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Electric Railway
SECTION
OF
THE
C ommercial & F in a n c ia l " Q hronicle .
Copyrighted in 1909 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.
Vol. 89.
E l e c t r ic
N EW
R
a il w a y
YORK, OCTOBER
S e c t io n .
The Electric Railway Section, Issued th ree tim es a y ear. In F eb ruary,
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New Y ork.
EXPRESS TRAFFIC ON ELECTRIC RAILWAYS.
We have made reference from time to time to the
growth of freight and express traffic on electric rail
ways. The subject has received new attention this
last year from a number of companies, and there is to
be a comprehensive report on it at the Denver Street
Railway Convention in October. While the findings
of this report are not available until after the conven
tion, the facts of principal interest in the matter are
that the electric railways of the country should have
deemed the topic sufficiently important for the work
of a special committee, and that development of this
by-product of the street railway business is reaching
fairly large proportions and promises to reach much
larger ones in the near future.
There is now an extensive amount of electric-railway
mileage in this country, and the growth of the system
follows closely the increasing population of the country
as a whole, particularly when this population comes in
new districts. There are still enormous areas of the
country substantially without street-railway facilities,
especially in the South and West, and there is no
reason to doubt that the development in this region
will follow the general rules which have been observed
16, 1 9 0 9 .
No. 2312.
in the case of the mileage already built; that is to say,
that local lines will join together and throw out inter
urban feeders which will in turn connect with other
groups.
In view of the general tendency to consolidation in
the interests of efficiency and economy, the street
railway situation in this country is unique. It is per
haps fair to say that there is less amalgamation and
common ownership of street-railway properties than
is to be found in any other branch of industry to which
such large sums of capital are devoted, excepting only
the development of farm lands.
This economic principle has very important effects
on street-railway express business. It is well known
that carrying express freight is one of the very profit
able by-products of the steam-railway industry at
present. On a roadbed and with an equipment already
provided, for the main purpose of carrying freight and
passengers, the steam railways can conduct their ex
press business at a very slight marginal cost. But
the first requisite for the conduct of this business is
continuity of connections, and this is now entirely
lacking in the electric railway field.
As a partial offset to this severe handicap in the con
duct of through express business, trolley lines have a
distinct advantage in the conduct of local interurban
express traffic, because, in many cases, they can per
form their own deliveries at the yard gate or the farm
platform, and, running cars at frequent intervals,
they can almost always offer facilities of service which
the steam railways cannot offer. Some companies
have made large use of this advantage; others have
considered that the traffic was scarcely worth going
after.
A few companies have extended the express prin
ciple to heavy freight carrying; thus the Toledo &
Western line, operating 84 miles of track and con
trolled by the Toledo Railways & Light Co., owns 98
freight cars, 3 express cars and 5 electric locomotives,
and handles nearly 7,000 carloads of freight a year,
of which merchandise predominates over any single
commodity. The Toronto & York Radial Railway,
which is operated by the Toronto Railway Co. in three
divisions, derived nearly a quarter of its entire income
on its principal division from freight traffic in 1908,
handling large amounts of farm produce, express
traffic and heavy freight, and soliciting traffic vigor
ously along the route An unusual feature of this
com p any's business is th e large am oun t of interchange jo in t traffic arrangem ents b etw een groups of in ter
urban lines, betw een interurban lines and steam
freight traffic clone w ith steam -railw ay con n ection s.
railw ays and betw een interurban lines and ex istin g
T he H u dson V alley, th e A lbany & H udson and the
F ond a Joh nstow n & G loversville roads are am ong express com panies. T he other d evelop m en t is an
th ose w hich have done an im portan t express and ex ten sio n of th e collection and d elivery w ork, now
freight business in N ew Y ork, w hile it is the rule done on ly b y a few com panies. W hen through traffic
rather th an the excep tion for th e interurban lines in arrangem ents and collection and delivery b ecom e
Ohio and In dian a to run express cars. H eavy freight, general, as th e y are quite lik ely to before m any years,
how ever, is n ot u su ally regarded b y street-railw ay it seem s probable th at th e express and lig h t freight
m anagers as a desirable form of traffic; facilities for business of interurban lin es w ill b ecom e a feature of
handling it are generally bad, th e la y o u t of the railw ay considerable im portance.
is not ad apted to it and its slow ness of m ovem ent is
apt to interfere seriously w ith passenger traffic. A TROLLEY DEVELOPMENT ON LONG ISLAND.
T he d evelopm en t of th e trolley sy stem on Long I s
railw ay th a t is going to handle h ea v y freight has got
land is in m any respects u nu sually in terestin g, and it
to h ave a considerable m ileage of long sidings, industry
tracks and card tracks, and requires an organization illustrates ex cep tio n a lly w ell som e of th e critical
q u ite different from th a t of th e average electric rail p oints in th e m utual relations of steam railw ays and
w ay, if it is going to conduct th e business at a profit. trolley lines.
From th e stand point of passenger traffic, Long Islan d
E xp ress business, how ever, w hich can be run ad
is divided in to tw o p arts. On th e ten m iles of the
v a n tageou sly in single car or in partial carloads on
full passenger schedule offers tem p tin g opportunities w estern end, ly in g b etw een Jam aica and F la tb u sh
for profit if it is w ell h andled. H eretofore it has A ven ue, th e settlem en t is alm ost en tirely an a ll-th elargely been neglected because th e im m ediate returns, year-'round one, and has in a good m any w a y s th e
w ith o u t a very d efinite organization to conduct the residence characteristics of th e H arlem of ten years
w ork or a very strong effort to get th e tia ffic , w eie ago. E a st of Jam aica, w here there are a n u m b er ol
sligh t. As th e exten sion of electric lines continues, all-the-year-’round tow ns, th e greater part of th e islan d
it is going to be increasingly easy to m ake through is m ade up of truck farm s in th e central po rtions and
express routings, and som e d ay it w ill be realized sum m er resorts along th e north an d sou th sh o res.
generally th a t a skilled and active express m anager The passenger traffic from these resorts is ex tr em ely
can p u t a large am ount of new business in th e hands h eavy in M ay, June, J u ly , A ugust and S ep tem b er;
during th e rest of the year it is very ligh t.
of a group of associated lines.
It n aturally follow s, w ith such a geographical s itu a
T he d ifficu lty of m aking through arrangem ents for
tio n , th a t th e im portant traffic lines all run east and
handling express m atter b etw een electric lines and
steam lines has been a serious ob stacle in th e d evel w est, w hile th e traffic across th e islan d , b etw een the
opm ent of th e system h ith erto. Y et it is u nd oub tedly sm all tow n s, is uncom m only light in proportion to
a short-sighted p olicy on th e part of steam -railw ay th e to ta l m ovem en t. The sum m er resident does al
m anagers to check th e grow th of th is business on the m ost no travelin g by rail from one little to w n to an
interurban lines; these lines are capable of originating other; he rides betw een N ew Y ork or B rooklyn and
a very large am ount of new business w hich w ill m ove his hom e every day in th e season, and any in cid en tal
far beyon d their ow n lim its, and th e easier and cheaper travelin g th a t he does is apt to be b y horse or b y m o
it can be m ade for th e sm all shipper to tak e full ad tor. M oreover, ow ing to th e lon g-established railw ay
v an tage of th e peculiar opportunities afforded b y lines running east and w est, th e d istrib utin g centers
th e interurban road, th e m ore profitable it is going for th e sm all tow ns can su b sta n tia lly all be reached by
to be for all concerned in th e long run.
L ast spring a contract w as m ade b etw een a num ber
of interurban roads in In dian a and Ohio and one of
th e w ell-established express com panies. T his arrange
m ent provided th at th e revenue derived b y th e express
com p any should be pro rated b etw een th e trolley lines
on a basis of gross receip ts, w ith a m inim um guaranty
for each com pany. Som e of th e roads en teiin g into
th is contract p ractically turned over their business
to th e express com p any, b u t other roads continued
their ow n d evelopm en ts as before, regaid in g th e new
through business derived from th e con tract w ith the
express com pany as being su p p lem en tary to th a t w hich
th ey had done before, in stead of as tak in g its place.
I t m ay be said in general th a t express and light
freight business has had reason ably rapid grow th,
especially in the M iddle W est, w ith in th e lim its of th e
system adhered to b y m ost com p anies in not m aking
w agon collections and d eliveries, b ut in receiving and
delivering goods at their own w a y sid e station s. U p
to this p oint the business can be done alm ost w ith ou t
cost, and is extrem ely profitable as far as it goes;
but it does not go far. Of th e tw o d evelopm en ts
which offer m ost p rom ise for th e future, one lies in
rail.
T he result of this situ ation is w hat m ig h t be e x
p ected . On the w estern end of the island th e trolley
lines reaching B rooklyn and Long Isla n d C ity do a
brisk business, w ith com p aratively short hauls. I he
B rooklyn R apid Transit sy stem reaches Jam aica,
and th e N ew Y ork & Queens C ounty R a ilw a y , which
operates th e entire street railw ay sy stem of Long Island
C ity, has tw o lines to F lu shing and one b etw een F lu sh
in g and Jam aica, and has gross earnings of close to a
m illion dollars a year. r is road is controlled by the
lh
Interborough R apid T ransit Co. of N ew Y ork, and
th e original plan was doub tless to operate it in con
junction w ith th e S tein w ay tu n n el.
E x cep t for th e lines of the B rooklyn R apid Transit
C om pany and th e N ew Y ork & Queens C ounty R ail
w a y , how ever, th e all-the-year traffic of th e w est end
of Long Islan d is alm ost w h olly taken care of b y th e
adm irable service of th e L ong Island R ailroad, and
th e traffic ou tlook for trolley lines elsew here has not
been good.
Several years ago an exp erim en t w as m ade w ith a
lateral electric line to connect P ort W ashington, Mineola, R oslyn and other p oin ts. A lthough the regular
co m m u tation traffic b etw een these p oints and N ew
Y ork is exceed in gly h eavy, and a fair am ount of it
con tin u es throughout th e year, this lin e, w hich w as
opened in th e fall of 1907 and operates ten m iles of
track, has n ot as y e t been successful, and th e business
done b y it has so far been very ligh t.
T h e Long Island R ailroad, through direct owner
ship in som e 45 m iles of trolley line and through half
in terest in 76 m iles m ore, is th e largest trolley owner
on L ong Island , and its p olicy in m any respects has
been in teresting in com parison w ith th a t of certain
o th er large trolley-ow n in g steam lin es, especially
th e N ew Y ork N ew H aven & H artford, th e Southern
Pacific and th e N ew Y ork Central. In general, it m ay
be said th a t th e p olicy of th e L ong Island has been to
b uild lines for tw o purposes only; it has supplied its
p atrons w ith short trolley lines con n ectin g th e tow n
w ith th e sta tio n , as at N orthport, S ea Cliff and Glen
C ove, and it has in one or tw o in stances built or
acquired a p art in terest in m ileage stron gly located
from a strategic stan d p oin t. B u t it is probable th a t
th e electrification of th e w estern end of th e system
w ill render its trolley holdings for purposes of p rotec
tion largely unnecessary; its ow n passenger service
is so adm irable th a t there is b ut little chance for ou t
side interurban lin es to com p ete.
T h e curious feature of th e freight situ ation on Long
Islan d is th at enorm ous q uan tities of garden truck are
team ed in to Long Island C ity direct from th e farm s,
goin g 20 or 30 m iles or even longer d istances, by a
m ode of con veyan ce w hich existed before the first
railw ay w as b uilt. T he reason for th is is p artly th at
garden truck is dam aged by rehandling; partly th a t
freight rates and N ew Y ork m arket prices are both
relatively high, so th a t th e farm ers’ w agons can ac
tu a lly operate at a profit under ex istin g conditions.
In m any parts of th e M iddle W est th is kind of traffic
is tak en care of extrem ely well and profitably to all
concerned b y th e interurban lines, but interurban lines
can n ot com pete w ith th e kind of passenger service
supplied on th e Long Island R ailroad. C onsequently,
in th e m ost im portan t garden-truck d istrict tributary
to N ew York C ity no use is m ade of a m ethod of trans
p ortation w hich has w orked w ell w here farm s were
m uch further apart and custom ers considerably
harder to find.
T he upshot of the Long Island trolley situ ation
seem s to be th at interurban lines are not lik ely to do
w ell, either as passenger carriers or as freight carriers,
in a territory where long-haul com m utation business
predom inates, at rates far below the livin g rates for
an interurban line on th e basis of th e trolley road’s
single fares, and at speeds w ith w hich th e trolley lines
can n ot com p ete. T he fact th a t there are m any little
tow n s, relatively close together, does n ot in itself
prom ise a good living to an interurban road if all these
tow n s are resid en ce’ offshoots of a neighboring city ,
and are far enough from it so th a t a high-speed se r
vice is essen tial.
th e street railw ay com p any fails to carry ou t th e
d etails of th e agreem ent. T he city reserves th e
right to b u y th e lines at a n y tim e th a t m unicipal
ow nership m ay be m ade law ful in C leveland, b u t does
n ot bind itself to do so. T he city also reserves th e
right to becom e a purchaser of th e lines after eight
years. The m axim u m rate of fare to be charged is
to be based on a v a lu a tio n of th e prop erty, w hich is
to be m ade b y Ju dge R obert W . T ayler, of th e U n ited
S ta tes Circuit Court, provid in g th a t th e fare shall at
no tim e be greater th a n w ill allow th e com p any a
return of 6 per ce n t upon th e property v a lu e, con
sisten t w ith good service. Judge T a y ler suggested
th a t, for th e present, pending th e v a lu a tio n , the
m axim um rate of fare be 4 cen ts for a cash fare and.
th a t seven tick ets be sold for 25 cen ts, w ith an ex tr a
charge of one cen t for transfers; and th is w orking
arrangem ent has been accepted b y both parties to th e
controversy.
Y et th is settlem en t gives little in dication of being
final. The Johnson p arty has staked its p olitical future
on th e 3-cent fare and th e rate of fare to be allow ed
as a m axim um w hen Judge T ayler finally hands in his
award in v alu ation seem s lik ely to exceed th is sum .
T h is m uch at least m ay be gathered from th e eager
ness of th e C leveland R ailw ay to g et th e m atter in to
th e hands of an independent arbitrator and th e
reluctance w ith w hich th e M ayor’s p a rty consented
to lea v e his hands free. C onsequently, th e c ity ’s
purchase clause m ight readily enough be m ade th e
occasion of another terrific political b a ttle if th e
term s of th e arbitration allow ed a fare in ex cess of
3 cents to be charged, or if th e dem ands for additional
or for Im proved service could n ot be carried ou t on th e
basis of a rate of fare satisfactory to Mr. Joh nson .
B u t it will be recalled th a t th e succession of v ictories
for th e M ayor w hich characterized th e early part of th e
cam paign la tterly changed to a succession of d efea ts.
On A ugust 3 a referendum w as held on th e proposition
to grant to H erm an J. S ch m id t, actin g in th e in terests
of th e Johnson p arty, a franchise to build a railw ay
sy stem in op position to th e C leveland R a ilw a y Co.
T he referendum partook of all th e characteristics of a
regular m unicipal election . The to ta l v o te cast
equaled about tw o-thirds of th e registration, and there
were th e usual charges of illegal registration, coloniz
in g ., & c., m ade b y b oth p arties. A t th e referendum on
O ct. 22 1908, w hen M ayor Johnson su b m itted a plan
sim ilar in its general purpose although different in
detail, th e M ayor w as d efeated b y an exceed in gly
narrow m ajority. T his year he w as d efeated b y a
m ajority of nearly 4 ,000 ou t of a to ta l of 66 ,0 0 0 v o tes
ca st. So far as an y moral lessons can be drawn from
th e results of th e v o te , it is apparent th a t th e citizen s
are not only losing faith in th e v eh em en t p ro testa tio n s
of their silver-tongued m ayor, b ut are becom ing
h eartily tired of th e w hole controversy, w hich has
und oub tedly dam aged th e credit and interrupted th e
d evelopm en t of th e city .
T he C leveland prim aries were held S ep t. 7, anti
THE TRACTION SITUATION IN CLEVELAND. Mayor Johnson, who is now serving his fourth term ,
On O ctober 5 a conference w as held in C leveland, w as again nom inated b y th e D em ocrats. H e w as
Ohio, to arrange a settlem en t of th e street railw ay opposed at th e prim aries b y a D em ocratic C ouncilm an
w ar, w hich has continued alm ost w ith o u t interruption w ho objected to his p o licy , b ut th e Mayor w on th e
for eigh t years. As a result of th e conference, the support of his p arty b y a large v o te.. The R ep u b li
city is going to give th e Cleveland R ailw a y C om pany cans have nom inated H erm an C. B aehr, who ob tain ed
a tw en ty-five year con tract, su bject to abrogation if his own nom ination as th e result of a rather close v o te .
[V
o l
. L K X X IX .
the village had a contract w ith th e C leveland E lectric
R y ., 13 y ea rs’ unexpired tim e of w hich still rem ains,
requiring th e com pany to carry residents of E ast
C leveland to th e Public Square in C leveland for the
sam e fare w hich prevails on E uclid A venue in C leve
land . On th e three-cent-fare basis in effect prior to the
conference, this proposition was no less em barrassing
to th e M unicipal Council than to the railw ay com p any,
since th e three-cent-fare basis so ardently prom ised
b y the Mayor has only been applied on short hauls
in the central portion of the system .
On S ep t. 7 th e C leveland R ailw ay agreed to concede
controversy.
I t will be recalled th at the present street railw ay th e right of the city to nom inate a purchaser for the
sy stem of C leveland is in the hands of th e M unicipal co m p an y’s property at any tim e after eight years
T raction C o., organized in 1906, and th at on April 27 from th e d ate w hen th e revised franchise ordinance
1908 the M unicipal T raction Co. leased th e property becom es op erative, provided th a t the com pany be
of the C leveland R ailw ay Co. for 50 years, the lease perm itted to retain its property if w illing to accept as
being renew able at th e option of the T raction C om pany sm all a return as any proposed purchaser; a proposi
for another 50 years, and in a like m anner renew able tion ob viously reasonable, but n evertheless diam etri
in turn for 50 years forever, su bject to various kinds cally op posite to th e conditions set forth b y th e M ayor.
of default in th e term s of th e agreem ent. M ayor On th e sam e d ate th e com pany also proposed to th e
Johnson's C ity C ouncil, prior to th e execu tion of this Council th a t th e m axim um rate of fare be five cents
lease, obtained th e passage of an ordinance securing cash, including a transfer, or seven tick ets for 25 cents,
certain rights to the C leveland R ailw ay for 25 years; w ith an additional charge of one cent for a transfer;
but this ordinance w as rejected at the referendum on th e initial rate of fare to be three cents cash w ith one
O ct. 22 1908. Therefore, th e franchise being in cent additional for a transfer, and the ordinance to be
v a lid ated , and operations being h ighly unsuccessful, so draw n as to require duplicate transfers on cross
th e M unicipal T raction Co. was declared in solven t by tow n lines w ith ou t additional charge. In reply to this
th e courts, and W arren B icknell and Frank A. S co tt th e m unicipal adm inistration stood firm ly b y its con
were appointed receivers of the M unicipal T raction Co. ten tio n th a t th e rate of fare be fixed after the con
and of th e C leveland R ailw ay Co. b y Judge T ayler tem p lated valu ation and not before.
There have been several previous occasions w hen
of th e U n ited S ta tes Circuit C ourt.
T he receivers
h ave operated th e property efficien tly, w ith car final settlem en ts of the controversy were w idely
m ileage largely increased over th a t of th e Johnson proclaim ed. The agreem ent of O ctober 5 has as its
m ost hopeful aspect the personal and official position
regim e.
T he prelim inaries to th e conference ju st held were of the arbitrator, Judge Tayler; but it m ust not be
storm y. T he M ayor had insisted th at good-w ill and overlooked th a t certain previous n egotiations have
going valu e should be exclu ded as factors in any given fair prom ise of success up to th e p oint where
v a lu ation w hich m ight be m ade. T he com pany there w as a definite parting of th e w ays b etw een
naturally ob jected to th is, and pointed out th a t the ideas of th e com pany and th e ideas of th e M ayor.
elem en ts of v alu e real enough to afford a basis of T he efforts at g ettin g together h ave th en regularly
ta x a tio n ou ght to q ualify as assets in an appraisal. fallen to the ground during th e turm oil provoked by
L ate in A ugu st, how ever, th e com p any m odified its a ttem p ts on th e part of th e C ity Council to introduce
form er p osition, and sen t a com m unication to the som e m ethod of procedure radically different from
C ity Council offering to su bm it th e valu ation con th a t under consideration.
From an operating stand point, the m ost ridiculous
troversy to Judge T ayler, w ith the understanding
part of the entire Johnson tum ult lies in th e obvious
th at Judge T ayler be asked to prepare an ordinance
in accordance w ith w hich th e com p any m ight be fact th a t it is becom ing progressively harder each year
granted a franchise to operate its existin g railw ay, for street railw ays to m ake a livin g on th e five-cent
rendering to th e public such service as th e Council rate of fare, w hich is th e com m on standard in m ost
m ay from tim e to tim e require, at actual cost, includ cities. As has often been pointed out before in these
ing a return to th e com pany of 6% per annum on colum ns, th e five-cent fare is like a p ile driven in the
th e true and ju st valu ation of its property; the v a lu san d, upon w hich th e tid e of gradually increased
ation to be determ ined b y Judge T ayler, or, if he should w ages and costs of m aterials is rising slow ly but
decline, b y three disinterested arbitrators. The city surely. A terrific b a ttle w aged to obtain a rate of
ad m inistration, how ever, refused flatly to accept the fare abnorm ally low and u nproductive, even under
proposition th a t an ordinance thus draw n should be present con d itions, can result and has resulted in only
su b m itted to a referendum v o te on or before the date one thing— grossly bad service, w hich cannot well be
of the n ext general election , N o v . 2 1909. The m ade better because no new capital can be a ttracted .
Council raised a question relative to the legality of T he proposition th a t th e in vestor be lim ited to 6%
th e proposition and declined to ab dicate w hat it con on his actual expenditure, provided he earns it, th e
in vestor to bear all losses, and to be su bject to w h a t
sidered to be its ow n fun ction s in th e m atter.
Another point of controversy has been th e agreem ent soever orders regarding service th a t a C ity Council
b etw een the C leveland R ailw ay and th e village of E a st m ay see fit to m ake, is not likely to attra ct new capital
C leveland. T he M ayor of E ast C leveland claim ed th at in C leveland or elsew here.
So far as can he foreseen, the prospect for enduring
civic peace and d ecent com m un ication s in C leveland de
pends largely on th e m unicipal election . M ayor
Johnson and th e D em ocratic counselors w ho con sti
tu te his personal support, although unsuccessful in
their referendum proposals both this year and last,
are in a p osition where th ey can block effectively the
efforts m ade b y th e C leveland R ailw ay Co. to clean
up the tangle, and there is no in dication th at the
M ayor will be lik ely to carry ou t the spirit of any
arbitration award w hich does not favor his side in the
Electric R ailways.
SECURITIES
AND
REPORTS.
T h is is o n e o f ou r s ix S e c tio n s or S u p p le m e n ts . I n u s in g t h e se r ie s i t is to b e r e m e m b e r e d t h a t t h e y a re in te r -d e p e n d e n t
p u b lic a tio n s , c o m p le te o n ly a s a w h o le . I f u tiliz e d to g e th e r , a n d w ith t h e fr esh it e m s o f n e w s t h e " C h r o n ic le ” c o n ta in s fro m
w e ek to w e e k , t h e in v e s to r w ill h a v e a ll t h e in fo r m a tio n h e n e e d s in s e e k in g a sa fe a n d r e m u n e r a tiv e lo d g m e n t for h is m o n e y .
S tr e e t a n d E le c tr ic R a ilw a y s fo r c ib ly illu s tr a te th is in te r -d e p e n d e n c e . S u c h r o a d s o b v io u s ly r e ly for th e ir in c o m e , a n d
th e r e fo r e in g r e a t p a r t for t h e v a lu e o f th e ir s e c u r itie s , u p o n t h e p o p u la tio n a n d a c t iv i t y o f t h e c o u n tr y t h e y s e r v e . H e n c e
c o n s t a n t referen ce to o u r " S t a t e a n d C ity ” s e c tio n w ill b e fo u n d n e c e s s a r y b y t h o s e w is h in g t o p u r c h a s e t h e s t o c k s a n d b o n d s
o f s t r e e t r o a d s. P o p u la t io n , a ss e s se d v a lu a t io n , t a x r a te , to ta l d e b ts o f t h e c o u n t ie s , c itie s a n d m in o r m u n ic ip a litie s are
g iv e n a t le n g th in t h a t p u b lic a tio n , e v e r y o n e o f w h ic h it e m s is a n e s s e n tia l f a c t c o n tr ib u tin g m o r e or le s s t o a n y eo rr ee t
e s t im a te o f th e a m o u n t o f su b u r b a n t r a v e l a g iv e n ro a d c o m m a n d s .
T h e abbreviations u s e d in ou r E le c tr ic R a ilw a y s t a t e m e n t s w ill b e fo u n d e x p la in e d in a t a b le im m e d ia t e ly fo llo w in g t h e
la s t s t a t e m e n t in th is p u b lic a tio n .
>
A fu ll Index, w h ic h sh o w s w h e r e e a c h r a ilw a y w ill b e fo u n d , is a lso g iv e n o n t h e c lo s in g p a g e s .
ABERDEEN, WASHINGTON.
QR A YS HARBOR R A IL W A Y & LIGHT CO.
ORGANIZATION.— In 1006 we were advised th at franchises were all
for 50 years and had been granted within 4 years preceding that date.
OwnS about 87 acres of land and 25 lots. Operates an electrlc-llght plant
In Aberdeen and another In Hoaulnm.
STOCKS AND BONDS— D a te.
In terest. O utstan din g.
M a tu rity .
_______
$500,000
-----------Stock $500.000_____________ _____
First ' mortgage, $500,000,f 1906
6 g A-O
500,000 April 1 1936
gold ($1.000)..................... c*{ Interest at Clt. Sav. A Tr. Co., Cleveland,
Trustee, or First National Bk., NewYork.
l
R en d s. —A sin kin g fu nd sufficient to retire 2% of the bonds annually at
105 and Interest begins April 1 1911. Bonds are subject to call on any
Interest date upon 60 days’ notice at 105 and Interest. See V. 83, p. 155.
EA RN IN G S.— For calendar year 1908, grosp, $205,978; net after taxes,
$87,155; Interest, $30,000; surplus, $57,155. In 1907, gross, $193,744;
net, after taxes, $88,471; Interest, $24,719; surplus, $63,752.
ROAD.— Operates 12 miles of track In and between Aberdeen, Hoqulam and Cosmopolls.
„
OFFICER S.— Pres., Geo. F. Stone. Seattle; V .-P ., J. B. Bridges; Sec.
Jay D . Crary, Aberdeen; Treas., R . C. W hite; Comp,, Minor D. Orary.—
V. 83. p. 155; V. 86. p. 420.
_
_
R EPO R T .— For calendar years (1908 report In V . 88, p 291):
G ross.
X e t.
C harges.
S u r p lu s .
1908 (214.05 miles of track)..$ 1 ,8 9 8 ,4 7 3 $804,049 $526,532 $277,517
1907 (214.53 miles of tr a c k ).. 1,909,061
813,306
513,242
300,064
1906 (204.12 miles of tr a c k ).. 1,703,340 696,498
213,324
483,174
_____
1905 (202.62 miles of tr a c k ).. 1,552,070 654,140
182,637
471,583
Out of the $277,517 surplus for 1908, dividends of $134,151 (1H % ) were
paid, leaving $143,366.
OFFICER S.— Pres., H. A. E verett, Cleveland, O.; 1st V .-P ., Will
Christy, Akron; 2d V .-P . and Gen. Mgr., Chas. Currie, Akron: Treas., J. R .
N utt, Cleveland; Sec’y, C. F. Moore. Akron. Gen. offices, Akron.— V. 84,
p. 221, 337, 1248, 1488; V. 85. p. 601; V. 86, p. 230, 335; V. 87, p. 545,
1605; V. 88, p. 231, 291. 625, 686, 823, 883, 1197.
ALBANY, N. Y.
UNITED TR A C T IO N .— A trolley road.
The entire stock of this company Is owned by The Delaware A Hudson
Co. V. 81, p. 1552; V. 82. p. 160. The D. A H . also owns the 'Troy A
New England and the Plattsburgh Traction, and has acquired a half Interest
In the Schenectady R y., the New York S tate Railways owning the other
half.
ORGANIZATION.— Chartered Dec. 30 1899 as a consolidation of the
Albany R y. (chartered In 1863), the W atervllet Turnpike and R R . (char
tered In 1828) and the Troy City R y. (chartered Jan. 31 1866). See V. 09,
AKRON, OHIO.
p. 1147, 1300: V . 70, p. 77. Has contract with Hudson River Electric Co.
NORTHERN OHIO TRACTION & LIGHT CO.— Trolley.
for
V. 69,
909. The Capitol
ORGANIZATION.— Incorporated In Ohio as successor In N ov. 1902 to of Albany Maysupply of power. franchise p. 541, on certain streets In R y. was
1 1891 to secure
rights
Albany,
the Northern Ohio Traction Co., having exchanged Its securities for the organized
The United
rights. F ranchises In Troy and Albany,
common and preferred stock of the latter per terms In V. 75, p. 733. In except that Traction leases these y. on Delaware A ve. (a short line on the
of the Capitol R
June 1906 wo were Informed that franchises then had an average of 17 years outskirts of Albany), which expires Aug. 8 1951, are said to be perpetual.
to run. Later In same year took over control of the Canton-Akron Consol. V. 79, p. 2698. lia s traffic agreement with Albany A Hudson R R . Co.
R y., and guarantees that company’s $2,500,000 consol. 5s, prln. and lnt.
Schenectady R y. Co., by which these roads obtain entrance Into
V. 83, p. 435, 849. Also owns entire capital stock of the Akron Wadsworth and the and Troy.
& Western Traction Co. and guarantees Its bonds, prln. and lnt. In Sept. AlbanyCohoes City R y. was sold at foreclosure In 1904 and reorganized as
The
1007 Northern Ohio Trac. & Light shareholders were offered $1,000,000 of Cohoes Ry. Co., with $120,000 stock and $84,000 bonds: $119,100 of the
new stock at $20 per share. This new stock Is Included In total below. stock and all of the bonds of the new company are deposited with the Central
Stock listed on the N . Y. Stock exchange In March 1909.
Trust Co. of New York as security for bonds of the Albany Ry.
STOCK AND BONDS—
D a te.
Interest. O utstan din g.
M a tu rity .
A cq
udson
In Dec.
a majority of the
2Q -M 15 $9,000,000 J.inc’0 9 .>4 % stock u isitio n of Hof the V a lle y .— Valley R1900 acquired Increased Its own
Common stock, $ 1 0 ,0 0 0 ,0 0 0 ]-------and bonds
Hudson
y. Co., and
(par $ 1 0 0 )...........................-J
stock from $5,000,000 to $12,500,000 to finance the purchase. V. 84, p. 52.
Ak Bed A Clev 1st M, $300,-] 1895
5 g M-S
300,000 Sept 1 1915
STOCK
In terest. O u tstan din g. L a st d lv .,A c
000 ($1,000);M covcrs27.4m /lntercst at Central Tr. Co., N . Y ., Trustee. Stock (par AND BONDS—,0 0 0D a te.
4 J-J
$12,500,000 July'09, 2 %
$100) $ 1 2 .5 0 0
.___
Northern Ohio Traction, m ortf 1899
5 g J-J
$2,700,000 July 11919
Debentures, $456,000, gold] 1901 41$ g M-N
456,000 May 11919
g, $3,000,000 ($1,000). .c*{ Interest at Central Trust C o., N . Y .,T ru stee;
($ .0 0 0 ).........................
t. at
Commercial Bank, Albany.
l or Dime Savings & Banking Co., Cleveland Cons1 mort, $6,500,000, ...... r /In1904 N at. ff J-D
gold]
4H
2,588,000 June 1 2004
Northern Ohio Traction A) 1003 4 & 5 g J -J
2,800,000 Jam 11933
($ 1 ,0 0 0 )..............................c*JInt. at Central Trust Co., N . Y .. Trustee.
Light 1st consol ($ l,0 0 0 ),)ln t. at Clt. Savings & Tr. Co., Clcvc., trusB o n d s. — Of the consol, m tge. of 1904, $3,912,000 Is reserved to retire prior
gold, $7,500,000 _______ c*j tec. or a t First N at. Bank. New York.
liens. No sk. fd. and bonds are not subject to call. Directors may fix rate of
Ak. Wads & West m ortgage,! 1906
5g
See text July 1 1933 Interest, but not exceeding 6 %; present Issue Is at 4 H %• The debentures
_
$500,060 guar ($1,000)_ f
Northern Ohio Trac. A Lt col] 1909 6 Q-F
1,000,000
See text may be called on any Interest date on three m onths’ notice at "a 5 % Interest
trust mortgage $ l,0 0 0 ,0 0 0 )ln t. at Clt. Sav. A Trust Co , Cleveland rate for the unexplred term as calculated In standard Interest tab les.”
V. 73. p. 1113.
($1,000) c _______________ J trustee, or First N at. Bank, New York.
SEC U R ITIES OF A LBA N Y RAILW A Y .
B o n d s.— O t the $3,000,000 Northern Ohio Traction bonds, $300,000 are
STOCK AND BON D S—
D a te.
In terest. O utstan din g.
M a tu r ity .
reserved to retire the Ak Bed A Clev. gen. m tge. of 1895. Bonds listed
5 M-S
$32,000 Sept 1 1913
on Philadelphia Stock Exchange In Oct. 1001. Of the $7,500,000 Northern Fifth mortgage............................ 1888
5 g J-J
428,000 Jan 11930
Ohio Traction A Light consols, $3,000,000 are reserved to retire the North. Consol M ($500,000), gold) 1890
($ 1 ,0 0 0 )_______________c * { Interest at Central Trust Co., New York.
Ohio Traction bonds and $1,700,000 are held for future requirements;
5 g J-D
496,000 June 1 1947
$1,000,000 aro 6s, all outstanding; the rest 4s. The col. trust mortgage General mortgage, $750,000,] 1897
gold........................................... j Central Trust Co.. New York. Trustee.
of 1909 Is secured by deposit of $1,000,000 Nor. Ohio Trac. A Lt. 4s,
Leased line secu rities —
$700,000 Canton-Akron consol. 5s and $200,000 Akron Wads. A West 5s.
J 1889
0 M-N
$350,000 May 1 1919
Bonds were Issued to retire $600,000 col. trust con. notes of 1906, Canton Wat T A R R —
1st M lnt g u a r ............... ...... /B oston Safe Dep. Co. A Tr. Co., Boston, Tr.
A Akron 2d 5s and $100,000 Tus. Elect. 5s. We therefore no longer show
2nd M, p A lnt g u a r ..___ I 1890 0 M-N
150,000 May 1 1919
these In our table except the last. They mature In annual Installments
(Metropolitan Trust Co., N . Y ., Trustee.
$100,000 yearly on November 1 1911 to 1914 and $150,000 yearly 1015 to
Tho Albany R y. gen. mort. of 1897 was for $750,000, of which $254,000
1918
Subject to call at 102 In Inverse order of numbers on any Interest
was reserved, but consolidation makes reservation Inoperative.
date. V. 88, p. 823.
.
SEC U R IT IES OF TROY CITY RAILW A Y .
Canfon-Akron Consolidated Railway.
D a te.
Interest. O utstan din g.
M a tu r ity .
STOCK AND BONDS—
D a te.
Interest. O utstan din g.
M a tu rity .
1892
5 g A -0
$2,000,000 Oct 11942
Consol M $2,500,000, gold.l
1906 5 g J-J
$1,026,000 Jan 1 1933 Troy City 1st con M ,g, $2.-)
000,000 __________ c*A r/lntcrest paid b y Trustee. Central Trust Co.N. Y .
guaranteed by Northern OJInt. at Clt. Sav. A Tr. Co., Cleve., Trustee.
The Troy City leased roads Include Troy A Cohoes, stock $50,000, d ivi
Traction A Light....... ...........j or First N at. Bank, New York.
Canton-Akron 1st m ortgage,] 1902
5 g M-S
1,150,000 Mch 1 1922 dends under lease 7%; Lanslngburg A Cohoes, stock $15,000, dividends
$2,000,000, g ($1,000) ..c * j l n t . a t Knickerbocker Tr. Co., N .Y ., Trustee under lease, 7%; Troy A Lanslngburg, stock $700,000, owned by Troy
Canton-Masslllon 1st mort’g e.f 1900
5 g M-N
850,000 May 1 1920 City R y.; total $765,000. The Waterford A Cohoes R R ., $25,000 stock,
$1,000,000, g, ($1,000)_ <Interest at Cleveland Trust Co., trustee, or receives 7 % yearly under lease.
_
L at Standard Trust Co., New York.
D IV ID E N D S .— First quarterly dividend, 1 '4 % . was paid May 1, 19001
1st M Can A N P. $1,000,000,1
1903 5 g F-A
565,000 Feb 11923 same rate continued up to and Including July 1906. For quarter ending
Oct. 1906 l'A % was paid and for two months ending Dec. i:>06 1°;, was
gold ($ 1 ,0 0 0 )...................c * \In t. at Am. Loan A Tr. Co., Boston, Trustee.
Tus RR 1st M, $100,000/
1896 6 g J-D
100,000 June 1 1916 paid. On Dec. 31 1906 stock was Increased from $5,000,000 to S12.500.000
($500), gold............................lin t , at Cleveland Tr. Co., Clcvc., O ., Trustee.
and dividends made seml-ann";ri (1-.T> and 2% nald -T
’dv 1 1007, 2%
Tus Elec Co 1st M..................... f 1890
5 M-N
100,000 May 11010 Jan. 1 1908 and 2% July 1 1908. In 1909, Jan., 2%; July, 2%.
ROAD.— O perates'35.52 (Including the Cohoes Ry.) miles of track, of
lin t , at Sav. A Tr. Co.. Cleveland, Trustee.
Lake V L A I mortgage_____________
6
J-J
59,000
Sec text which 76.65 miles owned, connecting Albany, Troy, Cohoes, Rensselaer,
B o n ds. — Of the $2,500,000 new bonds, $200,000 are reserved to retire W atervllet, Lanslngburg, Green Island, Waterford, Ac. Has 436 ears,
the Tus. R R . 6s and the $100,000 Tus. Elec. 5s. Of the $2,000,000 Canton- Including 15 snow-plows, 9 sweepers and 12 service cars. Carries express
Akron 1st m tges., $850,000 are reserved to retire the Canton-Masslllon and ligh t freight. Standard gauge.
bonds. Neither Issue subject to call. The Canton-New Philadelphia
ANN U AL R EPORT— Years ending June 3 th:
0
bonds may be called ns a whole at 105 and Interest on 3 m onths’ notice.
1909.
1908.
1909.
1908.
The Lake View L. A I. bonds mature $2,000 annually to 1915, when whole Gross c a m s - ..$2,003,179 $1,998,237 Total n e t----- $858,330
$839,774
Issue falls duo.
332,516 386,564
Opcr. exp ___ 1,300,931 1,305,446 Fixed Charges
D iv id e n d s. — Dividends were begun In 1906 by the declaration of 2% , N e t ...................
696,248
692,791 DIv___ * (4%) 500,000* (4%) 500,000
payable In Installments of A % from June 15 1900. V. 82, p. 1213. In Other Income.
25,814 e40,783
162,082
146,982 Balance, s u r ..
1907 2% was again declared, payable In quarterly Installments from June
Includes dividends payable July 1 1909 and July 1 1908, respectively.
15 1907. In 1908, June, J4%. R ate then reduced, and declared Sept.
* Deficit.
W%; D ec., 14% . In 1909, March, 1 4 % . Rate then again Increased, and
OFFICER S.— Pres., L. F. Lorcc, New York; 1st V .-P ., C. S. Sims; 2d
declared June, M%, Sept., J4%; D ec., H% .
V .-P ., W. H. Williams. New York: Sec. and Treas., James McCredle, Al
PLANT.— Including Canton Akron Consol. R y., operated on Jan. 1 1909 bany; Auditor, A. J. Glcs; Gen. Mgr., Edgar S. Fassett; Supt., Chas. H.
214.05 miles of track. Line extends from Cleveland through Akron, Can Smith; Traffic Mgr., Chas. H. Armatage; C om pt., W. H . Davies. Princi
ton, Massillon and New Philadelphia to Uhrlchsvllle In Tuscarawas County pal office, Albany.— V. 83, p. 1381; V. 84, p. 932, 1368, 1429.
with branches to Ravenna (via K ent), to Wadsworth (via Barberton) and
(1) Hudson Valley Railw ay.— A trolley road.
to East Gieenvllle from Massillon. Owns Lakeside Park In Akron and
In D ec. 1906 a majority of the stock and bonds was acquired by the
Meyers Lake Park In Canton. Also owns 1,011 acres ot coal land In Noble
United Traction Co of Albany. V. 84, p. 51.
County. Ralls, 50, 56, 70 and 80-lb. T and 73-lb. girder, standard-gauge;
ORGANIZATION.— Incorporated Aug. 15 1901 as a consolidation of the
operates 280 cars and 7 snow-plows and sweepers. Embraces electrlc-llght
Glen’s Falls, Sandy Hill A Fort Edward Street R y ., Warren County EIcctrle
systems of Akrqn and Barberton.
LATEST EARNINGS.— For 8 months ending Aug. 31 1909; Gross, R y .. Stillwater A Mechanlcvllle Street R y., Greenwich A Schuylervllle
Street R y. Co.. Saratoga Traction C o .,and Saratoga Northern R y .. the
$1,432,015; net, $ 647 275
,
;].lntcrest, $350,414; surplus, $296,861.
capital stock of these roads being exchanged for stock In the new company. Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street R y.
See “Chronicle.” V. 73, p. 391. Carries freight and express as well as Controls the Kutztown Light. Heat ft Power Co. Connects with United
passengers. 80% private right of way. F ranchises are all perpetual. Traction Co. tracks from Reading, thus forming a through line from Allen
, „
,, ,
Owns all the stock (5200,000) and all the bonds (5200,000) of the North town to Reading
STOCK AND BONDS.
D a te.
Interest. O utstan din g.
M a tu r ity .
River R y ., a road operated In Saratoga by this company.
$250,000
.... . .
In 1906 part of the consol. 5s were converted Into debentures In accor Stock. $750,000, $50..................................... ...............
1900 5 g J-J
250,000 July 1 1930
dance with a plan for the re-adjustment of the com pany’s finances. V . 82, First m ortgage, $250,000,1
gold. $100, $500 and $1,000 (Interest at Fidelity Trust Co., Phlla., Trustee
p 1040
In March 1906 created 52,500.000 preferred stock to provide for
First M K u tztow n * Flectw ’dl
1902 5 g J-J
200,000 Jan 1 1932
the convertible feature of the debenture " B s.” V . 82, p. 751.
$200,000,
„„ „„„ T , ,
STOCK AND BO N D S.—
D a te.
Interest. O u tstan din g.
M a tu r ity . First consol guaranteed p ft 1/
mtge 5750,0001
1902 5 g J-J
300,000 July 1 1032
53,000,000
.................
Common, 53,000,000, par 5100 ..............................
gold (5500 & $ l.0 0 0 )--c & r jln t.a t Integ.TItle Ins.& T r.C o.,P h lla./Iru s.
Preferred (52,500,000 ( s e e l ..................... ............. See text.
................
Loans and notes payable June 30 1908____________
61,785 .............. —
tex t), 5% non-cumulatlvej
B o n d s .— Of the $750,000 of new consols, $450,000 are reserved to retire
First consolidated mortgage) 1901 5 g J-J
2,222,000 July 1 1951 prior liens. They are subject to call at par after July 1 1917; no sinking
54.000. 000 (denomination in te r e st at Manufacturers’ N at. Bank. Troy. fund. The first m oitgage bonds are redeemable after July 1 1910 at par.
51,000 gold)__________ c+JMay be called at 110 ft Int. on any Int. date.
E A R N IN G S.— For year ending Dec. 31 1907, gross, $164,478; net, $52,
Collateral trust SG50,000____ 1906
5g
5500,000 Mch 11911
Deb. “A ” Income 5 7 0 0 ,0 0 0 ..- 1906
5g
474,000 Jan 11951 726. In 1906, gross, $175,063; n et, $73,912.
Deb. “ B’’ Income 52,500,000. 1906
2g
2,500,000 Jan 11951
RO A D .— Operates 39.60 miles main lin e ,7.50 miles sidings—to t a l,47.10
miles; 42 cars.
U nderlying L ien s —
G F S II ft F E first M (no op)l 1891
6 J-J
10 ,0 0July 11911
00
O FFIC E R S.— Pres., H. E.Ahrens, Reading: V .-P ., H.P. Roeper,
5500 and 51,000) gold___ c/Central Trust Co.. New York. Trustee.
Reading; Sec., S. K. Hoffman, Hamburg; Treas., Geo. B. Schaffer, Reading;
do
2d M (5500) g o ld ..c .f 1893
6 J-J
50,000 July 11913 Supt., W. J. Bear, Kuntztow n.— V. 81, p. 1492; V. 82, p. 216.
) Int. at Merchants’ N at. Bank, Glens Falls,
do
3d M (5150,000) . . . 1 1901
6 A-O
82,000 April 1 1921
(May be called at 100 on April 1 1902.
ALLIANCE, OHIO.
Still ft Mech first m o rtg a g e..) 1893
6 A-O
4 7 ,500 April 1 1913
(Bank ol D. Powers & Sons, Troy, N. Y ., Tr.
STARK ELECTRIC R R ,— An electric railroad.
do
do consol mortgage) 1898
6 A-O
202.500 April 1 1913
ORGANIZA TION.— Incorporated In Ohio and Is a consolidation In Deo.
525 0 .0 0 0 . . _________ IGlens Falls Trust Co. Glens Falls, Trustee.
1902 of the Alliance Electric R y. and the Stark Electric R y. Controls the
B o n d s. — Of the 54,000.000 mortgage of 1901, 5482.000 Is set aside for Salem ft Eastern Electric R y. The latter has no securities outstanding.
prior Hens and SI ,290,000 have been deposited as collateral for the collateral
STOCK AND BONDS—
D a te.
In terest. O u tstan din g.
M a tu r ity .
trust 5s. The debenture "B ” bonds are convertible Into preferred stock Stock $1,000,000 ($100).................................................. $1,000,000 O ct'09, 54 %
from March l 1908 to 1917, inclusive. Up' to June 1 1909 none had been First mort. $1,000,000 gold) 1903
5 g J-J
1,000,000 Jan. 1 1928
so converted. Collateral trust 5s are redeemable at par and Interest on
(Si 000) s 1
ejCM zens’ Sav. * Tr. Co.. Cleveland, Trustee.
30 days’ notice. Interest on the debenture "A” and “ B" bonds Is neither
jln t. at United Bank ft Sav. Cd., C leveland.
cum ulative nor obligatory.
B o n d s. — Can be called after 5 years at 105.
R EPO R T.— For fiscal year ending June 30 1909, gross, 5583,618; net,
D iv id e n d s. — First d lv., U % . paid July 1908: also M% Oct. 1908. In
51 11,842; fixed charges, 5225,419; deficit, 5113,577.
1909, Jan., U % ; April, H % \ July, V \% \ O ct., % % .
ROAD.— Main line extends from Troy northward along the Hud
EA R N IN G S.— For calendar year 1908, gross, $213,630; net. $115,785;
son through the villages and towns of W aterford, M echanlcvllle, Still in 1907, gross, $213,547; net, $119,086.
water, Schuylervllle, Tnomson, Fort Edward, Sandy Hill, Glens Falls
R O AD.— Operates 34 miles of track from Canton to Salem , lncl’idlng
and Caldwell to Warrensburg. The Saratoga D ivision, which branches oil Alliance City lines. Standard gauge. 67 and 70-lb. T rails and 70 and
the main line at M echanlcvllle. provides a line from Troy to Round Lake, 90-lb. girder rails. Total mileage. Including double track, 36 m iles.
Ballston Spa and Saratoga, with a branch from Saratoga Springs to Glens
O FFICERS.— Pres., C. R. Morley, Cleveland; V .-P ., David Morlson;
Falls, via South Glens Falls, which branch was completed In June 1903.
There Is also a branch line from Saratoga Springs to Kaydeross Park on Sec., E. S. Cook; Treas., E. WIebenson; A ud., A . J. Sampson; Gen, Mgr.,
Saratoga Lake and another from Thomson to Greenwich. I otal first track, F. L. Mowry.— V. 76, p. 973; V. 86 p. 1468.
112.06 miles; second track, 4.40 tn.: sidings, 9 m.; making a total of 125.46
miles of track. R ails, 60, 70 and 80-lb. T and 140-lb. girder.
Stand
ard gauge. Operates 94 passenger cars, 7 snow plows, 2 electric loco
AMSTERDAM, N. Y.
m otives and 7 express cars. Company owns Kaydeross Park, at Saratoga
AMSTERDAM
together w ith the Cuyadutta
Lake: Ondawa Park, between Greonwlch and Thompson. V. 83, p. 155, Electric R y .. was STREET RR.—This road, with the Fonda Johnstown ft
consolidated In D ec. 1902
213, 1098; V. 84, p. 51, 1366; V. 89, p. 286.
Gloversvllle R R . See statem ent of the latter In "Railway and Industrial
Section.”
________ ____________
ALLENTOWN, PA.
LEHIGH V A LLE Y TRAN SIT CO.— A trolley road.
ANDERSON. IND.
INDIANA UNION TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Indiana on June 0 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999 years. For terms
see that company below. In Dec. 1905 acquired the Indiana Northern
Traction Co., subject to $500,000 m tge., prln. and Int. of which Is guaran
teed bv Indiana Union Trac. Co. V. 81, p. 1848. In April 1900 acquired
entire com. stock (5500,000) of the Muncle Hartf. ft Ft. W. Ry. V. 82, p.
805, 869, 1041. In June 1906 leased that company, and In addition to op
erating exp., Int. on bonds, Ac., pays a rental equivalent to 5% on Its
$500,000 cumulative preferred stock. Sec V. 83, p. 90. In June 1906
C a p . stock. acquired the road of the Muncle & Union City Traction Co. from Union City
Owned. T otal issue
N am e or C o m p a n y —
..$ 1 5 0 ,0 0 0 $150,000 to Muncle. Owns the company’s entire $500,000 stock and guarantees Its
..
10,000
do
do
(preferred)
150,000 bonds, principal and Interest. V. 83, p. 96.
do
do
STOCK AND BONDS.
D a te.
Interest. O utstan din g.
M a tu r ity .
. . 275,000
300,000
.................
. . 69,300
70,000 Stock, $5,000,000 ($100)................................................$5,000,000
♦Chestnut Hill & Sr
mortgage $5,000,000) 1903 5 g A-O
1,250,000 July 11933
. . 50,000
50,000 First
Slatlngton Power C
<
$1,000) gold..................._ .c*tIn terest at Girard Trust Co., Phlla., Trustee.
100,000
. . 100,000
Indiana North Trac first m tge) 1903 5 g A-O
500,000 Oct 1 1933
..
All
(?)
$500,000 gold ($100, $500 (Interest at Trenton (N. J .) Trust & Safe De.
All
Allentown ft South Allentown Bridge C o __
(?)
and $1,000) guar.............. c*J posit Co., Trustee.
Lease of Bethlehem & Nazareth Passenger
_ Co.; lease Is for 999
M H & Ft W first mortgage) 1904 5 g J-J
979,000 Jan 1 1935
years at 5 % on stock and bonds.
$1,000,000 gold ($1,000)c*J Int. at Guard. Sav.& Tr.Co.,Clove., Trustee.
Lease of Quakertown Trac.; for 515,000 per annum.
ft Un C M $925,0001 1906 5 g J-J
925,000 July 11936
By ownership of a majority of the stock of the Allentown Electric Light & Mun
guaranteed gold ($ l,0 0 0 )c * /ln t. at Fidelity Trust Co., Phlla., Trustee.
Power Co. and all the stock of the Slatlngton Power Co., It controls the
B o n d s .—Of the $5,000,000 bonds of 1903, $3,750,000 are reserved for
business of the following light, heat and power companies;
extensions and Improvements, but can only be Issued when net earnings are
Allentown Electric Light ft Power Co.
Bethlehem Electric Light Co.
1 Leased to the Allentown Electric 1 Y times Interest charges on outstanding bonds over and above rental
paym ents to Union Traction Co. $80,000 of the $1,250,000 bonds out
South Bethlehem Elec. Light Co.J Light & Power Co.
are held In sinking fund. Sinking fund, 1M% per annum of outstanding
Slatlngton Power Co.
Citizens’ Elec. Light. Heating ft Power Co.) Leased to the Slatlngton bonds, became operative on July 1 1904. Fund Is to be Invested In the
bonds at not above 105 and Interest, and bonds may be drawn at 105
of Slatlngton and W alnutport_______ __ / Power Co.
and Int. on any Interest day. The Indiana Northern Traction bonds arc
• Property condemned and company s to liquidate.
subject to call at 105 and Interest on six weeks’ notice. V. 82, p. 805.
STOCK AND BONDS—
D ate.
In terest. O u tsta n d in g .
M a tu rity . The Muncle Hartford & Fort Wayne bonds can be called Jan. 1 1925, or
Common, $3,000,000, par 5 5 0 . ___
____
$3,000,000
g fu n d
bonds
of gross earnings
Preferred, 55,000,000. par $ 5 0 ] ___
______
________ after, at par. A sin k in 1 1905. on those 80, p. of 2 Y % $21,000 have been
5.000,000
per annum began July
See V.
1059.
5%, cum. after Nov 3 1910/
retired. The Muncle ft Union City bonds are subject to call after five
First mortgage, $5,000,0001 1905 4-5 g M-S
4,700,000 Dec 1 1935 years at 105: are guar., n. and l., by Ind. Un. Trac.
gold $1,000)__________ . . c j Guaranty Trust Co. New York, Trustee.
S to ck . — Listed on Philadelphia Stock Exchange In May 1905.
Consol mortgage, 57,500,000,1 1905 4-5 g J-D
2,040,000 Dec 11935
EA RNINGS.— For the calendar year 1908 were: Gross $1,002,330; net.
gold ($1,000) — .............. ..(L e h ig h Valley Tr. & S. D. Co., Allentown,Tr. $843,585; fixed charges. Including dividends on stocks of Union Traction of
Debentures 51,500,000 (51.-1 1909
6 g J-J
900,000 July I 1912
Indiana and Muncle Hartford ft Ft. Wayne R y ., $854,249; deficit, $10,664.
000) g o ld __________ ._c*jInterest at Brown Bros, ft Co., Phlla., Pa. In 1907, gross, $2,089,232; net, $978,034.
Quakertown Traction first Ml 1901 5 g M-S
300,000 Sept 1 1931
ROAD.— Besides the city lines In Marlon, Anderson, Muncle, and
$300,000 gold, $100, $ 2 0 0 ,(Int. at Commonwealth Tr. Co.. Harrisburg,
500, $1,000) — ................ c*j Trustee. Can be called at 105 and Interest Elvvood, owns an lnterurban road from Anderson (via Llnwood, A lex
andria, Sum mltvllle, Falrmount, Jonesboro, Gas City and Soldiers’
Beth & Nazar St R y stock................... .............. ..
150,000 5 % guar
Home) to Marlon, with a branch from Alexandria (via Orestes and Dundee)
5
M-N 150,000 May 1 1929
Bonds ......................................................
The Lehigh Valley Transit has agreed to guar, the Int. on 5500.000 bonds to Elwood, and from Elwood to Tipton: also an lnterurban line from
of the Allentown ft South Allentown Bridge Co. V. 85, p. 40. The latter Muncle, via Yorktown, Dalevllle, Chesterfield, Anderson, Pendleton,
Ingalls, FortvlHe, McCordsvllle and Lawrence, to Indianapolis; also an
have not yet been Issued.
lnterurban line from Logansport, via Kokomo, Tipton, A tlanta, Arcadia,
S to ck . — V oting T r u st. —Stock (both classes) was held In a voting trust Cicero, Noblesvtlle, Carmel, Broad Ripple, to Indianapolis, and from Peru
to r throe years from N ov. 3 1905. Trust then extended until Nov. 3 1911, to Kokomo; total track aggregates 210 miles of lnterurban and 50 miles of
trustees having the power to terminate the trust earlier. V. 87, n. 1011, city lines, standard gauge. Also a line from Anderson to Middletown,
1533. For amounts of these voting trust certificates listed on the Phlla. 1 miles, put In operation Aug. 1, 1905; likewise Ind. North. Trac. 20 miles
0
Stock Exchange, see V. 88, p. 823.
of track between Marlon and W abash,also Muncle Hartf. ft Ft. Wayne R y.,
B o n d s. —Of the $5,000,000 first m tge., $2,770,000 bear 4% Interest and 42 miles, from Muncle to Bluirton, via Eaton, Hartford City, Montpelier,
are all out and $2,230,000 are 5s. $300,000 of these bonds arc reserved Keystone and
and Mun.
Union City. 34 miles, from Union
to take up the 5300,000 Quakertown Traction bonds. Sec V. 82, p. 628. City to Muncle;Poneto 366 miles offttrack. Through cars are run between
total,
Interest at Browm Bros, ft Co., Philadelphia. Of the 57,500,000 consols, Indianapolis and Fort Wayne In conjunct!on with the F t. W ayne ft
$2,500,000 are 4s and the other $5,000,000 5s. The latter are reserved to
V.
Provides package freight
retire the first m tge. The first m tge. bonds are redeemable on any Interest Wabash Valley Traction Co. and 83. p. 1102. Indianapolis and Logans
Indianapolis
Muncle and
date, the 4s at 105 and the 5s at 110. Interest on the consol, bonds Is service between and to all other points on the system . Operates through
port and Peru,
payable at the company's office or at office of Brown Bros, ft Co.. Phlla. freight service between Indianapolis and Ft. Wayne. By contract until
These bonds are not subject to call. Debentures of 1909 subject to call Nov. 1933 cars are run over tracks of Indianapolis Street R y. In Indianap
at par and interest on any Interest date. V. 88, p. 1437.
olis. A large central power station, with necessary storage batteries, at
R O A D .—Owns 107 miles of road and 14.5 miles of second track, connect Anderson, operated on a three-phase system , with 19 sub-stations likewise
ing Allentown, Bethlehem, South Bethlehem, Hellerlown, Nazareth, equipped with storage batteries, operates entire system .
Siegfrieds, Coplay, Catasauqua, E gypt, Emaus, Macungle, Slatlngton,
EQU IPM EN T.—98 city cars, 81 lnterurban cars, 19 express cars and
Quakertown, Perkasle, Lansdale, Ambler and Philadelphia. Leases 10 112 service cars; total. 310.
miles and controls 10.5 miles through stock ownership. Total operated,
O FFICERS.— Pres , A. W . Brady, Anderson; 1st V .-P ., J. Levering
142 miles. A 1,700-ft. bridge between Allentown and South Allentown Is Jones, Phlla.; 2d V.-P , W. Kesley Schoepf, Cincinnati; Sec. and T reas.,
to be built by the controlled Allen, ft South Allen. Bridge Co.
Win. II. Forse Jr., Anderson; Gen. Mgr., H. A. NIcholl. General offices
REPORT.— For fiscal year ending N ov. 30 1908: Gross, $1,038,626; net. and transfer offices. Anderson, Ind.— (V. 83, p. 37, 99, 388; V. 86, p. 421
$177,386; fixed charges, $412,086; surplus, $65,300. In 1907: Gross, V. 87, p. 226; V. 88, p. 624, 879.
51,031,561; net, 5400,277: fixed charges, $360,262; surplus, $40,015,
(1) Union Tracfion Co. of Indiana.— A trolley road.
. ,
. ..
ORGANIZATION.— Incorporated May 28 1903 as a consolidation of the
OFFICERS.— Pres.. R. P. Stevens; V .-P ., John O. Dawson; Sec. and
T reas., Chas. N . Wagner; A ud., C. M. W alter.— V. 86, p. 795, 918; V. 87, Union Traction Company of Indiana (Incorporated on June 27 1899) and
the Indianapolis Northern Traction Co. (Incorporated In April 1902).
p. 1011, 1533; V. 88, p. 823, 1373, 1437.
On consolidation a 70% stock dividend was paid to Union Traction share
holders, calling for $3,500,000 additional common stock. V. 76, p. 1302.
ALLENTOWN & READING TRACI ION CO.— A trolley road.
Leased June 30 1903 to the newly formed Indiana Union Traction Co.
ORGANIZATION.— Incorporated April 25 1898, and leased the Allen for 999 years. The lease, as modified June 15 1904, provides for 5% on
town A'R eadlng Electric Street R y. for 290 years from June 4 1898. On Union Traction Co. pref. stock and divs. on com. ranging from 1% to 6%,
ORGANIZATION.— Incorporated In Pennsylvania on Nov. 3 1905 and
Is a reorganization under foreclosure of the Lehigh Valley T raction Co., the
Philadelphia & Lehigh Valley Traction, the Allentown & Slatlngton and
the Coplay Egypt & Ironton Street R y., as per plan In V. 79, p. 733. 1462.
Under agreement made In July 1907 cars of the Lehigh Valley Transit
have their Philadelphia terminal In the Philadelphia Rapid Transit station
at Chestnut Hill. V. 85, p. 09. In 1908 started through trolley freight
service between Allentown and Philadelphia.
Owns the following stocks and leases:
v * " ,745
**
based on gross earnings of all properties operated by lessee, except proper
ties leased after June 15 1904. V. 79. p. 2455. F ranchises arc generally
for 50 years.
,
. . .
The Indianapolis Northern Traction assumed paym ent of principal and
Interest of half ($200,000) of the bonds on the Broad Ripple fraction Co.,
and also half of the Intelest of the remaining $200,000 bonds for 10 years
from May 1 1903. See V. 78, p. 1107.
STOCK AND BONDS—
D ate.
In terest. O utstan din g.
,A/,
Common, $7,500,000 ($100)----------J J
nnn net& na’u £°
Pf, 5% , cum ,$1,000,000 ($ 1 0 0 ) -----5 A -0
Anderson Elec St 1st m tg. g \ 1892
6 g J-J
150,000 July 1 1912
$1,000 each).......... - ..........c /In t. at Farm. L. & T. Co., ir a stec . N . Y . C.
Citizens 1st m tg. $250,000, 1897
6 g J-D
n .lio n 7
s f, subject to call at 105 [Interest at Guar. Trust & Safe Deposit Co.,
,
denom $500 and $l,000.c*J I’hjlad1,lpllw \ T rU3tee~r o nnn
®
1 ioih
Marlon Cltv 1st inter, $ 4 0 0 . 1 8 9 5
0 & M-N
853,000 May 1 1915
000 gold ($1 0 0 0 )’ _____cjln ter e st at Trust Co. of Am erica, N . Y.
la te e n m tg $5 000,000, gold) 1899 5 g J-J
4,3 6 0 July 1 1919
6 ,0 0
(Si 000)
c& r*)lnt. a t Trust Co. of A m cr., N . Y ., Trustee.
Indianapolis' Nor" Trac 1st) 1902 5 g J-J
5 000.000 July 1 1 9 3 2
m tg $5 000 000, g ($1,000) .[Interest at Trust Co. of America, New York,
guar p and 1 by (Jn Trao.c*) Trustee.
„,
Stock an d B on ds.— Of the $5,000,000 general mortgage, $634,000 aic
reserved for underlying bonds. See V. 71. p. 1013. Common and prefstock and gen. mortgage bonds are listed on Philadelphia Stock E xchange1
Pref. stock Is redeem able after Dec. 15 1910 at par and unpaid dividends,
on 30 days’ notice.
„
„
,
„
.
D iv id e n d s. — Prof, stock of Union Tract. Co. dates from Jan. 1 1901.
First dlv. Oct. 1 1901 (for 9 m os., Jan. 1 to Sept. 30). 3 54 %; In 1902. 1903.
1904, 1905, 1906, 1007 and 1908, 5%. In 1909, April, 2H % ; O ct., 2 y $ % .
On com. have been: In 1903, July, 1%; In 1904, Jan., y2% \ July, 1% ;
1907, Jan., 14%; July, U % : 1908, Jan., 2-3%; then none (V. 87, p. 227)
to July 1909, when 'A % was paid.— V . 86, p. 1591; V.; 87, p. 227, 286.
STOCK AND BONDS—
D a te.
Interest. O u tstan din g.
M a tu r ity .
Common. $750,000 ($100).........................................
$532,500 .......... ...........
Preferred, 6% cum, $ 2 2 2 .0 0 0 - ____
_________
222,000 ---------------First mortgage $3,500,0001 1909
5 g J-J
1,000,000 July 1 1939
($1,000) gold__________ c* JInt. at Old Colony Trust Co., Boston, Trustee
Rem aining bonds m ay be Issued for additions and Improvements
under certain restrictions. A sinking fund begins In 1914 and continues to
and Including 1938. Bonds are subject to call on and after July 1 1914
at 105 and Interest on any Interest day on 30 days’ notice. V. 89, p. 846.
E A R N IN G S.— For cal. year 1908, gross. $265,212; net, $55,934; fixed
charges, $37,500; sink, fund, $7,500; other deductions, $3,837; surplus,
$7,097. In 1907, gross, $270,164; net, $72,375; charges, $51,691; surplus,
$20,684.
ROAD.— Operates 12.27 miles, standard gauge, In Asheville; In
cluding second track and sidings 14.16 miles; 33 cars.
O FFICER S.— Pres., J. E. Rankin; V .-P ., C. N . Mason, New York.
Sec. and Mgr., H. VV. Plummer; Treas., H. M. Francis, 62 Cedar S t., N . Y!
— V. 89, p. 410, 846.
ASHLAND, WIS.
ASHLAND LIGHT, POWER & STREET RAILW AY.—A trolley road.
On Feb. 13 1908 Ashland Power Co. was Incorporated In Wisconsin and
has been authorized by Wisconsin R R . Commission to Issue $50,000 com.
and $50,000 pref. stock and $300,000 bonds, for purpose, among other
things, of acquiring $200,000 stock of Ashland Light, Power & Street R y,
Co. Offices of former company are: Pres., C. D. Wright: V .-P ., Geo. F
Merrill; Sec., I, S. Smith; Mgr., A. E. Appleyard. V. 87, p. 479.
ORGANIZATION.— Chartered In Feb. 1896 as successor to Ashland
Lighting & Street R y. Owns exclusive electric light and gas rights In city ,
and bonds cover lighting plant. Has acquired the W hite River Pow erC o.,
whose bond Issue has been canceled. V. 88, p. 1559.
STOCK AND BONDS— D a te.
Interest. O u tstan din g.
M a tu r ity .
Stock, $300,000 ($100)..............................................
$200,000 .....................
1st mortgage, $1,000,000 g f 1909
5 g J-J
380,000
Jan 1939
ANDERSON, S. C.
($ 1 ,0 0 0 )_____________ c& rjln t. at Chic. Sav. Bk. & Tr. Co., trustee.
ANDERSON TRACTION CO.— A tio lley road.
1 (Leverett Thompson of Chic, co-trustee.)
R eceiversh ip. — On March 4 1908 Judge Klugh at Abbeville, S. C., in the
B o n d s. — Subject to call on any Int. day at 104 In and after 1914. Sinking
State Court appointed Edwin VV. Robertson of Columbia and Robert E. fund of 1% of bonds out begins 1912.
Llgon of Anderson receivers on application of Anderson Machine & Foundry
E A R N IN G S.— Fiscal year ending May 30 1909, gross, $78,216; net, $35,
Co. (V. 86. p. 601) but on April 16 1908 Federal Judge Prichard at Asheville 845. Year ending May 31 1908, gross, $78,849; net, $21,507.
took Jurisdiction on complaint of International Trust Co. of Maryland and
R O A D .— Operates 7 miles of trolley track.
named the two receivers above together with Frank R . Frost. V. 86, p. 1158.
O FFICER S.— Pres., J. C. Chappie; Treas., G. F. Merrill.— V. 87, p. 470;
Road was to be sold Oct. 12 1009.
V. 88, p. 1559.
ORGANIZATION.— Incorporated In South Carolina In 1904. Company
Is understood to have created a mortgage for $163,000 to International
ASHTABULA, OHIO.
Trust Co. of Maryland. None of the bonds Issued, however. In March
1909 $150,000 pref. stock was being oircred with a view to ending receiver
ASHTABULA RAPID TRANSIT CO.
ship and building a 9-m llc extension. V. 88, p. 747. None of this stock Is
In Feb. 1907 control of this road was acquired by L. A. R obison. Pres,
out.
STOCK AND BONDS—
D a te. D lv . R ate %. O utstand'g. iM S tD lv d . of the Penn. & Ohio R y ., and associates. In Aug. 1907 stock was Increased
Stock. $280,000 ($100)................................................
$163,000 ............ ......... from $150,000 to $500,000.
ORGANIZATION.— Chartered Oct. 7 1890.
ROAD.— Operates 8 miles of railroad In and around Anderson, together
STOCK AND BONDS—
D a te.
Interest. O u tstan din g.
M a tu r ity .
with a 10-mlle extension to Belton. Total track, 18 miles.
It Is planned Stock, $500,000 .................................................. .........
$500,000 .....................
further to extend the road to Greenville, S. C.
1st m tge, $75,000, gold,] 1891
6 g J-J
75,000 July 1 1911
O FFIC E R S.— Pres, and Trcas., Robert E. Llgon.— V. 82, p. 99; V. 83,
($1,000) ___________ c*& rjlnt. at Central Trust Co., Trustee. N . Y. C.
p. 93; V . 86, p. 601, 1158; V. 88, p. 747; V . 89, p. 102.
2d m tge, $500,000....................... 7 1907
5 M-S
175,000 Sept 15 1927
l Citizens' L. & T. Co., Cleveland, trustee.
B o n d s. — $75,000 2d m tge. bonds are reserved for prior liens and $250,000
ANNISTON, ALA.
arc In treasury of company.
ANNISTON ELECTRIC & GAS CO
E A R N IN G S.— Year ending Dec. 31 1908. gross, $58,737; net, $20,336;
ORGANIZATION.— Incorporated In New Jersey In 1899 to take over
RO A D .— Operates 5 miles of track on 5 miles of street.
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
OFFICER S.— Pres., L. A. Robison, Pittsburgh; Treas., E. W . Savage,
August 1899; also acquired a t receivers’ sale the Anniston Gas & Light Co. Ashtabula; Sec., Wyn B. Morris, Pittsburgh; Gen. S u p t., Palmer WardGeneral Electric Co. Interested.
„
man, Ashtabula.— V. 85. p. 468.
STOCK AND BONDS—
D a te .
In terest. O utstan din g.
M a tu rity .
Stock, $250,000 ($100)............ $250,000 - - - - - - - - -
PENNSYLVANIA & OHIO RY.— A trolley road.
„
1st m tge, $300,000 ($100,1 1899
5 g J-D.............. 300,000 Dec 1 1929
The same Interests control the Ashtabula Rapid Transit Co. It Is
$500) g o ld ....................... -c * jln t. at Balt. Safe Dept. & Tr. Co., Trustee. planned to merge the two roads.
B o n d s. — Entire Issue may be called after 5 years at 105 and Interest.
ORGANIZATION.— Incorporated March 17 1898. In April 1908 con
S ln k ln o fu n d of 1 % of bonds outstanding becomes operative on Dec. 1 trol was purchased by L. A . Robison. Gen. Pass. A gt. of Plttsb. & Lake
1905, but to be available for bond redemptions only If the money cannot be Erie R R . See V. 82, p. 929. 987.
advantageously employed "for the acquisition of permanent extensions
STOCK AND BONDS—
D a te.
Interest. O utstan din g.
M a tu r ity .
$1,300,000 .....................
Stock ($100) ,$1,600.000 auth ..............................
0nKAaR N IN G S.— For calendar year 1908, gross, $131,207; net, after taxes, 1st mtge $600,000
gold,] 1901 5 g M-S
600,000 Mch 15 1921
$38,888; fixed charges, $15,000; other deductions, $11,732; surplus, $12,156.
$500 each_____________ c*JInt. at Citizens’ Sav. & Tr. Co., Clev., Trus.
In 1907, gross, $146,399; net, after taxes, $49,155; fixed charges, $21,162; JelTerson Division ($500),] 1902
5 g M-S
100,000 Mch 15 1922
surplus, $27,993.
$100,000.................................. JInt. at Citizens’ Sav. & Tr. Co.. Clev., Trus.
R O AD.— Operates 10 miles of road from Anniston to Oxford Lake, In Gen. m tge., $900,000, gold] 1906
5 g M-S
200,000 Sept 15 1926
cluding 5 miles of track on city streets.
($ 5 0 0 )...................................c jln t . at Citizens’ Sav. & Tr. Co.. Clev., Trus.
O FFICER S.— Pres., S. Z. M itchell, New York; V .-P ., J. D . Mortimer;
B o n d s. — Of the new gen. m tge. bonds, $700,000 are reserved to retire
Sec. and T rcas., H . M. Francis, New York; Gen. Mgr., R . I,. Rand, prior Hens.
A nniston.— V . 68, p. 928; V. 69, p. 283.
EA R N IN G S.— For calendar year 1908, gross, $112,664; net. $49,738.
In 1907, gross, $122,742: net, $60,475.
RO A D .— Owns and operates the Conneaut city line, 4 m iles, and has
ASBURY PARK, N. J.
built westward from Conneaut to Kingsville & Ashtabula, 14 m iles, and
ATLANTIC COAST ELECTRIC RY.—Trolley.
south from Ashtabula to JelTerson, 10 miles; total, 28 miles. A through
ORGANIZATION.— Incorporated In New Jersey on Dec. 8 1905 as line between Cleveland, O., and Buffalo, N . Y ., Is now In operation, of which
successor to the Atlantic Coast Flee. Railroad Co., sold under foreclosure of this road forms a part.
_
OFFICER S.— Pres., L. A. Robison, Plttsb.; Sec. and Treas., W . B,
the general mortgage of the latter. Leases the Seashore Electric R y. of
Asbury Park until June 6 1937 at $10,000 per year and owns $150,000 of the Moiris, Plttsb.; Gen. Su pt.. Palmer Wardman. Office at A shtabula.—
$200,000 total capital stock of latter company (making net rental $ 2,500), V. 82, p. 929, 987.
__________ ___________
and owns all of the stock of the West End & Long Branch R y . and of the
Asbury Park & Sea Girt R R ., the former Is leased from Aug. 3 1896 until
ASTORIA. OREGON.
July 17 1945 at a nominal rental, and the latter for 99 years at 6 % on stock
from Aug. 27 1898; both stock and bonds of Asb. Park & S. G. are owned.
ASTORIA ELECTRIC CO.— A trolley road.
Also entire stock ($100,000) of the A tlantic Coast Electric Light Co., which
ORGANIZATION.— Incorporated In Oregon March 12 1901, and Is a
supplies the electric lights of Asbury Park. Allenhurst, Bclmar, Ocean
Beach Como and Spring Lake. The Seacoast Traction Co. (capital reorganization of the Astoria Street R ailway, sold at foreclosure on July 2
$100 000) running from Bclmar to Spring Lake, 2 miles, has been leased 1900. In March 1902 acquired the West Shore Mills Co. electric light plant
to tlie A tlantic Coast Electric R y. for 99 years; Its stock and bonds arc and also the Astoria Gas Light Co. Now does all the electric power,
owned
F ranchise In Bclmar expires In 1947; In Asbury Park In 1937; In electric light and gas business of Astoria, and also has city contract.
STOCK AND BONDS—
D a te.
In terest. O utstan din g.
M a tu rity .
Long Branch some expire In 1045 and others are perpetual; In Ocean Town
$300,000
.................
ship? perpetual; In Sea Girt, expire In 1915, 1026 and 1056 franchises of Stock, $300,000 ($100)............- ...............................
1st m tge., $150,000 ($500)___ 1902
6 A-O
150,000 April 1 1922
Seacoast Traction Co. are perpetual.
Security Savings & Trust Co., Portland, trustee.
D tv . or
B o n d s. — Subject to call at any time at 105.
STOCK AND BONDS.—
D ate.
in te re st. O utstan din g.
M a tu rity
EA R N IN G S.— For calendar year 1908, gross, $115,852; net, after taxes.
------£ .
In iOOfl 3%
Stock $1,000,000 ($100).....................
1st mertgage gold $1,000,-1 189.> 5 g M-N
800,000 May 1 194o $39,934; fixed charges, $9,000; surplus, $30,934.
R O A D .— Operates 5 m iles of track and 10 cars.
Ooo
JInt. at Knickerbocker Tr. Co., N . Y ., Trus.
OFFICER S.— Pres., S. Z. Mitchell, New York; V .-P . S. S. Gordon,
Gen m tge"$l,000?0'dd gold] 1906 5 g J-J
1,000,000 July 1 1945
($1 000) ................................ ojInterest at Central Trust Co., N. Y ., Trustee. Astoria; Treas., A. E. Sm ith, N . Y.; Sec. & Mgr., D . F. McGee.
Seashore El R y s to c k ............................
.......
2 S?
Seashore Electric Ry l s t f 1802 6 g J-J
200.000
1917 ATCHISON, KANSAS.
mortgage $200,000 .............. ] Int. at Seacoast Nat 1 Bank, Asbury P k .,N .J
l Subject to call at 105 In 1897.
ATCHISON RY. LIGHT & POWER CO.
, . „
A tlantic Coast Elec Lt 1st) ___
5 J-D
241,000 June 1 1945
ORGANIZATION.— Successor In 1895 of the Atchison Ry. Elec. L & P.
mtge $500,000 gold. Sub- Int. at Asbury Park & Ocean Grove Bk.,
railway, lighting and gas properties of A tchison.
Ject to call a t 105 In 1901 - J
Asb. Pk. Morton Tr. Co., N . Y ., trustee. Co. Controls electric D S—
STOCK AND BON
D a te.
Interest. O u tstan din g.
M a tu r ity .
B o n ds.— Of the $1,000,000 firsts, $200,000 are reserved to retire a like
_______
$500,000 ---------------amount of Seashore R y. (is, subject to call at 105 In 1897. Entire bonds Common, $500,000__________ _____
Preferred, 7% , $400,000....... ........................ ...........
400.000 ? eP te,x V „ ,.
and stock of the Asbury Park & Sea Girt ($50,000 each) and the Seacoast Atch Ry Lt & Pow 1st m tge.) 1895
6 g J-J
150,000 July 1 1915
Traction Co. ($100,000 c .eh) are deposited under the new general mortgage
gold, $ 1,0 0 Int. at Exch. [Trustee, Mercantile Trust Co., New York
0,
ROAD.— Belt I Ine In Asbury Park and extends from Asbury Park
N at Bank, Atchison--------- J City.
through Long Branch to Pleasure B ay, about 24 miles, of which 10.12 miles
D ivid en d s. — Seven per cent per annum Is being paid on preferred stock.
Is over private lig h t of way; V. 66, p. 616. Also from Asbury Park to
E A R N IN G S.— For 12 months ending Dec. 31 1908, gross, $188,109;
Sea Girt, about 9 miles, single track. Connects a t Pleasure Bay with the net, after taxes, $51,451. In 1907, gross, $182,202;net, $52,843.
New York & Long Branch Steam boat Co.
ROAD.— Operates 8H miles of track.
REPO R T.— Years ending D ec. 31:
O FFICER S.— Pres., W. P. Waggener; V .-P ., B. P . VVaggencr; Treas.,
1908.
1907.
1906.
1905.
1904
W . W. Hethcrlngton; Gen. Mgr., J. W . W aggener.— V . 81, p. 1099.
Gross earnings..................... $343,056 $305,465 $289,831 $267,395 $231,142
Operating expenses--------- 164,345 139,002 111,222 121,808 118,387
N et earns, from oper---$178,711 $166,463 $178,609 $145,587 $112,755
In 1908 fixed charges were $119,601, leaving a surplus of $59,110.
OFFICERS.— Pres., S. F. Hazclrlgg, N . Y.; Trcas., H. H. Rogers Jr.;
S ec., G. B. Cade; Su pt., C E. Hcrcth.— V. 81. p 974. 1435, 1722.
ASHEVILLE, N. 0.
ASHEVILLE ELECTRIC CO.
,
ORGANIZATION.— The Asheville Electric Co. Is a consolidation of the
Asheville Street R R ., the Intermontane R R ., the Asheville & BUtmore St.
Ry. fc Trans. Co. and the Asheville Electric Co. Owns Riverside Park,
ATHENS, GA.
ATHENS ELECTRIC RAILWAY.—A trolley road.
ORGANIZATION.— Purchased road at foreclosure sale In June 1894.
New charter granted June 1895. Has contract to furnish arc lights to city;
also Incandescent lamps to private parties. F ra n ch ises perpetual. Uses
water power for generating electricity. In Oct. 1901 purchased the prop
erty of the Tallassce Power Co. In N ov. 1902 began operating two
power stations driven entirely by water wheels, and affording 2,250 horse
power. In 1906 completed a steam power plant of 1,000 h p. and made
other additions to the generating equipm ent. In 1908 added 1,500 h. p. tq
generating station.
STOCK A N D BONDS— D ate
Interest. O utstan din g.
M a tu r ity .
Stock, common, $226.000.......................................
$225,000 J u ly ’00,5%
Stock, pref, 6% cum, $<50,000------0 J-J
50,000 J u ly ’09,3%
f 1896
6 g J -J
12,000 July 1 1016
1st M, $100,000, tf ($500) - . « ) Columbus Savings Bank. Columbus, Ga.,
t Trustee. Interest at Columbus or Athens.
New 1st m ortgage, $400,0991 1001
0 g A-O
3.18,000 Oct 1 1031
($1,000), gold_________ o*{lnterest a t Title Guar. & Tr. Co., A tlanta,
l Trustee, or Old Colony Trust Co., Boston.
B o n d s. — Of the new bonds, entire Issue, but no lesser part, may be called
on and after Oct. 1 1011 at 106 and Interest; $12,000 reserved to take up
old bonds: remaining $50,000 can only be Issued for future extensions and
additions to t.wo-thlrds of the actual coat. See V. 73, p. 1311.
S to ck . — Pref. stock In subject to call a t 110 and accumulated dividends.
Pref. stock can only be Increased with the consent of three-fourths In amount
of existing pref. stock. First dividend on common— 2)5% — was paid
Jnly 1 1996; In 1907, 5%; 1908, 5%; In 1909, Jan., 2H% I July, 3% .
R E PO R T .— Cal. year 1908, gross, $128,423; net, $72,273; charges,
$$3,774: surplus, $38,499.
ROAD.— Owns 7.4 miles of track; 40-lb., 60-lb. and 70-lb. T rails and
70-lb. girder; 12 motor cars; lighting and power plant, 4,750 h. p.
O FFICERS.— Pres., J. Y. Carlthers; V .-P .. VV. S Holman; Sec. and
Trcas., VV. T. Bryan; Gen. Mgr. and Purchasing Agent, C. D. Flanljren:
Auditor, C. D . Cox; Gen. Su pt., C. L. Proctor.— V. 83, p. 154; V. 88,p. 1618.
OFFICER S.— Pres., W m. A. Stem ; V .-P ., Charles Evans; Sec., J. M.
Campbell; Treas., Milton J. Greenebaum; Gen. Su pt., J. N. Akarmun.—
V. 85, p. 158; V. 86, p. 1099; V. 88, p. 686.
(1) Atlantic Cltv & Ocean City Company.
The A tlantic City & Ocean City C o m p a n y was organized In Delaware
and owns the entire ($180,000) stock and all the ($180,000) bonds of the
A tlantic City A Ocean City R R ., and has pledged them as security to r the
collateral trust bonds below. Of the common stock of the A tlantic City A
Ocean City C o m p a n y. $218,500 Is owned by the A tl. City A Shore R R . The
latter leases the A tl. City A Ocean City R R . for 909 years, the rental be
ing $19,000 per annum, and an additional contingent sum equal to 33 1-3%
of the net earnings, but not to exceed $25,000 per annum, which shall be
applicable to dlvs. on the pref. stock of the A tl. City & Ocean City C o m p a n y.
A Philadelphia banking house oflored some of the bonds for sale In July 199*
with a bonus of 30% In pref. stock. V. 87, p. 165.
STOCK A N D BONDS—
D a te.
In terest. O utstan din g.
M a tu r ity .
Common $350,000---------------------------------$220,000 __________
Pref 6 % non-cum $250,000.......................................
175,000 .....................
Collateral trust gold $500,-1 1907
6 M-S
350,000 Mch 1 1947
000 redeemable 110 & lnt.-JG Irard Trust Co., Philadelphia, trustee.
S lo ck . — The pref. stock Is redeemable at par on and after March 1 1910.
R O A D .— The A tlantic City & Ocean City R R . owns 2.02 miles of road
from Somers Point, across Great Egg Harbor Hay, on bridge and trestles,
to Ocean City. R alls, 85 lbs. V. 85, p. 158, V. 87, p. 165.
ATLANTA, GA.
ATLANTIC & SUBURBAN RY.
GEORGIA RAILWAY & ELECTRIC CO.
ORGANIZATION.— Incorporated In New Jersey Dec. 4 1908 as a re
ORGANIZATION.— Incorporated In Georgia on Jan. 28 1902, and on
April 1 1902 took over the Atlanta R y. & Power Co., the A tlanta Rap. organization of the Atlantic City & Suburban Traction Co., sold under fore
Tran. Co., the Georgia Elec. Light Co. and the A tlanta Steam Co. F r a n closure of 1st m tge. V. 87, p. 1237, 1532.
chise perpetual. Comprises the street railway, electric light, gas, power
STOCK AND BON D S—
D a te.
Interest- O utstan din g.
M a tu r ity .
and steam -heating Interests of Atlanta and Fulton County. Uses power Stock, $650,000.............. ...................................................
$150,000 .....................
supplied by the Atlanta Water & Electric Power Co. from the latter’s plant First mortgage,
$650,0001 1909
4 g F-A
650,000 Aug. 1 1929
at Bull Sluice on the Chattahoochee River, 15 miles from A tlanta—sec
($ 1 ,0 0 0 )_______________c*JInt. at Cambridge Tr. Co., Chester P a ., Tru*
V. 79, p. 153, 2149. By terms of the ordinance permitting consolidation
Of the $650,000 bonds, $500,000 were Issued In exchange for the $500,000
the company paid the city of A tlanta $50,000 In cash, and agrees to pay a
tax on gross receipts of 1 % for flrst 3 years, 2 % for the next 20 years and first 5s of the old company, the remainder to provide for new equipment
3% thereafter. V . 74, p. 3 9 7 ,727. Has contract with the city for street light and working capital. Bonds have no sinking fund. V. 87, p. 1237.
ROAD.— Operates 16.13 miles of track from Atlantic City to Pleasanting for 5 years from April 1 1908 a t $60 per arc per ann. In Oct. 1902 both
vllle, Somers Point and Absecon. Standard gauge. 80-lb. T rail.
pref. and com. stock were listed on Boston Stock Exch. V. 75, p. 849.
O FFICER S.— Pres., Robert Wetherlll; Treas., Richard Wetherlll; Sec.,
In June 1903 acquired the entire capital stock ($600,000 6% preferred
and $1,014,625 common) Of the A tlanta Gas Light Co., comprising the gas Chas. E. Hendrlxson, all of Chester, Pa.; Su pt., R . A. Cale, Pleasantvllle,
business of Atlanta and vicinity, by exchange of stock, dollar for dollar. N . J .— V. 87, p. 872, 1237, 1299, 1532; V. 88, p. 881.
V. 76, p. 1406. The gas com pany, however, maintains a separate organiza
tion . Through this exchange, United Gas Improvement acquired a sub
stantial Interest In the Georgia R ailw ay & Electric.
AUBURN, N. Y.
In April 1909 Ga. R R . Comm, sanctioned the Issue of $1,250,000 ref. &
AUBURN & SYRACUSE ELECTRIC R R .—A trolley road.
ext. m tge. bonds. V. 88, p. 1127.
M a tu rity .
STOCK A N D B O N D S—
D a te.
Interest. O utstan din g.
Is 'one of the roads of the Beebe syndicate, controlling the Rochester
Q-F
$8,514 ,600 A ug20'09,1
Common ($100)_____________ _____
Syracuse & Eastern the Syracuse Lake Shore A Northern, the Syracuse
Preferred 5 % n o n -c u m u la tlv e )____
5 QJ
2,400,000 Oct ZO 'O Q .m
& South Bay Electric, the Auburn & Syracuse Elec, and the Auburn A
$2,400,000 (par *100).......... I
Northern Electric.
Ref A Imp mtge $20,000,0001, 1909
.
_ .
.
5 g J-J
1,000,000 Jan 1949
ORGANIZATION.— Organized Sept. 30 1902 as a consolidation of the
gold ($1,000)...................- .c / I n t . at Amer. Trust Co., Boston, Trustee.
First cons mtge $11,000,0001 1902 5 g J-J
5,980,000 Jan 1 1932 Auburn City R y. and Auburn Interurban Elec. R R . F ra n ch ises perpetual.
STOCK A N D BO N D S.
D a te.
Interest. O u tsta n d in g . M a tu r ity .
gold sink fund ($ 1 ,0 0 0 )..c*JInterest at Old Colony Trust Co., Boston, Tr.
A tlanta Street Railroad first) 1890 6 g J-J
225,000 July 1 1920 Common $1,250,000 ($100).......................................... $1,250,000 .....................
6 Q-J
700,00#!O ctl5'09,l )4
mortgage gold (par $1,000) ^Interest payable In New York at 4th N at. Bk. Prf 6 % n cum $750,000($109) ____
Auburn A Syracuse flrst andl 1902
5 g A-O
1,425,000 Oct 1 1942
J
Central Trust Co., N . Y ., Trustee.
refunding mortgage $2,-}Intercst at N . VV. Harris & Co., New York.
Atl Cons St R y 1st cons M $2,-1 1899 5 g J-J
2,125,000 Jan 11939
_
500,000
g ($1,000 each) subflnterest payable In N . Y. at N . Y . Trust Co. 000,000 gold ($1,000)_ c ‘ JTrust Co. of America, New York, Trustee.
B o n d s. — Of the $2,000,000 authorized, $575,000 Is reserved for future e x
to call aft 5 yrs at 107)5_c‘ Jand at Mcrc.Tr.A Dep. Co., of B alt., Trustee.
Georgia Elec Lt Co 1st M $2,-1 1900 5 g J-J
1 ,350,000 July 11930 tensions, but only when net earnings arc double lnt. charges; subject to call
000,000 gold. Subject to lln tc r est at Old Colony Trust Co., Boston, at 110 and Interest on or after Oct. 1 1012. See V. 75, p. 1201
D iv id e n d s. — First dividend on preferred stock— 1 %— paid N ov. 1 1904,
call In 1905 at 105________ J Trustee.
Atlanta Gas-Light Co, 1st M,f 1897
5 g J-D
1,150,000 June 1 1947 then 1% Feb. 1 1905, May 1 1905 and Aug. 1 1905; N ov. 1 1905. 1 \( %
$1,150,000, gold ($l,000)c*( Interest at New York Trust Co., Trustee, or paid. (See V. 81, p. 1609.) In 1906, 5 )i% ; In 1007, 6%; In 1008, 6%.
In 1900, Jan., 1 )4%; A pr., 1 )4%; July, 1 )4%; O ct., 1 )4%.
( Bank of Scotland, London, England.
Stock a n d B o n d s. — Of the $8,514,600 com. stock reported outstanding,
E A RN IN G S.— For year ending June 30 1009, gross $410,453: net>
$495,200 Is held In treasury. Of the $11,000,000 Georgia R y. A Elec.bonds, $42,568; fixed charges, $69,500; dividends, $42,000; surplus, $31,068.
(closed m tge.) of 1902, $4,000,000 are reserved to retire underlying liens.
ROAD.— Operates about 37 m iles road (55 miles of track). Including
Are subject to call on any lnt. date after Jan. 1 1907 at 110 and accrued lnt. 13 miles In Auburn and 24 miles from Auburn to Syracuse. Has trackage
A sin k in g fu n d became 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 agreem ent w ith Syracuse Rapid Transit, allowing It to enter that city.
1916, Inclusive, and $50,000 per annum thereafter. See V. 74, p. 629, 727. Owns Lake Side Park, about 33 acres, on Lake Owasco; 48 cars.
OFFICERS.— Pres, and Gen. Mgr., C. D. Beebe; V. P ., H. S. Holden;
A sin k in g fu n d of $6.60 per $1,000 bond on the Atlanta Gas Light Co. bonds
Is operative. A sin k in g fu n d of $25,000 per annum Is also operative on the Treas., VV. A. Holden; Sec., A. M. Michael.— V. 81, p. 1609.
underlying bonds of the Atlanta Consolidated Street R y. Of the ref. & ext.
m tge. bonds, $250,000 arc In the treasury, $11,230,000 are reserved to
retire prior liens (Including the $400,000 Atlanta & Northern bonds) and
AUGUSTA, GA.
$7,520,000 for extensions and Improvements up to 75% of actual cost.
AUGUSTA & COLUMBIA RY.
Bonds are subject to call on 50 days’ notice at 105 and lnt.; a sink, fund of
1 % of bonds out begins In 1910. Sec V. 88, p. 158, 505, 1196; V. 89, p. 410.
ORGANIZATION.— Incorporated for the purpose of effecting a consoli
D iiid e n d s . — Five per cent per annum Is being paid on preferred stock. dation of the Augusta-Alken Railway & Electric Co., North Augusta Land
On common, Aug. 1905, 2%; Feb. 1906, 2%; May 1906, 1)5% (V. 82, Co.. North Augusta Hotel Co., Augusta Railway & Electric Co. and North
p. 1010); Aug. 20. 1H % - In 1907, Feb. 20. 1 )5 %; May 20. 1 ) 4 % and Augusta Electric & Improvement Co. Will comprise lines In and between
stock dlv. of 33 1-3% (V. 84. p. 803): Aug. 20, 1)5% ; Nov. 20.1)4% In Augusta, Ga., and Aiken, S. C. The new company also contemplates an
1908, 6%; In 1909, F eb., 1)4% ; May, 1)4% ; A ug., 1)4% .
extension from Aiken to Columbia, S. C. Details not available.
R E PO R T .— See report for 1908 In "Chronicle” of Feb. 27 1909.
AUGUSTA-AIKEN RAILWAY & ELECTRIC CO.
C a l.
Gross
N et
F ix e d
P r e f .(5 % )
Com m on
B alance,
The Augusta A Columbia R y. has been formed to take over the various
Y e a r — E a rn in g s. E a rn in g s. Charges.
D lv .
D iv id e n d .
S u rp lu s.
1 9 0 8 .. .$3,339,021 $1,689,027 $833,401 $120,000 (6%) $510,876‘ $258577 properties controlled. V. 85. p. 220.
1 9 0 7 .. . 3,309,341 1,646,059 784,675 120,000 (6%) 428,448 312,936
ORGANIZATION.— Incorporated on Jan. 3 1903 under the laws of New
1 0 0 6 .. . 2,894.024 1,467,073 635,637 120,000 (6)4) 390,949 320,487 Jersey. Owns $998,400 of the $1,000,000 stock of the Augusta Railway A
i ‘ After allowing for $29,604 dividends received on treasury stock and Electric Co., $970,400 (out of $1,000,000) of the common and $482,400
$4,223 received on miscellaneous stock.
(total Issue $500,000) of the preferred stock and $244,000 of the bonds of the
R O AD.— Operates 166.222 miles of track.
North Augusta Electric & Improvement Co., which latter company controls
OFFICER S.— Chairman of Board, H . M. Atkinson; Pres., Preston S. the Augusta A Aiken Railway Co., the North Augusta Hotel Co. and the
Arkwright: V .-P ., Treas. and Gen. Mgr., G. W . Brine; Sec. and Mgr. R y. North Augusta Land Co.
D ept., W. H , Glenn.— V. 88, p. 158, 505, 560, 1 0 6 1 ,1127, 1196; V. 89,p.410.
STOCK AND BONDS.
D a te .
Interest. O u tstan din g.
M a tu r ity .
Common $1,*00,000 ($100)....................................... .. $1,446,000 .....................
(1) Atlanta Northern Railway Co.— A trolley road.
777,918 __________
ORGANIZATION.— Entire stock Is owned by the Georgia Railway & Pref ($800,000) $100 5% cum .....................................
Collateral trust $3,000,0001 1903
5 J-J
1,244,000 Jan 1 1953
Electric Co., which guarantees the bonds.
gold ($1,000)__________ c ‘ j ln t . at International Tr. Co., B alt., Trustee
STOCK AND BONDS.
D a te.
In terest. O utstan din g.
M a tu r ity .
Bonds.— Are convertible after five years at option of holder, and subject to
................
$100,000
Stock, $100,000.....................................
First mortgage $400,000 guar) 1904
5 g J-J
400,000 July 11954 call on any Interest day on 60 days’ notice at 105 and Interest; $2,000,000
($500 and $1,000) gold--C */Interest at Old Colony Tr. Co., Boston, Trus. reserved to retire prior liens, of which $273,000 have been exchanged.
B o n d s. — Are guaranteed, principal and Interest, by endorsement, by the
R EPO R T .— Consolidated profit and loss statem ent for 6 months ending
Georgia Railway A Electric Co. Are subject to call on any Interest date June 30 1905: Augusta R y. A Elec., (98.44% of $32,252), profit, $31,748;
after July 1 1909 at 110 and Interest. A sin k in g fu n d of $5,000 per annum Augusta & Aiken R y., loss, $116; Augusta-Alken R y. & Elec, (after allow
begins after 1909
See V . 79, p. 680.
ing for all charges), loss, $16,109; North A ugusta Elec. A Im p., loss.
EA R N IN G S.— In 1008, gross, $112,821; rnet, $29,072; charges and $13,501; North Augusta Hotel Co., loss, $10,104; North A ugusta Land Co.,
taxes, $24,971; surplus, $4,101. In 1907, gross, $138,523; net, $45,510 loss, $1,592; combined result, net loss, $9,674.
charges and taxes, $25,372; surplus, $20,138.
OFFICERS.— Pres., VV. T. Van Brunt, New York; V .-P ., James U.
ROAD.— Operates 15 miles of track from Atlanta to M arietta, m ostly on Jackson; Gen. Mgr., James R. League; Sec. and Treas., Chas. C. Tegethoff.
private right of w ay. Commenced operation July 17 1005.— V . 79, p. 680. — V. 81, p. 1722, 1790; V. 82. p. 90; V. 85, p. 220; V. 86, p. 1099.
ATLANTIC CITY, N. J.
ATLANTIC CITY & SHORE RR.— An electric road.
ORGANIZATION.— Incorporated In New Jersey Oct. 21 1905 with a
perpetual charter. Leases Atlantic City & Ocean City R R .— see terms
below— and owns $218,500 of the common stock of the Atlantic City A
Ocean City C o m p a n y, which holds all the stock and bonds of the Atlantic
City A Ocean City R R . V. 85, p. 158. On March 6 1909 the Court of
Errors and Appeals of New Jersey, reversing tho lower Court, held that the
company has no right to hold control of the Cent. Pass. R y. through owner
ship of Its securities and must dispose of the same. V. 88, p. 685. The
company accordingly parted with trie securities of the Cent. Pass. R y., and
entered Into a traffic agreement with that company under Its new ownership.
C ontract w ith W est J ersey & S ea Shore B it . — A traffic agreement has
been entered Into with the W est Jersey A Sea Shore R R . by which the
Atlantic A ve. line of the latter road, running from A tlantic City to Longport, 8)5 miles, Is operated by this company. The W est Jersey & Sea shore
R R . has an option to purchase from May 1 1913 to May 1 1918 a majority of
the Atlantic City A Shore R R . stock. V. 85, p. 158.
STOCK AND BONDS—
D a te.
Interest. O utstan din g.
M a tu r ity .
Stock $1,000,000 ($100)..............................................
$1,009,000
...................
1st mtge A coll trust deed) 1905
5 g J-D
850,000 Dec 1 1945
$1,000,000 ($1,000) g __ c * /In t. at Girard Trust C o., P h lla ., trustee.
B o n d s. — No sinking fund, but can be called at any time at 110 and lnt.
R O A D .— Operates 47.45 miles of track In and around A tlant'c City, In
cluding a road through Pleasantvllle, Llnwood and Somers Point, to Ocean
City, the two latter points being connected by 2 miles of trestle and bridge
owned by the A tlantic City A Ocean City R R .
AUGUSTA RAILWAY & ELECTRIC CO.
STOCK AND BONDS.
D a te.
Interest. O utstan din g.
M a tu r ity .
Stock $1,000,000 ($100).................................................. $1,000,000 ........................
Augusta Ry A Elec mtge gold\ 1900
5 g J-D
1,000,000 June 1 1949
$1,000,000 ($1,000)___ c ‘ J ln t. at Mcr. Tr. A Dep. Co., B ait., Trustee.
B o n d s. — Can be called in 10, 20 or 30 years from date at 105 and Interest
on 6 months' notice. S in k in g fu n d Is H of 1 %, beginning June 1 190
for 15 years, 1 % for next 10 years and 2 % for remaining 10 years.
ROAD.— Operates 31.72 miles of track on 17 miles of street.
R E PO R T .— For 12 months ending Dec. 31: In 1905, gross (railway and
lighting), $286,023; net, $140,111. V . 78, p. 341.
NORTH AUGUSTA ELECTRIC & IMPROVEMENT CO.
Owns the entire stock ($300,000) and bonds ($300,000) of the North
A ugusta Hotel Co. and entire stock ($10,000) and bonds ($500,000) of tho
Augusta A Aiken R y.; also owns $744,700 of the $790,400 common stock,
entire Issue ($130,400) of preferred stock and all the $30,000 bonds of the
North Augusta Land Co.
STOCK AND BONDS—
D a te.
Interest. O utstan din g. L a st D iv id 'd
Common $1,000,000 ($100)............................................$1,000,000 ........................
Pref 5% n-c $500,000 ($100).........................................
500,000 .....................
North Augusta Elec A Imp.) 1901
5 g A-O
1,000,000 Oct 1 1051
Co flrst mortgage $ 1 ,0 0 0 ,-)International Trust Co., Baltimore, Trustee.
000 gold ($1,600)................ cj Interest at Augusta and Baltimore.
B o n d s. — Arc subject to call at 105 on any Interest date upon 60 day*
notice.— V. 76, p. 918.
In te r e s t. O u ts ta n d in g . D l v .o r M a t 'y .
STOCK AND BO N D S.
D a te .
_______ $15,000,000 __________
Common, $24,000,000 ($50)..............
Preferred, c u m ., $14,000,000,^
4
5 4 ,0 0 0 /Dec. 1903, 2
p a r, $50. ___________ :■
.
.)
\less H % .
Inc m tge, g, $14,000,000, 1899
4 g J-D 13,046,000
1949
cum ., ta x free, M aryland [P ayable a t option of Co., a fte r M arch 1 1940.
T ru st Co. c * ($ l,0 0 0 )___ J I n t. a t Alex. Brown & Sons, B altim ore.
con m tge, g, $38,000,0001 1899
M-S
1 1940
, 3 R O A D .— O perates 24.34 miles of tra c k from A u g u sta, th ro u gh Clew- 1st($1,000); C ontinental T ru st [in te re s t 4 tg A lex. 26,450,000 Mch B altla
Brow n & Sons,
w ater, B ath , L angley, W arrenvtlle an d G ranltevllle, to A iken, S. C.
Co. B altim ore. T ru stcc.c* J more.
S ta n d a rd gauge, 60-lb. T rail. Opened S e p t. 1 1902.
Incom e fdg bonds ($100, $5001 1906
5 g J-D
3,080,000 J u n e 1 1036
and $1,000), $3,920,000-_c]M aryland T ru st Co., T rustee.
Car tru sts, Series " A .” $350,-1 1904
5 g A-O
175,000
S e e te x t.
AUSTIN, TEX.
000, gold ($ 1 ,0 0 0 )_______ jfln t. a t F id e lity T ru st Co., B a lt., T ru ste e .
Car tru s ts , Series ■B .” '$85b',-1 1905
" ’ "— “
'
5 g A-O
510,000
S e e te x t.
AUSTIN ELECTRIC RY.— A trolley road.
t. a
Co., B
e
000
O R G A N IZ A T IO N .— In co rp o rated In T exas on M ay 29 1002 as a reorgani Car tru($1,000).............. ...........c /I n1006 t Safeg Dep. & T r. 273,000 alt., T ru ste x t.•
s ts , Series " C ,” $390,-\
5 A-O
S e e te
satio n of th e A ustin R ap id T ra n sit R y .
000
In t. a t Safe D ep. & T r. Co., B alt., T ru stee.
STOCK AND B O ND S.
D a te .
In te r e s t.
O u t s t a n d i n g . L a s t d i v i d 'd .
UN
L
ECUR
Stock, $350,000 ($100).............. .........................
$275,000
(?) „ . B altim ore T ra ctio n — 1st D E Rf Y IN G S5 M-N IT IE S .
($1,- 1889
1,500,000 N ov 1 1929
F irst m ortgage $350,000 goldl 1903
5 g A-O
350,000 April 1 1933
000) m tge, T rustee Mcrcan-( In te re st a t N ational M echanics’ B an k , B altl($ 1 ,0 0 0 ).................................../In te r e s t a t E q u itab le T ru st Co., N . Y ., T rus.
tlle T r. & D eposit Co___ c l m ore.
B o n d s . — Are su b ject to call on an d a fte r A pril 1 1908 a t 105 and Interest.
N . B. D lv. 1st ($1,000) 5 s ,( 1892
5 g J-D
1,750,000 Ju n e 1 1042
D i v i d e n d s . - - I n 1904, 10% ; In 1905, 10.77% ; In 1906, 5.5% ; In 1007,
g. T ru s..M e r.T r.& D cp .C o .c lIn t. a t N ational M echanics’ B an k . B alt.
5% ; In 1908, F e b ., 4 % ; no la te r Inform ation.
C ity & S uburban R y . B o n d s — f 1892
5 g J-D
3,000.000 J u n e 1 1922
E A R N IN G S .— For calendar y ear 1007; Gross. $146,670; n e t, $15,224.
1st m tge, g ($1,000)______( I n t . a t A lex. Brow n & Sons, B altim ore.
R O A D .— O perates 15.91 miles of tra c k . E n tire ro ad re-b u llt In 1905.
(Safe D eposit & T ru st Co., B a lt., T ru ste e .
O F F IC E R S .— Pres, and Gen. M gr., W . J . Jones; V .-P ., F . H . W atrlss. B alt.C aton sv .& E lllc o lt’s M llls t 1896
5 J -J
500,000 Ju ly 1 1016
1st m tge, $500,000, prln g-{S afe Dep. & T r. Co., B a lt., T ru stee. In t.
New Y ork; T reas., E . P . W llm ot; Sec.. Claud V. P e e l.— V 78. p. 1704.
I a t N ational M echanics’ B ank, B altim ore.
Lake R olan d E le v a te d — ls tf 1892
5 g M-S
1,000.000 Sept 1 1942
consol
m ortgage,
gold! In te re s t a t A lex. Brow n & Sons, B altim ore.
BAKERSFIELD, CAL.
($1,000) __________ c*&r (B altim ore T ru st & G u a ra n ty C o., T ru ste e .
POWER TRANSIT & LIGHT CO.
B a ltim o re C ity P assenger — ls tf 1891
5 g M-N
2,000,000 Nov 2 1911
O R G A N IZ A T IO N .— Is successor In 1903 to th e Pow er D evelopm ent Co.
m tge, $1,000, gold..........c * (In te re s t a t N a t. M echanics’ B an k , B alt.
ISafe D eposit & T ru st Co. of B alt., T ru ste e .
th e B akersflcid Gas & Electric L ight Co. and th e Bakersfield & K ern Electric
4 ^ g M -N
500.000 N ov 2 1911
R y . Does th e en tire electric lig h tin g , pow er, gas an d s tre e t railw ay business B a ltim o re C ity Passen ger— ) 1897
Certs of ln d e b t, $500,000,[In te re s t a t N ational M echanics’ B ank, B altlof K ern a n d Bakersfield. V . 77, p. 401.
g ($500 and $1,000)______J more.
STOCK AN D B O ND S.
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
C en tral R y . — 1st m tge, $250,-f 1882
6 J-J
11,000 J u ly 1 1912
Stock $2,500,000 ($100).................................................. $2,500,000
See te x t.
000, sink fund, c u rre n c y .-IS u b . to call a t 100 In c ertain a m ’ts yearly.
Bakersfield & K ern Elec. R y .\ 1903 5 g J -J
125,000 Ju ly 1 1931
(T ru stee , Safe Dep. < T ru st Co., B altim ore.
fc
$250,000 gold ($1,000)_ c/U n lo n T ru s t Co., San F ran cisco , T rustee.
_
[I n t. a t N a t. Mecn. B k , B alt.
Bakersfield Gas & Elec L t m t g ----6 F-A 15
40,000 Periodically
Consol m tge, $700,000, g ,f 1802
5 g M-N
689.000 M ay 1 1932
778,000 Ju n e 1 1933
Now m ortgage $2,500,0001 1903 5 g J-D
($ 1 ,0 0 0 ).............. ............... (In te re s t a t N ational M echanics’ B ank, B alt
gold ($1,000).............. .........../M ercan tile T ru st Co., San Francisco, T rustee>
lM ercantile T r. & D ep. Co of B alt., T rustee.
B o n d s . — Of th e $2,500,000 new bonds, $175,000 are reserved for prior
E x t and Im p 1st m tg e .f 1897
5 g M-S
600,000 Mch 1 1932
liens. B onds are s u b j e c t to c a ll an y In terest d a te " o n basis of 4 ^ % re
$600,000, g ($1,000)___ (B a lt. T ru st & G uar. Co., B alt., T ru ste e .
in v e stm e n t.” S i n k i n g f u n d of 10% of n e t earnings a fte r p ay m en t or
(In te re st a t N a t. M echanics’ B ank. B alt.
charges commences a fte r 5 years. V. 77. p . 401. $20,559 bonds were held
B o n d s. — Of th e $38,000,000 of 1st consolidated bonds, $26,450,000 have
In sinking fund on A ug. 31 1908. Of th e B akersfield & K ern Elec. R y. been Issued a nd $11,550,000 have been set aside for th e re tire m e n t of
bonds $2,500 arc held In sink. fu n d . Of th e B akersfield Gas & Elec. underlying securities. In c. fdg. bonds, are redeem able on a n y In t. d a te
L ight Co. bonds $10,000 have been retired by sink, fu n d an d $14,178 are a t p a r a nd accrued in t. T he Scries " A ” c ar tru s ts o u tsta n d in g w ere origi
now held In sam e.
nally $245,000; th e y m a tu re $35,000 p e r annum on O ct. 1 from 1908 to
E A R N IN G S .— F o r fiscal y ear ending Ju n e 30 1908, gross, $108,920; n et, 1914, b o th Inclusive. T he Series “ B” car tru s t bonds In above ta b le w ere
afte r In terest an d tax es, $58,685.
originally $680,000; th e y a re a first, m ortgage on 200 cars, and m a tu re
D IV ID E N D S .— D ividends of 1% were paid In J u n e 1904, Ju n e 1905 and $85,000 per annum from O ct. 1 1908 to 1915. T hey a re redeem able on
an y In t. d a te a t 102H and In t. V . 81, p. 32. T he series "C " c a r tru s ts
Ju n e 1006, and 2% w as paid In Ju n e 1907.
were originally $300,000 and m a tu re $39,000 ann u ally for 10 y ears, an d are
R O A D .— O perates 7>4 miles of tra c k betw een an d th ro u g h o u t Kern and subject to call a t 102 >$. T hey a re a first m ortgage on 90 cars.
B akersfield. Also docs electric lighting, pow er an d gas business. H as
S to ck . —T he preferred stock reported above as outstan d in g Is all th a t
over 100 miles of electric pow er lines.
rem ains of th e original Issue of $14,000,000, th e re st having been converted
O F F IC E R S .— Pres, an d G en. M gr., C. N . B eal, San Francisco; Ass’t G en. Into Income bonds.
D IV ID E N D S .— D ividends of M of 1 % were paid In Ju n e 1899 a n d 2 M %
M gr., Jas. Goodwin, Bakersfield; Sec. an d T rea s., F . G. D n im , San F ra n
In D ec. 1809, and 2 % each six m onths a fte r th a t to and Including D ec. 1903,
cisco.— V. 77, p. 401.
on b o th th e incom e bonds and th e pref. stock, th e p a y m e n t on th e stock
(b u t no t on the bonds) being su b ject to a deduction of H of 1 % for ta x e s.
P ay m en ts due Ju n e and D ecem ber 1904, Ju n e and D ecem ber 1905 and
BALLSTON SPA, N. Y.
Ju n e 1006 o m itted an d In 1906 coupons for these da te s w ere funded, as
EASTERN NEW YORK RR.—A trolley road.
noted above, and subsequent coupons will In like m anner be funded as th e y
R e c e i v e r s h i p . — On Ju n e 23 1908 Frederick H . B each, Gen. M gr., was a p m atu re up to and Including Dec. 1910.
pointed receiver, J u ly 1908 In t. on bonds having been d efau lted . V. 86,
R O A D .— Miles of tra c k , 401.203; cars, 1,982; gauge, 5 ft. 4 M In. R alls,
and 9-ln. an d
girder. C apacity of
P O R G A N IZA TIO N .— Incorporated In New Y ork on D ec. 12 1904 an d Is 70-lb. TIC. \V.; capacity 113-lb. sub-stations, 28,000 K(6) generating sta tio n s,
35,405
of (6)
. W.
successor to B allston Term . R R .. sold u nder foreclosure on Dec. 29 1904.
R E P O R T for th e y e ar ending Dec. 31 1908 In V . 88, p . 1123.
STOCK AND BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
1908.
1907.
1906.
1905.
S tock. $1,750,000 ($100)....... .......................... .........
$500,000 ------- -------- C ar miles r u n __________ 26,764,145 26,953,727 26,035,327 25,431,176
1st m tg e, $1,750,000 ($5001 1905
5 g J -J
300,000 Ja n 1 1035 R evenue passengers___ 138,400,994 142,114,995 133,785,601 122,318,438
an d $1,000), gold.........._c*/ M etropolitan T ru st C o , N . Y ., T rustee. T ransfers______________ - 54.587,949 55,165,581 53,413,492 49,292.821
~
‘
----------No sinking fu n d . V . 80, p . 1728.
B o n d s — A re n o t su b jec t to call.
$7,018,081 $6,583,102 $6,023,698
Gross e a r n in g s ________ $6,834,802
R O A D .— Is bo th a freight an d a passenger ro a d . Owns extensive O perating expenses........ 3,293,338
3,220,942
2,835,530
3,470,087
.................
term inals a t B allston Spa. H as 15 miles of tra c k , w ith a linn from B allston
to M iddle Grove. E xtensions are c o n tem p lated to A m sterd am , Jo h n s
$3,541,464 $3,547,994 $3,362,160 $3,188,168
tow n an d Glovcrsvllle, for w hich unissued bonds were reserved.
2,230,066
2,365,586
l 2,637,182
2,487,942
O F F IC E R S .— P re s .,T . F . B a rre tt, B allston S p a .— V . 86, p . 1589.
$958,102
$996,574
$904,282 $1,060,052
2,725
6,505
4,725
3,240
O ther Incom e_________
(1) A ugusta & Aiken Ry.
O R G A N IZ A T IO N .— Is controlled by th e N o rth A u g u sta E lectric & Im
prov em en t Co. Stock Is $10,000; bonds, $500,000 ol 5 % 30-year gold
bonds; In terest J a n . and J u ly , and m a tu rin g J a n . 31 1931. Bonds all de
posited a 3 secu rity for N o rth A ugusta Klcctrlc & Im p ro v em en t Co. bonds.
R E P O R T .— F o r 12 m os. ending D ec. 31 1005: Gross, $91,753; net
BALTIMORE, MD.
S tr e e t R a ilw a y s o f B a ltim o r e p a y a P a r k T a x o f 0 % o f g ro s s e a r n in g s
w i th in C i ty L i m i t s , e x c e p t o n t u r n p i k e s a n d p r iv a te r ig h ts o f w a y , a n d a re
r e q u i r e d to p a v e b e tw e e n t r a c k s a n d t w o f e e t o n e a c h s i d e .
UNITED RAILWAYS & ELECTRIC CO. OF BALTIMORE—Trolley.
O R G A N IZ A T IO N .— In co rp o rated a t Annapolis M arch 4 1899. Com
prises all th e passenger railw ays In Baltim ore City a n d B altim ore C ounty
and lines ex ten d Into Anne A rundel C ounty an d H ow ard C ounty. T hrough
th e p resen t and previous consolidations, em braces th e following:
B altim ore C atonsvllle & E lllcotts C entral R ailw ay C om pany.
G w ynn’s Falls R ailw ay of B altim ore
Mills Passenger R R .
C ity.
B altim ore C ity Passenger R y . Co.
M aryland T rac tio n .
B altim ore C onsolidated R y . Co.
Pim lico & Plkesvllle R R .
B altim ore & C urtis B ay R y.
B alt. G ardensvlllc & B elalr Elec. R y. Shore Line E lectric R y.
B altim ore & N o rth ern Elec. R y . Co. W albrook G w ynn-O ak & P o w h atan .
Also owns all th e stock, an d holds a lease, of th e B altim ore Sparrow s
P oin t & Chesapeake R y . Co. T he com pany likewise controls by ow nership
of sto ck th e Y ork R oad T u rn p ik e, th e Charles S tre e t Ave. T u rnpike, th e
H arfo rd T u rn p ik e a n d th e B alt. & Jerusalem T u rn p ik e.
Form erly owned th e $2,000,000 com m on stock of th e U nited E lectric
L ight & Pow er C o of B altim ore, com prising th e clectrlc-llghtlng plants of
B altim ore, b u t In J a n . 1903 sold th e sam e, to g eth er w ith Its holdings of the
stock an d bonds of th e M t. W ashington Electric Co. (V. 75, p. 1158 and
V. 76, p. 160) an d th e sam e Is now controlled by th e C onsolidated Gas,
E lectric L ight & Pow er Co. of B altim ore.
F u n d i n g o f C o u p o n s o n I n c o m e B o n d s . — In Ju ly 1006 u n p aid coupons on
Income bonds from Ju n e 1004 to Ju n e 1906 were fu n d ed u n d er a funding
agreem en t. Incom e coupons up to an d Including D ec. 1910 will also be
so exchanged a t m a tu rltv , an d these coupons have been stam p ed w ith this
ag reem en t. See p la n In V. 83, p. 156; $13,698,000 o f th e $13,045,000 have
been d eposited u n d e r th e plan . See V. 83, p. 753, 1038; V. 84, p. 1368.
A l l i e d C o m p a n y . — in Aug. 1006 th e M aryland Elec. R y ., w hich had agreed
to provide funds for needed Im provem ents a n d acquisitions of the U nited
R y . & Elec. Co., was consolidated w ith th e B alt. & A nnapolis S h o rt Line,
th u s form ing th e M aryland Elec. R ys. See sta te m e n t of th a t co. below.
P o w e r C o n t r a c t . — On Ju n e 28 1007 m ade a c o n tra c t w ith th e M cCall’s
F erry Pow er Co. callin g for th e delivery of 10,000 k ilo w atts (13,500 h .p .)
dally fo r 10 y ears, to begin S e p t. 1 1908. Pow er ex p ected to be available
durin g 1910. F o r delay on acco u n t of p an ic, see V. 85, p. 163, 1465.
V o t i n g T r u s t . — In M arch 1905 a large m a jo rity of th e stock was deposited
w ith th e Safe D eposit & T ru st Co. of B altim ore, to be held In a v oting tru s t
for 3 years from Feb. 25 1005. V. 80. p . 008, 1236. In F eb . 1008 Alex.
B row n, H . Crawford B lack, F . A. F u rst an d Geo. C. Jenkins were requested
by holders to a c t as tru stees u n d er a new ag reem en t,w h ich Is to continue
In force u n til May 1 1011. U nder th e agreem ent th e stock deposited c an
no t be sold w ith o u t th e consent of 75% of th e holders thereof, a n d then only
upon term s th a t will secure th e sam e re tu rn for all th e sto ck held by trustees.
See V. 86. p. 422 540.
F a v o r a b l e T a x D e c i s i o n . — On Ju n e 29 1909 th e C ourt of A ppeals of M ary
land held th a t th e p a rk ta x of 0% on gross earnings of lines w ithin old city
lim its was In ten d ed to be In lieu of all o th e r ta x e s, a n d th a t no fu rth e r ta x
on th e Intangible p ro p e rty can bo levied w ith o u t express legislative a u th o r
ity . T he casem ents In 14 miles of tu rn p ik es In an n ex ed d istricts a re held
to be ta x a b le. V . 89, p . 44.
•E x tra o rd in a ry e x p e n d .
$907,522
813,751
$ t , 066,557
1,028,899
$1,001,299
980,000
$960,827
929,762
B alan ce____________
$93,771
$37,658
$21,299
$31,065
• In 1908, 1007 a n d 1905 “ e x tra o rd in a ry expen d itu res” were charged In
th e ir e n tire ty directly to Income. In 1906 th e “ e x tra o rd in a ry e x p en d itu re s”
am ounted to $1,436,693, of w hich $980,000 were charged ag ain st incom e.
O F F IC E R S .— P res., W illiam A. House; V lce-Pres . F ra n k A. F u rst;
Sec., W illiam Early; A cting T re a s., J . H . W indsor; A ud., N . E . Stubbs;
G en. M gr., Thom as A . Cross.— V. 86, p. 422, 549, 920, 1096; V. 87, p. 546;
1606; V. 88, p. 1003, 1123; V. 89, p. 44.
(1) Baltimore Sparrows Point & Chesapeake R y .—
O R G A N IZ A T IO N .— In J a n . 1903 was leased for 999 years to th e U n.
R ys. & E lectric Co. of B altim ore, w hich guarantees th e bonds below , both
as to principal an d In te re st, and also owns all of the stock. See V . 79. p.
2643. H as 35 miles of single tra c k , including a line 22 miles long connecting
B altim ore w ith the M aryland Steel W orks a t Sparrow 's P o in t, a nd e x te n d
ing beyond along the shore of C hesapeake B ay. w here sum m er resorts have
been established. B onds offered for sale In J a n . 1905. V. 79, p. 2643,
and V. 80, p. 221.
STOCK AND BO ND S— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $2,000 000.........................................................
$400,000 .....................
1st m tg e., $2,000,000, gold) 1903
4 ^ g F-A 2.000,000 Feb 1 1953
($1 000), guar principal [F idelity T ru s t Co., B altim ore, T ru stee.
and In te re st___________ c*j In te re st a t Alex. Brown & Sons, B altim ore.
R E P O R T .— O perations Included In U nited R ys. & Elec. V. 80, p. 221.
(2) Baltimore & Laurel Electric R y.—
O R G A N IZ A T IO N .— Stock all owned by U nited R ailw ays & Electric Co.
In corporated In 1901 w ith an authorized cap ital stock of $250,000 to build
a line from B altim ore to L aurel, a distance of a b o u t 18 miles. No bonds.
A t L aurel connection will be m ade w ith th e B erw yn & Laurel E lectric Co.,
w hich contem plates a line betw een L aurel add B erw yn, th e la tte r a suburb
of W ashington. C onstruction n o t y e t begun.
(3) Baltimore Halethorpc & Elkridge R y.
.
.
.
O R G A N IZ A T IO N .— In co rp o rated on Dec. 26 1905 in M aryland. Stock,
$100,000; o u tsta n d in g , $10,000. H as m ade a $300,000 m tge. to F id e lity
T ru st Co. of B altim ore, tru ste e . 20-year 5% bonds, p rln . and in t., payable
a t A lexander Brow n & Sons, B alt.; n o t guar, by U nited R ys. & Elec. Co.
N one o u t. Owns a b o u t 3 miles of road, w hich is o p e ra te d by U nited
R ys. & Elec. Co.— V . 87, p. 543.
TH E M A R YLA N D ELECTRIC R A IL W A Y S CO.
O R G A N IZ A T IO N .— In 1906 th e c h arte r of th e M aryland Elec. R y . was
acquired by Interests friendly to th e U nited R ys. & Elec, for th e purpose
am ong o thers, of using th a t com pany to finance th e needs of th e U nited R y s.
& Elec. Co., for additional p ro p e rty , an d c h arte r am ended by Legislature In
1006 to a d a p t It to th a t purpose. In Aug. 1006 was consol, w ith th e B alti
m ore & A nnapolis S h o rt L ine, w hich la tte r line has since been electrified
T he M aryland Electric R ailw ays th e n acquired car b a rn sites, te rm in a ls,
&c., and Is erecting buildings, constructing extensions, purchasing e q u ip
m e n t, &c , w hich Is leased to th e U nited R y . & E lectric Co. for a n annual
re n ta l of 6 % upon th e a ctu al cost of th e p ro p e rty . A t m a tu rity of the
$8,000,000 bonds of T he M aryland Elec. R y s., th e U nited obligates Itself
to purchase th e p ro p e rty so leased a t a sum sufficient to le tlre th e bonds.
B o n d s — B o n d s S u b j e c t to C a l l as a w hole on a ny In t. d a te a t 105 an d In t.
See p la n In full In V. 83, p. 156. T here Is no g u a ra n ty endorsed on b o n d s ,
b u t th e term s are such th a t re n ta l w ill be sufflelcnt to p ay In terest. A Sinking fund of 1 % per an n u m of bonds o u tsta n d in g , If earn ed , com m ences
syn d icate took $4,000,000 of th e bonds, delivery to be made a t sta te d Nov. 1 1006; on N ov. 1 1911 becom es obligatory.
D i v i d e n d s .— 6 % Is being paid on preferred stock.
periods, an d a t th e beginning of 1009 had ta k e n up th e en tire am o u n t.
E A R N IN G S .— F or 12 m os. ending Dec. 31 1908, gross, $362,252; n e t,
Stock listed on B altim ore Stock E xchange In Feb. 1908.
$155,493; charges, $09,692: d lv ., $13,836; surplus, $41,965.
STOCK AN D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
R t A D .— O
S tock, $1,200,000 ($50)_________________
$1,200,000
J Oy ’08, 1%perates 19.56 miles of tra c k . S tan d ard gauge. R alls 40 to
5 g A-O
4,000,000 O ct 1 60-lb. 40 ears.
1931
1st M, $8,000,000, g ($1,000) ,) 1906
O F F IC E R S .— P res., G uy E. T ripp; V .-P s., J . W . Hallowell a n d Chas.
sink f d _____
. __
_ .c* j M ercantile T r & D ep. Co., B alt., Trustee.
5 g F A
I 000,000 Aug 1 1940 Sprague; Sec., Ivah K . Todd; T rea s., H enry B. Saw yer; G en. Mgrs. and
B altim ore & A nnapolis 1 s tf 1906
T ransfer A gents, Stone & W ebster, B oston, Mass. M gr., L . H . B ean,
m tge, $1,000,000 ________ (F id elity T ru st Co., B altim ore, T rustee.
B ellingham .— V. 82, p. 303, 1042; V. 84. p . 1369; V. 85, p . 1144.
(In te re s t a t Alex. Brown & Sons, B altim ore
B o n d s . — A s i n k i n g f u n d of 1 >$% on Md. Elec. R y. 1st m tge. bonds oui
begins M ar. 30 1910. Bonds are redeem able a t 110 and Int. on a n y Int. date
BENTON HARBOR, MICH.
upon 90 d a y s’ no tice. I n t. pay ab le a t office of Alex. Brown & Sons. See
V. 83, p. 818, 970.
BENTON HARBOR-ST. JOE R A IL W A Y & LIGHT CO.
D iv id e n d s. — F irst dividend (1 K % ) w as paid In J a n . 1907 and 2 % was
O R G A N IZA TIO N .— Incorporated In M ichigan In J a n . 1906 a nd Is a con
paid J u ly 1 1907. In 1908, J a n ., 1 %; J u ly , 1% ; none since.
solidation of th e B enton H arbor & S t. Joseph Electric R y . & L ight Co.
R O A D .— O p erates 22 miles of tra c k from Cliffords to A nnapolis, which a n d the S t. Joseph R iver T raction Co.
has been co n v erted to electricity. An extension know n as tn e S t. Paul
STOCK AN D BONDS— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S treet B oulevard line was com pleted In 1907; It Is leased to th e U nited R ys. Stock. $1,000,000 ($100)...........................................
$1,000,000 .....................
& Elec. Co.
1st con M, $1,000,000, goldl 1906
5 g M-N
800,000 Nov 1 1935
O F F IC E R S .— P res., Jo h n W ilson Brown; V lce-Pres. and Gen Mgr ,
($500 and $1,000)_______ c j l n t . a t Colum la T r. Co., Louisville, T ru s.
Jam e s F. H eyw ard; Sec., A ustin M cLanahan; T rea s., Geo. M ay.— V . 85,
B H & S J El R y & L 1st M,f 1900
5 g M-S
200,000 Sept 1 1920
p. 1577; V. 86, p. 337, 1159; V. 88, p. 686.
$200,000, gold ($1,000)_ J In t. a t A m . T r. & Sav. B ank, C hic., T ru stee
_
B o n d s .— Of th e $1,000,000 new bonds, $200,000 are reserved to retire
prior liens. T hey are subject to call on an y Interest d ay a t 105. The $200,
BANGOR, ME.
000 bonds of th e old com pany a fte r 1910 have a sinking fund of $10,000 per
an n u m , b u t bonds cannot be called. See V. 71, p. 1268; V. 72, p. 282.
BANGOR R A IL W A Y & ELECTRIC CO.
O R G A N IZ A T IO N .— Inco rp o rated In M aine on Feb. 16 1905 a nd Is a
E A R N IN G S .— Gross earnings lor cal. y ear 1908 were $192,23 ).
consolidation of th e Bangor H am pden & W In te rp o rt R y ., th e Public W orks
R O A D .— O perates 16 'A miles of track In S t.Joseph a nd B enton H arbor,
Co., th e Bangor Orono & Old Town R y. and th e Old Town Electric Co. w ith an extension of 13TS miles to E au Claire, m aking a to ta l of 30 miles.
On Feb. 1 1906 absorbed th e B angor & N o rth ern R R ., w hich w as a re 60. 70 and 73-lb. girder and T rail.
organization of th e Penobscot C entral R y . V. 82, p 333. Does e ntire
O F F IC E R S .— P res., C. K . M lnary, B enton H arb o r, Mich.; V .-P ., W ill
electric lig h tin g a n d power business of Bangor, Old Tow n, Brewer. Milford, iam J a rv is, Louisville, K y.; Sec., L. W. B o tts, Louisville; Gen. M gr., H . C.
O rono, Veazle a n d H am pden. Also furnishes w ater supply to Brewer M ason, B enton H arbor.— V. 82, p. 333.
a n d O ldtow n. F r a n c h i s e for a b o u t 12 miles of tra c k In B angor expires In
1912; o th e rs are unlim ited as to tim e.
BIDDEFORD, ME.
T hrough ow nership of all th e bonds and p ractically th e en tire Issue of
B ID D E FO R D & SACO R R .— A trolley road.
stock. It controls th e B ar H a rb o r & U nion R iver Pow er Co., which had
O R G A N IZ A T IO N — Incorporated F eb. 19 1887.
absorb ed th e Bar H arb o r Elec. L t. Co., Ellsw orth W a te r Co. a nd Ells
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
w o rth Elec. Ilium . Co. T h e B angor R y. & Elec, also owns all bonds and
Stock ($50), $100,000....................................... .............
$100,000 O c t'0 8 , 5%
stock of th e E llsw orth Pow er Supply Co. V. 87, p. 1009.
1st m ort. $300,000 ($1,000)1 1900
4 g J-D
150,000 Juno 1 1940
STOCK AND BONDS—
D a te . I n te r e s t
O u ts ta n d in g .
M a tu r ity .
gold c*. No s. f. b u t can be) In te re st a t P o rtla n d T ru st Co. P o rtla n d , M e.,
Stock, $1,500,000 ($100).......... ........
5 Q-J
$1,500,000 Oct. ’09, I 'A
called In 1920 ___________ J tru ste e .
1st con m tge. g, $2,000.0001 1905 5 g J - J
1,851,000 Ju ly 1 1935
D i v i d e n d s .— In 1902 2 H % ; In 1903
3% ; In 1904. 3>£% : In 1905. 4 % ;
($500, $1,000)_________ c* JG u a ra n ty T ru st Co., New Y ork, T rustee.
600,000 April 1 1929 In 1906. 5% ; In 1907, 5% ; In 1908, 5% .
Public W orks Co, 1st, gold.) 1899 5 g A-O
E A R N IN G S — For fiscal years ending Ju n e 30
$600,000 ($500, $1,000) c * fIn te re st a t Old Colony Tr. C o.. Boston, Trus.
Y ear—
G ro ss.
N e t.
I n t . , e tc . D i v i d e n d s . S u r p .
B ar H a rb o r & U n. R lv. P o w . l ____
5 M-S
700,000 S ep t 1 1935
1007-08............................ $73,418
$19,520
$7,050
$5,000
$7,461
Co. 1st & ref. $ 2 ,0 0 0 ,0 0 0 .. ]
18,145
7,321
5,000
5,824
1906 0 7 ......................... 67,582
B ar H a rb o r E L C o................................
4 14%
100,000 May 1 1921
R O A D — O perates 8 miles of tra c k betw een Saco, B lddeford a nd Old
B o n d s .— Of th e $2,000,000 bonds of Bangor R y . & E lectric, $149,000 can
be used for extensions an d b e tte rm e n ts a t 85% of cost. A re su b jec t to O rchard B each.
O F F IC E R S —P resid en t, C. H . P resc o tt, B lddeford: Secretary and T reas
call on 12 w eeks’ notice a t 107
a n d Interest. In te re s t Is p ayable In New
Y ork an d B angor. See p a rtic u la rs, bonds, p ro p e rty , &c., V. 87, p. 1009. u re r, E . F. L ord.— V. 70, p . 1048: V. 73. p . 494.
T he P ublic W orks Co. bonds are n o t su b jec t to call. V. 80, p. 2456.
■ D i v i d e n d s . — 5% p er a n n u m has been paid on th e stock since O ct. 1 1905
BINGHAMTON, N. Y.
to O ct. 1909, w hen dividend was Increased a n d 1M % (quar.) was paid.
BINGHAMTON RAILWAY CO.— A trolley road.
E A R N IN G S .— F o r fiscal years ending Ju n e 30:
O R G A N IZ A T IO N .— Is a consolidation S ept. 30 1901 of th e B ingham ton
1909.
1908.
1907.
1906.
R R . Co (chartered A ug. 11 1892 as a consolidation of all stre e t railw ays In
Gross earn in g s................ ................. $522,329 $451,913 $412,434 $360,075
city) and th e Bing. L estershlre & Union R R . Principal f r a n c h i s e s granted
O peratin g expenses____________ 248,333
227,342
218,375 186,518
by special Acts of L egislature, an d are said to be practically exclusive and
N et e a r n i n g s . .. ............................ $273,996
$224,571 $194,059 $173,557 p erpetual.
STOCK AND BO ND S—
In te r e st.
O u ts ta n d in g .
A la tu r lty .
Fixed ch arg es___________________ $149,766 $103,317
$93,888
$91,300 Stock, $1,150,000 ($100)___ D a t e .
_______
$ 9 7 8 , 5 4 9 Dec ’08 2 1 4
D ividends ____________________
74,954
74,949
68,698
56,198 B ingham ton S tree t R R . ls t ______
l 1890
6 A-O
149,000 A pr 1 1910
m ort $200,000
S u r p lu s ............... .......................... $49,276
$46,305
$31,473
$26,059 B ingham ton R R __________ J M etropolitan T rufst Co., N. Y ., T ru ste e .
. Co. M.,1
35,000 1010-1017
N o t e .— Y ear ending Ju n e 30 1909 covers to ta l o p eratio n s of b o th B angor
$900,000, g. $1,000___ c* |
(
($5,000 due yearly
R y . & Elec. Co. a n d B ar H arb o r & U nion R iv er Pow er Co., elim inating all (See
tex t) In te re st a t M et-) 1893
5 g J -J (
50,000
1918-1922
earnin g s, expenses a n d charges betw een th e two com panies.
tropol. T ru st Co., N . Y ., |
(10,000 due yearly M ar 1
R O A D .— O perates 62.5 m iles of tra c k In B angor an d B rew er, M e., and
T rustee.
l
589,000 due M ar 1 ’23
from B angor to H am pden, to O ro n r, to O ld Tow n an d to C h arleston. Bing. Lest. & U n. 1st M .l J 1895 5 g J - D
147,000 J u n e 1 ,1 9 2 5
R alls. 35 to 90-lb. girder an d T sta n d a rd gauge.
($250,000)
gold, p rln -) In te re st a t M etropolitan T ru st, N . Y.
O F F IC E R S .— P res., Jo h n R . G raham ; V .-P . F ran k S llllm an J r .; Sec.,
clpal and Int. g u a r._____J
B ingham ton T ru st Co., T ru ste e .
Geo. T . Sewall: T reas., Jam es W. C artw rig h t J r . — V. 84, p. 338; V. 87,
B ing. R y . 1st consol, m o rt. 1 1901
5 gM-N
847,000 Nov. 1 1931
p . 1009; V. 89, p . 777.
_________
$2,500,000
gold
($ 1 ,-)In te re st a t F idelity T ru st Co., Buffalo, Trus000)___________________ c ’ Jtee , or Seaboard N ational B ank. New Y ork.
B o n d s . — Of the bonds of 1893, $85,000 m a tu re In Installm ents as Indicated
BARRE, VT.
In th e ta b le , and th e rem ainder M ar 1 1023. Of th e $000,000 au th o rized ,
BARRE & M ONTPELIER TRACTION & POW ER CO. - A trolley road.
$200,000 are reserved to retire th e 6s of 1910 a t m a tu rity . $60,000 of w hich
S o l d .— In May 1907 th e control of this com pany was sold to a syn d icate
retired . $139,000
ingham ton R R . 5s have been p u r
represented by F ran k M. C orry. Pres, of the F irst N a t. B ank of M ontpelier. have been the P resident of th e of these B arid arc expected to be exchanged
chased b y
com pany
STOCK AND BO ND S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
for the consol bonds. Of the new bonds of the B ingham ton R y. Co., enough
S tock, $150,000, p ar $25............................................
$120,000 .......... .......
to re tire underlying bonds,
for acquisitions,
1st M. gold, $100,000 ($5001 1897
5 g M-N
_ 100,000 Nov 1 1917 a re reserved &c., under careful restrictioa nd the rem ainder re s u b j e c t to c a ll
extensions,
n s. The bonds a
e a c h ), n o t su b ject to call.c*l In t. a t Am. Loan& T r. Co., Boston. T ru stee
a fte r N ov. 1 1911 a t 110 an d In terest. See V. 73, p. 1312; V. 78, p. 701;
E A R N IN G S .— Fiscal y e ar ending Ju n e 30 1909: Gross, $51,328; net,
V. 88, p. 748.
$10,247; In te re st a n d tax es, $7,704; su rp lu s, $2,543.
D i v i d e n d s . — 2 % was paid J a n . 31 1902; 2 % Mar. 3 1903; 2 % A pr. 11
R O A D .— B arre to M ontpelier, V t., 9 H m iles, opened Ju n e 30 1898.
Pow er Is furnished by th e C o rry -D eav ltt Fro t E lectric Co. (capital $150, 1904 and 2% A pr. 10 1905. A scrip dividend of -0 % was paid A pr. 18
1905. In 1906, May, 2 M % . In 1907, Dec., 2 M % . In 1908, Dec., 2 M % .
000) u n d er a 10-year c o n tra c t from M arch 1 1909.
R O A D .—O perates 46 miles of tra c k . Connects B ingham ton w ith
O F F IC E R S .— P re s ., F . M. C orry. M ontpelier; V .-P ., H . K . B ush,
B arre, V t.; Sec. & T rea s., E. H D e a v ltt, M ontpelier; Gen. Mgr , I. M. F ro st, L estershlre, H ooper, E n d lc o tt, U nion and P o rt D ickinson. An extension
from Union to Owego Is being constructed. S ta n d a rd gauge, 60-lb. to 94-lb.
M ontpelier.— V . 84, p . 1246.
^
______
T and girder rail; 76 m otor cars and 27 trail cars.
R E P O R T .— Figures for y e ar ending Ju n e 30 1909: G ross, $331,777; n e t,
BATON ROUGE, LA.
$138,259; In terest a nd ta x e s, $107,549; surplus, $30,710.
O F F IC E R S .— Pres. G . T . R ogers; V .-P . Geo. E . Greene; S ecretary , Jo h n
BATON ROUGE ELECTRIC CO.
O R G A N IZ A T IO N . ETC.— O rganized In Louisiana: does en tire electric B. Rogers; T reas. II. C. H ardte; Gen M an. and P u r. A g t., J . P. E. Clark:
railw ay, electric-lighting, pow er and gas business In B aton R ouge. R ail Office, B ingham ton, N. Y .— V. 79, p. 1649; V. 88, p. " i s .
w ay franchise expires 1940; gas 1942, electric-lighting an d pow er 1988.
V. 88, p . 881.
BIRMINGHAM, ALA.
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
BIRMINGHAM RY. LIGHT & POWER.
$300,000 .....................
C om m on, $500,000 ($100)..............................................
C ontrolled by th e A merican Cities By. & L ight Co., which owns 88.3%
P ref., $250,000 ($100) 6 % ............................................
200,000 .....................
1st m ortgage, $750,000 gold! 1909
5 F-A
400,000 Feb. 1 1939 of th e com m on a nd 78.8% of the preferred stock. V. 83, p. 36.
O R G A N IZ A T IO N .— Consolidation on Ju n e 13 1001 of th e B irm ingham
($500 a n d $1,000)______c * iln te re s t a t C ity T ru st Co., B oston, tru ste e .
Gas Co., th e Consolidated Electric L ight Co. and th e B irm ingham R y .
S t o c k . — DIv. on pref. Is cu m u lativ e a fte r Ju n e 1912.
L ight & Pow er Co. Comprises all th e s tre et railw ays, gas a nd clcctrlc-llght
B o n d s . — $25,000 bonds a re In tre a su ry of com pany; rem ain in g bonds
m ay be Issued a t n o t to exceed 80% of cost of ad d itio n s a n d Im provem ents. and power p lants of B irm ingham a nd all the principal near-by cities and
May be called. In whole o r In p a rt, a t 105 and Int. on a n y In t. d ay . Sinking tow ns, w ith the exception of the gas business In Bessemer a nd the electric
lighting In N o rth B irm ingham . F r a n c h i s e s covering gas, electrlc-llght and
fund of 1% per an n u m of bonds o u t begins F eb . 1 1914.
E A R N IN G S .— F o r 12 m os. ending Dec. 31 1908, gross, $93,257; n e t, power business a nd stre et railw ay lines are, w ith some u n im p o rta n t excep
tions, s ta te d to be perpetual. Owns a nd operates a steam h eatin g p la n t la
$27,804. In 1907, gross, $80,054; n e t, $19,872.
R O A D .— O perates 3.5 miles of tra c k In form of a single b elt through B irm ingham .
Isidore N ew m an & Son of New Y ork and New O rleans arc Fiscal A gents.
B aton Rouge; 16 cars.— V. 84, p. 506; V. 88, p. 881; V. 89, p. 720.
O F F IC E R S .— P res., Chas. F . W allace; V .-P ., Edw. G odchaux; Sec.,
STOCK AND BO ND S.—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
A lvah K . T odd; T rea s.. H en ry B. Saw yer; Gen. M grs., Stone & W ebster.
................... $3,500,000
Common ($100) $3,500,000................
See text.
P referred stock ($100) 6 % )
3.500,000 J u n e ’00, 3%.
$3,500,000 cum ulative___ j ____
6 J -J
BEATRICE, NEB.
B irm ingham R y & El 1st M g) 1894
5 g J -J
957,000 Ju ly ____
.
. 2 1924
BEATRICE ELECTRIC COMPANY.
$1,250,000 ($1,000)___ c * JIn terest a t C entral T ru st Co., New Y ork.
O R G A N IZA TIO N .— Form erly operated th e s tre et railw ay In B eatrice,
4M g A-O 8,720,000 April 1 1954
7 miles, b u t this has since been given up and th ere Is no stre e t railw ay In Gen M ref $10,000,000 goldf 1904
($ 1 ,0 0 0 )_______________c*( In t. a t Com m erclal-G erm anla T r. cV Sav.B k.,
operation an y longer In B eatrice. T he B eatrice Electric now does only an
INew O rl., T ru stee, or a t N .Y .T ru st C o.,N .Y .
electric-lighting business.
R ef & exten M $25,000,000) 1907
6 g M-N
1,300,000 May 1 1057
($1,000)
gold
s in k in g )In terest a t Old Colony T ru st Co,. B oston,
BELLINGHAM, WASH.
f u n d --------------------------- c*J T rustee, and N. Y. agency of com pany.
WHATCOM CO UNI Y R A IL W A Y & LIGHT CO.— A trolley road.
B o n d s . — Of th e new $25,000,000 bonds. $9,677,000 are reserved for prior
O R G A N IZ A T IO N .— In co rp o rated In New Jersey on N ov. 26 1902. Con
liens, $ 1,200,000 for cost of new power house If first lien on sam e, balance for
trols th e en tire stre e t railw ay, gas, electric-lighting and pow er business of 80% of cost of additions If net earnings are 1 tim es th e Int. on all bonds
BelllnKiiain. Principal railw ay f r a n c h i s e expires In 1941; m inor railw ay o u tsta n d in g , Including those to be Issued, and provided 10% of gross earn
f r a n c h i s e In 1934; electric-lighting and pow er f r a n c h i s e In 1940; gas f r a n c h i s e
ings have been expended for m aintenance w ithin previous 12 m onths. T he
In 1941. In O ct. 1905 acquired th e N ooksack pow er p la n t of th e Belling directors m ay m ake the ra te of Interest on succeeding Installm ents n o t to
ham Bay Im provem ent Co. and also th e lighting franchises of th a t com pany. exceed 6% . B o n d s n o t s u b je c t to c a l l . Sinking fund of J4 of 1% of bonds
V. 81, p . 1316, 1494.
o u tsta n d in g s ta rts In 1918. For details of bonds, p ro p e rty , &c., sco V.
N e w S t o c k .— In Ju n e 1907 $220,000 old pref. stock o u tsta n d in g was re
87, p. 1603.
Of the general m ortgage of 1904, no m ore bonds can
tired (V. 84, p. 1369) and stockholders authorized a new Issue of $750,000 be Issued. Sink, fund, of M of 1% of bonds ou tsta n d in g , begins 1924. The
pref. sto ck . V. 85, p. 1144. Pref. stock Is redeem able a t 110.
bonds are s u b j e c t to c a ll on and a fte r April 1 1909 a t 105 and Interest. For
STOCK AND RONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
the 1st 5s of 1894, $12,500 per annum is payable Into a s i n k i n g f u n d ; $293,
Com m on, $750,000 ($100).......................................
$750,000 .....................
000 have been canceled.
Pref $750,000 6 % c u m ---------...
M-S
501.000 S e p t.’00,3 %
D i v i d e n d s . —F irst dlv. on pref. stock, of 3 % , paid In J a n . 1902, and 3%
F irst m ortgage, $2,500,000,) 1905
5 g M-N
1,518,000 Nov 1 1935 has been paid sem i-annually since th e n , to and Including J u n e 1909; on
gold ($ 1 ,0 0 8 )-,.,.,..-,,.
. j l n t . a t C ity T ru st Co., B oston, T rustee.
com. stock In 1003, 3% ; In 1904. 4% ; In 1905, 4% ; In 1906, 5% ; none since.
R E P O R T .— F o r calendar years:
Y ear.
G ross.
N e t a fte r
T axes.
In te r e s t a n d
S in k . F u n d
S u r p lu s
$206,310
$527,386
1908 ................................$ 2 ,1 6 7 ,5 4 6
$733,696
220,014
479,506
1907
2,220,999
699,520
394,459
427.516
1006
1,932,878
821,975
368,232
369,612
1005 1................................. 1,630,514
737,844
272,937
329.516
1004
1,424,145
602,453
269,097
304,755
1003
1,311,851
573,852
199,273
267,444
1002 ................................... 1,076,767
466,717
R O A D .— O perates 133 miles of tra c k In city of B irm ingham , and ex
te n d in g also to B essem er, P r a tt C ity, Ensley and several su b u rb s. S ta n
d a rd gauge. All b u t 21.3 miles 60 to 100-lb. T and g ird er rails. O perates
278 cars.
O F F IC E R S .— Pres, an d Gen. M gr., A . H . F o rd , B irm ingham ; V .-P s.,
Geo. II. D avis, New O rleans, an d Lee C. B radley, B irm ingham ; Sec.,
J.
P . R oss; T reas. and A u d ., C. M. C ory.— V. 84, p. 803, 1427; V. 85, p.
98, 220, 598, 653; V. 86, p. 479; V. 87, p . 1603.
AMERICAN CITIES RAILVVA Y ~& LIGHT C O — A holding com pany.
O R G A N IZ A T IO N .— In co rp o rated In New Jersey on J u n e 16 1906. H as
acquired over 85 % of th e c ap ital stocks of th e B irm ingham R y . L ight A
Pow er C o., th e M emphis S t. R y ., th e L ittle R ock R y . & E lectric Co., th e
K noxville R y . & L ight Co. an d th e H ouston L ig h tin g & Pow er Co. For
te rm s of exchange, see V. 83, p . 35.
Outstanding Securities American Cities R ailw ay & Light.
STOCK AND BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Com, $15,000,000 ($ 1 0 0 )--......................................... $10,761,165 J u l y ’09,1%
Q-J
6,906,178 O ct 09,1 H %
P ref, $12,500,000($100) 6 % c u m ___
S t o c k . — P referred sto ck m ay be redeem ed a fte r th ree years a t 107H and
accu m u lated d iv id en d s.
„
.. „
.
D i v i d e n d s . — F irst d lv . on pref. sto ck , 3 % ,was oald J a n . 1907; also U j%
A p r., 1M % J u ly , and 1V*% O ct. In 1908, 6 % . In 1909, J a n ., U S % ;
A p r . , l H % ; J u ly , 1 H % ; O c t . , l H % . F irst dividend on com m on— 1% —
p a id J u ly 1909.
i n c o m e A c c o u n t . — F o r y ear ending Dec. 31 1908:
D ividend on stock o w n e d ..$533,030 G eneral expenses A t a x e s .. $29,501
O ther Incom e............................ 14,867 Preferred dividends ( 6 % ) .. 414,366
B alance, s u r p lu s ............... $104,030
Gross Incom e....................... $547,897
Combined Earnings of Controlled Companies for Calendar Year.
‘
S u r p lu s .
N e t a f t e r t a x e s . I n t . A s. f' .
G ross.
*$901,531
1908.......... ......................... $5,43 5,495 $2,155,246 $1,253,715
*010,088
1,156,005
2,066,093
1907.......... ......................... 5,437,796
•1,029,876
2,035,534
1,005,658
1006.......... ......................... 4,710,637
........................................... ...............
.................
849.071
..............
867,781
1.716.852
1905.......... .......................... 3,896,713
O ut of these surplus earnings there have been set aside c ertain reserve
funds for b e tte rm e n ts, re-co n stru ctio n , depreciation, Ac.
L A T E ST E A R N IN G S .— F o r 6 m onths ending Ju n e 30: In 1909, gross,
$2,775,747; n e t, $1,166,984; In terest, $624,323: sinking fu n d , $12,750
surp lu s, $529,911. In 1908, gross, $2,629,523; n et, $1,044,776; Interest,
$608,317: sinking fu n d , $12,750; su rp lu s, $423,709.
O F F IC E R S .— P res., J . K . N ew m an, New Orleans: V .-P ., Geo. II. Davis;
New O rleans; Sec. an d T rea s., L. C arroll R o o t, New Y o rk .— V. 83, p. 35,
322, 1522“ V. 84, p . 1179; V. 88, p. 1251, 1431, ;1559, 1618; V. 89, p. 347.
Y ear.
BLOOMSBURG, PA.
COLUMBIA & MONTOUR ELECTRIC RAILW AY.
T he Colum bia Pow er, L ig h t A R y s., Incorporated In D elaw are w ith
$1,250,000 cap ital sto ck , has pu rch ased th e cap ital sto ck an d In som e cases
th e o u tsta n d in g bonds of a n u m b er of electric lighting a n d gas properties
of D anville, B loom sburg a n d Berw ick, an d electric railw ays connecting
th e se tow ns, am ong w hich Is th e C olum bia & M ontour E lectric R y . D etails
of new com pany a rc n o t av ailab le. V. 89, p. 410.
O R G A N IZ A T IO N .— In co rp o rated In P ennsylvania In 1900. Franchises
run 999 y ears.
STOCK AND BONDS.
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $375,000 ($ 5 0 )........................
....... ...........
$375,000
1 0 0 7 ,3 %
F irst m ortgage $375,000 gold\ 1901
5 g J -J
375,000 J a n 1 1931
($500 a n d $1,000)_____cArJ In t. a t C om m onw ealth T r. Co., H a rris!)., T r.
D i v i d e n d s .— F irst dividend -2 %— was paid O ct. 1903; also 2 % Oot
1904, 2% O ct. 1905 a n d 3% O ct. 1906 In 1907, 3 % .
E A R N IN G S .— F o r fiscal y ear ending J u n e 30 1908, gross, $73,375; net,
$27,911. In 1906-07. gross. $80,731; n et. $35,921; fixed charges, $18,750;
surplus, $17,171.
R O A D .— O perates 18 H miles of tra c k , e x ten d in g from Berwick to C ataw lssa. S ta n d a rd guage. 56-lb. T rail. 18 cars.
O F F IC E R S .— P res.. B. F . Meyers: V .-P ., E. R . Sponsler; Sec. an d Treas.,
W. M. O glesby, all of H arrisburg; S u p t , W m . Terw llllgcr, B loom sburg.
Offices, B loom sburg an d H a rrisb u rg .— V . 89, p. 528.
BLUFFTON, IND.
MARION BLUFFTON & EASTERN TRACTION CO — A trolley road.
O R G A N IZ A T IO N .—O rganized In 1905 In In d ia n a . P riv ate rig h t of w ay.
STOCK AND BO ND S— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on, $850,000 ($100).........................................
$8 0,000 ------- -------F irst m tge, $850,000 ($1,000)1 1907
5 g J -J
720,000 Jan 1 1937
gold no s f & not r c d - .c A r j l n t a t Marlon T ru st Co., Indianapolis, T ru st
B O N D S.— $130,000 are reserved for fu tu re b e tte rm e n ts u n d er certain
re stric tio n s.
R O A D .— O perates 32 miles of track betw een M arlon, w here connec
tion is m ade w ith In d ia n a Union Trao. Co. lines an d K okomo Marion &
W est. T rac . Co., a n d BlufTton, In d ., connecting th ere w ith F t. W ayne &
W abash V alley T rac tio n an d In d ia n a Union T rac tio n Co. S ta n d a rd
gauge. 70-lb. T -rall.
E A R N IN G S .— For 12 m o n th s ending D ec. 31 1908, gross, $100,914;
n e t, $44,646.
O F F IC E R S .— P res., H . C. Arnold: V .-P ., L. A. W illiam son; Sec. and
M gr., R . F . C um m ins; T rea s., W . A. K unkel; A ud., J . S. Clark; S u p t., C. W .
Clark; all of B luflton.
BOISE CITY, IDAHO.
BOISE & INTERURBAN RY. C O —A trolloy road.
O R G A N IZ A T IO N .— In co rp o rated 1896 In Id ah o .
STOCK AND B O N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
S tock, $5,000,000 ($100)............................................
$1 274,000 ...................
1st m tg ,$5 ,0 0 0 ,0 0 0 ,g($ 1 .0 0 0 )\ 1896
5 g A-O
1,024,000
1936
s f an d sub to call_____c A r jln t. a t Colonial T ru st C o., P ltts b ., T rustee.
R O A D .— O perates 37 miles of track betw een Boise an d Caldwell, Includ
ing 8 H miles In Boise. 70-lb. T rail. S ta n d a rd gauge. Owns a 550-ft.
5-span bridge over th e Boise R iv er. H as erected a freig h t term in al In Boise.
O F F IC E R S .— P res., W . E . Pierce, Boise: V .-P ., J u lia n K ennedy, P itts
burgh; Sec. a n d T rea s., T hos. B. McICalg, P ittsb u rg h ; G en. M gr., H a rry E.
D a lto n , Boise.
_____________________
BOSTON, MASS.
BOSTON ELEVATED RAILW AY.— ( S e e M a p o n p a g e 11.)
O R G A N IZ A T IO N .— C h arter g ra n te d In 1897 provides for an extensive
system of free tran sfers. T he com pany also. In a d d itio n to regular stre e t
railw ay ta x e s, has to p a y
of 1% of gross “ earnings of all lines owned,
leased or o p erated by I t,” an d a sum equal to th e excess of th e dividends
over 6 % . Its ch arter, how ever. Is un d ersto o d to “ g ra n t It exem ption from
reduction of fares, an d also o th er Im m u n ities.” (See M assachusetts R R .
Com m ission, V. 65, p. 1223.) E levated cars run w ith electricity by "th ird ra il” sy stem ; surface lines by trolley. Six miles of elevated road opened in
Ju n e 1901: in Aug. 1901 p u t In operation th e A tlan tic A ve. Loop Division.
L e a s e o f W e s t E n d a n d S u b w a y a n d T u n n e l s .— T h e W est End S tree t R y . Is
eased u n til Ju n e 10 1022.
In D ec. 1896 th e W est End S tree t R y . leased th e rig h t to use th e Boston
S ubw ay. See term s u n d er W est E nd S tree t R y .
On D ec. 24 1904 th e E a st B oston tu n n el (under B oston H arbor) was leased
by th e B oston E levated R y . u n til Ju n e 10 1922 for a re n ta l of H of 1 % of
earnings of all lines ow ned, leased o r o p e ra te d . T h e co m p an y also collects
a toll of one c en t per person, w hich goes to th e c ity . T h e tu n n el was opened
D ec. 30 1904. I t ex ten d s from th e m ain lan d to E a s t B oston, 1.4 miles,
a nd cost over $3,300 000.
On J u n e 28 1902 W ashington S tree t Subw ay bill becam e a law . T he city
has c o n stru cted a tunnel for elev ated tra in s a n d loased sam e to th e Boston
E lev a te d R y. for 25 years a t a n a n n u al re n ta l of 4 ^ % of to ta l cost of con
stru c tio n , which Is estim ated a t $9,000,000. V. 88, p. 98. Proposition
was ra tllle d by v o te rs a t th e Dec. 1902 election. V. 75, p. 28, 496, 1315;
V. 77, p. 2097; V. 82, p. 217. T he W ashington S tre e t tu n n el began opera
tion N ov. 30 1908. V. 87, p. 1477. In 1907 an A ct was passed m odifying
plans so m ew h at, and p e rm ittin g B oston T ra n sit Commission to c o n stru c t
a subw ay to be know n as th e R lverbank Subw ay, a n d giving this com pany
rig h t to lease tam e for 25 y e ars a t a n a n n u al re n ta l equal to 4 H % of n e t
cost thereof. A nother A ct passed in 1907 authorizes th e com pany to
build an elevated extension from Sullivan S q u are, C harlestow n, to M alden.
See V. 86, p . 105 T he ro u te for this extension has been approved b y the
M assachusetts R ailroad Commission. C onstruction has n o t y e t begun on
e ith e r of these tw o.
On April 29 1903 leased from th e Old Colony S tree t R y. all th a t com
p a n y ’s tra c k s In th e city of B oston, a m o unting to 23.753 miles. T he lease
Is for 99 years an d provides th a t besides paying taxes th e E levated Co. w ill
pay 6H % of replacem ent value (appraised a t $353,979, less th e re n ta l of
c ertain sh o rt pieces of tra c k appraised a t $13,866) of th e p ro p e rty leased as
of d a te Feb. 16 1 9 0 3 ,a n d 4 % o n th e cost of all add itio n s and b e tte rm e n ts.
S u b w a y s i n C a m b r i d g e .— In Ju n e 1906 a m easure passed by th e M assa
c h usetts L egislature becam e a law . w hich p erm its th e Boston E lev a te d to
c o nstruct tw o subw ays In C am bridge, and to Issue stock or bonds to m eet
the cost. A t th e end of 20 years th e city of C am bridge Is to have th e rig h t
to purchase these subw ays by paying th e ir cost plus 7 % In te re st, less d iv i
dends. V. 83, p. 93. See rem arks concerning these subw ays in c o m p a n y ’s
report for 1906. as given In V. 84. p. 155. Prelim inary work on subw ays Is
under w ay. T he com pany In 1908 filed w ith the Mass. R R . Comm, p re
lim inary estim ates of th e cost, show ing a n aggregate of $10,639,278. See
V. 87, p. 1662.
,
E x t e n s i o n .— An extension of th e elevated ro ad to F o rest Hills Is expected
to be In operation In w inter of 1909. In April 1905 $7,500,000 new bonds
were Issued to provide for this extension a nd for p a y m e n t of floating d e b t,
Ac. See V. 80. p. 1423.
„
D a m a g e s b y N o i s e .— In A ug. 1902 Judge M ason, In th e Superior C ourt
a t Boston, held th a t th e com pany Is liable for dam ages from noise caused
by th e operation of tra in s. V. 75, p . 496. This was affirm ed A pril 1903,
by M assachusetts Suprem e C ourt. V. 76, p . 809.
C o n s o l i d a t i o n w i t ft W e s t E n d S t r e e t R y . — U nder an A ct of th e M assachusetts
Legislature, approved M ay 28 1908, consolidation w ith the W est E n d S tree t
R y., now leased, Is perm itted ; 8% cum ulative first pref. stock is to be Issued,
share for share, for the pref. stock of th e W est E nd, and 7% cum ulative 2d
pref. stock for the com m on stock of th e W est E n d . V. 86, n. 917, 1342.
Com panies have u n til D ec. 31 1909 to accept th e A ct. On April 14 1909
W est E nd stockholders v o te d to p e titio n th e L egislature for perm ission to
consolidate w ith th e B oston E lev. on th e basis of a modified plan, w hich
calls for b e tte r security for bo th classes of Elevated pref. stock, w hich are
to be exchanged for W est E nd pref. a n d com .; 8% dividends on bo th classes
of stock from d a te of consolidation; and th e distrib u tio n of some $1,317,000
“ free a sse ts” am ong holders of W est E nd pref. and com. stocks. See
V. 88, p. 946, 1003. L egislature referred th e m a tte r to a com m ission,
consisting of th e B oston T ra n sit Commission and th e M assachusetts R ailro ad
B oard, to re p o rt to th e n e x t L egislature. V . 89, p . 44.
STOCK AND BONDS.
D a te .
I n te r e s t.
O u ts ta n d in g
M a tu r ity '
F-A
$13,450,100 A u g l6 ’09 3%
Stock. $23,000,000 ($100).............. ..
D ebentures, gold_______ cA r\ 1905
4 g M-N
8,500,000 May 1 1935
jO ld Colony T ru st Co., B oston, R eg istrar.
D ebentures, g o l d . . . ............ cA r 1907
4H %
4,800,000 O ct 11937
B o n d s . - - T h e coupon bonas are In denom inations of $500 a n d $1,000 and
registered bonds are In denom inations of $1,000, $5,000, $10 000 and
$50.000.
On April 30 1907 shareholders v oted to Increase th e a uthorized sto ck to
$21,300,000 and th e bonded d e b t from $11,000,000 to $16,800,000, to
provide for new construction and equ ip m en t. See s ta te m e n t In V. 84. p.
1051.
M assachusetts Commission was p etitioned for a u th o rity to
Issue $8,000,000 of the new stock; also a u th o rity to Issue $5,800,000 of the
new bonds for th e cost of pow er a d d itio n s, new eq u ip m e n t an d th e F orest
Hills extension. This la tte r a u th o rity was g ran ted In J u n e 1907. Of this
am o u n t $1,000,000 has been Issued as 4s m a tu rin g May 1 1935 and re m a in
ing $4,800,000 were sold as 4 K s m a tu rin g O ct. 1 1937 ($2,500,000 a t p u b
lic sale an d $2,300,000 to a syndicate headed by R. L . D ay & Co. V. 85,
p. 865, 920; V. 86, p. 277. In Dec. 1908 Mass. R R . Commission sanctio n ed
$6,650,000 ad d itio n al stock (raising stock to $19,950,000) a t $110 per share
(Instead of the $8,000,000, p e titio n to Issue w hich was w ithdraw n, V. 85,
p. 1461). to defray the cost of th e C am bridge subw ay and for the c o nstruc
tion of th e E a st C am bridge and th e W est E nd elevated lines. V. 87, p .
1662. Subscriptions to new stock a re payable $25 J a n . 12, $30 J u ly 6,
$25 O ct. 18 1909 and $30 J a n . 25 1910. V. 87, p. 1662; V. 88, p. 1372.
D i v i d e n d s . — First dividend. 2 U %. was paid Aug. 15 1898.
In 1899,
5 1 4 % : In 1900, 4 H % ; In 1901, 5 H % ; from 1902 to 1008 Inclusive, 6%
yearly; in 1909, F e b ., 3% ; A ug., 3 % .
„
A N N U A L R E P O R T .— R ep o rt of B oston E lev ated R y . for y e a r ending
S ep t. 30 1908 In V. 88, p . 98. F o r 1907, In V . 86, p. 105. F or 1006, In
V . 84, p . 155.
1907-08.
1906-07.
1905-06.
1904-05.
Revenue p a s s e n g e r s ...*273,132,584*271,084,815*262,267,240*246,041,776
52,061,569 50,280,786 48,273,622
Car miles r u n . ................... 51,857,889
Gross earnings................ .$14,074,697 $13,052,960 $13,527,185 $12,689,676
N et e a r n in g s ..................
4,620,311
4,305,821
4,220,235
4,072,023
In te re s t on d eposits___
______
58,201
107,426
51,893
T otal n e t.....................- $4,620,311
D e d u c tio n s —
$668,280
In t. on W est End d e b t- .
574,113
Taxes, W est E n d ............
294,017
Taxes, B oston E lev ated
117,189
C om pensation ta x ..........
205,522
R ental of su b w ay ............
Dlvs. on W est E nd stock 1,270,841
9,180
O ther re n ta ls __________
41,283
R ent to OldCol .S t. R y .. &;C.
348,137
In t. on Bos. El. fu n d .d ’t
51,685
E a st Bos. T u n 'l r e n ta l.
D cprcclatlon fu n d ..........
200,000
$4,364,022
$4,327,882
$4,123,916
$650,319
525,509
318,189
123,276
207,274
1,200,874
0,180
40,362
306,389
51,371
100,000
$653,680
573,204
344,823
115,987
201,260
1,190,248
9,180
37,783
300,000
49,708
$654,758
579,226
358,905
109,202
193,142
1,190,248
9,180
33,772
125,000
35,398
$840,064
798,000
$831,279
798,000
$851,778
798,000
$835,085
798,000
$42,064
$33,279
$53,778
$37,085
D ividend (6% ).
Surplus for y e a r.
* These figures cover revenue passengers only. No d a ta available as to
free tran sfer passengers.
.
_. . . .
R oad S ep tem b er 30 1908.
M ile s .
M ile s .
M ain line 1st track (6.6 m ." L ” ) . .228 O w ned b y W est E n d ____ _____ 405
do
2d tra c k (6.5 in .“ L ” ) ..1 9 3 Leases, trackage, A c .(1 6 .8 m ."L ” ) 69
Sidings, Ac. (3.6 miles “ L ” ) ..........53
T o tal (16.8 m . * 'L .” ) ________474
T otal (16.8 miles “ L ” ) ---------- 474 E lectrically e q u ip p e d .............. ........ 458
W elg h to f girder rails Is 70 to 100 lbs. Cars, 3,598; horses, 257: electric
m otors. 6,220; snow plows, 298; snow -sleds, 622; mlsc. vehicles, 553.
O F F IC E R S .— P res., W illiam A. B ancroft; V .-P ., Charles S. Sergeant;
T rea s., H enry L. W ilson; Sec., D aniel L . Preiulergast; A ud., J . II. N eal.—
V. 86, p. 105. 277, 917, 1342: V. 87, p. 872, 1089, 1237, 1290, 1357, 1477,
1662; V. 88, p. 93, 373, 943, 1001, 1372.
C o m p a n ie s C o n tr o lle d b y B o s to n E le v a te d R a i lw a y C o .
(1) W est End Street R ailw ay.— A trolley road.
O R G A N IZA TIO N .— Leased to B oston E levated R y. u n til Ju n e 10 1022
a t 7 % on common and 8 % on preferred In ad d itio n to th e p a y m e n t of
ren tals, Interest a nd o th e r charges. E levated assum ed possession J a n . 1
1898. See term s In V. 65, p. 1223. Consolidation proposed w ith th e Bos
ton E levated R y. See p articulars under la tte r com pany.
In Dec 1896 leased th e rig h t to use the subw ay a t 4 H % of th e n e t cost
of subw ay, stated ap p ro x im ately as $5,786,000 In S ep t. 1898, w hen th e
th ird a nd la st section was opened. E ntire length Is 1 2-3 m iles, w ith a
trackage of a b o u t 5 miles. See V. 63, p. 1065, 1117; V. 67, p. 528.
In A pril 1907 th e M assachusetts R ailroad Commission authorized
$420,000 additio n al com m on stock a t $85 p er $50 share, to cover cost
of Im provem ents m ade by th e B oston E levated. V. 84, p . 572, 805.
The stock w as a t once oilered to shareholders a t th a t figure. V . °4 ,
p. 932. Of this. $56,500 w as no t tak en by th e shareholders, a nd in Ju n e
1907 th e Commission au th o rized the sale of th e sam e a t a uction a t not
less th a n p a r. V. 84, p. 1369. T he prices received ranged from 81?*
to 83 % . V . 8 4 . P . 1553. In Dec. 1907 th e Commission authorized a fu rth er
Issue, for sam e purpose, of $1,010,900 com m on stock, fixing Issue price
a t $70 p e r $50 share (V. 85, p. 1520. 1578), a t w hich bgure (plus accrued
dividend) It was offered to stockholders (V. 86, p. 53); $935,450 was taken
and rem aining $75,450 was sold a t public auctio n , bringing $80 n per
share. V 86, p. 109, 482, 549
STO CK A N D B O N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
C o m sto ck ($50)$11,120,150----------7 A-O 511,120,150 O c t ’09, 3 K
Preferred (550) 50,400,000.................
8 J -J
6,400,000 J u ly ’00, 4%
1804 4 ^ r M-S
2,000,000 Mch 11914
Gold bonds of 1804...................
Gold bonds of 1806, 52,275.1 1806 4 g M-N
815,000 May 1 1016
000 n o t m o rtg ag e d _____ !
G old bonds of 1807, 52,700.-1 1807 4 g F-A
2,700,000 F eb 1 1017
000 n o t m o rtg ag e d -------- cl
C urrency bonds (51.000) n o tl 1000 4 F-A
4,743,000 A ug 1 1915
m o r tg a g e ---------------------- c jIn te re s t a t Old Colony T ru st Co., B oston.
B onds (51.000)........................c* 1002 4 F-A
5.700.000 A ug 1 1932
4^ JJ
700,000 J a n 1,1023
B onds ($700,000)------------c& r 1908
B o n d s .— W ith th e exception of 1900 Issue (noted above) In terest on all
Issues is p ay ab le a t A m erican T ru st Co., Boston.
O F F IC E R S .— P re s., Joseph B. Russell; T rea s.. P a rk m a n D exter.—
V. 87, p . 1012, 1089, 1161. 1534; V. 88, p . 102, 824, 946, 1003; V. 80, p. 44.
(2)
Somerville Morse R R.
Owns 8.03 miles of tra c k . Leased to W est End S tree t R y . for 50,180
.yearly— 6 % on 5153,000 stock. D ividends are p ay ab le (M&N) in Boston.
BOSTON SUBURBAN ELECTRIC C O M PA N IES.— A tro lley system .
O R G A N IZ A T IO N .—This com pany Is a v o lu n ta ry association form ed In
N ov. 1901 on th e sam e lines as th e M assachusetts E lectric Companies. The
properties controlled a re th e N ew ton & B oston S tre e t R y ., L exington &
B oston S tre e t R y .. M iddlesex & B oston S tre e t R y . (into w hich the N atick
& C ochituate S t. R y ., th e W estboro & H o p k p ito n S t. R y . an d th e N ew ton
S tre e t R y. have been m erg ed ), an d th e N atick & N eedham S tree t R y. The
en tire Issues of th e sto ck of these roads have been acq u ired . In 1902 also
purchased N orum bega P a rk an d L exington P a rk . Also owns all of the
550.000 sto ck of th e S u b u rb an Mfg. Co. (com pany has no b o n d s). In 1908
Mass. R R . Com m ission su sta in e d a ctio n Increasing fares on several of the
subsidiary lines from live to six cents. V. 87, p. 345. H as acq u ired freight
rights in several of th e tow ns along its lines.
, ,
W a l t h a m G a s P r o p e r t y . — In 1902 secured en tire (5324,700) c ap ital stock
of th e W alth am Gas L ig h t Co., V. 74, p. 377. On April 28 1900 sh arehold
ers v o te d to sell p ro p e rty a n d liq u id ate com pany. T he price received was
51,100,000, b u t 5350,000 will go to re tire o u ts t’g n o tes, leaving 5750,000
cash. This Is to be used to reduce B oston Sub. Elec, lloatlng d e b t, to retire
th e shares of th e la tte r originally issued to cover th e W alth am Gas p roperty
an d to p a y som e of th e back dlvs. on Bos. Sub. Elec, p re f. See V .89,p .720.
STO CK . -S h ares have no p a r value, b u t in case of liq u id atio n th e p re
ferred shareholders will be en titled to 5100 per sh are, w ith accrued d iv i
dends; th e com m on shares p articip atin g pro ra ta In th e rem aining assets.
(See V. 73, p. 1150, 1263.) In 1904 15,635 shares of preferred and 15 635
shares of com m on were offered to shareholders a t 566 67 for one share of
pref. and one sh are of com . Jointly. In S ep t. 1900 stockholders vo ted th a t
4,694 pref. an d 1,173 com. shares, originally Issued fo r purchase of W altham
Gas & Elec. Co., be re tire d . V. 89, p. 720. 846. L isted on B oston Stock
Exchange In A pril 1905.
.
„
. . . . .
D a te .
in te r e st.
O u ts ta n d in g .
M a tu r ity .
_
- _ 5 1,409 s h . — . . . ------- Common sto ck - - - - - - - - _________ _
P referred stock, $4 p er sh. c u m ----Q-J
50,619 sh. O c tl5 ’09,75c
Coupon notes, (51,000,55,0001 1008
5 J -J
5500,000 J u ly 1 1010
510,000 an d 5 2 5 ,0 0 0 )___ j l t.
B oston Safe D ep. & T ru st Co., trustee
N o t e s .— T he n o tes w ere originally secured by deposit w ith tru ste e of
5325.000 notes of N ew ton S tre e t R y ., 5200,000 notes of N atick & Cochltua te S t. R y ., 575,000 notes of N orum bega P a rk Co. an d 5150,000 of th e stock
of th e W alth am Gas L ight Co. V. 87, p. 36.
R O A D .— C om panies owned and controlled operate In th e aggregate about
141 miles of tra c k from N eedham on th e south to Lowell on th e n o rth , and
connecting a t five points w ith th e track s of th e B oston E levated R y. At
W estboro connection is m ade w ith th e W orcester C onsolidated.
D i v i d e n d s . — Elrst of 51 on preferred paid A pril 1902; also 51 Ju ly 1002
and 51 O ct. 1902. In 1903, 54; In 1004, 53; In 190;>, ? 2 ; in 1906,52 75;
In 1007, S3. J a n ., Apr. an d Ju ly 1908 d lv . passed, m aking a rrears of dlvs.
to la tte r d a te 59. V. 85. p. 1645. In O ct. 1908 dlvs. resum ed an d paid
75 c en ts. In 1900, J a n ., A p r., Ju ly a n d O ct., each 75 cents.
R E P O R T .— F o r fiscal y ear ended Sept. 30 1908: Incom e, gross, 5223 530;
n e t, 5177,222; d lv s., 535,339; su rp lu s, 5141,883; bad acc ts, 51,2o2; re
m ainder, 5140,631.
O F F IC E R S .— P re s ., Jam es L . R ichards: V .-P ., W m . F . H am m ett; T reas.
A lden E . Vlles; See., A . A. B allantlne; A sst. T rea s., G. M. Cox. V. 86.
p. 1466, 1528; V .87, p.36, 345, 812, 1418, 1532; V .88, p.1126; V. 89,p.720,
846.
(1) Lexington & B oston Street R y .—Trolley.
O R G A N IZ A T IO N .— In co rp o rated in Ju n e 1809. O peration begun In
E A R N IN G S .— F o r y e a r ending S ep t. 30 1908 (Including W estboro &
H o p k lnton S t. R y ., N atick & C ochituate S t. R y. an d N ew ton S t. R y .) , gross.
5572,721: n et, 5167,187; charges, 5103,156; dlv s., 562,100 (56,000 N a t. &
Coch., 815,000 Mid. & B os., 541,100 New S t. R y .); surplus, 51,931.
R O A D .— Owns 84.723 miles of track an d operates In cities of N ew ton
a n d W alth am an d tow nship of W atertow n ;runs from H opkln to n to South
N atick an d W estboro; also connects N eedham , W ayiand an d W ellesley.
R ails, 75-lb. T . V. 85, p. 221; V. 87, p. 1420; V. 88, p. 1107; V . 89, p. 778.
MASSACHU SETTS ELECTRIC C O M P A N IE S — E lectric lig h t and stre e t
railw ays. ( S e e m a p o n p a g e 13.)
O R G A N IZ A T IO N .— Form ed In May 1809. Is n o t an Incorporated
com pany, b u t a v o lu n ta ry association m anaged by a board of fifteen tru s
tecs, who hold th e title to Its assets. M essrs. E . R ollins Morse & B ro. and
T u ck er, A n thony & Co. of B oston, who prom oted th e c om bination, In Ju n e
1890, In offering some of th e stock for public subscription ( 5 1,0 0 0 of p re
ferred and 5500 com m on w as offered for 51.050), sta te d th a t " th e D eclara
tio n of T ru st contains s tric t provisions a gainst th e creation of an y Ind eb ted
ness w hereby a n y shareholder or tru ste e can b e h e ld to any personal lia
b ility .” C om prised originally betw een 30 an d 40 s e p a ra te p ro p e rties, b u t
th ro u g h consolidation th ere are only tw o o p eratin g com panies, nam ely th e
B oston & N o rth e rn S t.R y . and th e Old Colony S t. R y ., besides th e H yde
P a rk E lectric L ig h t C o.T he following Is a list of th e com panies co n tro lled ,
w ith th e ir share cap ital. Sept. 1 1909.
C O M PA N IES C O N T R O L LE D S E P T . 1 1909.
S iia r e s . |
sh ares.
Bost. & No. S t. R y .. c o m ___ 110,4321Old Colony S t. R y., p re f----- 3,726
Bost. & No. S t. R y ., p re f_
_ 7,236 H yde P a rk Elec. L ig h t C o .. 2,875
- Old Colony S t. R y ., com — 77,1221
T otal
-- _____________ - ___________ 2 0 1 ,.191
Of th e "above ‘201.391' shares," the 'M assachusetts Elec. Com panies owns
practically all except the pref. shares of the B oston & No. (7,236) a n d of the
Old Colony (3,726 shares). T he system com prises electric s tre e t railw ay
lines in 22 cities and 70 tow ns In E astern M assachusetts and New H am pshire
a n d R hode Islan d . T he com panies given cover th e g re a te r p a rt of the s tre e t
railw ay m ileage n o rth of B oston as fa r as N ashua, N . H .. an d N ew buryport
and G loucester, M ass., and sou th as far as Fall R iver and New Bedford,
M ass., an d N ew port, R. I., connecting directly w ith the s tre e t railw ay
sy stem of B oston. Various electric-lighting com panies doing business in the
sam e section a re also Included.
STOCK A ND B O N D S.—T he share cap ital Is represented by certificates
of p a rtic ip a tio n , which give th e ow ners a p ro p o rtio n a te In terest In th e shares
held by th e tru ste e s. B oth classes of shares are reported ex em p t from ta x a
tio n in M assachusetts. Listed on th e B oston Stock Exchange In A pril 1901.
85 500.000 preferred stock was authorized May 29 1002 and sold to a syndi
c ate. F o r c o n s o l i d a t e d b a l a n c e s h e e t o f c o m p a n i e s c o n t r o l l e d , s e e V . 8 7, p .
1475- ibis balance sheet shows 519.0-12,900 aggregate stock uf th e controlled
com panies S ept. 30 1908, 517.856.500 fuuded d e b t S ep t. 30 1008 and
52 014,000 notes p ayable to outsiders.
D a te .
Com m on stock, p a r 51001
(514 2 9 3 ,1 0 0 )........................J
P ref. stock, p a r 5100 (520.-1
R a te .
O u ts ta n d in g .
....................
D iv id e n d s .
514,293,100
4 J -J
..........
20,557,400 J ly ’09,1
H %
Coupon notes, 53,500,000,1
1005 4 H S J -J
3,500,000 Ju ly 1 1010
red a t 102 any Int d a te )In te re s t a t Old Colony T ru st C om pany
(51 000) gold
_______ JB oston, T rustee.
Of th e new coupon notes of 1905, 52.700,000 were Issued to retire th e
prior notes. T he collateral for these notes consists of 53.656,300 stock of
th e Old Colony S t. R y . and 5718,700 stock of th e B oston & N orth ern
S t . R y . See V . 81, p. 726. 1436.
R E P O R T .— R ep o rt for th e y ear ending S ep t. 30 1908 (see "C hronicle”
Dec. 5 1008, p. 1475), shows receipts from dividends, 5880,841; from intere s to n notes, &c.. 5107,062; to ta l, 5988,803; expenses, 519,396; In terest,
5 1 5 7 , 500 ; surplus, $811,907; previous surplus, $1,566,885; to ta l su rp lu s,
$2,378,792.
C O N SO LID A T ED IN CO M E ACCOUNT O F C O N T R O L L E D COS.
1904-05.
1906-07.
1905-06.
1907-08.
Y e a r e n d . S e p t . 30—
E a rn in g s ........................... $7,809,010 $7,758,511 $7,518,240 56,734,127
4,883,552
4,456,303
5,000,652
5,001,517
Expenses ____________
N et e a r n in g s .---------C h a rg e s ______________
$2,807,493
1,784,438
$2,757,850
1,702,623
$2,634,688
1,594,503
$2,277,824
1,543,514
f^TOCK AND BO N D S.
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5525 000 (5180) ______ - ................................ 5525,000 In '0 3 -0 4 ,1 %
D ivisible Incom e.........
D iv id e n d s ------- -------- -
$1,023,055
880,773
$1,055,236
880,773
$1,040,185
710,406
$734,310
372,448
F1(310OO)gag0 5500’000 S° c * \In te re s t a ^ e ^ T r u s ^ ^ B o M o ^ . T m sC
$361,862
$320,779
$174,463
. $142,282
D IV ID E N D S .— F irst dlv. on pref. stock, 2 %, was paid Dec. l isoo; also
2 % Ju n e 1 1900. D lv. period th e n changed to J& J a nd 2 1-3 % paid J a n .
1001; Ju ly 1001.2 % ; in 1902, 4 % :In 19 0 3 ,4 % : In 1004, J a n ., 2 %; Ju ly , 2 %.
T h e J a n . 1005 dividend was passed an d none paid u n til J a n . 1909, w hen 1%
paid: J u ly , 1 H % - See V. 79, p. 2642, 2456; V. 85, p . 1646, a n d V. 87.
p . 1420.
P L A N T .—T he s tre e t railw ays controlled have 803.030 miles of m ain line
a n d own and lease 034.663 miles of track; o p e ra te 907.575 miles; own and
op e ra te 2,015 cars, of w hich 025 a rc closed an d 1,000 open cars. Pow er
cap a c ity , 47 engines, 38,550 li. p ., an d 55 generators, 26,255 k . w.; 8 t u r
bines, 17,250 h . p. a nd 11,500 k. w.
O F F IC E R S .— P res., Gordon A bbott: V .-P ., Charles E. C ottlng; Sec.,
E v e re tt W . B u rd e tt; T re a s., J . H . G oodspeed; Gen. M gr., P . F. Sullivan;
_r» n o n n RArtlAft. TCxftniitlvA C om m ittee: P nllln D exter.
C'B X V a r e 1 b Je ^ Ceo ca?l before Ju ly 1 1905 a t 110. t h in u°nUl JuTy 1 YoTo
su
a t 107 Vi an d th e re a fte r a t 105.
E A R N IN G S .— Y ear to S ep t. 30 1908: Gross, 5151,593; n e t, 532.092;
barges, 541,002; def., 58,910.
R O A D — Ow ns an d o p erates 32.356 m iles of tra c k , leases 0.745 m iles
to ta l 33.101 m iles, e x ten d in g from A rlington H eights (term in u s of B oston
E lev ated system ) th ro u g h Lexington an d Bedford to B illerica, w here cars go
th ro u g h to Lowell w ith o u t change, an d also to th e Sullivan Square C harles
tow n, s tatio n of th e B oston E lev ated R y ., w ith branches to W altham and
to Concord; laid w ith 05-lb. girder rail a n d 60 an d 70-lb. T ra il; o perates 170
m o to rs, 23 box an d 38 open cars; to ta l, 61 cars; 7 snow -plow s, 2 w ork cars.
— V. 83. p. 155, 818.
(2) N ewton & B oston Street R ailw ay .—Trolley.
STOCK AN D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, 5250,000, p a r 5100.........................................
5200,000
1st m tge for 5500.000..............1 1892
5 J -J
200,000 Ju ly 1 1912
N ot su b ject to call.
j l n t . p ay ab le a t A m . T r. Co., lru s te e , Boston
C urrent liabilities Sept 30 1908--------- ------------^25.70(1
------.-----D iv id e n d s. — In 1898,5 %: In ’09. J a n . , 1 H %; In A pril, 1 H % . None since.
E A R N IN G S .— For y c a re n d ln g S e p t. 30 1008, gross, 500,651; n e t , 510,328;
In terest, ta x e s, & c., 538,558; b alan ce, deficit, 510,235.
R O A D .— Ow ns 0.748 m iles tra c k ; tra c k leased, 2.154 miles; T otal
tra c k a g e. Including sidings, 11.902 m iles.
(a) N ewtonville & W atertow n Street R y.—Trolley,
O R G A N IZ A T IO N .— O p erates a b o u t 5 miles of tra c k . S tock, $50,000;
o u tsta n d in g . 550,000; p a r 5100. U nfunded d e b t S ep t. 30 1008, 550,650.
No funded d e b t. O perated by N ewton & B oston S t. R y .. un d er lease of
1897, a t a re n ta l of 7 .2 % p er an n u m on th e sto ck , payable F eb ru ary and
A ugust.
(3) M iddlesex & B oston Street R y .— Trolley.
O R G A N IZ A T IO N .— O rganized In 1007 an d took over th e South M iddle
sex S tre e t R y ., sold a t receivers’ sale Ju ly 1 1907. In N ov. 1908 M assa
c h u se tts R R . Commission g ran ted perm ission to consolidate w ith th e w e st
boro & H o p k ln to n S t. R y. a n d N atick & C o ch itu ate S t. R y .. an d to issue
5140.000 ad d itio n a l stock to exchange for like a m o u n t of stock of la tte r
tw o com panies. V. 87, p. 1420.
, ..
,, . ,,
. ,
In J u n e 1009 M assachusetts R R . Comm, ap p ro v ed th e consolidation w ith
th e N ew ton S tre e t R y. (Into w hich W alth am S t. R y . had been merged
an d w hich had acq u ired C om m onw ealth A ve. S t. R y . an d VVelleslcy &
B oston S t. R y .) , an d sanctioned a n issue of 5822,000 new stock to carry o u t
SaOn A u g .8l9 ’l 90877M assachusetts R R . Comm, gave a decision sustaining
N ewton S t. R y .’s rig h t to charge 6-cent fares a n d to charge one cent e x tra
(beyond th e o rd in a ry 5 cents) for each tra n sfe r Issued. Sec V. 87, p. 345.
In Aug. 1009 Comm, g ra n te d th e M iddlesex <e B ost. th e rig h t (for a n ex
5
perim ental period of one year) to charge one cen t e x tra (boyond th e rogular
5 cents) for each tra n sfe r Issued.
„
..
STOCK AND B O ND S.— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
s to c k , 51,202,000............................................................. 51,262,000
...................
So Mid S tR y . 5100.000, g o ld .. J 1895
5 g F-A
100,000 Feb 1 1015
(in te re s t a t In te rn a tio n a l Trust Co., B oston
W est & H opk S t R y ................................
5%
40,000
Nov l 1922
N ew ton St R y 1st M cu r n o t) 1892
5 J -J
500,000 Ju ly 1 1012
subj to call (5500) 8500,000jI n t . p ay . a t Am. Loan & T r Co.. B ost. T rus
C om m onw ealth Ave first m tg l 1806
5 g F-A
75,000 1-eb 11016
575 000 (5500) go ld _____o * JIn t. a t In te rn e t. T r Co., Boston, Trustee.
W altham S t R y 1st m tg e,] 1005
5 g J-D
100,000
1025
5100 000 (51.000)................ t i n t , a t A m erican T ru st C o., B oston, T rustee.
P a rk e r PhlUD Li. bclltonsuiii tiiiu v/iuiries j%
.
w iu tu , o** oyato w .*
ju
B oston
V 86. p 668; V. 87. n . 812, 1358, 1240. 1475. 1605; V . 88.1p.
23 1 ,3 7 5 ; V. 88. p 883, 1437, 15&0: V. 89, p. 163, 348.
(1) Boston & N orthern Street R y —An electric ro a d .— ( S e e M a p o n p . U l . )
O R G A N IZA TIO N .—This was th e Lynn & B oston R R ., b u t on July 23
1901 nam e changed to present title . T he Lynn & Boston RR. was Incor
p o ra te d u n d e r law s of Mass. A pril 6 1859. In 1000 absorbed th e Gloucester
8 . R y . (which J a n . 18 1900, had absorbed th e R ockport S t. R y.) a nd th e
wklrftflpld & S tone ham S t R y .. w hich la tte r, on D ec.31 1899, h a d absorbed
W oburn 1 R e a d in g .th e s ile m A W akefield, th e M ystic V alley an d th e
* Tnweii
In A pril 1001 acquired th e Beverly & D anvers. In
m
on 1 absorbed th e Lowell Law rence & H averhill and th e N o rth W o
b urn
T he Lowell Law rence & H averhill had In N oy. 1000 been consoli
d a te d w ith th f L o w e ll & S uburban andl th e fla tte r-h a d p r e v i o u s r e c e i v e d
a u th o rity to lease the N ashua S t. R y. On M ch. 2 io o j absorbed the
G1In C
Juner
Mocle In exchange share for
T h e ^ n ^ d l ^ o n ^ ^ D a n v e ^ h a d ^ r ^ v I o ^ l y ^ b s o r ^ 'd ^ h e I^averhU l5 A ndo
*
ver6S t.^R y ^an d th c Law rence &P eadlng h a d absorbed the R eading W akeR
flel.l A I vnnfleld S t R y . In Sept. 1006 exchanged Its stock for stock of
th e G eorgetow n Row ley & IpswlcE S t. R y . and th e Lowell & B oston S t. R y
V 'On Mar.*17H
1908 shareholders authorized a n Issue of 51.250.000 6 % cum u
la tiv e preferred stock to re tire floating d e b t. V. 86, p. 720. M assachusetts
»nlirn?rl Commission on N ov. 14 1008 g ranted a u th o rity to Issue $723,600
oVthis a t 1 1 0
V 87, P 1358
in AugflOOO Comm, authorized an increase
h i pref stock of $588,300 (not y e t out) a t 115. V. 89, p. 163, 348. In
J u n e 1909 Mass R R . Comm, a uthorized $536,000 ($520,000 o u t’g additional
re f bonds. V. 88, p . 748, 1437, 1560.
In 1907 o btained perm ission to do a freight business In a m a jo rity of the
tow ns along Its line.
STOCK AN D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g . L a s t d l v . ,A c
Stock c mm on (par $100)
..................... - ........... $11,043,200 In 1908. 5%
S tock, p re t ($10(8 $1,311,005if " I F-A
’7 23:60 0 A ug. 1009.3
R ef m tg e !'$15,000,000',~gold/ 1004
H
S tree t* R y consol}1ISOO* W
4 g J -J
3,365,000 Ju ly 1 1054
™
(?1'0 0
0 )............. M U *
Essex E lectric 1 s t....... ..........jom° Colony"JT ru st Co.,
B oston, T ru stee.
STOCK A N D BONDS—
D a te . In te r e s t.
O u ts ta n d in g . L a s t d l v .,& c .
L ynn & B oston 1st m tge, g ,l
1804 5 g J-D
$3,723,000 Dec 1 1924
$5,370,000 ($1,000)___ c ’ / I n t . a t Old Colony T r. Co., B oston, T rustee.
G R & I 1st m tge ($1,000),!
1900 5 g J-D
180,000 Ju n e 1 1020
$180,000, g o ld___________ /In te r e s t a t C ity T ru st Co., B oston, Iru ste e .
H G & D 1st m tg e ......................... 1899
5
35.000 Mch 1 1919
Coupon n o tes, $405,000______ 1897 6 A-O
405,000 A pril 1 1917
P lain bonds secured by Lynn
& B oston m tg e of 1894—
186.000 Mch 1 1912
5 M-S
L y n n & B oston, d e b .:____ 1892
24.000 Sept 1 1910
N aum keag, d e b _____________ 1890
6 M-S
10.000 Ju ly 1 1911
do
.................
1891
6 J -J
125.000 Dec 1 1916
G loucester Ks’x &Bev 1st M,1 1896
5 g J-D
$125,000 ($1,000), g o ld .c ’ j In te re s t a t A m er. T r. C o., B o sto n, T ru ste e
W akefield & Sto n eh am 1st! 1895
5 g M-S
150,000 Mch 1 1915
m tg e, $150,000, gold___ cj
The la st Issue Is redeem able a t 105 a fte r M arch 1 1900. In te re st a t A m er
ican T ru st Co., B oston, T ru stee.
_
T he M ystic Valley S t. R y . has o u t $60,000 gold 5s, due J a n . 1 1919.
T he R o ck p o rt S t. R y . has o u tsta n d in g $12,500 6 % coupon notes d u c O ct.
15 1916, In terest payable A pril and O ctober,
The G loucester & R ockport has o u tsta n d in g $10,000 6 % coupon notes
d a te d F eb . 1 1895 and due Feb. 1 1915.
L O W E L L L A W R E N C E & H A V E R H IL L .
STOCK A N D B O N D S -D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock ($100), com m on_______
W as exchanged for L,ynn & B oston.
M errim ack Valley S tree t R y l 1891 5 g A-O
$342,000 A pril 1 1911
1st m tge, g o ld ....... ............. . /I n te r e s t a t In te r. T r. Co., T ru stee, B oston.
Lowell Law rence & H averhill) 1893 5 g J-D
880,000 June 1 1923
1st m tg e, $1,900,000, gold, jSubJ. to call for th e sin k , fund a t 105 & Int.
$1,000 ________________c ’ j l n t . a t A m er. T ru st Co.. T ru stee, B oston.
People’s .St R y , W est New j 1898 5 J - J
64,000 J a n 1 1928
b u ry . Mass, 1st m o rtg a g e /In te re s t a t S ta te S tre e t T ru st Co., B oston,
bonds, assu m ed__________ J
Low. Law . & H av. C o n s o l s of 1893 are reserved for M errim ack Valley
bonds w hen due. $22,000 have been called.
Lowell & Sub S t R y 1st m tg e. 1 1891 5 g J-D
1,000,000 Dec 1 1911
1891, gold_____________ c ’ / I n t . a t th e A m er. T r. Co., B oston, T ru stee.
Stock, pref ($100), $1,250,000
6% c u m ......................................... ..
F-A
723,600 .....................
S t o c k a n d B o n d s . — T he pref. stock of th e Bos. < N or. Is su b ject to call a t
&
120. Of th e $15,000,000 Bos. & N or. bonds, $7,902,500 are reserved to
re tire prior liens. R em aining bonds can be Issued only for 50% of cost of
a d d itio n s an d Im provem ents. These bonds have no sinking fund and are
n o t su b ject to call. Of th e $5,379,000 first m ortgage bonds of th e L ynn &
B oston R R ., $525,000 have been canceled, a n d th e unissued balance Is to bo
used to ta k e up o th er bonds. T he M errim ack Valley S t. R y . 1st m tge
bonds are redeem able a t o p tio n a t an y tim e a fte r 10 y ears from th e ir d a te .
D IV ID E N D S .— On com . from 1880 to O ct. 1899, in c l.,8 % yearly; In
1900, 7% : In 1901, 6% : In 1902, 6% ; In 1903, 5% ; In 1904, 2 ) 6 % ; In 1905,
2% ; In 1906, 5% ; In 1907, 5% ; In 1908, 5 % .
R O A D .— Comprises th e lines of th e Mass. E lectric C om panies no rth of
B oston, em bracing 458.565 miles of m ain and 2d m ain line and 478.90
miles of tra c k — all ow ned.
A N N U A L R E P O R T .— F o r fiscal y ear ending Sept. 30 1908 of all com
panics Included In th e Boston & N o rth ern S t. R y .: G ross, $4,052,530; net,
$1,087,181; o th e r Income, $10,032; charges, $1,082,180; dividends (5% ),
$552,160; su rp lu s. $62,870
O F F IC E R S .— P res., P atrick F . Sullivan, Lowell; T reas., C. R . R ock
well. V. 84, p . 095; V. 86. p. 720, 1223; V. 88, p. 748, 1436.
(a) Boston & Chelsea Street R y .—Owns 4.379 miles of tra c k . Leased
to Lynn & Boston S treet R y. Co. a t $7,260 per an n u m , equal to 0 % on
$121,000 sto ck , payable A&O.
th e re n ta l of certain sh o rt pieces of tra c k appraised a t $13,866) of p ro p e rty
leased as of d a te F e b . 16 1903 and 4 % on all a d d itions a nd b e tte rm e n ts.
F r e i g h t r i g h t s .— In 1907 Mass. Comm ission granted a u th o rity to c arry
freight a nd express.
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
______
Com m on (par $100)_________ _____
$7,712,200 In ’08, 4%
Pref, $776,900 ($100) 6% c u m ...........
F-A
372,600 __________
Ref M, $10,000,000, gold 1904
4 g J-J
3,357,000 Ju ly 1 1954
($ 1 ,0 0 0 )............................_c’ In t. a t Old Colony T r. Co., B oston, T ru stee.
Br’c k t’n S t R y bonds] All
1890
4 H A-O
33,000 A pril 1 1910
B onds, gold______equally
1892
5 g J -J
15,000 J a n 1 1 9 1 2
B rockton (Consol) S t] se11894
5 g A-O
689,000 O ct 11924
R y 1st M $750,-| cured ] S u b ject to call a t 105 and In terest,
000, g o ld ________ j
j In te re s t a t S ta te S tree t T ru st Co.
Boston Milton & B rockton 1899
5 J -J
100,000 Ju ly 1 1919
1st m tg bonds, $100,000
In t. a t In te r’l T r. C o., B oston, T rustee.
Br’c k t’n B ridgew ater & T aun 1897
5 g F-A
200,000 A ug 1 1917
lstM .g , $200,000(51,000) c ’ In t. a t A m . T r. Co., B oston, T rustee.
Brock 6c E B ridgew ater 1st 1898
5 g F-A
30,000 Feb 1 1918
M, g, $30,000
In t. a t A m . T r. Co., B oston, T ru stee.
T aunton & B rockton 1st 1807
5 F-A
100,000 A ug 1 1917
m ortgage, $100,000............(I n t. a t S ta te S t. T r. Co., B oston. T ru stee.
N B edford M’dleboro& B rockl
1900 5 g J - J
325,000 J a n
1 1920
1st M ,$325,000($1,000), g . j l n t . a t A m . T r. Co., B oston, T rustee.
B raintree m o rtg a g e ........... . . f
1894 6 J -J
35,000 Ju ly 25 1914
/S t a te S t. T ru st C o., B oston, T rustee.
Globe Street R ailw ay Securities.
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
1st M, $750,000,gold, $ l,0 0 0 f 1892
5 g A-O
$750,000 A pril 1 1912
each .................................... c*( R edeem able a t 105 a nd ln t. a fte r A pril 1 1002
J In te re s t a t City T ru st Co., B oston, T rustee.
D ebentures, g ($1,000)___ cf 1892
5 g J -J
550,000 J u ly 1 1912
D ebentures, g ($1,000)------c< 1894
5 g M-S
125.000 Mch 1 1910
I In t. on th e Globe S tree t d ebentures Is pay_ ,
l able In New Y ork a t New York T ru st Co.
D lghton Som erset & Sw anl
1896 5 g J D
100,000 Dec 1 1915
b ’ds, $125,000, g, s f, r e d ] In t. a t In te rn a tio n a l T ru st Co., B oston, T r.
105, a fte r Ju n e 1 ’01($1,000J
Sinking fund Is $3,000 a year.
Taunton S t Ry 1st M.............. f 1894
5 J-J
350,000 J a n 1 1 9 1 4
Do
D e b e n tu r e s ...............( 1894
5 M-S
200,000 Mch 1 1914
I In t. on T a u n to n S tree t R y . bonds payable a t
_
. _
_ _ .
I A m - T ru st C o., m ortgage tru s te e , B oston.
Prov. & T au n to n S t R y 1st gl
1898 5 g M-S
150,000 Sept 1 1918
($ 1 ,000 ), a u th o r’d $ 200,00 / A m erican T ru st Co., B oston, T rustee.
South Shore & B oston S t. R ailw ay S ecurities.
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
D a te .
I n te r e s t.
O u s ta n d ln g .
M a tu r ity .
B onds. 1st M ($1,000), gold,! 1899
5 F-A
$335,000 A ug 1 19 19
$1,000,000 ........................... / I n t . a t A m erican T ru st Co., B oston, T ru stee
B raintree & W eym outh ls t l 1897
5 g M-S
80,000 Mch 1 1 9 1 7
M, gold, $80,000.................. ( I n t . a t In te rn a tio n a l T r. Co., B oston, T ru stee
B ridgew ater W hit & R ock,! 1897
5 g M-N
85,000 Nov 1 1 9 1 7
1st m tg , gold, $1,000 — c* f In t. a t A m erican T ru st Co., B oston.
R ockland 6c A blngton, 1st! 1895
6 g M-N
100,000 May 1 1915
m tg , $100,000, gold----- c ’ / I n t . a t Old Colony T r. C o., B oston, T ru ste e .
W est R oxbury & R oslindale S t. R ailw ay B onds.
I s tM , $150,000, g, 8 f ($500),1 1896
5 g M-S
$127,500 Sept 1 1916
red a t 103 afterSep 1 ’O l.c ’ / l n t . a t In te m a t. T ru st Co.. B oston, T ru stee.
N orfolk C entral 1st m tg .f 1898
5 g J-J
42,500 Ju ly 1 1918
gold, $100,000___________ i
(S ubject to call a fte r Ju ly 1 1903.)
l i n t , a t In te rn a t. T ru st Co.. B oston, T ru stee.
Norfolk S u b u rb an , 1st mort-1 1894
5J J
55,000 Ju ly 1 19 14
g a g e ......................................... J In t. a t In te m a t. T r. Co., B oston, T ru ste e .
S t o c k a n d B o n d s .— The pref. stock Is su b jec t to call a t 120.
Of th e new
$10,000,000 Old Colony S tre e t R y. m tg e ., $4,580,000 are reserved for prior
(b) Boston & Revere Electric Street R y.
liens. Rem aining bonds can only be Issued for 50% of cost of a d d i
O R G A N IZ A T IO N .— In co rp o rated Ju n e 24 1889. Leased from J u ly 1 tions a nd Im provem ents. These bonds a re no t su b ject to call.
1895 for 99 years to Lynn & B oston (now B oston & N o rth e rn ). w hich g u a r
D i v i d e n d s .— On com ., 1892 to 1898 incl., 6% ; In 1899, 8% - In 1900
anteed ln t. on th e $50,000 old bon d so f 1890 (which have since been retired), 8 H % : In 1901, 6% ; In 1902, 5% ; In 1903, 5% ; In 1904, 3% ; In 1905. 2 % ’
and now gu aran tees Interest on th e $50,000 new m tge. of 1008 g v n b 1 w in 1906, 2% ; In 1907, 4% ; In 1908, 4 % .
a nd dividends on $50,000 stock from J u ly 1 1898 a t 5% p er an n u m .
R O A D .— Consolidated system owns and leases 399.410 m iles of tra c k
STOCK AND BONDS— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
(Including 20 miles leased from N ew port & Fall R iver S t. R y. a n d 28 miles
Stock (par $100) ..................................
5 J -J
$50,000 See te x t.
leased to
” , com prising the lines
Bost. & R evere Elec S t R y l 1908
5 g M-S
50,000 Sept 1 1928 so u th of Boston “ LO)perates 373.154 miles. of th e Mass. E lectric Com panies
B oston.
$50,000 gold ($1,000)_ c* / In t. a t A m er. T ru st Co., B oston, tru ste e .
_
R E P O R T of consolidated com panies (Including N ew port & F all R iver)
B o n d s . — No sinking fu n d , b u t bonds m ay be called on a n y Interest d ate
for year ending S ept. 30 1908. gross, $2,806,708, net, $985,257; o th e r In
on six w eeks’ notice.
com e, 8128.891; cliarges, $731,034: dividends. $308,488 (4% )- su m lu s
R O A D .— T o tal tra c k , 3.808 m iles.
$74,626. V . 81. p . 1846; V. 82, p . 870; V. 86. p . 721; V . 88, p. 1373.
(c) East M iddlesex Street R y.
O R G A N IZ A T IO N .— Owns 19.394 m iles of tra c k . Leased M ay 1 1893
to L ynn & B oston (now Boston & N orthern) for 99 years a t a re n ta l till
May 1 1896 of $18,000 y early In ad d itio n to fixed charges; th e n till M ay 1
1901 $24,000 yearly; and for rem ain d er of lease $30,000 y early.
E ight
p e r c en t dividends h ad been p aid, b u t on May 1 1901 w ere Increased to 10 % .
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g . M a tu r i ty .
10
$297,700
See te x t.
Stock ($100) $300,000 . . .....................
P lain bonds, In t. gu. ( e n d ) . .. 1898
5 M-S
120,000 Sept 11918
R efd bonds, ln t. gu. ( e n d ) . .. 1902
4 J -J
100,000 J a n 1 1922
In te re st a t S ta te N atio n al B an k , B oston.
The lessee In th e lease agreed to stam p b o th Issues of th e bonds w ith a
g u a ra n ty of th e In terest— principal Is no t g u a ra n te ed .— V .67, p. 482.
Id )
N ashua Street R ailw ay .— Trolley.
O R G A N IZ A T IO N .— In co rp o rated Aug. 14 1885. On J u ly 1 1900 was
leased to th e Lowell & S u b u rb an for 09 y ears, and lease now ru n s to B oston
& N o rth ern th ro u g h consolidation.
R e n t a l . — D ividends are p ay ab le J a n . a n d Ju ly a t th e ra te of 4 % In 1001
5 % In 1002 and 6 % for th e rem ain in g 98 years of lease.
STO CK , B ONDS, &c.—
D a te .
In te r e s t.
O u t s l ’d ' g . D l v .d i . m a t u r i t y
Stock, $325,000 (par $100).......................................
$325,000 See te x t.
F irst m ortgage,
$150,000! 1901
4 g A-O
150,000 O ct 1 1931
($1,000), g o ld ...................c ’ / I n t . a t Old Colony T r. Co., B oston, T ru ste e .
B o n d s . — E ntire Issue m ay be called on an d a fte r O ct. 1 1906 a t 105 and
accrued In terest. In te re st guar, by th e Boston & N o rth ern S t. R y.
R O A D .— O perates 15.52 m iles of tra c k .
(e)
Winnisinimet (Street) R R .
O R G A N IZ A T IO N .— Owns 2.187 m iles of tra c k . Leased to th e L ynn &
B oston for 999 years from 1880 a t $3,000 p er a n n u m . C apital stock Is $50,
000; p a r $50. D ividends In 1894 to 190s Inclusive 6% per an num .
(2) Old Colony Street R y .— (.See M a p p a g e 13).— A tro lley road.
O R G A N IZ A T IO N .—This was form erly know n as th e B rockton S tree t
R ailw ay, b u t on Feb. 7 1001 nam e was changed as above. T he B rockton
S treet R y. was a consolidation of th e B roctkon S tree t R y ., E ast Side
B rockton & H olbrook anil W hitm an S tree t com panies. In 1900 was con
solidated w ith th e Boston M ilton & B rockton, th e B rockton B ridgew ater &
T a u n to n , th e Brockton & E ast B ridgew ater and th e T au n to n & B rockton.
Subsequently was also consolidated w ith th e Q uincy & B oston and th e New
Bedford M lddlcborough & B rockton.
In N ov. 1900 Mass. R R . Comm issioners approved proposition to purchase
the S outh Shore & Boston and th e W est R o x b u ry & R osllndalc. The S outh
Shore & B oston com prised th e B rain tree & W eym outh S treet R y .. the
B ridgew ater W hitm an & R ockland, th e H lngham S treet R y . (the la tte r
being a consolidation of th e H ln g h a m , th e H ull and th e N a n task e t Electric)
the H anover S treet R y . and th e R ockland & A blngton .Street R y. The W est
R oxbury 3c R osllndalc S t. R y . had previously absorbed th e Norfolk S u b
u rb a n , th e Norfolk C entral and th e N eedham & B oston.
In J a n . 1001 also received a u th o rity to acquire th e Globe S t. R y. (after th e
Globo S t. R y. had first absorbed th e D lghton Som erset & Sw ansea S t. R y .,
the T a u n to n S t. R y. and th e Providence & T a u n to n ). On Ju ly 1 1901
leased th e N ew port 6c Fall R iver S treet R y.
Shareholders March 17 1008 au th o rized an Issue of $750,000 6% cum u
la tiv e pref. sto ck . V. 86, p. 721. On Nov. 14 1908 Mass. R R . Comm,
gran te a perm ission to Issue $372,700 of this a t $110 p er sh are. In Aug. 1909
Comm, au th o rized a fu rth e r Increase In pref. of $404,200 (not y e t out) a t
115. V. 89, p. 163, 348. In Ju n e 1909 Mass. H R , Comm, g ra n te d p er
mission to Issue $275,000 ($250,000 out) a d d itio n al refunding bonds. V. 88,
p. 1373, 1437, 1560.
L e a s e . — In 1903 th e Boston E levated R y . leased all th is co m pany’s tra c k
In th e C ity of Boston for 09 y ears. The lease provides for th e p ay m en t of
all tax es and also 6H % on replacem ent value (appraised a t $353,979, less
(a) N ew port & Fall R iver S treet R y.
O R G A N IZ A T IO N .— Organized J a n . 1898. Ju ly 1 1900 consolidated
w ith N ew port S tree t R y. H as also consolidated with N ew port Illu m in a t
ing Co. E m braces 20.59 m . of tra c k In and betw een N ew port and Fall R iveralso electric lighting. W as leased on Ju ly 1 1901 for 99 years to th e Old
Colony S treet R y. for a re n ta l of 6% per annum and Interest on bonds
T he M ass. Elec. C om panies disposed of Its holdings In Feb. 1902.
STO CK , BO ND S, ET C .— D a l e .
I n te r e s t
O u ts ta n d in g .
M a tu r ity
S tock, p a r $100.......................................
j .j
$900,000 See te x t.
N ew port 6c F all R iv er 1st! 1898
5 F-A
240,000 Aue- 1 1918
m o rtg a g e ................................ (A m erican T ru st Co., B oston, T rustee.
Consol m ortgage, $1,000,000,1 1904
4 )/ J-J
523,000 Ju ly 11954
gold ($1,000) — ..........c * & rfln t. a t A m . T ru st Co., B oston, T rustee
N ew port S t R y 1st M, $50,-1 1890
5 J-D
50,000 Dec 1 1910
000 ($ 5 0 0 )......................... . c f I n t e r e s t a t th e In d u s t. T ru st Co. P rov R I
6g
63,500 O ct l ’ l925'
N ew port Illum inating Co 2 d / ----m ortgage, g o ld __________ /C e n tra l T ru st Co., T ru ste e .
B o n d s .— Of th e new m ortgage for $1,000,000, $354,000 are reserved to
retire prior liens and $123,UOd are reserved for future a d d itions a t 50%
of cost. N ot redeem able. V . 79, p . 213, 501, 1462.
BOSTON & WORCESTER ELECTRIC COMPANIES.
O R G A N IZ A T IO N .— This is a vo lu n tary association organized under ft
tru s t agreem ent d ated Dec. 29 1902. Its p ro p e rty consists of th e cap ital
stock and $600,000 -'notes payable” of th e Boston & W orcester S tree t R y.
It has Issued 33,936 4 % c um ulative preferred shares and 34,614 common
shares, no par value; b u t In ease of liquidation preferred shares receive $100
each before th e p a rtic ip a tio n of com m on. In J a n . 1905 was listed on Bos
ton Stock E xchange. Stock w as Increased to present am ount by th e Issue
In Ju ly 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders a t $105 for a block of $100 pref. plus $100 com. On J u ly 15
1908 shareholders authorized a note Issue (see below ). V. 87, p. 96. 165.
STOCKS AND BO ND S— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
Coupon notes $600,000 gold 1 1908
6 J -J
$300,000
J u ly 1 1011
($1,000)----------------------c * / C ity T ru st Co., B oston, trustee.
N o t e s . — Notes are secured by deposit w ith tru stee of a m ajority d o 150
shares) of Boston 6c W orcester St. R y. stock. Subject to call as a whole
on a ny Interest d ate a fte r Ju ly 1 1909 a t 102 and Interest. V 87, p. 165.
R E P O R T .— For y ear to S ept. 30 1908 dividends received from B. & W .
S t. R y. stock, $121,494; miscellaneous incom e, $20,167; to ta l Income,
$141,661; expenses, $3,216; dividends, $135,744; ln t. on 3-year notes. $2.
088; surplus, $613.
D IV ID E N D S .— F irst dlv. on pref. stock, $2, paid J u ly 1 1904; $2 J a n .
1905 a nd $2 J u ly 1 1005. In 1906, $4. In 1907, J a n ., $2; J u ly , $2. In
1908, J a n ., $2; J u ly , $2. In 1909, J a n ., $1; J u ly , $1
O F F IC E R S .— P res.. W illiam M. B utler; V. P ., A. E . Childs; Sec. and
T rea s., George A. B u tm a n .— V. 83. p. 36, 154: V . 84, p. 101- V. 85 »
1458; V . 86, p. 601; V . 87, p. 96. 105, 1532. 1604, 1660.
(1)
Boston & Worcester Street R y.—Trolley.
O R G A N IZA TIO N .— Incorporated In M assachusetts on N ov. 16 1901
F r a n c h i s e perpetual.
Owns a double-track line between Boston and W orccs
te r and has purchased all franchises and p ro p e rty of th e F ram ingham U nion
S t. R y ., Fram ingham Southborough & M arlborough S t. R y. and th e M arl
borough & Fram ingham S t. R y. In M arch 1907 M ass. R R . Commission
gran ted rig h t to do an express and freight business over e ntire line. In.
O ct. 1907 ItR . Commission authorized Issue of S300.000 additional stock
(V. 85, p. 1143) and In N ov. 1907 $300,000 additional bonds to provide
for floating debt (V. 85, p. 1268), both Included In o u tsta n d in g to tals bel w
F a r e s . — In 1909 single fare u n it raised from 5c. to 6c.
M A P OF TH E
B R O O K L Y N R A P I D T R A N S IT CO.
SYSTEM.
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E L E C T R IC R A IL W A Y S
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CO O A
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R
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
J-D
$2,025,000 .Inc 30 Oo 1 &
Stock, ($100)..........................................
Bost & W or 1st m ortgage,$2,-1 1003 4 H g F-A 1,910,000 A ug 1 1023
500,000, gold ($1,000)_ .c * /In te re s t at American Trust C o., B os., TrusFram Union 1st m ortgage..................
5
4 >,000
Fram So & Marl 1st m t g ------ f ------5
60,000 Jan 1 1010
(.Interest at American Trust C o., B os., Trus.
Notes pavable Oct 1 1008 ------------- ----------------------- * 8 )2 .3)5
•Includes $535,000 notes payable held b y B. & W . Electric Cos. and
$267,365 notes held b y banks.
„
Dividends.— Paid 3% July 1004: also 3 % semi-annually until D ec. 1908,
when 1 /3 % was paid. In 1909, Juao, 1 /3 % .
____
R E P O R T .— For year ending Sept. 30 1008: Gross, $553,613; net, $270.
696; charges. $155,965; dividends, $121,500; deficit, $6,769.
,
R O A D .— Owns and operates 82 miles ol track, a considerable portion
over private right ol w ay, between Boston and W orcester, Including an ex
tension to N atick. Ralls, 75-lb. Has 77 cars.
,
O F F IC E R S .— Pres., William M. Butler: V .-P ., A . E. Childs: Sec. and
T rees.. Geo. A . B utm an.— V . 81. p. 1722: V . 85, p. 220. 863, 1143, 1268,
1338, 1458: V . 86, p. 601; V . 87, p. 1418. 1660.
PU BLIC SERVICE INVESTMENT CO.
O R G A N IZ A T IO N , E TC.— Organized In Maine with $1,000,000 6%
cum . pref. stock (par $100), redeemable at option of com pany at 115,
and $2,000,000 com m on (par $100) (no bon d s), to hold and to deal In
stocks, bonds, notes or other securities.
Entire auth. stock (except 5 shares necessary to qualify directors) was
Issued to Stone & W ebster, Boston, In paym ent for following securities:
$350,000 Jacksonville Elect, com .; $700,000 Pac. Coast Pow . stock; $100,
000 Columbus (Ga.) Elec, pref.; $100,000 Seattle Elec, com .; $75,000
Tampa Elec, stock; $350,000 Minn. gen. elec. com . and $500,000 H oughton
County Elec. Lt. com . V. 88, p. 1002. See statement of first five com
panies on subsequent pages.
Stone & W ebster offered the stock In March 1909 In blocks o f 10 shares
of preferred and 4 shares o f com m on for $950. V . 89, p. 163.
Dividends.— First d lv. on preferred— 1 /3 % — was paid A ug. 2 1909.
BOWLING GREEN, OHIO.
LA K E E R IE B O W LIN d GREEN & NAPOLEON R Y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated in Ohio In 1902.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
C om m on, $750,000, ( $ 1 0 0 ) ....................................
$380,400 .....................
Pref, $250,000. ($100) 6 % n-C.................................
250,000 .....................
1st M, $1,000,000, gold ($5001 1003
5 g M-N
231,000 N ov 1, 1933
and $1,0 00 )...................... c ’ /I n t . at Union T r. C o., D etroit, Trustee.
Bonds.— $756,500 bonds aro reserved for extensions at $17,000 per mile
and $12,500 In com p a n y’s treasury. N o sinking fund and bonds are not
subject to call.
E A R N IN G S .— For year ending Dec. 31 1908, $55,366; net, $35,498;
fixed charges, $22,346; surplus, $13,152.
R O A D .— Operates 20 miles o f track between Bowling Green, O ., and
W oodvllle: 40 miles additional p rojected, of which 4-5 mile com pleted and
right o f w ay secured for about 12 miles. Standard gauge, 60-lb. T rail.
Connects at Bowling Green with the Toledo Bowling Green & Southern
Traction C o., at Pcm bervllle with the Toledo Fostoria & Findlay R y . and
at W ood vlllc with the Lake Shore Elec. R y . Furnishes electric light and
power at Bowling Green, as well as hot water heating.
O F F IC E R S .— Pres., John R . Jones; V .-P . and Gen. M gr., E . H. McKnlght; Sec. .Chas. H . Draper; Trcas., B. C. Harding.— V . 78, p. 769.
BRATTLEBORO, VT.
TW IN STATE GAS & ELECTRIC CO.
O R G A N IZ A T IO N .— Incorporated In Connecticut on A ug. 26 1006 and
acquired the Brattleboro Street R y ., the Brattleboro Gas Light C o., the
D over Gas Light Co. (V . 83, n. 562), the Bennington Electric Co. and the
H ooslck Falls Illuminating Co. Control Is held b y the National Light,
H eat & Power Co.
STOCK A N D BO N D S—
Date.
Interest. Outstanding.
Maturity.
$1,250,000 .....................
Com m on, $1,500,000, ($ 1 0 0 ).................................
Preferred, $250,000 ($ 1 0 0 ).....................................
250,000 ............. . .
4 /3 g A -0
788,500 Oct 1 1926
1st and ref M. $1,500,000, g] 1906
($500 and $ 1 ,0 0 0 ).......... cM In t. at Knickerbocker T r. C o., N .Y ., Trustee
Dover Gas Light con mort-1 1905
5
1G0.000 Sept 1 1925
gage, $500,000 ..................... /U n ion Safe D cp. & Trust C o., Trustee
Union Gas & Elec, m ortgage,! 1897
250,000 Sept. 1 H7
$250,000.............. ................./U n i o n Safe D cp. & Trust C o., Trustee.
Brattleboro Gas L Co m tg____ 1903
5
74,000 Feb 2 1923
H ooslck Falls Illuminating Col .......
..................
75,500
1935
$ 1 5 0 ,0 0 0 ..................... ........ /K nickerbock er Trust C o., N. Y ., Trustee.
H ooslck Falls Electric C o l ____
__________
65,000
1930
$75,000___________________ (Old Colony Trust C o., Boston, Trustee.
Bennington W ater Power
____
__________
64,000
1924
& Light Co $100,000------ (Am erican Loan & Trust C o., Trustee.
Bennington W ater Power & \ ____
__________
12,500
1920
Light Co $30,000________ /O ld Colony Trust C o., B oston, Trustee.
Bennington E lectric Co $175,-1 -------------------98,500
1935
000 _______________________ /K nickerbock er Trust C o., N. Y ., Trustee.
Bonds.— Of the $1,500,000 new bonds, $434,000 are reserved for prior
liens and $227,500 for acquisitions, extensions and Im provem ents. No
sinking fund and bonds arc not subject to call.
R O A D .— Operates 5 miles of track In B rattleboro, In addition to gas and
electric-light plants In Brattleboro and Bennington, V t., Hooslck Falls.
N. Y ., and Dover, N. H .
O F F IC E R S .— Pres., I. L . M cloon; V lce-Pres., W m . C. Pratt Sec and
T rcas., Geo. D. Martin.— V . 83, p. 409.
BRISTOL, CONN.
BRISTOL & P L A IN V ILLE T R A M W A Y CO.- -A trolley road. Also
furnlshes electric light and gas.
O R G A N IZ A T IO N .— Organized Sept. 21 1803. A gas plant was co m
,
___
pleted In 1006. Franchises perpetual. In August 1906 a m ajority of the
stock was pooled for 5 years.
In August 1008 a stock dividend o f 50% was declared, Increasing o u t
standing amount to $375,000. V . 87, p. 96, 414.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
S tock, S I.000,000 ($100)-------- ---------------$375,000 1007-08 6%
350,000 N ov 1 1045
1st m ortgage $600,000, g old f 1905 4/3 g M N
($500 and $1,000)............... (Interest at Bristol National Bank, Bristol.
(Treasurer o f State o f Connecticut, Trustee.
Bonds.— Are subject to call after 5 years at 102; after 10 years at par.
E A R N IN G S .— For years ending June 30.
Hallway
Hallway Gas & Elec. Interest
Year—
Gross.
Net.
TAg.,Net. & Taxes. Dividends. Balance.
1008 ............$87,570
$30,660
$27,044
$23,589
$15,000
$19,115
84,860
35,043
25,781
22,934
15,000
22,890
1907
R O A D .— Operates about 13K m llesof track laid with 56 and 00-lb. T rail,
from Bristol to Plalnvllle, with branches to Lake Compounce and to
Standard gauge, 29 cars and 3 snow plows.
Or M C E R S . —Pres., Miles L. Peck; V .-P . N. E. Pierce* Sec. and Treas.
M. L . Tiffany; Gen. M gr., G. E . Cocklngs.— V . 81, p. 776; V . 87. p. 06,414.
BRISTOL, TENN.
BRISTOL GAS S ELECTRIC CO.— Trolley, gas and electric light.
c
„ O R G A N IZ A T IO N .— Incorporated In N. Y . to consolidate the Bristol
Gas & Electric Co. (Va.) and Bristol Belt Line R y . C o., all the stock and
U ac<julred. Franchises arc perpetual.
ST OCK A N D BONDS
Date.
Interest. Outstanding.
Maturity.
Stock. $300,000 ($ 1 0 0 ) - .................... ........
$300,000 ................ ..
1st mortgage, $375,000, gold] 1903
5 g J-J
321,000
Jan 1923
($500 and $1,000)......... c& rjInterest at M etropolitan Tr. C o., N .Y . Trus.
Bonds are subject to call on any Interest day at 110 and Interest. ’
E A R N IN G S .— For year ending Dec. 31 1908 for both Bristol Gas &
Electric Co. and Bristol Belt Line R y ., gross, $75,527; net. $30,949; fixed
charges, $14,358; surplus, $16,591.
R O A D .— Operates about 5 miles o f track.
O F F IC E R S .— Pres., B. L. Dulaney, Bristol; V .-P .,
I). H obbs New
York; Sec. and Treas., N. D. Bachman Jr., Bristol; Supt. and Purch. A gt.
S. M. V ance. Bristol.— V . 77. p. 1748; V. 83, p. 627.
K ’
c.
BROOKLYN, N. Y.
BROOKLYN R A P I D TR AN SIT— (See Map. page 16).
O R G A N IZ A T IO N .— Organized Jan. 18 1896, per plan in ■ Chronicle,”
’
V . 60, p. 1145, to succeed to the property o f the old L ong Island Traction
Company foreclosed, syndicate headed b y the late ex-G oveinor Flower
having then bought control. Is not a railroad corporation, but was or
ganized under the Business Corporation law o f New York to hold the stocks
and bonds o f railroad companies and to aid In the construction and equip
ment o f railroads. Franchises are perpetual.
A SS E T S.— The following Is a statement o f the stocks and bonds owned
b y the Brooklyn R apid Transit system June 30 1909.
„
.
Stocks
Entire capital stock Brooklyn Heights R R . Co. (p a r)_________
$200,000
Entire capital stock Bkln. Q’ns Co. & Suburban R R . Co. (p a r). 2,000,000
Entire stock Sea Beach R y . C o., par value_____________________
650,000
Entire Issue o f the com . stock o f the Nas. E lec. R R . C o., p a r .. 8,500,000
63.672.75 shares out o f 65,000 shares of the 4 % cum ulative pref.
stock of Nassau Elec. R R . C o., par_____ ____________________
6,367,275
47,859.85 shares out o f 50,000 shares of the 5 % non-cum ulatlvc
pref. stock o f the Brooklyn Union E lev. R R . C o., par______
4,785,985
125,308.31 shares out o f 130,000 shares of the com m on stock
of the B rooklyn Union Elevated R R . C o., p a r ......................... 12,530,831
Entire capital stock o f Coney Island & Gravesend R y . C o. o u t
standing, p a r .........................................................................................
350.000
146,228
1,462.28 shares B rooklyn R apid Transit C o., par.........................
Entire capital stock of South Brooklyn R y. (par)_____________
500,000
9,800 shares out of 10,000 o f the American R ailway Traffic Co.
(owned by Transit Developm ent C o.), par................ - ...............
980,000
Entire capital stock o f the Transit D evelopm ent C o., par- .
500 000
Entire stock of the Canarsle R R . Co. (owned b y the Transit
Developm ent C o.), par..................
250 000
500 shares of the Bridge Operating C o., p a r” ” ” ” ” ” " "
50,000
_
.
$37,810,319
Bonds
♦1st M- 5 % bonds B klyn. Queens Co. & Sub. R R . (p a r)................. $2,000,000
1st con . M Bklyn. Q ’ns Co.& Sub. (owned by B klyn. H ’ts Co.)
50000
♦1st m ortgage 5 % bonds Brooklyn City R R . ( p a r ) .. .
l 627 000
~
'6 0 0 ’ 000
Refunding gold m tge., 4 % , Brooklyn City R R ............
Gold 5 % bonds Brooklyn Rapid Transit..............
*
30*000
R ef m tg 4 % bonds Brooklyn Rapid Transit C o............ .............. 1 2 714*000
’ 9 7 9 'o e o
R ef m tg 4 % bonds B. R . T . (owned b y Nassau El. R R . j . ’
2d mtg. 5";, bonds Bklyn. Bata oc tVest Ena ity . (owned by
'
Transit Developm ent C o .)- _____________ _____________
'
1 noo
Consol m tg 4 % bonds Nassau Elec R R ........................................................379 000
Cons > im g. 4 T bonds Sea Beach K y. (owned by Nassau Elec
1
o
’
R R . C o .)--------------------- ------------- ------------------------------------ --------22.500
---------- $18,402,500
♦Composing guaranty fund for performance o f Brooklyn City R R . C o.’s
lease.
The Brooklyn City HR. Co. Is held under a 999-year lease dated Feb. 14
1893, guaranteeing all fixed charges, organization expenses, taxes and 10 %
dividend on $12,000,000 o f stock. The lease Is nom inally to the Brooklyn
Heights R R . C o., but the Brooklyn Rapid Transit Co. owns the entire ca p
ital stock o f the Brooklyn Heights Co. In 1898 the Heights Company
leased the Brooklyn Queens County & Suburban R R . The lease was re
newed year by year, rental being fixed charges, taxes and organization ex
penses. On July 1 1901 the B. Q. C. & S. began operating separately again.
On April 1 1899 the Heights Company temporarily leased the Nassau E lec
tric R R . Later permanent leases were m ade, but on June 30 1904 presuma
bly In consequence o f a decision (V . 79, p. 102) com pelling the Issuance of
transfers, the lease o f the Nassau Electric R R . was canceled.
The Brooklyn Heights R R . In April 1899 leased for the period o f 999 years
he Prospect Park & Coney Island R R . (see terms under the latter), the
New York & Coney Island R R . and the Prospect Park & South Brooklyn
R R ., but the leases o f these companies were assigned In March 1907 to
South Brooklyn R w y .. which had been acquired by purchase in Feb. 1902.
V . 74, p. 479. The South Brooklyn R w y. owns the double-track road
(1 /3 miles) extending from New York Bay, near 38th S t., B rooklyn , to 38th
S t., near 0th A ve., B klyn, and In June 1907 Increased Its stock from
$150,000 to $500,000.
In N ov. 1905 purchased at foreclosure for $262,000 the road o f the Brook
lyn & R ockaw ay Beach R R .. 3 H miles, from East New York to Canarsle.
and'
the
.
..
______ ______ ____
the ______
Broadway Ferry, adjoining the Wllllamsburgh Bridge, to Canarsle was Instlteted Jb'lv 30 1906. V. 83, p. 271; through service over the bridge to
Delancey S t., New Y ork, was put In operation on Sept. 16 1908, the con
nection from Broadway Elev. to Bridge structure having been com pleted.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agree
ment with the city for operation of trolley cars over the new W il
liamsburg Bridge. See V . 78, p. 2013, 2386. Later the Bridge Operat
ing Co. was form ed, with $100,u00 capital, to operate local service on the
bridge. See V . 79. p. 626. Through surface cars are operated over bridge
by Brooklyn.Heights R R ., Nassau Elec. R R . and B’ klyn Queens Co. & Sub.
R R . Surface cars began to cross this bridge In N ov. 1904. V. 79, p. 2084.
In O ct. 1907 application was m ade to Public Service Commission for per
mission to build a four-track elevated road along Flatbush A ve. extension
to Manhattan Bridge with additional elevated tracks to connect with Myrtle
A ve. line. Cost was to be about $8,000,000. V . 85, p . 1082. In N ov.
1908 Commission denied application.
In Sept. 1909 cable line on Montague St. betw een Court St. and W all St.
Ferry was replaced b y trolley.
Express Matter.— On Jan. 1 1909 the contract with the American Express
C o., under which the latter com pany had been using the Brooklyn Rapid
Transit system for distribution of express m atter, expired, and was not
renewed. V . 88, p. 157.
The Transit Development Co. was organized In April 1903 under the
Business Corporation law, with $25,000 capital, and Is owned exclusively
In the Interest o f the Brooklyn Rapid Transit Co. It is authorized to
manufacture and sell power and to d o general contracting w ork. On
March 1 1907 special arrangement was made by which the concern furnishes
power and takes charge o f the maintenance and repair o f all the railway
properties In the Brooklyn Rapid Transit system , Including their equip
ment. V. 84, p . 569. In June 1907 capital stock was Increased t o $500,000
The American Railway Traffic Co. was Incorporated In Jan. 19U4 with a
capital of $1,000,000 (of which $980,000 is o.vncd by the Transit D evelop
ment Co.) for the purpose of hauling and disposing of city’ s ashes and refuse.
Contract with city expired D ec. 27 1908 and was not renewed.
Division of Territory with Long Island IlH.— A t an Investigation by the
Public Service Commission In N ov. 1907 lt developed that on April 1 1899
an “ agreement o f alliance” had been entered Into with the Long Island
R R . for division o f territory. “ L ong Island territory” Is described as
part o f Queens County and the counties o f Nassau and Suffolk, while
' ’Transit territory” Includes all o f Kings County and part o f Queens.
Besides this, there Is neutral territory consisting o f College P oint, Flushing,
Jamaica and the Islands In Jamaica Bay. Into which neither m ay enter
without the consent o f the other.
He-Classlflcatlon of System Lines.— Owing to the opinion o f the Court of
Appeals In Its decision upholding the right of the Brooklyn Heights R R . to
charge 10 cents fare to Coney Island, to the effect that A rticle IV o f the
Railroad Law relates only .to street surface railroads and that different
provisions govern elevated and steam surface railroads, a re-elasslflcatlon
o f the roads of the system was made In March 1907 so as to limit the func
tions of each railroad to the operation of Its own character o f railroad
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads and the street surface railroad corporations operate street surface
roads only. As part of this arrangement the leases o f the Brooklyn Union
Elevated R R ., the Sea Beach R y . and the South Brooklyn R y . to the
Brooklyn Heights R R . were terminated. The leases o f the Prospect Park
& Coney Island R y ., the New York & Coney Island R y ., the Prospect
Park & So. B ’klyn R y . were assigned to the So. B ’klyn R y . V . 84, p . 569.
Transfers and Fares.— For decisions as to transfers, sec V . 79, p. 2204
2587. Also see V . 82, p. 1323. In Aug. 1907 the Appellate Division of the
Supreme Court In Brooklyn held that cumulative penalties could not be
collected for refusal to Issue transfers— see V . 85, p. 404. In June 1906
transfer system was greatly extended. For decision as to expired franchises,
see V . 82, p. 1101. In Dec. 1908 Public Service Commission dismissed
a com plaint to reduce the fare to Flushing from 10 to 5 cents. V. 87, p. 1604.
In A ug. 1906 the com pany’s right to charge a 10-cent fare to Coney Island
was disputed and riotous proceedings resulted. See V . 82, p. 379, 435, 686
In Jan. 1907 Court of Appeals sustained the com pany’s contention as to the
legality o f the 10-cent fare. See V . 84, p. 101. On May 23 1908 Gov.
H ughes vetoed a bill w hich, though general In form , was Intended to provide
a 5-cent fare from Manhattan to Coney Island. V . 86. p. 1342.
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.— In May 1907 the New Y ork State R R . Comm , consented to the
Sea Beach R y .. the Canarsle R R . and the South Brooklyn R y . making
mortgages o f $2,000,000, $2,000,000 and $4,000,000 respectively to secure
certlllcates o f Indebtedness Issued by those companies to the Brooklyn
R apid Transit for m oneys advanced for additions, betterments, &c. In
June 1907 B rooklyn Union Elevated authorized a m tge. for $20,000,000
and the Nassau Electric for $5,000,000 for same purpose; but In July 1008
Public Service Commission denied application for the approval of these lat
ter two m ortgages. Sec particulars V . 87, p. 224. No bonds will be Issued
under any of these m tges., which are created simply to secure the certificates
o f Indebtedness as Issued from time to tim e. The certificates cannot be
Issued at less than par and are deposited under the Ilroolkyn R apid Transit
first refunding mtge. V . 84, p. 1181, 1246, 1550.
[S E C U R IT IE S O U TSTA N D IN G JU N E 30 1909.
STOCK A N D B ON DS. Outstand'g. Interest.
Maturity. Ann.chges.
____________O c t.'0 9 ,1 %
Stock $45,000,000 ($100).$45,000,000
Q-J
Brook R ap Tr first ref)*33,0 78,000 4 g J-J
July 1 2002 $1,323,120
m tge(1902) $150,000,-) Central Trust C o., New Y ork, Trustee.
000 gold _________c'& rJ C ou pon bonds, $1,000; registered, $1,000, $5,000.
Brook Rap Tr gold
Ml 7,000,000 5 g A-O
Oct 1 1945
350,000
1895 $7,000,000___c*J d Interest at Trust Co. o f A m er., N. Y ., Trustee.
Brooklyn City R R —
Refund mtge 1900 $6,-1
*600,000 4 g F-A
A ug 1 1956
*24,000
925,000 ($1,000)____J Long Island Loan & Trust C o., B klyn., Trustee.
First consol M 1801___y l , 373,000
5 J-J
aJuly 1 1941
218,650
200.000 4 H F-A
July 1 1941
9,000
New W & Flat 1st M ._
125.000 6 M-N
May 1 1910
7,500
G & Lorlm cr 1st M ____
250.000 5 A-O
April 1 1941
12,500
B rooklyn Heights RR*
People’s Trust C o., B rooklyn, Trustee.
first m ortgage 1 8 9 1 ..
5 g J-J
‘ July 1 1941
175,000
Brook Queens Co & Sub c 3,500,000
Guaranty Trust C o., New Y ork, Trustee.
first mortgage 1894.
2,884,000
5 g M-N *July 1 1941
144,200
First cons M guar p<5c I)
(end.) $4,500,000’ 94 / Central Trust C o., New Y ork, Trustee.
Jam & B R R first)
240.000 5 g J-J
Jan 1 1930
12,000
m ortgage 1889____1 Central Trust C o., New Y ork, Trustee.
Sea Beach R . first mort
y
_
650,000 4 g M-S
Sept 1 1916
26,000
guaranteed 1896_____ JW. M. Grlnnell, W . O. Platt & W m . Man, Trust.
B rooklyn Union Kiev 1st)
16,000,000 5 g F-A
Feb
1 1950
800,000
m ortgage 1899, g u a r./In terest at Central Trust C o., N. Y ., Trustee.
Kings Co i lev first mortI
7,000,000 4 g F-A
Aug 1 1949
280,000
$7,000,000 gold ($ 1 ,-/Interest at Central Trust C o., N. Y ., Trustee.
000) guar 1899......... cj
Nassau El R R Co cons Ml
11 ,456,000 4 g J-J
Jan
1 1951
458,240
bonds ($1,000) c*& rj Guaranty Trust C o., New Y ork , Trustee.
$15,000,000_1 898J Bonds guar
by end by Brooklyn Heights R R .
First m ortgage bonds)
660,000 5 A-O
A pril 1 194*1
33,000
1894 _______________J Trust Co. of Am erica, New York. Trustee.
A tlantic A ve
general) c2 ,241,000 5 g A-O April 1 1931
112,050
‘ ' ‘‘ ‘
Brooklyn Trust C o., Trustee.
mortgage gold 1891/
Atlantic Ave Improvl
220.000 5 g J-J
Jan 1 1934
11,000
$220,000 gold 1894. J Central Trust C o., New Y ork, Trustee.
250.000 5 A-O
Jan
1 1917
12,500
6 B B & W E first m ort)
Ser B _____ ________ / Title Guarantee & Trust C o., Trustee.
52,000 5 J-D
June 1 1911
ft B B & W E 2d m ort)
2,600
Title Guarantee & Trust C o., Trustee.
g a g e .......................... J
121,000 5 g A-O Oct 11933
B B & W E _
general) .
6,050
gold, 1893 _________j Trust Co. of Am erica, New Y ork, Trustee.
Rental payments in addition to payment of fixed charges—
Brooklyn City R R stock $12,000,000 10% Q-J 15, 999 y e a r s .. $1,200,000
Prospect Park & Coney Island R R .. yearly rental.........................
40,000
lsf
Name—
Track.
South B rooklyn R ailw ay....... ...........
1.184
Prospect Park & Coney Island R R . .
9.401
Brooklyn Union Elevated R R .—
Elevated lines............ .........
28.511
Surface lines_______________________
7.648
Canarsle R R .—
i
Elevated lines-------------------------------.738
Surface lines------------------------------------ 2.414
Trackage on N. Y . & Bklyn. Bridge—
Elevated lin e s ____________________
1.762
Surface lines----------------------------------1.802
Trackage on C. I. &Brooklyn R R . . 2.014
Trackage on WUllamsburgh Bridge—
Elevated lin e s ____________________
1.635
Surface lines------------------------------------ 1.741
2d
Track.
1.184
7.802
Sidings,
&c.
3.301
7.477
Total
miles.
5.669
24.680
28.483
7.648
5.802
18.708
62.796
34.004
1.476
5.515
.738
2.414
1.762
1.707
.573
1.635
1.741
.231
.218
3.755
3.509
2.587
3.270
3.700
257.115
74.912 599.467
T otal miles operated....... .................,267.440
E Q U IP M E N T , June 30 1909.— Closed cars. 1,112; open cars, 919; con.
. .
vertlble, 671; scm l-convertlble, 757; miscellaneous, 464. T otal, 3,923.
R E P O R T .— The annual report for 1908-09 will be found In V . 89, p. 526.
Passengers carried during year ended June 30 1909 amounted to 530,149,
597, an Increase of 14,964,630 over previous year. Company also redeemed
141,326,128 transfers, against 128,650,803 the previous year.
IN COM E ACCOUNT BROOKLYN RAPID TRANSIT A N D CON
S T IT U E N T C O M P A N IE S— YEAR ENDING JU N E 30.
Receipts—
1908-09.
1907-08.
1906-07.
.$19,058,693 $18,930,164
P assengers_____________________
. .
.
315,719
F reight, mall and express......... .......... .
254,643
315,719
349,539
155,204
155,860
155,204
148,424
A d v e rtis in g _________________________ .
469,479
A m erican Railway T raffic C o_______ .
225,266
469,479
439,641
165,256
Rents
_____________________________
179,916
165,256
194,356
512,568
Other miscellaneous Incom e________ .
425,871
512,568
360,810
.$20,300,279 $20,548,390 $19,936,753
T o ta l_____ _______
$20,300,279 $20,548,390
Expenses—
$1,020,104
$860,075
Maintenance o f w a y_________________ . $1,194,014 $1,020,104
1,837,550
Maintenance o f equipm ent__________. 1,690,916
1,837,550
1,786,731
1,653,728
Operation of power plant____________ . 1,596,759
1,653,728
1,655,400
Operation of ca rs-......... . . . .......... ........ . 4,812,556
4,979,757
4,793,821
670,666
651,669
General expenses_____________________.
676,666
651,669
643,899
1,242,361
Damages and legal expenses_________. 1,129,396
1,242,361
1,126,248
190,885
Freight, mall and express exp en ses-..
138,645
190,885
233,667
363,525
American R y . Traffic Co. e xp e n se s...
155,703
363,525
365,863
T a x e s ........................- _____ __________
1,337,620
930,007
893,782
$12,732,275 $12,869,580
Net e a rn in g s............................................ . $7,568,004
. 5,631,395
Fixed charges ( n e t ) . . . .................
Special appropriations and m lsc______.
.
Dividends, 2 % _________________
$1,936,609
. . . .
65,430
897,076
$7,678,804
$7,678,804
5,604,931
5,604,931
$7,577,267
5,132,604
.$2,073,873 $2,444,663
229,781
229,781
442,064
.
B a la n c e ............
$974,103 $1,844,092 $2,002,599
$1,844,092
O F F IC E R S .— P res.. Edwin VV. W inter; Chairman of Board, A . N.
Brady; V .-P ., T . S. Williams; Sec. and T reas., C. D . M cnecly; V .-P . and
Gen. Mgr., .1. F . Calderwood; C om p., Howard A bel. Offices, 85 Clinton
S t., Brooklyn.
I N D E X .— V . 85, p. 220, 404, 862, 919, 1082, 1517; V . 86, p. 107, 337:
419, 720, 917, 1041, 1099, 1223, 1342, 1345; V. 87, p. 224, 612, 021, 1004
V . 88, p. 157, 293, 374; V . 89. p. 526. 777.
• Subject to call July 1 1916.
COM PAN IES C O N T R O L L E D B Y B R O O K L Y N R A P ID T R A N S IT CO.
a Subject to call In 1916.
ft Subject to call at any time.
c Atlantic Avenue general mortgage 5s o f 1931 were subject to call In
(1) Brooklyn Union Elevated R R .— Formerly a steam road, now electric.
909, but many of them (how m any is not known) have been stamped
O R G A N IZ A T IO N .— Organized on Jan. 30 1899 ns successor of the
eleaslng them from the liability to call.
Brooklyn Elevated R R . and Its allied lines per plan In V . 64, p. 609. E m
d The Central Trust Co. of New York was trustee o f this mortgage until
O ct. 1903. when the Colonial Trust Co. (since consolidated with the Trust braces the Kings County Elevated R R ., reorganized, according to plan In
V. 68, p. 724, the Sea View R R . and the Brooklyn & Brighton Beach R R .
C . o f America) was substituted.
In June 1909 the Brooklyn Rapid Transit owned $12,530,831 com m on
e Includes $2,000,000 held by Brooklyn R apid Transit Co.
and $4,785,985 preferred stock of the Brooklyn Union Elevated
x Entire amount owned by Brooklyn Rapid Transit Co.
y N ot Including $1,627,000 owned by B . R . T . system .
Lease.— Leased to Brooklyn Heights R R . for 999 years from July 1 1901;
* N ot Including $13,693,000 owned b y B. R . T . system .
the lessee agreed to pay organization expenses, taxes and fixed charges, and
Stock.— Brooklyn Rapid Transit stock authorized Is $45,000,000; Issued as rental all net earnings, such net earnings not to be less than $150,000 per
$43 ,000,000. The stock was form erly held In a voting trust, but this ter annum the llrst three years, $200,000 the next two years and $250,000 per
minated Jan. 1 1000 . and control Is now vested In the owners of the shares.
annum thereafter. Lessee also agreed to guarantee, principal and Interest,
In the reorganization o f Long Island Traction the old $30,000,000 stock all bonds of the Brooklyn Union and Kings County Elevated R R . co m
paid an assessment of $10 per $100 share, the old stock being reduced to panies, the guaranty to be stamped upon the bonds upon presentation. In
Feb. 1902 began stamping bonds with guaranty. Certain days each month
$20,000,000, and $7,000,000 o f 5 % bonds being authorized, against
are designated for stamping. See V. 88, p. >9. In March 1907 lease was
$3,000,000 of Long Island Traction.
Dividends.— First d lv ., 1 % , paid April l 1909; July, 1 % ; O ct., 1 % .
terminated, bat the lease guaranty remains miimpaired. See V . 84, p. 569.
Interest on Bonds. Where Payable.— Interest on the Brooklyn Rapid
In June 1907 a 10-year m tg e.for $20,000,000 was authorized, but In July
Transit m ortgage of 1902 for $150,000,000 and the tw o Elevated Issues Is 1008 Public Service Commission refused to approve mtge. Sec V. 87, p.224.
payable at the Central Trust Co.; on the B. R . T . Issue of 1895 at the The mtge. was sim ply to secure certificates of Indebtedness given to the
Trust Co. o f America; on the Brooklyn City R R . refunding bonds at com
B. R . T . for moneys advanced from time to time. V . 84, p. 1181, 1246, 1550.
pany’s office: on the Nassau Electric bonds, Including Atlantic Avenue and
STOCK AND BON DS—
Date.
Interest. Outstanding. Maturity ,&c
West End Issues, at the Trust Co. o f America: on the Brooklyn Heights first Com stock. $ 1 3 ,0 0 0 ,0 0 0 ,($ 1 0 0 )-----$13,000,000
----------m ortgage at the People’s Trust C o., B rooklyn: on the Brooklyn Queens Prcf stk, 5 % n-c, $5,000,000,1 ____
5,000,000 J ’n e’0 9 ,2 H %
County & Suburban mortgages and the Jam aica & Brooklyn first mortgage
($100)......................................f
at the Long Island Loan & Trust C o., B’ klyn; and on the Sea Beach 1st mtg. 1st M, $16,000,000, g, 4 % ) 1899
5 g F -A
16,000,000 Feb 1 1950
at the Sea Beach R y . office, 85 Clinton S t., B’ klyn.
it
till ’ 05, then 5 % ($1,000) _ ./in te r e s t at Central Trust C o., N . Y ., Trustee.
Mortgage for $150,000,000.— Stockholders authorized March 20 1902
4
7,000,000
1 1949
1st M 1890
first refunding 4 % gold convertible bonds for $150,000,000.
$60, Kings County Elevated 0 0 )c Interest at g F-A Trust C o., N . A ugTrustee.
gold, $7,000,000 ($ l,0
.............................................. ......
Central
Y .,
2 8 6 ,0 0 0
Is intended to retire all the existing bonds o f the system (Including
Both issues of bonds are listed on N. Y . Stock Exchange.
the $7,000,000 Brooklyn Transit 5s), and the rest for Im provem ents,
R O A D .— The B rooklyn Union embraces 62.79 ' miles o f elevated tra ck
additions and new acquisitions, as needed from time to tim e. The mortgage
provides that a fund of $5,000,000 In bonds or their proceeds be at all times and 34.004 ndles o f surface track. T otal. 96.80 miles. The New Y ork &
at the disposal o f the com pany for the purposes m entioned. Sec V . 74 Brooklyn Bridge has 7.264 miles of track In addition.
On July 1 1898 the operation o f the Bridge railroad was com m enced.
p. 377. As this fund Is reduced for any o f the purposes authorized, more
bonds m ay be authenticated by trustee and delivered to the com pany on See terms of contract In V . 67, p. 27, 426. In April 1808 an agreement
Its order. These bonds can be converted Into stock, par for par, after July 1 was made with Long Island R R - providing for Joint construction of con nect
1904 and before July 1 1914. and are subject to call on any Interest day ing line at East New York and running o f through trains from Jam aica to
until year 2,000 at 110 and interest: after that at par and Interest. See Brooklyn Bridge and from R ockaw ay Park to Broadway ferries. Con
listing applications In V . 81, p. 1856, 1857, for list o f securities pledged struction begun In N ov. 1898 and work com pleted In Feb. 1899. V . 67,
for the bonds; also listing applications In V . 82, p. 517; V . 83, p. 1122: p .1054. On May 30 1903 through service by elevated trains (not T.ong
Island R R . trains) from Broadway Ferry to Jamaica was Inaugurated;
V . 85. p. 1523, and V. 86. p. 923.
Bonds.— Of the $7,000,000 50-year gold 5s o f the Brooklyn Rapid but In N ov. 1903 the Board of Aldermen passed an ordinance prohibiting
Transit, $3,000,000 went to stockholders for the assessment. For descrip ihe operating of electric trains on Jamaica Avenue, and the next month
tion o f property covered b y the mortgage, see V . 62, p. 1138. See also through service was discontinued.
-application In V. 67, p. 904.
D IV ID E N D S .— The first dividend of 2 % on the preferred stock was paid
Brooklyn City R R . mortgage o f 1891 Is for $6,000,000 and Is a first Hen June 29 1901; In 1902, June 30, 1 % . On Dec. 3 1 1002 1 M % and M %
5
on the old Brooklyn City road and a consolidated lien on the lines acquired e ra. In 1903, June 30. 1 % : Dec. 31. 1 H % . In 1004. July
1^
by consolidation In 1890. O f the $6,000,000 Issued, $4,373,000 are In the Dec., 2 % . In 1905. 4 % . In 1906, 4 /4 % . In 1907, 5'%. In 1908, 5 % .
hands of the public and the balance Is held In the guaranty fund.
In 1909, June, 2 14 % .
■
Stockholders of Brooklyn City R R . July 10 1906 authorized a new m ort
A N N U A L R E P O R T .— Now Included In Brooklyn Rapid Transit.
gage for $6,925,000 to provide for refunding. V . 82, p. 1437. These
O F F IC E R S .— Pres.. John Englls: V .-P ., T . S. Williams and J. F.
bonds arc subject to call after July 1 1915 at 110 and Interest.
The total authorized Issue of first consolidated m ortgage gold 5s of the Calderwood; C om p., Howard A bci; Sec. and T reas., C. D. M cnecly.— V.
B rooklyn Queens County & Suburban R R . Is $4,500,000, of which $1,616,
77. p. 2389; V . 79 p. 268; V . 84, p. 1247.
000 are reserved for extensions, on which they will be a first lien. O f the
(2) Nassau Elecfric Railroad,— A trolley road.
$2,884,000 outstanding. $2,255,000 In 1898 were endorsed with theguaranty
O R G A N IZ A T IO N .— Chartered March 13 1893 under the laws of New
o f the Brooklyn Heights R R . Co. as to principal and Interest, and In Jan.
1899 provision was made for guaranteeing the remainder of the paym ent of York. Opened In July 1895 and In April 1896 leased the Atlantic Avenue
R R ., &c. As stated above, the Rapid Transit Co. owns the whole $8,500,
$10 per bond. Both B. Q. C. & S. loans are subject to call In 1016.
The Sea Beach R y . 1st 4s .also are guaranteed as to principal and Interest 000 com m on stock o f the Nassau Electric and $6,367,275 out of the $0,
500,000 preferred stock.
by the Brooklyn Rapid Transit Co. V . 65. p. 1219.
Lease.— Was formerly leased for 999 years from April 1 loot) to Brooklyn
The Nassau Electric bonds are guaranteed (by endorsement on each, bond)
by the Brooklyn Heights R R . Besides covering the mileage directly owned Heights R R ., but colncldently with a decision com pelling the Issuance of
they are a lien by a supplemental agreement upon the stock of the Coney transfers from one leased line to another (V . 79, p. 102) the lease was ter
Island & Gravesend R y . and the Sea Beach R y . and will becom e a direct minated on June 30 1904. For still another decision ns to transfers, see
lien on these lines should the latter becom e merged In the Nassau Electric. V. 82, p. 1323; also V. 85, p. 404.
The assets of the Kings County Traction Co. were purchased at public
Of the total of $15,000,000 bonds authorized, the unissued remainder
sale In July 1898 by the syndicate conducting the consolidation. V . 67,
($4,274,000) Is for prior liens. See listing application In V. 72, p. 342.
p. 74, 125. Certificate of merger of Atlantic A venue R R . and United R R .
Sidings,
Total
2d
1st
M IL E A G E .— The system Includes:
(the latter being successor to the Brooklyn Cable Co. sold at forecloeur
&c.
miles.
Track.
Track.
Name—
.301
4.286 Dec. 23 1807) was filed on Jan. 26 1899. V . 68, p. 283,821.
Brooklyn Heights R R .............................. 2.134
1.851
In June 1907 a 10-year mortgage for $5,000,000 was authorized to secure
23.564 225.694
98.798
Brooklyn City R R ...............
103.332
-103.332
3.223
57.255 certificates o f Indebtedness Issued from time to time to the Brooklyn Rapid
Brooklyn Queens Co. & Suburban R R .. 27.358
26.674
9.299 138.692 Transit for advances made for Improvements, &e., but In July 1008 the
65.496
Nassau Electric R R ---------------------------. 65.495
63.897
1.753
15. 93 Public Service Commission denied application for approval o f mtge. V . 84,
7.020
.
Sea Beach R ailw ay.................................. 7.020
.348
6.786 p. 1181, 1246, 1550; V . 87, p. 224.
3.188
Coney Island & Gravesend R y ............ 3.250
.
STOCK A N D BONDS.
Date.
Interest. Outstanding.
Maturity.
■Common stock $8,500,000____ ______
__________ ?8,500,000
----------------Preferred 4 % cum $0,500,000............
M-N
6,500,000 N ov ’08, 2 %
Bonds.— For details sec R apid Transit statem ent above.
R O A D .— Embraces 138.002 miles o f single track.
.
A tlantic A venue R R . (now part o f Nassau Electric) owned the double
track steam road (since converted to electricity) from Jam aica to Flatbush
Avenue Station In B rooklyn, 0 J* miles (10 miles o f track), which Is leased
for 00 years from June 1 1877 to the Long Island R R . C o., affording that
com pany entrance Into the city of Brooklyn— rental, form erly a percentage
o f receipts, was changed In 1805 to $00,000 yearly. V 01, p. 828. Lltl
gatlon has arisen with Long Island R R . with reference to use o f Atlantic
Avenue. See V . 74, p. 1130.
D IV ID E N D .— First d lv. on pref. under lease was paid Dec. 31 1000, 4 %•
N ov. 1 0 0 1 ,4 % ; N ov. 1902, 4 % : N ov. 1003. 4 % ;N o v . 1904, 4 % ; N ov. 1905,
4 % ; In 1000, May, 2 % ; N ov., 2 % ; In 1907, M ay, 2 % ; N ov., 2 % ; In 1908,
^ A N N U A L R E P O R T .— For year ending June 30 1909, gross, $3,882,330;
net, $1,103,138; other Income, $137,437; charges, $1,057,003; surplus,
$182,882. V . 72, p. 240, 339, 342; V . 82, p. 1323.
(3) Prospect Park & Coney Island R R .— A trolley road.
O R G A N IZ A T IO N .— Controlled by Long Island R R ., but on June 17
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999
years to the Brooklyn Heights R R . and equipped the road electrically.
(V. 68, p. 1224; V . 09, p. 054.) In F. b. 1907 this lease was assigned to
the South Brooklyn R y. V . 84. p. 509. Rental Is $40,000 per annum and
expenses until 1910, when amount Increases to $45,000. In consideration
of a guaranty by Long Island R R ., annual Interest on the greater part of
Prospect Park A Coney Island’s bonded debt has been reduced from 6 and
7 % to 4 >4 % . See V. 50. p. 42; V . 62, p. 187.
STOCK AND BONDS.
Date.
Interest. Outstanding.
Maturity.
Stock $ 1 0 0 .. ...................................................................
$250,000 ----------------Second m ortgage now first)
1880 4 J* F-A
340,000 Feb 1 1920
($1,000 ea ch )................ c*A r)
1880 6 F-A
160,000 Feb 11920
Third m ortgage (now second) 1
1891 4H g M-S
96,000 Mch 1 1931
gold ($1,000 ea ch )___c * A rj
1891 0 M-S
104,000 Mch 1 1931
Interest on above mortgages payable at U. S. Mortgage & Trust C o., N. Y.
Incom e bonds non -cum ______ 1880
0 M-N
250,000 May 1 1920
Bills payable June 30 1909__________
__________
430,500 ----------------R O A D .— Embraces 27.697 miles of single track, of which 21.797 m ile '1
owned, 5.40 leased and .44 operated under trackage rights.
E A R N IN G S .— Now Included In those o f Brooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn Heights In
year ending June 30 1909, $40,000; rental of buildings, $40,079; total, $80,
070; Interest, taxes, A c., $67,465; surplus, $12,014.
CONEY ISLAND & BROOKLYN RR —
O R G A N IZ A T IO N .— Chartered Dec. 10 I860. Cars com m enced running
over the Brooklyn Bridge Feb. 15 1898. See V. 00, p. 383.
Brooklyn City A Newtown was leased In N ov. 1807 for 099 years, and In
1000 was merged Into the Coney Island & Brooklyn.
Authorized stock was Increased In March 1007 from $2,000,000 to
$3,500,000. V . 84, p. 569. O f this amount $1,000,000 was offered to
shareholders In May 1907; paym ent to be made In Installments— 25 % each
on July 1 and Oct. 1 1907 and Feb. 1 and May 1 1908. V . 84, p. 1113.
On April 11 1908 applied to Public Service Commission for permission to
lssuc$402,000 1904 consol, mtge. bonds for Im provem ents. V. 86, p. 917.
Up to Sept. 1909 permission not granted.
Dividends Suspended.— In 1907 the stockholders agreed to suspend d iv i
dends for tw o years In order to meet the expenses o f extensive Im prove
ments (Including equipping o f new power station). V . 84, p. 1113.
STOCK AND BONDS.
Date.
Interest. Outstanding. Last dlv.,
Stock $3,500,000 (par $ 1 0 0 )-. . . . .
Q .-F .
$2,983,900 Feb 07, 2 %
First consolidated mortgage) 1898
4 g J-J
2,000,000 July l 1948
$2,000,000 g o l d . . ................. f Mercantile Trust C o., New Y ork, Trustee.
Consol mortgage $10,000,0001 1904
4 g J-J
1,500,000 Jan 1 1955
gold ($1.000)_____
c*J Mercantile Trust C o.. New Y ork, Trustee
Car trust bonds $30,000 ____/ 1908
6 % F-A
30 000 Aug. 1 .’10-14
— V. 80, p. 420. 480.
( Interest at Brooklyn Trust Co.
Brooklyn City & Ncwtownl 1889
5 J-J
2,000,000 July 1 1939
first mortgage $2 000,000. 1Interest at Mercantile Trust C o .. N . Y .,T ru s.
Real estate m ortga ges......... .................
5%
100,700
-------------------Bonds.— O f the new $10,000,000 bonds, $4,000,000 are reserved for prior
liens and $4,500,000 for extensions and Im provem ents. N o sinking fund
and bonds cannot be called.
R O A D .— Brooklyn to Coney Island, with branches, 13.75 miles; Brook
lyn City & N ewtown R R ., main line and branches, 10.38 miles; trackage
rights, 5.35 miles; second track and sidings, 24.18 miles; total operated,
53.60 miles. 483 cars.
Fares.— Beginning May 5 1901 fare to Coney Island on Sundays and holi
days was Increased from 5 to 10 cents. On A ug. 31 1908 fare on week days
was also raised from 5 to 10 cents. V. 87, p. 613. On July 3 1909 Public
Sorvlce Comm, held that com pany Is justified In charging a 10-cent fare on
Saturdays, Sundays and holidays, but that a 5-cent fare on other days Is
sufficient. No order, however, reducing fares was made. V. 89, p. 102.
D IV ID E N D S .— In 1895, 0 % ; In 1890,5 %; in 1 8 9 7 ,0 % ; In 1898 6 M % .
V. 07, p. 955. In 1899, 10% ; In 1900, 10% ; In 1901, 1 3 !* % ; In 1902,
1 0% .; in 1903, 10% ; In 1904, 10% ; In 1905, 10% ; In 1900, 8 %; In 1907,
F eb., 2 % ; May dividend passed. None since.
R E P O R T .— For years ending June 30:
12 Mos.
Gross.
Net.
Oth.Inc. Tnt.taxes.&c. Bal.sur.
