Trustee.
Ext. and Imp. 1st mort.,) 1897 5g. M-S
600.000 Mar. 1, 1932
$600,000, g., ($1,000) .. > Bait. Tr. & Guar. Co., Bait., Trustee.
National
Mechanics'
Bk., Bait.
Int.
at
>
Bait. <£ North. Elec— 1st M.,) 1897
5g.
$§ 1,250,000 Nov. 1, 1947
$1,250,000, gold ($1,000) > Maryland Trust, Baltimore, trustee.
) Int. at National Mechanics' Bk., Bait.
§§ Of these only $10,000 are still outstanding; of the remainder
$1,111,000 have been canceled,havlng been exchanged for the United
Railways & Electric Co.'s 4 per cent bonds, while $129,000 are held in
the treasury of the latter to be exohanged at pleasure.
1 Of this issue, $31,000 are held in the treasury of the company to
be exchanged at pleasure.
a This shows amounts authorized, less amounts reserved for underlying bonds, acquisitions, improvements, etc.
Securities— Of the $38,000,000 of 1st consolidated bonds, $25,231,000 have been issued, $12,255,000 have been set aside for the retirement of underlying securities, and $514,000 reserved for betterments, improvements, extensions and expenses of consolidation. In
March, 1899, $18,000,000 of this issue was offered for sale by Brown
Bros, of New York, Philadelphia and Boston, Alex. Brown & Sons,
and Mercantile Trust & Deposit Co. of Baltimore. In April, 1900,
Alexander Brown & Sons took a further block of $3,000,000 of the
bonds, and In March, 1901, the Mercantile Trust & Deposit Co. contracted to take $2,838,000 more, part of which was used to retire the
$1,250,000 Baltimore Traction 6 per cent Ext. & Imp. bonds whioh
Bait.
,
'
I
matured Sept. 1, 1901.
The pref. stock reported above as outstanding is all that remains of
the original issue of $14,000,000, the rest having been converted into
income bonds.
On Feb. 28, 1900, the 50-year 1st con. mort. and also the income
bonds were listed on the Phila. Stock Exchange; the stock, the consols
and the Income bonds are all listed on the Baltimore Exchange.
The car trusts in table above mature $35,000 per annum from 1905
to 1914, both inclusive.
Dividends.— Dividends of *& of 1 per cent were paid In June, 1899,
and 2*2 p. c. in Dec, 1899, and 2 p. c. each six months since to and including Dec, 1903, on both the income bonds and the pref. stock, the
payment on the stock (but not on the bonds) being subject to a deduction of one quarter of one per cent for taxes; payment due June, 1904,
omitted on account of Baltimore fire.
in.
Road— Miles of track, 379; cars, 1,600; gauge, 5 ft.
Report for the year ending Dec. 31, 1903, see V. 78, p. 816.
1901.
1903.
1902.
Car mile runs
24,665,973 24,056,973 23,330,292
Revenue passengers
110,235,977 101,746,407 95,041,947
Transfers
42,788,205 39,363,604 35,342,534
Gross earnings
$5,480,629 $5,041,275 $4,696,629
2,193.175
2.252,133
2,654,2*1
Operating expenses
Net earnings
$2,926,3B8 $2,789,142 $2,503,454
Fixed charges, taxes and dlvs. on
2,493,002
2,708,029
2,637.115
pref. stock
$2l«,35y
^iiui> Surplus for year
$152,027
$10,452
53,405
21,666
90,374
Other Income
m
Balance
$308,733
OFFICERS—Pres, John M. Hood Vlce-Pres George C. Jenkins; 2d
and Gen. Man., William A. House; Sec. and Treas. H. C. McJilton;
,
;
Railways of Baltimore pay a Park Tax of 9 per cent of gross
earnings within old City Limits, and are required to pave between
tracks and two feet on each side.
Street
$205,432
$32,118
505
1
V.-P.
Auditor, N. E. Stubbs.— V. 79,
p. 105, 214,
BALT. SPARROWS POINT
1
Organization—In Jan., 1903, was
(
)
1333.
& CHESAPEAKE
RY.
leased for 999 years to the Un.
Rys. A Electrio Co. of Baltimore, which guarantees the bonds below,
both as to principal and Interest, and also owns all of thelstook. Has
been building a Hue, 40 miles, to connect Baltimore with the Maryland
Steel Works at Sparrows Point and is to be extended along the shore
of Chesapeake Bay, where summer resorts are to be established; road
has been completed to Sparrows Point, 15 miles. V. 76, p. 160, 267.
Bate. Interest.
Outstanding.
Maturity.
BONDS—
STOCK
Stock, $2,000,000
$400,000
1,700.000
1st mort., $2,000,000) 1903 4*3 g.,F.-A.
Feb. 1, 1953
($1,000), guar. prin. > Maryland Trust Co., Baltimore, Trustee.
and int
Go* ) Int. at Alex. Brown & Sons. Baltimore.
Earnings— For caleudar year 1903 (while road was only partly in
operation), gross. $133,034; operating expenses, taxes and lusurance,
$53,735; net, $79,299; fixed charges, $32,446; surplus, $46,853.
OFFICERS— Pr«s.. John M. Hood; Vioe-Pres. and Gen'l Msrr., Wm. A.
House; Sec and Treas., H. C. McJilton Auditor, N. E. Stubbs. V.
76, p. 157, 211, 265.
&
;
(2)
BALTIMORE & LA.UREL ELECTRIC RY.
all owned by United Railways & Electrio Co.
Incorporated in 1901 with an authorized capital stock of $250,000 to
build a line from Baltimore to Laurel, a distance of about 18 miles.
No bonds. At Laurel connection will be with the Berwyn & Laurel
Electrio Co., whioh contemplates a line between Laurel and Berwyn,
the latter a suburb of Washington.
Organization.— Stock
BANGOR, ME.
HAMPDEN & WINTERPORT
OR
BANC
RAILWAY-Trolley
road.
In Sept., 1901, control of this property was acquired by the stockholders of the Public Works Company.
Organization— incorporated in 1897.
Date.
Interest.
Outstanding.
Maturity.
STOCK &Bo*DS$60,000
Stock, $500,000 .$100
5 M-S 15
40,000
Sept. 15, 1917
1st mtge., $300,000)1897
Int. at Old Colony Trust Co., Boston, Trustee.
5
($1,000), gold
Entire projected line, 54 miles; of this Bangor to Hampden, 6'13
miles, operated since 1898. A summer park has since been added.
Earnings year ending June 30, 1904, gross, $27,357; net, $6,009;
interest and taxes, $2,360; balance, surplus, $3,649. President, H.
C. Chapman; Treas., C. D. Stanford, and Gen. Mgr., John R. Graham.
PUBLIC
WORKS COMPANY.-
Organization —Owns and operates Bangor Street Railway, an eleotrio road; also controls the Bangor Eleotrio Light & Power, Penobscot
Water <£ Power and Brewer Water companies. In 1901 the stockholders of this company secured control of the Bangor Orono & Old Town
Ry. and the Bangor Hampden & Winterport Ry. In Nov., 1902, purchased the Old Town Electrio Light Co. and the Old Town Gaslight Co.
&
Authored Outstand'g. Maturity.
$600,000 $600,000
5g.A-0 600,000 600,000 Apr. 1, 1929
)
Int.
Old
Colony
Tr. Co., Boston, Trustee.
at
$1,000
J
ROAD—Owns road in Bangor to Brewer, etc, 98 miles of track.
Annual Report— For years ending June 30 earnings of Bangor
Street Railway have been
1903.
1904.
1903
Tr end.June30. 1904.
*$20,522 $7,667
Gross earnings.. $86,791 $74,876 Surplus
984
32,083
19,458 Tot. def. June 30
1,413
Net earnings
11,561
11,791
Interest, etc
STOCK
BONDS—
Interest.
Stock, $100
1st, gold, 1899 c* $500,
I
j
* Of this amount, $20,093 was written off for depreciation.
OFFICERS—President, C. F. Woodard, Bangor, Me.; Treas. and Geo.
Man., John R. Graham.— V. 61, p. 795.
ORONO
BANOOR
Y—A
WA
& OLD
Stock $125,000(par $100)
1st M., $125,000, gold.... 1895
Bills payable June 30,'04.
See
6 g.
trolley road.
TOWN
RAIL-
This property has been acquired by the stockholders of the Public
Works Company, but nothing yet done in the way of consolidation.
Organization— Began operations July, 1895. Cars run over Bangor
Street Railway to State Street, thence over own line through the villages of Veazie and Orono past the State College to Old Town, 14^
miles, 2 miles in Bangor; total, 162 miles of road and 16*7 m. of track.
Date.
Interest.
Outstanding.
Maturity.
STOCK & BONDS—
text.
M&S
$125,000
125,000
94,461
Bonds— Are subject to call after March 1, 1905, at 105.
DIVIDENDS—From April 20, 1896, to June 30, 1898, 1 p.
in 1897-98, 8 p. c;
none
See text.
Mar. 15. '15
c.
monthly;
since.
EARNINGS—Year ending June 30, 1904, gross, $61,910; net, $20,and taxes, $13,243; surplus, $7,190.
OFFICERS— President, J. Fred. Webster; Secretary, A. J. Durgln;
Treasurer, F. D. Oliver; Genl. Manager, John R. Graham.
433; interest
PENOBSCOT CENTRAL
RY.-TroUeyrotd.
Interest on the bonds was defaulted Dec, 1903. See V. 78, p. 2443.
The road is to be sold under foreclosure on Nov. 1, 1904, and it is
planned to organize a new company and extend the road to Foxcroft
and Dover. See V. 79, p. 1266
Organization— Organized in 1897. Franchises perpetual carries
freight as well as passengers.
CuUtanding. Maturity.
Date.
Interest.
STOCK
BONDS—
Stock, $250,000 ($100)
$250,000
1st mortgage, $250,000)1901
Dec. 2, 1921
5g.,J-D
250,000
gold ($500 &$ 1,000). c* 5 Int. at State Street Trust Co., Boston, Trus.
Road— Bangor to Charleston. 26 miles. Operates 7 motors, 4 open
passenger, 2 trail, 10 flat and 12 box cars.
OFFICERS—Pres. and Gen. Mgr., F. O. Beal; Treas., F. H. Small;
Supt.. F. A. Hunt; Clerk and Legal Adviser, E. O. Ryder, Bangor, Me.
Aud'r, C. A. Clough-V. 78, p. 2443; V. 79, p. 1266.
;
&
BARRE, VT.
BARRE
&AMONTPELIER
POWER &TRACroad.
TION CO-—
trolley
&
BONDS—
Date. Interest, Outstand'g. Maturity.
Stock, $150,000, par $25
$120,000
100,000 Nov. 1, 1917
1st M., gold, $100,000 ($500 < 1897 5 g.M-N
each), not subj. to call, .c* ( Int. at Am. Loan & Tr.Co., Boston, Trust.
Earnings— Fiscal year ending Sept. 30, 1903: Gross, $35,164; net,
excluding interest, $8,604.
Road— Barre to Montpelier, Vt., 9*3 miles, opened Jine 30, 1898.
Officers— Fres., J. J. Flynn, Burlington, Vt.; Vice-Pres., Aset.
Treas. and Sec.H. K. Bush, Barre, Vt Treas..
O. Humphrey.
STOCK
;
A
STREET RAILWAYS.
1506
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANYOrganization— Formerly operated the street railway in Beatrice, 7
mllep, but this has since been given up and there is no street railway
in operation any longer in Beatrice. The Beatrice Electric now does
only an electric lighting business.
BEAVER FALLS, PA.
BEAVER VALLEY TRACTION-A
trolley road.
June 29, 1891, and owns
entire capital stock of Beaver Valley St. Ry. Co. and of Central Elect.
purchased
Aug.
St. Ry. Co.,
8, 1891, operating them as one road under
999-year lease. Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000, and then
purchased the stock and property of the People's Electric Street Ry.
of Rochester, the College <fe Grandview Electric Street Ry., the Rochester & Monaca Electric St. Ry. and the Beaver & Vanport Electrio
St. Ry.; also owns entire capital stook of Rivervlew Elec. St. Ry. Co.,
the Freedom & Conway Elec. St. Ry. Co. and the Van Port Eleo. St.
Ry. Co none of which have any separate bond Issues. In Jan., 1902,
authority was given to increase stock from $1,000,000 to $1,500,000.
Organization— Incorporated
in perpetuity
,
STOCK
&
BONDS—
Bate.
Maturity.
Outstanding.
$1,075,000
Interest.
St'k ($1,500,000) par $50
July 1,1911
150,000
1st mortgage, $150,000, J 1891 6g.J-J
c (Int. at Union Tr.Co., <rw*<ee,Pittsb'gh,Pa.
gold
Oct. 1, 1915
2dniortgage,gold,($500M 1895 6 g. A-O
100,000
c* (Int. at Union Trust Co., trustee, Pittsburgh.
$100,000
1900 5g.
675,000 Oct. 1, 1950
1st con mortgage gold (
«i
nnn non <*i
ooof «*' \ Int at Pa Co for Ine on Live8 & Grant > •
(*i,ooo)..c
$1,000,000
^ Annuitle8| Phiia., Trustee.
500.000 Nov. 1, 1953
Gen. ttort.. gold, $3,000,- > 1903 5g. M-N
o* s Int. at. Northern Trust Co., Phila., trustee.
000 ($1,000)
Bonds- Of the bonds of 1893, $100,000 mature in instalments as indicated in the table, and the remaining $800,000 mature Mar. 1, 1923.
Of the $900,000 authorized $200,000 are reserved to retire the 6s of
1910 at maturity.
Of the new bonds of the Blnghamton Ry. Co., $1,150,000 were issuable against the retirement of corresponding amounts of prior lien
bonds, $150,000 were issuable immediately, $200,000 upon oertain
specified conditions and the remaining $1,000,000 only upon the written request of 51 per cent of the stock and consent of State RR. Commission. The requirements as to this last million were complied with
in Jan., 1904 (V. 78, p. 701). The bonds are subject to call after
Nov. 1. 1911, at 110 and interest.
Dividends— 2 p. 0. was paid Jan. 31, 1902; 2 p. 0. March 3, 1903, and
2 p. 0. April 11, 1904.
Road— Operates 43-75 miles of track. Connects Blnghamton with Lestershire, Hooper, Endicott, Union and Port Dickinson. An extension
to Owego is proposed. Standard gauge, 48-lb. to 94-lb. T and girder
rail; 72 motor oars and 40 trail oars.
Latest Earning?, Jan. 1 to Aug 31, in 1904: Gross, $170,102; net,
$78,847. In 1903: Gross, $161,659; net, $75,184.
ANNUAL REPORT—Figures for years ending Deo. 31
Int., taxes, etc. Bal.,sur.
Net.
Gross
$75,022
$36,190
$111,212
$238,537
65,648
23,314
88,962
211,127
OFFICERS—President, G. T. Rogers; Vice-President, Geo. E. Green;
Secretary, J. M. Johnson; Treasurer, H. C. Hardie; General Manager
and Purchasing Agent. J. P. E. Clark, Office, Binghaniton, N. Y.— (V.
V. 73, p. 1263, 1312 V. 77, p. 247; V. 78, p. 342, 701).
1903
1902
;
A&O
-
M
People's El. St. Ry. 1st
People's Eleo. Street Ry.
-
6
6
J
-
MAN
1912
50,000
25,000 Feb. 20, 1915
F&A
1,
2d mort
I Interest at Union Trust Co. Pittsburgh.
Loans June 30. 1904, $235,000.
Bonds— Of the $1,000,000 consols, $325,000 are reserved to
retire underlying bonds. Bonds are redeemable at no and accrued interest. Of the new general mortgage for $3,000,000, $1,000,000 are
reserved for prior liens and the remainder for extensions and improvements at 75 p. o. of cost. The new bonds are redeemable in any
amount at any time at 1 10 and interest. Both consol. and gen. mort.
issues were placed by Graham & Co., Phila.
Road— Owns and operates 32 miles of track, connecting the various
towns and boroughs in the Beaver Valley, from Morado Park southerly via Beaver Falls to Beaver and Van Port and to Rochester and
Conway. Laid with 90-lb. and 73-lb. girder rails. Extensions planned.
Owns 50 cars, with street sprinkler and snow-sweeper.
EARNINGS— For flsoal year ending Sept. 30, 1903, gross, $227,409;
,
net, $101,202; charges, $70,414; surplus, $30,788.
OFFICERS— President, Sydney L. Wright, Philadelphia;
Treas., Walter T. Bilyeu; General Manager, Gaylord
Beaver Falls.— V. 76, p. 971; V. 77, p. 1224, 2158.
Seo'y and
Thompson,
BELLINGHAM, WASH.
COUNTY RAILWAY & LIGHT
WHATCOM
CO-— A
trolley road.
Organization— Incorporated in New Jersey on Nov. 26, 1902. Controls the entire street railway and gas interests of Bellingham and the
entire electrio lighting and power business of Fairhaven section of
the city.
Franchises average 36 years from Jan.
STOCK & Bonds—
Common, $750,000, ($100.)
Date.
Interest.
1, 1904.
Outsland'g.
Maturity
$750,000
199,000 Sept.'04, 3%
510,000 Nov. 1, 1932
6%, n. c, $100, )
fi
m <*"
°
$300,000
s
5g. M-N
1st mortgage, $750,000 ) 1902
Int. at City Trust Co., Boston, Trustee.
o* s
gold
Stock and Bond.*— Preferred stocK is redeemable at 110; $240,000
of the bonds are reserved for improvements and extensions at 80 p. o.
of cost. A sinking fund of 1 per cent of bonds outstanding after
1908 Is provided, and bonds purchased are to be kept alive.
Bonds subject to call any Interest date as a whole at 105 and interest.
Dividends— First semian. div. on pref., 3 p. a, March 1, 1904, and 3
p. o. was again paid on Sept 1, 1904.
Earnings— For 12 months ending July 31,1904, gross, $161,554;
Pref.
net, $54,043; charges, $24,210; surplus, $29,833.
Road— Operates 16"23 miles of track.
OFFICERS— Pres., Chas. D. Wyman; Vice-Pres., J. W. Hallowell; Sec,
Sec, Henry R. Hayes; Treas., A. Stuart Pratt; Gen'l Mgrs. and Transfer Agents, Stone & Webster, Boston, Mass.— V. 78, p. 990.
BIDDEFORD, ME.
BIDDEFORD & SACO RR.—An electrio road.
Organization— Incorporated Feb.
BIRMINGHAM, ALA.
BIRMINGHAM
RY. LIGHT & POWER1901, of the Birmingham
Consolidation on June
-
May
19, 1887.
Owns and
operates 8
miles of road between Saco, Blddeford and Old Orchard Beach.
Date. Int'st. Outsland'g. Maturity.
Bonds—
STOCK
$100,000 3%Oot.,'03
Stock (par $50) ($100,000 auth.)
Junel, *40
1st mortgage *300,000 ($1,000) ) 1900 4 g.J-D 150,000
No a. f. but can be > Interest at Portland Trust Co.,
gold c*.
Portland, Me., trustee.
)
called in 1920
$22,000
Notes payable June 30, 1904
Interest, etc. Dividends. Surp.
Net.
Trs.end. June 30. Gross.
$15,889
$7,563
$3,000
$58,498
$5,326
190304
7,126
13,632
2,487
56,991
4,019
1902-03
16,915
6,943
48,870
9,972
1901-02
Officers— President, C. H. Prescott, Biddeford; Secretary and
Treasurer, E. F. Lord.-V. 70, p. 1048; V. 73, p. 494.
&
BINGHAMTON,
Aggregate Population Direcdy
[Vol. lxxix.
13,
Organization—
Gas Co., the Consolidated Electric Light Co. and the Birmingham Ry.
Light & Power Co. Comprises all the street railways, gas and electrio
Franchises perlight plants of Birmingham and Jefferson County.
petual.
In June, 1903, a new steam heating plant was put In
operation. Owns and operates the Bessemer, Ala., Eleotrlo Plant.
In 1904 company made a new general mortgage for $10,000,000
and holders of the old 5 p.c. bonds were given the privilege to make exchange on the basis of 110 in new bonds and 3»9 p. 0. in cash. V. 78
p.
259S.
STOCK
&
Bonds—
Com. s'k, $100, $3,500,000
p
8
k $
6p
:.°1
?2% oTo oo
B'ham Ry. & El. 1st M. )
c^
Date.
Interest.
1894
5g.
Outstanding. Maturity
July,'04,2%
$3,500,000
2 500 000
™y.'<>4,3%
w.
.
'
.
1,190,000 July 2, 1924
g., $1,250,000, $1,000. 5 Int. at Birmingham Trust & Sav. Co., Trustee.
1901 5g. J.-J.
2,750,000 July 1, 1951
Rii-m^'hom tut
y Tt a, p. f Int at ° ld Colon
'$6 0^)0 I
y TrU8t Co., Boston,
IsT fon
«* Trustee, or at Com. Nat. Bank, New Orleans,
nnn
nnnV gold..
Jk\A .o
000 ?«i
($1,000)
[
or at LadenDurgt Thalmann & Co., N. Y.
41 » S
$2,560,000 Apr. 1, 1954
Gen
ref *10 000-< 1904
M
J-J
-
I
M:'
b
AO
m nmi
Int at Commercial Tr. & Sav. Bk., New Orl..
Truste6f or at N.y.Security & Trust Co., N.Y.
Bonds- Of the new $10,000,000 mortgage $2,000,000 have been exchanged for old bonds and $560,000 sold; mortgage gives authority to
retire remaining prior bonds at 110, and also allows enough more
bonds to be issued to yield 3^ p. c. in cash. See V. 79, p 680. The
bond* are subject to call on and after Apr. 1, If 09, at 105 and interest;
$12,500 per annum is payable into a sinking fund on the 1st 5s
of 1894. Of the mortgage of 1901, $1 ,250,000 was reserved to take
up the $1,250,000 Birmingham Ry. & Electrio issue. Entire issue of
these bonds may be called after 5 years at 110 and accrued interest.
Dividends— First div.on pref. stock of 3 p.c. paid in Jan., 1902; July,
IS 02, 3 p. c. In 1903, 6 p. o. In 1904, 6 p. c. First div. on common
stock, 11^ P- 0., July 1, 1903. In 1904, Jan., 1*3 p. c; July, 2 p. c.
nnn
ooo,
«. <
g. (!>i,uou).... o
£
Earnings.
-
For calendar years
1903.
Gross earnings
$1,311,852
Operating expenses
707,699
Net earnings...
Road— In
1902.
$1,076,767
583,550
1901.
1900.
$931,539
488,206
$793,014
451,059
$493,217
$443,333
$341,955
$604,153
October, 1904,
owned and operated 112 miles
of track
in city of Birmingham, and extending also to Bessemer, Pratt City
and Ensley; various extensions in progress. Standard gauge 70 to 86
lb. T and girder rails. Operates 112 motor cars, 41 trail oars and 19
freight cars.
OFFICERS— President, Robert Jemison, Birmingham; Vice-President
A. H. Ford, New York; Vlce-Pres. and Gen. Mgr., J. A. Emery; Seo'y.
J. P. Ross; Treas. and Aud., CO. Simpson.— V. 78, p. 988, 1222,2598;
V. 79, p. 680.
BLOOMINGTON,
ILL.
BLOOMINGTON & NORMAL RAILWAY
road. PopuELECTRIC & HEATING CO--A trolley
lation served, 35,000.
Organization— Inc. inl902 In Illinois as a'consolldation of the Bloomlngton Electrio Light Co., the Bloomington & Normal Ry. and the
City Distriot Heating Co. Comprises all the street railway lines In
and between Bloomington and Normal. Also furnishes electrio light
and power in Bloomington and Normal, hot water heat for business
houses and residences and oompressed air for various purposes*
Principal franchises perpetual.
Date. Interest. Outst'd'g.
Maturity.
Bonds—
Stock
Stock, $600,000, $100
$500,000
&
First mortgage $600,000)1902 5g. J-D
575,000 June 1. 1927
Sav. Bk., Chloago, Trust.
($1,000) gold, s. f ....c* S Int. at 111. Tr.
Bonds— $25,000 bonds are reserved for extensions and improvements. Bonds are subject to call at 110 and interest. Sinking fund,
&
$10,000 annually, beginning with 1908.
Strike— car men faile" to return to work Jan. 1, 1904, but oompany
hired non-union men; strike was declared off Aug. 5, 1904, and boj cot*
raised.
N. Y.
Served, 60,000.
trolley road.
Organization— This is a consolidation, under date of Deo. 6, 1901,
of the Binghaniton Railroad Co. (chartered Aug. 11, 1892, as a consolidation of all the street railways in the city) and the Blnghamton
Union RR.
Lestershire
Dale.
Interest. Outstanding.
Maturity
Bonds—
Stock
$792,740 Apr., '04,2%
Stock, $1,150,000, par $100
200,000 Apr. 1, 1910
6 A-O
Blnghamton Street RR. \ 1890
Metropolitan Trust Co., N. Y„ Trustee.
1st mort. $200,000
J
50,000
1908-1917
Blnghamton RR. Co. M.,
($5,000 due yearly Mar. 1.)
$900,000, g. $1,000. .c*
1918-1922
50,000
(See text) Interest at Met- > 1893
($10,000dueyearlyMar.l)
tropol.Trust Co., N. Y.,
Trustee.
J
I $589,000 due Mch. 1, '23
5gJ-D
$160,000 June 1,1925
Blng. Lest. & Un. 1st M. ) 1895
$250,000) gold, prin- > Interest at Metropolitan Trust, N. Y.
Blnghamton Trust Co., trustee.
)
clpal and int. guar
BINGHAMTON RAILWAY CO--A
Earnings— For year ending May
Road— 23 miles of trolley traok, 70, 60 and 45
of
f
5gJ-J^
$413,000 Nov. 1, 1931
5 g M-N
Blng.Ry.lstConsol. Mort. > 1901
($2,500,000) gold, ($l,-> Interest at Fidelity Trust Co., Buffalo, True.
o* ) tee, or Seaboard National Bank, New York.
000)
lb. rail.
Private right
way between Bloomington and Normal.
OFFICERS— President. A. E. DeMange; Vice-President. John Eddy;
Sec. and Treas., J. F. Evans, all of Bloomington, 111.— V. 74, p. 1253.
BLOOMSBURG,
&
&
31, 1903, gross, $158,664; net,
$71,242.
PA.
COLUMBIA & MONTOUR ELECTRICRY.Organization— Incorporated in Pennsylvania in 1892.
Dale.
Interest. Outsland'g.
Maturity.
STOiK & Bo >ids—
Stook, $375,000 ($50)
1st mort., $375,000,
$375,000
1901
Oot.. '04,
2%
1931
($500 and $l,0u0).c&r 5 Int. atComtuouweelthTr.Co..Harrl8b.,trust.
Earnings— For fiscal years ending Jure 30 (In 1904, owing to
floods, road was not In operation from Jan. 24 to April 20.):
Year.
g.
Gross.
)
5
Net.
g.
J-J
.^49,000
Fixed charges.
Surplus.
$18,8='2
1904
$58,947
$29,925
$11,073
61,033
15,817
1903
32,635
16,818
Dividends— First dividend— 2 p. 0.— was paid Oct., 1903; also 2 Oot.
1904.
1507
STREET RAILWAYS.
Berwlok and
traok from Bloomsburg
SUBURBAN ELEC. COMPANIESBOSTON
system.
18
Catawiesa.
Stand- — A
Oct.. 1904.]
to
road— Operates 13 miles of
"* miles.
Total,
5*a miles from Bloomsburg to
ard gauge. 56-lb. T rail. An extension of 6 miles towards Orangeville and Light Street is proposed.
Officers— President. H. F. Meyers; Vioe-Pres.. E. B. Sponsler; See
and Gen. Man., D. G. Haokett; Treas , W. M. Oglesby.
BOSTON, MASS.
BOSTON ELEVATED RAILWAYOrqanization— Charter,,granted in 1897, provides for an extensive
system of free transfers. The company also, in addition to regular
street railway taxes, has to pay on all lines owned, leased or operated
by it 78 of 1 per cent of gross income and a sum equal to the exoess of
the dividends over 6 per cent. Its charter, however, is understood to
" grant it exemption from reduotion of fares, and also other Immunities."— (Son Massachusetts BB. Commission, V. 65, p. 1223.) Oars are
run with electricity by the "third rail" system. V. 67, p. 818. Six
miles of elevated road opened in June, 1901; in August, 1S01, put in
operation the Atlantio Ave. Loop Division.
Lease of West End and Subway and Tunnels.— The West End Street
Ry. is leased until June 10, 1922.
In Dec, 1896, the West End Street Ry. leased the right to use the
Boston Subway. See terms under West End 8t. Ry.
In 1904 the East Boston tunnel was leased by the Boston Elevated
Ry. for a rental of 3 s per cent of earnings of all lines owned, leased
or opera* ed.
On June 28, 1902, Washington St. 8ubway bill became a law. The city
to construot a tunnel for Elevated trains and lease same to the Boston
Elevated Ry for 25 years at a net rental equal to 4*2 P- c. on the net
Proposition was ratified
cost, estimated at $4,000,000 to $8,000,000.
by voters at the Dec, 1902, election. V. 75, p. 28, 496, 1315. On Nov.
Is
19, 1903, the Railroad Commission deoided in favor of the company
in its contention for the Washington St. tunnel, as against the Devonshire route seleoted by the Rapid Transit Commission. V. 77, p. 2097.
All necessary legislation has now been secured.
On April 29, 1903 leased from the Old Colony Street Ry. all that
company's tracks in the city of Boston, amounting to 23*753 miles.
The lease is for 99 years and provides that besides paying taxes the
Elevated Co. will pay 6»« per cent of replacement value (appraised
at $353,979, less the rental of certain short pieces of track appraised
at $13,866) of the property leased as of date Feb. 16, 1903, and 4 per
cent on the cost of all additions and betterments.
Damages from Noise.— In Aug.. 1902, Judge Mason, in the Superior
Court at Boston, held that the company is liable for damages from
noise caused by the operation of trains. V. 75, p. 496. This was
affirmed April, 1903, by Massachusetts Supreme Court. V. 76, p. 809.
STOCK — Capital
stock outstanding (amount authorized is $15,000,$13,300,000 (shares $100), $3,300,000 having been sold at
$155 per share in 1902. First dividend, ZH per cent, was paid Aug.
15, 1898. V. 67, p. 221. In 1899, 5H p. c; in 1900, 4** p. c; in 1901,
5* p. c; in 1902, 6p. c; in 1903, 6 p. c; in 1904, Feb. 15, S p.c; Aug.
15, 3 p. c.
The company has no direct bonded debt.
Annual Report—Beport of Boston Elevated Ry. for year ending
Sept. 30, 1903, V. 78. p. 100. For 1902, V. 76, p. 99. For 1901, V. 74,
p. 91. For 1900, V. 71, p. 1165.
*
1902-1903.
1901-1902.
1900-1901.
'233,563,578 222,484,811 213,703,983
Revenue passengers
45,999,999
47,688,487
43,824,879
Car miles run
$11,959,515 $11,321,030 $10,792,994
Gross earnings
3,456,395
3,699,654
3,458,458
Net earnings
59,857
76,503
Interest on deposits
$3,458,458 $3,532,898
$3,759,511
Total net
Deductions
$644,616
$625,767
$575,551
Interest on West End debt
513,207
501,762
509,780
Taxes, West End
244,704
287,421
312,043
Taxes, Boston Elevated
103,214
99,059
94,439
Compensation tax
148,611
197,892
198,993
Rental of subway
1,147,950
1,147,950
Dividends on West End stock. 1,163,849
9,180
9,180
9,180
Other rentals
120,000
Depreciation fund
1,127
....
..
Misc. interest
$621,898
$636,539
$826,955
Balance
Dividend
(6%) 798,000(6%)600,000(5V/o)575,000
$61,539
Surplus for year
$28,955
$21,898
* Also 130,000,000 (estimated) free transfer passengers.
000)
is
—
Road—Sept.
Miles.
30, 1903.
Mainline, lsttr'k(6»a m."L")214'a
Miles.
378Jfl
Owned.by West End
Leases,tr'kage,etc(16m."L") 59
2dtr'k(6V»m."L").175
48
Sidings, Ac (3 m. "L")
do
Total (16 m. "L" track)
437*2
415
Electrically equipped
Weight of girder rail is 70 to 100 lbs. Cars, 3,314; horses, 279; electric motors, 4,596; snow plows, 290; snow sleds, 551; miscellaneous
vehicles. 538.
OFFICERS— President, William A. Bancroft; Vice-President, Charles
8. Sergeant; Treasurer, William Hooper; Secretary, John T. Burnett;
Auditor, H. L. Wilson—
77, p. 2097, 2279; V. 78, p. 100.
Total (16 m. "L")
437*2
V
Companies Controlled by Boston Elevated Ry. Co.
(1)
WEST END STBEET RAILWAY—A trolley road.
1898. See terms in V. 65, p. 570.
In December, 1896, leased the right to use the subway at 4 7s per cent
of the net oost of subway, stated approximately as $5,786,000 in
September, 1898, when the third and last section was opened. Entire
length is 123 miles, with a trackage of about 5 miles. SeeV. 63, p.
1065, 1117; V. 67, p. 528.
In Aug., 1904, issued $150,000 additional stock to pay for improve
ments. etc See V. 79, p. 214, 787. In Sept. 1904, was authorized to
issue $750,000 additional bonds of 1932, bringing amount up to
$5,009,000.
Date.
Outstand'g Lastdiv., <6c.
Interest.
STOCK AND BONDS—
A.-O. $9,689,250 Oct., '04, 3**
Common stook ($50)
7
Preferred stock (par $50)
6,400,000 July, '04, 4%
8
J.- J.
Gold bonds of 1894
1894 4*2g.M.-8.
2,000,000 Mch. 1,1914
6
G d
May 1916
G
1,
^ 27 5?000, notmo
rt.. }
1896
4
g.
M.-N.
815,000
1,
~
2,700,000 Feb. 1, 1917
$2,700?000not rn^rt.o \ 1897 4 «• F A
F.-A.
4,743.000 Aug. 1,1915
Cur. bonds, c, $1,000, > 1900 4
Interest at Old Colony Trust Co., Boston.
not mortgage
>
1902 4
F.-A.
5,009,000 Aug. 1, 1932
Bonds 0* ($1,000)
Interest at Old Colony Trust Co.
500,000 Jan. 1, 1907
J.
J.
Boston Consol. St. plain... 1887 5
M.-N.
1883 5
200,000 May 1, 1905
South Boston, plain
OFFICERS— President, Joseph B. Russell; Treas., Parkman Dexter.
INDEX-V. 78, p. 989, 1225, 2600; V. 79, p. 105, 214, 271, 502, 682,
-
787, 1267.
(2)
to"
SOMERVILLE HORSE
West End Street Railway
Btook.
RR— Owns 8*04 miles of traok.
for $9,180 yearly, 6
Dividends are payable (M&N) In Boston.
p. 0.
Newton & Boston
&
Ry. Co., Lexington
Boston St. Ry. Co., Ndtick
By., South Middlesex Street Railway, Natlok &
Needham Street Railway and Westboro & Hopklntou Street Railway. The entire issues of the stock of these roads have been
aoauired. In 1902 scoured entire ($235,000) capital stock of the
Waltham Gas Light Co.; V. 74, p. 377. [The Waltham Gas earned
$185,920 gross, $49,910 net, and $25,602 surplus above dividends
in year ending June 30, 1904.] In 1902 also purchased Norumbega
St.
& Coohituate Street
Park and Lexington Park.
STOCK.— Shares have no par value, but in case of liquidation the
preferred shareholders will be entitled to $100 per share, with ao-
orued dividends the oommon shares participating pro rata In the
remaining assets. (See V. 73, p. 1159, 1263.) On Oot. 15, 1903, shareholders authorized the borrowing of $1,500,000 for one year or until
market conditions improve so as to permit trie sale of the unissued
portion of common and preferred stock. ""The money was used to
purchase $185,000 new stook of the Newton Street Ry. at $125 per
Share and to pay for the acquisition of the Natick & Coohituate, the
Westboro & Hopkinton and tbe South Middlesex Street Ry. V. 77, p.
1224. Stookholde-s voted on June 10, 1904, to issuA 15,848 shares of
preferred ant 15,848 shares of common stook, In addition to the
amount reported below as outstanding, to take up all floating debt.
The new stock was offered to shareholders at $66 67 for one snare of
pref. and one share or oommon j dntly, payments to be in instalments,
the last to be in October. V. 78, p. 2*41.
;
Dale.
Bate.
Common
stock, $5,000,000
00 4
k
5
Pr f
p! c.t°m \$\ 6or.'. . :. i
Ouistandi'g.
Dividends,
$3,194,900
±Q"J 3,101,100 Oct. 15/04AK
Road.—Companies owned and controlled operate in the aggregate
about 141 miles of track from Needham on the south to Lowell on the
north, and connecting at six points with the tracks of the Boston
Elevated By. At Westooro connection is made with the Worcester
Consolidated and a through line of cars is to be inaugurated between
Worcester and Boston.
Dividends.— First of 1 p. 0. on pref. paid Apr., 1902; also 1 p. c. July,
1902, and 1 p. 0. Oct., 1902. In 1903, 4 p. c.
In 1904, Jan., 1 p. c;
April, !fl p. c; July, H p c; Oot. *2 p. 0.
REPORT— For fiscal year ended Sept. 30, 1903: Income, gross, $156,587; net, $154,330; dividends, $119,952; surplus, $34,378.
OFFICERS— President. Adams D. Claflin; Vice-President, Wm. F.
Hammett; Treasurer, Frederick H. Lewis, Secretary, Jerome G.
Smith.—V. 76, p. 751; V. 77, p. 1224, 1873; V. 78, p. 1222, 2383, 2441.
(
I
LEXINGTON & BOSTON STREET RY—Trolley.
)
ORGANIZATION—Incorporated
May, 1900.
Date.
STOCK &, BONDS—
in June, 1899.
Interest.
Operation begun In
Outstanding.
Maturity
Stook, $525,000 ($100)
$525,000 In 1902-3 3^,
4*2 g.A-O.
350,000 Apr. 1, 1920
1st mtge., $500,000 ) 1900
0* ) Interest at Beacon Trust Co., Boston, Trustee.
gold ($1,000)
Bonds are Bubject to call before July 1, 1905, at 110, then until
July 1, 1910, at 107 1!--, and thereafter at 105. Of the $500,000 authorized, $150,000 are reserved for extensions, etc
ROAD— Owns and operates 27*67 miles of track, leases 5 miles, total,
33 miles, extending from Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to Billerica, where
cars go through to Lowell without change, and also to the Sullivan
Square, Charlestown, Sation of the Boston El. By with branches to
Waltham, to Concord and to Woburn; laid with 90 ^ lb. girder rail and
,
60 to 70 lb. T rail; operates 116 motors, 17 box and 31 open oars;
48 oars; 6 snow plows.
total,
EARNINGS—Year
to Sept. 30, 1903:
charges, $31,633; div
1903, $17,108.
,
Gross. $164,690; net, $39,537;
$19,687; def., $11,783; total sur. Sept. 30,
NATICK & COOHITUATE ST.
(2)
RY.-Trolley road.
Organization— Stock, $100,000,<par $100. No bonds. Dividends—
In 1898-9 to 1902 03, inclusive, paid 8 p. 0. per annum. 18 miles
of track. Earnings— Year to Sept. 30, 1903: Gross, $88,922; net,
$16,964; charges, $8,857; dividends, $8,000; surplus, $107.
(3)
NEWTON STREET RAILWAY. -A
trolley road.
ORGANIZATION—Chartered in 1887. In July, 1903, permission was
given to issue $185,000 additional stosk at $125, increasing stock
to $500,000. In Dec, 1903, the Railroad Commission authorized an
issue of $292,000 stook, share for share, for the stock of the Commonwealth Ave. Street Ry. and $115,000, share for share, for stook of the
Welleslev & Boston .St. By. V. 77, p. 2098. In June, 1904, issued
$250,000 bonds of the issue of 1892 to take up debt incurred by expenditures for improvements.
Stock
&
Bonds—
Date. Interest. Outstand'g.
Stock ($907,000, par $100)
Newton St. Ry 1st M.,CUT.,n0t5 -iqqo
1892
Q-J
k t~ T
5
J J
Maturity.
$907,000 In '02-3 6%
ann nnn July,
t„i„ -1010
500,000
1912
subj. to call ($500) $5OOl000j
Interest payable at American Loan & Trust Co., trustee, Boston.
1st mort., $75,000 J 1896 5 g. F-A
$75,000 Feb. 1, '16
0* < Int. at Intern'lTr. Co., Boston/Trustee.
($500), g.
Dividends of 1*2 per cent have been paid each quarter.
Comm. Av.
Organization— Leased to Boston Elevated RR. until June 10, 1922,
at 7 per cent on common and 8 per cent on preferred in addition to the
payment of rentals, interest and other charges. Elevated assumed
possession Jan.
trolley
Organization.—This oompany is a voluntary association formed in
Nov., 1901, on the same lines as the Massachusetts Eleotrio Companies. The companies controlled are the Newton Street Railway Co.,
Leased
on $153,000
Road—Owns from Newton to Waltham, Watertowu, etc., 13*30 miles
track (measured as single); sidings, etc., 0*57; trackage, 2*49; total,
16*36 miles; Commonwealth Ave. St. Ry., 7*62 miles; Wellesley &
Boston St. Ry. 8*66 miles; total operated, 38*24 miles.
Annual Report— For years ending Sept. 30 earnings (before consoldation) were:
1903.
1902.
Gross earnings.$135,303 $134,300
Net
37,172
39,095
Hit., taxes, etc.
31,954
17,884
-V. 72, p. 581; V. 73, p. 843, 1011,
2098; V. 78, 2442, 2599.
1903.
I
|
I
|
(4)
1902.
Balance fordivs.. $5,218 $21,211
Dividends paid... 18,900 18,900
Surplus
def. 13,682
2,311
1112; V. 77,
p. 37, 147; V. 77; p.
NEWTON & BOSTON STREET RAILWAY-TroUey.
Stock
&
—
Date.
Bonds
Stock,$250,000,pr.$100
M.
1st
for $500,000. . < 1892
Interest.
Outstanding.
$200,000
200,000
Maturity.
See text
5 J-J
July 1, 1912
Not subject to call. ( Int. pay'le at Am. L. & T. Co., trustee, Boston.
Dividends— In 1898, 5 p. o.j in 1899, Jan., 1H P. c; in Apr., 1 J4 p. 0.
July, 1899, and since passed.
ROAD—Owns 9% miles of trolley. Operates Newtonville & Watertown St. Ry., 314 miles, under lease of 1897. Total trackage, including
. .
sidings, 20*4 miles.
EARNINGS—For year ending Sept. 30, 1903, gross, $67,150; deficit
under operation, $31,457; interest, taxes, etc., $25,433; balance,
deficit,
(a)
$56,890.
NEWTONVILLE & WATERTOWN STREET RY.— Trolley.
ORGANIZATION— Operates about 5 miles of track. Stock, $50,000; outUnfunded deb" Sept. 30, 1903, $59,650.
debt. Operated by Newton & Boston St. Ry., under lease of
standing, $50,000; par $100.
No funded
1897.
1508
STREET RAILWAYS.
[Vol. lxxix.
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LITTLE
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MAP OF THE LINES
OF THE
MASSACHUSETTS ELECTRIC
COMPANIES
SOUTH SECTION
STREET RAILWAYS.
1510
WtDividends— In 1903, Feb., 3-60
Aug., 3*60 p.
c; Aug., 3'6 p.
p.
o.
In 1804, Feb..
3*65
p. o.;
*5)
SOUTH MIDDLESEX STREET RAILWAY—Trolley.
o.
Maturity.
& BONDS— Date. Interest. Outstand'g.
See text.
Stock ($100)
See below. $100,000
Feb. 1, 1915
5g.F-A
100,000
1st M., $100,000, gold. 1895
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1, 1903, $184,996.
Dividends : In 1894, 6 p. o.; in 1894-95, 2*3 p. 0.; in 1895-96, 4 p. o.;
1896-97, 5'a p. a; 1897-8, 6 p. 0.; in 1898-99, 6 p. c.; in 1900-1, 6 p. e.;
in 1901-02 and 1902-03, none.
ROAD— Owns 13-8 miles of track; rails 45 and 50-lb. T; has trackage
rights over 5*7 miles additional; total operated, 19*5 miles.
EARNINGS—Year ending September 30, 1903, gross, $72,217; net,
$14,107; charges, $14,935; deficit, $828.
STOCK
NEEDHAM
STREET RY.-Is leased to South Mid
(a) NATICK &
dlesex St. Ry. at rental of 4 p. c. on the $50,000 stock and interest on
bonds. Has outstanding $50,100 of 5 p. c. first mortgage gold bonds
due Feb. 1, 1921. Operates 5822 miles of track.
(6)
WESTBORO & HOPKINTON STREET RE-
in 1901, and owns Toad from Westboro
Hopklnton, 6-36 miles. Stock, $40,000, par $100. Bonds, first mortEarnings for year ending
gage, 5 p. 0., $50,000 due Nov. 1, 1922.
ORGANIZATION— Incorporated
to
Sept. 30, 1903, gross, $14,137; net, $2,039; fixed charges, $2,215;
deficit,
$176.
COMPAlight and
MASSACHUSETTS ELECTRIC
NIES.— (See Maps Pages 150S and 15U9.) Electric
street railways.
Organization—Formed in May, 1899. Is not an incorporated
company, but a voluntary association managed by a board of fifteen
trustees, who hold the title to its assets. Messrs. E. Rollins Morse <S>
Bro. and Tucker, Anthony & Co. of Boston, who promoted the combination, in June, 1899, in offering some of the stock for public subscription [$1,000 of preferred and $500 common was offered for
$1,050], stated that "the Declaration of Trust contains strict pro
visions against the creation of any indebtedness whereby any shareholder or trustee can be held to any personal liability." Comprised
originally between 30 and 40 separate properties, but through consolidation there are now only two operating companies, namely the
Boston <fe Northern St. Ry. and the Old Colony St. Ry., besides the Hyde
Park Electrio Light Co. The following is a list of the companies controlled, with their share capital Sept 30, 1903:
COMPANIE8 CONTROLLED SEPT. 30, 1903.
Shares.
Shares.
Boston <fe No. St. Ry. Co.. . 96,600 Hyde Park Eleo. Light Co. 2,875
Old Colony Street Ry. Co 68,126
Total
....167,601
Of the above 167,601 shares, practically all were at the date given
owned by the Massachusetts Elec. Companies The system comprises
eleotric street railway lines in 22 cities and 66 towns in Eastern Massachusetts and Rhode Island. The companies given oover the greater
part of the street railway mileage north of Boston as far as Nashua,
N. H., and Newburyport and Gloucester, Mass., and south as far as
Fall River and New Bedford, Mass., and Newport, R. 1., connecting direotly with the street railway system of Boston. Various eleotric lighting companies doing business in the same section are also included.
BONDS.—The share capital is represented by certificates
STOCK
of participation, which give the owners a proportionate Interest In
the shares held by the trustees. Both classes of shares are reported
exempt from taxation in Massachusetts. Listed on the Boston Stock
Exchange in April, 1901. $5,500,000 preferred stock was authorized
May 29,1902, and sold to a syndicate. This additional stock is included
in total below. [See V. 76, p. 871, for disposition of syndicate holdings.)
For consolidated balance sheet of companies controlled, srt V. 77. p. 2278;
this balance sheet shows $16,760,100 aggregate stock of the controlled
companies, $400,000 stock subscriptions (whloh has since been
returned to subscribers), $13,174,500 funded debt Sept. 30, 1903, and
$2,014,500 notes payable to outsiders.
Date.
Rate. Oulstand'g.
Dividends.
Common stook, par $100)
tul)a , inn
...... ipx*,^»i>,iw/
($14 293 100)
&
{••«
^
b
557,io ,Vp% Iun?.'.?
Pr
r
»«
20,557,400 July, '04, 2<*
*
Ooup.notes$3,500,000,g.,red. ) 1901 4»«g. J&J 2,700,000 Jan. 1, 1906
ona4% basis after Jan. 1, > Int. at Old Colony Trust Company,
'02,on4wks.notice,$l,000.o) Boston, trustee.
The $2,700,000 coupon notes were issued to enable the Mass. Eleo.
Cos. to take $1 ,297,300 new stook of the Brockton Street Railway and
$1,016,000 new stook of the Lynn & Boston. These stooks are deposited as collateral for the notes; $800,000 more notes may be Issued to
purchase any additional stock whloh may be authorized by any of the
constituent companies.
Report.— Report
for year ending Sept. 30, 1903 (see Chronicle
2278), shows reoeipts from dividends $840,738; from
interest on notes, etc., $85,371; total, $926,109; expenses, $14,887;
Interest, $121,500; dividends on preferred stock (4%), $782,215; surplus, $7,507.
Deo. 12, 1903,
p.
consolidated income account of conteolled companies.
30— 1902-03.
1901-02.
190001.
1899 00.
Tear end. Sept.
Earnings
X Expenses
$6,333,911
4,155,909
$6,090,168
3,827,372
$5,778,133
3,915,436
$5,518,838
3,659,337
Net earnings
Charges
$2,178,002
1,331,147
$2,262,796
1,391,239
$1, 862,64s
937,206
$1,859,501
994,294
$846,855
840,233
$871,557
676,390
$925,441
779,462
$865,206
645,545
$6,622
$195,167
$145,979
$219,661
Divisible Income.
Dividends
Balance
xln
1899-00 and 1900-01 taxes were included in operating expenses; in 1901-02 and 1902-03 in charges.
Plant.—The street railways controlled have 810 03 miles of main
line and 854 4 miles of track, and own and operate 1,964 oars, of which
819 are closed and 1,145 open oars; power stations, 23, with a capacity of 40,175 horse power.
Dividends— First dlv. on pref. stock, 2p.o.,was paldDeo.l, 1899, also
2 p. o. June 1, 1900. Dlv. period then changed to J&J and 2>3 p. o.
paid Jan., 1901; July, 1901, 2 p. c; in 1902,4 p. c; in 1903, 4 p.o in
1904, Jan., 2 p. o.; July, 2 p. o.
Officers.— President, Gordon Abbott; Vice-President, Charles E.
Cotting; Secretary, Everett W. Burdett; Treasurer, J. H. Goodspeed, Gen. Manager, P. F. Sullivan; General Auditor, D. Dana Bart
lett.
Executive Committee: Messrs. Gordon Abbott, Charles Franols
Adams, 2d, E. N. Foss, Percy Parker and Philip L. Saltonstall. Office,
84 State St., Boston.— V. 77. p 2278 V. 78, p. 103, 1549, 1907, 2599;
-
-
;
;
V. 79, p. 103, 213, 501. 681, 1462.
Companies Controlled by Massachusetts Electric Companies.
(1)
BOSTON
<fc
NORTHERN STREET RY.— An electrio road.
Boston RR., but on July
Organization—This was the Lynn
The Lynn & Boston
23, 1901, name changed to present title.
RR. was Incorporated under laws of Mass. April 6, 1859. In 1900 ab<fc
[Vol. lxxix.
sorbed the Gloucester
St. Ry. (which, Jan. 18, 1900, had absorbed the
Rockport St. Ry.) and the Wakefield & Stoneham St. Ry., which latter
on Deo. 31, 1899, had absorbed the Woburn & Reading, the Salem &
Wakefield, t»ie Mystic Valley and the Reading & Lowell. In April,
1901, acquired the Beverly & Danvers. In May, 1901, absorbed the'
Lowell Lawrence <fe Haverhill and the North Woburn. The Lowell:
Lawrence & Haven-hill had in Nov., 1900', been consolidated with the
Lowell & Suburban, and the latter had previously received authority
to lease the Nashua St. Ry. On Mar. 2, 1903, absorbed the Gloucester
& Rockport St. Ry., previously leased.
In May, 1903, was granted permission to Issue $2,000,000 stock aft
$120 per share. In June, 1903, also received permission to issue $1,507,000 stock to exchange, share for share, for Middleton & Danvers
stock ($910,000) and for Lawren-e & Reading St Ry. ($597,000)
stock. The Middleton & Danvers had previously absorbed the Haverhill & Andover Street Ry. and the Lawrence & Reading had absorbed
the Reading Wahefield & Lynnfleld Street Ry. In July, 1904, issued
its new $15,000,000 mortgage. See details below.
Interest.
Outstand'g. LastDiv.dtc
Date.
STOCK
Bonds
Stook (par $100)
$9,660,000
In 1903, 5%
Ref. M.. $15,000,000,} 1904
4 g. J-J
1,227,500
July 1, 1954
gold ($1,000)
Int. al Adams Trust Co., Boston, Trustee
o* )
Naumkeag St. Ry. 1st. ..1886
5J.-D.
215,000 June 1, 190ft
Honsol. M. ($1.00O)....1890
711.000 July 1,1910
5 J. -J.
Int. at Knlckerbo©ker Trust Co., N. Y. Manhattan Trust Co., New
York, Trustee.
iiynn Belt 1st
5 M.-N.
1890
100,000 May 1,1910
American Loan & Trust Co., Boston, Trustee.
Essex Electric 1st
100,000 Jan. 1,1911
1891
6J.-J.
Old Colony Trust Co., Boston, Trustee.
Lynn ABost. 1st m.,g.,) 1894 5 g.J. D.
Deo. 1, 1924
3,723,000
$5,218,000, $l,000.c* S Int. at Old Colony Trust Co., trustee, Boston.
Coup, notes, $405,000 1897 6 A. -O.
405,000 April 1, 1917.
Plain Bonds secured by
—
&
Lynn &
Bos. mort. of
1894—
Lynn & Boston, Deb
1887
1892
1887
1890
1891
5 A.-O.
$100,000 Apr. 1,1907
186,000 Moh. 1, 1912
Naumkeag, Deb
5 A.-O.
49,000 Aps. 1,1907
do
6M.-8.
Sept. 1, 1910
24,000
do
6 J. -J.
10,000 July 1,1911
Apr. 1,1907
Glou'ster8t.Ry.lstM.,g ,1887
60,000
5 A.-O.
Interest Is payable at American Loan & Trust Co., Boston, Trustee.
c&Bev.) lg96
125,000
Deo. 1, 1916
5 g j-D
1st M., $125,000 ($1,Int. at Amer. L. & T. Co., Boston, Trustee.
do
do
000), gold
5M.-S.
o*
w
Mar. 1, 1915
5 *M s
150,000
flSS?}iftSSS!SS: { 1895
The last Issue Is redeemable at 105 after March 1, 1900. Lnterest
at American Loan & Trust trustee, Boston.
The Mystic Valley St. Ry. has out $60,000 gold 5s, due Jan. 1, 1919.
The Rockport 8treet Ry. has outstanding $12,500 6 per cent coupon
-
and Ootober, due Oct. 15, 1916.
The Gloucester & Rockport has outstanding $10,000 6% ooupon
notes dated Feb. 1, 1895, and due Feb. 1, 1915.
LOWELL LAWREKCE 4 HAVERHILL.
notes, Interest payable April
Date. Interest.
Outstand'g.
Maturity.
Stock & Bonds—
Was exchanged for Lynn & Boston.
8tock ($100) com
342,000 Apr. 1, 1911
Merrimack Valley Street] 1891 5g.A-0
Railway 1st mort. gold, Interest at Inter. Tr. Co., trustee, Boston.
$970,000 June 1, 1923
Lowell Law. <fe Haverhill 1893 5g. J-D
1st mort., $1,900,000, < Sub), to call for the sink. fund, at 105 & Int
gold, $1,000
CM Interest at Am. L. & T. Co., trustee, Boston.
People's St. Ry.. W. New-}
1898
5 J-J
$64,000
Jan.1,1928
bury, Mass, 1st mort- > Interest at 8tate Street Trust Co., Boston
gage bonds, assumed. . )
Low. Law. & Hav. Consols of 1893 are reserved for Merrimack Val
,
;
1
i
(
|
'
.
ley bonds when due.
1891 5 g. J-D $1,000,000 Dec. 1,1911
Lowell& Sub. St. Ry. )
1st M. 1891, gold.c* S Int. at the Am. L. &Tr. Co., Boston, Trustee.
Bonds— Of the $15,000,000 Boston & Northern bonds, $8,432,500
are reserved to retire prior lions and the remaining $5,340,000 to be
held for future requirements, -upou authorization by Railroad Commissioners. These bonds have no sinking fund and are not subject to
call.
Of the $5,379,000 first mortgage bonds of the Lynn <fe Boston
RR.,$161,000 have been canceled, and the unissued balanoe Is to be used
to take up other bonds. The Merrimack Va ley St. Ry. 1st mtge. bonds
are redeemable at option at any ti me after 10 years from their date.
Dividends— From 1880 to Oct., 1899, lncl., 8 yearly; in 1900, 7;
in 1901, 6; in 1902, 6; in 1903, 5 p o.
Road— Comprises the lines of the Mass. Eleotrio Companies north of
Boston, embracing 4166 miles of mam and 2d main line and 433-96
miles of track— all owned.
Annual Report— For fiscal year ending Sept. 30, 1903, of all companies Included in the Boston & Northern St. Ry.: Gross, $3,647,228;
net, $1,322,387; other inoome, $15,148; charges, $849,202; dividends
(5%), $483,000; surp., $5,333. V. 73, p. 184.
Officers— President. Patrick F. 8ulllvan, Lowell; Treasurer, J. H.
Goodspeed. V. 79, p. 732.
(a) BOSTON & CHELSEA STREET RY.— Owns 4-1 miles of track.
Leased to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to
6 per cent on $121,000 stock, payable A&O.
BOSTON & REVERE ELECTRIC
(b)
ST.
RY.—
Organization— Incorporated June 24, 1889. Leased from July 1,
1895, for 99 years to Lynn & Boston, which guaranteed Interest on
the $50,000 bonds (of which $23,000 had been retired up to Sept.1,1904)
and dlvld'dson $50,000 stook from July 1, 1898, at 5 p. o. per annum.
Date.
Interest. Outstand'g. Lastdiv.,elc.
Stock & Bonds—
Stock (par $100)
1st mort. drawn at 104.
5
.
<
1890
5
J-J
F-A
$50,000
27,000
Int.(notpr.)gu.by B.&N. \ Interest at Amerloan Loan
Road— Single track, 3*746 miles.
(C)
&
:....
Feb. 1, 1910
Trust, Boston.
EAST MIDDLESEX STREET RY.—
Organization— Owns
16-7 miles of track; sidings, switches, etc.,
18 59 miles. Leased May 1, 1893, to Lynn & Boston (now
Boston & Northern) for 99 years at a rental till May 1, 1896, of
$18,000 yearly In addition to fixed charges; then till May 1,1901,
$24,000 yearly and for remainder of lease, $30,000 yearly. Eight per
cent dividends have been paid, but on May 1, 1901, were Increased to
10 per cent. The refunding bonds were issued to take up a like amount
of 5 per cent bonds whloh matured on Jan. 1, 1902.
Date. Interest. Outstand'g.
Maturity.
BondsSTOCK
Stock ($100) $300,000
8
$297,700
Plain bonds, int. gu. (end.).
1898
5 M-S
120,000 Sept. 1, 1918
Refd. bonds, int. gu. (end.).
1902
4 J-J
100,000 Jan. 1,1922
Interest at State National Bank., Boston.
The lessee in the lease agreed to stamp both Issues of the bonds with
a guaranty of the prompt payment, of interest.— principal is not
1
'9
;
total,
;
&
guaranteed.— V. 67, p. 482.
(d) NASHUA STREET RAILWAY.—Trolley.
ORGANIZATION— Incorporated Aug. 14, 1885. On July 1, 1900, was
leased to the Lowell
Suburban for 99 years, and lease now runs to
Boston & Northern through consolidation.
Rental— Dividends are payable Jan. and J uly at the rate of 4 p. o. in
1901, 5 p. o. In 1902 and 6 p. o. for the remaining 98 years of lease.
.fe
J
)")
)
.
:
STREET RAILWAYS.
Oct., 1904.J
STOCK Bonds Etc.— Date. Interest. Outstand'g. Div.O: maturity.
$300,000
See text
8tock,$325,000.(par$100)
J.UV.UW
50.000
4 K.
AO
1SU1 <
Oot. 1,1931
$150,000 £ ^ 1901
g. jx-\j
1st mortgage, ?l.W|UUU(
o* >Int. at Old Colony Tr. Co., Boston, Trustee.
($1,000), gold
Bonds.— Entire Issue may be called on and after Oot. 1, 1906, at
105 and accrued interest. The interest is guaranteed by the Boston
& Northern St. Ry.
ROAD— Operates 14 90 miles of traok.
,
#
(e)
WINNISIMMET (STREET) RR.—
Organization— Owns 2-0 miles of traok. Leased to the Lynn &
Boston for 999 years from 1880, at $3,000 per annum. Capital stook
Dividends in 1894 to 1903, 6 p.c.
Is $50,000, par $50.
(2)
)
OLD COLONY STREET RAILWAY.— A trolley road.
(tt)
1511
NEWPORT & FALL RIVER 8TREET RY.—
Has been consolidated with Newport
Street Railway and Newport
Illminatlng Co.; embraces 18*93 miles of track In and between Newport
River;
also
eleotric
and Fall
lighting.
Was leased on July 1, 1901, for
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and interest on bonds. The Mass. Eleo. Companies disposed
of its holdings In Feb.. 1902.
On June 28, 1904, stockholders authorized the cancellation of the
mortgage of 1902 and the making of a new mortgage for $1,000,000
See V. 79, p. 213, 501, 1462.
Interest.
Outstanding. Maturity*
STOCK, Bonds. Etc.— Date.
Stock, $750,000, par $100
J.-J.
$750,000
See text
Newport <Jfc Fall River < 1898
5 F-A
5*40,000 Aug. 1,1918
( American Loan &Tr. Co., Boston, Trustee.
1st mortgage
413 J-J
New mort. $1,000,000,) 1904
390,000 July 1, 1954
gold ;$1,000)
5 Int. at Am. Loan &Tr.Co., Boston, Trustee.
Newport St. Ry. 1st M. ) 1890
5 J-D
50,000 Dec. 1,1910
c. S Interest at the Indust Trust Co., Provi., R.L
$50,000 ($500)
New. 111. Co. 2d M., g
5 g.
63,500 Oct. 1, 1925
Floating debt June 30, 1904
427,687
Bonds- Of the new mort for $1,000,000, $353,500 are reserved
to retire prior liens.
EARNINGS— For year ending June 30, 1904: Gross, $2ft0,505: net,
$110,266; charges, $33,2*5; surplus, $77,021.— V. 76, p. 1249; V. 79,
p. 213, J 01, 1462.
Organization—This was formerly known as the Brockton Street
Railway, but on February 15, 1901, name was changed as above.
The Brockton Street Railway was a consolidation of the
Brockton Street Railway, East Side, Brockton & Holbrook and Whitman street companies. In 1900 was consolidated with the Boston
Milton & Brockton, the Brockton Bridgewater & Taunton, the Brockton & East Bridgewater and the Taunton & Brockton. Subsequently
was also consolidated with the Qulnoy & Boston and the New Bedford
Middleborough & Brockton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
Surohase the South Shore & Boston and the West Roxbury & Roslinale. The South Shore & Boston comprised the Braintree & Weymouth Street Railway, the Bridgewater Whitman & Rockland, the
HLngham Street Rallway(the latter being a consolidation of the HingOrganization.—This is a voluntary association organized under a
ham, the Hull and the Nantasket Electric) the Hanover Street Rail- trust agreement similar to the Maes. Eleotrio Companies. Its propway and the Rockland & Ablngton 8treet Railway. The West Rox' erty consists of the oapital stook of the Boston & Worcester St. Ry.
bury & Rosllndale St. Ry. had previously absorbed the Norfolk Sub- It has issued 22,536 4 per cent cumulative preferred shares and
urban, the Norfolk Central and the Needham & Boston.
23,114 common shares, no par value; but In case of Hqnidatlon preIn Jan., 1901, also reoelved authority to acquire the Globe St. Ry. ferred shares receive $100 each before the participation of common.
(after the Globe St. Ry. had first absorbed the Dighton Somerset &
DIVIDENDS.— First div. on pref. stook— 2 per cent— paid July 1, 1904.
Swansea St. Ry., the Taunton St. Ry. and the Providence & Taunton).
Officers— President, James F.Shaw; Vlce-Pres., Arthur E. Childs;
On July 1, 1901, leased the Newport & Fall River Street Ry.
Seo. and Treas., George A. Butman.— V. 78, p. 1781, 1961, 2441.
In May, 1903, Massachusetts RR. Commission allowed the Issue of
(1) BOSTON & WORCESTER ST. RY. -Trolley.
$1,009,500 new stockat$105 per share, and in July, 1903, $26,000. the
latter for the purohase of the Lakeside Park property. In July, 1904,
Organization— Incorporated in Massachusetts on Nov. 16, 1901.
issued its new $10,000,000 refunding mortgage. See details below.
Franchise unlimited. Owns a double-traok line between Boston and
Lease- In 1903 the Boston Elevated Ry. leased all this company's Worcester and has purohased all franchises and property of the Framtraok in the City of Boston for 99 years. The lease provides for the
ingham Union St. Ry., Framingham Southborough & Marlborough St.
payment of all taxes and also 6*« p.c. on replacement value, (appraised Ry. and the Marlborough & Framingham St. Ry. Free transfers are
at $353,979, less the rental of certain short pieces of track appraised given to Boston Elevated in Boston and to Worcester Consolidated in
at $13,866) of property leased as of date Feb. 16, 1903, and 4 p. o. on Worcester. V. 77, p. 2097.
all additions and betterments.
Dale.
Interest. Outstanding. Maturity.
STOCK
BONDS—
Date. Interest. Outstand'g. Maturity. Stock, $100
$1,565,000 July,'04,3%
Stock
Bonds—
Stock (par $100). $6.8 12,600
1,450.000 Aug.1,1923
$6,812,600 In 1903, 5% Bost &Wor.lstmort.,$2,-)1903 4^ g.
Ref. M.. $10,000,000, gold.
1904 4 g. J- J 2,145,000 July 1,1954
500,000,gold ($1 ,000)c* 5 Int. at Am. L. & Tr. Co., Boston, Trustee.
Fram. Union 1st mort
47.000
5
1909
($1,000).
o* Int. at Old Colony Tr. Co., Bost, Trust.
Brockton St.Ry. bonds.
1885 4*2 A-O
5
60,000 Jan. 1, 1919
9,000 Apr.1,1905 v™
5
m
Q^Aitro^i
=+ tvt
Fram.
80.&
Marl. i1st
M..
Bonds
} Int at Amer Loan & Tr
Bo8ton ^tee.
1886 413A-O
6,000 Apr.1,1906
Bonds
Bonds— The bonds of 1903 are not subject to call; remaining $1,050,1890 413 A-O
33,000 Apr.1,1910
only
be
Issued
Bonds, gold
1892 5g. J- J
for additions at one-half of aotual cost
16,000 Jan. 1,1912 000 bonds can
Paid 3 p. 0. July, 1904.
fl894 5g.A-0 686,000 Oot. 1,1924
Dividends—
Brockt. ( Consol.) St. Ry
a ® < Subject to call at 105 and interest.
Latest Earnings.— For year ending June30, 1904: Gross, $363,688;
IstM. $750,000 g.... 3'°
net, after taxes, $124,363; interest, $65,250; surplus, $59,113.
( Int. at State Street Trust Co.
Boston Milton & Brockton..
1899 5 J-J
100,000 July 1,1919
ROAD— Owns and operates 75 miles of track, a considerable portion
lstmtg. bonds, $100,000.. 5 Int. at Inter'l Tr. Co., Boston, Trustee.
over private right of way, between Boston and Woroester. Rails, 75-lb.
Brock. Bridgewater & Taun.
1897 5g. F-A 200,000 Aug.1,1917
OFFICERS— President, William M. Butler; Vice-President, H.Fisher
lstM.g,$200,00O($l,00O)c* Int. at Am. L & T. Co., Boston, Trustee. Eldredge: Seo. and Treas., Geo. A. Butman.— V. 77, p. 250, 2097, 2159;
Brock. & E. Bridgewater
1898 5 g. F-A
30,000 Feb. 1,1918 V. 78, p. 701, 1781, 1961; V. 79, p. 902.
IstM. g.. $30,000
Int. at Am. L. & T. Co., Boston, Trustee.
Taunton & Brockton
)
1897 5 F-A
100,000 Aug.1,1917
1st mortgage $100,000
5 Int. at State St. Tr. Co., Boston, Trustee
N. Bedf rd M'dleb'ro & Brook.
1900 5 g. J-J 325,000 Jan.1,1920
IstM. $325,000 ($1,000) g. { Int. at Am. L. & Tr. Co., Bost., Trustee.
A trolley road.
1894
6J-J
35,000 July 25, '14
Braintree mtge
\
Incorporated
in Ohio in 1902.
Organization—
State St. Trust Co., Boston, Trustee.
Maturity*
Date. Interest. Outstand'g.
Bonds—
Stock
GLOBE STREET RAILWAY SECURITIES.
Common, $750,000, $100
$310,000
...
Date.
Interest.
Outstand'g.
Pref., $250,000. $100 6% n.-o.
250,000
Maturity.
750,000
April 1, 1912 1st M., $1,000,000, g., ($500) 1903 5g. M-N 120,000 Nov. 1, 1933
5g. A-O
l8
00 SOl
Int. at Union Tr. Co. Detroit, Trustee.
& $ 1 ,000)
5
«* Redeemable at 105 and int. after Ap'rll 1, 19C
*i ftfin^«i?
*a.,vuu
eaon
o
^ r nt .i 8 payable by trus., Mass. Trust Co., Bost
Bonds- $880,000 bonds are reserved for extensions at $17,000 per
Debentures, g. ($1,000). c 1892
5g. J-J
550,000
July 1, 1912 mile. No sinking fund and bonds are not subject to call.
Debentures.g. ($l,000).o 1894
5g. M-S
125,000
Mar. 1, 1910
Earnings— For 6 months ending Sept 30, 1904, gross, $24,117; net,
BOSTON & WORCESTER ELECTRIC COM-
PANIES-
,
&
&
FA
.
BOWLING GREEN,
OHIO.
ERIE BOWLING GREEN & NAPOLAKERY.—
LEON
&
C
1
'
1
Deo. 1, 1915
Boston, trustee.
Interest on the Globe Street debentures
Y. Security & Trust Co.
Taunton St.Ry.lstM. 1894
5 JDo Debentures. 1894 5 M-S
Is
payable In
New York
at N.
350,000
Jan. 1, 1914
200,000
Mar. 1,1914
Interest on Taunton Street Ry. bonds payable at American Loan &
Trust Co., mortgage trustee, Boston.
P
"
150.000
Sept. 1,1918
Rv* UtK^lOOof * 1898 5 S-' M S
American Loan & Trust Co., Boston, Trustee.
.000.' 3
author"
£$200
SOUTH SHORE & BOSTON
ST.
Date.
RAILWAY. SECURITIES.
Interest.
1
^S^ffowSob.!* .™!} 1899 5 *-*•
Interest at Amerioan Loan & Trust Co.
Braintree & Weymouth 1st
1897 5 g. M-8.
>
M. gold, $80,000
ridgewater Whit. & Rock.
1st mort., gold, $1,000. c*
)
)
Outstand'g.
Maturity.
$335,000 Aug. 1,1919
(trustee) Boston.
80,000 Mar. 1,1917
Int. at International Tr., Boston, trustee.
1897 5 g. M-N.
85,000 Nov. 1, 1917
Int. at American Loan& Trust, Boston
>
Rockland & Abington first ) 1895 6 g. M-N.
100,000 May 1, 1915
mort., $100,000 gold... .0* 5 Int. at Old ColonyTr. Co., Boston, trustee.
WEST ROXBURY ROSLINDALE ST. RAILWAY BONDS.
$13,611.
Road— Operates 14 miles of track between Bowling Green, O., and
Pemberville; 52 miles additional projected. Standard gauge, 60-lb. T
rail.
When this is built, there will be 65 miles, extending fromiPort
Clinton, on Lake Erie, through Bowling Green, to Napoleon.
OFFICEhS— President, Willis M. Tuller; Vice-Pres., F. W. Rogers;
Secretary, Chas. H. Draper; Treasurer, A. Froney; Manager, J. R.
McRnight-V.
Interest.
Outstanding. Maturity.
5 g. M-S $143,000 Septl, 1916
1st M. $150,000, gold.s. f. ) 1896
($500) red. at 103 after V Interest at International Trust Co., Boao*> ton. Trustee.
Sept. 1, 1901
Norfolk Central 1st mtg.,
gold. $100,000. Int. at
1898
5 g. J.- J.
$55,500 July 1, 1918
International Trust Co.,
(Subjeot to call after July 1, 1903.)
Boston, trustee
J
Norfolk Suburban, 1st) 1894
5
J.-J.
July, 1914
$65,500
mortgage
s Int. at Internat'l. Tr. Co., Boston, trustee.
Bonds-Ot the new $10,000,000 Old Colony Street Rv. mortgage,
$4,667,000 are reserved for prior liens and $3,188,000 for future
I
[
requirements upon authorization by the Railroad Commissioners.
These bonds are not subject to call.
ROAD Consolidated system operates 350 miles of main and 2d main
line (including the Newport <fc Fall River St. .Ry.) and 367 miles of
traok, (which includes Track leased to Boston "L") comprising the lines
of the Mass. Electric Companies south of Boston.
Dividends.— Rate 1892 to 1898 inclusive was 6 p. c; in '99, 8 p. o.; In
1900, 8>4 p. 0.; in '01, 6 p. c; in '02, 5 p. 0.; in '03, 5 p. 0.
Report of consolidated companies (lnoludlug Newport & Fall
River) for year ending Sept. 30, 1903, gross, $2,402,822; net, $795,976;
other income, $80,333;
charges, $531,011 dividends, $339,982
—
(5%); surplus, $5,316.
V. 79, p. 734.
78, p. 76 9.
BRADFORD, PA.
BRADFORD ELECTRIC STREET RY.-Trolley.
Organization— Incorporated June 7, 1894.
Dale.
Interest.
STOCK & BONDS 8tock, $130,000. par $50
Outstand'g. Maturity
$130,000 In '02-3 7%
1901
1921
1st mortgage, $130,000, )
5g. M.-S.
122,500
gold (500)
Jlnt at Amer. Loan&Tr. Co., Bost, Trustee.
Notes payable June 80, 1904
$22,792
Bonds— Sinking fund of $2,500 per annum is in operation. 1*
Operates
llmiles ortrack. 15 cars.
Road—
EARNINGS— For year ending June 30, 1904: Gross, $54,758; net,
$18,190, interest and taxes, $8,099; surplus, $10,091.
Officers— Pres., H. L. Pieroe, Leominster, Mass.; Seo. and^Treas.,
C. E. Hudson, Bradford; Supt, J. W. Barnes.
^
BRIDGEPORT, CONN.
<fe
Dale.
,
-(See
CONNECTICUT RY. & LIGHTING COmap on page 1512.)
wf£
This property is controlled by the United Gas Improvement Company of Philadelphia. Originally chartered in Conn., July 2, 1895, as
the Gas Supply Co. Charter amended and name changed March 2,
1899, to Connecticut Lighting & Power Co., for the purpose of uniting
various street railway and light and power properties In Connecticut.
Name changed as at present on January 10, 1901. V. 71, p. 1269; V.
72, p 44. It is a consolidation of the following companies, whose franchises are perpetual
Bridgeport Traction Co.
Central Ry. & Klec. Co. of New Britain.
Derby Street Railway Co.
Greenwich Gas & Electric Light'g Co.
Milford Street Railway Co.
Naugatuck Electric Light Co.
Norwalk & So. Norwalk El. Light Co.
Norwalk Street Railway Co.
Norwalk Tramway Co.
Shelton Street Railway Co.
Southington & Plantsville Tramway.
Waterbury Traction Co.
Norwalk Gas l.lght Co.
Westijort & Saugatuck Street Ry. Co.
In Feb., 1902, control of the Meriden Bouthlngton & Compounoe
Tramway was purohased.
Power.- Has entered into thirty-years' contract with New Milford
Power Co. for supply of power in Waterbury and New Britain. V. 78,
p. 823.
STOCK
Common
Pref., 5%
&
Date.
BONDS.—
stock ($100)
cum. after Jan. 1,
190* ($100)
Interest.
Outstand'g.
$11,000,000
••"•
5
'
4,000,000
Maturity.
15 1 2
[Vol. lxxix.
CONNECTION WITH LINE TO WATERBURY
STREET RAILWAYS.
n
:
STREET RAILWAYS.
Oct., 1904.]
&
Stock
U
r
Outst'd'g.
Maturity.
J-J 10,268,600 Jan. 1, 1951
Int. at Colonial Trust, N. Y.. trustee.
706,000 July 1,1923
*f 1883 5 g., J-J
ee Fidelity Trust Co .of Newark, N .J.
o
£ Int at Re dmond, Kerr & Co., New York.
Date.
Bonds—
re f.$15"00d;00(),gold,)
o* $
$1,000 s. f
l8?&
^ m
*.
Bridgeport Traction
gage, gold ($1,000)
1513
STOCKS.
Interest.
1901 4>s
g..
„
mort-W^
,
A-0
75,700 Ap.2, 1914
6
St. Railway Mort- > 1894
Redeemable after April 2, 1904.
5
cage
209,000 Jan. 1, 1939
5
J-J
Connecticut Ll'tingA Power 1899
613,000
Floating debt June 30, 1903
Bonds.— $990,700 of bonds are reserved to retire the prior {bonds
The remainder of the $15,000,000 may be Issued from time
still out.
to time for additional properties and new construction, improvements
and betterments. Statement to N. Y. Stock Exchange in V. 73, p.
852. Listed on the New York and also on Philadelphia Stock Exchange.
Bonds were formerly not subject to call, but on June 23, 1904, a
supplemental mortgage was made giving the right to call bonds on
any interest date at 105 and interest and establishing a linking fund
of one- half of one per cent per annum on bonds outstanding; bonds
acquired by the sinking fund are to be kept alive and bear interest.
Bondholders assenting to the supplemental mortgage will have their
interest guaranteed by the United Gas Improvement Co. by endorsement. See V. 79, p. 626, for form of guaranty. Offer expired Oct. 1,
1904, and was aooepted by over 80 p. c. of outstanding bonds.
of track reaching
ROAD—The railways embraoed comprise 175*7
Milford, Bridgeport, Stratford, Southport, Shelton, Derby, Ansonia,
Sevmour, Westport, Saugatuck, Norwalk, South Norwalk, Darien and
Stamford; also lines In Naugatuck, Waterbury, etc. System connects
with the Fair Haven & Westville Railroad into New Haven from
Bridgeport and Derby, and company also has a trafflo oontract with
the Hartford Street Railway for reaching Hartford.
EQUIPMENT— Oct. 1, 1903: Cars, 363; motors, 612; carbarns, 16;
also 4 complete electrio light plants also owns gas plant at Norwalk
and operates gas plant at Waterbury.
Strike.— From Jan.. to Aug., 1903, company suffered from a strike of
Its employees at Waterbury, and at Bridgeport from May 15 to July 11.
REPORT— For year ending June 30, 1904 (June estimated), gross income, $1,893,038; net, $608,118; taxes and charges, $561,783; surDerby
.
)
>)
;
.
Entire capital stock Brooklyn Heights RR. Co. (par)
1200,000
Entire capital stock Brooklyn Queens Co. & Suburban RR. Co. (par).. 2,000,000
EuQre stock Sea Beach Ry. Co.. (owned by Nassau Electric) par value 660,000
Entire issue of the common stock of the Nassau Electric RR. Co., par. 8,600,000
03, <>*M shares out of 66,000 shares of the i% cumulative pref. stock
of Nassau Electric RR. Co., par
6,837,425
47,625'*6 shares out of 60,000 shares of the b% non-cumulative preferred stock of the Brooklyn Union Elevated RR. Co., par
4,762,648
12i,«3>>'73 shares out of 130.000 shares of the common slock of the
Brooklyn Union Elevated RR. Co.. par
12,125,073
Entire capital stock of Coney Island & Uravesend Ry. Co. outstanding, (owned by Nassau Electric) par
85,100
1.162-28 shares Brooklyn Rapid Transit Co., par
116,228
Entire capital stock of South Brooklyn Ry
150,000
9.800 shares out of 10,000 of the Amer. Railway Trafflo Co
1(80,000
Entire capital stock of the Transit Development Co
25,000
$36,211,872
BONDS.
c. bonds Brooklyn Queens uo. & 8uo. RR.
(par)
•First mort. 5 p.
$2,000,000
1st con. mort. B'klyn Queens Co. at Sub. (owned by B'klyn Heights Co.)
50,000
First mortgage 5 per cent bonds Brooklyn Citv RR. (par)
1,627.000
Pim cons. 4 p. c. bonds Nassau Elect. KK. (in Nassau Elec. Treasury)
29,000
Sold 5 p. c. bonds Brooklyn Rapid Transit
30.000
Ret. mort. 1 p. c. bondB Brooklyn Rapid Transit Co
6,611,000
1,000
Second mort. 5 p c. bonds Brooklyn Bath & West End Ry
*
.
m
;
plus, $46,335.
Officers— President, a. M. Young; 1st Vice-Pres., D. S. Plume
2d Vice-Pres., Geo. E. Terry; Secretary and Treasurer, Lewis Llllie.
;
offloe, Bridgeport. Conn.— V. 76. p.330; V. 77, p. 146, 349,
V. 78, p. 820, 2598; V. 79, p. 626, 733, 1461.
2278;
Main
MERIDEN SOUTHINGTON & COMPOUNCE TRAMWAY. -A
(1)
trolley road.
STOCK
& BONDS—
Date.
Interest.
Outsland'g
Maturity.
$200,000
See text
Com. sto'k ($100) $500,000
5 g J-J
175,000 July 1,1928
1st mort., g., $200,000 0*) 1898
Optional at 110 and interest.
($1,000) can be called at >
110 after Aug. 15, 1903. ) Interest at Colonial Trust Co., N. Y.
Bonds can be Issued only for new extensions to the extent of 50 per
oent of cost and provided net earnings for the twelve months preceding the issue were equal to 10 per cent on all bonds issued and proposed.
DIVIDENDS— One p. o.quar. since Apr., 1899, to and inducting Apr.,'02;
none since to Feb., 1904.
Earnings—For fiscal year ending June 30, 1904, gross, $65,087
and taxes, $12,141; surplus, $6,116.
13 miles of track between Meriden and Southlngton,
with a branch to Lake Compounce. Standard gauge, 56 lb., T rail.
Operates 25 cars.
OFFICERS— President, Walton Clark; Vice-Pres., A. M. Young; Seo.
net, $18,257; interest
Road— Owns
and Treas., Lewis
Lillie.— V 74, p. 427.
BRISTOL, CONN.
BRISTOL & PLAINVILLE TRAMWAY CO.A trolley road. Also furnishes electrio lights.
ORGANIZATION— Organized Sept. 21, 1893. On Aug. 15, 1904. stock8 n increase of stock from $150,000 to $250,000.
The new stock had not been Issued, however, in
holders authorized
See V. 79, p. 732.
Sept,, 190«.
Stock
&
Bonds—
Date,
Stock, $1,000,000 ($100)
1st mortgage, $200,000..
Outstand'g.
interest.
1895
5 M.-N.
Maturity.
$150,000
1904, 6%
200,000 Nov. 1,1925
Earnings— For years ending June 30, including
Gross.
Tear—
Net.
Int. dt taxes.
electric-light plant.
Div'ds.
Balance.
1904
1903
$112,779
$40,075
$14,234
$6,750
$19,091
82,359
16,105
10,022
6,000
83
Road- Operates about 12 miles of track laid with 56 and 60-lb. T
rail, from Bristol to Plainville, with branch to Lake Compounce
and to Terryvllle. Standard gauge, 25 oars and 3 snow plows.
OFFICERS— President, C. S. Treadway; Vice-Prest., N. E. Pierce;
Treasurer, M. L. Tiffany; Secretary, A. J. Muzzy; Gen. Man., G. E.
Cookings,
all of Bristol,
Conn.- V. 77,
p. 649; V. 79, p. 732.
$9,861,000
*
Composing guaranty fund for performance of Brooklyn City Railroad Com-
pany's lease.
The Brooklyn City BR.
Co. is held under a 999-year lease, dated Feb.
guaranteeing all fixed charges, organization expenses, taxes
and 10 per cent dividend on $12,000,000 of stock. The lease Is nominally to the Brooklyn Heights RR. Co. but practically to the Brooklyn
Rapid Transit Co., since that company owns the entire capital stock of
the Brooklyn Heights Company and guarantees payment of dividends
to lessor. In 1898 the Heights Company leased: the Brooklyn Queens
County & Suburban RR. The lease was renewed year by year, rental
being fixed charges, taxes and organization expenses. On July 1,
1901, the B. Q. C. & S. began operating separately again. On April 1,
1899, the Heights Company temporarily leased the Brooklyn Union
Elevated RR. Co.— see terms under the latter— and also on the same
date the Nassau Electrio RR. Later, permanent leates were made.
On June 30, 1904, presumably In consequence of a decision (V. 79, p.
102,) compelling the issuanoe of transfers, the lease of the Nassau
14, 1893,
RR. was canoeled.
The Brooklyn Rapid Transi t Company in April, 1899. also aoquired,
through one of its constituent companies, all the franchises and. properties of the former Brooklyn & Brighton Beach RR. Co., and has converted it into an electric road. The company also then leased for the
period of 999 years the Prospect Park & Coney Island RR. (see terms
under the latter), the New York & Coney Island RR. and the Prospect
Park & South Brooklyn RR. In November, 1899, acquired all the
stock of the Kings County Elevated Railroad, which has since been
consolidated with the Brooklyn Union Elevated. In Feb., 1902, purchased property of South Brooklyn RR. & Term. Co. V. 74, p. 479.
On May 21, 1904, the Brooklyn Heights RR. Co. signed an agreeElectric
ment with city for operation of trolley cars (but not elevated trains)
over the new "Williamsburg Bridge. See V. 78, p. 2013, 2386. Later
the Bridge Operating Company was formed, with $100,000 capital, to
operate the bridge lines. See V. 79, p. 626.
The Transit Development Co. was organized in April, 1903, with
$25,000 oapital and Is owned exclusively In the Interest of the Brooklyn Rapid Transit Co. for certain convenient purposes in connection
with the handling of real estate and kindred matters.
The American Railway Trafflo Co., a freight-handling company, was
incorporated in Jan., 1904, with a capital of $1,000,000, of whioh
$980,000 is owned by the Brooklyn Rapid Transit Co.
In April, 1900, the Brooklyn Heights Company began suit against
the Brooklyn City RR. to recover about $2,0u0,000 for failure to fulfill
obligations claimed to be imposed by the terms of the lease between
the two companies.
SECURITIES OUTSTANDING.
BONDS— Outstanding. Interest. Maturity. Ann. charge.
STOCK
8tk.,$45,000,000($100)$45,000,000
Br. Rap. Tr., 1st Re- ) 14,458,000 4g J-J July 1, 2002
$578,320
fund. M.('02),f 150.- }
Central Trust Co.. New York, Trustee.
000,000 gold..c*&r) Coupon bonds, $1,000; reglst'd, $1,000, $5,000.
B'klyn R.T.,g., mort., >
7.000,000 5g A-O Oct. 1,1945
350,000
1895, $7,000,000 o* 5
a Int. at Colonial Trust Co., N. Y., trustee.
Brooklyn City RR.—
lstconsol. M., 1891.
6,000,000 5 J-J {July 1, 1941
300,000
B'klyn Crosst. 1st M.
200,000 5 J-J July 1, 1908
10,000
Cal. Cem. &G.lstM.
200,000 6 J-D June 1,1907
12,000
New W. & Fl. 1st M.
200,000 4^F-A July 1, 1941
9,000
G. & Lorimer 1st M.
125,000 6 M-N May 1, 1910
7,500
Gr. St. <fe New. 1st M.
200,000 5 A-O Aug. 1, 1906
10,000
B'klyn Heights BR. )
250,000 5 A-O Apr. 1. 1941
12,500
1st mort., 1891.... $
People's Trust Co.. Brooklyn, Trustee.
B. Q. Co. <fe Sub. 1st )
3,500,000 5g J-J *July 1, 1941
175,000
mort., 1894
Guaranty Trust Co., New York, Trustee.
,
2,884,000 5g M-N *July 1,1941
144,200
Central Trust Co. New York, Trustee.
$4,500,000, 18W. 5
&
^°T{'Sii
,
Jam. &'B. RR. 1st)
mort. 1889
5
240,000 5g J-J Jan. 1, 1930
12,000
Central Trust Co New York, Trustee.
Sea B'ch Ry. 1st M.,
650,000 4g M-8 Sep. 1, 1916
26,000
guar., 1896
5 W.M. Grinnell,W.O. Piatt &Wm. Man, Trustees.
Brooklyn Un. Elev. ) 16,000,000 J4g F-A Feb. 1, 1950
640,000
1st M., 1899, guar. $
Int. at Central Trust Co., New York, Trustee.
K
280,000
$^000°600 ^ohl* I 7.000,000 4g.F-A Aug. 1, 1949
Int at Central TrU8t Co -' New Yorfe trustee.
)
($1,000) gu.. '99
,
BRISTOL, TENN.
BRISTOL, GAS & ELECTRIC CO-TroUey
and
electrio light.
QRQANIZATION-Incorporated in N. Y. to consolidate the Bristol Gas
( Va.) and Bristol Belt Line Ry. Co., all the stock and bonds
of which company it acquired.
& Elect. Co.
&
BONDS—
_ STOCK
Stock, $300,000 ($100)
Date.
Interest.
Outstanding. Maturity.
$219,000
.
1st mortgage, $375,000..)
1903
5g. J-J
237,000 Jan., 1923
g. ($500 & $1,000) c.&r. $ Inter, at Metropolitan Trust Co., N.Y.,Trus.
Bonds are subject to call on any interest day at 110 and Interest.
Earnings— For calendar year 1903.
B^ 8
B
lt
«, E
2°L .S
deficit,
$9,500;
,lll
J'J
S,Fy-'
$4,068.
Road—Operates
about
S™ 88
'
for both Bristol
Gas &
Elect. Co.
$37,372; net, $5,432; fixed charges,
3^ miles of
track.
T OFFICERS— President, Charles B. Hobbs, New York; Vice-President,
John
H Caldwell, Bristol; Sec. and Treas., Murray W. Dodge, 40 Wall
St., New York; Manager, Edwin M.Walker, Bristol.—
V. 77, p. 1748.
BROOKLYN,
BROOKLYN RAPID
2
N. Y.
TRANSIT.-(Se« Map,
'
0!
-
.
1951
419,040
^H^nsol^mt^l
Guaranty Trust Co., New York, Trustee.
honds(«i"oooin*M- >
Bonds guar, by end. by Br'klyn Heights RR.
$15,000,000 1898 J
1st mortgage
)
660,000 5 A-O
Apr. 1, 1944
33,000
bonds, 1894 .
Hamilton Trust Co., Brooklyn, Trustee.
5
Atlantic Ave. 1st J
730,000 5 A-O Oct. 1,1909
36,500
mortgage, 1884.. \
Brooklyn Trust Co., Trustee.
Atlantic Ave. geh.
112,241,000 5g A-O Apr. 1, 1931
112,050
M.,gold. 1891... S
Brooklyn Trust Co., Trustee.
Atlantic Ave. Imp. )
220,000 5g J-J Jan. 1, 1934
11,000
$220,000, g.,1894 $ Central Trust Co., New York, Trustee.
tB.B. &W.E. IstM. >
250,000 5 J&J Jan. 1, 1907
12,500
Ser. A,red,Jan.'97 $
Title Guarantee & Trust Co., Trustee.
tB.B.&W. E.lstM.)
250,000 5 A&O Jan. 1, 1917
12,500
Ser.B, red. Jan.'97 S
Title Guarantee & Trust Co., Trustee.
tB.B. &W.E.2dM.
52,000 5 J&D June 1, 1911
2,600
red. July, 1896. 5
Title Guarantee & Trust Co., Trustee.
B. B. & W. E. Genl. >
121,000 5g A&O Oct. 1, 1933
6,050
gold, 1893
Franklin Trust Co., Brooklyn, Trustee.
J
10,476,000
4 g J-J
Jan.
1,
.
page
Organization— Organized January 18, 1896, per plan in Chronicle, V. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed syndicate headed by the late ex-Governor Flower having then bought control. Is not a railroad corporation, but was organized under the Business Corporation law
New
York to hold the stocks and bonds of railroad companies and toofaid
in
the construction and equipment of railroads.
Assets—The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit Co. June 30, 1904
;
,
Total interest charges (on above $68,907,000 of funded
debt outstanding)
$3,211,760
Rental payments in addition to payment of fixed charges—
B'klyn City RR. stock, $12,000,000,10% Q-J 15, 999 years. $1,200,000
Prospect Park & Coney Island. RR., yearly rental
40,000
Sea Beach Railway Co. yearly rental
6,500
Total
$1,246,500
J5I4
STREET RAILWAYS.
|
Vol.'lxxix.
Oct., 1904.
STREET RAILWAYS.
j
addition to the amount given above, rental is paid to the
Brooklyn Union Elev. RR. and 4 p. c. dividends guaranteed on pref.
stock of the Nassau Electric RR, but as the Brooklyn Rapid Transit
Co. owns nearly all the stock of those companies, we omit the figures
from the table.
* Subject to call July 1, 1916.
t Subjeot to call at any time.
§ Five per cent after Feb. 1, 1905.
1 Subjeot to call in 1916.
tr Atlantlo Ave. general mortgage 5s of 1931 were subject to call In
1909, but many of them (how many Is not known) have been stamped
releasing them from the liability to call.
a The Central Trust Co of New York was tiustee of this mortgage
until Oot., 1903, when the Colonial Trust Co. was substituted.
Stock— Stock authorized is $45,000,000; issued $45,000,000. The
stock was formerly held in a voting trust, but this terminated January
1 1900, and oontrol is now vested In the owners of the shares.
'in the reorganization of Long Island Traction the old $30,000,000
stock paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000, and $7,000,000 of 5 per oent bonds being
authorized, against $3,000,000 of Long Island Traction.
Interest on Bonds. Where Payable.—Interest on the Brooklyn Rapid
Transit mortgage of 1902 for $150,000,000 and the two Elevated issues
is payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Colonial Trust Co.; on the Nassau Eleotrio bonds, including Atlantic
Ave. and West End Issues, at the Colonial Trust Co.; on the Brooklyn
Heights 1st mortgage at the People's Trust Co., Brooklyn; on the
Brooklyn Queens Co. & Sub. mortgages and the Jamaica & Brooklyn
1st mortgage at the First Nat. Bank, Brooklyn; and on the Sea Beach
1st mortgage at the Brooklyn Heights RK. office.
New Mortgage for $rtr,oco.oco.— Stockholders authorized March 20,
1902, First 'Refunding Four Per Cent Gold Convert, bonds for $150,000,000. $61,055,000 Is Intended to retire all the existing bonds of
the system, and the rest for improvements, additions and new ao?uisitions, as needed from time to time. The mortgage provides that a
iind of $5,000,000 in bonds or their proceeds be at all times at the disposal of the company for the purposes mentioned. See V. 74, p. 377. As
this fund Is reduced for any of the purposes authorized, more bonds may
be authenticated by trustee, and delivered to the company on its order.
These bonds can be converted into stock, par for par, after July 1,
1904, and before July 1, 1914, and are subject to call on any interest
day until year 2,000 at 110 and interest; after that at par and Interest.
See Listings application in V. 78, p. 1119 for list of securities pledged
• Note -In
for the bonds.
Bonds— Of the $7,000,000 50-year gold 5s of the Brooklyn Rap.Trans.,
$3,000,000 went to stockholders for the assessment. For description
of property covered by the mortgage, see V. 62, p. 1138. See also
application in V. 67, p. 904.
Brooklyn City RR. mortgage of 1891 is for $6,000,000 and is a first
lien on the old Brooklyn City road and a oonsol. lien on the lines
aoqulred by consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balance is held in the
guaranty fund.
The total authorized issue of first consolidated mortgage gold 5s'of
the Brooklyn Queens County & Suburban RR. is $4,500,000, of which
$1,616,000 are reserved for extensions, on whioh they will be a first
Of the $2,884,000 outstanding, $2,255,000 in 1898 were enlien.
dorsed with the guaranty of the Brooklyn Heights RR. Co. as to principal and interest, and in January, 1899, provision was made for
.guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & S. loans are subject to call in 1916.
The Sea Beach Ry. 1st 4s also are guaranteed as to principal and interest by the Brooklyn Rapid Transit Co.— V. 65, p. 1219.
The Nassau Eleotrio bonds are guaranteed (by endorsement on each
bond) by the Brooklyn Heights RR. Besides covering the mileage
directly owned they are a lien by a supplemental agreement upon the
stock of the Coney Island & Gravesend Ry. and the Sea Beach Ry
and will become a direot lien on these lines as soon as they have been
formally merged in the Nassau Electric Of the total of $15,000,000
bonds authorized the unissued remainder is reserved for prior liens
See listing application in V. 72, p. 342.
1st
Mileage—The system includes:
Name—
2d
Track.
Sid-
Elevated lines
Surface lines....
N. Y. & Brooklyn Bridge
Trackage on
C.
I.
28996 28-997
RR
& Brooklyn RR...
7907
1-30
1-53
Total
Track, ings,<te. miles.
-218
1-184
5-803 209-2-3
-345
48 075
-483
-483
Brooklyn Heights RR
104-484 98996
Brooklyn City RR
23*58
Brooklyn Queens Co. & Sub. RR... 24-15
Nassau Electric RR
6175 61-46
6-341
6-34
Sea Beach Railway
3-16
3-16
Coney Island & Gravesend Ry
1-465
1-465
South Brooklyn Railway
7"96
Prospect Park & Coney Island RR. 9-76
Brooklyn Union Elevated RR—
7-907
1-30
7264
130-474
1-343
-313
-715
7-54
14024
10-424
3-480
68-417
19-294
1-00
360
-84
6-633
3645
25-26
2-37
251-330 242-484 38-445 532-259
Total miles operated
Equipment June 30, 1904.— Closed cars, 1,700; open cars, 1,408;
oombination cars, 255; mail, freight, snow-plows, sweepers, <fec, 335
—total, 3,698. Locomotives, 120.
REPORT—The annual report for 1903-4 will be found in V. 79, p. 784,
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CONSTITUENT COM-
PANIES—YEAR ENDING JUNE
Receipts—
1903-04.
Passengers
$14,429,546
Freight, mail and express.
176,508
Advertising
132,655
Rents
159,783
Other miscellaneous inc.
52,070
Total
$14,950,562
Expenses —
Maintenance of way
$619,848
Maintenance of equipm't.
1,217,924
Operation of power plant.
1,535,930
Operation of cars
3,859,232
General expenses
539,746
Damages and legal exp'es
987,759
Taxes
748, 258
Total
$9,503,697
Net earnings
30.
1902-03.
1901-02.
$13,086,840
75,658
117,823
180,931
96,562
$13,557,814
$12,321,265
64,902
124,455
192,299
85,247
$127788,168
$495,188
812,600
$567,059
1,160,999
1,680,751
3,450,524
535,286
1,262,429
3,580,891
956,730
757,789
543,274
1,094,745
74 2,817
~$~8,688,868
$8,952^14
$5,441,865
$4,868,946
$3,835,954
Fixed charges (net)
4,052,957
_3,904 i068^
3 ,732 ,633
Surplus
$1,388,908
$964,878
$103^321
Special appro, and miscel.
383.706
203.481
84,428
Balance
$1,005,202
$7ot>,.5»7'
$18,893
OFFICERS— President, Edwin W. Winter; Chairman of Board, A.N.
Brady; Vice-Presidents, Horace C. Du Val and T. S. Williams; Secretary and Treas.. C. D. Meneely; Vice-President and Gen. Manager,
J. F. Calderwood; Comptroller, Howard Abel, Clinton and Montague
sts., Brooklyn.
„ INDEX— V. 78. p. 767, 1108, 1119, 1781, 2010,2383; V. 79, p. 102,
—
151,211,268,624,784,789,967.
Companies Controlled by Brooklyn Rapid Transit Company.
(1)bR00KLYN UNION ELEVATED RR.-Formerly a steam road
now
electric.
Organization-Organized
in January, 1899, as successor of the
Brooklyn Elevated Railroad and its allied lines per plan in V.
1515
64, p. 609. Comprises the Kings County Elevated Railroad reorganized according to plan in V. 68, p. 724, the Sea View Railroad and the
& Brighton Beach RR
On June 30, 1901, the Brooklyn Rapid Transit owned $12,425,073
common and $4,762,546 pref. stock of the Brooklyn Union Elevated.
Brooklyn
Lease— Leased for 999 years from July 1,1901; the lessee agrees to pay
organization expenses, taxes and fixed charges, and as rental all net
earnings, such net earnings not to be less than $150,000 per annum
the first three years, $200,000 the next two years and $250,000 per annum thereafter. Lessee also agrees to guarantee, principal and interest, all bonds of the Brooklyn Union and Kings County Elev. RR. Co's,
the guaranty to be stamped upon the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. Certain days each
month are designated for stamping. See V. 77, p. 2389.
Date. Interest. Outstand'g. Maturity, etc.
STOCK AND BONDS.
Co
8 * ock,$13 00
":
$T6o
.'.
5%
.
$13,000,000
.?: \
non-cum.,
5 000 000 j , ,i»U4,i-u
q04 ,,
o.uuu.uuujuiy
$5,000,000, $100
1st M., $16,000,000 g., 4% I i oqq 5 4 to 5 g. ) 16,000,000 Feb. 1, 1950
I F. & A. 5 Cent. Trust,N.Y„Trustee.
till '05,then 5% ($1,000) 5
a
n 8 C
y E
4g.F&A
1899
Aug. 1,1949
7.000,000
i
m
*7 ooo ooo(
Interestat Central TrustCo., N. Y., Trustee.
*
Pref. stock,
&i
S
'
>
$
'
000?
*o S
Both issue's" of bonds' are listed on N. Y. Stock Exchange.
Road—The Brooklyn Union embraces 88-417 miles of elevated track
($1
and 19-294 miles of surface track. Total, 88711 miles. The New York
and Brooklyn Bridge has 3 60 miles of track in addition.
On July 1, 1898, theoperation of the Bridge railroad was commenced.
See terms of contract in V. 67, p. 27, 426. In April, 1898, an agreement was made with Long Island RR. providing for joint construction
of connecting line at East New York and running of through trains
from Jamaica to Brooklyn Bridge and from Rockaway Park to Broadway ferries. Construction begun in Nov.. 1898, and work completed
V. 67, p. 1054. On May 30, 1903, through service
in February, 1899
by elevated trains (not Long Island RR. trains) from Broadway Ferry
to Jamaica was inaugurated; but in Nov., 1903, the Board of Aldermen passed an ordinance prohibiting the operating of eleotrlc trains
on Jamaica Avenue, and the next month through Bervice was discontinued.
Dividends-— The first dividend of 2 p. c on the preferred stock was
paid June 29, 1901; in 1902, June 30, 1 p. c On Dec. 31, 1902, Ha
In 1903, June 30, Ha p. c; Dec 31, 1>« p. c
p. c, and ^ P, c extra.
In 1901, July 7, 1^ p. c
Annual Report— Now included in Brooklyn Rapid Transit.
OFFICERS— President, Edwin W. Winter; V.-Pres T. 8. Williams;
Sec. and Treas., C. D. Meneely.— V. 77, p. 2389; V. 79, p. 268.
(2)
NASSAU ELECTRIC RAILROAD.— A
trolley road.
ORGANIZATION—Chartered March 13, 1893, under the laws of New
York. Opened in July, 1895, and in April, 1896, leased the Atlantlo
Avenue RR., etc As stated above, the Rapid Transit Company owns
the whole $8,500,000 common stock of the Nassau Electric and
$6,337,425 out of the $6,500,000 preferred stock.
Lease.—Was formerly leased for 999 years from Apr. 1, 1900, to
Brooklyn Heights RR ,but coincidently with a decision compelling the
issuance of transfers from one leased line to another (V. 79, p. 102)
the lease was terminated on June 30, 1904. Contract to pay a minimum of 4 p. c. dividends on the pref. stook will, however, be fulfilled.
The Nassau Electrio Railroad owns the entire amount of stock
($650,000) of the Sea Beach Railway; also entire stock ($35,400)
The assets of the Kings
of the Coney Island & Gravesend Ry.
County Traction Co. were purchased at publlo sale In July, 1898,
by the syndicate conducting the consolidation. V. 67, p. 74, 125.
Certificate of merger of Atlantic Ave. RR. and United RR. (the latter
being successor to the Brooklyn Cable Company sold at foreclosure.
Dec 23, 1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
Date.
Interest. Outstand'g.
Maturity
STOCK
BONDS—
Common stock, $8,500,000
$8,500,000
Pref.4p.coum,$6.500,000
....
....
6.500,000 Nov.//,'03,4%
Bonds— For details see Rapid Transit statement above.
Road— Owns 130*474 miles of single traok; also owns the stook of
the Coney Island & Gravesend (6-63 miles) and the stook of the Sea
Beach Railway (14024 miles); total traok, 151-131 miles.
Atlantic Ave. RR. (now part of Nassau Electrio) owns the doubletrack steamroad from Jamaica to Flatbush Avenue Station in Brooklyn, 9*$ miles (19 miles of track), which is leased for 99 years from
June 1, 1877, to the Long Island RR. Co., affording that company entrance into the City of Brooklyn— rental, formerly a percentage of receipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Litigation has arisen with Long Island RR. with reference to use of Atlantic Avenue. See V. 74, p. 1139.
Dividend— First dividend under lease was paid Dec. 31, 1900,
4 p. c; Nov., 1901, 4 p. c; Nov., 1902, 4 p. c; Nov., '03, 4 p.c
LATEST EARNINGS— Earnings are now included in those of Brooklyn
Rapid Tr'nsit— V.70,p. 125,328; V. 71, p. 1220; V.72,p. 240, 339,342.
&
(3)
PROSPECT PARK & CONEY ISLAND RR.— A
trolley road.
Organization— Controlled by Long Island RR., but on June
17,
1899, the Brooklyn Rapid Transit Co. took possession under a lease for
999 years to the Brooklyn Heights RR. and equipped the road electrically. (V. 68, p. 1224; V. 69, p. 654.) Rental is $40,000 per annum
and expenses until 1910, when amount inoreases to $45,000. In consideration of a guaranty by Long Island RR., annual interest on the
greater part of P. P. & C. I.'s bonded debt has been reduced from 6 and
7 per cent to 4^ per cent. See V. 56, p. 42; V. 62, p. 187.
Date.
Interest.
Outstand'g. Maturity.
Stock
Bonds—
8tock, $100
$250,000
2d M., now 1st ($1,000 ) 1886 4ifl F. & A. 340.000 Feb. 1, 1926
each),c*&r
6
F. & A.
160,000 Feb. 1, 1926
5 1886
&
M.&S.
96,000 Mar. 1, 1931
6
M.& S. 104,000 Mar. 1, 1931
Interest on above mortgages payable at U. S. Mort. & Tr. Co., N. Y.
Income bonds, non-cum. 1880 6
250,000 May 1, 1920
R. E. M., June 30, 1904
5%
29,766
Bills paya'le June 30/04
430,500
Road— Embraces 25-26 miles of single track.
Earnings.— Now included in those of Brooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn
Heights in 1903-1904 $40,000; rental of buildings, $28,207; total,
3d M. (now
2d),
($1,000 each), c*
gold) 1891
&r. \ 1891
4i«g.
MN
$68,207; interest, taxes,
&c, $61,028;
surplus, $7,179.
CONEY ISLAND & BROOKLYN ReChartered Deo.
organization—
10, 1860. Cars commenced running
over the Brooklyn Bridge Feb. 15, 1898. See V. 66, p. 383.
Brooklyn City & Newtown was leased in November, 1897, for 999
years, and in 1900 was merged into the Coney Island & Brooklyn.
Interest.
Outstand'g. Last div., die.
STOCK
BONDS.— Date.
Stk.$2,000,000(p.$100)
Q.— F. $2,0u0,000 Aug, '04,4%
First consol. mort., 5 1898
4g. J.- J.
2,000,000 July 1, 1948
$2,000,000, gold. .. \ Mercantile Trust Co., N. Y., Trustee.
B'kln City&Newtown ) 1889
5
J.-J.
$2,000,000 July 1, 1939
J st M., $2,000,000.. 5
Int. at Mercantile Trust Co., N. Y., trustee.
R.E.morts
$191,605
Certs of indebtedness 1903
4
600,000
July 1, 1913
ROAD—Brooklyn to Coney Island, with branches, 13% miles; Brooklyn City & Newtown RR., main line and branches, i, 85 miles; trackage
rights, 2-27 miles; second track and sidings, 23-63 miles; total operated, 49-50 miles.
&
1516
STREET RAILWAYS.
Beginning May 5,1901, fare to Coney Island on Sundays and holidays was increased from 5 to 10 cents.
In 18 5 6 Der cent
IV,!5 E
1896 5 Per cent; in 1897, 6 p. c;
«
KP S—
?
In R1898, 8I3
per cent;
V. 67, p. 955
in 1899; 10 per cent; in 1900, 10
1
111 1901
* P- °-« ta 1902 16 P- o1903, 16 p. win
Vo^f^L
.
I?
1904, Feb., 4
p. 0.; May, 4 p. c; Aug., 4 p. 0.
For
REPORT—
years ending June 30
Oth.inc. Int., taxes, etc. Bal.,$ur.
<£?*.?**
* ^«'8
$575,484
$5,227
$272,706
$308,005
}2£2"S— •J'&BMS
1902-3...
1,603,857
594,818
1,440
270)287
325,971
Officers— Pres., John L. Heins; Vioe-Pres., Louis Fitzgerald; Treas
and Secy., Dunoan B. Cannon; Supt, D. W. Sullivan,— V 76, p. 1300.
'
!
m
&
Buffalo
Lockport Railway (after Elmwood Ave.
Electrio Railway had been merged).
Buffalo Tonawanda
Niagara Falls Electric RR. Co.
^
"f',
VANA BRUNT STREET
RRtrolley road.
& ERIE BASIN
Organization, Etc.— Chartered Feb. 15, 1861.
stock, $200,000;
debt, $65,000. Track, 3 miles, changed
Gross, 1903-4, $54,841; net, $19,422; other income, $952; charges, $5,840; dividends (5%», $10,000; balance, surplus, $4:, 534*
OFFICERS— President. John F. Murphy; Secretary and Treasurer,
Wyllys Terry. Office, 264 Van Brunt Street, Brooklyn, N. Y.
all issued; par, $10.
to electricity in 1898.
Funded
BUFFALO,
'
International Traction collateral trust loan.
STOCK
N.
&
DUNKliF * WESTERN
&
Date.
Interest.
Maturity
»"*"•».
Stock, $3,500,000 ($100)
$3,500,000
1J
2,500.000. .. May 1, 1923
1st mort. $3,500,000,^ T19 ° 3 ,5
J
In t ere8 t a t Standard Trust Co., N. Y., or at
gold ($1,000)
c; i
Cleveland Trust Co., Cleveland, trustee.
'
t>
,
„,
Bonds.—
$1,000,000 are reserved for acquisitions, improvements
betterments and extensions.
ROAD.— Is to extend from Buffalo to Silver Creek, Dunkirk, Fredonia
Brocton and Westfield, a dlstai.ce of 90 miles. Western Division, Dunklrn to Westfield, was opened Deo. 10, 1903. Construction of remainder has been suspended for the present. See V. 78, p. 20i0 95 1b
girder rails in cities and towns; other rails 70-lb.
^?;
~™„™
.
Officers —President Luther Allen, Cleveland; 1st Vice-President
G. Avery, Buffalo; 2d Vice-President. Homer H. PetersTreasurer, E. Bingham Allen, Cleveland; Secretary. Clarence
Bushnell, Buffalo.-V. 76, p. 1142; V. 77, p. 950, 2279; V.
78, p. 2010.
Truman
L
A?rSeV^oid °
On June 14, 1904,
HAMBIJ
^ & AURORA
M
RY.-
the road was purchased under foreclosure sale by
O. Tracy Rogers of Binghamton, President of the Binghamton Ry Co
for $78,000. The road is to be consolidated wiih the Buffalo
Garden11
enez er Ry under iame of Buffalo & Southern Ry., with
J
, ,?„™™
$1,960,000
stock.
ROAD— The 15 miles to Hamburg and Orohard Park were put in
operation on Oct. 6, 1900.- V. 76, p;i406; V. 78, p. 1496, 2441.
,
'
BUFFALO & WILLIAMSVILLE ELEC- RY.
ORQANIZATION-Chartered Aug. 10, 1891. In May, 1903, capital was
increased from $75,000 to $3,500,000, and in July, 1904, a new mortgage for $3,500,000 was made, to provide for extension to Rochester.
Prf. ,4 p. c. cum..
Interest. Outstand'g.
Map
$5,000,000
M.:Llf5
.-..
5gJ-J
^750.000
^
i
July 1.1935
'
2,428,262
T.
I.
2,013,624
2,256.481
$1,584,227 $1,650,204 $2,170,195
62,488
64,345
348,743
^^iiiijii^ ^1^8
'
int.
Co
Pan-American year.
1,565,061
1,538,484
1,757,877
$81,654
$176,065
$761,061
v
'
Road— Operates 356*29
miles of track. Equipment consists
730
motor pass, cars, 169 trail pass, cars, 2 electrio locomotives. 35 of
motor
freight and service cars, 26 trail freight and service cars,
36 snow
plows, 9 rotarles. 2 sweepers, 6 electrical sub-stations, 4 power houses,
»u TOO ,
and various other buildings, parks, hotels, <fcc.
OFFICERS of all operating companies— President, W. Caryl Ely; VicePresident, D. S. Lamont; Secretary and Treas., Richard F.
Kankine;
Gen. Manager, Thos. E. Mitten. Auditor. H. M. Pease.
Executive Committee.— Charles Steele, Francis Lynde Stetson. Temple Bowdom and Win. B. Rankine of New York; W.Caryl
Ely of
Buffalo; and T. De.Witt Cuyler and E. T. Stotesbury of
Philadelphia.
""»««»P"«».
-V. 76, p. 1355; V. 77, p. 296; V. 78, p. 989, 2012.
OFFICERS of International Traction Co. -President, W. Caryl Ely;
MacVeagh; Treasurer, Richard F. Rankine; Auditor^
Maturity.
HM
&
Peasf
BURLINGTON, IOWA.
R HNGT0 N RAILWAY & LIGHT CO—
£^
franchises and goodof the Burlington Ry. A
1*0 tock
&
&
st
Intl at Mercantile Trust Co., New York.
$750,000, gold
c5
2d M., $250,000, g.,) 1896 .... 5 g. J-J
175,000 Julyl, 1921
s. f ., red. aft. 1901 > Interest at Mercantile Trust
Co. New York,
at 105, $1,000...
Trimt^A
Buff. & Lockport 1st
1898 .... 5g. J-J
500,000 July 1, 1938
M., g., $500,000... Int. at Colonial Trust Co.. New York, Trustee
Lockp. & Olcott Ry.
1900 ....
5 J-J
800,000 July 1, 1920
1st M., $1,000,000 Int. at Morton Trust Co., N. Y., Trustee;
also at
gold, $1,000... .c*
Buffalo. Guar., p. and i., by Internat. Trao'n.
1897 .... 5 g. J-J
300,000 Jan. 1, 1928
Niag. F. Susp. Bdg..
Clifton Susp. Bridge Toronto General Trusts Co., Trustee.
Interest at American Exoh. Nat. Bank N Y
1898 .... 5g. A-O
125,000 Oct. 1,1928
Lew. Con'g Bdg. Co.
Queens. Hts. Br. Co. Toronto General Trusts Co., Trustee.
Interest at American Exch. Nat'l Bank, N. Y.
Niagara Falls Park
5JrJ
6
000 Jan. 2. 1914
"oFEffer" iStmoT*? ,1893 ;-; r
,. 2,
Toronto, Canada.
Canadian ourr'nev
J £) Interest at Imperial Bank, Toronto
*Niag. F. & 8usp. B.. 1893 ....
4 J-J
518,000
1913
*Niag. F. Whl. & No.. 1894 ..
4 J-J
22,500
1913
* All owned by International
Traotion Co.
Bonds— The Buffalo Ry. real estate mortgage matured June 20,1904
but was extended at 4 1* p. 0. until 1909 The Niagara Falls & Susd.
Bridge bonds of 1893 and the Niagara Falls Whirlpool & No. bonds of
1894 given in the table above matured in 1903, but were acquired
by the International Traotion Co. and extended ten years and then
deposited with the Guaranty Trust Co. of New York as additioual
security under the International Traction Co. collateral trust
mort-
Surplus. .
$10,000,000
5,000,000
4g.,J-J 18,255,000 Julyi,"i949
Collateral trust, $30,000,000 (1899
($1,000), gold, c*. Interests
Guaranty Tr. Co.. N.Y.. Trustee. Mav
at J. P. Morgan <fe Co.
(
be called at 110
int.on any int. date
Of the $30,000,000, $12,285,000 were originally reserved to take up
an equal amount of the underlying bonds of the allied and controlled
companies outstanding, and $540,000 of that amount has been issued
for that purpose, leaving $11,745,000 etill reserved. The syndicate
agreement with J. P. Morgan
Co. covering part of these bonds ana
part of the preferred stock was terminated September 1, 1902. In
Maroh, 1904, common stockholders received their stock in exchange
for certificates of interest previously held by them. V. 78, p. 989.
Consolidation of Constituent Companies.— On Feb. 20, 1902 the International Railway Company was incorporated in New York with
$10, 120,500 stock, and in Aug, 1902, this was inoreased to $17,000,000, of which $16,3i0,500 has been issued (all owned by the International Traction Co.) as a consolidation of the following companies,
whose shares had previously beon held by the Traction Co.; V. 74, p 427
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &
Lancaster had first been merged in the same).
Buffalo
Niagara Falls Electrio Railway.
S ^i
on bonds of
trolley tracks.
Date.
.
5gM-N
^;
Fix^n^Tc!;
all
STOCK & BONDS—
common, $10,000,000
l<ttl
.
earnin a
uriAu
?Income
Miscellaneous
the electric railways connecting the cities of Buffalo
Niagara Falls, Lookport, North Tonawanda and Tonawanda, together
with all the street railway systems in all of said cities; also the eleotrlc railway connecting the villages of DeDew and Lancaster
with
Buffalo.
It also acquired the Canadian electric railway traversing the entire length of the Queen Victoria Niagara Falls Park
and connected it with the American system by the acquisition of the
steel arch bridge at Niagara Falls and the Suspension Bridge betweeD
Queenston and Lewiston, which bridges have been equipped with
*"
m
1
^.
Operating expenses
CO.-(See
*
page 1517).— Trolley.
Organization— Organized on Jan. 18, 1899, under N. J. laws, and has
Stock,
Feb
Mercantile Trust Co., N. Y., trustee.
$5,000,000gld.c&r I Int. is payable at Co's. office, Buffalo, E. W. Clark
\ & Co., Philadelphia, or Mercantile Tr. Co
N Y
1,000,000 Apr. 1, 1917
Buff. Ry. debe'tuies, '1897 .... 6g.
Metropolitan
Trust Co , N. Y., Trustee.
$1,000,000, g., red.
at 105 after Apr. 1, Secured by deposit of $2,000,000 stock of Crosstown
Street
Ry.
Interest at company '8 office
1902 ($500,$1,000)
Buffalo, or Mercantile Trust Co., New York
'
J" D
$150,000 June 20, '09
Buff. Ry. R. E. mtg.. \ 18/?'4
Can be paid at par on any interest date.
I
4_
Tonawanda „
Eleo. )
4 A-O
40,000 Apr 1 1907
RR. 1st mtge
5 Interest at Metropolitan Bank.
•Tonawanda St. Ry. )
6 J-J
60,000 July 1 1912
1st M., $250,000 . 5 Interest at Morton Trust Co., New York
Crosstown Railway— Guaranteed bonds.
l8
73
g " ($3 '??°'-$ 1892
2,974,000 May 1,1932
000), gu. p.&l.o* I Int. at Metropolitan Trust Co., N. Y., Trustee
Buffalo Traction 1st < 1898 .... 5 g. J-D
673,000 Dec. 1, 1948
mort... $5,000,000 I Int. at Metropolitan Trust Co., N. Y., Trustee
(1897 .... 5 J-D.
215,000 June 1.1927
t, .»^ „
r
Buff.Bellev.&Lan.M.^
Redeemable June, 1903, at 102, and 4 per
cent
less
each
year
(
until
at par.
„
B _ . .„
N
a Fa
COMBINED STATEMENT OF INTERNATIONAL KT. AND INTERNATIONAL
TRACTION CO.
Fiscal year end. June 30—
1904.
1903
19021
Gross earnings from operation
$4,012,489 $3,663,828 $4,426,676
1
acquired
4,056,000
gage.
&
Date.
STOCK
BONDS—
Interest.
Outstand'g.
Maturity.
o tOC H '^0,000,01)0 . . .• . *.....
...
_.
f
1st Mtge., $3,500,000) 1904
5g.
1
July" 1*1944
g. ($500 & $1,000).. \ Int. at Commonwealth Tr.Co .Buffalo, Trustee
Bonds— Are subject to oall on any interest date at 105.
Road.— 4»« m. of track, Buffalo to Williamsville. An extension from
Willlamsville to Rochester, 60 miles, is now under construction and
oompleted to Batavia. Rails 80-lb. T and 90 lb. grooved girder.
Officers— Pres., Geo. L. Lewis; Vice-Pres., Spencer Kellogg: See and
Treas., S.R.Mann; GemMan., L. L. Grove— V. 78, p 2383; V.79,
p. 268.
INTERNATIONAL TRACTION
F-A
]
c—
RR.-To
Outstand'g.
,
67 5g.
,
;
Bon D8—
1891
f
M
A-O
Collier.
Cleveland
Stock
1
1st Con. M. ($1,000)
_ Organization.— Incorporated in New York as a consolidation of the
Lake Shore Traction Co. and ttie Dunkirk & Point Gratiot Traotion
Co. Holcomb Latimer & Co., Buffalo, offered the bonds for sale in 1903
giving a bonus of 100 p. o. in stock. Private right of way except in
cities and towns. Franchises run 99 years. Will enter Buffalo
over
Internal. Ry. Co.'s tracks. At Westfield will connect with line
to
_
Owned Companies.
BONDS—
-M
Organization.— Incorporated on Apr. 27, 1897. Is controlled bv
the Investment Co. of Philadelphia.
STOCK
Date.
Bonds—
Interest.
Outstand'g.
Maturity.
"»«wrwy.
Stock, $350,000 ($100)
$305,000
1st Mtge., $350,000
1901
5 J.-J.
350,000 Jan. i',1931
Earnings— Year ending June 30. 1904, gross, $9,257; deficit under
operation, $14,028; fixed charges, $19,553; total deficit, $33,581.
ROAD— Operates a double-track road from Buffalo to Depew, I4I3
miles of track; 60-lb. rail; 5 cars. Extension 60 miles to Rochester
is in progress.
be^SeyfoacP
Liens of Constituent and
&
Date. Miles. Interest. Outstand'g.
Maturity.
" ^ 6& 1 "L
650,000 July 1, 1905
Buffalo St. Ry. 2d M. \ t18/75
I Int. is payable at Nat. Bank of Commerce. N. Y.
6
2 93 '5°° Sept. 1, 1913
" 8
Buffalo E. Side 2d M. \ T18t 8 ?
< Int. is payable at Company's office, Buffalo,
Y.
BUFFALO & DEPEW RY-- A trolley
road.
OFFICERS— Pres., Henry H. Kingston; Sec &Treas., John J.
Tonawanria
Maj
Lockport & Oloott Railway.
Niagara Falls & Suspension Bridge Railway (after the Niagara Falb
Whirlpool & Northern Ry. had been merged in it).
Niagara Falls Suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stook of the Crosstown
Street Ry. of Buffalo, and this passed to the Internationa] Railway
Co
On July 1, 1902, the International Ry. Co. acquired by purchase th«
Niagara Falls Park & River Ry., the Clifton Suspension Bridge Co
the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co This
leaves the Crosstown St. Ry. Co. of Buffalo and Inter.Ry. Co. as the
only
operating companies and eventually (that is as soon as the $1 000 000
Buffalo Ry. debentures secured by $2,000,000 stock of the Crosstown
St. Ry. are retired) the Crosstown Street Ry. can also be merged
thus
leaving the International Railway Co. the sole operating
pany and the International Traction Co. the holding company comAll
the outstanding stock of the International Railway and $60,000
bonds
of the Tonawanda Street Railway are pledged as security for th«
m
>
&
&
>
;
-
[Vol. lxxix.
a
'
assets,
.
will
r i
Light
Co. have been purchased by the People's Gas & Electrio
Co. of
Burlington forming its only asset. The People's Co. has no bonds
of
0W n , t8 ndtn,'?;^ut in turn l8 controlled by the General Electrio
Vt
J
"iV.
r n5
uo. sec
74, p. 1307.
.
C
s_
Dale Interest Outstand'g. Maturity.
h+?J£
«i ^r§?^R
BLOCK, !J>l,^tlU,UOO
$1100 000
1st M., $750,000 ($500, Ac.), < 1897 h'^'A-O
Oct.T,1917
red.aft.Julyl,'02,at lOS.g.c* { Int. at American
L.&T.Boston^rustee,
e
u ar -,.pr,n and ,nt h ? endorsement by People's Gas M
**?£%! n^
Electric
Co. „£
of Burlington, and the latter has made a trust deed
to seoure the guaranty.
-
W.OOO
-
,
'
-
,
STREET RAILWAYS.
Oct., 1904. J
MAP
OJ? TIIK
1517
r£
INTERNATIONAL TRACTION
OUCOTT BEACr
•
4wfa
CO.
Coomer
BUFFALO & VICINITYT
o
Wilson
Sta.
eSta
cL— —V |
"oSEsfH,
Wilson
lis
,1
|W
N
»
N
A
F
E
^CHARLOTTEVILIE
Randall Road
Maplestreet
W
£1
?,
IIOLCOTl
N
°
Coomer
A
!j.4r
Fort Niagara
CORWINS
YOUNGSTOWN
P
R
J
H
South Wilson
Rausoniville
<^
_1\
East Wilson
Warrens Corners^
Northridgei
Ridgeroad
fc
WRIGHTS
Cambria
N
Niagara Jc.
A
fw
Hic'korV Cornfers &
D
JModeltown
R
ilevw^ton
TUSCARORA INDIAN
jA
/I
JiOCKPOR"
We'st LockportyStj
Pekin
^LewisJoniHeiglits
-
i/y /
Lockport Junction].
RESERVATION
^ BROCtnj\i
g monumIeMt
*
°T]l LNiagara
±LJ
University
Sanborn
rtOO-l
^-
\
Mapleton
NE*
'N
I
a!
•
g
a
r
E
a
Bergholtz^
srernoltz o
A\T
E( L
F
O^r
Sta. V5
»y
pJe n. pxl
Xntre
D
E//'
Raymond °
vS
llMIAGiARA F>(LLS
A
St.Johnsburg
jlaIsalle
Beach Ridge ,
<Pendleton,
51illersport|
Wendelville
o
B3
-JE
jM'artinsrille.
-<r
SLATER'S
POINT
S.wormville
^NpRTHlfrQNAWANDA
-I°»k
Inland
S
L °A
/
Eldorado.,
N
D
\
If IP
TO
Island Club
,Oakf ield
TON
NX
i
*\A
AIvAa n\D
i
II
Ch
V.
\
A
Stevensville
SV
*e
*££»»T
R
E
Hi
BUF.
&
SUc«
Bridgeburg/f
L
W
if.-
O
I
N
.
n
i
1
•,N<
R
T ER_N AT^O.tiA L.J£^
„ °c«
T
S
^
w.
Snyder
---STflAWBERFi
ghaITE
M
!
Falconv
^MlCHIQAM
Stia.
I
House,
^KBga'cH
!
4w>
P
Iffim'Sheen.water
East Amherst
Transit
Ato
n a w ajm da
c
Eagle Park
&
&^u
JHAL
Getzville
,*%£*
CHLE'KTGvWAGA\
2?gfitf
\
.
.,
D.EPEW
ajfiW*
~s£^d^
-Ports
iellevue.
BUF.BEL.&LAIM.OC
Ridgeway
iFFA
!
»J
o
\>?<L\V inchester/
'"Sta.
^
Blossoih
BlOSSOL
/
"Garden ville
Ebenezer
Sta. PENNA.'
ft.
Spring
SENECA
/^\ Brook
|
Ebenezer
Sta
STREET RAILWAYS.
1518
Road—Total track 18 miles trolley 48 and 66 lb. T rail. Operates
22 motor and 25 trail cars. The People's Gas & Electric Co. contemplates an extension to West Burlington and other improvements, at
an aggregate cost of $175,000.
EARNINGS—For year ending Dec. 31, 1901, cross, $169,940; expenses, Including taxes and insurance, $98,730; net, $71,210.
OFFICERS— President, G. H. Higbee; Secretary, E. C. Walsh; Treas.,
;
J. T.
Remey.—V.
64, p. 41, 468, 75S; V. 68, p. 1022; V. 74, p. 1307.
STOCK
&
Bonds—
CO.-A trolley road.
Miles. Date. Int'rest. Outsland'g.
Maturity.
Stock $200,000, par $100
$200,000 1903-04,6%
Win. &B. Horse RR. 1st) 9^3 1894 6g.J-J
125,000 Jan. 1, 1914
M., $150,000, gold, >
Not subject to call before maturity.
$500 & $1,000
o > Interest at Burlington Trust Co., Trustee.
Road— Owns 11 miles of track in city of Burlington. Rails 50-lb.
1% Owns 8 box cars, 10 open cars, 3 snow plows.
Earnings—For fiscal year en ding June 30:
Oross.
Dividends. Bal., sur.
Net.
Interest.
1903-4
$15,158
$78,432
$34,658
$7,500
$12,000
1902-3
35,947
18,447
74,034
7,500
10,000
Officers— President, Elias Lyman; Vice-President, Jno. J. Flynn;
Treasurer, W. F. Hendee; Secretary, S. L. Platka.
BUTTE* MONT.
BUTTE ELECTRIC RAIL WAY -Trolley.
This company was incorporated in West Virginia in December, 1899,
as successor to the Butte Consolidated Railway (operating 21 miles of
track), sold at foreclosure.
&
Date.
Stock
BONDS—
St'k $1,000,000, par $100
M.
1st
$700,000 gold, < 1900
Interest.
Outstanding.
$1,000,000
Maturity.
Mar. 1, 1925
700,000
Mercantile Tr. Co., Boston, Trustee.
Bonds— May be called for payment on March 1, 1915, or on any Interest day thereafter. Sinking fund of 10 per cent par value of bonds
begins March 1, 1916.
Officers—President W. A. Clark, Butte; Vice-Pres., F. E. Sargeant,
49 Wall St., New York; Secy. & Treas., Pierre V. C.Miller, 49 Wall St.,
N. Y.—V. 64, p. 663; V. 69, p. 1300; V. 72, p. 190.
$1,000 each
*c
<
Road— Operates 15*75 miles of track from Mattapan, where conneo"
tioo is made with the Boston Elevated Ry , to Canton and Stoughton»
Norfolk St. Ry.
at which latter point it connects with the Bristol
and the Old Colony Street Ry.
Officers— Pres., C H. French; V.-Pres., F. S. Pratt; Treas., A. Stuart
Webster. Boston V. 78, p. 1906.
Pratt; Gen. Mgrs., Stone
&
—
&
CANTON,
O.
A trolley road.
CANTON-AKRON RAILWAY.
Feb., 1901. In 1902 acquired
in Ohio
BURLINGTON, VT.
BURLINGTON TRACTION
[Vol. lxxix.
5 g. M.&S.
Int. at
CAIRO, ILL.
CAIRO
ELECTRIC
& TRACTION CO.-A trolley
road.
in
Organization— Incorporated
the Canton-Massillon Elec. Ry. Operates cars in the city of Akron over
the lines of the Northern Ohio Traction & Light Co. by traffic agreement. Franchises expire in 1925 and 1926. In Mav, 1903, both common and preferred stock were each increased by $200,000.
Dale. Interest. Outstanding. Maturity.
Stock & Bonds—
$1,038,900
Common, $1,200,000 ($100)
6
J-J
725,700 July,'04,3%
Pref. 6% n.cu. $800,000 ($100) ....
1,072.000 Mar.1,1922
Canton Akron 1st mortgage S 1902 5 g. M-S
$2,000,000, e„ ($1,000). 0* I Int. at Knickerbocker Tr. Co.,N. Y., Trust.
850,000 May 1, 1920
r-«,r,«™ Ma Q anT,l
C 19^0 5 S- M-N
0n 1 8„ ™,*
,an nnX^Interest at Cleveland Trust Co., trustee,
nn'^nn g.,
1 ($1,000)....
$1,000,000,
or at stan d ar(i Trust Co., New York.
£
Bonds- Of the $2,000,000 Canton-Akron bonds, $850,000 are reserved
to retire the Canton-Massillon bonds and $7n,000 for extensions and
Improvements at not exceeding 23 of cost. Neither issue subject to call.
Dividends- 3 per cent on preferred stock paid Jan. 1, 1903; also
3 p. c. July 1, 1903. In 1904, Jan. 3 p. c; July, 3 p. c.
ROAD - Operates 22 miles of track from Canton to Akron (completed
May, 1902); 8 miles from Canton to Massillon; 5 miles from Massillon
Track, stanto Navarre and 20 miles in the cities; total, 55 miles.
dard gauge. Rails, 73-lb. girder, 56, 60 and 70-lb. T.
Earnings- For year ending Dec 31, 1903, gross, $385,752; net,
$151,818; interest. $94,73^; dividends. $40,200; surplus, $16,882.
OFFICERS— President, Wm. H. Hoover, New Berlin, O.; Secretary,
Cliauncey Eldridge, Boston; Treasurer, Philip L. Saltonstall. 53 State
Street, Boston.-V. 76, p. 593, 751, 1083, 1191.
£
PHILADELPHIA
THE CANTON-NEW
road.
CO.— A trolley
RY.
Organization— Incorporated in Ohio in July, 1902. Built on private
right of way except in towns and villages. Franchises run 25 years.
Is controlled by Tucker, Anthony
Co., who also control the CantonAkron Ry. and the Tuscarawas Traction.
Maturity.
Interest. Outsland'g
Date.
STOCK
Bonds—
&
&
Common. $300,000, $100
P e %non cum ,$300 000,
"
'
$300,000
300,000
'
$ i6o
i
Organization—This was formerly the Cairo Electric Ry., but in 1st Mtge.",'$i,o66",6o6,' gold, ) 1903 5 g, F-A 565,000 Feb. 1. 1923
May, 1903 after having acquired the E*<ypt Electric Co. and the Cairo
c< Int.atAm.Loan&Tr.Co.,Boston,Trustee
($1,000)
Electric Light & Power Co., and merged them, name changed to above.
Bonds— $435,000 are reserved for future extensions at not exoeed
Outstand'g.
Date.
Interest.
Maturity lng $25,000 per mile for 4 actual cost; and for Improvements at *q
Stock & Bonds—
S
;
Stock, $150,000, ($100)
$150,000
1st Mt«. $150,000, gold, < 1903
1923
5 g., J-D
100,000
($500
c(Int. at Central Tr. Co., Chicago, Trustee.
$1,000)
Bonds— $50,000 are reserved for extensions and betterments. Are
subject to call on any interest date after 10 years at 105.
Road— Operates 9^ miles of track in Cairo, Together with the electric lighting and power plant. 40 to 60-lb T rail, standard gauge.
Officers— President, w. P. Hallidav; Vice-Prest. and Gen. Mgr.,
C. Wright; Secretary, Jno. W. Eakin; Treasurer, J. S. Aisthorpe.
&
H
CALAIS, ME.
CALAIS STREET RAILWAY-A trolley road.
&
Organization— stock, $100,000 first mortgage, 1894, 5s, J&J.
$100,000 due July 1, 1918. Current liabilities, June 30, 1903, $8,014.
Year ending June 30, 1904, gross, $27,952; net, $4,118; Interest
;
and taxes,
$5,453; balance, deficit, $1,335.
Road—Calais Street Railway, lower wharf to upper bridge, Calais
4 miles; 8t. Stephen Eleotrlc St. Ry. Milltown, N. B., to St. Stephen, N
B., 3 miles; total, 7 miles. The St. Stephen Electrio 8t. Ry. Is a separate corporation, but is owned entirely by the Calais company.
OFFICERS— Pres., George A. Curran; Treas., C.W. Young, Calais, Me.
CAMDEN
CAMDEN,
TRENTON
&
N. J.
RAILWAY-Trolley.
Organization.— Incorporated Deo. 15, 1897.
Owns 395 out of 400 shares (par $50) of the capital stock of the Cinnaminson Electrio Light, Power & Heating Co. of Riverton, N. J.,
which supplies the towns of Beverly, Delanco, Riverside, Riverton
and Palmyra with light. Also owns 1,362 shares (par $10) out of
1.6C0 shares of the capital stock of the Bordentown Electrio Light &
Motor Co., which supplies light to Bordentown and vicinity. The
bonds below, besides being secured by mortgage on the road between
Camden and Trenton, are further secured by a deposit of the holdings
of the stook of these two companies. Stock and the first mortgage
bonds are listed on the Philadelphia Stock Exchange. In Feb., 1902,
the par value of shares was changed from $100 to $10. V.74, p. 150, 679.
STOCK
&
Bonds—
Date.
Interest.
Outstanding.
$1,750,000
Maturity.
Stock, full paid t $10)
)
1899
710,000
Nov. 1, 1929
1st M. g., $750,000
($500 and $1,000)0* $ Provident Life & Tr. Co.,Phila., trustee.
1901 5 g. J-J
lstg'n'lM., $1,750,000)
$622,500
July 1, 1931
$500 and $1 ,000 g . 5 Providence Life & T Co., Phila., trustee.
Bonds— Of the $750,000 bonds, $40,000 are reserved (uncertified)
to retire like amount of bonds of the Clnnamlnson Eleo. Light
Power Co. due April 1, 1914.
Of the $1,750,000 Issue, $750,000 are reserved to retire above outstanding prior liens and the remaining $377,500 is held for extensions at not exoeeding $40,000 per mile in Trenton and Camden and
not exceeding $20,000 per mile outside those cities.
Road— Comprises the electric-light plants and 38 miles of road
5gMN
.
&
between Trenton and Riverton (where connection is made with Camden & Suburban Ry. tracks). By a oontract between this company and
the Camden & Suburban, the Camden & Tren. Ry. cars run direct to the
Philadelphia Ferry at Market and Federal sts., Camden. Connects
with the Trenton <fe New Brunswick at Trenton, which latter road connects with the Public Service Corp. of N. J. direct to Jersey City and
New York, thus affording through trolley service between New York
and Philadelphia.
Officers— President, H. V. Massey, Philadelphia; Sec'y, J. Dixon
Andrews and Treas., M.B.Perkins, Riverside, N.J. Principal office, Riverside, N. J.; Philadelphia office, Land Title Building— V. 77, p. 1224.
trolley road.
Stock, $300,000. $100
1st mortge., $500,000,
Interest.
Outstand'g.
STARK ELECTRIC RR.—An electric railroad.
in Ohio and is a consolidation in December, 1902, of the Alliance Electrio Ry. and the Stark Eleotrlc Ry.
Controls the Salem & Eastern Electrio Ry. That company has no se-
Organization— Incorporated
curities outstanding.
&
Outstand'g.
Maturity.
Date. Interest.
STOCK
BONDS—
Stook, $1,000,000, $100
$1,000,000
5 g. J J
1,00,000 Jan. 1, 1928
1st M. $1,000,000 gold) 1903
c. s Int. atOlt. Sav. ATr. Co., Cleveland, Trustee,
($1,000) s. f
Bonds— Can be called after 5 years at 105.
Road— Operates 34 miles of traok from Canton to Salem, Including
Alliance City lines. Standard gauge. 67 and 70-lb
ralls.and 70 and
90 lb. girder rails. Total mileage, Including double traok, 36 miles.
OFFICERS— President, C. R. Morley; Vloe-Pres., David Morison; Sec
E. S. Cook; Treas., E. Wlebtnson: Supt, W. J. Berry.— V. 76, p. 973.
T
CAPE MAY,
Maturity.
$300,000
5 g. A.-O.
250,000
Oct. 1, 1923
\ 1903
Int. at City Trust Co., Boston, Trustee.
gold
0)
115
and
int.
on
any
int.
whole
at
day.
to
call
as
a
Bonds subject
Earnings— For calendar year 1903, gross, $80,388; net, $7,029;
fixed charges, $5,574; surplus, $1,455.
N.
J.
CAPE MAY DELAWARE BAY & SEWELL'S
POINT ELECTRIC RAILWAY-A trolley road.
Organization— In 1901
STOCK & BONDS
control passed to the Reading Company.
Dale. Interest. Outstanding.
Maturity.
Stock paid in (par $50)
$150,000
1st mort. ($150,000;... cur. 1893 (text) F-A
150,000 Feb. 1, 1923
Other debts Deo. 31, 1903
115,488
Interest was reduced to 5 per cent for 5 years from Feb. 1, 1896.
In 1894 and 1895 but one interest payment was made by mutual consent of bondholders. Trustee is N. J. Trust & S. D. Co., Camden, N. J.
ROAD— Operates 7^ miles of track in city of Cape May and extending
to Cape May Point and Sewell's Point.
EARNINGS—For year ending Dec. 31, 1903, gross, $19,105; expenses,
$31,440; deficit, $12,335-V. 72, p. 532.
CEDAR RAPIDS, IOWA.
CEDAR
RAPIDS-IOWA CITY RAILWAY
& LIGHT COOrganization— Incorporated in Towa in June, 1903, and acquired
the property and franchises of the Cedar Rapids Eleotrio Light &
Power Co., the same being from bonded debt. Has long-term franchises in the cities and owns private right of way 100 feet in width
all
between them.
STOCK & Bonds Common, $1,700,000
Dale.
p.c.,n.c., ipi)uu,uuv
Pref., u
rici.,
5 ^•u.fU.u.,
$300,000
1st morte-a<7ft <fi2 000
eoM f*l
oi)6» '
gold
($1,000)
Bonds- Besides
CANTON, MASS.
RY.-A
BLUE HILL STREET
perpetual.
Organization— Franchise
Date.
Stock & Bonds—
actual oost, but limited to $75,000 until net earnings equal twice
amount of interest charges. Entire issue, but not any part, Is subject
to call at 105 and interest upon three months notice.
Ro»D-Operates 22*6 miles of track from Navarre (where connection
is made with the Canton-Akron Ry. to Canton) to New Philadelphia.
At the latter point connection is made with Tuscarawas Traction,
running to Urlchsvllle. Was put in operation May 2, 1903. Standard
gauge, 75 to 80-lb. T rail. Power is provided by Can ton- Akron Ry. Co.
Earnings— For year ending Deo. 31, 1903, gross, $41,149; net,
$18,186; Interest, $16,665; surplus, $1,521.
Treasurer
OFFICERS— President, Philip L. Saltonstall; Secretary
Chauncey Eldridge, both of Boston.— V. 76, p. 1083, 1191.
nnn
Interest.
OuMand'g.
Maturity.
$1,700,000
dUU.Ui'V -...-- -.
300,000
1903 6 <?• J-E>
795,000 June 1, 1923
Illinois Tr. * Sav. Bk, Chicago, oo-troi
trustee.
.
)
p* t
c
$
l, lt
.
at
N.W.Harris
_hicago.
& Co., Chicago.
$795,000 out, additional bonds may be
issued for completing and equipping interun an road at not exceeding 60 ier cent of cost, and * iOO.OOO after road Is completed,
when in any year net earnings, after all expenses, shsll have been
twice charges on bonds outstanding and those proposed to be issued.
Remaining $1,000,000 may be issued, under same restrictions as to
net earnings, for not exreedln* 75 per cent of oo«t of permanent additions, extensions or other railway, lighting or power companies. A
sinking fund begins April 1, 1908, and bonds are subject to call on or
after June 1, 1913, at 107 »a and Interest.
Road— Operates 26 miles of traok between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
the
—
—
STREET RAILWAYS.
Oct., 1904.]
report— The Old Cedar Rapids Electric Light, Power & Steamheating Plant earned in year ending Deo. 31, 1903, $115,151 gross,
and $40,626 net.
r>PFif>ER<5- President, Stephen X Dows; Vice-Pres., J. K. Smith; Sec
and Treas.T B. E. Pinney.-V. 77, p. 2279; V. 79, p 211.
.
CITY RY-MARION Outstand'g.
CEDAR RAPIDS & Dale.
Maturity.
Interest.
&
BONDS—
<?tock
Stock, $400,000, $100
CHAMBERSBURG,
;
PA.
&
trolley road.
Orqan'ZATION—
owns a turnpike road, 43
in
miles, capital, $100,000,
17,
and an
also
electrio-
Date.