1908-09............................ $1,479,173 $171,887 $12,767
$308,921 $175,733
311,200
4,004
310,403
5,402
1907-08............................ 1,557,457
1900-07............................ 1,613,724
384.875
7,891
311,722
81,044
O F F IC E R S .— Pres., S. W . Huff; 1st V .-P ., W m . N. Dykm an; 2d V .-P .,
(va ca n t): See. and Treas., D. B. Cannon; A ud.. Elmer M. W h ite.— V . 80.
p. 420, 479, 480, 917; V . 87, p. 013, 1159; V . 89, p. 102.
VAN BRUNT STREET & ERIE BASIN R R .— A trolley road.
O R G A N IZ A T IO N . A c.— Chartered Feb. 15 1801. S tock, $200,000, all
Issued; par, $10. Bonds, $75,000 1st m tge. authorized; $05,000 out.
Track, 3 miles, changed to electrlctly In 1898. 15 cars. Gross, 1907-08,
$50,282; net, $18,351; other Income, $1,237; charges, $3,596; dlvs. (5 % )
$10,000; balance surplus, $5,992.
O F F IC E R S .— Pres., John F. Murphy; V .-P ., D . W . Sullivan; Sec. and
Troas., VVyllys Terry. O ffice, 264 Van Brunt S t., B rooklyn, N. Y .
BUFFALO, N. Y.
BUFFALO & DEPEW R Y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated on April 27 1897. The Investm ent
Co. o f Philadelphia owns about three-fourths of the stock and the entire
$350,000 bonds.
On Dec. 9 1904 tho Buffalo & Rochester R y. was Incorporated (V . 79,
p. 2095) for the purpose of extending line from Depew to Rochester. The
R R . Commission, however, refused permission to build the road. In O ct.
1905 the Buffalo A Rochester Traction Co. was chartered to build the road.
In April 1907 permission to build this road also was refused by the R R .
Commission. In June 1907 Commission granted permission to the Bulfalo
Genessce & R och. R y. to build the road from Depew to Rochester.
STOCK AN D BONDS—
Date.
Interest.
Outstanding. Maluniy.
$305,000 ............
Stock, $350,000 ($100)..............................................
Buff A D 1st mtge, $350,000-- 1901
5 J-J
350,000 Jan 1 1031
Loans payable June 30 1 9 0 9 . ____
_______
97,483 ___________
E A R N IN G S .— Year ending June 30 1909, gross, $14,489; deficit under
operation, $0,893; fixed charges, $19,296; total deficit, $26,189.
R O A D .— Operates a double-track road from Buffalo to Depew, 13.59
miles o f track; 00-lb. rail: 5 cars.
O F F IC E R S .— Pre3., Henry H. Kingston; See. and Treas., John J.
Collier. V . 79. p .2 6 0 5 .
BUFFALO A L A K E ERIE TRACTION CO.— A trolley road.
O R G A N IZ A T IO N .— Incorporated In New York and Pennsylvania In
Dec. 1900 and Is a consolidation o f the Hamburg R y ., the Dunkirk A Fre
donla R R , the Builalo Dunkirk A Western R R ., the Lake Erie Electric
Traction Co, and the Erie Rapid Transit Co. Leases the Erie Electric
Motor Co. for 999 yeurs, which com pany leases the Erie City Passenger R y.
for 099 years from Oct. 1 18,88 and the Erie Reed Park A Lakeside
St. R y. for 999 years from March 1 1901. In Fob. 1907 absorbed the
Jamestown Chautauqua A Lake Erie R y . (steam ). V 84, p. 506, 509.
Tho com m on stock was Increased for this purpose from $4,250,000 to
$5,000,000. In 1009 leased the Buffalo A Lack. T ract. Co. for 999 years.
V. 88. p. 1001.
STOCK A N D BON DS—
Date.
Intirest. Outstanding.
Maturity.
C om m on, $5,000,000_______
$5,000,000
Pref, 5 % . $2,500,000 cum
from July 1909 ....................
2.500.000 ................
1st and ref mtge, $12,000,- 1006
5 g M-N
6.005.000 N ov 1 1936
000, g ($1,000)__________c*/In terest at New York Trust C o., Trustee
6 g J-J
Erie El M 1st m tge, $200,0001 1889
148,000 Jan 1 1919
($1,000), go ld ----------------- c/Central Trust C o., trustee. New York City.
Erie El M 2d m tge. $150,000) 1892
6 g J-J
1 0 2 , 0 0 0 Jan 1 1919
($1,000), gold ----------------- c/Central Trust C o., Trustee, New York C ity.
Erie
1st ref sink fundi 1901
5 g A-O
1,000,000 April 1 1941
$1,250,000, told ($ 1 ,0 0 0 )./Interest at New Y ork Trust C o., Trustee,
________
Cannot be called- c’ j
New York City.
H am burg R y 1st m tge, 5750,- 1906
4 g M-N
650,000 N ov 1 1926
000, gold ($1,000)--------------/I n t . at Trust Co. of Am erica, N . Y ., Trustee.
Dunkirk AFredonla 1st mtge" 1891
5 J-J
40,000 July 1 1911
$40,000............................. ..
Frederick R . Green, Trustee.
Dunkirk A Fredonla 2d m tge.) 1898
5 J-J
21,000 July 1 1911
$ 2 1 , 0 0 0 . . ....... .................
Frederick R . Green, Trustee.
Dun A Fred ref M, $100,000,
5 g J-J
39,000 July 1 1952
gold ($100, $500 A $1,000)
Fidelity Trust C o., Buffalo, Trustee.
Jamestown Chautauqua A
Lake Erie m tge, $750,000_j 1901
4 J J
500.000 Jan 1 1951
Jamest A Chautauqua m tg e ..
250.000
Bonds.— Of the $12,000,000 new bonds, $2,100,000 are reserved to take
up a like amount o f underlying liens (not Including In this the liens on the
Jamestown Chautauqua A Lake Erie which road was absorbed subsequent
to the making o f this Issue). These new bonds are subject to call on any
int. date on or before N ov. 1 1911 at 105 aud lnt.; thereafter at 110 and Int.
Interest on the 1st and 2d mtges. o f the Erie Electric Motor Co. Is paid by
Kountze Bros., New Y ork. The Erie Electric M otor ref. bonds are secured
by deposit o f entire stocks o f the Erie City Pass. R y . and the Erie Reed Park
A Lakeside St. R y . A sinking fund o f 1 % annually on these bonds began
April 1 1906 and will be Increased to 1 •* % In 15)16. The H amburg R y .
bonds are subject to call on or before N ov. 1 1911 at par and lnt. The
Du«
& Fred. ref. m tge. bonds are subject to call on any lnt. date at 103.
R O A D .— Operates 81 miles o f track from Erie through Northeast to
estflcld, Including city lines In Erie. Also the old Jamest. Ghaut. A Lake
Erie from Westfield to Jamestown, 43 >* miles. Also 3 miles In Dunkirk
a n d 4 miles form erly owned by the Dunkirk A Fredonla. Also 15 miles from
Buffalo to H amburg. Total track, 147 miles. The gap between Ham
burg and Dunkirk (about 33 m iles), which com pletes a through line betvveen Buffalo, N. Y .. and Erie, P a ., was put in operation In Dec. 1908.
Will enter Buffalo over tracks of the Buffalo A Lackawanna T raction Co.
which see below . Grand total of track, 180 miles.
O F F IC E R S .— Pres., Jos. B . Mayer, New York; V .-P ., J. C. Calisch- Sec
and T reas., P . C. Schutrum, New York; Asst. S ec., Jas. A Byrne-’ G e n ’
M gr., M. C. Brush.— V . 86, p. 980; V . 88, p. 293, 1001.
(1) BUFFALO & LA CK AW A N N A TRACTION CO.
O R G A N IZ A T IO N .— Incorporated In New York In June 1906 with $ 1 ,
000,000 stock by the Mayer-Sheehan syndicate. In April 1909 was leased
to Buffalo A Lake Erie Tract for 999 years. In Mar. 1909 Public Service
Comm , approved mortgage for $1,500,000. Stock reduced to $100,000
V . 88, p. 748.
B ON DS.—
Date.
Interest. Outstanding.
Maturity.
1st mtge $1,500,000 gold . . . / 1908.
5 g J-D
$1,000,000 D ec.l 1928
($1,000)
(In t. at New York Trust C o., Trustee.
Bonds arc subject to call on or before Dec. 1 1911 at 105 and ln t., and
thereafter on or before Dec. 1 1913 at 110 and lnt. T hey have no sinking
fund.
R O A D .— Is to be a double-track road about 4 J* miles long,affording an
entrance Into Buffalo for the Buir. A Lake Erie Tract. Co. Is expected to
be com pleted by the close o f 1909.
O F F IC E R S .— Pres., Jos. B. Mayer; V .-P res., A. T . Cole and J. C. Calisch;
S ec., J. A. Byrne; Treas., P . C. Schutrum. V . 88, p. 293, 748.
BUFFALO LOCKPORT & ROCHESTER R Y .
R E C E IV E R S H IP .— On A ug. 5 1909 Judge Hazel, In U. S. Circuit Court
at Bulfalo, appointed J. M. Campbell of Rochester and M. W . Childs of
Medina receivers. Interest due A ug. 1 1909 remains unpaid. V . 89, p. 347.
O R G A N IZ A T IO N .— Incorporated on June 22 1905 In New York. Is
a consolidation of the Albion Elec. R y ., the Albion A L ockport R y. and
the Albion A Rochester R y. In 1908 the Buffalo Lockport A Rocli. Rolling
Stock Co. was Incorporated, with $50,000 capital stock, and authorized
$200,000 bonds, covering 15 lnterurban passenger cars and two express and
baggage cars, and $85,000 bonds, covering 6 passenger cars, which will b e
com e the property of the Railway Co. upon fulfillment of Its contract to
m eet In full prln. and Int. of bonds.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $4,000,000 ($100)......... - .................................. $4,000,000 .......................
1st m tge, $4,000,000, g o l d . . . ) 1904
5 F-A
3,400,000 Feb 11054
($ 1 ,0 0 0 )________________c ’ j l n t . at Lincoln Trust C o., Trustee.
B L A R Rolling Stk Co e q u i p ) -----5%
200,000
See text
tr Series " A ” , $200,000___J
B L A R R Stk Co Ser " B " _________
__________
85,000 ___________
Bonds.— $600,000 bonds are in treasury of com pany: they are subject
to call at 110 and accrued Interest on any Interest day, on three m onths’
notice, after Feb. 1 1914. The Series “ A ” equipment trust bonds mature
In Installments o f $20,000 each.
R O A D .— Operates about 55 miles between Rochester and L ockport.
Ralls 70 to 80-lb.
O F F IC E R S .— Pres., J. M. Campbell, Rochester: V .-P ., Sec. and Treas.,
A lbert Oakley, T oron to.— V . 82, p. 1210; V . 89, p. 347.
BUFFALO SOUTHERN R Y . CO.— A trolley road.
In May 1906 control of road changed hands. See V . 82, p. 1155,
O R G A N IZ A T IO N .— Incorporated In New York on A ug. 26 1904 and li
a consolidation of the Buffalo Hamburg A Aurora R y. and the Buffalo
Gardenville A Ebenezer R y . V . 79, p. 2146. Franchises perpetual. Has
trackage rights In Buffalo over tracks o f the International Traction Co.
By Legislative A ct approved I'eb. 7 1907 time for com pletion o f road was
extended until I'eb. 10 1909.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock $2,000,000 ($100)................................... ........
$547,200
__________
1st mtge, $2,000,000, g o ld / 1904
5 g A-O 15
600,000 Oct 15 i934
($ 1 ,0 0 0 )------------------------ c 'f l n t . at Seaboard Nat. Bank, N. Y ., or at
iFldellty Trust C o., Buffalo, Trustee.
BO N D S.— No 8. f., but from $50,000 to $100,000 bonds arc subject to call
at 110 and lnt., on any Int. date upon 3 m onths’ notice. $1,400,000 bonds
reserved for future extensions and equipm ent.
E A R N IN G S.— For year ending Dec. 31 1908, gross, $62,134; net, $8,732.
In 1907, gross, $63,206; net, $15,011.
R O A D .— Operates from Buffalo to Hamburg, East Hamburg and Or
chard Park 15 H miles; also has a line from Buffalo through Gardenville
and Ebenezer to Lien’s Park, 5 !* miles. An extension to East Aurora
15 miles, Is under construction, 5J* miles com pleted, remainder expected
to be In Jan. 1910. 60-lb. T and 80-lb. girder rail.
O F F IC E R S .— Pres., R . V . Mathews, New York; V .-P ., H . C. Lein, Gar
denville, N. Y .; S ec., II. M. Gear, BuHalo; Treas., R obt. B. Austin, New
York; Gen. M gr., Geo. F. W ells, Buffalo.— V . 86, p. 419.
BUFFALO & W IL L I AM SVILLE ELECTRIC R Y .
In May 1906 control of road changed hands. See V . 82, p. 1155.
O R G A N IZ A T IO N .— Chartered A ug. 10 1891. In May 1904 capital w m
Increased from $75,000 to $3,500,000, and In July 1904 a new m ortgage
for $3,500,000 was made to provide for extension to R ochester
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $3,500,000.......................................................
$75,000 _____ ______
1st mtge, $3,500,000, goldl 1904
5 g J-J
127,500 July 1 1944
($500 and $ 1 ,0 0 0 ) ................f Int. at Commonwealth Tr. C o., Buffalo, Trust
Bonds.— Are subject to call on any Interest date at 105.
R O A D .— 4 V miles of track. Builalo to Wllllamsvllle. An extension from
4
Wllllamsvllle to Rochester, 60 miles, Is contem plated; has been com pleted
to Batavia. Permission to build remainder has been granted b y Railroad
Commissioners. Ralls 80-lb. T and 90-lb. grooved girder.
O F F IC E R S .— Pres.. L . L. Lewis Jr.; V .-P . and Gen. M gr., L . L. Grove;
S ec., Godfrey Morgan; Treas., S. R. Mann.— V . 84, p. 1306.
Income Account of International R y ,, C rosstown Street R y . and Electric
TRACTION AL CO. OF NEW JER SEY .
C ity R y ., including Fixed Charges of International T raction Co
O R G A N IZ A T IO N .— Incorporated In New Jersey on A ug. 9 1905 and
Calendar year ending Dec. 31—
1908.
1907.
1906.
acquired $7,030,000 of the $ 1 0 ,0 0 0 , 0 0 0 com m on stock o f the International
$5,380,437 $4,972,688
Gross earnings from operation______ $5,159,605
Traction Co. through exchange of stock— 100 shares o f International stock
3,228,482
3,362,883
2,884,986
for one share o f Tractlonal Co. stock. A large amount of the $5,000,000 Operating expenses.................................
pref. stock of the International T ract. Co. Is held by Interests Identified
Net earnings......... .............................. $1,931,123 $2,017,554 $2,087,702
with the new com pany. See V . 81, p. 728. Authorized stock o f now
81,813
69,111
com pany $100,000. o f which $50,000 is outstanding (after having pur Miscellaneous Incom e________________
87,961
chased and cancelled Feb. 1 1909 $20,300 of Its stock). No bonds.
T otal net Incom e................................. $2,019,084 $2,099,367 $2,156,813
O F F IC E R S .— Pres., Thom as Penney: Sec. and Treas., Arthur Robinson
Fixed charges. Including Int. on bonds
15 Exchange Place, Jersey City, N . J .— V . 81, p. 728.
1,787,106
1,691,959
of I. T . C o., taxes A d ep recia tion ..
1,846,793
IN TERN ATION AL TRACTION C O .-T r o lle y .
Surplus...................................................
$172,291
$312,263
$464,854
O R G A N IZ A T IO N .— Organized on Jan. 18 1899 under N. J. laws and
R O A D .— Mileage Jan. 1 1909 (Including Crosstown Street R y . o f Buf"
has acquired all the electric railways connecting the cities of Buffalo, Niagara falo and E lect. City R y . of Niagara Falls, N. Y .). Length of line, single
Falls, Lockport, North Tonawanda and Tonawanda, together with all the track (owned 197.79; leased 17.53; trackage, 5.47), 220.79 miles; total track
street railway systems In all of said cities: also the electric railway connecting operated (owned, 346.70; trackage, 5.99; leased 21.7 6), 374.45 miles.
the villages of Depew and Lancaster with Buffalo. It also acquired the Gauge, 4 feet 8M Inches. Rail (steel), 45 to 140 lbs.
Canadian Electric Railway, traversing the entire length o f the Queen V ic
E Q U IP M E N T .— Jan. 1 1909 (Including Crosstown Street R y . of Buffalo
toria Niagara Falls Park and connected It with the American system by the
acquisition of the steel arch bridge at Niagara Falls and the Suspension and E lect. C ity R y .); 1,070 cars of all classes. Including 926 passenger cars;
car stations, 25; sub-stations (electrical), 6; power furnished b y the Niagara
Bridge between Queenston and Lewiston, which brldgeshavc been equipped
the Cataract Power A Conduit Co.
with trolley tracks
On O ct. 30 1905 acquired the entire $80,000 capital Falls Power Co. and operating
all
.-P
stock of the Electric City R y . In Jan. 1907 organized the Frontier F.lectrlc E. O F F IC E R S ofand Com p., J. cos.— Pres., Thos. Penney;T .VW . ., Thom as
Mitten; Sec.
W . Crawford; Gen. M gr.,
W ilson.
R y ., to build a line to connect with a proposed new bridge across tho Niagara
O F F IC E R S of International Traction C o.— Pres., Thos. Penney; V .-P .,
R iver. See statement of that com pany below.
Thomas E. Mitten; Sec. and C om p., J. W . C rawford.— V. 85, p. 1576;
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity. V . 86, p. 421, 1095; V. 87, p. 873, 1533; V . 88, p. 748, 879.
---------- $10,000,000 -----------------Stock, com m on, $ 1 0 ,0 0 0 ,0 0 0 .-----Pref, 4 % cum , $5,000,000____ ____
________
5,000,000 ....................
(1) Frontier Electric R y.
O R G A N IZ A T IO N .— Incorporated In New York on July 27 1908. Entire
Collateral trust, $30,000,0001 1899 4 g J-J
17,955,000 July 1 1949
($1,000), gold, c*. Inter-} Guaranty Trust C o., N. Y ., Trustee. May stock Is'owned by the International Hallway Co.
est at J. P. Morgan & C o .. J be called at 110 and Int. on any lnt. date.
STOCK AND BONDS —
Date.
Interest. Outstanding.
Maturity.
Car trust certificates N o. 1,1 1904
5%
$50,000
1911 Stock, $1,500,000 ($100)..........................................
$25,000 .....................
$ 1 7 5 ,0 0 0 ..............................j
1st M, $2,000,000 ( $ l , 0 0 0 ) . c .........................
None
................ ..
Car trust certificates N o. 2,1 1900
4
J-D 15
420,000
1909-1916
R O A D .— Will construct a double-track road on private right of way from
$600,000 ($1,000)_______ c*/Com m ercIal Trust C o., Phlla., Trustee.
Buffalo to the entrance of the proposed new bridge across the Niagara R iver
Car trust certificates No 31 190/ 6%
200,000
See text
$250,000.......................
.[Commercial Trust C o.. Philadelphia, Trustee at Niagara Falls, to be built by tne Trans-Niagara Bridge C o. (Sec V . 84,
. 158.) The new road will make connection at the bridge with the Niagara
Bonds and Stock.— O f the $30,000,000 collateral trust mortgage, $12,2X5,t. Catharines A T oronto R y .. which Is to be extended to the Niagara River
000 were originally reserved t t ike up an equal amount o f the un lerlylne thus com pleting a through line from Buffalo to T oronto.
bonds of the allied and controlled companies outstanding, and $600,000
O F F IC E R S .— Pres., H. T . Ram sdell; V .-P ., P. P . Pfohl; Sec., Samuel
o ' that amount has been Issued for that purpose, leaving $11 685.000
still reserved. $360,000 of bonds remain In treasury o f com pany
Car Ellis; Treas., W alter Asplnwall.—-V. 84, p. 158.
trust certificates No. 2 are secured by title to 150 cars. They fall due
In seml-annuai Installments o f $30,000 each from Dec. 1906 to June 1916
BURLINGTON, IOWA.
inclusive. Car trust certificates No. 3 arc secured b y title to 50 cars.
PEOPLE’ S AS & ELECTRIC CO.
They fall due In semi-annual 1 stallments o f $12,000 March 1 and $13,000
O R G A N IZ A T IO N .— Owns all the stock, assets, franchises and good-w ill
Sept. 1 from March 1 1908 to Sept. 1 1917.
Franchises.— In June 1900 we were Informed that the m ajority of the of the Burlington R y . A Light Co. Franchise expires In Feb. 1927.
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
STOCK A N D B O N D S —
Date.
Interest
Outstanding.
Maturity.
and towns having then an unexplred term of less than 40 years, ex Stock, $1,250,000...................... .............................
$1,250,000 .....................
cepting only the Fillmore Avenue franchise, covering an extension o f 0 W Burl R yA L t, 1st M. $750,000) 1897
5 g A-O
750,000 Oct 1 1 9 1 7
miles on the east side In Buffalo, which was limited to 25 years; also portions
($500, A c ), red after July llln te re st at American Trust C o., B os., T ru s.
of Franklin. Pearl, Genesee, W . Seneca, Morgan, and W . Chippewa Sts.;
1902 at 105, gold ..............c*J
extension of Morgan St. or E lm wood A ve., In the Terrace and College Place.
Bonds arc guar. prin. and lnt. by endorsement by People's Gas A E lectric
- Consolidation or Constituent Companies.— On Feb. 20 1902 the Interna
Co. of Burlington, and the latter has made a trust deed to secure the guar’ t y .
tlonal Railway Company was Incorporated In New Y ork with $10,120,500
R O A D .—Total track 17 miles trolley. Including an extension to W est
stock, and In A ug. 1902 this was Increased to $17,000,000, o f which $10.
320,500 has been Issued (all owned by the International Traction C o.), asa Burlington. 66 t > 75-lb. T rail. Operates 22 m otor and 25 trail ears.
O F F IC E R S .— Pres., G. H . Hlgbee; Sec. and Treas. C. H. W alsh .—
consolidation of the follow ing com panies, whose shares had previously been
V. 64, p. 41, 468, 753; V . 68, p. 1022; V . 74, p. 1307.
held by the Traction C o.: V . 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue A
Lancaster had first been merged In the sam e).
B U R LIN G TO N , V T
Buffalo A Niagara Falls Electric Railway.
Bullalo A Lockport Railway (after Elm wood A ve. and Tonawanda Elec
BURLINGTON TRACTION CO.— A trolley road.
tric Raliway had been m erged).
STOCK AN D B O N D S—
Date.
Interest. Outstanding.
Maturity.
Buffalo Tonawanda & Niagara Falls Electric R R . Co.
S tock, $200,000 (par $ 1 0 0 ) . . . ____
Q-F
$200,000 A u g’09, l p j
L ockport A Olcott Raliway.
Win A II Horse R R 1st M,1 1894 6 g J-J
150,000 Jan 1 1914
Niagara Falls A Suspension Bridge Railway (after the Niagara Falls
$150,000, gold ($500 andf
Not subject to call before m aturity.
Whirlpool A Northern R y . had been merged In It).
$ 1 ,0 0 0 )....... ........................cj Interest at Burlington Trust C o., Trustee.
Niagara Falls Suspension Bridge Co.
11 miles of track In city of Burlington. Ralls 50 and
RO
The Buffalo Raliway owned the $2,860,000 stock of the Crosstown Street 6o-lb. A D .— Owns 15 box cars, 18 open cars, 2 snow plows.
T . Owns
R y. of Bullalo, and this passed to the International Raliway Co.
Year end. June 30— Gross.
Net. Charges. Dies.
Const■ Deficit.
On July I 1902 the International R y . Co. acquired by purchase the 1908-09.................... $103,200 $33,437 $12,502 $12,000 $23,100 $14,165
Niagara Falls Park & River R y ., the Clifton Suspension Bridge C o., the 1007-08................... 105,507
32,583 -11,072 12,000
21,868 12,357
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. This
O F F IC E R S
leaves the Crosstown St. R y . Co. of Buffalo, the Electric City R y ., the Hendee; S ec., .— Pres., Ellas Lyman;^ V .-P ., Jno. J. Flynn; Treas. W . F.
C. W . Brownell._____
_________
Frontier Klee. R y . and Inter. R y . Co. as the only operating companies, and
eventually (that is, as soon as the $1,000,000 Buffalo R y . debentures se
cured by $2,000,000 stock of the Crosstown St. R y . are retired) the Cross
BUTTE, MONT.
town S t. R y . can also be m erged, thus leaving the International Railway
BUTTE ELECTRIC R A I L W A Y — Trolley.
C o., the Frontier Elec. R y . and the Electric City R y . the sole operating
This com pany was Incorporated In West Virginia In December 1899 as
companies and the International Traction Co. the holding com pany.
successor to the Butte Consolidated R y ., sold at foreclosure.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
Liens of Constituent and Owned Companies.
Stock, $1,000,000 (par $ 1 0 0 ) . . ____
M-N
$1,000,000 Oet’ 06, 2%
B O N D S—
Date.
Interest. Outstanding.
Maturity.
5 g M-S
700 000 Mch 11925
Buffalo East Side 2d m t g e .- - f 1882
6 M-S
$293,500 Sept 1 1912 1st M, $700,000, gold, $1,000/ 1900
e a c h .................. ................ c * l l n t . at Mercantile T r. C o., Boston, Trustee.
l i n t . Is payable at Company s office, Buffalo.
Bonds.— May be called for paym ent on Mch. 1 1915, or on any Interest
Buffalo R y 1st con m tg cf 1891
5 g F-A
4,706,000 Feb 1 1931
($1 000)35.000.OOO.g, c ’ A r lln t . at Co’s, office, Buffalo, E. W . Clark A day thereafter. Sinking fund of 10 % par value of bonds begins Mch. 1 1916.
Dividends.— In 1905, 4 % : In 1906, May, 2 % ; O ct., 2 % ; none since to
iC o.. Phlla., or Merc. Tr. C o., N. Y. Trustee
Buffalo R y debentures, $1,-1 1897
6 g A-O
1,000,000 April 1 1917 Sept 1909— all earnings going Into construction.
R O A D .— Operates 32 H miles of track. 56-lb. T . rails.
000,000 gold, red at 105i Metropolitan Trust C o., New York, Trustee
E A R N IN G S .— Year end. Feb. 29 1908, gross, $475,138; net, $103,280.
after April 1 1902 ($500 and |Interest at com pany’s office, Buffalo, of
O F F IC E R S .— Pres., W . A . Clark. Butte; V .-P ., J. A . Macdonald. 49
$1,000) ................................. J Mercantile Trust C o., New York.
Buffalo R y R E m tge...............I 1894 6
J-D 20
150,000 June ” 0 1914 Wall S t., New Y ork; Sec. and T reas., J. II. A nderson, 49 Wall S t., N . Y .
— V 64, p. 663; V . 69, p. 1300; V . 72, p. 100.
l
Can be paid at par on any Interest date.
aTonawanda Electric R R . 1st] 1895 4 A-O
40,000 April 1 1917
mtge .................
. ] Interest at com pany’s office, Buffalo.
CAIRO, ILL.
aTonawanda Street R y 1st] 1892 6 J-J
60,000 July 1 1912
mtge, $250 .0 0 0 ................... /
Interest at com pany’s office, Buffalo.
CAIRO R A IL W A Y & LIGH T CO.— A trolley road.
,
SCrosstown St R y l s t m tg e .g l 1802
5 g M-N
02,074,000 May 1 1932
O R G A N IZ A T IO N .— Incorporated on Oct. 5 1908 In Maine, to take over
($3,000,000), gu p & I___c * /I n t . at Metropolitan Tr. C o., N. Y . Trustee. the properties of the Cairo Elec. Trac. Co. and tho Cairo City Gas Co. V.
Buffalo Traction 1st mtge,\ 1898 5 g J-D
673,000 Dec 1 1948 88, p. 293, 374. The Cairo Elec. A Trac. was a consolidation of the E gypt
$5,000,000 ................ .........../I n t . at Metropolitan T r. Co-.. N. Y . Trustee. Electric Co. and the Cairo Elec. Light A Power Co.
,, , „
f 1897
5 J-D
$215,000 June 1 1927
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
Buffalo Bellcv & Lan M tge.( Redeemable June 1903 at 102, and JS % less
l each year until at par.
O ^ A T is t m tg c , S o b b ' g f 1903
5 g ‘ j-D _
•
Jun'; 1 ™23
Buff A Nlag Falls Elec R y — \ 1895
5 g J-J
750,000 July 1 1935
($500 and $1,000)_______ c /I n t . at Central Trust C o., Chicago, Trustee
1st M, $750,000. gold ____c /I n t . at Mercantile Trust C o.. New York.
Bonds.— $50,000 are reserved for extensions and betterments. Are
2d M, $250,000, g. 8 f, redv 1896 5 g J-J
95,000 July 1 1921 subject to call on any Interest date after 10 years at 105.
after 1901 at 105 ($ l,0 0 0 )c /ln t. at Mercantile Trust C o.. N. Y .. Trustee
E A R N IN G S of Cairo El. A Trac. Co. for calendar year 1907, gross.
Buffalo A Lockport 1st mtge,\ 1898 5 g J-J
500,000 July 1 1938 $140,139; net, $33,593.
_
... ..
, , .
gold $500,000____________ /I n t . at Trust Co. o f Am erica, N. Y ., Trustee.
R O A D .— Operates 9H miles of track In Cairo, together with the electric
Lockport A Olcott R y 1st) 1900 5g J-J
800,000 July 1 1920 lighting and power plant. V. 87, p. 613; V . 88, p. 293, 374.
mtge,
$1,000,000,
gold) ln t. at Morton Tr. C o., N. Y ., Trustee; also
($ 1 ,0 0 0 )............................. c*l
at Buffalo. Guar., p. A 1., by Inter. Trac.
CAIRO & ST. LOUIS R Y .
Niagara
Falls
Suspension) 1897 5 g J-J
300,000 Jan 1 1028
Incorporated In Illinois Oct. 1908 to construct a line from Cairo to East
Bridge, Clifton Suspension)Toronto General Trusts Co , Trustee.
B r id g e ______ _____________/ Int. at American Exch. Nat. Bank, N. Y. S t. Louis. Has a 50-year franchise In Cairo, Mound City and Mounds.
STOCK AND B O N D S—
Date.
Interest. Outstanding.
Maturity.
Lewiston Connecting Bridge) 1808 5 g A-O
125,000 Oct 1 1928
Stock, $100,000............................... - ..................... ..
$100,000 ----------------Co.
Queenston
H eights)Toronto General Trusts Co. Trustee.
5 g M-N
250,000 N ov 1 1938
Bridge C o_________________ J Interest at American E xch. N at. Bank. N. Y . First mort. $250,000 gold cA r f 1908
I Portland (Me.) Tr.Co.,trus., A F.D .L unt.P ortl'd
Nlag Falls Park A River ls t l 1893 5 J-J
600,000 Jan 2 1014
Bonds.— Coupon bonds are In $1,000 pieces and registered in any desired
m tge, Canadian c u r r e n c y ../I n t . at Imperial Bank, T oron to, Canada.
amount
Int. at Portland (Me.) Tr. Co. No s. f. and not subject to call.
a Nlag Falls A Susp Bridge R y 1893 4 J-J
518,000
1913
R O A D .— 10 miles of track com pleted and In operation.
a Nlag FallsW hlrlpoolAN o R y 1804 4 J-J
22,500
1913
O F F IC E R S .— Pres., W . B. M cKinley, Champaign: V .-P . and Gen. M gr.,
L. E. Fischer, Danville; Sec. and Treas., Edward W oodm an, Portland, Me.
aAll owned by International Traction Co.
— V . 88, p. 293.
OOf this $350,000 owned by International Railway Co.
Bonds.— The Bullalo R y . real estate mtge. matured June 20 1904, but was
extended until 1909, when they were again extended until June 20 1914; the
CALAIS, ME.
Tonawanda Elec. R R . mtge. due April 1 1907 was extended until 1917. The
C A L A IS STREET R A IL W A Y .— A trolley road.
Niagara Falls A Suspension Bridge R y . bonds of 1893 and the Nlag. Falls A
nortgage, 1898, 5s, J-J,
O R G A N IZ A T IO N .— Stock, $100,000; first mo
W hirlpool Northern bonds of 1894 given In the table above matured In 1903,
but were acquired b y the International Traction Co. and extended ten $100,000 due July 1 19)8.
R E P O R T .— Year ending June 30 10 >7, gross, $28,466; net, $1,547,
years, and then deposited with the Guaranty Trust Co. of New York as
,
_ , ,
additional security under the International Traction Co. collateral trust interest and taxes. $5,469: deficit, $3,922.
R O A D .— Calais Street Railway, lower wharf to upper bridge, Calais, 4
m ortgage. All the outstanding stock of the International Raliway, $60,000
b o n d sof the Tonawanda Street R y ., $40,000 bonds of Tonawanda Elect. R R ., miles; St. Stephen Electric St. R y .. MlUtown, N. 1!., to St. Stephen, N. B .,
$518,000 bonds of tho Niagara Falls A Supsenslon Bridge and $22,500 3 miles; total, 7 miles. The St. Stephen Electric St. R y . Is a separate
bonds of the Niagara Falls W hirlpool A Northern are pledged as security for corporation, but Is owned entirely b y the Calais com pany.
O F F IC E R S .— Pres.. George A . Curran; Sec., Charles F. Pray; Treas.
the International Traction collateral trust loan. The Buffalo R y . deben
and Gen. Mgr., C. W . Young, all of Calais, Me.
tures are secured b y deposit of $2,000,000 stock o f Crosstown Street R y .
§
a
CANON CITY, COLO.
CANON CITY FLORENCE & R O YA L dO R G E INTERURBAN R Y .—
A ltrolley road.
.
,
,
Receivership.— On Jan. 3 1907 Jas. H . P eabody was appointed receiver.
See V. 84. p. 101. In 1908 Thco. M. Harding appointed receiver, Mr. Pea
body having resigned.
O R G A N IZ A T IO N .— Incorporated In Colorado In March 1906.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
MaturUy.
-----------$1,500,000 ------ - - - - -
Stock $1,500,000 ($100)------------------First morgtage $500,000 gold) 1906
5 g M-N
150,000 May 1 1920
($500 and $1,000)_________/P u b llo Trustee ot Frem ont County, Trustee.
Bonds.— Are not subject to call.
R O A D .— Had under construction 3 miles In Canon City and 10 miles of
track from Canon C ity to the park at the top of R oyal Gorge. Also
proposed to build from Canon City to Florence, 8 H miles; and a branch
loop through Lincoln Park and South Canon, 6 miles. Total, 27 H miles.
(FTOFFICERS.— Pres., F. B. Street, New York; V .-P . & Gen. Mgr., F. S.
Grange; Sec., Richard Houle; T rcas., J. H. P ea b ody.— V. 83, p. 154
V 84, p. 101, 626.
_______
_
CANTON, MASS.
BLUE H IL L STREET R Y .— A trolley road.
O R G A N IZ A T IO N .— Franchise perpetual.
STOCK A N D BON DS—
Date.
Interest.
Outstanding.
MaturUu.
fK f
iS o i
S V a -0
’ I m .OOO O c Y 'f 1923
g o l d . - - - - . - - . - - - - - - _____ /In terest at City Trust C o.. Boston, Trustee.
•
‘Current liabilities” Sept. 30 1 9 0 8 .. - - - — - - - - - - . 108,378 - - - - - ..........
Bonds subject to call as a whole at 115 and Interest on any Interest day.
E A R N IN G S.— For 12 mos. ending D ec. 31 1908, gross, $95,567; net,
$22,895; charges. $26,360; deficit, $3,465.
R O A D .— Operates 19.6 miles ot track from Mattapan, where connection
Is made with the Boston Elevated R y ., to Canton and Stoughton, at which
latter point It connects with the Bristol & N orfolk St. R y . and the Old
Colony Street R y . 43 cars.
O F F IC E R S .— Pres., C. H . French; V .-P ., F. S. Pratt; 2d V .-P ., E. J. B .
H untoon; Trcas., Henry B. Sawyer; Gen. Mgrs., Stone & W ebster, Boston.
— V . 78, p. 1906.
________
CAPE MAY, N. J.
CAPE M AY D E LA W A R E B AY & SEW ELL’ S POINT R A IL R O A D .—
An electric and steam road.
O R G A N IZ A T IO N .— Organized under the general railroad laws of New
Jersey on Jan. 19 1893 b y consolidation o f the Delaware Bay & Cape May
R R . (owner o f the Cape May & Sewell's P oint R R .) and the Cape M ay &
Schellenger’s Landing R R . Uses electric power for passenger service and
steam power for freight. In 1901 control passed to the Reading Company.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
MaturityStock paid In (par $50).................................................
$150,000 .....................
First m ort. ($ 1 5 0 ,0 0 0 ).. . c u r . 1893 5
F-A
150,000 Feb. 1,1023.
Other debts Jan. 31 1909......... ..........
..................
324,596
In 1894 and 1895 but one Interest paym ent was m ade, by mutual consent
o f bondholders. Interest was reduced to 5 % for 5 years from Feb. 1 1896,
and remains at 5 % . Trustee Is N . J. Trust and S. D . C o., Camden, N . J.
R O A D .— Operates 6.84 miles of track extending to Cape May Point and
Sewell’s Point, along the beach front through city of Cape May.
E A R N IN G S .— For year ending Dec. 31 1908, gross, $20,031; expenses,
$37,031; deficit from operation, $17,000; taxes and Interest, $0,926; better
ments, $743; total deficit, $27,669.
O F F IC E R S .— Pres., Geo. F. Baer, Philadelphia; V .-P ., Theodore V oorliees. Philadelphia; Sec., W . R . Taylor, Philadelphia; T rcas., Harry E.
Paisley. Philadelphia; C om p., Geo. Ziegler, Philadelphia; S upt., A . G. McCausland, Cam den.— V . 72, p. 532.
CEDAR RAPIDS, IOWA.
CEDAR R A P ID S -IO W A CITY R A IL W A Y & LIGHT CO.
O R G A N IZ A T IO N .— Incorporated In Iowa In June. 1903, and acquired
all the property and franchises of the Cedar Rapids Electric Light & Power
C o., the same being free from bonded debt. Has long-term franchises In
the cities and owns private right o f way 100 feet In width between them .
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
Common $1,700,000....................................................... $1,700,000 .......................
Pref. 5 % n. c. $300,000 .................................................
300,000 Ju i’09 2 H %
First m ortgage $2,000,000,1 1903
5 g
J-D
1,188,000 June 1, 1923
gold ($1,000)__________ c*{ Illinois Tr. & Sav. B k., Chicago, co-trustee.
I Int. at Harris T r. & Sav. B k., Chicago.
Bonds.— So far $1,225,000 bonds have been Issued, but $37,000 have
been retired by sinking fund; additional bonds m ay be Issued for not e x
ceeding 75% of cost of permanent additions, extensions or other rail
way, lighting or power com panies, when net earnings for year preceding
shall have been twice Interest charge on bonds outstanding and to be Issued.
A sinking fund began April 1 1908 and bonds are subject to call on or after
June 1 1913 at 1 0 7 ^ and Interest. See V . 77, p. 2279.
Dividends.— In 1908 (on p ref.), 5 % ; In 1909, Jan., 2 M% ; June, 2 M % '
E A R N IN G S .— F or year ending July 31 1909, gross, $322,794; net, after
taxes, $132,360; interest, $59,400; surplus, $72,960. For year ending
July 31 1908, gross, $302,517; net, after taxes, $109,129.
R O A D .— Operates 28 miles of track between Cedar Rapids and Iowa
City. Stapdard gauge; 70-lb. T rails.
O F FIC E R S .— P res., W m . G. Dows; V .-P ., J. II. Smith; Sec. and
T reas., Isaac B . Sm ith.— V . 77, p. 2279; V . 79, p . 211.
CED AR R A P ID S & MARION CITY R Y .
O R G A N IZ A T IO N .— Franchise expires In 1941.
STOCK & B ON DS— Miles. Date Interest.
Outstanding.
Maturity.
$445,000 ....................
Stock $550,000 ($100)......................................... - - First mortgage $250,0001 15.65 1891
5 J-J
205,000 July l 1931
$1,000c
/Interest at American Trust C o., Boston. Trustee.
E A R N IN G S .— F or calendar year 1908, gross, $185,029; net, $53,285. In
1907, gross, $170,904; net. $50,441.
R O A D .— Owns road In operation 15.65 miles In length, extending from
Cedar Rapids. Iowa, to Marlon: second track, 2.28; sidings, 2.35; total of
all, 20.28 miles. Ralls, 45, 60 and 80-lb. T .
O F F IC E R S .— Pres., P. E. Hall; Treas., John S. Ely; V .-P . and S ec.,
H enry V . Ferguson; Supt., F. L. DIserens.
CHAMBERSBURG, PA.
CHAM BERSBURG GREENCASTLE & W AYNESBORO STREET R Y .—
A trolley road.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on June 17 1901; also
owns a turnpike road, 43 miles, capital. $100,000, and an electrlc-llght
plant, capital, $30,000.
In 1908 old stock was canceled and new stock Issued to the am ount o f
$600,000 ($300,000 pref. and $300,000 co m .); also authorized $300,000
2d mtge. bonds to provide funds to com plete extension to Chambersburg.
V . 85, p. 1338.
STOCK A N D BONDS—
Date.
Interest. . Outstanding. Maturity.
Comm on $300,000 ..........................................................
$250,000 .....................
Preferred $300,000 ................ - .......................................
250,000 .....................
5 g J-J
300,000 July 119 3 3
First mortgage $300,000 gold ) 1903
($100 and $500)............... c * (In te rc sta t Chambersburg Trust C o., Trustee.
Second mortgage $300,0001 1907
5 g A-O
300,000
Oct 1 1937
($100 and $500) gold ------ c * /I n t. at Chambersburg Trust C o ., Trustee.
Bonds.— First m tge. bonds have no sinking fund and bonds are not
su b ject to call. 2d mtge. bonds arc subject to call on any Int. period In or
after 1912 at 105. No sinking fund.
E A R N IN G S .— F or year ending June 30 1909, gross, $76,205; n e t
$33,310; fixed charges, $37,161; deficit, $3,851.
R O A D .— Operates 27 miles o f track between Chambersburg, Greencastle
and Penn Mar. Gauge, 5 ft. 2 H in. 70-lb. T and 80-lb. girder rail. An
extension ot 3 miles Is nearly com pleted.
O F F IC E R S .— P res., Geo. B. Beaver, W aynesboro: V .-P ., R . W . R a m
say, Chambersburg; S ec., H . B . M cNulty, Chambersburg; Treas , W . B.
S tottlem eyer, W aynesboro; Gen. M gr., R . D . Sefton, W aynesboro.— V . 85,
p. 1338.
CH AM BERSBU RG & GETTYSBURG ELECTRIC R Y .
O R G A N IZ A T IO N .— Incorporated In Pennsylvania D ec. 4 1900.
STOCK A N D B ON DS—
Date. Interest. Outstanding.
MaturUy.
Stock $225,000 ($50) . . . ...............................................
$225,000 ....................
1st m tge. $225,000 ($1,000)/ 1903
5 M-N
225,000 May 1 1933
not red, no sinking fu n d .c*\ In t. at N ortham pton T r .C o ., Easton, trustee.
EA R N IN G S .— For year ending D ec. 31 1908, gross, $39,290; deficit from
operations, $5,241.
R O A D .— Operates 13.25 miles of track between Chambersburg, Stouferstown, Fayetteville, Greenwood and Mt. U nion. 60 to 80-lb. T and
girder rail. Gauge 5 ft. 2 H In.
O F F IC E R S .— Pres., M. C. Kennedy; Sec. and Treas., W . L. R itch ey;
A u d ., C. M. Davidson; Supt., D . B. Fretz.
CHARLESTON, S. 0.
CHARLESTON CONSOLIDATED R Y ., GAS & ELECTRIC CO.
O R G A N IZ A T IO N .— Organized Feb. 21 1899 as a consolidation o f the
Charleston C ity R y . and Charleston & Seashore R R . under Special A ct o f
South Carolina Legislature, granting a perpetual charter and gas and electric
light powers.
Franchises are perpetual. Also owns the capital stock o f the Charleston
Gas Light Co. ($698,150) and the Charleston-Edison Light & Power C o.
($100,000), and thus controls the whole field o f light and transportation In
Charleston. In April 1899 bought the stock o f the Mount Pleasant &
Sullivan’s Island Ferry Co. and the franchise o f the M iddle Street & Sulll
van’s Island R y.
STOCK A N D BON DS.
Date.
Interest. Outstanding.
Maturity.
S tock, $1,500,000 (par $ 5 0 ) . . . ____
J-J
$1,500,000 J u ly ’09, 1 H
Charleston City first m ortgage) 1898
5 g J-J
773,000 Jan 1 1923
$1,000) $850,000 go ld ------ c lT a x fr e e . Int. at Merc. Tr. & S . D. C o., Balt
Consol mtge gold $2,500,000) 1899
5 g M-S
1,727,000 Mch 1 1999
coupon ($ 1 ,0 0 0 )..... .......... */In terest at Balt Tr. & Guar C o.. Trust.
Holders can also collect coupons at Carolina Savings Bank, Charleston,
If presented before the 10th of the m onth.
Bonds.— O f the consolidated 5s, $850,000 were reserved to retire the
$850,000 City R y . first 5s, o f which $77,000 canceled under sinking fund
and consols Issued to com pany In substitution.
Sinking Fund.— After 6 % dividend has been declared on stock , a sinking
fund ot $10,000 per annum becom es operative on consols.
Dividends.— First dividend o f H % paid July 1 1903; In 1904, 1 % ; In
1 9 0 5 ,1 M % : In 1906, 2 M % : In 1907,2 H % ; In 1 9 0 8 ,3 % ; In 1909, J a n .,i H % ;
July,?1 H % •
E A R N IN G S.— For fiscal years ending F eb. 28-29:
Year—
Gross.
Net.
Fixed Charges. Surplus
1909...................
$756,327
$266,815
$165,800
$101,015
727,661
260,579
162.006
98,573
1 9 0 8 .. ...........
1907............................................ 654 391
239,946
157,100
82,846
1906.................................
614,063
242,355
157.041
85,313
R O A D . & c.— Owns 40 miles o f electric road, o f which 30 miles In Charles
ton and 10 miles from Mt. Pleasant (connecting b y ferry with Charleston)
to Sullivan’s Island and Isle of Palms, a pleasure resort on the A tla n tic
coast, Including land at Isle o f Palms, ferry, &c. The com pany has co n
solidated all o f its three power stations; both railway systems and light and
power division are being operated from same stations; the seashore division
Is connected b y submarine cable.
O F F IC E R S .— Pres., Philip H. Gadsden, Sec. and A u d., Chas. J. B endt,
both o f Charleston; Cashier, W . B . Glenn. Offices, N o. 141 Meeting S t.,
Charleston.— V . 88, p. 504._______ _ _ _ _ _______
CHARLOTTE, N. C.
CH ARLOTTE ELECTRIC R Y ., LIGHT & POW ER CO.— A trolley ro a d .
O R G A N IZ A T IO N .— Is a consolidation In Jan. 1896 o f all the electric
lighting and street railway Interests o f Charlotte. Has since merged the
Charlotte Gas Light Co. Also controls the DUworth W ater Co. Franchise
Is said to be perpetual and exclusive until Jan. 26 1913. Stock Is all ow ned
by the Charlotte Consolidated Construction Co.
STOCK A N D BON DS.
Date.
Interest. Outs andlng.
Maturity.
Stock (par $50................................. ................................
$200,000 -----------------First m ortgage $500,000 gold ) 1899
5 g J-J
364,000 July 1 1929
($1,000) sinking fund___c * (I n t . at Merc. T r. & Dep. C o., B alt., Trustee.
5 A -0
$339,000 April 1 1936
R efund & ext mortgage $2,-1 1906
000,000 gold ($1,000)___c * /I n t .a t Mercantile Tr. & Dep. C o., B alt., trus.
Bonds.— On the first m ortgage bonds a sinking fund Is provided, op erative
July 1 1900 o f 1 % o f bonds outstanding, to be Invested In bonds drawn b y
lot at 107 H and Interest, If not obtainable at lower figure In open m arket.
Of the ref. and ext. mtge bonds, $380,000 are to retire prior liens, $1,270,000
fo r additions and Improvements under carefully guarded restrictions.
Sinking fund operative April 1907 of 1% of bonds issued, for purchase of
bonds at 107
and Int., If obtainable; otherwise, such investments as trustee
deems proper. V . 88, p. 1252. $11,000 have been retired.
R O A D .— Operates 18 miles o f track and 46 cars.
E A R N IN G S .— For 12 months ending Dec. 31 1908, gross. $242,472;
net, $111,453; Interest, $35,550; surplus, $75,903. In 1907, gross, $217,988
net, $97,492; Interest, $35,950: surplus, $61,542.
O F F IC E R S .— Pres, and Treas., E. D . Latta; V .-P s .. E. B. Springs and
E . D . Latta Jr.; S ec., J. L. Chambers.— V . 66, p. 384; V . 83, p. 890;
V. 88. p. 1252.
____________
CHATTANOOGA, TENN.
CHATTANOOGA R A IL W A Y & LIGHT CO.
T ,
O R G A N IZ A T IO N .— Incorporated In Tennessee on July 24 1909 as a
consolidation of the Chattanooga Railways Co. and Chattanooga Electric
Co. per plan V . 88, p. 1497. V . 89, p. 285. Owns entire capital stock of
L ookout Mountain R y. Does street railway and electric lighting business
In Chattanooga and suburbs. Street railway franchises perpetual.
STOCK A N D B ON DS—
Date.
Interest. Outstanding.
MaturUy.
Common $3,000 000 ($100)..........................................$3,000,000 ---------- --------Pref $2,000,000 5% c u m ($ 1 0 0 )...................... ..........
2,000,000 Oct'09.1 K %
First and refunding m ortgage) 1909
5 g M-N
1,600,000 May 1 1956
$15,000,000 g ($ 1 ,0 0 0 ).-c* (F idelity Trust C o., Philadelphia. Trustee.
Chatt R ys 1st cons mtge $3,-1 1906 5 g M-N
2,165,000 May 1 1956
000,000 ($500&$1,000) g .c * /ln t . at Trust Co. of N or. A m er., Phlla.,Trust.
Chatt Elec R y 1st M $625,000) 1898
5 g J-J
625,000 Jan 1 1919
g n o ts u b j to call ($ l,0 0 0 )c * /ln t. at Maryland Trust C o., B alt., Trustee.
Bonds.— Of the $3,000,000 Chattanooga R ys. bonds, $625,000 are reserved
to retire prior Hens; the remainder are for extensions and improvements at
85% of cost. Callable any Interest date at 107 and Interest on 3 m onths’
notice. Of the first and refunding bonds, $2,790,000 are reserved for prior
liens, and $10,610,000 for extensions, betterm ents and permanent Improve
ments at 8 5% of cost. T hey have no sinking fund, but are subject to call
at 105 and Interest on any Interest date after N ov. 1 1916. Interest Is
payable In New York or Philadelphia. V . 89, p. 846.
Dividends.— Initial d lv.— 1 X % — paid on pref. O ct., 1909.
E A R N IN G S.— For (com bined companies) 12 months ending June 30
1909; gross, $858,963; oper. exp . and taxes, $580,496; net, $278,467;
Int. on R y . b onds., $139,500; surplus, $138,967.
T reas., G. L. Estabrook: Mgr., W . E . Bolleau.— V . 89. p. 285, 846.
R O A D .— Owns 54 miles of track. Including second track and sidings.
Gauge 4 ft. 8 yi In. T and girder rails.
O F F IC E R S .— Pres., C. M. Clark; V .-P ., M. S. H opkins; Sec. and
Treas., G . L. Estabrook; Mgr., W . E. Bolleau. V . 89, p. 285.
(a)L ookout Alountain R y .—
O R G A N IZ A T IO N .— Owns and controls the L ookout Incline Co. and the
L ookout Incline & Lula Lake R y . and the entire stock and bonds o f those
com panies Is deposited under Its new m ortgage. Stock all owned b y the
Chattanooga Railway & Light Co.
STOCK A N D BONDS.
Date.
Interest. Outstanding.
Maturity.
$300,000 .......................
Stock ($ 300,000)................................................... ..
First
m ortgage ($500,000)) 1906
5 g
See text May 1 1956
gold .......................................... /T ru st Co. o f North A m erica, P hlla., Trustee.
Bonds.— $50,000 has been authorized to be Issued. None Issued yet.
E A R N IN G S .— Included in Chattanooga Rys. Co. earnings.
R O A D .— Operates a cable road o f 5,000 feet, and has 5 miles o f electric
road on top o f mountain.
O F F IC E R S .— Pres., John Graham; Sec. and Treas., J. C .L lgh tfoot Jr.
Supt., W m . A. Rollins. O ffice. Drexel B ldg.. Phlla., P a .— V . 83, p. 323:
V. 87. p. 226.
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e le c t r ic (see M a p on
page 22).
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n In A p r il 1 0 0 8 o f t h e A u r o r a E lg in
& C h ic a g o R a ilw a y , t h e E lg in A u r o r a & S o u t h e r n T r a c t io n C o . a n d th e
C o o k C o u n ty & S o u t h e r n R R .
V . 8 2 . p . 2 7 0 , 6 9 1 , 1 1 5 5 . C h a r te r e d In
I llin o is u n d e r la w a p p ly in g to s t e a m r a ilr o a d s .
P r e s ., L . J . W o lf In a le t t e r
d a t e d M a y 2 0 190 0 (V . 8 8 , p 1 0 1 8 ) s t a t e d t h a t s y s t e m Is "In t h e m a in o n
r lv a t o r ig h t o f w a y o r p r o t e c t e d b y 5 0 - y e a r franchise!) o r g r a n ts w it h o u t
m lt ."
D o e s f r e ig h t a s w e ll a s p a s s e n g e r b u s in e s s . V . 8 3 , p . 4 9 0 .
H as
e x c lu s i v e c o n t r a c t w it h M e t. W e s t S id e K ie v , to o p e r a te o v e r Its t r a c k s .
STO C K A N D P O N D S —
D a te.
In te re st. O u tst’d 'g . D iv .& d u e date
C o m m o n $ 3 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
Q -J
$ 3 ,1 0 0 ,0 0 0 O c t 9 ’01) % %
Q -.I
3 , 1 0 0 ,0 0 0
O c t '0 9 1 'A
P r e f $ 3 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) 6 % c u m ____
5 g J -J
1 ,3 0 0 ,0 0 0
J u ly 1 1 9 4 0
F ir s t a n d r e fu n d in g m o r t g a g e ! 1 9 0 6
$ 2 5 ,0 0 0 ,0 0 0 g o ld ( $ 1 , 0 0 0 ) . ( I n t . a t C It. S a v . & T r . C o ., C le v e ., a n d a ls o
c * & r * ------------------------------ In N . Y . T r u s t e e , N o r t h . T r . C o ., C h ic .
A E & C R y fir st m o r t g a g e ) 1901 5 g A -O 15 3 ,0 0 0 ,0 0 0
A p r 15 1941
$ 3 ,0 0 0 ,0 0 0
($ 1 ,0 0 0 ) g o ld ) A m e r . T r . & S a v . D a n k , C h ic a g o , T r u s te e .
c a n n o t b e c a ll e d ...... ................J I n t e r e s t p a y a b le In C h ic a g o a n d N e w Y o r k .
5 g J -D
2 ,0 0 0 ,0 0 0
J u n e 1 19 1 6
E lg in A u ro r a & S o u t h e r n llr s tl 1001
m t g e . $ 2 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) i l n t a t A m c r . T r . & S a v . H a n k , C h ic a g o ,
g o ld s in k in g f u n d _______ c*J
T r u s t e e , a n d F ir s t N a t . 13k., N . Y C ity
S foefc.— P r e fe r r e d s t o c k w a s 5 % c u m u la t iv e u n t il A p r il 1 1 9 0 9 ; th e r e a f t e i
6 % c u m u la t iv e .
B o n d s . — O f t h e $ 2 5 ,0 0 0 ,0 0 0 n e w b o n d s , $ 5 ,0 0 0 ,0 0 0 a r e r e s e r v e d fo r p r io r
lio n s a n d t h e b a la n c e fo r I m p r o v e m e n t s , e x t e n s io n s a n d s e lf -s u p p o r tin g
a c q u is it io n s u n d e r r ig id r e s t r ic t io n s . T h e y a r e s u b j e c t t o c a ll o n o r b e fo r e
J u l y 1 1911 a t 102 'A a n d I n t ., b u t n o t t h e r e a f t e r .
S ee V . 8 8 , p . 1018.
On
t h e A u r o r a E lg in & C h ic a g o R y . a s in k in g fu n d o f $ 5 0 ,0 0 0 p e r a n n u m c o m
m e n c e s o n A p r il 15 1 9 1 1 . S e e V . 7 4 , p . 7 2 0 . O n t h e E lg in A u r o r a ’* S o u t h ’n
b o n d s a s in k in g fu n d Is $ 1 7 ,0 0 0 p e r a n n u m fir st 5 y e a r s a n d $ 2 5 ,0 0 0 a n n u a lly
t h e r e a fte r ; $ 1 0 5 ,0 0 0 h a v e b e e n p u r c h a s e d a n d a r e n o w h e ld In s in k in g fu n d .
D iv id e n d s . — F ir s t d iv id e n d o n p r e fe r r e d — 1 14% — p a id J u ly 19 0 6 (V . 8 2 ,
1>. 1 4 3 6 ) , a n d t h e s a m e a m o u n t q u a r t e r ly s in c e t h e n u p to a n d In c lu d in g
A p ril 1909; J u l y , 1 A % ; O c t ., \ \A % .
O n c o m m o n , fir st d iv id e n d — % % —
O ct. 7 1 9 07.
I n 1 9 0 8 , 3 % . I n 1 9 0 9 , J a n ., J*% ; A p r il, ,%%; J u l y , ?4%;
O c t ., M % .
R E P O R T .— F o r fisc a l y e a r s e n d in g J u n e 3 0 :
Y ear—
G ross.
N et.
F ire d C h a rg e s.
.S u r p lu s .
1 9 0 9 . ...................................... $ 1 ,4 5 8 ,9 9 8
$ 6 0 2 ,8 7 1
$ 3 3 7 ,7 7 6
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1 .3 4 0 ,2 4 4
0 1 2 .0 0 8
3 1 9 ,8 0 7
2 9 2 ,8 6 1
R O A D .— O p e r a te s fro m F ift h A v e n u e s t a t io n In th e C ity o f C h ic a g o , o v e r
t r a c k s o f t h e M e tr o p o lita n W e s t S id e E le v a te d ro a d ; th e n c e o n Its o w n lin e
t o W h e a t o n , w it h lin e s fro m W h e a to n to E lg in , B a t a v ia a n d A u rora: a lso
fro m E lg in t o C a r p e n t e r -v llle , D u n d e e , S t . C h a r le s , G e n e v a , Y o r k v llle a n d
B r is to l. T o t a l s in g le tr a c k , 155 m ile s . T h ir d r a il, s ta n d a r d T , 100 lb s .;
tr a c k r a ils , 80 lb s .
O F F I C E R S .— P r e s ., L. J. W o lf, C le v e la n d ; V .- P ., M. J . M a n d c lb a u m : S e c .
a n d T r e a s ., II. C . L a n g , C le v e la n d ; A s s t . T r e a s ., A . E . F e ih l; A n d .. O. E .
F le n n e r : G en . M gr., E d w in C. F a b e r , W h e a t o n , 111.
E x e c u t iv e o f fic e s .
G a rfield B l d g ., C le v e la n d , O h io .— V . 8 5 , p . 7 2 1 ; V . 8 7 , p . 1 5 3 1 ; V . 8 8 , p . 101 8
B
CALUMET & SOUTH CHICAGO RY.— Electric.
S a m e Interests control Hammond Whiting & East Chicago Electric R y .
O R G A N I Z A T I O N . Is ft c. n s d ld fttlo n fo r m e d In 1 9 0 8 o f t h e C a lu m e t
E le c tr ic S t r e e t R y . a n d S o u t h C h ic a g o C it y R y . In a c c o r d a n c e w i t h th e
t e r m s o f o r d in a n c e p a s s e d b y t h e C ity C o u n c il M a rch 30 1 9 0 8 .
L in e s
a r e lo c a t e d In t h e s o u t h d iv is io n o f t h e c it y o f C h ic a g o . T h e o r d in a n c e
g r a n t s fra n ch ise s u n t il F e b . 1 1 9 2 7 a n d p r o v id e s t h a t t h e c i t y Is to r e c e iv e
5 5 % o f n e t r e c e ip ts a f te r a ll w in g fo r o p e r a t in g e x p e n s e s , t a x e s a n d d e p r e
c ia t io n a n d 5% o n p r e s e n t v a lu e , t o g e t h e r w it h a m o u n t s e x p e n d e d fo r Im
p r o v e m e n t s a n d e x t e n s io n s . T h e c o m p a n y o n Its p a r t a g r e e s t o r e h a b ilita t e
Its p r o p e r ty c o m p le t e ly a n d
m a k e c e r t a in I m p r o v e m e n t s a n d b u ild
c o n s id e r a b le n e w m ile a g e .
I n t e r c h a n g e o f tr a n sfe r s w it h C h ic a g o C ity
R y . b y e s ta b lis h in g fo u r tr a n sfe r z o n e s Is p r o v id e d , b u t In th r e e o f t h e s e
z o n e s fr e e t r a n s fe r s c a n n o t b e c o m p e lle d u n le s s n e t e a r n in g s fo r p r e c e d in g
y e a r w e r e e q u a l to 5% o n t h e i n v e s t m e n t a n d t h e c o m p a n y ’s s h a r e o f th e
n e t e a r n in g s a m o u n t s to 1 J4 % a d d it io n a l. C it y m a y p u r c h a s e p r o p e r ty
o n F e b . 1 o r A u g . 1 o f a n y y e a r u p o n s ix m o n t h s ’ n o t ic e , fo r p r e s e n t v a lu e
w h ic h Is fix e d a t $ 5 ,0 0 0 ,0 0 0 p lu s a m o u n t e x p e n d e d fo r I m p r o v e m e n ts
a d d it io n s a n d e x t e n s io n s , b u t o n ly fo r m u n ic ip a l o p e r a tio n , w h e r e p u r c h a s e
Is m a d e p r io r t o F e b . 1 1 9 2 7 .
W ith a n a d d it io n o f 2 0 % In p r ic e , c it y m a y
a ls o p u r c h a s e fo r t h e p u r p o s e o f tu r n in g p r o p e r ty o v e r t o o t h e r p a r t ie s (If
p u r c h a s e d fo r C h ic a g o C it y R y . o n l y 12% a d d it io n a l n e e d b e p a id ) , b u t
t h is a d d it io n a l s u m n e e d n o t b e p a id w h e r e t h e s e o t h e r p a r tie s a g r e e t o p a y
o v e r to t h e c it y a ll o f t h e p r o fits a b o v e 5% o n t h e p u r c h a s e p r ic e . V . 8 0 ,
p. 1223.
O perating A greem ent w ith Chicago C ity R a ilw a y C o .— O n J u n e 29 1 9 0 8 C h i
c a g o C ity C o u n c il a p p r o v e d a g r e e m e n t b y w h ic h C h ic a g o C it y R y . a g r e e s to
o p e r a te C a lu m e t & S o u t h C h ic a g o R y . C o .’s s tr e e t r a ilw a y s y s t e m , a n d to
p la c e In o p e r a tio n t h e z o n e s y s t e m o f t r a n s fe r s , a s d e s c r ib e d a b o v e .
The
f a tt e r c o m p a n y a g r e e s t o p a y a c tu a l c o s t o f t h is o p e r a tio n , a n d J o in t c o s ts
a r e t o b e p a id b y b o t h c o m p a n ie s In p r o p o r tio n to g r o s s r e c e ip t s o f e a c h ,
w it h c e r t a in c x c im tlo n s .
In a d d it io n , C a lu m e t & S o u t h C h ic a g o R y .
w ill p a y C h ic a g o C ity R y . X o f t h e a c tu a l s a v in g In o p e r . e x p . r e s u ltin g
fr o m J o in t o p e r a tio n , s u c h s a v in g t o b e d e t e r m in e d b y a b o a r d o f e n g in e e r s .
S ee V . 87 , p. 224.
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
............
S < c k $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...... .........................................$ 5 ,0 0 0 ,0 0 0
F ir s t m o r tg a g e r e h a b ilita t io n 1 1908
5 g F -A
1 ,5 0 0 .0 0 0 F e b 1 1 9 2 8
($ 1 ,0 0 0 ) g o ld . N o s l n k f d c * ' I n t . a t F ir s t T r u s t & S a v . 111;., C h ic ., T r u s te e
2d m o r tg a g e c o n s o lid a t e d $ 5 , - \ 1908
5 g F -A
5 ,0 0 0 0 0 0 F e b 1 1928
0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d — c* J I n t . a t F ir s t T r . A S a v . B k ., C h ic ., T r u s t e e .
B o n d s .— T h e Issu e o f 1 st m tg e . b o n d s Is I n d e t e r m in a te , a m o u n t t o be
lim it e d t o a m o u n t o f n e w w o r k d o n e o n p r o p e r ty . T h e y a re s u b j e c t to
c a ll a t a n y In t. d a t e a t 1 0 5 . T h e c o n s o l, m tg e . b o n d s arc s u b j e c t to ca ll at
1 0 3 . T h e y w e r e Issu ed to t a k e u p a ll p r io r lie n s .
N e ith e r Issu e o f b o n d s
h a s a s in k in g f u n d .
E A R N I N G S .— F o r y e a r e n d in g J a n . 31 1 9 0 9 , g r o s s , $ 8 3 9 ,2 9 0 : n e t ,
$ 2 6 0 ,3 8 6 ; t a x e s , $ 8 ,5 9 7 ; I n te r e s t r e tu r n o n I n v e s t m e n t , $ 2 5 4 ,0 3 8 ; d e f ic it
d u e t h e c o m p a n y fr o m n e t o f s u c c e e d in g y e a r , $ 2 ,2 4 9 .
R O A D .— O p e r a te s a b o u t 1 1 4 m ile s o f t r a c k r e a c h in g S u th C h ic a g o ,
P u llm a n , W e s t P u llm a n , A u b u r n P a r k , B u r n s id e a n d M a n h a tta n B e a c h .
A ls o e x t e n d s fn m J a c k s o n P a r k to 1 0 6 th S t r e e t a n d t h e I n d ia n a S t a t e lin e
a lo n g t h e L a k e s h o r e a n d b o t h s id e s o f t h e C a lu m e t R i v e r . 7 0 , 7 5 , 8 3 a n d
85 lb . rails
O F F I C E R S .— P r e s ., G le n E . P lu m b ; V . - P ., D . M . C u m m in g s; S e c . a n d
T r e a s ., O . S . G a i t h e r — V . 8 7 , p . 2 2 4 , 2 8 5 ; V . 8 8 , p . 3 7 4 .
CHICAGO CITY RAILWAY.— An electric road.
c o m p a n ie s a r c r e q u ir e d t o s e t a s id e 6% o f t h e g r o s s r e c e ip t s fo r m a in t e n a n c e
a n d r e p a ir s a n d a n a d d it io n a l 8 % o f t h e g r o s s r e c e ip t s to c o v e r r e n e w a ls
a n d d e p r e c ia t io n . W h a t e v e r p o r t io n o f t h e t w o fu n d s is n o t u s e d , r e m a in s
In t h e f u n d s a n d p a s s e s to t h e c i t y o r Its lic e n s e e u p o n p u r c h a s e .
B u t if
th e tw o f u n d s a r e n o t s u f f ic ie n t fo r t h e p u r p o s e s n a m e d , t h e c o m p a n ie s
a r e o b lig a t e d t o s u p p ly a d d it io n a l f u n d s .
F r e e t r a n s fe r s a r e re q u ire d o v e r a ll c o n n e c t in g lin e s w it h in t h e c it y lim it s
c o v e r e d b y t h e C h ic a g o R a il w a y s C o ., t h e C h ic a g o C ity R y . , t h e C h icagoC o n so lid a te d s y s t e m a n d t h e C h ic a g o G en er a l R y . , p r o v id e d t h e p a s s e n g e r
h a s p a id a f lv e - c e n t fa re a n d is t r a v e lin g in a n y o n e g e n e r a l d i r e c t io n .
C e r ta in e x t e n s i o n s a r e p r o v id e d , a n d t h e C h ic a g o C ity C o . a g r e e s t o c o n si r u c t In a d d it io n t h e e q u iv a le n t o f 8 m ile s o f s in g le t r a c k a n d t h e C h ic a g o
R a ilw a y s s y s t e m t h e e q u iv a le n t o f 12 m ile s o f s in g le t r a c k , in e a c h y e a r
a f te r t h e t h ir d y e a r . T h e c o m p a n ie s a lso a g r e e , u p o n d e m a n d o f t h e c i t y ,
to fu r n is h f u n d s n o t e x c e e d in g $ 5 ,0 0 0 ,0 0 0 in t h e a g g r e g a te fo r t h e c o n s tr u c t lo n o f a c e n tr a l d o w n -t o w n s u b w a y t o b e b u ilt a n d o w n e d b y t h e c it y ,
t w o - fif th s o f t h e c o s t to b e b o r n e b y t h e C h ic a g o C ity R y . a n d t h r e e - f if th s
b y t h e C h ic a g o R a i lw a y s .
S e c tio n 2 5 o f C h ic a g o C ity R y . o r d in a n c e f ix e s
th e c a p ita l I n v e s tm e n t l im it a t io n o f t h e c o m p a n y a s fo llo w s : " T h e c o m
p a n y s h a ll n o t b e r e q u ir e d o n a c c o u n t o f a n y e x t e n s io n s o r s u b w a y s o r o n
a c c o u n t o f u n d e r g r o u n d t r o lle y s , o r o n a c c o u n t o f a n y e x t e n s io n s o f Its
s tr e e t r a ilw a y s , o t h e r t h a n t h e e x t e n s i o n p r o v id e d fo r In e x h i b it “ A ," a n d
In S e c tio n 3 6 o f t h is o r d in a n c e , a n d fo u r (4) m ile s o f d o u b le o r e ig h t (8)
m ile s o f s in g le tr a c k p e r a n n u m , a s In S e c tio n 3 h e r e o f p r o v id e d , t o in c r e a s e
its t o t a l c a p ita l I n v e s tm e n t t o s u c h a n e x t e n t t h a t t h e r e tu r n th e r e o n o v e r
a n d a b o v e t h e I n te r e s t c h a r g e o f 5% th e r e o n b y t h is o r d in a n c e a u t h o r iz e d
w o u ld b e r e d u c e d to a n I n a d e q u a te o r u n r e a s o n a b ly s m a ll a m o u n t .”
T h e fr a n c h is e s g r a n te d b y t h e o r d in a n c e s ru n u n t il F e b . 1 1 9 2 7 . T h e
c it y r e se r v e s t h e r ig h t a t a n y t im e t o c o m m u t e a s u m n o t e x c e e d in g t h e
c it y s s h a r e o f t h e n e t r e c e ip ts fo r t h e p r e v io u s y e a r In to a r e d u c tio n o f t h e
r a te s o f fa re
A fte r o n e y e a r e a r s m a y n o lo n g e r b e r u n in t r a in s , b u t
m u s t b e o p e r a te d s in g ly .
I t w a s s t a t e d S e p t . 19 0 9 t h a t p r a c tic a lly t h e e n t ir e w o r k o f r e h a b ilita t io n
o f t h e C h ic a g o C ity R y . h a d b e e n c o m p le t e d .
V . 87, p. 677, 1419.
For
I n d ic a tio n a s to w o r k n e c e s s a r y a n d m o n e y t o b e e x p e n d e d , s e e V . 8 5 , p . 5 2 9 .
C a lu m et & S o u th C hicago O perated. — U n d e r a n o p e r a tin g a g r e e m e n t e n
t e r e d In to In 1 9 0 8 , o p e r a te s t h e C a lu m e t & S o u t h C h ic a g o R y . a n d w ill a ls o
d ir e c t t h e w o r k o f Its r e h a b ilita t io n .
S o u th e rn S t. R y . O perated. — U n d e r o r d in a n c e w h ic h w e n t In to fo r c e
A p r il 1 1 9 0 9 , o p e r a te s t h e S o u t h e r n S t . R y . a n d w ill c a r r y o n w o r k o f t h e
r e h a b ilita t io n o f t h a t r o a d .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g . L a s tD lv .,& c .
S ee tex t
S t o c k , $ 1 9 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... T e x t Q -M 3 0 $ 1 8 ,0 0 0 ,0 0 0
F ir st m o r t . ( $ 1 ,0 0 0 ) , g o ld c & r f 1 9 0 7
5 g F -A
2 2 ,5 0 0 ,0 0 0 F e b 1 1 9 2 7
( F ir s t T r u s t & S a v . B k ., C h ic a g o , T r u s t e e .
B o n d s . — T h e r e Is n o lim it to t h e a m o u n t o f b o n d s t h a t m a y b e Issu ed
un ter t h e a b o v e m ir t g a g e .
B il ls c a n b e c a lle d a i 1 10 a n d u n e r e s t o n o r
b ef r e F e b . 1 1 9 1 2 , b u t n ^ t th e re a fter .
U n d e r t h e C h ic a g o c l t v o r d i n a n c e .
In c a s e o f p u r c h a s e t h e c i t y h a s t h e r ig h t t o r e d e e m b o n d s a t p a r b e f o r e
m a t u r it y .
V. 8 4 . p. 1488, 1550.
A lt o g e t h e r , $ 2 5 ,0 0 0 ,0 0 0 b o n d s h a v e
b e e n s o ld — o n l y $ 2 2 ,5 0 0 ,0 0 0 o u t S e p t . 1 9 0 9 .
D I V I D E N D S . — U s u a lly 1 2 % . w e r e In 1 8 9 3 2 4 % ; 1 8 9 4 - 1 9 0 0 , 1 2 % ; la
1 9 0 1 , 10 'A % : In 1 9 0 2 -0 0 , 9 % ; In 1 9 0 7 , 0 54% : In 1 9 0 8 . 8 54% ; In 1 9 0 9 e x t r a
d l v . o f 3% p a id F e b . 10; M c h .. 1 A % \ J u n e , 1 l % : S e p t ., 1 H % A
R O A D , & c.— C o m p a n y o w n s 2 5 2 .2 9 m ile s o f tr a c k , a ll n o w o p e r a t
ed b y e le c t r i c it y .
S y s t e m c o v e r s t h e S o u t h S id e o f C h ic a g o , e x t e n d in g
fro m t h e c e n tr e o f t h e b u s in e s s d is t r ic t s o u t h t o 7 9 t h S t r e e t a n d b e t w e e n
t h e S o u t h B r a n c h o f th e C h ic a g o R iv e r a n d t h e L a k e . C a rs r e q u ir e d b y
* r d ln a n c e J a n . 1 1 9 0 8 , 8 0 5 d o u b le - tr u c k c a r s, 2 5 1 s in g le - tr u c k ca rs; t o ta l
1 ,0 5 6 .
R E P O R T .— F o r 13 m o n th s e n d in g J a n . 31 1 9 0 9 , t h e e x t r a m o n th d u e
t o t h e e n d o f t h e fisc a l y e a r h a v in g b e e n c h a n g e d fr o m D e c . 31 t o J a n . 31»
In o r d e r to c o n fo r m w ith t h e c lo s e o f t h e o p e r a tin g y e a r e n d in g J a n . 3 1 .
a s p r e s c r ib e d b y t h e S e t t l e m e n t O r d in a n c e .
P a s s e n g e r r e c e ip t s ________ $ 8 ,9 7 9 ,7 3 5 I n c o m e fr o m o p e r a t i o n . .$ 2 ,1 9 4 , 2 7 6
R e c t s . fr o m o t h . s o u r c e s . .
2 1 6 ,0 4 7 O th e r In c o m e ( c o n tr a c t o r s ’
p r o fit, b r o k e r a g e , & c . ) .
6 5 5 ,2 0 6
T o t a l r e c e i p t s ___________ $ 9 ,1 9 5 ,7 8 2
O p er. e x p ., ta x e s , ren ew
T o t a l I n c o m e ___________ $ 2 ,8 4 9 ,4 8 2
a ls a n d I n t. o n c a p . l n v . 8 ,1 6 9 ,4 9 4 I n t e r e s t o n b o n d s __________
8 4 9 ,7 3 9
N e t e a r n in g s ____________ $ 1 ,0 2 6 ,2 8 8
N e t I n c o m e ______________ $ 1 ,9 9 9 ,7 4 3
C it y ’s p r o p o r t io n , 5 5 % ___ $ 5 6 4 ,4 5 8 D iv id e n d s fo r 12 m o s ., 9% 1 ,6 2 0 ,0 0 0
C o .’s p r o p o r t io n , 4 5 % . . $ 4 6 1 ,8 2 9
I n t . o n c a p ita l I n v e s tm ’t £ $ 1 ,7 3 2 ,4 4 6
S u r p lu s fo r 13 m o n t h s . . $ 3 7 9 ,7 4 3
x T h e " I n te r e s t o n c a p ita l I n v e s tm e n t ," $ 1 ,7 3 2 ,4 4 6 , Is t h a t c e r tifie d b y
b o a r d o f s u p e r v ls ln g e n g ln e e r s , a s p r o v id e d b y t h e o r d in a n c e o f F e b . 11 1 9 0 7 .
T r a ffic . — F a r e p a s s e n g e r s c a r r ie d fo r 13 m o n t h s $ 1 8 0 ,2 4 3 ,1 7 3 ; tr a n s fe r
p a s s e n g e r s 1 1 1 ,9 7 7 ,6 9 3 ; t o t a l 2 9 2 ,2 2 0 ,8 0 6 .
O F F I C E R S .— C h a irm a n E x . C o m ., J . A . S p o o r ; P r e s ., T . E . M itten ;
V . - P ., R . B . H a m ilt o n ; S e c . a n d T r e a s ., F . D . H o ffm a n n : A u d ., J . J . D u c k .
— V . 8 6 , p . 2 8 4 , 4 7 5 , 54 4 , 5 4 5 . 6 6 8 , 856; V . 8 7 . p . 6 7 7 , 1 0 1 0 , 1419; V . 8 8 ,
p. 2 3 0 , 2 9 3 , 7 4 8 . 8 1 9 .
CHICAGO & SOUTHERN TRACTION CO.—An electric road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 4 .
In J u ly 1 9 0 7 p u r c h a s e d t h e
C h ic a g o E le c tr ic T r a c tio n C o. (su c c e s s o r t o t h e E n g le w o o d & C h ic a g o E l e c
tr ic R y .) a t fo r e c lo su r e s a le .
O f t h e $ 5 ,0 0 0 ,0 0 0 b o n d s g iv e n b e lo w , $ 2 , 5 0 0 ,
0 0 0 w e r e u se d t o b u ild t h e ro a d fr o m H a r v e y t o K a n k a k e e , a n d t o p u r c h a s e
t h e C h ic . E le c t. T r a c . C o . r u n n in g fro m H a r v e y to C h ic a g o .
T h e r e m a in in g
$ 2 ,5 0 0 ,0 0 0 Is t o b e u s e d In c o m p le t in g ro a d t o L a f a y e t t e .
P r i v a t e r ig h t
o f w a y o u t s id e o f t o w n s .
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity
S t o c k , $ 5 , 0 0 0 , 0 0 0 . . - ............................................................
$ 2 ,5 0 0 ,0 0 0 ____________
F ir st m o r t g a g e . $ 5 , 0 0 0 , 0 0 0 . . . 1 9 0 7
5
2 ,5 0 0 ,0 0 0
J a ;. 1 1 9 3 7
R O A D .— O p e r a te s 61 m ile s o f tr a c k b e t w e e n C h ic a g o ( 6 3 d S t .) a n d
K ankakee.
E x t e n s io n t o L a f a y e t t e Is u n d e r w a y .
O F F I C E R S .— P r e s ., M a tt h e w s iu s h ; S e c . K. M . L o w e s; T r e a s . YT. R ,.
R o n k ; G e n . M g r ., W . I I . C o n r a d .— V . 8 5 , p . 1 5 9 , 2 8 3 .
CHICAGO & M ILWAUKEE ELECTRIC RR.— A troUey road.
R e ceiversh ip . — O n J a n . 2 8 1 9 0 8 J u d g e G r o s s c u p a p p o in t e d W . I r v in g
O sb o r n e , V lc e -P r e s C e n tr a l T r u s t C o ., C h ic a g o ; D . B . H a n n a V lc e -P r e s ,.
C a n a d ia n N o r th e r n R y . . T o r o n t o , a n d A lb e r t C. F r o s t , P r e s , o f t h e c o m
p a n y , r e c e iv e r s .
G eo r g e G . M o o re w a s s u b s e q u e n t ly s u b s t it u t e d for M r.
F r o s t. S e e V . 8 6 , p . 2 8 4 , 3 3 7 , 1 2 2 3 . A p r il 1 9 0 8 J u d g e G r o s s c u p a u t h o r
iz e d t h e W is c o n s in c o r p o r a tio n t o Issu e $ 1 ,0 0 0 ,0 0 0 r e c e iv e r ’s c e r t ific a te s to
c o m p le t e r o a d (V . 8 6 . p . 9 1 7 , 1 1 5 9 , 1 2 2 3 ) .
I n te r e st d u e J u ly 1 1908 and
J a n . 1 a n d J u ly 1 19C9 o n t h e 5 4 ,0 0 0 ,0 0 0 b o n d s of 1 9 0 2 w a s d e f a u lt e d ; t h e
in t e r e s t d u e o n $ 1 ,080 ,0 0 0 1 s t m t g e . b o n d s o f 1 8 9 9 , h o w e v e r , h a s b e e n p a id .
D e f a u lt a ls o o c c u r r e d o n W is c o n s in D l v . b o n d s J u iy 1 1 9 0 8 a n d J a n . 1 a n d
J u ly 1 1 9 0 9 .
V . 87 , p. 96.
F oreclosure S u i t . — In N o v . 1 9 0 8 W is c o n s in D l v . b o n d h o ld e r s ’ p r o t e c t iv e
c o m m i t t e e a p p r o v e d t h e a c t io n to f o r e c lo s e t h e m t g e . o n t h e W is c o n s in
d iv is io n a n d a u t h o r iz e d t h e filin g o f a b ill fo r s llm la r a c tio n w it h r e g a r d to
t h e I llin o is d iv is i o n .
In D e c . 19 0 8 J u d g e G r o ssc u p e n t e r e d a n o r d e r c o n
s o lid a t in g t h e v a r io u s fo r e c lo su r e s u i t s .
V . 8 7, p. 1237, 1477, 1604.
The
c o n s o lid a t e d b ill s e e k s to e s ta b lis h a n d f o r e c lo s e a n e q u it a b le lie n In f a v o r
o f a ll t h e h o ld e r s o f W isc o n s in b o n d s a g a i n s t t h e I llin o is p r o p e r ty , o n t h e
g r o u n d t h a t s o m e $ 2 ,0 0 0 ,0 0 0 o f t h e p r o c e e d s o f t h e s e b o n d s w e r e u s e d for
t h e b e n e f it o f t h e I llin o is p o r t io n o f t h e lin e .
V. 87, p. 1532, 1663.
T h is
t h r e a t e n s t o d is p la c e th e I llin o is d iv is io n b o n d s ’ fir st lie n o n t h e I llin o is
p r o p e r ty , a n d a p r o t e c t iv e c o m m it t e e o f I llin o is (M vlslon b o n d s h a s been
fo r m e d . V . 8 7 , p . 1 6 0 4 , 1 6 6 3 ; V . 8 8 , p . 3 7 4 .
I n F e b . 1 9 0 9 t h e M e r c h a n ts ’
L o a n & T r u s t C o ., C h ic a g o , a s t r u s t e e o f t h e I llin o is d iv is io n b o n d s o f 1 9 0 2 ,
filed a b ill In U . S . C ir c u it C o u rt o f N o r t h e r n D is t r ic t o f I llin o is t o fo r e c lo s e
m o rtg a g e .
V . 8 8, p . 504.
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r t h e g e n e r a l r a ilr o a d l a w s o f
I llin o is a n d W is c o n s in a n d h a s t h e s a m e p r iv ile g e a s s t e a m r o a d s .
T h is
c o m p a n y w a s s u c c e s s o r b y p u r c h a s e o n D e c . 31 1 9 0 2 o f t h e C h ic a g o & M il
w a u k e e E le c tr ic R a ilw a y C o. L e a s e s t h e C h ic . & M llw . E le c . R R . o f W lsc n sln fo r 5 0 y< a s tr m 1 9 0 5 . a n d g u a r a n t e e s its b o n d s , b o t h p r in c ip a l
a n d In terest.
D o e s a f r e ig h t b u s in e s s . F ra n ch ise s, e x c e p t 4 , a r e s a id t®
b e p e r p e tu a l; s e r v e s 2 5 c it ie s a n d t o w n s .
In J a n . 190 5 c o n t r o l w a s p u r c h a s e d b y M a rsh a ll F ie ld , J o h n J . M itc h e ll
a n d P . A . V a le n t in e for $2 0 0 a s h a r e o n b e h a lf o f J . P . M o r g a n & C o . a n d a
s y n d ic a t e .
O R G A N I Z A T I O N .— I n c o r p o r a te d In F e b . 1 8 5 9 . a n d h a s e x t e n s i v e s u r
f a c e r o a d p r iv ile g e s In th e s o u t h d iv is io n o f C h ic a g o .
In J u n e 190 8 e n t e r e d
In to a c o n t r a c t w it h t h e C o m m o n w e a lth -E d is o n C o ., b y w h ic h th e C h ic a g o
C ity R y . a g r e e s t o b u y a ll o f its e le c t r ic p o w e r fr o m t h a t c o m p a n y u n t il
J u n e 1 9 1 8 . T h e r a ilw a y w ill a b a n d o n Its p r o d u c in g p la n t s b u t r e ta in Its
d is tr ib u t in g p la n t s .
V . 8 7, p. 1010.
N ew O rdinances a n d F r a n c h ise s .— O n F e b . 5 1907 t h e C it y C o u n c il p a s s e d
o r d in a n c e s p r o v id in g for a s e t t le m e n t o f t h e f r a n c h is e q u e s t io n . T h e s e
o r d in a n c e s w e r e a p p r o v e d a t t h e c i t y e le c t io n o n A p ril 2 1907 a n d fo r m a lly
a c c e p te d b y th e c o m p a n y ’s b o a r d o f d ir e c to r s o n A p r il 12 1 9 0 7 .
An ex
t e n d e d o u t lin e o f t h e s e o r d in a n c e s , o n e t o t h e C h ic a g o C it y R a i lw a y C o .,
a n d c o v e r in g th e lin e s o p e r a te d b y t h a t c o m p a n y , a n d th e o t h e r to t h e C h i
c a g o R y s . C o . , a n d c o v e r in g t h e lin e s o f t h e fo r m e r C h c a g o U n io n T r a c t io n
C o . (n o w t h e C h ic a g o R a ilw a y s C o . ) , w a s g iv e n In V . 8 4 , p . 1 1 2 3 . T h e v a lu e
o f t h e t a n g ib le a n d I n t a n g ib le p r o p e r ty o f t h e C h ic a g o C ity R y . a t d a t e o f
t h e o r d in a n c e s w a s fix e d a t $ 2 1 ,0 0 0 ,0 0 0 . T h e c it y o r a n y c o m p a n y a u
th o r iz e d b y It Is g iv e n t h e r ig h t o n F e b . 1 o r A u g . l o f a n y y e a r , o n s ix
m o n t h s ’ n o t ic e , t o p u r c h a s e t h e e n t ir e p r o p e r ty o f th e t w o s y s t e m s , o r e ith e r
o f t h e m , a t t h e ir v a lu e a t d a t e o f o r d in a n c e , p lu s " t h e c o s t o f r e h a b ilita t io n
a n d e x t e n s io n s , In c lu d in g fa ir a llo w a n c e s fo r c o n s t r u c t io n , p r o fit a n d
b r o k e r a g e ."
B u t If th e p r o p e r tie s aro a c q u ir e d fo r o p e r a tio n b y a p r i
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
v a t e c o r p o r a tio n , fo r Its o w n p r o fit, t h e p u r c h a s e p r ice Is to b e In c r ea se d
S t o c k , $ 5 ,0 0 0 ,0 0 0 ....................................................................
$ 5 ,0 0 0 ,0 0 0 ..........................
2 0 % — b a r r in g th e c a s e o f a p r iv a te c o m p a n y w h ic h m ig h t be w illin g to
C & M H K D 1 s t M . $ 1 ,5 0 0 ,0 0 0 1 1 8 9 9
5 g J -J
1 ,0 8 0 ,0 0 0 J u l y 1 1 9 1 9
tu r n o v e r t o t h e c it y a ll p r o fits a b o v e 5% o n t h e c o s t o f th e I n v e s tm e n t .
g ($ 1 ,0 0 0 e a c h ) c; m a y b e i l n t . a t S t a n d a r d T r u s t C o ., N . Y . , a n d C le v e T h e c o m p a n ie s are lim it e d d u r in g t h e ir o p e r a tio n to a n I n te r e s t r e tu r n
c a lle d a n y I n te r e s t d a y a t I la n d T r u s t C o .. T r u s t e e s , C le v e la n d T r u s t
o f 5% u p o n t h e a g r e e d v a lu e p lu s t h e c o s t o f r e h a b ilita t io n a n d e x t e n
105 a n d I n t e r e s t ......... .............J C o . a n d R o y a l T r u s t C o ., C h ic a g o .
s io n s . A ll n e t p r o fits a b o v e t h is a re to b e d iv id e d o n t h e b a s is o f 55%
0 & M E R R 1 st M . $ 5 , 0 0 0 ,- f 1 9 0 2
5 g J -J
4 , 0 0 0 ,0 0 0 J u ly 1 192 2
t o t h e c it y a n d 45 % to t h e c o m p a n ie s , b u t a d e fic it In a n y y e a r Is t o b e 1
0 0 0 , g o ld ( $ 1 , 0 0 0 ) -----------c( I n t . a t M e r c h a n ts ’ L o a n & T r . O o .. C h ic a g o ,
m a d e g o o d o u t o f t h e p r o fits o f s u b s e q u e n t y e a r s . A f t e r A p r il 15 1 9 1 o t h o
l T r u s te d , or N a t . B k . o f C o m m e r c e , N . T .
STO C K A N D B O N D S .
D a te. Interest. O utstan din g.
M a tu r ity .
W is c o n s in D i v is io n , 1 s t m tg ,I 1 0 0 6
I g J -J
$ 1 0 ,0 0 0 ,0 0 0 J a n 1 1 0 2 6
guar,
g o ld ,
6 1 0 ,0 0 0 ,0 0 0 1I n t e r e s t a t W e s t . T r .& S a v .B k .,C h i c . .T r u s te e
( 6 1 , 0 0 9 ) ......................................... j o r U . S . M o r tg a g e & T r u s t C o .. N e w Y o r k .
R e c e iv e r ’s e e r ls 3 1 ,0 0 0 ,0 0 0 ) 100 8
6 Al-N 11
1 ,0 0 0 ,0 0 0
1011
( 6 1 , 0 0 0 ) ____________________ J
B o n d s. — O f t h e 6 6 ,0 0 0 ,0 0 0 R ailroad C o m p a n y b o n d s a u t h o r iz e d , $ 1 ,0 0 0 .• 9 0 a r e r e se r v e d t o r e tir e a lik e a m o u n t o f b o n d s o f t h e R a ilw a y C o m p a n y .
B o n d s a r e n o t s u b j e c t t o c a ll. S e e V . 7 6 , p . 2 1 1 : V . 7 8 , p . 1 4 0 6 .
S in k in g fu n d o n t h e R a ilw a y b o n d s o f 5 5 0 ,0 0 0 p e r y e a r b e g in s w it h J u ly 1
1 9 1 0 . N o m o r e t h a n t h e 5 1 ,0 8 0 ,0 0 0 o f t h e s e b o n d s o u t s t a n d in g w ill b e
I s s u e d . T h e s e b o n d s a r e s u b j . t o c a ll o n a n y l n t . d a t e a t 10 5 a n d I n t e r e s t .
T h e W is c o n s in D l v . b o n d s a r e g u a r ., p r ln . a n d n t ., b y t h e C h lo . & M U .,
a . U R . o f 111. N o s . f . a n d a r e n o t s u b j e c t t o c a ll.
O f t h e 5 1 0 ,0 0 0 ,0 0 0 r e
p o r t e d o u t s t a n d in g , 5 1 ,1 5 7 ,0 0 0 Is p le d g e d a s c o lla te r a l fo r n o t e s a n d lo a n s .
A 5 2 ,0 0 0 ,0 0 0 Issu e o f 6% n o t e s w a s a u t h o r iz e d In 1 0 0 7 ( V .8 5 , p . 0 2 0 ) ,
H ut It Is u n d e r s t o o d t h a t n o t m o r e t h a n 5 1 2 1 ,0 0 0 o f t h e s e n o t e s w e r e Issu ed
a g a i n s t w h ic h 5 2 0 3 ,0 0 0 o f W is c o n s in D :v. b o n d s a r e p le d g e d . V . 8 6 , p . 3 3 7 .
T h e r e c e iv e r ’s c e r t ific a te s a r c a p r io r Hen on ly t o t h e 6 1 0 ,0 0 0 ,0 0 0 W is c o n
sin D iv is io n 5 s d u e 1 0 2 5 .
T h e y a r e s u b j e c t t o c a ll a t o p t io n o f r e c e iv e r .
V •
p . 8 5 6 , 115!) I ? 2 3 .
R E P O R T S O F E X P E R T A C C O U N T A N T S . S e e r e p o r t o f A r th u r
Y o u n g & C o. (e n g a g e d b y t h e r e c e iv e r s) In V . 8 7 , p . 2 2 5 : a ls o t h a t o f
M a r w ic k , M itc h e ll & C o . (e n g a g e d b y P r e s . A . O. F r o s t , a n d o r ltlc ts ln g t h e
fir s t r e p o r t v e r y s e v e r e ly ) In V . 8 7 , p . 1 4 7 6 .
E a r n in g s o f s y s t e m , a s r e - s t a t e d b y A r th u r Y o u n g & C o ., o m it t i n g a ll
f r e ig h t e a r n in g s a n d e x p e n s e s o f c o n s tr u c t io n m a te r ia l h a u le d , w e r e a s
fo llo w s :
o f t h e c o m p a n y s h a ll b e f u lly p a id a n d d is c h a r g e d , t h e d ir e c t o r s o f th «
c o m p a n y s h a ll b e e le c t e d b y M e ssr s. A . C . B a r t le t t , C h a u n c c y K e e p , C h a if e s
H . H u lb u r d , A lb e r t A . S p r a g u e a n d C h a rie s (J. D a w e s o f C h ic a g o , a n d p r o
v is io n Is m a d e In t h e tr u st d e e d s e c u r in g t h e 1 s t m tg e . b o n d s fo r t h e a p p o i n t
m e n t o f a p e r m a n e n t fin a n c e c o m m it t e e , c o m p o s e d o f M e ssr s. H e n r y A . B la ir ,
C h a u n c e v K e e p a n d B . A . E c k h a r t o f C h ic a g o .
W ages. — O n S e p t . 16 1 9 0 9 t h e c o m p a n y ’s m e n , w h o h a d m a d e a d e m a n d
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s h a a n d R a o ln o t o M ilw a u k e e , I n c lu d in g e x t e n s io n t o L l b e r t y v llle .
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from E v a n s t o n (w h e r e c o n n e c tio n Is m a d e w it h C h ic a g o ) t o W a u k e g a n w a s 1 9 0 8 ) , b u t o n ly w h e n e a r n e d , a n d a f t e r p a y m e n t o f aU a c c u m u la t io n s e f
o p e n e d In A u g . 1 8 9 9 , a n d e x t e n s io n t o L lb e r ty v llle In S e p t . 1 9 0 3 , a n d to s in k in g fu n d a n d o f d iv id e n d s o n S e r ie s 1 .
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w e r e p la c e d In o p e r a tio n D e c . 2 1 9 0 5 a n d t h e lin e t o R a c in e o n S e p t . 1 1 9 0 6 .
t a t i o n , e x t e n s i o n s , & c. T h e y m a y b e r e d e e m e d a t p a r a n d a c c r u e d I n te r e s t
L in e o p e n e d t o M ilw a u k e e O c t . 31 1 9 0 8 .
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o n p r iv a t e r ig h t- o f- w a y a n d r o a d Is d o u b le - tr a c k e d t h r o u g h o u t . R a lls , r ig h ts a n d f r a n c h is e s o f t h e c o m p a n y . T h e a u t h o r iz e d Issu e Is lim it e d to
6 5 a n d 8 5 - lb .
V . 67, p. 900.
t h e a g g r e g a te o f t h e a m o u n t s a p p r o v e d fr o m t im e t o t im e b y t h e b o a r d o f
O F F I C E R S .— P r e s ., A . C . F r o s t; V . - P . , G o rd o n A . R a m s a y : S e e ., P ie rr e s u p e r v is in g e n g in e e r s ; t h e fir s t I s su e o f $ 5 ,0 0 0 ,0 0 0 w a s p u r c h a s e d b y N . W .
G . B e a c h ; T r e a s ., W . O . K llm a n ; G e n . M gr. fo r r e c e iv e r s , A . W . M c L lm o n t. H a rr is & C o . a n d t h e N a t io n a l C lt v B a n k o f N e w Y o r k ; In M a v 1 9 1 8 s a m e
— V . 8 7 , p . 9 6 , 2 2 5 , 9 3 6 , 1 2 3 7 , 1 4 7 6 , 1 4 7 7 , 1 5 3 2 1 6 0 1 , 1 6 6 3 ; V . 8 8 , p .9 9 , p a r t ie s p u r c h a s e d a n a d d i t io n a l $ 3 ,0 0 0 ,0 0 0 , a n d In J a n . 1 9 0 9 t h e y p u r
c h a s e d $ 6 ,0 0 0 ,0 0 0 m o r e .
V . 8 6 , p . 2 8 4 , 1409; V . 8 8 , p .3 7 4 .
In Ju n e 1909
158 3 7 4 . 5 0 1 .
$ 5 ,0 0 0 ,0 0 0 a d d it io n a l b o n d s w e r e p u r c h a s e d b y t h e s a m e p a r t ie s . V . 8 8 ,
CHICAGO RAILWAYS CO.— A n e le c t r lc T r o a d .U (Sre M a p on page 2 4 .)
p . 1 4 3 6 , 1 6 1 9 . S e e f u ll p a r t ic u la r s o f b o n d s , p r o p e r ty , A c ., In V . 8 6 , p . 5 4 5 .
P O S S I B L E C O N S O L I D A T I O N W I T H O T H E R L I N E S . — I n N o v . 190 8
T h e c o n s o lid a t e d m o r t g a g e c o n s is t s o f S e r ie s A fo r $ 1 8 ,6 0 0 ,0 0 0 , S e r ie s B
a o o m m lt t c e c o n s is t in g o f J . J . M itc h e ll a n d J . A . S p o o r , r e p r e s e n t in g t h e fo r $ 1 7 ,1 9 4 ,0 0 0 a n d S e r ie s C f o r $ 8 ,3 4 3 ,8 4 4 ( o r ig in a lly $ 4 ,0 0 0 ,0 0 0 , b u t
C h ic a g o C it y R y .; C h a u n c c y K e e p , H . A . B la ir , W . N . E ls e n d r a th a n d
r e d u c e d t o t h is a m o u n t b y s in k in g f u n d ) , m a k in g $ 3 9 ,1 3 7 ,8 4 4 t o g e t h e r .
W a lla c e H e c k m a n , r e p r e s e n t in g t h e C h ic a g o R y s . C o ., a n d S a m u e l I n s u ll S e r ie s C b o n d s h a v e s in k in g f u n d o f $ 2 5 0 ,0 0 0 t>cr a n n u m . If e a r n e d , b e g i n
fo r t h e C o n m m o w e a lth -E d ls o n C o ., w a s a p p o in t e d to s e e If a f e a s ib le p la n
n in g A u g . 1 1 9 0 8 , b u t c u m u la t iv e u n t il p a id .
O f t h e S e r ie s A b o n d s ,
c o u ld b e d e v is e d fo r u n it in g a ll t h e t r a c t io n p r o p e r tie s In t h e c it y o f C h ic a g o .
$ 9 ,3 3 4 ,8 0 0 a r e o u t s t a n d in g In h a n d s o f p u b lic , $ 6 ,7 6 7 ,2 0 0 a r e d e p o s ite d
V . 8 7 . p . 1419.
a s c o lla t e r a l fo r t h e $ 5 ,0 0 0 ,0 0 0 6 % 5 -y e a r " c o lla t e r a l’’ n o t e s a n d $ 1 ,6 6 6 ,0 0 0
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is In O c t . 1 9 0 3 a n d o n J a n . 25 fo r t h e 5 -y e a r 6% $ 1 ,2 0 0 ,0 0 0 “ f u n d in g n o t e s ; ” a ls o $ 8 3 2 ,0 0 0 a s s e c u r it y for
1 9 0 8 a c q u ir e d a t f o r e c lo su r e s a le t h e p r o p e r ty o f t h e o ld C h ic a g o U n io n
$ 4 9 8 ,0 0 0 5% n o t e s . S e e p a r tic u la r s V . 8 6 , p . 1 2 2 3 .
O f S e r ie s C b o n d s ,
B o n d s o f 3 serie»
T r a c t io n , c o m p r is in g t h e lin e s o f t h e N o r t h a n d W e s t C h ic a g o S t r e e t R R s . $ 3 ,0 1 0 ,4 4 6 a r e o u t s t a n d in g a n d $ 3 3 3 ,3 9 8 a r e r e s e r v e d .
b e a r I n te r e s t a t 4% u n t il F e b . 1 1 9 1 2 a n d 5% t h e r e a f t e r , b u t b o n d s o f S erle*
T h e p u r c h a s e w a s u n d e r a p la n o f r e o r g a n iz a t io n a n d r e a d j u s t m e n t d a te d
A , h e ld b y t r u s t e e s o f n o t e s , b e a r fu ll 5% fr o m d a t e o f I s su e . T h e $ 5 ,0 0 0 ,
O c t . 15 190 7 a n d o u t lin e d In V . 8 5 . p . 1 2 6 9 ; s e e a lso p a g e 1 5 7 6 .
Contract for P ow er. — O n J u l y 3 0 1 9 0 0 t h e c o m p a n y r e a c h e d a n a g r e e m e n t 0 0 0 “ c o lla te r a l" n o t e s a n d $ 1 ,2 0 0 ,0 0 0 “ f u n d in g ’’ n o t e s a r e r e d e e a m b le o n
F e b . 1 191 1 o r a n y I n t e r e s t d a t e t h e r e a f t e r a t p a r a n d I n t e r e s t . T h e $ 5 0 0 ,
w it h t h e C o m m o n w e a lth -E d ls o n C o . f o r p o w e r f o r a p e r io d o f 6 y e a r s fro m
0 0 0 c o ll, n o t e s a r e n o t r e d e e m a b le .
F ebruary 1908.
V . 89, p. 318.
F ran ciilses. — O n F e b . 5 1 9 0 7 t h e C it y C o u n c il p a s s e d o r d in a n c e s pro
D I V I D E N D . — A n In itia l d iv id e n d o f 4 % w a s p a id N o v . 1 5 1 9 0 8 o n
v l d ln g to r a s e t t le m e n t o f t h e r e la tl ns b e t w e e n tu ,. . p y nn() i v (. s tr e e t S e r ie s 1 p a r t ic ip a tio n c e r t if ic a t e s . O n S e p t . 1 1 9 0 9 8% w a s p a id o n S e r ie s 1
r a ilw a y c o m p a n ie s .
V . 8 4 , p . 3 3 8 , 3 0 0 . T h e franchises g r a n t e d b y t h e
c e r t ific a te s .
o r d in a n c e s e x p ir e F e b . 11 1 9 2 7 , a n d w e r e a p p r o v e u a t t n e p o p u la r e le c t io n
R O A D .— C o m p r ise s 3 0 8 .4 4 6 m ile s o f t r a c k , s e r v in g t h e N o r t h a n d W e s t
h e ld A p ril 2 1 9 0 7 .
s id e s o f t h e c i t y e x c lu s i v e o f m ile a g e o f C h ic a g o C o n s o lid a te d T r a c t io n .
In t h e r e m a r k s c o n c c r n ln g t h e C h lc a g o C I t y R y . o n a p r e c e d l n g p a e e o f tl Is
E Q U I P M E N T .— M a y 1 9 0 9 e q u ip m e n t c o n s is t e d o f 1 ,7 6 9 s in g le a n d
p u b lic a t io n w ill b e fo u n d a b r ie f s u m m a r y o f th e m a in t e r m s , r e q u ir e m e n ts
d o u b le - tr u c k m o to r c a r s.
P r io r t o F e b . 1 19 1 1 c o m p a n y m u s t p r o v id e
a n d c o n d it io n s o f th e s e o r d in a n c e s . A v e r y e x t e n d e d o u t li n e o f t h e s a m e
I,
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w a s p r in te d In t h e “ C h r o n ic le ” or M a y 11 1 9 0 7 , p a g e s 1 1 2 3 , 1 1 2 4 a n d 1 1 2 5
n a n c e . 6 5 0 “ p a y - a s - y o u - e n t e r ” c a r s h a v e b e e n o r d e r e d , o f w h ic h 5 7 0 h a d
t o w h ic h t h e r e a d e r Is r e fe r r e d fo r d e t a ile d I n fo r m a tio n .
T h e o r d in a n c e fo r t h e C h ic . R w y s . C o . r e q u ir e s t h a t w i t h in th r e e y e a r s b e e n d e l iv e r e d u p to S e p t . 1 9 0 9 .
fr o m F e b . 11 1 9 0 7 t h e c o m p a n y s h a ll fre e t h e p r o p e r tie s fr o m a ll o f t h e old
R E P O R T .— T h e a n n u a l r e p o r t fo r y e a r e n d in g J a n . 31 1 9 0 9 w ill b e fo u n d
lie n s , w h ic h r e q u ir e m e n t t h e C h ic. R w y s . C o . w ill b e a b le t o f u lfill. T h e In V . 8 9 , p . 1 5 9 .
P a s s e n g e r s c a r r ie d d u r in g y e a r e n d in g J a n . 31 1 9 0 9 ,
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b o a r d o f e x p e r t e n g in e e r s a c t in g fo r t h e c i t y ) , p lu s 5 1 ,7 7 9 ,8 7 5 fo r e x n e n d l
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1 9 0 8 - 9 . 5 1 1 ,0 3 7 ,0 7 1 $ 3 ,3 1 1 ,1 2 1 $ 1 ,7 3 9 ,6 8 4 $ 1 ,5 7 1 ,4 3 7 $ 8 6 4 ,2 9 0 $ 7 0 7 ,1 4 7
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C h ic a g o R iv e r a t W a s h in g to n , L a S a lle a n d V a n B u rc n s t r e e t s . T h e
o r d in a n c e r e q u ir e s t h r o u g h r o u t in g o v e r c e r t a in lin e s o f t h e C h ic a g o
C ity R y . C o. a n d t h e e x c h a n g e o f tr a n sfe r s w it h t h a t c o m p a n y . T h e lin e s
T o t a l a b o v e d e d u c t io n s ......................................................................................... 2 ,4 3 3 ,3 2 7
o f t h e C h ic a g o C ity R y . C o . c o v e r w h a t Is k n o w n a s t h e S o u t h S id e o f Chi
c a g o , a n d t h e lin e s o f t h e C h ic a g o R w y s . C o . t h e N o r th a n d W e s t S id e s .
N e t a v a ila b le fo r d i v id e n d s .................................................................................* $ 8 0 5 ,9 7 5
R ight to Purchase by C ity . — U n d e r t h e te r m s o f t h e f r a n c h is e , t h e c o m p a n y
h a s a g r e e d t o w a iv e a ll r ig h ts u n d e r p r e v io u s g r a n t s , a n d h a s g r a n te d th e
* F r o m t h is a m o u n t p a y m e n t o f 4% w a s m a d e t o t h e h o ld e r s o f p a r t ic i
c it y a n o p t io n t o p u r c h a s e a ll o f Its p r o p e r ty fo r m u n ic ip a l o p e r a tio n a t p a t io n c e r t if ic a t e s . S e r ie s 1 .
a n y t im e p rior t o t h e e x p ir a t io n o f t h e 2 0 -y e a r f r a n c h is e g r a n t e d t h e c o m
O F F I C E R S .— C h a ir m a n B o a r d o f D ir e c t o r s , H e n r y A . B la ir ; P r e s .,
p a n y b y t h e o r d in a n c e . T h e p r ic e t o b e p a id b y t h e c i t y to b e $ 3 9 ,
J o h n M. R o a c h .
7 7 9 ,8 7 5 , t h e v a lu a t io n o f t h e p r o p e r tie s F e b r u a r y 1 1 9 0 7 , a s a b o v e m en
I N D E X .— V . 8 7 . p . 6 7 7 . 1 0 1 0 , 1 1 5 9 , 12 3 7 . 1 2 9 9 , 1 3 5 7 , 14 1 9 , 1532; V . 8 8 ,
s to n e d , n lu s all e x p e n d itu r e s a f te r t h a t d a t e fo r r e c o n s t r u c t io n , e x te n t lo n s a n d a d d it io n s t o t h e p r o p e r tie s , I n c lu d in g a n y a m o u n t s a d v a n c e d to p . 5 2 , 9 9 , 1 5 8 , 2 9 4 , 3 7 4 , 4 5 1 , 5 0 4 , 819, 1124, 1 4 3 6 , 1 6 1 9 ; V . 8 9 , p . 159.
295, 348, 720.
t h e c it y fo r c o n s tr u c t io n o f s u b w a y s In t h e d o w n to w n b u s in e s s d is tr ic t .
In c a s e th e p r o p e r ty s h a ll n o t b e p u r c h a s e d , a s a b o v e s t a t e d , p r io r to 1 9 2 7 ,
(1) Chicago Consolidated Traction. — E le c tr ic r o a d .
T h e C h ic a g o R a i lw a y s C o . Is u n d e r s t o o d to o w n a ll b u t $ 2 8 ,5 0 0 o f t h e
t h e e x p ir a t io n o f t h e p r e s e n t f r a n c h is e , t h e c it y c o v e n a n t s t h a t It w ill n o t
t h e n g r a n t a f r a n c h is e t o a n y o t h e r c o r p o r a tio n fo r t h e o p e r a tio n o f a c o m $ 1 5 ,0 0 0 ,0 0 0 s t o c k o f t h e C h ic a g o C o n s o lid a te d T r a c t io n C o .
p e t in g s y s t e m in t h e c o m p a n y ’s t e r r ito r y , u n le s s s u c h o t h e r c o r p o r a tio n
O R G A N I Z A T I O N .— T h e C h ic a g o C o n s o lid a te d T r a c tio n w a s o r g a n iz e d
s h a ll p u r c h a s e t h e p r o p e r ty o f t h e c o m p a n y a t s a id p r ic e . T h e c lt v a lso In F e b . 1 8 9 9 t o u n it e t h e s u b u r b a n U n es o f N o r t h C h ic a g o a n d W e s t C h ic a g o .
h a s t h e o p t io n o f r e q u ir in g t h e c o m p a n y to s e ll Its p r o p e r ty t o a n y o th e r
(V . 6 8 , p . 7 6 9 ).
lic e n s e e c o r p o r a tio n or t h e c i t y , o r to p u r c h a s e t h e p r o p e r ty Its e lf fo r m u n ic i
D e fa u lt.— T h e c o m p a n y d e f a u lt e d J u n e 1 1 9 0 8 l n t h e p a y m e n t o f t h e s e m i
pal o w n e r s h ip (w ith n o r e q u ir e m e n t a s to m u n ic ip a l o p e r a tio n ) n t a n v t im e a n n u a l l n t . o n Its $ 6 ,7 5 0 ,0 0 0 4 M % g e n ’l m t g e . b o n d s . V . 8 6 , p . 1 4 0 9 .
d u r in g t h e life o f t h e fr a n c h is e ; b u t In c a s e o f s u c h p u r c h a s e b v t h e c it y
F o r b o n d h o ld e r s ’ p r o t e c t iv e c o m m i t t e e s , s e e V . 8 6 , p . 1 5 2 8 , a n d V . 8 7 , p .
o r a l ic e n s e e ,t h e p r ice t o b e p a id s h a ll b e 20 % m o re t h a n t h e p r ice a b o v e 1 6 5 , 3 4 6 , 1 3 57; V . 8 8 , p . 2 9 3 , 3 7 4 .
m e n tio n e d ; b u t t h e l ic e n s e e s h a ll n o t b e r e q u ire d t o p a y t h e a d d it io n a l 20%
S u it. — O n N o v . 1 7 1 9 0 8 a g e n ’l m t g e . b o n d h o ld e r s ’ c o m m i t t e e b r o u g h t
If It s h a ll a g r e e to p a y o v e r to t h e c it y a ll p r o fits In e x c e s s o f 5% o n th e
s u i t t o h o ld t h e C h ic a g o R y s . C o ., a s s u c c e s s o r o f t h e C h ic a g o U n io n T r a c .
I n v e s t m e n t . I n a n y e v e n t (1) t h e p u r c h a s e p r ic e m u s t b e p a id In c a s h a n d C o . , lia b l e fo r t h e l a t t e r ’s g u a r a n t y o f p r ln . a n d l n t . o n $ 1 ,2 0 0 ,0 0 0 g e n e r a ls ,
d e p o s ite d In n a t io n a l o r S t a t e b a n k s , e a c h o f w h ic h m u s t h a v e a c a p ita l r e p r e s e n t e d b y t h e c o m m it t e e .
V . 8 7, p . 1357.
a n d s u r p lu s o f a t le a s t 5 1 ,0 0 0 ,0 0 0 , a n d m u s t b e a p p r o v e d b y t h e c o m p a n y ,
R eceivership. — O n J u n e 25 1 9 0 8 J u d g e G r o s s c u p a p p o in t e d D a v id R .
a n d t h e first m o r tg a g e b o n d s o f t h e c o m p a n y w ill a t t a c h to s u c h c a s h ns a F o r g a n a n d J o h n M . R o a c h , P r e s , o f c o m p a n y , r e c e iv e r s In fo r e c lo s u r e s u i t
fir st lie n In th e e v e n t o f s u c h p u r c h a se ; o r (2) s u c h p u r c h a s e (If m a d e w it h in
b r o u g h t b y C e n tr a l T r u s t C o ., t r u s t e e o f 1 s t m t g e . V . 8 6 , p . 1 5 8 9 .
la
sa id 29 yearn) m u s t b e c o n s u m m a t e d e x p r e s s ly s u b j e c t t o t h e lie n o f t h e 1st M a y 1 9 0 9 s a m e r e c e iv e r s w e r e a p p o in t e d fo r th e E v a n s t o n E le c . R y .;
m tg . b o n d s , b u t If m a d e a t t h e e x p ir a t io n o f s a id 20 y e a r s ,t h e a m o u n t th e r e o f N o r t h C h ic . E le c . R y . , C h ic . E le c . T r a n s it , N o r t h S id e E le c . S t . R y . ,
m i s t a ls o b e s o n a ld In c a s h .
O g d e n S t . R y . a n d t h e C icero & P r o v is o S t . R y .
O n J u n e 3 0 1 9 0 9 r e c e iv e r
Com pensation to C ity . — T h e c o m p a n y Is e n t it le d to a s tr a ig h t 5 - c e n t f a r e , s h ip w a s e x t e n d e d to I n c lu d e t h e lin e s o f t h e C h ic a g o & N o r t h S h o r e S t . R y .
w it h u n iv e r s a l tr a n sfe r s .
In tu r n p r o v is io n Is m a d e fo r s p e c ia l c o m p e n s a V . 8 0 , p . 1 0 2 .
t io n t o t h e C ity of C h ic a g o , b u t t h is c o m p e n s a t io n Is p a y a b le o n ly o u t o f
P u rch ase of C oupons of U n d erlyin g C o m p a n ies b y Chicago R a ilw a ys C o .—
t h e s u r p lu s e a r n in g s o f t h e c o m p a n y a f te r p a y in g o r p r o v id in g fo r a ll o p S e e e x p la n a t io n In V . 8 6 , p . 1 1 5 9 , 1 2 8 4 .
4
e r a tin g e x p e n s e s . I n c lu d in g th e c h a r g e s fo r m a in t e n a n c e a n d d e p r e c ia t io n
R eceivers' C ertificates. — O n M a y 17 1 9 0 9 r e c e iv e r s w e r e a u t h o r iz e d to
p r e s c r ib e d In t h e o r d in a n c e , a n d 5% u p o n t h e v a lu a t io n o f t h e c o m p a n y ’s I s su e r e c e iv e r s ’ c e r t ific a te s b e a r in g d a t e M a y 1 1 9 0 9 , p a y a b le a t a n y t im e ,
p r o p e r ty a t w h ic h It m a y b e p u r c h a s e d b y t h e c it y fo r m u n ic ip a l o p e r a tio n , f o r r e h a b ilita t io n w o r k a s fo llo w s : N o r t h C h ic . E le c . R y . , $ 1 6 0 ,7 2 8 ; C h ic .
a s a b o v e s t a t e d . O f t h e su r p lu s e a r n in g s s o r e m a in in g , t h e C ity o f C h ic a g o
E le c . T r a n s it, $ 9 8 ,5 0 0 ; C ic e ro & P r o v is o S t . R y . , $ 3 8 1 ,2 0 0 ; O g d e n S t . R y . ,
r e c e iv e s 55% a n d t h e c o m p a n y 4 5 % .
$ 9 9 ,7 7 2 . V . 8 7 , p . 1 4 7 7 ; V . 8 8 . p . 1 3 1 2 .
O n J u n e 3 0 1 9 0 9 rece iv e ™
C on trol by T ru stees. — T h e t r u s t I n d e n tu r e s e c u r in g t h e p a r t ic ip a tio n w e r e a u t h o r iz e d t o Issu e $ 1 6 8 ,5 0 0 r e c e iv e r s ’ c e r t ific a te s t o c o v e r I m p r o v e
c e r t if ic a t e s p r o v id e s t h a t u n t il A u g . 1 1 9 1 2 ,a n d t o t h e fu ll e x t e n t th e r e a fte r
m e n ts o n C h ic . & N o r t h S h o r e S t . R y . lin e s . V . 8 9 , p . 1 0 2 .
A ll c e r t ific a te s
w h ic h m a y b e p e r m it te d b y la w u n t il a ll o f t h e c o n s f ild a t e d m o r t g a g e b o n d s b i a r 6% I n t e r e s t .
STOCK AN D BONDS—
D a te.
In te re st.
Stock, $19,000,000.......................................................
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$15,000,000 - - - - - - - - -
6,750,000 D ec 1 1939
7 5 0 , 0U0 .
________________ IC e n tr a l T r u s t C o ., N . V ., (n e w ) T r u s t e e .
T h e ’ b o n d s fo r $ 6 ,7 5 0 ,0 0 0 w e r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t , b y t h e
C h ic a g o U n io n T r a c t io n . T h e C h ic a g o C o n s o lid a te d T r a c t io n w h e n It w a s
o r g a n iz e d a s s u m e d t h e b o n d s o f t h e c o n s t i t u e n t c o m p a n ie s ( w h ic h It a g r e ed
t o g u a r a n te e ) a n d a ls o t h e le a s e o f t h e C h ic a g o N o r t h S h o r e S t r e e t R a i l w a y ,
u n d e r w h ic h 0 % d iv id e n d s w e r e p a id o n t h e $ 6 5 0 ,0 0 0 s t o c k o f t h e la t t e r .
T h e s t a t e m e n t t o t h e N e w Y o r k S t o c k E x c h a n g e u n d e r d a t e o f M a rch 27
1 8 9 9 s h o w e d t h a t t h e m o r t g a g e I n d e b t e d n e s s o f t h e c o n s t i t u e n t c o m p a n ie s
a s s u m e d a g g r e g a te d $ 6 , 0 8 5 ,0 0 0 , I n c lu d in g t h e $ 6 5 0 ,0 0 0 s t o c k o f t h e C h ic a g o
N o rth S h o re S tr ee t R y .
B e lo w Is t h e d e b t o f t h e c o n s t i t u e n t c o m p a n ie s
o f w h ic h t h e C o n s o l. T r a c . o w n s $ 1 7 4 ,0 0 0 b o n d s o f O g d e n S t . R y . , $ 5 2 ,0 0 0
p f C ic e ro & P r o v i s o S t . R y . a n d $ 1 ,0 0 0 C h ic a g o & J e ffe r s o n U r b a n T r a n s it
O B L IG A T IO N S O F S U B S ID IA R Y C O M P A N IE S .
B o n d h o ld e rs' C o m m itte e. — A c t in g o n t h e r e c o m m e n d a t io n o f J u d g e G rossc u p ( V . 8 7 , p . 1 4 1 9 ) , a b o n d h o ld e r s ’ p r o t e c t iv e c o m m it t e e w a s fo r m e d In
N o v . 1 9 0 8 t o p r o t e c t t h e I n te r e s ts o f t h e f o llo w in g b o n d s: C h ic . E le c . T r a n s .,
E v a n s t o n E l e c ., N o r t h S id e E le c . S t . , N o r t h C h ic . E le c , a n d C h ic a g o N o r th
S h o r e S t . V . 8 7 , p . 1477: V . 8 8 . p . 9 9 .
F o reclosure. — O n M a y 6 1 9 0 9 , t h e I llin o is T r u s t & S a v . B a n k file d In
t h e U . S . C ir c u it C o u rt a t C h ic a g o , a s a u t h o r iz e d b y J u d g e G r o s s c u p , s u it s
fo r t h e fo r e c lo s u r e o f t h e m o r t g a g e s o f t h e N o r t h C h ic . E le c t . R y . , t h e
N o r t h S id e E le c . S t . R y . . t h e C h ic . E le c t . T r a n s . C o . a n d t h e O g d e n S t r e e t
R y . C o .— V . 8 8 . p . 131-2. 1 5 5 9 .
Chicago Electric Transit.
D e fa u lt. — D e f a u l t In p a y m e n t o f I n te r e s t o n b o n d s o c c u r r e d F e b . 1 1 9 0 9 ,
BO ND S—
D a te.
In te re st. O u tsta n d in g .
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1 s t m t g e , n o o p t io n ( $ 1 ,0 0 0 ) - - 1 8 9 4
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I n t e r e s t Is p a y a b le a t o f fic e or t r u s t e e , t h e I llin o is T r u s t & S a v in g s B a n k .
T h is m o r t g a g e p r o v id e d fo r t h e I s su e o f $ 2 ,0 0 0 ,0 0 0 b o n d s a t n o t e x c e e d in g
t h e c o s t o f I m p r o v e m e n t s , e x t e n s i o n s . A c .. a n d fo r a d d it io n a l b o n d s a t n o t
a b o v e 75 % s u c h c o s t .
V . 8 7 . p . 1477: V . 8 8 , p . 9 0 , 3 7 4 , 1313.
C h ic a g o & J e ff e r s o n U r b a n T r a n s it.
D e fa u lt, — D e f a u lt o n b o n d s o c c u r r e d N o v . 1 1 9 0 8 .
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O u tsta n d in g .
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T h e 1 s t m t g e . w a s fo r $ 2 ,0 0 0 ,0 0 0 b u t a d d it io n a l b o n d s t o b e I ssu ed fo r
■ e x te n s io n s , & c. T r u s t e e , I llin o is T r u s t & S a v in g s B a n k . V . 8 6 , p . 1 1 5 9 ;
V . 87, p. 1299.
Cicero & Proviso Street Railway.
_ _
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D e fa u lt. — I n t e r e s t on b o n d s w a s d e f a u lt e d N o v . 1 1 9 0 8 .
o m m lt t e e f o r m e d .
V . 8 7 , p . 1 478; V . 8 8 , p . 1 0 0 .
h a v e b e e n b r o u g h t b y t h e b o n d h o ld e r s ' c o m m it t e e .
D a te .
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( $ 1 , 0 0 0 ) ----------$ 5 0 0 ,0 0 0 o f t h e b o n d s w e r e r e se r v e d fo r I m p r o v e m e n t s a t n o t e x c e e d i n g
75 % o f c o s t .
V . 8 6 . p . 1 1 5 9 : V . 8 7 , p . 1 3 0 0 , 1 478; V . 8 8 , p . 1 0 0 .
Ogden Street Railway.
D e fa u lt. — I n t e r e s t d u e N o v . 1 1 9 0 8 w a s d e f a u lt e d .
m it t e e h a s b e e n f o r m e d . S e e V . 8 7 . p . 1 6 0 5 .
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1st m o rtg a g e ( $ 1 , 5 0 0 , 0 0 0 ) . 1 8 9 6
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$ 7 5 0 ,0 0 0 M a y 1 1 9 1 6
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T h e s u p p le m e n t a l m o r t g a g e , e x e c u t e d J a n . 2 2 1 8 9 8 , lim it s t h e I s su e o f
b o n d s t o $ 1 ,5 0 0 ,0 0 0 .
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I ssu ed o n ly fo r 7 5 % o f t h e c o s t o f n e w c o n s t r u c t io n .
V . 8 6 , p . 1 160; V . 8 7 ,
p . 1301. 1605.
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P ro p o sed M e rg e r. — F o r p r o p o s e d m e r g e r w it h C h ic a g o E l e v a t e d r o a d s
s e e r e fe r e n c e u n d e r M e tr o p o lita n W e s t S id e a n d fu ll t e x t o f p la n In V . 8 8 ,
p . 1 2 5 2 u n d e r C e n tr a l T e r m in a l C o .
O R G A N I Z A T I O N .— T h is c o m p a n y w a s In c o r p o r a te d In N e w J e r s e y o n
A p r il 22 1 9 0 4 t o h o ld t h e s e c u r itie s o f t h e C h ic a g o & O a k P a r k E l e v a t e d
R ailro a d C o ., f o r m e r ly t h e o ld L a k e S t r e e t E l e v a t e d R R . , r e o r g a n iz e d per
p la n in V . 7 7 , p . 1 8 7 4 ; V . 7 8 , p . 1 3 9 2 .
B e s id e s $ 9 ,1 4 9 ,6 4 2 s t o c k a n d $ 8 6 4 ,
1 0 0 I n c o m e b o n d s , a ls o h o ld s $ 1 ,6 0 8 ,5 0 0 n o t e s o f t h e C h ic a g o A O a k P a r k
E le v a t e d R ailro a d C o . Issu ed b y t h a t c o m p a n y fo r lo a n s m a d e t o It b y t h o
R a ilw a y C o . T h e o ld L a k e S t r e e t $ 1 0 ,0 0 0 ,0 0 0 o f c o m m o n s t o c k p a id a n
a s s e s s m e n t o f $ 2 p e r s h a r e , a n d r e c e iv e d $ 4 In n e w p r e fe r r e d a n d $ 4 0 In n e w
c o m m o n s t o c k fo r e a c h sh a r e o f o ld s t o c k .
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8 0 % In n e w p r e fe r r e d s t o c k .
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$ 5 ,6 6 2 ,3 5 7
.........................
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3 ,0 6 0 ,1 6 6 ................... ..
P r e f, $ 3 , 2 0 0 ,0 0 0 , 5 % n - c ,( $ 1 0 0 ) ....................................
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o n d o m a n d . T h e o ld in c o m e b o n d s , w it h t h e e x c e p t io n o f a b o u t $ 1 4 0 ,0 0 0 ,
a r o h e ld In t h e t r e a s u r y o f t h e r a ilw a y c o m p a n y .
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a n e x t e n s io n c o m p r is in g 4 m ile s m o r e o f d o u b le t r a c k . T o t a l s in g le t r a c k ,
22 m ile s .
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1907.
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S e c . a n d T r e a s ., W illia m V G r iffin , 1 1 1 7 M e r c h a n ts ’ L o a n A T r u s t B l d g . ,
C h ic a g o .— V . 8 4 , p . 2 1 8 , 5 6 9 , 9 9 6 ; V . 8 6 , p . 3 3 7 .
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METROPOLITAN WEST SIDE ELEVATED R Y — An e le c t r ic road.
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t h e o r g a n iz a t io n o f a n e w c o m p a n y ( to b e c a lle d C e n tr a l T e r m in a l C o . or
s o m e o t h e r n a m e ) w it h a t le a s t $ 4 ,0 0 0 ,0 0 0 c a p it a l s t o c k , t o t a k e o v e r t h e
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t h e p la n (V . 8 8 , p . 1 5 5 9 ) , b u t la t e r n e g o t ia t io n s w e r e a g a in r e n e w e d .
F o r e c lo s u r e p r o c e e d in g s h a v e b e e n b r o u g h t b y t h e R o y a l T r u s t C o ., C h ic a g o
D a te.
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V .8 9 ,p . 102.
M tg e fo r $ 1 ,0 0 0 ,0 0 0 , c u r r e n c y ____
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— V . 87 . p . 1478, 37 4 .
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North Side Electric Street Railway.
c lo s u r e o n J a n . 4 1 8 9 9 .
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D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
e x p ir e s A p r . 7 1 9 4 2 . V o t in g t r u s t e x p ir e d F e b . 1 1 9 0 4 . V . 7 8 . p 3 4 3 .
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g o l d ..............................................c*< C e n t. T r u s t C o ., N . Y . , a n d G . S h e r m a n , T r .
Im p ro v e m e n ts.
V . 8 6 , p . 1160: V . 8 7 , p . 1 3 0 1 , 1479: V . 8 8 , p . 1 3 1 4 .
I n t e r e s t a t C e n t . T r u s t C o ., N . Y . a n d C h ic .
1901
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m o r t g a g e . $ 5 ,0 0 0 ,0 0 0
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( $ 1 ,0 0 0 ) . g o ld , r e d . a t 1 0 5 ■ o r th e r n T r u s t C o ., C h ic a g o , T r u s t e e .
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
o n a n y I n te r e s t d a y o n 4 I n t e r e s t a t c o m p a n y ’s o f fic e In C h ic a g o , or
C e n tr a l T r u s t C o ., N e w Y o r k .
1 s t m t g e , $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 1 1 8 0 4
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bonds
( $ 1 ,0 0 0 ) .
I n t . a t M e rc h . L o a n A T r . C o ., C h ic ., T r u s t e e .
S ee rem arks
— V . 88, p . 1314.
T h e e x t e n s io n m o r t g a g e o f 190 1 c o v e r s t h e e x t e n s io n a s a fir s t l ie n ,
Chicago & North Shore Street R ailw ay.
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D e fa u lt — D e f a u l t In p a y m e n t o f I n t e r e s t o n b o n d s o c c u r r e d J u l y 1 1 9 0 9 . a ls o 6 8 c a r s , a 3 ,5 0 0 H . P . e n g in e a n d t h e n e w d o w n -t o w n te r m in a l; t h e
I n f J u ly 1 9 0 9 J u d g e G r o ssc u p e x t e n d e d th e r e c e iv e r s h ip t o I n c lu d e t h is c o m b o n d s a ls o c o v e r t h e r e s t o f t h e p r o p e r ty a s a s e c o n d l ie n , s u b j e c t t o t h e
p a n y a n d a ls o a u t h o r iz e d t h e Issu e o f r e c e iv e r ’s c e r t ific a te s to c o v e r c o s t o f $ 1 0 ,0 0 0 ,0 0 0 first m tg e . V . 7 2 , p . 1 080; V . 7 5 , p . 29: V . 8 6 , p . 1 1 6 0 .
T h e c o lla t e r a l b o n d s o f 1 9 0 6 a r e p a y a b le s e r ia lly , $ 5 0 ,0 0 0 e a c h s ix m o n t h s ,
im p r o v e m e n t s . V . 8 9 , p . 1 0 2 .
D a te.
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fr o m A p ril 1 190 7 t o O c t. 1 1 9 1 2 ; t o t a l Issu e w a s $ 6 0 0 ,0 0 0 , b u t $ 5 0 ,0 0 0 ,
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g o l d ................... ..........................c* (S u b j e c t t<> c a ll a t 105 a n y A p ril 1 a f te r 1 9 0 5 .
b o n d s fo r e a c h $ 5 0 ,0 0 0 o f p r e s e n t I s su e . T h e y a r e r e d e e m a b le o n a n y I n t.
T h e b o n d s a r e g u a r a n t e e d b y e n d o r s e m e n t b y t h e N o r t h C h ic a g o E le c tr ic d a y o n 3 0 d a v s ’ n o t ic e a t 101 a n d I n t e r e s t . V . 8 4 , p . 1 1 1 4 .
R y . , a n d t h e s t o c k Is g u a r a n te e d 6 % p e r a n n u m b y t h e s a m e c o m p a n y .
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T h e fisc a l y e a r w a s c h a n g e d In 1 9 0 6 t o e n d D e c . 31 I n s te a d o f F e b - 2 8 .
B o t h d l v . a n d i n t . h a v e b e e n p a id t o d a t e .
In te re st Is p a id In N e w Y o rk b y C h a se N a t io n a l B a n k a n d In C h ic a g o a t 1 0 0 8 r e p o r t w ill b e f o u n d In V . 8 8 . p . 4 4 9 . F ig u r e s b e lo w c o v e r t h e c a le n d a r
I llin o is T r u s t A S a v in g s B a n k , T r u s t e e .
V . 8 7 , p . 1 4 78; \ . 8 9 , p . 1 0 2 .
y ea rs 1908. 1907, 1906 and 1905.
1005.
1006.
1007.
R E P O R T o f C h ic a g o C o n s ll.la t e d T r a c t! ui for y e a r s e n d in g A u g 31
1908.
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R O A D .— T h e p r o p e r ty e m b r a c e d In t h e c o n s t it u e n t c o m p a n ie s c o n s is t s
o f 1 8 4 .8 14 m ile s o f s in g le - tr a c k e le c t r ic s tr e e t r a ilw a y , lo c a t e d In t h e C ity o f
C h ic a g o , t h e t o w n s h ip o f C ic e ro a n d t h e c it y o f E v a n s t o n , a ll In C o o k
C o u n ty . T h e lin e s e x te n d o v e r t h e e n tir e n o r t h , n o r t h w e s t , w e s t a n d
s o u t h w e s t s e c t io n s o f t h e C it y o f C h ic a g o , a n d c o n n e c t a t th e ir r e s p e c t iv e
te r m in a l p o in t s w i t h t h e lin e s o f t h e C h ic a g o R a i lw a y s C o ., o v e r w h ic h
p a s s e n g e r s a r e c a r r ie d o r ig in a t in g o n t h e lin e s o f t h e C o n s o lid a te d T r a c t io n ,
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O rd e. T r a n s fe r a n d G en er a l O ff ic e s , 4 5 W a ll S t . , N . Y . , a n d 1 8 4 L a .Salle
S t . , C h ic a g o .— V . 8 7 , p . 1 6 5 , 3 4 6 , 4 1 4 , 1 2 9 9 , 1 3 5 7 , 1 4 1 9 , 1 4 7 7 ; V . 8 8 , p .
9 9 , 29 3 , 3 7 4 , 1 1 2 7 , 1 3 1 2 , 1559; V . 8 9 , p. 10 2 .
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O R G A N I Z A T I O N .— O n J a n . 18 1 8 0 6 o b t a in e d a 2 0 - y e a r f r a n c h is e fo r a
s y s t e m o f lin e s fro m t h e D e a r b o r n S t a t i o n , s o u t h o n P l y m o u t h a n d C u sto m
H o u s e P la c e s , a n d D e a r b o r n S t r e e t t o 2 2 d S t r e e t , c o n n e c t in g a t 1 8 th S t r e e t
w it h t h e R a ilw a y s C o ., a t A r c h e r A v e n u e w it h t h e C h ic a g o C ity R y . ,
a n d a t 2 2 d S t r e e t w it h t h e C h ic a g o G en er a l R y . . a n d In F e b r u a r y 1 8 9 7
a d d it io n a l fr a n c h is e s w e r e g r a n t e d , w h ic h , t o g e t h e r w it h t h e tlr s t-n a m e d ,
c o v e r 5 6 m ile s o f t r a c k . I s In o p e r a tio n fr o m D e a r b o r n S t a t io n s o u t h t o
2 2 d S t . , e m b r a c in g 2 H m ile s o f s in g le t r a c k . T h e c o m p a n y h a s a g r e e d to
p a y t h e c it y 5 % o f g r o ss fo r s e c o n d fiv e y e a r s o f f r a n c h is e , 7 H % fo r th ir d
l iv e y e a r s a n d 1 0 % fo r la s t fiv e y e a r s .
STO C K A N D B O N D S .
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 5 ,0 0 0 ,0 0 0 .........................
S t o c k $ 5 ,0 0 0 ,0 0 0 ......................................................................
F ir s t m o r t g a g e g o ld ................. / 189 6
5 g A -O
a b t . 5 0 0 ,0 0 0
O ct. 1010.
1 I n t e r e s t a t M o r to n T r u s t C o ., N e w Y o r k .
M o r tg a g e a u t h o r iz e s a fir st Issu e o f $ 3 ,0 0 0 ,0 0 0 , t h e n $ 2 ,0 0 0 ,0 0 0 fo r e x
t e n s io n s , a n d a d d it io n a l a m o u n t s a t 8 5 % o f c o s t o f s t ill f u r th e r e x te n s io n s
a n d I m p r o v e m e n t s . T r u s t e e s , O h le a g o T it le A T r u s t C o , o f C h ic a g o a n d
S t a t e T r u s t C o . (n o w M o r to n T r u s t) o f N e w Y o r k .
,
O F F I C E R S .— P r e s ., C ecil P a g e ; S e c . a n d T r e a s ., J o s . D . G o o d m a n ,
C h ic a g o .
O ffic e , 3 5 6 D e a r b o r n S t r e e t , C h ic a g o .— V . 6 6 , p . 1 1 8 8 ,
B a l a n c e ......... ..................s u r .$ 2 6 1 ,4 1 5 s u r .$ 3 9 1 , 7 8 5 s u r . $ 3 7 0 ,2 7 0 s u r .$ 3 1 7 ,3 6 0
D I V I D E N D S . — F ir s t d iv id e n d o n p r e f. s t o c k , 214 % , F e b . 2 8 1 0 0 0 ( o u t
o f e a r n in g s fo r y e a r e n d in g F e b . 2 8 1 9 0 0 ); t h e n 2 % A u g . 31 1 0 0 0 , 1 H %
F e b . 1 9 0 1 ; A u g . 31 1 9 0 1 , 2 %; F e b . 2 8 1 9 0 2 , 1 %; A u g . 3 0 1 0 0 2 , 1 J ^ % ;
F e b . 2 8 1 9 0 3 , i M % ; In 1 0 0 7 , M a rch 3 0 , H %; J u n e 2 0 . *4% : S e p t . 3 0 ,
i %; t h e D e c . p a y m e n t w a s o m it t e d . N o n e s in c e to S e p t 1 0 0 9 . ’
R O A D .— F r o m t e r m in a l s t a t io n a t 5 t h A v e . w e s t e r ly a b o u t 6 H m il e s ,
w it h b r a n c h e s ; t o t a l le n g th o f r o a d (I n c lu d in g D o u g la s P a r k b r a n c h a n d
e x t e n s io n a n d G a rfield P a r k b r a n c h ) , 1 8 .4 9 m ile s; t h e fir st 1 .6 7 m ile s a r e
fo u r t r a c k s , t h e r e s t t w o t r a c k s , m a k in g s in g le - tr a c k m ile s 4 0 .1 4 ; a lso le a s e s
t h e U n io n E l e v a t e d , 0 .3 8 m il e , t h e U n io n C o n s o lid a te d E l e v a t e d R R . , 4
m ile s , a n d le a s e s 3 .3 m ile s fr o m A u ro r a E lg in A C h ic a g o R R . T o t a l o p e r
a t e d 5 0 .5 m ile s o f t r a c k , e x c lu s i v e o f s id e t r a c k s .
R ig h t o f w a y Is o w n e d
In f e e .
E q u ip m e n t J a n . 1 1 9 0 9 c o n s is t e d o f 2 2 5 m o to r c a r s, 1 8 3 c o a c h e s
a n d 7 9 c o n t r o l- c o a c h e s a n d 17 m is c e lla n e o u s .
G a u g e, 4 ft. 8
In.
O n M a rch 11 1 9 0 5 t h e c a r s o f t h e A u r o r a E lg in A C h ic a g o R y . b e g a n
o p e r a tin g o v e r t h is c o m p a n y ’s lin e s t o t h e 5 t h A v e . t e r m in a l u n d e r a t r a f f ic
a g r e e m e n t , t h e M e t. W e s t S id e , in t u r n , s e c u r in g t h e r ig h t t o t h e t e r r ito r y
w e s t o f t h e 5 2 d A v e . te r m in a l o n t h o G a rfield P a r k lin e a s fa r a s t h e D e s
P la in e s R i v e r , a b o u t 3 .3 m ile s d o u b le t r a c k . V . 7 9 , p . 1 7 0 4 .
O F F I C E R S .— P r e s ., H o w a r d G . H e t z le r ; V . - P . , C h a s H . R e o u a : S e c .
a n d T r e a s .. P a u l D . S e x t o n ; A s s t . S e c . a n d A s s t . T r e a s .. W . F . H o l z ;
A u d it o r , T . B . M a c R a e ; G en . M g r .. B . I . B u d d . O ff ic e , 1 6 0 J a c k s o n B o u le
v a r d . C h ic a g o .— V . 8 8 , p . 3 7 5 . 4 4 9 . 1 3 1 3 .
<
4
NORTHWESTERN ELEVATED RR.
P ro p o sed E levated M e rg e r .— F o r p r o p o s e d m e r g e r w it h o t h e r e le v a t e d
ro a d a n d t e n t a t iv e te r m s o f le a s e s , s e e r e fe r e n c e u n d e r M e tr o p o lit a n W e s t
S id e a n d V . 8 8 , p . 1 2 5 2 , 6 8 6 .
.
O R G A N I Z A T I O N .— R o a d w a s f o r m a lly o p e n e d fo r b u s in e s s o n M a y 31
1900.
V . 7 0. p . 1049.
I n S e p t . 1901 t h e U n io n E le v a t e d R R . w a s a c q u ir e d . T h e n e w m o r t g a g e
Tor $ 2 3 ,0 0 0 ,0 0 0 w a s a u t h o r iz e d fo r t h is p u r p o s e a n d fo r r e fu n d in g t h e 5%
b o n d s a n d fo r e x t e n s i o n s , & c.
A n a d d it io n a l $ 3 ,0 0 0 ,0 0 0 o f t h e s e b o n d s w a s Issu e d In A u g . 1 9 0 6 t o p r o
v id e fo r t h e R a v e n s w o o d e x t e n s i o n , a n d a u t h o r iz e d a m o u n t o f p r e fe r r e d
s to c k w a s I n c r e a s e d t o $ 2 5 ,0 0 0 ,0 0 0 t o p r o v id e fo r c o n v e r tib le f e a t u r e o f
new b o n d s. S e e V . 83 p . 43 6 .
STO C K A N D B O N D S—
D ate.
In terest O u tsta n d in g .
M a tu r ity .
S t o c k , $ 5 ,0 0 0 ,0 0 0 ...................................................................
$ 5 ,0 0 0 ,0 0 0
............ - - - - - P r e f s t o c k , 5 % , $ 2 5 , 0 0 0 ,0 0 0 . .
n o n -c u m .
5 , 0 0 0 ,0 0 0 O c t l 8 , ’0 9 .1 %
F ir s t
r e fu n d in g
m o r t g a g e ,1 190 1
4 g M -S
1 8 ,0 0 0 ,0 0 0
S e p t 1 1911
$ 2 5 ,0 0 0 ,0 0 0 ,
conv,
g o l d i l n t e r c s t a t I llin o is T r u s t & S a v in g s B a n k ,
( $ 1 ,0 0 0 , $ 5 ,0 0 0 , $ 1 0 , 0 0 0 ) . !
C h ic a g o . T r u s t e e , o r B la ir & C o ., N . Y .
B o n d s . — O f t h e n e w $ 2 5 ,0 0 0 ,0 0 0 m t g e . , p r e s e n t Issu e Is $ 1 8 ,8 5 0 ,0 0 0 , o f
w h ic h $ 1 5 0 ,0 0 0 r e m a in s In t h e t r e a s u r y a v a ila b le fo r I m p r o v e m e n t s , & e.
T h e n e w b o n d s are c o n v e r tib le a t t h e o p t io n o f t h e h o ld e r In to p re fe r r e d
s t o c k , a n d c a n b e r e d e e m e d a t a n y t im e a t t h e o p t io n o f t h e c o m p a n y a t
102 .4 a n d a c c r u e d I n te r e s t o n o r a f te r S e p t . 1 1 9 0 6 .
I f c a lle d for r e d e m p
t lo n , t h e h o ld e r w ill h a v e t h e r ig h t e v e n t h e n t o t a k e p r e fe r r e d s t o c k In
lie u o f c a s h .
V . 72, p. 1081.
V oting T r u s t. — B o t h t h e c o m m o n a n d p r e fe r r e d s t o c k s h a v e b e e n d e p o s
i t e d w it h t h e I llin o is T r u s t & S a v in g s B a n k , d e p o s it a r y , u n d e r v o t in g t r u s t
a g r e e m e n t , v e s t i n g c o n t r o l o f t h e c o m p a n y In t n e h a n d s o f t h e v o t in g tr u stt e e s , c o n s is t in g o f J o h n J . M itc h e ll, C h a u n c e y K e e p a n d J a m e s A . B la ir ,
u n til M arch 1 1 9 0 6 , o r u n t il d iv id e n d s s h a ll h a v e b e e n p a id fo r th r e e c o n
s e c u t i v e y e a r s o n p r e fe r r e d s t o c k .
R E P O R T .— F o r y e a r s e n d in g J u n e 3 0 (I n c lu d in g U n io n E le v a te d ) s e e
V . 8 / p. 810.
Y ear—
O ross.
N e t.
Charges.
S u r p lu s .
1 9 0 8 ....................................$ 2 ,4 6 3 ,1 8 8
$ 1 , 4 9 8 ,0 7 0
$1 1 4 7 183
$ 3 5 0 ,8 3 7
1 9 0 7 ..................................... 2 .1 0 0 ,3 1 6
1 ,3 5 6 ,0 1 2
1 ,0 0 8 ,4 3 4
3 4 7 ,5 7 8
1 9 0 6 ..................................... 1 ,9 4 8 ,7 2 7
1 ,2 4 3 ,1 5 4
9 6 2 ,6 5 6
2 8 0 ,4 9 8
1 ,1 6 9 ,7 8 6
9 5 2 ,6 2 7
2 1 7 ,1 5 9
1 9 0 5 ..................................... 1 ,7 8 6 ,4 1 4
D iv id e n d s . — A n I n itia l d iv id e n d o f 1% w a s p a id o n p r e f. O c t . 18 1 9 0 9 .
R O A D .— T h e r o a d s ta r t s a t t h e I n te r s e c tio n o f W ils o n a n d E v a n s t o n
a v e n u e s . 7 m ile s fro m t h e C o u rt H o u s e , a n d h a s 5 .5 2 m ile s o f fo u r -tr a c k
a n d .92 m ile d o u b le t r a c k , m a k in g 2 3 .9 2 m ile s o f s in g le t r a c k .
R ig h t of
w a y Is a ll o w n e d In fo e o x c o p t a t s tr e o t c r o s s in g s .
A n e x t e n s i o n o f 4 .5 9
m ile s o f d o u b lo tr a c k t o R a v e n s w o o d w a s p u t In o p e r a tio n In M a y 1 9 0 7 .
T o t a l t r a c k , 3 1 .1 0 m ile s .
U n d e r a n o p e r a tin g a g r e e m e n t w it h t h e C h ic a g o M ilw a u k e e & S t . P a u l
R a ilw a y C o. m a d e In 1 9 0 7 . th is c o m p a n y ’s s e r v ic e w a s e x t e n d e d M a y 10
190 8 t o E v a n s t o n o v e r th e E v a n s t o n D iv isio n o f th e fo r m e r r o a d , w h ic h
h a s b e e n e le c t r if ie d .
A ll tra c k o p e r a te d (a ll l in e s e x c e p t l o o p ) , J u n e 3 0
1 9 0 8 . 5 1 .2 7 m ile s.
O F F I C E R S .— P r e s .. M a so n B . S ta r r in g ; V . - P ., C la r e n c e B u c k in g h a m ;
S e e . a n d T r e a s ., W . V . G riffin ; G e n . M g r ., E . C. N o e; A n d ., U . H . W illia m s .
D i r e c t o r s .— C la r e n c e B u c k in g h a m , J . L . C o c h r a n , VV. V . G r iffin , C h a u n
c e y K e e p , C h a rle s F . A y e r , M a so n B . S ta r r in g , W . W . M iller , S e y m o u r
M orris a n d S a m u e l M c R o b c r t s .— V . 8 0 , p . 4 2 1 , 1285; V . 8 7 , p . 8 1 0 . 1534;
V . 8 8 , p . 5 0 7 , 0 8 0 , 1128; V . 8 9 , p . 2 8 7 .
(1) Union Elevated Railroad.
Is u se d b y a ll t h e C h ic a g o e le v a t e d r o a d s , a n d r e c e iv e s 4 % fo r e a c h
p a s s e n g e r c a r r ie d , b e s id e s a ll e x p e n s e s fo r o p e r a tin g , r e p a ir s a n d t a x e s .
BO N D S—
D ate.
Interest. O u tsta n d in g .
M a tu r it y .
1 s t m tg e , $ 5 ,0 0 0 ,0 0 0 ,g ( $ l , 0 0 0 ) 18 9 5
5 g A -O
$ 4 , 4 8 2 ,0 0 0 O c t 1 1 9 4 5
Interest a t C h a se N a t . B a n k , N . Y ., a n d 111. T r u s t & S a v . B a n k , C h ic a g o .
B o n d s . — O f t h e $ 5 ,0 0 0 ,0 0 0 b o n d s I s su e d , $ 5 1 8 ,0 0 0 a r e In t h e t r e a s u r y .
R O A D .— T h e lo o p Is 1 .9 8 m ile s In le n g t h , d o u b le tr a c k e d (8 0 -lb . r a il s ) ,
a n d r u n s o n L a k e S t . t o W a b a s h A v e ., t o V a n B u rc n S t ., t o F i f t h A v e . , to
Lake S t.
H o a d o p e n e d O c t. 10 1 8 9 7 . T r a in s o f t h e C h ic a g o & O a k P a r k
M e tr o p o lita n W e s t S id e . N o r th w e s te r n E le v a t e d R R . a n d S o u t h S id e
o p e r a te o v e r t h e lo o p .
N o r th w e s te r n E le v . a ls o o w n s .1 8 m ile o f d o u b lo
tr a c k fro m c o n n e c tio n w it h lo o p a t V a n B u rc n & S t a t e s tr e e t s to c o n n e c tio n
w it h S o u t h S id e E l. R R ., w h ic h Is le a s e d t o th e la t t e r .
SOUTHERN STREET RY. CO.— A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is a s a r e o r g a n iz a t io n o f t h e
C h ic a g o G en er a l I t y . , w h ic h w a s b id In a t fo r e c lo su r e s a le o n S e p t . 3 0 1 9 0 7
b y t h e S o u t h e r n S t r e e t R a ilw a y C o .
V. 85, p. 863.
O perating A g ree m en t w ith Chicago C ity Iiy . C o. — O n A p ril 1 1 9 0 9 , t h e
o r d in a n c e b y w h ic h t h e C h ic . C ity R y . o p e r a te s t h e p r o p e r ty w e n t In to e ffe c t
w h e n t h e C it y C o m p a n y t o o k p o s s e s s io n a n d b e g a n o p e r a tin g w it h 2 5 n e w
o a r s, r e tir in g a n e q u a l n u m b e r o f o ld o n e s . T h e $ 8 0 0 ,0 0 0 1 s t 5s o f 19 0 4
w e r e a ll r e tir e d , a n d t r u s t d e e d r e le a s e d , a n d n e w b o n d s w ill p r o v id e fo r
r e h a b ilita t io n r e q u ir e m e n ts a n d fo r r e fu n d in g o f o ld l s t s .
T h e C h ic . C it y
R y . o p e r a te s t h e p r o p e r ty a n d th e In c o m e th e r e fr o m (a ft e r a llo w in g 5%
r e tu r n o n th e I n v e s tm e n t ) w ill be d iv id e d b e t w e e n t h e c it y a n d t h e S o u t h e r n
c o m p a n y u n d e r t h e t e r m s o f th e o r d in a n c e a s In V . 8 8 , p . 1 0 0 3 , 5 5 % g o in g
t o th e c it y a n d 45 % t o t h e S o u t h e r n . T h e c it y p u r c h a s e p r ic e a s llx e d b y
t h e o r d in a n c e Is $ 7 5 0 ,0 0 0 .
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 8 0 0 ,0 0 0 ( $ 1 0 0 ) . ...................... ..
.................
$ 8 0 0 ,0 0 0 .............. ..........
1 st m o r t g a g e _________________ { 1 9 0 9
5%
S e e t e x t F e b 28 1 9 2 7
( F ir s t T r u s t & S a v . B a n k , T r u s t e e .
B o n d s a r e l im it e d o n ly b y c o m p a n y ’s r e q u ir e m e n ts u n d e r c it y o r d in a n c e
fo r r e tir in g o ld b o n d s ( $ 8 0 0 ,0 0 0 a ll d is c h a r g e d ) a n d fo r a d d it io n s a n d im
p ro v em en ts.
$ 7 7 5 ,0 0 0 a r e n o w Issu ed a n d o u t s t a n d in g .
R O A D .— O w n s 21 m ile s o f tr a c k : e x t e n d s fr o m W a b a s h A v e . t o 4 0 t h
A v e . o n 22d S t . , a ls o o n 2 5 th S t . , L a w n d a le A v e . K e d z le A v e . , H o m a n
A v e . an d T h roop S t.
O p e r a te s 32 c a r s.
O F F I C E R S .— P r o s ., J a m e s C. C le a r y , 16 0 8 W . 2 2 d S t . , C h ic a g o ; S e e . a n d
A s s t . T r e a s ., A lle n R . S m a r t, C h ic a g o .
V . 88 , p . 1003, 1063.
SOUTH SIDE ELEVATED RR.—(“ Alley Elevated’’)—An electric ele
vated road.
•
O R G A N I Z A T I O N .— S u c c e s so r J a n u a r y 1 8 9 7 t o C h ic a g o & S o u t h S id e
R . T . R R . ( fo r e c lo s e d p e r plan V . 6 3 , p . 1 1 5 8 ) . J u ly 31 1 9 0 0 t h e A p p e lla t e
C o u r t s u s t a in e d t h e v a l id i t y o f t h e fo r e c lo su r e (V . 7 1 , p . 2 3 6 ) , a n d o n F e b .
21 190 2 t h a t d e c is io n w a s c o n c u r r e d In b y t h e S t a t e S u p r e m e C o u r t.
V. 74,
p . 4 7 7 . F ra n ch ise e x p ir e s M a rch 2 6 1 9 3 8 .
L e a s e s t h e C h ic a g o J u n c t io n
H R . , w h ic h s e e b e lo w .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g . 'M a tu r ity .
S t o c k , $ 1 0 ,3 2 3 ,8 0 0 ____ _____
Q -M
$ 1 0 ,2 3 1 ,4 0 0 M a r 3 ' 0 8 , 4
1 s t m o r t g a g e , $ 8 ,0 0 0 ,0 0 0 , g \ 1 9 0 4
4 4 g J -J
8 ,0 0 0 ,0 0 0 D e c 31 1 9 2 4
($1 0 0 0 ) ...................... .............c * / I n t . a t 111. T r . & S a v . B a n k , C h ic ., T r u s t e e .
B o n d s . — T h e n e w b o n d s arc s u b j e c t to c a ll o n o r a f t e r J a n . 1 1 9 1 0 a t 105
a n d I n te r e s t.
.
. . .
...
D iv id e n d s . — F ir s t d iv id e n d o f 1 % (o u t o f e a r n in g s fo r fo u r m o n t h s e n d in g
A p r il 30 1899) w a s p a id M a y 1 1 8 9 9 ; t h e n S e p t . 1 , 1 % ; D e c . 3 0 1 %.
In
1 9 0 0 .3 % .
In 1 9 0 1 , 3 4 % .
In 1 9 0 2 . 4 % .
In 1903, 4 % .
In 1 9 04, 4 % .
In 1 9 0 5 , 4 % .
In 1 9 0 0 , 4 % .
In 1 9 0 7 , 4 % .
In 1 9 0 8 , M a r c h , 4 %; n o n e
s in c e .
A N N U A L R E P O R T .— F o r y e a r s e n d in g D e c . 31 1 9 0 8 , r e p o r t In V .
8 8 , p. 37 1 .
P a s s e n g e r s c a r rie d In 1 9 0 8 , 4 2 ,9 9 4 ,6 1 0 .
1908.
1907.
I
1908.
1907.
$ 4 3 9 ,5 0 8
G ross r e c e ip t s $ 2 .2 4 1 ,6 9 0 $ 2 ,1 0 5 ,1 9 3 S u r p lu s .............. $ 2 3 4 ,0 0 4
N e t, a ft. ta x es
6 7 0 ,0 2 4
6 1 5 ,4 4 7 D iv id e n d s . . .
7 6 ,7 2 2
4 0 9 ,1 8 7
I n t e r e s t ............ • 4 3 0 ,6 2 0
* 2 0 5 ,9 3 9 1D a l. for y e a r . .
1 5 7 ,2 8 2
3 0 ,3 1
* I n c lu d e s In 190 8 $ 7 6 ,6 2 0 a n d In 1907 $ 9 ,0 0 4 r e n ta l p a id t o C h ic a g o
J u n c t io n R y .
R O A D .— O w n s e le v a t e d r o a n in o p e r a tio n In C h ic a g o u p o n a p u r c h a s e d
r ig h t o f w a y fro m C o n g re ss S t . t o J a c k s o n P a r k . E le c t r i c i t y w a s I n tr o d u c e d
a s m o t iv e p o w e r l a t e In A p r il 1 8 9 8 . O p e r a te s 3 7 0 m o to r a n d 3 0 tr a il c a r s .
T h e e x t e n s i o n to E n g le w o o d a n d t h e l .a k e A v e . e x t e n s i o n a r e n o w b o th
b e in g o p e r a t e d .
O n 1 5 .0 7 m ile s o f s tr u c t u r e h a s a t o t a l o f 3 6 .5 1 m ile s o f
s in g le t r a c k . I n c lu d in g e x t e n s i o n s .
A ls o le a s e s C h ic a g o J u n c t io n R R .,
w h ic h s e c b e lo w .
O F F I C E R S .— P r e s , a n d G en . M g r ., C h a r le s V a le n t in e W e s to n ; V . P . .
N o b le B . J u d a h ; S e c . a n d P ic a s, H o r a c e F . T fa rd v . O ff ic e . 4 7 C o n g r e s s
S t . , C h ic a g o .— V . 8 6 , p . 1 0 9 , 2 8 6 , 334, 3 3 8 , 6 0 4 , 1 4 6 8 ; V . 8 8 , p . 2 9 6 , 371.
(1)
Chicago Junction RR.
O R G A N I Z A T I O N .— O r g a n iz e d In t h e I n te r e s t o f t h e S o u t h S id e E le v a t e d
R R . to b u ild lin e s t o c o n n e c t t h a t c o m p a n y ’s tr a c k w ith t h e S t o c k Y a r d s .
O n ly a n o m in a l a m o u n t o f s to c k h a s b e e n Issu ed ( $ 5 0 ,0 0 0 ) , w h ic h Is h e ld In
t r u s t for t h e S o u t h S id e E le v a t e d In c a s e t n a t c o m p a n y s h o u ld a t a n y t im e
w is h t o a b s o r b It.
I s le a s e d to t h e S o u t h S d e E le v a te d fo r 5 0 y e a r s ( w ith
r ig h t t o p u r c h a s e a t c o s t w it h in 20 y e a r - ) , r e n ta l b e in g I n t e r e s t o n b o n d s ,
t a x e s , A c . F ra n ch ise s are w it h o u t lim it .
ST O C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k _________________________________
________
See te x t.
____________
1 s t m t g e , $ 2 ,3 2 7 ,0 0 0 , g o ld l 1 9 0 5
4 g M -S
$ 2 ,3 2 7 ,0 0 0 M c h 1 1 9 4 5
( $ 1 ,0 0 0 ) , g u a r p & I____ c*J F ir s t T r u s t & S a v . B a n k , C h ic a g o , T r u s t e e .
B o n d s . — A r e s u b j e c t t o c a ll o n a n d a f te r M a rch 1 1 9 1 0 a t 1 0 5 a n d I n t e r e s t .
In e v e n t o f c o n s o lid a t io n w it h S o u t h S id e E l e v a t e d , t h is Issu e o f b o n d s Is
t o b e r e tir e d . V . 8 0 , d . 8 7 1 .
B o n d s a r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t ,
b y C h ic . J u n e . R y s . & U n io n S t o c k Y a r d s C o .
See V . 8 2 , p . 568.
R O A D .— C o n sis ts o f a n e le v a t e d r o a d (fr o m J u n c tio n w it h S o u t h S id e
" L ” a t 4 0 t h S tr e e t) t o t h e S t o c k Y a r d s , a n d a lo o p a r o u n d t h e s a m e , 3 .7 5
m ile s .
W a s c o m p le t e d In M a y 1 9 0 8 .
O F F I C E R S .— P r e s ., J o h n A . S p o o r ; V . - P . , R ic h a r d F itz g e r a ld : S e c .,
H . E . P o r o n t o ; T r e a s ., R . B . T h o m p s o n ; A u d ., C . C . C h a c e .— V . 8 7 , p . 3 4 6
SUBURBAN RAILROAD. — A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d e r la w s o f I llin o is M a y 1 8 9 5 .
R E C E I V E R .— O n J u ly 3 0 1 9 0 2 L . S . O w s le y w a s a p p o in t e d r e c e iv e r i n te r e s t o n b o n d s b e in g In d e f a u lt .
V . 75, p. 241.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,2 5 0 ,0 0 0 ................. - .....................
..............
$ 1 ,2 5 0 ,0 0 0 ____________
1 st
m o rtg a g e ,
$ 3 ,0 0 0 ,0 0 0 ,1 1 8 9 6
5 g M -S
1 ,2 5 0 ,0 0 0 M ch 2 1 9 1 6
g o l d ................................................... /C h ic a g o T it le <s T r u s t C o ., T r u s t e e .
5
O f t h e $ 3 ,0 0 0 ,0 0 0 b o n d s a u t h o r iz e d , $ 1 ,2 5 0 ,0 0 0 w e r e Issu ed t o b u ild
t h e ro a d o w n e d a n d t o e q u ip a p o r t io n o f t h e le a s e d lin e s w it h t r o lle y .
T h e r e m a in d e r m a y b e Issu ed fo r e x t e n s io n s b u ilt a n d e q u ip p e d a t $ 5 0 ,0 0 0
p er m ile fo r d o u b le a n d $ 3 0 ,0 0 0 p e r m ile o f s in g le t r a c k .
R O A D .— O w n s 2 9 .8 m ile s o f t r a c k , e x t e n d in g fr o m t e r m in u s o f C h lc .&
O a k P a r k E le v . a t 5 2 d S t . a n d M e tr o p o lita n E l e v . a t 4 8 t h S t . , t h r o u g h c i t y
o f C h ic a g o , C ic e r o , G r o s s d a le , L a G r a n g e , & c. L e a s e s fr o m t h e C h ic a g o
T e r m in a l T r a n s fe r R R . (fo r 5 0 y e a r s) t h e C h ic a g o & S o u t h w e s t e r n r o a d t o
H a rle m r a c e t r a c k . A u s t i n , R ld g e la n d , O a k P a r k , <5cc., 1 0 m ile s o f t r a c k .
A ls o o p e r a te s % o f a m ile o f d o u b le t r a c k o f t h e C h ic a g o R iv e r s id e & L a
G ra n g e R R .
T o t a l t r a c k o p e r a te d , 3 2 .3 m ile s , a ll t r o l l e y , e x c e p t C . & S . W .
t r a c k s a lo n g W e s t 1 6 th a n d 1 9 th s t r e e t s .
O F F I C E R S .— P r e s ., F . H . R o e s c h la u b ; V . - P . , C . E . Y e r k e s ; S e c . a n d
T r e a s ., G . M . M a h er: S u p t . , J . Y V h ltsell.— V . 7 5 , p . 2 4 1 .
UNION CONSOLIDATED ELEVATED RY.
O R G A N I Z A T I O N .— F o r m e d In 1 8 9 6 a n d b u ilt fr o m U n io n E l e v a t e d a t
6 th A v e . w e s t t o M a r k e t S t .; t h e n c e t o t h e M e tr o p o lit a n W . S . E l.; t o t a l ,
1 -5 m ile o f tr a c k ; Is o p e r a te d b y t h e M e tr o p o lit a n W e s t S id e E l. F ra n ch ise
e x p ir e s O c t . 7 1 9 4 5 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g . M a tu r ity .
S t o c k ..............................................................................................
$ 1 ,0 0 0 ,0 0 0 ..........................
S e r ie s “ A ” 1 s t m t g e , g o l d .l 1 8 9 6
5 g M -N
4 5 3 ,0 0 0 N o v 1 1 9 3 6
g u p & 1 b y M et W S E l ___ J G . S h e r m a n , V . - P . , C e n . T r . C o .. N . Y .,T r u s .
M o r tg a g e $ 1 ,0 0 0 ,0 0 0 , o f w h ic h $ 5 0 0 ,0 0 0 s e r ie s “ A . ”
V . 03, p. 1065.
O F F I C E R S .— P r e s ., YVm. G . A d a m s ; V . - P . , C la r e n c e A K n ig h t ; S e c .
a n d T r e a s ., W . V . G riffin .
CHICO, CAL.
NORTHERN ELECTRIC RY.
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia S e p t . 19 1 9 0 7 a n d a c
q u ir e d t h e e n t ir e p r o p e r tie s o f t h e N o r t h e r n E le c tr ic C o m p a n y a n d S h a s t a
S o u th ern R y . C o.
T h e N o r t h e r n E le c tr ic C o m p a n y w a s I n c o r p o r a te d In
N e v a d a a n d h a s a c o n t r a c t w it h C a lifo r n ia G a s & E le c tr ic C o r p . a l lo w in g
Its c a r s to e n t e r S a c r a m e n t o .
I n 1 9 0 6 N o r t h e r n E le c tr ic C o. fr a n c h is e s
w e r e sa id to b e fo r n o t le s s t h a n 5 0 y e a r s .
STO C K A N D B O N D S—
D a te. In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 1 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................
N o. e
.......................P r e f $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 )5 % n - c ....................................
$ 5 ,0 0 0 ,0 0 0 .........................
N o r th e r n E le c Co M $ 6 ,0 0 0 .-1 1 9 0 5
5 g A -O
3 ,7 8 7 ,0 0 0 O c t 1 195 5
0 0 0 g ( $ 1 ,0 0 0 ) s in k f u n d - - l i n t , a t M e r c a n tile T r . C o ., S a n F r a n ..T r u s t e e
N o r th e r n E le c R y 1st & c o n s ) 1 9 0 7
5 g J -D
3 ,3 3 3 ,0 0 0
D e c 1 194 7
m tg e $ 2 5 ,0 0 0 ,0 0 0 g o ld ____ j l n t . a t M e r c a n tile T r . C o ., S a n F r a n ., tr u s t e e
B o n d s . — O f th e N o r th e r n E le c tr ic R y . b o n d s $ 3 ,7 8 7 ,0 0 0 a r e r e s e r v e d to
r e tir e a lik e a m o u n t o f N o r t h e r n E le c tr ic C o .’s 5 s . T h e y a r e s u b j e c t t o c a ll
on 6 0 d a y s ’ n o t ic e a t 1 1 0 .
S in k in g fu n d 1918 t o 1 9 2 7 54 % o f Issu ed b o n d s
p er a n n u m ; 1 9 2 8 to 1 9 3 7 , 1 % ; 1 9 3 8 t o 1 9 4 7 , 1 H % .
N o r t h e r n E le c tr ic C o.
b o n d s c a n b e c a lle d o n A p ril 1 191 4 or a n y l n t . d a t e th e r e a f t e r a t 1 1 0 ;
P r a c t ic a lly a ll o f t h e o u t s t a n d in g b o n d s a r e In p o s s e s s io n o f N o r t h e r n
E le c t r ic R a ilw a y .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 4 2 2 ,9 0 1 ; n e t ,
$ 1 2 8 ,5 3 1 .
F lo o d s in J a n . a n d F e b . 1 9 0 9 p r a c tic a lly s t o p p e d tr a f f ic .
R O A D .— O p e r a t e s 1 3 6 m ile s o f t r a c k b e t w e e n C h ic o , O r o v llle , Y u b a
C it y , M a r y s v ille a n d S a c r a m e n t o , w it h a b r a n c h fr o m C h ic o t o H a m ilt o n .
W h e n lln a n c la l c o n d itio n s I m p r o v e , It Is I n te n d e d to c o n s tr u c t s o m e 2 0 0
m ile s m o r e o f t r a c k . S t a n d a r d g a u g e , 6 0 - lb . T r a il.
O F F I C E R S .— P r e s ., E . R . L llle n t h a l; S e c . a n d T r e a s., N o r m a n L o g a n .
V . 8 5 , p . 865; V . 8 6 , p . 169.
CINCINNATI, OHIO.
CINCINNATI & COLUMBUS TRACTION CO.— A trolley road
O R G A N I Z A T I O N .— I n c o r p o r a te d o n J a n . 21 1 9 0 3 . F ra n ch ise s expire
In 1 9 3 0 .
I t Is r e p o r te d t h a t n e g o t ia t io n s a r e u n d e r w a y fo r t h e s a le o f t h is
r o a d t o t h e p r o ie c t e d S o u t h w e s t e r n O h io T r a c t io n C o . V . 8 9 , p . 1 0 2 .
STO C K A N D B O N D S —
D a te.
In terest.
O u tsta n d in g . M a tu r ity .
C o m m o n , $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) .........................................
$ 9 7 9 ,5 0 0
P f. 5 % c u m . $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ....................................
9 2 5 ,5 0 0 ..........................
F ir st m o r t g a g e . $ 6 0 0 ,0 0 0 ,
\ 1905
5 g J -J
6 0 0 ,0 0 0
J a n . 1 1912
g o l d _________ __________ - . c * l l n t . a t U n io n S a v . B k . & T r . C o . C l n .. T r u s .
S e c o n d m tg e n o t e s $ 2 5 0 , 0 0 0 . / ------5%
1 1 0 ,0 0 0 J u l y 1 1 9 1 2
( l n t . a t U n io n S a v . B k . & T r . C o ., C in c in n a t i.
B o n d s . — T h e d e n o m in a tio n o f th e fir st m o r tg a g e b o n d s a r e r e s p e c t iv e ly :
6 $ 5 0 ,0 0 0 ; 3 0 $ 5 ,0 0 0 ; 1 0 0 $ 1 ,0 0 0 ; a n d 1 0 0 $ 5 0 0 . T h e y c a n b e c a lle d a t
a n y t im e a t p a r .
B o n d s o r ig in a lly m a tu r e d J u ly 1 1 9 0 9 , b u t w e r e e x t e n d e d
fo r 2 Vi y e a r s .
V . 8 9 , p . 1 0 2 , 7 2 0 . S e c o n d m t g . n o t e s m a y b e c a lle d a t
a n y t im e .
R O A D .— O p e r a te s 54 m ile s o f t r a c k b e t w e e n C in c in n a t i a n d H ills b o r o ,
p u t In c o m p le t e o p e r a tio n In F e b . , 1 9 0 6 . S t a n d a r d g a u g e , 7 0 - lb . T r a il.
O F F I C E R S .— P r e s .. H . H . H o ffm a n : V . - P ., L e w is S e a s o n g o o d : 2d V . - P . ,
H e n r y B u r k h o ld ; S e c . & T r e a s ., H a r v e y J . G ib so n ; M g r ., D a n R e ld e l J r .
— V . 7 6 , p . 971; V . 8 0 , p . 1234; V . 8 5 , p . 2 2 0 , 599; V . 8 9 , p . 10 2 , 7 2 0 .
CINCINNATI GEORGETOWN & PORTSMOUTH RR.— S t e a m a n d
• le c tr le .
O R G A N I Z A T I O N .— F o r m e r ly a n a r r o w -g a u g e s t e a m r o a d , b u t In O c t .
1 9 0 1 , w a s p u r c h a s e d b y A . W . C o m s to c k o f D e t r o it , a n d In 1 9 0 2 c h a n g e d
to s ta n d a r d -g a u g e .
N o w o p e r a te s b y b o t h e lo c t r lc lty a n d s t e a m .
U nder
O h io la w r e m a in s a s te a m r o a d .
F r a n c h is e s p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r it y .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ...................................................... ..........
$ 1 ,5 0 0 ,0 0 0 ..........................
1 st m t g e . , $ 1 ,0 0 0 ,0 0 0 g o ld T 1 9 0 2
5 g J -J
1 .0 0 0 ,0 0 0 J a n . 1 1 9 3 2
( $ 1 . 0 0 0 ) _________________ c * J I n t . a t U n l o n S a v . B k . * T r .,C ln .,T r ., & In N . Y
E A R N I N G S .— F o r y e a r e n d in g J u n e 30 1 9 0 3 g r o s s , $ 1 6 4 ,4 9 3 ; In 1 9 0 6
0 7 g r o s s , $ 1 5 3 ,6 1 6 .
R O A D — O p e r a te s 4 ) m ile s fro m C in c in n a ti s o u t h e a s t e r ly t o R u s s e l l
v ille in c lu d in g b r a n c h e s o f 3 .5 m . t o B a t a v ia a n d 1 .5 m . t o C o n e y I s la n d .
An e x t e n s i o n o f 16 m ile s t o W e s t U n io n is u n d e r c o n s t r u c t io n . 'The
F e lic it y fc B e t h e l, w h ic h Is c o n t r o lle d In th e s a m e in t e r e s t , o p e r a te s 8 .5 m .
of t r a c k b e t w e e n th e p o in t s n a m e d In Its t it le .
H a s 2 2 e le c t r ic p a s s e n g e r
c o a c h e s , 4 s te a m p a s s e n g e r c o a c h e s . 4 0 fr e ig h t c a r s a n d 2 lo c o m o t iv e s .
O F F I C E R S .— P r e s ., H e n r y A . H a lg h ; .S e c., A . L . O. H e n r y , D e t r o it ,
M ic h .; G e n . M g r ., E . W . W h i t e . — V . 8 3 , p . 3 2 2 ; V . 8 7 , p . 5 4 3 .
FELICITY & BETHEL RR.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In 1 9 0 4 , a n d Is o w n e d In t h e
I n te r e s t o f t h e C in c in n a ti G e o r g e to w n & P o r t s m o u t h .
ST O C K S A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 6 5 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 1 0 5 ,0 0 0 ..........................
1 st m o r t g a g e , $ 1 0 0 ,0 0 0 . g .l 1 9 0 5
5 g A -O
1 0 0 ,0 0 0 O c t . 1 1 9 3 5
( $ 1 ,0 0 0 ) ........................... ........c * / I n t . a t U n io n S a v . B k . & T r . , C ln c ln ., T r u s t .
B o n d s . — A r e n o t s u b j e c t t o c a ll.
R O A D .— O p e r a te s 8
m ile s o f t r a c k b e t w e e n F e l ic i t y a n d B e t h e l , s t a n
d a rd g a u g e , 6 0 -lb . T r a ils .
I s o p e r a te d b y e le c t r i c it y fo r p a s s e n g e r s a n d b y
s te a m for fr e ig h t .
„
„
O F F I C E R S .— P r e s ., H e n r y A . H a lg h ; S e c ., J . C . G ln n ln g s . S J T r c a s .
_____ sin „ .
a n d G e n . M g r ., E . W . W h it e .
cas - -rtwa . . .
MAP OF THE
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A
CINCINNATI LAURENCEBURG & AURORA ELECTRIC STREET RR.
—A trolley road.
ORGANIZATION.— Incorporated In N o v ., 1808. The Union Savings
Bank & Trust Go. of Cincinnati sold $750,000 of the bonds In Jan. 1001.
and an advertisem ent stated that no dividends would be declared on the
stock for live years, so as to create a surplus fund available for betterments
and extensions. See V. 72. d . 130
In May 1004 capital stock was In
creased from $750,000 to $1,000,000 by the authorization of $250,000 6%
cumulative pref. stock, the proceeds to be used for betterm ents. F ranchises
expire In 1024 and 1025.
STOCK A N D BONDS—
D a te.
Interest. O utstan din g.
M a tu r ity .
C o m m o n . $ 7 5 0 ,0 0 0
....................................................................
$ 7 5 0 ,0 0 0
----------
Pref. 6% cu m .. $ 2 5 0 ,0 0 0 ...............
Q-J
58,000 J u ly, 08,1 H
mortgage,
$750,0001 1800
5 g J-J
750,000 July 1 1010
1st
$1,000.) gold ....................... j Interest at U n. Sav. Bk. & Tr. Co.. CIn.. Tr.
D iv id e n d s. — Dividends of 6 % on pref. stock were paid up to and Including
J u ly 1 0 0 6 .
N o n e s in c e .
EA R N IN G S.— For year ending June 30 1000, gross, $128,370; n et,
$47,138; fixed charges, $57,056; deficit, $10,818.
ROAD.— Operates 38 miles of track from Anderson's Ferry, at Cincin
nati, to Aurora, Harrison and Lawrenceburg.
D IR ECTORS.— J. O. H ooven, Pres, of Ham ilton, O., C. E. H ooven,
A. B. Vorhels, E. M. Gumpf and Stanley Shafer; Treas. and Gen. Mgr.,
C. E. Hooven, Cincinnati.— V . 78, p. 2011, 2383
assigned to the Ohio Traction (Jo., and the Cincinnati Interurban Co. placed
In liquidation. R ental, year beginning Oct. 1 1902-03, $55,000; 1903-04,
$60,500; 1904-05, $66,000; 1905-06, $71,500; 1006-07 and 1907-08
$77,000; 1008-09 and 1909-10, $82,500; 1910-11, $88,000; 1911-12,
$03,500; 1912-13 to 1014-15, $99,000; thereafter, $180,000.
STOCK A ND BONDS—
D a te.
In terest. O utstan din g, l a s t D iv .
Stock com $ 1 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) . - ____
Q-J
$1, 1 0 0 ,0 0 0 O ct.’09,J< %
Stock preferred $1,100,0001 -----Q-J
1,100,000 O c t .'09.1 H
($100) 5% cum ulative----- /
D iv id e n d s. — 5% per annum Is being paid on the preferred stock. The
first dividend on the common of H % was paid Jan. 1 1904 and M % was
again paid on April 1, July 1 and Oct. 1 1904. In 1005, 1 %; In 1906,
1 'A % ; in 1907,2% ; In 1908, 2 % : In 1900, 2 ^ % .
R O A D .— Owns and operates 31.32 miles of track from the "Zoo" In Cin
cinnati to Hamilton and 15 miles from Cincinnati to Lockland. Gauge,
5 ft. 2H Inches. Operates over tracks of Cincinnati Traction Co. from
"Zoo” to Fountain Square In Cincinnati.
O FFIC E R S.— Pres., H . H. Hoffman; V .-P ., B. L. Kllgour; Sec. and
T reas., A. J. B echt. all of Cincinnati. V . 75, p. 290. 497, 906.
CLEVELAND, OHIO.
M UNICIPAL TRACTION CO.
R eceiversh ip . — On N ov. 12 1908 Judge Tayler In a suit brought by th
Central Trust Co. of New York, trustee of three Issues of bonds of th
Cleveland R y. Co., and certain creditors who Intervened, appointed Warren
CINCINNATI MILFORD & LOVELAND TRACTION CO.
BIckncll of Cleveland and F. A. S cott receivers of theM unlclpal Trac. Co.
ORGANIZATION.— Incorporated In Ohio In S ep t., 1002, and purchased and property covered by the three mortgages. There has been no default
franchises and rights of the Cincinnati Milford & Eastern Traction Co.
In paym ent of Interest under any of the three mortgages, nor any allegation
of the Insolvency of the Cleveland R y. The receivership was granted be
STOCK A ND BONDS— D a te.
Interest. O utstan din g. M a tu r ity .
cause of the Insolvency of the Municipal company, which the Court said
Com., $1,000,000 ($ 1 0 0 )...................................................$1,000,000 ............... ........
had practically no assets, since It lost the lease of Cleveland Ry. lines at
P r e f ., $ 6 5 0 ,0 0 0 , 5% c u m .............................................
6 4 0 ,4 2 5 N o d lv . y e t
the referendum election In 1908. and also because of the chaotic conditions
1 st m o r t g a g e , $ 5 0 0 ,0 0 0 , g \ 1 0 0 5
5 g J -J
3 7 7 .5 0 0 J u ly 1 1 0 2 5
($500) ................................ c*j Int. at Prov. Sav. Bk. & Tr. Co., CIn. Trust. arising through the defeat of the franchise. The Municipal Company re
fused the request of Cleveland R y. for return of possession of lines covered
B o n d s. — Are subject to call at any time at 110. See V. 81, p. 264.
R O AD.— Will operate 41 miles of track from Cincinnati to Loveland and by lease, and receivership was granted on condition that Cleveland R y.
from Cincinnati to Blanchester. Gauge, 5 ft. 2 In.; 70-lb. rails. The line w aive Its right to claim that lease was forfeited by Insolvency of lessee com
to Milford and Blanchester, 38 miles, Is now In operation. Enters Cincin pany. The purpose of the Court Is to preserve property, possession of
w hich, It is stated. Is wrongfully w ithheld. In hope tnat a new franchise
nati over the tracks of the Cincinnati Traction Co.
„ _
O FFIC E R S.— Pres., B. H. Kroger; V .-P . and Treas., J. P. Pcurrung; may be arranged. See V. 87, p. 1301; V . 88, p. 1062.
ORGANIZATION.— Organized In 1908 with $10,000 (par $100) capital
Sec., J. Nevln Roberts; Aud., Charles J. Peurrung.— V. 81. p. 264
stock, which Is all owned by directors and officers of com pany. Formerly
INTERURBAN RY. & TERMINAL CO.— A trolley road.
leased and operated the Forest City R y ., but this latter was In 1008 consoli
ORGANIZATION.— Incorporated in Ohio on N ov. 3 1002, and Is a con dated with the Cleveland Railway Co., which the Municipal Traction now
solidation of the Cincinnati & Eastern Electric R y .. the Rapid Railway Co. leases. For terms of latter lease see that company below. The Municipal
and the Suburban Traction Co. In July 1007 obtained authority to Issue Traction undertook to operate lines on a 3-ccnt fare basis except to suburbs,
$1,100,000 pref. stock, of which $900,000 was in exchange for an equal where 5 cents was charged, with promise of universal transfers. Under city
amount of 1st m tge. bonds dated 1003. V. 85, p. 221, 460. The 1003 ordinance of April 27 1908, however (which was passed the same day the
bond Issue has been entirely canceled. In 1008 a new m tge. made, as below. lease was m ade), company had right to charge 5-ccnt cash fare, but m ust
STOCK A N D BONDS—
D a te.
In terest. O utstan din g.
M a tu rity sell 6 tickets for a quarter; If a smaller fare was charged, com pany might make
Common, $2,500,000 ($100).....................................
$2,500,000 ..................... with the consent of the City Council, such charge for transfers as should not
Increase the fare for a ride and transfer In the aggregate above the ticket
Pref.. $ 1 ,1 0 0 ,0 0 0 < $ I 0 0 > ,5 % ..............
1 ,1 0 0 ,0 0 0
---
rate of fare provided. In case the Municipal Traction failed to carry out the
F ir s t m o r t g a g e , $ 1 ,6 5 0 ,0 0 0 ,1 1 0 0 8
5 J -J .................. 1 ,6 5 0 ,0 0 0 ...................102 8
terms of Its lease, the Cleveland R y.C o. might operate Its own lines on a basis
gold________ _____ _______ /Cincinnati Trust C o., Trustee.
ROAD.— Comprises 22 miles of track between Cincinnati and New Rich of 6 tickets for 25 cents until franchise expires, In 1933. The Municipal T rac
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincin tion was said not to be organized for profit, and earnings remaining after pay
nati to Bethel. The latter section was leased In Aug. 1006 to the Union ing operating expenses, taxes and charges under lease m ust. It Is stated , be
extensions,
return
the
Gas & Electric Co. of Cincinnati, but lease canceled A ug. 31 1007. Gauge, used for Improvements and of operating the object being to charges. to The
earnings In excess
expenses and fixed
5 ft. 2 Vi In. Also owns terminal station on Sycamore S t., Cincinnati. public all are the officers given below and they are also the owners. If a
Cars enter Cincinnati over the tracks of the Cincinnati Traction Co. 70-lb. directors dies or resigns, a majority of the board has an option on his hold
director
and 07-lb. T rail. Total track, 101.4 miles, all operated.
ings of stock— see V. 86, p. 1134.
OFFICER S.— Pres., Chas. H . Davis; V .-P ., Lee H . Brooks: Sec. and
On Aug. 13 1908 cash fares (which had been 3 cents, with 1 cent additional
Treas., J. M. H u tto n .— V. 85, p. 221, 469; V. 86, p. 285.
for transfers) were Increased to 5 cents, tickets In quantities of not less than
five being sold at 3 cents each. On Sept. 1 1908 cash fares of 3 cents were
OHIO TRACTION CO.
resumed. V. 87, p. 96, 677.
On Feb. 1 1909 fares were increased to 5 cents, w ith 11 tickets for 50
This Is one of the properties controlled by the Schoepf-McGowan syndl
cents, on the old Cleveland Electric lines, except the Woodland Ave. and
cate.
ORGANIZATION.— Incorporated In Ohio on May 22 1905, and owns W est Side roads. On the two last-named lines and all the original 3-cent
practically the entire capital stock of the Cincinnati Traction Co., the Cin lines a 3-cent fare I > charged, with 2 cents extra for passage beyond the
cinnati Zoological Co. and tue Cincinnati Car Co., besides extensive holdings city lim its. V. 88, p. 375.
OFFICERS AND DIRECTORS.— Pres., A. B. du Pont; V .-P ., Frederic
In the Cincinnati & Hamilton Traction, and a large Interest In the com. and
preferred stock of the Cincinnati D ayton & Toledo Traction Co. On July 6 C. Howe: Sec., Edward Wlebenson; Treas., Tom L. Johnson; A sst. Sec. and
1905 lease of the CIn. & Hamilton Tract Co. was assigned to this company Treas., C. W . Stage; Second Asst. Treas., William Grelf. V. 87, p. 226,
by the CIn. Interurban Co. and the latter company placed In liquidation. 415, 677, 873, 036, 1011, 1089, 1301; V. 88, p. 375, 1062.
This company also acquired the property of the Traction Building Co.,
(1) Cleveland Railway Company.
which went Into liquidation.
S u it. — On Oct. 2 1908 company brought suit against the Municipal Trac
STOCK—
D a te.
Interest. O utstan din g.
L a st D lv
tion Co. to recover rental due Oct. 1. The rental was withheld because
Common, $10,000,000 ($100)....................................... $7,500,000 ......................
the company had refused, when rental was tendered, to stipulate th at the
Pref., $10,000,000 5% cum ............
Q-F
8,500,000 A u g'09,1^ % money would be applied on account of the paym ent of a 1 Vi% dividend;
S to ck . — Further Issues of stock can only be made for acquirement of It being deemed Inadvisable to declare a dividend a t th at tim e. V. 87,
p. 038.
other properties and additions to the present properties.
S ecu rity F ranchise N o t R a tified b y E lectors. — At a special election Oct. 22
D iv id e n d s. — First dividend on pref. stock— 1 Vi %—was paid Aug. 1
1905; In 1006, 5%; In 1007, 5%: in 1008,5% ; in 1909, Feb., 1 M % . May 1 i i % . 1908 the electors, by an adverse majority of 605 In a total of about 76,000,
declined to ratify the “security" franchise granted April 27 1908. V. 87,
AU)Ia R N IN G S.— P res. W . Kesley Schoepf in a letter to Irwin, Ballman 4 p. 1089. This has produced chaos In local traction m atters. On Aug. 3
Co. of Cincinnati, who offered some of the pref. stock In May 1905 stated 1909, at a referendum election, the Schm idt ordinance, favored by Mayor
that the actual net earnings of the combined properties for year ending Tom L. Johnson, granting to Herman Schm idt, as representative of the
Forest City R y ., a 14-year franchise on certain streets, on basis of 3-cent
Dec. 31 1904 had been $540,238.
O FFIC E R S.— Pres., W . Kelsey Schoepf; 2d V .-P ., J. B. Foraker Jr.; 3d fares, was defeated. V. 89, p. 348.
V . -P. and Gen. Mgr., Dana Stevens; Sec., W alter A. Draper; Treas. & In Oct. 1909 Judge Tayler agreed to act as arbitrator on the subject of
valuation of company’s property and maximum r a te o f fare. V . 89, p. 918.
Compt., W. H . MacAUlstcr.— V. 84, p. 669.
Maximum rate of fare Is to be based on this valuation, the company to be
(1) The Cincinnati Traction Co.—
allowed 6% on It. See editorial article on page 3 of this publication.
ORGANIZATION.— Incorporated In Ohio on Feb. 10 1001 with an
R eceiversh ip of M ortgaged P r o p e r ty . — See Municipal Traction Co.
authorized capital stock of $2,000,000 (which, all except 11 shares, Is
ORGANIZATION.— In 1908 changed name from the Cleveland
owned by the Ohio Traction C o.), to take over under lease the Cincinnati
Electric Railway Co. (which had In 1903 taken over the Cleveland City R y.)
Street R y. Co. See V . 72, p. 391.
to Cleveland Railway C o., and authorized new stock to th e amount of $35,
R E PO R T .— For 12 months ending Dec. 31 1908, gross, $4,428,278, 000,000. The old stock of Cleveland Electrlo R y. was given a valuation
against $4,450,225 In 1007. $4,297,016 In 1900 and $4,013,407 In 1905.
of $55 per share, or $12,870,000 (the stock having formerly been $23,400,
ROAD — The Clnn. St. Rwy. comprises 219.88 miles of track In the city 0 0 0 ). which valuation was agreed upon after extended conference, and
of Cincinnati, Ohio, extending also to adjoining suburbs. The last cable which was paid In new stock Issued by Cleveland Railway at a par ($100)
line was converted to electricity In June 1902, Gauge, 5 ft., 2 Vi In.
valuation. Of the Cleveland R y. stock there was reserved $8,026,000 to
OFFICER S.— Pres., W . Kesley Schoepf; Chairman Executive Com., provide for bonded Indebtedness, and $1,288,009 to cover floating debt.
W . Kesley Schoepf; V .-P ., J. B. Foraker Jr.; V .-P . and Gen. Mgr.. Dana The Forest City R y. (which had first absorbed the Low Fare R y.) was pur
Stevens; Sec., W alter A. Draper; Treas. & Compt., W . H. MacAl Ister; chased for $1,805,600 stock of Cleveland R y ., the shares o f the Forest City
Asst. Gen. Mgr., T. Fitzgerald; Gen. Supt., R. E. Lee; Chief E ng., Thos. R y.being accepted at their par ($100) value. This accounts for $23,989,600
of the $35,000,000 authorized stock, leaving a balance of $11,010,400,
Elliott; Pur. A g t., O. Burckmyer.
which Is reserved for extensions and Improvements.
(a) Cincinnati Street R ailw ay.— Electric.
Lease to M u n ic ip a l T raction C o . — Was leased April 27 1908 to Municipal
Was leased on Feb. 21 1001 to the Cincinnati Traction Co. for the un- Traction Co. for 50 years from Dec. 31 1907, w:th right to successive re
explred term of the franchise granted by the City of Cincinnati on Aug. 13 newals of 50 years by giving notice 6 months prior to expiration date. The
1896, and all successive renewals and extensions of the same. The rental franchises of the Cleveland Railway C o., w hich, according to an ordinance
Is Intended to provide dividends of 5 H % tor the first year 5 Vi to r the
assed April 27 1008 by City Council, were to run for 25 years from that
second, 5 H to r the third and 6 % for the fourth year and thereafter. V . 72,
a te , were to be renewed every ten' years, and were not at any tim e to
p. 136. The Rogers law of April 22 1896, under which franchises were have less than 15,'years of life, or the lease was to be forfeited to the Cleveland
granted, was In Aug. 1002 declared unconstitutional by the Superior Court R y. Co. D lvs. of 6% were to be paid quarterly on the first days of
at Cincinnati, but decision partly revised on rehearing. Appeal taken to April, Ju ly, October and January on all stock a t any tim e outstanding,
State Supreme Court (V. 75, p. 303, 665), and that Court on Feb. 28 1005 the first paym ent to be made July 1 1908; also an am ount to cover Int. on
reversed the lower court and upheld the constitutionality of the Rogers law. bonds, all taxes, assessm ents, license fees, &c. The ordinance of April 27
V. 80, p. 096. On April 28 1903, the Superior Court at Cincinnati declared 1908 also gave city right to purchase property at termination of street rail
unconstitutional the curative Act passed In 1002 to strengthen the franchise way grants (April 27 1933) at a price to be agreed upon by arbitration,
granted under the Rogers law. This case was appealed to the State Su
should the city acquire the legal right to buy, the laws ot Ohio not at present
preme Court, which upheld the constitutionality of the law. Franchises, perm itting municipalities to own or operate street railways. Subject to
It Is claimed by com pany, mature April 22 1946.
this option, the lessee was to have the right to purchase the property at any
ORGANIZATION.— Incorporated June 21 1880, and In 1896 purchased tim e for a sum equal to the par value plus 10%, paym ent to be made In
one of the methods described In the lease. V. 86, p. 1099. At a special
Mt. Adams & Eden Park and Mt. Auburn roads.
22 1908, the electors declined to ratify the
STOCK A ND BONDS—
P ar.
In terest. O utstan din g. L a st d iv .,A c . election, however, held Oct. V. 87, p. 1089.
franchise, as noted above.
6 Q-J
$18,511,050 See text.
Stock $20,000,000....................... 50
STOCK AND BONDS—
D ate.
Interest.
O utsta n d in g .
M a tu rity .
D IV ID E N D S .— To and Including April 1901, 5% per annum: July 1 and
$14,675,600 Jul 1’08.1H
Oct. 1 1901 and Jan. 1 and April 1 1002, 1.3125% each; July 1 1902, Oct. 1 Stock $35,000,000 ($100)---------- ------------------1893
5 g M-S
Mch 1 1913
1002, Jan. 1 1003 and April 1 1003, 1.375% each; July 1 and Oct. 1 1903 Clev Elec Ry 1st cons m tgel Int. at Central Trust6.000,000 Y ., Trustee.
($1,000) gold, not red. c*&r)
Co., N .
and Jan. 1 and April 1 1004, each 1.4375%; July 1904, \ M % \ Oct. 1004, East Cleveland RR first m ort-1 1892
5 M-S
1,000.000 March 1910
1^ % . DIvs. since have been a t the rate of 6% per annum and will so con
gage ( $ 1 ,0 0 0 ) ................. -_ lIn terest at Central Trust Co.. New York.
tlnuc to the end of lease and Its renewals.
.
5
2,128,000 Jan 1 1912
O FFICE R S.— Pres.. John Kllgour; Sec. and T reas., James A . Collins.— Cleveland dR.y, $3,179,000, g 1.'A 1909
D iv id e n s —July 1 1908,
% was paid.
V. 82, p. 452; V. 83, p. 1523; V . 84, p. 1551.
B o n d s . — Bonds of 1909 are subject to call at par and Int. on and after
(2) Cincinnati & Hamilton Traction.— A trolley road.
March 1 1910 on 60 days’ notice. V . 89, p. 41. T hey are secured by
ORGANIZATION.—This company was organized In Aug. 1902 as a deposit of $2,026,000 Clev. City Cable R y. bonds, which matured July 1
consolidation of the Mill Creek Valley Street R y. and the Hamilton Glendale 1909, and were taken up by the new Issue, and also by general lien on the
& Cincinnati Traction. V. 75, p. 497. On Sept. 30 1002 was leased to the entire property of the Clev. R y ., subject to the $1,000,000 East Clev. R R .
Cincinnati Interurban^Co. (V. 75. p. 006), but on July 6 1005 lease was bonds, which are also to be taken up by the new Issue.
§
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E A R N I N G S .— P a s s e n g e r e a r n in g s o f C le v e la n d E le c t r ic R y . o n l y lo r
c a l. y e a r 1 9 0 7 w e r e , g r o s s , $ 5 ,5 9 3 ,8 0 0 .
I n 1 9 0 0 , g r o s s , $ 5 ,7 4 3 ,5 8 7 .
R O A D .— C o n s is ts or a b o u t 2 5 0 m ile s o t t r a c k .
M o s tly 8 2 u n a u b - i d .
g ir d e r r a ils .
4 0 m ile s o f n e w tr a c k a r e t o bo c o n s tr u c t e d .
O F F I C E R S .— P r e s ., H o r a c e A n d r e w s: S e c . a n d T r e a s ., H . J . D a v ie s :
V . - P ' s . , C . F . E m e r y . J o h n J . S t a n l e y . V .8 6 .p .6 0 2 , 1 0 4 2 , 1 0 9 .). 1 2 2 3 . 1 4 4 6 ,
V . 8 7 , p . 2 2 6 . 6 7 7 , 8 7 3 , 9 3 6 , 1 0 8 9 , 1 3 0 0 ; V . 8 8 , p . 3 7 4 , lo 6 0 ; V . 8 9 , p .
41, 348, 778, 918.
land to A sh tab u la. R alls 68-lb. girder on Main Line, 75-lb. T on F a lrp o rt
Line and 70-lb. T and 90-lb. g irder on “ Shore L ine” ; 26 m o to r cars an d 8
o th e r cars. Pow er-house Is a t W illoughby. Car-houses a t W illoughby,
Palnesvllle and N o ttin g h a m .
R E P O R T .— F or years ending D ec. 31.
1908.
1907.
1906.
1905.
1904.
Gross e arn in g s.................... $295,812 $296,318 $271,100 $245,089 $225,751
E xpenses a n d ta x e s ........... 167,298 157,197 143,993 141,270 136,021
CLEVELAND SOUTHWESTERN & COLUMBUS RAILW AY CO — A
N e t.......................................$128,514 $139,121 $127,107 $103,819 $89,730
Fixed charges....................... 87,999
86,552
83,939
80,830
80,250
1f °GR G A N I Z A T IO N . — I n c o r p o r a te d In O h io o n M a r ch 4 1 9 0 7 a n d Is a
c o n s o lid a t io n o f t h e C le v e la n d & S o u t h w e s t e r n T r a c tio n C o .,' t h e C le v e la n d
A s h la n d & M a n sfie ld T r a c t io n C o. a n d t h e O h io C e n tr a l T ia c tlo n C o .
I or
fprm fl n f pxoh fln p p s e e V . 8 3 , p . 1500* A ls o o w n s t h e N o r w fllk O jis &
E le c tr ic C o.
In 1 9 0 7 a c q u ir e d $ 5 0 5 ,0 0 0 o f t h e $ 6 5 0 ,0 0 0 c o m m o n s t o c k o f
t h e M a n sfie ld R a i lw a y , L ig h t & P o w e r C o .
In 1 9 0 7 a ls o s o m e o f t h e s t o c k
h o ld e r s o f t h e S o u th w este r n ^ A c q u ir ed c o n t r o l o f t h e M o u n t V e r n o n c it y lin e s ,
b u t n o m e r g e r c o n t e m p la te d a t p r e s e n t. V . 8 0 d . 2 8 3
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity
P r e f $ 2 ,5 0 0 ,0 0 0 5 % c u m ............- - - ----------------F ir s t g e n e r a l c o n s o l m o r t g a g c l
19 0 7
5 A -O
J 9 6 .0 0 0 A p il l 1 1927
$ 1 0 ,0 0 0 , 0 0 0 ( $ l ,0 0 0 ) g c * & r ( I n t . a t C le v e la n d T r . C o .. C le v e .. T r u s t e e .
C le v e la n d & E ly r ia llr st m o r t-1 1 8 9 5
0 M -N
2 0 0 ,0 0 0 M a y 1 1 9 1 5
g a g e o n 18 m ile s ($ 5 0 0 ) / I n t e r e s t a t C it iz e n s ’ S a v in g s & T r u st C o .,
S u b je c t to c a ll M a y 1 1 9 0 5 . J C le v e la n d , T r u s t e e .
.
E ly r ia & O b e rlln first m o rt-1
1897
6 F -A
1 0 0 ,0 0 0 A u g . 1 1917
g a g e o n 9 m ile s ($ 5 0 0 ) g o l d ) I n t e r e s t a t C le v e la n d T r u s t C o ., T r u s t e e .
S u b je c t t o c a ll A u g 1 1907 '
. . . .
C le v Her E ly r & O b e rlln c o n s ]
1899
5 g M -S
1 2 7 ,0 0 0 M c h . 1 1 9 1 9
M $ 5 0 0 ,0 0 0 g ( $ 1 ,0 0 0 e a c h ) ) I n t e r e s t a t C le v e la n d T r u s t C o ., T r u s t e e .
S u b je c t t o c a ll M ch 1 1 9 0 9 . J
C le v e la n d E ly r ia & W e s te r n f
1900
5 g F -A
1 ,0 7 3 ,0 0 0 A u g . 1 19 2 0
first m o r t g a g e $ 1 ,5 0 0 ,0 0 0 ] I n t . a t C le v e . T r . C o ., C le v e ., T r u s t e e , o r a t
( $ 1 ,0 0 0 ) g o ld ___________ c & r l
N a t . B a n k o f C o m m e r c e In N . Y .
M a y be
l c a lle d a f te r 10 y e a r s a t 1 0 0 .
E ly r ia G r a fto n & S o u t h e r n ) 1 9 0 2
5 gJ J
1 0 0 ,0 0 0 J a n . 1 19 2 2
R y fir s t m o r t g a g e g u a r - ) I n t e r e s t a t C le v e la n d T r u s t C o ., C le v e la n d ,
a n t e e d b y C E & W ( $ 1 0 0 ,- 1 T r u s t e e , a n d T r u s t C o . o f A m e r ic a , N . Y . ,
0 0 0 ( $ 1 ,0 0 0 ) g o l d ..................c*J C a n b e c a lle d a t p a r o n J a n . 1 1 9 1 2 .
N o r w a lk G as & E le c tr ic fir st) 1 9 0 0
6 A -O
1 1 0 ,0 0 0 A p r il 1 1 9 2 0
m o r t g a g e $ 1 1 0 ,0 0 0 ($ 5 0 0 ) g ) l n t . a t G u a r d ia n S . & T r . C o ., C le v e la n d .
S u b je c t t o c a ll A p rtl 1 1910J T r u s t e e , o r C h a se N a t io n a l B a n k , N . Y .
C le v e la n d
& S o u th w este r n ) 1903
5 g F -A
1 ,4 0 0 ,0 0 0 F e b . 1 19 2 3
llr st a n d c o n s o l m o r t g a g e i l n t . a t G u a r d ia n S a v . & T r . C o ., C le v e la n d ,
$ 3 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g - .c & r j T r u s t e e , or T r u s t C o . o f A m e r ic a , N . Y .
O h io C T r a c fir s t m o r t g a g e / 1 8 9 9
5 g J -D
1 5 0 ,0 0 0 J u n e 1 1919
$ 1 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d - - c * t I n t . N . H a v e n T r. C o., N . H a v e n , C o n n ., T ru s.
O h io C e n tr a l T r a c t io n c o n s o ll- l 1 9 0 3
5 g M -S
2 5 0 ,0 0 0 M c h . 1 19 2 3
d a t e d m o r t g a g e $ 4 0 0 ,0 0 0 f I n t . a t C le v e . T r . C o ., C le v e la n d . T r u s t e e , or
($ 5 0 0 ) g o l d _______________c*J
a t N a t io n a l B a n k o f C o m m e r c e , N . \ .
B o n d s .— O f t h e $ 1 0 ,0 0 0 ,0 0 0 n e w b o n d s , $ 3 ,5 1 0 ,0 0 0 a r e r e s e r v e d for p rio r
H ens a n d $ 5 ,4 9 4 ,0 0 0 for e x t e n s i o n s , I m p r o v e m e n t s , & c. T h e y a r c s u b j e c t
t o c a ll a f te r 10 y e a r s a t 105 a m i a c c r u e d I n t e r e s t . T h e C le v e la n d & S o u t h
w e s t e r n b o n d s o f 1903 a r e s u b j e c t t o c a ll o n a n d a f te r F e b . 1 1 9 1 3 a t 105
a n d I n t e r e s t . $ 1 ,6 0 0 ,0 0 0 o f t h is Issu e a r e r e s e r v e d t o r e tir e c e r t a in u n d e r
l y in g b o n d s .
_
„
O f t h e C le v e la n d B e r e a E ly r ia & O b e r lln 5 s d a t e d M arch 1 1 8 9 9 , $ 3 0 0 ,0 0 0
r e m a in In r e s e r v e for t h e r e tir e m e n t a t o r b e fo r e m a t u r it y o f t h e d iv is io n a l
6 s to a lik e a m o u n t .
O f t h e $ 1 ,5 0 0 ,0 0 0 C le v e la n d E ly r ia & W e s te r n n e w
5 s , $ 4 2 7 ,0 0 0 a r e r e s e r v e d t o r e tir e p r io r lie n s . T h e O h io C e n tr a l T r a c t io n
C o . c o n s o lid a t e d b o n d s m a y b e c a lle d o n or a f t e r M a rch 1 19 0 8 u p o n 30
d a y s ’ n o t ic e a t 105 a n d In te r e s t; $ 1 5 0 ,0 0 0 o f c o n s o ls a r e r e s e r v e d t o r e tir e
a lik e a m o u n t o f fir st 5 s .
F'lrst m o r t g a g e w a s o r ig in a lly $ 2 0 0 ,0 0 0 a u t h o r
i z e d . b u t $ 5 0 ,0 0 0 c a n c e le d s u b s e q u e n t ly .
_
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 7 7 5 ,7 3 7 ; n e t , $ 2 7 4 ,1 3 5 ;
c h a r g e s , $ 2 4 3 ,5 4 4 ; s u r p lu s , $ 3 0 ,5 9 1 .
R O A D .— O p e r a te s 134 m ile s o f t r a c k In a n d fr o m C le v e la n d t o B e r e a ;
E ly r ia , O b e r lln , N o r w a lk , M e d in a . W e llin g t o n , N o r t h A m h e r s t, L o r a in ,
C r c s to n , C h ip p e w a L a k e , S e v ille . W o o s te r , L ln n d a le a n d P u r l t a s S p r i n g s
a ls o 3 0 m ile s fro m G a llo n to B u c y r u s a n d fr o m G a llo n to M a n s fie ld .
C om
p le te d In 19 0 9 a lin e 44 m ile s lo n g fr o m S e v i ll e , o n t h e m a in l in e , v ia A s h
la n d to M a n sfie ld , c o n n e c t in g t h e s y s t e m .
T o t a l t r a c k , 2 0 8 m ile s , o f w h ic h
132 m ile s a r e o n p r iv a t e r ig h t o f w a y ; 6 0 a n d 7 0 - lb . r a ils . S t a n d a r d g a u g e .
O p e r a te s 7 0 c a r s.
A lso d o e s f r e ig h t a n d e x p r e s s b u s in e s s .
C om pany ow ns
P u r lta s S p r in g s a n d S e c c a lu m P a r k a n d r e a c h e s C h ip p e w a L a k e .
A ls o
o w n s a n d o p e r a te s e le c t r ic - lig h tin g p la n t In N o r w a lk .
O F F I C E R S .— P r e s ., F . E . M y ers: 1 s t V . - P . , A . E . A k in s: 2 d V . - P . ,
L . J . W o lf; S e c ., E . F . S c h n e id e r ; T r c a s ., J . O . W ils o n ; A u d it o r , H . B .
C a v a n a u g h ; G e n . M g r . , ----------------------------. G en er a l o f fic e , C le v e la n d .—
V . 8 4 , p . 3 3 8 , 4 4 9 , 5 6 9 , 7 4 8 , 9 9 5 , 1113; V . 8 5 , p . 283: V . 8 8 , p . 2 9 4 , 50 4 .
(1)
Mansfield R ailway. Light & Power Co.— A trolley road.
In 1 9 0 7 c o n t r o l p a s s e d t o t h e C le v . S o u t h w e s t e r n & C o lu m b u s R y . C o .
O R G A N I Z A T I O N .— S u c c e s so r In A p ill 1 9 0 3 t o t h e C it iz e n s ’ E le c tr ic
R a ilw a y , L ig h t & P o w e r C o ., w h ic h In tu r n w a s s u c c e s s o r t o t h e M a n sfield
E le c tr ic S t r e e t R y .
O w n s e n t ir e s t r e e t r a ilw a y a n d e le c t r ic l ig h t s y s t e m s
In t h e c i t y . C ity fra n ch ise r u n s till 1 9 2 5 .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r it y
C o m m o n , $ 0 5 0 ,0 0 0 ( $ 1 0 0 ) ................................. .....................
* 6 5 0 ,0 0 0 .........................
P r e f., $ 3 5 0 ,0 0 0 ($ 1 0 0 ) 6 % c u m ...................................
3 5 0 ,0 0 0
1907,
6%
C it iz e n s ’ first m o r t . ( $ 4 0 0 ,- / 1901
5
2 0 0 ,0 0 0 A p ril 1 19 2 3
0 0 0 ) ( $ 5 0 0 ) ________________ 1 I n t e r e s t a t C le v e la n d T r . C o ., C le v e la n d . T r .
M an s R y I .t & P g e n m tg e 51.-J 1 9 0 3
5 g A -O
7 4 2 ,0 0 0 A p r il 1 191 8
0 0 0 ,0 0 0 ,g ( 5 5 0 0 & $ 1 . 0 0 0 ) c*J U n io n S a v . B k . & T r . C o .. O n . . T r u s t e e .
B o n d s . — I n t e r e s t o n t h e n e w b o n d s o f t h e M a n sfie ld R a ilw a y L ig h t &
P o w e r C o . Is p a y a b le a t R u d o lp h K le v b o lte & C o .’s o f f ic e , N e w Y o r k ,
C in c in n a ti a n d C h ic a g o .
$ 2 0 0 ,0 0 0 o f t h e n e w b o n d s a r e r e se r v e d t o r e tir e
t h e b o n d s o f t h e o ld C itiz e n s C o m p a n y a n d $ 5 8 0 0 0 fo r f u tu r e a c q u is it io n s
an d Im p ro v em en ts.
A r e se r v e fu n d o f $ 1 0 ,0 0 0 p er a n n u m Is m a in t a in e d , t o
b e u sed for e x t e n s io n s a n d I m p r o v e m e n t s .
N o t s u b j e c t t o c a ll. S e e V . 7 6 ,
p. 810.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 7 . g r o s s , $ 2 0 2 ,7 9 8 ; n e t , a f te r t a x e s ,
$ 8 4 ,7 9 4 ; I n te r e s t o n b o n d s a n d 6% o n p r e f. s t o c k , $ 6 8 ,1 0 0 ; s u r p lu s , $ 1 6 ,6 9 4 .
R O A D __ O w n s a n d o p e r a te s 9 m ile s o f tr a c k In M a n s fie ld a n d a n I n te r
4 0 c a r s .— V . 7 8 , p
u r b a n lin e o f 12 m ile s t o S h e lb y ; 6 0 a n d 7 0 - lb . T r a il.
2 4 4 2 ; V . 8 3 , p . 1291; V . 8 5 , p . 28-L___
CLEVELAND PAINESVILLE& EASTERN RR. — (See M a p o n P age 2 8 .)
O R G A N I Z A T I O N , & c .— I n c o r p o r a te d In O h io o n A p ril 2 5 1 8 9 5 .
R oad
c o m p le t e d In J u ly 1 8 0 8 . F ranchises e x p ir e In 1 9 2 0 , 1 9 2 2 a n d 1 0 2 6 .
In
J u n e 1 9 0 0 a c q u ir e d c o n tr o l o f t h e C le v e la n d P a ln c s v ille & A s h t a b u la R R .
V . 82 . p . 1322. 1379.
O R G A N I Z A T I O N . & c . — I n c o r p o r a te d in O h io o n A p ril 2 5 1 8 9 5 . R o a d
c o m p le t e d In J u ly 1 8 9 8 . F ra n ch ise s e x p ir e In 1 9 2 0 , 1 0 2 2 a n d 1 9 2 6 .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity
S t o c k $ 2 ,0 0 0 ,0 0 0 (p a r $ 1 0 0 ) ................................................ $ 2 .0 o 0 ,0 0 0
.........................
F ir s t m o r t g a g e $ 5 0 0 ,0 0 0 g o ld f 1 8 9 6
5 g A -O
5 0 0 ,0 0 0 A p rtl 1 1 9 1 6
($1 0 0 0 e a c h ) ...... .................. c * j I n t e r e s t a t M o rto n T r u s t C o ., N . Y . , or
l C le v e la n d T r u s t C o .. C le v e la n d , T r u s t e e .
C o n s o lid a te d m o r tg a g e $ 2 ,- f 1 8 9 8
5 A -O
1 ,0 3 1 ,0 0 0 O c t . 1 1918
0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d ____ (
i n t . a t C it iz e n s ’ S a v . & T r . C o ., C le v e .,
I T r u s t e e , o r T r u s t C o. o f A m e r ic a . N . Y .
R e f ’g a n d e x t e n s io n m tg e $ 5 , - f 1 9 0 8
5 g M -N
1 2 9 ,0 0 0
M a y 1 19 4 8
0 0 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) — c m I n t . a t C le v . T r u s t C o ., C le v e la n d , T r u s t e e ,
l or c o m p a n y ’s a g e n c y In N e w Y o r k .
B o n d s .— O f t h e $ 2 ,0 0 0 ,0 0 0 c o n s o ls a u t h o r iz e d , $ 5 0 0 ,0 0 0 Is r e se r v e d
to r e tir e u n d e r ly in g lie n s .
I t Is p r o v id e d In n e w r e fu n d in g a n d e x te n s io n
m o r t g a g e t h a t r e m a in in g c o n s o ls c a n n o t b e Issu e d .
O f t h e r e fu n d , a n d
e x t . b o n d s , $ 1 ,6 3 1 ,0 0 0 a r e r e s e r v e d t o r e tir e p r io r lie n s , $ 3 ,0 0 0 ,0 0 0 a r e re
s e r v e d fo r f u tu r e e x t e n s io n s a n d I m p r o v e m e n t s , t o b e Issu ed o n ly w h e n n e t
e a r n in g s fo r p r e c e d in g 12 m o n th s h a v e b e e n n o t le s s t h a n 2 5 % In e x c e s s o f
I n t e r e s t c h a r g e s o n o u t s t a n d in g b o n d s , I n c lu d in g t h o s e to b e Issu e d .
Sub
j e c t t o c a ll M a y 1 19 3 8 o r o n a n y I n t. d a t e t h e r e a f t e r a t p a r a n d In t. o n 3 0
d a y s ’ n o t ic e .
R O A D .— O w n s ro a d fro m E u c lid , O h io , t o P a ln c s v ille a n d F a lr p o r t,
2 4 .0 2 m ile s (‘‘M ain L in e " ) , a n d u s e s C le v e la n d E le c tr ic R y . fr o m E u c lid
t o P u b lic S q u a r e , C le v e la n d , 10 m ile s; a ls o o w n s “ S h o r e L i n e ,” e x t e n d in g
fr o m V V llloughby t o G le n v llle , O h io , 1 4 .8 9 m ile s , a n d u s e s t h e C le v e la n d
E le c tr ic R a ilw a y C o .’s tr a c k fro m G le n v llle t o t h e P u b lic S q u a r e , C le v e la n d ,
5 m ile s . T o t a l tr a c k o p e r a te d ( In c lu d in g 4 Vi m ile s o f d o u b le ) . 4 6 Vi m ile s
W ith t h e C le v e . P a ln e s v . & A s h t a b u la f o r m s a c o n t in u o u s lin e fro m C le v e
S u r p lu s ...................................$ 4 0 ,5 1 5
$ 5 2 ,5 6 9
$ 4 3 ,1 6 8
$ 2 2 ,9 8 9
$ 9 ,4 8 0
O F F I C E R S .— P r e s ., E . W . M o o r e; V . - P . , J . A . B e ld le r : T r c a s ., E . V .
H a le : S e c .. F r e d . S . B o r t o n ; A s s t . S e c . a n d T r e a s ., E . L . S c h m o c k . W il
l o u g h b y , O h io : G e n . M g r ., J . J o r d a n .— V . 8 6 , p . 3 3 5 . 1 5 2 5 . 1 5 2 9 ; V . 8 8 ,
p. 374, 1313, 1615.
(1) C le v e la n d P a in e s v ille & A s h t a b u la RR. A t r o l l e y r o a d .
E n tir e ly
o v e r p r iv a t e r ig h t o f w a y . e x c e p t t h r o u g h s o m e o f t h e v i ll a g e s , w h e r e
fra n ch ise s e x p ir e In 1 9 2 7 .
In J u n e 1 9 0 6 c o n t r o l w a s a c q u ir e d b y t h e C le v e la n d P a l n e s v llle & E a s t e r n
RR.
V . 8 2 , p . 1322, 1379.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In 1 9 0 2 .
STO C K A N D BON D S—
Date.
Interest. Outstanding.
Maturity.
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................................ $ 1 ,0 0 0 ,0 0 0 ----------- ---------F'lrst m o r t g a g e
$ 1 , 0 0 0 ,0 0 0 / 1 9 0 2
5 g J -J
8 5 0 ,0 0 0 J u ly 1 1 9 2 2
g o ld ( $ 1 ,0 0 0 ) ____________ c * \ I n t . a t C le v e la n d T r u s t C o ., C le v e ., T r u s t e e .
Bonds.— $ 1 5 0 ,0 0 0 a r e r e s e r v e d fo r fu tu r e e x t e n s i o n s a n d I m p r o v e m e n t s ,
N o s in k in g fu n d a n d b o n d s c a n n o t b e c a lle d . S e e V . 7 5 , p . 5 4 9 .
R E P O R T .— F o r y e a r s e n d in g D e c . 3 1 :
Years—
Gross.
Net.
Fixed Charges.
Balance.
1 9 0 8 .......................................... . . $ 1 2 3 , 1 3 9
$ 3 7 ,9 2 6
$ 5 0 ,6 3 9
d e f .$ 1 2 ,7 1 3
1 9 0 7 ________________________ $ 1 2 2 ,3 6 3
$ 4 3 ,1 5 2
$ 4 8 ,6 1 3
d e f . $ 5 ,4 6 1
R O A D .— O p e r a te s 2 5 m ile s o f t r a c k b e t w e e n P a ln e s v llle a n d A s h t a b u la .
P u t In fu ll o p e r a tio n o n J u ly 30 1 9 0 4 . 7 0 - lb . T a n d g ir d e r r a il u s e d . T r a c k ,
s ta n d a r d g a u g e .
C o n n e c t s a t P a l n e s v llle w it h t h e C le v e la n d P a ln e s v llle &
E a s t e r n R R . a n d a t A s h t a b u la w it h t h e P e n n s y l v a n ia & O h io R y . — V . 8 2 ,
p . 1322, 1379; V . 8 6 , p . 337; V . 8 8 , p . 3 7 4 .
EASTERN OHIO TRACTION CO—A trolley road.
FO R E C L O S U R E .— R oad w as offered for sale In foreclosure proceedings
on Ju n e 25 1907 as a whole and In parcels. The sale as a whole was not
effected: only one division, th e C hagrin F alls & G a rre ttsv llle , w as sold.
The la tte r w as bid In In th e Interests of th e bondholders. T he rem aining
two divisions a re to be offered for sale a second tim e. V. 85, p. 40. Iq
1909 a com m ittee representing th e 1st an d 2d m tge. bonds of Cleveland &
Chagrin Falls E lectric R y. asked holders to deposit said bonds w ith a view
to foreclosure. V. 88, p. 504. I t Is planned to form a new com pany w ith
$300,000 stock and $300,000 bonds, if bondholders’ com m ittee acquire a t
foreclosure sale th e Clev. < Chagrin Falls division. See V. 88, p. 685.
&
R E C E IV E R S H IP .— The road Is now being o perated by R o b ert D .B e a tty ,
R eceiver. No In terest being paid.
O R G A N IZ A T IO N .— Inco rp o rated In Ohio In J a n . 1902 as a consolidation
of th e Cleveland & E astern R y ., th e Cleveland & C hagrin F'alls E lectric R R .
and the Chagrin Falls & Eastern Electric R y.
STOCK AND BO ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $2,500,000 ($100)............................................
$2,259,000 .....................
E ast Ohio T rac 1st con M,1 1902
5 g J -J
>„0<),000 J u ly 1 1922
$2,500,000, g ($ l,0 0 0 )c * & r)ln t. a t Cleve. T r. Co., C leveland, T ru stee.
C annot be called.
J or S ta n d a rd T ru st Co., New Y ork.
Cleveland & E astern
1st) 1899
5 g J -J
$1,000,000 Ju ly 1 1919
m tge, $1,000,000 ( $ l,0 0 0 )ln t. a t C leveland T r., Co., T ru stee, C leve.,
or S ta n d a rd T ru st Co., New Y ork.
each), g o l d .........................c*J
Cleve & Chagrin F'alls 1st) 1896
6 g M-N
200,000 May 1 1916
m tg , $200,000, g, red a fte r)In te re s t a t G uardian T ru st Co., C leveland,
May 1 1906 ( $ 5 0 0 )____ c*J
T rustee.
Cleve & Chagrin Falls new] 1900
5 g M-N
100,000 N ov 1 1920
m tg , $300,000 ($500), g, c/D Im c Savings & B ank Co., Cleveland,
Can be called 1910
J
Trustee.
B o n d s .— Of the $2,500,000 1st con. m tg ., $1,300,000 were to ta k e up
existing bonds a nd th e balance held In tre a su ry for extensions a nd con
stru c tio n . Of th e Cleve. & C hagrin F'alls m tg . of $300,000, $200,000 re
served for prior bonds.
R E P O R T .— For calendar year 1908: G ross, $259,172: n e t (a fte r expenses
and ta x e s), $39,669. No Int. paid, all earns, being used for b e tte rm e n ts.
R O A D .— O w ned and operates 39 miles of tra c k from Cleveland to C h a rd o n ,
B urton a nd Mlddlefleld, O ., a nd from C leveland to H iram a nd G arretsvllle
via Chagrin F'alls, 40 miles. T otal tra c k o p erated . Including sidings,
82.79 m iles.— V. 84, p. 1488; V. 85. p. 40: V. 88, p. 504, 685.
,
LAKE S H O R E ELECTRIC R Y . - ( S e e M a p on P a g e 1 0 .)
O R G A N I Z A T I O N .— T h e L a k e S h o r e E l e c tr ic R y . w a s I n c o r p o r a te d o q
S e p t . 25 1901 u n d e r la w s o f O h io a s a c o n s o lid a t io n o f t h e L o r a in & C le v e
la n d R y . , t h e S a n d u s k y & I n t e r u r b a n R y . , t h e S a n d u s k y N o r w a lk & S o u t h
e r n R y . a n d t h e T o le d o F 'r em o n t & N o r w a lk R R .
V . 73, p. 784.
In
S e p t . 1 9 0 9 G u a r a n ty T r u s t C o . o f N . Y . p u r c h a s e d $ 1 ,2 5 0 ,0 0 0 tr e a s u r y
b o n d s.
V . 8 9 , p . 7 2 1 . A b o u t h a lf t h e r o a d Is b u ilt o n p r iv a t e r ig h t o f
w a y : fra n ch ise s fo r t h e r e m a in in g h a lf w e r e In 1 9 0 8 s t a t e d t o h a v e a n a v e r
a g e life o f 15 y e a r s . C o m p a n y h a s t r a f f ic a g r e e m e n t b y w h ic h It e n t e r s
t h e c it i e s o f C le v e la n d a n d T o le d o o v e r t h e t r a c k s o f t h e lo c a l s t r e e t r a ilw a y
' C o n tr o ls t h e L o r a in S t r e e t R R . a n d t h e S a n d u s k y F r e m o n t & S o u t h e r q
R y ., w h ic h s e e b e lo w .
I n 1 9 0 7 m a d e c o n t r a c t t o s u p p ly p o w e r to th e
T o le d o F 'ln d la y & F o s t o r la a n d s e v e r a l o t h e r r o a d s .
V . 85, p. 1646.
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity ,
________
$ 4 ,5 0 0 ,0 0 0 ------------------C o m m o n , $ 4 ,5 0 0 ,0 0 0 ( p a r $ 1 0 0 ) ____
P r e f, $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ,5 % c u ....................................
3 ,0 0 0 ,0 0 0 ..................... .
1 st
con
m tg ,
$ 4 ,0 0 0 .0 0 0 f 19 0 3
5 g J -J
1 ,7 5 0 ,0 0 0 J a n
11923
( $ 1 ,0 0 0 ) , g o l d ___________ c * i I n t . a t C it iz e n s ’ S a v . & T r . C o ., C le v e la n d ,
{ T r u s t e e , o r T r u s t C o . o f A m e r ic a , N . Y .
G en er a l
m tg e .
$ 7 ,0 0 0 ,0 0 0 1 1 9 0 3
5 g F'-A
2 .2 6 0 ,0 0 0 F e b
11933
( $ 1 ,0 0 0 ) , g o ld _ ....................c * i I n t . a t C it iz e n s ’ S a v . & T r . C o ., C le v e la n d ,
t
T r u s t e e , o r c o m p a n y ’s a g e n c y In N . Y .
L o r a in & C le v e la n d 1 s t, g f 1 8 9 7
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1927
( $ 1 ,0 0 0 ) , $ 1 ,0 0 0 ,0 0 0 _____ ] I n t e r e s t a t C le v e la n d T r u s t C o ., T r u s t e e , or
l
T r u s t C o . o f A m e r ic a , N e w Y o r k .
T F & N 1 s t m t g , $ 1 ,5 0 0 ,0 0 0 ,) 1 9 0 0
5 g J -J
1 ,5 0 0 ,0 0 0 J a n
11920
g , g u a r ($ 5 0 0 , $ l ,0 0 0 ) _ .c * J I n t . a t U n io n T r u s t C o ., D e t r o it , T r u s t e e .
B o n d s . — O f t h e $ 4 ,0 0 0 ,0 0 0 first c o n s o ls , $ 2 ,2 5 0 ,0 0 0 a r e r e s e r v e d t o r e tir e
p r io r lie n s , $ 4 ,0 0 0 ,0 0 0 o f t h e g e n e r a l m o r t g a g e 5 p er c e n t s a r e r e s e r v e d
t o r e tir e t h e fir st o j n s o ls a n d $ 7 4 0 ,0 0 0 fo r e x t e n s io n s a n d I m p r o v e m e n t s ,
a t 80% o f c o s t.
N e it h e r Issu e Is s u b j e c t t o c a ll.
A s in k in g fu n d o f $ 1 0 ,0 0 0
p e r a n n u m o n t h e fir st c o n s o ls c o m m e n c e d J a n . 1 1 9 0 9 a n d r u n s u n t il 1 9 1 4 .
F r o m 1 9 2 0 t o 1 9 2 2 , I n c lu s iv e , $ 3 0 ,0 0 0 p e r a n n u m Is p a y a b le . T h e L . & C .
b o n d s c a n b e c a lle d a f t e r J u ly 1 1 9 1 7 a t p a r a n d I n t e r e s t . T h e T . F . & N .
b o n d s c a n b e c a lle d a t 1 1 0 a n d I n te r e s t o n a n y I n te r e s t d a t e u p o n 90 d a y s ’
n o t ic e . A s in k in g fu n d o n t h e T . I*'. & N . b o n d s o f $ 1 0 ,0 0 0 p e r a n n u m c o m
m e n c e d In 1 9 0 5 a n d r u n s to 1 9 0 9 , I n c lu siv e ; fr o m 1 9 1 0 t o 1 9 1 4 , $ 2 0 ,0 0 0
p e r a n n u m ; 1 9 1 5 to 1 9 1 9 , $ 3 0 ,0 0 0 p e r a n n u m .
L ie n . — T h e T . F . & N . b o n d s a r e a fir st lie n o n t h e d iv is io n b e t w e e n
T o le d o a n d N o r w a lk ; t h e L . & C . b o n d s a r e a first lie n o n t h e r o a d b e t w e e n
C le v e la n d a n d L o r a in : a n d t h e 1 st c o n s o l, b o n d s a fir st lie n o n a ll o t h e r
lin e s a n d al«o a s e c o n d m tg e . o n t h e d iv is io n s n o te d a b o v e .
L a test E a r n in g s . — F'or 8 m o s . e n d . A u g . 31 1 9 0 9 ( n o t in c lu d in g L o r a in S t .
R y .) : G ro ss, $ 6 0 4 ,3 6 0 ; n e t , a f t e r t a x e s , $ 2 7 3 ,5 6 7 ; o t h e r in c o m e , $ 1 6 ,6 6 7 ;
I n t e r e s t , $ 2 3 1 ,2 8 9 ; s u r p lu s , $ 5 8 ,9 4 5 .
R E P O R T . — F'or y e a r s e n d in g D e c . 3 1 , n o t I n c lu d in g L o r a in S t r e e t R R .
F ig u r e s fo r 1 9 0 8 a n d 1 9 0 7 In c lu d e e a r n in g s o f S a n d u s k y F 'r em o n t & S o u t h
e r n R y . , p la c e d In o p e r a tio n S e p t . 17 1 9 0 7 . S e e r e p o r t in V . 8 8 , p . 3 7 1 .
Gross e a rn in g s ...............
O pcr. exp. a nd t a x e s . . .
1908.
$867,269
490,974
1907.
$913,161
521,559
1906.
$860,720
476,258
1905.
$788,268
428,588
N et earnings.................
I n te r e s t..............................
$376,295
326,233
$391,602
294,073
$384,462
254,198
$359,680
244,850
S u r p lu s .........................
O ther Incom e--------------
$50,062
25,000
$97,529
25,000
$130,264
6,250
$114,830
---------
N et s u r p l u s ...............
$75,062
$122,529
$136,514
R O A D .— O p e r a te s 172 m ile s , e x t e n d in g fr o m C le v e la n d to T o le d o
a n a S a n d u s k y , a n d fr o m S a n d u s k y t o N o r w a lk ; a ls o c it y lin e s In S a n d u s k y ;
s t a n d a r d -g a u g e , 7 0 - lb . r a ils .
T h r o u g h lin e fr o m C le v e la n d t o T o le d o w a s
o p e n e d ror b u s in e s s a b o u t A u g . 26 1 9 0 2 .
I n a d d it io n o w n s t h e S a n d u s k y
F r e m o n t & S o u t h e r n , 20 m ile s , a n d t h e L o r a in S t r e e t H R ., 2 4 .7 7 m ile s ,
m a k in g a t o t a l o f 2 1 6 .7 7 m ile s .
H a s 53 d o u b le - tr u c k in te r u r b a n c a r s , 23
s in g le - tr u c k c it y c a r s . 6 d o u b le - tr u c k b a g g a g e a n d f r e ig h t c a r s a n d 3 2 w o rk
c a r s. T o t a l , 1 1 4 .
O F F I C E R S .— P r e s ., E . W . M o o r e, C le v e la n d a n d N . Y .; V . - P . , W . I I .
P r ic e , N o r w a lk , O .; V . - P . a n d G en . M g r ., F . W . C o e n , S a n d u s k y , O h io ;
S e c . a n d T r e a s ., J o h n P . W i t t , C le v e la n d .— V . 8 8 , p . 3 7 1 ; V . 8 9 , p . 7 2 1 .
(1) L o r a in Street R a ilr o a d C o . —A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n A u g . 3 1 9 0 6 , a n d Is a c o n
s o lid a t io n o f t h e L o r a in S t . R a ilw a y a n d t h e A v o n B e a c h & S o u t h e r n R R .
E n tir e s to c k a n d $ 5 0 0 ,0 0 0 n e w c o n s o ls o w n e d b y t h e L a k e S h o r e E le c . R y .
O p e r a t e s o n p r iv a te r ig h t o f w a y e x c e p t t h r e e m ile s In L o r a in a n d E ly r ia
o n w h ic h fra n ch ise s ru n u n t il 1 9 1 9 .
ST O C K A N D B O N D S P ar.
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , 5 2 ,0 0 0 ,0 0 0 . . .
$100
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.........................
L o r . S t . R y . 1 st M .,1 1 ,0 0 0
18 9 4
6 J -J
2 0 0 .0 0 0 J a n . 1 1 9 1 5
$ 2 0 0 ,0 0 0 ___________/ I n t e r e s t G u a r d ia n 'l’r. C o ., C le v e la n d , T r u s t e e .
L o r . S t . R y . C o n s.,1 1 ,0 0 0
189 9
5 g M -N
5 5 0 ,0 0 0 N o v . 1 1 9 4 9
M ., $ 7 5 0 ,0 0 0 , g o l d /
I n t . a t G u a r a n ty T r u s t C o ., N . Y . , T r u s t e e .
$ 1 ,0 0 0 ....................c*J
1st
c o n s o l.
m t g e .) 1 .0 0 0
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5 0 0 ,0 0 0 J u ly 1 1 9 3 6
$ 2 ,0 0 0 ,0 0 0 ,
g o l d , ) I n t . a t C It. S a v . & T r u s t C o ., C l e v e ., T r u s t e e , or
guar. ( $ 1 .0 0 0 ) ..c*j
A g e n c y In N e w Y o r k .
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s , $ 7 5 0 ,0 0 0 a r e r e se r v e d fo r p r io r
lie n s a n d $ 7 5 0 ,0 0 0 fo r e x t e n s io n s , e t c . T h e y a r e g u a r ., p r ln . a n d I n t ., by
e n d . b y t h e L a k e S h o r e E le c . R y .
L a test E a r n in g s . — F o r 8 m o s . e n d . A u g . 31 1 9 0 9 , g r o s s , $ 1 0 5 ,8 2 8 ; n e t
a f t e r t a x e s , $ 1 0 ,7 7 2 ; i n t e r e s t , $ 4 3 ,0 0 0 ; s u r p lu s , $ 3 ,7 7 2 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 4 3 ,3 8 1 ; n e t , $ 5 2 ,8 0 7 ,
i n t e r e s t . $ 6 4 ,5 0 0 ; d e f ic i t , $ 1 1 ,6 9 3 .
R O A D .— O p e r a te s 2 4 .7 7 m ile s o f tr a c k b e t w e e n E ly r ia . L o r a in a n d
B each P ark.
S ta n d a rd g a u g e .
2 8 c a r s.
(2) The Sandusky Fremont & Southern Ry.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In A p r il 1 9 0 6 .
I s o p e r a te d
a s p a r t o f m a in lin e o f L a k e S h o r e E le c tr ic R y . b e t w e e n C le v e la n d a n d
T o le d o .
L a k e S h o r e E le c tr ic R y . o w n s e n t ir e s t o c k .
P r iv a t e r ig h t o f w a y
8 0 f e e t w id e .
STO C K A N D B O N D S —
D ale.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ____________ O w n e d b y t h e L a k e S h o r e E le c tr ic R y .
1st
m o rtg a g e ,
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g o ld ( $ 1 ,0 0 0 ) g u a r ____ c * { I n t . a t C It. S a v . & T r u s t C o ., C le v e .,
I
t r u s t e e , o r a t A g e n c y In N e w Y o r k .
B o n d s . — A re g u a r a n t e e d , p r ln . a n d I n t ., b y e n d o r s e m e n t , b y t h e L a k e
S h o r e E le c . R y .; n o t s u b to c a ll. S e e V . 8 3 , p . 1 0 9 9 .
R O A D .— O p e r a te s a lin e fr o m S a n d u s k y t o F r e m o n t, 20 m ile s .— V . 8 3 ,
p . 97 , 1099.
_
CLINTON, IO W A .
C L IN T O N S T R E E T RY.— O p e r a te s 15 m ile s o f tr a c k in c it y o f C lin to n .
M ain lin e fra n ch ise s p e r p e tu a l; o th e r s lim it e d t o 2 5 y e a r s fr o m N o v . 1 9 0 8 .
72 t o 8 0 - lb . T - r a ll. S t o c k $ 6 0 0 ,0 0 0 ( $ 1 0 0 ), o f w h ic h $ 5 9 9 ,8 0 0 Is o u t s t a n d s
ln g .
F u n d e d d e b t c o n s is t s o f $ 4 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) a u t h o r iz e d a n d o u t s t a n d
in g 5% 1 s t m t g e . b o n d s (c & r ), d a t e d 1 9 0 6 , d u e M a rch 31 1 9 2 6 , In t. p a y a b le
A . & O . In g o ld a t I llin o is T r u s t & S a v in g s B a n k , C h ic a g o , t r u s t e e . S u b
j e c t to c a ll a f t e r 5 y e a r s a t 1 0 5 .
G ro ss e a r n in g s fo r 1 9 0 8 , $ 1 2 8 ,0 0 0 ; for
1 9 0 7 , $ 1 2 2 ,0 0 0 ; n e t e a r n in g s , $ 6 1 ,0 0 0 , a g a in s t $ 5 2 ,0 0 0 .
O F F I C E R S .— P r e s ., C . H . Y o u n g V . - P .. I). L n n g a n ; S e c ., A . L . S c h u y
ler: T r e a s ., C . C. C oan ; G e n . M g r ., B e r n a r d B o h n s e n .
COLORADO SPR IN GS, COL.
COLORADO SPRINGS & INTERURBAN RY.
O R G A N I Z A T I O N .— I n c o r p o r a te d In A u g . 1 9 0 2 a s a c o n s o lid a t io n o f t h e
C o lo r a d o S p r in g s R a p id T r a n s it R y . a n d t h e C o lo r a d o S p r in g s & S u b u r b a n
R y.
T h e c o n s o lid a t e d c o m p a n y h a s Issu ed $ 1 ,5 0 0 ,0 0 0 s t o c k , o f w h ic h
$ 5 0 0 ,0 0 0 p r e f. a n d $ 1 ,5 0 0 ,0 0 0 b o n d s ( $ 1 ,0 0 0 ) , 5 , M .- S .. d u e S e p t . 1 9 3 2 ,
C e n tr a l T r u s t C o m p a n y , N . Y ., t r u s t e e .
O th e r I n fo r m a tio n r e fu s e d —
"Is a c lo s e c o r p o r a tio n a n d h a s n e ith e r s t o c k s n o r b o n d s o n t h e m a r
k e t . ’’ W e are a d v is e d , h o w e v e r , t h a t s u f fic ie n t o f t h e n e w b o n d s a r e r e
s e r v e d for u n d e r ly in g lie n s .
F a c t s b e lo w relate solely to the old Colorado
S p r in g s R a p id T ra n s it R y .
Colorado Springs Rapid Transit—
S T O C K A N D B O N D S M ile s . D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k (p a r $ 1 0 0 ) .........................................................................
$ 5 0 0 ,0 0 0 f .p . 1 90 5 6 %
1 s t M ., $ 1 ,0 0 0 e a c h . .
7y
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27
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for $ 5 0 0 ,0 0 0 , g o ld /
C e n tr a l T r u s t C o ., N . Y . , T r u s t e e .
In terest Is p a y a b le a t C h e m ic a l N a t io n a l B a n k , N e w Y o r k C it y .
C onsolidated mortgage lim it e d t o $ 5 0 0 ,0 0 0 b y c a n c e lla tio n o f $ 2 5 0 ,0 0 0 o f
t h e b o n d s; $ 3 3 8 ,0 0 0 r e se r v e d fo r fir st m o r t g a g e .
R O A D .— O w n s 38 m ile s o f t r a c k .
O F F I C E R S .— P i e s . , D . H . R ic e ; V . - P ., A . G . S h a r p ; S e c ., W m . L lo y d ;
T r e a s ., C . S . C h a m b e r lin .— V . 7 0 , p . 7 5 , 1 7 5 , 3 2 8 .
CO LU M BIA, S. C.
COLUMBIA ELECTRIC STREET RAILWAY LIGHT & POWER.—A
t r o lle y r o a d .
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n o n J u ly 1 1 9 0 5 o f t h e C o lu m b ia
E le c . S t . R y . , L t. & P o w e r C o . a n d t h e C o lu m b ia W a t e r P o w e r C o . T h e
first m e n tio n e d w a s o r g a n iz e d In S . C a r. J a n . 6 1 8 9 2 a n d w a s a c o n s o lid a t io n
o f t h e C o lu m b ia E le c tr ic & S u b u r b a n R y . C o . a n d t h e C o n g a r e e G a s &
E le c tr ic C o . A c q u ir e d t h e C o lu m b ia & E a u C la ire E le c tr ic R y . T h e
C o lu m b ia G a s L ig h t C o. Is o w n e d b y fr ie n d s o f t h e c o m p a n y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................$ 1 ,0 0 0 ,0 0 0 .............................
P r e f .. $ 6 0 0 ,0 0 0
6%
c u m ./ ____
J -J
6 0 0 ,0 0 0 J a n . ’0 7 , 3 %
( $ 1 0 0 ) .............................................. J
M o r tg a g e , $ 2 ,0 0 0 ,0 0 0 g . ($5001 19 0 5
5 g J -J
1 ,0 6 6 ,0 0 0 J u l y 1 1 9 3 5
& $ 1 ,0 0 0 ______________ c * /I n t e r e s t a t C h < m !ca l N a t . B in k , N<.w Y o r k ,
.
iT r u s te e , o r c o m p a n y ’s a g e n c y In N e w Y o r k .
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s , $ 1 ,0 6 6 ,0 0 0 a r e o u t s t a n d in g a n d
$ 5 3 4 ,0 0 0 are In t h e tr e a s u r y a n d $ 4 0 0 ,0 0 0 a r e r e s e r v e d fo r fu tu r e b e t te r
m e n ts .
A s in k in g fu n d o f $ 1 0 ,0 0 0 p e r a n n u m c o m m e n c e s J u ly 1 1 9 0 6 .
D iv id e n d s . — F ir s t d iv id e n d o n p referred s t o c k — 3 % — p a id J u ly 1 1 9 06;
J a n . 1 9 0 7 , 3 % ; n o n e s in c e , a ll s u r p lu s b e in g p u t In to p r o p e r ty .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 4 2 8 ,8 1 8 ; n e t , a f t e r t a x e s ,
$ 2 0 9 ,6 1 0 ; I n t e r e s t , $ 1 1 4 ,7 6 0 ; s u r p lu s , $ 9 4 ,8 5 0 .
R O A D .— O p e r a te s a b o u t 25 m ile s o f tr a c k . A ls o d o e s a ll e le c t r ic l ig h t
in g fo r c i t y .
O w n s w a t e r -p o w e r c o n t r a c t s a n d w a t e r -p o w e r p la n t g e n e r a t
in g 8 .0 0 0 h .p . a n d 5 ,0 0 0 h .p . tu r b in e .
O F F I C E R S .— P r e s ., a n d T r e a s ., E . W , R o b e r t s o n ; 1 s t V . - P . , L e w is M .
P a r k e r ; 2d V . - P . a n d G en M g r ., W m . E llio t t J r .; S e c ., G . M . B . r r y . — V . 8 1 ,
p . 5 0 7 , 97 4 ; V . 8 4 , p . 9 3 1 .
COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e o n F e b . 6 1 9 0 3 a n d o w n s all
t h e s e c u r it ie s o f t h e G as L t . C o o f C o lu m b u s , t h e e n t ir e c o m m o n a n d p a r t
o f t h e p r e fe r r e d s t o c k o f t h e C o lu m b u s P o w e r C o . a n d t h e g r e a te r p a r t o f t h e
s e c u r it ie s o f t h e C o lu m b u s R R . C o ., w h ic h c o m p a n ie s d o t h e e n tir e s tr e e t
r a ilw a y a n d l ig h t in g a n d p o w e r b u s in e s s o f C o lu m b u s a n d t h e a d jo in in g
t o w n s o f P h o e n ix a n d G ira rd . F r a n c h is e s p e r p e tu a l. T h e f r e ig h t lin e s
a r e le a s e d to t h e S e a b o a r d A ir L in e R y . fo r 5 0 y e a r s fr o m O c t. 17 1901 a t a
r e n ta l o f $ 7 ,5 0 0 p e r a n n u m .
$ 1 0 0 ,0 0 0 p r e f. s t o c k Is h e ld b y th e P u b lic
S e r v ic e I n v e s t m e n t C o.
STO C K A N D B O N D S —
D ate.
In te re st.
O u tsta n d in g . M a tu r ity .
C o m ., $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 1 ,5 0 0 ,0 0 0 .........................
P r e f ., 6 % n o n - c u m ., $5001 ____
J -J
2 7 2 .0 0 0 J u l y ’0 9 ,3 %
0 0 0 ( $ 1 0 0 ) ................................... )
1 st c o ll. M .. $ 1 ,5 0 0 ,0 0 0 g o ld ) 1 9 0 3
5 g A -O
7 4 0 ,0 0 0 A p r . 1 1 9 3 3
( $ 1 , 0 0 0 ) ....................................c * j I n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s te e
C o l.
RR.
1 st
m o r t g a g e ,/ 18 9 8
5
A -O
4 2 3 ,0 0 0 O c t . 1 193 7
$ 4 5 0 ,0 0 0 , g . ( $ 1 , 0 0 0 ) . . . l i n t , a t W e s t E n d T r u s t C o ., P h lla .. T r u s t e e .
C o l. R R . 2d m o r tg a g e : 1 st! 1903
6
A -O
2 5 0 ,0 0 0 O c t . 1 1937
p r e f.,
I n c .,
g o ld ,
n o n - / i n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e ,
c u m ., $ 2 5 0 ,0 0 0 .........................J
G . L . C o. o ' C o l m t g e ................... 1891
6
J D
1 5 ,0 0 0
J u n e 1 1911
S to c k a n d B o n d s . — $ 2 2 ,0 0 0 o f t h e $ 2 7 2 ,0 0 0 p r e f. s to c k o u t s t a n d in g Is h e ld
In t r u s t fo r b e n e f it o f c o m p a n y .
O f t h e $ 4 5 0 ,0 0 0 C o lu m b u s R R . 1 s t m tg o .
b o n d s , $ 2 7 ,0 0 0 a r e r e s e r v e d t o r e tir e u n d e r ly in g 6% b o n d s o f lik e a m o u n t
d u e In 1 9 1 3 . T h e n e w $ 1 ,5 0 0 ,0 0 0 b o n d s o f t h e C o lu m b u s E le c . C o . a r e s u b j e c t
t o c a ll o n o r a f t e r A p ril 1 1 9 0 8 , a s a .w h o le , a t 105 a n d I n t. $ 8 0 ,0 0 0 a r e r e
s e r v e d to r e tir e a lik e a m o u n t o f C o lu m b u s R R . b o n d s .
A n ‘‘I m p r o v e m e n t
f u n d ” o f 2% p e r a n n u m o f o u t s t a n d in g b o n d s c o m m e n c e d In 1 9 0 5 .
D iv id e n d s . — F ir s t d l v . o n p r e f. s t o c k , 3 % . w a s p a id J a n . 1 9 0 7 : 3 % w a s
a g a in p a id J u ly 1 9 0 7 .
In 1908, 6 % .
In 1909, J a n ., 3% ; J u ly , 3 % .
R O A D .— O p e r a te s 2 5 .7 m ile s o f t r a c k , o f w h ic h 5 m ile s le a s e d t o S e a b o a r d
A ir L in e . 4 5 c a r s. S ta n d a r d g a u g e . 4 0 , 5 6 a n d 6 0 - lb . r a il.
E A R N I N G S .— F o r 12 m o n th s e n d . D e c . 31 1 9 0 8 , g r o s s , $ 3 5 8 ,4 9 7 ; n e t ,
$ 1 7 9 ,7 5 1 ; c h a r g e s , $ 1 4 1 ,1 4 1 ; I m p r o v e m e n t f u n d , $ 1 4 ,8 4 0 ; d i v id e n d s , $ 1 5 ,
0 0 0 ; s u r p lu s , $ 8 ,7 7 0 .
O F F I C E R S .— P r e s ., C h a r le s F . W a lla c e ; V . - P . , E , H o w a r d G e o r g e ; S e c .,
C le m e n t R . F o r d ; T r e a s ., H e n r y B . S a w y e r ; G c n .M g r s . a n d T r a n s f e r A g t s .
S t o n e & W e b s t e r , B o s t o n .— V . 8 2 , p . 5 0 9 ; V . 8 3 , p . 1 5 9 0 ; V . 8 4 , p . 9 3 1 .
(1) C o lu m b u s P o w e r C o .
O R G A N I Z A T I O N .— Is a c o n s o lid a t io n In M a rch 1 9 0 6 o f t h e C o lu m b u s
P o w e r C o ., t h e C o w e ta P o w e r C o . a n d t h e C h a tt a h o o c h e e F a lls C o . E n tir e
c o m . s to c k a n d p a r t o f t h e p r e f. Is o w n e d b y th e C o lu m b u s E le c tr ic C o .
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 1 ,5 0 0 ,0 0 0 .........................
P r e f, $ 1 ,5 0 0 ,0 0 0 , $ 1 0 0 , 6% 1
________
3 5 0 ,0 0 0 ____________
n o n - c u m , red a t 1 0 5 _______ / _____
1 s t m t g e , $ 4 ,0 0 0 ,0 0 0 , g o ld .) 1 9 0 6
5 g A -O
1 ,3 7 5 ,0 0 0 A p r il 1 1 9 3 6
g u a r _______________________ c / l n t . a t C o r a m o n w . T r . C o ., B o s t o n , T r u s t e e .
G o ld n o t e s , $ 2 5 0 ,0 0 0 , g u a r ,
1906
5 g A -O
2 5 0 ,0 0 0 A p r il 1 1911
p r in c ip a l a n d I n te r e s t, b y / R e d e e m a b le a t p a r o n a n y I n t e r e s t d a t e .
C o lu m b u s E le c tr ic C o _____ j I n t e r e s t a t N a tio n a l C it y B a n k , N e w Y o r k .
B o n d s . — O f t h e $ 4 ,0 0 0 ,0 0 0 a u t h o r iz e d , $ 2 ,6 2 5 ,0 0 0 a r c r e se r v e d for
fu tu r e p u r p o s e s . A re g u a r ., p . & I ., b y C o lu m b u s E le c tr ic C o
A s in k in g
fu n d o f 1 % o f b o n d s o u t c o m m e n c e s A p r il 1 1 9 1 2 . B o n d s s u b j e c t t o c a ll a s
a w h o le (o r In p a r t fo r s in k in g fu n d ) a t 1 1 0 a n d I n t e r e s t o n a n y In t. d a t e .
P L A N T .— C o n tr o ls b y o w n e r s h ip o r le a s e d e v e lo p e d w a t e r p o w e r on
C h a tta h o o c h e e R iv e r a g g r e g a tin g 9 ,0 0 0 h . p . A ls o o w n s s te a m p la n t o f
3 ,0 0 0 h . p . In c it y o f C o lu m b u s .
P r o p o s e s t o h a v e a n u lt im a t e h y d r a u lic
d e v e lo p m e n t o f 7 5 ,0 0 0 h . p .— V . 8 2 , p . 5 1 2 .
COLUM BUS, OHIO.
COLUMBUS
R Y . & L IG H T CO.— T r o lle y a n d e le c t r ic lig h t .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n M a y 12 1 9 0 3 a n d a c q u ir e d
u n d e r le a s e t h e C o lu m b u s R y . C o . a n d t h e C o lu m b u s E d is o n C o . a t a r e n ta l
o f g u a r a n t e e d d iv id e n d s a t t h e r a te o f 5 % p e r a n n u m o n t h e p r e fe r r e d s t o c k
o f t h e fo rm e r a n d 6 % p e r a n n u m o n t h e p r e fe r r e d s to c k o f t h e l a t t e r , a n d 5 %
p e r a n n u m o n t h e c o m m o n s to c k o f e a c h , t h e d iv id e n d s o n t h e c o m m o n
o f e a c h c o m p a n y to c o m m e n c e S e p t . 1 1 9 0 3 .
H o ld e r s o f com m on s t o c k o f
th e t w o c o m p a n ie s w e i e a llo w e d t o s u b s c r ib e t o t h e s t o c k o f t h e n e w c o m
p a n y t o t h e a m o u n t o f t h e ir p r e s e n t h o ld in g s , 2 0 % t o b e p a id In c a s h a n d
th e r e m a in d e r s u b j e c t t o c a ll, b u t n o t m o r e t h a n 1 0 % In a n y o n e y e a r .
See V . 7 6 , p. 1142.
L e a se w a s s lig h t ly a m e n d e d In J a n . 190 0 (V . 8 2 , p .
100) a n d b o n d s a n d s to c k o f t h e C o lu m b u s R y . C o . a r e to b e t a k e n b y t h e
le s s e e a t p a r In p a y m e n t o f a d v a n c e s m a d e b y t h e le s s e e fo r c o n s tr u c t io n
a n d I m p r o v e m e n t o f p r o p e r ty .
In J u ly 19 0 6 t h e U . S . C o u rt g r a n t e d a
p e r p e tu a l I n ju n c tio n r e s tr a in in g t h e c i t y fro m e n f o r c in g a n o r d in a n c e
p a s s e d In 19 0 4 r e d u c in g t h e c h a r g e fo r e le c t r ic it y .
V . 83, p . 94, 323.
O n M arch 4 1907 le a s e d fo r 50 y e a r s t h e C o lu m b u s T r a c t io n C o ., w h ic h Is
t h e s u c c e s s o r t o t h e C e n tr a l M a r k e t S t r e e t R y .; fo r t e r m s o f le a s e s e e t h a t
c o m p a n y b e lo w .
O n S e p t . 1 4 1 9 0 8 s t o c k h o ld e r s r a tif ie d le a s e o f t h e C o lu m b u s L ig h t , H e a t
& P o w e r C o ., a f te r t h e l a t t e r h a d a c q u ir e d th e p r o p e r ty o f t h e C o lu m b u s
P u b lic S e r v ic e C o . — s e e s t a t e m e n t b e lo w .
V . 87, p. 740.
S h a r e h o ld e r s o f th e C o lu m b u s E d is o n C o . (se e b e lo w ) v o t e d M arch 2 1 9 0 8
to in c r e a s e a u t h o r iz e d c o m m o n s t o c k fro m $ 4 5 0 ,0 0 0 to $ 7 5 0 ,0 0 0 a n d p r e
ferred fro m $ 5 5 0 ,0 0 0 to $ 7 5 0 ,0 0 0 .
V . 86, p . 288, 796.
STO C K —
D a te.
In te re st. O u tsta n d in g .
D iv id e n d s .
I $ 5 ,0 0 0 ,0 0 0 1
S t o c k , $ 5 , 0 0 0 ,0 0 0 .........................................
Q u a r . 1 2 0 % p a id I n ./ O c t . ’0 0 ,
%
E A R N I N G S .— O f C o lu m b u s R y . & L ig h t C o. fo r c a l. y e a r 1 9 0 8 : G r o s s ,
$ 2 ,3 0 0 ,7 4 6 ; n e t , $ 1 ,1 1 5 ,1 4 1 ; fix e d c h a r g e s , $ 9 6 8 ,0 1 8 ; d i v id e n d s , $ 1 0 0 ,0 0 0 ;
s u r p lu s , $ 4 7 ,1 2 3 .
1 9 07: G ro ss, $ 2 ,2 5 6 ,5 1 9 ; n e t , $ 1 ,1 0 2 ,6 4 0 ; fix e d c h a r g e s ,
$ 9 1 1 ,0 5 9 ; d i v id e n d s , $ 7 5 ,0 0 0 ; s u r p lu s , $ 1 1 6 ,5 8 1 . T o t a l p a s s e n g e r s c a r
r ie d , I n c lu d in g tr a n s f e r s , w a s 6 1 ,0 4 5 ,7 9 0 , a d e c r c a s o o f 5 4 1 ,6 8 8 f r o m 1 9 0 7
D iv id e n d s .— F ir s t d lv . o n C o lu m b u s R y . & B ig h t s t o c k , 1 % , w a s p a id
J a n . 15 1 9 0 6 , a n d 1% w a s a g a in p a id J u ly 16 1 9 0 6 ; In 1 9 0 7 , J a n . 1 , 1% ;
J u ly 1 5 , 1% ; a n d a lso y % O c t. 1 9 0 7 .
In 1 9 0 8 , F e b ., >4%: A p r ., y % ;
J u n e , y % ; O c t ., y i % .
I n 1 9 0 9 , J a n . , y % ; A p r ., y2 % ; J u l y , y % \
O c t ., H % .
P R O P E R T I E S C O N T R O L L E D .— T h e C o l. R y . < L ig h t o p e r a te s 1 0 9
&
m ile s o f tr a c k 5 .6 o f w h ic h Is a n e w s u b u r b a n lin e a n d 12 m ile s i n te r u r b a n .
A lso le a s e s C o lu m b u s T r a c t io n lin e s , 16 m ile s . C o n tr o ls p r a c tic a lly a ll o f
th e e le c t r ic lig h t , p o w e r a n d h o t - w a t e r h e a t in g b u s in e s s o f C o lu m b u s .
O F F I C E R S .— P r e s ., R o b e r t E . S h e ld o n ; 1 s t V . - P ., G en . M gr. a n d T r e a s .,
E . K . S te w a r t: 2 d V . - P ., C . M . C lark; S e c . a n d A u d it o r , P . V . B u r ln g t o n .
A s s t . S e c . a n d A s s t . A u d ., H . M . B u r ln g t o n .— V . 8 6 , p . 2 8 4 , 4 2 0 ; V . 8 7 ,
p . 9 6 , 3 4 6 , 5 1 3 , 7 4 0 , 1478; V . 8 8 , p . 1 4 3 0 , 1499; V . 8 9 , p . 6 6 6 .
C O L U M B U S R A IL W A Y CO.
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g . L a s t d lv .,A c
S t o c k , c o m m o n , $ 3 ,5 0 0 ,0 0 0 )
/S e p t 1 1909
5 Q -M
$ 3 ,0 0 0 ,0 0 0 1
1H%
($ 1 0 0 ) ...................... .................... / ____
S t o c k , p r e fe r r e d $ 3 , 5 0 0 ,0 0 0 )
/ A u g 2 1909
( $ 1 0 0 ), 5 % c u m g u a r ............J _____
5 Q -F
3 , 5 0 0 ,0 0 0 )
1H %
Col S t R y 1 s t. $ 3 ,0 0 0 ,0 0 0 ,1 1 8 9 2
5 g J -J
3 ,0 0 0 ,0 0 0 J u ly l 1 9 3 2
g o ld _____________________ c* / i n t e r e s t a t E . W . C lark & C o ., P h ila d e lp h ia .
/K n ic k e r b o c k e r T r u s t C o ., N . Y . , T r u s t e e .
C r o ssto w n 1 s t m t g e , g o ld , g u . ) 18 9 3
5 g J -D
5 7 2 ,0 0 0 J u n e 1 1 9 3 3
p rln & I n t _________ ______ c * /K n ic k e r b o c k e r T r u s t C o ., N . Y . , T r u s t e e .
Col R y 1 s t c o n s o l m tg e , $ 7 . 1 1 8 9 9
4 Q -J
3 , 4 2 8 ,0 0 0 O c t 1 1 9 3 0
0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) , g o ld , c * / l n t e r c s t a t U n io n S a v in g s B a n k < s T r u s t C o .
S
B o n d s a r e r e d e e m a b le a f te r /
o f C in c in n a t i, T r u s t e e , a t E . W . C la rk it
O c t 1 1 9 1 4 a t 105 a n d In t.J
C o ., P h ila d e lp h ia , o r a t c o m p a n y ’s o f f i c e .
B o n d s . — T h e C rosstow n Street R y . 1 s t m t g e . Is fo r $ 2 ,0 0 0 ,0 0 0 , o f w h ic h
$ 5 7 2 ,0 0 0 a r e o u t s ta n d in g ; t h e r e s t h a v o b e e n c a n c e le d .
P r in c ip a l a n d
in te r e s t o f t h e C r o s s to w n b o n d s w e r e g u a r a n t e e d b y t h e o ld C o lu m b u s
S tr ee t R y . C o.
O f t h e $ 7 ,0 0 0 ,0 0 0 m tg e . o f 1 8 0 9 o f t h e C o lu m b u s R y . , $ 1 ,5 0 0 ,0 0 0 w e r e
Issu ed In p a y m e n t fo r t h e C o lu m b u s C e n t. R y . p r o p e r ty : $ 3 ,0 0 0 ,0 0 0 w ill
b e h e ld In t r u s t t o r e tir e t h e C o lu m b u s S t . R y . a n d t h e C o lu m b u s C o n so l.
S t r e e t R R . b o n d s , $ 5 7 2 ,0 0 0 t o r e tir e t h e C r o sst w n m t g e . b o n d s a n d $ 3 0 0 ,
0 0 0 t o t a k e u p u n s e c u r e d 4 % n o t e s o f t h e C o lu m b u s S t r e e t R y .; $ 1 ,6 2 8 ,0 0 0
w a s r e se r v e d to b e u s e d h e r e a fte r fro m t im e t o t im e In m a k in g e x t e n s i o n s .
I m p r o v e m e n ts a n d a d d it io n s — $ 6 2 8 ,0 0 0 u p o n a 2 -3 v o t o o f d ir e c t o r s , t h e
o th e r $ 1 ,0 0 0 ,0 0 0 o n ly o n a v o t e o f s to c k h o ld e r s .
T h is c o v e r s t h e w h o le
$ 7 ,0 0 0 ,0 0 0 .
In t h e ta b le a b o v e w c r e p o r t a s o u t s t a n d in g $ 3 ,4 2 8 ,0 0 0 .
T h is In c lu d e s $ 1 ,5 0 0 ,0 0 0 is s u e d In p a y m e n t for t h e C o lu m b u s C e n tr a l R y . ,
$ 3 0 0 ,0 0 0 iss u e d u n d e r t h e c la u s e p r o v id in g fo r t h e r e tir e m e n t o f 4 % n o t e s
a n d $ 1 ,6 2 8 ,0 0 0 u n d e r t h e c la u s e s c o n c e r n in g I m p r o v e m e n t s .
F r a n c h is e s .— C ir c u it C o u rt a t C o lu m b u s . O ., o n J u n o 25 1 0 0 3 h a n d e d
d o w n a d e c is io n s u s ta in in g t h e c la im o f t h e C o lu m b u s R y . t o p e r p e tu a l
fra n ch ise r ig h ts o n c e r ta in s t r e e t s . V . 7 7 , p . 3 5 .
C O L U M B U S E D IS O N CO.
STO C K A N D B O N D S —
D a te .
In terest. O u tsta n d in g .
M a tu r ity .
5 Q -M
$ 6 4 2 ,9 0 0 S e p t ’0 9 , l H %
C o m m o n ($ 1 0 0 ) $ 7 5 0 ,0 0 0 ......................
6Q J
7 4 2 ,9 0 0 O c t ’0 9 , 1 ^ %
P r e f 6 % c u m ($ 1 0 0 ) $ 7 5 0 , 0 0 0 ..............
Col E le c 1 st m tg e , g o ld , g u a r . ------6 g M -N
4 5 0 ,0 0 0 N o v 1 1922
5 g A -O
3 0 0 ,0 0 0 A p ril 1 19 2 9
Col E d El 1st m tg e , g o ld , g u a r ..............