Pref. 6% n.c, $150,000 ($50)
1st mort., $300,000, gold;
Interest. Outstand'g.
Maturity.
$150,000
150,000
280,^00 July 1.1933
.
1903
5 g. J-J
o* > Int. at ChambersburgTrust Co., trustee.
($100 and $500)
Bonds— $50,000 are reserved for extensions at 80 per cent of cost.
No sinking fund and bonds are not subject to call.
Road- Operates 15 miles of track from Green castle to Penn Mar.
Gauge. 5 It. 2i« in. 70-lb. T and 80-lb. girder rail. An extension of
11 miles from Greencastle to Chambersburg may be built in thefuture.
OFFICERS— President, W. Rush Gillan; Vice-Pres, Geo. B. Beaver,
Waynesboro; Secretary, H. B. McNulty; Treasurer, R. W. Ramsey;
Supt., J. M. Wolf, Waynesboro.— V. 76, p. 809.
CHARLESTON,
H
the stook.
In Jan., 1900,
S. C.
Maturity
Date. Interest. Outstanding.
BONDS
Stock
$350,000
Stock, $350,000 (par $100)
300,000 Feb. 1,1925
1st Mort., $300,000, gold < 1900 5g. F-A
Inc. at Real Est. Trust Co., Phi I., trustee.
c* {
($1,000 each)
Road.— Controls and operates (not including Northslde Consolidated
Street Railway) 18 miles of railway, standard gauge, 60- lb. T and 90lb. girder rails, giving direct servioe from centre of Chattanooga to
National Cemetery, Highland Park, Sherman Heights, East Lake,
Rossville, Ga., and Chickamauga National Park, Ga.
OFFICERS.— Pres., Richard H. Koch, Pottsville, Pa.: Vice-Pres., Samuel W. Divine of Chattanooga; 8eo. and Treas., J. W. Pittock of
Phila.; General Manager, H. M. LittelL— V. 70, p. 430; V. 78, p. 1961.
(1) NORTHSIDE 'CONSOLIDATED STREET RR.
Organized in 1901. Controlling interest Is held by the United Railways Light & Water Co.
Maturity.
Dale. Interest. Outstand'g.
Bonds—
Stock
$100,000
Stock, $100,000
1920
1900 5 g. A-O
110,000
1st mort. $110,000 gold
ROAD— Operates 7 miles of railway from Chattanooga to Hill City,
Vallambrosa, Riverview, golf grounds and North Chattanooga. Standard gauge.
.
LOOKOUT POINT INCLINE
(2)
CHARLESTON CONSOLIDATED RY GAS
Organization— Organized February 21, 1899, as a consolidation of
the Charleston City Ry. and Charleston & Seashore RB. under Special
Aot of South Carolina Legislature, granting a perpetual charter and
gas and electric-light powers. Also owns the capital stock of the
Charleston Gas- Light Co. ($698,150), and the Charleston-Edison Light
& Power Co. ($100,000), and thus controls the whole field of light and
transportation in Charleston. In April, 1899, bought for $25,000 the
stock of the Mount Pleasant & Sullivan's Island Ferry Co. and for
$4,000 the franchise of the Middle Street and Sullivan's Island Ry.
&
Date. Interest. Outstand'g.
Maturity.
BONDS
STOCK
Stock, $1,500,000, par $50
$1,500,000 Julyl0.'04,ia%
Charleston City 1st mort.
808,000 Jan. 1, 1923
($1,000), $850,000, g'd.o. 1898 5 g. J-J
Tax free. Int. at Mercantile Tr. &Dep. Co., Bait., trustee.
1899
M-S
5g.
1,692,000 Mar. 1, 1999
Consol. M„ g., $2,500,000,(
Int. at Bait. Trust
Guar. Co., Trustee.
coupon* ($1,000)
)
Holders can also collect coupons at Carolina Savings Bank, Charleston, if presented before the 10th of the month.
Bonds—Of the consol. 5s, $850,000 were reserved to retire the
$850,000 City Ry. 1st 5s, of which $42,000 canceled under sinking
fund and consols issued to company in substitution.
CHATTANOOGA & LOOKOUT
Organization— The United Rys. Light & Water Co. of Philadelowns a controlling interest In the stock.
Date. Interest.
Outstanding. Maturity.
STOCK & Bonds—
$250,000
Stock, $250,000
i=,t™„,*„„„o
$250,000.
1st mortgage, <to*nrwi
;
trolley
RY.,
LIGHT &
Organization— Is » consolidation in January, 1896, of all the eleo
and street railway interests of Charlotte. Has since
merged the Charlotte Gas Light Co. Also controls the Dilworth Water
Co. Franchise is said to be perpetual and exclusive until Jan. 26, 1913.
Stock Is all owned by the Charlotte Consolidated Construction Co.
Date.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS—
trio lighting
Stock, par $50
$60,000 f.p
1st M., $500,000, g.,)
1899
5g. J-J
350,000
July 1,1929
o* Slut, at Mercantile Tr. & Dep. Co., Bait., Trustee.
($1,000) s. f
Bonds— A sinking fund is provided, operative July 1, 1900, of 1 p e.
of bonds outstanding to be invested in bonds drawn by lot, at 107*3
and interest, if not obtainable at lower figure in open market.
Road— Operates 10 miles of track and 20 oars.
Net.
REPORT—Years ending Deo. 31: Gross.
Over. Expenses.
1903
1902
$168,233
$63,464
$104,769
144,669
57,971
86,698
OFFICERS— President and Treasurer, E. D. Latta Vice-President, E.
....
;
B. Springs; Sec'y, J. L. Chambers.— V. 64, p. 329, 384; V. 66, p. 384.
CHATTANOOGA, TENN.
CHATTANOOGA ELECTRIC RAILWAY CO.
Organization— Successor, 1896, of Chatt.
Date. Interest
Stock & Bonds—
Stock authorized, $645,000...
1st M., $625,000, gold, not > 1898
subject to call
o*
5
lstcons.M, $2,000,000 gold)
($1,000)
c Ar
J
Int. at
5g
Electrio Ry., foreclosed.
Outstand'g. Maturity.
J-J
Maryland
$645,000
625,000
Jan. 1,1919
Tr. Co.. Bait., Trustee.
1904 5g. J-J 1,300.000 Jan. 1, 1924
Int. at Nashville Tr. Co. , Nash v. , Trustee.
Bonds.— Of the $2,000,000 new bonds, $625,000 are reserved to retire
first 5s. No sinking fund on the new bonds, but they can be redeemed on any interest date at 105 on 30 days notice.
GROfS EARNINGS— For calendar year 1903, $200,536; in 1902,
the
$155,074.
Road— Has 34 miles of track on 25 miles of street, including an exten-
sion to Sherman Heights completed in J uly, 1902. A further extension
of 5 miles to Chickamauga National Park is under construction, which
has been completed to Rossville, Ga.
Officers.— President and Treas., J. H. Warner, Chattanooga; VicePres., Edwin Warner, Nashville; Sec, T. P. Wells, Chattanooga.— V.
73, p. 183, 1312; V. 78, p. 583.
Jan., 1926
250,000
5g. F.-A.
J m ^ Tru8tee
at j^ Egtate ^ c
—
1901
Tnt
'
,
#>
CHICKAMAUGA TRANSFER
(1 )
.
>
CO.
Bonds, none.
Operates in
Stock, $10,000.
In connection with the Rapid Transit Co.'s lines.
Water Co.
United Rys. Light
&
Chickamauga Park
8tcck all owned by-
CHESTER, PA.
Statement of Chester Traoticn will be found under " United Power
& Transportation" at end of Philadelphia.
CHICAGO, ILL.
AURORA ELGIN & CHICAGO RAILWAY
;
;
5
\
Lookout Incline <t Lula Lake By.
65,000
Stock, $65,000
1947
65,000
1st mortgage, $65,000.... 1897 6 J-J
Road.— Owns and operates 6 miles of track from Chattanooga to
8t. Elmo, Lookout Mt., Alton Park, Forrest Hill Cemetery and Mountain Junction. The Lookout Incline & Lula Lake Ry. operates a cable
road of 5,000 feet and has 3^ miles track on top of mountain. Total
track, about 10 miles.— V. 72, p. 282, 776.
—
Sinking Fund After 6 p. o. dividend has been declared on stock, a
sinking fund of $10,000 per annum becomes operative on oonsols.
Dividends— First div. of ^ p.c. paid July 1,1903. In 1904, Jan., ig p o
July, i« p. o.
EARNINGS— For year ending Feb. 29, 1904, gross, $538,173; net, $187,281 int. and taxes, $154,334; sink, fund, $7,350; surplus, $25,597.
ROAD, ETC.— Owns 40 miles of electric road, of which 30 miles in
Charleston and 10 miles from Mt. Pleasant (connecting by ferry with
Charleston) to Sullivan's Island and Isle of Palms, a pleasure resort
on the Atlantic coast, including land at Isle of Palms, ferry, etc The
company has consolidated all of its three power stations; both railway
systems and light and power division are being operated from same
stations, the seashore division is connected by submarine cable.
OFFICERS—President, Philip H. Gadsden, Charleston Managing Di.
rector, Samuel H. Wilson, Charleston; Secretary and Auditor, P. J
Balaguer, Charleston; Cashier, W. B. Glenn. Offices, No 141 Meeting
St.. Charleston.— V. 75, p. 1 33; V. 76, p. 330; V. 78, p. 2010.
N. C.
RY-
MT.
Electric.
&
CHARLOTTE,
CO.
Stock, $20,000. Bonds 6 p. o., J.— J., $45,000. Operates a cable
road 4.000 feet long to top of Lookout Mountain. Stook is owned by
the United Rys. Lt. &. Water Co.
phia, Pa.,
& ELECTRIC CO.-
CHARLOTTE
ELECTRIC
road.
POWER
CO. -A
1897 as the Chattanooga Rapid
to Rapid Transit Co. of Chatt.
in
name changed
&
light plant, capital, $30,000.
Stock and Bonds—
Common, $150,000 ($50)
Richard
&
$316,000
GREENCASTLE
CHAMBERSBURG
ST. RY. -A
WAYNESBORO
Pennsylvania on June
1903;
Incorporated
& Water Co. of Philadelphia (whose officKoch, President; H. A. Richardson, Vice-Pres.,
and John W. Pittook, Sec. and Treas.) owns a controlling Interest in
The United Railways Light
ials are
Organization.— Chartered
165 .°0° July 1, 1931
1891 5J " J
?Vm
Toon* J} 13-84 American
$250,000 .$1,0000.
latM. «^ftnnn«
Loan & Tr., Trustee. Boston.
Int at
Earnings— For calendar year 1903, gross, $33,265; net, $15,962.
12-04 miles in length, extending from
Road— Owns road in operation second
track, 215 sidings, 34 total
Cedar Rapids, Iowa, to Marion
of all. 14-53 miles. Ralls 45 and 58-lb. T and elrder.
OFFICERS— President, P. E. Hall; Vice-President, W. D. Douglas;
Sec. and Treas., John S. Ely; Snpt., F L. Dlserens.
;
RAPID TRANSIT OF CHATTANOOGA-
Trolley.
Transit.
Miles.
;
1519
Third-rail electric.
Organization— Incorporated
Laws of lllinolB.
STOCK & Bonds—
Common, $3,000,000, $100
Pref.
6%
in 1899 under the General Railway
Date.
Interest.
Outstand'g.
Maturity.
$3,000,000
1,500,000 Jan.'03,3%
3,000,000 Apr. 15, '41
cum., $1,500,000
/«Q nnn nnr»\«i non ( 1901 5g. A.-0.1&
(
Tr * 8aTlD S 8 Bank Chicago', Trustee,
«oW can
cannot
not be called. i Intere8t
gold,
^
paya bie in Chicago and New York.
See leXt Sent X > 1913
6%
2d mortgage,
mortise »ouo,ouu..
$500 000 \} 1903
ZO.
AlDert j. Hopkins, Trustee.
Floating debt July 31 , 1904
363,262
Bonds.— A sinking fund of $50,000 per annum on the 1st 5s comi
=+
itr
Klied
Am
-
-
'
-
15, 1911. The second mortgage 6s were authorized
as collateral for the floating debt. Only part of them have been so
used, the remainder being held in the treasurv. See V. 78, p. 1108.
The first mtge. bonds are held In a pool. V. 78, p. 2383.
Dividends—First dividend of 3 p. o. on preferred stock was paid
Jan. 2, 1903. None since.
EARNINGS— 12 mos. to June 30, 1904, gross, $427,530; net, $187,259.
Road— Operates from the terminus of the Metropolitan Elevated
road in Chicago to Wheaton, with lines from Wheaton to Elgin, Batavia
and Aurora, 57 miles, making, with 26 miles double track, 83 miles of
track. Portion from Chicago to Aurora and Batavia was put in operation about Sept. 1, 1902. Portion between Wheaton and Elgin was
opened for business on May 26, 1903. Third rail, standard T» 100 lbs.;
track rails, 80 lbs.
OFFICERS—Pres., L. J. Wolf, Cleveland Vice-Pres.. M. H. Wilson,
Cleveland; Treas., M. J. Mandelbaum, 215 Garfield Building, Cleveland, O.; Sec. & Gen. Mer., Edwin C. Faber, Chicago; Auditor, C. E.
Flenner, Wheaton. Office, 630 The Temple, Chicago, HI.— V. 78, p.
p. 286, 342,1108, 2383; V. 79, p. 680.
mences on April
;
CALUMET
ELECTRIC STREET RAILroad.
AY.—A
trolley
"VV
to the National Bank of
in liquidation, (which holds $483,500 of the stock and
$2,926,000 of the 5s of 1894) and a receiver was appointed. Edwin A.
Potter in March, 1900, succeeded the late Gen. McNulta as receiver.
The latter in April, 1899, received authority to issue $850,000 more
certificates (5 p. c), in part to pay off an indebtedness of $368,200,
the rest for improvements. In Oct., 1903, a malority of receiver's
certificates had been deposited and a plan of reorganization was
under way. V. 77, p. 950. This plan, however, was abandoned in
December, 1903. V. 77, p. 2389.
Date.
Interest. Outstand'g. Last div., <£c
Stock
Bonds—
Stock ($100) (see text)
$500,000
Receiver's certificates
Receiver— In May, 1897, control passed
Illinois,
now
&
1899
1892
Cons. mort. ($3,000,000). 1894
(authorized $850,000).
1st M., gold, red. at 110.
5 p.
6 g.
5 g.
c.
M-S
M-N
669,000
6,000 Sept.
2,931,000 Nov.
1,
1,
1912
1909
Default— Default occurred May 1, 1897, on 5s of 1894.
ROAD— Operates a road, mostly doubled-tracked, embracing in all 77
owned and 3 miles leased. This road connects with
Cottage Grove Avenue Cable, Alley Elevated and Illinois Central, and
reaches South Chicago, Pullman, West Pullman, Auburn Park, Burnside and Manhattan Beach. 70, 83 and 85-lb. rails; 218 cars; also
15 new convertible double-truck cars. General Electric Co. equipment- V. 77, p. 950, 2389.
miles of track
1520
STREET RAILWAYS.
CHICAGO
CITY
RY.-Cable and
electric road.
AT-tAnniva
privileges in the south division of Chicago
The Cilv
a Ch
9
8ed a
80lUtio »
87rl°ch^e u n ti}lan l*',^
1
5 P endl
?.« settlement of franchise nesJtfations
tSiL if«\' ??
i
Certain
ordinances proposed. See V. 79,
1211,680,732
Organization— Incorporated in February. 1859 and has
surface road
™
S"
«tendffih^^
v
J>0te -
i
Outstanding.
n
!i J?*'Text.Q-M.31
e
Last div., etc.
$18,000,000 Sep. 30,'04,2V/i
1
er8 a tnoriz6d $5,000,000 additional
«',,?^ ,1 issue
stock '^2kli»tonn
S
stock,
mating total authorized
$19,000,000: $4 500 00O of the
t
a8 1 8
ly
1901(the'new stock Vas offend at P a?
toTha\ e°hold^r B o f rrn./'?
Jui e 15 ' 7- 2 P- 183 >. to retire on that day
r 500
$4
I outstanding now
d g h
b0 !,
d
8took
* TnGiq
$18,000,000.
vl«w nf
i5 *
^ .V
3 , tere st8 ^re seeking control, shar£
holders were aeCd in
!
81gn
a
prel
bninary
Protective
'
agielme^t v! 76Vp 265."'
8 prop08e d h
a
syndicate
to
purchase
this road
7
in^onn^fio^ith'^ reor & anlzation
J
of the Chicago Union Traction
Co. see V. 79,1, 90^.
81
D
7 ^Percent, were inl893,24percent; in 1894, 12
d o^l895 l2"?
P- n ii i
12P °,;, 1D 1897 12 P- °"' ln 1898 12 P- «•; in
1899 1 1 P
n «
l«"i^fi?%
1 1'ln 1901 lO'aP-o. In 1902, 9 p. c.
In 1903 9 »
a
In 1904,Mar., ^,
2 ^ P- c -: Ju °e, 214 p. c; Sept., 2*4 p. c.
d^V^' i p V,
904 com P a ny opemed 218 ?71 miles of
trac^viz^^Tni^rn^-^^ ,'681
183-96 miles. Equipment
Jan! 1 1904? rihi J?*£*;?**
"H<0p electric,
r8
g
232; Cable traU oar8 (closed,
281" ana open,
fi»?4
zai,
onen 271);
27n. electric
«l£,^f cars (441
open and 677 closed)- horse
cars (dosed, 6, and open 7); cable mail cars,
^ dectoo mail carsT
newspaper ca^l; total paseenger and other cars
1,924
Brkf*i^Htft°n«5?7iiA
St
k($100) $19.000.000
,
^
H
mtlX°?
™^J.
'
AV^q
l
^
.
,
.
'
-
.
Tn?^ ^
"
piSS-fo^aSSai
^
1
'
'
Depreciation
Dlvldends
-
l
TW
foM
s4
o^
^o^A
'
-&S
'
-
™o
'
-
-
!'
M
^^
'
aH ,^?^
'
-
CHICAGO & SOUTH SIDE RAPID TRANSIT
Side Elevated.
CHICAGO RAILWAYS CO.
GA ,ZAT
-~ Inc
RR.-(" ALLEY ELEVATED ")-See South
!}
!
ON
o r Po r ated in Illinois on Oct. 29. 1903
d with the
° Unlon Traction Co
Nominal
,?,"^
^lo'onS""^^
^yhioas
w.hl oa wU1
] lkel
be increased to $5,000,000. The
ake 0ver a rlgnts ot tne Union Traction receivers
fnd «fYh«^ii
V
under?ying companies,
and also to petition the city for new
SmShiSS
franchise^coyerlng
all territory
£?; l«„? nA°?°lt
1901
$5 900 271
3869 Ilk
(67-62)
$2031,098
$160,066
$180066
ifloono
'
W
CHICAGO UNION TRACTION.-Cable and electric
r
In
1903> ^ afael R Govln Ja8 H E «tels and
Ma^1haii F C,m
^
amp8el
w
appomted receivers of the Chioago Union
L
Tr^tion
a;§
Traction
pr11,
l°3%
,
$67,224
lB7'SS^l§^&%i^ff
^
occupied by the Traction Co!
OFFICERS.-Pree.. Alfred Skitt, New York;
Garv
Chic; Sec. and Treas.. H. B. Holltos.*. Y. Vice-Pres., John
City.-V. 77,p 1432| 174 6T'
(90/o)l,620;ooO(9°^)l,| 2 0?6oo ( io V/6)1 6
Mtta
,
,
>
now
fe5?58?
* 2 >°™.°™
'
'
Iap7tal°
-
1902
$6 413 182
4 336 504
$1 787 224
Balance, surplus
^
1 9 °0, President J.
H. Witbeck filed a bill for the ap"f
n
t
pointment
of a receiver, and on the 17th Frank H. Sellers
or
Omcago was appointed reoeiver; on Feb. 28, 1903,
Edwin J. Zimmer
r 8
On June 4, 1904, Mr. Zimmer was removed
'
y a t r 8ld6at ° f tb6 Pullmal1 Loa
a vingsBank?
wioto&l to h is
d
n e e8
e $l, 438 00 °o f een mortgage 5s has been in default
«in « M o ^ °n1900 and
ou the We8t & South To
6s since Aug,, 1900
$123,000 receiver's certificates have been issued
K
Dale Int -> Etc Outstand'g. JUl
Maturity
*'" r "2'' e
a$J°£
n &£°&P S—
etc
«
St'k, $10,000,000(par$100)
$500 000
Gen.
$3 000,000, g. )
1895 5g.M-N
MSsioOO
Nov"fl935
Red.aft.10 yrs.at 105 \ Merchants' £oan & Tr. Co.,
Cl.icago,trustee
S> T,o^ 8
I 8* \
16 1892 6g. F-A
290,000 Aug., '02-12
mort., gold
i Northern Trust Company of Chicago, Trustee!
0A
8 2
miles of track; extends from Wabash Ave. to 40th
\
+
Ave. on 22d St.,
also on 25th St.. Lawndale Ave., Kedzie Ave Homan
MOman Ave. and Tnroop St. Operates 20 oars.
'
FF
s ~~?,en 1 Iffr for Becelver, Glenn E. Plumb.-V. 74.
9rt°. V.
tP&S
J*
p 41 '
P
204;
77, p. 510; V. 77, p. 1873, 2097; V. 78, p. 1446, 2383.
^2j?
Report for 1903 ta Chronicle of
31,
<72-23)
Inte^t o n^ofd 8V.;:;;:-
™
K.a
'
lroma8trlteof "s em-
RY.-An electric road.
October 21, 1893, for 50 years. The
w9^QANiZA TictK -Incor P° rat eVd ™*
17 1&M)
PUrCha8ed to Ma^'
**'
tnd'consoSef
1011
1903.
$6,435,565
4,648 341
ea
CHICAGO GENERAL
^
C ° mPany SUffer6d
R
8Cal y6ar 6nd8 Deo
Fe b! 27? i9o^.
Tear ending Dec. 31Gross earnings
Op. expen. and taxes
P. cop. ex. to earns
'
[Vol. lxxix.
-
a
-
'
-
re
®,
also of the North Chicago Street RR.
and
Chicago Street
On Feb. 17. 1904, John C. Fetzer and the West
a PPo te d to succeed Messsrs.Govin and Eckles Henrv
as rec^fvets
of!? ,«Twn
1 Mr Fetz er w111 al8
° h ° managing receiver
of the UnionT^L'p^Tf'
,
J^e/eceivership
was
the result of default in the
payment^?
inenx, or interest on five notes.
p<*j
The notes were for <K^i s 797
C
65 8 9 a « a,n " t th ^ NorthChicago
and
$276,678
$127 159
66,883,346 transfers,, 195,
RR
A
m
'-
^S?"
NET EARNINGS FOR 9 YEARS.
1903
$1,787,224 1900
$1,888,178 1897
$1,907,534
1902
2,076.678 1899
1,868,762 1896
1,831,658
1901
2,031,098 1898
1,906.316 1895
1,669,098
„
OFFICERS-Pres^, David G. Hamilton First Vice-Pres.. Lawrence A
YouLg; 2d Vice-Pres., Albert W. Goodrich; Gen.
Man Mason B starring; Sec. and Aud., C. Nesbitt Dufly; Treas., T
C
Penlnlton -V 78
p. 768, 816, 1108, 1167; V. 79, p. 211, 680, 732, 902.
W
^*
Sample
tnd $'70^7e'^ B i^t t?-'^ i n
Chlca ^° Company. Interest falling due
on the bond , 01 th e West Chicago and
the
North
Chicago
companies
°nH«t, t?.^,
6^
aotion b >nd8 haB been p£d asdu"
On Jnlv 2% 19o¥°«a nnn
ec '^
lve 8 certiflca tes were authorized to
:
provide for'flo^;,!
? West/and
/ North
at ug debt 0I
Chicago companies and of
TT,?in^Tr»Li^ n ^ mpa
Receivers were also authorized to take up
y
the Sinn^ooo°h n^°
?
A?*' l 1903< of tbe Cnio Pa88
In
Marob
c
1904
y
«oo iSn certificates were authorized to pay for new
„,'
r„i r*i$ 500.000
a
TRACTION-Trolley.
190
151 875 ' t0 P a y tbe semi-annual interest
on
?
ther«fi
HISTORY -Successor in Jan., 1898, to Englewood
$6,750 000 Consolidated Traction 4 H per cent bonds
due June!
By., foreclosed per plan in V. 65, p. 728. On June & Chicago Electrlo
13, 1900 Charles ^o'n,^*„S' ,-i, l? Au S'» 1904. West Chicago and North Chioaeo street
Henrotin was appointed reoeiver on petition of the trustees
ad8 Jojntly issued $300,0 )0 of equipment
obligations to nay tor
ga °- 18 "' ° n wh ioh no interest has ever blenTaid of the 1st n«wn
fftements of those companies and also V. 79. P 732.
V
70
o J gf Ot
p
In Sent f^
wa8 Ranged fr om storage battery to overhead
8 ru morea *at after settlement of
the franchise
l^Stv ?„ iM?1
Question a
* indicate
l^rt'in^-*would acquire the
W aUth0flZed t0 l88Ue certificates, a^ ?hf
Chicago City Ry and Dossiblv
„,
-lK2?fflSd.
8and brlng about a genera* consolidation^
°
V.
79?P 902
EW S C
S
Auth<> ri^**•«*.
St?c k to oe ^{5'I y;ars)
r
,.O QANIZATION.—Incorporated In Illinois June 3 1899 bv th« v\
in voting trust
$2,000,000
)
1st mort., subject to call)
1899 5 g. J650 000 Tan 1 1Q9Q
C °- N
*-'
>
1899
two systems were leased, the West Chioago for
5 A-O
for 5 years
2,000,000
Jan.
1, 1929
J
a yearly rental emfaitS
e North
The holders of each of the old first mortgage bonds
to
Ser^centVn
($960
000*
the
8
tock
the
le
ases
being dated June 1, 1899 Bv a trl00
B a as valid re ceived ln exchange per
.
SoL^«
$1,000 bond If subsorlSS
S!
U
1
011
th " 8ame date the Union Tractifn
n
a
b °j*». *3oV; 7onToHdated mort- Company^
B roWtoL^ronk
,
,
gs ° r stock ^^,
of the two
ra /efl 000°s tocL
roads
were to remain in trim*
T
S
Both mortgages may be increased to any ^Vir^u eJJ'bnois
*' $ 2 000
Trust
Inf^SZY^},
Savings
&
Bank
of Chicago "for^ all time'' as
d
d
n W P Pe
n0t
r^J?
ei0689 ° £
8
a
guaranty fund to secure the leases. See
°>° 00 per mll «
^rrsl mTr?g ag°e!L v 6 8y p 2lL'
V. 68, p. 1131
n
rl
h
Le
a$e ° ^^^««- -Leases were modifled as
7 "" 1903 '*™**' $126,235; operating |expen.
L°a8 to ao
03 80
p i 1?<$r\
,5"™ °L
require rental payment
equal to 6 and
?.
P
en f
e
V
nl,r iD a8 e earning8
arrsufflcleni for the
°. ,
purpose
ROAD— In Oct.. 1904, 31-3 miles of track were in ooeration—
feD*t5
f«
Per
cent
frnm
dividends
on the respective stocks
operauon-from are to be a«L^»ti™„l
63d Street to Blue Island and Harvey.
e ea
a
W h ,C
?Sol) ttfey SSSSffi'S? otl!g!Cy^1Ja
President,
OFFICERS—
Isaao
an'd
L.
rIe
Bice, New York- TreasnrAr
7aTlu
n r e to ffy^
_
t
a
at a
d e aUlt
P
Ba
der
N
the
w
ork! General Manager,
leVsea^a
aforto"t
H. Conrad ChicagHu -V* 67
u?e^?hJSaianS
f5ft, S.
f u nd
d D vid« n 8
p. 1002; V. 68, p. 231, V. 69, p. 1063; V. 70, p. 175; 739, fl94,
i 2 48
;>ad
ull5aSe^^
nWw™*
;
,
r.
-
,
^' J
'
WS
-.
CHICAGO ELECTRIC
^^^p' ^*
wWli% T
I
-
-
«™
'
1
1
S
»
i
J
"
,
^ **"*
^^ ^
He
™
O^Fffi <K£i J£>
?
'
S^ f
^otorTfflM W
'
^JTW
.
i
-
1
i
U
*
,
olS
t&Vwf^&l
*
T
',
,
tSV
W
J
L
onS^rf
,?^
T
-2El?A2P & MILWAUKEE ELECTRIC RR.
—
Organization This company was sucoessor bv Tmrf>>mn« nn tv«
81, 1902, of the Chicago & Milwaukee Electric Railway Co
wnicn in
winch
to
turn was successor to Bluff City Electric St. By.
~
DaU
M>.S
Interest.
OiUsJand'g.
§T2 C
Maturity.
Stock, $5,000,000.
$3,300,000
O. & M. E. Ry. 1st M.,
5g. J.-J.
1,000,000 July 1 1919
$1,500,000, g. ($1,- 1 899
000 each) c; may be- Int. at Standard Trust Co., N. Y.. & Clev Tr Co
Cleveland
Trust
Co.
and Royal Trust. Co.!'
called any int. day
Chicago, trustees.
at 105 and int.
C. &M. E. RR. IstM.
9 2
J
2,300,000 July 1,1922
J ? . 5g
$5,000,000, g. ($1,- Int.
at Merchants* Loan
Trust Co.. Chicairo
000)
c I Trustee, or Nat. Bank of Commeroe, N.
Y. '
Bonds—Of the $5,000,000 Railroad Company bonds authorized «1
000,000 are reserved to retire a like amount of bond!
ISSiSiS
Company, and the remaining $1,700,000 for extensionsofthe
at 75 v
of
act-.ial cost.
Bonds are not subject to call.
Sinking fund on the tiailwav bonds of $50,000 per vear begins with
P
1'
° re than th6 S 1 000 000 ot tue se bonds
oufstandtoS
&&.Q
($30 000 on the West Chicago and
fto.OMon
I^aa^sfa^tr^r
the
NorthChicae^Oo?
-
,
)
„
-
i~
-
&
^^^^^^^^^^i^^^
2"&TVf? d ^
a
^Si
l
Janrifl^^lTpf
T
,
l8
SSWtariM
frwSbiM B tnd to^.in «
mu,ch,TOn
01,
Ct
as
^sa
6a N °rth <»*»*>
* t0 °*>
ntton a8 t0
company brought
e company's
suit in the
S.
Sl!^
w
CbTcago annorVchicago roads'^Se'eT
99-year franchise under the Act of Feb 6 'l8fiH P
'
v
U
the 7°«*
la
8
« fr?/ °T ^? a
do
m
SuTbe issued.
Report— For years ending Dec.
—
19ol
1902....
190-?
S
<R2ft9°S i7
«io^ft,
2n
$
i?n£ 2
110,746
'
'
31:
Otter income. Fixed charges. Survlus.
$1 985
$101,S05
$93,800
ion'?fn
190,110
50,000
60,746
Latest Earnings-—Jan. 1 to Aug. 31-In 1904: Gross $270'5fi'v
70
565
net, $162,217. In
"
Co^urt decided hi
'favo?or
G
8 ° Up
tiP»
and Jenkins,
in the U. S.'CircuTt
'
1903: Gross, $153,715; net. $98,600.
^
'
'
OAD T I *engV1/ 7 9 mUe^' including extension to Llbertyville and
«*P r 01
L'ne from Waukegan to Evanston was opened in Auk
P .? 18
?o„o
1899, and
extension to Llbertyville ln Sept., 1903. A large portion of
road is built on private right of way and between Evanston
and Lake
Forest the road is double track. Rails, 65 and 85 lb. V 67
p 900
tlone
g
S
U6g ° tla'
r«pec§ng the frSi8e que^tlon:^ 3 p°2
79
Ji^I
-
% ss^Sf^. %
nitoo^sasifji asss. iztzt. 7
An
extension to Kenosha, thus providing a through line to Milwaukee, is
proposed
OFFICERS-President. A. C. Frost; Secretary and Treasurer, Georjre
M Reward. Office, 108 La Salle Street, Chicago. -V 77, p. 510; V.78,
-
in
8 called Mueller ,aw ^as enacted
nito?K™&S
p0
rit^o ^' W °;
Always under certain
oondmons
1
v.
TlVl
I
Prol^mnn^
—
—
:
STREET RAILWAYS.
Oct., 1904.]
auoh city and approved by a majority of those voting. The Chicago
City Counoil on oot. 19, 1903, passed an ordinance providing for a
vote on the proposition at the election to be held April 5, 1904. V. 77,
p 1553. The vote at this election was in favor of oity ownership.
SeeV. 78, p. 1391,1408.
STOCK and Bonds.—The $12,000,000 preferred stock was subscribed for at par, a bonus of 50 per cent, however, being given in
oonunon stock.— V. 68, p. 1225. There was thus $2,000,000 cash left
after the payment of $10,000,000 to Mr. Yerkes, and this $2,000,000
was spent for improvements and extensions of the lines acquired.
In December, 1899, both issues of stock were listed on the New York
Stock Exchange. V. 69, p. 1299.
Divid't.
Date. Rate. Outstanding.
8tock, 00m., $20,000,000,
$20,000,000
par$100..!
Stock, pref. 5p.c, $12,000,12,000,000
Oct, 1900,H4%
000, par$100, cumulative
DIVIDENDS— Dividends of 1^ p.o. were paid on preferred shares Oct.,
1899, and Jan., April, July and Oct., 1900. In Deo., 1900, it was decided to suspend dividends- None since.
Road—Total mileage of lines operated
Electric.
Horse.
28913
175329
6-832
18-120
75-020
181-170
-940
iiabte.
West Chicago St
North Chicago 3t
Chicago Con. Traction
Grand total
(single track). ..47033
431-519
7-772
Total.
211-074
91-080
181-170
486324
RECEIVERS' Report— For the year ending Jane 30, 1904, receivers"
reported gi oss reoeipts of $8,590,467 and net income of $2,618,270—
see V. 79, p. 624. For the nine months ending May 31, 1904, the
receivers furnished the following figures:
West
North
Chicago.
Chicago.
$1,021,298
31,255
$575,475
17,014
$121,216
t0,204
Total lnoome
$1,052,553
Deduct—
Taxes accrued
$125,494
Int. on funded debt...
453,615
6,900
Int. on mortgages....
51,162
Int. on floating debt..
$592,490
$181,420 $1,826,463
Bent, leased lines a ec r.
S 9 1 ,474
Total
$1,028,645
Surplus
$23,908
Also deduct—
Chicago Consolidated
Traction deficit
$256,332
Reter\ e depieciation..
510,386
$123,814
173, a 85
675
104,330
155,602
$30,457
439,372
$557,806
$535,647
6,193
59,625
$1,717,!
90
108,473
$279,765
1,066,872
7,575
161,685
606,701
$2,122,098
$34,6£4(Ie.$384,227de.$2»5,635
$127,895
218,418
$758,804
$376,313
$341,629
$736,718
$758,801
$712,810
$354,227 $1,064,439
75-61
74-97
8800
Per cent oper. exp
"Interest on funded debt" here consists of interest on bonds of the
West Chicago Stre*t RR Co. and the North Chicago Street RR. Co.
Rental of leased lines accrued consists of interest on b nds of Chicago
West Division Ry., Chicago Passenger Ry., North Chicago City Ry.
and of the guaranteed dividends on outstanding^stocks of those comTotal
Deflolt
panies.
V. 78, p. 2411.
OFFICERS.— Pres. and Gen'l Man,, John M. Roach, Chicago; 1st VicePres., R. A. C. Smith, New York 2d Vice-Pres., Walter H. Wilson, Chicago; Secretary and Asst. Treasurer, Markham B. Orde; Treasurer,
James H. Eckels.- V. 78, p. 286, 288.701,768, 819, 1391, 1408, 154?,
2333, *381. 2441; V. 79, p. 210, 211, 624, 732, 902.
;
(1)
CHICAGO & JEFFERSON DRBAN TRANSIT.
Dale. Interest. Outstanding.
Maturity,
6 M-N
$208,000 Nov. 1, 1915
1st M., guar. p. and 1., West? 1895
Chic St. Ry., see text... \ Interest at Chioago office.
The first mortgage is for $2,000,000, but additional bonds may be
issued for extensions, etc
CHICAGO CONSOLIDATED TRACTION.— Electric roads.
14, 1900, the directors of this company authorized agreefor the absorption of the company by the Chicago Union Traction. The latter company paid $45 in Chicago Consolidated Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50 in
cash for each $100 of stock. V. 70, p. 791. All but $46,650 of the
$15,000,000 stock of the Chicago Consolidated stock is understood to
have been exchanged in this way for bonds. Sutro Bros. & Co. of N. Y.
sought to have the arrangement declared invalid, but Judge Gibbons, at
Chicago on Apr. 17, 1901, refused to grant an injunction. Suit finally
settled out of court. V. 75, p. 1030; V. 72, p. 775.
Organization— The Chicago Consolidated Traction was organized
suburban lines of Noith Chicago and West
in Feb., 1899, to unite the
acquired the stock of the following roads (V. 68, p. 769).
Stock
^Trac. Stk. Its. Therefor.—
Name.
Chicago Electric Transit
North Chicago Electric
Chicago North Shore St. Ry
North Side Electric
Evanston Electric
Outstand'g.
Bate.
$
%
250
175
North Chicago
200
50
62
55
55
Amount.
$
3,750,000
3,500,000
Leased to
Electric
1,500,000
3,000,000
500,000
1,000,000
Cicero <fe Proviso
1,550,000
2,500,000
Ogden Street Railway
1,100,000
2,000,000
Chic. & J efferson Urban Transit 2,000,000
1,100.000
12,500,000
14.500,000
In addition, $500,000 of Chicago Consolidated Traction stock was
sold for cash, making with the foregoing the full total of $15,000,000
stock outstanding.
Date. Interest.
Outstand'g
Maturity.
STOCK dfc BONDS
Stock, $15.000,000
$15,000,000
New 1st mortgage gold 5 1899 419 J-D
6.750,000 Dec.l, 1939
(Int. at Equitable Tr. Co., Chicago, Trustee
$6,750,000
1,500,000
2,000,000
&
Savings Bank.
Outstanding.
Interest.
1st mortgage, 1889
Interest on 1st mortgage at Farmers'
6M&N
50
L
18q5 A'l 000 ^° W*
1
CWo'lt R'wa?:fnd._
5
C
$84,000
Loan & Trust
Maturity.
Nov.l, 1904
Co., N. Y. City.
M&N
$1,908,000
May 1,1915
Tru8t & 8av '* 8 Bank tru8tee
$92,000 consols of 1895 are reserved to retire the remaining outstanding firsts; and $500,000 for improvements at not exceeding 75
per cent of oost.
5g
'
'
Int 8t at
nh
>
-
OGDEN STREET RAILWAY.
Date.
1st
gu.pii.W. Chic, end.
6
Trustee
j
Outstanding.
Interest.
M ($1,500,000)....) 1896
M-N
is Illinois
Maturity.
$750,000
May 1,1916
Trust & Savings Bank.
The supplemental mortgage, executed Jan.
22, 1898, limits the issne
bonds to $1,500,000. Additional bonds (beyond the $750,000 out)
can be issued only for 75 per cent of the cost of new construction.
of
EVANSTON ELECTRIC.
Date.
Mort. for $1,000,000
currency
Outstanding.
Interest.
6 F.
A.
&
Maturity.
Aug. 1, 1916
$130,000
Guar, by North Chioago Street Railway.
)
1
NORTH SIDE ELECTRIC STREET RAILWAY.
1st M. cur., gu. p. & i.
(end.) byNo.Ch.St.RR.
Interest.
1895
M-N
Outstanding.
Maturity.
#155,000 Nov. 1, 1915
S Trustee, Illinois Trust & Savings Bk., Chicago.
The
Interest is payable at Chicago office or the fiscal agency.
mortgage provides for the issue up to $1,500,000 at not exceeding the
cost of construction; further bonds oan be issued at 75 per cent of
oost of extensions and improvements. (See guarantee V. 62, p. 414.)
NORTH CHICAGO ELECTRIC RAILWAY.
)
6
Date. Interest.
1st M., $1,000,000 ($1 ,000
lg94 6 F
_
Outstand'g.
Maturity.
A
$868( ooo Aug. 1, 1914
Int at Iuinoi8 Tru8t (trustee), Chioago.
£l end
)
The bondsareguaranteed, $688,000 by North Chicago, $180,000 by
West Chicago Street RR.
£
-
CHICAGO & NORTH SHORE STREET RAILWAY.
Date. Interest.
Outstand'g.
Maturity.
J. $650,000
See text.
Capital stock,6p.c.guar.
1894
675,000
Apr. 1, 1912
6g. A-O
1st M., $1,500,000, g.,
Subj. to call at 105 any Apr. 1 after 1905
guar. p. & i. (end).o*
The bonds, guaranteed by endorsement by the North Chicago Electrio
Railway, and the stock guaranteed 6 per cent per annum by the same
oompany, are listed on the Chicago Stock Exchange.
Interest is paid in New York by Chase Nat. Bank and in Chicago at
Illinois Trust & Savings Bank, Trustee.
ROAD-—The property embraced in the constituent companies consists of 181 17 miles of single track electrio street railway, located in
the City of Chicago, the township of Cicero, and the City of Evanston,
all in Cook County. The lines extend over the entire north, northwest.
west and southwest sections of the City of Chicago and connect at
their respective terminal points with the lines of the North and West
Chicago Street RR. systems, over which passengers are carried originating on the lines of the Consolidated Traction and vice versa.
Rails are Johnston- girder, 75 to 85 lbs.; gauge 4 ft. 8 4 in.
EQUIPMENT.—Motor cars, 269; trailer cars, 62; motor equipment 208.
OFFICERS.—Pres., John M. Roach; Vice-Pres., Edwin S. Harwell:
Sec. acd Treas., C. F. Marlow. Transfer and General Of/ices— 5i Wall
St., New York, and 444 North Clark St., Chicago.—V. 76, p. 1191, 1299;
V. 78, p. 768, 2383.
6Q—
•
ment
It
Trustee, Illinois Trust
CICEEO A PROVISO STREET RAILWAY.
On April
Chicago.
1521
Date.
Chicago
Total
Con sol. Trae.
of all.
Grose earnings
$4,003,850 $2,266 331 *985,753 $7,255,934
804,537
Operating expenses... 2,982.651
1,690.856
5,537,944
Net earnings
Other income
J
-
(2)
NORTH CHICAGO STREET RAILROAD.
Receivership— For particulars see Chicago Union Traotion Co.
above.
Organization— Incorporated under the laws of Illinois in 1886. It
controls the surface street railroad system in the North division of the
city of Chioago, through the purchase in 1886 of 2,501 shares out of
a total of 5,000 shares capital stock of the North Chicago City Railway Co., said road being leased for 999 years from 1886. Franchise
•laimad to be 99 years from Feb., 1865, and contention upheld by
U. 8. Circuit Court in May, 1904. See V. 78, p. 2333. Annual payment to city for electrical franchise, $25,000, car license, $50 per oar
per annum, 1 3 trips per day to a car.
In February, 1899, all the suburban leased lines of the North Chicago
and West Chicago systems were united under the name of the Chicago
Consolidated Traction, which see above.
In June. 1899, the North Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 12 per cent on the stock. V. 68,
p. 1131. Io Aug., 1903, lease modified so as to require 12 pe cent
rental only If earned. For first five years stock is to have a claim for
8 per ce r t cumulative dividends, and after that a minimum of 8 p. 0.
is guaranteed.
For terms in detail see Chicago Union Traction. Payment Jan. 15, 1904, was only l^ p. 0. V. 78, p. 229.
STOCK AND BONDS—
Date.
Stock ($10,000,000) ($100)
....
Interest.
Q.—J
J- J
Outst'ding. Lastdiv.<6c.
$7,920,000 Ja.15'04,1 Wo
1906-9-16
3,171,00'>
mortgage ($500), &c> 1886 5
Currency
5 Fidelity Trust Co., Philadelphia, Trustee.
CO O
r
g
1901 4 ^. A " °
1-614,000 Apr. 1, 193!
800 O00^Sd (li ,00
0O^?"
° I Northern
Trust Co. of Chicago, trustee.
$
Series A.! ... ..
N. C. City Ry.'Co. "stock
See text. 30% per year.
30 Q-J
1st mort.. our'oy($l,000>. 1880 4 J500,000 July 1,1927
2d M. ($2,500,000) cur. * , BQ7 4
'
±^
»
*
nn nftft
M
Nov .l,1927
N
l887
^
2,500,000
Trustee, til. Tr.& S.Bk. 1
The new bonds for $6,750,000 are guaranteed, principal and interest.
"N
See text.
M
280,000
i904
6
«•
Fnum 0011.,
ohli g.
a(<R1 00m i
($1,000)
by the Chicago Union Traction. The Chicago Consolidated Traction ±.quip.
at Standard Tr. Co., New York.
when it was organized assumed the bonds of the constituent companies Floating Debt June 1, '04 £ interest
2,316,000
(which it agreed to guarantee) and also the lease of the Chioago North
Stook of N. Chi. City Ry. Co. not owned by N. Chi. St. RR. Co., $2*9,Shore Street Railway under which 6 per cent dividends are paid on
the $650,000 stock of the latter. The statement to the New York 900 (par, $100), receives an annual rental of $30 per share. North
Stock Exchange under date of March 27, 1899, showed that the mort- Chicago City stock for $250,100 is owned by North Chicago Street RR.
Bonds.— Under the North Chicago Street RR. 1st mortgage the
§age indebtedness of the constituent companies tssurued aggregated
6.085,0< 0. including the $650,000 stock of the Chicago North Shore following bonds have been issued: Dated July, 1886, due 1906, $1,Street Railway. Below is the debt of the constituent companies in 500,000; July, 1889, due 1909, $1,250,000; Jan., 1896, due 1916,
$421,000. The North Chicago City Ry. 1st mortgage for $500,000
detail. By the terms of the several trust deeds of these mortgages, no
additional bonds can be issued except for construction, and then for was originally a 6 per cent issue, but when bonds fell due July 1,
1900, they were extended for27 years at 4 per cent. See V. 70, p. 1195.
only 75 per cent of the actual expenditure therefor.
Under the consol. and ref. mtg. the company covenants not to issue
Obligations of Subsidiary Companies.
any more bonds under this mortgage.
Of the $4,800,000 consol. and ref. bonds of 1901, $1,614,000 "Series
CHICAGO ELECTRIC TRANSIT.
A" were issued to retire the old 6 p. 0. debenture certfs., $3,171,000
Date.
Int'st.
Outstandng.
Maturity.
BONDS
are reserved to take up the first mortgage 5s due in 1906,1909 and
IstM., guar., no option ($1,000) 1894 6 F-A $1,097,000 Aug. 1, 1914 1916, and $15,000 to pay off a mtg. on Dearborn Street property.
Interest is payable at office of trustee, the Illinois Tr. <fe Savings Bank.
Has guaranteed $688,000 North Chicago Electric Ry. and $255,000
This mortgage provides for the issue of $2,000,000 bonds at Chicago Electrio Transit bonds; also North Side Electrio St. Ry.,
not exceeding the cost of improvements, extensions, etc., and for $155,000 bonds, and Evanston Eleotric Ry., $1°0,000 bonds.
additional bonds at not above 75 per cent such cost. Of the $1,097,000
The equipment obligations in table above mature, $56,000 annually,
issued, $842,000 are guaranteed by the West Chicago Street RR. and on Nov. l,from 1904 to 1908, inclusive, and were issued to provide
$255,000 by the North Chicago Street RR.
for 80 p. c. of the cost of 70 cars. See V. 79, p. 732.
1st
See text.
'*'
^^
[Vol. lxxix.
STREET RAILWAYS.
held
Stock— Outstanding stock
$7,920,000, of -which $5,920,000
CHICAGO & OAK PARK ELEVATED RY as above. V.
761, 811;
by the public and $2,000,000
1522
is
is
in trust
66, p.
V. 70, p. 46, 1195.
DIVIDENDS. * 1893. '94. '95. '96. '97. 1898. 1899.1900-011902-0312 12 Below. 12
percent. 5 12
12
12
12
12
In 1896, 12 p. c. in cash, and 20 p. c. extra (10 p. o. in stock and 10
p. c. Li 6 p.c. certificates of indebtedness). In 1903 quarterly payments were at 12 per cent rate until Oct 15, when an interim div. of
lis p. c. was paid. In Jan., 1904, 1H p. c. None siuce.
ROAD—
Miles.
Cable
1812
Horse
-94
Miles.
I
75-02
Electric trolley
1
9408
Total track operated
Officers.—President, John A. Rose, Chicago Vice-President, H.
F. Keegan, Chicago; Seoretary, F. E. Smith; Treasurer. M. B. Orde.—
V. 77, p. 746, 1875; V. 78, p. 229, 288, 769, 2385, 2442; V. 79, y. 734.
I
;
(3)
WEST CHICAGO STREET RR.—
ORGANIZATION—Incorporated July 19, 1887 under laws of Illinois.
LEASES.— Control of the Otii. W. Div, Ry. (96 miles track) was acquired through purchase of a majority of its shares (6,251) of capital
stock, and the road leased for 999 years from [Oct. 20, 1887, at an
annual rental of $35 per share, the principal.and interest of its bonds
being assumed— see V. 65, p. 281. Of the Chicago Passenger Ry. Oo.
(34 miles track) stock, the Chi.W.Div.Ry Co. owns amajority ($730,100),
and the road was leased March 15, 1889; lease extended in 1897 for 50
years to the West Chicago Street RR. The West Chicago St. RR. Co.
agrees to pay 5 per cent a year on capital stock of the Passenger Ry.
Co. and to guarantee its fixed charges. The West Chicago formerly
leased Cicero <fe Proviso St. Ry. and Ogden St. Ry., but these roads have
now passed to the Chicago Consolidated Traction.
In Feb., 1899, all the suburban leased lines of the North Chicago and
West Chicago systems were acquired by the Chioago Consolidated
Traction, which see above. V. 68, p. 86, 769, 1 195.
In June, 1899, the West Chicago was leased to the Chioago Union
Traction for a yearly rental equal to 6 per cent on the stock. V. 68,
p. 1131. In Aug., 1903, lease modified and 6 per cent required only
if earned.
Minimum dividends of 4 p. o. will be cumulative for five
years, and thereafter obligatory. Further details will be found under
Chicago Union Traction.
Receivership— In April, 1903, property was placed in the hands of
receivers— see remarks above under Chicago Union Traction. Court
ordered reoetvers to take up the Chic. Pass. Ry. $400,000 bends, due
Aug. 1, 1903.
Chicago Passenger Railway Franchise expired in April, 1904. See
V. 78, p. 1549.
Date.
Interest. Outstand'g. Last div., <£c.
Stock
BONDS—
Stock, $20,000,000 ($100). text.
Q.-F. $13,189,000 Nov. '03. %%
1st mortgage, $4,100, ( 1888 5
M.-N.
3,864,000 May 1, 1928
o \ Illinios Tr. & Sav'gs Bank, Chicago, Trustee.
000, $1,000, b. f
J "D
497,000 Deo. 1, 1914
nfthantures <61
000
n* i 1894 6
Debentures,
$i,ooo....o
Subject t0 call at par after 1899Consol. M., $12,500,000g. J 1896 5g. M.-N.
6,136,000 Nov. 1, 1936
($1,000 each)
o* {Cent. Tr. Co.,N. Y. & Q. Sherman, Trustee.
Subsidiary lines
W.Ch.St.RR.Tun.Co.lstt 1889 5 F.-A. $1,500,000 Feb. 1, 1909
guar. p. & i
end. o. ( Illinois Tr. & Sav'gs Bank, Chicago, Trustee.
Power house mortgages.1888-9 5 p.c.
1928-9
184,000
Chi. W. D. Ry. Co. st'k 100
$35 Q.-J. 20 See text. 35% per year.
1st mort. 4ias, ($1,000).. 1892 413 J. -J.
4,016,000 July 1, 1932
Chic. Pass. Ry. Co. stock
5
1,340,300 5%pervear.
Consols. $2,000,000 our- ( 1896 5 J.-D.
1,600,000 Dec. 1, 1936
rency
Equitable Trust Co., Chicago, Trustee.
X
See text.
520,000
6g M.-N.
Fnnln obii.,
nhli g.
„ i«i
OM) .. J 1904
($l,O0O)
Equip,
iQt at 8tandard Tr Co New York.
Floating debt Jane 1, 1904
1,090,000
Interest is payable at company's office.
Bonds.— Of the $12,500,000 consols under the mortgage of November, 1896, $3,864,000 can be issued only on retirement of an equal
amount of the outstanding first mortgage 5s, and $2,500,000 for improvements and extensions at 75 per cent of the cost thereof.
The mortgage covers 202-7 miles of track, including West Chicago
Street RR., 72-7 miles (owned); Chicago West Division Ry., 96 miles
(leased), and Chioago Pass. Ry., 34 miles (leased). See V. 64, p. 176,
333, 472. Chicago Pass. Ry. consol. 5s were reserved to retire 1st 6s
due Aug. 1, 1903, but at maturity they were taken up by receivers.
The $497,000 of West Chicago debentures were on March 27, 1901,
called for payment June 1, 1901, but call afterward rescinded.
% The equipment obligations given in table above mature, $104,000
annually on Nov. 1 from 1904 to 1908. inolusive, and were issued in
payment of 80 per cent of the cost of 130 new cars.
Chicago West Division Stock is $1,250,000, of which $625,100 is owned
by the West Chioago Street Co., the remainder ($624,900) being guaranteed 35 per cent yearly under the lease. Chicago Passenger Railway
Stock $2,000,000, having been increased from $1,000,000 in 1896,
but only $1,340,300 stock has been issued. The West Chicago St. RR.
Co. guarantees under operating contract 5 p. 0. on stock, of which
$730,000 is owned by West Chicago.
General Finances.—Application dated June 29, 1897, for listing
the stock and bonds on the N. Y. Stock Exchange was given in full in
V. 6 5, p. 281, wi th detail ed in f ormat ion as to the leases of the company.
&
-
-
-J
—
-5
>
DIVIDENDS- I l8§9Ti8<56Tl89T7T892ri893. 1894^95 to Aug.
per cent.. 5 5
5
6
7^
9
Under modified lease interim dividend of
None
15,'03
6 per ann.
9
3t p. 0.
paid Nov. 16, '03.
since.
INROAD.
—Owns
and leases 211-07 miles traok, operated as follows
Cable, 28-91 miles; electricity 17-V33 miles; horses, 6-83 miles.
OFFICERS.— President, John A. Rose, Chicago; Vice-President, H. F.
Keegan, Chicago; Secretary, F. E. Smith; Treasurer, M. B. Orde.— V.
77, p. 351, 1875; V. 78, p. 704, 2386; V. 79. p. 735.
^GENERAL'ELECTRIC RAILWAY. WW wim
•^Organization— On January
18, 1896, obtained a twenty-year franchise for a system of lines from the Dearborn Station, south on Plymouth
Custom
House
and
Places, and Dearborn Street to 22d St., connecting
at 18th St. with the Chicago Union Traction Co.; at Archer Ave. with
the Chicago City Ry., and at 22d St. with the Chicago General Ry..
and In February, 1897, additional franchises were granted, whloh,
together with the first-named, cover 56 miles of track. Is in operation from Dearborn Station south to Twenty-second St., embraolng
2»* miles of single track. Further construction is shortly to begin.
The company agrees to pay the city 5 p. 0. of gross for second five years
of franchise, 7>s p. c. for third five years and 10 per cent for last five
years.
Outstanding.
Interest.
Maturity.
Stocks
Bonds— Date.
&
Stock, $5,000,000
l.tM gold
cnM\
istM.,
<1896
5g.
A-O
$5,000 000
500,000
abt.
Oct.,
1916
^Interest at Morton Trust Co.. New York.
Mortgage authorizes a first issue of $3,000,000, then $2,000,000 for
extensions, and additional amounts at 85 per cent of cost of still
further extensions and improvements. Trustees, Title Guarantee A
Trust Co. of Chicago and State Trust Co. (now Morton Trust) of New
York.-V. 66, p. 1188.
Officers— President, J. D. R. Baldwin, New York City; Vioe Pres't
Ferdinand Goss, Chicago; Secretary and/Treasurer, Jos. D. Goodman, Chicago. Office, 356 Dearborn Street, Chioago.
Organization.— This company was incorporated in New Jersey on
April 23, 1904, to hold all the securities of the Chioago & Oak Park
Elevated Railroad Co., formerly the old Lake Street Elevated Railroad reorganized per plan in V. 77, p. 1874; V. 78. p. 1392. The old
$10,000,000 of common stock paid an assessment of *2 per share, and
received $4 in new preferred and $40 in new common stock for each
share of old stock.
Outstand'g. Maturity, Etc.
Date. Interest.
Stock
Bonds—
&
Common,$6,000 000,$100
Pref.,$3,200,000,
5%
n.o.
$6,000,000
3,200,000
I
5
$10O
LakeSt.El lstM.,$5,000,- > , QQ o
kt t
5,000,000 July 1, 1928
lbyd
° d "^
000, gu. by N. W. El.
<
Amer. Tr. & Sav. Bank, Chic, and Equtt Tr Chic, trustees.
2
350,000 Jan. 1, 1909
Debenture notes
190*
Bonds. -First mort. bonds assenting to reorganization were stamped
subject to call at 105 and interest on any interest date. The debenture note was is-mea for the claim of the Northwestern Elevated RR.,
amounting on Oct. 1, 1903, to $770,085.
Road—The read whose securities have been acquired owns in
Chicago a double-track elevated railway from Fif ih Ave. and Lake
St. to 52d St. and Lake St., with spur down Market St. to Madison St.
Connects with Suburban RR.tor traffic outside the city. V. 65, p. 236.
Trains began running around the loop in Oct., 1397. Ohio. & Harlem
forms an extension comprising 4 miles more of double track. Total
single track, 22 miles.
REPORT— For years ending Deo. 31. Report for 1902, V. 76, p. 266.
1902.
1901
1901.
1902.
Gross receipts.. $815,284 $786,462 Taxes
$24,235
$16,624
Oper. expenses. 430,292 388,799 Int. charges. ..301,520
291,865
Loop rent'l&o. 86,152
82,970
.
. .
,
Net revenue .... $384,992 $397,663 Deficit
$26,9 15 sur $6,204
For the 12 mos. to Deo. 31, 1903, gross from passengers was $781,797 in 1903, against $756,165 in 1902.
OFFICERS— President, Clarence A. Knight; Vice-Pres., Redmond D.
Stephens; Sec'y and Treas'r, William V. Griffin, 1117 Merchants' Loan
& Tr. Bldg., Chicago. -V. 79, p.
268, 785, 1331.
LOOP ROAD.—See Union Elevated.
METROPOLITAN
SIDE ELEVATED
road.
RAIL
WAY—An electric WEST
Organization— Organized in Illinois Jan. 16, 1899. Successor on
Feb. 3, 1899 (per plan in V. 67, p. 126) to the Railroad Co. sold under
foreclosure on Jan. 4, 1899.
Maturity, etc.
Date. Interest.Outstand'g.
STOCK
BONDS—
Common stock
$7,500,000
P
5
nOn " 0Um
8,708,100 Feb. 28,'03,1^%
00'. '.
&
$9%0;0
'i
1898 4 8- FA 9,808,000
Aug. 1, 1938
lstM $10 000 000 \«1
* -)£ Cent. Trust
Co., N. Y., and G. Sherman, trus.
tnTA
nnm goia
%^
uuuj,
(
'
'
Int at c<mtral Trust, N. Y. and Chicago.
1st M. Ext. $5,000,000") 1901 4 g. J-J
July 1, 1938
3,000,000
($1,000) gold, red. at Northern Trust Co., Chicago, trustee. Int.
105 on any interest day f at company's office In Chioago, or Central
on 4 weeks notioe... o* j Trust Co., N. Y.
The title to the common stock was vested for five years in a voting
trust, but this expired Feb. 1. 1904. V. 78, p. 343
The new extension mtge. of 1901 covers the extensions as a first lien,
also 46 cars, a 3,500 H. P. engine and the new down-town terminal in
process of construction; the bonds also cover the rest of the property
as a second lien, subject to the 810,000,000 1st mtge. V. 78, p. 29.
Amount issued on present extensions, $3,000,000; reserved for future
extensions, $2,000,000.
In April. 1904, company borrowed $1,100,000 for 18 months at 5
per cent, secured by deposit of some of the remaining extension bonds,
the proceeds to be used for new equipment.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
In March, 1900, the New York Stock Exchange listed the 1st mtg«
bonds and the common and preferred stock. V7 70, p. 737.
ROAD—From the Board of Trade Building westerly about 6 1* miles,
with branches; total length of road (including Douglas Park branoh,
opened June, 1902, and Garfield Park Branoh completed Sept. 1,
1902.) 17-13 miles; the first 1-67 miles are four traoks. the rest two
traoks, making single track miles 37-60: also leases the Union
Elevated, 0-38 miles, and the Union Consolidated Elevated Railroad,
4 miles, making total operated 41*98 miles of track. Has Joint
lease with other elevated roads of the Union Elevated or "Loop
Line." Road began using loop in Ootober, 1897. The road is operated
by electricity. See V. 58, p. 866. Right of way is largely owned in
fee and mortgaged to secure the bonds; Feb. 28, 1904, had 89 motor
cars, 262 passenger cars and 10 other oars. Gauge, 4 ft. 8^ in.
In Oot., 1904, oompleted the construction of a large new central elevated station at the oorner of Jackson Boulevard and Fifth Ave.
V. 75, p. 1087; V. 78, p. 343.
REPORT— For fiscal years ending February 29:
1904
1903.
1902.
Passengers carried
39,548,354
33,910.790
41,372,338
I
Passenger earnings
Miscellaneous earnings
$2,065,701
81,453
$1,976,326
63,679
$1,695,243
58,070
Gross earnings
Operating expenses
$2,147,154
1,042,338
$2,040,005
952,707
$1,753,313
737,210
Net earnings
$1,104,«16
6,030
$1,087,298
9,524
$1,016,103
4,640
$1,140,846
$1,096,822
$1,020,743
$230,305
140,870
454,619
30,767
(3%)261,243
$202,122
149,335
392,320
37,976
(3%)261,243
Interest on balances
Total
Deduct
Rentals
—
$239 509
Taxes
139,533
474,353
41,350
Interest
Miscellaneous
Dividends
surp.$216,10l def.$20,982
def.$22,253
months ending Aug. 31, 1904, gross,
$1,382,102, against $1,355,605 In 1903.
DIVIDENDS.— First div. on pref. stock, 2^ per cent, Feb. 28, 1900 (out
of earnings for fiscal year ending Feb. 28, 1900), and 2 p. o. Aug. 31,
1900, out of earnings for fiscal year ending Feb. 28, 1901, and l 1^
p. o. Feb., 1901; Aug. 31, 1901, 2 p. c; Feb. 28, 1902, 1 p. c; Aug. 30,
1902, 1^ p. 0.; Feb. 28, 1903, 1*3 p. c; Aug., 1903, dividend passed,
Balance
Latest Earnings— For
8
and none since.
OFFICERS— President, Dickinson MacAllister; Vice-Pres., Sec and
Treas., George Higginson Jr.; Asst. Sec & Asst. Trea*., P. D. Sexton.
Office, 169 Jackson Boulevard, Chicago. V. 75, p. 29. 290, 1087; V.76,
p. 806; V. 77, p. 89, 298; V. 78, p. 343, 702, 1392, 1494.
NORTHERN ELECTRIC RAILWAYin 1894 for 50 years. Capital stock Is
mortgage bonds dated 1894, due June 1, 1914, $50,000;
trustee, Chicago Title & Trust Co. Owns 5 miles of track from 56th
to 68th Streets on North Av«,
Officers.— President, F. A. Little, Cleveland; Seo C. E. Wisner.—
ORGANIZATION— Chartered
$50,000.
1st
,
V. 68, p. 1077.
—
—
:
'
STREET RAILWAYS.
RAILROAD-A
ELEVATED RRSUBURBAN
NORTHWESTERN
business on May
Incorporated under law
Road was formally opened
1523
Oct., 1904. J
for
ORGANIZATION—
V. 70, p. 1049.
1900.
In Sept, 1901, the Union Elevated RR. was acquired. The new
mortgage for $25,000,000 was authorized for this purpose. Authorized capital stock was inoreased to $25,000,000, to provide for the
convertible feature of the bonds.
Maturity.
Date. Interest. Outstanding,
Stock and Bonds—
$5,000,000
Stock, $5,000,000
5,000,000
non-oum.
Pf.stook,5p.c.,$20,000,000.
Sept 1,1911,
First refunding mortgage) 1901 4g M-S 14,000,000
$25,000,000, conv. (gold) > Interest at Illinois Trust & Savings Bank,
Chicago, trustee, orBlair & Co.. N. Y.
($1,000, $5,000,$10,000) >
Bonds.— Of the new $25,000,000 M., present Issue is $15,000,000, of
whloh $1,000,000 remain in the treasury available for improvein'ts.&c,
The new bonds are convertible at the option of the holder Into preferred
stock, and can be redeemed at any time at the option of the company
at 102^ and accrued interest on or after Sept. 1, 1906. If called
for redemption, the holder will have the right even then to take preferred stock in lieu of oash. V. 72, p. 1081.
Toting Trust.— Both the common and preferred stocks have been deposited with the Illinois Trust & Savings Bank, depositary, under
voting trust agreement, vesting control of the company in the hands
of the voting trustees, consisting of John J. Mitchell, Marshall Field
and James A. Blair, until March 1, 1906. If at that time the full 5
per cent dividend on the preferred stock has not been paid for three
consecutive years, the voting trust continues until dividends shall have
been paid for three consecutive years on such stook.
Latest Earnings- For 8 months ending Aug. 31,1904, gross, $842,213, against $811,657 In 1903.
REPORT— For years ending Deo. 31 see V. 78, p. 699.
Gross.
Set.
Rentals.
Charges.
fear.
Surplus.
$1,542,039* $996,792 $124,667 $669,591 $202,534
1903
1,410,998*
946,597
1902
116,774
640,400
189,423
* Including net of Union Elevated.
ROAD The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 5 52 miles of fourtrack, making 28 miles single-track. Right of way is all owned in fee
except at street crossings.
Officers— President, Clarence Buckingham; Vice-President, Walter
B. Smith; Sec. andTreas., W. V. Griffin. Directors.— Clarence Bucking
ham, Charles F. Ayer, Walter B. Smith, W. W. Miller, John B. Dennis,
of Blair & Co. and C Ledyaid Blair.— V. 76, p. 330; V. 77, p 2036;* V.
78, p. 584, 699; V. 79, p. 1332.
—
trolley road.
of Illinois May, 1895.
Organization—
Receiver— On July
31,
Interest on the
&
30, 1902, L. 8. Owsley was appointed receiver,
bonds being In default. V..75, p. 241.
Bonds—
Date.
Outstand'g.
Maturity.
$1,250,000
1896
1,250,000 Mar. 2, 1916
5g. M-S
lativr «<snonooo -old J
l8tM.,$3,000,000,gold.
} Chlcftg0 Title & xrugt Co
Of the $3,000,000 bonds authorized, $1,250,000 were issued to build
the road owned and to equip a portion of the leased lines with trolley.
The remainder may be Issued for extensions built and equipped at
$50,000 per mile for double and $30,000 per mile of single track.
Road— Owns 31 miles of track, extending from terminus of Lake
Street Elevated at 52d Street and Metropolitan Elevated at 48th
Street, through oity of Chioago, Cicero, Grossdale, La Grange, etc
Leases from the Chioago Terminal Transfer RR. (for 50 years) the
Chicago <& Southwestern road to Harlem race track, Austin, Ridgeland, Oatt Park, etc, 12-5 miles of track. Also operates \ of a mile
of traok of the Chicago Riverside & La Grange RR. Total track operated, 44 miles, all trolley except C. & 8. W. tracks along West 16th
and 19th sts.
Officers— President, F. H. Roeschlaub Vice-Pres., W. ;G. Adams;
Sec and Treas., E. C. Veasey; Supt., J. Whltsell.— V. 75, p. 241.
STOCK
Interest
Stook, $1,250,000
'_
xm^e
;
UNION CONSOLIDATED ELEVATED RY.OrgANIZATION— Formed in 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. S. El.; operates
*a mile.
STOCK
Stock
&
Date.
BONDS
Int.
Outstand'g.
Maturity.
$1,000,000
407,000
5 g M-N
Nov. 1, 1936
Series "A" 1st mort., gold, ) 1896
gu. p. &1. by Met.W.S.El. ] G. Sherman, V.-P't, Cen.Tr.Co.,N.Y., Trua.
Mortgage $1,000,000, of which $500,000 series A. V. 63, p. 1065.
Officers-—President, Wm. G. Adams; Vice-Prest., C. V. Weston;
Sec & Treas., W. V. Griffin
-
(1) UNION ELEVATED RAILROAD.—
In September, 1901, Northwestern Elevated RR. purchased stock at
a price equivalent to $125 per share (V. 72, p. 1082) and road is now
known as the Union Loop Division of the Northwestern "L." It la
used by all the Chicago elevated roads, and receives one half cent
foreaoh passenger carried, besides all expenses for operating, repairs
and taxes.
&
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $5,000,000 (par $100)
$5,000,000 Oct., 1900, 2
1st M.,$5,000,000,g. $1,000 1895 5g. A-O
4,387,000 Oct. 1, 1945
Interest at Chase Nat Bank, N. Y., and 111. Trust
Sav. Bank, Chic.
REPORT— For calendar year 1903 gross, $573,855, against $533,807
In 1902.
Road—The loop Is 1 98 miles in length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave.,
to Lake St. Road opened Oct. 10, 1897.
Trains of the Chicago
Oak
Park, Metropolitan West Side and South Side operate over the loop.
Officers— President, John B. Dennis; Vice-Pres., Clarence Buckingham; Sec. and Treas., W. V. Griffin.—V. 76, p. 1032.
&
#
&
SOUTH CHICAOO CITY RAILWAY
CO.-
OrQANIZATION—Incorporated May 31, 1883. Operates two lines
to 106th Street and the Indiana State Line. Hammond Whiting & East Chicago is controlled in same interest.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS—
from Jackson Park
Stock ($2,000,000 auth.)
$1,603,800
Mortgage, currenoy
1890 5 J-J
50,000 July 1, 1910
mort.
1st
1893 5 g.A-O
$5,000,000, gold)
1,513,000 Apr. 1,1913
$l,000c*
5 Int. at Illinois Tr. & Sav. Bk., Trustee, Chic.
ROAD— Owns 34 miles of track In Chicago and oontrois the Grand
Crossing & Windsor Park RR. Co., 3 miles; total 37 miles. Rails
75 and 85 lbs. Hammond Whiting & E. C. Electrio gives a line to
Whiting and East Chicago, and makes a direct route of 14 miles from
63d SJ. and Madison Ave., Chicago, to Hammond, Ind.
OFFICERS— President, D. F. Cameron; Vice-President, D. M. Cummlngs; Sec. and Treas., O. S. Galther.— V. 67, p. 1002; V. 69, p. 1063.
SOUTH SIDE ELEVATED
VATED")— An electrio elevated road.
RR.-("ALLEY
ELE-
ORGANIZATION— Successor January, 1897, to Chicago & South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158). July 31, 1900, the Appellate Court sustained the validity of the foreclosure (V. 71, p. 236),
and on Feb. 21, 1902. that decision was concurred in by the State
Supreme Court. V. 74, p. 4'7.
Stockholders voted on April 7, 1904, to increase the capital stock to
$17,550,500, to provide for extensions, but subseauently ( V. 79, p.
681) rescinded the action and made the new mortgage given in table
below. V. 79, p. 734.
Date. Interest. Outstanding.
BONDS
Maturity.
STOCK
Stock, $10,323,800
Q-M $10,231,410 Sept. 30/04.1%
let mort., $3,000,000, ) 1904 4^g J-J
3,000,000
July 1,1924
gold ($1.000)
oMIat. atm. Tr. & Sav. Bank, Chic, Trustee.
Bonds.— The new bonds are subject to call on or after Jan. 1, 1910,
at 105 and Interest.
Dividends.— First dividend of 1 per cent (out of earnings for four
months ending April 30, 1899) was paid May 1, 1899 then Sept. 1,
per
cent Deo. 30, 1 per cent. In 1900, 3 p. o. In 1901. 3*2 p. o. In
1
1902, 4 p. c. In 1903, 4 p.o. In 1904, March 31, 1 p. c; June 30, lp.c;
&
;
;
Sept. 30, 1 p.
Organization— Incorporated on January 21, 1903.
Date. Interest. Outstand'g.
LastDiv.
Stock & Bonds—
None
Common, $1,250,000, $100
$800,000pd.in
PfV5% cum. $1,250,000, $100
Road- Is to operate 52 miles of track between Cincinnati and Hillsboro. Standard gauge, 70-lb. T rail. About three-fourths of the road
has been completed and remainder is expected to be completed about
June 1, 1905.
—
OFFICERS President, H. H. Hoffman; Vice-Pres., Lewis Seasongood;
Secretary and Gen. Mgr., Philip C. Swing; Treasurer, Casper H. Rowe.
V. 76, p. 971.
—
DAYTON & TOLEDO TRACCINCINNATI
CO.— A trolley road.
TION
Controlled by the same interests as the Cincinnati Traction Co.
Organization— Incorporated in Ohio on May 19, 1902, and is a consolidation of the Southern Ohio Traction Co. and the Cincinnati &
Northwestern Ry. V. 74, p. 884, 1037. Franchises are for 25 and 50
years.
On Nov.
See V. 75,
1902,
1033.
3,
p.
made
contraot with the Traction Terminal Co.
&
Date.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $5,000,000 ($100)
$3,500,000
Tol. 1st cons. \ 1902
Cln. Day.
5g.J-J.
1,200,000 July 1, '22
M., $5,000,000, g.($l,000)*c 5 Int. at Cleveland Trust Co., Trustee.
Southern Ohio Trac 1st cons.
$2,000,000 ($1,000), gold, o\1900 5 g. M-N $1,350,000 May 1, •20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin.&Ham. Elec.lst g.($500) > 1898 6 g. J&J $400,000 Apr. 1,1918
$500,000. not subject to call.j Int. at Cit. Sav.&Tr. Co., Clevc, trustee.
Dayton Traction 1st M., < 1896 5g. J-J
July 1, 1916
250,000
g. ($1,000), int. guar..o* I Int. at Finanoe Co. of Penn., Phila., trustee.
&
1901 5 «- J- D
250 000
Deo.1.1911
^o^ansitUtM ? ^ lBterest
at Cleveland Trust Co., trustee.
1
1
'
'
$250,000 g($l 000) ,'o*
Miam. &Gerin. 1st, guar.,
)
) 1901
5 g. J-D
50,000
Dec. 1, 1911
($50,000) g. ($l,000).c* 5 Interest at Cincinnati Trust Co., Trustee.
Bonds.— None of the issues are subject to call. Of the $5,000,000
Tol. Trac issue $2,300,000 is reserved to retire prior liens
Cin. Day.
and $1,500,000 for future use.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cln. <& Ham. Electrio bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham. & Lind. Elec Tran. bonds cannot be oalled before maturity; a sinking fund, however, is provided, beginning with Dec 1,
1906, of 5%, and increasing by 1 p. c additional each year until 1911.
Earnings— For fiscal year ending May 31, 1904: Gross, $502,990;
net. $201,202; fixed chgs., $195,180; surp., $6,022.
Road— Owns and operates 83-93 miles of traok, connecting Cincinnati
with Dayton. Obtains entrance into Cincinnati to Spring Grove Ave.
at Linden St. over the Cin. Northwestern Division. Later will enter
the city over the tracks to be built by the Traction Terminal Co.
OFFICERS— President, George B. Cox, Cincinnati; First Vice-Prest.
and Chairman Ex. Com., W. Kesley Sohoepf, Cincinnati; Second VioePrest., C. C. Richardson; Sec. and Treas., J. B. Foraker or.; Asst. Sec
and Treas.. F. R. Williams; Gen. Manager, F. J. J. Sloat.—V. 77, p.
450, 510; V. 78, p. 1961; V. 79, p. 212. 1266.
&
INTERURBAN
trolley road.
RY. &
TERMINAL
CO.-A
Organization.— Incorporated in Ohio on Nov. 3, 1902. and is a consolidation of the Cincinnati
Eastern Electric Ry., the Rapid Railway
Co. and the Suburban Traction Co. All bonded debt of those companies
&
has been retired.
c.
Annual Report— For years ending Dec. 31
1903.
1902
Grossrec'ts.$l,679,310 $1,483,843
Net,
alter
taxes
684,934
621,505
Interest....
CINCINNATI, OHIO.
CINCINNATI & COLUMBUS TRACTION CO.
—A trolley road.
33,750
1902.
Surplus
Dividends
.$651,184 $587,755
409,133 409,124
Bal. for year... 242,051 178,631
33,750
Latest Earnings— For
months ending Aug. 31,1904, gross, $1,016,277, against $1,017,479 in 1903.
ROAD— Owns elevated road in operation in Chicago upon a purchased
right of way from Congress Street to Jackson Park, 8-56 miles of
double and triple track; total single track, 19-44 miles. Operation
of trains over the " Loop " (Union Elevated) began October 18, 1897.
Electricity was introduced as motive power late in April, 1898. Oper8
ates 220
motor and 30 trail oars.
The Chicago Junction Ry. Co. is to build a line to the Stock Yards
and to lease it to the 8out Side Elevated for a rental equal to 4 per
cent on the boiids to be issued to cover the cost, estimated not to exi
ceed $2,240,000.
Officers— President, Leslie Carter; Vice-Pres., T. J. Lefens; Secretary and Treasurer, Horace F. Hardy. Office, 47 Congress St., Chicago.— V. 79, p. 681, 734, 787, 905, 1462,
&
Bonds—
Outstand'g Maturity.
$2,500,00u
)
1903 5g. Q-J 2,500,000 Jan. 1, 1928
g.($l,000and$500).c&r ] Int. at Cincinnati Trust Co. Trustee.
Bonds—No sinking fund and bonds are not subject to call.
ROAD— Comprises 22 miles of traok between Cincinnati and New
Richmond, 32 miles between Cincinnati and Lebanon and 28 miles
from Cincinnati to Bethel. Gauge, 5 ft. 2*3 in. Also owns terminal
station on Sycamore St., Cincinnati. Cars enter Cincinnati over the
tracks of the Cincinnati Traction Co. 70-lb. and 97-lb. T rail. Total
track, 101 '4 miles; all operated.
Officers— Pres. and Gen. Mgr.. G. R. Scrugham; 1st Vice Pres.,
Lee H. Brooks; 2d Vice-Pres. and Counsel, Ellis G. Kinkead; Sec, J.
M. Hutton; Treas., J. M. Kennedy.— V. 75, p. 1031; V. 76, p. 212, 480.
STOCK
1903.
Date.
Interest.
Stock, $2,500,000 ($100)
1st mortgage, $2,500,000,
CINCINNATI
GEORGETOWN
MOUTH
RR. -Steam and
electric
& PORTS-
Organization.— Formerly a narrow-gauge stem road, but in Oct.,
1901, was purchased by A. W.Comstock of Detroit, and in 1902 changed
to standard-gauge electrio. Under Ohio law, remains a steam road.
STREET RAILWAYS.
1524
&
Date.
Interett,
Outstand'g.
Maturity.
BONDS—
Stock
Stock, $1,500,000
1,500,000
1st mtge., $1,000,000) 1902
5 g. J.J.
Jan. 1, 1932
1,000,000
gold ($1,000)
c* 5 Int. at Union Tr.&Sav.Bk., Cincin.,Tr.,& In N. Y.
Earnings. -For year ending June 30, 1904, gross, $1*2,966; net,
Road.— Operates 60 miles from Cincinnati southeasterly to
Russellvllle, including branches of 3 miles to Batavla and 2 miles to Coney
Island.
An extension of 16 miles to West Union is building,
to be completed during 1904. Has 25 electric passenger coaches,
5 steam passenger coaches, 50 freight cars and 3 looomotives.
OFFICERS- Prest., A. W. Comstock; Vice-President, W. B. Todd,
See. and Treas., H. E. Sawyer.— V. 75, p. 184, 665, 1253.
CINCINNATI LAURENCEBURG
RA
ELECTRIC STREET R R. -A
& AURO-
was leased to the Cincinnati Interurban Co. V. 75, p. 906. Rental,
year beginning Ootober 1, 1902 03. $55,000; 1903-04,860,500; 190405, $66,000; 190506, *71,50O; 1906-07 and 1907-08, $77,000; 190809 and 1909-10, $82,500; 1910-11, $88,000; 1911-12, $93,500; 1912-13
to 1914-15, $99,000; thereafter $100,000.
STOCK
Bonds—
<Jb
Organization—Incorporated
Road
is
in November, 1898, to build a line conCincinnati with Aurora, Laurenceburg and Harrison.
in operation from Anderson's Ferry at Cincinnati to Aurora,
and Harrison and Laurenceburg, 38 miles. The Union Savings Bank
& Trust Co. of Cincinnati sold $750,000 of the bonds in Jan., 1901,
and an advertisement stated that no dividends -would be deolared
on the stock for five years, so as to create a surplus fund available
for betterments and extensions. In May, 1904, capital stock was increased irom $750,000 to $1,000,000 by the issuance of $250,000 6
p. c.
cumulative pref stock, the proceeds being used for betterments.
.
&
Stocks
Bonds—
Date.
Common, $750,000
Interest.
Oustanding.
$750,000
Maturity.
Pref.,6p.c.,cum.,$250,000
250.000
1st mortgage., $750,000 >
1899
5 g. J. -J.
750,000 July 1, 1919
($1,000), gold
\ Int. atUn. Sav. Bk. & Tr. Co., Cinn., trustee.
Directors— J. C. Hooven, President, of Hamilton, O., C. E. Hooven,
A. B. Vorheis, J. G. Schmidlapp and Stanlev Shafer; Treas. and Gen.
Manager, C. E. Hooven, Cincinnati.—V. 78, p. 2011. 2383.
CINCINNATI MILFORD & LOVELAND
TRACTION
CO.
Organization-— Incorporated in Ohio in Sept., 1902. and purchased
franchises and rights of the Cincinnati Milford Se Eastern Traction Co.
Stock and Bonds—
Date.
Interest. Outstand'g. Maturity.
Stojk, $1,000,000 ($100)
1...
$1,000,000
1st mort., $1,000,000, g ) 1903
5 *,. J&J
3^0,000 July 1, 1923
(f 500 and $1000) .*c<fcr Int. at Prov. Sav. B'k &s Tr. Co., Cin.,trustee.
Bonds.— No sinking fund and bonds cannot be called.
.
<,
ROAD. —Will operate 41 miles of track from Cincinnati to Loveland
and from Cincinnati to Blanchester. Gauge, 5 ft. 2 in; 70-lb rails.
The line to Milford, 16m., has been oompleted, and remainder is under
construction.
Traction Co.
Enters Cincinnati over the tracks of the Cincinnati
Officers-— President, B. H. Kroger; Vice-Pres.. Thorne Baker; SecNevin Roberts; Treasurer, Leo J. Van Lahr.—V. 77, p. 250.
retary, J.
THE CINCINNATI TRACTION CoOrganization. -Incorporated in Ohio on Feb. 19, 1901, with an authorized capital stock of $2,000,000 (which is all outstanding), to
take over under lease the Cincinnati Street Rv. Co. See V. 72, p. 391.
Has acquired all the $100,000 capital stook of the Cincinnati Zoological Co., which owns the Zoological Garden at Cincinnati.
Report.— For calendar year '1903 gross earnings were $3,697,962.
In 1902 gross earnings were $3 559,685, which compare with $3,291,853 for calendar year 1901.
ROAD—The Cinn. St. Rwy. comprises 217*76 miles of track in the
city of Cincinnati, Ohio, extending also to adjoining suburbs. The
last cable line was converted to electricity in June, 1902. Gauge,
6
ft.,
2*2in.
Officers.— President and Gen'l Met., W.Kesley Schoepf; Chairman
Executive Committee. Hugh J. McGowan. Indianapolis; 1st V.-P.,
J. B. Foraker Jr.; 2d Vice-President, Dana Stevens; Sec, S C. Cooper;
Purch. & claim Agt., J. H. Schoepf; Treas., W. H. McAllister; Aud'r,
C. F. Callaway; Supt., Robt. E Lee —V. 77, p. 510.
CINCINNATI STREET RAILWAY.—Electric.
Was leased on Feb. 21, 1901, to the Cincinnati Traction
(1)
Co. for the
unexpired term of the franchise granted by the city of Cincinnati on
Aug. 13, 1896, and all successive renewals and extensions of the same.
The rental is intended to provide dividends of bH per cent for the first
year, 5*s for the second, 5\ for the third and 6 per cent for the fourth
year, and thereafter. V. 72, p. 136. The Rogers law of April 22,
1896, under which franchise was granted, was in Auer., 1902, deolared
unconstitutional by Superior Court at Cincinnati, but decision partly
revised on rehearing. Appeal taken to State Supreme Court (V. 75, p.
393, 665), but not yet decided. On April 28, 1903, the Superior Court
at Cincinnati declared unconstitutional the curative Act passed in
1902 to strengthen the franchise granted under the Rogers law.
Organization.— Incorporated June 21, 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
STOCKdk BONDS—
Par. Interest,
Outstand'g Last div., <£c
Stock ($20,000,000)
50
Q.-J.
See text.
$18,036,950
Mt. Adams & Eden Park In.:
1st mortgage, currency.. ..
6 A.-O.
95,000
Oct., 1905
Consol. mort., currency
..
5 M.-S.
457,000
Men., 1906
Interest is payable at Franklin Bank, Cincinnati.
Mt. Auburn Cable Ry. >
..
1887 5 J D. 166,000
June, 1907
1st i. assumed ..c* $ Interest at Chemical Nat. Bank, N Y. City.
Dividends— To and including April, 1901, 5 p. c. per annum. July
1 and Oct. 1, 1901, and Jan. If 1902, and April 1, 1902, 1-3125% each,
July 1, 1902. Oct. 1, 1902, Jan. 1, 1903, and April 1, 1903. 1-375%
ea"h; July l and Oct. 1, 1903, and Jan. 1 and April 1, 1904, each
1-4375 p. o.; July. 1904, l^ p. c; Ootober. 1904, 1*2 P- c.
OFFICERS— President, John Kilgour; Secretary and Treasurer, Jamet
A. Collins.-V. 75, p. 1031.
Date. Interest. Outstand'g.
L&st. div.
Q-J
Stock com.$l, 100.000 ($100)
8t k
1 1 00
5°
$1,100,000 Oct. 1, '04,ie%
I.IOO.OOO
J
!!' .?!
-Q
5% per year
: .
:
?.
P
\
Dividends.— 5 p. o. per annum Is being paid on the preferred stook.
The first dividend on the common of ^6 P- c. was paid Jan. 1, 1904, and
*e p c. was again paid on April 1, July 1 and Oot. 1, 1904.
OFFICERS.—President, H. H. Hoffman; Vice-Pres., B.L. Kilgour; Sec.
and Txeas., A J. Becht, all of Cincinnati. V. 75, p. 290,^497, 906.
num
CLEVELAND, OHIO.
trolley road.
necting
[Vol. lxxix.
CLEVELAND ELECTRIC RAILWAY.-W«
map onpage 1525.)
Organization— On July 1, 1903, acquired the Cleveland City Ry.
and increased its capital stook from $13,000,000 to $23,400,000 to
Co.
provide for the purchase. Cleveland City stockholders received 130
shares in the Cleveland Eleotric Ry. for each 100 shares of stock held.
V. 76, p. 1142 Universal transfers and 6 tickets for 25 cents followed
the consolidation (V.76, p. 1142, 1247), but the experiment resulted in
considerable losses, and March 22, 1904, arrangement was modified.
V. 78, p. 1222. For decision of U. S. Supreme Court, deciding against
the right of the city to fix fares, see V. 78, p. 2334.
&
STOCK
Stock ($100)
BONDS—
Dale.
Interest. Outstand'g. Latest div., etc.
$23,400,000 Oct. 5, 1904,1%
1,000,000 March, 1910
Interest at Central Trust Co., New York.
1899 5g.J.-J. 2,026,000 July 1, 1909
Central Trust Co., New York, Trustee.
Q.-J.
Bonds assumed—
E. Clev. RR. IstM ($1000)
5
\
1892 5 M-8
Cleve.
City Cable
Ry. J
gold, $1,000 c. <fer. IstM. \
Cleveland Electric Railway—
1893 5g.M-S 5,000,000 Mch. 1, 1913
lutPmi
adfli.^1,1.!
1st Con. M
M. <*i
g.c*Ar \ Int at0lntral Trust
($1,000)
Co., N.Y.City, trustee.
Bonds—There is no limit upon the amount of bonds issuable under
the consol. mtg. of 1893, but further issues (with the exception of
$1,000,000 reserved to retire the $1,000,000 East Clev. RR. 1st mtg.
bonds) can only be made at the rate of $25,000 per mile for new single
track. The bonds are a first lien on the Broadway & Newburg system
and on all extensions made and property acquired subsequent to the
consolidation; they cannot be called before maturity. V. 61, p. 749.
Dividends.— The quarterly dividend was passed in January, 1896; in
% p. c; in 1897, 3 p. c; in 1898, 3 1* p. c; in 1899,
(October dividend having been passed on account of strike);
in 1900, 3% p. c; in 1901, 4 p. c; in 1902, 4 p. o.; in 1903, 4 p. a; In
1904, Jan 1 p. c; April, 1 p. c; July, 1 p. c; Oct., 1 p. o.
ROAD— The consolidated company operates aggregate single traok
of about 240 miles, mostly 82 and 98-lb. girder rails.
Annual Report— For calendar year 1903 and 1902
1902.
1903.
Gross earnings
$4,578,941
$4,369,721
Operating expenses
2,518,419
2,850,321
April, 1896, paid
2%
p. c.
,
Netearnings
$1,728,620
LATEST Earnings —For 6 months ending June
$2,244,290; net, $888,818; other income, $3,524;
$1,851,302
30, 1904; Gross,
total net income,
$-192,342.
OFFICERS— Pres., Horace E. Andrews;
Vice-Prest., C. F.
Emery: Sec,
Davies; Treas., Geo. S. Russell; Asst. Tieas., John Elnhardt;
Auditor, W. G. MoDole; Gen. Mgr.. John J. Stanlev.
V. 77. p. 35,
196, 628. 769; V. 78, p. 228, 1222, 1391, 2334; V. 79, p. 268, 733.
H.
J.
—
CLEVELAND & SOUTH-WESTERN TRACTION CO —A trolley road.
Organization— Incorporated in Ohio as a consolidation in December, 1902, of the Cleveland Elyria & Western Ry.. the Cleveland
Southern Railway Co. and the Norwalk Gas
STOCK and Bonds—
Date.
Com., $3,000,000 ($100)
Pf.5%cu,$2,000,000($100)
l8t M- ° n
&
^•fa
™ <*&n?
I
Subject to calf 1965.""
E
h
0n
e
1895
mt
S
Klf87$ 50oVloUi
1907.""
Subject to call
\
C
Interest.
-
6
& Eleotric
&
Co.
Outstanding.
$3,000,000
1,800,000
M&N
200,000
Maturity.
May
1.
1915
»* Cleveland Trust Co., Cleve, Trus..
897
6
F&A
100,000 Aug.
1.
1917
Intere8t at Cleveland Trust Co., trustee.
"
r
J
5« M*8
$127,000 Mch. 1 ,1919
$?00 boolr'
g f«? 000 ea*i I Intere8t at Cleveland Trust Co., trustee.
5
sffifct^o caU'?909
1,073,000 Aug. 1,1920
Cleveland Elvrla & West- f I 900 5 « FAA
«™ lot m «i ?nn nnni Interest at Cleveland Trust Co., Cleveland,
*
f«?
nnri\ goia
»Aifl
(*i,uui»,
'
'
«*
Trustee, or at the Nat.
I
inN.Y. May be called
[
A So Rv
Flvrla Graf
m
1st
I 902
f
5«
J 'J
Bank of Commerce
after 10 yrs. at 100.
100,000 Jan.
1,
1922
(2) TRACTION TERMINAL COMPANY.
Organized in 1902 as part of agreement between the Cinoinnati
Traction Co. and the Cinoinnati Dayton <fe Toledo Tr.iction to build a
central depot at Cincinnati for electrio lines entering that cltv and to
Jrovide suitable terminals. Stock $100,000. Pres., J. Benson Foraker,
r Vice-Pres.. Frank N. Wilcox, Clev.; 8eo N. S. Keith; Treas., Dana
Interest at Guardian Trust Co., Cleveland,
Trustee, and Colonial Trust Co., N. Y.
Can be called at par after 10 years.
(
A-O
110,000 Apr.l. 1920
( 1900 6,
Norw'k Gas & Eleo. 1st M. i Int. at Guardian Trust Co .Cleveland.trngtee, or Chase National Bank, New York.
(.
Cleve. &South-W. 1st and ( 1903
500,000
Feb. 1,1923
5g.
con. M. $3,000,000, g..^ Int. at Guardian Tr. Co., Cleve., Trustee, or
c*( Colonial TrustCo., New York.
($1,0 0)
Bonds— No sinking fund, but new bonds of 1903 are subjeot to oall
after 1913 at 105 and int.; $1,700,000 are reserved to retire prior
liens and $800,000 for extensions and improvements or purchase of
other companies
Of the Cleveland Berea Elyria & Oberlin 5s dated March 1,
1899, $300,000 remain Inreserve for the retirement at or before matuturity of the divisional Cs to a like amount. Of the $1,500,000 Cleve.
Elyria & Western new 5s, $427,000 are reserved to retire prior liens.
Earnings— For calendar year 1903, gross. $445 168; net, $180,936;
Interest, $98,302; surplus, $82,634; 1902, gross, $300,846; net, $129,230.
Latest EARNIN<»S,-Jan. 1 to Aug. 31, 1904: Gross, $306,782; net,
$10S,55l. In 1903: Gross, $287,072; net, $117,664.
Road— In Oct., 1904, was operating 138 miles of track, extending
from Cleveland to Berea, Elyria and Oberlin; also Norwalk, Medina,
Stevens.
Oreston and Wooster
.
;
,
V. 75, p, 1033.
No
construction yet.
CINCINNATI INTERURBAN CO
Organization.— Incorporated in Ohio on Aug. 28, 1902, in the interests of the Cincinnati Traction Co;, on Sept. 30, 1902, leased the
Cincinnati
Hamilton Traotion Co. See V. 75, p. 906. Capital Stook
&
$100,000, (par $100,
outstanding; no bonds.
Road— Owns and operates 3132 miles of traokfrom the "Zoo" In
Cincinnati to Hamilton and 15 miles from Cincinnati to Lockland.
Gauee, 5 ft. 2Mi inches. Operates over tracks of Cincinnati Traction
all
Co. from "Zoo" to Fountain Squ-ire in Cincinnati.
Officers.— Pres., Geo. H. Warrington; 1st Vice-Pres., J. B. Foraker
Jr.: 2d Vl"e-Pres., Dana Stevens: Sec., S. O. Cooper; Treas ,Wm. H. Mc.
Allister; And C. F. Callaway; Supt.,
G. Gilpin.— V. 75, p. 497.
,
(1
)
H
CINCINNATI & HAMILTON TRACTION.— A trolley road
Organization—This company was organized in August, 1902, as a
consolidation of the Mill Creek Vallev St. Ry, and the Hamilton,
Ulcndale & Cincinnati Traction. V. 75, p. 497. On Sept. 30, 1902,
im.rhr/'i' *,'w J
n*l
sioooooMRi
oocii
$iou,uuu($i,ooo),g..o
%
FA
OFFICERS— Prest., F. T. Pomeroy; Vice-Pres., A. E. Akins; Seoret'y,
E. F. Schneider; Treas., F. L. Fuller; Gen. Man., H. A. Nioholl.— V. 76,
p. 212, 265, 593, 1299.
CLEVELAND PAINESVILLE & EASTERN
RAILROAD.Organization, Etc.—Incorporated in Ohio on April 25,1895. Road
com pleted
in July, '98.
In April, 1902, authorized stock was Increased
from $1,500,000 to $2,000,000, for extensions and improvements.
STOCK
&
BONDS—
Dale.
Interest,
Outstand'g.
|
Maturity.
Stock, $2,000,000; par $100
$1,606,000
500 000 Apr. 11916
1st Mort., gold, $500,000. 5 1896 £ g A-O
Interest at Morton Tr. Co., N. Y., or Cleve„*<
i«i
nnn ftach>
each)
c
($1,000
land Trust Co., Cleveland, the trustee.
£
Debentures,$500,000,
($1,000)
<
)
Con. mortgage, $2 000,000 5
<*i
ooofiy
i*.x,vw)
~"
K
(
-J
1897 6
J-J
$500,000 July 1, 1907
Dime Sav. Bkg., Clev., trustee.
18 8 ^ A-O
$402,000 Oct. 1 1918
T ? at Dime Saving
Int.
B'k'g Co., Cleve.,
Int. at
<fe
<fe
trustee, or Colonial Trust Co., N. Y.
Oct., 1904.J
STREET RAILWAYS.
1525
1526
STREET RAILWAYS.
Bonds— Of
the $2,000,000 consols authorized, $1,000,000 Is reserved
and $204,000 held in Treasury.
Road—Owns road from Euclid, Ohio, to Painesville and Fairport,
23-02 miles ("Main Line"), ana uses Cleveland Electric Ry. from
Euclid to Public Square, Cleve., 10 miles; also owns " Shore Line,"
extending from Willoughby to Glenville, O., 14-89 miles, and uses the
Cle /eland Elec. Ry. Co.'s track from Glenville to the Public Sq.,
Cleve., 5 miles. Total track owned (including 4^ miles of double),
43 miles. Rails 68-lb. girder on Main Line, 75-lb. T on Fairport Line
and 70 lb. T and 90-lb. girder on "Shore Line"; 32 motor cars. Power
house is at Willoughby. Car houses at Willoughby, Painesville and
to retire underlying liens,
Nottingham.
Tears to Dec.
1903.
1902.
$214,631
127,149
$189,187
105,669
Net----
$87,482
78,007
Fixed oharges
Surplus
1901.
1900.
$164,971
87,102
$141,112
69,592
$83,518
74,552
$77,869
71,296
$71,520
71,059
$8,966
$6,573
$461
$9,475
Latest Earnings— Jan.
l to Aug. 31, 1904, gross, $149,032; net.
$59,575. In 1903, gross, $141,861; net, $60,827.
(OFFICERS— President, C. W. Wason; Vice-President, J. A. Biedler;
Treasurer, Chas. A. Post; Secretary, Fred. S. Borton; Ass't Sec'y, G. E.
Bender; Supt., J. Jordan.—V. 74, p. 267,576, 829; V. 77, p. 823.
PAINESVILLE & ASHTABCLEVELAND,
L RR-A
trolley road. Entirely over private right of way,
TJ A.
except through some of the villages.
Organization.—Incorporated in Ohio in 1902.
Date.
BONDS
Interest. Outstanding.
Maturity.
„ STOCK
Stock, $1,000 000 ($100)
"...
$1,000,000
1st mort., $1,000,000)
1902
5 g. J-J
July 1, 1922
850,000
gold ($1,000)
c* \ Int. at Cleveland Tr. Co. .Cleveland, Trustee.
Bonds.— $150,000 are reserved for future extensions and improvements. No sinking fund and bonds cannot be called.
ROAD— Operates 30 miles of track between Painesville and Ashtabula
all put In operation on Sept. 23, 1903. 70-lb. T and girder rail
used. Track, standard gauge. Connects at Painesville with the Cleveand Painesville & Eastern RR. and at Ashtabula with the Pennsylvania & Ohio Ry.
Officers.—President and Gen'l Mgr., A. B. Cleveland: Vice-Pres.,
W. J. Hayes; Sec, M. A. Phillips; Treas., Jos. R. Kraus.—V. 78, p 702.
&
CLEVELAND
& SHARON TRACTION COroad.
To be a
trolley
Sept. 21, 1904, T. C. Willard
1266.
Organization.—Incorporated
was appointed
receiver.
V. 79, p.
In Ohio on Aug. 5, 1902.
&
STOCK
Dale. Interest. Outstanding.
BONDS—
Maturity.
Stock, $2,000,000,$100
$10,000
1st Mtge. $2,000,000.) 1903 5g. J.-D
50,000
May 1,1928
($1,000) gold
c S Eastern Trust Co., New York, Trustee.
Bonds.—No sinking fund and bonds are not subject to call.
Road.—Will extend from Middlefleld (where connection Is made
with the Eastern Ohio Traction Co.), via Kinsman, to Sharon, Pa., 42
miles, with a branch line from Kinsman to Meadville, Pa., 38 miles;
total, 80 miles of track. Standard gauge. About 12 miles of road has
been graded.
Officers.— President, C. S. Fenton: Vice Prea., E.W. Fisher; Sec. and
Treas., George H. Pomeroy; Gen. Mgr., Francis B. Morgan.— V. 76.
p.
1191; V. 79, p. 1266.
$100),
&
&
STOCK
Date. Interest. Outstand'g.
Bonds—
Maturity.
Stock, $2,500,000 ($100)
$2,259,000 ...
East. Ohio Trac. 1st con. M., ( 1902 5g. J.-J.
706,000 July i, 1922
$2,5OO,00O,g,($l,O0O).G ferv Int. at Cleve.Tr.Co., Cleveland. Trustee,
Cannot be called.
or Standard Trust Co., New York.
(
Cleve. &East. 1st mort., ( 1899
5 g. J-J
$887,000 July 1,1919
$1,000,000 ($1,000 ea.), \ Int. at Clevel. Tr. Co., Trustee, Cleveland,
gold
c*( or Standard Trust Co., New York.
r.Chagrin Falls >
.N
lg96
$200(000 May x> 1916
IstM., $200,000, g., red
Int. at Guardian Tr. Co., Cleve., Trustee.
aft. May 1, 1906 ($500)c'
Cleve. AChag. Falls newM.,
5g.M-N
$100,000 Nov. 1, 1920
$300,000 ($500) gold o. [1900
Dime Sav. A Bk. Co., Cleveland, Trustee.
j
Can be called 1910
Bonds- Of the new $2,500,000 consol. M„ $1,300,000 are held to take
up existing bonds and the balance ($494,000) for extensions and construction. The coupons on the $706,000 outstanding bonds have been
cut off up to July 1, 1904. Of the CI. A Chagrin Falls mort. of $300,000, $200,000 reserved for prior bonds. Of the Cleveland
Eastern
bonds $113,000 are held in the treasury.
Report for calendar year 1903: Gross, $202,827; net $69,709;
charges, $73,34M; deficit, $3,639.
Road— Owns and operates 46 miles of track from Cleveland to Chardon, Burton and Middlefleld, O., and from Cleveland to Hiram and
Garretsville via Chagrin Falls, 40 miles. A link of 11 miles between
the terminals of this company and the Mahoning Vallev Ry. t<> Youngs
town has been contemplated. Total track operated, inoliiding sidings
<
.
6gM
&
Sherwin; Seo.
& Gen. Map.,
& Treas., J as.
Geo. T. Bishop; Vice Pres., H. A.
A. Currie.— V. 77, p. 146; V. 78, p. 768.
£
'
'
FOREST CITY ST- RY. (CLEVELAND).770, 1294.
LAKE SHORE ELECTRIC
Bondholders are to have control for
RY.-A trolley road.
five years
through a voting
trust composed of the following voting trustees: E. V. Hale, J
Nutt, H. P. Mcintosh, S F. Hasarot and E. G. Tillotson.
R
Organization— Incorporated on Sept. 25,1901, under laws of Ohio as
a consolidation of the Lorain & Cleveland Ry., the 8andusky A Interurban Ry., the Sandusky Norwalk & Southern Ry. and the Toledo
Fremont A Norwalk RR. V.
73, p. 784.
M
guar. ($500, $1,000).. e* I Int. at Union Tr. Co., Detroit, Trustee.
the $4,000,000 first consols, $2,250,000 are reserved to
retire prior liens, $4,000,000 of the gen. mtge. 5s are reserved to retire
the first consols and $2,111,000 for extensions and improvements at
80% of cost. Neither issue is subject to call.
sinking fund of
$10,000 per annum on the first consols commences Jan. 1, 1909, and
runs until 1914. From 1920 to 1922 inch, $30,000 per ann. is payable.
The L. & C. bonds can be called after July 1, 1917, at par and interest.
The T. F. A N. bonds can be called at 110 and interest on any interest
date upon 90 days notice. These bonds are guaranteed, principal and
nterest by endorsement by th e Lake Shore Electric Ry.
sinking fund
on the T. F.
N. bonds of $10,000 per annum commences in 1905 and
runs to 1909, inclusive; from 1910 to 1914, $20,000 per annum; 1915 to
1919, $30,000 per annum.
Lien.— The T. F.
N. bonds are a first lien on the division between
Toledo and Norwalk; the L.
C. bonds are a first lien on the road
between Cleveland and Lorain; and the new 1st consol. bonds a first lien
on all other lines and also a second mtge. on the divisions noted above.
EARNINGS— For year ending Dec. 31:
ffet.
Gross.
Fixed charges.
Balance.
Bonds— Of
A
A
&
&
1903
1902
&
$220,712
$240,745
def. $20,033
160,173
Road—Operates in all 162*2 miles, extendingfrom Cleveland to Toledo
and Sandusky and from Sandusky to Norwalk; also city lines in Sandusky; standard-gauge 75-lb rails. Through line from Cleveland to
Toledo was opened for business about Aug. 26, 1902.
Officers— President, Warren M. Bioknell; Vice-Pres., J. R. Nutt;
Treas., E. V. Hale; Sec, F. W. Coen, Electric Building, Cleveland.—
$616,484
466,051
V. 76, p. 158, 382, 542, 752. 1143; V. 77, p. 298; V. 78, p. 48, 2442.
COEUR D'ALENE, IDAHO.
COEU
R DALENE & SPOKANE RY. CO
—A trolley road.
LTD.
&
Date.
Interest. Outstand'g.
Stock
Bonds—
Maturity.
Stock, $500,000 ($100)
$387,000
lstmort., $500,000, gold) 1904
5 g. J-J
300,000
Jan. 1, 1929
($500 and $1,000) ..c&r s Int. at Title Guar. & Tr. Co., N. Y., trustee.
Bonds— sinking fund, of 5 per oent of net earnings is provided.
Bonds are subject to call after Jan. 1, 1914, at 105 and interest.
A
Earnings—For 4 months ending
Sept. 1, 1904, gross, $60,778; net,
$o5,955.
Road— Operates 34 miles of traok between Coeur D'Alene, Idaho,
and Spokane, Wash and has trackage rights of 3 miles additional in
city of Spokane with Spokane Traction Co. Standard gauge. 60-lb.
,
T rail.
Officers— President,
F. A. Blaokwell, Coeur D'Alene; Vioe Pres.,
Graves; Secretary, C. P. Llndsley; Treasurer, William Dollar;
Gen. Man., R. F. Blaokwell.—V. 78, p. 286.
G
COLORADO SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.
Organization— Incorporated in August, 1902, as a consolidation of
the Colorado Springs Rapid Transit Ry. and the Colorado Springs &
Suburban Rv.
The consolidated company, it is understood, will
issue $1,500,000 stock and $1,500,000 5 p. o. bonds, but information
as to new company refused— "is a close corporation and has neither
stock nor bonds on the market." We are advised however, that sufficient of the new bonds are reserved for underlying lines. Facts below
relate solely to the old Colorado Springs Rapid Transit Ry.
,
STOCK
&
Colorado Springs Rapid Transit.
BONDS— Miles. Date. Interest. Outstand'g.
Maturity.
Stock (par $100)
$500,000 f.p
IstM., $1,000 eaoh...
7hi 1890 6 A-O
338.000
1910
Consol. M.,$l ,000 ea.,) 27
1891 6 g A-O
162,000 Apr. 1, 1921
for $500,000, gold., i
Central Trust Co., N.Y. Trustee.
Interest is payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of
$250,000 of the bonds; $338,000 reserved for first mortgage
Road— Owns 38 miles of track.
OFFICERS— President, A. G. Sharp; Vice-President, D. H. Rice; Secy.
Wm. Lloyd; Treas., C. S. Cbaraburlln.— V. 70, p. 75, 175, 328.
—^»—
COLUMBIA,
S. C.
COLUMBIA
RAILWAY
LIGHT & ELECTRIC
road.
PO WER-A STREET
trolley
Organization— Organized in S.Car.Jan.6,1892, and is aconsolidation
of the Columbia Electric & Suburban Ry. Co. ana the Congaree Gas <fe
Electrlo Co., Controls by lease from state of South Carolina 500 H. P.
water power on banks of Columbia Canal for 30 years from Deo. 6,
1892. Has acquired the Columbia & Eau Claire Electrlo Ry. and the
Columbia Gas Light Co.
Control of the company was acquired in 1903 by the Columbia Trust
Co. and other looal Investment interests allied with it. See V. 77.
p.
2280.
In April, 1904, the Public Service Co. was organized by Interests
identified with this company. The Columbia Elect. St. Ry., Light
Power Co. will have trackage rlgnts over that company's tracks.
A
STOCK & BONDS—
Common, $250,000, $100.
Date.
OuiKtano-mg.
Interest.
Maturity.
..."...
$250,000
„,'
250,000
j
$100
lstM.$350,000($l,000)0» 1900 5 g. J.-J.
120,000
Jan. 1, 1930
New 1st cons. mtge. g... ) 1903 5 g. A.O.
5*0,000
Apr. 1, 1933
$1,000,000 $l,000s.f..o* I Int. at Slater Tr. Co., Pawtucket, R. I., Trus.
Bonds— $120,000 of new consols is reserved to retire the first mortgage bonds. A sinking fund is provided as follows: From 1908 to 1912
$3,000 per an., from 1913 to 1917 $7,000 per an., the remaining 15
years $10,000 per an., and bonds are sublect to call at 105 and int. on
Apr. 1, 1908, or on any interest day thereafter.
Pief..
Inoorporated at Columbus, O., In Oct., 1903, with $250,000 authorized capital. Is a 3-oent fare company, which has succeeded to the
franchises granted the previous month by the Cleveland City Council
to the People's Ry. The work of construction has been enjoined and
case is now in the Circuit Court President, M. A. Fanning.— V. 77 d
Maturity
$4,500,000
Q nnA nnn
3,000,000
)
g.,
Organization.—Incorporated
in Ohio in Jan., 1902, as a consolidation of the Cleveland
Eastern Ry., the Cleveland A Chagrin Falls
Electric RR. and th« Chagrin Falls A Eastern Electrlo Ry.
In April, 1903, it was proposed to issue $300,000new preferred stock
to take up a like amount of income bonds, so that $300,000 1st mtg.
bonds reserved for the retirement of the same oould be released. V. 76.
This plan has not been oarried out. These income bonds were
p. 704.
authorized at the time of the consolidation, Interest to be paid if
earned. As soon as Interest is paid on theeo bonds the holder is
obliged to exchange them for first mortgage bonds, thus increasing
the amount of first mortgage bouds outstanding to that extent.
Outstand'g.
-
"—V. 78, p. 768.
Officers— President
5% cum
Interest.
1903 5 g- J-J
1,750,000 Jan.1,'23
(
<B4 000 000
0<
Int. at Citizens' Sav. A Tr. Co., Clevel and,
3.' $4,000
c? ]
o
^ tru8l ee, or Colonial Trust Co., N. Y.
1903 5 «• F" A
889,000
Feb.1'33
General mree
<R7 000 000 (
?l
Int
at Citizens, Sav. & Tr. Co., Cleveland,
'
.
]
(SI 000) gom
w>i,vuuj
cold'
e
o
^ trustee, or company's agency in N. Y.v^5
5 S- J " J
$750,000 July 1,* 27
Lorain AC 1st er«1
OOOl ( 1897
( * 1 000
g
Interest at Cleveland Trust Co., trustee,
$1000 000 '
*i,uuu,uuu
or Colonial Trust Co.. New York.
^
T.F.& N". 1st M., $1,500,000, ) 1900
5g. J-J
1,500,000 Jan. 1, '20
W.
EASTERN OHIO TRACTION-Trolley.
Date.
1st con
mte
($1
ut>i,uw)
000) goia.
Receivership— On Feb. 15, 1904, President George T. Bishop was
made receiver at the instanoe of the directors, pending reorganization.
95 miles.
& BONDS—
Com., $4,500,000 (par $100)
Pref. stock, $3,000,000 (par
'
31—
Gross earnings
Expenses and taxes
On
STOCK
[Vol. lxxix.
$250,000, tt% cum.,
EARNINGS.-For 1903, srross, $139,661; net, $53,197; fixed charges,
$37,861; surplus, $15,336.
Road— Operates about 16 miles of track. Also does all electrlo lighting for city. Owns water power contracts.
OFFiCERS-Pres., E. W. Robertson
1st Vioe-Pres., J. L. Minnaugh
2d Vice Pres., and Gen. Mgr., P. I. Welles Sec, A. L. Kraus Treas.
Columbia Trust Co.— V. 76, p. 1248, 1300; V. 77, p. 2^80.
;
;
;
)
STREET RAILWAYS.
.Oct., 1904.
COLUMBUS, GA.
ELECTRIC COCOLUMBUS
Maine on Feb.
Incorporated
Stock & Bonds—
Common, $750,000 ($100)
1903, anil owns all
the securities of the Gas Lt. Co. of Columbus, a controlling interest in
the Chattahoochee Falls Co. and the greater part of the securities of
the Col 3 mbus RR. Co.. which companies do the entire street railway
and lighting business of Columbus and the adj >iniog towns of Phoenix
and Glrard. Franchises perpetual. The freight lines are leased to the
Seaboard Air Line Ry. for 50 years, from Got. 17, 1901, at a rental of
$7,500 per annum.
Outstand'g.
Maturity.
Interest.
Date.
Bonds.—
Stock
$750,000
Com., $750,000 ($100)
t_j
Pref., 6 p. c non-cum. )
*/t,wv
272,000
J J
In
OrqanIZATION—
6,
&
$500,000 ($100) ...\
614.000.. Apr. 1, 1933
1903 5g.,A-0
lst'col.M.,$l.*00,000,>
os Interest at City Trust Co., Boston, Trustee.
"old ($1.000)
423,000
Oct. 1, 1937
1898
5 A-O
Col. RR. 1st mort'ge.,?
$450,000. gold
$ Int. at West End Trust Co. , Phila., Trustee.
Col. RR. 2d mort.; 1st }
250,000
Oct.
1903
6 A-O
1,1937
P
Int at CIty Trust Co -* Boston Trustee.
)
um $250*000
1891
15,000 June 1, 1911
6 J -D
G. L. Co. of Col. Mtge'.
Bonds.— Ot the $450,000 Columbus RR. 1st mortgage bonds $27,000 are reserved to retire underlying 6 p. c. bonds of like amount due
in 1913. The new $1,500,000 bonds of the Columbus Eleotrio Co. are
subject to call on or after April 1, 1908, as a whole, at 105 and interAn "improvement fund" of 2 per cent per annum of outstandest.
ing bonds commences in 1905.
'
Road—Operates 2472
miles of track.
Earnings— For 12 months 'ending July
31. 1904, for
Columbus RR.
only, gross, $154,472; net, $50,082; charges, $22,097; surplus, $27,985.
Of the Gas Light Co. of Columbus for 12 months ending July 31, 1904,
gross, $22,954; net, $7,360; charges, $1,283; surplus, $6,077.
Officers— Presid't. H. G. Bradlee; Vice-Pres., John W. Hallowell,
Stuart Pratt; General Managers
Sec, Henry R. Hayes; Treas.,
Webster, Boston.— V. 76, p. 704.
and Transfer Agents, Stone
A
&
COLUMBUS, OHIO.
COLUMBUS RY. & LIGHT CO.-Trolley and
electric
light.
ORG A NIZATION— Incorporated in Ohio on May 12, 1903, and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a
rental of guaranteed dividends at the rate of 5 per cent per annum on
the preferred stock of the former and 6 per cent per annum on the preferred stook of the latter, and 5 per cent per annum on the common
stock of each, the dividends on the common stock of each company to
commence Sept. 1, 1903. Holders of common stock of the two companies were allowed to subscribe to the stook of the new company to
the amount of their present holdings, 20 per cent to be paid in cash and
the remainder subject to call, but not more than 10 per oent in any one
year. See V. 76, p. 1 142.
STOCK
&
Bonds.— Date.
STOCK
Maturity.
Outstand'g.
Interest.
20
Stock, $5,000,000
paid in
p. o.
Bonds.—
Date.
unnnnnni
*d,UUU,UUUJ
Stock, com., $3,500,000)
($100)
\
Stook, pref., $3,500,000 )
($100) 5 p.o. cum. guar. $
1
Outstand'g
Interest.
Last
f'U 889
.
dit., <te.
Sept. 1,1904
ii4
= nn t ( c J Aug.
„
a,ouu,uw^
ii*
.
.
P
1,
p
.
o.
.
1904,
.
-J595,000 July 1, 1909
5
^'a^bec^Ued^or
Interest at Central Trust Co., N.Y.
>
at 110 ........
5K.J.-J.
2,40%000 July 1, 1932
Col st.Ky.ist
St RvTst $3,000,000
*Tooo OOO >( 1892
coi
Thereat at E. W. Clark & Co., Phila.
* olu
° ( Knickerbocker Trust Co., N. Y., Trustee.
Crosstown 1st mort., g., > 1893 5 g. J.-D.
572,000 June 1, 1933
gu., p. <fci. o.*
Knickerbocker Trust Co., N. Y., Trustee.
5
Columbus St. Ry. notes
4
24,000
See Text.
$7 00 °' 0<
4 'Q- J
Oct. 1,1939
2.799,000
°°<kl 000>^old
$1 1899
Int at Union 8av. Bk. & Tr. Co. of Cin.,
Bonds art redeem after 1 TrU8tee
at E
aark & Co » PWla - or
Oct 1 1914 at 1^5 and
^
8- J-
'
-
"
'
W
-
c
*)
interest
Bonus.—The Columbus Street Railway mortgage
at
'
°-' 8 offlce -
of
1892
is
for $3,-
000,000, of which $595,000 are in hands of trustee (Knickerbocker
Trust Co., N. Y.) to retire the Col. Consol. St. RR. firsts. The Grosstown Street Ry. 1st M. is for $2,000,000, of which $572,000 are outstanding; the rest have been canceled. Principal and interest of the
Crosstown bonds were guaranteed by the old Col. St. Ry. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Railway,
$1,500,000 were issued in payment for the Columbus Cent. Ry. property; $3,000,000 will be held in trust to retire the Columbus Street Ry.
and the Columbus Consolidated Street RR. bonds, $572,000 to retire
the Crosstown mtg. bonds and $300,000 to take up unsecured 4 per
cent notes of the Columbus Street Railway; $1,628,000 was reserved to
be used hereafter from time to time in making extensions, improvements and additions—$628,000 upon a 23-vote of directors, the other
$1,000,000 only on a vote of stockholders. This oovers the whole
$7,000,000. In the table above we report as outstanding, $2,799,000.
This includes $1,500,000 Issued in payment for the Columbus Central
Ry., $256,000 issued under the clause providing for the retirement of
4p.c. notes and $1,043,000 under the clause concerning improvements; of the $2,799,OOOout, $1,299,000 are held by the Columbus Ry.
Light Company.
The 4 p. o. notes of the Columbus St. Ry. given above mature
on March 15, 1905.
Franchises — Circuit Court at Columbus, O., on June 25, 1903,
handed down a decision sustaining the claim of the Columbus Ry. to
perpetual franchise rights on certain streets. V. 77, p. 35.
Columbus Edison Co.
Date. Interest. Outstand' g.
Maturity.
STOCK
Bonds—
Common, $100
Q.-M.
....
$450,000 Sept, '04, 1H%
&
&
Pref.
C
6%
le
°gold
C
cum. $100
1
tm0rtgaSe
eu ar
°gofd^ua?*'^!
....
Q.-J.
---•
6g.M.-N.
450,000 Oot., '04, lV/o
450,000 Nov. 1, 1922
•-
5g.A,0.
300,000
S
ga
^i
Bonds.— uoth underlying
liens are guaranteed
Apr. 1, 1929
by Columbus Edison
Co.
Properties Control led- Operates 106 miles of track, 5*6 of which
a new suDurban line and 1 2 miles interurban. Also does the greater
part of the electric light and power business of Columbus.
OFFICERS— Pres., Robert E. Sheldon; 1st Vice-Pres., Gen. Mgr. and
Treas., E. K. Stewart: 2d Vice-Pres.. C. M. Clark; Sec. and Auditor,
is
P. V. Burington.-V. 77, p. 35, 451; V. 78, p. 703.
CENTRAL
MARKET STREET
(See map on page 1528).
road.
Date.
Interest. Ontstand'o.
RY--A
trolley
Controlled by the Appleyard syndicate of Boston. It is the intention to consolidate all the lines controlled by this syndicate under
title of Ohio Union Traction Co., which see below.
ORGANIZATION -Incorporated in Ohio on Jan. 5,1901. Franchise
provides that tickets shall be sold 8 for 25 cents and transfers be
issued to all lines entering or using the Columbus
London &
Springfield Ry. Co. interurban loop. In July, 1902, both the preferred
and common stock were increased from $500,000 to $750,000.
Maturity.
$750,000
See text.
500,000
500,000 Jan. 1, 1922
6% non-o. ($100)
5 g. J-J
1st mortgage, $500,000, ) 1902
Tr. Co., N. Y., Trustee.
gold ($1,000). gu. p.&i.o* > Int. at N. Y. Sec
Bonds— sinking fund of 5% of gross receipts commences after 5
vears. Entire issue is subject to call after 5 years at 110 and interest.
These bonds are guaranteed, principal and Interest, by Col. London
& Springfield Elec. Ry.
Dividends—Three dividends of $1 50 per share paid to Feb. 1, 1904;
none since.
road— Operates 16 miles of track, all in city of Columbus. Also
leases 15 miles of city line from the Columbus London & Springfield,
Pf. ,$750,000
&
A
the
Columbus Buckeye Lake
& Southwestern.
the
Columbus Grove City
& Gen.
Mgr., Richard Emory; Vice-Pres. ,C. A.
Coaney; Treasurer, Geo. B. Appleton.— V.
679, 726, 883; V. 75, p. 239; V. 77, p. 88; V. 78, p. 1548.
OFFICERS— President
Alderman; Secretary,
74, p.
& Newark and
C. F.
BUCKEYE LAKE & NEWARK
COLUMBUSCOTRACTION
Organization— Incorporated in Ohio on Oot. 19, 1899. Of the
$1,500,000 authorized capital stook, $500,000 was ohanged to preferred in 1902. Built largely on private right of way.
Date. Interest. Oustand'g.
Maturity.
Stock db Bonds—
$1,000,000
Common, $1,000,000 ($100)
Preferred stock, $500,000,
«
I- J
T
500 000 JTulv
doo.ooo
uiy, '04
b Jt |04, 10/
4%n
<$l00)6percent,|non-cum.$
1901 5 g., M-N 1,243.000 Nov. 1, 1921
1st mortgage. $1,500,000, )
c* s Int. at Knickerbocker Tr.Co., N.Y.,trustee.
gold ($1,000)
Bonds— The remaining $257,000 can only be issued for additional
property at 75 p. c. of oost. Are subjeot to oall on any Interest date at
110 and interest on 3 months notice.
Dividends— First dividend of H« p. c. on preferred stock was paid
Jan. 1, 1903; also 3 p. c. July, 1903; in 1904, Jan., 3 p. o.; July, 3 p. o.
Earnings— For calendar year 1903: gross, $193,490; net, $93,711;
interest and taxes, $63,450; dividends, $30,000; surplus, $261.
Road— Operates an electric road from Columbus to Newark, with a
branch from Hebron to Buckeye Lake, 39 miles; 70-lb. T, 90-lb. girdAlso owns large summer resort at Bucker and 107-lb. Trilby raiL
eye Lake, covering 18 square miles. Standard gauge, 14 oars.
OFFICERS— President, S. Reed Anthony, 53 State St., Boston; VioePres., Philip Saltonstall, Boston: Treasurer, Chaunoey Eldridge, 53
State St., Boston, Mass.; See'y, Frank W. Merrick, Columbus; Gen'l
Supt., J. R. Harrigan, Newark.— V. 77, p. 88; V. 78, p. 703, 2334.
NEWARK
COLUMBUS
RY- A trolley road.
ELECTRIC
& ZANESVILLE
Organization-- Incorporated in Ohio on July
2,
1902, and in May,
Newark & Granville Street Ry.
Interest.
Outstanding.
Bonds— Dale.
1904, absorbed the
Stock
&
Com., $850,000,$100
Columbus Railway Co.
&
1527
Maturity.
$850,000
400,000
Pf.,n.-o.,$400,000,$100
8
Mar. 1. 1924
5 g.
1,250,000
1st mort., $2,000,000, ) 1904
o* s Int. at Knickerbocker Trust Co., N. Y., True.
gold ($1,000)
Bonds.— No sinking fund; entire issue of bonds (but no part) can be
called at 110 and interest on any interest date; $750,000 are reserved
for future improvements at 75 p. c. of oost.
Road.— Operates 30 miles oi' track from Newark to Zanesville, including the city lines in Newark and Granville. Commenced operations on May 6, 1904. Standard gauge; 70-lb. T-rail.
Officers. -Pres.. P. L. Saltonstall; Vice-Pres., 8. Reed Anthony;
Sec , F. W. Merrick; Treas., Chaunoey Eldridge, all of Boston; Gen.
Man., J. R. Harrigan. -V. 78, p. 2334.
M
DELAWARE
COLUMBUSRRELECTRIC
&
MARION
Organization— Incorporated in 1901. In Oot., 1903, stook was in
oreased to $1,666,000. V. 77, p. 1533.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Common, $1,000,000
$1,000,000
Pref.6p.c.cuui.,$666,000
666,000 Aug., '04,3%
May 1, 1921
1,000,000
i=+ ™„,*„
«i
nnr>
nnn
C !901 5g. M-N
'
$
°°£}lnt. at Cleveland Tr. Co., Cleveland,
L^«??>nm
goia
o
»i,wi
trustee, or Nat. Bank of Com. in N. Y.
^
Earnings— For period from Mar. 5 to Deo. 31, 1903, gross, $117,289;
net, $55,746.
DivlDEND-First on pref., Feb., 1904, 3 p. o.; Aug., 3 p. c.
Road— Operates an eleotrio railway over private right of way from
Columbus to Marion, passing through Franklin, Delaware and Marion
counties. Also 7 miles in the City of Delaware, a total of 57 miles.
OFFICERS— Pres., Jno. G. Webb; Vice-Pres., O. M. Gottschall; Treas.,
W. A. Black; Sec, H. B. Hane; Gen.Mgr., Geo Whysall. Offlce, Buggery Building, Columbus, O.— V. 77, p. 1533, 2281.
&
6F-A
'
COLUMBUS LONDON & SPRINGFIELD
RAILWAY-A trolley road. (See Map on page 1528).
Is controlled by the Appleyard Syndicate of Boston, which also conUrbana and the other roads shown on
trols the Dayton Springfield
&
map.
General consolidation expected under name of Ohio Union
Traction Co.
Organization— Incorporated in Ohio on Jan. 26, 1900, to operate
a passenger and freight line between Columbus and Springfield via
London; also empowered to supply light, heat and power along its
route. In April, 1 900, was granted a 25-year franchise in Columbus
with the provision that the road was to be ready for operation in
City of Columbus by July 1, 1901, and sell 7 tickets for 25 cents for
use in the city, good at all hours. The ordinance also provides for the
payment of 2 per cent of gross receipts from local passengers (viz.,
passengers riding wholly within the city limits) during the life of the
franohise. The formal opening of the line into Columbus took place
on June 29, 1901. In April, 1903, issued $1,500,000 of preferred stock
and reduced common to $1,000,000. Guarantees the $500,000 1st
mtge. bonds of the Central Market St. Ry., principal and interest.
Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
Preferred $l,ft00,000!($100)
$1,500,000
1,000,000
Common $1,000,000 ($100)
1,500,000 Oct. 1, 1920
1st M. $1,500,000 ($1,000) J 1900 5 g. A-O
} Int. at N. Y. Sec. & Tr.Co., N.Y., Trustee.
gold c*
Stock and Bonds. —The preferred stock is entitled to 5 p.o. non-cumulative dividends until 19o6; thereafter 6 p.o. Entire issue of bonds
may be called after 1906 at 110 and interest. A sinking fund of 5% of
gross earnings begins with year ending Sept. 30, 1906.
Road.— Operates 15 miles of track in cities (Columbus, Springfield,
London) and 60 miles between cities; altogether 75 miles of track.
Forms part of the through line from Indianapolis to Columbus, a distance of 184 miles. See Dayton & Western Traction.
OFFICERS— President. A. E. Appleyard; Vice-Pres't. C. A. Alderman;
Treasurer, Geo. B. Appleton. 50 State Street. Boston.— V. 72, p. 872; V
74, p. 986; V. 76, p. 971; V. 77, p. 88, 298; V. 78, p. 1549.
&
1528
STREET RAILWAYS.
[Vol. lxxix.
MAP OF
OHIO RIVER & WESTERN RAILWAY
CO.
COLUMBUS, LONDON & SPRINGFIELD RY.
TUCK
CO.
CENTRAL MARKET STREET RAILWAY CO.
COLUMBUS, GROVE CITY & SOUTHW'N RY. CO.
SPRINGFIELD & WESTERN RAILWAY CO.
DAYTON, SPRINGF'D & URBANA ELEC. RY. CO.
LRBANA, BELLEFONTAINE & NORTH'N RY. CO.
DAYTON, LEBANON & CINCINNATI RY. CO.
KENTON & SOUTHERN RAILWAY CO.
Controlled by A. E.
APPLEYARD &
CO.
—
STREET RAILWAYS.
Oct., 1904. j
(1)
CORTLAND,
COLUMBUS GROVE CITY & SOUTHWESTERN RY.—
Organization— Incorporated in Ohio in 1901 and aoquired the
Grove City & Ureen Lawn line. The Columbus London & Springfield
Ry. owns $210,000 of the $250,000 oapital stock, and guarantees the
bonds, prinoipal and Interest.
FRANCHISES in Columbus are for 25 years from July 1, 1901 front
Columbus to Grove City run until 1921, and from Grove City to Morgans owns private right of way.
Outstanding, Maturity.
Interest.
Date.
STOCK & BONDS—
;
$250,000
Stock, $250,000
210,000 July 1, 1921
5 g.
J-J
lstnitge. $250,000 (gold)) 1901
A
($l,000).c£r gu.p.&l. S.lnt.payableatN.Y. 8oe <kTr.Co.,N.Y.,Trus.
Bonds—Of the authorized issue of $250,000, $40,000 is reserved for
extensions at not exceeding 75 per cent of cost. A sinking fund of 5
p. o. of annual gross earnings begins with year ending Aug. 31, 1906.
Entire issue can be called for payment after July 1, 1906, at 110 and
accrued interest. Adams & Co., Boston, offered the bonds for sale in
Oct., 1901.
CO.
OHIO UNION TRACTION
in Ohio on Jan. 28, 1904,
Organization— incorporated
In the Interests of the Appleyard syndicate of Boston, with a nominal capital
of $10,000, which was later increased to $700,000. It Is expected to
form a general consolidation of the roads controlled by this syndicate
Springfield, the Dayton
—among others the Columbus London
Springfield
Urbana Electric Ry. and the Central Market St. Ry De
See map of roads controlled on page 876.
tails not ready in U ct., 1904
&
&
E. Appleyard; Vlce-Pres., Richard Emery; gee,
Coanev; Treas.. G. B. Appleton.— V. 78, p. 1498, 1550, 2012.
OFFICERS— Pres A.
,
COLUMBUSNEWALBANY&JOHNSTOWN
CO—A trolley road.
TRACTION
Organization.— Incorporated
STOCK
&
Bonds—
Date.
in
Ohio on
Interest.
May 4, 1899.
Outttanding.
Maturity.
Stock, $200,000, $100
$150,000
1st mtge., $200,000)1900
5g. J J
150,000
1920
gold ($1,000)
Cleveland
Trust
Co , Trustee.
o 5 Int. at
Bonds.— Are not subject to call. Entire issues of stook and bonds
are held by the four stockholders.
Earnings-— For calendar year 1903: Gross, $32,948; net, $13,807,
In 1902: Gross, $26,133; net, $11,584.
ROAD —Owns 6
from Columbus to Gahannna; has
perpetual lease of 2*s miles of tracks of the Columbus St. Ry. as ter-
l miles of track
minal: total operated, 8 6 miles; gauge, 5 ft. 2»« in.; 65-1 b. T-raiL
extension of 17 1* miles to New Albany and Johnstown over private
right of way will be built in spring of 1905.
OFFICERS-— President, Daniel J. Ryan: Vice-President, William
Shepard; Sec. -Treas. and Gen. Man., L. P. Stephens.
An
CONCORD, N. H.
CONCORD
STREET
RAILWAY-A
extending from the
wards
Concord
Penacook.
trolley roa<%
central
< omprises
of
to
1271 miles of track. In June. 1901, control passed to the Boston <fe
Maine RR.,and in 1903 the New Hampshire Legislature authorized the
Concord
Montreal RR.. which is leased to the Boston & Maine, to
purohasethe property and to issue stock and bonds to pay therefor.
on June 22, 1901, of the
Organization— Is a
land & Homer Traction, sold at foreclosure on April 23, 1901. Owns
all the stock of Cortland & Homer Eleotrlo Co., whloh furnishes 150
aro lights to the olties of Homer and Cortland, and also lamps to the
public. Carries coal and freight as well as passengers; also owns
lease of the Cortland & Homer RR.
Date.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
&
Stook, common,$120.000 ($100)
200
000
zuu.uuu
1901
Apr. 1, 1921
4g. A-O
180,000
1st mtge., $180,000] County Sav. Bk. <& Tr.Co.,Soranton, Pa., trust.
Interest at company's otflce.
No sinking
*ol
($500), gold
fund and bonds cannot be called.
L
Road—Operates 10 miles of track between Cortland and Homer and
Cortland and McGrawville.
EARNINGS-For fiscal year ending June 30, 1904: Gross $47,393
f
net, $15,780 other income, $592; total net income, $16,372; charges,
$8,879, surplus, $7,493.
OFFICERS— President, Frank Battles, Phlla.; Vlce-Pres., Edw. H.
Brewer, Cortland; Seo. and Treas., Edwin Duffey, Cortland, N. Y.— V.
72, p. 821, 1187.
;
COVINGTON, KY.
CINCINNATI NEWPORT & COVINGTON
LIGHT & TRACTION CO.-A trolley road
The North American Company owns a large amount of the pref. and
stock of this company.
Organization— Incorporated under the laws of New Jersey on Mar.
11, 190:J. and purchased all the stook of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington
Railway. V. 74, p. 576. The latter was organized in 1892 to buy up
and consolidate all the roads on the Kentucky side of the river,
common
opposite Cincinnati.
The Cincinnati Covington & Erlanger Street Railway (providing for
an extension to Erlanger, 7% miles), incorporated Sept., 1899, wltb
$250,000 stock (shares, $50), is controlled and is being built out of
proceeds of sale of the pref. stock of the new company.
Date.
Interest. Outstanding.
Maturity.
BONDSSTOCK
Com., $5,000,000 ($100)
$5,000,000
&
ST.
Organization— Organized
& Clinton Street Ry.
In Mass. Mar. 27, 1901.
Acquired Con-
Feb. 1, 1902.
Date.
Interest.
Stock dfc BONDS—
Outstanding.
Maturity
8t'ck.$175,00f\*100
$175,000
IstMtge., $175,000;) 1902
5g. J-J
165,000
July, 1922
gold, $1,000. oAr s Int. at Amer. Loan & Tr. Co., Boston, Trustee.
Road— Operates 15 miles of track between Concord, Stow, Maynard and Hudson; 7 open and 6 olesed cars, 2 snow plows and 1 con.
struction car.
Earnings— For year ending Sept. 30, 1903, gross, $58,980; net, $13,477; interest, $8,250; surplus, $5,227.
OFFICERS -Pres .Walter R. Dame, Clinton; Vice-Pres , C. H. Persons,
Maynard; Treas., W. S. Reed, 53 State St.. Boston.— V. 75, p. 184, 611.
CONNEAUT, OHIO.
CONNEAUT & ERIE TRACTION CO-A
road.
Organization.— Incorporated In Pennsylvsmla in 1901. Owns all
the btock and bonds and leases the Conneaut & Erie Traction Co. of
Ohio, which owns 1 99 nrdles of track
&
Datf.
Interest
Outstand'g.
STOC*
BONDS—
Maturity.
Stock, $ c 00,000. *50.
..
...
$800,000
Ref. Mtge.. $1,250,000) 1904
200.000
May 1, 1924
5s.
($500&$ 1,000) g ,c&r S Int. at Fidelitv Trust Co.. Philadelphia, Trus.
1st Mtge., $^00,Oo0.g.) 1902
5g.
Sept. 1, 1922
800,000
($500 & $1,0« 0) c&r ] Int. at Fidelity Trust Co Philadelphia, Trus.
Bonds.—Of the $1,250,000 refunding bonds, $800,000 are i e- erved to
retire prior liens, and remainder for improvements and extrusions.
The new refunding bonds are subject to call at any time at '10 and
Interest. A sinking fund of 1 per cent pir annum for 5 years becomes
operative on May 1, 1909; for following 5 years, beginning 1914. 2 pf r
cent, and for following 5 years, beginning 1919, 3 per cent per annum
of outstanding bonds. The 1st mortgage bonds are subject to call at
any time at 110 on four months' notice.
Ro» D— Operates 35 miles of track from Conneaut, Ohio, to Erie, Pa ,
mostly on private right of way. Standard guage, 60 lb. T rails.
OFFICERS - Pres., Robt. L. Forrest; Vice-Pres.. M. M. Freeman; 2d
Vice-Fres. and Gen. Mgr., C. E. Fjynn; Seo , J. F. Giieves; Treas.,
John H. Crome Jr.-V. 79, p. 680.
.
MN
MS
,
CORNING,
Y.
N.
CORNING & PAINTED POST STREET
A trolley road.
.
Organization- Incorporated Deo. 11, 1894.
1895.
Bonds—
Date.
Stock, $100,000; ($100)....
Interest.
RY.-
Commenced Nov.
1,
Outstand'g. Maturity.
$100,000
1896
5 J -J
100,000 Jan. 1, 1916
Int. at Beacon Trust Co., Boston.
ROAD— Owns 5'9 miles of track, from Corning to Painted Post.
EARNINGS-For year ending June 30, 1904, gross, $41,833; net,
$18,543; interest and taxes, $7,051; surplus, $11,492.
Officers— President, Frank H. Viele, Worcester, Mass.; Vlce-Pres.,
Chas. M. Hyde, Corning; Secretary, C. L. B. Tylee. Newark, N. J.;
Treasurer and General Manager, W. H. Tylee, Worcester Mass.
1st mortgage $100,000..
[
0.*. 15.04,,!*
>
1882 6
M-8
250,000 Mch., 1912
(W. A. Goodman trustee.
150,000 Jan. 1, 1932
2d Consol.M., $500,000 g. ) 1892 6 g. J - J
Covington Sav. Bk. & Tr. Co., Trustee.
($500— $1,000)
5
Newp.ADay.8t.Ry. IstM. 1887 6 F-A
100,000 Aug. 1, 1917
&Cin. 1st M.
Cov.
So.
($1,000)
Cincinnati Newport <6 Covington
lstfconsoLmort.,gold,$3,-) 1892 5
2,500.000 July 1, 1922
g. J-J
000,000 ($1,000). .c* <fe r S Farmers' Loan <fc Trust Co. of N.Y., Trustee
1896
5
600,000 July 1, 1922
2d mortgage, $1,000,000, )
g. J-J
o 5 Farmers' Loan & Trust Co., N. Y Trustee
fold ($1,000 each)
Tnion LI. Heat <t P. Co.—
(
1901 4 g. M-N
1,500,000 May 1, 1918
,
1st mtge., $2,000,000,
g.
I
($100,$500<Ss$l,000)c<fer1
1
B
e
Bank of Commerce, N. Y.; First
Nat'l Bank, Cincinnati, or at German
Nat'l Bank, Covington.
Int. at Nat.
(
moZ^ell00 006l Int
.'
f. .'...
c* 5
6
-
at
«•
JD
German
^O' 000 Deo.
1.
1912
Nat. Bank, Covington, Ky.
Bonds-Of the rst consolidated bonds of 1892 of the O. N. & C. Ry.
$500,000 are deposited with ihe trustee to retire all the underlying
mort. bonds. The perpetual charters of constituent companies are
kept alive, and their capital stocks are deposited with the trustee as
collateral for the first consols. Interest on those bonds is payable at
the Bat. B. of Commerce, N. Y.. First Nat'l Bank, Cincinnati, and German Nat'l Bank Covington. The Union L't, Heat & Power Co. bonds
can be called after May 1, 1906, at 110 and interest. Of these, $500,000
are available for improvements, additions, or purchase of other companies at par for actual cost.
DiviDENDS.-The first dividend of 1 p. o. on preferred stock was paid
In Oct., 1902. On Jan. 15, 1903, 1^ p. o. was paid and April 1* p. o.;
July 15, 1>a p. o Oct. 15, 119 p: 0. In 1904, Jan. 15, 1*9 p. c; April
15,
p. c; July 15, He p. c; Oct. 15, l»s P- c.
Road— Connects Cincinnati, Newport, Covington, Dayton, Bellevue,
Ludlow, Bromley and Ft. Thomas. Total in operation 60 miles laid
with 80 Johnston girder and 72-pound " T" rails.
m
;
;
REPORT
trolley
**<*-* 4.160,000
^okoO^mSo^'^r.l
Underlying Bonds —
Si 000)
trolley road.
&
i
$200,000 5%)
non-cum. ($100).... J
fo
CONCORD, MASS.
CONCORD
MAYNARD & HUDSON
RY.— A
Stock
„,
9ft nnn
*i^u,uuu
)
Pref.,
&
cord
N. Y.
TRACTION.-Trolley.
CORTLAND COUNTY
reorganization
Cort-
;
15 miles of road from Columbus to Grove
City and Morgans, connecting with Columbus London & Springfield,
and does also freight and express business.— V. 78, p. 1549.
Road— Operates about
C. F.
52i>
1
Gross.
Net.
InUrest.
8urplus.
$1,224,352
$523,390
$252,760
$270,630
493
1,103,998
550
237.677
255,873
LATFST Earnings.—Jan. 1 to Aug. 31, in 1904: Gross, *730,268; net»
$297,573; charges. $148,029; surplus, $149,544. In 1903: Gross.
$682,391; net, $283,728; charges, $147,184; surplus. +136,544.
Ttar.
1P03
1902
OFFICERS- President, James C. Ernst; Vice President, C. W. Wetand Treasurer, George M Abbott Supt., Jas. R.
Ledyard.-V. 74, p. 326, 426, 528. 576, 9d6, 1307.
more; secretary
;
CUMBERLAND, MD.
CUMBERLAND & WESTERNPORT ELECTRIC RY.-A
trolley road.
In Sept., 1904, the Meyersdale & Salisbury Ry. Co we»e contemplating the purchase of this road and consolidation with that company*
Organization— Organized in Maryland on April 11. 1902, by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cumberland Ry. Has absorbed the Lonaconing Midland & Frostburg Ry.
Date Interest Outstanding Maturity.
STOCK
Bonds—
&
Stock. $1,000,000,
F
0k
$50
lb
$398,100,,
t
-° 15
l 1901 5 «- J
Int at Real Estate
o* /
Sept. '03 ,3%
June, 1926
Tr Co Phlla, Trustee.
($500 & $1,000)
Lon. Mid. & Frost 1st M. ) 1901 5e. J-D 16
200,000
June, 1926
$200,000, g. ($l,000),c* \ Int. at Real Estate Tn. Co.. Phila., Trustee.
Bonds.— No sinking fund, but bonds can be called after June 15,
1910. at 105.
Dividends.- A dividend of 3 p c. was paid in Sept., 1E03
_ Earnings— For 12 months to Dec. 31, 1903: Gross, $91,211; net,
$43,532.
ROAD— Operates 20 miles of track between Cumberland and Lonaconing, 60, 75 & 92 lb. T and girder rail; standard gauge.
OFFICERS— Pres., R. H. Koch, Pottsvllle, Pa.; Sec. and Treas., Wm.
H. Roberts Jr., Cumberland; Supt., Wm. R. Miller, Frostbvwg.
mt«.
's250
000
ffold
230,000
-
.
DALLAS, TEXAS.
DALLAS ELECTRIC CORPORATION-Troliey
Serves a population of 60.000.
„
of Lew Jersey in 1902
the stock and bonds of the Dallas Consolidated Electric Street
Organization— Incorporated under the laws
to
own
STREET RAILWAYS.
1530
Ry., the Rapid Transit Ry., the Metropolitan Electric St. Ry. and the
Pover Go., constituting praotloally all the
Dallas Electric' Light
street railways and nearly all the electric-lighting business of Dallas.