B o n d s. — B o t h u n d e r ly in g lie n s a r e g u a r a n t e e d b y C o lu m b u s E d is o n C o .
(1) C o lu m b u s T r a c tio n C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N — I n c o r p o r a te d In O h io o n D e c . 26 19 0 6 a n d is s u c
c e sso r t o t h e C e n tr a l M a r k e t S t r e e t R y . , so ld u n d e r c r e d it o r ’s b ill In F e b ,
r u a r y 1 0 0 6 , s u b j e c t t o t h e $ 5 0 0 ,0 0 0 b o n d s .
N e w c o m p a n y Is le a s e d to t h e
C o lu m b u s R y . & L t. C o . fo r 5 0 y e a r s u n t il 1 9 5 7 , r e n ta l b e in g 5 % o n p r e f.
s to c k ; c o m . s to c k r e c e iv e s 1 % o n J a n . 1 a n d J u ly 1 1 9 0 8 a n d J a n . 1 1 9 0 9 ;
i y % o n J u ly 1 1 9 0 9 a n d J a n . 1 1 9 10; 2 % J u ly 1 1 9 1 0 a n d J a n . 1 1911 a n d
H % q u a r t e r ly t h e r e a f t e r . T h e C o l. R y . & L ig h t C o . o w n s $ 2 5 0 ,0 0 0 o f
th e p r e f. s t o c k , le a v in g $ 2 5 0 ,0 0 0 in t h e tr e a s u r y o f T r a c t io n C o . fo r b e t t e r
m e n ts a n d I m p r o v e m e n t s , a n d o w n s a ll o f t h e c o m m o n o f t h is c o m p a n y .
F ranchise p r o v id e s t h a t t ic k e t s s h a ll b e s o ld 8 for 25 c e n ts a n d t h a t a 5 - c c n t
ra sh tr a n sfe r b e Issu ed t o a ll lin e s e n t e r in g o r u s in g t h e C o lu m b u s L o n d o n
& S p r in g fie ld R y . C o . I n te r u r b a n lo o p
In te re st.
O u tstanding M a tu r it y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
STO C K A N D B O N D S —
D ate.
________________________ $ 5 0 0 ,0 0 0
S e e C o m tm o n , $ 5 ,7 5 0 ,0 0 0 ( $ 1 0 0 ) ............................................
tex .
$ 5 ,7 5 0 ,0 0 0 .........................
C o m m o n , $ 5 0 0 ,0 0 0 ---------------- -------------------________________________ 2 5 0 ,0 0 0
S e e Pt f . x6t% c u m , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ..............
e
.
6 Q -J 5 0 0 ,0 0 0 O c t ’0 9 .1 H %
P r e fe r r e d , $ 5 0 0 ,0 0 0 . . - ------------------------------5 0 0 ,0 0 0 J a n 1 1 0 2 2
1 s t m t g e , $ 2 ,0 0 0 ,0 0 0 , g o ld l 190 4 5 g M -S
1 ,2 5 0 .0 0 0 M ch 1 192 4
C en t M ar 1st m tg e , $ 5 0 0 ,0 0 0 ,1 1 0 0 2
5 g J -J
( $ 1 , 0 0 0 ) _________________ c * ] l n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s .
(told ( $ 1 ,0 0 0 ) ........................ c* j I n t e r e s t a t N . Y T r u s t C o ., N Y . , T r u s t e e .
7 4 3 ,0 0 0 M a y 1 1 9 2 6
B o n d s . — A s in k in g fu n d o f 5 % o f g r o s s r e c e ip ts c o m m e n c e s a f te r 5 y e a r s . G en A r e f m t g e , g o ld , $ 6 ,-1 19 0 6 5 g M -N
2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) _______ c ’ J I n t . a t G ira rd T r u s t C o ., P h l la . , T r u s t e e
E n tir e is s u e is s u b j e c t t o c a ll a fte r 5 y e a r s a t 1 1 0 a n d I n te r e s t.
C B L A N 1 s t m t g e . $ 1 ,5 0 0 ,-1 19 0 1 5 g M -N
1 ,2 4 3 ,0 0 0 N o v 1 1921
R O A D .— C o n s is ts o f 16 m ile s o f tr a c k , a ll in c i t y o f C o lu m b u s .— V . 8 4 ,
0 0 0 , g o ld ( $ 1 ,0 0 0 ) _______ c ’ J I n t . a t K n ic k e r b o c k e r T r . C o .. N . Y . . T r u s .
p. 51, 338.
Z a n e s v ille R y , L t A P o w 1 s t) 190 2
5 g A -O 15
7 5 0 ,0 0 0 O c t 15 191 2
(2) Columbus Light, Heat & Power Co
c o n s m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 ? l n t . a t C e n t. T r . A S . D . C o ., C in e ., T r u s t e e ,
L ea se .— H a s b e e n le a s e d to C o lu m b u s R a ilw a y A L ig h t C o . fo r 50 y e a r s
($ 5 0 0 , $ 1 ,0 0 0 ) , g o ld ____ c*J
o r T r u s t C o . o f A m e r ic a , N e w Y o r k .
fro m 1 0 0 8 , w it h r e n e w a l p r iv ile g e s . L e a s e p r o v id e s fo r 0 % o n o u t s t a n d in g
R e g is tr a r , G u a r d ia n T r u s t A S a fe D e p o s it C o ., Z a n e s v ille , O h io .
b o n d s a n d p r e fe r r e d s t o c k o f c o m p a n y , a n d d iv id e n d s o n c o m m o n b e g in n in g
Z a n e s v E le c 1 s t m t g e , $ 2 5 0 ,-1 1 8 9 9
4 g F -A
2 5 0 ,0 0 0 J a n 1
1919
In 1 0 0 0 a t 3 % , 101 0 4 % , 1011 a n d th e r e a f t e r 5 % q u a r t e r ly . V 8 7 , p . 5 4 7 .
0 0 0 , g o ld , s u b j e c t t o c a ll ^ I n t e r e s t a t I n te r n a tio n a l T r u s t C o ., B o s t o n ,
a f te r 1 9 0 3 , $ 1 ,0 0 0 e a c h . . c j
T r u s te e .
O R G A N I Z A T I O N .— I n c o r p o r a te d A u g . 1 1 0 0 8 In O h io , a n d a c q u ir e d
B o n d s . — O f t h e $ 6 ,2 5 0 ,0 0 0 n e w b o n d s , $ 3 ,7 7 1 ,0 0 0 a r e r e s e r v e d t o r e tir e
t h e p r o p e r ty o f C o lu m b u s P u b lic S e r v ic e C o . p e r p la n in V . 8 7 , p . 3 4 6 , 5 4 7 .
In te re st. O u tsta n d in g .
M a tu r ity . p r io r lie n s a n d $ 1 ,7 3 6 ,0 0 0 fo r b e t t e r m e n t s a n d e x t e n s i o n s . T h e y a r e s u b
D ate.
STO C K A N D B O N D S—
j e c t t o c a ll a f te r 5 y e a r s a t 1 0 5 a n d I n te r e s t.
U n d e r t e r m s o f t h is m t g e . ,
...........
$ 2 0 0 ,0 0 0
Sec te x t
C o m m o n , $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) ------n o n e o f t h e $ 7 5 0 ,0 0 0 1 s t m t g e . b o n d s u n is s u e d c a n n o w b e Is su e d . T h e
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P r e f, 0 % , $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) - 7 5 0 ,0 0 0 F e b 1 1024 e n t ir e Issu e o f C o l. N e w . A Z a n e s v . 1 s t 5 s c a n b e c a lle d a t 1 1 0 a n d In t. o n
6 F -A
Gv'n i n t g c , $ 1 ,0 0 0 ,0 0 0 ($5001 1008
a n y ln t . d a t e . V . 8 0 , p . 1 2 3 4 . T h e C o l. B u c k . L . A N e w . b o n d s a r e s u b
a n d $ 1 ,0 0 0 ) g o ld ...... ............... (
j e c t t o c a ll o n a n y In t. d a t e a t 1 1 0 a n d In t o n 3 m o n t h s n o t ic e .
S to c k a n d B o n d s .— T h e p re fe r r e d s to c k is r e d e e m a b le a f te r J a n . 1 1 0 1 2 .
R O A D .— O p e r a te s a b o u t 9 4 m ile s o f t r a c k fr o m C o lu m b u s t o Z a n e s v ille ,
I n t e r e s t o n g e n . m t g e . b o n d s is g u a r , b y t h e C o lu m b u s R y . A L t . C o . T h e
in c lu d in g t h e c i t y lin e s in Z a n e s v ille , N e w a r k a n d G r a n v ille , a n d a b r a n c h
o u t s t a n d in g b o n d s a r e b e in g u s e d to t a k e u p $ 7 5 0 ,0 0 0 C o l. P u b lic S e r v ic e
to B u c k e y e L a k e . S t a n d a r d g a u g e : 6 0 a n d 7 0 - lb . T r a il a n d 9 0 - lb . g ir d e r .
C o. b o n d s , t h e g r e a te r p a r t h a v in g a lr e a d y b e e n e x c h a n g e d .
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A lso o w n s a m u s e m e n t p a r k o n B u c k e y e L a k e .
r e s e r v e d for i m p r o v e m e n ts a n d e x t e n s i o n s .— V . 8 7 , p . 3 4 6 , 5 4 7 , 1 4 8 1 .
O F F I C E R S .— P r e s .. D a n a S t e v e n s : V . - P .. J . B . F o r a k e r J r .: S e c . a n d
T r c a s ., F . A . H e a l y . — V . 8 3 , p . 3 6 , 2 1 3 , 6 2 5 ; V . 8 6 , p . 1 5 8 9 ; V . 8 7 , p 3 7 .
OHIO ELECTRIC RAILWAY CO.
I n c o r p o r a te d M a y 1 0 0 7 in O h io w it h $ 1 0 0 ,0 0 0 c a p it a l.
O n A u g . 27 19 0 7
t h is w a s I n c r ea se d t o $ 2 5 ,0 0 0 ,0 0 0 , h a lf c o m m o n a n d h a lf p r e fe r r e d .
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S e p t 1 1 9 0 7 p u r c h a s e d t h e L im a A T o le d o T r a c . C o ., w h ic h o w n e d t h e lin e
fr o m L im a t o T o le d o , a n d le a s e d t h e L im a E le c . R y . & L t . C o ., w h ic h
o p e r a te s in t h e C it y o f L im a , a n d t h e F t . W a y n e V a n W e r t & L im a T r a c .,
w it h a lin e fro m L im a , O h io , t o F t . W a y n e , I n d .
A ls o a c q u ir e d b y le a s e t h e
I n d ia n a C o l. A E a s t . T r a c ., w h ic h c o m p a n y a s s ig n e d t o lt t h e le a s e s o f
C o l. N e w a r k & Z a n e s v ille E le c . R y . a n d D a y t o n A W e s te r n T r a c .
On
F e b . 1 1 9 0 8 p u r c h a s e d th e C in e. N o r t h e r n T r a c . a n d a c q u ir e d fr o m t h a t
c o m p a n y its le a s e o f C in e . D a y . A T o le d o T r a c t io n .
I n c lu d in g c it y lin e s in Z a n e s v ille , N e w a r k , L im a , H a m ilt o n a n d o t h e r
p o in t s , o p e r a tin g m ile a g e is 6 1 7 .4 2 m ile s , e x t e n d in g fr o m Z a n e s v ille o n
tile e a s t v ia N e w a r k t o C o lu m b u s , t h e n c e t h r o u g h S p r in g fie ld t o D a y t o n ,
a n d fr o m D a y t o n t o U n io n C ity , w h e r e c o n n e c tio n is m a d e w it h I n d ia n a
U n io n T r a c . fo r M u n c ie, A n d e r s o n a n d I n d ia n a p o lis , I n d ., a n d fr o m D a y t o n
to R ic h m o n d , I n d ., w h e r e c o n n e c tio n Is m a d e w it h T . I I . I . & E . T r a c .
t o I n d ia n a p o lis .
E x t e n d in g n o r th fr o m S p r in g fie ld t h r o u g h U r b a n a a n d
B e lie f o n t a ln e t o L im a , a n d fr o m L im a t o D e fia n c e ; t o T o le d o , O ., a n d F t .
W a y n e , I n d .: a ls o fr o m D a y t o n t o C in c in n a t i, in c lu d in g G e r m a n t o w n , M t.
H e a l t h y a n d C o lle g e H ill b r a n c h e s . E le c tr ic l ig h t a n d p o w e r b u s in e s s Is
c o n d u c t e d In c it ie s o f Z a n e s v ille a n d L im a , a n d s t e a m h e a t in g p la n t In L im a .
STOCK A N D B O N D S —
D ate.
R ate % . O u tsta n d in g . D iv id e n d .
C o m m o n , $ 1 2 ,5 0 0 ,0 0 0 .........................................................
$ 8 ,0 0 0 ,0 0 0 .........................
P r e fe r r e d , $ 1 2 ,5 0 0 .0 0 0 ........................................................
8 ,0 0 0 ,0 0 0 _____ ______
S to c k .— P r e fe r r e d is e n t it le d t o d i v id e n d s o f 2 % In 1 9 0 8 , 3 % In 1 9 0 9 , 4 %
In 1 9 1 0 a n d 5 % th e r e a f t e r .
O F F I C E R S — P r e s ., W . K e s le y S c h o e p f: V . - P . & G e n . M g r ., D a n a
S t e v e n s ; V . - P ., .1. B . F o r a k e r ; S e c . a n d T r c a s ., F . A . I le a iy ; A s s t . S e c .
a n d T r e a s ., D e n n is J . D o w n in g .— V . 8 4 , p . 1 2 48; V . 8 5 , p . 5 3 1 , 6 0 1 , 1 1 44;
V . 8 6 , p . 33 8 ; V . 8 7 , p . 3 8 .
(1) The Indiana Columbus & Eastern Traction Co,— A t r o lle y r o a d .
L ea sed to th e O h io E le c tr ic R y . S e p t . 1 1 9 0 7 .
L a tter co m p a n y g u a r a n
te e s I n te r e s t o n b o n d s a n d 5% d lv s . o n p r e f. s t o c k , a n d o w n s e n t ir e c o m . s t k .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n A p ril 14 19 0 6 a n d h a s a c
q u ir e d t lie D a y t o n S p r in g fie ld & U r b a n a E le c . R y . , t h e C o lu m b u s L o n d o n
A S p r in g fie ld R y . , t h e C o lu m b u s G r o v e C ity A S o u t h w e s t e r n R y . , t h e
U r b a n a B e lie f o n t a ln e & N o r th e r n R y . , t h e S p r in g fie ld & W e s te r n R y . , t h e
D a y t o n A N o r th e r n T r a c tio n C o ., a n d a b o u t 12 m ile s o f t h e D a y t o n A
M u n clo T r a c t io n C o ., e x t e n d in g fr o m G r e e n v ille t o U n io n C it y , o n t h e
I n d la n a - O h lo S t a t e lin e .
H a s a ls o a c q u ir e d t h e C o lu m b u s A L a k e M ic h ig a n
R R „ a s te a m r o a d , o p e r a tin g b e t w e e n L im a a n d D e f ia n c e , w h ic h w ill bo
c o n v e r te d t o e le c t r ic it y .
L e a se s th e D a y to n A W e s te r n T r a c t io n C o . a n d t h e C o lu m b u s N e w a r k A
Z a n e s v ille E le c . R y . . w h ic h l a tt e r c o m p a n y h a d p r e v io u s ly a b s o r b e d t h e
C o lu m b u s B u c k e y e L a k e A N e w a r k T r a c t io n C o . a n d t h e Z a n e s v ille R y . L ig h t
A P o w e r C o. T h e s e le a s e s w e r e a s s ig n e d t o t h e O h io E le c . R y . S e p t . 1 1 9 0 7 .
T h e n e w g e n e r a l a n d r e fu n d in g m o r tg a g e b o n d s w ere lis t e d o n t h e P h ila
d e lp h ia S t o c k E x c h a n g e In F e b r u a r y 1 9 0 7 . V . 8 4 , p . 3 3 9 . S e c d e s c r ip tio n
o f b o n d s , p r o p e r ty , A c ., in V . 8 3 , p . 3 7 .
In te re st. O u tsta n d in g .
M a tu r ttv .
STO C K A N D B O N D S —
D ate
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C o m m o n , $ 1 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..............
5%
1 ,0 0 0 ,0 0 0
S ee tex t.
P r e fe r r e d , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ---------5 g M -N
6 .0 4 5 ,0 0 0 M a y 1 1 9 2 6
G en a n d ref m tg e , $ 1 2 ,0 0 0 ,- ' 1906
0 0 0 , g o ld ( $ 1 ,0 0 0 ) _______c* I n t .a t P a .C o .fo r I n s .o n L .A G .A .,P h l la .,T r u s .
19 0 0
5 g A -O
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1901
5 J -J
5 ,0 0 0 J u ly 1 1921
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m tg e , $ 2 5 0 ,0 0 0 ($ 1 ,0 0 0 ) . c / N e w Y o r k T r u s t Co
N e w Y o rk , T r u ste e.
D a y S p g A U r b 1st m t g e ,! 18 9 8
5 g M: N
7 5 0 ,0 0 0 N o v 1 1 9 2 8
/ I n t e r e s t a t N . Y . T r u s t C o ., N Y . , T r u s t e e .
$ 7 5 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) .
B o n d s .— O f t h e $ 1 2 ,0 0 0 ,0 0 0 g e n . a n d r e f. m t g e . b o n d s , $ 6 ,6 4 5 ,0 0 0 h a v e
b e e n I ssu ed fo r p u r c h a s e o f p r e s e n t p r o p e r tie s a n d I m p r o v e m e n t s a n d fo r
r e tir e m e n t o f u n d e r ly in g b o n d s; $ 1 ,2 5 5 ,0 0 0 a r e h e ld t o r e tir e t h e u n d e r ly in g
lie n s g iv e n In ta b ic a b o v e .
T h e r e m a in in g $ 4 ,1 0 0 ,0 0 0 a r e r e se r v e d fo r f u tu r e
b e t t e r m e n t s , I m p r o v e m e n ts a n d e x t e n s io n s , a n d c a n o n ly b e Issu e d a s f o l
lo w s - $ 5 0 0 ,0 0 0 w h e n n e t In c o m e is e q u a l to 1 1 -1 0 tim e s in t . c h a r g e s o n a ll
bond's I n c lu d in g t h o s e to b e Issu ed , a n d $ 3 ,6 0 0 ,0 0 0 w h e n n e t is e q u a l t o 1 H
t im e s in t c h a r g e s in c lu d in g l n t . o n b o n d s to b e is s u e d . T h e s e b o n d s a r c s u b
j e c t t o c a ll in w h o le , b u t n o t In p a r t , a f te r M a y 1 1911 a t 1 0 5 a n d l n t . $ 4 ,r
9 0 0 0 0 0 o f th e s e n e w b o n d s w e r e s o ld t o a s y n d lc a t o h e a d e d b y D r e x o l A C o.
o f P h lla . T h e C o lu m b u s L o n d o n A S p r in g fie ld b o n d s m a y bo c a llo d a tto r
1 9 0 6 a t 110 a n d l n t .
A s in k in g fu n d o n th o so b o n d s o f 5% o f g r o s s e a r n in g s
b e g a n w it h y o a r e n d in g S e p t . 3 0 1 9 0 6 . S e e V . 7 1 , p . 9 6 3 . T h e D a y . S p r in g
field A U r b a n a b o n d s a r c s u b j e c t t o c a ll a t 1 1 0 a n d l n t .
A s in k in g fu n d o f
5% o f g r o ss e a r n in g s b e g a n In 1 9 0 3 .
R O A D .— C o lu m b u s t o -M organs, C o lu m b u s th r o u g h S p r in g fie ld t o D a y
t o n . D a y t o n t o U n io n C ity ; S p r ln g lle ld t o L im a , t h r o u g h L im a t o D e iia n c e ,
O h io , a t o t a l o f 2 5 9 .2 8 m ile s .
.
O F F I C E R S .— P r e s ., D a n a S t e v e n s ; V . - P s ., D . G . E d w a r d s a n d J . 13.
F o r a k e r J r .; S e c ., W a lte r A . D ra p er; T r c a s ., F . A H e a l y .— V 8 3 , p . 3 7 ,
1 5 5 , 3 8 0 , 6 2 6 , 1098; V . 8 4 . p . 3 3 9 ; V . 8 5 , p . 60 0 ; V . 8 6 , p . 72 1 ; V . 8 7 , p . 3 7 .
(a) Dayton & Western Traction.— T r o lle y ro a d
O R G A N I Z A T I O N .— In c o r p o r a te d o n J u n e 26 1 8 9 8 . W a s le a s e d o n J u n e
15 1906 t o I n d . C o lu m . A E a s t . (V . 8 2 , p . 1 4 3 7 ).
F o r t e r m s , s e e b e lo w .
STO C K A N D B O N D S—
D ate
Interest. O u tsta n d in g .
L a stD lv .
S t o c k , $ 9 0 0 ,0 0 0 ( $ 1 0 0 ) ............................
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p r e f, $ 8 5 0 ,0 0 0 , 5 % ,1
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c u m ( $ 1 0 0 ) _________________ ) _____
D iv id e n d s. — L e a s e t a k in g e ffe c t J u n e 15 19 0 6 p r o v id e s fo r 5% p er a n n u m
on p r e f. s t o c k a n d 5% o n c o m . s to c k in 1 9 0 6 a n d 1 9 0 7 , 5J-S% in 1 9 0 * a n d
6% t h e r e a fte r .
R O A D .— D a y t o n , O h io , t o R ic h m o n d , I n d ., 4 0 m ile s , w i t h b r a n c h fro m
N e w W c s tv I U e t o N e w P a r is , 2 H m ile s; t o t a l , 4 2 'A m ile s . A t R ic h m o n d
c o n n e c tio n is m a d e w it h T e r r e H a u t e I n d . A E a s t . T r a c ., t h u s m a k in g
a th r o u g h lin e fro m I n d ia n a p o lis , v ia D a y t o n , t o C o lu m b u s , a d is t a n c e o f
184 m ile s .
V . 8 2 , p . 1437; V . 8 3 , p . 3 6 , 9 4 , 3 7 9 .
O F F I C E R S .— P r e s , a n d T r c a s ., V a le n t in e W in te r s ; V . - P ., J . H . W in te r s ;
S e c .. R . R . Dflcke; A s s t . S e c . a n d T r c a s .. F . A . F u n k h o u s e r . a ll o f D a y t o n .
(b) Columbus Newark & Zanesville Electric R y . — A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n J u ly 2 1 9 0 2 , a n d In M a y
1904 a b s o r b e d t h e N e w a r k A G r a n v ille S t r e e t R y .
In M a y 1 9 0 6 a c q u ir e d
t h e C o lu m b u s B u c k e y e L a k e A N e w a r k T r a c tio n C o ., t h e p r e fe r r e d s h a r e
h o ld e r s b e in g g iv e n $ 5 0 0 ,0 0 0 In p r e f. s to c k fo r th e ir h o ld in g s . A ls o t o o k
o v e r t h e Z a n e s v . R y . L ig h t A P o w e r C o . a n d w a s t h e n le a s e d o n J u n e 23
1906 t o t h e I n d ia n a C o lu m . A E a s t. T r a c . C o . fo r l e n g th o f fra n ch ise a n d
r e n e w a ls th e r e o f
R e n t a l Is In te r e s t o n b o n d s , a n a m o u n t e q u a l t o 6 % o n
t h e p referred s to c k a n d $ 5 0 0 fo r o r g a n iz a t io n e x p e n s e s .
V . 83, p . 625.
E n tir e c o m m o n s to c k la o w n e d b y O h io E le c tr ic R y . C o .
(2) Lima & Toledo Traction Co.—
A c q u ir e d b y p u r c h a s e b y t h e O h io E le c tr ic R y . A u g . 3 1 1 9 0 7 , w h ic h c o m
p a n y o w n s a ll c o m m o n a n d p r e fe r r e d s t o c k .
O R G A N I Z A T I O N .— O r g a n iz e d o n M a rch 23 1 9 0 5 a n d le a s e s t h e L im a
E le c tr ic R y . A L t . C o . a n d t h e F t . W a y n e V a n W e r t A L im a T r a c t io n C o.
H a s m a d e a c o n t r a c t w it h W e s te r n O h io R y . fo r s u p p ly o f p o w e r fr o m t h a t
c o m p a n y u n t il 1 9 1 3 . S t r e e t r a ilw a y fra n ch ise s in L im a e x p ir e in 1 9 3 2 .
S T O C K A N D B O N D S .—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................................$ 2 ,0 0 0 ,0 0 0 .............................
P r e f $ 1 ,0 0 0 ,0 0 0 5 % n c ($ 1 0 0 ) _ . . .
................
1 ,0 0 0 .0 0 0 .........................
1 st m o r t g a g e $ 2 ,7 5 0 ,0 0 0 g o l d ) 1 9 0 7
5 g M -N
2 ,2 5 0 ,0 0 0 M a y 1 192 7
($ 1 ,0 0 0 ) ......................................c j I n t . a t P r o v id e n t L ife A T r . C o . . P h lla , T r u s .
B o n d s . — A r e s u b j e c t t o c a ll 5 y e a r s a f te r d a t e a t 1 0 5 . N o s in k in g fu n d .
R O A D — H a s a lin e fr o m L im a to T o l e d o , w h ic h w a s c o m p le t e d in 1 9 0 8 .
A ls o le a s e s t h e L im a E le c . R y . A L t . , 12 m ile s , a n d t h e F t . W a y n e V a n W e r t
A L im a T r a c . C o ., 64 m ile s .
L e a s e s w e r e a s s ig n e d to O h io E le c . R y .
S e p t. 1 1907.
O F F I C E R S .— P r e s ., D a n a S t e v e n s ; V . - P . , J . B . F o r a k o r J r .; S o o ., W a lte r
A . D ra p o r; T r e a s u r o r , F . A . H o a ly .— V . 8 5 , p . 2 2 1 , 2 8 4 , 6 0 1 .
(a) L im a E le c tr ic R a ilw a y & L i g h t .— A t r o lle y ro a d
O R G A N I Z A T I O N .— T h e c o m p a n y Is a c o n s o lid a t io n c o m p le t e d A u g . 1
1 9 0 0 o f t h e L im a R y . (In c o r p o r a te d N o v . 5 1 8 9 6 ) a n d t h e L im a E le c tr ic
L ig h t A P o w e r C o . C a p ita l s t o c k w a s In c r e a se d in S e p t . 1 9 0 5 fr o m $ 8 5 0 ,
0 0 0 t o $ 1 ,2 5 0 ,0 0 0 . V . 8 1 , p . 1 1 0 0 . W a s le a s e d J u ly 1 1 9 0 5 t o t h e L im a A
T o le d o T r a c t io n , w h ic h le a s e w a s a s s ig n e d t o O h io E le c . R y . S e p t . 1 1 9 0 7 .
S T O C K A N D B O N D S .—
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ____________
____ ______ $ 1 ,2 5 0 ,0 0 0 ............................
L im a R y 1 s t m t g e
$ 2 0 0 ,0 0 0 ) 1 8 9 6
5 g J -D
1 4 5 ,0 0 0 D e c
1 1916
g o ld ( $ 5 0 0 ) _______________c * ) I n t . a t C itiz e n s ’ S a v . A T r . C o ., C le v e la n d ,
j
T r u s te e ; a ls o a t F o u r t h N a t . B k ., N . Y .
L im a E le c L t A P o w e r g o ld )
1900
5 g J -D
4 0 ,0 0 0 J u n e 1 19 1 7
1 st M $ 8 5 ,0 0 0 ( $ 1 ,0 0 0 ) - .c * J I n t . a t C le v e . T r u s t C o ., C le v e .. T r u s t e e .
L im a E le c R y A L t g o ld l s t f 1 9 0 0
5 g J -J
2 6 0 ,0 0 0 J u ly 1 1 9 1 6
c o n m tg e $ 5 0 0 ,0 0 0 ($ 5 0 0 )c * ( I n t . a t C le v e . T r . C o ., C le v e ., T r u s t e e , or
l S t a n d a r d T r u s t C o .. N e w Y o r k .
2d C o n so l m t g e ,
$ 8 5 0 ,0 0 0 1 1 9 0 2
5 g A -O
3 5 0 ,0 0 0 A p r il 1 1 9 2 5
g o ld ( $ 1 .0 0 0 ) ____________c M I n t . a t F i d e li t y T r . C o ., B u ff a lo , T r u s t e e .
L im a E le c R y A L t R e f u n d ’g l 19 0 5
5 g \f-S
4 3 5 ,0 0 0 S e p t 1 1 9 2 5
m tg e $ 1 ,2 5 0 ,0 0 0 g o ld ______J I n t . a t G irard T r u s t C o ., P h l la . , P a .
B o n d s .— O f t h e fir st c o n . m t g e . g o ld 5 s , $ 2 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e
t h e t w o a b o v e p r io r lie n s . T h e L im a R y . b o n d s m a y b e c a lle d In 1 9 0 7 a t
p a r , o n 4 w e e k s ’ n o t ic e , a n d t h e L im a E le c . L t . A P o w e r b o n d s m a y be
c a lle d o n a n y I n te r e s t d a y o n 3 0 d a y s n o t ic e .
O f t h e $ 8 5 0 ,0 0 0 2d c o n s o ls ,
$ 5 0 0 ,0 0 0 a r c r e se r v e d t o r e tir e a lik e a m o u n t o f fir st c o n s o ls T h e s e b o n d s
a re a lie n o n t h e e le c t r ic lig h t a n d h e a t in g p la n t , a s w e ll a s o n t h e r a ilw a y .
C a n n o t b e c a lle d b e fo r e m a t u r i t y .
See V. 75 , p . 7 9 .
R O A D .— O w n s 12 m ile s o f t r a c k , a ls o a s t e a m - h e a t in g p la n t ( fr a n c h is e
p e r p e tu a l, o p e r a te d In c o n n e c tio n w it h t h e e le c t r ic - lig h t in g p l a n t ) .
C on
t r a c t o r d in a n c e fo r c i t y l ig h t in g e x p ir e s A p ril 1 9 1 9 .
O F F I C E R S .— P r e s ., D a n a S t e v e n s ; V . - P . , J . B . F o r a k e r J r . , C in c in n a t i;
S e c . a n d T r e a s ., F . A . H e a l y , C in c in n a t i.— V . 8 1 , p . 1 5 5 , 1 1 0 0 .
(b) Fort W a y n e V a n W e r t & L im a T r a c t io n Co.— A t r o lle y r o a d .
O R G A N I Z A T I O N .— O n M c h . 1 1 9 0 6 w a s le a s e d , u n t il e x p ir a t io n o f fr a n
c h is e s a n d r e n e w a ls t h e r e o f , t o L im a A T o le d o T r a c t io n C o ., w h ic h g u a r a n
t e e s t h e b o n d s , p . A 1. V . 8 2 , p . 6 9 1 . L e a s e w a s a s s ig n e d t o O h io E le c . R y .
S ep t. 1 1907.
T h e l a t t e r c o m p a n y o w n s a ll t h e c o m . s t o c k .
I n c o r p o r a te d
In I n d ia n a a n d O h io .
R o a d Is e n t ir e ly o n p r iv a te r ig h t o f w a y . e x c e p t In
t o w n s , w h e r e l t h a s 2 5 o r 5 0 - y e a r fr a n c h is e s .
S T O C K A N D B O N D S .—
D a le.
In terest
O u tsta n d in g .
M a tu r ity .
C o m m o n $ 1 ,0 0 0 0 0 0 ( $ 1 0 0 ) . ________
__________ $ 1 ,0 0 0 ,0 0 0 ......................
P r e f $ 1 ,0 0 0 ,0 0 0 5 % n c ( $ 1 0 0 ) -------------------------1 ,0 0 0 ,0 0 0 .............. ..........
1 st m o r t g a g e $ 2 ,0 0 0 ,0 0 0 g o ld ! 1 9 0 5
5 g J -J
1 ,4 0 0 ,0 0 0 J u l y 1 103 0
ii
P h l n .. n u o i.e
g u a r a n t e e d l s i!. uon u i ____ cn* lmi>. , ai>t rF i d eiliy y T r . C o . r u u la . , T r u s t e e .
om
j in t a m n i t
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 b o n d s . $ 6 0 0 ,0 0 0 a r e r e se r v e d (o r e x t e n s i o n s
an d Im p ro v em en ts. V . 8 2 ,p .6 9 1 .
A r e n o t s u b j e c t t o c a ll.
R O A D .— 64 m ile s o f t r a c k fr o m F t . W a y n e v i a N e w H a v e n , M o n r o e v ille .
C o n v o y , V a n W e r t , M ld d le p o ln t . D e lp h o s a n d E lld a t o L im a . C o m m e n c e d
c o m p le t e o p e r a tio n N o v . 15 1 9 0 5 . C o n n e c ts a t F t . W a y n e w it h t h e F t .
W a y n e A W a b . V a l. T r a c . a n d a t L im a w it h t h e O h io E le c . R y . , a n d fo r m s
p a r t o f t h r o u g h l in e fro m F t . W a y n e t o T o le d o a n d t o S p r ln g lle ld , D a y t o n
a n d C o lu m b u s .
S t a n d a r d g a u g e , 7 0 - lb . T r a il.
O F F I C E R S .— P r e s ., D a n a S to v o n s ; V . - P ., J. B . F o r a k e r J r .; S e c . a n d
T r e a s ., F . A . H e a l y .— V . 8 2 , p . 6 9 1 , 8 0 4 ; V . 8 3 , p . 3 7 .
(3) Cincinnati Dayton & Toledo Traction Co.— T r o lle y .
L e a s e d to t h e O h io E le c tr ic R y . C o .; s e e te r m s b e lo w .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n M a y 19 1 9 0 2 , a n d Is a c o n
s o lid a t io n o f t h e S o u t h e r n O h io T r a c t io n C o ., t h e C in c in n a t i A N o r t h
w e s te r n R y . , t h e M ia m lsb u r g A G e r m a n to w n T r a c t io n C o . a n d t h e H a m i l
to n A L I n d c n w a ld E le c . T r a n s . C o .
V . 7 4 , p . 8 8 4 , 1 0 3 7 . F r a n c h is e s are
fo r 25 a n d 5 0 y e a r s . A n Issu e o f $ 2 5 0 ,0 0 0 p r e fe r r e d s t o c k w a s m a d e in
A p ril 1 9 0 5 t o t a k e u p flo a t in g d e b t .
V . 80. p. 1362, 1478, 1728.
L ea se. — W a s le a s e d t o t h e C in c in n a t i N o r t h e r n T r a c t io n C o . M ay 1 1905
for l e n g th o f fr a n c h is e a n d r e n e w a ls t h e r e o f .
L e a s e tr a n sfe r r e d to O h io
E lo o . R y . C o . F e b . 1 1 9 0 8 . T h o le s s e e Is t o p a y a ll flx o d c h a r g e s , in
c lu d in g In te r e s t o n t lie $L 5 0 0 .0 0 0 b o n d s , a n d in a d d it io n It a g r < . s to
p a y $ 2 5 ,0 0 0 t h e fir st y e a r , $ 3 7 ,5 0 0 t h e s e c o n d y e a r , $ 5 0 ,0 0 0 t h e t h ir d
y e a r , $ 5 0 ,0 0 0 t h e fo u r th y e a r , $ 6 2 ,5 0 0 t h e fifth y e a r , $ 7 5 ,0 0 0 t h e s ix t h y e a r ,
$ 8 7 ,5 0 0 t h e s e v e n t h y e a r , $ 1 0 0 ,0 0 0 t h e e ig h t h y e a r , a n d a n a d d i t io n a l
$ 1 2 ,5 0 0 p e r y e a r w h e n t h e a n n u a l g r o s s e a r n in g s o f t h e le s s e e fr o m o p e r a t io n
s h a ll a m o u n t t o $ 1 ,2 0 0 ,0 0 0 , a n d in c r e a s in g a t t h e r a te o f $ 1 2 ,5 0 0 p e r y e a r
w it h e a c li $ 1 0 0 ,0 0 0 o f in c r e a s e In g r o s s e a r n in g s , u n t il t h e a m o u n t t o b e p a id
Is $ 2 0 0 ,0 0 0 ; a lso $ 2 ,0 0 0 p e r a n n u m fo r o r g a n iz a t io n a n d o f fic e e x p e n s e s STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity C o m m o n , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............
J -J
$ 5 , 0 0 0 ,0 0 0
S ee tex t.
J -J
2 5 0 ,0 0 0 S e e t e x t
P r e f ., $ 2 5 0 ,0 0 0 , 5 % c u m ......................
C ln . D a y . A T o l. 1 st c o n s .l
1 9 0 2 5 g J -J
2 ,7 0 0 ,0 0 0 J u ly 1 L>22
M .,$ 5 ,0 0 0 ,0 0 0 ,g . ( $ l ,0 0 0 ) c * J I n t . a t C le v e la n d T r u s t C o ., T r u s t e e .
S o u t h e r n O h io T r a c . 1 s t c o n s .
$ 2 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o ld , c * 1 9 0 0
5 g M -N
1 , 3 5 0 ,0 0 0 M a y
1 ’20
I n t e r e s t a t C le v . T r u s t C o .. T r u s t e e , o r a t S t a n d a r d T r u s t C o ., N . Y .
C ln .A H a m . E l c c . 1 st g . ($ 5 0 0 )1
1898 6 g J A J
4 0 0 .0 0 0 A p r . 1 191 8
$ 5 0 0 ,0 0 0 , n o t s u b . t o c a l l . / I n t . a t C i t .S a v . A T r . C o ., C le v e ., T r u s t e e .
D a y to n
T r a c t io n
1 s t M .,1
1 8 9 6 5 g J -J
2 5 0 ,0 0 0 J u ly 1 1916
g . ( $ 1 ,0 0 0 ) , ln t . g u a r . . c*J I n t . a t F in a n c e C o . o f P e n n . , P h l l a . , T r u s t e e .
H a m ilt o n
A
L ln d e n w a ld l
E le c . T r a n s it 1 s t M . s . f . ) 1 9 0 1
5 g J -D
2 5 0 ,0 0 0 D e c . 1 1911
$ 2 5 0 ,0 0 0 g . ( $ 1 ,0 0 0 ) , c*J I n t e r e s t a t C le v e la n d T r u s t C o ., T r u s t e e .
M la tn . A G er m . 1 s t . g u a r . .\
1901 5 g J - D
5 0 ,0 0 0 D e c . 1 1911
( $ 5 0 ,0 0 0 )
g . ( $ 1 .0 0 0 ) . c * / I n t e r e s t a t C in c in n a t i T r u s t C o .. T r u s t e e .
B o n d s . — N o n e o f t h e Issu es a r e s u b j e c t t o c a ll. O f t h e $ 5 , 0 0 0 ,0 0 0 C ln .
D a y . A T o l. T r a c . is s u e , $ 2 ,3 0 0 ,0 0 0 Is r e se r v e d t o r e tir e p r io r l ie n s . S e e
V . 8 1 , p . 154.
O f t h e $ 2 ,0 0 0 ,0 0 0 S o . O h io T r a c t io n b o n d s , $ 0 5 0 ,0 0 0 a r e r e se r v e d t °
r e tir e C in . So H a m . E le c t r ic b o n d s a n d D a y t o n T r a c t io n b o n d s .
Issu
lis t e d o n P h ila d e lp h ia S t o c k E x c h a n g e .
T h e H a m . & L in d . E le c . T r a n , b o n d s c a n n o t b e c a lle d b e f o r e m a tu r ity ;
a s in k in g f u n d , h o w e v e r , Is p r o v id e d , b e g in n in g w it h D e c . 1 1 9 0 6 , o f 5 % ,
a n d I n c r e a s in g b y 1 % a d d it io n a l e a c h y e a r u n t il 1 0 1 1 .
D iv id e n d s . — 5 % p e r a n n u m Is p a id o n t h e p r e f . s t o c k . O n c o m m o n d i v i
d e n d s a r e b e in g p a id In a c c o r d a n c e w ith t e r m s o f le a s e .
R O A D .— O w n s 8 3 .9 3 m ile s o f tr a c k ( I n c lu d in g s e c o n d t r a c k a n d s id in g s ) ,
c o n n e c tin g C in c in n a ti w it h D a y t o n ..I n c lu d in g t h e G e r m a n t o w n , M t. H e a lt h y
a n d C o lle g o H ill b r a n c h e s ; a ls o I n c lu d in g t h e H a m ilt o n C it y lin e s .
R oad
b e t w e e n H a m ilt o n a n d D a y t o n Is b e in g r e c o n s t r u c t e d o n p r iv a t e r ig h t o f w a y
— V. 8 1 , p . 154.
COLUM BUS
DELAW ARE
&
A IA R IO N
RY— A
h o ld in g
com pany.
V R e c e iv e rsh ip .— O n S e p t . 2 7 1 9 0 9 G e n . M g r. G e o . W h y s a ll w a s r e m o v e d
a s io o - r e c e iv e r a n d E ll W e s t w a s g i v e n e n t ir e c h a r g e .
V. 89, p. 348, 847.
A c r e d it o r s ’ c o m m i t t e e h a s b e e n fo r m e d a n d P r e s id e n t W e b b h a s a g r e e d
to a s s ig n a ll h is p r o p e r ty t o t h e c o m m i t t e e a s t r u s t e e s . S e e V . 8 9 , p . 5 2 8 ,
•'>92. I t is a s s e r t e d t h a t I n t e r e s t o n fir s t r e fu n d in g m t g e . b o n d s d u e A u g . 1
1909 h a s n o t b e e n p a id .
R e c e iv e r w a s a u t h o r iz e d t o b o r r o w $ 7 ,0 0 0 to p a y
i n t e r e s t d u e S e p t . 1 1 9 0 9 o n C o l. N o r . R y . , P o w e r & E q u ip , b o n d s .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In O c t . 1 9 0 4 a n d o w n s t h e
e n tir e c a p i t a l s t o c k s o f t h e C o lu m b u s D e la w a r e So M a r lo n E le c t . R R . ( $ 1 ,0 0 0
0 0 0 ) t h e M a r lo n R y . L ig h t So P - w e r O o . ( $ 5 0 0 ,0 0 0 ) a n d t h e C o lu m b u s
N o r th e r n R y . P o w e r Sc E q u ip . C o . ( $ 3 0 0 ,0 0 0 ) .
T h e s a m e o r a f filia t e d
In te r e s ts o n l r c l t h e M arlo n & W e s te r n R y . L ig h t & P a v e r C o ., th e
M a r lo n & S u b u r b a n R y . a n d t h e C o lu m b u s M a rlo n <e B u c y r u s R R .
S
ST O C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity
com m on . $ 2 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 2 ,1 0 0 ,0 0 0 ____
P r e f. “ A ” 6% c u m . $ 5 0 0 ,0 0 0 .................
......................
................ .. ......
P r e f. " B ” 1 -6% c u m $ 4 0 0 , 0 0 0 . ____
_______ ____
__________
1 s t r e f m t g e . , $ 2 , 5 0 0 ,0 0 0 ,) 1 9 0 4
5 g F -A
9 1 5 ,0 0 0 A u g . 1 1944
g o ld ($ 5 0 0 & $ 1 , 0 0 0 ) . . c * J I n t . a t M e r c a n tile T r . C o ., N . Y . t T r u s t e e .
S to c k .— T h e p r e f. " A ” a n d p r e f. **B” s h a t e s w e r e c r e a t e d In 1 0 0 8 (V . 86
p . 1 2 8 4 ) , a n d d iv id e n d s o n b o t h a r c c u m u la t iv e , b u t t h o s e o n t h e “ B ”
sh a v e s a r e e n t it le d t o o n ly 1% t h e fir st y e a r , w ith a n a d d it io n a l 1% for ea ch
y e a r t h e r e a f t e r u n t il 6% Is r e a c h e d .
B o n d s . — O f t h e n e w r e f. m tg e . $ 1 ,5 8 5 ,0 0 0 a r e r e s e r v e d t o r e tir e t h e b o n d s
o f t h e C o l. N o . R y . P . So E . C o ., t h e M a r lo n R y . , L t . St P . C o . a n d t h e C . D .
<> M . E lec. R lt.
3
O F F I C E R S .— P r e s ., J o h n O . W e b b ; V . - P . , O . M . G o ts c h a ll; S e e ., H e n r y
B . H a n e ; T r e a s ., N . J . C a tr o w ; G e n . M g r ., G eo r g e W h y s a l l.— V . 8 0 , p . 1 1 7 ;
V . 9 6 , p 5 4 6 , 1284; V . 8 9 , p . 3 4 8 , 52 8 , 5 9 2 , 8 47.
(1) Columbus Delaware & Marion Electric RR.—
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 1 .
BO N D S—
D a te.
In te re st. O u ts ta n d in g . M a tu r ity .
1 s t ~ ' o r t g ., $ 1 ,0 0 0 ,0 0 0 , g o ld f 1 9 0 1
5 g M -N
$ 1 ,0 0 0 ,0 0 0 M a y 1 1921
($ 1 ,0 0 0 ) ................................. c * l I n t . a t C le v e la n d T r . C o ., C le v e la n d ,
( T r u s t e e , o r N a t . B a n k o f C o m . In N . Y .
B o n d s .— S e e V . 7 5 . p . 7 6 .
R O A D .— O p e r a te s a n e le c t r ic r a ilw a y o v e r p r iv a t e r ig h t o f w a y fro m
C o lu m b u s t o M a r lo n , p a s s in g t h r o u g h F r a n k lin , D e la w a r e a n d M a rlo n
c o u n t ie s . A ls o 7 m ile s In t h e C ity o f D e la w a r e , a t o t a l o f 57 m ile s .
O F F I C E R S .— P r e s ., J n o . G . W e b b ; V .- P . O . M . G o tt s c h a ll; T r e a s .,
H e n r y B . H a n c ; S e c ., J a s . S . W e b b ; G e n . M g r ., G e o . W h y s a ll.
O ffic e
R u g g e r y B u ild in g , C o lu m b u s . O .— V . 7 7 , p . 1 5 3 3 . 2 2 8 1 ; V . 8 0 , p . 1 1 7 .
R O A D .— O p e r a te s 8 .8 m ile s o f tr a c k fr o m C o lu m b u s t o G a h a n n a , I n c lu d
in g p e r p e tu a l le a s e o f 2
m ile s o f tr a c k s o f t h e C o lu m b u s R y . a s t e r m in a l;
g a u g e , 5 f t . 2 ( * In.; 65 lb . T r a il.
A n e x t e n s io n o f 1 7 K m ile s t o N e w
A lb a n y a n d J o h n s t o w n o v e r p r iv a te r ig h t o f w a y to b e b u ilt .
O F F I C E R S .— P r e s ., W in . I). B r lc k e ll; V . P. D a n ie l J . R y a n ; S e c .- T r c a e .,
a n d G e n . M a n ., L . P . S t e p h e n s .— V . 8 2 . p . 1 2 1 1 .
SC IO TO V A L L E Y T R A C T IO N C O .— T h ir d r a il.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io , w it h a p e r p e tu a l c h a r te r , In
1904.
B u il t o n p r iv a te r ig h t o f w a y . F ra n ch ise s e x t e n d b e y o n d m a t u r it y
o f 1st m tg e . b o n d s.
In 1 9 0 8 c a n c e le d $ 2 ,0 0 0 ,0 0 0 m tg e . o f 1 9 0 3 a n d m a d e
n e w m t g e . fo r $ 4 ,0 0 0 ,0 0 0 , w h ic h s e e b e lo w . S to c k h o ld e r s V o te d S e p t . 22
1 0 0 8 a u t h o r iz in g $ 5 0 0 ,0 0 0 n e w 5 % fir s t p r e fe r r e d s ti c k , w h ic h r a n k s
a h e a d o f p r e s e n t p r e fe r r e d s t o c k (V . 8 7 , p . 48 1 a n d 6 1 5 ) .
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r it y .
C o m ., $ 1 ,8 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 1 ,8 0 0 ,0 0 0
1 st p r e f, $ 5 0 0 ,0 0 0 , 5% c u m ...........................................
3 0 0 ,0 0 0
O ct 0 9 I K
P r e f ., $ 1 ,2 0 0 ,0 0 0 5 % c u m . ) ____
Q -J
1 ,2 0 0 ,0 0 0 O c t ’0 9 ,1 X
( $ 1 0 0 ) ...................... . ............. . _ /
1st m tg ,
$ 4 , 0 0 0 ,0 0 0 , g o l d ) 1 9 0 8
5 M -S
1 ,6 0 0 ,0 0 0 S o p t 1 1 9 2 3
($ 1 ,0 0 0 ) - ................. - .............c* / I n t . a t H a r r is T r . & S a v . B k ., C h ic ..T r u s t e e .
B o n d s . — T h e r e m a in in g $ 2 ,4 0 0 ,0 0 0 o f 1 s t m t g e . b o n d s c a n o n l y b e Issu ed
fo r 75 % o f c a s h e x p e n d it u r e s , a n d fo r p e r m a n e n t e x t e n s io n s a n d a d d it io n s
to p r o p e r ty , a n d o n ly w h e n n e t e a r n in g s a r e t w ic e t h e In te r e s t c h a r g e o n
o u t s t a n d in g b o n d s a n d t h o s e t o b e Issu ed .
B o n d s h a v e a s in k in g fu n d o f
1% p e r a n n u m o n b o n d s o u t 1 9 1 3 t o 1 9 1 7 , t h e r e a f t e r 2% p e r a n n u m .
T h e y a r e n o t s u b j e c t t o c a ll. S e e p a r t ic u la r s , b o n d s , p r o p e r t y . & c .. In
V . 87. p. 679.
D iv id e n d s .— D iv id e n d s o n o ld Issu e o f p r e f. s to c k w e r e t o a c c r u e fro m
O c t. 1 1 9 0 5 , b u t a m o u n t s d u e J a n . 1 1 9 0 6 a n d A p ril 1 1 9 0 6 w e r e r e lin q u is h e d
b y s h a r e h o ld e r s , a n d 1 s t d lv . ( 1 K % ) w a s p a id J u ly 1 9 0 6 a n d 1 X % O c t:
1906.
V . 82. p .1 4 4 0 .
In 1 9 0 7 .5 % .
In 1 9 0 8 . 5 % .
In 1 9 0 9 , J a n . . 1 X % ;
A p r ., 1 K % : J u l y , 1 K % ; O c t ., 1 K % E A R N I N G S .— F o r 12 m o n th s e n d i n g J u n e 3 0 1 9 0 9 , g r o s s . $ 3 8 3 ,0 6 4 ; n e t
( a ft e r t a x e s ) , $ 1 7 0 ,3 6 0 .
R O A D .— O p e r a te s 7 2 m ile s o f t r a c k fro m C o lu m b u s t o L a n c a s t e r a n d
fro m C o lu m b u s to C h llllc o th c .
Is o p e r a te d b y t h ir d -r a il s y s t e m . S t a n d a r d
g a u g e 7 0 - lb . T r a il.
W ith in c it y lim it s o f C o lu m b u s c o m p a n y o p e r a te s o v e r
tr a c k s o f C o lu m b u s R a i l w a y St L ig h t C o . u n d e r o p e r a tin g a g r e e m e n t .
O F F I C E R S .— P r e s , a n d M g r., F r a n k A . D a v is ; V . - P . , W . S . C o u r tr lg h t;
S e c a n d T r e a s ., E d w in R . S h a r p : S u p t . , C. S k in n e r .— V . 8 1 , p . 3 2 , 7 7 8 ,
1 5 5 1 , 1 6 6 1 ; V . 8 2 , p . 1 0 1 , 1 1 5 8 , 1 4 4 0 : V. 8 7 . p . 4 8 1 , 6 1 5 , 6 7 9 .
CONCORD, N. H.
C O N C O R D S T R E E T R A I L W A Y .— A tr o lle y r o a d e x t e n d in g fr o m t h e
c e n tr a l w a r d s o f C o n co r d t o P e n a c o o k .
C o m p r ise s 1 2 .7 1 m ile s o f t ia e k .
In J u n e 1901 c o n tr o l p a sse d t o t h e B o s t o n St M a in e R R ., a n d In 1 9 0 3 t h e
N e w H a m p s h ir e L e g is la tu r e a u t h o r iz e d t h e C o n co r d & M o n tr e a l R R .,
w h ic h Is le a se d t o t h e B o s to n & M a in e , t o p u r c h a s e t h e p r o p e r ty a n d to
Issu e s to c k a n d b o n d s t o p a y th e r e fo r .
CONN EAU T, OHIO.
C O N N E A U T & E R I E T R A C T IO N C O .— I r o ll e y .
R e ceiv ersh ip .— O n b t .p l. o ls)o 7 I t bel t M U n t s i n o f H a r r is b u r g , P a . ,
w a s a n p ln tc d r e c e iv e r f - r t h e c o m p a n y
n a p p ll- a t l n or t h e c r e d it o r s .
V . 85. p. 599.
R o a d w a s s o ld o n M a y 12 1 9 0 9 a t E r ie , P a . , u n d e r
(2) Columbus Northern Ry. Power & Equipment Co.—
fo r e c lo su r e o f first m t g e . o f 1 9 0 2 .
V . 88. p. 1061.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n O c t. 2 4 1 9 0 4 - t o e r e c t a
O R G A N I Z A T I O N — I n c o r p o r a te d In P e n n s y lv a n ia In 1 0 0 1 .
O w n s a ll
p o w e r h o u s e a t D e la w a r e a n d s u b - s t a t io n s t o s u p p ly e le c t r ic t y for pr"” ->- t h e s to c k a n d b o n d s a n d le a s e s t h e C o n n e a u t St E rie T r a c t io n C o. o f O h io ,
and h e a t.
R e c e iv e r o f C o l. D e l . & M a r lo n R y . w a s a u t h o r iz e d t o b o r r o w
w h ic h o w n s 1 .9 9 m ile s o f tr a c k .
F ra n ch ises a r e for 9911 y e a r s
m o n e y to p a y I n t e r e s t d u e S e p t . 1 1 9 0 9 .
V. 89, p. 592.
ST O C K A N D B O N D S —
D ate.
In terest. O u tsta n d in g .
M a tu r ity .
$ 8 0 0 ,0(10
BO N D S—
D a te.
In te re st.
O u tsta n d in g .
M a tu r ity - S t o c k , $ 8 0 0 ,0 0 0 ( $ 5 0 ) . ........................................................
R e f m t g e , $ 1 ,2 5 0 ,0 0 0 ($ 5 0 0 1 190 4
5 gM N
3 7 9 ,5 0 0 M a y 1 1 924
1st m o r t g a g e , $ 3 0 0 ,0 0 0 g o ld ) 1 9 0 4
5 g M S
$ 2 8 5 ,0 0 0 S e p t . 1 1 9 3 4
a n d $1 0 0 0 ) , g o l d ............e & r j ln t . a t F id e lit y T r u s t C o .. P h ila d e lp h ia ,T r u s .
($ 1 ,0 0 0 )
---------------------------c / I n t . a t S t a n d a r d T r u s t C o ., N . Y . , T r u s t e e .
1 s t m t g e , $ 8 0 0 ,0 0 0 . g ($5001 190 2
5 g M S
8 0 0 ,0 0 0 S e p t 1 1 92 2
O F F I C E R S .— P r e s ., J o h n G . W e b b ; S e c ., H e n r y B . H a n e ; T r e a s ., J a m e s
a n d $ 1 ,0 0 0 ) ...................... c & r / I n t . a t F id e lit y T r u s t C o .. P h ila d e lp h ia ,T r u s .
S . W ebb.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 8 6 ,8 3 4 .
In 1 9 0 7 , g ro ss,
(3) Marion Railway Light & Power Co.—
$ 7 0 ,5 9 3 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n J u n e 2 4 1 9 0 3 a n d Is a c o n
R O A D .— O p e r a te s 3 5 m ile s o f t r a c k from C o n n e a u t, O h io , t o E r ie , P a . ,
s o lid a t io n o f t h e M a r lo n S t r e e t R a ilw a y C o . a n d t h e M a r lo n E le c t r ic L ig h t m o s t ly o n p r iv a te r ig h t o f w a y .
S ta n d a r d g a u g e , 6 0 -lb . T r a ils .
E n te r s
<> P o w e r C o.
S
E rie o v e r tr a c k s o f t h e E r ie E le c tr ic M otor C o.
BO N D S—
D a te.
In te re st.
O u tsta n d in g . M a tuOityF I C E R S .— P r e s .. O. E . F ly n n ; V . P . . .j >nS. R illin g : S e e . a n d T r e a s ..
r F .
1st m o r t g ., g o ld ( $ l , 0 0 0 ) . c * ( 1 9 0 4
5 g J -J
$ 3 0 0 ,0 0 0 J u ly 1 1 9 2 4
J . M . S ” 1th: S u p t . , R . W . P a l >ier. P i - n f a l s t a t l n a n d g e n e ia l o f f i c e s ,
( I n t . a t S ta n d a r d T r u s t C o ., N . Y . , T r u s t e e .
E lk S t a t i o n , E r ie C o u n ty , P a . — V .7 9 , p .6 8 0 : V .8 5 , p .5 9 9 . 9 2 1 ; V . 8 8 „ p . l 0 0 l .
B o n d s . — N o s in k in g fu n d a n d b o n d s c a n n o t b e c a lle d .
R O A D .— 10 m ile s o f t r a c k In M a r lo n S t a n d a r d g a u g e .
6 0 a n d 8 0 - lb .
r a il.
CORNING, N. Y .
O F F I C E R S .— P r e s ., J o h n G . W e b b ; S e c ., G e o . W h y s a ll; T r e a s ., J a s . S .
C O R N IN G & P A I N T E D P O ST ST R E E T R Y .— A t r o lle y r o a d .
W e b b .— V . 7 7 , p . 8 0 .
O R G A N I Z A T I O N .— I n c o r p o r a te d D e c . 11 1 8 9 4 .
C om m enced N o v . 1
1 8 9 5 . C o n tr o l c h a n g e d h a n d s In 1 9 0 4 .
V . 8 0 , p . 16 2 .
(4) Columbus Atarion & Bucyrus RR. Co.—
R e ceiv ersh ip .— O n S e p t . 9 1 9 0 9 G e o . W h y s a ll o f M a r lo n a n d E . M . W e s t
STOCK A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r it y .
o f C o lu m b u s w e r e a p p o in t e d r e c e iv e r s .
D e f a u lt e d o n I n te r e s t d u e S e p t . 1 S t o c k , $ 1 0 ,0 0 0 ( $ 1 0 0 ) ................. ...................................
$ 1 0 0 ,0 0 0 1 9 0 5 - 0 6 .4 %
1909. V . 89 . p . 666.
1 st m o r t g a g e , $ 1 0 0 ,0 0 0 ............I 1 8 9 6
5 J -J
1 0 0 .0 0 0 J a n
1 1916
1
I n te r e s t a t B e a c o n T r u s t C o ., B o s t o n .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n J u l y 2 9 1 9 0 5 t o b u ild fro m
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 0 0 8 , g r o s s , $ 5 4 ,3 1 0 : n e t , $ 1 6 .
M arlon t o B u c y r u s , O h io , 22 m ile s . P u t In o p e r a tio n In J u ly 1 9 0 8 . 7 0 - lb .
9 2 2 ; I n t . a n d t a x e s , $ 9 ,0 7 5 ; I m p r o v e m e n t s , $ 5 ,6 3 8 ; s u r p lu s , $ 2 ,2 0 9 .
T r ail.
R O A D .— O w n s 5 .9 m ile s o f t r a c k , from C o r n in g to P a in t e d P o s t 14 e a r s .
ST O C K A N D B O N D S—
D a te.
In te re st. O u ts tm d ln g . M a tu r ity .
O F F I C E R S .— P r e s ., J . L . G r e a ts ln g e r , B r o o k ly n , N . Y .; V . - P .. C raig
S t o c k $ 5 0 0 ,0 0 0 ...................................................................... $ 5 0 0 ,0 0 0 . . .
G r a v e s , N e w Y o r k ; S e c ., K . V . D o u g h e r t y , N e w Y o rk : T r e a s ., B . A .
F ir st m o r t g a g e $ 5 0 0 ,0 0 0 ($ 1 ,-1 1 9 0 5
5 g M -S
5 0 0 ,0 0 0
S e p t 1 193 3
V a n T a s s e ll J r ., N e w Y o r k ; C o m p t ., F . E . R a m s e n .N e w Y o r k .— V .8 0 ,p ,1 6 2
0 0 0 ) g o l d ...............................- o * j I n t e r e s t a t C in c in n a t i T r u s t C o ., T r u s t e e .
B O N D S .— S in k in g fu n d o f $ 5 ,0 0 0 p e r a n n u m b e g in s S e p t . 1 1 9 1 0 . G u a r
a n t e e d , p r ln . a n d I n t ., b y e n d o r s e m e n t , b y C o lu m b u s D e la w a r e & M a rlo n
R y . C a n n o t b e c a lle d .
O F F I C E R S .— P r e s ., J . G . W e b b ; V . - P . G e o . H . H o lz b o g ; S e c ., H . B .
H a n e ; T r e a s ., J . S . W e b b .— V . 8 9 , p . 6 6 6 .
(5) Marion & Western Railway Light & Power Co.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n S e p t . 2 6 1 9 0 6 t o p u r c h a s e
t h e P r o s p e c t E le c t r ic L ig h t C o . a n d to b u ild fr o m P r o s p e c t to R lc h w o o d
O h io , 7 m ile s .
R o a d Is u n d e r c o n s t r u c t io n .
STO C K A N D B O N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
St- - It $ 2 0 0 , 0 0 0 ................. - __________
________
$ 2 0 0 ,0 0 0
1st m o r t g a g e $ 2 0 0 ,0 0 0 g o ld ) 1 9 0 6
5 g A -O
2 0 0 ,0 0 0
1936
($ 5 0 0 ) ---------------------------------( I n t e e s t a t C in c in n a t i T r u s t C o ., T r u s t e e .
B o n d s .— S u b j e c t t o c a ll a f t e r 1 9 1 2 a t 1 1 0 . S in k in g fu n d o f $ 5 ,0 0 0 p er
annu m a fte r 1912.
O F F I C E R S .— P r e s ., N . J . C a tr o w ; V . - P . , J .
W e b b ; T r e a s ., G . H .
H o lz b o g : S e c ., J . S . W e b b .
o.
(6) Alarion & Suburban Railway Co.—
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io S e p t . 2 5 1 9 0 6 t o b u ild t h e
n e c e s s a r y e x t e n s io n s o f t r a c k a g e t o t h e lo c a l M a r lo n C it y lin e s d e m a n d e d
b y t h e c i t y o f M a r lo n . U n d e r c o n s t r u c t io n .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S i n k $ 2 5 0 ,0 0 0 .............. .................. ...................................
$ 2 5 0 ,0 0 0 ____
1st. m o r t g a g e $ 2 5 0 ,0 0 0 g o ld ] 1 9 0 6
5 g A -O
2 5 0 ,0 0 0
1936 "
($ 5 0 0 ) ---------------------------------( I n t e r e s t a t C in c in n a t i T r u s t C o ., T r u s t e e .
B o n d s .— S u b j e c t t o c a ll a f t e r 1 0 1 2 a t 1 1 0 . S i n k in g fu n d o f $ 5 , 0 0 0 p e r
annu m a fte r 1912.
O F F I C E R S .— P r e s ., G e o . H . H o lz b o g ; V . - P . , J . G . W e b b ; T r e a s .. N . J .
C a tro w ; S e c ., H . B . H a n e .
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.—A
CO R TLAN D , N. Y.
C O R T L A N D C O U N T Y TRACT I O N .- T r o l l e y .
O R G A N I Z A T I O N .— Is a r e o ig a n lz a tlo n o n J u n e 2 2 1001 o f t h e C o r t la n d
So H o m e r T r a c t io n , so ld a t fo re c lo su re o n A p ril 23 10 0 1 .
In J u n e 1 9 0 5 a b
s o r b e d t h e C o r tla n d Sr H o m e r E le c tr ic C o ., p r e v io u s ly c o n t r o lle d .
Fur
n is h e s 1 7 0 a r c lig h t s t o t h e c it ie s o f H o m e r a n d C o r tla n d a n d a ls o 1 g h t t o
t h e p u b lic . C arries c o a l a n d fr e ig h t a s w ell a s p a s s e n g e r s .
In M a y 1 90 7
w a s g r a n te d p e r m is s io n to In crea se t h e c a p ita l s to c k from $ 3 2 0 ,0 0 0 t o $ 1 ,
0 0 0 ,0 0 0 a n d t o Issu e a n e w 1 st a n d r e fu n d in g m o r tg a g e o f $ 2 ,0 0 0 ,0 0 0 for
t h e p u r p o s e o f r e tir in g a ll o u t s t a n d in g I n d e b te d n e s s a n d fo r e x t e n s i o n s
a n d e q u ip m e n t u p t o J u n e 1 9 0 8 .
U p to J u n e 1009 b o n d s h a d n o t been
Issu ed .
STOCK AND BONDS—
Dale.
Interest.
O u tsta n d in g .
M a tu r ity .
________
$ 3 2 0 ,0 0 0 ___________
S t k . , c o m m o n , $ 3 2 0 ,0 0 0 ( $ 1 0 0 ) ____
1901
4 g A -O
1 8 0 ,0 0 0 A p ril 1 1 9 2 0
F ir s t
m o rtg a g e ,
$ 1 8 0 ,0 0 0 C o u n t y S a v . B k . & T r . C o ., S c r a n t o n , F a .,T r .
($ 5 0 0 ) g o l d .............................. c* I n t e r e s t a t c o m p a n y ’s o f f i c e . N o s in k in g f d .
C a n b e c a lle d o n 6 m o n t h s ’ n o t ic e .
N e w m o r t g a g e , $ 5 0 0 ,0 0 0 , g
1905
5 g F A
3 2 0 ,0 0 0 A u g 1 1035
( $ 5 0 0 a n d $ 1 , 0 0 0 ) _____
____ c. Interest at Empire Trust 0 >., N. Y ., Trustee.
B o n d s .— O f t h e $ 5 0 0 ,0 0 0 Issu e o f 1 9 0 5 , $ 1 8 0 ,0 0 0 are r e se r v e d t o r e tir e
p r io r lie n s . T h e y are s u b j e c t t o c a ll a f te r A u g . 1 191 0 a t 1 0 5 .
R O A D .— O p e r a te s 1 5 .9 2 m ile s o f tr a c k b e t w e e n C ) r t la n d , H o m e r , L i t t l e
Y o r k a n d P r e b le , a n d b e t w e e n C o r tla n d a n d M c G r a w v llle ; 3 3 c a r s.
E A R N I N G S .— F o r lls> al y e a r e n d in g J u n e 3 i li),>8, "T s,s, $ 7 4 ,4 4 9 - n e t
$ 2 8 ,2 4 7 : 't'> e r I n c ., $ 2 2 ,7 4 7 : t o t a l n e t I m o m e . $ 6 ) ,9 9 4 - c h r r e e s a m i
t i x e s , $ 3 2 ,0 2 2 s u r p lu s , $ 1 8 0 7 2
^
*
O F F I C E R S .— P r e s ., D . W . V a n H o e s c n ; V . - P ., E d w . II. B r e w e i; S e c ..
G . H . G a rriso n ; T r e a s . a n d G e n . M g r ., E d w in D u lf e y .— V . 8 1 , p . a 0 7 .
COVINGTON, K Y .
tr o lle y r o a d .
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION CO —
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n M a y 4 1 8 9 9 .
I n M a y 1 0 0 5 A t r o lle y r o a d .
c a n e B e d o ld m o r tg a g e for $ 2 0 0 ,0 0 0 a n d m a d e t h e n e w m o r t g a g e In t a b le
L ea se .— W a s le a s e d fr o m A p ril 1 1 9 0 7 t o t h e C o lu m b ia G a s So E le c tr ic C o.
b e lo w .
V. 80, p. 2399.
F r a n c h is e s a r e fo r 25 y e a r s .
B o n d s w e r e o ffe r e d
(In c o r p o r a te d In O h io ) fo r 4 5 y e a r s . T h e le s s e e g u a r a n t e e s I n te r e s t o n
l n 12.^,-iarS 8A ’riI*th a b 0 « u s o f 5 0 % In c o m m o n s t o c k .
5»
V . 82, p. 1211.
I b o n d s a n d 4 K % p e r a n n u m o n p r e fe r r e d s t o c k .
O n c o m m o n d iv id e n d s a r e
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity . 1 t o b e 3 % fo r first y e a r , I n c r e a s in g X % e a c h y e a r u n t il 6 % Is r e a c h e d , which
C o m ., $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................................
$ 4 0 0 ,0 0 0 ...............
Is t o b e t h e r a te t h e r e a f t e r .
S e c V . 8 1 . p . 4 4 9 , 7 3 0 ; a ls o te r m s In V . 8 4 ,
P r e f. ( 6 % c u m .) , $ 2 0 0 ,0 0 0 1 ...............................
2 0 0 ,0 0 0 ...............
p . 1 4 8 9 , u n d e r C o lu m b ia G a s & E le c tr ic .
($ 1 0 0 ) ............................................(
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d er t h e la w s o f N e w J e r s e y o n
* . * i 5 (,.° 0 0
g o ld f 1905
5 g J -J
S ee tex t Jan .
1925
M arch 11 1 9 0 2 a n d p u r c h a s e d a ll th e s to c k o f t h e U n io n L ig h t , H e a t &
($ 5 0 0 a n d $ 1 , 0 0 0 ) -----------( I n t . a t C o lu m b u s S a v . & T r u s t C o ., T r u s t e e ,
P o w e r C o . o f C o v in g to n a n d o f t h e C in c in n a ti N e w p o r t So C o v in g t o n R a ilw a y .
. . . .
,
,
l
o r Its a g e n c y In N e w Y o r k .
V . 7 4 , p . 5 7 6 . T h e la t t e r w a s o r g a n iz e d In 189 2 to b u y u p a n d c o n s o li d a t e
E n tir e I ssu es o f s t o c k ar e h e ld b y fo u r s to c k h o ld e r s .
a ll t h e r o a d s o n t h e K e n tu c k y sid e o f t h e r iv e r o p p o s ite C in c in n a t i.
B o n d s. — $ 5 0 ,0 0 0 Is r e se r v e d fo r p r io r lie n s a n d $ 4 0 0 ,0 0 0 a r e h e ld In tr e a s .
T h e C in c in n a ti C o v in g t o n & E r la n g c r S t r e e t R y . (p r o v id in g for a n e x t e n
to p r o v id e for e x t e n s io n s .
S ee V . 8 2, p. 1211.
s io n t o E r la n g c r , 7 » I m ile s ) . I n c o r p o r a te d S e p t . 1 8 9 9 w ith $ 2 5 0 ,0 0 0 s t o c k
R E P O R T .— F o r c a le n d a r y e a r 1 9 0 8 : G ro ss, $ 3 9 ,7 4 6 ; n e t a f t e r t a x e s
(s h a r e s , $ 5 0 ) , Is c o n t r o lle d a n d Is b e in g b u ilt o u t o f p r o c e e d s o f s a le o f t h e
$17^74
F o r 1 9 0 7 , G ro ss, $ 5 0 ,4 9 0 ; n e t a f te r t a x e s , $ 3 0 ,6 8 5 .
p r e f. s t o c k o f t h e n e w c o m p a n y .
A b o u t 3 m ile s h a v e b e e n c o m p le t e d .
STO C K A N D R O N D S—
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
C o m . $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................
$ 5 ,0 0 0 ,0 0 0 O c t . 1 5 * 0 9 ,1
Q-J
P r c f, 4 H %
n o n - c u m , $ 5 ,-)
0 0 0 .0 0 0 ( $ 1 0 0 ) ........................... / _____
4FS Q -J
4 . 5 0 ) , 0 0 0 O c t. 15*09,1 H
U n derlying B o n d s —
S o C o v & CIn 1 st m o r tg a g e
18 8 2
6 M -S
2 5 0 ,0 0 0 M a rch 1 9 1 2
( $ 1 ,0 0 0 ) ................................
VV. A . G o o d m a n , T r u s t e e .
2d c o n s o l m t g e , $ 5 0 0 ,0 0 0 , g
189 2
0 a: J -J
1 5 0 ,0 0 0 J a n
11932
($ 5 0 0 — $ 1 , 0 0 0 ) ......................... C o v in g t o n S a v . B k . & T r. C o ., T r u s t e e .
N e w p & D a y S t U y 1st M ____ 1887
...... ..
6 F -A
1 0 0 ,0 0 0 A u g 1 1 9 1 7
S
C in c in n a ti N ew port < t C ovington —
1 s t c o n s o l m tg e , g o ld , $ 3 ,-1 189 2
5 g J -J
$ 2 ,5 0 0 ,0 0 0 J u ly 1 1 9 2 2
0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) -------- c * & r /F a r m e r s ’ L o a n & T r u s t C o . o f N . Y . , T rust*
2d m o r t g a g e . $ 1 ,0 0 0 ,0 0 0 , g ,J 180 8
5 g J -J
8 0 0 ,0 0 0 J u ly 1 111*
( $ 1 .0 0 0 e a c h ) ...........................c i F a r m e r s ’ L o a n & T r u s t C o .. N . Y . T r u d e o
U nion L ig h t. H ea t & P ow er C o . —
I 1901
4 g M -N
$ 1 ,5 0 0 ,0 0 0 M a y 1 1 9 1 8
1 s t m t g e , $ 2 ,0 0 0 ,0 0 0 , g o ld I n t . a t N a t . R a n k o f C o m m e r c e , N Y .; F ir st
( $ 1 0 0 , $ 5 0 0 a n d $ 1 ,0 0 0 )c & r I N a tio n a l R a n k , C in c in n a t i, or a t G er m a n
_ „
... .
_ . , , _ l
N a t io n a l H a n k . C o v in g t o n .
B e lle v u e W a ter F & G L C o , ____
6 g J u
1 0 0 .0 0 0 D e c 1 1 9 1 2
m t g e , $ 1 0 9 ,0 0 0 ( $ 1 .0 0 0 ) . c * ( I n t . a t G er m a n N a t . R a n k . C o v in g t o n , K y
B o n d s . — O f th e fir s t consolidated oonds o f 1 8 9 2 o f t h e C . N . & O. R y .
$ 5 0 0 ,0 0 0 a r e d e p o s ite d w it h t h e tr u s t e e t o r e tir e a ll t h e u n d e r ly in g m o r tg a g e
b o n d s.
I h e p e r p e tu a l c h a r te r s o f c o n s t i t u e n t c o m p a n ie s a r c k e p t a l iv e ,
a n d th e ir c a p ita l s t o c k s a r e d e p o s ite d w it h t h e t r u s t e e a s c o lla t e r a l for th e
llr s t c o n s o ls .
I n t e r e s t o n t h o s e b o n d s Is p a y a b le a t t h e N a t io n a l R a n k o f
C o m m e r c e N e w Y o r k , F ir s t N a t io n a l R a n k , C in c in n a t i, a n d G er m a n N a
t io n a l R a n k , C o v in g t o n . 1 h e l n lo n L i g h t , H e a t fa P o w e r C o . b o n d s c a n be
c a lle d a f te r M ay 1 1 906 a t 110 a n d I n te r e s t.
O f t h e s e , $ 5 0 0 ,0 0 0 a r c a v a ila b le
fo r I m p r o v e m e n t s , a d d it io n s o r p u r c h a s e o f o t h e r c o m p a n ie s a t p a r fo r
a c tu a l c o s t.
^
X 1 D E N D S .— O n p r e fe r r e d 4 4 % is b e in g p a id .
O n c o m m in s to c k
? ™ „ d lv d c n d 1 ■ n W!|S n a i l d u ly tr> 100 7 a n d H % O e t . 15 190 7
'
In
19d8.
I" 1 0 0 9 , J a n . , %%-, A p r il, % % ; J u l y . 1 % ; O c t ., 1 % .
R O A D .— C o n n e c ts C in c in n a t i, N e w p o r t , C o v in g t o n , D a y t o n , B e lle v u e
L u d lo w , B r o m le y a n d F o r t T h o m a s . T o t a l In o p e r a tio n , 60 m ile s; la id
w it h 80 lb . J o h n s t o n g ird er a n d 7 2 1b. " T ” r a ils .
E A R N I N G S .— F o r 12 m o s. e n d in g O e t. 31 1 9 0 5 , g r o s s , $ 1 ,4 0 6 ,2 9 5 ; n e t
a fte r t a x e s $ 8 1 7 ,8 3 7 ; I n t .. $ 2 5 1 .0 0 0 ; d i v id e n d s . $ 1 8 7 ,2 0 0 ; s u r p lu s , $ 1 7 9 ,4 3 7
O F F I C E R S .— P r e s ., J a m e s C. E r n st; V . - P ., J a m e s M . H u tt o n ; S e c .
a n d T r e a s ., G eo r g e M . A b b o t t .— V . 8 3 , p . 1 2 2 8 ; V . 8 1 , p . 4 4 9 , 0 3 0 , 1 3 8 8
1 488; V . 8 8 , p . 8 2 4 .
_________
CUMBERLAND, MD.
C U M B E R L A N D & W E S T E R N P O R T E L E C T R IC R Y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— O r g a n iz e d In M a r y la n d o n A p r il 11 1 9 0 2 , b y s p e c ia l
A c t o f t h e L e g is la t u r e , a s s u c c e s s o r to t h e F r o s tb u r g E c k h a r t & C u m b e r la n d
R y.
H a s a b s o r b e d t h e L o n a c o n ln g M id la n d & F r o s tb u r g R y . a n d t h e
W e s te r n p o r t * L o n a c o n ln g .
STO C K A N D R O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k $ 1 .0 0 0 ,0 0 0 ( $ 5 0 ) _______ _______
___________
$ 3 0 8 100
W e s te r n p o r t ft L o n a c o n ln g ...... ...............
2 2 5 '0 0 0
F r ? 2 L B S )L & 9 ^ b. ^ s t
1901
5 K J - D 15
2 3 0 ,0 0 0
J u n e 102 8
$ 2 o 0 ,0 0 0 g ( $ 5 0 0 & $ l , 0 0 0 ) c * | I n t . a t R e a l E s t a t e T r u s t C o ., P h l la ., T r u s t .
L o n a c M id it F r o s t first m t g e / 1901
5 g J - D 15
2 0 0 ,0 0 0
J u n e 1928
$ 2 0 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) . - c * \ I n t . a t R e a l E s t a t e T r u s t C o .. P h l la ., T r u s t
C e r ta in o f t h e a b o v e is s u e s c a n b e c a lle d a f te r J u n e 15 1 9 1 0 a t 1 0 5 .
„ R O A D .— O p e r a te s 2 5 m ile s o f t r a c k b e t w e e n C u m b e r la n d , E lk h a r t ,
l r o s tb u r g , L o n a c o n ln g a n d W e s te r n p o r t; 6 0 , 7 5 a n d 9 2 - lb . T a n d g ird er
r ail; s ta n d a r d g a u g e .
O F F I C E R S .— P r e s ., D e W a r r e n I I . R e y n o ld s , C u m b e r la n d ; S e c . a n d
T r e a s ., D , P e r c y I la r t z e l l , C u m b e r la n d ; S u p t . , J . E . T a y lo r , F r o s tb u r g .
DALLAS, TEXAS.
D A L L A S E L E C T R IC C O R P O R A T I O N .— T r o lle y .
O R G A N I Z A T I O N . — I n c o i p o in t e d In N e w J e r s e y In 1 9 0 2 .
D o es an
e le c t r ic r a ilw a y a n d e le c t r ic l ig h t in g b u s in e s s In D a lla s b y v ir t u e o f th e
o w n e r s d p • 1. m i l l s 1 . .
1 a l e 1,, |m ,lc s
Fi a n e 'ils e s 1 su h s l
c o m p a n ie s e x p ir e 1 9 2 2 . S e e V . 8 4 , p . 1 5 7 . S h a r e h o ld e r s In J u l y 1 9 0 9
a u t h o r iz e d a n Issu e o f $ 2 ,0 0 0 ,0 0 0 fir st p r c f. s t o c k a n d It w a s s o ld In b lo c k s
o f 10 s h a r e s o f fir st p r e f. a n d 4 s h a r e s o f c o m m o n fo r $ 9 2 5 .
v . 89, p. 224.
F o r d e c is io n o n o c c u p a t io n t a x o n D a lla s s t r e e t r a ilw a y s , s e e V . 8 9 , p . 4 1 .
STO C K A N D B O N U S —
D a te.
In te re st. O u tsta n d in g . M a tu r it y
C o m m o n $ 3 ,0 0 0 ,0 0 0 ( $ 100) ....................................................$ 3 0 0 0 0 0 0
F ir st p r e f $ 2 ,0 0 0 ,0 0 0 6% c u m ..............
A -O
1 ,3 0 0 ,0 0 0 O c t ’09 ," 3 %
-al p f 3 2 ,0 0 0 ,0 0 0 5% n -c ( $ 1 0 0 ) ------A -0
2 ,0 0 0 ,0 0 0 O c t ’0 9 , 2%
5 g A -O
3 .8 7 6 ,0 0 0 A p ril 1 1922
F ir st c o ll a t HUM m tg e $ 4 , 0 0 0 , i 190 2
0 0 0 , g o ld ($ 1 0 0 , $ 1 ,0 0 0 ) . c * l I n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e .
N o t e s p a y a b le J u ly 31 1 0 0 9 - . . ........................................
9 7 5 ,2 4 2
B o n d s . — A s i n k i n g f u n d of 1 % per annum of o u tsta n d in g ’ bond s.Tf"earned"
com m encing O ct. 1 1904, Is provided: afte r G et. 1 1905 becomes a fixed
ciift go. J a u . I 15*09 $190,Ouii were held In sinking fund* Bonds can be
called as a w h e le o n a n y In terest d a te beginning O ct. 1 1904 a t 105 and
$ 1 0 0 0 each 25,000 ° f th e ,,<inds are ,n denom ination of $100, ri s t being
D iv id e n d s . — On second pref. sto ck In 1905. 214% : In 1006. 5%- In 1907
A p r.. 2 44%; none to O ct. 1909, when 2% was paid.
’
’
F .v lk
.— l,° r 12 m o ,,lhs ending Dec. 31 1008, gross, $1,169 968
ta x c s> 5 3 0 8 ,0 2 5 :8 l,rp u ,s’ » 1’287’
^
a n ? (8 U b ^ 'r l« ? WR3 l^ ,^ 4 5 Pt o a9 1 8 lb s . 6 7 1 7 ()1ca,rs! t
a
f
f
l
S
*
D aU aS
O F F IC E R S . - P r e s ., G uy E Tripp; V .-P ., R o b ert T . P aine 2d; Treas ,
H enry B Saw yer; Sec.. A lvah K. r aid. St.m e fa W ebster. B ston Audi
tors & T ran sf. AgtS,— V. 83, p . 323; V. 84, p . 157; V. 89, p . 4 1 , 224, 778.
TEXAS TRACTION CO.—A trolley road.
O R G A N IZ A T IO N .— In c o rp o rate d In Texas In 1006. Franchises run
for 50 y e a r, on tre c tf an d h ig h w ay .; re t of ro a d b u ilt on p riv a te rig h t of
STOCK AND B O N D S—
D ate.
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $2,000,000 ($100)......................................... $2,000,000
P ref $ 1 ,000,000 6 % cum ($ 100 ) ..................................
l.ooo.ooo
"
F irst m tge sinking fund $3.-1 1907
5 g J J -J
2.000.000 J a n . 1 1937
000,000 ($1,000) g - - -c*& rl In t. a t Old Colony T ru st Co.. B oston. T ru st
B o n d s .— Of th e $3,000,000 new m ortgage $1,000,000 Is reserved for future
Im provem ents and extensions. Bonds can be called a t 110 and accrued
In te re st on a n y In terest d a te upon 30 d a y s’ notice. A sinking fund of 5%
of gross e arn in g s, beginning Ju ly 1 1012, to be used In th e p urchase of bonds.
E A R N IN G S .— F o r y e ar ending Ju n e 30 1909, gross, $263,316.
R O A D ,— O perates an In teru rb an line betw een Dalla a n d Sherm an
60 miles. E n ters D alla over track of Dalla Electric S tree t R y. E ntire
p L ln. op eratio n Ju ly 1 1908. On May 1 1009 began o perating
,tD enison, using track s of th e Denison & Sherm an Elec. R y
n rv;V,i, 1 1
1“ • • T> F - S trick lan d ; Sec., Jam es P. G riffin; T rea s.,
? .’627,°V 87. p Cy3: w r3 8 .^i'. £ j 4? t,c h te r- Office, D allas. T ex as.— V. 84,
r 0? (JiV P - T r o lle y r o a d In D a n b u r y , a n d fro m D a n b u r y t o B e t h e l, a n d to
L a k e K e n o s la , 1 5 .0 3 1 n .lle s In a ll; s id in g s , <Scc., .0 6 9 m ile s ; t o t a l , 16
m il e s .
4 6 c a r s . S ta n d a r d g a u g e .
REPORT.—For year ending June 30:
1 nna nn
J998' 9 9
I 9 9 ! ' 98
}998'97
i n n a 'o 5
1 9 0 4 -0 5
G ross.
------------------ $ 1 1 9 ,6 9 8
.............
1 1 7 ,9 6 6
....................... 1 1 3 .2 0 1
..........................l d i ’5 6 3
----------------0 2 ,7 4 7
N e t.
$ 3 2 ,3 8 4
3 2 .5 6 2
3 2 ,8 7 0
3 3 .3 1 8
2 4 ,0 5 0
I n t. A T a xes.
$ 2 2 ,7 8 9
2 0 ,1 0 7
1 6 .1 4 6
1 6 ,0 7 4
1 4 ,4 0 9
D lv s .
B a l.,9 u r .
$ 1 2 ,8 0 0 d e f . 3 ,2 0 5
1 2 .8 0 0 d e f .
345
1 2 ,8 0 0
3 ,9 2 4
N on e.
1 7 ,2 4 4
N on e.
1 0 ,5 4 1
w£rneJG
vRS’T Pres”0 ue!. S’ HolleY> Danbury; V.-P., S, Harrison
Sam
P^OJ V N
86 p^lYoy Sec' and Treas” M* u - Drifting. Danbury.—V. 83.
DANBURY & HARLEM TRACTION ; 0 .—A trolley road.
R e ceiv ersh ip .— O n J u n e 2 1 9 0 8 t h r e e P h ila d e lp h ia b a n k s a p p lie d fo r a
r e c e iv e r , i n t e r e s t o i b o d s h a v in g b e e n d e f a u lt e d .
V . 8 6 , p . 1409
On
h
'.v a s s o ld a t f o r e c lo su r e to th e b o n d h o ld e r s c o m m i t t e e ,
D ' o y a n A?0Ur.t.’ C h a ir m a n , car*- C e n tr a l T r u s t & L o a n C o ., P h lla .
V. 88,
c o m m it t e e ° tIa t 0nS a r e u n d e r w a y fo r t h e P u r c h a s e o f t h e r o a d fr o m t h e
f „ ^ ° ^ . D ’7 - I ? a ?,u n d e *',c o u s tr u c t lo n 19 m ile s o f t r a c k fro m D a n b u r y . C o n n .,
7 0 m J f i 8 B,rIdg e , N . Y
A b o u t 6 m ile s o f t r a c k h a s b e e n c o m p le t e d .
7 0 - lb . r a ils .— V . 8 6 , p . 1 4 0 9 ; V . 8 7 , p . 2 2 6 , 1 664; V . 8 8 . p . 2 9 4 .
DANVILLE ILL.
ILLINOIS TRACTION CO.
,I
I
°
t
•— *a c u r p o r a to d In M a in e o n M a y 13 1 9 0 4 a n d o w
stn eir nfCt h e t «r.rit^ n i° /
foi i o w ln ff c o m p a n ie s : a ls o n in e - t e n t h s o f t o e
s t o c k o f t h e S p r ln g ile ld & N o r t h e a s te r n T r a c t io n C o .:
B l o o m in g t o n & N o r m a l R y . & L t .C o . P e o r ia L. in c o ln & S p r in g fie ld R y .
” ------- .
.
:
C h ic a g o B l o o m in g t o n & D e c a t u r R y . P e o r ia R a ilw a y C o .
C it iz e n s ’ R a ilw a y C o. o f V e n ic e .
S t . L o u is D e c a t u r & C h a m p a ig n R y .
D a n v il le & F ia stern I llin o is R y .
S t . L o u is E le c tr ic B r id g e C o.
D a n v ille & N o r t h e r n R R .
S t . L o u is F llectrlc T e r m in a l R y .
D a n v ille S t r e e t R a ilw a y & L ig h t C o . S t . L o u is & N o r t h e a s te r n R y .
D a n v ille U r b a n a & C h a m p a ig n R y . S t . L o u is & S p r in g fie ld R y .
D e c a t u r R a ilw a y & L ig h t C o.
S t . L o u is & S t a u n t o n R y .
I llin o is C e n tr a l T r a c t io n C o .
S p r in g fie ld B e lt R y .
I llin o is W e s te r n R y .
T r i-C it y T r a c t io n C o .
J a c k s o n v ille H a llw a y & L ig h t C o .
U r b a n a & C h a m p a ig n R a i l w a y , G a s
M a d iso n C o u n ty L ig h t & P o w e r C o .
& E le c tr ic C o .
P e o r iaa .L.11o m in g t o n & C h a m .' T r .■ C o . U r b a n a iwig h t , n ee att ec Po w e r GO.
B lo
■ ,
U1U,1U|* L g iii, H a , & r o w e C o.
i n A p r il 1 9 0 7 o b t a in e d a 5 0 - y e a r fra n ch ise o n c e r t a in s t r e e t s o f S t . L o u is
aad
i?I,v c ,n a u t h o r it y b y t h e U . S . G o v e r n m e n t to b u ild a b r id g e
t hc,™!>s s s s lp P* D iv e r t o V e n ic e , 111., w h ic h is e x p e c t e d t o b e c o m
p le te d In 1 9 0 9 .
H a s c o n t r a c t w dth U S . F Ixpress C o . t o tr a n s p o r t Its b u s ln e s s fo r t w o y e a r s , s t a r t in g w it h A p r il 1 1 9 0 8 , o n a p e r c e n ta g e b a sts.
nnn ftAAd.er,.y«^S>d ^f e t) - 6 1 9 0 9 o n lu c r e a s ln g t h e p r e fe r r e d s to c k fr o m
$ 4 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 a n d t h e c o m m o n fr o m $ 7 ,0 0 0 ,0 0 0 to $ 8 , 0 0 0 ,0 0 0 .
i n A u g . 26 1 9 0 9 c o m p a n y , file d a c e r t lllc a t e in c r e a s in g Its a u t h o r iz e d c o m
m o n s t o c k fr o m $ 8 ,0 0 0 ,0 0 0 t o $ 1 0 ,0 0 0 ,0 0 0 a n d Its p r e fe r r e d fro m $ 5 ,0 0 0 ,0 0 0
to $ 6 , 0 0 0 ,0 0 0 .
V . 89, p. 721.
O n D e c . 31 1 9 0 8 t h e b o n d e d I n d e b te d n e s s o f t h e p r o p e r tie s c o n t r o lle d
w a s $ 2 4 ,4 5 7 ,5 0 0 . w it h $ 1 ,4 1 1 ,0 0 0 m o r e b o n d s o n p r o p e r tie s u n d e r c o n
s tr u c t io n .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g
L a st D iv .
C o m m o n $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................... ..........
$ 6 ,5 9 4 ,5 0 0
P r e f 6% c u m $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 ) . . . .
Q -J
4 ,5 5 2 ,6 0 0
s'ee'text".
5 & 6
9 1 0 ,5 0 0
__________
1 s t m o r t g a g e ---------------------------- --------S to c k . — A d d it io n a l p r e fe r r e d s t o c k c a n o n ly b e Issu ed w h e n n e t e a r n in g s
a r e e q u a l to 9 % o n p r e fe r r e d s to c k o u t a n d t h e a m o u n t p r o p o s e d t o be
I s su e d .
P r e fe r r e d s to c k Is l is t e d o n M o n tre a l S t o c k E x c h a n g e .
D iv id e n d s . — 6 % p e r a n n u m Is b e in g p a id o n t h e p refe r r e d s t o c k .
D E P O R T .— F’o r c a le n d a r y e a r 1 9 0 8 r e p o r t w a s g i v e n in fu ll in V . 8 8 .
p . 1369
P a s s e n g e r s c a r rie d In 1 9 0 8 b y in te r u r b a n l in e s , 8 , 7 3 8 ,8 0 6 .
C ross E a r n in g s —
1908.
1907.
1906.
1905.
- .j t e r u r b a n _____________ . $ 1 ,8 4 7 ,3 8 1
$ 1 ,6 1 0 ,2 5 7
$ 1 ,0 0 8 ,1 3 4
$ 6 1 1 ,9 8 1
L o c a l s t r e e t r a il w a y ____ . 1 ,2 8 3 ,8 9 2
1 ,2 2 6 ,5 9 1
1 ,1 5 1 ,4 8 7
1 ,0 6 6 ,7 9 6
G as ______________________
2 7 7 ,0 8 5
2 5 9 ,5 7 2
2 4 0 ,7 4 4
2 1 8 ,0 6 3
E le c t , lig h t ft p o w e r ___
5 5 5 ,9 6 3
5 4 2 ,0 3 2
4 9 7 .6 6 6
4 4 5 ,0 7 9
S t e a m h e a t in g _________
1 3 4 ,2 8 6
1 2 7 ,4 5 3
1 1 5 ,0 7 6
1 0 0 ,4 7 0
M is c e ll a n e o u s ......................
14
1 3 ,2 8 2
$ 4 ,0 9 8 ,6 2 1
2 ,2 7 1 ,1 4 5
8 2 ,9 7 9
$ 3 ,7 7 9 ,1 8 7
2 ,0 6 5 ,4 2 4
6 3 ,0 6 3
$ 3 ,0 1 3 ,1 0 7
1 ,6 0 2 ,6 0 1
4 8 ,5 5 4
$ 2 ,4 4 2 ,3 8 9
1 ,2 5 7 ,1 1 2
3 7 ,5 4 0
$ 2 ,3 5 4 ,1 2 4
O p e r a t in g e x p e n s e s . . . !
T a x e s ___________________
$ 2 ,1 2 8 ,4 8 7
$ 1 ,6 5 1 ,1 5 5
$ 1 ,2 9 4 ,6 5 2
$ 1 ,7 4 4 ,4 9 7
$ 1 ,6 5 0 ,6 9 9
$ 1 ,3 6 1 ,9 5 2
$ 1 ,1 4 7 ,7 3 7
I n t e r e s t , & c ., fo r 1 9 0 8 a m o u n t e d t o $ 1 ,2 2 0 ,5 3 7 a n d d iv id e n d s o n p r e f.
s to c k $ 2 1 ? ,1 1 6 , le a v in g a s u r p lu s fo r t h a t yea* u f $ 3 0 6 ,8 4 4 .
R O A D .— T h e In te r u r b a n lin e c o m p r i e 4 3 9 m ile o f tr a c k (o f w h ic h
1 9 .2 m ile 1 le a e d i a n d 2 6 .0 6 m ile o f sv v ltch e , - e c o n d tra c k a n d tu r n o u ts ;
c it y lin e s c o m p r i e 1 1 4 .9 3 m ile o f tr a c k . T o t a l o f a ll lin e s , 5 6 0 .1 9 m ile s .
I n te r u r b a n lin e s h a v e 102 m o to r p a e n g c r , 18 m o to r e x p r e s , 47 tra in a n d
4 0 0 g o n d o la fla t a n d b o x c a r ; c it y lin e h a v e 2 1 0 m o to r c a r s a n d 149 o t h e r s .
4 0 g e n e r a to r s , l o c a t e d a t 9 d iffe r e n t p o in t s , h a v e a c a p a c it y o f 2 0 ,6 5 0 k i lo
w a tts.
„ O F F I C E R S .— P r e 5. , W . B . M c K in le y , C h a m p a ig n ; V .- P . a n d T r e a s ., G eo .
M . M a tt ls , C h a m p a ig n ; S e c .. T . B . M a c a u le y M o n trea l: G e n . M g r ., M . E .
L h u b b u c k ; C o m p t ., E . W . H e n d e r s h o t .— V . 8 5 . p. 9 9 , 7 2 2 ; V 8 7 , p . 3 4 1 .
6 1 4 . 812: V . 8 8 . p . 2 9 5 , 3 7 4 , 4 5 1 , 56 4 , 1 3 6 9 : V . 8 9 . p . 2 2 5 . 7 21.
LOCAL STREET RAILWAYS.
(11 Bloomington & Normal Railway & Light Co.
- „ i? .R S A N I ? iV r iO N — I n c o r p o r a te d In I llin o is on F e b . 2 3 1 9 0 9 a s a c o n ?SLd(?t lo n o f tf}e B lo o m in g to n <c N o r m a l R y . . i .le c t r ic & H e a t in g C o . a n d
5
t h e C o n su m e r s L ig h t & H e a t in g C o . o f B lo o m in g t o n .
q»
9
w P , „ B, N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... ..
.................
$ 1 , 0 0 0 ,0 0 0
! s t a n d ref m t g e . $ 2 , 0 0 0 ,0 0 0 .) 1 0 0 6
5 g A -O
8 7 9 .0 0 0 M ay 1 103 6
n A M D
---------c /C e n t r a l T r u s t C o .. C h ic a g o , T r u s t e e .
t r n n n n , w « r n « m l s t m.t<te4 1 9 0 2
5 g J U
5 . 0 ,0 0 0 J u n e 1 192 7
a t 111. T r . & S a v . B k .. C h ic a g o . T r u s t e e .
B o n d s. O f t h e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s . $ 8 0 0 ,0 0 0 a r e r e se r v e d fo r p r io r
lie n s a n d $ 7 2 1 ,0 0 0 for e x te n s io n s .
A re g u a r ., p a n d L , b y III. T r a c . C o .
I n t . a t A g e n c y o f M e r c h a n ts ’ B a n k o f C a n a d a . N e w Y o r k .
N o s in k ,
fu n d , b u t b o n d s c a n b e c a lle d a t 10 5 o n a n y In t. d a t e . T h e R y .
E le c , ft
H e a t in g C o. b o n d s a r e s u b j e c t t o c a ll a t 11 ( la n d I n t.
S in k , f d ., $ 1 0 ,0 0 0 a n
n u a lly , b e g a n J u n e 1 9 0 8 , w h e n $ 1 0 ,0 0 0 w e r e r e tir e d .
R O A D .— O p e r a t e s l7 4 2 m ile s o f tr a c k In, a r o u n d a n d b e t w e e n B lo o m in g
to n a n d N o r m a l. R a lls 4 5 , 6 0 a n d 7 0 lb s .
H a s 18 m o to r c a r s a n d 6
tr a ile r s .
(2) Citizens Railway Co. of Venice.—
DANBURY, CONN.
O w n s 4 .8 8 m ile s o f s tr e e t r a ilw a y In M a d iso n , G r a n ite C ity a n d V e n ic e .
H a s 6 m o to r c a r s. A ll s t o c k o w n e d b y I llin o is T r a c t io n C o .
$400 000
te m p o r a r y b o n d s Issu ed .
DANBURY & BETHEL STREET RY.
n e ?t^ n t. Has a perpe tual special ,Way 7 1886 u n s tre e t laws of Con
A
n c cticutA N Wn sTI ° n p ;^ tIn»?rPOra|ttitlc h a rte r, th e onlyd cr th e c a r com pany
t C o L b u r y ^ R G round?and* th T p leM ^ re^ reso rt1of L^kV K enoM a1 1 In
11
stock1to pro vide* fo r^ x telfslo n s a u th o rlzed a " Increase of $300,000 of cap ital
D a te ’
in te r e s t.
O u ts ta n d in g . L a s t d lv .,A c
Stock $623,000 (par $25)------- -------Sem l-ann.
$320 000 Ju ly 09 2 %
F irst m tge $200,000 g o ld ------- 1804
5 g M-N
200 000 M av 11914
Consol m tge $300,000 go ld / 1906 5 g M-N
100 000 May 1 1936
($500 an d $1.000)................ t In t. a t A m erican T ru st Cm, B oston T rustee
D e b e n tu r e
bonds
$ 7 5 ,0 0 0 i 1008
o
.o s
lo
i( c ’
h
t i
($1,000 and $590)_______cf
'
1 on 1191
th e $300,000 consol, m ortgage, $200,000 Is reserved to retire
the 5s d u e 1914. T he d eb en tu res are redeem able a t 105 on an y Interest
d a te a fte r due notice. No fu rth e r m tge. can be m ade on p ro p e rty w lthoui
U iclud'ng these d eb en tu res
D ividends.— In 1898-07, 4 % ; In 1807-08, 4 % ; In 1808-99, 2 %; In 1809
J 9 0 J ’ ' K % : In 1900 01, U 4 %: In 1901-02, 3 % ; In 1002 03. 3% • in
1903-04, 1
i n 1907, 4% ; In 1908, 4 % ; In 1909, J a n ., 2% ; J u ly 2%
B o n d s . — Or
(3) Danville Street Railway & Light—
O R G A N I Z A T I O N .— I n c o r p o r a te d In D e c . 1 8 9 9 a s a c o n s o lid a t io n o f a ll
t h e s t r e e t r a ilw a y , e le c t r ic l ig h t , g a s a n d s te a m - h e a t i n g I n t e r e s t s .
E n tir e
s to c k Is o w n e d b y I llin o is T r a c t io n C o.
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 7 0 0 ,0 0 0 ( $ 1 0 0 ) ________ ______
___________
$ 6 9 3 ,0 0 0
R e f u n d in g m o r tg a g e $ 7 0 0 ,0 0 0 / 1 9 0 0
5 g J -J
6 9 6 .0 0 0 Jan"
g o ld ( $ 1 ,0 0 0 ) ........................ c * l I n t . a t N . VV. H a rr is & C o .. N . Y . a n d ChW.
B o n d s . — T h o b o n d s a r e d u e $ 6 ,0 0 0 a n n u a lly J a n . 1 1 9 1 0 to 192 4 i n c lu s iv e
J 1, r e m a in d e r o n J a n . 1 1 9 2 5 ; $ 1 ,0 0 0 o f o ld p rio r lie n D a n v ille G a s. E le c tr ic
1? 1
L ig h t A S t r e e t R y . 6 % a n d $ 1 7 ,0 0 0 D a n v tll ft N o r t h c r n 5 % b o n d s a r c s t i l l
o u t.
S in k in g fu n d o f $ 6 ,0 0 0 p e r y e a r b e g in s J a n . 1 1 9 1 0 , b o n d s b e in g
d r a w n ( a t p a r a n d a c c r u e d in t e r e s t ) in n u m e r ic a l o r d e r , b e g in n in g wita
N ° - 1: m o r t g a g e t r u s t e e Fs t h e I llin o is T r u s t & S a v in g s B a n k , C h ic a g o .
N . VV. H a r r is & C o . o ffe r e d t h e m fo r s a le In J a n . 1 9 0 0 . S e e V . 7 0 . p . I t s .
C O M P A N Y 'S P R O P E R T Y . — T h e c o m p a n y o w n s t h e fo llo w in g ; 1. Gas
w o r k s o p e r a te d u n d e r s p e c ia l c h a r te r a n d a p e r p e tu a l fr a n c h is e .
2. An
d e c t r l c - l lg h t p la n t l o p e r a te d u n d e r a 9 9 - y e a r fr a n c h l e , a n d w a s f u m l i h ln g ,
D e o . 31 1 9 0 7 , 6 5 ,0 0 0 I n c a n d e s c e n t a n d 1 ,1 6 5 a i c l ig h t .; al^o h a . d y n a m o s
Orphans Home
'e n tr a l
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tFU T N
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P la n t o f E n tir e
S y stem
D a v e n p o r t G a s & E lectric C o m p a n y .
— .O akdale^C em ctery
f POLO-o.
Pow er
Com pany.
CAMP M6CLELLAN
Schue.tz e n
ParkV
[U n i BETTEND OR F
'jV ,,
-—
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ARSENAL
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SSE f j ' f s
S T. PAUL
Northfleld,
iO C O C r j
.— ip o !.
nd
20TH
'■pwatonna
L a C ro sse
Albert Leai
Calrnar
CHIPPIANOCK
_ --- ’ C.M-a s L P n
Prairie du Chien
CEMETERY
34Trt AVe l1
Prospect Park
’ Savanna
"
Cedar Rapids^Ajb.
DES MOINES.
SEARSTOWN
R a ilw a y
&
L ig h t
Iowa C ity°A —
Muscatine,
W ashington;
^VapellO)
Co
Burlingtoi
Keokuk
ST R E E T
xid. E l e c t r i c
port, Iowa.
Island, Ills.
R A IL W A Y
E ig h .t
P r o p e r tie s
Moline, Ills.
East Moline, Ills.
Altaihont,
'i /is iO ti
f/l
JEFFERSON C ^ITY
iR O C K T S ]^
T^U Galva
i Galesburg
LpL I
^ UlnC'j
HannibaK;
UN
Louisiana'
K A N S A S Cl'T-V,
U M Q L 1N B
l
n
0 I
s
isPRINGFIELD
/<#
T errp H aute
[V o l . l x i i i x .
GAS PLANTS
L ig h t C o m p a n y .
P e o p le s
IA K D A L E
tor furnishing power to street railway. 3. The entire street railway sy s
tem of the city , 16.37 miles of track, nearly all laid In brick pavem ent,
running to three parks, the fair grounds, cem et ry and railway depots and
National Soldiers' Home. Equipped with 50, 60 and 70-lb. Johnson 1 rails,
with 26 motor cars (General Electric) and 12 others.
_ „
O FFICER S.— Same as those for Danville Urbana A Champaign Railway
Co.— V. 76, p. 1142, 1300.
(4) Decatur R ailway & Light Co.—
ORGANIZATION.— Incorporated In Illinois In D ec. 1003 to take over
the property of the Decatur Traction A Electric Co., the Decatur Gas A
Electric Co. and the Decatur Steam H eating Co., owning all the street rail
w ay, gas and electric lighting business and steam -heating plant In Decatur
and suburbs.
STOCK AND B O N D S—
D a te.
Interest. O utstan din g.
M a tu r ity .
Stock 31,300,000 ($100)
$1,300,000 - - - - - - - - -
Decatur Gas A Electric C o t 1800....... 5 M-N..................3 0 0 M aj^S 192#
0 ,0 0
first mortgage___________ .lin t, at Merch. L. A Tr. Co., Chic., Trustee.
Decatur Gas A Elec Co 2d MJ 1800
5 M-N
0 ,0 0 May 1 1030
00
$400.000($300.000 reserved/Interest a t Merchants Loan A tr u s t g o ..
Chicago, Trustee.
, „___
for above)
5- Dec Trac & Elec 1st M $250,-. 1900
------ J-J
. _ - 212,000 Jan.™1 1020
rW hl. .
„
000 ($500& $1,000 each) ,c*1ln t. at Illinois Tr. & Sav. Bk., Chic., Trustee.
Deo R y & Lt Co 1st A eons MJ 1003
5 g J-D
608,000 Dec. 11033
$1,300,000 gold ($1,000).c * \I n t. City Tr. Co.. B o st..T r ., & agency InN.Y
B o n d s. —$802,000 Decatur Railway A Light Company bonds are re
served to retire an equal amount of prior Hens as above
A sinking
fund of 10% of the net earnings, or not less than 1% of outstanding
bonds, Is to be Invested In the bonds. These bonds are subject to call at
107 M and lnt. on any Interest date upon 60 days’ notice. Of the Decatur
Gas Electric Co. first mtge. bonds, $15,000 must be redeemed on May 15
1010 at 103 and a like amount each year thereafter In numerical order.
These bonds are subject to call In 1000 at 105 and Interest. The second
m tge. bonds of the Decatur Gas & Electric Co. are redeemable at any time
after May 15 1000 at 105 and Interest, but there Is no sinking fund on
these bonds.
_ _
_
REPO R T.— Calendar year 1007. gross, $341,770; net, $153,168. In
1006 gross, $312,104; net. $135,686.
.
R O A D .— Operates 10.85 miles standard-gauge road In Decatur and
suburbs;60 and 72-lb. T rails. 23 motor cars and 16 others.— V. 78, p. 1061;
V. 87, p. 1357.
(5) Jacksonville R y. & Light Co.
ORGANIZATION — Incorporated In Maine In Dec. 1005 and Is a con
solidation of the Jacksonville R y. Co. and the Jacksonville Gas Light &
Coke Co. Franchise perpetual.
STOCK AND BON D S—
D ate.
Interest. O utstan din g.
M a tu r ity .
Stock, $500,000 ($100)..............................................
$100,000
5 g J-J
420,000 Jan 1 1031
Jack Ry A Lt 1st con mtge, 1008
$1,000 000,gu, g ($ 1,0 0 0 Central Trust Co., Chicago, Trustee.
0) *
_______________
5 J-J
175,000 Jan 1 1031
Jacksonv Ga3 Light _______ ____
A Coke
Co 1st m tge_____________ /I n t. at Merchants’ Loan A Tr. Co., Chicago.
J a c k s o n v R y 1 st m tg e , $ 7 5 , - \ 18 0 2
6 J -J
3 4 .0 0 0 J a n 1 1 0 1 2
0 0 0 ( $ 1 ,0 0 0 ) ................................./ S t . L o u ls -U n lo n T r u s t C o . T r u s t e e .
B o n d s . — O f t h e $ 1 ,0 0 0 ,0 0 0 1 st c o n s o ls , $ 2 0 0 ,0 0 0 a r e r e se r v e d fo r p r io r
H ens. A re g u a r ., p . a n d L , b y III. T r a c . C o . T w o p e r c e n t o f b o n d s o u t Is
p a y a b le a n n u a lly to a s in k in g fu n d .
A re s u b j e c t t o c a ll o n a n y l n t . d a t e
a t 105.
I n t . p a y a b le a t M e r c h a n ts ’ B a n k o f C a n a d a . N e w Y o r k .
R O A D .— O p e r a t e s a b o u t 7 .6 5 m ile s o f tr a c k a n d a ls o d o c s e le c t r ic lig h t in g
a n d g a s b u s in e s s In J a c k s o n v ille .
14 m o to r c a r s a n d 0 o t h e r s .
(6) P e o r ia R a ilw a y Co.— A t r o lle y r o a d .
C a p ita l s t o c k Is a ll o w n e d
b y t h e I llin o is T r a c t io n C o . S e e m a p p a g e 80 a n d s t a t e m e n t o f c o m p a n y
u n d e r P e o r ia , 111.
(11) Illinois Western Railway Co.
C ap ital stock, $509,090, all owned by III. T ra c t. Co. Is building 35 miles
of road from Springfield to Jacksonville. 111. Expected to be com pleted
In 1909. H as 9 m otor care, 1 locom otive an d 20 trailers. T em p o rary
bonds to th e a m o u n t of $200,000 have been Issued.
(12) Peoria Bloomington & Champaign Traction Co.
,
„
,
O R G A N IZ A T IO N .— Incorporated In Illinois In A pril 1005. M ostly
p riv a te rig h t of w ay. H as 50-year f r a n c h i s e s In B loom ington an d Peoria.
STOCK AND B O N D S— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock. $5,000 _______________All ow ned by Illinois T rac tio n Co.
1st m tge, $3,000,000, g old/ 1906
5 g M-N
$2,000,000 Nov 1 1936
($ 1 ,0 0 0 )_______________c*j In t. a t agency M erch. B k. of C anada, N . Y .
IC entral T ru st Co., Chicago, T rustee.
B o n d s . — Are g u aranteed, principal a nd In te re st, by 111. T rac. Co.
They
are subject to call on any Interest d a te a t 103 on 30 d a y s’ notice
R O A D .— Is to operate 90 miles of tra c k from Peoria to C h am p aig n ..
S ta n d a rd gauge, 70-lb. T rail. Has 10 m o to r care an d 28 tra ile rs. Is now
o p e ra tin g 38.6 m iles of tra c k betw een B loom ington a n d P eoria. T he
bridge over th e Illinois R iver w as com pleted In A pril 1907. Owns pow er
house In P eoria of 4,000 k. w . c ap a c ity .
(13) Peoria Lincoln & Springfield Railway Co.
C om pleted d u rin g 1907 a road from Lincoln, 111., to M ackinaw , III.,
connecting th e Springfield A N o rth eastern T rac tio n Co. w ith th e Peoria
Bloom ington A C ham paign T raction Co., a nd m aking a th ro u g h line from
Bloom ington a n d Peoria to Springfield an d S t. Louis. T o ta l tra c k o p erated
28.6 miles. H as 3 m o to r cars. 1 locom otive a nd 67 tra ile rs. M ostly p riv a te
rig h t of w ay. C apital sto ck all ow ned by Illlno s T rac tio n C«.
STOCK A N D B O N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $500,000 --------------------------------------See te x t
__________
F irst m ortgage $1,350.0001 1908
5 g M-S
$900,000 Mch. 1 1938
($1,000) gold----------------c*j C entral T ru st Co. of Illinois, Chic., tru s te e .
l i n t , a t agency M rch. B k. of C anada, N .Y .
B o n d s . — A re g u a ra n te ed principal a n d In terest b y endorsem ent by Illinois
T rac tio n Co. su b jec t to call In a n y a m o u n t o n 4 w eeks’ notice on a ny Interest
d a te a t 105. No sinking fu n d .
(14) St. Louis Decatur & Champaign Ry.
O R G A N IZ A T IO N .—The entire $100,000 stock Is ow ned by th e Illinois
T rac tio n Co. O perates 53.66 miles of tra c k from C ham paign to D ecatur.
H as 9 m o to r cars, 1 locom otive a n d 43 tra ile rs. M ostly p riv a te rig h t of
w ay. Officers sam e as for Illinois T rac tio n Co.
B O N D S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
F irst m ortgage S t Louis D A] 1906
5 g M-N $1,402,000 N ov. 1 1936
C R y Co, $3,000,000, go ld /C en tral T r. Co. of Illinois, Chicago, T ru stee.
( $ 1 ,0 0 0 )............ ............... . c ’ J In t. a t A gcy. of M erch. B k. of C anada. N . Y .
B o n d s . — Are g u a ra n te ed , principal a nd In te re st, by end o rsem en t, b y th e
Illinois T ractio n Co. Can be called on a ny In terest d a y a t 105. Covers
30 m iles of tra c k .
(15) St. Louis & Northeastern R y.
O R G A N IZ A T IO N .—Incorporated In Illinois In 1904. Stock all ow ned
by Illlnos T rac tio n Co. T em p o rary bonds only to th e a m o u n t of $902,000
are o u tsta n d in g . All th e p ro p e rty of th e D anville A E dw ardsvllle T erm inal
R R . Co. has been tran sferred to this com pany.
STOCK AND BO ND S— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock. $1,000,000 ($100).................
$1,000,000 .....................
R O A D .— O p e r a te s 2 4 .4 m ile s o f r o a d fr o m H ills b o r o t o S t a u n t o n .
12 m o to r a n d 21 tr a il c a r s.
H as
O F F IC E R S .— Same as those for III. T raction C o.— V. 81, p. 156, 976.
(16) St. Louis & .Springfield R y.—A trolley road. M ostly private right
of Way.
O R G A N IZ A T IO N — Incorporated In Illinois In 1903.
STOCK AND B O N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k ...............................................................................
$5/5,000 .................
(7) Urbana & Champaign R ailw ay, d a s & Electric Co.
1st m tge. $2,250,0 0 0 ($ l.0 0 0 ),\ 1903
5 g J-D
1,520,000 Dec 1 1933
O R G A N I Z A T I O N .— A c o n s o lid a t io n In 1 8 0 7 o f U r b a n a A C h a m p a ig n
a t, gold, g u a r _________ c * J Ia t. a t C ity T ru st C o.. B oston, T ru ste e .
E le c tr ic S t r e e t ., C h a m p a ig n E le c tr ic L ig h t A P o w e r , C h a m p a ig n A U r b a n a 2d m o rtg ag e ________________
120 ,0 0 0 ---------------G a s L ig h t A C o k e a n d W e s t E n d P a r k c o m p a n ie s .
O w n s p e r p e tu a l g a s
B o n d s . — First m ortgage bonds a re subject to call on a ny In te re st d a te
a n d s te a m c h a r te r . T h e u n d e r ly in g r a ilr o a d c h a r te r Is a ls o p e r p e tu a l
on 60 d ays’ notice a t 107)4 a nd Interest. Are g u a ra n te ed , p. a nd 1.. by
F ra n ch ise In 1901 e x t e n d e d fo r 20 y e a r s .
tho Illinois T raction Co
Sinking fund of 10% of n e t e c n l n g , or 1% of
o u tsta n d in g bonds, s ta rte d Dec, 1 1908
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S to ck $500 000
________ ________ ____________
$ 5 0 0 ,0 0 0 ------- -----------E A R N IN G S .— For year ending Dec. 31 1907, gross, $308,598; n e t (after
U A O R y , G A E M $ 2 5 0 ,0 0 0 1 1 8 9 7
5 g J -D
1 7 0 ,0 0 0 J u n o 1 10 1 7
ta x e s), $115,418; Interest, $76,000; surplus, $39,417.
g o ld s in k fu n d $ 8 ,0 0 0 y r l y / l n t . a t I llin o is T r . A S a v . B a n k , C h ic ., T r u s .,
R O A D .—O perates 62.5 miles of tra c k from Springfield to C arllnvllle and
J u n e 1 19 0 0 A a ft( $ 1 .0 0 0 ) c * J
o r a t C h a se N a t io n a l B a n k , N e w Y o r k C ity . forms p a rt of a th ro u g h line from Springfield, 111., to S t. L ouis, Mo. 4
C o n s o lid a te d m o r tg a g e $ 5 0 0 ,-1 1 8 0 9
5 g J J
3 3 0 ,0 0 0 J u ly 1 1 9 2 9
m otor a n d 2 tra il care.— V. 85, p . 100; V. 86, p. 422.
0 0 0 ($ 1 ,0 0 0 ) g o l d ....................c \ I n t . P o r t la n d T r . C o ., P o r t la n d . M e ., T r u s t .
(17) St. Louis & Staunton R y.—
B o n d s . — O f t h e n e w Issu e o f $ 5 0 0 ,0 0 0 , s u f f ic ie n t a r e r e se r v e d to r e tir e fir st
Incorporated N ov. 1907. Owns a nd operates 19 miles of road betw een
m o r t g a g e b o n d s . T h e b o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 0 5 . S ta u n to n and Edw ardsvllle, 111. (which was form erly ow ned a nd o p e ra te d
R O A D .— O p e r a te s 8 m ile s o f t r a c k In a n d b e t w e e n C h a m p a ig n a n d U r b a n a . by th e S t. Louis A N o rth eastern R y.)
H as 6 m o to r cars a n d 47 trailers.
H a s 15 m o to r care a n d 8 o t h e r s .
M ostly p riv a te rig h t of w ay. C apital stock all ow ned by Illinois T raction
Co. $900,000 te m p o ra ry bonds have been Issued.
INTERURBAN ROADS.
(18) Springfield & Northeastern Traction C o..
(8) Chicago Bloomington & Decatur Ry.
O R G A N IZ A T IO N .— $1,350,000 of stock Is ow ned b y Illinois T rac tio n Co
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is In A p r il 1 0 0 5 a n d o p e r a te s
M ostly priv a te right of w ay.
a r o a d fro m B lo o m in g t o n t h r o u g h C lin to n t o D e c a t u r , 4 0 .6 m ile s .
H as 6
STOCK AND B O N D S.— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
m o to r c a r s. 1 lo c o m o t iv e a n d 7 5 tr a il c a r s. S t o c k Is a ll o w n e d b y t h e
Stock $1,500,000 ..............................................................$1,500,050 .... ....................
I llin o is T r a c t io n C o.
M o s tly p r iv a te r ig h t o f w a y .
1st m tge $1,500,000 ($1,000) f 1906
5 g J-D
800,000 Dec 11936
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
g o ld ___________________ c * ( I n t . a t agey. M erchants’ Bk of C a n a d a .N .Y .
S t o c k ___________________________ A ll o w n e d b y I llin o is T r a c t io n C o .
IC entral T ru st Co. of Illinois, tru ste e .
1 st D lv m t g e , $ 2 ,0 0 0 ,0 0 0 ,1 1 9 0 6
5 g A -O
$ 1 .1 1 2 ,0 0 0 O c t 1 1 0 3 6
B o n d s . — Bonds are g u a r.,p . and l.,b y endorsem ent by Illinois T raction
g u a r , g o ld ( $ 1 ,0 0 0 ) _____ c ' / C e n t r a l T r u s t C o ., C h ic a g o , T r u s t e e .
Co. Can be called on a ny ln t. d a te on 4 w eek’s notice a t 105. No sinking
B o n d s . — A re g u a r ., p . a n d 1., b y III. T r a c . C o . T h e y a r e s u b j e c t t o c a ll fund.
o n a n y I n te r e s t d a t e o n 3 0 d a y s ’ n o t ic e a t 1 0 5 .
R O A D .— O perates 33.3 miles of tra c k , from Springfield to Lincoln. H as
O F F I C E R S .— S a m e a s t h o s e fo r I llin o is T r a c t io n C o .— V . 8 1 , p . 5 5 8 .
27 tra il cars. V. 85, p. 655.
(19) Tri-City Traction Co.—
,
„
_
(9) Danville Urbana & Champaign R r.
Owns th a t portion of road lying betw een Edw ardsvllle a nd E a st S t. Louis
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is u n d e r t h e r a ilr o a d la w s o n which was form erly ow ned by S t. Louis A N o rth e a ste rn R y . Co. M ostly
J u ly 28 1 0 0 2 .
O w n s th o D a n v ille P a x t o n A N o r t h e r n R y .
M o > tly p r iv a te p riv a te right of w ay. T o tal tra c k o p e ra te d 20.7 m iles.
H as 10 m otor
r ig h t o f w a y .
cars a nd 28 tra ile rs. Stock all ow ned by Illinois T ractio n Co. $900,000
STO C K A N D B O N D S —
D ale.
In te re st. O u tsta n d in g .
M a tu r it y te m p o ra ry bonds have been Issued.
S t o c k $2 0 0 0 0 0 0 _____________ ______
___________ $ 2 ,0 0 0 ,0 0 0
----------------OTHER PROPERTIES. AND ROADS UNDER CONSTRUCTION.
F ir s t m o r tg a g e
$ 2 ,0 0 0 ,0 0 0 ] 1 9 0 3
5 gM S
1 8 0 ' ,0 0 0 M oll. 1 19 2 3
(2)) Danville & Eastern Illinois R y.—
croid ($1 0 0 0 ) g u a r a n t e e d /i n t e r e s t a t A g e n c y o f B a n k o f M o n tr e a l, N . Y .
Is building from D anville to In d ian a S ta te line, 7 miles, to connect w ith
g o iu
*
............J N o r t h e r n T r u s t C o ., C h ic a g o , T r u s t e e ,
In d ia n a In tc ru rb a n roads. 3 miles has been com pleted. A t T erre H au te
S e c o n d " " m a r t "ago” $ 5 0 0 ,0 0 0 / 100 5
6 g J -J
> 00,000
See te x t.
connection w ill be m ade w ith In d ia n a lu te ru rb a n roads. H as pow er house
g o ld ( $ 1 ,0 0 0 ) scri i l ____ c * \ I n t . a t A g e n c y M e r c h a n ts B k . o f C a n ., N . Y .
In D anville. In S ept. 1907 Increased stock from $5,000 to $500,000. V.
B o n d s .— T h e fir st 5 s h a v e n o s in k in g f u n d , b u t a r c s u b j e c t t o c a ll o n a n y 85, p. 722. T e m porary bonds to th e a m o u n t of $240,000 have been Issued.
I n te r e s t "date u p o n 8 w e e k s ’ n o t ic e a t 105 a n d I n t e r e s t . T h e \o n d s a r e
(21) Madison County Light & Power Co.
g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t , b y e n d o r s e m e n t b y th o D a n v lie S t r e e t
Is a consolidation In 1996 of the Edw ardsvllle Light A Pow er Co. and th e
R a ilw a y A L b 'h t C o. a n d t h e U r b a n a A C h a m p a ig n R a ilw a y , G a s A E le c tr ic
G ranite City-V enice E lectric Co. Supplies light and pow er to E dw ardsvllle,
Go
V 8 I d . 2 6 4 . T h e s e c o n d 8 s m a tu r e $ 5 0 ,0 0 0 o n J a n . 1 1008 a n d
G ran ite C ity, Venice and Brooklyn. Stock all owned by III. T raction.
$ 5 0 0 0 0 ‘ e a c h J a n . 1 t h e r e a f t e r . T h e $ 3 0 ,0 0 0 d u e o n J a n . 1 1 0 0 8 w e r e e x
STO CK AND B O N D S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity
t e n d e d u n t il a f te r th o o t h e r $ 1 3 0 ,0 0 0 o f t h e Issu e s p a id . T h e y a r e s u b Stock $100,000 ....................... ...............
- .................
$100,000 ------- -------j e c t to c a ll a t p ar o n 3 0 d a y s ’ n o t ic e . A r e g u a r a n t e e d a s to p r in c ip a l a n d
1st m tge $1,000,000 ($ l,0 0 0 )f 1906
5 g J-D
377,000 Dec 1 1036
I n te r e s t b y I llin o is T r a c t lo a C o . T r u s t e e s a re M o n tr e a l T r u s t A D e p o s it
gold ___________________ c*( In t a t ng y M erchants’ Bk of C anada, N . Y.
C o, a n d T h o s . F y s lle .
. . . . . .
IC entral T ru st Co. of Illinois, tru ste e .
R O A D — O p e r a te s 7 0 .1 in ll e s o t tr a c k o v e r p r iv a te r ig h t o f w a y c o n n e c t i n g
B o n d s . — G uar. p. and l . ’oy Illinois T rac tio n Co.
Gan be called on
th o c it ie s o f D a n v ille , U r b a n a a n d C h a m p a ig n w it h b r a n c h e s fr o m D a n
four w eeks’ notice on any Int. d a y a t 105. No sinking fund
v lllo to G e o r g e t o w n a n d R id g e F a rm : D a n v ille t o C a tlln a n d O g d e n t o
(22) St. Louis Electric Bridge Co.—
H o m e r . 7 0 - lb . r a ils .
H a ) 2 2 m o t o r c a r s , 1 0 c le o tr lo a n d s te a m lo c o m o t iv e s
O R G A N IZ A T IO N .— Incorporated In J a n . 1907 w ith nom inal ($2,500)
a n d 8 6 tra il c a r ).
R E P O R I ’. — C a le n d a r y e a r 19:)8, g r o s s , $ 3 7 7 ,5 0 2 ; n e t , $ 1 7 3 ,1 8 2 ; I n t e r e s t , c ap ita l stock to build a bridge from Salisbury S tree t, S t. L ouis, to V enice,
111. a t a n estim ated cost of $2,500,000. In April 1900 com pany Increased
$ 1 1 3 3 ‘>0: s u r p lu s , $ 5 9 ,8 3 2 .
O F F I C E R S . — P r e s ., VV. B . M c K in le y ; S e c ., E . A . M a c N u t t ; T r e a s . c ap ital stock from $2,500 to $1,000,000. V. 88, p. 946. Stock ail owned
by Illinois T ractio n . F or franchise provisions, see V. 85, p. 100. Con
G oo. M . M a tt ls .— V . 8 1 , p . 2 6 4 ; V . 8 3 , p . 4 3 5 ; V . 8 4 , p . 3 3 8 ; V . 8 8 , p . 5 6 3 .
s tru c tio n was s ta rte d In O ct. 1907 a nd Is expected to be com pleted J a n .
(10) Illinois Central Traction C o . — A t r o lle y r o a d .
1910.
R alph ModJeskI Is chief engineer. V. 85, p. 100. $450,000 te m
O R G A N I Z A T I O N .— In c o r p o r a te d In I llin o is In 1 0 0 3 u n d e r g e n e r a l p o ra ry bonds have been Issued.— V. 88, p. 946.
r a ilr o a d la w s .
M o s tly p r iv a te r ig h t o f w a y .
(23) St. Louis Electric Terminal Railway Co.
O rganized to build extensive term inal freight an d passenger sta tio n s to
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
C03t a b o u t $5,000,000. Owns valuable real e sta te and a 50-year franchise
S t o c k ..............................................................................................
$ 1 ,1 0 0 ,0 0 0 .........................
giving th e Illinois T raction an o u tle t In S t. Louis. E xpected to be com
1 s t m tg e , $ 2 ,0 0 0 ,0 0 0 ($ 1 ,-1 1 9 0 3
5 g J -D
1 ,4 6 1 ,0 0 0 D e c 1 1 9 3 3
pleted In 1909. C apital stock, $1,000,000, all ow ned by Illinois T ractio n
000) g o ld , g u a r ---------------c ’ / I n t e r e s t a t C it y T r u s t C o ., B o s t o n , T r u s t e e .
V . 85.
B o n d s . — A re s u b j e c t t o c a ll o n a n y I n te r e s t d a t e o n 6 0 d a y s ’ n o t ic e a t Co. T em porary bonds to th e a m o u n t of $891,000 have been Issued.
1 0 7 H a n d In t.
A re g u a r a n t e e d , p . a n d 1., b y I llin o is T r a c t io n C o .
V. 82,
p 8 0 4 . A s in k in g fu n d o f 1 0 % o f n e t e a r n in g s b e c a m e o p e r a tiv e D e c . 1
10 0 8 b u t n o t t o bo le s s t h a n 1 % o f b o n d s o u t s t a n d in g .
R E P O R T . — C a le n d a r y e a r l ) ) 7 , g r o s s . $ 2 3 9 ,8 9 1 ; n e t , $ 1 0 3 ,7 1 0 .
In
19 0 6 g^ oss, $ 2 2 9 ,6 9 1 : n e t . $ 1 0 3 ,4 0 9 .
R O A D — O p e r a te s 4 5 .5 m ile s o f t r a c k fr o m D e c a t u r t o S p r in g fie ld , w it h
a n e x t e n s io n fr o m B u ffa lo t o M e c h a n lc s b u r g ; 7 0 - lb . r a ils . H a s 11 m o to r
0 4 O F F T O E R s l — P r e s . , W . B . M c K in le y ; S e c ., E . A . M c N u tt; T r e a s ., G e o .
M . M a ttls; G e n . M g r ., M . E . C h u b b u c k .
V . 8 2 , p . 804; V . 8 4 , p . 3 3 9 .
P' (24?' Springfield Belt R y. Co —
Is constructing a belt line from the Illinois T raction road east of Sprlngfleld to connect w ith th e line so u th of city lim its In o rd e r th a t It w ill n o t be
nocessary to ru n express cars th ro u g h Springfield. R ig h t of w ay p ractically
all secured. In S ept. 1907 stock w as Increased from $5,000 to $500,000.
V. 85, p. 723. T em porary bonds to th e a m o u n t of $70,000 have been Issued.
(25) Urbana L ight. H eat & Pow er Co
C ontrols the electric lighting a nd steam heating business of U rb a n a .
E n tire stock Is owned by Illinois T rac tio n Co.
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D E N V E R C IT Y TRAM W AY CO.
DENVER CITY TRAMWAY C ,
O
DEFACER, C O L O R A D O
§1
S T O C K A N D B O N D S .—
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 0 0 ,0 0 0 ................................................................ ............. S e e t* x t ..................................
1 8t m t"i' s s ft .o o o fJK a
r ‘ 10* 3
5
U -N
J 41 5 0 0
See tex t.
1 s t c o n s o l m t g e $ 2 0 0 .0 0 0 1 1 9 0 9
5 J -D
7 2 ,0 0 0
See tex t.
( $ 1 , 0 0 0 ) .............................. ........../ C e n t . T r . C o . o f 111., T r u s t e e . I n t . In C h ic .
B o n d s .— F ir s t m o r t g a g e b o n d s m a tu r e $ 2 ,0 0 0 t o $ 4 ,5 0 0 a n n u a lly o n
M a y 1 u n t il M a y 1 1 9 2 0 . $ 1 4 ,5 0 0 r e tir e d u p t o J u n e 1 9 0 9 . O f 1 s t c o n s o l,
m t g e . $ 4 2 ,0 0 0 a r e r e s e r v e d fo r p r io r b o n d s a n d $ 8 0 ,0 0 0 a r e f o r n e w c o n
s tr u c t io n .
B o n d s m a tu r e o n M a rch 1 y e a r ly fr o m 1 9 1 8 t o 1 9 2 7 . T h e y
a r e g u a r , b y 111. T r a c . C o . V . 8 9 , p . 1 0 7 .
E a r n in g s .— F o r 1 9 0 8 , g r o s s , $ 3 9 ,3 5 5 ; n e t a f t e r t a x e s , $ 0 ,1 9 2 ; c h a r g e s ,
$ 4 ,7 1 9 ; s u r p lu s , $ 1 4 ,4 7 3 .
_
O F F I O E R S .— P r e s ., VV. B . M c K in le y ; S e c ., E . A . M c N u t t ; T r c a s .,
G e o . M . M a u ls ; G e n . M g r ., M . H . C h u b b u c k .— V . 8 9 , p . 1 0 7 .
DAVENPORT, IOWA.
IOWA & ILLINOIS R Y .—A trolley road
O R G A N I Z A T I O N .— I n c o r p o r a te d In I o w a In S e p t e m b e r 1 9 0 1 .
I s an
e le c t r ic r o a d , w ith a s te a m c h a r te r . F r a n c e s e s e x p ir e In 1 9 5 1 .
ST O C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 1 ,5 0 0 ,0 0 0 .........................
P r c f. $ 5 0 0 ,0 0 0 . 6 % n -c ( $ 1 0 0 ) .........................................
5 0 0 ,0 0 0 .........................
1 st m tg e . $2 0 0 0 .0 0 0 , g o ld ! 190 4
5 g J -J
1 ,0 5 0 0 0 0 J a n 1 1 0 2 4
( $ 1 , 0 0 0 ) ...................................c * / i n t e r e s t a t G irard T r u s t C o P h l la ., T r u s te e .
B o n d s .— O f t h e $ 2 ,0 0 0 ,0 0 0 a u t h o r iz e d , $ 5 0 0 ,0 0 0 a r e r e se r v e d fo r a c q u ir
in g o th e r r a ilw a y s a n d $ 4 5 0 ,0 0 0 t o p r o v id e fo r steam r a ilw a y te r m in a ls a n d
e q u ip m e n t a t 8 0 % o f c o s t .
N o s in k in g f u n d , b u t s u b j e c t t o c a ll o n a n y
In te r e s t d a t e a t 105 a n d I n te r e s t. S e e V . 8 2 , p . 1 0 0 , 1 0 0 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 3 5 ,0 7 3 ; In 1 0 7 , g r o s s .
$ 1 3 2 ,8 4 9 ; In 1 9 0 0 , g r o s s . $ 1 0 9 ,1 8 3 .
R O A D .— O p e r a te s 3 0 4 m ile s o f tr a c k b e t w e e n D a v e n p o r t a n d C lin to n
o n p r iv a te r ig h t o f w a y .
7 0 - lb . T - r a il. S t a n d a r d g a u g e .
H a s tr a ffic
a g r e e m e n t fo r tr a n sfe r r in g p a s s e n g e r s t o R o c k I s la n d a n d M o lin e . 111.
O F F I C E R S .— P r e s ., G a r r e tt E . L a m b ; V . - P . a n d A s s t . T r e a s ., F r a n k W .
E llis; 2d V . - P ., H e n r y T h u e n e n J r .; S e c ., R . B . M cC oy; T r e a s ., C . B . M ills;
A s s t . S e c ., L . L a m b ; G en . M g r ., P . P . C r a fts. C lin to n , I o w a ; S u p t . , i . A .
P e r k in s .— V . 8 0 . p . 1 058; V . 8 2 . p. 1 0 0 , 1 0 0 .
THE TRI-CITY RAILWAY & L ldH T CO.— (S e c M a p . page 3 6 . ) —
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c t ic u t M ar. 31 1 9 0 0 a n d o w n s
t h e e n tir e c a p ita l s to c k ( e x c e p t d ir e c to r s' sh a r e s) o f t h e P e o p le ’s P o w e r C o . ,
t h e P e o p le ’s L ig h t C o ., t h e D a v e n p o r t G a s & E le c tr ic C o ., t h e T r l-C lt y R y .
C o ., t h e D a v e n p o r t & S u b u r b a n R y . C o . a n d t h e M o lin e E . M o lin e & W a t e r
t o w n R y . C o.
A ll s to c k a n d b o n d s ( w ith t h e e x c e p t io n o f $ 3 9 9 ,0 0 0 b o n d s
g iv e n b e lo w ) h a v e b e e n d e p o s ite d a s a d d it io n a l s e c u r it y fo r t h e n e w m o r t
g a g e . C o n tr o ls all g a s p la n t s , e le c t r ic lig h t in g c o m p a n ie s a n d s t r e e t r a il
w a y lin e s In t h e c o n t l g u o u s c it ie s o f D a v e n p o r t , I o w a , R o c k I s la n d , M o lin e
a n d E a s t M o lin e . 111.
P o p u la t io n s e r v e d , a p p r o x im a t e ly 1 0 0 ,0 0 0 . F r a n
chises, w it h o n e c o m p a r a t iv e ly u n im p o r ta n t e x c e p t i o n , a r e s a id to e x te n d
t o m a tu r ity o f m o r tg a g e In 19 2 3 a n d b e y o n d .
M E R G E R O F S U B S I D I A R I E S . — I n 1 9 0 7 t h e T r l-C lty R y . C o . a n d t h e
D a v e n p o r t & S u b u r b a n R y . C o w e r e c o n s o lid a t e d , t h e T r l-C lty R a ilw a y
I n c r e a s in g i t s s t o c k fro m $ 1 ,5 0 0 ,0 0 0 t o $ 2 , 5 0 0 ,0 0 0 , In o r d e r t o t a k e o v e r
t h e D a v e n p o r t & S u b u r b a n lin e .
V . 8 5 , p . 1 0 1 . T h e T r l C it y R y . a g a in
In c r ea se d Its s to c k from $ 2 ,5 0 0 ,0 0 0 t o $ 3 ,0 0 0 ,0 0 0 In D e c . 1 9 0 8 .
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 9 ,0 0 0 ,0 0 0
C o m m o n , $ 9 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
P r c f ,$ 3 ,0 0 0 ,0 0 0 ,6 % c u m ($ 1 0 0 ) ____
6Q J
2 ,8 2 0 ,2 0 0 O c t ’0 9 , 1 H
C oll t r u s t 1 s t lie n , m tg e , $9 ,-1 1 9 0 0
5 g A -O
8 ,0 0 0 ,0 0 0 A p r il 1 1 9 2 3
0 0 0 ,0 0 0 s f g o l d .............. c & r / I u t . a t N . Y . T r u s t C o ., N . Y . , T r u s t e e .
N o t e s , $ 1 ,0 0 0 ,0 0 0 g o l d .................................
0%
7 5 0 ,0 0 0
See tex t
I 1891
0 g J -J
3 3 0 ,0 0 0 J u l y 1 1 9 1 0
D a v & R I , 1 st m tg e . g , $1 ,-1
(p a r t d u e y e a r ly ) t o J u l y 1 1 9 1 1
0 0 0 ,0 0 0 ($ 5 0 0 & $ 1 ,0 0 0 ) .c * I I n t . p a y a b le In N . Y . a t C h a se N a t . B k . a n d
( In C h ic a g o a t 111. T r . & S a v B k ., T r u s t e e .
T r l-C lty R y ......................................................
5
5 4 ,0 0 0 S e p t 1 1 9 2 2
S to c k .— P r e fe r r e d s t o c k Is r e d e e m a b le a t 1 2 0 . S e c V . 8 2 p . 1 2 1 3 . L is te d
o n M o n tr e a l a n d T o r o n t o S t o c k E x c h a n g e s .
B o n d s . — O f t h e $ 9 ,0 0 0 ,0 0 0 n e w b o n d s , $ 3 8 4 ,0 0 0 a r e r e s e r v e d fo r p rio r
lie n s , $ 5 1 0 ,0 0 0 fo r 85% o f c o s t o f f u tu r e a d d it io n s a n d I m p r o v e m e n t s a n d
$ 1 0 0 0 0 0 h a v e b e e n r e tir e d b y s in k in g fu n d . A r c s u b j e c t t o c a ll o n a n y
I n te r e s t d a t e a t 1 0 5 a n d I n te r e s t. A s in k in g fu n d p r o v id e s fo r t h e r e d e m p
t io n o f $ 2 ,2 5 0 ,0 0 0 b o n d s b y m a t u r it y . C o u p o n b o n d s a r e In d e n o m in a tio n
o f $ 1 ,0 0 0 a n d r e g is te r e d b o n d s In $ 1 ,0 0 0 , $ 5 ,0 0 0 o r $ 1 0 ,0 0 0 . T h e y a r e
lis t e d o n t h e N e w Y o r k S t o c k E x c h a n g e
Of th e D a v e n p o rt & R o ck
I s la n d b o n d s , 5% Is d u e a n n u a lly t o 1 9 1 0 a n d t h e b a la n c e o n J u l y 1 1 9 1 1 .
T h e $ 1 ,0 0 0 ,0 0 0 g o ld n o t e s m a tu r e In 3 y e a r s .
D iv id e n d s .— F ir st d iv id e n d <>n p r e f ., 1 K, %. p a id J u ly 1 9 0 0 . a n d l t / %
w a s a g a in p a id O c t . 1 ’0 0 . In 1 9 0 7 . 0 % . I n 1 9 0 8 , 0 % . I n 1 9 0 9 , J a n . , 1 H % •
A p r il, U i % ; J u l y , 1 H % ; O c t ., 1 H % .
E A R N I N G S .— F or 12 m o n t h s e n d in g D e c . 31:
Y ea r —
O ross.
N e t.
F ixed C h g s. S in k .F d . D iv id e n d s. S u r p lu s .
1908
$ 1 ,8 1 9 ,0 7 7 $ 7 4 9 ,7 0 1
$ 4 4 0 ,2 9 4
$ 5 0 ,0 0 0
$ 1 6 0 ,3 4 7
$ 0 3 ,1 2 0
1 9 0 7 _______ 1 ,7 8 2 ,3 5 6 6 4 9 ,9 6 4
3 9 8 ,3 4 3
3 7 ,5 0 0 1 5 0 ,1 0 8
5 7 ,9 5 3
R O A D .— O p e r a te s a b o u t 8 7 m ile s o f s ta n d a r d -g a u g e t r a c k , c o n n e c tin g
t h e c it i e s o f D a v e n p o r t , I o w a , a n d R o c k I s la n d , M o lin e a n d E a s t M o lin e ,
111.; 8 0 -lb . g ird er a n d 00 t o 7 5 - lb . T - r a ll.
O F F I C E R S .— P r e s ., J . F . P o r t e r , D a v e n p o r t* V l c e - P r e s ., P . G . G o ss lc r ,
N e w Y o r k : V l c e - P r e s ., G e o . D . M a c k a y . N e w Y o r k ; S e c ., H . R . T o b e y ;
T r e a s ., T . F . W ic k h a m : A s s t . S e c ., M . K . P a r k e r ; A s s t . T r e a s ., T . W . M o f
fa t Jr.
O p e r a t e d u n d e r m a n a g e m e n t o f J . G . W h it e & C o . I n c ., N . Y .
V . 8 7 , p . 9 8 , 108; V . 8 8 , p . 1 1 2 4 , 1 1 2 9 ; V . 8 9 , p . 7 8 0 , 9 1 9 .
DAYTON, OHIO.
CITY RAILW AY CO.— A trolley road.
O R G A N I Z A T I O N .— C h a rte r e d M a y 12 1 8 9 3 .
I s a c o n s o lid a t io n o f t h e
D a y t o n S t r e e t R R ., t h e D a y t o n & S o ld ie r s ’ H o m e R R „ t h e F i f t h S t r e e t
R R . a n d t h e G reen l in e . F ra n ch ises ru n fo r 5 0 y e a r s fr o m F e b . 8 1 8 9 2
a llj1 Jj]yc* i o o o 8$ 1 0 0 0 0 0 n e w c o m m o n s t o c k w a s o ffe r e d t o s h a r e h o ld e r s a t
I.
nar; a t t h e s a m e t im e a s p e c ia l d iv id e n d o f 5 % o n t h is s to c k w a s d e c la r e d .
s r m
A N D * 'B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 2 ,4 0 0 .0 0 0 ($ 1 0 0 ) .................
Q -J
$ 2 ,1 0 5 ,9 0 0 O c t . ; 0 9 . H j %
P r e fe r r e d , $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) -------------0 Q -J
6 0 0 ,0 0 0 O c t. 0 0 , 1
%
D a y t o n & S o ld ie r s ’ H o m e R R 1 1801
0 J -J
6 5 ,0 0 0 J a n 1 1911
1st m o r t g a g e ............................. / I n t e r e s t a t C h e m ic a l N a t . B a n k , N . Y . C it y .
D I V I D E N D S . — 0% per a n n u m Is b e in g p a id o n p r e fe r r e d .
On com m on.
In 1 9 0 0 , 0 % ; In 1 9 0 1 , 0 % : In 1 9 0 2 , 6 % ; in 1 9 0 3 . 0% ;: a ls o 10 2 -3 % ($ 2 5 0 ,0 0 0
In n e w s to c k a t p ar o r In c a sh ) d e c la r e d N o v . 1 9 0 3 ) , pa id J . ii i . 1 1904: In
1 9 0 4 . 0% ; In 1 9 0 5 , 0
In 1 9 0 6 . 7 % : In 1 0 0 7 , 7 % : In 1 9 0 8 , / % : In 1 9 0 9 ,
J a n . . 1 J4 % ; A p r il, 1 H % ; J u l y , 1 % % : O c t ., 1 U'%E A R N I N G S .— F o r c a l. y e a r 1 9 0 8 , g r o s s, $ 5 3 8 ,7 8 8 ; 1 9 0 7 , g r o s s , 5 5 8 9 ,4 1 3 .
I n 1 0 0 6 , g r o s s . $ 5 6 7 ,2 7 3 .
In 1 0 0 5 , g r o s s, $ 4 9 7 ,4 8 1 .
R O A D .— C o n tr o ls a n d o p e r a te s In a ll 3 0 m ile s o f t r a c k , n a m e ly . T h ir d
S t r e e t L in e , F ift h S t r e e t L in e , G re e n L in e , D a y t o n & S o ld ie r s ’ H o m e
R y . a n d K a m m e r A v e , L ine; g a u g e 4 f t . 8 4 In ; r a ils , 7 0 a n d 8 0 - lb . T a n d
7 0 a n d 0 0 - lb . g ird er; o p e r a tin g 4 2 G . E . 67 a n d 5 0 G . E . 8 0 0 m o to r e q u i p
m e n ts ; 100 m o to r c a r s, 10 tr a ile r c a r s a n d 3 s p r in k le r s .
O F F I C E R S .— P r e s ., E . D . G rim es: 1 s t V . - P ., C. B . C leg g ; 2 d V .- P .
E . J . B a r n e y ; S e e ., I t. R . D ic k e y ; G e n . S u p t . a n d P u r c h . A g t ., T . E . H o w e ll.
O ff ic e , W e s te r n a n d A u b u r n A v e n u e s , D a y t o n . — V . 8 3 , p . 1 5 9 0 .
DAYTON COVINGTON & PIQUA TRACTION— A t r o lle y r o a d .
O R G A N I Z A T I O N .— T h is w a s fo r m e r ly k n o w n a s t h e D a y t o n & T r o y
T r a c t io n , b u t n a m e c h a n g e d t o t h e a b o v e In A u g . 1 9 0 1 . T h e D . & T .
T r a c tio n w a s In c o r p o r a te d In O h io In J a n . 1 9 0 0 t o b u ild a s t r e e t r a ilw a y
from D a y t o n to T r o y , b u t r o u te w a s c h a n g e d , a n d r o a d c o n s tr u c t e d fro m
D a y t o n t o C o v in g to n a n d P Iq u a , a b o u t 38 m ile s- 7 0 -lb . T r a ils
C om pany
a c q u ir e d t h e r ig h t t o u s e t h e t r a c k s o f t h e P e o p le ’s R y . In e n t e r lu g c it y
o f D a y to n .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k a u t li , $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 6 0 0 ,0 0 0
.........................
P r e f 5 % n - c , $ 5 5 0 ,0 0 0 ($ 1 0 0 )
....................................
5 5 0 ,0 0 0 ____________
1 st m o r t g a g e , $ 5 5 0 ,0 0 0 g o ld ) 1 0 0 2
5 g A -O
4 5 0 ,0 0 0 A p ril 1 1 0 2 2
($1 0 00)
. ___________ c ’ l l n t . a t O ld C o lo n y T r . C o ., B o s t o n , T r u s t e e .
2d m o r t g a g e , $ 6 0 ,0 0 0 .................................
6 g M -S
6 0 ,0 0 0
See te x t
B o n d s . — $ 1 0 0 ,0 0 0 1st m tg e b o n d s a r e r e se r v e d fo r e x t e n s i o n s a n d I m
p r o v e m e n ts ; 2d m tg e .jb o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 0 5 .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 0 8 ,2 5 1 ; n e t ,
$ 3 1 ,1 6 5 .
I n 1 0 0 8 , g r o s s , $ 1 0 7 ,5 8 7 ; n e t , $ 3 7 ,7 2 5 .
O F F I C E R S .— P r e s ., D . D w y e r ; V . - P . a n d G e n . M g r ., T h o s . T . R o b in s o n ;
S u p t . , T . J . B r e n n a n .— V . 7 7 , p . 1 4 6 .
D A Y T O N & T R O Y E L E C T R IC R Y .— A t r o lle y r o a d
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 0 .
I s b u ilt e n t ir e ly o n p r iv a t e
r ig h t o f w a y . C o m p le te d In D e c . 1 9 0 1 . R a lls 7 0 - lb . T .
P ow er h o u se
lo c a t e d a t T ip p e c a n o e C it y , O h io . S t o c k , $ 5 0 0 ,0 0 0 ($ 1 0 0 ) c o m m o n , a n d
$ 5 0 0 ,0 0 0 ($ 1 0 0 ) p r e fe r r e d ; c u m u la t iv e 5 % .
N o b o n d s c o n te m p la te d .
In
M a y 1 0 0 2 t o o k o v e r t h e M ia m i V a lle y R y . u n d e r a 9 9 y e a r le a s e a t a r e n ta l
o f $ 9 ,6 0 0 p er a n n u m , w h ic h Is a p p lic a b le t o t h e s t o c k o f $ 3 0 0 ,0 0 0 , m o r t g a g e
h a v in g b e e n c a n c e le d .
D iv id e n d s . — O n t h e p r e fe r r e d s t o c k 5 % p e r a n n u m Is b e in g p a i d . O n
c o m ., J a n . 1 1 9 0 4 , 2 % ; In 1 0 0 5 , J a n . , 3 % ; J u l y 1 , 1 % ; A u g ., 1 % : S e p t .. 1% ;
In 1 9 0 6 , J a n . , 2 % ; M a r ch , 2 % ; S e p t ., 2 % . I n 1 9 0 7 , J u l y , 2% . I n 1 9 0 8 ,
none.
In 1 9 0 9 , J a n ., 5% .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 . g r o s s , $ 2 1 8 ,5 2 8 ; n e t , $ 7 3 ,1 8 2 .
I n 1 9 0 7 , g r o s s , $ 2 2 9 ,6 5 4 ; n e t , $ 7 8 ,4 9 6 .
R O A D .— O w n s a n d o p e r a t e s 3 2 \ i m ile s o f t r a c k (1 0 H m ile s d o u b le , 10
m ile s s in g le , 1 m ile s id in g s ) b e t w e e n D a y t o n a n d T r o y .
L e a s e s t h e M ia m i
V a l l e y R y . , e x t e n d in g fr o m T r o y t o P I q u a a n d c o m p r is in g 1 2 .0 1 m ile s o f
t r a c k . T o t a l t r a c k , 4 5 .1 6 m ile s .
O F F I C E R S .— P r e s ., H . P . C le g g ; V . - P . , C h a s . B . C le g g ; S e c . a n d G e n .
M g r ., C . M . P a x t o n ; T r e a s ., R . A . C ru m e; A u d ., F . S p r a g u e .
G e n . o f f ic e .
D a y t o n , O .— V . 7 6 , p . 6 5 3 , 7 5 1 , 1 0 2 9 .
D A Y T O N & X E N I A T R A N S I T C O — T r o lle y .
lieceiversh ip a n d F oreclosure. — J u d g e T h o m p s o n In U . S . C o u r t a t C in
c in n a t i, M a rch 1 2 1 9 0 8 , a p p o in t e d C . J . F e r n e d in g ( P r e s , o f r o a d ) r e o e lv e r .
R o a d s o ld u n d e r fo r e c lo s u r e o f 2 d m t g e . In J u n e 1 9 0 9 . I s t o b e r e o r g a n iz e d
a s t h e D a y t o n S p r in g fie ld & X e n i a S o u t h e r n R y . V . 8 9 , p . 2 9 5 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 1 a s a c o n s o lid a t io n o f t h e D a y
to n & X e n ia T r a c t io n a n d t h e R a p id T r a n s it C o . o f O h io .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 8 0 0 ,0 0 0 ....................................................................
$ 8 0 0 ,0 0 0
1 s t m o r t g a g e , $ 5 0 0 ,0 0 0 . g o ld l 1 9 0 1
5 g A -O
5 0 0 ,0 0 0 A p r il 1 1921
( $ 1 . 0 0 0 ) ................................... c ’ J I n t e r e s t a t O ld C o lo n y T r u s t C o ., B o s ., T r u s .
2 d m o r t g a g e , $ 3 0 0 ,0 0 0 .............. f 1 9 0 1
5 g A -O
3 0 0 ,0 0 0 A p r il 1 1921
I W o r c e s t e r (M a s s .) T r u s t C o .. T r u s t e e .
R O A D — O w n s a n d o p e r a te s 51 m ile s o f r o a d fr o m D a y t o n t o X e n i a , a n d
fr o m D a y t o n t o S p r in g V a l l e y .
O F F I C E R S .— P r e s ., C le m e n t J . F e r n e d in g : V . - P . , H . L . F e r n e d in g ;
T r e a s ., E d w a r d C a n b y ; S e c ., O . O . O z la s . O fflo e , D a y t o n , O .— V . 7 8 , n .
820; V . 8 6 , p . 668; V . 8 8 , p . 1560; V . 8 9 , p . 20 5 .
O A K W O O D S T R E E T R Y . C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d J u l y 2 2 1 8 7 0 In O h io . F ra n ch ise e x lr e s 1 9 4 1 .
S t o c k a u t h o r iz e d a n d o u t s t a n d in g , $ 5 0 0 ,0 0 0 (p a r $ 1 0 0 ) .
No
ond<.
O p e r a te s 8 m ile s o f tr a c k b e t w e e n su b u r b * o f D a y t o n .
S ta n d a r d
gauge.
E a r n in g - c a le n d a r y e a r 1 9 0 7 , g r o s s , $ 1 5 0 ,8 0 0 ; n e t , $ 2 3 ,1 3 8 .
In
1 9 0 6 , g r o s s , $ 1 4 2 ,1 2 2 . P r e s , a n d T r e a s .,C h a r le s B . C le g g , D a y t o n ; 9 u p t .,
H e n r y G e b h a r t, D a y t o n .
g
P E O P L E ’S S T R E E T R A I L W A Y — O w n e d b y t h e A m e r ic a n R y s . C o .—
S e e s t a t e m e n t o f t h e la t t e r u n d e r P h ila d e lp h ia .
DELAWARE, OHIO.
C O L U M B U S M A G N E T IC S P R I N Q S & N O R T H E R N R Y .
ORGANIZATION.— Incorporated In Ohio on Oct. 15 1906, and Is a
consolidation of the Delaware & Magnetic Springs R y. and the Richwood
& Magentlc Springs R y. Private right of way except In City of Richwood.
STOCK AN D BONDS—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
Common, $200,000 ($100).........................................
$130,000 .....................
Pref, 6% n-c, $200,000..............................................
100,000 ...................
CMS&N 1st M. $400,000.gold 1 1906
5 g M-N
250,000 N ov 11931
($1,000), cannot be called . /Interest a t Colonial Trust Co., Pittsburgh,
and no sinking fund — c*J Trustee.
R O AD.— Operates 18 m iles of track from Delaware to Magnetic Springs
and Richwood.
OFFICERS.— Pres., W. M. Galbraith; Pitts.; V .-P. and Treas., C.
Magee Jr., P itts.; Sec., H. E. Buck, Delaware, O.— V. 83, p. 1228, 1409.
DENISON, TEXAS.
D E N IS O N & SH E R M A N R Y — A tr o lle y ro a d .
ORGANIZATION.— Incorporated In Texas on A ug. 27 1900. Com
menced operations May 1 1901. F ra n c h ise s, 50 years In Denison and Sher
man. Private right of way between cities.
STOCK AN D BO NDS—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
Stock $300,000 ($100)
3250,000 .................-
First mortgage, $ 3 5 0 ,0 0 0 (1 9 0 2
5 J-J.................. 265,000 July 1 1927
($ 1 ,0 0 0 ).............................. c*/Illinois Tr. <e Sav. Bank, Chic., & W . II.
J
I Henkle, Trus. Int. at N. W. Harris & Co.
Second mortgage. $50,000 ( 1902
6 Q-J
50,000 July 11912
($ 1 ,0 0 0 ).................................. (Interest a t Illinois Trust & Savings Bank,
l Chicago, and W. H. Henkle, Trustees.
B o n d s . — 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
s in k in g fu n d begins July 1 1905 of 2 % per annum of bonds outstanding until
1913, when amount payable Is 3 % per annum until 1917; from 1918 to 1922 ,
Inclusive, 4% per annum; 1923 to 1928 Inclu-lve, 5% per annum. $25,000
held In linking fund Jan. 1 1909.
R OAD.— Operates 16 miles of track (8 miles between Denison and Sher
man and 8 miles In the cities. Under agreem ent, cars of the Texas Traction
arc operated over this company's tracks. 60-lb., 70-lb. and 80-lb. T rails.
Also owns 45-acre park situated m idway between the tw o cities.
EA R N IN G S.— 12 months ending April 30 1909, gross, $110,432; net,
$832,537. In 1907-08, gross, $110,537; net, $36,324.
O FFICER S.— Pres, and Treas., J. P Crerar; V .-P ., John Crerar. Prin
cipal office, Denison, T exas.— V. 81, p. 613; V. 88, p. 822.
DENVER, COL.
T H E D E N V E R & N O R T H W E S T E R N R Y .— A n electric road.
O RGANIZATION.— Incorporated In Colorado In June 1901. Current
Is furnished by Denver Tramway Power Co. F ra n ch ise In Denver run- for
50 years; In Golden for 09 year ; upon and across county roads Is perpetual.
Remainder (comprl Ing main mileage) 1 over private right of way.
In May 1902 purchased stock of Denver City Tramway Co. See V . 74,
I). 1038. Th s stock has been deposited as collateral under the new mtge.
STOCK AN D BONDS—
D ate.
in te r e s t. O u tsta n d in g .
M a tu r ity
- .................$6,000,000
.....................
Stock $6,000,000 ($100).......................
First and collateral mortgage: 1902
5 g M-N
6,000,000 May 1 1032
gold $6,000,000 ($500 a n d lln terest at Mercantile Trust Co., New York,
$ 1 ,0 0 0 )....... ........................ c*J Trustee; also office of company In Denver.
B o n d s . —Can be called on any Interest day at 105 and Interest upon 90
days’ notice
On Aug. 1 1907 whole Issue was called for paym ent N ov. l.
1907, but, the panic Intervening, the notice was rc-clnded.
E A R N I N G S .— O f c o m b in e d s y s t e m fo r y e a r s e n d in g D e c . 3 1 ;
G ross.
1908_____________ $3,152,568
1007_____________ 2,913,651
N e t.
$1,637,326
1,538,813
S in k .F u n d *F ix e d
P o w .B d s. C harges.
$40,086
10,344
S u r n tu s
$900,549 $696 691
8751704 6521765
* Fixed charges include taxes and franchise payments
R O A D .—Operate 20.19 mile- of track through former town of Berke
ley (now part of City of Denver) . northwesterly through Arvada to coal
mining town of Leyden Including branch from Arvada to Golden. Gauge
3-ft. 6 In. 75 and 80-lb. T rail. 106 car-, of which 5 are motor freight,’
93 gondola, flat and dump freight cars, remainder miscellaneous.
*
O FFIC E R S.— Pro-., S. M. Perry; 1 t V .-P ., W. G. Evans; 2d V -P and
Gen. Su pt., John A. Beeler: Sec. and T rca;., F. G. M oifaf Aud ' IV a
Do ty .—V. 74. p. 1037; V. 85. p. 40, 1143.
*
(1) Denver CRy Tramway Co.— (See M a p on Page 3 8 .)— Electric.
In May 1002 Denver & Northwest R y. obtained control, exchanging It
securities for Denver City Tramway stock. Sec V. 74 p 1038
O R G A N I Z A T I O N .— C h a r te r e d In C o lo r a d o In J a n . 1 8 0 0 fo r 5 0 y e a r s .
C o m p r ise s t h e e n t ir e s t r e e t r a ilw a y s y s t e m o f D e n v e r .
Is o w n er , b y
p u r c h a s e a n d c o n o l id a t lo n , o f f o llo w in g c o m p a n i e s f o r m e r ly o p e i a t i n g
In a n d a b o u t D e n v e r : T h e D e n v e r E le c tr ic & C a b le R y . , t h e D e n v e r l r a m
w a y C o ., t h e S o u t h D e n v e r C a u ie R y . , th e D e n v e r T r a m w a y E x t e n s io n
C o ., th e D e n v e r C o n s o lid a te d T r a m w a y C o ., t h e M e tr o p o lita n R y . , t h e
D e n v e r C it y C a b le R y . , t h e W e t E n d S t r e e t R B . , t h e D e n v e r C it y I r a c t lo n C o . a n d t h e C o if a x E le c tr ic R y .
A ls o o w n s e n t ir e s t o c k o f D e n v e r
F r a n c h ise s .— T h e g e n e r a l fr a n c h is e s u n d e r w h ic h T h e D e n v e r C ity T ra m
w a y C o. o p e r a te s Its lin e s w it h in t h e C ity o f D e n v e r a re: a f r a n c h is e a u t h o r
iz in g It t o b u ild , o p e r a te a n d m a in t a in c a b le a n d e le c t r ic r a ilw a y s , g r a n t e d
F e b 5 1 8 8 5 , c o v e r in g a ll Its p r e s e n t lin e s w it h in t h e c i t y — s u b s t a n t ia lly
180 m ile s .
T h is fr a n c h is e is w i t h o u t t im e l im it , p r o v id e s fo r 5 - c e n t fa r e s
fo r p a v in g , & c.
A lso o p e r a te s u n d e r a 2 0 - y e a r g r a n t , v o t e d b y t h e t a x
p a y in g e le c t o r s o f t h e c it y in M a y 1 9 0 0 , w h ic h a u t h o r iz e s it to m a in t a in
th r e e -r a il t r a c k s , g a u g e s 3 f t . 0 In . a n d 4 f t . 8 H in . o v e r a ll its p r e s e n t lin e s
w it h in t h e c it y , a n d p e r m its t h e c o n s tr u c t io n o f c e r t a in v i a d u c t s a n d e x t e n
s io n s . S e c d e c is io n In V . 8 4 , p . 2 2 0 .
S h a r e h o ld e r F e b . 19 1 9 0 7 a u t h o r iz e d a n In c r ea c in t h e s t o c k to $ 2 0 ,
000 000.
See V . 8 4 , p . 3 9 0 .
O n A u g . 2 7 1 9 0 8 a u t h o r iz e d $ 2 5 ,0 0 0 ,0 0 0
m tg e .
V . 87, p . 013.
O n M c h . G 1 9 0 9 s to c k h o ld e r s v o t e d t o c a n c e l t h is
m t g e . a n d t o a u t h o r iz e a n e w I s su e , n o t to e x c e e d $ 2 5 ,0 0 0 ,0 0 0 , o f 5%
2 5 - y e a r s in k in g fu n d g o ld b o n d s (s e e b e lo w ) . V . 8 8 , p . 3 7 4 , 6 8 5 , 8 8 2 .
' '
'
M a tu r ity .
D a le.
in te r e s t. O u tsta n d in g .
STO C K A N D B O N D S
$ 5 ,0 0 0 ,0 0 0 I n 1 9 0 8 , 6 %
S t o c k $ 2 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .
1 ,2 1 9 ,0 0 0 J a n . 1 1 9 1 0
< T g " j-j'"
D e n T r a m c o n m t g g o ld $ 2 , 1 8 9 0
0 0 0 ,0 0 0 ........................... c*<Scr.
9 5 3 ,0 0 0 J a n . 1 19 1 1
6 g J -J
g $ 1 ,0 0 0 ,0 0 0 189 1
M et S t R R 1 st
1 ,1 6 7 ,0 0 0 O c t 1 1 9 3 3
5 g A -0
D e n v e r C o n so l T r a m w a c o n s / 1 8 9 3
.
m t g e , $ 4 ,0 0 0 ,0 0 0 , g o l d ------ ( I n t e r e s t a t M e r c a n tile T r . C o ., N . Y . , T r u s t
5 g A -O
2 ,0 0 0 ,0 0 0 A p ril 1 1 9 1 9
P u r c h a s e m o n e y m tg e g o ld / 1 8 9 9
$ 2 .0 0 0 ,0 0 0 ($ 1 ,0 0 0 A $ 5 0 0 ) c * l I n t e r e s t a t C e n tr a l T r u s t C o .. N . Y . , T r u s t e e .
1 s t & r e f m t g e , $ 2 5 ,0 0 0 ,0 0 0 g l 19 0 8
5 M -N
$ 1 ,8 4 8 ,0 0 0 N o v 1 193 3
( $ 5 0 0 & $ l ,0 0 0 ) s t n k f d . . c * J I n t . a t M e rc . T r . C o ., N . Y . , T r . & In D e n v e r .
B o n d s . — I n t e r e s t o n a ll u n d e r ly in g b o n d s Is p a y a b le a t M e r c a n tile I ru st
C o ., N e w Y o r k , a n d In D e n v e r . T h e m o r t g a g e o f 1 8 9 9 Is a fir st lie n o n th e
D e n v e r C ity a n d W e s t E n d p r o p e r tie s a n d a lie n o n t h e D e n v e r C o n so lid a te d
T r a m w a y Junior t o Its e x is t in g m o r t g a g e s , to r e m a in o u t s t a n d in g a n d be
a s s u m e d . A b s t r a c t o f D e n v e r C o n s o lid a te d T r a m w a y s c o n s o lid a t e d m o r t
gage of 1893.
V . 52, p . 35 4 .
O f t h e fir st a n d r e fu n d in g b o n d s o f 1 9 0 8 ,
$ 1 3 ,0 8 3 ,8 0 0 a r e r e s e r v e d fo r p r io r lie n s ( In c lu d in g t h e D e n v e r T r a m w a y
P o w e r b o n d s a n d t h e D e n v e r & N o r t h w e s t e r n b o n d s) a n d t h e r e m a in in g
$ 1 0 ,0 0 8 ,2 0 0 fo r a d d it io n s a n d I m p r o v e m e n ts a t 8 5 % o f a c t u a l c o s t, n o
m o re t h a n $ 3 » 0 ,0 0 0 a r e to b e Issu e d In a n y o n e y e a r u n t il t h e $ 6 ,0 0 0 ,0 0 0
b o n d s o f th e D e n v e r & N o r t h w e s t e r n h a v e b e e n r e tir e d , a n d t h e r e a f t e r o n ly
u n d e r c e r t a in r e s t r ic t io n s . S e e V . 8 8 , p . 8 8 2 .
B o n d s a r e c a lla b le a s a
w h o le b u t n o t in p a r t , e x c e p t fo r s in k in g f u n d , a t 1 0 5 a n d in te r e s t o n a n y
in te r e s t d a y a f te r 1913 u p t o N o v . 1 1 9 2 3 ; th e r e a f t e r a t 102 Vi a n d I n te r e s t
o n 0 0 d a y s ’ n o t ic e . S in k in g f u n d o f 1% o f b o n d s o u t b e g in s N o v . 1 1014
u n t il a n d in c lu d in g N o v . t 1 9 2 3 ; t h e r e a f t e r 2% o f b o n d s o u t .
R O A D .— O w n s 1 8 6 .5 6 m ile o f e le c t r ic t r a c k .
G a u g e , 3 f t . 0 In .
P r in
c ip a ll y 65 a n d 7 2 - lb . r a il.
3 7 0 c a r s , o f w h ic h 2 4 5 m o to r p a s s e n g e r ca rs;
64 tra il p a s s e n g e r c a r s a n d 61 m is c e lla n e o u s .
D I V I D E N D S . — D iv id e n d s o f 0% p e r a n n u m h a v e b e e n p a id o n D e n v e r
C it y T r a m w a y s t o c k -in c e M a y 15 1 0 0 2 .
P r c v lo u ; t o 1 0 0 2 , 4 % p e r a n n u m
^ O F F I C E R S . — P r e s ., W m . G . E v a n ; 1 t V . - P ., S . M . P e r r y ; 2 d V .- P . a n d
G e n . M a n ., J o h n A . B e e ler ; S e c . a n d T r e a . , T h o i . K e c ly ; A n d ., W . A .
D o t y V . 8 4 , p . 2 2 0 , 390; V . 8 7 , p . 2 2 6 , 613, V . 8 8 , p . 3 7 4 , 6 8 5 , 882
(2)
The Denver Tramway Power Co.—
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o lo r a d o M a rch 1 9 0 1 a n d o w n s
t h e e le c t r ic a l p o w e r p l a n t a n d dl t r lb u t ln g - y tern w h ic h s u p p l c< t h e c u r
r e n t fo r th e o p e r a t o n o f t h e D e n v e r & N o r t h w e s t e r n a n d t h e D e n v e r C ity
'T r a m w a y C o .’s lin e s .
I t s p r o p e r ty Is o p e r a te d a n d m a in t a in e d b y t h e
D e n v e r C ity 'T r a m w a y C o . u n d e r le a s e .
I t s b o n d s a r e g u a r a n t e e d , p r in c ip a l
a n d I n t e r e s t , b y t h e D e n v e r C it y T r a m w a y C o .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................................
$ 5 0 0 ,0 0 0 ........................
F ir s t im p r o v m tg e $ 1 ,5 0 0 ,0 0 0 ( 1 9 0 3
5 gA O
1 ,3 2 9 ,0 0 0 A p ril 1 1 9 2 3
g o ld ($ 1 ,0 0 0 ) g u a r p & l . . . ( I n t . a t I n t e r n a t . T r u s t C o ., D e n v e r , t r u s t e e
t o r M o r to n T r u s t C o ., N e w Y o r k
B o n d s . — O f t h e 1 s t im p r o v e ’t m tg e . b o n d s , $ 7 7 ,0 0 0 a r e r e s e r v e d fo r f u tu r e
Im p ro v em en ts a t c o st.
A re s u b j e c t t o c a ll o n a n y in te r e s t d a t e a f te r A p ril
1 9 0 8 a t 105 a n d I n te r e s t.
A s in k in g fu n d o f $ 5 0 ,0 0 0 p e r a n n u m , t o r e tir e
b o n d s a t 105 a n d I n te r e s t, c o m m e n c e d in 1 9 0 8 , a n d $ 9 4 ,0 0 0 h a v e b e e n r e
t ir e d . T h is Is a ls o g u a r a n t e e d b y D e n v e r C ity T r a m w a y .
In terest
Is p a y a b le .n N e w Y o r k a n I D e n v e r .
P L A N T .— I s o p e r a te d b y a n d fu r n l h e s a ll p o w e r fo r t h e D e n v e r T r a m
w a y C o.
N o r m a l c a p a c it y o f c o m p a n y ’s p l a n t , w h ic h Is s it u a t e d o n t h e
P l a t t e R iv e r In D e n v e r , I ; 7 ,5 0 0 k . w .
O w n s 3 s u b - s t a t io n s , t w o o f 1 ,0 0 0
k . w . a n d o n e o f 9 0 0 k . w . c a p a c it y .
O F F I C E R S .— P r e s ., W m . G . E v a n - ; V . - P . , J o h n A . B e e le r ; S e c . a n d
T r e a s ., T h u s . K e e l y .— V . 8 2 , p 1 4 3 7 : V . 8 3 , p . 3 6 ; V . 8 6 , p . 1 1 0 3 .
DERRY, PA.
WESTAIORELAND COUNTY RAILW AY CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y l v a n ia o n D e c . 2 7 1 9 0 4 .
is
a c o n s o lid a t io n o f t h e B r a d c n v llle & D e r r y S t r e e t R y . a n d t h e B la lr s v llle &
D erry S tr ee t R y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r it y •
s t o c k $ 5 0 0 ,0 0 0 ( $ 5 0 ) ............- ..................................................
$ 5 0 0 ,0 0 0 .........................
F ir s t m o r t g a g e $ 2 5 0 ,0 0 0 g o l d / 1 9 0 5
5 g M -S
2 5 0 ,0 0 0 M c h . 1 1 9 3 5
( $ 1 0 0 ) ........................... .......... c * \ I n t . a t E a s t E n d . S a v . & T r . C o ., P i t t s . , T r
B O N D S .— N o s in k in g fu n d a n d b o n d s a r e n o t s u b j e c t t o c a ll.
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 0 0 8 , g r o s s , $ 4 2 8 7 0 ; n e t , $ 1 0 ,
80 3 ; I n te r e s t a n d t a x e s , $ 1 3 ,3 9 9 ; <e l i c i t , $ 2 ,5 9 0 .
R O A D .— O p e r a te s 7 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., J o s . K e e lin g ; S e c .. A . P . M ey er; T r e a s ., J . G . V U s a c lc , a ll o f P itt s b u r g h ; S u p t . . S . F . S c h w a r t z , D e r r y .— V . 8 2 , p . 5 0 .
DES MOINES, IOWA.
DES MOINES CITY R AILW AY.— A trolley road.
I n J u ly 190 9 It w a s r e p o r te d t h a t W m . B . M c K in le y , P r e s , o f I llin o is
T r a c . C o ., h a d p u r c h a s e d th e D e s M o in es C ity R y . a n d t h e I n t c r u r b a n R y . ,
a n d a ls o t h e D e s M o in e s E le c . C o .
V . 8 9 , p . 22 4 ; 4 1 0 .
O R G A N I Z A T I O N .— A c o n s o lid a t io n In 18 9 3 o f t h e D e s M o in es S tr e e t
R R . a n d t h e D e s M o in e s S u b u r b a n R y . C o.
Is a u t h o r iz e d t o c a r r y fr e ig h t.
F r a n c h is e s In D e s M o lu es c o n s id e r e d p e r p e tu a l u n d e r a c h a r te r g r a n te d by
t h e c i t y o f D e s M o in es t o D r . M . P . T u r n e r o n D e c . 10 1 8 6 6 ,
O n N o v . 21
1 0 0 5 t h e C ity C o u n c il p a s s e d a r e s o lu t io n d ir e c t in g t h e c o m p a n y t o r e m o v e
Its t r a c k s fro m t h e s t r e e t s .
B u t o n F e b . 27 19 0 7 t h e U . S . C ir c u it C o u rt
a t D e s M o in e s ,I n a n a c tio n b r o u g h t b y t h e c o m p a n y t o r e s tr a in t h e c it y
fr o m a t t e m p t in g t o e n fo r c e t h is o r d in a n c e , d e c k le d t h a t t h e fr a n c h is e o f
t h e c o m p a n y Is p e r p e tu a l.
V . 84, p. 508.
O n M a y 17 1 9 0 9 , h o w e v e r , th e
U n it e d S t a t e s S u p r e m e C o u r t r e v e r s e d t h e d e c is io n o f t h e C ir c u it C o u r t, b u t
d id n o t d e c id e t h e q u e s t io n w h e t h e r t h e f r a n c h is e w a s p e r p e tu a l. V .8 8 ,
p. 1313.
V . 89, p. 224.
G u a r a n te e s t n e I n te r u r b a u R y . C o . b o n d s — p r ln . a n d I n t.
S e e b e lo w .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity C o m m o n , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 1 ,0 5 5 ,0 0 0 ........................
P r c f 0 % n - c , $ 2 5 0 ,0 0 0 ......................................................
2 5 0 ,0 0 0 ....................
D o s M o in e s S t R R 1 s t M f 1 8 8 0
6 g A -O
3 1 5 ,0 0 0 O c t 1 ’0 9 to
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e a c h ) --------------------------------- c * I n t e r e s t a t C h e m ic a l N a t . B a n k . N . Y . C ity
T r u s t e e , I o w a L o a n & T r u s t , D e s M o in e s .
D e s M o in e s C it y R y r e fu n d ’s
190 1
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m o r t g a g e , $ 3 ,0 0 0 ,0 0 0 , g o ld I n t e r e s t a t N . W . H a rr is & C o ., N Y . C ity
( $ 1 , 0 0 0 ) .................................... c *
a ls o C h ic a g o
T r u s t e e s , I llin o is T r u s t &
S a v . B k . a n d W m . H . H c n k le o f C h ic a g o .
B o n d s. — O f t h e n e w m tg e . b o n d s o f 1 9 0 1 , $ 8 8 2 ,0 0 0 w e r e o r ig in a lly re
s e r v e d t o r e tir e t h e u n d e r ly in g 0 s th e n o u t s t a n d in g .
O f t h e $ 2 ,3 1 4 ,0 0 0 6 s
r e p o r te d o u t s t a n d in g , $ 5 ,0 0 0 h a v e b e e n d e p o s ite d w it h I llin o is T t u s t &
S a v in g s B a n k t o b e h e ld In lie u o f $ 4 ,0 0 0 D e s M o in e s C ity R y . 6 s s t ill o u t .
B o n d s c a n b e c a lle d o n a n y I n te r e s t d a t e o n a n d a f te r A p ril 1 1 9 0 # a t 1 0 6
a n d I n t e r e s t . S in k in g fu n d b e c o m e s o p e r a t iv e a s fo llo w s : $ 1 0 ,0 0 0 y e a r ly o n
April 1 fr o m 1 9 0 6 t o 1 9 1 0 , $ 1 5 ,0 0 0 fr o m 19 1 1 t o 1 9 1 5 a n d $ 2 5 ,0 0 0 fr o m
1 9 1 6 t o 1 9 2 0 . T h e r e m a in in g b o n d s m a y o n ly b e Issu ed t o p a y fo r 80 % o f
c o s t o f e x t e n s i o n s , p r o v id in g n e t e a r n in g s a r e 50 % lu e x c e s s o f I n te r e s t
c h a r g e s u p o n a ll b o n d s o u t s t a n d in g . I n c lu d in g t h o s e t o be is s u e d
R E P O R T .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s, $ 9 0 6 ,7 4 7 ; n e t , $ 3 1 8 ,5 4 8 .
R O A D .— O p e r a te s 8 0 m ile s o f t r a c k . S t a n d a r d g a u g e , 4 5 t o 8 5 lbs. T
a n d g ir d e r r a ils .
O F F I C E R S .— P r e s ., G eo r g e B . H Ip p e e; V . - P . , H . H . P o lk ; S e c ., N . T .
G u e r n se y ; G e n . M g r ., A . G . M alsh; S u p t . , C . P . W ils o n . V . 8 3 , p . 7 5 1 ;
V . 8 4 , p . 50 8 ; V . 8 6 , p . 54 6 ; V . 8 8 , p . 1 3 1 3 ; V . 8 9 , p . 2 2 4 .
INTERURBAN RY.— A t r o lle y r o a d .
F o r c h a n g e in c o n t r o l, & c ., s e e a b o v e u n d e r D e s M o in e s C it y R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I o w a t o c o n s t r u c t a s y s t e m o f
In tc r u r b a n r o a d s c o n n e c t in g w it h D e s M o in e s . T h e D e s M o in es C ity R y .
C o . g u a r a n t e e s t h e b o n d s , p r ln . a n d I n t.
I n A p ril 1 9 0 6 a u t h o r iz e d s to c k
w a s I n c r e a s e d fr o m $ 1 ,0 0 0 ,0 0 0 t o $ 1 ,2 0 0 ,0 0 0 .
STOCK A N D B O N D S —
D a le.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 , 2 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 1 , 1 6 0 ,0 0 0 .........................
1 st m o r t g a g e , s in k in g f u n d ,) 1 9 0 1
5 g A -O
1 ,1 6 0 ,0 0 0 A p r il 1 1921
g o ld ( $ 1 ,0 0 0 ) , g u a r a n t e e d A m c r . T r u s t & S a v in g s B k ., C h ic ., T r u s t e e ,
p . & 1. b y D e s M o in e s C it y I n t e r e s t a t N . W . H a r r is & C o .. N e w Y o r k
R y -------------------------------------c * j
a n d C h ic a g o .
B o n d s . — O th e r b o n d s m a y b e I ssu ed fo r a c q u is it io n s a n d e x t e n s i o n s a t
n o t o v e r 8 0 % o f c o s t a n d a t n o t o v e r $ 1 6 ,0 0 0 p e r m ile fo r n e w r o a d , b u t o n ly
w h e n n e t e a r n in g s e q u a l 1
t im e s a ll I n t e r e s t c h a r g e s o n b o n d s o u t s t a n d in g
a n d th o se to be Issu ed .
B o n d s a r e s u b j e c t t o c a ll o n a n d a f t e r A p r il 1 1 9 0 6
a t 1 0 5 a n d I n t e r e s t , w h e n a s in k in g fu n d o f 5 % o f b a la n c e o f a n n u a l n e t
e a r n in g s a f te r p a y m e n t o f a ll c h a r g e s b e c o m e s o p e r a t iv e , a n d b o n d s s o p u r
c h a s e d a r c t o b e k e p t a l iv e fo r p u r p o s e o f t h e f u n d .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1 9 0 8 .g r o s s, $ 2 1 1 ,3 2 6 ;
n e t , $ 7 1 ,7 1 7 ; In 1 9 0 7 , g r o s s . $ 2 2 0 ,1 0 0 ; n e t , $ 7 0 ,3 9 1 .
R O A D .— C o n n e c t s D e s M o in e s a n d C o lf a x , 24 m ile s , D e s M o in e s a n d
P e r r y , w it h b r a n c h t o W o o d w a r d . 3 8 ^ m ile s , a n d a ls o o p e r a te s 10 m ile s in
a n d a r o u n d D e s M o in es; t o t a l , 7 2 H m ile s . S t a n d a r d g a u g e : 6 0 a n d 70 l b .
T r a il. C ars e n t e r D e s M o in e s o v e r tr a c k s o f D e s M o in e s C ity R y .
O F F I C E R S .— P r e s ., H . H . P o lk ; V . - P ., E . P . S m it h ; S e c ., N . T . G u e r n
s e y T r e a s ., G e o . B . H Ip p e e ; G e n . M g r ., A . G . M a ls h .— V . 7 4 , p . 6 8 0 .
DETROIT, MICH.
D E T R O IT U N I T E D R A I L W A Y .— { S e e M a p p a g e 4 0 . ) — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n D e c . 31 1 9 0 0 a n d t o o k
o v e r f r a n c h is e s a n d p r o p e r tie s o f t h e D e t r o it C it iz e n s ’ S t r e e t R y . , t h e D e t r o it
E l e c tr ic R y . , t h e D e t r o it F t . W a y n e & B e lle I s le a n d t h e D e t r o it S u b u r b a n .
V . 72. p . 44, 183.
E m b r a c e s a ll t h e s tr e e t r a ilw a y lin e s In D e t r o it .
L a t e r a b s o r b e d b y p u r c h a s e t h e D e t r o it & N o r t h w e s t e r n R y . , w h ic h Is
k n o w n a s t h e O rc h a r d L a k e d iv is i o n , t h e D e t r o it & P o n t ia c R y . , k n o w n
a s t h e P o n t ia c d i v is i o n , t h e W y a n d o t t e & D e t r o it R iv e r R y . , k n o w n a s t h e
W y a n d o t t e d iv is i o n , a n d t h e D e t r o it & F l in t , f o r m e r ly t h e D e t r o it R o c h e s
te r R o m e o & L a k e O rio n R y . , a n d k n o w n a s t h e F lin t d iv is i o n .
O wns en
tir e c a p it a l s t o c k ( $ 2 ,0 0 0 ,0 0 0 ) o f t h e D e t r o it & P o r t H u r o n S h o r e L in e .
I n A u g . 19 0 1 p u r c h a s e d 2 ,9 7 0 s h a r e s (a ll) o f t h e s t o c k o f t h e S a n d w ic h
W in d s o r & A m h e r s tb u r g R y .; 1 8 0 s h a r e s (a ll) o f t h e s t o c k o f t h e C it y E l e c
t r ic R y . a n d t h e P e o p le ’s E le c tr ic L ig h t p la n t o f W in d s o r , O n t.
I n F e b . 1 9 0 6 is s u e d $ 1 ,0 0 0 ,0 0 0 n o t e s fo r t h e p u r p o s e o f a c q u ir in g t h e
e n t ir e s t o c k o f t h e D e t r o it M o n r o e & T o le d o S h o r t L in e R y .
V . 82, p.
3 9 2 . T h e s e w e r e p a id o ff M a rch 1 1 9 0 9 .
V . 8 8, p . 563.
I n J a n . 1 9 0 7 c o m p a n y p u r c h a s e d c o n t r o l o f t h e D e t r o it Y p s lla n t l A n n
A r b o r & J a c k s o n R y . , t h e J a c k s o n A n n A r b o r & D e t r o it R y . a n d th e
D e t r o it P ly m o u t h & N o r t h v llle R y . , a n d r e o r g a n iz e d th e m u n d e r t h e n a m e
o f D e t r o it J a c k s o n & C h ic a g o R y .
V . 84, p. 450.
T h e U n it e d S t a t e s S u p r e m e C o u rt o n M a r ch 3 1 9 0 2 d e c id e d t h a t th e
o r d in a n c e o f 1 8 8 9 c o m p e llin g t h e C it iz e n s ’ S t r e e t R y . to s e ll 8 t ic k e t s fo r a
q u a r te r w a s I n v a lid .
( S e e V . 7 4 , p . 5 2 8 .)
I n J u ly 1 9 0 6 a p r o p o s e d o r d in a n c e e x t e n d in g t h e c o m p a n y ’s fr a n c h is e s
u n t il D e c . 4 1 9 2 4 w a s s u b m it t e d t o t h e C ity C o u n c il.
See V . 83, p. 271,
1 1 7 0 . V . 8 4 , p . 3 3 8 . O r d in a n c e , h o w e v e r , fe ll th r o u g h .
O n M a y 1 1 9 0 7 t h e S u p r e m e C o u rt o f M ic h ig a n d e c id e d t h a t t h e c i t y o f
D e t r o it c o u ld n o t la y s t r e e t r a ilw a y tr a c k s th r o u g h Its D e p a r t m e n t o f
P u b lic W o r k s (a s a t t e m p t e d u n d e r a n o r d in a n c e o f t h e C ity C o u n c il p a s s e d
In 1 9 0 5 ) , t o b e l e a s e d , a s s u p p o s e d , t o a n o p e r a tin g c o m p a n y .
V . 8 4 ,p . 1052.
O n A p ril 2 5 1 9 0 7 J u d g e S w a n In t h e U . S . C o u rt a t D e t r o it g r a n t e d a n I n
j u n c tio n ( w h ic h J u ly 24 1 9 0 7 w a s m a d e p e r m a n e n t) r e s t r a in in g t h e c it y
fr o m e n f o r c in g a n o r d in a n c e s e e k in g t o c o m p e l t h e c o m p a n y t o g iv e 20
s e c o n d s ’ s e r v ic e o n s o m e o f Its lin e s .
V . 8 4 , p . 1052.
O n J u l y 2 3 1 9 0 7 J u d g e S w a n g r a n t e d a n I n ju n c tio n r e s t r a in in g t h e c it y
fr o m e n a c t in g a n o r d in a n c e w h ic h p r o v id e d t h a t c o m p a n y c a n u s e p a t c h e s
o f lin e o n w h ic h f r a n c h is e s a r e s a id t o h a v e e x p ir e d o n c o n d it io n o n ly t h a t
5 t ic k e t s b e s o ld fo r 15 c e n t s o v e r e n t ir e lin e s o r s tr e e t s o n w h ic h p a t c h e s
It". V . 8 5 , p . 3 4 5 . &
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S t o c k E x c h a n g e ; a ls o D e t r o it C it iz e n s ’ R y . c o n s o l. 5 s .
B o n d s . — O f t h e $ 2 5 ,0 0 0 ,0 0 0 fir st c o n s o lid a t e d m o r tg a g e b o n d s a u t h o r iz e d ,
$ 9 ,0 2 0 ,0 0 0 a r e r e se r v e d t o r e tir e u n d e r ly in g lie n s a n d $ 2 ,1 4 7 ,0 0 0 are
r e s e r v e d fo r a c q u ir in g n e w p r o p e r tie s a t t h e r a te o f 7 5 % o f c o s t , a n d
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E n tir e I s s u e , or
a n y p a r t t h e r e o f . Is s u b j e c t t o c a ll a t a n y t im e a t 1 0 5 a n d I n t e r e s t o n 60
d a y s ' n o t ic e . S e e V . 7 3 , p . 1 1 1 1 . T h e c o ll, t r u s t n o t e s o f 19 0 7 a r e s e c u r e d
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B o n d s . — A r e g u a r a n t e e d u n d e r te r m s o f le a s e .
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b e e n c a n c e le d .
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tu r e In o r d e r o f n u m b e r s a t $ 5 0 ,0 0 0 p e r a n n u m , b e g in n in g D e c . 1 1 9 1 2 ;
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n o t ic e a f te r M a y 1 1 9 1 1 . S e e V . 7 3 , p . 4 9 4 .
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g , $ 3 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) . . c * j l n t . a t T r . C o . o f A m e r ic a , N . Y . , T r u s t e e .
B o n d s. — O f t h e c o n s o lid a t e d m t g e ., $ 1 ,1 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e
b o n d s o f lik e a m o u n t o f t h e D . R . R . & L a k e O . R y . a n d $ 5 0 0 ,0 0 0 h a v e b e e n
c a n c e le d .
C o n s o lid a te d b o n d s a r e s u b j e c t to c a ll a t 1 0 0 a n d I n te r e s t a f te r
A u g . 1 1911 o n 80 d a y s ’ n o t ic e .
B o th I ssu es a r e g u a r a n t e e d b y t h e D e tr o it
U n it e d R y .: s e e fo rm o f g u a r a n t y In V . 7 6 , p . 1 3 0 0 ; a s ’ a d d it io n a l c o lla te r a l
s e c u r it y o n t h e F lin t b o n d s 1 st c o n s o l. 4 y? % b o n d s o f t h e D e t r o it U n ite d
a r e d e p o s i t e d , $ for $ , w it h t h e G u a r a n ty T r u s t C o . o f N e w Y o r k , a n d w o u ld
b e a v a ila b le In t h e e v e n t o f d e f a u lt o n t h e D e t r o it <c F lin t b o n d s .
5
R E P O R T . — A n n u a l r e p o r t o f t h e D e t r o it U n it e d R y . fo r t h e y e a r e n d in g
D e c . 31 190 8 w a s p u b lis h e d In V . 8 8 , p . 4 4 8 .
D e t r o it U n ite d R y . , R a p id R a ilw a y S y s t e m . S a n d w ic h W in d s o r & A m h e r s t b u r g R y . a n d D e t r o it M o n r o e & T o le d o S h o r t L in e R y . C o m b in e d .*
■1907.
*1908.
*1906.
G ro ss e a r n in g s .............. ........................................$ 7 ,1 1 4 ,7 6 0
$ 7 ,0 7 3 ,2 4 6 $ 6 ,0 6 3 ,1 8 2
O p e r a t in g e x p e n s e s . I n c lu d in g t a x e s . . 4 ,5 5 9 ,1 2 3
4 ,4 6 5 ,0 4 4
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.$ 2 ,5 5 ,6
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.
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I n c o m e fr o m o t h e r s o u r c e s _____
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l 0 l 92
• $ 7 7 0 ,7 0 8
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T h e c o m b in e d s y s t e m c a r r ie d 1 2 6 ,6 6 8 ,9 6 8 r o v e n u e p a s s e n g e r s In 1 9 0 8 ,
a g a i n s t 1 2 6 ,6 0 1 ,9 4 6 In 1 007; 3 6 ,6 2 2 ,4 9 0 tr a n s fe r p a s s e n g e r s , a g a in s t,
3 6 , 7 0 4 ,4 3 1 .
• T h e D e t r o it J a c k s o n & C h ic a g o Is I n c lu d e d In t h e w h o le o f 1 9 0 8 a n d In
t h e l a s t e le v e n m o n th s o f 1 9 0 7 b u t n o t a t a ll In 1 9 0 6 .
I n 1 9 0 8 $ 3 0 0 ,0 0 0 o f
a b o v e s u r p lu s w a s c h a r g e d oir fo r d e p r e c ia t io n a n d $ 5 0 ,0 0 0 fo r c o n t in g e n t
lia b i li t ie s ; In 190 7 $ 2 7 6 ,0 0 0 w a s c h a r g e d o il fo r d e p r e c ia t io n a n d In 1 9 0 6
$ 2 5 0 ,0 0 0 .
D I V I D E N D S . — F ir s t d iv id e n d o f 1 % o n D e t r o it U n it e d s t o c k w a s p a id
M arch 1 1901 a n d 1 % q u a r t e r ly t h e r e a f t e r u n t il A u g . 1 1 9 0 5 , w h e n r a te
w a s r a is e d t o 1 H % q u a r t e r ly . O n N o v . 1 1 0 0 5 1
% . I n 1 9 0 6 5 % . In
1 9 0 7 , F e b ., 1 Y i% \ M a y , 1 )4 % : A u g ,, 1 1 4% . N o v . d iv id e n d p a s s e d .
N o n e s in c e .
R O A D .— O n J a n . 1 1 9 0 9 o p e r a t e d 7 4 2 .7 1 3 m ile s o f t r a c k , a s f o ll o w s 1
D e t r o i t U n it e d , I n c lu d in g W y a n d o t t e & D e t r o it R iv e r R y ., D e t r o it &
N o r t h w e s t e r n , D e t r o it & P o n t i a c . D e t r o it & F lin t , 3 9 9 .2 2 m ile s; D e t r o it &
P o r t H u r o n S h o r e L in e , 1 2 7 .6 4 m ile s: S a n d w ic h W in d s o r & A m h c r s tb u r g
R y . , 3 5 .8 1 m ile s; D e t r o it M o n ro e & T o le d o S h o r t L in e , 7 4 .0 2 m ile s- D e t r o it
J a c k s o n & C h ic a g o R y . , 1 0 5 .1 2 m ile s .
R a lls, 7 7 , 8 5 a n d 9 8 - lb . s t e e l . D o e s
a n e x p r e s s s e r v i c e . H a s 9 0 8 c lo s e d p a s s e n g e r c a r s, 3 2 7 o p e n p a s s e n g e r c a r s
2 3 1 f r e ig h t a n d c o n s t r u c t io n c a r s. 19 lin e c a r s, 4 4 e x p r e s s c a r s, o m is c e l
l a n e o u s c a r s , 2 l o c o m o t iv e s , 2 ,6 3 4 m o to r s a n d 2 ,0 0 5 t r u c k s . T h e r e a r e 11
p o w e r - h o u s e s w it h a c o m b in e d c a p a c it y o f 4 0 ,5 0 0 h . p . , 2 s to r a g e b a t te r ie s
w it h a c o m b in e d c a p a c it y o f 4 ,5 0 0 a m p e r e s a n d 18 s u b - s t a t io n s w it h a
c o m b in e d c a p a c it y o f 1 2 ,8 5 0 k . w .
O F F I C E R S .— P r e s ., J . C . H u t c h in s , D e tr o it; V . - P . ’s , A r th u r P a c k , D e
t r o i t , E . W . M o o r e, C le v e la n d , a n d A . J . F e r g u s o n , M o n tr e a l; T r e a s ., G eo r g e
H . R u s s e l, D e t r o it : S e c ., E d w in H e n d e r s o n , N e w Y o r k ; A s s t . S e c ., A . E .
P e t e r s , D e t r o it .
G e n e r a l o f f ic e s , 12 W o o d w a r d A v e ., D e t r o it . — V . 8 3 .
p . 2 7 1 , 1170; V . 8 4 , p . 5 1 , 2 7 0 , 3 3 8 . 3 8 7 . 4 5 0 . 1052, 1 3 0 7 , 1366; V . 8 5 , p.
3 4 5 , 1 0 0 5 ; V . 8 6 , p . 3 3 7 , 417, 7 9 1 ; V . 8 8 , p . 1 5 8 , 3 7 4 . 448, 5 6 3 .
(1) Detroit & Port Huron Shore Line R y . — A t r o l l e y r o a d .
E n tir e o u t s t a n d in g c a p ita l s to c k Is n o w o w n e d b y t h e D e t r o it U n it e d R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a y 1 9 0 0 .
I s a c o n s o lid a t io n o f
t h e R a p id R a ilw a y C o ., t h e D e t r o it M t. C le m e n s 6b M a r in e C ity R y . ( th e
p u r c h a s e r o f th e p r o p e r tie s o f t h e M t. C le m e n s 6b L a k e s id e T r a c t io n C o . a n d
t h e D e t r o it 6c R iv e r S t . C lair R y . ) . th e P o r t H u r o n S t . C la ir 6c M a r in e C ity
R y . , t h e C o n n o r s C reek 6s C lin to n R iv e r P la n k R o a d C o . a n d t h e C ity
E le c t r ic R y . o f P o r t H u r o n .
T h e n e w c o m p a n y o w n s t h e c a p it a l s t o c k o f
e a c h r o a d . T h e c o n s o lid a t e d c o m p a n y o p e r a te s a ll t h e t r a c k s In M t. C le m
e n s a n d P o r t H u r o n , a n d t h e t h r o u g h r o u te fro m D e t r o it t o P o r t H u r o n
r u n n in g th r o u g h M t. C le m e n s , N e w B a lt im o r e , A l g o n a c M a r in e C ity a n d
S t . C la ir. A ls o o w n s t h e c a p it a l s t o c k o f t h e D e t r o it & L a k e S t . C la ir R y .
ST O C K A N D B O N D S—
D a te.
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M a tu r ity .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ____________
________
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• 1 s t m t g e . $ 2 ,5 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ]
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c a n n o t b e c a lle d , g o ld c * 6 e r ) ( J n lo n T r u s t C o ., D e t r o it , T r u s t e e .
J I n t . a t A m e r lc a u E x c h . N a t . B a n k . N . Y .
B o n d s. — O f t h e n e w 1 s t m o r t g a g e , $ 7 8 3 ,0 0 0 Is s e t a s id e t o r e tir e u n d e r
l y in g l ie n s ( n a m e ly t h e b o n d s o f t h e R a p id R a ilw a y a n d o f t h e C ity E le c tr ic
R y . a n d t h e P o r t H u r o n S t . C la ir 6s M a r in e C it y R y . )
R a p id R a i l w a y .
BO ND S—
D ate.
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1 st
m o rtg a g e ,
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1895 5
M -S
$ 3 0 0 ,0 0 0 M a y 1 1 9 1 5
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$ 6 0 0 ,0 0 0 ( g o l d ) ________ c * / I n t . a t F in a n c e C o . o f P e n n a . , P h l l a . , T r u s t e e
O f t h e c o n s o l, m o r t g a g e b o n d s o f 1 8 9 6 , $ 3 0 0 ,0 0 0 a r e r e s e r v e d t o t a k e u p
t h e o u t s t a n d in g fir st m o r t g a g e b o n d s .
C it y E le c tr ic R a ilw a y (o f P o r t H u r o n ).
BO ND S—
D ate.
In te re st. O u ts ta n d in g .
M a tu r ity .
1st
m o rtg a g e ,
$ 2 0 0 ,0 0 0 ,f 1893
6 g M -S
$ 1 8 0 ,0 0 0 M ar. 1 1 9 1 3
g o ld , $ 1 ,0 0 0 -------------------------( S u b j e c t to c a ll a t 105 a n d I n t, a f t e r M a r .l '03
l i n t , a t H a n o v e r N a t io n a l B a n k , N . Y C ity .
B o n d s. — T h e m o r t g a g e t r u s t e e is t h e U n io n T r u s t C o m p a n y o f D e tr o it
D e tr o it & L a k e S t . C la ir R y . C o .
BO ND S—
D ate
In terest. O u ts ta n d in g .
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1 s t m o r t g a g e , $ 4 0 0 ,0 0 0 g o l d ] 190 0
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$ 3 9 0 ,0 0 0 A p r . 1 19 2 0
( $ 1 ,0 0 0 ) ________________ c * / I n t e r e s t a t U n io n T r u s t C o ., D e t r o it , T r u s t e e
B o n d s . — T h e b o n d s a r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t , b y t h e D e t r o it
& P o r t H u r o n S h o r e L in e R y . , t h e R a p id R a ilw a y C o . a n d t h e D e t r o it M t.
C le m e n s 6c M a r in e C ity R y .
T h e y a r e n o t s u b j e c t to c a ll.
P o r t H u r o n S t . C la ir & M a r in e C it y R a i l w a y .
BO ND S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
1 s t m o r t g a g e , g . , $ 3 0 0 ,0 0 0 1 1 9 0 0
5
M -S
$ 3 ,0 0 0 M a r. 1 1 9 2 0
($ 5 0 0 a n d $ 1 .0 0 0 ) __________/ U n i o n T r u s t C o .. D e t r o it , T r u s t e e .
T h e r e m a in in g $ 2 9 7 ,0 0 0 b o n d s h a v e b e e n c a n c e le d .
R O A D .— T o t a l D e t . 6c P o r t H u r o n S y s t e m , 1 2 7 .6 4 m ile s .
E A R N I N G S . — N o w I n c lu d e d In r e p o r t o f D e t r o it U n it e d R y . — V . 7 7 , p .
1 3 4 ;V . 84, p. 338.
(2) S a n d w ic h W in d s o r & A m h e r s tb e r g R y . — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d e r s p e c ia l c h a r te r fr o m P r o v ln c o
o f O n ta r io .
O w n s e n t ir e c a p it a l s t o c k a n d $ 1 7 2 ,0 0 0 o f $ 1 8 9 ,0 0 0 b o n d s o u t
s t a n d in g o f t h e W in d s o r 6c T e c u m s e h E le c tr ic R y .
E n t i r e c a p it a l s to c k
Is o w n e d b y t h e D e t r o it U n it e d .
S T O C K A N D B O N D S — D a te.
In te re st. O u tsta n d in g . M a tu r ity . D lv ’d
S t o c k , $ 3 5 0 ,0 0 0 ( $ 1 0 0 ) ........................................ ..
$ 2 9 7 ,0 0 0 J u ly 31 1 9 0 2 , 2
%
C o n so l M tg e .. $ 6 0 0 ,0 0 0 ] 1 9 0 2
4 t$ g J -D
4 9 0 ,0 0 0
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g o ld
( $ 1 ,0 0 0 ) ---------c * / N a t l o n a l T r u s t C o ., L t d . , T o r o n t o , T r u s t e e .
B o n d s . — I n t e r e s t Is p a y a b le a t t h e c o m p a n y ’s o f f ic e . A r c s u b j e c t to c a ll
a f t e r D e c . 1 191 2 a t 1 0 5 .
E A R N IN G S.— Now Included In report o f D etroit U nited R y.
R O A D .— O p e r a te s 3 5 .8 1 m ile s o f t r a c k In a n d b e t w e e n W in d s o r , W a lk e r v l ll e . S a n d w ic h a n d A m h e r s th u r g . I n c lu d in g C it y R y . o f W in d s o r (2 .5 2
m il e s , o p e r a te d u n d e r l e a s e . — V . 7 5 . p. 1 3 0 3 , 1 4 0 0 .
(3) D e t r o it M o n r o e & T o le d o S h o r t L in e R y . —
I n F e b . . '0 6 e n t ir e s t o c k w a s a c q u ir e d b y D e t . U n it . R y . V . 8 2 , p . 3 9 2 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n o n D e c e m b e r 11 1 9 0 2 .
STO C K S A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity S t o c k , $ 3 ,0 0 0 ,0 0 0 ...................................................................... $ 2 ,4 3 4 ,0 0 0
.................... ..
1st
m o rtg a g e .
$ 3 ,0 0 0 ,0 0 0 .1 1 9 0 3
5 g J -J
2 .4 3 4 ,0 0 0 J a n . 1 1 9 3 3
g o ld
( $ 1 ,0 0 0 ) -----------------c * /
U n io n T r u s t C o ., D e t r o it , T r u s t e e .
B o n d s . — I n t e r e s t Is p a y a b le In N e w Y o r k .
N o s in k in g fu n d a n d b o n d s
a r e n o t s u b j e c t t o c a ll .
R O A D .— O p e r a te s 5 0 m ile s o f ro a d fro m T o le d o t o D e t r o it a n d 4 m ile s o f
r o a d fro m M o n r o e t o L a k e E rie; c o m p le t e d N o v . 5 1 9 0 4 .
A t T o le d o c o n
n e c t io n Is m a d e w it h t h e L a k e S h o r e E le c tr ic R y . fo r C le v e la n d .
Is o f
s t e a m ro a d c o n s t r u c t io n , o n p r iv a te r ig h t o f w a y ; s ta n d a r d g a u g e , la id w it h
7 0 - lb . T r a ils . T o t a l t r a c k , 7 4 .9 2 m il e s .— V . 7 9 , p . 2 4 5 5 ; V . 8 2 . p . 3 9 2 .
(4) D e tr o it J a c k s o n & C h ic a g o R y . —
O R G A N I Z A T I O N .— A h o ld in g c o m p a n y o r g a n iz e d In M ic h ig a n fn 1 9 0 7
b y D e t r o it U n it e d I n t e r e s t s to t a k e o v e r t h e D e t r o it Y p s lla n t l A n n A r b o r ft
J a c k s o n R y . , t h e J a c k s m A n n A m r 6s O. i it R y . a n d t h e D e t r o it P l y
m o u th & N o r t h v l ll e R y . , p a y in g th e r e fo r $ 1 ,2 3 0 ,0 0 0 .
STO C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k . $ 2 5 ,0 0 0 ( $ 1 0 0 ) ________________
.
$ 2 5 ,0 0 0
1 s t c o n s M , $ 4 , 0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) /1 9 0 7
5 g F A
1 ,3 9 5 ,0 0 0 F e b 1 1 937
g o l d ................................................. c * l I n t . a t S e c u r it y T r u s t C o ., D e t r o it , T r u s t e e .
B O N D S .— B o n d s a r e s u b j e c t to c a ll o n a n y I n te r e s t d a y a t 10 3 a n d In
t e r e s t . G u a r a n te e d . p .6 s L , b y t h e D e tr o it U n ite d R y s .; $ 3 ,4 0 5 ,0 0 0 w re t o
b e u s e d t o p a y fo r s t o c k a n d to r e tir e b o n d e d a n d o t h e r d e b t s o f t h e D o t .
Y p s . A n n A r . & J a c k . R y . , a n d t h e r e st for I m p r o v e m e n t s .— V . 8 5 , p . 3 4 5 .
(a) D e tr o it Y p s ila n ti A n n A rb o r & J a c k s o n R y . —
O R G A N I Z A T I O N .— O r g a n iz e d In M ic h ig a n In 1 9 0 1 ; a b s o r b e d b y p u r
c h a s e t h e D e t r o it Y p s ila n t i 6c A n n A r b o r R y . a n d t h e Y p s lla n tl fa S a lin e
E le c tr ic R y .
F r a n c o is e s w h ic h a r e n o t p p u a l e x p ir e In 192 7
STO C K A N D B O N D S —
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k , c o m . ( $ 2 , 6 0 0 , 0 0 0 ) ...................................................... $ 2 ,6 0 0 ,0 0 0 .............................
1 s t c o n s o l. M ., $ 2 ,6 0 0 ,0 0 0 1
1901
5g F A
1 ,6 1 0 ,0 0 0 F e o . 1 1 9 3 6
$ 5 0 0 ( $ 1 ,0 0 0 ) , g o ld . . . c * ] l n t . a t D e t r o it T r u s t C o ., D e t r o it , T r u s t e e .
D e t . Y p . & A n n A r . 1 s t M .l
1897
6
g
M N 6 0 0 ,0 0 0 N o v .
1
( $ 6 0 0 ,0 0 0 ) ,
g.
$ 5 0 0 o r ) I n te r e s t a t U n io n T r u s t C o ., D e t r o it . T r u s t e e
$ 1 ,0 0 0 e a c h ) .........................
D e t . Y p . & A n n A r . C on s
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1899
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F -A
•$ 3 3 0 ,0 0 0 F e b .
1 s t M ., $ 1 ,0 0 0 ,0 0 0 . g o ld
($500
6c $ 1 ,0 0 0
e a c h ) . I n t e r e s t a t U n io n T r u s t C o , D e t r o it . T r u s t e e
s . f .. a n n u a l l y _____________
Y p . & S a lin e 1 st M .....................................
0
J -J
6 0 ,0 0 0
J u ly 1 1 9 1 9
O f t h e n e w 1 s t m o r t g a g e o f $ 2 ,6 0 0 ,0 0 0 , $ 9 9 0 ,0 0 0 a r e r e se r v e d fo r u n d e r
l y in g H en s.
F ir s t c o n s o ls c a n n o t b e c a lle d
Sec V . 75. p. 660.
R O A D .— C o m p le te d a n d In o p e r a tio n fro m D e t r o it (th r o u g h W a y n e
a n d Y p s lla n tl) t o A n n A r b o r a n d to J a c k s o n ; m a k in g m ile a g e 100 m ile s , o f
w h ic h 4 0 m ile s o v e r p r iv a t e r ig h t o f w a y .
T otal t r a c k , 1 0 4 .8 0 m ile s R a lls 7 0 a n d 7 5 - lb . T a n d g ir d e r .
D i e s a fr e ig h t b u s in e s s .— V . 7 9 , p . 2 6 9 :
V . 8 1 , p . 1723; V . 8 4 , p . 5 1 , 450.
DO YLESTO W N, P A .
PHILADELPHIA & EASTON ELECTRIC RY. CO.— A trolley road.
ORGANIZATION.— Organized In 1907 as successor to the Philadelphia
6s Easton R y. (formerly the Doylestown 6s Easton Street R y .), sold at
trustee’s sale May 31 1907.
STOCK AN D BONDS —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
C o m m o n $ 2 6 5 ,0 0 0 ( $ 5 0 )
. . . ____
__ ____
$ 2 3 8 ,8 0 0 ......... ................
P r e f $ 3 6 5 ,0 0 0 5 % n o n - c u m ...........................................
3 5 4 ,8 0 0 .........................
1 st m t g e $ 1 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 \ 1 9 0 7
4 5 g M S
9 1 1 ,0 0 0 S e p t 1 1 927
$ 5 0 0 a n d $ 1 0 0 ) g o l d -------c * l I n t e r e s t a t G ira rd T r u s t C o ., P h l la . , T r u s t e e .
S T O C K .— P r e fe r r e d s h a r e s h a v e n o v >tlng p >wcr.
V o t i n g T r u s t e e s . — W illia m P e a r s o n , H a rr isb u r g : J o h n B . M v e r s, L a n
c a s te r ; L . B . H illa r d , W ilk e s -B a r r e ; F r a n k lin M a tt h e w s , P h ila d e lp h ia :
G o d fr e y S h m ld h c ls e r , P h ila d e lp h ia .
B o n d s . — T h e n e w $ 1 ,0 0 0 ,0 0 0 b m d s a r e n >t s u b j e c t to c a ll a n d n o s in k in g
fu n d .
I n t e r e s t Is 4% t o S e p t . 1 1911 a n d 5 % th e r e a fte r ; $ 1 6 5 ,0 0 0 r e c e iv e
no I n te r e s t u n t il 1 9 1 0 .
E A R N I N G S .— F o r y e a r e n d in g D e \ 31 U lo « . g r o s s , $ 9 9 ,3 3 8 .
R O A D .— O p e r a te s 31 m ile s o f ro a d b e t w e e n D o y le s t o w n a n d E a s t o n ,
c o m p le t e d In s u m m e r o f 1 9 0 4 .
O p e r a te s 8 c a r s.
O F F I C E R S .— P r e s ., D a v id P . A y a r s . Wil t ;s- lia rre; V . - P . . A . H . S lc k lc r ,
P h lla .; T r e a s . 6k G en . M g r ., J . C . L u g a r , D o y le s to w n ; S e c ., W . S . C h a m b e r s ,
D o y le s t o w n .— V . 8 5 , p . 4 7 0 .
D U B O IS , P A .
D U B O IS E L E C T R IC & T R A C T IO N C O .— A t r o l l e y r o a d a n d e le c t r ic
l ig h t in g p la n t
O R G A N I Z A T I O N .— In c o r p o r a te d In N e w J e r s e y o n N o v . 1 5 10 0 1 a s
t h e A m e r ic a n T o w n L ig h t C o . a n d n a m e c h a n g e d la te r a s a b o v e .
Is a
c o n s o lid a t io n o f t h e D u B o ls E le c tr ic C o a n d t h e D u B o ls T r a c t io n C o . V .
76, p. 072.
C o n tr o ls U n it e d T r a c t io n S t r e e t R y . (w h ic h Is a c o n s o lid a t io n
In 1 9 0 8 o f t h e U n it e d T r a c . S t . R y . a n d U n it e d T r a c . E x t e n s io n S t . R R .)
w i t h $ 2 0 0 ,0 0 0 o f 5% b o n d s a n d $ 2 0 0 ,0 0 0 s t o c k , w h ic h o p e r a te s a H ue 14
m ile s fr o m D u B o ls t o S y k c s v i ll e a n d B ig R u n .
F r a n c h is e s fo r b o t h s t r e e t
r a ilw a y a n d e le c t r ic l ig h t in g a r e p e r p e tu a l a n d e x c lu s i v e .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
s t o c k , $ 3 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................... .......... $ 3 0 0 ,0 0 0
..................... ’
C o ll.
tr .
m tg e ,
$ 3 0 0 ,0 0 0 ] 100 2
5 g M -N
2 9 7 ,0 0 0
M ay 1 1932
( $ 5 0 0 ), g o l d - ...................... c * / I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . T r u s t .
B o n d s . — N o s . f . , b u t s u b j e c t to c a ll a t a n y t im e a t 1 0 5 a n d I n t.
E A R N I N G S .— F o r y e a r e n d in g N o v . 1 1 9 0 8 , g r o s s , $ 6 8 ,5 8 4 ; n e t , $ 3 4 ,9 0 2 ;
fix e d c h a r g e s , $ 1 7 ,0 0 0 : s u r p lu s , $ 1 7 ,9 0 2 .
R O A D .— O p e r a te s 19 m ile s (In c lu d in g U n it e d T r a c . S t . R y .) In D u B o l s ,
a n d e x te n s i o n s t o F a ll C r e e k , S y k e s v llle a n d to B ig R u n , w h e r e c o n n e c t io n
Is m a d e w it h t r a c k s o f t h e J c tle r s o n T r a c t io n C o ., c o n t r o lle d b y t h o s a m e
I n t e r e s t s . S t a n d a r d g a u g e ; 6 0 a n d 7 0 -lb . g ir d e r a n d T r a il.
O F F I C E R S .— P r e s ., A u s t in B la k e s le c ; V. P . , J . E . M errls; S e c ., J . II.
C r lssm a n ; T r e a s ., B . B . M c C r e lg h t. a 'l o f D u B o ls .— V . 8 1 . p , 1 5 5 0 , 1701
D U B U Q U E , IO W A .
UNION ELECTRIC CO. IN IOWA.—Trolley.
O R G A N I Z A T I O N .— In c o r p o r a te d In I o w a In 190 0 a s a c o n s o lid a t io n o f
thu H o m e E le c tr ic C o ., t h e D u b u q u e S tr e e t R y . a n d t h e S ta r E le c tr ic C o .,
w h ic h c o n s t it u t e t h e e n tir e e le c tr ic lig h t a n d s tr e e t r a ilw a y p r o p e r tie s o f th o
c it y o f D u b u q u e . I o w a .
In A p ril 1901 M essrs. L ln c h a n & M olo s o ld t h e ir
h a lf I n te r e s t la t h e c o m p a n y to th o o th e r s to c k h o ld e r s , t h e G en er a l E le c t r ic
C o. a m o n g t h e m , w h ic h J u n e 1 1901 o w n e d $ 2 1 0 ,0 0 0 o f t h e c o m m o n a n d
$ 2 4 0 ,0 0 0 o f t h e p r e fe r r e d .
In J u n e 1 0 0 7 a u t h o r iz e d s t o c k w a s I n c r ea se d
fr o m $ 1 ,0 0 0 ,0 0 0 t> $ 1 ,5 0 0 ,0 0 0 . F ra n ch ise s m a tu r e 1 0 2 7 .
ST O C K A N D B O N D S —
D ate.
In terest. O u tsta n d in g .
M a tu r it y .
C o m m o n . $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) ...................................................
$ 6 3 5 ,0 0 0 .........................
P r e f., $ 7 5 0 ,0 9 9 ($ 1 0 0 ) 6 /3 c u m ____
0%
72 7 ,0 0 0 J u n e ’0 0 ,
1st m t g e ., $ 0 8 0 ,0 0 0 , g o l d .] 1904
5 g M -N
6 3 5 0 0 0 M a y 1 1921
( $ 1 ,0 0 0 ) ........... .....................c*J I n t . a t 111. T r. 6; S a v . B k ., C h ic a g o , T r u s t e e .
R e m a in in g $ 3 3 0 ,0 0 0 b o n d s r e se r v e d for 8 0 ’o o f c o s t o f e x t e n s io n s a n d
/
im p r o v e m e n ts ; h u t o n ly In e v e n t o f I n c r ea se o f s t o c k , a n d th e n t o o n ly t w o t h ir d s o f su c h In c r e a se , b u t la n o c a s e t o b e m a d e e a r lie r t h a n t w o y e a r s
fro m d a t e o f b o n d s
B o n d s s u b j e c t t o c a ll a fte r fiv e y e a r s a t 105 a n d I n t.
S in k in g fu n d o t $ 1 5 ,0 0 0 p . a b e g in s A p r. 3 0 1 9 0 8 . $ 1 5 ,0 0 0 h a v e b e o n r e tir e d
D iv id e n d s . — F ir s t d i v id e n d o n p r e f., > % . J u n e 1 1 9 0 7 , a n d M % h a s
4
b e e n p a id m o n t h ly up t - a n d in c lu d in g J u n e 19 9 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 3 2 3 ,3 1 9 ; n e t a f te r t a x e s ,
$ 1 1 7 ,3 5 1 ; I n te r e s t a n d s in k in g fu n d , $ 1 7 ,1 5 5 ; d l v s ., $ 3 2 ,7 1 4 ; s u r p lu s ,
$ 3 7 ,4 8 2 .
I n 1 9 0 7 , g r o s s , $ 2 9 4 ,9 2 2 ; n e t a f te r t a x e s , $ 1 0 5 ,9 4 6 .
R O A D .— O w n s a n d o p e r a te s a b o u t 17
m ile s o f traeic o u 1 4 )$ m ile s o f
s tr e e t In D u b u q u e , W e s t D u b u q u e a n d t o U n io n a n d N u tw o o d p a r k s , a n d
h a s c o n t r a c t w it h th e c i t y fo r s u p p ly in g e le c t r ic l ig h t s .
O F F I C E R S .— P r e s ., F . D . S t o u t , C h ic a g o ; V . - P . , D . D . M y ers; S e c . a n d
T r e a s . J . R . L in d s a y ; , R a ilw a y E x c h a n g e . C h ic a g o ; G en . M a n ., L . D .
M a tiles. — V . 7 1 . p . 2 6 1 3 : V . 8 4 . p . 1 553; V . 8 6 . p . 9 8 3 .
D U L U T H , M IN N .
D U L U T H - S U P E R I O R T R A C T I O N .— T r o lle y
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c t ic u t In 1 9 0 0 .
OwnB e n t ir e
s to c k o f t h e D u lu th S t r e e t R y . . th o L a k e s id e S t r e e t R y . a n d th o S u p e r
io r R a p id T r a n s it . T h e c o r p o r a te e x is t e n c e o f t h e D u lu th S t r e e t R y .
Is m a in t a in e d , b u t a ll o f Its s to c k ($1 5 0 0 0 0 0 a u t h o r iz e d . $ 3 0 0 0 0 0 o u t
s ta n d in g ) Is h e ld b y t h o D u lu th -S u p e r io r T r a c t io n .
T h is la t t e r c o m p a n y
h a s n o b o n d e d d e b t . T h e D u lu t h S t r e e t R y . w a s o r g a n iz e d u n d e r A c t
o f M in n e so ta a p p r o v e d N o v . 17 1 8 8 1 . a n d p o s s e ss e s ” a n o x c lu s lv o fr a n c h is e "
w h ic h ru n s u n til 1 9 3 1 . S e e d e c is io n w ith reg a rd to fr a n c h is e s In S u p e r io r
In V 8 0 , p . 1 0 1 1 . T h e D u lu th -S u p e r io r B r id g e a t W e s t S u p e r io r Is u s e d b y
th e r a ilw a y b u t Is a s e p a r a te c o r p o r a tio n , a n d h a s Is su e d fir s t m o r t g a g e
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b o n d s fo r $ 0 5 0 ,0 0 0 a n d s e c o n d m o r t g a g e b o n d s fo r $ 3 0 0 ,0 0 0 — s e e b rk lg®
I te m s .
V . 63 , p. 31 0 , 504
In 1 9 0 3 e n t e r e d I n to c o n t r a c t w it h t h e G r c a 1
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N o r t h e r n P o w e r C o . t o s u p p ly s u f f ic ie n t p o w e r t o o p e r a te t h e s t r e e t r a il'
w a y s In b o t h c it i e s .
P o w e r w a s b e in g d e liv e r e d In 1 9 0 8 .
F o r s a le o f s t o c k
o f t h e l a t e T h o m a s L o w r y a n d a c c e s s io n o f n e w I n t e r e s t s , s e e V . 8 9 , p . 2 8 5 .
STO C K A N D B O N D S —
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 3 ,5 0 0 ,0 0 0 O c t . ’0 9 ,1 %
P r e f 4 % c u m . $ 1 ,5 0 0 ,0 0 0 _________
Q -J
1 ,5 0 0 ,0 0 0 O c t ’0 9 , 1 %
D u lu t h S t . R y . M .. $ 2 .5 0 0 ,0 0 0 1 1 9 0 0
5 g M&N
2 ,5 0 0 ,0 0 0 M a y 1 1 9 3 0
g o ld ($1 0 0 0 ) ____________ c * ] l n t . a t C e n t. T r u s t C o ., N Y . . T r u s t e e .
B o n d s . — T h e m o r t g a g e c o v e r s a ll t h e m ile a g e o f t h e D u lu t h S t r e e t R y . ,
t h e p r o p e r ty o f t h e L a k e s id e S t r e e t R a ilw a y a n d o f t h e S u p e r io r R a p .
T r a n s it h a v in g fir s t b e e n c o n v e y e d t o t h e D u lu t h S t . R y .
D iv id e n d s . — O n t h e p r e fe r r e d s t o c k 4 % p e r a n n u m Is b e in g p a id . O n
c o m .. 1 s t d l v . — 1 % — O c t. 1 9 0 9 .
H O A D .— T h e s y s te m e m b r a c e s 7 5 .9 3 m ile s o f t r a c k a n d In c lu d e s a ll th e
lin e s In D u lu th a n d S u p e r io r .
R E P O R T .— O f t h e D u lu t h S t r e e t R y . f o r c a le n d a r y e a r 1 9 0 8 , g r o s s,
$ 8 9 0 ,2 9 6 : n e t , $ 3 4 0 ,8 5 8 : I n te r e s t a n d t a x e s , I n c lu d in g $ 8 8 ,3 0 8 fo r d e p r e c ia
t io n , $ 3 0 7 ,5 0 9 : s u r p lu s , $ 3 3 ,3 4 9 ; In 1 9 0 7 , g r o s s , $ 8 4 6 ,0 8 4 ; n e t , $ 4 0 7 ,3 1 7 ;
I n te r e s t a n d t a x e s , In c lu d in g $ 8 4 ,0 5 3 fo r d e p r e c ia t io n , $ 3 0 1 ,7 3 5 ; s u r p lu s ,
5 O f f i c e r s .— P r e s ., C . G . G o o d r ic h ; V . - P . , L . M e n d e n h a ll; G e n . M g r .,
H e r b e r t W a r r e n .— V . 7 2 , p . 1 8 3 , 6 2 7 ; V . 8 0 , p . 1 9 1 1 ; V . 8 9 , p . 2 8 5 , 6 6 6 .
DUNKIRK, N. Y.
DUNKIRK STREET RAILWAY.
O rg a n iz e d A p ril 11 1 9 0 6 , b y t h e s y n d ic a t e w h tc h p r o p o s e s t o c o n n e c t
1) flal • a n d E r ie .
H a s s e c u r e d a f r a n c h is e In D u n k ir k a n d h a s b u ilt a b o u t
5 m ile s o f t r a c k . S t o c k , $ 7 5 0 ,0 0 0 , a ll o u t s t a n d in g .
P r e s . L . B . G ra n t;
V . - P ., P . C . S c h u t r u m ; S e c ., C h a s . H . W e r ner; T r e a s ., M . J D o d g e .
EAST LIVERPOOL, OHIO.
EAST LIVERPOOL TRACTION & LIGHT.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n S e p t . 3 0 1 9 0 5 a n d Is a c o n
s o lid a t io n o f t h e U n it e d P o w e r C o ., t h e E a s t L iv e r p o o l R y . , t h e C e r a m ic
C ity L ig h t C o ., t h e W e lls v llle E le c tr ic L ig h t C o ., t h e G la s g o w R R ., th e
E a s te r n O h io R R ., t h e I s la n d R u n C o a l C o ., t h e E a s t L iv e r p o o l & R o c k
S p r in g s S t r e e t R y ., t h e E a s t L iv e r p o o l B r id g e C o ., t h e C h e s te r L ig h t &
P o w e r C o . a n d t h e P e o p le ’s L ig h t & P o w e r C o . S e e V . 8 1 . p . 1 7 9 1 .
STO C K A N D B O N D S —
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
C o m m o n , $ 2 ,5 0 0 0 0 0 ( $ 1 0 0 ) .............. .................................. $ 2 ,5 0 0 ,0 0 0 .............................
P r e f .. 5 % n . c .. $ 5 0 0 ,0 0 0 ($ 1 0 0 )
...................... ..........
5 0 0 .0 0 0 .........................
1 st m o r t . $ 3 ,0 0 0 ,0 0 0 . g o ld ! 1 9 0 5
5 g M -N
2 ,9 6 0 ,0 0 0 N o v 1 1925
($1 00 0 )
............- . c / I n t . a t U n io n T r u s t C o .. P I t t s b . , T r u s t e e .
B o n d s . — O f t h e $ 3 ,0 0 0 ,0 0 0 a u t h o r iz e d . $ 4 0 ,0 0 0 a r e r e s e r v e d fo r e x t e n
s io n s , I m p r o v e m e n t s a n d a c q u is it io n s . A r e s u b j e c t t o c a ll o n a n y I n te r e s t
^ ^ . A R N I N G S . — F o r 12 m o n t h s e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 1 8 2 ,5 5 8 ;
nCR O A D .— C o m p r ise s 15 m ile s o f t r a c k b e t w e e n E a s t L iv e r p o o l a n d W e lls
v l ll e .
S t a n d a r d g a u g e , 7 3 - lb . g ir d e r a n d T r a il. A n e x t e n s io n o f a b o u t
8 l m ile s o f d o u b le tr a c k w a s c o m p le t e d t o T o r o n t o F e b . 1 9 0 8 . w h e r e c o n
A
n e c tio n Is m a d e w it h t h e S t e u b e n v ille & E a s t L iv e r p o o l R y . & L t . C o.
O F F I C E R S .— P r e s .. V a n H o r n E l y , o f B u ffa lo ; V . - P . , C . A . S m it h , E a s t
L iv e r p o o l; S e c . a n d T r e a s ., E d w a r d M c D o n n e ll, E a s t L iv e r p o o l.— V . 8 1 ,
p . 1791; V . 8 2 , p . 804.
STEUBENVILLE & EAST LIVERPOOL RAILWAY & LIGHT CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io A p r il 1 9 0 6 a s s u c c e s s o r to
t h e S t e u b e n v ille T r a c t io n & L ig h t C o ., w h ic h In J a n . 1901 h a d t a k e n o v e r
t h e S t e u b e n v ille G a s & E le c tr ic C o . a n d t h e S t e u b e n v ille T r a c tio n C o.
O w n s t h e P le a s a n t H e ig h t s lin e .
L ig h t f r a n c h is e s p e r p e tu a l; s tr e e t r a il
w a y fr a n c h is e s e x p ir e 1 9 2 5 t o 1 9 2 8 .
B o n d s lis t e d o n t h e P h ila d e lp h ia
^S T O C K ^A N IJ BO ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
o«-nr,ir «** o o o 0 0 0
____ ______
____ _
$ 3 ,0 0 0 ,0 0 0 - --------- - l - F ir s t m o r t g a g e , $ 3 , 0 0 0 ,6 6 6 f 1 9 0 7
5 J -J
1 ,8 6 0 ,0 0 0
1912
($1 0 0 0 ) , g o l d _____ ______ c l l n t . a t C o m m e r c ia l T r u s t C o ., P h i l. , T r u s t e e .
5 g M -N
7 9 0 ,0 0 0 M a y 1 1926
S t e u b e n T r a c t & L t 1 s t m t g e .) ------$1 0 0 0 .0 0 0 ( $ 1 ,0 0 0 ) , g_ . c * \ I n t a t M e tr o p o lit a n T r u s t C o ., N . Y . , T r u s .
B o n d s — O f t h e n e w $ 3 ,0 0 0 ,0 0 0 b o n d s , $ 7 9 0 ,0 0 0 a r e r e se r v e d t o re tir e
p r io r lie n s a n d $ 3 5 0 ,0 0 0 are In t h e t r e a s u r y o f t h e c o m p a n y . C a n n o t be
CalR O A D .— 19 m ile s o f t r a c k In S t e u b e n v ille a n d b e t w e e n S t e u b e n v ille a n d
T o r o n to ; la id w i t h 6 0 - lb . r a ils ; 13 c lo s e d a n d 1 6 o p e n c a r s . A ls o e le c t r ic lig h t a n d g a s p la n t s , a n d p le a su r e p a r k o f 8 5 a c r e s .
Is b u ild in g a 4 0 -m lle
e x t e n s io n fr o m T o r o n t o n o r th v i a W e lls v llle a n d E a s t L iv e r p o o l t o V a n
P o r t, P a
O F F I C E R S .— P r e s ., V a n H o r n E ly ; S e c . a n d T r e a s ., E d . M c D o n n e ll
EASTON, PA.
EASTON CONSOLIDATED ELECTRIC.
, . .
„,
O n M a v 1 1 9 0 4 le a s e t o L e h ig h V a lle y T r a c t io n w a s c a n c e le d b y r e n ta ls
hplrnr In d e f a u lt .
See V . 7 8 , p . 1446, 1781.
I n J u n e 1 9 0 4 a fu r th e r I n s ta ll
m e n t o f $5 p e r s h a r e w a s c a lle d o n s t o c k . V . 7 8 p . 2 0 1 1 , 2 4 4 2 .
D iv id e n d
p a y m e n t s h a v e b e e n : J u ly 1 9 0 0 . 3 H % o n $ 1 0 p a id In; S e p t . 19 0 1 a n d
M a r c h a n d S e p t . 1 9 0 2 , 3 % o n $ 1 5 p a id In; M a r ch 1 9 0 3 (p a id In J u ly ) a n d
S e n t 1 9 0 3 . 4'% o n $ 1 5 p a id In.
.
. . . .
In' D e c 190 5 d e c la r e d a d iv id e n d o f $2 5 0 , a n d a t s a m e t im e c a lle d a n
a s s e s s m e n t o f $5 p e r s h a r e o n t h e s to c k ; t h e d iv id e n d w a s c r e d it e d o n t h e
a s s e s s m e n t , m a k in g t h e s to c k 5 0 % p a id In. V 8 1 , p . 1 7 9 1 . C a sh d i v i
d e n d s r e s u m e d In O c t . 1 9 0 6 b y t h e p a y m e n t o f 2
%, V . 8 3 . p . 687.
2 >,
a g a in p a id A p ril 1 1907 a n d 2
O c t. 1 1 9 07: n o n e s in c e
O R G A N I Z A T I O N .— C o n s o lid a tio n b y s t o c k o w n e r s h ip o f t h e E a s t o n
T r a n s it C o ., t h e E d is o n I llu m in a t in g C o . o f E a s t o n t h e E a s t o n P a lm e r &
B e t h le h e m S t r e e t R y . C o ., t h e E a s t o n & B e t h le h e m T r a n s it G o ., N o r t h a m p
t o n C e n tr a l S t r e e t R y . C o . a n d t h e E a s t o n & S o u t h B e t h le h e m I r a n s it C o.
I n c o r p o r a te d In N e w J e r s e y M a rch 11 1 8 9 9 .
,
, . .
.
G u a r a n te e s E a s t o n & S o u t h B e t h le h e m T r a n s it C o .’s b o n d s , p r in c ip a l a n d
in te r e s t, b y e n d o r se m e n t.
V . 8 3 , p . 3 2 3 . O w n s a ll t h e s t o c k o f t h e P e n n .
^ ‘c o n s o l i d a t i o n o f S u b s i d i a r i e s . — O n J a n . 3 1 9 0 8 t h e (o ld ) E a s t o n T r a n s it
C o t h e E a s t o n & B e t h le h e m T r a n s it C o ., t h e E a s t o n P a lm e r & B e th le h e m
S t r e e t R v . a n d t h e N o r t h a m p t o n C e n tr a l S t r e e t R y . w e r e m e r g e d in to th e
(n e w ) E a s t o n T r a n s it C o . (V . 8 5 . p . 1 4 6 1 ) , a n d In 1 9 0 9 t h e E a s t o n & S o u t h
B e t h le h e m T r a n s . C o . w a s a ls o m e r g e d In to t h e (n e w ) E a s t o n T r a n s it C o.
S t o c k , $ 2 ,1 5 0 ,0 0 0 : a ll o w n e d b y E a s t o n C o n s o lid a te d E le c .
S T O C K A N D B O N D S .— B o t h t h e s to c k a n d t h e c o lla t e r a l t r u s t 5 s w e r e
In J a n . 1 9 0 0 lis t e d o n t h e P h ila d e lp h ia S t o c k E x c h a n g e .
D a te.
Interest.
O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,5 0 0 ,0 0 0 (p a r $ 5 0 ) .................................................... 5 0 % p d . l n O c t ’0 7 , 2 H
C o lla te r a l t r u s t $ 1 ,3 0 0 ,0 0 0 g f 1 8 9 9
5 g M -N
1 ,2 4 0 ,0 0 0 M a y 1 1 0 4 9
($1 0 0 0 a n d $ 5 0 0 ) .............. c + l l n t e r e s t a t G ira rd T r u s t C o ., P h l la ., T r u s te e .
P e n n s y l v a n ia M o to r C o 1 s t M l 189 1
6 A -O
6 0 ,0 0 0 A p ril 1 10 1
( c a n n o t b e c a ll e d ) _________ l L a c k . T r . & S a fe D e p . C o ., S c r a n t o n , T r u s t.
E a s P a l & B e t h E le c 1 s t g o ld ] 1 8 9 8
5 J -J
2 0 0 ,0 0 0 J a n . 1 19 1 9
$ 2 0 0 ,0 0 0 , c a n n o t b e c a lle d ) I n t . a t U . S . M tg e . & T r u s t C o ., N . Y . . T r u s t.
E a s & S o B e t h 1 s t M $ 5 0 0 ,0 0 0 ] 1 9 0 6
5 g J -J
4 6 6 ,0 0 0 J u ly 1 1 0 3 6
g u a r a n t e e d g o ld ( $ 1 ,0 0 0 )c » l G ira rd T r u s t C o ., P h ila d e lp h ia , T r u s t e e .
B o n d s . — T h e c o lla t e r a l b o n d s h a v e n o s in k in g fu n d a n d are n o t s u b j e c t to
c a ll. O f t h e t o t a l o f $ 1 ,3 0 0 ,0 0 0 , $ 6 0 ,0 0 0 Is r e s e r v e d t o r e tir e t h e P e n n s y l
v a n ia M o to r b o n d s .
I s s u e Is s e c u r e d b y a p le d g e o f $ 2 ,1 5 0 ,0 0 0 s t o c k (th e
e n t ir e Issu e) o f t h e (n e w ) E a s t o n T r a n s it C o ., 1 2 ,3 1 7 s h a r e s ( o u t o f 1 2 ,3 2 2
s h a r e s) o f E d is o n I llu m in a t in g s t o c k , a n d 2 ,4 0 0 s h a r e s ( th e e n t ir e Issu e)
o f P e n n s y lv a n ia M otor s t o c k .
I n t e r e s t o n E a s t o n & S o B e t h , b o n d s Is
p a y a b le a t o f fic e o f E d w . B . S m it h & C o ., P h l la ., o r a t c o . s o f fic e . T h e y
a r e g u a r ., p r in . & I n t ., b y e n d o r s e m e n t b y t h e E a s t o n C o n so l. E le c .
A
s in k in g f u n d o f $ 5 ,0 0 0 p e r a n n u m c o m m e n c e d J u n e 1 1 9 0 8 . B o n d s a r e
s u b j e c t t o c a ll a f te r J u l y 1 19 1 1 a t 1 0 5 a n d I n te r e s t.
V . 83, p . 323.
R E P O R T .— F o r c a le n d a r y e a r s:
C a l.
Gross earn. N e t i n c . N et in c . T otal
O per.
year. E . T r a n . E .T r . C o .E d .lll.C o . E .C o n .E t. E x p .
In t. &
T axes.
B a l. for
n iv .
O F F I C E R S .— P r e s ., J o s . S . L o v e r in g , F r a n k lin B a n k B ld g ., P h lla .; 1 s t
V . - P ., S . H . H a c k e t t ; 2 d V . - P ., 11. R . F e h r ; S e c . a n d T r e a s ., E . B . M a itb y ;
a ll o f E a s t o n P a .— V . 8 4 , p . 4 5 0 ,6 9 3 ,1 3 0 7 ; V . 8 5 , p . 2 8 3 , 4 6 4 . 1 4 6 1 , 1 5 1 8 ,
V . 8 6 , p . 602; V . 8 7 , p . 226; V . 8 8 , p . 6 8 5 .
NORTHAMPTON TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d o n O c t . 13 1 9 0 2 , a n d Is a c o n s o lid a
t io n o n J a n . 1 1 9 0 3 o f t h e E a s t o n & N a z a r e t h S t r e e t R y . a n d t h e E a s t o n
T a t a m y & B a n g o r S t r e e t R y . F ra n c h ise p e r p e tu a l.
S T O C K A N D B O N D S — D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ( 1 0 0 ) ...............................................................
$ 5 0 0 ,0 0 0 ..........................
F ir s t m o r t g a g e , $ 4 0 0 ,0 0 0 g . f 1 9 0 3
5 g J -J
3 0 4 ,0 0 0 J a n . 1 1 9 3 3
c * ________________________ ( I n t . a t N o r t h a m p t o n T r . C o . ( E a s t o n ) , T r u s .
S e c o n d m o r t g a g e , $ 1 0 0 ,0 0 0 ____
___________
See tex t.
B o n d s . — T h e fir st m o r t g a g e b o n d s a r e In d e n o m in a tio n o f $ 1 0 0 , $ 2 0 0 ,
$ 5 0 0 a n d $ 1 ,0 0 0 . A s in k in g fu n d o f 10 % o f n e t e a r n in g s Is n o w o p e r a t iv e ,
b u t t h e b o n d s c a n n o t b e c a lle d .
P a r t o f th e seco n d m o rtg a g e b o n d s are
p le d g e d t o s e c u r e $ 8 0 ,0 0 0 o f n o t e s .
E A R N I N G S .— F o r fisc a l y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 1 1 ,2 8 6 ; o p e r .
e x p . a n d t a x e s , $ 6 3 ,6 6 8 ; n e t , $ 4 7 ,6 1 8 ; I n t ., $ 2 4 ,8 9 6 ; s u r p lu s , $ 2 2 ,7 2 2 .
R O A D .— O p e r a te s 2 4 m ile s o f t r a c k fr o m E a s t o n t o N a z a r e t h a n d
fr o m E a s t o n t o B a n g o r , c h ie f ly o n p r iv a te r ig h t o f w a y .
S ta n d a rd g a u g e ,
6 5 - lb ., 70- b . a n d 8 0 - lb . s te e l ra il; 18 c a r s.
O F F I C E R S .— P r e s ., T . A . H . H a y ; S e c ., W . O . H a y ; T r e a s ., C h e s te r
S n y d e r ; S u p t . , ' D . L . B e a u lie u .
V . 8 0, p. 1972.
EAST ST. LOUIS, ILL.
OAST ST. LOUIS & SUBURBAN CO.—T r o lle y . (See M a p on page 4 3 .)
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y In 1 9 0 2 a n d o w n s all
t h e s t o c k a n d b o n d s o f t h e E a s t S t . L o u is R y . , t h e S t . L o u is & E a s t S t .
L o u is E le c tr ic R y . a n d t h e E a s t S t . L o u is & S u b u r b a n R y .. a ll t h e s to c k
o f t h e A lt o n G r a n ite & S t . L o u is T r a c t io n C o ., t h e A lt o n G a s & E le c tr ic
C o . a n d t h e b o n d s o f t h e S t . L o u is & B e lle v ille E le c tr ic R y . T h e E a s t
S t . L o u is & S u b u r b a n R y . o p e r a te s a ll t h e e le c t r ic lin e s In E a s t S t . L o u is
a n d t o B e lle v ille , E d w a r d s v llle , C o llin s v ille a n n d C a s e y v llle ; a ls o a lin e
to O ’F a llo n a n d L e b a n o n a n d a n I n te r u r b a n lin e fr o m E a s t S t . L o u is
to B r o o k ly n , V e n ic e , M a d iso n , G r a n ite C ity a n d A lt o n , a n d a ll s t r e e t lin e s
In t h e la t t e r c it y , a n d t h e o n ly e le c t r ic lin e a c r o s s t h e E a d s B r id g e .
In
J a n u a r y 1 9 0 3 a c q u ir e d th e C it iz e n s ’ E le c tr ic L ig h t & P o w e r C o m p a n y ’s
p la n t In E a s t S t . L o u is .
H a s llf t y - y e a r e x c lu s i v e r ig h ts fr o m 1 90 3 to
o p e r a te c a r s o v e r t h e E a d s B r id g e , t h e o n ly b r id g e c o n n e c tin g S t . L o u is
a n d E a s t S t . L o u is . H a s a c o n t r a c t w t h t h e c it y o f E . S t . L o u is fo r m u n ic i
p a l lig h t in g u n t il 1 9 1 0 . F r a n c h is e s in E a s t S t . L o u is , E d w a r d s v llle , C o llin s
v i ll e , C a s e y v llle , O ’F a llo n , B e lle v ille a n d L e b a n o n a r c fro m 4 4 t o 4 8 y e a r s ,
w it h t h e e x c e p t io n o f B e lle v ille (5 m ile s ) , w h ic h h a s 16 y e a r s to r u n — a ll
fr o m 1 9 0 4 .
H a s 1 0 -y e a r c o n t r a c t fro m S e p t . 1 1 9 0 3 for c i t y l ig h t in g o f
A lt o n . A lt o n r a ilw a y fr a n c h is e e x p ir e s 1 9 4 8 ; A lt o n e le c t r ic l ig h t fr a n c h is e
In 1 9 4 8 ; A lt o n g a s fr a n c h is e Is p e r p e tu a l; G r a n ite C ity f r a n c h is e e x p ir e s In
1 9 2 5 ; M a d iso n f r a n c h is e In 1 9 2 5 ; V e n ic e f r a n c h is e In 1 9 20; B r o o k ly n
fra n ch ise In 1 9 2 1 ; a n d fra n ch ise fo r c o u n t y r o a d c r o s s in g s In 1 9 2 5 .
B o t h s to c k a n d b o n d s h a v e b e e n lis t e d o n t h e P h ila d e lp h ia S t o c k E x
c h a n g e a n d o t h e r s to c k e x c h a n g e s .
T h e fo llo w in g Is a l is t o f t h e s t o c k s a n d b o n d s o w n e d a n d w h ic h a r e
d e p o s ite d w it h t h e S t . L o u is U n io n T r u s t C o . a s c o lla t e r a l fo r t h e E a s t
S t . L o u is & S u b u r b a n C o . c o lla t e r a l t r u s t b o n d s .
C o n stitu en t C o s .—
B o n d s.
S to c k.
E a s t S t L o u is R y C o . . $ 1 . 7 1 9 ,000
(e tir e Issu e)
$ 1 ,8 0 5 ,5 0 0 e n t ir e is s u e
S t L & E S t L E le c R y .
5 0 0 .0 0 0
do
do
4 9 9 ,5 0 0 d o
do
E S t L & S u b u r b a n R y 3 .7 1 6 ,0 0 0
do
do
3 .7 4 8 ,8 0 0 d o
do
S t L & B e lle v ille E l R y
7 5 0 ,0 0 0
do
do
............
C itiz e n s E le c L & P C o.
1 0 6 ,0 0 0
do
do
2 4 9 ,7 0 0 d o
do
$ 6 , s 7 1 ,0 0 0
$ 6 ,3 0 3 ,5 0 0
T h e c a p it a liz a t io n o f t h e E a s t S t . L o u is & S u b u r b a n C o . Is a s fo llo w s :
D a te.
In terest. O u tsta n d in g . M a tu r ity .
STO C K A N D B O N D S —
$ 7 ,0 0 0 ,0 0 0 ____________
C o m m o n $ 7 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
7 , 0 0 0 ,0 0 0 A u g ’0 9 , 1 \ f
Q -F
P r e f $ 7 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 5 % l ------5 % c u m — ...................... .......... /
7 ,8 1 6 ,0 0 0 A p ril 1 1932
C o lla te r a l t r u s t m o r t g a g e $ 8 ,- f 1 9 0 2
5 g A -0
.
.
0 0 0 .0 0 0 g o ld ( $ 1 ,0 0 0 ) ___ c * ( I n t e r e s t a t S t . L o u is U n io n T r . C o ., T r u s t e e
I o r a t E . VV. C la rk & C o ., P h ila d e lp h ia .
A Q & S t L o u is fir st co n so ll-1
1904 5 g F -A
2 ,2 6 3 ,0 0 0 A u g . 1 10 4 4
d a t e d m o r t g a g e ,$ 3 , 0 0 0 ,0 0 0 l i n t , a t I llin o is S t a t e T r . C o ., H a st S t . L o u is ,
c * jT r u s t e e ,
o r a t M o r to n T r u s t C o ., N . Y .
g o ld ( $ 1 ,0 0 0 ) ................
A lt o n R y & I liu m fir st m t g e ]
1 8 9 5 5 g A -O
2 5 0 ,0 0 0 O c t . 1 1 9 1 5
$ 2 5 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) --C * ) I n t e r e s t a t M a n h a t ta n T r u s t ., N . Y . , T r u s t e e .
A lt o n R y G a s & E le c tr ic C o)
1 8 9 9 5 g A -O
2 5 0 ,0 0 0 O c t . 1 1 9 3 9
m o r t g a g e $ 5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) l i n t , a t T r u s t C o . o f A m e r ic a , N . Y ., T r u s t e e .
g o l d _______________________c * l
N o s in k in g fu n d ; b o n d s c a n n o t b e c a lle d .
B o n d s . — O f t h e $ 8 ,0 0 0 ,0 0 0 c o ll, t r u s t b o n d s , $ 7 ,8 1 6 ,0 0 0 a r e o u t s ta n d in g ,
a n d t h e b a la n c e , $ 1 8 4 ,0 0 0 , a r c r e se r v e d fo r fu tu r e e x t e n s io n s a n d Im p r ’t s .
B o n d s a r e r e d e e m a b le o n a n y I n te r e s t d a y a t 1 0 5 a n d I n te r e s t o n 6 0 d a y s ’
n o t ic e . S e e V . 7 6 , p . 3 8 2 .
O f t h e $ 5 0 0 ,0 0 0 A lt o n R y . , G a s & E le c . C o.
b o n d s , $ 2 5 0 ,0 0 0 a r e r e se r v e d fo r p r io r lie n s .
$ 2 ,2 6 3 ,0 0 0 A lt o n G r a n ite
& S t . L o u is 1 st c o n s o ls a r e o u t s ta n d in g ; $ 5 0 0 ,0 0 0 a r e r e se r v e d t o t a k e up
p rio r b o n d s . T h e r e m a in in g b o n d s a r e fo r e x t e n s i o n s a n d I m p r o v e m e n t s .
T h e y a r e a ls o a lie n o n t h e p r o p e r ty o f t h e A lto n G as & E le c tr ic C o ., w h ic h
w a s o w n e d b y th o A lto n G r a n ite & S t . L . T r a c . C o ., w h e n th e m o r t . w a s
m ade.
N o s in k in g f u n d s , b u t b o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e
a t 1 1 0 a n d I n te r e s t u p o n 9 0 d a y s ’ n o t ic e .
D iv id e n d s . — 5% p e r a n n u m h a s b e e n p a id q u a r t e r ly o n p r e fe r r e d s in c e
Its Issu e M a y 1 1 9 0 6 u p t o a n d in c lu d in g A u g 1 1 9 0 9 .
R E P O R T .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 2 ,0 0 9 ,5 1 4 ; n e t ,
$ 9 4 7 ,2 0 5 ; fix e d c h a r g e s , $ 5 7 1 ,6 5 5 ; p r e fe r r e d d iv id e n d , $ 3 5 0 ,0 0 0 : s u r p lu s ,
$ 2 5 ,5 5 0 .
In 1 9 0 7 , g r o s s , $ 2 ,1 5 7 ,4 4 3 ; n e t , $ 1 ,0 2 9 ,5 4 8 ; fix e d c h a r g e s , $ 5 4 5 ,
3 5 8 ; p r e fe r r e d d iv id e n d , $ 3 5 0 ,0 0 0 ; s u r p lu s , $ 1 3 4 ,1 9 0 .
R O A D .— O p e r a te s 181 m ile s o f t r a c k . In c lu d in g a ll t h e lin e s In E a s t
S t . L o u is a n d A lt o n , a d o u b le - tr a c k ro a d fro m E a s t S t . L o u is to B e l le v i ll e ,
a s in g le -tr a c k lin e to O ’F a llo n a n d L e b a n o n , a n d a ls o a s in g le - tr a c k lin e to
A lt o n .
H a s 2 0 4 c a r s.
, .
O F F I C E R S .— P r e s ., C . M . C lark : V . - P . , E . YV. C lark ; S e c . a n d A s s t .
T r e a s ., G . L . E s t a b r o o k . T r e a s ., O. A . P e a r s o n J r .; A s s t . S e c ., T . YV.
G regory.
O ffic e o f S u b u r b a n C o ,, C a m d e n , N . J .; o p e r a tin g c o m p a n y a t
E a s t S t . L o u is .— V . 8 3 , p . 2 7 1 . 6 8 7 , 9 6 9 . 1 1 70: V . 8 7 , p . 8 1 2 , 1 0 8 9 .
EAU CLAIRE, WIS.
CHIPPEWA VALLEY RAILWAY LIGHT & POWER CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 8 9 8 u n d e r t h e la w s o f YViSConsln
O w n s t h e C h ip p e w a V a lle y E le c . R R . . In w h ic h t h e L a u C la ire L ig h t &
P o w e r C o. h a s b e e n m e r g e d .
C o m p a n y h a s s u r r e n d e r e d Its L a u C laire
lig h tin g f r a n c h is e a n d o p e r a te s u n d e r I n d e t e r m in a te p e r m it a s to lig h t in g .
S t ill h o ld s r a i l w a y f r a n c h is e .
.
„ , .
STO C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
nn
C o m m o n , $ 8 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
P r e f 7 % c u m . $ 2 0 0 ,0 0 0 ($ 1 0 0 ) ------7 Q -M
1 0 0 .0 0 0 S e p t 0 9 ,
F ir st
m o r tg a g e
$ 2 ,0 0 0 ,0 0 0 ) 1 9 0 7
5 J -J
70m '0 0 r,i't y
($ 1 ,0 0 0 ) g o l d ......................... c* J I n t . a t H a rr is T r . & S a v . B k . C h ic a g o , T r u s t
B o n d s .— O f t h e n e w $ 2 ,0 0 0 ,0 0 0 b o n d s , $ 2 0 0 ,0 0 0 m a y b e Issu ed fo r 75%
o f c o s t o f e x te n s io n t o M c n o m ln ie ; r e m a in d e r c a n b e Issu ed fo r 7 5 % o f
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6 28: n e t , $ 2 8 6 ,3 0 1 ; fix e d c h a r g e s , $ 2 2 7 ,2 4 4 ; s u r p lu s , $ 5 9 ,1 4 7 .
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T r e a s ., H . M . B e a r d s le y ; A s s t . S e c ., A . S . C o o k e , 4 0 W a ll S t . , N . Y .
G e n . M g r ., S . J . D i l l.— V . 7 2 . p . 9 3 5 , 9 8 8 ; V . 8 2 , p . 1 1 6 6 ; V . 8 3 , p . 8 9 3
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s e c u r it ie s o f t h e E l P a s o E le c . R y . C o . a n d t h e E l P a s o & J u a r e z T r a c . L o ..
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a n d J u a r e z , M e x ic o ; c ld e lly 6 0 - lb . T r a il; 4 7 ca rs; s ta n d a r d g a u g e .
O F F I C E R S .— P r o s ., G . E . T r ip p ; V . - P . , J o s e p h R c m lc k ; T r e a s ., H e n r y
B . S a w y e r ; S e c ., A lv a h K . T o d d : M g r ., C. W . K e llo g g J r .; T r a n s . A g e n t s ,
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m t g e . b o n d s h a v e b e e n e x t e n d e d fo r 1 y e a r , t o 1 9 1 0 .
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a t a n y I n te r e s t p e rio d a t 110.
R O A D .— T h e E v a n s v il l e & E a s t e r n r o a d c o n s is t s o f 2 5 m ile s o f t r a c k
f ro m N e w b u r g h ( fr o m w h i c h p o i n t I t e n t e r s E v a n s v il l e o v e r t h e t r a c k s o f
t h e E v a n s v i l l e T e r m i n a l R y .) t o R o c k p o r t . I n c l u d i n g a 4 - m I le b r a n c h
to R i c h l a n d .
T h e E v a n s v il l e & M t. V e r n o n r o a d c o n s is t s o f 18 m ile s o f
t r a c k f r o m E v a n s v il l e t o M t. V e r n o n .
T o t a l l e n g t h o f l in e s , 4 3 m ile s .
E x t e n s i o n s a g g r e g a t i n g 2 5 m il e s a r e p r o j e c t e d t o G r a n d V i e w , T r o y , T e ll
C l tv a n d C a n n e l to n
B o t h r o a d s d o a f r e i g h t b u s in e s s .
O F F I C E R S . — P r e s . , W . L . M c C u r d y ; V . - P . , W . I . R u d d : S e c ., C . H .
B a ttln ; T r e a s ., M . S . S o n n ta g ; G e n . M g r., W . A . C a rs o n .— V . 8 4 , p . 9 4 2 ,
1551; V . 8 5 , p . 1401; V . 8 6 , p . 1100; V . 8 8 , p . 505; V . 8 9 , p . 41 0 .
EVANSVILLE SUBURBAN & NEWBURGH RY.
O R G A N I Z A T I O N . — I n c o r p o r a t e d In I n d i a n a In D e c 1 8 8 8 . w i t h a p e r
p e tu a l c h a r te r .
P a s s e n g e r b u s in e s s h a u l e d b y e l e c t r l c t y a n d f r e i g h t b y
s te a m .
D o e s a c a r - l o t f r e i g h t a n d e x p r e s s b u s in e s s .
H a s p r iv a t e r lg h t-o f WaS T O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
s t o c k , $ 5 0 0 ,0 0 0 ( $ 10 0 ) .........................................................
*?5Z^2R
1 s t m o r t g a g e , $ 5 0 0 ,0 0 0 , g o ld ) 1 9 0 4
5 g J -J
5 0 0 ,0 0 0 J u l y 1 4 9 3 4
($ 5 0 0 a n d $ 1 ,0 0 0 ) .............. c* I n t e r e s t a t E v a n s v il l e T r u s t & S a v . C o . ,
j
T r u s te e , o r N a t. B a n k o f C o m m e rc e , N . Y .
B o n d s . — A s in k in g fu n d o f $ 2 ,5 0 0 p e r a n n u m c o m m e n c e s J u l y 1 1 9 1 0 ,
w h ic h w ill r e t i r e b o n d s a t 1 0 5 . A ll o r a n y p a r t o f b o n d s a r e r e d e e m a b l e
a f t e r 15 y e a r s a t 10 5 .
.
E A R N I N G S . — F o r y e a r e n d i n g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 1 3 ,8 9 0 ; n e t ,
$ 4 7 ,6 0 5 ; I n 1 9 0 8 , g r o s s , $ 1 2 6 ,2 1 5 ; n e t , $ 5 6 ,7 6 7 .
D e c re a s e In 1 909 d u e to
d i s c o n t i n u a n c e o f t r a f f i c a r r a n g e m e n t s o f a c o n n e c t i n g l in e .
R O A D . — O p e r a te s 25 m ile s o f t r a c k f r o m E v a n s v il l e t o N e w b u r g h , w l t n
a b r a n c h o ff t h e m a i n l in e t h r o u g h S t e v e n s S t a t i o n a n d C h a n d l e r , t o B o o n v lllc - h a s a ls o 5 m ile s o f s id e - tr a c k - t o t a l . 3 0 m il e s . S t a n d a r d g a u g e .
7 0 - lb . T r a i l s .
„
O F F I C E R S . — P r e s . , F . W . C o o k : V . - P . . L e e H o w e ll: S e c . a n d G e n . M g r . ,
G u s . M u lh a u s e r ; T r e a s . , S . P . G lU e tt.
V . 83. p . 271.
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRACTION CO.
1on_
u
O R G A N I Z A T I O N .— In c o r p o r a te d In W e s t V ir g in ia In M a
1 9 0 3 a n d Is
s u c c e s s o r t o t h e F a ir m o n t & C la r k sb u r g E le c tr ic R R . C o .
Is c o n t r o lle d b y
In te r e s ts I d e n tifie d w it h t h e C o n so lid a tio n C o a l C o . o f M a r y la n d a n d a llie d
p r o p e r tie s . V . 8 0 , p . 6 0 0 .
D o e s a l ig h t in g b u s in e s s In F a ir m o n t , w h e r e
b o t h l ig h t in g a n d s tr e e t r a ilw a y fra n ch ise s a r e p e r p e tu a l; fra n ch ise In C la r k s
b u rg 50 y e a r s.
H a s m a d e a g r e e m e n t w i t h F a ir m o n t & M a n n ln g to n
T r a c t io n C o . t o h a n d le a ll b u s in e s s fro m e n d o f la t t e r c o m p a n y ’s lin e In to
F a ir m o n t a n d a lso to fu r n is h p o w e r fo r o p e r a t io n o f F a ir m o n t & M a n n in g to n T r a c t io n .
V . 87. p. 544.
O n J u n e 16 1 9 0 8 s to c k h o ld e r s a u t h o r iz e d
th e Issu e o f $ 2 ,5 0 0 ,0 0 0 p r e f. s t o c k g iv e n b e lo w .
ST O C K A N D B O N D S —
Date'.
In terest. O u tsta n d in g .
M a tu r ity ..
* H 2 ? ’2 « « .........................
S t o c k , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............- .....................................
F st m C T tg a g e? °’$ 2 ? 5 0 (j,b b b 'f 1 9 0 3
O
s V a -O
'
2 / 3 5 0 ,0 0 0
6V t I 1938
g o ld ($1 0 0 0 ) . . - .................c ’ J I n t a t G u a r a n ty T r . C o .. N . Y . , T r u s t e e ,
B o n d s . — $ 1 5 0 ,0 0 0 b o n d s a r e r e s e r v e d fo r e x te n s io n s a n d b e t t e r m e n t s .
B o n d s s u b j e c t t o call* b e g in n in g O c t . 1 1 9 1 3 , a t 1 0 5 a n d I n t e r e s t .
L is te d
o n P h ila d e lp h ia S t o c k E x c h a n g e .
.
E A R N I N G S .— F o r y e a r e n d lu g D e c . 31 1 9 0 8 , g r o s s , $ 4 1 6 ,8 8 2 , n e t ,
$ 2 7 0 ,9 9 8 ; I n te r e s t a n d c h a r g e s , $ 1 4 1 ,3 4 9 ; s u r p lu s , $ 1 2 9 ,6 4 9 .
R O A D — O p e r a te s s t r e e t r a ilw a y s in F a ir m o n t . W . V a ., a n d a lso In
C la r k s b u r g , W . V a . , a n d a n ln te r u r b a n lin e o f 2 5 m ile s c o n n e c tin g t h e t w o ;
w it h v a r io u s s m a ll b r a n c h lin e s; t o t a l , 4 7 m ile s o f tr a c k .
50 c a r s . S t a n d
a r d g a u g e ; 7 0 a n d 8 0 - lb . T r a il. A 3 .6 - m ll e e x t e n s i o n fr o m C la r k s b u r g to
B r id g e p o r t w a s c o m p le t e d S e p t . 1 9 0 9 .
O F F I C E R S .— P r e s ., S . L . W a ts o n ; V . - P . , C . W . W a t s o n ; S e c . a n d
T r e a s ., W a lto n M iller; G e n . M g r ., J a s . O . W a t s o n .— V . 7 6 , p . 1 4 0 6 , V . 7 7 .
p . 950; V . 8 0 , p . 600; V . 8 6 , p . 1343: V . 8 7 , p . 4 8 0 , 544; V . 8 9 , p . 1 0 3 .
FARGO, NORTH DAKOTA,
FARGO & MOOREHEAD STREET RY. CO.—A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d
1904
In N o r t h
D a k o ta .
S to c k .
$ 3 0 0 ,0 0 0 ($ 1 0 0 ) Issu e d .
B o n d s a u t h o r iz e d a n d o u t s t a n d in g , $ 2 0 0 ,0 0 0
($ 5 0 0 ) 2 0 - y e a r 5% 1 st m t g e . a n d $ 1 0 0 ,0 0 0 ($ 5 0 0 ) 6% 2 0 -y e a r 2 d m tg e .;
b o th Issu es d u e 1 9 2 5 ; I n t. J -J a n d s u b j e c t to c a ll a f te r 5 y e a r s a t 1 05; p r in
c ip a l a n d I n t. p a y a b le In g o ld . 1 s t m t g e . b o n d s a t S t a t e B a n k o f C h ic a g o ,
t r u s t e e , 2 d m t g e . b o n d s a t N o r t h w e s t e r n T r u s t C o ., S t . P a u l , M in n ., t r u s t e e .