Franchises expire 1921 and 1922.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
Com., $3,000,000 ($100)
$3,000,000
&
&
Pref.,
$1,500,000,
5%
non-cnm. ($100)
.
n
A-O
.
^y
3,408.000 April, 1 1922
Trustee, Boston. Trustee.
ToOO) .....!..... c*5
Bonds. — A sinking fund of 1 p. o. per annum of outstanding bonds if
earned, commencing Oct. 1, 1904, is provided; after Oct. 1,1905,
becomes a fixed charge. Bonds oan be called as a whole beginning
Oct. 1, 1904, at 105 and interest. $25,000 of the bonds are in denomi-
URBANA & CHAMPAIGN RAILWAY GAS & ELECTRIC CO.
Organization—A consolidation in 1897 of Urbana & Champaign
Electric St., Cham. Elec. L. & P., Cham. & U. Gas L. & Coke and West
End Park Co. Owns perpetual gas and steam charter. The underlying railroad charter
nation of $100, balance being $1,000 each.
Road.—Owns f and operates 53-2 miles of road in the City of Dallas
and suburbs. Rails, 74, 77% and 90 lbs.
OFFICERS— President, Charles Sprague; Vloe-Pres., Guy E. Tripp
Treasurer, A. Stuart Pratt; Secr-tary. Henry R Hayes. Stone &
Webster, Boston, Gen. Managers and Transfer Agents.— V. 75, p. 29,
135, 344,793, 1086, 1087, 1354; V. 76, p. 1191.
is
also perpetual.
Franchise in 1901 extended for
twenty years.
&
STOCK
1,350.000
S
1st collat'l trust mtge.,), Qno
9 2 5§$4,000,000, gold ($100, £|
Int? at
(3 )
[Vol. lxxix.
Bonds—
Dale. Interest. Outstand'g. Maturity.
Stock $500,000
U. &C. Ry. G.&E. M.,$250,-)
1897
000, g., s. f ., $8,000 yr. June > Int. at
1900 and after ($1,000) .c*
Consol. mortgage, $500,000
1.
($1,000 gold)
Bonds—Ol the
)
new issue
tire first mortgage bonds.
est date at 105,
Road— Operates
\
&
Sav'gs Bank, Chicago,
Chase Nat. Bk., N. Y. City.
5g.J-J $282,000 July 1.1929
Tr.
trus., or at
)
o
$500,000
5g.J-D 210,000 June 1,1917
111.
1899
Portland Tr.O>., P'tland,Me.,Trus.-
Int.
of $500,000, sufficient are reserved to re
to call on any inter-
The bonds are subject
9 miles of track in and between Champaign and
Urbana.
(4)
DECATUR RAILWAY & LIGHT CO-
in Illinois in Dec, 1903, to take over
the property or the Decacur Traction
Elec. Co., the Decatur Gas
Elec. Co. and the Decatur Steam Heating Co owning all the street
business
railway, gas and electric lighting
in Decatur and suburbs.
Date. Interest. Outstand'g.
Matur'y
STOCK
BONDS—
Stock, $1,300,000 ($100)
$1,300,000
..
.
Decatur Gas & Elec. Co. $ 1899
5
300,000 I May 15, '29
IstM
Tr. Co., Chic, Trus.
( Int.at Merchants' L.
Decatur Gas
5
90.000 May 1, '30
Elec Co..C 1899
2dM.,$400,000(*300,000 3 Int. at Merchants' Loan
Trust Co.
reserved for above)
Chicago, Trustee.
(
Deo. Trac & Elec. 1st M., ( 1900
212,000 Jan 1,1920
5 J-J
$250,000, ($500 and $1,-2 Int. at niinois Trust & Savings Bank,
Trustee.
000 each)
Chioago,
*o. (
Decatur Ry.
Light Co. ( 1903
5g. J-D
585,000 Deo. 1, '33
mortgage $1,300,000, g., 3 Int. at City Trust Co Boston, Trustee,
ORGANIZATION.— Incorporated
&
&
,
DANBURY, CONN.
&
STREET RYDANBURY & BETHEL
May 1886, under the laws
Organization. —Incorporated
7,
of Con-
special charter, the only street oar company serving the city of Danbury and town of Bethel. Its lines
also extend to the Danbury Fair Grounds and the pleasure resort of
Has a perpetual
necticut.
Lake Kenosia. In May, 1903, the State Legislature authorized an
ncrease ol $300,000 of capital stock, to provide for extensions.
Last div., etc.
Date.
Interest.
Outstand'g.
BONDS—
STOCK
Semi-an.
See text.
$320,000
8took($323,000,par$25)
May 1, 1914
1894 5g. M-N
200,000
1st M. $200,000, gold
Interest at Am. Loan & Trust Co., Boston, trustee.
Dividends in 1896-7, 4 p. c; in 1897-8, 4 p. c; in 1898-9, 2 p. c; in
1899 1900, 1% p.c; in 1900-01, 1%% in 1901-2, 3%; In 1902-3, 3%.
&
None
since.
in Danbury and from Danbury to Bethel, and
to Lake Kenosia,10 6 miles in all; sidings, etc., 1*1 miles; total, 11'7
miles; 37 oars.
Report— For year ending June 30:
Net.
Int. dt taxes. Dividends. Bal.,sur.
Gross.
Road—Trolley road
-
$14,186
$9,600 def. $3,384
def 709
12,941
9,600
4,800
8,889
13,282
OFFICERS— President, Samuel C. Holley, Danbury; Vloe-Pres., 8. Har
rison Wagner, New Haven; Seo'y and Treas., M. H. Grlfflng, Danbury
1902-03
1901-02
1900-01
$20,402
21,832
26,971
$81,475
78,380
73,868
.
DANVILLE,
&
in Maine on May 13, 1904, and owns
the capital stock of the Danville Urbana & Champaign Ry., the
Urbana & Champaign Ry. Gas & Electric Co., the Danville Street Ry.
& Light Co. and the Decatur Ry. & Light Co. For other plans of the
MoKinley syndicate, see item entitled St. Louis & Springfield Ry. in
V. 78, p. 1908.
Date.
Interest. Outstand'g.
Last Div
BOND«»—
STOCK
Common, $2,400,000, $100
$2,268,000
Pref., 6p.c. cum., $1,600,- {
i>si20oo
l.on.uuu
ORG*niz.ation- Incorporated
all
&
(
OOO.flOO
Earnings— For the 8 months ending Aug.
31, including all the
properties below, gross, $618,479; net, $263,359; charges, $138,000;
surplus, $125,359.
OFFICERS— President, W. B. McKlnley, Champaign; Vice-President,
R. Maoaulay; Secretary and Treasurer, T. B. Macaulay; Gen'l Mgr.,
L. E. Fischer; Supt., H. J. Pepper.- V. 78, p. 1962.
,
net, 54,31
*c. (
In 1902: Gross, $79,444; net, $36,953.
17 miles standard gauge road in Decatur and sub-
1.
Road— Operates
and 72-lb. T rails.
Officers— President, W.
urbs; 60
Stock
off.
&
Bonds—
Date.
Interest.
Stock, $250,000.
1903
MS
Outniandinq.
Maturity.
$250,000
1,450.000
Mar. 1, 1923
of Montreal, New York.
Northern Trust Co., Chicago. Trustee.
Bonds— Ho sinking fund, but are subject to call on any interest date
upon 8 weeks' notice at 105 and interest. The bonds are guaranteed,
Srlncipal and interest, by endorsement by the Danville St. Ry. & Light
o. and the Urbana & Champaign Ry., Gas & Eleotrio Co.
ROAD— Will operate 64 miles of track from Champaign to Danville,
Georgetown and Catlln, of which 56 miles was in operation in Oot.,
1904. In addition, I'Sht miles is operated by th* Danville Street Ry. &
Light Co. and 9 miles by the Urbana & Champaign Ry. Gas & Eleotrio
l8
00
ffoW°/«Y
oom gu.c?*
goia
(!j)i,uuu),
^
I
^
Int at
-
5
g.
Agency
of
,
McKlnley, Champaign; Secretary and
L. E. Fischer, Decatur.— V. 77, p. 2338;
DAVENPORT, IOWA.
TRI-CITY RAI LAVA Y-A trolley road.
Organization— Incorporated in September, 1895.
bought Moline Central Street Ry. of Moline, 111.
&
BONDS
April 15, 1899,
Interest. Outstanding.
Maturity.
$1,500,000 6% in '03-04
) 1902
5 g.
392,000 Sept 1,1922
$ Int at Germ'n Tr. Co.,Davenport.Trustee.
1891 6 g J J 508,000 July 1, 1905, to
(Part due yearly) July 1,1911
Dav. &R. I., IstM., gold.. o*J
$1, 000,000 ($500 & $1,000)1 Int. payable in N.Y. at Chase Nat. B'k and
Chioago
in
at 111. Tr. & Sav. Bk. .Trustee.
I
Bonds.— Of the new bonds of 1902 $508,000 are reserved to retire
prior liens.
5 per cent of the 1891 issue is due annually from 1901 to
1910 and the balanoe July 1, 1911.
Road Owns 55 miles of trolley road and one mile of horse road,
comprising all the street railways in the cities of Davenport, Iowa,
and Rock Island and Moline, 111. combined population over 70,000.
Earnings—For year ending Sept. 30, 1901, gross, $403,884; net,
$157,717; interest and taxes, $43,810; dividends (6 per oent), $72,000;
balance, surplus, $41,907.
Officers— President, Edward E. Cook, Davenport; Vice-President,
F. C. A. Denkmann; Sec, Treas. and General Manager, J. F. Lardner,
Davenport, la.— V. 67, p. 802; V. 71, p. 964.
STOCK
Date.
Stook ($1,500,000 auth.)
Tn City 1st mtg , $2,000,000 ($1,000) gold
MS
1
—
Bank
Co.
Latest Earnings— For year ending Deo. 31. 1903: Gross was $596,149; net, $261,159. For year 1902 gross was $434,959.
Officers— President and Gen. Mgr., W. B. MoKinley, Champaign;
Secretary, T. B. Macaulay.— V. 76, p. 1143, 1300; V. 78, p. 1906, 1961.
(2)
B.
Mgr
—
DANVILLE URBANA & CHAMPAIGN RY.—
Organization— Incorporated in Illinois on July 28, 1902. Owns
the Danville Paxton & Northern Ry.; the latter's $196,000 bonds are
to be paid
&
and at agency in New York.
Bonds.—$602,000 Decatur Ry. & Lt. Co. bonds are reserved to retire equal amount of prior Hens as above and $113,000 for future extensions. A sinking fund of 10 p. c of net earnings, or not less than
1 p. c of outstanding bonds, is to be invested in the bonds. These
bonds are subject to call at 105 and int. on any Interest date upon
6 mos. notice. Of the Decatur Gas Electric Co. first mtste bonds,
$15,000 must be redeemed on May 15, 1910. at 105 and a like amount
each year thereafter in numerical order. These bonds are subject to
call in 1909 at 105 and interest. The second mtge. bonds of the
Decatur Gas & Eleotrio Co. are redpemable at anytime after May 15,
1909, at 105 and interest, but there is no sinking fund on these bonds.
Easninqs— For 12 months ending Deo. 31, in 1903: Gross, $99,867;
($1,000)
Treas., T. B. Macaulay;
V. 78, p. 1961.
ILL.
&
&
ILLINOIS TRACTION CO.-
(1)
MAN
M&N
DANVILLE STREET RAILWAY & LIGHT.
in Dec, 1899, as a consolidation of
the street railway, electric light, gas and steam heating interests.
Entire stock is owned by Illinois Traction Co.
Date. Interest. Outstand'g. Maturity.
Stock
BONDS—
Stock, $700,000 ($100)
$700,000
Refund. M., $700,000, gold, J 1900 5 g. J-J.
673,000Jan.l.'ib-25
$1000
o*<Int. atN. W.Harris & Co., N. Y. and Ohio.
Bonds—Tho bonds are due $6,000 annually, Jan. 1, 1910, to 1924,
inolusive, and remainder on Jan. 1, 1925; $24,000 of old prior lien 6
per oent bonds are still out and $27,000 of the new bonds are held to
take them up. Sinking fund of $6,000 per year begins Jan.l, 1910, bonds
being drawn (at par and accrued interest) in nume rical order beginning with number one; mortgage trustee is the Illinois Trust
Savings Bank, Chicago. N. W. Harris & Co. offered the bonds for sale In
Jan., 1900.
Company's Property—The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2.
An electric-light plant is operated under a 99-year franchise, with
capacity of 25,000incandescent and 600 arc lights, with dynamos for fur
nishing power to street railway. 3. The entire street railway system
of the city, 13*2 miles of track, nearly all laid in brick pavement
running to three parks, the fair grounds, cemetery and railway
depots and National Soldiers' Home. Equipped with 50 and 60 lb.
Johnson T rails, with 25 motor cars (General Eleotrio) and 3 trailers.
Officers— President, W. B. McKlnley; Vice-Pres., Chas. Zllly; Re^'v
and Treas., T. B. Macaulay; Gen. Mgr., L. E. Fischer.— V. 6.-.,
65,
p. 1114;
"
V. 69, p. 1193; V. 70, p. 125; V. 71, p. 602; V. 76, p. 1142,,1300.
Organization.— Incorporated
all
&
&
DAYTON, OHIO.
RAILWAY CO.-A18*3.
Organization— Chartered May
CITY
trolley road.
12,
is a consolidation of the
Soldier's Home RR., the Fifth Street
Dayton Street RR., the Dayton &
RB. and the Green line.
Franchises run for 50 years from Feb. 8, 1892, and April 19, 1893.
In Nov., 1903, common stook was increased from $1,500,000 lo $2,400.000, of whioh $250,000 Issued for extension and equipment;
$250,000 as a stock dividend; $400,000 unissued
STOCK
&
Bonds—
In treasury.
Date. Interest. Outstand'g. Maturity
Com. stock, $2,400,000 ($100)
$2,000,000 See text
6 p. 0.
600,000
do do
Home
1891
6 J&
65,000 Jan.l.'ll
RR. 1st mortgage
5 Interest at Chemloal Nat. Bank, N. Y. City.
Dividends— In 1900, 6 p. c on both oom. and pref.; in 1901, 6 p. o.;
In 1902, 6 p. c; 1903, 6 p. o. on both stocks; also, on the common, a
dividend of 162 3 p. c (*250,000in new stock at par or in cash) was declared in Nov., 1903 (paid Jan. 1,1904). In 1904, Jan., l»s p. c;
April,
p. c; July, 1^ p. c; Oct., 1>* p. c on both common and pref.
Road— Controls and operates In all 35 miles of track, namely, Third
$600,000 ($100)
Pref. stook,
)
Dayton Soldiers'
m
Street Line, Fifth Street Line, Green Line, and Dayton and Soldiers'
Home Ry.; gauge, 4 ft. 8^ in; rails, 70 and 90-lb. T and girder; operating 60 G. E. 800 double motor equipments, 50 summer motor bodies,
50 olosed motor bodies and 22 trail cars.
OFFICERS— President, D. B. Corwin; Vloe-Pres., C. B. Clegg; Sec,
Valentine Winters; Sunt, and Puroh. Agent, T. E. Howell. Offloe, corner Jefferson and Third Streets, Dayton. V. 77, p. 2158, 2280.
DAYTON COVINGTON & PIQUA TRAC-
TION.-A trolley road.
Organization—This was formerly known as the Dayton & Troy
name changed to the above in Aug., 1901. The D. & T.
Traction was Incorporated in Ohio in Jan., 1900, to build a street railway from Dayton to Troy, but route was changed, and road constructed from Dayton to Covington and Plqua, about 32 miles; 70 lb.
Traction, but
Trails. Company acquired the right to use the tracks of the People's
Ry. In entering city of Dayton.
Date.
Outttand'g. Maturity.
Interest.
STOCK and BONDS—
Stk. auth. ($100), *600,000
$600,000
n.-o.($100),$550,000
Pf.5%
550,000
let mortgage, $550,000, ) 1902
5g. A-0
450,000 Apr. 1, 1922
gold ($1.000)
o* { Int. at Old OolonyTr. Co., Boston, Trustee.
2d mortgage, $60,000
30,000
Bee
text.
;
1531
STREET RAILWAYS.
extensions and
mtge. bonds are reserved
DAYTON & MUNCIE TRACTION CO-Bonds — $100,000
on any
Improvements; 2d mtge. bonds are subject
Incorporated
Ohio and Indiana
1902.
Oct., 1904.]
for
1st
Interest date.
to call
President, D.
Dwyer; Gen'l Mgr.,
E
O. Spring.
V. 77, p. 146.
DAYTON SPRINGFIELD & URBANA ELECTRIC 'RASL1S N' AJY—(See Maponpage 15H8 A trolley road.
S
J
by Artbur E. Appleyard, who also controls the Columbus London & Springfield, tbe Dayton Lebanon & Cincinnati and a
number of other roads, ooverlng in all about 350 miles. It is the intention to consolidate all lines controlled by this syndioate under the
See that company under Columtitle of the Ohio Union Traction Co.
18 controlled
bus.
Organization— Incorporated under the laws of Ohio on Oct. 7, 1895.
Franchise permits the carriage of freight and express matter. Owns the
stock of the Springfield & Western Ry., whioh is operated as an extenIn Jan., 1903, leased the Urbana Bellefontaine & Northern
sion.
Electric By. for 30 years, and guarantees its bonds, principal and interest. Also owns entire capital stook of tbe Kenton & Southern Ry.
and guarantees the bonds, principal and interest.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
$500,000 Feb.l5,'03,lp.c
Common, $500,000($100)
&
^-•ifSSSl^l
gold,
1 ' 000 ' 000
Aug.l5,03,lV/o
750,000
Nov. 1, 1928
< 1898
5 g, M-N
e&r) Int. at N. Y. Sec. & Tr. Co., N. Y., Trustee.
$1,000
1903
$152,600
Bills payable June 30,
Stock <t Bonds— A. supplemental mtge executed to N. Y Security &
Trust Co. in 1900 covers additional property acquired and provides
for a sinking fund, but bonds must be presented and stamped to become subject to its provisions. Sinking fund is 5 p. o. of gross earnings beginning with year ending Nov. 1, 1905, and bonds are subject
to oall at 110 and int. after that date. Preferred etook is 5 p. o. cumulative for two years and 6 p. c. after Jan. 1, 1906.
DIVIDENDS— First div. of 2 p. c. paid Jan. 29,1902; also Aug. 15 2
In May, 1903, $1,000,000 of common
p. c. In 1903, Feb. 15, 1 p. o.
stock was converted into pref. stock and 1*4 p. c. dividend paid on
latter May 15, 1903, and on Aug. 15, Hu p. o. was paid. None since.
REPORT— For year ending Deo. 31, 1903, gross, $224,778; net, $103,270; other inc., $9,500; int. ohgs., $37,500; bal., surplus, $75,270.
ROAD— Has 12 miles of track in Springfield, 2*2 miles in Dayton and
2^3 miles in Urbana; also 40 miles between the cities; total 57 miles.
All completed in March, 1901. Private right of way over most of entire line, following turnpike 90 and 95-lb. girder rails used in cities
elsewhere 70 and 75-lb. T-ralls ; gravel ballast; 21 oars.
In connection with Columbus London & Springfield furnishes hourly
through parlor service between Dayton, Springfield and Columbus,
Ohio. 72 miles.
OFFICERS— President, A. E. Appleyard; Treasurer, Geo. B. Applepleton; Gen'l Mgr., Riohard Emory. Office at Springfield, O.— V. 75,
p. 611, 906; V. 76, p. 157, 212, 653, 751, 1029; V. 78, p. 1549.
let M. ($750,000),
;
SPRINGFIELD & WE8TERN RY.—A trolley road
I\\
V
'
&
Interest. Outstand'g.
Date.
Maturity.
BONDS-STOCK
$250,000
Stook. $250,000 ($100)
1901
105,000 June 1,1921
5 g. J-D
,,.
staioonnl
,Vi
n&m' g., s.r.oar \ In*- payable at N. Y. Sec. Tr. Co., N. Y., trustee.
«si,uuu),
& L by Dayt sprlngf. & Urbana by end.
f Guar
Bonds- $145,000 of the bonds are reserved for extensions, at
at the rate of 75 p. o. of actual cost. 8inking fund is 5 p. o. of gross
earnings (beginning with year ending Aug. 31, 1906), to Aug. 1, 1910.
After June 1,1906, bonds can be called at 110 and Int. on any int. date.
ROAD— Owns and operates 7*4 miles of road on private right of way
from Medway (where oonneotion is made with the D. S. & U. Eleot.
Extension to Troy under construcRy.) to beyond New Carlisle.
tion, making a total mileage of 18 miles Owns 260 acres of land,
which is used as a pleasure park.— V. 73, p. 288; V. 78, p. 1550.
(2)
fM!
&
URBANA BELLEFONTAINE & NORTH. RY.—A trolley road.
Organization— This company Is leased to the Dayton Springfield &
Urbana Electric Ry, which company guarantees the oonds, both principal and Interest, and owns practically all the stock.
Dale. Interest. Outstanding. Maturity.
STOCK & Bonds—
8toob, $500,000, $100
$500,000
guar.
>
1902 5 g. FA
500,000
1st mort. $500,000,
1922
N.
Y.
Tr. Co.,N.Y., Trustee.
gold
Int.
at
Sec
A
$
($1,000)
Bonds— A sinking fund of 5 per cent of gross earnings commences
after 5 years. Bonds are subject to oall in 1907 at 110.
Road- Operates 3 miles of track in the oity of Bellefontaine and 18
miles between the cities, over private right of way.
Officers— President, J. S. Harshman; Treasurer, Geo. B. Appleton.
-V. 75, p. 907; V. 76, p. 213; V. 78, p. 1551.
(3)
KENTON & SOUTHERN RY.-To be a
trolley road.
Organization.— Incorporated in Ohio on Jan. 9, 1903. Entire capital stock is owned by the Dayton Springfield & Urbana Ry., which company guarantees the bonds, principal and interest. Is to do a freight
and express business as well as passenger.
Dale. Interest. Outstand'g.
Maturity.
Stock & Bonds—
$600,000
600,000
Feb. 1, 1923
Int. at N. Y. Sec. & Trust Co., N.Y., trustee.
S
Bonds.— A sinking fund of 5 p. o. of gross earnings becomes operative after 5 years, at which time bonds are subject to call at 110.
Road— Is to operate 27 miles of track in and between Kenton and
Bellefontaine over private right of way, laid with 70-lb. T rail, standard gauge. 2k miles of track in Kenton is completed and remainder
Is expected to be completed In 1904.
Stock, $600,000 ($100)
1st mortg., $600,000,
«. ($1,000), gu...o*&r
)
1903 5
g.
F-A
OFFICERS— President, J. S. Harshman, Springfield, Ohio; Vice-Pres.,
Sec & Manager, R. Emory; Treasurer, Geo. B. Appleton, Boston,
Mass.—V. 76, p. 654; V. 78. p. 1549.
DAYTON
LEBANON & CINCINNATI RR.-A
road.— (See Map on Page 1528.)
trolley
Organization— Organized in Ohio. This
is
one of Mr. A. E. Apple-
yard's roads.
Connects tbe points named In tbe title, a distance of 54 miles, all
in operation except Dayton terminal. Worked in harmony with the
Dayton Springfield
Urbana and Columbus London & Springtteld;
controlled in tbe same interests. Is to form part of a through line from
Columbus to Cincinnati, 122 miles, entirely over private right of way,
the whole of whioh is steam railroad construction.
&
B
STOCK AND BONDS—
1,50 °: 000
*9i6o™™T:*
.l
Date. Interest. Outstanding.
Maturity.
$i,5oo,ooo
6% non-cumulative, )
, nnn nnn
1,000,000
$1,000,000 ($100)
$
1st mortgage, $2,000,000, ? 1901 5 g., M-S
1,500,000 Sept. 1, 1921
($1,000) gold
c* i Int. at N. Y. Sec & Tr. Co., N. Y., trustee.
Bonds— Were Issued to extend the line to Dayton and to Cincinnati and
to equip for both eleotrioity and steam. Are subject to call in 1906 and
at any time thereafter at 110. Sinking fund is 5% of gross receipts,
beginning with year ending Sept. 30, 1907. Mortgage covers 22 acres
of terminal property in Dayton; also about 27 acres of land at Lebanon Junction Station
Officers— President, R. Emory, Columbus; Treas., Geo. B. Appleton; Secretary, O. F. Coaney.— V. 73, p. 1312; V. 74, p. 93.
Pref.
in
Dale.
in
Ouisiand'g.
Maturity.
Stook, $800,000, $100
$800,000
5 g. J.-J.
800,000
July 1, 1928
1st Mtge $SOO,000,< 1903
Tr. Co., Cinn., Trustee.
gold ($1,000)... c* J Int. at Union Sav. Bk.
Bonds— A sinking fund of a certain amount per annum commences
after 5 years. Bonds are subjeot to call after that time at 105.
Road— Is to operate 46 miles of track from Greenville, Ohio, to
lb T rail, 23 miles now in
Mnnoie, Ind.; standard-gauge; laid with
operation and remainder is expected to be completed by Jan. 1, 1905.
OFFICER?— President, J E. Lowes; Vioe-Pres. , A. Newsalt; Seoretary,
J. E. Feight; Treasurer, W. B. Gebhait.
Interest.
&
.
DAYTON & NORTHERN TRACTION CO.-A
trolley road.
Organization— Incorporated in Ohio in 1900, to transport passengers, freight, baggage, mail and express matter, and to supply electricity for light, heat and power.
Date. Interest. Outstanding.
Maturity.
Bonds—
STOCK
&
$450,000
Stock, $450,000
450,000 Maroh 1, 192S
1st Mtge. $450,000 gold < 1901 5 g, M-S,
Int. at Central Trust Co. N. Y., Trustee.
o*l
($1,000)
Bonds— Are subjeot to oall at 105 and int. on and after Mar. 1, 1906.
Road— Operates 39*2 miles of track, from Dayton to Greenville.
Mostly private right of way, remainder 25-year franchises. Standard
gauge; 70-lb. T-ralls. Extension from Greenville to Versailles is
proposed.
Officers President, J. E. Lowes; Vice-Pres., E. Bimm; Sec.
Supt., J. E. Feight; Treas., W. B. Gebhart.— V. 75, p. 76.
and
TROY ELECTRIC RY -A trolley road.
DAYTON &Incorporated
in 1900. Is built entirely on private
Organization.—
Rails 701b. T.
way. Completed in December, 1901.
Powerhouse located at Tippecanoe City, Ohio. Stock, $500,000 ($100)
common, and $500,000 ($100) preferred; cumulative 5 per cent. No
bonds contemplated. In May, 1902, took over tbe Miami Valley Ry.
under a 99-year lease at a rental of $9,600 per annum, which is applicable to the stook of $300,000, mortgage having been canceled.
Dividends— On the preferred stock 5 p. c per annum is being paid;
on oommon Jan. 1, 1904, % p. c.
Road— Owns and operates 30 miles of track (10 miles double, 10
miles single) between Dayton and Troy. Leases the Miami Valley Ry.,
extending from Troy to Piqua and comprising 17*2 miles of track.
right of
Total track, 47 *2 miles.
OFFICERS-—President, Valentine Winters; Vice-Pres. and Gen. Man.;
H. P. Clegg; Secretary, Chas. B. Clegg; Treasurer, J. H. Winters.
General office, Dayton, Ohio.— V. 76, p. 653, 751, 1029.
Incorporated
In Ohio.
mtm
Organization—
STOCK & BONDS—
DAYTON & WESTERN TRACTION-Trolleyroad.
On Jan.
16, 1904, stook was increased from $800,000 to $1,300,000,
pay off indebtedness incurred in extending line to Richmond, Ind.,
etc V. 78, p. 342. New stook was sold to shareholders at par.
Last Div.
Interest. Outstand'g
Date.
Stock & Bonds—
A.-O.
$450,000 Jan., '04, 2%
Stook, $450,000 (par $100)...
90
Do pref., $850,000, 5 per
850,000 [ OftJ
Q.-J.
cent, oum. ($100)
per cent are paid on preDiviaends. Quarterly dividends of
First dividend on common Jan., 1904, 2 per cent; none since
ferred.
to
^
i
m
j
to Oct. 1, 1904.
Road— Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
New Westville to New Paris, 2»« miles; total, 42 1« miles. At Rich-
&
made with Riohmond St.
Interurban Ry.), thus
line from Indian apolis, via Dayton, to Columbus, a
dlstanoe of 184 miles. V. 77, p. 298.
OPFICERS—Pres. and Gen. Mgr., V.Winters; Vice-Pres., Chas B. Clegg;
Sec, J. H. Winters; Supt, Geo. W. Bothan.— V. 78, p. 286, 342.
mond
oonneotion
is
making a through
XENIA TRANSIT
DAYTON
CO.-Trolley.
&
Organization— Incorporated in 1901, as a consolidation of the Dayton & Xenia Traotlon and the Rapid Transit Co. of Ohio. The Dayton
& Xenia Traction had in 1899 purchased the Dayton Spring Valley &
Wilmington Transit Co.
&
Maturity.
Interest.
Outstand'g.
BONDS— Date.
STOCK
Stock, $800,000
$800,000
April 1, 1921
5 g. A-O
800,000
1st mort., $800,000,) 1901
gold ($1,000) . . .o* s Interest at Old Colony Trust Co., Boston, Trustee
Bondt—The old issues of 1899 and 1900 of $300,000 each were retired by the new mortgage.
Earnings—The gross earn'ngs for the 9 months ending Dec. 31,
1903, were $87, 753, against $78,903 in 1902.
Road—Owns and operates 51 miles of road from Dayton to Xenia,
and from Dayton to Spring Valley, of which about 20 miles is over
private right of way. Extensions contemplated.
OFFICERS— President, Clement J. Ferneding; Vice-Pres.. H. r,. Ferneding; Treas.,
—V. 73, p. 82;
Edward Canby; 8ec,
O. O. Ozlas.
V. 74, p. 205; V. 78, p. 820.
Office,
Dayton, Ohio.
by the
PEOPLE'S STREET RAILWAY.-Owned
of tbe latter under Philadelphia.
American Rys. Co.—See statement
DENISON, TEXAS.
DENISON & SHERMAN RY -A trolley road.
Organization—Incorporated in Texas on August 27, 1900. Commenced operations May 1, 1901. Franchises, 50 years in cities.
Private right of way between cities.
Outstanding.
Maturity.
Interest.
STOCK & BONDS— Date.
Stook, $200,000, $100
$200,000
July 1, 1927
5
J -J250.000
1«t mort
<M«snonn( 1902
„" 3 Illinois Tr. & Sav. Bank. Chic, & W. H Henkle,
/si^nn," *
(jjsi.wuj
o^
'
W
Harris & Co.
Interest at N.
July 1,1912
$50,000
Q-" J '
,i ,wu
«SS'
^ Interest at Illinois Trust & Savings Bank,
(*5i
( Chioago, and W. H. Henkle, trustees.
Bonds— Interest payable in New York and Chicago. First mortgage
bonds are subject to call on July 1, 1917, or after, at 105 and interest.
A sinking fund begins July 1. 1905, of 2 p. c. per annum of bonds outstanding until 1913, when amount payable is 3 p. c. per annum until
1917; from 1918 to 1922, Inclusive, 4 p. o. per annum; 1923 to 1926,
inclusive, 5 p. o. per annum.
Road— Operates 16 miles of track (8*2 miles between Denison and
Sherman and 8 miles in the cities). 60-lb and 70 lb. T rails. Also
owns 45-acre park (situated midway between the two cities) which has
usual pavilions, base-ball ground and race track.
Earnings—Twelve months ending April 30, 1904, gross, $89,449.
net, $31,464.
OFFICERS-Prestident and Treasurer, J. P. Orerar; Vice-President
John Orerar; Secretary, H. H. Barde; Supt., H. T. Morrison. Principal
office, Denison, Texas.— V. 76, p. 1192.
trustee
2d morteaee
ag, S50
Q
00
* U 000
(
1902
6
STREET RAILWAYS.
1532
DENVER, COL.
DENVER CITY TRAMWAY COMPANY--
Eleotrio.
In May, 1902, the Denver & Northwestern Ry. obtained control, exchanging Its securities for Denver City Tramway stock. See V. 74,
p. 1038, and that company's statement below.
ORGANIZATION.— Consolidation in March, 1899, per plan in V. 67, p.
1262, of the Denver City RR. and the West End Street RR. (both sold
under foreclosure on Deo. 15, 1898), with the Denver Consolidated
Tramwav. V. 68, p. 281, 473. Also owns and operates the former
Colfax Ave. Electric, which was sold at foreclosure in February, 1899.
In July, 1899, the Denver Board of Supervisors repealed the sooalled blanket and perpetual franchise of 1885, as to unoccupied
streets; the question as to the power of repeal is pending in the oourts.
On March 21, 1900, the right for 20 years to operate the cable lines
by eleotrlolty was granted by the city, and on April 1, the change of
power was made—V. 68, p. 1023; V. 69, p. 228.
Interest.
Outstand'g.
Stock and Bonds— Date.
Maturity.
$5,000,000 Mayl5'02,l%
6 g. J.-J.
498,000 July 1, 1908
Oonsol. M.,gold..c*<fcr.l890
6 g. J.-J.
1,219,000 Jan. 1,1910
6 g. J.-J.
953,000 Jan. 1,1911
Met. 8t. RR. 1st, gold... 1891
Denver Con. Tramway ) 1893
5 g. A.-O. a 1,167,000 Oct. 1,1933
Con.M.,$4,000,000,g $ Interest at Mercantile Trust Co., N. Y., trustee.
1899
Apr. 1. 1919
5g.A.-0.
2,000,000
Int at Central Trxiat 0o New York « Trustee.
.0* <
and $500)
a No more boads can be Issued under this mortgage.
The new mortgage Is a first lien on the Denver City and West End
properties and alien on the Denver Consolidated Tramway Junior
to its existing mortgages, to remain outstanding and be assumed.
Abstract of Denver Consolidated Tramway oonsol. M. of 1893, V. 52,
Stock $5,000,000 ($100) ....
Denver Tramway 1st, g.1888
^I^OoTmoKooI
>
'
p. 354.
Road— Owns about 160 miles of electrio track.
DIVIDENDS-— First quarterly dividend of 1% was paid May 15, 1901;
also Aug. 15, 1%; Nov. 15, 1%; in 1902, 2%. None since.
Earnings—For calendar years ending Deo. 31
Gross.
Surplus.
Charges.
Net.
1901
1900
$305,785
$1,507,293
$688,965
$383,180
1,302,290
579,839
205,548
374,291
OFFICERS—President, Wm. G. Evans; Vice-President and General
Manaeer, John A. Beeler; Secretary and Treas., Geo. E. Ross-Lewln;
Auditor, J. B. Hogarth.— V. 76, p. 1300; V. 77, p. 88.
(1)
DENVER TRAMWAY POWER
Organization.—This company
CO.
leased for 20 years to the Denver
Tramway Co., the latter guaranteeing the bonds, both principal and
interest, guaranty being endorsed on the bonds. Entire stock is owned
by Denver City Tramway.
Maturity.
Bate.
Interest. Outstanding.
Bomds—
STOCK
Stock, *500,000 ($100)
$500,000
5 J.-J.
240,000 July, 1, 1921
1st Mtge., $400,000, < 1901
guar., $1,000. gold
\ International Trust Co., Denver, trustee.
5 g. A.-O.
1st lmpt.M., $1,500,000 J 1903
*820,000 Apr. 1, 1923
) International Trust Co., Denver, trubtee.
g. ($1,000), gu. p. & i
Bonds—Of the $1,500,000 1st impt. mtge. authorized, $240,000 are
reserved to retire the 1st mortgage on July 1, 1906, unless sooner redeemed, and $440,000 for future improvements at cost. Are subject
to call on any interest date after 5 years at 105 and interest. A sinking fund of $50,000 per annum commerces Apr. 1, 1908, which will
be used for redemption of the bonds. This also fa guaranteed by Den
ver City Tramway. Interest is payable in New York and Denver. 1st
mtge. bonds are subjeot to redemption after July 1, 1906, at 105
Plant.- Furnishes all power for the Denver Tramway Co. Capacity
of plant, 7,000 k. w., with an over load of 10,500 k. w.
OFFICERS.— President, Wm. G. Evans; Sec. & Treas.. Geo. E. RossLewin.- V. 76, p. 1300; V. 77, p. 88.
is
&
.
DENVER & NORTHWESTERN RY.-An
electric
road.
&
Date.
Interest. Outstanding.
Maturity.
BONDS—
STOCK
Stock, $6,000,000 ($100)
$6,000,000
coll. mort., g., *6,-) 1902 5 g. M-N
1st
6,000,000
May 1, 1932
000,000 ($500 and $1-, £ Int. at Mercantile Trust Co., N.Y., trustee;
000
o* ) also office of company in Denver.
Bonds. Can be called on any interest day at 105 and Interest upon
A
90 days notice.
Pres., S. M. Perry;
Sec.
and Treas., Thos. Keely.— V. 74,
p.
1037.
DES MOINES, IOWA.
DES MOINES CITY RAILWAY-A trolley road.
Organization—A consolidation in 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co Is authorized to carry
freight.
Franchise considered perpetual.
Railway Co. bonds— principal and
& Bonds—
com.,
STOCK
Stock,
Pf. stock. 6 p.
Miles. Date.
Interest.
St
c.cum.
5
RR lstM
ll
000 eacn...
each
»i,uw
Des Moines Sub Rv
See below.
Outstand'g.
Maturity.
*i
ftw ftftn
h>i,uod,wu
„nnn
tov.vw
5
$250,000
eoM
goia,
Guarantees the Interurban
interest.
$3,000,-)
000 ($100)
n Mo
Tears ending Dec. 31.
1903
1902
1901
f
23
1889
12
1890 6 S J - J
INTERURBAN
$262,000
Jan., 1906
($20,000 due yearly) to Jan., 1 921
1 st mortLse g
B-old J
«« l Interest at Chemioal National Bank, N.Y. City.
*f™n «£?£'
eacn
*si,uuu
° (.Trustee, Iowa Loan & Trust, Des Moines.
5 £i A "°
1,669,000 Apr. 30, 1921
n Mo Cltv Rv ref f Infest1901
at N. W. Harris & Co.,N. Y. City; also
JwS'e !§ ooooooJ
Chicago.
Trustees.
Illinois
«•'
Trust & Savings
r^flwii
o
g. ($i,uu«)
Bank and
Henkle of Chicago.
[
Bonds—Of the new mtge. bonds of 1901, $882,000 were originally
reserved to retire the underlying sixes then outstanding. Of the
$1,669,000 5s reported outstanding, $5,000 have been deposited with
Illinois Trust & Savings Bank to be held in lieu of $4,000 Des Moines
Bonds can be called on any interest
City Railway 6s still out.
date after April 1, 1906, at 106 and interest. 8inklng Fund becomes
operative as follows ; $10,000 yearly on April 1 from 1906 to 1910,
$15,000 from 1911 to 1915, and $25,000 from 1916 to 1920. The remaining bonds may only be issued to pay for 80% of oost of extensions,
providing net earnings are 50% in exoess of interest charges upon all
bonds outstanding, lnoluding those to be issued.
Road.—Operates 75 miles of track on 38 miles of street. Standard gauge. 45, 60 and 80 lbs. T and girder rails. 104 cars. Interurban extensions, aggregating lOO miles and to be operated as passenger and freight lines, proposed.
—
Wm H
Net.
RY.-A trolley road,
the DesiMoines City Ry. under an operating|agreement, in consideration
of which the Des Moines Co. guarantees the bonds, principal and int.
Date. Interest. Outstanding.
STOCK
Maturity.
Bonds—
Stock, $550,000 ($100)
$550,000
1st Mtge., $3,000.000, 1
1901
5g. A-O
475,000
Apr. 1,1921
s.f gold($l,000),gu. Amer. Trust
Savings Bk.. Chicago. Trustee.
p. & I. by Des Moines [ Interest at N. W. Harris & Co., New York and
CltyRy
Chicago.
o*J
Bonds— Other bonds may be Issued for acquisitions and extensions
at not over 80 p. c. of cost, and at not over $16,000 per mile for new
road, but only when net earnings equal 1 *v times all Interest oharcaa
on bonds outstanding and those to be issued. Bonds are subject to
call on or after April 1, 1906 at 105 and interest.when a sinking fund
of 5 per cent of balance of annual net earnings after payment of all
charges becomes operative, and bonds so purchased are to be kept
alive for purpose of the fund.
EARNINGS.— For year ending Feb. 29, 1904: Gross, $130,244; net,
$61,657; interest, $23,750; surplus, $37,907.
ROAD—Connects Des Moines and Colfax. 24 miles. Also operates
10 miles in and around Des Moines; total, 34 miles. Standard gauge.
60 and 70 lb. T rail. Cars enter Des Moines of Des Moines City Ry.
Officers—President, H. H. Polk; Vice-President, A. W. Harris; Secretary, W. I. Haskit; Treasurer, Geo. B. Hippee.— V. 74, p. 630.
&
,
&
.
DETROIT, MICH.
DETROIT
UNITED
RAIL.WAY.-f a«>
1S33). Trolley.
Map page
Organization.— Incorporated In Mich. Deo. 31, 1900, and took over
franchises and properties of the Detroit Citizens' Street Railway, the
Detroit Electrio Railway, the Detroit Fort Wayne & Belle Isle and the
Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway
lines in Detroit. Detroit United Railway stook has been listed on the
New York Stock Exchange; also Detroit Citizens' Ry. oonsol. 5s.
Later absorbed by purchase the Detroit & Northwestern Ry., which
Is known as the Orchard Lake division, the Detroit
Pontiao Ry.
known as the Pontiao division, the Wyandotte & Detroit River Ry.
known as the Wyandotte division, and the Detroit & Flint, formerly
the Detroit Rochester Romeo & Lake Orion Railway, and known as
the Flint Division. Owns entire capital stock ($2,000,000) of the
Detroit & Port Huron Shore Line.
In Aug., 1901, purchased 2,970 shares (all) of the stock of the Sandwich Windsor & Amherstburg Ry.; 180 shares (all) of the stook of the
City Eleotrlo Ry. and the People's Electrio Light plant of Windsor, Ont
The United States Supreme Court on March 3, 1902, decided that the
ordinance of 1 889 compelling the Citizens' Street Ry. to sell 8 tickets
for a quarter was Invalid. (See V. 74, p. 528.)
Date.
Interest.
Outstand'g.
Maturity.
STOCK
BONDS—
9t
$l2,500:° 00
Q" F
$12,500,000 1% Nov., 1904
&
&
1
$106
1902
4^g. J-J
2.77%000
Jan. 1, 1932
000,000,gold ($1,- > Guaranty Trust Co., N. Y., Trustee.
o* ) Int. at Kean, Van Cortlandt & Co., New York.
000)
Bonds- Of the $25,000,000 authorized, $15,880,000 were reserved to
retire underlying liens (of which $275,000 have been issued), $3,000,000 for present use (of which $2,500,000 have been Issued), and the
balance, $6,120,000 (of which $982,000 has been released) for acquiring
new properties at the rate of 75% of cost, and are only available on a
two-thirds vote of the stockholders. Entire issue, or any part thereof,
1st oonsol.' M., $25,-)
,
subject to call at
any time at 105 on 60 days' notioe.
DETROIT CITIZENS.
1st) 1895
5g.J-J
$6,585,000
Detroit Citizens'
July 1, 1905
Con. M., $7,000,000 > Trustee, N. Y. Security & Trust Co., N. Y.
-o) Interest at Kean, Van Cortlandt & Co., N. Y.
($1,000) gold
Guaranteed under terms of lease :—
5 J140,000
Jan. 1,1908
Det. Suburban Ry„)1893
1st mort., $275,000, > Trustee, Union Trust Co., Detroit.
o* ) Unissued bonds have been oanoeled.
($1,000) g
Bonds— Of the consolidated mortgage for $7,000,000, $415,000 were
reserved to redeem the two issues of underlying bonds; but the $275,000 Detroit Suburban bonds which matured Nov. 1, 1902, were taken
up with Detroit United 4 1a8.
DETROIT ELECTRIC.
Detroit Raihcay—
1st M., g. ($1,000),
Outstanding. Maturity.
$1,800,000 Deo. 1.1912
56-34 miles
o'&r. \ Int. at Cleveland Tr. Co., Trus.
to 1924.
5g. J-D
Del. Elec. Con. M., $2,800,- < 1896
1,000,000 Deo. 1,1916
000, gold ($1,000).. o'&r l Int. at Cleve. Tr. Co., Trustee. As to Deo.,
1897, Interest, see V. 65, p. 1219.
Bonds— First mortgage bonds of the Detroit Ry. numbered 1 to
600 mature in order of numbers at $50,000 per annum, beginning
Deo. 1, 1912; numbers 601 and above mature Deo. 1, 1924. Detroit
Electrio oonsolsfor $1,800,000 are reserved to retire the first mortgage
bonds as they mature.
Date.
on
<
1895
Interest.
5g. J-D
DETROIT FORT WAYNE & BELLE
ISLE.
Maturity.
1898
$1,200,000 Apr. 1, 1927
(
e
»i.^".own
$1
200
000
*'•
n. Y. Security & Trust Co., Trustee.
"I^Hh,
.yi.uuu)
c r^
(gubJ to oall at $105 & int. on 60 d. notioe.)
Interest at Kean, Van Cortlandt & Co., New York.
DETROIT
NORTHWESTERN BY.
1st mtg., $1,000,000, g.,) 1901
4Hig.M-N $855,000 May 1, 1921
o*. S Int. at Union Trust Co., Detroit, Trustee.
$100, $1,000
Bonds—Are guaranteed principal and Interest by the Detroit United
Ry. by endorsement and are subject to call at 105 and interest on 60
days notioe after May 1, 1911.
Date.
Istinte
.
Oper. exp.
Organization— Incorporated in Iowa to construct an extensive system of interurban roads connecting with Des Moines. Is operated by
BONDS
6g.A-0
430,000 Oct.l,1905,tO
($25,000 due yearly) Oct. 1, 1919
£ Amerloan Tr- & Sav> B k Chicago, Trustee.
{
\
Gross.
$535,966
483,150
397,839
$332,042
$203,924
310,076
173,074
274,514
123,325
Officers—Pres., J. 8. Polk; Vlce-Pres., G. M. Hippee; Sec, A. G.
Malsh; Treas. »nd Gen. Man., Geo. B. Hippee; Sup't, A. G.Malsh. -V.
76, p. 265, 330; V. 77, p. 769; V. 79„ p. 1266.
is
Organization. -Incorporated In June, 1901. Operates an electrio railway of 12 miles from Denver northwest to the coal fields; also
line of 10 miles to Golden City, which latter was completed in spring of
1904. In May, 1902, obtained control of the Denver Tramway Co.,
through exchange of its securities for the stock of the same. See terms
in V. 74, p. 1038. Practically the whole issue of Tramway stook has
been exchanged and is deposited as collateral under the new mortgage.
[Vol. lxxix.
Interest.
5g. A-O
Outstand'g.
<fc
DETROIT & PONTIAC RY.
5g.F-A
$500,000 Feb. 1,
m A.f». M «^nnftn(1897
N. Y., Trustee,
%\ Washington Trust Co Bank
«wKo*5SfA'
goia
itsi.uuu,
c
Detroit.
Int at gtate
i.f
'
1
1922
,
SavlnKH
4igg. J-D
1901
$600,000 June 1,1926
$1.100,000
C"#r51nt. at Washington Trust Co., N. Y., Trustee.
Bonds—$500,000 consolidated mortgage 4 1* p. c. bonds are reserved
to retire like amount of 1 st mortgage bondn. Bonds are subject to oall
at 105 and Interest on 60 days' notice after June 1, 1911. Principal and
Interest of both issues guaranteed by Detroit United by endorsement.
WYANDOTTE DETROIT RIVER RY.
lstconsol.M., $425,000, ) 1898
$425,000 Dec. 1, 1918
5g.J -D
^
1st Con. M.,
g..
($1,000)
)
<fc
j Int. at Union TrustJCo., Detroit, Trustee.
DETROIT A FLINT RAILWAY.
Organization— The Detroit Rochester Romeo * Lake Orion Railway
purchased the property of the Detroit Lake Orion & Flint Railway.
The Detroit dt Flint Railway was organized to acquire the Detroit
$1,000, gold
0*
^
00TM
STREET RAILWAYS.
1904.]
1533
MAP OF THE
DETROIT UNITED RAILWAY SYSTEM
INCLUDING
DETROIT & PORT HURON SHORE LINE RY.
(BAPID RAILWAY SYSTEM)
SANDWICH, WINDSOR & AMHERSTBURG RY.^
\
V
Melvin
^A~^>
liffVd
Brown
Cy.
~°p>^^Yale
pere
\
Wales/*
/
5
Lamb/
'Imlay Cihr
Lapeer)
\
£
<.
/
_^f\
^^
/
idlewildl
Summerville*
ST. CLAIR^
The Oakland^
/
mph i& J-
^ CoLIro>W ks YSt
.^ A
£/
^^'
Venox
a
itor
R
c>AI|A
.
P3
atrt
^«
Hunter Creek^
\
Flio* AiMBr Jc
DrydenS.
Berville
RoadV-^V'
Hbpkin's
rrt?
Martin
\
%
„.
i
</£
\
Metamora
.
Leprfard)
\rO
FLINT'
I
Otter burn
Grand
o^Swartz Creek
^V^Crapo Farm
\
v
^--*W«**oW
Blanc\
^n.
„^'
{V 0\
\
PDuffleld
:
'T***-^*
©oO^
Cole\
Eames\
iMwuesj,
A
civile* L
L
\
eAClyde
y
\\
,
.
lOak Grove
\
\
f
\.
7* *****
/^ARMINGT0
\Wixom7>—______^
Nev\ Hudson.S
%>
"Iosco
Hamburg
Pinckney
'^Jregory
.t/*-
Jo,
T
~N
^
Elver
^
G&o>i2 ^\®airvievf
33*
Royal OalTjS^;
\c.t^
*o*i£*
^^^^^
,&
d
&
DZX
eWALKERl
DlV
WINDSOR
GreenfieV
aidstcjne
x
^rigTSoToT^/IS^^
M
Chilson \
\a, X j?^r7^~
k^"-^
'l^utn^S^
r^/.^
5
'iin
n°
/-^oS^i-ove^K)
\
laple Club
X .
if
IjJJefferson Beach
A\ X^loV&k
^fa ^g&C' X
/„„/
^k'
J N.F^rmingtonVy
,
X
\
Inglesid
•
SAnse Creuse
^imS,
ORCHARD, L/GftSk'S'
°g\
*\
Y
Highland A
PettysviA
v
W.u(ica\
llife. % ^ \jfeBeaver
Sylvan L akel^«|^^ %
\n,\.,_A
iCla'ivson
i\VS
^^Ro&eCenX
\
JOCHESTER^
Hamlin^
*0« 4\ O
^ — Ltade^A
^f>^^^
V
?Galn^
IjVashington
pony Creek
113
Inkster
>^
/R^uleY
STREET RAILWAYS.
1534
Rochester Romeo & Lake Orion, together with the North Detroit
Electric Railway and the Detroit Utica & Romeo Railway. The consolidated mortgage is a first lien on these last two properties.
Maturity.
Date. Interest. Outstanding.
D. R. R. A L. O. Ry. 1st mtg., ) 1900 5g. J-D $1,100,000 June 1, 1920
S. F. gold ($l,o00) $1,500,- Int at American Trust & Savings Bank,
000; unissued bonds have ( Chicago, Trustee; also Guaranty Trust
been canceled
Co., New York.
o*J
Det. & Flint 1st consol. M., > 1901 5g. F-A $1,400,000 Aug. 1, 1921
$3,000,000
($1,000).
.c*
Int.
atCity Tr. Co., New York, Trustee.
$
g.,
Bonds.—Of the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount of the D. R. R. & Lake O. Ry. and $500,000
have been canceled. Consolidated bonds are subject to call at 100 and
Interest after August 1, 1911, on 60 days' notice.
Both issues are
guaranteed by the Detroit United Railway; see form of guaranty in
V. 76, p. 1300; as "additional collateral security" on the Flint bonds,
1st consol. 4*3 p. c. bonds of the Detroit United are deposited, $ for
$, with the Guaranty Trust Co. of New York, and would be available
In the event of default on the Detroit & Flint bonds.
REPORT.— Annual report for the year ending December 31,1903
was published in V. 78, p. 284.
EARNINGS— Year ending Deo. 31, 1903, gross, $454,946; operating
expenses and taxes. $310,049; net, $144,897; other income, $4,669;
total income, $149,566; charges, $125,050; balance, $24,516.
OFFICERS— President, J. C. Hutchins; Vice-President, F. W. Brooks;
Secretary, A. E. Peters; Treasurer, Geo. H. Russel.— V. 77, p. 134.
1
Gross earnings
$3,<<42,868 00
Operating expenses, including taxes... 2,246,947 00
1902.
$3,473,140 00
1,967,532 00
Net earnings from operation
Income from other sources
$1,595,921 00
22,076 00
$1,505,608 00
28,614 00
Gross income from all sources
Deductions
interest on funded debt
Dividends
$1,617,997 00
$1,534,222 00
$868,113 00
$815,004 00
500,00000
500,00000
.
—
1903.
Surplus income
$219,218 00
$249,884 00
DBTBOIT UNITED RAILWAY, RAPID RAILWAY SYSTEM AND SANDWICH
WINDSOR & AMHER8TBURQ RAILWAY COMBINED.
Gross earnings
Oper. expenses, including taxes
$4,386,975 00
2,613,977 00
1902.
$3,961,402 88
2,260,786 36
Net earnings from operation
Income from other sources
$1,772,998 00
38,863 00
$1,700,616 52
31,247 52
Income from all sources
Deductions—
Int. on funded and floating debt
Dividends
$1,811,861 00
$1,731,864 04
$1,000,001 00
$948,902 40
500,00000
500,00000
1903.
$1,500,001 00 $1,448,902 40
$282,96164
$311,860 00
The combined system carried 85,237,607 revenue passengers in
1903, against 76,850,789 in 1902, and 22,930,194 transfer passengers,
against 20.447,341.
LATEST EARNINGS— (All properties).—Jan. 1 to August 31 In 1904,
Gross, $2,965,291; Det, $1,125,172; other income, $27,681; charges,
•713,267; surplus, $439,586. In 1903: Gross, #2,892,238; net, *1,178,357; other income, $27,744; charges, $659,555; surplus, $546,546.
Dividends— First dividend of 1 per cent on Detroit United stock was
paid March 1, 1901, and 1 per oent quarterly since then. Dividend
period ohanged in 1904. See V. 78, p. 1222.
Road.— On Jan. 1, 1904, operated 38488 miles, as follows: Detroit
United, 19215 miles; Wyandotte & Detroit River Ry., 11-51 Detroit *
Northwestern, 59-04; Detroit A Pontiao, 36-62; Detroit & Flint, 85*56;
total, 384-88. This is independent of the Detroit A Port Huron Short,
Line, whioh is separately operated, and comprises 123 94 miles, and of
the Sandwich Windsor
Amherstbnrg Ry., 25*02 miles, making altogether 533*858 miles owned and controlled. Rails, 77, 85 and 98-lb.
steel. Does an express service.
OFFICERS—Chairman of Board, H. A. Everett. Cleveland; President
and General Manager, J. C. Hutching, Detroit; Vice-President, Arthur
Paok, Detroit; Treasurer, George H. Russet, Detroit; Secretary,
Edwin Henderson. N. Y.; Assistant Secretary, A. E. Peters, Detroit.
General offices, 12 Woodward Avenue, Detroit.—V. 76, p. 262, 435;
V. '6, p. 1300; V. 78, p. 284. 1222, 2011.
Surplus inoonie
;
;
A
DETROIT* PORT HURON SHORE LINE RY.—A trolley road.
Entire outstanding oapital stock Is now owned by the Det. United Ry.
Organization.— Incorporated in May, 1900. Is a consolidation of
the Rapid Railway Co., the Det. Mt. Clemens A Marine City Ry. (the
purchaser of the properties of the Mt. Clemens A Lakeside Traction
Co. and the Detroit A River St. Clair Ry.), the Port Huron St. Clair A
Marine City Ry., the Connors Creek A Clinton River Plank Road
Co. and the City Eleotrlo Ry. of Port Huron. The new company
owns the oapital stock of each road. The consolidated company
operates all the tracks In Mt. Clemens and Port Huron, and the
through route from Detroit to Port Huron running through Mt.
Clemens, New Baltimore, Algonao, Marine City and St. Clair. Also
owns the oapital stock of the Detroit A Lake St. Clair Ry
Date.
Interest. Outstand'g. Maturity.
STOCK AND BONDS—
$2,000,000
Stock, $2,500,000 ($100)
(1)
11 1950
{n^on^s'tCo^eSa/el!
^c^nofbe^^fffi
cannot be called, g.o &r. Int
aj^^ Exoh Nat Banki N Y
£
'
ftt
.
.
.
Bonds.—Of the new 1st mortgage, $783,000 is set aside to retire
underlying liens (namely the bonds of the Rapid Railway and of the
Oity Electrio Ry. and the Port Huron St. Clair & Marine City Ry.);
and $125,000 is reserved for extensions and acquirements.
RAPID RAILWAY.
Date.
BONDS
Interest.
<
1895
I
Int. at
M-S
Outstanding.
Maturity.
Mar.
1, 1915
Finance Co. of Penna., Phila., Trustee.
i 1896
5 g. M-N
$300,000
May 1, 1916
$600,000 (gold).*...o*. ( Int. at Finanoe Co. of Penna.. Phila.. Trustee.
Of the oonsol. mortgage bonds of 1896, $300,000 are reserved to
take up the outstanding first mortgage bonds.
CITY ELECTRIC RAILWAY (OF PORT HURON)
1st mortgage, $300,000,
o*
($1,000)
1st Consolidated mtge.
BONDS
5
Date.
Interest.
1893
6
$300,000
Outstand'g.
Maturity.
M-8
Mar. 1, 1913
$180,000
Subject to call at 105 and int. after Mar. 1, 1903
^ Interest at Hanover National Bank, N. Y. City.
Bonds—The mortgage trustee is the Union Trust Company of Detroit
DETROIT A LAKE ST. CLAIR RY. CO.
1«t mnrt
*2O0
J^A-i'i^n
goia,
nsi,uuu
000
'
'
(
\
Date.
BONDS—
g.
Outstand'g.
Maturity.
5 g. A.-O.
April 1, 1920
$290,000
s Interest at Union Trust Co., Detroit, Trustee.
onas.—The bonds are guaranteed, principal and Interest, by the
Detroit A Port Huron Shore Line Ry., the Rapid Railway Co. and the
Detroit Mt. Clemens & Marine City Ry. They are not subject to call.
1st Mtg., $400,000,
c*
fold ($1,000)...
>
PORT HURON
Interest.
1900
CLAIR £ MARINE CITY RAILWAY.
Date Interest. Ou tstand'g.
Maturity.
BONDS—
1900
5 M-8
$3,000
Moh. 1, 1920
t mort.,g., $300,000)
($500 & $1,000)
S Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been canceled.
Road—Total Det. A Port Huron system, 123*94 miles.
ST.
[Vol. lxxix.
(2)
SANDWICH WINDSOR & AMHERSTBURG
RY—Trolley.
Organization— Incorporated under special charter from Province
of Ontario. Entire oapital stock is owned by the Detroit United.
Maturity, Div'd
Date. Interest. On'sland'g.
STOCK & Bonds—
Stock, $350,000. $100
$297,000
July ?/,*62, 2^%
Oonsol M., $600,000 > 1902 4V!g.JD
297,000
Deo. 1, 1922
gold ($1,000)... o*
Bond*— Interest
5
is
National Trust Co., Ltd., Toronto, Trustee.
payable at the company's office. The new 4^8
are subject to call after Deo. 1, 1912, at 105.
Earnings— For calendar year 1903 were: Gross. $89,160; operating
expenses and taxes, $56,980: net earnings, $32,180; other Income,
$12,117; total income, $44,297; charges, $6,837; surplus, $37,460.
Road— Operates 25022 miles of traok in and between Windsor, Walkerville, 8andwloh and Amherstburg, including City Ry. of Windsor
(2*52 miles), operated under lease.
OFFICERS -President, H. A. Everett, Cleveland; Viee-Pres. and Treas .>
J. C. Hutchins, Detroit; Sec, A. E. Peters, Detroit. —V. 75, p. 1303, 1400.
YPSILANTI
ANN ARBOR &
t DETROIT
JACKSON
RY
This road is now held in common control with the Jackson Consoli"
dated Traction Co., and the following managing committee for both
roads has been eleoted
(See V. 79, p. 269.) Walter C. Kerr. L. H.
Hole,
N. Coler Jr., of New York; Geo. O. 8mith, Pittsburgh; J. D.
Hawks, S. F. Angus, of Detroit, and W. A. Boland of Jackson.
Organization— Organized in 1901; absorbed by purchase the Detroit Ypsilanti & Ann Arbor Ry., the Ypsllanti & Saline Electrio Ry.
and the Detroit A Saline Plank Road Co. Has trackage over the
Detroit United Railway
Date. Interest.
Outstanding.
Maturity.
STOCK
BONDS—
Stock, com. ($2,600,000)
$2,000,000
1st consoLM., $2,600,000 > 1901 5 g. F-A
1,610,000
Feb. 1, 1926
($500, $1,000), gold..c* 5 Int. at Detroit Trust Co., Detroit, trustee.
1 ^^ 6g.M-N
Nov. 1,1917
600,000
^leou'oo^w^oo^l Lnterest
at Union Trust Co.,Detroit, trustee.
5
$1,000 eaoh)
Det. Yp. A Ann Ar! Cons". 1
1st M., $1,000,000 gold ( 1899 6g.F-A
330,000
Feb. 1, 1924
($500 & $1,000 eaoh), [Lnterestat Union Trust Co.,Detroit, trustee,
s. f., annualy
,
Yp. A Saline 1st M
Julyl,191fr
6 J60,000
8toek and Bonds—Of the new 1st mtge. of $2,600,000, $990,000 are
reserved for underlying liens. First oonsols oannot be called.
EARNINGS.— For 6 months ending Deo. 31, 1903, gross, $200,416;
W
:
&
net, $76,146.
Road—Completed and In operation from Detroit (through Wayne
and Ypsilanti) to Ann Arbor and to Jackson; making mileage 100
miles, of whioh 40 miles over private right of way. Ralls 70 and 75lb. T &nd girder.
Does a freight business.
Vlce-Pres., S. F. Angus,
OFFICERS— President, James D. Hawks
8ec, F. A. Hlnohman; Treas., 8. F. Angus. Office, Majestic Bldg.,
;
Detroit.-V. 73,
p.
957. 1159. 1207; V. 75,
p.
666; V. 79, p. 269.
DOYLESTOWN, PA.
PHILADELPHIA
& EASTON RAILWAY.A trolley road.
ORGANIZATION— Incorporated in Pennsylvania on February 3, 1897,
under title of Doylestown & Easton St. Ry., but name ohanged as
above In August, 1903. V. 77, p. 349.
&
Outstanding. Maturity.
Date.
Interest.
BONDS—
STOCK
Stock. $-125,000, $50
$700,000
July 2,1941
1st Mtge., $825,000) 1901.
5 g. J-J
700,000
o* 5 Int. at Girard Trust Co., Phila., Trustee.
($1,000), gold
sinking fund of $10,000 per annum oommenoes July 1,
Bonds
1908, if earned, said fund to be invested in the bonds. Bonds purchased are to remain alive and bear interest Bonds were formerly
not subject to call, but on Jan. 3, 1903, a supplementary mortgage was
made giving the privilege of calling the bonds on or after July 2, 1911,
at 110 and Interest. V. 76, p. 541.
ROAD-Operates 33 miles of road between Doylestown and Easton,
completed in summer of 1904.
OFFICERS-President, I. R. Rosenberger; Vice-President, S. J. Penrose; Secretary and Treasurer. H. J. Shoemaker; Engineers and ConHerbert & Co., Bound Brook, N. J.— V. 77, p. 349.
tractors, H.
—A
M
DU
BOIS, PA.
DU BQIS ELECTRIC & TRACTION
trolley road.
CO.-A
Organization—Incorporated in New Jersey on Nov. 15, 1901, as
the American Town Light Co. and name changed later as above. Is a
consolidation of the Du Bois Eleo'ric Co. and the Du Bois Traotion Co.
V. 76, p. 972. Franchises for both street railway and electric lighting
are perpetual and exclusive. Has 10-year lighting contract with oity
of Du Bois. Population served, 19,000.
Outstanding.
Date.
Interest.
Maturity
BONDS—
Stock
8tock, $300,000 ($100)
$300,000
May 1, 1932
300,000
Coll tr. mtge, $300,000 > 1902 5 g. M. N.
o* I Int. at Knickerbocker Tr. Co., N. Y.. Trustee.
($500), gold
Bond*— No sinking fund, but bonds are subject to call at any time at
105. There are also outstanding $46,500 of underlying liens, but as
these are being retired, we omit them from the above table.
Road— Operates 4^ miles in Du Bois. Standard gauge 60 and 80-lb.
girder and T rail. An extension of 2*2 miles on private right of way
to Falls Creek has been completed.
OFFICERS— President, U. D. Eddy; Vice-Pres., F. 8. Coolidge; Seo'y
and M'g'r, O. B. Wisner, New York; Treas., H. F. Crosby, New York;
Supt., J. E. Adams.— V. 76, p. 972.
&
;
DUBUQUE, IOWA.
UNION ELECTRIC
the
Home Electrio Co.,
CO. IN
IOWA -Trolley.
Iowa in 1900 as a consolidation of
the Dubuque Street Ry. and the Star Eleotrlo
Organization.— Incorporated
In
which constitute the entire electric light and street railway
properties of the city of Dubuque, Iowa. In April, 1901, Messrs.
Llnehan A Molo sold their half Interest in the company to the other
stockholders, the General Electrio Co. among them, whioh June 1,
common and $240,000 of the preferred
1 904, owned $240,000 of the
Co.,
stock.
Stock* Bonds—
Common,
$=>00,000,
Date.
Pref., $500,000, $100,
cum
Interest.
$100
5%
Outstanding
$500,000
•
™
00 000
W|
=
)
Maturity.
,)
650,000 May 1,1924
1904 5g. M-N
1st mtge. $980,000, gold, t
Sav. Bk., Chicago, Trustee.
> Int. at Iil.Tr.
($1,000)
c
&
.
STREET RAILWAYS.
Oct., 1904.]
Remaining $330,000 bonds reserved for 80 p. c of cost of extensions
and Improvements, but only In event of Increase of stock and then to
only two thirds of such Increase, but In no ea«e to be made earlier
than two years from date of bonds Bonds subject to call after five
years at 105 and Int. Sinking fund of #15,000 per annum begins April
80,1908
ROAD-— Owns and operates about 17*3 miles of track on 141$ miles
of street In Dubuque, West Dubuque and to Union and Nutwood parks,
and has contract with the city for supplying electrio lights. Extensive
Improvements to be made during the winter of 1904.
Vice- Pres., D. O. Myers;
Secretary and Treasurer, J. B. Lindsav; Gen. Mgr., L. D. Mathes.— V. 68, p.
84, 1180; V. 69, p. 591; V. 71, p. 343, 439; V. 72, p. 776.
F. D. Stout;
OFFICERS— President,
DULUTH, MINN.
TRACTION.-Trolley.
DULUTH-SUPERIOR
in Connecticut In 1900. Owns entire
the Duluth Street Ry., the Lakeside Street Ry. and the Superior Rapid Transit. The corporate existence of the Duluth Street Ry.
Is maintained, but all of its stook ($1,500,000 authorized, $300,000 outstanding,) is held by the Duluth Superior Traction. This latterjcompany
has no bonded debt. The Duluth Street Ry. was organized under
Aot of Minnesota approved Nov. 17, 1881, and possesses " an
exclusive franohise " which runs until 1931. The franchise of the
Superior Street Ry. Co. is perpetual and exclusive. The DuluthBuperior Bridge at West Superior is used by the railway, but is a separate corporation, and has issued first mortgage bonds for $650,000
and second mortgage bonds for $300,000—see bridge items. V. 63, p,
310, 504. The tracks and franchises of the Woodland Company were
purchased by the Duluth Street Ry. on Oct. 1, 1901, and now form
part of its system. In 1903 entered into contract with Northern
Power Co. to supply sufficient power to operate the street railways in
both cities. Power is not yec being delivered.
Date. Interest. Outstand'g.
Maturity'
BONDS—
STOCK
$3,500,000
Capital stock,com.,$3,500,000
Q-J
1,500,000 Oct.,'04,1%
Pref. 4 p. c. cum $1,500,000
Duluth St.Ry.M, $2,500,000$ 1900 5 g M<fcN 2,500,000 May 1,1930
e* (Int. at Central Trust Co., N. Y., Trustee
gold ($1,000)
Bonds—The mortgage covers all the mileage of the Duluth Street
Ry., the property of the Lakeside Street Railway and of the
Superior Rap. Transit having first been conveyed to the Duluth St. Ry.
Dividends— On the preferred stock 4 p. o per annum is being paid.
Road The system embraces 75 miles of track and inoludes all the
lines in Duluth and Superior.
REPORT— For calendar year 1903: Gross. $622,044 net, $276,717;
Interest and taxes, $186,589; surplus. $90,128; in 1902, gross, $538,031;
net, $249,658; charges, $176,275; surplus, $73,383.
Latest Earnings -Jan. 1 to Aug. 31: In 1904, gross. $410,935; net,
$188,113; charges, $131,961; surplus. $56,152. In 1903, gross, $413,684; net, $184,736; charges, $123,253; surplus, $61,484.
OFFICERS— President, C. G. Goodrich; Sec. and Treas., L. Menden•hall; Gen. Man., Herbert Warren.— V. 71, p. 341; V. 72, p. 183, 627.
Organization— Incorporated
Stoofc of
&
—
;
EAST LIVERPOOL, OHIO.
UNITED POWER CO-
Organization— Incorporated in Feb., 1901, and acquired the East
Liverpool Ry. and the Ceramio City Light Co.
Date,
Interett. Outstanding.
Maturity,
Bonds.
Stock
Stook, $900,000 ($100)
$900,000
5 g. J -J
Jan. 1, 1926
1st mort., $700,000 t 1901
550,000
($1,000), gold. .c* S Int at Trust Co. of North America, Phila., Trus.
Bonds— Are not subject to call.
ROAD— Operates I4*a miles of track. An extension Is under construction to Lisbon, 22 miles, of which 3 miles has been completed.
Remainder expected to be completed in 1905. Pres., L. W. Healy;
Sec, Geo. O. Anderson.— V.72. p. 241, 245.
&
.
.
EASTON, PA.
On May 1, 1904, lease to Lehigh Valley Traction was canceled by
rentals being in default. See V. 78, p. 1446, 1781. In June, 1904, a
further Instalment of $5 per share was called on stook, making 40 p. c.
paid in on shares. V. 78, p. 2011, 2442. Dividend payments have
been: July, 1900, 3«s% on $10 paid in; Sept., 1901. and March and Sept.,
1902, 3% on $15 paid in; March, 1903 (paid in July), and Sept., 1903,
4% on $15 paid in. None since.
Organization.— Consolidation in 1899 of the Easton Transit Co.. the
Edison Illuminating Co. of Easton and the Easton Palmer & Bethlehem.
Incorporated in New Jersey March 11, 1899.
Bonds— Both the stock and the collateral trust 5s were In
Stock
Jan., 1900, listed on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding.
Maturity.
Stock, $1,500,000; par, $50
& S 30% paid in. See text.
Collateral trust, g., o.*l,-}1899
872,000
May 1,1949
300,000 ($1,000, $500) ? Int. at Girard Trust Co. (Phil.), trustee.
1
A - O 300,000
5
1922
Easton Transit 1st mort., f Subject
to call at 103 in 1897 and redeem.
$300,000, gold, $200 &^
after Oct. 1, 1902.
Interest at Easton
c&r'
$500
Trust Co., Easton, Pa., Trustee.
(1881 6
$60,000
Apr. 1, 1941
Pa. Motor Co. 1st M.
(Lack. Tr. & S. Dep. Co. (Scranton), trustee.
Easton
& Bethlehem \ 1894 6
Aug. 1, 1924
60,000
Transit Co. Bonds
<E.P.WilburTr.Co.,trustee; red.aft.Aug 1,'04
Easton Palmer & Bethle- < 1898 5
200.000 Dec. 31, 1918
hem El. Istg., $200,000 I Int. at U. S. Mtg. & Tr. Co., N. Y., trustee.
The oollat. bonds have no sink, fund, and we not subjeot to call. Of
the total of $1,300,000, $420,000 is reserved to take up the $300,000
Easton Transit bonds, $60,000 Penn. Motor bonds and $60,000 East. &
Beth. Trans, bonds. Issue is secured by a pledge of $298,350 (out of
$300,000) stock of the East. Trans. Co., 12,317 shares (out of 12,322
shares) of Edison Illuminating stock, 1,902 shares (out of 2,400 shares)
of Pennsylvania Motor stock, 4,000 $50 shares (half common and half
preferred, being the entire issue of each) of the Easton Palmer &
Bethlehem Street Ry., and entire (2,500) shares of Easton & Bethlehem
Transit stock.
Road— Embraces the entire street-railway system of Easton, South
Easton and Philipsburg, with a line from Easton to Bethlehem and
South Bethlehem; total track 43'67 miles, standard gauge.
OFFICERS—President, W. Hinckle Smith; Sec. and Treas S. H. Sargent, both of 511 Chestnut St., Phila.- V. 78, p. 768, 1446, 1781, 2011,
2442.
&
M
5g.M&N
,
A-O
J&J
,
____
NORTHAMPTON TRACTION COOrganization.— Incorporated on Oct. 13, 1902, and Is a consolidation on Jan. 1, 1903, of the Easton & Nazareth Street Ry. and the
Easton Tatamy & Bangor Street Ry.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $500,000 ($100)
$500,000
Mtge., $400,000
o
5 J-J
400,000
Earnings.- For year ending June 30, 1904: Gross, $71,802; net,
$32,013; Interest, $20,000; surplus, $12,013.
Road.— Operates 20 75 miles of track from Easton to Nazareth and
from Easton to Bangor. Standard gauge; 60 lb. and 80-lh. steel rail.
Officers.— President, T. A. H. Hay; Vice-Pres., H. H. Haines: Secretary, W. O. Hay; Treasurer, Chester Snyder; Supt., D. L.Beautieu.
&
EAST ST. LOUIS, ILL.
ST. LOUIS & SUBURBAN CO-Trolley.
EAST
(See map on page 1536.)
Organization.— Incorporated In New Jersey in 1902, and owns all
the stook and bonds (with the exception of $215,000 as below) of the
East St. Louis Ky., the St. Louis & East St. Louis Electrio Ry. and
Suburban Ry., and the bonds of the St. Louis A
the East St. Louis
Belleville Electrio Ry. The East St. Louis & Suburban Uy. operates
In
East St. Louis and to Belleville, Ed wardsvllle,
all the electric lines
Collinsvllle and Caseyville also a line to O'Fallon and Lebanon and
the only electric line across the Eads Bridge. In July, 1902, acquired
the Citizens' Electrio Light & Power Co.'s plant in East St. Louis. Has
50-year exclusive rights to operate cars over the Eads Bridge connecting St Louis and East St. Louis. Has contract with city of East St.
Louis for municipal lighting until 1910. Franchises are from 44 to 48
yrs., with the exception of Belleville (5 miles), which has 16 yrs. to run.
The following is a list of the stock and bonds owned and which are
deposited with the St. Louis Union Trust Co. as collateral for the new
East St. Louis & Suburban Co. collateral trust bonds.
Bonds.
Stock.
Constituent companies $1,360,000 out of $1,500,000
$1,600,000 entire Issue
East St. Louis Ry. Co
4v!5,0»0 out of
600.000
500,000 do
d»
St. L. &EastSt.L.Elec. Ry.
8,000,000 do
d»
E. St. L, & Suburban Ry.... 3.000,000 (entire issue)
Elec.
Ry.
750,000
do
do
Belleville
St. L.&
224,700
Citizens Elec.Lt.&Pow.Co
&
;
;
$5,635,000
St.
The capitalization of the East
Date.
Stock & Bonds—
$5,224,700
Louis
& Suburban
Co.
is
as follows:
Outstanding.
Maturity.
$5,000,000 Nov.,* 04, 1%
Stock, $5,000,000, $100..
1902 5 g. A-O
April
6,100,000
1, 193*
Coll. trust M., $8,000,-5
Int. at St. Louis Union Trust Co., Trustee, or
..o"^
000 gold ($1,000).
at E. W. Clark & Co., Philadelphia.
140,000
Au?. I, 1908
E. St. Lou. Elec. St. RR. $ 1893 6 g. F-A
Interest.
oonsol. (now 1st) ,g....\ Int. at Miss. Val. Trust Co., trustee, St. L.
6 J-J
Jan. 1, 1905.
E. St. L. Elec. Ry. S 1890
75,000
1st M. cur
I Int. at St. Louis Union Trust Co., trustee.
Bonds.—Of the $6,100,000 collateral trust bonds outstanding*
$215,000 are reserved to retire the underlying liens given above The
remaining $1,900,000 are reserved for future extensions and improvements. Bonds are redeemable on any interest day at 105 and int. on 4
weeks' notice.
Dividends.— The first dividend of 1 p. c. was paid Nov. 1, 1904.
Earnings- For the 12 months ending Deo. 3i, 1903: Gross, $1,162,688; net, $526,313; fixed charges, $336,470; surplus, $189,843.
Latest EARNINGS-Jan. 1 to Aug. 31: In 1904, gross, $848,814; net,
$448,691. In 1903, gross, $656,7*1; net, $332,991.
Road—Operates ill miles of track, including all the lines in East
St. Louis and a double-track road from East St. Louis to Belleville,
St. L.
&
O'Fallon and Lebanon.
Officers of Operating Company.—President, C. M. Clark; VicePresident, L. C. Haynes; Sec and Treas., G L. Estabrook; Ass't Sea.
and Treas,, T. W. Gregory. Office of Suburban Co., Camden, N. J.;
Operat'g Co. at East St. Louis.— V. 76, p. 382, 918; V. 78, p. 820. 1109
EAU
CLAIRE, WIS.
VALLEY ELECTRIC RRCHIPPEWA
Eau Claire
Power
Purchased the
Lt.
STOCK & BONDS—
Common, par $100
&
Co.
Date.
Interest.
and consolidated with
Outstanding.
it
Last Div.
$206,000
200,000
6%, cum., $200,000
200,000
First M., $200,000 gold > 1898 6 g. A-O
Oct. 1, 1918
$l,000each)not sub. call $ Int. at Mercantile Tr. Co., Boston, Trustee.
5 A-O
New Mtge., $750,000, } 1903
500,000
Oct. 1, 1923
Pref.,
Security Trust Co., Camden, N. J., Trustee.
4
200,000
Bonds.— Of the new mortgage $200,000 is reserved to retire a like
amount of 6s due 1918; the new bonds may be called after 1908.
($1,000)
C. Lt.
& P.
Eau
5
Co
Road— Owns trolley road Eau Claire to Chippewa Falls, Wis., 12
Eau Claire, 8 miles Chippewa Falls, 2 miles; total, 22 miles.
Owns 14 miles right of way exclusive 30 years franchise at Chipmiles;
EASTON CONSOLIDATED ELECTRIC-
.
1535
;
;
and 30-year franchise at Eau Claire. Extension of 4 miles
under way, to be completed by July, 1905.
Earnings (of consolidated properties)— For year end. Deo. 31, 1903,
pewa
Falls
gross. $111,706; net, $46,570; in 1902, gross, $101,667; net, $41,582.
OFFICERS— Pres., A. E. Appleyard, Boston, Mass.; Vice-Pres., J. T.
Joyce, Eau Claire; Supt., H. G. L awre nce, Eau Claire.— V 78, p. 819.
ELMIRA, N. Y.
ELMIRA
WATER,
LIGHT & RAILROAD
COMPANY.
Organization—This company was incorporated on May 26, 1900,
for the purpose of consolidating all the water, lighting, power and
street railway properties in Elmira, comprising the following: The
Elmira Municipal Improvement Co.; the Elmira* Horseheads Ry.; the
Maple Ave. Ry.; the West Water St. RR.; the West Side Railway Co.;
the Elmira Gas & Hluminating Co., the Elmira Illuminating Co.,
the Elmira Water Works Co., and the Elmira Heights Water Co.
Stock
&
Bonds—
Date.
Stock, ($100)
Interest.
Elmira Wat. Works 1st M
West Side RR., g„ 1st M.. 1894 5
,
New 1st M.,
1900
6
g.
A.&O.
Vm^'
Amount.
$1,000,000
339,000
355,(00
Maturity.
1913
1, 1914
1949
Oct.
iftf £&£
TT
u s Mort *
* Trust, N. Y., trustee,
subject to call at 105 and interest.
gMar.
1,200,000 Jan. 1, 1949
2d
income <R1 200 (1900 4
Trust Co. of N ew York, trustee,
nnn g.,
„9*$u\'
ooo,
$500 & $1,000 1J Guaranty Subject
to call at 100.
Of the new 1st 5s, $3^9,000 are reserved to retire at maturity the
bonds of the Elmira Water Works Co., due 1913. $355,000 outstanding bonds of the West Side RR. and the Elmira Heights Water
Co. are guaranteed.
Road - Comprises 271$ miles of track controlling all the principal
streets in Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, also making connections with the
Seneca Lake Railway, which pays an annual trackage into Elmira.
Equipment consists of 37 closed cars, 29 open cars and 15 trailers.
Track laid with 75 and 90-lb. girder rails. Owns Rorick Glen Park.
Report—The earnings for the fiscal year ending June 30, 1904, were:
gross, $510,542; net. $167,902.
OFFICERS— Pres., Ray Tompkins; Vice-Pres and Gen. Man., W. W.
$2,000,000 5
000* o.
irold «l
n
<R500">
goia
»i,ouu
.$500
-
-
-
.
.
M
^
A*imn
Cole; Sec.
40 Wall
and
St.,
Treas.,
John M. Diven;
Asst. Sec,
Murray W. Dodge,
N.Y.; Aud., H. M. Beardsley.— V. 72, p. 627, 821, 935, 988.
EL PASO, TEXAS.company owns the
EL PASO ELECTRIC CO.—This
securities of the El Paso Electric Ry., the El Paso
Co., the
&
Juarez Traction
&
Power Co., comSt. Ry. and the International Light
practically all the eleotric-lightlng and the entire street railSanta Fe
prising
business of El Paso, Texas, and Juarez, Mexico.
average 61 years from Jan. 1, 1904.
Date.
Interest. Outstanding.
STOCK
Bonds.—
Com., $1,000,000 ($100)
$1,000,000
ef 6
C
0Um
"
way
&
% 50 0§6
Franchises
Maturity.
6J J
200,000 July 11/04,8%
'( -•
($I0°0)"
mtg. ($1,000),) 1902
5 g J-J
780,000 Jan. 1, 1932
$Int. at State Street Trust Co., Boston. Tras
$1,000,000, gold
2
Coll. tr.
1536
STREET RAILWAYS.
[Vol. t.xtt t,
—
STREET RAILWAYS.
Octt., 1904. J
Bonds.— No sinking fund and are not subjeotto call.
Dividends.- First dlv., 3 p. o. on pref. stock, was paid Jan.
Stock
12, 1903;
also 3 p. c. on July 13, 1903. In 1904, Jan. 11, 3 p. a; July 11, 3 p.o.
Earnings - For 12 mos ending July 31, 1901: Gross, $233,270; net,
$66,832; charges. $39,691; surplus, $27,141.
Road.— Operates 17-41 miles of track in and between El Paso, Tex.
and J uarez, Mexico.
Officers.— President, G. E. Tripp; Vice-Pres., E. Wadsworth;
Treasurer, A. Stuart Pratt; Sec'y, H. R. Hayes; Qen'l M'g'rs & Transfer Ag'ts, Stone & Webster, Boston— V. 76, p. 158.
&
J537
Bonds—
Date.
Interest.
Outstand'g.
1st
mortgage. $400,000
5g. A-O
1903
Maturity.
$600,000
400,000 April 1,1926
Stock, $600,000 ($100)
8av. & Tr. Co., Cleve., Trustee,
or at First National Bank, New York.
Bond*.— A. sinking fund of $10,000 per annum commences on Feb
1,1908, said fund to be invested in the bon<ls at 105, beginning witk
No. 1. Whole issue may be called at any time at 110 and interest.
ROAD— Operates 29 miles of track, connecting Evansville and
Princeton, which was put in operation Deo. 8, 1903. 70-lb Trail.
OFFICERS.- Pres Joseph S. Heston, Princeton; Vice-Pres ., J. La
Grange; Secretary, E J. Baldwin; Treasurer. Sam T. Heston; Gen'l
Manager, W. P. Lacey, Princeton.—V. 77, p. 2389; V. 79, p. 500.
gold ($1,000),
s.
<
f..c&rl
Int.
tit
Clt.
,
ERIE, PA.
ERIE ELECTRIC MOTOR COORQANIZATION. Chartered October 8, 1888. Acquired the ownership and control of the Erie City Passenger Railway and the Erie Reed
Park & Lakeside Street Railway through the purchase of the entire
capital e tock of both companies.
Dale. Interest. Outsl'ding. Maturity.
BONDS—
STOCK
$1,250,000
Stock ($1/250,000) ($100)
200,000 Jan. 1, 1919
1st M., ($200,000) ($1,000), ) 1889 6g. J - J
gold
c. S Int. at Cent. Trust Co., trust. N. Y. City.
2d M., ($150,000) ($1,000),) 1889 6g. J - J $150,000 Jan. 1, 1919
o. $Int. at Cent. Trust Co., trust., N. Y.City
gold
850,000 April 1,1941
1st ref. sink, fund ($1,250,-) 1901 5g. A - O
Security <te Trust Co., trus000) gold ($1,000). Cannot } Int. at N.
c*> tee, N. Y. City.
be called
Bonds—Of the $350,000 prior lien bonds $100,000 have been
exchanged and deposited with the trustee as additional collateral
under the refunding mortgage, thus leaving $250,000 prior lien bonds
inthehands of the put'llo. To retire these a like amount of refundFor extensions and betterments
ing mortgage bonds is reserved.
$150,000 of the new bonds are reserved, and can be issued only under
guarded restrictions. The company has deposited with the trustee
the entire capital stock of the Erie City Passenger Ry. and the Erie
sinking fund of 1 per cent annuReed Park <& Lakeside St. Ry. Co.
ally begins Apfil 1, 1906, and will be increased to 1^ per cent In 1916.
Road—Operates all the street railways in Erie, and has 29-79 miles
of trace, mostly 90-lb. girder rails. Has 34 closed and 42 open motor
oars and 10 trail oars. Franchises are perpetual, except for 6 milea
which is for 999 years.
REPORT—For year ending June 30, 1903, gross, $233,628 net, $92,537; interest and taxes, $57,593; surplus, $34,944.
OFFICERS— Pres .John C.Brady; Sec. & Treas., J. L. Sternberg; Supt.,
H. F. Wilbur, all of Erie. Office, 202 State St., Erie.-V. 72, p. 775.
EVERETT, WASH.
-
&
,
Y
A
;
ERIE RAPID TRANSIT ST. RY.-A trolley road.
Receivership.— On Deo. 18, 1903,
Henry
F.
Walton was appointed
receiver.
Organization.— Incorporated In Pennsylvania on June
Date.
Interest. Outstanding.
STOCK & BONDS.—
Stock, $500,000. $50
$500,000
21, 1898.
Maturity.
July
mtge., $350,000, ) 1901 5g. J.-J.
350,000
1, 1931
Int. at Colonial Trust Co., Phila., trustee.
gold ($1,000)
5
Bonds —No sinking fund and are not subject to oall.
Road.— Owns l.*> miles of track from city of Erie to town of North
East, which was put In operation on Deo. 1, 1901.
Earnings- For year ending June 30, 1903, gross, $43,130; net,
$9,7ti2 fixed charges, $22,120; deficit, $12,358.
OFFICERS.— President, Thos. B.Hall, Camden, N.J.; Vice-Pres.; W.E.
Hays, Erie; See and Treas., T. H. Paist, Phila., Pa. Gen. Man., F. J.
Cutting.— V. 76, p. 1192; V. 77, p. 2389.
1st
;
;
ERIE TRACTION
CO.
Organization— Incorporated in Pennsylvania on April 16, 1901.
Date.
Interest. Outstand'g.
Maturity.
STOCK & Bonds—
Stock, $500,000 ($50)
$500,000
5 g. J-J
440,000
let M.. $500,000. gold) 1899
July 1, 1929
($500 and $1,000) ...o'fN.Y. Security
Trust Co.. Trustee.
Loans payable June 30, 1903, $90,000.
Bonds.— A. sinking fund of $30 for every $1,000 bonds commences
July 1, 1904, but bonds are not subject to oall. Interest is payable at
the oompany's office, Erie, Pa.
Earnings— For year ending June 30, 1904: Gross, $64,650; net,
$19,418. In 1903: Gross, $65,105; net, $22,577; fixed charges, $33,896;
deficit, $11,319.
Road -< >perates 27*2 miles of track from Erie to Edinboro and CamStandard gauge, 60-lb. and 70-lb. girder and T-rail.
bridge Springs.
OFFICERS— President, W. C. Culbertson, Girard; Vice-Pres., T. A.
Lamb; Seoretary-Treasurer, Chas. M. Hatch. Office, Erie, Pa
&
LAKE ERIE TRACTION CO--A
EVERETT RY. & ELECTRIC.-A trolley road.
Organization— Incorporated in Washington on Jan. 23, 1893.
Also owns electrie-llght plant. Controlled by Evereti Improvement Ob.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
$200,000
Stock, $200,000, $100
1901 5 S- A"
825,000 Apr. 1, 1921.
1st mortrae-e
$11,ouu
000 ouu
000 1( Int.
at Manhattan Tr. Co., N. Y., trustee.
<L ?*i nnm *
goid($i,oou)
No s. f. and not subject to call.
^
Road— Operates 18-7 miles of track in Everett, including branch to
Lowell and Snohomish, 6-19 miles, leased from the N P RR. Co. for 3
years with privilege of renewing for 7 years more. Company is building a power plant at Lake Isabel, 32 miles from Everett, to furnish
15,000 h p.
Officers—President and Treasurer, J. T. MoChesney; Secretary
Edward C. Mony; Supt., R. P. Stevens.—V. 73, p. 1111.
&
m
'
EXETER,
N. H.
HAMPSHIRE TRACTION CONEW
New Hampshire
Organization—
Incorporated in
in Nov., 1901, with
perpetual charter, and owns and controls the following companies:
Amesbury & Hampton Street Ry.,*Seabrook & Hampton Beach Street
Ry., Haverhill & Plaistow Street Ry ., "Haverhill Plaistow <fc Newton
&
Exeter Street Ry., "Dover Somersworth &
Street Ry., 'Portsmouth
Rochester Street Ry., "Exeter Hampton & Amesbury Street Ry., "HudSouthern New Hampshire
son Pelham & Salem Street Ry., Haverhill
Methuen Street Ry Lowell
Pelham Street
Street Ry., Lawrence
Ry., "Rockingham Co. LlghtA Power Co. and 'Granite State Land Co.
All of the capital stocks of these (*) companies are owned by the New
Hampshire Traction Co., as are also the oustandlng bonds of all the
companies, with the exception of those given in table below, and are
&
&
&
,
pledged under the mortgage. Although not pledged under the Indenture, the stooks of the other companies owning property located in
Massachusetts are also owned bv the New Hampshire Traction Co.
and are deposited with the N. Y. Security & Trust Oo. Franchises
•f all the constituent companies are perpetual.
In October, 1904, the New York Security & Trust Co. gave notice of
a sale at auction of a certain block of stook and bonds of the New
Hampshire Traction Co., pursuant to a decree in a suit of the Massachusetts Construction Co against the same. V. 79, p. 1162.
Consolidation of Constituent Companies. — It is intended to consolidate the New Hampshire roads into the Exeter Hampton & Amesbury,
and the five connecting Massachusetts roads under the name of the
Northern Massachusetts St. Ry. Co. Nothing done on this to October,
1904.
Date.
Interest.
Outsfding.
Maturity.
BONDS
STOCK
Stook $1,000,000 ($100)
$1,000,000
6,625,000 July 1, 1942
1st lien, eink'g fund, gold, ) 1902 4^g. J.-J.
$7,500,000 ($1,000)0* &r $ Int. at N.Y. Beo. &Trust Co., N.Y., trustee.
Bonds.—$375,000 are reserved to retire the outstanding prior liens;
$500,000 are held for future extensions and improvements at 75% of
cost, and only when net earnings for previous year are Ha times interest oharges. A sinking fund of $40,000 per annum commences
May 1, 1910, but bonds oannot be called. Bonds if purohased are to
be kept alive and interest aoorues to benefit of sinking fund.
The bonds constitute a first lien on all the properties and franchises
of the constituent companies, subject only to $375,000 underlying
&
liens.
UNDERLYING
LIENS.
Exeter Hampton & Amesbury
1st mortgage, $225,000, g. 1899 5g. J-D $225,000 June 1,1919
Interest at American Loan <fc Trust
($1,000), sink, fund $3,000
per ann. begins 1904 bonds.
Co., Boston, Trustee.
cannot be called
c*
Dover Somers. & Rochester)
1901 5g J-J
See text . July 1, 1921
33
Sffift.
o* Fftk
s. f. $5,000, p. a.,
($1,000),
Interest at American Loan & Trust
begins 1904; bds. oannot be
Boston,
Trustee.
Co.,
called. Guar. p. & i. by Ex.
o«T
r
!
,
.
[
trolley road.
Reeeieershiv— On July 8, 1904. S.Fred Nixon was appointed receiver,
interest on the bonds being in default. V. 79, p 269.
Organization— Incorporated in New York.
Date.
Interest.
Outstanding.
Maturity.
Bonds—
Stock
Stock, $500,000, $100
$500,000
1st Mtge., $400,000, g.,) 1902
5 g.
400,000
April 1, 1932
($500 & $1,000) & r $ Int. at Colonial Trust Co., Phila., Trustee.
Bonds— No sinking fund or bonds cannot be called.
ROAD— Operates 17 miles of traok from Northeast, Pa., to Westfield,
N. Y. Standard gauge. 60 and 70 lb. T rail.
OFFICERS President, T. B. Hall, Camden, N. J.; Sec. & Treas. T. H.
Paist, Philadelphia; Supt., H. B. Given.— V. 79, p. 269.
&
Hamp.
& Amesbury.
J
Hamp.
1st M., gold, ) 1899 5g.A-0 See text
Oct. 1, 1919
Int. at Beacon Tr. Co., Bost., Trustee.
$100,000 ($1,000)
I
Bonds -Ol the $300,000 of the Dover 80m. & Roch. bonds, all issued,
$200,000 are owned by the New Hamp. Tract. Co., and pledged under
the mortgage. Of the $100,000 Ames. & Hamp. bonds, all issued,
$50,000 are owned by the N. H. Tract. Co. and pledged under the
mortgage.
Road— Companies controlled comprise about 135 miles of track and
several pleasure resorts. Also does electrio lighting and gas business. Population served, 300,000.
Officers— President, D. A. Belden, Haverhill, Mass Vice-Pres., F.
P. Royce, Boston; Sec'y and Treas., Reginald H. Johnson, Boston;
As't Treas 8amuel L. Russell, Haverhill - V.74, p. 1355; V.79, p. 1462.
Ames.
<fc
:
,
EVANSVILLE,
FAIRMONT, W.VA.
IND.
EVANSVILLE ELECTRIC RY--A trolley road.
Organization— On March
by the
Owns
22, 1901,
was granted a 50-year franchise
city of Evansville, it then acquiring the old Evansville St. Ry.
the street railway mileage in EvansvUle exoept 1*3 miles of
all
interurban road.
Stock
&
Bonds—
Date. Interest.
totuck ($600,000) ($100)
Outstand'g.
Maturity.
$600,000
1st mortgage, $1,200,000, ) 1901 4g. M-N 1,200,000 May 1, 1921
gold ($1,000)
cMInt. at Merchants' Tr. Co., N. Y., trustee,
Earnings -For 6 mos ending Apr. 30, 1904, gross, $90,939- net,
$26,969. In 190a, gross, $82,369; net, $22,131.
ROAD— Owns 30^ miles of trolley track. Rails, 60, 70 and 75 lb. T
94 oars. Gen'l Electric system. Also owns park and pleasure resort.
OFFICERS— Prest., Jas. O. Parker; Vioe-Prest. and Gen. Mgr.,
E.
Moran; Treas., L. C. Shipherd; Sec, Alex Gilchrist, all of Evansville,
Ind -V. 72, p. 776, 87^.
H
EVANSVILLE & PRINCETON TRACTIOF
CO-— A trolley road.
Organization— Incorporated
in Indiana In 1902. Franchises are
for 50 year* fiom 19 '2. On July 20, 1904. the Evansville Priuceton
Indianapolis Ry was organized by parties interested in this company,
but the»e
is
no connection between the two.
&
FAIRMONT & CLARKSBURG TRAC-
CO--
Organization-- Incorporated in West Virginia in June, 1903, and
Is succeso e to the Fairmont & Clarksburg Electric RR. Co.
Outstand'g.
Maturity.
Date. In'erest.
STOCK & BONDS-Stock, $2,000,000
1st mortgage, $2,500,000,
gold (81,000)
c*
1903
AO
None
$600,000
Ooc. 1, 1938
N. Y.,Trustee.
5 Int. at Guaranty Trust Co
Bonds - Further $600,000 are issuable at once for construction and
$1,300,000 are reserved for extensions and improvements. Are subject to call, beginning Oot. 1, 1913, at 105 and interest.
Road,— Operates a line between Watson, Fairmont and Middletown,
and from Clarksburg to O'Neil Mine; total, 21 miles. Standard gauge.
Also does electric-lighting business.
Officers —President, R. T. Cunningham; Secretary. Geo. T. Watson; Gen. Mgr. L. L. Malone.— V. 76, p. 1406; V. 77, p. 950.
)
5
g.
,
FISHKILL-ON-THE-HUDSCN, N. Y.
CITIZENS' RAILROAD, LIGHT &POWBR.A
road.
trolley
Organization— On Feb. 1, 1902. the
Electric Co.
Citizens' St. Ry.
were consolidated under the above
title.
and the Carroll
STREET RAILWAYS
1538
8took,$175,000,par $100.$175,000
Earnings— For yearend'g June
Citz. RR., Light & Power
30.
1903.
1st mtge. 5s, $100,000,
1904.
due 1922
100,000 Gross
$74,546
$77,803
24,567
Cit. St. Ry. lstM. 6s, A&O. 75,000 Net
26,656
14.396
(Due 1912, optional after 1897.)
Charges
14,483
None
Leased Line
None
Dividends
Fishkill Elec. 1st M., 6s, ) <,-„ nnr Balance
10,171
12,173
&0
wo°
»
of 1895, due 1915, J&J \
Fishkill stock ($50,0001 to receive same div. as Citizens' St. Ry.
Road Owns 3 miles of single and *25 miles of second track. Leases
Fishkill Electric Ry. from Fishkill to Matteawan, 4; total, 7 1* miles.
OFFICERS— Pres., J. T. Smith, Fishkill-on-Hudson; Vice-Pres., E. L.
Tompkins; Sec. 8. K. Phillips Matteawan; Treas., George W. Patter-
—
.
FORT SMITH, ARK.
FT. SMITH LIGHT
O RQ an IZATION— Incorporated
son.— V. 75,
p. 184.
FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY
Organization— Road extends to Leominster and Lunenburg.
Maturity
Date.
Hate. Outstand'g.
STOCK, Bonds Etc.—
which $250,000
See text.
$350,000
15 °.o°° A P r. i.i9i7
Consolidated M., $350,000 ; 1901 4.** F-A 150,000 Feb. 1, 1921
($1.000)
J Int. at Bost. Safe Dep. &Tr. Co., Trustee.
Bonds—Of the new consol. mtge., $150,000 are reserved to retire
the 1st mtge. at maturity.
DIVIDENDS— In year 1894-95, 8 p. c.; in 1895-96, 8 p. c; in 1896-97
8 p. e.; in 1897-98. 8 p. o.; in 1898-99, 8 p. c; 1899-1900. 8 v. c: 1900.
1901, 8 p. c; in 1901-1902, 6 p. o.; in 1902-03, 6 p. o.; in 1903 04,6 p.c
Road—Owns 32-114 miles of track, including 167 miles of 3ldings.
EARNINGS— For years ending Sept. 30:
1902
1903.
1903.
1902^
Gross
$198,356 $185,447 Dividends paid.. $21,000 $21,000
846
6,289
Net.
68,221
58,435 Bal. sur. for year
Int., taxes, etc..
46,375
31,146
Officers— President, H. A. Willis; Vice-President, H. I. Wallaoe;
Clerk and Counsel, C. F. Baker Treasurer, R. N. Wallis Supt. and
Purch. Agt., W. W. Sargent, all of Fitchburg.— V.70, p. 1249; V. 72, p. 87.
STOCK
&
^TOi S^to2S5C:h«"
5
^-°
,
;
;
to
be preferred.
Bonds—
Date. Interest. Outstanding. Maturity.
$300,000
300,000 May 1, 1933
o<Int. at St. Louis-Union Tr. Co., trustee.
Bonds.— Of the $300,000 bonds. $100,000 is held by stockholders as
collateral for advanoes. No sinking fund, but all or any part of bonds
subject to call after one year upon any interest date.
ROAD— Operates 13 miles of track on 10 miles of streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail.
OFFICERS— President and Gen'l Mgr., W. C. Lemert, Bucyrus, Ohio;
Vice-Pres.. Geo. T. Sparks; Sec. and Treas.
R. G. Hunt, Fort Smith;
Supt., G. H. Wilmarth.— V. 76, p. 1084, 1143.
8tock, $300,000 ($100)
1st mortgage, $300,000,
($1,000)
5g.M-N
1903
g., J
,
FORT WAYNE,
8tk.(au., $500,000; par. $100)
(
& TRACTION CO-
in Arkansas on April 13, 1903, and is
a consolidation of the Fort Smith & Van Buren Light & Transit Co.
and the Fort Smith Traotion Light & Power Co. Authorized capital
sto«k was increased in Oct.. 1904, from $300,000 to $1,000,000, of
.
—
Voi. j»xxjx
IND.
FORT -WAYNE & SOUTHWESTERN TRACTION CO.— A trolley road.
Nelson was appointed reoeiver June 2, 1903. In
was stated that receivership would be terminated soon.
In October, 1904, it was proposed to consolidate this company and
ttie Fort Wayne Electric Light A Power Co., the consolidated company
to be taken over later by the Ft. Wayne & Wabash Valley Traction
Gen. Mgr.
S. L.
Oct., 1904, it
Co.
See V. 79,
p.
500.
Organization— Incorporated in Indiana in 1901.
Oustnnding.
Interest.
Date.
STOCK & BONDS—
Maturity.
Stock, $1,000,000 ($100)
$900,000
1,000.000
1st mtge., $2,000,000 ) 1902
5 g. J-J
July, 1932
gold ($1,000)
c 5 Int. at State Street Trust Co., Boston, Trustee.
Bonds—No sinking fund, but bonds are subject to call on any interest
date at 105 and interest; $1 ,000,000 reserved for extensions.
Road 47 m. of track between Ft Wayne and Wabash. 60-lb. rail.
OFFICERS— Pres., Wm. B. McKinley Vice-Pres. & Man., S. L. Nelson;
Treas., Geo. E. Macomber; Supt., L. O. Williams.— V. 79, p. 500.
Sec.
—
T
;
&
florenceT col.
FORTCOWAYNE
&WABASH
VALLEY TRACFLORENCE ELECTRIC STREET RY .-To be a TION
A
road.
trolley
trolley road.
Organization.—Incorporated in Colorado on July
12, 1900.
&
Outstand'g.
Bate.
Interest.
Maturity.
STOCK
Bonds—
8took, $2,500,000 ($100)
$500,000
1st mort., $2,700,000, ) 1903
22,000
Jan. 1, 1928
5 g. J-J
gold ($1.000)
e S Int. at Eastern Trust Co., N. Y., Trustee.
Bonds— No sinking fund and bonds cannot be called.
Road.— Is to operate 125 miles of traok between Florence and Canyon Citv, Florence and Colorado Springs and Florence and Pueblo.
In October, 1904, about 2 miles of road was completed.
Officers.— President, Tbos. Robinson; Vice Hres. and Treas., H. A.
Cook; Secretary, Harry Robinson. V. 76, p. 265, 382; V. 77, p. 2159.
FOND DlTLaC, WIS.
EASTERN WISCONSIN RY.& LIGHT-Trolley.
Organization.— Incorporated in Wisconsin in Sept., 1903. as a conFond du Lac St. Ry. & Light Co. and the Fond du
Lao & Oshko-h Eleot. Ry. Co. Comprises the entire street railway,
eleotrio-lighting and gas plants in Fond du Lao.
solidation of the
&
Outstand'g.
Interest.
Maturity.
BONDS— Date.
STOCK
Stock, $500,000
(?)
Prior liens
$572,000
1st mort..$1.5OO,00O) 1903
5g. A-O
(?»
Oot. 1, 1923
gold ($1,000). . o* (Interest at Milwaukee Trust Co., Trustee.
Bonds.- Are subject to call on any interest date at 103 upon six
months' notice; $572,000 are reserved to retire prior lien bonds.
Road— Length of road GH miles in Fond du Lao and 12^ miles be-
tween Fon d du Lao and oshkosh.
EARNINGS— For year ending Deo.
1,
1903: Gross, $133,665.
OFFICERS— Pres., F. B. Hosklns; Vice-Pres. & Gen. Man.,T. F. Grover;
Seo'y, Frank B. Huntington; rreasurer, Wm. E. Cole.— V. 77, p. 1533.
Orqaniza t ION -Originally incorporated on May 29, 1903, as th e
Fort Wayne Logansport Lafayette & Lima Traction Co., but name wa 8
17, 1904.
Owns the Fort Wayne Traction
Ry, the Logansport Ky. Co., tt.e Logansport
Rochester & Northern Traction Co., the Wabash River Traotion Co.
and the Wabash Logansport Traction Co. Franchises expire from
1935 to 1991, but some are perpetual.
Int.
Outstand'g.
Date.
Maturity.
STOCK
Bonds—
Common. $6,000,000
$6,000,0<0
Pref., $1,500,000
....
900,000
1904 5g.M-S $1,875,000 Mar. 1, 1934
1st cols. M.. $7,500 000, {
gold ($1,000)
Int
of
No.
Amer., Phila., Trust.
at
Tr.
Co.
I
1901 5g.F-A
Wab. Rlv. Tr Co. 1st M.)
275,000
1931
$350,000. ($1,000) g., o* \ Int. at N. Haven Tr. Co. N. Haven, Trust
Ft.WayneTr.M.,($l,500,-J
1899 4g.A-0
1929.
See text.
Int. at Guard. Trust Co.. Cleveland, Trun.
000), g. ($1.000)
o* l
1893 6 J-D
Laf.St.Ry. 1st M., C$1,000 5
225,000 June i, 1913
each) $225,000
o* < Int. at Real Estate Trust Co., Phila., Trust.
Bonds— Of the new mortgage for $7,500,000.$1,81 3,000 are reserved
to retire underlying liens 'and the remainder ($3 812,000) for improvements, extensions, etc., at 85 p. c. of cost, and only when net earnings
are 25 p. c. in excess of interest charges. The amount of Ft. Wayne
Traotion Co. bonds out is $1,308,000, but $1,223,000 of these are on
deposit and subject to call or exchange. In addition to bonds noted
abo»e, there are $3,500 bonds of the Loganspo t Ry. outstanding. The
new consols of 1904 are not subject to call before maturity. The
Wabash River Traction Co. 5s of 1901 are subjeot to call at any time
at 105 and interest.
Ro»D— 81*28 miles of main track in and between Ft. Wayne, Lafayette, Logansport, Wabash and Pern. At Logansport and Peru connections are made for Indianapolis over the tracks of the Indiana Union
Owns 4 power houses and 4 pleasTrac. Co. Ralls, 60, 10 and 72 lb.
ure parks. Has 68 closed and 88 open cars and 10 motor equipments.
Earnings— Eor the calendar year 1903, the constituent companies
showed (before consolidation), gross, $528,073; net, »1 76,627; fixed
changed to above on Feb.
Co., the Lafayette Street
&
.
1
FORT DODGE, IOWA.CO.-Trolley.
FORT DODGE LIGHT & POWER
Organization— Organized
Iowa. Operates the entire street railway, gas and electric-lighting business or Fort Dodge. Gas franchise
perpetual. Street-railway and electric-lighting franchises are exolusive
and run for 25 years from 1894 and 1898, respectively.
Date.
Interest.
Outstand'g.
Maturity.
STOCK
Bonds—
Common, $400,000
None
Pref., 6 p. o. $200.000
$200,000
225.000
1st mort., $350,000.) 1903
5 g. F A
See text.
gold ($1 ,000)
Int. at Chicago Title & Trust Co., Trustee.
5
Bonds— The bonds mature in numerical order as follows: $5,000 per
annum for 5 year- be. inning Feb., 1909; $6,000 per annum for next
5 years; $10,000 per annum for following 5 years, and the remainder
on Feb. 1, 1923. Entire issue, however, mav be called on or after
Feb., 1908, at 105 and interest. Of the $350,000. $75,000 have been
ssued to refund prior liens and $150,000 used to rebuid existing
property; $125,000 is reserved for future betterments at 90% of cost
in
&
after 1906.
Earnings- For calendar year 1903,
gross, $49,889; net, $1 9,490.
4*a miles of track.
OFFiCERS-Pre.Hident, O. M. Oleson; Vice-Pres., Robert Healy; Sec'y.
and Treas., M. F. Healy; Supt., W. M. Healy.-V. 78, p 1167.
Road— Operates
GAS & ELECTRIC
THE FORT SCOTT
Incorporated
Kansas
CO -
in
in 1900 and is successor to
ORQanization—
the Fort Scott Eleotrio Light & Power Co., Citizens' Electric Street
Ry., Fort Scott attain Heating Co. and Fort Scott Ga& Co.
Date Interest. Outsta-»d'g.
Maturity.
BONDS—
STOCK
$.-(0o,000
Stock. $300,0
($100).
1st mottgage, $250,000.) 1903 5 g. A-O
200,000
Apr. 1,1922
gold ($500), s. f
c* \ Int. at Chicago Title & Trust Co., Trustee.
Bonds—Of the $250,000 authorized, $50,( 00 are reserved for extensions. Are subject to call on April 1, 1908, at 105 and interest. The
following amounts are payable annually to a sinking fund: In 1908
and 1909, $3,500 per annum; in 1910 and 1911, $4,000 p. a in 1912
and 1913, $4,500 p. a in 1914 and 1915, $6.0oO p. a in 1916 and
1917, $7,000 p a and from 1918 to 1921, inclusive, $10 000 p. a
Earnings —For calendar year 1903, gross, $53,599; net, $35,540;
fixed charges, $11,148; surplus, $24,392.
Road.— 9 miles of track in Fort Scott. Gauge, 4-ft 45 lb. T-rails.
OFFICERS - Pres. and Mgr Grunt Hornaday; Vice Pres.,0. F.Martin;
Seoy., F. A. Hornaday; Treas. and Supt., F. D. Martin. V. 77, p. 1294.
&
.
;
:
,
,
Stephen B. Fleming.
Directors— Randal Morgan, J. Leveling Jones and Bayard Henry
Henry C. Paul and Stephen B Fleming of Ft. Wayne;
and James Murdock and Charles M. Murdock of Lafayette.— V. 76,
of Philadelphia;
p.
1218; V. 78, p. 1222, 1549, 1962. 2011, 2384; V. 79, p. 151, 500.
FORT WORTH, TEX.
NORTHERN TEXAS TRACTION CO -A
trol-
ley road.
Organization— This was formerly the Fort Worth Street Ry. Co.,
chartered by the Texas Legislature in 1876, for 99 years. In IhOI application for amendment to charter was granted, changing its name to
the Northern Texas Trac. Co. The Traction Co. tlien purchased the
City Ry., and in 1901 obtained legislative permission to extend its
road from Fort Worth to Dallas, a distance of 29 miles. In 1902
purchased the Dallas & Oak Cliff El. Ry. and redeemed that company's
bonds; also acquired the Glenwood 8s Polytechnic College St. Ry.
Date.
Interest. Outstanding, Maturity
Bonds—
Stock
Q-F
$2,500,000 Aug.,'04,^%
Stock, $2,500,000 ($100)
1903 5g. J.-J.
2,184,000 Jan. 1. 1933
1st mortgage, $2,500,000 Int. at Cit'B Sav. & Tr. Co.. Cieve., Trustee,
($1,000) g.j no s. f...c*.
or at Guaranty Trust Co., New York.
Bonds— Of the new bonda, $3 16,000 are reserved for addt'ns, impv'ts
and future extensions. All underlying bonds have been canoeled. Are
subjeot to call on Jan. 1, 1908, on Jan. 1, 1913, and on any interest
date after 1913 at 105 and interest.
DIVIDENDS— First dividend of li^ p. c. paid Aug. 1, 1903. In 1904,
Aug., % p. o.
Feb. 1, 1^ p. c May, S> p. o
&
FORT SCOTT, KAN.
;
charges. $115,767; surplus, $62,860.
Latest Earnings- Jan. 1 to July 31, in 1904, gross, $326,576; net,
$106,462. In 1903, gross, $291,919; net, $89,533.
OFFICERS— President, Charles M. Murdook, Lafayette; Secretary,
J
;
;
Road and Equipment.— Owns 20 mues in Fort Worth and a line of
29 miles from Fort Worth to Dallas, which was put in operation on
June 18, 1902, and 10 mlleH in Dallas. Total track, main line, 59 miles;
2 miles sidings. Grand total, 61 miles. All tracks in Ft. Worth have
been relaid with 56, 60, 65 and 70-lb. rails. For intemrban use, 70-lb.
rail, standard guage. An extension of 3 miles In Ft. Worth is under
construction.
REPORT— For 12 mos., ending Dec. 31, 1903, gross, $465,394; net,
$204,037; charges and taxes, $11 1,370; surplus, $92,667.
Latent Earninqh— Jan. 1 to Aug. 81, 1904, gross, $359,843; net,
$158,190; charges, $80,857; surplus, $77,333.
1539
STREET RAILWAYS.
Bishop, Cleveland;
OFFICERS— President, George
GAINESVILLE, GA.
M. Haines,
Worth;
and
John Sherwin. Cleveland; Gen. Mgr.,
GAINESVILLE & .DAHLONEGA ELEC104.
288, 703, 1110, 2335; V. 79,
Geo. H. Cllfford.-V.
road.
TRIC RY-A
incorporated In June, 1901.
be operated with
Organization.—
FRANKFORT, KY.
from a water power plant on the Chesatee River mid& VERSAILLES TR AC. CO- way between the two
FRANKFORT
Incorporated In Kentucky on Ootoier 26,
Oct., 1904. J
T.
Ft.
F.
1st Vlce-Prest.,
Seo.
78, p.
Treas.,
p.
trolley
Is to
electricity
cities.
ORQANIZATION—
took over the Frankfort
Stock & Bonds—
Common. $225,000
1903, and
& Suburban Ry. Has
Bate.
Preferred, $75,000, 4 p. o
1st mortgage, $300,000. J
gold ($500, $1,000).. o*J
a 100-year franchise.
Interest. Outstand'g.
Maturity.
$225,000
75,000
100,000.. Deo. 1, 1923
1903 5g. J-D
Int at Cincinnati Trust Co., Trustee, or
at North American Trust Co., N. Y.
Securities Co. of Cin. offered $100,000 of the
The Municipal Bond &
bonds in Sept., 1904, at par.
ROAD— Owns 8*a miles of track In Frankfort. Extensions (4 miles)
are being built in the oity and ultimately to Versailles (12 miles) over
private right of way owned. Equipped for handling freight.
OFFICERS— President, John C. Noel, Frankfort; Vice-President, J. P.
Amsden, Versailles; Treasurer, A. Norvale, New York; Seoretary,
John T. Buckley, Frankfort.— V. 77, p. 2389.
FREDERICK, MARYLAND.
FREDERICK
RAILWAY—A & MIDDLETOWN ELECTRIC
trolley road.
Organization— Commenoed operation
in fall of 1896. Theoompany
In August, 1901, leased the Myersvllle & Catootln Electric Ry. for 10
years from Feb. 1, 1904, on whioh date the old lease expired. For
terms of lease see V. 73, p. 287.
Dale.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $100.000
$44,000
1st mortgage, $100,000, > 1903
5 g. J-J
100,000
July 1, 1923
gold
Maryland Trust Co., Baltimore, Trustee.
5
Bonds are subject to call after 10 years at 105.
Road—Frederiok to Middletown, 9 miles ; whioh, with the lease of
the Catootin & Myersvllle Electric, Myersvllle to Middletown, 5*3
miles, constructed in 1898, makes a total of 14^ miles operated.
OFFICERS -President and General Manager, Geo. W. Smith; VicePresident, D. E. Kefauver; Secy., E L. Coblentz.—V. 73, p. 287.
&
FREDONIA, N. Y.
& FREDONIA RAILROAD-
DUNKIRK
A
trolley road.
Organization—Chartered April 21, 1864. Company is also engaged
In eleotrio lighting and steam heating, the expenses of these departments being included in the railroad operating expenses and the receipts are shown in other income. In June, 1897, purchased Fredonia
Natural Gas Light Co. (capital stock $40,000) and has since operated it.
Authorized stock of this Gas Light Co. was increased in April, 1903,
to $100,000; only $40,000, however, Is outstanding.
In June, 1903,
leased the Buffalo Dunkirk & Western RR.'s Dunkirk and Point
Gratiot branch for the summer season and Again for summer of 1904.
Date.
Interest.
Outstand'g. Maturity.
Stock
Bonds—
Stock, $200,000 ($100;
$173,250
1st mortgage
1891
5 J-J
40,000 July 1,1911
2d mortgage
1898
5 J-J
21,000 July 1,1911
Fund. & ref. M., g., $100,- ) 1902
5g. J-J
39,000 July 1,1952
000( $100, 500 & $1,000) \ Fidelity Trust Co., Buffalo, Trustee.
Slock.— In April, 1903, was authorized to increase capital stock to
$200,000, the increase to be used in paying stock dividends from time
to time as net earnings are used for improvements.
Bonds—Are subject to call on any interest date at 103. $61,000 are
reserved to retire the prior Hens. No sink. fund. Mtge. covers $39,500
of the $40,000 stock of the Fredonia Natural Gas Light Co.
EARNINGS— For fiscal year ending June 30, 1904: Gross from all
sources), $68,756; net (after taxes),.t>29;131 int., $5,000; bal., $24,131.
DIVIDENDS— In 1903, 10p. c. in stock and 9 p. o. In cash; In 1904,
15 p. c. In stock and 9 p. o. In cash.
Road Owns 3^ miles of single and one-fifth miles of second track
and leases 3^ mile**; total about 7 miles.
OFFICERS-— President, Frank May, Dunkirk, N. Y.; Secretary-Treasurer and Manager, Milton M. Fenner. Fredonia.— V. 75, p. 1147.
&
—
FREEPORT,
ILL.
FREEPORT RY., LIGHT & POWER CO-
ORGANIZATION -Franchises expire March 1, 1923. Has traffic arrangement for 50 years with the Rookford & Freeport Eleotrio Ry.,
allowing caTs of that
company
to enter Freeport.
Also has contract
tor city lighting.
Stock
&
BONDS—
Common,$200,000, $100
Date.
Interest. Outstand'g.
Maturity.
$200,000
.
A nn .
150,000
..
Pref
5 p. o non-cum. )
$150,000, $100
\
1st mortgage, $350,000 )
1903 5 g M-N
273,000
See text.
go Id ($1,000)
o* < Amer. Trust & Sav. Bank, Chicago, Trustee.
Bonas —Interest on the above issue is payable at the offices of
Rudolph Kleybolte & Co. in New York, Cinolunati and Chicago. Bonds
are subject to call after May 1, 1913, by lot at 105 and interest.
$77,000 are reserved for future improvements at 80 p. o. of cost.
Maturity of the bonds is as follows: $10,000 due May 1, 1908 $5,000
due in each of the years 1910, 1912 and 1913, and $5,000 annually
from 1H15 to 1921, inclusive; the remainder in 1922. A sinking fund
provides for the payment of $2,000 per annum for first 10 years and
$5,000 per annum thereafter.
Earnings— For calendar year 1903, gross, $48,000; net, $18,000.
ROAD— Operates 8 milesof track 60 and90-lb. T rail Standard-gauge
OFFICERS— President and Treasurer, A. P. Goddard; Vice-President
and Gen'l Mgr., A. J. Goddard; Secretary, W. N. Cronkrite.
,
,-
;
FRESNO, CAL.
FRESNO TRACTION CO.-A trolley road.
Organization— Incorporated in California in 1903 in the Interest of
H. E. Huntington of Los Angeles, to build 196 miles of eleotrio railway,
Including lines from Fresno to Wawona, 79 miles; Fresno to Selma,
Fresno to Trimmer's Springs and Fresno to Central and Washington
Colonies. Stockholders were to vote on May 18, 1904, upon a proposition to make a mortgage to secure $5,000,000 bonds. V. 78, p. 1222.
Stock
Date. Interest. Outstanding.
BONDS—
Maturity.
Stock, $5,000,000
(?)
Fresno City Ry. 1st M.. ) 1902 6 g, J-J
150,000
Jan. i, 1922
$150,000,g. ($1,000). o* S Cal. Safe Dep. &Tr.Co., San Fran., Trustee.
Bonds-A sinking fund of $3,000 per annum for first 2 years,
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
years commences on Jan. 1, 1905. Bonds cannot be called. Interest
payable in New York and San Francisco.
ROAD-The old Fresno City Ry. operates 10^4 miles of track in and
about Fresno. Standard gauge. 61-ln. T rail.
OFFICERS— President, W. J. Kerckhoff; Mgr., W. H. MoKenzie; Seo.
W. E. Durfty, Visalia.—V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
&
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $500,000. $100
1st mort., $750,000 >
$100,000
1901
5 g. M-S
250,000
Sept. 1, 1941
o* ) Int. at Knickerbocker Trust Co., N. Y., Trustee.
($1,000). gold
Bonds.—No sinking fund and bonds cannot be called.
Road.—Is to run between Gainesville and Dahlonega, a distanoe of
27 miles, with a branoh of 7 miles in Gainesville and to cotton mills,
a total of 34 miles, of which 8 miles has been completed and 15 miles
additional graded. Is expected to be completed in 1904.
Officers.— President, Gen. A. J. Warner, Dahlonega; Vioe-Pres., C
M. Merrictc; Seo. and Treas., W. A. Carlisle.—V. 73, p. 615.
GALESBURG,
ILL.
RAILWAY & LIGHT
GALESBURG
Incorporated
tion of
1
CO.-
Maine in 1904, ana is a consolidahe Galesburg Electric Motor & Power Co. and the Galesburg
OrQANIZATION—
in
Gas & Electric Light Co.
STOCK & BONDS—
Date. Interest. Outstand'g.
Stock, $1,500,000, ($100)
Maturity.
(1)
July 1, 1934
New Mtge., $1,500,000, gold) 1904 5 g. J-J
(1)
c i Int. at Portland Tr. Co., Portland, Me.,tr.
$1,000).
Lt mtKe
G e9
5
3350,000
1915
0W
$3 5
&M
'
:.
-
*'l
Galebs! E, E." &"p.rmtgeV.) 1902 5 cur.M-8, 205,000 Sept. 1, 1912
$205,000, gold ($1,000). o* ? Int. at First Nat. Bk., Galesburg, Trustee.
p» Bonds— The new $1,500,000 issue is subject to call on any interest
date at 106; no sinking fund. L. J. Wertman, President First National
Bank, Galesburg, is trustee of the Galesburg Eleo. Motor
P. Co.
bonds. These bonds may be called 3 years after date at 103.
ROAD—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
£11., extending also to East Galesburg and Knoxville;
also three extensions aggregating 4 miles built and put in operation in 1900. Total,
20 miles. Operates 42 cars. Will build a new power house to generate
current for both the street railway and elec trio-light plant, and will
also do steam heating, see V. 78, p. 2384.
OFFICERS—President, Geo. F. Duncan; Seoretary and Treasurer,
Edward Woodman, Portland, Me.; Manager, H. E. Chubbuok, La Salle.
-V.76, p. 868; V. 78, p. 2384.
&
PEOPLE'S TRACTION CO-A trolley road.
Organization— Incorporated in Illinois on May 10, 1901.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS— Date.
St'k, $170,000, $100
$150,000
1902
1st mort.. $150,000 )
5 g. M-S
150,000 March 1, 1922
gold, ($100) c.*&r.
I
Bonds.— Are subject
Interest at Farmers' & Mech. Bank, Galesburg,
to oall after 10 years at 105. L. A. Townsend is
trustee.
Road- Operates 12^2 miles of track from Galesburg to Abingdon.
Standard gauge, 60-lb. T rail.
Pres., A. P. Higgins; Vice-Pres S. R. Swanson; Sec, Chas. S. Harris;
Treas., J. L. Burkhalter; Gen'l Mgr., T. W. Peterson.— V. 75, p. 1232.
,
GALION, OHIO.
THE
OHIO
CENTRAL
TRAC. CO.-A
This
one
the Pomeroy-Mandelbaum roads.
trolley road.
of
is
Organization— Incorporated on March 1, 1903, under laws of Ohio
and is a consolidation of the former Ohio Central Traotion Co. and the
Mansfield Crestline
& Gallon Ry.
STOCK and Bonds—
Common, $750,000
Date.
Interest.
Outstand'g.
Maturity.
$750,000
Pref. 5% cum., $400,000
400,000
1st mort., $150,000, gold ) 1899
5 g. J-D
150,000 June 1, 1919
($1,000) o*.no s. f
J Int. N.HavenTr. Co., N Haven.Conn., Trust.
Consol. mort., $400,000, \ T *?<» » *•£"* , 250 000. Mch.l, 1923
„.'< Int. at Cleveland Tr. Co., Cleveland, trustee,
**=>nni
ot\\e\
Mow), goia
c
or at Nat. Bank of Commerce, New York.
^
Bonds.— No sinking fund on either issue, but the consol. bonds may
be called on or after March 1. 1908, upon 30 days notioe at 105 and
int. $'. 50,000 of consols are reserved to retire a like amount of first 5s.
The first mortgage was originally $200,000 authorized, but $50,000
canceled subsequently.
EARNINGS- Year to Feb. 29, 1904, gross, $85,581; net, $38,542.
ROAD, ETC.— Owns and operates 29 miles of road from Gallon to
Bucyrus and from Galion to Mansfield, laid with 60-lb. T rails. The
company also owns and operates Seoeaium Park, containing a theatre,
pavilion, bowling alleys, museum, &o.
OFFICERS— President, F. T. Pomeroy; 1st Vice-President, L. M. Coe;
2d Vice-President, M. J. Mandelbaum; Secretarv and Treasurer, L. M.
Wolf; General Manager, Wm. Akins, Galion; Auditor, A. T. Long,
Galion. Gen. oflioes, 215 Garfield BTd'g, Cleveland, O.—V. 76, p. 752.
GALVESTON, TEX.
GALVESTON CITY RAIL W A Y-A trolley road.
In June, 1904, control passed to the present management.
ORGANIZATION— Incorporated in Texas in 1900. Deo. 18, 1900, took
over the property of the old Galveston Oity Railroad, sold at foreclosure, and of the Gulf City Street Ry. <ft Real Estate Co. Road has
been re-built and Improved and a new power house, costing $165,000,
added.
Date, Interest. Outstanding.
STOCK
BONDS—
Maturity.
&
common
8tock,
$400,000
400,000
Jan.,'04,2%
1st mortgage, $600,000 } 1900* 5 g. J-J
Jan. 1, 1941
600,000
gold,$l,000
J Int. at Guaranty Trust Co., N. Y., trustee
Dividends— First dividend on preferred stock— 5 p. c— was paid in
February, 1903. In Jan., 1904, 2 p. o. was paid.
Road— Embraces 36 miles of track.
REPORT— Tears ending Dec. 31—
1903.
1902.
1901.
Gross earnings
$217,781 $177,273 $123,401
Net
64,102
57,797
34,643
Interest charges in 1903, $30,000 and taxes, $7,575; surp., $26,527.
OFFICERS— Pres., B. Adoue, Galveston; Vice Pres., J. H. Langbehn;
Treas Geo. R. Turnbull, New York; Seo. and Asst. Treas., A. Drouilhet,
Galveston; Gen'l Mgr., H. 8. Cooper. -V. 72, p. 87; V. 79, p. 151.
do
pref, 5
p.
c,
n. c.
,
GARDNER, MASS
GARDNER
&
BURG STREET WESTMINSTER
RY/.-In
FITCH-
December, 1899. absorbed the
Gardner Electric Street Ry.; population served 4o,000,
STOCK
&
Bonds—
Stock, $185,000 ($100)
1st mortgage ($1,000)
$1 50,000, g
c*
Date.
)
]
Interest.
Outstanding.
Maturity.
$185,000
1900 5 g. F.-A.
150,000
Feb. 1, 1920
Int. at Mercantile Trust Co. Boston, trustee.
,
STREET RAILWAYS.
1540
Road— Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made
with the Fitchburg & Leominster Street By.; also constructed a branch
line to Waohusett Lake, which was opened for traffic on May 26,
1900. but is operated as a summer branch only. Total, 16 miles.
Earnings For year ending Sept. 30, 1903, gross, $58,518; net,
$20,775; charges, $27,931; deficit, $7,156.
Officers— President, Frederick S. Coolidge, Fitohburg; Vice-Pres.,
E. F. Blodgett, Leominster; Seo'y, Treas. and Gen. Counsel, James A.
Stiles, Gardner; Supt., Chas. A. Jefts, Gardner.— V. 69, p. 1247.
GENEVA,
N. Y.
GENEVALAKE
WATERLOO
SENECA FALLS &
TRACTION-Trolley.
CAYUGA
the
consolidation
of
Organization— Chartered March 18, 1895, as a
Geneva & Waterloo and other companies. The new company owns the
Cayuga Lake Park property of 50 acres.—V. 60, p. 562.
&
Stock
Com.
Bonds—
Date.
Maturity.
Outstan'g.
Interest.
stock, par, $100
Pf. stock, $100,000, $100
$350,000
100,000
lstmort., $500,000 ($500
1895
436,500 Apl. 1. 1920
4 g. A-O
and $1,000) gold.
c* Int. at West End Trust Co., Phila., trustee.
Bonds— $63,500 of bonds are unissued. Interest on bonds was
formerly 6 per oent. but in 1900 rate was reduced, by consent of
bondholders, to 4 per cent
ROAD The road extends from Geneva to Cayuga Lake Park through
Waterloo and Seneoa Falls, 17 miles; sidings, % miles. An extension
to Auburn, 13 miles, is proposed. Rails 70-lb girder and 60-lb. TTrack standard gauge. Operates 25 oars, 1 snow plow, 1 sweeper.
Earnings— For fiscal years ending June 30:
J
.
—
Tear.
Set.
fhross.
Other Inc.
Int.
Surplus.
Taxes.
$7,^54
$397
$28,087
$17,680
$3,250
31,932
11,682
402
17,817
2,835
Officers— Pres., Isaac M. Thomas, Wilkesbarre, Pa.; Vice-Pres.,
W. 8. Grant Jr.. Philadelphia, Sec, Treas. and Gen. Mgr W. C. Gray,
Seneca Falls; Supt., Howard Gray, Waterloo.— V. 60, p. 562.
1904
1903
$78,178
72,614
,
GEORGETOWN, MASS.
GEORGETOWN
.
ROWLEY
RY-A trolley road.
STOCK and Bonds—
Date.
Interest.
& IPSWICH
Outstand'g.
$180,000
180.000
6%
ST.
Maturity.
in '99-1900
June 1, 1920
5 g. J-D
Int. at Mercantile Tr. Co., Boston, Trustee.
$180,000, gold
i
Road-— Owns and operates 18 miles of traok from Georgetown
to Newburyport, with branch through Rowley to Ipswich, where connection is made with the Boston & Northern RR. Rails 60-lb. T and
90-lb girder. Owns 20 cars and 34 electric motors. In Feb., 1901,
a disastrous fire destroyed all the oars. Possesses power house from
which Haverhill Georgetown <fe Danvers St. Ry. is also operated.
EARNINGS.— For year ending Sept. 30, 1903: Gross, $41,221; net
$4,661; charges, $12,629; deficit, $7,968.
OFFICERS.— President, Alfred Rodman, 222 Boylston St., Boston;
Secretary and Treasurer, T. K. Cummins, Boston.— V, 71, p. 135, 341.
)
1900
HAVERHILL
GEORGETOWN & DANVERS
road.
RY.— A
ST.
trolley
Organization.— incorporated in 1895.
Date. Interest.
STOCK and Bonds—
OuUtand'g. Maturity.
6%inl900-01
$60,000
lstmortgage
1899
5
Mch. 1, 1919
35,000
Road—Owns and operates 6-53 miles of track in Haverhill, Groveland and Georgetown.
Earnings.—Year ending 8ept. 30: In 1903, gross, $31,581; net,
Btock, $60,000 ($100)
$12,584; charges, $4,531; surplus, $8,053.
OFFICERS.— President, Alfred Rodman, 222 Boylston
Treasurer and Secretary, T. K. Cummins, Boston.
St.,
Boston;
GIRARDVILLE, PA.
SCHUYLKILL TRACTION CO.-A trolley road.
Organization— Chartered Sept. 26, 1892, in perpetuity, under the
of March 22, 1887. Road opened June 1, 1893.
On Jan. 6, 1893, leased for 999 years the Mahanoy City Shenandoah
Motor Traction Aot
Girardvllle & Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland Locustdale & Centralia Elect. Ry. Owns all
the stock of these two roads, which is pledged under the first mortgage.
On April 27, 1900, leased for 999 years the Lakeside Railway, which
connects the two ends of the company's routes from Mahanoy City to
Shenandoah and purchased 2,600 of the 5,000 shares of the capital
stock. On Jan. 24, 1901, leased the Shenundoah & Pottsville Street Ry.
for 999 years (incorporated Aug. 1, 1900), from Pottsville to Shenandoah, 13 miles, aud bought all its capital stock. The Lakeside and
Shenandoah & Pottsville stock are pledged under .consoL mort.
Stock
&
Bonds—
8tk., $1,500,000,
Miles, Date.
—
com-
mon, $100
<
Interest.
s.
f.
.
is
Bonds may be purchased forsinking fund at 105.
'
5ia
1893 4gM-N
$150,000 Nov. 1,1923
Interest at Equitable Trust Co., Phila., Trustee.
J
....
19014i«gJ-J
582, 676.
GLENS FALLS, N. Y.
HUDSON VALLEY RAILWAY.-A trolley road.
15, 1901, by the PowersOctober, 1902, Mr. Powers disponed of his
Interest] an a consolidation of the (Jlens Falls Sandy Hill <fe Fort
Organization-— Incorporated August
Syndicate
and Saratoga Northern Ry., the capital stock of these roads being exchanged for stock in the new comany. See Chronicle, V. 73, p. 391.
Has contract with the United Traotion Co. giving it permission to run
oars over their tracks into the cities of Albany and Troy. Carries
freight and express as well as passengers.
In April, 1903, leased the North River Ry. Co., a road operating in
Saratoga to a connection with the track of the Hudson Valley Ry., for
48ig years from July 1, 1903, at 4 p. c. on the $200,000 capital stock.
The stock of the North River Ry. is all held in a voting trust in the
Interest of the Hudson Valley Ry. The North River Co. bonds are
guaranteed, principal and interest, by the Hudson Valley Ry.
Outstanding. Maturity.
Interest.
Date.
STOCK
BONDS—
St'k,$3,000,000,par$100
$3,000,000
3,518,000 July 1, 1951
5g. J-J
New Ton sol Mortens { 1P01
Int at Merchants' Tr. Co N. Y., Trustee.
$4 000 000 ($i,uoo)g.c
ooofV 1^ May
»4,uou,uuu
be caUed at 110 & int. on any int. date.
1903
5g.JJ
$200,000 Jan. 1,1952
^OOOOO^f/'^Vooo."^ Qlens Fa
^ 8 Trust Company. Trust* e.
guar." prtof & int?!??...
Underlying dens
GF.S.H'&F.E.lstM. (no) 1891
100,000 July 1,1911
6 Jop.) ($500&$l,000).g.c. (Central Trust Co., N. Y., Trustee
50,000 July 1, 1913
6 J-J
n \ !893
do
qo. 2d
za. m.. f*5onw
($DUO)g.c.
^ Int at Glen8 Fall8 Trust Co., Glens Falls, Tr.
~°
1901
5
A
82,000 Apr. 1, 1921
do dam.(^iou.ooo)
<?d
5ft OftOi I
ao.
£ May be oa u ed at 10o on April 1, 1902 .
6A"°
47,500 Apr 1.1913
} 1893
Still &
*Mech
Still.
Mech. 1st M
r roy N y., Tr.
} Bank of D Powers & gon8i
Still. & Mech. 2d mtge. > 1898
202,500 Apr. I, 1913
cons. $2n0,000
J Glens Falls Trust Co., Glens Falls. Trustee.
Loans June 30, 1904
771,862
Bonds.— Of the $4,000,000 mortgage of 1901, $482,000 is set aside for
&
m
[In
-
—
;
,
!
M
Mm
,
6AO
prior liens.
Report.— For
flsoal
year ending June 30, 1904, gross, $465,219;
total income, $113,697; fixed
other income, $23,454;
charges, $244,708; deficit, $131,012.
net, $90,243;
Road-— Main line extends from Albany and Troy northward along
Hudson through the villages and towns of Waterford, Meohanioville, Stillwater, Schuylerville, Greenwich, Fort Edward, Sandy Hill,
Glens Falls and Oaldwell to Warrensburg. The Saratoga division,
which branches oil irom the main line at Mechanlcville, provides a
line from Albany and Troy to Round Lake, Balls ton and Saratoga,
with a branch from Saratoga Springs to Glens Falls, via South
Glens Falls, which branch in June, 1903, was completed. Total
main line 119 miles, of which 85 miles is over private right of way;
sidings, 6 68 miles: operated under trackage rights, 23*37, making a
total of 134 10 miles of track. Rails 60, 70 and 80 lb. T. Standard
gauge. Operates 160 cars, including 7 snow plows, 2 electric looomotlves and 8 express oars. Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Schuylerville; Fort
William Henry Park and the new Fort William Henry Hotel at Lake
George.
OFFICERS— Chairman Ex. Com. John W. Herbert, New York; President and Gen'l Mgr., A. B. Colvin, Glens Falls; 1st Vice-President,
John W. Herbert, New York; Treasurer. F. L. Cowles, Glens Falls;
Secretary, W. L. Kiley, Glens Falls.- V. 7, p. 146, 349, 451, 950.
-
',
GRAND
RAPIDS, MICH.
RY.-Trolley and
GRAND RAPIDS
In
1900, was incorporated
third
rail.
as a successor company to the Consolidated Street Ry. and the North Park
St. Ry., and owns all the street railway properties of Grand Rapids
and vicinity. Franchises expire in 1919, in 1920 and in 1921.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
8tock.com., $2,000.000<$100>
$2,000,000
Organization, ETC.—
April,
&
-
P
mm
'
000
5
6
i,5oo,ooo
Aug„w*%
.. ^:. .]
p!c'.
;
Jane 1,'16
Gr. Rap. Ry. Oo.'ist M""o ; 1900 5 g J-D 2,885,000
$3,500,OuO, gold, $1,000.. s Int. at N. Y. becurity & Tr. Co., Trustee.
Bonds, Etc.—Ot the new mortgage for $3,500,000, $615,000 Is
reserved for permanent additions and improvements, and can only be
issued for 85 per cent of the cost, and only 'when the net earnings of
the company for the preceding year are equal to. or exceed, double the
interest charge on the total amount of bonds outstanding, including
those to be issued." Sinking fund beoomes operative on Oct. 1, 1905,
payable 1 per cent of bonds out up to Oct. 1, 1910, then 2 per cent ud
to 1915. (SeeV. 70, p. 1149.) Bonds cannot be oalled. Bonds are
on New York Stook Exchange.
Dividends—Dividends on preferred stock are cumulative and l^p.o.
quarterly has been regularly paid up to and including Aug., 1904.
Road— Owns and operates 57 339 miles of track. Equipment, 127
motor oars.
Earnings—The earnings of the property for the years ending Deo.
31 are as follows, the interest shown being the present fixed charge.
listed
Gross.
Tear.
Net.
Int.
<&
taxes
Surplus.
$362,583
$178,475
$184,108
$716,721
171,474
137,922
616,365
309,396
Officers— Pres., Clarence M. Clark, Phil.; Vice Pres., Lester J.
Sec, Treap. and Gen. Man., B. S. Hanchett,
Rlndge, Grand Rapids
Grand Rapids; Asst. Sec, O. FordStevens, Phil.—V.78, p. 45, 287, 702.
1903
1902
HAVEN
GRAND
& MUSGRAND RAPIDS road.
Third
system. The President
RY.—
KEGON
President
the Detroit Ypsllantl Ann Arbor &
Hawks,
J
Eleotrio
D.
105,000 July 1,1951
Interest at Fidelity Trust Co., Phila., Trustee.
Bonds.— The new mortgage Is given to retire all outstanding bonds
and to provide for improvements, extensions and any purchase of
existing properties. Of the $105,000 reported outstanding, $36,000
are held in the treasury. Bonds are subject to call at any time at 105
and interest. Sinking Fund of 1 per cent of bonds outstanding becomes operative on Aug. 1, 1907.
EarnnGS For 12 months to Deo. 31, 1903: Gross, $149,362; net,
$50,753; in 1902, gross, $92,129; net, $23,637.
ROAD— Schuvlkill Traction Division 22^ miles of track, beginning
at Locustdale, thence through Ashland, Holmesvllle to Girardvllle,
forming there a Y, one branch running through Lost Creek to Shenandoah and the other branch to Maizeville, Gilberton and Malianoy City.
Lakeside division, 5 1* miles. Total, 28 miles. Extensions of 43 miles
proposed and charters obtained. Operates 32 cars
Officers— Prest., Powell Evans, Phil.; Sec. and Treas., J. A. MoKee, Phil.; Supt., J. W. Smith, Girardvllle, Pa.— V. 72, p. 242, 284,
Colvln
Edward Street Ry., Warren Co. Ry., Stillwater & Meohanioville St.
Ry, Greenwich & Schuylerville Electrio RR., Saratoga Traotion Co.
;
500,000
1893 5gA-0
500,000 Apr. 1,1943
^
Interest
paid at,Equit. Tr. Co., Trustee. Phila.
'
10,000 yr'ly after
t500.
o*
after Apl. '98....
IstM. Lakeside Ry.,
§., $150,000, guar,
y Schuylk. Trao.
New con. M. $2,000,000, $1,000, gold, o*
Maturity
$1,500,000
$500,000 ($100) pf. I
5%. non-oum
J
1st M. ($500,000), g., } „oi$1,000,
Outsl'ing.
,
the
Organization— Incorporated in Jan., 1899, and is controlled by the
same interests which own the Haverhill Georgetown & Danvers St By.
Stock, $180,000, $100
1st mtge., ($1,000,)
[Vol. t.tyit
is
also
rail
of
Jackson Ry.
Organization-— Incorporated In Michigan on March 6, 1899, to build
an electric road on fenoed rightof way, connecting the three cities named
in the title, a total distance of 48 miles. The road was entirely completed and put in operation about May 1, 1902. The Westlnghouse
Company owns 90 per cent of stook. Thirty-year franchises In all
towns through which it passes; otherwise private right of way.
&
Maturity.
Interest. Outstanding.
Bonds— Dale.
STOCK
$1,200,000
Stock, $1,200,000
July 1, 1926
5g. J J
1.400,000
1st mort., $1,500,000) 1901
c* s Int. at Standard Trust Co., New York, Trustee.
($1,000), gold
Bonds— The $1 00,000 remaining bonds can only be issued from time
to time for acquisitions, betterments, etc The interest on outstanding bonds is guar, for 5 years by the Security Investment Co. of Pltts'gh.
Road Extends from Grand Rapids in a northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Total
track, 48*13 miles; 70-lb. T rail. Operates 15 passenger, 3 express and
one work oar. Road also does a freight business.
OFFICERS— President, James D. Hawks, Detroit; Vice-Pres. and
Gen'l Mgr., H. K. Morley, Grand Rapids; Sec, Wallace Franklin, Detroit; Treas., Carl M. Vail, New York; Auditor. Kirk Lathrop, Grand
Rapids.-V. 71, p. 437, 1219; V. 72, p. 1187; V. 76, p. 479.
.
.
—
GRAND RAPIDS HOLLAND & CHICAGO
RAILWAY
Incorporated
Michigan
July, 1904. and
a
Organization—
in
in
reorganization on Aug. 1, 1904, of the Grand Rapids Holland
Michigan Rapid Ry. See V. 79, p. 627.
Is
<b
Lake
Oct., 1904.
STREET RAILWAYS.
j
ctock &. Bonds—
Pref." $850,000. 6 p. o
Interest. Outstanding.
Bale.
Maturity.
$850,000
500.000
Common, $500,000
1,389,500 Aug. 1.19J0
L.M., ) 1900 5 g. F-A
$1,500,000, gold ($500>Int at American Tr. <fe Sav. Bk., Chicago,
Trustee, or at Guaranty Trust o.. N Y.
)
&$1,000).
J5o»irf«-$l 10,500 of the bonds are held in treasury for improvements, ete. A sinking fund is provided of $5,000 per annum for first 5
years, $10,000 per annum for second 5 years, $15,000 yearly for thir d
5 years and $25,000 per annum for fourth 5 years. Bonds are not
subject to call.
Track— Operates 75 miles of track from Grand Rapids through
Holland to Maoatawa and Saugatuck, with steamer connection at
Holland for Chicago.
Officers— President, Geo. Hendrie: Secretary and Treas. ,'Strathearn
Hendrie.— V. 75, p. 1301; V. 78, p. 702, 768; V. 79, p. 627.
let
mort G.
,
K. H.
&
<.
GREAT FALLS, MON.
FALLS STREET RY.-The property of
GREAT
road was sold at foreclosure in ebruary, 1904, and purchased
this
by
f
John D. Ryai', President Daly Bank <te Trust Co., who is now sole
owner of it. No bonds or other Indebtedness. Comprises 8 a 3 miles of
track; E. I. Holland, Manager.
GREEN BAY, WIS.
FOX RIVER ELECTRIC RAILWAY &
POWER.—Trolley.
This is a reorganization of the Fox River Electric, sold at foreclosure
Jan. 14, 1899. (V. 68, p. 129.) In October, 1899, purchased the McCartney Street line. Population served about 35 000.
Date. Interest. Outstand'g.
Maturity.
Stock and Bonds.
$20,000
Com., (par $100), $25,000
Pf.
5% cum.
($100), 125,000
125,000
115,000
5 g.
July 1, 1919
M. g. (par $50, $100, $500), < 1899
Interest at Milwaukee Tr. Co., trustee.
$150,000
(
Earnings.— for oalendar years:
Qrots.
Operating tap.
Xear.
Net.
$51291
1903
$74,480
$23,189
5i9.766
57,093
1902
17,327
Road—Owns and operates all lines in the City of Green Bay; also
a line from Green Bay to De Pere City, and branch to Duok Creek, 30
miles in all, and a line from Green Bay to Kaukanna, 22 miles; total,
52 miles. 45 and 78-po'ind rail; 22 motor oars, 12 trailers. Further
extension from Green Bay to Manitowoc, from Green Bay to Showano
and from Green Bay to Marinette are contemplated.
OFFICERS— President, A. M. Murphy, Green Bay; Vice President,
W. P. Wagner; Secretary, B. L. Parker, Green Bay; Treas., C. F.
Goodrich; Gen. Man., F. E. Murphy.— V. 68, p. 129.
GREENFIELD, MASS.
GREENFIELD
DEERF1ELD & NORTHAMPTON ST. RY. CO.
Organization— Incorporated in Massachusetts in Oct., 1902. Is an
independent road, though owned by same interests as Greenfield &
Turner's Falls St. Ry. and Northampton & Amherst St. Ry.
Dale Interest. Outstand'g.
Maturity.
STOCK & Bon ds—
$180,000
150,000 July 1, 1923
$150 000 c ( 1903 5 *• JJ
Int at Mercantile Tr. Co., Boston. Trust.
/VFnoo
wi *500
f*
($i,oooana$500
c \
No s. f. and bonds cannot be oalled.
^
Road— Began operating March 18, 1903; has 23 miles of standardgauge road between Greenfield and Northampton, of which 15 miles
owned and 8 miles trackage under 20-year agreement with Greenfield
& Turner's Falls St. Ry. and Northampton & Amherst St. Ry. Ralls,
Stock, $180,000 ($100)
lstmorttfflsft
'
-
HACKENSACK, N. J.
JERSEY
& HUDSON RIVER
NEW
FERRY CO-
GREENFIELD
& TURNERS
FALLS
trolley road.
RAILWAY.-A
STREET
STOCK
&
BONDS—
Date. Interest. Outstanding.
Maturity.
$130,000 5% 1902-03
S
1896 5 g. J&D
83,000 June 1, 1916
fund
( Interest at Beacon Trust Co., Boston,
Cons, mort., $130,000, golds 1903 5 g. J&D
48,000 June 1,1923
c*<Int. at Beacon Trust Co., Boston, Trus,
($500, $1,000)
Bonds— The 1st mortgage (orlgiDally $100,000) provides for the
payment of $2 000 annually from 1897 to 1915, inclusive, at a premium. Sufficient of the consols are reserved to retire the first mortgage bonds at maturity.
Stock, $130,000, ($100)
1st mortgage, gold, sinking
Road— Greenfield to Cheapeide, Lake Pleasant, Miller's Falls, Montague City and Turners Falls; total track, 17*3 miles.
Earnings— For year ending Sept. 30, 1903, gross. $62,786; net,
$27,450 fixed charges, $8,227 dividends, $6,138; surplus, $13,085.
Officers— President, Fred'k E. Pierce; Treas., D. P. Abercromble
Jr.; Superintendent, J. A. Taggart.— V. 77, p. 1225, 2098.
;
;
GREENVILLE,
,
—
Paterson. The Hackensack line was opened on June 21, 1900. Extension to Areola and Paterson of 5 miles was completed and put in
operation April 1, 1903; the cars of this company operating to Main
and Broadway, the business centre of Paterson, under trackage rights
903 the property
from the Public Service Corporation. During 190
of the Ferry Co. was reconstructed, new ferry boat built and new
ferry house t-reoted.
Officers— Pres A. Merritt Taylor; 1st Vice Prest., W. H. Clark;
2d Vice Prest. & Gen'l Manager, F rank R. Ford, 24 Broad St., N. Y.;
Secretary and Treas W. N. Barrows. General offices, Edgewater, N.J,
-V. 72, p. 242; V. T5, p. 1202; V. 77, p. 2390.
M
,
HUDSON RIVER TRACTION-
ORQANIZATION— Incorporated in New Jersey on March 22, 1902.
Control of stock is owned by the N. J. & Hudson River Ry. & Ferry Co.,
which leased this company on July 1, 1904, until March 1, 1950, rental
being net earnings of ttoe lessor company— after the payment of fixed
charges ap to 4 per cent per annum on the preferred stock. On
Sept. 1, 1903, purchased at foreclosure sale the Newark
Haokensack
Traction Co. and took possession of the property on Sept. 25.
Date. Interest. Outstanding.
Maturity.
Stock & Bonds—
<fe
$1,000,000
235,100
5 g M-8
364,000 Mar. 1 , 1950
5 Int. at U.S. Mort. & Tr. Co.. N.Y., Trustee.
($1,000)
BonaB—Are subject to oall on any int. date at 110. No sinkiDg fund.
Road— Ownsandoperatesl6 9m.c>f track from Hackensack through
Hasbrouck Heights, Woodridge and Rutherford to Arlington, where
through connection to centre of Newark is made over the tracks of the
Public Service Corporation. On May 16, 1904, opened a new line from
Hackensack via Hasbrouck Heights to Passaic and from l.odi to Passaic, operated In conjunction with the Public Service Corporation.
EARNINGS— Including old Newark, <6 Hackensack Traction for 8 months
for year ending Deo. 31, 1903, gross, $42,907; expenses, $38,569; sur-
Com., $1,000,000, ($100)..
Pref. 4% none, $500,000..
1st mort. $1,000,000, gold 1 1902
,
plus, $4,338.
OFFICERS— President, A. M. Taylor, Phila.; Vice Pres. & Gen. Mgr.
Frank B. Ford. 24 Broad St., N. Y.; Seo & Treas., Wm. N. Barrows
Edgewater, N. J., General Offices, Edgewater, N. J.—V. 78, p. 47.
HAGERSTOWN, MD.
GREENVILLE TRACTION
Organization -Incorporated
STOCK
& Bonds—
in
Date.
trolley road
Sept. 7, 1899.
Outstanding.
Maturity.
Stock, $500,000. $100
$306,000
1st Mtg, $250,(00, cur.
1901
5 F.-A.
250,000
Feb. 1, 1931
($1,000
$500) ... .c* * Int. at Girard Trust Co., Phila., Trustee.
Road.— Operates 10 miles of track.
<,
&
OFFICERS-Prefident, Joseph S. Keen Jr.; Vlce-Pres.,Harold P. Keen;
Sec'y, H. Bayard Hodge; Treas., Geo. M. Bunting; Manager, J. H.
Dawes, all of Philadelphia; Superint'nd'nt, Geo. H. Bliven, Gieenviile.
GREENWICH, CONN.
GREENWICH TRAMWAY CO.-A
trolley road.
Organization.— Incorporated
charter in June, 1893.
in
Connecticut
Is controlled in
same
under perpetual
interests as N. Y.
&
Stamford Ry., forming a continuation of the latter's line.
Date. Interest. Outstand'g. Maturity.
_ STOCK & BONDS.
Stock, $600,000 ($100),
$300,000
..
1901 5 £ J_J
305,000 July 1,1931
1st mort'ee $400 000? ,
Bt atN Y. Security & Trust Co., New York.
($1 ,uuuj
wi
000) goia,
eold o
o.
.
M gtate Trea8> Qf Connecticut! TruBtee
-
,
Earnings— For
. .
^
trolley road.
years. No longer
12, 1896, for
has city contract, but furnishes commercial electric lighting.
Interests Identified with this company in July, 1901, purchased a
majority of tbe stock and all of the bonds of the Myersville
Catoctin
Eleotrio Ry.,but shortly thereafter directors of the latter made a new
lease of the road to the Frederick
Mlddletown Eleotrio Ry., which
Organization—
&
&
see on a previous page.
BONDS— Capital stock, $200,000; par, $50. First mortSTOCK
gage is for $200,000 gold 6 p. c. bonds, dated 1896, due May 1, 1916,
Interest, Q.— F., at Bank of Eavey Lane & Co., Hagerstown, trustee.
ROAD— Hagerstown to Williamsport and Funkstown, 13 m. of track.
Under the name of the Hagerstown & Boonsboro Ry. Co. an extension of 10 miles was built in 1902 Funkstown to Boonsboro; total 23
miles of track. The Hagerstown & Boonsboro has $120,000 stock and
$120,000 bonds. An extension of 7*2 miles is under construction
from Boonsboro across South Mountain to Meyersville, where connection will be made with the Frederick
Middletown Railway. This
extension is being built by the Hagerstown « Meyersville Ry., which
in Sept, 1904, made a mortgage for $125,000. Line is expected to be
completed Nov. 1, 1904.
OFFICERS— President, Christian W. Lynch; Treasurer. Wm. Jennings;
&
&
and
Supt.,
CO.-A
South Carolina on
Intertst.
RAILWAY.-A
HAGERSTOWN
Chartered March
40
Sec.
S. C.
-
.
year ending June 30, 1903, gross, $46,419;
and taxes, $13,433; surplus, $5,023.
ROAD.— Extends from Portchester, N. Y., where it connects with
fiscal
net, $18,456; interest
the traoks of the N. Y. & Stamford Ry., to Stamford, Conn., 8 miles,
and forms a link in the through trolley system from New York
to Boston. Entrance into Stamford is obtained over the tracks of the
Stamford Street RR. Entire road Is now completed. Has 27 cars.
OFFICERS.— Pres., Chas. A. Singer, Larchmont, N. Y.; Treas., J. Neilson; 8ee.,R. J. "Walsh. Office, Portohester, N. Y.— V. 74, p. 326.
RY- &
ORGANIZATION— Incorporated at Trenton, N. J., on Feb. 27, 1900. as
a consolidation of the Bergen County Traction Co. and the Ridgefleld
and Teaneck Ry. Co. See V. 70, p. 430. This company owns the entire
capital stock of the Riverside & Fort Lee Ferrj Co. (owner of the
West 130th Street Ferry), the Highland Improvement Co., and leases
the Hudspn River Traction Co., which see below.
Date. Interest. Outstanding. Maturity.
Stock & Bonds—
$1,000,000
Stock, common $5,000,000
Stock, pref. $750,000 6 p. 0. )
See below.
650,000
s
cum
1,658,000 Mar. 1, 1950
1st mort., $5,000,000 gold J 1900 4 g. M-S
<Int. at U.S.Mtge.&Tr.Co.,N.Y., Trustee.
($1,000) o*
364,450
"Other debts" Dec. 31 1903
Bonds— Of the original $1,500,000 bonds, all except $119,000 have
been exchanged for new 4s and canceled, and these are now being exchanged. Bonds can be oalled on and after March 1, 1905, on any
interest day, at 105 and interest, upon six weeks' notice.
Dividends— The first dividend of 5 per cent on pref. stock was paid
on Feb. 15, 1901. In Feb., 1902, 6 per cent was paid. In Feb.. 1903. a
scrip dividend of 6 per cent was paid. In Feb., 1904. the 1903 scrip
dividend was paid in cash and a new scrip dividend of 6 p. o. paid.
Earnings— For calendar year 1903 gross (including other inoome)
$199,881; operating expenses, $83,276; net, $116,605.
ROAD Owns and operates 20 miles of road from West 130th St., New
York City (terminal at Edgewater), to Englewood, Hackensack and
60-lb. T.
Officers— President, F. E. Pierce: Sec. and Treas., D. P. Abercrombie Jr.; Supt, J. A. Taggart.— V. 77, p. 2098, 2390; V. 78, p. 102.
1541
W.
O. Hepperle.
HAMMOND,
IND.
HAMMOND WHITING & EAST CHICAGO
ELECTRIC RAILWAY-A
trolley road.
ORGANIZATION—Chartered
Franchise has been extended to
1954. Controlled in interest of South Chicago City Ry. V. 62, p. 86.
Miles. Date. Interest. Outstand'g.
Maturity.
STOCK
Stock, $1,000,000.... 23
Q-J
$500,000
See text.
In March, ]904, retired the $100,000 bonds with $100,000 ttock.
in 1892.
—
V. 79, p. 103.
Dividends. 6 per cent per annum is being paid.
ROAD—Owns 23 miles of track, extending from State line to Whiting,
EastCbioago and Hammond, and operates in connection with Soutfi
Chicago City Hy. to 63d St. and Madison Ave. in Chicago.
OFFICERS— President, D. F. Cameron, Chicago Vice-President, D. M.
Cummings Secretary & Treasurer. O. S. Gaither.— V. 79, p. 103.
—
;
;
'
HARRISBURG, PA.
CENTRAL PENNSYLVANIA TRAC CO-Orqanization— Incorporated in Pennsylvania in June, 1903, with
$2,100,000 capital, (10% paid in) and leased the Harrisburg Traction
Co. and subsidiary lines at a guaranteed rental of 6 per cent. The
Harrisburg Traotion Co. stockholders were allowed to subscribe for
the new stock, share for share; nas no bonds. On Oct. 17. 1903, acquired a majority of the S200.000 stock of the Peoples' Bridge Co.
The Linglestown & Blue Mountain Ry. Co , which is controlled, was
put in operation to Linglet-town on July 1, 1904.
Earnings— For fiscal year ending June 30, 1904, gross, $522,022;
net, $244,023; rentals, taxes and interest, $1 "t.3'r>l; surplus, $49,666.
Officers— Pres., F B. Musser; Vice-Prep., B. F. Myers; Sec. &Treas.,
W. J. Calder.— V. 77, p. 195, 400, 950; V. 79, p. 626.
STREET RAILWAYS.
1542
(1) HARRISBURG TRACTION—A trolley road.
In Jane, 1903, was leased to the Central Pennsylvania Traotlon Co.
at 6 p. o. on stock. A stock dividend of 5 per cent was paid at that
time, increasing outstanding stock to $2,100,000.
Par. Date. Interest. Outstand'g. Last Div.
BONDS—
STOCK
Harrisburg Traction,
stock, $2,500,000...
50
Text.
$2,100,000 See text
Citizens' Passenger— <
1894 6g. M-N
75,000 May 1,1924
1st M., $75,000, gold ( Int. at Com'wealth Guar. Tr. Co., Harrisburg
Leased to E. Har. Pass. By.
Harris. City Pass. stk..
25
12 J-J
$125,000 Lease rent
MiddletownH.&S.stk.
50
10 J-J
100,000 Lease rent
The Traction Co. holds in Its treasury $700,000 (all) stock of the East
Harris. Pass. Ry. and $235,000 (all) of Citizens' stock. V. 60, p. 873.
DIVIDENDS—The dividends in February and August, 1899, aggregating 4 per cent, were paid in stock, the money being used In reducing
floating debt. Dividend period changed to quarterly, and 1 per cent
paid in cash Oct., 1899. In 1900, 4 p. o. Dividends again changed to
semi-annual and 2** p. o. p lid Feb. 1, 1901. and 2^ p. c. on August. 1.
In 1902, 5 p. o. In 1903, 6 p. c, also scrip dividend of 5 p. o. on Aug. 1.
In 1904, Feb., 3 p. o Aug., 3 p. o
Road Leases and operates 47 miles of track as follows East Harrisburg Passenger, 24 miles; Citizens' Passenger, 6 miles; Harrisburg City Pass., 5 miles; Middletown Highspire & 8teelton Pass., 12 m.
OFFICERS—Pres., Edward Bailey; V.-Pres., B. F. Myers; 8eo. and
Treas., W. J. Calder; 8upt. and Pur. Agt., F. B. Musser.— V. 77, p. 196.
&
—
;
—
:
VALLEY TRACTION CO -A
trolley road.
understood to be controlled by the Cumberland Valley RR.
ORGANIZATION.— Incorporated on Nov. 18, 1903, and leases the
Harrisburg <te Meohanioaburg Eleotrlo Railway Co for 985 years.
Through this lease controls the White Hill & Mechanlcsburg Eleotrio
Ry.,the West Fairvlew & Maryeville Electric Ry. and the Fairview &
Riverton Passenger Ry. Has also acquired the Harrisburg & West
Fairview and the Marysvllle & White Hill; likewise, the Baltimore
Westminster & Gettysburg Elect. Ry. and the South Middletown
Ry. Co. Owns 1 ,550 shares of stock of the Baltimore Turnpike Co.
Is
&
Maturity,
Date.
Interest. Outstand'g.
BONDS—STOCK
Stock, $1,000,000, $50. ...
$552,000
1903
470,100 Oot.1,1933
1st Mtge., $700,000, gold >
5g. A-O
($100
$500)
o* Slnt. at Farmers' Tr. Co.. Carlisle, Pa., Tr.
Bonds.— Are subject to call after Oct. 1, 1908, at 110. A sinking
fund of $5,000 per annum commences Oct. 1, 1908.
Road.- Operates 23 miles of traok from Harrisburg to Mechanicsburg, to Marysville, and to New Cumberland, Harrisburg and White
Hill. Gauge, 5 ft. 2 in.; 50 and 100 lb. girder and T-rail.
Officers— President, M. O. Kennedy, Chambersburg; Sec. -Treas.,
W. L. Ritchie, Chambersburg.- V. 78, p. 1393.
&
#,
\
V
)
HARRISBURG & MECHANICSBURG ELECTRIC RY. CO.-
A trolley road. Was leased on Jan. 1, 1904. to the Valley Tract
Co. for 985 years. Incorporated May 7, 1892. In 1903 acquired the
entire $50,000 capital stock of the West Fairview
Marysville Electrlo Ry.; also controls the White Hill
Mechanlcsburg Ry. Operates
7 miles of track.
Date. Interest. Outstand'g. Maturity,
STOCK
BONDS—
Stock auth., $225,000
$144,500
1st mort., $224,000, gold....
1894 6 g. M-S
144,500
Sep.,1914
Interest Is payable at office of trustee, the Harrisburg Trust Co.
&
&
&
CARLISLE & MECHANICSBURG STREET
RY.-Thls
a reor(2) ganization of the Cumberland Valley Traction, sold in June, 1904,
under foreclosure of its first mtge., a majority of the $270,000 bonds
having been held by the Valley Traction Co., whioh is now In control.
Road.— 18 miles of track between Carlisle and Meohanlosburg.
Gauge, 5 ft. 2 in., 58 lb. T. and girder rail.—V. 78, p. 1392.
is
HARTFORD, CONN.
MANCHESTER & ROCKHARTFORD
VILLE TRAMWAY COIncorporated
Connecticut on June
In
Orqanization—
STOCK & BONDS—
Date.
6,
Interest.
1894.
When due.
Outstand'g.
Stock $500,000 (par $100)
$300,000
200,000
Oot. 1, 1924
1st M., $300,000 ($1,000). g. 1894 5 A-O
Road—Operates 18 75 miles of traok, extending to Manchester, Tal-
and Rockville. 56 lb. T rail, 43 cars.
Earnings—Twelve months ending June 30, 1904, gross, $139,704;
Stock
&
[Vol. lxxix.
BONDS—
Par.
Interest.
Outstanding.
Dividend.
$189,000 ^ e paid)
Road—Operates 13!a miles of traok laid with 56-pound T rails, 10
miles of which it owns and upon 3*2 miles it has trackage rights.
EARNINGS -For year ending Oct. 19, 1903, gross, $38, 274; net, $531;
other inoome, $150; total income, $681.
OFFICERS—President, Henry A. James, Lakewood, N. J.; Vio»President, D. Newton Barney, Farmington; Secretary, Treasurer and
Gen'l Mgr., E. D. Robbins, Wethersfleld, Conn.— V. 69, p. 283.
Stock, $189,000
$100
....
HAVANA, CUBA.1902
Population in 1899 was 242,000 and
in
275,000.
trolley road.
In New Jersey for
HAVANA This
ELECTRIC RY.-A
company was Incorporated
Organization—
the purpose of acquiring the Ferro Carril Urbano y Omnibus de
Habana (Havana City Ry.
Omnibus Co.), whioh was organized in
1876. Franchise runs until 1958. Has also the right to oarry freight
over parts of the system. Subscriptions for the new bonds were
received in June, 1902, by Edward Sweet <fe Co. In the United States
and by London and Montreal houses. V. 74, p. 1251. Owns entire
($2,500,000) stock of the Insular Ry., whioh has constructed a road
from Havana to Marlanao. The Insular Ry. Co. has no bonded debt.
The projected Havana
Jaimanltas Is said not to be a competitor.
See V. 75, p. 906.
Interest.
Outstand'g.
Date.
Maturity.
STOCK
BONDS—
Com., «7,f 00.000, f.p
$7,500,000
Prf.6%non-o.,$5,000,000
5,000,000
Consol M., $10,000,000, ) 1902 5 g. F.-A.
8,250.000 Feb. 1,1952
Kold ($1,000), s. f ..c* 5 Central Trust Co., New York, Trustee.
Bonds— Of the $8,250,000 outstanding, $6,600,000 was reserved to
retire $6,350,000 prior liens (of which over 80 per cent has been
exchanged); $1,750,000 are reserved for future corporate purposes.
sinkiny fund of $52,800 per annum commences Jan. 1, 1906, on the
outstanding $8,250,000 bonds; and if any additional bonds are issued
sinking fund is to be increased correspondingly. Bonds may be called
for sinking fund after 1906 at 105, and entire issue can be redeemed
at 105 and interest on any interest day on and after Feb. 1, 1907, upon
six months' notice. Interest since Feb. 1, 1903, has been deposited
in a speoial fund, and current interest is being deposited weekly.
EARNINGS-— For the calendar years (in American currency):
1903.
1902.
Passenger earnings
$1,061,729
$864,865
&
&
&
.
A
Other income
22,779
7,407
$1,084,508
641,832
$^72,272
559,429
$442,676
412,441
$312,843
334,704
o....
Gross income
Operating expenses
Netearnings
Interest, taxes, eto
eur.$30,235
def. $21,861
22 miles of traok.
OFFICERS— Preo., Edwin Hanson, Montreal, Quebec: 1st Vlce-Pres.,
W.
Bull, New York; Sec. and Treas., A. Marous, New York; Gen. Mgr.,
G.F.Greenwood, Havana.— V 78, p. 1446, 1494, 1502.
Balance
ROAD— Owns and operates about 48
L
HAVERHILL,, MASS.
HAVERHILL & AMESBURY STREET
—Trolley road.
STOCK
&
BONDS—
$100
Black Rock &Salisb'y Beach
Date.
Interest.
1891
Seetext
5g J - J
Stock. $250,000. par
1st mortgage, gold.
J
t
RY.
Maturity
$150,000 Oct.,'97, 3%
94,000 July 1, 1911
Outstanding.
Interest at International Tr't Co., Boston.
196,000 July 1, 1912
< 1892
5g. J - J
M. $290,000 g., $1,000.. c*1* I Int. at Am. Loan & Tr. Co., trustee, Boston.
D
200.000
Deo. 1, 1911
6 J
$ 1896
Debenture notes
Interest at Am. Loan & Tr. Co., Boston.
Haverhill AAmesb'yConsol.
(
196,908
i.oans pay'ble 8ep.30,1903
Dividends—None since Oct., 1897.
ROAD— Has 28 miles of track, including sidings, eto.
Annual Report— For years ending Sept. 30 earnings have been
Bal.
Net.
Int., Taxes, die.
Oross.
def.$2.325
$38,225
$109,390 $35,900
1902-1903
113,938
1901-1902'
37,719
sur.220
37,499
Officers— President, E. P. Shaw, Newburyport, Mass.; 8eo. and
Treas., Geo. A. Butman; OfHce. 8 Congress St., Boston.— V. 68, p. 672.
ootville
and taxes, $18,229 surplus, $11,968.
OFFICERS— President, M. S. Chapman; Vlce-Pres. and Treas., R. O.
Cheney ; Sec, Chas. Sloan, all of South Manchester, Conn.
net. $30,197; Interest
;
RAIL WAY-A
HARTFORD STREET
on July
trolley road.
1, 1862, as the Hartford &
Organization— Incorporated
Wethersfleld Horse Ry., and changed to present title on Oct. 4, 1893.
Date. Inter' t. Outstanding. Last div., die.
STOCK & BONDS—
8tock ($2,000,000, par $100)
6 Q- J $1,000,000
Oct., '04,
1^%
"^
E t
1897 5 J "D
200 000
Deo *•
gu a?.'*ed! Dea t lloo!!! 1
1900
4g.M-S. 2,500,000
New 1st mort., $3,000,666)
Sept. 1, 1930
0* Conn. Tr. A Safe Dep. Co., Hartford. Trus.
gold ($1,000)
'
-
J
1903 4 M-8.
4**
1«03
115,000
1933
145,000
1933
Interest is payable at Connecticut Tr. & Safe Dep. Co. Hartford, Conn.
Dividends. -Six per cent dividends have been paid for many years.
Road— Lines extend to Wethersfleld, West Hartford, Windsor. East
Windsor, East Hartford, South Glastonbury, Newlngton, Burnslde and
Rainbow, in all 9244 miles main track. Total track, 9642 miles.
Standard for the city is 90-lb. girder rails, 107-lb. groove, and In the
country 70-lb.T rails. Cars: Closed, 110; open, 101; other, 61.
East Hartford&Glastonbury Horse RR. (name changed in 1899 to East
Hartford & Glastonbury Street Railway) is controlled by ownership
The Newlngton
of stock and leased lor 30 years from 1897.
.Tramway, from Newlngton Church to Hartford, was purchased in
line
from
Hartford
to New Britain Is operated via
1897, and a through
the Connecticut Ry. & Lighting Co.
Earnings— For fiscal years ending June 30:
Net.
Int. <& taxes. Dividends. Bal,,sur.
Oross.
$257,057
$178,589
$60,000
1904
$897,123
$18,468
245,263
813,798
165,165
1903
60,000
20,098
19t-2
243,668
146,455
780,558
60,000
37,213
254,057
150,924
737,871
60,000
1901
43,133
OFFICERS— President, E. S. Goodrich; Vice-President, Samuel G,
Dunham; Sec. and Treasurer, Daniel R.Howe; General Manager, N.
McD. Crawford, all of Hartford.- V. 73, p. 1160; V. 74, p. 94.
Debentures
Debentures
,
FARMINOTON STREET RAILWAY.-Trolley.
Organization— This is the Hartford & West Hartford Horee RR.
sold in foreclosure August 1, 1 899. New company organized, and began business on Oot. 19, 1899. Old bondholders received stock In
exchange for their bonds. No bonds now.
HAZLETON, PA.
& HAZLETON RR.WILKESBARRE
New Jersey May, 1901, and acquired
Incorporated
ORQANIZATION—
in
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the
Wllkesbarre & Hazleton Railway Co. (Pennsylvania incorporation)
and deposited the same, together with $140,000 (entire issue) of the
Lehigh Traction Co.'s 5 per cert certificates of indebtedness and $922,200 of the stock of $1,000,000 of the Lehigh Traotlon Co.. as security
for the Wllkesbarre & Hazleton RR. Co., issue of first collateral trust
mortgage 5 per cent gold bonds. V. 72, p, 1281.
Franchises are 999 years in and around Hazleton and perpetual
from Hazleton to Wllkesbarre.
Maturity.
Date. Interest. Outstand'g
BONDS—
STOCK
$2,500,000
8tk.,ooin.,$2,500,000($100)
&
6% non-oum.
183.800
$500,660
Coll. tr. mtge. ,$2,500,000 < 1901 5g.MfeNiB, 1,900,000
Stock, pref.
May
15,
1S51
e* l Int. at Guaranty Tr. Co. N. Y. Trustee.
gold ($1,000)
Bonds— Of the authorized Issue of $2,500,000 collateral trust bonds,
$600,000 are reserved to retire all bonds of the Lehigh Traction Co.
A sinking fund of $20,000 per annum, commencing June 1, 1908, Is to
be invested in the coll. trust bonds or in bonds purchasable by savings banks In N. Y. State. Pref. stock can at option of oompany be
changed at any time Into the bonds of the company at par, said bonds
to bear not less than 5 p. 0., or may be redeemable, at par In cash.
OFFICERS— Pres., A. Markle; Vlce-Pres., John B. Prioe; Treas., N. O.
Yost; Sec. E. 8. Doud.— V. 77, p. 252; V. 78, p. 289.
,
(1 )
,
LEHIGH TRACTION CO.—A trolley road.
Organization— Chartered Nov. 7, 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each
&
Suburban Eleo. Ry., capital $30,000; Hazle. & South Side
the Hazle.
North Side Electrio Ry.,
Electric Ry., capital $75,000; Hazleton
capital $75,000. The $140,000 certificates of indebtedness and $922,200 of Lehigh Trac. stock are deposited as seourlty for the Wilkesb.
& Hazleton RR.
STOCK
&
&
bonds.
BONDS—
Date.
Stock, $1,000,000, $100
1st mort., $500,000, gold, >
$100, $500, $1,000.. c* S
Certliio'es of indebtedness
Interest.
Outstand'g.
$1,000,000
Maturity.
--
500,i>00 June 1, 19 23
1893 5g. J-D
Markl6Bkg. & Trust Co., Hazleton, Trustee.
140.000
1925
55,000
Carbarn bonds, $55,000... 1895 5g MS
1925
1895 5g. A-O
30,000
Hazle Park bds., $60,000
Road.— Operates 27 miles of track, new steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton, to York.
;
:
Oct., 1904.
STREET RAILWAYS.
j
town (connecting with Penn. RR. and Lehigh Valley RR.), to MoAdoo
(south) and Mllnesville, Latimer Mines and Freeland (north).
Traffic in 1902 was reREPORT.-For fiscal year ending Dec. 31
duoed by anthracite coal miner's strike.
:
Balance.
sur. $26,508
$40,864
$67,372
$144,467
1903
sur.
40,395
43,340
2,945
100,950
1902
sur. 35,053
39,041
74,094
131,426
1901
Officers— President, C. W. Kline; Vice-Pres., W. H. Lawall; 8eo.,
E. 8 Doud, Treas., N.O.Yost; Gen'l Mgr [A. Markle; 8upt., G. W.
Thompson.-V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279.
Gross
Year
Int., I axes, etc.
Net.
,
(2)
WILKES-BARRE & HAZLETON BY.— A
trolley,
steam and
under General RR. law
Aot of April 4, 1868, State of Pennsylvania. The Wilkes-Barre A
Hazleton RR. owns the entire stook and bonds.
Organization— Chartered Deo.
13. 1899,
&
Outstand'g.
Interest.
Maturity.
Date.
Bonds—
STOCK
$1,500,000
8ock, *l,50l>,O0i>,f.p
1901
1,500,000 May 1, 1951
5 g. M-N
1st M., $1,500,000, £
gold
5 Interest at -Guaranty Trust Co. N. Y. Trustee.
Road— Owns 27 miles of road from Hazleton to Wllkes-Barre, and
oses for terminals 1 mile L. T. Co. traok at Hazleton and 2 miles W.
total, 30 miles, commenced
B. & W. V. T. Co. track at Wilkes-Barre
partial operations on Jan. 12, 1903, and remainder on May 1, 1903.
REPORT- For year ending Deo. 31, 1903; Gross. $89,801; net,
$43,110; other income, $1,308; interest $16,993; balance, $27,425.
Officers— Pres., A. Markle; Vice-Pres. and Purchasing Agent,
Geo. W. Thompson; Treas., N. C.Yost; Sec, D. T. Evans; Gen. Man.,
A. Markle; Compt., E. S. Doud; Traffic Manager, A. F. Harger.
,
,
;
HELENA, MON.
road.
& TRACTION-A
HELENA LIGHT
Montana as successor the
Incorporated
1902
trolley
in
in
to
Organization—
Helena Power & Light Co., sold at foreclosure. Controls the Helena
city's
entire
street
railways,
gas
Gas Light & Coke Co comprises the
:
and
electric-light plants.
STOCK
& Bonds—
Miles. Date.
Interest.
Outstand'g.
Stock, ?25O,0OO ($100)
Maturity.
$250,000
HelenaL't&TractlstM
1902
225,000 July 1,1922
6g. J-J
$500,000,g, ($1 ,000) o 5 Int.at Federal Tr. Sav. B'k, Chicago, Trustee
Bonds.— Are subject to call after 2 years at 105 and Int. No s. t.
Road—Owns
I
....
&
17 miles of trolley track.
OFFICERS— President, T. A. Marlow; Treasurer, A. L. Smith; Secretary, H. L. Walker.— V. 75, p. 240, 1086, 1256.
(1) HELENA GAS LIGHT & COKE C 3.— Controlled by Helena
Light & Traction Co. It has the following bonds out
BONDS—
Miles,
Hel.Gas-Lt.&C.lstM.
$175,000 ($1,000)
Outstand'g.
Interest
''ate.
J-J
1890 6
Maturity.
$175,000 July 1, 1910
>
....
5
Int.at Minneap.Tr.Co.,Minneap.,Mlnn.,Trustee.
HEMPSTEAD,
NEW YORK & LONG
—A
trolley road
N. Y.
ISLAND TRACTION
& Freeport Tractiou (incorporated on Feb. 27, 1899), but name ohanged as
above or Julyl, 1902, and stock increased from $125,000 to $1,000,000.
Date. Interest. Outstand'g.
Last Div
BONDS—
STOCK
Organization— This was formerly the Mineola Hempstead
&
Common, *750,<o0 ($50)
Pref. 5% oum.,$250,000 ($50)
1902
1st Imtee $1,000,000,
$1000 000 goia
irold >
(
1
Int
1 S:
^
I'
M _N
-
$750,000
250,000
Trolley.
Organization— Incorporated in Hawaii in July, 1898. Franohise
runs tor 30 years, and permits the carrying of freight and mall as well
as passengers. E. H. Rollins & Sons, Chicago, offered the bonds in
June, 1902. In Oct., 1902, bonds were listed on the San Francisco
Stook and Bond Exchange.
In 1903 purohased the Hawaiian Tramways Co. (having outstanding
*65,000 stock and £30,000 6 per cent debentures and comprising 12*9
miles of traok); payment being {made by the issue of $150,000 6 p. 0.
bonds of the Rapid Transit Co.; 910 shares of preferred stook and
$59,150 in cash.
None
-
&
~. us r...
-
Common
Pref. 6%
Nov.
1,
1942
Road- Operates an electric line connecting Mineola, Hempstead
and Freeport, 9*5 miles. Also operates line from Hempstead west 10
miles, to Queens, where connection is made with the tracks of the New
York & Queens County Ry. Operates altogether about 22 miles of
traok. Ail franchises have been secured, including one of 2 s years
duration in New York City. Is also constructing a road 16 miles long
from Freeport westerly via Rookville Centre. Lynbrook and Valley
Stream, to a connection with the Kings Co. Elevated Ry. at Brooklyn,
which has been completed to Valley Stream. A line will be built later
to Long Beach and also one to Babylon.
OFFICERS— President, Geo. A. Stanley, Cleveland; Vice-Pres. and
Gen'l Mgr., Chas. S. Thrasher, Hempstead; Secretary, Jas. A. MacElhinny, New York; Treasurer, J. R. Nutt, Cleveland, O.— V. 74, p.
1038, 1355; V. 75, p. 77, 498; V. 76. p. 919; V. 78, p. 769.
BONDS—
Date.
Interest. Outstand'g.
Maturity.
4 Q-M31 $800,000Sep. 30 '04,1%
J-D
6
341,500 See text
( 1902
6g. M-N
647,000 May 1, 1927
1st mort., $1,000,000, gold, J Interest at Union Tr Co., San Franoisco,
0*
Trustee, at NatT City Bank, New York,
($1,000)
or at company's office, Honolulu.
Bond*.— The $647,000 reported outstanding above inoludes $10,000 earlier bonds due in 1920 which have not yet been exchanged; $353,000 bonds reserved for extensions at the rate of
$15,000 per mile, or for acquisition of other street railways. All
bonds may be called on May 1, 1917, or on any Interest day thereafter. For bonds numbered from 1 to 460, 3 p. c. of the amount outstanding shall be set aside each year from May 1, 1907, to May 1, 1926,
as a sinking fund. For the remaining bonds (numbered 461 to 1,000),
on the 1st day of May after their issue and each year thereafter till
1926 uoh sums shall be set apart the principal and interest of which
compounded at 5 p. c. would equal the par value of the amount of
bonds then Issued and outstanding, as a sinking fund. These sinking
funds to be used, respectively, In the purchase of the bonds for which
they are created, after advertising or in the open market, at a
prioe not to exoeed a 4-per-oent basis, or at such higher price as may
be agreed upon between the company and the trustee.
Dividends— Six per cent is being paid on pref. stook. On common,
Deo. 31, 1903, 1 p. 0. In 1904, Maroh 31, 1 p. c; June 30, lp.c;
($800,000) $100
($500,000) $100
1
I
1
Sept. 30, 1 p.
0.
Earnings— For year ending Deo.
31, 1903, gross, $279,873; net,
$127,354; other Income. $4,446; fixed charges, etc, $41,607; div.
$30,955; surplus, $59,238. For 1902, gross, $188,882; net, $82,642.
Road- Operates 22*529 miles of traok, inoludlng extension of 8 miles
to Waiklki Beach oompleted in February, 1903. Gauge, 4-ft.; 85-lb,
rails; 35 vestlbuled motor oars and 10 trailers; 800 h. p. generators.
OFFICERS- President, L. T. Peck; Vice-Presid't, L. A. Thurston;
Secretary, Geo. P. Thielen; Treasurer, C. H. Atherton Auditor, F. WKlebahn; Manager, O. G. Ballentyne.— V. 77, p. 2035.
;
HOOSICK FALLS, N. Y.
& HOOSICK VALLEY RY.BENNINGTON
A
road. Population served, 30,000.
trolley
to make a new mortgage to refund the present bonds and to provide funds for extensions. Capital stook will be
increased accordingly.
Organization—A consolidation on Nov. 9, 1897, of the Hoosiok
Ry. and Bennington Electric RR.
Date.
Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stook, com., $170,000 ($100)
$170,000
Pref., non cum., non- voting,
5 per oent ($100), $30,000
30,000
Ben. & H. V. 1st M., $250,000, $ 1897
5 J-J
182,000 Jan.1,1928
gold ($500 and $1,000) . 0. 1 Int. at Intem'l Trust, Boston, trustee.
Bonds— No sinking fund and bonds oannot be called.
ROAD— 16J3 miles long, connecting Bennington and Hoosiok Falls.
Owns 16 double motors, 7 closed, 9 open and 3 freight and service
oars. Sixty-pound T rails, standard gauge. Has 400 H. P. plant.
Earnings— For year ending June 30, 1904, gross, $39,681; net,
$10,2^8; interest and taxes, $10,526; deficit, $29a.
Officers- President, Geo. E. Greene; Vice-President, Jos. Buckley
Treasorer, I. E. Gibson, Bennington, Vt.; Secretary
Superintendent
E. H. Libby, Hoosiok Falls.— V. 75, p. 1398.
Company proposes
&
&
HOT
HENDERSON, KY.
trolley road.
granted in October, 1886.
Date.
Interett. Outstand'g
Maturity.
Stock ($250,000)
$250,000
1st M., $250,000, gold) 1904
6g. J-J
(20,000 Jan. 1, 1924
($100 $500 & $1,000). S
Int. at Louisville Trust Co., Trustee.
Bonds.— Not subject to call; *130,000 reserved for extensions.
Road— Operates a miles of track.
O^hcers— President, J. E. Bohannan, Louisville; Vice-Pres A, L.
Rich: Cincinnati; Sec. and Treas., H. W. Richardson, Louisville;
Gen 1 Mgr., S. C. Ray, Henderson. V. 78, p. 1497
,
SPRINGS, ARK.
in 1894; successor to Hot Springs Electric
Controls Fountain & Suburban RR., 1 mile.
Date. Interest. Outstanding.
Maturity.
BONDS—
ORGANIZATION— Chartered
Street Railway.
STOCK
&
ttock
1st mort.,
$100,000
1894 6g. J-D
June
200,000
Louis-Union Trust Company, St. Louis, Mo., Trustee.
g.
1924
Vice-Pres., H. E. Martin;
Sec.
11-8 miles of track.
Officers— President,
and Treas. R.
1,
($250,000).
ROAD— Operates
HENDERSON30-year
CITY RY.-A
franchise,
;
HOT SPRINGS STREET RAILROAD-Trolley.
St.
ORGANIZATION— Has
Stock & Bonds—
&
. .
at 01tizen8 . Sav#
Tr Co<> Cleve .
{land, trustee, or at 1st Nat. Bank, N. Y.
Bonds.— Are subject to call at 107 at 30 days' notice, but no sink. fund.
Stock— 8tock all held by Will Christy, Geo. A. Stanley and J. R. Nutt,
syndicate managers. Bonds also all so held.
($i,ooo),
HONOLULU, HAWAII.
HONOLULU
RAPID TRANSIT & LAND
CO-—
STOCK
third-rail road.
1543
J.
S.
W. Fordyce;
Huntington.
HOUGHTON, MICH.
THE HOUGHTON COUNTY ST. RY. -Trolley road.
Incorporated in 1899 to build an electric road lnFrantthe entire copper belt.
chises.in public streets expire in 1930. Private right of way perpetuaL
Outstand'g.
Maturity.
Date. Interest.
STOCK and BONDS—
Stock, $750,000 ($100)
$750,000
Pr|f $50O,OOO, 6o/„ n.c.j
A_ Q
200000
ct., '04, 3»/
6o
1st mortgage, $750 6ob75
190 ° 5 g> J_J
July 1, 1920
738,000
($1,000), gold
c*. I Int at Boston Safe Dep. & Tr. Co., Trustee.
Notes payable April 30, 1903
$100,000
Bonds Whole issue or any part can be called after 1905 at 105 and
interest on any interest day. Preferred stock can be redeemed at 110.
Earnings— For year ending Dec. 31, 1903, gross, $189,404; net,
Organization.
Houghton County, running through
.
HOLYOKE, MASS.
HOLYOKE STREET RAILWAY-Trolley.
STOCK—
Date.
Stock, $700,000 ($100)
Deb.b'ds($500,$L,000)o"
Interest.
8 J-J
1895
1899
1903
5
A-O
Outstanding. Last div., etc
$700,000 July, 1904, 4%
Apr. 1, 1915
250,000
5A "°
85 000
Oct. 1,1920
Debenture bonds. ..
5 A-O
265,000
Apr. 1, 1923
Leased line rental, Mt.
Tom RR. Stock, 6 p.
6
100,000
Interest on all bonds payable at Holyoke Nat. Bank.
Dividends—In 1892 to July, 1904, inclusive, 8 per cent yearly.
Road— Has 47 miles of track, including Mt. Tom (incline) RR.
4,900 feet long, operated under a 25-year lease for 6 p. 0. on the $100,000 stook, and a direct line to Westtield, Mass.; 109 oars, 9 snow plows
and 216 motors.
Earnings—Years ending Sept. 30
^ifboOK^-.-SS
'
1903.
1902.
1903.
1902.
Gross earnings.$360,7l8 $336,853 Dlvs. paid (8 p.c.)$56,000 $56,000
Net
116,630 113,524 Bal. foryear. .def.7,482 sur.2,156
Int., taxes, &c.
68,112
55,368
Bal. for div'nds
48,518
Sur. at Sept. 30. $73,321 $78,143
58,156
OFFICERS—Pres., Gen. Man. and Purch. Agent, Wm. S. Loomis; See.
and Treas., Louis O. Pellissier; 8upt., G. H. Hunter, all of Holyoke.—
V. 66, p. 616 ; V. 71, p. 602, 809; V. 76, p. 212, 705.
7
—
$66,564; charges, $34,933; surplus, $31,631.
ROAD.— Owns 26"16 miles of track, including lines from Houghton to
Hancock and from Hancock to Lauriuui, Red Jacket, Wolverine and
Lake Linden. Extension to Tamarack City is proposed.
Officers-— President, F. J. Bawden, Houghton, Mich.; Vice-Pres.,
H. G. Bradlee; Treasurer, A. Stuart Pratt, Boston; Ass't Treas., Harry
W. Eaton; Secretary, H. R. Hayes; Supt.. A. H. Warren; Gen'l Mgrs.
and Transfer Agents, Stone and Webster, Boston.
HOUSTON, TEXAS.
HOUSTON ELECTRIC COMPANY.
Trolley.
Orqanizat!ON—Chartered at Austin, Tex., on Oct. 26, 1901. and is
successor to the Houston Elec. St. Ry. Co., sold at foreclosure Oct., '01.
Franchise originally ran
all the street railways in Houston.
until Oct. 23, 1925, but in Jan., 1903, was extende ' 10 yearo; for terms
see V. 76, p. 1 58. Lee, Higginson
Co. of Boston offered the bonds
In May, 1902, stock and bonds
for sale in May, 1902. V. 74, p. 680.
listed on the Boston Stock Exchange.
Controls
&
STREET RAILWAYS.
1544
&
Stock
Maturity.
Outstanding
$2,000,000
Preferred. 6% non cum.?
™ A
"soi 000
Feb '01.3%
vh,->/o
veo.,
5UJ,UUU
503,000
" A
(
$500,000 ($100i
1925
Aug.
1,
1900
let mtge., $2,500,000 \
5 g.
1,664,000
gold ($1,000) .6.f.c*. \ Int. at Intern'l Trust Co., Boston, Trustee.
Bonds—$836,000 are reserved for extensions and improvements at
80 per cent of cost. Entire issue, but not any part, oan be called on
and after Aug. 1, 1910, at 107*2 and interest.
Sinking fund of 1 ^ p. c. of bonds outstanding operative on Aug. 1
1903, if earned, and obligatory after Aug. 1, 1905. See V. 74, p. 690.
}n. Dividends— Dividend on preferred stock due Aug., 1904, was passed
because of strike and boycott troubles. V. 79 p. 500.
ROAD—Comprises 3970 miles of track. Operates 25 cars.
Earnings—For year ending Deo. 31, 1903, gross, $416,124; net,
$1*3,559; charges, $84,656; surplus, $58,903.
Officers— Pres., Geo. J. Baldwin; Vioe-Pres., H. F. MacGregor; 2d
Vice Pres., John W. Hallowell; Treas., A. Stuart Pratt; Asst.TreaB..
C. H. Byrne; Sec, H. K. Hayes; Ass't Sec, H. K. Payne; Man. and
Transfer Agents, Stone & Webster, Boston.— V. 79, p. 500
Stock
Bonds-
Date.
Com., $2,000,000 ($100)
Interest.
..
in
12,
and
j,
(1)
is
MS
,
&
trolley road.
of
Sale -On
30,
Newville, J. J. Henry and William Nor+h of Philadelphia purchased
this entire property, together with the electric light plants and parks
In Ironton, Ashland and Huntington, for a sum said to be $2,000,000.
Ninety per cent of the stock is owned in Pennsylvania.
Organization— Incorporated in West Virginia in 1900. In Sept.,
1904, stockholders authorized $75,000 bonds secured by lien on
power plant at Kenova.
jJate. Interest.
Outstanding. Maturity.
Bonds—
STOCK
$1,0<>0,000
Stock, $2,000,000. $100
1,325,000 Mar. 1, 1921
New mort., $1,500,000, ) 1901 5 g. M-8
Citizens' Trust & Guaranty Co., Parkersg. ($1,000), no 8. f.,and>
cannot be called, .cat. ) burg, Trustee.
Ry. M., guar
100,000
1923
6% M-A27
Oons. Lt.
1923
Cattl. M., guar
6% J-J
50,000
Ashl.
of
the
new
are
reserved
to
retire
the
firsts
bonds
of
Bonds— $150,00
treasury.
and
$25,000
are
in
the
company's
Interest
on
amount,
like
the bonds is payable at the Union Trust <te Deposit Co. of Parkersburg.
ROAD Operates 30*23 miles of track between Huntington, W. Va.,
Cattlettsburg and Ashland, Ky., and Ironton, Ohio.
OFFICERS— Pres. and Gen. Man., John Graham, Huntington, W. Va.;
Vice Pres., John J. Henry. Philadelphia; Sec, W. F. North, Philadelphia; Treas., Thoe, McK. Hays, Huntington.— V. 79, p. 967.
&
&
—
Indianapolis" ind.
road.
TRACTION-A
BROAD RIPPLE
the Indianapolis & Broad
Organized as successor
trolley
to
Ripple Rapid Transit Co. sold at foreclosure July, 1899. The Indianop. St. Ry. owns about 75% of stock, but organization separate.
Date.
Rate.
Outstand'g.
Maturity.
Bonds—
Stock
$100,000
Stock $100,000 (par $100)
Organization—
&
J -J
July
400,000
1,
1933
Int atGuar Tr.& S.D. Co.(Phila.),Trus.
Bonds— Are guaranteed, principal and interest, by Indianapolis St.
Ry. No sinking fund, and bonds cannot be called. The Indiana Union
Tract. Co. also guarantees the principal and interest of half (1200.000)
of this company's bonds and half of the interest of the remaining
$200,000 bonds until May,
J
191'-'.
Road—7^ miles of track from Indianapolis to Broad Ripple Park.
OFFICERS— President, John B.Warner; Sec. John D. Thomson Treas
;
nrer, E. B.
Peck—V.
69, p. 180; V. 73, p. 137, 183; V. 78, p. 1167.
INDIANAPOLIS COAL TRACTION-Trolley.
Organization.— Incorporated in 1901 and is successor in 1903 to
the Indianapolis & Plainfleld Electrio RR. Co. Will do a large coalcarrying business as well as passenger.
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
Maturxly.
$2,500,000
03 5 g. J-J
None.
Sept 1.1953
i-*™».f„»„« tunnnnnn
Tru8t Co - Indianapolis, Trustee,
WrtflSob?
b f
.c&r
c&r17 Indiana
gold ($1,000), s.
Int at MeroantUe rr u8t Co., New York
A sinking fund of 1 p. c. of outstanding bonds begins July 1, 1908.
ROAD— Is to operate 165 miles from Indianapolis, through Plalntield,
Greencaetle and Terre Haute to SuQlvan. with a branch from Greencastle to Rockville. Is in operation to Plainfleld, 14 miles. Remainder
is under construction, and is expected to be completed during 1905.
OFFICERS- President, Albert l.ieber; Vice-Pres., Frederick Franoke
Sec'y, John J. Appel; Treas. and Gen. Mgr., Henry L. Smith.
Stock, $2,500,000
C^
.
.
;
INDIANAPOLIS TRACTION & TERMI'L
Organization— Incorporated in Indiana on Aug.
$500,000 capital, which was increased in Jan., 1903,
CO.
1902, with
to $5,000,000
(SI, 500,000 being given to Indianapolis Street Railroad shareholders as a bonus), to lease the Indianapolis St. Ry. and to provide terminal facilities for all interurnan electrio roads now entering or yet to
enter Indianapolis. Franchise is for 31 years, underthe terms of which
the company is to pay the city 4 cents per car for the first 1 1 years, 6
cents for the next 10 years and 9 cents for the remaining 10 years. On
Dec. 29, 1902. leased for 31 years the Indianapolis Street Ry. V. 75,
p. 1301. Wldener-Elkins syndicate is understood to be in control.
4,
twenty-five for one dollar.
The company also binds itself to pay over to the city (which is to exfend it on the public works) the sum of $30,000 yearly, from 1899 to
925, and $50,000 yearly, from 1926 to 1932, inolusive, the contract
expiring in 1933— see V. 68, page 723. The city gets the right to purchase the property "at any tune within two years and not later than
one year before the expiration of this contract," nothing to be paid for
the value of the franchise. Law sustained May, 1902. V. 74, p. 936.
As to the three-oent-fare case, whioh the U. S. Court of Appeals
decided in favor of the Citizens' Co. in Dec, 1897, see Supplement of
Nov., 1898, and V. 64, p. 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and
owns 75 per cent of its stock.
Lease.— On Dec. 29. 1902, was leased to the Indianapolis Traction
& Terminal Co. for 31 years. See V. 75, p. 1301. Lease provides for
dividend of 1 p. c Jan. 1, 1903, then 3 p. o. in semi-annual instalments for first year, 4 p. c for second year, 5 p. c for third year and
6 p. c after July, 1906. As part consideration for lease, Indianapolis
St. RR. shareholders were given $1,500,000 Ind. Trac & Term, stock.
Date. Interest. Outstanding. Dividends,4e.
STOCK
BONDS
Capital stook ($100)
$5,000,000 July, '04, 2%
Indianapolis 8t. Ry. gen. ) 1899 4 g. J-J
6,000,000
Jan. 1, 1933
M., $6,000,000, gold •Interest at Guar. Trust
Safe Dep. Co.,
Phlla., trustee.
($1000), guar
c*
Citizens' St. Ry. 1st M., 1893
5g. M-N
4,000,000 May 1,1933
$4,000,000 gold.. ..c* Solioitors'Loan &Trust;Co.of Phila. .Trustee
Interest on Citizens' consols at Fourth Street Nat. Bank, Phila.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has bean
canceled. No bonds reserved for the Citizens' consols. The oompany
binds itself to pay to the Indiana Trust Cc. a sum annually sufficient to redeem at maturity the greater part of the entire issue of
Indianapolis Street Ry. bonds; this provision is guaranteed by the
Indianapolis Traction
Terminal Co.
Stock and bonds listed on Phila. Stock Exchange.— V. 69, p. 851.
Road— Operates 125 miles of track, with 350 oars. 90-lb. rail.
Officers.— Pres., George Brown, Indianapolis; First Vioe-Pres., J. A.
Lemoke; 2d Vioe-Pres.. Joseph S. Neff, Philadelphia; Sec. and Treas.,
Henry Jameson; Asst. Sec and Asst. Treas., O. E. Morgan 3d, Philadelphia. V. 76, p. 48, 542, 593, 1085; V. 79, p. 151.
&
HUNTINGTON, W. VA.
RY.-A
CAMDEN INTER-STATE
June
1902, a syndicate represented by John Graham
«•»
system.
&
M
1899 5
INDIANAPOLIS STREET RY.—A trolley
made a contract with the City of Indianapolis agreeing to surrender the rights and franchises of both companies and accept a
new franchise running only thirty-four years. The contract also provides that cash fares are not to exoeed five cents, with free transfers,
and tickets are to be sold at the rate of six for twenty -five cents and
&
i
Maturity.
road,
.
mk, gold,$400,ooo($i,ooo)o
™irl smoo 000/"Rl OOOlo*
Mtg.
Outstand'g.
ORGANIZATION.—Incorporated in Indiana, March 7, 1899. After
acquiring the Citizens' Street RR. of Indianapolis and the City Rail-
Hudson Ry. & Power Co sold under fioresuccessor to the Albany
closure on Feb. 11, 1903, per plan in V. 75, p. 847.
Maturity.
Date. Interest.
Outstand'g.
Stock
Bonds—
Pref 5%, cum. after 1908, )
«., nnn nnrt
»i,uw,«w
5
$1,000,000 ($100)
1,000,000
Com., $1,000,000 ($100)
1,750,000 Mar." i", 1943
1st mort., $2,000,000, gold ) 1903 4-5 g.
c* J Int. at Colonial Trust Co., N, Y., Trustee.
($1,000)
Bonds- Of the $1,750,000 reported outstanding above, $250,000 is
deposited as collateral for a loan. Interest is 4 per cent until March
1, 1906, thereafter 5 p.o. No sinking fund and bonds cannot be called.
ROAD— Operated by third-rail system from Hudson via Renselaer to
Albany. Comprises 35 miles of main line and 4 miles of sidings, with 2 additional miles of overhead trolley road in Hudson.
In February, 1900, made contract giving it privilege to enter Albany
over the tracks of the United Traction of Albany. Operates 35 passenger cars and 18 freight and express oars, and 2 snow plows. Rails, 70
and 80-lb. steel, standard gauge. Supplies light and power along route.
Earnings.—For fiscal years ending June 30:
Balance.
Hear.
Gross
Net.
Taxes. Interest, etc.
1904
$283,992 $107,847 $16,834 $67,579 sur $23,433
1903
257,986
102,256
16,660 126,374 def. 40,778
Young;
OFFICERS— President, Clinton L. Rossiter; Vioe-Pres., A.
2d Vice-Pres. and Gen. Mgr., Geo. G. Blakeslee; Sec. and Treas., H. G.
Runkle, 100 Broadway, N. Y.— V. 77, p. 146, 1872; V. 79, p. 680.
&
Interest.
&C—
•
&
Date.
$5,000,000
> 1903
3,000,000
Jan. 1, 1933
5 g. A-O
gold ($1,000), s. f .c* $ Int. at Guarantee Tr. & S. D. Co., Phlla., Trust.
Bonds— $2,000,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of li 5 per cent of
bonds outstanding, including those in thr- sinking fund.
ll miles of new double track are under construction, to
ROAD,
gether with interurban passenger stations and two freight depots.
OFFICERS-—President and Manager, Hugh J. McGowan; Vice-Prest.,
H. P. Wasson; 2d Vloe Prest., John J. Appel; Sec & Treas., W. F. Milholland; Purchasing Agt., P. A. Hinds. V. 76, p. 48, 101, 1085.
FA
Organization—
Bonos—
Stock, $5,000,000
1st mort., $5,000,000,
.
HUDSON, N. Y.
HUDSON RAILROAD COALBANY &Incorporated
1903
New York on Mar.
&
[Vol. lxxix.
INDIANAPOLIS & EASTERN R Y\-Trolley.
Organization— Organized in 1902 under the laws of Indiana as a
consolidation of the Indianapolis
Greenfield Rapid Transit and the
Indianapolis & Eastern Traction. Franchises are for 50 years in Marion and Wayne countes, perpetual in Hancook and Henry counties,
and 30 years in the cities of Greenfield and Knlghtstown.
Date.
Interest.
Outstand'g.
Maturity.
Stock
Bonds—
Stk. $1,200,000 ($100)
$1,200,000
1st
coneol.
mtge., 1902
5 g. J-J
700,000 July 1, 1927
$1,000,000, gold ($1,- Hit. at Mercantile Trust Co., N. Y., or at
Central Trust Co., Indianapolis, Trustee.
000), s.f
Ind. & Green. 1st M., (1899
5 g. J-J
300,000 Jan. 1,1929
$300,000
($1,000), ^ Int. at Cit. Savings & Trust Co.,Trustee,Cieve.
o*(
gold
or at First National Bank, New York City.
Bonds—Of the $1,000,000 consols authorized, $300,000 are leserved
to retire the Indianapolis & Greenfield first 5s. A sinking fund becomes operative after 5 years. Fund is to be invested in the company's bonds if they can be bought at not more than 105 and interest.
Bonds cannot be called. On the Ind. & Greenfield bonds, $12,500 is payable yearly to a sinking fund beginning Oct. 1,1904, with whioh bonds
beginning with No. 1 will be purchased at 105 and accrued Interest.
&
&
C
—
Earnings—
Yrars end. Aug. 31:
1904
1903
Gross.
Net.
$104,999
64,526
$210,423
136,014
Charges.
/Surplus.
$50,000
27,291
$54,999
37,235
Road— Owns about 60>« miles of track, including 50 miles from Indianapolis oity line, where it connects with the Indianapolis Street Ry.,
over whose track it operates within Indianapolis under a 33-year contract, to Dublin, where connection is made with the tracks of the Richmond Street Railway. Also operates a branoh of 10 miles from Dunrelth to Newcastle, on private right of way. 70-lb. T rails.
Officers -Pres., Frank M. Fauvre, Indianapolis; Vice-Pres.. Med
ford B. Wilson; Secretary, John F. Chipman.— V. 75, p. 184, 342, 666;
V. 77, p. 2098; V. 78, p. 229, 2012.
INDIANAPOLIS
COLUMBUS & SOUTHERN
CO.— A trolley road.
TRACTION
Organization— Formerly the Indianapolis Greenwood & Franklin
RR., which companv was incorporated in Indiana in 1895. Name
changed as above in Jan., 1903. Chandler Bros. & Co. of Philadelphiahave underwritten the $360,000 of bonds outstanding.
Dale. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stock, $285,000
$285,000
1903 5g. F-A
1st mortgage. $1,000,000)
360,000 Feb. 1,1923
C <Int. at Trust Co. of N, Amer., Phila., Trus.
gold ($1,000)
Bonds -Cannot be called. $640,000 are reserved for extensions south
of original portion of road between Indi mapolls and Franklin at not
over $15,000 per mile, and $270,000 aro now available for issue under
the mortgage
Earnings— For year ending Sept 30, 1903 (on 19 miles between Indianapolis and Franklin), gross, $95,586; net, after taxes. $44,586.
Road— Operates 40 miles of track between Indianapolis, Franklin
and Columbus. Standard gauge. 60-lb. T rail. Mostly private right of
way.
OFFICERS— President, Jos. I. Irwin; Vice-Pres. and Mgr., Wm. G.
Irwin; Sec. and Treas., Hugh Th. Miller, all of Columbus, Ind.; Supt.,
Geo. A. ttaylor, Greenwood. -V. 77. p. 823; V. 78, p 1446.
&
INDIANAPOLIS & MARTINSVILLE
RAPID
road.
TRANSIT CO- -A trolley
Organization— Incorporated
ates on private right of
&
Indiana on April 24, 1901. Operin incorporated towns.
Interest.
Ouisanding.
Maturity.
$750,000
5 *• JJ
Jan. 1,1932
750,000
in
way except
Date.
BONDS—
Stock
Stock, $750,000 ($100)
1st mtire
S7"iOOOo) 1902
UDionTrust Co. and Security Tr. Co. of Indlan«< *
Yti
nnoi
™iri
tr
g0la
r t
(fci.uou)
°
apolis. Trustees. Int. at Security Tr. Co., Ind.
)
-
Fond*-No sinking fund, but bonds are subject to call after 10 years
at 105 and interest
EARNINQS-For first year of completed road ending May 21, 1904,
gross, $105,000. Operating expenses about 54 p. o.
ROAD-Operates 30 miles of track from Indianapolis to Martinsville,
completed iu May, 1903. 70 lb. rails, standard gauge. Extension to
Bloonilngton, 20 miles, has been surveyed.
OFFICERS- President, Chas. Finley Smith; Vice-Pr^s't and Treas.,
Henry Eltel; Seo'y, Gavin L. Payne.— V. 75, p. 393, 666; V. 76, p. 972.
V. 78, p. 1223.
INDIANAPOLISMap& onNORTHWESTERN
page 1546).— A
road.
TRACTION
CO.
trolley
(See
in 1902 in Indiana. Operates a modern,
high-speed tnteiurban railroad, standard ttauge, located upon private
rightjof way outside of the city corporate limits. Extends northwesterly from the city of Indianapolis through the cities of Lebanon and
Frankfort to the city of La Fayette, with a branch from Lebanon to
Crawfordsvillt\ each of whioh cities is the oounty seat of its respective
county. Has trackage rights to the business centres of Indianapolis
Organization —Organized
and La Fayette.
The franchises run for 31 to 50 years and permit the carrying of
freight, express and mail, as well as passengers. E. H. Rollins & Sons,
Boston, organized and are managers of a syndicate who have underwritten the entire issue of bonds.
Date.
Interest. Outstanding.
Maturity.
BONDS—
STOCK
$2,000,000
Stock, $2,000,000 ($100)
5 g.
2,470,000 Mar. 1,1923
1903
1st mtge., $3,000,000)
c* S Int. at Knickerbocker Trust Co., N.Y„Trustee.
gold ($1,000)
Bonds—The remaining $530,000 for Improvements and additions at
50 p. o. of oost. No sinking fund, but bonds can be called on any interrest date at 110
Road— derates 92 25 miles of track between Indianapolis, Lebanon,
Frankfort, Lafayette, and Oawfordsvllle. Standard gauge 70-lb. Trail.
Operates 20 vestibule and 4 baggage cars. Power house and oar barn
are at Lebanon.
Officers— President, George Townsend, Indianapolis; Vice-Pres.,
Philip L. Saltonstall, Boston; Secretary, Wlnthrop Smith, Boston;
Treasurer, Chauncey Eldridge, Boston. V. 76, p. 48; V. 79, p. 151.
&
MS
INDIANAPOLIS & CINCINNATI TRAC- CO.
ORGANIZATION.— Incorporated in Indiana and on Oct. 13, 1903, purchased the entire capital stock of the Indianapolis Shelbyville <fe
Southeastern Traction Co. Private right of way except in cities and
towns. County franchises perpetual. Franchises 1 cities and towns
are for 50 years, except in Indianapolis, whioh is 31 years. Has
contract with Indianapolis Traction & Terminal Co. allowing its cars
to enter Indianapolis for 31 years.
<j
&
Date.
Inttrett.
Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $2.000,000
$2,000,000
2,000.000
5 g. J J
July 1, 1933
1st mtge., $4,000,000, ) 1903
gold ($1,000)
o* 5 Int. at Farmers' Loan &Tr. Co.,N. Y.,Trnstee.
Bonds —$2,000,000 are reserved for extensions and improvements.
No sinking fund and bonds are not subject to oall.
Road— Is to operate a double-track road from Indianapolis, via Rushviile, Connersvllle and Hamilton, to Cincinnati, 40 miles.
Road is
now under construction and track laid to Morristown, 15 miles. Power
house, for the operation of all lines, is located at Rushvllle.
OFFICERS— President, Chas. L. Henry Secretary, William L. Taylor;
Treasurer, E. M. Johnson. -V. 77, p. 250; V. 77, p. 1874.
;
()\
v
/
INDIANAPOLIS SHELBYVILLE & SOUTHEASTERN TRAC-
TION—A trolley road.
Organization— Franchises are perpetual in Marion and Shelby
counties and 35 years in Shelby vflie. Operates over private right of
way with exoeption o' 3 1* utiles. Has 31-year franchise from city of
IndlaDapolis and arrangement with the Ind. Traction & Terminal Co.
allowing
it
entrance into the
Denison, Prior
city.
&
Co.,
Boston
and Cleveland, offered the bonds for sale In Feb., Ib03. V. 76, p. 435.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS—
Stock, $600,000 ($100)
$600,000
1st Mtge., $500,000, gold 5
1902 5 g. J-J
500,000 Jan. 1, 1932
($1,000) s. f
tint, at Am. Trust & Sav. Bank, Chic, Trus.
Bonds— Entire issue may be called on any interest date at 110. A
sinking fund of $10,000 per annum commences Jan. 1, 1908, for
Which bonds can be called at 105, beginning with the lowest number.
Earnings— For fiscal year ending Sept. 30, 1903, gross, $106,793;
net, $47,289; Interest, $25,000; surplus, $22,289.
Road— 26 miles of track connecting Indianapolis with Shelbyville.
60-lb. T -rails. Extension to Greensburg, 18 miles, proposed.
Officers -President, George A. Ball; Vice-Pres., Fred C.Gardner;
Secretary, John E. Reed; Ireasurer, J. F. Wild; General Manager,
Chas. L. Henry.— V. 76, p. 265, 435, 1143 ; V. 77, p. 250, 1874, 2159.
Organization— Incorporated in California on April 12, 1904.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
Stock, $1,000,000 ($100)
$1,000,000
1st mortg'e, $500,000, gold J 1904 5 g., J-J
340,000 July 1, '34
c&r (Int. at Union Tr. Co., San Fran., Trustee.
($1,000)
Bonds— A sinking fund of 3 p c. per annum of bonds outstanding
commences July 1, 1909, but b. nds are not subject to call.
Road— Is to operate 15 miles of track from lone to Jackson, with a
branch of 5 miles to Amador City. Standard gauge, 50 lb. T rail. Road
Is under construction and 12 miles expected to be completed Dec. 15,
1904.
Officers- Pres. and Mgr., Jackson Dennis; Sec. andTreas., H. Morris.
V. 78, p. 238i.
__
IRONDEQUOIT, N. Y.
ROCHESTER & SUBURBAN RY.-A
trolley road.
Organization— Incorporated on January 30, 1900, as a sucoessor of
the Rochester & Irondequoit RR. On Aug. 25, 1900, acquired the entire capital stock of the Rochester & Lake Ontario Ry. Co. and consolidated with it. The branch running from Rochester to Summerville
is
&
&
Bonds
Interest.
»c
*
<tio*n™
Mortgage,
$1 is ,wv
Road— Owns 7^ miles
5
J
$400,000
125.000
6J-D
1913
Int> at 01d Colony Tr. Co., Boston, trustee.
of traok.
Officers— President and General Manager, E. D. Nelson; VioePresident, E. T. Larson; Secretary and Treasurer, H. F. Jahn.
ITHACA,
N. Y.
RAILWAYITHACA STREET
Chartered Nov.
1884. Leased
18,
the Cayuga Lake
ORGANIZATION—
Eiectrio Railway in June, 1894, for 49 years upon the terms that It
shall pay principal and interest of the leased road's $25,000 first mort.
STOCK
&
BONDS—
Date.
Outstand'g.
Interest.
Stock, $325,000,pr.$l 00
1st mortgage, $175,000
Maturity.
$325,000
See text.
6J
J
175,000 July 1, 1922
$ 1892
payable
Farm.
L.&T.
Int.
at
Co.,
N.
Y. City.
I
1894
6J-J
75,000 July 1, 1922
2d mortgage, $75,000
1894
6J-D
25,000
June
Eleo.lstM.,gu..
1,1922
CayugaL.
Dividends.—In July, 1895, 3 per oent; in April, 1896, 3 p. c; 1896-7
2i« per oent; in 1897-8, 2% per cent; 1898-99 to 1902-03, none; in
1903, Sept., 2 »a p. c; in 1904, Sept., 3 p. c.
r AD—Owns and operates 7 68 miles of track. Rails, 45 to 62 lbs.
standard gauge operates 29 cars and 1 snow plow.
REPORT— For flsoal year ending June 30, 1904: Gross, $149,721;
net, $86,088; int. and taxes, $19,312; dividends, $8,125; sur., $58,651.
Latest Earnings— For 8 months ending Aug. 31, 1904, gross,
-
-
;
$73,240; net, $28,743; fixed charges, $12,867; surplus, $15,876.
OFFICERS —Pres., Edward G. Wyckoff Vice-Pres., C. E. Wyokoff;
Sec. and Treas., R. L. Post, all of Ithaoa.— V. 72, p. 988.
;
JACKSON, MICH.
& BATTLE CREEK TRACTION
JACKSON
and
CO.— Third
trolley.
rail
in Michigan on May 19, 1902, to connect Jackson with Parma, Albion, Marengo, Marshall, Ceresco and
Battle Creek, a total distance of 45^ miles. Line was completed and
put in operation June 27, 1903. Standard gauge, 70-lb. T and girder
rails. Third-rail on private right of way and trolley in cities and towre
Interest. Outstanding.
Date.
Maturity.
STOCK & BONDS—
$1,500,000
Stock, $1,500,000 ($100)
1903 5 g. J- J
1,150,000
Jan. 1, 1923
)
Int. at Cit. Savings & Tr. Co., Cleve., Trus., or
}i}
SS? gold
™iy ' ki
o 7
($1,000
at First National Bank, New York.
}
Bonds— No sinking fund, but bonds subject to oall in any amount
after 10 years at 105 and interest.
Latest Earnings— For year ending June 30, 1901: Gross, $148,549;
net, $69,334; Interest, $57,500; surplus, $11,834.
Officers— President, Gen. C. M. Spitzer, Toledo: Vice-Pres., A. L.
Ppitzer, Toledo; Treasurer, N. S. Potter, Jackson; Sec'y and Manager,
W. A. Foote, Jackson; Supt., E. S. Loomis, Jackson. V. 78, p. 48.
Organization— Incorporated
^^.siomnnn
—
JACKSON CONSOLIDATED TRACTION.
&
Jackson Ry.
This company and the Detroit Ypailanti Ann Arbor
are now held in common control and are iu the hands of a committee
W.
N. Color Jr., New
consisting of Walter O. Kerr, L. H. Hole and
York; Geo. C. Smith, Pittsburgh; J. D. Hawks and 8. F. Angus, Detroit, and W. A. Boland. Jackson, Mtch. See V. 79, p. 269.
ORGANIZATION— Incorporated in Michigan in 1904, and is a consoliSuburban Traction Co., the Wolf Lake Ry.
dation of the old Jackson
& Resort Co. and the Highland Resort Co. Constitutes all the street
railways in the City of Jackson. Franchises practically perpetual.
Will form part of the "Boland System" now constructing from Jackson to Detroit.
Date.
Interest. Outstanding. Maturity.
Bonds—
Stock
$1,000,000
Stock, $1,000,000. $100
1904 5g. M.-N.
645,000 May 1,1934
Ref. M., $1,000,000, gold)
($100,$500& $l,000)c* $ Int. at Guardian Trust Co., N. Y., trustee.
The new refnnding bonds are subject to call at 105 and interest on
any interest date; $355,000 of these bonds are reserved for extensions
and betterments at 9o p.c of cost. All prior liens are being, or have
been, retired.
ROAD— Owns and operates 30 miles of track in Jackson, including
interurban lines to Grass Lake, Wolf Lake, Michigan Center and Van-
&
&
dercook Lake.
Sup:., B. T.
O'Mara— V.
76, p.
New
B
York; Vice-Pres.. W. A.
Hole; Mgr., J. P. Clark;
654, 972; V. 78, p. 2384; V. 79, p. 269.
Officers— President, Bird S. Coler,
New York; Sec. ani Treas..
Boland,
C.
Organization— Incorporated July 19, 1898. Company operates the
street railway, eiectrio light and gas plants of Jackson.
Outstanding.
Date.
Interest.
Maturity.
STOCK
BONDS—
Stock, $250,000 ($100)
$250,000
250,000 Apr. 1, 1929
1st mortg'ge, $250,000 > 1899
5 g., A-O
. s Int. at Memphis Trust Co., Mempuis, Trustee.
($1,000), gold.
Sinking fund of $1,500 per annum, but bonds cannot be called.
Road— Operates O 1^ miles of track.
Officers— President, F. G. Jones; Vice-Pres! lent, H. H. Ooraon;
Sec. and Treas., S. T. Carnes.
&
JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO -Trolley.
Organization— Incorporated in Florida in 1902, and is a consolidation of the Jacksonville Street Ry. Co., the Main Street RR. Co. and
the Jacksonville Eleotric Light Co.; franchises on railways run for 29
and 15 years, and on lighting 9 years, all from 1902. Does entire
electric railway and a portion of electric lighting business of Jacksonville.
STOCK & BONDS—
Common. $800,000,($100)
Date.
Interest.
Outstanding.
$70,000
Maturity.
1.
5p. c.cum. ($350,000)$100
350,000
1st mtge. $450,000 ($1,000) v 1900 5 g A-O. (See text) July 1, 1930
gold
*c. $ Int. atRoch. Tr. &SafeDep. Co., Trus.
Bonds— Bonds are issued and are held by the trustee as security for
loans, which June 30, 1903, were $450,000.
Earnings— For fiscal year ending June 30, 1 904 Gross, $73,381;
net, $59,903; charges, $26,550|; turplus, $13,353.
ROAD— Rochester to Sea Breeze, 747 miles, and from Rochester to
Summerville, 4^ miles (double traok) total, 16-47 m.
George W. Archer; Vice-Prest., Frederick
„, OFFICERS— President,
Cook; Secretary and ,+en'l Manager, Chas. A. Williams; Treasurer, F.
P. Allen, all of Rochester— V. 70, p. 231; V. 71, p. 699.
:
Maturity.
$575,000
011
"A
^.^'"!
6F
200 000 Aug., -04, 3%
^OoWfoO)
May 1, 1927
1st Mortgage $1,250,000 > 1902 5 g. M-N
732,000
gold ($1,000) c*
slnt.at Am. Loan & Trust Co .Boston.Trustee.
Bono's are subject to oall as a whole at 105 and interest on any Interest date. A sinking fund of 1% annually of bonds outstanding
commences after May 1, 1907, which may be used either for extensions
and improvements or in the purchase of bonds. The preferred stock is
redeemable at 120.
Dividends.— The first dividend on preferred of 3 per cent was paid
Feb 1, 1903; also 3 p. c. Aug. 1 In 1*04, Feb. 1 3 p c Aug., 3 p.- o.
Earnings— For the 12 months ending Dec. 31, 1903, gross, $248,-
Outstand'g.
Pf.,
;
Stock
Stock...
JACKSON ELECTRIC RY. LIGHT&POWER.
IONE & EASTERN RR. CO. -
leased to the Rochester Railway Co.
Date.
Interest.
Bonds—
Stook, com., $70,000 ($100)
IRONWOOD, MICH.
GENERAL
ELECTRICTWIN CITY
Dale.
Outstand'g. Maturity.
JACKSON, MISS.
IONE, CAL.
Stock
1545
STREET RAILWAYS.
Oct., 1904.]
.
'
,
;
650; net, $32,707; fixed charges. $36,403, surplus, $^6,304.
Road— Operates 20-05 miles of track.
OFFICERS— Pres., Geo. J. Baldwin; Vice-Pres., H. G. Bradlee: Treas.,
A. Stuart Pratt; Sec, Henry R Hayes: Aes't Treas., A. A. Wright; Gen.
nagers and Transf. Agts., Stone & Webster, Boston.— V. 76, p. 212.
M
STREET RAILWAYS.
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—
:
STREET RAILWAYS.
Oct., 1904.]
JAMAICA, NEW YORK CITY.road.
ELECTRIC RY.-A
LONG ISLAND
1897. as New York & North
Chartered March
trolley
13,
Organization—
On
Shore Rv.
was consolidated with the Jormer Long
Ry.,new company having $2,100,000 capital stock and
Oct. 11, 1899,
Island Electrlo
$2,100,000 bonds. On May f 1902, the lines north of Jamaica were
sold under foreclosure to the Queens Ry. Co., which company was then
merged Into the New York & Queens County Ry. By this foreclosure
$1,500,000 each of stock and bonds were canceled, leaving each at
$600,000. On Oct. 1, 1903, old name of "Long Island Electrlo Ry."
was resumed.
In Ootober, 1899, the Appellate Division of the Supreme Court
upheld the right of the Long Island Electrlo under the General Railroad law to run oars carrying express matter. V. 69, p. 744. Decision
was affirmed by Court of Appeals In June, 1900. V. 70, p. 1249.
Outstand'g.
Bate.
Interest.
Maturity.
Bonds—
Stock
$600,000
Stock, $600,000 ($100)
5 g. J-D
600,000 June 1. 1 926
L. I. El. 1st M., $600,000 ) 1895
o* > Int. at Hamilton Trust, Brooklyn, Trustee.
($1 ,000)
Earnings.— For year ending June 30, 1904, gross, $133,127; net,
$42,526; charges, $38,554; surplus, $3,972.
Road.— Comprises 25 90 miles of road oompleted ana in operation from Cresoent Avenue, Brooklyn (at the terminus of the Kings
County Elevated), to Jamaica, Hollis, Queens, and from Jamaica to
,
&
Far Rockaway.
OFFICERS-— Pres., Chas. A. Porter, Girard Bldg., Phtla.; Vice-Pres.
and Gen. MsT.,Wm F. Hogan, Jamaica, L. I.; Sec. and Treas., W. C.
Martin, Phlla. General Office, Washington and South Sts., Jamaioa
<L. I.), N. Y.-V. 77, p. 89, 511, 512.
JERSEY CITY, N. J.
CORPORATION OF
PUBLIC
SERVICE
—Street railwaj gas and eleotrio.
a consolidation of the North Jersey Street Ry.
1903, and
6,
Jis
Co., the Jersey City
Paterson Ry., the Elizabeth Plainfleld
Hoboken
Central Jersey
Ry., the Orange & Passaic Valley Ry. and the United Electrlo Co. of
in
companies
being
given
those
certificates
N. J., the stockholders
described below in exchange for their stock. Holders of these trust
shareholders
of
the
four
leased
(as
also
properties)
certificates
were
aooorded the privilege of subscribing at par for Public Service stock
to amount of one-sixth their holdings. See plan in V.76, p. 865, and
also p. 1249. The Fidelity Trust Co. of Newark financed the transHudson Gas Co., the Hudson County Gas
action. Leases the Essex
Passaio Gas & Electrlo Co., the South Jersey Gas
Co., the Paterson
Traction Co., the South Orange & Maplewood Traction,
Electric
Pasealo Valley Ry., the Somerset Union
the Orange
Middlesex
Lighting Co., the Camden Suburban Ry. and the Elizabeth
Raritan
River St. Ry. Controls practically the entire street railway business
of Northern New Jersey and the gas and lighting Interests of the
greater part of New Jersey.
Date.
Interest. Outstanding. Maturity.
Bonds—
Stock
&
&
&
&
&
&
&
&
$10,000,000
1903 8ee text
18,899,690 Perpetual
200 OOO $
Trust nertfs
oertis., S20
i^o.zoo.ooo
£ Fldelity Tru8t Co#> Newark, Trustee.
Stock and Bond*.— The $10,000,000 stock outstanding was issued at
par for cash, and the by-laws of the company are to provide that the
remaining $15,000,000 is also to be issued only for cash at not less
than par. The trust certificates bear 2 per cent interest (dating from
June 1, 1903) the first two years, 2 ** per cent the third year, and increasing by ^ per cent each following year until 6 per cent is reached
In the tenth year, which is to be the rate thereafter. The following
shows the terms upon whioh the stocks of the constituent companies
were exchanged for the trust certificates. The stocks acquired are
pledged as security for the trust certificates.
Stock, $25,000,000 ($100)
-
Total
stock.
North Jersey Street
Ry
Total
deposited.
15,000,000 14,010,900
New
Total
ct/s. if all
stock exch.
certif
40 p. c.
6,000,000
Jersey City Hoboken & Paterson 8treet Ry
.20,000,000 18,860,200 35 p. o.
Elizabeth Plainfield & Central Jersey Ry. Co
3,000,000 3,000,000 30 p. o.
Orange* PassaicVal.Ry.Co. 1,000,000
901.900 30 p. c.
United Electric Co
20,000,000 18,412,300 30 p. o.
$
7,000,000
900,000
300,000
6,000,000
Total
20,200,000
The trust deed provides that the stooks pledged shall not be used so
as to increase the oapital stock of any of the companies, nor to oreate
any new liens upon the respective companies except to take up existing debt of any such company or of underlying or subsidiary com
panles.
Leases.— In the following we show the companies held under lease
by the Public Service Corporation, with the annual dividends called
for on the stocks of such companies.
Annual Rental—Dividends Guaranteed.
id. 3d. 4th. bth. rit*. 7(h. 8th. Thereafter.
Oomvnny—
1st yr.
H yearly.
Essex A Hudson Gas Co.... 3H* 4>0 5*
S%
8%
6*
7%
8%
Hudson County Gas Co... —2
6
8
8
2*
>
,
&
Paterson
KlectrlcCo.
Passaic Gas
.
....
&
IK
2K
2
8outh Jersey Gas, Electric &
TraotiOD Co
... 3*
Elizabeth Plainfleld
& Central
4« 5
New Jersey
8K
3
4
EARNINGS OF STREET
Calendar year 1 903 —
Public Service Corporation
North Jersey Street Ry
J. City Hoboken & Paterson Ry.
•Middlesex & Somerset Trac
*
Raritan Traction Co
Camden
& Suburban Ry
8
8
8
I
\
See those companies.
I
J
RAILWAY
Proposed Tunnel Connection with New York City— The company hat
contracted to use the proposed tunnel under the Hudson River which
New Jersey RR. has arranged to build and the terthe New York
minus of whioh will be at Christopher, 10th, Greenwich and Hudson
streets. V. 74, p. 380.
Miles. Date. Interest. Outstanding.
Maturity.
BONDS—
1898 4g. M-N $11,723,000 May 1, 1948
1st M., $15,000,-)....
Trust
Manhattan
Co., N. Y., trustee.
000, g., $1,000 \
Interest at Fidelity Trust Co. N e wark N. J.
eaoh
)
Road—Owns and operates 240 miles of track. Has 800 ears.
-V. 75, p. 394, 1087; V. 76, p. 382; V. 77, 824.
&
,
On June
1, 1898, North Jersey Street Ry. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was affirmed In Feb.,
1902 (V. 74, p. 380), and again In Feb., 1903. V. 76, p. 382.
Dividends under lease are
1903-1904,
1899-1901,
1902,
1905,
Thereafter,
2*3 per cent.
2 per cent.
3 per cent.
3^j per oent.
4 per cent.
Date. Interest. Outstanding.
Divs., etc.
Bonds—
Stock
Stock, all paid in
$15,000,000
See text
Onderlylng bonds— see below
7,158,000
)
1 893
1st mortgage, gold
15,000,000 June 1, 1933
$15,008,000 T$l, 000) I Interest at Manhattan Tr. Co., N. Y„ trustee.
The gold bonds of 1893 are secured not only bv mortgage, but also
by deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock of
Newark Plank Road Co., $6,000,000 stock Newark Passenger Ry. and
$99,100 stock of Jersey City Harrison & Kearney Ry. Co.
Road.—Jan. 1, 1904, there were in operation 190 miles of track.
&
Including:
Stock owned. J. C. Har. & K. RR... Stock owned.
N. J. Traction Co
Newark Pass'ger Ry. Stock owned. Newark Plank Road. Stock owned.
J. C. & Bergen RR. . .Stock owned. Passaio & Newark El.Stook owned.
Stock, debts and mileage of the leased and controlled lines
New Jersey Traction Co
Newark Passenger Ry
Rapid Transit Street Ry
Net.
$517,990
$411,544
$106,446
4,638,891
2,076,148
199,534
58,251
551,108
2,676,316
1,273,117
109,693
37,6^9
347,183
1,962,575
803,031
89,841
20,572
203,925
$8,041,922
$4,855,532
$3,186,390
* These oompanies have since been consolidated, forming the Elizabeth & Raritan River Street Ry.
EARNINGS OF UNITED ELECTRIC
CO.
OF
NEW
JERSEY.
12 mos. to Jan. 31
Gross.
Interest.
Net.
Bal.,sur.
1903-04
$2,065,730
$832,876
$736,971
$95,905
1902-03
1,854,305
744,264
698,533
45,731
Road—Comprises 643 miles of street railway track In New Jersey.
OFFICERS— President, Thos. N. McOarter; Vice-Presidents, Randal
Morgan, Col. A. R. Kuser, Albert B. Carlton and John J. Burleigh;
Secretary. Frederic W. Evans; Treas., Jas. P. Dusenberry; Comptroller,
Percy S. Young; Gen'l Auditor of Street Ry. Dept., M. R. Boylan.—V.
78, p. 107, 1168, 1224, 1550, 2385.
North Jersey Street Ry. Co.
ORGANIZATION—In January, 1898, the North Jersey Street Railway
absorbed the Newark & South Orange, 18 miles; in May, 1898,
leased the lines of the Consolidated Traction Co. for 999 years.
Stock.
None
$500,000
Funded debt.
Miles.
83
12
41 »«
6,000,000
504,000
Jersey City & Bergen RR
1,000,000
* 100,000
Jersey City Harrison & Kearney Ry. 10
Newark Plank Road
162,000
44b
Passaio & Newark Elec. Trao
10%
1,000,000
Port Richmond & Bergen Pt. Ferry
4,000 shares
* On this $18,000 has been paid In.
$5,850,000
500,000
258,000
550,000
JERSEY CITY & BERGEN RAILROAD—
Road—Owns from Jersey City to Bergen Point, etc., total track, 41 >g
(2)
miles. Controlled by Consolidated Traction Co., all the stook being
deposited as part security for the Traction Co. 1st mortgage.
Interest. Outstand'g.
Date.
Maturity
STOCK
.BONDS—
Stook
$l,000,000f.p
o*.
Jan. 1,1923
1st mortgage ($1,000)..
1873 4»a J. -J.
258,000
Bonds.— The bonds (originally 7s) matured Jan. 1, 1903, but were
extended as 4^8 for twenty years from that date.
&
NEWARK PASSENGER RAILWAY—Electrlo.
(3)
On July 29, 1893,
16, 1890.
leased to New Jersey Traction for 999 years, and so controlled by the
New
Consolidated Traction Co. of
Jersey, the N. J. Traction Co. having been leased to the Consol. Traction Co. of N. J. Jan. 2, 1894, for
999 years. Charter said to be perpetual.
LEASt AND Rental—Rental under the lease, $105,000 yearly.
Por. Interest. Outstanding.
Maturity.
BONDS—
STOCK
Stock.
$6,000,000 Own. by C.Tr.
$100 Text.
ORGANIZATION— Incorporated June
&
OramreA
Newark 1st M...
M
Orange
<fe wewara
M
Essex Pass. oons.
NewarkPass.Ry. 1st con.
A-O
496,500
f«o$6
©g int. at Manhattan Tr.
I
£
&5t 6
1,000 5
M-N
1
753,500
Apr.
1,
1906
Co., N. Y. City.
Nov.
1,
1905
J-J
July 1, 1930
4,600,000
tt.1890, $6,000,000 g...o* S Manhattan Trust Co.. New York, Trustee.
The $6,000,000 stook is all deposited as security for the Consolidated
Traotion Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey
City
on other bonds at Manhattan Trust Co. of New York. The
oonsols are guaranteed principal and interest by the Consolidated
Traction Co. of New Jersey, and in February, 1895, the guaranty wae
Stamped on the bonds. V. 59, p. 969.
Consol. Bonds—Of the $6,000,000 consols, authorized $1,250,000 are
reserved to retire liens.
ROAD— Sept. 1904, aggregated 83 miles of traok.—V. 70, p. 1049.
)
g.
;
RAPID TRANSIT STREET RAILWAY.
part of Consolidated Traotion system.
Interest.
STOCKi BONDS, Etc.—Par.
V. 66,
Outstanding. Last div.,
etc.
Stook, trustees' certs
11% J-D 30
$504,000
See text.
5
1
g
"°
i' 000
500
000
5
r
X ' 1921
S
P
1uw!c t to c a°li ai)
6 ° f FideUty Trust Co., Newark,
110 & int .anytime
N ">- L rustee.
after April 1 1901. J
Dividends of 11% per cent yearly are guaranteed by the Newark
Passenger and New Jersey Traction oompanies upon the trustees' certificates issued for stock. Miles of traok 12-07.
HPTV™^
'
A
-
,
(5)
Total
,
CONSOLIDATED TRACTION OF NEW JER8EY—
(1)
A
PROPERTIES.
Oper. Expen.
Grots.
&
ORGANIZATION—In February, 1892, leased to Newark Passenger Railway, and inoluded with it in lease to New Jersey Traotion, c*nd so forms
..1
Orange & Passaic Valley
Somerset Union & Middlesex Lighting
Camden & Suburban Railway
Elizabeth & Raritan River Street Railway
In Feb., 1902, decision affirming the validity of this
p. 664, 955, 1141
lease (V. 74, p. 380), was given, but case was appealed. V. 74, p.
428. Lease again upheld Feb., 1903. V. 76, p. 382.
On Sept. 29,
Maplewood Traction
1903, leased in perpetuity the South Orange
Co., for terms of which see V. 77, p. 824.
Right to Tax Franchise— In Jan., 1902, the New Jersey Court of
Errors and Appeals deoided that the local authorities could not tax
the company's franchises. V. 74, p. 281.
(4)
8
6
1547
. .
N.
,
Organization—Incorporated in New Jersey on May
&
:
PASSAIC &
NEWARK ELECTRIC TRACTION—A trolley road.
Organization— Incorporated April 30, 1895, and acquired all the
$1,000,000 stock of the Passaic & Newark Eleotrio Ry. Consolidated
Traction Co. of N. J. owns all the stock and guarantees the bonds.
Date. Interest. Outstand'g. Maturity.
Stock & BONDS—
Stock., $1,000,000 (par $100)
$1,000,000
1st M„$l,000,000,guar. p&i. 5 1897 5
J-D
550,000 June 1, 1937
by Consol. Trac. of N. J... \ Int. atN. J. Title Gu. & Tr., Jersey City.
ROAD— Owns 10*78 miles of track.
(6) SOUTH ORANGE & MAPLEWOOD TRACTION —Trolley.
This company was leased on Oct. 1, 1903, to the North Jersey St. Ry.
(now vpart of Public Service Corporation) in perpetuity, the rental
being $2,000 for first year and increasing $500 yearly until ninth year,
when $6,000 is paid, which amount is to be paid thereafter. Rental is
guaranteed by Public Servioe Corporation of New Jersey.
Organizat'on— Consolidation in July, 1901, of the South Orange
MaplewoodTr.Co.andthe 8outh Orange & Maplewood St. Ry. Stock authorized and paid in to September 1, 1904, $200,000. No bonds.
ROAD— Total, including sidings, 5'5 miles.— V. 77, p. 824.
&
STREET RAILWAYS.
1548
JeraeT City Hoboktn & Paterson Ky.
Organization— This la a consolidation Nov., '99, of the following
properties: Jersey City Hoboken & Rutherford Electric; North Hudson County (controlling the Hudson & Bergen Traction and the Pa-
vonla Horse RR.); Palisades RR.; Paterson Central Electric; Paterson Horse RR.; Paterson Passaic & Rutherford Electrio; Paterson Railway; Saddle River Traction; White Line Traction, formerly the New
Jersey Electrio. On Jan. 1, 1904, operated 14502 miles of track.
Date.
Interest. Outstand'g. Maturity
BONDS—
mt „ „„,* ( 1899 4g.M-N$12,8 19,000 Nov.1,'49
.„„.,,
Bonds of Constituent Companies— North Hudson County By.
Date.
Outstand'g.
Interest.
6 J.-J.
- JT _ JT
Maturity.
620,000 Jan. 1, 1914
)
1. 1928
Julv i,ia«
18SS
2
^/8,uuu
378 000 jiuy
1888 &
J
1,292,000 Mayl,1924
1894 5 M.-N.
100,000 Feb. 1. 1915
51895 5 F.-A.
Central Trust Co., New York, Trustee.
}
50,000 Aug. 1, 1907
6 F.-A.
51890
™ .
ru<~
City «
Ry.
Paterson
£ Interestat First National B'k of Paterson.
Paterson Ry. Consol. M., J 1891 6g,J.-D. 1,000,000 June 1, 1931
g.,$l,250,000 ($1,000) ..o i Knickerbocker Trust Co.. N. Y Trustee.
300.000 Oct., 1, 1914
6 A.-O.
Paterson Ry. 2d gen. mort,, 5 1894
$300,000, red.at any time i Paterson Savings Institution. Trustee.
6J.-D.
$200,000 June 1, 1908
1888
Paterson Ry. 1st M
1,006,531
"Other Debts" Deo. 31, '03
Bonds —The second 5s of the North Hudson County Ry. expired May
1,1904, but were extended until May 1, 1924. Set* V. 78, p. 1392.
These bonds are redeemable at 110 and interest on any Interest date.
1st mortgage ($1,000)...
Consol. mort. ($3,000,000)
$620,000 to retire IstM.o*
2d mortgage ($1.000)
tt,
^
Z Ext.
-b 4.
iw
Weehawken
M
™
M
,
78, p. 1392.
Index- V.
BERGEN TURNPIKE
(1)
CO.
ORGANIZATION— Originally chartered on Oct. 27, 1802, with $53,990
capital ($10 shares) and owns the turnpike from Hoboken to Hackensack, a distance of 12 miles, over which an electric road was constructed In 1902. Jersey City Hoboken & Paterson Ry. owns a majority
of the stock and guar Its $1,000,000 5 per cent bonds.dated 1901, principal and interest. N. J. Title Guar. & Trust Co., Jersey City, Trustee.
Orange
&.
Passaic Valley Ry.
900 years from Nov. 1, 1903, to ^Public Service Corporation for Interest on the trust certificates issued in exchange for stock.
Organization— Incorporated in 1898 as successor of Suburban
Leased
for
Traction Co.; sold in foreclosure July
BONDS—
Date.
iflttrmrt
«1 e\nc\ ooo
mort., $1,000,000
1st
J
f
6,
1898.
Elizabeth Plalnfield
Sc
Maturity.
Outs'ding.
Interest.
1898
5 J-D
N j Tit Guar
Dec. 1, 1938
$733,000
Tr Co of j er8 e y C'y, Tr.
&
Central Jersey Ry.
Leased to Public Servioe Corporation for 900 years from Nov. 1
1903, for interest on the trust certificates issued inexchange for stook
Organization— Chartered in November, 1900, as a consolidation of
the Plalnfield Street Ry. and various other companies.
Maturity.
Interest. Outstanding.
Date.
BONDS—
Deo. 1, 1950
$1,922,000
5 g. J-D
1st mtge. $2,500,000)1900
($1,000), gold, o*. No [ Interest at Fidelity Trust Co., Newark,
s.f & cannot be called ) trustee.
1942
100,000
J&J
Plalnfield St.Ry. IstM.,)
Int. at Fidelity Trust Co. Ne wark.
($1 ,000) c* call in 1904 5
bonds,
is
held for
$478,000
Bonds— Of the total issue of 1st mtge.
future betterments or extensions and $100,000 to provide for like
amount of the Plalnfield St. Ry. Co. bonds.
.
,
United Electric Co.
BONDS
Date.
Interest.
Outstanding.
Maturity.
$17,979,000 June 1, 1949
gold (*500 & $1,000) 5 Int. at N. J. Title Guar. &TT Co J.C., trustee
445,000 June 1, 1938
5 g. J-D
Con. LI., Heat & Pow. ) 1898
$1,000,000 ($500) g., 5 Int. atN. J. Title Guar.& Tr. Co J.C., trustee.
412,000 Oct. 1, 1938
No. Hud. Lt. tf eat & P. > 1898
5 g. A-O
$2,000,000 ($1,000).. 5 Int. at N.J. Title Guar. &Tr. Co., J.C., trustee.
Bonds- In addition to the above there are $115,000 Con. Lt. H. <fe
Pow. bonds in hands of trustee. $1,701,000 1st mtge. bonds are reserved to retire the $ '72,000 prior liens on following basis: $175 1st
mtg. bonds for $100 prior bonds and $20 cash.
1st mtge. $20,000,000,
4g. J-D
1899
;
,
,
COMPANIES LEASED BY PUBLIC SERVICE CORPORATION.
Essex & Hudson Gas Company.
This company is leased to the Publlo 8ervice Corporation for 900
years from June 1. 1903. Bee terms farther above. The United Gas
Improvement Co. owns a majority of the stook.
Organization-— Incorporated In New Jersey in November, 1898,
and leases the Newark Consolidated Gas Co. for 999 years from 1898
at a rental of all fixed charges and dividends on the $6 000,000 stooK
of that oompany, commencing at ^ per cent on July 1. 1900 and increasing ^ per cent yearly until 5 per cent is reached In 1910; thereafter 5 per cent pur annum.
&
Date. Interest. Outstand'g. Maturity.
BOND8—
STOCK
Stock, $«,50U,000 ($100)
$6,500,000
New'k Cons. Gas cons. M.. ) 1898 5g. J-D
6,000.000 Deo. 1, 1948
Fidelity Trust Co., Newark, Trustee.
$10,000,000, g ($1,000) o*5
N
BI
()0
,<
Oro'iLOOoV*. .^ ! n i 1895 6 Q"J 4.0C0.000 Apr. 1, 1944
Bonds Of the'$l6,66d.6oO Newark Con. Gas bonds, $1,000,000 are
,
*.
.
reserved to retire underlying liens.
Plant—Owns entire gas plants in the territory between Passaic and
Elizabeth, including Newark.— V. 67, p. 1002, 1160.
Hudson County Gas
Co.
This company is leased to the Publio Service Corporation for 900
years from June 1, 1903. See terms Iurther above.
Organization.— Incorporated in New Jersey in October 1899, and
Is a consolidation of the various gas plants In Jersey City and Hoboken.
Interest.
Date.
Outstand'g
Maturity.
BONDS.—
St OCK
&
Stock. $10 500 000, $100
8e ' * 10 500 000
l8
$10,500000
1899 5g., M-N
9,967,000 Nov. 1,1949
£
Plant. -Controls all gas plants In Jersey City, Hoboken and Hudson County, N. J— V. 78, p. 770.
Paterson & Passaic Gas & Electric Co.
This company is leased to the Publio 8ervice Corporation for 900
years from June 1, 1903, See terms further above.
Organization.— Is a consolidation of the various gas and lighting
properties of Paterson aiid Passaic.
'
'
gold
STOCK
&
Bonds—
Date.
Stock, $5,000,010, $100
n . n , mnrt *<iOOOOOO
p
Fnnm
o
gold ($1.000)
iM«r
'
mort
L, 2d mort
Ed El. 111. 1st mort
111 gen. mort
Ed.
Pat El L't 1st mort
Pass Ltg Co oon mort
(
\
1899
Int
£
1866
1868
1892
1^95
1888
1895
Pass Ltg. Co. id mort... 1897
Pass. Gas L 1st mort.... 18y2
Pat Gas
Pat. Gas
L. 1st
H
.
Interest.
Outstand'g.
Maturity.
$5,000,000
K3 9 70 000.. Mar. 1.1949
at Flm National Bank, Paterson, or
First National Bank, New York.
5
50,000 July 1, 1906
5
5,(00 ..April 1,1906
5
150,000... July
1,1912
M "S
5
.
5
g.
398,000... June 30, 1925
6
g.
g.
g.
g.
316,000.. .May
1,1925
9,000..
Annually.
50,000.. .June 1, 1922
5
5
6
52.000. .May
1.1908
[Vol, lxxix.
Bonds.— Of the new $5,000,000 mortgage of 1899. $1,030,000 are reserved for underlying liens. The new bonds are not subject to call.
The Paterson Safe Deposit & Trust Co. is trustee.
Somerset
I
nlou & Middlesex Lighting Co.
in New Jersey on Dec. 1, 1903,
Organization— Incorporated
in the
interest of the Publio Service Corporation, as a consolidation of the
Somerset Lighting Co., of Somerville, N. J., the Plalnfield Gas
Electric Light Co. of Plalnfield, N. J., and the Citizens' Electric Co. of
North Plalnfield. (V.78, p 107.) On Dec.31, 1903, the Central Electrio
Co. was also merged in the same.
Lea&E—The company is leased to the Publio Service Corporation for
900 years from Deo. 31, 1903, on following terms, viz: all interest,
expenses and taxes to be paid by Publio Service Corp. and as rental a
dividend on the stock accruing as follows: From Deo. 1, 1905, 1 p.c;
Deo 1, 1906, l's p.c; Deo. 1, 1907. 2 p.c; Dec. 1, 1908, 2^ p.c ; Dec.
1, 1909, 3 p. c; Dec.l, 1910, 3 1* p.c; Dec. 1,1911, and thereafter 4 p.c.
Date. Interest. Outstand'a. Maturity.
STOCK
BONDS
Stock, $1,050,000 ($100)
$1,050,000
See text.
Somerset
&M.Lt Co. M.,) 1903 4 g. J-D 1,1 27,869 Dec 1, 1943
$2,750 000 ($l,0i 0),g..c* 5 Int. at Fidelity Tr. Co., Newark, Trustee.
&
&
U
.
Underlying bonds assumed.
A-O
Gas Light 1st .... 1890 5
60,000 Oct. 1, 1905
J-J
5*891 5
110,000 Jan. 1, 1911
Plalnfield
fl9 Ast
i-iainneld fi
Gas
Elec 11st..
& Finn
J Cen tral Trust Co., New York. Trustee.
40,000 Nov. 1, 1915
5 1895
5
Piti7«T1 «'F!«fttrln
Citizens
Electrio isi1st
J Knickerbocker Tr. Co., New York, Trust.
Plainfleld Gas & Elect. Lt. ) 1900 5
A-O
205,000 Apr. 1, 1940
gen. M., $500,000.
5 Morton Trust Co., New York, Trustee.
F" A
5
150,000 Feb. 1, 1936
le-hri™ Co.
r-o 1st.
1st j 18
Somerset TLighting
J Fldpmy Trust Co> Ne wark, Trustee.
Cent. Elec. 1st M., $750,000 \ 1900 5 g. J-J
700.000 July 1, 1940
'$500 & $1,000), g
o* 5 Int. at Fidelity Tr.Co.. Newark. Trustee.
Bonds -$1,1 27,869 of the 1903 bonds were issued in exchange for
the stocks of the companies consolidated; $846,125 are reserved for
additions and extensions or acquiring other property; $1,006 for the
Central Electrio stock not yet acquired (the oompany having previously obtained the remainder of the $750,000 total stock of
that company) and $775,000 to retire the underlying bonds. No finking fund and bonds cannot be called. Of the $500,000 Plainfleld Gas
& Elec. general 5s, $210,000 are reserved for prior liens and $85,000
for construction. Of Central Electrio Co. bonds, $50,000 are reserved
to retire a like amount of Middlesex Electric Co. bonds.
The Central
Electrio bonds are subject to call after 1905 at 110 and interest.
President. H. G. Runale; Secretary, J. C. Pope. V. 78. p. 107.
Plalnfield
MN
"
South Jersey Gas, Electric A Traction Co.
This oompany was leased to the Public Service Corporation for 900
years from June 1, 1903. See terms further above.
Organization— Incorporated In 1900 to bring under one control
the gas, electrio light and trolley interests in Southern New Jersey. In
Dec, 1902, purchased the entire capital stock of the Bristol Eleotrio
Light & Power Co of Bristol, Pa.; the latter has no bonded debt.
Also owns the entire capital stook ($600,000) of the Camden Gloucester & Woodbury Ry. All the latter's 1st mortgage bonds have been
turned in and oanceled. The corporate existence of the railway is,
for legal reasons, maintained, but it is operated as part of the property
of the South Jersey Gas. Eleotrio & Traction Co.
Outstand'g.
Maturity.
STOCK
BONDS— Date. Interest.
Stock, $6,000,000
$6,000,000
New M., $15,000,- > 1903
5g. M-8
7,555,000
Mar. 1, 1953
000, g. ($1,000). V Interest at Fidelity Trust Co., Newark, N. J.,
&
guar
Tr 6 t0
i
iS
Trustee.
c* )
M ° «9 ono
1
'
I
000, g!\$l,000)'.
)
Burlington Gas I*
Co. bonds.
5
18 99
2,000,000
5g. M-8
Intere8t »* Colonial Trust Co., N.
1900
\
Int. at
March 1,1949
Y„ Trustee.
May 1,1920
5g M-N
100,000
Burlington City Lo & Tr. Co
,
Burl'n, N. J.
Bonds.— Otihb new $15,000,000 Issue, $2,111,000 are reserved to
retire prior liens and $5,334,000 for additions and Improvements.
No sinking fund and bonds cannot be called. These bonds are guaranteed by the Publlo Servloe Corporation. The Trenton Gas <fe Eleotrio Co. bonds are also guaranteed by the Publio Service Corporation.
Road— Jan. 1, 1904, the Camden Gloucester & Woodbury Rv. owned
24-78 miles of track.— V. 76, p. 332, 544, 866, 1144, 1250; V. 78, p. 1449.
Camden
A Suburban Rr.
leased on May 1, 1904, to the Publio Service Corporation for
999 years, rental being (in addition to fixed charges) $30,000 the tirst
year (1905), $36,000 the second year, $42,000 the third year, $48,000
the fourth year, $54,000 the fifth year, $72,000 the sixth year, $84,000
the seventh year, $96,000 the eighth year, $108,000 the ninth year
and $120,000 the tenth year and thereafter. V. 78, p. 2383.
Organization— Formed in 1896. Controls the Camden Horse RR.
(which is leased) and the W^st Jersey Traction Co. (stook, $65,000).
Date.
Interest.
OuMandimi.
Maturity.
BONDS—
STOCK
StoOB. $3,000,000, ($25)..
$3,000,000 (20% pd.)
5 J-J
1,302,000
July 1, 1946
1st mortgage, $3,000,000, J 1896
gold ($1,000)
.. Unt.atN.J.Tr.&S.D.Co.,Camden,N.J.,trus.
"Other debtt." Deo. 31, 1903
367,222
Earnings For year 1903 gross Income from passengers, $532,198;
other income, $18,910; total income, $551,108; operating expenses and
repairs, $347,184; balance, surplus, $203,924.
Road— Track, 5037 miles; Camden Horse RR., leased, 30 ll m.;
West Jersey Traction Co., 3'19 m.; total, 83 67 miles. Connection
through to Trenton is made over the Camden & Trenton. T. 78, p.
1781, 2383.
Was
&
QF
-
CAMDEN HORSE RR.-A trolley and horse road.
)
Organization— Incorporated March 23, 1866. Leased to the Camden
& Suburban Ry. from April 1, 1896. Rental, etc, reoelved In 1903,
(
$55,600, from which paid 22 p.
Date.
Bonds—
Stock
Stook ($25) paid in
&
1st mortgage
1st cons. M. ($500,000
c on
stock.
Outstand'g. Last div.,
Interest.
See text.
$250,000
250,000
5
etc.
See text.
1909
1892
5 M-N
250,000 May 1,1912
New Jersey Trust Company, Camden, N. J,
Dividends— 1896, 14 p. c: '97. 16 p. c; '98, 18 p. c; '99, 18 p. c; '00,
20 p. c '01, 20 p. c; 1902 and 1903, 22 p. c
($500)
Interest payable at
;
ROAD.— Has 30*1 1 miles of track.
Elizabeth &, Raritan River Street Ry.
Organization.— Is a consolidation on April 30, 1904, of the Middle& Somerset Traction Co. and the East Jersey Street Ry., which
latter company bad previously ubsozbed the Raritan Traction Co., the
Perth Amboy RR. and th« East Jersey Traction Co. Is leased to the
Public Service Corporation for 900 years from May 2, 1904, upon
guarantee of interest on outstanding bonds of lessor company.
sex
STOCK
&
Bonds—
Stock, $3,500,000
*•? 500 OOO
Oen
mtge., $J,500,000
Gen. mtc-e
Date. Interest
5
J
Brunswick Traotion mtg.. g.
($1.000),c* cannot be called
Middlesex & Somerset Trac,
)
5
>
Ontsiand'u.
Maturity.
$2,000,000
1904 5 «N
500,000 May 1, 1964
Fidelity Trust Co., Newark, Trustee.
1896 5g. J-J
500,000 July 1,'26
Fidelity Trust Co.of Newark, Trustee.
1900 5 g.J-J $1,000,000 Jan. 1.1950
M
"
g..$l,000.M..$1.50O,000.o A 5 Int. atFidelity Tr. Co., Newark, Trustee.
East Jersey 1st mtge., $500,- ) 1904 5g. M-N
425,000 May 1, 1944
5 Perth Amboy Tr. Co., Perth Amboy, Tr.
000, gold
Bonds.— Of the new general mortgage of 1904 $2 000,000 are reserved to retire prior liens and $1,000,000 for lmprov ments. Of the
East Jersey Htreet Ry. 5s of 1904 $75,000 are reserved to retire a .like
amount of notes.
ROAD.— Operates 60-78 miles of track. V. 78, p. 2384, 2442.
—
STREET RAILWAYS.
Oct., 1904.]
JOHNSTOWN,
PA.
PASSENGER RY.-A
JOHNSTOWN
Pennsylvania on May
Incorporated
trolley road.
Organization.—
Stock & Bonds—
Date.
In
Interest.
8, 1882.
Outstanding. Maturity.
$2,000,000
See text.
Q-M31
Stock, $2,000,000. par $50
229,000
1910
1st mortgage, $250,000 ) 1890 6 g. M-S
o* S Int. at Fidelity Trust Co., Phha., Trustee.
($1,000) gold
0o S; t5&" * 800 >°° ' 5?]£) 1899 4 g. J-D
399,000 Deo. 1, 1929
($1,000), can be called £ int. at Guar. Trust Co., N. Y, Trustee.
*
c*)
any interest day
1,350,000 Deo. 1, 1931
New niortg'ge, $2,000,000 > 1901 4 g. J-D
0*5 Int. at Johnstown Trust Co., Trustee.
($1,000) gold
Bonds-Ot the new mtge. of 1901, $628,000 is reserved to retire
underlying liens and $22,000 to provide for the floating debt. Entire
Issue may be called at any time at 105 upon 30 days' notice.
Dividends— In 1894, July 1, 6 p. c; in 1895, 12 p. c; 1896, 6 p. c;
1897, 6 p. o.; 1898, 6 p. o.; in 1899, 8 p. c; in 1900 (on new stock) 4 p.
p. c; June 30,
c; in 1902, none; in 1903, 2 p. c; in 1904, March 31,
p. c; Sept 30, 13 P- o.
EARNINGS— Year ending Deo. 31.1903, gross, $345,104; net, $187,091; interest, $84,133; surplus, $102,958.
Road—Owns and operates about 33 miles of track, including an extension from Johnstown to Windber, 11 miles, completed on Jan. 1, 1902.
Officers— President. T. C. Du Pont, Wilmington, Del.; Vice-Pres.,
William R. Thomas, Johnstown; Sec, S. E.Young, Johnstown; Treas.,
Herman Baumen, Johnstown.— V. 72, p. 936; V. 73, p. 662, 1313.
^
^
JOLIET, ILL.
JOLIET PLAINFIELD &
trolley road.
AURORA
RR.-A
&
Interest.
Outstand'g.
Date.
Maturity.
BONDS—
STOCK
$400,000
Stock, $4u0,0c0 ($K0)
Aug. 1, 1938
5 g FA.
300,000
1st mortgage, $400,000, ) 1903
o*Ar5Int. at Federal Tr.&Sav. Bk.,Chioago,Tiust.
gold ($1,000)
Bonds— Are subjeot to call any interest date after 10 years at 105.
ROAD— la to operate 20 miles of traok between Joliet and Aurora,
Joliet Electrio and
thereby forming a connecting link between Chlo.
Aurora Elgin &Chioago. In operation, 14 miles, from Joliet to Normantown. Remainder to be in operation about Oct. 10, 1904. Has
long-time contract with Ohio. & Joliet for use of terminals at Joliet
and gets its power from that company. 60-lb. T rail, standard gauge.
OFFICERS— Pres. and Treas., F. E.Fisher; Vice-Pres. and Mgr., H. A.
Fisher; Secretary, F. E. Stoddard; 8upt., L. D. Fisher.- V. 77, p. 1294.
&
KANSAS
CITY, MO.
KANSAS
CITY RAILWAY & LIGHT
1549
Of the Metropolitan consolidated mortgage lor $8,500,000 enough
were reserved to retire when due the existing bonds of the Corrlgan,
Metropolitan, Grand Avenue and Kansas City Cable issues described
In the table above, amounting now to $4,156,000. The Kansas City
Cable and Summit 8treet mtgs. fell due April 1, 1901, but were extended by endorsement for 10 years.
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed,
principal and interest, by endorsement by the Metror olitan Street Ry.;
so are the 2d M. general 4s. The guaranty on the latter was 3 per oent
per annum until July, 1895. and sinoe then 4 per cent. For form of
guaranty, see V. 73.
p.
1160.
Dividends— First dividend, l^ per cent on preferred stock, was paid
on June 1, 1904, »nd 1*4 p. e. was again paid on Sept. 1, 1904.
REPORT— For year ending May 31. See report in V. 79, p. 1329.
1904—
Gross earnings
Operating expenses
Railway.
$3,397,436
1,880.008
Net earnings
Otherincome
Interest and taxes
$1,517,428
5,689
1.163,135
Light.
Total.
$480,^22
210,164
$3,878,357
2,090,171
$270,758
$1,788.1-6
5,689
1,253,022
89,887
$180,871
$359,982
$540,853
Rev<n r e passengers carried, 66,995 933; trans'er passengers carried,
29,242 368; total, 96,238,301.
ROAD.— May 31, 1E04, comprised 94 miles of road and 193milesof
Surplus
traoir.
OFFICERS.— President, Bernard Corrlgan; Seo. and Treas.. W. E.
Kirkpatr.ck; Auditor, J. A. Harder.— V. 78, p. 1906; V. 79, p. 13*9.
KENNETT, PA.
CHESTER
KENNETT & WILMINGWEST
RY.
ELECTRIC
TON
Receivership.— On .iune 22, 1904, Bayaid Henry was appointed receiver, it being stated that the April 1903, and subsequent coupons
were in default. See V. 79, p. 105, 502.
Organization— Incorporated in Pennsylvania.
&
Date.
Interest. Outstanding.
Maturity.
BONDS—
Stock
Stook, $1,000,000 $50
(?)
$600,000
1st mort., $750,000, gold) 1902 5 s. A-O
Oct. 1,1932
($500 and $1,000). ...c 5 Int. at West End Trust Co., Phila., Trustee.
Road— About 16 miles of traok between Avondale. Kennett acd
Wilmington. Gauge, 5 ft. 2>4 in. 60 and 70 lb. T and girder rail.
OFFICERS— President, Thos. B. Hal), Camden, N. J.; Vice Pres., Wm.
». Heald. Sec. and Treasurer, T. H. Patst, Phila.; Supt., O. D. Henry.
V. 79, p. 105, 502.
.
.
—
CO-
KENOSHA, WIS.
KENOSHA ELECTRIC
RY.-A trolley road.
Organization— Incorporated in 1903 in New Jersey, and has acquired more than 95 per cent of the outstanding capital stock of
Franchise is for fifty yf ars from June 2, 1902.
Organization.—
tne Metropolitan Street Railway of Kansas City and all the stock of
Date.
Interest. Outstan-d'n.
Maturity.
STOCK A BONDS—
the Kansas City Electric Light Co. (Plan In v. 76. p. 1143.) Through
$150,000
Metropolitan Street Railway siock.the Kansas City Railway & Light Stock, $150,000. $100. ...
1903
150.000 May 1, 1923
>
5g. M N
Co. acquires the stock of the Central Electrio Railway Co. and prac- 1st mtge., $200,000
c'slnt at Northern
them Tr. Co.,
Co. Chicago. Trustee.
gold ($l,00O)
tically all of the stock of the Kansas City Elevated Railway Co., and
Bonds.— Are subject to call alter May 1, 1908, at 105 and interest.
through the stock of the Kansas Cltv Eleotrlo Light Co. it acquires the stock of the Edison Electrio Light & Power Co. (of Kansas
EARNINGS.— For 3 ear ending March 31, 1904, gross, $26,037; net,
the Standard $11,656.
City), the Consolidated Electrio Light & Power Co
Electrio Light Co. and the Kansas City Electrical Wire Subway ComR' AD— Operates 4-1 miles of track in Kenosha and to North and
,
pany—except, of course, in each Instance the qualification shares held
by directors. Controls all the street railway, electric-lighting and
power business of Kansas Citv.
Street Raittcety Franchises.— The franchises of the railway lines in
Kansas City, Mo., in which city the greater part of system is located,
have been recently revised and confirmed, and franchises granted for
extensions and valuable trackage rights In newly populated portions
of the shopping and delivery districts, all of whioh franohlt es are operative to the uniform date of June 1,1925. The railway franchises
In Kansas City, Kan., have recently been renewed and authority given
to build extensions, all for the maximum period for whioh the oity
had power to grant the same, namely to Deo. 19, 1922. By the terms
of the franchises the rate of fare is definitely fixed at 5 cents, transfer
privileges are provided, and the taxes practically limited to 8 per cent
of the annual gross receipts.
Mlettric Light Franchise.— The franchise of the Kansas City Electric Light Co. Is perpetual.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Common, $12,5< 0,000
$9,600,000
Pref. 5%,n.c, $12,500,000
5 Q-M
9,500,000 Sept. '04, IM%
soo - < 1903 5 K- M_N15 8.000,000 May 15, 1913
lit Hen refund '
Seo - & TruBt Co -> New York Trustee.
nrto
nhn SSm
«?2Ci
gold
o&r l Int at
000,000,
Co , a agenov in KaE8a8 Clty or N . y.
Underlying Liens.
Corrlgan Con. St. Ry. 1st) 1886
$606,000 July 1, 1916
M. ($1,000) drn. at 110. 5 Int. at Central Trust Co., N. Y., Trustee.
Met. St. Ry. gen. mort. < 1889 5 g M-S
1,000,000 Sept. 1, 1909
($1,000,000), gold
) Int. at New Eng. Trust Co., Boston, Trust.
K. C. Cable 1st M., ext. In) 1887 5g. A-O $1,050,000 Apr. 1, 1911
gold, 1897, guar. p. <fe i.,> Int. Is payable in N. Y. by Blair,
Co.
ext. in 1901; red.atl02i3>andin Boston by New Eng.,Tr. Co., Trustee.
U
8
8 ee
-°
$300,000 Apr. 1,1911
ext in i8w'a°ndU 887
Redeemable at 102i<j at any time.
again in 1901 .....
>
&
M
NY
-
5gJ-J
&
^
5A
Grand Avenue RyV'lst) 1888 5g.J-J10 1,200,000 July 10*, 1908
mortgage, gold
o s Central Trust Co., N. Y., Trustee.
Metroplitan St. Ry. oon. C 1895 5g. M-N
4,344,000 May 1, 1910
mortgage,
$8,500,000, < Not subjeot to call before maturity.
gold
c* (Int. at Old Colony Trust, trustee, Boston.
2,000,000 May 1, 1914
5 g M-N
Cut FlPo Rv 1st mort (1899
$2 Hoo ooo Jh
oooTnirt" J Int at Colonial Trust Co., N. Y., trustee. _
<$l,000)gold,^
$2500,000
Bond8 may De oalled ftt 1Q5 ^ n any ln
-
'
8
ParkfConneo. Ry.,
guaranteed
terest
day on 30 days'
i. }
1898
6
\
U. S.
1
&
notice.
Feb. 1, 1908
30,000
Co., Kans. City, Trust.
July 1, 1911
250,000
Ea,st Side Finn, R.v 1 at M 1 1901 5 «• J_J
Int a t Colonial Trust Co., N.Y., Trustee.
*l\o ooo ffoid f*i
nooV
(
<* 1 000
)p.
....
& Mexican Tr.
South Kenosha.
Officer '.—President, Bion J. Arnold, Chicago; Seo. and Treas.,
Ralph G. Arnold, Chicago.-V. 78, p. 1497, 2012; V. 79, p. 105.
KEOKUK,
KEOKUK ELECTRIC
trolley road.
f
J
Wm.Huttigof Kansas City
is
&
-V. 71,
p.
182.
Controlled
Kansas City Elevated Ry.
1st M. pref. ($600,000)
1892
g. ($1,000) guar, p &i.o*
2d M. een'l ($2,000,000) > 1892
Company.
N.
J.
JERSEY CENTRAL TRACTION
CO.-Trolley.
as the Keyport & Mattawan Street BR., a horse line, but has been operated aa an electrio railway since July, 1901, and name changed as above on Oct. 4, 1901.
Company also owns 465 of the 500 shares of stock and all of the
bonds of the Middlesex & Monmouth Electrio Light, Heat & Power Co.,
which furnishes light to Keyport, Matawan and South Amboy.
Outstand'g.
Date.
Interest.
Maturity.
RondsSTOCK
Stock, $1,000.000
$1,000,000
1901
Nov. 1, 1931
1st mtge., $750,000 5
5 g. M-N
750,000
gold ($500
$1,000) < Colonial Trust Co., Phila., Trustee.
Road— Owns and operates 7 miles of road from Keyport through Matawan to Freneau. An extension of 19 miles from South Amboy through
Keyport and Belford to Red Bank was completed in April, 1904.
Branch of 3 miles to be built from Belford to Atlantic Highlands.
60 lb. T and 70 lb. girder rails. Nearly all over private right of way.
OFFICERS,— Pres., Thos. B. Hall, Camden; Seo. and Treas ,T.H. Paist,
653 Drexel Building, Phil.—V. 76, p. 1300.
Organization— This was formerly known
&
&
KEY WEST,
FLA.
KEY WEST ELECTRIC CO--A
trolley road.
in 1898 and does entire eleotto entire street railway business" of the city. Franchises are for 99 years. In June, 1904, acquired
the Key West Electric Light
Power Co., and now does the entire
electric business or the city. V. 78, p. 2334.
Date. Interest. Outstanding. Maturity.
Stock
Bonds—
Organization— Incorporated in N.J.
rio light and power business in addition
6gJ-J
4gJ-J
$600,000 July 1, 1922
2,000,000 July 1,1922
g. ($1,000) guar. p. &i. S
Interest at Manhattan Trust Co., N. Y.
Bonds.— Of the new $20,000,000 mortgage of the Kansas City Ry. &
Light Co., $10,780,000 are reserved for underlying liens and $1,220,000 remain in the treasury. These bonds are both coupon and registered, the coupon bonds being In denomination of $1,000 and The
registered bonds in denominations of $1,000, $10,000 and $50,000.
The new bonds are redeemable at 105 and interest on any interest
date. The Metropolitan St. Ry., the Kansas City Electrio Light Co.
and the Central Elec. Ry. in May, 1903, made mortgage rotes aggregating $10,500,000, which are deposited as collateral under the new
Kansas City Ry. & Light Co. mortgage; the share capital acquired of
the Kansas City Elec. Light Co. and the Metropolitan Street Ry. has
also been so deposited.
_
KEYPORT.
also Trustee.
No s.f.,butmay be oalled atparany int. date.
POWER CO -A
Organization.— Incorporated as a consolidation of all the street
railway and electrio light interests in Keokuk. Also operates telephone, electrio light, power, gas and steam-heating plants.
Interest.
Outstand'g.
Date.
Maturity.
STOCK
BONDS
Stock, $400,000.
$400,000
1900 5 g. J.-J.
250,000
1st mtge., $250,000 }
See text.
I Int. at Royal Trust Co., Chioago, Trustee.
($500), gold
Bonds- Of the $250,0C0 gold 5s, $125,000 are due July 1, 1925, the
remaining $125,000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1905 to 1924, inclusive. They
are redeemable at option of the company at 105 and int. after 1905.
Road.— Owns and operates 8 miles of track and has contract with
city for supplying 146 arc street lights at $60 per light per annum for
5 years frowMav 10, 1901.
OFFICERS— Pres. and Man., A. D. Ayres; Vice-Pres , John E. Craig;
Treas., Ed. F. Brownell; Sec, Geo. E. C. Johnson; Supt., A. S. Grenler.
-
'
noteuar
8
IA.
RY. &
&
&
Stock $3< 0,000 ($100)
1st mortgage, $300 000,
$300,000
^25,000
Jan 1, 1929.
gold ($1,000)
) Int. at Knickerbocker Tr. Co., N. Y., Trus.
Bonds.— Bonds have no sinking fund and cannot be called
Road— Operates 5^ miles of track; 60 and tft-lb steel rails; 7 cars.
Extensions and improvements are now under construction. Supplies
about 5,000 16 c.p". lamps and 150 h. p. motors; also isOO lamps under
>
1899
5
g.
J-J.
1
city contract.
OFFICERS— President, Walter H. Knight, New York; Vice Pres. Geo.
W. Allen, Kev West; Seo. & Treas., Chas. A. Murphey, 1 5 Wall St.. New
York; Mgr., O. C. tf. Urban, Key West.— V. 77, p. 250; V. 78, p. 2334.
STREET RAILWAYS.
1550
KINGSTON,
[Vol. lxxix.
LANCASTER, PA.
N. Y,
KINGSTON CONSOLIDATED Re-
LANCASTER COUNTY
organization—This is a consolidation on Deo 11, 1902, of the Kings
ton City Railroad and the Colonial City Traction.
Date. Interest. Oulstand'g
Maturity.
STOCK & BONDS—
Common, $200,000
($100)
$200,000
4% cum., $200,000
200,000 In 1903-4, 4%.
Jan. 1, 1952
1st Con. M. $700,000 1 1901
5g. J-J
534,000
....o*>Int. at Manhattan Tr. Co.,N. Y., Trustee.
($1,000) g
Kingston Oity RR.—
June 12, 1909
1879 7 J1st M., $500 each
15,000
March 1, 1923
Cons., $150,000, ($1,000) < 1893 5M-8
135,000
Not sub.to call bef e mat. I Interest at Farmers' Loan A Trust Co., N. Y.
Pref.
Debentures
June 1, 1905
1900 5J-D
10,000
Bond and mortgage.
On demand.
5quar.
6,000
Bonds— $166,000 of the new $700,000 con. mortgage is reserved to
retire the Kingston City RR. underlying liens.
Road—Embraces 12 miles of track. Rails 70 lb. and 80 lb. 40 cars,
3 snow plows.
EARNINGS— For year ending June 30, 1904: Gross, $123,638; net,
$50,951; Interest and taxes, $39,991; divs., $3,000; surplus, $2,960.
OFFICER8— Prest, Charles M. Preston, 45 B'way, N.Y. City; V-Pres'ts,
C. G. Rwl, Kingston, and A. M. Day, New York; 8ec. Aug. J. Philips,
Kingston; Xreas., Abm. Hasbrouok, Kingston; Gen. Man., O. Gordon
Reel, Kingston; Supt., G. B. te Bow, Kingston.— V. 73, p. 1160.
Organization—Incorporated
in
RY. & LIGHT-
1901 in
New
Jersey.
Has pur-
chased the stocks of the Conestoga Traction (com. and pref.,) the Lancaster Gas Light & Fuel Co., the Edison Electric Ilium. Co., and the
Columbia Electrlo Light & Power Co. of Columbia, Pa., (the latter has
no bonds) and these stocks are placed under the new mortgage of 1901
&
Date. Interest. Outstand'g.
STOCK
Maturity.
BONDS—
Stock, com. ($50), $1,000,000
$1,000,000
do prf. ($50) cum. 1,000,000
1,000,000 Oct.'04, 3%
Mort., $1,000,000 g., $500, >
1901 5 g. J-J 1,000,000 July 1,1951
$1,000
o' s Interest at Lancaster Tr. Co., trustee.
Securities of lines controlled.
Conestoga Tract, 1st mort
LancasterCityRR.,lstM.g.c*5
($100 and $500)
I
W. E. St. Ry. 1st M., $225,000 <
$100, $500 and $1,000 ..c*(
1900 4
J-J 1.277,500 Jan.1,1950
1890 5g. A-O
160,000 Apr. 1,1920
Metropolitan Trust Co. N. Y. , Trustee.
1891 5 M-N
225.000 Mayl,1921
Metropolitan Trust Co.. N. Y., Trustee.
Lancaster* Columbia stook..
37,500 20% annuallj
lstmortgage
1893 5 A-O
225,000 Apr. 1, 1923
Edison Elect. Ilium. Co. mort.
5
49,700 July 1, 1922
Do
do
mort
5
250,300 Jan. 1, 1925
Lan. Gas Light A Fuel, mort
6
70,500 Deo. 1, 1911
Do
mort
do
5
229,500 Jan. 1, 1925
Road— In October, 1904, owned and operated 36-48 miles of road;
leased 63*52 miles, a total of 100 miles, including the Lancaster City
Street Ry., 13*55 miles; Lancaster* Columbia, 9 16 miles; Lancaster
& Lltitz, 10-10 miles; Columbia A Ironvllle, 3-59 miles; Columbia A
Donegal, 5*67 miles; Lancaster Mechanlcsburg & New Holland, 20*62
miles; Lancaster & Millersville Ry., 3-57 miles; Lancaster Willow
Street Lampeter & Strasburg Ry., ll^ miles; the Lancaster & Manheim
Ry., 8 miles; the Ephrata & Adamstown, 8 miles, and the Lancaster
<fe
Rocky Springs, 4*2 miles. The latter four completed and leased
for 999 years at a rental of 6 per cent on stook.
Dividends—The first dividend on the preferred stock (3 p. 0.) was
paid on July 1, 1904, and 3 p. c. was again paid on Oct. 1, 1904.
Earnings—The earnings of the Lancaster Co Ry. <fe Light Co for
fiscal year ending June 30, 1904, were: gross, $148,242; net after
int. and taxes, etc.; $81,259. The earnings of the Conestoi-a Traction
Co. for year ending June 30, 1904, were: gross, $468,762; net,
$224,347. In 1903, gross, $409,182; net, $160,583.
OFFICERS— President, W. W. Guest; Vioe -President, Chas. B. Keller;
Sec. and Treas., J. S.Graybill Jr.; Gen. Supt., C. Edgar Tltzel.
INDEX-V. 73, p. 236; V. 77, p. 196, 951; V. 79. p. 501, 1330.
.
-
KNOXVILLE, TENN.
KNOXVILLE
TRACTION COMPANY-A
light enterprise.
ley and
trol-
electric
In Feb., 1904, control was purchased by Ford, Bacon & Davis of
Property is being reconstructed and re-equipped.
Organization—A consolidation Mar. 30, 1898, of Knoxville Street
RR., Union Ry., Citizens' Ry. and West End Street RR. All the
securities of Knox. Eleo. Light & Power Co., a consolidation of all
the light and power companies in Knoxville, are owned by the Traotton Company, and pledged as part security for the 1st mtg. bonds
below described. V. 66, p. 709. Also controls the Knoxville Park As-
New York.
sociation,
owning two amusement parks.
Franchise is perpetual and gives " practically exolusive " right to
operate street railways In the city.
&
Stock
BONDS—
Date.
Interest.
Outstand'g.
Maturity.
$750,000 Jan.'04,l%
850,000 Apr. 1,'38
Int. at Bait. Tr. & Gu. Co., Bait, True.
tax free($l,000)
5
1901
6 J-J
300,000 June 30'11
Debentures
Interest at Bait. Trust & Guar. Co., Bait.
1st mtg. will have sinking fund of $10,000 yearly after stock pays 5
per cent dividend, but will not be subject to call.
Latest Earnings—For 11 months ending Nov. 30:
Stock, $750,000 ($100)
1st M. of 98. $850,000, gold,
5g.A&0
1898
)
Oross.
Tear.
Charges.
het.
Balance.
$262,771
$125,203
$66,657
$58,546
212.379
94,410
67,910
26.500
Road—Owns about 30 miles of trolley road.
OFFICERS—President, C. H. Harvey.; Vioe Pres., W. S. Shields; Sec,
Leon Fender; Treas. and Auditor, H. T. Bunn.—V. 78, p. 342, 768.
1903
1902
KOKOMO,
KOKOMO MARION
TION CO.—A
trolley road.
&
IND.
WESTERN TRAC-
in Indiana as successor to the Kokomo
In April, 1903, acquired by purchase
Light Co. Owns lighting
the entire capital stoctt of the Kokomo Ry.
plant in Kokomo; also private right of way. Franchises run 50 j ears
The stock will all be lWd in trust by the Security Trust Co. of
Indianapolis until entire road shall have been in operation for four
Organization— Incorporated
Converse
& Marion Traction Co.
A
months.
&
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
See text.
...
Stock, $1,000,000
$700,000 July 1, 1933
1st mortge., $1,000,000, ) 1903 5 g. J.-J.
gold ($500 & $l,«OO.o&r 5 Int at Security Trust Co., Ind., Trustee.
250,000 May 4. 1934
Kokomo Ry. & L't 1st M., ) 1903 5 g. J.-J.
$350,000, n. ($1,000). c&r S Int. at Security Trust Co., Ind., Trustee.
Bonds.—$250,000 are reserved to retire a like amount of bonds of
Light Co. and $50,000 for future betterments
the Kokomo Railway
and extensions. Bonds are subject to call at 105. The Kokomo Ry. &
Light bonds can be called In 1908 at 105.
Earnings— For calendar year 1903 Total gross (Including both Ry.
A Lighting), $62,238; net. $23,447.
ROAD— Operates 11 miles of track in Kokomo and is building a line
of 29 miles from Kokomo to Marlon, of which 10 miles to Greentown is
In operation. Remainder is expected to be completed by June 15,
1905. Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana. Standard Kaujre. 70 lb T rail.
OFFICERS— President, Geo. J. Marott; Vlce-Pres., L. J. Klrhpatrick;
Sec and Gen'l Mgr.,T.C. MoReynolds; Treas., G. Bruner.—V. 77,p. 451.
LANCASTER MECHANICSBURG A NEW HOLLAND RY.—
A trolley road.
(1)
Organization— Incorporated May 16, 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20-62 miles. Is leased
to Conestoga Traction Co. for a rental of 8 per cent on stook. Capital
stock, $300,000. Stock is not owned by lessee. No bonds.
(2)
LANCASTER ROHRERSTOWN & MT. JOY RY.—Trolley.
Organization.— Is a consolidation of the old Lancaster & M f Joy
Elec. Ry. and the Lancaster & Rohrerstown Ry. Co. Incorporated to
build an electric road of 10 miles from Lancaster through LandisvWe,
8alunga, Mt. Joy and Florin. Right of way is being seoured.
Road
is to be leased for 999 years to the Conestoga Traction at rental of 6
per oent on its $400,000 stock. No funded debt. V. 73, p. 236.
(3) EPHRATA A ADAMSTOWN RY.-A- trolley road.
Organization—This company was incorporated with $225,000
capital stook on Sept. 17, 19ol. Owns road from Ephrata to Adamstown, 8 miles, which was leased in 1903 to the Conestoga Traction Co.
for a rental of 6 per cent on the stook. No funded debt.
.
(3) LANCASTER A ROCKY SPRINGS RY.—
Organization. -Operates 413 miles of track. Stook, $200,000. JN»
bonds. Leased to Conestoga Trac. Co. for 999 years at 6 p. con stook.
.
A
:
LACONIA,
N. H.
LACONIA STREET RAILWAY-
OrQANIZATION—Successor to the Laconia A Lakeport St. Ry.ln 1894
Date. Interest. Outstand'g.
Last Div.
STOCK Etc.—
LANSING, MICH.
SUBURBAN TRACTION CO-A
LANSING
&
trolley road.
Organization— Is a consolidation in Maroh. 1904. of the Lansing
Johns A St. Louis Ry. and the Lansing Oity Eleotrin Ry.
Date.
Outstanding.
Interest.
Maturity
Stock & Bonds —
St.
Stook, $1,000,000.
New
(par $50)
$100,000 4%, '94-95
24,000
cum., $40,000
1899 5
90 000 U(k ? l > 1919
" N
Rnnds
authorized *»
$91i.uoo.
000 . \ Int
Bonds authorized,
at
Loan & Tr Co ^ Bo8ton
1904
5
None May 1. 1919
New mtge., $40,000
Dividends— In 1893-94 paid 5. c; in 1894-95 paid 4 p. o.; none since,
ROAD— Owns 9 miles of track, having in 1899 been extended to
Weirs, 4 miles, and the entire system equipped with eleotriolty. In
1903 road was changed to standard gauge.
EARNINGS— For years ending June 30
1903.
1904.
1904.
1903.
$22,009 Interest
$25,867
....$8,352
Gross
$5,319
Bal.
for
3,b92
year. def.2,131 def.1,627
6,221
Net
OFFICERS— Pres. and Mgr.,H. L. Pierce, Leominster. Mass.; Treas.,
Edmund Little; Sec'y, Geo. P. Munsey; Auditor., Edwin C. Lewis.
6%
.
•;
M
Am
'
LA CROSSE, WIS.
LACROSSE CITY RAILWAYORQANIZATION—Chartered Nov.
Date.
Stock & Bonds—
17, 1885. Franchise runs till 1938.
Rate.
Outstand'g.
Last div., etc.
In * 9
See below.
$242,000 f. p. {
f«
1893
6g. J J
136,000
Jan.l,19i8
1st mort.7$175,6boi>
Subject
oallJan.
to
1,1903.
gold, $1,000
S
Interest at Northern Trust Co., Chicago, 111., Trustee.
Dividends—For 1892, 7 p. c; 1893, none; 1894, 7 p. o.j 1898, 7 p. c*
1899, 7 p. c; 1900, 5 p. c; 1901, 6 p. c, 1902, 7 p. c; 1903, 7 p. 0.
Road— Owns 1219 miles in oity of Lacrosse.
8
<iJi242,00()),Par
$100
S
Officers— President,
B. E.
Edwards; Vice-President, W. W. Cargill;
Secretary, H. E. West; Treasurer. R. C. Whelpley.
$800,000
1904
5 g.
Apr.1,1934
(?)
Int at Detroit Trust Co., Detroit, Trustee.
\
($500 & $1,000). c&r s
t
i
5 <?•
200,000
30 years.
iJ \?h™nnn''<rniA l •--•
Int at Detrolt Tru 8 * Co Detroit, Trustee.
>
o
($1 000)
1896 5 g. J&.T.
100,000
Jan. 1, 1945
Lansing City lst"M.,
Trustee is Continental Trust Co., N. Y.
\
$100,000, gold
Road— Operates 32 miles of track from Lansing to St. Johas, Mich.
Standard-gaupe. 60 and 67-lb girder and T rail. An extension of 35
miles to Alma and St. Louis, Mich., and •ne of 6 miles to Pine Lake
Resort are proposed.
OFFICERS— President, Nelson Mills; Vlce-Pres., George G. Moote;
Sec & Mgr., Jas. R. Elliott; Treas., Myron W. Mills; Supt. J. W. Keeley.
h
*
- >
LEAVENWORTH, KAN.
Common, $100,000
Pref.
$100
M., $750,000, g..
KANSAS CITY-LEAVENWORTH RR.-Trolley.
Organization.— Chartered In Sept., 1901, in Kansas, to consolidate
the Kai s as City & Leavenworth Traction, the Leavenworth Electrlo
RR., the Kansas City Leavenworth Ry., the Leavenworth & Lansing
Ry. and the Kensington Ry. In Aug., 1901, the Kansas City-Leavenworth Ry., under the laws of Missouri, organized a new company,
known as the Inter-State & Leavenworth Ry., with $500,000 capital, {•
build a line through Kansas City, Kan., into Kansas City, Mo., but
nothing done as yet.
Dale.
Interest.
Oulstand'g.
Maturity.
Stock &, Bonds—
8*k$3,750,000,par$100
$1,680,000
1902
1,400,000 Sept.1,192©
5 g.M-8
Kan. Clty-Leav. RR
J
$2,000,000, g., ($1,000). .c* X Int. at Oleve. Tr. Co., Cleveland, Trustee.
Bonds— $600,000 bonds are reserved for extensions. Bonds cannot
be called before maturity. No sinking fund.
Road, Etc.— Owns and operates 39** miles of traok, of whioh 14>t
miles run in and around the city of Leavenworth, and 25 miles between Kansas City and Leavenworth.
OFFICERS-— Pres., D. H. Kimberley.of Cleveland; 1st Vioe-Pres., W. H.
Gabriel; 2d Vlce-Pres., H. C. Ellison; Sec. and Treas., C. O. Evarts, of
Cleveland? Gen'l Mgr Herbert W. Wolcott, Leavenworth, Kan.— V.
,
74, p. 94.
LEWISTON, ME.
LEWISTON
BRUNSWICK & BATH
—A trolley road.
ST.
RY.
Organization— Organized in 1897 and purchased the Brunswick A
Topsham Ry., 3*« miles; also In August, 1898, the Lewlston & Auburn
RR. Owns all the stock ($100,000) of the Bath Street Ry., 4>a miles.
—
:
STREET RAILWAYS.
A
Outstand'g. Maturity.
WESTERN OHIO RY.—
way.
gauge entirely on private right
$633,300
Oct., 1904.]
STOCK
&
BONDS-
mm
Date.
Stock. $638,3(>0; par, $100
let mbrt, $1,000,000. gold....
Underlying securities—
B
S*
Interest.
............
1898
845,000 Mar.1,1918
5g.M-S
$70,000 July 1 1913
$300,000, gold. . < 1893 fig. J-J
o* i Subjeot to call after July 1, 1898.
«X 000
85,000 June 1, 1911
Lewiston & Auburn RB. let M. 1891 5 J-D
Of the $1,000,000 new 5 pep cent bonds of 1898 $155,000 are held
In trust to retire the underlying bonds.
ROAD—Comprises 62-20 miles, connecting Bath with Brunswick,
Lewlston, Auburn, Sabattus, &o.