W arnings fo r 1 9 0 8 , g r o s s , $ 9 5 ,0 0 0 ; n e t , $ 4 5 ,0 0 0 . O p e r a t e s 13 m ile s b e t w e e n
F a r g o , N . D . , a n d M o o r h e a d , M in n .
S t a n d a r d g a u g e , 7 0 - lb . T . r a il.
P r e s ., J . W . S m it h , F a r g o .________________ ________ _
E V A N S V I L L E & S O U T H E R N I N D I A N A T R A C T IO N C O .— T r o lle y
O R G A N I Z A T I O N — I n c o r p o r a te d In J a n . 1 9 0 7 a n d Is a c o n s o lid a t io n o f
FISHKILL-ON-THE-HUDSON, N. Y.
t h e E v a n s v ille E le c . R y . a n d t h e E v a n s v ille P r in c e t o n & V in c e n n e s I n t e r .
R y.
F r a n c h is e s e x p ir e In 1951 a n d 1 9 5 2 .
FISHKILL ELECTRIC RAILWAY CO.—A trolley road
STO C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
L e a s e s t h e C itiz e n s ’ S t r e e t R R . L ig h t & P o w e r a t a r e n ta l o f $ 8 ,2 2 5 p e r
C o m m o n . $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
* 2 ,0 0 0 ,0 0 0 .........................
P r e f,, «i,(fuu,uuu i f 1 0 0 ) skot w x*t ....................................
LOOO.OOO
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
P icl $ 1 ,5 0 0 ,0 0 0 ($ ivvf e c e
----------rtnn'Ann
r - 1 . .ftnS T O C K A N D B O N D S .
. .
1s t c o n m t g e , $ 4 ,0 0 0 ,0 0 0 , gl 1907
- '
_______
$ 5 0 ,0 0 0 ------------------1st con m tge. $4,000,000, gl
5 g J-J —f 1 •0 0° '00^ hn{ an,Pr,,l?»J S t o c k $ 5 0 0 0 0
A
1
( $ 1 ,0 0 0 ) ................................... c* Int. at Trust Co. of N o. A m ., Phlla., Trustee. F ir s t m o r t g a g e ,' $ 5 0 " 6 6 6 ” I - - 1 8 9 5
6 J -J
5 0 ,0 0 0
J u ly 1915
10 0 1
4gM-N
1,200,000 May 1 1921
E v a n s v ille El R y 1 st m t g e ,
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , Kr_°|s ’
$ 1 ,2 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 )c * Int. at Farmers’ L. & Tr. Co., N . Y ., Trus. $ 1 6 ,2 6 3 ; o t h e r I n c o m e , $ 1 5 0 ; c h a r g e s a n d t a x e s , $ 1 2 ,9 0 8 , s u r p lu s , $ 3 ,5 0 5 .
1903 5 g A-O
380,000 April 1 1923
E v a n s v & P r in c e 1 st m tg e ,
R O A D — O w n s 4 k a n d le a s e s 3 m ile s . T o t a l 7 H m ile s .
$ 4 0 0 ,0 0 0 , g o ld
( $ 1 ,0 0 0 ) , Int. at CIt. Sav. & Tr. C o., C leye.. Trustee.
O F F I C E R S .— P r e s ., J o h n T . S m it h ; V . - P . , W . J . C o n k lin ; S e c ., W . H.
.......... .. ........ ......................or at First National Bank New York.
s in k in g f u n d ......................c & r
S o u th a r d ; T r e a s ., G . W . P a t te r s o n ^ _________
S to c k . — Preferred stock Is entitled to dividends of 3% In 1908; 4% In
1009: 5% In 1910 and thereafter.
, .
,
FITCHBURG, MASS.
B o n d s .— Of the $4,000,000 new bonds, $1,600,000 are reserved for prior
FITCHBURG & LEOMINSTER STREET RY.
Hens.
Arc subject to call on any Int. date before Jan. 1 1912 on 60 days’
In A p r il 1 9 0 5 a b s o r b e d t h e L e o m in s te r S h ir le y * A y e r S t r e e t R y . th r o u g h
notice at 105 and Interest.
,
V. 80. p . 1478.
I n S e p t . 1 9 0 7 M a ss.
T h e Evansville & Princeton first 5s h a v e a s i n k i n g f u n d or 510,000 per e x c h a n g e o f s t o c k , s h a r e fo r s h a r e .
annum commencing on Feb. 1 1908, said fund to be Invested In the bonds R R . C o m m is s io n s a n c tio n e d In crea se In s to c k fro m $ 4 5 0 ,0 0 0 t o $ 7 0 0 ,0 0 0 .
at 105. beginning with No. 1. W hole Issue of these bonds may be called at N e w s to c k t o b e Issu ed a t 1 1 0 . C a m p i n y t h e n p e t it io n e d C o m m is s io n to
llo
c
. 5,
any time at 110 and Interest
Geo. B. Denison of Cleveland Is co-trustee alo nw d s toiek taop b e Issu ed. a t V100 7(Vp . 8 8 1 2p . 7 2 2 ) . b u t In S e p t . 1 9 0 8 C o m m ls
s
en d
p lic a t io n
. 8 ,
.
S T O C K B O N D S . E T C .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
° f EAR n Fn GS’ L foc year ending Dec. 31 1908, gross, $372,993; net, $138,
S t o c k ( a u , ’$ 7 0 0 ,0 0 0 ; p a r , $ 1 0 0 ) ------------------$ 4 5 0 ,0 0 0
See te x t
036; In 1907, gross, $364,094; net, $137,191.
5 A -O
1 5 0 ,0 0 0 A p r il 1 1 9 1 7
ROAD — Owns about 65 miles of track In Evansville and between E vans F it c h & L e o 1 s t m tg e ( $ 5 0 0 ) ,) 1 8 9 7
0
cl tere
a
ir s t
nal
B
n.
ville, Princeton and Patoka. 60, 70 and 75-lb. T-ralls. Also owns park F i $ 1 5 0* 0L 0 o c - n m t_________ ,-1 l n190 1 s t 4 t FF -A N a t io 1 5 0 ,0B a n k ,e b o s1t o1921
tc h
e
o
g e . $350
00 F
and pleasure resort.
„
.
0 0 0 ( $ 1 . 0 0 0 ) ............................J l n t . a t B o s t o n S a fe D e p . & T r . C o ., T r u s t e e .
OFFICER S.— P r o s.,------------------ ,' V .-P s., A. L. Kltsolman and H . W.
6 g F -A
1 0 0 ,0 0 0 F e b 1 1921
Marshall, Sec. W. V. Stuart; Treas., C. M. Murdock; Gen. Mgr., Fletcher L S & A 1 s t m t g e , $ 1 0 0 ,0 0 0 , ( 1 9 0 5
g o ld ( $ 1 ,6 0 0 ) ......................... c * ( I n t . a t B o s t o n S a fe D e p . & T r . C o ., T r u s t e e .
M. Durbin; Aud., J. G. McKee.— V. 84, p. 158. 339, 1366.
g o iu
iG u a r . p £ |' b y F i t c h . & L e o m . S t . R y .
O R GA NTZATTOfL— Lncorpor e d e d In Indiana In August 1907 to control
the Evansville & Eastern Electric Ry. and the Evansville & Mt. Veffcon
C u r r e n t l ia b ilit ie s S e p t . 3 0 1 9 0 8 ------ -------- --------5 7 4 ,1 5 1
- -B o n d s . — O f t h e n e w c o n s o l, m t g e ., $ 1 3 0 ,0 0 0 a r e r e s e r v e d t o r e tir e t h e
1 s t m t g e . a t m a t u r it y .
4<i
[Voii.
E L E C T R IC R A ILW A Y S
D I V I D E N D S . — F o r m a n y y e a r s u p t o a n d In c lu d in g 1 0 0 0 - 1 9 0 1 . 8 %• In
1 9 0 1 - 0 2 . 0% ; In 1 0 0 2 - 0 8 . 6 % ; In 1 9 0 3 - 0 4 , 6 % ; In 1 9 0 4 -0 5 , 0 % ; In 1 0 0 5 -0 0 ,
6 % ; In 1 9 0 0 -0 7 , 0 % ; In 1 9 0 7 -0 8 . 0 % .
'
R O A D .— O w n s 4 0 .7 m ile s o l t r a c k .
R o a d e x t e n d s t o L e o m in s t e r ,
L u n e n b u r g . S h ir le y a n d A y e r .
27 c lo s e d p a s s e n g e r c a r s , 26 o p e n p a s s e n g e r
c a r s , 2 e x p r e s s c a r s a n d 5 s n o w p lo w s .
E A R N I N G S .— F o r y e a r s e n d in g S e p t . 30:
1908.
1907.
1908.
1907.
G ross ........................$ 2 5 1 ,1 7 5
$ 2 6 0 ,4 6 8 D iv id e n d s p a i d - . $ 2 7 ,0 0 0
$ 2 7 ,0 0 0
N e t . . ................... 1 2 7 ,7 0 1
1 2 6 ,9 1 3 B a la n c e . s u r p lu s fo r
I n t ., ta x e s, A c ..
9 6 ,3 1 9
9 2 .0 6 1
y e a r .............. ..
4 .3 8 2
7 .8 4 9
O F F I C E R S .— P r e s ., I I . A . W illis ; V . - P ., H . I . W a lla c e : C lerk a n d C o u n
sel, C . F . B a k er : T r e a s ., R . N . W a llis; S u p t . a n d P u r c h . A g e n t , W . W .
S a r g e n t , a ll o f F it c h b u r g .— V 7 2 , p 87; V . 8 0 , p . 1 4 7 8 ; V . 8 5 p . 4 0 8 , 7 2 2 :
V . “ 7 • p .8 1 2 .
FOND DU LAO, WIS.
EASTERN WISCONSIN RY. & U OUT.—Trolley.
O R G A N I Z A T I O N — I n c o r p o r a te d In W is c o n s in In S e p t . 1 9 0 3 a s a c o n
s o lid a t io n o f t h e F o n d d u L a c S t . R y . & L ig h t C o . a n d t h e F o n d d u L a c A
O sh k o s h E le c tr ic R y . C o.
C o m p r ise s t h e e n t ir e s t r e e t r a ilw a y , e le c t r ic
lig h t in g a n d g a s p la n t s In F o n d d u L a c .
F r a n c h is e s e x p ir e In 1 9 5 1 .
H as
c o n t r a c t w it h c i t y o n F o n d d u L a c t o lig h t s tr e e t s , e x p ir in g l n l 9 1 3 .
Own
a ll t h e s to c k a n d g u a r a n t e e s t h e b o n d s o f t h e W is c o n s in E le c t . R y . V . 8 8 ,
p. 1252.
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ........................................ ................
$ 5 0 0 ,0 0 0 ___
F o n d d u L ac S t R y A L m t g e l ____
5 g J -J
1 9 2 ,5 0 0
1920
$ 2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) . g . . r A c * / I n t . a t M ilw a u k e e T r u s t C o ., T r u s t e e .
1 s t m tg o , $ 1 ,5 0 0 ,0 0 0 , g o ld ] 1 9 0 3
5 gA O
8 0 2 ,5 0 0 O c t 1 19 2 3
( $ 1 ,0 0 0 ) -------- ----------------- c * / I n t e r e s t a t M ilw a u k e e T r u s t C o .. T r u s t e e .
B o n d s . — $ 4 5 4 ,5 0 0 1 s t m t g e . b o n d s a r e r e s e r v e d fo r I m p r o v e m e n t s a t 90 %
o t c o s t a n d $ 2 1 2 ,0 0 0 fo r p r io r lie n s . B o n d s a r e s u b j e c t to c a ll o n a n y In ter
e s t d a t e a t 103 a n d I n t e r e s t u p o n s ix m o n th s ' n o t ic e . T h e F o n d d u L a c
S t . R y . A L , b o n d s c a n n o t b e c a lle d . T h e y a r e g u a r a n t e e d , p . A 1., b y th e
E a s te r n W ls . R y , & L t . C o .
1
' y
°
R O A D — O p e r a te s 25 m ile s o f t r a c k In F o n d d u L a c a n d b e t w e e n F o n d
d u L a e a n d O sh k o s h .
7 0 -lb . T r a ils.
E A R N I N G S .— F o r y e a r e n d in g D o c . 31 1 9 0 8 , g r o s s , $ 2 3 4 ,3 5 6 .
In 1907.
g r o s s , $ 2 1 8 ,6 1 1 ; n e t , a f t e r t a x e s , $ 8 3 ,8 5 5 .
O F F I C E R S .— P r e s ., C le m e n t C. S m it h ; S e c . A T r e a s ., H . F . W h itc o m b
J r .; G o n . M g r ,, R . T . G u n n .— V . 8 7 , p . 3 4 6 ; V . 8 8 , p . 1 2 5 2 .
W is c o n s in E le c tr ic Ry.—A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d A u g . 16 1908 In W is c o n s in a n d
s u c c e e d e d th o W in n e b a g o T r a c t io n C o ., s o ld a t fo r e c lo su r e A u g . 6 1 9 0 8 ,
a s p er p la n In V . 8 5 , p . 6 5 5 .
L a t t e r c o m p a n y w a s a r e o r g a n iz a t io n o f
C itiz e n s ' T r a c tio n C o . In 1 9 0 0 .
E a s te r n W is c o n s in R y . A L t . C o . o w n s
s t o c k a n d g u a r a n t e e s b o n d s o f t h e W is c o n s in E le c . R y .
V . 8 8 , p . 1255
F ra n chises ru n t o 1 9 3 2 .
STO C K A N D B O N D S —
D ale.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 3 5 0 ,0 0 0 .............................................................. ...............
$ 3 5 0 ,0 0 0
1st m t g e . $ 1 , 5 0 0 ,0 0 0 g o ld !
1908
5 F -A
7 8 3 ,0 0 0
A tlg . 1 1 9 3 8
( $ 5 0 0 a n d $ 1 . 0 0 0 ) -------- c l
I n t e r e s t a t AVIs. T r u s t C o ., M llw ., tr u s t e e
B o n d s . — .B o n d s a r o s u b j e c t t o ca ll a t 105 o n 6 m o n th s n o t ic e .
E A R N I N G S ,— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 1 5 3 ,2 3 4 .
R O A D .— O w n s 4 6 m ile s o f r o a d — 1 8 .5 m ile s In O sh k o s h . 2 6 .5 m ile s of
ln te r n r b a n r o a d r u n n in g fr o m O sh k o s h t o N e e n a h a n d to O m r o a n d l m ile
In N e e n a h .
O F F I C E R S .— P r e s ,, C le m e n t C . S m it h ; V .- P . a n d T r e a s ., I I . F . W h i t
c o m b J r .; S e c ., G e o , A llis o n .
O ff ic e , O s h k o s h , W is .— V . 8 7 , p . 3 4 8 , 48 1 :
V . 8 8 , p , 1255
LXXXIX.
STO C K A N D B O N D S —
D ate.
In terest. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 6 ,0 0 0 ,0 0 0
P r e f, see text. 5 1 ,5 0 0 ,0 0 0 ($ 1 0 0 ) ..............................
1 ,5 0 0 ,0 0 0
*"
1 s t c o n s m tg e
$ 7 ,5 0 0 ,0 0 0 , / 1 0 0 4
5 gM S
6 ,0 >4,000 M c h " l* i o 3 4
g o ld ( $ 1 .0 0 0 ) ---------------. . c * l I n t . a t T r . C o . o f N o . A m e r ic a , P h l la ., T r u s t .
S e c o n d m t g e . , $ 1 ,0 0 0 ,0 0 0
1909
6 „
6 4 2 ,0 0 0
F e b 1 1934
IG u a r. T r . A -oifc D c p . C o ., t 'h lla ., t r u s t e e .
W a b a s h R iv T r Co 1 s t m t g e ,/ 1901
5 g F A
2 7 5 ,0 0 0
1931
$ 3 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) , g ------ c * l I n t . a t N . H a v e n T r . C o . , N . H a v e n , T r u s t e e .
4 g A O
2 9 ,0 0 0
10 2 9
F t W a y n e T r m tg e $ 1 ,5 0 0 ,- / 1899
0 0 0 , g o ld ( $ 1 ,0 0 0 ) -----------c * l l n t . a t G u a rd T rust C o ., C le v e la n d , T r u s t e e .
L a f a y e tt e S t R y 1 s t m t g e / 18 9 3
6 J D
2 2 5 ,0 0 0 J u n e 1 1913
( $ 1 ,0 0 0 e a c h ) , 5 2 2 5 ,0 0 0 . c * l I n t. a t R ea l B t a t e T r u s t C o ., P h l la ., T r u s t e e
S to c k . — T h e p r e fe r r e d s to c k Is 5 % c u m u la t iv e a f te r D e c . 1 1 9 0 6 a n d m a y
be r e d e e m e d a f te r N o v . 3 0 191 4 a t par a m i u n p a id d iv id e n d s .
S e e V. 7 9 ,
p. 2747.
B o t h c o m . a n d p ref. a r e lis t e d on P n ila d e lp h la S t o c k E x c h a n g e .
B o n d s .— O t o e lie v >nt > io o , oo.OO.i, .
•
m o a r e rc.Servt d to e tlr e
u n d e r ly in g lie n s .
See V . 78, p . 2011.
In a d d it io n t o b o n d s n o t e d a b o v e ,
th e r e a r e $ 3 ,5 0 0 b o n d s o f th e L o g a n sp o r t R y . o u t s t a n d in g . T h e n e w
c o n s o ls o f 190 4 a r c n o t s u b j e c t to ca ll b efo re m a t u r it y . T h e W a b a s h R iv e r
T r a c t io n C o . 5 s o f 1901 a r e s u b j e c t to R ill a t a n y t im e a t 105 a n ti I n te r e s t.
F ir s t c o n s o lid a t e d m o r tg a g e b o n d s a r c Listed o n P h lla . S t o c k E x c h a n g e .
. fj,0 -A D .— O p e r a te s 17 m ile s o f m a in tra k . c o m p r is in g th e In sid e lin e s
In F t . W a y n e H u n t in g t o n . P e r u , W a b a s h a n d L o g a n s p o r t. a n d t h e I n te r
u r b a n ro a d c o n n e c tin g t h o s e c itie s ; a lt o th e c it y lin e s In L a f a y e t t e .
An ex
te n s io n t o L a f a y e t t e h a s b e e n b u ilt b y th e L o g a n sp o r t A L a f a y e tt e T r a c tio n
Co . w h ic h Is c o n t r o lle d b y t h is c o m p a n y .
T ta l t r a c k . In c lu d in g c o n t r o lle d
c o m p a n ie s a n d s id in g s , 21 m ile s .
A t L o g a n s p o r t, P e r u . W a b a s h a n d BlufTto n c o n n e c tio n Is m a d e fo r I n d ia n a p o lis o v e r t r a c k s o f I n d ia n a U n io n T r a c
tio n G o.
>n M a y 19 0 6 b e g a n th r o u g h s e r v ic e b e tw e e n F t . W a y n e a n d I n
d ia n a p o lis o v e r t r a c k s o f I n d ia n a U n io n T r a c tl >n C o.
S e e V. 8 2 , p. 1101
R a lls , 6 0 , 7 0 , 7 2 , 8 0 a n d 9 0 lb .
In O c t l o t ) / b e g a n o p e r a tin g c a r s b e tw e e n
F t . W a y n e a n d L a r a y e tte .
O w n s 3 p o w er n u s e s a n d 4 p le a su r e p a r k s ,
H a s 81 c lo s e d a n d 88 o p e n c a r s a n d 117 m o to r e q u ip m e n t s .
C o n tr o ls
e n t ir e e le c t r ic lig h t a n d p o w e r b u s in e s s o f F t. W a y n e .
R E P O R T .— F o r c a le n d a r y e a r s e n d in g lic e 31:
1908.
1907.
1906.
1905.
G ro ss e a r n i n g s ...................... $ 1 ,3 2 2 ,0 3 5
5 1 ,2 8 .1 .7 2 2
$ 1 ,1 0 9 ,0 3 2
$ 0 1 9 ,2 9 8
O p e r a tin g e x p e n s e s .
7 3 7 ,1 3 4
7 4 6 ,0 3 6
6 7 6 ,8 4 6
5 8 0 ,8 3 2
N e t e a r n in g s ___________
O th e r I n c o m e ____________
$ 5 8 5 ,5 0 1
85
$53 7 ,6 8 6
59
$ 4 3 2 ,1 8 6
160
$ 3 6 8 ,4 6 6
109
T o t a l I n c o m e ___________
F ix e d c h a r g e s ____________
$ 5 8 5 ,5 8 6
4 8 8 ,7 5 6
$ 5 3 7,7 4 5
4 2 7 .3 1 5
$ 4 3 2 ,3 4 6
3 6 4 ,2 3 2
$ 3 6 8 ,6 6 5
3 1 7 ,8 5 9
$ 9 6 ,8 3 0
S u r p l u s .................................
$ lti
O F F I C E R S .— P r e s ., J . L e v e r in g J o n e s
2d V . - P ., H u g h I. Vic Io w a n : S.
i, u
— V . 8 7 , p . 1533; V . 8 8 , p. 3 7 4 , 624.
430
$ 6 8 ,1 1 4
$ 5 0 ,8 0 6
V P ., C h a rle s M. M u r d o c k ;
i y; T r e a s ., H e n r y c . P a u l.
(1)
Ft. Wayne Bluflton & Marion Fraction Co. — A t r o lle y r o a d .
O R O A N I Z A i 'l O N . — 1 n c u r p o r a iv d in A p ril 1 9 0 5 .
S t o c k a ll o w n e d b y
c t . W a y n e A W a b a sh V a lle y L'cacti >n C>
>vhtob g u a r a n t e e s th e b o n d s .
P d a . an d In terest.
I s le a s e d to i i i r i it > f
) ) y e a r s . F ra n ch ise In F t.
W a y n e . 3 5 y e a r s: In Bl ilf to n a n I ) s s l i i
• ir s o t h e r s o e r p e tu a l.
STO C K A N D B O N D S—
D ate.
tn terest
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, $ 3 0 0 . 0 0 0 ......................................................
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m tg e ,
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g o ld ) 19 0 5
5 g J I
$ 4 0 0 ,0 0 0 J u ly 1 193 5
( $ 1 ,0 0 0 ) , g u a r ......................... / I n t a t G u a r iv * S . D . C o . , P h l l a . . T r u s t e e
R O A D . — C o m p r ise s 23 m ile s o f tra c k b e tw e e n F t . W a y n e a n d B lu ffto n .
70 1b. r a ils .— V . 8 1 . p . 5 0 7 .
(2) Lafayette & Logansport Traction Co.—
F O R T D O D G E , IO W A .
,
fo rt DODGE OES
I n d u s t r ia l” s e c t io n .
MOINES & SOUTHERN RR.—S e e
F O R T SC O TT, K A N .
THE FORT SCOTT OAS & ELECTRIC CO.
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and
............................
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O R G A N I Z A T I O N .— I n c o r p o r a te d In K a n s a s In 1 0 0 0 , a n d Is s u c c e s s o r
to th e F o r t S c o t t E le e tr lc L ig h t A P o w e r C o ., C itiz e n s ' E le c tr ic S t r e e t R y .
F o r t S c o t t S t e a m H e a t in g C o . a n d F o r t S c o t t G a s C o .
F r a n c h is e e x p ir e s
A p ril 23 1 9 2 2 .
S T O C K A N D B O N D S —■
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 3 0 0 ,0 0 0 ( $ 1 0 0 ) .............. .........
.................
$ 3 0 0 ,0 0 0
1 st m o r t g a g e . $ 2 5 0 ,0 0 0 , g o ld l 1 0 0 3
5 g A -O
1 9 3 .0 0 0 A p r ll'l i0 2 2
( $ 5 0 0 ). s in k in g f u n d ------ c * / I n t . a t C h ic a g o T it le & T r u s t C o ., T r u s te e
B o n d s .-—O f th e $ 2 5 0 ,0 0 0 a u t h o r iz e d ,5 5 0 ,0 0 0 a ro r e s e r v e d fo r e x t e n s io n s
a m i S 7 .0 0 0 h a v e b e e n r e tir e d .
A re s u b j e c t to ca ll o n A p ril 1 1 9 0 8 a t 105
a n d I n t e r e s t . T h e f o llo w in g a m o u n t s a r e p a y a b le a n n u a lly t o a s in k in g
fu n d . In 1008 a n d t 9 0 9 , $ 3 ,5 0 0 p er a n n u m : In 19 1 0 a n d 1 9 1 1 , $ 4 ,0 0 0 p er
a n n u m In 1 9 1 2 a n d 1 9 1 3 , $ 4 ,5 0 0 p e r a n n u m ; In 1914 a n d 1 9 1 5 , $ 6 ,0 0 0 p er
a n n u m ; In 1910 a n d 1 9 1 7 , $ 7 ,0 0 0 p er a n n u m , a n d fro m 19 1 8 t o 1921 In
c l u s i v e , $ 1 0 ,0 0 0 p e r a n n u m .
E A R N I N G S .— -For c a le n d a r y e a r 1 9 0 8 , g r o s s . $ 6 6 ,7 0 0 : n e t , $ 2 8 ,5 0 0 .
R O A D .— 7 m ile s o f t r a c k In F o r t S c t t .
G a u g e , 4 f t.; 4 5 to 8 0 lb . T r a ils .
O F F I C E R S .— P r e s id e n t , M. R . S t u r t c v a n t . S t . L o u is; V . - P ., C . F .
M a r tin , K a n s a s C ity : S e c . - T r e a s .a m i S u p t . , F . O . M a r tin .— V . 7 7 , p . 1 2 94.
F O R T S M IT H , A R K .
FORT SMITH LIGHT & TRACTION CO.
In .in ly 10 0 6 a la r g e b lo c k o f t h e s to c k c h a n g e d h a n d s .
V. 83, p. 213.
O R G A N I Z A T I O N . —I n c o r p o r a te d in A r k a n s a s o n A p ril 13 1903 a s a
c o n s o lid a t io n o f th e F o r t S m it h - V a n B u re n L ig h t & T r a n s it C o a n d th e
F o r t S m it h T r a c tio n L ig h t A P o w e r C o .
D o e s t h e e n t ir e e le c t r ic lig h t
g w a n d s t r e e t r a ilw a y b u s in e s s o f th e c it y a n d th e e le c t r ic lig h t a n d g a s
b u s in e s s o f V an B u r e n . S t r e e t r a ilw a y , g a s a n d e le c t r lc - llg h t fra u lu s e s
e x p ir e In 1 055.
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity
C o m m o n , $ 9 5 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 1 0 ,0 0 0 .
)5
P r e f, $ 6 5 0 ,0 0 0 ( $ 1 0 0 ) , s e e t e x t ____
_______
6 5 0 .0 0 0
C o n so l m o r t g a g e , $ 1 , 5 0 0 , 0 0 0 , f 19 0 4
5 g Q M 15 1 ,1 1 0 ,0 0 0 D e c 15 1944
g o ld ( $ 1 , 0 0 0 ) ...................... c*< I n t . a t C e n t. T r . C o ., o f 111., C h ic ., T r u s t e e .
.
( F ir s t N a t . B k .. B o s t ., or 1 st N a t . B k ., N .Y
, ,
1st m o r t g a g e , laOO.OOO, g o ld ] 1 0 0 3
5 g M -N 1 5
2 0 0 ,0 0 0 M a y 1 1 9 3 3
( $ 1 , 0 0 0 ) --------- -----------------c j I n t . a t S t . L o u is U n io n T r u s t C o ., T r u s t e e .
C o u p o n n o t e s g o ld ......................... ] _____
io %
$ 1 5 6 ,9 0 0 .........................
/K n ic k e r b o c k e r T r u s t C o ., t r u s t e e .
Stock a n d B o n d s . — T h e p r e fe r r e d s to c k Is 5 % a n d Is c u m u la t iv e a fte r
J a n . 1 1907.
h ir s t m tg e . b o n d s h a v e n o s in k in g fu n d , b u t a ll o r a n y p a r t
o f b o n d s s u b j e c t t o c a ll a f te r o n e y e a r u p o n a n y I n te r e s t d a t e .
O f t h e $ 1 .SoOO.OOO n e w c o n s o ls . $ 2 0 0 ,0 0 0 a r e r e se r v e d fo r prior lie n s a n d $ 1 9 0 ,0 0 0 are
d e p o s ite d a s s e c u r it y fo r a b o v e c o u p o n n o te s .
T h e s e b o n d s a r e s u b j e c t to
• all at 102 a n il In te r e s t a f te r 5 y e a r s .
\ s in k in g fu n d f $ 1 5 ,0 0 0 p er a n n u m
c o m m e n c e s D e c . 15 1 9 1 4 .
V . 8 0 , p . 9 9 6 . T h e c o u p o n n o tes are red eem
a b le a t 105
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s . $ 3 3 5 ,5 1 3 : n e t , $14<);936
I n te r e s t, $ 8 2 !T 0: s u r p lu s . $5 8 .-1 5 6
)« l
R O A D .— O p e r a te s 28 yt m . o f tr a c k o n 12 m ile s o f s tr e e t s In F t . S m ith
and su b u rb s.
S ta n d a r d g a u g e , 5 6 lb . a n d 6 0 -lb . T r a il.
4 6 c a r s.
O wns a
p ark o f 107 a c r e s .
A ls o g a s w o r k s for d is tr ib u t in g n a tu r a l a n d a r tific ia l g a s ,
w ith a b o u t 55 m ile s o f m a in s; a n d e le c t r ic p o w e r a n d lig h t in g p la n t — g e n
e r a tln g c a p a c it y a b o u t 1, 80 h o r se p o w e r a n d p o le lin e o f a b o u t 6 0 m ile s.
O F F I C E R S .— P r e s .. A . S . H u e y ; V . - P .. H . M . B y lle s b y ; S e c ., J a s . B rlz
zo la ra ; T r e a s .. G e o . S e n g e l; G e n . M g r ., J . W . G ille tte : A n d .. N . I. G a rriso n
M g r s.. H . M \ B y lle s b y A C o . I n c .— V . 8 3 , p . 2 1 3 ; V . 8 8 , p . 5 0 5 .
FORT WAYNE, IND.
FORT WAYNE & WABASH VALLEY TR \CTION CO.—A t r o lle y road
C o n tr o lle d b y t h e s a m e I n te r e s ts a s t h e I n d ia n a U n io n T r a c t io n , t h e O h io
E *ectr*o R y . a n d t h e T e r r e H a u te I n d ia n a p o lis A E a s t e r n .
_
— I n c o r p o r a te d In I n d ia n a o n M a y 29 1 9 0 3 a s th e
P o r t W a y n e L o g a n s p o r t L a f a y e tt e A L im a T r a c t io n C o ., b u t n a m e w a s
c h a n g e d to a b o v e o n F e b . 17 1 9 0 4 .
Is a c o n s o lid a t io n o f th o F o r t W a y n e
T fractlon C o ., th e L a f a y e tt e S t r e e t R y . , t h e L o g a n s p o r t R y . C o ., t h e L o g a n s
p o r t R o c h e s t e r A N o r th e r n T r a c tio n C o ., t h e W a b a s h R iv e r T r a c t io n Co
a n d t h e W a b a s h L o g a n s p o r t T r a c tio n C o .
in O c t . 1904 p u r c h a s e d th e F t
YVaync « s S o u t h w e s t e r n T r a c . C o ., w h ic h h a d p r e v io u s ly a c q u ir e d t h e F t
S
W a y n e E le o , L t . A P o w e r Cq . In J u ly 10 0 8 p u r c h a s e d th e F o r t W a y n e
P o w e r C o. s e e V . 7 9 , p 1 9 5 5 , 2 1 4 7 .
O w n s e n tir e c a p ita l s t o c k o f th e
H t. W a y n e B lu llt o n A M arlo n T r a c t io n C o . a n d e n t ir e c a p ita l s t o c k ($ 5 0 0 'W0> o f L a f a y e t t e A L o g a n s p o r t T r a c t o n C o ., w h ic h s e e b e lo w .
F ranchises
e x p ir e fr o m 1 9 1 5 t o 1 0 9 1 , b u t s o m e aro p e r p e tu a l
gjj
O R G A N I Z A T I O N . — In c o r p o r a te d In lo o n In I n d ia n a .
A ll t h e s to c k
Is o w n e d b y t h e F t . W a y n e A iV a lm s i V a lle y T r a c tio n C o ., w h ic h
g u a r a n t e e s t h e b o n d s , p r in c ip a l a n d I n te r e s t.
N e a r ly a ll p r iv a te r ig h t o f
w a y ; fra n ch ise In L a f a y e t t e , 5 0 y e a r s; In L m ca n sp o rt, 92 y e a r s; o t h e r s
p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ________________ __ _
$>00 0
5 g j I)
9 0 0 ,0 0 0 June" V 1 9 3 6
F ir st m o r t g e . 5 1 ,0 0 0 ,0 0 0 g o ld 1 1 9 0 6
( $ 1 ,0 0 0 ) g u a r p i .. & Int c * l l n t . a t G u a r . T r . & S . D . C o . P h l la ., T r u s t e e .
B o n d s . — R e m a in in g $ 1 0 0 ,o o o a.
. e x t e n s io n s , b e t t e r m e n t s ,
<fec., a t 85 % o f c o s t.
R O A D .— O p e r a te s 35 !/ m ile s o f tra c k fro m L a f a v c t t c . v ia D e lp h i to
L o g a n s p o r t.
7 0 - lb . r a ils .
W a s c o m p le t e d J u ly l 1 9 0 7 .
V . 8 8 , p . 3 75.
F O R T W A Y N E A S P R I N G F I E L D R A I L W A Y C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d J u ly 2 19 0 3 In I n d ia n a . V . 8 6 , p .1 0 4 2
P r iv a te r ig h t o f w a y b e t w e e n F t . W a y n e a n d D e c a t u r . F ra n ch ise fo r 50
y e a r s In D e c a t u r , 28 y e a r s In F t . W a y n e . S e e V . 8 9 . p . 1 6 2 .
S l'O C K A N D B I N D S —
D a le .
Interest
O u tsta n d in g .
M a tu r ity .
C o m m o n , 5 1 .0 0 0 ,0 0 0 t $ i 0 0 ) ................
$ 60 000
*3lMI> 0 0 g o l d l 1906
0
5 g .ll)
18 0 ,0 0 0 J u n e V i 9 2 6
($ 1 ,0 0 0 ) ................ - ............... o*j I n te r e s t a t C le v e la n d T r u s t C o .. T r u s t e e .
B o n d s . — A re s u b le c t t o c a ll a t 105 on a n v I n te r e s t d a y
E A R N I N G S .— F o r y e a r e n d in g J a n . 31 1 9 0 9 . g r o s s , $ 5 5 ,8 9 7 ; n e t , $ 2 4 ,
579; I n te r e s t a n d t a x e s , $ t ,4 0 7 : d iv id e n d , $ 1 5 ,4 0 0 ; s u r p lu s , $ 7 ,7 7 2 .
R O A D .— O p e r a te s 2 1 .0 m ile s b e tw e e n D e c a tu r a n d F t W u y n e .
T otal
tra c k 2 3 .7 m ile s.
7 > lb T rail;
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D e c a t u r t o B e r n e (1 2 m ile s) Is b e in g c o n s t r u c t e d .
O F F I C E R S . - P r e s. a n d M g r .. V
V H Fi. d d erjo ta n n n ; V . - P ., J o h n H .
K o en ig ; S e c .. B . A . F le d d e r jo h a n n ; T r e a s ., C h a s. D lr k s o n .— V . 8 6 , p . 1 042;
V . 89, p . 162.
FORT WORTH, TEXA3.
Cl f IZF-NS' RAILWAV
A I .IG 'I
»
i r a ilw a y a n d e le e t r lc lig h t .
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e x a s A u g . 28 1 0 0 6 n s a c o n s o li
d a t io n o f t h e C itiz e n s ' L ig h t & P o w e r C o . o f F t . W o r th , t h e A r lin g to n
H e ig h ts S t r e e t R y . a n d t h e F t . W o r th A R o se n H e ig h t s S t r e e t R y . C o.
V. 8 5 , p. 30.
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............ .........
$ 1 ,0 0 0 ,0 0 0 ....................
F ir s t m o r t g a g e , $1 0 0 0 ,0 0 0 / 1 9 0 6
5 g F A
5 1 1 ,0 0 0 A u g 1 1926
( $ 1 ,0 0 0 ) . g o l d ...................... c * | I n t . a t C it iz e n s ’ S a v . A T r .C o ., C le v ., T r u s .
B o n d s . — S u b je c t t o c a ll o n o r b e fo re A u g 1 19 0 9 a t p a r a n d In t. a n d o n
a n y I n t. d a t e t h e r e a f t e r a t 105 a n d I n t.
U n is s u e d b o n d s a r e r e se r v e d for
b e t te r m e n ts .
N o s in k in g fu n d .
E A R N I N G S .- - F o r 12 n i n u o s e n d ng l>
31 1 9 0 8 , g r o s s. $ 2 4 6 ,6 6 1 ;
o p e r . e x n e n s e s a n d t a x e s , 5U'-6 820; n ' *
'>
R O A D .— O p e r a te s 13 !$ m ile s o f tr a c k In F t . W o r th , I n c lu d in g lin e s
r u n n in g t o A i l ln g t o n H e ig h t s a n d R o se n H e ig h t s .
G a u g e , 4 ft. 8 1/ In.;
6 0 -lb .T a n d 7 0 - lb . g ir d e r r a il.
O w n s a n d o p e r a te s e le c t r ic lig h t in g p la n t .
O F F I C E R S . —P i e s ,, W arren Ule.< u-ll;
’ »V. O . A llen ; T r e a s ., J . F .
H a rp er: S e c . a n d G en . M g r ., A . J . D u n c a n J r . —V . 8 5 , p . 5 3 0 .
NORTHERN TEXAS ELECTRIC CO.— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e N o v . 16 1 9 0 5 a n d a c q u ir e d
s to c k o f th o N o r th e r n T e x a s T ra c tio n C o. S e c V . 8 9 , p . 4 1 1 .
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
L a st D I t
C o m m o n $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................... .......... $ 2 ,5 0 0 ,0 0 0 S e p t ’0 9 2 %
P r e f 6 % n - c 5 2 .5 0 0 ,0 0 0 ( 5 1 0 0 ) . ____
M AS
2 ,5 0 0 .0 0 0 S e p t '0 9 .1 %
S to c k .— T h o p r e fe r r e d s t o c k Is r e d e e m a b le a t 1 1 0 . $ 1 0 ,0 0 0 o f t h e $ 2 5 0 0 ,0 0 0 c o m . Is In t r e a s u r y .
B o t h c la s s e s o f s t o c k a r e lis t e d o n t h e B o s t o n
S to c k E x c h a n g e.
D iv id e n d s . — F ir s t d iv id e n d o n p r e fe r r e d . 1 % . p a id o n M arch 1 1 9 0 6 a n d
2% w a s o a ld S e p t . 1 1 9 0 6 . In 1 9 0 7 . 6%
In 1 9 0 8 . <i% (>. 1 9 0 9 , M ch 3 % '
S e p t ., 3 % .
F ir s t d i v . o n c o m m o n — 2 % — p a id S e p t . 1 1 9 0 9 .
”
’
R E P O R T .— O f c o m b in e d c o m p a n ie s for 12 m o n th s e n d in g D e c 31 1008
g r o s s. $ 1 ,0 8 0 ,5 7 7 ; n e t , 5 4 5 0 .5 2 5 : I n t e r e s t . $ 1 8 0 ,5 4 1 ; d i v id e n d s . $ 1 4 9 ,7 0 0 :
s u r p lu s , 5 1 1 1 ,2 8 4 .
V . 8 6 , p . 1 0 1 3 , 1225
O F F I C E R S .— P r e s .. G u y E . T rip p ; V .- P ., W ilb u r A . C a rter; S e c ., A lv a h
K . 1 o d d ; T r e a s .. H e n r y B . S a w y e r : ( io n . M i t s ., S t o n e A W e b s te r . B o s t o n .
— V . 8 5 , p . 469; V . 8 6 , p . 1043: V . 8 9 , p . 4 1 1 .
(1) Northern Texas Traction C o .— A tr o lle y road.
O R G A N I Z A T I O N .— T h is w a s fo r m e r ly t h e F o r t W o r th S t r e e t R a ilw a y
C o ., c h a r te r e d b y t h e T e x a s L e g is la tu r e In 1874 fo r 100 y e a r s .
In 1901
a p p lic a t io n for a m e n d m e n t t o c h a r te r w a s g r a n t e d , c h a n g in g Its n a m e t o
th e N o r th e r n T e x a s 'T ra ctio n C o .
T h e T ra ctio n C o . th e n p u r c h a s e d th e
O ily R y ., a n d In 1001 o b t a in e d l e g is la t iv e p e r m is s io n to e x t e n d Its ro a d from
F o r t W o r th t o D a lla s , a d is ta n c e o f 30 m ile s.
In 1002 p u r c h a s e d t h e D a lla s
A O a k C liff E le c tr ic R y . a n d r e d e e m e d t h a t c o m p a n y ’s b o n d s; a lso a c q u ir e d
th e G le n w o o d A P o ly t e c h n ic C o lle g e S t r e e t R y .
F ra n ch ise In F o r t W o r th
e x p ir e s In 1 0 7 3 ; in D a lla s In 1 0 4 5 a n d 1 9 20; o t h e r s b e t w e e n 19 4 5 a n d 1 9 50;
h a s p r iv a te r ig h t o f w a y o u t s id e o f c it ie s .
STOCK A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity
S t o c k $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................
Q -F
$ 3 ,0 0 0 ,0 0 0 ............................
F ir s t
m o r tg a g e
$ 2 ,5 0 0 ,0 0 0 ) 190 3
5 g J J
2 ,5 0 0 ,0 0 0 J a n . 1 1 0 3 3
($ 1 ,0 0 0 ) g o ld — n o s in k in g > l n t . a t C it iz e n s ’ S a v . & T r . C o ., C lc v e ., T r u s .
f u n d _____________________ c * )
o r a t T r u s t C o . o f A m e r ic a . N e w Y o r k .
N o t e s $ 5 0 0 ,0 0 0 ( $ 5 0 0 a n i l 1908
0
M -N
5 0 0 ,OuO M a y 1 1 0 1 1
$ 1 ,0 0 0 )
.
. . .
c ( I n t. a t C ity T r u s t C o .. B o s t o n . T r u s t e e .
B o n d s . — 1 s t m tg e . b o n d s ■ - u b le c t t o ca ll a s a w h o le on J a n . 1 1 9 0 8 , on
<
J a n . 1 1913 a n d o n a n y In t. d a t e a f te r 191 3 a t 1 0 5 a n d I n t.
N o f u r th e r m t g e .
c a n b e p la c e d o n p r o p e r ty w it h o u t e q u a lly s e c u r in g a b o v e n o t e s .
R O A D A N D E Q U I P M E N T . — O w n s a n d o p e r a te s 8 2 .8 7 m ile s o f tr a c k in
F t . W u rth a n d D a lla s Im lu lo g a n I n te r u r u a n lin e b e t w e e n t h e m .
A ll
t r a c k s In F t . W o r th h a v e be< n re -la id w ith 0 0 a n d 7 2 - lb . r a ils .
F o r In ter
u r b a n u s e 7 0 - lb . T r a ils , s ta n d a r d g a u g e ; 113 c a r s.
FREDERICK MARYLAND.
FR E D E R IC K & M IDDLETOW N R A ILR O A D .— A trolley road.
In 1007 t h e F r e d e r ic k I n te r u r h a n B i t . w a s I n c o r p o r a te d for t h e p u r p o s e
o f c o n s o lid a t in g t h is c o m p a n y a n d t h e JelT crson & B r a d d o c k H e ig h t s R R .
T h e n e w c o m p a n y . It Is t h o u g h t , w ill h a v e a c a p ita l o f $ 1 ,0 0 0 ,0 0 0 , a n d w ill
Issu e $ 1 ,0 0 0 ,0 0 0 b o n d s .
S e e V . 8 4 , p . 1 4 2 7 . C o m p a n y n o t y e t o r g a n iz e d ,
n o r h a s It a c q u ir e d a n y p r o p e r ty .
O R G A N I Z A T I O N .— I s s u c c e s s o r In 190(5 t o t h e F r e d e r ic k & M id d le to w n
E le c tr ic R y .
T h e o ld c o m p a n y In A u g . 1901 le a s e d t h e M y e r s v llte &
C a to e tln E le c tr ic R y . for 10 y e a r s fro m F e b . 1 1 9 0 4 , o n w h ic h d a t e t h e o ld
le a s e e x p ir e d .
F o r te r m s o f le a s e s e e V 7 3 . p . 2 8 7 .
STOCK A N D B O N D S —
D ate.
in te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 2 5 0 ,0 0 0 .............. _ .......................................................
$ 2 5 0 ,0 0 0 .........................
F ir s t
m o r tg a g e ,
$ 2 5 0 ,0 0 0 ) 19 0 0 5 g J -J
2 5 0 ,0 0 0
1930
g o ld ( $ 1 ,0 0 0 ) ____________ c l F id e lit y T r u s t C o ., B a lt im o r e , T r u s te o .
B o n d s a r c s u b l e c t t o c a ll a t 10 5 a t a n y in te r e s t p e r io d .
R O A D .— F r e d e r ic k t o M id d le to w n , 9 m ile s; w h ic h , w it h t h e le a s e o f th e
M y c r s v lllc & C a to e tln E le c tr ic .M y e r s v llle to M id d le to w n , 5JS m ile s , m a k e s
a t o ta l o f 14 K m ile s o p e r a te d .
O F F I C E R S .— P r e s ., E m try L . C o b le n tz ; V . - P ., W . L . C o o n e y : S e c .,
E . W . H a rth o a t; T r e a s ., T h u s . H . H a ll e r .— V . 8 4 , p . 1 4 2 7 .
FREEPORT, ILL.
FREEPORT RAILWAY LIGHT & POWER CO.
O R G A N I Z A T I O N .— F ranchises e x p ir e M arch 1 1 9 2 3 .
H a s tr a f f ic
a r r a n g e m e n t for 50 y e a r s w ith t h e R o c k fo r d & I n te r u r b a n R y C o ,
a llo w in g c a r s o f t h a t c o m p a n y t o e n t e r F r e e p o r t. A ls o h a s c o n t r a c t for
c it y lig h t in g .
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 2 0 0 ,0 0 0 .........................
P r e f 5 % n -c $ 1 5 0 ,0 0 0 ( $ 1 0 0 ) . .........................................
1 5 0 ,0 0 0 .........................
F ir s t m o r tg a g e $ 3 5 0 ,0 0 0 g o ld 1 19 0 3
5 g M -N
34 ,0 0 0
Sec t e x t.
( $ 1 , 0 0 0 ) _________ _______ c * l A m e r ic a n T r . tc S a v . B k ., C h ic a g o , T r u s te e .
B o n d s . — I n t e r e s t o n t h e a h iv e Issu e Is p a y a b le a t t h e o f fic e s o f R u d o lp h
K lc y b o ltc & C o. In N e w Y o r k , C in c in n a ti a n d C h ic a g o .
B o n d s a rc s u b j e c t
t o c a ll a f te r M ay 1 1 0 1 3 b y lo t a t 105 a n d I n te r e s t.
$ 1 0 ,0 0 0 h a v e b e e n
r e tir e d . M a tu r ity o f t h e b o n d s Is a s fo llo w s : $ 5 ,0 0 0 d u e In e a c h o f t h e y e a r s
1 9 1 0 , 1912 a n d 1913 a n d $ 5 ,0 0 0 a n n u a lly fro m 1915 to 1921 I n c lu s iv e , th e
r e m a in d e r In 1 9 2 2 .
A s in k in g fu n d p r o v id e s fo r t h e p a y m e n t o f $ 2 ,0 0 0
p e r a n n . fo r first 10 y e a r s a n d $ 5 ,0 0 0 p er a n n . t h e r e a f t e r .
E A R N I N G S .— F o r c a le n d a r v e a r 1 9 0 8 , g r o s s , $ 8 0 ,8 6 3 ; n e t , $ 2 5 ,5 3 2 .
R O A D .— O p e r a te s 9 m ile s o f tr a c k : 0 0 a n d 9 0 - lb . T r a il. S t a n d a r d g a u g o .
O F F I C E R S .— P r e s , a n d G en . M a n ., A . J . G o d d a r d ; V . - P . , F r e d . D o rm o n ; S e c ., W . N . C r o n k rltc: T r e a s ., W . J . S m it h .
FRESN O, CAL.
FRESNO TRACTION CO.—A trolley road.
(1) G a lv e s to n E le c tr ic C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e x a s o n M a y 1 1 0 0 5 a s s u c c e s s o r
to th e G a lv e s to n C it y R y .
Sec V. s o , p. 1971.
D o e s th e e n tir e e le c t r ic
r a ilw a y a n d p a r t o f t h e e le c t r ic lig h t in g b u s in e s s o f th e c it y . F ra n ch ise
e x p ir e s In 1 9 5 0 . S u b s t a n t ia l ly a ll th e s t o c k Is o w n e d b y th e G a lv e s to n H o u s to n E le c tr ic Co
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
...................... $ 1 ,0 0 0 ,0 0 0 .... ..................
P r e f 6 % n -c $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
6 M S
5 0 0 ,0 0 0 S r p t ’0 9 , 3 %
m o r t g a g e $ 2 ,5 0 0 ,0 0 0
1905
5 g M -N
1 , 5 7 ,0 0 0 M ay 1 1 9 4 0
F ir s t
g o ld ( $ 1 ,0 0 0 ) ------------------- c * ( I n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e ,
_
l o r a t c o m p a n y ’s a g e n c y In N e w Y o r k .
S to ck a n d B o n d s . — $ 1 5 0 ,0 0 0 L h
d rep . i«.-o u o a i d i n g I I t u a s u r y
of com p an y.
O f t h e b o n d s $ 1 ,3 3 9 0 0 0 r e se r v e d fo r a d d it io n s a n d I m p r o v e
m e n ts a t 80% o f c o s t.
$ 4 ,0 0 0 a r e In t h e t r e a s u r y .
A s in k in g fu n d o f 1 M %
o f b o n d s c e r tifie d b e g in s J u ly 1 1 9 0 6 , If e a r n e d , a n d o n J u ly 1 1911 b e c o m e s
a fix e d c h a r g e .
B o n d s a r c s u b j e c t t o c a ll a s a w h o le o n a n y I n te r e s t d a t e
a t l i p a n d I n te r e s t o n 3 0 d a y s ’ n o t ic e .
See V . 81, p. 975.
R O A D .— E m b r a c e s 3 4 .1 9 m ile s o f t r a c k . S t a n d a r d g a u g e .
6 0 - lb . r a il.
H a s 62 c a r s.
E A R N I N G S .— F o r 12 m o n t h s e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 3 5 6 ,2 7 6 : n e t ,
$ 1 4 1 ,8 7 4 ; I n t e r e s t a n d t a x e s , $ 6 8 ,3 3 7 ; d iv id e n d s ( 6 % ) , $ 2 1 ,0 0 0 : s u r p lu s ,
$ 5 2 ,5 3 7 .
O F F I C E R S .— P r e s .. G u y E . T r ip p ; 1 s t V . - P ., E lio t W a d s w o r th ; 2d
V .- P ., W ilb u r A . C a rter; S e c ., C le m e n t R . F ord ; T r e a s ., H e n r y B . S a w y e r ;
G en . M g r s., S t o n e & W e b s te r . B o s t •••
V . 8 1 . p . 97 5 : V . 8 5 , p . 5 9 9 .
(2) C la ly e s t o n - H o u s t o n E le c tr ic R y — A t r o lle y r o a d .
•
— I n c o r p o r a te d In T e x a s o n A p r il 17 1 9 0 7 w it h
$ 3 ,0 0 0 ,0 0 0 c a p ita l s t o c k ( $ 1 0 0 ) , to b u ild a n In te r u r b a n e le c t r ic r a ilw a y
b e tw e e n G a lv e s to n a n d H o u s t o n , a d is ta n c e o f a b o u t 5 0 m ile s .
P r iv a te
r ig h t o f w a y h a s b e e n o b t a in e d a n d a c t u a l c o n s tr u c t io n w ill p r o b a b ly b e
b e g u n a s s o o n a s c a u s e w a y n o w u n d e r c o n s tr u c t io n b e tw e e n m a in la n d a n d
t h e I s la n d o f G a lv e s to n h a s b e e n c o m p le t e d .
O n M a y 14 1 9 0 7 t h e s t o c k
h o ld e r s a u t h o r iz e d a n Issu e o f $ 5 ,0 0 0 ,0 0 0 b o n d s fo r c o n s tr u c t io n p u r p o s e s .
B o n d s w ill b e g u a r a n t e e d b y G a lv .- H o u s t . E le c . C o . N o b o n d s Issu ed u p
to O ct 1909.
V . 84, p. 1247.
V s - 0 60o, 654.
(3) H o u s to n E le c tr ic C o m p a n y .— n ( le y .
O R G A N I Z A T I O N .— C h a rte r e d a t A u s t in , T e x . , o n O c t . 26 1 9 0 1 , a n d Is
s u c c e s s o r to t h e H o u s to n E le c tr ic S t r e e t R a ilw a y C o ., s o ld a t fo r e c lo su r e
O c t. 1 9 0 1 . C o n tr o ls a ll t h e s t r e e t r a ilw a y s In H o u s to n .
F ra n ch ise o r ig in
a lly ran u n t il O c t . 23 1 9 2 5 , b u t in J a n . 1 9 0 3 w a s e x t e n d e d 10 y e a r s; fo r
te r m s , s e e V . 7 6 , p . 1 5 8 .
In D e c . 19 0 5 s o ld $ 5 0 0 ,0 0 0 n e w p r e fe r r e d s t o c k
to s to c k h o ld e r s a t p a r . V . 8 1 , p . 1 7 9 5 .
S u b s t a n t ia l ly a ll t h e s t o c k Is
o w n e d b y t h e G a lv e s t a n - H o u s t m E le c tr ic C o.
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . .............................. ..................$ 2 ,0 0 0 ,0 0 0
P r e f 6 % n -c $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
F -A
1 .0 0 0 ,0 0 0 A u g ’6 : ) ,3 %
F ir st m o r t g a g e
$ 2 , 5 0 0 ,0 0 0 ) 1 9 0 0
5 g F -A
2 . ( 3 6 , 0 0 0 A u g . 1 19 2 5
g o ld ( $ 1 ,0 0 0 ) s in k fu n d . . c * l I n t. a t I n t e r n a t io n a l T r u s t C o ., B o s t o n , T r u s .
B o n d s . — $ 3 6 4 ,0 0 0 a r e r e s e r v e d for e x t e n s i o n s a n d I m p r o v e m e n ts a t 80 %
of c o st.
E n tir e Issu e, b u t n o t a n y p a r t, c a n b e c a lle d o n a n d a f te r \ u g . 1
191 0 a t 107 \ i a n d in t.
S in k in g fu n d o f 1 yi % o f b o n d s o u t s t a n d in g p a y a b le o n A u g . 1 e a c h y e a r .
S e e V . 7 4 , p . 6 8 0 ; $1 6 ,0 0 0 w a s h eld b y th is fu n d o n M ch . 31 l-io o .
D iv id e n d s .— D iv id e n d o n p r e fe r r e d s to c k d u e A u g . 19 0 4 a n d F e b 1 0 0 5
w a s p a s s e d b e c a u s e o f s t r ik e a n d b o y c o t t; t h e s tr ik e w a s te r m in a te d O c t . 11
19 0 4 (V . 7 9 , p . 1 7 04) a n d d iv id e n d s w e r e r e su m e d o n A u g . 1 1 9 0 5 . w h e n
3% w a s p a id .
I n 1 9 0 6 , 6 % ; In 1 9 0 7 , 6 % : in 1 9 0 8 , 6 % ; In 1 9 0 9 , F e b .. 3 % ;
A u g ., 3 % .
R O A D .— C o m p r ise s 4 9 .7 7 m ile s o f t r a c k .
S t a n d a r d g a u g e . 4 5 t o 9 6 - lb .
r a il.
O p e r a te s 141 c a r s.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 7 3 2 ,1 7 1 ; n e t ,
$ 3 1 9 ,3 6 6 : I n t e r e s t a n d t a x e s , $ 1 3 5 ,1 9 8 ; s in k in g fu n d , $ 3 1 ,6 1 1 : d iv id e n d s
( 6 % ), $ 6 0 ,0 0 0 ; s u r p lu s , $ 9 2 ,5 5 7 .
O F F i C E R S . — P r e s ., G u y E . T r ip p : V . - P ’s M a rsh a ll M . P h ln n e y a n d
H e n r y J . B r a d le e ; S e c ., C le m e n t R . F o rd : T r e a s .. H e n r y B . S a w y e r : A g t s .,
S t o n e & W e b s te r . B o s t o n .— V . 8(
'~ o s: v . 8 5 , p . 6 0 0 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia In 1 9 0 3 In t h e I n te r e s t o f
I I . E . H u n t in g t o n o f L o s A n g e le s , to b u ild 190 m ile s o f e le c t r ic r a ilw a y . In
e lu d in g lin e s fro m F r e s n o to W a w o n a , 79 m ile s; F r e s n o t o S e lm a . F r e s n o to
G A R D N fc K , m a s s .
T r im m e r ’s S p r in g s a n d F r e s n o to C e n tr a l a n d W a s h in g to n C o lo n ie s.
S to ck
G A R D N E R W E S T M I N S T E R & F I T C H B U R G S T R E E T R Y .— In D e c .
h o ld e r s In 1004 a u t h >rlzed a in tg e t o s c c u r e $ 5 .0 0 0 ,0 ( ) 0 b o n d s. V . 7 8 . p . 1222
1 8 9 9 a b s o r b e d t h e G a rd n e r E le c tr ic S tr e e t R y .
STOC < A N D B O N D S —
D ate.
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M a tu r ity
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s t o c k , $ 5 ,0 0 0 ,0 0 0 ...................................................................... $ 5 ,0 0 0 ,0 0 0
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R O A D .— O w n s 12 m ile s o f m a in tr a c k from G a r d n e r , th r o u g h S o u t h
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, , c a s in . lug fu n d o f $ 3 ,o o 0 p e l a n n u m lo r
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i la ri. 1 1 9 0 5 .
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I n F itc h b u r g & L e o m in s t e r S t r e e t R y .; a lso c o n s tr u c t e d a b r a n c h lin e to
W a c h u s e tt L a k e , w h ic h w a s o p e n e d for tr a f f ic on M ay 26 19 0 0 b u t N o p e r
t e r e s t p a y a b le In N e w Y ork a n d S a n F r a n c is c o .
In S e p t . 19 0 8 w a s a u th o r iz e d to c a r r y
R O A D .— T h e o ld F r e sn t 'l t y R y (w h ic h t h e F r e s n o T r a c t io n o p e r a te s a t e d a3 a s u m m e r b r a n c h o n l y .
2 6 c a r s.
u n d e r le a s e ) h a s 15 m ile s ’
> k In a m i a b o u t F r e s n o . S t a n d a r d g a u g e , f r e ig h t a n d b a g g a g e . T o t a l , 16 m ile s .
E M I N I N G S . — F r v. ai 1
pi
3 0 1 9 ( 8 . g r s s <-62 591 n e t .
0 1 -P ' " ••nil.
$ 2 1 ,0 8 7 : c h a r g e s. $ 1 3 8 3 7 : d iv id e n d . $ 3 , 7< 0: s u r p lu s . 7 3 .5 5 0 .
O F F I C E R S .— P r e s ,, A . C. B a tch ; V . P . a n d M g r ., A . G . W ls h o n ; S e c .
O F F I C E R S .— P r e s ., E . F . B lo d g e t t. L e o m in ste r : V . - P . , G eo . R . D a m o n ,
W . E . D u r f c y , F r e s n o .— V 7 6 . p. 1192: V 7 7 . p . 1 7 46; V . 7 8 , p . 1 2 2 2 .
L e o m in ste r ; S e c ., T r e a s . a n d G en . C o u n s e l, J a m e s A . S t ile s , G a rd n er: A s s t .
T r e a s ., W a lte r R . D a m e , C lin to n
'• no p 1 2 4 7
GADSDEN, ALA.
A L A B A M A C IT Y G A D S D E N & A T T A L L A R Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d e r a s p e c ia l c h a r te r fr o m t h e S t a t e
o f A la b a m a .
O p e r a te s , b e s id e s s tr e e t r a ilw a y , a lig h t p l a n t , a n Ice p la n t ,
and a coal y ard .
STOCK A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .................
.
___________
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( $ 1 , 0 0 0 ) ........................... ..
.1 I n te r e s t a t T r u s t C o . o f A m c r ., N . Y . T r u s t
B o n d s . — T h e u n is s u e d b o n d - a r e r e se r v e d fo r fu r th e r a d d it io n s a t 9 0 %
o f c o st.
N e w b o n d s a r e s u b j e c t to c a ll o n a n y I n te r e s t d a t e a t 1 0 5 .
R O A D .— O p e r a te s 11 m ile s o f t r a c k , c o n n e c t in g t h e p o in t s n a m e d In t h e
t it le .
S ta n d a r d g a u g e , 40 II. T ra il.
A n e x t e n s io n o f 5 m ile s t o N o c c a lu la
F a lls w a s b u ilt , b u t Is n o t n o n In o p e r a tio n .
O F F I C E R S .— P r e s ., G . II S c h u le r . B ir m in g h a m ; S e c ., R . D. Carver,
B ir m in g h a m ; T r e a s ., E . T . S c h u le r . G a d s d e n .— V . 8 3 . p . 8 1 7 .
G A L E SB U R G , IL L .
PEOPLE’S TRACTION C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is o n M a y 2 3 1 9 0 1 .
STOCK A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S to c k $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................................................
$ 1 5 0 ,0 0 0 ........................
F ir s t m o r tg a g e $ 1 5 0 ,0 0 0 g o ld ) 19 0 2
5 g M S
1 5 0 ,0 0 0 M cli. 1 1922
( $ 1 0 0 ) .................................c * & r .i I n te r e s t a t F a r m e r s ’ & M cch . B k .. G a le s b u r g
B o n d s . — A r e s u b j e c t t o c a ll a f te r 10 y e a r s a t 1 0 5 . L . A . T o w n s e n d Is
tr u s te e
R O A D .— O p e r a te s 12 H m ile s o f tr a c k fr o m G a le s b u r g t o A b in g d o n .
S ta n d a r d g a u g o .
6 0 - lb . T ra il.
O F F I C E R S .— P r e s ., A . P . lig g ln s ; S e c . a n d T r e a s ., C h a s. S . H arris;
M a n a g in g E n g in e e r s , K n o x E n g in e e r in g C o ., F is h e r B u ild in g , C h ic a g o .
— V . 7 5 , p 1232
GALVESTON, TEXA S.
GALVESTON-IIOUSTON ELECTRIC C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— In c o r p n r a te d In M ain e o n M a y 8 1 9 0 7 . C o n tr o ls
th r o u g h o w n e r s h ip o f s to c k th e G a lv e s to n E le c tr ic C o ., t h e H o u s to n E le c
C o. a n d t h e G a lv e s to n H o u s to n E le c . R y . C o . T h e s to c k o f t h e tw o fo rm e r
c o m p a n ie s h a s b e e n e x c h a n g e d for a lik e a m o u n t o f t h is c o m p a n y ’s s to c k
5 19 5 ,3 0 0
p r o f ., w h ic h Is
STO C K A N D B O N D S —
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I.ast D iv.
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ........................... __
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aro lis t e d o n B o s t o n S t o c k E x c h a n g e .
U n is s u e d p r e f. a n d c o m . a r c r e
s e r v e d fo r e x c h a n g e o f a n e q u a l a m o u n t o f p r e f. a n d c o m . o f G a lv . E le c . C o .
a n d H o u s to n E le c . C o.
D iv id e n d s.— F ir s t d iv id e n d o n p r e f,— 3 % — S e p t . 1 9 0 7 . I n 1 9 0 8 , 6 % .
I n 1 9 0 9 , M o h ., 3 %: S e p t ., 3 % .
O n c o m ., 1st d iv . — 1 u % — S e p t. 1 9 09.
E A R N I N G S .— O f c o m b in e d c o m p a n ie s fo r 12 m o n th s e n d in g D e e . 31
1 9 0 8 , g r o s s , $ 1 ,0 8 8 ,4 4 7 ; n e t . $ 1 6 0 ,4 7 4 ; In t. & t a x e s , $ 2 1 3 ,0 6 6 ; s in k in g fu n d ,
S S I .O il; d iv id e n d , $ 0 9 ,1 0 6 ; b a la n c e , $ 1 4 0 ,0 9 1 .
R O A D S .— C o n tr o ls 8 3 .0 0 m ile s o f tr a c k .
O F F I C E R S .— P r e s ., J o s e p h S . L o v e r in g ; V . - P ., C h a s. E . A ld r ich J r .;
S c o ., C le m e n t R . F ord : T r e a s .. H e n r y B . S a w y e r ; G e n . M g r s., S t o n o &
W e b s to r . B o s t o n .— V . 8 9 , p . 5 9 3 .
. . ,.j .ta l
-ij .ra
GENEVA, N. Y .
G E N E V A & A U B U R N R Y — T r o lle y .
O R G A N I Z A T I O N .— C h a rte r e d M arch 18 1 8 9 5 a s a c o n s o lid a t io n o f t h e
G e n e v a & W a te r lo o a n d o th e r c o m p a n ie s .
O w ns th e C ayu ga L ak e P ark
p r o p e r ty o f 50 a c r e s .
V . 6 0 , p . 562
In S e p t . 1 9 0 9 n a m e o f c o m p a n y w a s
c h a n g e d fro m G e n e v a W a t e r lo o S e n e c a F a lls & C a y u g a L a k e T r a c tio n
to th e a b o v e .
STOCK A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
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$ 1 ,0 0 0 ) , g o l d . . ........... .. ,c* J I n t . a t W e s t (Ond T r u s t C o .. P h lla ., T r u s t e e .
G e n e v a & A u b m tg e $ 2 ,5 0 0 ,-1 1 9 0 9
5 g A -O
S e e t e x t A p ril 1 193 9
0 0 0 ($ 5 0 0 & $ 1 ,0 0 0 ) g . c & r / l n t . a t W e s t E n d T r u s t C o ., P h l la ., T r u s t e e .
B o n d s . — $ 5 0 ,0 0 0 o f 1 s t m t g e . b o n d s a r e u n is s u e d . I n t e r e s t o n b o n d s w a s
f o r m e r ly 6 % , b u t In 1 9 0 0 r a te w a s r e d u c e d b y c o n s e n t o f b o n d h o ld e r s to 4% .
O f t h e n e w m t g e . $ 4 0 0 ,0 0 0 m ay’ b e u se d u n d e r o r d e r o f P u b . S e r . C o m m ,
t o r e tir e 1 s t 4 s a n d $ 1 0 0 ,0 0 0 fo r a d d i t io n s , a c q u is it io n s , & c. V . 8 9 , p . 7 2 1 .
B o n d s a r e s u b j e c t to c a ll o n a n d a f t e r A p ril 1 19 1 4 a t 1 0 5 a n d I n t.; s . f . o l
M o f 1% b e g in s A p ril 1 1 9 1 4 .
R O A D . —T h e ro a d e x t e n d s fro m G e n e v a t o C a y u g a L a k e P a r k , t h r o u g h
W a t e r lo o a n d S e n e c a F a lls , 17 m ile s; s id in g s , M m ile .
A n e x te n s io n fro m
S e n e c a r a i l s , th r o u g h v illa g e o f C a y u g a , t o A u b u r n , a d is t a n c e o f a b o u t 12
m ile s , c r o s s in g C a y u g a L a k e o n b r id g e a m ile lo n g . Is p r o p o s e d .
R a lls
7 0 - lb . g ir d e r a n d 6 0 - ib . T . T r a c k , s ta n d a r d g a u g e .
O p e r a te s 2 5 m o to r
c a r s, 8 tra il c a r s, 1 s n o w p lo w , 1 s w e e p e r .
E A R N I N G S .— F o r fisc a l y e a r e n d in g J u n e 30:
Y ea r.
G ross.
N et
O ther In c . I n t.& T a x .
S u r p lu s .
1008
$ 9 5 ,8 4 8
$ 4 0 ,3 1 7
$1 3 1
$ 2 3 ,3 1 4
$ 1 7 ,1 3 4
1907
9 7 ,1 4 8
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..
2 2 .0 5 6
''1 8 7 8
1906
9 0 .2 2 5
3 5 ,4 6 0
529
2 2 .0 7 8
13 011
O F F I C E R S .— P r e s ., F r e d e r ic C u lv e r , N e w Y o rk ; V c e -P r e s , a n d G en
M g r ., W . C . G r a y . S e n e c a F a lls: S e c . . G r a n v ille W h i t t l e s e y , N e w Y ork T r o a s ., G e o . B . C o r n e ll, N e w Y o r k .— v . 8 0 , p . 2 3 4 4 ; V . 8 4 , p . 51; V . 8 9 ,p .7 2 1 .
G IR A R D V IL L E , P A .
S C H U Y L K IL L R A IL W A Y CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia o n J u ly 2 0 1 9 0 3 a n d
u r c h a se d t h e p r o p e r ty o f t h e S c h u y lk ill T r a c t io n C o . a n d t h e L a k e s id e R y
s till u n.e x c h ap . g c d .2 9 .
o.
V 80 . n 17
STO C K A N D B O N D S —
D ate
In terest. O u tsta n d in g .
M a tu r ity .
$ 4 0 0 ,0 0 0
.
S t o c k $ 4 0 0 ,0 0 0 ( $ 5 0 ) ........................................................ ..
1 st c o n s m tg e , $ 1 ,4 5 0 ,0 0 0 , g l 1 0 0 5
5 g A -O
5 4 0 ,0 0 0
193 5
( $ 5 0 0 a n d $ 1 .0 0 0 ) ..............c * / l n t . a t F id e lit y T r . C o , P h lla ., T r u s t e e .
B o n d s . — O f t h e $ 1 ,4 5 0 ,0 0 0 a u t h o r iz e d . $ 8 0 5 ,0 0 0 a re r e se r v e d t o retir e
t h e u n d e r ly in g lie n s In s t a t e m e n t b e lo w .
A re s u b j e c t t o ca ll b e fo r e 191 0
a t 105; th e r e a f t e r a t p a r a n d In ter e st
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 2 0 0 ,4 8 0 ; o p e r
a t in g e x p e n s e s , In c lu d in g t a x e s a n d I n s u r a n c e , $ 1 0 4 ,3 0 0 ; n e t . $ 1 0 2 18 0 '
I n t e r e s t , $ 6 8 ,5 0 0 ; s u r p lu s , $ 3 3 ,6 8 0 .
O F F I C E R S .— P r e s ., G . H . G er b e r , R e a d in g ; V . - P ., J . C . B id d le . F o u n
ta in .Springs; S e c ., M a c IIe n r y W ilh e lm , A s h la n d : 'T rea s., D . J . I .a n g t o n .
S h e n a n d o a h . V . 8 0 , p . 1 7 2 9 ; V . 8 2 , p. 1 1 57: V . 8 7 , p . 2 8 6 .
(1) S c h u y lk ill T r a c t i o n C o .— A t r o l le y r o a d .
O R G A N I Z A T I O N .— C h a rte r e d S e p t . 26 1 8 0 2 . In p e r p e t u it y , u n d e r t h e
M o to r T r a c tio n A c t o f M arch 22 1 8 8 7 .
R oad opened Ju n e 1 1893.
On J a n .
6 1 8 0 3 le a s e d fo r 9 9 0 y earn t h e M a h a n o y C ity S h e n a n d o a h G lr a r d v llle <
&
S
A s h la n d S t r e e t R a i lw a y .
O n O c t . 5 18 9 3 le a s e d f o r 9 9 9 y e a r s t h e A s h la n d
L o c u s t d a le & C e n tr a lla E le c . R y .
O w n s a ll t h e s t o c k o f t h e s e tw o r o a d s ,
w h ic h Is p le d g e d u n d e r t h e fir st m o r t g a g e .
O n A p r il 2 7 1 9 0 0 le a s e d fo r 9 9 9
y e a r s t h e L a k e s id e R y . , w h ic h c o n n e c ts t h e t w o e n d s o f t h e c o m p a n y ’s
r o u t e s fr o m M a h a n o y C it y t o S h e n a n d o a h a n d p u r c h a s e d 2 ,6 0 0 o f t h e 5 ,0 0 0
s h a r e s o f t h e c a p it a l s t o c k .
O n J a n . 24 1901 le a s e d t h e S h e n a n d o a h &
P o t t s v i ll e S t r e e t R y . fo r 9 9 9 y e a r s (In c o r p o r a te d A u g . 1 1 9 0 0 ) , a n d fr o m
P o t t s v l l l e t o S h e n a n d o a h . 13 m ile s , a n d b o u g h t a ll Its c a p ita l s t o c k . T h e
L a k e s id e S h e n a n d o a h & P o t t s v . s t o c k Is p le d g e d u n d e r c o n s o l, m t g e .
S T O C K A N D B O N D S — M ile s . D ate. Interest.
O utsta n d in g . M a tu r ity .
1 s t M , $ 5 0 0 ,0 0 0 , g . $ 5 0 0 ) 2 2 1 4
1893
5 g A -O
$ 5 0 0 ,0 0 0 A p r il 11943
& $ 1 ,0 0 0 , s f $ 1 0 ,0 0 0 M n t e r c s t Is p a id a t E q u lt . T r . C o ., T r u s t e e , P h lla .
y ’ly a f te r A p r ’9 8 .c * J B o n d s m a y b e p u r c h a s e d fo r s in k in g fu n d a t 1 0 5 .
1 s t m t g e , L a k e s id e R y , ] 5>4
1893
4 g M -N
1 5 0 ,0 0 0 N o v 1 1 9 2 3
g , $ 1 5 0 ,0 0 0 , g u a r b y j-I n te r e s t a t E q u it a b le T r u s t C o ., P h ila d e lp h ia ,
S c h u y lk ill T r a c t io n . . J T r u s t e e .
N e w c o n m t g e , $ 2 ,0 0 0 ,-1 . .
1901
4 ) 4 g J -J
* 1 0 5 ,0 0 0 J u l y 1 1951
0 0 0 ( $ 1 ,0 0 0 ) , g — c * J I n t e r e s t a t F id e lit y T r u s t C o ., P h l la ., T r u s t e e .
• T h e s e b o n d s , It Is s t a t e d , w ill b e r e d e e m e d In t h e n e a r f u tu r e .
B o n d s .— O f t h e $ 1 0 5 ,0 0 0 c o n s o ls r e p o r te d o u t s t a n d in g , $ 3 0 ,0 0 0 a r e h e ld
In t h e t r e a s u r y .
B o n d s are s u b j e c t t o c a ll a t a n y t im e a t 105 a n d I n t e r e s t .
S in k in g f u n d o f 1 % o f b o n d s o u t s t a n d in g b e c o m e s o p e r a t iv e o n A u g . 1 1 9 0 7 .
R O A D .— S c h u y lk ill T r a c t io n D iv is io n 22 )4 m ile s o f t r a c k , b e g in n in g a t
L o c u s t d a le , th e n c e th r o u g h A s h la n d , H o lm e s v llle t o G IrardvIU e, f o r m in g
th e r e a Y o n e b r a n c h r u n n in g th r o u g h L o s t C reek t o S h e n a n d o a h a n d t h e
o t h e r b r a n c h t o M a lz e v lllc , G ilb e r to n a n d M a h a n o y C it y .
L a k e s id e D i
v is io n 5 J4 m ile s . T o t a l 2 8 m ile s .
6 0 a n d 7 0 - lb . T r a il.
E x t e n s io n s o f 4 3
m ile s p r o p o s e d a n d c h a r te r s o b t a in e d
O p e r a te s 51 m o to r c a r s , 4 w o r k
cars and 2 sn o w sw eep ers.
E x t e n s iv e I m p r o v e m e n t s h a v e b e e n m a d e .
— V. 80, p. 1729.
G R A N D R A P I D S , M IC H .
GRAND RAPIDS RY.—Trolley.
O R G A N I Z A T I O N , & c .— I n A p ril 1 9 0 0 w a s In c o r p o r a te d a s a s u c c e s s o r
c o m p a n y to t h e C o n so lid a te d S t r e e t R y . a n d t h e N o r t h P a r k S t r e e t R y . ,
a n d o w n s a ll t h e s tr e e t r a ilw a y p r o p e r tie s o f G ra n d R a p id s a n d v i c i n i t y .
F ra n ch ise s e x p ir e In 1 9 1 9 , In 1 9 2 0 a n d In 1 9 2 1 .
STO C K A N D B O N D S —
D ate.
In te re st
O u tsta n d in g .
M a tu r ity .
S t o c k c o m $ 2 .0 0 0 ,m )0 ( $ 1 0 0 ) ................
Q -M
$ 2 ,0 0 0 ,0 0 0 S e p t ’0 9 , 1 %
P r e f $ 2 ,0 0 0 ,0 0 0 cu m 5% ($ 1 0 0 )
Q F
1 ,5 0 0 ,0 0 0 A u g ’0 9 , I H
G ra n d R a p R y C o 1st m t g e l 1900
.
.
,
5 g J -D
3 , 3 7 2 ,0 0 0 J u n e 1 1916
$ 3 ,5 0 0 ,0 0 0 g e ld ($ 1 ,0 0 0 ) c * j l n t c r e s t a t N e w Y o r k T r u s t C o ., T r u s t e e .
B o n d s. <
fee.— O f t h e n e w m o r tg a g e fo r $ 3 ,5 0 0 ,0 0 0 , $ 1 2 3 ,0 0 0 h a v e b e e n re
t ir e d b y s in k in g fu n d .
S in k in g f u n d b e c a m e o p e r a t iv e o n O c t . 1 1 9 0 5 ,
p a y a b le 1% o f b o n d s o u t u p to O c t . 1 1 9 1 0 , th e n 2% u p to 1 9 1 5 (se e
v . 7 0 , p . 1 1 4 9 ).
B o n d s c a n n o t b e c a lle d .
See V . 7 2 , p . 1187.
Bonds
a r e lis t e d o n N e w Y o r k S t o c k E x c h a n g e .
D iv id e n d s .— D iv id e n d s o n p r e fe r r e d s to c k a r e c u m u la t i v e a n d 1 J4 %
q u a r t e r ly h a s b e e n r e g u la r ly p a id u p to a n d I n c lu d in g A u g . 1 1 9 0 9 . T h e
fir s t d iv id e n d o n c o m m o n — 1 % — w a s p a id S e p t . 1 1 9 0 6 a n d 1% w a s a g a in
p a id D e c . 1 1 0 0 6 . I n 1 9 0 7 , 4 % ; In 1 9 0 8 ,4 % ; 1 9 0 9 , M c h ., 1 % ; J u n c , l % ;
S e p t .. 1 % .
E A R N I N G S .— F o r c a le n d a r y e a r s:
Y ear—
G ross.
N e t.
Charges.
P r e f. D lv .
B a t., S u r .
1 9 0 8 ________ $ 9 4 0 ,6 4 5
$ 1 6 9 ,6 6 0
$ 2 2 6 ,9 4 9
(5 %) $ 7 5 ,0 0 0
$ 1 6 7 ,7 1 1
4 8 8 ,4 6 8
213.008
(5 % ) 75,000
1 9 0 7 .............. - 9 4 4 ,9 16
200,460
2 0 5 ,4 6 0
4 0 2 ,1 3 6
1 9 0 6 ................. 0 1 0 ,0 2 8
(5 % ) 7 5 ,0 0 0
1 8 1 .6 7 6
4 2 7 ,8 9 0
1 9 6 ,2 6 0
(5 % ) 7 5 ,0 0 0
1 9 0 5 ................. 8 2 0 ,4 6 9
1 5 6 ,6 3 0
121 m o to r c a r s
R O A D .— O w n s a n d o p e r a te s 6 5 .1 3 m ile s o f t r a c k .
a n d 28 tr a ile r s .
O F F I C E R S .— P r e s .. C la r e n c e M . C la r k , P h lla .; V .- P . L e s t e r J . R I n d g e ,
S e c r e t a r y , G . L . E s te r b r o o k , P h ila d e lp h ia ; T r e a s u r e r a n d G e n e r a l M a n a g e r ,
B . S . H a n c h c t t , G ra n d R a p id s; A s s t . S e c ., L . J . D e L a m a r tc r .— V . 8 1 , p .
2 2 0 , 74 9 : V . 8 5 , p . 4 0 .
G R A N D R A P ID S G R A N D H A V E N & M U S K E G O N R Y .— E le c tr ic
r o a d . T h lr d -m tl - y t e m .
W a te r p o w e r .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n o n M arch 6 1 8 9 9 t o b u ild
an e le c t r ic r o a d on f e n c e d r ig h t o f w a y , c o n n e c tin g t h e th r e e c it ie s n a m e d
In t h e t i t l e , a t o t a l d is ta n c e o f 4 8 m ile s . T h e r o a d w a s e n t ir e ly c o m p le t e d
a n d p u t In o p e r a tio n a b o u t M a y 1 1 9 0 2 . T h ir t y -y e a r fr a n c h is e s In a ll
t o w n s th r o u g h w h ic h It p a s s e s; o t h e r w is e p r iv a te r ig h t o f w a y .
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r it y .
S t o c k , $ 1 ,2 0 0 ,0 0 0 _________ _______ _______________
$ 1 ,2 0 0 ,0 0 0 .........................
1 st m tg e . $ 1 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 )1 1901
5 g J -J
1 ,5 0 0 ,0 0 0 J u ly 1 1 9 2 6
g o l d ...... .................................... c ' J I n t . a t S ta n d a r d T r u s t C o ., N . Y . , T r u s t e e .
B o n d s . — T h e I n te r e s t o n o u t s t a n d in g b o n d s w a s g u a r a n t e e d fo r 5 y e a r s
b y t h e S e c u r it y I n v e s t m e n t C o . o f P itt s b u r g h .
S ee V . 76 , p. 47 9 .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1 9 0 8 , g r o s s, $ 2 6 2 ,3 4 2 ; n e t ,
$ 1 2 1 ,6 3 4 ; In 1 9 0 7 , g r o s s , $ 2 5 8 ,5 6 6 ; n e t . $ 1 1 4 ,7 8 6 .
R O A D .— E x t e n d s fro m G ra n il R a p id s In a n o r t h w e s t e r ly d ir e c t io n t o
M u s k e g o n , w it h a b r a n c h t o S p r in g L a k e a n d G ra n d H a v e n . C o n n e c t s a t
G ra n d H a v e n w it h G o o d r ic h L in e o f s te a m e r s fo r C h ic a g o a n d C r o s b y L in e
o f s te a m e r s F 'r M ilw a u k e e . T o t a l t r a c k , 4 8 .1 3 m ile s : 7 0 - lb . T r a i l .
O per
a t e s 19 p a s s e n g e r , 10 f r e ig h t a n d e x p r e s s a n d 3 w o r k c a r s . A ls o d o e s a
f r e ig h t a n d m a ll b u s in e s s .
O F F I C E R S .— P r e s ., G e o . C . S m it h , P itt s b u r g h ; V . - P . a n d G en . M g r .,
W . K . M o r le y , G ra n d R a p id s ; S e c . a n d A s s t . T r e a s ., W a lla c e F r a n k lin
D e t r o it ; T r e a s ., C arl M . V a il, N e w Y o r k .— V . 7 6 , p . 4 7 9 .
G R A N D R A P I D S H O L L A N D & C H IC A G O R A I L W A Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n In J u ly 190 4 a n d Is a r e
o r g a n iz a t io n o n A u g . 1 1904 o f t h e G ra n d R a p id s H o lla n d & L a k e M ic h ig a n
R a p id R y .
See V. 79. p . 627.
P o w e r Is s u p p lie d to c o m p a n y b y G ran d
R a p ld s -M tis k c g o n P o w e r C o ., b u t c o m p a n y m a in t a in s o w n s t a t io n In re a d lne< ; to o p e r a t e In c a s e o f e m e r g e n c y .
F ra n ch ise s In c i t y o f H o lla n d a n d
v illa g e s t r e e t e x p ir e In 192 8 t o 1 9 3 0 ; r e m a in d e r o n p r iv a te r ig h ts o f w a y .
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 5 0 0 ,0 0 0 .................................................................
$ 5 0 0 ,0 0 0 ..........................
P r e f, $ 8 5 0 ,0 0 0 , 6 % ________ _______ - .............................
8 5 0 ,0 0 0 .........................
1 st m tg e , G ra n d R a p id s H o i) 1 9 0 0
5 g F -A
1 ,5 0 0 ,0 0 0 A u g 1 1 9 2 0
& L a k e M ich , $ 1 ,5 0 0 ,0 0 0 , [ l n t . a t A m e r ic a n T r . & S a v . B a n k . C h ic a g o ,
g o ld ($ 5 0 0 a n d $ 1 , 0 0 0 ) ____ J T r u s t e e , o r a t G u a r a n ty T r u s t C o ., N . Y .
B o n d s . — A s in k in g fu n d Is p r o v id e d o f $ 5 ,0 0 0 p e r a n n u m fo r fir st 5 y e a r s ,
$ 1 0 ,0 0 0 p e r a n n u m for s e c o n d 5 y e a r s , $ 1 5 ,0 0 0 y e a r ly fo r t h ir d 5 y e a r s a n d
$ 2 5 ,0 0 0 p e r a n n u m for fo u r th 5 y e a r s .
B o n d s a re n o t s u b j e c t t o c a ll.
T R A C K — O p e r a te s 75 m ile s o f tr a c k fro m G ra n d R a p id s th r o u g h H o lla n d
to M a e a ta w a a n d S a u g a t u c k , w it h s te a m e r c o n n e c tio n a t H o lla n d fo r C h lo .
O F F I C E R S .— P r e s ., G e o . H en d r le ; S e c . a n d T r e a s ., S t r a th e a r n H e n d r lo .
— V . 7 5 , p . 1301; V . 7 8 , p . 7 0 2 , 7 6 8 ; V . 7 9 p . 0 2 7 .
GREAT FA L L S, MON.
GREAT FALLS STREET RY. — T h e p r o p e r ty o f t h is r o a d w a s s o ld a t
fo r e c lo su r e In F e b r u a r y 190 4 a n d p u r c h a s e d b y J o h n D . R y a n . P r e s . D a ly
B a n k & T r u s t C o.
In J u n e 1 9 0 6 t h e G re a t F a lls E le c . P r o p e r tie s w a s o r
g a n iz e d w it h $ 1 ,0 0 0 ,0 0 0 s t o c k , t o c o n s o lid a t e t h is c o m p a n y w it h t h e e le c t r ic
lig h t in g c o m p a n y .
I n 1 9 0 9 t h e G r e a t F a l ls S t r e e t R y . w a s m e r g e d I n to t h e
B u t t e E le c . & P o w . C o ., a n d th e G r e a t F a lls E le c . P r o p e r tie s Is In p r o c e ss
o f d is s o lu t io n a s a c o r p o r a tio n .
V . 8 8 , p . 1499.
N o b o n d s o r o t h e r In
d eb te d n e ss.
G ro ss e a r n in g s fo r 1 9 0 8 w e r e $ 7 5 ,9 1 1 ; In 1 9 0 7 w e r e $ 6 2 ,4 6 7 .
C o m p r ise s 1 0 ) 4 m ile s o f t r a c k .— V . 8 2 , p . 1 4 3 7 .
G R E EN B A Y , W IS .
GREEN BAY TRACTION CO.—Trolley.
O R G A N I Z A T I O N .— In c o r p o r a te d In W is c o n s in In J u n o 19 0 5 a n d Is a
c o n s o lid a t io n o f t h e F o x R iv e r E le c . R y . & P o w e r C o . a n d t h e K n o x C o n
s tr u c t io n C o.
In 1906 a b s o r b e d th e G reen B a y G as & E le c tr ic C o ., a lth o u g h s e p a r a te
o r g a n iz a t io n Is n e c e s s a r ily m a in t a in e d . S e e V . 8 2 , p . 5 7 3 631 a n d V . 8 6 ,
p . 1 7 2 , for p a r t ic u la r s o f t h a t c o m p a n y .
S t r e e t r a ilw a y fra n ch ise Is p e r
p e t u a l a n d e x c lu s iv e u n t il 1918
STO C K A N D B O N D S—
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................... ...............................
$ 1 ,0 0 0 ,0 0 0 .............. ..........
1 st m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 , g ] 1905
5 f J -D
7 2 5 ,0 0 0 J u n e 1 0 ’35
( $ 1 ,0 0 0 ) ......................................c j U n l o n T r u s t C o ., D e t r o it , T r u s t e e .
G reen B a y G & E 1 s t & ref) 190 5
5 g M -N
4 6 7 .0 0 0 M ay 1 19 3 5
M, $ 7 5 0 ,0 0 0 , g ( $ 1 ,0 0 0 ) . c * J l n t . a t W is c o n s in T r . C o ., M llw ., T r u s t e e .
B o n d s .— T h e G reen B a y T r a c tio n C o . b o n d s a r e s u b j e c t t o c a ll a t 1 5 0
u n t il 1 925; th e r e a f t e r a t p a r . T h e G reen B a y G a s & E l. b o n d s a re s u b j e c t
t o c a ll fr o m 1 9 1 0 t o 1 9 2 4 a t 105- t h e r e a fte r a t p a r .
E A R N I N G S .— E x c lu s iv e o f G reen B a y
C a len d a r Y ea r.
G ross.
G as fc E le c tr ic C o.
O perating E x p e n s e s.
N e t.
19 0 8 .............
$ 1 4 8 ,5 3 8
$ 9 0 ,9 8 0
$ 4 8 ,5 5 8
190 7 _________
1 4 3 ,0 5 2
1 I U .9 7 8
3 2 ,0 7 4
R O A D .— O w n s a n d o p e r a te s a ll lin e s In t h e c it y
o f G reen
B a y ; a ls o a lin e
fro m G reen B a y t o D e P e r e C it y , a n d b r a n c h to D u c k C r e e k , a n d a lin e fr o m
G reen B a y t o W e s t D e P e r e , L i t t l e R a p id s , W r lg h ts t o w n a n d K a u k a n n a ;
t o t a l 4 0 .8 0 m ile s. 4 5 a n d 7 8 - lb . ra il; 3 0 m o to r ca rs; 12 tr a ile r s .
O F F I C E R S .— P r e s ., A . M . M u r p h y , G reen B a y ; V . - P ., R . M. H o w a r d ,
S e c ., B . L . P a r k e r , G re e n B a y ; T r e a s ., F . E . M u rp h y ; G e n . M g r ., R . M .
H o w a r d .— V . 8 1 , p . 5 5 8 ; V . 8 2 , p . 5 6 8 .
GREENSBO RO , N . 0 .
GREENSBORO ELECTRIC CO.
I n 1 9 0 8 c o n t r o l w a s p u r c h a s e d b y W . N . C o lcr & C o ., N e w Y o r k , a n d In
1 9 0 9 t h e N o r t h C a r o lin a P u b lic S e r v ic e C o . w a s c h a r te r e d In N o r t h C a r o lin a
a n d t o o k o v e r t h is p r o p e r ty .
N e w c o m p a n y h a s $ 3 ,5 0 0 ,0 0 0 s to c k a n d $ 3 ,
5 0 0 ,0 0 0 1 s t a n d r e fu n d . 5% g o ld b o n d s ( ln t . F . & A . ) , o f w h ic h $ 7 5 0 ,0 0 0
r e s e r v e d fo r p r io r lie n s , $ 7 5 0 ,0 0 0 fo r I m p r o v e m e n t s ( to I n c lu d e a n e x t e n s io n
t o H ig h P o i n t ) , $ 7 5 0 ,0 0 0 to b u ild In te r u r b a n lin e b e t w e e n G r e e n s b o r o a n d
W in s to n - S a le m a n d $ 1 ,2 5 0 ,0 0 0 fo r fu tu r e im p r o v e m e n ts a n d a c q u is it io n s
u n d e r p r o p e r lim it a t io n s . S e e p r o s p e c tu s In V . 8 8 , p . 1 1 2 8 .
O R G A N I Z A T I O N .— In c o r p o r a te d In N o r th C a r o lin a o n J u n e 11 1 9 0 1 .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n . $ 2 5 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 2 5 0 ,0 0 0 ..........................
P f , $ 2 5 0 ,0 0 0 ($ 1 0 0 ) 6 % n - c u m ____
________
1 0 6 ,2 0 0
......................
N e w m tg e , $ 7 5 0 ,0 0 0 , g o ld ] 19 0 5
5 g J -D
2 5 0 ,0 0 0 J u n e 1 1 9 3 0
( $ 5 0 0 a n d $ 1 ,0 0 0 ) _______ c ’ J I n t . a t M e r c a n tile T r u s t C o ., N . Y . , TrufJteo
1 st m t g e ,
$ 4 0 0 ,0 0 0 ,
g o ld ) 190 2
5 g A -O
4 0 0 ,0 0 0 A p r il 1 1 9 2 7
($ 5 0 0 a n d $ 1 ,0 0 0 ) ________ c l Tnt. a t T r u s t C o . o f A m e r ic a , N . Y ., T r u s t e e .
B o n d s . — $ 4 0 0 ,0 0 0 n e w b o n d s a r e r e s e r v e d to r e tir e p rio r H ens a n d $ 1 0 0 ,
0 0 0 fo r fu tu r e e x t e n s io n s . T h e y a r e s u b j e c t to c a ll o n a n y l n t . d a t e a t 110
a n d ln t .
O f $ 4 0 0 ,0 0 0 1 s t 5 s , $ 5 ,5 0 0 w e r e Issu ed u n d e r m o r t g a g e o f 1 9 0 1 .
E A R N I N G S .— F o r y e a r e n d in g N o v . 3 0 1 9 0 8 , g r o s s , $ 1 5 3 ,9 1 3 .
R O A D .— O p e r a te s a b o u t 1 1 J4 m ile s o f tr a c k In G r e e n s b o r o , In c lu d in g
e x t e n s io n s t o R e v o lu t io n , W h ite O a k a n d L ln d le y P a r k . S t a n d a r d g a u g e .
9 3 - lb . g ir d e r a n d 6 0 - lb . T r a ils .— V . 8 9 , p . 4 1 1 .
G R E E N V IL L E , S. 0 .
GREENVILLE TRACTION CO.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In S o u t h C a r o lin a o n S e p t . 7 1 8 9 9 .
P o w e r Is s u p p lie d t o t h is c o m p a n y b y th e G r e e n v ille C a r o lin a P o w e r C o .
fo r p a r t ic u la r s o f w h ic h s e e V . 8 5 , p . 2 2 4 .
O p e r a te s 13 m ile s o f t r a c k .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
s t o c k , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 3 0 6 ,0 0 0 ----------------- 1 s t m t g e , $ 2 5 0 ,0 0 0 , c u r ($ 1 ,-1 1901
5 F -A
2 5 0 ,0 0 0 F e b 1 1931
0 0 0 a n d $ 5 0 0 ) ___________c * / l n t e r c s t a t G irard T r u s t C o ., P i il la ., T r u s t e e .
O F F I C E R S .— P r e s ., J o s e p h S . K e e n J r .; V .- P .. J . I t. D a w e s ; S e c a n d
A s s t . T r e a s ., H . B a y a r d H o d g e ; A s s t . S e c .. W . I I . R o th ; T r e a s ., G e o . M .
B u n tin g ; G e n . M g r ., H . P . K e e n , a ll o f P h ila d e lp h ia .
GROTON, CONN.
GROTON
& STONINGTON STREET RY.— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c t ic u t o n A u g . 1 7 1 9 0 3 .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................
$ 4 0 0 ,0 0 0
See tex t
P r e f, 6 % , $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) . . .
.................................
2 0 0 .0 0 0
See te x t.
1 st
m tg e ,
$ 3 7 5 ,0 0 0 ,
g o ld ] 19 0 4
5 g J -J
3 7 5 ,0 0 0 J u ly 1 1 9 2 4 .
( $ 1 , 0 0 0 ) .....................................c j l n t e r e s t a t I n t e r n a t io n a l I’r u s t C o .. B o s t o n .
2 9 ,6 0 0 ................... ..
N o t e s p a y a b le J u n e 3 0 1 9 0 9 ____ __________ ______ _
B o n d s . — N o s . f ., b u t b o n d s a r e s u b j e c t to c a ll a t a n y t im e a t 120 a n d
I n te r e s t. T r u s t e e Is T r e a s u r e r o f S t a t e o f C o n n e c t ic u t.
D iv id e n d s . — O n p r e f. In 1 9 0 5 - 0 6 , 6 % ; i>n
urn n In 1905 0 6 . 3 % .
r*n
p r e f ., 1 9 0 6 -0 7 . 7 'A % .
O n p r e f ., 1 9 0 7 -0 8 , 6 % ; o n c o m ., 1 9 0 7 - 0 8 , I J 4 % .
I n 1 9 0 8 - 0 9 , c o m ., 2 ) 4 % ; p r e f ., 6 % .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 0 0 9 , g r o s s , $ 1 0 9 ,1 1 6 ; n e t , $ 5 4 ,
07 3 ; I lx e d c h a r g e s , $ 3 3 ,3 6 1 ; n e w e q u i p ., $ 1 ,2 1 3 ; d iv id e n d s (8 ) 4 % ) , $ 2 2 ,0 0 0 ;
d e f ic it , $ 2 ,5 0 1 .
R O A D .— O p e r a te s 2 0 A m ile s o f t r a c k from G r o t o n , t h r o u g h N o a n k ,
W e s t M y s tic , M y s tic , S t o n l n g t o n a n d P a w c a t u c k , to W e s t e r ly , R . I.
Put
In o p e r a tio n o n M a y 6 1 9 0 5 . C o n n e c t s b y fer r y w it h N e w L o n d o n . S t a n d
a r d g a u g e , 7 0 - lb . T r a il.
21 c a r s.
O F F I C E R S .— P r e s .. T h o s . H a m i lt o n , N e w L o n d o n ; V . - P . , B . F . W ill
ia m s , M y s tic ; S e c ., C h a s. D . N o y e s , N o r w ic h ; T r e a s ., C o s t e llo L l p p l t t ,
N o r w ic h ; G en . M g r .. T h o m a s W . R v l e y , M y s tic . — V . 8 0 , p . 2 3 4 4 .
G U L F P O R T , M IS S .
GULFPORT & MISSISSIPPI COAST TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ississip p i In 1 9 0 5 .
P u rch a sed
t h e B ilo x i E le c tr ic R y . & P o w e r C o . a n d th e G u lfp o r t D e v e lo p m e n t C o.
I n 1 9 0 7 In c r e a se d s t o c k fro m $ 1 ,0 0 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................$ 1 ,0 0 0 ,0 0 0 .............................
1 st m o r t ., $ 1 ,0 0 0 ,0 0 0 , g o l d ,] 1905
5 g A -O
1 ,0 0 0 ,0 0 0 S e p t . 3 0 ’35
( $ 1 ,0 0 0 ) ........................................ I l n t . a t H ib e r n ia B k . & T r . C o . , N . O r l .. T r u s .
S econd
m o r t g a g e 5 5 0 0 ,0 0 0 ] 1907
6 g J -J
$ 3 8 6 ,0 0 0 J u l y 1 193 2
g o ld ( $ 1 ,0 0 0 ) _____________ cj H ib e r n ia B a n k & T r u s t C o ., T r u s t e e .
B ill. E l. R
& P . 1 st m t g e ., g ] 1903
6 g J -J
2 0 0 .0 0 0
19 2 3
($ 1 0 0 , $ 5 0 0 a n il $ 1 .0 0 0 )
j l n t . a t H ib e r n ia B k . & T r . C o ., N e w O r le a n s .
B o n d s . — T h e b o n d s o f 190 5 a r e s u b j e c t to c a ll o n O c t . 1 1 9 1 0 o r o n t h e
1 s t o f O c t. In a n y y e a r t h e r e a f t e r a t 1 0 5 ; n o s in k in g fu n d .
I n t. o n 2d m tg e .
Is p a y a b le a t 1 s t N a t . B a n k , G u lf p o r t .
B o n d s h a v e n o s . f. a n d a r e n o t
s u b j e c t t o c a ll.
T h e B ilo x i E le c tr ic R a ilw a y & P o w e r b o n d s a r e s u b j e c t
t o c a ll a t 1 0 6 a n d I n te r e s t.
R O A D .— O p e r a t e s 13 m ile s o f tr a c k fr o m G u lfp o r t to B i lo x i a n d 7 m ile s
fr o m G u lfp o r t t o H a r b o r v le w , M iss.; a ls o 6 m ile s o f tr a c k In B i lo x i.
W ork
h a s b e g u n o n 5 -m tle e x t e n s i o n In to P a s s C h r is tia n . T o t a l , 2 6 m ile s.
O F F I C E R S .— P r e s ., J . T . J o n e s , G u lfp o r t: S e c .. I I . C. E ld er; T r e a s .,
E . A . D u r h a m , S l s t e r v ll l e , W . V a .; A s s t . T r e a s ., F . V . O sb o r n e , G u lfp o r t;
A u d it o r , R . E . P o w e r s , 1 0 2 4 P r u d e n t ia l B l d g ., B u ff a lo , N . Y .; G en . M g r .,
J . A. J o n es.
V . 83, p. 95.
H A C K EN SA C K , N . J
NEW JERSEY & HUDSON RIVER RY. & FERRY CO.
O R G A N I Z A T I O N — I n c o r p o r a te d a t T r e n t o n , N . J . , o n F e b . 27 1900 a t
a c o n s o lid a t io n o f t h e B e r g e n C o u n ty T r a c t io n C o . a n d t h e R id g e fie ld a n d
T e a n e c k R v C o. S e e V . 7 0 . p . 4 3 0 . T h is c o m p a n y o w n s t h e e n tir e
c a p ita l s to c k a n d b o n d s o f t h e R i v e r s id e & F o r t L e e F e r r y C o . (w h ic h w a s
r e -in c o r p o r a te d In A p ril 1 9 0 9 ) , o w n e r o f t h e W e s t 1 3 0 t h S t r e e t F e r r y . T h e s e
s e c u r it ie s a r e a ll d e p o s ite d u n d e r th e $ 5 ,0 0 0 ,0 0 0 m t g e .
L eases H u d son
R iv e r T r a c t io n C o .; s e e b e lo w .
F r a n c h is e s p e r p e tu a l e x c e p t o n e fo r 99
y ea rs.
C h ie fly p r iv a te r ig h t o f w a y .
In te re st. O u tsta n d in g . D iv id e n d s •
STO C K A N D B O N D S —
D ate.
___________ $ 1 ,0 0 0 ,0 0 0 J u l ’0 9 , 2 ) 4
S t o c k , c o m m o n , $ 5 ,0 0 0 ,0 0 0 -----------0 F -A
6 5 0 ,0 0 0 S ee below.
S t o c k , p r e f., $ 7 5 0 ,0 0 0 6 % c u m ------„
4 g M -S
3 ,7 3 6 ,0 0 0 M ar. 1 1950
1 s t m o r t ., $ 5 ,0 0 0 ,0 0 0 g o ld j, ____
1900
( $ 1 , 0 0 0 ) _________________ c * j l n t . a t U . S . M tg o .A T r .C o ., N . Y . , T r u s t e e .
B o n d s .— B o n d s c a n b e c a lle d o n a n y I n te r e s t d a y a t 1 0 5 a n d I n t e r e s t ,
u p o n s ix w e e k s ’ n o t ic e .
V . 8 0, p. 998.
D I V I D E N D S . — T h e fir st d iv id e n d o f 5% o n p r e f. s t o c k w a s p a id o n
F e b . 15 1 9 0 1 .
I n F e b . 1 9 0 2 , 6% w a s p a id a n d t h e s a m e a m o u n t y e a r l y
t h e r e a f t e r . I n c lu d in g F e b . 1 9 0 8 .
N o v . 3 0 1 9 0 8 a s e m i-a n n u a l d iv id e n d
o f 3 % w a s p a id o n p r e f. s to c k fo r 6 m o n th s to J u n e 3 0 1 9 0 8 , t h u s p u t t in g
It o n a s e m i-a n n u a l b a s is .
V . 8 7 , p . 1479; V . 8 8 , p . 5 3 .
In 1 9 0 9 , F e b .,
3 % ; A u g ., 3 % .
O n c o m m o n , ilr s t d l v . — 2 % — w a s p a id F e b . 1 9 0 9 ; In
J u ly 2 )4 % . *
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 5 3 8 ,6 6 8 ; n e t ( a f t e r t a x e s ) ,
$ 2 3 3 ,0 7 1 ; o t h e r I n c o m e , $ 2 5 ,6 7 0 ; i n t e r e s t , $ 1 3 7 ,1 5 1 ; s u r p lu s . $ 1 2 1 ,5 9 0 .
R O A D .— O w n s a n d o p e r a te s 3 1 .3 3 m ile s o f tr a c k fr o m W . 1 3 0 th S t . . N e w
Y o r k C it y (te r m in a l a t E d g e w a te r ) , t o E n g le w o o d , H a c k e n sa c k a n d
P a t e r s o n . T h e c a r s o f t h is c o m p a n y o p e r a te to th e b u s in e s s c e n tr e o f
P a te r s o n u n d e r tr a c k a g e r ig h ts fr o m P u b lic S e r v ic e C o r p o r a tio n .
O F F I C E R S .— P r e s ., A . M e rr itt T a y lo r : 1 st V . - P ., W . I I . C lark; 2 d V . - P .,
F r a n k R . F o r d , 115 B ’w a y , N . Y .; 3 d V . - P ., W . N . B a r r o w s; S e c . a n d
T r e a s .. S . C. S tiv e r s ; G en . M g r ., F . W . B a c o n .
G en er a l o f fic e s , E d g ew a t e r , N . J . — V . 8 2 , p . 5 1 0 , 1 3 23: V . 8 7 . p . 1479; V . 8 8 , p . 53 3 7 5 .
HUDSON RIVER TRACTION.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n M a rch 2 2 1 0 0 2 .
C o n tr o l o f s t o c k Is o w n e d b y t h e N . J . & H u d s o n R iv e r R y . & F e r r y C o .,
w h ic h le a s e d t h is c o m p a n y o n J u l y 1 1 0 0 4 u n t il M a rch 1 1 0 5 0 , r e n ta l b e in g
n e t e a r n in g s o f t h e le s s o r c o m p a n y . O n S e p t . 1 1 0 0 3 p u r c h a s e d a t f o r e
c lo s u r e s a le t h e N e w a r k & H a c k e n s a c k T r a c t io n C o . a n d t o o k p o s s e s s io n o f
t h e p r o p e r ty o n S e p t . 2 5 .
F r a n c h is e s a r e p e r p e t u a l, e x c e p t o n e fo r 5 0 y e a r s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 (5 1 0 0 ) ......................................................... $ 1 ,0 0 0 ,0 0 0 ......................
P r c f . , 4 % n o n - c ., $ 5 0 0 , 0 0 0 ....................................................
2 3 5 ,1 0 0 ...................
1 s t m o r t ., $ 1 ,0 0 0 ,0 0 0 , g o ld l 1 9 0 2
5 g M -S
0 2 7 ,0 0 0 M ar. 1 11
( $ 1 , 0 0 0 ) ......................................... J I n t . a t U . S M o r t. & T r . C o .. N . Y . , T r u s t e e .
B o n d s . — A r e s u b j e c t t o c a ll o n a n y I n t. d a t e a t 1 1 0 . N o s in k in g fu n d .
E A R N I N G S .— F o r y e a r e n d in g D e c 31 1 9 0 8 , g r o s s , $ 9 5 ,4 8 8 ; e x p e n s e s
a n d t a x e s , $ 7 3 ,2 2 5 ; n e t , $ 2 2 ,2 6 3 . I n 1 9 0 7 , g r o s s , $ 9 2 ,6 1 6 ; e x p e n s e s ,
$ 7 5 ,6 5 9 : n e t , $ 1 6 ,9 5 7 .
R O A D .— O w n s a n d o p e r a te s 1 7 .1 1 m ile s o f t r a c k fr o m H a c k e n s a c k
th r o u g h H a s b r o u c k H e ig h t s , W o o d r id g e a n d R u th e r f o r d t o A r lin g to n , w h e r e
t h r o u g h c o n n e c t io n t o c e n tr e o f N e w a r k Is m a d e o v e r t h e t r a c k s o f t h e
P u b li c S e r v ic e C o r p o r a tio n ; a ls o a lin e fr o m H a c k e n s a c k v ia H a sb r o u c k
H e ig h t s a n d L o d i t o P a s s a ic , o p e r a te d In c o n j u n c tio n w it h t h e P u b lic
S e r v ic e C o r p o r a tio n .
O F F I C E R S .— P i e s . , C. A . T w in in g ; 1 st V . - P . , H . M a c M u lle n , 115 B ’w a y ,
N . Y .; S e c ., W . N . B a r r o w s; T r c a s ., S . C . S t iv e r s ; G e n . M g r ., F . W .
B a c o n . G en er a l o f f ic e s , E d g e w a t e r , N . J . — V . 7 8 , p . 4 7 .
H A G ER STO W N , M D .
HAGERSTOWN RAILWAY.—A trolley road.
O R G A N I Z A T I O N .— C h a r te r e d M a rch 12 1 8 9 6 In p e r p e t u it y .
F u r n is h e s
c o m m e r c ia l e le c t r ic l ig h t in g . F ra n ch ise s a r e p e r p e tu a l.
O n M a y 2 0 1908
s h a r e h o ld e r s v o t e d t o t a k e o v e r t h e a s s e t s o f t h e H a g e r s t o w n & N o r th e r n
R R . , (w h ic h h a d c o n s o lid a t e d w it h t h e F r a n k lin C o u n ty R R . In F e b . 1 9 0 7 ),
t h e H a g e r s to w n & B o o n s b o r o R y . a n d t h e H a g e r s t o w n & M y c r s v llle R y . ,
a n d In c r ea se d s t o c k fr o m $ 2 0 0 ,0 0 0 t o $ 4 0 0 ,0 0 0 . V . 8 6 , p . 1 3 4 3 .
I n t e r e s t s I d e n tifie d w it h t h is c o m p a n y In J u l y 1 9 0 1 p u r c h a s e d a m a jo r ity
o f t h e s to c k a n d a ll o f t h e b o n d s o f t h e iM y crsv llle & C a t o c t ln E le c tr ic R y . ,
b u t s h o r t ly th e r e a f t e r d ir e c t o r s o f t h e l a t t e r m a d e a n e w le a s e o f t h e ro a d
t 0 J',S£..f'£e d c r *c li & M id d le t o w n R a ilr o a d , w h ic h s e e o n a p r e v io u s p a g e .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 4 0 0 ,0 0 0 ($ 5 0 ) ..........................................................
$ 1 0 0 ,0 0 0 .........................
1 st
m o rtg a g e,
.$ 2 0 0 ,0 0 0 .1
1896
6 g Q -F
2 0 0 ,0 0 0 M a y 1 1 9 1 6
g o l d --------------------------------------- J I n t e r e s t a t E a v y L a n e & C o ., H a g e r s t o w n .
H a g e r & M yers R y , $ 1 2 5 , 0 0 0 .
(?)
(?)
1 2 5 ,0 0 0
(?)
H a g e r s & B o o n e s b R y 1 st M l
1902
5 F -A
1 2 0 ,0 0 0 A u g 1 192 2
$ 1 2 0 ,0 0 0 ( $ 5 0 0 & $ 1 ,0 0 0 )c * j
H a g e r s & N o r R R 1 s t m tg e t 1 9 0 7
5 g F -A
1 2 0 ,0 0 0
1927
$ 1 2 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 , $ 5 0 0 )
T r u s t e e , W m . J e n n in g s
a n d $ 1 0 0 ) ________________ c*J
B o n d s . — T h e H a g e r s t o w n & B o o n e s b o r o R y . b o n d s a r e r e d e e m a b le 191 2
a t p a r . T h e H a g e r s t o w n & N o r th e r n R R . b o n d s a r e s u b j e c t to c a ll In 1 9 1 7 .
R O A D .— O p e r a te s 40 A m . o f t r a c k a s fo llo w s : H a g e r s t o w n to W illia m s
p o r t a n d F u n k s t o w n , 13 m .; F u n k s t o w n t o B o o n s b o r o , 10 m .; B o o n sb o r o
a c r o ss S o u th M o u n ta in t o M y c r s v llle (w h e r e c o n n e c tio n Is m a d e w it h F r e d
e r ic k & M id d le to w n R y . ) , 7 A m ile s , a n d H a g e r s t o w n t o S h a d y G ro v e
(w h e r e c o n n e c tio n Is m a d e w it h C h a m b e r s b u r g G r e e n c a s tle & W a y n e s b o r o
E le c tr ic R y . ) , 10 m ile s . S t a n d a r d g a u g e .
O F F I C E R S .— P r e s ., C h r is tia n W . L y n c h ; V l c e - P r e s ., D . C. H a ld e m a n ;
T r c a s . a n d A n d ., W m . J e n n in g s ; S e c . a n d S u p t . , W . C . I le p p e r le ; G en .
M g r ., R ic h a r d C . H a ld e m a n .— V . 8 4 , p . 3 3 9 ; V . 8 6 , p . 1 3 4 3 .
H AM M O ND, IN D .
HAMMOND WHITINO & EAST CHICAOO ELECTRIC RAILWAY.—A
t r o lle y r o a d .
O R G A N I Z A T I O N .— C h a rte r e d In 1 8 9 2 .
F r a n c h is e e x p ir e s In 1 9 5 4 .
P o w e r Is fu r n is h e d b y C a lu m e t & S o . C h ic . R y .
STOCK —
M ile s . D a te.
In te re st. O u tsta n d in g .
D lv ld 'n d s
S t o c k , $ 1 ,0 0 0 ,0 0 0 ^ 5 1 0 0 ) 2 5 .9 4 ____
Q -J
$ 5 1 0 ,0 0 0
See te x t.
D iv id e n d s . — 6 % p e r a n n u m Is b e in g p a id .
R O A D .— O w n s 2 5 .9 4 m ile s o f t r a c k , e x t e n d in g fro m S t a t e lin e b e t w e e n
I llin o is a n d I n d ia n a a t 1 0 8 th S t . , C h ic a g o , t o W h itin g , E a s t C h ic a g o a n d
H a m m o n d In I n d ia n a , a n d o p e r a te s In c o n n e c tio n w it h C a lu m e t & S o u t h
C h ic a g o R y . t o 6 3 d S t . a n d M a d iso n A v e . In C h ic a g o .
11 m o to r ca rs; 5
o t h e r cars; s ta n d a r d g a u g e ; 8 0 - lb . T r a il.
O F F I C E R S .— P r e s ., D . M . C u m m in g s; V . - P . , O . S . G a ith e r ; S e c . a n d
T r c a s .. H . C . S a lto n s t a ll; G en . M g r s., A . L . D r u m & C o ., 1 2 5 M o n r o e S t .
C h ic a g o .— V . 7 9 , p . 1 0 3 .__________ ______________
HAM PTON, V A .
NEWPORT NEWS & OLD POINT RAILWAY & ELECTRIC.
A p p lic a tio n fo r R eceiver W ith d ra w n . — O n F e b . 9 190 9 M a r y la n d T r u s t
C o ., t r u s t e e u n d e r t h e $ 4 ,0 0 0 ,0 0 0 g e n . m t g e . . D ied a b ill p r a y in g fo r a
r e c e iv e r s h ip o n t h e a lle g e d g r o u n d o f m is m a n a g e m e n t .
V . 88, p. 452.
B u t In J u n e 1 9 0 9 t h e a p p lic a t io n w a s w it h d r a w n .
V . 8 8. p. 1561.
O R G A N I Z A T I O N .— In 1 8 9 8 p u r c h a s e d t h e N e w p o r t N e w s H a m p t o n &
O ld P o in t R y . a n d a c q u ir e d t h e C h e s a p e a k e L ig h t & P o w e r C o . a t H a m p t o n ,
V a.
L a te r a c q u ir e d t h e C it iz e n s ’ R a i l w a y , L ig h t & P o w e r C o . th r o u g h
o w n e r s h ip o f $ 1 9 5 ,0 0 0 o u t o f a t o t a l Issu e o f $ 2 0 0 ,0 0 0 c a p ita l s t o c k , w h ic h
c o m p a n y In tu r n a c q u ir e d $ 7 6 ,0 0 0 o f t h e $ 1 0 0 ,0 0 0 c a p ita l s to c k a n d e n tir e
b o n d Issu e o f th e N e w p o r t N e w s G a s C o . T h e N e w p o r t N e w s & O ld P o in t
R y . & E le c , a ls o h a s a c q u ir e d $ 9 5 ,5 0 0 o f t h e $ 1 0 0 ,0 0 0 s to c k o f D a n v ille
R y . & E lc c . C o . a n d a ll t h a t c o m p a n y 's b o n d s .
In N o v . 1 9 0 5 a c q u ir e d
e n t ir e c a p ita l s t o c k o f t h e H a m p t o n R o a d s T r a c t io n C o ., s u c c e s s o r t o th e
H a m p t o n R o a d s R a ilw a y & E le c tr ic C o ., s o ld u n d e r fo r e c lo s u r e , a n d c o m
p r isin g 21 m ile s o f t r a c k .
F o r m e r ly a ls o c o n t r o lle d t h e N o r fo lk & A t la n t ic
’T erm in al C o ., b u t e n t ir e s to c k o f t h is c o m p a n y w a s s o ld In N o v 1 9 0 6 t o
t h e N o r fo lk & P o r t s m o u t h T r a c tio n C o ., w h ic h s e e u n d e r N o r fo lk .
C on
t r o ls t h e r a ilw a y , e le c t r ic lig h t in g a n d Ice b u s in e s s In N e w p o r t N e w s H a m p
t o n , OH P o in t a n d P h o e b u s .
A lso c o n t r o ls g a s b u s in e s s In N e w p o r t N e w s
A u g . 18 1908 c o m p a n y w a s g r a n te d p e r m is s io n t o ln c r e a so fa r e s fr o m 5 to
10 c e n ts b o tw e o n N e w p o r t N o w s a n d H a m p t o n .
F a r o fr o m N e w p o r t N o w s
t o O ld P o in t , 15 c e n t s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 1 ,0 7 5 ,0 0 0 .........................
C o m m o n , $ 1 ,0 7 5 ,0 0 0 ( $ 1 0 0 ) ............................- .............
P r c f 5 % c u m ( $ 1 0 0 ) _________________
5 J -J
7 2 5 ,0 0 0 J u ly 2 '0 2 , 2 A %
F ir s t
m o rtg a g e ,
$ 9 0 0 ,0 0 0 ,1 1 8 9 8
5 g M -N
9 0 0 ,0 0 0 N o v . 1 19 3 8
g o ld ( $ 1 ,0 0 0 e a c h ) .............. c * \ I n t e r e s t a t A l e x B o w n & S o n s , B a l t ., M d .
F ir s t m tg e C itiz e n s R y L t & PJ 190 0
5 g M -N
8 0 0 ,0 0 0 M a y 1 1 0 4 0
$ 8 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) , g o l d .c * !
M a r y la n d T r u s t C o ., B a lt im o r e , T r u s t e e .
5
G u a r a n te e d p rln a n d I n t ___ J I n t e r e s t a t A le x . B r o w n <c S o n s , B a lt im o r e .
G e n e r a l m o r t g a g e , $ 4 ,0 0 0 ,- 1 1 0 0 1
5 g M -S
1 ,6 0 8 ,0 0 0 M ch 1 1941
0 0 0 , g o ld ( $ 1 ,0 0 0 e a c h ) . . c * { l n t . a t A l e x . B r o w n & S o n s , B a lt im o r e . M d .,
I o r a t c o m p a n y ’s a g e n c y In N e w Y o r k .
B o n d s . — T h e M a r y la n d T r u s t C o ., B a ltim o r e , Is tr u s t e e o f b o th t h e first
a n d g e n e r a l m o r tg a g e s o f t h e N e w p o r t N e w s & O ld P o in t R a ilw a y &
E le c tr ic . T h e N e w p o r t N e w s & O ld P o in t b o n d s o f 18 9 8 a rc s u b j e c t to
c a ll a t 110 o n a n y I n te r e s t d a y a t 6 0 d a y s ' n o t ic e . T h e C it iz e n s ’ R a ilw a y ,
L ig h t & P o w e r C o. b o n d s a r e s u b j e c t t o c a ll a t 1 1 0 o n a n y I n te r e s t d a y at
6 0 d a y s ’ n o tic e ; t h e y a r e g u a r a n t e e d b y t h e g e n e r a l m o r tg a g e o f N e w p o r t
N e w s * O ld P o in t R y . & E le c tr ic . S e e V . 7 1 , p . 8 4 .
Or th e $ 4 ,0 0 0 ,0 0 0
g e n e r a l m o r tg a g e b o n d s , $ 1 ,7 0 0 ,0 0 0 a r e r e se r v e d t o t a k e u p a t m a t u r i t y
t h e o u t s ta n d in g first m o r tg a g e b o n d s o f t h e N e w p o r t N e w s & O ld P o in t R y .
& E le c , a n d t h e C it iz e n s ’ R y . , L t . & P o w . a n d $ 9 2 ,0 0 0 h a v e b e e n r e tir e d .
In a d d it io n to th e m o r tg a g e lie n , b o n d s a r e se c u r e d b y a d e p o s it o f th e
s t o c k o f t h e C itiz e n s ' R a ilw a y , L ig h t & P o w e r C o ., D a n v ille R a ilw a y &
E le c tr ic C o ., t h e N e w p o r t N e w s G as C o . a n d b o n d s o f th e tw o la tt e r c o s .
E A R N I N G S .— O f t h e N e w p o r t N e w s & O ld P o in t R y . & E le c , a n d
c o n t r o lle d c o m p a n ie s fo r 12 m o n th s e n d in g O c t. 31 1 9 0 8 , g r o s s, $ 3 6 8 ,6 6 1 ;
n e t , $ 1 6 ‘L 6 6 9 .
R O A D .— I n c lu d in g C it iz e n s ’ R y . , L ig h t & P o w e r C o ., H a m p t o n R o a d s
T r a c . C o. a n d t h e D a n v ille R y . & E le c . C o ., o p e r a te s 5 0 .6 0 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., W m ’ "l: F a y n e , R ic h m o n d ; V . - P ., G e o r g e A .
S c h m e lz , N e w p o r t N e w s ; S e c ., D . C . Z ollIckofT er, R ic h m o n d ; T r e a s ., I I . L .
S c h m c lz , H a m p to n ; G e n . M g r ., W . VV. S . B u tle r . H a m p t o n ; A n d ., F . v o n
S h illin g , H a m p t o n .— V . 8 1 , p . 1 5 5 1 ; V . 8 8 , p . 4 5 2 , 6 2 4 , 1 5 6 1 .
H A R R IS B U R G , P A .
CENTRAL PENNSYLVANIA TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia o n J u ly 9 1 9 0 3 , a n d
le a s e d t h e H a r r is b u r g T r a c tio n C o . a n d s u b s id ia r y lin e s a t a g u a r a n te e d
r e n ta l o f 6 % . T h e H a r r is b u r g T r a c t io n C o . s to c k h o ld e r s w e r e a llo w e d t o
s u b s c r ib e fo r t h e n e w s t o c k , s h a r e fo r sh a r e ; h a s n o b o n d s . A n a s s e s s m e n t
o f 1 0 % ($ 5 per sh a r e ) w a s c a lle d on t h e s to c k In A u g . 1 9 0 5 , s e e V . 8 1 , p .
7 2 5 ) . 10% w a s c a lle d In 1 9 0 7 a n d 10% A p ril 1 1 9 0 8 ; in M a rch 1 9 0 9 , 4%
w a s c a lle d a n d a t t h e s a m e t im e a d l v . o f $2 w a s d e c la r e d t o b e c r e d it e d In
p a y m e n t o f t h e c a ll o n t h e s t o c k .
V . 8 8 , p . 5 6 3 . O n O c t . 17 190 3
a c q u ir e d a m a jo r ity o f th e $ 2 0 0 ,0 0 0 s to c k o f th e P e o p le ’s B r id g e C o . T h e
I .ln g le s t o w n & B lu e M o u n ta in R y . C o ., w h ic h Is c o n t r o lle d th r o u g h s t o c k
o w n e r s h ip , w a s p u t In o p e r a tio n to L ln g le s t o w n o n J u ly 1 1 9 0 4 . O w n s
e n t ir e s t o c k o f t h e H a r r is b u r g & H u m m e ls t o w n R y . a n d g u a r a n t e e s i t s
o ° p H s , p . a n d 1. In 1 9 0 7 t h e D a u p h in S t r e e t R y . w a s I n c o r p o r a te d t o
b u ild a t r o lle y lin e fr o m H a r r is b u r g t o D a u p h in .
N o a rra n g em en ts h a v e
b e e n m a d e a s y e t fo r f in a n c in g t h is c o m p a n y ,a n d n o w o r k h a s b e e n d o n e o n
p r o p o s e d lin e . F ra n ch ise s a r e p e r p e tu a l.
I n J u n e 1 9 0 9 s h a r e h o ld e r s a n t h o r lz e d a n Issu e o f $ 2 ,0 0 0 ,0 0 0 . V . 8 8 ,
p . 1559.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 , 1 0 0 ,0 0 0 ( $ 5 0 ) ......................................................... $ 2 , 1 0 0 ,0 0 0 ( 4 6 % p d .) . . .
L |n g - * B l. M tn . M tg e , $ 1 2 5 ,-1 1 9 0 5
5
A -O
1 0 5 ,0 0 0 A p r . 1 1 9 3 5
0 0 0 g . ($ 1 0 0 a n d $ 5 0 0 ) — c j
I n t . a t H a r r is b u r g T r u s t C o ., T r u s t e e .
H a r r . & H u m . 1 s t M ., $ 2 0 0 ,-1 1 9 0 5
4 A g M -N
2 0 0 ,0 0 0 A p r . 1 193 5
0 0 0 . g u . p . a n d I ...................... J
4 A M -N
....................
......... ...............
F ir s t m o r t g a g e $ 2 ,0 0 0 ,0 0 0 1 1 9 0 9
( $ 5 0 0 a n d $ 1 , 0 0 0 ) ---------------/ I n t e r e s t a t H a r r is b u r g T r u s t C o ., T r u s t e e .
B o n d s .— B o t h I s su e s o f 1 9 0 5 b o n d s a r e g u a r a n t e e d p r in c ip a l a n d I n te r e s t
b y e n d o r s e m e n t b y t h e C e n tr a l P e n n . T r a c t io n C o . O f t h e L in g . & B lu e
M o u n ta in m o r t g a g e b o n d s , $ 2 0 ,0 0 0 a r e r e s e r v e d fo r P e n n s y l v a n ia e x t e n
s i o n ; „ JJ'h e s e b o n d s a r e s u b j e c t to c a ll a f t e r 1 9 1 5 a t 1 0 5 a n d I n t e r e s t .
. „ S , E P O R T :— F o r fisc a l y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 7 3 1 ,2 6 1 ; In
1 9 0 8 , g r o s s , $ 7 2 7 ,1 5 2 ; n e t , $ 3 7 4 ,1 6 1 ; r e n t a ls , t a x e s a n d I n t e r e s t , $ 2 2 3 ,2 2 0 ;
s u r p lu s , $ 1 5 0 ,9 4 1 , o f w h ic h $ 4 6 ,1 4 9 h a s b e e n u s e d f o r b e t t e r m e n t s .
.
L e a s e s a n d o p e r a te s 7 0 .3 2 m ile s o f tr a c k a s fo llo w s : E a s t H a r
r is b u r g l a s s . R y . , 2 2 .3 5 ; H a r r is b u r g C it y P a s s . R y . , 1 5 .6 1 ; C it iz e n s ’ P a s s .
H y - . i 0 .» 7 ; M id d le t o w n H . & S . . 9 .7 2 ; L ln g le s t o w n & B lu e M o u n ta in R y . .
H u m m e ls t o w n R y . , 6 .8 4 .
H as 152 c a rs.
O F F I C E R S .— P r e s . F . B . M u sser: V . - P ., B . F . M ey ers; S e c . & T r e a s ..
W . J . C a ld e r , S u p t . , F . M . D a v i s , a ll o f H a r r is b u r g .— V . 8 3 , p . 4 9 1 ; V .
88, p . 563, 1559.
(1) H A R R I S B U R G T R A C T I O N .— A t r o lle y r o a d .
In J u n e 1 9 0 3 w a s le a s e d t o t h e C e n t r a l P e n n s y l v a n ia T r a c t io n C o .a t 6 %
on s to c k .
A s t o c k d iv id e n d o f 5 % w a s p a id a t t h a t t im e , in c r e a s in g o u t , t o , S 2 , PR*,0 0 0 . T h e T r a c t io n C o . h o lu s In i t s n e a s u r y
? J 0^ 0 0
O .s t o c k o f t h e E a s t H a r r is b u r g P a s s . R y . a n d $ 2 3 5 ,0 0 0 (a ll)
o f C it iz e n s ’ S t o c k .
V . 60, p . 873.
S T O C K A N D B O N D S — P a r . D a te .
In te re st. O u tsta n d in g . L a s t D lv .
H a r r is b u r g
T r a c t io n !
S to c k , $ 2 . 5 0 ° . 0 0 0 . .
50
-------6
F -A
$ 2 ,1 0 0 ,0 0 0 S e e t e x t .
1894
6 g M -N
7 5 ,0 0 0 M a y 1 192 4
C it iz e n s ’ P a s s e n g e r — 1 ------1 s t M ., $ 7 5 ,0 0 0 . g o l d j l n t . a t C o m ’w e a lth G u a r . T r . C o ., H a r r is b u r g
L eased to E . H a r . P a s s . R y .—
H a r r is . C ity P a s s , s t k
25
-------12 J - J
1 2 5 ,0 0 0 L e a s e r e n t
50
-------10 J - J
1 0 0 ,0 0 0 L e a s e r e n t .
M ld d le t w n H .& S .s t k
D I V I D E N D S — T h e d iv id e n d s In F e b . a n d A u g . 1 8 9 9 a g g r e g a tin g 4 %
w e r e p a id In s t o c k , t h e m o n e y b e in g u s e d In r e d u c in g f lo a t in g d e b t .
D iv i
d e n d p e r io d c h a n g e d t o q u a r t e r ly , a n d 1 % p a id In c a s h O c t . 1 8 9 9 .
In 1 9 0 0
4
, P i y ld en .d s a g a in c h a n g e d to s e m i-a n n u a l a n d 2 A % p a id F e b . 1901
a n d 2 H % o n A u g . 1 . I n 1 9 0 2 5 % . In 1 9 0 3 , 6 %, a ls o sc r ip d iv id e n d o f 5 %
?n
V, I n 1 9 0 4 - 0 % - In 1 9 0 5 >
In 1 S 0 6 . 6 % . I n 1 9 0 7 , 6 % .
In 1908. 6 % .
I n 1 9 0 9 , F e b . , 3 % ; A u g ., 3 % .
’ /a
— £ m b r a c es 4 7 m ile s o f tra c k n o w o p e r a te d b y C e n tr a l P e n n .T r a c .
t _O F F J U E R S .— P r e s . , E d w a r d B a ile y ; V . - P . , B . F . M e y er s; S e c . a n d T r e a s .,
p l o ‘oC a ld e r : S u p t ’ a n d P u r - A g t ’ - F - u - M u s s e r , a ll o f H a r r is b u r g .— V . 7 7 ,
V A L L E Y T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y l v a n ia o n N o v . 18 1 9 0 3 a n d
c o n t r o ls th r o u g h o w n e r s h ip a n d le a s e t h e H a r r is b u r g & M e c h a n lc s b u r g
E le c tr ic R a ilw a y C o ., t h e W h ite H ill & M e c h a n ls c b u r g E le c tr ic R y . , t h e
W e s t F a r v ie w & M a r y sv ille E le c tr ic R y . , t h c F a lr v ic w & R iv e r to n P a s s . R y , ,
t h e C a r lisle & M e c h a n ls b u r g S t . R y . . t h e C a m p H ill & H a r r is b u r g P a s s . R y .
t h e H a r r is b u r g & R iv e r to n S t . R y . a n d t h e U n it e d E le c tr ic C o .
STO C K A N D B O N D S —
D a te.
In te re st. O u ts ta n d in g .
M a tu r ity .
C o m m o n , $ 5 0 0 ,0 0 0 ($ 5 0 ) ......... .................................... ........
$ 5 0 0 ,0 0 0
P f ., $ 5 0 0 ,0 0 0 , 5 % n .c . ($ 5 0 ) ..............................................
3 5 0 ,0 5 0
....................
1 st m t g e ., $ 7 0 0 ,0 0 0 , g o ld l 1 9 0 3
5 g A -O
5 5 5 ,5 0 0 O c t . 1 1 9 3 3
($ 1 0 0 a n d $ 5 0 0 ) -----------c * / I n t . a t F a r m e r s ’ T r C o ., C a r lis le , P a . . T r
H . & M . 1 s t M ., $ 2 2 4 ,0 0 0 , g . . 1 8 9 4 6 g M -S
1 4 4 ,5 0 0 S e p t .
1914
I n t e r e s t Is p a y a b le a t o f fic e o f t r u s t e e , t h e H a r r is b u r g T r u s t C o
B o n d s . — V a l. T r a c . b o n d s a r e s u b j e c t t o c a ll a f t e r O c t . 1 1 9 0 8 a t 1 1 0 . A
s in k i n g fu n d o f $ 5 ,0 0 0 p e r a n n u m c o m m e n c e s O c t . 1 1 9 0 8 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 2 4 6 ,6 9 4 ; n e t , $ 8 4 ,9 9 2 t a x e s a n d I n te r e s t, $ 4 3 ,0 5 7 ; “ o t h e r c h a r g e s ,” $ 4 1 ,9 3 5 ; s u r p lu s , n o n e
’
R O A D .— O p e r a te s 4 1 .2 3 m ile s o f tr a c k fr o m H a n ls b u r g t o F a lr v le w
M a r y s v ille . R iv e r t o n , N e w C u m b e r la n d .W h it e HU1, C a m p H ill S h lr e m a n s to w n , M e c h a n lc s b u r g , B o llin g S p r in g s a n d C a r lis le . 31 c a r s .
G auge
5 f t . 2 In .; 50 a n d 1 0 0 -lb . g ir d e r a n d T -r a ll.
O F F I C E R S .— P r e s ., M . C . K e n n e d y . C h a m b e r s b u r g : S e c .- T r e a s ., W . L .
R i t c h e y , C h a m b e r sb u r g ; A u d ., C. M . D a v is o n , C h a m b e r s b u r g ; S u p t . .
O. H . B is h o p , L e m o y n e .— V . 7 8 , p . 1 3 9 3 .
H A T T IE S B U R G , M IS S .
H A T T I E S B U R G T R A C T IO N CO .
O R G A N I Z A T I O N .— O r g a n iz e d in 1 9 0 6 .
S e p t. 2 1007 p u rch ased H a t
tie s b u r g G a s. C o . a n d H a t t ie s b u r g L ig h t & P o w e r C o ., g i v in g c o m p a n y
a m o n o p o ly o f g a s , s t r e e t r a ilw a y a n d e le c t r ic l ig h t b u s in e s s o f c i t y .
S treet
r a ilw a y fra n ch ise 2 5 y e a r s fr o m 1 9 0 6 .
STO C K A N D B O N D S —
D ate. In te re st.
O u tsta n d in g .
M a tu r ity .
S t o c k ( $ 5 0 0 ,0 0 0 ) ...................... ....................................................
$ 5 0 0 ,0 0 0
1 s t m tg e $ 3 0 0 ,0 0 0 ( $ 1 ,0 0 0 )1 1 9 0 8
6 J -J
1 9 5 ,0 0 0 J a n . l ' i 9 2 8
g o l d .............................................. c * j S ta n d a r d T r u s t C o ., N e w Y o r k , T r u s t e e .
B o n d s . — S in k in g fu n d r e tir e s b y p u r c h a s e $ 5 ,0 0 0 b o n d s a n n u a lly b e g in
n in g J a n . 1 1 9 0 9 , a t a p r e m iu m u p to a 5% b a sts; b o n d s c a n n o t b e c a lle d .
V. 87, p . 97.
R O A D .— H a s c o m p le t e d 7 m ile s o f t r a c k .
B e g a n o p e r a tio n s S e p t 12
1909.
N e w p o w e r h o u s e w it h 8 2 5 k . w . c a p a c it y p u t In o p e r a tio n S e p t . 1
E A R N I N G S .— F o r 12 m o n th s e n d in g M a y 1 1 9 0 9 flig h t a n d p o w e r a l o n e ) ,
G r o s s , $ 5 6 ,0 9 8 ; n e t , $ 2 6 ,3 2 9 ; c h a r g e s , $ 1 2 ,0 0 0 ; s u r p lu s , $ 1 4 ,3 2 9
O F F I C E R S .— P r e s ., S . E . T m .-i* - 1 st v .- o ., H . S . S t e v e n s : 2 d V . - P .
Pre«
s
k
T r a v is: i« r V - P
«
£
II. A . C a m p ; S e c . a n d T r e a s ., N . B . B l o u n t .— V . 8 7 , p . 97; V . 8 8 , p . 6 2 4 .
H A V E R H IL L , M A SS,
M E R R IA 1 A C V A L L E Y E L E C T R I C C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N — O r g a n iz e d In F e b . 1 9 0 7 a n d o w n s 2 ,1 3 9 o u t o f 2 .4 0 0
s h a r e s o f t h e C itiz e n s E le c tr ic S t r e e t R y .; 3 2 9 o u t o f 4 0 0 s h a r e s o f S a lis b u r y
L a n d & I m p r o v e m e n t C o ., a n d e n tir e 1 0 0 s h a r e s o f S a lis b u r y B e a c h C or
p o r a t io n s t o c k .
T h e H a v e r h ill & A m e s b u r y S t , R y . , fo r m e r ly o w n e d ,
w a s In 1 9 0 9 s o ld t o t h e N e w H a m p s h ir e E le c . R y s . C o .
S T O C K .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ___ ______
___________
$692 900
*’
P r e f 5 % c u m $ 8 2 5 ,0 0 0 ( $ 1 0 0 ) . .........................................
4 1 7 ,2 0 0 ’ *1909 *5%
D iv i d e n d s — O n p r f rre - t o o k In 1 9 0 7 , 2 A
In 1 9 0 8 . 5 ..
’
O F F I C E R S .— P r e s ., J a m e s F. S h a w ; T r e a s ., G e o r g e A . B u t m a n .__ V
84, p. 450.
’
(1) C i t i z e n s ’ E l e c t r ic S t r e e t R y , — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In A p ril 1 8 9 9 a n d p u r c h a s e d fra n ch ise s
a n d p r o p e r ty o f th e N e w b u r y p o r t & A m e s b u r y R R . a n d P lu m I s la n d S t r e e t
R y . , a n d r e c o n s t r u c t e d t h e p r o p e r ty .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k $ 2 4 0 ,0 0 0 ( $ 1 0 0 ) . ......................
J -J
$ 2 4 0 ,0 0 0 J u l y ’0 9 2 U % ’
F ir s t m o r t g a g e $ 2 3 0 ,0 0 0 g o ld f 1 9 0 0
5 g J -D
2 3 0 ,0 0 0
D ec. 1 1 9 2 0
1 B e a c o n T r u s t C o ., B o s t o n , T r u s t e e .
---------6 4 231
C u r r e n t lta h llt lc s S e p t . 3 0 ’0 8 -----D I V I D E N D S . — F->r fiscal y e a r e n d in g 1 9 0 1 ,8 % ; 1 9 0 2 ?% • 19 0 3 fi’%*
In 1 9 0 4 , 5 A % ; In 1 9 0 5 . 5 % : In 1 9 0 6 , 5 % ; In 1 9 0 7 , 5 % ; ’in 1 9 0 8 , 6 % ; Tri
1 9 0 9 , J a n ., 2 A % ; J u ly , 2 A % .
’
R O A D .— O w n s a b o u t 18 m ile s o f t r a c k In N e w b u r y p o r t , in c lu d in g lin e s
t o H a v e r h ill. A m e s b u r y a n d P lu m I s la n d .
O p e r a te s 3 5 c a r s
E A R N I N G S .— F o r fiscal y e a r e n d in g S e p t . 3 0 1 9 0 8 g r o s s. $ 1 0 3 ,3 1 4 - n e t
$ 4 1 ,5 0 8 - I n te r e s t a n d t a x e s . $21 0 8 2 : d iv id e n d s , $ 1 2 ,0 0 0 ; surplus $ 8 , 5 1 6 ’
O F F I C E R S .— P r e s ., J a s . F . S h a w , B o s t o n ; T r e a s ., G . A . B u t m a n 8
C o n g r e s s S t r e e t , B o s t o n ; S u p t . , O . F . F lie s , N e w b u r y p o r t .
O ffic e 33
M a r k e t S q u a r e , N e w b u r y p o r t .— V . 7 2 , p . 4 4 .
NEW HAMPSHIRE ELECTRIC RYS.
O R G A N IZ A T IO N .— In co rp o rated In A ugust 1905 as successor u n d e r
foreclosure of th e New H am pshire T ractio n Co , as p er plan In V. 79. p .
2205. C om pany Is m anaged by a board of tru stees. Owns an d co n tro ls
th e following com panies: A m esbury & H am p to n S tree t R y ., S eabrook &
H am p to n Beach S tree t R y ., H averhill & Plalstow S tree t R y ., H averhill
Plalstow & N ew ton S tree t R y ., P o rtsm o u th & E xeter S tree t R y ., D over
Som ersw orth & R o ch ester S tree t R y ., H udson Pelham & Salem S tre e t R y .,
H averhill < S o u th ern New H am pshire S treet K y ., Law rence
&
M ethuen
S tree t R y .. Lowell & Pelham S tree t R y ., R ockingham C o u n ty L ight &
Pow er Co.. Cannblc Lake Co. and G ran’tc S ta te Land Co
All of th e cap ital stocks of these com panies are owned by th e New H a m p
shire E lectric R y s., as are also th e o u tsta n d in g bonds of a l l th e com panies,
w ith th e exception of those given In tab le below. F r a n c h i s e s of all th e con
s titu e n t com panies are perpetual.
In J u n e 1909 acquired control of th e H av erh ill & A m esbury S t. R y .;
V. 88. p. 1500
A five-year c o n tract for pow er was m ade w ith th e E x e te r & H a m p t.
Elec. Co. In Ju ly 1908.
T h e H udson Pelham & Salem E lectric R y . was foreclosed J u ly 19 1907
a n d succeeded by th e H udson Pelham & Salem S tree t R y . C o ..w ith capi
talizatio n of $200,000 In bonds an d $200,000 In sto ck , all acq u ired by the
New H am pshire E lectric R ys.
STOCK A N D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
L a s t D lv .
Common, $4,000,000 ( $ 1 0 0 ) . . ____
_______
$3,900,200 .....................
P re f.4 % n -c . $4 000 000 ($ 1 0 0 )..............................
3,399,500
J l y ’09.1
Coll tru s t notes $200,000 g o ld .............
5%
.................J a n 1 1912
U N D E R L Y IN G
L IE N S .
D over Somers & R och 1st M.1
g, $300,000 ($1,000), c* s f 1901 5 g J -J
See te x t. Ju ly 1 1921
$5,000 p er an n begins 1904;}Interest a t A m erican T ru st Co., B oston,
bds can n o t be called. G uar
T ru stee,
p & 1 by Ex H am p AAmb.J
A m esbury < H am pton 1st M,( 1899 5 g A-O
fe
See te x t. O ct 1 1919
gold $100,000 ($1,0001.- . j l n t . a t Beacon T r. Co.. B oston. T ru ste e .
B o n d s . — Of th e $300,000 of th e Dover Som . & R och. bonds, all Issued,
$186,000 are owned by th e New H am p. Elec. R ys. Of th e $100,000 Arnes
& H am p . bonds, all Issued. $16,000 are owned by th e N. H . Elec. R ys.
$5,000 A m es. & H am p . bonds a n d $33,000 D ov. Som . & R och. bonds In
sinking fu n d S ep t. 1 1909. C ollateral notes a re to be Issued to provide for
re p a irin g a n d rebuilding H averhill & A m e s,an d a re secured by securities
of sub sid iary com panies.
E A R N IN G S .— F o r y e a r ending Ju n e 30 1909, gross, $685,628; n e t,
$171,773: in te re s t an d tax es, $22,342; su rp lu s, $149,431. In 1908, gross,
$667,827: n e t, $153,344; In terest a n d ta x e s, $22,221; su rp lu s, $131,123.
D IV ID E N D S .— C om pany Is paying 1% each six m o n th s on preferred.
R O A D .— Companies controlled com prise (exclusive of th e recently
acquired H averhill & A mesbury) a b o u t 138 miles of tra c k connecting
N ashua, P elh am , Lowell. L aw rence, M ethuen, H av erh ill, Salem , Ames
b u ry , E x e te r an d P o rtsm o u th , D over, Som ersw orth, R o ch ester and E ast
R ochester— all points In N. H . o r Mass. C om pany ow ns several pleasure
reso rts. Also does electric-lighting business. P o p u latio n served, 300,000.
O F F IC E R S .— P res., D. A. B elden, H averhill; V .-P .. M. N . B uckner.
New Y ork: Sec. and T rea s., F . J . H orne, New Y ork. V. 86, p . 420, 668,
1042.
(1) H averhill & A m esbury Street R y.— Trolley road
On Ju n e 1 1909 th e New H am pshire Elec. R y . acquired co n trol. The
purchase Includes all e q u ity above th e $290,000 bonds o u tsta n d in g . I t Is
proposed to reco n stru ct an d re-equlp th e ro ad a t once.— V. 88, p. 1499.
STOCK A N D BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock $250,000 (par $100).
See te x t
$150,000 O c t.'97, 3 %
Black R ock &Salisbury B ch/ 1891
5 g J -J
04,000 Ju ly 1 1911
first m ortgage, gold
" ‘
-------,J
(In te re s t a t In te rn a tio n a l T ru st C o., B oston.
5 g J -J
106,000 J u ly 1 1912
H averhill & A m esbury consol 1802
m tge 5290,000 g ($l,000)c* In te re st a t A m erican T ru st Co., B oston, T rus.
6 J-D
200,000 Dec. 1 1911
D ebenture notes ....................... 1806
IIn te re st a t A m erican T ru st C o., B o ston.
D IV ID E N D S .— None since O ct. 1807
R O A D .— H as 27.4 miles of tra c k , Including sidings, &c., ex ten d in g from
H averhill th ro u g h M crrlm ac, A m esbury a n d Salisbury to N e w buryport,
w ith lines along Salisbury B each. 65 cars.
A N N U A L R E P O R T .— F o r years ending S ep t. 30 earnings h av e been:
G ross.
N e t.
$38,678
1907-0 8 .......................................... $121,552
— V. 84, p. 450' V. 87, p. 1089; V. 88 . p . 52.
I n t.,ta x e s ,A c . B a l.,S u r
$52,184
$13,506
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
O R G A N IZ A T IO N .— In co rp o rated In New Jersey M ay 1901, an d acquired
th e en tire ($1,500,000) cap ital stock an d ($1,500,000) bonds of th e WilkesB arre & H azleto n R a i l w a y Co. (P en n sy lv an ia Incorporation) and deposited
th e sam e, to g e th e r w ith $140,000 (entire Issue) of th e Lehigh T rac tio n C o.’s
5 % certificates of Indebtedness an d $922,200 of th e stock of $1,000,000 of
th e Lehigh T rac tio n Co., as secu rity for th e W ilkes-B arre & H azleton R ail
road Co. Issue of first collateral tru s t m ortgage 5 % gold b onds. V . 72,
p. 1281. F r a n c h i s e s a r e 999 years In an d a ro u n d H azleton an d perpetual
From H azleto n to W ilkes-B arre.
STOCK A N D B O ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Com m on $2,500,000 ($100)............................................$2,500,000 ........................
P ref 6 % non-cum $700,000............................................
185,500 .....................
C ollateral tru s t m ortgage $ 2,-/ 1901
5 g M-N15 1,900,000 M ay 15 1951
500.000 gold ($ 1 ,0 0 0 ).. .c * \ I n t . a t G u a ra n ty T ru st Co., N . Y .. T rustee.
C ollateral tru s t m ortgage $1,-/ 1905
5 g A-O
1.227,000 O ct. 1 1045
500.000 gold ($1,000)------c l l n t . a t G u a ra n ty T ru st Co.. N. Y ., T rustee.
B o n d s a n d s t o c k . — Of th e au thorized Issue of $2,500,000 coll, tru s t bonds of
1901, $600,000 are reserved to retire all bonds of th e Lehigh T rac tio n Co. A
sinking fund of $20,000 p er an n u m , com m encing J u n e 1 1908, Is to be In
vested In th e collateral tru s t bonds o r In bonds p u rch asab le by sav in gs banks
In New Y ork S ta te . See V. 72, p . 1281; V. 78, p. 289. T h e co llateral tru s t
term in al bonds have a s i n k i n g f u n d of $10,000 p er a n n u m , com m encing In
1910. B onds can be called beginning A pril 1 1910 a t 110. P referred stock
c an . a t o p tio n of co m p an v , be changed a t an y tim e Into th e bonds of the
com pany a t p a r, said bonds to b ear n o t less th a n 5 % , o r m ay be redeem able
a t p a r In cash.
E A R N IN G S .— F o r y e ar ending D ec. 31 1906, gross, $308,536; n e t,
$165,649.
O F F IC E R S .— P res., A. M arkle; V .-P ., C. B. H ouck; T re a s., N . C.
Yost; Sec., C. J . K lrsch n er.— V. 83, p . 1292; V . 87, p. 679.
(1) Lehigh Traction Co.— A trolley road.
O R G A N IZ A T IO N .— C hartered N ov. 7 1892. F r a n c h i s e p e rp e tu a l.
O w ns, controls an d leases for 999 years a t an a n n u al re n ta l of $1 each th e
H azleton & S u b u rb an E lectric R y ., cap ital $30,000; H azleto n & South
Side Electric R y .. cap ital $75,000; H azleton & N o rth Side E lectric R y .,
c ap ital $75,000. The $140,000 certificates of Indebtedness an d $922,200
of Lehigh T rac tio n sto ck are deposited as secu rity for th e W ilkes-B arre &
H azleto n R R . bonds.
STOCK A N D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000 ($100)...................................................$1,000,000 ........................
F irst m ortgage $500,000 g o ld / 1893
5 g J-D
500,000 J u n e 1 1923
($ 10 0 , $500, $ 1 ,000)___ c*(M arkle B kg. & T r. C o., H azleto n , T rustee.
Certificates of Indebtedness............................................
140,000 .....................
H azle P a rk b onds. $ 6 0 ,0 0 0 ... 1895
5 g A-O
60,000
1925
R O A D .— O perates 22 miles of tra c k , new 58-lb. steel T rails, oak ties, well
ballasted . R oad ex ten d s from H azleton to W est H azleton, to Y orktow n
(connecting w ith Pen n sy lv an ia R R . an d Lehigh Valley R R .), to McAdoo
(south) an d M llnesvllle, L atim er Mines an d F reeland (n o rth ).
E A R N IN G S .— F o r y ear ending J u n e 30 1908, gross, $184,878; n e t,
$72,960: charges, A c., $59,681; su rp lu s, $13,279.
O F F IC E R S .— P res., A. M arkle; V .-P ., C. B. H ouck; Sec., C. J . K lrsch
ner: T rea s., N . C. Y ost: Gen. M gr., C. B. H ouck.
(2) W ilkes-B arre & H azleton R y .— A tro lley , steam an d th ird -ra il ro ad .
O R G A N IZ A T IO N .— C hartered Dec. 13 1899 u n d er G eneral R ailroad Law
A c t,of A pril 4 1868, S ta te of P en n sy lv an ia. T h e W ilkes-B arre A H azleton
R R . owns th e en tire sto ck an d bonds.
D e c i s i o n R e g a r d i n g F a r e s . —Ju d g e F u ller a t W ilkes-B arre A ug. 31 1908
ra n te d an In junction restrain in g a u th o ritie s of Luzerne C ounty from
ringing s u it to p re v e n t com pany from raising passenger fares above 2 cents
p e r m ile. C om pany h a d reduced ra te O ct. 1 1907 In com pliance w ith 2-cent
Fare law passed by P ennsylvania L egislature, b u t, flndlngpassenger business
unpro fitab le on th a t basis, desired to restore old ra te s. See V. 87, p. 679.
g
STOCK A N D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
S tock $1,500,000 full p a id .............................................. $1,500,000 ........................
F irst m ortgage $1,500,000/ 1901
5 g M-N
1,500,000 M ay 1 1951
go ld ............................................ (In te re s t a t G u a ra n ty T ru st C o.. N . Y .. T ru st.
R O A D .— Owns 27 miles of road from H azleton to W ilkes-B arre, an d uses
for term in als 1 mile Lehigh T rac tio n Co. tra c k a t H azleton an d 2 miles
W ilkes-Barre T erm inal R R . Co. track a t W ilkes-Barre; to ta l. 30 miles.
Com m enced p a rtia l operations ,on J a n . 12: rem ainder on M ay 1 1903.
R alls. 95 lbs.
E A R N IN G S .—F o r 12 m onths ending D ec. 31 ,1 9 0 7 , gross, $182,212; n e t,
$90,070. In 1906, gross. $150,056: n e t, $92,018.
O F F IC E R S .— P res.. A. M arkle; V .-P . and Gen. M gr., C. B. H ouck;
T reas., N . C. Y ost; Sec., C. J . K lrschner; S u p t. of T ra n s ., A. F . H arger.
(a) Wilkes-Barre Terminal RR.—
O R G A N IZ A T IO N .— In c o rp o rate d on O ct. 9 1003. S tock authorized
a n d o u tsta n d in g , $35,000 (p a r $50). B onds au th o rized , $600,000 (cA r);
o u tsta n d in g , $60,000 ($1,000). D ate 1905; due O ct. 1 1945. In t. (5 g.
A-O) p ayable In New Y ork. R O A D , 3 m iles, betw een W . B. T er. R R .
Ju n e , an d W ilkes-B arre. R alls, 90-lb. T; gauge, 4 ft. 8M In. P re s ., J . T .
K eith; Sec., A . P . Goedecke; T re a s., J . J . M cG echln.
HELENA, MON.
THE HELENA LIGHT & RAILWAY CO.—Trolley, electric light and
power, gas light and fuel.
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c t ic u t In S e p t . 1 9 0 5 a s s u c
c e s s o r t o t h e H e le n a L ig h t A T r a c t io n C o . V . 8 1 , p . 1 0 4 3 .
C o n tr o ls t h e
H e le n a G a s L ig h t A C o k e C o .; c o m p r is e s t h e c i t y ’s e n t ir e s tr e e t r a ilw a y s
a n d g a s a n d e le c t r ic - lig h t p l a n t s .
F r a n c h i s e s e x p ir e A p r il 4 1 0 2 6 .
STO C K A N D B O N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
C o m m o n $ 9 0 0 ,0 0 0 ........................................................................ $ 5 6 1 ,0 0 0
A u g ’0 9 , 1 %
P r e fe r r e d $ 6 0 0 ,0 0 0 5% c u m .................
5 Q -J 3 !
3 7 4 .0 0 0
A u g ’0 9 , 1 H
F ir s t m o r t g a g e $ 1 , 5 0 0 ,0 0 0 / 1 9 0 5
5 g M -S
8 6 0 ,0 0 0
S e p t. 1 1925
g o ld ( $ 1 , 0 0 0 ) ......... ................c * ( I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t .
B o n d s . — T h e n e w b o n d s o f 1 9 0 5 a r e s u b j e c t t o c a ll a t 1 0 5 a n d I n te r e s t o n
o r a f te r S e p t . 1 1 9 1 0 , $ 6 1 0 ,0 0 0 a r e r e s e r v e d fo r e x te n s io n s a n d I m p r o v e m e n t s ,
o f w h ic h $ 5 0 0 ,0 0 0 m a y b e Issu ed o n ly fo r 8 5 % o f c o s t .
A s in k in g fu n d
ot m %
p e r a n n u m o f b o n d s o u t s t a n d in g c o m m e n c e s J u n e 1 1 0 0 8 , w h ic h
w ill b e In c r e a se d t o 2 H % p e r a n n u m J u n e 1 1 0 1 8 ; s a id fu n d t o b e u s e d In
r e tir e m e n t o f b o n d s a t n o t h ig h e r t h a n 1 0 5 a n d I n t e r e s t . S e e V . 8 1 . p . 1550.
$ 3 0 ,0 0 0 h a v e b e e n r e tir e d b y s in k in g f u n d to d a t e .
.
D U l d e n d s . — F iv e p er c e n t p e r a n n u m In q u a r t e r ly I n s ta llm e n t s Is b e in g
p a id o n p r e f. s t o c k .
F ir s t d iv id e n d o n c o m m o n , 1 %. p a id O c t. 31 1 9 0 6 .
I n 1 9 0 7 , J a n . 3 1 , 1% ; A u g . 1 , 1 % ; N o v . 1 , 1 % ; n o n e t h e r e a f t e r u n t il M a y
1 0 0 9 , 1%.: A u g .. 1 % .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c 31 1 9 0 8 , g r o s s , $ 2 7 0 ,6 7 4 ; n e t ,
$ 9 6 4 1 1 ; fix e d c h a r g e s , $ 4 2 ,1 0 6 , s in k , f u n d , $ 1 3 ,1 0 0 ; s u r p lu s , $ 4 1 ,2 0 7 .
•
R O A I L — O p e r a te s 17 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., P . G . G o ss le r , N e w Y o r k ; V . - P . , M . H . G e r r y J r .,
H e le n a : S e c ., H . S . C o lle t t e , N e w Y o r k ; T r e a s ., T . F . W ic k h a m , N e w
Y o r k ; A s s t . S e c . a n d A s s t . T r e a s ., A . B . S i b le y .
O p e r a te d u n d e r t h e g e n
e r a l m a n a g e m e n t o f J . G . W h ile & C o . I n c . , N e w Y o r k C it y .— V . 8 1 , p . 7 7 ,
8 8 9 , 1 0 43, 1550; V . 8 3 , p . 1037; V . 8 8 , p . 1 0 61.
HENDERSON, KY.
HENDERSON TRACTION.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In K e n t u c k y F e b . 2 2 1 9 0 7 a s a s u e
c e s s o r t o t h e H e n d e r s o n C ity R y . , s o ld a t f o r e c lo su r e o n F e b . 18 1 9 0 7 .
T h e o ld r a ilw a y h a d a 3 0 - y c a r fra n ch ise g r a n t e d In O c t . 1 8 8 6 , a n d a ls o c o n
t r o lle d t h e H e n d e r s o n F e r r y C o ., w h ic h h a s s in c e b e e n s o ld .
V . 84, p. 508.
STO C K A N D B O N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k $ 1 5 0 ,0 0 0 ( $ 1 0 0 ) ......................... . .
......................
$ 1 5 0 ,0 0 0 ......... ................
F ir st
m o rtg a g e ,
$ 1 5 0 ,0 0 0 / 1 9 0 7
5 g A -0
1 0 5 ,0 0 0 A p r .15 1 9 2 7
(S I ,0 0 0 , $ 5 0 0 , $ 1 0 0 ) g o l d . . ( I n t . a t O h io B k g . & T r u s t C o ., H e n d e r s o n ,T r .
B o n d s . — O f t h e 1 9 0 7 m o r t g a g e , t h e $ 1 0 5 ,0 0 0 b o n d s o u t s t a n d in g w e r e u se d
t o p u r c h a s e t h e H e n d e r s o n C it y R l'w y .
T h e r e m a in in g $ 4 5 ,0 0 0 ar e
r e se r v e d fo r e x te n s io n s a n d I m p r o v e m e n t s . T h e y a r e s u b j e c t t o c a ll on
A p r il 15 1 9 1 2 , 1 9 1 7 a n d 1 9 2 2 a t 1 0 5 .
N o s in k in g fu n d .
R O A D .— O p e r a te s 6 m ile s o f s t r e e t r a ilw a y .
O F F I C E R S .— P r e s ., J . H . L y n e : V . - P . , C . C. T e n n is ; S e c . a n d T r e a s .,
C h a s. E . D a lla m .— V . 8 3 , p . 3 8 0 ; V . 8 4 , p . 3 3 9 , 1 4 2 8 .
HOLYOKE, MASS.
HOLYOKE STREET RAILWAY.—Trolley.
O R G A N I Z A T I O N .— L e a s e s t h e M t. T o m (In clin e ) R R . u n t il J u n e 1 1 9 2 2
a t 6 % p e r a n n u m o n t h e $ 1 0 0 ,0 0 0 s t o c k .
In 1907 p u rch ased th e H a m p sh re S t r e e t R y . (p r e v io u s ly l e a s e d ) . V . 8 5 , p . 4 0 .
In A u g . 1907 p u rch a sed
t h e A m h e r s t & S u n d e r la n d S t r e e t R y . ( V . 8 5 , p . 2 9 4 ) , g i v in g a t h r o u g h
c o n n e c tio n fr o m H o ly o k e t o A m h e r s t a n d S u n d e r la n d .
STO C K —
D a te .
I n te r e s t. O u ts ta n d in g . M a tu r i ty , A c .
Stock, $1,073,000 ($100)__________
8 J -J
$1,073,600 J u ly ’09,4%
Deb bonds ($500, $1,000) _.c* 1895
5 A-O
250.000 A pril 1 1915
Deb bonds ($500, $ l,0 0 0 )_ .c * 1899
5 A-O
85.000 O ct. 1 1920
D ebenture b onds................ ......... 1903
5 A-O
265.000 A pril 1 1923
Leased line re n ta l M t Tom R R
stock 6 % ___________ _____
..........................
C urrent liabilities S ept 30 190.
___
96,772 --------------In te re st on all bonds p ayable a t H olyoke N ational B ank.
D iv id e n d s . — In 1892 to J u ly 1909 Inclusive, 8% yearly.
R O A D .— H as 68.7 miles of tra c k , Including M t. Tom (Incline) R R .,
4.900 feet long, and connecting w ith th e W oronoeo S tree t R y. to W estfield,
M ass.; w ith Springfield S t. R y. to Springfield, M ass., and w ith N o rth a m p
ton S t. R y . to N o rth a m p to n , M ass., an d d irect to Chicopee, Chicopee Falls
South H adley, A m herst and S u n d erlan d . P assenger cars, 123; o th e r ser
vice cars, 26: snow-plow s, 8; o th e r vehicles, 8; electric m otors, 277.
E A R N IN G S .— Years ending S ep t. 30 (1907 figures Include 2 m o n th s
earnings of A m herst A S underland S tre e t R y):
1908.
1907.
1908.
1907.
Gross e a rn in g s...$ 4 6 7 ,5 4 5 $480,779 D lvs. paid ( 8 % ) .. $82,144 $64,000
N e t .......................... 156,479 180,453 B alance for y e ar.d f.3 4 ,7 9 9 sur.8,479
In te re s t, ta x e s,A c . 109,128 107,974
B alance for d lv s .. 47,345
72,479
S u rp . S ep t. 3 0 . $63,427 $98,226
O F F IC E R S .— P re s., Gen. Mgr. and P u r. A g t., W m . S. Loom is; Sec. and
T rea s., Louis D . Pellissler; S u p t., G. H . H u n te r, all of H olyoke.— V. 85,
p. 40, 284; V . 86, p. 52.
__
100.000
HOT SPRINGS, ARK.
HOT SPR IN Q S STREET R A IL W A Y .— T rolley.
O R G A N IZ A T IO N .— C hartered In 1804; successor to H o t Springs E lectric
S treet R y.
STOCK A ND BONDS—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k ....................................................................................
$500,000 ------- -------F irst m ortgage gold ($500,000) 1804
6 g J-D
350,000 J u n e 1 1924
C om m onw ealth T ru st Co., S t. Louis, M o., T ru stee.
R O A D .— O perates 12 miles of tra c k .
O F F IC E R S .— P res., S. W . Fordycc; V .-P ., W . C. Fordyce; Sec. and
T re a s., H . J . L e h m a n . ________ ____________
HOUGHTON, MICH.
HOUGHTON COUNTY TRACTION CO.— Trolley road.
O R G A N IZ A T IO N .— O rganized In 1908 a nd took over H oughton C ounty
S tree t R y ., w hich la tte r com pany was Incorporated In 1899. F ra n ch ise s
In public streets expire In 1930, 1932 a n d 1933. P riv ate rig h t of w ay p er
p etual.
STOCK AN D B O ND S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
Common. $750,000 ($100)............................- ...............
$750,000 O ct ’09, 2%
P ref.. 6% cum $500,000 ($10’' ) -----A-O
207.200 O c t ’09. 3%
1st consol m tge $1,600,0001 1908
5 g J-J
400,000 J a n 1 1 937
($500 and $1,000) g o ld ----- l i n t , a t C ity T ru st Co., B oston. T rustee.
H ough Co S t R y m tge $750,-/ 1900
5 g J -J
750,000 Ju ly 1 1920
000 gold ($1,000)-----------c*( In t. a t B oston Safe D ep. A T r. Co.. T ru stee.
S to c k a n d B o n d s . — Preferred stock Is redeem able a t 110. $750,000 consol,
m tge. bonds reserved for prior liens $450,000 for fu tu re a d d itio n s a t 80%
of cost; th e y are subject to call as a whole or In p a rt for sinking fund a t
105 a nd In t. Sink, fund 1M % of o u tsta n d in g bonds a fte r M arch 1 1910.
T he H oughton C ounty S tree t R y. bonds can be called as a whole or In p a rt
a t 105 and Interest. V. 87, p. 614.
D iv id e n d s . — On preferred 3% sem i-annually from O ct. 1908 to O ct. 1909
Inclusive. On com m on, first dividend— 2 % — O ct. 1909.
R E P O R T .— F or year ending Dec. 31 1908, gross, $265,576; n e t, $117,331;
in te re st, $59,632; dividends (6 % ), $12,306; surplus, $45,393.
D iv id e n d s . — F ir st d iv id e n d o n s t o c k . 1 % , w a s p a id D e c . 31 1 9 08; In
1909, J u n e , 1% .
R O A D , & c .— In a d d it io n to 1 3 6 m ile s o f I n d ia n a p o lis S t r e e t R y . , h a s
c o m p le t e d 1 8 .1 m ile s o f s in g le tr a c k a n d o w n s la r g e o f fic e a n d te r m in a l
b u ild in g , t r a in - s h e d s a n d t h r e e f r e ig h t d e p o t s c e n tr a lly lo c a t e d In I n d ia n a p o
lis; a ls o r e a l e s t a t e o n w h ic h s a m e a r e c o n s t r u c t e d . T h is t e r m in a l Is u s e d
b y a ll ln te r u r b a n r o a d s (12 In n u m b e r ) e n t e r in g I n d ia n a p o lis .
O wns
e le c tr ic a l a n d s t e a m e q u ip m e n t o f 7 ,0 0 0 k . w . c a p a c it y .
H a s 92 d o u b le
tr u c k c lo s e d a n d 3 5 d o u b le tr u c k o p e n c i t y c a r s.
E A R N I N G S .— F o r c a le n d a r y e a r s:
„
.
Y ea r —
G ross.
N e t.
C harges.
S u r p lu s .
H U D S O N ?N . Y .
$ 1 ,4 6 3 ,3 9 5
$ 1 ,2 4 8 ,1 8 3 * $ 2 1 5 ,2 1 2
1 9 0 8 ......................................... ..........$ 2 ,0 7 3 ,4 3 6
A L B A N Y S O U T H E R N R R .— T h ir d r a il.
............................................ 2 ,6 8 3 ,8 2 6
1 .4 7 5 .1 4 3
1 ,2 5 0 ,5 8 2
2 2 4 ,5 6 1
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k S e p t . 14 1 9 0 9 a n d is 1 9 0 7
190 6
2 ,5 0 3 .2 8 4
1 ,4 2 4 ,4 6 8
1 ,2 3 4 ,2 9 4
1 9 0 ,1 7 4
s u c c e s s o r to t h e A lb a n y & H u d s o n R R . C o . s o ld u n d e r f o r e c lo s u r e o n
* O u t o f $ 2 1 5 ,2 1 2 su r p lu s In 1908 a d l v . o f $ 5 0 ,0 0 0 w a s p a id .
S e p t . 8 1 9 0 9 (p e r p la n V . 8 9 , p . 2 2 3 ) .
V . 8 9 , p . 7 2 0 . F ra n ch ise s a r e p e r
O F F I C E R S .— P r e s ., H u g h J . M c G o w a n ; V . - P . & G e n . M g r ., R o b t. I .
p e t u a l.
D o e s a fr e ig h t a n d e x p r e s s b u s in e s s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity - T o d d ; V . - P . , E . B . P e c k ; V . - P ., J o h n J . A p p e l; V . - P ., H . P . W a s s o n ;
C o m m o n $ 1 ,3 7 5 ,0 0 0 ($ 1 0 0 ) ...................................... .......... 5 1 ,3 7 5 ,0 0 0 ......... ................ V . - P ., M a r sh a ll S . A lo rg a n ; S e c . & T r e a s ., YV. F . M llh o lla n d . V . 8 1 , p .
2 6 4 ; V . 8 2 , p . 6 2 7 ; V . 8 3 , p . 1 4 11; V . 8 7 , p . 1 6 6 4 .
P r e f $ 2 ,1 0 0 ,0 0 0 5% n -c (5 1 0 0 ) ____
___________
2 ,0 2 9 ,0 0 0 ------------------F ir s t m o r t g a g e
$ 1 ,5 0 0 ,0 0 0 \ 19 0 9
5 g M -S
S e e t e x t S e p t 1 19 3 9
(1) I n d ia n a p o lis S tr e e t R y .— A t r o lle y s y s t e m .
g o ld ( $ 1 ,0 0 0 ) ___________ c* J M a n h a t ta n T r u s t C o ., N e w Y o r k , T r u s t e e .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a M arch 7 1 8 9 9 .
A fter
B o n d s . — $ 1 ,2 5 0 ,0 0 0 o f b o n d s w e r e to b e s o ld to b a n k e r s , p r o c e e d s to b e a c q u ir in g t h e C it iz e n s ’ S t r e e t R R . o f I n d ia n a p o lis a n d t h e C ity R a ilr o a d ,
u s e d in a c q u ir in g A lb a n y & G r e e n b u sh B r id g e C o . a n d fo r s tr a ig h t e n in g
m a d e a c o n t r a c t w it h t h e C ity o f I n d ia n a p o lis a g r e e in g t o su r r e n d e r t h e
a n d d o u b le - tr a c k in g r o a d , a n d to p a y fo r a p p a r a t u s h e r e to fo r e I n s ta lle d . r ig h ts a n d fr a n c h is e s o f b o th c o m p a n ie s a n d a c c e p t a n e w f r a n c h is e r u n n in g
S in k in g fu n d o f 1 K % o f b o n d s a u t h o r iz e d fr o m 1 9 1 7 to 1 9 22; 19 2 2 to 1 9 2 9 , o n ly t h ir t y -f o u r y e a r s . T h e c o n t r a c t a lso p r o v id e s t h a t c a s h fa r e s a r e n o t
2 % ; 19 2 9 to 1 9 3 9 , 3 % .
B o n d s a r e s u b j e c t to c a ll a s a w h o le a t 106 a n d
t o e x c e e d fiv e c e n t s , w it h fre e t r a n s fe r s , a n d t ic k e t s a r e t o b e s o ld a t t h e r a te
I n t e r e s t o n a n y I n te r e s t d a y .
, _
,
o f s ix fo r t w e n t y - f iv e c e n ts a n d t w e n t y - f iv e fo r o n e d o lla r .
R O A D .— O p e r a te d b y t h ir d -r a il s y s t e m fr o m H u d s o n v ia R e n s s e la e r to
T h e c o m p a n y a lso b in d s I ts e lf t o p a y o v e r t o t h e c i t y (w h ic h Is t o e x p e n d
A lb a n y .
C o m p r ise s 3 7 m ite s o f m a in lin e a n d 9 m ile s o f s id in g s , w ith 2 It o n t h e p u b lic w o r k s) t h e su m o f $ 3 0 ,0 0 0 y e a r ly fro m 1 8 9 9 t o 1 9 2 5 , a n d
a d d it io n a l m ile s o f o v e r h e a d t r o lle y r o a d to H u d s o n . T o t a l , 4 8 m ile s .
In
$ 5 0 ,0 0 0 y e a r ly fro m 1 9 2 6 t o 1 9 3 2 , I n c lu s iv e , t h e c o n t r a c t e x p ir in g In 1 9 3 3 —
F e b . 1 9 0 0 m a d e c o n t r a c t g iv in g It p r iv ile g e to e n t e r A lb a n y o v e r th e tr a c k s s e e V . 6 8 , p a g e 7 2 3 . T h e c it y g e t s t h e r ig h t t o p u r c h a s e t h e p r o p e r ty " a t
o f t h e U n it e d T r a c t io n o f A l b a n y .
O p e r a te s 3 0 p a s s e n g e r ca r s a n d 14 a n y t im e w it h in t w o y e a r s a n d n o t la te r t h a n o n e y e a r b e fo r e t h e e x p ir a t io n
f r e ig h t a n d e x p r e s s c a r s a n d 3 s n o w - p lo w s .
R a lls 7 0 a n d 8 0 - lb . s te e l; o f t h is c o n t r a c t ,” n o t h in g t o b e p a id fo r t h e v a lu e o f t h e f r a n c h is e .
Law
s t a n d a r d g a u g e . S u p p lie s lig h t a n d p o w e r a lo n g r o u t e . A n e x t e n s io n to
s u s ta in e d M a y 1 9 0 2 . V . 7 4 , p . 9 3 6 .
. .
.
P i t t s f i e ld , M a s s ., Is u n d e r s e r io u s c o n s id e r a t io n .
A s t o t h e t h r e e - c e n t fa re c a s e , w h ic h t h e U . S . C o u r t o f A p p e a ls d e c id e d
O F F I C E R S .— P r e s ., R . A . C . S m it h ; S e c . a n d T r e a s ., I . W . D a y ; G en . In f a v o r o f t h e C it iz e n s ’ C o . In D e c . 1 8 9 7 , s e e S u p p le m e n t o f N o v . 1 8 9 8 , a n d
M g r ., R . H . S m it h . — V . 8 9 , p . 7 2 0 .
V. 6 4 , p . 8 4 2 , 1 1 80; V . 6 5 , p . 5 1 , 1 8 1 , 1 1 7 2 .
G u a r a n te e s t h e ($ 4 0 0 ,0 0 0 ) b o n d s o f B r o a d R ip p le T i a c t l o n C o ., a n d o w n s
7 5 % o f Its s t o c k .
. .
„
H U NTIN GTO N , W . V A .
L ease .— O n D e c . 2 9 1 9 0 2 w a s le a s e d t o t h e I n d ia n a p o lis T r a c t io n <c T e r
3
m in a l C o . fo r 31 y e a r s . S e e V . 7 5 , p . 1 3 0 1 .
L e a s e p r o v id e s fo r d iv id e n d o f
O H IO V A L L E Y E L E C T R IC R A I L W A Y C O .— A t r o lle y r o a d .
1 % J a n . 1 1 0 0 3 , th e n 3 % In s e m i-a n n u a l I n s ta llm e n t s for fir st y e a r . 4 % for
O R G A N I Z A T I O N .— I n c o r p o r a te d In W e s t V ir g in ia In 1 9 0 0 .
In J u n e
s e c o n d y e a r , 5 % fo r th ir d y e a r a n d 6 % a f te r J u ly 1 9 0 6 . A s p a r t c o n s ld c r a 1 9 0 6 w e w e r e a d v is e d t h a t fr a n c h is e s , s u c h a s a r e n o t p e r p e tu a l, t h e n h a d
l ion fo r le a s e , I n d ia n a p o lis S t . R R . s h a r e h o ld e r s w e r e g iv e n $ 1 ,5 0 0 ,0 0 0
fr o m 15 t o 4 0 y e a r s t o r u n .
C hange of N a m e . — In F e b . 1 9 0 8 n a m e w a s c h a n g e d fro m C a m d e n I n te r t n d . T r a c . & T e r m , s t o c k .
S t a t e R y . t o t h e O h io V a lle y E le c tr ic R a ilw a y .
O n M a y 1 1 9 0 8 a c q u ir e d
STO C K A N D B O N D S —
D a te. In te re st.
O u tsta n d in g . M a tu r ity A c
$ 5 0 0 ,0 0 0 s to c k o f K a n a w h a V a lle y T r a c t io n C o . a n d is s u e d p r e f. s t o c k to C a p ita l s t o c k ( $ 1 0 0 ) ___________ ____
J -J
$ 5 ,0 0 0 ,0 0 0 J u l y ’0 9 , 3 %
I n d ia n a p o lis S t . R y . g e n .)
1 8 9 9 4 g J -J
6 ,0 0 0 ,0 0 0 J a n . 1 19 3 3
p a y fo r p u r c h a s e .
M.
$ 6 ,0 0 0 ,0 0 0 .
g o l d U n t e r e s t a t G u a r . T r u s t & S a fe D e p o s it C o .,
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
( $ 1 ,0 0 0 ) , g u a r ...................... c*J
P h l la ., T r u s t e e .
.........................
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................? 2 * ? ? 9 ’9 ™
C it iz e n s ’ S t . R y . 1 st M .,1
1 8 9 3 5 * M -N
4 ,0 0 0 ,0 0 0 M a y 1 1 9 3 3
P r e f 6% c u m $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) .............................. - - - - - . **44,300
$ 4 ,0 0 0 ,0 0 0 g o l d . . .............. c * (
C e n tr a l T r u s t C o ., N e w Y o r k , T r u s t e e .
C am I n t e r - S t a te n e w M , $ 1 ,-1 19 0 1
5 g M -S
1 ,3 5 0 ,0 0 0 M ar 1 1921
1 9 0 9 5 M -N
$ 2 0 0 ,0 0 0
See te x t.
5 0 0 ,0 0 0 , g ( $ 1 .0 0 0 ) , n o s f , jC Itlz e n s’ T r u s t & G u a r a n ty C o ., P a r k e r s- E q u ip , c e r t ific a te s , $ 2 0 0 ,0 0 0 1
( $ 1 , 0 0 0 ) ......... ....................... — / F i d e l i t y T r . C o ., P h ila d e lp h ia , t r u s t e e .
a n d c a n n o t b e c a l l e d .. c & r )
bu rg, T r u ste e.
t
I n t e r e s t o n C itiz e n s ' c o n s o ls a t F o u r t h S t r e e t N a t . B a n k , P h ila d e lp h ia .
H u n t & C h a r ie s t R R g u a r b y \ ------5 J -J
1 7 5 ,0 0 0 S e p t 1 1 0 3 6
T h e m o r tg a g e o f 18 9 9 w a s fo r $ 7 ,0 0 0 ,0 0 0 , b u t $ 1 ,0 0 0 ,0 0 0 h a s b e e n c a n
C a m d e n I n t e r - S t a t e .............. / i n t . a t R e a l E s t a t e T r u s t C o ., P h ila d e lp h ia .
C o n s. L t . & R y . M .. g u a r ......................
6 % M -A 2 7
1 0 0 ,0 0 0 A u g 6 19 2 2 c e le d . N o b o n d s r e se r v e d fo r t h e C itiz e n s ’ c o n s o ls . T h e c o m p a n y b in d s
I ts e lf to p a y t o t h e I n d ia n a T r u s t C o . a s u m a n n u a lly s u f fic ie n t t o r e d e e m
A s h l. & C a t t l. M ., g u a r ...........................
6 % J -J
5 0 ,0 0 0 J a n 1 1919
to r e tir e C o n s. L t . & a t m a t u r it y t h e g r e a te r p a r t o f t h e e n tir e Issu e o f I n d ia n a p o lis S t r e e t R y .
B o n d s . — $ 1 5 0 ,0 0 0 o f t h e n e w b o n d s a r c r e s e r v e d
b o n d s; t h is p r o v is io n Is g u a r a n t e e d b y t h e I n d ia n a p o lis T r a c tio n & T e r m in a l
R y a n d A s h l. & C a t t l. b o n d s .
I n t e r e s t o n t h e b o n d s Is p a y a b le a t t h e
C o. S e e V . 7 6 , p . 5 4 2 .
E q u ip , c e r t ific a te s m a tu r e N o v . 1; $ 1 0 ,0 0 0 In e a c h
U n io n T r u s t & D e p o s it C o. o f P a r k e r s b u r g .
E A R N I N G S . — F o r c a le n d a r y e a r 1 9 0 8 (In c lu d in g K a n a w h a V a lle y T r a c y e a r 1 9 1 0 a n d 1 9 1 1 ; $ 5 ,0 0 0 e a c h y e a r 191 2 a n d 1 9 1 3 , a n d $ 1 0 ,0 0 0 y e a r ly
fro m 1 9 1 4 t o 1 9 1 7 I n c lu s iv e .
T h e y c o v e r p u r c h a s e o f 54 n e w c a r s.
V. 88,
t i o n ) , g r o s s . $ 4 9 3 ,7 4 8 .
I n 1 9 0 7 , g r o s s . $ 4 1 0 ,7 4 0 .
R O A D .— O p e r a te s 3 7 m ile s o f tr a c k ( n o t in c lu d in g K a n a w h a V a lle y p . 1 4 9 9 .
S t o c k a n d b o n d s lis t e d o n P h lla S t o c k E x c h a n g e .
V . 69, p. 851.
T r a c t io n C o .) In a n d b e t w e e n H u n t in g t o n , W . V a . . C a t t le t ts b u r g a n d
R O A D .— O p e r a te s 136 m ile s o f tr a c k , w it h 3 5 0 c a r s.
9 0 - lb . r a il.
A s h la n d , K y . , a n d I r o n t o n , O h io .
O F F I C E R S .— P r e s ., H o n . W m . C . S p r o u l, C h e s te r , P a .; V . - P . , W m . S .
O F F I C E R S .— P r e s ., G eo r g e B r o w n , I n d ia n a p o lis ; 1 s t V . - P . , H . 9 .
E l li s , P h ila d e lp h ia ; S e c . a n d T r e a s ., T h o s . M c K . H a y s , H u n t in g t o n : G en .
N e w ; 2 d V I c e - P r e s ., J o s e p h S . N e ff, P h ila d e lp h ia ; S e c . a n d T r e a s ., H e n r y
M g r ., W . W . M a g o o n , H u n t in g t o n .— V . 8 3 , p . 3 3 2 , 4 9 1 ; V . 8 6 , p . 6 0 3 .
J a m e s o n ; A s s t . S e c . a n d A s s t . T r e a s ., C. E . M o r g a n 3 d , P h ila d e lp h ia , a n d
W . F . M lllh o lla n d , I n d i a n a p o lis .— V . 7 6 , p . 4 8 . 5 4 2 , 5 9 3 , 1 0 85: V . 7 9 , p .
(1) K a n a w h a V a lle y T r a c t io n C o .
151; V . 8 8 . p . 1499.
_______
O R G A N I Z A T I O N .— I n c o r p o r a te d In W e s t V ir g in ia In 1 9 0 5 . S to c k
o w n e d b y O h io V a lle y E le c tr ic R y .
,.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.— A
tr o lle y r o a d .
S t o c k . $ 5 0 0 ,0 0 0 ( $ 1 0 0 )
$ 5 0 0 ,0 0 0 - - - - - - - - -
F ir s t m o r t g a g e , $ 2 ,0 0 0 ,0 0 0 1 1 9 0 6
5 J - J ...................... 8 7 5 ,0 0 0 J a n 1 1 9 4 6
O R G A N I Z A T I O N .— F o r m e r ly t h e I n d ia n a p o lis G r e e n w o o d & F r a n k lin
($1 0 0 0 )
......................... c* / i n t . a t F i d e l i t y T r u s t C o .. P h l la ., T r u s te e
R R .. w h ic h c o m p a n y w a s In c o r p o r a te d In I n d ia n a In 1 8 9 5 . N a m e c h a n g e d
R O A D .— O p e r a te s 12 m ile s o f t r a c k In C h a r le s to w n , W . V a .
7 0 -lb .
a s a b o v e In J a n . 1 9 0 3 .
T r a il. S t a n d a r d g a u g e .— V . 8 3 , p . 3 2 3 .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $1 .O lio,0 0 0 ...................................- ...................................
$ 9 3 0 ,0 0 0 _____ ______
1st
m o rtg a g e ,
$ 1 ,0 0 0 .0 0 0 \ 1 9 0 3
5 g F -A
6 8 2 ,0 0 0 F e b . 1 1 9 2 3
IN D E P E N D E N C E , K A N .
g o ld ( $ 1 ,0 0 0 ) ____________ c * / l n t . a t T r u s t C o . o f N . A m e r ., P h l la ., T r u s .
B o n d s .— C a n n o t b e c a lle d . $ 3 1 8 ,0 0 0 a r e r e se r v e d fo r e x t e n s io n s a n d I m
U N I O N T R A C T IO N C O .
. ,
,
_A
O R G A N I Z A T I O N .— ’I n c o r p o r a te d In K a n s a s .
F r a n c h is e s r u n fo r 50 p r o v e m e n t s a t n o t e x c e e d in g $ 1 5 ,0 0 0 p er m ile . S e e V . 7 6 , p . 6 5 4 ; V . 8 2 ,
y e a r s.
R o a d is o n p r iv a te r ig h t o f w a y e x c e p t In C o f f e y v llle a n d I n d e p . 1 2 1 2 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s, $ 3 4 4 ,6 9 3 ; n e t , a f te r
pendence.
S T O C K A N D B O N D S .—
D a te.
In te re st.
O u tsta n d in g . M a t u r i t y t a x e s , $ 1 3 2 ,3 4 5 ; I n t e r e s t , $ 3 3 ,6 8 3 ; s u r p lu s , $ 9 8 ,6 6 2 . I n 1 9 0 7 , g r o s s , $ 2 0 5 ,
8 8 3 ; n e t , a f te r t a x e s , $ 1 0 7 ,5 5 0 ; I n te r e s t, $ 3 1 ,7 5 0 ; s u r p lu s , $ 7 5 ,8 0 0 .
S to rk
_________ _ _ _ _
-----------. . .
$ 4 5 0 ,0 0 0 - — —
------- . .
1s t m t g V .r $ i ; 0 ‘ 0 '0 .0 0 0 . g o ld l 1 9 0 7
5%
5 0 0 ,0 0 0 J a n
1 1937
R O A D .— O p e r a te s 6 2 .3 8 m ile s o f tr a c k b e t w e e n I n d ia n a p o lis , F r a n k lin
(51 0 0 0 ) , s in k in g f u n d ____ j W a r r e n ( P a .) T r u s t C o ., t r u s t e e . I n t . In P h il.
a n d C o lu m b u s a n d S e y m o u r , o f w h ic h 3 .8 6 m ile s b e lo n g t o I n o .. T r a c .& T e r .
B o n d s . — $ 5 0 0 ,0 0 0 r e m a in in g b o n d s a r e r e s e r v e d fo r e x t e n s i o n s a t 8 0 %
C o . S t a n d a r d g a u g e , 6 0 - lb . T r a il. M o s tly p r iv a t e r ig h t o f w a y .
The e x
o f c o s t o f c o n s tr u c t io n . S u b je c t t o c a ll a t 1 0 5 a n d I n t. o n a n y I n te r e s t d a t e
t e n s io n to S e y m o u r , 2 0 m i l e s , w a s c o m p le t e d O c t . 1 9 0 7 .
I t c o n n e c t s w it h
o n p r o p e r n o t ic e . S e e V . 8 8 , p . 1 0 0 3 .
I n d ia n a p o lis & L o u is v ille T r a c t io n C o ., t h u s fo r m in g a th r o u g h lin e fro m
E A R N I N G S .— ’F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 1 1 2 ,0 7 6 ; n e t (a fte r
I n d ia n a p o lis t o L o u is v ille .
•
O F F I C E R S .— P r o s ., J o s . I . I r w l n r V .- P .. W m . G . Ir w in ; S e c . a n d T r e a s ,.
t a I t O A D ° I l9 C T ates 28 m ile s o f r o a d , o f w h ic h 6 m ile s In C o f f e y v llle , 2 m ile s
op
H u g h M iller; G e n . M g r ., A . A . A n d e r s o n , a ll o f C o lu m b u s , I n d .— V . 7 7 , p .
In I n d e p e n d e n c e a n d 2 0 m ile s o f ln te r u r b a n b e t w e e n t h e t w o c it ie s . 7 0 - lb .
8 2 3 ; V . 7 8 , p . 1 4 46; V . 8 2 , p . 9 2 8 . 1212; V . 8 6 , p . 4 2 1 .
T r a il.
E x t e n s io n s fr o m I n d e p e n d e n c e to C h erry v a l e , 11 m ile s , a n d fr o m
C h e r r y v a le t o P a r s o n s , 18 m ile s , a r e p r o p o s e d .
O F F I C E R S .— P r e s ., D . H . S lg g ln s , C o lfe y v llle ; S e c . a n d T r e a s ., S a m . Q .
TERRE HAUTE INDIANAPOLIS & EASTERN TRACTION .— (.See
M a p o n page 5 1 .)
S m it h .— V . 8 8 , p . 1 0 0 3 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a o n M arch 23 1 9 0 7 a n d
a c q u ir e d b y p u r c h a s e (1) I n d ia n a p o lis & E a s te r n R y .; (2) I n d ia n a p o lis
IN D IA N A P O L IS , IN D .
C o a l T r a c tio n ; (3) I n d ia n a p o lis & W e s te r n T r a c tio n ; a n d (4) R ic h m o n d
B R O A D R I P P L E T R A C T I O N .— A t r o lle y r o a d .
S t r e e t & ln te r u r b a n R y .
.
„„„
O R G A N I Z A T I O N .— O r g a n iz e d a s s u c c e s s o r t o t h e I n d ia n a p o lis & B r o a d
O n M arch 25 190 7 lea se d t h e T e r r e H a u te T r a c t io n & L ig h t C o. for 9 0 9
R ip p le R a p id T r a n s it C o. so ld a t fo r e c lo su r e J u ly 1 8 9 9 . T h e I n d ia n a p o lis y e a r s (se e t e r m s u n d e r t h a t c o m p a n y b e lo w ) , a n d In A p ril 19 0 7 le a s e d fo r
S t r e e t R y . o w n s a b o u t 7 5 % o f s t o c k , b u t o r g a n iz a t io n s e p a r a t e .
R o a d is 0 0 9 y e a r s t h e I n d ia n a p o lis & N o r th w e s te r n T r a c tio n a n d t h e I n d ia n a p o lis &
j o in t ly o p e r a te d b y t h e I n d ia n a U n io n T r a c t io n C o . a n d t h e I n d ia n a p o lis
M a r tin s v ille R a p id T r a n s it (se e te r m s u n d e r r e s p e c t iv e c o m p a n ie s ) .
T r a c t io n & T e r m in a l C o.
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
------------$ 8 ,0 0 0 ,0 0 0 ------------------C o m m o n s t o c k , $ 1 2 , 5 0 0 ,0 0 0 . ----------S t o c k , $ 1 0 0 ,0 0 0 (p a r $ 1 0 0 ) . . . ......................................... $ 1 0 0 ,0 0 0
.........................
P r e fe r r e d s t o c k , $ i 2 , 5 0 0 . 0 0 0 . . .
...........................
8 ,0 0 0 ,0 0 0 - - - - - - - - -
M tg . g o ld , $4 0 0 ,0 0 0 ( $ 1 .0 0 0 ) c , \ 1 8 9 9
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 3 3
1 st m t g c , $ 1 0 ,0 0 0 ,0 0 0 ................. J 1 9 0 7
5 g A -O
5 ,5 0 0 .0 0 0 A p r il 1 1 0 3 2
J l n t . a t G u a r . T r . & S .D .C o ( P h l la .) , T r u s .
1 F id e lit y T r u s t C o ., P h ila d e lp h ia , T r u ste e .
B o n d s . — A r e g u a r a n t e e d p . a n d 1. b y I n d ia n a p o lis S t . R y . N o . s f ., a n d
B o n d s . — O f t h e first m t g e . , $ l .0 0 0 ,0 0 0 Is r e se r v e d to r e tir e lik e a m o u n t
b o n d s c a n n o t b e c a lle d . T h e I n d ia n a N ith e r n T r a c t . C ■ a ls > g u a r , th e o f b o n d s o f I n d ia n a p o lis & E a s te r n H v . a n d I n d ia n a p o lis 8c G re e n fie ld .
.
p r in c ip a l a n d I n te r e s t o f h a lf ($ 2 0 0 ,0 0 0 ) o f t h e b o n d s a n d h a lf o f t h e in te r e s t
E A R N I N G S .— F o r y e a r e n d e d D e c . 31 1 9 0 8 , g r o s s . $ 2 ,3 2 8 ,8 4 0 ; o p e r a tin g
o f t h e r e m a in in g $ 2 0 0 ,0 0 0 b o n d s u n t il M ay 1 9 1 3 .
e x p e n s e s (In c lu d in g r e n t a is , t a x e s . I n te r e s t a n d s in k in g fu n d o n $ 1 ,0 0 0 ,0 0 0
R O A D .— 7 4 m ile s o f t r a c k fro m I n d ia n a p o lis t o B r o a d R ip p le P a r k .
u n d e r ly in g b o n d s o n o w n e d m ile a g e ) , $ 1 ,9 6 4 ,4 9 6 ; n e t , $ 3 6 4 ,3 5 0 .
O F F I C E R S .— P r e s ., J o h n B . W a r n e r ; S e c ., J o h n D . T h o m s o n ; T r e a s .,
R O A D .— O p e r a te s a m o d e r n n lg h - s p c e d e le c tr ic r a ilw a y o v e r lin e s
E . B . P e c k . — V . 6 9 , p . 180; V , 7 3 , p . 1 3 7 , 183; V . 7 8 , p . 1 1 6 7 .
w h ich c o m p r is e a c o n t in u o u s r o u te fro m a n d In c lu d in g th e c it y o f P a r is In
I llin o is th r o u g h t h e c it y o f T e r r e H a u te a n d t o w n s o f B r a z il, G r c e n c a s tlc ,
I N D I A N A P O L I S T R A C T IO N & T E R M I N A L CO .
A m o , C la y t o n a n d P la in fie ld t o th e c it y o f I n d ia n a p o lis , a n d t h e n c e th r o u g h
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a o n A u g . 4 19 0 2 w ith
th e t o w n s o f G r e e n fie ld , K n lg h t s t o w n , N e w C a s tle a n d C a m b r id g e C ity t o
$ 5 0 0 ,0 0 0 c a p it a l, w h ic h w a s In c r e a se d In J a n . M 9 0 3 t o $ 5 ,0 0 0 ,0 0 0 to
th e c it y o f R ic h m o n d In In d ia n a : a ls o a lin e r u n n in g s o u t h fro m I n d ia n a p
le a s e t h e I n d ia n a p o lis S t . R y . a n d t o p r o v id e t e r m in a l f a c ilit ie s for all o lis to M a r tin s v ille , I n d .; a lin e r u n n in g w e s t fr o m I n d ia n a p o lis to D a n v ille ,
ln te r u r b a n e le c t r ic r o a d s n o w e n t e r in g or y e t t o e n t e r I n d ia n a p o lis .
F r a n In d .; a n d a lin e r u n n in g n o r t h w e s t fro m I n d ia n a p o lis t o C r a w fo r d s v llle
c h is e Is for 31 y e a r s , u n d e r t h e t e r m s o f w h ic h t h e c o m p a n y Is t o p a y t h e a n d L a f a y e t t e , a n d fr o m T e r r e H a u te a lin e n o r th to C lin to n , I n d ., a n d a
c i t y 4 c e n ts per c a r for t h e fir st 11 y e a r s , 6 c e n t s fo r t h e n e x t 10 y e a r s a n d 9 lin e s o u t h t o S u lliv a n , I n d ., c o m p r is in g a t o t a l m ile a g e In s in g le tr a c k o f
c e n t s for t h e r e m a in in g 10 y e a r s .
O n D e c . 2 9 1 9 0 2 le a s e d fo r 31 y e a r s t h e 3 7 9 .5 4 m ile s.
I n d ia n a p o lis S tr e e t R y .
V . 75, p. 1301.
O F F I C I A L S .— P r e s ., R o b e r t I . T o d d : S e c . & T r e a s ., J o s . A . M c G o w a n .
ln te r u r b a n r a ilw a y s e n t e r t h e c it y u n d e r a g r e e m e n t s b y w h ic h t h e y p a y
D irecto rs. — H u g h J . M c G o w a n , YV. K e ls e y S c h o e p f , R a n d a l M o r g a n .
3 c e n t s p e r p a s s e n g e r for all p a s s e n g e r s c a r rie d In t h e c it y lim it s a n d an
R o b e r t I . T o d d . J . J . A p p e l, J o s . A . M c G o w a n a n d E . B . P e c k .
V. 84,
a d d it io n a l 1 c e n t for t h o s e u s in g t h e t e r m in a l s t a t i o n . V . 8 1 , p . 2 6 4
p . 5 7 2 , 7 5 0 , 8 6 9 . 997; V . 8 8 . p . 2 9 6 .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
iM St D lv.
(1) Indianapolis & Eastern R y . — A n e le c t r ic road.
S t o c k . $ 5 ,0 0 0 ,0 0 0 ........................................................ ..........
$ 5 ,0 0 0 0 0 0 J ’ e 3 0 09 1%
O R G A N I Z A T I O N .— O r g a n iz e d In 1902 u n d e r t h e la w s o f I n d ia n a a s a
1 s t m o r t .. $ 5 ,0 0 0 ,0 0 0 , g o ld l 190 3
5 g A -O
4 ,2 5 0 ,0 0 0 J a n . 1 1 0 3 3
c o n s o lid a t io n o f t h e I n d ia n a p o lis & G re e n fie ld R a p id T r a n s it a n d t h e I n
( $ 1 ,0 0 0 ) , s . f -------------------c ’ / l n t . a t G u a r a n ty T r . & S . D . C o ., P h l la ., T r .
F r a n c h is e s are fo r 5 0 y e a r s In M arlon a n d
B o n d s . — $ 7 5 0 ,0 0 0 a r e r e se r v e d fo r e x t e n s i o n s a n d b e t t e r m e n t s . A d ia n a p o lis & E a s te r n T ra ctio n
s in k in g fu n d p r o v id e s for t h e p a y m e n t a n n u a lly o f 1 1 -5 % o f b o n d s o u t YVayne c o u n t ie s , p e r p e tu a l In H a n c o c k a n d H e n r y c o u n t ie s a n d 3 0 y e a r s In
th e c it ie s o f G re e n fie ld a n d K n lg h t s t o w n .
E n tir e Issu es o f b o t h c o m m o n
s t a n d in g , I n c lu d in g t h o s e In t h e s in k in g fu n d . S e e V . 7 6 , p . 1 0 8 5 .
B onds
m a y b e d r a w n for s in k , fu n d a f te r J a n . 1 190 8 a t 102 4 a n d I n te r e s t a n d a r e a n d p r e fe r r e d s t o c k s are o w n e d b y t h e T e r r e H a u te I n d ia n a p o lis &
s u b j e c t t o c a ll a t t h a t p r ic e a f te r J a n . 1 1 9 0 8 . S e c V . 8 1 . p . 2 6 4 .
E a s te r n T r a c t io n .
R O A D .— O w n s 3 1 .0 8 m ile s o f t r a c k . In c lu d in g lin e s fro m H o u g h t o n t o
H a n c o c k a n d fr o m H a n c o c k t o L a u r lu m , R e d J a c k e t . W o lv e r in e , M o h a w k ,
L a k e L in d e n a n d T a m a r a c k C ity ; 3 5 c a r s.
6 0 , 7 0 a n d 8 5 -Ib . r a ils . S t a n
dard gau ge.
O F F I C E R S .— P r e s ., F r e d e r ic k S . P r a t t , B o s to n ; V . - P .. F r e d e r ic .T.
B a w d e n , H o u g h t o n , M ic h .; S e c ., A lv a h K . T o d d , B o s to n : T r e a s ., H e n r y
B . S a w y e r , B o s to n ; M a n ., G a rd n e r R o g e r s , H o u g h t o n , M ic h .; G en . M an .
a n d T r a n s fe r A g e n t s , S t o n e & W e b s t e r , B o s t o n .— 'V . 8 7 , p . 6 1 4 ; V . 8 8 , p .
___________
1 4 9 9 ; V . 8 9 , p . 6 6 6 . _________ .
O utstanding).
M a tu r ity .
STO C K A N D B O N D S —
D ate.
. $ 1 ,0 0 0 ,0 0 0 .........................
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................... ..
1 6 5 .0 0 0 .............. ..........
P f ., $ 2 0 0 ,0 0 0 ($ 1 0 0 ) ................... .............
7 0 0 .0 0 0 J u ly 1 1927
5 g J -J
1st c o n s o l. m t g e ., $ l ,0 0 0 , 0 0 0 f 19 0 2
. . c ’ - jln t . a t M e r c a n tile T r u s t C o ., N . Y . o r a t
g o ld ( $ 1 ,0 0 0 ) , s . r.
( C e n tr a l T r u s t C o ., I n d ia n a p o lis , T r u s t e e .
5 g J -J
3 0 0 ,0 0 0 J a n . 1 1929
I n d . & G re e n . 1 s t M ., $ 3 0 0 .- f 18 9 9
0 0 0 ( $ 1 ,0 0 0 ) , g o l d . ____ c* ( I n t . a t C lt. S a v in g s & T r u s t C o . , T r . C le v e .,
I o r a t F ir st N a t io n a l B a n k . N e w Y o r k C it y .
B o n d s .— O f t h e $ 1 ,0 0 0 ,0 0 0 c o n s o ls a u t h o r iz e d , $ 3 0 0 ,0 0 0 a re r e se r v e d to
r e tir e t h e I n d ia n a p o lis & G re e n fie ld fir st 5 s . A s in k in g fu n d b e c o m e s o p e r
a t iv e a fte r 5 y e a r s .
F u n d Is t o b e I n v e s te d In t h e c o m p a n y ’s b o n d s If t h e y
c a n b e b o u g h t a t n o t m o r e t h a n 105 a n d I n te r e s t.
B o n d s c a n n o t be c a lle d .
See V . 75, p. 342.
O n t h e I n d . & G r c c n lle ld b o n d s , $ 1 2 ,5 0 0 Is p a y a b le
y e a r ly t o a s in k in g fu n d b e g in n in g O c t . 1 1 9 0 4 , w it h w h ic h b o n d s b e g in n in g
w it h N o . 1 are b e in g p u r c h a s e d a t 105 a n d a c c r u e d I n te r e s t; $ 6 0 ,0 0 0 h a v e
been so p u rch ased .
T h e $ 2 0 0 ,0 0 0 2 d m t g e . b o n d s o f 19 0 4 h a v e b e e n c a n
c e le d a n d m o r t g a g e d is c h a r g e d .
R O A D .— O w n s a b o u t 6 0 4$ m ile s o f t r a c k , I n c lu d in g 5 0 m ile s fro m I n d i
a n a p o lis c it y lin e , w h e r e It c o n n e c ts w it h t h e I n d ia n a p o lis S t r e e t R y ., o v e r
w h o s e t r a c k It o p e r a te s w it h in I n d ia n a p o lis u n d e r a 3 3 - y e a r c o n t r a c t , to
D u b lin , w h e r e c o n n e c tio n Is m a d e w it h t h e t r a c k s o f t h e R ic h m o n d S tr e e t
R a ilw a y . A ls o o p e r a te s a b r a n c h o f 10 m ile s fro m D u n r c lth t o N e w c a stle
o n p r iv a te r ig h t o f w a y . 7 0 - lb . T r a ils .— V . 7 8 , p . 2 2 9 , 2 0 1 2 ; V . 8 0 , p . 7 1 1 ;
V . 8 1 , p . 975; V . 8 3 , p . 37 .
(2) I n d ia n a p o lis C o a l T r a c t io n .— A n e le c t r ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1901 a n d Is s u c c e s s o r to th e I n d ia n
a p o lis & P la in fie ld E le c tr ic R R . C o .
In A p ril 1907 w a s s o ld to th e T erre
H a u te I n d ia n a p o lis & E a s te r n T r a c t io n C o ., w h ic h o w n s e n tir e $ 2 ,5 0 0 ,0 0 0
s to ck . N o b o n d s .— V . 84 d . 749.
(3) I n d ia n a p o lis & W e s te r n R a ilw a y C o .— A n e le c t r ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a In 1 9 0 5 .
E n tir e Issu es o f
b o th c o m m o n ( $ 1 ,2 5 0 ,0 0 0 ) a n d p r e fe r r e d ($ 7 5 0 ,0 0 0 ) s to c k are o w n e d by
t h e T e r r e H a u te I n d ia n a p o lis & E a s t e r n .
N o b o n d s .— V . 8 4 , p . 5 7 0 , 7 4 9 .
(4) R ic h m o n d S tr e e t & In te r u r b a n R y .
C a p ita l ( a u t h o r iz e d ) , $ 6 0 0 ,0 0 0 : o u t s t a n d in g , $ 5 1 7 ,5 0 0 ; a ll o f w h ic h Is
o w n e d b y t h e T e r r e H a u t e I n d ia n a p o lis & E a s t e r n . A ll b o n d s h a v e b een
c a n c e le d .— V . 8 4 , p . 7 4 9 .
(5) T er r e H a u te T r a c tio n & L ig h t C o —
L eased. — In M arch 1 9 0 7 w a s le a s e d t o t h e T e r r e H a u te I n d ia n a p o lis &
E a s t e r n T r a c . C o. fo r 9 9 9 y e a r s . T h e l a t t e r c o m p a n y g u a r a n t e e s 6 / o on
t h e o u t s t a n d in g p r e f. s t o c k a n d 2 % o n c o m m o n fo r 1 4$ y e a r s , 3 % for
1 y e a r , 4 % for 1 y e a r ,a n d 5 % th e r e a f t e r ( 1 s t s e m i-a n n u a l d iv id e n d o f 1 ,o
p a y a b le M arch 31 1 9 0 8 ), a n d $ 1 ,0 0 0 p e r y e a r fo r o r g a n iz a t io n e x p e n s e s
V . 84. p. 750.
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n In 1 9 0 4 o f t h e T e r r e H a u t e E le c
tr ic C o. a n d t h e T e r r e H a u te E le c tr ic T r a c tio n C o . P r in c ip a l r a ilw a y
fra n ch ise s e x p ir e 1952; p r in c ip a l lig h t in g fra n ch ise p e r p e tu a l- o t h e r fr a n
chises a v e r a g e 3 0 y e a r s fr o m J a n . 1 1 9 0 6 . L e a s e s T e r r e H a u t e & W e s te r n
R a ilw a y C o.
M a tu r ity .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
$ 2 ,0 0 0 ,0 0 0 .........................
.........
...... .............
C o m m o n , $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )
5 3 0 ,0 0 0 v l c h .' 0 9 .3 %
P r e f ., $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 6 % c u ____
M -S
2 , 7 7 8 ,0 0 0 M ay 1 1944
F ir s t c o n s , m t g e ., $ 5 ,0 0 0 ,0 0 0 1 1 9 0 4
5 g M -N
g o ld .................................................../ I n t e r e s t a t S t a t e S t r e e t T r u s t C o ., B o s t o n .
T e r r e H a u te E le c tr ic 1 st m t g . l 1 8 9 9
5 g J -J
1 ,5 0 0 ,0 0 0 J u ly 1 1 9 2 9
$ 1 ,5 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 ) c * ) l n t . a t B o s t o n S a fe D e p .& T r . C o ., B o s t o n .
B o n d s . — T h e U n io n T r u s t C o . o f I n d ia n a p o lis a n d t h e B o s to n S a fe D e p o s it
& T r u s t C o. a r e Join t t r u s t e e s o f t h e T e r r e H a u te E le c tr ic m tg
O f th e
$ 5 ,0 0 0 ,0 0 0 c o n s o ls , $ 1 ,5 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e p rio r lie n s . T h e n e w
b o n d s are c a lla b le a s a w h o le a t 110 a n d l n t . o n a n y l n t . d a t e .
A s in k in g
fu n d o f 1 % o f o u t s t a n d in g b o n d s c o m m e n c e d M a y 1 1 9 0 6 . $ 6 5 ,0 0 0 w a s
h e ld b y t h is fu n d m F e b . 1 9 0 9 . T h e U n it e d S t a t e s T r u s t C o . o f T erre
H a u te a n d t h e S t a t e S t r e e t T r u s t C o . o f B o s t o n a re t r u s t e e s o f t h is m t g e .
S e e V . 7 8 . p . 20 1 3
R O A D .— E m b r a c e s 1 0 0 .2 5 m ile s o f tr a c k In T e r r e H a u t e , I n c lu d in g lin e s
fr o m T e r r e H a u te to W e s t T er r e H a u te , C lin to n , B r a z il. S u lliv a n , I n d .,
a n d P a r is , 111. R a l l s , 4 0 t o 8 0 lb s . 9 5 c a r s .— V . 8 4 , p . 7 5 0 .
ti. (a) T e r r e H a u te & W e s te r n R y . C o .— A n e le c t r ic r o a d .
L e a s e d t o T e r r e H a u t e T r a c t io n & L ig h t C o . fo r 9 9 9 y e a r s fr o m N o v . 1 9 0 7 .
O R G A N I Z A T I O N .— I n c o r p o r a te d I > 1 9 0 7 In I llin o is .
R o a d e x te n d s
fr o m th e I n d ia n a S t a t e lin e n e a r S a n f o r d , I n d ., t o " P a r is, 111., 1 1 .6 m ile s.
B e g a n o p e r a tio n O c t . 2 5 1 9 0 7 .
I s e n t ir e ly o n p r iv a t e
r ig h t- o f- w a y .
C o m m o n s to c k a u t h o r iz e d a n d I s su e d , $ 2 0 0 ,0 0 0 ; p r e fe r r e d s t o c k a u t h o r
iz e d a n d
I s su e d , $ 1 5 0 ,0 0 0 . F ir s t m o r t g a g e
D on d s a u t h o r iz e d a n d
o u t s t a n d in g , $ 2 5 0 ,0 0 0 , d u e N o v . 1 1 9 3 7 .
N e w E n g la n d T r u s t C o ., B o s
to n , tru ste e .
P r ln . a n d In t. g u a r a n t e e d b y e n d o r s e m e n t b y T e r r e H a u te
T r a c t io n & L ig h t C o .
E n tir e c o m m o n a n d p r e fe r r e d s t o c k o w n e d b y
T e r r e H a u te T r a c t io n & L ig h t C o .
(6) I n d ia n a p o lis & N o r t h w e s t e r n T r a c tio n C o .— A n e le c t r ic r o a d .
L ease. — In A p ril 1 9 0 7 w a s le a s e d t o t h e T e r r e H a u te I n d ia n a p o lis &
E a s te r n T r a c t io n for 9 9 9 y e a r s . T h e l a tt e r c o m p a n y w ill p a y t h e I n te r e s t
o n t h e b o n d s; a ls o \ H % q u a r . o r 5% p e r a n n u m o n t h e $ 4 5 0 ,0 0 0 p r e f.
s t o c k a n d $ 5 0 0 p e r y e a r fo r o r g a n iz a t io n .
V . 84, p 869.
E n tir e Issu e or c o m m o n s t o c k o w n e d b y t h e T e r r e H a u te I n d ia n a p o lis
& E a s t e r n T r a c t io n .
O R G A N I Z A T I O N .— O rg a n iz e d In 1 0 0 2 In I n d ia n a .
O p e r a te s a m o d e r n
h ig h - s p e e d In te r u r b a n r a ilr o a d , s ta n d a r d -g a u g e , lo c a t e d u p o n p r iv a te r ig h t
o f w a y o u t s id e o f t h e c it y c o r p o r a te lim it s .
E x t e n d s n o r t h w e s t e r ly from
t h e c it y o f I n d ia n a p o lis th r o u g h t h e c it ie s o f L e b a n o n a n d F r a n k fo r t t o th e
c it y o f L a f a y e t t e , w it h a b r a n c h fro m L e b a n o n t o C r a w fo r d s v llle , e a c h o f
w h ic h c it i e s Is t h e c o u n t y s e a t o f Its r e s p e c t iv e c o u n t y .
H a s tr a c k a g e
r ig h ts t o t h e b u s in e s s c e n tr e s o f I n d ia n a p o lis a n d L a f a y e t t e .
T h e f r a n c h is e s ru n fo r 31 t o 5 0 y e a r s a n d p e r m it t h e c a r r y in g o f fr e ig h t ,
e x p r e s s a n d m a ll, a s w e ll a s p a s s e n g e r s .
O u tsta n d in g .
M a tu r ity .
STO C K A N D B O N D S —
D a te.
Interest.
C o m m o n , $ 2 ,5 5 0 ,0 0 0 --------------- --------- - a * ; — . $ 2 ,5 5 0 ,0 0 0
4 5 0 ,0 0 0
P r e f. ($ ,0 0 0 ,0 0 0 ) c u m ...........................
5 Q -J
2 , 4 7 0 ,0 0 0
M ar 1 19 2 3
1 st m t g e ., $ 3 ,0 0 0 ,0 0 0 , g o ld ) 1 9 0 3 _ 5 g M -S
'($ 1 6 0 0 )’
’
’
c*J I n t . a t K n ic k e r b o c k e r T r . C o .. N . Y . , T r u s t .
B o n d s . — T h e r e m a in in g $ 5 3 0 ,0 0 0 for I m p r o v e m e n ts a n d a d d it io n s a t 5 0 %
a n d 75 % o f c o s t .
N o s in k in g f u n d , b u t b o n d s c a n b e c a lle d o n a n y I n te r e s t
d a t e a t 110 a n d I n te r e s t.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 : G r o s s , $ 3 9 9 ,6 7 8 ; n e t ,
$ 1 8 0 ,3 8 6 ; i n t . , $ 1 2 3 ,5 0 0 ; d l v s ., $ 1 6 ,8 7 5 ; s u r p lu s , $ 4 0 ,0 1 1 .
R O A D .— E m b r a c e s 9 2 .2 5 m ile s o f tr a c k b e t w e e n I n d ia n a p o lis , Z lonsv l ll c , L e b a n o n , F r a n k f o r t a n d L a f a y e t t e , In c l. a b r a n c h fr o m L e b a n o n to
C r a w fo r d s v llle . S t a n d a r d g a u g e ; 7 0 - lb . T -r a il.
O p e r a te s 2 0 v e s tib u le
a n d 4 f r e ig h t c a r s.
P o w e r h o u s e a n d c a r b a r n a r e a t L e b a n o n .— V . 8 2 ,
p . 49; V . 8 3 , p . 3 7 V . 8 4 . p . 7 4 9 ; V .8 8 , p . 2 9 5 .
(7) I n d ia n a p o lis & Martinsville Rapid Transit C o .
A n e le c t r ic r o a d .
L eased. — In A p ril 1 9 0 7 w a s le a s e d t o t h e T e r r e H a u te I n d ia n a p o lis &
E a s te r n T r a c tio n fo r 9 9 9 y e a r s . T h e la tt e r c o m p a n y w ill p a y t h e I n te r e s t
o n t h e b o n d s; a ls o $ 5 0 0 p e r v e a r fo r o r g a n iz a t io n .
V. 84, p. 749. The
T e r r e H a u te I n d ia n a p o lis & E a s te r n o w n s e n tir e Issu e o f s t o c k .
O R G A N I Z A T I O N .— In c o r p o r a te d In I n d ia n a o n A p ril 24 1 9 0 1 . O p e r a te s
o n p r iv a te r ig h t o f w a y e x c e p t In I n c o r p o r a te d t o w n s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 7 5 0 ,0 0 0 ($ 1 0 0 ) ............................
$ 7 5 0 ,0 0 0 .........................
1 s t m t g e ., $ 7 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) f 1 9 0 2
5 'g J - j
7 5 0 ,0 0 0 J a n . 1 1 9 3 2
g o l d .................................c* <c r .{ U n io n T r u s t C o . a n d S e c u r it y T r . C o . o f In 5
l d la n a p o lls , T r u s t . I n t . a t S e c . T r . C o ., I n d .
B o n d s . — N o s in k in g fu n d b u t b o n d s a re s u b j e c t t o c a ll a f te r 10 y e a r s a t
105 a n d I n te r e s t. S e c V . 7 8 , p . 1 2 2 3 .
R O A D .— E m b r a c e s 3 0 m ile s o f tr a c k fr o m I n d ia n a p o lis t o M a r tin s v ille
c o m p le t e d In M a y 1 9 0 3 . 7 0 - lb . ra ils; s ta n d a r d g a u g e .— V . 8 3 , p . 37; V.
84. D. 7 4 9 .
______
INDIANAPOLIS CRAWFORDSVILLE& WESTERN TRACTION CO.—
A n e le c t r ic r o a d .
„
R eceivership. — O n J u ly 8 1 9 0 9 . o n a p p lic a t io n b y t h e E le c tr ic a l I n s t a lla
t io n C o ., J u d g e A n d e r s o n a t I n d ia n a p o lis a p p o in t e d H . J . M illig a n o f I n
d ia n a p o lis r e c e iv e r . V . 8 9 , p . 3 4 8 .
O R G A N IZ A T IO N .— Incorporated In Ind iana In 1903 as th e C onsolidated
T raction C o ., b ut n am e ch an ged In 1906 as a b o v e. B u ilt en tirely on p riv a te
right o f w a y . In cities and tow n s has 50-year fra n ch ise s w hich p erm it the
carryin g of freigh t, exp ress and m all m atter.
C ontrol by T ru ste e s . — R o a d Is c o n t r o lle d b y a b o a r d o f fiv e m a n a g in g
t r u s t e e s c o n s is t in g o f S t e r lin g R . H o lt o f I n d ia n a p o lis , C h a ir m a n ; E d w a r d
H a w k in s .I n d ia n a p o lis ; C . N . V a n C le a v e , C r a w fo r d s v llle ; A . E . R e y n o l d s ,
C r a w fo r d s v llle , a n d A . M. H e w e s , C h ic a g o .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................... $ 1 ,5 0 0 ,0 0 0 .............................
F ir st m o r t g a g e
$ 3 ,0 0 0 ,0 0 0 f 190 6
5 g J-J
1 ,5 0 0 ,0 0 0 M a y 21 1 9 3 6
($ 1 ,0 0 0 ) g o l d .............. ..........c * ( M arlon T r u s t C o ., I n d ia n a p o lis . T r u s t e e .
( I n t e r e s t a t V a n N o r d e n T r u s t C o ., N . Y .
B o n d s a n d S to c k .— T h e u n d e r w r it in g a g r e e m e n t d a t e d F e b . 21 1 9 0 6 p r o
v id e s for t h e s a le a t 9 0 % o f n o t e x c e e d in g $ 1 .5 0 0 ,0 0 0 o f t h e b o n d s , w it h a n
eq u a l a m o u n t of sto c k as b o n u s.
B o n d s s u b s c r ib e d for w e r e n o t t o b e s o ld
fo r le s s t h a n 9 5 % b e fo r e J u l y 1 1 9 0 7 .
S in k in g fu n d o f H o f 1 % y e a r ly o f
b o n d s t h a t h a v e b e e n o u t s t a n d in g fo r 5 y e a r s b e c o m e s o p e r a t iv e O c t . 1
1912.
V. 8 4 , p. 1247.
R O A D .— P r o p o s e s t o b u ild 8 7 m ile s o f t r a c k b e t w e e n I n d ia n a p o lis a n d
t h e I llin o is S t a t e L in e , 8 m ile s e a s t o f D a n v il le , w h e r e c o n n e c t io n w ill b e
m a d e w it h t h e I llin o is T r a c t io n C o m p a n y ’s s y s t e m .
S e c t io n b e t w e e n I n
d ia n a p o lis a n d C r a w fo r d s v llle , 4 5 m ile s , h a s b e e n c o m p le t e d a n d Is b e in g
o p e r a te d .
E q u ip m e n t c o n s is t s o f 6 r e g u la r a n d 2 l im it e d p a s s e n g e r c o a c h e s
an d 2 e x p ress c a rs, 300 h . p . e a c h .
P o w e r h o u s e a t C r a w fo r d s v llle , t w o
7 0 0 k . w . d ir e c t c o n n e c te d c o m p o u n d c o n d e n s in g u n i t s .
O F F I C E R S .— P r e s ., A . A . B a r n e s , I n d ia n a p o lis ; S e c ., E d w a r d H a w k in s ,
I n d ia n a p o lis ; T r e a s ., O liv e r P . E n s le y , I n d ia n a p o lis ; G e n . M g r ., C . E . M o r
g a n , C r a w fo r d s v llle .— V . 8 4 , p . 1 2 47; V . 8 9 , p . 3 4 8 .
INDIANAPOLIS NEWCASTLE & TOLEDO ELECTRIC RY.—A n
e le c
tric r o a d .
R e ceiv ersh ip . — J u d g e C a r te r In t h e S u p e r io r C o u r t a t I n d ia n a p o lis N o v . 5
190 7 a p p o in t e d t h e U n io n T r u s t C o . o f I n d ia n a p o lis r e c e iv e r o n a p p lic a t io n
o f t h e E le c tr ic I n s t a l l a t i o n C o . o f C h ic a g o , c r e d it o r .
A c r e d it o r s ’ a g r e e
m e n t w a s d e c la r e d In fo r c e J u n e 15 1 9 0 8 , w h ic h p e r m it s t h e I s su a n c e of
0% r e c e iv e r ’s c e r t ific a te s a s a fir st lie n .
$ 4 6 0 ,0 0 0 o f t h e s e c e r t ific a te s h a v e
b e e n is s u e d a n d t a k e n b y U n io n T r u s t C o ., In Its I n d iv id u a l c a p a c it y .
P ro
m o te r s h a v e s e t t le d w it h o v e r 9 0 % o f c r e d it o r s a t 3 0 c e n t s o n t h e d o lla r
a n d ro a d Is to b e I m m e d ia te ly c o m p le t e d .
R e s ig n a tio n s o f a ll t h e o f fic e r s
In h a n d s o f U n io n T r u s t C o ., w h ic h h a s a u t h o r it y t o r e o r g a n iz e c o m p a n y ,
b u t u p t o S e p t . 190 9 n o a c tio n y e t t a k e n .
V . 89, p. 778.
O R G A N I Z A T I O N .— I n c o r p o r a te d In T n d lan a o n N o v . 2 3 1 9 0 4 .
H as
In te r u r b a n p r iv a te r ig h t o f w a y 50 t o 100 f e e t w i d e , a n d p r iv a t e r ig h t of
w a y w it h in c i t y lim it s o f I n d ia n a p o lis 150 f e e t w l d e t o t e r m in a l a t 1 0 th S t r e e t
an d M a ssa ch u setts A v e n u e .
STO C K A N D B O N D S —
D a le.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 3 ,5 0 0 ,0 0 0 ...................................... - .................................. $ 3 ,5 0 0 ,0 0 0
..........................
F ir st m o r t g a g e
$ 4 , 5 0 0 ,0 0 0 / 1 9 0 5
5 g J -J
S e e t e x t . J u l y 1 193 5
g o ld ($ 1 ,0 0 0 ) _____________ / I n t e r e s t a t K n ic k e r b o c k e r T r u s t C o ., N . Y .
R e c e iv e r 's c e r t ific a te s _ _ .........................
6%
4 6 0 ,0 0 0 ------------------B o n u s . — N o u o n u s h a v e b e e n is s u e d e x c e p t fo r u s e a s c o lla t e r a l.
R O A D .— P r o p o s e s t o b u ild fr o m I n d ia n a p o lis to N e w c a s t le , 41 m ile s ;
N e w c a s t le t o M u n e le , 18 m ile s (fo r w h ic h r ig h t o f w a v h a s b e e n n e a r ly a ll
p u r c h a s e d ); N e w c a s t le t o R ic h m o n d , 28 m ile s . T h e I n d t a n a p o lls - N e w c a s t l e tr u n k lin e Is e x p e c t e d t o b e c o m p le t e d b y J a n . 1 1 9 1 0 .
P o w er-h o u se
is a t N e w c a s t le .
W ill h a v e 6 p a s s e n g e r c a r s a n d 2 e x p r e s s c a r s. V . 8 7 ,
p . 97; V . 8 8 , p . 1 4 99; V . 8 9 , p . 7 7 8 .
INDIANAPOLIS & CINCINNATI TRACTION CO.
H e c eieersm p .— I n J m y
C u a s. l ,. H en ry w a s a p p o in t e d r e c e iv e r ,
o w in g to t h e I n a b ility o f t h e c o m p a n y t o se ll Its b o n d s ,
It Is p r o p o s e d t o
c o n v e r t p a rt o f t h e b o n d s i n to p referred s t o c k . T h e r e c e iv e r w a s a u t h o r
ized t o Iss’ie $ 9 0 0 ,0 0 0 6% e c e lv e r ’s c e r t ific a te s d u e V i e . 1 1 9 0 7 .
V. 83.
p 37 9 5 , 2 7 2 .
I n S e p t . 1 9 0 9 r e c e iv e r s w e r e a u t h o r iz e d to Issu e $ 9 0 0 ,0 0 0
n e w c e r t ific a te s t o t a k e u p t h o s e w h ic h f e ll d u e In A u g .
V. 89, p. 778.
D iv
ld e n d s o n p r e f. s t o c k o f le a s e d lin e h a v e b e e n p a id a s p r o v id e d .
R e o rg a n iza tio n . — In M a rch 1908 a r e o r g a n iz a t io n p la n w a s p r o p o s e d ,
p r o v id in g fo r t h e tr a n s fe r t o t r u s t e e s o f a ll s to c k s a n d b o n d s , w it h t h e v ie w
to c lo s in g u p t h e r e c e iv e r s h ip , p a y in g o ff t h e I n d e b t e d n e s s a n d r a is in g
m o n e y to e x te n d t h e road fr o m C o n n e r s v llle to H a m ilt o n . O h io .
See V . 8 6 ,
p. 668.
I n S e p t . 1 9 0 9 J u d g e C a r te r d e c id e d t h a t r e o r g a n iz a t io n t r u s t e e s
s h o u ld b e g iv e n u n t il A p r il 1 1 9 1 0 t o c a r r y o u t t h e ir p la n . V . 8 9 , p . 7 7 8 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a on F e b . 4 1 9 0 3 .
O w n s th e
e n tir e c o m m o n s to c k o f t h e I n d ia n a p o lis & S o u t h e a s te r n T r a c t io n C o ., w h ic h
It a ls o le a s e s .
P r iv a te r ig h t o f w a y e x c e p t in c it ie s a n d t o w n s .
C o u n ty
franchises p e r p e tu a l. F ra n ch ises in c it ie s a n d t o w n s a r e to r 5 0 y e a r s , e x c e p t
In I n d ia n a p o lis , In w h ic h 31 y e a r s .
H a s c o n t r a c t w it h I n d ia n a p o lis T r a c t io n
& T e r m in a l C o ., a llo w in g Its c a r s t o e n t e r I n d ia n a p o lis fo r 31 y e a r s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................................$ 2 ,0 0 0 ,0 0 0 .... ........................
F ir st m o r tg a g e
$ 4 ,0 0 0 ,0 0 0 / 1 9 0 3
5 g J -J
2 .0 0 0 ,0 0 0 J u ly 1 1 9 3 3
g o ld ( $ 1 ,0 0 0 ) ...................... c * ( I n t . a t F a r m e r s ’ L o a n & T r . C o ., N Y .. T r u s t
B o n d s . — $ 2 ,0 0 0 ,0 0 0 a re r e se r v e d fo r e x t e n s i o n s a n d I m p r o v e m e n t s N o .
s in k in g f u n d s , a n d b o n d s a re n o t s u b j e c t t o c a ll
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 7 9 ,1 1 7 . I n 1 9 0 7 , g r o s s ,
$ 1 8 2 ,7 7 7 .
I n 1 9 0 6 , g r o s s , $ 1 1 5 ,3 1 8 .
R O A D .— Is t o o p e r a te a d o u b le - tr a c k ro a d fr o m I n d ia n a p o lis v ia R u s h v lllc , C o n n e r s v llle a n d H a m ilt o n , t o C in c in n a t i.
R o a d Is n o w In o p e r a tio n
t o C o n n e r s v llle , 5 8 m ile s. T e n p a s s e n g e r c a r s a n d 1 e x p r e s s c a r .
U ses t h e
s in g le -p h a s e a lte r n a t in g c u r r e n t s y s t e m . 7 0 - lb . T r a ils .
P o w e r - h o u s e fo r
t h e o p e r a tio n o f a ll l in e s Is lo c a t e d a t R u s h v lllo .
O F F I C E R S .— P r e s C h a s. L . H e n r y ; S e c .. J . F . W ild ; T r e a s ., J o h n J .
A p p e l.— V . 8 3 , p . 3 7 , 9 5 , 2 7 2 ; V . 8 5 , p . 2 2 1 ; V . 8 6 , p . 6 6 8 ; V . 8 9 , p . 7 7 8 .
(1) Indianapolis & Southeastern Traction.— A t r o lle y r o a d .
O R G A N I Z A T I O N .— O rg a n iz e d In 19 0 5 a s s u c c e s s o r , th r o u g h e x c h a n g e o f
s t o c k , o f t h e I n d ia n a p o lis S h e lb y v lI I e & S o u t h e a s te r n T r a c t io n C o .
E n tir e
c o m m o n s to c k Is o w n e d b y t h e I n d ia n a p o lis & C in c in n a t i T r a c t io n C o .,
w h ic h a ls o le a s e s t h e ro a d fo r 9 9 9 y e a r s a n d g u a r a n t e e s Its b o n d s , a n d d i v i
d e n d s o n Its p r e fe r r e d s t o c k a f te r O c t. 1 1 9 0 8 , w h e n t h a t s t o c k b e c a m e
c u m u la t iv e .
R e n t a l u n d e r le a s e t o b e 5 0 % o f g r o s s r e c e ip t s , fro m w h ic h
b o n d I n te r e s t, t a x e s a n d d iv id e n d s o n s to c k a r e t o b e p a id .
V . 81, p . 668.
F ranchises a rc p e r p e tu a l In M a rlo n a n d S h e lb y c o u n t ie s a n d 5 0 y e a r s n
S h e lb y v lI I e . O p e r a te s o v e r p r iv a t e r ig h t o f w a y w it h t h e e x c e p t io n o f 3 4$
m ile s .
H a s 3 1 - y e a r fra n ch ise fro m c it y o f I n d ia n a p o lis a n d a r r a n g e m e n t
w ith t h e I n d ia n a p o lis T r a c t io n & T e r m in a l C o . a llo w in g It e n t r a n c e I n to c i t y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 6 0 0 ,0 0 0 .............. ..........
P r e f $ 6 0 0 ,0 0 0 s e e t e x t ( $ 1 0 0 ) .................................................
6 0 0 ,0 0 0
See t e x t.
F ir st m o r t g a g e
$ 1 ,0 0 0 ,0 0 0 / 1 9 0 5
5 g J J
5 0 0 ,0 0 0 J u ly 1 1 9 3 5
g o ld ( $ 1 ,0 0 0 ) g u a r . . .............. ( I n t . a t F a r m e r s ’ L o a n & T r . C o ., N . Y ., T r u s
fn d S h e lb y v & S o u t h e a s t 1 st j 1 9 0 2
5 g J -J
1 8 0 ,0 0 0 J a n . 1 193 2
t g e $ 5 0 0 ,0 0 0 g ( $ l .0 0 0 ) s f ( I n t . a t A m c r T r . & S a v . B k .. C h ic a g o , T r u s .
S to c k .— D iv id e n d s o n p referred s to c k u n d e r le a s e a re g u a r a n t e e d b y I n d i
a n a p o lis < C in c in n a ti T r a c t io n C o . a s fo llo w s : O c t. 1 1 9 0 6 , 2 %; A p ril 1 1 9 0 7
fc
1 4$% ; O c t. 1 1 9 0 7 , 1 H % : A p ril 1 1 9 0 8 , 2 %; O c t . 1 1 9 0 8 , 2 %; A p r il 1
1909 a n d t h e r e a f t e r , 2 44 % s e m i-a n n u a lly . T h is s to c k Is r e d e e m a b le a t 105
a n d a c c r u e d d iv id e n d o n a n y d iv id e n d d a t e . S e e V . 8 1 , p . 1 3 7 5 .
B o n d s . — O f t h e $ 1 .0 0 0 ,0 0 0 n e w b o n d s , $ 5 0 0 ,0 0 0 Is r e se r v e d fo r p r io r l ie n s .
T h e n e w b o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 0 5 a n d I n t e r e s t .
O f th e I n d ia n a p o lis S h e lb y v lI I e & S o u t h e a s te r n b o n d s , t h e e n t ir e Is su e m a y
be c a lle d o n a n y I n te r e s t d a t e a t 1 1 0 . A s in k in g fu n d o n t h e s e b o n d s o f
$ 1 0 ,0 0 0 p e r a n n u m c o m m e n c e s J a n . 1 1 9 0 8 , fo r w h ic h b o n d s c a n b e c a lle d
a t 1 0 5 , b e g in n in g w it h t h e l o w e s t n u m b e r .
$ 2 0 ,0 0 0 h a v e b e e n r e tir e d .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 2 0 0 ,3 5 5 .
In 1 9 0 7 , g ro ss,
$ 1 9 9 ,6 2 1 . I n 1 9 0 6 , g r o s s , $ 1 1 7 ,4 4 3 .
R O A D — O p e r a te s 4 7 m ile s o f tr a c k , c o n n e c t in g I n d ia n a p o lis w ith S h e l b y v llle a n d v r e e n s b u r g . 6 0 - lb . T r a ils .
10 p a s s e n g e r a n d 2 e x p r e s s c a r s .
O F F I C E R S .— P r e s ., G eo r g e A . B a ll: V . - P . , F r e d . C . G a rd n er; S e c .,
J o h n E . R e e d ; T r e a s ., J . F . W ild ; G e n . M g r ., C h a s. L . H e n r y .— V . 7 7 ,
p . 2 5 0 , 1874, 2159; V . 8 1 , p . 668 1 375.
IRON W OOD, MICH.
TWIN CITY GENERAL ELECTRIC.
STOCK A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k ...................................................................................................
$ 4 0 0 ,0 0 0 .........................
F ir st
m o rtg a g e.
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( $ 1 , 0 0 0 ) ...................... .................. ( I n te r e s t a t M ilw a u k e e T r u s t C o ., T r u s t e e .
R O A D .— O w n s 7 4$ m ile s o l t r a c k .
O F F I C E R S .— P r e s , a n d G en . M g r ., E . D . N e ls o n ’ V . - P .. E T . L a r s o n ;
S e c . a n d T r e a s ., H . F . J a h n .
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1
ISHPEMING, MICH.
MARQUETTE COUNTY QAS & ELECTRIC CO.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e o n N o v . 19 1 9 0 6 a s r e o r
g a n iz a tio n o l t h e M a r q u e tte C o u n ty G a s L ig h t & T r a c t io n C o ., s o ld u n d e r
fo r e c lo s u r e .
V . 8 3 , p . 1 0 3 7 . F ra n ch ise s e x p ir e 1 9 3 0 .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) .............................................. ..........
$ 4 3 0 ,0 0 0 .........................
F ir s t m o r tg a g e $ 7 5 0 ,0 0 0 g o ld 1 1 9 0 7
5 g J -J
4 3 9 ,0 0 0 J a n 1 1 9 3 2
( $ 1 , 0 0 0 ) ____________________ / I n t . a t F ir s t T r . & S a v . 15k., C h ic a g o , T r u s .
B o n d s .— O f th e $ 7 5 0 ,0 0 0 a u t h o r iz e d , $ 3 1 1 ,0 0 0 a r e r e se r v e d fo r e x t e n s i o n s
a n d I m p r o v e m e n t s . A s in k in g fu n d o f 2% o f b o n d s o u t s t a n d in g b e g in s In
1912.
B o n d s a r c s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 0 5 .
'
R O A D .— O p e r a te s 4 'A m ile s o f tr a c k a n d a ls o d o c s g a s a n d e le c t r ic l ig h t
b u s in e s s In N e g a u n c e a n d I s h p e m ln g .
O F F I C E R S .— P r e s .. J o h n B . S e a r s ; S e c . a n d T r e a s ., J o h n J . B r y a n t
J r ., 2 2 0 L a S a lle S t . , C h ic a g o .— V . 8 3 , p . 1 0 3 7 , 1 5 9 0 .
ITHACA, N. Y.
IT H A C A S T R E E T R A I L W A Y .
In M ay 1907 A . H . F lin t & C o . o f N e w Y o r k p u r c h a s e d c o n t r o l o f t h is
ro a d a n d w ill r e b u ild t h e e n tir e s y s t e m In th e c it y .
V. 8 4 , p . 1 3 0 7 .
O R G A N I Z A T I O N .— C h a rte r e d N o v . 18 1 8 8 4 .
In J u n e 1 9 0 8 m e r g e d
w it h t h e C a y u g a L a k e E le c tr ic R y . a n d I th a c a & C a y u g a H e ig h t s R y . ,
w h ic h r o a d s w e r e f o r m e r ly le a s e d .
In J u n e 1 9 0 7 t h e N e w Y o r k R a ilr o a d
C o m m is s io n e r s a u t h o r iz e d a n e w m o r t g a g e fo r $ 7 5 0 ,0 0 0 a s b e lo w .
F ranchises ; r .u u e u .d a y 13 Io n s a r e lo r j .) y e a r s a n d c o v e r d o u b le - tr a c k e d
p o r tio n of r o a d . O th e r p a r ts o f s y s t e m p r iv a te r ig h t o f w a y o r fra n ch ise s
p e r p e tu a l.
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 3 2 5 ,0 0 0 (p a r $ 1 0 0 ) . . . ____
____ ______
$ 3 2 5 ,0 0 0 1 9 0 8 - 0 9 ,4 %
$ 7 5 0 ,0 0 0 ,1 1 9 0 7
5 g J -J
4 3 5 ,0 0 0 J u ly 1 1957
N e w 1 st m tg e ,
g old _____________________ c * J I n t . a t C a r n e g ie T r u s t C o ., N . Y . , T r u s t e e .
F ir st m o r tg a g e , $ 1 7 5 ,0 0 0 ____ J 18 9 2
6 J -J
1 7 5 ,0 0 0 J u ly 1 1 0 2 2
\ I n t . p a y a b le a t F a r m e r s L . & T r . C o ., N . Y .
6 J-J
7 5 ,0 0 0 J u ly 1 1 9 2 2
S e c o n d m o r tg a g e , $ 7 5 , 0 0 0 ____ 189 4
C a y u g a L a k e E lec 1 st m tg e g u . 1894
6 J -D
2 5 ,0 0 0 J u n e 1 19 2 2
B o n d s .— T h e n e w b o n d s w ill be Issu ed fr o m t im e t o t im e a s e x p e n d itu r e s
for I m p r o v e m e n t s . & c ., w a r r a n t.
S u f f ic ie n t h a s b e e n r e se r v e d t o r e tir e
p r io r H en s. T h e y a r e s u b j e c t t o c a ll a t 1 0 7 .
N o s in k in g f u n d .
R O A D .— O w n s a n d o p e r a te s
.5 2 m ile s o f t r a c k . 3 14 m ile s o f a d d i
t io n a l tr a c k Is n o w b e in g c o n s t r u c t e d .
R a l l s , 8 0 - lb .
R E P O R T .— F o r fisc a l y e a r e n d in g J u n e 3 0 1 9 0 9 ; G r o s s , $ 1 2 5 ,5 0 1 ; n e t ,
$ 3 8 ,7 3 0 ; c h a r g e s , 5 1 9 ,9 0 2 ; d i v id e n d s , $ 1 3 ,0 0 0 ; s u r p lu s , $ 5 ,8 2 8 .
O F F I C E R S .— P r e s ., A . I I . F lin t; V . - P . , C h a s. W . M c C h c sn e y ; S e c . a n d
T r e a s ., I I . A . C la r k .— V . 7 2 , p . 9 8 8 ; V . 8 4 , p . 1 3 0 7 ; V . 8 5 , p . 4 0 .
JACKSON, MISS,
E D W A R D S H O T E L & CM Y R A I L R O A D C O .
O R G A N I Z A T I O N . — I n c o r p o r a te d J u ly 19 1 8 7 0 u n d e r a s p e c ia l c h a r te r
g r a n te d b y th e L e g is la tu r e o f M 's s lss ln n 1 fo r u n lim ite d n u m b e r o f y e a r s.
I n 1 9 0 8 p u r c h a s e d t h e J a c k s o n E le c tr ic R y . L ig h t & P o w e r C o.
ST O C K A N u B O .s D S .—
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 4 0 ,0 0 0 _______ __________ ____
____
.
$ 4 0 ,0 0 0 ................. ..
M o r tg a g e $ 1 . 0 0 0 ,0 0 0 ..............
e 1008
5
J -J
3 0 0 ,0 0 0 J a n
1 10 3 8
B o n d s . — $ 3 0 0 ,0 0 0 w e r e Issu ed t o r e tir e J a c k s o n E le c . R y . L t . & P o w .
C o .’s b o n d s ; $ 7 0 0 ,0 0 0 r e s e r v e d fo r b e t te r m e n ts a n d a d d i t io n s . C a n n o t
b e c a lle d .
R O A D . -O p e r a te s 12 '4 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., F . G . J o n e s ; V . - P .. B e n . H . W e lls ; S e c . a n d T r e a s .,
S . T . C arn es; G e n . M g r ., J a c k A b b o t t .
JACKSON, TENN.
J A C K S O N R A I L W A Y & L IG H T CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e n n e s s e e In J u ly 1 9 0 6 , a n d Is s u c
c e ss o r to t h e J a c k s o n & S u b u r b a n S t r e e t R a ilr o a d C o . F ra n ch ise e x p ir e s
In 1 0 3 7 .
A ls o o w n s a p a r k o f 15 a c r e s .
D o e s l ig h t in g a n d p o w e r b u s in e s s
In a d d it io n t o s tr e e t r a ilw a y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
.................
$ 6 0 0 ,0 0 0 ____________
S t o c k $ 6 0 0 ,0 0 0 ( 5 1 0 0 ) ..............................
1 st m tg e $ 6 0 0 ,0 0 0 ( $ 1 ,0 0 0 )1 1 9 0 6
5 g J -J
5 0 0 ,0 0 0 J a n 1 19 3 7
N o s f.
R e d e e m a t 105 . -C )C o lu m b ia T r u s t C o ., L o u is v ille , T r u s t e e .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s, $ 6 5 ,4 2 5 ; '0 7 , g r o s s , $ 6 9 ,7 9 2 .
R O A D . — O p e r a te s 9 H m ile s o f t r a c k . 6 0 - lb . r a il. C o m p le te d a m o d e r n
p o w e r p la n t In 1 9 0 7 .
O F F I C E R S .— P r e s .. H a r r y W e ls s ln g e r ; V . - P . a n d G e n . M g r ., S . S . B u sh ;
S e c . a n d T r e a s ., G e o . W . L e w is , a ll o f L o u is v ille , K y . — V . 8 3 , p . 9 5 .
JACKSONVILLE, FLA.
J A C K S O N V I L L E E L E C T R IC C O .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In F lo r id a In 1 9 0 2 a n d Is a c o n s o lid a
t io n o f t h e J a c k s o n v ille S t r e e t R y . C o ., t h e M a in S t r e e t R R . C o . a n d t h e
J a c k s o n v ille E le c tr ic L ig h t C o .; r a ilw a y fra n ch ise e x p ir e s In 1 9 3 2 ; lig h t in g
f r a n c h is e e x p ir e s In 1 9 1 1 .
D o e s p r a c tic a lly t h e e n tir e e le c t r ic r a ilw a y a n d
a p o r tio n o f e le c t r ic - lig h t in g b u s in e s s o f J a c k s o n v ille . $ 3 5 0 ,0 0 0 c o m . s t o c k
Is h e ld b y t h e P u b lic S e r v ic e I n v e s t m e n t C o .
O n J a n . 6 1908 p u r c h a se d a t fo r e c lo su r e s a le t h e N o r t h J a c k s o n v ille S t r e e t
R a llw n y T o w n A I m p r o v e m e n t C o . fo r $ 7 0 ,0 0 0 . S e e V . 8 6 . p . 4 2 1 .
O n A u g . 16 190 9 s to c k h o ld e r s v o t e d o n In c r e a s in g s t o c k fr o m $ 1 , 1 0 0 ,
0 0 0 to $ t , 5 0 0 ,0 0 0 b y I s su in g $ 2 0 0 ,0 0 0 e a c h o f p r e fe r r e d a n d c o m m o n .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................
F -A
$ 8 0 0 ,0 0 0 A u g ' 0 9 . 3 %
6 F -A
3 0 0 ,0 0 0 A u g ’0 9 , 3 %
P f 6 % c u m . $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .................
1 s t m o r t g a g e , $ 1 ,2 5 0 ,0 0 0 , g \ 1 9 0 2
5 g M -N
1 2 0 7 ,0 0 0 M a y 1 10 2 7
($ 1 ,0 0 0 ) ....................................c * J I n t . a t A m e r . T r u s t C o ., B o s t o n , T r u s t e e .
N o t e s p a y a b le J u ly 31 1 9 0 9 -------------------------------------2 1 0 ,0 0 0 ------------------B o n d s are s u b j e c t t o c a ll a s a w h o le a t 1 0 5 a n d in te r e s t o n a n y I n te r e s t
d a te .
A s in k in g fu n d o f 1 % a n n u a lly o f b o n d s o u t s t a n d in g c o m m e n c e d
M ay 1 1 9 0 7 , w h ic h m a y b e u s e d e it h e r fo r e x t e n s i o n s a n d I m p r o v e m e n t s or
In t h e p u r c h a s e o f b o n d s . T h e preferred stock Is r e d e e m a b le a t 1 2 0 .
D iv id e n d s . — T h e fir st d iv id e n d o n p r e fe r r e d o f 3 % w a s p a id F e b . 1 1 9 0 3 ;
a n d th e s a m e a m o u n t p a ld e a c h s ix m o n t h s s in c e t h e n .
F ir s t d l v . o n c o m
m o n s to c k (2% ) w a s p a id F e b . 1 1 9 0 5 ; A u g . 1 1 9 0 5 ( V . 8 1 , p . 2 1 1 ) , 3 % .
I n 1 9 0 6 , 6% . In 1 9 0 7 , 6 % . I n l 9 0 8 , 6 % .
I n 1 9 0 9 , F e b ., 3 % ; A u g ., 3 % .
E A R N I N G S .— F o r th e 12 m o n th s e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 4 3 0 ,8 3 8 :
n e t , $ 1 7 6 ,8 9 5 ; In t. a n d t a x e s , $ 9 8 ,9 0 9 ; I m p t .f u n d , $ 1 1 ,8 8 3 ; b a la n c e , $ 6 6 ,1 0 3 .
R O A D .— O p e r a te s 3 4 .3 9 m ile s o f t r a c k , e x c lu s i v e o f t h e N o r t h J a c k s o n
v i ll e S t . R y . ,T o w n & I m p t . C o ., w h ic h o w n e d 6 .4 m ile s o f e le c t r ic r a ilw a y .
H a s 69 c a r s.
R a lls , 4 0 t o 7 0 lb s .
G auge, 5 ft.
O F F I C E R S .— P r e s ., G e o . J . B a ld w in , S a v a n n a h , G a .; 1 s t V . - P . , C h a s. F .
W a lla c e ; 2 d V . - P ., II. G . B r a d le e ; T r e a s ., H e n r y B . S a w y e r ; S e c ., C le m e n t
R . F o r d , M g r ., H a r d y C r o o m , J a c k s o n v ille , F la .: G e n . M g rs. a n d T r a n s fe r
A g e n t s , S t o n e & W e b s t e r , B o s t o n .— V . 8 1 , p . 2 1 1 ; V . 8 6 , p . 4 2 1 ; V . 8 9 , p .
348.
_______
JAMESTOWN. N. Y.
J A M E S T O W N S T R E E T R A I L W A Y .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d O c t. 18 1 8 8 3 . F ra n ch ise r u n s t il l 1 9 8 2 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 5 0 ,0 0 0 (p a r 5 5 0 ) . . . .........................................
$ 1 0 0 ,0 0 0 .........................
1 s t m o r t g a g e $ 3 0 0 ,0 0 0 g o ld l 1 8 0 3
6 g J -J
3 0 0 ,0 0 0 J a n 2 19 2 3
( $ 1 , 0 0 0 ) ...................... .............c * J In terest p a y a b le a t M o r to n T r u s t C o ., T r u s .
B ills p a y a b le J u n e 30 1 9 0 7 . .................................................
2 4 4 ,6 5 4 .........................
O p en a c c o u n t s J u n e 30 1 9 0 7 . . ____
3 4 2 ,8 5 9
.
______
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 1 7 2 ,0 9 6 ; n e t ,
$ 5 4 ,3 4 2 ; fix e d c h a r g e s a n d t a x e s , $ 6 5 ,7 8 5 ; d e f ic it, $ 1 1 ,4 4 3 .
R O A D .— O w n s 2 1 .6 4 3 m ile s o f t r a c k , 55 c a r s, 2 s w e e p e r s .
O F F I C E R S — P r e s ., A . N . B r o a d h e a d ; V . - P ., L . I). W a r n e r ; S e c . a n d
T r e a s ., S . B . B r o a d h e a d ; G e n . M g r ., G . E . M a lt b y , a ll o f J a m e s t o w n .
C H A U T A U Q U A T R A C T I O N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k o n M a r ch 7 1 9 0 3 .
Is
c o n t r o lle d b y t h e s a m e I n te r e s ts a s t h e J a m e s t o w n S t r e e t R y .
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 5 0 0 ,0 0 0 ..........................
1 s t m o r t g a g e , $ 6 0 0 ,0 0 0 , g o ld l 1 0 0 4
5 g A -O
1 5 9 ,0 0 0
1934
( $ 1 , 0 0 0 ) ......................................c j l n t . a t T it le G u a r. & T r. C o ., N . Y . , T r u s t e e .
B o n d s .— $ 1 0 0 ,0 0 0 a r c r e se r v e d fo r e x t e n s i o n s , &c. N o s in k in g fu n d a n d
a r e n o t s u b j e c t t o c a ll.
,,
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 1 2 4 ,6 5 8
n e t,
$ 5 7 ,6 4 7 ; fix e d c h a r g e s a n d t a x e s , $ 5 0 ,7 7 3 : s u r p lu s , $ 6 ,8 6 4
R O A D .— O p e r a te s 2 6 .7 3 m ile s o f tr a c k fro m L a k e w o o d , w h e r e c o n n e c
tio n Is m a d e w it h t h e J a m e s t o w n S t . R y . , t o M a y v ille , th e r e c o n n e c tin g
w it h t h e P e n n s y lv a n ia R R ., a n d t o W e s tf ie ld , N . Y . , c o n n e c tin g th e r e w it h
t h e L a k e S h o r e & M ich . S o . a n d t h e N . Y . C h ic a g o & S t . L o u is R y . S t a n
d a r d g a u g e : 8 0 -lb . T r a il.
•
O F F I C E R S .— P r e s ., A . N . B r o a d h e a d ; V . - P . , W m . B r o a d h e a d ; T r e a s .
S . B . B r o a d h e a d ; S e c ., W . R . R e y n o ld s ; M g r ., G e o . E . M a ltb y ; S u p t .
A u s t in A . H a r v e y .
______
JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION.
See sta te m e n t a n d m aps u n d er " N ew a r k . N . J .”
JOHNSTOWN, PA.
JOHNSTOWN PASSENGER RY.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y l v a n ia o n M a y 8 1 8 8 2 .
F ra n ch ise e x p ir e s In 1 9 8 1 .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 2 ,0 0 0 ,0 0 0 ( $ 5 0 ) _______ ______
Q -J 31 $ 2 ,0 0 0 ,0 0 0 O c t . 3 0 ' 0 9 , H
1 s t m o r t g a g e , $ 2 5 0 ,0 0 0 , g o ld l
1 8 9 0 6 g M -S
2 2 9 ,0 0 0 M ch 1 19 1 0
( $ 1 , 0 0 0 ) ---------------------------c * ( I n t . a t F i d e li t y T r u s t C o ., P h i l a . , T r u s t e e .
18 9 9 4 g J - D
3 9 9 ,0 0 0 D e c 1 1 9 2 9
C o n M , $ 8 0 0 ,0 0 0 . g ( $ 1 ,0 0 0 ) , \
i b
II
a n y In t d a y .c * J I n t . a t G u a r a n ty T r u s t C o ., N . Y . , T r u s t e e .
R ef. m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 1
1901 4 g J - D
1 ,3 0 2 ,0 0 0 D e c 1 1931
g o ld ( $ 1 .0 0 0 ) ____________ c * J I n t c r e s t a t J o h n s t o w n T r u s t C o .. T r u s t e e .
B o n d s . — O f t h e n e w m t g e . o f 1 9 0 1 , $ 6 2 8 ,0 0 0 Is r e se r v e d t o r e tir e u n d e r
l y in g lie n s .
E n tir e Issu e m a y b e c a lle d a t a n y t im e a t 105 u p o n 3 0 d a y s ’
n o t ic e .
S ee V . 73, p. 1313.
I n J u n e 1 9 0 9 $ 2 2 9 ,0 0 0 r e fu n d , b o n d s w e r e
o lle r e d t o r e fu n d 1 s t 6 s d u e M a rch 1 9 1 0 .
V . 88, p. 1620.
D iv id e n d s .— In 1 8 9 4 , J u ly 1, 6 % ; In 1 8 9 5 , 1 2 % ; 1 8 9 6 , 6 % ; 1 8 9 7 , 6 % ,
1 8 9 8 , 6 %; In 1 8 9 9 , 8 %; In 1 9 0 0 (o n n e w s t o c k ) , 4 %; In 1 9 0 2 , n o n e ; In 1 9 0 3 ,
2 % ; In 1 9 0 4 . 2 % ; In 1 9 0 5 . 2 % ; In 1 9 0 6 , 3 % ; In 1 9 0 7 , 3 % : i
M ir e h .
H % : n o n e to J a n . 1 9 0 9 , w h e n % % w a s p a id ; A p r . 3 0 , U % : J u ly 3 1 , l % :
A
O ct. 3 0 , % % .
E A R N I N G S .— Y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 4 5 6 ,8 4 0 ; n e t , $ 1 4 2 ,7 7 7 ;
I n t e r e s t a n d t a x e s , $ 1 1 1 ,3 2 5 ; s u r p lu s , $ 3 1 ,4 5 2 .
R O A D .— O w n s a n d o p e r a te s a b o u t 36 m ile s o f t r a c k , I n c lu d in g a n e x t e n
s io n fro m J o h n s t o w n t o W ln d b e r . 11 m ile s , c o m p le t e d o n J a n . 1 1 9 0 2 .
A 2 -m lI e e x t e n s io n h a s b e e n c o m p le t e d .
O F F I C E R S .— P r e s ., T . C . D u P o n t , W i lm in g t o n , D e l.; V . - P . , W illia m
R . T h o m a s , J o h n s t o w n ; S e c ., S . E . Y o u n g , J o h n s t o w n ; T r e a s ., H e r m a n
B a u m e n , J o h n s t o w n .— V . 7 2 , p . 9 3 6 ; V . 7 3 , p . 6 6 2 , 1 3 1 3 , V . 8 8 . p . 1 6 2 0 .
JOLIET ILL
JOLIET & SOUTHERN TRACTION CO.
*
O R G A N I Z A T I O N .— In J a n u a r y 1 9 0 7 p u r c h a s e d th e J o lie t P la in f ie ld &
A u ro r a R R ., w h ic h lt n o w o p e r a te s .
I t Is u n d e r s to o d th a t th e n e w b o n d
Issu e g iv e n b e lo w w ill b e u s e d c h ie fly t o fin a n c e t h e c o n s tr u c t io n o f n e w
lin e s . In c lu d in g t h o s e fo r w h ic h t h e F is h e r C o n str u c tio n C o . h a s t h e c o n
tra c t.
V. 8 5 , p. 722.
STO C K A N D B O N D S—
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) .............................................. __
$ 1 ,5 0 0 ,0 0 0 ____________
1 s t m t g e . $ 1 ,5 0 0 ,0 0 0 , g o ld l 190 7
5 g F -A
9 6 7 ,5 0 0
See te x t .
( $ 5 0 0 a n d $ 1 , 0 0 0 ) _______ c* J I n t . a t A m e r . T r . & S a v . B k ., C h ic ., T r u s t e e .
J o l P & A R R $ 4 0 0 ,0 0 0 , g o ld ) 1 9 0 3
5 g F -A
4 0 0 ,0 0 0 A u g 1 1938
( $ 1 ,0 0 0 ) _____________ c ’ & r / l n t . a t A m e r . T r . & S a v . B k ., C h ic ., T r u s t e e .
B O N D S .— 1 s t m t g e . b o n d s m a tu r e s e r ia lly e n d i n g 1 9 4 2 .
$ 4 0 0 ,0 0 0 a r e
r e se r v e d to r e tir e th e J o l ie t P la in f ie ld & A u r o r a R R . b o n d s . T h e la tt e r a r e
s u b j e c t to c a ll o n a n y I n t. d a t e a f te r 10 y e a r s a t 105 a n d I n t.; a s in k in g fu n d
o f 2 % o f g r o ss e a r n in g s b e g a n A u g . 1 1 9 0 9 , b u t a t le a s t $ 3 ,0 0 0 y e a r ly 1 9 0 9
to 1 9 29: th e r e a f t e r $ 4 ,0 0 0 y e a r ly .
E A R N I N G S .— O f th e J o l ie t P la in f ie ld & A u r o r a R R . o n ly fo r c a le n d a r
y e a r 1 9 0 8 , $ 1 0 1 ,4 9 6 ; in 1 9 0 7 , g r o s s, $ 8 0 ,1 0 9 ; In 1 9 0 6 , g r o s s, $ 8 2 ,2 6 0 .
R O A D .— O p e r a te s 4 6 m ile s o f tr a c k b e t w e e n J o lie t a n d A u r o r a a n d J o l i e t
a n d C h ic a g o H e i g h t s .
F o r m s a c o n n e c t in g lin k b e t w e e n C h ic a g o & J o l i e t
E l. a n d A u r o r a E lg in & C h ic . R R . F o r m e r ly h a d c o n t r a c t w it h C h ic . & J o l.
fo r u s e o f t e r m in a ls a t J o l ie t , b u t In 1 9 0 7 , a t c o s t o f $ 2 0 0 ,0 0 0 , c o n s t r u c t e d
I n d e p e n d e n t e n t r a n c e a n d te r m in a l, a n d w it h a s u b - s ta t io n o f Its o w n Is
g e t t i n g Its p o w e r fr o m t h e E c o n o m y C o .
H a s a l o n g -t im e c o n t r a c t f o r u s e
o f t e r m in a ls a t A u r o r a .
6 0 - lb . T r a il, s ta n d a r d g a u g e
O F F I C E R S .— P r e s ., H . A . F is h e r ; V . - P ., J o h n M . R a y m o n d ; S e c .,
J . K . N e w h a lt T r e a s ., L . D . F is h e r ; G e n . M g r ., F . E . F i s h e r .— V . 8 5 ,
p . 7 2 2 , 1005
BLOOMINGTON PONTIAC & JOLIET ELECTRIC RY.—A trolley road
I n 1 9 0 7 th e F is h e r s y n d i c a t e , w h ic h c o n t r o ls t h e J o lie t & S o u th e r n T r a c
tio n C o ., o b t a in e d c o n tr o l a n d o ffic e r s e le c t e d a s b e lo w . V . 8 5 , p . 1 0 0 4 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 3 .
P r iv a t e r ig h t o f w a y e x c e p
In c it i e s , w h e r e fra n ch ise s ru n 50 y e a r s .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 3 0 0 ,0 0 0 .........................
1st
m o rtg a g e,
$ 2 ,5 0 0 ,0 0 0 ,1 1 9 0 5
5 g M S
3 7 0 ,0 0 0 S e p t 1 1 9 3 5
g o ld ( $ 1 ,0 0 0 ) _______________J I n t . a t A m e r . T r . & S a v . B k .. C h ic ., T r u s t e e .
B o n d s . — S u b . t o c a ll a t 1 0 5 & In t. o n a n y I n t. d a t e . N o s in k . fu n d .
R O A D .— H a s u n d e r c o n s t r u c t io n a lin e t o c o n n e c t t h e p o i n t s n a m e d In
t h e t i t l e , o f w h ic h 20 m ile s , b e t w e e n P o n t ia c a n d D w ig h t Is In o p e r a t io n .
1 0 m o r e m ile s fr o m P o n t ia c to C h c n o a , e x p e c t e d to b e In o p e r a tio n J a n . l
1910.
O F F I C E R S .— P r e s .. I I . A . F ish e r ; V . - P ., D . S . M ey ers: T r e a s ., L . D .
F is h e r ; S e c ., J o h n K . N e w h a ll; G e n . M g r ., F . E . F i s h e r .— V . 8 5 , p . 1 0 0 4 .
KANSAS CITY, MO.
KANSAS CITY RAILWAY & LIGHT CO .— (S ee m a p o n page 54 )
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 3 In N e w J e r s e y a n d h a s a c
q u ir e d t h e e n t ir e o u t s t a n d in g c a p ita l s to c k o f t h e M e tr o p o lita n S t r e e t R a i l
w a y o f K a n s a s C ity a n d t h e K a n s a s C ity E le c tr ic L ig h t C o .
( P la n In V .
76 p 1 1 4 3 .) T h r o u g h M e tr o p o lita n S t r e e t R a ilw a y s t o c k , t h e K a n s a s C it y
R a ilw a y & L ig h t C o . a c q u ir e d t h e s to c k o f t h e C e n tr a l E le c tr ic R a ilw a y
C o . a n d p r a c tic a lly a ll o f t h e s to c k o f t h e K a n s a s C ity E l e v i t e d R a ilw a y
C o . ,a n d , th r o u g h t h e s t o c k o f t h e K a n s is C it y E le c tr ic L ig h t C o ., It a c
q u ir e d t h e s to c k o f t h e E d iso n E le c tr ic L ig h t & P o w e r C o . (o f K a n s a s
C i t y ) , t h e C o n s o lid a te d E le c tr ic L ig h t & P o w e r C o ., t h e S ta n d a r d E le c tr ic
L lg it C o . a n d t h e K a n s a s C ity E le c tr ic a l W ire S u b w a y C o m p a n y — e x c e p t ,
o f c o u r s e . In e a c h I n s ta n c e t h e q u a lif ic a t io n s h a r e s h eld b y d ir e c t o r s .
C o n tr o ls a ll t h e s tr e e t r a ilw a y , e le c t r ic - lig h tin g a n d p o w e r b u s in e s s In c it ie s
o f K a n s a s C lt v , M o ., a n d K a n s a s C it y , K a n .
O w n s e n t ir e s to c k o f th e K a n s a s C ity & W e s tp o r t B e lt R y . (a s te a m
r o a d , s in c e c o n v e r te d t o e l e c t r i c i t y ) , w h ic h o n J u n e 16 1906 a b s o r b e d th e
In te r u r b a n S o u th S id e R y . , b o th h a v in g p e r p e tu a l c h a r te r s a n d b e in g o r
g a n iz e d u n d e r te G en er a l R a ilr o a d L a w o f M issouri; a is o a c q u ir ed c a p it a l
s to c k o f th e K a n s a s C ity H e a t i n g C o ., h a v in g a f r a n c h is e w h ic h e x p l r e s l n
1 9 3 5 . T h is la s t d is tr ib u t e s s te a m In th e b u s in e s s c e n tr e o f th e c it y .