EARNINQS-Year ending June 30, 1903: Gross, $231,846; net,
$49,481; fixed charges, $53,517; deficit, $4,026.
OFFICERS— President, E. Burton Hart Jr., N. Y.; Vice-Pres., T. L.
Peters, New York City; Treas., M. H. Blackwell, Brunswick, Me.;
Gen Mgr., F. C. Farr, Brunswick. General Office, Brunswick, Me.—
V. 66, p. 1001 V. 67. p. 481, 63 4
llt
,
.
;
LEWISTOWN,
PA.
& REEDSVILLE ELEC RY.
LEWISTOWN
1892.
Pennsylvania on March
Incorporated
24,
in
Organization—
Stock & BONDS
Date.
Outstanding.
Interest.
$150,000
Stock, $150,000. *50
Hat'irily.
1903.
5%
§150,000 Junel,1919
5 g J-J
$1.00o)$ 50,000. f\fcr ( Int. at Union Trust Co., Phila., Trustee.
May 1,1917
125,000
5 g. M-N
2d M., gold ($50.i and > 1902
$1,000) $125,000 c&r S Int at Coiumonw'ltb Tr Co.. Harrisburg, Trns.
Bonds— The firsts are not subject to call, but the seconds can be
called at par after 3 years.
Dividends - In 1902. 5 p. o. In 1903, 5 p. c.
EARNINGS— For fiscal years ending June 30:
Fixed charges. Dividends. Surplus.
Oross.
Net
Tear.
IstM, gold ($*00 and) 1899
I
$12,746
$7,500
$15,798
$36,044
$68,053
7,500
10,813
5,310
22,623
50,634
ROAD— Operates 9 1* miles of traoR from Lewistown to Reedsville and
Lewistown Junction, with a branch to Burnham. 60 and 70 lb. T and
1903
1902
70-lb. girder rail.
Officers— Pres. and Man
Sec, E.
R
Sponslor;
Spanogle;
, T. I. Quigley; Vice-Pres., A. B.
Treas., William Irvin; Sup't, C. E. Gossard. ^akt
—
&
M
M
Operates 19 passenger and 6 other oars.
OFFICERS— President, A. E. Akins; 1st Vice-Pres., L, J. Wolf; 2d
Vice-Pres and Gen'l tfgr., F D. Carpenter; Secy, and Asst. Treas.. H.
C. Lang; Treas., M. J. Mandelbaum.— V. 76, p. 160, 1032; V. 79, p. 682.
Standard gauge.
LINCOLN, NEB.
LINCOLN TRACTION—A trolley road.
Organization— Successor in January, 1898, to Lincoln Street Ry.;
and reorganized per plan in V. 65, p. 277.
Date.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS
foreclosed Deo. 17, 1897,
stock, par
Preferred cumulative
lstmort.gold,$l,00O;>
;
&
Interest. Outstand'g.
Maturity.
$800,000Julyl5,'04,lS%
Apr. 1, 1916
138,000
1891 6g. A-O
) 13
$200,000, ($1,000) 5 Int. at Amer. Tr. & Sav'gs Bk., Chicago, trustee.
June 1,1949
..
1899 5§. J-D $1,037,000
New M., $1,500,000, ?
g. ($1,000) $l,OOOo* 5 Continental Trust Co., Baltimore, trustee.
Bonds—Under the terms of the new mortgage a sinking fund is
provided which retires the whole issue of bonds at maturity.
ROAD—Operates 15 miles of track on 10 miles of street. Track,
standard gauge, 50-60-lb. T rails; owns 44 cars.
Earnings.— For years ending Deo. 31
Charges.
Surplus.
Net.
Oross.
Tear.
$65,477
$126,293
$60,816
$315,4«0
1903
110.736
59,524
266,888
51,212
1902
Latest Earnings— Jan. 1 to July 31:
Charges. BaL.sur.
Oross.
Net.
$3«,931 $20,649
$178,751
$59,580
1904
168,962
64,557
37,166
27,391
1903
Officers— President, Louis des Cognets; Vice-President, S. BasGen. Mgr.
sett; Treasurer, J. W. Stoll; Secretary, T. D. Murray;
T. Fitzgerald Jr.— V. 78, p. 342.
Pas'gerA Belt, IstM.
CO.-A trolley road.
BLUE GRASS TRACTION
consolidation
Feb.,
of the old Blue
1904,
Grass Traction Co. and the Georgetown & Lexington Traction Co.
Maturity.
Date.
Interest. Outstand'g.
BONDS—
Stock
Organization— Is a
in
&
Stock, $700,000 ($100)
1st mtg*., 9*700,000, g.
$700,000
1934
700,000
5g. M. S
Cleveland
Trust
Co Oleve., trustee.
($500 and$l,000).c&r \
1921
1901
g.M.&N.lS
Nov.
Lex.
1st
mtge.,
5
200,000
15,
Geo. &
i
£250,000 gold ($loO, >Int. at Cinoin. Tr. Co., Trus., and at Standard
$500 and $1,000). c&r) Trust Co.,N. Y.
)
19<
4
Int. at
Bonds— No
,
on either issue, and neither issue is subject to call.
Road— Operates 35 miles of track between Lexington and Georgetown and Lexington aDd Paris. Standard gauge. 60-lb. t rail.
OFFICERS— Pree., Younger Alexander: Vice-Pres.. William Addams!
Sec. and Treas., A. S. Rice; Supt P. Bomhard— V. 78, p. 1906.
s. f.
,
LIMA, OHIO.
ELECTRIC
RAILWAY & LIGHT-A
LIMA
trolley road.
Organization—The company is a consolidation completed Aug. 1,
1900, of the Lima Ky. (incorporated Nov. 5, 1896.) and the Lima
Electrio Light & Power Co., the only companies engaged in these lines
in
Lima.
Stock
Of the
&
stocfc,
Bonds—
$350,000
is
Date.
in the
company's treasury.
Interest. Outstand'g.
Maturity.
8tock, $850,000 (par $100)
$500,000
5 g. J-D
185,000 Dec. 1, 1916
Lima Rv 1st mort <R200 ( 1896 Dime
Int at
Sav & Bk S- Co -' Cleveland,
000
gold ($&00)
($5001
c* 1
ooo.goid,
c
£
trustee; also at Fourth Nat. Bk., N. Y.
Lima Elect. Lt. & Pow. g) 1900 5 g. J-D
65,000 June 1, 1917
1st M., $85,000 ($1,000)0* S Int. at Cleve. Trust Co., Cleve., Trustee.
260,000 July 1, 1916
T TTWt T?v Xr T t ^nlrl «* ( 190 ° 5 S- J-J
lrtcSn^SWOO
6offi"6o»1 Int at Cleve Tr Co -> C1 ve - Trustee, or
con. M.
-
1st
$500,000($500) £ 8tandard Tru8t Co New York.
2nd Consol. Mtge., $$850,- X 1902 5 g. A-O 350,000 April 1, 1925
000 g. ($1,000)0*
I Int. at Fidelity Trust Co., Buffalo, Trus.
Bonds—Of the first con. mortgage gold 5s $250,000 are reserved to
retire the two above prior liens. The Lima Ry. bonds may be called in
1907 ac par, on 4 weeks notice, and the Lima Elect. Lt. & Power bonds
may be called on any interest day on 30 days notioe. Of the $850,000
2d consols, $500,000 are reserved to retire alike amountof first consols.
These bonds are a lien on the electric light and heating plant, as well
as on the railway. Cannot be called before maturity.
-
,
-
-
$62,000
$66,146
Surplus
L. Soudder,
$42,255
New York; Vice-Pres, Wm. Belcher;
Seo'y and Treas., F. H. Carter, 32 Liberty
11, 1899, as a consolidation of the
Belt Electrio Line, the Passenger & Belt By. (formerly leased), the HerStorage Co. Charter
cules Ice Co. and the Lexington Ice Manuf.
perpetual. New management assumed charge on May 13, 1899.
Embraces all the street railways of Lexington, together with ice
faotories; also operates all the city electrio light and power business.
In Mar., 1903, purchased the entire plant of the Lexington Gas Co.
That company has no bonded or floating debt.
Date.
5 A-O
5
J-J
5g. J-J
$100
$330,000 Oct.ij, '04,21*
700,000 July y,'04, 2^
1899
125,000
Jan. 1, 1920
N.
Y. Security & Trust Co., Trustee.
$250,000 auth.. ..o* 5 Int. at
Dividends— On pref. commenced July 15, 1901, 2^ p. o. In 1902 5
p. o. and 5 p. o. in stock. In 1 903 5 p. c. and 10 p. o. accumulated dividends In 1904, Jan 15, 2^ p. c; July 15, 2^ p. o. On common stock,
in 1903, 5 p. o. In 19C4, April, 2>a p. c Oct., 2** p o.
1903.
1902.
1901.
Earnings—Calendar year:
$251,810
$213,926
Gross earnings
$188,255
151,926
146,000
Int., operating exp. and reconstruc. 185,664
Com.
OFFICERS— Pres., M.
RAILWAY.-Atrolley road.
Miles.
system of standard
on Oct. 11, 1900. This is one
of the Pomeroy-Mandelbaum roads and is to form a link in the through
oar service from Toledo to Cincinnati.
Date.
Interest. Outstanding.
Maturity.
BONDS
STOCK
$3,000,000
Stock, $3,000,000($100)
5 g. M-N
S3.0OO.000 gold C 1901
Nov. 1, £921
2,250,000
1st
($1,000) $26,500 per 1 Int. at Clt. Savings & Trust Co., Cleveland,
*c( Trustee, or First National Bank, New York.
Bonds— No sinking fund and bonds are not subjeot to call. See V.
76, p. 160 for agreement among bondholders.
Earnings— For 6 mos. ending June 30, 1904, gross, $103,000; net,
$50,000.
ROAD— Lima via Wapakoneta to Piqua; Wapakoneta via 8t. Mary's to
Celina; St. Mary's to Minster; making altogether 78 1* miles of main
line; also, sidings, 10 miles. Last section completed Dec. 1,1903.
Organization—Organized Feb.
STOCK & BONDS—
SU, $800,000 ($100)
trolley
of
Organization— Incorporated in Ohio
Road—Owns about 40 miles of track.
LEXINGTON, KY.
LEXINGTON
1551
'
.
Road— Owns 12 miles of track, also a steam-heating plant (franchise
perpetual), operated In connection with the eleotrio- lighting plant.
OFFICERS— President and General Manager, Jos. B. Mayer; VicePresident, H. H. Littell; Secretary and Treasurer, H. St.'C. Denny, a
Of Buffalo, N. Y.— V. 62, p. 502; V. 71, p. 29, 342; V. 74, p. 829, 1089
St.,
N.Y.— V.
77, p. 2280.
LITTLE ROCK, ARK.
LITTLE ROCK RAILWAY & ELECTRIOOrganization— Incorporated in Arkansas in March, 1903, and is a
Electrio Co. (granted a new
consolidation of the Little Rook Traction
franchise on Sept. 28, 1901, for 50 years, V. 73, p. 784) and the Little
Rock Edison Electrio Light & Power Co. Controls all street railways
Controlled by Isidore Newman & Son of New Orleans and
in oity.
New York. V. 76, p. 593.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Common, $1,500,000
$1,500,000
Pref. 6% cum., $750,000
750 000 JulylO, '04.3
1903 5 S- J J 1.500.000 July 1, 1933
(
1st mortgage
$2
000
000
/
uou
*
g
Interest at Com. Trust & Savings Bank,
<Li ^*i
n£nv
gold
($i,ooo)
New 0rlean8( La .. Trustee.
^
Bonds. - $500,000 reserved for future improvements. Are subjeot
to call after five years at 107*2. All prior liens have been retired.
Dividends.— First, 3 p. o. on pref., Jan. 15, 1904; July 10, '04, 3 p. c.
Road— Operates 23 miles of track.
Officers— Pres.. W. E. Hemingway; Sec, Geo. B. Rose; Treas. and
Gen. Mgr., J. A. Trawick; Aud., W.J. Tharp.—V. 76, p. 593, 810, 864,
&
&
m
'
ow
'
O
LOCK HAVEN,
PA.
SUSQUEHANNA TRACTION-A
trolley road.
Organization—This commpanywas organized as successor to the
Look Haven Traction, sold at foreclosure in March, 1899.
Interest.
Outstanding.
Maturity.
STOCK & Bonds — Date.
Stock, $200,000 ($50)
$200,000
1st mtge., $100,000. J 1900
5 g. M-N
100.000
May 1, 1 930
gold, $500
o*\ Int. at Provident Life &Tr. Co., Phila., trust.
EARNINGS— For fiscal vear ending June 30, 1903; gross, $24,910;
net, $5,309; interest, taxes, etc.. $2,480; surplus, $2,829.
Road— Owns and operates 6 miles of track.
OFFICERS— Pres. and Treas., Jacob Scott; Manager, Frank Andes,
both of Lock Haven— V. 70, p. 633, 947.
.
LOCKPORT,
N. Y.
INTERNATIONAL TRACTION
ment ana Map under Buffalo.
CO.-See
State-
LONDON, CANADA.
LONDON
STREET RAILWAY
CO.-A
road.
Incorporated under the laws
anada
1875.
of
STOCK
&
BONDS—
Date.
Stock. $750,000 (*40)
1st Mt^e., $750,000 gold ($1,-
Interest. Outstand'g
Maturity
See text
500,000.Mch.8, 1925
$500,000
S
1896
trolley
in
<
5
g.
M-8
'
Toronto General Trusts Co., Trustee.
Bona*— The remaining $250,000 can only be issued for ^623 per cent
of actual coRt of additions and extensions, when net earnings are
equal to 10 per c»-nt of all bonds out, ncludmg those to be issued, but
total debt must not exceed $20,000 per mile of single track. V. 78, p.
23«4. Interest is payable at the Bank of Commerce, Toronto. In
each of the 10 years preceding maturity, 5% of bonds shall be drawn
by lot and redeemed at par upon 40 days' notice.
Dividends 6 per cent per annum is paid.
000)
c*
\
—
Earnings—
Tears end. Dec. 31:
Oro>s.
Net.
Charges.
Surplus.
1903
1902
$172,084
$62,591
$26,989
$35,602
154,704
61,455
25,983
35,472
Road— Operates 30 miles of track. Standard gauge. 56, 73 and
75 lb. T and girder rail.
Officers— Pres.. H. A. Everett, Cleveland, Ohio; Vice-Prea., T. H.
Smallman; See., Treas. and Mgr C. E. A. Carr; Supt., Jno. Break.— V.
,
78,, p.
2334, 23t4.
LONG BRANCH,
N.
ATLANTIC COAST ELECTRIC
J.
RR.-TroUey.
RECEIVERSHIP.-On Nov. 1, 1901, company defaulted on the interest
on the $800,000 outstanding first mortgage bonds and also in the
rental payment under the Seashore Electric Ry. lease. Jan. 1, 1902,
defaulted on gen. mtge. Interest. Bondholders' protective committees
have been formed for both the first mtse. bonds and the gen. mtge.
bonds, deposits of the former being made (V. 73, p. 1263) with the
STREET RAILWAYS.
1552
Trust. Co. of North America, Pliila., and of the gen. mtge. bonds
(V. 73, v. 1312) with the Investment Co. of Philadelphia. Feb. 1, 1902,
ex-U. a Senator James 8mith Jr., of Newark, was appointed receiver
pending foreclosure. In Fab., 1904, funds were deposited by receiver
with the Federal Trust Co. of Newark, N. J., to pay interest due November, 1901, and May, 1902, on the first mortgage bonds. This interest was paid later. On Oct. 1, 1904, the coupons due Nov. 1, 1902,
and May and Nov. 1 1903, were paid. On Aug. 22, 1904, Judge Lannin a at Trenton ordered the sale of the road uncer the gen. mort of
1896. No date of sale, however, has yet been set. See V. 79, p. 785.
Organization—Incorporated in May, 1895. Leases the Seashore
Electrio Ry. of Asbury Park until June 6, 1937, at $10,000 per year and
owns $150,000 of the $200,000 total capital stock of latter company
(making net rental $2,500) and owns all of the stock of the West End
&Long Branch Ry. and of the Asbury Park Sea Girt RR.; the former
is leased from Aug. 3, 1896, until July 17, 1945, at a nominal rental,
and the latter for 99 years at 6 per cent on stock from Aug. 27, lh98.
Also owns entire stock ($100,000) of the Atlantic Coast Eleotric Light
Co., which supplies the electrio lights of Asbury Park, Allenhurst,
,
&
Belmar, Ocean Beaoh, Como and Spring Lake. Tne Seacoast Traction
running from Belmar to Spring Lake, 2 miles, was leased in 1904
to the reeeiver of the Atlantic Coast Electrio RR. until Deo. 31, 1904.
Co.,
STOCK & BONDS—
Maturity.
Outstand'g.
$1,500,000
May 1, 1945
1895 5 g. M-N
800,000
000
5 Int. at Knickerbocker IT. Co., N. Y., trustee.
1946
5J-J
500,000
5 18 9 6
ru>„
nrtrt
mort., <t™n
$500,000.
Gen. ™™*
| Intere8t at Guaranty Trust Co., N. Y.
200,000
Seashore El. Ry. stock
1917
1892
200,000
6g. J-J
a^ na -b^r, Tri«/»t^« u„
y C Interest at Federal Trust Co., Newark, N. J.
\
lat M., $,iOO,000
subject
1897.
to call at 105 in
£
Asbury Pk. & S. G. stock -All owned by Atlantio Coast Electric RR.
1918
mort.
G.
1st
1898
P.
&
S.
5
50,000
As.
g. M-S
)
$50,000, gold, can be > Interest at Monmouth Trust & Safe Deposit
Co., Asbury Park, Trustee.
canceled at 105
c>
Date.
Interest.
Stock, $1,500,000($100)
let mort., gold, $1,000,-)
.
^tMjKft
ft 105 in f901
.......
" Other debts "'(Dec."
^5J D
31,"
>
"
June 1,1946
Co - Newark,N.J.
241 000
'
at Federal TrU8t
305,000
1903)
Bonds—Of the $1,000,000 firsts $200,000
like amount of Seashore Ry. 6s, subject to oall
are reserved to retire a
at 105 in in 1897.
Line in Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10-12
miles is over private right of way. V. 66, p. 616. Connects at Long
Branoh with Iron Steamboat Co. for New York, and at Pleasure Bay
with the New York & Long Branoh Steamboat Co.
1902.
1901.
1903.
EARNINGS—Year end'g Dec. 31.—
Railroad
$221,020
$208,895
$220,660
Lighting
Pleasure Bay
ROAD— Belt
$221,020
112,492
Total
Operating expenses
$208,895
93,743
$220,660
112,184
$115,152
$108,476
Net
$108,528
Officers- Pres., William E. Benjamin, N. Y.; Supt., 8. F. Hazelrigg.
-V.
79, p. 785. 1265.
MONMOUTH COUNTY ELECTRIC CO.
Organization.— Incorporated April, 1, 1901, as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric Ry. In April,
1903, was granted a 45-year franchise to operate in Long Branch, in
consideration of which the town is to receive *2 of 1% of gross receipts.
STOCK
&
BONDS—
Date.
Stock, $500,000 ($50)
1st mort., $500,000 ($100
and $1,000) gold
o*
)
Interest.
1901
4
g.
J-J
Outstand'g.
$400,000
400,000
Maturity.
Apr.
1,
1951
Hamilton Tr. Co., B'klyn, trustee.
ROAD— Red Bank to Long Branch, 6*2 miles, and 2d track, 2^ miles,
In Long Branch, 3 miles; in Red Bank, l^ miles; total, 13>s miles.
EARNINGS— For oalendar year 1903, gross, $47,386; net, $20,345.
OFFICERS— Pres. & Gen. Man., William F. Hogan, Brooklyn; Sec and
Treas., Jolin M. Enright, Jersey City— V. 72, p. 86, 391.
)
Int. at
LONG ISLAND CITY, N. Y.
& QUEENS COUNTY RY.NEW YORK
was purchased by
Mortgage &
the U.
In Aug., 1903,
Trust Co., as
S.
and new officers elected as below.
ORGANIZATION— Incorporated June 29, 1896, and reorganized
on June 30, 1899. Purchased the various lines of railroad
in Long Island City known as the Steinway Railway, the Long
Island City & Newtown Ry. and the Flushing & College Point
Ry. In May, 1902, the Queens Ry. was consolidated with it, and
thereupon increased its stock from $2,500,000 to $5,000,000. The
Queens Ry. succeeded to the property sold at foreclosure of the New
York & North Shore Ry., comprising a line of six miles from Flushing
to Jamaica, with franchises for lines between Flashing and College
Point, Flushing and Bayslde and Manhasset. V. 74, p. 1 197.
Interest. Outstand'g.
Date.
Maturity.
Stock & Bonds—.
trustee,
$3,235,000
1925
50,000
Newtown Ry. IstM
150,000 Deo. 1, 1924
Steinway Ry. 1st M.,gold, )
1,500,000 July 1, 1922
6g. J - J
$1,500,000 ($1,000) .c* $ Int. at Morion Trust Co., trustee. N. Y. City.
1896
1,300,000 Oct. 1, 1946
4g. A-O
N Y A Queens Co IstM ) Guarantee
Tr. & S. D. Co Phila., Trustee.
irold $1,000
*i ooo eacn
each
t
gold,
offl(Je
Int
at
of
companyi
Philadelphia.
^
Under the New York & Queens County mortgage there were originally $2,500,0(0 bonds outstanding, but the company having defaulted
in the payment of interest, a reorganization was made, under which the
holders surrendered $1,200,000; interest was reduced to 4 per cent,
and the Guarantee Tr. & Safe Dep. Co., Phila., was made the new trustee. -V. 69, p. 906.
Road—The sj stem, with the newly acquired Queens Ry., embraces
74-47 miles of trolley track, including main line, 40-24 miles; second
track, 2896; sidings, 5 27. Rails 77 to 93 lbs. standard gauge; 253
closed and open cars, 15 other oars and 6 freight cars, &o.
REPORT for fiscal years ending June 30
Oross.
Net.
Oth. inc.
Int. <& taxes. Surplus.
$652,445
$281,390
$9,791
1903 4
$197,673
$9<,508
1902-3
612,347
248,353
191,203
7,086
64,239
OFFICERS— Pres., Arthur Turnbull, 38 Wall St., N. Y.; Sec'y and Treas.
E. T. Perlne, 43 Cedar St., N. Y.; Vice-Pres. and Gen. Manager, F. L
Fuller, Long Island City- V. 77, p 29a, 350.
Stock, $5,000,000 ($100)
Flush. & Coll. Pt. 1st M...
1895
1894
1892
5
5
J&D
J&D
,
_
LORAIN, O.
LORAIN STREET RAILWAY-A trolley road.
Rebuilt in 1900 out of proceeds of new bond issue.
BONDS— Par. Dale. Interest. Outstand'g. Maturity.
8tock $7->0,000....
$750,000
$100
6 J-J
200,000 Jan. 1, 1915
IstM., $200,000... 1,000 1894
*
Interest Guardian Tr. Co., Cleveland, Trustee.
Cons. M., $750,000, } 1,000 1899 5g M-N
350,000 Nov. 1, 1949
gold $1,000
Int. at Guaranty Trust Co., N. Y., trustee.
c* 5
STOCK
&
Bonds— Of the con. mortgage for $750,000, $200,000 is held
np first 6s and $200,000 for improvements and extensions.
to take
ROAD—Owns road 9-6 miles in length, extending through the city
of Lorain to Elyria; sidings, two miles; total track, 11-6 miles. Of
the track 7-8 miles is on private right of way (land owned in fee simple); rails, 70-lb. T and 85-lb. girder.
Officers— President, Pierre S. DuPont; Sec. and Treas., Wm. A.
Donaldson.— V. 69, p. 1346.
_
LOS ANGELES CAL.
PACIFIC ELECTRIC RY. L A trolley road.
In October, 1903, the Kuhn, Loeb Harriman interests in Southern
became connected with Mr. H. E. Huntington in the con-
Pacific Ry.
trol of this
company.
Organization—This company was incorporated under the laws of
California in 1901, and is a consolidation of the Los Angeles
Pasadena Electric Ry., Pa»adena
Mount Lowe Ry., Pacific Electric of
Arizona, the East Ninth St. Ry.,the Temple St. Cable Ry. and the
Brooklyn Ave. Ry., comprising nearly all the interurban lines in and
around Los Angeles, in Oct 1903, the stockholders authorized an
increase of stock from $10,000,000 to $20,000,000. V. 77, p. 1534.
Date. Interest. Outstand'g Maturity.
STOCK
Bonds—
Stook, $20,000,000 ($100)
$20,000,000
ConsoL mortgage, $10,000,000, $ 1902 5g. J. J. 8.494,000 Jan.1,'42
gold, ($1,000)
c. (Int at Union Tr. Co., San Fran., Tr us.
L
ng
000,
1898 5 J -" J
Jan.
&
&
,
&
?^
gu^T$M)'
?-
1/28
1.000,000
°o
atlfl.Tr. &Sav.Bk..Chic.,Trustee,
called after Jam 1 flnt.
or at Chase Nat. Bank, New York.
1908 at 105
I
01 *-'* 500 '
^* 1900 4g-J-I>.
500,000 Junel'3©
Kofd
-
Can be
"
^SO^eOO^Subfecrtoc^i^
[Vol. lxxix.
^oi^^nn^r
l
6°anbt c a%"afte"r-19ib°at
104 and interest.
J
^FrancUo
* rancl800
>
Trustee
iTiistee.
Tm8t °°"
*~
A
Bonds— sufficient amount of the $10,000,000 consols is reserved to
retire prior Issues. Sinking Fund Is $5,000 per annum, commencing
Jan. 1, 1907, for 5 years; then $10,000 per annum to Jan. 1, 1917;
$15,000 per annum to Jan. 1, 1922; $20,000 per annum to Jan. 1,
lb27; $25,000 per annum to Jan. 1, 1932; $30,000 per annum to Jan.
1, 1937, and $35,000 annually thereafter, said sinking fund to be used
In the purchase of the bonds, but fund may be invested in other securities if
bonds cannot be obtained at par.
The bonds
of the Los An-
& Pasadena bear the guaranty of the Los Angeles Ry. by endorsement. A sinking fund of $10,500 per year on those bonds begins Deo.
1, 1908, and bonds maybecalledatl05onanyintere tdate after Jan. 1,
1908. The bonds of the Pasadena & Mt. Lowe are guaranteed, principal and Interest, by both the Los Angeles Ry. and the Los Angeles &
Pasadena Electrio Ry. A sinking fund for those bonds oommenoes
geles
after 10 years from date of bonds of $5,000 per annum
for
first 5 years, $7,500 per annum for second 5 years, $10,000 per annum for next 5 years and $12,500 per annum for remaining 5 years.
These bonds may be called after 10 years on any interest date upon 4
weeks' notice at 104 and Interest.
Road—When extensions are completed will oomprise about 442
miles of traok. In July, 1904, 175-77 miles were oompleted, including a line of 21 miles from Los Angeles to Long Beach.
OFFiCERS— President, H. E. Huntington; Vloo-President and General
Manager, W. F. Herrin; Secretary, S. C. Baxter; Treasurer, I. W.
Hellman.-V. 76, p. 1408, 1534; V. 79, p. 628.
LOS ANGELES INTERURBAN RY-Organization —Incorporated in California on June 8, 1903, and Is a
Glenconsolidation of the Los Angeles Traction Co.,the Los Angeles
Arlington Ry.
dale Ry. and the California Pac. Ry. The Riverside
Orange Motor Ry. have also been acquired. It
aad the Santa Ana
is one of the Huntington roads.
Outstand'g. Maturity.
Date.
Interest.
BONDS—
STOCK
$10,000,000
8tock, $10,000,000, $100
1943
3,064,000
New M„ $10,000,000, g. $ 1903 5 g.A-O
c<fer \ Int. at Union Trust Co., San Fran. .Trustee.
($1,000). guar
May. 1915.
250,000
Los Ansr. Trac. 1st mort., J 1895 6 g. M-N
$250,000, gold ($1,000) \ St. Louis Union Tr. Co., St. Louls.Trustee.
250,000 Dec. 1, 1938
Los. Ang. Trao.lstcon.M., < 1898 5g..J-D
gold, $250,000 ($1,000). { St. Louls^Union Tr. Co., St Louls.Trustee.
Interest of both above mortgages at Chase National Bank, N. Y.
480,000 July 1. 1941
5 g. J-J
Oal. Pao. Ry. 1st M., gold < 1901
&
&
&
&
& Trust
Co., Los Angeles, Trust
no stated amount authorized,
completed track. No sinking
but is limited to S20.000
fund on these bonds, and bonds cannot be called. Interest is payable
in New York City. These bonds are guaranteed by the Los Angeles
Traction Co., both principal and interest. A sinking fund is provided
for the new $10,000,000 mortgage as follows: 1908 to 191'2, Inclusive,
$5,000 per annum; 1913 to 1917, inolusive, $10,000 per annum; 1918
to 1922, Inclusive, $15,000 per annum; 1923 to 19:47, Inclusive, $20.000 per annum; 192s to 1932, inclusive, $25,000 per annum; 1933 to
per annum, and thereafter to ma1937, inclusive, $30,000
turity, $35,000 per annum. The bonds are su'jeot to oall for the sinking fund at a price to be determined by the directors. These bonds are
guaranteed as to both principal and interest by the Pacific Eleo. Ry.
REPORT -Year ending Dec. 31; for Los Angeles Traction Co. only:
($1,000),
guar
o
Title Ins.
(
Pacific Ry.
per mile of
Bonds.— Of the California
Yeai
—
Oross
earnings.
Operating
$313,834
270.768
220,783
191,847
$220,034
155,078
137,048
136,238
1903
1902
1901
1900
expenses.
Net
earning*
$93,800
115,690
83,735
55,609
ROAD-Operates 131-51 miles of track.
OFFICERS—President, H. E. Huntington; Vice President ana Gen'l
M-nager W. F. Herrin; Secretary, S. C. Baxter: Treasurer, 1.
Hellman; Supt., S: B. MoLenegan. V. 78, p. 584, 1497; V. 79, p. 627.
W
LOS ANGELES RAILWAYIs
one of the Huntington properties.
Organization— Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main St. & Agricultural Park RR and by purchase of
the Mateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns
$5,050,000 of the $10,000,000 stock of the Paoiflo Light & Power Co.
of Los Angeles— see V. 75, p. 457.
Date. Interest. Outstand'g. Maturity.
STOCK & BONDS—
$5,000,000
5,000,000 Oct. 1, 1938
c* (Int'st atCo's Office, San Francisco, Cal.
$1,000 each
The Trustee of the new mortgage of 1898 is the Union Trust Co.
On 30 days' notice interest may be made
of Sin Francisco, Cal.
payable at the National City Bank, New York.
Earnings—Year 1902, gross, $1,475,211; net, $662,143; fixed
charges, $255,206; surplus, $406,937.
Road— Comprises 130-51 miles of road.
OFFICERS— Pres., II. E. Huntington; Vlce-Pres., Ch. de Gnigne; Treas
Gen. Manager,
I. W. Hellman; Sec'y, E. B. Holiaday, San Francisco
Howard E. Huntington, Los Angeles. V. 78, p. 229.
8tock, $5,000,000 (par, $100)
New mort., $5,000,000 gold
<
1898
5g.
A-O
,
;
(1) PACIFIC
LIGHT & POWER CO.— An
eleotric
company.
the stock of the Ontario & 8an Antonio Heights Ry. and
the entire stock of the San Bernardino Gas & Electrio Co., neither of
Owns
all of
1
,
1
STREET RAILWAYS.
Oct., 1904. j
whloh has any Issues out. Has contract to purchaso stock of the Slerre
Power Co. which has $35,000 bonds out; also owns all of the stock of
the Mentone Power Co.; no bonds.
Organization.- Incorporated In California on March 6, 1902, and
absorbed the San Gabriel Eleotrlo Co. $5,050,000 of the $10,000,000
(V. 75, p. 1150), oapltal stook is owned by the Los Angeles Ry. Co.
Supplies power to the latter.
&
Outstanding. Maturity.
$10,000,000
Stock, $10,000,000 ($100) ... .
5 g. J-J
3,731,000 June 1, 1943
1st mort., $10,000,000, > 1902
Trust
Int.
Union
Co., San Fran., Trustee.
..o&r
at
gold ($1,000)
5
Bonds.— $395,000 are reserved to retire a like amount of bonds of
the San Gabriel Electric Co. Bonds cannot be called. A sinking fund
oommenoes on Jan. 1,1905, of 2% of bonds outstanding for first 5 years
and on and after Jan., 1910, 2^% until and inoluding Jan. 1,1942;
said fund to be invested in the bonds at not less ttian 110, otherwise
in other securities.
Plant.—Generates eleotrioity for light and power. Water power, also
steam plant, in Los Angeles. Has 10,000 h. p. plant on Kern River,
125 miles from Los Angeles. Two separate transmission lines running
the entire distance to be used. Plant will be in operation during 1904.
—V. 74, p. 580; V. 75, p. 457, 1150.
Stock
BONDS—
Date.
LOS ANGELES PACIFIC RR.-An
and
electric
&
1 904, purchased the Los Angeles Ocean Park
Santa
V. 7f, p. 342.
Organization—Organized June 4, 1898.
Date.
Sate. Outsiand'g.
Maturity.
BONDS—
Stock
Stock, $1,500,000; par, $100
$1,500,000
1st M.,$l,000,000,g. ($1,000) 1898 5J/c<fcD/o 1,000,000
1928
5 A.&O.
500,000 Apr 1, 1931
1st oonsol. mort., $500,000.. 1901
5g.M-B
1903
2,233,000 Sep. 1, 1943
i s t*ref
$5 000 000 (
'
'
«« Int at Lo8 Angeles Trust Co., Trustee, or
Lf/?li afiuT
gold(*i,
U)
Monioa RR.
&
M
-
(
atU.S. Mort.
1on9
K
180
^
8
& Trust Co., New York.
Los Angeles Herm. B. &>
«. a n nnn
$182,000
Red. mortgage
\
1903
Los Ang. & Santa M.
5
85,000
Bonds.— Of the $5,000,000 authorized, $2,067,000 are reserved to
retire prior Hens and $700,000 for extensions at 75 per ct-nt of cost
when net earnings are 1% times interest charges on bonds, including
those to be issued. A sinking fund begins in 1903, to which $50,000
per annum is payable the first 5 yeais, $t 0.000 per annum the next 5
years, $70,000 per annum the next 5 years, $80,000 yearly the following 5 years. $90,000 per annum the next ft years, $100,000 yearly the
followirgft years and $150,000 per annnm thereafter. These bonds
are not subject to call.
Road—Owns two lines of trolley road from Los Angeles to Santa
Monica, the entire local system of Santa Monica, with branch lines to
Hollywood, Laurel canyon, Santa Monioa canyon, Soldiers' Home,
Elysian Park, Ocean Park and Inglewood, constituting about 82 miles
of railway, of which 60 miles electric, 17 miles steam and 5 miles horse
railway; also 51 miles of new lines constructed and opened during
1902. Has 79 motor cars, 10 coaches and 45 freight cars; total, 124
oars; 2 locomotives. Operates 2 large power houses at Sherman and
Ocean Park, with machine shops and oar shops at Sherman.
OFFICERS-President and Manager, E. P. Clark; Vice-President and
Manager, M. H. Sherman; Secretary, A. I. Smith; Treasurer, M. E.
Hammond; Superintendent, W. D. Larrabee.—V. 66, p. 1140.
M
LOS ANGELES & REDONDO RY-A trolley road.
ORGANIZATION.— Incorporated in California. Capital stock was Increased in May, 1903, from $500,000 to $1,000,000. V. 76, p. 1143.
&
Date.
Interest. Ovtstand'g.
Maturity.
STOCK
Bonds—
Stook, $1,000,000 ($100)
$500,000
1st mortgage, $5i 0,000, )
1902 5 g. J-J 15
500,000 Jan. 15, 1932
gold, ($1,000)
c*5 Int. at Union Trust Co., San Fran., trustee.
EARNINGS— For fiscal years ending June 30:
Oross.
Net.
Int. <& taxes.
Surplus.
1904
$258,487
$93,856
$36,511
$57,345
Road -17^ miles of track between Los Angeles and Redondo, and
also a new line, 17 miles, between same points, gauge 3*2 feet, operated
by electricity, The old steam lice has been ohanged to 3 Vfoot gauge
and Is now operated by electricity. Cars are equipped with 2 motors
of 50 H. P. each.
Officers— President, L. T. Garnsey, Los Angeles; Vioe-Pres., Percy
T. Morgan, San Francisco; Sec. Treas. & Mgr., H. B. Ainsworth, Redondo; Supt, L. J. Perry, Redondo.— V. 76, p. 1143; V. 78, p. 1392.
LOUISVILLE, KY.
LOUISVILLE TRACTION CO.-A holding company.
Organization— Incorporated in New Jersey on July 5, 1903, and
has acquired practically all of the stook of the Louisville Ry. Co.
Holders of eommon stock of Louisville Ry., on payment of $55 In cash,
received three shares of new common stook in exchange for each
hare of old stock held. Holders of the old preferred stock of the
Louisville Ry. received share for share of new preferred, with a bonus
of 20 per cent in common. The new company provided the Louisville
Ry. Co. with needed money to be used for improvements, the railway
company issuing $1,100,000 com. stook therefor. See V. 79, p. 968.
The old Louisville Ry. Co. was incorporated Jan. 22, 1867, and is
a Kentucky company, owning all the street railways in the city of
Louisville and its suburbs.
It has $4,600,000 common stoek and
$2,500,000 preferred stock, practically all owned by the Louisville
Traction Co. The real estate is valued at $700,000. As to claim of the
•ity for back taxes, see V. 77, p. 2280.
The Louisville & Interurban Ry. has been organized in the Interest
of the Louisville Ry. to oonstruot a system of urban and interurban
lines. It has been authorized to borrow $3,0ti 0.000. Up to July, 1904.
no securities had been issued exoept $300,000 stock to Louisville
Ry. Co.
Interest.
Stock
Outstand'g Last div., <fc.
Bonds.— Date.
Common,$l 2,000,000
$11,000,000 Oct. '04, 1*4%
Pf. 5% oum $2,500,000 ....
See text.
2,500,000
Louisv. City Ry. M... ) 1884
6g. J.-J.
464,300 July 1,1909
do
do M., gold \ Louisville Trust Co., Louisville, Ky., Trustee.
-" N
888
6
195,000 Nov. 1, 1908
Central Pass
^entrai
pass. Rv
Ky. m.
^ Intere8t payable at Fir8t Nat- Bani Louisville.
&
M
M P
-
.
(
890
5g.J.-J.
5,340,000 July 1, 1930
g^WtfoOOOOoU^^est
payable by Sellgman & Co., N. Y.
(listed
N Y
)
Louisville Ry.
„
.o*
S
2dM.,
)
1900
Latest Earnings— Of the Louisville Ry. Co. for 6 months ending
June 3o, 1904, gross, $1,008,419; net, $461,446; interest and taxes,
$260,411; dividends, $200,500; surplus, $535
OFFICERS— President, T. J. Minary; Vice-President, St. John Boyle;
Secretary & Treas., Sam'l G. Boyle.— V. 78, p. 820; V. 79, p. 968, 1023.
LOUISVILLE & EASTERN RR.-A trolley
4*a g.
M-S
800,000
Mar.
1,
1940
$2,000,000,g,$l,000 $ Int. at Columbia Fin. & Tr. Co., Louisv'le, Trus.
Bonds.— Of the second mort. bonds due 1940, not more than $200,000
•an be issued In any one year for improvements. V.70, p. 430, 480, 532.
DIVIDENDS— On Traction preferred, 5 p. c. per annum. On common,
the first semi annual dividend,
p. o., was paid Oct. 1, 1904.
ROAD— Owns 145 miles of traok on 83 miles of street; all is eleotrio.
Affords entrance into Louisville for the Louisville & Eastern RR.
Report- Of Louisville Railway Co. for fiscal year ending Deo. 31.
Annual meeting Feb. 20.
Year.
1903.
1602.
Tear.
1903.
1902.
Gross earn $1,941,599 $1,'/71,887 Dividends
$300,000 $300,000
Net
741,473
644,171 Bal., surplus.. "83,688
10,291
m
I
I
Interest pd.
357,7-5
333,880
* Out of this, $50,000 was applied to depreciation
of equipment
$30,000 eel aside on account of judgment for back taxes.
and
road.
Organization— This was formerly the Louisville Anchorage & Pewee"
Interest.
steam road.
In January,
1553
Valley Eleot. Ry., incorporated Jan. 14, 1901, but
name ohanged
as
above in January, 1903.
&
STOCK
Bonds—
Date.
Interest. Outstand'g.
Maturity.
None
Stock com, $900,000
Pref. $350,000 5 p. o.,
n. c
$350,000
P. 1st mort., ] 1901 5 g. J-J
350,000
1931
$'•00,000, gold, sink, fund ^Int. at Cincinnati Tr. Co., Cincinnati, Tr.
Louisv. A.
&
J Sinking fund, but not subject to call.
See text
1932
A * P 2nd mort ( 1902 5 &•
"3 Interest at Fidelity Trust & S. V. Co.,
«i™nn^ni.i
gold
$150,000,
Louisville, Trustee.
l
Bonds.— Second mortgage bonds are all held in the treasury.
Road— Operates 15 miles of track connecting Louisville, Anchorage
ana Pewee, with 5 miles in the city; total 20 miles. Extensions to
Shelbvville, Ind.; to Frankfort; to Eminenoe; New Castle, etc, in
Anderson and Spenoer Counties are contemplated,
OFFICERS-President, H. H. Beohtel, Cincinnati; Vice-President and
Treasurer, Percival Moore, Louisville.- V. 76, p. 266,177.
($1,000, $500)
I
-
oiilav
LYNCHBURG, VA.
TRACTION
LYNCHBURG
& LIGHT
about 28,000.
Population
served,
Trolley.
CO--
Organization—This is a consolidation on May 1, 1901, of the Lynchburg Electric Ry. & Light; the Lynchburg & Rivermont St. Ry. (franchise perpetual) and the Lynchburg Gas Co., and comprises all the
street railways, gas works and electric-light plants of Lynchburg.
Date. Interest.
Outstanding.
Maturity
STOCK and Bonds—
$750,000
Stock, $750,000 ($100)
May 1,1931
689,000
. «i ooo ooo ( 1901 5 ?• M-N
,,, mnrt g
Real E8t Tm8t Co -> PhUa -. Trustee.
«
oooi goiQ...c
™iri
c* )
i. (»i,uuu)
s. H«i
Janney & Co-i Philadelphia.
^ Int at R
5 M-S
Lynchburg Gas Co. 1st $
111,000
1930
mortgage
{ Int. at Real Estate Tr. Co., Phila., Trustee.
Dividends —3 p. c. per annum is being paid on the stock.
Ronds-Of the 1st mortgage bonds $111,000 are reserved to retire
bonds of like amount of Lynchburg Gas Co., due 1930. Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
In 1916 to 1^ per cent. Entire issue can be called at any time.
EARNINGS— Year ending April 30, 1904, gross, $216,118; net, $80,276; interest oharges, $38,961; surplus, $41,315.
Road— Owns and operates 14 miles of road in city and suburbs.
OFFICERS-President, R. D. Apperson, Lynchburg, Va.; Secretary
and Treasurer, F. H. Shelton. 1004 Penna. Bldg., Phila.— V. 72, p. 873.
-
M
MACON, GA.
MACON RAILWAY
& LIGHTIncorporated
Georgia on
in
Oct. 23, 1902, by the
Light Co. of Amerioa as a consolidation of the Macon Consol. St. Ry. the Macon El. Light & Ky., the North & South Macon Street
Ry. and the Metropolitan Street Kailway, The city ordinance permitting the consolidation, passed on Sept. 16, 1902, provides that at
least $150,000 shall be expended for improvements within two years,
and grants a 50-year franchise. For terms see V. 75, p. 733.
Date.
Interest. Outsiand'g.
Maturity.
STOCK & BONDS—
8tock,com., $900,000(8100)
$900,000
Organization—
Railways
&
A& °-
00 '° 00($l00
6p.cfcum
!J
300 000
>
Oct, '04,8%
734,000
Jan l,'53
5g. J.-J.
Int at N. A. Tr. Co., N Y., Trust., or by Co.
1899
6 g. J-J
42,500
Jan. 1, '29
Int. at Bowling Green Tr. Co.. N. Y., Trus.
Bonds.— Of the new 1st con. mort., $42,500 is reserved to retire a
like amount of the Macon Elec. Lt.& Ry. bonds; rest reserved for extensions and betterments at five-sixth of cost.
Bonds of 1903
can be called on any interest date after five years at 110 and interest.
Toting Trust.— Common acock Is held In a voting trust until Oct. 1,
1907, see V. 76, p. 750.
Road— Owns and operates about 28 miles of traok, all of whloh
will be re laid with 70-lb. rails.
Mac. By. &Lt.l"BtCon.'M")
g. $1,000,000 ($l,000).c* J
Mac. E. Lt. &Ry. 1st M.,>
$100,000 ($500), g....c* $
1903
Earnings— For year ending Dec. 31, 1903, of consolidated
properties:
Gross, $223,505; net, $92,953.
OFFICERS-President,
Herman Myers Sec,
;
J.
H. Hertz
;
Treas. F.
D. Bloodworth.-V.78, p. 343.
MADISON,
MADISON TRACTION
AVIS.
CO.-A trolley road.
Organization— Incorporated
Madison Eleotrio Railway.
in Sept., 1901. as suooessor to the
Franchises expire in 1932 and are practi-
cally exoluslve.
&
STOCK
BONDS— Miles.
Stock, $200,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$200,000
See text.
1st M.$300,000, gold ) 11
1901 5 g M-S
210,000 Sept 1, 1926
c* s Int. at Milwaukee Tr. Co., Milwaukee, Trustee.
($1,000)
Bonds.— Whole issue can be called on any interest date at 110 and
int.; $5,000 is payable yearly to sinking fund, beginning Sept. 1, 1916.
Road— Owns 11 miles of standard-gauge tract, including lines in
Madison and extension to Fair Oaks, Elmside, Lake Park and Cemetery.
Dividends.— On Sept. l, 1902, 5 p. o. was paid; Sept. l, 1903, 5 p. c
Sept. 1,1904, 9 p.c.
EARNINGS— Year ending Aug. 31, 1904; Gross, $101,454; net, $42,000;
;
interest, $10,000; divs. (9 p. c), $18,000; balance, surplus, $14,000.
OFFICERS— Pres., P. L. Spooner; Vice-Pres. and Gen. Man., F. W.
Oakley; Sec. and Treas., Wayne Ramsay; Supt., G. H. Shaw, all of
Madison.-V. 72,
p. 438; V. 73, p. 494, 663; V. 79, p. 501.
MANCHESTER,
N. H.
^MANCHESTER
TRACTION LIGHT &
POWER CO.-
Organization— Incorporated in 1901 In New Hampshire, and compower and street railway properties in and
around Manchester. The company took over the Manchester Electric
Co., which oontrols the Manchester Electric Light Co. and the Manchester Street Railway. In 1902 the latter company was authorized
by the New Hampshire Railroad Commission to inorease its stook
from $421,000 to $570,250, to fund floating debt and provide means
for new rolling stock; accordingly 995 new shares were issued at 150.
In June, 1903, it was decided to Increase stock of Manchester Traction, Light & Power from $1,650,000 to $2,200,000, shareholders
being given the right to take the new stock at par, paying $50 July 1
$25 Oct. 1 and $25 Jan. 15.
prises the several light,
STREET RAILWAYS.
1554
Maturity,
Dale. Interest. Outstand'g.
STOCK—
Stock, $5,000,000 ($100)
$2,050,000 Oct.l5,*04.1ia
1st con. mtge., $2,000,000, ) 1901 5 g. A-O
1,258,000 Aprill,1921
gold ($1,000)
c* $ Int. at Am. Loan& Tr. Co., Boston, trustee.
Underluing Liens
Co l8
1897 5 &• A -°
250,000 oct. 1,1917
:
!
;: \
|2 5 f.ooo":
Man. St. Ryll'stM." gold,) 1895 5g.J-J
107,000 Jan. 1, 1915
$250,000, red. after Jan. > Int. at Nat. Bank of Redemption, Boston.
1, 1905
) Am. Loan & Trust Co., Boston, trustee.
Bonds— Of the new 1st con. mtge., $357,000 are reserved to retire
above underlying bonds. The remaining $385,000 are available for future improvements and betterments,
ROAD— Owns 3609 miles track, standard, of which 530 miles second
track and 2-42 miles sidings, etc. Rails 70 and 90-lb. T. Is building
new power plant on Merrimac River at Bow, N. H. See V. 78, p. 2442.
Dividends— First dlv. of 3 p. c. on July 15, 1901. In 1902, 6 p. o In
1903 (changed to quarterly), 7 1<2 p. c In 1904, Jan., l^ p. c; Apr.,
1
I * p. c; July 15, 1*$ p. c; Oct. 15. 1^ P- o
Earnings— Of the Manchester Street Ry. for years ending June 30:
Gross.
Dividends. Balance.
Net.
Int. <£ taxes.
1903-04
$338,703 $230,482 $82,487 (6%) $120,355 *df. $6,250
1902-03
577
267,768
53,393
21,586
(6%) 31,230
1901-02
451
235,172
51,838
20,157
(6%) 31,230
* After paying $25,000 for depreciation and $8,890 "other charges.''
Officers— Pres., William A. Tucker; Treas., S. Reed Anthony; General Manager, J. Brodie Smith. — V. 76, p. 1355; V. 78, p. 2442.
—
M
M
MANISTEE, MICH.
MANISTEE
CITY & EAST LAKE
Default occurred on coupons due Jan.,
RAILWAY-A FILER
1904, and Michigan Trust Co.
Grand Rapids was appointed
trolley.
receiver.
of
V. 78, p. 103. Ootober, 1904, receiver still in charge.
Date. Interest. Outstand'g.
STOCK
BONDS—
&
Maturity.
Stock
1st mortgage,$200,000,g.c*
($500 each)
OOO
2nd Mtfffi
Mtge. <R70
$70,000
$200,000
)
1898 6 g. J-J 150,000
Jan. 1, 1918
Int.
at
Metropolitan
Tr. Co., N.Y., Trustee.
5
1902
5 A.-O. $70,000 Apr. 15J904
J
J Chicago Title & Trust Co., Chioago, Trus.
Bonds—Ol the first 6s, $4,000 must be drawn by lot at 105 yearly
Jan. 1, 1904, and after, but bonds subjeot to call at 105 after 1903.
ROAD—Operates 14 miles of track; 30 cars; brick boiler house; three
large engines and generators; iron oar house. The line extends from
Manistee to Filer City, East Lake and Stronach, Oak Hill and Parkdale. Including park on shore of Lake Michigan, theatre, restaurant
house, station, bath rooms, pavilions, &c, over $100,000 spent for
improvements in 1899.
OFFICERS— Pres., R. A. Crandall; Sec. and Treas., F. 8. Heath. Gen'l
Mgr., Frank J. Huntoon. General Offices, Manistee, Mich.; V. 78, p. 103.
MANSFIELD, OHIO.
MANSFIELD RY. LIGHT & POWER
trolley road.
CO.-A
Electric Street Ry. Owns entire street railway and eleotrio light systems in the city. City franchise runs until 1925.
Date.
Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock. $1,000,000 ($100)
$1,000,000
&
first
mortgage, < 1901
5
200,000 Apr.1,1923
$400,000 ($500)
I Int. at Cleveland Tr. Co. Cleveland, Trus.
Mans. Ry., Lt & Pow. gen. ( 1903
5g. A-O
$450,000 Apr.1.1918
mtge., $1,000,000, gold 1 Union Savings Bank A Trust Co., Cinoin($500& $1,000)
o*( nati, Trustee.
Bonds —Interest on the new bonds of the Mansfield Ry., Lt. & Power
Co. Is payable at Rudolph Kleybolte& Co.'s offices, New York, Cinoinoinnati and Chicago. $200,000 of the new bonds are reserved to retire the bonds of the old Citizens' Company and $350,000 for future acquirements and Improvements. A reserve fund of $10,000 per
annum is maintained, to be used for extensions and improvements.
Citizens'
,
Not subject to oalL
Earnings— For year ending March
31, 1904: Gross, $147,311; net,
$32,500; surplus, $32,164.
Road— Owns and operates 9 miles of track in olty and an interurban
line of 12 miles to Shelby; 60 and 70- lb. T rail. 40 cars.
OFFICERS-— President, H. M. Byllesby: Vice-Prest., A. 8. Huey;
Secretary and Treasurer, W. D. Breed; General Manager, Wm. Raber.
—V. 74, p. 204; V. 76, p. 704, 810; V. 78 p. 2442.
$64,664; Interest
,
MARION,
COAL BELT ELECTRIC
STOCK
&
Bonds—
Date.
Interest.
&
Outstand'g.
Maturity.
$300,000
300,000
MARION, OHIO.
MARION RY. LIGHT & POWER COOrganization.— Incorporated in Ohio on June 24, 1903, and is a
consolidation of the Marion Street Railway Co. and the Marion Elec-
& Power Co.
& BONDS—
$S00,(00
STOCK
Date.
Interest.
Outstand'g.
Maturity.
$500,000
5 g. J-J
$500,000, > 1903
500,000 July I, 1923
gold ($500 & $1,000) ..c* 5 Int. at Ohio Trust Co.,Columbus,Trustee.
Bonds.— No sinking fund and bonds cannot be called.
ROAD— 10 miles of track in Marion. Standard gauge. 60 & 80-lb. rail.
OFFICERS.— Pres., Jno G.Webb, Springfield; Vice Pres., Theo. Troupe;
Sec and Treas., W. A. Black; Gen. Mgr. & Pur. Agent, Geo. Whysall—
T. 77, p. 89.
($100)
MAUCH CHUNK,
MAUCHSTREET
CHUNKRY.
INGTON
LEHIGHTON
& SLATroad.
A
trolley
On April 12,
1904, property was sold at foreclosure and bid in by the
reorganization committee. V. 79, 681. On Sept. 23, 1904, was taken
out of receiver's hands. Reorganization will be effected on October
17, 1904. Old securities 'were as follows
Dale. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $600,000, $50
$600,000
1st mortgage, $600,000,
500,000 May 1, 1931
30, $< 1901 5g. M-N
.0*$ Int. at West End Trust Co., Phila., Trustee.
gold ($1,000)
&
ROAD— Was to operate 25
miles of road, connecting the points
named
which 12 miles completed and in operation. —V. 78,
1392, 1447.-V. 79, p. 68
in tne title, of
p.
L
MEADVILLE, PA.
„MEADVILLE
& CAMBRIDGE SPRINGS
RY.-An electrio road.
STREET
Organization— Incorporated in Pennsylvania in 1901. Carries
paseengers, mail and express. Population served, 25,000.
Interest.
Outstand'g.
Date.
Maturity.
STOCK
BONDS—
Stock, $300,000
$300,000
&
1st mort., $300,000
/
1902
$
Int. at
5
300,000
July 1. 1932
Equitable Trust Co., Pittsburg, Trustee.
Bonds— Are subjeot to call after 20 years at 105 and interest.
Earnings— For fiscal year ending June 30, 1904, gross, $41,467; net,
($500)
$22,433.
Road— Operates 16*20 miles of track between Meadville and Cambridge Springs, forming the connecting link between Meadville and
Erie. 7713 and 85 lb. T rail. Commenced operating Jan. 1 5, 1903.
Pres.,F. R. Shryock; Treas Chas. Fahr. Offices, Meadville, Pa.
,
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY
CO.-
ORGANIZATION—Chartered in 1895 and consolidated with the Citizens' St., East End Street, City & Suburban and Memphis & Raleigh
franchise runs till 1945.
Miles. Date. Interest.
Outstand'g
Maturity.
8t'k$500,000($100)
$500,000
Citz. St. RR. 1st M. ) 85
1887 6 g. J-J
906.000 Jan. 1, 1916
($1,000), gold .0* 5 Int. at Am. Ex.Nat. Bk.of N.Y.and in Memp.,Tenn.
Road—Operates 85 miles of track in Memphis and suburbs. Rails 1%
lines;
STOCK & BONDS—
.
90 lb. T and Johnson.
OFFICERS—Pres., O. K. G.
to
Billings Vice-President, General Man'r and
Puroh. Agent. F. G. Jones; Seoy., W. 8. McCrea; Treas., R. L. Benson.
- V. 67, p. 371; V. 74, p. 987, 1089; V. 77, p. 2098; V. 78, p. 1497.
;
MENOMINEE, MICH.
MENOMINEE & MARINETTE LIGHT &
TRACTION COconsolidation
In June, 1903, of the
Organization— Is a
Menominee
Elec Light, Ry. & Power, the Marinette Gas, Elec. L. & St. Ry. Co.and
the Menominee River Gas Co.
Owns 7 miles of track. Further Information refused.
Officers.— President, A. Spies; Vice-President, S. M. Stephenson;
& General Manager, E. Daniell.— V. 74, p. 478; V. 76, p. 1355
Secretary
MERIDIAN, MISS.
MERIDIAN LIGHT & RAILWAY CO in Mississippi in 1901 as a reorganizatreet Ry. In March, 1903, increased capital
made a new refunding mortgage for $7 C>0,000 for the. purpose of making extensive improvements
to the property. See V. 78, p, 1109, 1223.
Date.
Interest. Outstand'g.
Maturity.
STOCK & BONDS Common, $600,000
$306,500
Pref. 6% n. c, $400,000
None
346,000 March 1, 1944
Ref. mtge., $750,000, g., ) 1904 5 g. M-S
($500 and $1,000)... c" $ Int. at City Bank & Tr. Co., Mobile, Trustee.
Bonds— There was $225,000 of first 5s outstanding, but these (with
the exception of $4,000 for which new bonds are reserved) have been
deposited as collateral for the new bonds, A sinking fund of two per
cent of bonds outstanding becomes operative March 1, 1906. Bonds
are subject to call on 60 days notice at 105.
Earnings—Total gross for 12 months ending Dec. 31, 1903. $77,155;
net (after operating expenses, insurance, re«erve for contingencies,
discounts and allowances), $16,744; taxes & int., $11,030; bal., $5,714.
ROAD—7 miles of track. Eleotrio department operates 130 city arcs,
6,000 incandescent lamps, 75 H. P. motors and 100 oommero'l arc lights.
OFFICERS— President, W. H Armbrecht; Vlce-Pres.. A. J. Patterson;
Sec and Treas., J. A. Gibson.— V 75. p. 29; V. 78, p. 1109, 1223.
michigan"city, ind.
MICHIGAN CITY ELECTRIC CO-0°G*niz»tion -Incorporated in Indiana on June 13, 1902, and la
successor to the Lake Cities Electric Ry., purchased at foreclosure sale
on Dec. 10, 15*03, and to the Citizens' Street Ry.
Date.
Interest. Outsland\g. Maturity.
Bonds—
STOCK
&
Common, $200,000
IA.
MARSHALLTOWN
LIGHT POWER
Incorporated
Iowa
1892. Exclusive
& RY.
Organization—
Runs electiical
STOCK & BONDS—
In
in
rights till
lighting and gas plant and electrio railway.
Date.
Interest.
Outstand'g.
Maturity.
Stook ($500,000) ($100)
$250,000f.p
1st mortgage ($150,000) ) 1893
6g.J-J
150,000
July 1, 1913
gold ($1,000)
c* $ Int. at 111. Tr. & Sav. Bk., Chioago, trustee.
1917.
Bonds— Cannot be
PA.
...
MARSHALLTOWN,
called.
traok, 4 m. Standard gauge, 40 and 60-lb. T rail.
OFFICERS— Prest., O. D. Jones, Independence, la,; Sec. 8. B. Hovey,
Independence, la.; Treas. and Supt., M. W. Hovey, Marshalltown, la.
Road—Trolley
&
stock from $450,000 to $1,000,000 ana
;
Stock,
1st mortgage,
-
Organization— Incorporated
lstmort., $300,000, gold) 1901
5 g. J-D
Deo. 1, 1921
c&rslnt. at Am. Tr.
($500)
8av. B'k.Chicago.Trustee.
Bonds— Are subjeot to call in any amount at 105.
ROAD— Operates 22 miles of track from Marion to Splllertown, Pollard, Oarterville and Herrin. Standard gauge. 60-lb. T rail.
OFFICERS— Pres., F. 8. Peabody ^ice-Pres. & Gen. Mgr., J. J. Hart;
Sec. A. W. Underwood; Treas., J. D. Adams; Traffic Mgr. & Aud., J.
B. Russell, all of Chicago; Supt., W. L. Runyon, Marlon.
Light
trolley
1897. Owns right of way 33 feet wide from Mason City to Clear Lake,
9 miles. Length of line within and between two cities, 17 6 miles,
Stock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J.-J. 15,
interest at Illinois Trust & Savings Bank, Chioago, Trustee; sinking
fund retires $3,000 yearly at 103, beginning Jan. 15, 1900, ana
amount outstanding, $85,000. Handles all freight coming over Iowa
Central, Chicago
North Western and Chicago Great West'n railways,
between Mason City and Clear Lake. President and Gen. Manager, W.
E. Brice; Seoretary, F. J. Hanlon.
tion of the Meridian
ILL.
RY--
Stock, $300,000 ($100)
trio
MASON CITY, IOWA.
LAKE
MASON
CITY & CLEAR road.
RAILWAY
Operated since July
CO-— Organization, Etc.— A
Springs
Organization—Successor in April, 1903, to the Citizens* Electrio
Ry. Light & Power Co., which in turn was successor to the Mansfield
[Vol. lxxix.
($100)
Pref, $75,0005% nc v $100)
1st mort, +300,000, gold
cfcr
($500 and $ 100)
'
1S03
5*r.
QM
$*00,000
75,000
150,000 Dec. 1,1923
Central TrustCo.,indlanap., Trust,
or at Mercantile Trust Co., N. Y.
Bonds.— $150,000 are reserved for extensions and betterments. Are
subject to call at 102 on any interest date.
Earnings— For period from Dec. 10, 1903, to Sept. 1, 1901, gross,
$32,422; net, $11,188.
Road Operates 3 miles of track in oity. 72 anl 85-lb. T rail. Extension of 2 miles will be built in 1905. Also owns commercial and
municipal lighting plant, covering all of city and suburbs, operated
under perpetual franchise. Has 10-year contract with city from
Aug. 1, 1903, for municipal lighting.
]
Int. at
STREET RAILWAYS.
Oct., 1904.]
Officers— President, Russell B. Harrison, Indianapolis: Vice Pres.,
Sec., P. M. Ingler; Treas., Eaw. L. McKee; Gen.
Man., A. A. Boyd; Supt., W. E. Wright.
Hugh J. McGowan;
CO -A trolley road.
MICHIGAN CITY TRACTION
1902.
in Indiana on Deo.
Organization— Incorporated
Dale.
STOCK & BONDS—
Common, $30<>,000( $100)
Pref.,
,
$200,000
5%
1,
Interest.
n. o
Maturity.
Outntand'g.
See text
Seetext
-
Dec. 1, 1923
$100,000
5 g. Q-M
\\e;'**«'«
ii nnn onn a ( 1903
/' Int. at Indiana Trust Co., IndianapoliP.Trus-
^8
<.
l8t
($100&$o00)... .c&r^\
'
.
tee, or Mercantile Trust Co., New York.
Stock— We are informed that there is "very little issued."
Bonds— No sinking fund, but subject to call on any int. date at 102.
Road— Is to operate 36 miles of track from Michigan City lo South
Bend, of which 4 miles in Michigan City has been completed. Standard
gauge, 85-lb.
T
-
INDIANA
& MICHIGAN TRACCHICAGOA trolley
road.
TION CO—
Organization— Incorporated
Date.
STOCK & BONDS—
Common, $4<h>,000 ($100)
in Indiana
Interest.
May
on
1903.
Oulstand'g,
CO
8,
Maturity.
'.
(?)
5% n. o
to operate 36 miles of track from Michigan City to
mond. Road is to be constructed in 1905.
OFFICERS— President, Russell B. Harrison, Indianapolis; Vice Pre".,
Hugh J. McGowan; Sec, Lynn B. Martindale; Treas., Edward L. Mc-
$100,000
Ham
Road- Is
Kee; Manager, A. A. Boyd,
MIDDLEBORO, MASS.
WAREHAM
MIDDLEBORO
& BUZZARD'S
road.
BAY STREET RY.-A
reorganization was advanced m July, 190*,
trolley
A
by the
plan of
organization committee.
re-
See Bristol County St. Ry. in V. 79, p. 501.
Organization— March 1 1904. John T. Burnett and John L. Hall appointed receivers We are Informed that interest on the bonds is not
In default. See V. 78, p. 1109.
,
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $150,000, $100
1st mortgage, $150,000
o.
($1,000), gold
See text.
$150,000
1901
5g. A-0
150,000
Oct. 1, 1921
{
Federal
Boston,
Int.
at
Trust
Co.,
Trustee.
5
Bonds.— No sinking fund, but subject to call on or before Oct. 1,
1906, at 110; thereafter through Oct. 1, 1911, at 107 1* and thereafter
before Oct. 1, 1921, at 105, all with interest.
Earnings—For year ending Sept. 30, 1903, gross. $56,881; net-
and taxes, $9,747; dividends, $1,875; surplus, $407ROAD—Operates 29 miles of track In Middleboro and to Buzzard's
Bay and to Monument Beach. Ralls 60 and 70 lb. TOFFICERS— President, A. M. Bearse, Middleboro; Vice- Pres.. E. F.
Witham; Secretary and Treasurer, Thos. F. Carev; Counsel, Nathan
Washburn.—V. 73, p. 843, 1264, 1313; V. 78, p. 1109; V. 79, p. 501.
$12,029; interest
MIDDLETOWN, CONN. road.
Serves
MIDDLETOWN
STREET RY.-A
population of about 23,000.
trolley
Organization— Organized on Jan.
On Jan.
12, 1884.
29, 1898, con-
solidated with the Portland St. Ry.
Btook,par,$25 ($200 ,000) ,$135,000
Mlddletown
Horse RR.
Earnings— Foryearendlng June
I
I
30, 1903, gross, $41,905; net after
IstM., $180,000, gold,
reconstruction ctigs., $10,267; int.
due 1915 (J-D) $500) 180,000 and taxes, $10,110; surp., $157.
Road— Owns about 12 miles of tracks in Mlddletown and PortlandI
5;
1555
&
Maturity.
Date.
Interest. Outstand'g.
BondsStock
Stook. $440,000 ($100).
*440,000 In 1903, 6%
M. Holl
Fram. 1st M., ? 1898
5g. J-J
$165,000 Jan. 1, 1918
Tr. Co Boston, Trustee
$165,000 ($1,000) g..c* 5 Int. at Am. L.
Mllf. <fe Uxb. gold bonds, {
1902
5g. J-J
$219,000 Jan. 1, 1918
$250,000 ($1,000) g. o* 5 Int. at Am. L.
Tr. Co , Boston, Trustee.
Notes payable Sept. 30, 1903
$75,500
Earnings For fiscal year ending Sept. 30. 1903. gross, $149,966
net, $37,985; fixed charges, $34,457; surplus, $3.5^8.
Road— Owns 36 miles of track, from So. Framlngham to Uxbrid<re>
and from Milford to Medway and Hopkinton. Also controls Lake Nip"
anuo Park.
Officers— President, John T. Manson, New Haven, Ct.; Vice-Prest..
Sydney Harwood; Treas.. J. E. Walker, Milford; Supt., W. L. Adams;
Milford, Mass.-V. 74, p. 1308;V. 76, p. 102.
&
&
&
,
MILLVILLE, N. J.
MILLVILLE TRACTION-A trolley road.
rail.
0FFICE°S— President, Russell B. Harrison, Indianapolis; Vice Pres.,
Hugh J. McGowan; Secy. & Mgr., A. A. Boyd; Treas., Fred. J. Brink
meyer; Sup't, Walter Wright.
Pref.,
—
:
.
&
Date. Interest.
Outstand'g.
Maturity.
Bonds—
STOCK
Stock, $175,000
$175,000
208,000
1914
1st mortgage, $400,000.) 1894 5g.F-A
c* s Interest at Land Title & Tr., Phlla.. Trus.
gold ($1,000 each)
33,165
"Other debts" Dec.31,*03
Earnings— For year 1903, gross, $30,336; net, $6,922.
Road.—Operates 12-54 miles of track in Mlllville, Vlneland and
township of Landis, of which 8 '67 miles put in operation in 1901.
Officers.—Pres't, G. B. Langley; Sec, G. H. Thomas; Treas., Daniel O.
Lewis.
^^^^
MILWAUKEE,
WIS.
ELECTRIC RY & LIGHT.MILWAUKEE
Successor
Milwaukee
Railway Company
of
Street
Organization—
sold in foreclosure Jan. 29, 1896, per plan in V. 60, p. 1009. Embraces all the street railway lines in Milwaukee, and an extensive
system of suburban and interurban lines. Controlled by the "North
American Co." (See Miscellaneous Companies in Railway St Industrial Section.)
The company, besides its street railway system, owns and operates electric-light ana power works under franthese include all the electric-light
chises said to be exclusive
companies, among others the Edison Elec Illuminating Co., the Milwaukee Electrio Light Co., the Badger Illuminating Co., the Milwaukee
Aro Light & Power Co. and the Pabst Light, Heat & Power Co. Was
furnishing on Dec.31, 1903, 137,177 incandescent lamps, about 3,739
h. p. in motors and 3,226 aro lights. Owns all the stock of the Milwaukee Light, Heat Traction Co. See its statement below.
The franchises of the company run until Dec. 31, 1934.—V. 70, p. 39.
Stockholders in Jan., 1901, voted to increase common stock from $3,500,000 to $15,000,000, to provide funds for improvements, the additional stock to be issued from time to time as needei.
Maturity.
Date. Interest. Outstand'g.
Stock db Bonds—
;
&
c
000
5 00
8
^ar$ ioo?:..!h :.
?:
Pref. stock, $4",506,000,"6
$8,013,500
mi9»4,4%
S
OF
**
*
4 500 000 Ane
H«Q4
4,otw,uuu
a.ng. '04
v±,i.i>*
p. c, non-cum., par $100 \
Mllw. City RR. 1st mort., 5 1888 5g. J-D
1,000,000 Deo. 1, 1908
41 m.,$l,000,000,gold.o* I Central Trust Co., N. Y. City, is trustee.
West 8ide Street Ry., 1st* 1889 5g. J-J
$500,000 July 1, 1909
mort., covers 18 miles... ( Int. at Farmers' L. & Tr. Co., New York.
Mil w. El. Ry. & Light Co., < 1896 5g. F-A $6,500,000 Feb. 1, 1926
oonsol.M.$8,000,000,g.c* \ Central Trust Co., New York, Trustee.
Interest payable at company's office, 30 Broad Street, N. Y.
Stock and Bonds— Hew consols of 1896 for $1,500,000 are reserve*
for prior bonds still outstanding.
These bonds and also the preferred
stock are listed on the N. Y. Stock Exchange.
Road—Total track 150-32 miles— all trolley.
Annual Report— Fiscal year ends Deo. 31.
Calendar year—
1903.
1902.
1901.
1900.
Gross railway
$2,558,459 $2,302,514 $2,032,208 $1,850,086
Lighting, etc
354,450
472,018
434,807
385,226
>
|
Has 30 oars.
Officers—President, Oliver
Gildersleeve, Portland, Conn.; VicePresident, Abel O. Allison, Middletown; secretary ana Treasurer, J. K.
Guy, Mlddletown. INDEX— V. 62, p. 85 V. 75, p. 981.
:
MIDDLETOWN,
N. Y.
MIDDLETOWN-GOSHEN ELECTRIC RYW. B. Royce was appointed
In
Sept., 1904,
receiver, interest
on the
bonds being in default since 1898. The Farmers' Loan & Trust Co. of
New York has instituted foreclosure proceedings.
Organization— On Oct. 25, 1 899, was incorporated as successor by
purchase at foreclosure of the Mlddletown-Goshen Traction.
Date. Interest. Outst'd'g.
Maturity
Bonds—
Stock
Stock, $100,000 auth. $100
$100,000
OldCo's.lstmort.,$200,000,) 1894 6g. J-J
200,000 Jan. 1, 1919
Reduced temporarily to 4 per cent.
gold, $1,000, s. f
o* s
Middlet'n-Bloomb'g 1st M. ) 1895 6 M.&N\
75,000 May 1, 1920
gold ($1,000) $200,000 s.f. 5 Reduced temporarily to 4 per cent.
EARNINGS— For lisoal year ending June 30, 1903, gross, $46,854;
net, $2,868; other income, $238; taxes, $2,112; surplus, $994.
Road—Operates 13 miles of track extending from Middletown,
N. Y., to Midway Park, Goshen, including switches, turnouts, etc
Rails 65-lb. T except ^ mile only of 80 lb. girder. Standard gauge.
OFFICERS— President and Gen. Manager, W. B. Royce; Vice-Pres.. W.
B. Broomall; Sec. and Treas., Herbert B. Royce; Sup't, Samuel Gans-
&
mann.-V.
67, p.
480, 1003; V. 69,
p.
440, 852, 906; V. 78, p. 1392.
MILFORD, MASS.
MILFORD
ATTLEBORO
& WOONSOCKET
road.
ST. RY. -A
trolley
Organization.— Conneots the towns named in the title.
Dale
Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock ($100) $325,000.
$315,000 1901-02,4%
lstmtge.,$300,000,gold) 1899
5g, A-O
250,000
Oct. 1, 1919
Interest at Mercantile Trust Co., Boston,
Trustee.
Road— Owns and operates 30 miles of track. Has traffio agreement with Woonsocket Street Railway, allowing it to run over its
tracks into the city. Operates 26 cars. Rails, 60 and 85 lb.
Earnings— For years ending Sept. 30. In 1903, gross, $88,147. In
1902, gross, $75,461 net, $23,390; interest, $12,500; taxes and Hoag
Park operation, $5,306; dividends, $10,000; deficit, $4,415.
OFFICERS—Pres., G. W. Wiggin, Franklin; Treas., E. K. Ray, Woonsocket Sec and Man., W. H. Tyler, Milford.— V. 73, p. 236, 392.
($1,000)
Cannot be
o. >
called.
)
;
;
MILFORD & TJXBRIDGE ST.
RY.-Trolley.
Organization. -Incorporated in Massachusetts in 1901. On July
10, 1902, consolidated by purchase of en tire capital stock with the
Milford Holliston & Framlngham St. Ry.
Gross earnings
$3,030,477
Operating expenses.. 1,526,910
Net earnings
Other income
$2,737,321
1,286,035
$2,417,434
1,185,534
$2,204,536
1,129,786
$1,503,567 $1,451,286
65,847
38,972
$1,231,900
24,907
$1,074,750
16,162
$1,569,414
$1,256,807
$1,090,912
$1,490,258
Out of the net of $1,569,414 for 1903, $401,961 was paid for interest
and $166,676 for taxes, $270,000 for pref. divs. (6%), $309,802 for
oom. div. (»%) and $303,048 was charged up for depredation, leaving
a surplus bal. of $117,927.
Latest Earnings—Jan.
Gross
l to
Aug. 31.
Net.
Other Inc. Oharaes.
Surplus.
1904
$2,0?4,942 $1,020,324
$9,636 $598J90 $431,170
1903
1,964,082
405,799
971,062
573,870
8,607
Dividend— Regular quarterly dividends of 1 <« per cent have been
paid on the preferred stock since February, 1900. On the common
stock in Feb., 1903, 4 p. c was paid out of earnings for 1602, and in
1904 4 p. c paid from earnings of 1903.
OFFICERS— President & Gen'l Mgr., John I. Beggs, 1st Vice-Pres.,
N. Cromwell, 2d Vice-Pres., C W. Wetmore; Secretary, 8ilas W.
Burt, New York; Treas., Geo. R. Sheldon; Auditor, H. C. Mackay. N.
Y. office, 30 Broad St., N. Y. City.— V. 75, p. 77; V. 76, p. 263.
Companies Controlled by the Milwaukee Electric Ry,
& Light Co.
Wm.
MILWAUKEE LIGHT HEAT & TRACTION COMPANY.— Incor-
The capital stock ($500,000) is all owned
by the Milwaukee Electrio Railway & Light Co.
The Traotion Company owns and operates the following properties
porated December, 1896.
all trolley
roads
Milwaukee & Wauwatosa Motor Railway Co., operating between
Milwaukee and the town of Wauwatosa.
North Greenfield & Waukesha Electrio Railway Co., Waukesha Beaoh
Electric Railway Co., Waukesha Electric Railway Co., operating between Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electrio Ry. Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co., operating in Racine and connecting
with the Milwaukee Racine & Kenosha line.
Total mileage, 10269 miles.
The company also owns the electric-light plant of the Badger Electric
Oo. of Raoine, the electric lighting plant formerly belonging to the Belle
City Electrio Railway Co. and the Racine Gas Light Co
Maturity.
Date.
Interest. Outstanding.
STOCK
BONDS—
&
Common
$500,000
stook,>
A
Annnn
$500,000
„,.
1st M. g. guar.$5,000,- ) 1899 5 g. M. - N.
May 1, 1929
3,223,000
000 ($1,000) gold.o* 5 City Trust Co., N. Y., trustee.
Interest at Co.'s office, 30 Broad St., N.Y. Bonds may be called at
110 on any interest date.
The bonds are guaranteed, principal and interest, by the Milwaukee
Electrio Railway & Light Company; in consideration for which the
latter reoeives ihe surplus income of the traction company; $1,777,000 are reserved for acquisitions and improvements. J
STREET RAILWAYS.
1556
REPORT— Fiscal year ending Deo.
Gross— Railway
"
$352,619
70,283
Eleotrio light
Total gross
For decision as to right
31, 1903:
Other income
$30,029
Int. charges and taxes ..*168,990
Balance, surplus
$70,921
$422,902
Expenses—By.&
eleo lt...$213,020
*
Including $21,045 for depre-
Net earnings
$209,882
Latest Earnings—Jan. l to Aug. 81.
Other Inc.
Net.
Surplus.
Charges.
$2i,109
1904
$299,046 $152,528
$273
$131,692
1903
278,378
29,031
133,368
28
109,365
Officers and Directors— Same as The Milwaukee Eleotrio Railway & Light Company.
General office, 451 Broadway, Milwaukee, Wis. New York office,
30 Broad Street—V. 70, p. 277; V. 72, p. 283, 937 V. 75, p. 394.
;
WISCONSIN' TRACTION
POWER
COThis company
HEAT &
LIGHT,
was incorporated at Milwaukee In
Orqanization—
August,* 1900, with a nominal capital of $10,000 (sinoe increased
to $1,000,000), for the purpose of uniting certain properties in
the Fox River Valley; will also form, it is thought, a link in a line
from Chicago to Green Bay, Wis. Secured control of the Fox River
Valley Eleotrio Ry. and the Appleton Electric Light & Power Co., and
has consolidated them. In Sept., 1904, purchased entire capital stock
of the Fox River Valley Gas & Electric Light Co. and guarantees its
bonds, principal and interest. See V. 79, p. 787, 1267.
Date.
Interest. Outstanding. Maturity.
STOCK & BONDS.
Stock. $1,000,000 ($100)
$750,000
5g. J-J
1st mortgage $3,000,000 ) 1901
950,000 July 1, 1931
($1,000), gold, no s. f..o* Int. at Milwaukee Trust Co., MIL, trustee
Fox River Val. 1st mort. > 1901
5g.
350.000 Apr. 1, 1921
$350,000 g. ($1,000) c. £ Merchant's Loan & Tr. Co., Chic, Trustee.
Bonds.— Entire issue of Wis. Trac. L. H. & P. Co. bonds may be called
on any interest date at 110. The Fox River Valley bonds are subject
to call after April 1, 1911 at 105 and interest.
Road.— Operates 15 miles of track, connecting Neenah, Menasha,
Appleton and Kaukana, and 5 miles looally in the city of Appleton;
total 20 miles. Owns electric-lighting plants in Appleton, Neenah and
Menasha and supplies gas to Neenah, Menasha anl Appleton.
OFFICERS.— Pres.. John I. Beggs, Milwaukee, Trea°.,lHenry D.Smith,
1st Nat. Bank building, Appleton, Wis.—V. 79, p. 787, 1267.
—
<,
MINNEAPOLIS, MINN.
TWIN CITY RAPID
road.
TRANSIT-Cable
and
electric
Organization— Organized under the laws of the State of New Jersey,
June 3, 1891, and by virtue of its stock ownership of the underlying companies (to wit: The Minneapolis Street- Railway Co., The St.
Paul City Railway Co.. the Minneapolis Lyniale & Minnetonka Railway
Co. and the Minneapolis & St. Paul Suburban) controls and operates
the entire street railway system of Minneapolis, St. Paul and Stillwater.
Date.
Interest. Outstanding.
Maturity.
Stock & Bonds—
Twin City Rap. Tran. —
Common stock, $17,-
]
000,000; par, $100
Preferred stck, cum i , OQe
$3,000,000 ($100) $ 10 *
Minn. St. Ry. Co.M., g.,red. at 105. \ , aan
1stt M.,
1880
yearly.
ye
i
2d moft.,gold...o**r 1883
let oonsol. mort. gold,
$5,000,000
c* 1889
8t. Paul Oity Ry. Co.—
5 Q-F.
$16,511,000 Aug.l5,*04,l»4%
7 Q.-J.
3,000,000 Oct. 1904,
<
.
190,000 Nov.
600,000 Nov.
6g. M.-N.
1910
1913
1,
1,
Jan. 15, 1919
4,190,000
5g. J./y-J.
) 1882
224,000 Apr., 1, 1932
6g. A.-O.
horse-car franch .. > Exchangeable at 105 for 1st consol.
lstconsol. M., gold.. 1884
6g. A.-O.
456,000 Oct. 1,1934
Cab. oon.,g., see text. 1887
5g. J./j-J.
3,708,000 Jan. 15, 1937
Minn, dk St. Paul Sub. hy.
—
Gua bvTw?nCitv'R
1
1899 5 g
M -S.
500,000
and It Paul aty ! \ Int at Central TrU8t °°"
Minn. St. <t St. Paul City Ry.—
T.
'
N Y
-
Sept. 1.
"
Tru8tee
1924
-
Joint issue gen. M., $1,->1901 5 g. J - J
$990,000 Jan. 1,1911
000,' 00 ($1,000) gold c S Int. payable at Cent'l Tr. Co. N. Y., trust.
ft
con.
M.
$10,000,-5
1903
A
Joint
g.
O 3,044.000 Oct. 1, 1928
000 ($1,000) c* gu. p.&i. \ Central Trust Co. of N. Y., Trustee.
All bonds are for $1,000 each, and, with the exception of the Minn.
& St. Paul Sub. Ry. and the two joint issues,(of 1901 and 19 Jo), interest
at Farmers' Loan & Trust Co., N. Y.
Stock— In May, 1902, stockholders were given the right to take
at par $1,501,000 additional stock, payable in instalments, the last
Dec. 1, 1902. V 74, p. 1039.
Dividends—All dividends on preferred to and Including Oct. 1, 1904
(1% per cent), have been paid. First dividend of 1 per cent was paid
on the common stock in August, 1899; in 1900, 3 per cent; in 1901,
3»* per cent; in 1902, Feb.. 2 p. c; changed to quarterly and
paid
May,1902; Aug.,114 p.c; Nov., 114%: In 1903, 5%.; in 1904, Feb ,1>4%;
May 16, l 1* per cent; Aug. 15, 1*4 per cent.
Bonds.—The Minneapolis Street Railway Co. jointly and severally
with the Minneapolis Lyndale A Minnetonka Railway Co. Issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $790,000 are held in trust by the Farmers' Loan & Trust Company to redeem the $790,000 prior lien bonds. See
statement to N. Y. Stock Exchange in June, 1895. The consols are
also listed in London.— V. 60, p. 1149.
The St. Paul Oity Railway Company has Issued $4,388,000 5 per cent
50-year cable consolidated bonds (including $680,000 held by the
Farmers' Loan <fe Trust Company, trustee, to redeem the $680,000 prior
lien bonds above); limit fixed by this mortgage wan $5,500,000, but by
the joint consol. mtge. of 1903 no further underljlng bonds can be
put out. V. 77, p. 2281. Part of these cable consols ($1,138,000 at
latest date) arejguaranteed, principal and interest, by endorsement
of Twin City R. T. Co. See statement to N. Y Stock Exohange in June,
1895. V. 60, p. 1150. Of the first cons. mort. of the St. Paul City,
$234,000 were held Jan., 1902, by the Farmers' Loan & Trust Co., to
be exchanged for the $224,000 first mortgage bonds.
The Minn St. Ry <& St Paul OiiyRy. consol. mortgage of 1903 Is a
Joint Issue of the Minneapolis 8t. Ry. and the St. Paul City Ry. $3,500,000 were to reimburse Twin City Rap. Trans. Co. in part for ex
penditures made for additions to roads, plants and equipment. $1,000,000 is reserved to retire the joint gen. mort. of 1901, whloh the
new mort. bind* the company to pay at maturity. Rest reserved for
new construction, additions and Improvements at 90 p. 0. of cost.
Guaranteed as to principal and interest by Twin City Rap. Tr. Co.
(See V. 77, p. 2281 and 2340). No underlying bonds oan be extended,
but must be paid off at maturity.
Road—Consists of 25261 miles of standard-gauge road, Including two
lnterurban lines connecting the business centres of Minneapolis an<i
St. Paul, and an lnterurban line of 22 miles connecting St. Paul and
Stillwater. Several extensions are proposed, among them being a
third llxe between Minneapolis and St. Paul.
On the principal streets of the cities 80-lb. T rail with welded joints
and imbedded In concrete was used.
in both cities.
See V. 64, p. 704.
31. Report for 1903 was In
V. 78, p. 699, showing results on the entire property as follows:
1903.
1902.
1901.
Receipts from passengers
$4,042,229 $3,591,548 $3,150,498
Receipts from other sources
21,709
20,662
23,478
Total receipts
$4,063,938 $3,612,210 $3,173,976
$1,674,251 $1,471 ,358 $1,303,196
41,104
20,366
15.116
162,695
138,445
97,140
Operating expenses
Insurance
Injuries
and damages
Total operating
$1,878,050
Net earnings
Interest and taxes
Dividends on 7 p. 0. pref.
Dividends on common
$1,630,169
$2,185,888 $1,982,041 $1,758,524
$731,041
$711,718
$666,638
210,000
210.000
210,000
(5%)825,550(5%)769,262(4%)600,400
$1,766,591
Latest Earnings—Jan.
1
$419,297
to Aug. 31
Net
$1,490,077
1,406,627
Gross
$2,834,228
2,648,591
1904
1903
$1,415,452
stock....
Total
Balance, surplus
$1,690,980
$291,061
$1,477,038
$281,486
Charges.
$725,*?91
Surplus.
$764,7S6
779,434
627,193
OFFICERS—President, Thomas Lowry Vice-President, Secretary and
Treas.,C. G. Goodrich; Auditor, E. S. Pattee; General Manager, W. J.
Hleld.—V. 78, p. 49, 584, 699; V. 79, p 271.
;
MOBILE, ALA.
MOBILE LIGHT &
RAILROAD-Trolley.
Organization— A consolidation on
Sept. 1, 1901, of the Mobile Light
the Mobile Street RR.; the franchises of both companies
were extended on Sept. 12, 1901, to March 12, 1955. See V. 73,p. 616.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock, $2,250,000, par $100
$2,250,000
1897
97 **• J ^>
400 000 June *• 1937
1st mortgage, gold ($1,000) . . {
[nt. at Farm. Loan & Trust Co., N. Y.
Mobile St. RR. 1st mortgage, { 1893 6g. M-N $300,000 May 1, 1923
gold, $350,000
o* t Farmers' Loan <fe Trust. N. Y., Trustee.
Interest at Nat. City Bank, New York
Consolidated mortgage, gold 5 1901 5g. M-S
900.000 Sept 1, 1941
c" I Int. at N.Y. Seo.& Tr. Co., N. Y.,Trustee.
($1,000), $2,250,000
Bonds— Of the $2,250,000 mortgage, $700,000 Is for prior liens.
Latest Gross EARNiNGS-For 12 months ending Dec. 31, 1903,
$303,991; in 1902, $284,794.
Road, ETC.— Owns 42 miles of track in Mobile and extensions to
Spring Hill, Whistler and Monroe Park. Company also owns "Monroe Park " and water power and 320 acres of land; also eleotrio light
plant of capacity of 20,000 incandescent lamps and 130 aro lamps,
with power circuit and power house.
OFFICERS— Pres. and Mgr., J. H. Wilson; Sec. and Treas., C. W. Chase.
-V. 61, p. 282 V. 72, p. 989, 3 080 V. 73, p. 236, 287, 554, 616.
& RR. and
&
™
'
;
MONTGOMERY.RY.-A
ALA.
MONTGOMERY STREET
Aug.
trolley road.
consolidation,
1,1894. Has a perpetual but
not exclusive franchise.
In 1901 purchased the West End Street
Organization— a
Ry. and also acquired the Montgomery Suburban St. Ry.
Maturity.
STOCK, Bonds.Etc Miles. Date. Interest. Outstand'g
$350,000
Stock. $350,000
14-25
1923
1893 6g. F-A
300,000
1st mortgage for $
$350,000, gold.. I Interest at Farmers* L. & T. Co., N. Y., Trustee.
Bonds—The bonds unissued may be sold at the company's discretion.
ROAD—Owns 20 miles of trolley road, including the West End road.
OFFICERS.— Pres., Richard Tillis; Treas.. G. W. Craik; Sec. & Cash.,
J. T. Darling; Gen'l Manager, Wm. J. Ginniven.— V. 77, p.2390.
MONTGOMERY TRACTION CO -A
trolley road.
Organization— Incorporated In Alabama.
Date. Interest. Outstind'a.
Stock & Bonds—
Maturity.
$443,000
Stock, 1,000,000 ($100)
318.000 Apr. 1, 1953
1st intge.. $350,000, gold, > 1903 5g. A. O.
c* Slnt. at North Am. Tr. Co , N. Y.. Trustee.
($1,000).
Bonds— Are subject to call on and after April 1, 1913 at 110 and Int.
Road— Operates 83 i miles of .track in Montgomery and to Pickett
Springs Standard gauge; 70 lb. T and 95-lb. girder rail.
OFFICERS-— Pres Roger H. Williams; Vice- Pres . Robt. E. Steiner;
Gen. Mgr., E E. WinSec. & Treas.. R. B. Mar ;hant; Asst. Treas.
ters.— V. 75, p. 240, 552.
,
m%
j
lines lu St. Paul, see V. 79, p.
power at
St. Anthony's Falls (capacwhich power is now used In conjunction with power
generated at new steam power plant to run the entire railway system
leases water
ity 10,000 h. p.),
1%
lstM.onrealest'e&
M
The company
;
7g. M.-N.
new
to build
271.
Annual Report— Fiscal year ends Dec.
ciation reserve fund.
Gross.
[Vol. lxxix.
&
MONTREAL, CANADA.
road.
RY-A
MONTREAL STREET
May
1861. Franchises expire
trolley
Organization— Chartered
18,
In
In March, 1899. authority was received from the Dominion
Parliament to Increase the stock to $10,000,000 from time to time. In
March, 1900, shareholders authorized the issue of $1 ,000,( 00 of the new
stock for betterments, new cars, etc. Shareholders were allowed to take
the stock at par. In Sept., 1903, stock was further Increased to $7,000,000, the additional $1,000,000 going to stockholders at par. On
June 20, 1901, purohased the Montreal Park & Island Ry. of 40
miles for $1,100,000, The purchase includes $967,000 bonds, 3,150
shares of pref. stock and 4,289 shares of com. stock; of the com. stook,
$58,000 is still outstanding. The purchase price was met by an issue
of new debenture bonds, as shown below.
Date. Interest. Outstanding. Maturity.
Stock AND BONDS—
Quar.
$7,000,000 '03-4 10%
Stock, $10,000,000; par $50
292,000 Mar. 1,'08
5 M-S
Sterling debentures, secured J 1888
t Int. at Bank of Montreal, London, Eng.
by trust deed
$681,333 Aug.1,'22
Sterling debentures, secured j 1893 4>s F-A
(Int. at Bank of Montreal, London, Eng.
by trust deed
New deb., $1,500,000, gold J 1902 4^g.M-N $1,500,000 Nov.1,'22
($100, $500 and $1,000). c* ( Int. at Bank of Montreal, Montreal.
Under trust deed of Aug. 10, 1893, the debenture 5s and the 4»«s of
1888 are of equal rank.
Report— Report for year ending Sept. 30, 1903, in V. 77, p. 2034.
Balance,
Contingent
Tear end.
Surplus.
Dividends.
Gross.
Account.
*Nel.
Sept. 30—
1922.
$9,»08
$2,222,788 $684,908 1$7ft,000 (10) $f 00,000
966
(10)600,000
2,046.208
700,966 1100,000
47,551
(10)551,700
1,900,679
649,251
50,000
- After charges.
IThls Includes a contribution of $25,000 In 1903
and $100,000 in 1902 to the fire insurance fund.
Latest Earnings— Oct. 1 to Aug. 31:
1903
1902
1901
1904
1903
Gross
$2,224,857
1,999,993
Net.
Charges.
Surplus.
$820,653
781,025
$231,263
210,778
$589,390
570,247
)
STREET RAILWAYS.
Oct., 1904. J
Road—Operates 117 46 miles
-
Bonds— Of
of track.
Officers— Pres., Hon. L. J. Forget; Vioe-Pres., H. W. Black well
Managing Director, W. G. Ross; 8eo., Patrick Dubee; Manager, D.
MoDonald.-V.77,p.251, 299,451, 511, 695, 769; V. 77, p. 2034.
>
MOUNT HOLLY,
N.
J.
BURLINGTON COUNTY RAILWAY COTrolley.
Organization —Is a consolidation in Angust, 1904, of tlie Burlington County Traction Co the Mount Holly Street Ry. and the People's
V. 79. p. 785. All outstanding bonds ot the constituent
Traction Co
companies are taken up with the new bond issue.
,
&
STOCK
BONDS.—
Interest. Outstanding.
Date.
Stock
1st nitge.. $=>50,000, gold
1904
)
5g.
Maturity.
155T
the $6,000,000 issue, $2,371,000 are reserved for prior
and the remaining $1,000,000 for future requirements at 80
Are subject to call after five years at 107Hj. tanking
p. o. of cost.
fund, $30,000 per annum, commences July l, 1914, but only If company has a surplus above charges and dlv. on preferred stock; bonds
to be kept alive in sinking fund. Thers is a sinking fund for the
Union Light & Power bonds of $3,000 per annum and bonds must be
oalled at not exoeeding par and int. for this purpose.
Road— Operates about 70 miles of track. Has been changed from
liens
broad to standard guage. Extensions planned.
Earnings- Year ending Dec. 31, 1903: Gross, $871,962; In 1902,
gross, $785,608.
Officers— Pres. and Mgr., Peroy Warner; Vlce-Pres., J. H. Fall;
& Treas., N. r.Yeatman.— V. 79, p. 152, 1266
Sec
%
MS
475,000
&
Sept. 1,
NATCHEZ,
1934
Int. at Mt. Holly 8. D.
Trust Co., Trus.
o' S
(*500 & $1.000)
Bondt.— $75,000, reserved for extensions, are not suhject to c<tll.
Road.- About 18 miles of track.
Officers.— Pres't. I. A. Sweigard; Vlce-Pres., Geo. Brook; Seo'y
& Treas., John S. Gilbert, 716 Land Title Bldg., PhUa.—V. 74, p. 1138;
V. 79, p 785.
MUNCIE, IND.
HARTFORD
MUNCIE
& FORT WAYNE
RY-A trolley road.
in Indiana In 1901. Commenced oper
Operates over private right of way between cities
and towns. $250,000 of new *tock (making total Issued $1,000,000)
was sold to shareholders in 1903 at 30.
Ouista?id'g.
Date.
Interest.
Maturity.
Bonds—
STOCK
Stock, $1,000,000 ($100)
$1,000,000
1st inortge., $1,000,000, \ 1902 5 g. J.-J.
1,000,000 July 1, 1932
gold ($1,000)
c* S Int. at Guardian Trust Co., Cleve., Trustee.
Bondt—No sinking funds, but can be oalled after 20 years at par.
EARNINGS— Year ending Feb.29, 1904: Gross, $134,837; net,$6*s,032.
Road 42^ miles of track.froin Muncie to Shideler, Royerton, Eaton,
Hartford City, Molly, Montpelier and Blufftdn. Standard gauge; 70lb. T rail between ciiies; in Muncie 98-lb girder and in Bluffton 95
Owns power-house and park of 37 acres at Eaton
lb. girder rails.
OFFICERS— President, S. M. Hexter, Cleveland; Vlce-Pres., A L.
Johnson, Muncie; Seo'y, F. M. Osborne, Cleveland: Asst. Sec, A. Lewenthal, Cleveland; Treas., J. C. Gilchrist, Cleveland; Man., Louis
Hexter, Cleveland; Supt., Louis Schlesinger, Eaton.— V. 77, p. 1534.
Organization— Incorporated
ations Feb., 1903.
&
—
MISS.
SOUTHERN LIGHT & TRACTION
railway, gas and
CO.-Street
electric.
Is controlled by Southern Eleotrio Securities Co. and $340,000 of
the stock and $266,000 of the bonds are pledged under the mortgage
of that company.- V. 79. p. 104.
ORGANIZATION— Incorporated in Louisiana in 1903, and is a consolidation ot the Natchez Electric Street Ry. & Power Co., the Natchez
Light, Power & Transit Co. and the Natchez Gas Light Co. Gas franchise perpetual; street railway and electric lighting franchises expire
In 1949. Does the entire street railway, gas, electrio lighting and
power business of Natchez. Has oontraot with city for street lighting.
Dale.
Outstanding.
Interest.
Maturity.
Bonds.—
Stock
$456,700
Stock, $500,000, $100
1903 5 g. A-015
340,000
Apr. 15, '33
1st Mtge. $500,0001 Int at Inter-State Tr. & Bkg. Co., New Orleans,
0*1
gold ($1,000)
Trustee, or at First Nat. Bank, New York.
Bondt— $160,000 are reserved for betterments and extensions. Are
subject to call on or after April 15, 1906, at 105 and interest.
Earnings For 12 months ending Feb. 28, 1903 (Gas Light Co. not
Included): Gross, $81,614; net, after taxes, $25,920.
Road— Operates about 7 miles of track.
Officers— Pres., S. 8 Bullis; Vice Pres., Sol Wexler, New Orleans;
Sewetary, W. B. Spencer.— V. 76, p 1086; V.79, p. 104.
&
•
NAZARETH, PA.
SLATE BELT ELECTRIC ST. RY.-A trolley road.
in Pennsylvania on Feb. 14, 1899.
formerly leased to the Lehigh Valley Traction Co. but lease canceled on May 10, 1904, owing to default in payment of rental.
Date.
Interest. Outstand'g.
Maturity.
BONDS Stock
$360,0 '0
Stock. $360,000 ($50)
5 g. J-D
360,000
1929
1st mtge. $3 50,000, gold) 1893
c&r S Int.at Lehigh Val.Tr AS.D.Co.,AUent..Truet.
($1,000;
Binds— Are guaranteed, principal and interest, by Lehigh Valley
Traction Co. Are subject to call after 5 ye*rs at I05.
Road Operates 18 miles of track from Nazareth to Bangor. 67-lb.
Organization— Incorporated
Wa*
MUSCATINE, IOWA.
CITIZENS' RY. &
LIGHT CO -Trolley and
light.
Organization— Incorporated in Iowa in 1902 as successor to the
Muscatine Eleo. Ry. Owns all the street railway, gas and electric
properties in the city. In Mar.,'04, granted new franchise for 25 years.
STOCK
&
BONDS—
Date.
Stock, $600,000
Interest.
Int.
Maturity.
$600,000
400,000
Apr. 1, 1917
at Cleveland Trust Co., Cleveland,
1902
1st mort., $400,000, gold.
c*<fer
($500)
Outstand'g.
5g.
A-O
Trustee, or at Nat. Bk. of Commerce, N. Y.
Bonds.— Are subject to call at 110 and interest on any interest date.
A sinkinsr fund, commencing In 1907. consists of a siim sufficient to
retire $15,000 bonds yearly at 105 and interest.
Annual Report— For calendar year 1903, gross, $105,384; net, $35,
856. In 1902, gross, $89,865; net $29,954.
ROAD— Operates 8 miles of tracK. Standard gauge.
OFFICERS— President, William Musser, Iowa Cltv; Vice-President, J.
R. Swearengen, Muscatine, la.; Sec. and Treas., H. W. Huttig, Muscatine, Ia.-V. 74, p. 1354.
MUSKEGON, MICH.
MUSKEGON TRACTION & LIGHTING COOrganization -Incorporated in Michigan on March 1, 1901. and Is
a consolidation of the street railway, electric light and gas companies
of the city. Has ten-year contract from 1901 for city street light.
STOCK
&
BONDS—
Date.
Stock, $600,000 ($100)
Preferred, $100,000
mort^aee $600
U00
* bU0 000
soldTl
OOof'
goia
($1 ,uou)
First
'
'
)
[
^ Wilkesbarre, Pa. . Trustee.
called after ten years at 105.
Oper. exp.,
REPORT— 12 mot. end. Feb. 29, 1904.
Gross.
inc ins.
Street railway
$82,100
$50,831
Electric light
38,461
15,689
Bonds -May be
Gas
Lake Michigan Park
45,7«4
7,774
27,855
9,964
Net.
$31,269
22,772
17,90.*
def.2,190
Total.
.$174,099 $104,339 *$69,760
*Out of which $11,670 was paid for taxes.
Road-- Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of track
between points indicated in the title.
OFFICERS.— Pres., F. A. Nims, Muskegon; Vice-Pres.. Liddon Flick.
Wilkesbarre, Pa.; Sec. Theo. S. Barber, Wilkesbarre; Treas.. David D.
Erwin, Muskegon; Manager, S. A. Freshney, Muskegon.- V. 76, p. 543.
NASHVILLE, TENN.
NASHVILLE
RY- &
LIGHT CO--A trolley system
Organization— Incorporated in Tennessee. Is a reorganization on
Jnne 26, 1903, of the Nashville Railway Co., sold under forclosure of
the latter's 1st consol. mortgage. The Nashville Ry. was a consolidation in 1900 of the Nashville Street Railway, the Nashville & Suburban and the Citizens' Rapid Transit. All the stock of the Cumberland
Electric Light & Power was owned and in July. 1903, this Company
was merged. Also controls the Union Light & Power Co. Includes
all
the street railways in Nashville.
Date.
STOCK & BONDS—
Common, $4,000,000
Pret,
Franchises perpetual.
Interest.
Outstand'g.
Maturity.
$3 500,000
5%
cum., $2,500,000
1,995,500
Citizens' Rapid Transit 1st ) 1890
6g. J-J
60,000 Julyl, 1910
M., $100,000, gold.
Int.
at
Trust
Co.
of
Nor. Am., Philadelphia.
I
McG.&Mt.V.Sum'rSt.lstM.
Do 2d series
1886
1887
6J-J
6J-J
6 J-J
$65,000
485,000
1926
1937
Nashville & Edgefield—
Consol. mort., $400,000. .
1889
274,000 Jan.1,1920
Union L. & P. Co., 1st M., ) 1894 6 g. M-S
57,000 Sept. 1 ,1924
s.f., $100.000.g. ($1,000)0* ] Amer. Loan & Trust Co., Boston, Trustee.
Nashville St. Ry. consol. M.
1895 5g. J-J
975,000 Jan.1,1926
$2,000,000, gold $1,000..
Nash. Ry.
L't consol. M.,( 1903 5 g. J-J
2,629,000 Julyl,1953
$6,000,000, gold ($1,000), 1 Int. at Guaranty Tr. Co., N. Y., Trustee,
sinking fund
c*(
and at New Orleans.
Elec.LightCompanies' bonds.
$455,000
&
rail
Op FlCE°S— President,
urer, C. A. Wolle;
G.
A
Schneebeli; Secretary, R. B. Keyej Treas-
Manager, Geo. H. Wolle.
NEGAUNEE, MICH.
& ISHPEMING STREET RAILNEGAUNEE
WAY & ELECTRIC-
In Angust, 1903, entire stock of this company changed hands and
officers elected as below. It is intended to reorganize the company and make extensive improvements.
Organization—Consolidation of the Negaunee & Ishpeming Street
Railroad Co., the Negaunee Electrio Light Co. and the Ishpeming Electrio & Gas Co. Capital stock authorized, $150,000, of which $8,000 In
treasury; no bonded debt. Dividends. 4 per cent. Owns 4*2 miles of
track and an electric-lighting plant; also gas plants In Negaunee and
Ishpeming.
Officers— Pres T. A. Rockwell, Chicago; Vice-Pres., F. Braastad
Ishpeming; Sec. & Treas.. A. B. Miner, Ishpeming.—V. 77, p. 350.
new
,
Outstand'g,
Maturity
$600,000 ..
....
6
66,000
Feb., 1913
1901 5 8- M_s
600,000 Mar. 1, 1931
Interest at Wyoming Valley Trust Co.,
Interest.
&
NETHERLANDS
(HOLLAND).
NETHERLANDS
TRAMWAYS
CORPORATION.— Electric and horse. (See Map on page 1558.)
Organization— Incorporated in Connecticut on December 11, 1902.
Controls, through the ownership of a majority of its capital stock
(600,000 guilders), the Eerste Nederlandsche Electrische Tram Maatschappy (First Netherlaad Tram Company), whioh owns all of the
street railways in the city of Haarlem, Holland, with the exception
of 2 miles of horse railroad, and a lino 10 Zandvoort, on the North Sea,
the second largest Dutch seaside resort.
The Netherlands Tramways Corporation also owns the entire capital
stock of the Electrische Spborweg Maatschappy, which has recently
completed and is now operating under concessions from the Government of the Netherlands a double-track electric railroad from the center of Amsterdam to Haarlem, a distance of about 12 miles. The bond
issue of this company, 3,000,000 guilders, 4% ($1,200,000), was all
placed and is owned in Holland. Its stock was subscribed for at par
by the Netherlands Tramways Corporation, the present owner of the
ctock, and the cost of the real estate, franchises and construction of
double-track road from Haarlem to Amsterdam has been defrayed
partly by the sale of the company's bonds above mentioned and partly
by sale of its stock to the Netherlands Tramways Corporation.
Date. Interest. Outstanding.
Maturity
STOCK
BONDS—
Common, $2,000,000 ($100)
$2,000,000
Prof, 5 p c, oum., $1,500,, k
00 000
-l.duv.uuu
000 ($100)
.$
Elec. 8poor. Maatschappy >
,
nnft
W
Jan. 1, 1953
mtge.. 3,000,000 gull. [ 1903
4 J-J ) guuaers
'
($1,200,000), 1,000 gull. )
Bonds— Bonds are subject to call after December, 1905, at par.
The Eerst Ned. Tram El. Maatschappy has an issue of 695,000 guilders
($278,000) bonds outstanding.
Road— Owns 68 miles in City of Haarlem; 1-8 miles. Haarlem to
Bloemendaal and 6*6 miles double track, or 13 2 miles single track
&
m^
*i^""
-
irom Haarlem to Zandvoort, 12 miles double track from Haarlem to
Amsterdam; total, 458 miles.
Officers— Pres., Henry J. Pierce, Buffalo; Vice Pres., G. L Boissevain, New York; Secretary, W. Paxton Little, New York; Treasurer,
Edwin Henderson, New York; Fiscal Agents, Kean, Van Cortlandt &
Co.,
New York.— V.
76, p. 331.
NEW
ALBANY,
UNITED GAS & ELECTRIC
IND.
COOrganization— Incorporated in Indiana in 1902 and acquired the
New Albany Street Ry.. New Albany Gaslight & Coke Co., New AlIndiana Water
bany Light, Heat & Power Co., New Albany Water
'"'o.,
Co., Jeftersonville Electrio Light, Heating, Gas & Coke Co. and JefferAlsonville Light
Water Co.; also controls the Jeffersonville
&
New
1558
STREET RAILWAYS.
[Vol. lxxix.
—
)
1
STREET RAILWAYS.
Oct., 1904. J
bany & Sellersburg Electric Ry. Franchises 45 years in New Albany
and 50 years in Jefferaonvllle from 1902. Guarantees the $250,000
1st mtsre bonds of New Albany 8t. Ry. Oo.
New Bond:— Stockholders in Oct., 1904, authorized a new mortgage
for $1,500,000, of which $750,000 will be reserved for the 1st 5s in
table below and $750,000 used for extensions and improvements.
Interest. Outstanding.
Maturity.
Date.
Stock & Bonds—
$1,000,000
Stock, $1,000,000, $100
0,000
See text.
J-J.
1902 5 g.
75
,
1st morl gage, $750,000, >
interest at American Trust & Savings B'k,
($i,ooo)
o
gold
Trustee, and at Eliot Nat. B'k, Boston.
^chi
Bonds— Mature serially from 1907 to 1942, but may be called after
July 1, 1912, at 105 and interest.
OFFICERS— President, Samuel Insull, Chicago; Vice-Pres. and Treas.,
R. W. Waite; Sec, J. D. English; Supt., J. W. Dunbar. V. 74, p. 1246;
^^^^nnnnC
,.
. (
V. 75, p. 347, 1401; V. 77, p. 351, 2340.
(1)
LOUISVILLE
&
;
&
6% cum., $1,000,000
100,000
357,000 Sept. 15, '23
^^JJiroe «i nnn nnn C 1903 5 g. M 815
°%%&
°°1< Int. at Amer. Trust & Sav. Bank. Chicago,
*S
i'&
?J$6S
gold ($500 & $1,000). o*£
andu g Trust Co., Louisville, Trustees.
5 F-A
250,000
New Alb.St.Ry., $250,000.)
1927
"
.
guar. p. &
i
S
Int. at
Danbury & Bethel Ry.
Date.
Interest.
Bonds—
the stock of the
STOCK
&
Stock. $10,000,000
Debentures, $1,500,000
N
United States Trust Co., Louisville
Bonds.— No sinking fund, but bonds are subject to call after 10 years
at 105 and Interest. The remaining $t>43,00' of 1st mort. bonds can
only be issued for 75 p. o. of cost of further extensions and betterments. The New Albany St. Ry. bonds are subject to call on any
interest date at 105 a* d are guaranteed by United Gas & Elect.
Road-— Operates 23 miles of track, including 10^ miles leased from
New Albany St. Ry., and also line between New Albany and Jeffersonville. An extension to Louisville is under construction; also connec>
tions with other interurban lines connecting Cincinnati, Indianapolis
and Columbus. Has contract with "Big Four" RR. for use of its bridge
over Ohio River and with Louisville Ry. Co., allowing its cars to enter
Louisville. Will erect an interurban terminal on Market St., Louisville. Girder rails, 90 lbs., T rails 75 and 77 1a-lb8.
Officers-— President, Samuel Insull, Chicago; Vice-Pres. and Treas.,
W. Waite; Secretary, J. O. English.—V. 78, p. 2012.
R.
golisiSby F.H.&Sfe \
NEW BEDFORD, MASS.
DARTMOUTH & WESTPORT STREET RY.-
Tripp; Treas., E.
Wilde, New Bedford; Sec, Robt.
8.
NEW BEDFORD
a.
Organization- Incorporated in Massachusetts in 1901. This company is owned in the same interest as the Union Ry. Co.
STOCK
&
BONDS
Date.
Interest.
Stock, $500,000, $100
Outstand'g.
Maturity.
$500,000
mortgage «B500 00"
1902
(
'
-
Organization—incorporated March 18, 1887.
Date.
Interest. Outstand'g. Last div., etc.
STOCK & Bonds—
Q-F $900,000 Aug., '04,2%
5gJ-J
400,000 Jan. 2, 1914
Old
Colony
TrustCo., Boston, trustee.
I
Notes payable on Sept. 30, 1903
$74,838
Dividends—In 1896-97, 10 per oent; in 1897-98, 6 p. c; 1898-99 to
'02-03, inclusive, 8 p. o
;
<
1894
Int. at
in 'Ob 04, Feb., 2 p.
c; May, 2
p.
c; Aug., 2p.
c
ROAD— Owns
30-46 miles of track.
Earnings— For years ending Sept. 30.
1903.
1902.
1903.
1902.
Gross earns... $367,949 $329,163 Dividends paid.. $48,000 $48,000
Net
107,496
125,768 Bal.,Bur.,foryear 4,259
22,380
Int.,taxe8,etc
55,237
55,388
OFFICERS— Pres., H. H. Crapo; Vice-Pres., Thos. B. Tripp; Sec,
C. A. Cook; Treas., E. S. Wilde; Supt., E. E. Potter, all of New Bedford.— V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
$1,000 not sub), to call...
Winchester Ave., 1st mort.,
NEW HAVEN, CONN.
CO--A
N
o*
Int. at
Am.
1892
5
g.
1
,
,
>
S
150,000 Dec. 1, 1919
g. J-D
($1,000), gold
s Int. at Internat'l Tr. Co., Boston, Trustee.
5 A-O
Meriden Horse RR. 1st M., > 1891
85,000 Oct. 1, 1911
$100,000 ($1,000)
S Interest at Girard Trust Co. of Philadel'a.
5 «* J_J
$ 4 15,000 Jan. 1, 1924
Meriden Horse RR molt
mort -0 1894
Interest at Girard Trust Co., Philadelphia
2r.no
„ai
nnn
^dou.uuu
goia,
( State Treasurer of Connecticut. Trustee.
140,000 Oct. 1, 1923
New London Street Ry. 1st ) 1893 5 g. A-O
5 Int. at Am. Loan & Tr. Co., Boston.
M., $150,000, gold
350,000 Oct. 1, 1923
Norwich Street Ry. 1st M., ) 1893 5 g. A-O
$350,000 gold, $1,000.. .. \ Int. at Am. Loan & Trust Co.. Boston.
250,000 May 1. 1920
Montville Street Rv. 1st M., ( 1900 5 g. M-N
$350,000 ($1,000) gold^ Interest at American Loan & Trust Co.,
(cannot be called)
c* ( Boston.
.g. nn A (Dec 1, '14.
Middintown Horse RR., 1st > S4
QQ . J 5 J-D)
180,000}
gold ($500).
.
wlg>
Bonds— The Winchester Ave. bonds are joint obligations of the WinRR.
Co.
and
the
New
Haven
West
Haven
and
oover
all
&
chester Ave.
property owned or to be hereafter acquired under the charters. Of
the Worcester & Connecticut Eastern bonds, $1,050,000 are reserved
for extensions and improvements at 75 per cent of cost. A linking
jund on these bonds commences in 1908, when *10 per bond is payable
yearly. Bonds can not be called, but may be bought on 3% p. c basis
or better, and kept alive for sinking fund. The Worcester & Webster
bonds cannot be called before maturity, but $3,000 per annum is payable to a sinking fund. Of the Montville St. Ry. 1st mtge. gold bolds,
the balance unibsued can only be issued for 66 per oent of actual
o*
<t
i
r N5M-N(
,
improvements or additions to property. Original
mortgage of the Montville St. Ry.1 provided that bonds might be called
in 1905 at 105, but through a supplemental mortgage this redemption
clause was eliminated, so bonds are not now subject to call.
EARNINGS—Of the constituent companies before consolidation :
"Fair Haven
Wore. &
Me-idsn
Wore. &]. Wore & Black,
certified oost of
&
West.
Conn. East.
»<>, '03.June
June j*
Gross earnings.. ..1,074,957
Oper. expenses... 642,962
Net earnings....
Fixed charges....
Dividends
431,995
222,264
205,466
Surplus
Bite.
Southbriage. Val.St.Fy.
3". '03,June 8", '08 Sept. HO, '03. Sept. 30, 'Oa.
^
j-
123,200
94,031
150,167
91,589
29,169
38,155
55,578
39,976
^
102,387
53,102
26,200
10,398
15,802
Norwich
4,265 def.8,986
15,602
14,362
New Lon.
Afldd'et'n
Montvtllt
ST.
Tear ending—
June
Rv-
-
ho, '04.
$
77.281
50,021
Gross earnings
Operating expenses
1.
June
Rv.
<0,*04.
^
67,910
41,710
49,285
19,923
15,000
St.
Rv.
June
30, '04.
$
$
48,783
39,-88
102,869
53,599
Net earnings
Fixed charges
Dividends
27,260
11,<H0
10,000
9,195
11,268
49,270
18,542
15,000
St. Hy.
80,'04
June
$
129,282
77,414
51,868
23.
M5
17,500
Surplus
5,350 de2,073
15,728
10,853
Include figures of the Winchester Avenue St. Ry.
Road -Operates all lines in New Haven and suburbs, 115-84 miles;
all roads in Meriden, Including line to Wallingford. 21*70 miles, and
also the city lines in New London, 8-07 miles: a Hue be ween Norwich and New London, I06e> miles; city lines in Norwich, 17*65 miles;
line from Worcester to Whitinsvllle, 16*36 miles; city lines in Middletown and Portland, 12 miles: line from Worcester, Mass., to Southbridge,
Mass., 20 miles; and a line from Worcester, Mass., to Danielson, Conn,
with branches, 52*91 miles. Total track operated about 275 miles.
Offices— President, C. S. Mellen; 1st Vice Pres E. H. McHenry;
2d Vice-Pres., H. M. Koohersperger; Secretary, J. G. Parker; Treasurer,
A. S. May.-V.78, p. 1961,^011,2384; V. 79, p. 268, 627, 1331, 1461 j
,
WEST SHORE RAILWAY—A trolley road.
Organization— From Dec, 1895, road was leased for 99 years t»
Winchester Avenue RR.; dividends of 5 per oent guaranteed.
STOCK & BONDS— Miles. Date. Interest. Outstanding. Maturity.
Stook, $200,000 ($25)
5
$80,000 f. p. 5% div. guar.
July 1, 1914
30,000
1st M., $30,000, gold, ) 3*9 1894 5 J-J
call
subjeot to
s Interest at Merchants' Nat. Bank, New Haven.
"
"
Due Lessee for Betterments June 30, 1903, $93,673.
NEW ORLEANS, &LA.GRETNAALGIERSwithGOULDSBORO
animal power.
$25,000; bonds
Road— 3-75 miles
$25,000. Prest., Treas.
& Supt., A. M.
Capital stock,
Halliday; Gen. Mgr., A.Roupuch.
NEW ORLEANS RAILWAYS CO.-Railway and
lighting system.
Organization— incorporated under New Jersey laws on Jan. 28,
1902, with $5,000,000 capital stook, and on April 1, 1902, took over
under lease (V. 73, p. 1356,) the New Orleans City RR. Co. In May,
1902, capital stock was increased to $40,000,000 and a new mortgage
for $40,000,000 created to provide for the acquisition and consolidaCarrollton RR.
tion of the New Orleans City RR., New Orleans
Lteht & Power Co., Orleans RR.,St. Charles Street RR., New Orleans
Gas Light Co., New Orleans Lighting Co., Edison Electric Co. and
Merohants' Eleotrio Co.. comprising all the street railway and lighting interests of New Orleans.
For terms of exohange see V. 74,
p. 988, 1089, 1139. The St. Charles Street RR. was acquired on terms
clven in V. 75, p. 290. Has also acquired the rights and franchises of
the N. O. & Pontchartrain Ry. V. 75, p. 290. In March, 1904, Attorney-General Guion brought suit to prevent the company from taking
leases of the constituent companies. See V. 78, p. 1275.
The New Orleans Railways Co. owns 95 p. c of the $7,490,500 common and preferred stock of the New Orleans City RR., the entire
$234,700 stock of the Orleans RR., the entire stook of the New Orleans
Pontchartrain RR., 99 p.c. of the $7,100,000 preferred and common
Power Co.,
stock of the New Orleans
Carrollton RR. Light
98 p.c of the $953,300 stook of the St. Charles Street RR., the entire
$2,000,000 stock and $1,883,000 of the $2,000,000 outstanding 5 p. c.
bonds of the New Orleans Lighting Co., 39 p. o. of tL j $3,750,000 stook
of the New Orleans Gas Light Co., also has an option until March 1,
1925, on 54 p. c additional. See V. 76, p. 1144.
&
trolley road.
&
Is controlled by the New York New Haven
Hartford RR., which
Fair Haven Westville RR. stockholders received
all the stook.
$50 in 50-year 3 >* p c. debentures of the N.Y
H.
RR. for each
share of stock held, par being $25. See V. 78, p. 9»9. $9,666,700 of
New Haven debentures were issued In this wav to acquire the #4,-
&
)
Wor.&Web.lstM.,$150,000)1899 5
I
owns
L. & Tr. Co., Boston, Trustee.
M-N
500,000 Nov.
1912
Int. at Boston Safe Dep. & Tr. Co. Boston.
1902 4"-*g.JJ 1,992,000 Jan. 1, 1943
Int'st at NT Y. Security & Tr. Co., Trustee.
S
o*ifer s
$3,100,000 ($1,000)
|
CONSOLIDATED RAILWAY
<
) 1893 5 g. M-S
600,000
Sept. 1, 1914
Jlnt. at Am. L. & Tr. Co., Boston, Trustee.
$500 and $1,000
J-D
250,000 June 1, 1914
1st purch'e M.$250,000 g.c ) 1894 5
(h)
UNION STREET RAILWAY -A trolley road.
8took,$9(>0,000(par$100)
Cons. M. for $500,000, g..
s. f., c*, not subj. to call
'
*
5 S- J-J
280.000 Jan. 1, 1922
«* \ Int a* International Tr. Co., Boston, Trustee.
J«m 7<£i
i»nm
goia
cn.uuo)
of No 8mking f und and not 8UDj eot t0 ca u.
Floating debt Sept. 30, 1903..
$71,500
Road- Owns 21-85 miles of track on 16 miles of road between Fairhaven and Onset.
EARNINGS— For year ending Sept. 30, 1903, gross, $91,721; net,
$32,817; interest and taxes, $24,631; surplus, $8,186.
OFFICFRS-Pres., H. H. Crapo: Vice-Pres., Thos. B. Tripp; Sec, Clarence A. Cook; Treas., Elton S. Wilde; Man. E. E. Potter.— V. 74, p. 327.
1 st
M"S
Goff, Fall River.
& ONSET STREET RY-A
trolley road.
Maturity.
1st mort., gold ($600,000)..
road.
Organization. Etc.— Stock, $150,000; 1st mort., $150,000, dated
1895, gold, c* ($1,000 each), 5s A-O, issued $90,000, due April 1, 1915.
trustee, International Trust Co.. Boston, where interest is payable.
Dividends— 8 p.c. for several years.
ROAD —Connects cities of Fall River and New Bedford. Owns 9*84
miles of track and operates in all 19-97 miles of main track.
Earnings— Fiscal year ending Sept. 30, 1903, gross, $145, 6P6; net,
$35,966; int. and taxes, $14,880; dividends, $12,000; surplus, $9,086.
OFFICERS— Pres., H. H. Crapo of New Bedford; Vice-Pres., Thos. B.
Outstand'g.
$10,000,000
1954
1,500,000
283 000
**** X 1933
4%
1904
1893 5 «
New Haven Street Ry.—
Tear ending—
An electric
...
Wor.& Conn. 1st M., sf.,g,
& SOUTHERN INDIANA TRACTION OO.
in Indiana in 1903, and is successor
to the So. Indiana Interurban Ry. Co. Leases the New Albany Street
Ry Co. for 25 years from Aug. 1, 1903, (with privilege of renewal for
25 years) at a, yearly rental of $500, the interest charges and taxes and
dividends of 4 p. c. on pref. stook. V. 77, p. 769. In Sapr., 1904, acquired the Highland RR. for $10,000 in bonds; V. 78, p. 2012. Is
controlled by the United Gas & Electric Co., which see above. The
Trowbridge
Nlver Co., Chicago, is interested. Franchises owned are
for 50 years also permitted to carry freight.
Outitand'g.
^Interest.
Date.
Maturity.
Bonds—
Stock
Common, *2.0i 0,000 ($10)
$2,000,000
lot
lB
below were Issued for the acquisition of these roads and to fund the
floating debt of the Fair Haven & Westville RR. In Sept., 1904. purchased the Worcester & Blackstone St. Ry. See V. 79, p. 1332. In
Oct., 1904, also purchased the M'ddletoirn St.Ry. and has an option on
gold
Organization— Incorporated
Pref.
1559
&H
83 *,350 outstanding stock of the Fair Haven <fe Westville RR.. which,
•with other roads, was then consolidated under the name of the Consol dated Ry. Co., as below.
Organization— Is a consolidation in 1904 of the Meriden Electric
Ry., the Fair Haven & Westville RR. (which had previously absorbed
the Winchester Avenue Ry.), the Consolidated Ry. Co. (which latter
company was formerly known as the Worcester & Connecticut Eastern RR.. and name changed in May, 1904,) and the Worcester & Southbridge Street Ry., the property of the latter company having been
purchased at private sale. 8ee V. 78, p. 2011, 2013.
In July, 1904,
acquired the New London St. Ry., the Norwich St. Ry., and the Montville St. Ry. See V. 79, p. 268. The debentures given in the table
&
&
&
STREET RAILWAYS.
1560
Citv proposed to build a municipal lighting plant, but bids were rejected in Nov., 1903; contract for 10 years from Sept. 30, 1905, later
farrollton RR. Light & Power Co., one
awarded to the New Orleans
of the constituent companies of the New Orleans Railways Co.
Provision was made for sufficient securities to take up all the stock
of the constituent companies and all their bonds whloh can now be retired. Such of the bonds of the constituent companies as cannot be
retired at present appear in the table below.
Maturity.
Date.
Interest. Oulstand'g.
Bonds—
STOCK
Com., $30,000,000 ($100)
$27,588,900
Pf.4%.,$10,000,000($100)
cum. from J'ly 1, 1902
8,792,400
J.-J.
N. O. Rys.Co. mort.,$40,-)1902 4^ g. J.-J. 17.809,000 July. 1,1952
000,000 gold. s. i. ($100, [ Int. at N. Y. Sec & Trust, N, Y., Trustee;
o*&r ) also at 4 New Orleans banks.
$500,$1,000)
898
4" 5
3,200,000 July 1, 1943
N O Citvtren mortsrAsre
g 1 Int. at 4 p. o.&•for 5 y'rs and 5 p o. thereafter,
g01(x- »
' /ou
'
payable at Louisiana Nat. Bank, New Or.
(
1893
5gJ-J 2,837,500 Jan. 1, 1943
ffmll „lM „ r*^ c. T ",,
Sub. to calf lor s.f. on & aft.July 1,'98 at 110
i7t°M fnr
'
«- Columbia Finance & Tr. Co.,Louisv. .Trustee.
1%\a *t)UO
4wn <so
jJX
gold,
c
j Int payaDle at New Orleans JSat. Bank.
105.000 June 1, 1917
N. O. Trac. Power. -house ) 1897 6gJ-J
Interest at Louisiana Nat. Bank.
1st M., g., s. f ($1,000) 5
July 1, 1943
1901 5 « J "J
200,000
N O Power-house mort \( Fidelity
Trust Co.. Louisville, Trustee,
*onn nnr!
goia, *^uu,uuu
^ Int at Louisiana Na t. Bank, New Orleans.
1906
95,000
N. O. & Car.lst mortgage. 1882 6 F - A
Tr. Co., N. O.
Int. at Hibernia Bank
&
&
M'^nW^
w wu
'
O
'
1
%nnnno
'
i
.
™i/
.
N. O.
A Car.
2d M.,
&
gold.... 1893
6
F-
A.
Int.at Hibernia
Do oonsol.
M., $2,000,000
C$500 and $1,000)
)
J
1899
5 J- J
350,000
Bank &
Tr. Co., N. O.
1.555,000
$iq°,«
£
{$$
Feb., 1933
Interest at office of oompany.
b
"N
1896
Ma ^ *< 1946
749 000
* New
M g °$800
a00 000 1 Interest6at
Orleans office.
£
($500 & $1 000)
Jan. 2, 1929
Edison Elec. of N.O.lstM. ) 1899
5 J- J
2,500,000
($l,000)8.f.,$2,500,000c* $ Amer. Loan & Trust, Boston, trustee.
July 1, 1929
Merch'ts Elec. Co. 1st M., ) 1899
5 g. J-J
300,000
$500,000, gold ($500) o* 5 Merchants' Loan* Trust Co., Chicago .Trus.
1913
1883
New Orleans Gas L. Co
5
J-J
$76,000
[$46,000 can be retired April, 1903, and $30,000 April, 1908.]
Orleans.
Bank,
New
Interest at the People's
1912
Orleans RR. mortgage, J 1895
300,000
6 J-J
c I Int. at Commercial Nat. Bank, New Orleans.
$300,000, gold
1912
100,000
6 J"J
0* 1897
Second mort.,goia....o
mort sold
second
j May De oaUed at par ftfter 10 yearfJ
Jan. 1. 1952
1902
4 g- J-J
375,000
^ifinffn^^orm*^ Int
at Pr <>vident B'k & Trust Co., New Orleans.
(
gold o
Sondt—Otthe New Orleans & Carrollton consol. bonds $445,000 are
reserved to retire a like amount of old 1st and 2d 6s. A sinking fund
of $30,000 per annum is provided for the redemption of N. O. City &
Lake RR. bonds. The Merchants* Electric Co. bonds are subject to
call at par at any time. A sinking fund of $10,000 per annum is provided for redemption of Orleans RR. bonds. The St. Charles St RR.
bonds are not subject to call, but a proportionate amount will be retired yearly by purchase in open market.
Of the $40,000,000 mort. of the New Orleans Railways Co. $12,846,000 were reserved for prior liens and $7,154,000 for future extensions
and improvements. The stock and bonds acquired with the issue of the
new bonds are to be deposited as seourity for same. A sinking fund of
J^ p. o. per annum of outstanding bonds commences July 1, 1909, and
runs for 20 years; thereafter, until maturity, 1 p. o. of outstanding
bonds. Said fund is to be used in purchasing the bonds at not exceeding 1 05 and interest.
Voting Trust -Stock is to be held for five years in a voting trust to
la
° ^nsot
M
>
'
.
control
management of
property.
ROAD— Companies
controUed operate about 188 miles of track.
Income Account of the New Orleans Railways Co. for the six mos.
ending June 30, 1903: Income from stocks and bonds owned, $424,229; interest, taxes,
etc.,
$414,003; surplus, $10,226.
LATEST Earnings (Oompaniet Controlled)— For 6 months ending
June 30, 1903:
Tear.
Gross.
Taxes.
Net.
Interest.
Surplus.
1903. ...$2,188,345
$993,513
$191,901
$313,065
$488,546
1902.... 2,109,676
314.637
511,624
981,012
154,701
< Of
the Railways Co.'s 4»a p. o. bonds (with interest running from
July 1, 1902), $12,303,000 were issued prior to Jan. 1, 1903.
OFFICERS— Prest., Elwin C. Foster; Chairman of the Board, R. M.
Walmsley; 1st Vice-Prest., J. W. Castles; 2d Vlce-Prest, Joseph B. D«
Grange; Treas., H. A. Ferrandou; Secy., Geo. Denegre.— V. 77, p. 627,
1874, 2159; V. 78, p. 1275; V. 79, p. 1023.
[Vol. lxxix.
Road.— Owns and operates 14 miles of track from New Philadelphia
and from New Philadelphia to Canal Dover.
OFFICERS-— President, P. L.Saltonstal1, Boston; Treasurer, Chauncey
Eldridge, Boston; Secretary, John C. Rice, Boston; General Manager,
Geo. W. Rounds, Canton.— V. 73, p. 1209. 1265; V. 74, p. 96.
to Uhrichsville, Ohio,
NEW YORK CITY,
N. Y.
MANHATTAN R Y-—See Investors' Supplement.
METROPOLITAN SECURITIES COMPANY.
Incorporated under the Business Corporation Law of New York on
February 14, 1902, with a capital of $30,000,000. It holds the entire
outstanding stock of the New York City Ry., which in turn leases
the Metropolitan 8treet Railway Co.
V. 74, p. 379. Also owns all
the stock of the People's Traction Co. and the New York Westchester
& Connecticut, and $3,3' 9,200 of the stock of the Third Avenue RR.,
$4,500,800 additional teing owned by the New York City Ry.
The powers of the company are very broad and allow
it
to
acquire the securities of corporations of New York
State or any other State, "including corporations which own,
operate or lease, or which are organized for the purpose of constructing, owning, operating or leasing street surface railroads,
elevated railroads, rapid transit railroads, underground railroads,
tunnels, bridges, tunnel railroads, railway terminals, or railroads of
any character or description in the City of New York or its suburbs,
or in territory adjacent thereto, and corporations engaged in furnishing or organized to furnish electricity for any lawful purpose, or
power in any form, for use upon, or which may be used upon, street
railroads or other railroads," etc. Also "to purohase, acquire, hold
and dispose of the stocks, bonds and other evidences of indebtedness'
of any corporation, domestio or foreign, and Issue in exchange therefor its stock, bonds or other obligations." The duration of the cororation is to be a thousand years. The directors need not be stookE olders unless the by-laws of the company ehall so require. On June
10. 1903, second payment of $25 per share was made, making total
paid in $50. On July 30, 1903, Thos. F. Ryan and associates purchased
the stockholdings of Kuhn, Loeb <fe Co. V. 77, p. 511. For call on
members of syndicate o deposit their certificates with the Morton
Trust Co., see^V. 79, p. 10< 3.
Last div.
Date. Rate. Outstanding.
STOCK AUTHORIZED—
Stock, $30,000,000 (par $100)
$50 paid In
Officers— President. H. H. Vreeland; Vice President, R. W. Meade;
Sec'y and Treas.. Edward W. Sayre.
Direc tors— William H. Baldwin
Jr., Edward J. Berwind, Charles A. Conant, Paul
Cravath,Jeh» D.
Crlmmlns, Thos. Dolan, Thos P. Fowler, Frank S. Gannon, George G.
Haven, James H. Hyde, Augustus D. Juilliard, R. W. Meade, P. A. B.
Widener, Thos. F. Ryan, H. H. Vreeland.— V. 76, p. 1301, 1407; V. 77,
p. 511, 824.-V. 79, p. 1023.
i
D
.
NEW YORK CITY RAILWAY.
This oompany was incorporated in New York on Nov. 25, 1901, as
the Interurbari Street Railway, with a capital of $500,000, but on Feb.
10,1904, assumed name as above. V. 78, p. 48; V. 77, p. 1874. Directors need not be stockholders. Arrangement for financing the needs
of the Metropolitan Street Ry., under whloh the amount of tne stock of
the Interurban was increased to $20,000,000, was made in Feb., 1902.
V. 74, p. 379. The Securities Co. owns all the stock and Is also to
acquire all future issues of stock or securities of the New York City Ry.
The Interurban Co. leased the Metropolitan Street Ry. for 999 years
from Feb. 14, 1902, for 7 per cent per annum on its stock. In a suit
brought by Isidor Wormser Jr., Justice Scott in the New York Supreme Court on June 22, 1903, declared the lease valid and dismissed
the charges of fraud.
Dividends or
Date. Rate. Outstanding,
maturity.
Stock and Bonds—
Stock, authori'd $20,000,000
'$8,459,200
par, $100
j*
1902 3 A-O
10-year notes, $15,000,000. .
660,000 April, 1912
* There was also due the Metropolitan Securities Co. on June 30,
1904, $4,540,800 stock under subscription and $5,016,000 of the 10.
year rotes.
Of the stooks and bonds of the various controlled companies, come
quite considerable amounts are owned by other companies In the
system. The following shows these holdings and by what oompanles
held:
SECURITY HOLDINGS OF NEW YORK CITY RY. AND ALLIED COMPANIES.
Total
In hands
isiued.
Stock June SO, 19C4.
of public.
Of whick held by—
*
S
(N. Y. CltyRy
15,695,800 Metronoll'n Sec. Co.
4.500.800
Third Avenue RR
S^fiOn 1
*l,lt9.0C»
21,000
D. D. H. Broad'y A Battery. 1.800,000 Third Avenue RR
*i.4ft*,800
30,200
4 3d St. Manh. ft St. Nlch.
2,500,000 Third Avenue RR..
X.OOO.i 00 Third Avenue RH„ *2.000.000
Union Ry.Co
*«00,000
30-\000 Third Avenue RR..
Tarryt. Mam. * White PI..
2r>0
1.700
Third Avenue RR.. »248,300
Southern Boulevard KB...
»i«»2.f00
1.' 00.000
Third Avenue KR..
7,500
Yorkers RR. C>
*500,f>00
5u0 000 Third Avenue RR..
Westchester Electric RR..
8,6»0 Third Avenue RR..
*o ,«0u
..
Kingsbrldae Ry.Co
Do stibacrtp'n for balance 991,40') Third Avenue BR.. »991.4»»
60".i
00 Metropolitan St. Ry.
97.200
fr 2,-on
Central Crosstnwn RR
(00.000 Metropolitan St.Rv.
60",0
Fulton Street RR
2HthA 9th 8tB. Crosstown. l.BOO.Oi*/ Metropolitan St. Ry. 1. 600.000
l.ouo.ooo Metropolitan St. Ry.
10.000
84th Street Crosetown..
t»»0,000
7I0 00O
B way A Seventh Ave. RR. 2,100.000 Metropolitan St Ry +1.400.00
Cent, Park N. A E. Klver.. 1.8c0.0o0 Metropolitan St. Ry. +VR>,O0f l/00,0"O
748,000 M et ropolttan St. Ry. +400,OOj
848,000
4v!d St. & Grand St. Ferry..
8.115.800
I
.
SOUTHERN ELECTRIC SECURITIES COA holding company.
Organization.— Incorporated In New Jersey in July, 1903. In ta
ble below we give the names of the companies controlled and the
amounts of stocks and bonds of each outstanding, together with the
amounts acquired and pledged under the collateral trust mortgage of
the Southern Eleatri* Securities Co.
Capital Stock
—1st Mort. Bondt.-^
Name of company—
Pledged.
Issued.
Issued.
Pledged.
Beaumont (Tex.) Tract. Co .¥600,000 $480,000 $500,000 $40,000
Southern Ught & Tract. Co
—
,
>
,
Natohez. Miss
34^,000 266,000
456,700
340,000
Jennings (La ) El L. & P. Co.
15,000
15,000
60,000
30,000
Vlckrburg Ry & Lt. Co
305.000
500.000
32,< 00
37>.U>0
The stocks pledged are all in shares of $100 each, exctpt the Jennings Co., which are $50.
>
22,162.400
Total held
.
Stock
&
Bonds—
Oulstand'g.
Maturity.
$1,000,000
Coll. tr. M..$ 1,600,000) 1904
650,000 April 1, 1934
5g. A-O
gold ($1,000)
o* S Int. at Knickerbocker Trust Co., N. Y., Trus.
Bonds.—The $650,000 outetanaing were issued in payment of the
securities given in table above, and remaining »950,0CO are reserved
for acquiring additional stock and bonds. A sinking fund of 2 p. c. of
outstanding b' nds commences on April 1, 1909. Bonds are subject to
call on anv Interest date at 105 and interest.
Vice Pres.,8. S. Bullis, Natchez;
Officers- President,
Sec ana lreas , Wallaoe B. Rogers.— V. 79, p. 104.
Date.
Interest.
8tock.$l^ 00,000, $100
;
NEW PHILADELPHIA,
OHIO.
road.
TUSCARAWAS
TRACTION-A
Organization— Incorporaud December, 1901, and Jan
1,
1902,
May
Interest.
Oulstand'g.
Maturity.
Stock and Bonds— Date.
Stock. $350,000 ($100).
$250,000 Jan ,1903,
1st M., g., $350,000
1901
5
None
Deo. 1, 1921
Tus. RR. 1st M.,$100,- J 1896
6 g. J-D
100.000
June 1, 1916
000, ($500), gold.... < Int. at Cleveland Tr Co., Cleve. O.. Trustee
1890
100,000
May 1, 1910
Tus. Elec. Co. 1st M., 5 1!
Trust Co., Cleveland, Trustee.
< Int. at Savings
Stock and Bonds—Of the $350,000 new 1st mortgage, $200,000 are
reserved to tabe up prior liens when they mature.
Earnings For calendar year 1903, gross, $53,363; net, $14,306;
Interest, $13,791; dividends, $1,870; defloit. $1,355.
DIVIDENDS.— In 1902, 2 p. c; in 1903, Jan., ^ p. o. None sinoe.
%%
.
5MN
&
Bin
lainied.
d».
Of which htld by-
•
Cent. P. N. A E. Rlv. RR. 4s. 1,2(0,000 Metropolitan St. Ry. al, 200,000
250,i 00 Metropolitan St. Ry.
150.' 00
xsd street Ry. 1st eg
160.000
336,000 Metropolitan St, Ry.
4*d St A Grand St F'y 6s.
( b74M.oOO»
42d St. Man. A St. N. 2d M. 1.6C0.000 Third Avenue RR.. \ '100.000 {
100,000
100,000 Third Avenue RR..
Do R. H. mortgage
600,000 MeiropolitanSt Ry.
+300,000
Metroool'n Crosst'n RR. 5s
2.000
New York City Ry..
Broadway Surface RR. bds.
2,490.0O»
cCentral Crosst'n con. 4s.. 2,500.000 Central t rosstown.
1500,000 Metropolitan St. Ry. l.t 00.00*
tBr'way A 7th Av. 1st
M
100,000
100,0(
©
186,000
757,000
SOO.COO
.
6,735,000
Total held
• All deposited under the Third Avenue RR. 1st consol. mtee. of 19CO.
t All ceposited under the Metropolitan St. Ry geoeral collateral trast mortgage of i"97 and he refunding mortgage of 19' 2.
H The* o bonds matured Dec. 1. 190 .and ware taken up with Metropolitan St.
Ry. rt-iunding 4s, but are held as an asset by the Metropolitan St. Ry.
bOf this am unt, $3-17,000 are deposited under the Third Avenue KR, 1st
consol. mortgage of 1*00.
i
c These bonds are all deposited as collateral for the Central Crosstown RR.
2-5 ear notes.
Road— The following shows the aggregate of tiack operated June
i
trolley
absorbed the Tuscarawas RR. and the Tuscarawas Electrio Co.
15, 1903, control acquired by Tucker, Anthony <fe Co. of Boston.
in hands
of public.
Total
•
30, 1904:
Miles of trock—
Manhattan Borough
Bronx and Westchester Co
Electric.
Horse.
212493
99-473
lfeO-564
Total.*
311966
180564
492-530
99-473
Total*
393 0'7
Includes mileage not operated and tracks in car barns, the latter
not having bee n heretofore reported.
Notk. -The company Is still using 4,036 horses In its operation of
the lines In Manhattan Borough.
*
—
—
)
STREET RAILWAYS.
Oct., 1904.J
1561
Maturity.
Date.
Interest. Outstanding.
Stock & Bonds—
Equipment—The Interurban Co., now New York City Ry., to which
$52.000,000 Oct. /J, 04,1 \
Stock ($100), $52,000,000
Q-J
is leased, reported Its equipment as follows June
15,134,000 Apr. 1, 2002
30,1903: Box ears, motors, 1,462; others, 430; open cars, motors, Refund mtge., gold.c&r, S 1902 4 g. A-O
$65,000,000($l,000,&o) \ Morton Tr. Co., N.Y., Trus. Int. atoin. of Co.
749; others, 176; combination cars, motors, 96; express oars, motors,
Ry.—
Metropolitan Street
20; freight motor cars, 3; service motor oars, 25; others, 9; snow12,500,000 Feb. 1, 1997
plows, motors, 6; others, 13; sweepers, motors, 54; others, 23. Grand Gen. coll. tr. M., $12,500,-) 1897 5g. F-A
000 g. ($1000, &o.).c*<fer s Int. at NatL Bank of Commerce, N. Y.
total, motors, 2,415; other than motors 651.
!890 5 A.-O.
600,000 Apr. 1,1920
n/r«4™™i Crosst.
r* naa + 1st
i D + M.
ivr 5
Report-— Following are the figures of earnings separately given for Metropol.
N Y., Trus.
J Int at N Y Security & Tr Co
all of the roads in the system for the fiscal years ending June 30. 1904
5g M-S
5,000,000 Sep.1,1993
Lex. Av.& P. Ferry 1st M., J 1893
and 1903. Further details and also balance sheet and other facts will
c*&r I Int. at Nat. Bk. of Commerce in N. T.
gold
be found in V. 79, p. 901.
5g. M-S
Columbus & 9th Avenue < 1893
3,000,000 Sep. 1, 1993
•
the "Metropolitan"
\
1
.'
.,
New York City
)
19<iS-04
Ry. (seex).. i 1903 03
Cent. Crosst'n ) 190804
BR. (see x).J 1902-01
28th and 29th ) 1903-04
Gross
earn ings.
$
15,13i,60t
14,915,370
X 109,849
485,SiOO
1903-04
1902-03
803-04
171.668
181,155
508.S17
493,750
32.179
38.08*
Xl,797,719
{1W8-08
2,19ci,319
42dSt. Man. &\ 1903-04
St.N. Av. Ry. S 190:2-03
Dry D. B. B. A ) 1903-04
Battery 11 R. SI 902-03
841 588
796,521
505.287
56o;894
70,462
3lth
St.
Cross {K03-04
town Ry
...5 1902-03
Fulton Street
RR
1
)
Third
A v. RR.M
(see x)
Klngsbrtdge?
190:W)4
1902-03
> 1903-04
New York... (1902-03
Tarryt'n W.P. ) 1908-01
Railway
Union Ry. of
& Mam.
Ry. S
South. Boule- 1 1908-04
vard RR.. 5 1932-03
Yonkers Rati- > 1903-04
1902-0.3
.
Westches t e r ) 1903-04
Elec RR... ) 1902-03
Total sys-H903-04
tern
51,441
J
J1H02-03
1,293,495
1.135,05i
91,599
72,746
.Vet
earnings.
Other
income.
«
7,1P9,0I3
7,v 08,942
481,362
297,9H4
4.6B2
X139.237
176,131
5,132
POO
68.098
500
85,452
281,059
2,426
195.943
1,860
350
200
292
net 7,770
def.
x8 17,618
618,340
762,339
97,674
252,068
320,788
37,001
6,846
102,113
125,295
6,098
22.86S
16,982
11.425
801,414
814,729
4,628
458
861
187
def. 3,598
1,028,726
8,601
61,507
66,718
12.137
43,253
307,972
16,419
260,062
258,763 def. 2 1,816
288,228 def.43,2*6
159
661
9,857,150
10,160,436
408,998
673,410
21,485.006
Hl,549,545
186
Balance'
or def%
All
char
'fs.
$
8.933,278
8,453,645
107.581
113,844
8S.397
87,650
stir,
def 1,282,8 ?3
Hill'.
248,709
86,318
sur.
67,426
def.
def.
def.
29,401
1,698
69.94B
69.822
21,361
21,668
1,444,210
1,746,538
897,199
422,146
151,343
138.516
89,063
1,721
257,639
294,949
29.426
17,3»»
18.280
18,382
91,869
64,052
sur. 216.638
sur. 127,471
8\002
106,818
80,323
37,222
def.
def.
sur.
sur.
def.
def.
def.
def.
def.
sur.
sur.
sur.
def.
dsf.
def.
def.
def.
def.
def.
def.
21,303
13,698
16.748
44,526
47,567
b4,357
4>,384
7,122
66,185
15,261
6fl,21<l
24,808
28,107
20,760
9,779
6,245
48,467
46,972
11,162,919 def.yl,396.771
11,005,984 def. 272,133
x On April 1, 1904, the earnings of the Crosstown RR. and In April, too, the
earnings of the Third Ave RR. were merged with those of the New York City
Ry. Co. (Metropolitan St. Ry. lines) and ceased to be reported separately.
y Includes $3rt,13S accrued to Metropolitan Securities Co. for dividend upon
its holding of Third Ave. RR. stock. (See below.)
Note.— For the purpose of presenting the income account of the New Yoik
City Railway System as a whole, the following changes have been made by the
company in the "total " column, as compared with the aggregate of the cross
footings. These changes represent transactions between the different com
panies in the system. There have been eliminated (1) from "operating expenses
—transportation" and frnm "income from other sources -rent of equipment"
118,059; (2) from 'operating expenses— general" and from "income trom other
sources -rent of tracks and terminals" $iss,ufe0; (3) from "income from other
sources -miscellaneous interest" $621,654, and from "deductions from income
—miscellaneous interest" $616,651. and "Interest on real estate mortgages"
$5,000; (4) from "income from other sources— interest and dividends on securities owned" and from the profit and loss, "debits— dividends" $37,710.
The Item of " all charges" for the New York City Ry., and al*o the
total system, includes the 7 p. o. dividend (*3, 639,792) on the stock of
the Metropolitan Street Ry.. and after April 1, 1904, ft p o. per annum
on the stock of the Third Avenue RR. The "charges" do not include
the franchise tax in litigation.
Passengers carried year
ending June 30. I9i<4.
Fare.
Total.
Transfer.
Manhattan Borough
Bronx & Westchester Co
Total
389.608,537
42,866,633
168,267,818
29,327,862
557,876,355
72,194,495
432,475,170
197,595,680
630,070,850
Officers— President, H. H. Vreeland; VicePrests., F. S. Gannon
and D. B. Hasbrouck; Secretary and Treas'r, C. E. Warren; Auditor
D. C. Moorehead; Purch. Agent, A. C. Tully; Gen. Manager, Oren Root
Jr .— V. 78, p. 48, 288, 584, 769; V. 79, p. 901, 968, 1264.
METROPOLITAN STREET RAILWAY-
Undereround trolley and horse.
Lease and New Financial Arrangements.—In Feb., 1902, arrangements were can led out for meeting the company's financial needs, and
on Feb. 14, 1902, a lease was made of the Metropolitan Street Ry. for
7 per cent on its stock to the Interurban Street Ry. (now the
New York City Street Ry.) for 999 years. V. 74, p. 379. Metropolitan
St. Ry. stockholders were given the right to subscribe for $23,400,000
stock of the new Metropolitan Securities Co. As part of the general
plan, the Metropolitan St. Ry. created a new mortgage for $65,000,000,
$11,000,000 being for immediate issue and going to the Interurban St.
By., the rest being reserved to retire prior liens.
on June 22, 1903, in a suit brought by Isidore Wormser Jr., the
validity of the lease was sustained.
Organization— Organized on Nov. 12, 1895. and by consolidation,
lease and otherwise has acquired control of practically all the street
railways of Manhattan Island except the Manhattan Elevated.
The Elm Street Connecting Railway Co. was incorporated in May,
1900, in the interest of the Metropolitan Street Ry. to build a line on
Elm St. from Centre St. to Great Jones St. and through Lafayette
Place, a distance of 6,000 feet, as a short route for the 4th Avenue line.
No franchise, however, has yet been granted.
In July, 1901, the New York Transportation 'Co , having'purchased
the Metropolitan Express Co., inaugurated an express service on the
Eighth Ave. line. V. 73, p. 35.
On Sept. 1, 1904, the Union Ry. Co. established express trolley passerger service between tue Bronx Park Station of the Manhattan
Eley. Ry. and New Rochelle and Mount Vernon. V. 79, p. 903.
Franchises. —All franchises are perpetual, excepting the Kingsbridge
franchise, covering 3H miles. For decision in New York Supreme
Court adverse to the validity of the franchise under which the Lexington Ave. extension of the Houston West Street & Pavonia Ferry
RR., and also the line across 116th Street, was built, see V. 72, p. 45.)
Franchise Tax Legal— For decision of Court of Appeals in the case of
the Metropolitan St. Ry., affirming tne validity of the franchise tax
law, see V. 76, p. 972. For reduction in assessments in legal proceedings, see V. 76, p. 331. For decision as to car taxes, see V. 75,
p.
1399.
Transfers— For decisions as to transfers, see V. 78, p. 288 and 584
and V. 79, p. 269.
Charges concerning unearned dividends Accountants' findings
showing no warrant for W. N. Amory's charges that unearned dividends had been paid will be found in V. 76, p. 978 and 1030.
Subway Proposals.— In Dec, 1903, representatives of the MetropoliSt. Ry. threw out suggestions that the company might under certain conditions become bidders for any new n< rth and south underground road in Manhattan whioh the Rapid Transit Commission
might decide to build; see V. 77, p. 2339. In April, 1904, the Commission's Committee on Plan and Scope made public its report on the
most desirable routes. Some of the suggestions of the Metropolitan
Street Ry. were favored. See V. 78, p. 821 1550.
tan
,
,
1st mort., gold
e
c&r.
(
S
^3^ 0%0 !.f!":?^!
B'way
M
do
Mort. on car stable prop-
Mutual
Life
Co., N. Y. City, Trustee.
350,000 Apr. 1, 1919
1,500,000 July 1,1924
1,000,000 July 1,1905
950,000
(Extended.
5 J-J
RR-Vs't M.7."
2d
do
Sur.
erties to
Guaranty Trust
i889 5A"°
\
5 J-J
)
1899
j
—
.
Lessor Companies
Broadway & 7th Ave. lstcon.1893 5g. J-D
2d M.. 1884 5 J-J
do
do
23d St. 1st M. (extended). ...1893 6 J-J
1886 5 J-J
Do debentures
7,650,000 Dec. 1, 1943
500,000 July 1, 1914
100,000 Jan.l, 1909
150,000 Jan. 1, 1906
700,000 Jan.l, 1950
Bleecker8t.&FultonF.lstM.1876 4 J-J
186,000 Jan. 1, 1909
42dSt.&GrandSt. Fer. lstM.1894 6 J-J
M-N
1885 5
1,280,000 Nov. 1, 1909
2d Ave. 1st mortgage
1889 5
1909
J-J
91,000 Jan.,
2d Ave. debentures
1898 5g. F-A
5,039,000 Feb. 1, 1948
2d Ave. 1st consol. mort
210,000 Oct. 1. 1918
Christopher & 10th St. 1st M.1898 4 A-O
1914
750,000 Feb.,
t8thAv. certificates of indebt.1884 6 F-A
1882 6 M-N
250,000 Nov. 1, 1922
Central Crosstown 1st
2,250,000 May 1, 1906
notes, $2,250,000.1904 5
do
Third Avenue RE.— See that company's statement.
Companies separately operated
1,500.000 Oct. 1, 1996
28th & 29th St. Crosst. 1st M.1896 5 A-O
1896 5 A-O
1,000,000 Apr. 1, 1996
34th St. Crosstown 1st M
500,000 Nov. 1,1995
Fulton St. RR. 1st M., gold.. 1895 4 M-N
t Interest on the $750,000 certificates of indebtedness of the Eighth
Ave. RR. is paid out of the $215,000 rental which the Metropolitan
Street Ry. pays the Eighth Ave. RR.
Bonds— The Lexington Avenue <6 Pavonia Ferry js and Columbus <6 Ninth Avenue ss were fully described in V. 60, p. 1146. Both
were guaranteed and later assumed by the Met. Street Ry. Co.
The general coll. trust mortgage of 1897 is secured by deposit of the
stocks (par value) of the Broadway & 7th Ave., $1,400,000; 42d Street
& Grand Street Ferry RR., $400,000; Central Park N. & E. River RR.,
$300,000; 34th Street Crosstown Ry., $990,000; also all property of
H. W. St. & P. V. RR., Chambers St. & Grand St. Ferry RR., Broadway
Ry., So. Ferry RR., Met. Crosstown Ry., Lex. Ave. & Pav. Ferry RR.,
Columbus & 9th Ave., and Ft. Lee Ferry Extension; also leasehold
Interests, contracts, real estate (valued as below stated), etc. See application to N. Y. Stock Exchange in V. 65, p. 826.
Of the $65,000,000 new refunding 4s, $54,000,000 were reserved to retire prior liens amonnting to $48,196,000, this latter not including the
bonds of the Third Avenue Railroad and its constituent companies.
The bonds have a second lien on the collateral deposited as seourity
for the general collateral trust mortgage of 1897; see particulars in
V. 74, p. 1308. Besides the $11 ,000,00i» of bonds immediately issued
(going to the Interurban St. Ry.), $4,134,000 have been sold for refunding, making $15,134,000 outstanding. After Jan. 1, 1920, any
part of the bonds reserved for refundiE^ not needed for that purpose
are to be available for the general purposes of the company.
Dividends—The dividends paid have been as follows, those prior to
1898 having been paid on the Metropolitan Traction Stock, which was
increased in 1892, from $20,000,000 to $30,000,000, and in October,
1897, was exchanged dollar for dollar for stock of Street Railway Co.:
M
—
Year—
)
'92.
'93.
555557 7777
'94. '95. '96.
'97. '98.
'00.
'99.
'01.
'02.
'03.
Percent. S 3 None.
In Ootober, 1897, a distribution of 20 per cent in debenture certificates (naid off Oct. 15, 1898) was made to Traction stockholders. (V.
65, p. 620.)
Real Estate—The real estate in New York City (see V. 65, p.
owned in fee, subject to the general mortgage & collateral
826),
truss
deed of 1897 (including $2,450,000 subject to the prior lien of the
Lexington Avenue mortgage) was valued in February, 1900, at $6,257,019; owned by subsidiary companies, $7,039,750; total, $13,296,769.
Annual Report— See report under New York City Ry.
Officers— Pres., D. B. Hasbrouck; Vice-Pres C. E. Warren; Sec.
and Treas., D. C. Moorehead Gen. Manager, Oren Root Jr.— V. 78,
,
;
p. 48, 49, 288, 584, 820, 1168, 1549,
V. 79, p. 152, 269, 681, 903, 1266.
1782, 2334, 2381,2384, 2599;
Companies controlled by metropolitan Street Ry.
(1)
BLEECKER STREET & FULTON FERRY RR.— Horse
and elec.
12, 1864. Leased to 23d st. Ry. Co.
Jan. 10, 1876 for 99 years ; lease assigned to Met. St. Ry., rental is
interest on $700,000 bonds and \H per cent per annum on stock.
Organization— Chartered Deo.
STOCK & BONDS— Par.
Interest.
Outstanding.
Maturity,
etc
l^J.-J.
See text
$900,000
700,000
Jan. 1, 1950
1st mortgage,)
1,000
4 J.-J.g.
gold, 1900... 5 Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1, 1900,
when they fell due and were extended by the Bleecker Street & Fulton
Ferry Co. at 4 per cent, on the same lien, and made payable in gold.
Road—Owned 10'62 miles. Eleotrio on 14th Street —V. 69, p. 1344.
$100
Stook
(2)
BROADWAY & SEVENTH AVENUE— Change
to
underground
August, 1901.
Organization—Chartered May 26, 1864. Leased May 13, 1890
for unexpired term of charter and for any extensions of the same
to Houston West St. & Pavonia Ferry, now Metropolitan St. Ry. Co.
RENTAL— Interest on bonds and 10 per cent on $2,100,000 stock, of
which Metropolitan Street Ry. Co. owns $1,400,000.
Maturity.
Interest.
Outstanding.
Par.
STOCK
BONDS
Stock.$2,l00,000($100) $100
$2,100,000 See text
10 Q. -J.
2d Mortgage of 1884. ..1,000
5 J. - J.
500,000 July, 1, 1914
B'way Surface 1st guar.1,000 5 J. - J.
1,500,000 July, 1, 1924
do 2d M. int. as rent. 1,000
5 J. - J.
1,000,000 July, 1, 1905
80. Ferry 1st guar
5 A. - O.
350,000 Apr. 1, 1919
1,000
By.& 7th Av. Con. M.of) 1,000
7,650,000 Dec. 1,1943
5 g. J.-D.
'93 for $12,500,000. . \ Interest at Guaranty Trust Co., N. Y., Trustee.
Of the consoi. mort. of 1893 for $12,500,000, $4,850,000 was reserved
to retire at maturity the other bonds in the table, but in June, 1904,
$1,500,000 maturing 5s were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549. The outstanding consols
paid for laying the Broadway cable. The consols are guaranteed, 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 cable, etc. Trustee, Guaranty Trust Co.
The Broadway & 7th Avenue assumed the Broadway Surface
1st mortgage bonds for $1,500,000 and payment of interest on the second mortgage bonds for $1,000,000, for use of tracks between 15th
Street and ferry. South Ferry 5s. assumed under lease.
electric occurred in
&
;
STREET RAILWAYS.
1562
ROAD— Including Broadway Electrio,7th Ave. and South Ferry llnee;
owned 1512 miles,
INDEX— V. 58, p. 733; V. 73, p. 287. Office 621 Broadway.
(3) CENTRAL CBOSSTOWN RR.— Eleotrlo and horse.
Organization- Chartered March 28, 1873. May 28, 1890, leased
Tenth St. RR. at 8 p. c. on stook and interest on debt.
the Christopher
In May, 1897, control was obtained in the interest of the Metropo which
owns $502,800 of the stock. V. 64, p. 1001, 1042.
tan St. Ry.,
On April 1, 1904, was leased for 999 years to the Metroi olitan Street
<fe
Ry. at a rental f 15 p. c. per annum on capital stock in addition to a
guaranty of the principal and interest of the bonds of the Central Crosstown BR. V. 78, p. 820, 1168.
1
Stock
&
Bonds.—
Date.
Maturity.
Outstand'g.
Interest.
Stock, $600,000 ($100)
See text"
15 Q. - J. $600,000
18*2 6 M. - N.
250.000 Nov. 1, 1922
1st mortgage ($1,000)... o) Interest at Morton Trust Co., New York.
Am. Loan & Trust Co., Trustee.
1904 4 g. M.-N.
dee text.
May 1, 1952
1st con. M., $3,000,000,$
Morton Trust Co., New York, Trastee.
cfcri
gold ($1,000)
Interest at company's office.
May 1, 1906
Notes, $2,250.000
1904 5
k,2oO,000
The notes mentioned in table above are secured by deposit of $2,500.000 guaranteed bonds. See V. 78, p. 1548.
Dividends. Dividends under lease are now 15 p. c. For record of
—
previous dividends see street
Railway
Section for Feb. 27, 1904.
<te
10th
St. RR., 3-"6 miles. Total track, 7*05 miles. All electric except 17th
and lt-th Sts. from Broadway to Ave. A.
Road—Track owned is 329 miles; leases from Christopher
CENTRAL PARK NORTH & EAST RIVER.—Horse & elect.
(4)
Organization—Chartered July 19. 1860. Lease— Leased to Metropolitan Ry. Co. Oct. 14, 1892, for length of charter and renewals thereof
at 8 per cent on stock till Oct. 1, 1897, thereafter 9 per cent (V. 55, p.
Metropolitan St.Ry. owns $300,000 of the stock.
»94).
STOCK
&
BONDS—
Interest. Outstanding.
Par.
Maturity.
$100 text Q.—J. $1,800,000 See text
Metropolitan St. Ry. refunding 4s were issued to take up the $1,200.000 1st oonsols maturing Dec. 1, 1902.
Road— Owns 59th St., East and West, with branch to South Ferry,
19-90 miles. All electric on 59th Street.
Stock. (See rental above.)..
CHRISTOPHER & TENTH STREETS RR.— Electric
(5)
Organization—Chartered April 25, 1873. Leased to Central Cross
town May 1, 1890, at 8 per cent on stock and interest on bonds.
Par.
Outstand'g. Maturity.
Interest.
STOCK & BONDS $100
8tock
8
See text
$650,000
210.000
Q. -J.
let mortgage ext. in) 1,000
4
Oct. 1, 1918
A. -O.
1898
New YorK, Trustee.
S Guaranty Trust Co.
The $180,000 lets were extended 20 yrs. from Oct. 1, 1898. and Jn
addition $30,000 bonds were issued at same time to take up the Real
Estate Mortgage of similar amount. V. 67, p. 370.
ROAD—Track owned is 3-76 miles.— V. 67, p. 370.
,
EIGHTH AVENUE RR.— Underground trolley road.
(6)
Chartered Jan. 10, 1855. Road is leased to Metropolitan Street Ry. for 99 years from Jan. 1, 1896, at rental of $215,000
per annum, which provides for interest on the scrip, 16 per cent dividends on stock and $5,000 additional for organization expenses. V.
62, p. 40. Undergrouno electric traction system used between 158th
and Battery Place. V. 67, p. 178. 956.
Interest.
Outstand'g
Maturity.
Stock
BONDS.— Par.
Organization
&
Stock
$100
100
8oripofl884
Quar.
6 F. & A.
See text.
$1,000,000
750,000
Feb., 1914
subjeot to call at par on any interest day.
Road—Total track owned and operated, 18-98 miles. V. 62, p. 40.
Scrip
is
FORT GEORGE & ELEVENTH AV. RR.—To be an underground
(7)
trolley road.
Organization—Incorporated Nov. 19, 1898, in the interest of the
Met. St. Ry. to build a line from 130th St. and 11th Ave., along 11th
Ave. to 175th St., and another from 145th St. and 11th Ave. easterly
throusrh 145th St. to the Harlem River.
Has been oonetruoted
on 145th St. between Lenox and »th Aves. Stock authorized, $3,000,000.(fV. 67, p. 1109. Franchise granted Deoember, 1889, for tS
years, with privilege of renewal for another 25 years; 4 p. o. of gross
receipts to be paid the first five years, 6 p. 0. the second five years, 8
per cent the third Ave years, and 10 per cent the remaining years of
operation. The road to become the property of the city at the termination of the franchise (whether original or renewed) upon payment
for the same in accordance with definitely-prescribed rules. The Kingsbridge franchise was granted the 3d Ave. RR. upon the same terms.
FORTY-SECOND
GRAND ST. FERRY—A
horse railroad.
16, 1863. Leased to Metropolitan Street Railway Co. from April 6, 1893, for duration of charter and
renewals thereof at 18 per cent on stock, payablo in lawful money.
Met. St. Ry. owns $400,000 of the stock.
(8)
ST.
<fe
Organization—Chartered February
STOCK & Bonds— Par.
$100
Stock
1st M. extended
1,000
Interest.
Outstanding,
Maturity.
18 Q.— F.
6 J. -J.
$748,000
186,000
See text.
Jan. 1, 1909
ROAD—Owns 764 miles. V. 74, p. 1139.
FULTON STREET RAILROAD—A horse road.
(9)
Organization.- Chartered
Metropolitan
Stock
&
St.
Oct. 29, 1895.
Stook
all
owned by the
Ry.
Bonds—
Stock, $500,000 ($100)
1st M.,g., ($1,000), guar.
p. and i. Met. St.Ry. o*
Date.
Interest.
Outstanding,
Maturity.
$500,000
<
1895 4g. M-N
500,000 Nov. 1,1995
Guaranty Trust Co. of New York, Trustee.
Earnings— See report under New York < ity Ry.
ROAD—Track owned is I 05 miles.— V. 62, p. 277.
>
J
VORK& HARLEM RR.— Underground eleotrio railroad.
Organization— Chartered April 23, 1831. Owns also a steam road
leased to New York Central, its securities, which cover the electrio
(10)Nh;w
roads as well as the steam
being described under the title New
railroads in our Railway and Industrial
Section. In July, 1899, the Metropolitan Street Railway jCo. bought
from the New York & Harlem the car-stable properties at Thirtysecond Street and Fourth Avenue and at 86th St. and Madison Ave.
V. 69, p. 180, 542, 591.
for $1,350,000
The eleotrio (formerly horse) lines (19-77 miles of track) were leased
to the Metropolitan Street Ry. for 999 years from July 1, 1896, for a
rental of $350,000 per annum the first five years and $400,000 per
annum thereafter, which is equal to '4 per cent on the $10,000,000
stock; in addition $2,50o is allowed for organization expenses. V.
62, p. 1088. Line operated electrically from March, 1898, from City
Halt to 135th Street. In Jan., 1900, arrangements made with the
Third Ave. RR. Co. for running cars to Post OfHce. V. 70, p. 125.
line,
YorkA Harlem among steam
NINTH AVENUE RAILROAD— An
electrio railroad.
29, 1859. The road is leased to th»
Metropolitan Street Railway Co. for 99 years from March 12, 1892.
Rental— For first 5 years $48,000. which is equal to 6 per cent on
capital stock ($800,000), and thereafter $64,000—8 per cent on same
and $2,500 for organization expenses. Stock, $800,000; par $100;
Road-Fulton Street to 126th Street, total track
dividends, Q.— J.
owned and operated, 16-14 miles.
(11)
Organization—Chartered July
[Vol. lxxix.
(i2) SECOND AVENUE RR.— Mostly underground electrio.
Organization.—Chartered Jan. 21, 1853. Leased for length of charter from Jan. 28, 1898, to the Metropolitan Street Ry. at 8 p. c. on the
stock for three years from March 1, 1898, and 9 p. o. thereafter. V.
66, p. 185. All electric except 1st Ave Branch.
Interest.
Outstand'g. Dividend, die.
Par.
Securities.—
Stook, $2,500,000, $100.
$100 9 Q-M.
$1,862,000
See text.
1st mortgage of 1885
1,000 5 M. & N.
1,280,000 Nov. 1,1909
Debentures of 1889
1,000 5 J. & J.
91,000 Jan., 1903
1st con. M.,g., $7,000,000 1,000 5g. F. &A.
5,03^,000 Feb.1,1948
1898,guar.,p.<fei.end.c* Guaranty Trust Co., N. Y., Trustee.
Of new 1st consol. 5s, $1,371,000 are reserved to retire securities o*
earlier date, balance for Improvements, equip., etc V. t>6, p. 900. For
mistake of trustees in exchanging some 5s of 1909 for oonsoL 5« of
)
\
1948, see V. 76, p. 654.
ROAD—Track owned,
25-93 miles.
V. 65, p. 276; V. 66, p. 616, 900.
SIXTH AVENUE RAILROAD— Underground
(13)
Organization— Leased
trolley.
to Metropolitan Street Ry. Co. Feb. 1, 1892.
for 800 years. Rental now $145,000 per annum, which Is 7 per cent
on stock and $5,000 for organization expenses (V. 61, p. 925.)
Stock, $2,000,000; par, $100. An extra dividend of 38 per cent was
paid in August, 1901, out of proceeds of sale of stable property at
Sixth Avenue and 43d Street. Road, inoluding Lenox Ave. branoh—
track owned, 1245.
In Feb., 1899,
began operating underground trolley all the way to Battery Place. V. 73, p. 236.
(14) THIRTY-FOURTH STREET
underground electric in Sept., 1903.
CROSSTOWN RY.—Changed
to
Organization— Chartered March 18, 1896, being a consolidation of
RR. Co. and the Thirty-fourth Street Ferry
& Eleventh Avenue RR. Co. The stork of the Thirty-fourth Street
Crosstown Ry. (Jo. is all owned by the.Metropolitan Street Ry.
Sror k and Bonds—
Date.
Interest. Outstanding.
Maturity.
the Thirty-Fourth Street
8took ($100)
let M. ($1,000), guar.
p. and i. Met. St. Ry..
$1,000,000
Apl. 1. 1996.
5 A-O
1,000,000
Central Trust Co., N. Y., Trustee.
\
Road—Track owned is 0-96 miles. V. 60, p. 83; V. 62, p. 549.
REPORT.— See report under New York City Ry.— V. 71, p. 135.
<
1896
(15) TWENTY-EIGHTH AND TWENTY-NINTH STREETS CROS8TOWN RAILROAD— Horse cars.
Organization—The Metropolitan Street Ry. purchased the property
Dec, 1898. the new
in September, 1896, and owns all the stook. In
air compressor and power house were practically
oompleted, and in
August, 1899, began using air-motor system exclusively. V. 69, p.
883. In May, 1901, however, returned to horse cars.
Date. Interest. Oxitstanding.
Maturity.
STOCK
Bonds—
Stock, $1,500,000 ($100)
$1,500,000
IstM., $1,500,000($1,000)> 1896 5g. A-O
1.500,000 Oct. 1, 1996
gu.p<fciend.,M.St. Ry.g.o* 5 Central Trust Co., New York, Trustee.
ROAD— Track owned is 6-72 miles. V. 63, p. 602, 661, 839.
REPORT— See report under New York City Ry.
&
TWENTY-THIRD STREET RAILWAY—Underground trolley.
Organization—Chartered Jan. 29, 1872. Leased from Apr. 25, 1893,
(16)
to the Metropolitan Street Railway Co. for the unexpired
charter and for any extensions of the same. Rental is 18
STOCK
&
BONDS-—
Par.
Interest.
Outstand'g.
term of the
per oent.
Maturity.
18%perann.
$600,000
100,000
Jan. I, 1909.
in 1 893
Morton Trust Co. New York, Trustee.
s
Debentures of 1886. 1,000
5
J.-J.
150,000
Jan. 1, 1906
Road— Including 14th St., Bleeoker St. and Canal St. branches, track
owned 4 25 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139
Stock ($100)
lstM.,$250,000,ext.
$100 18
>
1,000
6
Q.-F.
J.-J.
,
THIRD AVENUE RAILROAD
-
Underground
trolley.
Organization.—Chartered October 8, 1853. A oable road from
December 5. 1893, but in 1899 changed to underground trolley. In
January, 1900, the eleotrio line between 125th and 162d streets
was completed. In Nov., 1895, purohased oontrol of the 42d Street
&
St. Nicholas Ave. line. See V. 61, p. 872, 926. ConE. B. & B. was obtained Aug. 23, 1897. ( V. 65. p. 194).
la January, 1 898, amajority of the stock of Union Ry., N. Y., was purchased.— V. 66, p. 135. In Sept., 1898, Union Ry. purchased Yonkera
RR. V. 67, p. 635. In April, 1899, the Tarrytown White Plains*
Mamaroneck Ry. was acquired. V. 68, p. 674.
In May, 1904, the Bronx Traotion Co was incorporated with $5 Q 5,000 capital. It Is to be a consolidation of several small companies.
The list of directors includes some officials of the Metropolitan St. Ry.
Manhattanville
trol of
Dry Dock
See V. 78.
p.
2333.
A traffic agreement, which went into
effect April 29, 1899, has been
between the Manhattan Elevated and the Third Avenue
Railroad system [comprising the Third Avenue RR., the Dry Dook
East Broadway & Battery, the 42d St., Manhattanville <& St. Nicholas
Avenue RR. and the Union Railway lines], providing for an extensive
scheme of transfers at cross-town junctions, and also at the terminal
points of the two systems. The transfers are granted for an additional
entered Into
fare of 3 cents, making the cost of the entire journey 8 cents. For the
latter sum a passenger oan thus ride from the City Hall and South
Ferry to Yonkers, New Roohelle, Mt. Vernon and Larohmont. V. 68,
This contract expiied April, 1904, but was renewed for
p. 672, 872.
a tear. Sept. 1. 1904, the Union Ry. began operating express trolley
passenger service between the Bronx Park Station of the Manhattan
Elevated Ry. and New Rochelle and Mt. Vernon. V. 79, p. 903.
Owing to failure of negotiations for a new loan to take care of a
large floating debt, the Third Avenue Railroad was on Feb. 28, 1900
plaoed in the hands of Hugh J. Grant as receiver. On March 19, 1900,
it was announced that the Metropolitan Street Railway had purohased
control of the road in the open market (at an average prioe, it is understood, of 80) and would provide for the rehabilitation of the oomnany.
Arrangements were at once concluded through a syndicate, represented by Kuhn, Loeb & Co., for the sale of $35,000,000 of the $50,000,000 new mortgage described below, and on May 24 the property
was restored to the company, passing into the possession of the Metropolitan Street Railway Company as owners. Kuhn, Loeb & Co. offered
a block of the bonds for sale in Dec, 1900. V. 7
p. 1168.
Lease.— On April 13, 1900, the Metropolitan Street Ry. Co. took a
lease of the property for 999 years. For the ttr*t four years Third
Avenue stock was to receive only the net-inoome above expenses and
fixed charsres; the next two years 5 per cent; the suoceedlntr four years
6; thereafter 7 per cent. The first dividend under the lease (1*4 per
cent), was paid on July 30, 1904, and the second Oct. 31, 1904.
BONDS. Par. Date. Interest. Outstanding. Last div., dtc
STOCK
Stook,$40,000,0u0. $100
See text.
$15,995,800
5,000,000 July 1,1937
1st mortage, gold.. 1,000 1887 5 g. J. &J.
1900 4g. J.A.I. 36,943 000 Jan. 1, 2000
lstconsol.M.gold)
0* ($1,000, &c.i, > Interest at Morton Trust Co N«w York. Trustee
$50,< 00,000.c&r ) Guar., principal and int., by end. by Met. St. Ry.
Bonds— The remaining $13,057,000 is reserved to take up the following prior liens, which the company has bound Itself to pay off at or
before maturity without extension. V. 78, p. 1549. Thefbonds were
listed on the N. Y. Stock Exohange in Maroh, 1901.
1
&
,
,
STREET RAILWAYS.
Oct., 1904.
Authorized. Outstanding.
Name of company and loan.
$5,000,000
$5,000,000
Third Ave. RR. Co. let
2,000,000
2,000,000
Union Rv. lstM
M.
1st
1,200,000
1,200,000
Nich.
Ave.
Ry.
42d St. Manhatt. & St.
*757,000
1,600,000
lnoomes
2d mortgage
950,000
Dry Dock East B'way <te Battery RR. 1st M. 1,000,0^0
l,2o(),00O
1,100,000
Certificates of indebtedness
1,000,000
1,000/00
Yonkers RR. Co. 1st
500,000
500,000
Westchester Electrio RR. 1st
300,000
300,000
Tarryfu White Plains &Mam'neckRy.lstM.
25o,0o0
250,000
Southern Boulevard RR. 1st
M
M
M
M
$14,050,000 $13,057,000
Total
Stock
&
1563
Par.
Bonds.—
5
A
° A>
$
$1,000,000. '96, gu..
Last
Outstand'g.
Interest.
Yonkers KR. 1st M.,)
-O
"•
div.. <tc.
<K1 000 000
»i.««W.«y«
Anr
Apr.
1
±,
1946
i»ao
300,000
Mar.
1,
1928
Tarrytown W'e Plains )
&
Mamaroneck
nitge.,
1st ($1,000
$300,000,
g.,
[
guar. p. &i.. 1893...
J
5
g.
M.-S.
Knickerbocker Trust
Co., N. Y., Trustee.
Road— Main line and branches, Including second
Annual Report— See report of New City Ry.
INDEX-V.
(4)
track, 83 54 miles.
69, p. 441; V. 70, p. 77, 481.
TARRYTOWN WHITE PLAINS & MAMARONECK
(ELEC-
$74 5,000 already pledged as part security for the Third Ave. RR
4s ore here deducted; of the $743,000, $337,000 was owned at the
time of the making of l he inorigage, aud the other $386,000 have
since been acquired by the issue of a like amonnt of the Third Ave. 4s.
The new bonds are guaranteed by the Metropolitan Street Railway
(ti-rform of guaranty see V. 72, p. 776) and are secured by the pledge
t i the following stocks and bonds:
Issued.
Pledged.
Name of company.
Jnlon Railway Co. of New York City stock. . . .$2,000,000 $2,000,000
2,469,800
42dSt. Manhan'ville&St.Nich.Ave. Ry. stock. 2,500,000
TRIC) RY.— A trolley road.
1,500,000
2d mortgage Incomes
Dry Dock East Broadway & Battery RR. stock. 1,200,000
$300,000
300,000 Mar.1,1928
5g
Trust
Co., N. Y., trustee.
p.
<fei..
Knickerbocker
5
g, ($1,000) guar.
329,630
BUs payable June 30, 1904
The bonds are guaranteed, principal and interest, by endorsement,
by the Union Railway Co. For form of guaranty see V. 74, p. 381.
Annual Report— See report of New York City R7.— V. 67, p. 75,
*
357,000
1,179,000
8,600
991,400
992,500
500,000
248.300
300,000
Do.
8,600
Kingsbridge Ry. Co. stock
Subscription for balance of $1,000,000 stock
1,000,000
Yonkers RR. Co. stock
500,000
Westchester Electric RR. Co. stock
250,000
Southern Boulevard RR. Co. stock
300,000
Tarryt'n White Plains & Mamaroneok Ry. stock
The Metropolitan Company Is to be entitled to vote on the forego
ing and to receive the Income from the same so long as the new bonds
are not in default. See particulars in V. 70, p. 1050.
There are other mortgages outstanding for $50,000.
Miles.
Miles.
Road Owned.
City Hall via 3d av. to 130th st. 7-03 42d St Man.& St. Nioh. Ave. 2481
7110
North River to 125th St., E.R. 2-50 Union Ry
Westchester Electrio
2513
10th Ave., 125th St. to Fort
3-75 Yonkers RR
2606
George
13-28 Southern Boulevard
7 -00
Second track
0-68 Tarrytown White Plains &
Sidings
—
Mamaroneck
1890
2724
Total track
Total controlled track.. 18797
Controlled but oper. separately track miles.
21521
Dry Dock E. B. & Bat. Ry.. 14-97 Grand total track
Annual Report.— See report under New York City Railway.
OFFICERS.— President.H. H. Vreeland; Vice-Pres., D. B. Hasbrouck;
Sec. and Treas., John Beaver; A98t. Gen. Mgr., Oren Root Jr.
INDEX-V. 74, p. 528; V. 78, p. 2336, 2386, 2600; V. 79, p. 153.
—
(1)
DRY DOCK EAST BROADWAY & BATTERY— Horse road.
Organization— Control obtained by Third Ave. RR. Aug. 23, 1897,
(V. 65, p. 194) which owns $1,179,000 of the stock, all pledged for the
50 million dollars rhird Avenue mortgage.
Outstand'g.
Maturity.
Par.
Interest.
STOCK & BONDS—
Q.— F. $1,200,000
Stock
...$100 6
See text.
1 000 5 g. J. - D.
Deo. 1, 1932
950,000
mort goia.isy^
Oen mort.,
e-old 1 S92 \
uen.
^ Farmers' Loan & Trust Co., Trustee.
'
100 5
1,100,000
Feb. 1, 1914
Road— 1497 miles of traok, 191 cars, 8 sweepers and 4 snow plows,
DIVIDENDS—Since 1891, for fiscal year ending June 30: 1891-92,
5 per cent; 1892-93, 6 per cent; 1893-94, 2^ per cent; 1894-95, 4^
percent; 1895, August, 1*2 p. c.
in
Nov., 1*2 p. o; in 1896, 6 p. o.
1897, Feb., 1^ p. c; in 1898, 6 p. c; in 1899, May (Feb. div. was
Oertof debt not sub.too.
F. - A.
;
passed), l*g p.
o.;
;
none since paid.
Annual Report— See report of New York City Railway.
NDEX-V. 64, p. 843, 1041; V. 65, p. 194. 568; V. 67, p. 952.
(2)
FORTY-SECOND
ST.
MANHATTANVILLE &
NICHOLAS
8T.
AVE. RY.— A horse road, but Nov. 11, 1900, changed to electricity.
The company after being in the hands of receiver from March, 1900,
was restored to solvency in 1901, reoeiver being discharged April 12
Organization—Chartered Aug. 29, 1878, In November, 1895, control
was purohased by the Third Avenue RR. bee V. 61, p. 926.
ta Dec, 1899, began to use underground electrio system from Fort
Lee Ferry to the Boulevard, thence to Fifty-ninth Street.
Of the stock, $2,469,800 is pledged as security for the 50- million
Third Ave. mtg also $357,000 of the 2d mtg. incomes.
Interest.
Outstand'g
Maturity.
STOCK
BONDS.— Par.
8t'k (aut'd $7,500,000) $100
$2,500,000
1,200,000 Mch. 1, 1910
6 M-S
Istraort
trolri 1880
lfiftoJ 1 000
mort. gold,
1st
lnterest at Uni0 n Trust, N. Y. City Trustee.
J
2d mort. inc. 6s, 1885 5 1,000 6% as earned.
1,500,000 Jan. 1, 1915
$1,600.000
Union Trust Co., N. Y., Trustee.
I
Real estate mortgage
100,000
5%
Sue text.
Bills payable June 30, 1904
6,291,754
Bonds.— The real estate mortgage is all owned by the Third Ave. RR
Road— 24-81 miles of track, 120 oars, 5 snow plows and 5 sweepers.
Annual Report— See report of New York City Railway.
;
&
-
(3)
UNION RAILWAY OF NEW YORK— A
trolley road.
Organization— Organized under Chapter 340 of the Laws of 1892giving authority to consolidate the Harlem Bridge Morrisania &
Fordham Ry., the Melrose & West Morrisania RR. and the North Third
Ave. & Fleetwood Park RR. Validity of consolidation affirmed by
Court of Appeals Jan. 9, 1900.— V". 70, p. 77. Operates from 129th
St. and 3d Ave. through the Borough of the Bronx, and with subsidiary
lines, continuing thence to and .through Mt. Vernon.
Controlled by Third Ave. R.R., which in Jan., 1898, purchased a mastock.— V. 66, p. 135.
In Sept., 1898, the Union Ry. purohased Yonkers RR, and agreed to guarantee its $1,000,000 bonds,
this guaranty being accepted by the Third Ave. V. 67, p. 635.
In Dec, 1899, accepted the terms proposed by Board of Estimate
for the Kingsbridge RR. franchise, which are 4 per cent of gross
receipts for the first 5 years, 6 per cent for the second, 8 per cent
for the third and 10 per cent thereafter. The franchise is for 25
years, with privilege of renewal under certain conditions for another 25 years. At the end of the term the city acquires the property, paying for it in accordance with definitely prescribed rules for
fixing its value. V. 69, p 1248. Work on this line was begun in July,
1901, and completed in 1902 Runs from AmsterdamAve. andl62dSt.
to Broadway and 221st Street, making 3-125 miles additional.
The whole of the Union Ry. stock is pledged as security for the Third
Avenue 50-million mortgage.
Interest.
Outstand'g. Last div., £c.
Stock
Bonds.— Par.
Stock
$100
$2,000,000
g. F. -A.
2,000,000 Aug. 1, 1942
lm-mnrt
1SQ9 gold.
™iri 51,000 5 6
1st
mort., 1892,
, 8 pay aWe at Central Trust Co
\
Y City.
Notes payableJune 30, 1904, $5,775,502.
jority of the
&
^
.
(
£
.
Guaranteed Loans—
Westch. 1st M.,gu.,p.<fci) 1,000 5g. J.-J.
500,000 July 1, 1943
gold
1893
Mercantile Tr. Co., N. Y., Trustee.
5
Southern Boulevard*
5 g. J.-J.
250,000 July 1,1945
RR. 1st, gold, 1895.. \
Central Trust Co., N. Y., Trustee.
i
Organization— Successor in 1898 to the New York Elmsford & White
On April 18, 1899, Third Avenue RR. purchased all the
sto k, and it is pi -dged as seourity for the new 50-unlli ,n Third Ave.
Plains Ry.
mortgage.— V. 68, p. 674.
Road extends from Tarrytown station on the N. Y. C. & H. R. RR., to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem Road to Silver Lake Park, a total of 21-0 J miles. The company
carries freight as well as passengers.
Date.
BONDS STOCK
Stock ($300,000), par $25
1st mortgage $300,000,) 1893
&
Maturity.
Outstanding.
Interest.
M&S
435; V. 68, p. 674; V. 74, p. 381.
(5)
YONKERS RAILROAD.—A trolley road.
Sept., 1898, sold to the Union Ry., which guarantees $1,000,000 bonds, principal and interest, this guaranty being
accepted by the Third Ave. RR. See New York.— V. 67, p. 635.
Of the stock, $992,500 is pledged for the new 50- million mortgage of
the Third Ave. RR.
Outstand'g. Maturity.
Date.
Interest.
BONDS—
STOCK
$1,000,000
8tock, $1,000,000 ($100)
5 A-O
1,000,000 Apr. 1,1946
1st mtge.gold, $1,000,000,) 1896
Manhattan Trust Co., N. Y., Trustee.
guaranteed
S
Organization— In
&
Bills
973,150
payable June 30, 1904
Road— Owns 26-06 miles of track.
Annual Report— See report of New York CityRy.-V.
644; V. 63, p. 5 58; V. 65. r. 515; V. 67, p. 635; V. 71,
NEW YORK
& STAMFORD
Aug.
Was
62, p. 462,
p. 30.
RY. -A trolley road.
incorporated
3, 1901, in New York as a
consolidation of the Portchester Street Ry. and theLarchmont Horse
Ry. Has franchises in Portchester for 99 years and in Mamaroneck
for 100 years; on remainder of the road practically perpetual. Consolidation with Greenwich Tramway authorized [V. 76, p. 1356] and
also increase in stock to $2,000,000 when consolidation ts effected.
Nothing had been done on this, however, in October, 1904.
Maturity.
Outstanding.
Date. Interest.
Bonds—
Stock
Organization—
&
$450,000
Stock, $150,000 ($100)
Oot. 1, 1931
396,000
1st mortgage $450,000 ) 1901 5 g A-O
Security
& TrustCo., N. Y.,Trus.
c* S Int. at N. Y.
($1,000) gold
,
Bonds—No
sinking fund and cannot be called.
Earnings for the year ending June 30. 1904: Gross, $122,527
;
net,
$36,594; interest, $19,800, surplus, $16,7;>4.
Road— Operates about 25 miles of track from Port Chester through
Rye, Harrison, Mamaroneck and Larchmont, to New Rochelle, where
connection is made with the Third Ave. surface line into New
York City. The Greenwich Tramway Co. connects with this line, thus
forming part of a through line from New York to Boston. 70 & 80-lb.
rails; standard gauge.
Has 30 cars; 5 service cars; 2 snow plows.
OFFICERS— President, Chas. A. Singer, Larchmont, N. Y.; Vice-Pres.,
N. H. Heft, Bridgeport, Conn.; Sec. and Treasurer, G. Stanley Heft,
Bridgeport, Conn.; Assist't Sec. and Treas., John Neilson, Larchmont,
N. Y.-V. 73, p. 82, 287, 785; V. 76, p. 1356; V, 78, p. 702.
NEWARK, N. J.— (See Jersey City, N.
NEWBURG, N. Y.
ORANGE COUNTY TRACTION CO.-Trolley.
J.)
Organization— Organized Oct. 16, 1901, and acquired the Newburg
Electric Ry. Co., sold under foreclosure. Under the reorganization no
dividends are to be paid on the shares for three years, all surplus
earnings to be used for betterments and additions. The Newburg
Electrio 1st mortgage bondholders and the Walden & Orange Lake
RR. and the Newburg & Orange Lake RR. agreed to a reduction in
their interest from 6 to 5 per cent. See V. 73, p. 138. In May, 1904,
State Railroad Commission granted permission to make new mort.
for $100,000 for improvements, but no bonds issued up to Oct., 1904.
Date. Interest. Outsl'd'ng. Maturity.
BOND«- STOCK
&
Stock $150,000, par $25
$150,000
175,000
Pf., $175,000 6% non-cum. $25
250,000 May 1, 1944
Newb.Elec.lstM. ($250,000) J 1894 5g. M-N
g., ($500) not sub. to call (Int. at Knick. Tr. Co., Trustee, N. Y. City.
100,000 Junel, 1945
Walden & O. L. 1st Mort. g. 5 1895 5g. J-D
Brooklyn.
guar. p. & i
( Int. at Hamilton Trust Co.
75.000 July 1,1944
Newb. & Orange Lake 1st 5 1894 5g. J-J
M.,g.,$500,p. &i guar. c* (Int. at Knick. Tr. Co., Trustee, N.Y. City.
,
New mortgage $100,000
Loans paj able June
ROAD— Owns
30,
i9'89
.
None
1904
$35,2o0
1904
miles
of
track
(including
Walden
& Orange
Lake 5-29 miles and Newburg & O. L. 5-40 miles).
Report— For the years ending June 30 (Newburg
Gross.
Elect.)
Oth. Inc. Int., tax, &c. Bal.,sur.
Net.
$29,018 def.$l,923
$112,760
$26,240
$855
8,147
28,200
823
103,003
35,524
OFFICERS— Pres, W. H. Hascy; Vice-Pres. and Treas., W. H. Pouch;
Sec, A. B. Pouch.—V. 77, p. 1747; V. 78, p. 1962.
1903-4
1902-3
NEWBURYPORT, MASS.
CITIZENS'
ELECTRIC STREET
Organization— Incorporated
Newburyport & Amesbury RR.
Date.
STOCK & BONDS—
RY.-Trolley.
in April, 1899, as successor to the
Interest.
Outstanding.
Maturity.
J-J
July,'04,2ifl
$240,000
Dec 1, 1820
210,000
51900 5g. J-D
i.tM«2qnnnn
w
1st M. $230,000, gold....
Beacon Trust Co., Boston, Trustee.
^
38,563
Notes & bills pay'le (net)
Dioidenas-For fiscal year ending 1901, 8 p. c; 190? 7 p. c; 1903, 6
8tock, $240,000, $100
m
p. 0.; in Jan.,
1904, 3
p.
c; July, 2*2
P- c.
about 23 miles of track in Newburyporc, including
lines to Haverhill, Amesbury and Plum Island.IOperates 43 cars, g g|
ROAD— Owns
STREET RAILWAYS.
1564
Earnings— For fiscal year ending Sept. 30, 1903, gross, $103,190;
net, $35,385; int. and taxes, $18,360; dlv., $14,400; surplus, $2,625.
OFFICERS—Pres., W. M. Butler, Boston; Vlce-Pres., Jas. F. Shaw,
Boston; Treas., G. A. Butman, 8 Congress St., Boston; 8upt., E. P. Shaw
Jr., Kewburyport. Ofllce, 33 Market Sq., Newburyport.— V. 72, p. 44.
NEWPORT,
R.
I.
NEWPORT & PROVIDENCE RY- CO--A
trolley
road.
Stock & Bonds—
Common, $300,000, $100.
Date.
Outstanding. Maturity.
Interest.
$200,000
200,000
Pref.,oum.,$200,00o,$100
300,000 Apr.l,l*»24
1st mtg., $350,0 0, gold) 1904
5g. A-O
c* J Int. at State St. Trust Co., Boston, trustee.
$500 and $1,000)
Bonds— No sinking fund, and bonds are not subject to call.
Road- Operates 12 miles of track (completed In 1904) from Newport
to Bristol ferry, where connection is made by ferry to Providence; 70
and 90 lb. T and girder rail. An extension to the War College is
;
proposed
OFFICERS— President, E. A. Brown; Treasurer, Geo. E. Maoomber;
J. Jones. -V. 78, p. 2519.
Manager, W.
NEWTOWN, PA.
NEWTOWNELECTRIC ST. RY.-A
....
I9nn nnfl (
st><juu,uuu
^
1898
trolley road.
1st mortgage,
($1,000), gold
£
300,000
300,000
5g.
Int> at Real Egt Title In8>
Philadelphia. Trustee.
_
1928
Tru8t Co>
&
Loans payable June 30, 1903
36,634
Road— Owns and operates 27*89 miles of track.
Earnings— For year ending June 30, 1903: Gross, $54,560;
$12,205, interest, taxes, etc., $22,762; deficit, $10,557.
OFFICERS— President, T. P. Chambers; Secretary, Geo
Treas. &, Gen. Man., A. Chambers; Supt., J. W. Keener.
net,
statement
,
&
LEWISTON & YOUNGSTOWN FRONTIER RR.-
OrQANIZATION.—Chartered August, 1895. Owns from Lewiston to
Youngstown, 7-3 miles completed in August, 1896; branch to Rumsey
;
STOCK
& BONDS—
Date.
Stk., $150. 000 ($100)
1st mtg., $150,000
($1,000), gold c*
Loans July
1,
J
{
m.; total, 8-7 miles.
Interest.
Outstanding.
6g.J-D
$134,000
134,000
....
1896
Int. at Buffalo L. Tr.
& S. D.
1903
NIAGARA
Maturity.
June 1,1926
Co., Buffalo, Trustee.
32,087
ST-
CATHARINES & TORONTO
RY.— Electric and steam road.
Organization— Incorporated in Canada. A consolidation of The
Niagara Central Ry., the Niagara Falls Wesley Park & Clifton Tramway Co and the Port Dalhousie St. Catherines & Tliorold Electric
Street Ry. Franchises perpetual. Owns and operates Niagara 8t.
Catharines <fe Toronto Nav. Co; also transports freight.
STOCK
&
Bonds—
Date.
Interest.
Outstand'g. Maturity.
Btock, $1,000,000
$925,000
1899 5gM-N
710,000 Nov. 1, '29
f
Int at Canadian Bk.of Commerce/Toronto,
By. lstmort,
*•/•
g. w^"""!
($1,000) «
c*i
°»
«» ban (i Bank of Scotland, London.
( Nat'l Trust Co., Lim., Toronto, Trustee.
1903 5gM-N
200,000 Nov. 1, '29
Nav To 1st M <K250 00n( Intat
Canadian Bk.of Com/Toronto &N.Y.
(Siiinni f£205
fe« 8d.)g.o
hh wr n> \
(£,!05. as.
($1,000)
Nat'l Trust Co., Lim., Toronto, Trustee.
£
Interest also at Bank of Scotland, London.
Bonds— Of the Railway bonds no given amount Is authorized, but
$20,000 per mile of electrically-equipped road; otherwise $15,000 per
mile may be issued. $60,000 of these bonds is reserved for prior liens.
The Haziualion bonds are guaranteed by the Railway, p. & 1., by
Indorsement. Neither issue is subject to call, but the $60,000 prior
liens can be called at any time on 30 days' notice.
Road—Operates 35-5 miles of track, not including sidings. Runs
from Niagara Falls, N. Y., and Niagara Falls, Ont., to Port Dalhousie
on Lake Ontario, passing through St. Catharines, Merritton and Thorold. 60-lb. steel rails, 26 passenger cars, 16 freight cars, 1 electrio
locomotive. 1 steam locomotive and 2 snow plows. Extension contemplated from St. Catharines to Toronto by way of Hamilton.
Latest Earnings— For 8 months ending August 31
|
•
Tear.
1904
1903
Oross.
$148,016
141,424
Ope>-.
Exp.
Net.
$96,702
$51,314
91.036
50,338
Report— For years ending Dec. 31:
Year—
Oross.
oper exp.
Net.
1903
$214,823
$142,456
$72,367
1902
172,840
126,753
46,087
Surplus.
$17,9 9
Interest.
$33,385
29,356
20,982
Charges.
$43,867
35,376
Surplus
$28,500
10,711
OFFICERS— Pres., John W. Herbert, New York City; Vlce-Pres., Addison B. Colvin, Glens Falls, N. Y.; Sec -Treas., ^milius .Jar vis, Toronto,
Canada; Gen'l Mgr., E. F. 8eixas. St.Catherines.— V. 78,
&
&
Elec. Ry., Portsmouth
Is a consolidation of
Newport News Ry.,
Smlthfleld RR. and the Portsmouth Pig's Poim
Ferry
Hotel Co., formerly known as the Norfolk Portsmouth
Newport News Railway Co. under an Act of the General Assembly of
Virginia approved March 29, 1902. Also owns Portsmouth Electrio
Gas Co. and the stock and bonds of the Old Dominion Ry.
Interest. Outstanding. Maturity.
Date.
STOCK
BONDS
Stock, $1,500,000
$990,100
821,000 June 1,1942
1st coll. M., $1,500,000, > 1904 5 g. J.-D.
gold ($1,000)
c&rj Int. at North Amer. Tr. Co., N.Y., Trustee.
Income mtge., $1,000,- ) 1904 5 g. F.-A.
629,000 June 30,1942
8. D. Co., Trustee.
000, gold, non-cum.c&r s Int. at Richmond Tr.
Earnings.— For the year ending June 30, 1904, gross, $275,094;
net, *63,939; fixed charges, $61,538; surplus, $2,361.
Road— Operates 25 miles of track, Including the Old Dominion Ry.
&
&
&
&
&
40
cars.
p.
Vlce-Pres.;
Caldwell Hardy, Norfolk; Sec. & Treas., Wallington Hardy, Norfolk,
Gen'l Mgr., E. C. Hathaway, Norfo k.
(1)
OLD DOMINION RAILWAY
CO.
Organization—Formed Feb.
28, 1901, as a consolidation of the
St. Ry. Co., the Norfolk County Ry. Co., the River Front
the Virginia Equipment Co. See V. 72, p. 481.. Stock and
Portsmouth
RR. Co. and
bonds are owned by the Norfolk Portsmouth
BONDS—
& Newport News Co.
Interest. Outstand'g.
Date.
$2,000,000, $100
Portsmouth SireetRy., 1st) Apr.,'98
Organization— Incorporated in New York State June 3, 1899, as
successor to the Niagara Falls <fe Lewiston, sold at receiver's sale May
23, 1 899. The road extends from Onondaga Street. Lewiston, along the
bank of the Niagara River to the city of Niagara Falls, The line was
formally opened July 1, 1899. The company also controls the franchises of the Niagara Falls Tower Co. the Buttery Whirlpool Rapids
Co., the Niagara Rapids View Co. and the Niagara Whirlpool Rapids
Elevator (io\ Has agreement with the Niagara Falls Park & River Ry.
Co. allowing cars of the Gorge Road to run over that company's lines
across the arch and Suspension Bridges to Table Rock and Dufferin's
Island. Leases the Lewiston & Youngstown Frontier RR.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
Stock, $1,000,000 ($100)
$1,000,000
Niag. Falls & Lew. 1st M., > 1895 5g. J-D
Junel,1925
See text.
$1,000,000 (t-1 .000).. c* < Int. at Knick. Trust Co., N. Y.. Trustee.
Bonds.- The Niagara Falls & Lewiston when sold at foreclosure was
These bonds are
eold subject to the $1,000,000 mortgage above.
owned by the company and hypothecated as collateral for $755,000
bills payable.
Road—Owns 14-4 miles of track from Niagara Falls to Lewiston.
EARNINGS— For year ending June 30, 1904, gross, $104,341; net,
$56,613; interest and taxes, $56,438; surplus, $175
Officers— Pres., Jos. T. Jones; Vice-Pres., Herbert P. Bissell; Sec,
Robert E. Powers; Treas., and Gen. Mgr., Bert. L. Jones, Niagara
Falls.- V. 68, p. 332, 1077, 1133.
"2
NEWPORT
&
Maturity.
$500,000
J-J
142,000
6 g.
Jan. 1918
mortgage $142,000
$ Un. Seo Life Ins. & Tr. Co., Phila., trustee.
Portsmouth Street Ry., 2d ) Apr.,'98 6 g. J-J $100,000
Jan., 1918
mortgage $100,000
S Un. Sec. Life Ins. & Tr. Co., Phila., trustee.
Portsmouth St. Ry. imp. & \ Mar.,'00 6 g. J-J $100,000
July, 1920
ext. mort. $100,000
S Colonial Trust Co., Philadelphia, trustee.
00 5 * JJ $200,000
July, 1930
Colonlal Tru8t Co - Philadelphia, trustee.
tut°by Porfsmoutosi.Ry $
^O^OO^rS^r^and^^''
INTERNATIONAL
Buffalo.
NIAGARA GORGE RR -Electric.
RR
PORTSMOUTH
NORFOLK
NEWS
CO.the Port Norfolk
&
St'k autk.,
and map under
Park, 1 mile; sidings, -2 in.; trackage,
Is leased by the Niagara Gorge
latter
<&
tion.
STOCK
C. Worstall;
NIAGARA FALLS,
N. Y.
TRACTION.-See
(1)
NORFOLK, VA. been
CO.-Has
absorbed
TRANSIT
CHESAPEAKE
in Railway and Industrial Secby Norfolk Southern. See
Officers—President, R. Lancaster Williams, Richmond;
Organization— Chartered Dec. 17, 1896. In 1898 leased the Newtown Langhorn & Bristol St. Ry., chartered in 1895.
Date. Interest. Outstanding. Maturity.
Stock & BONDS—
8tock,auth.,$300,000 ($100).
[Vol. lxxix.
343, 989
ROAD— Owns
18 miles of single track, exclusive of sidings.
Rails
70 lb. girder and 56 lb. T. Has 15 electrio trolley, 4 other passenger,
and 4 flat cars, and duplicate power station.
OFFICERS— Prest., R. Lancaster Williams, Richmond. Va.; Vice-Prest.,
L. R. Watts, Portsmouth; Secretary and Treasurer, Wallington Hardy,
Norfolk, Gen'l Mgr., E. C. Hathaway, Norfolk.— V. 77, p. 147.
NORFOLK RAILWAY & LIGHT.Organization.— On November
2,
1899,
was formed by consolidation
&
of the following: Norfolk Street RR., Norfolk
Ocean View Ry.,
Virginia Electrio Co. and the Berkeley Light
Power Co. The company controls the street railway, eleotrio lighting and power
business of the citv of Norfolk and owns a line of railway and steamers to Old Point Comfort; also owns 4,011 shares out of 5,000 shares of
the stock of the City Gas Co. of Norfolk. On Aug. 30. 1904, the City
Gas Co. purchased the Berkeley Gas Co. V. 79, p. 968.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $1,650,000 ($25)
$1,650,000
Norfolk City 1st M., gold, J 1888 6g. J-J
125,000 Jan 1,1913
$1,000
c{Int. atMer. Trust Co., N. Y. City, Trustee.
Virginia Elec Co. 1st M., < 1898 5 A.&O.
20,000 Apr. 1, 1928.
gold ($1,000)
Tr. Co., N. Y.. Trus.
{Int. at U. S. Mort.
Norfolk Street 1st con.'M.,} 1899 5g. J-J
Jan. 1, 1944
915,000
$1,000,000, g. ($l,000)c. I Int. at Merc. Tr. & Dep. Co., Bait., trustee.
Norfolk Ry. & Lt. 1st con. > 1899 5g. M-N 2,675,000 Nov. 1, 1949
M., $4,000,000, gold, > Interest at International Trust Co., Baltic*) more, trustee.
$1,000, s. f
&
&
&
Bonds— Of the new 1st con. mtge., $1,060,000 is reserved to retire
outstanding bonds, and $265,000 remains available for the future,
to be issued only for additional property, and only upon the consent
of the trustee. Of the +2,675,000 reported outstanding above, S469,000 are held as collateral for notes payable. Sinking Fund begins
Nov. 1, 1909, and provides for the purchaseof 1% of outstanding bonds
each year at 110 or less.
Earnings— For year ending June 30, 1904, gross, $390,480; netf
#112,916; other income, *133.586: total net income, $276,502; less
deductions and adjustments, $11,087: balance of Income, $265,415;
taxes and interest, $216,607; surplus, $48,808.
Road and Equipment.— Owns and operates 53*10 miles of main line
and 17-41 miles of second track; total, 54-08 miles. Gauge, 5 ft. 2*4
62 passenger cars, 10 freight cars, 2 other oars, 1
in. and 4 ft. 8 1* in
power station; also owns two steamers, which operate to Old Point
Comfort and extensive real estate and buildings at Ocean View, including large hotel, theatre, pavilion, restaurant, etc, which are leased for
the season at $12,000.
OFFICERS— President, R. Lancaster Williams; Vice-Pres. &Gen. Mgr.,
E. O. Hathaway; Seo.-Treas., W. J. Kehl.— V. 78, p. 1276; V. 79, p. 270,
;
968.
NEWPORT
NEWS AND OLD POINT RAILWAY
& ELECTRICin 1898 purchased
Newport News Hampton &
the
Orqanization.—
& Power Co. at
Hampton, Va. Later acquired the Citizens' Ry. Lt. & Power Co.. the
Newport News (Jas Co the Norfolk & Atlantic Terminal Co. and the
Old Point Railway and acquired tue Chesapeake Light
,
Danville Ry. & Electrio Co. Controls the eleotrio lighting, power, gas
and ice business In Newport News, Hampton, Old Point and Phoebus.
Date. Interest. Outstanding.
Maturity.
Bonds—
STOCK
Com.,$l,075,000f($100>
$1,075,000
Pref.,5p.o.cum. ($100)
725,000 July 2, '02, 2^%
5 J.-J.
900,000
Nov. 1, 19H8
5 g M-N
1st M., $900,000, gold, ) 1898
($1,000 each)c*...
J Int. at Alex. Brown & Sons, Baltimore, Md.
&
.
Ry.Lt.&Pow. (1900 5g.M&N
May 1, 1940
675,000
$800,000 ($1,000), g.c*
Md. Trust Co., Baltimore, Trustee.
Int. at Alex. Brown & Sons, Baltimore.
Guar. prin. and int..
March 1, 1941
5 g M-S $1,700,000
Gen. Mort., $4.000 000* 1901
1st M.Cit
•
i
gold ($1,000 each) o*
]
Int. at Alex. Brown <fe Sons, Baltimore,
York.
or at Co.'s agenoy in
New
Md.,
Bonds—The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News & Old Point Ry & Eleot. The Newport
News bonds of 1898 are subject tooall at 110 on any interest day at 60
days' notice, and so are the bonds of the Citizens' Co. The latter are
guaranteed by the Newport News Ry. & Eleot. Co.
Of the $4,000,000 General Mortgage bonds, $1,700,000 have been
Issued; $1,575,000 are reserved by the trustee to take up at maturity
the outstanding bonds of the Newport News & Old Point Ry. and the
Citizens' Ry. Lt. & Power Co., and the remaining $725,000 are for additional property, improvements, etc In addition to the mortgage
lien, bonds are secured by a deposit of the bonds and stocks of the
Citizens' Ry. Lt. & Power Co.. Newport News Gas Co., Norfolk and
Atlantlo Terminal Co. and Danville Ry. & Eleot. Co.
'
STREET RAILWAYS.
Oct., 1904]
&
Power Co. .operates 30
Road.— Inoluding Citizens' Railway, Light
miles of track.
OFF'CERS— Pres Wm. J. Payne, Richmond; Vioe-Pres., George A.
Schmelz, Newport News; Seo'y, D. C. Zolllekoffer, Richmond; Treas.,
W. L. Schmelz; Gen. Man., W. W. Carr; Auditor, F. von Sohilling.—V.
77, p. 147, 824.
,
NORTH ATTLEBOROUGH, MASS.
ST- RY.-
INTER-STATE CONSOLIDATED
Organization— Organized as successor in Massachusetts to the InRhode Island.
Outstanding. Maturity.
Date. Interest.
STOCK & Bonds—
$275,000
Stock, $275,000, par $100
ROAD— Owns 20*53 miles trolley track and 1*10 mile sidings,
etc., from Main Street, Pawtucket R. I., to North Attleborough,
Total operated
Mass., Hebronville, Dodgeville and Attleborough.
ter-State Consolidated of
(inoluding track outside of Mass.), 21-63 miles.
Earnings— For year ending Sept. 30, 1903: Gross, $152,611; net,
$34,820; taxes, $7,246; surplus, $27,574.
OFFICERS— President, Marsden J. Perry, Providence, R. I.; Secretary, C. S. Sweetland; Treasurer, C. A. Babcock, Providence, R. I.;
General Manager, A. T. Potter.— V. 73, p. 236.
Northampton!" mass.
NORTHAMPTON STREET
RAILWAY-A
trolley road.
Organization— Chartered Feb. 26, 1873.
Date. Interest. Outstand'g. Div'nds,<£c.
STOCK, Bonds, Etc.—
J-J
$300,000 f.p.See text
Stock, $300,000, par $100
Apr. 1, 1909
(1888 5A-0 25,000
&
at Springfield S. D.
Tr. Co.,
Springfield, Mass.
New mortgage, $200,C00.... 5 1900 4*s J-D 200,000 June t, 1910
c. {Int. at 3d Nat. Bank, Pittsfield, Mass.
($10,000)
188,000
Loans and bills payable Oct. 1,1903
Bonds.—The new mtge. 4*2 p o. bonds can be called at par in 1905
upon 60 days' notice. Trustees are Erwin H. Kennedy and Ralph B.
Bardwell, both of Pittsfield.
Dividends— 1901. 8 p. c; in 1902, 8 p. c; in 1903, 8 p. c: in 1904,
Jan., 4 p. c; July, 2 p. c.
Road— Operates 26"26 miles of track, including extension to Hol-
lstM.,notsubj.tocall($500)o}lnt
(
yoke and extension from Md. Tom Junction to Easthampton. Operates
44 passenger cars, 4 snow plows and 110 electric motors.
Annual Report—For years ending Sept. 30 earnings have been
1903
1903.
1902.
1902
Gross
$151,031 $144,846 Bal. for div'nds.. $20,653 $20,508
24,000
24,000
50,618
Net
47.323 Dividends
29,965
26,815 Bal. for year. .def.3,347 def.3,492
Int., tax., etc..
OFFICERS—President, John Olmsted, Springfield Secretary, H. P.
Field, Northampton; Vice-President and Treas'r, N. D. Winter, Spring.
;
field
;
Supt.,
Edwin
C. Clark,
Northampton.— V. 70,
p. 842, 1049.
NORTHAMPTON & AMHERST STREET
RY.-A trolley road.
Organization—Incorporated in 1899. Commenced Jan. 22, 1900.
Date.
Interest. Outstand'g.
Maturity.
STOCK & BONDS—
Stock, $180,000. $100
$180,000
1st M., $180,000, gold,) 1900
180,000
Sept. 1, 1920
5 g. M&S
(*l,000)
c s Int. at Old Colony Trust Co., Boston, Trustee.
Bonds—Subject to call after Sept. 1, 1910, at 105 on 4 weeks' notice.
ROAD—Owns and operates 14-843 miles of track ( inoluding sidings),
from Northampton to Amherst and Hatfield. Will connect with Greenfield Deerfleld & Turners Falls St. Ry.
EARNINGS— For year ending Sept. 30, 1903: Gross, $56,746; net,
$12,704; charges, $12,56 J; surplus, $143.
OFFICERS—President, F. S. Coolidge. Fitchburg; Vice-Pres., B. E.
Cook, Northampton; Treas., Philip Witherell, Northampton; Gen. Managers, Crosby & Coolidge.— V. 71, p. 544, 964; V. 72, p. 1136.
NORTON, MASS.
NORTON & TAUNTON STREET RAILWAY
—Trolley.
This is a consolidation of the Norton & Taunton Electric, the
Norton & Attleborough Street, the Mansfield & Norton Street, and the
Mansfield & Easton. Stock, $297,000. 1st mort. 5% gold bonds, $296,000, due May 1, 1920.
ROAD—Owns 30 miles of track; gauge, 4 ft. 8*2 in.; 56 and 90 lb.
T and
Operates 36 motor cars.
girder rails.
EARNINGS— Forjyear ending Sept.30,1903, gross, $48,282; net, $6,617;
Interest and taxes, $17,719; deficit, $11,101.
OFFICERS—President, Daniel Coolidge, Lorain, O.; Vice-President,
G. L. Wetherell, Boston; Treasurer, A. H. Sweet; Supt. and Purch.
Agent, R. W. Hewins, Norton.— V. 70,
p. 1049.
NORWOOD, MASS.
NORFOLK
&
BRISTOL, STREET RAILroad.
WAY—An
electric
Organization— Incorporated under Massachusetts laws in 1901, as
successor by purchase at foreclosure on Oct. 8, 1901, of the Norfolk
Southern Street Ry.
STOCK
&
Commenced
Bonds—
Date.
operations Nov. 15, 1901.
Bate.
Outstanding.
Maturity.
Stock, S200.000 ($100)
*%S$S6F!?:S.\
$200,000
1901
....
NoneOct.,1904
Road—Owns 21
miles of track, connecting Norwood, Mass., and
Mansfield, Mass., with two small branches; inoluding also extension
from Foxboro to Wrentham, 3*2 miles. Owns 23 cars.
Officers— President, E. D. Codman, Boston; Treas., H. F. Smith,
Boston; Managers, Stone & Webster, Boston Gen. Mgr., E. J. B. Huntoon, Canton Jet., Mass.— V. 73, p. 338, 723, 843, 1112, 1160.
;
OAKLAND, CAL.
OAKLAND
TRANSIT CONSOLIDATED-A
road.
trolley
In Sept., 1904, the Oakland Traction Co. was incorporated, with
$7,(50,000 stock, as a consolidation of the Oakland Transit Consolidated and the Webster Street & Park Ry. See V. 79, p. 1462.
Organization—This company is a consolidation on Mar. 29, 1902, of
the Oakland Transit and the Oakland San Leandro & Hayward's
Electrio Railway Consolidated. Controlled by *' Realty Syndicate."
Comprises practically all the street railways doing business in
Oakland, Alameda, Berkley and County of Alameda. On April 27,
1901, began using power furnished by the Bay Counties Power Co.,
which power is generated by the Yuba River and transmitted the 140
miles by copper cables. Franchises average about 40 years from 1902.
Date. Interest,,
Maturity.
STOCK db BONDS—
vaisiand'g.
Stock, $6,900,000
$6,900,000
1
1902
5 *•
1,846.000 Julyl, 1932
Oaklfnd^Tra^CoT^
Ulllon Tru8t Co - San Francisco, Trustee.
l
g.Vs! f
™
($1,000) ..... 6 5
&
Stock
1565
Oakland Transit
Bonds—
Date.
Co.
Interest.
1898
6 g J-J
1st M. Oak. Tr. $1,400,000 J
Interest in New
g., s.f., not sub. to call..c* j
Outstanding.
Maturity.
$1,400,000 July 7, 1918
at California Safe
York or
Deposit & Trust Co., trustee.
5 g J-J
1,600,000 July 1, 1931
Mercantile Trust Co., San Fran., trustee.
$3,000,000 ($l,000),g..c* Int. pay. at N. Y.,
S. Fran, and Oakland.
Bonds— Of the new consol. mortgage of 1902 $3,500,000 are reserved
for prior liens and the balance ($1,654,000), was previously reserved
for extensions and improvements, but shareholders voted on June 17,
1904, to cancel this $1,654,000 bonds. See V. 7H, p. 2385. A sinking
fund for these bonds commences in 1903 and ranges from $10,000 to
S250.000 per year, which will retire at maturity $4,000,000 bonds.
Bonds not subject to call, but may be purchased for sinking fund in
open market. Of the$3,000,000 1st consols Oakland Tr., $1,400,000
reserved to retire underlying liens at maturity. A sinking fund commences on these bonds in 1912 which will retire or provide for $2,020,000 of the bonds on or before maturity. Interest on both consol.
mtges. is payable at Wells, Fargo & Co. Bank in New York and San
Franoisco and at company's office in Oakland.
Oakland San Leandro <£ Haywards Electric By.
Interest.
Outstanding.
Maturity.
Stock
BONDS— Dale.
Oak.San Leandro & Hay. ) 1892 6g M-S
$250,000 Mar. 1, 1922
Ry.lstM.g. ( $1,000.).. J Interest is payable by check.
23d Ave. Ry. 1st mort., J 1893 6g M-8 15
$250,000 Mar. 1, 1923
gold ($1,000)
J Interest is payable by check.
Mortgage trustee is the California Title Ins. & Trust Co., San Fran.
Bonds— Both mortgages have sinking fund commencing ten years
after date and increasing from 2 per cent vearly (of total bonds outstanding) for the first five years to 8 per cent for last five years. The
bonds are not subject to call before maturity.
Earnings of combined properties for calendar year 1903: Gross,
$1,137,041; net, $554,976: charges, $286,594; bal., sur., $268,382.
Road— 144 miles of trolley, extending from Oakland to Alameda
Berkeley, Fruitvale, East Oakland, San Leandro and Haywards.
OFFICERS—President, E. A. Heron; Treasurer, F. C. Havens; Sec,
Samuel J. Taylor; Ass't. Sec, F. W. [Frost; General Manager, W. F.
Kelly.- V. 78, p. 2385; V. 79, p. 1462.
1st con.
s. f.
1901
M. Oak. Tran.
&
OGDENSBURG, N. Y.
TRANSLAWRENCE
PORTATION CO. GAS,ELECTRIC &
ST
Organization.—Tnis company was incorporated in New Jersey
and controls, through ownership of stock, the Ogdensburg Street Ry.,
Ogdensburg Gas Co. and the Ogdensburg Power & Light Co., and
guarantees both prin. and int. of the bonds of the former two. The collateral trust bonds were issued for the purpose of taking up the outstanding remainder of the shares and bonds of controlled companies.
Maturity.
Date.
Interest. Outstanding.
STOCK & BONDS—
$1,000
400,000 July 12, 1920
c*5 Int. at North Amer. Tr. Co., N. Y., Trustee.
($1,000) gold
No sinking fund and bonds cannot be called.
OFFICERS—Chester Snyder, President.
Stock, $400,000 ($100)
Coll. tr. mtge.,
(1)
$400,000) 1900
5
g.
J-J
OGDENSBURG STREET RY— A
trolley road.
Lawrence Gas, Electrio & Transportation Co. owns
the stock and all of the bonds of the Ogdensburg Street Ry.
Organization.—Chartered Dec. 22, 1885.
The
St.
Stock
&
Bonds—
Date.
Outstanding.
Interest.
Stock, $150,000 ($100)
1st mort. ($500, &o.) )
all of
Maturity.
$150,000
150,000
Sept. 2, 1925
1895
6 M-8 2
West End Trust Co., Philadelphia, trustee.
ROAD— Owns 10 miles of track, laid with 52 and 48 lb. T rails.
EARNINGS—For year ending June 30, 1903: Gross, $29,201; net,
$1,786; charges (including 2 years' unpaid interest on bonds), $18,000;
$150,000
floating debt paid
S
off,
$17,001;
OIL,
deficit,
#33,215.
CITY, PA.
POWER &NewTRACTION
COVENANGOIncorporated
Jersey and
a consolidation
in
is
ORGANIZATION.of all the electric railways in Venango County, Pa., viz., the Citizens'
Traction Co., Oil City Street By. Co., Oil City Rouseville & Franklin
Power Co., Franklin Electrio Ry. and Station
Ry., Citizens' Light
Ry. Co. Furnishes lights to the towns along its line.
MaturityDate Interest. Outstand'g.
BONDS—
STOCK
StocK, $1,000,000 ($100)
$1,000,000
1,000,000 July 1, 1931
1st mortgage, $1,000,000, ) 1901 5 g. J.-J.
gold ($1,000)
Int. at Colonial Trust Co., N. Y., Trustee.
o* S
Bonds.—All bonds and stock of constituent companies are pledged.
Bonds are subject to call on any interest date prior to 1911 on 30 days
notice at 115 and interest and thereafter at 105 and interest.
&
&
Earnings— For year ending June 30, 1904, were: Gross, $236,839,
against $223,945 in 1903.
ROAD— Operates 32 miles of track in and between Oil City, Franklin,
Rouseville, Reno, Sage Run and Silverly Boro. 65-lb and 70-lb T and
girder rail. Company also owns Monarch Park. Has 54 passenger, 9
construction cars.
OFFICERS— President and Manager, Daniel J. Geary; Vice President,
Wm. Hasson; Secretary and Treasurer, Wm. B. Filson.—V. 76, p. 267
OKLAHOMA*CITY, OKLA.
OKLAHOMA
CITY. RY. CO.-A
-Incorporated
1904, and was successor
ORGANIZATION
in
1904, to the Metropolitan Ry. Co.
clusive on streets occupied.
trolley road.
in June,
City franchise perpetual, and ex-
&
Maturity.
Outstanding.
interest.
Date.
Stock
Bonds—
Stock. $.,000,000, $100
$1,000,000
July
1, 1934
350,000
1st M., $1,000,000, g., > 1904
5g J-J
Pittsburgh, Trustee,
($1,000)
S Int. at Iron City Tr. Co.,
Bonis.— $650,000 are reserved for future exten-ions and improvements at 90 per cent of value, and issuable only when net earnings
are double interest charges, lnclading interest; on bonds to be issued.
Are subject to call in any amount at 110 on and after July 1, 1914.
See V.79, p. 213.
EARNINGS- For 12 months ending May 31. 1904, net, $33,605.
Road— Operates 11 miles of track in Oklahoma City and suburbs
and has 4 miles additional under construction.
OFFICERS -Presi lent, Chas W. Ford; Secretary, H. M. Brauer; Treasurer, G. H. Brauer.— V. 79, p. 213.
OLE AN,
N. Y.
road.
RY.-A
THE OLEAN STREET
1880. In January, 1899,
March
trolley
t
1,
Organization— Chartered
present management took charge. Leases the Shinglehouse RR.
Maturity.
Interest. Outstand'g.
Date.
STOCK & BONDS—
Stock, $300,000 ($100)
Shinglehous«i RR. 1st
1st mortgage, $225,000,
o*
($1,000), gold.
M
--
5
X
$300,000
60,000
225,000
Nov. 1,192 9
1899
5 g. M-N
Interest at FidelityTrust Co.,Buffalo,Trust.
STREET RAILWAYS.
566
[Vol. lxxix.
Maturity. at 107^ and interest. 8inking fund begins on May 1, 1905 and con$53,500 Nov. 1. 1914 sists of 1% of total of bonds outstanding. In cash or bonds at par. See
V. 76, p. 356, for sale of bonds at auction.
o* Interest at Fidelity Trust Co., Buffalo.Trust.
($1,000), gold..
1st exten. M., $130,000 1901
130,000 Aug. 1, 1931
5g. F-A
Road.—Operates 68 miles of track between Oneonta, Cooperstown,
($1,00.') gold
o* Int'st at Fidelity Trust Co., Buffalo, trustee.
Richfield Springs and Mohawk, at wh'ch latter point it connects witk
1905.
in
Cannot be called
Sinking fund of $2,0o0 commences
the Utica <fe Mohawk Valley Ry Rails, 60 to 90 lbs 37 cars.
2d extension mortgage, J 1901 "5g.F-A/j
25,000 Aug. 15, 1931
OFFICERS— President, Edward C. White; Secretary, Chas. V. D. Peek;
$25,000 ($1,000) g..c* I Int'st at Fidelity Trust Co., Buffalo, trustee. Treasurer,
Herbert T. Jennings, 206 Broadway, New York.— V. 74, p.
Bonds can be called at any interest date on 30 days' notice. 988; V.
76, p. 1356; V. 77, p. 37; V. 78, p. 1168.
Bonds Sinking lund on 1st mortgage of 1899 became operative in
Nov., 1901, $4,000 being paid annually; $12,000 bad been paid to Nov.
1, 1903. Bonds cannot be called. A sinki> g fun^i on the 1st mtge.
extension bonds became operative Aug. 1, 1903; $2,000 lias been paid
CO.-A trolley road.
into this fund to Oot. I, 1904.
This is a reorganization in 1900 oftheCitlOrganization,
Etc.—
Year
to
June
1904:
net,
$49,859;
30,
Gross, $102,717;
Report—
sens' Traotion Co. Incorporated under the laws of Wisconsin.
oharges, $29,651; bal., sur., $20,208.
Population served (estimated) 1900, 50,000. Franchises run to 1932.
Road— Owns and operates 30 miles of road, from Olean to PortDate. Interest. Outstand'g. Maturity.
STOCK
BONDS—
ville, Allegany, Bolivar and Shinglehouse, Pa.
Stock, $650,000
$650,000
W.
EPres't
Vice-Prest,
&
Treas
Wilson
R.
Page.
Olean;
629,000 Apr. 1, 193*
OFFICERS—
let mortgage, $900,000, J _, 1900 5 g. A-O
Wheeler, Portville; Bee. & Supt., Irving W. Miller, Olean.— V. 73, p. 495.
America,
N. Y., trustee.
gold, $1,000
of
(Trust
Co.
c*
Bonds— $271,000 are reserved for future purposes. Bonds are redeemable at 110 and accrued interest, upon six weeks notice.
ORGANIZATION.—Incorporated in New York on June 22, 1897.
Latest Earnings— For year ending Dec. 31, 1903, gross, $128,297;
Stock
2d
&
Bonds—
mortgage,
Date.
$60,000,
5
Outstanding.
Interest.
189U
5
g.
M-N
-
;
—
OSHKOSH, WIS.
WINNEBAGO TRACTION
&
,
OLEAN ROCK CITY &BRADFORD
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
RY.
Maturity.
1902 03,4%
May 15, 1920
> 1900
5g.M N/5
gold
{Interest at Amer. Loan & Trust, Boston
Notes payable June 30. 1904
$40,891
Dividends.— In 1902-03, 4 per cent. None tince.
Earnings—For fiscal year ending June 30, 1904 Gross $53,546;
Stock, $210,000 ($100)
1st mortgage, $200,000,
$210,000
200,000
net, $9,248; other income, $10,397; charges, $13,420; surplus, $6,225.
Road— Operates 18 86 miles of track, connecting points named in
the title; 45 to 60 lb. T rails. Operates 8 cars.
OFFICERS— Presidert, H. L. Pierce, Leominster, Mass.; Secretary and
Treas.. C. E. Hudson, Bradford; Supt., J. W. Barnes. Office at Brad
-
ford, Pa.
OMAHA, NEB.
OMAHA & COUNCIL BLUFFS STREET RY.
—A
trolley road.
Organization.— Incorporated in Nebraska. Owns
erated by Omaha 8treet Ry. Co.: leases the Omaha
lines formerly op& Council Bluffs
Ry. & Bridge Co. in council Bluffs, Iowa, together witti its bridge over
Missouri River, rental being for 190304 $30,<K)0; 1904 05. $45,000;
1905-06, $45,00f 1906-07 and thereafter $60,000 per annum, in addi-
In 1904, $106,159.
Road— Owns
38 miles of road, 15 miles in Oshkosh, 15 miles of inter-
urban road running to Neenah and Menasha. and 8 miles to Omro
Pres. and Gen. Man., E. E. Downs, Oshkosh; Vice-Pies., H. I. Weed;
Sec, A. H. Ostrom, New York; Treas., S. M. Rothermel.— V. 74, p. 885.
OSSINING, N. Y.
-A
WESTCHESTER TRACTION.
mereer on Feb.
trolley road.
17, 1902, absorbed
Organization—This company,
the Ossining Electric Ry., which was chartered June 7, 1893.
Outstand'g. Maturity.
Interest.
Dale.
STOCK and BONDS—
8tock, $1,500,000 (*100)
$300,000
See text. Apr. 1, 1932
1st mort., $1,500,000, g. ) 1902
5g. A-O
c&r S N. Y. Security & Trust Co., N. Y.. Trustee.
($1,000)
Ponds.— Of the 1st mortgage bonds, $206,000 are in hands of public,
$394,000 are held by the Construction Co. and $900,000 are reserved
for extensions.
Road— Owns about 3 miles of road and power house in Ossining.
50 miles in all proposed to various places in the county.
OFFICERS— President, J. M. Cronly, New York; Vice-Pres.. C. E. Lent,
Phlla.; Seo'y and Treas., C. D. Maleady, Ossining, N. Y.-V. 76, p. 867..
;
tion to all fixed oharges.
Stock
&
Bonds—
Date.
Interest.
Com. .$10,' '00,000, $100.
Outstanding,
$5,000,000
Maturity.
Pf.5% cum.. 'rom Jan.l,
4,000,000
May 1, 1914
1889 5g. M.-N
$2,500,000
M., $2,500,000, gold. \ Interest at Farmers' Loan <& TrustCo., N. Y.
Om. & C. B. St. Ry. 1st 1 902
5g. J-J
4,850,000 Jan. 1, 1928
con. M.. $10,000,0 0,
Int. at Morton Trust Co., N, Y. Trustee.
g. ($1,000) no s. f....o*5
STOCK
Bonds— $5,000,000 common and $1,000,000 preferred
stock are set aside for additions and improvements.
Of the new
$10,000,000 mortgage, $2,500,000 is reserved to retire alike amount
of Omaha Street Ry. bonds. Remainder reserved for extensions and
improvem'ts at 85% of cost. The $10,000,000 consol. bonds are further
secured by deposit of $900,000 of the Omaha & Council Bluffs Ry. A
Bridge Co. f rst consol. 5s.
ROAD.— Owns 94-98 miles of track, being all the street railways in
Omaha and South Omaha, Florence, Bens»n and Dundee, Neb. Also
by lease or stock control receives the earnings of all street railways
in Council Bluffs, la. (31-97 miles), inoludlng the Omaha <fe Counoil
Bluffs bridge, making total operate! or controlled 126-95 miles.
OFFICERS— Pres., Frank Murphy; Vice-Pres., Guy C. Barton; 2d VloePres., M. 8. Hopkins; sec, R. A. Leussler; Treas. and Gen. Man., W.A.
Smith; Bupt. and Purch. Agent, F. A. Tucker.— V. 75, p. 1302, 1400.
'04. $5,O00,Ouo,$10O. {
Om. St. Ry. 1st consol. /
J
&
OMAHA & COUNCIL BLUFFS RAILWAY & BRIDGE—
(1)
Organization— Incorporated
in Iowa.
An
Is leased
of lease see state-
electrio road.
to the Omaha & Council Bluffs Street Ry. For terms
ment of the latter above. Owns entire capital stock of the om. Counoil
Bluffs <fc Suburban Ry. and the Lake Manawa & Manhattan Beao* Ry.
The $600,000 mortgage of the former company made to the Royal Trust
Co. of Chicago and Albert E. Johnson, as trustees, is all held by the
Ry.
Bridge Co. Lake Manawa A Manhattan Beach has no funded debt.
Date.
Interest.
Outstanding.
Maturity.
Stock <fc Bonds—
Common, $1.5oo,i>00 .
$1,500,000
&
Pf.,4%cum. from Feb.
1, '07, $1,500,000 ..
1,500,000
1st mort. (see below)
1888.
6gJ-J
400,000 Jan. 1, 1908
gold,$l,000.sinking Subject to call at 110 in 1899.
fund, $500,000... 0* Int. at Mercantile Trust Co.(trustee), N.Y. Cltv.
letooi.sol.M. $2,000,-j
1902
5 J-J
See text
Jan. 1, 192S
000 ($1,000)
c'j Int. at Central Trust Co., N. Y., Trustee.
'
Bonds guaranteed—
1889.
St. Ry.
5gJ-J
$250,000
July 1, 1909
1st M. $250,000 gold [Subject to call at 106 in 1899.
$1,000 guar. p. & i. [Interest at Mercantile Trust Co., trustee, Ne^»
(end. (sinking fund o*
York City.
Council Bluffs
")
OSWEGO
OSWEGO,
N. Y.
TRACTION.-Trolley.
Incorporated at Albauy June 1, 1899, as successor
Riverside, sold
Street Railway and the Lake Ontario
at foreclosure April 10, 1899, according to plan in V. 65, p. 278, but
not torn) ally turned over to the new company until Feb. 1, 1900.
Charter perpetual.
Date. Interest. Outstand'g. Maturity.
Stock and Bonds—
Stock, com .$200 000 ($100)
$200,000
4
Pref.,$ 100,000, non.cu .($100)
100,000
1st mortgage,$100,000, gold, } 1899 5g. J-D
97,000 June 1, 1929
$1,000
* Trustee, Knickerbocker Tr. Co.,N. Y.-
Organization
to the
&
Oswego
3M8
1899
*19 1,000 June 1, 1929
Knickerbocker Trust Co., trustee.
Road— 11 Smiles of track. Rails, 45 to 109 lb. standard gauge
Operates 26 cars.
Earnings Year ending June 30, 1904, gross, $47,178; net, $13,970;
2dmtce
za mtge.,
<K200 000^5001
(tsoo)...
$,200,000
$
^
charges, $13,767; surplus, $>03.
OFFICERS— Pres.. 8. M. Coon; Vice Pres., Charles A. Tanner; Treas.
James P. Doyle; Sec, Dan'l A.Wllllams-all of Oswego.— V.75, p.1355,
ILLINOIS
road.
OTTAWA,
ILL.
VALLEY RAILWAY CO-A
trolley
ORGANIZATION— Was formerly known as the Illinois Valley Traetion
Company, but was i-ucoeeded by the Illinois Valley Baitway Company,
a new corporation, in 1904. The latter Is organized under the
steam railroad law, and has power of condemning property for right
of way. The Railway Co. expects to create a new bond issue in
exchange for the issue of Traction Co. bonds given below. On May 1,
1903, the Illinois Valley Traction had acquired the Ottawa Marseilles
& Morris River Ry.
STOCK
&
BONDS—
Date.
8tock, $100,000 ($100)
I. V. Trac. 1st M., $1,000,000,
gold. $1,000
Interest. Outstand'g.
Maturity.
$100,000
1903
5g. M-N See text. May 1,1923
Portland Tr. Co., Portland, Me., trustee.
Bonds—$450,000 bonds are in the hands of the public and $550,00*
issued as collateral for loans. Are subject to call at 105 on any interest
(
(
date.
Road— In operation La Salle to Ladd, 1 1 -9 m.: in La Salle City, 3*8
m.; Marseilles to Utica, 16-72 m.— total, 32 42 miles. Connecting link
between Utica and La Salle, 424 m., is completed, with exception of
one-half mile in La Halle.
OFFICERS— President, W. B. MoKinley, Champaign, 111.; Vice Pres.,
Geo. F. Duncan. Portland. Me.; Seo'y. & Treas., Edward Woodman,
Portland, Me.-V. 76, p. 1192.
J
UUcks ana Bonds— Of the new l8tconsolmort.for$2,000,000, $900,000
are deposited as part security for the bonds of the Omaha & Council
Blufts St. Ry., $650,000 are reserved for prior liens and $450,000 for
improvements, of which latter none had been issued in Sept., 1904.
Tie $100,000 first ts unissued are deposited as security for the O. 4
C. B. Ry. & Bridge consol. 5s, as also are *>600,000 bonds of the Omaha
Counoil Bluffs & Suburban Ry. The sinking fund on the first 6s was
$20,000 yearly till Jan. 1, 1899, and thereafter $30,000.
Road— Operates 31 '97 miles of track, including the traokage of the
Omaha Council Bluffs & Suburban Railway and the Lake Manawa &
Manhattan Beach Ry., comprising the entire street railways of Council Bluffs.
Also owns bridge between Omaha and Council Bluffs over
the Missouri Ri er.
Millard; Vice-President, Geo. F. Wright;
Officers— President, J.
8ec, C. T. Stewart Treas.. E. E. Hart.- V. 77, p. 37.
1
H
;
ONEONTA,
N. Y.
ONEONTA COOPERSTOWN
& RICHFIELD
road.
SPRINGS RY— A
trolley
On July 4, 1903, Herbert T. Jennings was appointed receiver in sequestration proceedings and is still in charge. V. 77, p. 37. In March,
1904, Myron A. McKee was appointed co receiver. VT 78, p. 1168.
Organization.- Incorporated in N.Y. Originally chartered on July
SO, lh97, as the Oneonta
Otego Valley RR., but name changed to the
above on Deo 10, 1900.
Interest.
Outstanding.
Date.
Maturity.
STOCK
Bonds—
Stock, $1,500 Oi 0($100)
$1,464,000
New lstM., .+ 1,500,000 i 1902
5 g. M-N
1,364,000
May 1, 1942
gold ($1.000),
Int. at Knickerbocker Tr. Co., N.Y., Trustee
c* S
Bonds- Of the $1,500,000 bonds, $750,000 was used to retire the old
first mortgage bonds of like amount.
Can be called any Interest date
&
&
NORTHERN
ILLINOIS LIGHT & TRAC-
TION CO.— A trolley road.
Organization —Incorporated in Illinois and is successor in July.
1903, to the Ottawa Railway, Light & Power Co., sold under foreclosure. Franchise perpetual for lighting and until Mar 1919, for railway.
Has contract for city lighting.
OuMan.iV a. Maturity.
Date.
Interest.
Bonds—
Stock
$250,000
Stock, $250,000 ($100)
225,000 July 1, 1923
5 g. J-J
1st mortgage, $1,20 ,000, ) 1903
.0Co., Boston, Trus.
gold ($500 & $1 000)
S Int. at Am. Loan & Tr.
are
reserved for future use. No sinking fund and
Bo>'dt. -$975,000
,
&
bonds cannot be
called.
Road and Plant— Operates about
8 miles of line, covering the principal streets of Ottawa, and also runs out of the city to Ellis Park, a
pleasure resort on the Illinois River. Also has extensions from Ottawa
to Chautauqua Park. Equipment, 11 motor and 7 trail cars. Has both
steam and water power plants for generating power, which can be
operated independently if necessary. Is supplying 150 enclosed arc
under city contract and 87 for commercial lighting. Also 9,322
incandescent lights and one 200-k. w. and one 300-k. w. alternator for
lights
street lighting.
OFFICERS-— President, E. W. Rollins, Boston; Vice-Pres., G. H. TaySecretary and Treas.. J. S. Pishon; General Man., Louis W. Hess,
Ottawa. Ill.-V. 76, p. 436. 1144,1192; V. 77, p. 251.
lor;
OTTUMWA,& IOWA.
LIGHT iCO.-Trolley.
OTTUMWA TRACTION
successor
theottumwa KleotrloA steam, whioh
Organization— Is
to
turn succeeded the Ottumwa Eleotrlc Ry. Co. Franchises for
street railway, electric lighting and steam heating plants were extended by munioipal election on July 8, 1901, for a period of 25 years.
In
——
;
STREET RAILWAYS.
OCT., 1904.]
'STOCK & BONDS—
Common. $550,000
Date.
Interest.
Outstanding.
Maturity.
See text.
$340,000
200,000
See text.
5
Pref $200,000 5% non-ou
Oct.
A-O
40,000
1901
5
g.
1, 1921
1st mort. $500,000 ($1,000))
0' S Iut. at U.S. Mort.&Tr. Co., N. Y., Trustee.
gold, 8. f
Bonds— Ot the authorized issue of $500,000, $160,000 are reserved
for extensions and betterments to the extent of 75 p. o. of cost, provided net earnings for year preceding equal double the amount of in.
terest on old an'i proposed bonds. But at least $75,000 must first be
expended on property. Bonds can be called after Oct. 1, 1911, at
105 and interest and each year thereafter at *2 per cent less. Bonds
numbered I to 20 may >e redeemed at 105 and int. after Oct. 1. 1907.
Sinking fund of $5,000 bonds annually is operative from 1907 to
1909, and $8,000 bond* annually from 1910 to 1920. Proportionate
8. f. is provided for the $160,000 res rved bonds as they are issued.
Divi<tends Is paying 5 p. o per annum on preferred stock and 3
.
:-
annum oncommom
stock.
to Sept. 30. 1903. gross, $149,063; net. $G0,847.
Road— Operates lHa miles of trolley road in city of Oitumwa, Iowa.
Weight of rails, 60-lb. T. Standard guage. Also does municipal, commercial and residence electric-lighting; supplies electric power for
stationary mot rs, etc., and operates a system of steam heating, with
3*3 miles of mail s.
Officers— President, J. H. Merrill; 1st Vioe-Pres., G. W. Wattles.
Omaha; 2d Vice-Pres., Samuel Mahon; Sec, J. B. Sax; Treas.. J.
Garner; Gen. Man., J. F. Springfield— V. 74, p. 95; V. 78, p. 584.
p.
c.
per
Earnings- Year
W
OWENSBORO, KY.
CITY RAILROAD-A
OWENSBORO
July, 1904.
road onangoa hands
Control
trolley road.
V. 79, p. 270.
in
01 this
Stock
&
1567
Bonds—
Stock, $450,000
1st mortgage, gold..
....
Connol. mtge
Date.
1933
$150,000
1942
450,000
Road.— Operates 41 miles of track, including an extension of 12
miles to Marietta. Uses bridge of the Ohio River Bridge <fe Ferry Co.
between Marietta, Ohio, and WilliaiuHtown, W. Va. Hce V. 77, p. 1747.
OFFICERS-— President, C. H. Shattuck.— V. 77, p. 1747.
1898
1902
5
PEEKSKILL,
Peekskill Lighting Co on July
subsequently purchased the Peekskill Gas Light Co. and
Power
Light
Co.
Electrio
&
Name
changed as above upon
Peeksklll
purchase of the Peekskill Traction on Aug. 31. lwOO. Comprises all
the gas electric light, power and street railway interests of Peekskill.
Franchises of electric-light plants and railways are perpetual. Gas
franchises liberal. On Feb. 9, 1904, the issue of $150,000 6 p. c pref.
stock was authorized, of which $90,000 has been sold.
Date.
Interest. Outstand'g,
Maturity.
Bonds—
Stock
$350,000
Com.. $500,('00 ($100)
Organization— Incorporated as the
12, 1900;
&
90,000
Pref.,$150,000,6%,cum
1st mtge., $750,000 ) 1900
5 g. A-O
575,000
Oct. 1, 1930
($1,000) gold, S.F...C* s Int. at N. Y. Sec & Trust Co. N Y., Trustee.
Loanspayable June 30, 1901
$60,000
Bonds— Whole issue (but no fractional part) can be redeemed on any
interest date at 110 and interest after Oct. 1, 1905. Sinking fund is
provided at the rate of $10 80 per bond outstanding, beginning Oct.,
1903. The r-maining $175,000 can only be issued for extensions, etc.,
at 75 p c of actual cost, an>l only when net earnings ot the previous
twelve months are equal to at least twice the interest on the outstand-
8took,$50,000(par$50)
New mtge., $200,000, g.,
1P03 4
1902 3
c
($1,000)
<fc
r
(.
...
1902 5g.J-J
$50,000f.p
160,000 Jan. 1,1932
Interest at Louisville Tr. Co., trustee.
for future purposes. They are not sub-
Bonds— $40,000 are reserved
ject to call.
Road—Owns
9 miles of trolley track in Owensboro and suburbs.
561b. rail; 15 motor oars, double G. E. F00; 5 trailer*.
Officers— Pres., Chas. Brocker; Vice-Pres., John G. Delker; Sec, J.
H. Parish; Treas., J. W McCullouch.— V 75, p. 667; V. 76, p. 919; V.
All
new 40 and
.
.
79, p. 270.
OWOSSO, MICH.
OWOSSO & CORUNNA ELECTRIC
CO-Organization— A consolidation on March 14, 1899, f ihe Owosso &
Corunna Tract. Co. and the Caledonia Electrio Light & Power Co.
Interest. Outstand'g.
Maturity.
Date.
STOCK & BONDS
<
Stock, $150,000 ($100)
$150,000
1924
5 g. J-J
120,000
1st mort., $120,000, gold)
($1,000)
oS Fidelity Trust Co., Philadelphia, trustee.
Road- Operates a 5-mile road between Owosso and Corunna; also does
•lectrio lighting business and has contract with the city of Owosso for
lighting until August, 1909.
Treas., J. Traeey
Pres.. (*. H. Stephenson, Phila.; Sec
Officer
Eustis, Boston Manager, A. N. Richardson, Owosso.
—
&
1
;
PADUCAH,
PADUCAH CITY RY.-A
K.Y.
trolley road.
Organization—Incorporated in Kentucky on May 21, 1902, as a
succcessor to the Paducah Ry. & Light Co., which was a consolidation
In 1898 of the entire street railway ana electric-lighting plants of
oah. Was granted a new franchise running until Aug. 1, 1922.
STOCK
&
BONDS—
Date.
Interest. Outstanding.
Stock, $300,000, $50
Padn-
Maturity.
$300,000
100,000
100,000
100,000
325,000
Pad. St. Ry. mortgage
1890 6
1920
Pad. St. Ry. mortgage
1893 6
1923
Peop. L't A Power inort
1898 6
1918
Paducah City Ry. M., $1,-)1902 5g.J.-J
May 21,'32
000,000,g.,($500-$1.000)c* < Int. at N.Y.Security &Tr. Co.,N.Y.,Trus.
Bonds-6t the *1,000,000 Pad. City Ry. issue, $300,0C0 reserved to
take up the prior bonds.
Road— 15 miles of single track; 3 miles additional to be built.
EarninGS-Gtoss for 1H02 were $128,828; in 1901. $117,161.
Officers. -President, Geo. C. Thompson, Paducah; Vice-Pres., Geo.
C. Wallace, Paducah: Sec and Treas., A. L. Rich, Cincinnati, O.: Supt.
A. 8. Thompson, Paducah. V. 74, p. 11 40; V. 75, p. 135.
PALMER, MASS.
SPRINGFIELD & EASTERN
ST. RY.-TroUey.
ORGANIZATION— This company was formerly the Palmer & Monson
St. Ry., but in May, 1901, name was changed as above.
Date. Interest. Outstand'g.
STOCK & BONDS—
Maturity.
Stock, $370,000 ($100)
$370,000
1st mortgage, $330,000, ) 1902 5g. J.-J.
330,000
Jan. 1, 1922
gold ($1,000).. ..c* J Int. at Hampden Tr. Co., Springfield, Trus.
Loans payable, Sept. 30, 1903, $43,695.
Bonds.— Are subject to call after Jan. 1, 1907, at 110; after Jan, 1,
1912, at 107^, and after Jan. 1, 1917. at 105.
Earnings— For year ending Sept. 30, 1903, gross, $107,179; net,
84,378; fixed charges, $$24,305; surplus, $10,0:3.
Road— Filteen miles from Monson through Palmer to Ware, and 5
miles from Palmer to Bondsville and Three Rivers; also an extension
of 9>« miles from Palmer to Ludlow; total 29*s miles. Extension from
Ludlow to Springih-ld (7 miles) contemplated. Is controlled by the A.
M. Young syndicate.
OFFICERS— President, Chas. F. Grosvenor; Vice-Pres.. E. G. Hastings; Treasurer and Gen. Mgr., A. J. Purinton. V. 74, p. 630, 1356.
PARIS*TEXAS.
PARIS TRANSIT CO-A trolley road.
in the same Interest as the Paris Light
Franchise runs for 50 years from April 27, 1901.
Dale.
Interest.
Outstanding.
Maturity.
_ STOCK & Bonds—
Stock, * 100,000
$100,000"
„
1st mort., $100,000 ) 1902
5 g. J-D
100,000
June 1, 1932
gold ($1,000) c*
Int.
at Commonwealth Trust Co., at. Louis.
5
Bonds -Are subject to call on and after June 1, 1912, at 105 and interest on any interest day on 30 days notice.
„ Earnings for the year 1903: Gross, $32,704; net, $10,835; interest,
$5,000; bala ce, $5,835.
Road - Operates b^a miles of track; 56 lb. rail; 8 cars.
- President, T. W. Crouch; Vice-Prest. & Gen. Mgr., John
, Officers.
A. Porter; Sec, H. L. Baker.-V. 75, p. 185; V. 78, p. 1393.
Organization.— Ts controlled
* Power Co.
'
PARKERSBURG, W. VA.
B F RG MARIETT A & INTERUR^t^?J
BAN
road.
R Y.:RAStrolley
t3
4
,
1
,
A
Organization.— Consolidation of the Parkersburg Interurban Ry.
the Parkersburg Gas, Elec Lt.
St. Ry. Co. and the Marietta Elec. Co.
&
N. Y.
PEEKSKILL LIGHTING & RR-
ing bonds and the proposed issue.
<
Maturity.
(1)
Organization—Chartered in 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said city.
Maturity.
Miles. Date. Interest. Outstand'g
BONDS
STOCK
&
OuUlmd'g.
Interest.
Report—Year to June 30:
Qross.
Net. Int.
<&
sink f'd. Surplus.
$110,735 $44,408
$34,960
$9,448
4S.518
106,188
10,106
33,412
1901-2
86,795
30,403
ROAD—Owns and operates 11 miles of track in Peekskill and to Lake
Mohegan and Verplanck's Point, with branch to 8tate Camp.
OFFICERS— Pres. & Gen. Mgr., B. B. Nostrand Jr., Peekskill; Sec,
Alfred Ely, 31 Nassau St., N. Y. City; Treas., H. Hohart Porter Jr., 52
William St., N. Y. City; General Office, Peekskill, N. Y. V. 78, p. 1962.
PEORIA, ILL.
road.
CENTRAL RAILWAY.-A
Outstand'g.
trolley
STOCK
&
BONDS—
Date.
Interest.
Maturity.
$1,050,000
Stock, $1,050,000, $100
5g.A<feO
500,000 Apr.1,1915
let M., $750,000, gold, ) 1895
o* \ Interest at N.Y. Security &Tr.Co.,N.Y.,trustee.
($1,000)
Road— Owns 60 miles of track in and around Peoria.
OFFICERS— Pres., Walter Barker; Vice-Pres., Sam'l Woolner Jr.; Sec,
J. N. Ward Treas., H. J. Woodward; Gen. Mgr., J. Finley. V.76,p.918.
;
PEORIA & PROSPECT HEIGHTS RAIL-
"W AY—A trolley road.
Organization— Successor to the Glen Oak & Prospect Heights Ry.,
purchased in Nov., 1897. Capital stock, $100,000; ao bonds. Operates 7 miles of track. President, John Finley; Secretary, J. N. Ward.
PEORIA
& PEKIN TERMINAL RAILHteam and
WAYIncorporated
& Pekin
electricity.
in Illinois as Peoria
Traction
1897, to build and operate a terminal system in and between
Peoria and Pekin. Leases from Chic R. I. & Pac the Peoria Terminal
RR. for 50 years from December, 1897. In May, 1899, name changed
to Peoria <fe Pekin Terminal Railway. Private right of way between
Peoria and Pekin, 8 miles.
Interest. Outstand'g. Maturity.
Date.
BONDS—
STOCK
Stock, $700,000 (par $100)
$600,000
694,000 See text
5g. J-J
«* ( 1900
IstM $700 000 g<mld
«i
nnn eacn,
«a»h s.
« i
f
I In *- a * U. S. Mort. & Trust Co., N. Y.,also
sn.uuo
f
at Royal Trust Co., Chicago, trustee.
Bonds— Ot the $694,000 bonds issued, $544,000 are due Jan. 1,
1930, and remainder in varying amounts yearlv from Jan. 1, 1905 to
1929, inclusive. V. 70, p. 946.
Road— Entire line 35 miles of track; owned 17 5 miles; leases 9*5
miles, and has rights over five miles of local street railway in Peoria
with privilege of transferring over 46 miles additional. Freight and
through passenger business handled by steam. Local passenger
business in and between Peoria, Pekin and Crescent by electricity.
Has union depots in both Peoria and Pekin. Track laid with 70-1 b.T rails,
OFFICERS—Pica., T. J. Miller, Peoria; Vice-Pres., B. Warren Jr.,
Peoria; Treas., P. L. Saltonstall, Boston; Traffio Mgr.. G. W. Talbot
Ass't Supt., E. A. BurrUl, both of Peoria. -V. 78, p. 1110.
Organization—
Aug.
5,
&
-
PHILADELPHIA, PA.
AMERICAN
RAILWAYS COOrganization— The American Railways Co. was incorporated under
laws of New Jersey in 1900 as a consolidation of the former American
Railways Company and the United States Electric Ry. & Light Co.,
which latter had only $1,000 of outstanding stock. Stock and coll.
trust bonds are listed on the Philadelphia Stock Exchange.
STOCK
&
BONDS—
Com.stk. ($50), $25,000,000
Collat. Trust $2,500,000, )
Date. Interest. Outstanding.
Maturity.
Q-M $3,903,000 Sept.l5,'04,li2%
1901 5 g. J-D 2.448,000
Dec 1, 1911
Int.at Provident Life
Tr.Co., Phila., Trus.
g.conv.($500&$l,000 o* <
&
payable June 30, 1904
$1,104,291
Bonds.— The ne w collateral trust bonds are redeemable at 105 and aoorued Interest after Nov. 1, 1904, but are convertible into stock at par
at option of holder at any time before that date. On June 30. 1904,
*52,000 had been so converted The collateral for the bonds consists of
$1,050,000 stock (out of $1,100,000 issued) of the People's Ry. of
Dayton; $1,600,000 first oonsol. 5s of the Chicago & Joliet Electrio
Ry. and $500,000 first mortgage 6s of the Springtield (O.) Ry.
CONTROLLED.—The following is a list of the securities owned by
the Amerioan Railways Co. July 1, 1904:
Bock
Owned by
Bills
Outstanding.
A
B. Co.
Value.
Altoona & Logan Valley stock
$1,500,000 $1,500,000 $403,750
Bridgeton Electrio Co. stock
17,270
25,000
25,000
Bridgeton & Millville (N. J.) Traction
Co., stock
200.000
159,364
200,000
146
Chicago Union Traction Co., stock. ...
250
\ corn!! 250.000 \
"25,000
Du Page Construction Co., stock
25,000
25,000
Franklin Real Estate Co. stock
10.000
10.000
10,000
People's Ry. of Dayton, O., stock
1,100,000 1,100,000 1,334,228
Springfield Light & Power Co., stock. 200.000
200,000
192,111
500,000
500,000
(IstM. 6s.. 500,000
Springfield, O., Ry. Co... ? Income 5s. 100,000
99,792
79,829
953.100
57.469
(Stock
1,000.000
* The Du Page Construction Co. owns all the stoc^ ($2,300,000) and
all the bonds ($1,600,000) of the Chicago & Joliet Electrio Railway,
and all the stock ($1,100,000) and all the bonds ($1,000,000) of the
Chicago & Desplaines Valley Electric Railway.
'
STREET RAILWAYS.
1568
TREASURER'S KEPORT FOR 12 MONTHS ENDINQ JUNE 30.
Gross income, all sources
Total deductions from income
Netlnoome
1904.
1903.
1902.
$443,196
172,733
$423,028
148,336
$370,384
67,653
$302,731
$274,692
$270,463
(6%)234,180(6%)223,775(4%)178,178
Dividends
Surplus
4% p.;o.;
4^4 p. c; '02,
Sept
,
lJfl
'03,
6
p. c.
In
$124,553
$50,917
$36,283
DIVIDENDS— First div. on Am. Rys. Co. stockl
p.o.
Dec, 1900; inl901,
'04, Mar., l^a p. o.;
June, 1**
p.
c;
p. c.
[Vol. lxxix.
ways Company, which also owns the entire issue of 1st mtge. bonds
and $99,792 of the 2d mtge. bonds.
Interest. Outstanding. Maturity.
Date.
STOCK & Bonds—
Stock (par $100)...'
1st mort., $500,000, gold..
$1,000,000
500.000 Jan. 1,1933
Interest at First Nat. Bank, Springfield, O.
2dM., income, $150,000..
1895
5
100,000 Mayl,1905
Road— Owns 30-3 miles of track. Operates 54 cars.
Officers— Pres., Oscar T. Martin; Vice-Pres., H. J. Crowley; Secy,
and Treas., C. L. S. Tingley; Genl. Mgr., John H. Miller.—V. 69, p. 439.
(7)
1893
6 J-J
ALTOONA & LOGAN VALLEY ELECTRIC
RY.-Trolley.
Organization—Incorporated Deo. 12, 1892. Owns $60,000 of the
Controlled Companies of the American Rys. Co. For year ending $65,000 stock of the Lakemont Park Co.; also $18,000 Logan Valley
June 30, 1904, the companies controlled earned combined: Gross, Land Co. stook; also $39,000 of the $40,000 stock of the Home Elect.
$1,406,965.
Light &Steam Htg.Co. of Tyrone, and leases that company for 99 years
Road.—Total track of all properties, 217-1 miles; cars, 348. Also from July 1, 1903. In Oct., 1903, absorbed by consolidation the City
owns 182 acres of land for parks in Altoona, Dayton, Springfield and Passenger Ry. and the Tyrone Electric Ry. (previously owned), and.
increased its capital stock from $500,000 to $l,500,00o. V.77, p. 1745.
Bridgeton.
The American Rys. Co. owns entire stock Altoona A Logan Val. El.Ry.
OFFICERS of American Railways Co.: President, J.J. Sullivan; 1st
Vice-Pres., W. F. Harrity; 2d Vice President, C. L. 8. Tingley; Sec. and
STOCK & BONDS— Miles. Date. Interest. Outsta'g. Last Div.. etc.
Stk $1,500,000. $50
Treas., Walter W. Perkins Ass't Sec, Treas. and Comptroller, Frank »IK.,
$1,500,000 In 1902-03 10%
,
J. Pryor Jr. Counsel. Silas W. Pettit; Gen. Man., H. J. Crowley. Gen- Con.M.$4,000,000,g., »
qft o a
f
A15
835,000 Aug. 15, 1933
J"
eral offices, 904 to 913 Witherspoon Bldg., 1321 Walnut St., Philadel($500 & $l,000)gu! I
"P ii(
Trust Co., Phila., trustee.
Equitable
l ultaD1
by Am. Rys.Co.c&r S •— lnt at lauifabi
phia—V. 77, p. 297, 768, 1745 V. 79, p. 680, 1022.
;
.
W
,
-
;
BRIDGETON & MILLVILLE TRACTION.—Trolley.
Organization— Chartered in New Jersey as successor May
(1)
3,
1897,
to the South Jersey Traction Co., sold in foreclosure. Company owns
two toll roads besides the trolley road. Franchise perpetual.
Date.
Maturity.
Interest. Outstanding.
Stock
BondsStock, $200,000 ($50)
See text.
$200,000
1st M., $500,000. gold, f 1900
5 g. J- J
Jan. 1. 1930
500,000
guar. ($1,000 & $500) 1 Int. at Equitable Trust Co., Philadelphia,
(cannot be called )..*c (Trustee.
Bonds— For form of guaranty by American Railways Co. see V. 71, p.
491. The bonds wero listed on thePhila. Stock Exchange in Feb., 1901.
The following are deposited as security under the mortgage:
993 shares of the stock of the Bridgeton Rapid Transit Co.
"
'•
"
370
"
Bridgeton & Millville Turnpike Co.
"
••
"
277
"
Bridgeton & Deertield Turnpike Co.
$250,000 (entire issue) 5 p. c. gold bonds of the Br'.dgeton Electrio Co.
ROAD-Bridgeton to Millville, 11 miles; Bridgeton to Cedarville,
8M miles; Bridgeton, local, 5^ miles; also an extension from Cedarville to Port Norris, 12^ miles. Total, 37 miles.
EARNINGS— For year ending Dec 31,1903: Gross, $99,549; other
income, $6,932; total income, $106,481; net, $28,035; dividends,
$10,000; surplus, $18,035.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres., B". J. Crowley; See. and
Treas.. C. L. 8. Tingley; Gen. Mgr., B. F. Hires.- V. 72, p. 282.
&
lst'M. $500~000 gold
)
$500 and $1,000. c
5
21-7 1893 5 g. J-J
470,500 July 1, 1923
Sink. fd. 1 p. c yearly; bds. subj'ct to call at 105.
Int. at Cassatt & Co., Phila., and 1st Nat. Bk., Altoona
Bonds—Sink. fd. on Altoona <£ Logan Valley Electric By. Oo. 1st M. 5s
commenced July 1, 1894; not less 1 p. o. par value of outstanding
bonds must be appropriated out of net earnings to retire bonds at or
below 105 and acorued interest. Of the new $4,000,000 mtge. $835,000 are outstanding, $1,665,000 are held in treasury of Amer. Rys.
Co., $500,000 are reserved to retire the prior liens and $1,000,000
for extensions. These bonds are guar p. <fe 1., by end. by Am. Rys. CoNo sinking fund and not subject to call.
Dividends— In 1896 paid '2*a P- c.; in 1896-97, 2^ p. c; in 1897-98,
1898-99, 1899-00, none; in 1900-01, 6»a p. o ; in 1901-02, 10 p. c; in
,
1902-03, 10 p.
o.
Road— Operates 41*34 miles
of track, connecting Altoona, Bellwood,
Hollidaysburg and Tyrone. Operates 83 oars.
ANNUAL Report.—Year ending June 30, 1903, before new consolidation, gross, $191,084; net, $72,060; fixed charges, $30,306; dividends,
$41,535; surplus, $219.
The City Passenger Ry., year ending June 30, 1903, gross, $145,833;
net, $25,572; charges, $5,503; dividends, $20,000; surplus, $69.
J.Crowley;
OFFICERS— President, J. J. Sullivan; Vice-President,
Secretary and Treasurer, C. L. S. Tingley; Gen'l Mgr.. 8. S. Crane.—
V. 69, p. 590; V. 72, p. 531; V. 77, p. 297, 40», 1745; V. 79, p. 680.
H
FAIRMOUNT PARK TRANSPORTATION
BRIDGETON ELECTRIC CO. Acquired in 1899 by Am. Rys. Oo.
Organization—A New Jersey corporation formed in 1894. Charter
Organization—Chartered in New Jersey Deo. 2, 1895. Supplies perpetual; license from Park Commission runs until July 24, 1939.
light and power in Bridgeton, N. J. Stock, $25,000. Bonds $250,000 Owns an electric railway in Fairmount Park. From Nov. 30 to May 1
1st mort. 5 p. c gold bonds $1,000 each, dated July 1, 1900, due July operation is optional. Owns Woodside Park. Road opened Nov., 1896.
1, 1930, interest J. & J. at office of the company; Real Estate Title
Maturity.
Date. Interest. Outstand'g.
Stock & BONDS—
Ins. & Trust Co., Phila., Trustee, all pledged with the trustee of the Stook, $2,000,000 ($50)
See text.
$1,847,404
mortgage of the Bridgeton & Millville Traction. This was done so as 1st M., gold, $500,000, oall) 1897 5g. M-S
500,000
Sept. 1, '12
(2)
to bring the two properties (which are practically one) under the one
mortgage.
(3)
CHICAGO & DESPLAINES VALLEY ELECTRIC RE-
ORGANIZATION— Incorporated in 1901 as a consolidation of the Chi& Desplaines Valley Elec Ry. and the Desplaines Valley Elec Ry.
Date. Interest. Outstanding.
Maturity.
Stocks & Bonds—
cago
8tock, $1,100,000
$1,100,000
1st mortgage, $1,000,000 <
1901
5 M-N
1,000,000 May 1, '31
gold
Int.
111.
($1,000)
c* I
at
Tr. A Sav. Bk., Chic, Trustee.
Bonds—The full issue of the new 1st mtge. bonds has been deposited
as collateral security under the bonds of the Chicago <fe Joliet Elec Ry.
The Du Page Construction Co. owns the entire capital stock, of which
1,000,000 is pledged under the mortgage of the Chicago & Joliet
t lecjric Ry., and also owns the entire $1,000,000 bonds, the whole
amount being pledged. Road in operation from the Will County line,
where it joins the Chicago A Joliet Electric Ry., to the city line of
Chicago on Archer Ave. Total 38 65 miles. Branch from Summit to
Lyons. The through route Chicago to Joliet was opened Sept, 25, 1901.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres.. H. J. Crowley; Sec and
Treas., C. L. S. Tingley; Gen. Man., J. R. Blackball— V. 73, p. 183.
i
(4)
CHICAGO & JOLIET ELECTRIC
RY.-Trolley.
of the Chicago A
Joliet RR. Is operated
by power purchased from the Economy Light Power Co. of Chicago.
V. 73, p. 844. The Du Page Construction Co. owns the entire outstanding $1,600,000 bonds and the entire $2,300,000 capital stock, and
that company's entire stock is owned In turn by the Amerioan Rys. Co.
STOCK
Dale. Interest. Outstand'g. Maturity.
BONDS—
Organization—Incorporated as a consolidation
Joliet RapidTran. Co., the Joliet St. Ry.
and the
A
&
8tock, $2,300,000 ($100)
Chic A Joliet Elect. Ry.
$2,300,000
>
1901 5g. M-N 1,600,000 May 1,1931
g., $2,000,000 ($1.000).. o* J Int. atlU. Tr. & Sav. Bk., Chic, Trustee.
Joliet RR., general M., gold, t 1898 5 g. M-N
400,000 Apr.30,1918
$400,000 ($1,000 each)... 5 Portland (Maine) Trust Co., trustee.
Bonds— Of the new $2,000,OCO mtge, $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stock of the
Chicago A Joliet Elec. Ry., $1,000,000 of the $1,100,000 stook and
$1,000,000 (entire issue) bonds of the Chicago & Desplaines Valley
Electric Ry. are deposited under this mortgage as collateral security
Entire issue of the $2,000,000 gold 5s may be called after May 1,
1902, at 105 and interest.
Road— This road is in full operation from Joliet to the Will County
line, where it connects with the Chicago & Desplaines Valley Elect.
Ry. for Chicago. Has 40 miles of track. Line between Joliet and
Chicago was formally opened Sept. 25, 1901.
Officers— Pres., J. J. Sullivan; Vice-Prest., H. J. Crowley; Seoy. and
Treas., C. L. S. Tingley, Gen. Man., F. E. Fisher.-V. 73, p. 183, 722.
(5) PEOPLES RAILWAY (DAYTON).— A trolley road.
Acquired in 1899 by the American Railways Co.
gRQANlZATION— Incorporated in Ohio June 18, 1896. Comprises 31
bs ol track in Dayton, Ohio; operates 111 cars. Extensions are under
construction.
STOCK
&
The Amerioan Rys. Co. owns entire capital
BONDS—
Date. Interest.
Outstanding.
$1,100,000
stock.
Maturity.
Stock. $1,100,000, $100
let mort., "White Line,") 1895 5g A-0
300.000 Oct. 1, 1925
$300,000, g. ($500), red. £ Int. at Union Savings Bank A Trust Co.,
Oct. 1, 190O, at $110.... ) Cincinnati. Trustee,
let mort., "People's Ry.,"> 1897 5gJ-J
$200,000 Jan. 1. 1927
$200,000 ($500), g., red. Vint, at Union Savings Bank & Trust Co.,
after Jan. 1, '02, at 110. ) Cincinnati, Trustee.
Officers— Pres., John A. McMahon, Dayton; Vice-Pres., H. J. Crowley, Phil,; Secy, and Treas., C. L. S. Tingley, Phil.; Asst. Seoy., Eugene
Wuichet, Dayton; Gen. Man., J.L. Breen.— V. 69, p. 744.
SPRINGFIELD (OHIO) RAILWAY.—Trolley.
Organization.— Incorporated In Ohio Oct. 20, 1892; 9,531 shares
of the capital stock has been acquired by the Amerioan Rail(6)
105 after Sept. 1, 1902, > Girard Trust Co., Phila., Trustee.
($1,000)
o* > As to bonds of 1897 see V. 65, 620.
2nd mort. $250,000, gold, > 1900 5g.
183,000
Sept. 1/12
o* J Int. at Girard Trust Co., Phila., Trustee.
($1,000)
MS
Bills payable,
Nov.
1,
1903
54,000
Bonds—New 2d mtge. can be
called on and after Sept. 1, 1902, at
105 and scorned interest on 30 days notioe.
Dividends— First dividend paid Dec. 1, 1897, 2 per cent. None since.
Road— 8 47 miles of track in West Park and E. Park, orosses Schuyl20 closed, 50 open cars.
kill River on a steel bridge. Rails are 90 lbs.
EARNINGS— Year ending Oct. 31, 1903, gross, $128,185; net, $67,243;
charges, $52,908; surplus. $14,335.
Officers— Prest., Charles A. Porter; Vice-Prest., Robt. H. Foerderer;
8ec and Treas., Ellsworth H. Hults; Ridge Ave. Bank Building, Philadelphia.-V. 65, p. 620; V. 70, p. 686; V. 71, p. 863.
-
PHILADELPHIA
& WEST CHESTER
A trolley road.
TRACTION—
be Eastern Securities Co. has acquired control.
'1
ORGANIZATION— Chartered in Pennsylvania on April 24, 1895. This
company controls the franchise of the Delaware County Passenger Ry.
and of the Phila. Castle Rock & West Chester Passenger Ry. Co.; also
owns 90 p. o. of the stock of the Phila. & Lancaster Turnpike Road Co.
In Jan., 1902, stockholders ratified a lease of the Ardmore A Llanerch
St. Ry., a line between the points named, 3^ miles. No bonds or other
debt.
Rental
is
authorized) and
Stock
&
5
p. o.
on the $114,900 outstanding stock ($200,000
of taxes and organization expenses.
payment
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, par $50 ($1,000,000)
1st M., $400,000, gold, sub).
)
tocallatl05aft.Oct.l,1899
New mort, $1,000,000, gold
)
$597,175
1898 5 g. J^J
400,000 Oct. 1, 1918
Int. at Girard Trust Co., Phila., Trustee.
1904 4 g. J-J
None. Jan. 1 1954
c*
5
Int. at
($1,000)
Bonds— $466,000
of the
$
,
new 4s
West End
Tr. Co., Phila., trustee.
are reserved to retire $400,000 1st
mortgage bonds. Bonds of either issue can be called at any time at
105 and interest; no sinking fund.
Road—Operates 20 miles from 63d and Market sts., Philadelphia,
to West Chester. Gauge, 5 ft. 2M in.; 60 -lb. T rail. Leases Phil. A;
West Chester Turnpike Road Co. for 999 years from 1895. Also
Ardmore
& Llanerch, 3^ miles.
OFFICERS-Pres., A. Merritt Taylor, 610 Arcade Building, Phil.; VicePres.. W. S. Taylor; Sec, C. Russell Hvnchman; Treas., C. L. Rihl. Office, 610 Arcade Building, Phil.-V. 76, p. 159, 266; V. 78, p. 22i*, 344.
PHILADELPHIA
BRISTOL & TRENTON
RY.STREET
Organization— Chartered in Pennsylvania December 30, 1901, as a
consolidation of the Philadelphia & Bristol Passenger Rv. (purchased
at receiver's sale on Sept. 10, 1901), and the Bristol Passenger Ry.,
and the Trenton & Bristol Street Ry.
Maturity.
Dale. Interest. Outstand'g.
BONDS—
STOCK
Stock (par $50). $1,000 ,000
$1,000,000
650,000 Sept. 1,1932
1st mtge., $1,000,000 gold J 1902 5g,M-S
o* ( Int. at Union Trust Co., Balto., Trustee.
($1,000)
EARNINGS— For flsoal year ending June 30, 1904, gross, $65,237; net,
$15,802.
Road Owns and operates 21 miles of track from Torresdale to
Morrisvllle. Rails, 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2»«
inches; 11 cars, 3 engines and 3 generators 450 k. w. capacity.
OFFICERS-Pres., J. W. Ellard, Baltimore; Sec A Treas. W. F. Sadler
V. 75, p. 395.
Jr., Trenton, N.I.J. Office, 323 Mill St., Bristol,
&
—
Pa—
RAILWAYS COMPANY GENERALORQANIZATION.— Incorporated at Trenton, N. J., Aug. 25, 1899. Is
empowered to build, lease, sell, purchase and operate street railways,
electrio light, gas, illuminating plants and water works, and also to aoquire or dispose of the securities of the same. Stock authorized, $1.200,000, shares $10; all Issued. Is listed on the Philadelphia Stook
—
Oct., 1904.
STREET RAILWAYS
J
Stock was originally $10,000,000 (par $5) authorized and
$1,500,000 outstanding, but was reduoed in Oot., 1901. to $1,200,000
(par $10) by vote of the stockholders. V. 7S, p. 338. Control passed
in Nov., 1902, to parties represented by President Dlok. Notes payable
June 30. 1904, net, $224,145.
„„.„„,
The following shows the securities held June 30, 1904:
Exohange.
Owned.
$226,500
230,000
150.000
150,000
349,600
Total Issue.
Elmira & Seneoa Lake Ry. (stock)
Elmira & Seneca Lake 5s
Lewisburg Milton & Watsontown Pass, (stook)
$300,000
300,000
150,000
150,000
500,000
27,750
10,000
75,000
75,000
300,000
300,000
500,000
& Watsontown Pass. 5s
Michigan Traction (stook
Milton Electrio Lt. & Power (stock)
LewisburgM.
27,750
10,000
Montoursvile Eleotrlo Lt. (stook)
75,000
Montoursville Pass Ey. Co. 5s
(stock)
75,000
Montoursville Pass. Ry.
40.000
Newtown Eleotrio St. Ry. (stock)
200,000
Newtown Electric St. Ry. 5s
326,000
Michigan Traction Extension Co. 5s
Earnings— Cross earnings of the railways controlled for the year
in 1902 were $272,735;
ending Deo. 31, 1903, were $314,459;
fross earnings light companies same period 1903, $23,028, against
80-42
miles in both years.
21,774 in 1902. Railway figures cover
Latest Earnings— Jan. 1. to Aug. 31, 1904; railways, $225,275, in
1903, $212,286; light companies, $lo,929Un 1904 and $15,309 in 1903.
REPORT— For years endingJune 30: Income from dividends on stooks
and interest on bonds of subsidiary companies in 190i, $45,901; in
1903, $75,533; salaries, rents, taxes, etc, in 1904, $7,482; in 1903,
$7,445, balance surplus in 1904, $38,419; in 1903, $68,088.
OFFICERS— Pres., Evans R. Dick, New York; Vice-Pres., Gerald Holsman; Sec and Treas., H. C. Winchester; Sen. Supt., D. A. Hegarty;
Auditor, L. D. Maltbie.—V.75, p. 667, 1148; V.77, p. 196; V.79, p. 1267.
(1)
MICHIGAN TRACTION OF KALAMAZOO
BATTLE
&
CREEK—Trolley.
Organization— Incorporated in Michigan Dec. 31, 1896. A consolidation in 1897 of the Citizens' Street Ry. of Kalamazoo and the
Citizens' St. Ry. of Battle Creek. Railways Company General owns
$349,600 of the capital stock. In June, 1902, the first mortgage bonds
were listed on the Phila. Stook Exchange.
A new second mortgage for $500,000 5 p. e. bonds has been authorized. None are to be issued but they are to be held as security for the
Michigan Traction Extension Co.'s 1st mortgage 5% bonds.
Date. Interest. Outstand'g. Maturity.
$500,000
8t0Ck $500,000 ($100)
1901 5g. J-J
700,000 Jan. 1, 1921
1st mortgage S. F. $700,000 >
o* Int. at Investm't Tr. Co., Phila., Trustee.
($1,000), gold
Bonds— Tha entire Tissue of $700,000 was offered for sale in Feb.,
1901, by Dick Bros. & Co., Fidelity Title & Trust Co. of Pittsburg and
Tracy & Co. of Chicago. A sinking fund of 5% of gross earnings commenced in 1903, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities. V. 72, p. 391.
$12,000 of bonds now held in sinking fund.
ROAD—Has completed an interurban line of 28 miles between Kalamazoo and Battle Creek, which was opened for business Aug. 1, 1900,
with an extension of 4^ miles to Gull Lake and Yorkville, giving
with the city lines in Kalamazoo and Battle Creek altogether 49
Rails are of from 49 to 70-lb. T, and 90-lb. grooved girder rail.
miles.
REPORT—Year ending June 30, 1904, gross, $236,199 operating
expenses, $185,073; net, $51,126; charges, $63,347; deficit, $12,221.
OFFICERS—President, E. R. Dick, New York Seo. and Treas., H. C.
Winchester, N. Y.— V. 73, p. 445, 1208; V. 74, p. 1196; V. 77, p. 2280.
<f
(6)
1569
MONTOURSVILLE ELECTRIC LIGHT
CO.
ORGANIZATION— Chartered under the laws
of the State of Pennsylvania Sept. 3, 1897. Capital stock, $10,OOJ, all owned by the Rys. Co.
General.
EARNINGS— Earnings year ending Juns 30,1904, $6,550; operating
June 30, 1904, $1, 185.
exp., $7,559; deficit, $1,009; taxes. $176; deficit,
PHILADELPHIA RAPID
TRANSIT.-Controlled.
by the Widener-Elkins syndioate. In Sept 1904, the btock formerly
held by the late William L. Elkins was sold to a sydioate. See V. 79,
,
p. 1024.
Incorporated in Pennsylvania on May 1, 1902, to take over under
Union Traction Company fur 999 years from July 1, 1902.
and to acquire and hold shares of other corporations. (For terms of
lease see Union Traction below.) The Rapid TransitCo. owns the entire
capital stock and franchises of the following companies acquired by
the Maok-Foerderer syndicate in 1901:
'Broad St. Rapid Tran. St. Ry. Co. *Market St. Elev. Pass. Ry. Co.
Northern Rapid Transit St. Ry. Co.
Central Rapid Transit St. Ry. Co.
Chestnut Hill & Glenslde Rapid *Passyunk Ave. Elev. Pass. Ry. Co
* Ridge Ave. Elev. Pass. Ry.
Transit St. Ry. Co.
Co.
Eastern Rapid Transit St. Ry. Co. Southern Rapid Transit St. Ry. Co
Western Rapid Transit So. Ry. Co
*Frankford Elev. Pass. Ry. Co.
*Germantown Ave.El. Pass. Ry.Co.
* In June, 1903, the Market St. Elev. Pass. Ry. with $5,600,000
authorized capital stock, absorbed by consolidation the roads marked
above with an asterisk (*). See V. 76, p. 1301.
Construction has begun upon Market St. from 23d St. to Delaware
Ave., and on Delaware Ave. from Market St. to South St. V. 74, p.528,
lease the
989; V. 76, p. 1301.
In June, 1903, the following new companies were incorporated In
the interest of the Philadelphia Rapid Transit Co., to build 119 miles
of railway in Philadelphia.
Stock,
Line.
Glenwood RaDid Transit Street Ry
$270,000
45 miles.
Moyamensing & Southwark Rap. Transit St. Ry. 282,000
47 miles.
42,000
Parkside Rapid Transit Co
7 miles.
Bustleton& Byberry Rapid Transit Street Ry.. 120,000
20 miles.
In July, 1902, also acquired all the stock of the Doylestown & Willow
Grove Ry. Co. Owns entire stock of the Phila. & Wil. Grove Trac. Co.
Outstand'g.
Date.
Interest
Maturity.
BONDS—
STOCK
1 68
Stock, $30,000,000 ($50)..
{ $ 15 pafd^
1
\
Stock was listed on the Philadelphia Stock Exchange in July, 1902.
A second call of $5 was made on the shares, payable July 6, 1903,
and a third for $5 payable Jan..20, 1904, making $15 per share paid in.
Annual Report—The 1903-4 and 1902-3 earni* gs are for the Phila.
Rapid Transit system, the other years being for the old Union Traction
Oo. Fiscal year ends June 30. Annual report for 1903-1904 was given
inV. 79, p. 1329.
1903-04.
1902-03.
1901-02.
$365,908,051
No. passengers carried... 390,532,689
325,801,963
&
"
$15,923,508
7,993,315
$15,277,807
7,234,893
$13,969,233
6,402,338
Other income, interest, etc
$7,930,193
172,855
$8,042,914
158,766
$7,566,895
148,925
Total net income
Taxes and licenses
Union Traction Div
Fixedoharges
$8,103,048
$1,060,897
900,000
5,921,302
$8,201,680
$990,702
900,000
5,905,089
$7,715,820
$903,842
$220,849
$405,889
$1,078,038
Gross earnings
Operating expenses
Net earnings
;
;
(a)
MICHIGAN TRACTION EXTENSION CO.—
ORGANIZATION— Organized to build extensions of Michigan Traction
Co. in the cities. *took all owned by Michigan Tract. Co., which leases
the road. The $326,000 bonds given as outstanding below are all
held in the treasury of the Rys. Co. General. About 3-2 miles completed; more under construction.
Date.
Interest. Outstanding.
Maturity.
BONDS—
Stock
Stock, $25,000 (owned by Mich. Tract. Co.)
825,000
5gJ.-D,
32«,000
Dec. 1,1923
1st M., $500,000 ($1,-) 1903
000),gu.p.&i.,end.,g.o ) Int. at Knickerbocker Tr. Co., N. Y., Trustee.
Bonds guar., p. ani i., by Mich. Tract, by end. No s. f. and bonds not
subj. to calL Mich. Trac. 2d M. bds. are pledged as additional security.
&
(2)
LEWISBURG MILTON
<fe
WATSONTOWN
PASS.
RY.—Trolley.
Organization-— Chartered Sept. 3, 1897. Commenced operations.
Railways Company General owns all stook and bonds.
In Feb., 1898.
STOCK and Bonds—
Dale.
Interest.
Outstand'g.
Maturity.
$150,000
< 1898
5 g. J-J
150,000 July 1, 1928
Int. at Union Trust Co., Philadelphia.
I
year ending June 30, 1904, were: Gross, $23,-
Stock, $150,000 ($50)
1st mortgage, $150,000
c*
($1,000), gold
Earnings.—For
fiscal
131; net, $5,255; interest and taxes, $8,104; deficit, $2,849.
ROAD-— 10 miles of track beiween points named in title.
OFFICERS— President, Evans R. Dick, New York; Secretary
Treasurer, H. C. Winchester; Supt., L. H. Mountney.
(3)
ELMIRA
<&;
and
SENECA LAKE RY.—A trolley road.
Organization— Incorporated in New York June 6, 1896. Railways
Company General owns $226,500 of the stock and $230,000 of the bonds.
Date. Interest. Outstanding. Maturity.
STOCK & BONDS
Stock, $300,000 ($100)
$300,000
1st mortgage, $300,000.... < 1899
July 1, '29
5 g. J-J
300,000
gold
(Int. at American Trust Co., Phila., Trus.
Road— Owns 17 miles of road, running from Horseheads to Watkins
via Millport and Montour Falls, to Seneca Lake. Full line oompleted
and put in operation on May 19, 1900. The company has a traffic contract over six miles of road, connecting Horseheads and Elmira with
the Elmira Water, Light & RR. Co. Total, 23 miles.
EARNINGS—For fiscal year ending June 30, 1904, were: Gross, $39,030; net, $2,405; interest and taxes, $8,921; deficit, $6,516.
OFFICERS— President, Evans R. Dick; Vice-Pres., Jno. E. Mulford;
Sec.C.L. Hathaway, Montour Falls, N.Y.; Treas., H. C.Winchester, N.Y.
(4)
MONTOURSVILLE PASSENGER RAILWA Y-A trolley road.
Organization-— Chartered in Pennsylvania June 28, 1897. Commenced operations Dec. 16, 1897. The entire stock and bonds are
owned by the Railways Company General. Stock authorized and
issued, $75,000.
Funded debt authorized and issued, $75,000, 5 per
cent 30-year gold bonds dated Aug. 1, 1898, interest J&J. Operates
5Jfl miles of track from Williamsport to Montoursville, Pa.
Earnings— For fiscal year ending June 30, 1904, were: Gross, $18,632; net, $5,236; fixed charges, $4,055; surplus, $1,181.
Officers— Prest.. Evans R. Dick; Seo'y and Treas., H. C. Winchester,
New York.
MILTON ELECTRIC LIGHT & POWER CO.
30 Broad
(6)
St.,
Organization— Chartered under the laws
of the State of Pennsyl1892. Parchased the plant and franohise of the ThomsonHouston Electrio Light Co. Authorized capital, $40,000, which was
reduced to $27,750 Deo. 15, 1896, all of which is owned by the Rys.Co.
General.
EARNINGS-Gross earnings year ending June 30, 1904, $17,218;
operating expenses, $14,548; net, $2,740; additions and taxes, $860;
surplus, $1,880.
vania Feb.
8,
8urplus
..\.
5,733,940
OFFICERS- President, John B. Parsons; Vice-President, George D#
Widener; 2d Vice-Pres Charles O. Kruger; 3d V.-Pres., Alex. Kennick;
Sec <* Treas., R. B Seliridge; Asst. sec & Asst. Treas., John B. Peddle.
-V. 79J P 904, 968, 1024, 1266, J 329.
(1) DOYLESTOWN & WILLOW GROVE RY. CO.—A trolley road.
In July, 1902, was acquired by the Philadelphia Rapid Transit
,
through purchase of the entire capital stook ($500,000) for $20,000,
and the Rapid Transit Co. guarantees interest on the bonds. See V. 79,
p.1331.
STOCK AND BONDS—
Stock, $500,000 ($50)
1st mortg., $500,000,
$1,000, gold, guar.c"
Date.
Outstand'g.
Interest.
$500,000
500,000
„.
1900
)
5
4
g.
J-D
Land Title & Trust
Maturity.
June 1,1930
Co., Phila., Trusteee.
Road— Owns and operates 13 miles of road from Doylestown to Willow Grove, running over the oil turnpike between those places, which
is leased for 999 years.
EARNINGS-—Now inoluded in Phila. Rapid Transit Co.—V.79, p. 1331
TWENTY-SECOND STREET & ALLEGHENY AVENUE
(2)
PASSENGER RY.
Organization— Formed in 1903 and merged the
St.
old Twenty-second
& Allegheny Ave. Passenger Ry. Co. (chartered 1890), the Fairmount
& Frankfort Ry. Co., Fishers Lane Ry. Co., Lindley Ave. Ry. Co., Chelten Ave. Pass Ry. Co.. Germantown & Fairmount Ry. Co. and the Philadelphia & Trenton Rapid Transit St. Ry. Co. Is leased to the Phila.
Rapid Transit Co. for 6 per cent per annum on paid-in capital.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
&
4
Stook, $1,302,000 ($50)
1st M., Old 22d St.& Al. )
{
$25° paUL
\
«» t t»
-icon
i*\
n<w» 1,1920
iooa
Deo.
1890
(!)
5 J-D
av« PtshRv «-f>o nonC
Peim Co for ins on Lrves,eto.,Phila.,Trastee.
($l?6ooT »
.
. o
\
Due 'lessee Co." ".""".." June 30,'03
$767,500
ROAD— Operates about 35 miles of traok.
Treasurer, John B. Peddle.
-i
-
'
-
.
(-J)
PHILADELPHIA & WILLOW GROVE TRACTION
CO.
Organization— Is a consolidation in 1904 of the Phila. & -Willow
Grove Street Ry. and the Glenslde & Willow urove Street Ry. Entire
stook is owned by the Phila. Rapid Transit Co., which guarantees the
bonds, p. and i., by endorsement. See guar. V. 79, p. 904.
Outstand'g.
Date.
Interest.
Maturity.
Stock & Bonds—
Stock, $1,000,000
lstmtge. $1,000,000 guar.
gold ($ ,000)
i
o*
J
(
1904
4iagJ-J
Int. at Land Title
$l,00f\000
150,000
July
1,
'34
& Tr. Co., Phila., Trustee.
Bonds— $"350,000 are reserved for the construction and equipment of
Bonds are subject to call on any int. date at 105 and int.
upon 30 days' notice. A sinking fund begins after 5 years; of $10,000
the road.
per
annum
for five years; $10,000 per
annum
for following 5 years,
and $20,000 per annum for the ensuing 15 years.
ROAD— Is building a double-tr ack road from intersection of Weaver
Street or Cherry Lane with Montgomery County line to Willow Grove
Park.— V. 79, p. 904.
UNION TRACTION.-A trolley road.
Lease— The Union Traction Co. Has been leased for 999 years from
July 1, 1902, to the Philadelphia Rapid Transit Co. Lease rental (payable in gold) is $900,000 per annum (equal to 3 per cent on the face
value of the 830,000,000 stock) for the first two years, $1,200,000 per
annum (equal to 4 per cent on stook) for the next two years, $1,500,000 per annum (equal to 5 per cent on stock) for the next two years
STREET RAILWAYS.