Street R a ilw a y F ra n ch ise s . — T h e fr a n c h is e s o f t h e r a ilw a y lin e s In K a n s a s
C it y , M o. In w h i c h ’c it y t h e g r e a te r p a r t o f s y s t e m Is l o c a t e d , w e r e r e v is e d
a n d c o n fir m e d In J u ly 19 0 2 a n d f r a n c h is e s g r a n te d fo r e x t e n s io n s a n d v a l u
a b le t r a c k a g e r ig h ts In n e w ly p o p u la t e d p o r t io n s o f th e s h o p p in g a n d
d e liv e r y d l s t r c t s . a ll o f w h ic h fr a n c h is e s a re o p e r a tiv e t o t h e u n ifo r m d a t e
o f J u n e 1 1 9 2 5 . T h e r a ilw a y fr a n c h is e s in K a n s a s C it y , K a n ., In D e c . 1 9 0 2
w e r e r e n e w e d , a n d a u t h o r it y w a s g iv e n t o b u ild e x t e n s i o n s , a ll fo r t h e
m a x im u m p e r io d fo r w h ic h t h e c it y h a d p o w e r t o g r a n t th e s a m e , n a m e ly
t o D e c . 19 1 9 2 2 .
B y t h e te r m s o f t h e f r a n c h is e s t h e r a te o f fa re Is d e f in it e ly
fix e d a t 5 c e n t s , tr a n sfe r p r iv ile g e s a r c p r o v id e d , a n d t h e t a x e s p r a c t ic a lly
lim it e d t o 8 % o f t h e a n n u a l g r o s s r e c e ip t s .
E lectric L ig h t F r a n c h ise .— T h e fr a n c h is e o f t h e K a n s a s C ity E le c tr ic L ig h t
C o . Is p e r p e tu a l.
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
____________
C o m m o n , $ 1 2 ,5 0 0 ,0 0 0 ........................................................ $ 9 6 3 5 ,5 8 0
P r c f . , 5 % n . c ., $ 1 2 . 5 0 0 , 0 0 0 . ------5 Q -M 9 , 5 2 2 ,1 0 0
S e p t ’0 9 1 X %
1 s t lie n r e fu n d . M ., $ 2 0 ,0 0 0 -I 1 9 0 3 5 g M -N 1 5 9 .2 2 0 ,0 0 0
M ay 1 5 , 1 9 1 3
0 0 0 g o l d _______________c * & r ) N e w Y o r k T r u s t C o ., N . Y .. a n d H e n r y C .
j
F o w le r , T r u s .
I n t . a t C o .’s a g e n c y N . Y .
J o r K a n s a s C it y .
N o t e s , $ 5 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) . . 1 9 0 7
6 M -S
4 ,1 2 5 ,0 0 0
S e p t 1 1912
U n d erlyin g L ie n s .
C o rrig a n C o n . S t . R y . 1 s t! 1 8 8 6
5 g J -J
3 6 0 ,0 0 0 J u ly 1 1 9 1 6
M . ( $ 1 ,0 0 0 ) g . , r e d . a t 1 1 0 / I n t . a t C e n tr a l T r u s t C o ., N . Y ., T r u s t e e .
K . C . C a b le 1st M ., e x t . In i 1 8 8 7
5 g A -O
1 ,0 5 0 ,0 0 0 A p r . 1 1911
g o ld . 1 8 9 7 , g u a r p . <c 1 . , V Int. Is p a y a b le In N . Y . b y B la ir & C o . a n d
5
e x t . In 1 9 0 1 ; r e d . a t 1 0 2 4 J l n B o s t o n b y N e w E n g . T r C o ., T r u s t e e .
S u m m it S t r e e t M ., o ld 6 s l 1 8 8 7
5 A -O
3 0 0 ,0 0 0 A p r . 1 191 1
e x t . In 1 8 9 7 a n d a g a in I n )
R e d e e m a b le a t 1 0 2 A a t a n y t im e .
1 9 0 1 .................................................1
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[V o l . l x x x ix
STO C K A N D D O N D S —
D a te.
In terest. O utstan din g. M a tu r ity .
M e tr o p o lita n S t . R y . c o n .) 1 8 9 5
5 g M -N
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m o rtg a g e
$ 8 , 5 0 0 ,0 0 0 , ) f n t . a t O ld C o lo n y T r u s t , T r u s t e e . B o s t o n .
g o ld . . . ................................. c & r j I n t e r e s t a ls o p a y a b le In N e w Y o r k .
C e n t . E le c . R y . 1 s t m o r t . ,f 1 8 9 9
5 g M -N
2 ,0 0 0 ,0 0 0 M a y 1 1 9 1 4
“ .....................
$ 2 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld , I n t e r e s t a t T r u s t C o . o f A m ., N . Y . , T r u ste e
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.
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5 g J-.r
2 5 0 ,0 0 0 J u l y 1 1 9 1 1
E a s t S id e E le c . R y . 1 s t M ., I n t . a t T r u s t C o . o f A m . N . Y . , T r u s t e e .
$ 2 5 0 ,0 0 0
g o ld
( $ 1 ,0 0 0 ) , W in . H u t t l g o f K a n s a s C it y Is a ls o T r u s t e e .
n o t g u a r _________________ c* N o s . f . , b u t m a y b e c a lle d a t p a r a t a n y
( I n te r e s t d a t e .
Controlled C om pan ies.
K a n s a s C it y E le v a t e d R y .
1st
M.
p r e f.
($ 6 0 0 ,0 0 0 )
„
$ 6 0 0 ,0 0 0 J u ly 1 1 0 2 2
g . ( $ 1 ,0 0 0 ) g u a r . p .& I., c* 1 8 9 2
6 g J -J
2 ,0 0 0 ,0 0 0 J u l y 1 1 9 2 2
2d
M.
g e n ’l
($2 0 0 0 ,0 0 0 )1 1 8 9 2
4 g J -J
-----g . ($ 1 ,0 0 0 ) g u a r . p . & I .) I n t e r e s t a t M a n h a t ta n T r u s t C o ., N . Y .
K $n 0C6 0 *. W g o ld ,‘ 1Stg u a r : | 1 9 0 6
5b
5 g J -J
5 0 0 ,0 0 0 J u l y 1 1 9 2 6
($ 1 ,0 0 0 ) ........................................./ i n t e r e s t a t N . Y . T r u s t C o ., N . Y . , T r u s t e e .
B o n d s.— O f th e n e w $ 2 0 ,0 0 0 ,0 0 0 m o r tg a g e o f th e K a “ s a s C it y R y . & L ig h t
C o ., $ 1 0 ,7 8 0 ,0 0 0 a r e r e s e r v e d fo r u n d e r ly in g H en s.
I h e s e b o n d s a r e b o th
o o u p o n a n d r e g is t e r e d , th e c o u p o n b o n d s b e in g
d e n o m in a t i o n .o f $ 1 ,0 0 0
a n d t h e r e g is t e r e d b o n d s In d e n o m in a tio n s o f $ 1 ,0 0 0 , $ 1 0 ,0 0 0 a n d $ o 0 0 0 0 .
T h e n e w b o n d s ar e r e d e e m a b le a t 10 5 a n d I n t. o n a n y I n t . d a t e . 1 h e M etro p o llt a n S t . R y . , t h e K a n . C ity E le c . L t . C o . a n d th e C e n t . E le c . R y . In M a y
1 9 0 3 m a d e m t g e . n o t e s a g g r e g a tin g $ 1 0 ,5 0 0 ,0 0 0 , w h l ^ are d e p o s ite d a s
c o lla t e r a l u n d e r t h e n e w K a n s a s C ity R y * ,L!,?hr> ^ 0«n
c a p it a l a c q u ir e d o f t h e K a n s a s C ity E le c . L ig h t C o . a n d t h e M e tr o p o lita n
S t r e e t R y . h a s a lso b e e n s o d e p o s it e d .
..n >
»
N o t e s o f 1 9 0 7 c o n s is t o f $ 4 ,1 2 5 ,0 0 0 se r ie s " A ” a n d $1 3 7 5 ,0 0 0 s e r ie s B .
T h e y a r e r e d e e m a b le a f te r S e p t . 1 1 9 0 8 o n 8 w e e k s n o t ic e o n a n y I n t. d a t e
a t 100 a n d a c c r u e d i n t . T h e y a r e s e c u r e d b y p le d g e o f $ 5 5 0 0 ,0 0 0 n o t ^ o f
M e tr o p o l. S t . R y . , $ 1 ,0 0 0 ,0 0 0 n o t e s o f K a n . C it y I d e e . L ig h t C o . a n d $ 2 ,
6 9 5 ,0 0 0 c o m . a n d $ 2 ,9 7 7 ,9 0 0 p r e f. s to c k o f t h e K a n . C ity R y . ■&.L t . C o ., a n d
s u c h s e c u r it ie s o f s u b s id ia r y c o m p a n ie s a s a r e p le d g e d u n d e r th e I n d e n tu r e
o f M a y 15 1 9 0 3 , s e c u r in g th e 1 s t lie n r e f. g o ld b o n d s . T h e s e r ie s A n o t e
a r e c o n v e r tib le a f te r S e p t . 1 1 9 0 8 a t o p t io n o f h o ld e r I n to O K s h a r e s o f c o m
m o n a n d 7 s h a r e s o f p r e f. s t o c k . V . 8 5 . p . 2 8 4 . S e r ie s A
o n ly h a v e
b e e n I s su e d , s e r e s “ B ’^ n o t c s b e in g h e ld In l e s e r v e .
V . 85, p. 469, V. 86,
P ' O f t h e M e tr o p o lita n c o n s o lid a t e d m o r t g a g e fo r $ 8 ,5 0 0 0 0 0 e n o u g h w e r e
r e se r v e d t o r e tir e w h e n d u e t h e e x is t in g b o n d s o f t h e C o r r ig a n , M e tr o p o lit a n ,
and
K an sas
C it y
C a b le I ssu es d e s c r ib e d
In t h e t a b le a b o v e ,
a m o u n t in g n o w t o $ 2 ,7 5 6 ,0 0 0 . N o t s u b j e c t t o c a ll . T h e K a n s a s C ity
C a b le a n d S u m m it S t r e e t m tg s . f e ll d u e A p r il 1 1 9 0 1 , b u t w e r e e x t e n d e d b y
^ T h ^ K a n s a ^ C i V y ^ a b l e R y . 5 % b o n d s d u e In 1 9 1 1 a r e g u a r a n t e e d p r ln .
a n d i n t . b y e n d b y t h e M e tr o p o lita n S t . R y . T h e b o n d s o f t h e K . C . &
W e s tp o r t R y . a r e g u a r . p r ln . a n d I n t. b y t h e K a n s a s C ity R y . & L ig h t C o .,
a n d arc s u b l e c t t o c a ll o n a n y I n te r e s t d a t e a t 10 5 a n d I n t . o n 9 0 d a y s n o t ic e
K a n sa s C ity Elevated B y . 1 s t M . p r e fe r e n c e 6 s a r e g u a r a n t e e d , p r in c ip a l
a n d I n t e r e s t , b y e n d o r s e m e n t b y t h e M e tr o p o lita n S t r e e t R y .; s o a r e t h e
2d M . g e n e r a l 4 s . T h e g u a r a n t y o n t h e la t t e r w a s 3 % p e r a n n u m u n t i l
J u l y 1 8 9 5 a n d s in c e t h e n 4 %.
F o r fo rm o f g u a r a n t y , s e e V . 7 3 , p . 1 1 6 0 .
D iv id e n d s. — F ir st d iv id e n d , 1 Vi % o n p r e fe r r e d s t o c k , w a s p a id o n J u n e
1 190 4 a n d 1 H % q u a r t e r ly s in c e t h e n t o a n d in c lu d in g S e p t . 1 1 9 0 9 .
L A T E S T E A R N I N G S .— F o r 11 m o s . t o A p r. 3 0 1 9 0 9 , g r o s s , $ 5 ,9 3 9 ,5 5 8 ;
n e t , $ 2 ,5 8 4 ,3 3 8 ; c h a r g e s a n d t a x e s , $ 1 ,6 9 8 ,8 1 9 ; s u r p lu s , $ 8 8 5 ,5 1 9 .
R E P O R T .— F o r y e a r s e n d in g M a y 3 1 . S e e r e p o r t In ’’C h r o n ic le ” is s u e
o f S e p t . 2 6 1 9 0 8 , V . 8 7 , p . 8 1 0 . P a s s e n g e r s c a r r ie d fo r r e v e n u e In 1 9 0 8 ,
1 0 0 ,8 5 8 ,0 2 7 ; tr a n s f e r s , 4 3 , 4 8 5 ,3 1 2 .
1908.
1907.
1906.
G ro ss e a r n in g s ....................................................$ 6 ,0 7 0 ,1 1 7
$ 5 ,6 7 7 ,0 9 8
$ 5 ,0 9 9 ,1 1 6
3 ,2 2 8 ,1 7 4 2 ,8 9 5 ,6 5 7
2 ,5 6 2 ,0 9 5
O p e r a t in g e x p e n s e s .........................................
N e t e a r n in g s ___________________________ $ 2 ,8 4 1 ,9 4 3
1 0 5 ,6 8 0
M is c e lla n e o u s I n c o m e _________________
$ 2 ,7 8 2 ,3 4 1
4 3 ,0 9 9
$ 2 ,5 3 6 ,1 2 1
3 1 ,3 6 1
T o t a l ....................................................................$ 2 ,9 4 7 ,6 2 3
$ 2 ,8 2 5 ,4 4 0
$ 2 ,5 6 7 ,4 8 2
D e d u c t : A c c o u n t a n t s ’ a d j u s t m e n t s 2 3 ,0 1 8
2 0 ,0 3 8
1 0 ,1 5 5
$ 2 ,8 0 5 ,4 0 2
$ 2 ,5 5 7 ,3 2 7
T o t a l n e t e a r n in g s _______ ___________ $ 2 ,9 2 3 ,7 0 5
F i x e d a n d o t h e r c h a r g e s _______________
2 ,0 7 0 ,5 7 7
1 ,8 9 6 ,7 4 6
1 ,7 6 3 ,9 4 3
S u r p lu s ...............................................................
D l v s . o n p r e f. s t o c k ......................................
$ 8 5 3 ,1 2 8
( 5 )4 7 0 ,3 5 3
$ 9 0 8 ,6 5 6
( 5 ) 4 7 0 ,3 7 5
$ 7 9 3 ,3 8 4
( 5 ) 4 7 0 ,3 6 0
B a l a n c e ............................................................
$ 3 8 2 ,7 7 5
$ 4 3 8 ,2 8 1
$ 3 2 3 ,0 2 4
T h e a c c u m u la t e d s u r p lu s fo r t h e y e a r e n d in g M a y 31 1 9 0 8 (a ft e r d e d u c t in g
d iv id e n d s o n p r e f .) , a m o u n t e d t o $ 1 , 5 1 0 ,8 9 7 . D e d u c t $ 8 2 9 ,8 1 4 a p p r o
p r ia tio n s fo r d e p r e c ia t io n a n d r e n e w a ls a n d $ 4 6 2 d iv id e n d s o f s u b s id ia r y
c o m p a n ie s a n d th e r e r e m a in s a s u r p lu s o f $ 6 8 0 ,6 2 1 .
R O A D .— C o m p r ise s 1 2 9 .8 m ile s o f r o a d a n d 2 4 9 .7 m ll e s o f t r a c k . L ig h t
in g (M a y 31 1 909) e q u i v a le n t to 7 0 6 ,8 8 4 1 6 -c a n d le p o w e r I n c a n d e s c e n t
la m p s .
O F F I C E R S .— P r e s ., B e r n a r d C o rrig a n ; V . - P . a n d T r e a s ., W . E . K ir k
p a tr ic k ; A u d ., S e c . a n d A s s t . T r e a s ., J . A . H a rd er; G e n . M a n . ,W . W .
W h e a t ly .
V . 8 3 , p . 2 7 2 . 319, 1 470; V . 8 4 , p . 1 551; V . 8 5 , p . 2 8 4 , 339. 4 6 9 ,
5 3 1 , 60 0 ; V . 8 6 , p . 1 8 5 , 1 5 2 9 , 1 5 8 9 : V . 8 7 , p . 3 7 . 810, 1 6 0 5 .
K A N S A S C I T Y -W E S T E R N R A I L W A Y .— (See M a p on page 5 6 .)
F o r m e r ly th e K a n s a s C l t y -L c a v e n w o r th R a ilr o a d a n d n a m e c h a n g e d to
K a n s a s C it y -W e s t e r n R y . H a s lo n g -t im e fra n ch ise s In t e r r ito r y s e r v e d .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................$ 2 ,0 0 0 ,0 0 0
.........................
B o n d s $ 5 ,0 0 0 ,0 0 0 F ir s t R e ) 1 9 0 5
5 g M -S
1 ,6 5 0 ,0 0 0 S e p t 1 1 9 2 5
fu n d in g ( c o u p , $ 1 ,0 0 0 ; r ,/ I n t e r e s t a t F is k & R o b in s o n , N e w Y o r k .
$ 1 ,0 0 0 , $ 3 ,0 0 0 , $ 1 0 , 0 0 0 ) . . J S ta n d a r d T m s t C o ., N . Y . t r u s t e e .
S to c k a n d B o n d s . — $ 1 ,4 0 0 ,0 0 0 o f b o n d s w e r e Issu ed t o r e fu n d a l i k e a m o u n t
o f b o n d s o u t s t a n d in g o f o ld c o m p a n y , a ll b u t $ 4 2 ,0 0 0 o f w h ic h h a v e b e e n
r e tir e d $ 1 0 0 ,0 0 0 fo r g e n e r a l c o r p o r a te p u r p o s e s , a n d $ 1 5 0 ,0 0 0 fo r I m p r o v e
m e n t s •’ r e m a in In g $ 3 ,3 5 0 ,0 0 0 t o b e Issu ed fo r a c q u is it io n s , e x t e n s i o n s a n d
I m p r o v e m e n t s u n d e r c u s to m a r y r e s t r ic t io n s . E n tir e o u t s t a n d in g Issu e Is
r e d e e m a b le S e p t . 1 1 9 1 0 or a n y I n t e r e s t d a t e th e r e a f t e r a t 1 0 5 a n d I n t.
S t o c k In v o t i n g t r u s t u n t il M a y 1 9 1 0 .
R E P O R T .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 3 4 9 ,3 5 5 ; n e t (a ft e r
t a x e s ) . $ 1 3 2 ,1 6 6 ; f ix e d c h a r g e s , $ 8 2 ,4 4 1 ; s u r p lu s , $ 4 9 ,7 2 5 .
In 1 9 0 8 , g ro ss,
$ 3 3 0 ,6 5 1 ; n e t ( a ft e r t a x e s ) , $ 1 2 1 ,7 1 1 ; fix e d c h a r g e s , $ 8 1 ,3 2 1 , s u r ., $ 4 0 ,3 9 0 .
R O A D .— O w n s a n d o p e r a te s 4 3 .5 3 m ile s o f r o a d , o f w h ic h a b o u t 18 m ile s
a r e w it h in t h e c i t y o f L e a v e n w o r t h a n d 2 5 14 m ile s b e t w e e n t h a t c i t y a n d
K a n sa s C ity , K a n .
E n te r s K a n s a s C it y , M o ., o v e r t r a c k s o f t h e K a n s a s
C it y V ia d u c t & T e r m in a l R y . , w h ic h o w n s a n d o p e r a te s a s t e e l a n d c o n
c r e t e v i a d u c t c o n n e c t in g K a n s a s C i t y , K a n ., w it h K a n s a s C it y , M o .
H as
s e c o n d e n t r a n c e In to K a n s a s C it y o v e r t r a c k s o f t h e M e tr o p o lita n S t r e e t R y .
I M P R O V E M E N T S .— S in c e p r e s e n t m a n a g e m e n t a s s u m e d c o n t r o l In 1 9 0 5
I m p o r ta n t I m p r o v e m e n t s t o t h e r o a d a n d e q u ip m e n t h a v e b e e n c o m p le t e d .
N e w c a r s h a v e b e e n a c q u ir e d a n d o ld e q u ip m e n t o v e r h a u le d a n d m o d e r n iz e d .
O F F I C E R S .— O. F . H o lm e s , P r e s .; C . F . H u tc h in g s , V . P . a n d G e n . A t
t o r n e y ; S . D . H u tc h in g s , S e c . a n d T r e a s .; J . W . R ic h a r d s o n , G e n . S u p t .;
W . M . B o n a r , A u d it o r .
G en er a l o f fic e , L e a v e n w o r t h , K a n .
MISSOURI & KANSAS INTERURBAN RY.
R e ceiv ersh ip . — O n J u n e 6 1 0 0 8 J u d g e P o llo c k In U . S . C o u r t a t L e a v e n
w o r t h a p p o in t e d J . A . E d s o n r e c e iv e r .
I t Is p r o p o s e d t o r e o r g a n iz e . V .
86, p. 1467.
M o tiv e p o w e r w a s c h a n g e d fr o m S t r a n g g a s lin e c a r s t o
e le c t r i c it y In 1 9 0 8 .
V . 87 , p. 614.
O R G A N I Z A T I O N .— I n c o r p o r a te d In K a n s a s .
H a s p r iv a t e r ig h t o f w a y
e x c e p t In c it i e s a n d t o w n s .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................... $ 1 ,0 0 0 ,0 0 0
.........................
1 s t m o r t g a g e $ 6 0 0 ,0 0 0 g o ld ] 1 9 0 6 5 g J -J
6 0 0 ,0 0 0 J a n
1 1956
( $ 1 , 0 0 0 ) .....................................c j I n t e r e s t a t S t . L o u is U n io n T r . C o . t r u s t e e .
B o n d s . — P a y m e n t o f I n te r e s t fo r t w o y e a r s fr o m J a n . 1 1 9 0 7 w a s p r o v id e d
fo r b y d e p o s it o f $ 1 0 0 fo r e a c h b o n d .
V. 84, p. 391.
r G a d .— O p e r a te s t w e n t y m ile s o f r o a d , fr o m K a n s a s C it y t h r o u g h or
n e a r R o s e d a le , S o u t h P a r k M crrla m a n d L e n e x a t o O la t h e .
E n te r s
K a n s a s C it y o v e r tr a c k s o f t h e M e tr o p o lita n S t r e e t R y .
7 0 - lb . r a ils .
H as
3 m o to r c a r s , 4 p a s s e n g e r c o a c h e s , 2 f r e ig h t c a r s a n d 1 l o c o m o t iv e .
V . 86,
p . 1467; V . 8 7 , p. 61 4 .
KENNETT, PA.
W E ST C H ESTER K E N N E T T & W ILM ING TO N ELE C T RIC R Y .
O R G A N IZ A T IO N .— Incorp orated In P e n n sy lv a n ia on May 24 1 9 0 3 ,
and Is a reo rg a n iza tio n o f a co m p a n y o f th e sam e n am e sold under foreclosure
In A pril 1905. On F e b . 26 1908 ab sorbed th e form erly co n trolled O xford
W est G rove & A v o n d a le S t. R y ., w h ich Is b uild in g th e ex ten sio n from
A v o n d a le to O xford. S ee V . 8 6 , p . 6 7 0 .
.
STO C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
$ 5 2 5 ,0 0 0 -----------------C om m on $ 9 2 5 ,0 0 0 ...............................................................
7 5 ,0 0 0 --------- - - -
P ref ($ 7 5 ,0 0 0 ) 6% n o n -c u m ...................................
1st m tg e $ 1 ,0 0 0 ,0 0 0 gold ) 1905
5 g J -D .............. 420.000 J u n e 1 1935
($500 and $ 1 ,0 0 0 )............... cj I n t. a t I n tc g . T . I . T r. & S . D .C o .. P h lla ..T r .
E A R N IN G S .— For y ear en d in g D ec. 31 1908, gross, $54 ,1 9 6 ; n e t , $ 1 5 ,
804; In 1907, gross, $ 56,309; n et a fter ta x e s , $ 1 1 ,7 8 5 .
R O A D .— A bou t 20 m iles o f track b etw een W est G rove, A v o n d a le, K enn e tt Square a n d W ilm in g to n , co n n ectin g a t K e n n ett for W est C hester.
T h e ex ten sio n from A v ond ale to O xford, 12 \ 4 m iles, has b een co m p le ted as
far as W est G rove, a n d Is In op era tio n to th a t p o in t. G auge, 5 f t . 2M n .
60 a n d 7 0 -lb . T and girder rail.
O F F IC E R S .— P res., Geo. K essler, P h lla .; V .- P ., C larence L . H arper,
P h lla.; S ec. and T rea s., P h ilip E . G uckes, P h lla.; S u p t., H . B a lu ss, K e n n ett
Square, P a .— V . 8 0 , p . 1060, 1176, 1730: V . 8 6 , p . 67 0 .
KENOSHA, WIS.
K E N O SH A ELEC TRIC R Y .— A tro lley road.
In J a n . 1909 th e In v e stm e n t R eg istry C o. of L o n d o n , E n g ., to o k o v er th e
m a n a g em en t, h a v in g purch ased co n tro l fro m A . C. F r o st. V . 8 8 , p . 101.
O R G A N IZ A T IO N .— F ranchise Is for fifty years from J u n e 2 1902. In
M ay 1907 filed a certificate Increasing ca p ita l to $ 1 ,0 0 0 ,0 0 0 . V . 8 4 , p . 1052.
ST O C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to ck $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )....................................... - ...........
$ 5 0 0 ,0 0 0 .................... ..
F irst m ortgage $ 1 ,0 0 0 ,0 0 0 ( 1907
5 g A-O
5 0 0 .0 0 0 A pril 1 1927
($1,000) g o ld .................... .......(W estern T ru st & S a v in g s B a n k a n d WI1llo u g h b y G . W a llin g , C hicago, tr u ste e s.
E A R N IN G S .— F or 12 m o n th s en d in g D ec. 31 1907, gross, $ 55,555; n e t,
$30,351; In 1906, gross. $54,4 9 0 ; n e t. $ 3 2 ,7 5 6 .
R O A D .— O p erates 4.1 m iles o f track In K en o sh a and to N o rth a n d S o u th
K en o sh a .— V . » 1 , p. 1492; V . 8 4 , p. 1 0 5 2 .
KEOKUK IA
K E O K U K E LEC TRIC R Y . & PO W E R CO — A tro lley road .
O R G A N IZ A T IO N — Incorp orated In 1900 as a co n so lid a tio n of th e s tr e c tra llw a y and electrlc-llg lit Interests In K eo k u k . A lso op erates electrlc-llg h t
and pow er p la n ts. In M ay 1906 arc-lig h tin g co n tra ct w as e x ten d ed 5 y ea r s.
ST O C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to ck $ 4 0 0 ,0 0 0 ($ 1 0 0 )...........................
....................
$ 4 0 0 ,0 0 0 .......................
1st m o rtg a g e. $ 2 5 0 ,0 0 0 ($ 5 0 0 )] 1900
5 g J-J
2 2 1 ,0 0 0
S ee t e x t
g o ld .............................................. j l n t . a t R o y a l T ru st C o ., C h icago, tru stee.
B o n d s .— O f th e $ 2 5 0 ,0 0 0 gold 5 s, $ 1 2 5 ,0 0 0 are d u e J u ly 1 10 2 5 , th e re
m a in in g $ 1 2 5 ,0 0 0 m atu re In annual in sta llm e n ts, v a ry in g from $ 5 ,0 0 0 to
$ 9 ,0 0 0 y ea r ly , on J u ly 1 , from 1907 to 1924 Inclu sive. $2 9 ,0 0 0 had m a
tu red up to S ep t. 19 0 9 . A re redeem able a t o p tio n o f co m p a n y a t 105 and
Interest a fter 1005. See V . 71 , p . 182.
R O A D .— O w ns and op erates R m iles o f tra ck and h as co n tra ct w ith c ity
for su p p ly in g 186 arc street lig h ts a t $60 per lig h t per a n n u m fo r 5 y e a r s from
M ay 10 1906.
m
„
_ _
O F F IC E R S .— P ie s , and M an ., A . D . A yres; S ec. and T r e a s., G eo. E . O.
J o h n so n .— V . 7 1 . p. 182; V . 8 3 . p . 687.
KEWANEE, ILL.
G A L E SB U R G & K E W A N E E ELE C T RIC R Y .
O R G A N IZ A T IO N .— Incorp orated M ay 1902
I s a reo rgan ization of
th e G alesburg & O neida E lec. R y . Co.
ST O C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on. $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................
$ 2 00,000
..................
P r ef., $40 0 ,0 0 0 ($100) 6% cu m ................................ 11 0 ,8 0 0
.............
F irst m tg e, $ 4 0 0 ,0 0 0 , ($500 &1 1906 5 g J .-J
4 0 0 ,0 0 0 J u ly 2 192#
$ 1 ,0 0 0 )- g _____________ c& rj I n t . a t A m er. T r.& S a v B k ., C h ic., tru stee.
B o n d s .— Are redeem able on a n y n terest d a y u n til J u ly 2 1911 a t 105 a n d
In t.; th erea fter a t par a n d Interest. N o sin k in g fu n d .
E A R N IN G S .— For 12 m o s. en d in g A pril 30 1909, gross, $ 6 5 ,0 0 4 ; n e t,
$25,061; Interest, ta x e s and m lsc., $ 23,957; surplu s, $ 1 ,1 0 4 .
R O A D .— H as c ity line In K ew an ee & W eth ersfield , a n d Interurban
b etw een K ew an ee a n d G alva. T o ta l tra ck op erated 14 m iles. 7 0 -8 0 -lb .
T a n d girder rails. G auge 4 ft. 8 H in .
„
„
. _
O F F IC E R S .— P r es., W . H . L ym an; V .- P ., H . W . Crane; S eo. & T r e a s.,
F . M. Lay: G en. M gr., R . H . H a yw ard ._________
KEYPORT, N. J.
J E R SE Y C E N T R A L TRACT ION CO.— T ro lley .
O R G A N IZ A T IO N .— T h is w as form erly know n a s th e K ey p o rt & M ataw an S treet R R .. a horse lin e , b u t h as b een op erated as an electric railw ay
sin ce J u ly 1901, and n am e ch an ged a s a b o v e on O ct. 4 1901. C om pan y ow ns
fran ch ises for th e carryin g of freig h t a n d tran sp orts b rick , g ra v e l, & c., for
C om pan y also o w ns 465 o f th e 500 shares o f sto ck and a ll o f th e b o n d s o f
th e M iddlesex & M onm outh E lectric L ig h t, H e a t & P o w er C o ., w hich fur
nishes lig h t to K e v p o r t, M ataw an and S o u th A m b o y
STOCK A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to ck $ 1 .5 0 0 ,0 0 0 .................................................................. $ 1 ,0 0 0 000 ..........................
1st m ortgage $ 7 5 0 ,0 0 0 g o ld ) 1901
5 g M -N
7 5 0 ,0 0 0 N o v 1 1931
($500 and $ 1 ,0 0 0 ).................. J In terest a t C olonial T ru st C o .. P h lla ., tru stee.
5 g J-D
7 5 0 ,0 0 0 D ec 1 1954
G en. m tg e. $ 1 ,5 0 0 ,0 0 0 g o ld ) 1904
( $ 1 ,000)
__c*j I n t. a t F id e lity T ru st C o .. N ew a rk , tru stee.
B o n d s .— Of th e $ 1 ,5 0 0 ,0 0 0 n ew b o n d s, $ 7 5 0 ,0 0 0 are reserved to retire
th e first 5s. T h e n ew b ond s are redeem able a t 105 a n d in t . D ec. 1 1914
or a n y Interest period th ereafter. Of th e $ 7 5 0 ,0 0 0 1 st m tg e . b ond s, $ 4 4 5 ,5 0 0
w ere held In Ju ne 1909 rea d y for ex c h a n g e in to g en . m tg e. b ond s.
L A T E S T E A R N IN G S .— J a n . 1 to A u g . 31 1909, gross, $ 122,784; n e t,
$ 5 8 ,7 7 4 .
R E P O R T .— F o r ca len d a r y ea r 1908 (Incl. M id. & M on. E le c. L ig h t,
H e a t & P o w er), gross, $ 154,080; n e t, $ 5 9 ,5 1 1 . In 1907, g ro ss, $ 1 2 5 ,9 4 4 ;
n e t, $ 1 5 ,1 2 4 .
R O A D .— O w ns and op erates 36 m iles o f road from S o u th A m b o y , K eyport and Bedford to R ed Bank; B edford th rough A tla n tic H ig h la n d s to
H ighland Beach; Freneau th rou gh M ataw an to K e y p o r t, N . J . S tand ard
gauge 60-lb . T and 70-lb . girder rails. N ea rly ad o v er p riv a te rig h t of w a y .
25 p assen ger cars, 2 electric lo c o m o tiv e s, 24 freig h t cars. An ex ten sio n
from S o u th A m b o y th rou gh M ech anlcsvld e and o v er th e R a rita n R iv er
b rid ge to P erth A m b o y Is e x p e c te d to b e co m p le ted in th e spring o f 1910.
O F F IC E R S .— P r es., J a s. H . Morris, L and T itle B ld g ., P h lla.; S ec. and
T re a s., J . B . L iv in g sto n , K e y p o r t, N . J .: A sst. S ec. a n d T re a s., W . U .
M oyer, L and T itle B ld g ., P h lla .— V . 76 , p . 1300.
KEY WEST, FLA.
K E Y W E ST ELECTRIC CO.— A tro lley ro a d .
^
„
O R G A N IZ A T IO N .— Incorporated In N ew J ersey In 1898 and d oes en tire
electrlc-llg h t and pow er b usiness In a d d itio n to en tire street railw ay b u sin ess
o f th e c i t y also o w ns f r a n c h i s e for m a n ufacture of gas
F r a n c h i s e s are for
99 y ea rs from 1898. In June 1904 acquired th e K ey W est E lectric L ig h t
& P ow er Co. V . 7 8 , o . 2334. In J u n e 1906 w as acquired b y S to n e &
W ebster of B oston and re-capitalized as b elo w . V . 8 2 . p . 1496.
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on $ 5 0 0,000 ($ 1 0 0 ).................................................
? ^ 5 .0 0 0 .......................
P ref $ 2 3 0 ,0 0 0 ($100) 6% n -c ............................. — — —
———
230 000 .......................
F irst m ortgage $ 1 ,0 0 0 ,0 0 0 / 1906
5 g F -A
4 5 0 ,0 0 0 A ug 1 1 9 5 6
Ko l d .................... - .....................(In te rest a t S ta te S treet T r. C o .. B o sto n , Tr
B o n d s .— A re su b ject to cad as a w hole a t 105 and Interest a t a n y tim e .
One per cen t of bonds o u t Is p a y a b le to a s i n k i n g f u n d b eg in n in g D ec. 1
1007, If earned; on D ec 1 1912 b eco m es o b lig a to r y . P r e f e r r e d s t o c k Is
redeem able a t par after D ec. 1 1009.
E A R N IN G S .— For calendar y ear 1 9 0 5 , gross, $110 ,8 8 2 ; n e t , after ta x e s ,
*3 R O A J).— O perates 5 m iles of track; 6 0 -lb . steel rads; 10 cars. G a u g e.
5 ft. 2 H in . Sup p lies 12,679 16 c .-p . la m p s a n d 129 h .-p . m otors; also 8
arc lig h ts a n d 105 fan s.
O F F IC E R S .— P res., G eorge J . B a ld w in , S avann ah ; 1 st V .- P ., C harles
F . W allace: 2d V .- P ., W ilbu r A . Carter; S e c ., C lem ent R . Ford: T rea s..
H enry B . Saw yer; M gr., S . B . T u ell, K e y W e s t, F la.; G en. Mgr* S to n e &
W eb ster, 147 Milk S treet, B o s to n .— V 82 . p . 1496.
KIN GSTO N , N . Y .
K IN G S T O N C O N S O L I D A T E
RR.
C hange in C ontrol .— I n 1 0 0 9 c o n t r o l p a s s e d I n to h a n d s o f F r e d . T . L e y
& C o . o f S p r in g fie ld , M a s s ., g e n e r a l c o n t r a c t o r s , a n d o t h e r s . V . 8 8 , p . 1 4 3 7 .
O R G A N I Z A T I O N .— T h is Is a c o n s o lid a t io n o n D e c . 11 1001 o f t h e K in g s
t o n C it y R R . a n d t h e C o lo n ia l C it y T r a c t io n . A p p lic a tio n w a s m a d e o n
A u g . 20 1 0 0 9 to t h e P u b . S e r . C o m m , fo r a u t h o r it y t o m a k e a n e w m t g e .
f o r $ 2 5 0 ,0 0 0 , o f w h ic h $ 7 5 ,0 0 0 t o b e is s u e d f o r t h w it h . V . 8 9 , p . 5 2 9 .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M u tu r it y .
C o m m o n , $ 2 0 0 ,0 0 0 1S 1 0 0 ) ____ ______
___________
$200 000
P r e fe r r e d . 4 % < u m $ 2 0 0 ,0 0 0 ________
___________
2 0 0 ’0 0 0 A u g ’08,"? %
F ir s t c o n s o lid a t e d m o r t g a g e / 1901
5 g J -J
5 4 9 ,0 0 0 J a n . 1 1 9 5 2
$ 7 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d - . c * l I n t . a t M a n h a tta n T r u s t C o ., N . Y . . T r u s t e e .
K in g s to n C ity R R .—
C o n so l $ 1 5 0 ,0 0 0 ($ 1 ,0 0 0 ) n o t / 1 8 9 3
5 M -S
1 3 5 ,0 0 0 M c h . 1 1 9 2 3
s u b j e c t t o ca ll b e fo r e m a t ’y U n t . a t F a r m e r s ’ L o a n & T r u s t C o . N . Y .
B o n d a n d m o r t g a g e ................... ..............
5 quar.
6 ,0 0 0 O n d e m a n d .
R o n d s .— $ 1 4 1 ,0 0 0 o f t h e n e w $ 7 0 0 ,0 0 0 c o n s o lid a t e d m o r t g a g e Is r e se r v e d
t o r e tir e t h e K in g s to n C ity R R . u n d e r ly in g lie n s .
$ 1 0 ,0 0 0 1 s t c o n s o l b o n d s
h a v e b e e n c a n c e le d .
D iv id e n d s . — 4% h a s b e e n p a id y e a r ly o n p r e fe r r e d s t o c k s in c e c o n s o li
d a t io n u p t o 1 9 0 8 , w h e n 2% w a s p a id A u g u s t 1 .
N o n e s in c e .
R O A D .— E m b r a c e s 8 m ile s o f t r a c k .
R a l l s , 7 0 , 8 0 a n d 9 0 - lb . 4 0 c a r s,
3 s n o w - p lo w s .
R E P O R T .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 : G r o s s , $ 1 4 1 ,2 4 5 ; n e t , $ 6 0 ,7 1 2 ;
fix e d c h a r g e s , $ 4 2 ,4 5 5 ; d i v id e n d s , $ 4 ,0 0 0 ; s u r p lu s , $ 1 4 ,2 5 7 .
O F F I C E R S .— P r e s ., ( v a c a n t) ; V . - P ., C . G . R e e l, K in g s t o n , a n d A . M .
D a y , 24 B r o a d S t . , N . Y .; S e c ., A u g . J . P h illip s , K in g s t o n : T r e a s ., A b m .
H a s b r o u c k , N e w Y ork ; G e n . M g r ., C . G o rd o n R e e l , K in g s t o n ; S u p t . , G . B .
t e B o w , K in g s t o n .— V . 7 3 , p . 1 1 6 0 ; V . 8 9 , p . 2 2 5 , 5 2 9 .
K IT TA N N IN G , P A .
K IT T A N N I N G & L E E C H IH J R G R A I L W A Y S C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia o n M a y 2 6 19 0 1 a n d
Is a c o n s o lid a t io n o f t h e K lt t a n n ln g A L e e c h b u r g R y . , t h e K it t a n n in g &
F o r d C it y S t r e e t R y . . t h e W e s t K it t a n n in g S t r e e t R y . a n d t h e K lt ta n n ln g
A M o s g r o v e S t r e e t R y . F ra n ch ise Is fo r 0 9 y e a r s .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 5 0 0 ,0 0 ( ) ( $ 5 0 ) _________ ____
________ __
$500 000 _
5 g J -J
2 7 ,5 0 0
1934
F ir s t m o r tg a g e $ 7 5 0 ,0 0 0 g o l d / 1 9 0 4
( $ 1 , 0 0 0 ) ........... ..........................c \ I n t . a t U n io n T r u s t C o ., P i t t s b u r g h , T r u s te e
L o a n s p a y a b le J u n e 3 0 1 9 0 9 .................................................
$ 2 1 2 , 9 1 3 .........................
B o n d s . — $ 2 7 ,5 0 0 are r e se r v e d t o r e tir e a lik e a m o u n t o f b o n d s o f th e K I tt a n n i n g & F ord C it y .
N e w b o n d s a re s u b j e c t t o c a ll a f t e r 5 y e a r s a t 1 0 5 .
E A R N I N G S .— O f t h e K lt t a n n ln g & L e e c h b u r g R a ilw a y to r fisca l y e a r
e n d in g J u n e 30 1 9 0 9 . g r o s s , $ 5 7 ,0 2 9 : n e t , $ 3 1 ,2 8 4 .
R O A D .— O p e r a te s 12 m ile s o f tr a c k b e t w e e n K lt t a n n ln g a n d F o r d C it y .
S t a n d a r d g a u g e . 7 0 - lb . r a ils . A n e x t e n s i o n o f 3 m ile s t o M o s g r o v e Is
u n d e r c o n s t r u c t io n , 1 /4 m ile s o f w h ic h Is c o m p le t e d .
O F F I C E R S .— P r e s , a n d M g r ., F . A . M o e s t a , K lt ta n n ln g ; S e c . a n d T r e a s .,
J a s . M c C u llo u g h J r ., K lt t a n n l n g .
K N O X V IL L E , TEN N .
K N O X V I L L E R A I L W A Y & L IG H T C O ,
C o n tr o lle d b y A m e r ic a n C itie s R y . A L ig h t C o ., w h ic h o w n s a ll t h e c o m
m o n s t o c k a n d n e a r ly a ll o f t h e p r e fe r r e d .
•
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e n n e s s e e o n A u g . 5 1 9 0 5 a s a c o n
s o lid a t io n o f t h e K n o x v ille T r a c tio n C o . a n d t h e K n o x v ille E le c tr ic L ig h t A
P o w e r C o.
D o e s a ll t h e s t r e e t r a ilw a y a n d a ll m u n ic ip a l a n d c o m m e r c ia l
e le c t r ic - lig h tin g a n d p o w e r b u s in e s s In K n o x v ille . A ls o c o n tr o ls th e
K n o x v ille P ark A s s o c ia t io n , o w n in g t w o a m u s e m e n t p a r k s . F ra n ch ises
a r e p e r p e tu a l, e x c e p t a s t o 1 /4 m ile s o f s t r e e t r a ilw a y , w h ic h la tt e r run u n til
N o v . 28 1 9 4 6 .
I s id o r e N e w m a n A S o n o f N e w Y o r k a n d N e w O rle a n s are
fisc a l a g e n t s .
STOCK A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity
C o m m o n $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ................. ..
.............. ..
$ 1 ,4 9 1 .9 0 0 J u n 3 0 ’0 9 ,2 %
P r e f 6% c u m $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
Q -J
5 0 0 .0 0 0 S e p t .30 0 9 ,1 H
C o n s o lid a te d m tg e $ 3 , 0 0 0 ,0 0 0 / 1 9 0 5
5 g M -S
1 ,0 3 2 ,0 0 0 S e p t . 1 1 9 4 5
g o ld ( $ 1 ,0 0 0 ) ------------------ c * \ l t t S t a n d a r d T r u s t C o ., N e w Y o r k T r u s t e e .
K n o x v ille T r a c 1 st M $ 8 5 0 , / 1 8 9 8
5 g A -O
8 2 4 ,0 0 0 A p ril 1 1938
0 0 0 g t a x f r e « ( $ l,0 0 0 ) c . . . l i n t , a t B a ltim o r e T r . A G u . C o . B a l t ., T r u s
S lo c k a n d B o n d s . — O f t h e $ 3 ,0 0 0 ,0 0 0 c o n s o ls . $ 8 2 4 ,0 0 0 a r e r e se r v e d to
r e tir e K n o x v ille T r a c . C o . b o n d s: t h e r e m a in in g $ 2 4 4 ,0 0 0 a r c In t h e c o m a n y ’s tr e a s u r y , h a v in g b e e n Issu ed t o c o v e r 8 0 % o f t h e c o s t o f r e c e n t
e t t e r m e n t s . T h e y a r e r e d e e m a b le o n a n d a f t e r S e p t . 1 1 9 1 0 a t 1 0 7 /4 a n d
I n t e r e s t o n 6 0 d a y s ’ n o t ic e . S in k in g fu n d a n n u a lly o f J4 o f 1% o f a ll b o n d s
o u t s t a n d in g (In c lu d in g K n o x v ille T r a c t io n b o n d s) b e g in s S e p t . 1 1 9 1 0 , a n d
a f te r 5 y e a r s Is In c r e a se d t o 1% a n n u a lly . T h e K n o x v ille T r a c . C o . first
m t g e . b o n d s are n o t s u b j e c t to c a ll. $ 2 6 ,0 0 0 h a v e b e e n c a n c e le d
P re
fe r r e d s t o c k Is r e d e e m a b le a t 1 1 0 .
D iv id e n d s . — 6% p e r a n n u m Is p a id o n p r e f. s to c k s in c e I s su a n c e . F ir st
d iv id e n d on c o m m o n — 2 % — J u n e 29 1 9 0 7 , 1% w a s p a id S e p t . 1 9 0 7 . a n d
1% D e c . 1 9 0 7 .
Ia 1908, 4% .
I n 1 9 0 9 , M c h ., 1% ; J u n e , 1% a n d 1%
s p e c ia l.
R E P O R T .— F o r c a le n d a r y e a r s:
Y ear—
G ross.
N e t a fter T a x e s . Interest.
S u r p lu s
1 9 0 8 .................................................... $ 5 7 2 ,2 7 1
$ 2 7 9 ,4 8 7
$ 1 3 7 ,9 5 2
$ 1 4 1 ,5 3 5
1 9 0 7 ..................
6 0 5 ,7 7 7
2 8 2 ,3 2 3
1 2 9 ,0 1 0
1 5 3 ,3 1 4
1 9 0 6 ................................................... 5 0 5 ,3 1 1
2 1 8 ,7 8 0
1 0 5 ,9 6 8
1 1 2 ,8 1 2
0 0 5 ...............................
3 9 4 .0 3 6 1 4 4 ,7 4 6
7 9 ,2 2 9
6 5 ,5 1 7
R O A D .— O w n s 41 m ile s o f t r a c k . I n c lu d in g 9 m ile s o f d o u b le tr a c k . 7 0 -lb
a n d o v e r T a n d g ir d e r r a il.
H a s 2 6 o p e n c a r s, 4 4 c lo s e d a n d s e m i- c o n
v e r t ib le c a r s a n d 15 f r e ig h t s e r v ic e ca rs; t o t a l , 8 5 . O w n s o n e p a rk a n d
le a s e s a n o t h e r .
O F F I C E R S .— P r e s ., C . H . H a r v e y ; V . - P ., W . S . S h ie ld s ; S e c . a n d T r e a s .,
L e o n F e n d e r ; A u d ., J . E . T a p p a n .— V . 8 1 , p . 1 0 4 4 ; 1 6 6 5 : V . 8 2 , p . 4 9 ,
6 2 8 , 1 4 3 8 ; V . 8 3 , p . 38; V . 8 5 , p . 3 4 5 , 4 0 5 , 7 9 3 ; V . 8 8 , p . 1 6 2 0 .
S
KOKOM O, IN D .
K O K O M O M A R IO N & W E S T E R N T R A C T IO N C O — A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a In F e b . 1 9 0 3 u n d e r g e n e r a l
r a ilr o a d la w s as s u c c e s s o r t o t h e K o k o m o C o n v e r s e A M a rlo n T r a c t io n C o .
I n A p r il 190 3 a c q u ir e d b y p u r c h a s e t h e e n t ir e c a p ita l s t o c k o f t h e K o k o m o
R a ilw a y * L ig h t C o. w h ic h w a s m er g e d In J a n . 1 9 0 6
O w n s l ig h t in g p la n t
In K o k o m o - a lso p r iv a te r ig h t or w a y .
F ranchises run 5 0 y e a r s
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g M a tu r ity .
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................................................$1 .OOO.OOOAuglO’0 9 ,1 %
P r e f e r r e d , $ 1 0 0 ,0 0 0 ( $ 1 0 0 ) ------6 1 -0
1 0 0 ,0 0 0
.ie e e x
m o r tg a g e
$1 0 0 0 ,0 0 0 / 1 9 0 3
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1 9 3 3
F ir s t
g o ld ( $ 5 0 0 A $1 0 0 0 ) c A r . _ \ I n t e r e s t a t S e c u r it y T r u s t C o .. I n d ., T r u s t e e .
K o k o m o R y A L ig h t 1st m t g e / 1 0 0 3
5 g J -J
2 5 0 ,0 0 0 J a n . 1 1 0 3 3
$ 3 5 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) c A r / I n t . a t S e c u r it y T r u s t C o , I n d ., T r u s t e e .
B o n d s . — $ 2 5 0 ,0 0 0 a r e r e se r v e d t o r e tir e a lik e a m o u n t o f b o n d s o f th e
K o k o m o R a ilw a y & L ig h t C o ; t h e r e m a in in g $ 1 0 0 ,0 0 0 u n d e r t h is la tt e r
m o r t g a g e h a s b e e n c a n c e le d .
B o n d s a r e s u b j e c t t o c a ll a t 105 a n d In te r e s t
a f te r J u ly 1 1 9 0 8 . S e e V . 7 6 , p . 1 1 4 3 ; V . 7 7 . p . 4 5 1 . T h e K o k o m o R a il
w a y & L ig h t b o n d s c a n b e c a lle d In 1 9 0 8 a t 105 a n d a r e g u a r a n t e e d , p r in c ip a l
a n d I n te r e s t, b y K o k o m o M arlon & W e s t.
D iv id e n d s .— O n p r e f. s t o c k , 6% p e r a n n u m Is b e in g p a id . O n c o m m o n
fir s t d iv id e n d — 1% — p a id A u g . 10 1 9 0 9 .
R E P O R T .— F o r c a le n d a r y e a r 1 9 0 8 : T o t a l g r o s s (In c l. b o t h R a ilw a y &
L i g h t in g ) , $ 1 9 9 ,1 7 5 : n e t a f te r t a x e s , $ 1 0 0 ,7 7 2 .
I n 1 9 0 7 , g r o s s , $ 1 8 8 ,1 7 7 ;
n e t a f te r t a x e s , $ 9 2 ,7 6 7 .
R O A D .— O p e r a te s 4 0 m ile s o f tr a c k In K o k o m o a n d fro m K o k o m o t o
M a r lo n .
Is c o n n e c tin g lin k b e t w e e n t h e N o r t h e r n T r a c t io n C o . a n d th e
U n io n T r a c tio n C o . o f I n d ia n a .
S t a n d a r d g a u g e . 7 0 - lb . T r a il.
O F F I C E R S .— P r e s . G eo J . M a r o tt; V . - P .. L . J . K ir k p a tr ic k ; S e c .
T r e a s . a n d G en . M g r ., T . C . M c R e y n o ld s ; A u d ., C . C . T r e e s .— V . 8 3 , p . 1 0 9 8 !
LA CO N IA , N. H.
L A C O N IA S T R E E T R A I L W A Y
tn N o v . 1906 c o n t r o l c h a n g e d h a n d s , a n d t h e n e w I n te r e s ts a ls o a c q u ir e d
c o n t r o l o f t h e L a c o n ia E le c tr ic L ig h t in g C o .
O R G A N I Z A T I O N .— F o r m e r ly t h e L a c o n ia A L a k e p o r t S t r e e t R y . , b u t
n a m e c h a n g e d t c a b o v e In 1894
S T O C K . A c .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 0 0 ,0 0 0 (p a r $ 5 0 ) ...................................... ..........
$ 1 0 0 ,0 0 0 .................
P r e fe r r e d , 6 % c u m ., $ 4 0 ,0 0 0 ................................................
4 0 0 0 0 ______
F ir s t m tg e , $ 9 1 ,0 0 0 ( $ 1 , 0 0 0 ) . ' 1 8 9 9
5 M -N
9 0 ,0 0 0 M a y 1 1 i»16
1 I n t e r e s t a t A m e r ic a n T r u s t C o . B o s t o n .
Second
m o rtg a g e ,
$ 4 0 ,0 0 0 / 1904
5 M -N
4 0 ,0 0 0 M ay 1 19 1 9
( $ 1 , 0 0 0 ) -------------------------------| I n t e r e s t a t P e o p le ’s N a t io n a l B a n k , L a c o n ia .
D iv id e n d s .— In 1 8 9 3 - 9 4 , p a id 5 % ; In 1 8 9 4 -9 5 , p a id 4 % ; n o n e s in c e .
R O A D .— O w n s 9 m ile s o f t r a c k , h a v in g In 1 8 9 9 b e e n e x t e n d e d t o W e ir s ,
4 m ile s , a n d t h e e n tir e s y s t e m e q u ip p e d w it h e le c t r i c it y .
In 1 9 0 3 r o a d w a s
c h a n g e d t o s ta n d a r d g a u g e .
E A R N I N G S .— F o r y e a r s e n d in g J u n e 3 0 :
1908.
1907. 1
1908.
1907.
G ro ss ----------------------- $ 3 3 ,7 2 2 $ 3 2 ,8 5 1 I n t . a n d t a x e s .............$ 9 ,1 4 2 $ 1 1 ,8 4 4
N e t --------------------------4 ,5 0 1
1 2 , 6 2 1 1 B a l. fo r y e a r ______d e f . 4 ,6 4 1 s u r .7 7 8
O F F I C E R S .— P r e s ., H . L . P ie r c e , L e o n m ln s t e r , M a ss.; T r e a s ., F r a n k
H . V le le , L e o m in s t e r , M a s s.; S e c ., G e o . P . M u n s e y ; G e n . M g r ., W m . H.
T y le e .
L A CROSSE, W IS.
LA CROSSE CITY RAILWAY.
O R G A N I Z A T I O N .— C h a rte r e d N o v . 17 1 8 8 5 . F ra n c h ise r u n s t il l 1 9 3 8
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g . L a s t D lv.,& c
S t o c k , $ 5 0 0 ,0 0 0 (p a r $ 1 0 0 ) ...................
S e c b e lo w . $ 5 0 0 ,0 0 0 f.p . I n ’0 7 ,7 /4 %
F ir s t m o r t g a g e . $ 1 7 5 ,0 0 0 g o l d / 1 8 9 3
6 g J -J
1 3 6 ,0 0 0 J a n . 1 1 9 1 8
($1 0 0 0 ) ------------------------------ j
S u b je c t t o c a ll J a n . 1 1 9 0 3 .
I n t e r e s t a t N o r th e r n T r u s t C o ., C h ic a g o ., III., T r u s t e e .
D iv id e n d s .— F o r 1 8 9 2 , 7 % ; 1 8 9 3 , n o n e ; 1 8 9 4 .7 % ; 1 8 9 8 , 7 %; 1 8 9 9 , 7 %;
1 9 0 0 , 5 % ; 1 9 0 1 , 6 % : 1 9 0 2 , 7 % ; 1 9 0 3 , 7 % ; 1 9 0 4 , 7 % ; 1 9 0 5 , 8 % ; 1906,
8% ; 1 9 07, 7 /4 % .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 7 , g r o s s , $ 1 2 6 ,1 3 0 ; n e t , a f t e r t a x e s
a n d I n t e r e s t , $ 2 0 ,1 2 2 .
I n 1 9 0 6 , g r o s s , $ 1 1 5 ,4 5 9 ; n e t , a f te r t a x e s a n d In
t e r e s t , $ 2 7 ,0 8 5 .
R O A D .— O w n s 1 4 .7 4 6 m ile s In c i t y o f L a c r o s s e .
O F F I C E R S .— P r e s ., B . E . E d w a r d s ; V . - P . , W . W . C a rg ill; S e c ., H . E .
W est; T r e a s ., R . C . W h e lp le y ; S u p t . , G e o . H . S h a w .— V . 8 4 p . 1 1 8 2 .
L A K E CH ARLES,
LA.
LAKE CHARLES RAILWAY. LIOHT & WATER WORKS CO.
O R G A N IZ A T IO N .— Incorp orated In L ouisiana In 1909. In J u n e 190#
th e co m p a n y acq u ired th e L ake C harles S treet R y . C o ., o p erating an electric
ra ilw a y In L ak e C harles and L a k e C harles Ic e , L ig h t A W a te r w o r k s C o.,
w hich o p era ted an Ice p la n t, electric-lig h t a n d pow er d ep a rtm en t and
w a ter sy ste m .
F ra n ch ise s expire: s tr e e t ra ilw a y , 1941; w a ter w ork s, 1916; electric lig h t
an d p ow er, 1926.
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$200,000 .................. ..
S to c k , $ 2 0 0 ,0 0 0 .......... - ......................... ...............................
F irst m o rtg a g e, $ 5 0 0 ,0 0 0 g / 1909
6 g F -A
3 0 0 ,0 0 0
S ee t e x t
($500 and $ 1 ,0 0 0 )______ c * | I n te r-S ta te T ru st A B k g . C o., N ew O rl., T r.
B o n d s .— R em a in in g b ond s are for Im provem en ts and ex ten sio n s on basis
of $1 In b ond s for each $1 33 o f Im provem en ts, A c. B onds m atu re $ 1 5 ,0 0 0
sem l-a n . from A u g . 1 1912 to F e b . 1 1922, b oth Inclusive: b u t red eem ab le
on and a fter A u g . 1 1914 on a n y ln t. d a y on 30 d a y s ’ n o tice . I n t. Is p a y a b le
a t o ffice of tru stee or a t Chic. S a v . B ank A T ru st C o., C hicago.
E A R N I N G S .— Of co n stitu e n t co m p a n ies for 1 908, g ross, $183,226;
op er. e x p e n se s, ln t. A ta x e s , $128,305; n e t, $ 5 4 ,9 2 1 .
R O A D co n sists of 7 .6 4 m iles of track . 6 0 -lb . rails.
O F F IC E R S .— P r e s ., J . A . L andry; S e c ., P . O . M oss.— V . 8 9 , p . #1#.
LANCASTER, PA.
SUSQUEHANNA RAILWAY. LIGHT & POWER CO.— Incorp orated la
C onn ecticu t F eb . 27 1907 to ow n. control and op erate electric railw ay and
gas p rop erties. V . 8 4 , p . 2 7 1 ,3 9 2 . H as acquired all th e com m on sto ck of th e
U n ited Gas A E lectric Co. O w ns en tire co m . sto ck of L an caster C oun ty
R y . A L ig h t Co. V . 8 4 , p . 693. In J a n . 1909 purchased th e p ro p erty and
franchises of P h ila . C oatesvllle A L an caster S t . R y . and reorganized It as
th e C hristiana A C oatesvllle S t. R y . V . 8 7 , p. 1534; V . 88, p . 158.
STO C K —
D a te.
In te re st. O u tsta n d in g .
L a st Dig.
S to ck , co m , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................ $ 4 ,0 5 4 ,5 0 0
.......................
S to ck , pref 5% cum to 7% ,1
5 M-S
4 ,0 )2 ,2 0 0 S ep . 1 ’0 9 ,2 /4 %
$ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )............... / _____
S to c k .— A fter 5% h as been paid on th e co m m o n , th e preferred w ill share
eq u a lly w ith th e com m on In n o n -cu m u la tlv e d iv id en d s up to 7 %, all oth er
d iv id en d s accruing to th e com m on shares. V . 8 4 , p . 5 7 1 , 693.
D iv id e n d s .— First dividend on preferred of 2 /4 % paid S ep t. 1907. In
1908, 5% : In 1909, M ch., 2 /4 % ; S e p t., 2 )1 % .
R E P O R T .— For y ea r en d in g J u n e 30 1909. S ee V . 8 9 , p. 845.
N e t e a r n . s u b . c o m p a n ie s . . $ 4 7 0 ,0 7 0
E a r n s , s e c u r . h e l d ___________ 1 0 8 ,1 8 3
3 4 ,1 0 9
I n t . A m ls c e ll. I n c o m e _____
D I v . p f . s t k . U . G . A E . C o . $ 5 8 ,6 0 5
D l v . p f . s t k . L a n c .C . R . A L .
5 0 ,0 0 6
T o t a l d e d u c t io n s __________ $ 2 4 7 ,6 5 6
T o t a l n e t e a r n ln g 3 __________ $ 6 1 2 ,3 6 2 A p p lic a b le t o d l v . o f S u s .
D educt —
R y . L t . A Povv. C o _______ $ 3 6 4 ,7 0 6
I n t . U n it e d G . A E . C o .b d s . $ 8 8 ,0 5 1 D i v i d e n d s ___________________ 2 0 4 ,6 1 6
I n t . L a n e . C o . R y . A L ig h t
b o n d s _____________________
5 0 ,0 0 0
.
T o t a l s u r p lu s _____________ $ 1 6 0 ,0 9 6
O F F I C E R S .— P r e s ., G e o . B u llo c k ; V . - P ., R . E . G rlsc o m ; S e c . a n d T r e a s .,
A . S . C o o k e: A s s t . S e c . A T r e a s ., W . M . C a n b y .— V . 8 5 , p . 65 5 : V . 8 7 .p .l 4 1 6 ;
V . 8 9 , p. 8 4 5 .
(1) Lancaster County Railway & Light—
O R G A N I Z A T I O N .— I n c o r p o r a te d o n J u n e 15 1901 In N e w J e r s e y . O w n s
p r a c tic a lly a ll t h e c a p ita l s to c k s o f t h e C o n e s to g a T r a c t io n (c o m . a n d p r e f . ) ,
th e L a n c a s te r G a s L ig h t A F u e l C o ., t h e E d is o n E le c tr ic I ll u m in a t i n g C o .
a n d t h e C o lu m b ia E le c tr ic L ig h t , H e a t A P o w e r C o . o f C o lu m b ia , P a . ,
a n d t h e s e s t o c k s a r e p la c e d u n d e r t h e n e w m tg e . o f 1 9 0 1 . F ra n ch ise s are
p e r p e tu a l.
D o e s a ll t h e g a s a n d e le c t r ic lig h t in g In t h e c it ie s o f L a n c a s t e r
a n d C o lu m b ia , a n d p r a c tic a lly a ll I n .L a n c a s te r C o u n ty .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k c o m $ 1 ,3 5 0 ,0 0 0 ( $ 5 0 ) ________
______
"
$ 1 ,1 0 0 ,0 0 0 S c p ’0 9 ,2 /4 %
S t o c k p f , $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ) 5 % \
c u m u la t iv e _________________ f
____
____ __
1 .0 0 0 .
0 0 0 S e p ’0 9 ,1 H %
M o r tg a g e . $ 1 ,0 0 0 ,0 0 0 g o l d / 1901
5 g J -J
__________ _____ 0______ 1 1951
1 .0 0 0 .
0 0 J u ly
( $ 5 0 0 a n d $ 1 ,0 0 0 ) -----------c * l I n t e r e s t a t L a n c a s t e r T r u s t C o ., T r u s t e e .
S ec u ritie s of L in e s C ontrolled —
C o n e s to g a T r a c t io n fir st m t g e . 1 9 0 0
4 J -J
1 ,2 7 7 .5 0 0 J a n . 1 1 9 5 6
L a n c a s te r C ity R R fir st m t g e / 1 8 9 0
5 g A -O
1 6 0 ,0 0 0 A p ril 1 1 9 2 6
($ 1 0 0 a n d $ 5 0 0 ) _________ c * \M e t r o p o lit a n T r u s t C o ., N . Y ., T r u s t e e .
W E S t R y first m tg e $ 2 2 5 .- / 18 9 1
5 M -N
2 2 5 ,0 0 0 M a y 1 1921
0 0 0 ($ 1 0 0 , $ 5 0 0 A $ l ,0 0 0 ) c * j M e tr o p o lita n T r u s t C o . N . Y . , T r u s t e e .
3 7 ,5 0 0 2 0 % p e r a n .
L a n c a s te r A C o lu m b ia s t o c k . . ____
5 A -O
2 2 5 .0 0 0 A p r il 1 1 9 2 3
F ir s t m o r t g a g e _______________1 8 9 3
5 M -N
1 2 5 .0 0 0 M a y 1 1 0 3 5
C o lu m b ia E le c L t H t A P m tg e 1 9 0 5
5 J -J
4 9 ,7 0 0 J u ly I 10 2 2
E d iso n E le c I liu m C o m t g e ___ ______
5 J -J
2 5 0 ,3 0 0 J a n . 1 192 6
do
do
m t g e -------------3 0 0 .0 0 0 J a n . 1 102 6
5 J -J
L a n e G a s L ig h t A F u e l m t g e . _______
1 0 0 .0 0 0 J a n . 1 1936
5 J -J
do
do
m t g e .. 1906
D iv id e n d s .— T h e fir st d iv id e n d o n t h e p r e fe r r e d s t o c k (3 % ) w a s p a id on
J u ly 1 190 4 a n d 3 % w a s a g a in p a id o n O c t . 1 1 9 0 4 .
In 1 0 0 5 , J a n . 3 %
(se e V . 7 9 . p . 2 7 9 6 ); J u l y . 3 % : D e c .. 4 / 4 % .
I n 1 0 0 6 . M a r c h , 4 %; A u g .,
2 /4 % .
In 1 9 0 7 , J a n ., 2% ; J u ly , 5 % .
In 1 9 0 8 , 5 % . I n 1 0 0 9 , J a n . ,
1 / 4 % ; M c h ., 1 / 4 % ; J u n e , 1 /4 % : S e p t ., 1 / 4 % .
O n c o m m o n : In 1 0 0 8 ,
1 0 % ; in 1 9 0 9 , J a n ., 2 % ; M c h ., 2 /4 % : J u n e , 2 /4 % : S e p t ., 2 / 4 % .
R E P O R T .— R e c e ip ts o f t h e L a n ca ster C o u n ty R a ilw a y A L ig h t fo r fisc a l
y e a r e n d in g J u n e 3 0 1 9 0 9 w e r e : G ro ss I n c o m e , $ 1 8 9 ,7 2 1 ; n e t , $ 1 8 7 ,8 3 7 ;
I n t e r e s t , $ 5 2 ,1 2 4 ; s u r p lu s , $ 1 3 5 ,7 1 3 .
R O A D .— T h e C o n e s to g a T r a c t io n C o . (th e o p e r a tin g c o m p a n y ) le a s e s
1 5 7 .1 1 m ile s o f tr a c k . I n c lu d in g t h e L a n c a s t e r C ity S t r e e t R y . , 1 3 .5 5 m ile s;
L a n c a s t e r A C o lu m b ia , 9 .1 6 m ile s; L a n c a s t e r A L lt lt z , 1 0 .1 0 m ile s C o lu m
b ia A I r o n v llle , 3 .5 9 m ile s; C o lu m b ia A D o n e g a l. 5 .6 7 m ile s; L a n c a s t e r A
M c c h a n lc s b u r g A N e w H o lla n d , 2 0 .6 2 m ile s; t h e N e w H o lla n d B lu e B a ll A
T e r r e H ill S t r e e t R y . . 5 m ile s; t h e R o h r e r s t o w n L a n d ls v lllc A M t. J a y R y . ,
10 m ile s; t h e L a n c a s t e r A E a s te r n R y . , 17 m ile s; t h e L a n c a s te r A Q u a r ry v llle S t r e e t R y . , 8 .7 5 m ile s; t h e E liz a b e t h t o w n A F lo r in S t r e e t R y . , 7 m ile s;
t h e C h r is tia n a A C o a t e s v llle S t . R y . , 1 1 .1 m ile s; L a n c a s t e r A M llle r s v llle
R y . , 3 .5 7 m ile s; L a n c a s t e r W illo w S t r e e t L a m p e t e r A S tr a s b u r g R y . , 1 1 /4
m ile s; t h e L a n c a s t e r A M a n h e lm R y . , 8 m ile s; th e E p h r a ta A A d a m s t o w n ,
8 m ile s , a n d t h e L a n c a s t e r A R o c k y S p r in g s , 4 / 4 m ile s . T h e l a t t e r fo u r
c o m p le t e d a n d le a s e d fo r 9 9 9 y e a r s a t a r e n ta l o f 6% o n s t o c k .
O F F I C E R S .— P r e s ., \V . W . G rlc st; V .- P ., G eo r g e B u llo c k ; S e e . a n d
T r e a s ., A . S . C o o k e . — V . 7 9 , p . 5 0 1 , 1 3 3 0 , 2 7 9 6 ; V . 8 4 , p . 2 7 1 , 3 9 0 , 5 7 0 ,
693.
(a) Lancaster Mechanicsburg & N e w Holland Ry.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d M a y 16 1 8 9 0 .
R u n s fro m L a n c a s t e r
to N e w H o lla n d , w it h a n e x t e n s io n t o E p h r a ta , 2 0 .6 2 m ile s .
I s le a s e d
t o C o n e s to g a T r a c t io n C o . for a r e n ta l o f 8 % o n s t o c k . C a p ita l s t o c k ,
$ 3 0 0 ,0 0 0 . S t o c k Is n o t o w n e d b y le s s e e .
N o b o n d s.
(b) Rohrerstown Lnndisvillc & Alt. Joy Ry.—Trolley.
O R G A N I Z A T I O N .— O w n s a n e le c t r ic ro a d o f 10 m ile s fr o m L a n c a s te r
th r o u g h L a n d ls v llle , S a lu n g a , M t. J o y a n d F lo r in .
I s le a s e d fo r 0 0 9 y e a r s
t o t h e C o n e s t o g a T r a c t io n a t r e n ta l o f 6 % o n Its 5 4 0 0 ,0 0 0 s t o c k .
N o fu n d e d
d eb t.
V . 73 p . 2 3 0 .
(c) Ephrata & Adamstown Ry.—A trolley road.
O R G A N I Z A T I O N .— T h is c o m p a n y w a s I n c o r p o r a te d w i t h $ 2 2 5 ,0 0 0
c a p it a l s to c k on S e p t . 17 1 0 0 1 .
O w n s r o a d fro m E p h r a ta t o A d a m s t o w n ,
8 m ile s , w h ic h w a s le a s e d In 1 9 0 3 t o t h e C o n e s to g a T r a c t io n C o . fo r a r e n ta l
o f 0 % on th e s to c k .
N o fu n d e d d e b t .
(d) Lancaster & Rocky Springs Ry.—
O R G A N I Z A T I O N .— O p e r a te s 4
m ile s o f tr a c k .
S t o c k , 5 2 0 0 ,0 0 0 . N o
b o n d s.
L e a s e d t o C o n e s t o g a T r a c t io n C o . fo r 0 0 9 y e a r s a t 6 % o n s t o c k .
(e) New Holland Blue Ball & Terre Hill Street Ry.—
O R G A N I Z A T I O N .— O p e r a te s a lin e fro m B lu e B a ll t o T e r r e H ill. Is
le a s e d t o t h e C o n e s to g a T r a c t io n C o .f o r 0 9 9 y e a r s a t 5 % o n Its $ 1 2 0 ,0 0 0
c a p it a l s t o c k .
(f) Lancaster & Eastern Ry.
O R G A N I Z A T I O N .— O p e r a te s 17 m ile s o f tr a c k fr o m L a n c a s t e r t o C h r is
t ia n a .
C a p it a l, $ 4 3 0 ,0 0 0 .
W a s le a s e d o n J u n e 1 1 0 0 6 t o C o n e s t o g a T r a c
t io n C o . a t 0 % o n s t o c k .
(g) Lancaster & Quarryville Stroct Ry.—
O R G A N I Z A T I O N .— C o n sis ts o f 8 .7 5 m ile s o f t r a c k .
t o g a T r a c t io n a t r e n ta l o f 6% o n Its $ 2 2 5 ,0 0 0 s t o c k .
I s le a s e d t o C o n e s
(h) Elizabethtown & Florin Street Ry.—
O R G A N I Z A T I O N .— C o n sis ts o f 7 m ile s o f tr a c k . O c t . 1 1 0 0 8 w a s le a s e d
t o C o n e s t o g a T r a c t io n a t r e n ta l o f 6% o n $ 2 2 0 ,0 0 0 s t o c k .
(1) Christiana & Coatesvillc St. Ry.
O R G A N I Z A T I O N .— O r g a n iz e d In P e n n s y lv a n ia M a r ch 15 1 9 0 9 . I s a
r e o r g a n iz a t io n o f t h e P h lla . C o a t e s v illc & L a n e . S t . R y .
$ 4 0 0 ,0 0 0 ($ 5 0 )
s t o c k , $ 3 0 0 ,0 0 0 o u t s ta n d in g ; n o b o n d s .
I s le a s e d to C o n e s to g a T r a c t io n
C o . a t a r e n ta l o f 6% o n c a p it a l. C o n s is ts o f 1 1 .1 m ile s b e t w e e n C h r is tia n a
a n d C o a t c s v ille .
(2) United Gas & Electric Co.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y . O w n s a n d c o n t r o ls
12 g a s a n d e le c t r ic c o m p a n ie s In v a r io u s c it i e s In t h e U n it e d S t a t e s .
A ll
t h e c o m m o n s to c k h a s b e e n a c q u ir e d b y t h e S u s q u e h a n n a R y . L t . & P o w . Co
ST O C K A N D B O N D S.
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m m o n , $ 2 ,5 0 0 ,0 0 0 —
____
___________$ 1 ,6 4 9 ,2 0 0 ______________
S t o c k , p r e fe r r e d , $ 1 , 5 0 0 , 0 0 0 . . ----------------------1 ,1 7 2 ,1 0 0 ____________
1 s t m t g e . , $ 3 ,0 0 0 ,0 0 0 ($ 5 0 0 1 1 0 0 2
5 g J -J
1 ,8 2 1 ,5 0 0
1922
a n d $ 1 ,0 0 0 ) g o l d ---------------c / I n t . a t N e w Y o r k T r u s t C o ., t r u s t e e .
O F F I C E R S .— P r e s ., G e o r g e B u llo c k ; V . - P . , R ic h a r d S . S to r r s; S e c .
a n d T r e a s ., A . S . C o o k e .
^
LANCASTER & YORK FURNACE STREET RY.—A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d J u ly 2 2 1001 In P e n n s y lv a n ia .
In
F e b . 1008 r e d u c e d s t o c k fr o m $ 2 8 0 ,0 0 0 t o $ 1 7 0 ,0 0 0 a n d m a d e $ 1 5 0 ,0 0 0
m t g e ., w h ic h s e e b e lo w . V . 8 6 , p . 4 8 0 .
STO C K A N D B O N D S —
D a le.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 7 0 ,4 0 0 ( $ 5 0 ) .................................................................
$ 1 7 0 ,4 0 0 ................. ..
1 st m tg g o k l $ 1 5 0 ,0 0 0 ( $ 1 0 0 ,) 1 9 0 8
5 g J -J
1 0 ,0 0 0 J a n
1 10 2 8
$ 5 0 0 , $ 1 , 0 0 0 ) ---------------c & r / l n t . a t N o r th e r n T r u s t C o ., L a n e ., t r u s t e e .
B o n d s .— Are not subject to call and have no sinking fund.
R O A D .— O p e r a te s 12 J £ m ile s o f tr a c k b e t w e e n M llle r s v llle a n d Y o r k
F urnace.
7 0 - lb . T r a il.
G a u g e 5 f t . 2 M In.
O F F I C E R S .— P r e s ., P a u l H e in e ; V ic e - P r e s ., A . B . B a u sm a n ; S e c ., J . H .
M yers; T r e a s ., A. M . L a n d is ; G en . M g r ., J . W . G a r d n e r .— V . 8 6 , p . 4 8 0 .
L A N S D A L E , PA .
MONTGOMERY TRACTION CO.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia o n J u ly 6 1 9 0 5 a s
s u c c e s s o r u n d e r fo r e c lo su r e o f t h e L a n sd a lc & N o r r isto w n E le c tr ic R y .
STO C K A N D B O N D S —
D ale.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k $ 2 5 0 ,0 0 0 ( $ 5 0 ) .............. - ...............................................
$ 2 5 0 ,0 0 0
.........................
F ir st
m o r tg a g e ,
$ 2 5 0 .0 0 0 1 1 0 0 5
5 gJ J
2 5 0 ,0 0 0 J u ly 15 193 5
( $ 1,0001 g o l d ...................... .. . c ] In t. a t E . P . W ilb e r T r . C o ., S o . B e t h .,P a .,T r .
1 0 2 .j
Hnml< are m o je e r t.n nail u n re nruo
lia n a s m e s uililrr-t 10 c a n b e fon e 1 0 0 8 a t j u - 't 4 :; t h e rreea fite r at. 10a .
u iie a t e a t iu a
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , $ 3 8 ,8 5 4 ; In 1 0 0 7 , $ 3 9 ,5 2 6 .
R O A D .— O p e r a te s 1 . m ile s o f tr a c k fro m L a n sd a lc t o N o r r is t o w n .
G auge. 5 ft. 2
In . 7 0 a n d 8 0 - lb . T r a il.
O F F I C E R S .— P r e s ., W . O . H a y , E a s to n ; S e c . a n d T r e a s ., G . A . R e e d
B e th le h e m ; S u p t ., T h o m a s G ib s o n , W e s t P o in t , P a . — V . 8 1 , p . 5 0 8 .
LA N SIN G , MICH.
A U C H IG A N U N I T E D R Y S .— A th ir d -r a il a n d t r o lle y s y s t e m .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ic h ig a n o n M arch 31 1 9 0 6 a n d
• n M ay 1 1006 t o o k o v e r t h e M ic h ig a n T r a c tio n C o ., t h e M ic h ig a n T r a c t io n
E x t e n s io n C o ., t h e J a c k s o n 8c B a t t le C reek T r a c tio n C o ., a n d t h e L a n s in g &
S u b u r b a n 'T raction C o . T h e L a n s in g & J a c k s o n R a ilw a y C o . h a s a ls o b e e n
d e e d e d to t h e M ic h ig a n U n . R y s . I n O c t. 1 9 0 7 t h e L a n sin g S o . R y . w a s
I n c o r p o r a te d a i a s u b s id ia r y c o m p a n y t o b u ild t w o m ile s o f e le c t r ic r a ilw a y
th r o u g h M a s o n . M ic h . S t o c k . $ 5 0 ,0 0 0 .
In 1 0 0 8 c o n s o lid a t e d w it h J a c k s o n C o n so lid a te d T r a c t io n C o . V . 8 4 , p .
1183, and V. 87, p. 285.
L a t t e r c o m p a n y ’s fra n ch ise s In J a c k s o n e x p ir e
In 1 0 6 0 . T h e c i t y o f J a c k s o n h a s t h e r ig h t to p u r c h a s e t h e J a c k . C o n s.
T r a c . a t a n a p p r a is e d v a lu e In 1 9 3 0 a n d e a c h 5 y e a r s t h e r e a f t e r .
STO C K A N D B O N D S —
D ate.
In te re st, o u ts ta n d in g .
M a tu r ity .
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................ $ 6 ,0 0 0 0 0 0 ......................
P r e f $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 6 % c u ........................... .................
1 .0 0 0 ,0 0 0
See te x t.
5 g M -N
3 ,9 8 5 ,0 0 0 M a y 1 1 9 3 6
1 s t & r e f’g m tg e $ 1 2 ,5 0 0 ,0 0 0 ) 1 0 0 6
g o ld ( $ 1 ,0 0 0 , $ 5 0 0 . $ 2 5 0 ) , ) I n t . a t K n i c k e r b o c k e r s .C o ., N . Y . , t r u s t e e ,
$100 and
5 0 ---------------c& r j
o r N a t . P r o v in c ia l B k . o f E n g ., L o n d o n .
M ich T r a c t 1 st m t g e ...................... 1901
5 g J -J
7 0 0 ,0 0 0 J u n e 1 1921
$ 7 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d - , c * l I n t e r e s t a t N e w Y o r k T r u s t C o .. T r u s t e e .
M ic h ig a n T r a c e x t t r s t m tg e I 100 3
5 g J -D
5 0 0 ,0 0 0 D e c . 1 1 9 2 3
$ 5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d . , . c ) I n t . a t K n ic k e r b o c k e r 'T r . C o ., N . Y .. T r u s t .
J a c k s o n & B a t t le C reek first] 190 3
5 g J -J
1 .2 0 0 ,0 0 0 J a n . 1 19 2 3
m o r t g a g e , $ 1 ,2 0 0 ,0 0 0 ( $ 1 , - ] I n t e r e s t a t C it iz e n s ’ S a v in g s & 'Trust C o .,
00 0 ) g o ld - .........................c*J
C le v e ., T r u s t e e , o r F ir st N a t . B k ., N . Y .
J a c k s o n C o n so l T r a c 1 st m tg e 1 1 9 0 4
5 g M -N
7 9 0 ,0 0 0 M a y 1 19 3 4
$ 1 ,0 0 0 ,0 0 0 g o ld ( $ 1 0 0 , $ 5 0 0 H n te r c s t a t G u a r d ia n T r u s t C o ., N e w Y o r k ,
a n d $ 1 , 0 0 0 ) .............. .............c*J
T r u ste e.
B o n d s . — O f t h e $ 1 2 ,5 0 0 ,0 0 0 1 s t & r e f. b o r .d s, $ 3 ,1 0 0 ,0 0 0 a r e r e se r v e d
fo r p r io r lie n s new o u t s ta n d in g , $ 1 ,5 0 0 ,0 0 0 fo r c o n s tr u c t io n o r p u r c h a s e
• f a d d it io n a l lin o s
$ 3 ,8 2 5 ,0 0 0 r e se r v e d fo r a d d it io n s , b e t t e r m e n t s a n d
im p r o v e m e n ts .
A re s u b j e c t t o c a ll a f te r M a y 1 1 0 1 6 a t 1 1 0 .
V. 82,
p . 1 1 5 7 . S e e at** T . 8 7 , p . 1 6 7 , 28 5 ; V . 8 8 , p . 1 4 3 7 . T h e J a c k s o n C o n so l.
T r a c . C o. b o n d s a r e s u b j e c t t o c a ll o n a n y in t . d a t e a t 1 0 5 . T h e y a r c g u a r .,
p . & L , b y M ic h . U n . R y s .
O n t h e M ic h ig a n 'T ractio n C o . b o n d s a s in k in g fu n d o f 5 % o f g r o s s e a r n
in g s c o m m e n c e d In 1 9 0 3 , t o b e u s e d In b u y in g b o n d s a t n o t t o e x c e e d 110;
o t h e r w is e t o b e I n v e s te d In o t h e r s ta n d a r d s e c u r it ie s .
V . 7 2 , p . 391;
$ 4 4 ,0 0 0 o f b o n d s n o w h eld In s in k in g fu n d .
T h e J a c k s o n < n a t t l e C reek b o n d s a r e s u b j e c t t o c a ll In a n y a m o u n t
fc
a f te r 10 y e a r s a t 105 a n d I n t e r e s t .
V . 75, p . 1147.
D iv id e n d s . — #% Is b e in g p a id o n p r e f. s t o c k .
_
E A R N I N G S .— I n c lu d in g J a c k s o n C o n so lid a te d T r a c t io n C o .:
Y ea rs en d in g A p r il 3 0 — 1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
1 9 0 6 -0 7 .
1 0 0 5 -0 6 .
G ro ss e a r n in g * ....................$ 1 ,0 2 1 ,1 2 8
$ 9 4 3 ,3 2 4
$ 8 7 7 ,0 1 5
$ 7 8 2 ,3 4 6
L e s s o p e r . e x p e n s e * ____
5 6 8 ,1 5 7
5 2 1 ,7 2 8
4 7 6 ,8 5 1
4 4 1 ,4 7 1
N e t e a r n in g * ....................
$ 4 5 2 ,9 7 1
$ 4 2 1 ,5 9 6
$ 4 0 0 ,1 6 4
$ 3 4 0 ,8 7 5
R O A D .— O p e r a te s a ll c it y lin e s In K a la m a z o o , B a t t le C r e e k , J a c k s o n a n d
L a n s in g a n d I n te r u r b a n lin e s fr o m L a n s in g t o S t . J o h n s , J a c k s o n t o B a t t le
C r e e k , B a t t le C reek to K a la m a z o o a n d J a c k s o n to W o lf L a k e ; t o t a l o p e r a t e d ,
197 m ile s .
T h e L a n s in g & J a c k s o n d iv is io n Is u n d e r c o n s tr u c t io n , 3 7 ^ m .
fr o m L a n s in g t o J a c k s o n , o f w h ic h 12 m ile s fro m L a n sin g t o M a so n w a s p u t
In o p e r a tio n N o v . 1 1 0 0 8 .
R e m a in d e r w ill b e c o m p le t e d in O c to b e r 1 9 0 9 .
O F F I C E R S .— P r e s ., M y ro n W . M ills, M a r y sv ille ; 1 st V . - P ., J a s . R .
E lli o t , L a n sin g ; 2 d V .- P . a n d G e n . M g r ., J . P . C la rk , J a c k s o n ; S e e ., R .
M o r r is o n : T r e a s ., P o m e r o y L a d u e .— V . 8 2 , p . 8 0 5 ,9 8 7 . 1 1 5 7 ; V . 8 4 . p . 1 1 8 3 ;
V . 8 5 , p . 7 22; V . 8 7 , p . 9 7 , 1 6 7 , 2 8 2 , 2 8 5 ; V . 8 8 , p . 2 9 5 , 1 4 3 7 .
L E E T O N IA , OHIO
YOUNGSTOWN & OHIO RIVER RR.— A t r o lle y a n d s t e a m r o a d
F r e ig h t s e r v ic e o p e r a te d b y s te a m ; p a s s e n g e r s e r v ic e b y e le c t r i c it y ,
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n D e c . 8 1 9 0 5 .
In 100 6
le a s e d th e S a le m R R . fro m th e P itt s b u r g h L isb o n & W e s te r n R R . C o . for
$ 6 ,0 0 0 p e r a n n u m ; th e fo r m e r r u n s b e t w e e n S a le m a n d W a s h in g to n v llle
7 m ile s .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) .......................................................
$ 1 ,7 0 0 ,0 0 0 .................
1st
m o rtg a g e.
$ 2 , 5 0 0 ,0 0 0 / 1 9 0 7
5 g J -D
1 ,5 0 0 ,0 0 0 J u n e 1 1 9 2 7
($1 0 0 0 ) , g o l d -------------c * & r ] I n t . a t C it iz e n s ’ S a v . & T r . , C le v e . T r u s t e e .
B o n d s .— T h e u n is s u e d $ 1 ,0 0 0 ,0 0 0 Is te s e r v e d fo r e x t e n s i o n s a n d lm p r o v e m en ts
B o n d s a r e s u b j e c t to c a ll a t 101 a n d I n t o n a n y I n te r e s t d a y .
o “ O A D - -— O p e r a te s fr o m t h e t e r m in u s o f t h e S ta r k E le c tr ic R y . In
S a le m , O h io , t h r o u g h t h e c i t y o f S a le m t o a c o n n e c tio n w it h t h e S a le m R R .,
a n d o v e r t h e S a le m R R . fr o m S a le m th r o u g h W a s h ln g t o n v llle , L e e t o n la .
L is b o n a n d W e s t P o in t to E a s t L iv e r p o o l, O h io , a d is t a n c e o f 3 6 m ile s .
A t L e e t o n la , O ., c o n n e c tio n Is m a d e w it h t h e Y o u n g s to w n & S o u t h e r n R y . ,
a n d b y a tr a f f ic a r r a n g e m e n t t h e c a r s o f t h e Y o u n g s to w n & O h io R iv e r R R .
a r e o p e r a te d in t o t h e c it y o f Y o u n g s t o w n .
O w n s 2 9 m ile s o f tr a c k a n d
le a s e s 7 m ile s .
O F F I C E R S .— P r e s ., R . F . D e n n is o n ; S e c . a n d T r e a s ., F . S . W h itc o m b ;
G e n . M g r ., C h a s. S . T h r a s h e r .
G e n e r a l o f f ic e , L e e t o n la , O .— V . 8 5 , p . 532;
V . 8 6 , p . 1346; V . 8 7 , p . 679; V . 8 8 , p . 8 2 4 .
LEW ISTO N ME.
LEWISTON AUGUSTA & VVATERVILLE STREET RY.— A tro lley road,
O R G A N IZ A T IO N .— Organized In M aine In 1907 a s a co n so lid a tio n of
. ' L ew iston B runsw ick & B ath S treet R y . (w hich ow ned th e B runsw ick
9
& T opsham R y ., L ew iston & A uburn R R . and B a th S treet R y .) and th e
A u gu sta W lnthrop & Gardiner R y . (a co n so lid a tio n In M ay 1902 o f th e
A u g u sta H allow ell & G ardiner R R . and th e L ew iston W lnthrop & A u g u sta
S treet R y .) . V . 8 4 , p . 1 182. F ra n ch ise s are p erp etu a l. D o es a freig h t
b u sin ess.
STOCK A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r it y .
Stock, $ 3 ,0 0 0 ,0 0 0 ($ 10 0 ) .................... ..
................
$ 3 ,0 0 0 ,0 0 0 .......................
F irst a n d refunding m ort-1 1907
5 g A -O
1 ,5 0 0 ,0 0 0 A pril 1 1937
g a g e, $ 5 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ,! Old C olony T ru st C o ., B o sto n , T ru stee.
— -----------------------c*j In terest a t a g en cy of com p a n y , B o sto n .
S ec u ritie s o f the L ew . B r u n s . & B a th S t . R y .—
First m tg e. $ 1 ,0 0 0 ,0 0 0 g o l d - - - 1898
5 g M-S
8 4 5 ,0 0 0 M ch. 1 1918
B a th S t R y 1st m tg e$ 3 0 0 ,0 0 0 ] 1893
5 g J-J
7 0 ,0 0 0 J u ly 1 1 9 1 3
gold ($ 1 ,0 0 0 )-----------------c * 1 S u b ject to ca ll a fter J u ly 1 1898.
L ew iston & A ub H R R 1st M . 1891
5 J -D
8 5 ,0 0 0 Jan 1 1911
S ec u ritie s o f the A u g . W in. <fc Gar. R y .—
A u g u sta H a llo w ell& G a rd in er) 1890
6 J-J
10 500 J u ly 1 1910
first m ortgage for $ 1 0 0 ,0 0 0 /ln t . a t In te rn a tio n a l T r. C o ., B o s to n , T ru st.
A ug H & G gen m tg e c o n v - .c 1901
4 J-J
*239.500 J u ly
1951
A u g Win & Gard 1st M $ 2 5 0 ,-\ 1902
4 g J -J
* 1 5 0 ,0 0 0 J u ly 1 1952
0 0 0 c o n v ($ l ,000 & $500) g c * / In t. a t A u g u sta T r. C o ., A u g u sta , Me. T ru st
A u g W in & Gard gen M $125,-) 1905
5 g J-J
1 0 0 ,0 0 0 Jan 1 1 9 3 5
000 ($500 and $1,000) g o ld /In terest a t A u g u sta T ru st C o ., T ru stee.
• B o n d s .— T h e $ 5 ,0 0 0 ,0 0 0 1st m tg e. bonds arc su b ject to call on a n y Int.
d a y a t 1 0 7 H and Int. N o sin k in g fu n d . $ 1 ,5 0 0 ,0 0 0 arc reserved for prior
lien s, $ 5 0 0 ,0 0 0 are In treasu ry for p resen t Im provem en ts and b etterm e n ts
and $ 1 ,5 0 0 ,0 0 0 are reserved for fu tu re e x ten sio n s and Im p rovem en ts.
T h e A u g u sta W lnthrop & Gardiner R y . g en . m tg e. b ond s of 1905 are su b ject
to call a t par on a n y lilt, d a te on 65 d a y s’ n o tice. T h e A ug. W in . & Gar.
R y . 1st m tg e. bonds are ex ch a n g ea b le for 4% p re f. stock of th e sa m e co m
p a n y , w hich sto ck has th e sam e secu rity as th e b ond s and m atu res a t th e
sa m e tim e; $ 7 7 ,0 0 0 of bonds reported a b o v e as o u tsta n d in g had b een e x
ch an ged up to F e b . 1 1909. T h e A ug. H . * Gar. g en . m tg e . b ond s are e x
ch an geab le for 4% p ref. stock of th e sam e co m p a n y , h a v in g th e sam e s e
cu rity as th e b ond s and m atures a t th e sa m e tim e; $ 1 7 8 ,0 0 0 of th e $239 ,5 0 0
reported a b o v e as o u tsta n d in g had been ex ch a n g ed u p to S ep t. 1 5 1 9 0 9 .
Of th e L ew iston B runsw ick & B ath S treet R y . 1st m tg e. b ond s of 1898,
$ 1 5 5 ,0 0 0 are reserved to retire th e und erlyin g bond s.
E A R N I N G S .— F o r y ea r en d in g J u n e 30 1909, gross, $466,277; n e t, $ 1 8 1 ,
267; llx ed ch arges, $160,890; surplu s, $ 2 0 ,3 7 7 .
R O A D .— O perates a s y ste m In and b etw een A u g u sta , H a llo w ell, G ardiner,
F a rm in g to n , T ogu s and W ln th rop , and an o th er s y ste m co n n ectin g B ath
w ith B ru n sw ick, L ew isto n , A ub u rn , S a b a ttu s, &c. L in e from L ew isto n
to A u gu sta a n d W a terv llle, co n n ectin g tw o sy ste m s, co m p leted In 1 9 0 8 .
T o ta l, 134 m iles.
.
O F F I C E R S .— P r es., Joh n R . G raham , Bangor: V .- P ., II. L . C lark, P h lla .
T re a s., D. S. H ah n , L ew iston; Gen. Mgr. a n d P u r. A g t ., H arry B .I v e r s ,
L ew isto n .— V . 8 4 , p . 1182; V . 8 5 , p. 469.
LEW ISTO W N , P A .
UTILITIES CORPORATION.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n M a r ch 11 1 9 0 9 .
T h e c o m p a n y p r o p o s e s t o p u r c h a s e ’‘c le c t r lc - I lg h t , s t r e e t r a ilw a y a n d g a s
p r o p e r tie s w h e r e th e r e Is a n o p p o r t u n it y fo r e x p a n s io n a n d a n In c r e a se i*
e a r n in g s fr o m c e n tr a liz e d a n d e f f ic ie n t m a n a g e m e n t .”
H a s a c q u ir e d e n t ir e
$ 1 5 0 ,0 0 0 s t o c k o f t h e L e w ls t o w n & R c e d s v llle E le c . R y . , e n t ir e s t o c k o f
M ifflin C o u n ty G a s & E le c . C o . a n d a m a jo r ity o f C it iz e n s ’ E le c . L t . , H e a t
& P o w e r C o . o f A lt o o n a . S t o c k a u t h o r iz e d , $ 1 ,0 0 0 ,0 0 0 c o m m o n ; $ 1 , 0 0 0 ,
0 0 0 ($ 1 0 0 ) 6% c u m .( fr o m J a n . 1 1 9 1 0 ) p r e f ., s u b j e c t t o c a ll a t 1 1 0 a f t e r
J a n . 1 1 9 1 3 , n o n - p a r t lc lp a tln g . A m o u n t s o u t s t a n d in g (? ). N o b o n d * .
O F F I C E R S .— P r e s ., C h a rle s D a y ; V . - P ., D a n e A . P e a r s o n ; S e c ., J o h a
E , Z lm m e r m a n n .
Lewistowri & Rccdsville Electric Ry.
E n tir e s to c k Is o w n e d b y t h e U t i li t i e s C o r p o r a tio n . V . 8 8 , p . 1 1 2 8 .
O R G A N I Z A T I O N .— I n c o ib o r a t e d In P e n n s y lv a n ia o n M arch 2 4 189 2
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 1 5 0 ,0 0 0 1 0 0 7 0 8 ,5 %
S t o c k $ 1 5 0 ,0 0 0 ($ 5 0 ) .......... ................ ...............................
1 st m o r tg a g e g o ld ( $ 5 0 0 a n d ) 1 8 9 9
5 g J -J
1 5 0 ,0 0 0 J u n e 1 1 9 1 9
$ 1 .0 0 0 )
$ 1 5 0 ,0 0 0 ____ c & r / l n t . a t U n io n T r u s t C o ., P h l la ., T r u s t e e .
2 d m o r tg a g e g o ld ( $ 5 0 0 a n d ) 1 9 0 2
5 g M -N
1 2 5 ,0 0 0 M a y 1 191 7
$ 1 ,0 0 0 ) $ 1 2 5 ,0 0 0 ____ c<Scr/Int. a t C o m ’w e a lth T r . C o ., H a r r ls b ’g . T r u s .
B o n d s . — T h e fir sts a r e n o t s u b j e c t t o c a ll , b u t t h e s e c o n d s c a n b e c a lle d
a t p a r a f te r 3 y e a r s .
D iv id rti'ls . — 1 9 0 2 t o 1 9 0 7 . I n c lu s iv e , 5% p e r a n n u m .
E A R N I N G S .— F o r fisc a l y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 6 3 ,9 7 1 ; o p e r .
e x p e n s e s , $ 4 6 ,5 8 1 ; n e t . In c lu d in g I n c o m e o n s e c u r it ie s o w n e d , $ 8 ,0 1 5 ; I n te r
e s t c h a r g e s , $ 1 3 ,7 5 0 ; d iv id e n d s , n o n e ; s u r p lu s , $ 4 ,2 6 5 .
R O A D .— O p e r a te s 9W m ile s o f t r a c k fro m L e w ls t o w n t o R e e d s v llle a n d
L e w ls t o w n J u n c t io n , w it h a b r a n c h t o B u r n h a m . 6 0 a n d 7 0 - lb . T a n d
7 0 - lb . g ird er r a il.
O F F I C E R S .— P r e s , a n d M g r ., J . I . Q u ig le y , L e w ls t o w n ; V . - P . , J o h n B .
Z lm m e r m a n n , P h lla .; S e c . a n d T r e a s ., C h a s. D a y , P h lla .; S u p t . , C. B .
G o ss a r d , L e w ls t o w n .— V . 8 8 , p . 1 1 28; V . 8 9 , p . 9 1 9 .
LEX IN G T O N , K Y .
LEXINGTON & INTERURBAN RAILWAYS CO.—
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n D e c . 5 1 9 0 5 a n a
a c q u ir e d $ 7 9 9 ,9 2 5 o f t h e $ 8 0 0 ,0 0 0 s to c k o f t h e L e x in g t o n R y . C o ., t h e e n t ir e
s t o c k ($ 2 2 5 ,0 0 0 ) a n d b o n d s ($ 8 8 ,0 0 9 ) o f t h e F r a n k fo r t & V e r s a ille s T r a c t lo *
C o ., t h e e n t ir e s to c k o f t h e B lu e G ra ss T r a c t io n C o ., t h e e n t ir e $ 1 2 5 ,0 0 9
c o m m o n s t o c k o f t h e C e n tr a l K e n t u c k y T r a c t io n C o . a n d t h e e n t ir e p r e
fer r e d s t o c k a n d b o n d s o f t h e la tt e r c o m p a n y .
D o e s t h e e n t ir e e le c t r ic
lig h t , g a s , s tr e e t r a ilw a y a n d Ice b u s in e s s o f L e x in g t o n .
S t r e e t r a ilw a y
f r a n c h is e s In L e x in g t o n . G e o r g e to w n a n d P a r is a n d fo r In te r u r b a n l in e s a r e
p e r p e tu a l: In F r a n k fo r t e x p ir e s In J u n e 1 9 2 3 .
E le c tr ic l ig h t a n d p o w e r
fr a n c h is e In L e x in g t o n e x p ir e s In A u g u s t 1 9 1 6 .
M E R G E R O F S U B S I D I A R Y C O M P A N I E S .— In 1 9 0 7 th e F r a n k f o r t &
V e r s a ille s T r a c t , a n d C e n tr a l K e n tu c k y T r a c t . C o . w e r e m e r g e d u n d e r
th e n a m e o f T h e C e n tr a l K e r f tu c k y T r a c tio n C o ., w it h c a p it a l s to c k o f $ 4 2 5 ,
0 0 0 . a ll o w n e d b y t h is c o m p a n y . V . 8 5 , p . 3 4 4 .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 2 ,0 0 0 ,0 0 0 .........................
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 5 0 ) ...................................................
P r e f $ 1 ,0 0 0 ,0 0 0 ($ 5 0 ) s e e t e x t ................................
3 4 2 ,0 0 0
.............. ..........
C oll T r u s t M tg e $ 6 ,0 0 0 ,0 0 0 ) 1 9 0 6
5 g F -A
1 , 0 3 ,0 0 0 F e b 1 195 6
g o ld ($ 1 ,0 0 0 ) ____________ c / I n t . a t G u a r . T r . & S . D . C o ., P h l la . , T r u s .
N o t e s $ 7 5 0 ,0 0 0 - _____ _______
1909
6%
(?)
1911
P a s s e n g e r fc B e lt 1 st M tg e ] 1891
6 g A -O
7 8 ,0 0 0
See te x t
$ 2 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ................... / I n t . a t A m e r . T r .& S a v . B k . C h ic a g o , T r u s .
L e x . R y . M tg e ., $ 1 ,5 0 0 ,0 0 0 ] 1 8 9 9
5 g J -D
1 ,4 1 7 3 0 0 J u n e 1 1 9 4 9
g o ld ( $ 1 ,0 0 0 ) ____________ e * J C o n t in e n ta l T r . C o ., B a lt im o r e , 'l’r u s te e .
B lu e G ra ss 1 st M tg e $ 7 0 0 ,0 0 0 ] 190 4
5 g M -S
4 1 4 ,0 0 0 M ch 1 1 9 3 4
g o ld ($ 5 0 0 a n d $ 1 ,0 0 0 ) . c & r / l n t . a t C le v e la n d T r . C o ., C l e v ., T r u s t e e .
G e o r g e t’n & L e x ’to n 1st m tg e ] 1901
5 g M -N 1 5
2 0 0 ,0 0 0 N o v 15 1921
$ 2 5 0 ,0 0 0 g o ld ($ 1 0 0 , $ 5 0 0 ' I n t . a t C ln c ln . T r . C o ., T r u s .. a n d a t S t a n d a n d $1 0 0 0 ) _______ - .c& r j
a rd T r u s t C o ., N e w Y o r k
C e n t K en T r a c t 1 s t m t g e ] 1 9 0 7
5 F -A
* 8 1 5 ,0 0 0 A u g 1 1 9 3 7
$ 4 ,0 0 0 ,0 0 0 ..............................c * /G u a r .T r u s t & S a fe D e p . C o ., P h l la ., t r u s t e e ,
• O f t h is a m o u n t $ 8 8 ,0 0 0 h a s b e e n d e p o s ite d a s c o lla t e r a l fo r L e x . & I n t e r
u r b a n R y s . c o ll, t r u s t m tg e . o f 1 9 0 6 .
S to c k . — T h e p r e fe r r e d s t o c k Is 8 % , c u m u la t i v e fr o m J a n . 1 1 9 0 8 , a n d Is
r e d e e m a b le a f te r 1 9 1 0 a t $ 6 0 p e r s h a r e , a n d Is c o n v e r tib le I n to c o m m o n s t o c k .
S e e V . 84 p . 2 2 0 . B o t h c la s s e s o f s t o c k a r e lis t e d o n t h e P h lla . S t o c k E x c h .
V . 84, p .6 2 6 .
B o n d s . — O f t h e $ 6 ,0 0 0 ,0 0 0 c o ll, t r u s t b o n d s , s u f f l c e n t a r e r e s e r v e d to
r e tir e t h e 1 s t m t g e . b o n d s o f t h e B lu e G ra ss T r a c t io n C o . a n d t h e G e o r g e
t o w n & L e x i n g t o n , a n d r e m a in d e r r e se r v e d fo r b e t t e r m e n t s a n d a c q u is it io n s .
A s in k in g fu n d o f
o f b o n d s o u t Is o p e r a tiv e fr o m 1 9 1 6 t o 1 9 2 6 ; t h e r e a f t e r
1 % ; s a id fu n d t o b e I n v e s te d In t h e b o n d s a t n o t h ig h e r t h a n 1 1 0 a n d I n te r
e st.
I n 1 9 0 8 t h e B lu e G ra ss T r a c t io n m a d e a 2 d m t g e . fo r $ 2 0 0 ,0 0 0 5%
b o n d s d u e In 1 9 3 8 , o f w h ic h $ 8 3 ,0 0 0 h a v e b e e n Issu e d , a n d t h e L e x in g t o n
R y . a 2 d m t g e . o f $ 6 0 0 ,0 0 0 5% b o n d s , d u e In 1 0 3 8 , o f w h ic h $ 3 3 ,0 0 0 h a v e
b e e n I s su e d . T h e w h o le o u t s t a n d in g a m o u n t o f b o t h (a s a lso $ 8 8 ,0 0 0
C e n tr a l T r a c . 1 s t m t g e . b o n d s) h a s b e e n d e p o s ite d a s a d d it io n a l c o lla t e r a l
f o r L e x i n g t o n & I n t e r u r b a n R y s . c o ll, trur.t m t g e . o f 1 9 0 6 ; V . 8 7 , p 4 1 4 .
A s in k in g fu n d o n t h e $ 1 ,5 0 0 ,0 0 0 L e x in g t o n R y . b o n d s o f 1 8 9 9 w ill r e tir e
1% o f t h e b o n d s a n n u a ll y a t 1 1 0 a n d I n te r e s t. T h e P a s s . & B e lt R y . b o n d s
m a t u r e $ 1 5 ,0 0 0 a n n u a lly b e g in n in g A p r il 1 1 9 0 6 .
L A T E S T E A R N I N G S — F o r 11 m o n th s e n d in g N o v . 3 0 1 9 0 8 , g r o s s .
$ 5 6 6 ,4 1 8 ; n e t , $ 1 9 7 ,7 4 7 . I n 1 0 0 7 (11 m o s .) , g r o s s , $ 5 1 6 ,3 5 5 ; n e t , $ 1 8 5 ,8 9 9 .
R O A D .— O p e r a te s L e x in g t o n c i t y lin e s , 16 m ile s; F r a n k f o r t c i t y l in e s .
8 m ile s; W in c h e s t e r c i t y lin e s 3>$ m ile s; lin e fr o m L e x i n g t o n t o G e o r g e
t o w n , 12 m ile s; lin e fr o m L e x in g t o n t o P a r is , 1 8 m ile s; a n d a lin e fro m L e x
i n g t o n t o V e r s a ille s , 13 m ile s . A n e x t e n s io n o f 16 m ile s fr o m V e r s a ille s
t o F r a n k fo r t Is c o m p le t e d a n d In o p e r a tio n . T o t a l t r a c k , a b o u t 6 6 A m ile s .
A n o th e r e x t e n s io n fr o m L e x in g t o n t o N lc h o la s v llle Is n o w b e in g c o n s t r u c t e d .
R a lls , 56 t o 8 0 lb s .
O w n s 2 5 c lo s e d a n d 3 3 o p e n c a r s. 9 ln te r r u b a n p a s s e n
g e r a n d 2 e x p r e s s c a r s , a n d h a s 4 2 d o u b le - m o t o r a n d 11 q u a d r u p le - m o t o r
e q u ip m e n ts .
O F F I C E R S .— P r e s ., J . L e v e r in g J o n e s , P h lla .; V . - P . , J o h n B la ir M acA fe e , P h lla .; S e c ., H e n r y R a i n e y , P h lla .; T r e a s ., H . C . D e l a n y , P h lla .
A u d it o r , G e o . W . D e la n e y ; G en . S u p t . , I . L . O p p e n h e lm e r .— V . 8 5 , p . 3 4 6 ,
1462; V . 8 7 , p . 2 2 6 , 4 1 4 , 480; V . 8 8 . p . 5 0 6 , 1373,
LIMA OHIO.
WESTERN OHIO RY.—A trolley system of standard gauge, entirely on
private right of w ay.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n O c t . 11 1 9 0 0 . T h is Is o n e
o f t h e M a n d e lb a u m r o a d s a n d fo r m s a lin k In t h e th r o u g h c a r s e r v ic e fro m
T o le d o t o D a y t o n .
O w n s e n t ir e c o m m o n a n d p r e f. s t o c k o f t h e L im a
F i n d l a y & T o le d o R y .
V . 83, p . 97, 157, 381.
H a s c o n t r a c t t o f u r n is h
p o w e r u n t il 1 9 1 3 t o L im a & T o le d o T r a c t io n , F o r t W a y n e V a n W e r t & L im a
T r a c t io n a n d I n d ia n a C o lu m b u s & E a s t e r n T r a c .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
$ 3 ,0 0 0 ,0 0 0 .........................
C o m m o n $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..............................................
P r e f 6% c u m , $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................
4 0 0 ,0 0 0 N o d l v . y e t .
1 s t m o r tg a g e $ 3 ,0 0 0 ,0 0 0 g o l d f 1901
5 g M -N
2 ,5 0 3 ,0 0 0 N o v 1 192 1
($ 1 ,0 0 0 ) $ 2 6 ,5 0 0 p e r M ._ * c { I n t . a t C It. S a v in g s & T r u s t C o .. C le v e la n d ,
l
T r u s t e e o r F ir s t N a t io n a l B a n k , N . Y .
L F & T 1 s t m t g e $ 6 0 0 ,0 0 0 f 1 9 0 5
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 2 5
g o ld ( $ 1 , 0 0 0 ) . ......................... c i l n t . a t C it iz e n s S a v in g s & T r u s t C o ., C lc v e l
la n d . T r u s t e e , o r In N e w Y o r k .
N o te s,
$ 3 6 0 ,0 0 0
( $ 1 ,0 0 0 ) / 1 9 0 9
6 Q -11
$ 3 6 0 ,0 0 0 S e p t . 1 1 9 1 2
s in k in g f u n d _____________ c \ I n t e r e s t a t C le v e la n d T r u s t C o ., C le v e ., T r .
B o n d s . — T h e W e s t O h io b o n d s h a v e n o s in k in g fu n d a n d b o n d s a r e n o t
s u b j e c t t o c a ll.
S e c V . 7 6 , p . 1 6 0 , fo r a g r e e m e n t a m o n g b o n d h o ld e r s . T h e
L im a F in d la y & T o l . b o n d s h a v e a s in k in g fu n d o f $ 1 0 ,0 0 0 p e r a n n ., b e g in
n in g In 1 9 1 1 .
A r e s u b j e c t t o c a ll a t 1 0 5 . V . 8 0 , p . 2 3 4 4 . T h e n o t e s a r e
s e c u r e d b y $ 5 0 0 ,0 0 0 1 s t 5s a n d $ 5 0 0 ,0 0 0 c o m . a n d $ 2 7 0 ,0 0 0 p r e f. s t o c k
lo a n e d to c o m p a n y b y la r g e s to c k h o ld e r s . S in k in g fu n d $ 1 ,0 0 0 a m o n th ,
b e g in n in g S e p t . 1 5 , fo r 1 s t y e a r ; $ 1 ,5 0 0 a m o n th 2 d y e a r , a n d $ 2 ,5 0 0 a
m o n t h fo r 3 d y e a r . T h e y c a n b e c a lle d o n a n y I n t. d a y a t 101 d u r in g 1 st
y e a r , 1 0 0 V\ d u r in g 2 d y e a r a n d 1 0 0 A t h e r e a f t e r to J u n e 1 1 9 1 2 .V .8 9 , p .6 6 7 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 4 4 1 ,7 9 1 ; n e t ,
$ 1 9 5 ,6 2 0 ; c h a r g e s , $ 1 8 3 ,2 8 7 ; s u r p lu s , $ 1 2 ,3 3 3 .
I n 1 9 0 7 , g r o s s , $ 4 4 4 ,8 4 6 ;
n e t , $ 2 0 3 ,8 0 7 ;
c h a r g e s , $ 1 6 0 ,9 2 8 ;
s u r p lu s , $ 4 2 ,8 7 9 . T h e a p p a r e n t
s h r in k a g e In s u r p lu s In 1 9 0 8 Is a s c r ib e d to a c h a n g e In a c c o u n t in g p o lic y .
R O A D .— I-lm a v i a W a p a k o n e t a t o P lq u a ; W a p a k o n e t a v i a S t . M a ry s t o
C e lln a ; S t . M a r y ’s t o M in ste r ; m a k in g a lt o g e t h e r 7 8 1 $ m ile s o f m a in lin e ;
a ls o s id in g s , 10 m ile s . A ls o L im a t o F i n d l a y , 3 1 .9 m ile s , t h u s c o m p le t in g
a t h r o u g h lin e t o T o le d o . T o t a l o f a ll m ile a g e a b o u t 1 2 0 m ile s . S ta n d a r d
gauge.
O p e r a t e s 19 p a s s e n g e r a n d 6 o t h e r c a r s.
O F F I C E R S .— P r e s ., L . J . W o lf; 1 s t V . - P ., M , J . M a n d e lb a u m ; 2 d V . - P .
a n d G e n . M g r ., F . D . C a r p e n te r ; S e c . & T r e a s ., H . C . L a n g ; A s s t . T r e a s .,
A . E . F e l h l.— V . 8 3 , p . 9 7 . 1 5 7 , 3 8 1 ; V . 8 5 , p . 1 5 2 0 ; V . 8 8 . p . 6 26; V . 8 0 ,
p . 667.
LINCOLN, NEB.
LINCOLN TRACTION.— A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e b r a s k a In 1 9 0 9 .
I s a c o n s o li
d a t io n o f t h e old L in c o ln T r a c t io n a n d t h e C it iz e n s ’ R y . C o . V . 8 8 . p . 5 0 6 .
H o ld e r s o f t h e o ld L in c o ln p r e f. s t o c k ( $ 7 0 0 ,0 0 0 ) r e c e iv e d 1 1 0 In t h e n e w
b o n d s.
H o ld e r s o f t h e old L in c o ln c o m m o n ( $ 3 3 0 ,0 0 0 ) g o t fo r e v e r y s h a r e
o f o ld , t w o s h a r e s o f n e w p r e f. a n d fo u r s h a r e s o f n e w c o m m o n .
H o ld e r s
o f C it iz e n s ’ R y . s t o c k ( $ 4 1 5 ,0 0 0 ) r e c e iv e d 1 0 0 % In n e w p r e f. a n d 8 0 % In
new com m on.
STO C K A N D B O N D S —
D a te . In te re st. O u tsta n d in g .
M a tu r ity .
- ......................
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .............................................. $ 1 ,6 5 2 ,0 0 0
P r e f. $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 ) 6% c u ------Q -F
1 , 0 7 5 ,0 0 0 A u g .’0 9 , I A %
1 s t m o r t g a g e $ 1 ,5 0 0 ,0 0 0 g o ld 1 1 9 0 9
5 g J -J
7 7 0 ,0 0 0 M ar. 1 193 9
( $ 1 ,0 0 0 ) .............. ..................c & r j l n t e r e s t a t N e w Y o r k T r u s t C o ., t r u s t e e .
O ld L in c o ln T r a c . m t g e . g . $ l , - j 1 8 9 9
5 g J -J
2 5 0 ,0 0 0
J an 1 1920
0 0 0 ) $ 2 5 0 ,0 0 0 .............. .......... c * ( I n t e r e s t a t N e w Y o r k T r u s t C o ., t r u s t e e .
B o n d s . — O f t h e neic L in c o ln T r a c t io n C o . b o n d s $ 2 5 0 ,0 0 0 a r e r e se r v e d
fo r p r io r lie n s a n d $ 4 8 0 ,0 0 0 a r e fo r e x te n s io n s a n d I m p r o v e m e n ts a t 8 5 %
o f c o s t.
D iv id e n d s . — I n i t i a l d l v ., 1 A % . p a id o n p r e f. M a y 1 1 9 0 9 ; A u g ., 1 A % E A R N I N G S .— F o r old L in c o ln T r a c t 'o n C o. fo r c a le n d a r y e a r , I n c lu d
in g lig h t a n d p o w e r :
1908.
1907.
1908.
$ 4 0 8 ,2 1 6
$ 3 7 6 ,4 6 1
G ro ss e a r n i n g s ................................. ................................$ 4 2 3 ,5 1 5
I n t . , d l v ., o p e r . e x p . a n d r e c o n s t r u c t io n ____ 344 ,8 -» 7
3 7 5 ,3 2 4
3 1 4 ,2 4 5
S u r p l u s ......... ..................... .......... ................................- $ 7 8 ,6 6 8
$ 3 2 ,8 9 2
$ 6 2 ,2 1 6
R O A D .— Old L in c o ln T r a c . C o . o w n e d a b o u t 4 2 m ile s o f t r a c k .
O F F I C E R S .— C h a ir m a n o f B o a r d , M . L . S c u d d er ; P r e s ., J . W . M e
D o n a ld ; V . - P ., W . E . S h a r p , S e c . F . H . C a rter, 52 W a ll S t . , N e w Y o rk ;
T r e a s ., J . H . S m it h : G e n . M g r ., J . H . H u m p e , L in c o ln .— V . 8 8 , p . 5 0 6 .
OMAHA LINCOLN & BEATRIcT r Y.
I s c o n s t r u c t in g 56 m ile s b e t w e e n L in c o ln a n d O m a h a , o f w h ic h 5 .6 m ile s
fr o m L in c o ln to B e t h a n y H e i g h t s Is c o m p le t e d : r e m a in d e r e x p e c te d to b e
c o m p le t e d d u r in g 1 9 0 9 . S t a n d a r d g a u g e .
7 0 - lb . T r a il. F ra n ch ise s, 09
y e a r s a n d p e r p e t u a l. S t o c k a u t h o r iz e d , $ 2 ,2 5 0 ,0 0 0 ( $ 1 0 0 ); o u t s t a n d in g ,
• 3 0 0 .0 0 0 .
N o b o n d s.
O F F I C E R S .— P r e s . H a r v c v M usser; V . - P . . H . I I . W ilso n ; S e c ., T r e a s .
a n d G en . M g r ., E . C. H u r d ; A u d ., H . S . N o r t o n .
LITTLE ROCK, ARK.
LITTLE ROCK RAILWAY & ELECTRIC CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In A r k a n s a s o n M a rch 17 190 3 a n d Is a
c o n s o lid a t io n o f t h e L i t t l e R o c k T r a c t io n & E le c tr ic C o . (g r a n te d a n e w
fr a n c h is e o n S e p t . 2 8 1901 fo r 5 0 y e a r s: V . 7 3 , p . 7 8 4 ) a n d t h e L i t t l e R o c k
E d is o n E le c tr ic L ig h t & P o w e r C o . (fr a n c h is e u n l im i t e d ) .
O p e r a te s a ll
s tr e e t r a ilw a y s In c it y a n d a ll c o m m e r c ia l e le c t r ic lig h t in g ; a ls o la r g e p o r tio n
o f lig h t in g In A r g e n t a , A r k .
C o n tr o lle d b y A m e r ic a n C itie s R a ilw a y &
L ig h t C o.
I s id o r e N e w m a n & S o n o f N e w O r le a n s a n d N e w Y o r k a r e
fis c a l a g e n t s .
STO C K A N D B O N D S —
D a te. In te re st. O u ts ta n d in g .
M a tu r ity .
C o m m o n , $ 1 , 5 0 0 ,0 0 0 ..................................... 5 J - D
$ 1 ,5 0 0 ,0 0 0 J u n e 3 0 ’0 9 , 4%
P r e f , 6% c u m , $ 7 5 0 ,0 0 0 ............................. 6 J - D
7 5 0 .0 0 0 J u n e 3 0 ’0 9 , 3%
1 st
m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 ,1 1 9 0 3 5 g A -O
2 ,0 0 0 ,0 0 0
A p r il 1 193 3
g o ld ( $ 1 ,0 0 0 ) ------------------- c*( I n t e r e s t a t C o m . G e r m a n ia T r u s t & S a v in g s
.
I B a n k , N e w O r le a n s , T r u s ., o r f is c . a g t s . .N .Y .
R e f u n d in g a n d e x t e n s io n m t g l 1 9 0 8
6 g A -O
3 6 5 ,0 0 0 A p r il 1 193 8
$ 5 ,0 0 0 ,0 0 0 ( $ 5 0 0 a n d $ l , - ) I n t . a t B a n k o f C o m m e r c e & T r u s t C o ., M em
0 0 0 ) g o l d .............. ..................c*J p h is , T r u s ., or
C o m p a n y ’s o f fic e In N . Y .
B o n d s .— F ir s t m o r tg a g e b o n d s a r e s u b j e c t to ca ll o n 6 0 d a y s ' n o t ic e on
a n y i n t e r e s t p e r io d a t 1 0 7 1$. S in k , fu n d o f u o f i«r, o f o u t s t a n d in g b o n d s
1 9 0 8 t o 19 1 7 ; 1% t h e r e a f t e r .
$ 1 0 ,0 0 0 a r e h e ld b y s in k in g f u n d .
The
r e f u n d in g a n d e x t e n s io n b o n d s c a n n o t b e c a lle d ; $ 2 ,0 0 0 ,0 0 0 a r e r e se r v e d to
r e tir e fir st 5 s , $ 1 3 5 ,0 0 0 a d d it io n a l m a y b e Issu ed a t o n c e , a n d r e m a in d e r fo r
8 0 % o f c o s t o f a d d it io n a l p r o p e r ty It n e t e a r n in g s fo r 12 m o n th s p r e v io u s
h a v e b e e n t w ic e t h e a n n u a l I n te r e s t c h a r g e s o n o u t s t a n d in g b o n d s , I n c lu d in g
t h o s e t o b e I s su e d .
A s in k in g fu n d o f A o f 1% o n o u t s t a n d in g b o n d s c o m
m e n c in g A u g . 1 1 9 1 3 Is t o b e I n v e s te d In t h e s e b o n d s a t n o t h ig h e r t h a n a
4 A % b a s is , b o n d s to b e k e p t a l iv e In f u n d . T h e fir st $ 5 0 0 ,0 0 0 a r e t o b e
I ssu ed a s 6s; r a te o n s u b s e q u e n t b o n d s t o b e a t d is c r e t io n o f b o a r d o f d ir e c
t o r s a t n o t e x c e e d in g 6 % . S e e fu ll p a r t ic u la r s r e g a r d in g b o n d s , p r o p -
eXiD iv id e n d ^.— O n pref'., 6% p e r a n n u m p a id u p t o a n d I n c lu d in g J u n e 1 9 0 9 .
O n c o m ., 1 9 0 6 , 2 % ; 1 9 0 7 , 4 % ; 1 9 0 8 , 4 A % \ 1 9 0 9 , J u n e , 2 A % a n d 1 )4 %
e x tr a .
E A R N I N G S .— F o r c a le n d a r y e a r s:
„
,
Y ear—
G ro ss.
N e t.
I n t e r e s t . ------------- D iv id e n d s —— — — S u r p lu s .
1 9 0 8 . . . $ 6 7 0 , 8 9 7 $ 3 3 1 ,6 6 3 * $ 1 2 1 ,6 7 7 p r e f. $ 4 5 ,0 0 0 ; c o m . $ 6 7 ,5 0 0 $ 9 7 ,4 8 6
1 9 0 7 . . . 6 4 2 ,0 1 1
3 1 1 ,8 4 1
1 0 1 ,3 6 7 p r e f. 4 5 ,0 0 0 : c o m . 6 0 ,0 0 0
1 0 5 ,4 7 4
1 9 0 6 . . . 5 3 5 ,4 9 8 2 3 6 ,5 9 1
0 7 ,7 2 4 p r e f. 4 5 ,0 0 0 : c o m . 6 0 ,0 0 0
3 3 ,8 6 7
* I n c lu d e s $ 1 0 ,0 0 0 s in k in g fu n d c h a r g e In 1 9 0 8 .
R O A D .— O p e r a te s 3 2 m ile s o f t r a c k , In c lu d in g 10 m ile s o f d o u b le t r a c k .
R a lls . 6 5 - lb . a n d o v e r .
41 o p e n , 3 9 c lo s e d a n d 7 s e m i-c o n v e r t ib le c a r s;
to ta l, 8 7 .
„
O F F I C E R S .— P r e s ., W . M . K a v a n a u g h ; V . - P ., O sc a r D a v is ; S e c ., G e o .
B . R o s e : T r e a s . a n d G en . M g r ., D . A . H e g a r t y : A u d ., W . J . T h a r p .— V . 8 3 .
p . 3 8; V . 8 6 , p . 9 1 8 ; V . 8 7 , p . 4 1 4 , 1 664; V . 8 8 , p . 1 6 2 0 .
LONG BRANCH , N. J.
MONMOUTH COUNTY ELECTRIC CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d A p r . 1 190 1 a s a r e o r g a n iz a t io n o f
t h e A t l a n t i c H ig h la n d s R e d B a n k & L o n g B r a n c h E le c tr ic R y .
I n A p r il
1 9 0 3 w a s g r a n t e d a 4 5 - y e a r f r a n c h is e t o o p e r a te In L o n g R r a n c h , In c o n
s id e r a t io n o f w h ic h t h e t o w n Is t o r e c e iv e )4 o f 1 % o f g r o s s r e c e ip t s .
STO C K A N D B O N D S —
D a te .
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 5 0 0 ,0 0 0 ( $ 5 0 ) .
$ 3 2 5 ,0 0 9 - - - - - - - - -
1 s t m o r t ., $ 5 0 0 ,0 0 0 .....($ 1 0 0 ) 190 1
4 g J - J ..................5 0 U.0 0 0 A p r. 1 1051
a n d $ 1 ,0 0 0 ) g o l d .............. c * J I n t . a t H a m . T r u s t C o ., B t o o k l y n , T r u s t e e .
O th e r d e b t s D e c . 31 1 9 0 8 ................................. .....................
9 6 ,4 4 2
-------- -R O A D .— R e d B a n k t o L o n g B r a n c h , 6 )4 m ile s a n d 2 d t r a c k , 2 A m ile s;
R e d B a n k t o E a s t O c e a n ic , 5 m ile s; In L o n g B r a n c h , 3 m ile s; In R e d
B a n k , 1 A m ile s; t o t a l , 1 8 t $ m ile s .
,
.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , p a s s e n g e r e a r n in g s , $ 8 5 ,9 8 6 : n e t
r e c e i p t s , $ 2 2 ,4 4 5 ; o t h e r I n c o m e , $ 2 ,2 8 8 ; fix e d c h a r g e s , $ 2 5 ,1 3 7 ; d e f .. $ 4 0 4 .
O F F I C E R S .— P r e s ., W illia m F . H o g a n , B r o o k ly n .— V . 7 2 , p . 8 6 , 3 9 1 .
LONG IS L A N D C IT Y , N. Y .
LONG ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
O R G A N I Z A T I O N .— E n tir e s t o c k Is o w n e d b y t h e L i n g I s la n d R R .
In
c o r p o r a te d In N e w Y o r k a n d h o ld s m a jo r ity o f s t o c k o f t h e H u n t in g t o n R R .
a n d e n t ir e s t o c k o f t h e O c e a n E le c tr ic R y . , t h e N o r t h p o r t T r a c t io n C o ., t h e
N a s s a u C o u n ty R y . , t h e G le n C o v e R R . a n d t h e J a m a ic a & S o u t h S h o r e
R R . A ls o o w n s o n e - h a lf t h e s t o c k ( th e I n t e r b o r o u g h R a p id T r a n s it C o .
o w n in g t h e o t h e r h a lf) a n d b o n d s o f t n e N , Y . & L o n g I s la n d T r a c t io n a n d
t h e L o n g I s la n d E le c tr ic R y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 5 ,0 0 9 .............. ...............
A ll o w n e d b y L o n g I s la n d R R .
C o ll. t r . b o n d s . $ 1 0 ,0 0 0 ,0 0 0 1
1905
1 )4 g N o n e .
1945
g o ld , g u a r ....................................J U . S . M tg e . & T r u s t C o .. N . Y . . T r u s t e e .
B o n d s .— A r e g u a r ., p r in c ip a l a n d I n t e r e s t , b y L o n g I s la n d R R .
O F F I C E R S .— P r e s ., R a lp h P e te r s ; V . - P . , 0 L . A d d is o n ; S e o . a n d T r e a s .,
F r a n k E . H a lf , N e w Y o r k .— V . 8 3 , p . 8 0 0 .
(1) Huntington RR.
O R G A N I Z A T I O N .— C h a r te r e d In 1 8 9 0 .
M a jo r ity o f t h e s t o c k Is o w n e d
b y L o n g I s la n d C o n s o lid a te d E le c tr ic a l C o m p a n ie s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 3 0 ,0 0 0 ________________ ______
___________
$ 3 0 ,0 0 0 ------------------F ir s t
m o rtg a g e ,
$ 3 0 ,0 0 0 / 1 8 9 0
5 J -D
2 6 ,0 0 0 J u n e 1 1 9 2 0
($ 5 0 0 ) ____________________ c | I n t . a t U . S . M tg e . & T r . C o ., N . Y . , T r u s t e e .
R O A D .— O w n s a n d o p e r a t e s a c r o s s - is la n d lin e fr o m H u n t in g t o n to
A m i t y v i ll e , v i a F a r m in g d a le , 18 'A m ile s .
O p e n e d fo r t r a f f ic A u g . 2 5 1 9 0 9 .
V . 8 9 , p . 593.
(2) Long Island Electric Ry.—A trolley road.
I n J a n . 1 9 0 6 c o n t r o l p a s s e d t o t h e I n t e r b o r o u g h R a n ld T r a n s it C o .
a n d th e L o n g I s la n d C o n s o lid a te d E le c tr ic a l C o m p a n ie s , e a c h o w n in g o n e h a lf t h e s t o c k a n d b o n d s,
O R G A N I Z A T I O N .— C h a rte r e d M a r ch 13 1 8 9 7 a s N e w Y o r k A N o r t h
S h o r e R y . O n O c t . 11 1 8 9 9 w a s c o n s o lid a t e d w it h t h e fo rm e r L o n g I s la n d
E le c tr ic R y . , n e w c o m p a n y h a v in g $ 2 1 0 0 ,0 0 0 c a p it a l s t o c k aD d $ 2 ,1 0 0 ,0 0 0
b o n d s . O n M a y 7 1 9 0 2 t h e lin e s n o i t h o f J a m a ic a w e r e s o ld u n d er f o r e
c lo s u r e t o t h e Q u e e n s R y . C o ., w h ic h c o m p a n y w a s t h e n m e r g e d In t h e
N e w Y o r k & Q u e e n s C o u n ty R y .
O n A u g . 28 1 9 0 3 o ld n a m e o f “ L o n g
I s la n d E le c tr ic R y . ” w a s r e s u m e d .
I n A u g . 1 9 0 9 s t o c k w a s r e d u c e d fr o m
$ 2 ,1 0 0 ,0 0 0 t o $ 6 0 0 ,0 0 0 b y c a n c e lla tio n o f $ 1 ,5 0 0 ,0 0 0 s t o c k o r ig in a lly I ssu ed
t o r e p r e s e n t t h e p ie c e o f r o a d w h ic h s u b s e q u e n t ly b e c a m e t h e Q u e e n s R y .
a n d n o w fo r m s p a r t o f t h e N e w Y o r k & Q u e e n s C o u n ty R y . V . 8 9 ,p .4 2 , 5 9 3 .
R ig h t to C a rry E x p re ss M a tte r .— la O c to b e r 1 8 9 9 t h e A p p e lla t e D iv is io n
o f t h e S u p r e m e C o u rt u p h e ld t h e r ig h t o f t h e L o n g I s la n d E le c tr ic u n d e r t h e
G e n e r a l R a ilr o a d la w t o ru n c a r s c a r r y in g e x p r e s s m a t t e r .
V . 69, p. 744.
D e c isio n w a s a ffir m e d b y C o u rt o f A p p e a ls In J u n e 1 9 0 0 . V . 7 0 , 1 2 4 9 .
STO C K A N D B O N D S —
D ate. In te re st. O u tsta n d in g .
M a tu r ity .
........... ..........
S t o c k , $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) .............................................................. $ 6 0 0 ,0 0 0
L . I . E l. 1 s t M ., $ 6 0 0 ,0 0 0 ) 1 8 9 5
5 g J -D
6UO.OOO J u n e 1 1 925
f $ l, 0 0 0 ) ____________ . . . c * j T n t . a t H a m ilt o n T r . C o . ,B r o o k l y n , T r u s t e e .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 6 8 ,6 7 5 ; n e t ,
$ 2 4 ,5 9 9 ; o t h e r I n c o m e , $ 1 9 ,7 3 0 ; c h a r g e s , $ 4 2 ,1 4 2 ; s u r p lu s , $ 2 ,1 8 7 .
R O A D .— C o m p r ise s 2 6 .5 4 m ile s o f t r a c k o n 1 7 .3 4 m ile s o f r o a d fro m
C r e s c e n t A v e n u e , B r o o k ly n ( a t t h e t e r m in u s o f t h e K in g s C o u n ty E l e v a t e d ) ,
t o J a m a ic a , H o llis a n d Q u e e n s , a n d fr o m J a m a ic a to F a r R o c k a w a y .
37
p a s s e n g e r c a r s a n d 5 o t h e r s .— V . 8 3 , p . 8 1 8 ; V . 8 8 , p . 101; V . 8 9 , p . 4 2 , o 9 3 .
(3) New York & l ong Island Traction.—A trolley r ad.
O n J u n e 2 0 1 0 0 5 c o n t r o l w a s p u r c h a s e d J o in tly b y t h e I n te r lm r o u g h
R a p id T r a n s it C o . a n d t h e L o n g I s la n d C o n so l. E le c . C o s.
V. 80, p. 2622.
T h e I n t e r b o r o u g h a ls o c o n t r o ls t h e N e w Y o r k & Q u e e n s C o u n t y R y .
In
O c t . 1 9 0 6 t h e R R . C o m m is s io n e r s a u t h o r iz e d $ 6 0 0 ,0 0 0 n e w s t o c k , t o b e
Issu ed fo r t h e s to c k o f t h e L o n g I s la n d E le c . R y . (s e e V . 8 3 , p . 8 1 8 ) , b u t
I t Is n o t d e e m e d p r o b a b le t h a t e x c h a n g e w ill b e m a d e .
O R G A N I Z A T I O N .— T h is w a s f o r m e r ly t h e M ln e o ta H em pstcn .< l A Free*
p o r t T r a c tio n (In c o r p o r a te d o n F e b . 27 1 8 9 9 ) , b u t n a m e c h a n g e d a s a b o v e
o n S e p t . 22 1 9 0 2 , a n d s to c k In c r e a s e d fro m $ 1 2 5 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g . L a s t D I t .
C o m m o n , $ 7 5 0 ,0 6 0 ($ 5 0 ) .......................................................
$ 7 5 0 ,0 0 0
------P r e f ., 5 % c u m ., $ 2 5 0 ,0 0 0 ( $ 5 0 : .........................................
250 00 0 N o .d v . y e t
I 1 0 0 2 4 A g M -N
1 ,0 0 0 ,0 0 0 N o v . 1 1 9 4 2
1 s t m t g e . , $ 1 ,0 0 0 ,0 0 0 , g o ld !
I n t . a t C itiz e n s S a v . A T r . C o ., C le v e ( $ 1 ,0 0 0 ) c . & r ...................
H and, tr u ste e , or a t 1st N a t. B a n k N . Y .
B o n d s . — A r e s u b j e c t t o c a ll a t 1 0 7 a t 3 0 d a y s ’ n o t ic e , b u t n o s in k . f u n d .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 3 2 0 ,3 1 3 ; n e t ,
$ 1 0 6 ,2 4 0 ; fix e d c h a r g e s , $ 7 8 ,4 2 0 ; s u r p lu s , $ 3 7 ,8 2 0 .
R O A D .— O p e r a te s a n e le c t r ic lin e c o n n e c tin g M ln c o la , H e m p s t e a d a n d
F r e e p o r t, 7 .8 4 m ile s . A ls o o p e r a te s lin e fro m H e m p s t e a d w e s t 5 .5 8
m ile s to Q u e e n s, w h e r e c o n n e c tio n Is m a d e w it h t h e t r a c k s o f t h e L o n g
I s la n d E le c tr ic R y . C o . A ls o a lin e 1 6 .4 2 m ile s lo n g fro m F r e e p o r t w e s t e r ly
v ia R o c k v ille C e n tr e . L y n b r o o k a n d V a lle y S t r e a m , to a c o n n e c tio n w it h t h e
K in g s C o u n ty E le v a te d R y . a t B r o o k ly n .
A ls o a lin e fro m Q u e e n s t o
M ln eo la v i a J e r ic h o T u r n p ik e , 6 .4 5 m ile s . T o t a l , 3 6 .2 9 m ile s . T o t a l ,
I n c l. s e c o n d tr a c k , 4 0 .6 5 m ile s . 3 0 p a s s e n g e r a n d 6 o t h e r c a r s.
O F F I C E R S .— P r e s ., C . L . A d d is o n , L o n g I s la n d C ity ; V . - P ., W . O .
W o o d ; S e c . a n d T r e a s ., F r a n k E . H a ll , 128 B ’w a y , N . Y .; G e n . M g r ..
W . O . W o o d .— V . 8 3 , p . 8 1 8 ; V . 8 4 . p 8 6 8 ; V . 8 8 , p . 1 0 1 .
NEW YORK & QUEENS COUNTY~RY.
E n tir e c a p ita l s t o c k Is o w n e d b y t h e I n te r b o r o u g h R a p id T r a n s it C o .,
w h ic h a ls o o w n s o n e - h a lf o f t h e s t o c k o f t h e L o n g I s la n d E le c tr ic R y . a n d
t h e N e w Y o rk & L o n g I s la n d T r a c t io n .
.
,
_
O R G A N I Z A T I O N .— I n c o r p o r a te d J u n e 2 9 1 8 0 0 a n d r e o r g a n iz e d o n J u n e
30 1 899.
P u r c h a s e d t h e v a r io u s lin e s o f r a ilr o a d In L o n g I s la n d C ity k n o w n
a s t h e N e w to w n R y . C o ., t h e R lk e r A v c . A S a n fo r d s P o in t R R . , t h e S t e in
w a y R a ilw a y t h e L o n g I s la n d C ity & N e w t o w n R y . a n d t h e F lu s h in g A
■College P o in t R y .
I n M a y 1 9 0 2 t h e Q u e e n s R y . w a s c o n s o lid a t e d w it h It,
a n d th e r e u p o n In c r e a se d Its s t o c k fr o m 5 2 ,5 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0
The
Q u e e n s R y . s u c c e e d e d t o t h e p r o p e r ty s o ld a t fo r e c lo su r e o f t h e N e w Y o rk
& N o r t h S h o r e R y . , c o m p r is in g a lin e o f 6 m ile s from F lu s h in g to J a m a ic a ,
w it h f r a n c h is e s fo r lin e s b e t w e e n F lu s ln g a n d C o lle g e P o i n t , F lu s h in g a n d
B a y s ld e a n d M a n h a s s e t.
V . 74 , p . 1197.
In S e p t . 1 9 0 0 t h e R a ilr o a d
C o m m is s io n e r s g r a n t e d p e r m is s io n t o m a k e a n e w m o r t g a g e fo r $ 1 0 ,0 0 0 ,0 0 0
t o p r o v id e fo r r e fu n d in g , & c.
V . 8 2 , p . 1439; V . 8 3 , p. 752.
T h e n e w Q u e e n sb o r o B r id g e a c r o s s B la c k w e ll's I s la n d w a s o p e n e d In
1909.
O n S e p t . 19 1 9 0 9 t h e C it y o f N e w Y o r k ’s m u n ic ip a l t r o lle y a c r o ss
t h e b r id g e b e g a n o p e r a t io n . T h e r o u n d tr ip f a r e is 5 c e n t s .
I n O c t. 1909
N e w Y o r k & Q u e e n s C o u n ty R y . g o t a t e m p o r a r y p e r m it to run ca r s o v e r
t h e b r id g e u n t il a p e r m a n e n t f r a n c h is e Is g r a n tee !. T h r o u g h p a s s e n g e r s
o n l y a r e t o b e c a r r ie d a c r o s s t h e b r id g e a n d n o e x t r a f a r e is to b e c h a r g e d .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................... ..........
$ 3 ,2 3 5 ,0 0 0 .........................
F l u s h in g & C o lle g e P o in t f ir s t) 1 8 9 5
5 g J -D
5 0 ,0 0 0
1925
m o r t g a g e , $ 5 0 ,0 0 0 , g o l d - . . / N e w Y o r k T r u s t C o ., T r u s t e e .
N e w t o w n R y first m o r t g a g e ,) 1 8 9 4
5 g J -D
1 5 0 ,0 0 0 D e c 1 1 9 2 4
$ 1 5 0 ,0 0 0 g o l d _____________ /N e w Y o r k T r u s t C o ., T r u s t e e .
S t e in w a y R y first m o r t g a g e ) 1 8 9 2
0 g J -.f
1 ,5 0 0 ,0 0 0 J u l y 1 1 9 2 2
$ 1 , 5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld .c * j l n t . a t M o r to n T r u s t C o ., N . Y . C it y , T r u s t e e .
N e w Y o r k & Q u e e n s C o u n ty 1 1 8 9 0
4 g A -O
1 ,3 0 0 ,0 0 0 O ct
1 1946
fir st c o n s o l m t g , $ 3 ,i 0 0 , 0 0 0 /M e r c a n tile T r u s t C o ., N e w Y o r k , T r u s t e e .
g o ld , $ 1 ,0 0 0 e a c h _________ J I n t e r e s t a t o f fic e o f c o m p a n y . N e w Y o r k .
F ir s t & r e fu n d in g m tg e , $ 1 0 ,-1 1 9 0 6
4 g M -N
See te x t
N o v 1 19 3 6
0 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) - - C * /W in d s o r T r u s t C o ., N e w Y o r k , T r u s t e e .
C u r r e n t l ia b ilit ie s , m a tu r e d a n d u n m a t ., J u ly 1 1 9 0 9 - 2 ,4 5 0 ,3 7 6
__________
O f t h e n e w $ 1 0 ,0 0 0 ,0 0 0 m t g e . , $ 2 ,0 8 6 ,8 2 7 a r c d e p o s it e d a s c o lla t e r a l fo r
lo a n s fr o m I n t e r b o r o u g h R a p . T r a n s it a n d $ 3 ,0 6 5 ,0 0 0 a r e r e s e r v e d fo r
p r io r l ie n s . N o s in k in g fu n d a n d b o n d s a r e n o t s u b j e c t to c a ll.
U n d er th e
N . Y . & Q u e e n s C o. 1 s t c o n s . M . t h e r e w e r e o r ig in a lly $ 2 ,5 0 0 ,0 0 0 b o n d s o u t
s t a n d in g , b u t t h e c o m p a n y , h a v in g d e f a u lt e d In p a y m e n t o f l n t . , r e o r g a n iz a
t io n w a s m a d e , u n d e r w h ic h t h e h o ld e r s s u r r e n d e r e d $ 1 ,2 0 0 ,0 0 0 ; In ter e st
w a s r e d u c e d to 4% a n d t h e M e r c a n tile T r u s t C o ., N . Y . , w a s m a d e t h e n ew
tr u ste e .
T h e s a id b o n d s a r e r e d e e m a b le a t 1 0 5 a n d I n t e r e s t . V . 6 9 , p . 9 0 6
R O A D .— T h e s y s t e m , w i t h t h e Q u e e n s R a i l w a y , e m b r a c e s 7 4 .4 7 m ile s o f
t r o l l e y t r a c k ,I n c lu d in g m a in l i n e , 4 0 .2 4 m ile s; s e c o n d t r a c k . 2 8 .9 6 ; s id in g s ,
5 .2 7 .
R a lls 77 t o 107 l b s ., s ta n d a r d g a u g e ; 2 2 7 c lo s e d a n d o p e n ca rs; 32
o th e r ca rs.
R E P O R T . — F o r fisc a l y e a r s e n d in g J u n e 3 0 :
G ross.
N e t.
O ther In c . I n t . & T a x e s.
1 9 0 8 - 0 9 ______ $ 9 3 8 ,8 1 4
$ 1 6 0 ,3 5 7
$ 9 ,4 3 4
1 9 0 7 -0 8 ____ 9 3 5 ,0 0 0
1 2 5 ,1 8 5
9 ,8 5 6
1 9 0 6 - 0 7 ____ 8 9 2 ,4 6 7
1 5 1 ,5 6 0
2 0 ,7 4 5
O F F I C E R S .— P r e s ., W . O . W o o d ; S e c ., I I . M .
C a m p b e ll.— V . 8 3 , p . 75 2 ; V . 8 4 , p . 8 0 4 ; V . 8 6 , p .
D ific it
$ 3 2 3 ,9 5 0 d c f .$ 1 5 4 ,1 5 9
2 5 4 ,1 3 8 d c f .1 1 9 .0 9 7
2 0 4 ,5 7 3
d e f . 3 2 ,2 6 8
F ish e r ; T r e a s ., J . H .
54 8 ; V . 8 8 , p . 3 7 5 .
LOS A N G E L E S , OAL.
PACIFIC ELECTRIC RY.— A t r o lle y r o a d . — (S ee M a p on page
6 1 .)
T h e S o u t h e r n P a c ific C o m p a n y o w n s $ 1 0 ,0 0 0 ,0 0 0 o f t h e S 2 0 ,0 0 0 ,0 0 0
■ tn c k . S e e V . 8 0 , p . 6 5 1 , fo r Ite m c o n c e r n in g p u r c h a s e o f m in o r ity I n te r e s t.
O R G A N I Z A T I O N .— T h is c o m p a n y w a s I n c o r p o r a te d u n d e r t h e la w s o f
C a lifo r n ia In 1 9 0 1 , a n d Is a c o n s o lid a t io n o f t h e L o s A n g e le s & P a s a d e n a
E le c tr ic R y . , P a s a d e n a & M o u n t L o w e R y . , P a c fllc E le c tr ic o f A r iz o n a , t h e
E a s t N in t h S t . R y . , t h e T e m p le S t . C a b le R y . a n d t h e B r o o k ly n A v e . R y . ,
c o m p r is in g n e a r ly a ll t h e I n te r u r b a n lin e s In a n d a r o u n d L o s A n g e le s .
O w n s a ll t h e s to c k o f L o s A n g e le s I n te r u r b a n R y . , w h ic h c o m p a n y It a lso
o p e r a t e s u n d e r le a s e d a t e d J u l y 1 1 9 0 8 .
ST O C K A N D B O N D S—
D ate. In te re st.
O u tsta n d in g . M a tu r ity
S t o c k , $ 2 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................
$ 2 0 ,0 0 0 ,0 0 0 ......... .............
C o n s o l, m t g e ., $ 1 0 ,0 9 0 ,0 0 0 ,1 1 9 0 2
5 g J -J
8 , 4 9 4 ,0 0 0 J a n . 1 1 9 4 2
g o ld ( $ 1 ,0 0 0 ) ......................... c . j i c t . a t U n io n T r . C o ., S a n F r a n ., T r u s t e e .
L o s . A n g . & P a s . M ., $ 1 ,0 0 0 ,-1
U 00, g o l d , g u a r . f $ l . 0 0 0 ) c * / 1 8 9 8
5 g J -J
1 ,0 0 0 ,0 0 0 J a n . 1 1 9 2 8
C a n b e c a lle d a f t e r J a n . 1 / I n t . a t 111. T r . & S a v . B k ., C h ic ., T r u s t e e ,
1908 a t
105.
j
o r a t C h a se N a t . B a n k , N e w Y o r k .
P a s . & M t. L . m o r t . $ 5 0 0 ,-1
0 0 0 , g o ld ( $ 1 ,0 0 0 ) _______c * / 1 9 0 0
4 g J -D
5 0 0 ,0 0 0 J u n e 1 1 0 3 0
C a n b e c a lle d a f te r 1 0 1 0 a t |I n t e r e s t a t U n io n T r u s t C o ., S a n F r a n c is c o ,
1 0 4 a n d I n te r e s t.
/
T r u ste e.
B o n d s . — A s u f f ic ie n t a m o u n t o f t h e $ 1 0 ,0 0 0 ,0 0 0 c o n s o ls Is r e se r v e d to
retire prl >r Iss e s . S in k in g F u n d Is $ 5 ,0 0 0 per a n n u m , c o m m e n c in g J a n . 1
1 9 0 7 , fo r 5 y e a r s; t h e n $ 1 0 ,0 0 0 p e r a n n u m to J a n . 1 1 9 17; $ 1 5 ,0 0 0 p e r a n
n u m t o J a n . 1 1 9 2 2 ; $ 2 0 ,0 0 0 p e r a n n u m to J a n . I 1 9 2 7 ; $ 2 5 ,0 0 0 p e r 'a n n u m
to J a n . 1 1 9 3 2 , $ 3 0 ,0 0 0 per a n n u m to J a n . 1 1937 a n d $ 3 5 ,0 0 0 a n n u a lly
thereafter, sa id s in k in g fu n d t o b e u se d In t h e p u r c h a s e o f th e b o n d s , b u t
fu n d m a y b e I n v e s te d In o t h e r s e c u r it ie s If b o n d s c a n n o t b e o b t a in e d a t p a r
The b o n d s o f t h e L os A n g e le s & P a s a d e n a b e a r t h e g u a r a n ty o f th e L os
A n g e le s Rjr. b y e n d o r s e m e n t . A s in k in g fu n d o f $ 1 0 ,5 0 0 per y e a r o n th o s e
b o n d s b e g in s D e o . 1 1 0 0 8 , a n d b o n d s m a y b e c a lle d a t 1 0 5 on a n y In te r e s t
d a t e a f te r J a n . 1 1 9 0 3 . T h e b o n d s o f t h e P a s a d e n a ft, M t. L o w e a r c g u a r
a n t e e d p r in c ip a l a n d I n t e r e s t , b y b o th t h e I ,o s A n g e le s R y . a n d t h e L o s
A n g e le s & P a s a d e n a E le c tr ic R y .
A s in k in g fu n d fo r t h o s e b o n d s c o m
m e n c e s a f t e r 10 y e a r s fro m d a t e o f b o n d s o f $ 5 ,0 0 0 p e r a n n u m fo r fir s t 5
y e a r s , $ 7 ,5 0 0 p e r a n n u m for s e c o n d 5 y e a r s , $ 1 0 ,0 0 0 p e r a n n u m fo r n e x t 6
y e a r s a n d $ 1 2 ,4 0 0 per a n n u m fo r r e m a in in g 5 y e a r s . T h e s e b o n d s m a y be
c a lle d a f te r 10 y e a r s o n a n y I n te r e s t d a t e u p o n 4 w e e k s ’ n o t ic e a t 1 0 4 a n d
In terest.
R O A D .— T h e P a c ific E l e c tr ic R y . In S e p t . 1 9 0 9 w a s o p e r a tin g (In c lu d in g
le a s e d lin e s ) 5 6 9 .7 0 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., H . E . H u n t in g t o n : V . - P . , W . F . H er r in ; S e c . a n d
A u d ., A . D . M c D o n a ld ; T r e a s ., I . W . H e ilm a n ; G en . M g r ., J . M c M illa n .—
V . 8 0 , p . 65 1 ; V . 8 4 , p . 1 24 8 ; V . 8 7 . p . 9 3 6 .
(1) L o s A n g e le s I n te r u r b a n R y . — (See M a p on page 6 1 .)
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia o n J u n e 8 1 9 0 3 a n d Is a
c o n s o lid a t io n o f t h e L o s A n g e le s T r a c t io n C o ., t h e L o s A n g e le s & G le n d a le
R y . a n d t h e C a lifo r n ia P a c . R y .
T h e R iv e r s id e & A r lin g to n R y . , th e
S a n t a A n a & O ra n g e M o to r R y . a n d t h e S a n G a b r ie l R a p id T r . R y . h a v e
a ls o b e e n a c q u ir e d . S t o c k Is a ll o w n e d b y P a c ific E le c tr ic R y . , w h ic h
l a t t e r c o m p a n y a ls o o p e r a te s t h e p r o p e r ty u n d e r le a s e o f J u ly 1 1 0 0 8 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 1 0 ,0 0 0 ,0 0 0 .........................
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................... ..........
N e w m t g e , $ 1 0 ,0 0 0 ,0 0 0 , g o l d ) 1 9 0 3
5 g A -O
9 ,0 2 0 .0 0 0
1043
( $ 1 ,0 0 0 ) , g u a r _________ c & r / I n t . a t U n io n T r . C o ., S a n F r a n ., T r u s t e e .
L o s A n g e le s T r a c , 1 s t m t g e . ) 1 8 9 5
6 g M -N
2 5 0 ,0 0 0
M ay 1915
$ 2 5 0 ,0 0 0 , g o ld ( 5 1 ,0 0 0 ) ___ / S t . L o u is U n io n T r . C o ., S t . L o u is , T r u s t e e .
L o s A n g e le s T r a c 1 st c o n M ,\ 1 8 9 8
5 g J -D
2 5 0 ,0 0 0 D e c 1 1 9 3 8
g o ld . $ 2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) — / S t . L o u is U n io n T r . C o ., S t . L o u is , T r u s t e e .
I n t e r e s t o n b o t h a b o v e m o r t g a g e s p tM a t C h a se N a t . B a n k . N e w Y o r k .
C al P a c ific R y 1 s t m t g e , g o l d ) 1901
5 g J -J
4 8 0 .0 0 0 J u ly 1 1 9 4 1
( $ 1 ,0 0 0 ) , g u a r -------------------c /T I t l e I n s . & T r u s t C o ., L o s A n g e le s , T r u s t e e .
B o n d s . — O f t h e C a lifo r n ia P a c ific R y . n o s t a t e d a m o u n t a u t h o r iz e d , b u t
Is lim it e d t o $ 2 0 ,0 0 0 p er m ile o f c o m p le t e d t r a c k . N o s in k in g fu n d o n
th ese
b o n d s , a n d b o n d s c a n n o t b e c a lle d .
I n t e r e s t Is p a y a b le In N . Y . C ity .
T h e s e b o n d s are g u a r a n t e e d b y t h e L o s A n g e le s T r a c . C o ., b o th p r in c ip a l a n d
I n t. S e e V . 7 5 , p . 7 6 .
A s in k in g fu n d Is p r o v id e d to r t h e n ew 5 1 0 .0 0 0 ,0 0 0
m tg e . a s fo llo w s : 1 9 0 8 t o 1 0 1 2 I n c lu s iv e , $ 5 ,0 0 0 p er a n n u m ; 19 1 3 to 1 9 1 7 ,
n c l u s lv e , $ 1 0 ,0 0 0 p e r a n n u m ; 1 9 1 8 t o 1 9 2 2 , I n c lu s iv e , $ 1 5 ,0 0 0 p er a n n u m ;
1 9 2 3 t o 1 9 2 7 , I n c lu s iv e , $ 2 0 ,0 0 0 p e r a n n u m ; 1 9 2 8 t o 1 9 3 2 , I n c lu s iv e , $ 2 5 ,0 0 0
p e r a n n u m ; 1933 to 1 9 3 7 , I n c lu s iv e , $ 3 0 ,0 0 0 p e r a n n u m , a n d th e r e a f t e r to
m a t u r i t y , $ 3 5 ,0 0 0 per a n n u m . T h e b o n d s a re s u b j e c t t o c a ll fo r th e s in k in g
fu n d a t a p r ice t o b e d e t e r m 'n e d b y t h e d ir e c to r s .
T h ese b on d s are gu ar
a n t e e d a s t o b o t h p r in c ip a l a n d I n te r e s t b y th e P a c ific E le c tr ic R y .
R O A D .— I n S e p t . 1 9 0 9 c o m p r is e d 3 2 7 .0 5 m ile s o f t r a c k . V . 7 9 , p . 6 2 7 ,
2 5 8 8 ; V . 8 0 , p . 65 1 ; V . 8 7 , p . 0 3 6 .
LOS ANGELES RAILWAY.
I s o n e o f t h e H u n t in g t o n p r o p e r tie s . M r. H u n t in g t o n b e in g r e p o r te d t o
b e t h e o w n e r o f 55 % o f t h e s t o c k .
S e e V . 8 0 , p . 6 5 1 . T h e S o u th e r n
P a c ific C o . o w n s 4 5 ? 6 o f t h e s t o c k .
O R G A N I Z A T I O N .— S u c c e s s o r b y c o n s o lid a t io n S e p t . 29 18 9 8 o f L o s
A n g e le s R y . a n d M ain S t . ft A g r ic u lt u r a l P a r k R R . a n d b y p u r c h a s e o f t h e
M a te o S t r e e t U R . a n d S a n P e d r o S t r e e t R R .
V. 63, p. 85.
O w ns $ 5 ,0 5 0 ,
0 0 0 o f t h e $ 1 0 .0 9 0 .0 0 0 s t o c k o f t h e P a c ific L ig h t fc P o w e r C o . o f L o s A n g e le s .
STOCK A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 5 ,0 0 0 ,0 0 0 (p a r , $ 1 0 0 ) .........................................
$ 5 , 0 0 0 ,0 0 0 _____ ______
New m o r t g a g e , $ 3 ,0 0 0 ,0 0 0 , / 1 8 9 8
5 g A -O
5 ,0 0 0 ,0 0 0 O c t 1 19 3 8
g o ld ( $ 1 ,0 0 0 e a c h ) _______ c * ) I n t . a t c o ’s o f f ic e , S a n F r a n c is c o , C a l.
T h e t r u s t e e o f t h e n e w m o r t g a g e o f 18 9 8 Is t h e U n io n T r u s t C o . o f S a n
F r a n c is c o , C a l.
O n 3 0 d a y s ’ n o t ic e I n te r e s t m a y b e m a d e p a y a b le a t the
N a t io n a l C ity B a n k , N e w Y o r k .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s, $ 3 ,5 5 8 ,6 1 1 .
In 1 9 0 7 ,
g r o s s , $ 3 ,5 5 8 ,9 3 8 .
I n 1 9 0 6 , g r o s s , $ 3 ,2 7 6 ,1 3 0 ; n e t , $ 9 4 4 ,2 7 9 .
R O A I ) .— C o m p r ise s 2 1 2 .0 3 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., H . E . H u n t in g t o n ; V . - P . , W . F . H e r r in ; T r e a s .,
I. W . H e ilm a n ; S e c ., C . A . H e n d e r s o n , L o s A n g e le s ; G en . M g r ., H o w a r d
E . H u n t in g t o n , L o s A n g e l e s .— V . 7 8 , p . 2 2 9 ; V . 8 0 , p . 6 5 1 ; V . 8 6 , p . 5 2 ,
1224.
(1) P a c ific L ig h t & P o w e r C o .— A n e le c t r ic c o m p a n y .
O w n s a ll t h e s t o c k o f t h e O n ta r io & S a n A n to n io H e ig h t s R y . , t h e M e n
t o n e P o w e r C o ., t h e R iv e r s id e P o w e r C o . a n d t h e D o m e s t ic G a s C o . o f L o s
A n g e le s .
H a s c o n t r a c t t o p u r c h a s e s t o c k In t h e S ie r r a P o w e r C o ., w h ic h
h a s $ 1 1 ,0 0 0 b o n d s o u t ; t h e M e n to n e P o w e r C o . h a s $ 3 7 ,0 0 0 b o n d s o u t .
O R G A N I Z A T I O N .— I n c o r p o r a te d in C a lifo r n ia o n M arch 6 1 9 0 2 a n d
a b s o r b e d t h e S a n G a b r ie l E le c tr ic C o.
H a s a ls o a b s o r b e d th o S a n B e r
n a r d in o G a s & E le c . C o . $ 5 ,0 5 0 ,0 0 0 o f t h e $ 1 0 ,0 0 0 ,0 0 0 (V . 7 5 , p . 1 1 5 0 )
c a p it a l s t o c k Is o w n e d b y t h e L o s A n g e le s R y . C o . S u p p lie s p o w e r t o th e
L o s A n g e l e s R y . C o ., t h e P a c ific E le c tr ic R y . C o ., t h e L o s A n g e le s I n tc r u r b a n , t h e S a n B e r n a r d in o V a lle y T r a c t io n C o ., t h e L o s A n g e le s & R e d o n d o
R y . C o . a n d t h e R iv e r s id e & A r lin g to n H e ig h t s R R . C o ., a n d d o c s a g e n
e r a l l ig h t in g a n d p o w e r b u s in e s s In L o s A n g e le s a n d v i c i n i t y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g
M a tu r ity .
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ...........................................
$ 1 0 ,0 0 0 ,0 0 0 .........................
F ir st m o r t g a g e $ 1 0 ,0 0 0 ,0 0 0 / 1 9 0 2
5 g J -J
* 8 .8 2 8 ,0 0 0 J u ly 1 1 9 4 2
g o ld ( $ 1 ,0 0 0 ) -------------------c * | l n t . a t U n io n T r u s t C o .. S a n F r a n ., T r u s t e e ,
l or N a t. B k . o f C om m erce, N ow Y o rk .
* $ 2 ,3 5 0 ,0 0 0 o f o u t s t a n d in g b o n d s a re g u a r a n t e e d , p r ln . a n d I n t ., b y
L o s A n g e le s R y .
V . 86, p. 55.
B o n d s . — $ 3 5 9 ,0 0 0 a r e r e s e r v e d to r e tir e a lik e a m o u n t o f b o n d s o f the
S a n G a b r ie l E le c tr ic C o ., $ 6 0 3 ,0 0 0 h a v e b e e n r e tir e d b y s in k in g fu n d a n d
$ 2 1 0 ,0 0 0 r e m a in In t r e a s u r y . O n ly $ 2 ,3 5 0 ,0 0 0 o f t h e b o n d s a r e g u a r a n t e e d
( p . & I.) b y L o s A n g e le s R y . V . 8 6 , p . 1 2 2 7 .
B o n d s c a n n o t b e c a lle d .
A s in k in g fu n d c o m m e n c e d o n J a n . 1 19 0 5 o f 2% o f b o n d s o u t s t a n d in g fo r
fir s t 5 y e a r s a n d o n a n d a f t e r J a n . 1 9 1 0 2.y>% u n t il a n d I n c ld u ln g J a n . I
1 9 4 2 , s a id f u n d t o b e I n v e s te d in t h e b o n d s a t n o t m o r e t h a n 1 1 0 ; otherwlsa
In o t h e r s e c u r i t ie s .
P L A N T .— G e n e r a te s e le c t r i c it y fo r lig h t a n d p o w e r .
P r e s e n t g e n e r a tin g
c a p a c it y . 4 3 .0 0 0 h .- p .
W a te r p o w e r , a ls o s t e a m p l a n t . In L o s A n g e 'e s .
H a s 1 5 ,0 0 0 h .- p . p la n t o n K ern R iv e r , 1 2 5 m ile s fr o m L o s A n g e le s . Two
s e p a r a te tr a n s m is s io n lin e s r u n n in g t h e e n t ir e d is t a n c e a r e u s e d .
H y d r a u lic
p la n ts a t A z u s a , a t S a n A n t o n io , a t M e n to n e a n d a t R iv e r s id e ,
20,000 h.-p.
s t e a m p la n t a t R e d o n d o . V . 8 6 , p . 5 5 .
O F F I C E R S .— P r e s .. W illia m G . K e r c k h o ll; V . - P , H . E . H u n tin g to n * ’
G en . M g r ., A . C . B a lc h .— V . 8 6 . p . 5 5 . 6 7 1 , 1 2 2 7 .
L O S A N G E L E S P A C I F I C C O .— A n e le c t r ic r o a d . T h e H a r r lm a n I n t e r
e s t s a r e In c o n t r o l. V . 8 2 . p . 7 5 1 .
O R G A N I Z A T I O N .— S u c c e s s o r In 1 9 0 5 to t h e L o s A n g e le s P a c ific K a ilroad. w h ic h w a s o r g a n iz e d J u n e 4 1 8 9 8 . In J a n . 1 9 0 4 p u r c h a s e d t h e L e a
A n g e le s O c e a n P a r k & S a n t a M o n ica R R .
V . 78, p. 342.
C o m p a n y a p p e a r s to h e c o n t e m p la t in g t h e m a k in g o f a n e w m t g e . t o
fu r n is h m e a n s fo r f u r th e r im p r o v e m e n ts a n d e x t e n s i o n s a n d to p r o v id e
fo r u l t im a t e r e tir e m e n t o f e x is t in g Is su e s . V . 8 5 , p . 5 3 1 ; V . 8 7 , p . 1 3 5 8 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k . $ 1 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 1 5 ,0 0 0 ,0 0 0 ..........................
L o s A n g e le s P a c ific H it 1 s t f 1 8 9 8
5 J 1 0 -D -1 0
1 0 0 ,0 0 0
1928
m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 , g o ld ) I n t . a t B r o a d w a y B a n k & T r u s t C o ., L e s
( $ 1 , 0 0 0 ) ____________________ I A n g e le s , T r u s t e e ; III. T r . Sc, S a v . B k ..
I C h ic a g o , o r C h a se N a t . B a n k , N e w Y o r k
L o s A n g e le s P a c ific U R f ir s t) 19 0 1
5 A -O
1 ,4 0 0 ,0 0 0 A p r il 1 1931
c o n m t g e , $ 1 ,5 0 0 ,0 0 0 , g o ld / B r o a d w a y B k . & T r . C o ., L o s A n g ., T r u s t e e .
( $ 1 , 0 0 0 ) ____________________ J I n t . a t C r o c k e r N a t . B k ., S a n F r a n c is c o .
L o s A n g e le s P a c ific R R f lr s tl 1 0 0 3
5 g M -S
3 , 2 5 0 ,0 0 0 S e p t 1 1 9 4 3
a n d r e f m t g e , $ 5 , 0 0 0 , 0 0 0 , / I n t . a t L o s A n g e le s T r u s t C o ., T r u s t e e , o r
g o ld ( $ 1 ,0 0 0 ) ---------------------c j
a t U . S . M o r t. & T r u s t C o ., N e w Y o r k .
L o s A n g e le s P a c ific Co g e n l 1 9 0 6
5 g J -J
5 ,0 0 0 ,0 0 0 J a n 2 1 0 4 8
c o n s o l m o r t g a g e $ 1 2 ,5 0 0 ,- / I n t . a t U n io n T r u s t C o ., S a n F r a n ., T r u s t e e ,
o r a t F a r m e r s ’ & M e ch . N a t . B a n k , L o s
0 0 0 , g o ld ( $ 1 ,0 0 0 ) .............. c * (
J A n g e le s , o r C h a se N a t . B a n k , N e w Y o r k .
L o s A n g e le s H e r B fc R e d M ,/ 1 9 0 2
5 g M -N
1 5 0 ,0 0 0
1942
$ 5 0 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 ) — U n t e r e s t a t C ro c k e r N a t . B k ., S a n F r a n c is c o .
B o n d s . — O f t h e $ 5 ,0 0 0 ,0 0 0 1 s t a n d r e f. b o n d s a u t h o r iz e d , e n o u g h a r s
r e se r v e d t o r e tir e p r io r lie n s . A s in k in g fu n d b e g a n In 1 9 0 8 , t o w h ic h $ 5 0 ,
0 0 0 p e r a n n u m Is p a y a b le t h e fir st 5 y e a r s , $ 6 0 ,0 0 0 p e r a n n u m t h e n e x t t
y e a r s , $ 7 0 ,0 0 0 p e r a n n u m t h e n e x t 5 y e a r s , $ 8 0 ,0 0 0 y e a r ly t h e f o llo w in g 5
y e a r s , $ 9 0 ,0 0 0 p e r a n n u m t h e n e x t 5 y e a r s , $ 1 0 0 ,0 0 0 y e a r ly t h e f o llo w in g 5
y e a r s a n d $ 1 5 0 ,0 0 0 p e r a n n u m t h e r e a f t e r . T h e s e b o n d s a r e n o t s u b j e c t t o
c a ll.
O n t h e n e w b o n d s o f 1 9 0 6 t h e f o llo w in g s u m s a r e p a y a b le a n n u a lly
t o a s in k in g fu n d : 1911 to 1 9 1 5 , $ 1 0 ,0 0 0 p e r a n n u m ; 1 9 1 6 t o 1 9 2 0 , $ 1 5 ,0 0 0
per a n n u m ; 19 2 1 t o 1 9 2 5 , $ 4 0 ,0 0 0 a n n u a lly ; 1 9 2 6 to 1 9 3 0 , $ 7 5 ,0 0 0 p e r
a n n u m : 1931 to 1 9 4 4 , $ 8 0 ,0 0 0 a n n u a lly , a n d 1 9 4 5 t o 1 0 4 6 , $ 9 0 ,0 0 0 p e r
annum .
O f t h e $ 1 2 ,5 0 0 ,0 0 0 a u t h o r iz e d , $ 5 ,0 0 0 ,0 0 0 a r e r e s e r v e d fo r p r io r
lie n s a n d $ 5 ,0 0 0 ,0 0 0 fo r o t h e r p u r p o s e s .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 5 , g r o s s , $ 1 ,1 5 4 ,5 1 9 ; n e t , $ 4 1 9 ,3 8 4 .
R O A D .— O w n s fo u r lin e s o f t r o lle y ro a d fro m L o s A n g e le s t o t h e P a c ific
O c e a n , t h e e n t ir e lo c a l s y s t e m o f S a n t a M o n ic a , w it h b r a n c h lin e s fro m
L o s A n g e le s t o H o lly w o o d , C o le g r o v e , W e s t g a t e , R e d o n d o B e a c h , S o ld ie r s
H o m e a n d I n g le w o o d , c o n s t i t u t i n g 6 8 .9 m ile s o f d o u b le tr a c k ; t o t a l m ile a g e ,
1 7 6 m ile s o f s in g le t r a c k . O p e r a te s 2 la r g e p o w e r h o u s e s a t S h e r m a n a n d
V in e y a r d , w it h m a c h in e s h o p s a n d c a r s h o p s a t S h e r m a n .
O F F I C E R S .— P r e s , a n d M g r ., E . P . C la rk ; V . - P . a n d M g r ., M . H . S h e r
m a n ; S e c .. A . I . S m it h ; T r e a s ., M . E . H a m m o n d ; A u d it o r , G . L . B u g b e e l
S u p t . , R . P . S h e r m a n .— V . 8 2 , p . 1 0 0 , 1 6 1 ,7 5 1 ; V . 8 5 , p . 5 3 1 ; V . 8 7 , p . 1 3 5 * .
LOS ANGELES & REDONDO RY.—A trolley road.
I n J u ly 1 9 0 5 H . E . H u n t in g t o n p u r c h a s e d t h e e n t ir e c a p ita l s t o c k .
V . 81 , p . 211.
I N C O R P O R A T I O N .— I n c o r p o r a te d In C a lifo r n ia .
C a p ita l s t o c k was In
c r e a s e d in O c t . 1 9 0 7 fr o m $ 5 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
................. ..
S t o c k , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 5 0 0 ,0 0 0
1 s t m o r t g a g e , $ 5 0 0 ,0 0 0 , g o l d ) 1 9 0 2
5 g J -J 1 5
5 0 0 ,0 0 0 J a n 1 5 1 9 3 2
( $ 1 . 0 0 0 ) ___________ ______ c * J I n t . a t U n io n T r u s t C o .. S a n F r a n . T r u s t e e .
R O A D .— O p e r a te s 8 4 .8 6 m ile s o f t r a c k .
G auge 3 H feet.
O p era ted b y
e le c t r i c it y .
C ars e q u ip p e d w it h 4 m o to r s o f 5 0 h . - p . e a c h . P a s s e n g e r
c a r s , 3 4 ; fr e ig h t a n d m is c e lla n e o u s . 1 0 5 .
O F F I C E R S .— P r e s ., L . T . G a r n sc y ; V . - P . , H . E . H u n t in g t o n ; S e c . Sc
T r e a s ., C. A . H e n d e r s o n ; M g r ., C . H . B u r n e t t .— V . 8 1 , p. 2 1 1 ; V . 87. p. 415
L O U IS V IL L E , K Y .
LOUISVILLE TRACTION CO.—A holding company.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n J u l y 5 1 9 0 3 . a n d h a s
a c q u ir e d p r a c t ic a lly a ll o f t h e s t o c k o f t h e L o u is v ille R y . Co
H o ld e r s o f
c o m m o n s to c k o f L o u is v ille R y . . o n p a y m e n t o f $ 5 5 In c a s h , r e c e iv e d th r e e
s h a r e s o f n e w c o m m o n s to c k In e x c h a n g e fo r e a c h s h a r e o f o ld s to c k h e ld .
H o ld e r s o f t h e o ld p r e fe r r e d s t o c k o f th e L o u is v ille R y . r e c e iv e d s h a r e fo r
s h a r e o f n e w p r e fe r r e d , w it h a b o n u s o f 20 % In c o m m o n
T h e new co m
p a n y p r o v id e d t h e L o u is v ille R y . C o . w it h n e e d e d m o n e y t o b e u s e d fo r
I m p r o v e m e n t s , t h e r a ilw a y c o m p a n y Is su in g $ 1 ,1 0 0 ,0 0 0 c o m m o n s to c k
t h e r e fo r . S e c V . 7 0 , p . 0 6 8 . T h e T r a c tio n C o. In M arch 1 9 0 6 s o ld $ 0 1 2 ,0 0 0
a d d it io n a l s t o c k to s h a r e h o ld e r s a t p a r .
Sec V . 8 2 , p. 692.
In A p r il 1 9 0 7
a u t h o r iz e d c o m m o n s to c k o f t h e T r a c tio n C o . w a s In c r ea se d fro m $ 1 2 ,0 0 0 .
0 0 0 to $ 1 5 ,0 0 0 ,0 0 0 .
V . 84. p. 931.
In A p r il 1 0 0 8 p r e fe r r e d s t o c k w a s
I n c r ea se d fr o m $ 2 ,5 0 0 ,0 0 0 to $ 3 ,5 0 0 ,0 0 0 a n d t h e a d d it io n a l $ 1 ,0 0 0 ,0 0 0
o fie r e d t o s to c k h o ld e r s a t p a r (a ll o f w h ic h w a s t a k e n ) p a y a b le $ 5 0 p e r
s h a r e a t t im e o f s u b s c r ip t io n , $ 2 5 O c t . 1 10 0 8 a n d $ 2 5 J a n . 1 1 0 0 0 .
T h e o ld L o u is v ille R y . C o . w a s In c o r p o r a te d J a n . 22 1 8 6 7 , a n d Is a K e n
t u c k y c o m p a n y , o w n in g a ll t h e s tr e e t r a ilw a y s In t h e c i t y o f L o u is v ille a n d
Its s u b u r b s .
I t h a s $ 5 ,5 0 0 ,0 0 0 c o m m o n s to c k a n d $ 2 ,5 0 0 ,0 0 0 p r e fe r r e d
s t o c k , p r a c tic a lly a ll o w n e d b y t h e L o u is v ille T r a c t io n C o . F r a n c h is e s
are p a r t ly fo r 99 y e a r s a n d p a r t ly p e r p e tu a l.
T h e L o u is v ille fc I n te r u r b a n R y . h a s b e e n o r g a n iz e d In t h e I n te r e s t o f
t h e L o u is v ille R y . t o c o n s tr u c t a s y s te m o f u r b a n a n d In te r u r b a n lin e s .
It
h a s b e e n a u th o r iz e d t o b o r r o w $ 3 ,0 0 0 ,0 0 0 .
U p to l a t e s t d a t e s n o s e c u r it ie s
h a d b e e n Issu e d e x c e p t $ 1 ,5 0 0 ,0 0 0 s to c k to L o u is v ille R y . C o . T h e L o u ls v .
& I n te r u r b a n h a s a ls o a c q u ir e d c o n t r o llin g I n t e r e s t In L o u is v ille Sc E a s t e r n ,
n o w In r e c e iv e r ’s h a n d s — s e e th o la tt e r b e lo w .
ST O C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 5 ,0 0 0 ,0 0 0 ..........................
Q -J
$ 1 1 ,8 8 9 ,7 0 0 O c t . * 0 9 .1 %
P r e f ., 5% c u m ., $ 3 ,5 0 0 ,0 0 0 . - - A -O
3 ,5 0 0 , OOOOct.’O >,2 h %
f 1888
0 M -N
2 ,0 0 0
.........................
C e n tr a l P a s s . R y . M ________ ( I n t e r e s t p a y a b le a t F ir s t N a t . B a n k , L o u ls v .
1
L o u is v ille T r u s t C o ., T r u s t e e .
L o u is v ille R y . C on s. M ., g o ld , I 1 8 9 0
5 g J -J
5 ,9 9 7 ,3 0 0 J u l y 1 1 9 3 0
$ 6 ,0 0 0 ,0 0 0 (lis te d N Y ) c ‘ ( I n t e r e s t p a y a b le b y S c llg m a n & C o ., N . Y .
I F i d e lit y T r u s t C o ., L o u is v ille , T r u s t e e .
L o u is v ille R y 2 d m t g e , $ 2 ,- 1 1 9 0 0 4 M s M -S
2 ,0 0 0 ,0 0 0 M c h . 1 1 9 4 0
0 0 0 ,0 0 0 . g ( $ 1 . 0 0 0 ) .............. l i n t , a t C o lu m b ia T r . C o ., L o u is v ille . T r u s t e e .
B o n d s . — O t t h e s e c o n d m o r tg a g e b o n d s d u e 1 9 4 0 , n o t m o r e t h a n $ 2 0 0 ,0 0 0
c o Id b e is s u e d In a n y o n e y e a r lo r I m p r o v e m e n ts .
V . 7 0 ,p .4 3 0 .4 8 0 ,532.
D iv id e n d s . — O n T r a c t io n p r e t., 5% p e r a n n u m . O n c o m . t h e fir st
s e m i-a n n u a l d iv id e n d , l ' A % , w a s p a id O c t. 1 19 0 4 a n d 1 M % w a s a g a in
p a id A p r il 1 1 9 0 5 .
O n O c t. 1 1 9 0 5 1 <4% a n d H % e x t r a .
In 1 9 0 6 , 4 % .
In 1907. 4 % .
In 1 9 0 8 , J a n . d lv . o m it te d : A p r il. 1 % ; J u l y , 1 % ; O c t . , 1 % .
I n 1 0 0 9 , J a n . , 1% ; A p r ., 1% ; J u l y , 1% ; O c t ., 1 % .
R O A D .— O w n s 145 m ile s o f tr a c k o n 62 m ile s o f s tr e e t ; a ll Is e le c t r ic .
A ffo r d s e n t r a n c e In to L o u is v ille fo r t h e L o u is v ille & E a s t e r n R R . , t h e
L o u is v ille & N o r th e r n R y . & L ig h t in g C o . a n d L o u ls v .H e & S o . I n d .
T r a c t io n C o. T h e L o u is v ille & I u te r u r b a n o p e r a te s 4 5 m . o f t r a c k In
J e ffe r s o n C o u n ty .
R E P O R T .— O f L o u is v ille R a ilw a y C o . fo r fisc a l y e a r s e n d in g D e o . 3 1 .
A n n u a l m e e t in g th ir d w e e k In F e b r u a r y .
Y ea r —
1908.
1907.
I
Y ear—
1908.
1907.
G ross e a r n s . . * $ 2 , 7 5 8 , 5 5 5 a $ 2 ,6 6 8 ,1 4 6 1 D i v i d e n d s ___ $ 6 4 9 ,8 1 7
$ 4 9 6 ,7 3 7
N e t . . . ........... * $ 1 ,0 3 3 ,5 5 2
$ 9 0 0 , 1 9 8 ( B a l ., s u r p l u s .
3 .5 2 5
3 5 ,3 3 4
I n te r e s t p a id .
3 8 0 ,2 1 0
3 6 8 ,1 2 6 1
a T h e r e w e r e t w o s tr ik e s In 1 9 0 7 .
• I n c lu d e s $ 2 7 ,3 3 7 o t h e r I n c o m e In 1 9 0 8 .
O F F I C E R S .— P r e s ., T . J . M ln a ry ; V . - P ., A . P . H u m p h r e y ; S e c . a n d
T r e a s ., S a m u e l G . B o y le . V . 8 6 , p . 1 6 8 , 8 5 7 ; V . 8 7 , p . 54 4 ; V . 8 8 , p . 3 7 5 ,
506, 564. 686, 823.
L O U I S V I L L E & E A S T E R N R R . — A tr o lle y r o a d .
L o u is v ille & I n tc r u r b a n o w n s a ll t h e b o n d s , c o n s tr u c t io n n o t e s , & c .,
a n d a b o u t a ll t h e s t o c k o f t h e c o m p a n y .
R e c e iv e rsh ip .— O n O c t . 2 3 1 9 0 8 H e n r y G lo v e r o f L o u is v ille w a s a p p o in t e d
r e c e iv e r .
V . 88, p . 1160.
F o r t h e p u r p o s e , It Is s u p p o s e d , o f g e t t i n g a
c le a r t i t l e , s u i t h a s b e e n b r o u g h t t o fo r e c lo s e t h e $ 6 5 0 ,0 0 0 m t g e .
V. 88,
p. 375.
O n J u n e 11 190 9 J u d g e E v a n s a u t h o r iz e d $ 3 3 7 ,6 2 4 r e c e iv e r 's
c e r t ific a te s , t o c o m p le t e e x t e n s io n to S lie lb y v llle .
R e c e iv e r w a s a ls o a u t h o r
iz e d t o p a y $ 1 6 ,2 5 0 on a c c o u n t o f p a s t -d u e c o u p o n .
V. 8 8 , p . 1560.
O R G A N I Z A T I O N .— T h is w a s f o r m e r ly t h e L o u is v ille A n c h o r a g e &
P c w e e V a lle y E le c tr ic R y . , I n c o r p o r a te d J a n . 14 1 9 0 1 , b u t n a m e c h a n g e d
a s a b o v e In J a n u a r y 1903
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k , c o m m o n , $ 2 ,0 0 0 ,0 0 0 _______
$ 2 ,0 0 0 ,0 0 0 ____________
P r e f. $ 4 0 0 ,0 0 0 , 5 % , n o n - c u m . ......
4 0 0 ,0 0 0 .........................
( 1906
5 g A -O
6 5 0 ,0 0 0 A p r il 1 1 9 5 6
1 st m o r t g a g e , $ 2 ,0 0 0 ,0 0 0 , g( I n t . a t M e r c h a n ts ’ N a t . B a n k , B o s t o n , o r
($ 5 0 0 & $ 1 ,0 0 0 ) , s f .............. |
F o u r th N a t. B a n k , N ew Y ork .
( O ld C o lo n y T r u s t C o ., B o s t o n , T r u s t e e .
R e c e iv e r s c e r t if ic a t e s ___________
3 3 7 ,6 2 4 ____________
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 a u t h o r iz e d , t h e b a la n c e u n is s u e d Is r e se r v e d
fo r e x t e n s i o n s , & c. S e e V . 8 2 , p . 9 8 7 . A s in k in g fu n d o f 1% p er a n n u m
o f b o n d s o u t Is o p e r a t iv e fr o m 1911 t o 1 9 3 1 ; th e r e a f t e r 2% p e r a n n u m .
B o n d s a r e s u b j e c t t o c a ll a t 1 1 0 a n d I n te r e s t.
E A R N I N G S . — F o r fis c a l y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 1 4 3 ,6 6 1 ; n e t ,
a f t e r t a x e s , $ 5 3 ,5 1 0 .
I n 1 9 0 7 , g r o s s , $ 1 2 3 ,5 9 4 ; n e t a f te r t a x e s , $ 4 6 ,6 4 1 .
R O A D .— O p e r a te s 27 m ile s b e t w e e n L o u is v ille , B e a r d s a n d L a G r a n g e ,
o n p r iv a t e r ig h t o f w a y .
7 0 - lb . r a ils . A n e x t e n s i o n fr o m L a k e la n d t o
S h c l b y v ll l e , 24 m ile s . Is u n d e r c o n s tr u c t io n , a n d Is e x p e c t e d t o b e c o m p le t e d
In s p r in g o f 1 9 1 0 .
10 p a s s e n g e r c a r s a n d 2 e x p r e s s c a r s .— V . 8 6 , p . 1 3 44;
V . 8 7 , p . 1 7 7 , 8 7 3 , 1 160; V . 8 8 , p . 1 5 6 0 .
I N D I A N A P O L I S & L O U I S V I L L E T R A C T IO N C O .— A t r o l l e y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a In 1 9 0 5 u n d e r t h e g e n e r a l
r a ilr o a d la w s .
F r a n c h is e s In c it ie s a n d t o w n s a r e fo r 50 y e a r s fr o m 1 9 0 5 ;
r e m a in d e r Is o n n r lv a tc r ig h t o f w a y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
C o m m o n , $ 2 ,5 0 0 ,0 0 0 _________ _____
__________$ 2 ,5 0 0 ,0 0 0 ______________
P r e f, $ 5 0 0 , 0 0 0 ( $ 1 0 0 ) ...............................
....................
1 0 0 ,0 0 0 .........................
1 st m o r t g a g e , $ 1 ,2 5 0 ,0 0 0 , g l 1 9 0 5
5 g A -O
1 ,2 5 0 ,0 0 0 A p r il 1 1 9 3 6
( $ 1 , 0 0 0 ) _________________ c ‘ / l n t . a t C o lo n ia l T r u s t C o ., P l t t s b . , T r u s t e e .
M tge & c o ll t r n o t e s , $ 4 0 0 ,0 0 0 1 1 9 0 7
6 g J -J
3 9 5 ,0 0 0 J u ly 1 1 0 1 2
( $ 1 ,0 0 0 a n d $ 5 0 0 ) , g - . c & r j l n t . a t C o lo n ia l T r u s t C o ., P l t t s b . , T r u s t e e .
B o n d s .— O n 1 s t m tg e . b o n d s a s in k in g fu n d o f 5% p e r a n n u m o f g r o s s
e a r n in g s c o m m e n c e s A p r il 1 1 9 1 6 . T h e y a r e s u b j e c t to c a ll o n a n y I n t. d a t e
a t 1 0 5 a n d In t. T h e t r u s t n o t e s a r e c o n v e r tib le a t o p t io n o f h o ld e r a t p a r
In to p r e f. s t o c k .
C an b e c a lle d o n 9 0 d a y s ’ n o t ic e a t 1 0 2 /$ a n d In t.
R O A D .— 4 1 .8 m ile s o f t r a c k fr o m S e lle r s b u r g (fr o m w h ic h p o in t c a r s
a r e ru n In to L o u is v ille o v e r t r a c k s o f L o u is v ille & N o r th e r n R y . & L t g . C o .)
to S e y m o u r , f r o m w h ic h p la c e It e n t e r s I n d ia n a p o lis o v e r t h e t r a c k s o f t h e
I n d . C o l. & S o u t h . T h r o u g h c a r s fr o m L o u is v ille t o I n d ia n a p o lis w e r e p u t
In o p e r a tio n In 1 9 0 8 . S t a n d a r d g a u g e : 7 5 - lb . T -r a lls .
O F F I C E R S .— P r e s ., J a m e s M . A n d r e w s , L o u is v ille ; V . - P . , W m . F lln n ,
P i t t s .; S e e . & T r e a s ., J a s . O . C h a p in , P i t t s .; M g r ., M a r tin J . I n s u ll, N e w
A lb a n y , I n d .; S u p t . , I I . D . M u r d o c k , S c o t t s b u r g , I n d .
G en er a l o f fic e s ,
S c o t ts b u r g , I n d .— V . 8 3 , p . 1 5 5 , 5 6 2 , 1 2 90; V . 8 5 , p . 7 9 3 .
L O U IS V IL L E & N O R T H E R N R A IL W A Y & L IG H T IN G .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d e r t h e g e n e r a l r a ilr o a d la w s o f
I n d ia n a In D e c . 1 9 0 5 $ 9 0 0 ,0 0 0 o f t h e $ 1 ,0 0 0 ,0 0 0 s t o c k o f t h e U n it e d
G a s & E le c tr ic C o . a n d $ 2 3 2 ,7 0 0 s t o c k o f t h e N e w A lb a n y W a t e r W o r k s
C o . a r e d e p o s ite d u n d e r t h is c o m p a n y ’s m o r t g a g e .
H as p u rch a sed th e
e le c t r ic a l e q u ip m e n t o f t h e K e n tu c k y & I n d ia n a B r id g e C o ., a n d le a s e s t h e
b r id g e fo r 25 y e a r s , t h u s a ffo r d in g I n d e p e n d e n t e n t r a n c e In to L o u is v ille .
C o m p a n y d o c s e le c t r ic l ig h t in g a n d e x p r e s s a n d fr e ig h t b u s in e s s In a d d it io n
t o p a s s e n g e r b u s in e s s .
R o a d Is m a in ly o n p r iv a te r ig h t o f w a y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ................................................................ $ 3 ,5 0 0 ,0 0 0 .............................
P r e f, $ 1 ,5 0 0 ,0 0 0 , s e r ie s A & B —
Q -J
1 ,5 0 0 ,0 0 0
S ee tex t
1 s t m o r t g a g e . $ 2 ,5 0 0 ,0 0 0 . g f 1 9 0 5
5 g J -D
5 0 0 ,0 0 0 D e c . 1 1 9 2 5
( $ 5 0 0 a n d $ 1 ,0 0 0 ) ...............o ‘ ( I n t . a t A m c r . T r . < S a v . B a n k , C h ic a g o ,
&
l
T r u s t e e , o r a t E lio t N a t . B a n k , B o s t o n .
B o n d s .— U n is s u e d b o n d s c a n o n ly b e Issu ed to r 8 0 % o f c o s t o f p r o p e r ty
b u ilt o r a c q u ir e d . A r e s u b j e c t t o c a ll a f te r D e o . 1 1 9 1 0 a t 1 0 5 a n d I n t e r e s t .
V . 82, p . 868.
S to c k . — T h e S e r ie s A p r e f. s t o c k Is 6% c u m ., t h e S e r ie s B Is c u m . a n d
la e n t t ie d t o 2% In 1 9 0 6 , 3 % In 1 9 0 7 , 4 % In 1 9 0 8 , 5% In 1 9 0 9 a n d 6% In
1 010 and th e re a fter .
D iv id e n d s .— D iv id e n d s fr o m J u l y 1 1 9 0 6 o n b o t h c la s s e s o f p r e f. s to c k
h a v e b e e n p a id a t r a te s c a lle d fo r u p t o A p r il 1 9 0 9 , w h e n H % w a s p a id o n
b o t h c la s s e s ; J u l y ,
O c t ., H % .
R O A D — O p e r a te s 2 0 m ile s o f t r a c k , L o u is v ille t o C h a r le s to w n , w i t h a
lin e b r a n c h in g o ff a t W a t s o n a n d r u n n in g to S e lle r s b u r g . A t S e lle r s b u r g
c o n n e c t s w it h t h e I n d . & L o u ls v . T r a c tio n C o ., r u n n in g to S e y m o u r , w h e r e
c o n n e c tio n Is m a d e w it h t h e I n d . C o l. & S o . , t h u s fo r m in g a t h r o u g h lin e
b e t w e e n L o u is v ille a n d I n d ia n a p o lis . T h e lin e fr o m L o u is v ille t o C h a rle s
t o w n w ill fo rm p a r t o f a th r o u g h lin e b e t w e e n L o u is v ille a n d C in c in n a t i.
S ta n d a rd g a u g e .
7 0 - lb . T r a il.
O F F I C E R S .— P r e s ., S a m u e l I n s u ll, C h ic a g o : V . - P . a n d T r e a s ., R . W .
W a ite ; S e e .. F . J . S t r a tt o r ; G e n . M g r ., M a r tin J . I n s u ll.— V . 8 2 , p . 5 0 9 , 8 6 8 .
(1) U n it e d G a s & E le c tr ic C o .
O R G A N I Z A T I O N .— I n c o r p o r a te d tn I n d ia n a In 1 9 0 2 a n d a c q u ir e d t h e
N e w A lb a n y G a s lig h t & C o k e C o ., Ncvr A lb a n y L ig h t , H e a t & P o w e r C o.
J e ff e r s o n v ille E le c tr ic L ig h t , H e a t in g . G a s & C o k e C o . a n d J e ff e r s o n v ille
L ig h t & W a te r C o .; a ls o c o n t r o ls th e L o u is v ille & S o u th e r n I n d ia n a T r a c tio n
C o.
D o c s e n tir e g a s a n d e le c t r ic - lig h tin g b u s in e s s In N e w A lb a n y a n d
J e ff e r s o n v ille , a n d s u p p lie s a ls o P o r t F u lt o n , S ilv e r G r o v e . C la r k s v ille a n d
C h a r le s to w n . F ranchises 45 y e a r s In N e w A lb a n y a n d 5 0 y e a r s In J cffers o n v lllc fro m 1 9 0 2 ; In o t h e r t o w n s fr o m 2 0 t o 4 0 y e a r s .
G u a r a n te e s th e
$ 2 5 0 ,0 0 0 fir st m o r tg a g e b o n d s o f N e w A lb a n y S t r e e t R a ilw a y C o.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )
.......................................$ 1 ,0 0 0 ,0 0 0
____________
F ir s t m o r tg a g e $ 7 5 0 ,0 0 0 ( $ l . - f 1 9 0 2
5 g J -J
7 3 6 ,0 0 0
See te x t.
0 0 0 ) g o l d ------------- c ( I n t e r e s t
a t A m e r ic a n T r u s t < S a v . B a n k ,
fe
1
Tru<'-. a n d a t E lio t N a t . B k ., B o s t .
F ir s t c o n s o lid a t e d m o r t g a g e ,] 100 4
5 g J -J
Sec te x t
See te x t.
$ 1 ,5 0 0 ,0 0 0 g o ld ( $ 5 0 0 a n d ] I n t e r e s t a t A m e r ic a n T r u s t & S a v in g s B a n k
$ 1 , 0 0 0 ) ......................................c‘J C h ic ., T m s . . or a t E lio t N a t . B k ., B o s t o n .
N o t e s $ 5 0 0 ,0 0 0 6% g o ld ($ 1 ,-1 1 9 0 7
6 F -A
3 5 0 ,0 0 0 A u g 1 1 9 1 2
0 0 0 , $ 5 0 0 a n d $ 1 0 0 ) ............c / I n t . a t C e n tr a l T r . C o . o f 111., C h ic .,T r u s t e e .
B o n d s . — $ 7 3 6 ,0 0 0 n e w c o n s o ls a r c r e se r v e d t o r e tir e a lik e a m o u n t o f
fir st 5s; $ 3 6 5 ,0 0 0 a r e r e se r v e d fo r f u tu r e b e t te r m e n ts a n d I m p r o v e m e n t s ,
$ 3 8 5 ,0 0 0 a r e o u t s t a n d in g to s e c u r e t h e n o t e Issu e a n d $ 1 4 ,0 0 0 h a v e b e e n
r e tir e d .
B o t h Issu es m a tu r e s e r ia lly fro m 190 7 t o 1 9 4 2 , b u t th e b o n d s o f
1 9 0 2 m a y b e c a lle d a f te r J u ly 1 1 9 1 2 a t 1 0 5 a n d In ter e st; t h e n e w c o n s o ls
a f te r J u ly 1 19 2 4 a t 1 0 5 a n d I n te r e s t.
See V . 79 , p. 2458.
T h e 1907 n o te s
a r?i s pc u r e d B y 1 10% o f t h e 1904 c o n s o lid a t e d m o r tg a g e b o n d s. C an b e
c a lle d a t 101 a n d I n te r e s t o n 3 0 d a y s ’ n o t ic e .
U n is s u e d n o t e s a re r e se r v e d
fo r f u tu r e I m p r o v e m e n t s .
V . 8 5 , p . 1466.
E A R N I N G S .— For y e a r s e n d in g M ay 31:
_
1908.
1907.
1906.
1905.
G ro ss e a r n in g s ...........................................$ 2 8 0 ,7 8 1
$ 2 6 9 ,9 8 7
$ 2 6 3 ,2 2 0 $ 2 1 9 ,8 7 6
O p e r a tin g e x p e n s e s a n d t a x e s - . . 1 7 0 ,7 0 9
1 7 0 ,3 0 9
1 7 3 .5 3 4
1 4 9 ,2 1 5
N e t e a r n in g s ...........................................$ 1 1 0 ,0 7 2
I n t e r e s t .........................................................
5 2 ,4 0 4
$ 9 9 ,6 7 8
4 6 ,4 9 9
$ 8 9 ,6 8 6
4 6 ,6 4 1
$ 7 0 ,6 6 1
3 7 ,5 0 7
......................................... $ 5 7 ,6 6 8
$ 5 3 ,1 7 9
$ 4 3 ,0 4 5
$ 3 3 ,1 5 4
B a la n c e
O F F I C E R S .— P r e s -. S a m u e l I n s u ll, C h ic a g o ; V . - P . a n d T r e a s ., R . W .
W a ite ; S e c ., F . J . S tr a tto r ; G e n . M g r ., M artin J . In s u ll; S u p t ., J . W .
D u n b a r . V . 8 0 . p . 1 2 36; V 8 1 . p 1 7 0 4 ; V . 8 2 , p . 8 7 1 ; V . 8 5 , p . 7 3 7 , 1466
(a) L o u is v ille & S o u th e r n I n d ia n a T r a c tio n C o.
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a u n d e r t h e G en er a l R a ilr o a d
L a w s In 1 9 0 3 , a n d Is s u c c e s s o r t o t h e S o u th e r n I n d ia n a I n tc r u r b a n R a ilw a y
U o. .
t h e N e w A lb a n y S t r e e t R a ilw a y C o . for 25 y e a r s fro m A u g . 1
1 9 0 3 ( w ith p r iv ile g e o f r e n e w a l fo r 2 3 y e a r s) a t a y e a r ly r e n ta l o f $ 5 0 0 , t h e
l n t U - „ a r g i,s a n d t a x c s a n d d l v s - o f 4 % o n $ 1 0 0 ,0 0 0 preferred s to c k .
V. 77.
P- ' 6 9 .
I n S e p t . 1 9 0 4 a c q u ir e d t h e H ig h la n d R R . for $ 1 0 ,0 0 0 In b o n d s;
Yi 79>
tn D e c . 1 9 0 5 a c q u lie d t h e J e ff e r s o n v ille C ity R y . S e e V .
81, p . 1792.
Is c o n tr o lle d b y t h e U n it e d G a s & E le c tr ic C o ., w h ic h s e e
o w n e d a r e fo r 5 0 y e a r s: a ls o p e r m it te d t o c a r r y f r e ig h t .
S IO C K A N D B O N D S —
D a le.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 ) ............................
*2 0 0 0 0 0 0
P r e f 6 % c u m . $ 1 ,0 0 0 ,0 0 0 ( $ 10) ____
'
'4 3 4 9 8 0 .........................
F lr st, .
5 1 .0 0 0 ,0 0 0 ] 1 9 0 3
5 g M -S 15 1 ,0 0 0 ,0 0 0 S^ pt.T s' 1 9 2 3
g o ld ( $ a 0 0 ,0 0 0 a n d $ 1 ,0 0 0 ) ) I n t . a t A m e r . T r u s t & S a v . B a n k , C h ic a g o ,
.- c
a n d U . S . T r u s t t .o ., L o u is v ille , T r u s t e e s .
N e w A lb a n y S t . R y $ 2 5 0 ,0 0 0 / 1 9 0 2
5 F -A
2 5 0 ,0 0 0 A u ° \ 1 192 7
($ 1 ,0 0 0 ) g u a r p i In * I n te r ] I n t . a t U . S . T r u s t C o .. L o u is v ille ’ t r u s t e e .
1
* 0 sJn k In g fu n d b u t b o n d s a r e s u b j e c t t o c a ll a f te r 10 y e a r s a t
1 0 5 a n d I n t e r e s t . S e e V . 7 7 , p 7 6 9 , 2 3 3 9 . T h e N e w A lb a n y S t r e e t R y .
b o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 0 5 a n d in te r e s t a n d are
g u a r a n te e d b y U n it e d G a s & E le c tr ic .
E A R N I N G S .— F o r fisc a l y e a r e n d in g J u ly 31 1 9 0 7 : G r o s s , $ 2 5 7 ,9 7 2 - n e t .
$ 8 3 ,0 3 1 : I n te r e s t. $ 4 9 ,9 9 9 : d iv id e n d s , $ 2 6 ,0 9 7 : s u r p lu s $ 6 9 3 5
R O A D — O p e r a te s 3 3 m ile s o f t r a c k . I n c lu d in g 10 H m ile s le a s e d fr o m
N e w A lb a n y S t r e e t R y . , a n d a ls o lin e b e t w e e n N e w A lb a n y a n d J e ffe r s o n
v l lle . a n d c it y lin e s In J e ff e r s o n v ille . A n e x t e n s io n t o L o u is v ille w a s c o m
p le te d In S e p t . 1 9 0 5 .
H a s a c o n t r a c t w it h " B ig F o u r ” R R . fo r t h e u s e
o f Its b r id g e o v e r O h io R iv e r a n d w ith L o u is v ille R a ilw a y C o . a l lo w in g I ts
c a r s t o e n t e r L o u is v ille .
M as e r e c te d a n In te r u r b a n te r m in a l o n T h ir d S t . .
L o u is v ille .
G ird er r a ils , 9 0 l b s .. T rati? 73 a n d 77 >$ lb s .
O F F I C E R S .— P r e s . S a m u e l I n s u ll. C h ic a g o ; V . - P . a n d T r e a s., R . W
W a ite ; S e c ., F . J . S t r a tt o r ; G e n . M g r ., M a r tin J . I n s u l l.— V . SI , p . 1 7 9 2 .
LOWELL, MASS.
LOWELL & FITCHBURG STREET RY.—A trolley road.
D e fa u lt. — D e f a u lt o c c u r r e d In p a y m e n t o f I n te r e s t o n J u l y 1 1 1 0 8 . I n
J u n e 1 9 0 9 a p r o t e c t iv e c o m m it t e e o f t h e L o w e ll & F itc h b u r g E le c trle C o.
w a s u n d e r t a k in g to r a ise f u n d s t o p a y o ff t h e f lo a t in g d e b t o f t h e L o w e ll &
F itc h b u r g S t r e e t R y .
S e e Ite m In V . 8 8 , p . 1 5 6 0 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a s s a c h u s e t t s In 1 9 0 3 .
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k . $ 2 7 5 ,0 0 0 , $ 1 0 0 .........................................................
$ 2 7 5 ,0 0 0
____________
F ir s t m o r t g a g e . $1 0 0 0 ,0 0 9 / 1 9 0 0
5 g J -J
2 7 5 ,0 0 0 J a n . 1 1 9 2 6
g o ld ( $ 1 .0 0 0 ) ---------------------- l i n t , a t U n . S e c . L . I . * T r . C o .. P h l la ., T r u s t .
B o n d s . — A r e s u b j e c t t o c a ll a t 1 0 5 a n d I n te r e s t o n a n y I n te r e s t d a t e . N «
s in k in g f u n d .
E A R N I N G S .— F o r y e a r e n d in g S e p t . 3 0 1 9 0 8 , g r o s s , $ 4 3 ,7 4 5 ; d e f ic it
fr o m o p e r a tio n , $ 2 .0 0 .
R O A D .— O p e r a te s 14 m ile s fro m L o w e ll, w h e r e It c o n n e c t s w it h t h e
L o w e ll s y s t e m , t o A y e r , w h e r e c o n n e c tio n Is m a d e w it h t h e F itc h b u r g &
L e o m in s t e r S t r e e t R y . A ls o a b r a n c h , a b o u t 5 m ile s , fr o m N o r t h C h e lm s
fo rd t o W e s tf o r d . 8 ca rs; 1 s n o w - p lo w .
O F F I C E R S .— P r e s ., J a m e s W . G r e e n , A y e r ; S e e ., C . P a r s o n s , A y e r :
T r e a s ., J e r e m ia h W o o d .— V . 8 3 , p . 3 8 ; V . 8 8 , p . 1 5 6 0 .
LYNCHBURG, VA.
LYNCHBURG TRACTION & LIGHT C O .-Trolley.
O R G A N I Z A T I O N .— I n c o r p o r a te d In V ir g in ia , a n d Is a c o n s o lid a t io n o n
M a y 1 1901 o f t h e L y n c h b u r g E le c tr ic R a ilw a y & L ig h t , t h e L y n c h b u r g &
R lv e r m o n t S t r e e t R y . (fra n ch ise p e r p e t u a l) , t h e L y n c h b u r g G a s C o . a n d
th e L y n c h b u r g W a te r C o ., a n d c o m p r is e s a ll t h e s t r e e t r a ilw a y s , g a s w o r k s
a n d e le c t r ic - lig h t p la n t s o f L y n c h b u r g a n d h y d r a u lic p o w e r d e v e lo p m e n t a t
R e u s c n s , V a .; a ls o o w n s a ll t h e s to c k o f t h e L y n c h b u r g W a te r P o w e r C o .,
a n d h a s a s s u m e d t h e $ 5 0 0 ,0 0 0 1 s t m tg e . 5% b o n d s o f t h a t c o m p a n y .
In 1 9 0 7 a u t h o r iz e d s to c k w a s In c r ea se d fr o m $ 7 5 0 ,0 0 0 t o $ 1 ,0 0 0 ,0 0 0 t o
p r o v id e fo r t h e c o n v e r tib le f e a t u r e o f n e w b o n d s.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ) .............. .............
J -D
$ 7 5 0 ,0 0 0
See te x t.
F ir s t m o r t g a g e . $ 1 ,0 0 0 ,0 0 0 ] 1901
5 g M -N
8 6 1 00(1 M ay 1 19 3 1
s in k in g fu n d ($ 1 ,0 0 0 ) g o l d /R e a l E s t a te T ru st C o ., P h ila d e lp h ia , T r u s t e e .
o * ................. .....................................J I n t e r e s t a t R . M . J a n n e y & C o . P h ila d e lp h ia .
G en m tg e c o n v , $ 2 5 0 ,0 0 0 ,1 1 9 0 7
6 g J -D
$ 2 3 5 ,0 0 0 D e c 1 1 9 1 7
g o ld ( $ 1 ,0 0 0 ) ......... ............... c ‘ J L o g a n T r u s t C o ., P h ila d e lp h ia , T r u s t e e .
5 M -S
11 1 ,0 0 0
1930
L y n c h b u r g G a s C o fir st m o r t / 1 9 0 0
g a g e $ 2 5 0 , 0 0 0 ........................... ] I n t . a t R e a l E s t a t e T r u s t C o .. P h l la ., T r u s t .
L y n c h b u r g W a te r P o w e r fir s t] 19 0 2
5
4 >0.000 J u l y l 193 2
m o r t g a g e , $ 5 0 0 ,0 0 0 .............. / R e a l E s t a t e T r u s t C o ., P h i la d e lp h ia . T r u s t e e .
D iv id e n d s . — In 1 9 0 4 , J u l y , 1 %; N o v . , 1 %; In 1 9 0 5 , 2 % ; In 1 9 0 6 , 2 M % .
In 1907, 3% .
In 1 9 0 8 . J u n e 1 5 , 1 H % a n d 1% e x tr a ; D e e . 1 5 . 1 H % a n d
1% e x t r a .
I n 1 9 0 9 . J u n e 1 5 , 1 H % a n d 1% e x t r a .
B o n d s . — T h e n e w g e n . m tg e . b o n d s a r e s u b j e c t t o c a ll o n a n y I n t. p e r io d
a t 103 a n d I n t.; t h e y a r e c o n v e r tib le a t a n y t im e I n to s to c k a t p a r . V . 8 6 , p .
5 2 . N o s . f. O f t h e 1 s t m tg e b o n d s . $ 1 1 1 ,0 0 0 a r e r e se r v e d t o r e tir e b o n d s
o f lik e a m o u n t o f L y n c h b u r g G a s C o . d u e 1 9 3 0 , a n d o f w h ic h n o m o r e a r e
t o b e Issu ed ; $ 2 8 ,0 0 0 h a v e b e e n c a n c e le d . S in k in g fu n d o f 1% p e r a n n u m
b e c o m e s o p e r a tiv e In 1 9 0 6 , w h ic h Is In c r e a se d In 1 9 1 6 to l / $ % .
E n tir e
Issu e ca n b e c a lle d a t a n v t im e .
E A R N I N G S .— Y e a r e n d in g A p r il 3 0 1 9 0 9 : G r o s s , $ 3 5 6 ,4 2 8 ; n e t , $ 1 7 1 ,8 4 9 ;
I n t e r e s t c h a r g e s , $ 8 7 ,0 5 8 ; d i v id e n d s , ( 5 % ) , $ 3 7 ,5 0 0 ; s u r p lu s , $ 4 7 ,2 9 1 .
R O A D .— O w n s a n d o p e r a te s a b o u t 2 0 m ile s o f ro a d In c it y a n d s u b u r b s .
S ta n d a r d g a u g e . 4 0 c a r s.
O w n s R lv e r m o n t P a r k .
O F F I C E R S .— P r e s , a n d G e n . M g r ., R . D . A p p e r s o n , L y n c h b u r g , V a .
V . - P ., C h a s. R . M iller, P h lla .; S e c . a n d T r e a s ., F . H . S h e lto n , 10 0 4 P e n n s y l
v a n ia B l d g ., P h l la .— V . 7 2 , p . 8 7 3 : V . 8 6 , p . 5 2 , 1 6 8 . 1 5 2 9 .
McALESTER, OKLA.
CHOCTAW RAILWAY & LIGHTING CO.
In F e b . 1 9 0 8 th e r e w a s a c h a n g e In c o n tr o l a n d o ffic e r s e le c t e d a s b e lo w .
O R G A N I Z A T I O N .— I n c o r p o r a te d In J u n e 1 9 0 5 a s s u c c e s s o r t o t h e
I n d ia n T e r r it o r y T r a c t io n C o . a n d C h o c ta w E le c tr ic C o .
D o e s a f r e ig h t
b u s in e s s a n d fu r n is h e s p o w e r fo r lig h t in g .
L ig h t a n d p o w e r fr a n c h is e
p e r p e tu a l: r a ilw a y f r a n c h is e e x p ir e s In 1 9 4 2 .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m .. $ 7 5 0 ,0 0 0 .................................................................
$ 7 5 0 ,0 0 0 .................
P r e fe r r e d . $ 2 5 0 .0 0 0 ---------------------------------------------2 5 0 .0 0 0 ____________
1 s t m t g e . $ 1 ,5 0 0 ,0 0 0 g o ld l 1 9 0 8
5 M -S
7 5 0 ,0 0 0 M a r. 1 19 3 8
( $ 5 0 0 a n d $ 1 ,0 0 0 ) ..................../M c A le s te r T r u s t C o ., T r u s t e e .
B o n d s .— I n t e r e s t Is p a y a b le a t C o lo n ia l T r u s t & S a v . B a n k , C h ic a g o :
N a t . C ity B a n k , N . Y . , a n d M e r c a n tile T r u s t C o ., S t . L o u is .
B o n d s are
s u b j e c t to c a ll a f te r 191 3 a t 1 0 5 . R e m a in in g b o n d s m a y b e I s su e d , u n d e r
c e r t a in r e s t r ic t io n s , fo r a d d it io n s a n d a c q u is it io n s . V . 8 8 , p . 1 6 1 9 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 4 0 ,8 7 1 ; n e t , $ 5 4 ,3 3 1 .
I n 1 9 0 7 , g r o s s , $ 1 4 0 ,9 8 2 ; n e t , $ 4 9 ,8 5 2 .
R O A D .— O p e r a te s In c it ie s o f M c A le s te r a n d H a r t s h o r n e , a n d a n I n te r
u r b a n , o v e r p r iv a te r ig h t o f w a y b e t w e e n t h e t w o c it ie s .
22 m ile s o f t r a c k .
S t a n d a r d g a u g e : r a il. 6 6 -7 0 lb . T .
12 p a s s e n g e r c a r s. 7 o t h e r c a r s.
O F F I C E R S .— P r e s ., W illia m B u s b y : V . - P . , C . W . D a w le y ; S e c . & T r e a s .,
C h a s. E . R o h rc r ; A u d ., O . C . J a c o b s ; P u r c h . A g e n t , R . H . B u s b y , a ll o f
M c A le s t e r .— V . 7 8 , p . 2 3 3 4 ; V . 8 0 , p . 2 4 5 8 ; V . 8 1 , p . 2 6 4 ; V . 8 6 , p . 546;
V . 8 8 , p . 1619.
M cK e e s p o r t , p a .
PITTSBURGH McKEESPORT & WESTMORELAND RY
O R G A N IZ A T IO N .— Incorp orated In P e n n sy lv a n ia In 1006 an d has tak en
o v er th e P ittsb u rg h & W estm orelan d R y . C o., ex ch a n g in g bond for bond
w ith th e ex c ep tio n th a t th e cou p on s for three years from D ec. 1 1908 h ave
b een rem oved and p laced w ith a llscal a g en t for co llectio n or ca n cella tio n ,
a s th e case m a y b e, d ep en d in g upon th e su fficie n c y of earn in gs. T he co m
p a n y also ow n s th e D onora & E ldora S tr e e t R y . Co. (w hich Is to be m erged
Into th e P itts. M cK . A W . R y .) , 3
m iles lon g, In course of con stru ctio n
from D onora to E ld ora, co n n ectin g w ith th e C harleroi d ivision of th e P it t s
burgh R y s ., 1 m ile co m p le ted , through ow nership of en tire ($150,000) s to c k .
D onora A Eldora b ond s h ave b een retired . V. 88, p. 565. It Is ex p ec te d to
co n n ect th ese tw o s y ste m s b y w a y of H erm ln ic, W est N ew to n and W eb ster.
F r a n c h is e s
• T h is Is d iv id e n d o n M a n c h e s te r S t r e e t R y . s t o c k
E A R N I N G S .— O f M a n c h e s te r T r a c t io n , L ig h t A P o w e r C o . fo r y e a r e n d In J u n e 3 0 1 9 0 8 , g r o s s , $ 4 1 2 ,8 5 4 ; n e t , $ 2 6 9 ,1 8 6 ; o t h e r I n c o m e , $ 6 4 ,9 7 1 ;
I n t e r e s t a n d t a x e s , $ 1 1 3 ,2 0 0 ; d i v id e n d s , $ 2 0 8 ,0 0 0 ; s u r p lu s , $ 1 2 ,9 5 7 .
O F F I C E R S .— P r e s ., W illia m A . T u c k e r ; V .- P . a n d G e n . M g r ., J . B r o d le
S m it h ; T r e a s ., S . R e e d A n t h o n y .— V . 8 6 , p 4 2 1 ; V . 8 7 , p . 1 1 6 0 , 1 4 2 0 .
D e r p e tu a l a n d p e r m it t h e c a r r y in g o f f r e ig h t a n d c o a l.
ST O C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
__________ $ 2 ,0 0 0 ,0 0 0
___________
S to c k , $ 2 ,0 0 0 ,0 0 0 ($ 5 0 )______ _____
1 st m ortgage $ 2 ,0 0 0 ,0 0 0 g o ld / 1906
5 g J-D
1,00 0 ,0 0 0 D ec. 1 1936
($500 and $ 1 ,0 0 0 )______ c * \ In te rest a t H arrisburg T ru st C o., T ru stee.
R o n d s .— O u tstan d in g b ond s Include th e b ond s g iv e n In ex c h a n g e for
P itts . A W estm orelan d R y . bonds. B on d s h a v e no sin k in g fu n d , b ut are
s u b je c t to call a t 110 an d lilt, on and a fter D ec. 1 1916.
R O A D .— R un s b etw een Irw in and M cK eesp ort, a b o u t 11 m iles, using
W e s t P enn R y . in to M cK eesp ort. A n ex te n sio n from W est N ew to n to
H erm ln le Is u nd er co n stru ctio n . R oad from M cK eesp ort to W est N ew to n ,
v ia Irw in , e x p e c te d to be In op eration In S e p t. 1910. G au ge, 5 ft. 2
Inch.
70 -lb . T rail an d 73 and 9 0-lb . girder.
O F F IC E R S .— P r es., M anning S tlre s, M cK eesport; V .- P ., I . I . R o b e r t
so n , W est N ew ton; T rea s., George D . C ook, 25 Broad S t .. N ew York;
S e c ., (vacan t) — V . 8 3 , p . 493; V. 8 5 . p. 346; V . 8 7 , p . 1421: V . 8 8 , p . 565;
MACON, G A .
MACON RAILWAY & I.IOHT CO.
In A u g . 1909 It w as rep orted th a t a bill p erm ittin g th is com p an y to con
so lid a te w ith th e C entral G a. P ow . C o., th e A tla n ta M acon A Griffin In te r.
R y . and th e A m ericus A A lb a n y E lec. R y . h ad b ecom e a law . V . 8 9 , p . 529.
O R G A N IZ A T IO N .— in corporated In G eorgia on O ct. 23 1902 by th e
R a ilw a y s & l i g h t Co. o f A m erica as a con solid ation of th e Macon Consoll
d ated S treet R y .. th e Macon Electric L ight A R y ., th e N orth A South
Macon S treet R y . and th e M etropolitan S treet R y . The c ity ord in an ce p er
m ittin g th e co n so lid a tio n , passed on S ep t 16 1902, provided th a t a t least
$ 1 5 0 ,0 0 0 shou ld be exp en d ed for Im provem ents w ith in tw o year* and granted
a 5 0 -y ea r f r a n c h i s e . F or term s, see V . 75, p . 733. V o tin g tru st In sto ck
w as d issolved In S e p t. 1905.
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on. $900,000 ($ 1 0 0 ).................................................
$900 ,0 0 0
............... .
P r et., $300,000 ($100) 6 % c u m ____
6 AO
300 .0 0 0 O c t .'09 , 3 %
Mae R y & L t first con s m tge g l 1903
5 g J-J
1 ,0 0 0 ,0 0 0 .Ian. 1 1053
$ 1 ,0 0 0 ,000 ($1,000) . . . . c * l i n t , a t Trust. Co. of A m r ca. N .Y .. T rustee.
Mac Elec Lt & R y first m tg ej 1899
6 g J-J
4 2 .5 0 0 J a n . 1 1929
$ 100,000 ($500) g o ld ___ c * l i n t , at R ow ling Green Tr. C o., N . Y . T ru st.
B on d s.—-Mac. R y . & L t. 1st consols aro sub joct to call on a n y Interest
d a te a fter 5 years a t 110 and Interest. $41 ,0 0 0 bonds and $28,700 sto ck
are held b y S avan n ah T ru st C o. to retire th e $42,500 b ond s rem ain in g o u t.
See V . 7 6 . p . 212.
D i v i d e n d s . — 6% per an nu m has b een paid on preferred 1903 to 1908
In clu siv e. In 1909, A pril, 3% ; O c t., 3% .
R O A D .— O w ns and op erates ab ou t 3 2 m iles o f tra ck , all of w h ich h a s
been re-laid w ith 70 -lb rails.
R E P O R T .— For years en d in g D ec. 31:
C a le n d a r
Y ears—
R E P O R T .— Of th e M an ch ester S tr e e t R y . for years en d in g J u n e 30:
C ross
N e t.
I n t .A T a x . *D i v i d e n d s . S u r p l u s .
$ 8 1 ,179 $14,456
(6 % )$64,233 $2,490
7 8 ,2 0 3 19.238
(6 % )5 6 ,6 7 0
2 ,295
8 9 .9 4 2 15,365
(6% ) 5 6 ,6 7 0 17,907
6 9 ,0 1 5
9,694
(6% ) 5 6 ,6 7 0 2,651
1908-09 ............................$359,831
1907-08 ............................ 3 4 0 ,4 6 9
1906 07 ........................... 339,541
1905 0 6 ...........
313,031
C ross
N et
I n t. a n d D iv .o n P r e f.
B a la n c e .
T ares.
(6% ).
S u m iu s .
E a r n in g s .
E a r n in g s .
$7 6 ,8 0 0
$65,817
$17,016
1 1 0 1 .....................$358,018
$159,633
76 .8 1 4
67,260
17,016
1007 ..................- 3 5 5 ,3 8 7
161,090
O F F IC E R S .— P r e s., W . J . M assee; V .-P s ., M. F e lto n H atch er and F . B .
S tub b s: S ec. and T re a s., J . H . Hertz; G en. M gr., J . T . N y h a n .— V . 7 8 , p.
34«; ▼. S I , p . 508; V . 8 5 . p . 1005; V . 8 6 . p . 421, 1664; V . 8 9 , p . 329.
M ADISON, W IS.
SOUTHERN WISCONSIN RAILWAY CO.— A tro lley road .
O R G A N IZ A T IO N .— S uccessor to th e M adison & Interu rb an T raction C o.,
w hich w as Incorporated In J a n . 1905, and on S e p t. 1 1905 purchased the
M adison T raction C o., w hich w as Itself successor to th e M adison E lectric R y .
F r a n c h i s e s exp ire In 1932, 1938 and 1944, an d are p ra ctica lly ex c lu siv e.
STOCK A N D B O N D S — D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
$5 >,ooo
______
S to c k . $ 110.0 )0 ($ 1 0 0 )............... ................................
Mad & ln ter u r T rac 1st m tg e l 1906
5 g M -N
685,000 M ay 1 1931
$886,000 gold ($1,000) . . c ] I n t . a t C itizen s’ S a v . & Tr. C o ., C le v e ., T ru s.
G en. m tge. S'’ o o n .o o ' o-old
.
5
f O '.o o o
.lon e 25 ’3?
B o n d s . — M ad. & In te r n . T rac. m tg e. w as for $ 1 ,2 0 0 ,0 0 0 , b u t m tg e. w as
d o s e d an d o n ly $ 6 8 5 ,0 0 0 Issued, th e b alan ce b ein g ca n celed . W h ole Issue
can b e called on a n y In terest d a te a t 102 and Interest on 60 d a y s ’ notice:
no sin k in g fu n d . Of th e g e n . m tg e. b on d s, $685,000 are reserved to retire
a b o v e prior lien s.
R O A D .— O w ns, w ith ex ten sio n s now In progress, 16 m iles of standardgauge track Inclu d in g lin es In M adison, and ex ten sio n to Fair O aks, Elmild e . L ake Park C em etery and South M adison.
R E P O R T .— Y ear en d in g D ec. 31 1908: G ross, $156,157; n et, a fter ta x es,
$ 6 9 ,4 8 6 . In 1907, gross, $153,703: n et, a fter ta x e s, $68 ,2 1 4 .
O F F IC E R S .— P r e s., F . W . M ontgom ery: V.'-P , D ud ley M on tgom ery,
Sec. and T re a s., W arren M ontgom ery; S u p t , D . M on tgom ery.— V . 7 2 , p.
438: V . 7 3 , p . 494, 663; V . 7 9, p. 501; V . 80. p . 1174; V . 83, p. 0 6 , 156.
M AN ISTEE, MICH,
MANISTEE LIGHT & TRACTION CO.
R e ceiv ersh ip . — O n J a n . 12 1 9 0 9 J u d g e K n a p p e n In t h e F e d e r a l C o u rt
a p p o in t e d J o h n P . R e y n o ld s J r . a s r e c e iv e r , t h e c o m p a n y h a v in g d e f a u lt e d
In th e p a y m e n t o f t a x e s a n d I n te r e s t.
V . 88, p. 158.
F o r b o n d h o ld e r s ’
c o m m it t e e s e e V . 8 8 , p . 5 0 6 .
O R G A N I Z A T I O N .— O r g a n iz e d In 1 9 0 6 In M ich ig a n a s a c o n s o lt d a t lo t
o f th e N o r t t u r ,! M ic h ig a n T r a c tio n a n d N o r t h W .s L rn M ic h ig a n L t. A P o w
D o e s t h e g a s , e le c t r ic lig h t a n d s tr e e t r a ilw a y b u stn . ss in M a n is te e , F lle i
C ity a n d E a s t L a k e . F ra n ch ise 3 0 y e a r s fro m 1 9 0 4 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n . $ 8 8 5 ,0 0 0 ( $ 1 0 0 ) ____ ______
________
$ 8 8 5 ,0 0 0 ____________
P ref c u m , $ 1 1 5 ,0 0 0 ( $ 1 0 0 ) . ...................................... ..
1 1 5 ,0 0 0 ......... ................
5 g J -J
6 0 0 .0 0 0 J u l y 1 1 9 2 6
1 st m tg e , $ 1 ,5 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) 1 1 9 0 6
g . n o t r e d e e m a b le -----------c * l l n t . a t N e w E n g la n d T r . C o .. B o s t o n , T r u s .
B o n d s . — U n is s u e d b o n d s c a n be Issu e d to i ao % o f c o s t o f e x t e n s i o n s ,
a d d it io n s a n d i m p r o v e m e n ts .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 6 8 ,7 6 8 : n e t a f t e r t a x e s ,
$ 1 9 ,8 1 0 .
I n 1 9 0 7 , g r o s s , $ 5 0 ,5 2 2 ; n e t a f t e r t a x e s , $ 2 ,7 7 3 .
R O A D .— O p e r a te s In m ile s o f t r a c k .
G a u g e 4 f t . ft
In.
3 5 to 4 0 - lb .
T a n ti 8 5 - lb . g ir d e r r a ils .
30 ca rs.
O p e r a te s a 5 0 - a c r e p a r k o n L a k e
M ic h ig a n .
O FFICER S.— Pres., Edward M. Deane: V .-P ., Lindsey Hooper; Sec.,
Frank G. Deane; Treas., Raymond E. Preble: Asst. Sec. and Treas., F .C.
Mildram; Gen. Mgr.. Harry B. Wales: V. 85. p. 864: V. 88. p. 158.
M ARIO N , I L L .
COAL BELT ELECTRIC RY.
In 1904 passed Into con trol of th e S t . L ou is Iron M ountain A S o u . R y . C o.
STO C K AND B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g
M a tu r ity .
s t o c k , $ 3 0 0 ,0 0 0 ($ 1 0 0 )....................................... . . . .
$ 3 0 0 ,0 0 0 .......................
E A R N I N G S .— F or fiscal y ea r en d in g J u n e 3 0 1908. gross, $46,565;
n et, $ 8 ,9 1 3 .
R O A D .— O perates 16.36 m iles of track from M arlon to C artervllle and
H errin. S ta n d a rd g a u g e. 6 0 -lb . T rail.
O F F IC E R S .— P r es., G eo. J . Gould; V .- P ., C. S . Clarke: G en. M gr., A . W .
S ullivan ; S e c ., F . VV. Irland; T re a s., F . M. H ickm an; G en. A u d ., S . B .
S ch u y ler, S t. Louis; S u p t., J . B u rn s, M arlon.
M A R S H A L L T O W N ? IA .
MARSHAILTOWN LK1HI POWER A RY.
O R G A N IZ A T IO N .— Incorp orated In Io w a In 1892. E x clu siv e rights
till 1917. R u n s electric lig h tin g a n d gas p 'an t and electric railw a y .
< STOCK A N D B O N D S —
D a te
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to ck , com . ($500,000) ( $ 1 0 0 ) ..................................... $ 2 5 0 ,0 0 0 t.p .......................
Preferred 7 % ..............................................
......................
5 0 ,0 0 0 ___________
1st
m ortgage
($ 1 5 0 ,0 0 0 )’ 18')3
6 g J-J
lftO.OOO J u ly 1 1913
gold (S I .0 0 0 ). -------, c * f l n t a t 111. Tr. A Sav R k ., C hicago, T ru stee
S t o c k a n d B o n d s .— Preferred sto ck Is redeem able a t 105 an d Interest.
B onds ca n n o t be called .
E A R N IN G S .— For calendar year 1908, gross, $ 9 4 ,1 4 6 . In 1907, gross,
$ 8 8 ,0 5 5 .
R O A D .— T rolley tra ck , 4 m . S ta n d a rd g a u g e, 40 and 60-lb . T rail.
O F F IC E R S .— P r es., C. D . J o n es. Ind ep en d en ce, la .. S e e ., S . B . H o v e y ,
Ind ep en d en ce. Ia.; T reas. and S u p t.. M. iV. H o v e y , M arshalltow n. la .
MASON C ITY , IO W A.
MASON CITY & CLEAR LAKE RY. CO.
O R G A N IZ A T IO N , ET C .— A trolley road. O perated sin ce J u ly 1897.
O w ns right o f w a y 33 feet w ide from Mason C ity to Clear L ake. 9 m iles.
L en gth of line w ith in and b etw een tw o cities, 17.6 m iles. H an d les all
freigh t com ing o v er Iow a C entral, C hicago A N orth W estern and C hicago
Great W estern ra ilw a y s b etw een Mason C ity and Clear L ake.
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to ck $ 2 0 0 ,0 0 0 _____________ f ......................................
$ 2 0 0 ,0 0 0 .......................
1st m ortgage $ 1 0 0 ,0 0 0 g o ld .4 -----. . 6 J-J 15
7 0 ,0 0 0 $ 3 ,0 0 0 y ’ly
In t. a t 111. T r. A S a v . B k ., C h ic., T ru stee.
N ew m ortgage $ 1 ,5 0 0 ,0 0 0 g f
1908
6 g J-J
7 2 ,0 0 0 J u ly 1 1948
($ 1 ,0 0 0 )-------------------------c * \ I n t. a t F irst T rust A S a v . B k .,C h ic ..tr u ste e .
B o n d s .— Of th e new bonds su fficien t are reserved to retire old bond s.
T h ey h ave no sin k in g fu nd , but are su b ject to call a t 103 on 60 d a v s ’ n o tice .
E A R N IN G S .— F or y ea r en d in g J u n e 30 1909, gross, $64,767; n et, $ 2 4 ,
577.
O F F IC E R S .— P r es., W . E . Brice; S ec. and G en. M gr., F . J . H anlon;
A u d ., G. E . P eck .
MATTOON C ITY , IL L .
MATTOON CITY RAILWAY CO.— tro lley road .
In S ep t. 1907 W . F . A v ey w as a p p o in ted receiver, fo llo w in g a w reck In
A ugust w hich resulted In th e loss of 17 liv es. V. 8 5 , p . 6 0 1 , 6 5 4 . In D ec.
1908 receiver w as d isch arged , th e co m p a n y resu m in g p ossession an d officers
elected as b elow . V . 8 8 , p. 52.
O R G A N IZ A T IO N .— Incorporated In 1901 In N ew H am p shire and com O R G A N IZ A T IO N .— Incorporated In Illinois In 1902. O w ns en tir e ca p
£ rises th e several lig h t, power and street railw ay properties In and acround ital stock of th e M attoon L ig h t, H ea t A Pow er C o ., said stock being d e
la n ch ester . T h e com p an y ow ns th e stock of th e M anchester E lectric C o., p osited under th e R y . C o.’s first m ortgago. T he Pow er co m p a n y has no
w hich con trols th e M anchester E lectric L igh t Co. and th e M anchester S treet bonded d eb t. F ranchises exp ire In 1924. In D ec. 1908 sto ck w as d e
R y .- also ow ns en tire $175,000 stock of th e M anchester A D erry S treet R y . creased from $ 5 0 0 ,0 0 0 to $ 3 3 0 ,0 0 0 .
In 1002 th e M anchester S treet R y . w as authorized b y th e N ew H am pshire
STOCK A N D b o n d s —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
R R . C om m , to Increase Its stock from $421,000 to $ 5 7 0 ,2 5 0 , to fund float S t o c k ,$ 3 3 0 ,0 0 0 t$ 1 0 0 )...................................................
$3 1 ,0 0 0 ............. .........
in g d eb t and p rovid e m ean s for new rolling stock ; accord in gly, 995 new
1st m tg e ., $ 3 3 0 ,0 0 0 g o ld / 1906
5 g J-J
3 2 0 ,0 0 0
S ee t e x t .
shares w ere Issued a i 150. I n J u lv 1903 $ 1 /4 ,0 0 i a d d itio n a l w as authorized
($1 ,0 0 0 ) . _____ _____ . c * ( J n t . a t 1st T ru st A S a v . B k . C hicago, T ru st.
and In Jan . 1905 $250 ,0 0 0 . On N o v . 12 1 9 '7 C om m , au thorized an
f 1006
5 g J-J
160,0 0 0 J a n . 1 1036
a d d itio n a l $275 ,0 0 0 s to c k , w hich w as Issued In J a n . 1909. T o ta l now R ef. A E x t. M tg e.. $ l,0 0 0 ,-< I n t. a t C olonial Tr. A S a v . B k .. C hic.. T ru st.
au th orized and Issued, $ 1 ,2 1 9 ,5 0 0 .
ono, gold i $ l ,000) . _ __c*t oi a t N a tio n a l City B a n k , N ew Y ork.
In J u n e 1906 M anchester T raction L igh t & Pow er acq u ired th e en tire
B o n d s .— T he first m tg e. b ond s are d u e $ lo ,0 0 ') a n n u ally on J a n . 1 from
8 2 0 0 ,0 0 0 (now $240,000) cap ital stock of th e Goffs Falls L itchfield A H udson 1008 to 1920, inclusive; rem aining $ 2 1 0 ,0 0 0 on Ja n . 1 1921.
These bonds
S tr e e t R y . (nam e ch an ged In F eb . 1907 to M anchester A N ash au S treet a te su b lect to call b eginning J a n . I 1909 a t 105 a n d Int. T h e ref. b ond s
R y .) an d Issued $350 ,0 0 0 sto ck to p a y for th e sam e an d to provid e co st of are all In h and s of co m p a n y and w ill be can celed .
Im p ro v em en ts, A c. S ee V . 82, p. 1380.
E A R N IN G S .— For llscal year en d in g J u ly 31 1908, gross, $ 1 10,000; n et,
In N o v . 1908 th e C om m , authorized th e M anchester T rac. L t. A P o w . Co. $50,000: Interest and ta x es, $28,000: surplu s, $ 2 2 ,0 0 0 .
to Issue $ 4 0 0 ,0 0 0 a d d itio n a l stock to tak e o v er th e sto ck s of the M anchester
R O A D — O perates 14 irlles o i track In and b etw een M attoon and C harles
A N a sh u a S t. R y . an d th e M anchester A D erry S t. R y . A t th e sam e tim e to n . 70 and 72 -lb . T rail. Staud ard g a u g e. A lso d oes electric lig h t and
th e C om m , au th orized an Increase of $40,000 In sto ck of th e form er com power business In M attoon.
p a n y and $ 5 0 ,000 Increase In latter c o m p a n y ’s s to c k . V . 8 7 , p . 1420.
O F F IC E R S .— P res., M. E. Sam psell; V .-P ., E. M. Mills; T reas. and G en.
F r a n c h i s e s p erp etu al.
M gr.. G eo. S . S h in n lck .— V . 8 5 , p. 6 0 1 , 654; V . 87, p. 1664; V . 8 8 , p. 52.
ST O C K —
D a te .
I n te r e s t.
O u ts ta n d in g
M a tu r ity .
Q-.I
$2 ,8 0 0 ,0 0 0 Oct 15*09,2%
S to ck , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......
M AUCH CH U N K , PA .
First consol m tge, $ 2 ,0 0 0 ,0 0 0 ,/
1901 5 g A-O
1 ,7 5 0 ,0 0 0 April 1 1921
gold ( $ 1 ,0 0 0 )___________ e * /Iu te r e st a t A m erican T ru st C o., B o sto n , T r.
CARBON TRANSIT CO—A trolley road.
M anchester E lectric L igh t Col
O R G A N IZ A T IO N .— Incorporated In J u ly 1908 In P e n n sy lv a n ia as a re
first m ortgage. $ 2 5 0 ,0 0 0 - ../
1807 5 g A-O
250,000 O ct. 1 1 9 1 7 o rgan ization or the Carbon S treet R y .s o ld a t foreclosure sn lcM a y lO 1908.
Goffs Falls L ltch A Hud 1st M l
1906 5 g J-D
2 0 0 .000 Ju n e 1 1926 P roperty Is b ein g Im proved by reco n stru ctio n , new eq u ip m en t, A c ., in
gold $300,000 ($ 1 ,0 0 0 )____/I n te r e s t a t A m erican T ru st C o., B o sto n , T r. clud in g th e d ev elo p m e n t of FlagstalT Park on F lagstaff M ountain, w hich Is
Man A Derry S t R y 1st m tg e ,l 1907
5 J-D
$125,000 D ec 1 1 9 2 7 800 feet a b o v e and o verlook s th e p ictu resq u e Mauch C hunk.
$ 5 0 0 ,000 ($ 1 .0 0 0 ). g u a r ___/I n t. a t A m erican T ru st C o., B oston , T ru stee.
STOCK A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
B o n d s .— O f th e new first con solid ated m ortgage $250,000 are reserved to
s t o c k , $ 1 5 0 ,0 0 0 ($50) ......................................................
$ 1 5 0 ,0 0 0 .......................
retire th e b ond s of th e M anchester E lectric L igh t C o. T he Goffs 1st m tg e $ 1 5 0 ,0 0 0 ($100 a n d / 1908
5 g F -A
1 5 0,000 A ug 1 1938
F a lls L itchfield A H u d son an d the M anchester A D erry S t. R y . bonds
$500) g o ld ---------------------c ’ j l n t . a t M auch Chunk T r. C o ., M aucn C hunk,
a re gu ar. prln. and Int. b y M an. T ra c ., L t. A P ow er Co.
I P a ., tru stee.
R O A D . -T h e (filler. n i roads c o n u o ile d com prise 0 8 .1 5 m iles of track ns
B o n d s .— M ay be called a t 105 and Int. on a n y Int. d a y a fter A ug. 1 1913.
follow s: M anchester S treet R y .. 37.24 miles; M anchester A N ash u a S t.
E A R N I N G S .— F irst y ea r o f op eration of new co m p a n y : G ross, $ 5 6 ,
R y . (form erly G ods F alls L ltch . A H u d . S t. R y.) 12.75 m iles: M anchester 060; n et, $ 9 ,8 9 9 .
A D errv S t. R v „ 8 .1 6 m 'les.
R o n d .— Com prises 12 H m iles of track: 24 cars.
D i v i d e n d s .— First d ivid en d of 3% on Ju ly 15 1901, In 1002. 6% ; In 1903
O f f i c e r s . — P res., V al. S m ith , W aynesboro: V .-P ., C. H . L a tta , B ethlo(chancred to q u a r tc r ly i, 7
% : In 1904, 6 % ; In 1905, 6% • In 1 9 0 6 .7 % - In
hem : S ec. an d M gr., J . F . G elscr, M auch Chunk; T re a s., J n o . M . W olff,
1 9 0 7 , 8 J^%- In 1908, 8% ; In 1909, J a n ., 2% ; A p r ., 2% ; J u ly , 2% ; O c t., 2% . W ayn esboro.
M AN CH ESTER, N. H.
MANCHESTER TRACTION, LIGHT & POWER CO.
M A Y N A R D , MASS.
CONCORD MAYNARD & HUDSON STREET R Y A trolley road.
O R G A N IZ A T IO N .— O rganized In Massachusetts March 27 1001. A c
qulred C oncord & C lin ton S treet R y . F e b . 1 1002. In J a n . 1008 R R . C om
m ission au thorized an Increase In stock from $175,000 to $ 2 0 0 ,0 0 0 , Issue
price to b e $100 per share. F r a n c h i s e s perpetual.
,
,
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
...............
$200,000
S to ck , $20 1,000 ($ 1 0 0 )............... ............
5 g J-J
2 0 0 ,0 0 0
J u ly 1022
1st m ortgage, $ 2 0 0 ,0 0 0 , gold l 1002
( $ 1 ,0 0 0 ) ...........................c& rjIn tere st a t A m erican T ru st C o., B o s ., T ru s.
"Current liabilities" A u g .3 i 1009____________________
3 7 ,100 --------------- R O A D .— O perate 13 m iles o f track b etw een C oncord, S to w , M aynard
a n d H udson: 7 open and 9 closed cars, 2 snow p low s and 1 con stru ctio n car.
E A R N I N G S .— For year en d in g S ep t. 30 1908, gross, $47,5 0 0 ; n e t,
$ 25,521; fixed ch arges, $16,031: surplu s, $9,4 9 0 .
O F F IC E R S .— P r es., C has. H . Persons; S e c ., BenJ. D erb y; T re a s.,
K ey es H a ll.— V . 75, p . 184, 611; V . 85, p. 1338; V . 8 6 , p . 1159; V . 8 7 , p . 9 6 .
M E A D V IL L E , PA .
M E A D V IL L E & C A M B R ID G E S P ’GS STREET R Y — A n electric road
S o l a .— R oad w as p urchased In 1909 u nd er foreclosu re o f refu n d in g
m tg e . b y th e refu n d in g m tg e. bondholders. N ew ow ners arc seek in g an In
d ep en d e n t en tran ce Into M eadvllle, w hich w ould be ch eap er th a n p resen t
c o s t o ver th e track s o f M eadvllle T raction .
STO C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
F irst m tge $ 3 00,000 ($500)1 1902
5-g J-D
$ 3 00,000 J u ly 1 1 9 3 2
g o ld ____________________ c * J In t. a t E q u lp tab le T r. C o., P ltts b ., tru ste e .
B o n d s .— T h e $300,000 bonds of 1902 are su b ject to call a fte r 20 years a t
105 an d In terest.
E A R N I N G S .— For year en d . D ec. 31 1908, gross, $ 45,267; n e t, $ 2 2 ,3 4 5 .
R O A D .— O perates 16.20 m iles of track b etw een M eadvllle and C am
bridge S p rin gs, form ing th e con n ectin g link b etw een M eadvllle and E rie.
7714 and 86 lb . T rail. C om m enced op erating J an . 15 1903
O F F IC E R S .— P r e s ., Jam es B ryan , P ittsb u rgh ; V .-P . and S e c ., M . F .
T e n n is. P ittsb u rgh ; T re a s., E . H . B air, G reensburg. O ffices, M ea d v llle,P a
V. » , p . 4 2 .
_______
MEM PHIS, TEN N .
M EM PH IS STREET R A IL W A Y CO.
r
„
., .
Oontrol is held by the A m erican C ities R a ilw a y & L igh t C o., w hich see
under Birm ingham .
. . _
,
O R G A N IZ A T IO N .— C hartered In T en n essee on March 28 1895 and co n
solid ated w ith th e C itizens' S t ., E a st E n d S t ., C ity & Sub u rb an and M em
p his « R aleigh Springs lines; franchises run u n til N o v . 1945. D oes th e
fc
en tire s treet railw ay b usiness o f th e c ity . Isidore N ew m an & S on o f N ew
York and N ew Orleans are fiscal a g en ts.
D e c i s i o n a s t o F a r e s . —On S ep t. 7 1907 th e Suprem e C ourt o f T en n essee
rendered a d ecision h old in g Invalid th e M alone ord in an ce p ro v id in g for
oertalu reduced fares. V . 85. p . 654. T h e Sup rem e C ourt h as a lso , It Is
s ta te d , confirm ed th e com p a n y 's fran ch ises in all resp ects, Including rig h t
t« charge llv e-cen t fare.
STO C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C o m .. $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................
$ 2 ,5 0 0 ,0 0 0 .......................
P r ef.. $2 ,5 0 0 ,0 0 0 5 %, cu m .,1
$ 1 0 0 ............................................ J ------5 Q-M
2 ,5 0 0 ,0 0 0 S e p t.’OO.l K %
C ons, m eg ., $ 1 0 ,0 0 0 ,6 0 0 .
11005
5 g J-J
7.394.000
Ju ly 1 1 9 4 5
gold (see t e x t ) .............. c*& rf in ter est a t C entral T ru st C o . . N . Y . T ru stee.
C its. S t . R R . 1st M ., ($1,000)1 1887
6gJJ
$ 0 06,000 J a n . 1 1910
g o ld , no s f, n ot re d _____ c*( In t. a t A m . E x . N a t. B k . o f .N . Y. and In
l M em phis, T cn n .
B o n d s .— O f th e $ 1 0 ,0 0 0 ,0 0 0 new b on d s, $906,000 are reserved to retire
Olt. S t. R R . b ond s and rem ainder for ex ten sio n s and Im p rovem en ts. T h ey
are In d en om in ation s of $1,000 coupon and $ 1 0 ,000 registered . A re n o t
su b jec t to call. S in k in g fund $ 2 5,000 per a n n u m , 1910-14; $ 3 0 ,0 0 0 ,
1915-19; $ 3 5 ,0 0 0 , 1920-24; $ 4 0 ,0 0 0 , 1925-29, and $ 5 0 ,0 0 0 , 1930-45. B on d s
In sin k , fu n d are k ep t a live. See V . 82, p . 628, 1496.
D i v i d e n d s .— On pref. s to c k 5 % paid sin ce Issuance up to an d Including
S ep t. 1900.
R E P O R T .— F or year en d in g D ec. 31:
O ross ea rn s.
N e t a fte r ta x e s
I n te r e s t.
S u r p lu s
1 9 0 8 ................
$1,6 2 7 ,0 4 8
$592,990
$421,437
$1 7 1 ,5 5 9
1907.....................................
1,604,384
597,233
4 0 4 ,8 2 2
192,411
1 9 0 6 . . ................................ 1 ,428,935
590,707
3 4 2,782
24 7 ,9 2 5
1 9 0 5 ..................................... 1 .1 14,022
461.472
274.893
186.579
R O A D .— O perates 110 m iles of track In M em phis and su b u rb s. R alls 60
to 80-lb . T and 60 to 107-lb . girder. 294 cars.
O F F IC E R S .— Pres, an d G en. M gr., T h os. H . Tutw lter; V .- P ., E . E .
W right; S e c . an d T re a s., W . H . B u rrou gh s.— V . 8 5 , p . 654; V . 8 8 , p . 564.
M E R ID IA N , MISS.
M E R ID IA N L IG H T & R A IL W A Y CO.
O R G A N IZ A T IO N .— Incorp orated in M ississippi In 1901 as a reorgan iza
tion o f th e M eridian S treet R y . O w ns and op erates th e M eridian Gas L igh t
C o. Shareholders on Ju n e 1 1907 au thorized an Increase In sto c k from
$ 1 ,0 0 0 ,0 0 0 to $ 2 .0 0 0 ,0 0 0 , to p rovid e for ex ten sio n s. V . 8 4 , p . 1428.
ST O C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on $ 1 ,5 0 0 ,0 0 0 .............................................................
$702,400 .......................
P ref 6 % n on-cum $ 5 0 0 ,0 0 0
____
__________
168,300 ___________
R ef m tge $ 7 5 0 ,000 gold ($ 5 0 0 / 1004
5 g M-S
741,000 Mch 1 1 9 4 4
and $ 1 ,0 0 0 ).................... -_ c (I n t. a t C ity B ’k and T r. Co , M obile tru stee.
B o n d s .— T h ere w ere $225,000 o f first 5s o u tsta n d in g , b u t th ese (w ith
th e ex c ep tio n of $ 1 ,0 0 0 , for w hich a new bond Is reserved) h a v e been d e
posited as collateral for th e new b on d s. A sin k in g fund o f 1 % o f bonds
o u tsta n d in g becam e op erative March 1 1906. Bonds are su b jec t to ca ll on
60 d a y s’ n otice a t 105.
E A R N IN G S .— T otal gross for 12 m on th s en d in g D ec. 31 1908, $202,657;
n e t, $66,803; Int. and ta x e s, $56,759; su rp lu s, $ 1 0,044.
R O A D .— 11 H m iles of track . E lectric d ep artm en t op erates 227 c ity a rcs,
18,000 Incandescent lam p s, 90 h .p . m otors and 120 com m ercial arc lig h ts.
O F F IC E R S .— Pres, and M gr., A . J . P a te rso n . Mobile; V .- P ., W . H .
A rm b rech t, Mobile; S ec. and T r e a s., C . S . W . P rice Jr.; M eridian; G en. M gr.,
A. B . P a te rso n .— V . 7 8 , p . 1109, 1223; V . 84, p . 1428; V . 8 7 , p . 8 1 3 .
R O A D .— O perates 12.84 m iles o f track ex ten d in g from M id d leto w n ,
N . Y ., to M idw ay P a r k , G oshen, Including sw itch es, tu rn o u ts. &c. R alls
6 5 -lb . T e x c e p t y , m ile o n ly o f 8 0 -lb . girder. S tand ard gau ge.
O F F IC E R S .— Pres, and G en. M gr., D e W ltt C. M cMonagle; V .- P ., C has.
A . K u n k el; S ec. & T r e a s., W . M. O g lesb y , H arrisburg, P a .—-V. 8 0 , p . 99 8 ,
1059, 1425, 23 4 6 .
_________
M ILFO R D , MASS.
MILFORD & UXBRIDGE STREET RY.—Trolley.
O R G A N IZ A T IO N .— Incorporated In M assach usetts In 1901. On J u ly
10 1902 co n so lid a ted b y p urchase o f en tire ca p ita l sto ck w ith th e Milford
H o lllsto n & Fram in gham S t. R y . In 1907 th e M ilford In v e stm e n t C o.
w as organized to finance th e flo a tin g Ind eb ted n ess o f th e Milford & U x b rid g e.
STO C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock $ 4 4 0 ,0 0 0 ($ 10 0) .............. ............................ .........
$ 4 4 0 ,0 0 0 1 9 0 7 -0 8 ,1 %
M. H o ll. & F ra m . 1st m tge. 1898 5 g J-J
165.000 Jan 1 1918
. $ 1 6 5 ,0 0 0 ($1,000) g o l d . . c “ Int. at Amer. Trust C o., Boston, Trustee.
MUf. & U x b . gold bonds 1902 5 g J-J
250.000 Jan 11918
$ 2 5 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld - .c Int. at Amer. Trust C o., Boston, Trustee.
M ill. I n v e st. C o. d eb ($100 ___
6 M-S
$200,000 Sept 1 1927
and $500)
------------------------- ------ ,Y aIe N at. Bank, New H aven, trustee.
N o t e s , p a y a b le S e p t . 30 1908.........................................
198,500 .....................
B o n d s .— The Milford Invest. Co. bonds are secured by an equal amount
of notes of the Milford & U xb. S t. R y. They are redeemable at par and
Int. on any Int. day.
E A R N IN G S.— For fiscal year end. Sept. 30 1908, gross. $156,309; net,
$48,146; fixed chgs., $43,541; dlv. (1% ), $4,400; surplus. $205.
R OAD.— Owns 36 miles of track, from So. Framingham to Uxbridge and
from Milford to Medway and H opklnton. Also controls Lake Nlpanuc
Park. 45 passenger cars, 8 snow plows and 3 mlscell.; 13d electric motors
O FFICE R S.— Pres., John T . Manson, New H aven, Conn.; V .-P ., J. WllV ;D o w n s, New H aveniT reas., J. E. Walker. Milford; Su pt., W . L. Adams,
Milford, Mass.— V. 74. p. 1308; V . 76. p. 102; V. 88, p. 375.
M IL L V IL L E , N. J.
MILLVILLE TRACTION.— A trolley road.
STOCK A N D BONDS—
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
Stock $175,000..................................................................
$175,000 .....................
1st mortgage $400,000 gold) 1894
5 g F-A
208,000
1914
...................o 'I Int. at Land T itle & Trust C o., P h lla., trust.
“ O th e r d e b t s ’ D e c 31 1908............................................
54 5 ,29
___
B o n d s . — N ot subject to call.
E A R N IN G S.— For calendar year 1 9 0 i, gross, $34,565; deficit fr o *
operation. $4,314:
ROAD.— Operates 12.55 miles of track In M illville, Vineland and tow n
ship of Landis, of which 8.67 miles put In operation In 1901.
OFFICERS.— Pres., George Wood; S ec., G. H . Thomas; T reas.. Daniel
0 . Lewis.
__________ _ _______
_
MILWAUKEE
M IL W A U K E E , W IS .
LIGHT. HEAT & TRACTION CO.—Incorporated
Dec. 1896. Owns and operates an extensive system of suburban and Inter
urban lines radiating from Milwaukee to Cudahy, South Milwaukee, Racine.
Kenosha. W auwatosa, North Milwaukee, W hltefish Bay. Fox Point, W est
Allis, W aukesha. Waukesha Beach. Oconomowoc, W atertown. Muskego
Lakes, Mukwonago, East Troy, Waterford, Rochester and Burlington.
The company, besides Its railway system , owns and operates electrlellght and power system s In Cudahy, South Milwaukee. Racine. W auwatosa.
East Milwaukee, W est Milwaukee and W est Allis. Was furnishing D ec. 31
1908 47,235 Incandescent lamps, 732 h. p. In motors, 541 arc lamps and >04
Nernst lamp glowers.
The capital stock Is practically all owned by The North American Co.
(see miscellaneous companies In “ Railway and Industrial” Section), la
April 1907 stockholders voted to Increase stock from $1,000,000 to $30,000,
000. V. 85, p. 160. $9,000,000 of new stock Issued up to Sept. 1909.
C ontrol P u rch a sed . — In 1907 purchased the $9,000,000 common stock of
The Milwaukee Electric R y. & Lt. Co. from The North American Co.
This was done In order to make Mil. Light, Heat <s Traction Co. the
S
controlling company Instead of The Milwaukee Elec. R y. & Lt. Co., as
was formerly the case. V. 86, p. 286
STOCK AND BONDS—
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
Common stock, $30,000,000......................_ _ ........ $10,000 000
See tex t.
Mllw Lt H and Tr Co 1st M gf 1899
5 g M-N
5.000.000 May 1 1929
guar$5,000,000 ($1,000) gc*\T rust Co. of America, New York, Trustee.
Mllw Lt H and Tr Co ref&extf 1907
5 ; J-D
6,189,000 June 1 1937
M g $30,000,000 ($1,000)--/M etropolitan Tr. Co., N . Y .. and Randolph
J R oam an. Trus. Int. at co’s N. Y . office.
Interest on the Milwaukee Light, Heat & Traction Co’s 1899 5% bonds
Is payable at company’s office, 30 Broad S t., N . Y . These bonds may be
called at 110 on any Interest date. They are guaranteed,principal and
Interest, by endorsem ent, by The Milwaukee Electric Railway & Light Co.
(V. 86, p. 1042). Of the new refunding and extension bonds. $2.500,0()0
additional can be Issued Immediately, and In June 1908 Wisconsin State R R .
Commission authorized company to Issue this amount. This will raise
outstanding amount to $7,500,000; up to Sept. 1909 $1,189,000 of $2,500,
000 had been Issued. $5,500,000 Is held to retire prior Hens. These bonds
may be called on any Int. day at 110 and Int. V. 84, p. 1183. First $13,
000,000 are to bear 5 % Interest and remaining $17,000,000 not over 5 % .
D iv id e n d s. — 10% per annum paid from 1904 to 1907: in 1907. 2%: In
1908, 3M % . None since.
ROAD.—Total mileage, exclusive of controlled Mllw. Elec. R y. & Lt. 0 « ..
was Sept. 1 1909, 209 miles. 80-lb. T rail. Owns 115 cars.
R E PO R T.— Fiscal year ending Dec. 31:
1908.
1907.
1908.
1907.
G ross— R a ilw a y ..$ 7 3 0 ,4 7 2 $7 0 4 ,5 5 7 O th er in co m e_____ $ 6 1 8 ,7 5 0 $ 3 4 6 ,1 4 7
EL l i g h t . . 1 22,255 121,574 T a x e s ............................. $5 1 ,1 6 3 $49 ,5 6 8
D e p r e c ia t io n _____ 8 5 ,2 7 3
74 ,3 5 2
T o ta l g ro ss.............$8 5 2 ,7 2 7 $826,131 I n te r e s t.................... 580 ,5 0 5 4 3 7 ,8 3 2
O per. e x p ., R y . &
D iv id e n d ____ (3 M )3 5 0 ,0 0 0 (2 )2 0 0 0 0 0
E leo. lig h t.......... 37 1 ,0 7 2 359,441
N e t e a r n i n g s . . . $ 4 8 1 ,6 5 5 $4 6 6 ,6 9 0 B a la n ce , s u r p lu s. $ 3 3,464 $51 ,0 8 5
O F F IC E R S .— P r es., G en. Mgr. and P u r. A g t ., Joh n I . B eggs; V .- P s .,
W m . N . C rom w ell, O. W . W etm ore and C has. F . Pfister; S e c ., S ilas W .
M ICH IGAN C IT Y , IN D ,
B u rt, N ew York: T re a s., G eo. R . S h eld o n , N ew Y ork; C o m p ., C. N . DufTy;
A sst. S ec. and A sst. T rea s.. F . J . B oeh m ; A u d ., G eo. W . K a lw eit. G en
CHICAGO L A K E SHORE & SOUTH B E N D R Y .
eral o ffice. P u b lic S ervice B ld g ., M ilw aukee. N ew Y ork o ffic e , 30 Broad
O R G A N IZ A T IO N .— O rganized In Ind iana D ec. 1901.
N o secu rities In h ands of p ub lic e x c e p t 60 eq u ip m en t b ond s. R est all S t ., N ew York C ity .— V . 8 5 , p . 160: V. 8 6 , p . 2 8 6 , 1042, 1529.
ow ned b y s y n d ic a te , w hich has used th em as collateral o n ly .
(1) The Milwaukee Electric Railway & Light C o.—
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
O R G A N IZ A T IO N .— S uccessor o f M ilw aukee S treet R y . C o. J a n . 29 1896.
$5 ,0 0 0 ,0 0 0 ....................... per plan In V . 6 0 . p . 1009. E m braces all th e s treet railw ay lines In M ilw au
C om m on, $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . ................................
P ref. $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).6 % n - c ........
...............
1 .000.000 ....................... kee. E n tire com m on sto ck Is ow ned b y th e M ilw aukee L ig h t, H e a t &
1st m tge, $0 ,0 0 0 ,0 0 0 ($1,000) J 1907
5 F-A 15
3 .5 0 0 .0 0 0 A u g 15 1947 T raction C o. T h e co m p a n y , b esid es Its str e e t railw ay s y ste m , o w n s and
g o l d ............................................ (In te rest a t C leveland T ru st C o., T ru stee.
op erates an electrlc-llg h t and pow er s y s te m . W as fu rn ishin g on D ec. 31
E q u ip m en t tru st, $ 3 5 0 , 0 0 0 . . / 1908
6%
3 5 0 ,0 0 0 S ee te x t
1908 2 6 9 ,1 7 6 Incandescent la m p s, 1 ,149 h . p . In m otors, 3 ,2 '9 arc lights
(C leveland T ru st C o., C levelan d. T ru stee.
and 7 ,0 2 7 N ern st lam p glow ers. C ontrols M ilw aukee C entral H ea tin g C o .,
B o n d s . — R em a in in g b ond s are reserved for fu ture ex ten sio n s and Im
o p era tin g a ce n tra l-sta tio n stea m -h ea t sy ste m In M ilw aukee.
p ro v em en ts. T h ey are su b ject to call a t 102 H a t a n y In t. p eriod. S in k ,
T h e railw ay franchises o f th e co m p a n y run u ntil D ec. 31 1934. V . 70
fu nd o f $ 5 0,000 per annum b ga n A u g . 15 1007 for ten years, th en 2% of p . 39 . E lectric light and pow er fran ch ises are unlim ited In tim e.
b ond s o u tsta n d in g u ntil m a tu rity . T h e eq u ip m en t tru sts cover 31 cars.
In A pril 1907 stock holders v o ted to Increase th e ca p ita l sto ck from $ 1 9 ,
T h ey m atu ro $50,000 an n u ally May 15 1910 to May 15 1916 Inclu sive.
500,001) to $ 2 4 ,5 0 0 ,0 0 0 . S ee V . 8 4 , p . 102, 22 1 , 339: V . 8 5 , p . 160.
R O A D .— O perates a to ta l of 60 H m iles b etw een S ou th Bend and H am
D e c i s i o n .— T h e W isconsin Suprem e C ourt J u n e 5 1908. reversin g th e low er
m ond; 5 X m iles H am m on d to P u llm an , ow n ed b y Illinois C entral R R ., co u rt, dism issed a ctio n b rou ght b y A ttorn ey-G en eral G ilb ert for rem oval
Is le a se d to C hicago Lake Shore & S ou th B en d . 70-lb . T rail.
o f officers o f co m p a n y for alleged w a stefu l use o f m on ey In secu ring e x te n
O F F IC E R S .— P r e s ., ----------------- ; V .- P ., F . B . W agner: S ec. a n d T re a s.,
sion o f co m p a n y ’s franchises In 1900. S ee V . 8 6 , p . 1467.
M. H . W ilson C leveland; G en. M gr., H . U. W allace.— V. 83, p. 212; V . 86 ,
STOCK A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g . D iv id e n d s .
p . 5 1 , 167, 420, 1528.
C om m on sto ck $ 2 0 ,0 0 0 ,0 0 0 -----Q-M
$ 9 ,0 0 0 ,0 0 0 S ep t’0 9 ,1 X
(par $ 1 0 0 )................................,
M ID D LETO W N , N. Y .
Preferred sto ck $ 4 .500.000 -----Q -F
4 ,5 0 0 ,0 0 0 N o v i '09
W A L L K IL L T R A N S IT CO.
6% n on-cum (par $ 1 0 0 )--,
5 g F -A
7 ,0 0 0 ,0 0 0 F eb 1 1 9 2 6
O R G A N IZ A T IO N .— Incorporated In N ew Y ork on March 30 1905 as T h e Mllw El R y & L t Co cons 1896
..... g o ld — c
m tg e $ 8 ,000,000 „ ----------- Central T r u st C o .. N ew Y ork , T ru stee.
successor, u nd er foreclosu re, to th e M lddlctow n-G oshcn E lectric R y . and th e
In terest p a y a b le a t co m p a n y ’s o ffic e . 30 Broad S t ., N . Y
M idd letow n -B loom sb u rg E lec. R y . S ee V. 80. p , 1059, 1425. C om pany
4 M g J-J
6 ,7 2 8 ,0 0 0 Jan 1 1931
w as placed In h ands of receiver O c t., 1908, on accou n t of a Judgm ent for T h e Mil E l R y & L t Co ref &I 1906
e x t m tg e $2 0 ,000,000 g o ld /T r u st C om p a n y o f A m erica , N ew Y ork ,
Injuries ob tain ed b y a m otorm an , b u t all Ind eb ted n ess h avin g b een paid o il,
( $ 1 ,0 0 0 ) ................................c*J T ru stee.
receiver w as discharged April 23 1909.
STOCK A N D B O N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k a n d B o n d s .— Consols o f 1896 a n d preferred sto ck are listed on
S tock $3 5 0 .0 0 0 ($50) - .......................................................
$350,000 ............. .........
th e N ew Y ork S to ck E x ch a n g e. O f th e n ew refu n d in g and ex ten sio n
1st m tge $350,00 0 gold ($ 1 0 0 ,/ 1905
5 g M -N
3 0 0 ,0 0 0 M ay 1 1935 b ond s, $ 7 ,0 0 0 ,0 0 0 are reserved for prior liens and $ 6 ,2 7 2 ,0 0 0 for ex ten $500 and $ 1.000) - .............c * \ I n t . a t C om 'w ’IthT r.C o..H arrisb u rg. 1 .iiste c
slo n s. a cq u isitio n s, A c ., at n ot ex c eed in g $ 1 ,0 0 0 ,0 0 0 per y ea r. B on d s are
B o n d s . — $50,000 reserved for fu tu re Im provem en ts.
A re su b jec t to call su b jec t to call on and after J a n . I 1916 a t 108 and Interest. S ee V . 81
a fter 10 years a t 105.
p . 1724, 1792; V . 8 4 . p . 50 8 .
E LEC TR IC RAILWAYS
()8
R O A D .— T o t a l t r a c k , 137 m ile s — a ll t r o lle y .
O w n s 3 9 8 c a r s.
A N N U A L R E P O R T .— F is c a l y e a r s e n d in g D e c . 31:
C a lendar year —
1008.
1907.
1906.
1905.
G r o ss r a il w a y ................. . . 5 3 ,2 2 3 ,1 8 0
5 3 ,2 2 1 ,9 1 2
5 2 ,9 7 3 ,4 4 3
5 2 ,6 6 9 ,8 4 7
L ig h t in g , A c .........................
6 7 5 ,3 5 9
6 0 1 ,4 7 0
5 4 9 ,9 9 5
5 5 6 ,6 8 8
G ro ss e a r n in g s _______ 5 3 ,8 9 8 ,5 3 9
O p e r a t in g e x p e n s e s ____
1 ,9 8 3 ,8 0 5
5 3 ,8 2 3 ,3 8 2
1 ,0 7 4 ,7 2 1
5 3 ,5 2 3 ,4 3 8
1 ,7 3 4 ,5 8 7
5 3 ,2 2 6 ,5 3 5
1 ,5 5 1 ,4 6 3
N e t e a r n in g s .................... 5 1 ,9 1 4 .7 3 4
O th e r I n c o m e ......................
9 2 ,5 6 6
5 1 ,8 4 8 ,6 6 1
8 3 ,2 8 3
5 1 ,7 8 8 ,8 5 1
1 5 5 ,7 0 1
5 1 ,6 7 5 ,0 7 2
1 2 2 ,1 6 1
5 1 ,9 3 1 .9 4 4
$ 1 ,9 4 4 ,6 4 2
$ 1 ,7 0 7 ,2 3 3
T o t a l ......................... ..........$ 2 ,0 0 7 ,3 0 0
O u t o f t h e n e t o f 5 2 , 0 0 7 ,3 0 0 fo r 1 9 0 8 . $ 2 3 3 ,9 1 2 w a s p a id fo r t a x e s ,
$ 3 8 0 ,8 5 4 r e s e r v e d fo r d e p r e c ia t io n , $ 5 7 3 ,4 3 5 p a id fo r I n t e r e s t , $ 2 7 0 ,0 0 0 for
p r e f. d l v s . (6 % ) a n d $ 5 4 0 ,0 0 0 fo r c o m . d l v s . ( 6 % ) , le a v in g su r p lu s o f $ 9 9 .
D iv id e n d .— R e g u la r q u a r t e r ly d i v id e n d s o f 1 4 % h a v e b e e n p a id o n t h e
p r e fe r r e d s in c e F e b . 1 9 0 0 . O n t h e c o m m o n s to c k In 1 9 0 3 , 4 % ; In 1 9 0 4 ,
5 % ; In 1 9 0 5 , 5% : In 1 9 0 6 , 6 % : In 1 9 0 7 , 6 % : In 1 9 0 8 , 6 % : In 1 9 0 9 ,
M a r ch , 1 4 % ; J u n e , 1 )4 % : S e p t ., 1 4 % .
O F F I C E R S .— S a m e a s t h e M ilw a u k e e L ig h t , H e a t & T r a c t io n C o .
G en
e r a l o f fic e , P u b lic S e r v ic e B u ild in g , M ilw a u k e e .
N e w Y o r k o f fic e , 3 0 B r o a d
S t ., N . Y . C i t y .— V . 8 5 , p . 16 0 ; V . 8 6 , p . 2 8 2 , 2 8 6 ; V . 8 7 , p . 1 0 11;
V . 88, p. 1561.
WISCONSIN TRACTION. LIGHT. HEAT & POWER CO.
O R G A N I Z A T I O N .— T h is c o m p a n y w a s in c o r p o r a te d a t M ilw a u k e e In
A u g . 1900 w it h a n o m in a l c a p ita l o f 5 1 0 ,0 0 0 ( sin c e In c r ea se d to $ 1 ,0 0 0 ,0 0 0 ) ,
fo r t h e p u r p o s e o f u n it in g c e r t a in p r o p e r tie s In t h e F o x R iv e r V a lle y .
S e c u r e d c o n t r o l o f t h e F o x R iv e r V a lle y E le c tr ic R y . a n d th e A p p le to n
E le c tr ic L ig h t A P o w e r C o ., a n d h a s c o n s o lid a t e d t h e m .
In S e p t . 1904
p u r c h a s e d e n t ir e c a p ita l s t o c k o f th e F o x R iv e r V a lle y G a s & E le c tr ic L ig h t
C o . a n d g u a r a n t e e s Its b o n d s , p r in c ip a l a n d I n t e r e s t .
See V . 7 9 , p . 7 8 7 .
1267
STO C K A N D 3 0 N D S —
D a te
In te re st. O u lsta n d ln a .
M a tu r ity .
.................
$ 6 9 9 ,4 0 0 ................... ..
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( 5 1 0 0 ) .........................
F ir s t m o r t g a g e , $ 3 ,0 0 0 ,0 0 0 / 1901
5 g J -J
1 ,0 0 0 ,0 0 0 J u ly 1 1931
($ 1 ,0 0 0 ) g o ld n o s in k f d . c ’ l I n t . a t M ilw a u k e e T r u s t C o ., M ilw ., T r u s t e e .
F o x R iv e r V a lle y first m t g e / 1901
5 g A -O
3 5 0 ,0 0 0 A p ril 1 1921
$ 3 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d — c ( M e r c h a n ts ’ L o a n A T r u s t C o ., C h ic ..T r u s t e e .
A p p le t o n G as L ig h t A F u e l _________
6
1 5 ,0 0 0 N o v . 1 191 4
B o n d s .— E n tir e Issu e o f W is c o n s in T r a c t io n , L ig h t H e a t A P o w e r G o.
b o n d s m a y b e c a lle d o n a n y I n te r e s t d a t e a t 1 1 0 a n d I n t e r e s t . T h e F o x
R iv e r V a lle y b o n d s are s u b j e c t t o c a ll a f te r A p r il 1 19 1 1 a t 1 0 5 a n d I n t e r e s t ,
E A R N I N G S .— F o r y e a r s e n d in g D e c . 3 1 ;
Y ea r —
G ross.
N e t.
O ther I n c . In te re st. S u r p lu s .
190 8 .................................................$ 2 6 5 ,2 9 0 $ 1 0 6 ,3 5 3
$ 8 ,3 7 6 $ 6 8 ,4 0 0
$ 4 6 ,3 2 9
1 9 0 7 ................................................. 2 4 6 ,4 5 2
9 3 ,9 7 0
8 .1 4 7
6 8 ,4 0 0
3 3 ,7 1 7
R O A D .— O p e r a te s 15 m ile s o f t r a c k , c o n n e c t in g N e e n a h , M e n a s h a , A p p le
t o n a n d K a u k a n a , a n d 5 m ile s l o c a lly In t h e c i t y o f A p p le t o n ; t o t a l , 2 0 n d le s .
O w n s e le c t r ic - lig h tin g p la n t s In A p p le t o n , N e e n a h a n d M e n a sh a a n d s u p p lie s
g a s t o N e e n a h , M e n a sn a a n d A p p le t o n .
O F F I C E R S .— P r e s .. J o h n I . B e g g s : V . P . , C h a s. F P fls te r . M ilw a u k e e;
S e c . a n d T r e a s ., — --------- —------------• — V . 7 9 , p . 7 8 7 , 1 2 6 7 .
M I L W A U K E E N O R T H E R N R Y .— An e le c t r ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In W is c o n s in In 1 9 0 5 . O p e r a te s In
te r u r b a n s y s t e m e n t ir e ly o n p r iv a te r ig h t o f w a y . 'F r a n c h is e In M ilw a u k e e
r u n s t il l 1 9 3 7 a n d p r o v id e s fo r 5 - c e n t s in g le f a r e s a n d t h a t 8 t ic k e t s b e s o ld
fo r a q u a r t e r w it h in c i t y l im it s .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... - ...................................$ 1 ,0 0 0 ,0 0 0
.........................
1 s t m tg e $ 4 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) 1 19 0 7
5 g F -A
2 ,5 0 0 ,0 0 0 A u g 1 1 9 3 7
g u l d _______________________c * j l n t . a t F i d e li t y T r u s t C o ., M llw .. t r u s t e e .
B o n d s .— R e m a in in g $ 1 ,5 0 0 ,0 0 0 c a n b e Is su e d w h e n ro a d Is c o m p le t e d t o
Fond du L ac.
N o t s u b j e c t t o c a ll .
V . 85, p . 601.
R O A D .— W ill b e 120 n d le s l o n g , r u n n in g n o r t h fro m M ilw a u k e e t o Ced a r b u r g . w h e r e It f o r k s , o n e b r a n c h e x t e n d in g t o S h e b o y g a n a n d t h e o t h e r
to F o n d d u L a c .
O p e r a te s 6 0 m ile s o f t r a c k , I n c lu d in g 6 4 m ile s In M il
w a u k e e , b e t w e e n M ilw a u k e e , C e d a r b u r g a n d S h e b o y g a n .
T h e F on d du
L a c D iv is io n It Is p la n n e d to c o m p le t e a s fa r a s W e s t B e n d In 1 9 1 0 .
G auge,
4 f t . 8 4 In. 7 0 - lb . T r a il.
O F F I C E R S .— P r e s ., W m . A C o m s to c k ; V . - P . , F . W . W a lk e r; S e c . a n d
T r e t is ., H e n r y A . H a ig h ; G e n . M g r ., B . G . B r o a d .— V . 8 4 , p . 1 3 6 7 , 1428;
V . 85, p. 601.
___
MINNEAPOLIS, MINN.
TWIN CITY RAPID TRANSIT—An electric road.
O R G A N I Z A T I O N .— O r g a n iz e d u n d e r t h e la w s o f t h e S t a t e o f N e w J e r s e y
J u n e 3 1891 a m i b y v ir t u e o f Its s to c k o w n e r s h ip o f t h e u n d e r ly in g c o m
p a n ie s ( to w i t . T h e M in n e a p o lis S t r e e t R a ilw a y C o ., T h e S t . P a u l C ity R a il
w a y C o ., t h e M in n e a p o lis L y n d a le & M in n e to n k a R a ilw a y C o . a n d t h e
M lu n ta p o lls A S t . P a u l S u b u r b a n ) c o n t r o ls a n d o p e r a te s t h e e n tir e s tr e e t
r a ilw a y s y s t e m of M in n e a p o lis , S t . P a u l, S t illw a t e r , a n d lin e s to E x c e ls io r ,
T o n k a B a y a n d D c e p h a v e n a t L a k e M in n e to n k a .
In 1 9 0 6 a b s o r b e d th e
N o r th S id e S t r e e t R v f R o h b ln s d a le lin e ) a n d t h e S t . L o u is P a r k lin e ,
V . 83, p. 1472.
In 19 0 5 a r tic le s o f I n c o r p o r a tio n w e r e a m e n d e d s o a s to
m a k e t h e c h a r te r p e r p e tu a l.
V . 8 0 , p . 1914.
F ra n ch ise a n d F a res . — M a y o r H a y n e s o f M in n e a p o lis o n F e b . 18 1907 sig n e d
a n o r d in a n c e r e q u ir in g s t r e e t r a ilw a y s t o s e ll s ix fa re s fo r 25 c e n t s . V . 8 4 , p.
4 5 1 , 309O n A u g . 24 1 0 0 7 , h o w e v e r , J u d g e L o c h r e n o f t h e U . S . C ir c u it
C o u rt g r a n te d a p e r m a n e n t I n ju n c tio n a g a in s t e n fo r c in g t h e o r d in a n c e (se e
V. 85 p . 5 3 2 ).
This d e c is io n Is c la im e d to s u s ta in t h e c o m p a n y ’s r ig h t t o a
5 0 - y e a r fr a n c h is e from J u ly 1 1 8 7 3 .
S ettle m en t w ith C ity of S t. P a u l .— F o r d e c is io n a s t o r ig h t t o b u ild n e w
lin e s In S t . P a u l, s e e V . 7 0 , p . 2 7 1 , 2 0 8 7 , a n d for s e t t le m e n t w it h C ity o f S t
P a u l b y w h ic h th e c it y r e lin q u is h e s Its r ig h t o f a p p e a l fro m t h is d e c is io n a n d
t h e c o m p a n y a g r e e s to p a y In to t h e c it y tr e a s u r y a g r o s s e a r n in g s t a x o f 6 %,
see V . 8 0 . p . 1175.
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
T w in C ity R a p id T ra n s it —
C o m m o n s t o c k , $ 2 2 ,0 0 0 ,- 1
0 0 0 (p a r $ 1 0 0 ) ....................( ______
5 Q -F
$ 2 0 ,1 0 0 ,0 0 0 N o v . 1 5 ’09.1 H
P r e fe r r e d s to c k , c u m u la t iv e !
$ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............... /
1895
7 Q -J
3 ,0 0 0 ,0 0 0 O c t .’0 9 ,1 %
M in n e a p o lis Street R a ilw a y C o .—
1st M g red a t 105 y e a r ly ___ 1 8 8 0
7 g M -N
9 0 ,0 0 0 N o v . 1 191 0
S e c o n d m tg e g o ld _____ c * A r
18 8 3
6 g M -N
6 0 0 .0 0 0 N o v . 1 1913
F ir st c o n s M g $ 5 ,0 0 9 ,0 0 0 c* 1 8 8 9
5 g J -J 15
4 ,2 0 8 ,0 0 0 J a n . 15 1 9 1 9
S t. P a u l C ity R a ilw a y C o . —
F ir s t m tg e o n real e s t a t e A / 1 8 8 2
6 g A -O
2 2 1 .0 0 0 A p ril 1 1932
h o r s e -c a r fr a n c h is e _____ ( E x c h a n g e a b le a t 105 for ilr st c o n s o lid a t e d .
F ir s t c o n s o l m tg e g o ld ............ 1881
6 g A -O
4 5 6 ,0 0 0 O c t . 1 1934
C ab c o n s g o ld (see t e x t ) ____ 1 8 8 7
5 g J -J 15
3 ,7 0 8 ,0 0 0 J a n . 15 19 3 7
M in n e a p o lis & S t. P a u l S u b u rb a n R y .—
1st M g $ 5 0 0 ,0 0 0 , g u a r b y /
1 8 9 9 5 g M -S
5 0 0 ,0 0 0 S e p t . 1 19 2 4
T w C y R T A S t P C y . c * / I n t e r e s t a t C e n tr a l T r u s t C o ., N . Y ., T r u s t e e .
M in n S t. A S t. P a u l C ity R y .—
J o in t Issu e g e n e r a l m o r t /
1901 5 g J - J
2 5 3 ,0 0 0 J a n . 1 1911
$ 1 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) g - . c l I n t . p a y a b le a t C e n tr a l T r . C o ., N . Y ., T r u s .
J o in t c o n s o l m tg e $ 1 0 ,0 0 0 ,- / 190 3
5 g A -O
9 ,4 6 4 0 0 0 O c t. 1 1928
0 0 0 ( $ l. 0 0 0 ) g u n A l - . c * l C e n tr a l T r u s t C o . o f N e w Y o r k . T r u s t e e .
A ll b o n d s are fo r $ 1 ,0 0 0 e a c h , a n d , w ith th e e x c e p t io n o f th e M in n e a p o lis
A S t . P a u l S u b u r b a n R y . a n d t h e t w o J o in t Issu es (o f 1901 a n d 1 9 0 3 ),
I n te r e s t Is p a y a b le a t F a r m e r s ’ L o a n A T r u s t C o ., N e w Y o r k .
S to c k .— In M ay 1902 s to c k h o ld e r s w e r e g iv e n a t p a r $ 1 ,5 0 1 ,0 0 0 a d d itio n a l
S to c k (V . 7 4 , p . 1 0 3 9 ) , In J u n o 1 9 0 5 $ 1 ,0 0 0 ,0 0 0 a t p a r (se e V . 8 0 , p . 2 4 0 0 ) ,
a n d In J u n e 1906 $ 2 ,1 0 0 ,0 0 0 a t p a r (se e V . 8 2 , p 1 2 6 9 ) . T h is l a s t m a k e s
o u t s t a n d in g s t o c k $ 2 0 ,1 0 0 ,0 0 0 .
D iv id e n d s .— A ll d iv id e n d s o n p r e fe r r e d t o a n d I n c lu d in g O c t. 1 19 0 9
(1 M %) h a v e b e e n p a id .
F ir st d iv id e n d o f 1 % w a s p a id on t h e c o m m o n
s t o c k In A u g . 1899; In 1 9 0 0 , 3 % ; In 1 9 0 1 , 3 4 % : In 1 9 0 2 , F e b ., 2 %;
c h a n g e d t o q u a r te r ly a n d 1 4 % p a id M ay 1 9 0 2 ; A u g ., 1 H %; N o v ., 1 u %•
In 1 0 0 3 , 5 % ; In 1 9 0 4 , 5% ; In 1 9 0 5 , 5 %: ill 1 9 0 6 , 5 % : In 1907 5 %• In 1908
5 % ; In 1 9 0 9 , F e b ., 1 4 % ; M a y , 1 4 % ; A u g ., 1 4 % : N o v ., 1 4 % .
'
B o n d s . — T h e M in n e a p o lis Street R a ilw a y Co. J o in tly a n d s e v e r a lly w ith
t h e M in n e a p o lis L y n d a le A M in n e to n k a R a ilw a y C o ., Issu ed $ 5 ,0 0 0 ,0 0 0 5 %
3 0 - y e a r fir st m o r tg a g e a n d first c o n s o lid a t e d m o r tg a g e g o ld b o n d s , o f w h ic h
$ 6 9 0 ,0 0 0 a r e h e ld In t r u s t b y t h e F a r m er s' L o a n A T r u s t C o m p a n y to
r e d e e m t h e $ 8 9 0 ,0 0 0 p r io r lie n b o n d s .
Bee s t a t e m e n t t o N e w Y o r k S to c k
E x c h a n g e In J u n e 1 8 9 5 . T h e c o n s o ls a r e a ls o lis t e d In L o n d o n . V . 6 0 , p . l l 4 9 .
T h e S t- P a m C ity R a ilw a y C o . h a s Issu ed $ 4 .3 8 « ,0 0 0 5 % 5 0 - y c a r cable con
solidated bonds d n c lu d ln g $ 6 8 0 ,0 0 0 h eld b y t h e F a r m e r s ’ L o a n A T r u s t C o .
t r u s t e e , t o r e d e e m t h e $ 6 8 0 ,0 0 0 p rio r lie n b o n d s a b o v e ) ; lim it fix e d b y t h is
| V O L . L X X X IX ,
m o r t g a g e w a s $ 5 ,5 0 0 ,0 0 0 , b u t b y t h e J o in t c o n s o lid a t e d m o r t g a g e o f 1 9 0 3
n o fu r th e r u n d e r ly in g b o n d s c a n be p u t o u t .
V. 77, p. 2281.
P art o f
t h e s e c a b le c o n s o ls ( $ 1 ,1 3 8 .0 0 0 ) a r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t ,
b y e n d o r s e m e n t o f T w in C ity R a p id T r a n s it C o .
S ee sta te m e n t to
N e w Y o r k S t o c k E x c h a n g e In J u n e 1 8 0 5 .
V . 60, p. 1150.
O f t h e fir st c o n
s o lid a t e d m o r tg a g e o f t h e S t . P a u l C it y , $ 2 2 4 ,0 0 0 w ere h e ld J a n . 1 9 0 2 b y t h e
F a r m e r s ’ L o a n A T r .C o . t o b e e x c h a n g e d fo r t h e $ 2 2 4 ,0 0 0 fir st m t g e .b o n d s .
T h e M in n e a p o lis S treet R y . A S t. P a u l C ity R y . c o n s o lid a t e d m o r t g a g e o f
1 9 0 3 Is a J o in t is s u e o f t h e M in n e a p o lis S t r e e t R y . a n d t h e S t . P a u l C it y R y .;
$ 1 , 0 0 0 ,0 0 0 w e r e r e s e r v e d ($ 7 4 7 ,0 0 0 o f t h is a m o u n t h a v e b e e n Issu ed ) t o
r e tir e t h e J o in t g e n . m t g e . o f 1 9 0 1 , w h ic h t h e n e w m t g e . b in d s t h e c o m p a n y
t o p a y a t m a t u r it y . R e s t r e se r v e d fo r n e w c o n s tr u c t io n , a d d it io n s a n d Im
p r o v e m e n t s a t 9 0 % o f c o s t . G u a r a n te e d a s to p r in c ip a l a n d I n t e r e s t b y
e n d o r s e m e n t b y T w in C ity R a p . T r a n . C o. (se e V . 7 7 , p . 2 2 8 1 a n d 2 3 4 0 ) .
N o u n d e r ly in g b o n d s c a n b e e x t e n d e d , b u t m u s t be p a id o lf a t m a t u r i t y .
R O A D .— C o n sis ts o f 3 6 8 .3 9 m ile s o f s ta n d a r d g a u g e r o a d . I n c lu d in g fo u r
In te r u r b a n lin e s c o n n e c t in g t h e b u s in e s s c e n tr e s o f M in n e a p o lis a n d S t . P a u l,
a n I n te r u r b a n lin e o f 2 2 m ile s c o n n e c t in g S t . P a u l a n d S t illw a t e r , a n d lin e s
t o L a k e M in n e to n k a .
O n t h e p r in c ip a l s tr e e t s o f t h e c it ie s 9 0 -Ib . T ra il w ith w e ld e d J o in ts a n d
I m b e d d e d In c o n c r e te w a s u s e d .
P ow er .— T h e c o m p a n y le a s e s w a t e r -p o w e r a t S t . A n t h o n y ’s F a lls ( c a
p a c it y 1 0 ,0 0 0 b . - p . ) , w h ic h p o w e r is n o w u s e d lit c o n j u n c tio n w it h o o w e r
g e n e r a te d a t n e w s t e a m p o w e r p la n t t o r u n t h e e n t ir e r a ilw a y s y s t e m In
b o th c it i e s .
See V . 0 4 , p . 70 4 .
A N N U A L R E P O R 1 — F is c a l y e a r e n d s D e c . 3 1 . R e p o r t for 1 9 0 8 w a s In
’.
V . 8 8 , p . 7 4 4 , s h o w in g r e s u lts o n t h e e n t ir e p r o p e r ty a s fo llo w s :
1908.
1907.
1906.
R e v e n u e p a s s e n g e r s c a r r ie d ________ .1 2 3 ,5 0 8 , 3 8 8 1 1 7 ,4 1 4 ,6 4 7 1 0 9 ,1 9 4 ,9 8 5
3 5 ,2 6 1 ,8 2 3
3 1 , 5 3 3 ,8 4 6
T r a n s fe r p a s s e n g e r s c a r r ie d --------------- . 3 9 ,8 3 0 ,2 2 5
$ 6 ,0 2 0 ,5 4 2
$ 5 ,5 9 2 ,0 7 9
R e c e ip t s fr o m p a s s e n g e r s ----------------- . $ 6 ,3 3 3 ,2 9 7
3 5 ,2 0 1
5 2 ,9 0 9
6 6 ,2 1 3
R e c e ip t s fr o m o t h e r s o u r c e s _______
T o t a l r e c e i p t s ............................................ . $ 6 ,3 9 9 ,5 1 0
O p e r a tin g e x p e n s e s ___________________ . $ 2 ,8 8 2 ,2 8 2
4 8 ,0 0 0
I n s u r a n c e - ------------------------------------------- .
I n j u r ie s a n d d a m a g e s _____ __________ .
2 3 5 ,7 7 4
$ 6 ,0 5 5 ,7 4 3
$ 2 ,7 2 9 ,3 0 4
4 8 ,0 0 0
2 0 3 ,1 3 2
$ 5 ,6 4 4 ,0 8 8
$ 2 ,4 2 4 ,8 5 7
4 8 ,0 0 0
2 0 2 ,5 2 2
T o t a l o p e r a t in g _____ ______________ - $ 3 ,1 6 6 ,0 5 6
$ 2 ,9 8 0 ,4 3 6
$ 2 ,6 7 5 ,3 7 9
N e t e a r n in g s -------------------------------------- _ $ 3 ,2 3 3 ,4 5 4
I n t e r e s t a n d t a x e s ___________________ - $ 1 ,3 5 9 ,3 6 3
2 1 0 ,0 0 0
D iv id e n d s o n p r e fe r r e d s to c k ( 7 % ) . .
1 ,0 0 5 ,0 0 0
D lv ld e n d s o n c o m m o n s t o c k ( 5 % ) . .
$ 3 ,0 7 5 ,3 0 7
$ 1 ,2 2 3 ,1 7 1
2 1 0 ,0 0 0
1 ,0 0 5 ,0 0 0
$ 2 ,9 6 9 ,6 0 9
$ 1 ,1 3 7 ,4 2 7
2 1 0 ,0 0 0
9 5 2 ,5 0 0
T o t a l . ........................................... - ................ . $ 2 ,5 7 4 ,3 6 3
B a la n c e , s u r p lu s _________ ______ _____ . * $ 6 5 9 ,0 9 1
$ 2 ,4 3 8 ,1 7 1
* $ 6 3 7 ,1 3 6
$ 2 ,2 9 9 ,9 2 7
* $ 6 6 9 ,6 8 2
• I n 1 9 0 8 $ 5 4 4 ,0 0 0 w a s a p p r o p r ia te d fro m t h is a m o u n t fo r r e n e w a l f u n d s
a g a in s t $ 5 0 6 ,0 0 0 In 1 9 0 7 a n d $ 4 8 2 ,0 0 0 In 1 9 0 6 .
O F F I C E R S .— P r e s ., C a lv in G . G o o d r ic h ; V .- P . A G e n . M g r ., W . J .
H le ld ; S e c . A C o m p ., E . S . P a t te e ; A u d ., D . J . S tr o u s e ; T r e a s ., E . A .
C r o s b y .— V . 8 6 , p . 2 8 7 , 4 2 2 , 59 9 ; V . 8 7 , p . 1480; V. 8 8 , p . 50 7 ; 6 8 7 , 7 4 4 , 7 5 0 .
MOBILE, ALA.
MOBILE LIGHT & RAILROAD.—Trolley.
O R G A N I Z A T I O N .— A c o n s o lid a t io n on S e p t . 1 1901 o f t h e M o b ile L ig h t
A R a ilr o a d a n d t h e M o b ile S t r e e t R R .; t h e fra n ch ise s o f b o th c o m p a n ie s
w e r e e x te n d e d o n S e p t . 12 1901 t o M a rch 12 1 9 5 5 . S e e V . 7 3 . p . 6 1 6
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,2 5 0 ,0 0 0 (p a i $ 1 0 0 ) .................
..... . .
$ 2 ,2 5 0 ,0 0 0 A u g . ’0 9 , 4 %
F ir st m o r tg a g e g o ld ( $ 1 ,0 0 0 ) . /
1897
5 g .T -D
4 0 0 ,0 0 0 J u ly 1 1937
l i n t , a t F a r m e r s L o a n A T r u s t C o ., N . Y
M o b ile S t r e e t R R first m t g e f 1 8 9 3
3 g M -N
3 0 0 ,0 0 0 M ay l 1923
g o ld , $ 3 5 0 .0 0 0 ___________c* ( F a r m e r s ’ L o a n A I’r u s t C o ., N . Y . , T r u s t e e .
( I n t e r e s t a t N a t io n a l C ity B a n k , N e w Y o r k
C o n so lid a te d m o r t g a g e , g o ld / 1901
5 g M -S
1 ,4 0 5 ,0 0 0 S e p t . 1 1941
($ 1 ,0 0 0 ) $ 2 ,2 5 0 ,0 0 0 . . _ e * |I n t c r e s t a t N e w Y o r k T r u s t C o ., N . Y ., T r u s .
B o n d s .— O f th e $ 2 ,2 5 0 ,0 0 0 m t g e ., $ 7 0 0 ,0 0 0 r e s e r v e d fo r p r io r lie n s , $ 4 5 ,
0 0 0 a r e In tr e a s u r y o f c o m p a n y ; b a la n c e , $ 1 0 0 ,0 0 0 h a v e n o t b e e n c e r tifie d .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 5 6 3 ,7 2 8 ; In 1 9 0 7 , g r o s s ,
$ 6 1 4 ,7 4 4 ; In 1 9 0 6 , g r o s s , $ 5 5 4 ,4 7 1 .
D iv id e n d s . — D I v .— 4 % — A u g . 1 1 9 0 9 .
R O A D , A c .— O w n s 5 8 .1 9 m ile s o f tr a c k In M o b ile a n d e x t e n s io n s t o M a g a
z in e P o i n t . S p r in g H ill, W h is tle r a n d M o n ro e P a r k .
C o m p a n y a ls o o w n s
" M o n r o e P a r k ” a n d w a t e r p o w e r a n d 3 2 0 a c r e s o f la n d .
O F F I C E R S .— 'P r e s ., J . H . W ils o n ; S e c . a n d A u d ., L lo y d L y o n ; T r e a s ..
C . W h ite S p u n n e r .— V . 8 6 . p . 1 5 2 9 .
MONMOUTH, ILL.
ROCK ISLAND SOUTHERN RAILROAD CO.— An electric and steam
road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is u n d e r t h e s te a m la llroA d
la w o n A p r il 25 1 9 0 5 .
H a s p r iv a te r ig h t o f w a y b e t w e e n c it ie s a n d th r o u g h
M o n m o u th .
S T O C K A N D B O N D S .—
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 .5 0 0 ,0 0 0 ...................................................................
$ 1 ,6 0 0 ,0 0 0 .........................
1 s t m tg e $ 2 ,5 0 0 ,0 0 0 g o l d / 19 0 8
5 g J -J
1 ,6 0 0 ,0 0 0 J a n
11947
( $ 1 , 0 0 0 ) ........................... .............J l n t . a t A ir.cr. T r . A S a v . I lk . C h ic a g o , T r u s ,
B o n d s .— A d d it io n a l b o n d s m a y b e Issu e d fo r p u r c h a s e o f c o n n e c t in g r a il
r o a d s w h e n n e t e a r n in g s a r e 1 4 t im e s I n t e r e s t o n b o n d s Issu ed a n d t o b e
Is su e d .
B o n d s a r e s u b j e c t to c a ll a f t e r 5 y e a r s a t 105 a n d I n t e r e s t . S e e
V . 8 4 , p . 10 4 .
R O A D .— I s a lm o s t c o m p le t e , e q u ip p e d w it h e le c t r i c it y , a n d w ill b e in
o p e r a tio n b y J a n . 1 1 9 1 0 b e t w e e n R o c k I s la n d , A lc d o a n d M o n m o u th , w ith
c o n n e c tio n s fo r D a v e n p o r t , l a . , M o lin e a n d G a le s b u r g , III. T h a t p a r t o f
r o a d b e t w e e n R o c k I s la n d a n d P r e e m p t io n , III., Is le a s e d fro m t h e C h ic a g o
R o c k I s la n d A P a c ific R y . C o .
R e m a in d e r o f ro a d to R o c k I s la n d e x p e c t e d
to b e c o m p le t e d In 1 9 0 9 . 7 5 - lb . r a ils .
I s o p e r a te d b y e le c t r i c it y fo r
p a s s e n g e r s a n d b y s t e a m fo r f r e ig h t .
O F F I C E R S .— P r e s ., E . C. W a lsh ; V . - P ., M . A . W a lsh ; S e c . a n d T r e a s .,
J . W . W a lsh ; G e n . M g r ., W . W . M c C u llo u g h .— V . 8 4 , p . 5 2 , 1 0 1 .
MONTGOMERY, ALA.
MONTGOMERY TRACTION CO.— A trolley road.
In N o v . 1908 c o n t r o l c h a n g e tl h a n d s , R ic h a r d T IllIs o f M o n t g o m e r y
b u y in g o u t th e P h ila d e lp h ia s y n d i c a t e w h ic h h e ld c o n t r o l.
V. 87, p. 1358.
I n 19 0 9 s to c k w a s d e c r e a s e d fro m $ 2 ,0 0 0 ,0 0 0 to $ 1 , 0 0 0 ,0 0 0 ( V . 8 8 , p.
3 7 5 ) a n d fu n d e d d e b t r e d u c e d t o a m o u n t s h o w n b e lo w .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... ..
- ...............
$ 1 ,0 0 0 ,0 0 0 .............. ...........
1 st m tg e $ 1 ,0 5 0 ,0 0 0 ( $ 1 ,0 0 0 )1 1 9 0 5
5 g A -O
7 0 0 ,0 0 0 A p ril 1 1 9 5 5
g o lil s in k in g fu n d ______c * / I n t . a t R e a l E s t . T r u s t C o .. P h l la . , T r u s t e e
M o n t . S t r e e t R y 1 st m t g e l 18 9 3
6 g F -A
3 5 0 ,0 0 0
1923
$ .1 5 0 ,0 0 0 g o l d .......................... . / I n t . a t F a r m e r s L . A T. Co., N. Y ., T r u s t e e .
B o n d s . - - b t th e M o n t. 'Ir a n . C o ., b o n d s , $ 3 5 0 ,0 0 0 a r e r e se r v e d for p r io r
lie n s .
A s in k in g fu n d o f 1 % o f b o n d s o u t s t a n d in g c o m m e n c e s In 19 1 1 a n d
r u n s t o 1 9 2 0 , t h e r e a f t e r 2 % per a n n u m .
B o n d s a r c n o t s u b j e c t t o c a ll .
R O A D .- O p e r a te s a b o u t 41 m ile s o f t t a c k In M o n tg o m e r y a n d t o P i c k e t t
S p r in g s .
S ta n d a r d g a u g e ; 7 0 -lb . T a n d 95 lb . g ir d e r ra il.
O F F I C E R S .— P r e s ., R a y R u sh to n ; S e c ., H . F . C r e n s h a w .— V . 8 1 . p.
1 7 9 2 ; V . 8 2 , p . 9 2 9 ; V . 8 7 , p . 1 3 58; V . 8 8 , p . 3 7 5 .
MORRISTOW N, N. J.
MORRIS COUNTY TRACTION.—An electric road.
O R G A N I Z A T I O N .— I n c o r p o r a te d in N e w J e r s e y In 1 8 9 9 .
C h a r te r
g i v e s c o m p a n y r ig h t o f e m in e n t d o m a in .
B u ilt m o s t ly o n p r iv a te r ig h t o f
w ay.
F ra n ch ises th r o u g h t o w n s a r c p e r p e tu a l.
STO C K A N D B O N D S —
D ate.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................
$ 2 ,0 6 7 ,5 0 0 .........................
1 st m tg e . $ 3 ,0 0 0 ,0 0 0 ( $ 1 .0 0 0 ) / 1 9 0 5
5 g J -D 1 5
1 .9 3 2 ,0 0 0 J u n c l.5 1 0 3 5
g o l d ____________ ______ c * A r / T r u s t C o . o f A m e r ic a , N . Y . . T r u s t e e .
I n t . a t N a t . Iro n B a n k , M o r r is to w n .
B o n d s .— A re s u b j e c t to c a ll a t 1 1 0 a u d In te r e s t.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s, $ 7 5 ,5 3 7 ; n e t , $ 2 0 ,5 4 9
I n 1 9 0 7 , g r o ss, $ 6 7 ,0 9 2 ; n e t . $ 2 0 ,1 2 8 .
R O A D . — Is t o b u ild 75 m ite s o f road from E liz a b e t h , N . J . , t o N e t c o n g ,
w ith a b r a n c h from D e n v lllc t o P a te r s o n a n d o t h e r b r a n c h e s .
3 4 .4 8 m ile s
o f tr a c k Is s a id to b e c o m p le t e d a n d 15 m ile s a r e b e in g o p e r a te d .
G auge,
4 f t . 8 4 In. 7 0 - lb . T ra il In c o u n t r y , 8 0 - lb . g ir d e r In c it i e s .
O F F I C E R S .— P r e s ., D a v h l G rln g , N e w p o r t, P a ., S e c . A T r e a s ., A . XV.
D u n k le , H a r r is b u r g , P a .; G e n . M g r ., I t. M . G r ln g , M o r r is to w n .
MOUNT HOLLY, N. J.
BURLINGTON COUNTY RAILWAY CO.—Trolley.
R e c e iv e rsh ip .— O n S e p t . 7 1 9 0 9 .John G . IJ o r n e r o f M t. H o lly w a s a p
p o i n t e d r e c e iv e r .
V . 89, p. 065.
I n t . d u e S e p t . 1 19 0 9 d e f a u lt e d .
For
b o n d h o ld e r s ’ c o m m i t t e e s e c V . 8 9 , p . 2 8 4 .
O R G A N I Z A T I O N .— i s a c o n s o lid a t io n In A u g u s t 1 9 0 4 o f th e B u r lin g to n
C o u n ty T r a c tio n C o ., t h e M o u n t H o lly S t r e e t R y . a n d t h e P e o p le 's T r a c tio n
C o.
V . 79, p .7 8 5 .
F r a n c h is e s a re fo r 99 y e a r s fr o m 1902
S T O C K A N D B O N D S .—
D ate.
Interest, o u ts ta n d in g .
M a tu r ity .
S t o c k $ 5 5 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
f 4 8 4 ,7 9 0 ...................... ..
1 s t m tg c $ 5 5 0 ,0 0 0 g o ld ($5001 1 0 0 4
5 g M -S
4 7 5 ,0 0 0 S e p t 1 1934
a n d $ 1 , 0 0 0 ) . . . .................. c * l i n t , a t M t. H o lly S . D & T r u s t C o .. T r u s te e
B o n d s . — $ 7 5 ,0 0 0 r e se r v e d fo r e x t e n s i o n s . B o n d s a r e n o t s u b j e c t t o c a ll.
V . 74 . p. 1307.
.
„„ ,
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s . $ 5 6 ,3 0 7 ; n e t , $ 1 0 ,4 7 9 ; In
1 9 0 7 , g r o s s , $ 5 5 ,0 4 5 ; n e t , $ 8 ,1 9 0 ; In 1 9 0 6 , g r o s s , $ 6 2 ,7 9 8 ; n e t , $ 1 5 ,6 5 8 .
R O A D .— A b o u t 15 m ile s o f tr a c k fro m B u r lin g to n , th r o u g h M t H o lly
a n d I la l n e s p o r t , t o M o o r c sto w n .
„ _
O F F I C E R S — P r e s ., H . M. R o u g h e r , P h lla .; V . - P . , W m . C. P a r r y
H a ln e s p o r t , N . J .; S e c . & T r c a s ., J o h n S . G ilb e r t, I la ln e s p o r t . N . J . —
V . 7 4 , p . 1 138; V . 7 9 , p . 7 8 5 , 2 1 4 6 ; V . 8 9 , p . 2 8 4 , 6 6 5 .
MUSCATINE, IOWA.
MUSCATINE LIGHT & TRACTION CO.— A trolley road.
_
O R G A N I Z A T I O N .— I n c o r p o r a te d In N o w J e r se y o n A U g. 3 0 1 9 0 6 , and
c o n t r o ls t h e C it iz e n s ’ R y . & L ig h t C o . (In c o r p o r a te d A p ril 1 9 0 2 ), w h ic h
o p e r a te s t h e g a s , e le c t r ic - lig h t a n d s tr e e t r a ilw a y b u s in e s s o f t h e c it y .
V . 8 3 . p . 1 1 7 1 . F ra n ch ise s run u n t il 1929
S T O C K A N D B O N D S .—
D ate.
Interest. O u tsta n d in g .
M a tu r ity
S t o c k $ 0 0 ,0 0 0 ( $ 1 0 0 ) . ...................... ...............................
$ 6 3 0 ,0 0 0 .........................
C it iz e n s ’ R a ilw a y & L ig h t 1 st) 19 0 2
5 g A O
3 6 9 ,0 0 0 A p tll 1 1 9 1 7
m o rtg a g e
$ 4 0 0 ,0 0 0
g o l d ) I n t . a t C le v e la n d T r u s t C o .. C le v e la n d ,
( $ 5 0 0 ) ___________________c*J
T r u s t e e , or a t N a t . B U . o f C o m m e r c e , N Y .
N ew
m o r tg a g e
$ 1 ,0 0 0 ,0 0 0 ) 1 9 0 6
5 g M -S
4 8 0 ,0 0 0 S e p t 1 1 0 2 6
g o ld ( $ 1 .0 0 0 ) ........................e * j I n t . a t M ich . T r . C o ., G ra n d R a p id s , T r u s te e
B o n d s . — O f t h e n e w $1 .OOO.OOO I s su e , $ 4 0 0 ,0 0 0 a r c r e s e r v e d fo r p r io r Hen
a n d $ 1 2 0 ,0 0 0 for f u tu r e I m p r o v e m e n t s .
T h e y a r e s u b j e c t to c a ll a t a n y
t im e a t 105 a n d in te r e s t. S e e V . 8 3 , p . 1 1 7 1 . T h e C lt. R y . & L t . C o . b o n d s
a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 110 a n d In te r e s t.
A s in k in g fu n d ,
c o m m e n c in g In 1 9 0 7 , c o n s is t s o f a s u m s u f fic ie n t t o r e tir e $ 1 5 ,0 0 0 b o n d s
y e a r ly a t 105 a n d I n te r e s t: $ 3 1 ,0 0 0 r e tir e d to d a t e .
„ „ ,
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s. $ 1 5 1 ,6 4 7 ; n e t , $ 5 0 ,3 4 4 .
E a r n in g s .— F o r y e a r 1 9 0 8 , g r o s s , $ 9 4 ,1 1 8 ; n e t , $ 4 1 ,4 4 3 ; c h a r g e s a n d
t a x e s , $ 1 3 ,8 4 9 ; d i v id e n d , $ 1 1 ,4 1 5 ; s u r p lu s , $ 1 6 ,1 7 9 .
R O A D .— O p e r a te s 12 m ile s o f t r a c k .
7 0 - lb . T r a il.
S ta n d a rd g a u g e.
36 c a r e , 26 m o to r a n d 10 t r a il.
O w n s 25 m ile s o f g a s m a in s a n d 35 m ile s
o f e le c t r ic - lig h t lin e s .
„
.,
.
O F F I C E R S .— P r e s ., E r n e s t A S to w e ; V . - P . , W . H . G a y : S e e ., H o w a r d
A. T h o r n to n ; T r c a s ., R a lp h S . C h ild : M g r ., E . M . W a lk e r .— V . 8 5 , p . 4 0 .
R O A D .— O p e r a te s 81 m ile s o f tr a c k .
H a s b e e n c h a n g e d fro m b r o a d to
s ta n d a r d g a u g e .
7 0 to 1 0 0 -lb . T a n d g ir d e r r a ils .
2 2 s c a r s.
O F F I C F .R S .— P r e s , a n d M g r ., P e r c y W a rn er; V . - P ., J . C . R r a d fo r d ;
S e c . a n d T r e a s ., H . C . W a lt e r s .— V . 8 6 , p . 1 5 29; V . 8 7 , p . 3 8 , 2 2 7 ; V . 8 8 ,
p. 1 0 6 2 .
N ATCH EZ, MISS.
SOUTHERN RAILWAY & LIGHT CO.— Street railway, gas and electric.
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 8 a n d t o o k o v e r S o u t h e r n
L ig h t A T r a c t io n C o . ( V . 8 5 , p . 1 1 4 4 ) , w h ic h w a s a c o n s o lid a t io n o f t h e
N a t c h e z E le c tr ic S t r e e t R y . & P o w e r C o ., t h e N a t c h e z L ig h t , P o w e r &
T r a n s it C o . a n d t h e N a t c h e z G a s L ig h t C o . G a s f r a n c h is e p e r p e tu a l; s t r e e t
r a ilw a y a n d e le c t r ic lig h t in g fr a n c h is e s e x p ir e In 1 9 4 9 .
D o e s t h e e n t ir e
s t r e e t r a ilw a y , g a s , e le c t r ic - lig h t in g a n d p o w e r b u s in e s s o f N a t c h e z .
H as
c o n t r a c t w it h c i t y fo r s t r e e t l ig h t in g w h ic h e x p ir e s In 1 9 1 4 .
STO C K A N D B O N D S —
D a te .
In te re st. O u ts ta n d in g . M a tu r ity .
S t o c k , $ 4 4 ,6 7 0 ( $ 1 0 0 ) ...............................................................
$ 4 5 ,6 7 0 .........................
S o . L t . A T r a c t . 1 st m $.500,-1 1 9 0 3
5 g A -O I S
3 3 5 ,0 0 0 A p r 15 1 9 3 3
0 0 0 g ( $ 1 ,0 0 0 ) -----------------c ’ l l n t . a t I n t e r - S t a t e T r . A B k g . C o ., N e w
j O r le a n s , T r u s t e e , o r a t F ir s t N a t . B k ., N . Y .
B o n d s. — $ 1 6 0 ,0 0 0 a r e r e se r v e d fo r b e t t e r m e n t s a n d e x t e n s io n s . A r e s u b
j e c t to c a ll o n o r a f te r A p ril 15 1 9 0 6 a t 105 a n d I n te r e s t.
$ 5 ,0 0 0 h a v e b e e n
r e tir e d . S e e V . 7 6 , p . 1 0 8 6 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 : G r o s s , $ 1 2 7 ,3 6 5 ; n e t ,
$ 4 5 ,6 0 4 ; I n te r e s t a n d t a x e s , $ 2 2 ,4 6 6 ; s u r p lu s , $ 2 3 ,1 3 8 .
R O A D .— O p e r a te s 6 m ile s o f tr a c k ; 12 c a r s.
O F F I C E R S .— P r e s ., A . G . C a m p b e ll, N a t c h e z : V . - P ., L . H . D in k in s ,
N e w O rle a n s; S e c ., T r e a s . A M g r ., F r a n k J . D u ff y , N a t c h e z .— V . 8 6 , p .1 5 9 1 .
N E W A R K , N. J.
PUBLIC SERVICE CORPORATION OF N. J. - S t r e e t r a ilw a y , g a s a n d
e le c t r ic .— (See m a p on pages 64 a n d 6 5 .)
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n M a y 0 1 9 0 3 a n d
c o n t r o ls , th r o u g h o w n e r s h ip o f s t o c k , t h e P u b lic S e r v ic e R y . , t h e P u b lic
S e r v ic e G a s C o ., t h e O r a n g e & P a s s a ic V a lle y R y . a n d t h e U n it e d E le c tr ic
C o. of N . J .
T h e s t o c k h o ld e r s o f t h e t w o c o m p a n ie s l a s t n a m e d a n d a ls o
t h e s t o c k h o ld e r s o f c e r t a in o f t h e c o m p a n ie s o u t o f w h ic h t h e P u b lic S e r v ic e
R y . w a s s u b s e q u e n t ly f o r m e d ( n a m e ly t h e N o r t h J e r s e y S t r e e t R y . , t h e
J e r s e y C ity H o b o k e n & P a t e r s o n S t . R y . a n d t b e E liz a b e t h P la in f ie ld A
C e n tr a l N e w J e r s e y R y .) w e r e g iv e n c e r t illc a t e s d e s c r ib e d b e lo w In e x c h a n g e
fo r t h e ir s t o c k .
H o ld e r s o f t h e s e t r u s t c e r t illc a t e s (a s a ls o s h a r e h o ld e r s o f
t h e fo u r le a s e d p r o p e r tie s ) w e r e a c c o r d e d t h e p r iv ile g e o f s u b s c r ib in g a t
p a r fo r P u b lic S e r v ic e s t o c k to a m o u n t o f o n e - s i x t h t h e ir h o ld in g s . S e e
p la n In V . 7 6 , p . 8 6 5 , a n d a ls o p . 1 2 4 9 . T h e F i d e li t y T r u s t C o . o f N e w a r k
f in a n c e d t h e t r a n s a c t io n .
C o n tr o ls p r a c tic a lly t h e e n tir e s t r e e t r a ilw a y b u s in e s s o f N o r t h e r n N e w
J e r s e y a n d t h e g a s a n d lig h t in g I n te r e s ts o f t h e g r e a te r p a r t o f N e w J e r s e y .
L e a s e s t h e U n it e d E le c tr ic C o . o f N e w J e r s e y , t h e N e w B r u n sw ic k L ig h t ,
H e a t A P o w e r C o ., t h e P a t e r s o n & P a s s a ic G as A E le c tr ic C o ., t h e S o u t h
J e r s e y G a s, E le c tr ic A T r a c t io n C o ., t h e S o m e r s e t U n io n A M id d le s e x
L ig h t in g C o . a n d t h e G as A E le c tr ic C o . o f B e r g e n C o u n ty .
T h e le a s e s o f
MUSKOGEE OKLA.
t h e fo u r l a s t - n a m e d c o m p a n ie s In s o fa r a s t h e y r e la t e .t o t h e m a n u f a c t u r e
MUSKOGEE ELECTRIC TRACTION CO.—A t r o lle y r o a d .
a n d d is tr ib u t io n o f g a s w e r e o n O c t . 1 1 9 0 9 (a lo n g w it h t h e le a s e s o f s e v e r a l
O R G A N I Z A T I O N .— I n c o r p o r a te d In 19 0 4 In I n d ia n T e r r ito r y .
o t h e r c o m p a n ie s ) a s s ig n e d to t h e P u b lic S e r v ic e G as C o ( s e e t h e l a t t e r ) .
S T O C K A N D B O N D S .—
D ate.
Interest. O u tsta n d in g .
M a tu r itu . A ls o o w n s e n t ir e c a p ita l s t o c k o f t h e M id d le s e x E le c tr ic L ig h t A P o w e r C o .
S t o c k $ 2 4 5 ,8 0 0 ( $ 1 0 0 ) . . - ......................................................
$ 2 4 5 ,8 0 0
See te x t
I n O c t . 1 9 0 9 c r e a t e d a m o r t g a g e fo r $ 5 0 ,0 0 0 ,0 0 0 , o f w h ic h $ 5 ,5 0 0 ,0 9 0
1 s t m tg c $ 5 0 0 ,0 0 0 g o ld ( $ 5 0 0 1 1 9 0 5
5 g A -0
3 5 0 ,0 0 0
19 2 5
w e r e I ssu ed to r e tir e lik e a m o u n t o f fir st m o r t g a g e b o n d s a u t h o r iz e d In M a y
&
$ 1 .0 0 0 ) red 19 1 5 a t 1 0 5 c* l i n t , a t C o lo n ia l T r u s t C o .. N . Y . . tr u s te e . 1 9 0 8 ( V . 8 6 , p . 1 1 6 0 ) , w h ic h m o r t g a g e w a s c a n c e le d . V . 8 9 , p . 7 2 1 , 8 4 7 .
E A R N I N G S .— F o r y e a r 1 9 0 8 , g r o s s , $ 9 4 ,1 1 8 ; n e t , $ 4 1 ,4 4 3 ; c h a r g e s a n d
In J u n o 1 9 0 9 c o m p a n y v o lu n t a r ily In c r ea se d w a g e s o f c o n d u c t o r s a n d
t a x e s , $ 1 3 ,8 4 9 ; d iv id e n d , $ 1 1 ,4 1 5 ; s u r p lu s , $ 1 6 ,1 7 9 .
m o to r m e n 1 t o 4 c e n ts a n h o u r , a c c o r d in g t o l e n g th o f s e r v ic e . V . 8 8 , p .
R O A D .— O p e r a te s 14 m ile s In a n d a r o u n d M u s k o g e e . S t a n d a r d g a u g e ,
1500.
70 a n d 6 0 -lb T r a il.
T u n n e l C o n n ectio n w ith N ew Y o r k . — I n A p r il 1 9 0 6 p la n s w e r e c o n s u m
O F F I C E R S .— P r e s , a n d G e n . M g r .. W illis E . F c r tlg : V . - P . , R . D .
m a te d b e t w e e n t h is c o m p a n y a n d t h e P e n n s y lv a n ia R R . fo r a h ig h - s p e e d
B e n s o n ; S e c . & T r c a s ., N . A . G ib so n ; L o c a l M g r ., R . D . L o n g .
e le c t r ic lin e fr o m N e w a r k d ir e c t t o t h e N e w Y o r k t e r m in a l o f t h e l a t t e r c o m
pany.
T h is w o u ld o b v i a t e t h e n e c e s s i t y fo r t h e b u ild in g o f t u n n e ls b y t h e
P u b lic S e r v ic e C o r p o r a tio n . S e e V . 8 2 , p . 9 8 8 .
MUSKEGON, MICH.
I t Is p la n n e d t o b u ild t e r m in a l s t a t io n s a t H o b o k e n a n d J e r s e y C i t y ,
MUSKEOON TRACTION & LIGHTING CO.
.
In J a n . 1906 e n tir e s to c k w a s a c q u ir e d b y t h e A m e r ic a n L ig h t & T r a c t io n c o n n e c tin g w ith t h e D . L . A W . a n d P e n n . R R . s t a t io n s r e s p e c t iv e l y ,
a n d a lso w ith t h e tu n n e ls te r m in a tin g a t e a c h p la c e .
M erger o f S u b s id ia r ie s. — In 1 9 0 7 t h e N o r t h J e r s e y S t r e e t R y . , t h e J e r s e y
C° 6 R G A m z J ^ T I O N .— I n c o r p o r a te d In M ic h ig a n o n M a rch 1 1 9 0 1 , a n d Is
a c o n s o lid a t io n o f t h e s t r e e t r a ilw a y , e le c tr ic l ig h t a n d g a s c o m p a n ie s o f C ity H o b o k e n A P a t e r s o n S t r e e t R y . a n d t h e U n it e d S t r e e t R y . o f C e n tr a l
N e w J e r s e y w e r e c o n s o lid a t e d u n d e r t h e n a m e o f t h e P u b lic S e r v ic e R y . .
th e c it y .
H a s 1 0 -y e a r c o n t r a c t fr o m 1901 fo r c it y s t r e e t lig h t s .
In D e c .
w h ic h s e e b e lo w .
V . 8 5 , p . 4 0 6 a n d 4 7 0 . T o t h e P u b lic S e r v ic e R y . a ls o
1 9 0 5 s tr e e t r a ilw a y fr a n c h is e e x t e n d e d u n t il J a n . 19 19 3 1 a n d t h e g a s
h a v e b e e n tr a n sfe r r e d t h e le a s e s o f v a r io u s r a ilw a y s fo r m e r ly h e ld b y t h e
fr a n c h is e fo r 5 y e a r s . S e e V . 8 1 , p 1 7 2 4 .
M a tu r ity . P u b lic S e r v ic e C o r p o r a tio n .
D ate.
Interest. O u tsta n d in g .
STO C K A N D B O N D S
In O c t . 1 9 0 9 a ll le a s e h o ld I n te r e s t in g a s p r o p e r tie s a n d a ll r ig h ts u n d e r
......................
$ 6 0 0 ,0 0 0 .........................
S t o c k $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................
o p e r a tin g a g r e e m e n t w ith P la in fie ld G a s L ig h t C o . w e r e a s s ig n e d to t h e
6
6 3 ,0 0 0
See tex t
P r e fe r r e d $ 1 0 0 ,0 0 0 6% c u m . . ____
P u b lic S e r v ic e G a s C o ., w h ic h s e e b e lo w ; a ls o V . 8 9 , p . 5 9 4 , 7 2 1 , 8 4 7 .
________ tg a g |e L________ __ o ld f 1901
___ $ 6 0 0 ,0 0 0 g
5 g M -S
6 0 0 ,0 0 0 M ch 1 1931
F ir s t m o r
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
( $ 1 ,0 0 0 ) “ — . ! ___ 1 ___ T____^ I n t e r e s t a t W y o m in g V a lle y T r u s t C o .,
Q -M ;>1 $ lS .5 0 6 ,2 0 0 S e D t .3 0 0 9 .1 H
S t o c k , $ 2 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
( W ilk e s - B a r r e , P a . , T r u s t e e .
T r u s t c e r t ific a te s , $ 2 0 ,2 0 0 ,0 0 0 ? 1 9 0 3
S e e t e x t 1 9 ,8 2 8 ,1 <0
P e r p e tu a l
B o n d s. — M a y b e c a lle d a f te r t e n y e a r s a t 1 0 5 .
) i d e lit
t
w ark. T r t .
D iv id e n d s .— O n p r e f. s to c k In 1 9 0 2 , 6 % ; In 1 9 0 3 , 6 % ; In 1 9 0 4 . 6 % ; In C o lla te r a l t r u s t n o t e s , $ 7 ,- f F 190 4 y T r u s M C o ., N e7 ,2 5 0 ,0 0 0 u sNeoev 1 1 9 0 9
5
-N
1 9 0 5 , 6 % ; In 1 9 0 6 , 6 % ; In 1 9 0 7 , 6 % ; In 1 9 0 8 , 6 % ; In 1 9 0 9 , 6 % .
2 5 0 ,0 0 0 ($ 1 ,0 0 0 ) g ......... c * { F I d e lt t y T r u s t C o ., N e w a r k , T r u s t e e .
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( I n t e r e s t a t R o b e r t W ln th r o p & C o ., N . Y .
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O F F I C E R S .— P r e s ., I I . C . A b e ll; V . - P . , E m e r so n M cM lU ln; S e c . a n d
l i n t , a t o ffic e o f R . W ln th r o p A C o ., N . Y .
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C ar t r u s t c e r t i f i c a t e s ________ \ 1908
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( t e e , o r a g e n c y o f c o m p a n y In N e w Y o r k .
system.
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Stock, a n d B o n d s . — $ 2 ,5 0 0 ,0 0 0 a d d it io n a l s t o c k w a s Issu ed In A p r il 1 9 0 5 .
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r e o r g a n iz a tio n o f t h e N a s h v ille R a ilw a y C o ., s o ld u n d e r fo r e c lo su r e o f th e a ll p a id fo r a t p a r in c a s h , a n d b y - la w s o f t h e c o m p a n y a r e m a d e to p r o v id e
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p a r . T h e c o n v e r tib le n o t e s o f 1 9 0 6 fo r $ 6 ,2 5 0 ,0 0 0 w'ere c o n v e r tib le in to
o f t h e N a s h v ille S t r e e t R a i lw a y , t h e N a s h v ille & S u b u r b a n a n d t h e d t l
s e n s ’ R a p id T i a n s l t , t h e C u m b e r la n d E le c tr ic L ig h t & P o w e r a n d th e s t o c k a t p a r o n M a y 1 1 9 0 9 a n d $ 6 ,0 0 6 ,2 0 0 h a v e b e e n s o c o n v e r t e d , m a k in g
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d o e s e n tir e c o m m e r c ia l c lc c t r lc - llg h tln g b u s in e s s in N a s h v ille .
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p e r p e tu a l.
I s id o r e N e w m a n & S o n o f N e w Y o r k a n d N e w O rle a n s a r e llsc a l m o r e s t o c k a t p a r . V . 8 9 , p . 7 2 1 .
T h e t r u s t c e r t ific a te s b e a r 2% I n te r e s t (d a tin g fr o m J u n e 1 1 9 0 3) t h e
accents.
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y e a r u n t il 6% Is r e a c h e d In t h e t e n t h y e a r , w h ic h Is t o b e t h e r a te t h e r e a f t e r .
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c a t e s . T h e s t o c k s a c q u ir e d a r e p le d g e d a s s e c u r it y fo r t h e t r u s t c e r t ific a te s .
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m e n c e s J u ly 1 1 9 1 3 , b u t o n ly If c o m p a n y h a s a su r p lu s a b o v e c h a r g e s a n d
2 0 ,2 0 0 ,0 0 0
d l v . o n p r e f. s to c k ; b o n d s to b e k e p t a liv e In s in k in g fu n d . O f t h e n e w
• N o w m e r g e d In t h e P u b lic S e r v ic e R a ilw a y , w h ic h s e e b e lo w .
r e f. a n d e x t . b o n d s , $ 6 ,0 0 0 ,0 0 0 a r e r e se r v e d fo r p r io r lie n s; $ 2 1 5 ,0 0 0 a rc
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In t r e a s u r y o r s u b j e c t to Issu e a t o p t io n o f c o m p a n y , a n d $ 7 ,0 0 0 ,0 0 0 m a y b e
Issu e d , a t t h e r a te o f $ 1 ,0 0 0 fo r e a c h $ 1 ,2 5 0 e x p e n d e d , fo r f u tu r e I m p r o v e I n c r e a s e t h e c a p it a l s to c k o f a n y o f t h e c o m p a n ie s , n o r t o c r e a t e a n y n e w
m e n ts a n d e q u ip m e n t , n o t o v e r $ 7 0 0 ,0 0 0 to b e Issu ed In a n y c a le n d a r y e a r , lie n s u p o n t h e r e s p e c t iv e c o m p a n ie s e x c e p t t o t a k e u d e x is t in g d e b t o f a n y
s u c h c o m p a n y o r o f u n d e r ly in g o r s u b s id ia r y c o m p a n ie s .
a n d s u b j e c t to c e r t a in o t h e r c o n d it io n s .
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S in k in g
T h e c o lla t e r a l t r u s t n o t e s o f 1 9 0 4 In t a b le a b o v e w e r e s o ld In O c t . 1 9 0 4
fu n d o f H o f 1 % o f o u t s t a n d in g b o n d s s ta r t s N o v . 1 1 9 1 8 , b o n d s In s in k in g
t o R o b t . W ln th r o p A C o .. J . A W . S e llg m a n A C o . a n d L e e , H Ig g in s o n &
fu n d b e in g k e p t a l iv e . S e e p a r tic u la r s o f b o n d s , p r o p e r ty , A c . , In V . 8 7 ,
C o ., a n d w e r e Issu e d t o p r o v id e fu n d s fo r e x t e n s i o n s , I m p r o v e m e n t s , & c.
p . 227.
D iv id e n d s .— 'T h e .first d iv id e n d o n p r e f. s t o c k — 2 1 4 % — w a s p a id J a n . 1 V . 7 9 , p . 1 9 5 6 , 2 4 5 7 . T h e y a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 102 44
1 9 0 5 a n d 2 ) 4 % e a c h s ix m o n th s s in c e t o a n d In c lu d in g J u ly 1 9 0 9 .
F ir s t a n d I n te r e s t. T h e fo llo w in g b o n d s o f s u b s id ia r y c o m p a n ie s h a v e b e e n
d e p o s ite d w it h t h e tr u s t e e a s c o lla t e r a l fo r t h e s e n o te s :
d l v . o n c o m m o n — 1 % — w a s p a id J u ly 1 1 9 0 9 .
N o r t h J e r s e y S t . R y . C o ., 4 % 5 0 - y e a r b o n d .................................... ..........$ 7 ,2 3 0 ,0 0 0
R E P O R T .— Y ears e n d in g D e c . 31:
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c o n t in g e n t d a m a g e s , A c .
T h e 190 8 c a r t r u s t c e r t ific a te s m a t u r e $ 4 0 ,0 0 0 s e m i a n n u a ll y , b e g in n in g
J u ly 1 1 9 0 8 .
$ 5 0 ,0 0 0 ,0 0 0 M o rtg a g e .— O f t h e m t g e . fo r $ 5 0 ,0 0 0 ,0 0 0 m a d e In 1 9 0 9 ,
$ 8 , 0 0 0 ,0 0 0 w e r e s o ld In 1 9 0 9 to a s y n d i c a t e h e a d e d b y J . P . M o rg a n A C o.
(V . 8 9 , p . 7 2 1 ) , t h e p r o c e e d s to b e u s e d la r g e ly In t a k in g u p t h e c o l. tr u s t
n o t e s d u e N o v . 1 1 9 0 9 . T h e s e b o n d s w ill b e r e d e e m a b le o n a n y I n te r e s t
d a t e , b e g in n in g O c t . 1 1 9 1 9 , a t 1 0 5 a n d I n t e r e s t . T h e y a r e lia b le to b e
d r a w n a t 1 0 5 a n d l n t . b y o p e r a tio n o f s in k in g fu n d o n o r a f t e r O c t. 1 1 9 1 3
o n 4 w e e k s ’ n o t ic e .
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t h e P u b lic S e r v ic e C o r p o r a tio n , w ith t h e a n n u a l d iv id e n d s c a lle d fo r o n t h e
s t o c k s o f s u c h c o m p a n ie s .
T h e gas leases were all a ssigned to the P u b lic S e r
vice G as C o. in O ct. 1 9 0 9 . V . 8 9 , p . 5 9 4 .
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a T h e s e r o a d s a r e n o w le a s e d t o P u b lic S e r v ic e R y .
D i v i d e n d s — F ir st d l v . o f 1 % w a s n a ld J u n e 2 9 1 9 0 7 . 1 w a s p a id S e p t . 30
1 9 0 7 a n d 1% D e c . 31 1 9 0 7 . I n 1 9 0 8 , 4 % . I n 1 9 0 9 , M c h ., 1% ; J u n e 3 0 ,
1 % ; S e p t . 3 0 , 1 yK% .
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c a le n d a r y e a r 1 9 0 8 o f t h e P u b lic S e r v ic e R a ilw a y a n d le a s e d lin e s w ere:
G r o s s , $ 1 0 ,9 8 9 ,9 7 0 ; o p e r . e x p e n s e s , $ 6 ,2 0 9 ,4 1 9 ; n e t $ 4 ,7 8 0 ,5 5 1 .
O F F I C E R S . — P r e s ., 1'hos. N . M cC a rter; 1 st V . - P . , G eo r g e J . R o b e r ts ;
2d V . - P . . J o h n J . B u r le ig h ; S e c .. E d . W . H ln e ; T r e a s . . l a s . P . D u s e n b o rry ; C o m p ., P e r c y S . Y o u n g .— V . 8 6 . p . 1 1 0 1 , 1 1 6 0 , 1 2 8 5 , 1 4 1 0 ; V . 8 8 ,
p . $3, 1 0 0 2 , 1 5 0 0 ; V . 89, p . 3 4 9 , 5 9 4 , 7 2 1 , 8 4 7 .
2
6 6
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L ea se .— L e a s e d In 1 9 0 7 fo r 9 9 9 y e a r s t o P u b lic S e r v ic e C o r p o r a tio n . U n d e r
t h e le a s e t h e $ 4 0 0 ,0 0 0 s u r p lu s c a s h a s s e t s o f c o m p a n y w e r e d iv id e d a n d a
s p e c ia l d iv id e n d o f 5% w a s p a id J u n e 2 9 1 9 0 7 (V . 8 5 , p . 4 4 ) .
R e n t a l Is
3% fo r t w o y e a r s , 4 % fo r n e x t t w o y e a r s a n d 5% t h e r e a f t e r .
V . 8 5 , p . 44
T h e P u b lic S e r v ic e C o r p o r a tio n o w n s n e a r ly a ll o f t h is c o m p a n y ’s s t o c k .
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T r e a s ., N a t h a n ie l K in g , N e w a r k .— V . 7 9 , p 2 7 9 9 .
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P o w e r C o . a n d t h e M id d le s e x L ig h t in g C o .
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PUBLIC SERVICE (IAS CO.
C o n tr o lle d b y P u b lic S e r v ic e C o r p o r a tio n b y o w n e r s h ip o f e n t ir e c a p ita l
stock.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y a n d w a s c r e a t e d b y
c h a n g in g t h e n a m e o f t h e o ld O x y - H y d r o g e n G a s C o . T h is la t t e r Is s a id
t o h a v e h a d a p e r p e tu a l c h a r te r u n d e r le g i s la t i v e g r a n t c o n v e y in g t h e r ig h t
t o m a n u f a c t u r e a n d d is t r ib u t e g a s t h r o u g h o u t t h e S t a t e .
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t h e v a r io u s g a s l e a s e s fo r m e r ly h e ld b y t h e P u b lic S e r v ic e C o r p o r a tio n o f
N e w J e r s e y w e r e a s s ig n e d t o t h is c o m p a n y .
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p a n y h a s n o b o n d s.
L eases. — O n O c t . 1 1 9 0 9 t h e P u b lic S e r v ic e C o r p o r a tio n a s s ig n e d t o t h e
P u b lic S e r v ic e G a s C o. t h e l e a s e s o f t h e E s s e x & H u d s o n G a s C o ., t h e E a s t
N e w a r k G a s L ig h t C o. a n d t h e H u d s o n C o u n ty G a s C o ., a n d In s o fa r a s t h e y
r e la t e t o t h e m a n u f a c t u r e a n d d is tr ib u t io n o f g a s , t h e le a s e s o f t h e S o u th
J e r s e y G a s E le c . & T r a c . C o ., t h e P a t e r s o n & P a s s a ic G a s A E le c . C o ., th e
S o m e r s e t U n io n A M id d le s e x L ig h t in g C o. a n d th e G a s A E le c tr ic C o . o f
B e r g e n C o u n ty .
V . 8 9, p. 594.
F o r d iv id e n d r a te s , s e e P u b . S e r v ic e
C o r p o r a tio n a b o v e .
S t o c k $ 1 0 ,0 0 0 ,0 0 0 ------------------- A ll o w n e d ^ b y P u b lic S e r v ic e C o r p o r a tio n .
S t o c k , It Is s t a t e d , w in b o Is su e d (V . 8 9 , p . 59 4 ) fr o m t im e to t im e a t p a r
to P u b lic S e r v ic e C o r p . o n l y fo r c a s h o r fo r I m p r o v e m e n t s a t a c tu a l c o s t
th ereo f.
Essex & Hudson Gas Company.
T h is c o m p a n y w a s le a s e d t o t h e P u b lic S e r v ic e C o r p o r a tio n fo r 9 0 0 y e a r s
fr o m J u n e 1 1903 a n d le a s e a s s ig n e d O c t . 1 1 9 0 9 t o P u b lic S e r v ic e G a s C o .
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jo r ity o f th e s to c k .
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O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y In N o v . 1 8 9 8 , a n d le a s e s
t h e N e w a r k C o n s o lid a te d G a s C o . fo r 9 9 9 y e a r s fro m D e c . 1 1 8 9 8 , a t a r e n ta l
o f a ll f ix e d c h a r g e s a n d d iv id e n d s o n t h e $ 6 ,0 0 0 ,0 0 0 s t o c k o f t h a t c o m p a n y ,
c o m m e n c in g a t /4 % o n J u ly 1 1 9 0 0 a n d I n c r e a s in g /4 % y e a r ly u n t il 5 % Is
r e a c h e d In 1 9 1 0 . th e r e a f t e r 5 % p e r a n n u m .
STO C K A N D B O N D S —
D a te.
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6
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s e r v e d t o r e tir e u n d e r ly in g lie n s
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E liz a b e t h , I n c lu d in g N e w a r k .— V . 6 7 , p . 1 0 0 2 , 1 1 6 0 .
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fr o m J u n e 1 1 9 0 3 .
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I’ o r d l v . r a te s s e e P u b lic S e r v ic e C o r p o r a tio n a b o v e .
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° 1 t h e v a r io u s g a s p la n t s In J e r s e y C it y a n d H o b o k e n .
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g o l d ......... ....................... ............. . / N . J . T l t l e G u a r . A T r .C o ., J e r s e y C it y , T r u s .
P L A N T .— C o n tr o ls a ll g a s p la n t s In J e r s e y C it y , H o b o k e n a n d H u d s o n
C o u n ty , N . J .— V 7 8 , p . 770; V . 8 4 , p . 1555.
Paterson & Passaic (ihs & Electric Co
T h is c o m p a n y w a s le a s e d to t h e P u b lic S e r v ic e C o r p o r a tio n fo r 9 0 0 y e a r s
fr o m J u n e 1 1 9 0 3 . S e e d iv id e n d t e r m s f u r th e r a b o v e . I n O c t . 19 0 9
le a s e a s s ig n e d In p a r t t o P u b lic S e r v ic e G a s C o.
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p r o p e r tie s o f P a te r s o n a n d P a s s a ic .
S T O C K A N D B O N D S .—
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u n d e r ly in g H ens
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S a fe D e p o s it A T r u s t C o Is t r u s t e e .
Somerset Union & Middlesex Lighting Co.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n D e c . 1 1 9 0 3 , In t h e
I n te r e s t o f t h e P u b lic S e r v ic e C o r p o r a tio n , a s a c o n s o lid a t io n o f t h e S o m e r s e t
L ig h tin g C o . o f S o m e r v ille , N . J . , t h e P la in fie ld G as A E le c tr ic L ig h t C o . o f
P la in fie ld , N . J , a n d t h e C itiz e n s ’ E le c tr ic C o . o f N o r t h P la in f ie ld . (V . 7 8 ,
p . 1 0 7 .)
O n D e c . 31 1 9 0 3 t h e C e n tr a l E le c tr ic C o . w a s a ls o m e r g e d In t h e
sa m e.
L E A S E .— T h e c o m p a n y w a s le a s e d t o t h e P u b lic S e r v ic e C o rp . (le a s e
s in c e O c t . 1 1 9 0 9 ru n s to t h e P u b lic S e r v ic e G a s C o .) fo r 9 0 0 y e a r s fr o m
D e c . 31 1 9 0 3 o n t h e f o llo w in g t e r m s , v iz .: a ll I n t e r e s t , e x p e n s e s a n d
t a x e s t o b e p a id b y P u b lic S e r v ic e C o r p o r a tio n , a n d a s r e n ta l a d iv id e n d
o n t h e s to c k a c c r u in g a s fo llo w s : F r o m D e c . 1 1 9 0 5 , 1 %; D e c . 1 190 6
1 14 %; D e c . 1 19 0 7 2 % ; D e c . 1 1 9 0 8 , 2 / 4 %; D e c . 1 1 9 0 9 , 3 %; D e c . 1 1 9 1 0
3 / 4 % ; D e c . 1 1911 a n d t h e r e a f t e r , 4 % . S o m u c h o f le a s e a s r e la t e s to
m a n u f a c t u r e a n d d is tr ib u t io n o f g a s h a s b e e n a s s ig n e d t o P u b lic S e r .G a s .C o .
S T O C K A N D B O N D S .—
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M a tu r ity .
S t o c k $ 1 ,0 5 0 .0 0 0 ( $ 1 0 0 ) ......................
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1 9 0 0 5 A -O
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m tg e $ 3 0 0 ,0 0 0 ____ _____ /M o r t o n T r u s t C o . N e w Y o r k . T r u s t e e .
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1900
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fu n d a n d b o n d s c a n n o t be c a lle d .
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a f te r 190 5 a t 110 a n d I n te r e s t.
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V . 7 8 , p . 107
South Jersey G a s , Electric & Traction Co.
T h is c o m p a n y w a s le a s e d to t h e P u b lic S e r v ic e C o r p . fo r 9 0 0 y e a r s fr o m
J u n e 1 1 9 0 3 (s e e d l v s . g u a r a n t e e d u n d e r P u b lic S e r v ic e C o r p . f u r th e r a b o v e ) ,
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t h e g a s , e le c t r ic lig h t a n d t r o lle y I n te r e s ts In S o u th e r n N e w J e r s e y .
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A W o o d b u ry R y , w h ic h h a s b e e n le a s e d t o t h e P u b lic S e r v ic e R y . C o .
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l i n t , a t B u r l’g t ’n C I t y L .A T .C o ..B u iT n , N . J .
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p rio r lie n s a n d $ 7 9 ,0 0 0 fo r a d d it io n s a n d I m p r o v e m e n t s .
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1 1 4 4 , 1250; V . 7 8 , p . 1 4 49; V . 8 6 , p . 1 5 3 0 .
G a s & Eleclric Co of Bergen County.
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J a n . 1 1905.
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5 g M -N
4 6 ,0 0 0 N o v . 1 195 4
g o ld ( $ 1 .0 0 0 ) _______ _______ iB o w l in g G re e n T r u s t C o ., N . Y . , T r u s t e e .
1 .7 0 9 .0 0 0 N o v . 1 1954
G en er a l m o r t g a g e $ 5 ,0 0 0 .0 0 0 1 1904
5 M -N
/ F i d e l i t y 'Trust C o. , N e w a r k . 'T ru stee.
1 .3 3 6 .0 0 0 J u n e 1 1 0 4 #
C o n s o lid a te d m o r t g a g e , $ l , - j 1 8 9 9
5 g J -D
5 0 0 ,0 0 0 g o l d _____________ ( F id e l i t y T r u s t C o ., N e w a r k . T r u s t e e .
5 0 .0 0 0 M ch . 1 1911
N Y R u th A S u b c o n s o l m t g e . 1 8 9 5
6 g M S
5 0 .0 0 0 M c h . 1 1911
R u th A B S p r in g s g e n m t g e ___ 1891
6 M -N
2 3 .0 0 0 J a n . 1 193 #
E n g le w G A E g e n e r a l m t g e ___ 1 8 9 9
5 J -J
3 ,0 0 0 J a n . 1 101 7
H a c k G a s A E le c d e b S e r ie s 1 . 1 8 9 7 - 8
6 J -J
1 0 .0 0 0 J a n . 1 103 5
H a c k G a s A E le c g e n e r a l m tg e
1 8 9 5 5 J -J
2 8 .0 0„ „ „J a n . 1 1 0 3 4
H a c k G L 1 st m tg e ( $ 1 ,0 0 0 ) . . c
1 8 9 4 5 J -J
„ 0
,
B o n d s .— O f t h e g e n e r a l m o r tg a g e fo r $ 5 ,0 0 0 ,0 0 0 , $ 1 ,5 4 6 ,0 0 0 Is r e se r v e d
t o r e tir e p r io r H ens a n d $ 1 ,7 4 5 ,0 0 0 fo r a d d it io n s a n d I m p r o v e m e n t s . T h e
g e n . m r t . , o f w h ic h t h e B o w lin g G re e n 'T rust C o . Is t r u s t e e , w a s s u p e r s e d e d
b y t h e s llm la r m o r t ., o f w h ic h t h e F i d e li t y T r u s t C o . Is t r u s t e e .
O F F I C E R S .— P r e s ., D r . D . S t . J o h n , H a c k e n s a c k .— V . 8 0 , p . 6 5 3 .
P U B L I C S E R V I C E R A I L W A Y C O .— S e c m a p on pages 64 and 6 5 .
C o n tr o lle d b y P u b lic S e r v ic e C o r p o r a tio n t h r o u g h o w n e r s h ip o f s t o c k .
N o le a s e .
O R G A N I Z A T I O N .— O r g a n is e d In 1 9 0 7 a s a c o n s o lid a t io n o f t h e N o r t h
J e r s e y S t r e e t R y . , t h e J e r s e y C ity H o b o k e n A P a t e r s o n S t . R y . a n d t h e
U n it e d S t r e e t R y . o f C e n tr a l N e w J e r s e y .
V . 8 5 , p . 4 0 6 . T h e N o rth J e r
s e y S t r e e t R y . In J a n . 1898 a b s o r b e d t h e N e w a r k A S o u t h O r a n g e . T h e
J e r s e y C ity H o b o k e n A P a t e r s o n w a s a c o n s o lid a t io n In N o v e m b e r 1 8 9 9
o f t h e fo llo w in g : J e r s e y C ity H o b o k e n A R u th e i lord E le c tr ic ; N o r t h
H u d s o n C o u n ty (c o n tr o llin g t h e H u d s o n A B e r g e n 'T ra ctio n a n d t h e
P a v o n la H o is e R a ilr o a d ); P a lis a d e s R a ilr o a d : P a te r s o n C e n tr a l E le c tr ic ;
P a te r s o n H o r se R a ilr o a d ; P a t e r s o n P a s s a ic A R u th e r fo r d E le c tr ic R R .I
P a t e r s o n R y ; S a d d le R iv e r T r a c tio n ; W h ite L in e T r a c t io n , fo r m e r ly t h e
N e w J e r s e y E le c tr ic . T h e U n it e d S t r e e t R y . o f C e n tr a l N e w J e r s e y w a s a
c o n s o lid a t io n In J u ly 1 9 0 7 o f t h e E liz a b e t h P la in fie ld A C e n tr a l J e r s e y R y .
(w h ic h w a s c h a r te r e d In 1900 a s a c o n s o lid a t io n o f t h e P la in fie ld S t r e e t R y
a n d o t h e r c o m p a n ie s ) a n d t h e E liz a b e t h A R a r ita n R iv e r S t r e e t R y . (w h ic h
w a s a c o n s o lid a t io n o n A p ril 30 1 9 0 4 o f t h e M id d le s e x A S o m e r s e t T r a c t io n
C o . a n d t h e E a s t J e r s e y S t r e e t R y . w h ic h l a t t e r c o m p a n y h a d p r e v io u s ly
a b s o r b e d t h e R a r ita n T r a c t io n C o ., t h e P e r th A m b o y H R . a n d t h e E a s t
J e r s e y T r a c t io n C o.
In a d d it io n t o a b o v e t h e P u b lic S e r v ic e R y . le a s e s t h e C o n s o lid a te d '1 ru c
t io n o f N e w J e r s e y , t h e S o u t h O r a n g e A M a p le w o o d T r a c t io n , t h e B e r g e n
T u r n p ik e C o ., t h e O ra n g e A P a s s a ic V a lle y R y . , t h e C a m d e n A S u b u r b a n
R y . a n d t h e C a m d e n G lo u c e s te r A W o o d b u r y R y . C o. w h ic h c o m p a n ie s
s e e b e lo w .
T h e b a s is o f e x c h a n g e o f o ld s t o c k fo r s t o c k o f t h is c o m p a n y Is a s f o llo w s
Receive
in new
S to c k .
N ew S to c k
i f a ll S to c k
E xch a n g ea
$ 1 4 ,5 1 2 ,0 0 0 1 0 0 %
1 9 ,9 1 .,3 0 0 1 0 0 %
4 ,0 0 0 ,0 0 0
75 %
$ 1 5 ,0 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
T o ta l
T o ta l
S to c k . D ep o sited .
N a m e o f C om pany—
N o r t h J e r s e y S t r e e t H y . . . $ 1 5 .0 0 0 ,0 0 0
J e r s e y C it y H o b . & P a t . - .
2 0 ,0 0 0 ,0 0 0
U n it e d S t . R y . o f C e n t .N .J
4 ,0 0 0 ,0 0 0
T o t a l ..................................... - . $ 3 9 , 0 0 0 , 0 0 0
$ 3 8 ,4 2 7 ,3 0 0
$ 3 8 ,0 0 0 ,0 0 0
R ig h t to T a x F r a n c h ise .— In J a n . 1 9 0 2 t h e N e w J e r s e y C o u rt o f E r r o r s a n d
A p p e a ls d e c id e d t h a t t h e N e w a r k C ity a u t h o r it ie s c o u ld n o t t a x t h e N o r t h
J e r s e y S t r e e t R y . f r a n c h is e s . V . 7 4 p . 2 8 1 .
O peration L eg a l . — J u l y 2 1 9 0 7 t h e C o u rt o f E rro rs a n d A p p e a ls s u s ta in e d
t h e r ig h t o f t h e N o r t h J e r s e y S t r e e t R y to o p e r a te t h e m a in p a r t o f s y s t e m
In J e r s e y C it y . T h e c i t y h a d c la im e d t h a t a n e w fr a n c h is e w a s n e e d e d
S e e V . 8 5 . p . 10 0 .
5% O rd in a n ce H eld In v a lid .— J u s t ic e P a r k e r In t h e N e w J e r s e y S u p r e m e
C o u r t o n D e c . 31 190 8 s u s ta in e d t h e c o n t e n t io n o f t h e C it y o f N e w a r k t h a t
t h e “ F i v e P e r C e n t ” tr o lle y o r d in a n c e p a s s e d b y t h e B o a r d o f W o r k s o n
J a n . 19 1 9 0 5 Is I n v a lid .
V . 8 8 , p . 1 0 1 . T h e o r d in a n c e p r o v id e d a fix e d
l im it o f t e r r it o r y w it h in w h ic h 5% o f g r o s s e a r n in g s s h o u ld b e c o m p u te d
a n d p a id o n t h e b a s is o f t r a c k m ile a g e , a n d t h a t a ll e x is t in g fr a n c h is e s o r
g r a n t s , a s w e ll a s a ll f u tu r e g r a n t s , s h o u ld b e r e g u la t e d b y a n o r d in a n c e
p a s s e d J u l y 13 1 8 9 3 , w h ic h w o u ld m a k e a ll e x is t in g o r s u b s e q u e n t g r a n ts
p e r p e tu a l.
V . 8 8 , p. 101.
D ecisio n a s to U n p a id L icense F e es .— O n J u l y 2 0 1 9 0 9 J u s t ic e S w a y z e ,
In t h e N e w J e r s e y .S u p r e m e C o u r t, In a s u i t b r o u g h t b y J e r s e y C ity a g a in s t
t h e N o r t h J e r s e y S t r e e t R y . , h e ld t h a t t h e c o m p a n y Is lia b le fo r u n p a id
l ic e n s e f e e s o f $ 1 0 fo r e a c h c a r o p e r a t e d w i t h in t h e c i t y s in c e 1 8 6 7 . A n
a p p e a l w ill b e t a k e n to t h e C o u rt o f E r r o r s a n d A p p e a ls . S e e V . 8 9 , p . 2 2 6 .
STO C K A N D B O N D S.
D a te.
R a te.
O u tsta n d in g .
D iv ., etc.
S t o c k , $ 3 8 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................
$ 3 7 ,4 2 7 ,3 0 0 D e c 3 1 ’0 8 , 2 3 %
S E C U R IT IE S O FN O R T H J E R S E Y S T R E E T R Y .
.
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
F ir s t m o r t g a g e , $ 1 5 ,0 0 0 ,0 0 0 .1 1 8 9 8
4 g M N $ 1 5 ,0 0 0 ,0 0 0 M a y 1 1 9 4 8
g o ld ($1 0 0 0 e a c h ) ---------------( M a n h a t t a n T r u s t C o ., N e w Y o r k , T r u s t e e .
( I n t e r e s t a t F i d e li t y T r u s t C o ., N e w a r k N . J
S E C U R I T I E S O F J E R S E Y C IT Y H O B O K E N & P A T E R S O N S T . R Y .
D a te.
In te re st.
O u tsta n d in g .
M a tu r ity .
J e r s e y C ity H o b o k e n & P a t c r -1 1 8 9 9
4 g M -N $ 1 4 ,0 6 1 ,0 0 0 N o v l 1 9 4 9
e r so n m o r t g a g e g o l d , $ 2 0 , ( I n t e r e s t a t N e w J e r s e y T i t le G u a r a n te e &
0 0 0 .0 0 0 ( $ 1 ,0 0 0 ) ................. c*J
T r u s t C o ., J e r s e y C it y . T r u s t e e .
B o n d s o f C o n stitu e n t C o s . —
N . H u d . C o. R y . m t g e . ( $ l .0 0 0 )1 8 8 4
6 J -J
$ 6 2 0 ,0 0 0 J a n 1 1 9 1 4
N o r t h H u d s o n C o u n ty R y .)
.
------------- , 0
5 J -J
2 ,3 7 8 .0 0 0 J u l y 1 1 0 2 8
c o n s o l m o r t g a g e $ 3 .0 0 0 ,0'0 1 ) 1 8 8 8
$ 6 2 0 ,0 0 0 t o r e tir e 1 st M .c * l
N . H u d . C o. R y . 2 d M .($ 1 ,0 0 0 ) 189 4 5 M -N
1 ,2 9 1 ,0 0 0 M a y 1 1 9 2 4
W e e h a w k c n E x t e n s io n M o r t 1 8 9 5
5 F -A
1 0 0 ,0 0 0 F e b
1 1915
g a g e .................................................
C e n tr a l T r u s t C o ., N e w Y o r k , T r u s t e e .
P a t e r s o n R y C on M (n >w l---t)
1891
6 g J -D
1 ,2 5 0 .0 0 0 J u n e 1 193 1
g o ld $ 1 ,2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) _c K n ic k e r b o c k e r T r u s t C o ., N . Y . , T r u s t e e .
P a t e r s o n R y s e c o n d g e n m tg e
189 4
6 A O
3 0 0 ,0 0 0 O c t
1 1914
$ 3 0 0 ,0 0 0 , red a t a n y t im e P a t e r s o n S a v in g s I n s t i t u t i o n , T r u s t e e .
B o n d s . — $ 5 ,9 3 9 ,0 0 0 J . C.- H . & P . fir s t 4 s a r e r e se r v e d fo r p r io r lie n s .
----------------T h e s e c o n d 5 s o f t h e N o r t h H u d s o n C o u n ty R y . e x p ir e d M a y 1 1 9 0 4 , b u t
w e r e e x t e n d e d u n t il M a y 1 1 9 2 4 . S e e V . 7 8 , p . 1 3 9 2 . T h e s e b o n d s a r e
r e d e e m a b le a t 1 1 0 a n d I n te r e s t o n a n y I n te r e s t d a t e .
V . 78, p . 1392.
S E C U R IT IE S O F U N IT E D S T R E E T R Y . O F C E N T R A L N . J.
B o n d s o f C o n stitu e n t C o s . —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
E llz . P la in . & C e n t. N . J . M l 1 9 0 0
5 g J : D _ $ 2 , 4 0 0 ,000_ D e c
1 1950
$ 2 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld .c * In terest a t F id e lity T ru st C o ., N ew a rk ,
T ru stee.
N o . s . f. f t c a n n o t b e c a lle d
5 J-J
100,000
1922
P la in fie ld S t r e e t R y . fir st M 1892
($ 1 ,0 0 0 ) c * ____ C all in 1904 In t. a t F id e lity T ru st C o., N ew ark , T ru stee.
E liz a b e t h & R a r ita n R lv . S t .
1904
5 g M-N
1,5 0 0 ,0 0 0 M ay 1 1 9 5 4
R y . g e n . m t g e , $ 3 ,5 0 0 ,0 0 0 , F id e lity T ru st C o., N ew ark T ru stee.
B r u n s w ic k T r a c t io n m t g e , g ' , 1«96 5 g J-J
6 0 0,000 J u ly 1 1926
( $ 1 ,0 0 0 ) c * c a n n o t be c a lle d F id e lity T r u s t C o ., N e w a r k , T r u s t e e .
M id d le s e x f t S o m e r s e t T r a c g
1900
5 g J-J
1 ,0 0 0 ,0 0 0 Ja n 1 1950
M $ 1 ,5 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) . -c * , In t. at F id e lity T ru st C o.. N ew ark , T ru stee.
E a s t J e r s e . fir s t m t g. e .. S 5 0 0 . ’ 1904
y
,5 g M-N
5 0 0 ,000 M ay 1 1944
000
, g o ld , guar p and I------ /P e r th A m b oy T r C o.. P e rth A m b o y , T ru s.
B o n d s .— Of th e to ta l Issue o f E llz. P la in . & C ent. N . J . b on d s d a ted 1900,
$ 1 00,000 Is held to p rovid e for like a m o u n t of th e P lain field S treet R y . Co.
b ond s. See V . 71, p. 1310. Of th e E llz. & R aritan R iver S treet R y .
gen . m tg . of 1904, $2 ,0 0 0 ,0 0 0 are reserved to retire prior liens.
D iv id e n d s .— F irst d iv id en d — *g%— w as paid D ec. 31 1908.
R E P O R T .— E arnings of P u b lic S ervice R y . an d leased tines for calen dar
year 1908 were: Gross, $ 1 0 ,989,970: op er. ex p en ses, $ 6 ,2 0 9 ,4 1 9 : n e t,
$ 4 ,7 8 0 ,5 5 1 . In 1907: Gross, $ 1 0 ,468,899; oper. ex p en ses, $ 6 ,2 0 6 ,6 8 5 ; n e t,
$ 4 ,2 6 2 ,2 1 4 .
R O A D .— O perates 6 5 7 .088 m iles o f road.
O F F I C E R S — P res., T h o s. W . McCarter; 1st V .- P ., G eo. J . R ob erts;
2d V .- P ., J . J Burleigh; S e c ., E VV. Hlne; T rc a s., J . P . D usenberry;
C o m p ., P . S . Y oung; Gen Mgr . rt. R. D anforth; G en. A u d ., M. R . B o y la n .
— V . 85, p . 4 0 6 , 1271; V. 68. p . 53; V . 8 9 , p . 226.
(1)
Consolidated Traction of New Jersey.
On Ju ne 1 1898 leased to N orth Jersey S treet R y . for 999-years, and lea se
has n ow p assed to P u b lic S ervice R w y . C o. V . 66, p . 1141; v a lid ity o f
lease w as affirm ed In F eb . 1902 (V . 7 4 , p . 380) and again In F e b . 19 0 3 .
V . 7 6 , p . 382.
D ivid en d s u nd er lease are:
1899-1901
1002.
1003-1004.
1005.
T h ereafter.
Z%
2 'A %
3%
3«%
4%
STOCK A N D B O N D S —
D a te . Interest.
O utstan din g.
M a tu r ity .
S to ck , all paid In ($ 1 0 0 ).........................
J-J 15
----------------v
$ 1 5 ,0 0 0 ,0 0 0
See text
U n d erlyin g b ond s— see b e l o w ................................
7 ,3 0 8 ,0 0 0 ................... ..
1s t m o rtg a g e, g o ld . $18,000,-1 1803
5 g J -D
______ ,0 0 0 J u n 1 1 9 3 3
1 5 ,0 0 0____ _ ____e __ „„„„
000 ($1,000) .......................... j Interest a t M an h attan T r. C o., N . Y ., T ru stee
T h e gold b ond s o f 1893 are secured n o t o n ly b y m ortgage, b u t also b y
d ep o sit o f $ 1 ,0 0 0 ,0 0 0 sto ck o f J . C. f t Bergen R R „ $161,62 5 sto ck o f
N ew ark P la n k R oad C o., $6,0 0 0 ,0 0 0 sto ck N ew ark P a ssen ger R y . a n d $ 9 9 ,
100 sto ck o f Jersey C ity H arrison & K earn ey R y . Co.
R O A D .— O ct. 1 1909 th ere w ere In op eration 190 m iles o f tra ck . In
cluding:
N . J . T raction C o_____ S to ck ow ned IJ . C. H ar. f t K . R R — S to ck ow ned
N ew ark P a ssen ger R y .S to c k ow ned N ew ark P lan k R o a d ___S to ck ow ned
J . O. & B ergen R R ---- S tock ow ned!
P a ssaic f t N ew ark El ..S t o c k ow n e d |
S to c k , d eb ts and m ileage o f th e leased and con trolled lines:
„
M ile s .
S to c k .
F u n d e d debt.
N e w J e r s e y T r a c t io n C o ......................... N o n e
N e w a r k P a s s e n g e r R y ____
83
R a p id T r a n s it S t r e e t R y . .
12
J e r s e y C ity & B e r g e n R R .................I . . 4 1 U
J e r s e y C ity H a r r iso n & K e a r n e y R y . 1 0
N e w a r k P la n k R o a d . ....................
4 4 .5
P a s s a ic f t N e w a r k E le c tr ic T r a c t io n . 10 H
P o r t R ic h m o n d ft B e r g e n P o i n t F e r r y ___
$ 5 0 0 ,0 0 0
6 ,0 0 0 ,0 0 0
5 0 4 ,0 0 0
1 ,0 0 0 ,0 0 0
* 1 0 0 ,0 0 0
1 6 2 .0 0 0
1 ,0 0 0 ,0 0 0
4 ,0 0 0 sh a r e s
$6',ooo',o 6 6
5 0 0 .0 0 0
2 5 8 .0 0 0
5 5 0 ,0 0 0
* O n t h is $ 1 8 ,0 0 0 h a s b e e n p a id In .
(a)
Jersey City & Bergen Railroad.
R O A D .— O w n s fro m J e r s e y C ity t o B e r g e n P o i n t , & c ., t o t a l t r a c k , 4 1 4 4
m ile s .
C o n tr o lle d b y C o n s o lid a te d T r a c t io n C o ., a ll t h e s t o c k b e in g d e
p o s ite d a s p a r t s e c u r it y fo r t h e T r a c t io n C o . 1 s t m o r t g a g e .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k --------------------------------------------------*1 0 0 0 0 0 0 f .p .
1 s t m o r t g a g e ( $ 1 ,0 0 0 ) -------c* J 1 8 7 3
4 4 4 j" -j
2 5 8 ,0 0 0 J a n
1 1023
,
. . . .
( M a n h a t t a n T r u s t C o ., N e w Y o r k , T r u s t e e .
B o n d s .— T h e b o n d s ( o r ig in a lly 7 s) m a tu r e d J a n . 1 1 9 0 3 , b u t w e r e e x
t e n d e d a s 4 44s tor 20 y e a r s fr o m t h a t d a t e .
(b)
Newark Passenger Railway. — E le c tr ic .
O R G A N I Z A T I O N .— I n c o r p o r a te d J u n e 16 1 8 9 0 .
O n J u ly 29 1 8 9 3
le a s e d t o N e w J e r s e y T r a c t io n for 9 9 9 y e a r s , a n d s o c o n t r o lle d b y t h e C o n
s o lid a t e d T r a c t io n C o. o f N e w J e r s e y , t h e N . J . T r a c t io n C o . h a v in g b e e n
le a s e d t o t h e C o n so l. T r a c t io n C o . o f N . J . J a n . 2 1 8 9 4 fo r 9 9 9 y e a r s .
C h a r te r s a id to b e p e r p e tu a l.
L E A S E A N D R E N T A L .— R e n t a l u n d e r t h e le a s e , $ 1 0 5 ,0 0 0 y e a r ly .
STO C K A N D B O N D S —
P ar.
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
S t o c k ...................................... ............... $ 1 0 0
T ext
$ 6 ,0 0 0 ,0 0 0 O w n .b y C .T r
5 g J -J
6 ,0 0 0 ,0 0 0 J u l y 1 1 9 3 *
N ew ark P a ss R y 1 st c o n 'll,000
1 8 9 0 , $ 6 ,0 0 0 ,0 0 0 , g o l d . . c * / N . J . T i t le G u a r . & T r u s t C o .. T r u s t e e .
T h e $ 6 ,0 0 0 ,0 0 0 s t o c k Is a ll d e p o s it e d a s s e c u r it y f o r t h e C o n s o lid a te d
T r a c tio n C o . fir s t m o r t g a g e .
I n t e r e s t o n c o n s o l. 5 s Is p a y a b le a t F ir s t N a t io n a l B a n k , J e r s e y C it y .
T h e c o n s o ls a r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t , b y t h e C o n s o lid a te d
T r a c tio n C o . o f N e w J e r s e y , a n d In F e b r u a r y 1 8 9 5 t h e g u a r a n t y w a s s ta m p e d
on th e b o n d s. V . 5 9 , p . 9 6 9 .
R O A D .— J a n . 1 1 9 0 9 a g g r e g a te d 8 3 m ile s o f t r a c k .— V . 8 1 , p . 9 0 0 .
(d)
R a p id T r a n s it S tr e e t R a i l w a y .
O R G A N I Z A T I O N .— I n F e b . 1 8 9 2 le a s e d t o N e w a r k P a s s e n g e r R y . . a n d
I n c lu d e d w it h It In le a s e t o N e w J e r s e y T r a c t io n , a n d s o fo r m s p a r t o f
C o n so lid a te d T r a c t io n s y s t e m .
S T O C K , B O N D S , E T C .—
P ar.
I n te r e s t.
O u ts ta n d in g . L a s t d iv .,A t
S t o c k , t r u s t e e s ’ c e r t if ic a t e s ....................
1 1 J 4 J -D 3 0
$ 5 0 4 ,0 0 0
See tex t
1 st m t g e , $ 5 0 0 ,0 0 0 , g ............c * ) 1 ,0 0 0
5 g A -O
5 0 0 ,0 0 0 A p r il 1 1921
S u b . t o c a ll a t 110 & I n t. a n y ( in t e r e s t a t o f fic e o f F i d e li t y T r u s t C o .,
t im e a f t e r A p r il 1 1 9 0 1 ./
N e w a r k , N . J ., T ru stee.
D i v i d e n d s o f 11 44 % y e a r ly a r e g u a r a n t e e d b y t h e N e w a r k P a s s e n g e r a n d
N e w J e r s e y T r a c t io n c o m p a n ie s u p o n t h e t r u s t e e s ’ c e r t if ic a t e s I s su e d fo r
s t o c k . M ile s o f t r a c k 1 2 .0 7 .
(e)
P a s s a ic & N e w a r k E le c tr ic T r a c t io n .— A t r o l l e y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d A p r il 3 0 1 8 9 5 a n d a c q u ir e d aU t h e
$ 1 ,0 0 0 ,0 0 0 s t o c k o f t h e P a s s a ic & N e w a r k E le c tr ic R y .
C o n s o lid a te d
T r a c t io n C o . o f N . J . o w n s a ll t h e s t o c k a n d g u a r a n t e e s t h e b o n d s .
S T O C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................
$ 1 ,0 0 0 ,0 0 0 ....................
1 st M $ 5 5 0 ,0 0 0 g u a r p <c i n i 1 8 9 7
5
5 g J -D
5 5 0 ,0 0 0 J u n e 1 1 9 3 7
I ra c o f N J ............/ I n t . « t N . J . T it le G u . & T r .. J e r s e y C it y .
R O A D .— O w n s 1 0 .7 8 m ile s o f t r a c k .
(2) S o u th O r a n g e & M a p le w o o d T r a c t io n .— T r o lle y .
T h is c o m p a n y w a s le a s e d o n O c t 1 1 9 0 3 t o t h e N o r t h J e r s e y S t . R y . (n o w
m er g e d in t h e P u b lic S e r v ic e R y . ) In p e r p e t u it y , t h e r e n ta l b e in g $ 2 ,0 0 6
o n t h e p re fe r r e d s t o c k fo r first y e a r a n d I n c r e a s in g $ 5 0 0 y e a r ly u n t il n in t h
y e a r , w h e n $ 6 ,0 0 0 Is p a id , w h ic h a m o u n t Is t o b e p a id t h e r e a f t e r .
R e n t a l Is
g u a r a n te e d b y P u b lic S e r v ic e C o r p o r a tio n o f N e w J e r s e y .
V . 77, n. 824.
O R G A N I Z A T I O N .— C o n s o lid a tio n In J u l y 190 1 o f t h e S o u t h O r a n g e &
M a p lew o o d T r . C o . a n d t h e S o u t h O r a n g e f t M apl w o o d S t . R y
S to ck au
th o r iz e d . c o m m o n , $ 7 5 ,0 0 0 ; p r e fe r r e d , $ 1 5 0 ,0 0 0
N o bonds
R O A D .— T o t a l , in c lu d in g s id in g s , 5 .4 m ile s .
(3) B e r g e n T u r n p ik e C o .
L e a se d t o P u b lic S e r v ic e R y . J a n . 1 1 9 0 8 .
O R G A N I Z A T I O N .— O r ig in a lly c h a r te r e d o n O c t 2 7 1 8 0 2 , w it h $ 5 3 ,9 9 6
c a p ita l ( $ 1 0 s h a r e s ) , a n d o w n s t h e t u r n p ik e fro m H o b o k e n t o H a c k e n s a c k ,
a d is ta n c e o f 12 m ile s , o v e r w h ic h a n e le c t r ic ro a d w a s c o n s tr u c t e d In 1 9 0 2 .
J e r s e y C it y H o b o k e n & P a t e r s o n ( n o w m e r g e d In t h e P u b li c S e r v ic e R w y .
C o .) o w n e d a m a jo r ity o f t h e s t o c k a n d g u a r a n t e e d Its $ 1 ,0 0 0 ,0 0 0 5 %
b o n d s , d a t e d 1 9 0 1 , d u e J u ly 1 1 9 5 1 ; I n te r e s t J -J : p r in . a n d In t p a y a b le a t
N e w J e r s e y T i t le G u a r a n te e & T r u s t C o ., J e r s e y C it y , T r u s t e e .
(4) O r a n g e & P a s s a ic V a lle y R y .
L e a s e d fo r 0 0 0 y e a r s fro m N o v . 1 1 9 0 3 t o P u b lic S e r v ic e C o r p o r a tio n fo r
I n te r e s t o n t h e t r u s t c e r t ific a te s Issu ed In e x c h a n g e fo r s t o c k .
L ea se w as
a s s ig n e d t o N o r t h J e r s e y S t r e e t R y . C o . J u l y 2 3 1 9 0 7 a n d n o w h e ld b y
P u b lic S e r v ic e R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 8 9 8 o s s u c c e s s o r o f S u b u r b a n
T r a c tio n C o ., s o ld In fo r e c lo su r e J u ly 6 1 8 9 8 .
B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
5
J -D
$ 8 3 3 ,0 0 0 D e c 1 193 8
1 s t m tg e $ 1 ,0 0 0 ,0 0 0 ....................f 1 8 9 8
I N . J . l i t G uar. & T r. C o. o f J e rsey C ity , T ru s.
(5) C a m d e n & S u b u r b a n R y .
W a s le a s e d o n M a y 1 1 0 0 4 t o t h e P u b lic S e r v ic e C o r p o r a tio n fo r 9 9 9 y e a r s
r e n ta l b e in g (In a d d it io n t o fix e d c h a r g e s) $ 3 0 ,0 0 0 t h e fir s t y e a r ( 1 9 0 5 ) ,
$ 3 6 ,0 0 0 t h e s e c o n d y e a r , $ 4 2 ,0 0 0 t h e t h ir d y e a r , $ 4 8 ,0 0 0 t h e f o u r th y e a r ,
$ 5 4 ,0 0 0 t h e f ifth y e a r , $ 7 2 ,0 0 0 t h e s ix t h y e a r $ 8 4 ,0 0 0 t h e s e v e n t h y e a r ,
$ 9 6 ,0 0 0 t h e e ig h t h y e a r , $ 1 0 8 ,0 0 0 t h e n i n t h y e a r a n d $ 1 2 0 ,0 0 0 t h e t e n t h
y ear and th erea fter. V . 7 8 , p. 23 8 3 .
L e a s e w a s a s s ig n e d t o P u b lic
S e r v ic e R y . C o. S e p t . 30 1 9 0 7 .
O R G A N I Z A T I O N .— F o r m e d In 1 8 9 6
C o n tr o ls t h e C a m d e n H o r s e R R
(w h ic h Is le a s e d ) a n d t h e W e s t J e r s e y T r a c t io n C o . (s t o c k $ 6 5 0 0 0 ) .
S T O C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k $ 3 ,0 0 0 ,0 0 0 ($ 2 5 )
.........................
Q -F
See te x t
See tex t
1 s t m o r tg a g e $ 3 ,0 0 0 ,0 0 0 g o ld l 1 8 9 6
5 J -J
$ 1 ,6 0 ,0 0 0 J u l y 1 1 9 4 6
( $ 1 ,0 0 0 ) -------------- --------------- J I n t . a t S e c u r it y T r . C o ., C a m d e n . N . J . , T r u s.
C ar t r u s t s $ 7 0 ,0 0 0 ......................... f 1 0 0 4
5 g A -0
4 2 ,0 0 0
See te x t
l i n t , a t C a m d e n ( N . J .) S a f e D e p . & T r . C o .
B o n d s . — 1 h e c a r t r u s t s In t a b le a b o v e m a tu r e $7 0 0 0 a n n u a lly o n A p r il 1
T
u n t il a n d I n c lu d in g 1 9 1 4 ' $ 7 ,0 0 0 w e r e r e tir e d o n A p ril 1 1 9 0 5 , $ 7 ,0 0 0 on
A p r il 1 1 0 0 6 , $ 7 ,0 0 0 A p r il 1 1 9 0 7 a n d $ 7 ,0 0 0 A p r il 1 1 9 0 8 .
Or t h e 1 s t
m t g e . b o n d s , $ 1 ,0 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e s t o c k o f C a m d e n H o rse
R R . a n d $ 2 5 0 ,0 0 0 t o r e tir e b o n d s o f t h a t c o m p a n y .
S lo c k . —T h e s to c k Is a ll o u t s ta n d in g ; 2 0 % p a id In .
R O A D .— T r a c k , 5 0 .3 7 m ile s; C a m d e n H o r se R R ., l e a s e d , 3 0 .1 1 m ile s;
W ~ st J e r s e y T r a c t io n C o ., 3 .1 9 m ile s: t o t a l 8 3 .6 7 m ile s . C o n n e c tio n
..ir o u e h t o T r e n t o n Is m a d e o v e r t h e C a m d e n f t T r e n t o n . V . 7 8 , p . 1 7 8 1 ,
2383; V . 88. p . 1126.
(a) C a m d e n H o r s e R R .— A t r o lle y a n d h o r s e r o a d .
F o r s t a t e m e n t o f t h is c o m p a n y s e e “ E le c tr ic R y . S e c t i o n ” o f J u n e 26 1 9 6 6 .
(6) C a m d e n G lo u c e s te r & W o o d b u r y R a ilw a y C o
L e a s e d t o P u b lic S e r v ic e R y . C o .
O R G A N I Z A T I O N .— E n tir e $ 6 0 0 .non s t o c k Is o w n e d b y t h e S o u th -J e r s e y
G a s, E le c tr ic ft T r a c t io n C o . A ll b o n d s h a v e b e e n c a n c e le d .
R O A D .— C o m p r ise s 2 5 m ile s o f r o a d .
NEW BEDFORD, MASS.
D A R T M O U T H & W E S T P O R T S T R E E T R Y .— A n e le c t r i c r o a d .
O R G A N I Z A T I O N , & c .— I n c o r p o r a te d 1 8 9 3 In M a s s a c h u s e t t s . S t « « k ,
$ 2 6 2 ,5 0 0 : 1 s t m t g e ., $ 1 5 0 ,0 0 0 ; d a t e d 1 8 9 5 , g o ld , c* ( $ 1 ,0 0 0 e a c h ) . 5 s , A -O ,
I ssu ed $ 9 0 ,0 0 0 ; d u e A p ril 1 1 9 1 5 . T r u s t e e , I n t e r n a t io n a l T r u s t C o ., B o s
t o n , w h e r e In te r e s t Is p a y a b le .
D I V I D E N D S . — 8% h a s b e e n p a id (2 Q -F ) fo r s e v e r a l y e a r s u p t o a n d
I n c lu d in g A u g . 1 1 9 0 9 .
R O A D .— C o n n e c ts c it ie s o f F a ll R iv e r a n d N e w B e d f o r d .
O w n s 1 8 .0 6
m ile s o f tr a c k a n d o p e r a te s In a ll 3 0 .7 0 m ile s o f m a in t r a c k .
24 p assen ger
c a r s , 4 s n o w - I p o w s . 11 o t h e r c a r s a n d 1 7 0 e le c t r ic m o to r s .
E A R N I N G S .— F is c a l y e a r e n d in g S e p t . 3 0 1 9 0 8 : G r o s s , $ 2 1 3 ,5 1 1 ; n e t ,
$ 6 3 ,2 5 2 : I n te r e s t a n d t a x e s , $ 3 4 ,8 2 5 ; d i v id e n d s , $ 2 1 ,0 0 0 ; s u r p lu s , $ 7 ,4 2 7 .
O F F I C E R S .— P r e s ., H . H . C ra p o o f N e w B e d fo r d ; V . - P . , T h o s . B .
T r ip p ; T r c a s .. E . F . N ic h o ls o n , N e w B e d fo r d ; S e c ., R o b e r t S . G o ff, F a ll
R iv e r ; S u p t . , E . S . W ild e .— V 8 2 . p . 6 9 1 .
N E W B E D F O R D & O N S E T S T R E E T R Y .— A t r o l l e y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a s s a c h u s e t t s in 1 9 0 1 . T h is c o m
p a n y Is o w n e d i n t h e s a m e I n te r e s t a s t h e U n io n S t . R w y . C o . I n J u n e 1 9 0 6
Issu ed $ 5 0 ,0 0 0 n e w s to c k In e x c h a n g e fo r t n e $ 1 5 0 ,0 0 0 s t o c k o f t h e T a u to n n
ft B u z z a r d ’s B a y S t r e e t R y . , w h ic h w a" a r e o r g a n iz a t io n o f t h e M ld d le b o r o
W a r e h a m ft B u z z a r d ’s B a y S t i e e t R y
V . 32, p. 1438.
ST O C K A N D B O N D S —
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
.................
$ 5 5 0 ,0 0 0
....................
S t o c k , $ 5 5 0 .1 (0 0 ( $ 1 0 0 ) .............................
F ir s t
m o rtg a g e ,
$ 5 0 0 ,0 0 0 .1 1 9 0 2
5 g J -J
2 8 0 ,0 0 0 J a n . 1 1 9 2 2
g o ld ( $ 1 ,0 0 0 ) ..............
-_ c* (
I n t . a t I n t e r n a t io n a l T r . C o ., B o s t o n , T r u s.
J N o s in k in g fu n d a n d n o t s u b j e c t t o c a ll.
M W & B B fir st m o r t g a g e ,] 190 1
4 g A O
1 5 0 ,0 0 0 O c t . 1 1921
$ 1 5 0 ,0 'io ( $ 1 ,0 0 0 ) g o l d - . - c U n t e r e s t a t F e d e r a l T r u s t C o ., P o s t o n , T r u s .
F lo a tin g d e b t S e p t . 3 0 1 9 0 8 —
-------------2 0 ,0 0 0 ____________
B o n d s — T h e M ld d le b o r o W a r e h a m ft B u z z a r d 's B a y b o n d s h a v e n o s in k
in g fu n d , b u t a r e s u b j e c t t o c a ll o n o r b e fo r e O c t . 1 1 9 0 6 a t 1 1 0 , th e r e a fte r
th r o u g h O c t . 1 1911 a t 1 0 7 * 4 , a n d t h e r e a f t e r b e fo r e O c t . 1 19 2 1 a t 1 0 5 , a ll
w it h I n te r e s t. S e e V . 7 3 , p . 1 3 1 3 .
I n t e r e s t w a s f o r m e r ly 5 % ,b u t o n c o n
s o lid a t io n w ith N e w B e d fo r d & O n s e t w a s r e d u c e d t o 4 %.
H O A D .— O w n s 4 4 .1 1 9 m ile s o f t r a c k b e t w e e n F a lr h a v e n a n d O n s e t a n d
In M ld d le b o r o a n d t o B u z z a r d s B a y a n d t o M o n u m e n t B e a c h
29 p assen ger
c a r s , 4 s n o w p lo w s , 4 m is c e lla n e o u s a n d 10 4 e le c t r ic m o t o r s .
E A R N I N G S .— F o r y e a r e n d in g S e p t . 30 1 9 0 8 , c r o s s , $ 1 2 0 ,7 3 3 ; n e t
$ 4 4 ,5 3 6 ; In te r e s t a n d t a x e s , $ 2 6 ,8 8 1 : s u r p lu s , $ 1 7 ,6 5 5 .
O F F IC E R S .— P res., H . H . Crapo; V .-P ., T hos. B. T ripp- Sec., Clarence
A. Cook; T re a s ., E . F . N icholson; S u p t., Geo. P . D ole.— V. 82, u. 1438.
UNION STREET R A I L W A Y — A trolley road.
O R G A N IZ A T IO N .— In co rp o rated In M assachusetts on M arch 18 1887
I n S e p t. 1909 Mass. R R . Comm, san ctio n ed an Issue of 5225,000 additional
sto ck a t $140; also $100,000 ad d itio n al bonds, to p ay lloatlng d e b t a nd
provide for Im p ro v em en ts, &c. V. 88, p. 946; V. 89, p. 780.
STO CK AND B O N D S—
D a te .
I n t e r e s t . O u t s t a n d i n g . L a s t d i e . Ac
S to c k . $1,125,000 (par$100) ............
Q -F
$1,125,000 A ug.’09, 2 %
Consol m tg e for $500,000, g/ 1894
5 g J -J
500,000 J a n . 2 191*
s f, no t su b jec t to c all_ c*l In t. a t Old Colony T ru st Co., B oston, T ru st.
_
C u rren t liabilities S ep t. 30 1908................................... 390,796 .....................
Dividends.— In 1896-97, 10% ; In 1897-98. 6% ; 1898-99 to 1906-07. In
elusive, 8% p er an n u m ; In 1908, 8% ; in 1909, F eb ., 2% ; M ay, 2% ; A ug.,
2% .
R O A D .— Owns 32.149 miles of tra c k , 140 passenger cars, 10 snow-plow s,
10 service cars a n d 199 electric m otors.
E A R N IN G S .— F o r years ending S ep t. 30:
1908.
1907. I
1908.
1907.
G ross e a r n in g s ...$ 4 7 0 ,6 6 1 $467,853 D ividends p a i d . . . $72,000 $72,000
N e t .......................... $165,774 $165,736 Surplus for y e a r .. 20,533 29,851
_ 73,241
63,8851
I n t . , tax es, & c _
O F F IC E R S .— P res., H . H . Crapo: V .-P ., Thos. B. T rip p ; Sec., C. A.
Cook: T re a s., E. F. Nicholson; S u p t., E. S. W ilde, all of New Bedford —
V. 63. p. 1061; V. 70, p. 947, 1050; V . 75, p. 1088; V . 88, p. 946; V. 89,
________ ^
p . 780.
NEW HAVEN, CONN.
CONSOLIDATED RAILW AY CO. (N. Y. N. H. & H .).
This co m p a n y , th e whole of w hose 510,000,000 stock was ow ned by the
New Y ork New H av en Se H a rtfo rd R ailroad Co., was on May 31 1907
(a fte r It had previously ta k e n over th e New E ngland N avigation Co. a t a
v a lu a tio n of $20,000,000 and Increased Its stock to $30,000,000 for the
purpose) consolidated w ith a n d m erged Into th e New Y ork New H aven &
H a rtfo rd R R . T he c h a rte r of th e New H aven Co. was am ended by
A ct of th e C onnecticut L egislature, app ro v ed M arch 26 1907, so as to perm it
th e m erger, a n d new stock of th e New H av en Co. w as Issued, share for
sh are, to rep resen t th e $30,000,000 stock of th e Consolidated R allw ayC o.;
V . 84, p. 1052, 1308. I t was d istin ctly provided th a t th e rig h ts, powers
a n d franchises of both com panies should be vested In th e enlarged com pany.
T he New Y ork New H aven & H a rtfo rd ’s Interests In trolley lines was very
ex te n siv e , a n d control of th e sam e was held th ro u g h th re e organizations,
th e C onnecticut lines h aving been com prised In th e Consolidated Railw ay
Co., now m erged In th e New H av en , th e M assachusetts s tre e t railw ay
p roperties being held by th e New E ngland In v e s tm e n t & Secu rity Co., and
th e R hode Island lines by th e Providence Securities Co. B u t, owing to the
adverse C ourt decision n o ted below, th e New H aven com pany has severed
dire c t connection w ith th e M assachusetts trolley lines. In a s ta te m e n t
m ade to th e M assachusetts L egislature In F eb . 1909 (V. 88, p. 506) It was
announced th a t th e New E ngland N avigation Co. had acquired by purchase
th e com m on sh ares a ctu ally Issued of th e New E ngland In v e stm e n t &
S ecurity Co. a n d th a t th e Indebtedness of the la tte r was also held by the
N avigatio n Co. F u rth erm o re , th a t all th e shares of th e New E ngland
In v e s tm e n t Sc S ecu rity Co. held by th e N avigation Co. had been sold to
individuals for cash. In th e New H aven an n u al re p o rt for 1908-09 Pres.
Mellon s ta te d th a t th e stocks a n d Indebtedness of th e W orcester & W ebster
S tre e t Ity . an d of th e W ebster & D udley S tree t R y. had also been disposed
of, “ thu s closing o u t th e la st financial In te re st of y o u r com pany In M assa
c h u se tts s tre e t railw ay s.”
Control of Trolley Roads Attacked.— T he Suprem e Ju d icial C ourt on May 8
1908 decided th a t th e New York New H aven & H artford R R ., In securing
control of M assachusetts s tre e t railw ays, was transgressing th e law; (see
V. 86, p . 1225, 12 8 5 .), a n d on J u n e 23 1908 C o u rt Issued Its decree p ro h ib it
ing New H av en road from exercising any ow nership over sam e d ire c tly or
Indirectly a fte r J u ly 1 1909. V. 86, p. 1590. On M ar. 2 1909, full bench
of Mass. Suprem e C ourt affirm ed this decree. V. 88, p. 625. On May 22
1908 the Federal G overnm ent began a n a ctio n a g ain st th e New Y ork New
H aven & H a rtfo rd , assertin g th a t th e acquisition of th e trolley lines In the
various S ta te s, as well as the B oston & M aine, was In violation of th e S h e r
m an A n ti-T ru st Law . V. 86, p. 1285. In Ju n e 1909, how ever, Mr. Wickersh am , th e new U n ited S ta te s A tto rn ey -G en eral, announced th e a b an d o n
m e n t of th e s u it. V. 88, p. 1621.
O v e r i t l n a C o m p a n y . —T h e lines com prising th e Consolidated R y . are
being o p e ra te d since Ju n e 1 1907 by th e C onnecticut Co. (Incorporated In
C onnecticu t w ith $250,000 stock); since Increased to $275,000), th e New
H a v en ’s o p e ra tin g electric com pany.
O R G A N IZ A T IO N .— T h e C onsolidated R ailw ay Co. was Inco rp o rated In
C onnecticu t on A ug. 31 1901 as th e Thom pson T ram w ay Co., b u t nam e
changed on J a n . 24 1902 to W orcester & C onnecticut E a ste rn R R . a nd then
changed on May 18 1904 to C onsolidated R ailw ay Co.
T he following com panies have been absorbed or are leased or controlled:
‘ '
- - V -•
B ennington & H ooslck —alley R y New E ngland N avigation Co. V .8 4 ,
p. 1052.
•
V . 84, p. 101.
B ennington Sc N o rth A dam s S t. R y. New H aven S t. R y . V . 79, p. 989.
New H aven & C entreville S tree t R y .
V. 84, p. 1181.
V. 78, p. 989.
B ranford Lighting & W ater Co. V.
New H av . & W . H aven H orse R R .
81, p. 155, 210.
C olum bian S tree t R y . V . 83, p .1290 New London S tre e t R y . V. 79. p.268
C onnecticut R ailw ay Sc Lighting Co. New Milford Pow er Co. V . 8 3,p .1524.
N . Y . & S tam fo rd R y . V . 80, p. 118.
V . 83, p. 1524.
V. 88, p. 625, 1197.
D anielson & N orw ich S tree t R y . V.
N orw ich S treet R y . V . 79, p .2 6 8
79. p. 268.
E . H artfo rd Sc G lasto n b u ry S t. R y. People's T ram w ay Co.
F a ir H a v .& W estv R R . V 78 ,p . 989. P rovidence Securities Co. V . 83,
p. 1525.
F arm in g to n S tre e t R y. V. 69, p.
P u tn a m Sc T hom pson S tree t R y.
283; V. 89, p. 593.
G reenwich T ram . Co. V. * 0 ,p . 118. S tafford Springs S tree t R y.
H art.M an. &Rockv.T.Co. V.82,p.280. S tam ford S tree t R y .
Suffleld S tree t R y . V. 80, p . 1914.
H a rtfo rd & M iddletow n S tree t R y .
T orrlng. & W in. S t. R y . V .8 2 ,p.l437
H a rtfo rd S tree t R y .
V. 85, p. 1463.
H ousatonlc Pow er Co. V . 83, p. 1524.
M eriden Electric R y . V . 79, p. 268. Trolley E xpress Co.
M eriden Horse R R . V . 79, p .2 6 8 .
Village W ater Co. V . 80, p. 1914.
M eriden S o u th in g to n & Compounce W allingford T ram w ay Co.
T ram w ay Co. V. 83, p. 1524.
W est Shore R y . Co. V. 78, p. 989. •
M iddletow n S tree t R y . V. 79, p.268. W llllm a n tlc T rac . Co. V .8 1 ,p . 1176.
M ontville S tree t R y . V . 79, p . 268. W inchester A ve. R y . V. 78, p. 989
New E ngland In v e stm e n t & S ecurity W oonsocket S t. R y . V . 83, p. 1290.
W orcester & C onnecticut E a ste rn R R
Co. V. 83, p. 492, 1100.
j V . 79, p. 268.
F orm erly also ow ned several trolley roads In M assachusetts, b u t In 1906
these w ere tu rn e d over to th e New E n g lan d In v e stm e n t & S ecu rity Co.,
ex cep t th e W orcester & W eb ster and th e W ebster Sc D udley. V. 83, p. 492,
a nd in 1909 these la tte r were also disposed of. V. 89, p. 163. In 1907
acquired th ro u g h purchase th e New E ngland N av. Co. V. 84, p. 1052.
T he N . Y. N . II. & H . R R . offered to exchange $100 of Its sto ck for $200
of certa in Issues of th is co m p an y ’s d eb en tu res. See V . 82, p. 803, and
V. 83, p. 1037. $17,347,000 or d eb en tu res have been so exchanged for
$8,673,000 N . Y. N H . & H . R R . Stock. See V. 84, p. 1114. T he follow
ing shows th e d etails for each Issue of d e b en tu res;
Issu e —
D e b e n tu r e s o f T h e C o n s o lid a te d R a i lw a y C o m p a n y .
E x c h a n g e d _ S t i l l O u t,
f o r S t o c k . E x c h a n g e ’b le
A u th o r iz e d .
Issu e d .
Ju ly 1 ’04, 5 0 -y r., 4g J - J . $5,000,000 $5,000,000
J a n . 2 ’05, 5 0 -y r., 4 g J-J . 4,000,000
4,000,000
A p. 1 ’05, 5 0 -y r., 4g A-O. 3.500.000 *3,500,000
J a n . 1 ’06, 5 0 -y r., 4g J - J . 10,000,000 *10,000,000
Mch. 1 ’07,10-yr.,5% , c o n . 15,000,000
5,000,000
646,000 a$4,354,000
1,650,000 a 2 .350,000
2,159,000 a l .341,000
7,892,000 02,108,000
5,000,000 ...................
T o tal exchangeable ...$ 3 7 ,5 0 0 ,0 0 0 $27,500,000 $17,347,000 $10,153,000
Feb. 1 1905, 2 5 -y r., 3, Z y 3
a nd 4 g F -A ..................... 1,000,000
1,000,000 N o t exchange'le for stock
T o tal of a ll........................ $38,500,000 $27,500,000 $17,347,000 $11,153,000
* G u a ra n tee d , principal an d In te re st, by N . Y . N . H . & H . R R .
a These am o u n ts can n o t be Increased, as rem ain d er of Issues has been
canceled .
.
T he d eb en tu res are In coupon form of $1 ,000 each and fully registered
d e b en tu re s of $10,000 each, which are n o n -ln terch an g eab le. In te re st m ay
be collected In New Y ork C ity and Boston.
I n te r e s t.
O u ts ta n d in g . M a tu r i ty
BONDS—
Date.
5 g M-S
$283,000 S ept. 1 1933
N H Sc C enterville first m tgel 1893
gold, assum ed by F H & W f
N e w H a v e n S t r e e t R R .—
5 g M-S
600,000 S e p t. 1 1913
F irst m tge gold, $000,0001 1893
($500 and $1,000)____ c*j In t. a t Am or. T r. Co., B oston, 'I r . , o r N .Y .
250,000 Ju n e 1 1914
5 J-D
Consol, m ortgage $250,000 g j 1894
($1,000) n o t subj to c a l l . . c l l n t . a t A m erican T r. Co., B oston, T ru stee.
W inchester A venue first mort-1 1892 5 g M-N
500,000 N ov. 1 1912
gage, gold......................... c * ) In te re st a t Boston Safe D cp. Sc T r. Co., BosJ to n , T ru ste e , or New Y ork.
W est Shore R y first m ortgage] 1894
5 J -J
30,000 Ju ly 11914
$30,000, gold, subj to c a l l- \I n t. a t M erchants’ N a t. B ank, New H aven.
H artford S t. R y, now 1st m tg l
1900 4 g ai-S
2,500,000 Sept 11930
$3,000,000 ($1,000) g __ c* 1-Conn. T r. Sc Safe Dep. Co., H a rtfo rd , TrusJ tee. In te re st a t New Y ork or Boston.
H artford S t R y deben "M ” . . .
1900 4 J -J 15
105,000 J a n . 11930
H artford St R y deben “ N ” . . .
1900 4 M J -J 15
145,000 J a n . 11030
Wore Sc Conn E ast 1st M s f g/ 1002 4 H g J -J
1,992,000 J a n . 11943
$3,100,000 ($ 1 ,0 0 0 )___ c + lln te re s t a t New Y ork T ru st Co., T rustee.
200,000 O ct. 1 1924
H art Man Sc R ock first m tgel 1894 5 A-O
$300,000 ($1,000) g old ----- /
Meriden H orse R R first m tg e / 1891 5 A-O
85,000 O ct. 1 1911
$100,000 ($1,000)________ lln te re s t a t F irst N ational B ank, M eriden.
Meriden Horse R ailroad con-f 1894 5 g J -J
415,000 J a n . 1 1924
sol. m o rt., gold, $500,000--] In te re st a t G irard T ru st Co. of P hiladelphia
(S tate T reasurer of C onnecticut, T rustee.
Mer S outh Sc Comp 1st M g,l 1898 5 g J -J
175,000 Ju ly 1 1928
$200,000 ($1,000) c*. call-)
O ptional a t 110 a nd Interest,
able a t 110 since 1903____ j In te re st a t T ru st Co.of A m erica, New Y ork.
Ben Sc H V first m tge 5250,-/ 1897 5 J -J
4,600 J a n . 1 1928
000 g ($500 Sc $1,000)___ c l l n t . a t In te rn a tio n a l T ru st Co., B oston, T rus.
New London S tree t R y first/ 1893
5 g A-O
150,000 O c t.2 1923
m tge, $150,000, gold_____lln te re s t a t A m erican T ru st Co., B oston.
5 g J-D
150,000 D ec. 1 1917
T orr & W in first m o rtg ag e ,/ 1897
$150,000, gold_________ c * lln t. a t H u rlb u rt N a t. B an k , W lnsted, Conn.
Norwich S treet R y first m tg e / 1893
5 g A-O
350,000 O ct. 2 1923
$350,000 ($1,000), gold_ (In te re s t a t A m erican T ru st Co., B oston.
_
M ontville S tree t R y first m tgel 1900 5 g M-N
250,000 M ay 1 1920
$350,000 ($1,000), g o ld )In te re st a t A m erican T ru st Co., B oston,
(cannot be c alled )______c*/
„
„ „„„„
5 g A-O
450,000 O ct. 11931
N Y .& S ta m first m tge, $450,-/ 1901
000 ($1,000) gold ............. c * l l n t . a t New Y ork T ru st Co., N . Y ., T ru stee.
N . Y. Sc S tam ford 2nd m tg e ./
$2,000,000 _______________/ ____
5
274,000 ---------------Greenwich T ram w ay first] 1901
5 g J -J
320,000 Ju ly 1 1931
gage $400,000 ($ 1 ,000 ) , (In te re s t a t New Y ork T ru st Co., New Y ork,
gold
..................... c*J S ta te T reasurer of C onnectlcut^T rustee.
150.000 Dec. 1 1914
Mill’ . H orse R R 1st g ($500) — 1894
d
5 J-D
30.000 N ov. 1 1916
P o rtla n d S t R y first m o rtg ag e . 1896
5 M-N
63.000 O ct. 1 1937
B ranford E lectric Co first M — 1897
5 g A-O
307.000 Aug. 1 1951
B ranford L tg & W ls tc o n M .. 1901
5 g F-A
1,000,000 A ug. 1 1932
New Milford Pow er Co 1st M . -----5 F-A
4K),P00 July 1 1956
Staff <rd Springs St R y 1st M g ----5 J -J
30.000 Ju ly 1 1924
5 J -J
F arm ington S t R y debentures 1904
B o n d s . —T he Consolidated R y. debentures a re n o t su b ject to call
All
the d ebentures have p rin ted on th eir face th e s ta te m e n t th a t If a m ortgage
Is m ade on a ny or all of th e com pany's p ro p e rty w hich was ow ned on J a n . 1
1905, except to renew existing m ortgages, th e debentures shall p a rtic ip a te
In th e security of such m ortgage. T he d ebentures due In 1930 bear 3%
Interest from Feb. 1 1905 for first 5 years, 3 ^ % for n e x t 5 y ears, a nd 4 % for
following 15 years, and w ere Issued to p ay for acquiring th e B erkshire S tree t
R y. (V. 80, p. 471) .which com pany was subsequently acquired by th e New
England In v e stm e n t & Security Co. which see below. T he $3,500,000 d e
bentures due April 1 1955 w ere Issued to acquire th e H artfo rd S tree t R y.
The $10,000,000 d ebentures of J a n . 1906 were Issued to th e N . Y. N . H . &
H artford for advances.
T he W inchester A venue bonds are Joint obligations of th e W inchester
A venue R R . Co. and th e New H aven & W est H aven and cover all pro p erty
owned or to be hereafter acquired under th e c h arte rs. Of th e W orcester
& C onnecticut E astern bonds, no m ore will be Issued. A sinking fund on
these bonds com m enced In 1908 of n o t to exceed 1 % of bonds o u tsta n d in g .
Bonds can not be called, but m ay be bought on a 3 s( % basis or b e tte r, and
k ept alive for sinking fund. See V . 75, p. 1204. Of th e M ontville S tre e t
R y. 1st m tge. gold bonds, the balance unissued can only be Issued for 66 % of
actual certified cost of Im provem ents or additions to p ro p e rty . O riginal
m ortgage of th e M ontville S tree t R y. provided th a t bonds m ight be called
In 1905 a t 105, b u t through a supplem ental m ortgage this redem ption clause
was elim inated, so bonds are no t now subject to call.
E A R N IN G S .— Of C onnecticut Co. (which operates th e lines form erly
o p e ra te d by th e C onsolidated R y. Co.) for y ear ending Ju n e 30 1909: gross.
$7,988,832; n e t, $3,083,228; tax es. S e c ., $38,913; net incom e, $3,644,315.
R O A D .— C onnecticut Co. o perates lines serving th e following cities and
tow ns: Cities of New H aven, H a rtfo rd , B ridgeport, W aterb u ry , New
B rita in , M eriden, New London, Norw ich, M iddletow n, S tam ford, S outh
N orw alk, R ockville, D erby, Ansonla, a nd th e tow ns of E ast H aven, B ran
ford, N o rth H av en , W allingford, H am den, O range, Southington, Plalnvllle, P u tn a m , T hom pson, K llllngly, Plainfield, W aterford, M ontville,
N orw ich, L isbon, S prague, P o rtla n d , W ethersfield. W est H artfo rd , F a rm
ington, Bloomfield, W indsor, E a st H artfo rd , S outh W indsor, M anchester,
Enfield, G lastonbury, Suffleld, G reenwich, S tra tfo rd , M ilford, H u n tin g to n ,
F airfield, W estp o rt, N orw alk, D arien, N augatuck, T orrlngton, W inchester,
Beacon Falls, Seym our, Cheshire, N ewington a nd Berlin, Connecticut: and
th e tow ns of R ye, P o rt C hester, H arrison, M am aroneck a nd New Rochelle,
New Y ork. O perates 770 miles In a ll, single tra c k . Cars o perated J u n e 30
1908,1,855. S ta n d a rd gauge.
O F F IC E R S .— P res., C. S. Mellon; V .-P s., C alvert Tow nley, H . M.
K ochersperger, E . H . M cH enry; Sec., J . G. P arker: T rea s., A. S. May;
Asst. T reas., T. F. Paradise: A ud., C. L. Cam pbell: Gen. M gr., J . K .
P underford, all of New H av en .— V. 84, p. 102, 507, 995, 1052, 1113. 1242,
1367, 1425; V. 86, p. 1285, 1467.
(1) Connecticut Railway & Lighting Co.
L e a s e . — Leased for 999 years from A ug. 1 1906 to the Consolidated Ry,.
Co., which la tte r has since been m erged In the N . Y. N . H . & I t. R R . Co.
R ental am ounted to $975,000 for the y ear 1906-07 and Increases gradually
to $1,400,000 for the y ear 1914-15 and for every y ear th e re a fte r. T he
com m on shareholders agreed to pay the Colonial T ru st C o., tru s te e , $10 per
share on their stock, w hich, w ith the surplus re n ta l received under the lease,
serves to provide a fund w hich, It Is announced, Is sufficient to p a y 4 % per
annum on both com. and pref. shares. All th e stock has assented to tills
arrangem ent. Preferred shareholders agreed to accept 4% dividends d u r
ing th e term of th e lease, Instead of 5 % . V. 8 4 , p. 507.
.... .
O R G A N IZ A T IO N — U nited Gas Im provem ent Co. of P hiladelphia holds
controlling Interest. Originally chartered In C onnecticut J u lv 2 l8.)o as
the Gas Supply Co. C harter am ended and nam e changed March 2 1899 to
C onnecticut Lighting & Pow er C o., for th e p urpose of u n iting various stre et
ra lway and light and pow er properties In C onnecticut. N am e changed as
a t present on Ja n . 10 1901. V . 71, p . 1269; V . 7 2 ,p .4 4 . I t Is a consolida
tion of the following com panies, w hose franchises are said to be p e rp e tu a l:
B ridgeport T raction Co.
N orw alk & So. N orw alk El. L ight Co.
C entral R y. Sc El. Co. of New B rit.
N orw alk S tree t R ailw ay Co.
D erby S tree t R ailw ay Co.
N orw alk T ram w ay Co.
Greenwich Gas & E lectric L tg. Co.
Shelton S treet R ailw ay Co.
Milford S treet R ailw ay Co.
S ?u th ln f t n A ,r J ? l l t.s
Z.lli C
nTrarKwaJ ’
N augatuck E lectric Light Co.
Ih o m a sto n Sc W atertow n E lec.R y.C o
N orw alk Gas Light Co
W aterb u ry Traction Co.
VVestport & S augatuck .Street R y.C o.
In 1904 purchased the R oton P o in t Im provem ent Co. and the Cheshire
S treet R y. See V. 79. p. 2696. N either of these com panies had a ny bonds
o u tstanding. H as also acquired the N augatuck Valley E lectric Ity .
STOCK AND B O N D S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
----------$8,977,200
See te x t
Common stock ( $ 1 0 0 )---------- -------P ref 5% cum a fte r J a n 1 19041
($100) (reduced to 4 % u n -) ____
Q-F 15 8,142,000 A ug.15,’09,1 %
der lease to New H av. Co.)J
1st & ref $15,000,000 gold] 1901 4 H g J - J
12,491.009 J a n 11951
($1,000) sinking fu n d — c * JIn t. a t T ru st Co. of A m e r., N. Y ., T rustee.
B ridgeport T raction raort-f 1893
5 g J-J
706,000 Ju ly 1 1 9 2 8
gage gold ($1,000)............c* T ru stee. Fidelity T r. C o , N ew ark, N . J
lln te re s t a t R edm ond Sc Co., New Y ork.
D erby S tree t R ailw ay m o rt-\ 1894 6 A-O
59,700 A pril 1 1914
g a g e _________ _____ _____ / R edeem able a fte r April 2 1904.
C onnecticut L ighting Sc Pow er 1899 5 J -J
209.000 J a n 1 1939
R o n d s . — $974,700 of bonds arc reserved to retire the prior bonds still o u t.
The rem aining $1,534,300 was reserved for extensions or b e tte rm e n ts, b u t
u n d e r lease to th e New H aven road c an n o t be Issued for an y purpose w ithout
consent of lessee. V. 84, p. 507. S ta te m e n t to New Y ork Stock Exchange
In V. 73, p. 852: also V. 79. p. 2745; also V. 85, p. 921.
B onds were form erly n o t su b ject to call, b u t on Ju n e 23 1904 a supple
m en tal m ortgage was m ade giving th e rig h t to call bonds on any Interest
d a te a t 105 and Interest, and establishing a s i n k i n g f u n d of H of 1 % per a n
num on bonds o u tstan d in g ; bonds acquired by th e sinking fund are to be
k e p t alive a n d b ear Interest. B ondholders assenting to th e supplem ental
m ortgage had th e ir Interest g u aran teed by th e U nited Gas Im provem ent
Co. by endorsem ent. See V. 79. p. 020, for form of g u a ra n ty . Offer exIred O ct. 1 1904 and was accepted by $10,782,000 of o u tsta n d in g bonds,
ee V. 83, p. 969.
D i v i d e n d s . — Preferred stock was Issued In satisfactio n of unpaid accum u
lation s of dividends on preferred shares to Aug. 1 1900. D ividends since
on pref. stock have been 1 % each q u a rte r. On com ., stockholders who ac
cepted plan described above (under I .c a s e ) w ere paid 1% Nov. 1 1907. 1%
F eb. 15 1908, 1% May 15, 1% Aug. 15 an d 1% Nov. 15; In 1909, F e b .,
1% ; M ay, 1%; A ug., 1% . N on-assenting stockholders received a divi
dend of 15 cents Nov. 1 1907. 15 cents Feb. 15 1908 a n d 15 cents May 15,
a fte r which all stock becam e assen tin g stock.
R O A D .— Owns 157.801 miles m ain, 57.05 miles second a n d 0.730 miles
side track s: to ta l, 222.190 miles, reaching M ilford, B ridgeport, S tra tfo rd ,
S o u th p o rt, Shelton, D erby, A nsonla, Seym our, W estp o rt, S augatuck
N orw alk, S outh N orw alk, New B ritain , D arien a n d Stam ford; also lines In
N au g atu ck , W aterb u ry , &c. System connects w ith the F air H aven <
&
W estvlllc R R . Into New H aven from B ridgeport and D erby, a n d com pany
also has a traffic c o n tra c t w ith th e H artfo rd S tre e t R y. for reaching H a rt
ford. Gauge, 4 fe e t 8JS Inches. 56 to 90-lb. rails.
E Q U IP M E N T .— T o tal cars, 474; closed passenger, 199; open passenger,
201; m iscellaneous, 74. C arb arn s, 20; also 4 com plete electric lig ht plants;
also owns gas p la n t a t N orw alk a n d o p erates gas p la n t a t W aterb u ry .
R E P O R T .— For y ear ending Ju n e 30 1908: R en tal, $1,039,167: dividend
fu n d . &c., $230,284; gross Income, $1,269,451: In terest, $611,427: expen
ses, $10,328; n e t Income, $647,696; sinking fund, $62,405: div idends on
p referred , $304,515; dividends on com m on. $269,189: surolus. $11,587.
O F F IC E R S .— P res., A . M. Young; V .-P s., R an d al M organ and II. G .
R unklc; Sec., W . F . D o u th lrt; T reas., Lewis Lillie. Main office, New
H aven , C onn.— V. 84, p. 390, 507, 1113, 1366; V. 85. p. 921: V. 86, p. 228.
STOCK & B O N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $900,000 ($ 100 ) ................................................
$900,000 See te x t.
1st
m ortgage.
$500,000,1 1902
5 g J -J
330,000 J a n . 1 1922
gold ($1,000)--------------- c * /I n t. a t H am pden T r. Co., Springfield, T ru s.
C u rrent liabilities S ept. 30 1908 ........
..............
166,527 .....................
B o n d s . —R em ain d er unissued Is reserved for 50 p . c . of the c ost of Im
provem ents and extensions. Are subject to call a fte r J a n . 1 1907 a t 110;
a fte r J a n . 1 1912 a t 107 , and a fte r J a n . 1 1917 a t 105.
R O A D .— Fifteen miles from M onson th ro u g h P alm er to W are an d 5
miles from P alm er to B ondsvllle and T hree R ivers: also a n extension of 9 Vi
miles from P alm er to Ludlow: an extension from Monson to F lskdale, a b o u t
12 m iles, w as com pleted In 1907: to ta l, Including sidings, 43.45 m iles
— V. 81 , p. 1175, 1316, 1494: V. 85, p. 42, 223, 655.
(c)
W estern M assa c h u se tts S treet R y.— A trolley road.
O R G A N IZ A T IO N .— Inco rp o rated In M assachusetts. P urchase of W oronoco S tre e t R y. and Issue of $250,000 a d ditional stock for th a t purpose
approved by M assachusetts R R . Commission A pril 1907. V. 84, p. 1054.
Stock now $550,000, all owned by Springfield R y . Cos.
STOCK AND B O N D S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock $550,000 ..............................................................
$550,000 ...............
Ist,i?°„ri g? ge *1.000.000 gold! 1906 5 g F-A
200,000 Feb 1 1 9 2 6
--------- j l n t . a t S prlngf’d S. D . & Tr. Co., T ru stee.
($1,000) -----------W oronoco S tree t R y first! 1900 5 g J - J
75,000 J a n . 1 1 9 2 0
m ortgage gold ( $ 1 ,0 0 0 ) .../Springfield Safe D ep. & T ru st C o., T ru ste e .
C urrent liabilities Sept 30 1908 ....................... ..
1 3 7 ,1 2 0 .....................
fl°n ds.— Are subject to call as a whole, b u t n o t In p a rt, on or a fte r J a n . 1
1916 a t 108 a nd Interest on 6 m o n th s’ notice.
R O A D .— O perates 25.28 miles of track In W estfield, W est Springfield,
Russell and H u n tin g to n . 70-lb. T ra il.— V . 84. p . 160, 1054.
(2) B erkshire Street R y,— A trolley road.
On J u n e i s uioa a bill io p erm it tn e B erkshire S tree t R y . to purchase the
stock of th e B ennington & N orth A dam s S tree t R R . w as killed In th e M ass.
H ouse of R epresentatives.
_ O R G A N IZ A T IO N .— in c o rp o ra te d in M assachusetts on J u n e 20 1901.
Franchise p e rp e tu a l. In 1906 absorbed th e H oosac Valley S tre e t R y .
In M ay 1908 application w as m ade to Issue
$285,000 additional stock to fund tne floating d e b t an d for a d d itio n s to
p la n t. V. 86, p . 1099. N ot y e t a cted on. On Aug. 4 1909 Mass. R R .
a u tt or zecl * 19° . ° 00 20-year 5% d e b en tu re s, b u t up to S ept. 15
1909 these had n o t been Issued. V. 89, p. 410.
NEW ENQLAND INVESTA1ENT & SECURITY CO.
STOCK AND B O N D S.— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
O R G A N IZ A T IO N .— Is a v o lu n tary association a n d was organized on
$1 648 100
Ju n e 25 1906 to tak e over th e stre e t railw ay properties In M assachusetts Stock, $1,648,100 ($ 100 ) .......................................
form erly controlled by The Consolidated R ailw ay Co. V. 83, p. 492. 1st m ortgage $800,000 goldl 1902 5 g J D
800,000 J u n e 'i 'l 9 2 2
S u i t s .— In Ju n e 1908 M ackay & Co. of New Y ork b ro u g h t su it in C on
($ 1 .0 0 0 ).............................. c * /G irard T m st Co., P h iladelphia, T ru stee.
necticu t w ith a view of ob tain in g from Suprem e C o u rt of E rro rs a decision Berkshire S tree t R y d e b ............ 1905 5 g M-S
2 <;o,000 Mch 1 1 9 2 5
5 J-J
100,000 J u ly 1 1 917
sustain in g action of New H aven Co. In Issuing securities of th e com pany Hoosac Valley 1st m tg e ..........( 1897
and of subsidiary com panies u n d er special a u th o rity of G eneral Assem bly „
„ „
„
t i n t , a t New E ng. T r. Co., B oston, T ru ste e .
of C onnecticut, w ith o u t h aving first o b tain ed perm ission of Legislature of Hoosac V alley ref m tge $400,-1 1904 4 g M-S
300,000 S ept 1 1 9 2 4
M assachusetts. V. 86, p. 1590. On April 15 1909, Suprem e C ourt of
000 gold ($1,000).................j l n t . a t B erkshire L. & T r. Co., P ltts f ., T rus.
Errors affirm ed th e decision of th e lower C ourt, a n d sustained th e v a lidity Loans payable S ept 30 1908.....................................
366 067 .....................
of tho gu ar, on th e pref. sto ck . V. 88, p. 1002.
B o n d s . —T he B erkshire S tree t R y. bonds of 1902 are n o t su b ject to call.
On Ju ly 15 1908 K idder, P eabody & Co. of Boston filed a su it In Suprem e In te re st Is payable a nd bonds m ay be registered a t office of N . W . H a rris
Judicial C o u rt of M assachusetts w ith a view of o b tain in g a decision s u sta in & G o., B oston. T he B erkshire S tree t R y . d ebentures are g u aranteed by
ing va lid ity of th e g u a ra n ty of th e 4 % preferred sto ck of New E ngland Consolidated R y. Co.
In v e stm e n t & Security Co. by Consolidated R y .,a n d liab ility of New H aven
E A R N IN G S .— F o r fiscal y e ar ending S e p t. 30 1908: G ross, $404,818;
road therefor by reason of Its m erger w ith th e sam e. V. 87, p. 167. The n e t, $110,716; in terest an d tax es, $109,439: surplus, $1,277.
N . E. In v e stm e n t & S ecurity Co. Is n o t a p a rty to e ith e r of these suits a nd
R O A D .— O perates from Pittsfield through Cheshire to G reat B a rrin g to n ,
Is no t ta k in g an y p a rt In th em . The la tte r su it Is pending In M assachusetts. 42.234 miles; 11.66 miles on p riv a te rig h t of w ay; 70-lb. T -rall. Also 26
N e w H a v e n R o a d D i v e s t s I t s e l f o f C o n t r o l .— In Feb. 1909 the N . Y. N . H .
miles from N orth A dam s to P ittsfield, 6 miles from A dam s to N o rth A dam s
& H . announced to th e M assachusetts Legislature (V. 88, p. 506) th a t It a nd 2 H miles from W UUamstown to V erm ont S ta te line. T o tal, a b o u t
had disposed of all of Its In terest In tho com m on shares of th e N . E. In v . 72.43 m iles of tra c k .— V. 84, p. 995; V. 86, p. 1099; V. 89, p. 410.
& Sec. Co. for cash to Individuals a n d th a t It no longer had an y Interest In
(3) C entral M assa c h u se tts Electric Co.—
th e sam e, d irect or Indirect—see rem ark s concerning th e m a tte r under
ORGAN
T N .— In
C onsolidated R y. on a preceding page and V. 88, p. 945. In Ju ly 1909 a m a to rlty IZ Ath IO stock. 1907 th e New E ngland In v e stm e n t Co. acquired
of
e
Pres. Mellon of th e N . Y. N. H . & H . w rote C. E . M ann, Clerk of Mass.
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
R R . C om m ., "th is com pany Is no longer d irectly o r Indirectly concerned S t STOCK AN D BONDS—
o c k ................................................................................
$150,000 J ’ly31’09 8 %
In the control of an y s tre e t railw ays In M assachusetts,” th u s com plying
$150,000 gold!
Feb
1924
w ith th e C ourt decree th a t It m ust div est Itself of all Its holdings in s tre e t F irst m ortgage.$500)---------- c / I n1894t In 6 g F-A n a l T r. 150,000 oston, 1 ru st.
($1,000 and
t. a
te rn a tio
C o., B
T
railw ays In M assachusetts by Ju ly 1 1909. See V. 80, p. 163.
Coupon n otes, $60,000($1,0001 1904
5 g M-N
60,000 M ay 1 1 9 2 4
S E C U R IT IE S O W N E D .— The following Is a list of stocks held b y th e
and $500) g o ld ----------------c jIn te re s t a t Essex T ru st Co., L ynn, T ru stee.
N ew England Inv. & S ecu rity Co. (see V. 83, p. 1100).
B o n d s .— F irst m ortgage bonds have a sinking fund of $2,500 a n n u a lly ,
W orcester & Southbridge S tre e t R y .— E n tire ($750,000) c ap ital stock.
com m encing Feb. 1 1904. C annot be called. T he coupon n otes can be
W orcester & B lackstone Valley S t. R y .— E n tire ($200,000) c ap ita l sto ck . called on a n y In terest d a y a fte r May 1 1909 a t 103. Sinking fund of
U xbridge & B lackstone S t. R y .— E n tire ($120,000) c ap ital stock.
$2,000 to $3,000 a n n u ally , beginning 1909.
Milford A ttleboro & W oonsocket S t. R y .— $315,000 cap ital stock.
D i v i d e n d s . — In itial d lv .— 6 % — paid A ug. 17 1908.
In 1909, J u ly , 8 % .
W orcester R ys. & In v e stm e n t Co.— 68,470 shares of sto ck o u t of a to tal
(4) W orcester & B lackstone Valley Street R y.— A trolley ro ad .
of 76.6 il shares.
OR
T
15.9) miles of trolley. O pened
1897.
Springfield R ailw ay Cos.— 50,000 shares (entire Issue) of com m on stock. R oad G A N IZ AIn IO N .— Owns M lllbury, S u tto n , G rafton and A ug. 14 rld g e.
located
W orcester,
N o rth b
Springfield R y . Cos.— $570,350 o u t of a to ta l of $3,387,950 p ref. sto ck . C apital sto ck , $200,000 ($100). all ou tsta n d in g ; bonds, $200,000. C u rre n t
(Spring. R y . Cos. owns 10,253 o u t of a to ta l of 22,581 shares of Springfield liabilities S ept. 30 1908, $31,454. T he extension from M lllbury to W or
S tree t R y. am i en tire $550,000 stock of W estern Mass. S tre e t R y.)
cester, a distance of 6 miles, was finished in O ct. 1901, th u s com pleting th e
Springfield S treet R y .— $306,600 c a p ita l sto ck .
line from W orcester to W hltlnsvllle, a to ta l of 15.99 miles.
B erkshire S treet R y .— $1,628,800 o u t of a to ta l of $1,648,100 c a p ita l stk .
H artfo rd & W orcester S tree t R y .— Stock rights In 2,999 shares of sto ck . In D IV IDJE N D S .— In J u ly 1899, 4% ; 1900, J u ly , 4 % . In 1908, A ug., 7 % .
1909, u ly , 8% .
Springfield & E astern S t. R y . Co.— $881,100 o u t of a to ta l of $900,000.
E
ear ending S ept.
C entral M assachusetts Elec. Co.— A m a jo rity of th e $150,000 stock Issue. 005;A R N IN G S .— F or ysurplus, $18,465. 30 1908, gross, $86,906; n e t, $33,
charges, $14,540:
STOCK AND BO N D S—
D a te .
In te r e st.
O u ts ta n d in g .
S to c k D lv .
(5) U xbridge & B lackstone S treet R y.
..............
$100,000
Common, $10,000,000 .......................
STOCK AND B O N D S.—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
.....................
P ref., 4 % . $10,000,000($100)1
c
..............
$120,000 In 1 9 0 8 ,2 %
See te x t.
/ -----4 J -J
4,000,000 J u ly ’09.2% S t o mk .........................................................
1st tge $80,000 ($1,000). . c l 1903
5 F-A
80.000 F eb 2 1923
S t o c k . — Dividends of 4 % p er an n u m on th e pref. sto ck are cum ulative
l
a nd arc g u aran teed by th e Consolidated R y. Co. (now m erged In th e New C urrent liabilities S ept 30 1 9 0j<n t . a t M ercantile T ru st Co., B oston, T ru st
___
_______
6,126 __________
York New H aven & H artfo rd R R .). an d also $105 p er sh are In case of
E A R N IN G S .— For year ending S ept. 30 1908, gross, $52,305: n e t, $15,
liquidatio n . V. 83, p. 492. See form of g u a ra n ty In V. 83, 1102. This
charges,
$2,146.
stock m ay be called as a n e n tire ty a t a n y tim e a t 105 an d accu m ulated 457: O A D .— O$8,511; dividends (4% ), c$4,800; surplus, hltlnsvllle, U xbridge
R
perates 9.48 miles of tra k connecting W
dividends.
V. 84, p. 1429; V. 85, p. 223.
O f f i c e r s . — P res., L. S. Storrs; Sec. & C o m p t., J . T. H arm cr, M assachu and M illville.
(6) W orcester & Southbridge Street R y.— A trolley ro a d .
se tts B ldg., Springfield, Mass.; T rea s., L cv erctt C andee.—-V. 85, p. 864
Is a consolidation of th e W orcester & Southbridge S t. R y ., th e W orcester
V. 87, p. 167, 1664; V. 88. p. 52. 506, 624, 945, 1002.
R ockdale & C harlton D epot S t. R y. a nd th e S outhbridge & S tu rb rld g e S t.
(1) Springfield R ailw ay Cos,— A holding com pany.
O R G A N IZ A T IO N .— Form ed In M arch 1905 to hold a m a jo rity of tho R y. V. 77. p.D512, 770, 1 2 2 8 . D a t e .
STOCK AN
I n te r e s t.
O u ts ta n d in g . M a t u r i t y .
stock of th e Springfield S tree t R y. Is m anaged by a board of trustees Stock $750,000 ($BO N D S.—
................................................
$750,000 ...............__
consisting of seven m em bers. V . 80, p . 1363. Also owns all th e stock of W or & S outh 1st100 )tge (S e e \ 1902 4 H g M-S
m
500,000 S ept 1 1923
the W estern M assachusetts S tree t R y .— $550,000.
t e x t ) gold ($1,000)--------- c * jln t. a t In te m a t. T u rst C o., B oston, T ru stee.
STOCK A N D BO N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
L a s t D lv .
W or & S outh m tge (See t e x t ) . . 1905 4 < g J-D
-$
200,000 J u n e 1 1925
C om m on____________________ All owned by New Eng. In v & Sec. Co.
C urrent liabilities S e p t.30 1908 ..............................
29 755
P ref. 4 %, c u m ., guar. ($100)............
4 J -J
$3,387,950 J u l y ’09, 2%
B o n d s .— T he tw o Issues of bonds of th e W orcester & Southbridge S t. R y '
S t o c k . — T he pref. sto ck Is redeem able on or a fte r J a n . 1 1906 a t 105 and
secured
e sam e m ortgage, th e
bonds can
accrued dividends. These dividends are g u aran teed by th e N. Y. N . H . are Issued u pby th$1,000,000, an d are to m ortgage providing ath a t be p ayable
be
b ear d a te of Issue nd
& H . R R . Co., successor to Consolidated R y ., as well as th e ir p ay m e n t a t 20 years a fte r toa te .
d
105 In case of lla u ld a t on o r call. See V. 80 p. 1363 1914.
R O A D .— O perates a b o u t 50.63 miles of road: 70-lb. T rail.
(a) Springfield Street R y.— A trolley road
E A R N IN G S .— F or y ear ending S ept. 30 1908: G ross, $267,705; n e t,
O R G A N IZA TIO N .— In co rp o rated M arch 5 1868. In O ct. 1905 leased $104,214; charges, $71,655: surplus. $32,359.
th e Springfield & E a ste rn S tree t R y . for 25 years a t 4% on th e sto ck .
(7) W orcesler R ailw ays & In v e stm e n t Co.
V. 81, p. 1175, 1316. M assachusetts R ailroad Commissioners In M arch
In 1906 control was acquired by th e New E ngland In v . & S ecu rity Co.
1907 approved tho Issue of $300,000 additional stock a t 170, raising to ta l M inority shareholders w ere offered th e rig h t In O ct. 1906 of exchanging
stock to $2,258,100. In M ay 1908 application was m ade to Issue a fu rth er th e ir stock for pref. stock of th e New England Co. See V. 83, p. 1100.
am o u n t of $500,000 cap ital sto ck , to provide for floating d e b t and additions
This Is a v o lu n ta ry association form ed In 1901 and owns th e e n tire cap ita)
to p la n t. V. 86, p. l i o i . Up to S ep t. 1909 req u est had n o t been g ra n te d . stock (except only enough shares to qualify directors) of th e W orcester
C onsolidated S tre e t R y .C o .a n d of certa in o th e r M assachusetts co rp o ratio n s
STOCK AN D BO N D S—
D a te .
In te r e st.
O u ts ta n d in g
M a tu r ity
which are engaged In enterprises closely Identified w ith th a t of s tre e t railw ay
Stock, $2,258,100 ($ 10 0 ) ...................
T e x t.
$2,258,100
T ex t
New 1st M .. $1,500,000) 1903
4 g A-O
1,500.000 A pr. 1 1023 tra n s p o rta tio n .
T he holdings com prise 35,4 '1 shares W orcester C onsolidated S t. R y .
gold ($1,000)
c*/Springfield Safe D ep. & T ru st C o.. T rustee.
N otes pay ab le Sept. 30 100S.....................................
310,0 10 _____
stock; 6,500 shares E lectric M anufacturing Co.; 2,000 shares of Q ulnslga—'i ? years 1893 to 1908 Inclusive 8 % p er a n n u m .
**" m ond P a rk Co.: 28 shares of W orcester & S hrew sbury R R .; 1,600 shares
— 9 wns,
rallcs d o c . 24.51 miles of 2d track) of m ain tra c k of M arlboro & W estboro S tree t R y. a nd $84,600 d em an d notes of th a t com
and 5.56 m iles of sldlngs. T o tal 98.80.
This does n o t Include th e m ile pany, and $14,700 (par value) of notes of L eom inster & Clinton S tre e t R y .
a g e of th e Springfield & E astern .
Also owns $330,000 1st m tge. 5% bonds of E lectric Mfg. Co. and a m a jo rity
E A R N IN G S.— F o r years ending S ep t. 30 earnings (Including earnings of of shares of W orcester & H olden S t. R y. Co.
th e Springfield & E astern ):
*
ST O C K .— O utstan d in g , 7 6 ,6 '1 shares of beneficial In te re st, o f which19 0 7 -0 8 .
19 0 6 -0 7 .
1907-08 1906-07
68,470 shares have been acquired by th e New England In v e s tm e n t &
$
$
$
$
Security Co. Deed of tru s t provides th a t all shares shall be non-assesaGross e a r n s . . $ 1 , 3 1 7 , 1 3 9 $ 1 , 3 0 6 , 7 2 8 D ivs. p aid (8 % )..$ 1 8 0 ,6 4 8 $168,660 able, th a t there shall be no personal liability of the sh areholders, th a t
N e t ........................
4 4 2 ,2 2 4
3 9 4 ,9 2 9 Balance for y e a r ..
5,775
4,969 no pledge or m ortgage of th e securities held shall be m ade w ith o u t th e
T axes,. &c_ J.
_
T o tal su rp lu s S ep t.
consent of tw o-thirds of th e shares, a nd th a t no add itio n al shares shall be
I n t e r e s t ____ j
255,801
221,300
3 0 ______
327,277 367.530
Issued w ith o u t a tw o-thirds v ote. Shares a re said to be ex em p t from ta x a
— V . 81. p . 1175; V . 84,
p . 627; V. 85. p .
1271; V . 86, p . 1101. ’ In M assachusetts.
tio n
(b) Springfield & E astern Street R y,— Trolley.
D IV ID E N D S .— D ividends of $2 25 p e r share were paid p F eb . and A ug.
O R G A N IZ A T IO N .— In O ct. 1905 was leased to th e Springfield S t. R y. 1902; in 1903, F e b ., $2 25: A u g ., $2 25. In 1904, F e b ., $2 25; A u g ., $2 25.
for 25 years a t 4 % on stock. V. 81. p. 1175, 1316. This co m p any was In 1905, F eb. $2 (see V . 80. p. 224); A u g ., $2; N o v ., $1 (V. 81, p . 1243).
form erly th e P alm er & Monson S t. R y ., b u t In May 1901 nam e was changed In 1906, M ay. $2; N ov., $2. In 1907, M ay, $2; N o v ., $2. In 1908,.
as above.
M ay, i x % : N ov., 1 H % . In 1909. May 1 H % .
§
k-
E A R N IN G S .— F o r calendar y ear 1908, gross Income, $238,620; ex the en tire stre e t railw ay system of th e cities of Providence, P a w tu c k e t a n d
penses, $3,450; dividends, $230,073; su rp lu s, $5,103.— V. 82, p. 102 to 336, C entral Falls, a nd of th e counties of K e n t, W ashington, B ristol a nd Provl630, 871; V. 83, p. 1100; V. 84, p. 627.
T he U nion R R . Co., th e P a w tu c k et S t. R y . Co., a n d th e R hode Island
(a) W orcester C onsolidated S treet R y.— Trolley.
S u b u rb an R y. Co. have been leased for 999 years from Ju ly 1 1902 to th e
This co m p an y , w hich was Incorporated In 1869, absorbed by consollda
R hode Island Co. for an am o u n t of re n ta l p e rm ittin g th e U nited T rac . &
tlon M arch 1 1901 th e Leom inster & C linton, th e F itch b u rg & Suburban E lectric, th e ow ner of the shares of th e th re e leasing com panies, to p a y Its
S tree t R y ., th e C linton & H udson S treet R y ., th e W orcester & Clinton St
tlxed charges and dividends of 5 % on
R y ., th e W orcester & M arlboro a n d th e W orcester & S u b u rb an . Franchises yearlyh a n g e o f S t o c k .— The U nion T ru st Co. Its stock.
E xc
of Providence has exchanged a
p e rp e tu a l. In 1895 leased for 99 years th e N o rth E nd S t. R y ., of 5.13 miles, block
U nited T rac.
Y. N .
& H
a t a y early re n ta l of $8,000. T he N orth End has $110,000 ($100) capital on th e of 6,000 shares ofof New H aven & Elec, for N . T rac tioH .sto ck .. stotck
basis of 5 shares
for 8 sharse of
n
I Is
stock a n d $75,000 5 % 1st m tge. bonds, due Feb. 1 1915; in terest F . & A.
privilege of
All th e sto ck of th e W orcester Consolidated S t. R y . has been acquired supposedIt.the V. 89, p. 105.exchange would be g ra n te d to an y stockholder
desiring
by th e W orcester R ys. & Inv. Co.
STOCK AND B O N D S.—
D a te .
In te r e st.
O u t s t ' d 'g . D l v . . M a t . , & c .
On O ct. 9 1907 M assachusetts R ailroad Commission approved an Issue oi
ock
5 Q -J
$ 8 ,0 0 0 ,0 0 0 0 c t.’09 1
$1,000,000 d eb en tu re bonds for tak in g up lloating d e b t and for a dditions S tnited...................................................... .
U
T r & El Co. Prov &1 1893
5 g M-S
8,894.000 Mch 1 1033
an d Im provem ents. V. 85, p. 922. In Dec. 1907 Mass. R R . Commission
Paw Issue, 1st (coll) m t g e \ l n t e r e s t a t C entral T ru st Co., N . Y ., T ru ste e .
also san ctio n ed an ad d itio n al Issue of $ j j ,i ,ooo bonds. V . 85, p. 1520
($1,000) gold..................... _.J
B oth Issues Included In o u tsta n d in g to tal of deb en tu res dated t0U7 o-lven
D
id
s .— C om pany sta rte d
ith 1%
In
below . In A ug. 1909 perm ission was g ra n te d to Issue $922,000 bonds to 1898i v3%e n das paid; In 1899, 3?4% ; paying dividends 9w 1 ,4 % ; In In 1897.M % :
w
In 1900,
1 0
1902,
re tire floating d e b t and $2,260,000 bonds to retire funded d e b t. V. 86, 1903 to 1908, Inclusive, 5% per annum ; In4% : In J a n ., I A % : A pr.. 4' A % \
1909,
l
p. 1346; V. 89, p. 412. Up to S e p t. 15 1909 these had n o t been Issued.
ly , 1M % : O
% ■
P etitio n ed Mass. R R . Comm. Dec. 1907,asking san ctio n of sale of new J u S E C U R IT IEct.,P1 M D G E D .—T he bonds are secured by th e pledge of th e
S LE
sto ck . V. 85, p. 1647. In 1909 p etitio n was w ith d raw n .
following securities deposited w ith th e C entral T ru st C om pany of New
STO CK AN D BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
Y ork, as tru ste e of th e bondholders: All of th e $9,000,000 c ap ital sto ck of
Stock $4,050,000 ($ 100 ) . ................ ..
..............
$3,550,000 I n ’0 8 ,5 H %
the U n i o n l i l i . of Providence, all of th e $500,000 c ap ital stock of th e P a w
W orcester
C onsolidated d ebl 1907 5 M-N
1,200,000 N ov 1 1927
t u c k e t S t r e e t R y . (no bonds) and all of th e $3,000,000 llrst m ortgage bonds
$1,364,000 ($ 1 ,0 0 0 )........... /In te r e s t a t agency of com pany.
of the U n i o n R R . of Providence, a n d , th ro u g h the ow nership of th e U nion
W ore Con deb gold $ 8 4 0 ,0 0 0 .. 1900 4 H K M -S
700,000 Mch 11921
R ailroad Co., $299,800 of the $300 000 c ap ital sto ck , being all b u t two
Real e sta te m ortgages_______ _____
5
68,550 On dem and
shares, of the P r o v i d e n c e G a b l e T r a m w a y C o . (no bonds). The Providence
& M arlboroughl 1897 5 g A-O
200,000 O ct 1 1917
W orcester
Cable T ram w ay Co. Is leased to th e Union R ailroad Co. for 50 years for 6 2£.
flrst m ortgage $200,000 g ./A m e ric a n T ru st C o., B oston, T ru stee.
on Its c ap ital stock.
L eom inster & C linton S t R y \ 1897
6 A-O
45,000 A pril 1 1912
T R E A S U R Y S E C U R IT IE S .— T he U nited T ractio n & E lectric Co. lias
15-year coupon n o tes-------/
In Its tre a su ry th e e ntire capital stock ($5,000,000) of th e R hode Island
W orcester
& Clinton first) 1899 5 g J -J
115,000 J a n 1 1919
S u b u rb an R y . Co.— V. 87. p. 1012; V. 89, p. 105.
m ortgage gold ($1,000)_ /A m erican T ru st C o., B oston, T ru stee.
_
(c ) Rhode Island S uburban R ailw ay .— A trolley road.
F loatin g d e b t S ep t. 30 1908 .....................................
1,315.500 .....................
O R G A N IZ A T IO N .—C hartered Ju n e 2 1899 by th e Legislature of th e
R O A D .— O perates a b o u t 163.69 miles of tra c k , com prising p ractically the S ta te of R hode Island w ith pow er to c o n stru ct, purchase, lease or o p e ra te
en tire stre e t railw ay m ileage of W orcester, to g e th e r w ith lines to F itch trolley roads In a ny p a rt of the S ta te , except N ew port C ounty. By th e
burg, L eom inster, L ancaster, H udson, B oylston, B erlin, C linton, West- term s of Its c h a rte r It Is vested w ith th e pow er of em inent dom ain, a nd the
boro, M arlborough, N o rth b o ro u g h , S h rew sb u ry , G rafto n , MUlbury, Leices right to tra n s p o rt passengers, freight, express m a tte r and U nited S ta te s
te r and Spencer.
mall In any te rrito ry where It Is authorized to do business
Leased to
E A R N IN G S .— F o r year ending S ep t. 30 1908: G ross, $1,626,143: n e t, Rhode Island Co. Ju n e 30 1904
$580,851: charges, $375,723; dividends, $195,250: su rp lu s, $9,878.— V. 85,
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
p. 922, 1340, 1520, 1047; V. 86, p. 1346; V. 88, p. 626; V. 89, p. 412.
Stock, $5,000,000 ..................... ...........
...............
$5,000,000 .............. ..
f 1900
4 g J -J
4,082,000 J a n . I 1950
(b) M arlboro & W estborough S treet R y .— T rolley, controlled by
l s t m t g g . ($1,000) g u a r .p.&l.-j U nion T ru st Co., Providence. T rustee.
W orcester R ys. & In v estm en t Co.
$5,000,000, gold ............c*l In t. a t office of the R y. Co.. Providence.
STOCK A N D B O N D S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
T he U nited T rac tio n & E lectric Co. owns th e e n tire c ap ital stock a nd
S t o c k ___________ _______ ______ _
_______
$160,000 __________
1st m tge $160,000 gold ($1,-1 1901
5 g J -J
160,000 J u ly 1 1921 guarantees th e bonds, principal and Interest.
B o n d s .— T here are reserved In th e hands of the tru ste e $318,000 to ta k e
000) red 105.......................c* fln t. a t A m er. T ru st Co., B oston, T rustee
up a nd retire $247,200 5 % gold flrst m ortgage bonds of the P a w tu x e t V alley
“ Current- liabilities” Sept 30 ’ 8 _
_
_______
91,747 _______E A R N IN G S .— F o r y ear ending S ep t. 30 1908, gross, $35,850; n e t, Electric S treet R ailw ay C om pany and $70,000 6 % gold flrst m ortgage bonds
of the C um berland S treet R ailw ay C om pany, the form er issue being g u ar
$13,543; charges. $15,133; dcilclt, $1,590.
a n te ed , principal a nd Interest, by the U nited T raction & E lectric C om pany,
R O A D —C o m lits of a b o u t 14 miles of track .
which g uarantees th e p aym ent of the Interest on the C um berland bonds.
(c) W orcester & H olden Street R y .—T rolley.
S E C U R IT IE S P L E D G E D .—T he bonds are secured by a m ortgage on all
In J a n . 1908 co n tro l was p u rch ased by W orcester Consol. S t. R y.
the pro p erty owned or hereafter acquired by th e com pany, an d by pledge of
STOCK AN D BO ND S—
D a le .
in te r e s t,
u u ts t i u tin g .
M a tu r ity .
the following securities; 700 shares of the C um berland S tree t R y. Co.; 3,985
. . ..
$19 i.ooo
----Stock _____________ . . .
shares of the P a w tu x e t Valley Electric S tree t R y. Co. a nd 5,000 shares of
1st m tge. $150,000 g ($1,000)/ 1903
5 A-O
150,000 O ct. 11923 the B arrington W arren & Bristol S t. R y. Co.
red. a t 105 . .
............ c] In t. a t W o rc este rT r. Co., W orcester, T ru stee.
R O A D .— Consists of 71 miles of tra c k .
"C u rre n t liabilities” Sept 30 ' 0 8 ___
________
71,803
-----------E A R N IN G S .— For year ending S e p t.30 1908, gross, $41,855; n e t, $11,653;
oharges, $12,644; deficit, $991.
N E W LO NDO N, CONN.
R O A D .— Consists of a b o u t 8.58 miles of tra c k .
NEW LONDON & EAST LYME ST. RY — A trolley road.
O R G A N IZ A T IO N .— Incorporated In C onnecticut in 1899 as E a st Lym e
W ORCESTER & W EB STER .
and
as
on
f^ W a s form erly ow ned by N. Y. N. H . & H ., b u t,o w in g to a legal decision S treet R v. AND nam e changed a t e . above t e r e s tDec. uIt s 1904. n g .
STOCK
BO ND S—
D
In
.
O
ta n d i
M a tu r ity .
In 1908, th e New H aven road disposed of Its holdings, V, 86, p. 1225, 1285; C om ., $155,000 ($100) ..............................................
$80,000 ................... V. 89. p. 163.
P ref., $70,000 6 % cum.,1
STOCK AND BO N D S.—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
($100) .....................................| ...............................
70.000 .....................
S t o c k ______________________ ___
_________
$150,000 __________
1st m tge., $200,000, gold) 1905
5 g A-O
200,000 A pr. 1 1 9 3 5
F irst m tge $150,000 ($1,000■ I 1899
5 g J-D
150,000 Dec 11919
($1,000) ................. ........... c * /ln t. a t T ham es Loan & T ru st Co., N orw ich.
g o ld ___________________c*j [ n t . a t In te rn a tio n a l T r.C o ., B oston, tru ste e .
Loans an d notes payable Ju n e 30 1908, $109,017.
B o n d s . — C annot be called before m a tu rity .
$3,000 Is p ay ab le annually
B o n d s .— T rustee Is T reasurer of S ta te o t C onnecticut.
B onds are su b ject
j i t o 'a sinking fund.
to call a t any tim e a t 120 and Int.
R o a d . — O w n s. 1 (
5-0 21 miles ot tra c k .
E A R N IN G S .— For y ear ending Ju n e 30 1908, gross, $45,170; n e t.
$12,859; llxed charges, $15,443; d e f., $2,584.
P W EBSTER & D U D LEY .
.
J .,
R O A D .— O perates 11 miles of tra c k from New London to N tantlc. 70-lb.
W as form erly ow ned by N. Y . N . II. <.VH.. b u t th a t road disposed of Its T rail. S ta n d a rd gauge. 11 cars. Owns a park In F landers.
holdings of securities In W ebster & D udley, owing to a C ourt decision In
O F F IC E R S .— P res., Thom as H am ilton: V .-P ., W alter R. Denison: Sec.,
1908 th a t th e New H aven road could n o t legally hold an y In terest In Mass, F . P . L atim er; T reas., S. W . C. Jones, New Y ork,; S u p t., L. G R u d d .
trolley roads. V. 86. p. 1225, 1285; V. 89, p. 163.
— V. 81, p. 1396; V. 84, p. 159.
________
STOCK AND BO N D S.—
D a le .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
S t o c k ......... .................................... . . . ............................
$50,000 . . . ..............
N E W O R LEA N S, LA .
M o rtg a g e ___________________ 1899 5 M-N
30,000 N ov 1 1919
{ t l i o a d . — Owns 5.688 miles ot track .
I
f
NEW ORLEA N S RA ILW A Y & LIG H T CO.— R ailw ay and lighting
system . S e e M a p o n p a g e 75.
L PR O V ID EN C E SE C U R IT IES COM PANY.—
O R G A N IZ A T IO N .— Incorporated In Louisiana on Ju n e 12 1905 as a re
O R G A N IZ A T IO N .— C hartered In C onnecticut M arch 14 1883 u n d e r the organization of the New Orleans R ys. Co. per plan In V. 80. p. 651. Old
nam e of th e New England Loan <s T ru st Co. N am e changed to th e P ro v i com m on stockholders paid an assessm ent or $10 per share an d received $10
S
dence Securities C o . J a n . 11 1907. On A u g .-27 1907 th e R hode Island new preferred an d $35 In new com m on; old preferred paid $20 assessm ent
Securities C o., all of w hose assets had been purchased by tills co ., w as dis and received $20 In new preferred and $100 In new com m on. C om prises
solved. V. 85. p. 349, 1344. These assets Included all th e sto ck of the all the stre et railw ay and lighting Interests of New O rleans. Stock an d
R hode Island Co. E ntire stock of P rovidence Securities Co. Is owned by the bonds w ere listed on N. Y. Stock Exchange In Ju n e 1906 a nd J u n e 1909.
N . Y. N. H. & H. R R .. which g u aran tees th e d e b en tu re s, prln. and Int.
V. 82, p. 1497; V. 88, p. 1621. S tockholders voted J u n e 28 1909 (V . 89,p.42)
STO CK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
on Issuing $50,000,000 5% “ 40-year 1st and refunding m tg e .” bonds. In
Stock $250,000 . . . .......................................................
$50,000 ..................... A ug. 1909 B ertron, Grlscom & Jcn k s placed a block of $2,580,900 o t
Deb g gu ($1,000) $19,910,- 1 1907'
4 g M-N
19.899.000 May 11957 these bonds w ith a French syn d icate. See V. 89, p. -H I. T he plan f u r
000; can be called ______c * /In te re s t In New Y ork and New H aven.
th e r provides th a t p re f. and com . stockholders p a rt w ith 14 th e ir holdings
T
B o n d s . — 1 he d eb en tu res are listed on th e New York Stock E xchange.
a t 40 an d 15 respectively. See plan In V. 88, p. 1313, 1373, 1561.
V. 84, p. 1114. T hey are g u a r., p rln. and In t., by th e N . Y . N . H . & H .
On O ct. 1 1909 ow ned th e following sto ck s. Wc show also the to ta l
R R . and bonds b ear the following en d o rsem en t; “ In case of any d efault In am o u n ts o u tsta n d in g of each Issue.
, ^
th e pu n ctu al p ay m en t of the p rin cip al o r of th e Interest of th e w ithin d eben
Am ount
O w ned by
tu re , according to Its tenor and effect, th e New Y ork New H aven & H artford
Issu ed .
N .O .R y .d s .
R R . C o., for value received, agrees to pay th e sam e on d e m a n d .” T hey
STO CK S— ___________________________________________________ L t - C o
are su b ject to call on o r after May 1 1917 a t 105 and Interest.
N. O. C ity R R . Co., preferred __________________ $2,499,500
$2,470,900
O F F IC E R S .— P res., C. S. Mellcn; Sec., Jo h n G. P a rk e r; T rc a s., A ugus
“
“
“
c o m m o n _________ ________ 4,991,000
4,835,500
tus S. May; A sst. T rea s., T hos. F . P arad ise. T ran sfer office. Room 3, N . O. & C arrollton R R . L t. & P . Co., p re fe rr e d .. 4,600.000
“
J
CJrand C en tral S ta tio n (42d S tre e t sid e), N . Y .C lty .— V. 85, p . 347,1344.
...........................................................
c o m m o n ... 2,500,000
2,500,000
S t. Charles St. R R . Co....................................................
2S5’2nR
(a) Rhode Island Co.
234,700
234,700
O R G A N IZ A T IO N .—C reated In 1902 by Special A ct of th e R hode Island O rleans R R . C o _________________________ ____
L egislature. Leases th e U nion R ailroad Co., th e P a w tu c k et S tree t R ailw ay N . O. & P o n tc h a rtraln R R . C o _________________
5,100,<00
Co. a n d th e R hode Island S u b u rb an R ailw ay Co— see term s un d er U nited N . O. Gas L ight C o ................................... 5 , 2 a 0.000
jCLOOO
T ractio n & E lectric, below. T h e R hode Isla n d Co. has no bonds. In N . O. Lighting C o . . . " .............................................................. 10.000
Ju n e 1907 purchased the Providence Cc B urriuvllle S tree t R y .. tn e Oolum
T o tal
_____$21,388,300 $21,101,900
biun S tree t R y. and the W oonsocket S tree t R y. com nanles. V .8 4 .n '3 6 s
T he New O rleans' C ity RFC Is leased until Dec. 31 1955 to the New Orleans
From a s ta te m e n t m ade by th e N Y . N . H . & H . R R . to th e M assachusetts
L egislature In Feb. 1909 It ap p ears th a t th e R hode Islan d Co. also has R y. & L t. Co. for 5 % on the pref. stock a nd H % until J a n . 1 1908 a nd 1 %
an In terest “ In th e earnings a n d Indebtedness of th e In te r-S ta te Consoli sem i-annually th e re a fte r on the com m on stock.
C ity proposed to build a m unicipal lighting p la n t, b u t bids were rejected
d a te d S tree t R y .” V. 88, p. 506. S ta te m e n t of this la tte r com pany will
be found u n d er N orth A ttleborough. T he P rovidence Securities Co. owns In Nov. 1903; c o n tra c t for 10 years from O ct. I 1905 la te r aw arded to th e
New O rleans & C arrollton R R . L ight & Pow er Co., one of the c o n stitu en t
all the sto ck of th e R hode Islan d Co.
com panies of th e New O rleans Railw ay & Light Co.
STOCK AN D BON DS. —
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity
FR
O. City R R
from 1943 to
S tock , p a r $100_____________ _____
______
$5,381,000
------------ 1962, A N C H IS E .— The N. In 1915 and . Co. franchises expirearrollton
tw
th e N. O. & C
P rov. & B ur. S t. R y . 1st m .,\ 1905
5 g J -J
254,000 J a n 1 1925 chises except In o expiringS t. C harles S t. 1917; franchises expire In 1956,fran
expire
1933; th e
RR.
and
$750,000, gold ($1,000) . c f l n t . a t R hode Isl. IIo s. T r. Co., P ro v ., T rus.
th e O rleans R R . Co. franchises expire In 1951. Gas franchise Is p erpetual
B o n d s . —-A s i n k i n g f u n d on P rov. & B ur. S t. R y . bonds of $5,000 per
and Is exclusive until 1925. E lectric light franchise Is p erpetual.
annum begins J a n . I 1910. T hey are su b ject to call on a n y Int. d a te a fte r
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
1909 a t 105 and Interest.
R O A D .— The R hode Island Co. o p erates 307.59 miles of tra c k . It C om ., $20,000,000 ($ 1 0 0 )......................................... $20,000,000 ......................
P re f., 5 % , $10,000,000 ($100)1
serves th e cities of Providence, P aw tu ck et an d C entral Falls, and the tow ns
non-cum _________ _____ - - / ____
5 Q -J
1 0 .0 0 0 .000<)ct’07 62 tie
of C ranston, W arw ick, N o rth P rovidence, E ast Providence, Jo h n sto n ,
6 g M-N
1,266,000 May 1 1912
C um berland. Lincoln, B arrington, C o ventry, S c ltu a te , W arren, Bristol N O. Ry- & L ight Co., d e b .f 1907
$5,000,000 gold ($1,000)._/ In te r-S ta te T ru st & B anking Co. New
and E ast G reenwich. Its e q u ip m en t consists ot 824 passenger cars, 31
l O rleans, T ru stee.
, .
.
freight oars -n>i | 4 1 m iscellaneous cars; to ta l. oo6.
4 t$ g J -J 17 585,000 Ju ly 1 1935
E A R N IN G S .— F o r y e ar ending J u n e 30 1909, gross, $4,160,785; n e t, N . O. R y. & L ight Co., gen.l 1905
m o rt., $30,000,000 g o ld /In te re s t a t New York T ru st Co., T ru ste e , or
$1,846,831; Income from o th e r sources, $32,173; ta x e s, re n ta ls, &c., $1,
($ 1 ,0 0 0 )..............................c*J a t office of com pany.
409,797; su rp lu s, $469,207. V. 87. p. 873, 1012: V . 89, p. 43.
N . O. R y. & L t. Co. 1st & rcf.l
„
(b) U nited T ractio n & E lectric.
m tge. $50,000,000 ($100
1909
5%
2,580,900 N ov 1 1949
$1,000) gold_________c& rj
„
,
O R G A N IZ A T IO N .— U n i t e d T r a c t i o n A E l e c t r i c C o m p a n y , ch artered In
4-5 g
3,200,000 J u ly 1 1943
Now Jerse y , owns th e Union R ailroad Co. of P rovidence, th e P a w tu c k et N . O. C ity gen. m ortgage,! 1898
$3,250,000, g o l d . . - ............/ i n t . payable a t L ouisiana N a t. B k. N . Or.
S tree t R y. Co. an d th e R hode Island S u b u rb an R y . Co., a n d th u s controls
STOCK AND B O N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
New O rleans C ity & L ake] 1893
5 g J -J
$2,700,000 J a n . 1 1943
1st M. for $3,000,OOOlSuft. fo c a ll for s. f. on & a ft. Ju ly 1’98 a t 110
gold, $500 A c _________ c* | C olum bia F in an ce A T r. Co., Loulsv., T ru st.
( I n t . p ay ab le a t New Orleans N a t. B ank.
N . O. T ra c t. 1st m ort.,1 1897
6 g J -J
08,000 Ju ly 11917
gold, sk. fd. ($1,000)_____^Interest a t L ouisiana N a t. B ank.
J F id elity T ru st Co., Louisville, T rustee.
N . O. Pow er-house m o rt.f 1901
5 g J -J
200,000 Ju ly 1 1943
gold, $200,000 __________(F id e lity T ru st Co., Louisville, T rustee.
(I n t. a t L ouisiana N a t. B an k , New O rleans.
N . O. A Car consol. M .,f 1899
5 J -J
2,000,000 Feb. 1 1933
$2,000,000
($500 a n d ( In te re s t a t W h itn ey C ent. N a t. B ank,
$1 ,0 0 0 )............- ...................... ( New O rleans.
N ew O r. A P o n tc h a rtra ln R R . ) ___
5
350,000
__________
ls tm tg e - ______________ /
C anal
A Claiborne
R R .] 1896
6 g M-N
749,000 M ay 11916
consol. M .,
g . ,$800,000i n t e r e s t a t W h itn ey
C entral N a t. B ank,
($500 and $1,000)_______J New O rleans.
E dison Elec, of N. O. 1st M .l 1899
5 J -J 2,423,000
J a n . 2 1929
($1,000)s.L, $2,500,000 c* jA m erlcan T ru st, B oston, T ru stee.
M erch’ts Elec. Co. 1st M .,] 1899
5 g J -J
300,000 Ju ly 11929
$300,000, gold ($500) ._c*J M erchants’ L oan & T ru st C o ., Chicago, T rus.
In te re s t a t th e Peoples’ B ank, New O rleans.
O rleans
RR.
m ortgage) 1895
6 J -J
300,000 A pr. 8 1912
gold, $300,000_______ ___ c j l n t . a t C om m ercial N a t. B ank, New Orleans.
Second m o rt., g o ld .................c f 1897
6 J -J
100,000 1909-1912
(M ay be called a t p a r a fte r 10 years.
S t.
Charles
S tre e t ls t l 1902
4 g J -J
375,000 J a n . 11952
m tg ., $600,000 ($ 1 ,0 0 0 ),(In te re s t a t C anal B ank & T ru st Co., New
g o ld .c .....................................J Orleans.
B o n d s . — On th e New O rleans A C arrollton consolidated bonds $20,000
p er an n u m Is pay ab le to a sinking fund. A sinking fund of $30,000 per
a n n u m Is provided for th e red em p tio n of th e N . O. C ity A Lake R R . bonds.
T he M erchants’ Electric Co. bonds are su b ject to call a t p ar a t any tim e.
A sinking fund of $10,000 p er an n u m Is provided for red em p tio n of Orleans
R R . bonds. T h e S t. Charles S t. R R . bonds are n o t su b ject to call, b u t a
p ro p o rtio n a te a m o u n t will be re tired y early by pu rch ase In open m arket.
T h e N . O. T ractio n Co. bonds have a sinking fund of $7,500 p er annum for
red em p tio n of bonds a t 105.
Of th e $30,000,000 gen. m tge. of th e New O rleans R ailw ay & Light Co.,
$12,415,000 are reserved for prior liens. T hey are su b ject to call on any
In te re st d a te upon 60 d a y s’ notice a t 105 a n d In terest. See V. 82, p. 1497.
See description of bonds an d p ro p e rty In V. 88, p. 1621. The 1907 d e
b e n tu re notes are su b jec t to call from May 1 1908 to May 1 1910 a t 103 and
on May 1 1910 a n d an y In terest d a y th e re a fte r a t 101. V. 84, p. 996. $3,
700,000 arc reserved for general purposes a n d $34,000 are In tre a su ry . So
long as notes rem ain o u t no new m tge. can be placed on p ro p e rty . V. 84,
p. 996. $30,000,000 of th e 1st A ref. m tge. a re reserved to retire a like
a m o u n t of gen. m tge. bonds; rem aining bonds m ay only be Issued for b e t
te rm e n ts a n d Im provem ents a t 75% of cost and for acquisition of additional
secu rities of sub sid iary com panies u n d er certain restrictions. See V. 89,
p . 411. Of th e $2,580,900 a lre a d y sold, $1,580,900 will retire debenture
notes N ov. 1 1909.
D i v i d e n d s . — F irst q u a rte rly dividend on pref. sto ck — 1 A %— was paid In
J a n . 1906 and 1 \ l % was again paid In A pril, 1 \ i % In Ju ly and 1 H % In
O ct. 1906. In 1907, J a n ., 1M %; A pril, \ 'A %; Ju ly , 1 M %; O ct., 6 2 X cts.
N one since.
R O A D .— Com panies controlled op erate 52.78 m iles of single tra c k . 66.12
miles ol double track and 11.47 miles of special trac'-r; to ta l (rack 1'16.«9
m iles. H as 615 cars. Ralls 58 to 107-lb. T and girder. Gauges 4 ft.
8 'A In. a n d 5 ft. 2 H In. Owns 4 pow er houses w ith ap p ro x im ately 40,901
horse-pow er cap acity .
R E F O R T . - F o r calen d ar years '1908 rep o rt In V. 78, n. 560.):
Y ear—
G ross.
N e t.
O th .In c . C h g s .& T x s .
P r e f. D iv . B a t., S u r .
1908 ..$ 5 ,0 6 8 ,4 9 8 $2,603,513 $10,498 $2,043,517
..................... $570,491
1907 . . 5,999,731 2,712,018
9,179 1,975,184 (3 J4)$312,500 433,513
Passengers carried In 1908 (revenue), 77,459,499; tran sfers 15,492,363.
T he gross earnings of $5,968,498 for 1908 were derived $4,033,789 from
railro ad , $1,016,776 from electric a n d $887,933 from gas; n e t, $1,565,423
from railro ad , $559,259 from electric a n d $478,831 from gas.
O F F IC E R S .— P re s ., H ugh McCloskey; V .-P ., E . C. Foster; 2d V .-P ,
and Sec., Joseph H . D eGrange; T re a s .a n d A u d ., H . A . F e rra n d o u .— V .4 8 ,
p. 339, 1308, 996, 929, 868; V. 85. p. 654, 1518: V . 80, p. 168, 338. 548,
598, 1043, 1098. 1530, 1590; V. 87, p. 415, 1533, 1664; V. 88, p. 506, 560,
100 2 ,1124, 1313, 1373, 1438, 1561, 1621; V. 89, p. 42, 411.
SOUTHERN ELECTRIC SECURITIES CO.— A holding com pany.
In 1907 su it was com m enced ag ain st th e com pany by th e A ttorney-G en.
of M ississippi charging violation of th e a n ti-tru s t law . See V. 84, p. 221
a nd 932. In O ct. 1907 th e Suprem e C ourt of Mississippi affirm ed the deci
sion of th e lower co u rt holding th a t com pany Is a com bination In c ontra
vention of S ta te a n ti-tru st laws and m ust dispose of Its holdings In proper
ties In th e S ta te , viz.; S o u th e rn L t.& T ra c . of N atchez (see u n d e r N atchez)
a nd Vicksburg R ailw ay A Light Co. (see u n d er V icksburg). As a result
of decision these la tte r com panies were placed In n an u s ol a receiver (sec
V. 85, o. 1144; V. 86, n. 2301 and on M ay 4 1908 the V icksburg R y. A
L ight Co. and In J u n e 1908 th e S o u th ern L ig h t & T rac tio n Co. were sold
and So u th ern E lec. Sec. Co. Interests In these com panies elim inated. V . 86,
p. 1226.
R e c e i v e r t o r B e a u m o n t T r a c t i o n . — T he U . S. C ircuit C ourt a t Sherm an,
T e x ., a p p o in ted Jas. F . W eed of B eau m o n t receiv er, on application of
In te r-S ta te T ru st & B anking Co., In o rd er to p ro te c t bondholders, city h a v
ing th re a te n e d a su it to forfeit co m p an y ’s c h arte r. V. 89, p. 347. A re
organ izatio n Is being p lanned.
O R G A N IZ A T IO N .— In co rp o rated In New Jersey In Ju ly 1903. In table
below we give th e nam es of th e com panies controlled and th e am o u n ts of
stocks a n d bonds of each o u tsta n d in g , to g e th e r w ith th e am o u n ts acquired
an d pledged un d er th e collateral tru s t m ortgage of th e S o u th ern Electric
Securities Co.
Co., operatin g stages on Fifth A ve., and the P a rk Coach Co., o perating
harks In C entral P a rk . Also owns stock In the T hird A ve. R R ., the precise
a m o u n t not being disclosed
Of the holdings of T hird A venue stock,
how ever, $5,970,000 were to be pledged as p a rt security for the $15,
000,000 3-year collateral tru s t note Issue of th e In te rborough-M etropolitan
Co. V . 84. p. 1248.
The powers of th e com pany are very broad and allow lt to acquire th e se
c urities of corporations of New York S ta te or an y o th er S ta te , "Including
corporations w hich ow n, o perate or lease, or which are organized for th e
purpose of constructing, ow ning, operating or leasing, stre et surface ra il
roads, elevated railroads, rapid tra n s it railroads, underground railroads,
tunnels, bridges, tunnel railroads, railw ay term inals or railroads of any
c h arac te r or description In th e C ity of New York or Its suburbs, or In te rri
tory a d ja ce n t th e re to , and corporations engaged In furnishing or organized
to furnish electricity for any lawful purpose, or pow er In any form , for use
upon, or w hich m ay be used upon, stre e t railroads or other ra ilro ad s,” Ac.
Also " to purchase, acquire, hold and dispose of th e stocks, bonds and o th e r
evidences of Indebtedness of a ny corporation, dom estic or foreign, and
Issue In exchange therefor Its stock, bonds or o th e r obligations.” T he
d u ratio n of th e corporation Is to be a th ousand years. The d irectors need
not be stockholders unless th e by-law s of the com pany shall so require. On
June 10 1903 second p ay m en t of $25 per share w as m ade. In J a n . 1906,
p u rsu an t to plan of am algam ation w ith Interborough R apid T ran sit,
i o th er call or 25 % w as m ade, m aking stock 75 % paid In.
A c q u i s i t i o n o f S t o c k b y I n t e r b o r o u g h - M e t r o p o l i t a n C o .— Both the shares of
the M etrop. Securities Co. and those of the M ctrop. St. R y. Co. have
passed In large p a rt to the Intcrborough-M etropolltan Co. u n d e r an
arrangem ent w ith th e Interborough R apid T ran sit Co. entered Into In Ja n .
1906. Stockholders of th e M etropolitan Securities Co. In exchange for
their stock w ith 75% paid thereon were given 93 4 % of th eir holdings In
common stock of th e Interborough-M etropolitan Co., while holders of
M etropolitan S treet R y. stock received 1001b In pref. and 55% In common
stock of the new com pany. Sec plan in full In V. 82, p. 280. $29,392,000
of the $30,000,000 stock of the Securities Co. has been exchanged on tills
basis and $42,740,000 of the $52,000,000 stock of the M etropolitan St. Ry.
For details of the securities of the Interborough R apid T ran sit Co. and the
Interborough-M etropolltan Co., sec our "R ailw ay and In d u stria l” section.
In Ju ly 1907 Judge H olt In the U . S. Circuit C ourt held th a t the m erger
m ust be considered a m onopoly In conlllct w ith the laws of the S ta te .
V. 85, p. 99. The sam e m onth A ttorney-G eneral Jackson p e titioned the
Suprem e C ourt for a u th o rity to bring suit to a n n u l the c h arte r of the In te r
borough-M etropolltan Co. on the ground th a t lt w as an unlaw ful m onopoly
(V. 85. p. 99) b u t In S ept. 1907 Justice H endrick denied the application.
V. 85, p . 654.
J u d g m e n t A g a i n s t C o m p a n y . — On S ept. 22 1908 Ju d g e W ard In th e U . S.
C ircuit C ourt aw arded th e New Y ork C ity R y. ju d g m e n t for $4,964,000, a s
asked for, a g ain st th e Securities Co., to g e th e r w ith In te re st on th e am o u n t.
V. 87, p. 813. On Ju ly 14 1909 U. S. C ircuit C ourt of A ppeals affirm ed the
ju d g m e n t. V. 89, p. 163. For p a y m e n t by Messrs. R y an , W ldener, Dolan,
W h itney a nd E lkins, of claim s a g ain st them on acco u n t of W all A C ort
la n d t S t. Ferries R y ., see V. 88, p. 944.
R e c e i v e r s h i p . — On S ept. 2 1909 Ju d g e H olt In th e U. S. Circuit C ourt
a p p o in te d S idney Sm ith receiver of the com pany on application of W m .
VV. L ad d , receiver of the New Y ork C ity R y. V. 89, p. 593.
STOCK A U T H O R IZ E D — D a t e .
R a te .
O u ts ta n d in g .
L a s td lv .
$75 paid In ...................
Stock. $30,000,000 (par $ 1 0 0 ) ..............................
O F F IC E R S .—-I’res., H . H . V recland; V .-P ., R . VV. Meade: Sec. and
T rea s., E dw ard W . S ayre.— V. 85, p. 531; V. 86, p. 668; V. 87, p. 813;
V. 88, p. 944; V. 89, p. 163. 593.
NEW YORK CITY RAILW AY.
R E C E IV E R S H IP .— On Sept. 24 1907 com pany was placed by Judge
Lacombe of the U nited S tates C ircuit C ourt In the hands of A drian H .
Jollne and D ouglas R obinson as receivers (since replaced by W illiam W . L ad d ,
as noted below ). T he receivership was precip itated by the Inability
of com pany to m eet the q u a rte rly Installm ent of re n ta l due the M etropolitan
S t. R y. Co. O ct. 15 1907. V. 85, p . 7 9 3 ,9 2 1 . A t the Instance of A tto rn e y G eneral Jackson of N . Y . S ta te , receivers w ere also appointed for New York
C ity R y. and M etropolitan S tree t R y. by New Y ork Suprem e C ourt N ov. 29
1907, b u t these receivers were never allowed to ta k e possession (V. 86,
p . 169, 338), and on S ept. 8 1908 this receivership was vacated and su it
to dissolve com pany dism issed. V. 87, p . 678. In May 1908 there w ere
Issued $3,500,000 receivers' certificates of th is com pany and the M etropoli
ta n S t. R y. See p a rticulars u n d e r th a t com pany below. V . 86, p. 669,
858,1285.
S e p a r a t e R e c e i v e r . — On Ju ly 16 1908 Judge L acom be appointed W illiam
VV. L add sole receiver In place of A drian H . Jollne and D oulgas R obinson,
who rem ain receivers of M etropolitan S tree t R ailw ay. V . 87, p. 167.
C o m p a n y A w a r d e d J u d g m e n t f o r $4,064,000 A g a i n s t M e t r o p o l i t a n S e c c u r i t i e s C o . — See rem arks under M etropolitan Securities above and V.
87. p. 813; V. 80, p. 163.
R e c e i v e r ’s S a l e . — The only road owned by the N . Y. City R y ., 1.57 miles
long, form erly the old N orth M t. Morris R R ., was sold a t auction on April 8
1909 for $500,^purchaser assum ing a b o u t $25,000 for franchise taxes and
O R G A N IZ A T IO N .—The New York C ity Railw ay Co. was Incorporated
in New York on N ov. 25 1901 as the In te ru rb an S treet R y ., w ith a capital
of $500,000, b u t on Feb. 10 1904 assum ed nam e as above. V. 78, p. 48;
V. 77, p. 1874. D irectors need not be stockholders. A rrangem ent
for financing the needs of the M etropolitan S tree t R y ., under which the
am o u n t of the stock of the In te ru rb a n was Increased to $20,000,000,
was m ade in F eb ru ary 1902. V. 74, p. 379. M etropolitan Securities
Co. owns all the stock and w as also to acquire a ny fu tu re Issues of stock
or securities of the New York C ity R y. The In te ru rb an Co. leased the
M etropolitan S treet R y. for 999 years from Feb. 14 1902 for 7% per
annum on Its stock. Owns $250,000 of the $500,000 capital stock of the
Bridge O perating Co., which operates cars locally over the W UUamsburgh
Bridge, the o th e r half being owned by th e B rooklyn H eights R R .
D iv id e n d s
or
O u ts ta n d in g .
M a tu r ity .
STOCK AND B ONDS.
D a te .
In te r e st.
$9,361,500 ...................
Stock $20,000,000 (par $100)....................................
1,761,000
A pril 1912
10-ycar notes, $ 1 5 ,0 0 0 ,0 0 0 ... 1902
3 A-O
B eau m o n t (Tex.) T rac t. Co............ $600,000 $600,000 $500,000 $100,000 L o an s* bills p a y ’le Dec 3 1 ’0 6 . -----10,865,000
-----------.
.
S o u th ern L ight A T ra c t. Co.,
No
N atch ez, M iss..................._........... *456,700 340,000 340,000 266,000 1907 t e . — There was also due th e M etropolitan Securities Co. on March 31
$3,638,500 stock under subscription a nd $3,915,000 of the 10-ycar
Jenn in g s (La.) El. L. & P . C o___
15,000
15,000
60,000
60,000 notes.
V icksburg R y. & Lt. Co ................. *500,000 *376,000
305,000
32,000
ROAD
June
C ity R
a nd Its
T he stocks pledged are In shares of $100 each , except th e Jennings Co., receivers: .— T rack o perated miles 30 1908 by New Y ork owned);y.trackage
Leased, 260.578
(1.57 miles of which
which are $50.
rights, A c., 26.067 miles; to ta l, 286.645 miles. See sta te m e n t of track oper
* T h e S outhern E lectric Securities C o.’s In terest In th e stocks of the a te d , V. 88, p. 940. The figures here given cover the ,lines in M an h a tta n
„
.
, ,
V icksburg R y. & L t. Co. and S outhern Light & T rac . Co. has been elim in Borough only.
In s te
the P
Commission early In 1908,
a te d , as noted above. T h e $32,000 V icksburg R y . & L ig h t Co. and to ta l atratak m e n t furnished by h a tta nublic Service ronx a nd W estchester, In
c controlled in M an
Borough, B
$266,000 S outhern L ig h t & T rac . Co. bonds, how ever, are still held.
cluding mileage n o t o perated a n d tracks In car barns, was reported as 521.06
C a p ita liz a tio n o f S o u th e r n E le c tr ic S e c u r itie s C o .
miles.
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
E Q U IP M E N T .— Ju n e 30 1908: N um ber of cars of all kinds, 2,683; closed
S tock , $1,000,000 ($100) .........................................
$1,000,000 ...................... pass., 1,780: open pass., 714; o th er rev . cars, 18; service cars, 171. This
Coll. tr . M ., $1,600,0001 1904
5 g A-O
876,000 A pr. 11934 does no t Include lines In B ronx and W estchester C ounty.
gold ($1,000).....................c * ] ln t. a t K nickerbocker T ru st Co., N . Y ., Tr.
R E P O R T .— F or y ear ending Ju n e 30 1908 of the New Y ork C ity R y.
B o n d s . — The $876,000 o u tsta n d in g were Issued in p a y m e n t of the securi a n d com panies operated by It before receiverships.
F or full prelim inary
ties given In tab le ab o v e, a n d rem aining $724,000 are reserved for acquir a b stra c t of re p o rt, see V. 88, p. 940. R eceipts of T hird Avenue R R ., oper
ing ad d itio n al stock and bonds. A s i n k i n g f u n d of 2 % of o u tsta n d in g bonds a te d by sep arate receivers from J a n . 12 1908, are Included to m ake a nnual
com m enced on A pril 1 1909. Bonds are su b jec t to call on a n y Interest d ate com parison correct. None of the figures, how ever, Includes the lines In
a t 105 a n d Interest.
the B ronx a nd W estchester C ounty.
O F F IC E R S .— P res., L y n n H . D inkins; V .-P ., E . C. Foster; Sec. and
N . Y . C . R y . S d A v e . R R . ---------- T o t a l y e a r . ---------~
T rea s., H . M. Y oung.— V. 79. p. 104; V. 80, p. 1972; V. 83. p. 39; V. 84,
J u l y 1 ’07
J a n . 12 t o
e n d in g
e n d in g
p . 221, 932; V. 85, p. 1144; V. 86, p. 230, 1226; V. 89, p. 349.
E a r n in g s —
to J u n e 30 ’08. J u n e 30 ’08. J u n e 30 ’08. J u n e 30 ’07.
Passenger earn in g s_____ $15,569,428
$969,734 $16,539,163 $17,214,751
80,326
O ther earn in g s________
303,702
306,320
384,027
N am e
of C o m p a n y —
C a p ita l S to c k .
Issu e d .
P le d g e d .
1 st M o rt B o n d s.
Issu e d .
P le d g e d .
N EW Y O R K CITY, N. Y .
MANHATTAN RAILW AY.— See "Railway and Industrial Supplement.
T o tal e a rn in g s ..............$15,873,130
O p erating expenses____ 11,858,597
METROPOLITAN SECURITIES COMPANY.
In co rp o rated u n d er th e Business C orporation Law of New Y ork on Feb. 14
1902 w ith a cap ital of $30,000,000. It holds th e en tire o u tsta n d in g stock
of th e New York C ity R y ., w hich In tu rn leases th e M etropolitan S treet R ail
w ay Co. V . 74, p . 379. Also owns all th e stock ($1,500,000) of the
People s T rac. C o., all th e stock ($600,000) a n d all th e bonds ($2,500,000)
of th e New York W estchester A C onnecticut T ractio n ; all the stock
($25,000) of th e Edenw ald S t. R y ., which owns franchises for stre et rail
w ays In th e B ronx; stock of Jero m e P a rk R y ., o p e ra tin g 1.6 miles track ,
a nd th e W all a n d C o rtlan d t S t. Ferries R y ($1,000,000 stock and $1,
000,000 bo n d s), w hich owns franchises from W all and F u lto n S t. ferries
to L ib erty and C o rtla n d t S t. ferries.; also controls th ro u g h stock Interest
th e N . Y. T ran sp o rta tio n Co. (capital $4,700,000); th e F ifth A ve. Coach
N et e arn in g s................ $4,014,533
O ther In c o m e _________
556,248
$1,050,060 $16,923,190 $17,521,071
639,010 12,497,607 10,181,881
$411,050
13,141
$4,425,583
569,389
$7,339,190
938,038
$424,191 $4,994,971 $8,277,228
T o tal incom e....................$4,570,781
D e d u c t i o n s —■
*$4,633,980 $10,317,365
R e n t a ls ...............................*$4,633,980
1,478,127 el ,003,599
/$4 1,247
Taxes a cc ru e d -------------- 1,436,880
(7117,607
(7117,607
47,107
In te re s t on funded d e b t.
..... ...........
86,470
1,476
94,358
O ther In te re st...................
84,994
In t. on funded d e b t of
*112,910
*145,000
cos. oper. u n d e r agrec’t *112,916
Claims against cos. in
383,197
.................
hands of receivers_______________ 383,197
N . Y . C . R y . 3 d A v e . R R . --------- T o t a l y e a r . ----------J a n . 12 t o
e n d in g
e n d in g
J u l y 1 '07
t o J u n e 8 0 ’08. J u n e 8 0 ' 0 8 . J u n e SO'08. J u n e 30 '07.
A dditions, & c.t charged
to Incom e___________
________
$60,475
$69,475
,
------------
T o tal d ed u ctio n s..........$6,651,967
$229,805 $6,881,772 $11,607,429
Deficit lo r p erio d ............ 2,081,186 sur.194,386 1,886,801
3,330,201
..........................................
6,923,961
Previous d e llc lt................. 10,392,435
T o tal d eficit...................$12,473,621
N e t charges to deficit_
_
1603,668
Deficit ..........................$13,077,289
.................
------------
................ $10,254,162
-----------138,2<3
.......................................... $10,392,435
Special franchise tax es In litigation n o t Included.
No provision has been m ade for special franchise ta x .
In te re st on funded d e b t o th er th a n on $5,000,000 has n o t been paid or
accrued (In 1907 th is Item was Included In “ re n ta ls” ).
ft C onsists of Interest on bonds of 34th S t. R y . Co., $50,000: F u lto n S treet
R R . Co., $20,000; 28th & 29th S treets C rosstow n R R . Co., $75,000; to ta l,
$145,000.
k R ents or In terest accrued for lease o r o p eratin g agreem ent of roads on
w hich p erm an en t d efau lt has n o t been m ade.
I Charges to deficit Include: D ebits— R enew als of horses, $50,831; u n
d istrib u te d acco u n ts, $293,108: reserve for Injuries a n d dam ages, $269,483;
loss of supplies by fire n o t fully Insured, $19,008: m iscellaneous, $19,247;
to ta l, $651,677; less credits, $48,009; leaving a balance of $603,668.
P a s s e n g e r s C a r r i e d Y e a r e n d i n g J u n e 30 1908 ( S e e S t a t e m e n t V . 88. p . 940).
N um ber of 5-cent fares_____________________________________ 308,376,992
N um ber of o th er paid fa re s___________________________________ 4,613,960
N um ber of tran sfers collected_________________________________ 174,447,779
e
1
g
G rand to ta l passengers c arrie d ___ ________ _______________ 487,438,731
O F F IC E R S .— P res., H . H . V reeland: V .-P . and G en. M g r.„ Oren
R oot and D . B. H asbrouck; Sec. and T rea s., C. E . W arren; Com p..
H . W . Brown; A u d ., D. C. M oorehead; P u rch . A gent, A. C. Tully;
V. 82, d . 161, 509, 987; V. 83, p . 890, 966; V. 84, p . 391, 1308: V 85.
p . 100, 793, 921, 1339, 1462, 1518; V . 86, p . 53, 108, 169, 338, 669. 858
1043, 1285, 1530; V. 87, p. 167, 476. 678, 813: V. 88, p. 940. 945; V. 89,
p . 163.
M ETRO PO L IT A N STR EET R A IL W A Y.— Underground trolley and horse
R e c e i v e r s A p p o i n t e d . — On O ct. 1 1907 Judge Lacom be a p p o in ted Douglas
R obinson a n d A drian 11. Jollne (who had previously been m ade receivers
of the New York C ity R y. Co.) receivers of this co m p an y on application
of com p an y Itself. V. 85, p . 864, 921. P ro tec tiv e co m m ittee for the
m inority shareholders has been form ed. See V. 85, p. 1518; V . 86, p. 108.
T h e O ctober 1907 coupon on th e refunding bonds was p a id , b u t th e M orton
T ru st C o., as tru ste e , b ro u g h t su it N ov. 1907 In th e U . S. C ircuit C ourt to
foreclose th e m tge. A m a jo rity of these bonds h as been deposited w ith
a c om m ittee of which E. S. M arston. P res, of F a rm e rs’ L oan & T ru st Co.,
Is C hairm an. V. 85, p. 1270; V. 88, p. 883. See s ta te ic ,t b y com
m ittee, V. 88, p. 1560.
F o r e c l o s u r e . — In F eb . 1908 th e G u a ra n ty T ru st Co. of New Y ork, as
tru s te e of gen. coll, tru s t m tg e ., th e Feb. 1908 coupons of which had been
d efaulted , b ro u g h t an a d d itio n al foreclosure su it In th e U. S. C ircuit C ourt.
V . 86, p. 548. On M arch 18 1909 Ju d g e Lacom be signed th e decree of
foreclosure, b u t d a te of sale has been twice ad jo u rn ed , an d Is now llxed for
N ov. 18. V . 88, p. 295, 748, 1197, 1373. T he leases of th e C entral P ark
N orth & E a st R iver R R ., 28th & 29th S ts. a n d F u lto n F e rry lines will not
be Included.
S e p a r a t e R e c e i v e r s h i p . — On Ju ly 16 Ju d g e L acom be ap p o in ted W illiam
W. L add sole receiver of New Y ork C ity R y. C o., b u t retain ed A drian H .
Jollne and Douglas Robinson as receivers of this co m pany. V . 87, p . 167.
D e f a u l t . — In te re s t d ue F eb . 1 1908 on th e $12,500,000 gen. coll. tr . bds.
was d efau lted . F o r P ro tec tiv e C om m ittee form ed sec V . 86, p 337, 603,
1159; V. 87, p. 38, a n d V. 88, p. 452. In te re s t d u e April 1908 on refu n d in g
bonds of 1902 was also d efau lted . K uhn, Locb & Co. offered to purchase
a t face value April 1908 coupons of la tte r bonds on th e ir being deposited
w ith F a rm e rs’ L oan & T ru st Co., su b ject to b o nholders’ agreem ent,
before J u ly 31 1908. See V. 86, p. 857.
R e o r g a n i z a t i o n C o m m i t t e e . — A Joint reorganization co m m ittee, consisting
of D onald M ackay a n d W m . P . D ixon, rep resen tin g general a n d co llateral
5% bonds, and Jo h n W . Castles (now deceased) a n d O tto If. K ah n , re p re
senting refunding 4% bonds, has been form ed to form ulate a plan for the
re a d ju stm e n t a n d reorganization of th e securities a n d properties of the co.
V. 87, p. 1301. T he co m m ittee has engaged Stone & VVcbster of B oston to
assist In th e w ork of reorganization. V. 87, p. 1533; V. 88, p. 452.
R e c e i v e r s ’ C e r t i f i c a t e s . — la March 1908 receivers o btalueu
permission
to Issue $3,500,000 6% receivers’ certlllcates ranking In lien ahead of the
$12,500,000 gen. coll, tru s t 5s and th e $16,604,000 refunding 4s. V. 86,
p. 668, 857. In May 1908 the U. S. C ircuit C ourt of Anneals affirm ed
this actio n . V. 86, p. 1285, 1590. In Ju n e 1909 a new Issue of $3,500,000
4 j^ % receivers’ certificates, m atu rin g Ju n e 15 1910, for refunding th e
$3,500,000 5s, was m ade. V. 88, p. 1437.
Ju d g e L acom be s ta te s th a t from Insurance m oney— th e salvage of four
disastro u s fires— from proceeds of receivers’ certificates, from dally gross
earn in g s, th e re has, since receivers were a p p o in te d , been p u t Into p ro p e rty ,
up to M arch 1909, $8,000,000. These figures do n o t Include o rd in ary re
p airs, n o r a n y th in g laid o u t on T hird Avenue s y ste m , where o th e r millions
have also been expended. V. 88, p. 295. On Aug. 10 1909 he also a u th o r
ized the e x p en d itu re of $394,205 on various car houses. V. 89, p. 411.
R e n t a l a n d i n t e r e s t P a y m e n t s o f i .c a s e d a n a .'i u b s i d x a r u L i n e s . —The
q u a rte rly ren tals on th e leased lines of th e M etropolitan S t. R y. (w ith the
e x ceptio n of th e T h ird A ve. R R .) due J a n . 1908 were paid a fte r some
delay. V. 86, p. 53, 108. T he re n ta l p ay m en t due M arch 1 1908 on
Second A ve. R R . stock was d efaulted. T he various re n ta l p ay m en ts due
April 1 and May 1 1908 were all paid a fte r some delay, except th a t of the
C entral C rosstow n R R . and the C entral P ark N orth & East n ic e r
Re
celvers In Ju n e 1908 o b tain ed from C ourt perm ission to cancel th e lease
w ith th e la tte r ro ad , a n d also w ith th e 28th and 29th S treets C rosstow n
R R . V . 87, p . 38. T h e C entral C rosstow n R R . Is still being o p erated ,
an agreem ent betw een th e two com panies having been sanctioned Ju ly 15
1908 by Public Service Commission (see p articu lars u n d er C entral Cross
tow n R R .) In Ju n e 1908 receivers ceased o p eratin g th e F ulton S treet R R .,
a fte r having d efaulted In th e p ay m en t due May 1 1908 on th e 3500,000
bonds of th a t ro ad . V. 86, p. 1159, 1467. All th e different Issues of
Second Ave. R R . bonds are In default (except th e 1st gen. m tge. of 1885)
a nd on Sept 30 1908 a sep arate receiver was a p p o in ted for th a t ro ad . I n t
e re st due O ct. 1 1908 on M etropolitan Crosstow n 1st M. Is In d efau lt.
M e t r o p o l i t a n C r o s s t o w n B o n d s . — In Ju n e 1909 b ondholders’ com m ittee,
represen tin g th e m ajo rity of $600,000 M etropolitan Crosstow n 1st m tge.
bonds, req u ested deposit of bonds. V. 8 8 , p. 1500, 1620; V. 89, p. 348.
T r a n s f e r s D i s c o n t i n u e d . — On March 30 1908 Judge Lacom be In the
U nited S tates Circuit C ourt d irected th e discontinuance of transfers
betw een the M etropolitan S tree t R y. lines and th e T hird A venue R R .
V. 86, p. 857. F o r discontinuance of o th e r transfers see T h ird A venue R R .
and also V. 86, p . 1438; likewise see rem arks under C entral P ark N orth &
E ast R iver R R ; also Second Ave. R R . an d D ry Dock E a st B roadw ay &
B a tte ry R R.
T h r o u g h L i n e O r d e r e d . — Public Service Comm, on March 11 1909 ordered
receivers of th e M etropolitan S t. R y. a n d receiver of 2d Ave. R y. to re
establish a th ro u g h line, for a single fare, on the 86th S t. crosstow n line
from C entral P ark W est to A storia F erry . See u nder Second Ave. a nd
V. 88, p. 748.
T r a n s f e r s . — V o x decisions ns to tran sfers, see V. 78, p. 288, 584, and V.
79, p. 269. 2147, 2588, 2642: V. 82, p. 452; V. 84, p. 3 9 1 ,5 0 8 ,6 9 4.1308;
V. 85, p. 100; V. 86, p. 1043, 1530.
D e c i s i o n s . — For decisions In cases b ro u g h t by th e city to recover m oneys
expended In repairing pavem ents betw een track s, see V. 88, p. 748.
O R G A N IZ A T IO N .— O rganized on N ov. 12 1895 and by consolidation,
lease and otherw ise acquired control of practically all th e stre e t railw ays
of M anhattan Island except th e M an h attan E levated.
A c q u i s i t i o n o f S t o c k b y I n te r b o r o u g h R a p i d T r a n s i t . — Up to Feb 10 1907
$42,740,000 of the $52,000,000 stock of th e M etropolitan S tree t R y. had
been exchanged for th e stock of the In te rb o ro u g h -M etropolitan Co., basis
of exchange being $100 In preferred a n d $55 In com m on stock of the new
com pany for $100 of M etropolitan S tre e t R y. See V. 82, p. 280, and
rem arks above u n d er M etropolitan Securities Co.
L e a s e . — On Feb. 14 1902 th e M etropolitan S treet R y was leased for 7%
on Its stock to th e In te ru rb an S treet R y . (now th e New York City Street
R y.) for 999 years. V. 74, p . 379. M etropolitan S treet R y. stockholders
wero given th e rig h t to subscribe for $23,400,000 stock of th e new M etro
p o litan S e c u r i t i e s C o . T he lease has been sustained by th e co u rts.
F r a n c h i s e s . — All franchises are s ta te d to be perp etu al, excepting th e
FCIngsbrldgc franchise, covering 3M miles. For decision In New York S u
prem e C ourt adverse to the validity of the franchise under w hich th e L ex
ington A venue extension of the H ouston W est S treet & P avonla F erry R R .,
and also the line across 116th S tree t, was built, see V. 72, p. 45.
F r a n c h i s e T a x L e g a l . — F or decision of C ourt of Appeals In the case of th e
M etropolitan S treet R y ., affirm ing th e valid ity of th e franchise ta x law , see
V. 76 p . 972. On May 29 1905 th e U nited S tates Suprem e C ourt u n a n i
mously affirm ed th e decision of th e New York S ta te C ourt of A ppeals.
V. 80, p. 2344. F o r reduction In assessm ents In legal proceedings, see
V. 76, p . 331; V . 80. p . 2621. F or decision as to car ta x e s, see V . 75, p.
1399; V. 85, p. 1339 and V. 86, p. 1285. F o r decision as to ta x on capital
stock for th e y ear 1897 see V. 80, p. 1913.
B r o o k l y n B r i d g e C o n n e c t i o n . — Cars of th e M etropolitan lines began to run
across th e W llllam sburgh Bridge In J a n . 1905.
STOCK AND BO ND S.
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock $52,000,000 ($100)................ ..
Q J 15
$52,000,000 J u ly ’07,1 % %
R eceivers’ certs $ 3 ,5 0 0 ,0 0 0 .. f 1909 4 J ^ J -D 1 5
3,500.000 June 15 ’ 10
(In te re s t In New Y ork a nd London.
Refund m ortgage $65,000,000/ 1902
4 g A-O k l 8 , 604,000 A pril 1 2002
($1,000 &c) gold______c * r(M o rto n T r. Co., N . Y ., T ru s. In t. a t off.of Co
M e tr o p o lita n S tr e e t R y —
Gen coll tru s t M $ 1 2,500,000/ 1897
5 g F-A k l2 ,500,000 F eb. 1 1997
($1,000 &c) g o ld ____ c * & r\In t. a t N a t. B ank of Com m erce, New Y ork.
Im p ro v em en t notes, $8,000,-/ 1907
5 J -J
k 3 ,504,788 Ju ly 1 1910
000 ..............
1
M etropolitan Crosstow n first/ 1890
5 A-O
l<600,000 A pril 1 1920
m o rtg a g e ................................ /in te r e s t a t New York T ru st Co., N . Y ., T rus.
5,000,000 S ept. 1 1993
Lexington Ave & P a v o n la / 1893 5 g M-S
Ferry first m tge gold-C **rl In te re st a t N a t. B ank of Commerce In N . Y.
Colum bus & N inth A venue/ 1893 5 g M-S
3,000,000 S ept. 1 1993
first m ortgage g old ----- c & r/G u a ra n ty T ru st Co., N . Y. C ity, T rustee.
‘
................................ ‘ ‘
So Fy 1st gu $350,000 ($ 1 ,000 ) 1889
350,000 A pril 1 1919
5 A-O
Broadw ay Surf R R first m tg e ............
1,500,000 Ju ly 1 1924
5 J-J
M ortgage on car stable prop-1 1899
'
.
950,000
ertles to M utual Life______j
(E xtended)
Lessor C o m p a n i e s —
B roadw ay & 7th Ave con m tge 1893
5 g J-D
$7,650,000 Dee. 1 1943
do
do
2d m tg e . 1884
5 J-J
500,000 Ju ly 1 1914
Bleecker S t & Ful Fy first m tge 1876
4 J -J
700,000 J a n . 1 1950
Second A v e n u e ls t (gen.)m o rt. 1885
5 M-N
1.280.000 Nov. 1 1909
Second A venue d e b en tu re s__ 1889
1889
5 J-J
kS9,000 J a n . 1 1909
Second Ave first consol m tg e .. 1898
5 g F-A
k 5 ,631,000 Feb. 1 1948
C hristopher & 10th St 1st M .. 1898
4 A-O
210,000 O ct. 1 1918
• E ighth Ave certs of In d e b t_ 1884
_ 1884
6 F-A
750,000 Feb.
1914
C entral Crosstown first m tg e .. 1882
6 M-N
250,000 Nov. 1 1922
do
notes $2,250,000 1906
5
2,250,000 May 1 1909
T h i r d A v e n u e R R . — See th a t corr pany’s sta te m e n t.
som
C o m p a n ie s s e p a r a te ly o p e r a te d —
28th & 29th S t Crosstow n IstM 1896
5 A-O
k l . 500,000 O ct. : 1996
I
34th S t Crosstow n first m tg e .. 1896
5 A-O
1,000.000 April 1 1996
Fulton S t R R first m tge gold. . 1895
4 M-N
k500,000 Nov. 1 1995
• In te re st on th e $750,000 certificates of Indebtedness of th e E ighth
Avenue R R . Is paid ou t of th e $215,000 re n ta l which th e M etropolitan
S tree t R y . pays tne Elgm h A venue HR. k These Issues are In defa It.
I m p r o v e m e n t n o t e s of 1907 for $8,000,000 were to be deposited as security
(or the $15,000,000 3-year coll, tru s t notes of the Interborough-M etropolitan
Co.
B o n d s .— T h e L e x in g to n A v e n u e & P a v o n la F e r r y 5j a n d C o lu m b u s A
N i n t h A v e n u e 5 s were fully described In V. 60, p. 1146.
Both were g u a ra n
teed and la te r assum ed by th e M etropolitan S treet R y. Co. The C olum bus
& 9 th Ave. has been merged Into th e M etropolitan and Its stock canceled
The g e n e r a l c o ll a t e r a l t r u s t m ortgage of 1897 Is secured by deposit of th e
stocks (par value) of th e B roadw ay A 7th A venue, $1,400,000; 42d S treet
& G rand S tree t F erry R R ., $400,000; C entral P ark N orth & F a st R iver
R R ., $300,000; 34th S treet Crosstow n R y ., $990,000; also all pro p erty of
H. W . S t. & P . V. R R ., C ham bers S t. & G rand S t. Ferry R R ., B roadw ay
R y ., S outh F erry R R ., M etropolitan Crosstow n R y ., L exington A venue &
Pavonla Ferry R R ., C o lu m b u s* 9th Ave. and Fort Lee F erry Extension; also
leasehold Interests c o n tra c ts, real e sta te (valued as below s ta te d ). &c.
Sec application to New Y ork Stock Exchange In V. 65, p. 826.
Of the $65,000,000 n e w r e f u n d i n g 4 s , $54,000,000 w ere reserved to retire
prior liens a m ounting to $48,196,000, this la tte r no t Including th e bonds of
the T hird A venue R R . and Its co n stitu en t com panies. The bonds have a
second lien on th e collateral deposited as security for th e general collateral
tru s t m ortgage of 1897; see p articu lars In V. 74, p . 379, 1308. Besides th e
$11 000,000 of bonds Im m ediately Issued (going to th e In te ru rb an S treet
R y .) . $5,604,000 were sold for refunding, m akl g $16,604,000 o u tsta n d in g .
A fter J a n . 1 1920 a ny p a rt of the bonds reserved for refunding n o t needed
for th a t purpose were to be available for th e general purposes of th e c o m p a n v .
D i v i d e n d s . —The dividends paid have been as follows, those prior to 1898
having been paid on the M etropolitan T raction stock, which was Increased
In 1892 from $20,000,000 to $30,000,000, and In O ct. 1897 was exchanged
dollar for dollar for stock of S tree t R ailw ay Co.:
Y e a r ............ 1 94. ’95. *96. '97. ’98. ’99. ’00. ’01. ’02. *03. ’04. ’05. ’06.
5
7
7
7 7 7 7 7 7
P er c e n t........../ 5 5 5 5
In O ct. 1897 a distrib u tio n of 20% In d ebenture certificates (paid off
O ct. 15 1898) was m ade to T raction stockholders. (V. 65. p. 620.)
LA T E ST E A R N IN G S .— F or 6 mos. ending M arch 31 1909, gross, $6.
204,777; n e t, $1,601,424; o th e r Income, $217,676; Interest, $310,000: taxes,
$679,457; ren tals, $996,652; m iscellaneous, $60,148; deficit, $227,157.
A N N U AL R E P O R T .— See re p o rt u n d e r New Y ork C ity R y. a n d V.
88, p. 940.
O F F IC E R S .— P res., D. B. H asbrouck; V .-P ., O. E . W arren: Sec. and
T rea s., D. C. M oorehead.—V. 86, p. 52, 108, 286, 337, 548, 603, 668, 857
1042, 1159, 1285, 1409. 1467, 1529, 1590; V. 87, p . 38, 167, 480, 813, 1011,
1238, 1301, 1358, 1479, 1533; V. 88, p. 231, 295, 452, 506, 564, 686, 748,
883, 1197. 1253, 1373. 1437, 1500, 1560, 1620; V. 89, p. 348, 411.
Com panies C ontrolled by M etropolitan Street R ailw ay,
(1) Bleecker S treet & Fulton Ferry R R .— H orse and electric.
:
O R G A N IZ A T IO N .—C hartered Dee. 12 1864. Leased to 23d S treet
! Railw ay Co. J a n . 10 1876 for 99 years; lease assigned to M etropolitan
S treet R y. R ental Is Interest on $700,000 bonds and 1 1 4 % per annum on
stock. P a y m e n t due In Ju ly 1909 w as m ade.
STOCK AN D BONDS—
P ar.
In te r e s t.
M a tu r ity .
O u ts ta n d in g .
S t o c k ................................................ $10 0 m J -J
$900,000 See te x t.
F irst m ortgage gold 1900___ / 1.000 4 g J -J
700,000 J a n . 1 1950
(M orton T ru st Co., New Y ork, T rustee.
T he first m ortgage bonds for $700,000 were 7s until Ja n . 1 1900, when
. y„£eI d u e ,a nd were extended by th e Bleecker S treet & Fulton F erry Co.
lit 4 % , on th e sam e lien, and m ade payable In trold.
R O A D .— Owns 8.79 miles of tra c k . E lectric on 14th S t.— V. 69, p. 1344.
(2) B roadw ay & Seventh A venue.— Change to underground electric
occurred In Aug. 1901. R ental due Oct. 1909 was paid.
•
O R G A N IZ A T IO N .—C hartered M ay 28 1864. Leased May 13 1890 for
uncxplred term of c h arte r and for a ny extensions of th e sam e to H ouston
W est S treet & P avonla Ferry, now M etropolitan S tree t R ailw ay Co.
R E N T A L .— In te re st on bonds and 10% on $2,100,000 stock, of which
w
M etropolitan S tree t R ailw ay Co. owns $1,400,000.
STOCK AND BO N D S—
P ar.
I n te r e s t.
O u ts ta n d in g
M a tu r ity .
Stock $2,100,000 ($100)............ $100 1 0 Q -J
$2,100,000 See te x t.
Second m ortgage of 1884.......... 1,000 5 J -J
500.000 Ju ly 1 1914
B roadw ay Surface first g u a r .. 1,000 5 J -J
1.500.000 Ju ly 1 1924
S outh F erry first g u a ra n te e d . . 1,000 5 A-O
350.000 A pril 1 1919
B ’w ay & 7th A ve cons m tgef 1,000 5 g J-D
_ 1943
7.650.000 Dec. 1 _
of 1893 for $1 2,500,000__ 1 In te re st a t G u a ra n ty T ru st C o ., N . Y .,T r u s .
Of th e c o n s o l i d a t e d m o r t g a g e of 1893 for $12,500,000, $4,850,000 was
reserved to retire a t m a tu rity th e o th e r bonds In th e ta b le , b u t In Ju n e
1904 $1,500,000 m aturing 5s were replaced by an Issue of th e M etropolitan
refunding 4s of 2002. V. 78, p. 1549. On Ju ly 1 1905 $1,000,000 second
m ortgage bonds due on th a t d a te were replaced by a like a m o u n t of M etro
politan S tree t R y. refunding m ortgage 4s of 2002. V. 80, p. 2458. T he
consols are g uaranteed, principal and Interest, u n d e r th e term s of th e m o rt
gage by th e M etropolitan S tree t R ailw ay Co., which now owns th e B road
way line south of 15th S treet. T hey cover th e road owned In fee and also
the rig h t to use th e tracks on B roadw ay from 15th S treet to th e B attery ;
th o v ;!■ ■ also a direct Ikn 'n the cable (since changed to elect, leltv) &c’
<
.
The B roadw ay & Seventh A venue assum ed th e B r o a d w a y S u r f a c e first
m ortgage bonds for $1,500,000 a nd p a y m e n t of Interest on th e second m o rt
gage bonds for $1,000,000 (the la tte r since paid off), for use of track s be
tw een 15th S tree t and the ferry. S o u t h F e r r y 5s assum ed under lease.
R O A D .— Including B roadw ay E lectric. S eventh A venue and S outh F erry
lines; owns 19.33 m iles of tra c k . V. 86, p. 51, 107.
(3) C entral C rosstow n R R .— Electric an d horse.
O R G A N IZ A T IO N .— C h artered M arch 28 1873. May 28 1890 leased th e
C hristo p h er & T e n th S tre e t R R .; see sep arate s ta te m e n t of la tte r.
On A pril 1 1904 was leased for 999 years to th e M etropolitan S tree t R y.
a t a re n ta l of 15% p e r a n n u m on cap ital stock In addition to a guaran ty
of th e p rin cip al a n a In terest of th e bonds of th e C entral Crosstow n R R .
V. 78, p . 820, 1168. R en tal due J a n . 1908 was paid a fte r some delay,
b u t th a t due April 1 1908 rem ains u n p aid . In t. due N ov. 1908 and May
1909 on bonds has been p aid. N otes due M ay 1909 have n o t been paid.
N o t e h o l d e r s ' C o m m i t t e e . — In view of th e m a tu rity of th e collateral notes
on M ay 1 1909 an d th e receivership of th e M etro. S t. R y ., a protective
com m ittee has been form ed. See V. 88, p . 1001.
*
A g r e e m e n t w i t h M e t r o p o l i t a n S t r e e t T t y .— In Ju ly 1908 en tered Into an
a g re em en t (san ctio n ed Ju ly 15 1908 b y P ublic Service Commission) with
M etropolitan S tree t R y ., by w hich for a t le a st one y e a r,o r u n til close of
receivership of la tte r ro ad , said receivers o p e ra te 1 C entral Crosstown
R R . u n d e r a te m p o ra ry arran g em en t b y w hich fixed charges only are to
be p aid . V. 87, p. 165. This agreem ent is now to be continued until
M ay 1 1910. V. 88, p. 1127. T he ag reem en t was modified (approved by
P ub lic Service Comm. Aug. 25 1909) In A ug. 1 9 0 9 ,so th a t th e lease m a y b e
te rm in a te d by e ith e r p a rty on th irty day s' notice an d th a t M etropolitan
receivers a re released from p a y m e n t of In terest on 3-y ear 5% notes, and
also from p a y m e n t of franchise ta x . V. 89, p . 528.
STOCK AN D BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
15 Q J
$600,000 See te x t.
S tock, 3600,000 ($100).......................
f 1882
6 M-N
. 250,000 N ov. 1 1922
F irst m o rtg ag e ($1,000)___ cj In te re s t a t M orton T ru st Co., New Y ork.
(A m erican Loan <s T ru st Co., T ru stee.
S
F irst consolidated m ortgage) 1904
4 g M-N
See te x t. M ay 1 1 952
$3,000,000 gold ($1,000) IM orton T ru st Co.. New Y ork, T rustee.
c & r _____________________ j In te re st a t co m p an y ’s office.
N otes $2,250,000 gu ($1,000).c 1906
5
2,250,000 M ay 1 1909
T he notes m entioned In ta b le above were Issued to ta k e up a like am ount
of notes m a tu rin g May 1 1906, a n d are secured by deposit of $2,490,000
g u a ra n te ed consolidated bonds. See V. 82, p . 986.
R O A D .— T rack owned Is 2.86 miles; leases from C hristopher & T en th
S tree t R R ., 4.11 miles. T o tal tra c k . 6.97 miles. All electric except 17th
an d 18th sts. from B roadw ay to Ave. A .— V. 82. p . 987: V. 84, p. U>47;
V . 87, p. 165; V. 88, p. 1001, 1127; V. 80, p . 528.
(4) C entral P ark N orth & E a st R iver.— H orse an d electric.
O R G A N IZ A T IO N .— C hartered Ju ly 10 1860.
L E A S E .— Leased to M etropolitan R ailw ay Co. O ct. 14 1892 for
leng th of c h a rte r an d renew als thereof a t 8 % on stock till O ct. 1 1897; there
a fte r 9 % (V. 55, p. 894). M etropolitan S tree t R y . owns $300,000 of stock.
On Ju n e 29 1908 Ju d g e Lacom be a u th o rized receivers of th e M etropolitan
S tre e t R y . to a b an d o n th e lease of th is co m pany. V. 87, p . 96. Road
Is now o p e ra te d sep a ra te ly . V. 87, p. 165. T ransfers w ith M etropolitan
S tree t R y . have been abolished. V. 87, p . 346,
J o i n t R a t e s O r d e r e d . — T h e P u b lic Service Commission on O ct. 31 1908
ordered th e com pany to m ake a jo in t 5-cent ra te w ith th e M etropolitan
S tre e t R y ., 3 X cen ts to go to M etropolitan an d 1 X cents to go to this com
p a n y . T h is o rd er w as reaffirm ed by th e Commission on N ov. 11 1908.
V. 87, p. 1237, 1299. T he A ppellate D ivision of th e Suprem e C ourt u n a n i
m ously d en ied th e ap p licatio n of th e Public Service Commission to vacate
th e o rd e r of J u stic e T ru a x . to show cause w hy a w rit of c ertio rari should
n o t Issue to review th e C om m ission’s jo in t ra te of 5 cents. T he Commis
slon w as g ra n te d a n ap p eal to th e C ourt of Appeals. V. 87, p. 1301
V. 88, p. 231. On F eb . 23 1909 th e C ourt of A ppeals upheld th e action of
th e A ppellate D ivision. J o in t ra te was also ordered O ct. 14 1908 w ith the
T h ird A ve. R R ., b u t th is has n o t been re-afflrm ed. V. 87, p . 1009.
STO CK A N D B O N D S.— P a r .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock (see ren tal a b o v e)______ $100 Q-J (text) $1,800,000 See te x t.
M etropolitan S tree t R y . refunding 4s were Issued to ta k e up th e $1,200,000
7% first consol, bonds m a tu rin g Dec. 1 1902. D e f a u l t . — T he Interest on
these la tte r was defau lted April 1908 and F arm ers' Loan & T m s t Co. ns
tru ste e b ro u g h t su it for foreclosure a n d a p p o in tm e n t of receivers on Ju n e 24
1908. V . 86, p. 1588.
L a t e s t E a r n i n g s . — See figures u n d e r M etro. S t. R y . In V. 88, p . 1253.
R O A D .— Owns 59th S tre e t, E a st an d W est, w ith b elt line on E a s t and
W est Sides to South F e rry — 20.86 miles of tra c k . All electric on 59th
S tree t.
O F F IC E R S .— P res., Jam es A. M acdonald: Sec. an d T rea s., A lexander
J . H em p h ill.— V. 87, p. 36, 96, 165, 346, 1009, 1237, 1299.
(5) C h risto p h er & T enth S tree ts R R .— Electric.
O R G A N IZ A T IO N .— C hartered A pril 25 1873. Leased to C entral Cross
tow n M ay 1 1890 for 999 y ears a t 8% on stock an d In te re st on bonds.
R e n ta l due O ct 1909 was paid.
STO CK A N D BO ND S—
P ar.
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
8 Q -J
$650,000 See te x t.
S t o c k .......... - .................................. $100
F irst m o rtgage ex ten ded In j 1,000
4 A-O
210,000 O ct. 1 1918
1898 .............. .......................... (G u a ra n ty T ru st Co., New Y ork, T rustee.
T h e $180,000 firsts w ere ex ten d ed 20 years from O ct. 1 1898, and In
a d d itio n $30,000 bonds were Issued a t sam e tim e to ta k e up th e R eal
E s ta te M ortgage of sim ilar a m o u n t. V . 67, p . 370.
R O A D .— T rack ow ned Is 4.11 m iles.— V. 67, p . 370.
(6) E ig h th Avenue R R .— U nderground tro lley ro ad .
O R G A N IZ A T IO N .—C hartered J a n . 10 1855. R o ad is leased to M etro
po litan S tre e t R y . for 99 years from J a n . 1 1896 a t re n ta l of $215,000 per
a n n u m , w hich provides for In terest on th e scrip , 16% d ividends on stock
an d $5,000 ad d itio n al for o rganization expenses. V. 62, p . 40. U n d er
grou n d -electric tra c tio n system used betw een 158th S tre e t a n d B a tte ry
Place. V. 67, p. 178, 956. R en tal due O ct. 1909 w as paid.
STOCK A N D BONDS—
P ar.
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k .............................................. $100
Q uar.
$1,000,000 See te x t.
Scrip of 1884................................ 100
6 F-A
750,000 F e b . 1914
Scrip Is su b ject to call a t p a r on a n y In terest d ay .
R O A D .— T o tal tra c k owned an d o p e ra te d , 19.44 miles. V . 62, p. 40;
V. 86, p. 52, 108.
.
(7) Forf George & E leventh Ave. R R .— To be u n d erg ro u n d -trolley.
O R G A N IZ A T IO N .— In co rp o rated N ov. 19 1898 In th e In terest of th e
M etropolitan S tree t R y . to build a line from 130th S tree t an d 11th A venue,
along 11th A venue to 175th S tre e t, an d a n o th e r from 145th S tre e t an d 11th
A ve. e aste rly th ro u g h 145th S t. to th e H arlem R iv er. H as constructed
2.06 miles projected on B roadw ay and Is o p eratin g 1.6 miles of track on
145th S t., betw een Lenox Ave. and B roadw ay. Stock au th o rized , $3,
000,000, all owned by th e M etropolitan. V 67, p. 1109. F r a n c h i s e
g ran ted Dec. 1889 for 25 y ears, w ith privilege of renew al fo r an o th e r 25
years. 4% gross receipts to be paid th e first five y ears, 6% th e second five
years. 8% th e th ird five years an d 10% th e rem aining years of o p eration.
T he road to becom e th e p ro n e rty of cltv a t th e term in atio n of franchise
(w h eth er original or renew ed) upon p a y m e n t for th e sam e In accordance
w ith definitely prescribed rules. T h e K lngsbrldge franchise w as gran ted
to th e T h ird A venue R R . upon th e sam e term s.
(8) F orty-Second S t. & G rand S treet Ferry R R .— H orse an d electric.
O R G A N IZ A T IO N .— C hartered F eb . 16 1863. Leased to M etropolitan
S tree t R ailw ay Co. from A pril 6 1893 for d u ra tio n of c h a rte r an d renew als
thereo f a t 18% on sto ck , p ay ab le In law ful m oney. M etropolitan S tree t
R y . owns $400,000 of th e stock, w hich Is pledged u n d er th e M etropolitan
S tree t R y . general collateral tru s t m ortgage of 1897 an d th e sam e coma n y ’s refu n d in g m tge. of 1902. W as changed from horse to electric In Nov
906. R en tal p a y m e n t due A ug. 1909 has been m et.
STO CK A N D B O N D S—
P ar.
I n te r e s t.
O u ts ta n d in g ,
M a tu r ity .
18 Q -F
$748,000 See te x t.
S t o c k . . ....................... ................. $100
R O A D .— Owns 6.80 miles of tra c k . V. 74, p . 1139.
(9) F u lto n Street R R .— A horse ro ad .
F o r e c l o s u r e S u i t . — In te re st due May 1908 was d efau lted .
T h e G uaranty
T ru st Co., New Y ork, as tru ste e of th e m tg e ..b e g a n suit for foreclosure In
U .S. C ircuit C ourt on May 29 1908. T he M etropolitan S tree t R y . gave up
th e op eratio n of th e ro ad . V. 86. o. 1159, 1466.
R e c e i v e r s h i p . — On J u ly 15 1908 Ju stic e B lan ch ard In th e Suprem e C ourt,
on a p p licatio n of 1st m tge. bondholders, a p p o in te d G ilbert H . M ontague
receiver, w ith a u th o rity to resum e o p eratio n of ro ad If It seem s best to do
so. V . 87, p .1 6 6 ,
O R G A N IZ A T IO N .— C hartered O ct. 29 1895. E n tire stock owned by
M etropolitan.
STOCK A N D BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock $500,000 ($100).....................................................
$500,000 ..............
F irst M gold ($1,000) g u a rf 1895
4 g M-N
500,000 N ov. 1 1995
p rln & In t by M et S t R y .c * )G u a ra n ty T ru st Co, of New Y o rk , T ru ste e .
R O A D .— T rack ow ned Is 1.05 miles — V . 87, p . 166.
r
(10) New York & H arlem RR.— U nderground electric railroad.
O R G A N IZ A T IO N .— C hartered A pril 23 1831. Owns also a stea m road
leased to New Y ork C entral, its securities, w hich cover th e electric roads as
well as th e steam line, being described u n d er th e title New Y ork & H arlem
am ong steam railroads In our "R ailw ay and In d u stria l Section.” In J u ly
1899 th e M etropolitan S tree t R ailw ay Co. bought from th e New Y ork &
H arlem th e car-stable properties a t 32d S tree t and F o u rth A venue a n d a t
86th S tree t and M adison A venue for $1,350,000. V. 69. p. 180, 542, 591.
T he electric (form erly horse) lines (19.52 miles of track) were leased to
th e M etropolitan S tree t R y. for 999 years from Ju ly 1 1896 for a ren tal of
$350,000 per annum the first five years a nd $400,000 per a nnum th e re a fte r,
which Is e qual to 4 % on th e $10,000,000 stock; In a d d itio n $2,500 Is allow ed
fo r organization expenses. V . 62, p . 1088. R en tal ha been p a d u p to
d a te .
Line operated electrically from M arch 1898 from C ity H all to
135th S tree t. V. 88, p. 749.
(11) Ninth Avenue RR.— An electric railroad.
O R G A N IZ A T IO N .— C hartered J u ly 29 1859. T he ro ad Is leased to th e
M etropolitan S tree t R ailw ay Co. for 99 years from M arch 12 1892. R e n ta l
—F o r first five years, $48,000, w hich Is equal to 6 % on c ap ital sto ck
($800,000), a nd th e re a fte r $64,000— 8 % on sam e an d $2,500 for org an iza
tion t xpi nses. S tock. $800,000; p ar $100; dividends Q .1. R en tal due
O c t. 1909 p aid . R o ad — F ulton S t. to 126th S t.; to ta l tra c k ow ned and
op erated , 15.00 miles.
(12) Second Avenue RR.— M ostly underground electric.
R e c e i v e r s h i p . — In Sept. 1908 Ju stic e Blschoff In Suprem e C ourt a p pointed
George W . Llnch sep a ra te receiver In su it by G u aran ty T ru st Co. to fore
close consolidated m ortgage. A t m idn ig h t on N ov. 12 1908 Mr. L lnch
took posesston of th e p ro p e rty . D ividend on stock due Ju n e 1908 was
defaulted. D efault of interest on bonds occurred as follows: 1st (gen.)
m tg e., N ov. 1 1908; 1st consols, Aug. 1 1908; debentures, J u ly 1 1908. The
N ov. 1908 in te re st, how ever, on the 1st (gen.) m tg. was su b sequently paid
an d th e M ay 1909 coupon has also been paid. Principal of these bonds
m a tu re s N ov. 1 1909, b u t bonds will be ex ten d ed for a y e ar. H olders
can, how ever, have cash. V. 89, p. 919. In te re s t due N ov. 1 1909 will
also be paid In cash. A com m ittee has been form ed to p ro te c t th e In te r
ests of th e 1st consol. 5% bonds. V. 87, p. 347, 1238. On S e p t. 20 1909
Ju stic e O ’G orm an In Suprem e C ourt au th o rized receiver to issue $500,000
receiver’s certificates a t p a r for Im provem ents. T h ey are a first lien on the
p ro p e rty . V. 89, p . 779, 847.
All transfers betw een this road a n d th e M etropolitan S t. R y . have been
discontinued except a t 23d an d 34th S ts. V. 87, d . 1301.
T h r o u g h L i n e O r d e r e d . — On M arch 11 1909 Public Service Comm, ordered
th e receiver to re-establish a through line w ith th e M etrop. S t. R y . for a
single fare on 86th S t. from C entral P a rk W est to A storia F e rry , a t foot of
E a st 92d S t. V. 88, p. 748.
O R G A N IZ A T IO N .— C hartered J a n . 21 1853. Leased for length of c h a r
te r from J a n . 28 1898 to th e M etropolitan S tree t R y . a t 8 % on th e stock
for throe years from M arch 1 1898 a n d 9% th e re a fte r. V. 66, p. 185.
All electric ex cep t F irst Ave. b ranch, an d th is la st also was converted to
electricity dow n to 59th S t. (V. 86, p. 337) in F eb. 1908, w hich Is th e
term inus of road u n d er its ch arter.
S E C U R IT IE S —
P ar.
I n te r e s t. O u ts ta n d in g . D iv id e n d s ,le e
Stock $2,500,000 ($100)............ $100 9 Q-M
$1,862,000 See te x t.
___
R eceiver’s certificates 1909__
6%
500,000
1910
1,000 5 M-N
1,280,000 N ov. 1 1910
1,000 5 J -J
89,000 J a n . 1 1909
....................... ........ 1,000 5 .. F-A
.
5,631,000 F eb. 1 1948
g
1898 g u ar p & 1 e n d ____ c * (G u a ra n ty T ru st C o., New Y ork, T rustee.
Of new first consolidated 5s $1,369,000 are reserved to retire securities of
earlier d a te . V. 06, p. 900. F or m istake of tru stees In exchanging som e
5s of 1909 for consolidated 5s of 1948, see V. 76, p. 654.
L a t e s t E a r n i n g s . — See under M etro. S t. R y. In V. 88, p. 1253.
R O A D .— T rack operated, 30.02 miles. V 87. p. 347, 740, 814, 1012,
1238, 1301; V. 88, p. 946, 1198; V. 89, p. 779, 848, 919.
(13) Sixth Avenue RR.— U nderground trolley.
O R G A N IZ A T IO N .— Leased to M etropolitan S tree t R ailw ay Co. F eb. 1
1892 for 800 years. R ental now $145,000 per a n n u m , w hich Is 7 % on sto o k
and $5,000 for organization expenses (V. 61, p. 925). S tock. $2,000,000;
p ar. $100. An e x tra dividend of 38 % was paid In Aug. 1901 o u t of proceeds
of sale of stab le p ro p e rty a t S ixth A ve. and 43d S t. R en tal due O ct. 1909
was paid. The 1M % div. on S ixth A ve. R R . sto ck due A pril 1 1909 was
w ithheld b y lessor com pany, on acco u n t of franchise ta x d isputes (V. 88,
p. 946), b u t paid la te r. R oad, Including Lenox Ave. branch (trac k o p er
a te d ), 12.06 miles. In F eb. 1899 began operating underground tro lley all
th e w ay to B a tte ry Place.— V. 86, p. 53, 109; V. 88, p. 046.
(14) Thirty-Fourth Street Crosstown R y.— C hanged to underground d e c
id e In Sent. 1903.
O R G A N IZ A T IO N .— C hartered M arch 18 1896, being a consolidation of
th e 34th S tree t R ailroad Co. and th e 34th S tree t Ferry & E leventh A venue
Railroad Co. All of th e stock of th e 34th S tree t Crosstown R ailw ay Co.
Is owned b y th e M etropolitan S t. R y. In te re st due O ct. 1909 was paid.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock ($ 1 0 0 )......................................................... ............. $1,000,000 ........................
F irst m ortgage ($1,000) guarf 1896
5 A-O
1,000,000 A pril 1 1996
p rln and Int by M et S t R y .lC e n tra l T ru s t Co., New Y ork, T ru stee,
R O A D .— T rack owned Is 0.95 miles. V. 62, p. 549; V. 71, p. 135.
(15) Twenty-Eighth & 29th Streets Crosstown RR.— Horse-cars.
On Ju n e 28 1908 receivers of M etropolitan S t. R y. were g ra n te d p e r
mission to cancel lease an d abandon o p eratio n of road.
R e c e i v e r s h i p . — C om pany was to have been tu rn e d over to Its stockholders
by receivers of th e M etropolitan S t. R y ., b u t was on S ept. 29 1908 placed
In hands of Joseph B. M ayer as receiver, on p e titio n of bondholders1 com
m itte e , w ith whom a m a jo rity of bonds has been deposited. V. 87, p.
39, 286, 546, 873; V. 88, p. 376. 1439. In Feb. 1909 foreclosure begun.
O R G A N IZ A T IO N .— The M etropolitan S tree t R y. purchased th e p ro p
e rty In Sept. 1896. In Dec. 1898 the new a ir com pressor and pow er-house
were com pleted, and In Aug. 1899 began using air-m o to r system exclusively,
V. 69, p. 283. In May 1901, how ever, re tu rn e d to horse-cars. E n tire
stock owned by M et. S t. R y . I n t. due O ct. 1 1908 was defaulted. ,
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
Stock $1,500,000 ($100).................................................. $1 500,000 .......... ...........
F irst M $1,500,000 ($1,000)7 1896
5 g A-O
1,500,000 O ct. 1 1996
g u p & Ie n d Met S t R y g.c*1 C entral T ru s t C o., New Y ork, T rustee.
R O A D .— T rack operated, 6.77 m iles. V. 86, p. 1531; V. 87, p. 39, 286,
546, 873: V. 88. p. 376, 1439.
L a t e s t E a r n i n g s . — See figures u n d er M etro. S t. R y. In V. 88, p. 1253.
(16) Twenty-Third Street R y.— Underground trolley.
...
O R G A N IZ A T IO N .— C hartered J a n . 29 1872. Leased from A pril 25 1893
to th e M etropolitan S tree t R ailw ay Co. for th e unexplred term of th e
c h a rte r an d for an y extensions of th e sam e. R e n ta l Is 18% on sto ck .
R en ta l p a y m e n t due A ug. 1909 was m e t.
STOCK AND B O N D S.—
P ar.
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S to rk ($ 1 0 0 )............................... $100
18 Q -F
$600,000 1 8 % p e r a n .
R O A D .— Including 14th S t., B leecker S t. and Canal S t. branches, tra c k
ow ned. 4.54 miles. R alls. 47 to 113 lb s., s ta n d a rd gauge. V . 74, p. 1139.
THIRD AVENUE RAILROAD.— Underground trolley.
R e c e i v e r s h i p o f L e s s e e C o m p a n y . — B oth th e New Y ork C ity R y . and th e
M etrop. S t. R y. were In Sept. 1907 placed In th e hands of receivers, and
Ju d g e Lacom be In th e U . S. C ircuit C ourt ordered th a t th e dividend due
O ct. 31 1907 on T hird A ve. R R . stock be w ithheld. See rem arks under
New Y ork C ity R y. V arious p ro te c tiv e com m ittees have been form ed.
See V. 85, p. 865, 1340. 1519, 1647; V. 88, p. 1314, 1501.
T e n t a t i v e P l a n . — B ondholders’ com m ittee In Ju n e 1009 su b m itte d a te n ta
tiv e plan of reorganization to Public Service Comm. (V. 88, p. 1501). See
plan In full In V. 88, p. 1622. On S e p t. 23 1909 Commission unanim ously
disapproved th e plan. See p articu lars In V. 89, p. 779.
F o r e c l o s u r e . — On May 17 1909 Judge M artin In the U . S. C ircuit C ourt
signed th e decree of foreclosure under th e 1st consol. 4% m tge. T he sale
was to ta k e place S ept. 2 1909 (V. 88, p. 1314) b u t now adjo u rn ed to N ov. 30
1909, having been postponed tw ice. V. 89, p. 287, 847.
S e p a r a t e R e c e i v e r . — On Ja n . 6 1908 Judge Lacom be of th e U. S. C ircuit
C ourt a ppointed F rederick W . W hltrldge of 59 W all S t. New Y ork, sep a
rate receiver on application of Central T ru st Co. of New Y ork, new tru ste e
of 1st consol, m tge. In te re st due J a n . 1 1908 on th e 1st consol, m tgo. was
defaulted and Interest due J a n . 1 1908 on $5,000,000 1st m tge. 5s was no t
paid u n til M arch 20 1908. K uhn, Loeb & Co. purchased th e coupons from
the 1st consols and W illiam A. R ead & Co. offered to nurchase the coupons
from th e 1st m tge. bonds V. 85, p. 1647; V . 86, p. 481, 722. K u h n , Loeb
& Co. m ade no sim ilar offer In regard to coupons due J u ly 1008. V. 86, p.
1591. I n t. due J a n . and Ju ly 1909 on 1st M. was paid. In F eb. 1908 re
ceivers’ certs, were authorized for several subsld. lines (see below ). V. 86,
p. 548. On M arch 31 1908 transfers w ith M etropolitan S t. R y. were abol
ished. V . 86, p . 858. Judge Lacom be, Ju n e 10 1908, ordered receiver to
abolish 3-cent tran sfers w ith M an h attan E lev ated , a n d advised receiver
before abolishing a lto g eth er th e tra n sfe r system betw een th e U nion R y.
an d W estchester Electric an d Y onkers R R s. to elTect a com prom ise w ith
local a u th o ritie s where necessary to avoid fo rfeitu re of franchises. V.
86, p. 1531. In O ct. 1908 transfers betw een la tte r th ree roads w ercdlscontln u cd . L a te r receivers were directed to m ake th e best term s possible
w ith receiver of W estchester Elec, for ru n n in g cars to 242d S t. V. 87, p.
1161. On O ct. 14 receivers were ordered by th e Public Service Commission
to m ake a Joint ra te w ith 59th S t. line of th e C entral P a rk N orth & E ast
R iver R R „ b u t have refused to obey. See th a t com pany a n d V. 87. p.
1012. On May 20 1908 Ju d g e Lacom be authorized an Issue of $2,500,000
receivers' certificates. These certificates ra n k a fte r the $5,000,000 1st
m tge. bonds, b u t are a p rio r lien to th e $37,560,000 1st consol, m tge. bonds.
V. 86, p. 1286. Sec receivers’ re p o rt on condition of th e p ro p e rty given In
detail In V. 86, p. 1220.
E x t e n s i o n . — On Feb. 10 1900 Ju d g e Lacom be gran ted perm ission to
Frederick VV. W hltrldge as receiver of T hird Avc. R R . and U nion R y. Co.
to c o n stru ct a n d o p erate a double-track extension of T hird Ave. road from
F o rt George to an d along Pelham Ave. In B ronx to T h ird Ave. a nd thence
to S o u th ern B oulevard to Zoological G ardens In B ronx P a rk . Loop a t
F o rt George only to be b u ilt by T hird Avc. R R ., rem ain d er by U nion R y.
R e s t i t u t i o n D e m a n d e d .— A com m ittee has been form ed to tak e legal steps
to recover th e a m o u n t (alleged to be a b o u t $16,000,000) an d form ing p a rt
of proceeds of th e sale of $37,560,000 consol, m tge. bonds, which Is claim ed
to have been m isap p ro p riated . V. 89, p. 594, 722.
O R G A N IZ A T IO N .— C hartered O ct. 8 1853. A cable road from Dec. 5
1893, b u t In 1899 changed to underground trolley. In J a n . 1900 th e electric
line betw een 125th and 162d streets was com pleted. Owns p ractically all
th e stock of th e following: Union R y ., D ry Dock E a st B’w ay A B a tte ry ,
42d S tree t M anhattanvlllc A S t. N icholas A ve., Y onkers R R .. W estchester
E lectric, T a rry tow n W hite Plains A M am aroneck, So u th ern B oulevard,
K lngsbrldge R y. and th e B ronx T ractio n Co.
L e a s e . — On April 13 1900 th e M etropolitan S treet R y. Co. took a lease o,
th e p ro p e rty for 999 years. For th e first four years T h ird A venue sto ck
was to receive only th e n e t Income above expenses and fixed charges; th e
n e x t tw o years 5 %; th e succeeding four years 6% ; th e re a fte r 7 ’a . First
/
dividend u n d er th e lease (1 % ) was paid on J u ly 30 1904 and dividends
regularly paid un to O ct. 1907, when d efau lt occurred. N one paid since
Of the $15,995,800 sto ck , $7,880,000 was held by th e New Y ork C ity Ry.
an d th e M etropolitan Securities Co.; no Inform ation as to am o u n t now held
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g . L a s t d l v . .A c
Q -F
$15,995,800
See te x t
S tock, $40,000,000 ($100)..................
1st m ortgage, gold ($ 1 ,0 0 0 ).. 1887
5 g J -J
5.000,000 Ju ly 1 1937
R eceivers’ certls S2.500 m i . . 1 >>8
6%
2,5 >'>,000
loco
1st consol M, gold, c* ($1,000,1 1900
4 g J -J k 3 7 .560,000 J a n 1 2000
A c .), $50,000,000_____c A rJC en tral T ru st Co., .New Y ork, T rustee.
IG uar. p rln . a n d In t., by end. by M et. S t. R y.
k In te re s t on this Issue Is In d efau lt.
B o n d s . — The rem aining $12,440,000 Is reserved to ta k e up th e following
prior liens, which th e com pany has bound Itself to p ay off a t or before
m a tu rity w ith o u t extension. V. 78, p. 1549. T he bonds were listed on
th e New York Stock E xchange In M arch 1901. See V. 70, p. 1050, 1121.
T he M orton T ru st Co. was tru ste e u n d e r th e first consolidated m ortgage, but
resigned In Nov. 1907, and was la te r replaced by th e C entral T ru st Co.
V. 85, p. 1402; V. 86. p . 53.
N a m e o f c o m p a n y a n d lo a n —
A u th o r iz e d . O u ts ta n d in g .
T hird A venue R R . Co. 1st m ortgage_____________$5,000,000
$5,000,000
U nion R y . 1st m o rtg ag e................................................ 2,000,000
2,000,000
42d St. M an h attan A S t. Nicholas A ve. R y. 1st M 1,200,000
1,200,000
do 2d m ortgage Incomes .................................
1,600,000
*140,000
D ry Dock E a st B’w ay & B attery R R . 1st m tg _
_
1 ,000,000
950,000
1,100,000
do C ertificates of In d e b te d n e ss ............................ 1,200,000
Y onkers R R . Co. 1st m o rtg ag e.................
1,000,000
1,000,000
W estchester Electric R R . 1st m o rtg ag e_________
500,000
500,000
T arry to w n W hite Plains A Mam’neck R y. 1st M .
300,000
300,000
250,000
250,000
South ern B oulevard R R . 1st m o rtg ag e_________
(2) F orty-second St. M anhattanville & S t. Nicholas Ave. R y —A h o n e
road, b u t N ov. 11 1900 changed to electricity.
Receivership.— On Feb. 1 lo o s Judge Lacom be In the U .S . C ircuit C ourt
appointed Frederick W . W hltrldge. already receiver of th e T hird A venue
RR receiver of this com pany. V. 86 0 . 3 3 7 . In Feb. 1908 he authorized
th e Issue of $200,000 receiver’s certificates. V . 86, p. 547. U p to O ct.
1909 none had b e en Issued. I n t. due S e p t. 1 1909 on 1st m tge. bonds
was p a id . N oth in g Is being p aid on 2d m tge. 6s.
F o r e c l o s u r e . — On A ug. 3 1909 Ju d g e Lacom be g ra n te d application of
U nion T ru st Co. fo r a foreclosure u n d e r 2d o r Income m tge. V . 89, p. 348.
O R G A N IZ A T IO N .— C hartered A ug. 29 1878
In N ov. 1895 control
was purchased by the T hird A venue R R . See V. 61, p. 926.