1570
and $1,800,000 per annum (equal to 6% on stock) thereafter. The
stockholders of the Union Traction Co. were given the right to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74, p. 989
Organization -Chartered Sept. 13, 1895, and acquired on or about
Oct. 1,1895, all thesharesof the Electric Trac. and People's Trac. companies, in place of which were issued collateral trust certificates
secured by the shares placed in trust. In 1896 leased these properties
for 998 years and 3 months from July 1, 1896. On Oct. 1, 1895, leased
for 999 years the Philadelphia Traction at 8 p. o. on its oapital stock
and has "assumed" its 4 per cent collateral trust bonds. V. 61, p 663.
Leases (from Jan. 1, 1898) Hestonville Mantua & Fairmount Passenger Ry. for 999 years at 6 p. c. on preferred and 4 p. c. on common
stock see V. 66, p. 236. The Lehigh Ave. Ry. Co. ($600,000 stock)
was also leased for 999 years from July 1, 1899. These companies include all the leading street passenger railway lines within the city
of Philadelphia. See terms of consolidation, etc., in statements for
the constituent companies and V. 61, p. 152, 197, 283, 663.
Maturity or
Int. or
Outlast dividend,
STOCK & BONDS— Date. Dividends, standing.
Stock, $30,000,000.)
600,000 shares.Julyl,'04, lia%
par $50
$17-50 paid in.
J
TrustCo.certiflcates) 1895
4g,A-0 29,730,114 red. aft. Oct.1,'45
gold, guar. p. & i. £ Interest at Pa. Co. for Ins. on Lives & Granting
by Union Tr
Annuities, trustee.
>
Coll.trust lstmort.,) 1902
4
July 1, 1952
$1,500,000
Trust Co., Philadelphia, Trustee.
$1,500,000, gold.. S Land Title
Trust Certificates— The trust certificates are not the direct obli
gat ions of th« Union Traction Co., but were issued by the Pa.
Co. for Ins. on Lives & Granting Annuities to pay for the shares ol
the Electrio and People's Traction companies purchased and are
secured by a deposit with the Trust Co. of all the shares of the stook
of the Electric Traction Company and the People's Traction Com
pany thus acquired. See description of certificates in V. 64, p. 135
They are guaranteed, principal and interest, by the Union Traction Co.
and are redeemable at the option of that Co. on and after Oct. 1, 1945.
Collateral Trust Bonds— The collateral trust bonds were issued to
fund the floating debt, and are secured by the deposit of 35,000 shares
of the common stock of the Hestonville Mantua <te Fairmount Pass.
Subject to call at 105 and accrued interest.
ROAD— Operates 514*75 miles of track and 1,777 closed cars, 1,242
open cars, 312 other cars, plows, etc.; >otal, 3,^31
&
RR
Officers— President, John B. Parsons 1st Vice-President, Geo. D
Widener; 2nd Vice President, and General Manager, Charles O. Kruger
Secretary and Treasurer, Robert B. Selfridge; Assistant-Secretary and
Treasurer, Jno. B. Peddle; Comptroller, Alex. Rennick.— V. 75, p. 31,
;
Lines Controlled by Union Traction
*'o.
CATHARINE & BAINBRIDGE STREETS RY— A
trolley road.
Organization— Incorporated May 14, 1889, and leased to the Philadelphia Traction March 1, 1890, for 99 years, and since Oct. 1, 1895.
operated by the Union Traction Company; in Sep**, 1895, term of
lease was increased from 99 to 999 years and stock from $150,000 to
$400,000 (all owned by Union Traction Co.); rental is $24,000 yearly,
besides interest and taxes.
& BONDS—
8tock,par$50
STOCK
Onlsl'd'g.
Maturity.
6% M-8 $400,000
See text.
Interest.
&
(2) CITIZENS
PASSENGER RAILWAY-
ORGANIZATION— Incorporated March 25, 1858. Leased to Frankford
& Southwark Passenger Railway Company April 1, 1892. for 999
years; rental now $140,000 per annum, equal to 28 per cent on stock,
or $14 per $50 share. This lease was assumed by the Electrio Traction
Company July 1, 1893. The Union Traction now operates the road.
Stock & Bonds— Miles. Date. Interest. Outstand'g.
Maturity.
Stock $500,000 ($50)
11
28% Q- J See text.
See text.
Stock paid in $192,500; $20 on 8.500 shares and $15 on 1,500
shares. Road, Columbia Avenue to Mifflin St., 11 miles of track.
.
CONTINENTAL PASSENGER RAILWAY -A
trolley road.
Organization— Incorporated Sept. 3, 1873. Leased Jan. 1, 1880, to
Union Passenger Railway Company for 99 years at rental of $6 per
share per annum, interest, taxes and operating expenses; lease assigned
to Philadelphia Traction Company June 30, 1884. Operated by Union
Traction Company since October
sheet July 1, 1904, $600,000.
Stock
&
Bonds—
1,
1895.
Date. Interest.
$6 J-
Stock, par $50
Stocks owned, per balance
Outstand'g.
\$B2SZ\
Maturity.
O-tort
18796% J1st mortgage, ($500 J
$280,000
Jan. 1, 1909
o. I Interest at Land, T. & T. Co., Philadelphia, Pa.
and $1,000)
Due lessee for additions July 1, 1904, $672,260.
Bonds are subject to drawings of $20,000 Dec, 1, yearly. Trustee
Land Title & Trust Co. Own 1007 miles of track.
(4)
ELECTRIC TRACTION—
Organization— Incorporated May 8, 1893, and acquired control of
the Citizens' Passenger Ry.. the Frankford & Southwark Passenger Ry.
and the Second &. Third Street Passenger Ry. On July 1, 1896, leased
for 999 years the Citizens' Clearfield & Cambria St. Ry.. the Citizens'
East End St. Ry., the Brown AParrish St. Ry., and the Citizens' North
End St. Ry.
In 1895 the Union Traction Company acquired all the stock at the
rate of $85 per share for each share on which $50 had >een paid and
$70 per share for each share on which $30 had been paid, the Pennsylvania Co. for Insurance on Lives <fe Granting Annuities issuing therefor its guaranteed trust certificates. On July 1. 1896, the Union Trac
tion Co. leased the property for 998 years and 3 months. See V. 61, p.
197, and also " Union Traction."
Dividend*.
Issued.
Bonds— Par.
Outstand'g.
STOCK
&
Stock (part $30 pd.) $50
$8,297,920
Funded debt
2»2,100
8'elext.
3»a-7
Stock authorized, 175,000 shares of $50 each; issued, 152,396 shares
of $50 paid and.22.604 shares of $30 paid, making total $8,297,920.
$150,000 of rh bond* mentioned above matured Dec 1, 190 1, and
were extended for 50 years at 3 s p.c The remaining $132,100 of 7
p. c. bonds are due Oit 1, 1905.
Road- Operates 128-38 miles of track. Rail 90 lbs. -V. 63, p. JS7-
(5)
FRANKFORD & SOUTHWARK PASSENGER RAILWAY-
ORGANIZATION— Incorporated April 4, 1854. Acquired stoek of Lombard * South Streets Passenger Railway in 1890. Leased to the Electrio
Traction Co. for 999 years from July 1, 1893, dividends for the several
years named below being guaranteed per share
5th
6th
7th 8th 9th 10th & after.
2d
4th
1st
3d
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17
$18
Miles. Date. Interest. Outstand'g* Last div., etc.
STOCK
BONDS—
Stock, par $50
Q-J $1,875,000
45
See text
Debt of Controlled Lines ( assumed by Electric Traction Co.):
Lombard* South Sts.) 10 1881 3^ J-D $150,000 Dec. 1, 1951
Pass. 1st M. ($500 & > Inter'st at Real Estate Title Insurance & Trust
&
$1,000)....
Co., Trustee.
c)
West End Pass' gr Ry., (
9
1875 7 A-O
132,100 Oct. 1, 1905
M. ($100 & $500... c I Phila. Trust S. D. & Ins. Co., Trustee.
Interest on all loans payable by Elec. Tr. Co., 421 Chestnut St., Phila.
The Lombard & South Sts. Pass, issue of $150,000 was originally 5
per cent, but was called at maturity and then extended for 50 years
from Deo. 1, 1901 at 3*2 per cent.
Road— Controls 45 miles of track, acquired as follows
Frankford & Southwark Passsenger Railway
20 miles.
Lombard & South Streets Passenger Railway
19 miles.
Lehigh Avenue Railway
6 miles.
(?)
GERMANTOWN PASSENGER RAILWAY.—A trolley road.
21, 1858. Leased Oct. 1. 1881,
the People's Passenger Ry. Co. for 999 years, but rental ».odifled in
1893; stock since 1897 receives dividends yearly of $5 25 per share.
Par. Date. Int'st. Outsand'g.
Maturity,
Stock
Bonds—
Stock $1,500,000($50)
Q-J See text.
See text.
$50
$67,500
Dec. 1, 1904
I
500 1864 5 J-D
Falrm'nt Pk. & Del. f Interest Is subject to deduction of State tax and
RiverPass.Ry.M.r ) is payable at Guarantee Trust & Safe Deposit
Co. of Philadelphia, Trustee. See below.
(
Stock— Paid In $650,000; $15 per share on 20,000 shares and $35
ner share on 10,000 shares.
Road—Owns 31 miles of track. Extension of 2,000 feet from Hillcrest Avenue to city line completed in September, 1898, forms, with
the Roxborough Chestnut Hill & Norristown Passenger Ry. a through
line to Norristown.— V. 69, p. 695.
Organization— Incorporated April
to
&
18)
GREENE & COATES STREETS PHILA. PASSENGER RY.—
21, 1858. Leased to People's Passenger Ry. for 999 years from Sept. 1, 1881, at an annual rental of $60,000. interest on bonds (since fallen due) and expense of management.
Maturity.
STOCK
BONDS— Miles. Dale. Interest. Outstand'g.
&
8took,par$50
See text.
$6 Q J
{ ^is^n!" j
Dividends are 12 p. o. per annum (Q.— J.) on par or 40 per oent on
amount paid in. Owns 7 miles of road.
(9)
Date.
1st M. $150,000 ($l,000)c
1890 5 x A-O 150,000 Apr. 1, 1920
Due lessee July, 1904..
234,698
Infest at Land. T.
T. Co., Trustee, Penn. Co. for Insur.on Lives, etc
Dividends— Dividends of 6 per cent are paid
Road—The road aggregates 11 36 miles of track.
(3)
Vol. lxxix.
Organization— Incorporated Apr.
6o9, 1255.
(1)
(6)
|
EMPIRE PASSENGER RAILWAY—A trolley road.
Organization— Incorporated Feb. 10, 1869. Leased Dec. 26, 1873,
to Citizens' Passenger Railway Company and the Seventeenth and
Nineteenth Street Passenger Railway Company for 999 years. Transferred Oct. 1, 18!)5, alons; with all right to dividends on 6.100 shares
of its stock [then held by the Union Passenger Railway Co. as trustee
and lessee], by lease of Philadelphia Traction to the Union Traction Co.
Date. Interest. Outstand'g.
Stock
Bonds—
Maturity.
Stock, par $50
(All owned by Un. Tr.)
$600,000
1st M., gold, $200.-)
1900 34g. J-J
200,1-00 July 1, 1930
000 ($500
Trust Co.. PhiladelDhia. Trustee
< Land Title
Bonds— The new 3 *ss were issued to retire alike amount of 7s, due
July, 1900.
Due lessee Co. for additions July 1, 1904, $705,715.
Road— Owns 10-25 miles of track.— V. 70, p. 1150.
&
*
HESTONVILLE MANTUA &
FAIRMOUNT
PASS.
RY.—
1859. Franchise is perpetual.
Lease— Hestonville M. & F. road leased from Jan. 1, 1898, to Union
Traction for 999 years at a rental of 6 per oent on the preferred and 4
per cent on the common stock. By the terms of the lease the Fairmount Park & Haddington lease is assigned to the Union Traotion
which assumes the dividends guaranteed on that stock (all owned by
Hestonville Co). The Union Traction assumes the bonded debt of
both the Hestonville and Haddington companies and purchased 4,780
shares of the preferred and 35,294 of the common Hestonville stook,
the common at $45 per $50 share. V. 66, p. 236.
Outstanding.
Maturity.
Date. Interest.
STOCK
BONDS—
Common stock, par $50
4 J-J
$1,966,100 f.p. See text.
Preferred stock, par $50
533,900 f.p. See text.
6 J-J
May 1,1924
Coneol. M., $1,250,000 j 1894 5-3 4gM-N *1,2M),000
g., $500 & $1,000. o*x I Trustee, Girard Trust Co.
Guaranteed rental 999 year lease
Organization—Incorporated April
6,
&
1
TaslTv^sKSSlo!) -•«**-*
300,000
See text
"Leased Equip. Account." June 30,1904
241,968
100.000
Due leased lines June 30. 1904
Interest is payable in Philadelphia, x Free of tax.
* Of the $1,250,000 outstanding, $124,500 were issued Jan., 1901,
as 3 1* per cents to take up bonds of like amount of the Fairmont Pass.
Ry. due at that time, and $75,000 on March 1, 1902, to take up a like
amount of 2nd mortgage 6s maturing on that date.
Common stock authorized, 39,322 shares preferred, 10,678 shares
par value of each, $50 stook outstanding as in table.
Road— Owns 17-83 miles of track In Philadelphia; leased and operated
5-35 miles; total, 23*17 miles.— V. 71, p. 1167.
;
;
(9£)
LOMBARD A SOUTH STREET PASSENGER RAILWAY.—
See Frankford
& Southwark Passenger
Railway.
(10) PEOPLE'S PASSENGER RAILWAY.—An electrio road.
Organization— Chartered April 15, 1873. The People's Trac Co.
on April 15, 1893, acquired the entire capital stock of iliis road. The
Traction Co. then leased the People's Passenger Ry. By a tripartite
agreement this lease was <n July 1", 1896, assigned to the Union Trac
Co. for 998 years and three months. Rental Is 10 per cent per annum
on oapital stock ($2-50 per share) as below shown, nearly all of which
Is
pledged for People's Traction Co. trust certificates.
&
Outstand'g.
Maturity.
Bonds.— Dale. Interest.
stock $25
10%M-S 31 a60,000shs.
See text.
10%M-831 a23,000shs.
Preferred stock $25
See text.
.0
1875 7J.-J.15
250,000 Jan. 15,1905
1st mort. ($1 ,000)
1881 5J.-J.15
458,000 July 15, 1911
2d mortgage $500,-)
c 5 Guarantee Trust & Safe Dep Co ,Phila., Trustee.
000 ($1,000)
$1,125,000. )
1882 5 M.-8.
Con
367,000 Mar. 1, 1912
STOCK
Common
.
•
.
c&r S Guarantee Trust & Safe Dep. Co.,Phila., Trustee
$1,000
a Total stock paid in $740,965 50.
All nterest at the ottlce of the Real Estate Title & Tr. Co. Due People's
Tract on Co. July 1, 1904. for construction and equipment, $5,848,595.
The stook acquired by the People's Traction Co. was pledged as
secuiity for trust certificates. See People's Traction.
Road Company operates 83-66 miles of track, of which 6-4 miles
owned and 77-26 miles leased and operated.— V. 61, p. 469 V.63,p. jsf.
—
;
(11) PEOPLE'S TRACTION-An electrio road.
Organization— A Pennsylvania corporation chartered in March,
1893, to operate and equip with trolley the People's Passenger Ry.,
the entire capital stock of which it purchased on or about Apr. 15, 1893.
In Oct., 18».'s the Union Traction Co. acquired all Traction stock at $76
per share, the Pa. Co. for Ins. on Lives & Granting Annuities issuing
therefor its guaranteed trust cerntlcates. On July 1, 1896. the Union
Traction Co. leased the road for 998 years and three months.
Maturity.
Date. Dividends.
Issued.
Stock, Etc.—
Capital stock $30 )
a ^ a «._,...
J 200,000 shs.
text,
see
(Seetext.)
J
Trust certs., gold,
1893,no< subje't
)
to oall, $1,000.
)
>
j
Full paid.
<
Feb. 1,1943
$5,807,000
Interest, tax free, payable at Penn. Co. for Insurances on Lives, etc, Phila., Trustee.
1893 4
g.
F.-A.
:
STREET RAILWAYS.
Oot., 1904. J
1571
Trust certificates were issued by Pa. Co. for Ins., etc., and are seoured by pledge of People's Passenger Ry. stock (see that company
above), and by contract of People's Traotlon Co., whioh guarantees
rinoipal and interest. Issue limited to $1,000 for 14H 7 shares depos
ited, making total authorized $5,810,000. Of this, $5,807,000 are
outstanding. Sinking fund $25,000 yearly, beginning Feb. 1, 1903.
of Philadelphia Traotion Co., October 1, 1895, to the Union Traotion
Company; all rights of the Philadelphia Traction Co. to dividends on
the 10,000 shares of the 17th & 19th Streets road, which were then
held by the Union Pass. Ry. Co. as trustee and lessee, belnj- also transferred to the Union Company. Stook all owned by Union Trao. Co.
(12) PHILADELPHIA CITY PASSENGER RY.— A trolley road.
Organization— Incorporated April 9, 1859. Leased toWestPhlla4elphla Passenger Railway Company for 999 years from Jan. 1, 1884,
for Interest on bonds, $2,500 per year for organization and dividend of
$7 50 per share. Transferred under lease of Philadelphia Traction Co.
Oot. 1, 1895, to the Union Traotion Co.
Stock, par $50
&
STOCK
Stock, $1,000,000.
lstmort., ext'd..o.
Debentures
Darby Division
r.
Outstand'g.
Par. Date. Interest
$7*9 J-J
$50
BONDS—
500
500.&0
ROAD— Owns 11-7 miles
\
5% J- J
5%M-S
1861
l^s
$200,000
Maturity.
paid! }
100,000
43,000
See t® 1**
Jan. 1, 1910
Mar. 1. 1925
STOCK
Extended
&
.
.
—
PHILADELPHIA & GRAY'S FERRY
PASS. RY.—Trolley.
Organization— Incorporated April 9, 1858. Leased to Philadelphia
Traotion Co. for 999 years, from Jan. 1, 1891, at rental 1st live years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share
»er annum thereafter, the lessee to pay all taxes, running expenses
•to. Operated by Union Traction Company since October 1, 1895. In
March, 1903, absorbed the Schuylkill River Pass. Ry. and increated
STOCK
& BONDS—
V. 76, p. 654.
Outstand'g.
Date. Int.
Jfi»-
$4 J-J
Stook, $1,000,000($50)
Dividends at Real Estate Title Ina
(15)
<fc
\
a^f^pd!
Tr. Co.
PHILADELPHIA TRACTION—A
Last Div., etc.
See text
\
-
Owns 10 miles
of traok
trolley road.
ORGANIZATION— Incorporated Aug.22, 1883, andsecured control of an
extensive system of roads in Phila., Pa. (about 210 m. of traok), which
held either by lease or ownership of securities, not in fee.
Under the lease to the Union Traction Company dated October 1, 1895,
all the leases and the securities owned were assigned to the Union
it
Company, which assumes all liabilities for rentals, etc.
The lease to Union Traction Co. is for 999 years from October 1,
1895. The lease provides for dividends of $4 (8 per cent) per annum
•n each $50 share, payable In gold coin, free of taxes. The collateral
trust 4s are " assumed" by the Union Traction. See V. 61, p. 663, for
extracts from lease. Philadelphia Traotion stockholders were allowed
to subscribe for new Union Traotion stock. See V. 61, p. 197.
Outstanding.
Maturity,
Date.
Interest.
STOCK & Bonds—
8ee text.
A.-O.
$20,000,000
F.-A.15
729,328 Aug.15, 1917
300,000 ($1,000)0* > Interest, free of tax, payable at LandT.&T.Co.
Sub.to call at 105. > or Penn. Co. for Insurances on Lives, Trustee.
$4,064,185
Open accts. July 1, 1904
The bonds are secured by deposit of 5,900shares of W. Philadelphia
and 2,000 shares Union Passenger Ry. stook. Loan, originally $1,300,000, reduced to present figures by sinking fund drawings at 105 (about
$35,000 a year). These bonds and floating debt are " assumed" by the
Union Traction Co. under the lease.
DIVIDENDS— ? 1885, 86, '87, '88, '89, '90 to '93, '94, 95' '96, and since,
2
3
6
5
4
6
8 p. o. per an.
8 (?)
Per cent
S
Under lease, dividends of 8 p. c. are guar. V. 61, p. 663; V. 73,p. 288.
ROAD—The system assigned to the Union Traotion Co. aggregated
210 miles, consisting of the following " Passenger Railways.
Miles
Miles.
9-45
52c
Phila. City Pass. Ry
Union Passenger Ry
27-25 17th & 19th Streets
8-84
Wes f Phila. Pass. Ry
15*25 22d & Allegheny
8-25
Ridge Ave. Pass. Ry
7*30
14-80 Morris & Tasker
Phila. & Darby Pass. Ry
5- 10
13-10 Catharine <s Bainbridge sts.
13th <fc 15th Streets
10-20 Other lines
18-86
Phila. & Gray's Ferry
9*80
Continental Pass. Ry
210-00
9*80
Total of all
Empire Pass. Ry
—V. 63, p. 311, S57\ V. 65, p. 514; V. 70, p. 280; V. 71, p. 238.
Stk. ($50) $20,000,000
CoL
tr. g.
bonds. $l,->
....
8
1887
4
g.
.
'
'
(16) RIDGE AVENUE CONNECTING PASSENGER RAILWAY.
Organization—Consolidation of Girard College Passenger Ry. and
Manayunk Passenger Ry on Mar. 8, 1872. Leased
the Ridge Avenue
to the Philadelphia Traction Co. for 999 years from Sept. 1, 1892, for
dividend of $10 per share per an. to Sept., 1895, and $12 per share
thereafter. Operated by Union Traction Oo. since Oct. 1, 1895.
<fe
STOCK
& BONOS—
Outstand'g.
6
Interest.
$12 Q-J
Stook, $750,000 $50
Last div., etc
8ee text
'
$2| p'dper sh. }
On account of some old debts, dividends for 1896 were continued
at $10 per share instead of the $12 as noted above. In 1897 dividends
were increased to $12 per share. Owns 15-25 miles of traok.
\
(17) SECOND & THIRD STREET PASSENGER RAILWAYORGANIZATION- Incorporated April 10, 1858. Leased Oct. 1, 1893
to the Frankfora & Southward Passenger Railway Company for 999
years for the following guaranteed dividends per share per annum
1894-95.
1896-97.
1898-99.
1901.
1902 & aft.
1893.
1900.
See below.
$10
$12
$10 50
$11
$8 50
$9
Dividends in 1896 and 1897 were to be $9 50 per annum, but the
dividend for 1896 and for the first half of 1897 was at the rate of $9
per share instead of $9 50, the balance being applied to the payment
of the debt of $27,000 incurred for paving.— V. 62, p. 785.
This lease was assumed by Electric Traction Co. July 1, 1893.
Last div., etc.
Outstand'g.
Stock
Bonds— Date. Interest.
8
&
Ue
204
^h ares; p arl5b
^^ <W
C
"Sundry
(18)
S
liabilities,"
June
$771,076 pd. In.
STS.
Outstand'g.
Maturity.
lessee for additions July 1, 1904, $554,289.
Road—Owns 884 miles of traok.
Due
(19) THIRTEENTH & FIFTEENTH STS. PASS. RY.—A trolley road.
Organization— Incorporated April 8, 1859. Leased Jan. 1, 1892, to
Philadelphia Traction Company for following rental: From January,
1892, to January, 1894, $9 per share per annum; 1894 to Jan., 1897,
share; 1897 to Jan., 1900, $11 per share, and from Jan., 1900,
tlO per
12 per share. Lease transferred to Union Traotion Ootober 1, 1895.
Interest.
Outstand'g.
Maturity.
BONDS— Date.
STOCK
•"« \*W£]
p r
*»*«*
$500,000
Jan. i, 1934
Consols ($500,000) o. 1894 5&3-a% J-J
90,000
Real estate mtges
The consols are guaranteed principal and interest by the Philadelphia Traotion Company, and the coupons are payable tax free; $100,000 of these are 3*a p. cents and were exchanged for old 7 p.o. bonds of
like amount due Oot. 1, 1903. V. 77, p. 695.
Interest and dividends are payable at office of the Fidelity Trust Co.,
the trustee of both mortgages.
Dividend in July, 1895, $5 uer share; the January, 1896, dividend
V. 61, p.
ir as not paid, owing to payment of olty's claim for paying.
1155. In July, 1896, paid $4 per share; in 1897, $10 50 per share; in
share;
in
in
$11
per
1900,
share;
1899,
$11
50
per stare;
1898, $11 per
in 1901, $12 per share; In 1902, $12 per share; in 1903, $12 per share.
share.
per
in 1904, $12
ROAD— Owns 15 miles of track. V. 67, p. 734; V. 77, p. 695.
(20) UNION PASSENGER RAILWAY—Trolley road.
Organization—Incorporated April 8, 1864. Leased to Philadelphia
Traotion Company for 999 years from June 30, 1884, at an annual
rental of $285,000, or $9 50 per share on stock, and Interest, taxes, eto
There are outstanding 30,000 shares ($1,500,000) of stock, on whioh
$30 83>3 has been paidln on eaob share, or a total of $925,000. Stock
considered full paid. Its lease of the Continental Pass Ry. was
assigned to the Philadelphia Traction Co. and since Oot. 1, 1895, operated by the Union Traction Co. The Union Passenger Railway Co. is
still holding, as lessee and trustee, 6,100 shares Empire Passenger Ry.
stock and 10,000 shares of 17th & 19th Streets Passenger Railway.
Interest.
Outstanding. Maturity.
BONDS— Date.
STOCK
8
Beet**
is
&
S&.^.1
*•**
ra°S
5xA-0
$500,000
Mar.31,1911
1881
Not now redeemable before maturity.
Penn. Co. for Insurances on Lives, Trustee.
5xA-0
250,000
Mar.31,1910
1884
2d mortgage ($100 )
and $500)
0.5 Int. on both loans at Land, T. AT. Co., Phila., Pa.
Due lessee company for additions July 1, 1904, $6,656,392.
The 1st mtge. 5s of 1911 were formerly subject to call $20,000 yearly, but bonds now bear \,he following endorsement "By a resolution of
the Board of Directors, passed Ootober 21, 1884, this bond is not subject to redemption before maturity.— J. B. Peddle, Sec."
Road— Owns 56 miles of track.
mortgage ($100 >
and $500)
o. >
1st
:
(2
)
WEST PHILADELPHIA PASSENGER RY.-Trolley.
1
Organization— Incorporated May
14, 1857. Leased Jan. 1, 1884, to
the Philadelphia Traotion Co. for 999 years, at an annual rental of
on
stock,
and
interest, taxes, etc; transferred
$150,000, or 20 per oent
Oot. 1, 1895, to Union Traction Co.
Interest.
Outstand'g.
Date.
Maturity.
Stock
Bonds—
Stock, par $50
$10 J-J
$750,000
See text.
1876
1st mort. ($1,000), 5
246,000 April 1, 1900
Girard Trust Co., Philadelphia, Trustee.
gold
ol
&
6A-0
2d morl <<fcl 000)
rrom tW*
tax.
* reeTfrom
f™
o(
i
1886
5 M_N
May 1. 1926
750,000
Pennsylvania Co. for the Ins on Lives & Gr. of
^
Annuities, Philadelphia, Pa. Trustee.
Interest on both loans payable at Land, T. & T. Co., Philadelphia, Pa.
Due lessee for additions to July, 1904, $2,509,620.
Road— Owns 27-25 miles of traok
,
INTER-STATE RAILWAYS.-
ORQANszation— Incorporated in New Jersey on December 3, 1902,
with very broad powers. Is empowered to acquire and operate railroads, to develop and furnish all kinds of motive power, to manufacture, mine and deal in ooal, gas, oil, eleotrioity. steam, light, heat,
etc., eto. In December, 1902, obtained control of the United Power
& Transportation Company through purchase of the outstanding
($3,593,750) capital stock, on a basis of $75 for each $25 share,
payable in collateral trust bonds. Up to February 1, 1904, $3,592,200
of this stook had been exchanged for bonds on this basis. United
Power shareholders also had the right to subscribe for one share of
Inter-State sto k for every fourteen held.
The Inter-state Rwys.
likewise owns $.250,000 Wilkes-Barre & Wyoming Vailey Trao. 5 per
cent collateral trust bonds. Has also acquired the franchises and
capital stock of about 40 projected companies, whioh propose operating in New Jersey and Penn. See V, 75, p. 1399.
Date.
Interest. Outstanding.
STOCK
Maturity.
BONDS—
Stock, $10,0u0,000($l00)
$2,000,000 f. p
Collateral trust, gold, ) 1903 3-3i<a 4g.F-A 10,776,600
Feb. 1, 1943
$10,781,250
o* $ Int. atReal Est,Title,Ins. <&Tr.,Phlla., trustee.
Stock was listed on the Philadelphia Stock Exchange in April, 1903.
Bonds are dated Feb. 1, 1903, and are secured by deposit of United
Power <fe Transportation stook. They bear 3 p. o. interest the first
year, 3^ the second and 4 the third and subsequent years. Denominations. $100, $500 and $1,000. Are subject to call at 105 and inter-
&
est after Feb. 1, 1913,
on 30 days'
notice.
Report—The first annual report
covering the year ending Jan. 31,
1904, shows: dividends (10 64 p. c.) on $3,592,200 stock of the United
Power
Trans. Co. (See V. 78, p. 2S4, 288), $38 '.210 other Income,
$21,236; total, $403,446; interest on Interstate Rys. coll. trust bonds,
$323,280; expenses account and taxes, $9,979— $333,259; sur., $70,186
OFFICERS— President, John A. Rigg. Vice- Pres., Jos. L. Caven; Sec.
Treas., Remi Remont.— V, 76, p. 158,705,810; V. 78, p. 702.
&
;
&
See text.
UNITED POWER & TRANSPORTATION
30, 1904, $286,495.
SEVENTEENTH & NINETEENTH
Intesest.
3% J-J \ ™£™$™- \ See text.
July 1,1919
1876
$100,000
5% J-J
Interest at Land, T. & T. Co., Philadelphia, Pa.
1
o3oo oo r. :* ::}
PHILADELPHIA & DARBY RAILWAY—A trolley road.
oapltal stock to $1,000,000.
<,
Date.
&
of track.
ORGANIZATION— Incorporated April 28, 1857. Leased to the Philadelphia City Passenger Railway Company for 999 years from Jan. 1, 1870,
for $8,000 per annum and interest on bonds. Transferred under lease
•f Philadelphia Traotion Co. Oot. 1, 1895, to Union Traction Co.
Interest.
Outstand'g.
Maturity.
Date.
BONDS—
STOCK
See text.
4 J-J
$200,000
Stook, par $50
4M-N
100,000 May 1, 1927
„5
,_«.
^„ Q „„
o Intere8t at LluxAt T & T Co ., Philadelphia, Pa.
1st mortgage
£
ROAD Owns 14-80 miles traok.
(14)
BONDS—
lstJM. ($500). ..0)
8t
(13)
&
CO.— Electric roads.
PASSENGER RY.—
ORGANIZATION— Incorporated April 12, 1859. Leased to the Continental Passenger Railway Co. for 99 years from July 1, 1879, at rental
of $15,000 per annum, being 3 per cent on 10,000 shares (of $50 par)
stook, Interest on bonds, taxes, expenses, etc. Transferred under lease
Incorporated April 20, 1899, under New Jersey laws to construct,
operate and own street railways, power companies, etc, and do a
general business (V. 68, p, 929). In Dec, 1903, f;ock was acquired by
Inter-State Railways Co., whioh see immeiia r ely above.
On Jan. 1, 1904, owned the following stocks and bonds. We show
also the total amounts outstanding of eaoh issue.
STREET RAILWAYS
1572
Total
Owned.
Stocks.
Citizens' Electric Light
Delaware County
& Power Co. of Delaware Co.
Shares. Shares.
Sohuylkill Valley Traction
: .
Co
Southwestern St. Ry
Trenton Street Ry
Trenton Traction Co
United Traction Co. of Reading, Pa
Wilkesbarre & Wyoming Valley Traction
Wilmington & Chester Traction
Wilmington City Electric
Wilmington & Great Valley Turnpike Co
Wilmington & Phila. Turnpike
Wilmington & Christiana Turnpike Co
6, 229
5,993
9,993
14,993
9,991
1,631
6,992
1,142
7,500
6,000
10,000
15,000
10,000
1,640
7,000
2,600
600
400
200
240
600
400
200
240
4,938
9,990
7,995
19,953
18
7,991
49,989
39,993
5,089
4,968
10,000
8,000
20,000
. .
A Philadelphia Electrlo Ry
Edison Electric Illuminating Co. of Lebanon, Pa
Holmesburg Tacony & Frankford Electric Ry. Co
Lebanon Valley Street Ry. Co.
Media Glen Riddle & Rockdale El. St. Ry
Philadelphia & Chester Ry
Reading & Southwestern Ry
Reading & Hamburg Ry. (lOper cent paid)
"
"
Reading & Birdsboro Ry.
"
"
Reading Power Co.
"
"
Reading & Lancaster St. Ry.
Chestnut
Hill
Roxboro
& Norristown Ry. Co
Stock.
17810
8,000
50,000
40,000
5,100
974
1,040
1,035
1,200
644
Bonds.
Citizens' Electrlo Light & Power Co. 1st M. 5
Phila. & Chester Ry. Co. 1st M. 5 p. c
Sohuylkill Valley Traction Co., Inc. Mtge
Southwestern St. Ry. Co., 1st M. 5 p. c
Stock and Bonds.— stock
p. c.
.
.
Owned.
$12,500
80,000
100,000
260,000
Issue.
$12,500
350,000
100,000
400,000
authorized, $12,500,000; shares $25, full
In Mar., 1902, the outstanding stock was increased from $3,125,000 to $3,593,750 (V. 74, p. 682), the additional shares being sold
to stockholders at $35 per $25 share. Bonds, 4 per cent collateral
paid.
trust certificates, are in two series, which we have marked (a) and (o)
below. [Both bonds and stock listed on Philadelphia Stock Exchange.]
(a) Under a Trust Agreement between the United Power A Transportation Company and the New York Seourity & Trust Company,
trustee, dated May 1, 1899 (under which $7,989,339 United Railways Gold Trust Certificates have been issued by the said trust comSany as trustee), the United Power & Transportation Company has
eposited with said trust company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington & Chester Traction
Company, 14,993 shares Holmesburg Tacony A Frankford Electrlo
Railway Co., 7,991 shares the United Traction Company of Reading,
Pa., 5,089 shares the Wilmington City Electric Company and 49,989
shares the Wilkes Barre & Wyoming Valley Traction Company.
(6) Under a Trust Agreement between the United Power A Transportation Company and the Real Estate Title Insurance & Trust
Company of Philadelphia, dated May 1, 1899 (under which $998,950 United Railways Gold Trust Certificates have been issued),
the United Power A Transportation Company has deposited with the
said trust company, as trustee, 5,993 shares Delaware County A
Philadelphia Electric Railway Co. Under the above agreement an additional amount of $1,166 66 of certificates will be issued upon deposit with the trustee of the remaining shares of the capital stock of
the Delaware County & Philadelphia Electric Railway Company.
The prinolpal of both series (which are In $100, $500 and $1,000
pieces) is due at option of holder on July 1. 1949, and thereafter on
any Jan. 1 or July 1, at the option of the United Power and Transportation Co. For both series, also, the semi-annual Interest (J. & J.) and
the principal are payable in gold coin, free of tax, at the oflBce of the
Real Estate Title lrsuranoe A Trust Co. of Philadelphia, trustee.
Dividends—On Jan. 20, 1900, a dividend of 50c. per share was paid;
also same amount July 16, 1900; in 1901, Jan. 21, $1; July 10, $1; in
1902, Jan. 20, $1; July 10, $1; in 1903, Jan. 20, $1; in 1804, Jan. 16,
$2-66.
year.
Deo. 31:
From
interest
Investments.
on 4s.
$359,512
Calendar
Dividend
Taxes,
Balance,
paid.
etc.
surplus.
$747,023
$4,936
$382,375
$201
*720,560
359,512
5,396
268,750
86,902
632,475
359,502
5,517
250,000
17,456
•This includes $1 87,500 premium on 18,750 shares of stook Issued.
Earnings.— Of all electrlo light and railway companies controlled,
for year ending Dec. 31, 1903, gross, $3,792,543.
Officers.— President, John A. Rigg; Vioe-Prest., Jos. L. Caven,
Jones. General offices;
Sec. and Treas., Reml Remont Counsel,
Mariner A Merchant Bldg., Philadelphia.— V. 78, p. 284, 288.
1903
1902
1901
RL
:
(1)
DELAWARE COUNTY & PHILADELPHIA ELECTRIC BY.—
A trolley road.
Organization— Incorporated May 11, 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, In January, 1895;
connects with the Chestnut & Walnut Street oars of the Union Traction
system. In May the United Power & Transportation Company acquired the road, paying $150 per share for the stook in its 4 per cent
trust certificates secured by a deposit of the stock.
STOCK
&
Bonds—
Date.
Interest.
Stock, $500,000 auth
Outstanding.
$30L/,v)00
1893
6 J"J
64,000
Maturity.
See text.
July
1918
1,
000$
1atmnrt<?a*a<664
mortgage.»64,uuu
let
} Intere8t at oirard Nat. Bank. Phila.
DIVIDENDS— Paid in dividends: In 1899-1900, $36,000; In 1900-01,
9 27.000; in 1901-02, $21,000; in 1902-3. $21,000.
ROAD— Owns 12 miles of track. Rails 80-lb. T and girder.
Earnings— For year ending Deo.
$40,746;
int.,
31, 1903,
gross, $88,581;
net
taxes, etc., $19,745; dividends, $21,000; bal., surplus,$l.
Sec. and Treas.. T. W. Grooket Jr.
OFFICERS— Pres., John A. Rlgg;
(2)
HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.—
A trolley road.
Acquired in 1899 by United Power & Transportation Co. Paid $35
0. trust certificates for eaoh $50 share of the Holmesburg Co.
Organization— Incorporated Sept. 29, 1890. Opened Oct. 6, 1895
Date.
Interest.
Outstand'g.
Maturity
STOCK & BONDS—
Stock (par $50) $800,000
$750,000
5g. M-N
400,000 May, 1925
1st mort., $400,000. gold. J 1895
c* i
West Phila. Title & Trust Co., Trustee.
$1,000 and $500
In 4 p.
paid at R. E. Title Ins. A Tr. Co., Philadelphia.
track owned, 16-18 miles; track leased, I'll miles.
EARNINGS—Year ending Dec. 31, 1903, gross, $140,511; net, $63,958;
Int., taxes, rentals, etc, $42,955; dividends, $21,000; bal., $3.
OFFICERS.— Pres., John A. Rigg; Sec and Treas., T. W. Grooket
Interest
Is
Road—Total
(3)
EARNINGS—For year
to Deo. 31, 1903, gross, $81,835; net, $37,483;
taxes, etc, $27,477; dividends, $10,000; balance, $6.
Officers— Pres't, John. A. Rigg; Sec and Treas., T. W. Grooket Jr.;
Asst. Sec and Treas., Reml Remont.
Int.,
(
4
LEBANON VALLEY STREET RA.ILWAY.—A trolley road.
ROXBOROUGH CHESTNUT HILL A NORRISTOWN RY.-
).
A "trolley
road.
I
The United Power A Trans. Co. owns 4,938 outof the 4,968 shares of
the capital stock. In Jan., 1902. was leased for 950 years to the Sohuylkill Val. Trao. at
a rental of $4*50 per share, payable semi-annually.
Organization—Incorporated Deo. 24,1895. In 1898 leased the Whv
sahlckon Electric, 3^ miles, for 999 years; rental to be 2 p. 0. on the
$145,800 stock for the first two years, 3 p. 0. for the next six years, 4
p. 0. for the next seven years and 5 p. 0. for the rest of the
term. Also owns $199,650 of the $200,000 stock of the Trappe A Limerick Electric Street Ry. Now operates 22 miles of track. In June,
1896, filed a mortgage for $450,000 to the Real Estate Title Insurance A Trust Co., Philadelphia, securing 5 per cent gold bonds ($1.000), JAD, due June 1,1926. Issue reduced to $336,000, of which
$371,000 was outstanding Feb., 1904, and $25,000 held In Treasury. Capital stock issued, $248,400; par, $50. "Sundry liabilities"
June 30, 1903, $199,000.
Earnings are included in the Sohuylkill Valley Traction Co. President, J. A. Rlgg; Sec and Treas., T. W. Grooket Jr.— V. 62, p. 1042.
(5)
SCHUYLKILL VALLEY TRACTION.-Trolley.
In September, 1893, as successor to the
Norristown Bridgeport A Conshohocken Traction Co. Since Jan. 15,
1895, has controlled and sperated the Conshohocken Ry ,the Montgomery
Organization—Incorporated
.
County Pass. Ry., the Citizens' Pass. Ry., Ambler Electric, Collegeville
Electric St. Ry. and the Norristown Pass. Ry. The corporate existences of the several companies are to be maintained, but their bonds
will be taken up as rapidly as poesible.
In Jan.. 1902, leased for 950 years the Roxborough Chestnut Hill
A Norristown Ry.; also the Trappe is Limerick Electric Ry.
The United Power & Transportation Co. has acquired $499,500 of the
$500,000 oapital stook and the entire $100,000 income bonds.
&
Outstanding.
Date. Interest.
Maturity.
STOCK
BONDS
Stock. $1,000,000 ($50)
$500,000
mort.,
1st
Nov., 1945
5 g. F-A
245,000
$400,000, gold > 1895
($1,000)
05 Int. at West End Trust Co., Phil., trustee.
Income mort., $100,000, ) 1899 5 ann.
100,000 Aug. 1, 1949
($500)
S WestEndTrust Co., Phila., trustee.
"Sundry liabilities" June 30, 1903, $374,481.
Of the $500,000 1st mortgage dated 1895, $100,000 has been
retired and destroyed, $75,000 has been reserved to take up like
amount of the Norristown Passenger Ry. bonds and $80,000 to retire
the Citizens' Passenger Ry. bonds.
The securities of the subsidiary companies are as follows, including
both those held by the publio and by the parent company:
Company,
<tc.
—
Miles.
6H
Citizens' Pass. Ry. stook.
1st mort., gold, $80,000,
guaranteed
I'"5i*
Conshocken Ry. stock
Issued.
Maturity.
$79,520f.p. 38s in'02-03
5g.F-A
Feb. 1,1925
80,000
Subjeot to call at 105 Feb. 1, 1905
Interest.
145,900
1st mortgage, guaran'd >
5ifl
100,000
July 1, 1924
5 g. J-J
principal and Interest., s
Subject to call at 105 July 1, 1904
li«
Montg. Co. Pass. Ry. stk.
150,000
lifl
1st mortgage, gold
15,000
1924
6
J-J
414
Norristown Pass. Ry. stk.
75,000
6% in '02-03
414 6
1923
1st mortgage
J-J
75,000
ROAD Operates 53 miles of track, Including lines of above-mentioned
companies, and also Roxborough Chestnut Hill A Norristown.
EARNING8— For fiscal year end. Dec. 31, '03, gross. $306,847; net, $82,768; Int., taxes, rentals, etc, $96,856; bal., def., $14.08*. V. 70, p. 281.
Treas., T. W. Grooket Jr.
Officers.— Pres., John A. Rlgg; Secy.
—
&
TRENTON STREET RY—Trolley.
The United Power A Transowns 19,953 out of the 20,000 shares of stook.
Organization— Formed June 29, 1898, by consolidation of the
(6)
Report—For years ending
portation Co.
Trenton Passenger Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 1899, the Mercer County Traction Co. was formed, with
a capital of $100,000 and authorized bonds of $300,000, of which $130,000 are outstanding, to enable the Trenton Street Ry. Co. to build an
extension of 73 miles into Princeton. Stock and bonds all owned
by the latter, and Is operated as a part of that company's system. In
June, 1903, acquired entire capital stook of the Trenton Pennington
& Hopewell Street Ry., which it also leases.
&
Maturity, etc.
See earnings
$1,000,000
1906 to 1915
$100,000
f
($10,000 due yearly Sept. 30)
1916 to 1925
$150,000
6g.A-0- ($15,000 due yearly Sept. 30)
1926 to 1930
$100,000
Bank, Trenton,N. J.
($20,000 due yearly Sept. 30)
$650,000
Sept. 30, 1931
July 1, 1938
5g.J-J $1,000,000
( 1898
1
™™+
«,™
C 8
Int. in Trenton and at R. E. Title Ins. A Tr.
*9
nko
oo*fooo'c^
$i,wo..o
$2,000,000,
Pnlla- Gir- Trust Co#> Trustee.
^ Co
Bonds— $1,000,000 consol. 5s of 1898 are reserved to retire 1st 6s.
ROAD— Owns about 61 miles of track. The new tracks have90-lb.
Johnson girder rails. Has power house of sufficient dimensions to
operate the system and also to light the city.
EARNINGS —Year ending Deo. 31, 1903, gross, $426,458; net, $166,473; int. and taxes, $136,542; bal $29,931; dividends paid, $39,930.
Officers— Pres., John A. Rig?; Vice-President, H. 0. Moore; Sec
and Treas., T. W. Grooket Jr.- V. 68, p. 284, 475.
Date.
BondsStock
Stook, $1,000,000, p. $50
Tr. Pass. First mort
$1,000,000, gold
$1,000 each, c*
1891
Interest at Nat. Mechan.
Interest. Outstand'g.
'
m
.
(
,
(7) UNITED TRACTION (OF READING)—
In 1899 control acquired by the United Power & Transportation Co.,
whioh holds 7,991 out of the 8,000 shares of stock. Stockholders were
given. $75 in 4 per cent collateral trust bonds of the Power A Transportation Co. for every $50 of United Traction Co. stock held, with
right to subscribe for Power A Transportation stook.
Organization—Incorporated on Dec. 17, 1895, in perpetuity, to control the Reading Traotion, leased on Jan. 1, 1896, for 900 years, and
Reading A Womelsdorf Elec. (stock owned) roads. Also owns the stock
of the Metropolitan Elect. Co., the Oley Valley Ry. Co., the Neversink
Mountain Ry., Front A Fifth St. Ry. Co., and Birdsboro St Ry. Co.
On Aug. 1, 1901, the United Traction, leased the Reading A Southwestern Ry. of 7 1* miles, for 999 years, for Interest on $100,000 bonds
and 12 per cent on the $130,000 capital stock.
Outstand'g. Maturity.
Int.
Date.
8TOCK& BONDS—
$400,000 full pd
Btock, $400,000 (par, $50)
Jan.1,1926
149,900
lstM.,coll. trust, gold. $150,-) 1896 5g J-J
000 (par $100 A $1,000). .0* 5 R. E. Title, Ins. A Trust, Phila., Trustee.
July 1,1931
1901 4»*g. J-J 250,000
,,
V „.„y „„ ,„,„„,, f Int.
at Real Estate Title Ins. A Tr. Co.,
n«n
^/kl
nnm^'W
..0'
$250,000, gold ($1,000)
Organization.— Incorporated on June 28, 1899, as a consolidation
of the Lebanon & Annsville Street Railway and the Lebanon A Myers
town Street Railway. The United Power & Transportation Co. owns
°^n
9,991 shares out of the 10,000 shares of the capital stock.
Dale. Interest. Outstand'g.
STOCK db BONDS—
liabilities, "sundries," July 1, 1903, $916,369.
Co. 's office. Bonds subject to call at par after three years.
lT£b?™
1st mort. iudus,goia
6ZV%ir
0)
$
5g.J-J
5 So°;Sjulyl.-i929
-^™™at Real
Est. Title
& T.Co., Phila
5
( Int.
Ins.
I
Philadelphia, Trustee.
Current
Maturity.
•
Road—Owns 24 miles of track.
680
Total
[Vol. lxxix.
4m
Interest at
miles, Reading
miles of traok (Read. Trac,
15 miles) in and between Reading; Womelsdorf,
Blaok Bear and Stony Creek; Read. A Southwestern, 7^ miles.
ROAD— Operates 72
A Womelsdorf Elec,
—
,
eDd. Dec. 31, 1903, gross, $600,368; net, 8225,176;
dlvs., $30,000; •urplus, $1,659.
Officers— President, John A. Rigg; Vlce-Pres., Reml Remont; 8eo.
& Treas., T. W. Grooket, Jr-V. 76, p. 1086, 1302.
Earnings—Year
intf taxes, rentals, &o., $203,517;
Controlled by United Traction Co.
READING TRACTION—A trolley road.
Organization—Chartered March 9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which It
•quipped with electrioity and leased for 99 years, the former from
April 1, 1893, and the latter from May 1, 1893. Road leased in December, 1895, to the United Traotion at a rental of $10,000 annually for
first three years, $20,000 for next two and $30,000 thereafter.
BONDS— Par. Date. Interest. Outstand'g. Maturity.
STOCK
$1,000,000
See text.
J-J
Stock. ,$1,000,000 au. $50
1893 6g. J - J
445,000 Jan. 1, 1933
lstM.,$600,000,g.,gu<
Not subjeot to call c* ( Provident Life <fc Trust Co., Phila., Trustee.
Due lessee oompany June 30, 1903, $200,460.
Interest Is payable in Philadelphia at Bank of North America and in
Reading at the office of the company and National Union Bank.
&
Bonds—Of the Reading Traction first mortgage bonds
for $600,000;
$112,000 are reserved to retire Reading City Passenger bonds when due.
Dividends- In 1900, 2 p.c; in 1901, 2i*p. o.; in 1902, 3 p. e.; In 1903,
3 p. c; In 1904, Jan., ^ p. o.
leased lines secub's. Par. Date. Interest. Outstand'g. Last div., etc.
Reading City Pass. Ry.
Stock (see below)
J-J
$50
IstM
1889
$350,000
112,000
Apr., 1909
100,000
25,000
See text.
July 1, 1937
J-J
50
1897
Bonds. $25.000
Read. & Temple Elec.Ry.
A-O
5
East Reading Elect. Ry.
Stock, full paid
5 p.
o.
See text.
7 A-O
73,700
See text.
5 A-O
73,700 Oct. 1, 1924
Dividends on Leased Line Stocks—The Reading City Passenger stock
to receive dividends. 1896 to 1899 inclusive, 10 per cent; 1900 and
thereafter, 12 per cent. East Reading stook receives dividends 1896,
$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
& Temple Electric pays 7 p. o. annually in dividends, A. & O.
Road- Owned and leased 41^ miles of track. V. 64, p. 177.
Stock, $75,000, guar
1st mtg., $75,000
1894
:
(b)
READING & WOMELSDORP ELECTRIC RAILWAY.
Organization, Etc.— Owns 15 miles of track. Controlled through
ownership of stock by the United Traction Co., which operates the road.
STOCK
BONDS—
&
Date.
Interest.
Outstand'g.
Maturity.
$500,000
386,000 Jan.
Stock
1st mortgage,
$400,000,5 1895 5 g. J-J
gold, o* ($100, etc.)
\ Real Est. Title Ins.
Interest at Reading Trust Co. of Reading, Pa.
1,
1925
& Tr., Phila., trustee.
(8) WILKESBARRE & WYOMING VALLEY TRACTION.—The
United Power & Trans, owns 49,989 out of the 50,000 shares of stock.
Organization— Incorporated Feb. 7, 1891; controls all the street
railway lines in the Wyoming Valley, Pa., extending from Wilkesbarre
to Duryea and Nantiooke on east side of Susquehanna River and
Pittston and Plymouth, on west side. In Dec, 1902, made collateral
trust mortgage for $250,000 to purchase stock of the Wilkesbarre
Dallas & Harvey's Lake Ry. Co. and for other purposes. These bonds
are held by Inter-State Rys.
&
BONDS—
Date.
Outstand'g.
Maturity.
$5,000,000
See text.
1891 5g. A-O
<
1,500,000 Apr. 1,1921
o* \ Interest at Provident Life ATrust, Phila.
($1,000)
Oollat. Tr. & Mortgaged 1895 5g. J-J
$317,000
Jan. 1, 1925
$325,000, gold
I Int. at Anthracite Sav. Bk., tr., Wilkesbarre.
Coll. Tr & mort., gold ) 1902 5g. J-D
$250,000
Dec. 15,1922
($1,000), $250,OOO..o* (Int. at Real Est. Title, Ins.&Tr. Co., Phila., Tr.
Accounts payable June 30, 1903
$426,353
Underlying Bonds on Roads Purchased—
7
Coalville Pass. Ry. mtg
12,000
5 p. e.
^ ^ract^Co.
Wilkesb. & Surb. bonds
4 p. o.
40,000
July 1,1918
Wilkesb. & W. Side bds
[5 p. o.l
35,000
Sept. 1,1918
Guaranteed bonds—
$200,000
Pitt. St. Carl stM. ($1000) ) 1893 6g. J-D
Deo. 1,1918
g.c*,p.<fei.uncondlt'ygu. s Int. at Real Estate L. <fcTr. Co., Phila., True.
PlymouthBr. Oo.lstgold < 1894 5g.A-0
$150,000
Oct. 1, 1924
M.$150,000, guar.p.&i. ( Int. at Anthracite Sav. Bk., trustee, Wilkesb.
$10,000 subj. to call in 1904 and $3,000 yearly thereafter.
Wilkesbarre & Kingston
5 F-A
90,000
Aug. 1, 1918
Wilkesb're&E. SideRy
5s
150,000 See (If) below.
Bonds— Interest on the Wilkesbarre & Kingston bonds reduced to
5p. o. In Aug., 1903, and bonds extended to Aug. 1, 1918. Int. on the
Wilkesbarre & Suburban bonds reduced in 1908 to 4 p o. and bonds
extended to July 1, 1918. TheWilk. &Wyo Valley colL tr. bonds of
1902 are subject to call after 10 years at 105 and accrued interest.
Dividends In 1896, Jan., 1 per cent; July, 1 per cent.; in 1897,
Jan., 1 p. c; In 1898, Jan., 1 p. c; in 1899, Jan., 1 p. o. In 1899-00,
3%; in 1900-01, 3%; in 1901-02, 414%; In 1902-03, 3 p. 0.
Road— Comprises 67 miles of track, fully desoribed in the
Chronicle of Feb. 22, 1896, page 361.
Companies Controlled in System—The following table shows the
several companies operated, their mileage, capital stock, and the
amount of it owned by the Traotion Company, their debt, and finally
the rental payable under 999-year leases; 6 per cent here meaning 6
per cent on the outstanding capital stook; and $1 meaning a nominal
rental, the company having only a nominal existence.
STOCK
Interest.
Text.
Stock (par $100)
1st M. $1,500,000, gold
—
.
Name of Oompany.
Coalville Passenger Railway
Nanticoke Street Railway..
Pittst. Moosio & P. V. St. Ry.
Pittston Street Car
Plymouth Street Railway...
W. Pittston &Wyo. St. Car..
Wilkesbarre
&
East Sidefl...
Stock.
.
Issued.
Owned.
Debt. Rental.
5-67 $62,400 $33,700 *$12.000 6 p.c.
9-68
12,000
12,000
None.
$1
1-95
42,000
42,000
None.
$1
8-82 200,000 200,000 200,000
6-00
12,000
None.
12,000
$1
2-25
30,000
30,000
None.
$1
Miles.
500
150,000 150,000*150,000
100,000
99,700
90,000 6 p.c
100,000
93,500 *40,000 6 p.c
100,000
92,450 *35,000 6p.c
Plym outh Bridge Co
75,000
75,000 150,000
H Entire stock and bonds deposited under collateral trust of 1895.
Entire amounts all owned by the W. & W. Valley Trac, with the exception of the Wilkes. A West Side, of which only $23,000 is owned.
Earnings.— For year ending Deo. 31, 1903: Gross, $804,181; net,
$311,9t5 interest, rentals and taxes, $161,961 dividends, $150,000;
urplus, $4.-V. 66, p. 285; V. 68, p. 830, 1134; V. 69, p. 29.
Wilkesb. & Kingst. Pass. Ry. 6-60
Wilkesb. & Suburb. St. Ry.. 10-00
Wilkesbarre <fe West Side
9-63
;
:
1573
STREET RAILWAYS.
Oct., 1904.]
(a)
J
;
(9) WILKESBARRE DALLAS & HARVEY'S LAKE RY.— The
Wilkesbarre & Wyom'g Val. Tr. Co. owns 3,875 out of the 4,000 shares.
Organization— A. reorganization in 1898, per plan in V. 66, p. 1190
of the Wilkesbarre <fe Northern RR., sold by sheriff in Sept., '93. Bead,
partly constructed, was completed and eleotrioally equipped by new
company fro <i Luzerne, Pa., there connecting with wilkesbarre &
Wyoming Valley Traotion, to Harvey's Lake, Pa., 12-48 miles.
STOCK
&
BONDS—
Dale.
Interest.
Stock, $200 000 ($50)
2
p. 0.
Outstanding.
$200,000
150,000
Maturity.
1903.2%
Sept. 15, 1924
5 g. M-S
o* 5 Int. at Anthracite Sav.Bk.,Wllkesbarre, Trus.
srold, $500
EARNINGS— For year to Deo. 31,1903: Gross, $53,850, net, $16,393;
int., taxes, etc, $10,336; divs., $6,000; sur., $67.— V.69, p. 133.
lstmortgage,$150,000,
(10)
)
1898
WILMINGTON & CHESTER TRAOTION-
& Trans. Co. owns 39,993 out of 40,000 shares of stook.
ORGANIZATION.—Incorporated Maroh, 1898. Controls all the street
railwav lines of Wilmington, Del., and Chester, Pa., comprising with
leased lines about 71 miles of track. It controls the line from Chester
to Media, also the line to Darby, where connection is made with the
Union Traction Company's line to Philadelphia. In 1898, acquired
all the stock of the Wilmington City Ry. ($517,850) and of the Chester
Traotion Co ($500,000), both of whloh are deposited under the collateral trust mortgage of the Wilmington & Chester Traotion Co. The
Chester Traotion Co. holds all the stock of the Union Railway Co.,
$100,000; Chester <fe Media stook, $35,000; Chester Darby & PhiladelUnited Pow.
phia stock, $65,000; total, $200,000.
&
Maturity.
Date. Interest. Outstand'g.
BONDS
Stock
1903, 6%
Stock, $2,000,000; $50,f.p.Listed on Phil. Ex. $2,000,000
2,305,000 Apr. 1, 1918
1898 5 g. A-O
Coll. tr., gold, $4,000,000 )
($500 and $l,OOOea.).o* S Provident Life & Trust Co., Pnlla., trustee.
Securities op subsidiary lines (not owned)—
600,000 Sept. 1, 1911
Wil.CitylstM.,$600,000,) 1891 4 g. M-S
0$ Int. at Equrt. Guar. Tr. Co.,Wilmington, Del.
gold, $500 eaoh
Chester Trac IstM., gold
0* 1894 5 g. M-N
250,000 May 1, 1914
($250,000)
Leased to Chest. Tract.—
Union Ry. Co. 1st M., gold
1893
5 g. J200,000 Jan. 1, 1913
($500 A $1,000)0
10
150,000 rentallOp.o.
J-J
Chester St. Ry. stook ($50)
100,000 July 1, 1913
Ches. & Media El. Ry.gold) 1893 5 g. J-J
5 g. J-J
125,000 July 1, 1913
Ches. Darby & Phila. gold. 1893
Interest on Chester Traction, Union Ry., Chester Street Ry., etc,
payable at Delaware County Trust Co., Chester, Pa., and interest upon
all the latter guaranteed by Chester Traction Co.
Bonds—$1,695,000 oollat. trust 5s of 1898 reserved to retire underlying securities and guaranteed stook. Bonds subject to call at 103
after Apr. 1, 1914. Wilmington City bonds were subject to oall on Sept.
1, 1901, but Interest reduced from 5 to 4 p.c and right to oall canoeled.
Earnings— For year to Dec 31, 1903. Income from securities owned,
$238,973; interest, taxes, etc. $118,969; dividends, $120,000; aurp. $4.
OFFICERS—Pres., John A. Rigg; Sec and Treas., T. W. Grooket Jr.;
Asst. Sec and Treas., Reml Remont— V. 68, p. 620,929.
(a)
CHESTER TRACTION—A trolley road.
entire stock of Chester Traction and also
the Wilmington City Ry. (Delaware) acquired by Wilm. & Chester Trac
all the stock of Union Ry. Co., $100,000,
holds
Chester Traction Co.
Chester & Media stock, $35,000, Chester Darby & Phila. stook, $65,000.
All interest payable at Delaware County Trust Co., Chester, Pa. Interest upon all subsidiary securities guaranteed by Traction Co.
Interest.
Outstanding. Last Div. die
Date.
BONDS—
STOCK
$500;000
In 1903, 4%
8took($500.000);par, $50
5 g M-N
250,000
May 1, 1914
1st M., gold. ($250,000) < 1894
0* {Int.atDel.Co.T.S.O.&T.Ins.Co ,Chester,Trus.
($1,000)
Accounts payable June 30, 1903, $432,365.
Road— Company operates 33 miles of track
EARNINGS—Year ending Dec. 31, 1903, gross, $333,370; net, $125,147; interest, taxes, rentals, etc, $105,142; dividends, $20,000; balanoe, surplus, $5.—V. 71, p. 1312.
Consolidation—In 1898
&
(11) PHILADELPHIA & CHESTER RY.—A trolley road.
$349,600 of the $350,000 stock of the Philadelphia & Chester Ry.
owned by the United Power & Transportation Co.
STOCK
&
BONDS—
Date.
Stock, $350,000 ($50)
1st mtge.. $350,000 ($500
0*
& $1,000), gold
Interest.
Outstand'g.
Is
Maturity.
$350,000
350,000 Nov.
<
1900
\
Int. at
5 g. M-N
1, 1930
Finance Co. of Penn., Phila., Trus.
Bonds cannot be called.
EARNINGS—For year ending Dec 31,1903, were: Gross, $23,807;
net, $920; interest and taxes, $18,790; balance, deficit, $17,870.
ROAD-—Owns and operates 8 83 miles of track from Philadelphia to
Chester and from Essington to Moore's Station
OFFICERS.— President, J. A. Rigg; Treasurer, T. W. Grooket Jr.
-
(12)
SOUTHWESTERN STREET RY—A trolley road.
Chartered Sept.
&
3,
1897.
BONDS—
Dale. Interest. Outstanding. Maturity.
$100,000
Stock, $400,000 ($50)
1929
1st M., $400,000 (cannot be 5 1899 5, 4 g.F-A 400,000
called), gold ($1,000
< Int. at West End Tr. Co., Phila., trustee.
Sundry liabilities June 30, 1903, $165,027.
Slock and Bondt.— $260,000 bonds and all the stock are owned by the
United Power A Transportat'n Co. Interest on the remaining $140,000
was reduced to 4 p. c, in consideration of their guarantee, p. & i., by
the Chester Traction Co.
Earnings—For year ending Dec 31, 1903, were: Gross, $54,581; net,
$21,522; interest, taxes, etc, $21,518; bal., surplus, $4.
Road— Owns and operates 16 miles of track within the limits of
Philadelphia. Track laid with 90-lb. girder and 60-lb. T rails.
OFFICERS— President, John A. Rigg; Treasurer, T. W. Grooket Jr.
STOCK
PHOENIXVILLE, PA.
PHOENIX GAS & ELECTRIC
and
CO.-Gas,
eleotrlo
trolley.
Organization.—Incorporated in New Jersey Sept. 21, 1901, for the
purpose of acquiring and operating all of the gas, eleotrlo and street
railway properties of Phosnlxville, Royersford and Spring City, Pa.
Has acquired the entire stoek of the Schuylkill Valley Illuminating
Co., Consolidated Schuylkill Gas Co. and Montgomery & Chester
Eleotric Ry. Co. The capital stocks of these companies, together with
the entire issue of bonds ($100,000) of M. & O. Eleo. Ry. and part of
the bonds of the other two companies have been deposited with the
trustee as collateral for the new mortgage. V. 74, p. 271.
STOCK
&
BONDS—
Date.
Interest.
Outstanding.
Maturity.
$831,500
750,000
Oct. 1, 1951
Phamlx Gas A E., Col. ) 1901 5 g. A-O
Tr., $1,000,000 ($600 Vint, at Real Estate Trust Co., Philadelphia,
& $1,000), s. f.» gold c* ) Trustee. Can be called at any time at 110.
July 1, 1923
60,000
Schuylk. Val. HI. mort., ? 1893
6 g. J-J
$60,000, gold ($500)o* 5 Int at Tr. Co. of No. Amer., Phila., Trustee.
150,000
Oct. 1, 1929
ConsoL Schuylkill Gas C 1899 5 g. A-O
mort., $200,000 ($500 < Interest at Real Estate Trust Co., PhiadelStock, $1,000,000
0* ( delphia, Trustee.
and $1,000)
Bands.— Of the new Phoenix Gas A Eleotrlo bonds. $168,500 are
reserved for future extensions and improvements. A sinking fund of
1 per cent per annum of outstanding bonds becomes operative In 1907.
Bonds of the Consol. Schuylkill Gas Co. may be called In 1909 at par.
Road.— Owns 6^ miles of traok between Phoenix ril* > and Spring City.
OFFICERS.— Pres., I. J. Brower,Phoenlxville; Sec and Treas., F. H.
Shelton, 1004 Pennsylvania Bldg., Philadelphia, Pa.- V.74, p. 271.
[Vol. lxxix.
STREET RAILWAYS.
SECURITIES OUTSTANDING APRIL
1904
PITTSBURG, KANSAS.
Date.
Rate. Outstanding.
Stock & Bonds—
[PITTSBURG RAILROADStock, common, $30,000,Q J $28,953,029 Nov., 1904,
1574
1,
Lastdiv.,etc.
ORGANIZATiON—This
company was formed
as successor to the Pittsburg Frontenac A Suburban Electric, the Pittsburg Electric Ry., the
Forest Park Eleotrlo Ry. and the Pittsburg Weir City A Columbus RR.,
all sold at foreclosure in Ootober, 1899.
Maturity.
Date.
Interest.
Outstanding.
BONDS—
STOCK
Stock $125,000 ($100)
$125,000
Jan. 1,1920
5 J-J
125,000
1st mortgage, $125,000 < 1900
\ Int. at Merchants' Trust Co., Phila., trustee.
($1,000), coupon
ROAD— Operates 14 miles of track, running from Pittsburg to Last
Chance and Frontenac on the north, and to South Broadway, Fairview, Kirkwood, Cambria ana Chioopee on the south.
OFFICERS— Pres., John J. Tyler, Philadelphia; Vice-Pres.. Morris
Cliggett; Sec -Treas., Gen. Mgr. and Sup't, W. W. McKee, Pittsburg,
Kansas.- V. 74, p. 42.
&
PITTSBURGH, PA.
PHILADELPHIA COMPANY.-Gas
(natural
and
manufactured), electric company, trolley.
Organization.—Organized on May 24, 1884, and was originally a
natural gas company. Operates under special Act of the Legislature
of Pennsylvania (conferring many valuable rights and privileges)
ranted to its predecessor, the Empire Company, in March, 1871. Its
fuslness may be classed under three main heads, (1) Street Railways,
(2) Electric Lighting and Illuminating Gas and (3) Fuel Gas.
(1) The Street Railways comprise 440*09 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways
Co., and comprise the following properties
:
The United Traction Company of Pittsburgh,
Consolidated Traction Company,
monongahela 8trbbt railway company,
Pittsburgh & Birmingham Traction Company,
Pittsburgh Railways Company (formerly Southern Trao.),
Pittsburgh & Charleroi Street Railway Company,
West End Traction,
Suburban Rapid Transit Street Railway Company
East McKeesport Street Railway Company,
Tubtin Street Railway Company.
In Feb., 1902, acquired the elevated railroad franchises which
were granted to Messrs. Blgelow, Oliver, Quay and others. V. 74, p. 478.
(2.) 'Electric Lighting A Illuminating Gas.— Philadelphia Com
pany also owns or controls by lease the following companies, forming
the lighting department of its business:
Allegheny County Light Company,
Monongahela Light A Power Company,
Southern Heat. Light A Power company,
Consolidated Gas Company,
South side Gas Company,
Allegheny Illuminating Company.
Braddock Gas A Light Company,
Ohio Valley Electric Co. of Bellevue.
The first three are the only public organizations furnishing eleotno
current for heat, li<ht and power to Pittsburgh and Allegheny and the
territory immediately surrounding the same. The Consolidated Gas
Company operates under a perpetual charter, and with the Allegheny
Illuminating Company and the South Side Gas Company constitutes the
only gas- manufacturing companies In the cities of Pittsburgh and Allegheny, and the exclusive right to manufacture Illuminating gas in
those cities
(3.)
is
said to be vested in them.
Fuel Gas. -Philadelphia Company, through its own lines and
of a number of companies controlled by it. supplies nearly all
those
the fuel gas consumed in the cities of Pittsburgh and Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
Company controls by lease 290,458 acres of gas and oil lands
rivers.
in West Virginia and Pennsylvania. The principal fuel gas companies
controlled are:
Philadelphia Company,
Chartiers Valley Gas Company,
Equitable Gas Company,
Pennsylvania Natural Gas Company,
Union Gas Company op McKeesport,
Allegheny Heating Company.
See official statement in Chronicle of July 12, 1902, (V. 75, p. 83,)
for further details regarding the character a nd nature of the company's business.
"schedule of capital stock shares of other corporations
owned and
possessed.
Shares.
Total Issue.
United Traction Co. of Pittsburgh.... 339.998 Common out of 340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stook of Allegheny
"
"
X80.000
Illuminating Co.)
80.000
"
"
x29,850
Chartiers Valley Gas Co
30,000
'«
"
19,822
Pennsylvania Natural Gas Co
20,000
"
"
Equitable Gas Co. of Pittsburgh
13,774
14,000
"
4,908 Preferred
Equitable Gas Co. of Pittsburgh
6,000
"
13,654 Common
South Side Gas Co..
20,000
"
xl5,000 Common
The Allegheny Co. Light Co
15,000
•'
x2,C.64
"
Allegheny Heating Co
5,0<
"
Traction
Preferred
Consolidated
y232,757
240,000
"
Consolidated Traction
y284,249 Common
300,000
" being all the stook.
Union Gas Co. of McKeesport
16,0"0
"
Pittsburgh Railways Co
50,000 Preferred
"
Pittsburgh Railways Co
50,000 Common
"
"
Southern Heat, Lt. A Power Co
6,000
"
"
East McKeesport St Rv. Co
5,000
"
"
Braddock Gas & Lt. Co
5,000
"
Suburban Gas Co
2,000
"
"
Low Pressure Gas Co
1,000
"
"
American Transfer Co
1,000
"
"
Mansfield A Chartiers Gas Co
500
"
"
Duquesne Natural Gas C>
200
Fuel Gas Co. of the County of Alle"
"
200
gheny
"
"
200
Pittsburgh & Char. St. Ry. Co
•*
"
200
Mifflin Natural Gas Co
"
"
100
Tarentum Light A Heat Co
"
"
100
Carpenter Natural Gas Co
•.
Penn FuelCo
Acme Gas Co
Braddock Fuel Co
Acme Fuel Co
The Philadelphia Co.
of
West Va
100
100
70
70
xlO
24
"
««
"
»
"
"
"
"
"
'«
•«
TustinSt. Ry. Co. (no bonds out)....
All of the above shares marked thus, x, are in the hands of the
Maryland Trust Company, trustee under the first mortgage and collateral trust dated Maroh 1, 1899. Those marked y (with the ex> option
of .'57,015 shares Consol Tract, oommon he d in treasury f Phlia.
Co.) are held as seourit) for the collateral trust bonds of 1901, and these
latter bonds are also a second lien on the shares marked x.
* According to balance sheet of March 31, 1904, the value of
stocks
of other companies owned at that time was $41,356,317.
.
IV*
000; par, $50
5
Pref. stk.,5p.c.,non-cum., >
a
" B
Sept.,'04,2i«
5,744,812
$6,000,000; par, $50. ..A
Phil. Co. 1st A Col. Tr. M. > 1899
5 g M-S
5,500,000 Mar 1 1949
Maryland Trust Co., Baltimore, Trustee.
$6,500,000 g. ($1,000) c ;
M
,
Co con. M. & col. tr.
$22,000,000 g. ($1 000)
5gMN
1901
13,812,850 Nov. 1, 1951
Continental Trust Co., Bait Trustee.
Phil.
Allegh'y County Lt. st M.
1891
6F-A
$500,000
1911
East End Elec. L't 1st M. 1895
6F-A
500,000
1915
Consol. Gas com. stock,
4,000,000
$4,000,000, par $50... >
Consol. Gas pref. stock,
6F-A
2,000,000
Aug., '04, 3%
$2,500,000, par $50.. J
Consol. Gas, 1st mort., ) 1898
5 g. _F-A
5,000,000 Feb. 1. 1948
gold
Maryland Trust Co., Baltimore, trustee.
o**r5
Braddock Gas A L. 1st M.) 1888
6 M-N
40,000 May 1, 1908
$40,000 ($500 $1,000) } Interest at Farmers* Loan A Trust Co.,
sinking fund
N. Y., Trustee.
>
East McKeesport St. Ry. ) 1899
5 g. J-D
250,000 Dec. 1, 1929
1st mortg'e, $250,000 > Interest at Fidelity Title & Trust Co., Pittsburgh, Trustee.
($1,000) gold
>
Southern Heat, Light A ) 1899
5 g. J-D
251,000 Df o. 1, 1949
Power Co., 1st mortg'e Interest at Mercantile Trust Co., Pitts$300,000 ($1,000) gold > burgh, Trustee.
"
Monongahela Lighf
1899
5 J-D
1,700 000 June 1, 1949
Power Co. 1st mort'ge J- Int. at Mellon National Bank, Pittsburgh.
$1,700,000
The Union Trust Co., Pittsburgh, Trustee.
)
Ohio Valley Electric Co. 1897
6 A-O
50,000 April 1, 1917
1st mortgage, $50,000. $ Int. at Mercantile Trust Co.. Pitts., Trustee.
t
>•
&
5g.
350,000
Oct. 1, 1929
Union GasCo., McKeesp. 5 1899
Union Tract Co., Pittsburgh, Trustee.
1st mort., g., s. f
)
Int. at Mellon National Bank, Pittsburgh.
*This table does not cover suoh railroad properties as are separately
reported further on.
Stock— Stock authorized was inoreased in February, 1899, from
$7,500,000 to $21,000,000, of which $6,000,000 is 5 p. o. non cumulative preferred. The increase was made to acquire the stook of the Allegheny Co. Light Co., Chartiers Valley Gas Co. and the com. stock of the
Consolidated Gas Co.; also by exchange the United Traction stook. On
Deo. 4, 1901, stockholders authorized an increase to $36,000,000
through the issue of $15,000,000 additional common stook. The increase was mainly for the purpose of aoqutring the shares of the Consolidated Traotion Company and the Southern Traotion Company.—
73, p. 1112.
Dividends. ) 1893. '94. '95. '96. '97. '98. '99 1900. '01. '02. '03. '04.
Percent. ) 4»*
None.
5
5
4 4% 5 5% 6
6
6
The foregoing dividends are for the oommon stook. The preferred
stock was created in 1S99, and the first semi-annual payment of 24
p. o. was made in Sept., 1899, and these payments have been regularly
continued since then.
Bonds— Ol the $6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $4,000,000 was issued at once in part payment
for the stook of the Allegheny County Light and Chartiers Valley Gas
Co., and $1,000,000 is reserved to retire the $1,000,000 bonds of the
Allegheny County Light and East End Eleotrio bonds. The balance,
$1,500,000, was expended for improvements and additions.
The
bonds were in Oct., 1899, listed on the Philadelphia Stook Exchange,
and are also listed on the Pittsburg Stock Exchange. The Philadelphia
Company stook has been listed on the New fork Stock Exchange
since October, 1886, and is also listed on the Phila. Exchange. See
application to the N. Y. Stock Exchange in V. 70, p. 1198, and also
in Chronicle of Feb. 22,1902. Of the $22,000,000 bonds of 1901,
*6,500,000 are reserved to take up the $6,500,000 1st col. tr. bonds,
$12,000,000 were to acquire the pref. stock of the Consolidated
Traction Co. and $3,500,000 are for Improvements, betterments, extensions, Ac, out of which there has been issued for betterments to
property of this company $1 ,000,000; United Trao Co., of Pittsburgh,
$150,000; Consolidated Traction Co., $450,000, and Pittsburgh Railways Co., $875,000.
Report—Report for year ending Mar. 31, 1904, was inV.78, p. 1787.
1903 04.
1902-03.
190102. 190001.
Receipts—
$
$
$
$
From gas
4,377,399 3,769,163 3,188 121 2,586 450
158,492
161,155
115 073
From oil
64,989
Total receipts
4,535,891 3,930,318 3,303 194 2,651,439
Operating exp. & taxes.. 2,067,006 1,758,172 1,357,559 1,090,859
57^,227
570 6^9
Improvements, eto
612,313
544.338
Total expenses
2.679,319 2,330,399
1.856,572 1,599,919
Net earnings
Div. on stocks owned. ...1,407,440 1,424,198
Rents A miscellaneous... 213,606
123,486
1928,188
1,375.006
773,448
70,315
1,635,197
1,016,242
317,754
71,879
Total
3,477,618 3,147,603
Deduct —
Rentals of leased lines.... 131 853
118,622
921,481
863,283
Interest on funded debt
2,218,769
1,405,875
316.315
454,729
257,673
209,895
771,044
1,447,725
467,568
938,307
2,971 507
1.702 931
1,447.725
886.023
938,307
736,846
287,251
250 680
199,918
1,543
. .
981.905
2,165,698
105,625
1,053,334
Balanoe
2,424, 2o4
Premium on bonds sold
Discount on bonds sold.
67,500
Profit on realty sold
Deferred div. on Consol.
. .
2,000
698.184
Tract, stock received
2 356,784
Div. on common stock ...1,737,139
Div. on preferred stock.. 287,238
Balanoe
Charged off
..
332.407
981,325
311022
a 3 0,569
47 220
58 331
def.28,162
934,105
252 691
1,543
stook of elev. and surface railway cos. charged off.
Earnings—of the companies controlled by the Philadelphia Company
(namely, the Consolidated Gas Co of Pittsburgh, Allegheny County
Light Co., Equitable Gas Co., Braddock as & Light Co. ana Pittsburgh
Rys. Co.) for the fiscal years ending Mar. 31, lyO-J, 1903 and 1902.
1903-4.
190203.
1901-02.
Grops earnings
$11,153,952 $)0,5.c.5,^37 $5,505,943
tt.r 05,632
Operating expenses and taxes
5,956,429
2,855,469
8urplus for year
a Value of capital
Net earnings
Other income
Total income
Fixed ohges and other deduct'ns
Net Income
.
$4,648,320
208,015
$4,599,108
177,3o2
$2,650,474
95,689
»4,856 335
$4,776,410
14,3-.'6,562
13,977,171
$2,746,163
1,802,284
$52'>,773
$110.85)0
$799,239
$943,879
$107,925
$3S3,500
Phila. Co.'spropor. of above div.. "$110,661
*$104,724
*$3«2,030
* Included In "dividends on stooks owned" In the statement above,
t Inoludes dividends on preferred stock.
Dividends
—
Latest EarninRS.— Jan. 1 to June 30, 1904. cross. $7,928,594; Det
from operation, $?,862.3t>6; s«iplus alter charges, &c, and dividend
on preferred stock, $ ,3 2,843.
OFFICERS Etc —J- H. Reed, President; James D. Callery, Vice
President (now President of the Pittsburgh Railways Company); J. F
Guffey, General Manager; C.J. Braun Jr., Treasurer; W. B. Carson,
Secretary; C. S. Mitchell, Auditor. Directors Messrs. Reed, Callery,
Rhodes, Reilly, Frazier. Bowdoin and Calhoun.
McCasiiie, Earle,
Office. 435 Sixth Ave Pittsburgh, Pa -V. 77. p. 193. 251 V. 78, p. 4i),
584, 703, 989, 1276, 111V, 1782. 1787; V. 79, p. 267, 628, 1462.
;
,
PITTSBURGH RAILWAYS OO-A trolley road.
This was formerly the Southern Traotion Co.. but in accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traotion Co. on Deo. 30, 1901, voted to change the name
of the company to the Pittsburgh RailwaysCo. The Philadelphia Company had previously acquired all the stock, common and pref., of the
Southern Traotion, In aocordanoe with terms In V. 73, p. 1112.
Bt thk terms of an operating contract, bffective January
1,
the Pittsburgh Railways Co. assumed control of ai l the
properties of the consolidated traction co., the unitkd tracTION Co. of Pittsburgh and their underlying companies.
The Southern Traotion Co. was ohartered in 1900 to take over, extend and operate the West End Traction lines, which were purohased
1902,
In Aug., 1900, for $4,500,000
The following securities being in each case the entire issue) are
60,000 share* common stock of the West End Traction Co.
50,000 shares preferred stock of the West End Trad ion Co.
120 shares capital stock of Virginia Ave. Street Ry. Co.
i
400
300
12«>
400
100
"
"
"
"
"
"
•'
"
"
"
owned:
McKees Rocks & Ingram 8t. Ry. Co.
McKees Rocks & Nevil.e Isl. St. Ry. Co.
Crafton A Chartlers Valley Tract. Co.
Pitts. Banks'lle & Mt. Lebanon S. R. Co.
"
"
"
"
Carnegie Bridge Co.
C>. operates, including all companies
controlled or leased, 440-09 miles of track in Pittsburgh and outlying
boroughs. Equipment consists of 1.035 closed motorcars, 631 open
motor cars and 1 6 miscellaneous oars.
"
Road -The Pittsburgh Rwys.
:
STOCK AND 80NDS—
Common
Date.
Interest.
$2,00,000
stock,
Outstand'g.
Maturity.
$2,500,000
2,500,000
Pref. 5 p.ccuin.,$2,500,000
Debt of old Southern Traction Co.
coll. tr., g. ) 1900 5 g. A-O
$3,168,000 Oct. 1, 1950
8o. Trao. 1st
$4,000,000 ($1,000) . .c" \ Int. at Union Tr. Co., Pittsburgh, Trustee.
750.000 Jan. 1. 1938
J-J
West End Traotion con. M. \ 1898 5
{Int at Union Tr.Co., Pittsburgh, Trustee.
$1,500,000
t
Underlying loans of West End Traction—
M
. .
Pittsburgh Crafton &MansHeld 1st M
J-J
250,000 July 1, 1924
Pittsburgh Trust Co., Pittsburgh
J-J
.500,000 July 1, 1922
Pitts &. West End 1st
... 1892
5
Bonds.—The Southern Traction mortgage cannot be called be
fore maturity. The $832,000 unissued is held for betterments and
Improvements. The Farmers' Deposit National Bank of Pittsburgh
ottered the bonds for sale in October, 1900. Of the portion of the 5s of
1898 of the West End Traction still unissued, $750,000 are reserved to
retire underlying bonds.
Annual Report— All companies owned, controlled and operated by
Pittsburgh Rallwaj s Co. for years ending March 31, 1904 and 1903:
1904.
1904.
1903.
1903.
M
8.661.394
3,4^4,513
Net
Other Income. 137,656
Toral Income 3,612,169
Interest. .. 1,464,441
Rental, Un't'd
Traotion
370,785
OFFICERS— President,
5
1894
5
Int. at
(
$
$
Gross
8,276.565
3,473,941
118,449
3,592.390
1,380,593
$
$
Rent., Con.Tr 757,038
66,603
Mise.,int.,&c. 165,921
64,675
Div. Un. Tr .. 150,000
150,000
Div. Con. Tr.. 720,000
720,000
Balance
def 16,076sur282,250
328,269
D. Callery; 1st Vice-President, J. H. Reed;
Tone; Secretary, W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C S Mitchell. Directors, J. D. Callery, J. H
Reed, Joshua Rhodes, A. W. Mellon, Geo. E. McCague Geo. H. Frazier,
J. 0. Reilly.— V. 71, p. 343, 391, 864, 914; V. 73, p. 554.
2d Vice-President,
(
1
)
J.
8. L.
MOUNT WASHINGTON STREET RY.—A trolley
road.
Organization.— Incorporated in Pennsylvania in Oct., 1901, and
Sycamore Street Rv. Also controls the Mount
Washington Tunnel Co. Stock of the Mount Washington Street Ry.
is owned by the Philadelphia Co.
The road is leased to the Pittsburgh
Railways Co. for 995 years for all charges, including bond interest.
later absorbed the
STOCK
& Bonds.—
Date.
Interest,
Oultland'g.
Maturity.
Stock, $1,500,000
$1,500,000
lstmtge.& col. tr $1,-) 1903 5 g. A-O
l,f 00,000
Apr. 1, 1933
500,000,gold ($1,000), >
Penn. Co for Insurances on Lives and
Guar. P. & I
o*) Granting Annuities, Phila trustee.
Bonds are guaranteed, principal and interest, by endorsement, by
the Philadelphia Co. The stock of the Tunnel Co. has been pledged
as collateral under this mortgage.
Road—Will operate about 6^ miles of track from Pittsburgh to
Mount Lebanon. Road now under construction. expected to be in
operation abouoNov. 1, 1904.
,
—
Date.
Second Ave. Trao. Mort.
M
.
;
UNITED TRACTION CO.—
operating oompany.
OFFICERS.— President, James D. Callery; Vice-President, J. H.
Reed; Sec, W. B. Carson; Treas.,C. J. Braun, Jr.; Auditor, C. 8. Mitchell.
Office, Pittsburg, Pa. Financial Agents, Alexander Brown <fe 8ons,
Baltimore, Md.— V. 70, p. 329; V. 71, p. 1 80, 1271; V. 73, p. 390.
Linen controlled by United Traction Co.
(a)
Charleroi St. R
In Mar., 1899, the Philadelphia Co. oflered to give $6,375,000 of its
common stock in exchange for the $17,000,000 common stock of the
United Traction. See V. 68, p. 479. In Oct., 1899, exchange of stock
under this plan was begun and 339,998 shares have been acquired.
On Jan. 1. 902, i he, Pittsburgh Railways Co. took over this property, and, under the terms of the operating oontraot, agrees to p*y
current dividends of 5 p. o. on the pref. stock and 1 per cent on the
common stock. The agreement lasts until Jan. 1, 1907, and thereafter until terminated by three months' notice from either party.
Date. Interest. Outstandi7ig. THv.nr Mat.
STOCK
BondsCom.stock,$17,000,000 (SO)
$17,000,000 July'f 4,iap.o.
Pref.oum., $3,000,000 ($50)
J-J
3,000,000 July, 1904, 2i*
United Trao. gen m. gold, )
1897 5 g. J-J
4,750,000
J'y 1, 1997
$10,000,000 ($1,000). o* 5 Maryland Trust Co., Baltimore, Trustee.
Interest is payable in New York City.
Loanspayable June30, '04
1,2 0.0i3
1
&
Outstanding
Underlying Securities— {1[ See also below).
Not Owned.
Federal & Pleasant Valley bonds
$1,250,000
Pitts. Alleg.A Man. bonds, 5 p.c. due Oct. 1,1930 1,500,000
Second Avenue Traction bonds
2,500,000
Annual
Charges.
$62,500
75,000
125,500
Total of bonds
$263,000
$5,250,000
Second Avenue Traction bonds for $2,500,000 as above (assumed by
United Traction Co.) include:
FEDERAL
& PLEASANT VALLEY RY.— Trolley.
8T.
Organization— Incorporated March, 1868, and has since consolidated its various subsidiary companies. The franchise is perpetual.
The North Side Traction Co. on July 20, 1896, leased the Federal
& Pleasant Valley for 960 years, assuming its funded debt of
$1,250,000 and its floating debt of $175,000, and agreeing to pay as
rental all taxes, rentals, etc., and also $70,000 yearly in cash, payable
January 15 and July 15, equal to 5 per oent on the $1,400,000 stook,
of which it owns $752,650. V. 63, p. 31, 76, 189.
Date. Interest. Outstand'g.
Maturity.
BONDS
STOCK
5 J-J
$1,400,000
See text.
Stock (par $25) full paid
5g.J-J
960,000 May 1, 1942
Consol. mort., $1,250,000, < 1892
g., $1,000, on 28 miles.. *o ( Int. at Fidelity Title & Tr. Co., Pittsburg.
Underlying mortgages
1887 5 J-J
$43,000 July 1, 1907
Observatory Hill 1st
1882 5 J-J
53,000
People's Park Pass
1913
Fed. St. & PL Val. mort
1889 5 J-J
89,000 July 1, 1919
23,000 Nov. 1, 1920
Allegheny & Belle vue 1st M. 1890 5 J-J
36,000
Allegheny St. 1st mortgage. 1890 5
1920
1890 5 J-J
4,000 Nov. 1, 1920
Perry St. 1st mortgage
42.000 Nov. 1, 1920
1890 5 J-J
Troy Hill 1st mortgage
Bonds— The consolidated mortgage of 1942 is for $1,250,000, of whioh
the balance unissued is In the hands of trustee to retire all the other
issues mortgage trustee is the Fidelity Title & Trust Co., Pittsburgh.
Road— Embraces 33 miles of track (including sidings) on about
17 miles of street rails mostly 90-lb. girder.— V. 63, p. 189.
Street
&
—
M
;
;
(b)
PITTSBURGH ALLEGHENY & MANCHESTER TRACTION.—
Organization— Consolidated with United Traction
which purchased
(c)
in June, 1897
the capital stook (V. 65, p. 27).
all
PITTSBURGH & BIRMINGHAM TRACTION.-A trolley road.
On
Jan. 1, 1902, leased for 999 years to the United Traotion Co..
which has agreed to pay all interest, taxes, eto and also $150,000
annually as rental. Lease is guaranteed by the Philadelphia Co.
Organization—Incorporated Aug. 15, 1889; Nov. 19, 1889, leased
P. & B. Passenger Ry., including South Side Pass. Ry. Co. Has also
leased and operated since Dec, 1891, Pittsburgh Incline Plane Co. and
Mt. Oliver Incline Plane Co.; operates also Birm. Knoxville A Allentown Traction Co. In Aug 1900, purchased the $400,000 capital
,
,
stock of the West Liberty Street Ry., and constructed a line to Mt.
Lebanon. V. 71, p. 343.
Outstand'g
Interest.
Maturity.
Stock
BONDS.— Date.
Stock ($50)
Text.
$3,000,000
See text.
1st mort., gold, 5s...) 1889 5 g. M. - N.
1,500,000 Nov. 1,1929
0*5 Fidelity Trust Co. of Philadelphia, Trustee.
($1,000)
B'ds,$12,000,p*d y'rly
....
5
97,000
&
Guaranteed bonds—
Blm. Snox.&A.lstM.
gold, interest guar..
B
AV6 8t
RyT lrt mort
A-O
)
5
M
- 8
1891 6 g.
500,000 Sept. 1, 1931
Fidelity Trust Co., Phila., Trustee.
F"A
1 1896 5
West Liberty St Ry.) 1900 5 g. J-J
1st mortgage
Pittsburgh Trust
)
300,000 Aug.
400,000 July
'
1,
1,
1926
1930
Co., Trustee.
Road— Operates 33-80 miles of track, laid with 90-lb. rails, as follows.
Main line, 24 miles Brownsville Ave. Ry. (all its $300,000 stook
owned), 7-33 miles; inclines, 2 miles.
Annual REFORT-Not now an operating company.—V. 69, p. 332.
;
334; V. 71, p. j43; V. 72, p. 776.
<fe
fc
11713
Total
Report—Not now an
,
Organization.— Incorporated on July 27, 1896, and in June, 1897,
purchaseoall the property and franchises of The Second Ave. and North
Side traction companies, and secured control of the Pittsb. Allegheny
& Manchester through a lease for 950 years and the purchase of its
stock. The Federal St. & Pleasant Valley Passenger Ry. is controlled
through its lease for 950 years to the North Side Traction. In 1902
leased the Pittsburgh <te Birmingham Traotion Co and the Pittsburgh
Div.or Mat.
Outstanding.
Interest.
1894 5g. J-D $2,030,000 Deo. 1, 1934
Maryland Trust Co., Balto., Md., Trustee.
<
o* \
gold ($1,000)
Interest at Brown Bros. & Co., N. Y., or A. Brown & Sons, Balto.
1889 5 J-J
120,000 July 1,1909
2d Ave. Pass. Gen. mort
1893 5 J-J
300,000 July 1, 1933
2d Ave. Traction Co.
50,000 April 1,1911
BraddockA Turtle Cr'klst. 1891 6 A-O
The United Traction receives the entire earnings of the North Bide,
Pitts. A. <fe M. and Second Ave. traotion companies, subject only to
annual charges of $263,000, as shown above.
Dividends—On preferred In 1898, 5 p. c; in 1899, 5 p. c; In 1900.
5 p. c: in 1901, 5 p. c; in 1902. 5 p. o.; In 1903, 5 p. c; in 1904, 5 p.c
Dividends of ls% on common stock commenoed Jan. 2, 1 903: 13 p. o. also
paid July, 1903, ^ap c in Jan., 1904, and >* p 0. in July, 1904.
Bonds— The new United Traction mort. is limited to $10,000,000;
bonds oannot be redeemed before maturity Maryland Trust Co. of
Baltimore Is trustee. Of these bonds, $5,250,000 are reserved to
retire the divisional bonds above mentioned. Bonds are listed on
the Philadelphia and Baltimore 8tock Exchanges.
Miles.
Road— The miles of track owned and consolidated are
63-83
Second Avenue Traotion
31-84
North Side Traction
21-45
Pittsburg Allegheny* Manchester Traotion
;
(2)
1575
STREET RAILWAYS.
Oct., 1904. J
(1)
:
1,
Lines Leased to Pittsburgh «fc Birnil nuliani Traction.
MT. OLIVER INCLINE RY.— Owned.leased and operated by PIttsb.
Blrm. Trao. Co. Stock, $100,000. Bonds, IstM. 6s, M. & N., due Nov.
1901, $44,500. Up to Oct 1904, these bonds not taken up.
PITTSBURGH INCLINE PLANE— Leased for 999 yerjs to
,
Pittsb.
A Birmingham Traction
Co., at rental equal to interest on bonds and
on $150,000 stock, free of tax, but dividends have been 9 p. 0.
yearly, balance being carried to surplus.
10
p. c.
&
Dale.
Stock
Bonds—
Stock, par $100, full paid
1st M., $1,000 each
c* 1889
C
<
2nd mortgage
1890
Interest. Outstand'g.
Q-F
6 J- J
6 J-J
$150,000
150,000
100,000
Maturity.
See text.
July
1,
1919
June 1,1910
Subject to call on any June 1 after 1894.
Int. at Fidelity Trust Co., Phila., trustee.
Hill, Pittsburgh on Bradford
Street to Washington Avenue, on top of hill.— V. 71, p. 343.
(
ROAD— Road extends from Forty
(d) PITTSBURGH & CHARLEROI STREET RY.— A trolley Road.
Organization—Incorporated April 19, 1902. and took '»ver the
Charleroi & West Side Ry.; is leased to the United Traction Co. for
900 years from May 15, 1902. Bonds are guaranteed principal and
Interest by the United Traction Co and the Philadelphia Co. The
entirrt issue of
bonds was offered by T. Mellon & Sons and the
Union Trust Co. of Pittsburgh in May, 1902.
Stock
&
Bonds—
Stock, $2,500,000 ($50)
Chart.
West Side IstM
Pitts. & Chart, 1st
$2-
&
M
Date.
Interest.
5 p.
J
1902
5g
0.
M-N
Outstanding.
$2,500,000
Maturity
75,000 Sept. 1,1929
May 1,1932
2,425,0'
000) ... .0* J Int. at Union Tr. Co., Pittsburg, Trustee.
Bonds— Of the Pittsburgh
Charleroi bonds, $75,000 is reserved
to retire a like amount of Charleroi & West Side bonds.
ROAD- Operates a ro >d between.Pittsburgli and Allenport, by way of
Castle Shannon, Flnleyville, Monongahela City and Charleroi, a distance of 3414 miles. Completed In Sept., 1903.
Officers- President, W. L. Mellon; Secretary, G. S. Davison; Treasurer, W. S. MltohelL-V. 74, p. 1039, 1090; V. 76, p. 752.
500,000
g. ($
1
&
STREET RAILWAYS.
1576
(3)
CONSOLIDATED TRACTION—Trolley road.
Organization—Chartered July 15,1895. The company has absorbed
the Fort Pitt Traction. Co. and assumed its leases of the Citizens' and
the Allegheny Traction companies, and has acquired the control of the
Pittsburgh, the Duquesne and the Central Traction companies. In
19021eased the Monongahela St.By. and the Suburban Rap. Tran. St. Ry.
On Dec. 4, 1901, stockholders of Philadelphia Company approved
Slan for absorbing the shares of the Consolidated Trac tion. See terms
l V. 73, p. 1112. 284,249 shares common and 232,757 shares preferred
have been so exchanged.
Par.
Dividend.
Interest.
Outstanding.
STOCK—
$50
$15,000,000 July, 1904, 1%
Common stook
50
12,000,000 May, 1904, 3%
Pf. stook, 6 p.o. cum.
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stock
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 48. First dividend of 1 p. o. on common
paid Jan. 2, 1903; then 1 p.o. July, 1903. In 1904, Jan., lp.c; July 1 p.o.
Road -Controls about 126 miles of track in all.
Officers—President. J. D. Callery; Vice-Prest. J. H. Reed; Sec. W.
B. Carson; Treas., C. J. Brauu Jr.; Auditor, C. S. Mitchell.—V. 72, p.
821, 872, 934, 1080; V. 73, p. 553, 723; V. 76, p. 48; V. 79, p. 627.
.Lines controlled by Consolidated Traction.
6M&N
(a)
ALLEGHENY TRACTION.—
Organization— Incorporated July 23, 1889. April 1, 1896, thiB
company was leased to the Fort Pitt Traction Company for 950
years at a rental of $25,000 per annum.
Date. Interest. Outstand'g. Lastdiv.,etc.
STOCK & BONDS—
See text.
5 p. o.
$500,000
Guaranteed bonds—
1893 5g. M-N 750,000 Nov. 1, 1923
Millvale Etna & Sharpsburg 1st M. $750,000,g. 5 Pittsburgh Trust Co., Pittsburgh, Trustee.
Dividends— The semi-annual dividend of 2^ p. o. due June 1,1901,
was passed, the proceeds being used to pay off the floating debt. In
1902, 4*2 p.o. In 1903, 5 p. c. In 1904, 2»s p. •.
Road— Including Millvale Etna & Sharpsburg, 18 ^ miles of road.
Stock, $500,000, par $50
(b)
CENTRAL TRACTION —Trolley.
&
lT?i^Z
$375,000 July
6
1889 5 J1. 1929
lstM.$375,000 \
cable line $500 \ Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.
4
1894 6 A-O
125,000 Oct. 1, 1924
1st M. $250,- )
000, $1,000. \ Interest at Union Trust Co., trustee, Pittsburgh.
Dividends— Feb. 1, 1892, $2 50 in stock in 1896, Feb., 2 p. o. in cash;
in 1898, Nov., I 1* p. 0. in cash; in 1899, 3 p. c; in 1900, 3 p. o.; in 1901,
3 p. c; in 1902, 3 p. c. In 1903, 3 p. c. In 1904, Apr. 30, l^ p. c
ROAD— 85 miles of road, of which it controlled by ownership of
capital stock, Central Passenger Ry., 3^ miles. —V. 62, p. 948, 1087.
.
;
(c) CITIZENS'
TRACTION—A
trolley road.
Organization— Incorporated July 6, 1887. On Sept. 1, 1887, purchased the entire capital stock ($200,000) of the Citizens' Passenger
Ry., which
it
now holds.
LEASE—Leased from Nov. 1, 1895, to Fort Pitt Traction Co. (now
Consol. Traction) for 950 years at 6 p. o. per annum on $3,000,000 oapital stock. In addition the lessee agreed to pay a floating debt of $175,000, and at maturity mortgage debt. V. 61, p. 661.
Outstanding.
Maturity.
Date. Interest.
BONDS—
STOCKS
6 M.-N.
$3,000,000 f.p.
See text.
Stook ($50) fully paid
1887 5 A.-O.
1,250,000
Oot. 1, 1927
1st mortgage ($1,000) <
Trust
Co.,
Pittsburgh,
Trustee
Not subject to call. ( Fidelity Title &
a*. e\nn 5 Past due, but al-
&
Purchase money mortgs
Bonds of lines whose stocks are
Penn St. Pass. Ry. IstM. 1892
Interest and dividends payable
Road —Owned and operated
y5 uuu
'
owned.
5 J.-D.
flowed to run on
250,000
June
1,
1922
at N. Holmes <fe Sons, Pittsburgh, Pa.
30*5 miles of track on 15 miles of
street.-V. 60. p. 930; V. 61. p. 112. 5-16. 661.
(d)
DUQUE8NE TRACTION—A trolley
road.
25, 1890. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 4 per cent on the $3,000,000
stock, but dividends for a year and a-half were with held for payment
of floating debt of $180,000. In May, 1896, stockholders were allowed
to exchange their stock for receipts, redeemed Oct. 1, 1896, at $37 per
Bhare in 6 per cent preferred stock of Consolidated Traotion Company
at par. 52,535 shares out of 60,000 have been so exohanged. See
V. 62, p. 1087.
Date. Interest. Outstanding.
Maturity.
BONDS.—
Stock
Text
See text.
$3,000,000
a
Z.
v
,«=im
fiiiiv
™.i<i
i
paia
rimy
Stock ($50)
^ Div payaDle at piael. Title <fe Trust Co., Pitts'h
5 J. -J.
1,500,000
July 1, 1930
o.* 1890
lstmortgage
Dividends were 5 per cent, J&J, bu lin 1893 and 1894 none paid;
in 1895, 4 p. c; in 1896, none; in 1898, 3 p. c; in 1899, 4 p. c; in 1900,
4 p. c; In 1901, 4 p. c; In 1902, 4 p. c; inl903, 4 p. c; in 1904, Apr.30,
LEASE— Incorporated Jan.
&
-
2 p.
o.
time of lease in 1896 controlled 11 companies, with a
carita) aggregating $249,700 and having 333 16 miles of road.
-V. 60, p. 930; V. 61, p. ijs, 794, 1154; V. 62, p. 948, 1087.
Road—At
(e)
FORT PITT TRACTION—See Consol. Traction Co.
MONONGAHELA STREET RAILWAYORGANIZATION— On May 26, 1898, absorbed by consolidation the
Sohenley Park & Highland, Homestead & Highlands, Braddook &
(f )
Homestead, and the Braddock & Duquesne.
In December, 1901, the Monongahela Street Ry., the Wilkinsburg &
East Pittsburgh Street Ry., the Wilkinsburg & Verona Street Ry. and
the Pitcairn&Wilmerding Street Ry. (construction of latter two roals
completed during year 1903 -04), were merged in the Monongahela
Street Ry. and stock was increased from $1,000,000 to $7,000,000
See V. 73, p. 1112. On Jan. 1, 1902, the Monongahela Street Ry.
for 99-^ years to the Consolidated Traotion Co. for interest,
taxes, etc., and an annual rental beginning with $165,000 the first
year and increasing $18,750 each year uutil $315,000 is reached.
Lease is guaranteed by Philadelphia Co. First dividend under lease
(2 per cent) was paid in July, 1904. See V. 79, p. 269.
BONDS— Miles. Date. Interest. Outstand'g. Maturity.
STOCK
See text $7,000,000
See text.
Stock, $7,000,000
1,000,000 June 1, 1928
Mon. St. Ry. lstmort., ) 17 1898 5g. J-D
Union Trust Co., Pittsburgh, Trustee.
S
$1 ,000,000, gold
E. Pitts. M.,)
Wilk.
1899 5g. M-S
2,000,000 Sept. 1, 1929
$2,000,000,gold($l,- £ ..
was leased
&
&
cfer)
O00)
Wilk. &Ver.M.,$700,-»
000, g. ($1,000) o&r }
Pit. & Wil. M., $700,.
000, g. $1,000... o&r>
"
Due lessee company June 30, 1904, $40,000.
Bonds— The Union Trust Co. of Pittsburgh
is trustee of all mortgages and interest is payable at Mellon National Bank
The Wilks. &
Ver. bonds are guaranteed, p. and i., by Wilk. & E Pitts. St. Ry. Co.,
Monongahela St, Ry. Co., Consol. Trac. Co. and Phila. Co. of Pittsb.
ROAD— Owns 23*63 miles of traok, including branches; 90-lb. rails.
Report—Not now an operating company.
OFFICERS— President, W. L. Mellon; Vice-President, A. W. Mellon;
Treas.. W. 8. Mitchell.- V. 72, p. 776; V. 79, p. 269, 627, 735.
(g)
PITTSBURGH TRACTION—A trolley road.
Organization—incorporated April 30, 1887.
Lease— Leased from April 2, 1896, to the Consolidated Traction for
950 years at 7 per cent on the $2,500,000 stook (see V. 61, p. 1154)
but 1*3 years' dividends were used to pay floating debt of $250,000.
In May, 1896, stockholders were offered reoeipts for their stook,
which were redeemed at $70 per share on Oot. 1, 1896, in preferred
stock of Consol. Traotion Co. 49,500 shares out of 50,000 have been so
exchanged See V. 62, p. 948. Pittsburgh Traction owns the $250,000
oapital stock of Bloomfleld St. Ry. and guarantees the bonds.
Date. Interest. Outstanding. Last div., etc.
Stock
Bonds.
Stock, $2,500,000 (par $50) ....
Text.
7 A-O
See text.
lstmort. 58
$750,000
Oot. 1, 1927
o* 1887 5 A.-O.
1901
iwul
„ j_ D
u
5
og,J
1901
5g.
J-J
472,000 June
405,000
1,
1931
July 1,1931
—
&
—
Guaranteed bonds
BloomfieldStreetRy.,l8t) 1893 5F.-A.
250,000 Aug. 1, 1923
our
Interest at Pittsburgh Trust Co., trustee.
c* 5
Stock—Issued 50,000 shares, on whioh $38 each has been paid.
Dividends—At company's office, Pittsburgh. Dividends of 6 per cent
have been paid in 1895, 6 p. c; in 1896, none— see above. In 1898,
1
S ^ p. o.; in 1899, and since, 7 p. o.
Road.—Owns 12-67 miles of track. Bloomfleld St. Ry. owns 3 miles,
;
(h) SUBURBAN RAPID TRANSIT ST. RY.
Organization— Was leased on Jan. 1, 1902, to Consolidated Traotion
Co. for 900 years at an annual rental of $56,000, as well as paying all
charges, including interest and taxes.
&
BONDS—
Outstanding.
Maturity.
July, '04, 2%
$1,400,000
200,000
) 1893
6 g. M-S
Sept. 1,1913
Int. at Safe Dep. & Trust Co., Pitts.. Trustee.
S
Dividends.— In 1903, 4 p. c. In 1904, Jan., 2 p. c; July, 1*4 p. o.
Road Operates 14*2 miles of track on 6 miles of street.
STOCK
21, 1888. Leased front April 2, 1896, to
the Consolidated Traction for 950 years at 3 p. c. per annum on par
value of $1,500,000 stock, see V. 61, p. 1154— and in May, 1896, stockholders were offered privilege of exchanging their stock for reoeipts,
whioh were redeemed at $30 per share on Oct. 1, 1896, in Consolidated
Traction Co. preferred stock at par. 29,133 shares of Cent. Trac. stoek
(out of 30,000) have been so exchanged. V. 62, p. 1087.
BONDS—Miles. Date. Interest. Outstanding. Maturity.
STOCK
ar 5
8t C k
8eetext'
896
1
\
e e e t-ext ! °.1
LEASE— Incorporated Deo.
[Vol. lxxix.
Date.
Interest.
Stock, $1,400,000
1st mort., $200,000,
gold, ($1,000) .... c
—
McKEESPORT
PITTSBURGHRY.—
A trolley road.
NELLSVILLE
&
CON-
In Dec, 1903, it was officially stated that this company and other
looal lines, and also all the light companies, would pass to the control
of the West Penn.Railways Co., a holding company, but in Oct., 1904,
the merger had not yet been consummated, and the properties were
being operated separately. See V. 77, p. 2391.
Organization—Incorporated December 31, 1900, as a consolidation
of the Connellsville & Uniontown Ry. Co., McKeesport Wilmerding
& Duquesne Ry. Co. and the McKeesport & Youghiogheny Street Ry.
At Duquesne and McKeesport connection is made with the Pittsburgh
city lines. In Jan., 1902, purohased the Connellsville Suburban St. Ry.
Bonds listed on the Pittsburgh Stook Exch.
of 2»fl miles for $175,000.
Interest. Outstand'g.
Maturity.
Date.
STOCK
BONDS—
Stock, $3,500,000
$3,000,000
5
1st con.mtge.$3,500,000 ) 1901
J-J
3,000,000 Jan. I, 1931
($1,000), gold. Cannot £ Int. at Meroantile Trust Co., Pittsburgh,
&
be called
)
trustee.
Of the new $3,500,000 mtge., $500,000 are reserved for improvements, betterments, <feo. The mortgage is subject to prior liens of
$202,500, to retire whioh sufficient bonds have been reserved and are
included in the above total of $3,000,000 reported outstanding. A
syndioate of Pittsburg firms and institutions offered some of the
bonds for sale in Feb., 1901. See V. 72, p. 242.
ROAD— Including Greensburg & Southern, owns and operates 94
miles of road from Duquesne (adjoining Pittsburgh) to McKeesport,
Versailles, Buena Vista, Mt. Pleasant, Soottdale, Connellsville, Leiseuring, Dunbar, Uniontown and Fairchance.
v
Officers— President, Win. H. Graham; Treasurer, Geo. I. Whitney;
Secretary, M. K. Saolsbury.— V. 77, p. 2390, 2391; V. 78, p. 50.
M'KEESPORT
PITTSBURGH
& 75,000.
GREENSroad. Population
RY—A
BURG
trolley
served,
ORGANIZATION— A consolidation on June 28, 1901, of the Greensburg
& Hempttela Electrio St. Ry. and the Westmoreland Ry. All franchises
are perpetual and about two-thirds of the road
of way.
Bonds
&
listed
BONDS—
is
over private right
on Pittsburgh Stook Exchange.
Outstand'g.
Maturity.
$1,030,000
1,200,000 July 1, 1931
5 g. J-J
lstMrre <B1 500 000 ( 1901 Harrisburg
Trust Co., Harrisburg.Trua.,
/it nnn\*^M
«S Int. at
goia
(!»i.,uihj)
or at Manufacturers' Tr. Co., Providence, R. I.
Bonds—The remaining $300,000 unissued bonds oan only be issued
at par under strict provisions and, with the approval of the trustee,
for betterments and additions.
Latest Gross Earnings— For 8 months ending Aug. 31, 1904,
$107,224, against $77,057 in 1903.
Report— For year ending Deo. 31—
STOCK
Dale.
Interest.
Stook, $1,500,000
^
Oper. Exp., inc. Taxes.
Gross.
Net.
1903
1902
$124,533
$72,005
$52,528
99,308
58,636
40,672
Road— Owns and operates 22 miles of track from Irwin through
Jeannette and Greensburg to Youngwood and Hunker. An extension
of 6 miles to Trafford City is under construction to oonneot with Pittsburgh (City) Railways Co., of which 2 miles is completed. 74-lb. T and
90-lb. girder rail. Gauge, 5 ft. 2^ in. 22 oars. Owns in fee one pleasure park. Power supplied by the Westmoralaud Lt. H. & Power Co.
Officers— Pres., L. B. Huff; Vlce-Pres., E. O. Gibson; Sec, Treas.
and Gon'l M«r., W. D. Cliapman.— General office, Greensburg, Pa.—V.
73, p. 33; V. 75,.p. 343.-V. 76, p. 811
PITTSBURGH & ALLEGHENY VALLEY
RY.-A trolley road.
Organization— Incorporated in Pennsylvania as a consolidation in
Deoember, 19o2, of the Apollo Vandergrift & Leeohburg Eleotrio
Street Ry. and the Vandergrift & New Kensington Street Ry. Owns
entire capital stock of the Apollo Eleotrio Light, Heat & Power Co.,
the Leeohburg Electrio Light <te Power Co., the New Kensington Eleotrio Light. Heat & Power Co., the Parnassus Eleotrio Light & Power
Co. and the Kiskiminetas Bridge Co. All bonded and floating debt of
those oompanies has been retired and the capital stock pledged as
collateral under the new 1st mortgage. Will operate over private righs
of way except in towns. Population served is about 40,000.
Stock
& Bonds—
Stook, $1,500,000
1st mort., $1,100,000)
Date.
1903
Interest.
y
Outstanding.
None.
Maturity.
5 g. J-J
Jan. 15, 1933
$150,000
Trust Co., Pittsburgh, trust
g. ($500&$l,000)..o S Int. at Int. Sav.
Bonds— Cannot be called before maturity.
ROAD— Is to operate 20 miles of traok oonneotlng Apollo.Vandergrift,
Hyde Park and Leeohburg and Valley Camp, Arnold, New Kensington
and Parnassus. 70 lb. rail. The road is now under construction.
&
—
;
STREET RAILWAYS.
Oct., 1904.]
Officers— President, O. W. Kennedy, Pittsburgh;
-V.
J. J.
76, p. 480; V. 77, p. 90.
ST.
J.
Burke, Pittsburgh, Treaa.—V. 75,
Leechburg, Secretary;
D.
p.
Orr,
1400,
CLAIR INCLINE PLANE-A oable road.
Sept. 9, 1885. Road completed in 1889.
Stock, $150,000 f. p.; 1st mortgage, $1,000 eaoh; 6s, M-N, $75,000,
due Nov. 7, 1909. Interest at Mellon Nat. Bank. Dividends —In Jan.,
1893, 2^%. None since. Road is four-tenths of a mile long.
EARNINQS-Year to Deo. 31, 1903, gross, $23,042. In 1902, gross,
$20,251.
OFFICERS— Pres. and Supt.,W. S.Hughes; Treasurer, R. B. Mellon;
Secretary. H. A. Phillips. Office, 514 Sinithtield St., Pittsburg.
Organization— Chartered
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC STREET RY.In Sept., 1904, the RR. Commissioners granted permission to increase stock from $200,000 to $300,000. V. 79, p. 1267.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
&
Stock, $200,000
New
1st mortgage, gold,
1904
)
4«. J-J
$200,0(0 1903-04,6%
V00.000 Julyl,1923
Berkshire L. & Tr.Co., Pittsneld.Mass.
$200,000
s Int.at
$50,000
Floating debt Sept. 1, '04
ROAD— Owns 25*33 miles of track. An extension to Hinsdale is
completed and is now in operation.
Earnings.— For year ending Sept. 30, 1903, gross, $134,927; net,
$35,733; taxes and Interest, $15,654; dividends (6 p. o. on $200,000),
$12,000; insurance, $6,674; park expense, $844; bal., sur., $561.
OFFICERS. -Pres., Joseph Tucker; Treas., Charles E. Merrill; Soc'y,
J. M. Stevenson.— V. 74, p. 1253, 1309; V. 75, p. 78; V. 79, p. 1267.
HOOSAC VALLEY ST.
RY.-Trolley road.
Organization— Chartered April 7, 1886. This road was purchased
in June, 1902, by a syndicate, and reorganized.
Date. Interest. Outstand'g. Maturity, etc.
STOCK, Bonds, Etc.—
$500,000
1903, 6 p. c.
July 1, 1917
100,000
1897 $ 5 J&J
lsy7
Unt.atNewEn2l.Tr.Co.,Bost.,trus.
1904 4 g. M-S $300,000
Sept. 1, 1924
Stook, $500,000, par $100
1 «t
let
tnort^ft
mortgage
Ref. mtee., $400,000, gold, )
($1,000)
s Int. at Berksh. Loan&Tr. Co.,Plttsf'd, Tr.
Bonds—$100,000 of the new refunding mortgage bonds are reserved
to retire the first 5s. No sink, fund and bonds ure not subject to call.
ROAD.— Owns 32 miles of track, from North Adams to Pittstield, and
uses Pittsfleld Elec. Ry. and Berkshire St. Ry. tracks in Pittstield.
New line from Adams to North Adams (6 miles) just completed. Extension to Williamstown. 6 miles, was completed in 1896. Extension
from Williamstown to Vermont State line, 2H miles, expected to be
built this year.
Earnings- For year ending Sept. 30, 1903, gross, $144,706; net,
$42,729; charges, $14,381; dividends (6 p. o.), $24,000; sur.. $4,348.
Officers— Pres., A. H.Rice, Pittstield; Vice- Pres.. E. D. Whitaker,
North Adams; Treas., William L. Adam, Pittstield; Clerk, S. P. Thayer;
Supt., W. T. Nary.— V. 76, p. 1144; V.78,p. 1446; V. 79, p. 213, 968.
BERKSHIRE STREET RY.-A
trolley road.
Organization— Incorporated in Massachusetts on June 20, 1901.
Franoklse perpetual. In 1904 stock increased to $1,000,000.
Interest.
Outstand'g.
Dale.
Maturity.
BONDS—
STOCK
Stk.,$l,000,00'M$100M
$1,000,000
5 g. J-D
800,000 June 1,1922
1st mort., $800,000? 1902
Girard Trust Co., Philadelphia, trustee.
gold ($1,000)
c* J
Loans payable Si-pt. 30, 1903
$353,887
Bonds.—Are not subject to call. Interest is payable and bonds may
be registered at office of N. W. Harris A Co., Boston.
Earnings.— For fiscal year ending Sept. 30, 1903: Gross, $183,091
net, $72,193; interest, $25,958; surplus, $46,235.
ROAD —Operates from Pittsfleld through Cheshire to Great Barrington. 42234 miles; ll 66 miles on private right of way; 70-lb. T rail.
OFFICERS— President, R. D. Gillett, Westfleld; Treasurer, Arthur W.
Eaton. Pittsfleld; Clerk, Franklin Weston, Dalton, Mass.— V. 75, p.
792; V. 76, p. 47, 381; V. 78, p. 819.
&
-
PLATTSBURGH,
N. Y.
PLATTSBURGH TRACTION CO. -A trolley road.
ORGANIZATION. ETC.— Chartered May 27, 1896. Capital stook,
$100,000 (par $100). First mortgage 6 p. c. gold bonds of 1896, due
1926; int. J-J., at N. Y. Seourity & Tr. Co., N. Y., Trustee; authorized
$100,000, issued $80,000. For year ending June 30, 1904, gross, $21,234; net, $8,035.
Road—-Owns 6*2 miles of track; rail, 50 lbs. T. Prest , E. N. Sanderson; Secretary, W. L. Pattison; Treas. and Gen. Mgr., A. E. Reynolds.
1577
Earnings— For year ending Deo. 31, 1903: Gross, $49,558; net,
$20,715; charges, $16,313; surplus, $4,402.
Road— Owns and operates \3^& miles of road extending through
Middleport, Pomeroy, Syracuse and Racine, Ohio.
OFFICERS— President, Percy M. Chandler; Vice-Pres. and Gen. Mgr.,
John Blair MaoAfee; Seoretary, J. Clark Moore; Treasurer, Jos. T.
Walmsley. General offloe, Harrison Building, Philadelphia, Pa.
PONCE, PORTO RICO.
Population
in 1899
was
27,952.
CO.— Incorporated New
PONCEownELECTRIC
the securities of the Ponoe Ry. & Light
in 1902
in
Jersey
Co., whioh
to
railway
and
eleotrio
light
Interests of Ponce. Railway
owns the street
franchise expires in 1961 and electric-light franchise in 1941.
Date. Interest. Outstand'g. Maturity.
Bonds.—
STOCK
&
$500,000
246,000 May 1,1927
o* Unt.atBos.SafeDep.&Tr. Co., Boston, Trus.
$750,000, gold
Bonds— Are subject to oall as a whole at 105 and interest on any interest date. A sinking fund of 1 p. o. per annum of the entire amount
of bonds became operative May 1, 1903, and is invested In the bonds at
not more than 107 ^ and Interest. $4,000 bonds have been canceled
by this fund to date.
Earnings—For 12 mos. ending July 31, 1904: Gross, $58,994; net,
Stock, $500,000 ($100)
1st Mtge.,< 1902
trust
Coll.
6
g,
M-N
$6,770.
Road— Operates 4*50 miles of track between Ponce and PortiPonce.
Officers.— President, John W. Hallowell; Vioe-Pres., Chas. D. Wyman; Treas., A.Stuart Pratt; Sec, H. R. Hayes; Genl. Mgrs. and Transfer Agents, 8tone,& Webster, Boston, Mass.— V. 74, p. 268, 478.
m
PORT JERV1S, N. Y.
JERVIS ELECTRIC LIGHT, POWER
PORT
GAS & RR. COconsolidation
in 1901, of the Port Jervis Eleothe Port Jervis Light & Power Co., the Port Jervis Gas Co. and the Deer Park Eeotrio Co.
Date.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
$450,<J00
Stock, $450,000, $100
1902
J.-J.
)
5
275,000
Jan.
g.
1, 1932
1st Mortg'e, $450,000
o* $ Int. at Knickerbocker Trust Co., N.Y., Trustee.
($1,000) gold
Bonds—Of the authorized issue of $450,000, $175,000 are reserved
for extensions and improvements at the rate of 85% of cost.
^
Road— Operates 4 1a miles of track, 60-lb. T rail; 6 cars. Supplies the
city with light.
Earnings-— For 8 months ending Aug. 31, 1904, total net, $12,121;
taxes, etc., $3,070; bal., $9,051.
Officers— Pres., J. W. Fuller Jr.; Vice-Pres., J. M. Fitzgerald; Sec
and Treas., O. R. Horn, 26 Cortlandt St., N. Y. City.—V. 74, p. 380.
Organization—-is a
trio Street
Ry. Co
,
&
ME.
PORTLAND,
RAILROAD.-Trolley.
PORTLAND
ORGANIZATION—Chartered March. 1863, under laws of Maine. ConPortland & Cape Elizabeth Ry., Cape Elizabeth St. Ry., Portland
4c Yarmouth Eleotrio Railway and Westbrook Windham & Naples.
trols
Practically all of the capital stook of those companies together with
the entire Issue ($350,000) of first mortgage bonds of the Portland &
Yarmouth Electric Ry., has been pledged as security for the consolidated mortgage bonds of the Portland RR.
Miles. Date. Interest. Outst'ng. Maturity.
BONDS
STOCK
F.-A. $1,999,592 See text.
8tk.auth.$2,000,000, $100
Port.RR.let M. $500,000 g 16>s 1893 4^g.M-N 500,000 May 1, '13
Portl. & Cape Eliza. 1st) .... 1895 5 g. M-N 400,000 Nov. 1, '15
M. $400,000 g. ($1,000) J Int.at American L.&Tr.Co.,Boston, trustee.
Port. RR. 1st con., $3,000,000) 1901 3^g. J-J $1,150,000 July 1,' 51
5 Int. at Portland Tr. Co., Port., Trustee.
($1 ,000 & $500) gold
Bonds— Of the authorized Issue of $3,000,000 consols, $1,000,000
are reserved to retire $900,000 prior liens and $850,000 are held for
extensions. Bonds can be called at par on any interest date after July
1, 1931. Portland RR. Co. guarantees the interest on the $400,000
bonds of the Portland & Cape Elizabeth Ry., but not the principal.
'95 '96 '97 '98' 99 1900' 01 '02 '03
1904
Dividends— ) '92-3 '94
5
3
Per cent.. $ 4 3 Aug.
Road Operates about 100 miles of track, including a line from Portland to Yarmouth, a line from Portland to Cape Elizabeth and extensions to Saco and to Old Orchard Branch.
Annual Report—For the years ending June 30 as below, not inoludng the Portland & Yarmouth Electric Ry.:
1904.
1903.
1904.
1903.
Gross earns... $732,968 $680,211 Dividends
$59,919 $59,916
233,253 Surplus for year. 26,304
11,950
Net earnings. 186,401
*100,178 *161,387
*Inoludes taxes & park expenses.
Interest
OFFICERS—President, Wm. R. Wood; Secretary, Treasurer and Purchasing Agent, E. A. Newman. Office, Portland, Me. V. 73, p. 139.
&
c
66666
—
633
I
PLYMOUTH, MASS.
|
BROCKTON & PLYMOUTH STREET Reorganization— Chartered on Jan. 3, 1900, as the Pembroke St. Ry.
to operate a railway in the towns of Pembroke and Kingston. In
Sept., 1900, was consolidated with the Plymouth <fe Kingston Street
Ry. and the Brockton & Plymouth Street Ry., and in Nov., 1900, name
changed as above. Franchise perpetual.
Date.
Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock, $295,000 ($100)
1st mortgage, $300,000
c*
($1,000), gold
$295,000
260,000
Deo. 1, 1920
Tr. Co., Boston, Trustee.
S
Plymouth & Kingston, )
35,000
Jan. 1, 1910
1st mortgage, $35,000, > Interest at International Trust Company,
o. $100-$500 ($1,000).)
Boston, Trustee.
Notes pay'le Jan. 1,1904
170,000
Bonds— Of the new $300,000 mortgage, $35,000 are reserved to
retire the Plymouth & Kingston Ry. bonds.
Earnings— For years ending Deo. 31—
1903.
1902.
Gross earnings
$97,812
$90,387
Operating expenses
74,411
70,044
)
1900 4^g.J.-D.
Int. at Old Colony
1890
5 J.-J.
Net earnings
Fixed charges
Surplus
$23,401
21,456
$20,343
20,772
$1,945
def.$429
Road— Plymouth through Kingston, Pembroke and Hanson, to Whit-
man, 2380 miles of track. Operates 27 passenger and 2 other oars.
OFFICERS-Pres., James D. Thurber; Vice-Pres., Chas. I. Litchfield;
Treas., A. Stuart Pratt; Asst. Treas., G. E. Chase; Clerk, Henry R.
Hayes; Mgr. and Tr. Agents, Stone & Webster, Boston.— V. 77, p. 2158.
POMEROY, OHIO.
OHIO
RIVER
ELECTRIC RY.& POWER CO.
—a. trolley road.
Organization
($50,000; of the
&
a^
Incorporated in 1900. Owns all the capital stook
& Middleport Eleotrio Co.
Pomeroy
BONDS—
_ STOCK
Stock, $300,000 ($25)
lB
e
315 000 SOW,
?a
^5
($100, $500, $1,000). .o*
m
'
'
Date.
)
5
Interest.
Outstand'g.
Maturtty.
"...
$300,000
1900 5g. J-J
315,000 July 1, 1924
Int. at Columbia Aye. Tr. Co.,Phila.,Trns.
|
PORTLAND & BRUNSWICK ST.
RY. CO--
ORGANIZATION— Incorporated in Maine on April 22, 1901.
Interest. Outstanding.
Maturity.
Date.
STOCK & BONDS.—
Stock, $300,000 ($100) ..
$300,000
1st mort, $2S5,000, g. ) 1902
5 g. M-S
225,000. ..Mar. 1, 1922
($500 and $1,000).. o > Int. at Augusta Trust Co., Augusta, Trustee.
Road— Owns road, 15 - 4 miles long. Brunswick to Yarmouth through
Freeport (including second track, 16 miles); 60-lb.
rails.
T
Earnings— For year ending June
30, 1904:
Gross, $42,503; net,
$13,262; interest and rentals, $11,902; balance, $1,360.
OFFICERS— President, E. J. Lawrence; Clerk, Herbert M. Heath;
Treasurer, Cyrus W. Davis; Manager, Amos F. Uerald.
PORTLAND, ORE.
PORTLAND & SUBURBAN RY.-A
trolley road.
Organization— Is a consolidation on Oct. 1. 1904, of the City &
Suburban Ry and the Portland Railway Co. $2,500,000 stook of the
new company was given in exchange for the $1,250,000 stock of the
City & Suburban Ry. and $1,500,000 for the $300,000 stock of the
Portland Ry. Co.
Franchises expire in 1932.
Maturity.
Stock, $5,000,000
$4,000,000
Willamette Bridge Ry., 1st S 1889 6 M-S
100,000 Sept.1,1919
mortgage, $1,000 each
( Dit.at Am. Loan & Tr., Boston, Trustee.
City & Sub. consol. M., not 5 1891 6g.M-S
87,000 Sept.1,1916
sub], to call, $1,000 each.g. \ Int.at Sec. Sav.& Tr.Co., Portland.Trus.
City & Sub., new mort., $3.- (1900 4 J-J
1,288,000 June 1,1930
000,000($l,000)sub. to call < Interest at Security Sav'gs & Trust Co.,
Portland, Trustee.
at par aft. June 1, '15..c*g.
*15..c*g. (
Mult'mah St.Ry. 1st M.g. 1 1890 6g. J-D
148,000 June 1, 1910
Gold
o* ) Int. at Am. Tr. & Sav. Bank, Chicago, trus.
Port. <fe Vancouver Ry-.c* 1889 6
100,00 Feb. 1, 1919
Port.Ry.lstcon.M.,g.. c*> 1896 5g. J-J
812,000 Jan. 1, 1916
eubJ.tooallJan.1,1906.. J Interest at Mercantile Trust, N. Y., trustee.
STOCK
&
See V. 79,
BONDS—
967.
Date.
p.
Interest. Outstandg.
STREET RAILWAYS.
1578
Bonds Portland Ry. first consol. mtge. is for $2,500,000 ($250, $500
and $1,000), of which bonds for $248,000 are reserved to take up at
maturity the Multnomah and the Port. & Vancouver bonds; unissued
remainder may be put out at $20,000 p. mile for new road. Consols have
a sinking fund jf 5 p. o. per annum, beginning Jan. 1, 1906, and are
redeemable at par and accrued interest.
Road—The consolidated company operates 110 miles of track in
Portland and vicinity. Has 250 cars.
OF* ICtR*— Pres., A L. Mills: Vice-Pres.. C. F. Swisrert; Treas., J. C.
Ainsworth; Gen. Mgr., F.
1.
Fuller.
V. 79, p. 500, 967.
OREGONWATER POWER & RY.-A
Organization—Organized
&
Oregon
in
Portland City
Oregon By.
others mature in 1945.
Date.
Maturity.
Interest.
Outstand'g.
Stock
Bonds—
Stook, $2,000,000 ($100)
$2,000,000
Ore. 1st M., J 1901
Port. City
6 g. F-A
500,000 Feb. 15, 1921
$500,000($1,OCO) g *o ( Int. atNorth Am. Tr. Co., N. Y. Trustee.
W.
P
Ore.
& By.!Mt«e., $ 1902 6 g. J-J 3,000,000 July 1, 1932.
$5,000,000 g.($l,000)c* I Int. at Lsnd Title & Trust Co., Pbila., Trustee.
Bonds—Of the new mortgage for $5,000,000, $500,000 are reserved
for underlying liens. Bonds are subjeot to call on or af ier July I, 1912,
at 105. A sinking fund for these bonds is to be 25 per cent of n*-t
earnings, after deduction of Interest and taxes, each year after 1907.
The Portland City
Oregon bonds can be called after Feb. 15, 1911,
at par and accrued Interest, upon 60 days' notice. Sinking fund of
$5,000 per annum on these bones for the first four years and $10,000
thereafter becomes operative on Feb. 15, 1907.
EARNINOS-For 1903: Gross, $233,361; net, $120,727.
Road— Operates 66 miles of road on the east side of the river, indue ing the line above Oregon City (Falls of Willamette River) to Canemah, and branohes to Mount Tabor. The line to the East Side Reser
voir and to Mount Scott, Gresham, Boring. Baiton, Eagle Creek,
Currinsville, Estacada and Oazadero, is all completed.
Officers— President, W. H. Hurlburt; Vice-Pres.. J. Frank Watson;
Seoietary, W. T. Muir; Treasurer, Fred S. Morris.— V. 77, p. 1294.
&
&
&
PORTSMOUTH,
N. H.
PORTSMOUTH
DOVER & YORK STREET
road.
RY.-A
trolley
Organization -This Is a consolidation in 1903 of the Portsmouth
Kittery & York St. Ry.. the Berwick Eliot & York 8t. Ry. and the
Kittery
&
Stock
Eliot 8t. Ry.
&
V. 77, p. 251.
Date.
Interest.
Bonds—
8tock, $€50,0
($100)
lstmortee
*650 0OO
1st mortge. $650,000
*^ J D
1P03
$
}
gute
-
Outstanding.
-
Maturity.
$650,000
450,000
Co
1923
Boston> Tru8tee
Ry
S
P S
1897
200,000
M.S.
1917.
6g.
$200 o6o eold^ Int
at Wa * erv Tr Co.. Waterville, Me, Trustee
($500 and *i 000)
)
Bo-ds— Of the new bonds of 1903 $200,000 are reserved to retire 1st
mortgage bonds of 1897, which are to be called at 105. The new bonds
can be oalled after 1913 at 105 and interest.
Earnings— For flsoal years ending June 30 of the Portsmouth Kittery & York 8t Ry. befoie consolidation:
Orosi.
Net
Fixed charges. Dividends.
Balance
19031. .$141,050
$50,402
$S0,264
sur. $20,138
1902-3..
81,(06
15.434
15,956
def. 522
Road— Operates 42 miles of track connecting Portsmouth, Dover,
Kittery, York and South Berwick: 40 cars. Also owns ferry to Portsmouth; 1 ferryboat and 1 steamboat.
Dividends- In 1901, 6 p. c; in 1902, 2*3 p. c; In 1903 and 1904, none.
OFFICERS— Ptesinent, John F. Hill, Augusta; Vice-Pres. and Treas
E. Burton Hart Jr., New York; General Manager, W. G. Meloon, Portsmouth, N. H.-V. 77, p. 251.
.
M
'
gtreet Trust
(3) TAMAQUA & POTTSVILLE ELECTRIC RY.— A trolley road.
Chartered on May 5, 1892. Franchise, 999 years. 'Stook authorized
$60,000 (par, $5< ); outstanding. $60,000. Bonds, IstM. 6 p. c, 1895,
due 1925. $2F>0,000 authorized, »60,000 outstanding; all in hands of
trustees of Pottsv. Un. Tiac. 1st mort. bonds.
,
>
Chartered on March 4, 1898. -Franchises perpetual.
Stock authorized, $60,000 (par, *50): outstanding, $30,000. Bonds..
5 p. c, 1898; due 1928; $60,000 authorized; all issued and all
in hands of trustees of Pottsv. Un. Trac. 1st mort. bonds.
MM,
Chartered on
10, 1899, for 99 years. Stock authorized, $30,000 (par, $50):
outstanr, ing, $15,000. Bonds: IstM. 5 p. ft, 189W, |due 1929; $30,00#
authorized; all issued and all In hands of trustees of Pottsv. Un Trac.
1st mort. bonds.
PEOPLE'S RAILWAY— Leased
(6)
to Pottsv.
Union Traction Co.
PORT CARBON & MIDDLEPORT EL.
RY. CO.—A trolley road.
(7)
Chartered July 5, 1898, for 999 years. Leased to the Pottsville*
Union Traction Company. Stock authorized, $100,000; $50 per
share;
outstanding, $93,000.
No bonded indebtedness. Road
extends from Port Carbon to Belmont, Cumbola, New Philadelphia and
Middleport; a total of 5-7 miles of road.
POUGHKEEPSIE,
N. Y.
POUGHKEEPSIE CITY & WAPPINGERS
FALLS ELECTRIC RAILWAY-A trolley road.
Organization.— Chartered March 22, 1894.
Outstand'g.
Date.
Interest.
Stock & Bonds—
Maturity.
8t'k,$750,000,par$100
$750,000f.p.
IstM. gold $1,000 s. f. J 1894
5 g. J-J
404,000
July 1,1924,
no opt., $500,000.0*. ( Cent. Trust Co., N.Y., Trustee. Int. inN.Y.City
Bonds- The bonds are limited to $25,000 per mile of completed
trolley road, $10,000 of this being issuable when track is laid and remaining $15,000 when equipped with trolley. No bonds can be issued
in excess of $500,000 " until the stockholders of this company shalS
consent to such excess in the manner provided by the laws of the State
of New Yora." Sinking fund, beginning Jan. 1, 1897, equal to 1% of
the "bonds issued hereunder"; bonds purchased at not exceeding 110.
Road— Owns 15*60 miles of road; second track, 1-14 miles sidings,
•59 miles; total, 17-33 miles of track. 25 cars.
Earnings— Year ending June 30, 1904; gross, $98,406; net, $27,042;
Oharges, $25,9 9; sutplus, $1,053.
OFFICERS— President, J. W. Hinkley, 489-493 Main St., Poughkeepsie,
N. Y.; Seoretary and Treasurer, Silas Hinkley, Poughkeepsie.
;
<
PROVIDENCE, R.
RHODE ISLAND
SECURITIES COMPANY—
Incorporatedin New
June,
I.
-
.
,
POTTSVILLE, PA.
POTTSVILLE UNION
:
&
BONDS—
Date.
Outstand'g.
Maturity.
$1,250,000
5 g.M-8
1,129,000 Sept. 1.1929
lstM.,$l,250,00Ogold.J 1899
$500 and $1,000... c* ( Int. at Real Estate Trust Co., Phlla., trustee.
Bonds— Of the $1,129,< 00 issued, $750,000 were reserved to retire
leased
bonds of leased companies, as given below. Of the $750,0
line bonds, $356,000 have been acquired and are held in trustee's
hands, viz.: $205,000 Hchuylkill Eleo. Ry.; $1,000 Pottsville & Reading Ry.; $60,000 (total issue) Schuylkill Hav. & Orwigsb'g Ry.; $30,000 (total ishue) C«al Castle El. Ry. and $60,000 (total Issue) Tamaqua & Pottsv. El. Ry.: for the $394,000 still In hands of investors an
equal amount of 1st M. 5s Is held in escr.iw. The $121,00 bonds unissued are reserved for acquiring additional mileage and necessary
equipment for same.
REPORT— For year ending Dec. 31, 1903, gross, $219,991; net,
$100,420; fixed charges, $90,422; surplus, $9,998.
Latest Gross Earn.nus— Jan. lto Aug. 31: In 1904, $135,114; In
1903, $129,1 17
ROAD— Owns and operates 42*8 miles of track; standard gauge,
operates 50 motor and 7 trail oars,
60-lb. T and 9( -lb. girder rails
1 snow-plow, 1 snow sweeper.
OFFICERS— President. Clarence P. King; Vice-Pres., Thos. B. Prosser; Secretary, William C. Pollock, Jr.; Treasurer, Jos. B. Hoellman;
8upt., D. J. Dunoan. General office, Pottsville; President's office
Room 1309, Real Estate Trust Building, Philadelphia.— V. 69, p. 441.
STOCK
Interest.
Stook, $50, full paid
•
;
SCHUYLKILL ELECTRIC RY.— A trolley
road.
Organization—Chartered on Oct. 4, 18«9, for 99 years and leased
Union Traction Co.; franchises perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK & BONDS—
Stock, $650 000 ($50)
$650,000
6 g.F-A
500,000 Feb. 1, 1925
1st mortgage, nola .o* ) 1895
to the Pottsville
$500,0o0($5o0&$l,000
5
Hat. at
Jersey in
1902. for the purOrganization—
pose of uniting under a single management the street railway, gas and
electric light properties of Providence and vicinity. The Rhone Island
Securities Company owns all the stock ($2,000,000 f. p. $100) of the
"Rhode Island Co." (V. 74, p. 884), a corporation created in 1902 by
Special Act of the Rhode Island Legislature.
Leases ft r 999 years
have been made by the Union Railroad Co., the Pawtucket 8t. Ry. Co..
and the Rhode Island Suburban Ry. Co., to The Rhode Island Co., for
rentals of such amounts that the United Traction & Electric Co., the
owner of the shares of the three leasing companies, is enabled to pay
The
its interest on its bonds and dividends of 5 per cent on its stook.
United Gas Improvement Co. of Philadelphia, promoted the undertaking and guarantees these rentals until $4 000,000 shall have been
expended for extensions and new property. Stockholders of the
Traction Co. on Aug. 1, 1902, received 25 shares of Bhode Island
Securities stook for every 100 shares of Traction stook held. The
Rhode Island Co. has no bonds.
Amounts authorized
Date. Interest. Outstanding. Maturity.
Stook, $20,000,000 ($100)
$12,000,000
B d
0,
4
1902
3 500 000 Aug.1.1932
—
TRACTION.-TroUey.
Organization— On May 15,1899, the Pottsville Union Traction was
incorporated at Hairisburg (charter perpetual) for the purpose of
consolidating the following lines, which are operated by virtue of
control of stocks and of leaseholds Schuylkill El. Ry. Co., Pottsville &
Reading Ry. Co., Tamaqua & Pottsville Electric RR., Schuylkill
Haven & Orwigsbnrg St By., Coal Castle Electrio Ry., People's Ry.
Company of Pottsville, and the Port Carbon & Middleport Electric Ry.,
comprising the eleotrlo railways of Pottsville, Yorkville, Minersville,
Palo Alto, Belmont, Cumbola, Mount ( arbon. Port Carbon, Saint
Clair, New Philadelphia, Middleport, Schuylkill H aven, Adamsdale,
Orwlgsburg, Coal Castle, Glen Carbon, Tumbling Run.
(2)
COAL CASTLE ELECTRIC RY.—A trolley road.
(5)
March
'
(1)
SCHUYLKILL HAVEN & ORWIGSBURG STREET RY.—
(4)
trolley road.
trolley road.
1902 as successor to the
Franchises in Portland are perpetual;
in
[Vol. lxxix.
Real Estate Trust Co., Phlla., trust.
POTTSVILLE & READING RAILWAY.— A trolley road.
Organization—Chartered on May 5, 1892, for 999 years, and Is
leased to the Pottsville Union Traction Co.
Date.
Interest. Outstand'g.
Maturity.
Stock & Bonds—
$56,600
Stock, $100,000 ($50 par)
100,000
6g. F-A
Feb. 1, 1925
1st M. gold, o* $100,000 > 1895
($1,000)
J Int. at Real Est. Tr.Co., Philadelphia, Trus.
sin
B
kCfund fof vTrly
d
Z :&^nl
600
'
(
,
:°!. :\
1««
'
^ne
*
1932
Bonds.— The bonds and stook above reported outstanding were issued
against the lease of the United Trac* El Co. The remaining ptook and
bonds can be issued only upon acquiring, by lease or otherwise, the
gas and electric light properties V. 74, p. 578, 884, 1090, 1 140.
Earnings— Of the Riiode Island Co., the ''nion RR. the Pawtuoket
Ry. and the Rhode Islam! Suburban, for the fiscal year ending June 30
1903, gross, $3,672,402.
OFFICERS ot Rhode Island Company—President, Marsden J. Perry,
Providence; Vice-Pres'ts, Samuel P. Colt and Albert T. Potter, both of
Providence; Randal Morgan and Walton Clark, both of Philadelphia;
Sec. and Treas., Lewis Llllie, Philadelphia; Ass't Treas., Cyril A. Babcook, Providence; Ass't Sec. and Comp., W alter R. Elliott, Providence;
Genl Mgr., Robt. [I. Todd, Providence.—V. 75, p, 78; V. 76, p. 543.
.
PROVIDENCE-PA WTUCKET-RHODE ISLRY.-UMITED TRAOHON & ELEO.
AND SUBURBAN
the Pawtuoket
Ry. Co. and the Rhode Island
RR.
Co.,
St.
The Union
Suburban Ry. Co. have been leased for 999 years from July 1, 1902,
to the Rhode Island Co. for an amount of rental permitting the United
Trac. & Electric, the owner of th" shares of the three leasing com
panics, to pay its yearly lixed charges and dividends of 5 per oent on
its stock. The rental is guaranteed in the way mentioned above by
The United Gas Improvement Co.
Organization - United Traction <6 Electric Company, chartered in
New Jersey, owns the Union Railroad Company of Providence, the
Pawtucket Street Railway Company and the Rhode Island Suburban
Railway Company, aid thus controls the entire street railway systems of the cities of Providence, Pawtuoket and Central Falls, and of
the counties of Kent, Washington. Bristol and Providence, serving a
population of not less than 350,000.
Stock
Stook
U
prnv
&
BONDS—
&
^i Paw
Dale.
'ls^u'e^
Interest.
5Q-J
1893
*
*
M.
Outstanding. Div.,Mat., Etc,
$8,000,000 Oct., 1904, 1»*%
- 8.
8,702,000
N
Mar.
1,
1933
Inlerest at Central TrU8t 0o Y-, Trustee.
fst (colL) M. $l,000?g 5
Dividends—In July, 1897, the company began paying quarterly
dividends at the rate of 2 p. o. per annum. This was gradually increased to 1 p. o. quarterly Jan , 1899, which rate was continued until
Oct. 1, 1902, when 1*4 p. o. was paid. In 1903, ft p. c was paid; In
Oc .,
p. o.
p. o
Jan .1904, 1 M p. c; April 1*4 p c ; July,
2Jott</«-Totai Issue limited to $9,000,000, of which $8,000,000 were
originally issued to purchase and equip the properties. By the terms
of the mortgage the additional million was reserved to pay for new
track, which must be laid within 18 miles of the City Hall of Providence, R. 1., for which bonds oan only be Issued at cost, but not exceeding $12,000 per mile of such new truck including equipment; $702,000
of bonds had been issued up to latest dates.
m
;
-
m
Securities Pledged.— The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of
)
STREET RAILWAYS.