In Dec. 1899 began to use underground electric system from F o rt Lee
Ferry to th e B oulevard, thence to F ifty -n in th S tree t.
Of th e stock $2,469,800 Is pledged as security for th e 50-mllllon T hird
Ave. m tg.; of th e $1,500,000 2d m tg. Incomes, $743,000 are owned by the
T hird Ave. R R ., of which $357,000 deposited u nder th e T hird Ave. m tg.
STOCK AN D BONDS—
P ar.
In te r e s t.
O u ts ta n d in g .
M a tu r ity
Stock au th o rized , $2,500,000. $100
_______
$2,500,000
1st m tg . gold. 1880................ 1 1,000
6 M-S
1,200,000 M c h 'V m o
„
1 I n t e r e s t a t Union T ru st, N. Y. C ity .T rustee
2d m tg Inc 6s, 1885, $1,- J 1,000 6 % as earned 1,600,000 J a n 1 19 15
600,000.....................................)
U nion T ru st Co., N. Y .. T rustee.
5%
100,000
See te x t
Real e sta te m o rtg ag e ------------ -------Loans payable Ju n e 30 1 9 0 6 .______
_______
6.291,754 ____
Hottds-— The real e sta te m ortgage Is all owned by th e T hird A ve.*RR’ **
R O A D .— 2 .49 miles of tra c k , 148 cars. 2 snow plows a nd 2 sweepers.
k aI e { E a rn in ° s •— See fi<W
A
res u n d e r T hird Ave. R R . in V. 88, p. 1255.
E A R N IN G S .— F or y e ar ending Ju n e 30 1908, gross, $1,171,463; n e t over
tax es, $221,159: o th e r Income, $5,536; In t., Im pts., Ac., $253,947; deficit.
p273482 '— V ' 8° ’ P ' 1424' V ' 82’ P ' 333' V ’ 86, P ' 337, 547’ 1224’ V - 89’
(3) Union R ailw ay of New Y ork.— A tro lley road
TTT?.e ;t, ,crs/,fp'7~0 n M arch 31 1908 Ju d g e L acom be appointed F rederick W .
.a t
W hltrldge receiver. V. 86, p. 858, 920. In te re s t due A ug. 1 1909 on
1st m tge. bonds was paid, as was in te re st due Ju ly 1 1909 on Southern
B oulevard bonds.
ucl
R j 'c e i ve T t ° r S u b s i d i a r y C o m p a n i e s .— T e m porary receivers were In J a n
1908 ap p o in ted by Suprem e C ourt Ju stic e Isaac N. Mills In W hite Plains
for th e W estchester Electric R y ., th e T a rrytow n W hite P lains & M am aro
neck R R . a nd th e Yonkers R R . V. 86. p. 230
M am aro
F i v e - C e n t F a r e O r d e r e d .— In O ct. 1908 Judge Lacom be ordered th e recelver to ru n cars to 242d S t for a single 5-cent fare, m aking th e best term s
possible w ith the receiver of th e W estchester E lectric R y. See V. 87, p
_
_
E x t e n s i o n to B e B u i l t . — See u n d e r T hird Ave. R R .
O R G A N IZ A T IO N .— Organized under C hapter 340 of th e Law s of 1892
giving a u th o rity to consolidate th e H arlem Bridge M orrisanla & Ford ham
R y .. th e Melrose & W est M orrBanla R R . a nd th e N orth T hird Ave. A F le e t
wood P ark R R . V alidity of consolidation affirm ed bv C ourt of A nneals
J a n . 9 1900. V. 70, p. 77
O perates from 129th S t a nd 3d Ave through
the Borough of th e B ronx, and w ith subsidiary lines continuing thence to
and through Mt V ernon.
In Dec 1899 accepted th e term s proposed by B oard of E stim a te for th e
K lngsbrldge R R . franchise, which are 4 % of gross receipts for th e first 5
years, 6 % for th e second. 8 % for th e th ird and 10% th e re a fte r. T he fran
chise Is for 25 years, w ith privilege of renew al u nder certain conditions for
a n o th e r 25 years. A t the end of th e term th e city acquires the prop erty
paying for it In accordance w ith definitely prescribed rules for fixing its
value. V. 69, p. 1248. W ork on this line was begun in Ju ly 1901 and
com pleted In 1902. R uns from A m sterdam Ave. a nd 162d S t. to B roadw ay
and 221st S tree t, m axing 6.71 miles hug It to 1 il. E m ir to c k o w m u .
STOCK AN D BO ND S—
P ar.
In te r e st.
O u ts ta n d in g . L a s t d lv
Ac
................... $2,000,000
S t o c k .............................................. $100
1st m o rt., 1892, g o l d .............. ) 1.000 5 g F-A
2,000,000 A ug. V l9 4 2
T o t a l ............................................................................... $14,050,000 $12,440,000
J I n t. Is payable a t C ent. T ru st Co., N . Y. City
N otes payable Ju n e 30 1906, $6,272,502.
*$1,360,000 already pledged a s p a rt security fo rth e T hird Ave. R R .4 sn n d
G u a r a n te e d L o a n s —
$100,000 bold as collateral for advances are here d educted; of th e $ l ,360.000,
500,000
J u ly 1943
$357,000 was owned a t th e tim e of th e m aking of th e m ortgage, and the W estch. 1st M ., g u .. p . A 1.1 1,000 5 g J - J
gold, 1893 ....................... ...... i
M ercantile T r. Co., N . Y. T rustee
o th er $1,003,000 has since been acquired by th e Issue of a like a m o u n t of
S outhern Boulevard R R . l s t . l ____
5 g J -J
250.000 Ju lv 1 1945
th e Third Ave. 4s.
The new bonds w ere g u a ra n te ed by th e M etropolitan .Street R y. (for form
gold, 1895 .............................. )
C entral T ru st Co., N . Y .. T rustee.
of g u a ra n ty see V. 72, p. 776) and are secured by th e pledge of th e following
R O A D .— Main line and branches. Including second tra c k . 85.59 miles.
stocks and bonds
(For receiver’s sta te m e n t of p roperties covered by
L a t e s t E a r n i n g s . — See figures u n d e r T hird Ave. R R . In V. 88, p. 1255.
m ortgage, see V. 85, p. 1642.'
N am e of com pany.
Issu e d .
P le d g e d .
E A R N IN G S .— Y ear ending J u n e 30 1908, gross, $1,590,156- n e t ove
U nion R ail vay Co. of New Y ork C ity s to ck .... $2,000,000
$2,000,000 ta x e s, $236,142: o th er Inc., $28,139; in t., Im pts., &c., $261,191-su r S3 090
42d St. M anh’nvlllc A St. Nlch. Ave. R y. s to c k 2,500,000
2,469,800 — V. 70, p. 77, 481; V. 86, p. 858, 920, 1227; V. 87, p . 1161. ’
” * ' U
2d m ortgage Incom es........................ 1,500,000
1,360,000
Do
(4) T a rrytow n W hite P lains & M am aroneck (Electric) R y .—T rolley.
D ry Dock E a st B roadw ay A B attery R R . sto c k 1,200,000
1,179,000
R e c e i v e r s h i p .— On J a n . 21 1908 Suprem e C ourt J u stic e Isaac N Mill
K lngsbrld re R y. Co. s to ck ....................._........................
8,600
8,600
te
New Rochelle
m ade
Subscription for balance of $1,000,000 sto c k .......... ................
991,400 a p p o inn e d t J . A ddisonn .Y oung of V . 86, p. 230; V. te m p o ra ry receiver-nlckere rm a n receiver J a 13 1909;
88, p. 159. T he K
992,500
Y onkers R R . Co. sto c k ____________________ 1,000,000
ocker T ru st Co., as tru ste e u n d e r 1st m tg e ., has sta rte d foreclosure pro
W estchester E lectric R R . Co. s to c k _________
500,000
500,000
ceedings. In M arch 1909 receiver was
Issue
250,000
248,300 ceiver’s certificates ranking ahead of 1st m a u thorized toV. 88, p$100 000 re
S outhern Boulevard R R . Co s to ck ___________
tge. bonds.
687 750
T a rr y t’n W hite Plains A M am aroneck R y. s to c k ..
300,000
300,000
In te re s t on th e 1st m tge. bonds due S e p t. 1 1908 was d efaulted
V 87
T he M etropolitan Co w s to b e e n titled to vote on th e foregoing and to re
form ed .see
16 8
ceive th e Income from th e sam e so long as th e new bonds are n o t In d efault. p. 615. F or bondholders’ p rotective com m ittees th e N. Y. NV.H87A nH a rtf'’
615, 1012; V. 8 8 . p. 5 4 , 626. I t Is reported th a t
See p articu lars In V. 70, p. 1050.
R R . Co. has purchased a m a jo rity of th e bonds. P e titio n to Increase fare
T here are o th er m ortgages o u tsta n d in g for $50.000..
from 5 to 10 cents betw een W hite Plains and M am aroneck was denied bv
R O A D .— in May 1908 operated as follows:
P ublic Service Commission on A ug. 10 1908. V. 87. p. 416
Road )« to
RO AD —O w n e d .
M ile s . „ ,
M ile s .
be sold Nov. 29 1909, sale having been postponed. V. 89 n ’ 919
C ity H all via 3d Av. to 130th S t. 7.03 U nion R ailw ay _______________ 8 t,5 9
A N IZ
.—
In
th e
N orth R iver to 125th S t., E .R . 2.50 W estchester E lectric.............. 38.41 W O R GP lains A T IO NOn Successor 18991898 to A ve. New . Y ork E lnisfordth&
hite
R y.
A pril 18
T hird
R R purchased all
e
10th A v ., 125th S t., to F o rt
Y onkers R R ....................
35.09 stock. V. 68, p. 674.
G e o rg e _____________________ 3.75 S o u th ern B oulevard..............
7.8 7
R oad e xtends from T arrytow n statio n on th e N. Y. C. A H . R . R R to
O ther tra c k __________________20.05 T arry to w n W hite P lains &
M am aroneck, on th e S ound, and from W hite Plains S tatio n on th e H ariem
M am a ro n e c k .......................... 23.39 R R . to Silver Lake P a rk , a to ta l of 2) jo miles. The com pany carries
T otal tra c k _________________33.9.) K lngsbrldge R y ___________ ' I
0 .71
freight as well as passengers.
Bronx T r a c tio n ......................... 1 4 .1 1
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
C o n tr o lle d
b u t o p e r a te d s e p a
Stock $300,000 (par $25).............................................. $300 000
r a te ly — tr a c k m ile s .
T o tal controlled tr a c k ..........252.30 R eceiver’s c e r tif ic a te s ..- .......... 1909
5%
100,000 ...............19 10
D ry Dock E. B. A B at. R y ----- 17.64
0J
300,000 M ar. 1 1928
lst/ . . m„ j ? afre *300,000, g .l 1898 S gM A S
to ta
42d S t. M an. A S t. Nlch. A v e. 2 ).49 G rand_____l tr a c k ....................... 286.23
($1’000) guar. p. A 1............J K nickerbocker T ru st Co., N. Y ., T rustee
R E P O R T .— See re p o rt of receivers u n d' e r " . 'Y. C ity R y . Co. and Bills payable Ju n e 30 1906___ ___
N
_____
329 630
V. 88. p. 940.
T he
are u aran teed
and Interest,
E A R N IN G S .— Of T h ird Avc. R R . p ro p er for 9 mos. ending M arch 31 U nion bondsCo. gFor form , principalty , sec V. 74, by endorsem ent', by th e
R y.
of g u a ra n
p. 381. V 87 n 39
1909, gross, $1,843,365; n et. $501,594; o th e r Income, $341,716; in terest 168, 416, 615, 1012, 1239; V. 88, p. 54, 159, 626, 687, 750; V. 89, p. 226, 919!
(m ainly on 1st m tg e.), $235,352; taxes a n d Im provem ents, A c., $148,679,
(5) Y onkers R ailroad.— A trolley road.
surplus, $459,279.
R e c e i v e r s h i p .— On Jan . 20 1908 Suprem e C ourt Ju stic e Isaac N . Mills
O F F IC E R S .— P res., II. II. V reeland; V .-P ., D. B. H asbrouck; Sec. a nd
V 86 p 230
T rca s., Jo h n B eaver.— V. 87. p. 347, 937, 1012: V. 88, p. 1063, 1255, m ade Leslie S utherland of Yonkers te m p o ra ry receiver.
In J u ly 1908 P ublic Service Commission sanctioned an Issue of $65 000 re
1314, 1374, 1501, 1622; V. 89, p. 287, 594, 722, 779, 847.
c e iv e rs certificates for purchase of new cars. V. 87, p. 98
In May 1909
(1) Dry Dock Hast B roadw ay & B affcry .— Horse and electric road.
was
R E C E IV E R S H IP .— Feb. 1 1908, Judge Lacom be app o in ted Frederick receiver 6 %; a u thorized to issue $ 100,000 m ore certificates; Int no t to
W. W h ltrld g e, alread y receiver of T hird A venue R R ., receiver of th is com exceed 1190. payable In no t less th a n 2 years, for reconstruction pur80 , p.
pan y . In te re st due Feb. 1 1908 on th e $1,100,000 certificates of Indebted
O R G A N IZ A T IO N .— The JJnlon R y. g uarantees th e $1,000,000 b o n d s,
ness was not p aid. V. 86. p. 337. Ju d g e Lacom be In U. S. Circuit Court
p. and 1., th is g u a ra n ty being accepted by th e T hird A ve. R R . V. 67
In Feb. 1908 authorized Issue of $100,000 receiver’s certificates
V 86
63a. liu c re s i uue O ct. 1 19o9 on 1st m ure, hoinis was paid, y 86’
p. 546. Up to O ct. 1909 none w ere o u tsta n d in g . In te re s t due Ju n e 1909 p. 8 5 8
p.
on gen. m tge. bonds has been paid.
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
T r a n s f e r s A b o l i s h e d . — On O ct. 10 1908, a t m id n ig h t, transfers w ith the
M a tu r ity .
..............$1,000,000
M etropolitan S t. R y . were abolished on th e G rand S t. Crosstow n electric Stock $1,000.000($100).......................
1st m tge. gold, $1,000,000,1 1896
5 A O
1,000.000 A pr 1 1946
to C anal a n d G rand S treets a n d th e Avenue B horse-cars.
g u a ra n te e d .............................. / M an h attan T ru st Co., N. Y. T rustee
O R G A N IZ A T IO N .— In co rp o rated Dec. 8 1863. C ontrol o b tained by
_________
65,000
*
T hird Ave. R R . A ug. 23 1897 (V. 65. p. 194), which owns $1,196.900 of th e R eceiver’s certificates________ 19<>8
_________
100,000 See te x t *
stock, $1,170,000 of which Is pledged for th e 50 million dollars T hird A venue R eceiver’s certificates________ 1909
Bills payable Ju n e 30 1 9 0 6 ............................................
973.150
‘
Di«Iail 1906 began o p eratin g G rand S t. line by electricity.
R O A D .— Owns 35.09 miles of tra c k .— V. 71, p. 30' V 86 n*?xn'V xV STOCK AND BONDS—
P ar.
I n te r e s t
O u ts ta n d in g .
M a tu r ity .
'
’ 1'
u ' 9 °8 '
Stock, $1,200,000.
............ $100
6 Q -F
$1,200,000
See te x t V. 87, p. 98, 937; V. 88, p. 1199.
G eneral m o rtg ag e, gold, 1892(1,000
5 g J-D
950,000 Dec 11932
(6) Bronx Traction Co.— A trolley road
. .
. . . „
„ l . F arm ers’ Loan A T ru st Co., T rustee.
IZ A IO N .— Incorporated
12 1904. and
C ert, of d e b t n o t subj. to c a l l.. 100
5 F-A
1,100,000 Feb 11914 of O R G A Nsm allT com panies. See V. on May2333. E n tire is a consolidation
several
78, p.
stock ow ned by
N otes p ayable Feb. 1 1908...................
..........
1,959.202 ....................
Union R y.
R O A D .— 17.64 m |lcs of tra c k . 117 cars, 5 sweepers and 4 snow plows.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
D IV ID E N D S .—Since 1891, for fiscal y ear ending Ju n e 30; 1891 92, 5 % , Stock $585,000 ($ 1 0 0 ).............. ..................................
$58 100
1892-93. 6% ; 1893-94 |H % : 1894-95, 4 H % ; 1895, A ug., 1 H %; N ov..
R O A D .— O perates 14.11 miles of tra c k from Bronx R iver by W e st’Farm*
1M %: In 1896, 6% ; In 1897, F eb ., 1 %; In 1898. 6% ; in 1899, May (Feb
R oad to W estchester Village; from Bronx R iver by S outhern W estcheste
dlv. was passed), 1 H %: none since p aid.
T u rnpike to W estchester Village; from Main S tree t, W estchester Village
L a t e s t E a r n i n g s . — See figures u n d e r T h ird Ave. R R . In V. 88, p. 1255.
to E astern B oulevard, and from W est F arm s R oad to Bleecker S tre e t’
E A R N IN G S .— Y ear end. Ju n e 30 1908, gross, $599,174; n et over taxes, S ta n d a rd gauge; 109-lb. rails.
$129,990: o th er Income, $20,516; Int. A Im p ts., A c., $140,649; su rp ., $9,857.
O F F IC E R S .— P res.. E dw ard A. M aher; Sec. and T reas., R eune MartinIN D E X .— V. 67, p. 952; V. 86, p. 337, 546, 1224; V. 87, p 1010
S u p t., Ja s. C arrlgan. V. 78, p. 2333.
E
NEW YORK CITY INTERBOROUGH R Y — A tro lley ro a d .
O R G A N IZ A T IO N .— In co rp o rated In New Y ork on M arch 24 1902, In
the Interests o f th e In terb o ro u g h R ap id T ra n sit Co., to build an extensive
system of feeders for th e subw ay a n d elevated lines In th e B ronx, and to
afford s tre et railw ay connections across th e H arlem R iv er bridges.
STOCK A N D BONDS— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock, $5,000,000 ($ 10 0 ) .........................................
$5,000,000
.....................
1st m ortgage, $5,000,000,1 1905
4 g M-N
1,500,000
1928
sinkin g fu n d , g o ld ............ J ln t. a t U . S. M ort. & T r. Co., N . Y ., T ru stee.
R O A D .— O perates 8.60 miles of double tra c k from B roadw ay an d 181st
S t. across W ashington Bridge a n d various streets a n d avenues In th e Bor
ough of th e Bronx; also across C entral Bridge to 155th S t. a n d 8 th A ve.
P u t In o p eratio n May 31 1906. Possesses franchises for a b o u t 16 miles of
a d ditional double track . (A bout 4.25 miles of this has been co nstructed.)
See description of road In V. 82, p. 1269, 869. Three-cent tran sfers are ex
changed w ith th e S ubw ay system a n d th e M an h a tta n E lev ated R o ad .
O F F IC E R S .— P res., A lfred S k ltt; V lce-Pres., J . J . R ollins; See., H . M.
Fisher; T rca s., D. W . M cW illiams. V. 82, p. 809. 1209; V. 87, p . 38, 286.
trols th e franchises of the B u tte ry W hirlpool R apids Co., the N iagara
R apids View Co. a n d th e N iagara W hirlpool R apids E levator Co. H as
agreem ent w ith the N iagara Falls P a rk & R iver R y. Co. allowing cars of th e
Gorge ro a d to ru n over th a t c o m pany’s lines across the arch and Suspension
bridges to T able R ock a nd D ufferln’s Islan d . Leases the Lew iston &
^o u n g sto w n F ro n tie r R R . a n d In 1907 acquired a m a jo rity of th e stock of
B 0N D S— D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
............ ..
S to c k .. $1,000,000 ($100)............................................ $1,000,000
™,Srtsr?5e 51.000,000] 1907
5 g J-D
949,000 June 1 1927
($1,000) g old -------------- c & r/I n t. a t C om m onw ealth T r. Co., Buffalo, T r.
R O A D . Owns 14.7 miles of tra c k from N iagara Falls to Lew iston, and
leases Lew iston & Y oungstow n F ro n tie r R y .. 8 .7 miles; trackage rig h ts, 2
plow ’ ^°*a °P e ra te d. 25.43 miles; 42 pass, cars, 4 service cars and 1 snow— F or flscal Fear ending Ju n e 30 1909, gross, $166,109; n e t,
* 7 £ ’5?-7A ^ arges- 557,147; surplus, $21,430.
l' T G h j I i s -— P ‘' c s . l Jos. T . Jones; V .-P ., H e rb e rt P . Blssell; Sec., R o b
[
ert E . I owers; T reas. an d Gen. M gr., B ert L. Jones; A ud., E. H . B uddenhagen, all of B uffalo.— V. 68 , p. 332, 1077, 1133; V. 84, p. 868 .
(1) L ew iston & Y oungstow n F rontier R y.—
O R G A N IZ A T IO N .—C hartered Aug. 1895. Owns front Lew iston to
Youngstown, 7.3 miles; com pleted In Aug. 1896; bran ch to R um sey P a rk ,
1 mile; sidings, .2 miles; tra c k a g e, .2 miles; to ta l, 8 .7 miles.
c a p ltM s to c k th e ^ affara Gorffe R R .. w hich also owns a m a jo rity of Its
NEW YORK W ESTCHESTER & BOSTON RY .— To bo a n electric road.
O R G A N IZ A T IO N .— In co rp o rated on M arch 20 1872 and In 1875 w ent
Into th e hands of a receiver, where It continued u n til Dec. 1903, when new
Interests succeeded to co n tro l. See V. 78, p. 343. T he franchise to o perate
in New Y ork C ity was signed by M ayor McClellan on Aug. 2 1904. V. 79,
p. 028. C apital stock (for nearly $1,000,000) was Increased on Ju ly 26 1904
to $20,000,000. V. 79, p. 270. In N ov. 1904 R ailroad Commissioners
approved th e Increase of sto ck and th e m aking of th e new $20,000,000
—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
m ortgage. T here has been considerable litigation betw een th is road and olOCK, *>loU,UUU
_______ __
< 13 4 000
th e New Y ork & P o rt C hester R R ., a rival p ro je c t, and on J a n . 10 1908 th e
iso lo o o June'1~ 1926
A ppellate Division of th e New Y ork Suprem e C ourt F irst D e p artm e n t, F1™t. ™°rtKa^ ’ 5150,000 / 1896 6 'g jr'-D
($1,000), gold...................c * \I n t. a t Buffalo L .. T . & S. D . Co., B uff., T r.
affirm ed decision of lower co u rt restrain in g th e New York & P o rt Chester
from using p a rt of th e located line of th e New Y ork W estchester & B oston.
V. 86, p. 169. In Dec. 1906 th e R ailroad Commissioners g ran ted th e New
NORFOLK, VA.
Y ork & P o rt C hester perm ission to Increase Its stock to $20. 000,000 and to
m ake a m ortgage for $20,000,000. See V . 84, p. 52. In O ct. 1908 C ourt
C H ESA PE A K E TR A N SIT CO.— H as been absorbed by Norfolk & S outhof A ppeals a t A lbany rendered a decision holding c h arte r of New York c m . bee la tte r In Itallw ay a nd In d u stria l Section
W estchester & Boston R y. alive (see V. 87, p. 936, 1421), an d In Feb. 1909
P ublic Service Commission Issued th e necessary certificate to proceed w ith
constructio n . In May 1909 Gov. H ughes signed a bill a u th o rizin g the M a p o n p t g * 80 )!P0RTSM 0L,TH TRACTION CO.— A tro lley ro a d .— (See
consolidation o t the New Y ork W est. & Bos. a n d th e N . Y. & P o rt C hester.
O R G A N IZA TIO N .— Incorporated u n d e r A ct of th e G eneral A ssem hlv
C o n t r o l b y t h e N e w H a v e n .— T he New Y ork New H aven & H artfo rd owns
V irginia approved
orfolk
all th e stock (1,000 shares, p a r $100) of th e MUlbrook Co., Incorporated In ofortsm outh & N ew portFeb. 20 1900, a nd M arch 29 1002? as th e N of th e
News Co., and was formed by consolidation
New Y ork N ov. 5 1906, a n d th e la tte r owns all th e stock of th e New York & P
P o Norfolk
R
Co.,
P o rtsm o
SmlthOeld
P o rt C hester R R . (91,590 shares) an d one te m p o ra ry 5% 1st m tge. bond Co.rtand th e P Electricu thailw ay P o in t th e N ew port u th & R y ., F erry R aB road
o rtsm o
P ig ’s
&
News
& H otel
for $100,000; la tte r com pany In tu rn owns a m a jo rity of th e stock of the
New Y ork W estchester & B oston R y. See p articu lars of assets of N . Y. Co. By agreem ent of m erger a nd consolidation w hich becam e effective
& P o rt C hester R R . In V. 87, p. 480. In March 1909 th e New H aven a p April 23 1906, th e Berkeley S treet R ailw ay Co. and th e Old Dom inion R ail
plied for perm ission to purchase stock of N . Y. & P o rt C hester and N . Y. way Co. were merged Into th e Norfolk P o rtsm o u th & N ew port
W est. & Bos., a n d dispense w ith th e MUlbrook Co. See N . Y. N. H . & H . News Co., and th e corporate existence of th e last-nam ed com pany w as con
In V. 88, p. 625. In A ug. 1909 th e Commission h eard a rg u m en ts on the tinued, a nd Its nam e changed to Norfolk & P o rtsm o u th T raction Co., u n d e r
which nam e It became vested, w ith all th e c h arte r pow ers, property and
proposed consolidation.
On Nov. 20 1908 th e B oard of E stim ate g ra n te d ap p licatio n of com pany franchises of th e th ree m erging com panies. This com pany has also ac[e n llc,Sul,0" t Light & Ice Co. and has leased th e N orfolk R ailw ay &
to change Its route In order to connect w ith New H aven road, to operate
line by overhead trolley an d to ex ten d tim e In which to com plete p ortion of Light Co. for 99 years from J u n e 1 1906, under term s given In th a t com
road lying w ithin city lim its; u n til Aug. 1911 Is given to build road from pany s sta te m e n t below. I t also owns the entire ($500,000) capital stock of
city boun d ary to 174th S t. a n d u n til Aug. 1913 from 174th S t. to H arlem the Norfolk & A tla n tic T erm inal Co. w ith a mileage of 1823 miles, and the
entire cap ital ($100,000) stock a nd ($1,000,000) bonds of the N orfolk &
R iver. V. 87, p. 1421
Ocean \ lew R ailw ay Co. (a reorganization of th e Bay Shore T erm inal Co..
STOCK AND BONDS— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Incoi porated In 1900), w ith a m ileage of 19 miles. C ontrols bv ow nership
_____
$10 8 41,0 0 0
___
s to c k , $20,000,000 ($ 100 ) ___ _____
or lease the following properties. The ferry to N ew port News, w ith
1st m ortgage, $20,000,000,1 1904
5 g A-O
15,000,000 O ct 1 1954 tw o steam b o ats; th e ferry to Old P o in t Com fort, w ith tw o steam boats:
gold ($1,000)--------------- c*J K nickerbocker T ru st Co., N. Y ., T ru stee. the C ity Gas C om pany, w ith unlim ited franchises. Bonds are listed
B o n d s . — Will be su b ject to call on or a fte r O ct. 1 1909 a t 110 and In terest.
oo J . P hiladelphia, B altim ore. P ittsb u rg h and Boston stock exchanges.
R O A D .— Is to build a line of four track s 22.22 miles In length from 138th V . 83, p . 492. F r a n c h i s e s for s tre et railw ays In P o rtsm o u th expire In 1926,
S t., New York C ity, to P o rtch ester, w ith a bran ch from Pelham via Mount 1927 and 1932. S treet railw ay f r a n c h i s e s In N orfolk expire In 1944. T he
Vernon and Scarsdale to W hite Plains, 13.21 in., a n d a b ranch of 6.06 m . to electric lighting f r a n c h i s e in Suffolk expires In 1916. A t th e tim e of th e
Clason’s P o in t and T hrogg s Neck, m aking (w ith four and th ree tracks) a ,p o 'S e r—April 1906—th e com pany was financed by Messrs. C handler Bros.
to ta l 'of 108.93 miles of tra c k . Will be operated by electricity an d have , Co. of Philadelphia, Jo h n L. W illiams & Sons, of R ichm ond, and M lddenfcnccd-ln p riv ate rig h t of w ay w ith no grade crossings. 90-lb. rail. For dorf. W illiam s & Co. of B altim ore, by whom securities are handled.
full description of proposed ro ad , see V. 79, p. 501. 1 y t miles of grading
STOCK AN D BO ND S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
for 4 track s has been com pleted a n d several bridges erected. V. 85, p. Stock, $6,000,000 ($100)__________
_______
$6,000,000
.
794, 1144; V. 86, p. 109, 169; V. 87, p. 415, 480, 936, 1421; V. 88, p. 5
F irst m ortgage, $8,000,000,/ 1906
5 g J-D
5,35 ,000 Ju n e 1 1936
1128.
_
gold ($1,000)..................... c * \In t. a t T ru st Co. of N orth A m ., P h lla., T rus
Convertible notes $1,800,000] 1908
6 g M-S
961,000 See te x t.
($1,000) g o l d ....................... / In t. a t B altim ore T ru st & G uar Co., T rustee.
NEWBURGH, N. Y.
B o n d s . —All underlying Hens of th e subsidiary com panies have been
ORANGE COUNTY TRACTION CO.— Trolley.
w
o t the
th
tla n tic T erm inal
In Sept. 1906 control changed h an d s an d new officers elected as below. retired heith the exception ortgagebonds ofof e Norfolk & AIssued for a cqui
Co. T
unissued first m
bonds
1906 m ay be
V. 83, p. 688.
Im provem
t
over $500,000 In a ny one
O R G A N IZ A T IO N .— O rganized O ct. 16 1901 a n d acquired th e N ew burgh sitions, Aextensionsu a ndof H % per ents, b uof nottsta n d in g bonds com m ences
s in k in g f n d
annum
ou
E lectric R y. Co., sold u n d e r foreclosure. T he N ew burgh E lectric 1st year.
on June 16 1916 which Is
In th e
Are
to call
m ortgage bondholders and th e W alden & Orange Lake R R . and th e New a t 110 a nd Interest on an y to be Investedupon 60 bonds. notice. su b jec tnotes of
Interest d a te
d y s’
The
burgh & O range Lake R R . agreed to a red u ctio n In th e ir In terest from 6% 1908 m a tu re . $600,000 a nnually on March 1 a1911, and 1912; can be
to 5 % . Sec V. 73, p . 138. In May 1904 S ta te R ailroad Commission called a ny Interest period In an y am o u n t a t par; collateral for outstan d in g
gran ted perm ission to m ake a new m tge. for $100,000 for Im p ro v em ents. notes ($961,000) consists of $286,000 N orf. & P o rtsm . 1 st m tge.; $600,000
In Ju ly 1908 Public Service Comm, g ra n te d perm ission to Issue four notes Norf.
O cean
orf. & A tl.
m tge.
of $25,000 each to refund obligations a m o u n tin g to $100,000. T he $100, bonds;&also 612View 1st m tge., an d $500,000 Nentire 5,000 T er. gen. orf. &
shares C ity Gas Co. stock and
shares N
000 new m tge. Is deposited as collateral for th e notes.
A tl. T er. sto ck . T he unissued notes can be Issued only upon deposit of
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
additional collateral. T hey m ay be converted a t option of holder Into N orf.
Stock, $150,000 ($ 2 5 ) ..............................................
$150,000 .
. . .
& P o rtsm . T rac. 1st m tge. or N orf. & A tl. T er. gen. m tge. bonds on the
P f. $175,000 6 % n-cum ($25)...................................
175.000
. basis of p a r for notes, 90 a nd Int. for N orf. & P o rtsm . bonds a nd 85 and
Ncwb Elec 1st M ($250,000),!
1894 5 g M-N
250,000 May 1 1944 lu t. for N orf. & A tl. T er. bonds. V. 86, p. 1410, 1530.
gold ($500), no t sub to call l i n t . a t K nlck. T r. C o., T ru stee, N Y. C ity.
For calendar years ot N orfolk &
W alden & O range Lake 1st 1 1895 5 g J - D
100.000
Ju n e 11945 R E P O R T .— panies see re p o rt for 1908 In V. P o rtsm o u th T raction Coand allied com
88. n. 125')
Passengers
m tge, gold, guar p & 1----- / I n t . a t H am ilto n T ru st Co., B rooklyn.
carried in 1908 were: Fare passengers, 18,223,746; free passengers, 792,029;
Newb & O range L ak e 1st]
1894 5 g J - J
75,000
Ju ly 11944
transfers, 1,520,137; to ta l, 20,535,912, ag ain st 32,316,166 In 1907 a nd
M, gold ($500), p & I g u .c * /I n t. a t K nlck. T r. Co., T ru ste e , N . Y C ity
.
New m ortgage, $100,000, gold 1904
5 g A-O
See te x t. A pr 1 1024 20,088,237 In 1906.
„
1908.
1907.
1906.
R O A D .— Owns 18 05 miles of tra c k , 45 passenger a n d 10 o th e r cars.
Gross earnings............................................$1,877,930 $2,616,458 $1,719,546
1,104,346
1,655,654
1,113,883
O F F IC E R S .— P res., B. B. Odell J r .; V .-P ., A. L. J . Miller; T rea s., H . B. O perating expenses..................................
Odell; Sec., W . G. T ag g art; Gen. M gr., Frederick S. B erry .— V. 83, p .6 8 8 .
.
$773,584
$960,804
$605,663
D eductions from Incom e.
2,283
•170
NEWPORT, R. I.
.
$773,584
$958,520
$605,833
N EW PORT & PROVIDENCE RY. C O —T rolley.
Fixed charges___________
.
790,630
704,808
501,556
a E x tra o rd in a ry expenses.
O R G A N IZ A T IO N .— In co rp o rated In 1902.
126,507
12,033
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
. def.$17,046
$127,205
$92,244
Common, $300,000 ($100).........................................
$300,000 __________
P ref. cum , $200,000 ($ 1 0 0 )......................................
200,000 ____
* O ther a dditions to Income, a Include deductions for depreciation and
1st m tge. $500,000, g o l d . . . c * ___
5g
425,000
1025
ex tra o rd in a ry expenditures Incident to Jam estow n E xposition service.
B o n d s . —Are su b ject to call In 1910.
«r
Dn ^ D P L A N T .— O perates a b out 138 miles of tra c k (Including
' E A R N IN G S .— For y e a r en ding Ju n e 30 1909, gross, $65,024; n e t, Norfolk R ailw ay & L ight Co.) In Norfolk. Portsm outh and B erkley, In
$19,337; In terest and ta x e s, $21,944; deficit, $2,607.
cluding the N orfolk & O cean View R y. Co., the Norfolk & A tlantic T erm inal
HO A D . — perates 14 m ilts of tra c k from N ew port to B ristol F erry , Co., furnishing a line from N orfolk to Sewell’s P o in t, where connection Is
O
w here connection Is m ade by ferry to Providence; 70 a n d 00-lb. T and
^ te rry to N ew port News. H as 269 cars. A new pow er house w ith
girder rail. 12 c trs.
10,500 k. w. capacity was constructed In 1907. S ept. 1908 was supplying
125,943 Incandescent lam ps, 2,179 a rc lam ps an d 4,190 h. p. m otors.
O F F IC E R S .— P res., E . A. Brow n; V .-P ., Melville Bull; Sec., Geo. A
W eaver; T rea s., Geo. E . M acom ber: Mgr., Geo. M. Tow le.— V. 78, p . 2510’
O F F IC E R S .— P res., John Blair ManAfee, Philadelphia; 1st V .-P ., F ran k
O. Briggs; 2d V .-P .. G. M. Gerpell; Sec. (pro tem ) & T rea s.. W. J . Kehl;
Gen. M gr., E . C. H a th aw a y .— V. 86, p. 1225, 1339, 1344, 1410, 1530; V. 88,
NEWTOWN, PA.
p . 883, 1197, 1 2 5 0 , 1254.
BUCKS COUNT Y ELECT RIC RY — A tro lley ro ad .
(1) Norfolk Railway & Light—
O R G A N IZ A T IO N .— O rganized In P en n sy lv an ia Feb. 1908 as a consoli
L e a s e . — W as leased on Ju n e 1 1906 to Norfolk & P o rtsm o u th T rac tio n Co.
d a tio n of th e Newtown R ailw ay Co. and th e N ew tow n Langliom & B ristol tor 99 years, lessee to pay as re n ta l (In a ddition to all fixed charges) on
(Trolley) S treet R ailw ay Co.
Ju n e 1 1906, Dec. 1 1906 and J u n e 1 1907, $16 500 on each date; Dec. 1
1907 and Ju n e 1 1008, $24,750 on each date; Dec. 1908. Ju n e 1909 Dec.
STOCK AND BONDS.
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
Common $400,000 ($ 5 0 ) .....................................
*400 0oo
1909 and Ju n e 1910 $33,000 on each d a te ; Dec. 1910, J u n e 1911, Dec. 1911
1st m tge $500,000 ($1,000)] 1008
5 g M-N”
500',000 N o v V io 3 7 and Ju n e 1912, $41,250 on each date; Dec. 1912 a nd th e re a fte r $49,500
on each Ju n e 1 and Dec. 1. V. 82, p. 1323.
gold red 105 and In t----- c * /I n t. a t N or. T ru st C o., P h lla .. T ru stee.
O R G A N IZ A T IO N .— Incorporated In V irginia on Nov. 2 1899 as a con
R O A D .— O perates 30 m iles betw een B ristol and D oylestow n, P a.
solidation of th e following: Norfolk S treet R R .. N orfolk & Ocean View Ry
O F F I C E R S — P res.. F ran k B attles; V .-P ., W . F re d ’k S nyder: Sec., J . L
V irginia E lectric Co. and th e Berkeley L ight & Pow er Co
Own en tire
R ichter; T rea s., H . H. H arrison: M gr., yy. h . ja n n e y .— V. 86, p . 51.
stock of th e N orfolk L ight H eat & Pow er Co. S treet railw ay franchises
expire In 1944, except a sm all portion of mileage In N orfolk, which ext Ire* In
NIAGARA FALLS, N. Y.
1934. Electric light f r a n c h i s e expires In 1930. The com pany control - th e
street railw ay, electric lighting and pow er business of the city of Norfolk
NIAGARA GORGE R Y .— E lectric.
and owns a line of railw ay and steam ers to Old P o in t Com fort- also ow ns
. O R G A N IZ A T H JN ,— in co rp o rated in New Y ork Ju n e 3 1899 as successor 4,011 shares out of 5,000 shares of th e stock of th e C ity Gas Co. of N orfolkto th e N iagara Falls & Lew iston, sold a t receiver’s sale May 23 1899
E x rem aining 989 shares are owned by the N orfolk & P o rtsm o u th T ractio n Co.
tends from O nondaga S t., Lew iston, along th e ban k of th e N iagara’ R iver On A ug. 30 1904 th e C ity Gas Co. purchased th e Berkeley Gas Co. V. 79
to th e c ity of N iagara Falls. W as form ally opened Ju ly 1 1899. Also con p . 968. Stock Is listed on th e P hiladelphia Stock E xchange.
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
STOCK AND BO ND S—
............ ..
.............. $1,650,000 J u n e '00. 2%
Stock, $ 1 ,650,000 ($25)
6 g J-J
125.000
J a i l 1013
Norfolk City first m ortgage,? 1888
eold ($1.000)............ ...........c /I n t. a t M ercantile T r. C o., N . Y. C ity, T ru st.
V irginia Electric Co first m tge) 1898
5 A-O
20,000 A pril 1 1928
$500,000, gold ($ 1 ,0 0 0 ).. . l i n t , a t U . S. M tge. A T r. Co., N , Y .. T ru stee.
Norfolk S treet first cons m tge,] 1898
5 g J -J
915,000 J a n . 11944
$1,000,000 gold ($ 1 ,0 0 0 ).cl In t. a t Merc. T r. A D ep. C o., B a lt., T ru stee.
Norfolk R y A L t first cons MJ 1899
5 g M-N
2,940,000 N ov. 1 1949
$ 4 ,000 ,000,g($ 1,000) s f . .c * ) I n t . a t In te rn a tio n a l T r. C o., B altim ore, T r.
C ar equ ip m en t certificate__________
5
15,000
See te x t.
B o n d s . — Of th e first consol, m tg e., $1,060,000 Is reserved to retire o u t
stan d in g bonds. S i n k i n g f u n d begins N ov. 1 19 0 9 , an d provides for the p u r
chase of 1 % of o u tstan d in g bonds each year a t 110 or less. Sec V. 70, p.584.
T h e car eq u ip m en t certificates m a tu re $2,500 a n n u ally to Ju n e 1 1915.
ROAD AND E Q U IP M E N T .— Owns 55.80 miles of tra c k . G auge, 5 ft.
2 ' / 2 In. and 4 ft. 8 Y i In.; 60 to 90-lb. rails.
Owns 2 steam ers which operate
to Old Point Com fort, a n d extensive real e sta te a n d buildings a t Ocean
View. Including large hotel, th e a tre , pav ilio n , re s ta u ra n t. Ac.
O F F IC E R S .— P res., R . L an caster W illiam s; 1st V .-P ., Caldwell H ardy;
2d V .-P ., E. C. H ath aw ay ; Sec. (pro-tem .) A T reas., W . J . K ehl.— V . 81,
p . 508; V. 82, p. 752, 1041, 1323.
(2) Norfolk & A tlan tic T erm inal Co.
O R G A N IZ A T IO N .— O rganized In V irginia. E n tire $500,000 stock Is
ow ned by Norfolk A P o rtsm o u th T ractio n Co. F r a n c h i s e In N orfolk 35
years from 1895.
STOCK AND B O N D S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock S500 000
- ______ _____
_______
See te x t __________
F irst
m ortgage,
$500,0001 1899
5 g M-S
$500,000 Mch. 1 1920
gold
_____/In te re s t a t A lex. Brown A Sons, B altim ore.
G eneral"m ortgage $2,000,0001 1908
5 M-S
500,000 Mch. I 1938
($1 000) g u ar p A I go ld .c* /I n t . a t R eal E s ta te T ru st Co., P h lla.,T ru stee
B o r i a s .—The general m ortgage bonds are g u aran teed principal and In te r
est by Norfolk & P o rtsm o u th T ractio n Co. $500,000 are reserved to retire
first m ortgage bonds, a n d rem aining $1,000,000 for extensions. Im prove
m en ts an d acquisitions. S ubject to call on a n y Interest day a t 105 and
Interest on 60 d a y s’ notice. Sinking fund of
of o u tsta n d in g bonds Is
pay ab le sem i-annually, beginning M arch 1 1918,an d bonds m ay be draw n
a t 105 and Interest.
,
..
E A R N IN G S .— Included In sta te m e n t for N orfolk & P o rtsm outh T rac .
R O A D .— R uns from Norfolk to Sewell’s P o in t, connecting there by ferry
w ith N ew port News. T o tal m ileage of tra c k , 20.16. 80-lb. ra il.— V. 88,
p. 1254.
NORWALK, OHIO.
SANDUSK Y NORWALK fc MANSFIELD ELECTRIC R Y .— A trolley
r°O n J a n . 2 1909 control was ta k e n over by th e B artholom ew S te n tz
sy n d ica te a n d officers elected as below. T he sam e syndicate Is also said
to be negotiating for th e Mansfield R y. L ight A Pow er Co. an d to be back
of th e M assillon W orcester A Mansfield ro a d on w hich constructio n Is to
begin In th e spring. V. 88, p. 159.
O R G A N IZ A T IO N .— P riv ate rig h t of w ay except In cities w here f r a n
c h i s e s run 25 years from 1904.
H as c o n tra c t for supply of pow er w ith
Lake Shore E lectric R y.
O u ts ta n d in g .
M a tu r ity .
STOCK AND B O N D S—
D a te .
In te r e st.
$360,000 .....................
C om m on------------------------------------------------240.000 .....................
P referred, non-cum ulatlve _______ _
_______
600.000 Ju n e 1 192 4
F irst m ortgage, $600,000,1 1904
5 J-D
.
gold_____________________ j I n t.a t S e curltyS av.B k.A T r.C o.,T oledo,T rus.
B o n d s . — R edeem able on a ny Int. d a y on 90 d a y s ’ notice a t 110 and In t.
Sinking fund $5,000 per annum Ju n e 1 1909 to 1913 Inclusive; 1914 to 1918,
Inclusive. $10,000; 1919 to 1923, Inclusive. $20,000.
R O A D .— O perates 31 miles of tra c k from N orw alk th ro u g h tow ns of
N o rth Fairfield, S teuben, New H aven a n d P ly m o u th , to Shelby, w here
connection Is m ade w ith th e su b u rb a n lines of Mansfield: also a 2
m iles
extension to Chicago Ju n ctio n . S ta n d a rd gauge, 70-lb. T rail.
O F F IC E R S .— P res., a nd Gen. M gr., G. A. B artholom ew ; V .-P ., A. M.
S tentz; Sec. & T rea s., Geo. S. Pow ley; Ai d , E. W . F rin k .—V. 88, p . 159.
NORWICH, CONN.
NORWICH & WESTERLY RY .— A trolley road.
C ontrolled by U nited R ys. Co. of New Jerse y , a holding com pany, w ith
address 35 W all S tree t, New Y ork.
I l e c e i v e r s h i p . — On S ept. 15 1909 U nited S tates S enator F ran k B. B randegee of C onnecticut was appo in ted receiver, d e fa u lt having occurred S ept. 1
1909 on first m ortgage bonus. A te n ta tiv e plan, calling for a considerable
reduction In fixed charges, has been m apped o u t. V. 89, p. 666, 721.
O R G A N IZ A T IO N .— Inco rp o rated in C onnecticut O ct. 30 1903 a nd
operates u nder charetrs g ra n te d b o th by C onnecticut and R hode Islan d .
STOCK AND BO ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
$450,000 ......................
C om m on. $450,000.......................................................
Preferred. $250,000 6% c u m ...................................
168,200 .....................
F irst m ortgage. $750,000,f 1906
5 g M-S
750,000 Mch. 1 1936
gold ($1,000)____________ l i n t . a t T ham es Loan & T ru st Co., N orw ich,
l S ta te T reasurer, T rustee.
Loans a n d notes payable Ju n e 30 1908, $245,189.
NORTH ATTLEBOROUGH MASS.
B o n d s . — S u b ject to call a t any Interest period a t 115 and Interest.
T ru s
tee of m ortgage Is S ta te T reasurer.
IN TER -STA TE CO NSOLIDATED STREET RY,
E A R N IN G S.— F or y ear ending Ju n e 30 1908; gross, $67,308; n e t, $2,508;
O R G A N IZ A T IO N .— O rganized as successor In M assachusetts to the charges, $53,360; dcf., $50,852.
In te r-S ta te C onsolidated of R hode Islan d . In a s ta te m e n t to th e M assa
R O A D .— O perates 24.340 miles of tra c k , Including sidings, from N o r
c h u se tts Legislature In F e b . 1909 by th e N . Y. N . H . & H .. allusion Is wich. C onn., via P oquetanuclf, Hallvllle. ShewvlHe, N orth Stonlngton and
m ade to th e R hode Islan d C om pany (a New H aven auxiliary) having an W hite Rock, to W esterly, R. I.
P riv ate rig h t of w ay except through
In te re st In “ th e earnings a n d In debtedness" of th is com pany. See V. 88. tow ns. 70-lb. rails, 8 passenger cars. 27 o th er cars.
p . 506.
,
O F F IC E R S .— P res., A. E . Locke: Sec., C harles D. Noyes; T rea s., II. P .
STOCK AND BO N D S—
D a te .
In te r e s t.
O u t s t a n d i n g . C a s t Dlv.
P h elp s.— V. 82, p . 1497; V. 86, p. 920; V. 89, p . 666, 721.
S to ck , $275,000 (par $ 1 0 0 ) ... - ............................
$275,000 J ’ly31’09,5%
C urrent liabilities S -p t 3 0 ’0 8 . . . . .
................ ..
261.549
..............
PAWCATUCK VALLEY STREET RY.
R O A D .— Owns 24.07 m iles of trolley tra c k a n d 1.73 miles sidings, Ac.,
C ontrolled by U nited Railw ays Co. of New Jersey.
from Rhode s lla n d S ta te line to N orth A ttleborough a n d Plalnvllle, Mass.,
IO N .— In March 1908 control was purchased
H ebronvllle, D odgevllle a n d A ttleborough. T o tal o p erated . 25.80 miles. W O R G A N IZ A TA Pow er Co. by the U nited R ailw ays Co. of New from the
esterly Light
Jersey, a
E A R N IN G S .— F o r y e ar ending S e p t. 30 1908: Gross, $158,379; n e t, holding com pany controlling Norwich & W esterly R y. a nd o th er Conn,
$20,752: fixed charges, $15,294; surplus, 515,458.
O F F IC E R S .— P res.. L . S. S to rrs. Springfield; V .-P ., A. 1 . P o tte r, P ro v i properties. V . 86, p. 920.
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
dence; Clerk an d C om p.. J . T . H a rm e r. Springfield; T rea s., L. Candec.
S t o c k ______________________ _____
_______
$75,000 ---------------Springfield. Gen. M gr., E. J . D ickson, A ttleb o ro u g h .— V. 73. p. 236.
M ortgage $50,000 gold ($500)1 1907
5 g M-N
50,000 Ju n e 1 1927
redeem able a t 105 In l'»12 / In t. a t Union T ru st Co.. Providence. T rustee.
NORTHAMPTON, MASS.
E A R N IN G S.— F o r y ear ending Ju n e 30 1909: Gross, $26,507; n e t,
$9,960; Interest a nd tax es, $7,887; surplus, $2,073.
NORTHAMPTON STREET R A IL W A Y .— A trolley ro ad .
H O \D . - Em braces 6 '1 nlh-s > f aek.
O R G A N IZ A T IO N .— C hartered Feb. 26 1873. In Feb. 1908 was granted
O F F IC E R S .— P res., F . dc C. Sullivan, 71 IHvay., N . Y .; Sec. A T rea s.,
perm ission to Issue 8175,000 ad d itio n al stock a t $110 p : r share (par $100) H . P . Phelps, P o q u e ta n u c k , C onn.; S u p t., J . T . Cousins.— V. 86, p. 920.
to retire floating d e b t. Ac. V .8 6 . p .4 8 1 .
F a r e s — In Dec. 1908 d irectors vo ted to Increase fares from 5 to 6 cents,
OAKLAND, CAL.
effective J a n . 1 1909. V. 87, p. 1605. On F e b . 26 1909 Mass. R R . Com.
decided th a t a n Increase In fares w ould be unreasonable a n d excessive
OAKLAND TRACTION COMPANY.—Trolley.
V 88, p. 625. On M arch 3 1909 fare was reduced to 5 cents
O R G A N IZA TIO N .— Incorporated In C alifornia Nov. 8 1906 and Is a
STO CK , BO N D S, A c.—
D a te . In te r e s t. O u ts ta n d in g .
P its ., tc .
consolidation of th e O akland T raction Consol, and th e Berkeley T raction
S tock, $4 5,000 (par $100)................
J-J
54.10,000 J a n 0 9 ,2 K %
Co. See V. 8 3 ,p . 1229. The O akland Traction Consol, was a consolidation
New
m ortgage,
$200,000/ 1900
4 hj J-D
200,000
Ju n e 1 1910
of th e O akland T ran sit Consol, and th e W ebster S tree t A P ark R y. See V.
($ 1 0 ,0 0 0 )________ ______ c l l n t . a t T h ird N a t. B an k , P ittsfield, Mass.
79, p. 1462. The O akland T ran sit Consolidated was a consolidation on
----------137.000
------------ - Loans & bills p ay ab le Sept 1 ’0 9 ----Mar. 29 1902 of th e O akland T ran sit and th e O akland San L eandro A H ay
B o n d s . — The new m ortgage 4 'A % bonds could have been called a t p a r in
w ard’s Elec. R y. C onsolidated. C ontrolled by "R e a lty S y n d ic a te ."
1905, b u t n o t th e re a fte r, upon 60 d a y s ’ notice. T rustees are Erw in H . F ranchises expire from 1933 to 1942. Comprises practically all th e s tre et
K en n ed y and R alp h B. B ard well, b o th of P ittsfield .
$2»,000 1st os railw ays doing business In O akland, A lam eda, Berkley and C ounty of A la
which becam e due Apr. 1 1909 are held by th e T h ird N ational B ank of m eda. On April 27 1901 began using power furnished by th e Bay C ounties
Pow er Co., which power Is generated by th e Y uba R iver a nd tra n s m itte d
P IS ’S « r - l i o “ s % T i 0 0 2 . 8
%; 18the 140 miles by copper cables.
1003. 8% : In 1004. »%!. I n 1005.
6%- -n 1) r 27 1905. 3 ‘4% ; In 1906, 3 'A
in 1907, 7 % ; 1 1 1908, 6% ;
1
O u ts ta n d in g .
M a tu r ity ,
STOCK AND BONDS—
D a te .
In te r e s t.
i n ' 1909, J a n ., 2 ^ % . Ju ly , none.
. , „
„
,
. „ ,,
$10,875,000 ................... ..
R O A D .—O perates 26.639 miles of tra c k , Including extension to Holyoke Common, $10,875,000 ($ 1 0 0 )..................................
7.050.000 .....................
P ref., 6% cum ., $7,050,000,1 ..............................
and extension from M t. Tom Ju n ctio n t o ^E astliam pton. O perates 44
$100
................................ „_/
passenger cars, 4 snow-plows, 9 o th e r cars a n d 120 electric m otors.
2.527.000 J a n . 18 1935
O ak. T rac. Co. gen. con.) 1907
5 g J-J18
.
A N N U A L R E P O R T .— F o r years ending Sept. 30 earnings have been:
m tg e., g., $12,000,000,lin t, a t W ells, Fargo-N evada N a t. B k ., San
1908.
1907.
sink, fund ($1,000)___ c*j F ran . U nion T r. Co., San F ra n ., T ru ste e .
1908.
1907.
Gross ......................$171,440 $174,487 Bal. for d lv ld ’d s - . $17,788 $12,366 Gen. consolidated m tge., Oak) 1905 5 g J -J
2,154,000 J a n . 2 1933
21,000
N e t .......................... $50,989 $44,045 D ividends ______ 18,000
T rac. Consol., $7,000 ,0 0 0 )ln t. a t Wells Fargo A Co., B ank, N . Y . A
212
8,634
gold ($1,000)....................... cj San F ran.; U nion T r. C o.. San F ra n ., T ru ste e
In te re s t, taxes,iSrc 33,201
31,679 Bal., d e f., for y ear
O F F IC E R S .— P re s .,.J. C. H am m o n d , N o rth a m p to n , Mass.; V .-P. and 1st cons. M., $4,806,000) 1902
5 g J -J
1,296,000 J u ly 1 1932
T rea s.. N . D. W inter. SDrlnglleld; Sec., H . P . F ield . N o rth am p to n ; S u n t.
O akland
T ransit
C on.,/U nion T ru st Co., San Francisco, T ru ste e ,
Edw in C. C lark, N o rth a m p to n .— V. 70, p. 842, 1049; V. 86, p. 481; V. 87,
g., s. f. ($1,000)................ c*J
1st con. s. f. M. O ak. T ra n .f 1901
5 g J-J
1,593,000 Ju ly 1 1931
p . 1605, 1664: V. 88, p . 1500; V . 89, p . 42.
$3,000,000 ($1,000), g.-c* M ercantile 'Trust Co., San F ra n ., T ru stee.
l i n t , a t Wells Fargo A Co., B ank, N. Y .A S .F
CONNECTICUT VALLEY STREET RY.— Trolley.
1,400,000 Ju ly 7 1918
O R G A N IZ A T IO N .— In co rp o rated In 1899. Com m enced J a n . 22 1900. 1st m tge. O akland T ran sit Co .) 1898 6 g J - J
Is a consolidation on April 1 1905 of th e N o rth am p to n A A m herst S tree t
R y , th e Greenfield & T u rn e r’s Falls S treet R y. a n d th e Greenfield Deerfield
A N o rth am p to n S treet R y .. as p er plan In V. 80, p. 1111.
In May 1909 Gov. D raper of Mass, signed a bill au th o rizin g not exceeding
$750,000 of m tge. bonds or notes, su b ject to approval of R R . Com. V.
gold ($1,000) J ................ / In t. a t Wells Fargo A C o., B ank, N .Y , A S .F.
88 p 1313
On O ct. 4 1909 app ro v ed an Issue of n o t exceeding $700,000
M o r t g a g e tru stee Is th e California T itle Ins. A Trust Co., San eranclsco.
5% bonds to refund p resen t o u tsta n d in g bonded d e b t a n d for a dditions a nd
B o n d s . — Of the $12,000,000 bonds of 1907, $7,000,000 are reserved f i r
Im provem ents. V. 89, p . 918.
„ , . ,,
.„ ,
prior liens. A s i n k i n g f u n d beg n in 1907 which will retire a b o u t $7,000,STOCK AND B O N D S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
by 1932. Of
Traction consolidated
_______
$500,000 1906-07,2 % 000 bonds $4,826,000 are the $7,000,000 O akland Hens. A s i n k i n g f u n d
Stock $500 000 ($100)
reserved to retire prior
C onnecticut Valley S t R y flrs tJ 1900
5 g M-S
40,000 S ept. 1 1920 m ortgage,
m ortgage, gold ($1,000) .c * lln t . a t Old Colony T ru st Co., B oston. T ru st. beg n In 1906 which will retire $6,000,000 bonds by Ju ly 1 1628. See V.
N o rth a m p to n & A m herst first/ 1900
5 g_M-S _
180,000 S ept. 1_1920 81, p. 668. Of the first consol, m ortgage of 1902 of th e O akland T ra n s it
mUre'$"l8o' 00 (Vg" ( S i (")6ojet In t." a t Old Colony T ru st Co., B oston, T ru st. ! C onsolidated, $3,500,000 are reserved for prior Hens and th e balance w a sp re
Greenfield Deerfield A N o rth /
„
- _
first m ortgage, $ 1 50,000,>Int. a t M ercantile T ru st Co., B oston, T ru s.,
gold ($1,000 a n d $500) - _c*J No sinking fund a n d bonds can n o t be called s i n k i n g f u n d for these bonds com m ence In 1903 and ranges from $10,000to
$250,000 per
will retire a t m a
bonds.
onds
Greenfield A T u rn e r’s Falls/ 1896
5 g J-D
76,000 June 1 1910 n o t subject toyear, which ay be purchased tu rity $4,000,000 In open m Brk e t.
call, b u t m
for sinking fund
a
first m tge, g, sinking fu n d - /I n te r e s t a t Beacon T ru st Co., B oston.
the $3,000,000 first
$1,400,
Green A T u rn Falls cons m tg e j 1903
5 g J-D
54,000 Ju n e 1 1923 See V. 75. p . 135. Of underlying Hens a t consols O.akland T ran sit, been re
m a tu rity
$5,000 have
$130,000 g ($500 $1,000).c * /In te re st a t Beacon T ru st Co. B oston, T ru st. 000 reserved to retire
C urrent liabilities Sept 30 i 9 0 s -------------213,563 --------------- tired . A s i n k i n g f u n d commences on these bonds In 1912, which will retire
or provide for $2,000,000 of the bonds on or before m a tu rity . In te re s t on
B o n d s . — Greenfield A T u rn e r’s Falls first m ortgage (originally $100,000)
provides for th e p ay m en t of $2,000 a n n u ally from 1897 to 1915, Inclusive, a t both consol, m tges. Is payable a t W ells, Fargo A Co. B ank In New Y ork
a prem ium . Sufficient of th e consols are reserved to retire th e first m o rt an d San Francisco.
B oth the O akland San Leandro A H ay. Elcc. R y . and the 23d A ve. Elec.
gage bonds a t m a tu rity . T he N o rth a m p to n A A m herst bonds are suoject
to call a fte r Sept. 1 1910 a t 105 on 4 w eeks’ notice, as are th e bonds of the R y. m ortgages have sinking fund com m encing ten years after d a te and
C onnecticut V alley S treet R y
The $40.000 C onnecticut Valley bonds were Increasing from 2% yearly (of to ta l bonds outstanding) for th e first five years
Issued un d er th e first morteraire of th e N o rth am p to n <x A m herst S treet R y. to 8 for la st five years. T he bonds are not su b jec t to call before m a tu rity
R E P O R T of com bined properties for calendar y e ar 1908, gross, $2,801,w hich was originally draw n for $300,000. As th ere is $180,000 o u t In nam e
of N o rth am p to n A A m herst S t. R y . a n d $40,000 In nam e of Conn. Valley 787; n e t, $1,478,979; charges, $550,977; surplus, $928,002; In 1007, gross,
$2,789,685: n e t. $1,382,889; charges, $534,008; surplus, $848,881.
S t. R v ., there are $80,000 bonds still to be Issued u nder th e m ortgage.
R O A D .— O perates 161 miles of trolley, ex ten d in g from O akland to A la
E A R R IN G S .— F o r y ear ending S ep t. 30 1908: G ross, $182,180; n e t,
m eda, Piedm ont, Berkeley, Frultvalo, E ast O akland, San L eandro and
$52,261; In terest a n d tax es, $42,021; surplus, $10,240.
R O A D .— Owns a nd operates 47.304 m iles of tra c k betw een Miller’s Falls,
T u rn e r’s Falls, Greenfield, N o rth am p to n a n d A m herst. 39 passenger cars, n<O F F IC K R S .— P res., E . A. H eron: 1st V .-P ., H enry W adsw orth: 2d
V .-P . and Gen. M gr., W. F. Kelly; T reas., F . C. H avens; See., Sam uel J .
2 snow -plow s, 5 o th e r cars a n d 132 electric m o to rs.
O F F IC E R S .— P res., F. E . Pierce; Sec. a n d T rea s.. D . P . A bercrom bie T aylor; Ass’t Sec., F. W . Frost: Ass’t Gen. M gr., J. Q. B ro w n .— V . 80.
p . 1479; V. 81, p. 668; V. 83, 1220.
J r .; Sup*., J. A. T a g g a rt.— V . 84, p. 1182; V . 88, p. 1313; V. 89, p. 018.
OIL CITY, PA.
CITIZENS TRACTION CO.— A trolley road.
O R G A N IZ A T IO N .— In co rp o rated In Pen n sy lv an ia May 23 1902. Owns
an d operates th e C itizens’ L ight & Pow er Co. (capital $75,000), th e M onarch
P a rk H otel Co. (practically an am usem ent p a rk w ith 60 acres of ground)
th e Big R ock Bridge Co. a n d th e R eno Bridge Co.
STOCK AN D BONDS— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Common $1,000,000 ($50).........................................
$1,000,000 No div.
Preferred $1,000,000 ( $ 5 0 ) ..- ..............................
1,000,000 No dlv.
1st m ortgage $750,000 goldf 1905
5 J-J
750.000 J u ly 31 1935
($1,000) sink, fu n d _______( I n t. a t P enn. Co. for Ins. on Lives & G ran t.
( A nnuities, P hiladelphia, T ru stee.
E A R N IN G S .— F o r years ending Ju n e 30 1909 (for b o th tra c tio n com pany
an d light an d pow er co m p an y ), gross, $264,945; n e t, $67,609. In 1907-08,
gross, $259,120; n e t, $49,416.
R O A D .— O perates 34.76 miles of tra c k connecting F ran k lin and OH City
by tw o routes (on e ith er side of th e Allegheny) and reaching th e boroughs
of R ousevllle and Siverly. 65-lb. a n d 70-lb. T rail a n d 85-lb. girder rail.
H as 49 passenger cars; 11 service cars a n d 2 snow sw eepers. T he controlled
C itizens’ L ight & Pow er Co. furnishes electric light a n d pow er for Oil C ity
a n d vicinity.
O F F IC E R S .— Pres , Joseph Seep, T itu sv ille; V .-P ., W illiam H asson;
Sec. and T reas., George G. Sloan; Gen. M an., F . D. Shaffer.— V. 85. p . 598.
OKLAHOMA CITY, OKLA.
OKLAHOMA RY. CO.— A trolley ro ad .
T he sam e Interests eo n tio l th e G uthrie S tree t R y. system of 7 m iles.
O R G A N IZ A T IO N .— In co rp o rated In O klahom a on Ju n e 15 1904 under
th e nam e of O klahom a C ity R y . Co. and successor J u ly 1 1904 to th e
M etropolitan R y . Co. C ity franchise p erp etu al and exclusive on streets
occupied.
On .Sept. 21 1907 changed n am e to O klahom a R y. Co., Increasing c h arte r
powers so as to c o n stitu te b o th an u rb a n and ln te ru rb an road and Increas
ing stock from $1,000,000 to $3,000,000.
STOCK AND B O N D S.—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Com m on $2,000,000 ($100).......................................
$2,000,000 ________
P ref, $ 1,000,000 5 % c u m .------------------350,000 ________
O klahom a City 1st M $1,-1 1904 5 g J -J
50,000 Ju ly 11934
000,000 gold ($ l,0 0 0 )-- c ’, / l n t . a t Iron C ity T r. Co., P ittsb u rg h , T rustee
F irst and refunding m tg e .l 1907 5 g J J
1,150,000 Jan 1 1938
$3,000,000 ($1,000) g — c ’ J In t. a t Sate D ep. & Tr. Co., I’itts b ., T ru stee.
B o n d s .— Of th e new bonds, $1,450,000 have been Issued, $1,000,000 to
retire 5s of 1904, of which only $50,000 now rem ain o u tsta n d in g and
$450,000 used for ad d itio n s an d extensions, leaving $1,550,000 for future
extensions and b e tte rm e n ts a t 95% of cost and Issuable only when net
earnings arc double in terest charges, Including Inteerst on bonds to be
Issued. Can be called In 1918 on 90 d a y s’ notice a t 110 and In terest. No
sinking fund.
E A R N IN G S .— F o r y ear ending Ju n e 30 1909, gross, $370,921; n e t,
$127,069; fixed charges, $88,659; surplus, $38,410.
R O A D .— O perates 40 miles of tra c k In O klahom a C ity a n d suburbs; 55
passenger cars and 16 o th er cars. Is building an extension to G uthrie,
of which 8 miles to B ritto n Is com pleted.
O F F IC E R S .— P res., A nton H . Classen; V .-P ,, J . W . S h artel; Sec.,
J . J . Johnson; T reas., H enry M. B rauer. G eneral offices, O klahom a C ity.
— V. 79, p . 213; V. 85, p. 922.
OLEAN, N. Y.
WESTERN NEW YORK & PENNSYLVANIA TRACTION CO.— A
trolley road.
O R G A N IZA TIO N .— In co rp o rated In New York and Pen n sy lv ania on
N ov. 17 1906, and Is ft consolidation of th e Olean S treet R y. and th e Rock
C ity R R ., th e la tte r being a reorganization of th e Olean R ock C ity & B ra d
ford R y. B radford S t. R y . has also been absorbed.
STOCK AND BO ND S.— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $1.000.000 ($100).......................................
$1,000,000
..............
P ref $1,000,000 ($ 1 0 0 )...........................................
1,000.000 .....................
1st a nd ref m tgc $5,000,0001 1907 5 g J - J
2,474,000 J a n 1 1957
gold ($1,000)__________ c * /ln t. a t T ru st Co. of A m cr., N . Y ., T ru stee.
O lean S treet R y 1st m tg el 1899 5 g M-N
204,000 Nov 1 1929
$225,000 ($1,000) go!d--C*J In t. a t F id e lity T ru st Co., Buffalo, T rustee.
O lean S t R y 1st ex ten m tgel 1901 5 g F A
122,000 Aug 1 1931
$130,000 ($1,000) gold. )I n t. a t F id elity T ru st Co., Buffalo, T ru stee.
(C annot be c a lle d )---------c*j Sinking fund of $2,000 com m enced In 1905.
B o n d s .— Of th e $5,000,000 new bonds, $326,000 are reserved for prior
liens. Are su b ject to call on o r before J a n . 1 1912 a t 105 a n d Interest; th e re
a fte r a t 110 and Interest.
Sinking fund on Olean S tree t R y . 1st m tge. of 1899 becam e o p erativ e In
N o v .1901,$4,000 being paid a n n u ally : $21,000 had been paid to Sept. 15
1909. Bonds c an n o t be called. A sinking fund on th e 1st m tge. extension
bonds becam e operativ e Aug. 1 1903; $8,000 had been paid Into th e fund
Sept. 15 1909. In a d d itio n .th e Shlnglchouse R R ., w hose sto ck Is ow ned,
has $58,000 5% bonds due In 1933
E A R N IN G S .— F o r y ear ending Ju n e 30 1909, gross (Including $18,713
o th e r Incom e), $363,153; n e t, $218,070.
R O A D .— O perates a b o u t 98 miles of tra c k In Olean and B radford and b e
tw een those points, a n d lines to Lewis R un, P ortvllle, A llegheny, B olivar
and Ceres, w here connection Is m ade w ith th e Shlnglehouse R R . In a d d i
tion o perates an extension of 15 miles to Salam anca, which was com pleted
during 1907. Line from S alam anca to L ittle Valley com pleted In O ct. 1908.
O F F IC E R S .— P re s ., W . It. Page, O lean; V .-P. and T rea s., Jos. B
M ayer, New Y ork; Sec., Jo s. L. P ag e. O lean.— V. 83, p. 1292; V. 84, p . 1429
OMAHA, NEB.
OMAHA & COUNCIL BLUFFS SI REET RY.— A trolley road.
O R G A N IZ A T IO N .— In co rp o rated In N ebraska. Owns lines form erly
o perated by O m aha S treet R y. Co.; leases th e O m aha & Council Bluffs R y .
& Bridge Co. In Council Bluffs, la ., u n til 1947, to g eth er w ith Its bridge over
Missouri R iv er, re n ta l being $60,000 p er an n u m . In ad d itio n to all fixed
charo-cs.
S t r i k e .— In S ep t. 1909 becam e Involved in a strik e w ith Its m en, a nd
tra ffic was tied up for some tim e.
in te r e s t.
O u ts ta n d in g .
M a tu r ity .
STOCK AND BO ND S—
D a te .
_______
$5,000,000 Ju ly ’00, 2%
Common $10 ,000,000 ($100)..............
Pref 5 % cum from J a n 1 19041 ____
5 Q-J
4;000.000 O c t.'0 0 ,l} £ %
$5,000,000 ($100)............
O m aha S t R y 1st consol m tgel 1880
___
5 g M-N
2.500.000 May 1 1914
I n t e r e s t a t Farm ers’ Loan & T r. Co., N . Y.
1902
5 g J -J
'>,533,000 J a n 1 1928
In te re st a t M orton T ru st Co., New Y ork,
no sinking fu n d ________ c*J T rustee.
S t o c k a n d B o n d s . — $5,000,000 com m on and $1,000,000 preferred stock
are set aside for ad d itio n s and Im provem ents. Of th e new $10,000,000
m ortgage, $2,500,000 Is reserved to retire a like am o u n t of O m aha S tree t
R y. bonds. R em ain d er reserved for extensions and Im provem ents a t 85 %
of cost. T he $10,000,000 consol, bonds arc fu rth er secured by deposit of
$915,000 of the Oin. & Coun. Bl. R y. & Br. 1st cons. 5s. V. 79, p. 2086.
D i v i d e n d s . — F irst dividend on pref. sto ck , 1 a % , was paid A p r. 1 1904,
and sam e a m o u n t q u a rte rly to and Including O ct. 1909. On co m .. 1st d lv ,
2 % . paid Ju ly 1907, and 2 % paid J a n . and Ju n e 1908: in 1909, J a n ., 2% ;
J u ly , 2% .
R E P O R T .— Earnings for cal. y ear 1908, gross, $2,301,411; n e t (after
ta x e s), $921,729: o tn er Income, $2,751; in terest an d ren tals, $501,637;
dividends, $400,000; surplus, $22,843.
R O A D .— Owns 111 miles of tra c k , being all th e stre et railw ays In O m aha
and S outh O m aha. H o ren cc, Benson and D undee, N eb. Also, by lease or
stock co n tro l, receives th e earnings of all stre et railw ays In Council Bluffs.
Ia . (28 m iles), Including th e O m aha & Council Bluffs bridge, m aking a
to ta l operated or controlled 140 miles.
O F F IC E R S .— P res.. G. W . W attles; V .-P ., F ran k T . H am ilto n ; Sec.,
R . A. Leussler: Treas. and Gen. M gr., W. A. S m ith .— V. 86, p . 169.
(1) Omaha & Council Bluffs Railway & Bridge.—
O R G A N IZ A T IO N .— In co rp o rated In Iow a. An electric ro ad . Is leased
to th e O m aha & Council Bluffs S treet R y. F o r term s of lease, see s ta te m e n t
of th e la tte r above. Owns en tire cap ital sto ck of th e O m aha Council Bluffs
& S ubu rb an R y . and th e Lake M anawa & M an h attan Beach R y .
The
$600,000 m ortgage of th e form er com pany, m ade to th e R oyal T ru st C o.
of Chicago an d A lbert E . Jo hnson, as tru stees. Is all held by th e R y . &
B ridge Co. Lake M anaw a & M an h attan Beach has no funded d e b t. • •
STOCK AN D B O N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $1,500,000 ($ 10 0 ) . . . ........
..............
$1,500,000 - ............ ......
P ref 4 % cum from Feb 1 19071 ____
F-A
1,500,000 In 1909.4%
$1,500,000 ($100).................J
1st m tge (see below) gold) 1888
6 g J-J
400,000 J a n 11910
($1,000) sink fund $500,-[S ubject to call a t 110 in 1899.
000 ----------------------------- c*J In t. a t M ercantile T ru st Co., N . Y ., T rustee.
1st consol m tge $2,000,0001 1902
5 J-J
See te x t J a n 1 1928
($ 1 ,0 0 0 )---------------------- c * JIn te re s t a t C entral T ru st C o.. N . Y .. T rustee.
B o n d s . — Of th e new 1st consolidated m ortgage for $2,000,000, $966,000
are deposited as p a rt security for th e bonds of th e O m aha & Council Bluffs
R y -. $650,000 a rc reserved for prior liens and $384,000 for Im provem ents.
I ne lirst mtg<*. 6s m atured J a n . 1 1908 b u t were extended for 2 years a t
In terest. The $100,000 unissued are deposited as security for
th e O. & C. B. R y. & Bridge consol. 5s, as also are $600,000 bonds of the
O m aha Council Biuffs & Suburban R y . The sinking fu n d on th e first 6s
was $20,000 yearly till J a n . 1 1899 and th e re a fte r $30,000.
_ R O A D .—Comprises 28 miles of tra c k , Including the trackage of the
O m aha Council Bluffs & Suburban R y. a nd th e Lake M anaw a & M an h atta
Beach R y .. em bracing the entire s tre et railw ays of Council Bluffs. Als
owns bridge betw een O m aha and Council Bluffs over th e Missouri R iver.
O F F IC E R S .— P res., J . H . M illard; V .-P ., Geo. F . W right; S ec.. C. T.
S tew art; T rea s., E . E . H a rt.— V . 77. p. 37.
NEBRASKA TRACTION & POWER CO.
O R G A N IZ A T IO N .— In c o rp o rate d In N ebraska S e p t. 26 1908.
STO CK S AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
S tock, com . $500,000 ($ 1 0 0 )...................................
$157,800
.................
S to c k ,p f,$ l,500, 000 ($ 10 0 )n .-c ..................
5% 100,000
.................
lst. ^ ge- A 1.’3^ ’000 <*10 0 ,1 1908 6 g A & 015
125,000 O ct 15 1933
$500 and $1,000) g -----------/M idland G uarantee & T ru st Co., tru stee.
B o n d s . — Bonds are su b jec t to call a t 105 on or a fte r O ct. 15 1918 and
r,?v<V.a s ? c
°* *rom 2 to 4% of earnings. In te re s t Is payable a t
the O m aha N ational B ank.
_ R O A D . F irst division of road 7 miles Is com pleted and connects O m aha
SA
Ral s t on a nd P apllllon. O ther extensions contem plated.
O F F IC E R S .— P res.. Mel. Uhl; V .-P ., C. M. W ilhelm: Sec., J . F .
E m m ett; T reas., F . A. H ow ard; Gen. M gr., W . D Crist
UJN£jUJNT A , N . Y .
ONEONTA & MOHAWK VALLEY RAILROAD CO.— A trolley road.
R e o r g a n i z e d .— In Aug. 1909 receivership was te rm in a te d , a nd com pany
w as reorganized under title of Otsego & H erkim er R R . Old nam e how
ever, still to be used as a dvertising nam e of road. V. 89, p. 411.
O R G A N IZ A T IO N .— Incorporated in New Y ork on M ay 8 1906 and Is
successor a t foreclosure to th e O neonta C ooperstow n & Richfield Springs R y.
STOCK AND B O N D S.— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1, 800,000 ($ 10 0 ) ..............................................
$ 1 ,800,000 ____
1st M $1,800,000 ($1,000)/ 1906
See te x t
1,300.000 Ju ly 119 4 6
gold-----------------------------c ’ lColonlal T ru st Co., New Y ork, T rustee.
B o n d s .— Bonds b e ar 3% Int. th e first three years, 4% th e n e x t two years
and 5% th ereafter. In t. Is payable In gold, J.& J . Subject to call a t 105.
E A R N IN G S .— F or y ear ending Ju n e 30 1908, gross, $190,043; n e t,
$11,037; fixed charges, $39,000; deficit, $27,963.
R O A D .— Owns and o perates 67.04 miles of tra c k betw een O neonta,
Cooperstow n, Richfield Springs and M ohawk, a t w hich la tte r p oint It con
nects w ith the U tica & Mohawk Valley R y. for U tica, 13 m iles. T o tal
o p e ra te d , 80.04 miles. R alls, 60 to 90 lbs.; 39 cars.
O F F IC E R S .— P res., W . B. Reed; V .-P ., H e rb e rt T . Jennings: T reas.,'
L . M. W ilson, all of New Y ork; Gen. M gr., J . K . C hoate, H artw lck, N .Y .
OSSINING, N. Y.
WESTCHESTER TRACTION.—A trolley road.
March 13 1908 E dw ard G. Benedict was appointed
receiver In a su it brought by In d u strial C onstructing Co. of D elaw are to
recover $32,050. See V. 86, p. 670. Judge H olt on S ept. 15 1909 a u th o r
ized sale of road. V. 89, p. 722.
O R G A N IZA TIO N .— This com pany, a m erger on Feb. 17 1902,absorbed
the Ossining Electric R y ., which was c h arte re d J u n e 7 1903.
STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $1,500,000 ($ 100 ) ...........................................
$300,000
.
1st m tge, $1,500,000, goldl 1902
5 g A-O
See te x t. A pr l 'l 9 3 2
($ 1 ,0 0 0 )......................... c& r/N ew York T ru st Co., New Y ork, T ru ste e .
B o n d s .— Of th e 1st m tge. bonds. $138,000 arc In hands of public. $462,000
arc held by th e C onstruction Co. and $900,000 are reserved for extensions.
R O A D .— Owns a b o u t 3 m iles of road and pow er house In O ssining.
50 miles In all proposed to various places In th e cou n ty .
O F F IC E R S .—P res., A. R. Law. New York; V .-P ., Thos. R . H eller
Sec. & T reas., C. E . L e n t, N . Y .— V. 76, p. 867: V . 86, p . 670; V. 89, p . 722
HUDSON RIVER & EASTERN TRACTION CO.
O R G A N IZ A T IO N .— Incorporated In New York on F eb. 15 1906. P ro
poses to build a line from New York C entral S tation In Ossining through
O ssining and Briarcllff Manor to P leasantvllle and Sherm an P a rk , 9 miles.
2 IS miles In O ssining arc In operation.
STOCK AND B O N D S.—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $400,000 _____________ ____________
$84 HOP
1st m ortgage $1,000,000 go ld / 1907
5 j F-A
75’000 Fe"b 'l” l957
,
($1.000) ..................... . .c & r / I n t . a t T ru st Co. of America, N . Y ., T rustee
B o n d s .— Are subject to call on or a fte r Feb. 1 1912 on an y Int. day a t 105
a nd Int.
•
O F F IC E R S .— P res., L. B. G ra n t, New Y ork; Sec., J . A. B yrne, 3 S outh
W illiam S t., New Y ork; T rea s., W . L. S tra tto n , O ssining, N . Y .
R e c e i v e r s h i p .— On
OTTAWA, ILL.
WESTERN RAILWAYS & LIGHT CO.
C ontrolled by sam e Interests th a t control the Illinois T raction Co.
O R G A N IZ A T IO N .— In co rp o rated M arch 1907 In M aine, a nd owns all th e
capital stock of the following:
Illinois Valley Railw ay Co.
[G alesburg R ailw ay & L ight Co.
Chicago O ttaw a & Peoria Ry. Co
Q uincy Horse R y. & C arrying Co.
Citizens R y. of La Salle and Peru
| W ichita R R . & L ight Co.
C entral Ltg. Co. of La Salle & Peru.
STO CK —
O u ts ta n d in g .
D iv id e n d s .
Com m on, $4,000,000 ($100)___________ ______ $3 890 000
P ref., $1.750,000 ($ 1 0 0 )....................... ................... 1,700,000
II-IIIII”
E A R N IN G S .— Of controlled com panies for calendar y ear 1908, gross.
$1,094,570; n e t (after taxes), $466,904; In 1907, gross, $1,002,595; n e t (after
taxes), $458,982.
O F F IC E R S .— P res., W . B. M cKinley; T reas., E . W oodm an; S ec., J . B.
M acaulay; C om p., E. W . H endershot; Gen. M gr., H . E . C hubbuck.—
V. 87, p. 814.
’
(1) Illinois Valley R y.—Trolley.
O R G A N IZA TIO N .— w a s form erly know n as th e Illinois Valley T r a c t i o n
C om pany, bu t was succeeded by the Illinois Valley R a i l w a y C om pany, a
new corporation. In 1904. The la tte r Is organized under th e steam ra ilro a d
law , and has power of condem ning property for right of w ay. On May 1
1903 the Illinois Valley T raction had acquired the O ttaw a Marseilles &
Morris R iver R y.
STOCK AND BO ND S— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $100,000 ($100)...............................................
$100,000
1st m tge. $2,000,000. gold! 1905
5 g M-S
1,500,000 Sept 1 1935
($500 and $1.000).............. c /I n t. a t P ortland (Me.) T ru st Co.. T ru stee.
B o n d s .— Bonds have a s i n k i n g f u n d of 1 IS % p e r annum of am ount o u t
standing. Are subject to call for s. f. a fte r M arch 1 1906 a t 105; for o th e r
purposes a fte r March 1 1910.
R O A D .— In operation La Salle to L add, 11.9 miles; In La Salle C ity, 4.3
m .; Marseilles to U tica, 16.72 m .; connecting link betw een U tica and L a
Salle, 4.24 m .. Is com pleted: also line from Marseilles to Seneca, 5 JS miles;
also line from Spring Valley via De Pue and B ureau, to P rinceton, 18 IS m .;
to ta l 61.16 miles. O perates 20 ln te ru rb an cars.
O F F IC E R S .— P res., W . B. M cKinley, C ham paign, 111.; V .-P ., Geo. P .
D uncan, P o rtla n d , Me.; Sec. and T reas., Edw ard W oodm an, P o rtla n d . Mo.
— V . 76, p. 1192.
(2) G alesburg Railw ay & L ight
O R G A N IZ A T IO N .— Incorporated In M aine In 1904, a nd Is a consolida
tion of th e G alesburg E lectric M otor & Pow er Co. an d th e Galesburg Gaa
& E lectric L ight Co. F r a n c h i s e s expire In 1920.
^
n. k t ,
STOCK A N D BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1,500,000 (3100).................................................. *1,000,000 ........................
Now mortgage *1,500,000/ 1004
5 g J-J
762,000 July 1 1934
gold (*1,000)___________ c l l n t . a t P o rtla n d T r. Co., P o rtla n d , M e.,T rus.
G alesburg Gas & Elec L t first/ 1890
5 g A-O
350,000 A pril 1 1919
m tg e *350,000 (* 1 ,0 0 0 ).. c l l n t . a t P o rtla n d T r. C o., P o rtla n d , M e.,T rus
G alesburg E 1 1 4 P m o rtg ag e/ 1902 5 cur M-S
171,000 S ept. 1 1912
*205,000 gold (*1,0 0 0 ).- c * lI n t. a t F irst N a t. B an k , G alesburg, T rustee.
B o n d s . — T he new *1,500,000 Issue Is su b ject to call on an y Interest d ate
a t 105 a n d In terest: no sinking fund: *521,000 are reserved for th e prior
liens an d *217,000 for extensions an d Im provem ents. L. F . VVertman,
P res. F irst N ational B ank, G alesburg, Is tru ste e of th e G alesburg Electrlo
M otor & Pow er Co. bonds. Can be called 3 years a fte r d a te a t 103
R O A D .— Owns 20 miles of tra c k laid w ith 60-lb. T rails In G alesburg, 111.,
e x ten d in g also to E a st G alesburg and K noxville; also th re e extensions aggre
g a ting 4 miles, b u ilt and p u t In operation In 1900. O perates 42 cars. H as
b u ilt a new pow er-house to generate c u rre n t for b o th th e stre e t railw ay a nd
electric-light p la n t, an d will also do steam h eatin g . See V . 78, p. 2384.
O F F IC E R S .— P res., Geo. F. D uncan: Sec. a n d T re a s., E d w ard W ood
m a n , P o rtla n d . Me.; M gr., H . E . C hu b b u ck , L a Salle.— V . 78, p . 2384.
(3) Quincy Horse Railway & Carrying Co.—
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock , *600,000 (*100)................................................
F irst m ortgage ($500 e a c h ). . I 1890
5 A-O
140,000 O ct. 1 1910
( E . J . P a rk e r, J . F . C a rro tt. Q uincy, IU .,T rus.
F irst consolidated m o rtg ag e,/ 1898
5 g A-O
410,000 O ct. 11918
*550,000, g o ld _________ c * \I n t. a t P o rtla n d T r. Co., P o rtla n d , M e., Trus.
I n t e r e s t on first m ortgage p ay ab le a t Q uincy (111.) T ru st Co.
Of th e 5s of 1898, $140,000 will be used to retire th e first 5s.
R O A D .— O perates 17.4 m iles of tra c k .
_
„
O F F IC E R S .— P res., Geo. F . D uncan, P o rtla n d , Me.; Sec., W . B.
M cK inley. C ham paign, 111.: T rea s., W . H . C arnahan; Gen. M gr., H . E .
C hubb u ck .— V. 67, p. 372, 737.
(4) W ichita R ailroad & L ig h t.— Trolley.
O R G A N IZ A T IO N .— C hartered May 1 1900 for 30 years. F r a n c h i s e e x
pires 1933. Owns a street-lig h tin g p la n t a n d has c o n tra c t for c ity lighting.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
*300,000 .............. ..
S tock , *300,000 ( $ 1 0 0 ) .. ..........................................
F irst m ortgage, *300,000/ 1900
5 g A-O
300 000 A pril 1920
(*1 000 ) g o ld ___________ c l l n t . a t P o rtla n d T r. Co., P o rtla n d , M e.. T rus.
B o n d s . — Bonds are su b ject to call a t 105 on 6 m o n th s notice.
R O A D .— Owns 23/5 miles of trolley tra c k In W ich ita, K ansas, Including
new d o u b le -trac k bridge, over th e A rkansas R iver, an d extensions to
W onderland P ark a n d F air G rounds.
O F F IC E R S .— P res., W . B. M cK inley, C ham paign, 111.; Gen. M gr., H .
E . C hubbuck; Sec. an d T reas., Edw . W oodm an, P o rtla n d , Me.; S u p t.,
W . R . M orrison, W ichita.
(5) Chicago O ttaw a & Peoria R ailw ay Co.—
O perates betw een P rin ceto n an d Seneca, 111., 58 m iles, an d Is com m encing
w ork on a 16-mile b ran ch from O ttaw a to S tre a to r, 111., connecting w ith
m ain line a t O tta w a, a n d 12 miles from Seneca to Morris. Stock all
owned by W estern tty s. & L ight Co. B onds, $5,000,000 (5 % ), of which
*1,400,000 are o u tsta n d in g . C entral T ru st Co. of Illinois, tru stee. T hey
a re d a te d 1907, due D ec.l 1937; d enom ination *1,000; g u a ra n te ed , principal
a n d n te rc st, by W estern R y s. & L ig h t Co.— V. 87, p . 812.
NORTHERN IL LIN O IS LIG HT & TRACTION CO.— A tro lley ro a d .
O R G A N IZ A T IO N .— In co rp o rated in Illinois a n d Is successor In J u ly 1903
o th e O ttaw a R ailw ay, L ight & Pow er Co., sold u n d er foreclosure. F r a n ^ Mse p erp etu al f<K lighting a n d u n til M arch 1924 for railw ay . H as c o n tra c t
o r c ity lig h tin g .
■
STOCK AND BO ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $250,000 ($100)------- - - - - ------% « « ’nnn T n lv T iB 2 3
i n ! r o K t . u i 2o 06?oo; . g. ° ; « ) . r 3 t * u &
0o
«
tt.
B o n d s — No sinking fund a n d bonds can n o t be called.
E A R N IN G S .— F o r 12 m o n th s ending Dec. 31 1908, gross, $74,292; n e t,
*36,171. In 1907, gross, *66,420; n e t, *31,016; In terest, *13,2o0.
ROAD AND P L A N T .— O perates 7.5 miles of line, covering th e p rin
cipal streets of O ttaw a, a n d also runs o u t of th e c ity to Ellis P a rk , a pleasure
resort on th e Illinois R iver. Also has en ten s ons from O tta w a to C h a u ta u
q ua P a rk . E q u ip m en t, l i m o to r a n d 7 tra il cars. Has both steam and
w ater-pow er p lan ts for generating pow er, which can be operated In d e
pendently If necessary. Is supplying 164 enclosed arc lights u n d e r c ity
c o n tra c t an d 154 for com m ercial lighting. Also 22,245 incandescent lights,
561/5 h. p . In m otors an d one 200-k. w. an d one 300-k. w. a lte rn a to r and
one 500-lc. w . tu rb in e for s tre e t lighting.
O F F IC E R S .— P res., E . W . Rollins, B oston; V .-P ., G. H . T aylor: Sec.
a nd T rea s., J . S. Plshon; Gen. M gr., Louis W . H ess.— V . 82, p . 1041.
t
STOCK A N D B O N D S—
D a te .
I n erest
O u ts ta n d in g .
M a tu r ity .
S tock, *150,000 ($100)................................................
*150,000 .................
1st m o rt., *120.000. goldl -----5 g J -J
120,000
1924
(* 1 ,0 0 0 )-........................... o . l F idelity T ru st Co., P hiladelphia, T ru ste e .
E A R N IN G S .—C alendar y ear 1907. gross, *44,000; In 1906, *42,000.
R O A D .— O perates a 5 mile road betw een Owosso an d C orunna; also doe*
electric-lighting business a nd has c o n tra c t w ith th e c ity of Owosso for lig h t
ing until A ugust 1909.
O F F IC E R S .— P re s ., G. H . S tephenson, P h lla.; Sec. & T re a s., J . Tracey
E ustls, B oston; S u p t., Law rence M anning, Owosso.
PADUCAH, KY.
PADUCAH TRACTION & LIGHT CO.
O R G A N IZ A T IO N .— Inco rp o rated In Maine on N ov. 17 1905 an d own*
all th e securities of th e P ad u cah T rac. Co. a nd P aducah L t. & Pow er C«.
Besides s tre et railw ay business, does th e en tire com m ercial electric lighting,
fas a nd steam heating business of th e c ity . S tree t railw ay a n d electrlo
Ightlng franchises expire In 1924, steam heating franchises In 1922 a n d ga*
franchise Is p erpetual.
STOCK AN D BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
C om m on, *1,000,000 (* 1 0 0 ).....................................
*1,000,000 ......................
J-D
600,000 J u n e ’07, 1 %
P ref., 5 % . *1,000,000 (*100)1 ____
Coll. tr . m tg ., *2.000,000,V 1905 5 g M-N
830,000 N ov. 1 1935
gold_____________________ J In t. a t S ta te S t. T ru st Co., B oston. T ru ste e .
P a d . S t. R y m o rt., s. f .......... / 1890
6 g J-J
100,000 Ju ly 1192#
\ C ol.F inance & T ru st Co., Loulsv., Trustee.
P a d . S t. R y . m o r tg a g e ............ 1893
6
100,000
1923
Pcop. L ’t Pow er & R y. m o r t ..
1898 6
100,000
1917
P ad u cah C ity R y . M ., *1,000-1
1902 5 g J - J
243,000 Ju ly 1 1932
000, g., (*500-*l, 000 ) , c * / l n t . a t N . Y . T ru st Co., N . Y ., T ru stee.
N otes payable J u ly 31 1909------- -------- --------------111,500 -------------- S t o c k a n d B o n d s . — Of th e $2,000,000 new bonds, *543,000 are reserved
to retire prior liens a nd *627,000 for fu tu re Im provem ents. S u b je c t to call
as a whole a t 105 a nd In terest. A s i n k i n g ) u n d . If earn ed , of 1 % p e r a n n u m
of o u tsta n d in g bonds com m enced N ov. 1 1906, a nd becom es obligatoryN ov.
1 1911. Preferred stock Is redeem able a t 110; Is non-cum ulatlve u n til D ec.
1 1907; th e re a fte r Is cum ulative. Of *600,000 pref. stock o u tsta n d in g ,
*100.000 are In treasu ry of com pany.
D i v i d e n d s . — F irst dlv. on pref. stock, 1% , was paid Dec. 1 1906, and
1% was paid again on Ju n e 1 1907. None since to N ov 1909.
E A R N IN G S .— Of com bined com panies for calendar y ear 1908: Gross,
*226,614; n e t, *93,220; Int. a nd tax es, $81,350; sink, fund (underlying
bonds), *1,200; surplus, *10,670,
„
, ,
R O A D .— O perates 17.67 miles of track; 35 to 60-lb. rail; s ta n d a rd gauge;
^ O F F I C E R S .— P res., F rederick S. P r a tt: V .-P ., Joseph L. F ried m an ,
P a d u c ah , a nd D w ight P . R obinson, B oston; Sec., ’ lvah K . T odd; T rea s.,
H enry B. Saw yer: Gen. Mgrs, Stone & W ebster, B o sto n .— V .8 1 ,p . 1175,
1610; V. 83, p. 1229.
________ _ _______
P A R K E R S B U R G , W. V A .
PA R K ER SB U R G M ARIETTA & IN TERU RBA N RY — A trolley ro a d .
O R G A N IZ A T IO N .— Consolidation of the P ark ersb u rg & In te ru rb a n R y ..
the P arkersburg Gas, Elec. L t. & S t. R y . Co. nnd th e M arietta E lec. Co.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, *440,000..............................................................
-----1st m ortgage, g o l d _ _____ _ 1898
_
5
150.000
1938
Consol, m tge - ............................ 1902
..............
450.000
1942
E A R N IN G S .— F or y e ar ending April 30 1905, gross, *201,498.
R O A D .— O perates 41 miles of tra c k , Including an extension of 12 m iles
to M arietta. Uses bridge of th e Ohio R iver Bridge & Ferry Co. betw een
M arietta, Ohio, and W llllam stow n, W . Va. See V. 77, p 1747. C ertain
extensions are under consideration.
O F F IC E R S .— P res., C. H . S h a ttu c k .— V . 77, p . 1747.
PATCH OGUE, LONG IS L A N D , N . Y .
SOUTH SHORE TRACTION.—A trolley road.
The sam e Interests controls H udson & Long Island T r a c t., w hich w as
ncorporated In N. Y. on March 31 1908 w ith 550.000 capital sto ck , to
build a line from 12th Ave. & 42d S t., N . Y ., to Q ueensboro Bridge.
O R G A N IZ A T IO N .— C hartered in N e w York March 3 1903 to bull*
from the G reater New York line near the B elm ont race tra c k , H em pstead,
via R ockville C entre, A m ltyvllle. B abylon, P atchogue, B rookhaven,
a nd Interm ediate places, to the C arm an R iver In SulTolk C ounty, a b o u t
51 miles. V. 87, p. 546. In Sept. 1907 announced a plan for extending
the line to Long Island C ity and via Q ueensboro Bridge to N ew Y ork.
All franchises for line betw een H em pstead and C arm an R iver have, w ith
one exception, been acquired, a nd a b o u t 10 miles of track laid.
On May 8 1909 perm ission was g ra n te d by the B oard of E stim ate t»
ex ten d the line from the New Y ork C ity line, so utherly a nd w esterly th ro u g h
Jam aica to and across the Q ueensboro Bridge (V. 88, p. 1198), b u t on Ju n e 8
1909 Public Service Comm, disapproved the franchise. V. 88, p. 1501. Om
OTTUMW A, IO W A.
Ju ly 10 1909, how ever, the A ppellate Division of the Suprem e C ourt d i
rected the Public Service Comm, to approve th e franchise. See V. 88,p .1501.
OTTUMW A R A ILW A Y & LIGHT C O — Trolley.
P ublic Service Comm, has appealed to th e C ourt of A ppeals.
O R G A N IZ A T IO N .— In co rp o rated In D elaw are In D ec. 1905 as sue
In April 1907 control of the Cross Island T rac t. Co was acquired, w hich
cessor to th e O ttu m w a T rac tio n & L ight Co. T h e la tte r s franchises for
to
from Patchogue to P
,, .
s tre e t railw ay , electric lig h tin g a n d steam -h eatin g p la n ts were extended Is In extend 1908 differences w ith o rte Jefferson.T ractio n Co. were a d ju sted.
Nov
th Suffolk
by m unicipal election on Ju ly 8 1901 for 25 years from May 23 1901.
and the S outh Shore T raction Co. agreed to confine Itself to the so u th shore
STOCK AND BO ND S—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity
In IsllD as fa r as Sayville, and the Suffolk T ractio n Co. to the te rrito ry from
C om ., *1,000,000 ($ 1 0 0 ).............................. - A - ; - 51,2 n n n n n r w i ‘ **nV 7 M
Sayville east to B rookhaven a nd across th e island from P atchogue to P o rt
Prof S500 000 ($ 1 0 0 )_______ _____
Q -J
500,000 O ct 15 09,1 %
1st :and ref. m tg “ Y m OO.-I 1906
5 g J-J
8 10,000 J a n .l 1924
STOCK A N D ^ O N D S —
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
000
gold (*1,000). - -C*} In t. a t C en tral T ru st C o.. C hicago. T rustee
*2.000.000 ($100)
--------*600.000 ............
O tt. T r A L t 1st M.. *500,-1 1901
5 g A-O
329,000 O ct 1 1921 Stock, ortgage $2,500,000,. . . .\ - - 1st m
g 1007
5 g J -J
100,000
1967
000 ($1,000) gold, s f c ’ / I n t a t U .S . M ort. & T r. Co.. N . Y ., T ru ste e
Si 000
..........- ...........c * /In t. a t Em pire T ru st Co., N. Y . T ru ste e .
B o n d s . — Of th e au th o rized Issue of *1,500,000, *329,000 are reserved
B onds.— Subject to call by tru stee J u ly 1 1927. by com pany J u ly 1 1032,
to retire p rio r liens a n d *331,000 are reserved for extensions and b e tte r
m en ts
T h e new bonds are su b jec t to call a fte r J a n . 1 1909 a t 103 and
Vf I
s !—*Pres.\ Jas.
., Paul T .
In te re st. A s i n k i n g f u n d of 1 % per a n n u m of bonds o u t com m ences Ju ly 1 ^ oH umc 'e R reas.. F . D K T . W ood; V .-PNew Y ork. B rady; Sec., A rth u r
e T
of
New York office.
1909. T he O ttu m w a T ractio n & L ight Co. bonds can be called a fte r O ct. 1 C es Bldg. V. 79, p . 2698;llburn; afl 546; V. 88, p. 1198; V. 89, p. 226.
Tim
V. 87. p .
1911 a t 105 and In terest a n d each y e ar th e re a fte r a t /5 % less u n til p a r Is
reach ed . Bonds n u m bered 1 to 20 m ay be redeem ed a t 105 a n d Int. afte r
O R ^AN */z A T [Od is i n c o r p o r a t e d In New Y ork, u n d e r th e b usi
O ct 1 1907
V. 74, p. 95. S i n k i n g f u n d on th ese bonds of $5,000
an n u ally Is o p erativ e from 1907 to 1909 and *8,000 an n u ally from ness corporation law, as a com bined railroad and real e sta te cntcr19R) to 1920. P ro p o rtio n a te sinking fund Is provided for th e *160.000 Srise. Has m ade a c o n tra c t w ith th e Suffolk T ra c t on C om pany, all
of whose 51 200,000 stock (except shares qualifying directors) Is ow ned
reserved bonds as th e y arc Issued.
E A R N IN G S — For y ear ending Dec. 31 1908, gross, $221,211; net, bv the Suffolk S yndicate, to c o n stru ct the tractio n com p an y 's
N ecessary franchises have been procured by the trac*100 173: Charges. *58,450; su rp lu s. *41,723; In 1907, gross. *197,998: ralirrwu? of 23 miles
tfdJ c o m p a n y an d ^ 'th e construction com pany has purchased a b o u t 1 8 3 0
nCR O A D t— O p erates2lV /$ miles of tro lley ro ad In c ity of O ttu m w a , Iow a. acres of land, through or near which the tractio n road will be c o nstructed,
and has acquired In a d d ition, a b o u t 2-3 of necessary p rivate right-of-w ay
W eight of rails, 60-lb. T . S ta n d a rd gauge. Also does m unicipal, com
m erclal a n d residence electric-lighting (Including 125 m iles of P ° le l'iio , for a railroad a nd autom obile road. I t Is Intended to c o n stru ct a toll road
c arry in g 200 miles of w ire); supplies electric pow er for sta tio n a ry m otors, of a b o u t 10 miles for autom obile a n d o th er uses, connecting public high
A c., a n d operates a system of steam h e atin g , w ith 3 'A m llc s o fm a ln s .
w ays on north and south sides of Long Island.
TrneMnn C n
Thp Svnriloatp will receive 1st m tee. bonds or the su iro ik ira c tio n c o .,
O F F IC E R S .— P res., A rth u r S. H uey: Sec., J . J . O B rltn , M grs., II . M.
a t Van ono nor mile of slmrle tra c k . In p a y m e n t for the construction of the
B yllesby & Co., C hicago.— V. 82, p . 1269.
r o ad
T h e 'b o n d s t o V offered to the public will be bonds of the Suffolk
S yndicate
Stockholders w ere to vote • O ct. 1909 to Increase stock from
O W EN SBO R O , K Y .
*500 0 0 0 to *659.900 ®T n d to classify stock Into $250,000 common and
S409 900
(pref. only
repaym
and re
........................ deem able 5% D cum .^ pref. a t a n y timas toV. 89, p.ent of p rin c ip a l), of sale*
OW ENSBORO CITY R A IL R O A D — A tro lley ro ad .
at
a r
e.
779. Proceeds
O R G A N IZ A T IO N .— C hartered In 1886. F ran ch ise runs till 1936 and Of land and o th er pro p erty to be applied to redem ption of pref. stock.
gives exclusive rights to o p erate s tre et railw ay In said city . T he pref. stock
STOCK AND BONDS.
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
w as created In Feb 1907. V .8 4 ,p .3 4 0 .
_________
$173,100 --------------Stock S500.000_____________ _____
F irst m ortgage *1,200,000— / -----5% sem l-an
192,000
25 year*
STOCK AND BONDS— D a t e .
In te r e st.
, ° u **t£ n? l n a •
M a tu r ity .
r
s s
] Long Island Loan & T r. Co., tru ste e .
C om ., *75.000 (par *50)
.................................
,80,#00/in nrPn
B o n d s . — Are subject to call a t p a r a nd Interest on a ny in terest d a y .
New’’ M* ‘*20o S h f > ".]
1902
~5~g j" -j
200',000 J a 'n .'V i9 3 2
t etc also covers the entire $1,200,000 stock of the Suffolk T ractio n Co.
_ V . 88, p . 1198, 1561; V. 89. p . 779.
f f i S . N G s “- f o l t S e ' S
& \i“
0 » » .
IZ
Ju n e 27
Y ork.
M R O A bn— O r n u ' w i
of tro lley tra c k In Owensboro nnd s u b u rb ,; all O R G A Nby A T IO N .— Incorporated to con stru1906 In New road on Stock
owned
Suffolk Syndicate. Is
ct an electric
Long
56-lb. rail; 20 m o to r cars, double G. E. 800; 5 tra ile rs, 25 10-ton coal cars. Island a b o u t 23 miles In length, extending from G reat S ° u th pay- F
*
Has erected a new pow er house w ith a 200 k. w . g en erato r an d 2,300 h. p. chogue to the Sound a t P o rt Jefferson, and from th e tow n of Isllp
o a th shore to the village of B rookhaven, w ith trackage rights of a b o u t
W*O ^F THE R s!— P res., Jo h n G. Delker; Sec. an d S u p t., S. C. R ay; T reas., three additional miles In the tow n of Isllp to the village of ®ayvHie. OneC. C. W atk in s.— V. 79, p . 270; V. 84, p . 340.
half road will be owned In fee; rem ainder will be constructed on public high*
w a y s.^ F ra n c h ise s p erpetual. ^
o u ts ta n d in g .
M a tu r ity .
STOCK AND B ONDS.—
O W O S SO , M IC H .
*1,200.000
Stock *1.200,000 (*100)
OWOSSO & CORUNNA ELECTRIC CO.—
90,000 J u ly 1 19S7
F irst m ortgage * 1 . 2 0 0 . 0 0 0 . . . ( ^ 0 7 ^ J - J ^ &
O R G A N IZ A T IO N .— A conso lid atio n on M arch 14 1899 or th e Owosso &
C orunna T ra c t. Co. a n * th e C aledonia Electrlo L ight & Pow er Co.
B o n d s .— Of th e 51,200,000 first m ortgage, sufficient are reserved to de
liver to Suffolk S y n d icate, a t 530,000 per mile, In p a y m e n t for construction.
H o a d .— Is co n stru ctin g along so u th shore from Sayvlllc to Patchogue and
from P o rt Jefferson n o rth to P atch o g u e. 4 M miles com pleted.
O F F IC E R S .— P res., Thos. L. H ughes; Sec. an d T reas., Charles G. Balm a n n o .— V. 87, p . 1239.
____
PATTON, PA.
NORTHERN CAMBRIA STREET RY. CO.
O R G A N IZ A T IO N .— In co rp o rated O ct. 8 1901 In P en n sy lv an ia.
STOCK AND BO ND S.—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock 5000,000 (5 5 0 ) ................. ..................................
5420,000 .....................
1st m tgc 5000,000 (5500 and) 1905
5 g M-N
426,000
1935
$1,000) gold__________ c * /In t. a t K nickerbocker T r. Co., N. Y ., trustee
B o n d s .— Are su b ject to call 1915 a t 105.
Sinking fu n d of 3% of gross
earnings begins 1910; a fte r 1915 becomes 4% a n d 1920 5 % .
R O A D .— O perates 13 miles betw een P a tto n , B arnesboro an d Carrolltow n. S ta n d a rd gauge, 70-lb. T a n d girder rails.
„
O F F IC E R S .— P res., W. II. Dcnllnger; V .-P ., R . Peale: See., Ja s. H .
A llport: T reas., H . F . Bigler: Gen. M gr., J . L. McNeils
PEEKSKILL, N. Y.
PE EKSKILL LIGHTING & RAILROAD.
In 1909 Public Service Comm, au th o rized W estchester L ighting Co., con
trolled by C onsolidated Gas Co. of N . Y ., to purchase the entire common
stock and a blook of pref. of th e Peeksklll Lighting & H R . See W est
chester L ighting Co. V. 89, p. 108.
O R G A N IZ A T IO N .— Inco rp o rated as th e Peeksklll Lighting Co. on July
12 1900; subseq u en tly p u rchased th e Peeksklll Gas L ight Co. and Peeksklll
E lectric L ight & Pow er Co. N am e changed as above upon purchase of the
Peeksklll T ractio n on Aug. 31 1900. Comprises all th e gas, electric light,
pow er an d stre e t railw ay Interests of Peeksklll. Franchises of electric
lighting p lan ts an d railw ays arc p e rp e tu a l. Gas franchises liberal.
STOCK AND BO ND S.—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $500,000 ($100).....................
Q-.J
$500,000 May 1909,1%
P referred $150,000 6% c u m ................
0 J-D
150,000 J u n e ’0 0 ,3 %
1st m tge $750,000 ($1,000)1 1900
5 g A-O
000,000 O ct 11930
gold, sinking f u n d __ .c * J In te re st a t N. Y. T ru st Co., N. Y ., T ru ste e .
B o n d s .— Whole Issue (but no fractional p art) can be redeem ed on any
Interest d a te a t 110 and Interest a fte r O ct. 1 1905. S i n k i n g f u n d Is provided
a t th e ra te of $10 80 Der bond o u tstan d in g , beginning O ct. 1903. The
rem ain in g bonds can only be Issued for extensions, <Sec., a t 75 % of actual
cost, and only when n e t earnings of th e previous 12 m onths are equal to
a t least tw ice th e Interest on th e o u tsta n d in g bonds and th e proposed Issue.
See V. 71, p. 913.
D i v i d e n d s . — 6 % p er annum Is being paid on pref. stock.
On com m on,
in 1906, 1% ; l n l 9 0 7 ,3 H % ; in 1908, 4 % ; in 1909, J a n ., 1 %; May. 1% .
R E P O R T .—
G ross.
N e t.
I n t.& S ln k .F d . S u r p lu s .
C alendar y ear 1908..................$170,353
$78,060
$40,901
$37,159
• A fter taxes.
R O A D .— Owns a n d operates 10.36 miles of track In Peeksklll and to Lake
Mohegan and V crplanck’s P o in t, w ith b ranch to S ta te Cam p.
O F F IC E R S .— P res., F . A. S tra tto n . Mt. Vernon; V .-P ., S tu a rt W ilder,
Ossining; Sec., D r. B. W . Stillwell; T rea s., R. A. C arter; Asst. T rea s.,
H . D. Sw ain, O ssining. G eneral office, Peeksklll, N . Y .— V. 82, p. 1041;
V. 85, p. 103.
PUTNAM & WESTCHESTER TRACTION CO.
O R G A N IZ A T IO N .— In co rp o rated In New Y ork In J u ly 1906. Stock
autho rized and Issued, $75,000; p a r, $100. F irst m tg e., a u th . $200,000,
o u tsta n d in g 560,000, gold (c*), 5% J-.T, due Ju ly 1 1937; ln t. a t K nicker
bocker T ru st Co., tru ste e . S ublect to call a t 105 and ln t. a fte r J a n . 1 1912.
R oad, 3 54 miles, from Peeksklll to Oregon, P u tn a m Co. P res. & Asst.
'Treas., O. G. B ennett; V .-P ., W . L. S tra tto n ; Sec. & T reas., H . D . Sw ain.
PEN ARGYL, PA.
SLATE BELT ELECTRIC STREEI RY.—A trolley road.
C om pany Is undergoing a reorganization, p a rticu lars of which are not
y e t available.
O R G A N IZ A T IO N .—In c o rp o ta te d In P en n sy lv an ia on Feb 14 1899.
W as form erly leased to th e Lehigh Valley Traction Co., b u t lease canceled
on May 10 1904, owing to d efau lt In p a y m e n t of re n ta l. In J u ly 1908
m ade o p eratin g agreem ent w ith Lehigh V alley T ra n s it Co. for Joint oper
a tio n of line betw een B ethlehem , N azareth a n d B an g o r. Owns an d oper
ates Pen Argyl Eleo. L t. & Pow er Co.
STOCK AND B O N D S .— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $360,000 ( $ 5 0 ) ................................................
$360,000 ............ .........
1st m ortgage $360,000 gold] 1898
5 gJ D
300,000
1929
($1,000) ______
. . .c & r ]ln t. a t Lehigh V al. T r.& S .D .C o .,A lle n t., T r.
Second m ortgage ($500)___________
4 M-N
(?)
1938
B o n u s . —Are su h iect to call a rte r 5 years a t 105.
E A R N IN G S .— F o r 6 mos. ending Ju n e 30 1908, gross, $27,635; net,
55,316.
R O A D .— O perates 18 miles of tra c k from N azareth to B angor, 67-lb.
rails. 11 cars.
O F F IC E R S .—P es. f-eorve K Mosscr; Sec.. H u b e rt E R n rers; T rea s.,
W alter M. Keck; A ud., II. W . P raeto riu s; Gen. M gr., J . T . Ila m b lc to n .
PENSACOLA, FLA
PENSACOLA ELECTRIC CO.
O R G A N IZ A T IO N .— Inco rp o rated In Maine on J u ly 6 1906, a nd Is suc
cessor to th e Pensacola E lectric Term inal Co. Owns p ractically th e entire
stock and the en tire bonds of th e E scam bia C ounty Idee. L t. & Pow . Co.
Does all the stre et railw ay and electric lig h tin g o f Pensacola. R ailw ay
franchise expires In 1933; lighting franchise p erp etu al.
STOCK AND BONDS.— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $800,000 ($100)......................
$800,000
..
P ref. 5500,000(5100) 6% cum - ----J-D
300,000 Dec’07.3?4>
1st m tge $1.500.000 gold___ f 1906
5 g F-A
767,000 A ug 11931
^ In terest a t C ity T ru st Co., B oston, T ru ste e .
N otes p ayable Ju ly 31 1 9 0 9 . . ----- - - — ■--110,000 ---------------S t o c k .— The preferred stock Is redeem able a t 115.
B o n d s . — $733,000 are reserved for additions and Im provem ents a t 80%
of cost. A s i n k i n g f u n d of 1 % per annum of bonds o u tsta n d in g commiences
I)cc. 1 1907; first 5 p aym ents m ay be w aived, b u t becomes a fixed charge on
Dec. 1 1912. Bonds su b ject to call as a whole a t any tim e a t 105 a nd In
te re st, and In p a rt for sinking fund only. V. 83, p. 156.
D i v i d e n d s .— F irst d lv ., of 3 % , was paid on pref. Ju n e 1 1907 and 3% was
paid I)ee. 2 1907. In 1908 Ju n e dividend passed because of strik e on com
p a n y ’s lines. None since to Ju ly 1909.
E A R N IN G S .— For 12 m on th s end. Dec. 31 1908, gross, $209,183; n e t,
$64,312; Interest a n d tax es, $51,161; su rp ., $13,151.
R O A D .— O perates 20.39 miles of track ; s tan d a rd gauge; 50 a nd 60-lb
rail; 26 m o to r a n d 9 trail passenger cars a n d 12 o th er cars.
O F F IC E R S .— P res., Geo. J . Baldwin, Savannah; V .-P ., Charles F .
W allace and W ilbur A. C arter; Sec., Alvah K . Todd; T rea s., H enry B.
Saw yer; M anagers, Stone & W ebster, B oston, Mass. V. 83, p. 156; V. 84,
p. 1183; V. 86, p. 1345.
PEORIA, ILL.
PEORIA RAILWAY CO.— A trolley ro ad . (S e e M a p , p a g e 86).
O R G A N IZ A T IO N .— In co rp o rated u n d e r general railroad laws of Illinois
In 1906 a n d Is successor to th e C entral R ailw ay Co. Has acq u ired, owns
an d controls all stre et railw ay lines In Peoria a n d ou tly in g suburbs of
A veryvllle, Peoria H eights a n d E a st Peoria. T he en tire stock Is owned
by th e Illinois T ractio n Co. N . W . H alscv & Co., New York an d Chicago,
offered th e 1st and ref. bonds for sale. V. 89, p. 42.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000................ ....................
- ............
$1,000,000 ............ .........
C entral Iiy first m ortgage] 1895
5 g A-O
570,000 April 1 1915
$750,000 gold ($ l, 000 )- _ c * /ln t. a t New Y ork T ru st Co., N . Y ., tru stee.
F irst & ref m tge $3,600,000] 1906
5 g F-A
. 2,249,000 See te x t
■ gold (5 1 ,0 0 0 )-................. c * JIn terest pay ab le In Now York.
G eneral m o rtg a g e ---------------- 1009
— —
500,000 _ - J - - . . .
_
B o n d s .— Of th e $3,600,000 first a n d ref. bondR, $570,000 are reserved to
retire prio r Hens and $706,000 for a d d itio n s a n d Im provem ents a t 75% of
cost; $75,000 have been retired . T hey are g u a r., p. & i., by endorsem ent
by Illinois T rac. Co. This g u a ra n ty is a prior obligation to th e stock of t
111. T rac. Co. The bonds are secured by the first m tge. upon all the p ro p e r
ties an d franchises of the Peoria R y. Co., now owned or h ereafter acquired >
su b ject only to the $570,000 underlying bonds of the C entral R y. Co. T he
tru ste e Is th e Illinois T ru st & Savings B an k , Chicago, III. T he bond
e x p ire on F e b .l as follow s: $25,000 In 1908, $30,000 in 1909, $35,000 in
1910, $55,000 In 1911, $60,000 in 1912, $65,000 in 1913, $70,000 In 1914,
$75,000 In 1915, $80,000 In 1916, $85,000 in 1917, $95,000 in 1918, $100,000
in 1919, $105,000 In 1920, $110,000 In 1921, $115,000 In 1922, $120,000 In
1923, $125,000 In 1924, $130,000 In 1925, and th e rem aining $750,000 In
1926. T hey a rc su b ject to call on a n y Interest d a te a t 105 an d In terest.
See V. 83, p . 38, 436; V. 89, p. 42.
E A R N IN G S for calendar years:
1908.
1907.
1906.
Gross e arnings....................................... $593,390 54 $571,399 10 $550,624 66
O perating expenses a n d ta x e s ____ 291,194 72 277,593 09
255,659 32
N et e a r n in g s ..................................$302,195 82 $293,806 01 $294,965 34
T he gross revenue for th e la st five years;
1904.
1905.
1906
1907.
1908.
$
$
$
$
$
Gross r e v e n u e ...493,606 36 529,593 43 550,624 66 571,399 10 593,390 54
R O A D .— Owns a n d operates 50 miles of standard-gauge tra c k , 94 m oto
cars, 40 o th e r cars. Also owns valuable p ro p e rty n ear th e centre of city
a nd considerable o th e r real e sta te . Including several am u se m e n t p ark s,
e stim ate d to be w o rth $500,000.— V. 87, p. 37; V. 89, p. 42.
Y e a r e n d in g
D e c . 31—
PEORIA RA ILW A Y TER M IN A L CO.— F or s ta te m e n t of this com pany
see q u a rte rly num ber of our R ailw ay and In d u strial Section.
PETALUMA, CAL.
PETALUMA & SANTA ROSA RY.—A troUcy road.
O R G A N IZ A T IO N .— Incorporated In C alifornia on J u n e 20 1903. Stock
was held In a voting tru s t for 3 years, expiring In 1907. V. 78 p . 103.
Stockholders In 1908 paid an assessm ent of $10 a share to liq u id a te the
floating d e b t.
STOCK AND BO N D S.—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
$1,000,000
..
.
Stock $1,000,000 ($100).........................................
1st m tge $1,000,000 goldf 1904
5 g M-S
697,000 Mch 1 1924
($ 1 ,0 0 0 )---------------------- c*( In te re st a t M ercantile T ru st Co., San F ra n .,
I T rustee, or a t U . S. M tge. & T r. C o., N .Y .
2d m ortgage $250,000 gold] 1905
6 g A-O
217,000
1915
($ 1 ,0 0 0 )................................ cjM ercantile T ru st Co., San F ra n ., T ru ste e .
B o n d s .— The first m ortgage bonds have a s i n k i n g f u n d "a m p le to ta k e care
of b onds.” $302,000 are reserved for extensions a t $17,500 p e r mile and
75% of cost: $1,000 has been retired . Are subject to call a t 110.
E A R N IN G S .— F or calendar y ear 1908, gross, $192,637; n e t, $40,010
charges, $60,214; deficit, $20,204.
R O A D .— O perates 34 miles of tra c k from P etalu m a th ro u g h S ebastapol
to S a n ta R osa. Connects a t P elatu m a w ith steam ers for San F rrn c lsc o .
Owns and operates steam er “ G old.” S ta n d a rd gauge, 70-lb. T -rails.
O F F IC E R S .— P res, a nd M gr., E. M. V an F rank; V .-P ., Jo h n A. M cNear
Sec. an d T rea s., T hos. A rcher. V. 81, p. 508, 614.
PHILADELPHIA, PA.
AMERICAN RAILWAYS CO.—
O R G A N IZ A T IO N .—The A m erican R ailw ays Co. was Incorporated under
law s of New Jersey In 1900 as a consolidation of the form er A m erican R ail
w ays Co. and th e U nited S tates Electric R y. & L t. Co., w hich la tte r had
only $1,000 of o u tsta n d in g stock. In Dec. 1905 purchased a controlling
Interest In th e Scranton R y . Co., paying p a r ($50) for both com m on a nd
preferred stock. V. 81, p. 1847. The pref. stock of th e Scranton R y .
was paid for In the tru s t certificates given below (V. 81, p . 1847). V. 82,
p. 1375. In 1905 disposed of Its holdings In th e stock of th e Springfield
Light & Pow er Co., a nd In 1908-09 final liquid atio n w as consum m ated.
The $2,500,000 new Issue of collateral tru s t bonds was m ade In Ju n e 1907.
See V. 84, p. 1367.
In 1908 Blair Electric Co. w as incorporated to do a lighting business;
has been given a perpetual franchise and 10-year c o n tra c t to light tow n of
Bellewood. All stock owned by this com pany.
O f f e r f o r I n t e r - S t a t e R a i l w a y s . — C om pany offered In Feb. 1909 to Issue
a 4 H % bond In exchange for In te r-S ta te collateral 4s a t 50% of th e ir
face value. V . 88, p. 506.
STOCK AND B O N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $25,000,000 ($50)..............
6 Q-M
$5,095,1 0 0 S p tl5 ’0 9 ,1 ^
Collat T ru st $2,500,000 gold] 1901
5 g J-D
2,435,500 Dec 1 1911
_
conv ($500 & $1,000)_ c * jln t. a t P rov. Life & T r. Co., P h lla., T rustee.
5 g A-O
2 500,000 April 1 1917
Collat T ru st $2,500,000 gold] 1907
($1,000 & $ 5 0 0 ).-............c ’ j l n t . a t E quitable T r. Co., P h lla., T rustee.
Scranton R y tr ccrtfs $1,500,-1 1905
5 g M-S
1,499,000 Sept 1 1935
000 gold ($1,000) re g _____J I n t. a t New Y ork T ru st Co., N. Y ., T ru stee.
_________
250,000 __________
Bills payable Ju n e 30 1909 . . ___
B o n d s . — The collateral tru s t bonds of 1901 are redeem able a t 105 and a c
crued Interest a fte r N ov. 1 1904, and were convertible Into stock a t p a r a t
option of holder a t any tim e before th a t d a te . See V. 73, p. 1158’ V. 74, p
935. $64,500 were so converted. The collateral for th e bonds consists of
$1,050,000 stock (out of $1,100,000 Issued) of th e People’s R y . of D ayton;
$1,600,000 first consol. 5s of the Chicago & Joliet E lectric R y. and $500,000
first m tge. 6s of the Springfield (O.) R y.
The collat. tru s t Issue of 1905 Is secured by deposit of a like a m o u n t of
S cranton R y. pref. stock. They are redeem able since M arch 1 1907 a t
102 V and accrued Interest. V. 81, p. 1847.
S
T he 1007 coll, tru s t bonds arc redeem able on a ny ln t. d a te a t 102 and
In te re st. The collateral for th e bonds consists of $1,475,000 stock of th e
A ltoona & Logan Val Elec. R y .a n d $1,975,000 stock of the Scranton R y .C o .
B onds are listed on the P hlla. Stock Exchange.
C O N T R O L L E D .— T he following Is a list of th e securities ow ned by th e
A m erican R ailw ays Co. Ju n e 30 1909.
O u ts ta n d in g .
O w ned by
A . R . C o.
Book
V a lu e .
A ltoona & Logan V alley sto c k ................. $1,500,000 $1,500,000 $403,750
15,000
15,000
B lair E lectric Co. s to c k ........................
15,000
B ridgeton E lectric Co., sto c k .....................
25,000
25,000
17,270
B ridgeton & Millville (N. J .) T raction
Co. s to c k ......................................
500,000
500,000
459,364
Chicago R y s. Co. p a rtic ip a tin g certs . .I S c r . No. 3 (2,500 sh.) )
94,166
\S e r. No. 4 ( 625 sh.) 1
Dellwood P a rk Co. s to c k _______________ $150,000
$150,000 $150,000
*Du Page C onstruction Co. s to c k ..............
25,000
25,000
25.000
F ranklin R eal E s ta te Co. s to ck ________
10,000
10,000
10.000
People’s R y. of D ayton, O ., s to ck ______ 1,875,000
1,875,000 2,109,228
Scranton R ailw ay Co___ (C om m on____ 2,000,000
1.997,700 2,0 )1,225
lP referred . . . 1.500,000
1.499.250 1,499,240
500,000
Springfield. O ., R y. C o .. (F irst M. 6 s . . .
500,000
500,000
l S t o c k .............. 1,000,000
994,400
39,959
* T he Du Page C onstruction Co. owns all th e stock ($2,300,000) a nd all
th e bonds ($1,600,000) of the Chicago & Joliet E lectric R y ., an d all th e
stock ($1,100,000) and all th e bonds ($1,000,000) of th e Chicago & Desplalnes Valley E lectric R y.
T r e a s . R e p o r t f o r 12 M o s . e n d i n g J u n e 30 — R e p o r t f o r 1908-09 i n V.89 p.844.
190H-9.
1907-8.
1906-7.
1905-6.
Gross Income, all sources_______$527,114 $498,758 $527,063 $486,711
In te re s t, ta x e s, &c
.............. .. 216,385
171,645
142,504
141,482
N et Incom e_____________ ____ $310,729 $327,113
D ividends ( 6 % )_ .------- ------------- 305,706 305,706
$384,559
304,392
$345,229
251,385
S u r p lu s ............................- ............. $5,023
$21,407
$80,167
$93,844
D IV ID E N D S .— F irst dividend on A m erican R ailw ays Co. sto ck , 1 %
D ec. 1900, a nd regular q u a rte rly p aym ents since th e n , bu t ra te Increased
to 1 J4 % Dec. 1901. and then to 1 y , % Dec. 1902, which ra te has been con
tinued up to and including S ept. 1909.
C O N T R O L LE D CO M PA N IES of th e A m erican R ailw ays Co. for y ear
ending Ju n e 30 1909. The com panies controlled earned com bined gross,
$2,865,229, against $2,927,437 in 1907-08; passengers carried In 1908-09,
67,556,001"; a gainst 68,762,586 In 1907-08.
R O A D .— T otal tra c k , all properties, 323.5 miles; operates 587 c a r
Also owns 245 acres of land for parks In A ltoona, D ayton, Springfield
B rldgton a nd Joliet.
O F F IC E R S o f American Railways C o.: Pres.. J. J. Sullivan; 1st V .-P ..
W . F . Harrtty; 2d V .-P ., C. L. S. Tlngley: Sec. and Treas.. W aiter W . Per
kins; Asst. Sec., Treas. and Com p., Frank J. Pryor Jr.; Counsel, H. 13. Gill;
Gen Mgr . II J Crowley. General offices, 004 to 913 W itherspoon B ldg.,
1321 W alnut S t.. Phlla.— V . 85. p. 721, 789: V . 86, p. 1528; V . 87, p . 740,
811, 812; V . 88, p. 293, 503; V . 89, p. 720, 844.
(1) Bridgeton & Millville T raction.— Trolley.
O R G A N IZ A T IO N .— Chartered In New Jersey as successor May 3 1897
to the South Jersey Traction C o., sold In foreclosure. Company owns two
toll roads besides the trolley road. Franchise Is perpetual.
STOCK AN D BONDS—
Date.
Interest. Outstanding.
Maturity.
S tock. $500,000 ($50).................................................
5500,000
First mtge 5500,000, gold,) 1900
5 g J-J
500,000 Jan. 1 1930
guar (51,000 and 5 5 0 0 ),/Interest at Equitable Trust C o., Phlladel(cannot be called)............*cj
phla. Trustee
Bonds.— For form o f guaranty by American Railways Co. see V . 71, p.
491. The bonds were listed on the Philadelphia Stock Exchange In Feb.
1901. The following are deposited as security under the m ortgage:
1.000 shares o f the stock of the Bridgeton R apid Transit Co.
377
.......................
“
Bridgeton & Millville Turnpike Co.
5250.000 (entire Issue) 5 % gold bonds of the Bridgeton Electric Co.
R O A D .— Bridgeton to Milivdle, 11 miles; Bridgeton to Cedarvtlle, 8H
miles; Bridgeton, local, 5 34 miles; also an extension from Cedarvllle to
Port Norris, 12 V miles. T otal, 38 miles.
t
O F F IC E R S .— Pres., J. J. Sullivan; V .-P ., H . J. Crowley; Sec. and
Treas., C. L. S. Tlngley; Gen. M gr., B. F. Hires.— V . 72. p. 282.
(2) Bridgeton Electric C o.— Acquired In 1899 b y American Railways Co.
O R G A N IZA T IO N — Chartered In New Jersey Dec. 2 1 8 9 5 . Supplies
light and power In Bridgeton, Cedarvllle, N ew port, Falrton. Dividing Creek
and Port Norris, N. J. Stock, 525,000. Bonds. 5250.000 first mortgage
5 % gold bonds, 51,000 each, dated July 1 1900, due July 1 1930. Interest
J. & J. at office o f the com pany: Real Estate Title Insurance & Trust C o..
Philadelphia, Trustee. W hole Issue Is pledged with the trustee of the
mortgage o f the Bridgeton & Millville Traction. This was done so as to
bring the two properties (which are practically one) under the one m ortg o.
(3) Chicago & Desplaines Valley Electric R y —
O R G A N IZ A T IO N .— Incorporated In 1901 as a consolidation o f the Chic.
& Desplaines Valley Elec. R y . and the Desplaines Valley E lcc.J
Du Page Construction Co. owns the entire capital stock, of which 51.000,000
Is pledged under the m tge. of the Chicago & Joliet Elec. R y ., and also owns
the entire 51.000,000 bonds, the whole am ount being p l e d g e d ..............
STOCK AN D BONDS—
Date.
Interest. Outstanding. Maturity.
Stock 51 100 000____________ ______
__________ 51.100,000 ----------------First m ortgage, 51.000,000/ 1901
5 M-N
1,000,000 May l 1931
($1,000) . gold
.c * /I n t . at Illinois Tr. & Sav. B k.. Chic., Trustee
Bonds — The full Issue of the first mortgage bonds has been deposited as
collateral security under the bonds of the Chicago & Joliet Electric R y.
R O A D .— Extends from the W ill County line, where It joins the Chicago &
Joliet Electric R y ., to the city line of Chicago on A rcher A ve. T otal, 41
miles. Branch from Summit to Lyons. The through route Chicago to
Joliet was opened Sept. 25 1901.
O F F IC E R S .— Pres., J. J. Sullivan; V .-P ., H . J. Crowley; Sec. and Treas.,
C. L. S. Tlngley; Gen. Mgr., J. R . Blackhall.— V . 73, p. 183.
(■4) Chicago & Joliet Electric R y .— Trolley.
O R G A N IZ A T IO N .— Incorporated as a consolidation o f the Chicago &
Joliet R apid Transit C o., the Joliet Street R y . and the Joliet R R . Is oper
ated by power purchased from the E conom y Light & Power Co. o f Chicago.
V . 73, p. 844. The Du Page Construction Co. owns the entire outstanding
51.600.000 bonds and the entire 52,300.000 capital stock, and that com
pa n y’s entire stock Is owned In tu m b y th c A m erican R ys. Co. In N ov. 1905
the American R ys. purchased 63 acres o f land near Joliet, which was co n
v e n e d Into a park. This park Is owned by the Dcllwood Park C o., all of
whose stock Is he'd b y the American Railways Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
S tock, 52,300,000 (5100)............................... ........ ..
52.300,000 - - - - - - - - -
Chicago & Joliet Electric R y / 1901
5 g M-N
1,600,000 May 1 1931
gold, 52,000,000 (5 1,0 00 )c*/In t. at Illinois Tr. & Sav. Bk.. Chic., Trustee.
Joliet R R general mtge. gold] 1898
5 g M-N
400,000 A p r.30 1918
5400.000 (51,000 ea ch )____/P ortland (Maine) Trust C o., Trustee.
Bonds.— Ot the new 52.000,000 m ortgage, 5400,000 arc reserved to retire
underlying Hens. 52,200,000 o f the outstanding capital stock o f the Chi.
cago & Joliet Electric R y ., 51.000,000 o f the 51,100,000 stock and 51,000,
000 (entire Issue) bonds o f the Chicago & Desplaines Valley Electric R y . are
deposited under this mortgage as collateral security. Entire Issue o f the
52,000,000 gold 5s m ay be called after May 1 1902 at 105 and Interest.
R O A D .— Extends from Joliet to the W ill County line, where It connects
with the Chicago & Desplaines Valley Electric R y . for Chicago. Has 41
miles o f track. Line between Joliet and Chicago was form ally opened
Bept. 25 1901.
O F F IC E R S .— Pres., J. J. .Sullivan; V . P ., H. J. Crowley; Sec. and
T reas., C. L. S. Tlngley; Gen. M gr., J. R . Blackhall.— V . 73, p. 183, 722.
(5) People’ s Railway (D a yton ).— A trolley road.
Acquired In 1899 by the American Railways Co.
O R G A N IZ A T IO N .— Incorporated In Ohio June 18 1896. Comprises 31
miles o f track In D ayton. Ohio: operates 121 cars. The American Railways
Co. owns entire capital stock. In June 1908 outhorlzed am ount o f stock
was Increased from 51,100,000 to 52,500.000.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
51,875,000 .....................
Stock, *2,500,000 (5100)................ - ........................
First mtge “ White L ine,” ] 1895
5 g A-O
300,000 O ct. 11925
5300.000 (5500) gold, rcd/Interest at Union Savings Bank & Trust C o.,
Oct 1 1900 at 110................. J Cincinnati, Trustee.
First mortgage “ People’s R y ” ) 1897
5 g J-J
200,000 Jan. 11927
5200.000 (5500), gold, red/Interest at Union Savings Bank & Trust C o.,
after Jan. 1 1002 at 1 1 0 ...J
Cincinnati, Trustee.
O F F IC E R S .— Pres., John A . McMahon, D ayton; V .-P ., II. J. Crowley;
Philadelphia; Sec. and Treas.. C. L. S. Tlngley, Philadelphia; Asst. Sec.,
Eugene vVulchct, Dayton: Gen. Mgr., Geo. C. T ow le.— V. 86, p. 1530.
(6) Springfield (Ohio) R ailw ay.— Trolley.
O R G A N IZ A T IO N .— Incorporated In Ohio O ct. 20 1892; 9,944 shares of
the capital stock have been acquired by the American Railways C o., which
also owns the entire Issue o f first m ortgage bonds.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
-----------51,000,000 ---------------Stock (par, 5100)-------- -------- ---------6 J-J
500,000 Jan. 1 1933
First m ortgage, 5500,000, g o ld /1893
/Interest at First Nat. Bank, Springfield, O’
R O A D .— Owns 30.3 miles of track. Operates 62 cars. A 3 mile exten
sion was com pleted In 1907.
O F F IC E R S .— Pres., Oscar T . Martin; V .-P .. H. J. Crowley; Sec. and
Treas., C. L. S. Tlngley; Gen. Mgr., Geo. C. Tow le.— V . 69. d . 439.
(7) Altoona & Logan Valley Electric R y —Trolley.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania A ug. 5 1903. Owns
the entire $05,000 stock ot the Lakem ont Park Co.; also $39,000 of the $40,
000 stock o f the Home Klectrle Light & Steam Heating Co. o r T yrone. and
leases that com pany for 99 years from July 1 1903; 535,000 ot this stock Is
deposited as additional security for the consolidated m ortgage. In A ug.
1903 absorbed by consolidation the City Passenger R y . and the Tyrone Elec
tric R y . (previously ow n ed), and Increased Its capital stock from 5500,000
to 51,500,000. V . 77. p. 1745.
The American Ralways Co. owns entire stock A ltoona & Logan Valley
Electric R y .
STOCK A N D BON DS—
Date.
Interest. Outstanding. Last dlv., Ac.
Stock, 51.500,000 (550).............................................
51,500,000|ln ’07-08, 1 %
Consol mtge 54,000,000 gold) 1903 4 /S g F -A 1 5 3,300,000 Aug.15 1933
(5500 and *1,000) guar by/In terest at Equitable Trust C o., Philadelphia
American R ys C o-------- c& rj Trustee.
Bonds.— Of the new 54,000.000 mortgage b o n d s ,5700,000 are reserved
fo r extensions. These bonds are guaranteed, principal and Interest, by
endorsement b y American R ys. Co. No sink fund and not subject to call.
Dividends.— In 1896 paid 2 '4 %; In 1896-97, 2 > % ; In 1897-98, 1898-99,
A
1899-00. none; In 1900-01. 6 /4 % ; In 1901-02. 10 % ; In 1002-03, 1 0 % ; In
1903-04, 5 % % \In 1904-05, 5 .7 % ; 1905-06, 6 % ; In 1906-07, 5 % ; In 1907-08,
j
E A R N IN G S.— For year ending June 30 1908, gross, 5500,743; net,
5194,400; fixed charges, 5140,873; dividends, 526,250; surplus, *27,277.
R O A D .— Operates 49.91 miles o f track, connecting A ltoona. B ellw ood,
H ollldaysburg and Tyrone. Extensions aggregating 4 miles were built dur
ing 1907. Gauge. 5 ft. 3 In. Operates 103 cars.
O F F IC E R S .— P res.. J . J. Sullivan; V .-P ., H . J . Crowley; Sec. and
T reas., C. L. S. Tlngley; Gen. M gr., S. S. Crane.— V . 79, p . 680; V . 80,
p. 649, 710, 2456, 2619; V . 82, p. 333, 391, 803.
(8) Scranton R ailw ay.— A trolley road.
O R G A N IZ A T IO N .— On Jan. 1 1897 assumed all the assets and liabilities
o f the Scranton Traction C o., & c. V . 63, p. 1064; V . 64, p. 85.
The com pany owns all the stock of the Plttston & Scranton Street R y .
and the Lackawanna Valley Traction Co. and practically all of the stock of
the Carbondale R y . and the Scranton & Plttston Traction and the entire
stock of the Scranton & Carbondale Traction and the Ridge Turnpike Co.
(which In 1908-09 was liquidated, property having been purchased b y
Lackawanna County, P a .): also *25,000 of the *100,000 stock of the Scran
ton Dunm ore & Mooslc Lake Railroad C o., the entire Issue of the new Car
bondale R y . m ortgage (5300,000), 5113,000 of the *115,000 bonds o f the
Lackawanna Valley Traction Co. and *60,000 of the *355,500 bonds of the
Scranton & Plttston Traction Co.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
*2,000,000 .............. ..
Comm on, *4,500,000 (550)......................................
Preferred. 5 % cum ulative, fA ll but *750 o f the preferred stock has been
*1,500,000 (*5 0)__________ / retired b y the Issue o f trust certificates.
I See statement o f American R ys. Co. above.
Scran T rac 1st M. 51,000,0001 1892
6 g M-N
1,000,000 N ov. 1 1932
(51,000)
gold, no op tion ee*/Interest (x) at Am erican R ys. C o., Phlla.
Scran Pass R y 1st M (51,000). 1890 6 M-N
100,000 May 11920
People’s St R y 1st M (51,000) g 1888 6 g F -A
200,000 A ug. 1 1918
People's St R y gen m tge, go ld .
1891 6 g J-D
100,000 D ec. 1 1921
Scranton R y M, 52,590,000/ 1897 5 g J-J
1,100,000 N ov. 1 1932
gold (5 1 .0 0 0 )___________ c* /N e w York Trust C o., New York C ity, Trustee
Scranton R y gold collateral/ 1900
5 g J-J
500,000 N ov. 1 1932
trust, 5500,000 (*1 ,0 0 0 ,/P rovident Life & Trust C o., Phlla., Trustee.
5500)_______ ____________c*J Int.(x) at office In Scranton, or agency, Phlla.
x Free o f United States and Pennsylvania State taxes.
Bonds.— Of the 52,500,000 Scranton R y. m ortgage 5s o f 1897, *1,400,000
are reserved to retire prior bonds at m aturity. The collateral trust bonds
can be called at any time at 105 and Interest on 30 d ays’ notice; further
m ore, the right Is reserved to call In and exchange the bonds at any tim e
before m aturity for bonds bearing the same rate of Interest “ which m ay be
Issued by a consolidated street railway com pany controlling b y consolidation
or lease the street railway lines represented by the securities p led ged ." The
securities pledged consist of all the stock (5450,000) and the entire Issue
(5300.000) o f the Carbondale Railw ay Co. m ortgage o f 1900; also 5498,700
out of the 5500,000 stock of the Scranton & Carbondale T raction Co.;
5943,775 out o f the 5976,125 stock of the Scranton & Plttston T raction C o.;
likewise 560,000 out o f the 5355,500 bonds o f the latter.
R O A D .— Owns and operates all the street roads In and around city o f
Scranton, having an aggregate mileage as follows:
Owned—
M iles. I Lackawanna Valley T r a c tio n .. 3.94
Scranton R ailw ay____________ 41.67 Carbondale R ailw ay____________ 16.06
Leased—
Aflles.| Plttston & Scranton St. R y ------- 2.22
Scranton & P lttston___________ 12.511
--------Scranton & C arbon d ale_______ 4.94| T otal system --------------------------- 81.55
R E P O R T .— Now Included In report o f American Railways Co.
O F F IC E R S .— Pres., J. J. Sullivan; V .-P ., Henry J. Crowley; Sec. and
Treas., C. L. S. Tlngley.— V . 78, p. 49, 989; V .81, p 1850;V 8 4 ,p.1368;
V . 88, p. 1062.
(а) Carbondale R ailw ay.— A trolley road.
This Is the old Carbondale Traction C o., which was sold at foreclosure
In 1900. The Scranton Railway Co. owns *450,000 stock of the Carbondale
R y ., also the 5300,000 5% gold bonds due June 1 1926; remaining stock is
owned b y .Scranton & Carbondale Traction. R oad Is leased to Scranton
R y . In 1909 increased stock from 5450,000 to *486,000 and consolidated
with the Blakely & Dickson Traction Street R y ., form erly owned b y the
Scranton & Carbondale.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock auth, 5486,000 ( 5 5 0 ) . . . .......
..............
5486,000 .................. ..
1st M, Carbondale Traction) 1892
6 g J-J
150,000 July 1 1922
C o., c*& r, 5150,000, g o ld /Interest at Central Trust C o., New Y ork,
(5500 and 5 1 ,0 0 0 )...............J Trustee.
Carbondale R ’way, 1st mort-1 1900
5 g J-D
300,000 June 1 1926
gage, 5300,000, gold, regls-/Interest at American R ys. C o., Philadelphia.
tered ____________________ JGeo. L. Estabrook, Philadelphia, Trustee.
Bonds.— First mortgage o f Carbondale Traction, due 1922, has a sinking
fund of 52,500 per annum after July 1 1895, but bonds cannot be called.
The new bonds due 1926 have no sinking fund, but can be called at any
time at 105 and accrued Interest upon 10 days’ notice.
R O A D .— System Includes 16.06 miles of road, beginning at Forest C ity,
P a., and running through Vaudllng, RIchmondale, W ilson Creek, Sim pson,
Carbondale, Mayfield, Jcrm yn, Arehbald to Peckvlllc, where It connects
with Scranton lines.— V . 69, p. 1061; V . 70, p. 75.
(б) Scranton & Carbondale Traction.— A trolley road
O R G A N IZ A T IO N .— Chartered Feb. 23 1893. Leased to and operated
b y the Scranton Railway C o., which owns all the stock. Owns *36,000
stock of the Carbondale Railway.
STOCK A N D BONDS— Miles. Date. Interest. Outstanding.
Maturity.
*500,000 1 9 ’ 6->7, 1%
Stock ........................................................................
1st mtge, 51.000,000,) 5
1893
6 g J-J
150,000 Jan 1 1923
gold (51,000)______ c* /in te re st at American R ys. C o., Philadelphia.
Free o f State tax.
J Lackawanna T . & S. D. C o., Scranton Trustee.
Bonds for 5100,000 are reserved for power plant, If required, and 5750,000
fo r purchase o f other railroads and new property.
R O A D .— Owns road extending from Scranton to Archbald, P a., about
5 miles; connects with Carbondale Railway to Carbondale.
(c) Scranton & Pittston Traction.— A trolley road.
O R G A N IZ A T IO N .— Chartered Sept. 8 1893, and leased for 50 years to
Scranton R y . C o., which owns 5967,225 of the stock and 560,000 of the
bonds. This co. owns the entire stock of the Stark Land Co. and the Pltts
ton Suburban Pass. R y . (a consolidation of the Plttston Jenkins & Avoca
St. R y .; the old Plttston Sub. Pass. R y ., and the Lackawanna Street R y .)
STOCK AND BON DS— Miles.Date. Interest. Outstanding.
Maturity
Stock (par 5100)_________ 15 ...........................
5976,125 .....................
6 g A-O
*355.500 Oct 1 1923
Mtge *525,000, g (51.000) 15 1893
and 5500), c * , guar b y /in te re st at Union Trust, Trustee, Phlla. Nos.
Scranton Trust............J 1 to 400 SI ,000 each and Nos. 401 to 650 *500.
•Of the bonds outstanding 5295,500 are guar, by the Scranton R y .; the
remaining *60,000 are owned by the Scranton R y .
R O A D .— Owns 12 miles of track, uniting Scranton with Greenwood,
Mooslc, Taylorvillc, A voca, Plttston and Readham .
E A R N IN G S.— Earnings are now Included In Scranton R y.
(d) Piltston & Scranton Street R v .— A trolley road. Stock, *60,000,
all owned b y Scranton R y ., b y which road Is operated.
(e) Lackawanna Valley. Traction C o.— A trolley road. Stock, 5400.000;
bonds, *115,000. Operated b y Scranton R y ., which owns all the stock
and 5113,000 of the bonds. Owns the entire stock o f the Olyphant &
VVlnton Trac. St. R y ., the M t.Vernon El. St. R y . and the Olyphant Sub.
Trac. Co.
FAIRMOUNT P A R K TRANSPORTATION.
O R G A N IZ A T IO N .— A New Jersey corporation formed In 1894. Charter
perpetual: license from Park Commission runs until July 24 1939. Owns an
electric railway In Falrmount Park. From N ov. 30 to May 1 operation Is
optional. Owns VVoodsIde Park. R oad opened N ov. 1896.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, 52,000,000 (550)............................................
*2,0 0,00>
See text.
1st mortgage, gold, *500,000.) 1897
5 g M-S
500,000 Sept 1 1912
call 105 after Sept 1 1902/Glrard Trust C o., Philadelphia, Trustee.
(51 000)
_________c*JAs to bonds o f 1897 see V . 65, p. 620.
2d m ortgage,"*250,000, gold! 1900
5 g M-S
188,000 Sept 1 1912
(* 1 ,0 0 0 )....... .....................c * /I n t. at Girard Trust C o., Phlla., Trustee.
Bonds.— New 2d mtge. can be called on and after Sept. 1 1902 at 105 and
accrued Interest on 30 days’ notice.
Dividends.— First dividend paid Dec. 1 1897, 2 % . None since.
R O A D .— 8.47 miles of track In West Park and East Park; crosses Schuy kill River on a steel bridge. Ralls are 90 lbs. 10 closed, 50 open cars.
E A R N IN G S.— Year ending O ct. 31 1908. gross, 5145,543; net, *75,862;
charges, 547.540: surplus, 528,321; net profits W oodslde Park, *3,375.
O F F IC E R S .— Pres., C. E. Platt; V .-P , J. R . Jones; Sec. and Treas.,
W . C. Martin; Rlgde A v e ., Bank Building, Philadelphia.— V . 65, p. 620;
V* 70, p . 686; V . 71. p. 683: V . * 7 . p. 1605.
y
. -
NEW YORK-PHILADELPHIA CO.
Receivership.— Com pany defaulted In 1908 In paym ent of coupon. On
Feb. 21 1908 U. S. Circuit Court Judge Lannlng appointed J. Kearney Rice
o f New Brunswick receiver. Bondholders’ com m ittees have been form ed.
V . 8 6 , p. 795, 1284, 1467. A m ajority of securities have been deposited
with the W indsor Trust Co. V . 8 8 , p. 565.
O R G A N IZ A T IO N .— Incorporated In New Jersey, and owns the entire
capital stock o f the Trenton & New Brunswick R R . and the N. J. Short
Line R R . and a m ajority (about two-thirds) o f the stock o f the Camden &
Trenton R y . By this ownership and a perpetual traffic contract with the
P ublic Service Corporation for terminals In Jersey C ity, sought to run
electric cars between New York and Philadelphia.
STOCK AN D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000,000...............................
$1 000 0 0 0
1st trust intge, $4,000,000,1 1905
5 g M-S
600,000
1635' "
gold ($500 and $1,000)— /G uaranty Trust C o., New Y ork, Trustee.
Bonds.— Are redeemable at any time at 105 and Interest. They are
secured by deposit o f a m ajority o f the stock o f the Camden & Trenton R y.
and the entire stock o f the Trenton & New Brunswick R R . and the New
Jersey Short Line R R . Interest payable In New York and Philadelphia.
— V . 8 6 , p. 53, 229, 481, 548, 795, 1467; V . 8 8 , p. 565.
(1)
New Jersey Short Line RR.
RAILWAYS COMPANY GENERAL.
O R G A N IZ A T IO N .— Incorporated at Trenton, N. J ., A ug. 25 1899. Is
empowered to build, lease, sell, purchase and operate street railways, elec
tric light, gas. Illuminating plants and water works, and also to acquire or
dispose o f the securities o f the same. Stock auth., $700,000, shares $10; all
Issued. Is listed on the Philadelphia Stock Exchange. Stock was origi
nally $10,000,000 (par $5) auth. and $1,500,000 outstanding, but was re
duced In O ct. 1901 to $1,200,000 (par $10) by vote o f the stockholders.
V . 73, p. 338. In Sept. 1905 amount was again reduced, this time to
$900,000 (V . 81, p. 841), and In Sept. 1906 was further reduced to $700,000.
V . 83, p. 752. Stockholders voted In D ec. 1908 to dccraese stock to
$500,000. V . 87, p. 1664; V . 88, p. 53. Up to June 30 1909 stock had
not been reduced. Control passed in N ov. 1902 to parties represented by
Vlce-Pres. D ick. In Dec. 1905 sold its holdings In the stock of the Michi
gan Trac. Co. and the stock and bonds of the Elmira & Seneca Lake R y .
The follow ing shows the securities held Sept. 1908:
r
.
.. ..
. .. .
Total Issue. Owned.
$150,000
Lewlsburg Milton & W atsontown Passenger (sto ck )___$150,000
Lewlsburg Milton & W atsontown Passenger 5s............... 2 3 0 , 0 0 0
230,000
Montoursvllle Electric Light (stock ).................................. 10,000
10,000
Montoursville Passenger R y. Co. 5s.................
1 1 2 ,0 0 0
1 1 2 ,0 0 0
Montoursvllle Passenger R y . Co. (sto ck )........................... 75,000
75.000
Michigan Traction Extension Co. 5s___________ ______500,O O
H
465,000
R E P O R T .— F or years ending June 30: Incom e from dividends on stocks
and Interest on bonds for subsidiary companies: In 1909, $91,467; In
1908, $167,072: salaries, rents, taxes, & c., in 1909, $15,071; In 1908,
$15,814; balance, surplus, In 1909, $76,396; In 1908, $151,258. Surplu
In 1908 after charging oil depreciation, $5,679.
Dividends.— First d lv .— 10% — was paid Sept. 15 1909. V . 89, p. 594.
O F F IC E R S .— Pres., T . D. R hodes; V .-P s., F . J. Llsman and E. R . Dick
Sec. and Treas.. H . C. W inchester: Asst. T reas.. L. D. M altble.— V. 85,
p. 601, 718; V. 87, p. 811, 1664; V. 88, p. 53; V. 89. p. 594, 776.
(1) Lcw isburg Milton & W atsontown Pass. R y .— Trolley.
O R G A N IZA T IO N .— Chartered Sept. 3 1897. Commenced operations In
Feb. 1898. Railways Company General owns all stock and bonds.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $150,000 ($50)..............................................
$150,000
1st mortgage $230,000 g o ld ! 1907
5 g J-J
230,000 July 1 1037
($ 1 ,0 0 0 )-------------------------c*/In terest at N. Y. Trust C o., N. Y .
E A R N IN G S .— For fiscal year ending June 30 1909 were: Gross, $34,852;
net after taxes, $16,677; Interest, $11,500; surplus, $5,177.
R O A D .— 10 mites of track between points named In title.
O F F IC E R S .— Pres., T. D. Rhodes; V .-P ., E. R . Dick; Sec. and Treas.,
H . C. Winchester; Asst. Sec. and Treas., L D. Maltble; S upt., Richard
Barrett.
Receivership.— On Feb. 21 1908 Judge Lannlng appointed David F. Car
ver of Newark as receiver. Int. due April 1908 on bonds was defaulted.
O R G A N IZ A T IO N .— Stock all owned by the New York-Phlladelphla Co.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
$2,100,000 . . .
s tock , $3,000,000 ($100)................ ..................... ..
1st m tgc, $2,500,000, gold ) 1904
5 g A-O
1,750,000 Apri 11934
($500 and $ 1 , 0 0 0 ) --------------/F inan ce Co. o f Pennsylvania, Phlla., Trustee.
Bonds.— No sinking fund and arc not subject to call. $750,000 are re
served for the acquisition o f additional properties.
R O A D .— W as to construct a double-track road 20 miles In length (40
miles o f track) on private right o f w ay from New Brunswick, where connec
tion Is made with the Trenton & New Brunswick R R ., to Elizabeth, there tc
con nect with the Public Service C orporation, and thus form part o f a through
line from New Y ork to Philadelphia. Pending com pletion, cars have been
operating between New Brunswick and Elizabeth b y way of Bound Brook
— V . 8 6 ,p . 548.798.
(2) Trenfon & New Brunswick RR.—Trolley.
Default.— Interest due Jan. 1 1908 on the $1,000,000 1st mtge. bonils
was defaulted. V. 86. p. 230.
Receivership.— On Feb. 21 1908 Judge Lannlng appointed David F . Carver
of Newark receiver.
O R G A N IZ A T TO N .— Incorporated In New Jersey on Dec. 10 1901, under
(a) Mil ton Electric Light & Power Co.
the General Railroad Law. Entire capital stock Is owned by the New York- ;
O R G A N IZ A T IO N .— Chartered under the laws o f the State o f PcnnsylPhlla. Co. and road forms part o f the through line from New York to Phlla.
vanla Feb. 8 1892. Purchased the plant and franchises o f the Thom sonSTOCK A N D BON DS— Date.
Interest. Outstanding.
Maturity.
Houston Electric Light Co. Authorized capital, $40,000, which was re
Stock, $1,000,000 ($ 1 0 0 ).................................... ..
$1,000,000
duced to $27,750 Dec. 15 1896, all of which Is owned by the Lewlsburg
1st mtge, $1,000,000, gold ) 1901
5 g J-J
1,000,000 Jan 1 "l9 3 2
t Milton & W atsontown Passenger R y .
($500 and $ 1 ,0 8 0 ) ............c * / Finance Co. o f Pennsylvania, Phlla.,Trustee.
. E A R N IN G S .— Gross earnings year ending June 30 1909, $19,800; oper.
Bonds.— No sinking fund and cannot be called.
E A R N IN G S .— For calendar year 1908, gross, $59,637; expenditures for expenses and taxes, $18,391; surplus, $1,409.
operation, & c., $$8,487.
i
(2) Montoursville Passenger R ailw ay.— A trolley road.
R O A D .— Owns about 25 miles o f standard-gauge track between Trenton I O R G A N IZA T IO N .— Chartered In Pennsylvania June 28 -1897. C om
and New Brunswick, over private right o f w a y .— V . 78, p. 230; V . 79 d
menced operations Dec. 16 1897. The entire stock and bonds are owned by
2087; V. 80, p. 164; V. 86. p. 230, 548, 795.
the Railways Company General. Stock authorized and Issued, $75,000.
, Funded debt authorized and Issued, $75,000, 5 % 30-year gold bonds
(3) Camden & Trenfon R ailw ay.— Trolley.
dated Aug. 1 1898, Interest J& J. Operates 5 X miles o f track from W illiams
Receivership.— On Feb. 18 1908 at Trenton, N. J ., VIce-Chancelloi port to Montoursvllle, Pa.
Walker appointed W ilbur F. Sadler Jr. of that city receiver on application
E A R N IN G S .— For fiscal year ending June 30 1909 were: Gross, $23,130;
of former President Henry V . Massey, a shareholder. BUI of foreclosure net after taxes, $9,272; fixed charges, $4,667; surplus, $4,605.
has been filed by Provident Life & Trust Co. The com pany defaulted
O F F IC E R S .— Pres., T. D. R hodes; V .-P ., E. R . D ick, New Y ork; Sec.
N ov. 1 1907 In paym ent of Interest on Its $710,000 first mortgage bonds, and Treas., II. C. W inchester, 30 Broad S t., N. Y .; Asst. See. and Treas.,
and the interest due Jan. 1 1908 on the $622,500 general mortgage bonds L . D. Maltble; S upt., Richard Barrett.
was also defaulted. See V. 86, p. 228. On Aug. 22 1908 application to
(3/ Montoursville Electric Light C o.
Issue receiver’s certificates was denied. V . 87, p. 225, 543.
I O R G A N IZ A T IO N .— Chartered under the laws o f the State o f Pennsyl
Reorganization Plan.— A plan which contemplates the foreclosure sale vania Sept. 3 1897. Capital stock, $10,000. all owned by the R ys. Co. Gen.
of the property and a reorganization as the Riverside Traction C o., with
E A R N IN G S .— Earnings year ending June 30 1909: Gross, $7,739; oper.
$1,100,000 com m on, $400,000 5 % cum . pref. and $1,500,000 first mortgage expenses and taxes, $7,997; deficit, $258,
50-year 5% bonds, has been proposed by the bondholders’ protective com - i
m ittees. See plan In V . 88, p. 1126.
PH ILADELPHIA RA PID TRANSIT.— Controlled by the Wldener
O R G A N IZ A T IO N .— Incorporated In New Jersey on D ec. 15 1897. syndicate.
Incorporated In Pennsylvania on May 1 1902 to take over under lease the
A bout two-thirds o f the stock Is owned by the New York-Phlladelphla Co., ;
I
and road forms part o f the New York-Phlladelphla through line.
| Union Traction Co. for 999 years from July 1 1902, and to acquire and hold
,
Owns 395 out of 400 shares (par $50) of the capital stock of the Cinna- ■ shares o f other corporations. (For terms o f lease, see Union Traction be
mlnson Electric Light, Power & Heating Co. o f R iverton, N. J .. which sup low.) The Rapid Transit Co. acquired numerous franchises for new roads
plies the towns o f Beverly, Delanco, Riverside, Riverton and Palmyra with obtained by the Mack-Foerderer syndicate In 1901. In June 1903 the Mar
light. Also owns 1,362 shares (par $10) out of 1,600 shares o f the capital ket St. Elev. Pass. R y ., with $5,600,000 authorized capital stock, was
stock o f the Bordentown Electric Light & Motor C o., which supplies light formed to absorb a number o f these franchises. V. 76, p. 1301. In Juno
to Bordentown and vicinity. The bonds below, besides being secured by , 1003 the Rapid Transit Co. obtained from the Philadelphia City Councils
m tge. on the road between Camden and Trenton, are further secured by a : other valuable franchises for new lines. In April 1906, however, an agree
deposit o f the holdings o f the stock o f these two com panies. Leases the ment was entered Into with the city relinquishing nearly all the lights to the
franchises of 1901 and 1903, and the whole m atter of the com p a n y’s fran
Trenton Terminal R R .
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity. chise rights was readjusted on a new basis. See V . 82. p. 693, 870.
Subway has been built In Market St. from 23d St. to Delaware A v e .’
S tock, full paid ($10)______________
_______
$1,750,000 ____
elevated structure on Market St. west of the Schuylkill River, and on Dela
1st m tge, gold , $750,000) 1899 5 g M-N
710,000 N ov 1 1929
ware Ave. from Market St. to South St. V . 74, p. 528, 089; V. 76, p. 1301;
($500 and $ 1 , 0 0 0 ) ........... c*/P rovld en t Life & Trust C o., Phlla., Trustee.
V . 81, p. 265. In March 1907 began operating on that portion of the ele
1st gcn’l mtge, $1,750,000) 1901
5 g J-J
622,500 July 1 1931
vated from the Schuylkill River west to the Upper Darby terminal station,
($500 and $1,000), g o ld .c*/P rov ld en t Life & Trust C o., Phlla., Trustee.
a distance of about 4 miles. V. 84. p. 571. On Aug. 3 1908 the entire
Car trust certificates_______________
_______
39000
___________
subway from 2d St. to 23d and Market St. was placed In operation, thus
Bonds.— Of the $750,000 bonds, $40,000 arc reserved (uncertified) to re com pleting line through to 69th St. V. 87. p. 347. On O ct. 6 1908 ele
tire like amount o f bonds of the Clnnamlnson Electric Light & Power Cn
vated line on Delaware Ave. to South St. Station was placed In operation,
due April 1 1914. V. 70, p. 279.
com pleting entire line. V. 87, p. 936.
O f tne $1,750,000 Issue, $750,000 are reserved to retire above outstanding
In .July 1902 acquired all the stock o f the Doylcstown & W illow Grove
prior Ileus and the remaining $377,500 Is held for extensions at not exceeding R y . Co. Also owns entire stock of the Philadelphia & W illow Grove Street
$40,000 per mile In Trenton and Camden and nut exceeding $20,000 per R y . Co. and entire stock ($10,000) of the Real Estate Holding C o., which
mile outside those cities.
owns property of an assessed value of $463,850.
On J u ly l 1906 the Phlla. Morton & Swarthinore R y . and the Media Mid
E A R N IN G S.— For cal. year 1908, gross, $156,723; expenditures for o p
dletow n Aston & Chester Elec. R y . were consolidated, form ing the Darby
eration, superintendence and management during year, $ 1 1 0 3 )3 .
R O A D .— Comprises the electric-light plants and 38 miles o f road between Media * Gnester Ry. The new com pany, emnracing 25 miles of track, was
Trenton and Riverton (where connection Is made with Camden & Suburban thereupon leased to the Phlla. Rapid Transit Co. for 999 years, rental being
R y . tracks). By a contract between this com pany and the Camden & S ub $8,500 for first year, $17,000 for second and third years, $25,500 for fourth
urban the Camden * Tren. R y . cars run direct to the Philadelphia Ferry at year, $34,000 for fifth year and $42,500 for sixth year and thereafter.
W ith Aug. 1 1906 the R apid Transit Co began to sell passengers 6 tickets
Market and Federal streets, Camden.— V . 86, p. 228, 479 601 793 856
for 25 cents. V . 82, p. 1439. In O ct. 1908 com pany sought to make thcee
1284, 1528; V. 87, p. 225, 543, 1418; V . 88, p. 1126, 1252.
’
tickets non-transfcrable and to restrict their use to the purchaser (V. 87,
p. 936), but n Nov. 1908 abandoned all restrictions again. V. 87, p. 1301.
PHILADELPHIA & WEST CHESTER TRACTION.—A trolley road.
On May 18 1908 com pany put Into force a rule allowing transfers only upon
The Eastern Securities Co. has acquired control.
paym ent of full 5-cent cash fare. V. 86, p. 1160. On Jan. 27 1909
O R G A N IZ A T IO N .— Chartered In Pennsylvania on April 24 1895. Mu Common Pleas Court No. 2 sustained com pany In this rulo In a test suit
nicipal franchises are perpetual. In 1898 acquired control or the Phlla. & brought by city. V. 88, p. 296. This In turn was affirmed by the Penn
W est Chester Turnpike R oad C o., which In turn controlled the Delaware sylvania Supreme Court on April 26 1909. V. 88, p. 1093, 1129. Various
County Passenger R R . Also controls the Phlla. Castle R ock & West Ches suits brought (V. 88. p. 1500, 1621) to com pel restoration of sale of six
ter Passenger R y. Co. In Jan. 1902 leased the Ardmore & Llanerch St. tickets for a quarter (which were discontinued In May 1909; V. 88, p. 1165,
R y ., a line between the points named, 3 1 3 miles; It has n o b o n d s o ro th e r
1197) were dismissed In July 1909 on the ground that the sale of strip tickets
debt. Rental Is 5 % on the outstanding stock ($300,000 auth., $280,400
Is not a change In rate of fare, but a change of a detail In management,
outstanding) and payment of taxes and organization expenses. Leases which the com pany Is not bound by law or contract of July 1907 w lth clty to
the Philadelphia A Garrcttford St. R y. (which It also controls) at 5 % on
make permanent. V. 89, p. 225, 287. For reasons against restoring strip
stock and Interest on bonds.
tickets see V. 89, p. 163.
STOCK AN D BONDS—
Date. Interest.
Outstanding.
Maturity.
Strike.— On May 29 1909 a strike on the surface lines began
V 88
Stock, $1,000,000 (par $ 5 0 ).. .............................
$891,000 .
p. 1438, and lasted for a week. For terms of agreement see V. 88, p. 1500.
1st M, $400,000, gold, subject)
1808 5 g J-J
400,000 Oct 1 1918
Adjustment of Relations with City.— On Feb. 1,3 1907 the board o f direc
to call at 105 after Oct 1 ’ 9 9 /In t. at Girard Trust C o., Phlla., Trustee. tors accepted the plan submitted Jan. 1907 by the Retail Merchants' Asso
MtKe-bonds, $ 1,o °0 .000, gohl)
1004 4 g J-J
534,000 Jan 1 1954 ciation o f Philadelphia for a readjustment o f the relations between the city
nv.il ’H
......................c* J Int. at West End Tr. C o., Phlla., Trustee.
and com pany. The plan confers upon the city the right to purchase at any
Ph » 4 ? ? r ' t M' 55 000'„
«
1TO 5 g F-A
752,000 Aug 119 5 5 time after June 30 1957 all leases, franchises and property o f the com pany at
000, gold ($1,000)----------- c / l n t . at West End Trust C o., Phlla., Trustee.
the com pany s actually paid-in capital, $30,000,000. The city is to have
B a n d s . 166,000 of the 4s of 1904 are reserved to retire $400,000 1st mtp\ the right to assign or sell this option. Furthermore, a sinking fund Is to bo
Donas. Bonds o f either Issue can be called at any time at 105 and Interest: established, to be taken out of the gross receipts o f the com pany, which,
no sinking fund. The Phlla. & Gar. bonds can be called at 105 and Interest calculated at 4 % . will amount to at least $30,000,000 at the expiration of
on any Interest day.
50 years, to enable the city to acquire the property at that tim e. Another
•
year ending N ov. 30 1908, gross, $286,441; net, feature In the arrangement Is that, beginning with Jan. 1 1907, the city Is
$180,479; fixed charges, $110,004; surplus, $20,475.
to share equally In the net profits after stockholders have received lawful
m .,1 i r ' . T ° / l cn !t, sJ lt)0ut 3 0 ^ miles from the new Union Station of the Interest on the capital Invested by them. All franchises for further surface,
c
Philadelphia Rapid Transit at 69th and Arch sts., Philadelphia, to West elevated or underground railroads within the city are to be first offered the
Chester, of which 7.07 miles Is leased. Leases Philadelphia & W estch ester Phlla. R apid Transit Co. under terms of this contract. The city Is also to
Turnpike R oad Co. for 999 years from 1895. Also Ardm ore & Llanerch, have three members on the board o f directors. The present rate o f fare Is
3 1-3 miles, and Philadelphia & Garrcttford. 3.16 miles. T otal, 37.29 not to be changed except with the consent o f both parties. As part of the
miles. Gauge, 5 ft. 2 X In.; 58. 60 and 70 lb. T rail. 39 cars.
arrangement, the Rapid Transit Co. agreed to call the $12,000,000 then still
O F F IC E R S .— Pres., A . Merritt Taylor, 610 A rcade B ldg.. Phlla,; V .-P . due on Its stock at the rate o f $3,000,000 every six m onths, the m oney to be
4b S ec., H . H. Alkens; Treas., C. L. Rlhl; A ud., H. F. S le lcr . Office, used to give Increased and Improved service. For further details o f plan,
Upper Darby, Delaware C o., P a .— V . 81, p. 727, 1551; V. 84; p
.
sec V . 84, p. 451, 1552. An ordinance em bodying the above features was
passed by the Phlla. City Council on June 20 1907 (V. 84, p. 1488) and ratlfled b y the com pany July 18 1907. On Sept. 27 1909 In a suit brought to
test the validity of the foregoing ordinance Comm on Pleas Court N o. 1 sus
tained the demurrer Interposed by the com pany. V . 89, p. 847. On
July 29 1907 directors called for paym ent the final assessment of $15 a
share on stock, payable In tw o Installments— $7 50 Sept. 9 1907 and $7 50
Sept. 7 1908. V . 85, p. 284, 1402.
In June 1908 the City Councils approved the com pany’s proposition to
pledge Its assets to secure a $5,000,000 loan, the present Issue not to exceed
$2,500,000. V . 86, p. 1530. Stockholders Sept. 10 1908 approved prop o
sition. Sec V . 87, p. 740. In Oct. 1908 stockholders of Union Trac. Co.
and the Phlla. Trac. Co. approved the use of securities (see V. 87, p. 813,
1161), owned b y them as security for the new loan, and the $5,000,000
collateral trust mortgage shown below was thereupon authorized. Pro
vision has been made for exchange of new bonds for the coll, trust bonds
due 1917 of Phlla. Traction C o., bond for bond. V . 88, p. 376.
Maturity.
STOCK A N D B ON DS.—
Date.
Interest. Outstanding.
1600,000 shares 1-----------Stock $30,000,000 ($50).............................................
\ Full p a d . J-----------$4,400,000 Feb 1 1957
Coll trust mtge $5,000,000 f 1908
5 g F-A
.
---------($1,000) gold ___________ c * (I n t . at Penn. Co. fo r ln s . on Lives A Granting
(Annuities, Philadelphia, trustee.
Market St El 1st mtge $ 1 0 , 1 9 0 5
4 g M-N $10,000,000 May 1 1955
000,000 gu goId($l ,000) .c * J ln t . at Land Title & Trust C o., Phlla., Trus.
Darby Media A Chcs 1st m tgef 1906 4 H g J - J
865,000 July 11936
$1,500,000 ($1,000) g o ld , c )I n t . at Land Title A Trust C o., P hlla .,T ru st
Stock was listed on the Phlla. Stock Exchange In July 1902 and In Feb.
1905 on N . Y . Stock Exchange. A second call o f $5 was made on the shares,
payable July 6 1903; a third for $S, payable Jan. 20 1904; a fourth for $5,
payable Jan. 20 1905; a fifth for $5, payable July 10 1906; a sixth for $5,
payable Dec. 10 1906; a seventh, payable May 6 1907; an eighth, for $7 50.
payable Sept. 9 1907, and a ninth, for $7 50, payable Sept. 8 1908, making
$50 (all) per share paid In.
Bonds.— Collateral trust bonds are secured b y deposit with trustee of
securities owned by Phlla. R apid Transit and also securities of Union Trac.
Co. and Phlla. Trac. C o.; entire Issue subject to call at 1 0 5 on 6 weeks’ pub
lished notice on and after Feb. I 1912. A sinking fund, which will retire
all bonds by Feb. 1 1957, begins operations Feb. 1 1912. The Market
Street Elevated R y . bonds cover the subway and the elevated road on
Market St. See V . 80, p. 652. T hey are guaranteed, principal and
Interest, by endorsement b y the Phlla. Rapid Transit Co. Are subject
to call on any Interest date at 102)4 and Int. The syndicate purchasing the
bonds was In March 1907 closed. V. 84, p. 749; V. 86, p. 547. The Darby
Media & Chester Street R y . bonds arc guaranteed, principal and Interest,
by endorsement by the Philadelphia Rapid Transit Co. Can be called at
102'4 and Interest on or after July 1 1916
B oth the collateral trust bonds and Market Street Elevated bonds were
listed on the Philadelphia Stock Exchange In April 1909. V. 88, p. 945.
R O A D .— Total trackage, Including all lines leased and operated, 626.032
miles. Owns 3,857 ears.
A N N U A L R E P O R T .— Fiscal year ends June 30. Annual report for
1908-09 was given In V . 89, p. 719.
1908-09.
1907-08.
1906-07.
1905-06.
N o. passengers ca rr ie d ..464,264,656 512,869,023 402,137,038 448,576,785
Gross ea rn in g s________ $18,317,530 $18,300,080 $18,095,503 $17,483,414
Operating expenses____ 9,364,738
9,794,508 10,095,097
9,153,603
Net earnings_______ . . . $8,952,792
Other Income, Int., A c .
480,463
$8,505,572
257,422
$8,000,405
245,188
$8,329,541
193,103
T otal net Income ____$9,433,255
$8,762,994 $8,245,593 $8,522,644
'I'axcs and licenses. ____rt$ 1,464,953 a$l ,394,127 $1,120,683 $1,075,216
Union Tractlan d lv . ...(6 )1 ,8 0 0 ,0 0 0 (5)1,500,000 (5)1,500,000 (4)1,200,000
5,960,916
5,988,058
5,943,432
Fixed charges.b ___ ____ 0,392,573
Surplus........................def .$224,2711def.$92,040 def.$364,048
$303,996
a The Item o f "ta x es and licenses” Includes the $500,000 which the co m
pany now pays annually to the City of Philadelphia In lieu of paving, li
censes on cars, A c. Cost o f paving In previous years was Included In oper
ating expenses. 5 Interest on the $10,000,000 Market St. Elev. 1st M. Is
not Included prior to year 1908-09 as the line was not placed In ^operation
until Aug. 1908.
O F F IC E R S .— Chairman of Board, John B. {Parsons; Pres., Chas. O.
Kruger; V .-P ., Clarence W olf; 2d. V .-P ., A lex. iRennlck; Sec. and Trcas.,
R . B. Seltrldge; Asst. Sec. and Asst. Trcas., A. D. Hallman; Asst. Sec.,
Jas. J. Springer: Com p., Alex. Rennlck, all of Philadelphia.— V . 86,
p. 1160, 1467, 1530, 1590; V . 87, p. 97, 286, 347, 481, 615, 738, 740, 813,
936, 1160, 1301, 1534: V . 88. p. 296, 376, 625, 945, 1129, 1165, 1197,
1438, 1500, 1561, 1621; V . 89, p. 163, 225, 287, 666, 719, 721. 847.
(1) Doylcstown & Willow Grove R y. Co.— A trolley road.
In July 1902 was acquired by the Philadelphia R apid Transit through
purchase of the entire capital stock ($500,000) for $20,000. The R apid
Transit Co. guarantees Interest on the bonds. See V . 79, p. 1331.
STOCK AND B ON DS.—
Date.
Interest. Outstanding.
Maturity.
Stock $500,000 ($ 5 0 ).................................................
$500,000 .....................
1st mtge $500,000 ($1,000)1 1900
4 g J-D
500,000 June 1 1930
gold guar_______________c*/L a n d Title A Trust C o., Phlla., Trustee.
H O A D .— Owns and operates 13.60 miles o f road from Doylestown to W il
low Grove, running over the old turnpike between those places, which Is
leased for 999 years.
E A R N IN G S .— Included In Phlla. Rapid Transit C o.— V . 79, p. 1331.
(2) Twenty-Second Street & Allegheny Ave. Passenger R y.
O R G A N IZ A T IO N .— Form ed In 1003 and merged the old Twenty-second
St. A Allegheny A ve. Pass. R y . Co. (chartered 1800), the Falrm ount A
Frankfort R y. C o., Fisher’s Lane R y . C o., LIndley A ve. R y . Co , Chelten
A ve. Pass. R y . Co , Germantown A Falrmount R y . Co. and the Phlla. A
Trenton Rapid Transit St. R y . Co. Is leased to the Phlla. Rapid Transit
Co. for 6 % per annum on paid-in capital.
STOCK AN D B ON DS.—
Date.
Interest. Outstanding.
Outstanding. Maturity.
I "
Stock $1,302,000 ($50)...................................... .
' 22,456 sh. ‘1.
"' '
) $25 paid. ]
Due lessee June 30 1909-------------------------561,400 .
R O A D .— Operates about 39 miles o f track.
Treasurer, A. D. Hallman.
(3) Philadelphia & Willow Grove Street Ry. Co.
O R G A N IZ A T IO N .— Is a consolidation In 1904 o f the Phlla. A W illow
Grove Street R y and the Glenslde A W llow Grove Street R y . Entire
stock Is owned by the Phlla. Rapid Transit C o., which guarantees the bonds,
prln. A Int., by endorsement
Sec guar. V . 79, p. 904.
STOCK A N D B O N D S .—
Date.
Interest. Outstanding.
Maturity.
Stock $1,000,000.........................................................
$1,000,000 .....................
1st mtge $ 1,000,000 guar gold \ 1904 4 )4 g J-J
1,000,000 July 11934
($ 1 ,0 0 0 )............................. c*JInt. at Land Title A Tr. C o., Phlla., Trustee.
Bonds.— Bonds are subject to call on any Interest date at 105 and Interest
upon 30 days’ notice. A sinking fund begins after 5 years; o f $10,000 per
annum for live years, $15,000 per annum for following 5 years, and $20,000
per annum for the ensuing 15 years. See V . 79, p. 904.
R O A D .— Operates a double-track road from Intersection o f W eaver St.
or Cherry Lane with M ontgomery County line to W illow Grove Park. T o
tal, 17 miles o f track.— V . 79. p. 904, V . 81, p. 32.
(4) Darby & Ycadon Slreet Railway.
O R G A N IZ A T IO N .— Entire stock ($5,000) Is owned b y the Philadelphia
Rapid Transit Co.
STOCK AND BO N D S.—
Date.
Interest. Outstanding.
Maturity.
Stock all owned by Phlla. Rapid TransltCo.
1st mtge $200,000 gold guar) 1904 4 A g J-D
$200,000 D ec 1 1934
($ 1 .0 0 0 )............................. c*J int. at Land Title A Tr. C o., Phlla., Trustee.
Bonds.— Arc guaranteed, prln. A Int., b y endorsement by the Phlla. R ap ,
Tran. Co. Are subject to call on any Interest date at 105 and Interest.
R O A D .— Comprises a Unc from the Philadelphia County line to Darby.
2)4 miles.
UNION TRACTION.— A trolley road.
Lease.— The Union Traction Co. has been leased for 099 years from July
1 1902 to the Philadelphia Rapid Transit Co. Lease rental (payable In
old) Is $900,000 per annum (equal to 3 % on the face value o f the $30,000,
00 stock) for the first two years, $1,200,000 per annum (equal to 4 % on
stock) for the next two years, $1,500,000 per annum (equal to 5 % on stock)
for the next tw o years and $1,800,000 per annum (equal to 6 % on stock)
thereafter. The stockholders o f the Union Traction Co. were given the
right to purchase 150,000 shares of the new R apid Transit Co. stock. V . 74,
S
p. 989. Included all the leading street passenger railway lines within the
city of Philadelphia at the time. Union Traction shareholders In Oct. 1908
gave their assent to the use of certain securities owned by the Union Trac.Co.
to be pledged as collateral for the $5,000,000 loan of the Phlla. R ap. Transit
Co. V . 87, p. 1161.
O R G A N IZ A T IO N .— Chartered Sept. 13 1895, and acquired on or about
O ct. 1 1895 all the shares o f the Electric T rac. and People’s T rac. com p a
nies, In place o f which were Issued collateral trust certificates secured b y the
shares placed In trust. In 1896 leased these properties for 998 years and 3
months from July 1 1896. On O ct. 1 1895 leased for 999 years the Phila
delphia Traction at 8 % on Its capital stock and has "assum ed” Its 4 %
collateral trust bonds. V . 61, p. 663. Leases (from Jan. 1 1898) Hestonvlllc Mantua A Falrm ount Passenger R y . for 999 years at 6 % on preferred
and 4 % on com m on stock. See V. 66, p. 236. The Lehigh A ve. R y. Co.
($600,000 stock) was also leased for 999 years from July 1 1899. See terms
of consolidation, A c., In statements for the constituent com panies and V .
61, p. 152, 197, 283, 663. For change In terms of lease see V. 89, p. 594.
The Philadelphia R apid Transit now operates the road.
Int. or
OutMaturity or
STOCK A N D BON DS— Date. Dividends.
standing.
last d iv id en d .
Stock, $30,000,000 (par)
(600,000 shares. 1
J-J
($17.50 paid In. / July *09, 3 %
$ 5 0 ) .................. ............ ) ..........
Trust Co.
certificates) 1895 4 g A -O
29,730,114 red.aft. O ct. 1 ’ 45
gold, guar. p. A 1. b y/In te re st at Pa. Co. for Ins. on Lives A Granting
Union T r ......................... Annuities, trustee.
Collateral trust first m ort) 1902
4 g J-J
1,423,000
July
119 5 2
$1,500,000, go ld ____J Land Title A Trust Co. Philadelphia Trustee.
Trust Certificates.— The trust certificates are not tne Irect obligations
of the Union Traction C o., but were Issued by the Pa. Co. for Ins. on Lives
A Granting Annuities to p ay for the shares of the Electric and People’s Traotlon com panies purchased and are secured b y a deposit with the Trust C o.
of all the shares o f the stock o f the Electric Traction Com pany and the
Peoples Traction Com pany thus acquired. See description o f certificates
In V . 64, p . 135. T hey are guaranteed, principal and Interest, b y the Union
Traction Co. and are redeemable at the option o f that com pany on and after
O ct. 1 1945.
Collateral Trust Bonds.— The collateral trust bonds were Issued to fund
the Uoatlng debt and are secured by the deposit o f the 35,000 shares o f the
com m on stock of the H estonvlllc Mantua A Falrmount Pass. R R . Subject
to call at 105 and accrued Interest; $77,000 has been retired by sinking fund.
O F F IC E R S .— Pres., John J. Sullivan; 1st V .-P ., Chas. E. H eed: Sec. and
T rcas., A D . H allm an.— V . 75, p. 31, 609, 1255; V . 87, p. 814, 937, 1161:
V . 89, p. 594.
LINES CONTROLLED BY UNION TRACTION CO.
(1) Catharine & Bainbridgc Streets Ry.— A trolley road.
O R G A N IZ A T IO N .— Incorporated May 14 1889, and leased to the Phila
delphia Traction Mar. 1 1890 for 99 years, and since O ct. 1 1895 operated
by the Union Traction Com pany; In Sept. 1895 term of lease was Increased
from 99 to 999 years and stock from $150,000 to $400,000 (all owned by
Union Traction C o.): rental Is $24,000 yearly, besides Interest and taxes.
STOCK A N D BON DS—
Date.
Interest. Outstindlng.
Maturity.
Stock (par $50) ....................................
6%
M-S
$400,000
See text.
First m ort. $150,000 ($T,0bbjc 1890
5%
A-O
150,000 A pr. 1 1920
Due lessee July 1 1909.................... ..
..................
234,698 .....................
Interest at Land T . A T . C o., Trustee, Penn. Co. for Insur. on Lives, etc.
Dividends.— Dividends o f 6 % are paid-.
R O A D .— The road aggregates 5.407 miles o f track.
(2) Citizens’ Passenger Railway.
O R G A N IZ A T IO N .— Incorporated Mar. 25 1858. Leased to Frankford
A Southwark Passenger Railway Com pany A pr. 1 1892 for 999 years; ren
tal now $140,000 per annum , equal to 28 % on stock, or $14 per $50 share.
This lease was assumed b y the Electric Traction Com pany July 1 1893. The
Union Traction now operates the road.
STOCK A N D BON DS—
M ile s.
Interest. O utstan din g.
M a tu r ity .
Stock $500,000 ($50)
11
2 8 % Q - J See text.
See text.
Stock paid In $102,500; $20 on 8,500 shares and $15 oa 1,500 shares.
R oad, Columbia Avenue to Mifflin S t., 11 miles o f track.
(3) Continental Passcnrcr Railway.— A trolley road.
O R G A N IZ A T IO N .— Incorporated Sept. 3 1873. Leased Jan. 1 188#,
to Union Passenger Railway Company for 99 years at rental of $6 per share
per annum. Interest, taxes and operating expenses: lease assigned to Phila
delphia Traction Company June 30 1884. Operated by Union T raction
Com pany since O ct. 1 1895. Stocks ow ned, per balance sheet July 1 1909,
$600,000.
STOCK A N D BONDS—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
(20,000 shs., 1
Stock (par $ 50)--------------------- --------$6 J-J ( $29 paid In. J See text.
First
m ort.,
$ 3 5 0 ).............. 1879 4 % J-J
$2»0,0Q0July 1 195#
and $1,000 ......... c ./
Due lessee for additions July 1 1909, $672,260.
Bonds were originally 6% but In 1909 were extended for 50 years at 4 % .
V . 88, p. 822. Own 12.643 miles of track. V . 88, p. 822.
(4) Electric Traction.—
O R G A N IZ A T IO N .— Incorporated May 8 1893 and acquired control of
the Citizens’ Passenger R y ., the Frankford A Southwark Passenger R y .
and the Second A Third Street Passenger R y .
On July 1 1896 leased for
999 years the Citizens’ Clearfield A Cambria St. R y ., the Citizens’ East End
St. R y ., the Brown A Parrish St. R y ., and the Citizens’ N orth End St. R y .
In 1895 the Union Traction Company acquired all the stock at the rate o f
$85 per share for each share on which $50 had been paid on and $70 per
share for each share on which $30 had been paid, the Pennsylvania Co. for
Insurances on Lives A Granting Annuities Issuing therefor Its guaranteed
trust certificates.
On July 1 1896 the Union Traction Co. leased the p rop
erty for 098 years and 3 m onths. See V . 61, p. 197, and also "U n ion T r a c
tion .”
STOCK AN D BON DS—
P a r . D iv id e n d s.
Issu ed .
O utstan din g.
Stock (part $30 p a id )_________ $50
___________$8,297,920 -------------------Stock authorized, 175,000 shares of $50 each; Issued, 152,396 shares of
$50 paid and 22,604 shares o f $30 paid, making total $8,297,920.
R O A D .— Operates 133.566 miles of track. Rail 90 lbs.— V . 63. p. 557.
(5) Empire Passenger Railway.— A trolley road.
O R G A N IZ A T IO N .— Incorporated Feb. 10, 1869. Leased Dec. 26 1873
to Citizens’ Passenger Railway Company and the Seventeenth and Nine
teenth Street Passenger Railway Company for 999 years. Transferred O ct.
1 1895, along with all right to dividends on 6,100 shares of Its stock (then
held by the Union Passenger Railway Co. as trustee and lessee), b y lease
o f Philadelphia Traction to the Union Traction Co. Dividends are $1 50
per $50 share each June 30 and Dec. 30— that Is, are 6 % per annum.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
Stock (par $ 50)_____ (All owned by Phlla. Trust.) $600,000 ......................
First
m ort.
gold )
1900
3 ^ g . J-J
200,000 Mar. 1 1930
$200,000 ($ 5 0 0 ).c .)L a n d Title A Trust C o., Philadelphia, Trustee.
Bonds.— The new 3)4s were Issued to retire a like am ount o f 7s due
July, 1900.
Due lessee com pany for additions July 1 1909, $705,715.
R O A D .— Operates 12.25 miles o f track.— V . 70, p. 1150.
(6) Frankford & Southwark Passenger Railway—
O R G A N IZ A T IO N .— Incorporated Apr. 4 1854. Acquired stock of
Lom bard A South Streets Passenger Hallway In 1890. Leased to the
Electric Traction Co. for 999 years from July 1 1893, dividends for the sev
eral years named below being guaranteed per share:
1st
2d
3d
4th
5th
6th
7th 8th 9th
10th A after.
$12
$12 50 $13 $13 50
$14 $14 50 $15 $16 $17
$18
STOCK AND BON DS— Miles. Date. Interest. Outstanding. Last die. A c.
45
-----Q-J
$1,875,000
See text.
Stock (par $ 50)______
Debt of Controlled Lines (assumed by Electric Traction Co.) ’
Lombard A South Sts.) 10
1881 3/4 J-D
$150,000 Dec. 1 1951
Pass. 1st M. ($500 [Interest at Real Estate T itle Insurance A Trust C o.,
A $1,000) ............cj
Trustee.
W est End Pass. R y.,1 9
1875
4 A-O
132,100 O ct. 11935
m tg .cx t. $ 1 5 0 ,0 0 0 )Phlla. Trust S. D. A Ins. C o., Trustee.
($100 A $500) - _c. j Int. at Land Title A Trust Co.
Interest on all loans payable b y Elec. T r. C o.. 421 Chestnut S t., Phlla.
The Lom bard A South Sts. Pass. Issue o f $150,000 was originally 5 % ,
but was called at maturity and then extended for 50 years from Dec. 1 1901
at 3)4 % . The W est End Pass. R y. m ort. matured O ct. 1 1905 but waa
extended for 30 years at 4 % . V . 81, p. 156.
R O A D .— Controls 80.076 miles o f track, acquired as follows;
Frankford A Southwark Passenger R a ilw a y ............................. 48.128 mile*.
Lom bard A South Streets Passenger R a ilw a y _______________ 29.692 miles.
Lehigh Avenue Railway ........................ ......................................... 5.202 miles.
(7) Germantown Passenger R ailw ay.— A trolley road.
O R G A N IZ A T IO N .— Incorporated A pr. 21 1858. Leased Oct. 1 1881
to the People’s Passenger R y . Co. for 999 years, but rental modified In
1893; stock since 1897 receives dividends yearly o f $5 25 per share.
STOCK AN D B ON DS— Par. Date. Interest. Outstanding.
Maturtt’i.
Stock $1.500,000____
$50 ____
Q-J
See text.
See text.
Stock.— Paid In $050,000; $15 per share on 20,000 shares and $35 per
share on 10,000 shares.
R O A D .— Operates 43.868 miles of track. Extension of 2,000 feet from
Hlllcrest Avenue to city line, com pleted In Sept. 1898, forms with the R oxborough Chestnut Hill & Norristown Passenger R y ., a through line to N or
ristow n.— V . 69, p. 695.
(8) Green & Coates Streets Phila Passenger R y .—
O R G A N IZ A T IO N .— Incorporated A pr. 21 1858. Leased to P eople’s
Passenger R y. for 999 years from Sept. 1 1881 at an annual rental o f $60.
000, Interest on bonds (since fallen due) and expense o f management.
STOCK AND BONDS Miles. Date. Interest. Outstanding.
Maturity.
Stock (par $50) _____
____
____
$6 Q-J
/ 10.000 sh s .] See text.
L$15 pd In.
]
Dividends are 12% per annum (Q .-J.) on par or 4 0 % on amount paid In.
Owns 7 miles o f road.
(9) liestonville Mantua & Fairmount Pass. R y .—
O R G A N IZ A T IO N .— Incorporated A pr. 6 1859. Franchise Is perpetual.
L E A S E .— Hestonvlllc M. & F. road leased from Jan. 1 1898 to Union
T raction for 999 years at a rental of 6 % on the preferred and 4 % on the
com m on stock. B y the terms o f the lease the Fairmount Park A Hadding
ton lease lsasslgned toth eU n lon T ra ction , whlchassum esthedlvldends guar
anteed on that stock (all owned by H estonvlllc Co.) The Union Traction
assumes the bonded debt o f both the Hestonvlllc and Haddington com p a
nies and purchased 4,780 shares of the preferred at par and 35,294 o f the
com m on H estonvlllc stock at $45 per $50 share. V . 66, p. 236.
STOCK AN D BONDS—
Date.
Interest. Outstanding.
Maturity.
Comm on stock, par $50------------------4 J-J
$1,966,100 f.p . Sec text
Preferred stock, par $ 5 0 ----------------6 J-J
533,900 f.p . See text
Consolidated M ., $1,250,0001 1894 5-31$gM -N *1,250,000 May 1 1924
g ., $500 A $1,000___c*x ]T ru stee, Girard Trust Co.
Guaranteed rental 999 year lease—
6 g F -A
300,000
See text
Fairm ount Pk. A H a d d ln g t o n l____
Pass. R y . St’ k, par $ 50 ./
“ Leased Equipm ent A ccou n t,” June 30 1909____
241,968
Due leased lines June 30 1903_____________________
100,000
Interest Is payable In Philadelphia, x Free o f tax.
* O f the $1,250,000 outstanding, $124,500 were Issued Jan. 1901 as 3 K s
to take up bonds of like amount o f the Fairm ount Pass. R y due at that
time and $75,000 on Mar. 1 1902, to take up a like am ount o f 2d m ortgage
6s maturing on that date.
Comm on stock authorized, 39,322 shares; preferred, 10,678 shares; par
value o f each, $50; stock outstanding as In table.
R O A D .— Owns 17.83 miles o f track In Philadelphia; leased and operated
.35 miles; total. 23.17 miles.— V . 71. p. 1167.
(10) Lom bard & South Street Passenger R ailw ay.— See Frankford A
Southwark Passenger Railway.
(11) People’ s Passenger R ailw ay.— An electric road.
O R G A N IZ A T IO N .— Chartered A pr. 15 1873. The People’s Trac. Co.
on A pr. 15 1893 acquired the entire capital stock o f this road at $70 per
share. The Traction Co. then leased the People’s Passenger R y . By a
tripartite agreement this lease was on July 1 1896 assigned to the Union
Trac. Co. for 998 years and three months. Rental Is 10% per annum on
capital stock ($2.50 per share) as below shown, nearly all of which Is pledged
or P j j p l c ’s Traction Co. trust certificates.
STOCK A N D BON DS—
Date. Interest. Outstanding
Maturity.
Comm on stock ($ 2 5 )_______ ______ 10% M -S31 o60,000 shs. See text.
Preferred stock ($25)................ ..........
10% M -S31 a23,000 shs. See text.
First mortgage ($1,000)____c. 1874 4 J-J 15
219,000 Jan. 15 1935
Second m ortgage, $500,0001 1881
5 J-J 15
285,000 July 1 1911
($1,000) .............................c .j Guarantee Trust A Safe Dcp. C o., Phila, Trus
5 M-S
246,000 M ar.l 1912
C on., M $1,125,000 (51,000)1 1882
c A r _______________________ /G uarantee Tr. & Safe Dep. C o., Phila., Trus.
a T otal stock paid In $740,905 50.
All interest at the office of the Real Estate Title & Tr. Co. The first mtge.
bonds matured Jan. 15 1905, but $219,000 o f the $250,000 were extended
as 4s to 1935. the remaining $31,000 being canceled.
Due People's T ra c
tion Co. June 30 1909 for construction and equipm ent, $5,848,595.
The stock acquired by the People s Traction Co. was pledged as security
for trust certificates. See People’s Traction.
R O A D .— Company operates 92.408 miles of track.— V . 61, p.469; V .6 3,
p. 557.
(12) People’ s Traction.— An electric road.
O R G A N IZ A T IO N . — A Pennsylvania corporation chartered In March
1803 to operate and equip with trolley the People’s Passenger R y ., the
entire capital stock of which It purchased on or about April 15 1893. In
O ct. 1895 the Union Traction Co. acquired all traction stock at $76 per
share, the Pennsylvania Co. for Insurances on Lives and Grant. Ann.
Issuing therefor Its guaranteed trust certificates. On July 1 1896 the Union
Traction Co. leased the road for 998 years and three months.
STOCK, A c.
Date.
Dividends.
Issued.
Maturity.
Capital stock ($30) ( S e e ____
See text. (200,000 shs.] ....................
t e x t ) ......................................
1 Full p a id .)]
Trust certificates gold 18931 1893
4 g F-A
$5,782,000
Feb 11943
not
subject
to ca ll\lntcrest, tax free, payable at Pennsylvania Co.
($ 1 ,0 0 0 )......... ................... ) for Insurances on Lives, A c., Phila., Trustee.
Trust certificates were Issued by I’ennsylvanlaCo. for Insurances, A c., and
are secured by pledge of People’s Passenger R y . stock (see that com pany
above) and by contract o f People’ s Traction C o., which guarantees principal
and Interest. Issue limited to $1,000 for 14 2-7 shares deposited, making
total authorized, $5,810,000. Of this, $5,782,000 arc outstanding. Slnkng fund $25,000 yearly, beginning Feb. 1 1903.
(13) Philadelphia City Passenger R y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated April 9 1850. Leased to W est Phila
delphia Passenger Railway Co. for 999 years from Jan. 1 1884 for Interest
»n bonds, $2,500 per year for organization and dividend of $7 50 per share.
Transferred under lease o f Philadelphia Traction Co. Oct. 1 1895 to the
Union Traction Co. The 1st m tge. bonds due Jan. 1 1910 will be paid on
presentation. V. 89, p. 919.
STOCK AN D BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($50)....................
$7 yi J-J J 20,000 shs. ]
See te x t.
1523.75 paid]
First mortgage extended] 1861
5 J-J
$200,000 Jan 1 1910
($500) c ............................. ) Land Title A Trust C o., Trustee.
Debentures ($500 A c )____ c j ____
5 M-S
100,000 Mch 11935
1 Interest at Land Title A Trust C o., Phila.
R O A D .— Operates 8.380 miles of track. V . 89, p. 919.
(14) Philadelphia & Darby R y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated April 28 1857. Leased to the Phila
delphia City Passenger Railway Co. for 999 years from Jan. 1 1870, for
$8,000 per annum and Interest on bonds. Transferred under lease of
Philadelphia Traction Co. O ct. 1 1895 to Union Traction Co.
STOCK AN D BON DS.
Date.
Interest. Outstanding.
Maturity.
4J J
$200,000 See text.
Stock (par $50)......................................
First m ortgage_____________ c / ____
4 M-N
100,000 May 1 1927
1 Int. at Land Title A Tr. C o., Philadelphia,Pa.
R O A D .— Operates 7.530 miles o f track.
(15) Philadelphia & Gray’ s Ferry Passenger R y .— Trolley.
O R G A N IZ A T IO N .— Incorporated April 9 1858. Leased to Philadelphia
Traction Co. for 999 years from Jan. 1 1891 at rental, first five years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share per
annum thereafter, the lessee to pay all taxes, running expenses, Ac. Oper
ated by Union Traction Co. since O ct. 1 1895. In March 1903 absorbed the
Schuylkill River Passenger R y . and Increased capital stock to $1,000,000.
V . 76, p. 654.
STOCK AN D BON DS. Date.
Interest. Outstanding. Last D ip., Ac.
Stock $1,000,000 ($50)....................
$4 J-J
J 12,350 shs. 1
S eetex t.
]a b t. $25 p d .]
DiPldendsat Real EstateTltle Ins.A T ru stC o. Owns 11.150 miles o f track.
(16) Philadelphia Traction.— A trolley road.
O R G A N IZ A T IO N .— Incorporated Aug. 22 1883 and secured control of
an extensive system o f roads In Philadelphia, Pa. (about 210 miles o f tra ck ),
which It held either by lease or ownership o f securities, not In fee. Under
the lease to the Union Traction C o., dated O ct. 1 1895, all the leases and
the securities owned were assigned to the Union C o., which assumes all
liabilities for rentals, A c.
The lease to Union Traction Co. Is for 999 years from O ct. 1 1895. The
lease provides for dividends o f $4 (8 % ) per annum on each $50 share,
payable In gold coin, free o f taxes. The collateral trust 4s are "assum ed’ ’
by the Union T raction. See V . 61, p. 663, for extracts from lease. Phila
delphia Traction stockholders were allowed to subscribe for new Union
Traction stock. See V . 61, p. 197.
Option to Exchange Bonds.— Provision has been made for the exchange
of the 4 % coll, trust bonds due 1917 of this com pany for the new Phila
delphia R apid Transit Co. 5% coll, trust bonds due Feb. 1 1957, bond for
bond. Interest to be adjusted as of Feb. 15 1909. V . 88, p. 376. Phila.
Tract, shareholders gave their assent to use of certain of tne securities of
their com pany to be pledged as part collateral for these bonds of the Phila.
R apid Transit Co. V . 87, p. 937.
STOCK A N D BON DS.
Date.
Interest. Outstanding. Maturity.
Stock $20,000,000 ($50)...............
8 A-O
$20,000,000
S e e te x t.
4 g F-A 15
455,000 A ug 15 1917
Collateral trust gold bonds] 1887
$1,300,000 ($1,000) subject lin t ., free of tax, payable at Land T . A T . Co.
to call at 105___________ c*j
or Penn. Co. for Insur. on Lives, Trustee.
Open accounts Sept. 15 1909____ __ __________ $4,064,185 _____________
The bonds are secured by deposit o f 5,100 shares o f West Philadelphia and
1,750 shares Union Passenger R y. stock. Loan, originally, $1,300,000, re
duced to present figures by sinking fund drawings at 105 (about $35,000 a
yea r). These bonds and floating debt are "assum ed” by the Union Traction
Co. under the lease.
.
Dividends—
1 ’ 85. '86. ’ 87. ’ 88. ’ 99. 90 to ’ 93 ’ 94. ’ 95. ’ 96 and since.
P e r c e n t ______ / 2
3
6
5
4
6
8
(8) 8 % per annum
Under lease, dividends o f 8 % are guaranteed. V . 61, p. 663; V .73, p.288.
R O A D .— The system assigned to the Union Traction Co. aggregated 210
miles, consisting o f the following "Passenger Railways” :
Miles.
Miles.
Union Passenger R y ___________ 52.00 Philadelphia City Passenger R y . 9.45
West Philadelphia Pass. R y ___ 27.25 17th anil 19th Streets___________ 8.84
Ridge Avenue Passenger R y ___ 15.25 22d A Allegheny________________ 8.25
Philadelphia A Darby Pass. R y.14.80 Morris A Tasker________________ 7.30
13th A 15th Streets_____ _______ 13.10 Catharine A Balnbrldge Streets. 5.10
Philadelphia A Gray’s Ferry___ 10.20 Other lines_____________________ 18.86
Continental Passenger R y _______9.80
Empire Passenger R y ____________________________________ 9,80
T otal of all_2 10.00
— V . 63, p. 311, 557: V . 65, p. 514; V . 70. p. 280; V . 71, p. 288; V . 87. p.
936; V . 88, p. 376.
(17) Ridge Avenue Passenger Ry.
O R G A N IZ A T IO N .— Consolidation of Girard College Passenger R y . and
the Illdge Avenue A Manayunk Passenger R y. on March 8 1872. Leased
to the Philadelphia Traction Co. for 999 years from Sept. 1 1892 for dividend
o f $10 per share per annum to Sept. 1895 and $12 per share thereafter.
Operated by Union Traction Co. since O ct. 1 1895.
STOCK A N D BONDS.
Interest. Outstanding. Last Dlv.,Ac.
Stock $750,000 ($50)............................. $12 Q-J 1 $750,000 1
S e e te x t.
I$28 pd. per sh]
On account o f some old debts, dividends for 1896 were continued at $10
per share Instead o f the $12 as noted above. In 1897 dividends were In
creased to $12 per share. Owns 15.25 miles o f track.
(18) Second k Third Street Passenger Ry.
O R G A N IZ A T IO N .— Incorporated April 10 1858. Leased Jan. 1 1893
to the Frankford A Southwark Passenger Railway Co. for 999 years for the
following guaranteed dividends per share per annum:
1893.
1894-95.
1866-97.
1898 99.
1900.
1901. 1902 A after.
$8 50
$9
See below.
$10
$10 50
$11
$12
Dividends In 1896 and 1897 were to be $9 50 per annum, but the dividend
for 1896 and for the first half o f 1897 was at the rate o f $9 per share Instead
of $9 50, the balance being applied to the paym ent o f the debt o f $27,000
Incurred for paving. V . 62, p. 785. The full $12 per annum, however, Is
now being paid.
This lease was assumed by Electric Traction Co. July 1 1893.
STOCK AND BONDS.
Date.
Interest. Outstanding. iMst Dip., Ac
Stock Issued 21,204 s h a r e s ] ____
T ext Q-J $771,076 pd. In. S e e te x t.
(par $50)-------------------------- ]
"Su ndry liabilities ’ ’ June 30 1909, $286,405.
(19) Seventeenth & Nineteenth Streets Passenger Ry.
O R G A N IZ A T IO N .— Incorporated April 12 1859. Leased to the C onti
nental Passenger Railway Co. for 99 years from July 1 1879 at a rental o f
$15,000 per annum, being 3 % on 10,000 shares (par $50) stock, Interest oa
bonds, taxes, expenses, A c. Transferred under lease o f Phlladelpla T ra c
tion Co. O ct. 1 1895 to the Union Traction C o.; all rights o f the Philadelphia
Traction Co. to dividends on the 10,000 shares of the 17th A 19th Streets
road, which were then held by the Union Passenger Railway Co. as trustee
and lessee, being also transferred to the Union Co. Stock all owned b y
Union Traction Co.
STOCK A N D B ON DS.
Date.
Interest. Outstanding.
Maturity.
Stock (par $ 50)_____________________
3 J-J
110,000 shs.] See text.
1 $25 paid. /
First mortgage ($500) extcn-\ 1876
5 J-J
$100,000_____ _ ______
_ _______ July 1 1919
ded ......................................c(Interest at Land Title A Trust C o., Plilla.,Pa.
Due lessee for additions July 1 1909, $554,289.
R O A D .— Owns 8.84 miles of track.
(20)
Thirteenth & Fifteenth Streets Passenger R y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated April 8 1859. Leased Jan. 1 1892 to
Philadelphia Traction Co. for following rental: From Jan. 1892 to Jan. 1894,
$9 per snare per annum: 1894 to Jan. 1897, $10 per share; 1897 to Jan.
1900, $11 per share; and from Jan. 1900 $12 per share. Lease transferred
to Union Traction Co. O ct. 1 1895.
STOCK AN D BON DS.
Date.
Interest. Outstanding.
Maturity.
Stock $1,000,000 (par $50)................
$12 J-J
($334,529] S e e te x t.
(paid In. ]
500.000 Jan 1 1034
Consols ($500,000)................ c . 1894 5 A 3 H J-J
90,000
Real estate m ortgages_______ _____
___A ____
The consols are guaranteed, principal and Interest, by the Philadelphia
Traction C o., and the coupons arc payable tax free- $ 1 0 0 , 0 0 0 o f these are
3 t$s and were exchanged for old 7 % bonds of like amount due O ct. 1 1903.
V . 77. p. 695.
Interest and dividends arc payable at office o f the Fidelity Trust C o .,
the trustee o f both mortgages.
Dividend In July 1895. $5 per share: the Jan. 1896 dividend was not paid,
owing to paym ent of city ’s claim for paving. V. 61. p. 1155. In July
1896 paid $4 per share; In 1897 $10 50 per share: In 1898, $11 per share; In
1899, $11 per share; In 1900, $11 50 per share: 1901-1907, Inclusive, $12
per share per annum. In 1908, Jan., $6; July, $6, and $1 extra (paid out
of accumulated surplus): In 1909, $12.
__
R O A D .— Owns 15 miles of track. V . 76, p. 734; V . 77, p. 695; V . 86, p.
1531.
(21) Union Passenger Railway.— Trolley road.
O R G A N IZ A T IO N .— Incorporated April 8 1864. Leased to Philadelphia
Traction Co. for 999 years from June 30 1884 at an annual rental o f $285,000,
or $9 50 per share on stock, and interest, taxes, A c. There arc outstanding
30,000 shares ($1,500,000) of stock, on which $30 83 1-3 has been paid In
on each share, or a total o f $925,000. .Stock Is considered full paid.
$302,300 of the stock Is owned by the Philadelphia Traction Co. Its lease
o f the Continental Passenger R y. was assigned to the Philadelphia T raction
Co. and since O ct. 1 1895 operated by the Union Traction Co. The Union
Passenger Railway Co. Is still holding, as lesseeand trustee, 6,100 shares
Empire Passenger R y . stock
and 10,000 shares o f 17th A 19th Streets
Passenger R y.
STOCK A N D BONDS.
Dale.
Interest. Outstanding.
Maturity.
Stock $1,500,000 (par $50)— -----$9 50 J-J
Sec text.
Sec text.
First mortgage ($100 and!
1881
5 x A -O $500,000
Mch 31 1911
$500)_____________________c ]
Not now redeemable before m aturity.
Pennsylvania Co. for Insur. on Lives. Trust.
Second mortgage $100 and]
1884
5 r A-O
250,000 Mch 31 1910
$500)_____________________c f l n t . on both loans at Land T .A T .C o .,P h ila .
Due lessee com pany for additions June 30 1909, $6,656,163.
The first mortgage 5s o f 1911 were form erly subject to call $20,000 yearly,
but bonds now bear the following endorsement: " B y a resolution o f the
Board of Directors passed O ct. 21 1884, tills bond Is not subject to redem p
tion before m aturity.”
R O A D .— Owns 56 miles o f track.
(22) West Philadelphia Passenger Ry. — T rolley.
O R G A N IZ A T IO N .— Incorporated May 14 1857. Leased Jan. 1 1884 to
the Philadelphia Traction Co. for 999 years at an annual rental of $150,000,
or 20 % on stock, and Interest, taxes. A c.; transferred O ct. 1 1895 to Union
Traction Co. The Philadelphia Traction Co. owns $392,050 of the $750,000
stock.
STOCK A N D BONDS.
Date.
Interest.
Outstanding. Maturity.
Stock (par $50)......................................
$10 J-J
$750,000
See text
First mortgage ($1,000)
\ 1876
3 J$ A -O
246,000 April 1 1956
Girard Trust C o., Philadelphia, Trustee.
gold ---------------------------------- c j
Second mortgage ($ l,0 0 0 ).c f 1886
5 M-N
750,000 May 1 1926
Free from tax.
( Pennsylvania Co. for Ins. on Lives &
I Grant, o f Annuities Phlla. Pa. Trustee
Bonds. Interest on both loans payable at Land Title & Trust C o., Phlla
dclphla. Pa. The first mortgage 6s matured April I 1906 but were ex
tended for 50 years at 3 }$ %.
I) , it-ssee for a Iditlons to June 30 1909, $2,509,460.
R O A D .— Owns 27.25 miles o f track.
INTER-ST ATE RAILW AYS.
Default.— Default of Interest on the collateral trust certificates occurred
pared by Geo. H . Earle Jr., which provides that coupons from the coll. tr.
m tge. m ay be met for a period not exceeding 5 years b y paym ent In scrip.
See V . 89, p. 225. T o further the plan, the United Power A Transp. Co.
contracted on July 12 1909 to becom e surety for repaym ent to owners of
deposited bonds and certificates of any sums which m ay be borrowed there
on during next 5 years. V . 89, p. 286. On July 23 1909 suit was brought
to prevent use of funds and securities of Un. Pow . & Transp. Co. On July
27 1909 Am er. R y s .o f Phlla. brought suit to prevent carrying out of reorgan
lzatlon plan. V . 89, p. 286. For bond deposits see V . 89, p. 348, 528, 721.
Default of Subsidiaries.— Interest due N ov. 1908 on Phlla. & Chester R y.
bonds was defaulted as well as Interest due Feb. 1909 on Southwestern St.
R y . bonds; both roads are In receivers' hands; Philadelphia Bristol A
Trenton, which had previously defaulted, was sold on Aug. 2 1909. Inter
est on all other subsidiaries was paid at latest Interest date. V . 87, p. 812,
1238; V . 88, p. 52, 295.
O R G A N IZ A T IO N .— Incorporated In New Jersey on D ec. 3 1902 with
very broad powers. Is empowered to acquire and operate railroads, to de
velop and furnish all kinds o f m otive power, to m anufacture, mine and deal
In coal, gas, oil, electricity, steam , light, heat, & c., Ac.
In Dec. 1902 obtained control o f the United Power & Transportation Co.
through purchase o f the outstanding ($3,593,750) capita) stock, on a basis
of $<i) for eacn $25 share, payable lu collateral trust oonds. $3,592,200 of
this stock has been exchanged for bonds on this basis. United Power
shareholders also had the right to subscribe or one share of Inter-State
stock for every fourteen held. The Inter-State R ys. likewise owns $175,000
Mercer County Traction Co. 5% bonds.
In Dec. 1907 stockholders were allowed to subscribe at par for $500,000
new stock (V. 85, p. 1518).
STOCK A N D B ON DS.—
Date.
Interest. Outstanding.
Maturity.
Stock $10,008,000 ($ 1 0 0 )-........................................
$ 2 ,3 0 0 ,100 f. p ................
Collateral trust gold $10,-1 1903
4 g F-A
10,776,600 Feb 1 1943
781 .25 0 -............................. c*JInt. at Real Est. Title Ins & T r.,P h !la ., Trus.
Stock was listed on the Philadelphia Stock Exchange In April 1903.
Bonds are dated Feb. 1 1903 and are secured by deposit o f United Power
A Transportation stock. T hey bear 3 % Interest the first year, 31$ % the
second and 4 % the third and subsequent years. Denominations $100,
$500 and $1,000. Are subject to call at 105 and Interest after Feb. 1 1913
on 30 days' notice.
R E P O R T .— Year ending Jan. 31—
Flsca
Dlv. Ilec’d
Other
Interest
Expenses Balance,
Year—
V.P.&Tr.Co. Income.
Col. Trust. & Taxes. Surplus.
1908-09 ____
$74,418
$431,064
$15,873
$372,519
1907-08 ___ ------- $514,155
431,064
20,418
62,683
1906 07 ____ ____ 464,855
431,060
9,614
24,181
1005-08 ________ 445,432
$56,854
431,058
31,498
39,730
1004 05 ________ 343,414
62,170
377,170
56,040
def27,635
For 12 months endl ur Dec. 31 10i 8 the underlying operating companies
earned, cross. $4 3 8,555
O F F IC E R S .— Pres., John A. R lgg.; S ec., J. W . Goodwin: Trcas., T . W .
Grooket J r..; Asst. Treas., W . A. R osen.—-V. 85, p. 1518; V. 86, p. 229,
795; V . 87, p. 614, 677, 812, 873, 1238, 1420; V. 88, p. 52. 506, 564, 624,
823, 1127, 1197, 1499; V . 89,|p. 41, 225, 286, 348, 528, 721.
UNITED POW ER & TRAN SPORTATIO N CO.— Electric roads.
Incorporated April 20 1899 under New Jersey laws to construct, operate
and own street railways, power com panies, A c., and do a general business
(V . 68, p. 929). In Dec. 1902 stock was acquired by Inter-State R ys. C o.,
which see Immediately above.
In Sept 1909 owned the following stocks and bonds. W e show also the
total amounts outstanding of each Issue. It will be observed that the
Citizens’ Elec. Light & Power Co. bonds and stock no longer appear In the
list, having been sold; nor the Reading Power Co. stock. The Phlla. Bristol
A-Trent*n R y . has also bccrUsold.
Total
Owned.
Stock
Stocks—
Shares. Shares.
6,000
Delaware County & Philadelphia Electric R y _____________ 5,993
Edison Electric Illuminating Co. o f Lebanon, P a _________
9,993
10,000
llolincsburg T acony & Frankford Electric R y . C o________ 14,092
15 000
Lebanon Valley Street R y . C o_____________________________ 9,991
10,000
Media Glen Riddle & Rockdale Electric Street R y _________
1,631
1640
Philadelphia A Chester R y _______________________________
6,992
7 000
Reading & Southwestern R y ..................................
1,142
2 ’000
R oxb oro Chestnut Hill & Norristown R y . C o______________
4,938
4 ’o68
Schuylkill Valley Traction C o..........................
9,990
10 000
Southwestern Street R y ....... ................... ................................... 7,995
8 000
Trenton Street R y ............................................................
19,063
20,000
Trenton Traction C o...........................................
18
17.810
United Traction Co. o f Reading, P a ----------------------------------- 7,991
8,000
Wilkes-Barre & W yom ing Valley T ra ction .............................. 49.989
50.000
40,000
W ilm ington & Chester T raction.................................................. 39,093
W ilm ington City E lectric............................................................. 5,093
5,100
W ilm ington A Great Valley Turnpike C o...............................
074
1,040
W ilm ington A Philadelphia Turnpike.......................................
1,035
1,200
W ilm ington A Christiana Turnpike C o.....................................
644
680
Bonds—
Philadelphia & Chester R y . Co. 1st m tge., 5 % ......................
9,000 350,000
Schuylkill Valley Traction C o., Inc. m tge........................... 100,000 100,000
STOCK AND BON DS.— Stock authorized. $12,500,000; shares $25, full
paid. In March 1902 the outstanding stock was Increased from $3,125,000
to $3,593,750 (V. 74, p. 682), the additional shares belngsold to stockholders
at $35 per $25 share. Bonds. 4 % collateral trust certificates, are In two
scries, which we have marked (a) and (&) below. [Stock and bonds listed
on Philadelphia Stock Exchange.)
(a) Under a trust agreement between the United Power & Transporta
tion Co. and the New York Trust C o., trustee, dated May 1 1899 (under
which $7,989,339 United Railways Gold Trust Certificates have been Is
sued by the said trust com pany as trustee), the United Power A Trans
portation Co. has deposited with said trust com pany 19,953 shares Trenton
Street Railway C o., 39,993 shares W ilm ington & Chester Traction C o.,
14,992 shares Holmcsburg Tacony A Frankford Electric Railway C o.,
7,991 shares the United Traction Co. o f Reading, Pa.. 5,089 shares the W il
m ington City Electric C o.. 9,800 shares the Edison Elec. 111. Co. o f Lebanon,
P a ., 6,000 shares the Citizens’ Elec. L t. & Power Co. of Delaware C ounty,
P a ., and 49,989 shares the Wilkes-Barre A W yom ing Valley Traction Co.
(ft) Under a trust agreement between the United Power & Transporta
tion Co. and the Real Estate Title Insurance & Trust Co. o f Philadelphia,
dated May 1 1899 (under which $998,950 United Railways Gold Trust Cer
tificates have been Issued), the United Power A Transportation Co. has d e
posited with the said tnist com pany, as trustee, 5,993 shares Delaware
County & Philadelphia Elec. R y . Co. Under the above agreement an a d
ditional amount o f $1,107 o f certificates will be Issued upon deposltwlth
the trustee o f the remaining shares o f the capital stock o f the Delaware
County A Philadelphia Elec. R y . Co.
The principal o f both series (which are In $100, $500 and $1,000 pieces)
Is due at option o f holder on July 1 1949 and thereafter on any Jan. 1 or
July 1 at the option of the United Power & Transportation Co. For both
scries, also, the semi-annual Interest (J. A J.) and the principal arc payable
In gold coin, free o f tax , at the office of the Real Estate Title Insurance &
Trust Co. o f Philadelphia, trustee.
D IV ID E N D S .— On Jan. 20 1900 a dividend o f 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 1904, Jan. 16, $2 66; In
1005, Jan. 24, $2 39; In 1906, Jan. 26, $3 10; In 1907, Jan. 24, $3 20: In
1908, Jan. 30, $3 31; none since.
R E P O R T .— For years ending Dec. 31:
Calendar
From
Interest, Taxes, Dividend Balance.
, „ Fear—
Investments, on 4s.
&c.
Paid. Surplus.
.........................................$688,285 $359,524 $3,275 none $325,486
.......................................... 840,119
359,524 4,586
475,812
197
359,524 4,496
460,000
1
}®06 ......................................... 824,021
1005 ....................................... 809,719
359.522
4,563
432,680 12,954
E A R N IN G S .— Of all electric light and railway companies controlled
for~?,e
,?J‘„ cndln& D ec- 31 1808, gross, $4,378,555.
O F F IC E R S .— Pres., John A. Rlgg; S ec., J. W . Goodwin; Treas.. T . W .
G rookett Jr.; Asst. Treas., W . A. Rosen; Counsel, R. L . Jones. General
offices. Mariner & Merchant Building, Philadelphia.— V . 82. p. 220;
V . 84, p. 272; V . 86, p. 338; V . 88, p. 54, 376; V . 89, p. 287.
(1) Delaware County & Philadelphia Electric R y .— A trolley road.
>f (i P G^ N IZ A I I O N — ^Ricorporated May 11 1892. Completed from
Media, P a., to Baltimore Avenue, Philadelphia. In Jan. 1895; connects with
the Chestnut A Walnut Street cars o f the Union Traction system . In May
the United Power & Transportation Co. acquired the road, paying $150 per
share for the stock in Its 4 % trust certificates secured by a deposit o f stock.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
$300,000
See text.
S tock, $500,000, a u th orized .. - ...........................
First m ortgage, $64,000........../ 1893
6 J-J
64,000 July 1 1 9 1 3
_____________
[Interest at Girard National Bank, Phlla.
D IV ID E N D S .— Paid In dividends: In 1899-1900, $36,000; in 1900-01,
$27,000; In 1901-02, $21,000; In 1902-03, $21,000; In 1903-04, $21,000; lm
. 90,4;2 ^ ’ * 21-°00: In 1905-06, $21,000; In 1906, $21,000; in 1907, $21,000;
1
In 1908, $21,000.
R O A D .— Owns 12 miles of track. Ralls. 80-lb. T and girder.
. „ ? ^ „ Il N.r N GS'- ~ For Fear ending Dec. 31 1908, gross, $108,234; net.
rest. taxes. A c.. $6,636; dividends, $21,000; bal sur., $1.
. O M IC E R S.— Pres., John A . Rlgg; Sec. and Treas., T . W . Grooket J r.
(2) H olm csburg Tacony & Frankford Electric R y .— A trolley road.
a
rec^ ln 1899 by United Power & Transportation Co. Paid S35 In
4 /o trust certificates for each $50 share o f the Ilolraesburg Co.
O R G A N IZ A T IO N .— Incorporated Sept. 29 1890. Opened O ct. 6 1895.
Guaranteesprin. and Interest on $650,000 flrstm ortga g ebon d sof theP hlla.
Brlsto1 & Trenton Street R y .. Sept. 1908 Interest on which Is In default.
V . 87, p. 677.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
$750,000
See text.
Stock, $800,000 (par $50)....... ................................
First morgtage, $400,000, g / 1895
5 g M-N
400,000 May 1925
($1,000 and $500)----------c * lln t . at Real Estate Title Ins. & T r. C o..T rus.
R O A D .— T otal track owned, 16.18 miles: track leased. 1.11 miles.
E A R N IN G S .— Year ending Dec. 31 1908, gross, $118,702; net, $34,905
in t., taxes, rentals, & c.. $27,401; divs., $27,500; surplus, $4.
O F F IC E R S .— Pres., John A . Rigg; Sec. and Treas.. T . W . Grooket, Jr.
— V . 87, p. 677.
(3) Lebanon Valley Street R ailw ay.— A trolley road.
O R G A N IZ A T IO N .— Incorporated on June 28 1899 as a consolidation o f
the Lebanon & Annsvllle Street R y . and the Lebanon & Myerstown Street
R y . The United PowerA Transportation Co. owns 9,991 shares out of
the 10.000 shares o f the capital stock.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
$500,000
See text.
S tock, $500,000 (par $50)....... ................................
First mortgage 10-30s, g o l d - .f 1899
5 g J-J
500,000 July 11929
[In t. at Real Estate Title Ins. A T r.C o., Phlla.
R O A D .— Owns 24 miles of track.
E A R N IN G S .— For year to Dec. 31 1908; gross, $103,131;Jnet,*$32,560;
nterest, taxes, A c.. $27,558; dividends, $5,000; balance, $2.
'
O F F IC E R S .— Pres., John A . Rlgg; Sec. and Treas., T . W . G rooket Jr
(4) Roxborough Chestnut Hill & Norristown R y .— A trolley road.
The United Power A Transportation Co. owns 4,938 out o f the 4,968
shares of the capital stock. In Jan. 1902 was leased for 950 years to the
Schuylkill Valley Traction at a rental o f $4 50 per share, payable seml-ann.
O R G A N IZ A T IO N .— Incorporated Dec. 2 1895.
In 1898 leased the
Wlssahlckon Electric, 3J$ miles, for 999 years; rental to be 2 % on the
$145,800 stock for the first two years. 3 % for the next six years, 4 % for
the next seven years and 5 % for the rest o f the term . Also owns the
$250,000 stock of the Trappc A Limerick Electric Street R y . and leases that
com pany for 950 years. Comprises 22 miles o f track. In June 1896 filed a
mortgage for $450,000 to the Real Estate Title Insurance A Trust C o.,
Philadelphia, securing 5 % gold bonds ($1,000) J. A D ., due June 1 1926.
Issue reduced to $396,000, of which $371,000 was outstanding In Sept. 1909.
Capital stock Issued, $248,400; par. $50.
Earnings are included In the Schuylkill Valley Traction Co. P res., J . A .
Rlgg; Sec. and Treas., T . W . Grooket Jr.— V . 62, p. 1042.
(a) Trappe & Limerick Electric Street R y.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on July 25 1899
Was leased on Dec. 31 1901 to Roxborough Chestnut Hill A Norristown R y .
for 950 years.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $250,000 ($50)______________
_______
$250,000
4 t$ g J-J
250,000 July 1 1931
First mortgage, $250,000, g / 1901
($1,000) ........................ - .c * l Int. at Real Estate Title Ins. A Tr. C o., Phil.
Bonds.— Are guar., p. A 1.. by R oxborough Chestnut Hill A Norristown.
O F F IC E R S .— Pres., John A . Rlgg; Sec. and Treas., T . W . Grooket, JJr.
Mgr., Geo. Hoeger.
(5) Schuylkill Valley Traction.— Trolley.
The United Power A Transportation Co. has acquired $499,500 o f the
$500,000 capital stock and the entire $100,000 Income bonds.
O R G A N IZ A T IO N .— Incorporated In Sept. 1893 as successor to the Nor
ristown Bridgeport A Conshohocken Traction Co. Since Jan. 15 1895 has
controlled and operated the Conshohocken R y ., the Montgomery County
Passenger R y ., the Citizens’ Passenger R y ., the Collegevllie Electric Street
R y. and the Norristown Passenger R y. The corporate existence of the
several companies Is to be maintained, but their bonds will be taken up
as rapidly ns possible.
In Jan. 1902 leased for 950 years the Roxborough Chestnut Hill A Norris
town R y ., Including that com pany’s leases of the Wlssahlckon Electric
Passenger R y . and the Trappe A Limerick Electric R y.
STOCK AN D BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock. $ 1 ,0 0 0 , 0 0 0 ($50)......... ..................................
$500,000
First mortgage, $400,000, gf 1895
5 g F-A
245,000 A ug. 1945
($ 1 ,0 0 0 )----------------- ---------c lln t . at West End Trust C o., Phlla., Trustee.
Incom e m ortgage, $100,000/ 1899
5 ann.
100,000 Aug. 1 1949
($500) ................................. [W est End Trust C o., Philadelphia, Trustee.
Of the $500,000 first mortgage dated 1895, $100,000 has been retired and
destroyed, $75,000 has been reserved to take up like amount o f the Norris
town Passenger R y . bonds and $80,000 to retire the Citizens’ Passenger R y .
bonds.
The securities of the subsidiary companies are as follows, Including both
those held by the public and ny the parent com pany.
C OM PAN Y, A c.—
Miles.
Interest.
Issued.
D lv .o r M a t.
Citizens'Passenger R y s to c k -- 6>i
_______
$79,520fp 2 /$ J a n '0 9
First mortgage, $80,000, g o l d / ____
5 g F-A
80,000 Feb. 1 1925
guaranteed________________\ Subject to call at 105 Feb. 1 1905.
Conshohocken R y stock______
5H
_______
145,900
______
First mortgage, guaranteed/ 5J$
5 g J-J
See text.
July 119 2 4
principal and Interest— \ Subject to call at 105 July 1 1904.
Montgomery Co Pass R y stock. 1 >$
----------15,000
______
First mortgage, gold ----------1 >$
6 J-J
See text.
1924
Norristown Pass R y stock ------ 4>$
75,000 $2.66 J in ’ 09
First mortgage-------------------- 4
6
J-J
75,000 1923
Bonds.— The Conshohocken R y. bonds ($100,000) and the M ontgomery
County Passenger R y . Issue ($15,000) are held b y the Schuylkill Valley
Traction Co.
R O A D .— Operates 60 miles o f track, Including lines o f above-m entioned
com
s i i i also <■
>
r u 1 : t‘ " stn
Hill & Norristown.
E A R N IN G S .— For fiscal year ending Dec. 31 1908, gross. $348,903; net
$64,002; Int., taxes, rentals, A c., $103,630; deficit, $39,628. V. 70, p. 281.
O F F IC E R S .— Pres., John A . Rlgg; Sec. and Treas., T . W . Grookett Jr.
(6) Trenton Street R y.— Trolley. The United Power A Transportation
Co. owns 19,963 out of the 20,000 shares o f stock.
O R G A N IZA T IO N .— Formed June 29 1898 by consolidation o f the T ren
ton Passenger R y ., Mulberry Street Passenger R y ., Pennington Avenue
Passenger R y. and Ewing Passenger R y .
On June 19 1899 the Mercer County Trac. Co. was formed with a capital
o f $100,000 and authorized bonds o f $300,000, o f which $285,000 are ou t
standing, to enable the Trenton Street Railway Co. to build ao extension of
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
11.42 miles Into Princeton and In city of Trenton. Entire stock and
T e x t.
$5,000,000
See text
5130,000 of the bonds are owned b y the latter com pany. Is operated as a Stock (par $100).................. . . . ........
1st m tge, $1,500,000, gold) 1891
5 g A-O
1,500,000 April 1 1921
part of Trenton Street R y . system . In June 1903 acquired entire capital
(5 1 ,0 0 0 ).............................c* /ln te re st at P rovident Life & Tr. C o., Phlla.
stock (5250,000) of the Trenton Pennington & Hopewell Street R y .. which
5 g J-J
293,000 Jan. 1 1925
It also leases, and whose bonds It guarantees, p. & 1. Also on May 1 1906 Collateral trust and m ortgage,/ 1895
$325,000, go ld ....... ...............(In t. at Anthracite Sav. B k.. Wllkesbarre, Tr.
leased the property and franchises o f the Trenton Hamilton & Ewing
tllntnnnl
and m tge,
o
_ "l
230,000 DCC 15 1022
5 rr T T
g J-D
_____
1902
Traction Co. for 999 years and guarantees Its bonds, principal and Interest. Collateral trust and mf iw gl 1DA9
($1,000), $250, 0 0 0 . x I c * / Int.at Real E st.,T itle,In s.A T r.C o.,P h lla .,T r
Date.
Interest. Outstanding.
Maturity.
STOCK A N D B ON DS—
Unaeriylng Bonds on Roads Purchased—
________
51.000,000 See earnings Wllkesbarre & Suburban b o n d s ____
Stock, 51,000,000 (par 5 5 0 ) - .. ____
4%
40,000 July 1.1918
60,000
1910-1915 Wllkesbarre & W Side bonds..............
Trenton Passenger first m tg e.l
5%
35,000 Sept 1 1918
(510,000 due yrlySep.30
51,000.000, gold (51.000)
Guaranteed Bonds—
150.000 1916-1925
each) __________________ c*
P itt St Car 1st M ($1,000), g ,l 1803
6 g J-D
176,000 D ec 1 1918
6 g A -0
(515,000 due yrlySep.30
Interest at National Mechan 1891
p & 1 unconditionally g u - c * /ln t . at Real Estate Tr. C o., P hlla., Trus.
100.000 1926-1930
ics Bank, Trenton, N . J . . .
Plym outh Br Co 1st gold M,\ 1894
5 g A -O .
131,000 Oct 1 1924
(520,000 due yrlySep.30
$150,000, guar prln & l n t - ./l n t . at Anthracite Sav. B k., Trustee, W ilkes.
650.000 S ep .30 1931
$10,000 subject to call In 1904 and $3,000 yearly thereafter.
1.040,000 July 1 1938 Wllkesbarre & K in g s t o n ..................
5 g J-J
Consolklated mortgage, gold 1898
5 F-A
00,000 A ug 1 1918
,000,000 (51,000)____c* Interest In Trenton and at Real Estate Title W llkesbarre & East Side R y ..............
5
150,000 See(1!)below
Ins. & Tr. C o., Phlla; Girard Tr. C o., Trus.
Bonds.— Interest on the Wllkesbarre & Kingston bonds reduced to 5 % In
Trenton Pennington & Hopei 1903
5 g J -D
350,000 June 1 1943
A ug. 1903 and bonds extended to A ug. 1 1918. Int. on the Wllkesbarre &
first m ortgage, 5350,000, [Interest at Fidelity Trust C o., Newark, Trus. Suburban bonds reduced In 1903 to 4 % and bonds extended to July 1 1018.
gold, guaranteed__________j Guaranteed prln. & Int. by Trenton S treetR y
The W ilkesb. & W yom ing Valiev collateral trust bonds of 1902 are subject
Trenton Hamilton & E 1st MJ 1905
5 g M-N
350,000 N ov. 1 1955 to call after 10 years at 105 and accrued Interest.
5500.000 (51,000) g o ld -.c * lI n t . at Real Est. T . Ins. & T r.C o .,P h lla .,T r .
Dividends.— In 1896, Jan., 1 % ; July, 1 %; In 1897, Jan., 1 % ; In 1898,
Jan ., 1 % ; In 1899, Jan., 1 %; In 1899-00, 3 % ; In 1900-01, 3 % ; In 1901-02,
B o n d s.— 5970,000 consolidated 5s o f 1898 are reserved to retire first 6s.
444 % : in 1902-03, 3 ; in 1903-04,
R O A D .— Owns and controls by lease about 72 miles of track. The new In 1906-07, 3 % ; In% 1907-08, 3 % . 3 % ; In 1904-05, 3 %; in 1905-06, 3 %;
tracks have 90-lb. Johnson girder rails. An extension from Yardvllle to
R O A D .— Comprises 71 miles o f track.
Crosswicks and Allentown Is to be built.
COM PAN IES C O N T RO L L E D IN S Y S T E M .— The following table shows
E A R N IN G S .— Year ending D ec. 31 1908, gross, 5528,563; net. 5238,847;
the several com panies operated, their mileage, capital stock, and the am ount
Interest and taxes, 5178,916; balance, 559.931; dividends paid, 559,928.
of It owned by the Traction Company, their debt, and finally the rental p a y
O F F IC E R S .— Pres., John A . Rlgg; Sec. and Treas., T . VV. Grooket Jr.; able under 999-year leases; 6 % here meaning 6 % on the oustandlng capital
Gen. M gr., Peter E. H urley.— V. 68, p . 284, 475; V . 81, p. 1175.
stock; and $1 meaning a nominal rental, the com pany having only a nom i
nal existence.
(7) United Traction (of Reading) —
----- -Stock.-----In 1899 control acquired by the United Power & Transportation C o.,
Miles. Issued.
Owned.
Name of Company.
Debt. Rental.
which holds 7,991 out of the 8,000 shares of stock. Stockholders were given Coalville Passenger R ailw ay___5.67
$62,400 $36,300
None
6%
575 In 4 % collateral trust bonds o f the Power & Transportation Co. for Nantlcoke Street R ailw ay_____ .9.68
6,000
9.68
6,000
None
$1
every 550 of United Traction Co. stock held, with right to subscribe for P lttst. Mooslc & P. V . St. R y . . 1.95
42,000
42,000
None
$1
Power & Transportation stock.
.
PIttston Street Car--------------------- 8.82 200,000 200,000 $176,000
12,000
None
12,000
6.00
'$ i
O R G A N IZ A T IO N .— Incorporated on Dec. 17 1895 In perpetuity to con Plym outh Street R ailw ay______ .6.00
30,000
None
30,000
51
trol the Reading Traction, leased on Jan. 1 1896 for 900 years. Owns the W est PIttston & W yo. St. Car .. 2.25
5.00 150,000 150,000 *150,000
stock of the M etropolitan Elect. Co. (with whom It has a power contract) the 'IWllkesbarre & East S id e-------- .5.00
99,700
90,000
6%
Oley Valley R y. C o., the Neverslnk Mtn. R y ., Front & Fifth St. R y. Co. and W ilkesb. & Klngst. Pass. R y . . . 6.60 100,000
93,500
*40,000
.10.00 100,000
6%
10.00
BIrdsboro St. R y. Co. The Front & Fifth St. R y. Is leased for 999 years W ilkesb. & Suburban St. R y — .13.01 200,000 193,750
(a)
150,000
from July 1 1903 for Interest on 530,000 bonds and the BIrdsboro Street R y. W ilkesb. Dallas & H arvey’s L . . 13.01
92,450
0%
. 9.63 100,000
*35,000
Wllkesbarre & West Side............9.63
for 999 years from Jan. 1 1904 for Interest on the 5250,000 bonds.
75,000
134,000
—
75,000
On Aug. 1 1901 the United Traction leased the Reading & Southwestern P lym outh Bridge Co
R y. of 7
miles for 999 years, for Interest on 5100,000 bonds and 12 % on
H Entire stock and bonds deposited under collateral trust of 1895.
the 5130.000 capital stock. Also leases the Adam stown & Mohnsvllle
♦Entire amounts owned by the W . & W . Valley T rac., with the excep
Electric R y . for 999 years from Jan. 1 1905, paying as rental 37 44 % o f the
tion o f the Wllkesbarre & W est Side, o f which only $23,000 Is owned.
gross receipts, but not In excess o f 525,000. S tock, 575,000.
a Dividends In this case are dependent upon earnings.
On Aug. 1 1906 leased the Boyertown & Pottstown Street R ailw ay Co.
E A R N IN G S.— For year ending Dec. 31 1908: Gross, 51,015,547; net,
(com pleted May 1908) for 995 years for interest on bonds and 5% on
stock, 5 72,700,all o f which stock Is owned. Also owns the stock o f the $325,083; Interest, rentals and taxes. 5175,080; dividends, $150,000; surpuls, $3.— V. 66. p. 285; V. 68, p. 830, 1134; V. 69. p. 29.
P ottstow n & Northern St. R y . Co.
(9) Wllkesbarre Dallas & H arvey’ s Lake R y .— The Wllkesbarre & W y o
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity. ming Valley Traction Co. owns 3,875 out o f the 4,000 shares.
S tock, 5400,000 (par 550)........................................
5400,000 f. p.Sce erngs
O R G A N IZ A T IO N .— A reorganization In 1898, per plan In V. 66, p. 1190,
First M coll trust gold, 5130.-/ 1896
5 g J-J
149,900 Jan. 1 1 9 2 6
o f the Wllkesbarre & Northern R R ., sold b y Sherlfi In Sept. 1898. R oad ,
000 (par 5100 & $1,000) .c * l Real Estate Title Ins. & T r., Phlla., Trustee. partly constructed, was com pleted and electrically equipped by new com
Oley Valley R y first m tg e,/ 1901
4 44 g J-J
250,000 July 1 1931 pany from Luzerne, P a ., there connecting with Wllkesbarre & W yom ing
5250.000 gold (5 1,0 00 )_.c*l Int. at Real Est. Title Ins. A Tr.C o.,Phlla.,Tr. Valley Traction to H arvey’s Lake, P a ., 13.01 miles.
STOCK A N D B ON DS—
Date.
Interest. Outstanding.
Maturity.
Front & Fifth St R y first m tg / 1903
5 g J-J
50,000 July 1 19 3 3
_______ _______________
$200,000 See earn’ gs.
550.000 g (5100& 5500) _c*\Int. at Colonial Trust Co., Reading, Trustee. Stock, $200,000 ($50)
1st m ortgage, $150,000, gold) 1898
5 g M-S
150.000 Sept 15 1928
Adam & Mohn first mortgage) 1904
5 g J-J
75,000 Jan. 1 1935
575,000,
gold (5 1 ,0 0 0 )..r* l Int. at Colonial Trust C o., Reading, Trustee. (5500) _________________ c * /ln t . at Anthracite Sav. B k.. W ilkesb., Trus.
E A R N IN G S .— For year to Dec. 31 1908: Gross, 562,627; net, 514,321;
BIrdsboro St R y M, 5250,000/ 1904
5 g J-J
250,000 Jan. 1 1934
n t., taxes, & c., $9,304; dividends, $5,000; surplus, $17.— V. 69, p. 133.
gold (5500 & 51,000)..........c lln t . at Colonial Trust C o., Reading, Trustee.
Boyer & Potts St R y 1st M J 1906
5 g F-A
3 0 ',0 0 0 A ug 1 1936
(10) W ilm inglon & Chester Traction.
$300,000($500& $1,000)g.e*l Int. at Colonial Trust C o.. R ead in g ,P a ., Trus
United Power & Trans. Co. owns 39,993 out o f 40,000 shares o f stock.
Met Elect Co 1st M 55,000,-1 1909
5 A-O
2,000,000 April 1 1939
O R G A N IZ A T IO N .— Incorporated March 1898. Controls street railway
000 g (5500 & 5 1 ,0 0 0 )...c* /G Ira rd Trust C o., Trusteo.
lines In W ilm ington, D el., and Chester, P a ., com prising with leased lines
Bonds.— Collateral trust bonds subject to call at par after 3 years. Int. about 71 miles of track. It controls the line from Chester to Media, also the
at com p a n y’s office. The BIrdsboro Street R y . bonds may be called begin line to Darby, where connection Is made with the Union Traction C o.’s line
ning Jan. 1 1914 at 105. The Front & Fifth St. bonds are redeemable on to Philadelphia. In 1898 acquired all the stock o f the W ilmington City
July 1 1913 at 105. They arc guaranteed, principal and Interest, by en R y. ($519,930) and o f the Chester Traction Co, ($500,000), both of which
dorsem ent. The Adam stown & Mohnsvllle bonds are redeemable on Jan. 1 are deposited under the coll. tr. m tge. o f the W ilm ington & Chester Trac.Co.
1015 at 105. The Boyertown & Pottstown bonds can be called A ug. 1 1916 Also owns $50,000 stock of the Chester & Delaware St. R y. The Wilming
only at 105. Guar., p. & 1., b y endorsement b y United Traction. Of the ton City R y. leased June 301906 the W ilmington & Edgemoor Electric R y.
52.000. 000 Met. Elect. Co. bonds reported outstanding above, $150,000 tor 999 years. The Chester Trac. Co. holds all the stock of the Union R y
were used to retire an equivalent amount of bonds subject to redem ption C o., $100,000; Chester & Media stock, $35,000; Chester Darby & Phlla.
on Oct. I 1909. 53,000,000 are reserved for additions. Subject to call stock, $65,000: total, 5200,000. The Chester Trac. pays as rental (besides
as a whole after April 1 1914 at 110 & Int. S. f. of 1% of bonds out becomes Int. on bonds) 6% on the $100,000 stock o f the Chester & Media and on the
operative from 1914-1919; 144% from 1919-1928; 2 % from 1928-1938. 5100,000 stock of the Chester Darby & Philadelphia.
Bonds are guar, b y Un. Trac.
Strike.— On Its line In Chester had to contend with a strike from April 13
R O A D .— Operates 91 miles o f track (Reading Traction, 4144 miles, to N ov. 23 1908. V. 87, p. 1418.
STUCK AND B O N D S —
Date.
Interest. Outstandirw.
Maturity.
R eading & W om clsdorf Electric, 15 miles), In and between Reading, W o1907,4%
m clsdorf, Black Bear and Stony Creek: Reading & Southwestern, 7 44 miles. Stock $2,000,000 ($50) fu llp d . Listed on Phlla. E x$2,000.000
Coll trust " ild
5 4 .0 0 0 .0 0 0 ! 1 8 9 8
5
V-O
2,305,0'H) Anri1 1 1918
E A R N IN G S .— Year ending D ec. 31 1908, gross, $830,176; net, $250,177;
($500 and $1,000 each) - .c * /P ro v id e n t Life & Trust C o., P hlla., T nistee,
Interest, taxes, rentals. & c., $229,182: dividends, $20,000; surplus, $995.
Securities of Subsidiary Lines (not owned) —
— V . 76, p. 1086, 1302; V . 87, p. 873, V . 88, p. 296.
Wll City 1st mtge, $600,000,' 1891 4 g M-S
600,000 Sept 1 1911
gold ($500 e a c h ) . . . ......... c j/n f . at E qult. Guar T r. C o ..W ilm ington, Del.
Controlled by United Traction Co.
250,000 May 1 1914
Chester Traction 1st m tge,) 1894 5 g M-N
(a) Reading Traction.— A trolley road.
gold, $250,000.................. c * /I n t . at D el.C o.T .S.D .& T .In s.C o.,C hester,T r.
Leased to Chester Traction—
O R G A N IZ A T IO N .— Chartered March 9 1893 to operate the Reading r ity
Passenger R y . and East Reading Passenger R y ., which It equipped with Union R y Co 1st mtge, gold
($500 and $ 1 , 0 0 0 ) .. .......... c 1893
5 g J-J
200.000 Jan 1 1913
electricity and leased for 99 years, the former from April 1 1893, and the
150.000 rental 1 0%
10 J-J
latter from May 1 1893. On O ct. 1 1894 leased the Reading & Tem ple Chester St R y stock ($ 50 )------ . . . .
100.000 July 1 1913
5 g J-J
Electric R y. for 99 years. On Dec. 20 1895 leased the Reading & W om cls Chester & Media El R y, g o l d .. 1893
125.000 July 1 1913
5 g J-J
d o rf Electric R y . for 99 years; also owns that com pany’s capital s to ck , Chester D arby & Phlla. g o l d .. 1893
Leased to Wilmington City R y.—
5500.000. The Reading Traction was leased on Jan. 1 1896 to the United
_
_
5 g J-D
400.000 June 1 1946
Traction for 900 years at a rental o f $10,000 annually for first three years, Wllmlng & E dgem oor 1st M l 1906
$400,000 ($1,000), g . . . c * / . r . t . at Real Estate Title Ins. & T r., Phlla. ,Tr.
$20,000 for next tw o, years and $30,000 thereafter.
The W ilmington & Edgem oor bonds are guar, as to both principal and
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity. Interest by the Wilmington City R y.
. _
,
,.
J-J
$1,000,OOOJ’ly'OO.l 4 4 %
Stock, $1,000,000 auth ($50)_______
Interest on Chester Traction, Union R y .. Chester Street R y ., & c., payable
First m tge, $600,000 gold guj 1893
6 g J-J
500,000 Jan. 1 1933 at Delaware County Trust C o., Chester, P a ., and Interest upon all the latter
Not subject to call........... c*) Provident Life & Trust C o., Phlla., Trustee.
guaranteed by Chester Traction Co.
Interest Is payable In Philadelphia at Bank o f North America and In
Bonds.— $1,695,000 coll. tr. 5s of 1898 reserved to retire underlying securi
Reading at the office of the com pany and Colonial Trust Co. Bonds are ties and guar, stock. Ronds sub. to call at 103 after April 1 1914. W ilm ing
listed on the Phlla. Stock Exchange. V . 88, p. 749.
ton City bonds were sub. to call on Sept. 1 1901 but Int. reduced from 5 %
Dividends.— In 1 0 0 0 . 2 % ; In 1 0 0 1 . 2 t< % : In 1902-1908 Inclusive. 3%
to 4 % and right to call canceled.
per annum; In 1909, Jan ., 1 44%: July, 1 % % .
E A R N IN G S.— For year to Dec. 31 1908; Incom e from securities owned,
$115,365: Int., taxes. & c., $117,445; deficit. $2,080.
L E A SE D LIN ES SE C U R ’S. Date.
Interest. Outstand'g. LastDlv.,&C.
Reading City Passenger R y —
O F F IC E R S .— Pres., John A . Rlgg; Sec. and Treas., T . W . Grooket Jr.
Stock (see below) (par $ 5 0 ) . -----J-J
$350,000 See text.
— V . 68. p. 620, 929: V. 86, p. 230.
East Reading Electric R y —
(11) Philadelphia & Chester R y — A trolley road.
J-J
100,000 See text.
Stock, full paid (par $ 50 )..............
Receivership.— On N ov. 2
Philadelphia,
5%
25,000 July 1 1937 Isaac H. S'lverman receiver1908, Judge Holland at b y the United appointed
Bonds, $ 2 5 ,0 0 0 .................. 1897
on application made
Power &
Reading & Tem ple Electric R y—
Transportation Co. V . 87, p. 1238. Interest due N ov. 1 1908 Is In default,
7 A-O
73,700 See text.
S tock, $75,000, guar______ _____
and Judge Holland
S. Circuit Court
on
5 A-O
73,700 Oct 1 1924 ordered foreclosure. In . the U. 1314. R oad Is to at Phlla.Dec. May 14 1909
1st m ortgage, $75,000_____ 1804
V 88, p.
be sold
10 1909, sale
5 g J-J
400,000 Jan 1 1925 having been postponed twice. V . 89, p. 42, 225, 779.
Reading & W om elsd Elec R y ) 1895
1st m ortgage, $400,000.[R ea l Est. Title Ins. & T r., Phlla., Trustee.
$349,600 of the $350,000 stock o f the Philadelphia & Chester R y . Is
gold ($100, & c)................ c*J Int. at Colonial Tr. Co. o f Reading, Pa. owned by the United Power & Transportation Co.
Dividends on Leased Line Stocks.— The Reading C ity Passenger stock
STOCK AN D B ON DS—
Date.
Interest. Outstanding.
Maturity.
received dividends, 1896 to 1899, Inclusive, 1 0% : 1900 and thereafter 12% . Stock, $350,000 ($50) — ......... ................................
$350,000 ___________
East Reading stock received dividends: 1896, $6,500; 1897 to 1900, Inclu 1st mortgage, $350,000 ($500\ 1900
5 g M-N
350,000 N ov 1 1030
sive, $7,000; thereafter, $8,000. Reading & Tem ple E lectric pays 7 %
and $1,000), go ld ----------c* j Int. at Finance Co. o f Penn. P hlla., Trustee.
annually In dividends, A . & O.
Bonds cannot be called.
E A R N IN G S.— For year ending Dec. 31 1907 were: Gross, $35,475; net,
R O A D .— Owned and leased 56 44 miles o f track, Including the Reading
$4,259; Interest and taxes, $19,273; bal.. d ef., $15,014.
& W om elsdorf Electric R y. V . 64, p. 177; V . 88, p. 749.
R O A D .— Owns and operates 8.83 miles of track from Philadelphia to
(8)
Wllkesbarre & Wyoming Valley Traction.— Tho United Power Chester and from Esslngton to Moore’s Station.
&
O F F IC E R S .— Pres., J. A. Rlgg; Sec. and Treas.. T . W . Grooket Jr.;
Trans, owns 49,989 out of the 50,000 shares of stock.
O R G A N IZ A T IO N .— Incorporated Feb. 9 1891; controls street railway V . 87, p. 1238; V . 88, p. 1314; V . 89, p. 42, 225, 779.
(12) Southwestern Street Ry.— A trolley road.
lines in the W yom ing V alley, P a., extending from W ilkes-Barre to Duryea
Receivership.— On Jan. 2 1909 Judge Holland In the U. S. Circuit Court a t
and N antlcoke on east side of Susquehanna R iver and PIttston and P ly
m outh on west side. In Dec. 1902 made collateral trust mtge. for $250,000 Philadelphia appointed C. H. Jones and J. W . Ellard receivers. V . 8 <,
to purchase stock o f the Wllkesbarre Dallas & Harvey s Lake R y. Co. and p. 102. Int. due Feb. 1909 has been defaulted. V. 88, p. 295. Sale
for other purposes. On July 1 1904 leased the Plym outh & Larksvllle Street at foreclosure, which was ordered May 14 1909 (V . 88, p. 1314), wll
take place Dec. 8 1909, having been postponed twice, V . 89, p. 226, 779
R y . for 909 years at 6 % on $75,000 stk. and Int. on $75,000 5 % bonds.
52
S u it has been b ro u g h t a g ain st th e C hester T ractio n Co. to enforce its g u a r
a n ty on th e bonds. V. 80, p. 226. B ondholders’ p ro tectiv e com m ittee
has been fo rm ed . See V. 89, p . 164.
O R G A N IZ A T IO N .—C h artered S ep t. 3 1807.
STOCK A N D BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
s to c k . $400,000 ( $ 5 0 ) .................................... ........
$400,000 .....................
1st m tge, $400,000 (cannot b e] 1899
5. 4 g F-A
400,000
1029
called), gold ($1,000)........../ l n t . a t W est End T r. Co.. P h lla .. T ru stee.
S t o c k a n d l i o n d s .— All th e stock Is owned by th e U nited Pow er & T ran s
p o rta tio n Co. In te re st on $140,000 o f th e bonds was reduced to 4 % , In
consideration of th e ir g u a ra n ty , p . & 1.. by th e C hester T raction Co.
E A R N IN G S .— F o r y ear ending Dec. 31 1007 were: Gross, $67,041; n e t.
$707: In terest, tax es, &c., $20,186; b alance, deficit, $19,470.
R O A D .— Owns a n d o perates 16 miles of track w ithin th e lim its of P h ila
delphia. T rack laid w ith 90 lb. girder an d 60-lb. T rails.
O F F IC E R S .— P res.. Jo h n A RIgg; T rea s., T .W .G ro o k et J r . V. 88. p . 102.
1 3 1 4 ;V . 80, p . 164, 226, 770.
TRENTON BRISTOL & PHILADELPHIA STREET RY.
O R G A N IZ A T IO N .— In co rp o rated In Pen n sy lv an ia as a reorganization
of th e P h lla. B ristol & T ren to n , sold a t foreclosure on Aug. 2 1009. V. 89,
p. 349, 780. Up to S ep t. 25 1009 no bonds had been auth o rized .
STOCK A N D BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock, $325,000 ($50)_______ _____
_________
$325,000 __________
R O A D .— Owns a n d operates 21 miles of track from Torresdale to Morrlsvllle. R alls, 60 an d 00-lb. girder an d 72-lb. T; gauge 5 ft. 2 h Inches;
14 m o to r cars an d 1 service c ar, 3 engines an d 3 g en erato rs, 450 k. w. ca
p a city .
O F F IC E R S .— P re s ., E d w ard D . T oland; Sec. an d T rea s., Carl N . M ar
tin .— V. 80, p . 780.
PHILADELPHIA & WESTERN RR.—An electric road.
O perates betw een Philadelphia and S tafford, P a ., 11)4 miles. Is owned
by a syndicate and has no stock o r bonds on th e m a rk e t.—V. 84, p. 007,
1248, 1368; V. 85, p. 1463.
P H O E N IX V IL L E , P A .
PHOENIX (IAS & ELECTRIC CO.— G as. electric an d trolley.
O R G A N IZ A T IO N .— In corporated In New Jersey Sept. 21 1001 for th e
puip o se of acquiring and op eratin g all of th e gas, electric and s tre e t railw ay
properties of Phoenlxvllle, R oycrsford and Spring C ity, P a . F r a n c h i s e s
arc for 00 years from J a n . 17 1800. Has acquired th e en tire stock of th e
Schuylkill V alley Illu m in atin g Co., Consolidated Schuylkill Gas Co. and
M ontgom ery & C hester E lectric R y . Co. T he cap ital stocks of these com
panies, to g e th e r w ith th e en tire Issue of bonds ($100,000) of th e M. & G.
Elec. R y. and p a rt of th e bonds of th e o th e r tw o com panies have been de
posited w ith th e tru ste e as collateral for th e new m tge. V. 74, p. 271.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S tock, $1,000,000.........................................................
$800,000 .....................
Phoenix Gas & Elec, collatl 1001 5 g A-O
756,000 O ct 1 1051
tru s t, $1,000,000 ($500 an d lin t, a t R eal E sta te T ru st Co., P hiladelphia,
$1.000), sink fd, gold_ c * J T ru stee. C an be called a t an y tim e a t 110.
_
Schuylkill Valley III m tge.) 1893 6 g J -J
60,000 Ju ly 1 1023
$60,000, gold ($500)___ c * /I n t. a t T r. Co. of N o. A m cr., P h lla., T rustee.
Consol Schuylkill Gas mort-1 1800 5 g A-O
150,000 O ct 1 1029
gage, $200,000 ($500 a n d fln te re s t a t R eal E s ta te T ru st C o., Phlla$1,000) ---------------------- c*J delphla. T rustee.
B o n d s . — Of th e new P hoenix Gas & Electric bonds, $222,000 are reserved
for fu tu re extensions an d Im provem ents. A sinking fund of 1 % per an n u m
of o u tsta n d in g bonds becam e o p erativ e In 1907 and $22,000 bonds have
been re tired . Bonds of th e Consol. Schuylkill Gas Co. m ay be called In
1909 a t p ar.
E A R N IN G S.— F o r fiscal y e ar ending Sept. 30 1908, gross, $165,287; n e t,
$60,400; fixed charges, $48,311; surplus, $12,089; In 1907, gross. $170,865;
n e t, $62,679; fixed charges, $48,021; surplus, $14,658.
R O A D .— Owns 6)4 miles of tra c k betw een Phoenlxvllle and Spring C ity.
O F F IC E R S .— Pres., F. P . N orris; Sec. and T rea s., Jas. W . P ennypacker, P hoenlxvllle, P a
V. 74, p. 271.
PITTSBURG, KANSAS.
JOPLIN & PITTSBURG RAILWAY.—A tro lley road.
O R G A N IZ A T IO N .— In corporated Ju n e 10 1007 In Missouri. H as tak en
over th e P ittsb u rg R ailw ay & L ight Co. and th e Joplin & P ittsb u rg S treet
R R . V. 85, p . 460. T he P ittsb u rg R y . & L t. Co. was Incorporated In
K ansas In 1905 as a consolidation o f th e P ittsb u rg R R , and th e P ittsb u rg
L ig h t & Pow er Co. F r a n c h i s e s In tow ns th ro u g h w hich ro ad ru n s v ary
from 30 to 50 years an d some are p erp etu al.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
$2,800,000 ..............
S tock, $5,000,000 ($100)...........................................
F irst m o rtg ag e. $5,000,000/ 1907
5 g J -J
2,800,000 J u ly 11027
($1,000), g o l d ................ c* l i n t , a t G erm antow n T ru st Co., P h lla ., T rus.
B o n d s . — R em aining $2,200,000 a re reserved for fu tu re acquisitions and
extensions. B onds can be called on an y In t. d a y beginning J u ly 1 1910,
an y or all, a t 105.
E A R N IN G S .— F o r y e ar ending Ju n e 30 1909 (average miles In operation
durin g year, 60), gross, $288,081; n e t, $136,318.
R O A D .—O perates 43 miles of track In an d aro u n d P ittsb u rg h an d a b o u t
5 miles In and aro u n d Jo p lin . T he tw o cities a re connected by a 24-mlle
extension. T o tal track ag e. Including extensions, 72 miles.
O F F IC E R S .— P res., Joseph J . H elm , K ansas C ity, Mo.; V .-P ., W . W
Calhoun, C arthage, Mo.; Sec. & T rea s., Jo h n A. P resc o tt, K ansas CItv
Mo.; A ud., E . S. Bigelow, K ansas C ity, Mo.— V. 85. p. 460.
*
Suburban R apid T ran sit S treet R ailw ay C om pany.
E a st M cK eesport S tree t R ailw ay C om pany.
M t. W ashington S treet R ailw ay.
B eaver Valley T raction C om pany.
P ittsb u rg h & Castle S hannon R R .
W ashington & C anonsburg R ailw ay.
P ittsb u rg h & B eaver S tree t R ailw ay C om pany.
In F eb. 1002 acquired th e elevated railroad franchises w hich were
g ran ted to Messrs. Bigelow, O liver, Q uay and others. V. 74, p . 478.
(2) E lectric Lighting & Illum inating G as.— Philadelphia C om pany also
owns or controls by lease th e following com panies, form ing th e lighting d e
p a rtm e n t of Its business.
Allegheny C ounty L ight C om pany.
M onongahela L ight & Pow er C om pany.
Southern H e at Light & Pow er C om pany.
Consolidated Gas C om pany.
South Side Gas C om pany.
A llegheny Illum inating C om pany.
B raddock Gas & L ight C om pany.
Ohio Valley Electric Co. of Bellevue.
T he Consolidated Gas Com pany operates u n d er a perpetual c h a rte r, and
w ith th e Allegheny Illum inating C om pany and th e South Side Gas C om pany
c o n stitu tes th e only gas m anufacturing com panies In th e c ity of P ittsb u rg h
and th e exclusive rlirht to m an u factu re Illum inating gas Is vested In them .
(3) F u e l G a s. — Philadelphia C om pany, thro u g h its own lines an d those
of a n u m b e r of com panies controlled b y lt, supplies nearly all th e fuel gas
consum ed in th e cities of P ittsb u rg h and Allegheny and th e m anu factu rin g
tow ns lying along th e M onongahela and A llegheny rivers. C om pany con
trols b y lease 443,538 acres of gas a n d oil lands In W est V irginia an d
W estern P enn sy lv an ia. I t controls thro u g h Its ow nership of th e F a irm o n t
& G rafton Gas Co. 16,739 acres, an d thro u g h Its m a jo rity ow nership of th e
E q u itab le Gas Co. 830 acres of leasehold. T he principal fuel gas com panies
controlled are:
Philadelphia C om pany.
C hartlers Valley Gas C om pany.
E quitable Gas C om pany.
P ennsylvania N atu ral Gas C om pany.
U nion Gas C om pany of M cK eesport.
Allegheny H eating C om pany.
F alrm ount & G rafton Gas C om pany.
See official statem e n t In ‘•Chronicle” of Ju ly 12 1902 (V. 75, p. 83) for
fu rth er details regarding th e character and n a tu re of th e com pany’s business.
D uring y ear ending March 31 l!h 9 eom oany sold £0,004,570 930 cubic fe< t
of n atu ral gas, a decrease of 5,853 249,815 from y e ar ending M arch 31 lo t 8.
•S C H E D U L E O F C A PIT A L STOCK O F O T H E R C O R P O R A T IO N S
O W N E D AN D PO SSESSED ON S E P T . 1 1009.
S h a res.
T o ta l I s s u e .
U nited T raction Co. of P ittsb u rg h ______ 339,999 Common o u t of 340,000
C onsolidated Gas Co. of th e C ity of P lttsburgh(ow ns stock of Allegheny Ill’gC o.) £80,000
"
”
80,000
Consol. Gas Co. of C. of P itts ..............
120
Preferred “
40,000
C om m on "
30,000
C hartlers Valley Gas C o......................... *29,850
P ennsylvania N atu ral Gas Co.................... 10,822
”
“
20,000
E q uitable Gas Go. of P ittsb u rg h ____ 13,774
”
"
14,000
E quitable Gas Co. of P itts b u rg h ........
4,008
Preferred "
6,000
S o u th Side Gas C o ................................. 15,046
Common ”
20,000
T he Allegheny Co. L ight Co.................. g l5 ,0 0 0
“
"
15,000
F alrm o u n t & G rafton Gas Co.....................
3,000
"
"
3,000
Allegheny H eating C o............................ g2,664
*’
’’
5,000
C onsolidation T rac tio n .......................... t/232,760
Preferred ”
240,000
Consolidated T r a c tio n _______ y Z 85,424 Common “
300,000
Union Gas Co. of McKeesport__________
16,000
"
...........
being all th e s t ’k
” '
Mt. Washington St. R y ................................ 30,000
Allegheny Bellevue & Perrysvllle R y ___
5,000 Com., being all th e sto ck .