Oct., 1904.
New York as trustee of the bondholders; all of the $9,000,000 capital
stock of the Union RR. of Providence, all of the $500,000 capital stock
of the Pawtucket street Ry. (no bonds) and all of the $3,000,000 first
mortgage bonds of the Union RR. of Providence, and, through the
ownership of the Union Railroad Co., $299,800 of the $300,000 capital
stock, being all but two shares, of the Providence Cable Tramway Oo.
(no bonds). The Providence Cable Tramway Co. Is leased to the Union
Railroad Co. for 50 years for 6 per cent on Its capital stock.
Treasury Securities—The United Traotion & Electric Co. has in Its
treasury the entire capital stock ($5,000,000) of the Rhode Island
Suburban Railway Company.
Road.—All the above-described roads, 270 miles, are now operated
by electricity.
OFFICERS— President, Benjamin A. Jaokson; Vice-President, Arthur
H. Watson, Providence; Treasurer and Secretary, Cornelius 8. Sweetland of Providence.— V. 75, p. 78.
(1) R. I. SUBURBAN RY.— A trolley road
ORGANIZATION— Chartered June 2, '99,by the Legislature of the State
•f Rhode Island with power to construct, purchase, lease or operate trolley roads in any part of the State except Newport County. By the
terms of Its charter It is vested with the power of eminent domain, and
the right to transport passengers, freight, express matter and United
States mail in any territory where it is authorized to do business.
STOCK
&
BONDS—
Date.
Interest.
m
«M
c r«1 OOOl
g,
Outstand'g.
Maturity.
$5,000,000
itock, $5,000,000
l«t
;
<nin.r<
« ?i
riJw£^& \
p. &i., $5,000,000...
£
1900 4 £- J_J
Jan. 1,1950
4,617,000
Union Trust Co., Providence, Trustee.
-
int. at offloe of the Ry. Co., Providence.
Eleotrio Co. owns the entire oapital stock,
and guarantees the bonds, principal and interest.
Bonds.—There are reserved in the hands of the trustee $318,000 to
take up and retire $247,200 5 p. c. gold first mortgage bonds of the
Pawtuxet Valley Electric Street Railway Company and $70,000 6 p. 0.
gold first mortgage bonds of the Cumberland Street Railway Company, the former issue being guaranteed, principal and Interest, by
Electric Company, which guarantees the paythe United Traction
ment of the interest on the Cumberland bonds.
The United Traction
&
&
Securities Pledged—The bonds are secured by a mortgage on all
the property owned or hereafter acquired by the company, and by
Sledge of the following securities: 700 shares of the Cumberland
treet Ry. Co.; 3,985 shares of the Pawtuxet Valley Eleotrio Street Ry.
Oo.: and 5,000 shares of the Barrington Warren & Bristol St. Ry. Co.
ROAD— Owns and operates what was formerly the Oakland Beach
branch of the N. Y. N. H. & H. RR., about 11 miles in length, and has
•onverted it into an electric road, and has, including the several divisions built in the highways, a total of 7 38 miles of track.
PROVIDENCE & DANIELSON RY-
CO--A
trolley road.
Organization.— Incorporated In Rhode Island on April
1579
QUINCY,
ILL,.
QUINCY HORSE RY. & CARRYING CO&
STOCK
BONDS— Date.
Stock, $600,0C0($100> ....,
1st mortgage, $500 $ 1890
Outstanding.
Interest.
Maturity.
$600,000
5 A-O
140,000
Oot. 1, 1910
each
IE. J. Parker, J. F. Carrott. Qulnoy, 111. .Trust's.
1st oonsol. M. $550,- J 1898
5g. A.-O
$382,000
Oot. 1, 1918
0*. (Int. at Portland Trust Co., Portland, Me., Trust
000, gold
Interest on first mortgage payable at Qulnoy (111.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the 1st 5s and
$28,000 retained by trustee for future extensions and improvements.
EARNINGS—For year 1903, gross, $128,906. La 1902, gross, $119,328.
Road—Operates 17*4 miles of traok.
OFFICERS— President, Geo. F. Dunoan, Portland, Me.; Sec, W. B.
MoKlnley, Quinoy, 111.; Treas.. Henry P. Cox; Gen'l Mg'r.; H. E. Chubbock.—V. 67, p. 372, 737.
REDLANDS, CAL. ="*»*« <^
THE SAN BERNARDINO VALLEY TRACT.
—A trolley road.
Organization—Is a consolidation on June 8, 1903. of the Redlands
Highland Eleotiio Ry. and the San
Street Ry., the San Bernardino
Bernardino Valley Traotion Co.
Interest.
Outstand'g.
Date.
Maturity.
BONDS—
STOCK
8tocn,$>, 500,000 ($100)
$1,080,000
>
1903
M-S
mort.,
$1,000,000,
5g.
520,000
New
Sept.1,1933
Int. at Los Angeles Trust Co., trustee.
gold, s.f. ($1,000). o*&r J
Bonds. A few old bonds still remain outstanding, buttUese are being
taken up. The new bonds are subject to oall after 5 years at 105.
Road— Owns 32 miles of track In and between Redlands, San Bernardino, Colton and Highland. 40 to 60-lb. T rail. Standard gauge.
Earnings— For year to Deo. 31, 1903, gross. $86,936; net, $38,778.
O.
OFFICERS— President, Henry Fisher; Vice-President and Mgr.,
Treas., C. W. A. Canlldge; all of Redlands.— V. 76,
Deninan Jr.; Sec
p. 1302, 1409; V. 77, p. 512, 1226.
&
&
A
&
RICHMOND,
IND.
STREET & INTERURBAN RY.
RICHMOND
road.
—A
trolley
&
Outstanding.
Interest.
Maturity.
BONDS— Date.
Stock, $600,000
$500,000
1st mtge., $600,000) ....
600,000
5g. J-J
1950
Tr. Co., Lafayette, Lid., Trua.
($500), gold ... *os Lafayette Loan
Bonds.— Are subjeot to oall at 107*2.
Earnings— For year ending Dec. 31, 1903 gross, $123,000; net,
STOCK
&
a son
$52,000.
of traok, lnoluding a line (20 miles) to Cam
bridge City, Dublin and Milton. Conoeots at Dublin with the Indian*
apolis & Eastern Traotion. 60 and 70 lb. T rail.
OFFICERS— Pres., H. B. Smith, Hartford City; Vioe-Pres., J. W. Van
^yke; Sec and Treas., C. Murdock.— V. 74, p. 1197.
Road Operates 30 miles
29, 1898.
&
Date.
Interest.
Outstand'g.
Maturity.
STOCK
BONDS—
Stock.$l,000,000, $100
$1,000,000
1st Mtge., $600,000, )
1901
5g.,M-N
May 1,1931
600,000
gold ($ 1 ,000)
Providence, Trustee.
s Int. at Industrial Trust Co.
Bonds.—No sinking fund, and are not subject to call.
Earnings— For year ending June 30, 1904, gross from operation,
#80,809.
Ro*D.— Operatesfrom Providence, R. I., to Danielson, Conn., 35 milesOFFICERS.— Pres., James H. Morris. Phlla; V.-P...D. F. Sherman; Sec
Franklin A. Smith Jr.; Treas., Geo. W. Prentice; Supt., J. E. Thielsen.
,
PROVIDENCE
& FALL RIVER STREET
trolley road.
RY-A
in March. 1901, under the laws of the
Population served, 350,000.
Date. Interest. Outstand'g.
Maturity.
STOCK AND BONDS—
Stock, $165,000
$165,000
1901 5g.J-J.
July 1,1921
165,000
1st mortgage, $200,000
•Int. at Industrial Tr. Co., Providence, trus($1,000, gold
o*l
tee, or Eliot National Bank, Boston, Mass.
Earnings— For 15 months ending Sept. 30, 1903; gross, $44,459;
net, $12,973; charges, $12,581; surplus, $392.
Road—Operates about 12 13 miles of track, Providence, R. I., to Fall
River, Mass., with extensions to Pawtucket and to Warren, R. I.
OFFICERS-- Pres.,John J. Whipple; Vice- Pros., W. H. Trumbull; Treas.,
Geo. A. Butman, 8 Congress St., Boston, Mass.—V. 73, p. 33, 616.
Organization.— Incorporated
State oi Massachusetts.
1
1
1
PUEBLO, COL.
Organization -Incorporated lu Colorado on Nov. 20, 1902, as a
consolidation of the Pine's Peak Power Co. (a water power plant) of
Victor and the Pueblo Traotion
Lighting Co. V. 75, p 1203, 1355.
Owns all the street railway, electric lighting and eleotrio power Interests in Pueblo and vicinity. Railway franchises expire in 1940
and 1942 and eleotrio light franchise In 1924.
Suffered from the severe strikes in Colorado prevailing from the
summer of 1903 to present time, during which period tne company
greatly reduced its service.
Date. Interest. Outstand'g.
Maturity.
STOCK
Bonds—
&
&
$3,500,000
1,100,000 Jan. 1, 1921
1st mtge., $1,500,000",
Int. at International Trust Co., Denver,
0*1 trustee, or at Morton Trust Co N. Y.
gold ($1,000)
Pueblo & Suburban 1st I 1902 5g. A-O $1,700,000 Oct. 1, 1922
mtge., $3,500,000 gold < Int. at International Trust Co.. Denver,
($1,000) s. f
o* ( trustee, or at Morton Trust Co., N. Y.
Bonds.— Of the newmortgage for $3,500,0u0,$l,250,«>00 are reserved
to retire the $1,100,000 bonds of the Pueolo Traction <fe Lighting Co.
and $550,000 for future betterments. Entire issue is subject to call
after Oct. 1, 1909, at 104 and interest. A. sinking fund oommenoes
In 1909, whioh must retire at least $50,000 bonds per annum, said fund
to be invested in the bonds in open market at not higher than 104;
otherwise bonds oan be called for the purpose.
Entire issue of Pueblo Traction & Lighting 1st mort. bonds may be
called after Jan. 1, 1906, at 104 and lntorest. A sinking fund of
$10,000 annually on these bonds commences in 1906 and may be
used to call bonds after January, 1906, at 104 and interest.
Road— Owns 32 miles of track, all in city of Pueblo. Extensions of 6
miles in Pueblo proposed. Electricity furnished by power plant at
C
1901
5
g.
in the
1,
of interest
1st oonsols. Va. Elee. Ry. <& Dev. istmtg. and
Power 1st and 2d mtgs. V. 79, p. 153. Frank Jay Gould
subsequently offered to purohase the coupon on the Va. Eleo. Ry.
Development bouds. Default also occurred July 1 in the Interest on
the Rich. Tract, issue, but this was afterwards paid. S»-pt 1, 1904,
interest on Southside Ry. & Dev. bonds was defaulted. Rich Pass. &
Power 1st mtg. bondholders have commenced foreclosure proceedings.
Receivers —Judge Waddill in the U. 8. District Court at Norfolk, on
July 16, 1904, appointed William Northrop and Henry T. Wiokham,
receivers. 8ee V. 79, p 271. On Aug. 5 1904, Judge Mullen, in the
Hustings Court at Petersburg, appointed George Cameron Jr.
receiver and granted him permission to apply to the U S. Circuit Court
to have the property taken out of the hands of the receivers appointed
by the U. 8. District Court. See V. 79, p. 682, 628.
Organization—Organized in 1901 under special perpetual charter
from the State of Virginia, with broad powers to acquire and operate
railways and other properties and to own stock and other securities of
other corporations or to consolidate with other corporations, in ac-
onVa
Pass.
Rich. Pass.
& Power
&
&
cordance with which it seonr^d by mortgage, consolidation and purohase the following properties,
Richmond Passenger <c cower Oo., operating 25 miles of railway in
Richmond also an eleotrio-lighting and power plant.
Richmond Traction Oo., with 19 miles of traok in Richmond and sub:
PUEBLO & SUBURBAN TRACTION &
LIG H.T1NG-A trolley road.
8t'ck$3,500,000(par$100)
Pueblo Traction* Lighting
RICHMOND, VA.
POWER
CO.1904,
Defautt.— Default ocourred July
payment
VIRGINIA PASSENGER &
J-J
•
,
Beaver Creek.
Earnings.— For 12 months ending Dec. 31, 1903, were: Gross, $494,454; net, $^89,692; interest on bonds, $144,837; surplus, $44,855.
OFFICERS— President, M. D. Thatcher; Vice-President, Warren
Woods; Treasurer, H. E. Woods; Seoretary, F. M. Woods; General
Manager, John F. Vail.— V. 75, p. 1203, 1355; V. r,Q, p. 866.
PUTNAM, CONN.
urbs; also
an
eleotrio lighting
| „•%. ~,
,„.,„„
plant.
•
&
Underlying bonds, fob which consolidated bonds are reserved
Ry & Dev. ) 1899 5 g. M-S
1,000,000 July 1, 1949
.
Southside
Co. 1st M. gold, $l,->Int. at Bowling Green Trust Co., New York,
000,000 ($1.000)...c*3
trustee.
Virginia Electric Ry. &)
1899 5 g. J-J
1.500,000 Jan. 1,1929
Dev. Co. 1st mort., > Guar, by Va. Pas*. & Power Co. Rich. Trust
$1,500,000
>
Safe Deposit Co., Trustee.
&
Rich.P.&P.lstcommtg.l 1900
5 g J&J
3.000,000 Jan. 1, 1925
bonds, g. ($1,000) o*
Interest at Central Trust Co., New York,
$3,000,000.
v
Cannot be Truetee
.
Qa¥eT r..rrr::..:
.WORCESTER
& CONNECTICUT EASTERN
R
x .-See Consolidated Ry. Co. under JNew Haven, Conn.
and power
Southside Ry. <6 Development Oo., operating 14 miles of railway in
Petersburg and suburbs; also furnishing all the eleotrio light and
power in the oity.
Virginia Electrical Ry. 4 Development Oo., owning the water rights on
the James River at Richmond and Manchester. Sinoe its acquisition
by the Va. P. & P. Co. the oapacity of the plant has been increased to
12.000 horse power, and it has been given all the eleotrio lighting and
power business of the city. V. 78, p. 3 14.
Upper Attpomatox Oo., owning water rights, lands and navigation
canal for 50 mlle^ on the Appomatox River above Petersburg and Is
engaged in the development of 10,000 H. P. from fall of water in
that river.
MecfiU'ticsville Turnpike Oo., operating a toll road running from the
city of Riohmond into the counties of Henrico and Hanover. 5^ miles,
Brook Turnpike Oo., operating atoll road running from city of Riohmond into the counties of Henrico and Hanover, 6 miles, through a
thickly settled district.
Richmond <6 Petersburg Electric Ry., operating an Interurban line of
22 illes, connecting the three cities of Richmond, Manchester and
Petersburg.
The Virginia Passenger & Power also owns and operates 38 miles
of railway in the suburbs of Riohmond and in Manohester and suburbs in addition to the systems above enumerated.
Date. Interest. Outstanding.
Maturity
STOCK
BONDS—
Stock, pref., 6 per cent,
$3,474,000
none, $5,0*0,000... J
Stock, com., $10,000,000.
8,422.000
1st con. M., $15,1)00,000 )
1902 5 g. J-J
7,821,000 July 1, 1952
gold ($1,000)..
..o* 5 Int. at Bowling Green Tr. Co., N Y., Trustee.
Floating debt Deo. 31, 1903, $3,026,523.
Rich. P.
&
P.
mort. bonds,
000 ($1,000)
-
debenture
g,
5 g. J&J
1,000,000 July 1,1910
Metropolitan Tr. Co., N. Y., Trustee
May be called any time at 102 and aoor'd int.
1900
Int. at
$1,000,)
j
j
STREET RAILWAYS.
1580
Date.
Interest. Outstanding. Maturity.
& BONDS.—
$500,000 Novl, 1925
5 g. J-J
( 1895
Maryland Trust Co. Baltimore, Trustee.
•BM^ffllffi' i£ 8ubjeot
t0 oall 105 aft6r July lf 1900
STOCK
TrnPtlnn latmorr
$500,000, g.($l,000).C
WUrti
.
.
Westhf mpton Part Ky.,
(
gold, }
let M., $150,000,
($1,000)
1901
5
J-J
Richmond Trust
g.
&
150.000 Jan. 1, 1931
Safe Deposit Co.,
c( Trustee.
Bonds—Of the $15,000,000 mort.. $7,150,000 are reserved for underlying bonds of the various companies. The 1st con. mort. bonds can
be called on any Interest date at 110 and int. on 3 months' notice.
Strike.— Company suffered from a severe strke on all its lines from
June 17 to Aug. 24, 1903.
Road—The consolidation embraoes about 118 miles of track and 12
miles of turnpike. The company owns real estate in the three cities,
including park properties valued at $1,000,000. Rails, 98,95 and
90-lb. girder and 60, 70 and 80-lb. T-
OFFICERS— President, Fritz Sitterding, Richmond; 1st Vice-Pres.,
Frank Jay Gould, New York; 2d Vice-Pres., Aug. Wright, Petersburg;
Sec and Treas.. Guy Phillips, New York; Ass't Sec, and Treas., Wm.
Northrop, Richmond. General Office, Richmond, Va. New York office,
195 Broadway.—V. 78, p. 344, 1448; V. 79, p 153, 214, 271, 628, 682,
787, 1463.
ROANOKE, VA.
RAILWAY & ELECTRIC.-A
ROANOKE
road. Population served about 30,000.
trolley
Organization—The Roanoke Street Railway and the Roanoke ElecLight & Power were both sold at foreclosure August 1, 1899. The
present company was incorporated in Virginia. In Jan., 1903, the entire ($200,000) capital stock was purchased by a Philadelphia syndicate,
who increased same to $500,000 and elected the offioers as below.
Maturity.
Date. Interest. Outstand'g.
STOCK & BONDS—
tric
Stock $500,000 ($100)
$500,000
75,000
1899 5 g. J - D
Deo. 1, 1949
(Dit.atMercantileT.&D.Co.,Balt.,tru8tee,
Feb. 1, 1953
1st con. M., $750,000 gold. J 1903 5 g. F-A. 425,000
c* \ Int. at Real Estate Tr. Co., Phila., trustee.
($1,000), s. f., gold
Bonds—$75,000 of the new mortgage bonds are reserved to retire a
like amount of firsts. Sinking fund on Feb. 1, 1910, annually to Feb.
1, 1920, 1 p. o. of outstanding bonds and thereafter l^ p. o.
ROAD— Operates 14 miles of road in Roanoke; also extension to Salem, Va.; total, 19^ miles; also owns park and theatre.— V. 72, p. 184.
Officers— President, R. D. Apperson, Lynohburg; Vice-Pres., Chas.
R. Miller, Philadelphia; Sec. and Treas., F H. Shelton, Philadelphia
Gen. Man., J. W. Hancock, Roanoke.—V. 76, p. 213, 706; V. 78, p. 344.
1st M. $300,000 ($1,000) g.
S.
<
Fund
ROCHESTER,
ROCHESTER RAILWAY & LIGHT CO.-
is ail pledged as security for the $16,000,000 mortgage of the
of the Railway Co. were given
per
share in preferred stock of the new company in exohange for
$120
their holdings and also the right to take common stook in the new
company (70 per cent paid), share for share, upon payment of $20 per
share. See V. 78, p. 1782. The preferred stock and bonds of the
Rochester Ry. Co. are not affected. The preferred stock of the Roches,
ter Gas & Electric Co. was given option of $120 per share in first consolidated bonds or preferred stook, and the common stook $110 per
share in first consol. bonds of the new company. Messrs. Hodenpyl,
Walbridge & Co. of New York and E. W. Clark & Co. of Philadelphia
carried through the plan, which will be found in full in V. 78, p. 1782.
Five hundred thousand dollars of the 1st cons, bonds, together with
$250,000 common stook of the. Ry. & Light Co., were offered for subscription to pref. stockholders of the Rochester Ry. Co. at 90 for the
bonds and 2o for the stook. V. 79, p. 2 1 3.
Date. Interest. Outstanding. Maturity.
BONDSSTOCK
stock
new company. Common stockholders
&
Common, $6,500,000
.
3,000,000 se P t.i,'04,i
'
:.°??.1
Mbo^'^i^i
c )
6 OO °'.M
''i
^^$L006^
2d M
^^Oobfg^*^
EL I P M
000*
gold
;
..
1
.!
'..
5 * JJ
5,697.000 July 1,1954
Security Trust Co., Rochester, Trustee.
19(W
1892
5 *-
M -N
2,250,000
Nov. 1, '12
}
190°
^K-M- 8
1,000,000 Mar.15,'20
?
^1
Mun.'G. &El."ist*M."$i,"-)
190i
1902
4Hg J*J
4i*g. A-O
700,000 July
1,500,000 Apr.
''
'
''
\
-
1, '21
1,
'42
Trust Co., N. Y., Trustee.
....
779,900
Water Power mtges
Stotk - The common stook is 70 per cent paid and a call of 10 per cent
additional is payable July 1, 1906. No additional calls can be made
before July 1, 1907, and not more than $10 per share in any
oonsecutlve 12 months. The preferred stock is 4 per cent cumulative until June 1 1906; thereafter 5 per cent cumulative.
Bonds— The Municipal <-»as A Electric 4»«8 are subject to call on and
after April 1, 1912, at 102»« and interest on.3 weeks' notice. The new
$16,000,000 mortgage of the Rochester Ry. & Light Co. is subject to
call on any interestjaate at 110 on.1 90 days notice. Interest is payable
at the Security Trust Co., Rochester; E. W. Clark & Co., Pull., and
Hodenpyl, Walbridge & Co., New York. Of the $16,000,000 authorized, $5,197,000 was issued in exchange for stock of the Rochester
Gas & Electric Co. and $500,000 was sold for cash; $6,230,000 are reserved to retire prior liens of the Rochester Gas A Electric Co. and
$4,073,000 for betterments and improvements.
Dividtnds.— First dlv. on pref. stock-1 p. o.— was paid Sept. 1, 1904
500,000 ($1,000) .g., c*
5
Int. at Central
,
Property— Does the entire street-railway, gas, electric-light and
power business of Rochester. Franchises for electric light, gas and
power business are perpetual and for street railway are perpetual and
exoluslve.
OFFICERS— Chairman of Board, Frederick Cook, Rochester; President, H. D. Wall ridge, New York; Vice-Pres, E. W. Clark Jr., Philadelphia; 2d Vice-Pres., Granger A. Hjllister, Rochester; Sec. and
Treas., George E. Hardy, New York; Gen. Mgr., Ass't. Sec. and Treac,
W. M. Eaton, Rochester.— V. 78,tp. 1782, 2012, 2443; V. 79, p. 152,
213,787.
(l )ROCHE8TBR
RAILWAY—A trolley road
entire street oar system of the city
of Rochester. Chartered Feb. 25, 1890, and is a consolidation of
the Rochester City and Brighton RR., the Cross-Town RR. and the
South Park RR. Franchise practically perpetual and exoluslve. The
Rochester Electric Railway was leased on September 8, 1894, lease
dating from July 1, 1894, for 50 years, at a rental of 8 per cent on
Orqanization— Controls the
(of which the Rochester Ry. owns $136,900) and
whenever gross receipts exceed $55,000 one-quarter of such excess. A branch of the Rochester & Suburban (the Summerville Branch)
Is leased for 10 years from April 1 5, 1898, at an annual rental of $8.000: see that company under Irondequoit. In addition to the stock
of the Roohester Eleotrio Ry. also owns 205 scares out of the total 400
$200,000 stock
shares (par, $50) of the Rochester
($100)
& Charlotte Turnpike Co.
<
&
B. 3d M.,
1st M. ($500)
Roch. O'y
Rv
Rochester
—
now < 1889 6
A-O
175,000 Apr. 1,1919
Interest at Roohester Tr. & S. D. Co.
189 ° 5 g. A-O
2,700,000 Apr. 1, 1930
ZM r
161"' Morgan
at
Co -' New York
I
Consol M-
•SSoSoro^iISwg™
(
^y
&
ctt |f'
1893' 5g.J-D
1,500,000 Deo. 1, 1933
($1,000 each)
c* 5 Interest at Security Tr. Co., Rooh., Trustee.
Consolidated mortgage of 1890 and second mortgage cover all present
and future property of the company, and the bonds are to have their
principal and interest paid without deduction for any tax payable by
the company under any law of the United States or New York State
and imposed upon the bond for national, State or municipal purposes.
Of the consols $300,000 are reserved to retire underlying bonds of the
Rochester City & B. RR.
J
2d M., $1,500,000, g.)
Second mortgage bonds cannot be called.
Dividends-—First dlv. on pref. stook, 1 p.o., was paid Jan. 1, '02; in
1902 4% p.c; in 1903, 5 p.o.; In 1904, Jan., 1^4 p. c; April, 1*4 p. c;
1H p. 0.
Road.—Following are
July, 1*4; Oct.,
acquired Rochester
Road. Owned.
—
Main line,
details of mileage, not including the recently-
& Sodus Bay:
Road leased—
Miles.
49-12
36 17
trolley
Second track
1-64
Total
8693
Miles.
Rochester Electric
do
do 2d track.. 17 ."*
QO
[*'
Rochester & Suburban
do
2d track <fe siding J
~]
-
Sidings
1
Total oper
104-92
Weight of rails, 40 to 107 pounds, standard gauge; oars, 200.
Annual Reports for years ending June 30 show
1903-04.
1902-03.
Gross earn..$l ,487.182 $1,291,369
Net
636,434
598,438
Oth. Income
24,930
32,983
1903-04.
1902-03.
Int.& taxes
^$358,658
Rentals
Dividends .. 125,000
$392,882
125,000
.
Netmc...
—V.
78, p.
Surplus
$661,364 $631,421
$177,706 $113,539
344, 684, 769, 1276, 1782, 2012; V. 79, p. 152, 213.
THE ROCHESTER & SODUS BAY RAILWAY
13, 1898, to build
CO.
an electric railroad
from Sodus Point, Wayne County, on Lake Ontario, to the city of
Rochester. The road was opened on August 22, 1900. On April 1,
1901, leased for 999 years the Irondequoit Park RR. of 3*q miles,
and this on July 25,1902, was consolidated with the Rochester & Sodas
Bay RR. The latter has been leased from July 1, 1902, to the
Rochester Ry. for 999 years. For terms of lease see that company
above. V. 75, p. 395. Total track owned and operated, 41-20 miles.
STOCKS—
Common, $1,100,000
Pref. 4 p.
0.
Dale.
Interest.
($100)
cum., $750,000
4
V. 73, p. 1265; V. 75, p. 240,395.
Outstand'g Maturity.
$1,100,000
750,000 See text.
—V. 71, p. 391;
ROCHESTER CHARLOTTE & MANITOUOrGanization— Chartered March 14, 1895, as a steam road, but 1b
operated by electricity.
Date.
Interest.
Outstand'g.
Maturity.
STOCK db BONDS—
Stock, $100,000 ($100)
$97,500
First mort., $82,000, C 1895
5 Deo.
81,250
Dec. 1, 1925
gold
Security Trust Co., Roohester, Trustee.
i
Road From Charlotte (suburban town and resort of Roohester, on
Lake Ontario,) to Manltou Beaoh, on Lake Ontario, 7*75 miles.
Officers— President, Michael Doyle; Vice-Prest., Lewis Warfleld;
—
Sec and Treat.,
l?0%°paS!}
3 60O
°»?0
&
Organization—Organized Aug.
ORQANiZATiON— Incorporated in New York on May 24, 1904, and is
consolidation of the Rochester Gas & Electric Co. and the Rochester
Light & Power Co. Controls the Rochester Railway Co. through
ownership of a malority of the common and preferred stook. This
*1L S::.f.
On July 1, 1902, leased the Roohester A SodusBay Railroad for 999
years at a rental of 2^ P- o. on $750,000 preferred stook for first
year, 3 p. o. for second year, 3>sp. o. for next year, and 4 p. o. thereaft er. No other payments to be made under lease. V. 75, p. 395.
In Oct., 1901, both pref. and com. stook were listed on the Philadelphia
Stock Exohange, ana in Nov., 1902, listed the 2d mortgage bonds.
Date. Interest. Outstanding.
Maturity.
Stocks
BondsCom. stk, $3,000,000 ($100)
$3,000,000
Pref. 5%, cum. $2,500,000)
2,500,000 Oot, '04,li4%
(a)
N. Y.
[Vol. lxxix.
J. M.
MoGrath.
ROCHESTER & EAST. RAPID RY-A
trolley road.
Organization -Incorporated In New York In 1901. Controls through
ownership of stock the Ontario Light & Traction Co., (whloh owns 3
miles of street railway, operates an electrio light plant and owns
majority of capital stook of Canandaigua Gas Light Co.). Has $37,785
bonds outstanding. Uses traoks of Rochester Ry. Co. in Roohester.
Rest is almost all on private right of way, exoept in oitles and villages.
&
Date.
Interest. Outstand'g.
Maturity.
Stock
BONDS—
Stock, $1,500,000 ($100)
$1,500,000
1903 5 g. A-O
None.
1st mort, $1,500,000, J
Oct. 1, 1933
0* I Int. at Rooh. Tr. & S. Dep. Co., Roch., Trustee.
gold ($1,000)
Bonds— No sinking fund and bonds are not subject to oall. Are all
held by the Construction Co., whose members are stockholders of the
road.
ROAD-Operates 31-6 miles from Rochester to Canandaigua, whloh
was plaoed in operation on Nov. 15, 1903, and an extension to Geneva,
about le^ m„ completed in June, 1904. Standard gauge, 70-lb. T rails.
Officers— President, William B. Comstock; Vice-Pree., Frederiok
W. Walker; Secretary, William A. Comstock; Treasurer, Henry A.
Haigh; Gen'l Mgr., John H. Pardee.-V. 77, p. 2099; V. 78, p. 1962.
ROCKFORD,
ILL.
ROCKFORD & INTER-URBAN RAILWAY.Organization— Ib a consolidation In October, 1902, of the Rookford
Ry. Light & Power Co. and the Rockford ABelvldere Electric RR.
On Sept. 1, 1904, absorbed the Rockford & Freeport Ehctrio Ry.
V. 79, p. 1462.
&
BONDS—
Outstanding. Maturity.
$1,000,000
Oot. '04, 1%
1902
RockTd &
5g. A-O
723.000
Oct. 1, 1922
mtgs., $800,000, g., V Interest at First National Bank, N. Y., or at
c* ) American Trust & Sav. Bank, Chic, Trustee.
($1,000)
5g.M-N
Rock. &Freep't 1st M..S
1903
$625,000
May 1, 1923
gu.
p.&i.
$750,000, g.,
} Amer. Tr. A Sav'gs Bank, Chicago, Trustee.
&
.c*)
Int.
Farson,
$500)..
at
Leach&Co.,
Chicago
& N. Y
($1,000
Bonds— Sinking fund on bonds of 1902 of 5% of gross receipts commences In 1908. Entire issue is subjeot to call at 105 and interest
after Oct. 1, 1907. $7,000 Rock. & Inter-Urban bonds are reserved to
retire bonds of like amount due 1918. The Rockford & Freeport bonds
are guaranteed, principal and interest, by Rockford & Interurban Ry.
Co.; $1'^5,000 are reserved for future extensions at 85 per ot. of cost.
A sinking fund equal to 5 per cent of gross earnings begins in 1910.
Bonds are subject to call after Feb. 1, 1910, at 105 and Interest.
Dividends.- In 1903, 4 p. 0. In 1904, 4 p. o.
Earnings— For year ending Deo. 31, 1903, (not Including Rookford
A jereeport Electric Ry.:) Gross, $200,633; net,$88,378; Interest and
taxes, $36,951; dividends, $30,000; surplus, $21,427.
Road— Operates 22 miles of trolley in Rockford and 14 miles between Rockford and Belvidere, also 28 miles of Rookford A Freeport
Eleotrio Ry. between points named In title. Total, 64 miles.
OFFICERS— Pres., R. N. Baylls, Chicago; Sec A Treas., W. F. Woodruff.
-V. 78, p. 127«: V. 79, p. 1462.
STOCK
$100
Inter- Urban )
Stock, $1,500,000,
Date.
Interest.
))
STREET RAILWAYS
Oct., 1904.]
ROCKFORD BELOIT & JANESVILLE
R.R.-
A trolley road.
Organization— Incorporated In Illinois in 1901. Franchises in
towns, 30 to 50 years. Private right of way between towns. Stock
was listed on Cleveland Stock Exchange in April, 1903.
Outstand'g. Maturity.
Interest.
Date.
Bonds—
Stock
$1,000,000
Stock, $1,000,000 ($100)
650 000 July 1, '23
5 g., J-J
1st mortgc, $1,000,000, S 1903
0" X Illinois Tr. & Sav. Bank, Chicago, trustee.
gold, ($1,000) s. f
Bonds— Int. is payable at The Citizens' Savings & Tr. Co., Cleveland,
or at the First Nat. Bank, N.Y. *350.000 bonds are reserved for extensions, etc A sinking fund begins July 1, 1908, of 119 p. 0. of bonds
outstanding for five years; thereafter, 2** p. o. Are subject to call
before July 1, 1913, at 108; thereafter at 105 upon 4 weeks' notice.
p OAD_Operates 33 miles of track between Rockf ord, 111., and Beloi t
and JaDesville, Wis. Enters Rookford through trattio agreement with
the Rockford and Inter-Urban Ky.
EARNINGS— For 12 months ending Deo. 31, 1903, gross, $138,661
net, $63,392; interest, $32,832; balanoe, $30,560.
Officers— Pres., H. R. Newcomb, Cleveland; Seo , Sidney T\ .Worthy,
Chioago; Treas., J. R. Nutt, Cleveland; Gen. Mgr., H. H. dough, Beloft;
Main office, Beloit, Wis.—V. 77, p. 1534.
&
ROCKLAND THOMASTON & CAMDEN
STREET RAILWAY.—An eleotrio road.
In Feb., 1901, consolidated with the Knox Gas & Eleotrio Co., and
of $800,000; from the proceeds of which the old
bond issues of both companies were retired.
made a new mortgage
&
Interest.
Outst'd'g.
Maturity.
Date.
Bonds—
Stock
1903-04,8%
$250,000
Stock $300,000 ($100)
4 g. J - J
800,000
Jan. 1, 1921
1st mtge. ($800,000) ) 1901
g. ($500 & $1,000) ..o 5 Int. at Union S. D. & Trust Co., Portland.Trus.
Bonds—No sinking fund and bonds cannot be called.
Road Operates 21*07 miles of track from Warren through Thomaston to Rockland, Rockport and Camden. In Sept., 1901, purchased
"Oaklands," a park of 75 aeres, for purposes of a pleasure resort.
Gross.
Net. Int.&lax. Oth.chg. Bal.,sur.
Tears end. June 30.
$165,4.12
$57,214 $33,309
$5,042 $18,863
1904
170,924
87,948
33,114
30,539
24,295
1903
OFFICERS— President, G. E. Maoomber; Vice-Pres., S. M. Bird; Sec,
H. iM. He»th; Treas., A. D. Bird; General Manager, Thomas Hawken;
Supt., V. Chisholm.— V. 72, p. 392.
ROME, GA.
Organization— Chartered in 1894 as successor to the Rome Street
Railway, which was sold in foreclosure July 5, 1895. In Dec, 1899,
pnrohased the plant of the Rome Eleotrio Light Co. Since Jan. 1,
1904, road has been extended to Lmdall.Ga. Now operates a passenger, mail and express service.and furnishes light and power to
city and to private individuals. (Population served, 20,000.)
Date.
Interest.
Outst'd'g.
Maturity.
$100
$75,000
Stock, $100,000,
100,000
Oct. 1, 1914
1st mortg., $100,000, gold ) 1894 5 g. A-O
$1,000, not subj. to call. 5 Int. at Am. Seo. &Tr. Co.,Washington, D. O
Bonds— On Jan. 1, 1901, $100,000 bonds were held by stockholders
of company. The company borrowed $16,000 to buy the plant of the
Eleotrio Light Co., the stockholders loaning their bonds to the company to be used as security.
ROAD— Owns 8 1* miles of track, including extension to Lindall,
built In 1904. In 1904 road was re-equipped with new engines, boilers, generators and rolling stock and laid with 60-lb steel rails.
OFFICERS— Pres., Seymour Cunningham; Vice-Pres., J. L. Bass; Sec.
and Treas., R. A. Denny; Gen. Man., C. N. Fuller.— V. 69, p. 1193.
romeT
n. y.
RY.— Owned by same
ROME
CITY STREET
Utioa
Mohawk
but operated
In
interests
Valley,
as
<fe
separately.
July, 1904, it
was proposed to consolidate this company with several others. See
statement of Syraouse Rapid Transit Ry. Co.
Date.
Interest. Outstand'g,
Maturity.
BONDS—
STOCK
Stock, $150,000 ($100)...
$150,000
Rome City Ry., 1st Mtge.. > 1900
5 g. A-O
200,000 April 1, 1950
$200,000, gold ($500)o* 5 Int. at Trust Co. of America, N. V., trustee.
6'8 miles of track, including sidings, Ac. Standard gauge. Rails.
Earnings year ending June 30, 1904: Gross, $18,818;
65-lb. steel.
loss in operating, $572; charges, $6,963; total deficit, $7,535.
OFFICERS-Pres., Horace E. Andrews, Cleveland, O.; V.-Pres., John
J. Stanley, Cleveland; Treas., C. B. Rogers,Utlca; Sec, W. N. Kernan,
and Asst. Sec and Treas., A. L. Linn Jr., Utioa.—V. 79, p. 270.
&
RUTLAND, VT.
RUTLAND STREET RAILWAY.-A
trolley road.
Organization.—Incorporated in Vermont on Nov. 13,1882. In 1894
rebuilt the line as a trolley road and newly equipped it throughout.
Date.
Int.
Outstand'g.
Stock Bonds—
Maturity.
Stock, $1,500,000 ($100)
$1,200,000
New 1st mtge., $1,000,000 > 1902 5 g.'J-J
750,000 July 1, 1952
($1,000) g
c* S Int. at Merchants' Tr. Co., N. Y., trustee.
Bonds redeemable at 110 and int. on any interest day; no sink. fund.
ROAD—Owns and operates 10 miles of track in Rutland, extending
to West Rutland. In Jan., 1904, completed a line to Fair Haven, on
the New York State line, with extension to Bomassen, 15 miles;
total, 25 miles. Standard gauge; 60-lb. t rail.
OFFICERS-Pres., Leo H. Wise, New York; Vice-Pres., John P. Munn,
New York; Seo. and Treas., Chas. H. West, Rutland; Gen Mgr.,
David Fox Jr.—V. 73, p. 958; V. 74, p. 207; V. 75, p. 442.
&
SACRAMENTO, CAL.
CALIFORNIA
POWER & DEVELOPMENT
CO. OF CENTRAL CALIFORNIAOrganization.— Incorporated in California in August, 1903. Is to
build a standard-gauge electric railway to be called the Sacramento
Newcastle
Orovflle Elect. RR. Owns 30,000 acres of land, valuable
leases and water rights for irrigation and power purposes. In Nov.,
1903, the American Guaranty
Trust Co. of San Francisco offered
$500,000 of the bonds for sale.
Date.
Stock
Interest.
Bonds.—
Outstanding. Maturity,
Stock, $2,000,000 ($100)
$1,100,000
1st mort., $2,000,000 g. ) 1903
6 g. J-J
1,000,000 Sept i', v53
($500 and $1,000) 0. . 5 Int. at Cent. S. Dep. Tr.Co., San Fran.", trust.
Bonds.—There is a sinking fund of 10 per cent and bonds are subject
to redemption after 20 years at par and interest.
&
&
&
.
Road.— Is
to extend
from Sacramento
to Oroville,
RY- &
LIGHT CO-
in New Jersey on
1903. and is a consolidation of theSaglnaw Valley Traotion Co.,
the Bay Cities Consolidated Ry. Co., the Bay City Gas Co., the Saginaw
City Gas Co. and the Bartlett Illuminating Co. of Saginaw, thus controlling the street railway, electric light and gas interests of the two
olties. Franchises extend from 16 to 30 years from 1903. On Sept. 29,
1903, the Bay City United Traction Co., a temporary organization, purchased at foreclosure the property of the Bay Cities Consolidated Ry.
lnthelnteiest of this company. V. 77, p. 950. That oompany, was subsequently merged into the Saginaw Bay City Ry. & Light Co. E. W.
Co. of Philadelphia and Hodenpyl, Walbridge
Clark
Co. of New
York financed the enterprise. V. 76, p. 1250; V. 77, p. 951.
Date.
Interest.
Outstand'g.
Maturity,
Bonds—
Stock
:
$3,000,000
Stock, $3,000,000 ($100)...
1903
M.-8.
mort.,
5g.
2,800,000 Sept. 1, '23
Coll. tr
$7,000,000,
0'
Michigan Tr. Co., Trustee, Grand Rapids.
gold ($1,000)
1899 5g. F&A
820,000 Feb. 1,1924
Sag. ValTr. lstM., $850,000, g, $1,000 each...o* Int. at Boston Safe Dep. & Tr. Co., Trus.
750.C00 May 1, 1916
5g.
Sag. City Gas 1st mortgage, \ 1901
$1,000,000, gold ($1,000) S Michigan Tr. Co., Grand Rapids, Trustee.
375,000 June 1,1920
Bay Citv Gas lstmortgage, j 1900 5g. J.-D.
Trust Co., Trustee.
$500,000, gold ($1,000). J Int. at N. Y. Seo.
Bonds—Of the new collateral trust mortgage for $7,000,000, $1,945,000 are reserved for prior liens and $2,255,000 for improvements.
The new bonds are srbject to call on any interest date at 105 upon 60
days notice. Interest on these bonds is payable at Hodenpyl, WalCo., Philadelphia, and at
brldge & Co., New York and E. W. Clark
the Michigan Trust Co., Grand Rapids, Trustee. The Saginaw City Gas
bonds are subleot to oall at 105 and interest on 6 weeks' notice. The
Bay City Gas bonds are subjeot to call at 110 and interest on any interest date upon 4 weeks notice. The Saginaw Valley Traction 1st 5s
unissued are held as additional security for the Saginaw-Bay City Ry.
& Light Co. fis. A sinking fund of $8,500 per annum on these bonds
commences Feb 1, 1907, and runs for 5 years, after which $17,000 per
annum is payable, said fund to be invested in the bonds at not above
oompany was incorporated
ORGANIZATION—
Au?.
3,
&
&
&
&
107 ^2 and interest.
ROAD. -Operates 63 miles of traok in Saginaw and Bay City, including an interurban line between the two cities. Also owns bridge
across Saginaw River costing $60,000,
OFFICERS.— Pres., Anton G. Hodenpyl, New York; Vice-Pres.. C. M.
Clark, Phila.; Seo. and Asst. Treas G. L. Estabrook, Phila.; Treas. and
Asst. Sec, George E. Hardy, New York.— V. 77, p. 299, 951.
.
ST.
CITY ELECTRIC RAILWAY-A trolley road.
& B0ND8—
par
SAGINAW, MICH.
SAGINAWThisBAY CITY
&
ROCKLAND, ME.
STOCK
1581
96 miles, with
branches, 3-5 miles. Construction began Dec, 1903.
, Officers. -President, K.H.Plate, San Jose; Vice-Pres., I. Meyer,
Lincoln; Sec, C. Sohiffer; Treas., Cal. Safe Dep. & Tr.Co.-V.77, p. 1745.
ST. ALBANS, VT.
ALBANS STREET RY.-A trolley road.
Organization— Incorporated in Vermont. Controls entire business In St. Albans and Swanton. Charter permits the carrying of
baggage, express and mail.
Interest.
Outstanding.
Maturity.
STOCK
BONDS— Date.
&
Stock, $200.000
$200,000
1st mort. $200,000, ) 1902
5 g. J-J1&
193,000
Jan. 15, 1922
gold (*l,000)...o* s Int. at Mercantile Trust Co., Boston, Trustee.
Bonds Can be called on any interest date at 107 and accrued interest.
ROAD— Operates 13 miles of track from Village of St. Albans Bay on
Lake Cham plain, to City of St. Albans, and to Swanton; 60 lb. T rail.
OFFICERS-Pres. and Man., Jerome Marble, Worcester, Mass.; V.-P.
J. J. Flynn, Burlington, Vt.; Treas., H. F. Leland, Worcester, Mass.,
Sec, F. C. Smith, St. Albans, Vt.; Aud., C. A. Middlemas, Worcester.
V. 74, p. 268; V. 76, p. 543.
—
—
ST. JOSEPH, MICH.
BENTON
HARBOR & ST. JOSEPH ELECTRIC RAILWAY & LIGHT.This is a consolidation of the St. Joseph & Benton St. Ry., the Benton Harbor & Eastern Springs Elec Ry. and the Benton Harbor <fe St
Joseph Eleo.Light Co. Owns all the street railway and electrio-light
privileges in the cities of St Joseph and Benton Harbor.
STOCK
&
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Com. ($100) ,$100,000
PT
5 '°.°
$100,000
±5.°00
(|lbof^'.f.t
?
1st mtge.",$200,600, > 1900
5g. M-S.
200,000
Sept. 1, 1920
gold ($1.000)
5 Int. at Am. Tr. & Sav. Bank, Chioago, Trustee.
Bonds—After 1910 $10,000 per annum is payable into a sinking
fund, but bonds cannot be called.
Road—Owns and operates 11 miles of track in St. Joseph, Benton
Harbor and the Township of Benton under franchises which expire
from 1921 to 1931.
OFFICERS—Pres. and Treas., W. Worth Bean; Sec, W. Worth Bean
Jr.; Supt., H. C. Mason.— V. 72, p. 86, 88, 282.
ST.
JOSEPH, MO.
JOSEPH
POWER
CO- RAILWAY LIGHT HEAT &
ST-
Organization—Incorporated in Missouri on Nov. 17, 1895, and
acquired the following properties: The St. Joseph Traotion & Lighting
Co., People's Ry. Light & Power Co., Citizens' Ry. Co., Union Ry. Co.,
St. Joseph & Lake Ry. Co. and Wyatt Park Ry. Co. Comprises entire
street railways of St. Joseph. Company also does the entire commercial electric lighting and power business, and sells steam f or heating
purposes. Most of the franchises are perpetual, the others maturing
in periods from 37 to 48 years. Owns a park of 250 acres onLake
Contrary. Also coal rights on 1.100 acres of land. V. 75, p. 1032. Is
managed by E. W. Clark & Co. of Philadelphia. In March, 1903, bonds
were listed on the N. Y. Stock Exchange and the Phila. Stock Exchange.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
Com. stk., $3,500,000 ($100)
$3,500,000
Pref. stock, 59* cumulative
1,560,000 Oct.'04, 114%
$2,500,000 ( $100)
\
1st mortgage, $5,000,000,
1902 5g. M-N 3,500,000 Nov. 1, 1937
0*1
gold ($1,000)
Interest at Redmond 8s Co., N. Y.
Bonds.— Trustees are Trust Co. of America, New York, and Missouri
Valley Trust Co., St. Joseph. $1,500,000 are reserved for additions and
betterments at the rate of 85% of cost. Bonds cannot be oalled.
Dividends.— 5 pe r cent per annum is now being paid on pref. stock.
Road— Owns and operates 40 miles of track. 132 cars.
EARNINGS— For years ending Deo. 31 of consolidated properties, excluding income from park: In 1903, gross, $596,685; net, $277,880.
OFFICERS— Pres., John Donovan, St. Joseph, Mo.; V.-P., E. W. Clark
Jr., Philadelphia; Sec and Treas., G. L. Estabrook, Phila.; V.-P. and
Gen. Man J. H. Van Brunt, St. Joseph; Supt., Chas. F. Hewitt, St.
Joseph.—V. 61, p. 926; V. 75, p. 1 86, 1032; V. 76, p. 480, 595, 706.
&
,
ST.
LOUIS MO.
UNITED RAILWAYS
Map on Page 1582.
CO.
OF
ST. LOUTS-See
Comprises all the street car lines in operation in St. Louis, with the
exception of the St. Louis & Suburban system. Was originally leased
to the St. Louis Transit Company, but under a reorganization arranged in October, 1904, by Messrs. Brown Brothers & Co. (V. 79, p.
1333) the lease will be canceled, the $17,264,300 stock of that company will be exchanged for $6,905,720 common stock of the United
1582
*»,_
^
STREET RAILWAYS.
[Vol. lxxix.
);
)
;
:
.
Rwys. Co. (on the baM« of $.100 Transit stock for $700 Rwye. stock)'
the $20 00i. 00 refunding and improvement mtg. of the 8t. Louis
issued) will be retired *nd $7,000 000
Transit Company ($*, 00,
trust notes of tlia
of o»»h provided to take up the $5,776,000 collateral
Transit Company maturing Nov. 1, >904, and to furnish money for
street paving required by the city and for other improvements.
The St. Louis Transit Co. will issue $.0/00.000 of 5 o. o. improvement bond*, to be guaranteed by the United Railways Co. of St. Louis
(the latter's guaranty to be secured by mongage on all of its property
next in r»nk of lien to that of its general mortgage), and this will be
of these bonds.
the only outstanding seou^ity of the Transit Co
$8 000 00<> will go to retire the $8,000,000 refundiugand improvement
bonds of the Transit <"o. and $2,000,000 will go to the syndicate as
part oonsideratii n for the $7 000.000 cash to lie provided. St. Louis
Transit stocbholders have until Oot. 17 to apply for membership in
syndicate a d until Oot. 1 * to deposit their shares for exchange.
The common st >ck of the United Railways Co. is to be deposited
under a voting trust agreement which shall endure for Ave years from
Nov 1, 1904, unless sooner dissolved, pursuant to the terms of such
agreement
UNITED RAILWAYS COMPANY OF
—
Date. Interest. Outstanding.
com.. $2 ..000,000, *""
$24,913,800
voting trust oer itic ites. .. J
cum.,
$/0,->
8took pref., 5%
12,983,200
5 Q.-J.
STOCK AND Bonds
Maturity.
oalled
tee, or at
3
e
g ° ld
<
TranTt ro
1904 5
'
*•
Brown
A"°
Bros.
& Co., N.
1°-0°°><> °
|
Date.
8
Outstand'g.
Interest.
1896 5
M
S
$700,000
$l ,000,000. A!! .?* c* S
Subjeot to oall in 1901 at 105.
'
-
"
Maturity.
Mch.
1,
1906
Ltndell System
Lindell Ry. 1st mort.,] 1891
Aug. 1, 1911
5 g. F-A $1,500,000
c**r Interest payable
$1,500,000
in New York and St. Louis.
gold, $1,000 each...
'
J
Comp'nH.U.D.&M
T.
o*
1st mort., gold
Taylor Ave. RR. 1st
mortgage, g
July 1, 1913
1,000,000
6g. J-J
Louis-Union Trust Co.; also in N. Y.
July 1, 1913
1893
500,000
6 g. J-J
Interest at St. Louis-Union Trust Co., St. Louie.
1893
Int. at St.
\
)
j
Union Depot System—
Union Dep't RR. Oons. 1893
($3,500,000) g.
.
.
Jefferson Av. RR., M.
$400,000
6
)
c
,
sqB;
18S5
J-D
g.
\
5
\
Southern Elec System—
MN
M"
3,500,000
June
1,
1918
277,000
Nov.
2,
1905
M
- N
500,000
6
Consol. M. ($500,000)... 1890
200,000
5 g.
Mort. of 1896, $200,-* 1896
Louisville,
Ky.,
gold.'cjlnt.
pay'le
at
000 ($1,000),
National System —
St. Louis RR. 1st M.,) 1890
our. ($1,000 each) . .
Baden St. Louis 1st
&
mortgage, gold
Cass Avenue & Fair
Grounds
000,000,
1st M.,$2,g.,
$1,000,
sink, fund,, guar. p.
&i. (Nat. Ry.)....o*
M-N
5
1,948,000
Subject to call
5
J
)
1893
J
5g.
-
J
May
Aui
and St.
May
May
250,000 July
1, 1893.
1915
1916
L.,
1,
1,
1,
Mo
1910
1900
1913
Subjeot to call after July
Road —Operates 19% miles
of track between St. Louis and 8t.
Gauge, 4 ft. 10 in. 60 and 70-lb. J and girder rail.
Officers — Pres.and Treas.. J. B. C. Lucas; Vloe-Pres., J. J. Broder-
Charles'.
lok.-V. 78, p. 704; V. 79, p. 213.
(
&
I
)
ST.
CHARLES &
ST.
LOUIS COUNTY BRIDGE CO.
Organization— Incorporated
The
in Missouri.
St.
Louis
St.
Charles
Western RR. pays the Bridge Co. 5 cents for each passenger cross-
&
Outstanding.
Date.
Interest.
Maturity.
Bonds—
Stock
.
$400000
Stock. $100,000 ($100)
Jan. 1, 1934
1P04
5 g. J-J
400,000
1st mort'ge, *400,000, >
ouis, Trus
St.
gold ($1,000).
S Int. at Commonwealth Tr. Co
Bonds— Are subject to call at 105 and interest on Jan. 1 1^09.
Property— Bridge across the Missouri River, 2,700 feet long, be
tween St Charles and St. Louis; was opened April 22, 1904.
OFFICERS— Pres. and Gen'l Mer., L. S. Mitchell; Vice-Pres., F. W.
Chili; Seo'y and Trets., Wm. V. Delahunt.— V. 78, p. 703.
C
5g.
J-J
J-J
July 1, 1907
1,500,000
Citizens' Ry.lst mort. Int. at St. Louis-Union Tr. Co., St. Louis; also
at Amer. Exch. Nat. Bank, N. Y. City,
gold ($2,000,000).. ^
Trustees are Chas. Parsons and Thos. E. Tutt
Total
$13,688,000
* Owned Jointly by Missouri, Lindell, Union Depot and National
companies.
Dividends— First div. oflkp, c. on pref. April 10, 1900, and the same
amount quarterly since then.
Road.—The mileage of the combined system is as follows
Miles.
Miles
Missouri RR. System (elec.) 27*62 St. Louis Traction Co.. (elec.) 10-27
Lindell Ry. System (eleo.).*121-34 Southern Electric Ry. (elec) 23-29
Union Dep't RR. Sys (elec). 74 04 National Ry. System (elec.) 81 25
14 43
Jefferson Ave. Ry. (electric). 6-41 Central Traction
Total miles, all electric (in operation, 345 06; leased, 2-54;
35865
not used, 1 i "05)
In addition to which a large amount of additional mileage has been
authorized but not coe struoted.
* Including county roads.
In 1903 made contract with the Union Electric Light & Power Co.
of St. Louis for an additional supply of power, delivery of power to
begin about June, 904.
Latest Earnings— For 9 months to Sept 30, 1904, gross, $7,298,308,
against -65,401,814 in the 9 months of 1903.
Report.—The following shows the results of combined properties
for the calendar years 1903, 1902 and 1901. Report for 1903 in V. 78,
p. 1494, 1495.
Calendar Tear1903.
1901.
1902.
Revenue passengers
147,141,429 130,>-30,722 117,546.811
46.44H.1S1
Transfers and passes
54.247.218
63,096,679
Total passengers
2iO,v38.108 lx5,>77,9u) 103,ii95 t>42
Mileage
3-,53\626
31,074,581
29,340,361
Gross earnings
$7,2r>9,460
$6,438,788
$5,777,599
Operating expenses and taxes 4 51 3,515
3 9r>7.721
3,692,4 00
Net earnings
$2,74.^,945
$2,085,199
$2,47 ,067
3' ,3>-7
Other income
6.313
13.430
Total income
$2,782, -i32
$2,484,497
$2,091,512
Deductions from income
197,4~3
132,037
254.830
Net income
$2,5fc4,859
$1,836,682
$2,352,460
Fixed charges (incl. div. on pf
stock of United Railways)
2,647,646
2,362,312
2,620,544
Deficit
de .$62,787
$525,630
$268,084
Officers.— Pres., Murray Carleton Vice-Pres. and Gen. Mgr., Robt.
McCullc ch; Sec. and Treas., James Adkins; Auditor. Frank R. Henry.
6
1
,
.
1
.
1
. .
;
Murray Carleton, A. D. Brown. Paul Brown, H 8. Priest,
Eugene Delano, Corwin H. Spencer, F. E. Marshall, James Campbell,
Robt. MoCulloih, Louis A. Cella and Geo L. Edwards.— V. 78, p. 989,
1110, 1494, 14»d; V. 79, p. 734, 1024, 1333.
LOUIS & SUBURBAN R Y.-A trolley road.
ST.
St. Louis & Suburban Ry., the St.
Louis Cable <te Western RR., the St. Louis & Merameo River RR., the
Louis
<v
Knk
wood
RR.
and
the
Brentwood Clayton & St Louis RR.
St.
Organization— Comprises the
V. 76, p. 332.
&
Outstand'g. Maturity, etc,
Date. Interest.
Bonds—
$2,500,000
6M.-N.
1914
600,000
8t. Louis Cable & West'n > 1884
Tr. Co., N. Y. city.
Ry 1st mortgage
$ Int. at Farmers' Loan
Feb. 1, 1921
1891 5 g.F-A
1,400,000
St. Louis & Suburban
1st mort.. ($2,000,000) V Interest at Boston by Amer. Loan & Tr. Co.,
Stock
Stock, $7,500,000 ($100)
<fe
.
gold, $1,000
&
Trustee; red. at 105 any
J
Mer. 1st mort.,
int. date.
M
.N
8 q fi fi
May 8, 1916
1,000,000
$l,000,000,g.($l,000),
,
L. p.
^'TYh^
at L.
t
iv >f Literest at Mississippi Valley Trust Comruar.
& l. by St.
_,„ n
„..,„_
st T
trustee.
"j
,
&
ubur-b., endorsed..*]'
Sub. gen. M. $7,- \ 1903
St. L.
&
_
_
3,99^,000 April 1, 1923
500,000, g.,($l,00 ».c* S Lnt at Miss. Val. Tr. Co., St. Louis, trustee.
Bonds—Of the new mortgage for $7,500,000, $3,000,000 are reserved
to retire prior liens. The St Louis & Merameo River in April, 1903,
made a new mortgage for $3,000,000, of which *2,000,000 was taken
by the St.L. & Suburban Ry., the remaining $1,000,000 being reserved
to take up the first 6s of 1916.
ROAD—Operates about 100 miles of track in St. Louis and suburbs.
Officers— Pres., Julius 8. Waish; 1st V -Pres., Breckenridge Jones;
2d V.-rres., J. 8. Walsh Jr.; See and Treas., E. P. Somrners; Gen. Supt.,
John Mahoney.— V. 76, p 1 03, 266, 332. 866.
5 g.A-0
SALT LAKE CITY, UTAH.
UTAH LIGHT & RAILWAY COIs controlled
London. V. 78,
by the Gas, Water
&
General Investment Trust of
1551.
p.
Organization— Incorporated in Utah on Jan. 2, 1904, and is a consolidation of the Utah Light & Power Co. and the Consolidated Ry. &
Power Co. Controls all of the electrlo-lighting and the greater part of
the street railway business of Salt Lake City. V. 78, p 104, 34 4, 704.
Interest.
Outstanding. Maturity.
Date.
STOCK
BONDS—
Com. ,$6,000,000 ($25)
$2,000,000
&
Pref..
1,813,000 July 1, 1912
Subjeot to call at 102 on any July 1 after 1893
Interest at No. Trust Co., trustee, Chicago,
1892
1887
Directors,
March, 1932
5 g. M-8
none
1st mortgage. $600,000, > 1 902
o* 5 Int. at Colonial Trust Co., St. Louis, Trustee.
gold ($1,000)
Bonds.— Are subjeot to call after 1906 at 108.
St. L.
BOND ISSUES OF CONSTITUENT COMPANIES.
Missouri System—
M
$600,000
Stock, $600,000 ($100)
Y.
Oct. 1, 1924
Guaranteed, principal and interest, by United Railways Co., said
guaranty -ecured by general second mortgage on entire system.
Stock and Bonds— Of the $45,000,000 gen. 1st mtge bonds. $16,708,000 are unissued, $13,708,000 being reserved for the retirement of
underlying liens, and $3,000,000 are reserved for the sole purpose of
retiring the bonds of the St. Louis & Suburban in case its purchase
should at any time be made. The bonds are secured by all the stooks
of the oonttituent companies, and by direct mortgage lien upon their
In 1903 the $28,292,000 gen. mort. bonds
property and franchises
were listed on the New York and Philadelphia Stock Exohanges. See
V. 76, p. 980.
RR.
,
OoO.OOO
J'"
28.292,000
29.292,000
July 1, '34
Gen. 1st M., $45,00' >,000) 1899 4g. J-J
($1,000) g. o.,* cannot be > Int. at St. Louis-Union Trust Co.. Trus-
^rLouU
CHARLES & WESTERN
ST.
RufusW. Bailey was appointed receiver. V.79,p.213.
Organization— A trolley road. Incorporated in Missouri In 1901.
The St. Charles & St. Louis County Bridge Co. is controlled.
Maturity.
Outstanding.
Dale. Interest.
STOCK & BONDS.
1904,
8,
.
8T. LOUIS.
Btook.
I
LOUIS
ST.
July
ing the bridge.
of plan, the capitalization will consist solely of
Upon consummation
the following:
1583
STREET RAILWAYS.
Oct., 1904. J
trust
v
)
.
8% non cum,/
$4,000,000 ($25)
\
New mort., $10,000,000
UtahLt.&Pow. lstM.,>
$750,000, g ($1,000)0* S
Utah Lt. & Pow. con >
M., $3,500,000, gold. S
Salt Lake City 1st RL
a
ooo 000
4,000,000
.
1904
1900
5
Jan. 2, 1934
ft)
5 g J-J
750.000 Jan. 1, 1930
Int .at Colonial Trust Co New York, Trustee.
1900
4 g J-J
2.133 000 Jan. 1. 1930
Int. at Colonial Trust Co., New York, Trustee.
e g J-J
720,000
Jan. 1,1913
^ 1893
Guarantee Trust Co., Trustee.
o* )
($1,500,000)
Salt Lake City 2d*M., \ 1901
6 F-A
420,000 Feb. 1, 1905
$500,000 ($l,0O0) ..5 Wm. 8. and C. K. McCornick, Trustees.
,
6F A
^t^t^ort-Mm'i 1890
Int at Am L & Tr
70 000
'
Feb. 1,1910
'
Co - Bo8ton Trustee.
$500,000 ($100)
)
Cons.Ry.&P.,lBtM.$3;-) 1901
5 g. J-J
1,660,000
July 1,1921
000,000 g. ($1 ,000)c&r s Interest at City Tr. Co., N.Y., Trustee.
Bonds— Of the $3,000,000 Consolidated Ry. & Power Co. bonds^
sufficient are reserved to retire the underlying bonds. These underlying bonds iare being retired as fast as the new bonds are sold. The
new bonds are not subject to calL The Utah Light & Power 5s of 1900
are subject to call on July 1, 1905, or thereafter at par and interest.
Of the Utah Light & Power consols. $760,000 are reserved for prior
liens and remainder for impro v ements.
Road—The Consolidated Company owns and operates 80 miles of
-
-
-
'
track, including double-track, sidings, etc.
OFFICERS— Pres Joseph F. Smith; 1st Vice-Pres., John R. Winder;
2d Vice Pres., Joseph S. Wells; Treas., L. 8. Hills; Sec. and Gen.
Man., R. C. Campbell. -V. 78, p. 104, 344, 704, 1551.
w8
,
ii-w IK
SALT LAKE & UTAH VALLEY
RR.- An electric
and steam road. In Sept., i9<4,
G. Jacobs, Vice-Pres. of the Rait
J.
& Mercur RR had an option on this road. V. 79. p. 1024. Took
over the We^t Side Rapid Transit Co., sold at foreclosure Owns 12
miles of track, but onl> 4 miles operated by electricity; steam portion
not operated. Stook, $50,000. No bonds. President, Wm. Story,
Ouray, Col.-V.79, p. 1024
Lake
.
SAN ANTONIO, TEX.
SOUTHERN LIGHT & TRACTION
CO--
Controlled by the American Light & Traction Co.
Organization— Incorporated in New Jersey Sept. 6, 1899, "to hold
stocks, bonds and ther securities," and is a consolidation of tbe electric railroad ar>d the eieciric and gas lighting companies formerly
operating in San Anionio. For list oi companies absorbed see earlier
numbers of Street Railway Section.
Capital stock (formerly
*2, 500,000) is nil owned by Amer. Lignt & Traction Co. Amount was
reduced <o $2,500 on June 2, 1904.
Date.
Interest. Outstanding. Maturity.
Stock
Bonds—
Stock $2,500 (loc )
$2,500
Col. Trust $2,500,000, g., ) 1899
5 g. M-S
1,985,000 Sep.1,1949
($1,000); no s. f.. .. o* 5 Int. at N. Y. Sec. & Tr. Co., N. Y., Trustee. *
Bonds The bonds are secured by deposit with the
Y. Security
Trust Co. of New York of all the company's holdings of stocks, bonds
and other securities of it constituent companies, and are redeemable
at 105 upon six months' notioe.
i
&
—
X
&
STREET RAILWAYS.
1584
Road—Owns and operates 40 miles of track in City of San Antonio
Report— Figures now included in the American Light & Trao. Co.
OFFICERS—Pres., Emerson McMillin;
Sheldon
J. Glass; Treas.,
A..
p. 2013, 233S.
Vice-Pres.. Philip
H. Ostrom, 40 Wall
^
St.,
Lehman;
See.,
New York.—V.
78,
SAN DIEGO, CAL.
SAN DIEGO ELECTRIC R Y-A trolley road.
Organization, Etc.— Began operation in 1891, and in March, 1898,
purchased Citizens' Traction Co. at foreclosure sale. Owns 18 miles
of track. Stock auth., $500,000; no bonds. Entirely owned by J. D.
Spreckels Bros. & Co. of San Francisco. Pres., J. D. Spreckels, San
Franoisco. Cal.j Vice- Pres. & Man. Dir., Wm. Clayton; Sec. and Treas.,
Harry
L. Titus; Supt., B.
M. War ner.
SANDUSKY, OHIO.
SANDUSKY MONROEVILLE BELLEVUE
& NORWALK ELECTRIC RY.-To bea trolley road.
in 1900 to construct and operate an elecrailway connecting the points named in the title, a distance of
about 28 miles. Grading and power house have been completed and
road is expected to be finished In 1904.
Maturity.
STOCK
Bonds— Dale. Interest. Outs'anding.
Stock, $600,000 ($100)
$600,000
1st mtge., $600,000, ) 1900
1925
5 g. M-S
600,000
gold ($1,000)
cS Int. at Commonwealth T. I. <feTr. Co., PhiL.trus.
OFFICERS—Pres., Clark Rude; Vice-Pres., J. L. Bailey; Sec, W. E.
Guerin.-V. 71, p. 646.
ORGANIZATION— Organized
trio
&
SANFORD ME.
ATLANTIC SHORE LINE RAILWAY-
Organization— Incorporated in Maine. Purchased the Sanford &
Cape Porpoise Ry.; the Mous'am River RR. and the Sanford Power
and is constructing a line between Kennebunkport and York
Co.,
Beach.
Stock & Bonds—
Common, $1,000,000
Date. Interett. Outstand'g.
Maturity.
$850,000
Pref., 6 p. c, $300.000
250,000
1st consol $1,000,000, g.,) 1904 5s. A-O
630,000
Apr., 1934
($1,000, $500)
\ Int. at Knickerbocker Tr. Co., N. Y., Tr.
Bonds -Of the $630,000 outstanding, *459,000 were to retire underlying bonds as follows: $110,000 Atlantic Shore Line 1st 5 p. o. of
1904; $44,000 Sanford Power Co. 1st M. 5 p. o. of 1898; $250,000
Sanford <te Cape Porpuise Ry. 1st M. 5 p. c. of 1899, due 1928, and
$55,000 Mousam Riv. Ry. 1st M. 6s, Dec. 15, 1892, due 1912, and
$171,000 were lor present needs of company. $370,000 are reserved
for new construction, etc., at 75 p c of cost. Bonds are subject to
call, all or any part, after 10 years at 105, to be drawn by lot.
Road.— Old banford & Cape Porpoise Rv., 21*92 miles; Moupam
River RR., 347 miles; total. 25*39 miles; rails 60 lb.,T. Also line
from Kennebunkport to Biddeford, 11 miles, completed in Aug., 1904,
(this section on pr vate right of way; rails 70 lb. T) giving 36'39 miles.
Extension also to be built from Kennebunkport to York Reach. The
Sanford Power Co. has an electric power plant on Mousam River
which develops 2,000 h. p.
Earnings. Of the constituent companies operated separately for
1903, gross, $115,247; net, $44,546. In 1902, gross, $109,678; net,
$33,452.
OFFICERS.— Pres., E. M. Goodall; V.-Pres., F. S. Donuell; Treas., L. B.
Goodall; Sec'y, F. J. Allen; Gen Mgr., I. L. Meloon. -V. 78, p. 2383.
SAN FRANCISCO, CAL.
CALIFORNIA
Organization.— Incorporated in California on Dec. 5, 1901, and is
a consolidation of the California Central Gas & Electric Co., the Bay
Counties Power Co. (including tlie Valley Counties Power Co.), the
Sacramento Eleotrio, Gas &Ry. Co., the Oakland Gas Light & Heat Co
and the Fresno Gas & Electrio Light Co. (V. 76, p. 753). Is engaged
In the manufacture, distribution and sale of gas and electrio light and
power and the operation
of eleotrio railways.
In 1904 acquired the Standard Electric Co. of California and Its
subsidiary companies; also acquired the United Gas & Eleotric Co.
See V. 78, p. 1391.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
Stock, $l5,0u0.000, $100
$10. 000,000 Sept.,'04, 28c.
$10,000,000 ) 1903 5g M-8 8,750.000 Mar. 1, 1933
1st consol.
o* s Int. at Mercantile Tr. Co., 8. Fran., trustee.
fold ($1,000), s. f
tondt —Of the $10,000,000 authorized, $1,250,000 are reserved for
additional acquisitions and betterments; $750,000 were issued in 1904
for p irehase of 22,286 shares (total issue) of United Gas & Elec. Co.
The bonds are subject to call on any interest date at 1 10 and Interest on
four weeks' notice. Sinicing fund for 5 years, beginning March 1, 1904,
$150,000 per annum; from 1909 to 1913, *200,0u0 per annum; 1914 to
1918, $250,000 per annum; 1919 to 1923, $300,000 per annum; 1924 to
1928, $350,000 per annum; 1929 to 1933, $400,000 per annum. The
said sinking fund will provide for the sinking funds of the constituent
companies and is to be used In redeeming the bonds of the constituent
companies and the new $10,000,000 issue. The bonds redeemed shall be
kept alive and bear interest, except where the mortgages of the constituent companies provide for their cancellation; in the event of the
purchase of any of the new $10,000,000 bonds, these also are to be
kept alive, but should any of the latter be called for payment at 110
the bonds so called areto be canoeled.
Collateral— Up to October, 1904, there had been deposited with the
Mercantile Trust Co., as trustee, the following stocks of constituent
companies to be held as collateral for the new $10,000,000 mortgage:
35,990 out of 36.000 shares of Bay Counties Power Co.; all of the 15,000 shares California Central Gas & Eleotrio Co.; all of the 30,000
shares of Oakland Gas Ll_:ht & Heat Co.; 18,464 out of 18,584 shares
of Sacramento Eleotrio Gas & Railway Co.; all of the 4,898 shares of
Fresno Gas & Eleotrio Light Co.; 47,090 shares of the Standard
Eleotrio Co., and 21,823 shares of the United Gas & Electric Co.
Hi addition the Bay Counties Power Co. owns the entire $2,500,000
stock of the Valley Counties Power Co.
&
,
,
SACRAMENTO ELECTRIC GAS
<fc RAILWAY CO.
Miles. Date. Interest. Outst'd'g.
Maturity.
Stock out, $1,858,400, of which $1,846,400 held by Cal Gas
Elec
STOCK
&
Bonds—
&
265,000 June 1, 1912
Fl
Rv lstl 16 1892 6g.J-D
($25,000 due yearly) to June 1, 1921
*400 000 *1 000 I Int
at CaL 8 D * Tr Co 8an Fran - Trustee,
«*
* $500,
*3no gold.
inw?
o
&
or Union Tru8t co. New York.
j
1897 5g. M-N 2,225,000 Nv. 1. '04-27
Sao. Elec. Gas & Ry.) ....
1st mort., $2,500,000 > Int. at Cal. S. D. & Tr. Co., San Fran., Trustee,
o ) and Guaranty Trust Co. of New York.
($1,000) gold
Bonds—Of the $2,500,000 bonds authorized, $265,000 are reserved
for the Central Electrio Ry. firsts; $5,000 were retired In Aug., 1902, and
rtantral
M
-
I
-
-
-
BAY COUNTIES POWER
CO.
Date, interett. Outstand'g.
Maturity.
Stock out, $3,600,000, of which $3,599,000 held by Cal. Gas & Elec
"S
Sept. 1. 1930
$^.250,000
1st mort. *2 2V>non( 1900 5 «••
Interest at Mercantile Trust Co.. San Fran.,
<
»S?/ki
nrin?
goia (»i,uou)
^trustee, or in New York.
2d mort., $750,000 > 1901 6 g., A-O
$750,000
Apr. 1, 1931
gold ($1,000)
Union Trust Co., San Franoisco, trustee.
5
Bonds.— Of the $2,250,000 first 5s, $357,000 are reserved to retire
$186,000 Yuba Electrio Power bonds and $171,000 Nevada Eleotrio
Power bonds.
sinking fund on the first 5s of 1 p. o. of outstanding
bonds per annum commences in 1905 and runs until June 1, 1910, on
which date and for four years thereafter 1 H p. o. of bonds out; on
June 1, 1915, and for four years thereafter, 2 p. c. of bonds out; on
June 1, 1920, and for four years thereafter, 2*a p. o. of bonds out; on
June 1, 1925, and thereafter, 3 p. o. of bonds outstanding. The second
6s are subject to call at any time at 110.
STOCK
&
BONDS—
M
A
VALLEY COUNTIES POWER
STOCK
&
STOCK
& BONDS—
BONDS
Date.
Interest.
CO.
Outstand'g. Maturity,
Bay Cos. Power.
Stock out, $2,500,000, all of which is held by
1st mortgage, $2,600,000, > 1902 5 g. M-N $2,018,000 May 1, 1930
gold ($1,000) sink, fund S Mercantile Trust Co., San. Fran., trustee.
Bonds are not sublect to call.
Sinking Fund.— Commencing Nov. 1st, 1905, and on Nov. 1st for
eaoh succeeding four years 1 p. o. of aggregate amount of bonds issued
and outstanding; commencing Nov. 1st, 1910, and for succeeding four
years, 1*3 p. c; commencing with Nov. 1st, 1915. and for succeeding
four years, 2 p. c; commencing with Nov. 1st, 1920, and for succeeding four years, 2 1a p. c; commencing with Nov. 1st, 1925, and for succeeding four years. 3 p. c.
CALIFORNIA CENTRAL GAS & ELECTRIC CO.
Date.
Interest.
Outstand'g.
Maturity.
Stook out, $1,500,000, all of which is held by Cal. Gas & Elec
1st mort., $1,000,000 \ 1901 5g..F-A $1,000,000
Aug. 1, 1931
gold ($1,000), s. f .. 5 Int. at Mercantile Tr. Co., San Fran., trustee.
Bonds.— A sinking fund of 2 p. o. of bonds outstanding commences
on Aug. 1, 1902, but bonds are not subject to call.
OAKLAND GAS LIGHT & HEAT CO.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock out, $3,000,000, all of which is held by Cal. Gas
Eleotrio.
1st mortgage, $1,000,000.. 1891 5 M-8is
$1,000,000 Mar. 16, 1918
&
&
BERKELEY ELECTRIC LIGHTING
STOCK
&
BONDS—
Stock out, $98,040,
lstmortgage
all
Date.
of which
Interest.
is
CO.
Outstanding.
held by Cal.
Maturity.
Gas & Elec Corp.
6QF
1896
$26,000
ELECTRIC LIGHT CO.
FRESNO GA8
July
1,
1921
<fc
& Bonds—
Outstanding. Maturity.
held by Cal. Gas & Eleotric.
STANDARD ELECTRIC CO. OF CALIFORNIA.
Interest.
Outstand'g.
Date.
Maturity.
Stock
Bonds—
Stock $5,000,000
All owned by Cal. Gas. & Elec Co.
1st M., $5,000,000, gu. ) 1899
5g. M. 8.
$5,000,000 Sept. 1, 1939
p.&l. by Cal.G. & E.Co. S Mercantile Trust Co., New York. Trustee.
Blue Lakes Water lst> 1893
6 M.-S.
725,000 Mtr.15,1938
mort., $5.000,000
s Int. paid in N. Y.,San. Fran, and London.
350.000 Apr. 1, 1911
Stockton Water Co. 1st > 1891
6g. A.-O,
mort., $500,000, g
$ Int. at 111. Tr. & Sav. Bank, Trustee, Chic
Bonds. -The $5,000,000 Standard Elec. 1st mort. bonds are guaranteed by Cal. Gas & Elec Co. by endorsement; $2,000,000 are owned
by Cal. Gas & Elec. Corporation.
ELECTRIC CO.
UNITED GAS
Date. Interest. Outstand'g. Maturity.
Stock
BONDS—
Stock (^2,286 shares, $30 paid). All owned by Cal. Gas & Elec Corp.
Bonds, $2,000,000.
1902 5g. J.-J $1,150,000 Jly.1,'32
Properties Controlled— Before the acquisition of the Standard
Elec. Co. and the United Gas & Elec Co., the system owned and con-
Stock
Dale.
Stock out, $489,800, all of which
Interest.
Is
&
<fe
CASand&gas.
ELECTRIC CORPORATION— Trolley, electrio
M
[Vol. lxxix.
>
,
$5,000 iD Aug., 1903.
By the terms of a supplemental mortgage the right to call all or any
of the bonds at 103 has been rescinded, but this does not affect the
right to retire bonds as follows: from 1902 to 1906, lnoluslve, $5,000
per annum; 1907 to 1911, lnoluslve, $10,000 per annum; 1912 to
1916, Inclusive, $20,000 per annum; 1917 to 1921, lnoluslve, $30,000
per annum; 1922 to 1926, lnoluslve, $40,000 per annum. Total,
$525,000.
&
trolled Included: Developed waterpower and eleotric power machinery
installed, 58,000 horse power; additional water rights in process of
development, 59,000 horse power. Total power available, 117,000
horse power. Power transmission, main pole lines constructed, 1,056
miles; power and lighting distribution, polo lines constructed, 556
miles; gas genoratingjeapacity installed, 10,000,000 cubic feet daily;
gas mains installed, 471 miles; light and power consumers, 51,907;
entire street railway system of Sacramento, 24^ miles. Territory
Alameda, Amador, Butte, Calaveras, Colusa,
supplied— Counties
Contra Costa, Fresno, Marin, Napa, Nevada, Placer, Sacramento, San
Francisco, San Joaquin, San Mateo, Santa Clara, Solano, Sonoma,
Sutter, Yolo and Yuba; cities and towns: Alameda, Antioch, Belvedere,
Benicia, Berkeley, Burllngame, Chico, Colusa, Crockett, Davis, Dixon,
Elmhurst, Fairfield, Fresno, Grass Valley, Haywards. lone, Irvlneton,
Jackson, Lincoln, Livermore, Martinez, Marysville, Mill Valley, Menlo
Park, Mountain View, Napa, Nevada City, Oakland, Petaluma, Port
Costa, Pleasanton, Redwoci City, Sacramento, Richmond, San Rafael,
Santa Rosa, San Quentin, San Leandro, Stockton, San Mateo San Jose,
Santa Clara, Sutter Creek, San Franoisco, Suisun, Tiburon, Vacaville.
The Standard
Vallejo, Warm Springs, Wheatland and Woodland.
Electrio Co. has a hydro eleotrio plant of 13,000 horse power at
Electra and transmission lines to San Francisco (furnishing current to
San Francisco uas & Electrio Co.) to Oakland, Stockton, San Jose, etc.
:
V. 78, p. 988, 1391.
Earnings— For year ending Feb. 29, 1904, gross. $2,888,909; net,
$844,301; charges, $394,286; surplus, $450,015. Mar. 1 to Aug. 31 in
1904, gross. $1,950,076; net, $195,413; charges, $218,748; surplus,
$276,665; sinking fund, $75,000; balance, $201,665.
Dividends. —First dividend of 25 cents per share was paid May 16,
1904, and the same amount monthly since then, to and inoludlng
September, 1904.
OFFICERS— Pres., E. J. de Sabla Jr.; 1st Vlce-Prest., John Martin;
2d Vlce-Prest., F. G. Drum; Seoretary, Chas. W. Conlisk; Treasurer,
R. M. Hotallng; Gen. Mgr., John A. Britton.— V. 79, p. 732, 1331.
CALIFORNIA STREET CABLEOR3anization—Chartered Feb. 8, 1877. Annual meeting the seoond
Wednesday In July.
Outstanding.
Maturity.
Date. Interest.
STOCK & BONDS—
Monthly.
Bee text
Stock (par, $100)
}
{ ^^parn'm?"
$900,000* Jan. 1, 1915
1890 5g. J - J
1st mortgage, gold....
Dividends had been 50 cents monthly, but In August, 1902, were Increased to 75 cents, and that amount paid monthly to <iate.
Road—Operates lUs miles of track on 5*2 miles of street.
OFFICERS— President. J. B. Stetson; Vice-President, A. Borel;
Secretary, W. E. Griffith; Treasurer, A. Borel & uo.; Supt., J. W. HarOffice, San Francisco, Cal.— V. 75, p. 238.
ris.
GEARY STREET PARK & OCEAN RROrganization— Incorporated November 8, 1878. Franchise expired In November, 1903, but a new franohise has been applied
for. Is now operating by permission of city, paying it 5% of gross
receipts. The election held in San Franoisco In 1903 to vote on the
proposition to Issue $700,000 bonds to construot and acquire a street
railway on Geary Street failed to receive too neoessary two-thirds vote,
as also did the proposition (voted on at a subsequent election) to take
over the road of this oompany.
—
—
.
STREET RAILWAYS.
Oct., 1904.]
&
STOCK
Date.
BONDS
Outstanding.
Interest.
X
Stk.,$l,0OO,OOO,<par$lOO)
\
%^$\£™'
Maturity.
\
See text
-
1891 5g^-0
$671,000 Oot. 1, 1921
ia*M
«i nnn nno gola
*ni<i .. \
1st M., $1,000,000,
{ Callforlli a s.D. ATr. O., San Fran., Trustee.
Bonds— $10,000 is payable Into a sinking fund annually after 1911.
'
for redemption of bonds.
Dividends— Payments are In 50 cents per share. In 1895, 6 dividends
Of 50 oents paid; In 1896, 5 dividends; in 1897, 3 dividends; in 1898,
6; in 1899, 6; in 1900, 6; in 1901, 5 dividends of 50o. and one of $1. In
1902, 5 dividends of 50c. In 1903, Feb., 50c; April, 50c; June, 50c
None sine* to Oot., 1904.
Road— Owns 4 miles of double-track cable road laid with 72-lb. rails.
OFFICERS— Pres., H. G. Piatt; Vice-Pres., A. v. Shepard; Sec, RichDerby; Treas., E. C. Wright. Office, San Francisoo.
OAKLAND & SAN JOSE
FRANCISCO
road.
Y-— To be a
RSAN
Incorporated in California on June
1902.
trolley
Organization—
same
controlled by the
STOCK
&
Bonds—
Stock, $5,000,000,
13,
Is
interests as the Oakland Transit Consolidated.
Date. Interest. Outstand'g. Maturity.
$100
1st mtge., $3,000,000 gold
o*
($1,000) s. f
f
I
1
$3,001,000
500,000 Jan.2,'33
Int. at Wells,Fargo & Co.'s Bank in San
Francisco and New York Union Trust
1903
5g. J-J
Co., San Francisco, Trustee.
constructed a road 10 miles (double track) in length
from a pier-head at Emeryville through Piedmont to Haywards.
Also expects to build from San Francisoo to San Jose, 50
miles, with a branch of 15 miles to Los Gatos, another of 15
miles to Saratoga, and a third to Santa Clara, 3 miles in length;
total, 93 miles. Boats are to be used to connect the road with San
Francisoo. From the Emeryville pier-head it is proposed to construct
an underground tunnel to the island of Yerba Buena (Goat Island).
OFFICERS— President, E. A. Heron; Vice-Pres., W. H. Martin; Secretary, S. J. Taylor; Treasurer, F. C. Havens; Manager, W. F. Kelly.
V. 74, p. 1309; V. 76, p. 49, 655.
\
Road— Has
UNITED RAILWAYS INVESTMENT CO. OF
SAN
FRaNCISCOORQANIZATION.—This company was incorporated under the laws of
the State of New Jersey on Feb. 17, 1902. Owns all the capital stock
of the United Railroads of San Francisco- except 9 shares required
to qualify directors. The United Railroads of San Francisco in turn
owns practically all the shares of the Marbet Street Ry., the Sutter St.
Ry., the Sutro RR. and the San Francisco & San Mateo Eleotrio Ry.
In Oct., 1902, both common and preferred stocks were listed on the
New York Stock Exchange. V. 75, p. 795.
Date. Interest. Outstand'g.
Last div.
STOCK—
Common, $10,000,000($100)
$10,000,000
e
I
P 1
15,000,000 Jly.,04,1^%
9bC$15^b%°0Sf$ l00 )1
Stock.— The preferred stooa can be retired at 110.
Dividends.— First dividend of 1^ p. c on pref. stock was paid Jan. 3,
1903; also 1^ p. o. July, 1903. In Jan., 1904, Ha p. c; July, i 3| p. o.
OFFICERS— President, Eugene Delano, New York; Vice Pres.,
W. Gerard Vermilye, Englewood, N. J.; Sec. and Treas., W. J.
Duane, New York.— V. 75, p. 343. 734. 795; V. 78, p. 1905, 2386.
^
UNITED RAILROADS OF SAN FRANCISCO.
—Trolley and cable.
Incorporated in California on Mar. 5, 1902, and through the instrumentality of the United Railways Investment Company of San Francisco had acquired up to Oct. 1, 1904, the following stocks:
Total
Shares
Par
Shares
issued
not
Value.
shares. Acquired.
Acquired.
Name of Company—
144-73
186,02527 .Market Street Railway Co
$100
186,170
.Sutter Street Railway Co
100
20,000
112
19,888
.Sutro Railroad Company
10
22,946
23,108
162
\ San Franoisoo & San Mateo >
nn
iW
10,000
10,000
Eleotrio Railway Company.
.
.
I
$
238,859-27
239,278
418-73
&
—
Common, $20,000,000
$20,000,000
20,000,000
A-O. 20,000,000
Pf.,4%oum.,$20,000,000
x-i.,%7oouin.,$zu,uuu,uw
April 1, 1927
8inkm K fund gold bonds $ IlD®°iL st *£ company's office, or in
New York,
$35,275,000($l,000)o*
Tj
on
Tri
Trust
San
Francisco,
Co.,
trustee.
£
t
a
By ,1S 1883 6g.J-J
Jan.l, 1913
3,000,000
M!| l?0b0 go!d
o^
Omnibus Cable Co.' ls'tM' 1888 6
2,000,000
Apr. 2, 1918
Park & Cliff House 1 st
1887 6 J -J
350,000
Jan. 1, 1913
Powell Street 1st M.„. 1887
700,000
Mar.1,1912
Park & Ocean 1st M... 1884 6 J -J
250,000
Jan. 1, 1914
Ferries & Cliff H. 1st
1889
Mar. 1,1914
650,000
Market Str. Ry. consol..
M. for $17,500,000 g. 1894 5g. M-S
5,141,000
Sept.1,1924
Interest is payable at Treasurer's office, San Francisco.
Sutter St. 1st M. gold) 1888
May 1, 1918
1,000,000
.
m
M
;
i
"
A-O
6M-S
6M-S
M
M
5M-N
($1,000)
S
Cal. Title, Ins.
& Tr. Co., San Fran., trustee.
Bonds.-Ot the $35,275,000 sinking fund gold
4s, $9,866,000 are reserved to retire underlying liens (the other $4,725,000 needed for
that purpose being provided by the operation of the sinking funds), and
$5,409,000 for extensions and improvements. A sinking fund equal
to 2 per cent of the entire gross earnings, but not less than
$100,000 a year, begins Jan 1, 1905. All the income above 5 per cent
on the common stock must also be applied as a sinking fund or for
improvements. These bonds were listed on the JX ew York Stock Exchange in March, 1903. V. 76, p. 1036. Prior lien bonds subject to
call : In addition to the $5,141,000 Market Street Ry. bonds reported
outstanding, $1,500,000 are held in treasury of the company. The
bonds of this issue are subject to call after Sept. 1, 1918; and Sutter
Street Ry. 1st mort. 5s are subject to call after May 1, 1908, at rate of
$50,000 per an., in numerical order beginning with bond number one.
1902.
1903.
Report— Years ending Deo. 31—
Gross earnings
$5,533,904
$6,243,219
Operating expenses and taxes
3,274,129
13,760,062
Net earnings
Other Income (net)
$2,483,157
12,366
$2,259,775
28,906
Total net income
Fixed charges:
$2,495,523
$2,288,681
Interest on
bonded debt
Sinking fand reserves
Preferred div. to Investment Co
Renewals and depreciation for 1903
"
"
" 1902
"
*$1,324,050
114,000
(24%)480,000 (l-2%)240,000
150,773
157,500
$1,524,050
124,000
Surplus
$59,200
* Inolud»s interest for one year on $13,091,000 underlying bonds
assumed and interest from April 1 to Dec. 31, 1902, on $20,000,000
sinking f«nd 4 p. o. gold bords.
1 1ncludes $96,546 oharged in monthly instalments for renewals.
585
Latest Earnings- For 8 mos. ending Aug. 31, 1904: Gross; $4,299,368, as against $4,039,380 In 1903.
ROAD.— Controls and operates 253-43 miles of track, composed of
eleotrio, 186*88 miles horse, 3*94 miles steam,
oable, 5451 miles
8-10 miles.
Franchises— Messrs. Haskins <fe Sells, in their report, state "that out
of the total original mileage of 228-95 miles, the franohices for 11-5431
miles only expire prior to 1929; all others between that year and 1952."
OFFICERS.— President, Arthur Holland; Vice-Pres., Chas. Holbrook;
Secy. <fe Comptroller, Geo. B. Wlllcutt; Treas., Geo. E.Starr; Gen. Mgr.;
G. F. Chapman.— V. 76, p. 160, 595, 917, 1032; V. 78, p. 1783.
;
;
;
PRESIDIO & FERRIES RAILROADORQANIZATION— Chartered Jan.
Made offer
1882.
6,
to sell road to
olty in 1903, but proposition declined by City Council.
Outstanding.
Date. Interest.
BONDS
STOCK
—
&
Stock (par, $100)
{
,,, tmnrf
vo^nnnn
1st
mort., $^50,000...
M&N
6
5
Maturity.
8
in. '}
^^aW
$85,000
See text.
1911
D. &Tr. Co., San Fran.. Trustee.
Earnings— For year ending Deo. 31, 1903: Net, over $45,000.
Road— Operates 11 ^ miles of road as follows: Cable, 7^ miles; horse,
2 miles; steam, 2 miles; total track, ll 1^ miles.
DIVIDENDS of 20 oents per share are paid monthly.
Officers— Pres., G. A. Newhall; Vice-Pres., H. M. A. Miller Sec>
J. Dutton. Office, oorner Union and
John B. Leighton; Treas.,
Sharp streets, San Francisoo.—V. 77, p. 37.
•,
California
S.
;
W
SAN
JOSE, CAL,.
SAN JOSECO.LOS GATOS INTERURBAN
RAILWAY
railway, which does
Owns and operates an
Organization-
electric
a passenger and freight business; 19 miles long, from San Jose,
through Saratoga, and Congress Springs to Los Gatos, in the Santa
Clara Valley. Is building a short line from San Jose to Los Gatos via
Campbells. The Germania Trust Co. (now merged in Commonwealth)
of St. Louis flnanoed the enterprise.
Date. Interest. Outstanding. Maturity.
BONDS
STOCK
$2,000,000
Stock, $2,000,000
500,000 May 21, 1923
5 M-N21
5 1903
i D + mort.,
™™+
«o
nnn
nnn
$2,000,000
1st
$ Commonwealth Tr. Co., St. L., Trustee.
OFFICERS— President, O. A. Hale, San Jose; Secretary, Thos. E. Rea;
Gen. Mgr., F. E. Chapln.— V. 76, p. 1409.
&
SAO PAULO, BRAZIL.
TRAMWAY
LIGHT &
THE
SAO
road.
LTD.- An
POWER CO-,PAULO
eleotrio
Organization— Incorporated in the Province of Ontario, Canada, in
1899, and owns an extensive system of electric roads and eleotric lighting and power business in Sao Paulo, Brazil.
Maturity.
Date.
Interest. Outstanding.
STOCK & BONDS—
$7,000,000 Oct., '04,2%
Stock, $7,000,000, $100
1900
5 g. J-D
5,000,000 June, 1929
1st mort., $6,000,000, >
c*s National Trust Co., Ltd., Toronto, Trustee.
at the Canadian Bank of Commerce in
London, England, and Toronto, Ont. No sinking fund; and bonds are
not subject to call.
Dividends—In 1902, 2»a p.o.; in 1903, 5% p. c; in 1904, Jan., 1*2 p.c;
Apr., 1*2 p. 0.; July, 2 p. c; Oct.. 2 p. o.
REPORT— For calendar year 1903 Gross, $1,303,175 net, $899,427;
charges, $286,884; bal., $612,543; dividends, $391,379; sur., $221,164.
Road—07 miles of traok, all in city of Sao Paulo, Brazil. 90 lb. girder
and 55 and 62-lb. T rail. Has franchise also to do a freight business.
OFFICERS— President, William Mackenzie Vice-President, Frederic
Nicholls; Sec and Treas., J. M. Smith; all of Toronto: A. Mackenzie,
Resident Vice-Prest. at Sao Paulo; Manager, Jas. Mitchell, Sao Paulo.
V. 78, p. 1499, 2331; V. 79, p. 270.
gold (|500)
Bonds—Interest is payable
:
;
;
—
The
entire share capital of the United Railroads of San Francisco
(with the exception of 9 shares of common to qualify directors) is held
by the United Railways Investment Co. of San Francisco. V. 74, p. 630.
Outstanding.
Date. Interest.
Maturity.
STOCK
BONDS
1
SAVANNAH,
GA.
ELECTRIC C O.- A
SAVANNAH
Georgia
Incorporated
Dec,
trolley system.
1901, as a consolidation of the City & Suburban Ry., the Savannah Thunderbolt
Isle of Hope Ry., Savannah <fe Isle of Hope Ry. and the Edison Eleotrio
Illuminating Co., comprising the entire street railway and eleotriolighting service of the city. Franchises for both street railways and
electric-lighting plant are perpetual. Bonds and stock were in July,
1902, listed on the Boston Stock Exchange.
Maturity.
Date. Interest. Outstand'g.
Stock
Bonds—
Organization—
in
in
&
Common, $2,500,000, $100
Pf.,$l,000,000,6%n. C$100
1st cons. M., $3,500,000,
)
1902
6 A-O
5 g. J-J
&
A
$2,500 000
1,000,000 Oot., '04, 3%
1,732,000 Jan. 1, 1952
Tr. Co., Boston, Trustee.
$1,000,000 July 1, 1947
gold ($1,000 & $500). .c* S Int. at Am. L.
Sav. Thun. & Isle of H. o**) 1897 4 our. J-J
1st M., g., ($1,000) $1,- > Central Trust Company, N. Y,, Trustee.
250,000
y
Bonds—Of theSavannah Eleotric Co. new mortgage, $1,000,000 are reserved to retire a like amount of bonds of the Savannah Thunderbolt <fe
Isle of Hope Ry. Bonds can be called as a whole at 110 and accrued int.
on any int. date. The company binds itself to apply at least $*0,000 per
annum .beginning 1906, towards improvements or extensions, or in the
purchase of bonds. The City * Suburban Ry. has outstanding $250,000
of 6 per cent bonds (a first mortgage for $200,000 and a seoond mortgage for $50,000), against which there has been deposited sufficient
security for the payment of the principal and interess on said bonds.
They are therefore omitted from the above table. The outstanding
$250,000 Edison Elec. Illuminating Co. 5 per cents of 1899 were called
for payment Apr. 1, 1904, at 105 and interest The remainder unissued
of the Sav. Elec bonds may be used for new construction and equipment at rate of $1,000 bond for $1,250 in cash spent. The mortgage
of the Savannah Thunderbolt & Isle of Hope Ry. is for $1,250,000,
but $250,000 of the bonds have been retired.
Stock..— The 6 p. c pref. stock is subject to call at 120 at any time
Earnings— Of the combined properties for the year ending Deo. 31.
1903:
Gross, $519,774; net, $212,075; fixed charges, $119,326; surplus, $92,749. Jan.l to July 31, 1904, gross, $305,108; net, $127,845.
Road— Operates 57-19 miles of traok in Savannah and vicinity.
Numerous extensions and new lines are proposed.
OFFICERS -President, Geo. J. Baldwin; Vice-President, H. G. Bradlee;
Treasurer, A. Stuart Pratt; Secretary, A. S. Minis; Assistant Secretary,
H. R. Hayes; Assistant Tieas., L. A. Bowers; Manager, L. R. Nash;
Gen. Mgrs. and Transfer Agents, Stone * Webster, Boston.-- V. 76,| p.
332; V. 78, p. 989.
SCHENECTADY,
N. Y.
road.
SCHENECTADY RAILWAY-A trolley
Stienectady Ry.
The General Electric Co. owns all the stock of the
Organization— Incorporated in N. Y. A reorganization on Feb. 11,
1895, of the Schenectady Street Ry. Co., which was chartered in 1886.
Controls the entire street railway and eleotric-light business In Sohenec-
STREET RAILWAYS.
1586
tady and suburbs. Owns all the stock of the Schenectady Illuminating
Co.. which Is deposited as additional security for the bonds of 1901; also
entire stock of the Mohawk Gas Co., deposited under consolidated
mortgage. Franchises unlimited. Has trackage rights over the United
Trac lion Oo.'s tracks into Albany and Troy. Franchises perpetual.
Stock authorized has been increased from $600,000 to $7,000,000.
for various purposes, as specified in V. 77, p. 1295.
Maturity
Outstand'g.
Date.
Interest.
STOCK
Bonds—
Btk. ($7,000,000), $100
$600,000
Sept.
1, 1941
2.0OO.000
,. tmnrt „ <tooooono( 1901
e $2,000,0 „"hnt. at Mercantile Trust Co. N. Y., Trusteee.
/«?nf?m
° f|Mavbered.on<feafterSeptl.l911.atllOAint.
( * 1,UUU1
May 1, 1953
1,000,000
6- M-N
Tons mort $7 ^OO 000 < 1903
u s Mortgage A Tr*st Co., N. Y., trustee.
gold ($1,000)
o £
nam, & Co.. N. Y.
Int & prl ,,f at N>
r Bonds— $2,000,000 consols are reserved to retire the first mort. bonds
and $4,500,000 are reserved for extensions at 75 p c. of cost when net
earnings are double interest charges, including interest on bonds to be
issued. A sinking fund of 1 p. c. of bondg outstanding (including the
first mortgage bonds) commences in 20 years, to be used to retire
either issue of bonds.
CEarninqs— For year ending Feb 29, 1904: Gross, $1,036,305; net,
$344,333; interest, $135,000; surplus, $209,333.
ROAD—Tftal track about 102 miles, Including extension to Al
bany of 12 miles (double track), completed in Sept., 1901, and
line to Troy 12 miles double track completed In Not,, 1902; alee
Including extension to Ballston (double track), opened for traffic June
30, 190t; 70, 75 and 78 lb. T and girder rail. Operates 132 motor and
36 other cars.
»"
OFFICERS— Prest,, Hlnsdlll Parsons; Man., E. F. Peck; Seo.-Treas.,
J as. O. Carr, all of Schenectady.- V. 79, p. 152.
&
^«-M8
"
Zwrnnnnr
'
^
^
-
w
-
.
SCRANTON, PA.
LACKAWANNA
RAPID TRANSIT-A& WYOMING- VALLEY
third-rail road.
In December, 1903. control of the road was bought by the Westingoou«e Elect. & Mfg. Co. for about $6,000,000. The object of the pur
chase 1s to use the read for demonstrating several operating devices
and utility of eleotrlc roads for carrying freight, fee V. 79, p. 627.
^Organization— Incorporated under the General Laws of New Jersey
In Oct., 1900. Owns all of the securities of the Lackawanna A Wyoming Valley RR.. the Pcranton * Northeastern RR., the Central Valley
RK. and the Wllkesbarre RR. and operates them under leases. The
Lackawanna & Wyoming Valley RR. is the operating company.
Maturity.
Date.
Interest. Outstanding.
§: STOCK and Bonds—
tock, $6,500 000 ($100)
$6,500,000
Col. trust mtge. $1,000), ) 1901
6.&00.000 Aug. 1, 1951
5 g. F-A
gold, $10,000,000
Int. at Standard Trust to., N. Y., Trustee.
S
"^Road— Scranton to Pittston. 12 miles, opened May 16, 1903;
Soranton to Wllkesbarre, VO miles, opened Deo. 16, 1903; Soranton to
Carboudale, 17 milet, now under constru tion. Total. 49 miles.
Double traak, laid with OO-l'i. rail. Standard steam construction;
private right ft way. A standard -g^ute tunnel, about 5,00o feet lotig,
is under construction in Scranton, to be completed Oct. 1. 1905. This
will remove the only heavy grade on line between Scranton and
Wllkesbarre.
Officers— President, Geo. C. Smith, Pittsburgh; Vice-Pres's, L. A.
Watres, Scranton: hos. B Simpson, Oil City; E. A.Hancock, PhiladelShla; Secretary, Dudley Phe'ps, New York; Treasurer, Carl M. Vail,
ew York.— V. 73, p. 184; V. 78, p. 48, 2012; V. 7 9, p 627.
i
V
SCRANTON
RAILWAY-A trolleytheroad.
On Jan. 1897, assumed
assets and
Organization—
all
1,
liabili-
the Scranton Traction Co., etc— V. 63, p. 1064 V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Pittston
A Scranton St. Ry. and the Lackawanna Valley Traction Co. and practically all of the stock of the Scranton A Pittston Traction and the
Scranton A Carbondale Traction; also the entire issue of the new Carbondale Ry. mortgage ($300,000).
Maturity.
E*STOCK
BONDS— Par. Date. Interest. Outstand'g.
Com., ($«,500,000).. $50
$2,000,000
Pref., 5 p. c. cum., )
«» A
M-S
1,500,000 Sept.'04,2i«%
* i>u
$1,500,000.
)
Scranton Trao. 1st
1,000 1892 6g.M-N 1,000,000
Nov. 1, 1932
|_M..
$1,000,000,
Interest! at E. W. Clark A Co., Philadelphia.
gold.no option.
Scran. Pas. Ry.lstM.1,000 1890 6 M-N
100,000
May 1, 1920
Scranton Sub. 1st > 500*0 1890 6g.M-N
200.000
May, 1909
M.,K.,gu.,p.Al.c*5 Farmers' L. AT. Co., N. Y., Trustee.
Peop'sSt.Ry.lstM.g.l.OOO 1888 6g. F-A
200,000
Aug. 1, 1918
Do
gen. M., gold .... 1891 6g. J-D
100,000
Dec. 1, 1921
Scranton Tty.M., $2,500,-) 1897 5g. J-J
900,000
Nov. 1, 1932
4
000, gold ($1,000) ..c 5 New York Sec A Trust, N. Y. City, trustee.
Scranton Ry. gold col. ) 1900 5g. J-J
$500,000
Nov. 1, 1932
trust #500,000 ($1,000, > Prov. Life A Trust ro., Phila., trustee.
0*
)Int. (x) at office in Soranton, or ag'cy. Phila.
T $500)
**}x Free of United 8tates and Pennsylvania State taxes.
jt Bonds- Of the $2,500,000 Soranton Ry. mortgage 5s of 1897, $1,600.
•00 are reserved to retire prior bonds at maturity. The collateral trust
bonds can be called at any time at 105 and Interest on 30 days'
notice; furthermore, the right is reserved to call in and exchange the
bonds at anytime before maturity for bonds bearing the same rate of
Interest "which may be issued by a consolidated street railway company controlling by consolidation or lease the street railway lines
represented by the securities pledged." The securities pledged consist of all the stock ($450,O< 0) and the entire issue ($3Oo,0O0) of the
Carbondale Hallway Co. mortgage of 190« also $498,700 out of the
$500,O<o stock of the Scranton A Carbondale Traction Co.; $943,775
•ut of the $976,125 stock of the Scranton A Pltuton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
mvtd'ndH.— The first div. ou pref. (412^ cents per share, being at the
rate of 5 per cent per annum, for the two months) was paid March 1,
1904, and 2 * per cent was paid on sept. 1, 1904.
Road— Owns and operates all the street roads in and around city of
Soranton, having an aggregate mileage as follows
Owned
Miles. Lackawanna Val. Trao
3 94
8cranton Railway
4167 Carbondale Railway
16 06
Leased—
Miles. Pittston A Scranton St. Ry.
222
Scranton A Pittston
1251
Scranton A Carbondale
4 94
81-34
Total system
Report—The following covers the operations of all lines controlled.
Trs. to Dec. 31— Gross
Net.
Fixed rharges.
Bat., 8ur.
ties of
;
&
.
;
1
—
-
1903
$?58.022
$827,778
$237,430
sur.$120,->92
1902
549,407
150,856
229,786
*def. 78,930
f 25,076
1901
150,642
215,417
*def.64,775
* During 1901 and 1902 the oompany suffered from two strikes of
Its employees, and also from the anthracite coal strike.
During strikes
of its employees the company had practically no receipts.
f Latest Earnings—
Jan.
Aug. 31
—
Fixed Charges. Bal.. sur.
1904
$247,295
$570,366
$147,093
*100,'202
1903
540,954
232,781
158,287
74,494
OFFICERS— President. C. M. Clark; Vice-President, E. W. Clark Jr.,
Seo'y and Treas.,C. Ford Stevens, Bullitt Building, Phila.; Gen. Men.,
Frank SlUiman, Jr., Scranton. Pa.— V. 73, p. 1265; V. 78, p. 49, 989.
1 lo
Oross.
Net.
( 1 )
[Vol. lxxix.
CARBONDALE RAILWAY-A trolley road.
is the old Carbondale Traction Co., which was sold at foreclosure In 1900. The Scranton Railway Co. owns all the stock of the
Carbondale Railway, also the $300,000 5 p. o. gold bonds, due June
Road is leased to Scranton Railway.
1, 1926.
Date. Interest. Chitstand'g. Maturity.
Stock
Bonds—
This
&
Stock auth., $450,000) ($50)..
$450,000
1st M., Carbondale Traction' 1892 6gJ-J
150,000 July 1, 1922
Co., c* A r ($150,000), gold Interest at Central Trust Co., New
($500 A $1,000)
Carbondale R'way, 1st mort- 1900 5«.J-D
300,000 June 1,1926
gage, $300,000, gold, regis- Int. at E.
Clark A Co., Philadelphia.
tered
)Geo. L. Estabrook, Phila., Trustee.
Bonds— First mortgage of Carbondale Traction, due 1922, has a
sinking fund of $2,500 per annum after July 1, 1895, but bonds cannot be called. The rew bonds due 1926 have no sinking fund, but can be
called at any time at 105 and accrued interest upon 10 days' notice.
Road System includes 16-06 miles of road.beginning at Forest City,
Pa., and running through Vaudling, Richmondale, Wilson Creek.
Simpson, Carbondale, Maytield, Jermyn, Archbald to Peokvtlle, where
It connects with Scranton lines.— V. 69, p. 1061; V. 70, p. 75.
I
!
'
W
—
(2)
SCRANTON A CARBONDALE TRACTIO S—A trolley road.
Organization— 8cranton Railway Co. leases this company for fifty
years and operates the road and furnishes the power. Earnings are
now Included in Soranton Railway report.
STOCK db BONDS— Miles. Date. Interest.
Outstand'g.
Maturity.
Stock
$500,000
IstM., $1,000,000, g.,) 5
1893 6 g. J - J
150,000 Jan. 1, 1923
$1 ,000
Interest at E. W. Clark A Co., Philadelphia.
o* >
Free of State tax.
)
Bonds lor $100,000 are reserved for power plant, if required, and
$750,000 for purchase of other railroads and new property.
ROAD Owns road extending from 8cranton to Archbald, Pa., about
5 miles oonnects with Carbondale Railway to Carbondale,
—
;
(3)
SCRANTON A PITTSTON TRACTION.—A
Organization— Chartered
Sept. 8, 1893,
trolley road.
and on
Oct. 5, 1893, leased
50 years to Scranton Railway Company; has since been
purchased by the Scranton Railway Company. The Pittston
for
Company owns
the entire capital stock of the Lackawanna Street
A Avoca Street Railway, and a
majority of the capital stock of the Pittston Suburban Passenger
Railway, operating their properties under lease.
Maturity.
STOCK
Bonds— Miles. Date. Interest. Outstand'g
Stock (par $100)
$976,125
Mort. $525,000, g., ( 15
*355,500 Oct. 1,1923
1893 6g. A-O
$1,000 A $500 o* ^ Interest (x) at Union Trust (Trustee), Phila. Nos.
gu. by Scran. Tr. (
1 to 400 $1,000 each and Nos. 401 to 650 $»00.
x Both principal and interest are payable free from all United Statea
and State of Pennsylvania taxes.
* Of the bonds outstanding $295,500 are guar, by the Soranton Ry.
Road— Owns 12*2 miles of track, uniting Scranton with Greenwood,
Moosio, Taylorville, Avoca, Pittston and Readham
Earnings— Earnings are now included In Soranton Ry.
Railway and the Pittston Jenkins
&
RY—
(*) PITTSTON A SCRANTON STREET
A trolley road. Operated by the Soranton Ry., and earnings included In report of that co.
(6) LACKAWANNA VALLEY TRACTION CO.— A trolley road. Operated by Scranton Ry., and earnings included in report of that oompany.
SEATTLE, WASH.
THE SEATTLE ELECTRIC CO.-(A
trolley road).
This company, which was incorporated in the State of Washington
on January 3, 1900, is a consolidation of nearly all the street railways
(all except one small road) and eleotric-llght interests in and around
the City of Seattle. In 1900 was granted a 35-year franchise over all Its
lines, but must sell 25 tickets for one dollar. In February, 1901, the
1st mtge. bonds were listed on the Boston Stock Exchange. In April,
1903. preferred stock was Increased from $3,000,000 to «5,0()0,000
$1,600,000 being offered to sharehoders at par. V.76,p.658. Guarantees the Seattle Railway Co. bonds, principal and Interest. The following companies have been acquired:
Third St. A Suburban Ry. Co.
Seattle 'fraction Co
West St. A North End Electric Ry. Union Eleotrio Co.
Kurke Block Lighting Plant.
Madison St. Cable Ry. Co.
First Ave. Cable Ry.
Union Trunk Line.
Grant St. Electric Ry.
Consumers' Electric Co.
James Street Construction Co.
Green Lake Electrlo Ry.
The Seattle Railway Co.
North Seattle Cable Ry.
Seattle Central Ry. Co.
Seattle Steam Heat A Power Co.
Date. Interest. Outstanding. Maturity.
Bonds—
Stock
$5,000,000
Sfk, $5,000,000 com. ($100)
Stock, $5,000,000, pref. 6 )
A-O
4,600,000 Oct.,'04,3%
per cent non-cum ($100) s
5g F-A 5,000,000 Feb. 1,1930
1st M. S5.000.000, gOld..O* \ 1900
\ Int. at Boston Safe Dep. A Tr. Co., Trustee.
($1,000)
$600.000
Notes payable Sept., 1904
Bonds— The mortgages on most of the consolidated oompantes have
been discharged, and companies turned over to the Seattle Electrlo
Co. outright; the others are operated by the Electrlo Co. as owner of
praotically all of the stock and bonds. Sinking fund—1 p. o. of the
entire amount of bonds outstanding Is payable yearly. Bonds can be
called as a whole on any interest date at 110 and interest.
Stock - Pref erred stock Is redeemable at 120.
Dividends— Virst div. of 1^ p. o. on pref. stock was paid April, 1901.
Dividends changed to half-yearly, and 3 per cent paid Oct. 1, 1901; in
1902, 6 p. c; in 1903, 6 p. o. In 1904, April, 3 p. c; Oct., 3 p. c.
Road— Operates 95-20 miles of track. Numerous extensions proposed.
Report.— For year ending Deo. 31:
Surplus.
Orons.
Charges.
Net.
tear—
$2X0.374
$318,447
$598,8U
1903
$2,096,725
267,112
2s7,611
1,878,100
554,723
1902
Latent Earnings— Jan. 1 to July 31
•
Surplus.
Gross.
Charges.
Net.
$244,495
$413,134
$168,«39
$1,320,002
1904
157,391
173.075
1,174,388
330.466
1903
OFFICERS— Pres., Jacob Furth; Vice-Pres., Henry B. Sawyer; Treas.,
A. Stuart Pratt; Ass't Treas., F. Dabney; See, Geo. Donworth; Ass't
Sec, H. R. Hayes; Gen. Mgr., Howard F. Grant; Gen. M'g'rs and Tran.
Ag'ts., Stone A Webster, Bost., Mass.— V. 77, p. 251, 401, 452, 2160.
&
(
I
)
8EATTLE RAILWAY CO.—A cable road.
Organization—This was the Seattle City Ry., whloh, together with
Leschi Park, was purchased at foreclosure on Sept. 21, 1901. In
Oct., 1901, was re-incorporated in Washington under the above title.
Maturity.
Outstanding.
Interest.
Date.
STOCK & BONDS—
8tock, $500,000 ($100)
1st M., $->00,000, gold,
($1,000) o.\guar.pAi.
<
1901
(
Int. at
5g.
M-N
$500,000
500.000
Nov.
1,
1921
BostonSafeDep.ATr
Co.. Bost., trustee.
certified; bonds can be
Bonds— linking fund is one per cent of bonds
called as a whole at 110 and interest on two weeks' notice.
ROAD— Owns about 5 miles of cable road In Seattle, known as the
Yesler Avenue and Jackson Street lines. V. 73, p. 1062.
STREET RAILWAYS
Oct., 1904.]
(2)
PUGET 80UND POWER CO.—
Organization.— Incorporate d In Washington anl is successor to the
Pierce County Improvement Co.
Date. Interest. Ont<"a*>d'a.
Maturity.
Stock &, Bonds—
$1,000,000
Stook, $3.O00,i 00 ($100)
3.000,00> June 1, 1933
1st mortgage, $4,000,000, ) 1903 5 g. J-D
gold (£1,000), guar...o* s Int. at Old ColonyTr.Co., Boston.Trustee.
Bonds.- $1,000,000 are reserved for additions and improvements
at 80 p. o. of cost. Both principal and interest, as well as sinking fund
payments, are guaranteed by the Seattle Eleotrio Co. A sinking fu*d
of 1 p. c. per annum of bonds outst*nding commences March I, 1906,
which is to be Invested in the bonds at not more than 110 and interest. I) bonds o*nnot oe bought at that price, they may be drawn by
lot for redemption. Entire Issue is subjeot to call on any Interest
date upon 70 days' notice at 110 and Interest.
PLANT.— Operates a power plant at Election, in Pierce County, on
the Puyallup River.
Officers.— President, John W. Hallowell; Vloe-Pros., A. G. Avery
Secretary, H. Y. Nutter; Treasurer, W. A. Carter.— V. 77, p. 454.
SEATTLE RENTON & SOUTH.
;
RY.-Trolley.
Feb., 1903, to the Seattle <te Ronton Ry.,
which latter in 1899 purchased the road and franchises of Seattle
Rainier Beach Ry., formerly the Rainier Ave. El. Ry. foreclosed. The
Seattle <fe Rainier Beaoh, however, maintains its corporate existence.
Date.
Interest. Outstand'g. Maturity.
Stock
Bonds—
Organization—Sucoessor in
Common
&
&
$1.000,000
$1,000,000
250,000
mtge,) 1899
5 J-D
105,000 June 1,1914
$150,000
$ State St. Trust Co., Boston, Trustee.
Seattle Ronton & So.mtge. ) 1903 5g. F Ai&
$50,000
Feb.15,'33
($1,000)
c 5 Int. at Merchants' Loan & Tr., Chlc.Trus.
Bonds— Of the new mortgage of 1903, no given amount is authorized;
$20,000 per mile of single or $40,000 per mile of double track may be
issued, but only when net earnings are double interest charges; $105,000 are reserved to retire a like amount of Seattle & Ronton bonds. A
sinking fund of 2^ p. c. per annum of outstanding bonds becomes
operative on Aug. 15, 1905.
Road— 15'75 miles of track, from Seattle via Columbia City and Dun
lap to Renton. Rails, 30-56 lb. T and girder. Franchise ruus till 1915"
OFFICERS.— President and Gen. Mgr., F. H. Osgood; Vice-Prest., H
Chapin; Secretary, W. A. Peters.— V. 76, p. 543.
Pref. $250,000
Sea. & Ronton 1st
.
PUGET SOUND ELECTRIC
RY-- Third-rail and
trolley.
Organization.— Incorporated In New Jersey on Deo. 5, 1902, and
acquired the Seattle-Tacoma Interurban Ry. and a controlling interest
in the Taooma Ry. & Power Co.
Date.
Interest.
Outstanding.
Stock
Maturity
Bonds—
Pref.. 6 p c, noncum.,)
*„„,, nnrt
T -JT
$b^5,000
J
"•
$1,000,000 ($100)
<
Com., $3,5 00,000 ($100)
J-J
3,276.100
1st cons. M., $5,500,-) 1903
5 g. F.-A.
2,820,000 Feb. 1, 1932
000, gold
c&r S Interest at City Trust Co., Boston, Trustee.
T O
r
y *g& O
1899 5 *• A '-°Apr. 1. 1929
1.310,000
l 8tM
($^ 000 ) $1-')
500
500,000
000notreaeemL
not redeema- Merest at Old Colony Trust Co., Boston,
Trn8tee.
ble before mat
&
.
c*
Bonds— Ot
retire a like
J
new $5,500,000 mortgage, $1,310,000 are reserved to
amount of Tacoma Ry. & Power Co. bonds. The new
the
bonds are subject to call as a whole on any interest date at 110. A
sinking fund of 1 per cent of bonds certified begins January 1, 1907.
Preferred slock is redeemable at 120.
Earnings— For calendar year 19H3, gross, $441,466; net, $155,886;
proportion of earnings of Tacoma
charges, $133,860; surplus, $58,670.
Ry & Power Co.,
$36,644; fixed
Road— Operates a third-rail interurban line of 51 88 m. from Seattle
to Taooma, with a branch to Ronton; of which 4 292 miles is owned.
OFFICERS— President, Jacob Furth; Vice-Pros., Charles D Wiman;
Treasurer, Guy E. Tripp; Secretary, H. R. Hayes; Gen'l Managers &
Transfer Agsnts, Stone & Websier, Boston.— V. 76, p. 811, 920.
#
sedalia, mo.
RAILWAY
ELECTRIC CO- OF SEDALIA-&
The United Water, Gas & Electrio Oo. of 8edalia, Mo., was recently
organized, with $1,000,000 authorized stock, to unite this road and
the water, gas and electrio companies of Sedalia.
Organization.— Incorporated in Missouri in May, 1901, and is a reorganization if the Sedalia Ry. & Eleo. Co., sold under foreclosure in
March, 1901.
Date.
Interest. Outstand'g.
STOCK
Bonds—
Maturity.
Common, $1< 000 ($100)
$100,000
..
. . ..
&
Pref., $100,000 ($1 0)
Is* mortgage, $125,000,
100,000
) 1903
5 g. J-J
125.000
July 1, 1918
gold $1,000)
cilBt, at Sedalia Trust Co., Trustee.
Bonds. No sinking fund, but bonds are subject to call after 5 years.
ROAD.— Operates 6^ miles of track in Sedalia.
OFF1CER8.— Hres. D. H. Smith; Vice-Pres., W. B. Broomal; Sec. and
Treas., Wm. H. Powell; Supt. and Mgr., R. B. Hammer.— V.78, p. 2390.
SHAMOKIN, PA.
MT. CARMEL ELEC
ORGANIZATION—Chartered
1892.
SHAMOKIN &
& BONDS—
Stock, common
STOCK
Date.
Outstanding.
Interest.
Maturity
$500,000
200,000 Aug 20,'03,2%
Bonds
1893
6 J-D
302,000 Dec. 1, 1923
Road— Shamokln to Logsville, Green Ridge, Mt. Carmel, Cunningham and Centralia, 2025 miles of traok; operates 23 cars.
Earnings— For fiscal year ending June 30:
Tear.
Gross.
Xet.
Tares dint. Rental, Ac.
Balance
1903
$62,726
$29,958
$13,022
$5,995 sur.$10,941
1902
71,479
37,692
12,169
38,572
def.13.049
Officers— President, G. M. Smith, Mount Carmel, Pa.; Vice-President, D. Rebstock, Lebanon, Pa.; Secretarv. N. S. Snavely, Lancaster
($50)
Stock, pref. ($50)
Junction, Pa.; Treasurer, C. Smith. Annville, Pa.
SHARON, PA.
YOUNGSTOWNSHARON RY.
Trolley.
& L-T co.-
Organization.— Incorporated in New Jersey onDec.5, 1900, for the
purpose of construction, operation, ownership and control of street
railways, gas, water and electric properties. From a central power
station at Youngstown distributes electricity in Younestown, Girard,
Struthers, Lowellsville and Hubbard. Ohio; and Sharon, Sharpsvllle,
8outh Sharon and Wheatland, Pa.; also has three rotary sub-stations
situated In Youngstown, Ohio, and in Sharon and New Bedford, Pa.
STOCK
Date.
Interest.
BONDS—
Outstand'g.
Maturity.
Stock, $2,500,000 ($100)
$2,500,000
1st mtge. $2,500,000) 1900
5 g. J J
2,500,000
Jan. 1,' 1931
($1,000) gold, s. f ..c* 5 Int. at N. Y. Sec. & Tr. Co.. N. Y., Trustee.
2d M., ino.,$ 1,000,000) 1901
5 g. Mar.
500,000 Mar. 1. 1927
gold ($1,000)
ojlnt.. atN. Y. Sec.
Tr. Co., N. Y.. Trustee
&
&
Bonds— First mortgage bonds can be called at 115 and accrued Interany interest date. They are a first Hen on all the properties of
est on
the company, including substantially all of the capital stook of the
Sharon <s New Castle Railways Co. and substantially all of the capital
slock and bonds of the Sharon Gas
Water Co., the Sharon & Wheatland St. Ry., Sharpville Electrio Light Co., the Shenango Valley Electrio Light Co., the Youngstown & Sharon Street Ry. Co., the Youngstown Consolidated Gas <fe Electric Co.. the Valley Street Ry Co. and
all the bonds of Merchants' Light, Heat <fe Power Co. and the Shenango Valley Street Ry. Co. The second mortgage incomes are a seoond lien on the same properties, and may be called at par and ao-
&
crued interest on any interest date.
Sinking Fund— Commencing 1906 1 p. c. is payable annually for
ten years, after that IHi p. o. per annum for first mortgage bonds.
Report— 1903, gross, $511,814; net (after taxes on operated properties) $210 298; charges, etc., $185,203; surplus, $;5,095.
Road— Owns and operates (including New Castle system) 40 miles of
railway, comprising the entire electrio railway system of Sharon,
Sharpsvllle, South Sharon and Wheatland, Pa.; also connects Sharon,
Pa., with Hubbard and Youngstown, Ohio, and also conneots botn
Bharon, Pa., and Youngstown, Ohio, with New Castle by a line running
to New Castle from Hubbard, O. Rails 70-lb. T and 90-lb. girder. Operates 45 cars. Population served, 120,000.
OFFICERS—Pros., Randall Montgomery, Youngstown, O.; V. Pres.,E.
N. Sanderson; Sec. Leighton Calkins; Treas., Alex. 8. Webb Jr., all of
N. Y.-V. 78, p. 699.
(1)
SHARON & NEW CASTLE RYS.- A trolley road.
in New Jersey on June 8, 1901, for th«
control of elecpurpose of construction, ownership, operation
trical, steam or other power railways lor the transportation of passengers, mail, express, merchandise, or other freight anywhere in th«
U. S. or in foreign countries, and also the construction, ownership
operation and oonrrol of electrical, gas, water, light, heat and other
power companies. The entire oapital stock is owned by the Youngstown-Sharon Ry. & Lt. Co., which guarantees the bonds, prin. and int.
Date.
Interest.
Outstanding.
Maturity.
STOCK & BONDS—
$500,000'
Stock, $500,000 ($100)
1st mtge. $500,000. g.,) 1901
5 g. J-J
July 1, 1931
500,000
($1,000)8 f.,gu.p.&i.o* S Int.atN.Y. Security & Trust Co., N.Y., trustee.
Bonds— Mtg. is a first lien on all the properties of the company, including substantially all the stock of the Sharon & New Castle St. Ry.,
a Pennsylvania corporation, and substantially all the capital stock of
the Sharon & New Castle Ry. Co., an Ohio corporation; also all the
bonds of said two companies. The bonds are subject to call at 115 and
ORGANIZATION— Incorporated
interest at
ad
any interest period.
extending from New Castle to Hub
bard, Ohio, over private right of way. where connection is made with
the Youngstown-Sharon system; 70-lb. T and 90-lb. girder rail.
OFFICERS— President, E. N. Sanderson, New York; Secretary, Leighton Calkins; Treasurer, James E. Keeler.— V. 7d, p. 288, 1012.
Road— About 20 miles of track,
SHEBOYGAN, WIS.
& RYSHEBOYGAN LIGHT POWER
Wisconsin.
railway
Street
Organization, ETC-— Incorporated in
franchise in Sheboygan, perpetual and exclusive until Sept., 1910.
Electric light franchise p rpetual.
Interest.
Outstanding.
Maturity.
STOCK
BONDS— Date.
$375,00>
Stock, $750,000
4 00,000
April 1, 1926
5 g. A-O
1st mtge., $400,000 1 1896
Interest at Meroantlle Trust Co., N.Y., Trustee.
($1,000), gold..
5
5 g. J-J
$500,000 July 1, 1933
1st cons. M., $2,500,- ) 1903
000 gold ($1,000).. 5 Int. at Mercantile Trust Co., N. Y., Trustee.
Bonds—Of the first first 5s of 1896, *10,000 may be redeemed yearly
by lot at 1 05 up to $100,000, but requirement not compulsory. New
niort. for $2,500,000, subject to call at 105 at any time.
EARNINGS— For year 1903, gross, $113,471; in 1902, gross, $87,724.
ROAD-Operates 2603 miles of trick In Sheboygan, including a lin*
&
to
Standard-gauge
Plymouth.
60
lb.
T
rail.
2i oars.
F. Karste; Vice-Pres .F. A. C. Perrine; Gen.
Treas.. H. A. Strauss.— V. 76, p. 920. 973; V. 77, p. 629.
OFFICERS— Pres.,
Mgr.
<fe
SIOUX CITY, IOWA.
THE SIOUX CITY TRACTION-A
trolley road.
Etc— Chartered
May, 1895, to succeed the Sioux
City St. Ry., sold in foreclosure. Franchises run for 50 years from 1889.
On May 15, 1899, absorbed all the other 8ioux City lines, and now
owns and operates 42 miles of road, including the elevated (Sioux
Organization,
in
City Transit), the Central Traction, the Riverside Park, the Sioux City
& Leeds Electrio and the South Sioux City Traction Co.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
Stock, $1,200,000 ($100)
$1,200,000
July 1, 1919
750,000
5 g. J-J
<?old)l 899
1st
<B750 000 g
„* £lnt- at Bank of Montreal, Chicago, or New
<«i n'ftrt?
&
M
'
o
(ifri.ooo)
^
York) trustee.
miles of traok. Cars, 81, of which 61 motors.
Officers-—President, Samuel McRoberts: Secretary and Treasurer,
J. F. Millett; Gen. Mgr., E. L. Kirk.— V. 75, p. 849.
Road—Operates 42
RY--
Oct. 18,
1587
SOUTH BEND,
IND.
INDIANA RAILWAY.-A trolley road.
Organization— On March 15, 1899, was organized by the consolidation of the South Bend St. Ry., the Indiana Electric Ry., the General
Power & Quick Transit Co., the South Bend & Elkhart Ry. and the
Elkhart Goshen
Southern Ry.; franchise perpetual in Mishawaka,
Goshen and South Bend; in Elkhart expires In 1926. Operates local
electric lines in above cities and interurban line joiningthem.
Date. Interest.
Outstand'g
Maturity.
Stock and Bond
8tock, $1,000,000....
$1,000,000
&
—
lstmort., $1,000,000,? 1900 5g.,J-J
Girard Trust
900,000
Jan. 1, 1930
Co. (Phila.), trustee. Int. at
o*C Standard Trust Co.,
N. Y.
Sinking fund of $1 0,000 per annum begins January 1, 1905, bonds
to be bought in open market
ROAD—Length of track, 50 miles. Gauge, 4 ft. 8^ in.; 70-lb. T-rail.
Owns 71 cars and 3 power stations.
g.
($1,000)
OFFICERS— President, Arthur Kennedy, Pittsburgh, Pa.: Vice-Pres.
and Gen. M'g'r, .1. MoM. Smith, South Bend, Tnd.; Sec, M. P. Reed;
Treas., J. B. McCance, South Bend, Ind. General office. South Bend,
Ind.—V. 61, p. «25; V. 68, p. 671; V. 77, p. 402.
SOUTH
BEND & SOUTHERN MICHIGAN
trolley load.
RY-i
in Mich, and Indiana Sept. 15, 1902.
Maturity.
Date, interest. Outstand'g.
Organization.— Incorporated
STOCK
&
BONDS—
$750,000
Stock, t750,000 ($50)
25j,000
Oct. 1, 1927
1st m< rtg»ge, $750,000, > 1902 5 g. A-O
gold ($l,00o), gu., p.&t.o* 5 Int. at North Am. Sav.Co., Pitc^bgh., Trus.
Bonds. -$500,000 are reserved for extensions. A sinking fund of
5,000 per annum commences Jan. 1, 1906. Are not subject to call.
[Vol.
STREET RAILWAYS.
and
ROAD.— Operates 11 miles of track between South Bend,
SPRINGFIELD, MASS.
from Nilee to St Joseph, 23
Mich. A
proposed.
1588
lxxix.
Ind.,
line
gauge, 70-lb.
Niles,
Standard
T rail.
OFFICERS.— Pres., M. P. Reed, South Bend: 8ec.& Treas., F.W. Bueltzin^slowen, 8outh Bend; Gen. Man., J.Mc M.Smith, South Bend; Auditor, R. L. MoCauoe, 1406 Arrott Bldg., Pittsburgh.— V. 77, p. 402.
SOUTH MCALESTER,
$212,500
June 1,1928
1903 5g. J.-D.
191,000
1st mortgage, $450,000
Int. at Colonial Tr. & Sav. Bk., Chicago, and
($1,000
$500), g...cj
Chic, Trustee.
&
.Merchants' Loan & Trust Co.,
Bonds.—There is a sinking fund of 3 p. c. per an. of bonds outstanding, but bonds are no't subject to call. Bonds are issuable at rate of
$22,500 per mile of single-track road.
Road— To run from So. McAlester to Hartshorne, Indian Ter., 20
miles, of which 8*2 completed; rest expected to be completed about
Dec. 1, 1901. Standard gauge rail 60 lb steel T
Officers.— Prest., Lawrence P. Boyle; 1st V. P., L. W. Bryan; 2d
V. P., A. W. Underwood; Sec'y, M. M. Lindley; Treas., A. N. Thomas.
—V. 76, p. 2334.
;
,
SPENCER, MASS.
'WARREN BROOKFIELD & SPENCER
1868.
Outstanding.
Maturity.
8tock $1,958,400 ($100)
Text.
$1,958,400
Text.
New 1st M.,$l,500,000 > 1903
4 g.
April, 1923
1 ,400,000
gold ($1,000)
Trust Co., trustee.
c* S Springfield Safe Dep.
B d
U
C
Ca
"
4
A
100
1895
000 April 1, 1910
aft Apr li\ 900). !!S
STOCK
Stock, $150,000 ($100)
1st M., g., $125,000, s. f.
aft. Nov. 1,'99 ($l,000)c.
<
}
Interest.
1896
5g.
Int. at Int'l
Date.
5,
Interest.
-
1901-2,
1902-3.
Gross earn'gs
Trust Co., Boston, Trustee.
Loans and notes payable Aug. 31, 1904
$54,900
Sinking fund is $2,000 annually on and after Nov. 1, 1899. On May
31, 1904, amounted to $8,426. Bonds cannot be called, but purchaseable at market.
Road— 20 miles connecting Warren, Brookfleld, North Brookfield,
Spencer, etc.
EARNINGS—Year ending Sept. 30, 1903, gross, $66,415; net, $20,934;
charges, $15,790; surplus, $5,144.
Officers— President, A. B. Bruce, Lawrence; Secretary and Treasurer, Augustus Nickerson, Boston.
1902-3.
1901-2.
$
$
Divs.pd. (8%) ..156,672
156,672
Net
Bal.foryear.def.45,865 sur.5,268
Taxes, etc
Total surplus
Interest
Sept.30
197,476 *257,091
*After charging off $150,000 for depreciation.
OFFICERS— Pres., John Olmsted; Supt., George W. Cook; Clerk, Jonathan Barnes; Treas., Frederick Harris.—V. 77, p. 629.
915,876 844,665
241,450 250,028
> ,,
n ra^
88,088
£130,643
-
SPRINGFIELD, MO.
SPRINGFIELD TRACTION
Organization.—Successor in 1895
$150,000 In 1903-4,3%
117,000 Nov. 1, 1916
'
payable Sept.'i, 1904
321,000
Bonds.—$100,000 of new 4s are reserved to retire the first 4s.
DIVIDENDS—In years 1893 to 1903, inclusive, 8 per cent per annum.
Road.—Owns 87016 miles (inc. 22103 miles 2d track) of main track
and 6 7 29 miles of sidings. Operates 226 cars.
EARNINGS.—For years ending Sept. 30 earnings have been
ST.
Outstand'g. Maturity.
M-N
BONDS—
Note's
Population tributary estimated at 25,000.
Date.
&
a
ORQANIZATION— Incorporated in Indian Territory in 1901.
Maturity
Date. Interest, Ontstand'q.
STOCK & BONDS—
Stock, $500,000 ($100)
Organization.—incorporated March
&
IND. TER.
INDIAN TERRITORY TRACTION CO-
RY.-A trolley road.
STOCK & BONDS—
SPRINGFIELD STREET RY.-A trolley road.
miles, is
to
CO.
Metropolitan Electrio By.
Interest.
Outstand'g.
Date.
Matunty.
STOCK AND BONDS—
Stock, $400,000 ($100)
$400,000
330,000
1st mtge., $330,000, g. > 1895
5 g. J-J
July 1, 1925
($1,000) (cannot be> Interest lat St. Louis Union Trust Co., St.
called)
c* ) Louis, Trustee.
Road.— Owns and operates 158 miles of track; Westinghouse
elect, system; Hamilton-Corliss engines.
Earnings-—For calendar year ending June 30, 1904, gross, $100,599; total expenses, including taxes, $63,637; net, $36,962.
OFFICERS-— President, Geo. W. Parker, Union Trust Building, St.
Louis; Secretary, C. H. Smith, St. Louis; Treasurer, J. F G. Bentley,
Springfield; Superintendent, J. Fenton, Springfield.
SPRINGFIELD, OHIO.
SPOKANE, WASH.
SPRINGFIELD & XENIA TRACTION CO—
On
Green
miles
1903,
was
ARLINGTON HEIGHTS
MOTOR
RY-2
and Nov.
Wash. Water Power Co pointed
1903, defaulted on coupons.
Road
F. J.
of Springfield
Oct. 29,
apreceiver,
1,
V. 77, p.
Xenia Ry. has been organized as the pro1747. The Springfield
posed successor Co. but no reorganization plan yet perfected. Road
was to have been sold under forec osure on wept. 17, 1904, bat no bids
were received, upset price ($250,000) being said to be too high. V. 79,
Beciverthip.—
leased to
of trolley track. Stock, $50,000.
SPOKANE TRACTION
&
CO.-
Organization— Incorporated in Washington in 1903 and is sucoessor
& Montrose Motor RR.
Date.
Interest.
Outstanding. Maturity.
STOCK & Bonds—
to the Spokane
Stock, $500,000, $100
1st M. $1,000,000, g., )
$400,000
July 1,1927
250,000
g, J-J
($500 <te $l,000)c&r 5 Int. at Title Guar. & Trust Co., N. Y., Trustee.
Bonds.— Are subject to call at 105 after July 1, 1908.
Road— s miles of trolley track completed. Standard gauge; 60 and
70-lb.
T
....
1903
5
rails.
OFFICERS— Pres., Jay P. Graves; Vlce-Pres., A. L. White; See., Clyde
M. Graves; Treas., H. B. Ferris; Mgr., Benj. J. Weeks.— V. 77, p. 251.
WASHINGTON WATER POWER CO.'S SYS-
TEM—SPOKANE
STREET RAILWAY,
ETC.
in Washtngtonin 1888 for 50 years. Comprises the Edison Electric Ilium. Co., Spokane Street Ry. Co., Spokane Electric Railway Co., Spokane Cable Railway Co., Falls
Improvement Company, the Ross Park Street
City Land
Railway Co. and the City Park Transit Company; also the Up River
Water Power, formerly the property of the Spokane Falls Water Power
Co. Also leases the Arlington Heights Motor Ry. Company owns
entire electric-lighting business of Spokane and praotically all the
water power.
12,000 h. p. plant at Post Falls, to cost $500,000,
Is now under construction.
Organization— Chartered
&
A
Stock
&
BONDS—
Date.
Interest.
Outstand'g.
Q-J
$3,600,000 ($100)
1267.
STOCK and Bonds—
Date.
Interest.
Outstand'g.
Maturity.
$500,000
421,000
Stock, $500,000 ($100)
1901
5g. M-N
Nov. 1, 1921
1st Mtge., $500,000,
0*1 Int. at Cincinnati Tr. Co., Cincinnati, Trustee,
g. ($1,000)
i
or at Chase National Bank, New York.
sinking fund and are not subject to oall.
Earnings.— For year ending Deo. 31, 1903, gross, $54,879.
Road— Operates 20 miles of traok, connecting Springfield and Xenia.
Completed Sept., 1902. Rails, 701b. T; eight cars.
Officers— Pres., J. W. Parker; Vice-Pres., J. L. Bushnell; Sec and
Treas., H. C. Dlmond, all of Springtleld.— V. 77, p. 1747, 2340, 2391; V.
78, p. 2443; V. 79, p. 213, 682, 1267.
,
Bonds—No
SPRINGFIELD TROY & PIQUA RYOrganization— incorporated in Ohio April
Interest.
Date.
Stock & Bonds—
CO.
20, 1903.
Outstand'g. Last div.
$70,000
Stock, $700,000 ($100)
There are no bonds. The road was financed by Its officials; $70,000
stock was Issued to comply with law requiring Issue of 10 p. c of authorized amount.
Road— 29 miles between Spr'ngfleld and Troy, O began operating
in July, 1904; including second track and sidings. 33 miles. Rails, 60
and 70-lb. T- Standard gauge. Extension, 16 miles, Chrlstiansburg
to Piqua, proposed.
OFFICERS-Pres., John L. Bushnell; Vice Pres. and Gen. Man.. Fred.
J. Green; Sec. and Treas., H. C. Dlmond. General office, Springtleld.O.
;
Maturity.
$2,884,900
Oct., 1904, 1H%
1st coneol. M. & coll. ) 1899 5.g. J-J
1,600,000
July 1, 1929
trust, $2,000,000, > Interest at Franklin Trust Co., Brooklyn,
gold ($1,000)... c*<tr ) N. Y., Trustee.
Bonds— The remaining $400,000 bonds may be issued for acquisitions, improvements or betterments. Bonds cannot be called.
Dividends— In 1900, 4 p. c; inl901,4 p.c; in 1902,5 p.c; in 1903,
6p. c; in 1904, Jan., 1*3 p. o ;Apr., l 1^ p. c: July, Hg p.c; Oct., 1*2 p.c
Earnings -For year ending Dec. 31, 1903, gross. $801,253; net,
$357,464; depreciation, $71,319; interest, $82,918; dividends, $139,596; balance, $63,631.
Road— System consists of 44 miles of trolley road, the cable line
having been changed to trollev. Rails 30 to 72 lb. T.
OFFICERS— President, Henry M. Richards; 1st Vice-President, A. B.
Campbell 2d V.-P. and General Manager, D. L. Huntington; Sec, H.
L. Bleecker; Treasurer, H. E. Perks, all of Spokane.— V. 76, p. 214.
Stk.,
p.
;
SPRINGFIELD, ILL
SPRINGFIELD RY- & LIGHT COOrganization— Incorporated in New Jersey in March, 1903, and
acquired capital stocks of the Springfield Consolidated Ry. Co.. Springfield Gas Light Co., Springtleld Klectrio Light & Power Co., Peoples'
Hot Water Heating & Electric Co., and Capital Eloctrio Co. Controls
street railway, electrio light and gas interest of Springfield.
Date.
Interest Outstanding.
Maturity.
BONDS—
STOCK
Stock, $3,000,000 ($100)
$3,000,000
l903
2,250,000 June 1, 1933
5g. J-D
Coll tr mort <B5 000 )
Fin. & T., Louisville, Trustee
ooft goia,
«iiri (!t,i,uuu)..o
i«V nnoi «*' ? Int at Columbia
wv,
,
or at Co 8 agonoy in N Y or Phila.
^
Spring. Con. Ry. Con. ) 1893
5
J-L)
750,000 June 1, 1933
mtge., $750,000, g.... $ Columbia Fin. & Tr. Co. Louis v, Trustee.
Bonds— Of the new collateral trust mortgage of 1903, $2,000,000 are
reserved for additions and improvements to property of constituent
companies anil $750,000 for prior liens. The new bonds are subjeot to
call on 60 days notioe at 107*2 and interest. Interest is payable at
&
-
.
company's ottiee and at Hodenpyl, Walbridge & Co.. New York These
bonds arc secured by deposit with the trustee of $150,000 bonds and
$149,650 stock of the Springfield Gas Light Co.; $96,300 stock of the
&
Springtleld Eleotrio Light
Power Co.; $74,400 stock of the Capital
Electric Co.; $104,600 stock of the Peoples* Hot Water Heating &
Electrio Co. and $747,200 stock of the Springfield Consolidated Ry. Co.
Road—Owns and operates 25 miles of trolley track in the City of
Springfield. Rails 40 and 75-lb. T.
Officers— Pres., Anton G. Hodenpyl, New York; Vice-Pres., O.
Clark, Phila.; Sec & Treas.. Geo. E. Hardy, New York; Asst, Sec and
Treas, G. L. Estabrook, Philadelphia.— V. 76, p. 866, 1144, 1193, 1250.
M
-V.
78, p. 23 35.
SPRINGFIELD, VERMONT.
SPRINGFIELD ELECTRIC RY.-A
trolley road.
Organization.— Length of road, 8 miles, from Springfield, Vt., to
Charlestown, N. H. Freight and passenger road.
Capital stock, common, (auth.) $75,000; issued $64,600; guaranteed
1st mortgage for $100,6 per cent notes or preferred stock, $64,000.
000 of 5 per cent gold $500 and $1,000 coupon bonds dated Nov.,
1, 1897, due Nov. 1, 1917; Int. M-N at Nat. Shawmut Bank, Boston.
Earnings— For year ending June 1, 1904, gross, $36,213; net,
$11,419. President and Gen. Mgr., E. C. Crosby; Vice-Pres and Treas.,
M. A. Coolidge; Supt., A. J. Crosby.— V. 64, p. 1043; V. 70, p. 793.
STAMFORD, CONN.
STAMFORD STREET RR—An
electrio road.
Organization— Incorporated as the Stamford Horse BR. Co. on Aug.
9, 1881, but name changed to above on July 3,1889. Control was
obtained by the New York New Haven & Hartford RR. in 1895.
Maturity.
Date. Interest. Outstand'g.
STOCKj Bonds, ETC.—
Common, $100,000. $50
$47,190
45,050
$100,000, $50
75,000 Aug. 1, 1909
lstmortgage, $75,000 auth.
1889 5 F-A
153,017
July 1, 1903, bills payable
ROAD— 18 4 miles of track. In Nov., 1900, the extension to Glenbrook was completed. Operates 30 cars; 1 snow plow.
Earnings— For year ending June 30, 1904, gross, $98,986; net,
$41,400. In 1903, gross, $83,194; net, $27,792; taxes, $2,189; InterPref.,
est,
$11,255; surplus, $14,348.
OFFICERS.— President,
Pres.,
H
M. Kochersperger. New Haven, Conn.; Vlce-
Gillespie, Stamford; Sec, J. 6. Parker;
@FedFRASER