_
Pittsburgh Railways Co................................ 50,000 Preferred
Pittsburgh Railways Co_______________
50,000 Common
Pittsburgh & Char. St. R y. Co_________ 50,000
’’
Southern H eat, Light & Power Co............
6,000
"
East McKeesport St. R y. Co.......................
5,000
“
Braddock Gas & Light Co............................
5,000
"
Seventeenth St. Incline Plane Co..............
5,000
"
Pittsburgh Canonsburg & Wash. R y ___
1,500
”
Pittsburgh & Beaver Street R v _________
4,700
“
Low Pressure Gas Co....................................
1,000
”
Consumers’ H eating Co....... ........................
1,000
”
Mansfield & Chartlers Gas Co__________
500
"
Mornlngsldc Electric Street R y. Co..........
480
“
The Philadelphia Co. of West V ir g in ia ...
zlO
’’
Beaver Valley Traction Co......................... 21,500
”
Ben Avon & Emsworth St. R y .................
2,000
“
Washington & Canonsburg R y ................... 20,000
"
All of the above shares marued th us, x , are In the hands of th e Maryland
Trust Co., trustee under the first mortgage and collateral trust dated March
1 1800. Those marked y (with the exception of 37,015 shares Consol
Tract, common held In treasury of Phlla. Co.) are held as security 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 1909 the value of stocks of
other companies owned at that time was $45,112,929.
SEC U R ITIES OUTSTANDING.*
STOCK AN D BONDS—
D a te. I n t e r e s t . O u t s t a n d i n g . L a s t d i v . , A c .
Stock, com, $41,000,000 ( $ 5 0 ) ____
Q -F
$33,240,000 NovOO, 1)4
Pref stk, 5%, non-cum, $6,5 M-S
6.000,000 S e p t'0 9 ,2 )4
000,000 (par, $50)
P hil Co 1st & Col T r M, $6. 1809
5 g M-S
5,554,000 S e p t 1 1949
PITTSBURG & KANSAS CITY RAILWAY.
500,000, g ($ 1 ,0 0 0 )___ c* M aryland T ru st Co., B altim ore, T ru stee.
O R G A N IZ A T IO N .— In corporated In Missouri on F eb . 18 1909 by Inter
col t r , $22, 1901
5 g M-N
15,138,000 N ov 1 1951
ests Identified w ith th e Jo p lin & P ittsb u rg h R y .. an d has purchased the Phil Co congM & ,0 0 0 )______ ______
000,000,
($ 1
C ontinental T ru st Co., B altim ore, T rustee.
G irard Coal B elt Elec. R y . (ab o u t 14)4 m iles). C om pany will be tak en
N otes, $1,500,000, g ($1,000)c 1905
5 A-O
150,000
See te x t
over by th e Jo p lin & P itts. R y . w hen It can be b ro u g h t u n d er th e term s of C ollateral tru s t notes, $3,-\ 1008
6 g J-D
2 ,4 .5 ,0 0 0 See te x t
th e Joplin & P itts, m ortgage.
500.000 gold ($5,000)------cJP rln . & ln t. a t U nion T ru st C o., P itts ., T ru s.
STOCK AND BO ND S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
5
2,500,000
1910
$500,000 ..................... Conv. deb. ($ 5 .0 0 0 ,0 0 0 )____1909
Stock $500,000 ($100)....................................................
6 F-A
500,000
1911
F irst m ortgage $500,000 ($1,-1 1909
6 A-O
388,000 April 1 1014 A llegh’y C ounty L t 1st M___ 1891
E a st End Elec L t 1st M............1805
6 F-A
500,000
1915
000).......................................c * jln t. a t Commerce T ru st Co., K an. C ity, Mo.
Consol Gas com stock, $ 4 , - 1 ___
..............
$4,000,000
Girard Coal B elt Elec. R y --------------------------100,000 .....................
000,000 (par $50).................J
B o n d s . — $112,000 bonds of 1909 are reserved to retire $100,000 bonds of
F-A
2,000,000 Aug ’09, 2 %
G irard Coal B elt Elec. Bonds a re su b ject to call a t p ar a n d ln t. on a ny in t Consol Gas nref stock, $ 2 , - 1 ___
500,000 (par $50) c u m ------/
d a te on 4 w eeks’ notice.
Consol Gas, 1st m tg , gold] 1808
F-A
5,000,000 F eb 1 1948
R O A D .— O perates 28 miles In an d betw een G irard, F ran k lin , Crow eburg,
_
* r/M a ry la
altim ore. T ru
M ulberry, R ad ley , D unkirk, F ro n ten ac an d P ittsb u rg , K an. S tan d ard „ . M cK eesport S t R y cs t&M] 1809 n d 5 T ru st C o., B250,000 Dec stee.
l
g J-D
1 1929
gauge, 56 an d 60-lb. T -rall. An extension from C row eburg to M ulberry
$250,000 ($1,000), gold . . ( I n t . a t F idelity T itle & T r. Co., P itts ., T ru s.
was opened O ct. 15 1009. I t Is In tended to co n stru ct 11 miles m ore tra c k . Southern H t Lt& Pow er Co.,1 1809
5 g J-D
300,000 Dec 1 1940
O F F IC E R S .— P res., J . W . Ground: V .-P ., J . J . H elm ; Sec., W m . W .
1st M, $300,000 ($ l,0 0 0 )_ g /ln t. a t Merc’tlle T r. Co., P itts ., T rustee.
Calhoon; T re a s., J . A. P resc o tt, K ansas C ity, Mo.
M onongahela L ight & Power) 1899
5 J-D
1,700,000 J u n e 1 1945
Co. 1st m ortgage, $1,700,- lln te re s t a t Mellon N ational B ank, P lttsb .g h
000 ...........................................J The Union T ru st Co.. P ittsb u rg h . T ru ste e ,
PITTSBURGH, PA.
Ohio Valley E lectric Co 1st] 1897
6 A-O
$50,000 A pril 1 1917
, PHILADELPHIA COMPANY.— Gas (n a tu ra l an d m a n u fa c tu re d ),
m ortgage, $50,000 .............. / l n t . a t M ercantile T ru st Co., P itts ., T ru ste e .
electric co m pany, trolley.
U nion Gas Co, M cK eesport,1 1899
-5 g
295,009 O ct 1 1929
In Feb. 1006 th e U nited R ys. In v estm en t Co. of San Francisco acquired
1st m ortgage, $310,000, g ./U n lo n T ru st Co.. P ittsb u rg h , T ru stee,
control th ro u g h purchase of $21,000,000 of th e com m on stock, paying for
s f ............................................. J In te re st a t Mellon N ational B ank, P Itts b ’g h .
the stock acquired p a rtly In Its own stock and p a rtly In an Issue of Its coll,
* This tab le does n o t cover such railroad properties as are sep arately
tru s t bonds. In April 1007 acquired $3,200,000 more of th e stock by a n
o th e r Issue of coll, tru s t bonds. See s ta te m e n t of U nited R ys. In v e stm e n t reported fu rth e r on.
S t o c k .— Stock authorized was Increased In F eb ru ary 1899 from $7,500 000
Co. un d er San Francisco and also V. 82, p . 3 9 3 , 088.
O R G A N IZ A T IO N .— Organized on May 24 1884, and was originally a to $21,000,000, of w hich $6,000,000 was 5 % non-cum ulatlve preferred.
n a tu ra l gas com pany. O perates un d er special A ct of th e L egislature of T he increase was m ade to acquire th e stock of th e Allegheny Co. L ight C o.,
Pennsylvania (conferring m any valuable rig h ts and privileges) gran ted to C hartlers Valley Gas Co. and th e com . s to c k of th e Consolidated Gas Co.
its predecessor, th e Em pire C om pany, In M arch 1871. Its business m ay also by exchange th e U nited T raction stock. On Dec. 4 1901 stockholders
be classed un d er th ree m ain heads: (1) S tree t R ailw ays, (2) Electric L ighting a uthorized a n Increase to $36,000,000 th ro u g h th e Issue of $15,000,000
ad d itio n al com m on stock. The increase w as m ainly for th e purpose e f
and Illu m in atin g Gas an d (3) Fuel Gas. 1
th e
e Consolidated
th e
(1) The S tree t R ailw ays com prise 596.5 miles of tra c k , all operated acquiring Co. shares of th1112. In A ug T raction Co. andcom mS outhern
T ractio n
V. 73, p.
1906 authorized
on stock
(as a m a tte r of convenience and econom y) by th e P ittsb u rg h R ailw ays Co. was fu rth er Increased to $36,000,000, m ainly to provide for th e purchase of
(except th e B eaver Valley T ractio n Co. an d th e P ittsb u rg h & B eaver S t. R y. th Beaver Valley T raction
Canonsburg R
V. 82,
Co., which are o p erated sep a ra te ly ), a n d em brace th e following properties: p . e1323, Stockholders In S Co. and W ashington &the rig h t to ta ky . $3,240,
e p t. 1906 were offered
e
T he U nited T ractio n C om pany of P ittsb u rg h .
000 com m on stock a t par. See V. 83, d . 492.
Consolidated T ractio n C om pany.
Shareholders v o ted Ju ly 22 1909 authorizing $5,000,000 ad d itio n al com
M onongahela S treet R ailw ay C om pany.
m on 8took to provide for th e convertible fe a tu re of convertible debentures
P ittsb u rg h & Birm ingham T ractio n C om pany.
auth o rized a t th e sam e tim e, b u t a n y shares n o t so used to be available for
P ittsb u rg h R ailw ays C om pany (form erly Southern T rac tio n ). :
th e general purposes of th e com pany. V. 88, p. 1314; V. 89, p. 225.
P ittsb u rg h & Charleroi S treet R ailw ay C om pany.
:
T he Phlla.C o.In J a n .1908 offered to g u a ra n te e 4% per a n . from Aug. 1
Allegheny Bellevue & Pcrrysvllle R y .
1907 on th e $2,000,000 pref. stock of Consol. Gas Co. (en titled to 6% c u m .).
provided a d d itio n a l earnings be divided eq u ally betw een th e tw o classes of
sto ck , b u t pref. no t to receive m ore th a n 6% In any ev en t. H olders of 75%
of th e $2,000,000 pref. stock having agreed to th e proposition, th e plan was
a d o p te d . V. 86, p. 54, 605
B o n d s. — Of th e $6,500,000 bonds of 1800 (m ortgage tru stee, M aryland
T ru st C o.), $4,000,000 was Issued a t once In p a rt p ay m en t for th e stock of
th e Allegheny C ounty L ight a n d C h artlers Valley Gas Co., and $1,000,000
were originally reserved to retire th e $1,000,000 bonds of th e A llegheny
C ounty Light an d East Knd E lectric bonds; b u t $54,000 of those bonds have
been acq u ired . T he balance, $1,500,000, was expended for Im provem ents
a nd ad d itio n s. T h e bonds were In O ct. 1899 listed on th e Philadelphia
Stock E xchange, and are also listed on th e P ittsb u rg h Stock E xchange.
T he P h ilad elp h ia Com pany stock has been listed on th e New Y ork Stock
E xchange since O ctober 1886, and Is also listed on th e P h lla. E xchange.
See application to th e N. Y . Stock Exchange In V. 70. p 1198, and also In
“ Chronicle” of Feb. 22 1902. Of th e $22,000,000 bonds of 1901. $6,500,000
are reserved to tak e up the $6,500,000 1st col. tr . bonds. $12,000,000 were
to acquire th e pref. stock of th e Consolidated T ractio n Co. and $3,500,000
were for Im provem ents, b etterm en ts, extensions, &c., which has been
Issued as follows: for b ette rm e n ts to p ro p e rty of this com pany $1,625,000;
U n. T rac. Co. of P itts ., $150,000; Cons. T rac. Co., $650,000; P ittsb u rg h
R ailw ays Co., $875,000, a n d A llegheny C ou n ty L ig h t Co., $200,000.
N o t e s . —T he $1,500,000 no tes of A pril 1 1905 are secured by deposit w ith
th e G u aran tee T ru st & Safe D eposit C o., P h lla ., of 201,000 sh ares of U nited
T ractio n Co. com m on sto c k . $300,000 m a tu re d April 1 1906, $150,000
O ct. 1 1906. a n d sam e a m o u n t on Apr. 1 1907, O ct. 1 1907, A pr. 1 1908,
O ct. 1 1908, A p r. 1 1909 an d O ct. 1 1909; $150,000 m a tu re s sem l-ann. to
and Including A pr. 1 1910. N otes m a tu rin g su b seq u en t to 1907 are re
deem able a t p a r a n d In terest.
T he collateral tru s t n o tes of 1908 are secured b y d eposit w ith tru stee of
$900,000 n o tes of A llegheny C ou n ty L ight Co.; $900,000 notes of U nited
T rac tio n Co.; $900,000 notes of C onsolidated T rac tio n Co.; $800,000 notes
of R ailw ay & L ig h t com panies to be h ereafter Issued; $750,000 first m o rt
gage of P ittsb u rg h & B eaver S tre e t R y .; 21,500 shares Beaver Valley
T ractio n ; 20,000 shares W ashington & C anonsburg R y . The notes m atu re
$125,000 each J u n e a n d Dec. from J u n e 1909 to Dec. 1912; $200,000 each
J u n e a n d Dec. from 1913 to 1916; an d $225,000 each Ju n e a n d Dec. In 1917
a n d 1918; $125,000 paid In J u n e 1909. T h ey are redeem able a t 100 and
accrued In terest a t an y In terest period on 60 d a y s’ notice. See p articulars.
V. 87. p. 346.
C o n v e r t i b l e D e b e n t u r e s . — Stockholders on J u ly 22 confirm ed th e proposal
of d irecto rs to Issue $5,000,000 10-year 5% d e b en tu re s, convertible, $ for $,
Into sto ck . Of th e proposed Issue, banking houses have tak en $2,500,000.
V . 88, p. 1314; V. 89, p. 225.
D i t s . — \ ’94 ’95 ’96 ’97 '98 ’99 ’00 ’01
’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09
P e r c e n t ./ 5 5 None 4 4 « 5 5?4
6
6 66
6 6 6 6
T he foregoing dividends are for th e com m on sto ck . T h e pref. was createq
In 1899, and first sem i-annual p a y m e n t of Z'A % w as m ade In S ep t. 1899,
a n d have been regularly continued since th e n . On common In 1909.
F e b ., U 4 % ; M ay, 1>S%; A ug., 1 H % ; N o v ., 1 H % .
L in e a r T a x D e c i s i o n . — For decision of Suprem e C ourt of P ennsylvania,
declaring th e linear ta x ordinance Invalid, see V. 80, p. 1729.
i n c r e a s e i n P r i c e o f N a t u r a l G a s . — On Ju n e 16 1907 price of n a tu ra l gas
was Increased from 25 to 30 cents p er 1,000 feet. V. 84. p. 1248. On Nov.
26 1907, how ever, notice was given th a t th e price would be reduced to
2 7 Y i cents J a n . 1 1908. V. 85, p. 1402.
A p p l i c a t i o n D e n i e d . — A ttorney-G eneral Todd of Pen n sy lv an ia on Oct.
24 1907 denied th e application of c ity a u th o ritie s of P ittsb u rg h for perm is
sion to bring quo w arran to proceedings to forfeit th e co m p an y ’s c h arte r.
See V. 85, p. 1083.
R E P O R T .— R ep o rt for y ear ending M arch 31 1909 was in V. 88, p. 1250.
T he com pany in 1908-09 sold 30,004,570,930 cubic feet of gas.
R e c e ip ts —
1908-0 .
1907-08.
1906-07.
1905-06.
F rom g as...............................$4,854,052 $5,814,755 $5,183,348 $4,674,852
54,712
62,457
75,886
98,950
F rom oil ..............................
D ividends on stock owned 1,580,418
1,560,762
1,468,997
1,518,689
103,747
148,596
107,787
103,202
R ents
271,029
382,981
332,513
237,631
In te re s t, d iscounts, & c..
$7,020,759
O perations, tax es, &c_ 1,988,329
_
$7,878,274
2,270,072
$7,103,007
1,936,769
$6,633,324
2,053,789
N e t earn in g s— ............ $5,032,430
D e d u c t—
$10,392
P a id leased com panies—
In te re s t on funded d e b t . . 1,048,709
442,829
Im p ro v ’ts, e x te n s., &c._
N otes re tired d u rin g year• 300,000
:. 202,850
$5,608,202
$5,166,238
$4,579,535
$10,517
1,046,344
1,331,366
375,000
84,365
$10,267
1,045,690
1,184,432
250,000
117,678
$70,217
1,032,311
993,144
135,727
B o n d s .— C ar tiu s ts In tab le above m a tu re $40,000 an n u ally from 1909 to
1915 Inclusive.
G u a r a n te e d B o n d s —
W est L ib e rty & Sub. S t. 1st 1 19Q8 5 g J - J
$250,000 J a n 1 1938
M $250,000 ($1,000) g ___ J ln t. a t Colonial T r. Co., P Itts b ., tru ste e .
D e ^ t o f o ld S o u th e r n T r a c . C o . D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r itg .
So T rac 1st M, coll tr , g, $4,-1
1900 5 g A-O
$3,875,000 O ct 11950
000,000 ($ 1 ,0 0 0 )______c * lln t. a t U nion T r. Co., P ittsb u rg h . T ru stee.
W est Find T ractio n gen M .l 1898
5 J-J
955,000 J a * 1 1938
$1,500,000 _____________ l i n t , a t U nion T r. Co., P ittsb u rg h , T rustee.
U n d e r lv in g lo a n s o f W e s t E n d T r a c tio n —
P ittsb u rg h C rafton & M ans-/
1894 5 J - J
181,000 Ju lv 1 1924
Held 1st M ______________/ I n t . a t P ittsb u rg h T ru st Co., P ittsb u rg h .
P itts & W est End 1st M ............ 1892
5 J-J
364,000 Ju ly 11022
B o n d s .— T he Southern T ractio n m ortgage c an n o t be called before m a
tu rity . T he $125,000 unissued Is held for b e tte rm e n ts a n d Im provem ents.
T he F a rm e rs’ D eposit N ational B ank of P ittsb u rg h offered th e bonds for
sale In O ct. 1900. See V. 71, p. 864. Of th e portion of th e 5s of 1898 of
th e W est E nd T raction still unissued, $545,000 are reserved to retire u n d e r
lying bonds. Bonds of th e W est L ib erty & Sub. S t. a re g u a ra n te ed by
P itts . R ys. Co., th e y a re n o t su b ject to call, a nd have no sinking fu n d .
A N N U A L R E P O R T .—All com panies ow ned, controlled a nd o perated by
P ittsb u rg h R ailw ays Co. fo r years ending M arch 31 1907 an d 190$ (no late
figures published);
1907.
1906.
I
1907.
1906.
$
$
$
$
G ross________ 10,232,620 9,512,615 R en tal, U nited
N e t ................... 4,460,662 3,984,613
T r a c tio n ...
552.486
552,189
84,556 R e n t., C on.T r. 1,550,598 1,550.198
O th e r Incom e.
83,903
T o tal Incom e. 4,544,565 4,069,169 M Isc., lnt..& C .
356,377
282,780
I n t e r e s t .......... 1,734,200 1,676,104 B a la n c e _____ *350,905 sur42,898
* Of this a m o u n t, $300,131 was used for e x tra o rd in a ry m ain ten an ce ex
penditures and $40,000 to retire c ar tru s t no tes, leaving a balance of $10,773,
O F F IC E R S .— P res., J . D. Callery; 1st V .-P ., J . H . R eed; 2d V .-P ., S. L.
Tone: Sec., W . B. Carson: T rea s.. C. J . B raun J r. A u d ito r, C. S. M itchell.
— V. 73, p. 554; V. 80, p. 1861; V . 87, p . 1238; V. 89, p. 42.
(a) M ount W ashington Street Ry.— A trolley road.
O R G A N IZ A T IO N .— Inco rp o rated In P enn sy lv an ia on O ct. 8 1901 and
la te r absorbed the Sycam ore S tree t R y . Also owns th e entire ($500,000)
c ap ital stock of th e M ount W ashington T unnel Co. Stock of th e M ount
W ashington S treet R y. Is owned by th e P hiladelphia Co. T he road Is
leased to th e P ittsb u rg h R ailw ays Co. for 995 years from April 1 1903 for
all charges. Including bond Interest.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r itg .
S tock, $1,500,000 ($ 5 0 )............................................
$1,500,000 .....................
1st m ortgage a nd col tr ,l 1903
5 g A-O
1,500,000 A pril 1 1033
$1,500,000. gold ($ 1,000),)P enn. Co. for Insurances on Lives A G rantguar, prln and In t---------c*J Ing A nnuities, P h iladelphia, T rustee.
B o n d s are g u aran teed , principal and Interest, by e n d o rsem e n t,b y tho
Philadelphia Co. In te re st payable In New Y ork, P ittsb u rg h a nd P h ila
delphia. No sinking fund and bonds c an n o t be called. T he stock of tho
T unnel Co. has been pledged as collateral under this m ortgage. See
V. 76, p. 1143.
R O A D .— O perates a b o u t 6 H miles of tra c k from P ittsb u rg h to M ount
L ebanon. Gauge, 5 ft. 2 14 In.— V . 80, p. 222.
(b) Washington & Canonsburg Ry.—A trolley road.
A cquired by P hiladelphia Co. In A pril 1906.
O R G A N IZ A T IO N .— Incorporated In P enn sy lv an ia on Ju n e 2 1902.
Successor on June 2 1902 to the W ashington E lectric S tre e t R y. In J a n .
1909 P itts. R ys. began operating the p ro p e rty . F r a n c h i s e s p erpetual.
Leased In 1907 the P itts. C anonsburg & W ash. S t. R y.
STOCK AND BO ND S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r itu .
Stock $1,000,000 ($50)................................................
$1,000,000 .....................
W ash Elec S t Ry 1st M ............. 1897 5 g
125,000 Feb 1 1 927
1st m tge $650,000 g o ld -.c & rf 1902 5 g J - J
525,000 J u ly 1 1932
l i n t , a t N o rth A m . Sav. Co., P ittsb u rg h , T r.
B o n d s . — A s i n k i n g f u n d of $5,000 p er annum becom es o perative a fte r 5
vears; $125,000 of the new bonds are reserved to re tire th e bonds of the
W ashington E lectric S tre e t R y.
EARNINGvS.— For fiscal year ending Ju n e 30 1907, gross, $125,859; n e t,
$56,841; charges, $32,787; su rplus, $24,054. No la te r figures published.
RO AD. —O perates 15.86 mites In and betw een W ashington,T ylcrdale and
Canonsburg; 32 passenger cars, w ith work cars and snow plow .— Y. 85, p.532;
V. 87, p. 348; V. 88, p. 626.
(c) Pittsburgh Canonsburg & Washington Ry.
O R G A N IZ A T IO N .— In 1907 w as leased to th e W ashington A C anons
burg R y ., which g uarantees bonds, principal a nd Interest.
STOCK A N D BONDS-—
Date._ Interest. Outstanding.
M a tu r ity .
Stock (1,590 shares, all owned by Philadelphia Co.).
f 1907
5 J -J
$750,000 J u ly 1 1937
.$3,038,693 $2,760,610 $2,560,084 $2,362,271 1st M. $750,000 ($1,000) gold! Safe D eposit T ru st Co., P itts ., trust**. In t.
I a t com pany’s office, P ittsburgh.
93,333
80,000
Consol. Gas g u a ra n ty ------.
B o n d s are redeem able a t 105 and Int. on a ny Interest d ate.
68,287
16,694
63,060
f
35,615
D Isct. & prem s. chgd. off
R O A D .— O perates a b o u t 12 miles of tra c k betw een C anonsburg a nd
300,000
294,680
300,000
D Iv. on p ref. sto ck (5%)i 300,000
1,926,136
i 1,994,394
1,994,394
1,768,569 Castle Shannon. 80-lb. rails.— V. 88, p- 625.
• (2) United Traction Co
$2,404,421 $2,294,423 $2,126,309
T o t a l ________________$2,410,009
O R G A N IZ A T IO N .— Incorporated on Ju ly 27 1806, and In June 1897
$265,661
$356,189
$235,962 purchased all the p ro p e rty and franchises of th e Second A ve. a nd N orth
S urplus for y e a r------------ $628,684
CO M B IN ED R E S U L T S .— The com bined results of th e P h ilad elphia Co. Side tra c tio n com panies, and secured control of th e P ittsb u rg h Allegheny &
a nd affiliated o p eratin g com panies. Including th e railw ays, were as follows M anchester through a lease for 950 years a nd th e purchase of Its stock.
for the y ear ending M arch 31 1909:_
V. 65, p. 27. The F ederal S t. & P leasan t V alley Passenger R y . Is controlled
Gross e arn in g s_________ $16,554,593 Im p ro v em en ts, extensions,
through Its lease for 950 years to th e N orth Side T rac tio n . In 1902 leased
& c .......................................
$555,353 the P ittsb u rg h & B irm ingham T raction Co. and th e P ittsb u rg h & Charleroi
O per. ex p . a n d ta x e s____ 8,664,860
N otes re tire d _____________
340,000 S t. R y.
preferred
N et e arn in g s_________ $7,889,733 D ividend on
In M arch 1899 the P hiladelphia Co. offered to give $6,375,000 of Its com
382,921 mon stock In exchange for tn e $17,000,000 com m on stock of th e U nited
s to c k s _________________
O ther Incom e__________
265,546
T rac tio n . See V. 68. p. 470. In O ct. 1899 exchange of stock u n d e r this
Surplus for th e y e a r_ $2,085,131
_
T o tal Incom e________ $8,155,279
plan was begun and 339,999 shares have been acquired.
F ixed charges, &o______ 4,791,874
On J a n . 1 1902 th e P ittsb u rg h R ailw ays Co. took over this p ro p e rty ,
a n d , under th e term s of th e operatin g c o n tra c t, agrees to pay c u rre n t divi
N e t Incom e__________ $3,363,405
dends of 5 % on th e pref. stock and 1 % on th e com m on stock. T he agree
O F F IC E R S , ET C .— J . H . R eed , Pres.; Jam es D . Callery, V .-P . (also m ent was until Jan . 1 1907 and th e re a fte r u n til te rm in a te d by th ree m onths
P res, of th e P ittsb u rg h R w ys. Co.); J . F. G ulley, Gen. Mgr.; C. J . B raun J r ., notice from cither p a rty .
O u ts ta n d in g . D lv .e r M a t
STOCK AND BO N D S.—
D a te .
I n te r e s t.
T reas.; W . B. C arson. Sec.; C. S. M itchell, A u d ito r. Office, 435 S ixth A ve.,
$17,000,000 J ’ly ’0* ,H %
J -J
P ittsb u rg h , P a .— V. 85. p. 531, 1083, 1402; V. 86, p. 53, 286, 1160, 1220; Com stock, $17,000,000 ($50)............
3,000,000 J ’ly20’09,2H
Pref, cum . $3,000,000 ( $ 5 0 ) . . ____
5 J -J
V . 87, p. 167, 346, 545, 1421; V. 88, p. 1250, 1259, 1314, 1500; V. 89, p. 225.
4,750,000 Ju ly 1 1997
U nited T rac gen m , goldH 1897
5 g J -J
(1) P ittsb u rg h R ailw ays Co.— A trolley road.
$10,000,000 ($1,000) -_ c * jM ary la n d T ru st C o . . B altim ore, T rustee.
T his was form erly th e S o u th ern T rac tio n Co., b u t In accordance w ith the
In te re st Is payable In New Y ork C ity.
a u th o rity vested In It by th e term s of Its c h arte r, th e directors of th e S o u th P itts Allcg & M anch_________ _____
5
1,500,000 Oct 1 1930
ern T ractio n Co. on Dec. 30 1901 voted to change th e nam e of th e com pany Second Ave T rac m tge, gold/ 1894
5 g J-D
2,030,000 Dec 1 1934
to th e P ittsb u rg h R ailw ays Co. T he P h ilad elp h ia C om pany had previously
($ 1 ,0 0 0 ).............................. c*lM aryland T ru st Co., B nlto., M d., T rustee.
acquired all th e sto ck , com m on an d p re f., of th e S o u th ern T rac tio n , In
In te re st a t Brown Bros. & Co., N . Y ., or A. Brow n & Sons, B altim ore.
accordance w ith term s In V. 73, p. 1112.
■ 2 d Ave T raction Co m tg e _____ 1893
5 J -J
420,000 Ju ly 1 1933
T he So u th ern T ractio n Co. was c h arte re d In 1900 to ta k e over, extend B raddock & T u rtle Creek 1 s t .. 1891
6 A-O
50,000 A pril 1 1911
and op erate th e W est E nd T rac tio n lines, w hich were purchased In A ug. 1900 Loans payable June 30 1 9 0 9 . . ---------------1,924,052 ---------------for $4,500,000.
T h e U nited T raction receives th e e ntire earnings of th e N o rth Side
Leases th e P ittsb u rg h & C astle S hannon R R . for 99 y ears, re n ta l being P itts. A . & M. and Second A ve. tra c tio n com panies, su b ject only to a nnual
$15,000 p er a n n u m . See V. 81, p. 778.
charges of $263,000, as shown above.
T he following securities (being In each case th e en tire Issue) are ow ned:
• D i v i d e n d s . — On p r e f e r r e d arc 5 %. On c o m m o n , H % paid J a n . 2 1903
50,000 shares com m on stock of th e W est End T rac tio n Co.
a nd
each six m onths since th e n , to and Including Ju ly 1909.
$0,000
"
preferred stock of th e W est E nd T ractio n Co.
B o n d s . — The new U nited T ractio n m ortgage Is lim ited to $10,000,000;
120
“
c ap ital stock of V irginia Ave. S tree t R y . Co.
b e ad s c an n o t be redeem ed before m a tu rity ; M aryland T ru st Co. of B alti
400
“
“
“
McKees R ocks & In g ram S t. R y . Co.
more Is tru ste e . Of these bonds, $5,250,000 arc reserved to re tire th e div i
300
“
“
“
McKees R ocks & N eville Isl. S t. R y . Co.
sion -d bonds above m entioned. Bonds are listed on th e P hiladelphia and
120
"
“
“
C rafton & C hartlers V alley T ractio n Co.
B altim ore Stock Exchanges
400
“
“
“
P itts . Banksvtlle & M t. Lebanon S. R . Co.
R O A D .— The miles of tra c k owned and consolidated are:
M ile s .
100
"
“
“
Carnegie Bridge Co.
Second Avenue T rac tio n ..................................................................................... 63.83
120
••
“
“
W est L ib erty & S u b u rb an S treet R y . Co.
N orth Side T rac tio n ................
31.84
B y th e term s of an o p e ra tin g c o n tra c t, effective J a n . 1 1902, th e P itts P ittsb u rg h A llegheny &M anchester T ra c tio n ___ _____
21.45
burgh R ailw ays Co. assum ed control of all th e p roperties of th e Consoli
d a te d T ractio n Co., th e U n ited T ractio n Co. of P ittsb u rg h and th e ir u n d e r
T o ta l....................................................................................................................... 117.13
lying com panies.
R E P O R T .— N ot now an operatin g com pany.
R O A D .—The P ittsb u rg h R ailw ays Co. o p erates 545.92 miles of tra c k In
O F F IC E R S .— P res., Jam es D. Callery; V .-P ., J . IT. R eed; Sec., W . B,
P ittsb u rg h an d ou tly in g boroughs. E q u ip m en t consists of 1,093 closed C arso n ;T re a s., C. J . B raun J r .; A uditor, C. S. M itchell. Office, P ittsb u rg h ,
cars, 633 open cars and 174 m iscellaneous cars.
P a. Financial a g en ts, A lexander Brown & Sons, B altim ore, M d.— V . 70,
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ilg .
p . 329; V. 71, p. 180. 1271; V. 73, p. 300.
Common sto ck , $2,500,000_ _____
_
_______
$2,500,000 ---------------L IN E S C O N T R O L LE D BY U N IT E D T R A C T IO N OO.
Preferred 5 %. cum , $2,500,000 ..............................
2,500,000 . ..................
(a) Federal Street & Pleasant Valley Ry.— Trolley.
C ar tru s ts , $400 000 ($1,000) f 1905
5 g J-D
280,000
See te x t
O R G A N IZ A T IO N .— Incorporated Feb. 20 1808, and has sl«*e *onsolII In t. a t Brow n Bros. & Co.. N . Y. a n d P h lla .,
lo r a t co’s office. Colonial T r. Co., P itts ., T r1 d a te d Its various subsidiary com panies. T h e f r a n c h i s e Is p erpetual.
$2,004,780
$3,027,650
.
11,043
$2,847,592
$2,760,610
$2,608,067
$2,558,171
1,913
$2,231,399
$2,348,136
14,135
T h e N o rth Side T ractio n Co. on Ju ly 20 1806 leased th e Fed eral S tree t Sc
T he F o rt P itt T ra c t, bonds are secured b y th e deposit of th e shares of th e
P le a sa n t V alley for 060 y ears, assum ing Its d e b t, an d agreeing to p a y as c o n stitu en t com panies o u t of w hich th e F o rt P itt Co. w a s form ed, nam ely,
re n ta l all ta x e s, re n ta ls, &c.< a n d also $70,000 y early In cash, p ay able J a n .15 $300,000 F o rt P itt P ass. R y . sto ck , $100,000 Gross S t. R y . stock, $100,000
an d J u ly 15, equal to 5 % on th e $1,400,000 sto ck , of w hich It owns $750 - H ighland P a rk S t. R y . stock. $100,000 Negley S t. R y . stock.
000. V . 63, p. 31, 76. 180.
R O A D .— C ontrols a b o u t 126 miles of tra c k In all.
O F F IC E R S .— P re s ., J . D . C allery; V .-P ., J . H . R eed; Sec., W . B.
STOCK A N D BO N D S—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock (p ar $25), full p a id .....................
5 J -J
$1,400,000
See te x t C arson; T rea s., C. J . B raun J r.; A ud., C. S M itchell.— V. 73, p. 553, 723;
Consol m tge, $1,250,000, g j 1802
5 g J -J
1,056,000 May 1 1042 V. 76, p. 48: V. 79. p . 627; V. 86, p. 284; V. 88, p. 882.
(1) A rdm ore S treet R y.
($1,000), on 28 miles
c * ( ln t. a t F id elity T itle & T r. Co., P ittsb u rg h .
O R G A N IZ A T IO N .— Incorporated In P ennsylvania on O ct. 31 1907
U n d e r ly in g m o rtg a g e s —
R oad m ostly on p riv a te rig h t of w ay. Franchises In boroughs are perp etu al.
Fed S t & PI Val m tg e ................. 1889 5 J - J
92,000 J u ly 1 1919
Consolidated tra c tio n owns all th e sto ck an d gu aran tees th e bonds, p rln .
A llegheny & Bellevue 1st m tg e 1890 5 J - J
23.000 N ov 1 1020
A llegheny S t 1st m o rtg ag e____ 1890
5
34,000
1020 a n d ln t. V. 88, p. 881.
STOCK AND BO N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
P e rry S t 1st m o rtg ag e_______ 1800 5 J - J
4,000 N ov 1 1020
See te x t.
.....................
T roy Hill 1st m o rtg ag e_______ 1890 5 J - J
41,000 N ov 1 1920 Stock $14,000 ($50) ................................................ ..
1st m o rt. $1,250,000 gold) 1908
5 g A-O
$1,000,000 April 1 1958
B o n d s .—T h e consolidated m ortgage of 1942 Is for $1,250,000, of w hich
($ 1 ,0 0 0 )---------------------- c * /I n t. a t Colonial T ru st Co., P ltts b ., tru ste e .
th e balance unissued Is In th e hands of tru ste e to re tire all th e o th e r Issues;
B o n d s . — R em aining bonds a re reserved for extensions an d b e tte rm e n ts.
m ortgage tru ste e Is th e F id elity T itle Sc T ru st C o., P ittsb u rg h .
No sink, fu n d , b u t su b ject to call a t 105 an d In terest.
R O A D .— E m braces 33 miles of tra c k (Including sidings) on a b o u t 17
R O A D .— O perates b e t. W llklnsburg & E a st P ittsb u rg h .— V. 88, p . 881.
miles of street; rails m ostly 00-lb. girder.— V . 63, p . 180.
L IN E S C O N T R O L L E D BY C O N SO LID A T ED T R A C T IO N .
(b) P ittsb u rg h & B irm ingham T rac tio n ,— A tro lley ro ad .
(a) A llegheny T raction.
On J a n . 1 1902 leased for 999 years to th e U n ited T ractio n Co., w hich has
O R G A N IZ A T IO N .— In co rp o rated Ju ly 23 1890. A pril 1 1896 th is
agiecd to pay all In terest, ta x e s, & c . . a n d also $150,000 an n u ally as re n ta l.
com pany was leased to th e F o rt P it t T ractio n C om pany for 950 years a t a
Lease Is g u aran teed by th e P hiladelphia Co.
re n ta l of $25,000 p e r an n u m .
• O R G A N IZ A T IO N .— In co rp o rated A ug. 15 1880; N ov. 19 1889 leased STOCK AND BO N D S—
D a te .
In te r e s t.
O u ts ta n d in g . L a s t d lv .e t c .
p . & B. Passenger R y .. Including S outh Side P ass. R y . Co. H as also leased S tock, $500,000 (par $ 5 0 ) __________
5%
$500,000
See te x t.
a nd operated since D ec. 1891 P ittsb u rg h Incline P lan e Co. an d M t. O liver,
G u a r a n te e d B o n d s —
Incline P lan e Co.: o p erates also B lrm . K noxville Sc A llentow n T ractio n Co. M lllvale E tn a Sc Sharps-)
1893 5 g M-N
750,000 N ov 1 1 9 2 3
In Aug. 1900 purchased th e $400,000 c ap ital stu ck of th e W est L iberty
burg 1st M. $750,000 g / I n t . a t P ittsb u rg h T r. Co., P ittsb u rg h , T ru stee.
S treet R y . a n d c o n stru cted a line to M t. L ebanon. V. 71, p. 343.
D i v i d e n d s . — T he sem i-annual dividend of 2)4 % due J u n e 1 1901 was
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
passed, th e proceeds being used to p a y off th e floating d e b t. In 1902,
Stock ($ 5 0 )-------------------------- -------Text
$3,000,000
See te x t 4 )4 % : In 1903, 1904, 1905, 1906, 1907 a n d 1908, 5% .
1,500,000 N ov 1 1929
1st m ortgage, gold, 5s 1 1889 5 g M-N
R O A D . Including M lllvale E tn a Sc S h a rp sb u rg , 18)4 miles of ro ad .
($ 1 ,0 0 0 )---------------------- c* j F id elity T ru st Co. of P h ilad elp h ia, T rustee.
(b) C entral T ractio n .— Trolley.
B o n d s .......................................................
5 A-O
52,000
.................
L E A S E .— Inco rp o rated Dec. 21 1888. Leased from A pril 2 1896 to
G u a r a n te e d B o n d s —
T raction for 950 y ears a t 3 % p e r annum on p a r value
Blrm K nox & A 1st m tg e .l
1891 6 g M-S
500,000 Sept 1 1931
of $1,500,000 stock (see V. 61, p. 1154); a nd In M ay 1896 stockholders
gold. In terest g u aran teed ./F id e lity T ru st C o., P h ilad elp h ia, T rustee.
Brownsville Ave S t R y l s t M . . 1896 5 F-A
300.000 A ug 1 1926 were offered privilege of exchanging th e ir stock for receipts, w hich w ere
redeem ed a t $30 per share on O ct. 1 1896 In C onsolidated T ractio n Co.
W est L ib erty S t R y 1st m tg e /
1900 5 g J - J
400.000 Ju ly 11930
preferred stock a t p a r. 29,133 shares of C ent. T rac. stock (out of 30,000)
(.Pittsburgh T ru st C o., Trustee.
p.
R O A D .— O perates 33.80 miles of tra c k , laid w ith 90-lb. rails, as follows: have been so exchanged. V.i l62. D a t1087. t e r e s t . O u t s t a n d i n g .
STOCK
e . In
M a tu r ity .
Main line, 24 miles; Brownsville A ve. R y . (all Its $300,000 stock ow ned), Stock ($50)AND eBO N D S— M e s .
see t x t ................................ 3 '%A-031 (30.000 shs. I
See
7.33 miles; Inclines, 2 miles.
A N N U A L R E P O R T .— N ot now a n o p eratin g co m p an y .— V . 69, p. 332, 1st M. $375,000 cable/
6
1889
5 J -J
3° ?3 7 5 ,000 J u l y * ? 1929
334; V. 71, p. 343; V. 72, p. 776.
line, $500.
(In te re s t a t U nion T ru s t C o., P ittsb u rg h .
B o n d s o f C e n tr a l P a s s e n g e r R y . c o n tr o lle d .
L IN E S LE A SE D TO P IT T S B U R G H & B IR M IN G H A M T R A C T IO N .
1st M. $250,0001
4
1894
6 A-O
125,000 O ct 1 1 9 2 4
M t. Oliver Incline R y — O w ned, leased a n d o perated by P ittsb u rg h <s
S
($ 1 ,0 0 0 )----- /In te r e s t a t U nion T ru st Co., tru ste e , P ittsb u rg h .
B irm ingham T ractio n Co. S tock, $100,000. B onds, 1st M. 6s, M. St N ..
D i v i d e n d s . — Feb. 1, 1892, $2 50 In stock; In 1896, F e b ., 2 % in cash;
duo N ov. 1 1901, $41,500. Up to S e p t. 1909 these bonds n o t tak en up.
In 1898, N ov., 1 )4 % In cash; In 1899 and since 3 % per year.
P ittsb u rg h Incline Plane.— Leased for 999 years to P ittsb u rg h St B irm ing
R O A D .— 8.5 miles of ro a d , of which It controlled by ow nership of c ap
ham T ractio n Co., a t re n ta l equal to In terest on bonds a n d 10 % on $150,000 ita l sto ck , C entral Passenger R y ., 3)4 m iles.— V. 62. p . 948, 1087.
stock, free of ta x ; dividends w ere 9 % y early for some tim e, balance being
(c) C itizens’ T rac tio n .— A trolley ro ad .
carried to surplus; b u t la tte rly Increased to 10 % .
O R G A N IZ A T IO N .— Incorpora ed Ju ly 6 1887. On S ept. 1 1887 p u r
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
chased th e e n tire c ap ital stock ($200 000 of th e C itizens Passenger R y .,
Stock (par $100), full p a id .............. ..
Q -F
$150,000
See te x t
which It now holds.
1st m tg e ($1,000 e ac h ).......... c* 1889
6 J-J
150,000 Ju ly 1 1919
L E A S E .— Leased from N ov. 1 1895 to F o rt P it t T ractio n Co. (now
/ 1890
6 J-J
100,000 Ju n e 1 1910
Consol. T raction) for 950 years a t 6 % p e r a n n u m on $3,000,000 c ap ital
2nd m o rtg a g e ---------------------1Subject to call on an y Ju n e I a fte r 1894.
stock. In a ddition th e lessee agreed to p a y a floating d e b t of $175,000,
li n t , a t Fid elity T ru st Co., P h lla., T m stee.
R O A D .— R oad ex ten d s from F o rty Hill, P ittsb u rg h , on B radford S treet and a t m a tu rity m ortgage d e b t. V. 61. p. 661.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
to W ashington A venue, on to p of hill.— V. 71. p. 343.
Stock ($50) fully p a id ..................... .........
6 M-N
$3.000,000f.p. See te x t.
(c) P ittsb u rg h & Charleroi Street R y .— A tro lley ro ad .
1st m ortgage ($1,000) N o t 11887 5 A-O
1,250,000 O ct 1 1927
su b jec t to c a l l ....................... (F id . T itle & T r. Co., P ittsb u rg h , T ru stee.
O R G A N IZ A T IO N .— In co rp o rated April 19 1902 an d to o k over th e C har
B o n d s o f l in e s w h o s e s to c k s a r e o w n e d —
leroi St W est Side R y .; Is leased to th e U nited T ractio n Co. for 900 years
5 J-D
250,000 J u n e 1 1922
from May 15 1902. R en tal Is $1,000 p er year. Bonds arc g u aran teed , P enn S t. Pass. R y. 1st M........... 1892
I n t e r e s t and dividends payable a t U nion N a t. B ank, P ittsb u rg h , P a .
principal an d In terest, by th e U nited T ractio n Co. a n d th e P hiladelphia Co.
R O A D .—Owns 30.5 miles of tra c k on 15 m iles of s tre e t.— V. 60. d . 930
T he en tire Issue of bonds was offered by T . Mellon St Sons an d th e Union
V. 61. p. 112, 516. 661.
’p
'
T ru st Co. of P ittsb u rg h In May 1902.
(d) D uquesne T ractio n .— A trolley road.
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock, $2,500,000 ($50)..............................................
$2,500,000 .....................
L E A S E .— Inco rp o rated J a n . 25 1890. Leased from A pril 2 1896 to
Charleroi St W est Side 1st M - . ____
5%
75,000 Sept 1 1920 th e Consolidated T ractio n for 950 years a t 4 % on th e $3,000,000 stock
P itts & Charleroi 1st M, $2,-1 1902
5 g M-N
2,425,000 May 1 1032
b u t dividends for a y ear a nd a half were w ithheld for p a y m e n t of floating
500.000,
gold ($1,000) c * /ln t. a t U nion T r. Co., P ittsb u rg h , T ru stee. e b t of $180,000. In M ay, 1896 stockholders were allow ed to exchange
d
B o n d s .— Of th e P lttsb . & C harleroi bonds, $75,000 Is reserved to retire a
th e ir stock for receipts, redeem ed O ct. 1 1896 a t $37 per share In 6 % p re
like am o u n t of Charleroi St W est Side bonds. See V. 74, p. 1039.
ferred stock of Consolidated T raction C om pany a t p a r. 52,535 shares o u t
R O A D .— O perates a road betw een P ittsb u rg h a n d A llenport, by w ay of of 60,000 have been so exchanged. See V. 62, p . 1087.
C astle Sh an n o n , Finleyvlllc, M onongahcla C ity an d C harleroi, a d istance of
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
34)4 miles. C om pleted In S ep t. 1903.
Stock ($50) fully p a id .............. / .............
T e x t.
3.000,000
See te x t.
O F F IC E R S —P res., J . D. Callery; Sec., W . B. C arson; T rea s., C. J .
] D lv. payable a t Fidel. T it. Sc T r. Co., P itts .
B raun J r . — V. 74, p. 1039, 1090; V. 76. p . 752
1st m o rtg a g e ........................ c * l 1890 5 J -J
1,500,000 J u ly 1 1 930
(d) A llegheny Bellevue & Perrysville R y.
(F id elity T itle St T ru st Co., P itts ., T ru stee.
D i v i d e n d s were 5 % . J - J , b u t In 1893 and 1894 none paid; In 1895 4 % ;
O R G A N IZ A T IO N .— Inco rp o rated In P en n sy lv an ia on Feb. 8 1905. E n
1896,
3 % in 1899 a nd since,
tire stock Is owned by th e P hiladelphia Co. Is leased to th e U nited T raction In R O A Dnone;t In 1898,lease; In 1896 controlled 114% yearly. having 33 3-16
.— A tim e of
com panies,
Co. for 995 years from M arch 1 1905 a t a re n ta l of 10 % on th e stock.
miles of ro a d .— V. 60, p . 930; V. 61, p. 153, 794, 1154; V . 62, p. 948, 1087.
STOCK AND BO N D S.—
D te .
v ir e s .
O u ts ta n d in g . M a tu r i ty .
(e) For! P itt T ractio n .— See “ Consol. T rac tio n Co.
Stock $250,000 ($ 5 0 ) ............................
10
$250,000
See te x t
(f) M onongahcla S treet R ailw ay—
1st m tge $500,000 gold g u arl 1905
g A-O
500,000 A pril 1 19 35
O R G A N IZ A T IO N .— On May 26 1898, absorbed b y consolidation th e
($ 1 ,0 0 0 )................................ c /P .n n . Co. for In s. on L .& G .A ., P h lla. T rus
B o n d s .— Are g u aran teed , p rln . Sc In t., by Phlla. Co.
In te re st Is payable Schenley P a rk Sc H ighland, H om estead & H ighlands, B raddock Sc H om e
a t co m p an y ’s office or by Brown Bros. St C o., N . Y . a n d P h lla. No sin k stead and th e B raddock & D uquesne.
ing fund and bonds are no t su b ject to call.
In Dec. 1901 the M onongahela S tree t R y ., th e W llklnsburg & E a s t
R O A D .— O perates 8 X miles of tra c k from A llegheny, v ia W cstvlcw to P ittsb u rg h S tree t R y ., th e W llklnsburg Sc V erona S treet R y . and th e
P itca irn <e W ilm erdlng S treet R y. (construction of la tte r tw o roads com
5
Bellevue. G auge, 5 ft. 2)5 In.
'
pleted during y ear 1903-04), w ere merged In th e M onongahcla S tre e t R y .
(e) Ben Avon & Em sw orfh Sfrect R y.
and stock was Increased from $1,000,000 to $7,000,000. See V. 73,
O R G A N IZA TIO N .— In co rp o rated In P en n sy lv an ia on Ju n e 17 1903. p. 1112. On J a n . 1 1902 th e M onongahela S tree t R y. was leased for 999
E ntire stock Is owned by th e P hiladelphia Co. Is leased to th e U n ited T ra c years to th e Consolidated T raction Co. for Interest, ta x e s, e tc ., a nd a n
tion Co. of P ittsb u rg h for 995 years from A pril 1 1006 a t 5 % on sto ck .
an n u al re n ta l beginning w ith $165,000 th e first y ear and Increasing $18,750
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
each y e ar until $315,000 Is reached. Lease Is g u aranteed by P h ilad elp h ia
Stock. $100,000 ($50).........................
A-O
$100,000 See te x t.
Co. M rst dividend u n d e r lease (2% ) was paid In J u ly , 1904. See V . 79,
1st m ortgage, $300,000, g o ld ,/ 1906
5 g
300,000 A pril 1 1936
g u a r ____________________ (F id elity T itle & T ru st Co., P ltts b ., T rustee. Pri 2
1008, 3 V 6 % ^ f ^ 9 0 9 H 4 J% y ’ 1 ^
%i:2
' n 10° 6 ' 3 ' 2 6 % : 1 0 ° 7 ’ 3 * % I
(In terest a t co m p an y ’s office.
STOCK A N D BONDS— M i l e s . D a t e . I n t e r e s t . O u t s t a n d i n g .
M a tu r ity .
B o n d s .—Are g u aran teed , principal and In terest, by th e P h ilad elphia Co.
. . --------- See te x t $7,000,000 See te x t.
Stock $7,000,000------R O A D .— O perates 5.42 miles of tra c k from A valon to D lxm ont. G auge. Mot" ' S.V £ ? A l s t , ? o r t” \
}? ,
1898 5 I? J-J?,
1,000,000 J u n e 11928
5 ft. 2)4 In.
W8 }’000,000 gold__^_ _/
U nion T ru st Co., P ittsb u rg h , T ru stee.
O F F IC E R S .— P res., Jas. D. Callery; V .-P ., S. L. Tone; Sec., W . B ,
Carson; T reas., C. J . B raun J r.
K°.lciI
-1899 5 g M-S
2,000,000 S ept 1 1 929
($1,000) ______c& rj
(3) C onsolidated T rac tio n .— Trolley road.
1901 5 g J-D
602,000 Ju n e 1 1931
W llk. & Ver. M ., $700,1
O R G A N IZ A T IO N .— C hartered Ju ly 15 1895. T he com pany absorbed
000, g. ($l,000)c& rf
th e F o rt P itt T ractio n Co. (a consolidation of F o rt P itt Pass. R y ., Gross P t. & W ll. M ., $700,-( ’ - 1901 5 g J - J
554,000 J u ly 11931
S tree t R y ., H ighland P ark S tree t R y. and Neglcy S treet R y .), an d assum ed
000, g. ($1,000) c& rj
*
Its leases of th e C itizens’ and th e A llegheny T ractio n com panies, a nd has
B o n d s . — T he U nion T ru st Co. of P ittsb u rg h Is tru ste e of all m ortgages
acquired th e control of th e P ittsb u rg h , th e Duqusene a n d th e C entral T rac and Interest Is payable a t Mellon N ational B ank. The W ilks. Sc V er. bonds
tion com panies. In 1902 leased th e M onongahcla S t. R y . and the Subur are gu aran teed , prln. Sc In t., by W llk. Sc E . P itts. S t. R y. Co., M onongahela
b an R ap. T ran . S treet R y. Owns all stock of th e A rdm ore S tre e t R y .. S t. R y. Co., Consol. T raction C o . and P hlla. Co. of P ittsb u rg h .
a nd gu aran tees Its bonds, principal a n d Interest. V. 88, p. 882.
R O A D .— Owns 61.2 miles of tra c k . Including branches; 90-lb. rails.
On Dec. 4 1901 th e stockholders of P h ilad elp h ia C om pany approved
R E P O R T .— N ot now an operating com pany.
Plan *2!' absorbing th e shares of th e C onsolidated T ractio n . Sec term s
O F F IC E R S .— P res., W . L. Mellon: V .-P , A. W . Mellon; T re a s.. W S
In v . 73. p. 1112. 284,200 shares com m on a n d 232,760 shares preferred M itchell.— V. 72. p. 776; V. 79, p. 269, 627, 735.
have been so exchanged.
(g) P ittsb u rg h T raction.— A trolley road.
STO CK —
P ar.
In te r e st.
O u ts ta n d in g . D i v id e n d .
O R G A N IZ A T IO N .— Incorporated A pril 30 1887.
Common s t o c k - - - - . ...................$50
J -J
$15,000,000 J u l y ’09 ,1 %
L E A S E .— Leased from April 2 1896 to th e C onsolidated T ractio n for 950
Preferred sto ck , 6% c u m .......... 50
6 M-N
12,000,000 i\ a y -00 3%
E quip m en t T ru st certificates) 1908
6 F-A
252,000
See te x t years a t 7 % on the $2,500,000 stock (see V. 61, p. 1154) b u t 1)4 y ears’
dividends were used to p ay floating d e b t of $250,000. The full 7 % Is now
$28 0 .0 0 0 — . . . . . . . ------- (Colonial T ru st Co., P ittsb u rg h , T ru stee.
F o rt P itt T ra c t m tge $1,000,; (1 8 9 5
5 g J-D
$1,000,000 Deo 2 1035 being paid. In May 1896 stockholders were offered receipts for th e ir stock,
which were redeem ed a t $70 per share on O ct. 1 1896 In preferred stock of
000 ($ 1 ,000 ) g n o t red c » jI n t. a t P itts. T ru st Co., P itts ., T ru ste e .
N otes payable Ju n e 30 1900 __________ __________ 1,772,973 __________ Consol. T raction Co.; 49.500 shares o u t of 50,000 have been so exchanged
See V. 62, p. 048. P ittsb u rg h T raction owns th e $250,000 c ap ital stock
S t o c k — T h e v ie f . sto ck carries cum . dividends of 6 % p er a n n u m ,
of Bloomfield S treet R y. and g uarantees th e bonds.
a nd has th e rig h t to p a rtic ip a te eq u ally w ith th e com m on stock when
STOCK AND BO ND S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
th a t has received 6 % . All arrears of d ividends were paid up In J a n . 1903. Stock $2,500,000 ($ 5 0 ) ------- - . . . .
7 A-O 31 $38p e r sh. pd. In.See te x t
V. 76. p. 48. F irst dividend of \ % on c o m m o n paid J a n . 2 1003; then 1st m tge 5s.............................. c*( 1887
5 A-O
$750,000 O ct 1 1927
1% Ju ly 1903. In 1904. 2 4; In 1005. 2% ; In 1006, 2% ; In 1007, 2% ; In
(F id e lity T itle Sc T ru st C o., P itts ., T ru stee.
1908, 2% ; In 1909, J a n ., 1% ; J u ly , 1 % .
’
' /0’
G u a r a n te e d B o n d s —
B o n d s .— 'The equipm ent tn is t certificates m a tu re In 10 an n u al Install Bloomfield
S tree t R y ls t( 1893 5 F-A
250,000 A ug 1 1923
m ents of $28,000 each from Feb. 1 1909 to F eb . 1 1018 Inclusive- $28,000
c u r................... ................. - .c * / I n te r e s t a t P ittsb u rg h T ru st C o., T ru stee.
w ere re tired Feb. 1909; th e y are secured by 50 cars costing $350 000.
S to c k . — Issued 50,000 shares, on w hich $38 each has been p a id , s
D IV ID E N D S .— A t co m p an y ’s office, P ittsb u rg h . D ividends In 1805,
8 %; In 1896, none— see above; In 1898, 5 %; In 1899 a n d since, 7 % .
R O A D .— Owns 12.67 m iles of tra c k . Bloomfield S t. R y . ow ns 3 miles.
(h) Suburban Rapid Transit Street Ry.
O R G A N IZ A T IO N .— W as leased on J a n . 1 1902 to C onsolidated T raction
Co. for 900 y ears a t an a n n u al re n ta l of $56,000, as well as paying all charges,
Including In terest a n d tax es.
STOCK A N D B O N D S.—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
J -J
$1,400,000 J u l y ’09, 2 %
Stock $1,400,000 ....................... ...........
1st m tg e
$200,000 gold! 1893 6 g M-S
200,000 S ept 1 1913
($ 1 ,0 0 0 )..... ............... ...........c /I n t. a t Safe D ep. & T ru st Co., P itts ., T rustee
D i v i d e n d s .— In 1903, 4% ; In 1004, J a n ., 2% ; J u ly , 1 % %; In 1905, 4 % ; In
1906, 4 % ; in 1907, 4% ; In 1908, 4% ; In 1909, J a n ., 2% : J u ly , 2 % .
R O A D .— O perates 11.29 miles of tra c k on 6 m iles of stre et.
(1) Mornincside Electric Street Ry.
O R G A N IZA TIO N .— Incorporated In P en n sy lv an ia on Ju ly 14 1904.
E n tire stock Is owned by P hiladelphia Co. Is leased to th e Consolidated
T ractio n Co. for 995 years from S e p t. 30 1905 a t a re n ta l of 5 % on stock.
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock. $24,000 ($ 5 0 )............................
5 A-O
$24,000 See te x t.
1st m ortgage, $200,000, gold.l 1905 5 g A-O
200,000 O ct 1 1935
gu aran teed , principal a n d )In t. a t office of Brow n Bros. & Co., P h lla.
In terest by PhlladelphlaC o J P e n n C o .fo r In s.o n Lives & G .A .,P h lla ..tru s t
R O A D .— O perates 3 1-3 miles of tra c k . Gauge 5 ft. 2 H In.
O F F IC E R S .— P res., J a s . D . Callery; V .-P ., S. L. Tone; Sec., W . B .
Carson: T rea s., C. J . B raun J r .
(4) Seventeenth Street Incline Plane Co.
O R G A N IZ A T IO N .— Is a reorganization on D ec. 28 1904 of th e P e n n . In
cline P lan e Co. E n tire sto ck Is ow ned by th e P h ilad elp h ia Co. Is operated
by th e P ittsb u rg h R ys. Co.
STOCK AND B O N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5250,000 ($50) ................ .......................... ..
$250,000 .....................
1st m tge $125,000 ($1,000)1 1905 5 cu r M-S
125,000 Mch 119 3 5
g u a r ..... ............... ............... c * /I n t. a t Colonial T r Co., P ittsb u rg h , T ru stee.
B o n d s . — No sinking fu n d , and bonds are n o t su b ject to call.
Are g u a ra n
te e d , p rln. & In t., by th e P hiladelphia Co
O F F IC E R S .— P res., J . D. Callery; V .-P ., S. L. Tone; Sec., VV. B. C ar
son; T rea s.. C. J . B raun J r.; A u d ., C. S. M itchell.
(5) Beaver Valley Traction.— A trolley road.
In Ju ly 1905 en tire sto ck was acquired by th e P h ilad elp h ia Co. of P itts
b u rg h . V. 81, p. 506.
O R G A N IZ A T IO N .— In co rp o rated In P en n . In p e rp e tu ity Ju n e 29 1891,
an d owns en tire stock of B e a v e r V a l l e y S t . l i y . a n d of C e n t r a l E l e c t r i c S t . R y
C o . , p u rch ased A ug. 8 1891, o p eratin g them as one road u n d e r 999-year
lease. C h arter and franchise p erp etu al.
In 1900 stock was Increased from $300 000 to $1,000,000 a n d th e n p u r
chased th e stock and p ro p erty of th e People’s E lectric S treet R y . of R oches
te r, th e College & G randview Electric S tre e t R y ., th e R ochester & M onaca
E lectric S t. R y. an d th e B eaver & V an p o rt E lectric S t. R y .; also owns e n
tire c ap ital stock of R lvervlcw E lectric S t. R y . Co., th e Freedom & Conway
E lectric S t R y. Co. an d th e V a n p o rt E lectric S t. R y . Co., none of which
have an y sep arate bond Issues. In J a n . 1902 a u th o rity was given to In
crease stock from $1,000,000 to $1,500,000.
STOCK AND B O N D S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock $1 500.000 (par $50) . . . ..............................
$1,075,000 ............ .........
1st m tge $150,000 g o ld ___ c f 1891
6 g J -J
150,000 Ju ly 1 1911
\ l n t . a t U nion T ru st Co., P ittsb u rg h , T rustee.
2d m tge $100,000 ($500)1
1895 6 g A-O
100,000 O ct 1 1915
g o ld "
....... .......... ....... c*J l n t . a t U nion T ru st C o., P ittsb u rg h , T ru stee.
1st con m tge $1,000,000 goldf 1900
5 g A-O
675,000 O ct 1 1 950
gold .....................................c * ;in t. a t P a. Co. for In s. on Lives & G ranting
[
A nnuities, P h ilad elp h ia, T ru stee.
Gen m tge $3,000,000 ($1,000)1
1903 5 g M-N
500,000 N ov 119 5 3
gold
_
_ _________ c * /ln t. a t N o rth ern T ru st Co., P h lla., T rustee.
P eople’s El S t R y 1st M g o ld ..
1892 6 M-N
50,000 May 1 1 912
People’s Elec S tree t R y 2dl
1895 6 F-A
25,000 Feb 20 15
m tge g o ld _________ ______ /In te r e s t a t U nion T ru st Co., P ittsb u rg h .
B o n d s . — Of th e $1,000,000 consols, $325,000 are reserved to retire u n d e r
lying bonds. B o n d s a r e r e d e e m a b le a t 110 a n d a c c r u e d I n t e r e s t . V. 71, p.
913. Of th e new general m ortgage for $3,000,000, $1,000,000 are reserved
for p rio r liens a n d th e rem ainder for extensions and Im provem ents a t 75%
of cost. The new bonds are redeem able In a n y a m o u n t a t a n y tim e a t 110
a nd Int. Sec V. 77, p. 2158.
R O A D .— Owns and operates 35.63 miles of tra c k ,c o n n e ctin g th e various
tow ns a n d boroughs In th e B eaver V alley, from M orado P a rk so u th erly , via
B eaver F alls, to B eaver a n d V an p o rt and to R ochester an d Conw ay. Laid
w ith 90-lb. and 73-lb. girder rails. Owns 48 cars, w ith street-sp rin k ler and
snow-sw eeper.
,
t ,
E A R N IN G S .— F o r y ear ending Ju n e 30 1907, gross, $268,636; n e t a fte r
tax es, $108,182; In t., $80,699; su rp ., $27,482. No la te r figures published.
O F F IC E R S .— P res., J . D. C allery, P ittsb u rg h ; V .-P ., S. L. Tone; Sec.,
W . B. Carson; T rea s., C. J . B raun J r .; A u d ito r, C. S. M itchell.— V . 77, p.
1224, 2158; V. 81, p. 506, 1664, 1790: V. 87, p . 345.
(6) Pittsburgh A Beaver Street Railway Co.—A trolley road.
O R G A N IZ A T IO N .— In co rp o rated In P en n sy lv an ia J a n . 23 1901.
F r a n c h i s e s p erp etu al.
C apital stock $235,000 ($50 p a r), all ow ned by
P h ilad elp h ia Co. Bonds auth o rized , first m ortgage gold, $1,500,000;
Issued, $750,000, all ow ned by th e P h ilad elp h ia Co.; d ated Ju ly 1 1908,
due Ju ly 1 1938. In t. 5% , p ayable J a n . a n d Ju ly a t co m pany's office,
P ittsb u rg h . U nion T ru st Co. of P ittsb u rg h , tru ste e .
R O A D .— O perates 14.95 m iles In a n d betw een B aden, B eaver C ounty,
a nd L eetsdale, A llegheny C ounty, P a.
WEST PENN RAILWAYS CO.— Trolley and electric lighting.
O R G A N IZ A T IO N .— Inco rp o rated In Pen n sy lv an ia on Feb. 17 1904 and
Is a consolidation of th e P ittsb u rg h M cK eesport & Conncllsvllle R y ., th e
U nlontow n & M onongahcla Valley R y .. th e Conncllsvllle S u b u rban S tre e t
R y ., th e G recnsburg & S outhern Electric S tree t R y. and of 10 electric
lighting com panies In various cities and tow ns trib u ta ry to th e road. In
May 1906 acquired th e controlling Interest In th e M cK eesport & D uquesne
Bridge Co. and th e en tire cap ital stock of L atro b e S treet R y . In addition
to stre e t railw ay, does electric-lighting and power business; also owns
O lym pia P a rk , a sum m er reso rt of 76 acres w ith in 2 m iles of th e city.
F r a n c h i s e s are for 999 years.
N . W . H alsey & Co New Y ork, and th e
M unicipal & Corporation Securities Co. of P ittsb u rg h offered th e bonds for
sale In May 1905. (V. 80. p. 1914.) In 1907 acquired a m a jo rity of th e
stock of th e P ittsb u rg h M cK eesport & G reensburg R y . V. 85, p .2 8 5 .
STOCK AND B O N D S.—
D a le . In te r e s t.O u ts ta n d in g .
M a tu r ity .
Common $3,250,000 ($100).......................................
$3,250,000 __________
Preferred $2,750,000 5 % non-1 ___
5 Q -F
2,750,000 A ug. '0 9 ,1 X
cum ($100)---------------------- /
F irst m tg e $6,000,000 gold)
1905 5 g A-O
5,496.000 J a n 1 1931
($500 and $ 1 ,0 0 0 )______c * /ln t. a t Colonial T ru st Co , N. Y ., T rustee.
P McK & C 1st con m tg e .l
1901 5 J -J
3,000,000 J a n 1 1931
$3,500,000 ($1,000), g o ld .)In te re s t a t M ercantile T ru st Co., P ittsb u rg h
C annot be called_________ I T ru stee.
1902 5 g J - J
175,000 J a n 1 1932
Con Sub S t R y m tge, $175,-1
000, g u a r................................ / I n t . a t M ercantile T ru st Co., P itts ., T rustee.
B o n d s . — In add itio n to th e Issues given above, th e re are $469,000 under
lying liens o u tsta n d in g , b u t as these will be tak en up w ith a like am ount
of th e new bonds, ice o m i t t h e m f r o m t h e s t a t e m e n t . Of th e new $6,000,000
bonds, $504,000 are reserved to retire prior liens. No. sink. fd. and are not
su b ject to call. See V. 80, p. 1914. As a d d itio n al secu rity for bonds, $999,
600 s tk . of W est P enn. In te ru r. R y s., $2,999,600 of P itts. M cK. & Connells.
R y ., $149,600 of G reensb. & Sou. Elec. S t. R y .. $825,250 of W est Benn
Elec. Co., $238,500 of W estm oreland L t., H e a t & Pow . Co., a n d $100,000 of
L atrobe S tree t R y. Co., m ak in g a to ta l of $5,312,550 deposited w ith tru stee.
T he Connellsv. Sub. bonds were gu ar. p. & 1., by th e P itts . M cK. & Connellsvllle S treet R y.
D i v i d e n d s . — T he first q u a rte rly div id en d on preferred stock 1 M %, was
paid Feb. 1 1906 and 1 If % was paid May 1, A ug. 1 and N ov. 1. In 1907,
5% ; In 1908, 5% ; In 1909, F eb ., 1 M % : M ay. 1 H % : A ug , 1 H % .
E A R N IN G S .— F o r y e a r ending Ju n e 30 1909, Including sub sidiary com
panies, gross, $1,639,762; n e t (after ta x e s), $765,157; fixed charges,
$456,714; dividends (5 % ), $137,500; su rp lu s, $170,943.
R O A D .— Owns and operates 143.41 m iles of road from D uquesne (ad
joining P ittsb u rg h ) to M cK eesport, V ersailles, B uena V ista, M t. P leasan t.
S c o ttd a le , Connellsvllle, Lelseurlng, D u n b ar, U nlontow n, Falrchance,
L a tro b e an d G recnsburg. This Includes th e m ileage of th e P itts. M cK. &
G reensb. R y . Laid w ith 70-lb. T rail In th e co u n try a n d h eav y g irder rails
I n cities an d tow ns.
O F F IC E R S .— C hairm an of B oard, E . C. Converse, N orw ich, C onn.;
P res., W . S. K uhn; V .-P ., J a s . S. K uhn; Sec., R o b t. P . W att; T reas., J . B.
Van W agener, all of P ittsb u rg h .— V. 83, p. 325, 689; V. 84, p. 451, 997;
V. 85, p. 285, 532; V. 86, p. 422, 1411; V . 88, p . 508.
(1) Pittsburgh McKeesport & Qreensburg R y.— A trolley road.
In 1907 th e W est Penn R ailw ays acquired a controlling Interest.
O R G A N IZ A T IO N .— A consolidation on Ju n e 28 1901 of th e G reensburg
& H em pfleld Electric S t. R y. a nd th e W estm oreland R y .
All f r a n c h i s e s are
p erpetual and a b o u t tw o-thirds of th e road Is over p riv a te rig h t of w ay.
i STOCK AN D BO ND S—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
$1,030,000
.................
' S tock. $1,500,000....... .................................................
1st M, $1,500,000 ($1,000),r 1901
5 g J -J
1,500,000 J u ly 1 1931
gold ...................................... c( In t. a t H arrisburg T r. Co., H a rrlsb ., T rustee.
[or a t M anufacturers’T r.C o.,P rovidence, R . I.
R O A D .— Owns and operates 28.9 miles of tra c k from Trafford C ity (where
connection is m ade w ith th e P ittsb u rg h R ys. Co.) thro u g h J e a n n e tte and
G reensburg to Y oungw ood a nd H un k er. 74-lb. T and 90-lb. girder rail.
Gauge, 5 ft. 2 H in.; 22 cars. Owns In fee one pleasure p a rk . Pow er sup
plied by th e W estm oreland L ight, H e at & Pow er Co.
O F F IC E R S .— P res., L. B. H uff; V .-P ., W . S. K uhn; T reas., J . B. V an
W agner; Sec., B yron Trim ble; S u p t., M. A . Coffey.— V . 76, p. 811; V . 83,
p. 1525; V. 84, p. 221.
PITTSBURGH & BUTLER STREET R Y — Interurban trolley.
O R G A N IZ A T IO N .— Incorporated In P ennsylvania J a n . 1905. Has a
long-tim e c o n tra c t w ith th e P ittsb u rg h R ailw ays Co. for th e use of th eir
tracks from L iberty and M arket S tree ts, P ittsb u rg h , to E tn a . P riv ate
rig h t of w ay from E tn a to B utler.
STOCK AND BO N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $1,590,000 ( $ 5 0 ) ........................................... $1,500,000
... . ..
1st m tge $1,500,000 ($1,000) f 1905
5 g M-N
1,500,000 M ay 11935
gold
.
_______ c*i In t. a t P itts. T ru st Co., tru ste e , or Colonial
l
T ru st C o .. N ew Y ork.
B o n d s . — No
sinking fund and bonds are n o t subject to call.
R O A D .—T o tal length of line, 38.51 miles, betw een B u tler and P itts
burgh, P a ., of which 5.4 miles are over the track s of the P ittsb u rg h R ailw ay
Co. S tan d ard gauge; 70-lb. T a nd girder rails; 18 cars.
O F F IC E R S .— P res., George H eard, P ittsb u rg h ; 1st V .-P ., George E .
T ener Sewlckley; 2d V .-P ., Chas. Gib on J r ., P ittsb u rg h ; Sec. a nd T reas.,
D . I. P arkinson, P ittsb u rg h ; Gen. M gr., W . II. P ap e, B utler.— V. 81, p.
1849; V. 82, p. 1157; V. 84, p. 1552.
PITTSBU RG H & A LLEGHENY VALLEY RY .— A trolley road.
In Ju n e 1906 control of the road was acquired by M. K . McMullln & Co.
of P ittsb u rg h . See V. 82, p. 1438.
R e c e i v e r s h i p .— On Ju ly 18 1907 the G uarantee T itle & T ru st Co. of P itts
burgh was appointed receiver. V. 85, p. 161.
F o r e c l o s u r e .— Proceedings w ere com m enced Feb. 1909 to foreclose the
first m ortgage. F o r proposed reorganization plan see V. 88, p. 507.
O R G A N IZA TIO N .— Incorporated In P ennsylvania as a consolidation In
D ecem ber 1902 of the Apollo V andergrlft & Leechburg Electric S treet R y.
and th e V andergrlft & New K ensington S treet R y . Owns entire capital
stock of the Apollo Electric L ight, H eat & Pow er Co., the Leechburg Elec
tric Light & Pow er Co. a nd the K lsklm lnetas Bridge Co. W ill operate over
p rivate rights of w ay except In tow ns.
STOCK AN D B O N D S— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $ 1 ,5 0 0 ,0 0 0 ......................................................
(?)
.....................
1st m tge, $1,100,000, gold/ 1903
5 g J -J 15
$533,000 J a n 15 1933
($500 and $1,000)_______ cJSafe D ep. & T ru st Co., P ittsb u rg h , tru stee.
S t o c k a n d B o n d s . — Correct a m o u n t of stock o u t has n o t been determ ined.
Bonds c an n o t be called before m a tu rity . See V. 75, p. 1401.
E A R N IN G S .— F o r y e ar ending Ju n e 30 1909, gross, $46,455; n e t, $27,468
R O A D .— Is to operate 20 miles of tra c k connecting Apollo, V ander
g rlft, H yde P a rk and Leechburg and Valley C am p, A rnold, New K ensington
and Parnassus, of which 8 K ndles betw een Apollo, V andergrlft, H yde P a rk
and L eechburg a re In op eratio n . 75-lb. rail.
O F F IC E R S .— P res., O. W . K ennedy, U nlontow n, P a .; Sec., J . D. O rr,
L e e c h b u rg ,P a .; T rea s., S. M. Jac k so n , A pollo, P a .— V. 82, p. 1438: V.
85, p . 161; V. 86. p. 982; V. 87, p . 740.
PITTSBURGH HARMONY BUTTLE^ & NEW CASTLE RY. CO — A
trolley road.
O R G A N IZ A T IO N .— Is a consolidation In 1906 of several sm all com.
' :s. The U nion T ru st Co. of P ittsb u rg h a nd D arr, L uke & Moore ofth e bonds for sale In S ept. 1906. V. 83, p. 752.
STOCK A N D B O N D S.— D a t e .
In te r e st.
O u ts ta n d in g .
M a tu r ity
Stock $3,000,000...........................................................
$3,000,000 ............ .........
1st m tge $3,500,000 goldl 1906
5 g J-D
2,500,000 Ju n e 1 1936
($ 1 ,0 0 0 )__________ ____ c*J In t. a t U nion T ru st Co., P ittsb u rg h , T ru ste e ,
B o n d s . — T he $1,000,000 unissued are reserved for future extensions.
R O A D .— O perates 75 miles of tra c k from P ittsb u rg h , via W tx fo rd ,
E vans C ity, H arm ony a n d Ellwood C ity, to New C astle, w ith a branch lrom
E vans City to B utler. E nters P ittsb u rg h over the tracks of th e P ittsb u rg h
R ys. Co. On Ju ly 4 1908 line was opened betw een B utler an d New C astle.
R em ainder p u t In operation on N ov. 14 1908.
O F F IC E R S .— P res., R . H . Boggs; V .-P ., W . A. G oehrlng; Sec. a nd
T rea s., M ark G. HIbbs; S u p t., H a rry E th re d g e.— V . 83, p . 752.
S
ST. CLAIR INCLINE PLANE.—A cable road.
O R G A N IZ A T IO N .— C hartered Sept. 0 1885. R oad com pleted In 1880.
S tock. $150,000, f. p.; 1st m ortgage, $1,000 each; 6s, M-N, $75,000. due
N ov. 7 1909. In te re st a t Mellon N a t. B ank. D ividends: In J a n . 1893,
2H %; Ju ly 1 1906, l %; J a n . 1 1907, 1 %. R oad Is fo u r-ten th s of a m ile
ong. Gross earnings for 1907 were $21,929.
O F F IC E R S .— P res, a nd S u p t., W . S. H ughes; T rea s., R . B. Mellon; Sec.
H . A . Phillips. Office, 514 Sm lthfleld S t., P ittsb u rg h .
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC STREET RY.
O R G A N IZ A T IO N .— In co rp o rated In 1886; presen t c h a rte r secured on
O ct. 1 1890.
STOCK AND B O N D S.—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $300.000 .
................................................
$300,000 1907-08. 6 %
1st m ortgage gold $300,0001 1904
4 g J -J
300,000 Ju ly i1*.033
($1,000)
..... ....................c * /ln t. a t B erkshire L. & T r. Co., I ltts f ld.M ass.
R O A D .— Owns 29.51 miles of tra c k . R oad s ta n d a rd gauge w ith 60 and
90-lb. T a nd girder rails. H as 37 passenger cars a nd 5 other cars.
E A R N IN G S .— F or year ending S ep t. 30 1008, gross, $206,656; n e t,
$61,797; taxes and Interest, $25,094; dividends (8% ) on $300,000 (Includ
ing 2% deferred dividend), $24,000; insurance, $7,200; p a rk expense,
$1,976: balance, surplus, $3,527.
O F F IC E R S .— Pres. P . C. D olan; T re a s., Charles E. M errill; .Sec., J . M.
S tevenson.— V. 79, p. 1267; V. 84 p. 868, 1308; V. 86, p. 230.
PLATTSBURGH, N. Y.
PLATTSBURGH TRACTION CO.—A trolley road.
C ontrol Is held by the D elaw are & H udson Co.
O R G A N IZ A T IO N , &c.— C hartered May 27 1896. F r a n c h i s e 50 years
from N ov. 20 1895. C apital stock, $100,000 (par $100). F irst m tge. 6%
gold bonds of 1896, due 1926; Int. J -J a t New York T ru st Co., N. Y ., T ru s
tee; au th o rized , $100,000: issued, $80,000. F o r y ear ending Dec. 31 1908,
gross, $26,186; net, $10,737; fixed charges, $8,157; surplus, $2,580.
R O A D .— Owns 7.65 m iles of tra c k ; rail, 50-lb. T . P res., E . N. Sander
son; V .-P ., C. S. Sims; 2d V .-P ., W . H . W illiam s; Sec., J a s . McCredle;
T reas. a nd Gen. M gr., M. C. C arpender.
PLYMOUTH, MASS.
BROCKTON & PLYMOUTH STREET RY.
O R G A N IZ A T IO N .— C hartered on J a n . 3 1900 as th e 'P c m b ro k e S t. R y.
to operate a railw ay In th e tow ns of Pem broke and K ingston. In Sept.
1900 was consolidated w ith th e P ly m o u th & K ingston S tree t R y. and the
B rockton & P lym outh S tree t R y ., and In N ov. 1900 nam e changed as above.
In Feb 1907 M ass. R R . Commission g ra n te d a u th o rity to do a freight
business In th e tow ns of W hitm an, H anson a nd P e m b r o k e .F r a n c h is e p e r
p e tu a l.
STOCK AN D B O N D S.—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
S tock, com. $295,000 ($100)...............
..............
$295,000
P ref $110,000 ($100) 6% cu m \
(redeem able a t 1 1 2 )_______ j ------6 M-S 15
110,000 S ep t 15 *09 3 %
1st m ortgage $300,000 gold) 1900
g J-D
200,000
Dec 1 1920
($1 0 0 0 ) ____________ - . c * / I n t . a t Old Colony T r. C o.. B oston, T rustee.
P ly m o u th A K ingston 1st Ml 1890
5 J-J
35,000 Jan 1 1910
$35,000($100,$500,$1,000) c / I n t . a t In te rn a t. T r. Co., B oston, T rustee.
B o n d s. — Of th e new $300,000 m ortgage, $35,000 are reserved to retire the
P ly m o u th A K ingston R y . bonds. See V. 72, p . 44.
E A R N IN G S .— F o r years ending Dec. 31—
1908.
1907.
1906.
1905.
1904.
Gross e a r n in g s ______ $122,266 $119,365 $111,775 $102,143 $101,124
O p e ra tin g e x p e n s e s.. 88,440
87,705
70,894
70,665
71,509
N e t earn in g s______ $33,826
F ixed ch arg es_______ 26,755
$31,660
21,379
$40,881
21,855
$31,478
2,1291
$29,615
23,029
S u r p lu s ..................... $7,071
$10,281
$19,026
$10,187
$6,586
in itial d iv id en d — 3 % — was paid on pref. S ep t. 15 1909.
R O A D .— P ly m o u th th ro u g h K ingston, Pem broke and H anson to W h it
m a n , 24.2 m iles of tra c k . O perates 25 passenger and 7 o th er cars. S ta n d
ard gauge. 60-lb. rail.
O F F IC E R S .— P res., Jam es D . T h u rb er; V .-P s., C has. I . Litchfield and
F rederick S. P r a tt: Clerk, C lem ent R. Ford; T rea s., H en ry B. Saw yer;
Mgr. A T ran s. Ag’ts, Sto n e A W ebster, B oston.— V.77, p.2158; V .8 8,p.748.
D i v i d e n d s .— An
POMEROY, OHIO.
OHIO RIVER ELECTRIC RY. & POWER CO.—A trolley road.
O R G A N IZ A T IO N .— In co rp o rated In 1900. Owns all th e cap ital stock
^$50,000) of th e P om eroy A M lddleport E lectric Co.
STOCK A N D B O N D S.— D a t e .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock $300,000 ( $ 2 5 ) ------------ ---------------------$300,000 .
1st m tge $315,000 gold($100,) 1900
5 g J -J
315,000 Ju ly 11924
$500, $1,000)----------------c * /I n t. a t C olum bia A ve. T r. Co., P h lla ., T ru st
E A R N IN G S .— F o r y ear ending Dec. 31 1908. gross. $57,210; n e t, $19.
133; charges, $17,858; su rp lu s, $1,275.
R O A D .— Owns and operates 14)4 m iles of road ex ten d in g th ro u gh Mldd lc p o rt, P om eroy. Syracuse and R aelnc Ohio.
O F F IC E R S .— P re s ., Percy M .C handler; V .-P . and Gen. M gr., Jo h n B lair
M acAfee; Sec., J. Clark Moore; T rea s., Jos. T. W alm sley. G eneral office,
3d a n d W aln u t stre ets, P h ilad elp h ia, P a.
PORT JERVIS, N. Y.
PORT JERVIS ELECTRIC LIGHT, POWER. OAS & RR. CO.
S a l e .— On J a n . 27 1909 bondholders’ p ro te c tiv e co m m ittee purchased
p ro p e rty of com pany a t au ctio n for $250,000. V. 88, p. 296. In te re s t on
$285,000 o u tsta n d in g first m ortgage bonds had been In d e fa u lt since and
Including Ju ly 1 1907. V. 88. p. 158.
O R G A N IZ A T IO N .— (' as a consolidation In 1901 of th e P o rt Jervis
E lectric S tre e t R y. Co., th e P o rt Jerv is Light & Pow er Co., th e P o rt Jervis
Gas Co. and the Deer P a rk Electric Co.
R O A D .- O p erates 4 >4 miles of tra c k ; 60-lb. T rail; 6 cars. Supplies the
c ity w ith lig h t.— V. 74, p. 380; V. 88. p. 158, 296.
PORTLAND, IND.
THE M UNCIE & PORTLAND I'RACl lO .
A trolley road.
O R G A N IZ A T IO N .— In co rp o rated Ju ly 1905 In In d ia n a . F r a n c h i s e s
d tle s an d tow ns 50 years; In counties p erp etu al.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
A fa tu r ity
C om m on. $1,000,000 ($100)....................... .............
$1,000,000 .
$1,000,0001 1905
5 g J -J
N one. Ju ly 1 1935
1st m o rtg ag e,
($1,000) cold. N o s . f c*J In t. a t American T ru st & Sav. B k., Ch. Tr.
B o n d s. — $900,000 bonds which were o u tsta n d in g were placed In tre a s
u ry
of com pany
by stockholders who owned
them
In 1909.
R O A D .— O perates 32 miles of tra c k betw een Muncle a n d P o rtla n d , In d .
70-lb. T rail.
O F F IC E R S .— P res., E. B. Ball; V .-P ., W . C. Ball; Sec., G. A. Ball;
T rea s., F . C. Ball, all of Muncle, In d .; Gen. M gr., E . B. Lincoln; A ud.,
E. J . S k eh an , b o th of P o rtla n d .— V. 82, p . 1438.
PORTLAND, ME.
PORTLAND R A ILR O A D .— Trolley.
O R G A N IZ A T IO N .— C hartered M arch 1863 u n d er laws of M aine. Con
tro ls P o rtla n d A Cape E lizab eth R y ., Cape Elizabeth S t. R y ., P o rtla n d &
Y arm ou th E lectric R ailw ay and W estbrook W indham & N aples. P rac
tically all of th e cap ital stock of those com panies, to g e th e r w ith th e entire
Issue ($350,000) of n rs t m ortgage bonds of th e P o rtla n d A Y arm outh Elec.
R y ., has been pledged as secu rity for th e consolidated m ortgage bonds of
the P o rtla n d R R.
STO CK A B O N D S.— M i l e s . D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stk.auth .$ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ) . . . ___
F-A
$1,998,600 Aug. 1. ’0 9 .2
P o rtR R lstM $ 5 0 0 ,0 0 0 g . . 16>4 1893 4)4 f M-N
500.000 May 1 1913
P o rtla n d & Cape Eliza 1st Ml 1895
5 g M-N
_ ,_ Nov 1
_
400.000 ___ . 1915
$400,000 gold ($1,000)----- J ln t. a t A m er. T r. Co., B oston, Trustee.
P o rt R R 1st con $3,000,0001 1901 3)4 g J -J
1,350,000 Ju ly 1 1951
($1,000 A $500) g o ld . . c * |I n t. a t P o rtl'd T r. Co., P o rt., T rustee.
B o n d s . — Of th e authorized Issue of $3,000,000 consols, $1,000,000 are
reserved to retire $900,000 prior liens and $650,000 are held for extensions.
Bonds c a n b e c a ll e d a t p a r on a n y Interest d ate a fte r Ju ly 1 1931. V. 73,
. 139. P o rtla n d R ailroad Co. g u aran tees th e In terest on $400,000
onds of th e P o rtlan d A CaDe E lizabeth R y ., b u t n o t principal.
D frs .l ’95. ’96. ’97. ’98. ’99. ’00. ’01. ’02. .03. ’04. ’05. ’06. ’07. ’08. ’09.
P .C ./ 8
6
6
6
6
5
6
3
3
3
3
3 )4 4
4
4
R O A D .— O perates a b o u t 100 miles of tra c k , Including a line from P o r t
land to Y arm o u th , a line from P o rtlan d to Cape Elizabeth, a line from
P o rtla n d to G orham and South W indham , and extensions to Saco and to
Old O rchard B ranch.
A N N U A L R E P O R T .— F o r th e years ending Ju n e 30 as below:
1909.
1908.
1909.
1908.
Gross earn in g s__ $785,478 $782,489 Dividends .................$79,944 $79,944
N et earn in g s____ 213,195 212,576 Surplus for y e a r____ 13,700 15,437
In te re s t A t a x e s .. 119,551 117,195,
O F F IC E R S .— P res., C has. F . L ibby; Gen. M gr., Chas. F . B erry. Office,
P o rtla n d , Me.— V . 73, p . 139.
E
PORTLAND & BRUNSWICK STREET RAILWAY CO.
O R G A N IZ A T IO N .— Inco rp o rated In Maine on A pril 22 1901. C harter
perpetual.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock. $300,000 ($100).............. .................................
$300,000 ..................
F irst m ortgage. $225,000 g / 1902
5 g M-S
225.000 Mch. 1 1922
($500 and $1,000).............. c )In te re s t a t A u g u sta T ru st Co., A ugusta, T r.
R O A D .— Owns road, 16.4 miles long, Brunswick to Y arm outh, through
Freeport (Including second tra c k , 17 m iles); 60-lb. T rails. Connects w ith
th e track s of th e P o rtlan d R R . for entran ce Into P o rtla n d . 14 cars.
EA R N IN G S.— For y ear ending Ju n e 30 1907: Gross, $45,447; n e t,
$15,599; Interest, ta x e s, A c., $12,585; surplus, $3,014.
O F F IC E R S .— P res., E. J . Law rence; Clerk, H e rb e rt M. H eath ; T re a s.,
Charles F . Johnson; A gent, A. U. Pave.
STOCK AND BONDS—
D a te .
I n te r e s t. O u ts ta n d in g .
M a tu r ity .
Q-M $10,000,000 S ept ’09, 1 %
Common, $10,000,000.........................
Pref, $5,000,000 (see t e x t) ...................
Q -J
5,000,000 O c t’09, 1 )4%
P o rtland R y L t & P coll tru s tl 1906
5 g J -J
3,000,000
Ju ly 11931
m tge, $3,000,000 g o ld ..c * [T ru s t Co. of A m erica, New Y ork, T ru stee.
J In te re st a t office or agency In New Y ork.
Portland R y first and refund’! 1905
5 g V-N
6,724.000 N ov. 1 1930.
lng m ortgage, $10,000,000, [In terest a t office of R edm ond & Co , N . Y .;
gold ($1,000) sink fu n d ..c * j New York T ru st Co., Trustee.
P ortland R y Light A Pow crl 1906
5 g M-S
See te x t.
S ept. 1 1935
gen sink fd m tge, $15,000,-)T rust Co. of N orth A m erica, P h lla ., T rustee
000 ($1.000) gold---------- c* J In te re st a t c o m pany’s office In New Y ork.
P ortland R y L t & P , n o te s,1 1907
5 M-S
1,000,000 Mch. 1191*
$1,000,000, gold ($1,000). c / I n t . a t E q uitable T r. Co., N . Y . T rustee.
P o rtlan d R y L ight & Power) 1909 5 M-N
1,087,000
May 11912
notes. Series C, $ 5 ,0 0 0 ,0 0 0 [ln t a t G uar. T r. Co., N . Y ., tru*., or E W
($1,000) gold..........................J Clark & Co.. P hlla. Can be called a t 101
| on 60 days; notice.
W illam ette Bridge R y first) 1889
6 M-S
100,000 Mch. 1 1914
m ortgage ($1,000 each) — /In te r e s t a t A m erican T ru st Co., B oston, T r.
C ity & S u burban consol M ,not) 1891
6 g M-S
87,000 S ept. 1 191#
su b ject to call ($1,000) g o ld jln t. a t Sec. Sav. & T r. Co., P o rtla n d , T ru s.
C ity & Sub new m tge, $3,000-1 1900 4 J -J
1,290,000 Ju n e 1193f
000 ($1,000) subject to call [In terest a t S ecurity Savings A T ru st Co.,
a t p a r a fte r Ju n e 1 ’15, g .c * j P o rtla n d , T rustee.
M ultnom ah S treet R y first) 1890 6 g J-D
126,000 Ju n e 1 191#
m ortgage, g o ld ________ c * /ln t. a t A m er. T r. A Sav. B k., Chicago, T rus.
500,000 F e b .15 1921
P o rtlan d City A Oregon first) 1901 6 g F-A
m tge, $500,000($l,000)g.c*/ In t. a t T ru st Co. of A m er., N. Y ., T rustee.
Ore W P & R y first m tge, $5,-1 1002 6 g J -J
3,931,000 Ju ly 11932
000,000 ($1,000) gold
c* j In t. a t L and T itle & T r. Co., P h lla., T rustee.
P ortland Gen El first m tge,) 1905 5 g J -J
5,679,000 Ju ly 1 1935
$10,000,000 g ($ 1 ,0 0 0 ).-c * ] ln t. a t U. S. M tge. & T ru st Co., N . Y .. T rus.
S t o c k .— T he preferred stock Is 5% cum ulative; can be redeem ed a t 105.
A fter 6% Is paid on com m on, preferred a nd com m on share alike.
B o n d s .— The coll. tr. m tge. bonds are su b ject to call on 8 w eeks’ notice a t
105 a nd Int. Sink, fund of $30,000 yrly. becom es o perative J u ly 1 1911.
Of the $15,000,000 general m ortgage bonds, $7,875,000 arc reserved for prior
liens a nd $4,175,000 for Im provem ents and extensions a t 85% of cost; there
are $2,950,000 bonds out; $1,500,000 of these arc being used as collateral
to secure the $1,000,000 note Issue of 1907 and rem aining $1,450,000 to
secure note Issue of 1909. A dditional notes of Series C m ay be Issued up o a
deposit of a d ditional general m ortgage bonds a t 75. V. 84, p. 997; V. 8$,
p. 1002. These general m ortgage bonds can be called a t 107)4 on 60 d a y s’
notice on any Interest d a y . Sinking fund of $25,000 com m ences S ept. 1
1917 and Is to be paid yearly until 1922; beginning Sept. 1 1923 $50,000
yearly until m a tu rity . These am ounts are to be paid until o u tsta n d in g
bonds exceed $7,000,000, and then Increased proportionately.
Of th e $10,000,000 P ortlan d R y. bonds, $1,603,000 are reserved for prior
liens and $1,6.3,000 for additions and extensions a t 80 % of cost. A s i n k i n g
f u n d com m enctd In 1007; the am o u n t Is $25,000 per annum from 1907 to
1909 Inclusive; $40,000 per annum from 1910 to 1919lncluslve,and $60,00#
per annum from 1920 to m a tu rity of bonds, which a m ounts are to be In
creased proportionately as new bonds are Issued; said funds to be Invested
In the bonds a t not more th a n 105 and Interest, a t which price bonds can
be called for the purpose. Bonds are to be kept alive and b ear Interest.
Pee V. 81, p. 1437. T he bonds are listed on th e New York a nd P hiladelphia
stock exchanges. V. 82, p. 806; V. 83, p. 1471.
Of th e Oregon W ater Pow er & Ry. first m ortgage for $5,000,000, 53,931 ,
000 are o u tsta n d in g and no m ore can be Issued excepting $500,000 to retire
underlying liens. Bonds are su b ject to call on or a fte r Ju ly 1 1912 a t 105
and Interest. A s i n k i n g f u n d for these bonds Is to be 25 % of n e t earnings,
afte r deduction of Interest and taxes and b e tte rm e n t expenditures, each
y ear a fte r July 1 1907. V. 8 1 , p. 156. T he P ortland C ity A Oregon bonds
can be called afte r Feb. 15 1911 a t p ar and accrued In terest, upon 60 d a y s ’
notice. S l n k i n o f u n d of $5,000 per annum on these bonds for th e first four
years and $10,000 th e re a fte r becam e operative on Feb. 15 1907.
The P ortland General Electric Co. bonds are su b jec t to call on and after
July 1 1915 a t 107)4 and Interest. A sinking fund of 1 % per annum of
bonds ou tsta n d in g commences May 1 1015.
E A R N IN G S .— For 12 m onths ending Dec. 31 1908, gross, $4,351,676;
net, $2,229,190; fixed charges, $1,384,542; surplus, $844,648. In 1907,
gross. $4,050,145; net. $1,772,825: fixed chges., $1,279,368: su rp ., $493,457.
D i v i d e n d s .— D ividends of 1 M % q u a rte rly have been regularly paid oa
pref. since the organization of the com pany. On com m on initial dividend
— 1% — was paid S e p t. 1 1909.
RO AD. - -o p e ra te s a total of 219 miles of single track . Also owns w ater
power of 15,000 h. p. on Clackam as R iver anil of 8,600 h. p. on W illam ette
R iver, to gether w ith transm ission lines. Also a steam statio n of 13,000
h. n. In P ortland (1.000 h. p at Salem) an<) the nnlv nark and am usem ent
re so rt n e a r P o rtla n d . Also real e sta te In P o rtla n d suitable for term inals.
T r a n s f e r A g e n t s o f S to ck . — E. VV. Clark A C o .. P hiladelphia, Pa.
O F F IC E R S .— P res., B. 3. Josselyn, P ortla n d ; V .-P ., F . I. F uller,
P o rtland, a n a H . L. C lark, P bllauelp.da; Sec. auu A sst. T rea s., G. L. Estabrook, Philadelphia; T reas. and A sst. .Sec,, C. N. H uggins. P o rtla n d ;
\u illto r, R w . S h ep h erd .—V «4. n < >7 74 9, 997 U 14; V. #5, p. 42;
”
V. 86, p . 1044, 1530; V . 88, p. 1002, 1197; V . 89, p. 287.
OREGON ELECTRIC RY.— An Interurban road.
O R G A N IZ A T IO N .— Incorporated In Oregon on May 14 1996
Exclus
ively an In teru rb an road. Does no s tre e t railw ay business. Principally on
p riv a te rig h t of w ay. H as a c o n tra c t for pow er (extending to 1*33, w ith
privilege of renew al for 25 years) w ith P o rtla n d R ailw ay, Light A Pow er Ce.
STOCK AND BONDS—• D a t e .
I n te r e s t.
O u ts ta n d in g . M a tu r i ty .
Common $5,000,000 ($100)............................................$1,950,000 ........................
P ref $5,000,000(5100) 6% c u m ___
6%
400.000 .....................
F irst m ortgage $10,000,000) 1908
5 g M-N
2,000.000 May 11933
($1,000) g o ld ---------- c* A r. j In te re s t a t C olum bia T ru st Co., T rustee.
B o n d s . — $8,000,000 rem aining bonds reserved for p erm anent extension#
and Im provem ents a t 80% of cost. Bonds are subject to call as a whole
or In p a rt a t 107 and Interest on Nov. 1 1910 or any In terest day th e re a fte r.
R O A D .— O perates betw een P o rtla n d and Salem , 49.07 miles; and be
tw een G arden H om e and Forest G rove 20.50 miles. T o tal length of Un#
69.57 miles. S ta n d a rd gauge. 70-lb. T rail.
O F F IC E R S .— P res., Geo. B arclay M olfat. New Y ork; V .-P . a nd M gr.,
Guy W . T a lb o t. P o rtland: Sec., Geo. F. N evlns, P ortla n d ; T rea s., W illiam
Barlow J r ., New Y ork.— V. 89, p. 847.
PORTSMOUTH, OHIO.
PORTSMOUTH STREET RAILROAD & LIGHT CO.
O R G A N IZA TIO N .— Commenced operations In 1894.
STOCK AND BONDS—
D a te .
In te r e st.
O u ts ta n d in g .
M a tu r ity .
Stock, $500,000.............................................................
S2’’5 ’£2° .....................
F irst m ortgage, $250,000.) 1906
5 g J -J
200^)00 Ju ly 1 1 9 1 0
gold, sinking fu n d .............. .1 In te re st a t B ankers’ T ru st Co., N . Y ., T ru s.
B o n d s . — A sinking fund will retire $25,000 of bonds annually; $25,00#
retlrcu Ju ly 1 loo / and $25,ooo Ju ly 1 luu8. E n tire Issue Is subject to cail
on and afte r Ju ly 1 1911 a t 102.
E A R N IN G S .— For the y ear ending Dec. 31 1907. gross, $160,273; net,
$52,231; Interest. $16,831; s ’-rnlim. $35,400.
R O A D .— O perates 14 H miles of single tra c k , including 2)4 m iles leased.
An extension of 3)4 miles In th e city Is under c onstruction, of w hich 2 U
m iles is com pleted. 70-lb. T rail.
O F F IC E R S .— P res., L. D. Y ork. B. 83, p. 070, 1171.
POTTSVILLE, PA.
EASTERN PENNSYLVANIA RAILWAYS CO.— (See
M a p o n p a g e 99.)
O R G A N IZ A T IO N .— Incorporated In Pennsylvania In 1891 as the Tam aq u a A Lansford S tree t R y ., and nam e changed In 1900. C ontrols the
PORTLAND, ORE.
following properties In Schuylkill C ounty and vicinity a n d th e lower a n
PORTLAND RAILWAY. LIGHT & POWER CO.— ( S e e m a p o n p a g e 97.) th ra c ite coal field.
|T h e Mlncrsvlllc Electric L ight Co.
O R G A N IZ A T IO N .— Incorporated In Oregon In 1906 and has purchased Pottsvllle Union T raction Co.
[C itizens’ Gas Co. of M lncrsvlllc, P a .
all th e p ro p e rty of th e P o rtla n d R y. Co., th e Oregon W ater Pow er & R y. Pottsvtlle & R eading R ailw ay Co.
Co. and P o rtla n d Gen. Elec. Co. V. 86, p. 1044. It now owns and con S ch u y l.H av . AOrwIgsburg S t.R y .C o . (The Mlncrsvlllc Fuel Gas Co.
Frackvllle A GUberton L ight, H e at A
trols practically the en tire s tre et railw ay and all electric light and power Schuylkill Electric R ailw ay Co
Power Co.
la n ts In P o rtla n d , and th e electric light and pow er p lan ts of O regon C ity, Coal Castle Electric R ailw ay Co.
alem , S llvcrton, W oodburn and several small tow ns In O regon, and also The P o rt C arbonA M IddleportE l.R y. Edison Elec.111. Co. of T am aqua.
V ancouver. W ash. Also owns and controls all th e s tre e t railw ays and T am aqua & P ottsvllle Electric R R . C itizens’ Gas Light Co. of T a m a q u a .
T h e T um bling R un P ark A ssociation.
electric lig h t, pow er and gas plan ts In Salem . Some of th e f r a n c h i s e s are Edison Elec. 111. Co. of P ottsvllle.
p e rp e tu a l, and rem ain d er m atu re In 1932 and 1933.
A nthracite Electric Light A Pow er P alo A lto L ight, H eat A Pow er Co.
O rw lgsburg Light, H eat A Pow , Co.
On A pril 28 1909 C ity Council passed over tho M ayor’s veto a f r a n c h i s e
Co. of P ottsvllle.
covering portions of 40 stre ets.
The T a m a q u a L t., H t. A Pow er Co. The N or. M anhelm L t.. H t. A P . Co.
§
M o st o f t h o s e c o m p a n ie s a r e w i t h o u t b o n d e d d e b t , b u t w h e r e b o n d s h a v e
b e e n Issu ed t h e y h a v e b e e n p r o v id e d fo r or d e p o s ite d u n d e r t h e c o n s o lid a t e d
c o m p a n y ’s n e w m o r t g a g e , t o g e t h e r w i t h a ll, o r p r a c tic a lly a ll, t h e ir s t o c k s .
F ra n ch ise s a r e p r a c t ic a lly p e r p e tu a l. S e e V . 8 2 , p . 1 4 3 7 . J . G . W h ite &
C o . I n c ., N e w Y o r k , a r e g e n e r a l m a n a g e r s a n d e n g in e e r s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 4 ,0 0 0 ,0 0 0
.........................
P r e f ., $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 5 % c .........................................
9 7 4 ,9 0 0 M a r . ’0 7 . 2 ) 4
F ir s t m o r t g a g e , $ 6 ,0 0 0 ,0 0 0 , g / 1 9 0 6
5 g J -J
3 , 0 0 2 ,5 0 0
J u ly 1 ,1 9 3 0
( $ 5 0 0 a n d $ 1 , 0 0 0 ) . ............c ’ lC e n t r a l T r u s t C o ., N e w Y o r k , T r u s t e e .
P o t t s v . & R e a d , fir s t m t g e , g / 18 9 5
6 g F -A
9 9 ,0 0 0 F e b . 1 19 2 5
$ 1 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) -----------c * \ I n t . a t R e a l E s t a t e T r u s t C o ., P h i la ., T r u s t e e
S c h u y l El R y 1 s t M $ 5 0 0 ,0 0 0 J 1 8 9 5
6 g F -A
2 9 5 ,0 0 0 F e b . 1 1 9 2 5
( $ 5 0 0 a n d $ 1 ,0 0 0 ) g o I d . . c * ] I n t . a t R e a l E s t a t e T r u s t C o ., P h i la ., T r u s t e e
B o n d s . — S u f f ic ie n t n e w b o n d s a r e r e se r v e d t o r e tir e $ 3 9 4 ,0 0 0 p rio r lie n s;
t h e u n is s u e d p o r tio n Is r e se r v e d fo r fu tu r e e x t e n s i o n s a n d I m p r o v e m e n ts;
$ 4 3 0 ,5 0 0 h a v e b e e n c a n c e le d .
R e g is te r e d b o n d s a r e r c -c o n v c r t ib le In to
c o u p o n b o n d s . A r e s u b j e c t to c a ll a t 1 1 0 a n d I n t e r e s t o n 4 w e e k s ’ n o t ic e .
I n t e r e s t p a y a b le In N e w Y o r k . S e e d e s c r ip t io n o f b o n d s a n d p r o p e r ty ,
V . 8 9 , p . 103.
D iv id e n d s . — D iv id e n d — 2 ) 4 % — o n p r c f. M a r ch 1 9 0 7 ; n o n e s in c e .
R E P O R T .— F o r 12 m o n th s e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 5 7 9 ,9 4 9 ; n e t ,
a f t e r t a x e s , $ 2 3 6 ,2 5 4 ; I n te r e s t a n d r e n ta ls , $ 1 9 8 ,2 6 6 ; s u r p lu s , $ 3 7 ,9 8 8 .
In
1 9 0 7 - 0 8 , g r o s s , $ 5 3 2 ,0 4 9 ; n e t , a f t e r t a x e s , $ 1 9 6 ,2 0 4 ; fix e d c h a r g e s , $ 1 4 7 ,8 1 3 ;
s u r p lu s , $ 4 8 ,3 9 1 .
R O A D .— O p e r a te s 6 9 .1 7 m ile s o f tr a c k , c o n n e c t in g P o t t s v l ll e w it h Y o r k
v llle , M ln e r sv ille , P a lo A l t o , B e lm o n t , C u m b o la , M o u n t C a r b o n , P o r t
C a r b o n , S a in t C la ir, N e w P h ila d e lp h ia , M ld d le p o r t, S c h u y lk ill H a v e n ,
A d a m s d a le , O r w lg s b u r g , C o a l C a s t le , G len C a r b o n , 't u m b lin g R u n , B r o c k
t o n , T u s c a r o r a , T a m a q u a , L a n s f o r d , S u m m it H il l, N c s q u e h o n ln g a n d
M an e h C h u n k .
O F F I C E R S .— P r e s .. P . G . G o ssler; V . - P ., J. H . P a r d e e ; S e c . a n d T r e a s . ,
T . F . W ic k h a m , a ll o f N e w Y o r k : A s s t . S e c . a n d T r e a s ., C . N . R y a n , P o t t s
v l ll e , P a .; M g r ., L . C . B r a d le y , P o t t s v l l l e . — V . 8 2 , p . 1 4 3 7 ; V . 8 9 , p . 1 0 3 .
R E P O R T .— F o r c a le n d a r y e a r s; p a s s e n g e r s c a r r ie d 1 9 0 8 , 5 , 5 2 7 ,6 2 6 .
Y ear—
O ross.
A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h a rte r e d M a rch 22 1 8 9 4 .
O n F e b . 11 1 9 0 6 fire
d e s tr o y e d th e p o w e r p la n t a n d a ll e x c e p t o n e o f t h e c a r s .
V. 82, p. 393.
I n 190 7 t h e S t a t e R R .C o m m is s io n a u t h o r iz e d t h e Issu e o f a s e c o n d m o r t
g a g e for $ 2 5 0 ,0 0 0 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity $ 7 5 0 ,0 0 0 .........................
S to c k , $ 7 5 0 ,0 0 0 (p a r $ 1 0 0 ) ..............................................
F ir s t m tg e , g o ld ( $ 1 ,0 0 0 ) s f f 18 9 4
5 g J -J
3 5 9 ,0 0 0 J u ly 1 1 9 2 4
n o o p t io n . $ 5 0 0 ,0 0 0 ____ c * ] C e n t . T r . C o .. N . Y . . T r u s t e e . I n t . In N . Y .C .
S e c o n d m o r t g a g e , $ 2 5 0 ,0 0 0 / 1 9 0 7
6 g J -J
1 1 7 ,0 0 0 J u ly 1 1 9 3 7
( $ 1 ,0 0 0 ) , g o l d __________ c + \ I n t . a t P o u g h k e e p . T r . C o ., P o u g h ., T r u s t e e .
B o n d s . — 1 s t in tg . b o n d s a r e l im it e d t o $ 2 5 ,0 0 0 p e r m ile o f c o m p le t e d t r o l
l e y r o a d , $ 1 0 ,0 0 0 o f t h is b e in g I s su a b le w h e n t r a c k Is la id a n d r e m a in in g
$ 1 5 ,0 0 0 w h e n e q u ip p e d w it h t r o l l e y . N o b o n d s c a n b e Is su e d In e x c e s s o f
$ 5 0 0 ,0 0 0 ‘'u n t il t h e s to c k h o ld e r s o f t h is c o . s h a ll c o n s e n t t o s u c h e x c e s s In t h e
m a n n e r p r o v id e d b y t h e la w s o f t h e S t a t e o f N e w Y o r k .”
S in k in g f u n d ,
b e g in n in g J a n . 1 1 8 9 7 , e q u a l to 1 % o f t h e " b o n d s Issu ed h e r e u n d e r ” ; b o n d s
p u rch ased a t n o t e x c e e d in g 1 1 0 .
2 d m t g . b o n d s a r e s u b j e c t t o c a ll a fte r
2 y e a r s o n a n y I n t. d a y a t p a r
R O A D .— O w n s 1 5 .6 2 m ile s o f r o a d ; s e c o n d tr a c k , 1 .1 4 m ile s; s id in g s ,
.5 9 m ile s; t o t a l , 1 7 .3 ) m ile s o f t r a c k .
2 7 c a r s.
E A R N I N G S .— Y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s fr o m o p e r a tio n , $ 1 3 1 ,5 4 5 ;
n e t , $ 3 7 ,5 7 4 ; o t h e r I n c o m e , $ 7 3 3 ; n e t I n c o m e , $ 3 8 ,3 0 7 ; c h a r g e s a n d t a x e s ,
$ 3 6 ,2 0 2 ; s u r p lu s , $ 2 ,1 0 5 .
O F F I C E R S .— P r e s ., J . W . H ln k le y , P o u g h k e e p s i e ,N .Y .; S e c . a n d T r e a s .,
S i la s H ln k l e y , P o u g h k e e p s ie .— V . 8 2 , p . 3 9 3 ; V . 8 4 p . 1 5 5 2 ; V . 8 5 , p . 7 9 5
PROVIDENCE, R. I.
PROVIDENCE
& DANIELSON RAILWAY CO.—A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In R h o d e I s la n d o n J u ly 7 1 8 9 3 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 )
$ 1 ,0 0 0 ,0 0 0 - - - - - - - - -
F ir s t
m o rtg a g e,
$ 6 0 0 ,0 0 0 / 19 0 1
5 g M -N
0 0 0 ,0 0 0 M a y 1 19 3 1
g o ld ( $ 1 ,0 0 0 ) .............................. l i n t , a t I n d u s t r ia l T r . C o ., P r o v id e n c e , T r u s .
B o n d s . — N o s in k in g f u n d , a n d are n o t s u b j e c t t o c a ll.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 9 1 ,0 2 4 ; n e t I n c o m e ,
$ 6 ,1 2 0 ; fix e d c h a r g e s ( p a id b y c o m p a n y ) , $ 3 ,2 8 1 ; s u r p lu s , $ 2 ,8 3 9 . I n t e r
e s t o n b o n d e d d e b t p a id b y s to c k a n d b o n d h o ld e r s .
R O A D .— O p e r a te s fro m P r o v id e n c e , R . I . , t o D a n ie ls o n , C o n n ., 3 6 .6 3
m ile s; 6 0 - lb . T rails; s ta n d a r d g a u g e ; 17 p a s s e n g e r c a r s, 2 7 f r e ig h t c a r s , 3
e x p r e s s c a r s a n d 2 w o r k c a r s.
O F F I C E R S .— P r e s ., D . F . S h e r m a n ; V . - P . , J a s . S . K e n y o n ; S e c .,
F r a n k lin A . S m it h , J r .; T r e a s ., G e o . W . P r e n tic e ; a ll o f P r o v id e n c e .
S u p t ., J . E . T h le ls e n . N o r t h S c lt u a t e .
& PROVIDENCE & FALL RIVER STREET RY.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a rch 1901 u n d e r t h e la w s o f t h e
S ta te o f M a ssa ch u setts.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 6 5 ,0 0 0 ......... ...............................................................
$ 1 6 5 ,0 0 0 .........................
F ir s t m o r t g a g e , $ 2 0 0 ,0 0 0
f 1901
5 g J -J
1 6 5 ,0 0 0 J u ly 1 1921
( $ 1 ,0 0 0 ) g o ld ......................... c * ] I n t . a t I n d u s t r ia l T r . C o ., P r o v id e n c e ., T r u s .,
j. o r E lio t N a t io n a l B a n k , B o s t o n , M a ss.
“ C u rr e n t L ia b ilit ie s ” S e p t . 3 0 1 9 0 8 ......... ...............................................................$ 8 3 ,0 1 2
E A R N I N G S .— F o r y e a r e n d in g S e p t . 3 0 1 9 0 8 : G ro ss, $ 6 1 ,6 6 7 ; n e t ,
$ 1 2 ,2 4 8 : c h a r g e s . $ 1 4 ,6 1 1 ; d e f ic it , $ 2 ,3 6 3 .
R O A D .— O p e r a te s a b o u t 1 2 )4 m ile s o f tr a c k , P r o v id e n c e , R . I . , t o F a ll
R i v e r , M a s s., w it h a n e x t e n s io n t o W a r r e n . R . I .
2 3 c a r s.
O F F I C E R S .— P r e s ., J a s . F . S h a w ; V . - P ., C . C. P e ir c e ; T r e a s ., G e o . A .
B u t m a n , 8 C o n g re ss S t . , B o s t o n , M a s s.— V . 7 3 , p . 3 3 , 6 1 6 .
PUEBLO, COL.
PUEBLO
& SUBURBAN TRACTION & LIGHTING.— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o lo r a d o o n N o v . 2 0 19 0 2 a s a
c o n s o lid a tio n o f th e P ik e ’s P e a k P o w e r C o . (a w a t e r -p o w e r p la n t) o f V ic to r
and t h e P u e b lo T r a c tio n & L ig h t in g C o . V . 7 5 , p . 1 2 0 3 , 1 3 5 5 . O w n s a ll
t h e s tr e e t r a ilw a y , e le c t r ic lig h t in g a n d e le c t r ic p o w er I n te r e s ts In P u e b lo
w it h a la rg e l ig h t in g a n d p o w e r b u s in e s s In t h e C r ip p le C reek d is t r ic t .
R a il
w a y franchises e x p ir e In 1 9 4 0 a n d 1 9 4 2 a n d e le c t r ic lig h t fra n ch ise In 1 9 2 4 .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 3 ,5 0 0 ,0 0 0 - - - - - - - - - P r e f ., $ 1 ,0 0 0 ,0 0 0 , 6 % c u m ..............................................
1 6 2 ,6 0 0
S ee tex t.
P u e b lo T r a c tio n & L ig h t in g ) 1901
5 g J -J
1 ,0 7 0 ,0 0 0 J a n . 1 1921
fir st m o r t g a g e , $ 1 , 5 0 0 ,0 0 0 , / I n t e r e s t a t I n t e r n a t io n a l l r u s t C o ., D e n v e r ,
g o ld ( $ 1 ,0 0 0 ) ......................... c*J
T r u s t e e , o r a t M o r to n T r u s t C o ., N . Y .
5 g A -O
1 ,8 1 3 ,0 0 0 O c t. 1 1 9 2 2
P u e b lo & S u b u r b a n first m o r t) 19 0 2
g a g e . $ 3 ,5 0 0 ,0 0 0 ( $ 1 .0 0 0 ) / i n t e r e s t a t I n t e r n a t io n a l T r u s t C o ., D e n v e r ,
g o ld , s in k in g f u n d .............. c * j
T r u s t e e , o r a t M o r to n T r u s t C o ., N . Y .
B o n d s .— O f t h e n e w m o r t g a g e fo r $ 3 ,5 0 0 ,0 0 0 , $ 1 ,2 5 0 ,0 0 0 are r e se r v e d t o
r e tir e th e $ 1 ,1 0 0 ,0 0 0 b o n d s o f t h e P u e b lo T r a c t io n & L ig h t in g C o ., $ 2 7 4 ,0 0 0
a r e h e ld In t r e a s u r y o f c o m p a n y a n d r e m a in d e r fo r f u tu r e b e t te r m e n ts .
E n tir e Issu e Is s u b j e c t to c a ll a f t e r D e c . 1 1 9 0 9 a t 104 a n d I n te r e s t. A
s in k in g fu n d c o m m e n c e s In 1 9 0 9 , w h ic h m u s t r e tir e a t le a s t $ 5 0 ,0 0 0 b o n d s
p e r a n n u m , s a id fu n d to b e I n v e s te d In t h e b o n d s In o p e n m a r k e t a t n o t
h ig h e r th a n 104; o t h e r w is e b o n d s c a n b e c a lle d fo r t h e p u r p o s e . S e e V
7 5 , p . 1355.
E n tir e Issu e o f P u e b lo T r a c t io n & L ig h t in g fir st m o r t g a g e b o n d s m a y b e
c a lle d a f te r J a n . 1 19 0 6 a t 1 0 4 a n d I n t e r e s t . A s in k in g fu n d o f $ 1 0 ,0 0 0
a n n u a lly o n t h e s e b o n d s c o m m e n c e d In 1 9 0 6 a n d m a y b e u s e d t o c a ll b o n d s
a f t e r J a n . 1 9 0 6 a t 104 a n d I n t e r e s t . See V , 7 2 , p . 8 2 1 . $ 3 0 ,0 0 0 h a v e b e e n
c a n c e le d .
D iv id e n d s. —On pref. stock 6%!per annum, paid quarterly.
S u rp lu s
R A L E IG H , N. 0.
g
RICHMOND, V A .
V I R G I N I A R A I L W A Y & P O W E R CO .
O R G A N I Z A T I O N .— O r g a n iz e d In 1 9 0 9 a n d Is s u c c e s s o r to t h e V ir g in ia
P a s s e n g e r & P o w e r C o . s o ld a t f o r e c lo s u r e M a y 5 1 9 0 9 . V . 8 9 , p . 4 4 , 1 0 5 .
T h e r e o r g a n iz a t io n w a s u n d e r p la n g iv e n In V . 8 7 , p . 3 4 7 .
F r a n c h ise s. — T h e M a n c h e s te r & P e t e r s b u r g R y . f r a n c h is e s a r e p e r p e tu a l.
T h e p r in c ip a l r a ilw a y f r a n c h is e s in R ic h m o n d e x p ir e In 1 9 2 6 a n d 1 9 3 1 .
T h e I n te r u r b a n r a ilw a y f r a n c h is e e x p ir e s In 1 9 8 1 . T h e w a t e r p o w e r r ig h ts
in R ic h m o n d a n d P e t e r s b u r g a r e p e r p e tu a l. T h e s e r ig h ts a r e o n ly p a r t ly
u t iliz e d a n d a r e c a p a b le o f a la rg e f u r th e r d e v e lo p m e n t .
T h e m o r e Im
p o r t a n t r ig h ts fo r lig h t in g In R ic h m o n d e x p ir e In 19 2 7 a n d 1 9 2 8 a n d In M a n
c h e s te r In 1 9 3 1 . T h e P e t e r s b u r g lig h t in g fr a n c h is e s a r e p e r p e tu a l, V . 8 9 ,
p . 529.
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 7 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................. $ 7 ,5 0 0 ,0 0 0
....................
P r e fe r r e d , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - - .........
......... .............
4 ,7 0 0 ,0 0 0 ____________
F ir s t a n d r e fu n d in g
m tg e ./ 1909 5 J -J
7 , 5 4 2 ,0 0 0 J u l y 1 1934
$ 1 5 ,0 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) .- C * ]
E q u it a b le T r u s t C o ., N . Y . , T r u s t e e .
R ic h m o n d R a ilw a y &
E le c -1 1 8 9 0 5
1 2 3 ,0 0 0 J u ly 1 192 0
tr ie fir st m o r t g a g e J A t l a n t i c T r u s t C o .,
N ew Y ork , T r u ste e.
R ic h m o n d
T r a c t io n
fir st] 1 8 9 5 5 g J -J
4 1 9 ,0 0 0 N o v . 1 1925
m o r t g a g e $ 5 0 0 ,0 0 0 ( $ 1 , - /M a r y la n d T r u s t C o ., B a lt im o r e , T r u s t e e .
0 0 0 ) g o ld ................................ c * j S u b J . t o c a ll a t 1 0 5 a f t . J u ly 1 ’0 0 fo r s .f .o n l y .
V ir g in ia E le c tr ic R a ilw a y & ] 1 8 9 9
5 g J -J
1 ,4 7 0 ,0 0 0 J a n . 1 1929
D e v e lo p m e n t C o . first
/G u a r a n t e e d b y V ir g in ia P a s s . & P o w e r C o.
m o r t g a g e $ 1 ,5 0 0 ,0 0 0 _____ j
B a n k o f R ic h m o n d , I n c ., T r u s t e e .
W e s th a m p t o n P a r k R y 1 s t M l 1901
5 g J -J
1 4 6 ,0 0 0 J a n . 1 1931
$ 1 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d ___ c / B a n k o f R ic h m o n d , I n c ., T r u s t e e .
C ar tr u s t o b l ig a t io n s _________________
________
6 0 ,0 0 0
See te x t
S to c k . — $ 4 ,2 5 4 ,5 7 2 c o m m o n s t o c k a n d $ 4 ,2 7 1 ,9 5 2 p r e fe r r e d w a s Issu ed In
p a r t e x c h a n g e u n d e r p la n ; r e m a in in g c o m m o n a n d p r e fe r r e d s t o c k Is In
h a n d s o f c o m m i t t e e ,w h ic h m a y , In Its d is c r e t io n , s e ll th e c o m m o n s to c k
a t n o t le s s th a n $ 1 0 p e r s h a r e fo r r e o r g a n iz a t io n p u r p o s e s . T h e p r e fe r r e d
s t o c k Is e n t it le d to n o n - c u m u la t lv e d iv id e n d s o f 5% u p to J a n . 1 1 9 1 4 a n d
t h e r e a f t e r to n o n - c u m u la t lv e d iv id e n d s u p to 6 % .
B o n d s . — $ 2 ,1 5 8 ,0 0 0 o f th e fir st a n d r e fu n d in g b o n d s a r e r e se r v e d t o r e tir e
p r io r lie n s a b o v e n o te d ; r e m a in in g $ 5 ,3 0 0 ,0 0 0 r e se r v e d fo r f u tu r e I m p r o v e
m e n ts , s u b j e c t t o c e r ta in r e s t r ic t io n s . S in k in g f u n d , \ i % s e m i- a n n u a lly
o f b o n d s o u t s t a n d in g fro m 1 9 1 4 t o 1 9 1 9 a n d )4 % s e m i- a n n u a lly t h e r e a f t e r .
B o n d s a r e s u b j e c t t o c a ll a t 1 0 5 a n d In t.
$ 8 6 ,0 0 0 b o n d s R ic h m o n d T r a c
t io n C o ., $ 7 4 ,0 0 0 b o n d s V ir g in ia E le c tr ic R a i lw a y & D e v e lo p m e n t C o.
a n d $ 5 ,0 0 0 b o n d s W e s th a m p t o n P a r k R y . a r e h e ld In s in k in g a n d o t h e r
fu n d s
L a t t e r c o m p a n y ’s b o n d s a n d s in k in g fu n d s a r e g u a r a n t e e d b y R ic h
m o n d T r a c t io n a n d V ir g in ia E le c tr ic R y . & D e v e lo p m e n t C o . C ar tr u s ts
a r e b e in g r e tir e d In I n s ta llm e n t s , l a s t I n s ta llm e n t f a llin g d u e S e p t . 1 9 1 3 .
E A R N I N G S .— F o r 6 m o s . e n d in g J u n e 3 0 In 1 9 0 9 , g r o s s , $ 1 ,0 1 4 ,1 9 5 ;
n e t , $ 4 3 3 ,3 8 3 ; In 1 9 0 8 , g r o s s, $ 9 5 6 ,3 9 6 ; n e t , $ 3 0 7 ,9 1 0 .
R O A D .— T h e c o n s o lid a t io n e m b r a c e s 119 9 4 m ile s o f t r a c k . T h e
c o m p a n y o w n s r e a l e s t a t e In t h e th r e e c it i e s , I n c lu d in g v a lu a b le p ark
p r o p e r tie s .
R a lls , 9 8 , 95 a n d 9 0 - lb . g ir d e r a n d 6 0 , 7 0 a n d 8 0 - lb . T .
O F F I C E R S .— C h a ir m a n o f B o a r d , F r a n k J a y G o u ld , N e w Y o r k ; P r e s .,
W m . N o r t h r o p , R ic h m o n d ; 1 st V . - P ., F r itz S lt t e r d ln g , R ic h m o n d : 2 d
V . - P ., H e n r y W . A n d e r s o n , R ic h m o n d ; S e c . a n d T r e a s ., G u y P h illip s ,
N e w Y o r k ; A s s t . S e c . a n d T r e a s ., G e o . B . W illia m s , R ic h m o n d ; A u d .,
R . H . K e lm .
G en er a l o f fic e , R ic h m o n d , V a .
N e w Y o r k o f f ic e , 1 9 5 B r o a d
w a y ,— v . 8 8 , p . 6 2 6 , i l 0 0 3 , 1 1 9 9 , 1 3 1 4 ; V . 8 9 , p . 4 4 , 1 0 5 , 2 2 6 , 2 8 7 , 5 2 9 .
_
POUGHKEEPSIE, N. Y.
POUGHKEEPSIE CITY & WAPPINGER’S FALLS ELECTRIC RY —
I n te r e s t.
C A R O L I N A P O W E R & L IG H T CO .
O R G A N I Z A T I O H , E T C .— S u c c e s s o r A u g . 1 1 9 0 8 t o t h e R a le ig h S t r e e t
R y . ( c h a r te r e d 1 8 8 1 , ro a d o p e n e d 1 8 8 6 ) , R a le ig h E le c tr ic C o ., C e n tr a l C aro
lin a P o w e r C o . a n d C o n su m e r s ’ L ig h t & P o w e r C o . D o c s g e n e r a l lig h t in g ,
o w e r a n d s t r e e t r a ilw a y b u s in e s s In R a le ig h , g e n e r a l l ig h t in g a n d p o w e r
u s ln e s s In S a n fo r d a n d J o n e s b o r o , a n d g e n e r a l p o w e r b u s in e s s In F a y e t t e
v i ll e .
STOCK A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m m o n ________________ ______
___________ $ 1 ,0 0 0 ,0 0 0 ______________
P r e fe r r e d s t o c k ________________ ______
___________
2 0 0 .0 0 0 ____________
F ir s t m o r t g a g e , g o l d ............... . / _____
5 F -A
3 6 0 ,0 0 0 A u g . 1 1 0 3 8
/S t a n d a r d T r u s t C o ., N . Y . , T r . I n t . in N . Y .
C o n v e r t ib le g o ld n o t e s ____ c l 1 9 0 8
5 F -A
7 9 0 ,0 0 0 A u g . 1 19 1 8
/ S t a n d a r d T r u s t C o ., N . Y . , T r . I n t . In N . Y .
E A R N I N G S .— F o r 7 m o s . e n d in g J u l y 31 1 9 0 9 : g r o s s, $ 1 0 8 ,6 2 3 ; n e t ,
a f t e r t a x e s , $ 4 4 ,8 3 0 ; I n t ., $ 9 ,7 0 7 ; d l v ., $ 5 3 5 ; s u r p lu s , $ 3 4 ,5 8 8 .
R O A D .— L e n g t h o f lin e , 13 m ile s; g a u g e , 4 f t . 8 ) 4 In .; 6 0 -7 0 lb . T ; 7 3 - lb .
g ird er ; 4 p o w e r s ta t i o n s .
O F F I C E R S .— P r e s ., C h a s. E . J o h n s o n , R a le ig h : V . - P ., J a s . D . M o r tim e r ,
62 C e d a r S t . , N . Y .; S e c . & T r e a s ., H . H . D a l t o n , R a le ig h ; G e n . M g r .,
I I . H . C a rr, R a l e i g h . ___________ _____________
SCHUYLKILL & DAUPHIN TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d A p ril 3 0 1 9 0 8 . L e a s e s fo r 9 9 9 y e a r s
t h e L y k e n & W lll la i h s V a lle y S t . R y . S t o c k $ 2 5 ,0 0 0 ($ 2 0 ), a ll o u t s t a n d
in g .
R e g is te r e d 6% g o ld b o n d s , $ 2 5 ,0 0 0 ( $ 1 0 0 ) , d u e 1 9 3 8 .
$ 1 7 5 ,8 0 0 p rio r
lie n b o n d s o f L y k e n s & W illia m s V a lle y r e m a in o u t s t a n d in g .
E a r n in g s fo r
12 m o n th s e n d in g A p ril 3 0 1 9 0 9 , g r o s s, $ 2 7 ,8 7 7 ; n e t , $ 1 1 ,9 3 4 ; fix e d c h a r g e s,
$ 9 ,6 0 7 ; s u r p lu s , $ 2 ,3 2 7 .
O w n s 10 m ile s o f t r a c k fr o m L y k e n s t o R e ln e r to n ;
9 ca rs; 5 0 - 6 0 -lb . T a n d g ir d e r r a il.
G a u g e , 5 f t . 2 )4 in .
P r e s ., J . W .
M oyer; S e c . a n d T r e a s ., E d g a r D . R a n k ; G en . M g r ., W . E . H a r r in g t o n .—
V . 87, p. 1480.
____________
N e t.
$ 2 8 3 ,9 4 3
$ 1 6 0 ,8 6 2
$ 1 2 3 ,0 8 1
1 9 0 8 ................................................ $ 6 0 8 ,6 4 2
1 9 0 7 ................................................. 6 0 1 ,7 9 5
2 7 1 ,1 8 0
1 5 9 ,2 5 3
1 1 1 ,9 3 6
R O A D .— O w n s 3 0 m ile s o f t r a c k , a ll In c i t y o f P u e b lo .
G auge 4 ft.
72 a n d 7 5 - lb . r a il.
4 7 c a r s, o f w h ic h 4 0 a r e m o to r s .
E l e c t r ic it y f u r n is h e d
b y s t e a m p la n t a t P u e b lo a n d w a t e r -p o w e r p la n t s it u a t e d n e a r V ic to r .
O F F I C E R S .— P r e s ., M . D . T h a tc h e r : V . - P . , T . H . D e v in e ; T r e a s ., G e n .
M gr. a n d P u r c h . A g e n t , J o h n F . V a il; S e c ., H . C . B a k e r .
G en . o ffic e , P u e
b lo .— V . 7 5 . p . 1 2 0 3 , 1355; V . 7 6 , p . 8 6 6 ; V . 8 7 . p . 1 5 3 4 .
R OA NO KE , V A .
R O A N O K E T R A C T IO N & L I G H T C O .
O R G A N I Z A T I O N .— I n c o r p o r a te d In V ir g in ia J u l y 2 8 1 9 0 8 .
O w ns th e
R o a n o k e W a t e r P o w e r C o ., t h e B e d fo r d P o w e r C o ., t h e J a m e s R iv e r W a te r
P o w e r C o . a n d t h e R o a n o k e H e a t , L ig h t & P o w e r C o ., a n d c o n t r o ls , th r o u g h
o w n e r s h ip o f a ll t h e c a p ita l s t o c k , t h e R o a n o k e R a ilw a y & E le c tr ic C o . T h e
R o a n o k e W a t e r P o w e r C o. h a d $ 3 5 0 ,0 0 0 b o n d s w h ic h w e r e b o u g h t In a n d
m o r t g a g e s a t is f ie d . T h e R o a n o k e H e a t , L i g h t & P o w e r C o . B ad Issu ed
$ 2 5 0 ,0 0 0 b o n d s , a ll o f w h ic h h a v e b e e n r e tir e d (V . 8 7 , p . 1 0 8 9 , 1 1 6 0 ) .
STO C K A N D B O N D S—
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................
------
F ir s t m tg e a n d c o ll t r u s t $ 3 , - f 1 9 0 8
5 g F -A
l,2 o 0 ,0 0 0 A u g 1 1 9 5 8
0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d ___c ’ J I n t . a t B lo r e n & C o ., P h i la ., or B a lt im o r e
*
B
\
T r u s t & G u a r a n te e C o ., B a lt im o r e , T r u s t e e
B o n d s . — $ 7 5 0 ,0 0 0 b o n d s a r e r e s e r v e d t o r e tir e a lik e a m o u n t o f b o n d s
o f t h e R o a n o k e R y . & E le c . C o. T h e r e m a in in g $ 1 ,0 0 0 ,0 0 0 a r e r e s e r v e d
fo r a d d it io n s a n d e x t e n s io n s a t n o t e x c e e d in g 8 5 % o f c o s t .
B on d s are
s u b j e c t t o c a ll o n a n y in t e r e s t d a y a t 105 a n d I n t e r e s t , b ln k ln g fu n d o f l %
o f o u t s t a n d in g b o n u s , p a y a b le F e b . 1 1 9 1 9 to 1 9 2 8 ; 1 ) 4 % t h e r e a f t e r .
O F F I C E R S .— P r e s ., J a s . P . W o o d s , R o a n o k e ; V . - P .. C h a s. R . M iller ,
P h ila d e lp h ia ; S e c ., J a s . C. M a r tin , R o a n o k e : A s s t . S e c . a n d I r e a s . , I ' . H .
S h e lt o n , P h ila d e lp h ia .— V . 8 7 , p . 1 0 8 9 . 1 1 6 0 .
(1) R o a n o k e R a ilw a y & E le c fr ic .— A t r o lle y r o a d w it h e le c t r ic lig h t a n d
p o w er d e p a r tm e n t.
O R G A N I Z A T I O N .— T h e R o a n o k e S t r e e t R y . a n d t h e R o a n o k o E le c tr ic
L ig h t & P o w e r w e r e b o th s o ld a t f o r e c lo s u r e A u g . 1 1 8 9 9 . T h e p r e s e n t
c o m p a n y w a s I n c o r p o r a te d In V ir g in ia . F r a n c h ise s s a id t o b c p e r p e t n a l.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ................. .........
J -D
$ 5 0 0 ,0 0 0 D e c . 1 6 ’0 7 ,3
F i r s t m o r t g a g e , $ 3 0 0 ,0 0 0 , g f 189 9
5 g J -D
6 9 ,0 0 0 D e c . 1 1 9 4 9
($ 1 ,0 0 0 ) s in k in g f u n d ............] I n t . a t M e r c a n tile T r , & D e p . C o ., B a l t ., T r.
F i r s t c o n s o lid a t e d m o r t g a g e ,/ 1 9 0 3
5 g F -A
6 7 5 ,0 0 0 F e b . 1 1953
$ 7 5 0 ,0 0 0 ($ 1 ,0 0 0 ) g s f _ _ c * ] I n t . a t R e a l E s t a t e T r u s t C o ., P ld la ., T r u s t e e .
B o n d s . — $ 7 5 ,0 0 0 o f th e c o n s o l, m t g e . b o n d s a r e r e se r v e d t o r e tir e $ 6 9 ,0 0 0
o f first m tg e . b o n d s . S in k in g fu n d o n F e b . 1 1 9 1 0 a n n u a lly t o F e b . 1 1 9 2 0 ,
1% o f o u t s t a n d in g b o n d s a n d th e r e a f t e r 1 ) 4 % .
D iv id e n d s .— In 1 9 0 4 , 3 ) 4 %; In 1 9 0 5 , 5 ) 4 %; In 1 9 0 6 , 8 % ; in 1 9 0 7 , J u n e .
3 % ; D e c ., 3 % ; n o n e s in c e .
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E A R N I N G S .— F o r 12 m o n th s e n d in g M a y 1 1 9 0 9 o f R o a n o k e R y . &
E le c . C o . a n d 10 m o n th s o f c o m p e t in g e le c t r ic c o m p a n y ( a c q u ir e d ) , su r p lu s
a f te r p a y m e n t o f a ll c h a r g e s o f b o th c o m p a n ie s , $ 3 1 ,4 5 1 .
R O A D .— O p e r a te s 14 m ile s o f ro a d In R o a n o k e ; a ls o e x t e n s i o n t o S a le m ,
V a .; t o t a l , a b o u t 2 6 ) 4 m ile s.
A ls o o w n s p a r k a n d t h e a tr e .
O F F I C E R S .— P r e s ., R . D . A p p e r s o n , L y n c h b u r g ; V . - P ., C h a s. R .
M iller , P h ila d e lp h ia : S e c ., D . J . C o llin s; T r e a s ., F . H . S h e lt o n , P h ila d e lp h ia ;
G en . M g r ., J . W . H a n c o c k , R o a n o k e .— V . 7 6 , p . 2 1 3 , 7 0 6 ; V . 7 8 , p , 3 4 4 ;
V . 8 6 , p . 1 5 3 0 ; V . 8 7 , p . 4 8 1 , 1 0 8 9 , 1 1 60; V . 8 8 , p . 376.1
ROCHESTER, N. Y.
N E W Y O R K S T A T E R A I L W A Y S — O f t h e c o m m o n s t o c k $ 8 ,8 6 6 ,5 0 7 I
o w n e d b y th e N . Y . C e n t. & H u d . R iv e r R R . a n d $ 5 ,9 1 1 ,1 0 3 b y C e n tr a l
R y . S y n d ic a t e .
$ 5 3 7 a n d $ 4 3 0 fir st p r e f. Is a ls o h e ld b y e a c h r e s p e c t iv e ly .
T h e N . Y . C e n tr a l & H u d . R iv e r R R . a ls o h o ld s $ 4 ,4 9 8 ,0 5 0 s e c o n d p r e f.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k o n M a rch 23 1 9 0 9 a s a
c o n s o lid a t io n o f t h e R o c h e s t e r R y . C o ., t h e R o c h e s t e r & S o d u s B a y R y , C o .
a n d t h e R o c h . & E a s t e r n R a p id R y . C o ., a s p e r p la n V . 8 8 , p . 5 3 , 8 2 3 , 9 4 5 .
T h e R o c h e s t e r R a ilw a y w a s a c o n s o lid a t io n o f t h e R o c h e s t e r C ity &
B r ig h to n R R . , t h e C r o s s -T o w n R R . a n d t h e S o u t h P a r k R R ., a n d le a s e d
t h e R o c h e s t e r E le c tr ic R y . fr o m J u ly 1 1 8 9 4 fo r 5 0 y e a r s , a t a r e n ta l o f
8 % o n $ 2 0 0 ,0 0 0 s t o c k , a n d w h e n e v e r g r o s s r e c e ip t s e x c e e d $ 5 5 ,0 0 0 , o n e q u a r t e r o f s u c h e x c e s s ; a ls o le a s e d t h e R o c h e s t e r A S u b u r b a n R y . ( S u m m e r
v ille D iv is io n ) ; a ls o o w n e d 2 0 5 s h a r e s o u t o f t h e t o t a l 4 0 0 s h a r e s (p a r $ 5 0 )
o f t h e R o c h e s t e r & C h a r lo tte T u r n p ik e C o .
T h e R o c h e s t e r A E a s t e r n R a p id R y . C o ., p r e v io u s t o c o n s o lid a t io n ,
I n c r ea se d Its s t o c k fr o m $ 1 ,5 0 0 ,0 0 0 t o $ 1 5 ,2 9 0 ,2 0 0 a n d p u r c h a s e d fr o m t h e
N Y . C . & H . R . R R . C o . a n d C e n tr a l R y . S y n d ic a t e t h e s to c k s o f th e
f o llo w in g c o m p a n ie s , o w n e r s h ip o f w h ic h Is n o w v e s t e d In N e w Y o r k S t a t e
S c h e n e c t a d y R a ilw a y C o ---------------------------------- $ 2 ,0 5 0 ,0 0 0 — 50 %
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L ig h t A T r a c tio n ( w h ic h c o n tr o ls t h e C a n a n d a ig u a G a s L ig h t C o .) Is n o t
o w n e d b y th e N e w Y o r k S t a t e R y s . , b u t c o n t r o l Is h e ld b y t h e N . Y . C . &
H . I t. R I t . a n d C e n tr a l R a ilw a y S y n d ic a t e , w h ic h c o m p a n ie s o w n t h e e n tir e
I t Is I n te n d e d a ls o t o t a k e o v e r t h e R o c h e s t e r & S u b u r b a n R y . ( s to c k
$ 4 2 0 ,0 0 0 ) , t h e R o c h e s t e r E le c tr ic R y . ( s t o c k $ 2 0 0 ,0 0 0 ) a n d t h e O n ta r io
L ig h t & T r a c tio n C o . ( s t o c k $ 1 0 0 ,0 0 0 ) th r o u g h a n I n c r ea se In s to c k o f t h e
N e w Y ork S t a t e R y s . fr o m $ 2 3 ,1 4 0 ,2 0 0 t o $ 2 3 ,8 0 0 ,2 0 0 in e x c h a n g e fo r t h e
$ 7 2 0 ,0 0 0 s t o c k o f t h o s e c o m p a n ie s .
O n J u n e 5 1 9 0 9 a p p lie d t o P u b lic
S e r v ic e C o m m is s io n t o I n c r ea se c o m m o n s t o c k fr o m $ 1 4 ,7 7 7 ,7 0 0 t o $ l o ,4 9 7 ,7 0 0 , t o ta k e o v e r t h e lin e s m e n t io n e d , a n d a ls o fo r a u t h o r it y to e x e c u t e
m o r tg a g e fo r $ 3 5 ,0 0 0 ,0 0 0 a n d t o Issu e $ 6 ,5 0 0 ,0 0 0 b o n d s a t p r e s e n t.
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p u r p o s e s o f I s su e s , s e e V . 8 8 , p . 1 5 0 0 .
F ra n ch ise s In R o c h e s t e r a r e p r a c tic a lly p e r p e tu a l a n d e x c lu s i v e , w lt n
e x c e p t i o n o f a f e w e x t e n s io n s w h ic h r u n fo r 50 y e a r s .
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$ 1 ,5 0 0 ,0 0 0 , g o ld ( $ i , 0 0 0 ) c * J l n t . a t R o c n . T r . A S . D e p . C o ., R o c h .,T r u s .
R o c h e s t e r R y C o n s o lid a te d ) 1 8 9 0 5 g A -O
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M o r tg a g e $ 3 ,0 0 0 ,0 0 0 ( $ 1 . - ^Interest a t C u y le r , M o r g a n A C o ., N e w Y o r k .
0 0 0 ) g o ld
_________ c*J M e r c a n tile T r u s t C o ., N e w Y o r k , T r u s t e e .
S e c o n d m o r t g a g e $ 1 ,5 0 0 ,0 0 0 ) 189 3
5 g J -D
1 ,5 0 0 ,0 0 0 D e c 1 193 3
g o ld ( $ 1 ,0 0 0 ) ......................... c * / l n t . a t S e c u r it y T r . C o ., R o c h e s t e r , T r u s t e e .
R o c h e s t e r C ity A B 1 st m tg e ] 1 8 8 0
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1 7 5 ,0 0 0 A p ril 1 1 9 1 9
$ 5 0 0 , 0 0 0 ( $ 5 0 0 ) . . ..................../ I n t e r e s t a t R o c h e s t e r T r u s t A S a fe D e p . C o .
R e a l e s t a t e m o r t g a g e s .........................................................
4 3 ,0 0 0 ------------------S to c k .— F ir s t p r e f. s t o c k c a n b e I n c r ea se d o n ly w it h c o n s e n t o f t w o t h ir d s o f o u t s t a n d in g first p r e f. s t o c k , a n d h o ld e r s a r c t o h a v e r ig h t t o t a k e
t h e ir p r o p o r t io n a t e s h a r e s o f s u c h I n c r e a s e . S t o c k Is subject to call a t 1 1 0
u p o n a n y d iv id e n d d a y o n 3 0 d a y s ’ n o t ic e .
V . 8 8, p. 945.
B o n d s .— T h e c o n s o l, m t g e . , e x c e p t w it h t h e c o n s e n t o f t w o - th ir d s o f
first p r e f. s t o c k , is l im it e d t o $ 3 5 ,0 0 0 ,0 0 0 ; n o p a r t o f b o n d is s u e e x c e e d in g
$ 5 ,0 0 0 ,0 0 0 ( e x c e p t fo r r e fu n d in g e x is t in g m o r tg a g e b o n d s) s h a ll b e Issu ed
u n le s s I n c o m e a f t e r d e d u c t in g a ll c h a r g e s . I n c lu d in g i n te r e s t o n b o n d s t o
b e Issu e d , s h a ll h a v e e q u a le d a n n u a lly a t le a s t 1 IS tim e s t h e a m o u n t o f d lv .
C h arge o n fir st p r e f. s t o c k In e a c h o f t h e t w o y e a r s I m m e d ia te ly p r e c e d in g t h e
Issu e o f s u c h a d d it io n a l b o n d s . T h e R o c h e s t e r A E a s te r n R a p id R y . fir st
m tg e b o n d s h a v e n o s in k in g f u n d a n d a r e n o t s u b j e c t t o c a ll.
$ 3 0 0 ,0 0 0
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C it y A B . R R . b o n d s . T h e R o c h e s t e r H v . s e c o n d m t g e . b o n d s c a n n o t b e
o a lle d .
D iv id e n d s .— I n it ia l d iv id e n d o n fir s t p r e fe r r e d p a id A p ril 1 9 0 9 , I H %
J u ly , 1 K % .
I n itia l d iv id e n d p a id o n 2 d p r e fe r r e d J u ly 1 9 0 9 , \ M % .
E A R N I N G S . — C o m b in e d e a r n in g s o f R o c h e s t e r R y . ( in c lu d in g R o c h e s t e r
A S o d u s B a y R y . a n d o t h e r r o a d s t h e n c o n tr o lle d ) a n d R o c h e s t e r A E a s te r n
R a p id R y . ( e x c lu d in g c o n t r o lle d U t i c a A M o h a w k V a lle y R y . , O n e id a R y . ,
S y r a c u s e R a p . T r a n , a n d S c h e n e c ta d y R y .) fo r y e a r e n d in g J u n e 3 0 1 9 0 9 ,
w e r e : G rc« s, $ 2 ,9 8 5 ,2 3 8 ; n e t , $ 1 ,0 2 0 ,4 5 3 ; o t h e r I n c o m e , $ 6 1 7 ,5 6 8 ; c h a r g e s
$ 9 2 2 ,5 9 6 ; s u r p lu s , $ 7 1 5 ,4 2 5 .
In 1 9 0 8 , g r o s s , $ 2 ,9 0 6 ,9 6 4 ; n e t , $ 8 4 6 ,1 8 4 ;
o t h e r I n c o m e , $ 5 ,4 3 8 ; fix e d c h a r g e s , $ 5 6 0 ,1 0 7 ; s u r p lu s , $ 2 9 1 ,5 1 5 .
R O A D .— O p e r a te s 1 9 9 .5 5 m ile s o f tr a c k In a n d a r o u n d R o c h e s t e r , In c lu d
in g I n te r u r b a n lin e s to S o d u s P o i n t , o n L a k e O n ta r io , S u m m e r v ille , C a n a n
d a ig u a a n ti G e n e v a .
M ile a g e o f c o m p a n ie s o w n e tl a n d o p e r a te d :
z " n e ' ' a R a i l w a y ____________ 1 1 3 .2 2 3
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N e w Y o r k S t a t e R a i l w a y s ___ 1 9 9 .5 5
U t ic a A M o h a w k V a l l e y ------ 1 2 3 .9 7 6 y S c h e n e c t a d y R a i l w a y _____ 1 1 0 .2 0
S y r a c u s e R a p id T r a n s it A
T o t a l m ile s _________________ 6 3 4 .2 9 9
E a s t S id e T r a c t io n ________ 8 7 .3 5
x O p e r a tin g u n d e r tr a c k a g e a g r e e m e n t o v e r W e s t S h o r e R R . b e t w e e n
U t ic a a n d S y r a c u s e ,
u O w n e d J o in tly w it h D e la w a r e & H u d s o n .
O F F I C E R S .— P r e s ., H o r a c e E . A n d r e w s , N e w Y o rk ; V . - P s ., W illia m K .
V a n d e r b ilt, J . J . S t a n l e y , E . J . C o o k e , W a lte r N . K e r n a n , C . L . A llen ;
T r e a s ., E d w a r d L . R o s s lte r , N e w Y o r k ; S e c ., J . C . C o llin s , R o c h e s te r ;
A s s t . T r e a s ., C . A . T u c k e r , R o c h e s te r : A s s t. S e e . a n d G en . A u d ., A . L .
L in n J r ., N e w Y o r k .— V . 8 8 , p . 5 3 , 6 8 6 , 8 2 3 , 9 4 5 , 1 5 0 0 .
(1)
Utica & Alohawk Valley Ry.— Trolley
I n J u ly 1904 c o n tr o l o f tilts ro a d w a s o b t a in e d b y t h e M o h a w k V a lle y C o.
L a t t e r c o m p a n y , h o w e v e r , In 1 9 0 8 d is p o s e d o f Its h o ld in g s a s p e r p la n In
V. 87, p. 286.
E n tir e s to c k Is n o w h e ld b y N e w Y o r k S t a t e R v s .
I t Is
p r o p o s e d to m e r g e O n e id a R y . In to s a m e .
O R G A N I Z A T I O N — C h a rte r e d o n N o v . 27 1901 a s a c o n s o lid a t io n o f t h e
U t ic a B e lt L in e S t . R R .. t h e IJtlca A S u b u r b a n R y . , t h e F r a n k fo r t A U t ic a
S t . R v . . t h e L it tle F a lls & Herkimer S t r e e t R y . t h e U t ic a & M o h a w k R R . ,
t h e D e e r fie ld A U tic a R R . a n d th e H e r k im e r M o h a w k Illo n A F r a n k f o r t
E le c . R y .
V . 73 , p 1209.
L e a s e s a p o r tio n o f t h e (J tlc a C lin to n A B in g
h a m to n R R . a t a r e n ta l o f $ 1 5 ,0 0 0 , th e le a s e b e in g d a t e d 1.886 a n d r u n n in g
99 y e a r s . F ra n ch ise s p e r p e tu a i.
In M arch 19 0 5 m a d e n e w c o n t r a c t fo r
p ow er.
V . 8 0 , p. 1236.
O n J u n e 28 1 9 0 7 t h e R o m e C ity S t r e e t R y . w a s
m e r g e d In to t h is c o m p a n y , s t o c k h o ld e r s o f fo rm e r c o m p a ly r e c e iv in g fo r
t h e ir s t o c k U t ic a A M o h a w k V a lle y s t o c k a t p a r .
M a tu r ity
STO C K A N D B O N D S —
D a te.
Interest. O u tstanding.
$5 0 0 0 ,0 0 0 D e c '0 7 . 4 %
S t o c k .c o m ( $ 1 0 0 ) , $ 5 ,0 0 0 ,0 0 0 ....................................
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S t o c k , p r e f, 5 % n o n - c u in ,) ____
5 Q -J
$ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . .............. /
2. ,2 6 8 ,0 0 0 S e p t 1 „1 9 4 ,1 .
U t i c a A M o h a w k V a il 1 st M l 1901 4 J^g M S
. .
$ 4 ,0 0 0 ,0 0 0 g o ld ( $ 1 .0 0 0 ) ) I n t e r e s t a t N e w Y o r k 'Ir u s t C o ., N e w Y o r k ,
c * ---------------c a n n o t b e c a lle d )
tru ste e .
..................
R o m e C it y R y
1 st m tg e ] 1900
5 g A -O
2 0 0 ,0 0 0 A p r il 1 1 9 5 0
$ 2 0 0 ,0 0 0 g o ld ( $ 5 0 0 ) ____ c * / l n t . a t T r u s t C o. o f A m e r ., N . Y . , t r u s t e e .
U t ic a B e lt 1st m t g $ 5 0 0 ,0 0 0 1 1 8 8 9
5 M N
5 0 0 ,0 0 0 N o v 1 1 9 3 9
g o ld ( $ 1 ,0 0 0 ) ...................... - . . / I n t e r e s t a t N . Y . T r u s t C o .. N . Y . , t r u s t e e .
U t ic a B e lt 2 d m t g $ 2 0 0 ,0 0 0 1 1891
5 J J
3 9 ,0 0 0 J a n 1 1931
g o ld ( $ 5 0 0 ) ________________ c / I n t e r e s t a t N . Y . T r u s t C o ., N . Y . , t r u s t e e .
H er k M o Illo n A F r a n k f o r t) 18 9 5
5 g J J
1 5 0 ,0 0 0 M a y 1 1 9 2 5
m t g g o ld ( $ 1 ,0 0 0 ) _______ c*J I n t . a t F a r m . L o a n A T r . C o .. N . Y . , t r u s t e e .
B o n d s .— O f th e n e w $ 4 ,0 0 0 ,0 0 0 m o r t g a g e , $ 6 8 9 ,0 0 0 a re r e se r v e d f o r u n d e r l y ln g H en s, a n d t h e r e m a in d e r ( $ 1 ,0 4 3 ,0 0 0 ) fo r f u tu r e a d d it io n s a t t h e r a te
o f 75 % o f c o s t , b u t o n ly w h e n n e t e a r n in g s fo r p r e c e d in g y e a r a m o u n t t o
d o u b le t h e I n te r e s t c h a r g e o n a ll b o n d s , I n c lu d in g t h o s e t o b e I s su e d .
V . 73
. 1265.
T h e $ 1 6 1 ,0 0 0 u n is s u e d 2d m o r t . b o n d s o f U t ic a B e lt L in e h a v e
e c n c a n c e le d .
.
D ivid en d s. - O il p r e f. s to c k In 1 9 0 6 , D e c . 3 1 . 5 % . In 1 9 0 7 . M arch 3 1 ,
1 K % : J u l v . l l . 1 ! T % : O c t .3 1 . 1 H % .
I n 1 9 0 8 . 5 % . Tn 1 9 0 9 . .Tan., 1 M % ;
A p r il, 1 JT%: J u l y , 1 M % .
O n co m m o n , 4% D e c . 1907.
N o n e s in c e .
R O A D . —T h e c o n s o lid a t e d road o w n s a n d o p e r a te s a b o u t 124 m ile s o f
t r a c k ( in c lu d in g R o m e C ity S t . R y . , 6.,s o m il e s ) . R u n s fro m U t ic a t o
R o m e ; fro m U t ic a t o L it tle F a lls; fro m U t ic a to C lin to n , a n d t o N e w Y o rk
M ills.
D o u b le tr a c k , 80 lb . T a n d 9 5 - lb . g ir d e r r a il.
H a s 141 m o to r a n d
20 o t h e r e a r s.
C o n n e c t s a t M o h a w k « n t. Mic t r a c k s o f t h e O n e o n ta ,A
M o h a w k V a lle y R R . Co H
E
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s. $ 1 ,0 8 9 ,3 4 3 ; m et,
$ 4 2 9 ,4 7 3 ; o t h e r I n c o m e , $ 1 2 ,4 3 4 ; c h a r g e s , $ 2 0 2 ,5 2 9 ; s u r p lu s , $ 2 3 9 ,3 7 8 . I n
1 9 0 7 , g r o s s , $ 1 ,1 2 0 ,4 1 3 ; n e t , $ 4 1 3 ,0 1 2 ; o t h e r I n c o m e , $ 1 7 ,8 3 7 ; c h a r g e s ,
$ 1 9 8 ,1 7 6 ; s u r p lu s , $ 2 3 2 ,6 7 3 .
O F F I C E R S .— P r e s ., H o r a c e E . A n d r e w s , C le v e la n d ; V l c e - P r e s ., J o h n J.
S t a n l e y , C le v e la n d , a n d W . K . V a n d e r b ilt J r ., N e w Y o r k ; V . - P .a n d G en .
M g r ., C . L o o m is A lle n ; T r e a s ., C h a rle s B . R o g e r s , U t ic a ; S e e ., W a lte r
N . K e r n a n , U tic a : A s s t . S e c . a n d G e n . A n d .. A . L . L in n J r . N e w Y o r k .
— V . 8 2 . p . 1 6 1 ; V . 8 8 , p . 54
(2)
Oneida Railway Co.
H a s $ 2 ,0 0 0 ,0 0 0 c a p ita l s t o c k , o f w h ic h 9 6 .1 3 % Is o w n e d b y t h e N . Y .
S ta te R y s.
N o b o n d s.
H a s tr a c k a g e a g r e e m e n t o v e r t h e W e s t S h o r e R R .
b e t w e e n U t i c a a n d S y r a c u s e a n d o p e r a te s 113 m ile s o f t r a c k .
I t is p la n n e d
t o c o n s o lid a t e t h is r o a d w it h t h e U t ic a & M o h a w k V a lle y R y .
(3 )
Syracuse Rapid Transit Ry.
F o r m e r ly c o n t r o lle d b y M o h a w k V a lle y C o ., b u t la t t e r c o m p a n y d is p o s e d
o f Its h o ld in g s t o N e w Y o r k C e n tr a l a s p e r p la n d e s c r ib e d in V . 8 7 , p . 5 4 6 .
N o w c o n t r o lle d b y N e w Y o r k S t a t e R y s .. w h ic h o w n s 5 7 .9 4 % o f s to c k
S ee V . 88. p. 54.
O R G A N I Z A T I O N .— I n c o r p o r a te d M a y 21 1 8 9 6 p e r p la n In V . 6 2 , p . 6 4 4 .
O n J u n e 1 18 9 9 le a s e d E a s t S id e T r a c tio n fo r 99 y e a r s a t a r e n ta l o f $ 1 2 ,5 0 0
p e r a n n u m ; a ls o o w n s a ll o f t h e ($ 3 0 0 ,0 0 0 ) c a p it a l s to c k o f t h e c o m
p a n y . F ra n ch ise s p e r p e tu a l.
I n J a n . 1 9 0 2 t h e fir st m o r t g a g e b o n d s
w e r e lis t e d o n t h e P h ila d e lp h ia S t o c k E x c h a n g e .
In M a y 19 0 5 le a s e d t h e
fra n ch ise s a n d r ig h ts o f w a y o f t h e S y r a c u s e & O n e id a L a k e R y . fo 9 9 9
y e a r s a t $1 p e r y e a r .
M a tu r ity .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
$ 2 ,7 5 0 ,0 0 0 F e b ’0 9 , 3%
C o m m o n $ 2 ,7 5 0 ,0 0 0 ( $ 1 0 0 ) ___ ______
1 ,2 5 0 ,0 0 0 O c t 0 9 . I K
P r e fe r r e d 6 % n o n -c u m ( $ 1 0 0 ) . ____
Q-J
.. _____________
_ g ____
2 ,5 0 0 ,0 0 0 M ch 1 1946
F ir s t m tg ( $ 3 ,2 5 0 ,0 0 0 ) g o l d ) . . .9 .6
18
5 „ M S
( $ 1 , 0 0 0 ) _________________ c * / G u a r a n ty T r u s t C o ., N e w Y o r k , t r u s t e e .
P e o p le ’s R R fir st m o r t g a g e . f 1891
’ 5 J.T
7 5 0 ,0 0 0 J a n 1 1921
g o l d ---------------------------------------- l l n t e r e s t a t M e r c h a n ts ’ N a t . B a n k , S y r a c u s e .
S e c o n d m tg $ 7 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) ) 19 0 0
5 g J J
65 1.0 0 0 J a n 1 1930
g o l d ........ .....................................c * ] I n t. a t C itiz e n s S a v . A T r. C o., C le v e ., t r u s t e e .
E a s t S id e T r a c t io n first m tg ) 1 8 9 9
5 J D
2 5 0 .0 0 0
J u n e 1 1929
$ 2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) g o l d ------/ I n t . a t C itiz e n s S a v . A Tr. C o., C le v e ., t r u s t e e .
L o a n s p a y a b le J u n e 3 0 1 9 0 9 .............................. .............
1 ,4 6 0 ,0 0 0 ...................... B o n u s . — T h e R a p id T r a n s it m t g o f 1 8 9 6 Is for $ 3 ,2 5 0 ,0 0 0 , o f w h ic h
$ 7 5 0 ,0 0 0 o f b o n d s Is r e se r v e d t o r e tir e t h e P e o p le ’s R R . fir s ts .
O f th e s e c
o n d m tg b o n d s $ 9 6 ,0 0 0 a r e In t h e c o m p a n y 's tr e a s u r y ; t h e s e b o n d s a r e
s u b j e c t t o c a ll on a n y I n te r e s t d a t e .
D iv id e n d s . — F ir s t d iv id e n d , 1% o n p r e f. s t o c k , w a s p a id A p ril 1 1 903;
a ls o 1% J u ly 1 a n d O n 1; In 1 9 0 4 . 4 % : in 1 9 0 5 , 4 K % : In 1 9 0 6 , 5 14%
In 1 9 0 7 , 6 % ; In 1 9 0 8 , 6 % ; In 1 9 0 9 , 6 % .
O n c o m m o n , fir s t d iv id e n d — 3% —
p a id F e b . 1 1 9 0 8 ; In 1 9 0 9 , F e b ., 3 % .
R E P O R T .— F o r y e a r s e n d in g J u n e 30:
Y ea r.
G ross.
N et.
C harges.
S u r p lu s .
$ 2 1 ,7 3 7
$364,584
1 9 0 8 -0 9 ...................................$ 1 ,3 5 0 ,5 5 6
$ 3 8 6 ,3 2 1
3 3 4 ,6 0 7
1 5 5 ,4 8 8
1 ,3 1 2 .2 9 2
4 9 0 ,0 9 5
1 9 0 7 -0 8 .......................
1 9 5 ,0 7 1
2 9 5 ,1 8 0
1 9 0 6 -0 7 .................................... 1 ,1 7 6 ,7 6 7
4 9 0 ,2 5 1
2 5 8 ,8 1 2
1 8 9 .2 5 9
1 ,0 2 7 ,3 3 9
4 4 8 ,0 7 1
1 9 0 5 .0 6
R O A D .— O w n s a n d o p e r a t e s 8 0 .3 8 m ile s o f tr a c k ; le a s e s 6 .9 7 m ile s; t o t a l ,
8 7 .3 5 m il e s .
R a lls . 9 0 - lb . g ir d e r In c i t y a n d 8 5 - lb . T In s u b u r b s .
H as
1 7 8 c a r s , 11 s n o w - p lo w s , 3 s w e e p e r s , 1 0 c o n s t r u c t io n , 1 e x p r e s s c a r a n d 2
s e r v ic e c a r s.
O F F I C E R S .— P r e s ., H o r a c e E . A n d r e w s . C le v e la n d ; V . P . . W m . K .
V a n d e r b ilt, J r ., N e w Y o r k ; V . P . . J o h n J . S t a n l e y , C le v e la n d : V . - P . a n d
G en . M a n .. C. L o o m is A lle n , S y r a c u s e ; S e c . a n d T r e a s ., T . H . C o n d e r m a n ,
P h ila d e lp h ia , P a . — V . 8 7 , p . 54 6 ; V . 8 8 , p . 5 4 , 5 0 7 .
(4) Schenectady Railway.— A t r o l l e y r o a d .
E n tir e s to c k w a s p u r c h a s e d In F e b . 1 9 0 5 J o in tly b y t h e N . Y . C e n tr a l
A H . R . R R . a n d t h e D e l. A H u d . C o ., o n e - h a lf b y e a c h .
V . 80. p. 652.
T h e fo r m e r c o m p a n y tr a n sfe r r e d Its I n t e r e s t t o t h e M o h a w k V a lle y C o .,
w h ic h l a t t e r , h o w e v e r . In 1 9 0 8 t r a n sfe r r e d t h e s to c k b a c k a g a in t o N e w
Y o r k C e n tr a l a s p e r p la n In V . 8 7 . p . 2 8 6 , 5 4 5 , a n d s to c k Is n o w h e ld b y
N e w Y o r k S t a t e R y s . a s p e r p la n V . 8 8 , p . 5 4 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k . A r e o r g a n iz a t io n on
F e b . 11 18 9 5 o f t h e S c h e n e c ta d y S t r e e t R y . C o ., w h ic h w a s c h a r te r e d In
1 8 8 6 . C o n tr o ls t h e e n t ir e s tr e e t r a ilw a y b u s in e s s In S c h e n e c t a d y a n d s u b
u rb s.
H a s tr a c k a g e r ig h ts o v e r t h e U n it e d T r a c t io n C o .’s tr a c k s I n t o A l
bany and T roy.
F r a n c h is e s p e r p e tu a l.
F o r m e r ly o w n e d a ll t h e s t o c k of
t h e S c h e n e c ta d y I llu m in a t in g C o ., w h ic h w a s d e p o s ite d as a d d it io n a l s e c u r
i t y fo r t h e b o n d s o f 1 9 0 1 : a ls o e n t ir e s to c k o f t h e M o h a w k G a s C o ., d e
p o s ite d u n d e r c o n s o lid a t e d m o r t g a g e . O n A u g . 1 1 9 0 4 , h o w e v e r , t h e c o m
p a n y a s s ig n e d a n d s o ld Its a s s e t s r e la t in g t o S c h e n e c ta d y I llu m in a t in g C o .
a n d M o h a w k G as C o ., a n d t h e S c h e n e c t a d y I llu m in a t in g C o . a s s u m e d r e
s p o n s ib ilit y fo r t h e lia b ilit ie s r e la t in g t o It a n d t h e M o h a w k G a s C o. A m o n g
o th e r lia b ilit ie s a s s u m e d b y t h e S c h e n e c t a d y I llu m in a t in g C o . are t h e 1 ,0 0 #
c o n s o lid a t e d m o r tg a g e b o n d s o f t h is c o m p a n y , n u m b e r s 2 ,0 0 1 t o 3 ,0 0 0 In
c lu s iv e . o f $ 1 ,0 0 0 e a c h , a g g r e g a tin g $ 1 ,0 0 0 ,0 0 0 , a n d w h ic h a r e t h e o n ly
b o n d s o u t s t a n d in g u n d e r t h e c o n s o lla d t e d m o r t g a g e o f t h e S c h e n e c t a d y R y .
S t o c k a u t h o r iz e d h a s b e e n In c r e a se d fro m $ 6 0 0 ,0 0 0 t o $ 7 ,0 0 0 ,0 0 0 fo r
v a r io u s p u r p o s e s , a s s p e c ifie d In V . 7 7 , p . 1 2 9 5 ; V . 8 3 , p . 2 1 4 .
S T O C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
S t o c k $ 7 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .....................................................
$ 4 ,1 0 0 ,0 0 0 ------------------4 K g M -S
2 ,0 0 0 ,0 0 0 S e p t 1 1841
1 st m o r tg a g e $ 2 ,0 0 0 ,0 0 0 g o l d f 1901
( $ 1 , 0 0 0 ) ................................... c ’ f l n t . a t M e r c a n tile T r u s t C o ., N . Y ., T r u s t e e .
(M a y b e r e d . o n A a f t . S e p t . 1 1911 a t l l O A I n t ’
C on s m o rtg a g e
$ 7 ,5 0 0 ,0 0 0 f 1 9 0 3 4 ! ( g M - N
1 ,0 0 0 ,0 0 0 M a y 1 1 9 5 3
g o ld ( $ 1 , 0 0 0 ) . ...................... c * ( U . S . M o r tg a g e A T r u s t C o ., N . Y . , T r u s t e e .
( I n t . a n d p r ln . a t N . W . H a rr is A C o ., N . Y .
B o n d s . — U n d e r t h e a r r a n g e m e n t w it h t h e S c h e n e c ta d y I liu m . C o . n o t e d
a b o v e , n o m o re b o n d s c a n b e Issu e d u n d e r t h e $ 7 ,5 0 0 ,0 0 0 c o n s o l, m t g e . b e
y o n d t h e $ 1 ,0 0 0 .0 0 0 n o w o u t s t a n d in g .
A s in k in g fu n d o f 1 % o f b o n d s o u t
s ta n d in g ( In c lu d in g t h e fir st m t g e . b o n d s) c o m m e n c e s In 20 y e a r s , t o b e u s e d
to r e tir e e it h e r Issu e o f b o n d s . S e e V . 7 6 , p . 2 6 6 , 1 0 8 6 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 (fr o m r a ilw a y b u s in e s s
o n l y ) , g r o s s , $ 8 8 0 ,4 4 0 ; n e t , $ 2 7 8 ,3 1 6 : c h a r g e s , $ 1 2 2 ,2 5 6 ; s u r p lu s , $ 1 5 6 ,0 6 0
R O A D .— O p e r a te s 1 1 0 .2 0 m ile s o f t r a c k , I n c lu d in g e x t e n s io n s t o A lbany*T r o y , B a l ls t o n , A c .
H a s tr a c k a g e r ig h ts o n 1 6 .1 0 m ile s .
7 0 , 7 5 , 78 a n d
8 0 - lb . T . a n d g ird er r a il. T h e D e la w a r e A H u d s o n c o m p le t e d J u l y 4 190 7
a n a d d it io n a l tr a c k o n Its o w n r ig h t o f w a y fr o m B a lls t o n t o S a r a t o g a , t o
b e o p e r a te d b y e le c t r i c it y In c o n n e c tio n w it h th e S c h e n e c t a d y R y .
H as
a g r e e m e n t w it h F o n d a J o h n s t o w n A G lo v e r s v llle R y . C o . ( e le c tr ic d iv is io n )
w h e r e b y l a t t e r c o m p a n y o p e r a te s its c a r s In to S c h e n e c t a d y .
D oes a
p a c k a g e e x p r e s s b u s in e s s th r o u g h c o n t r o lle d E le c tr ic E x p r e s s C o .
O p e r a te s
168 m o to r a n d 3 3 o t h e r c a r s.
O F F I C E R S .— P r e s ., C . S . S im s; V . - P . , H o r a c e E . A n d r ew s; G e n . M g r ..
E . F . P e c k ; S e e ., T r e a s . a n d P u r c h . A g t ., J . H . A tk in s ; G en . A u d ., A . L .
L in n J r ., N e w Y o r k ; A u d ., F . E . B e llb v llle ; S u p t . , G . L . R a d c lllf .— V . 8 0 ,
p . 652; V . 8 2 , p . 5 6 9 , 1380; V . 8 3 , p . 214; V . 8 8 , p . 54.
ROCHESTER & SUBURBAN RY.—A t r o lle y r o a d .
F o r m e r ly c o n t r o lle d b y M o h a w k V a l. C o . b u t l a t t e r c o m p a n y d is p o s e d
o f Its h o ld in g s to N . Y . C e n tr a l a s p e r p la n In V . 8 7 , p . 2 8 6 , 5 4 5 , a n d V . 8 8 ,
p. 53.
I t Is I n te n d e d to m e r g e t h is ro a d i n to th e N e w Y o r k S t a t e R y s . Co
O R G A N I Z A T I O N .— I n c o r p o r a te d o n J a n . 3 0 1 9 0 0 ns a s u c c e s s o r o f t h e
R o c h e s t e r A I r o n d e q u o lt R R .
O n A u g . 2 5 1 9 0 0 a c q u ir e d t h e e n t ir e c a p ita l
s to c k o f t h e R o c h e s t e r A L a k e O n ta r io R y . C o . a n d c o n s o lid a t e d w it h I t.
T h e b r a n c h r u n n in g fr o m R o c h e s t e r t o S u m m e r v ille Is le a s e d t o t h e N e w
Y o r k S t a t e R y s . C o.
STO C K A N D B O N D S —
D a te.
In te re st. O u ts ta n d in g .
M a tu r ity
S t o c k , c o m , $ 7 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
$ 7 0 ,0 0 0 .........................
P r e f, 5 % c u m , $ 3 5 0 ,0 0 0 ($ 1 0 0 ) ...........................- - 3 5 0 ,0 0 0 ......... ................
1 s t m o r t g a g e , $ 4 5 0 ,0 0 0 , g o l d ) 1 9 0 0
5 g A -O
(S e e t e x t ) J u l y 1 193 0
( $ 1 , 0 0 0 ) _______ ______ ___ c * j l n t . a t R o c h . T r . A S . D e p . C o ., T r u s t e e .
B o n d s . — B o n d s a rc Issu ed a n d a r e h e ld b y t h e t r u s t e e a s s e c u r it y fo r
lo a n s , w h ic h o n S e p t . 1 1909 w e r e $ 4 5 0 ,0 0 0
E A R N I N G S .— F o r fisca l y e a r e n d in g D e c . 31 1 9 0 8 : G ro ss, $ 6 0 ,0 4 9 ; n e t
$ 2 5 ,0 2 0 ; o t h e r I n c o m e , $ 1 9 ,0 4 8 : c h a r g e s , $ 4 2 ,8 6 0 : s u r p lu s , $ 1 ,2 0 9 .
R O A D .— C o m p r ise s 33 m ile s o f t r a c k fr o m R o c h e s t e r t o S e a B r e e z e and
fro m R o c h e s t e r to S u m m e r v ille , b u t S u m m e r v ille b r a n c h ( 9 .2 0 m ile s o f
tr a c k ) le a s e d to t h e N e w Y o r k S t a t e R y s . C o .
O F F I C E R S .— P r e s ., H o r a c e E . A n d r e w s , N e w Y o r k ; V .-P. , W . K . Van
d e r b ilt J r .; S e c . a n d A u d ., J. C . C o llin s; T r e a s ., E . L . R o s s lte r ; G e n . Mgr.,
E . J. C o o k ; A s s t . S e c . a n d G e n . A u d ., A . L . L in n J r .— V. 7 0 p . 2 3 1 ; V. 7 1 ,
p . 6 9 9 ; V . 8 0 , p. 1 7 2 9 .
ROCHESTER & MANITOU RR.
O R G A N I Z A T I O N .— I n c o r p o r a te d o n A u g . 12 1 9 0 8 . A c q u ir e d p r o p e r ty o l
t h e R o c h e s t e r C h a r lo t te & M a n tto u , s o ld a t f o r e c lo s u r e J u l y 21 1 9 0 8 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 6 0 ,0 0 0 ( $ 1 0 0 ) ................. .........................................
$ 6 0 ,0 0 0
F ir s t m o r t g a g e $ 6 0 ,0 0 0 g o l d ) 1 9 0 9
5 g M -N
5 0 ,0 0 0
M ay 1 1929
( $ 5 0 0 a n d $ 1 , 0 0 0 ) ...............c * j l n t . a t S e c u r it y T r u s t C o ., R o c h e s t e r , tr u s t e e
B O N D S .— N o s in k in g fu n d .
B o n d s a r e s u b j e c t t o c a ll a t 1 0 5 a n d I n te r e s t
• n o r a f t e r M a y 1 19 1 4 o n 8 w e e k s ’ n o t ic e .
H O A D .— R u n s f r o m C h a r lo tte (o n L a k e O n ta r io ) t o M a n lto u B e a c h , 7 H
m ile s .
O F F I C E R S .— P r e s ., D a v id H y m a n ; S e c . a n d T r e a s ., K e n d a ll B . C a s t le .
— V . 8 7 , p . 54 5 ; V . 8 8 , p . 1 3 1 4 .
ROCHESTER SYRACUSE & EASTERN RR.
C o n tr o lle d b y t h e B e e b e s y n d i c a t e , w h ic h a ls o c o n t r o ls t h e A u b u r n &
N o r th e r n a n d th e A u b u rn & S y ra cu se.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k In O c to b e r 1 9 0 1 .
Ex
c e p t In v illa g e s , a ll o f t h e r o a d Is o v e r p r iv a te r ig h t o f w a y , t h e fra n ch ises In
t h e c it ie s a n d t o w n s b e in g p e r p e tu a l.
O w n s 1 m ile p r iv a te r ig h t o f w a y In
c it y o f R o c h e s t e r .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
................
$ 5 ,2 5 0 ,0 0 0 ____
C o m m o n . $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . .........
P f , $ 2 ,5 0 0 ,0 0 0 6% n - c u m ( $ 1 0 0 ) ....................................
2 .2 0 5 , 0 0 .........................
1 st
m o rtg a g e .
$ 7 ,5 0 0 ,0 0 0 ,1 1 9 0 5
5 g M -N
3 .7 3 9 ,0 0 0 M a y 1 1 9 4 5
g o ld , ( $ 1 , 0 0 0 ) ___________ c * J I n t . a t K n ic k e r b o c k e r T r C o , N . Y . , T r u s .
B o n d s .— O f t h e $ 7 ,5 0 0 ,0 0 0 a u t h o r iz e d , $ 2 ,0 0 0 ,0 0 0 Is fo r b u ild in g th e
r o a d fr o m R o c h e s t e r t o L y o n s a n d $ 3 ,0 0 0 ,0 0 0 (a u th o r iz e d b y N . Y . R R .
C o m m is s io n J a n . 1 1 9 0 7 — s e c V . 8 4 , p . 2 7 2 ) r e se r v e d fo r r e m a in d e r o f lin e
fr o m L y o n s t o S y r a c u s e a t n o t e x c e e d i n g $ 3 5 ,0 0 0 p e r m ile , o r 7 5 % o f c o s t;
r e m a in in g $ 2 ,5 0 0 ,0 0 0 r e se r v e d fo r 7 5 % o f c o s t o f f u tu r e e x t e n s io n s a n d Im
p r o v e m e n t s . A r e s u b j e c t t o c a ll In a n y a m o u n t s a t 1 1 0 a n d in te r e s t on
a n d a fte r M ay 1 1 9 1 5 . S ee V . 8 0 . d . 2 4 5 9 .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 3 8 2 ,0 3 7 ; n e t , $ 1 7 0 ,
8 4 0 ; o t h e r I n c o m e , $ 9 ,5 5 4 ; fix e d c h a r g e s , & c ., $ 1 7 8 ,6 3 4 ; s u r p lu s , $ 1 ,4 6 0 .
R O A D . — O p e r a te s a d o u b le - tr a c k r o a d fr o m R o c h e s t e r to P o r t B y r o n , 58
m ile s ( c o m p le te d t o l a t t e r p o in t J u ly 1 0 0 8 ), m a k in g 1 1 6 m ile s o f tr a c k .
S t a n d a r d g a u g e ; 7 0 a n d 9 0 - lb . T r a il. W ill a ls o d o a f r e ig h t b u s in e s s . A t
P o r t B y r o n r o a d c o n n e c ts w it h A u b u r n & N o r th e r n E l e c t . R R . (o p e r a t e d
b y t h is c o m p a n y ) a n d c a r s a r e ru n d ir e c t t o A u b u r n , 11 m ile s; a t l a tt e r
p la c e c o n n e c t s w it h t h e A u b u r n & S y r a c u s e E l e c t . R R .; t h u s a th r o u g h
lin e Is fo r m e d fr o m R o c h e s t e r t o S y r a c u s e .
R o a d w ill e v e n t u a ll y , h o w
e v e r , ru n d ir e c t ly t o S y r a c u s e , w h ic h e x t e n s io n Is e x p e c t e d t o b e c o m p le t e d
a b o u t J a n . 1 1910.
H a s 17 c a r s , b e s id e s 2 s n o w - p lo w s a n d 3 w o r k c a r s.
P o w e r h o u s e a t L y o n s , N . Y .; 6 s u b - s t a t io n s .
O F F I C E R S .— P r e s .. L . C . S m it h ; V ic e -P r e s id e n ts , F . W . R o e b lln g , C . D .
B e e b e a n d W . A . H o ld e n ; S e c ., C . A . L u x ; T r e a s ., W . A . H o ld e n ; M gr ,
C . D . B e e b e .— V . 8 6 , p . 60 3 ; V . 8 7 . p . 3 4 7 .
(1)
A u b u r n & N o r th e r n E le c tr ic R R .
O R G A N I Z A T I O N .— O r g a n iz e d In N e w Y o r k In 1 9 0 4 .
In M ay 1 007 th e
N e w Y o r k R a ilr o a d C o m m is s io n e r s g r a n t e d p e r m is s io n t o I n c r ea se s t o c k
fr o m $ 2 5 0 ,0 0 0 t o $ 1 ,5 0 0 ,0 0 0 .
V. 84, p. 626.
P r iv a t e r ig h t o f w a y , e x c e p t
In A u b u r n a n d P o r t B y r o n , w h e r e f r a n c h is e s a r e p e r p e tu a l.
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ............................................................
$ 2 0 0 ,0 0 0
.........................
P r e fe r r e d , $ 5 0 0 ,0 0 0 ...................... _ .................................
2 0 0 ,0 0 0
____________
F ir s t m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 1 1 9 0 5
5 g M -N
N one
M ay 1 1945
( $ 1 ,0 0 0 ) g o l d -------------------c * / T h e T r u s t C o m p a n y o f A m e r ic a , T r u s t e e .
B o n d s . — A r c s u b j e c t to c a ll o n o r a f te r M a y 1 1 9 1 5 o r a n y in te r e s t p e r io d
th e r e a f t e r o n 60 d a y s ’ n o t ic e a t 1 1 0 .
N o s in k in g fu n d .
R O A D .— C o n s is ts o f 11 m ile s o f t r a c k (w h ic h Is o p e r a te d b y t h e R o c h e s
te r S y r a c u s e & E a s t e r n E le c .) b e t w e e n A u b u r n , w h e r e It c o n n e c ts w it h t h e
A u b u r n & S y r a c u s e E le c . R R . , a n d P o r t B y r o n , c o n n e c tin g a t l a t t e r p o in t
w it h R o c h e s t e r S y r a c u s e & E a s t e r n R R .
7 0 - lb . T ra il In c o u n tr y ; 9 0 - lb .
g ir d e r In c it y .
O F F I C E R S .— P r e s ., E . D . M e tc a lf, A u b u r n ; V . - P . a n d G e n . M g r.
C . D . B e e b e , S y r a c u s e ; S e c ., H . C . B e a t t y ; S y r a c u s e ; T r e a s ., W . A . H o ld e n
S y r a c u s e .— V . 8 4 , p . 6 2 6 .
ROCKLAND, ME.
$ 1 8 0 ,0 0 0 s t o c k a n d $ 1 2 0 ,0 0 0 b o n d s o f t h e R u tla n d C it y E le c tr ic C o . V . 8 3 ,
p. 626.
In M a rch 1 9 0 8 c o n s o lid a t e d w it h t h e l a tt e r c o m p a n y , t h u s c o m
p le tin g c o n s o lid a t io n o f a ll t h e R u t la n d p u b lic u t il it i e s .
V . 86, p. 1044.
F ra n ch ise s h a v e b e e n g r a n t e d b y s p e c ia l A c t s o f V e r m o n t L e g is la t u r e a n d
a r e s t a t e d t o b e p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 1 ,5 0 0 ,0 0 0 ..........................
1 st
m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 ,1 1 9 0 6
5 g M -S
1 ,5 0 0 ,0 0 0 M ch 1 1 9 4 6
g o ld ( $ 1 ,0 0 0 ) -------------------c * / I n t . a t L in c o ln T r u s t C o ., N . Y . , T r u s t e e .
B o n d s .— T h e r e m a in in g b o n d s m a y b e Issu ed fo r a d d i t io n s , I m p r o v e m e n t s
a n d e x t e n s i o n s u n d e r r ig id r e s t r ic t io n s .
B o n d s a r e r e d e e m a b le a t 1 1 0 a n d
l n t . , a s a w h o le o r In a m o u n t s o f n o t le s s t h a n $ 5 0 ,0 0 0 , o n a n y I n t. d a y a f t e r
M a rch 1 1 9 1 6 . S in k in g fu n d b e g in s M a r ch 1 1 9 1 6 , p r o v id in g fo r a n n u a l
p a y m e n t s . In c r e a s in g fr o m )4 % t o 2% o f b o n d s o u t .
E A R N I N G S .— F o r t h e y e a r e n d in g A u g . 31 1 9 0 9 , g r o s s , $ 2 5 2 ,8 7 6 ; n e t ,
$ 1 2 0 ,7 7 8 ; I n t e r e s t a n d t a x e s , $ 8 1 ,3 9 6 ; s u r p lu s , $ 3 9 ,3 8 2 .
In 1 * 0 8 , gross
$ 2 5 4 ,5 2 8 ; n e t , $ 1 1 6 ,3 9 1 ; I n te r e s t a n d t a x e s , $ 8 0 ,6 1 7 ; s u r p lu s , $ 3 5 ,7 7 4 .
R O A D .— O w n s a n d o p e r a te s 25 m ile s o f tr a c k In R u t la n d , e x t e n d in g t o
W e s t R u t la n d a n d t o F a ir H a v e n , o n t h e N e w Y o r k S t a t e l in e , w it h e x t e n
s io n t o B o m u s e e n . S t a n d a r d g a u g e ; 6 0 - lb . T r a il.
O F F I C E R S .— P r e s ., G . T r a c y R o g e r s , B in g h a m t o n ; V . - P ., L e o H . W is e ,
N e w Y o r k ; S e c . a n d T r e a s ., C . H . W e s t; G en . M g r ., G e o . S . H a le y .— V . 8 3 ,
p . 6 2 6 , 1472; V . 8 6 , p . 1044; V . 8 8 , p . 101.
SAGINAW, MICH.
SAGINAW-BAY CITY RAILWAY & LIGHT CO.
O R G A N I Z A T I O N .— T h is c o m p a n y w a s In c o r p o r a te d In N e w J e r s e y ®u
A u g . 3 1 9 0 3 , a n d Is a c o n s o lid a t io n o f t h e S a g in a w V a lle y T r a c t io n C o ., t h e
B a y C ity T r a c t io n & E le c . C o ., t h e B a y C ity G a s C o ., t h e S a g in a w C ity G a s
C o. a n d t h e B a r t le t t I llu m in a t in g C o . o f S a g in a w t h u s c o n t r o llin g t h e
str e e r a ilw a y , e le c t r ic lig h t a n d g a s I n te r e s ts o f t h e t w o c it i e s .
E . W . C lark
& C o . o f P h ila d e lp h ia a n d H o d e n p y l, W a lb r ld g c & C o . o f N e w Y o r k fin a n c e d
th e e n t e r p r is e . V . 7 6 . p . 1 2 5 0 ; V . 7 7 , p . 9 5 1 . F ra n ch ise s e x t e n d fro m 16
to 3 0 y e a r s fro m 1 9 0 3 . O n S e p t . 29 1 9 0 3 t h e B a y C ity U n it e d T r a c . C o ., a
te m p o r a r y o r g a n iz a t io n , p u r c h a s e d a t fo r e c lo su r e t h e p r o p e r ty o f t h e B a y
C itie s C o n so l. R y . In th e I n te r e s t o f t h is c o .
V .7 7 ,p .9 5 0 .
T hat com pany
w a s s u b s e q u e n t ly m e r g e d In to t h e S a g in a w B a y C it y R y . & L ig h t C o .
F avorable D e c isio n .— J u d g e G a g e o n N o v . 2 3 19 0 8 h e ld t h e 9 0 - c e n t g a s
r a t e e s t a b lis h e d b y t h e C o m m o n C o u n c il In J u n e 1 9 0 6 to b e u n r e a s o n a b le
a n d c o n f is c a to r y , a n d t h a t t h e r a t e o f $1 a g r e e d t o b y t h e S a g in a w C ity
G a s C o . b e a llo w e d d u r in g t h e r e m a in d e r o f t h e 5 - y r . p e r io d fr o m J u n e
1906. V . 8 7 , p . 1421; V . 8 8 , p . 159.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................
$ 3 ,0 0 0 ,0 0 0 _____ ______
C o lla t t r u s t m tg c , $ 7 ,0 0 0 ,0 0 0 ,1 1 9 0 3
5 g M -S
3 ,3 5 5 ,0 0 0 S e p t 1 1923
g o ld ( $ 1 ,0 0 0 ) -------------------c * (M ic h ig a n T r . C o ., T r u s t e e , G ra n d R a p id s .
S a g in a w V a lle y T r a c 1 st M ,\ 1 8 9 9
5 g F -A
8 2 0 ,0 0 0 F e b 1 1 9 2 0
$ 8 5 0 ,0 0 0 . g ( $ 1 ,0 0 0 e a c h ) c * J I n t . a t B o s t o n S a fe D e p . & T r . C o ., T r u s t e e
S a g C ity G as 1 s t M , $ 1 ,0 0 0 ,-1 1901
5 g M -N
7 5 0 ,0 0 0 M ay 1 1 9 1 6
0 0 0 , g o ld ($ 5 0 0 a n d $ 1 ,0 0 0 ) /M ic h ig a n T r . C o ., G ra n d R a p id s , T r u s t e e .
B a y C ity G a s 1 s t M , $ 5 0 0 ,-1 1 9 0 0
5 g J -D
3 9 5 ,0 0 0 J u n e 1 1 9 2 0
0 0 0 g o ld ( $ 5 0 0 & $ 1 ,0 0 0 ) j I n t e r e s t a t N e w Y o r k T r u s t C o ., T r u s t e e .
B o n d s .—-Of t h e n e w c o lla t e r a l t r u s t m t g c . fo r $ 7 ,0 0 0 ,0 0 0 , $ 1 , 9 4 5 ,0 0 0 a r e
r e se r v e d fo r p r io r H ens a n d $ 1 ,3 8 1 ,0 0 0 for Im p r o v e m e n ts; $ 3 1 9 ,0 0 0 a re In t h e
tr e a s u r y o f th e c o m p a n y . T h e n e w b o n d s a r e s u b j e c t t o c a ll o n a n y I n t e r e s t
d a t e a t 105 u p o n 6 0 d a y s ’ n o t ic e .
I n t . o n th e s e b o n d s Is p a y a b le a t H o d e n
p y l, W a lb r ld g e & C o ., N e w Y o r k , a n d E . W . C lark & C o .. P h ila d e lp h ia , a n d
a t t h e M ic h ig a n T r u s t C o ., G ran d R a p id s , T r u s t e e . T h e S a g in a w C ity G as
b o n d s arc s u b j e c t t o c a ll a t 105 a n d l n t . o n 6 w e e k s ’ n o t ic e . T h e B a y C ity
G as b o n d s are s u b . t o c a ll a t 1 1 0 a n d l n t . o n a n y I n t. d a t e u p o n 4 w e e k s ’
n o t ic e . T h e S a g in a w V a lle y T r a c t io n 1 s t 5 s u n is s u e d a r e h e ld a s a d d it io n a l
s e c u r it y fo r t h e S a g in a w - B a y C it y R y . & L ig h t C o . 5 s . A s in k in g fu n d o f
$ 8 ,5 0 0 p e r a n n u m o n th e s e b o n d s c o m m e n c e s F e b . 1 19 0 7 a n d r u n s fo r 5
y e a r s , a f te r w h ic h $ 1 7 ,0 0 0 p e r a n n u m Is p a y a b le , s a id fu n d t o be I n v e s te d
In t h e b o n d s a t n o t a b o v e 1 0 7 ) 4 a n d I n te r e s t. S in k in g fu n d h e ld o n F e b . 1
1 9 0 8 , $ 1 8 ,0 0 0 o f b o n d s .
R O A D .— O p e r a te s 5 6 m ile s o f s tr e e t r a ilw a y t r a c k In S a g in a w a n d B a y
C it y , I n c lu d in g a n In te r u r b a n lin e b e tw e e n t h e t w o c it ie s .
O F F I C E R S .— P r e s ., A n to n G . H o d e n p y l, N e w Y o rk ; V . - P ., O. M . C lark;
S e c . a n d T r e a s ., G eo . E . H a r d y , N o w Y o r k ; A s s t . S e e . a n d T r e a s ., G . L .
E s t a b r o o k , P h lla .; G en . M g r ., J . F . C o llin s .— -V . 7 7 , p . 2 9 9 , 9 5 1 ; V . 8 2 .
p . 1 1 03; V . 8 7 . p . 1 4 21; V . 8 8 , p . 1 5 9 .
ROCKLAND THOMASTON & CAMDEN STREET RAILWAY.— An
e le c t r ic r o a d .
In F e b . 1901 c o n s o lid a t e d w it h t h e K n o x G a s & E le c tr ic C o ., a n d m a d e a
n e w m o r tg a g e fo r $ 8 0 0 ,0 0 0 , fro m t h e p r o c e e d s o f w h ic h t h e o ld b o n d Issu es
o f b o t h c o m p a n ie s w e r e r e tir e d .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k , $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ......... ..........................................$ 1 0 0 ,0 0 0 1 9 0 8 - 0 9 ,5 %
1 s t m o r t g a g e , $ 8 0 0 ,0 0 0 , g o ld l 1901
4 g J -J
8 0 0 ,0 0 0 J a n 1 1921
( $ 5 0 0 a n d $ 1 , 0 0 0 ) ................. c / l n t . a t U n io n S . D . & T r . C o ., P o r t la n d ,T r u s .
B o n d s .— N o s in k in g fu n d a n d b o n d s c a n n o t b e c a lle d .
R O A D .— O p e r a te s 2 3 .8 1 5 m ile s o f tr a c k fr o m W a rren t h r o u g h T h o m a s t o n
t o R o c k la n d , R o c k p o r t a n d C a m d e n .
In S e p t . 1901 p u r c h a s e d " O a k la n d s ,”
a p a r k o f 7 5 a c r e s , fo r p u r p o s e s o f a p le a s u r e r e s o r t .
19 p a s s e n g e r , 1 e x
p r e s s c a r a n d 3 s n o w - p lo w s .
Y r s . en d . J u n e 3 0 . G ross.
N et.
I n t. & ta xes. C o n s tr 'n .
B a l .,s u r .
1 9 0 8 .................... . . . $ 1 3 5 , 1 7 7
$ 6 7 ,5 7 9
$ 3 3 ,6 4 2
$ 1 2 ,2 5 2
$ 2 1 ,6 7 5
1 9 0 7 ............................ 1 3 3 ,4 3 3
6 7 ,9 1 3
3 4 ,0 9 1
3 .3 3 1
3 0 ,4 9 1
1 9 0 6 ............................ 1 3 3 ,6 2 6
7 1 ,5 4 0
4 2 ,7 3 7
........
2 8 ,8 0 3
O F F I C E R S .— P r e s ., G . E . M a c o m b e r ; S e c ., H . M . H e a t h ; T r e a s ., A . D
B ir d ; G e n . M g r ., T h o m a s H a w k e n ; S u p t . , V . C h is h o lm .— V . 7 2 , p . 3 9 2 .
ROME, GA.
ROME RAILWAY & LIGHT CO.— A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In G eo r g ia o n D e c . 2 8 1 9 0 6 , a n d Is a
r e o r g a n iz a t io n o f t h e C ity E le c tr ic R y .
V. 83 , p. 1591.
F u r n is h e s lig h t
a n d p o w e r t o c i t y a n d p r i v a t e I n d iv id u a ls . F ra n ch ise p e r p e tu a l.
On
J a n . 21 1 9 0 9 R R . C o m m is s io n a u t h o r iz e d t h e I s su a n c e o f $ 7 5 0 ,0 0 0 b o n d s .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ................. ................................
$ 5 0 0 ,0 0 0 . .
$ 5 0 0 ,0 0 0 ,
g o ld ) 1907
5 g J -J
5 0 0 ,0 0 0 J a n 1 1 9 3 7
1st m tg e ,
( $ 1 , 0 0 0 ) ----------------------------- c / I n t . a t C n l. T r u s t C o ., L o u is v ille , T r u s t e e .
R e f u n d in g & e x t m t g e $ 7 5 0 .- ] 1 0 0 9
5 g J -J
1 1 7 ,0 0 0
.........................
0 0 0 g o l d ----------------------------- c j l n t . a t C o lu m b ia T r . C o ., L o u is v ille , t r u s t e e .
B o n d s . — T h e fir s t m t g e . b o n d s h a v e n o s in k in g f u n d , b u t c a n b e c a lle d
a t 105 a n d I n t e r e s t u p o n 6 m o n t h s ’ n o t ic e .
$ 5 0 0 ,0 0 0 r e f. a n d e x t . m t g e .
b o n d s a r e r e s e r v e d fo r p rior lie n s ; r e m a in d e r a r e fo r e x t e n s io n s .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 0 0 ,4 2 0 ; In 1 9 0 7 , g r o s s .
$ 9 2 ,6 9 5 ; In 1 9 0 6 . g r o s s , $ 7 5 ,5 3 6 .
R O A D .— O p e r a t e s 8 ) 4 m ile s o f tr a c k In R o m e , I n c lu d in g a n e x t e n s i o n
t o L in d a le . S t a n d a r d g a u g e .
6 0 - lb . T r a ils .
A n e x t e n s i o n 1 ) 4 m ile s
fr o m W e s t R o m e to S c a le s W o r k s w a s c o m p le t e d In 1 9 0 9 .
O F F I C E R S .— P r e s ., S . A . C u lb e r tso n ; V .- P . a n d G e n . M g r ., S . S . B u s h S e c a n d T r e a s ., G e o . W . L e w is , a ll o f L o u is v ille , K y .; S u p t . , H . J . A r n o ld !
R o m e . — V . 8 3 , p . 1 591; V . 8 8 , p . 1 0 1 . 5 6 5 .
ROME, N. Y.
ROME CITY STREET RY.— See Utica & Mohawk Valley Ry.
RUTLAND, VT.
RUTLAND RAILWAY, LIGHT & POWER CO.
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n In F e b . 1 9 0 6 o f t h e R u t l a n d
S t r e e t R y . , t h e P e o p le ’s G as L ig h t C o ., t h e V e r m o n t I n te r n a l I m p r o v e m e n t
C o . a n d t h e C h it te n d e n P o w e r C o .
I n S e p t . 1 9 0 6 a c q u ir e d t h e e n t ir e
ST. ALBANS, VT.
ST. ALBANS STREET RY.— A trolley road.
I n t e r e s t o n b o n d s w a s d e f a u lt e d In J u ly 1 9 0 5 .
S m it h are r e c e iv e r s .
W . II. V orce and F . B .
O R G A N I Z A T I O N .— In c o r p o r a te d In V e r m o n t . C o n tr o ls e n tir e b u s in e s s
In S t . A lb a n s a n d S w a n t o n . C h a rte r p e r m its t h e c a r r y in g o f b a g g a g e ,
e x p r e s s a n d m a ll; a ls o t h e r ig h t t o o p e r a te s tr e e t r a ilw a y s in F r a n k lin a n d
C h itte n d e n c o u n t ie s , V e r m o n t .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
.................
$ 2 0 0 ,0 0 0 ..........................
S t o c k , $ 2 0 0 ,0 0 0 ........................................ ..
1 st m t g c ,
$ 2 0 0 ,0 0 0 ,
g o ld l 190 2
5 g J -J 15
1 9 3 ,0 0 0 J a n 15 1 9 2 2
( $ 1 , 0 0 0 ) _________________ c * / l n t . a t M e r c a n tile T r u s t C o ., B o s t o n , T r u s .
B o n d s .— C an b e c a lle d o n a n y I n te r e s t d a t e a t 1 0 7 a n d a c c r u e d I n t e r e s t .
R O A D .— O p e r a te s 13 m ile s o f tr a c k fro m V illa g e o f S t . A lb a n s B a y o n
L a k e C h a m p la in , t o C ity o f S t . A lb a n s , a n d t o S w a n to n ; 6 0 - lb . T r a il .—
G en . M g r. Is W . H . V o r c e .— V . 8 1 , p . 8 4 1 .
ST. JOSEPH, MO.
ST. JOSEPH RAILWAY LIGHT HEAT & POWER CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M isso u ri o n N o v . 17 1 8 9 5 a n d
a c q u ir e d t h e f o llo w in g p r o p e r tie s ; T h e S t . J o s e p h T r a c t io n & L ig h t in g C o .,
P e o p le ’s R y . L ig h t & P o w e r C o ., C it iz e n s ’ R y . C o ., U n io n R y . C o ., S t .
J o s e p h & L a k e R y . C o . a n d W y a t t P a r k R y . C o . C o m p r ise s e n t ir e s t r e e t
r a ilw a y s o f S t . J o s e p h . C o m p a n y a ls o d o e s t h e e n t ir e c o m m e r c ia l e le c t r i c
l ig h t in g a n d p o w e r b u s in e s s , a n d s e lls s t e a m fo r h e a t in g p u r p o s e s .
M ost
o f t h e fr a n c h is e s a r e p e r p e tu a l, t h e o t h e r s m a tu r in g In p e r io d s fr o m 31 t o
45 y e a r s.
O w n s a p a rk o f 2 5 0 a c r e s o n L a k e C o n tr a r y .
V. 75, p. 1032.
I s m a n a g e d b y E . W . C la rk & Co. o f P h ila d e lp h ia .
In M a rch 19 0 3 b o n d s
w e r e l is t e d o n t h e N . Y . S t o c k E x c h a n g e a n d t h e P h lla . S t o c k E x c h a n g e .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g
M a tu r ity .
Q- i
$ 3 . 5 0 0 .0 0 0 S c p t . ’0 9 ,J 4 %
C o m . s t o c k $ 3 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ..............
P r e f s to c k 5 % c u m u l a t i v e ! ------5 Q -J
l , 5 6 0 , 0 0 0 0 c t . ’0 9 , l >4 %
$ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................J
1 st m tg e $ 5 ,0 0 0 ,0 0 0
g o ld ) _ 1 9 0 2
5 g M -N
4 .2 5 0 ,0 0 0 N o v 1 1 0 3 7
( $ 1 , 0 0 0 ) .................................... c * ( I n t e r e s t a t R e d m o n d & C o ., N e w Y o r k .
B o n d s .— T r u s t e e s a r e T r u s t C o . o f A m e r ic a , N e w Y o r k , a n d M isso u r i V a l
le y T r u s t C o ., S t . J o s e p h .
$ 6 5 8 ,0 0 0 a r e r e se r v e d fo r a d d it io n s a n d b e t t e r
m e n ts a t 8 5 % o f c o s t a n d $ 9 2 ,0 0 0 a r e In t r e a s u r y o f c o m p a n y . B o n d s
c a n n o t b e c a lle d .
V . 75 , p. 1032.
D iv id e n d s . — 5% p e r a n n u m h a s b e e n r e g u la r ly p a id o n p r e f. s t o c k fr o m
O c t. 1 9 0 2 u p t o a n d I n c lu d in g O c t . 1 9 0 9 .
F ir s t d l v . o n c o m . s t o c k p a id
D ec. 1908, 1% .
I n 1 9 0 9 , M a rch . )4 % ; J u n e , >4% : S e p t ., ) 4 % .
^
R O A D .— O w n s a n d o p e r a t e s 4 4 m ile s o f tr a c k .
191 c a r s.
R E P O R T .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s . $ 9 0 9 ,9 6 5 : n e t , $ 4 5 4 ,
0 5 8 ; fix e d c h a r g e s , $ 2 4 7 ,2 1 9 ; d l v s . o n p r e f. ( 5 % ) , $ 7 8 ,0 0 0 : s u r p lu s , $ 1 2 8 ,8 3 9 .
I n 1 9 0 7 , g r o s s , $ 8 7 0 ,2 8 6 ; n e t , $ 4 2 8 ,0 1 8 ; fix e d c h a r g e s , $ 2 4 2 ,8 9 6 ; d l v s . on
p r e f. ( 5 % ) , $ 7 8 ,0 0 0 ; s u r p lu s , $ 1 0 7 ,1 2 2 .
T ra n sfe r A g e n ts o f S to c k . — E . W . C la rk & C o ., P h i la d e lp h ia , P a .
O F F I C E R S .— P r e s ., J o h n D o n o v a n , S t . J o s e p h , M o .; V . - P . , E . W . C lark
P h lla .; S e c . a n d T r e a s ., G . L . E s t a b r o o k , P h lla .; V . - P . a n d G e n . M g r .
J . H . V a n B r u n t, S t . J o s e p h ; A s s t . S e c . a n d A s s t . T r e a s ., C h a s. E . F o s t e r ,
S t . J o s e p h .— V . 8 4 . p . 1 2 48; V . 8 7 , p . 1 3 5 8 , 1 4 2 1 , 1 4 7 6 .
ST. LOUIS, MO.
MISSOURI ELECTRIC RR.
UNITED RAILVVAYSCO OF ST. LOUIS.
I s c o n t r o lle d b y N o r t h A m e r ic a n C o . o f N e w Y o r k .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M isso u r i o n M a rch 11 18 9 8 a s t h e
C e n tr a l T r a c t io n C o ., b u t c h a n g e d Its n a m e t o a b o v e o n J u ly 10 1 8 9 9 .
In
J u ly 19 0 5 I n te r e s ts fr ie n d ly t o t ills c o m p a n y p u r c h a s e d t h e S t . L o u is S t .
C h a rle s & W e s te r n U R . a t fo r e c lo su r e s a le .
In O c t . 1 0 0 6 a b s o r b e d t h e
S t . L o u is & S u b u r b a n R y . , g iv in g Its p r e fe r r e d s t o c k , s h a r e fo r s h a r e , fo r
t h e s t o c k o f t h a t c o m p a n y . T h e U n it e d R y s . g u a r a n t e e s t h e $ 4 ,5 0 0 ,0 0 0
g e n . m tg e . b o n d s of th e S t. L . & S u b . I ty . S ee V . 8 3 , p . 39; V . 8 4 , p . 105.
T h e U n it e d R y s . C o. c o m p r is e s a ll t h e s tr e e t c a r lin e s In o p e r a tio n In S t .
L o u is . F r a n c h ise In S t . L o u is e x p ir e s A p r il 12 1 9 4 8 .
I t w a s o r ig in a lly
le a s e d t o t h e S t . L o u is T r a n s it C o ., b u t u n d e r a r e a d ju s t m e n t a r r a n g e d In
O c t. 1904 b y M e ssr s. B r o w n B r o s . & C o . (V . 7 9 , p . 1 3 3 3 ) t h e le a s e w a s c a n
c e le d a n d t h e $ 1 7 ,2 6 4 ,3 0 0 s to c k o f t h a t c o m p a n y n e a r ly a ll e x c h a n g e d for
v o t in g t r u s t e e s ' c e r t ific a te s fo r c o m m o n s to c k o f t h e U n it e d R y s . C o . o n t h e
b a s is o f $ 5 0 0 T r a n s it s to c k for $ 2 0 0 v o t in g t r u s t e e s ’ c e r t ific a te s .
U n d e r t h is p la n , t h e $ 2 0 ,0 0 0 ,0 0 0 r e fu n d , a n d I m p t. m t g e . b o n d s o f t h e
S t . L o u is T r a n s it C o ., o f w h ic h $ 8 ,0 0 0 ,0 0 0 h a d b e e n I s su e d , w e r e c a n c e le d ,
a n d in t h e ir p la c e th e s a m e c o m p a n y Issu ed $ 1 0 ,0 0 0 ,0 0 0 o f 5 % I m p r o v e m e n t
b o n d s , g u a r , b y t h e U n ite d R y s . C o . o f S t . L o u is , t h is g u a r a n t y b e in g s e
c u r e d b y a m o r tg a g e o n a ll o f t h a t c o m p a n y ’s p r o p e r ty n e x t In r a n k t o t h a t
o f Its g e n e r a l m tg e .
T h e s e I m p r o v e m e n t b o n d s a r e n o w t h e o n ly o u t s t a n d
in g s e c u r it y o f t h e T r a n s it C o . O f t ills I s su e , $ 8 ,0 0 0 ,0 0 0 t o o k t h e p la c e o f
t h e $ 8 ,0 0 0 ,0 0 0 r e f. a n d lm p r . b o n d s a b o v e m e n t io n e d , a n d t h e r e m a in in g
$ 2 ,0 0 0 ,0 0 0 w e n t t o t h e s y n d ic a t e a s p a r t c o n s id e r a t io n fo r $ 7 ,0 0 0 ,0 0 0 o f
e a s li w h ic h It p r o v id e d fo r t a k in g u p a t m a t u r it y o n N o v . 1 1 9 0 4 t h e $ 5 ,7 7 6 ,• 0 0 3 - y e a r c o lla t e r a l t r u s t n o t e s o f t h e T r a n s t C o ., a n d fo r m e e t in g t h e c o s t
• f s t r e e t p a v in g r e q u ir e d o n t h e p a r t o f t h e c i t y , a n d o t h e r I m p r o v e m e n t s .
T a x . — C o m p a n y Is c o n t e s t in g In t h e S t a t e c o u r ts t h e M ill T a x O r d in a n c e ,
w h ic h p r o v id e s t h a t t h e c o m p a n y p a y t o t h e c i t y 1 m ill p e r p a id p a s s e n g e r .
V . 88, p. 744.
V oting T r u s t. — A ll t h e c o m m o n s t o c k o f t h e U n it e d R a ilw a y s C o . Is d e
p o s ite d u n d e r a v o t in g t r u s t a g r e e m e n t t o run fo r fiv e y e a r s fro m N o v . 1
1 9 0 4 , u n le s s s o o n e r d is s o lv e d In a c c o r d a n c e w it h t h e t e r m s o f s u c h t r u s t
a g r e e m e n t . T h e p r e f. s to c k w a s lis t e d o n t h e N . Y . S t o c k E x c h a n g e o n
J u n e 1 1905.
T h e c a p ita liz a t io n n o w c o n s is t s o f th o f o llo w in g :
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
________ $ 2 4 ,9 1 3 ,8 0 0
____________
S t o c k c o m m o n $ 2 5 ,0 0 0 ,0 0 0 ,1 ____
v o t in g t r u s t c t f s ( $ 1 0 0 ) ____ J
S to c k
p r e fe r r e d
5 % c u m ,)
5 Q -J
1 6 ,9 8 3 ,2 0 0
O c t ’0 9 ,1
$ 2 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . _ _ . / ____
G en 1 s t M tg e $ 4 2 , 0 0 0 ,0 0 0 f 1 8 9 9
4 g J -J
3 0 ,7 6 9 ,0 0 0
J u ly 1 1 9 3 4
( $ 1 ,0 0 0 ) g o l d ____________ c * i l n t . a t S t . L o u ls - U n lo n T r u s t C o ., T r u s t e e ,
I o r a t N o r t h A m e r . C o ., N e w Y o r k .
C a n n o t b e c a ll e d .
f 1904
5 g A -O 1 0 ,0 0 0 ,0 0 0
O c t 1 19 2 4
I n t . a t M e r c a n tile T r . C o ., S t . L o u is , T r u s t e e ,
Im p rovem en t
b o n d s,
g o ld {
o r a t N o r t h A m e r ic a n C o ., N e w Y o r k .
( $ 1 ,0 0 0 ) , S t . L o u is T r a n s it G u a r ., p r ln . & l n t . , b y U n . R y s . C o ., s a id
C o -------------------------------------c *
g u a r, secu red b y g e n . seco n d m tg e . on
e n t ir e s y s t e m .
S to c ks a n d B o n d s . — O f t h e $ 2 0 ,0 0 0 ,0 0 0 a u t h o r iz e d p r e fe r r e d s t o c k , $ 3 ,• 0 0 ,0 0 0 Is h e ld In t h e t r e a s u r y fo r f u tu r e r e q u ir e m e n ts .
O f t h e $ 4 5 ,0 0 0 ,0 0 0
g e n . 1 s t m t g e . b o n d s o r ig in a lly a u t h o r iz e d , $ 3 ,0 0 0 ,0 0 0 , w h ic h h a d b e e n p r e
v i o u s ly r e s e r v e d fo r t h e p u r p o s e o f r e tir in g b o n d s o f t h e S t . L . & S u b . S y s
t e m , In c a s e o f p u r c h a s e , h a v e b e e n c a n c e le d , m a k in g t h e t o t a l a u t h o r iz e d
Issu e n o w $ 4 2 ,0 0 0 ,0 0 0 , o f w h ic h $ 1 1 ,2 3 1 ,0 0 0 a r c r e s e r v e d fo r t h e r e tir e m e n t
• f u n d e r ly in g lie n s .
T h e b o n d s a r c s e c u r e d b y a ll t h e s t o c k s o f t h e c o n
s t i t u e n t c o m p a n ie s , a n d b y d ir e c t m t g e . lie n u p o n t h e ir p r o p e r ty a n d fr a n
c h is e s .
I n 1903 th e g e n . m t g e . b o n d s w e r e l is t e d o n t h e N . Y . a n d P h i la
d e lp h ia s t o c k e x c h a n g e s (se e V . 7 6 , p . 9 8 0 ) a n d In A p r il 1 9 0 6 t h e S t . L o u is
T r a n s it C o . I m p r o v e m e n t b o n d s w e r e lis t e d o n t h e N . Y . S t o c k E x c h a n g e .
B O N D I S S U E S O E .C O N S T I T U E N T C O M P A N I E S .
IA ndell S y s te m —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
L ln d e ll R y 1st M $ 1 ,5 0 0 ,0 0 0 1 1891
5 g E -A
$ 1 ,5 0 0 ,0 0 0 A u g 1 1911
g o ld ($ 1 ,0 0 0 ) . . .............. c*<5crj I n t e r e s t p a y a b le In N e w Y o r k a n d S t . L o u is .
C o m p ’n II U D & M T 1 st M l
18 9 3 6 g J -J
1 ,0 0 0 ,0 0 0 J u ly 1 1 9 1 3
g o l d _________ _____________c * l I n t . a t S t . L o u ls - U n lo n T r u s t C o.; a lso I n N .Y .
T a y lo r A v e R R 1 st m o r t g a g e !
18 9 3 6 g J -J
5 0 0 ,0 0 0 J u ly 1 1 9 1 3
g o l d ................................................... J l n t . a t S t . L o u ls - U n lo n T r u s t C o ., S t . L o u is .
U nion D epot S y s te m —
U n io n D e p o t R R C on s M tg e l
1893 6 g J -D
3 ,5 0 0 ,0 0 0 J u n e 1 1 9 1 8
$ 3 ,5 0 0 ,0 0 0 g o l d ........................./ I n t e r e s t a t S t . L o u ls - U n lo n T r u s t C o .
S o u th e rn Electric S y s te m —
S o u th e r n R y c o n s o l m t g e l
18 9 0 6 M -N
5 0 0 ,0 0 0 M a y 1 1 9 1 5
$ 5 0 0 , 0 0 0 . ...................................... ( I n t e r e s t a t F i d e li t y T r u s t C o ., L o u is v ille .
189 6 5 g
2 0 0 ,0 0 0 A u g 1 1 0 1 6
S o u t h E le c R y m tg e $ 2 0 0 ,0 0 0 1
( $ 1 ,0 0 0 ) g o l d ---------------------c j l n t e r c s t a t S t . L o u ls - U n lo n T r u s t C o .
N a tio n a l S y s te m —
S t L o u is R R 1 s t M tg e c u r f 1800
5 M -N
1 ,0 4 8 ,0 0 0 M a y 1 1 9 1 0
( $ 1 , 0 0 0 ) ......................................... ( S u b j e c t t o c a ll M a y 1 1 9 0 0 .
(.I n te r e s t a t S t . L o u ls - U n lo n T r u s t C o .
r 1803
5 g J -J
2 5 0 ,0 0 0 J u ly 1 1 0 1 3
B a d e n & S t L o u is 1st m tg e l S u b je c t t o c a ll a f te r J u ly 1 1 8 9 3 .
g o ld _________________________ I N o r th e r n T r u s t C o ., C h ic a g o , T r u s t e e .
( I n t e r e s t a t S t . L o u ls -U n lo n T r u s t C o .
C a ss A v e . & P a ir G ro u n d s 1 s t)
1802 5 g J -J
1 ,8 1 3 ,0 0 0 J u ly 1 1 0 1 2
M $ 2 ,0 0 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) ( S u b j e c t to c a ll a t 1 0 2 o n a n y J u ly 1 a f t c r l 8 9 3 ,
s in k in g fu n d , g u a r p r ln & | N o r th e r n T r u s t C o ., C h ic a g o , T r u s t e e .
In t ( N a t R y ) ---------------- .c * j I n t e r e s t a t S t . L o u ls - U n lo n T r u s t C o .
S t. I.o u ls & S u b u rb a n S y s te m —
S t Louis C a b le & W e s te r n R y l
18 8 4 6 M -N
0 0 0 ,0 0 0 N o v 1 1 0 1 4
1 s t m o r tg a g e (cu rr e n c y ) . . J l n t . a t F a r m e r s ’ L . & T r . C o ., N . Y . C it y .
S t L o u is & S u b u r b a n 1st M t g e f 1801
5 g P -A
1 ,4 0 0 ,0 0 0 F e b 1 1 0 2 1
$ 2 ,0 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )
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1916
0 0 0 , g ( $ 1 ,0 0 0 ) .g u a r p & l b y ( I n t e r e s t a t M is s iss ip p i V a lle y T r u s t C o m S t L & S u b , e n d o r s e d — c*J
p a n y , S t . L o u is , T r u s t e e .
S t L & S u b g e n m tg e $ 7 ,5 0 0 ,-1 10 0 3
5 g A -O
4 ,5 0 0 ,0 0 0 A p ril 1 1 0 2 3 ,
0 0 0 g o ld ($ 1 ,0 0 0 ) g u a r . . c * / I n t . a t M iss. V a l. T r . C o S t . L o u is , T r u s t e e .
O f t h e S t . L o u is & S u b . R y . m o r t g a g e fo r $ 7 ,5 0 0 ,0 0 0 , $ 3 ,0 0 0 ,0 0 0 a r e r e
s e r v e d t o r e tir e p r io r lie n s .
V . 7 6 , p . 3 3 2 . T h e S t . L o u is 8c M e r a m e c R iv e r
In A p ril 1903 m a d e a n e w m o r t g a g e fo r $ 3 ,0 0 0 ,0 0 0 , o f w h ic h $ 2 ,0 0 0 ,0 0 0 w a s
d e p o s ite d w it h t h e t r u s t e e s a s a d d it io n a l s e c u r it y u n d e r t h e g e n e r a l m o r t
g a g e o f 1 9 0 3 , th e r e m a in in g $ 1 ,0 0 0 ,0 0 0 b e in g r e se r v e d t o t a k e u p t h e fir st 6s
of 1916.
D iv id e n d s . — F ir s t d l v ., o f 1 M % o n p r e f.. A p ril 10 1 9 0 0 , a n d t h e s a m e
a m o u n t q u a r t e r ly to O c t. 11 1 9 0 9 , I n c lu siv e .
R O A D .— O n J a n . 1 1 9 0 9 o w n e d t o t a l o f 4 5 5 .8 7 m ile s o f tr a c k (In c lu d in g
t h e S t . L o u is & S u b u r b a n ) , o f w h ic h 3 4 8 .4 1 m ile s a r c in t h e c i t y a n d 1 0 7 .4 6
In t h e c o u n t r y .
O f t h is t o t a l , 4 5 0 .4 4 m ile s Is o p e r a te d
E Q U I P M E N T .—-H a s 1 ,2 6 2 p a s s e n g e r c a r s , 9 s p e c ia l c a r s, 10 m a ll a n d 7
e x p r e s s c a r s , 8 s n o w p lo w s a n d 3 3 s n o w - s w e e p e r s , 2 e le c t r ic lo c o m o t iv e s a n d
162 s e r v ic e c a r s o f v a r io u s k in d s . T o t a l , 1 .4 9 3 .
R E P O R T .— F o r t h e c a le n d a r y e a r s ( S t. L o u is & S u b u r b a n R y . In c lu d e d
In 190 7 a n d 1 9 0 8 ) .
R e p o r t fo r 1 9 0 8 In V . 8 8 , p . 5 0 1 , 7 4 4 .
1908.
1907.
1906.
. 2 1 1 ,4 5 9 ,5 7 0 2 1 6 .7 7 9 ,6 3 8 1 8 3 ,2 3 7 ,8 8 6
9 7 ,1 0 5 ,5 1 1
. 9 9 ,1 2 9 ,7 0 8
8 1 ,1 8 3 ,3 2 4
.$ 1 0 ,4 1 0 ,7 1 7 $ 1 0 ,6 5 9 ,0 3 7
$ 9 ,1 1 9 ,0 2 0
6 ,5 0 3 ,7 0 0
. 6 ,2 0 9 ,6 0 3
5 ,1 1 1 ,7 3 0
Other Income.
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D iv id e n d s o n p r e fe r r e d s to c k U n it e d
D e p r e c ia t io n
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.
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2 6 ,7 2 8
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$ 3 ,9 0 7 ,3 0 5
$ 3 ,4 8 2 ,3 1 8
$ 2 0 7 ,8 0 9
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S u r p lu s __________________________
$ 3 5 7 ,6 7 2
O F F I C E R S .— P r e s , a n d G en . M g r ., R o b t . M c C u llo c h ; V .- P . a n d A s s t .
G e n . M g r ., R ic h a r d M cC u llo ch ; S e c . a n d T r e a s ., J a m e s A d k in s; A c t . A u d .,
H . P . T a y lo r .
D ir e c to r s : J . I . B o g g s , J . C a m p b e ll, M u rra y C a r lc to n , R o b t.
M c C u llo c h , I I . S . P r ie s t . D . R . F r a n c is J r ., R ic h a r d M c C u llo c h , C. I I .
I l u t t l g , A . D . B r o w n , F e s tu s J . W a d e a n d C h a s. W . W c t m o r e .— V . 8 4 ,
p . 5 2 , 1 0 4 , 6 8 9 , 7 5 0 , 1553: V . 8 5 , p . 4 2 ; V . 8 6 . p . 8 7 6 , 1 1 0 2 ; V . 8 7 , p . 2 2 7 ,
481; V . 8 8 . p . 2 9 1 , 6 0 1 , 5 0 7 , 7 4 4 , 1199, 1255.
S a m e I n t e r e s t s c o n t r o l U n it e d R y s . C o . o f S t . L o u is .
O R G A N I Z A T I O N .— I n c o r p o r a te d In J u l y 1 9 0 8 In M isso u r i a n d t o o k
o v e r p r o p e r ty o f S t . L o u is S t . C h a rle s & W e s te r n R R . , s o ld a t fo r e c lo su r e
s a le J u l y 2 4 1 9 0 5 , o n b e h a lf o f a s y n d i c a t e .
S t o c k , $ 1 ,0 0 0 ,0 0 0 . a ll o u t
s t a n d in g . A $ 1 ,0 0 0 ,0 0 0 m t g e . h a s b e e n m a d e t o M e r c a n tile T r u s t C o . o f S t .
L o u is , a s t r u s t e e , o f w h ic h $ 6 3 0 ,0 0 0 a r e o u t s t a n d in g a n d $ 7 0 ,0 0 0 a r e r e
s e r v e d fo r e x t e n d in g a n d r e p a ir in g s y s t e m . C o m p a n y o p e r a te s a b o u t 2 0
m ile s o f t r a c k b e t w e e n S t . L o u is a n d S t . C h a rle s. G a u g e 4 f t . 10 In . 6 0 a n d
7 0 - lb . T a n d g ir d e r r a il.
O th e r l in e s o p e r a tin g In S t . L o u is C o u n t y , I t Is
r e p o r te d , w ill b e t a k e n o v e r . P r e s ., R o b e r t M c C u llo c h .— V . 8 7 , p . 2 2 6 , 4 8 0 .
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O R G A N I Z A T I O N .— I n c o r p o r a te d o n D e c . 2 2 1 9 0 8 a s s u c c e s s o r t o t h e
S t . C h a rle s & S t . L o u is C o u n ty B r id g e C o ., w h o s e p r o p e r ty w a s b id in a t
fo r e c lo su r e s a le o n F e b . 2 9 1 9 0 8 , fo r t h e b o n d h o ld e r s , a t $ 3 0 0 ,0 0 0 .
V . 86.
p . 6 6 9 . T h e M isso u r i E le c tr ic p a y s t h e B r id g e C o . 5 c e n t s fo r e a c h p a s s e n g e r
c r o ss in g t h e b r id g e .
STO C K A N D B O N D S—
D a le.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 0 0 ,0 0 0 ($ 1 0 0 ) ___________ __________________
$ 2 0 0 ,0 0 0 ____________
1 s t m o r t g a g e $ 3 0 0 ,0 0 0 ($ 5 0 0 ) 1 1 9 0 9
5 g J -J
2 0 0 ,0 0 0 J a n . 1 1 9 2 9
g o l d ----------------------------------c * .J C o m m o n w e a lth T r u s t C o ., t r u s t e e .
B o n d s . — $ 1 0 0 ,0 0 0 b o n d s a r e r e s e r v e d fo r b e t te r m e n ts ; s u b j e c t t o c a ll a t
105 a fte r J a n . 1 1914.
P r o p e r ty .— B r id g e a c r o s s t h e M isso u r i R iv e r 2 ,7 0 0 f e e t l o n g , b e t w e e n S t .
C h a rle s a n d S t . L o u is , w a s o p e n e d A p ril 2 2 1 9 0 4 .
O F F I C E R S .— P r e s ., W . C . F o r d y c e ; V . - P ., W illi B r o w n ; S e c . & T r e a s .,
W . V . D e la h u n t.
V . 8 6 , p . 669; V . 8 7 , p . 227; V . 8 8 . p . 56.
SALT LAKE CITY, UTAH.
UTAH LIGHT & RAILWAY CO.
In N o v . 1 9 0 6 c o n t r o l w a s a c q u ir e d b y O r e g o n S h o r t L in e R R .. w h ic h
o w n e d o n J u n c 3 0 1 9 0 8 $ 1 , 8 4 9 ,4 5 0 c o m m o n s t o c k , $ 3 ,8 3 6 ,3 0 0 o f p r e f. s t o c k ,
$ 9 9 3 ,0 0 0 o f t h e 1 s t c o n . m t g e . b o n d s a n d $ 4 1 ,0 0 0 o f c o l. t r . 6% n o t e s .
V . 83 , p. 1172.
O R G A N I Z A T I O N .— I n c o r p o r a te d In U t a h o n J a n . 2 1 9 0 4 a n d Is a c o n
s o lid a t io n o f t h e U t a h L ig h t & P o w e r C o . a n d t h e C o n s o lid a te d R y . &
P o w e r C o . C o n tr o ls a ll o i m e e le c t r lc - llg n t ln g o f S a lt L a k e C it y a n d O g d e n
a n d p r a c tic a lly a ll o f t h e s tr e e t r a ilw a y b t s ln e s s o f S a lt L a k e C it y .
V. 78,
p. 104, 34 4 , 70 4 .
In A u g . 1 9 0 5 w a s g r a n t e d a n e w b la n k e t f r a n c h is e
c o v e r in g s t r e e t r a ilw a y s , g a s a n d e le c t r ic lig h t s r u n n in g t o J u l y 1 1 9 5 5 .
See V. 81. ». 660.
In O c t . 1 9 0 5 h o ld e r s o f U t a h L ig h t & P o w e r 4 % b o n d s w e r e o ffe r e d t h e
p r iv ile g e o f e x c h a n g e fo r 5 % c o n s o ls o f U t a h L ig h t & R y .
W e are n o t
I n fo rm e d a s to n u m b e r e x c h a n g e d .
P r iv ile g e h a s b e e n w i t h d r a w * .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ( $ 2 5 ) . . . ...................................
$ 2 ,0 6 2 ,5 0 0
4 ,0 0 0 ,0 0 0 I n 1 9 0 5 , 1 %
P r e f, 8 % n -c , $ 4 ,0 0 0 ,0 0 0 ($ 2 5 ) ____
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. ________________
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1 ,4 8 5 ,0 0 0 J a n 2 1 9 3 4
is: c o n s o l M .,$ 1 0 ,0 0 0 ,0 0 0 , g o ld l 19 0 4
( $ 1 , 0 0 0 ) .............................. r .c * ] B o w l l n g G reen T r u s t C o ., N . Y . , T r u s t e e .
C oll tr Im p n o t e s , $ 3 0 0 , 0 0 0 . . l 19 0 5
6 J -J
2 8 0 ,0 0 0 J a n 1 ' 1 0 - 1 3
( T h e E le c . & G en . I n v .C o . , L t d . , L o n d o n , T r .
5 g J -J
7 4 9 .0 0 0 J a n
11930
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$ 7 5 0 ,0 0 0 , g V 1 ,0 0 0 ) ----- II j■ I nL a t _ r u s t C o . o f A m . , N . Y . ,. T r u s t e e .
t.
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U t a h L t & P o w e r c o n M .l
1 9 0 0 4 g J -J
1 ,1 1 5 ,0 0 0 J a n
1 1930
$ 4 ,5 0 0 ,0 0 0 , g o l d ............- . c * j l n t . a t T r u s t C o . o f A m ., N . Y . , T r u s t e e .
S a lt L a k e C ity 1 st M . s f, g o ld l
1893 6 g J - J
7 2 8 ,0 0 0 J a n
1 1913
( $ 1 ,0 0 0 ) , $ 1 , 5 0 0 ,0 0 0 ____ c * j l n t . a t G u a r a n ty T r u s t C o ., T r u s t e e .
S a lt L a k e R a p id T r a n s it 1 s t l
1 8 9 0 6 F -A
7 7 ,0 0 0 F e b
1 1910
M , $ 5 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ____ / I n t . a t A m e r ic a n T r . C o ., B o s t o n , T r u s t e e .
C o n s R y & P 1 st M, $ 3 ,0 0 0 ,-1
1901 5 g J -J
1 ,4 7 2 ,0 0 0 J u ly
1 192 1
0 0 0 , g o ld ( $ 1 ,0 0 0 ) -------c & r / I n t c r e s t a t T r u s t C o. o f A m . , N . Y . , T r u s t e e ,
B o n d s .— O f t h e n e w $ 1 0 ,0 0 0 ,0 0 0 c o n s o l, m t g e ., $ 6 ,3 5 0 ,0 0 0 a r e r e se r v e d
t o r e tir e p r io r lie n s . T h e y are s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a f t e r
J u ly 2 1 0 1 3 a t p a r . O f t h e $ 3 ,0 0 0 ,0 0 0 C o n so lid a te d R y . & P o w e r C o .
b o n d s, s u f fic ie n t a re r e se r v e d t o r e tir e t h e u n d e r ly in g b o n d s . T h e s e u n d e r
l y in g b o n d s a re b e in g r e tir ed a s f a s t a s t h e n e w b o n d s a r e s o ld . T h e n e w
b o n d s a r e n o t s u b j e c t t o c a ll. T h e U t a h L ig h t & P o w e r 5 s o f 1 9 0 0 a r e
s u b j e c t t o c a ll o n J u ly 1 1 9 0 5 o r th e r e a f t e r a t p a r a n d I n t e r e s t . O f t h e
U t a h L ig h t & P o w e r c o n s o ls , $ 7 5 0 ,0 0 0 a r e r e s e r v e d fo r p rio r lie n s .
D e
n o m in a tio n $ 5 0 0 . T h e s e b o n d s a r e s u b j e c t t o c a ll a t p a r a n d I n t e r e s t
a f t e r J u ly 1 1 9 0 9 .
U n d e r t h e t e r m s o f c o n s o lid a t io n w it h C o n s o lid a te d
R y . & P o w e r n o f u r th e r b o n d s c a n b e is s u e d u n d e r t h is m o r t g a g e b e y o n d
$ 3 ,3 5 0 ,0 0 0 .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 2 ,0 5 3 ,5 1 1 ; n e t ,
a f t e r t a x e s . $ 9 3 7 ,7 4 1 ; fix e d c h a r g e s , $ 5 4 3 ,0 7 2 ; s u r p lu s , $ 3 9 4 ,6 6 9 .
R O A D .— T h e c o n s o lid a t e d c o m p a n y o w n s a n d o p e r a te s 101 m ile s o f t r a c k ,
in c lu d in g d o u b le t r a c k , s id in g s , & c ., c o n n e c t in g S a lt L a k e C it y , F o r e s t D a le
an d M urray.
E x t e n s io n s a r c p la n n e d .
H a s 148 p a s s e n g e r c a r s.
O F F I C E R S .— P r e s ., W . H . B a n c r o ft; 1 s t V . - P ., P . L . W illia m s ; 2 d V . - P . ,
W . S . M c C o m lc k ; T r e a s ., G . S . G a n n e tt; S e c ., F . H . K n ic k e r b o c k e r ;
G e n . M g r ., J o s . S . W e lls; A s s t . G e n . M g r ., R . E . H u n t; A u d ., W ill B r o w n e .
— V . 8 1 , p . 6 6 9 , 9 0 0 , 1 1 7 6 , 1 6 6 7 ; V . 8 3 , p . 1 1 7 2 ; V . 8 5 , p . 6 5 5 ; V .8 6 , p . 1 5 3 5 .
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S A L T L A K E & U T A H V A L L E Y R R .— A n e le c t r ic a n d s t e a m r o a d .
T o o k o v e r t h e W e s t S id e R a p id T r a n s it C o ., s o ld a t fo r e c lo s u r e .
O w n s 12
m ile s o f t r a c k , b u t o n ly 4 m ile s o p e r a te d — b y e le c t r ic it y : s t e a m p o r t io n n o t
o p e r a te d .
H a d $ 5 0 ,0 0 0 s to c k o u t a n d n o b o n d s , b u t r o a d w a s s o ld a t
s h e r iff's s a le S e p t . 13 1 9 0 9 t o W . S . M cC o rn lck & C o. G e n . M g r ., A . D .
S m it h , S a l t L a k e C it y .— V . 7 9 , p . 1 0 2 4 .
SAN ANTONIO. TEX.
SOUTHERN LIGHT & TRACTION CO.
C o n tr o lle d b y t h e A m e r ic a n L ig h t & T r a c t io n C o .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y S e p t . 6 1 8 9 9 t o ‘‘h o ld
s t o c k s , b o n d s a n d o t h e r s e c u r i t ie s ,” a n d Is la r g e ly I n te r e s te d In t h e e le c t r ic
r a ilr o a d a n d t h e e le c t r ic a m i g a s l ig h t in g c o m p a n ie s In S a n A n to n io . C a p i
ta l s t o c k (fo r m e r ly $ 2 ,5 0 0 ,0 0 0 ) Is a ll o w n e d b y A m e r ic a n L ig h t & T r a c tio n
C o.
A m o u n t w a s r e d u c e d t o $ 2 ,5 0 0 o n J u n e 2 1 9 0 4
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,5 0 0 ( 1 0 c . ) ...................
...................................
$ 2 ,5 0 0 .........................
Col
t r u s t , $ 2 ,5 0 0 ,0 0 0 , g o ld l 1 8 9 9
5gM S
1 ,9 6 8 ,0 0 0 S eD t 1 1 9 4 9
($ 1 ,0 0 0 ) ; n o s . f ________ c ’ / I n t . a t E m e r so n M cM Illln & C o ., N . Y .
San
A n to n io T r a c . $ 9 8 4 ,0 0 0 1 19 0 8
5 M -S
$ 9 8 4 ,0 0 0 S e p t 1 1949
1 st m o r t g a g e , g o l d _____ r . j
N e w Y o r k T r u s t C o ., t r u s t e e .
A n to n io G a s & E l e c ./ 1 9 0 8
5 M -S
9 8 4 ,0 0 0 S e p t 1 1949
San
$ 9 8 4 ,0 0 0 1 st M ., g o l d _ \
_
N e w Y o r k T r u s t C o ., t r u s t e e .
B o n d s . — T h e c o l. t r u s t b o n d s a r e s e c u r e d b y d e p o s it w it h t h e N e w Y o r k
T r u s t C o . o f N e w Y o r k , a s t r u s t e e , o f a ll t h e c o m p a n y ’s h o ld in g s o f b o n d s o f
Its c o n s t i t u e n t c o m p a n ie s , a n d a r e r e d e e m a b le a t 1 0 5 u p o n s ix m o n t h s ’
n o tic e ; $ 5 3 ,2 0 0 h a v e b e e n r e tir e d . B o t h t h e S a n A n . T r a c . b o n d s a n d t h e
S a n A n . G a s & E le c , b o n d s w e r e Issu e d to r e tir e u n d e r ly in g b o n d s . V . 8 8 ,
p . 687.
R O A D — O w n s a n d o p e r a te s 4 0 m ile s o f tr a c k In C ity o f S a n A n t o n i o .
R E P O R T .— F ig u r e s n o w in c lu d e d In t h e A m e r ic a n L ig h t & T r a c t io n Co.
O F F I C E R S — p r e s .. E m e r so n M cM Illln: V . - P . , P h ilip L e h m a n ; S e c .. A .
P . L a th r o r r T r e a s . . A H O s t r o m . 4 0 W a ll S t . . N e w Y o r k .— V . 8 2 , p . 5 6 9 .
SAN BERNARDINO, CAL.
THE SAN BERNARDINO VALLEY TRACTION.—A trolley road.
I n M a y 1 9 0 7 c o n tr o l o f t h is ro a d p a s s e d I n t o t h e h a n d s o f I n te r e s ts r e p r e
s e n te d b y H . E . H u n t in g t o n . V . 8 4 , p . 1 2 4 9 .
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n o n J u n e 8 1 9 0 3 o f t h e R e d la n d s
S t r e e t R y . , t h e S a n B e r n a r d in o & H ig h la n d E le c tr ic R y . a n d t h e S a n B e r
n a r d in o V a lle y T r a c tio n C o . A ls o c o n t r o ls t h e n e w ly o r g a n iz e d S a n B e r
n a r d in o I n te r u r b a n R y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ........................................... ..
$ 1 ,0 8 1 ,5 0 0 .........................
N e w m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 ,1 1 9 0 3
5 g M -S
9 > 2,000 S e p t 1 1 9 3 3
g o ld , s f ( $ 1 ,0 0 0 ) -------c * & r / I n t e r e s t a t L o s A n g e le s T r u s t C o ., T r u s t e e .
B o n d s .— A fe w o ld b o n d s s till r e m a in o u t s t a n d in g , b u t t h e s e are b e in g
t a k e n u p . T h e n e w b o n d s a r e s u b j e c t t o c a ll a f te r 5 y e a r s a t 1 0 5 .
R O A D .— O w n s 4 2 m ile s o f t r a c k In a n d b e t w e e n R e d la n d s , S a n B e r
n a r d in o , C o lto n a n d H ig h la n d , a n d I n c lu d in g a n e x te n s io n o f O H m ile s t o
A r r o w h e a d H o t S p r in g s . 4 0 t o 6 0 - lb . T r a il.
S ta n d a rd g a u g e .
E A R N I N G S .— F o r y e a r t o D e c . 31 1 0 0 8 , g r o s s , $ 1 0 6 ,8 0 1 ; n e t , $ 5 6 ,4 1 2 ;
In 1 0 0 7 , g r o s s , $ 1 4 8 ,0 0 3 : n e t , $ 4 6 ,5 7 3 .
O F F I C E R S .— P r e s id e n t , H . E . H u n t in g t o n , S e c . a n d T r e a s ., E . T . C ook;
G en er a l o f ll c e s , P a c ific E le c tr ic B l d g ., L o s A n g e le s .— V . 7 6 , p . 1 3 0 2 , 1 4 00;
V . 77, p. 51 2 , 1226; V . 8 1 , p . 778; V . 8 4 , p . 1 114, 1240; V . 8 6 , p . 705.
(1)
San Bernardino Intcrurban R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia o n N o v . 2 0 1 0 0 6 t o b u ild
ln te r u r b a n lin e s fro m S a n B e r n a r d in o , w h e r e c o n n e c tio n w ill b e m a d e w it h
t h e S a n B e r n a r d in o V a lle y T r a c tio n to R ia lt o , O n ta r io , R iv e r s id e , R e d la n d s ,
A c.
A ll r ig h ts o f th e tr a c t io n c o m p a n y fo r a lin e t o R iv e r s id e (w h e r e c o n
n e c tio n w ill b e m a d e w it h t h e P a c ific E le c tr ic R y . ) w e r e a c q u ir e d D e c e m b e r
1 0 0 6 a n d c o n s tr u c t io n h a s n o w ( 1 0 0 0 )lb e g u n . A ll t h e s t o c k , w it h t h e e x c e p
t io n o f a fe w s h a r e s , Is o w n e d b y t h e S a n B e r n a r d in o V a lle y T r a c t io n .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) -------------------------------------$ 5 9 8 ,0 0 0 ____________
1st
m o rtg a g e,
$ 1 ,0 0 0 ,0 0 0 1 1 0 0 7
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M ch 1 10 4 7
( $ 1 ,0 0 0 ) , g o l d _____________ J l n t . a t L o s A n g e le s T r u s t C o ., T r u s t e e .
B o n d s . — A s in k in g fu n d o f $ 5 0 0 s t a r t s 5 y e a r s fr o m d a t e o f b o n d s , w it h
a n In c r ea se o f $ 5 0 0 e a c h s u c c e e d in g 5 y e a r s .— V . 8 4 , p . 1 1 1 4 .
SAN DIEGO, 0AL.
SAN DIEGO ELECTRIC RY.—A trolley road.
O R G A N I Z A T I O N , E T C .— B e g a n o p e r a tio n in 1 8 0 1 , a n d In M a rch 1 8 0 8
p u r c h a s e d C it iz e n s ’ T r a c t io n C o . a t fo r e c lo su r e s a le .
In 1 0 0 5 s o ld Its
e le c t r lc - llg h t b u s in e s s t o a n e w c o m p a n y — t h e U n it e d L ig h t , F u e l & P o w e r
C o. V . 8 1 . d . 5 5 0 .
In 1 0 0 8 a c q u ir e d c o n t r o l o f t h e C o r o n a d o R R „ w ith
w h ic h it h a s b e e n m e r g e d .
I n 1 0 0 9 a c q u ir e d t h e S o u t h P a r k & E a s t S id e
R y.
R o a d Is o w n e d b y J . D . S p r e c k le s B r o s . & C o . o f S a n F r a n c is c o .
O w n s 4 0 .0 0 m ile s o f t r a c k . S t a n d a r d g a u g e , 6 0 - lb . T r a il.
H a s I n s ta lle d
o n e 1 ,0 0 0 k . w . P a r s o n s tu r b o -g e n e r a t o r a n d t w o 5 0 0 k . w . g e n e r a to r s .
S t o c k w a s in c r e a s e d N o v . 1 0 0 7 fr o m $ 5 0 0 ,0 0 0 t o $ 5 ,0 0 0 ,0 0 0 (n o n e o u t ); no
b o n d s.
P r e s ., J . D . S p r c c k c ls ; V .- P . a n d M a n . D ir ., W m . C la y to n ; S e c .
a n d T r e a s ., H a r r y L . T itu s ; G en . S u p t . , B . M . W a rn er; G e n . A u d ., A . H .
K a y s e r .— V . 8 3 , p . 3 8 0 ; V . 8 5 . p . 1 1 4 4 .
SANFORD, ME.
ATLANTIC SHORE LINE RY.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e .
I s a c o n s o lid a t io n In A p ril
19 0 6 o f t h e o ld A t la n tic S h o r e L in e R y . a n d t h e P o r t s m o u t h D o v e r & Y o r k
S t r e e t R y . T h e fo r m e r c o m p a n y In A p r il 19 0 4 p u r c h a s e d t h e S a n fo r d &
C ap e P o r p o is e R y . , t h e M o u sa in R iv e r R R . a n d t h e S a n fo r d P o w e r C o .
L e a s e s t h e A lfr e d L ig h t & P o w e r C o . fo r 3 0 y e a r s fr o m 1 9 0 5 ; s t o c k o f t h a t
c o m p a n y . $ 1 0 0 ,0 0 0 .
D o e s a f r e ig h t b u s in e s s .
STO C K A N D B O N D S —
D a te. In te re st.
M a tu r ity .
O u tsta n d in g .
C o m m o n , $ 2 ,0 0 0 ,0 0 0 _____
_ _
$ 2 ,0 0 0 ,0 0 0 .........................
1 st p r e f 4 % c u m , $ 7 0 0 ,0 0 0 ___ ______
7 0 0 .0 0 0 .........................
N o n -c u m p r e f 4 %, $ 3 0 0 , 0 0 0 . .
"
3 0 0 .0 0 0 .........................
R e f m t g e , $ 3 ,0 0 0 ,0 0 0 , g o ld )
1 0 0 6 4*g A -O
..............„ „ „ „ „ r il 1 19 2 6
1 ,1 0 1 ,5 0 0 A p ..............
($ 5 0 0 a n d $ 1 , 0 0 0 ) -------------c / l n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . T r u s te e
l « t c o n m t m . S I . 0 0 0 .0 0 0 , g l 1 0 0 4
5 g A -O
3 6 1 ,5 0 0 A p r il 1 1034
($ .)0 0 , $ 1 , 0 0 0 ) -----------------c ’ / I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . T r u s te e
1 s t m o r t g a g e 5 % --------------------------------------------- -------1 2 0 ,0 0 0
.........................
A l f L t & P 1 st m t g e . $ 2 5 0 ,0 0 0 1
1 9 0 5 5 g J -J
2 5 0 ,0 0 0 J u l y 1 1 9 3 5
($ 5 0 0 a n d $ 1 , 0 0 0 ) -------------/ i n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t e e
P D & Y 1 s t m tg e , $ 6 5 0 ,0 0 0 ,1
1903 4 M J - D
4 5 0 ,0 0 0
10 2 3
g o ld ( $ 1 ,0 0 0 ) ---------------------/ S t a t e S t r e e t T r u s t C o ., B o s t o n , T r u s t e e .
P D & Y 2d M a n d e x t , $ 1 0 0 ,-1
1905 5 g J -D
5 7 ,0 0 0 A p ril 1 1025
0 0 0 -------------------------------------- / I n t e r e s t a t A u g u s t a , M e ., T r u s t C o ., T r u s t e e .
P K & Y S t R y 1 s t M, $ 2 0 0 ,-1
1 8 0 7 6 g M -S
2 0 0 ,0 0 0
1917
0 0 0 , g o ld ( $ 5 0 0 a n d $ 1 ,0 0 0 ) J I n t . a t W a t c r v . T r . C o ., W a t e r v llle . M e ., T r .
S a n f & C a p e P o r p 's e 1 s t m t g e . ____
5 J-.T
2 4 6 ,0 0 0
J u ly 192 8
M o u s a m R iv e r 1 s t m t g e ...........................
6 J -D
5 9 ,0 0 0
D e c . 191 2
B o n d s . — O f t h e $ 3 ,0 0 0 ,0 0 0 r e f. b o n d s , 8 1 ,5 0 0 ,0 0 0 a re r e s e r v e d fo r p t or
lie n s . A r e n o t s u b j e c t t o c a ll .
T h e c o n s o ls o f 1 9 0 4 are s u b j e c t t o c a ll,
all or a n y p a r t, a f te r 10 y e a r s a t 1 0 5 , t o b e d r a w n b y lo t .
S e e V . 7 8 , p .2 3 8 3 .
T h e A lfre d L ig h t & P o w e r b o n d s a re s u b j e c t t o c a ll a f te r 1 9 1 5 a t 1 0 5 .
The
P o r t s m o u t h D o v e r & Y o rk b o n d s o f 19 0 3 c a n be c a lle d a f te r 19 13 a t 105 a n d
I n te r e s t. T h e 2 n d 5 s c a n b e c a lle d a t p a r o n a n y I n te r e s t d a te .
The 6s of
1807 c a n be c a lle d a t 1 0 5 .
R O A D .— O p e r a te s 37 m ile s o f t r a c k , c o n n e c t in g S p r t n g v a le , S a n fo r d .
W e s t K e n n e b u n k , K e n n c b u n k , K e n n e b u n k p o r t a n d C a p e P o r p o is e w ith
B ld d e fo r d a n d S a c o ; t h e n c e o v e r c o n n e c t in g lin e s t o O ld O rc h a r d a n d P o r t
la n d . S e e V . 8 1 , p . 1 5 4 9 . A ls o 4 2 m ile s o f tr a c k c o n n e c t in g P o r t s m o u t h
a n d K lt te r y w it h D o v e r a n d S o u t h B e r w ic k , I n c lu d in g a lin e t o Y o r k B e a c h .
A lin k fro m Y ork B e a c h t o K e n n e b u n k , 18 m ile s , c o n n e c t i n g t h e tw o
lin e s , w a s p u t In o p e r a tio n J u l y 21 1 9 0 7 , t h u s c o m p le t in g a c h a in o f e le c t r ic
r o a d s from B o s t o n t o P o r t la n d .
T o t a l a b o u t 97 m ile s .
O w n s tw o w a te r
p o w e r p la n t s w ith g e n e r a tin g c a p a c it y o f 3 ,4 0 0 h . p .; a ls o h a s s e v e r a l t i d e
w a t e r te r m in a ls a n d a p a r k .
H a s 8 3 c a r s; 6 0 , 7 0 a n d 8 0 - lb . r a il.
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 0 0 9 ( c o m b in e d p r o p e r tie s ),
g r o s s , $ 3 5 4 ,2 5 0 ; n e t , $ 1 0 6 ,4 5 4 ; llx e d c h a r g e s a n d t a x e s , $ 1 3 4 ,4 5 0 ; d c llc it,
$ 2 8 ,0 0 5 .
O F F I C E R S .— P r e * ., G . B . G o o d a ll; V . - P . , A . S . B o s w o r th ; T r e a s ., L . B .
G o o d a ll; .S e c., F . J . A lle n ; G e n . M g r ., E d w a r d B . K irk ; A u d ., J . W . L e a v i t t .
— V . 8 1 , p . 1 5 4 9 , 1 7 9 0 ; V . 8 2 , p . 6 2 6 ; V . 8 4 , p . 56 9 ; V . 8 5 , p . 3 4 4 ,
SAN FRANCISCO, CAL.
PACIFIC OAS & ELECTRIC CO.— See
A h o ld in g c o m p a n y .
M ap.
page
104.
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia o n O c t . 11 1 0 0 5 a n d
h a s a c q u ir e d 9 7 .8 0 % o f t h e e n t ir e c a p ita l s t o c k o f t h e S a n F r a n c isc o G a s &
E le c tr ic C o. O w n s in f e e t h e C a lifo r n ia G a s & E le c tr ic C o r p ., t h e C a lif
C e n tr a l G as & E le c . C o ., t h e F r e sn o G a s & E le c . L t . C o . a n d t h e V a lle j o G as
C o.
A lso o w n s In fe e t h e f o llo w in g c o m p a n ie s , w h ic h w e r e fo r m e r ly o w n e d
b y C a lifo r n ia G a s & E le c tr ic C o r p o r a tio n :
B a y C o u n tie s P o w e r C o .
|S a n M a te o P o w e r C o.
B e r k e le y E le c tr ic L ig h t in g C o .
|S o u t h Y u b a W a t e r C o .
B lu e L a k e s W a te r C o.
I S ta n d a r d E le c tr ic C o . o f C a lifo r n ia .
C e n tr a l C a lifo r n ia E le c tr ic C o .
I S to c k to n W a t e r C o .
O a k la n d G a s L ig h t & H e a t C o .
U n it e d G a s & E le c tr ic C o .
S a c r a m e n t o E le c tr ic , G a s & R y . C o . I V a lle y C o u n tie s P o w e r Co
F o r a ssessm e n t o n s to c k , see V . 8 5 , p . 163, 7 2 5 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 2 0 ,0 0 0 ,0 0 0 ________ ______
________
$ 1 8 ,7 2 4 ,0 0 ___
.
_
P r e f , 6% c u m $ 1 0 .0 0 0 ,0 0 0 ......... .......................................
1 0 ,0 0 0 ,0 0 0 A p r ’0 6 , $ l ^
C oll t r u s t m tg e $ 1 0 .3 5 0 ,0 0 0 1 19 0 6
5 g J -J
9 , 1 6 6 ,0 0 0 J a n 2 19 3 6
g o ld ( $ 1 , 0 0 0 ) - . ............. _ c * r ( I n t e r e s t a t U n io n T r u s t C o ., S a n F r a n c is c o ,
_
I T r u s t e e , o r a t Its a g e n c y In N e w Y o r k .
G en d e b e n t u r e s ( $ 4 ,5 0 0 , 0 0 0 ) . / 1 0 0 5
6 g J -D 1 5
1 000
......................
N e w d e b e n t u r e s ( $ 4 ,0 0 0 ,0 0 0 )1 1 9 0 7
0 B J - D 15 3 , 0 9 0 .0 0 0 D e c l 5 1 9 3 7
_ , _,
. _
( T r u s t C o . o f A m e r ic a , N . Y ., T r u s t e e .
C al G a s & E le c C orp g e n M & \ 1 0 0 3
5 g M -S
5 ,5 0 8 ,0 0 0 M ch 1 19 3 3
9?!'1
5 1 0 ,0 0 0 ,0 0 0 g o ld /I n t e r e s t a t M e r c a n tile T r u s t C o ., S a n F r a n n 5 1 -OOO) s p k ln g f u n d — c* j c is c o . T r u s t e e .
C a lif G as & E le c C orp u n l f y ’g i 1 9 0 7
5 g M -N
1 3 ,0 4 6 ,0 0 0 N o v 1 1 9 3 7
nnn nnr>u n i PS
* 1 5 ,' f U n Io n T r u s t C o ., S a n F r a n c is c o , t r u s t e e .
0 0 0 ,0 0 0 , g o l d -------— c& rj
I n t . p a y a b le In N e w Y o r k o r S a n F r a n c isc o
Ba/ » « n lln iel?
M L 1900
5 g M -S
1 ,8 0 3 ,0 0 0 S e p t 1 1 9 3 0
$ 2 ,2 5 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) - - 1 I n t e r e s t a t M e r c a n tile T r u s t C o ., S a n F r a n „
„
. ,
J c is c o , t r u s t e e , o r N . W . H a ls e y & C o ..N .Y .
B Y , F o ° n S n ^ i H ° ^ i r nn^ ,2 d M T10 0 1
6 K A -O
$ 7 5 0 ,0 0 0 A p r il 1 1031
$ 7 5 0 ,0 0 0 1 g o ld ($1 0 0 0 ) - . - _ J ln t. a t U n io n T r . C o ., S a n F r a n c isc o , T r u s .
N e v a d a C o u n ty E le c 1 st M ...............
6 A -O
1 7 1 ,0 0 0 O c t
1 1928
Y u b a E le c P o w e r 1 st m t g e .
-----6 J -D
1 8 6 .0 0 0 J u n o 1 1 0 2 9
C al C e n tr a l G as & E le c C o 1 10 0 1
5 g F -A
1 ,0 0 0 ,0 0 0 A u g 1 1 9 3 1
fir st m o r tg a g e $ 1 . 0 0 0 ,0 0 0 / I n t e r e s t a t M e r c a n tile T r u s t C o ., S a n F r a n g o ld ( $ 1 ,0 0 0 ) s in k in g f u n d . J c is c o . T r u s t e e .
O a k la n d G a s L i g h t * H e a t C o l 18 9 1
5 M -S 16
1 ,0 0 0 ,0 0 0 M ch 1 6 1 0 1 6
fir st m o r t g a g e $ 1 , 0 0 0 ,0 0 0 . J l n t . a t c o m p a n y ’s o f fic e , S a n F r a n c is c o .
S a c r a m e n t o E le c G a s & R y 1 1 8 0 7
5 g M -N
2 ,1 9 0 ,0 0 0 N o v 1 1 9 2 7
fir st m o r tg a g e $ 2 , 5 0 0 ,0 0 0 / I n t . a t M e r c a n tile T r u s t C o ., S a n F r a n c is c o ,
g o ld ( $ 1 ,0 0 0 ) ............................c j
a n d G u a r a n ty T r u s t C o ., N e w Y o r k .
C e n tr a l E le c R y first m t g e f 1 8 9 2
6 g J -D
2 6 5 .0 0 0 J u n e 1 19 1 2
$ 4 0 0 ,0 0 0 ( $ 1 ,0 0 9 & $ 500)1
( $ 2 5 ,0 0 0 d u e y e a r ly )
to Ju n o 1 1022
g o l d -------------------------------c * | I n t . a t M e r c a n tile T r u s t C o ., S a n F r a n c isc o ,
J o r U n io n T r u s t C o ., N e w Y o r k .
ST O C K A N D B O N D S .
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t a n d a r d E le c Co 1 s t M $ 5 .-1 1 8 0 9
5 g M -S
$ 2 ,9 1 0 ,0 0 0 S e p t 1 1 9 3 9
0 0 0 ,0 0 0 g u p r ln & I n t b y / I n t . a t M e r c a n tile T r u s t C o ., N e w Y o r k , tr u sC a l G a s & E le c C o r p o r a tio n /
t e e , a n d C r o c k e r N a t . B k ., S a n F r a n c is c o .
B lu e L a k e s W a te r 1 s t m tg e 1 1 8 0 3
6 M -S 15
7 2 5 ,0 0 0 M ch 15 193 8
$ 5 ,0 0 0 ,0 0 0 --------------------- ( I n t . p a id In N . Y . , S a n F r a n , a n d L o n d o n .
S t o c k t o n W a te r C o 1 s t m t g l 18 0 1
6 g A -O
2 6 2 ,0 0 0 A p r il 1 1011
„
$ 5 0 0 ,0 0 0 g o l d ......................./ I n t . a t I llin o is T r . & S a v . B k ., C h ic ., T r u s t e e
U n it e d G a s & E le c Co 1 s t M l 1 0 0 2
5 g J -J
1 ,9 2 1 ,0 0 0 J u l y 1 19 3 2
__ 5 2 ,0 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) s f .c * / M e r c a n t il e T r u s t C o ., S a n F r a n ., T r u s t e e .
V a lle y C o u n tie s P o w e r C o l 1 9 0 2
5 g M -N
2 ,5 0 0 ,0 0 0 M a y 1 1 9 3 0
first m o r t g a g e $ 2 ,5 0 0 ,0 0 0 / I n t e r e s t a t M e r c a n tile T r u s t C o ., S a n F r a n .,
g o ld ( $ 1 ,0 0 0 ) s in k in g f u n d - / T r u s t e e , o r a t U . S . M tg e . & T r . C o .. N . Y
S o u . Y u b a W a t e r C o . 1 s t M .,1 1 8 9 0
6 g A -O
2 2 3 ,0 0 0 A p ril
1910
5 5 5 0 ,0 0 0 , g ( $ 1 ,0 0 0 ) -------- / i n t . a t V a n N o r d e n T r . C o ., N . Y . , t r u s t e e .
S o . Y u b a W a t e r C o . c o n s . M ., \ 1 8 9 3
6 g J -J
1 , 2 7 7 ,0 0 0 J u l y 1 1 9 2 3
$ 1 ,5 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) . . J l n t . a t F a r m e r s ’ L . & T r . C o ., N . Y . , t r u s t e e .
C cPJLC al E1 C o m t g e , 5 5 ,0 0 0 ,-1 1 9 0 2
5 g M -N
4 0 ,0 0 0 M a y 1 1933
0 0 0 , g o ld ( $ 1 ,0 0 0 ) _________ / i n t . a t V a n N o r d e n T r . C o ., N . Y . , t r u s t e e .
B O N D S .— P a c ific G a s & E l e c tr ic C o . c o lla t e r a l t r u s t m o r t g a g e b o n a s a r e
SnCU£e d b - d e p o s it o f a ll t h e s t o c k o f t h e S a n F r a n c is c o G a s & E l e c tr ic a n d
v
a ll t h e p h y s ic a l p r o p e r tie s o f C a lifo r n ia G a s & E le c tr ic C o r p o r a tio n a c q u ir e d
p y t h is c o m p a n y . S u b je c t to c a ll a t 1 0 5 & a c c r u e d I n t.
S in k , f u n d o f
$ 2 5 0 ,0 0 0 a n n u a ll y . $ 9 0 6 ,4 0 5 h a v e b e e n c a n c e le d b y s in k in g f u n d .
— T h e 1 9 0 5 d e b e n t u r e s a r e c a lla b le a t 1 0 5 & I n t. $ 1 ,0 0 0
o f t h e 1 9 0 7 d e b e n t u r e s a r e r e s e r v e d t o r e tir e d e b e n t u r e s o f 1 0 0 5 .
T h e 1907
d e b e n t u r e s a r e s u b j e c t t o c a ll a t 1 0 0 & I n t. S in k , fu n d o f $ 1 2 5 ,0 0 0 y e a r ly
1 9 1 8 t 0 1 9 2 7 , I n c lu s iv e , a n d $ 2 5 0 ,0 0 0 y e a r ly fr o m M a r ch 1
1 9 2 8 t o 1 0 3 7 I n c lu s iv e .
I n t . o n fo r m e r Issu e a t T r u s t C o . o f A m e r ., N . Y . ,
o r c o m p a n y ’s o f fic e , S a n F r a n c is c o .; o n t h e l a t t e r a t N . W . H a ls e y & C o .,
i r o n " o r p t p f f i c e o f c o m p a n y o r Its a g e n c y , S a n F r a n c is c o . V . 8 8 , p . 1 6 2 1 ;
V. 8 9, p. 104.
p ? * * E lectric C o rporation U n ify in g a n d R e fu n d in g M ortgage
? / 19.0 7 . P re a. d e n u p o n a ll t h e p r o p e r ty a n d fr a n c h is e s o f t h e
i
“ ,rS*e c tr c C o r p o r a tio n n o w o w n e d o r h e r e a ft e r a c a u lr e d .
! l 5 8 G TJ?e ^-,a r e ? lso a d e n ( th r o u g h a s u p p le m e n t a r y m t g e . e x e
c u t e d b y t h e P a c ific G a s & E le c tr ic C o .) ,p r i o r t o t h e b o n d Issu es o f t h e
P a c ific G a s oo E le c tr ic C o ., u p o n a ll t h e p r o p e r tie s o f t h a t c o m p a n y e x c e p t
t h e s t o c k o f t h e S a n F r a n c isc o G a s & E le c tr ic C o ., b u t In c lu d e s t h e p r o p e r
t ie s o f t h e C a lifo r n ia C e n tr a l G a s & E le c tr ic C o ., F r e s n o G a s & E le c tr ic
L ig h t in g C o . a n d t h e V a lle j o G as C o ., s u b j e c t , h o w e v e r , t o u n d e r ly in g
m o r t g a g e s o f t h e C a lif. C e n t. G a s & E le c . T h e b o n d s m a y b e Is su e d u n d e r
fo u r h e a d s — " A , ” “ B , ” ” C ” a n d “ D . ” S e r ie s ” A ” a m o u n t s t o $ 3 0 ,2 8 2 ,0 0 0
a n d w ill g o t o r e tir e o u t s t a n d in g p r io r lie n s ; $ 7 ,4 1 8 ,0 0 0 u n d e r ly in g b o n d s
r e tir e d t o d a t e a n d d e p o s ite d u n d e r t h is m o r t g a g e . S e r ie s " B ” a m o u n t s
t o $ 3 ,0 5 5 ,0 0 0 a n d w e r e Issu ed a t 9 0 t o r e fu n d e x is t in g o b l i g a t i o n s . S e r ie s
" C ” a n d " D ” a g g r e g a te $ 1 1 ,6 6 3 ,0 0 0 , $ 2 ,5 7 3 ,0 0 0 o f w h ic h a r e o u t; r e m a in d e r
m a y b e s o ld a t n o t le s s t h a n 9 0 t o p r o v id e fo r 8 5 % o f a c t u a l c o s t o f f u tu r e
e x t e n s io n s a n d n e w p r o p e r ty a c q u ir e d .
V . 8 6, p. 080.
T h e b on d s are
s u b j e c t t o c a ll a t 1 1 0 a n d I n t e r e s t u p o n a n y I n te r e s t d a t e a f te r N o v . 1
1 9 1 2 u p o n 6 0 d a y s ’ n o t ic e . V . 8 8 , p . 1 1 9 9 . T h e I s su a n c e o f a d d it io n a l u n
d e r ly in g b o n d s Is p r o h ib it e d b y te r m s o f m t g e .
A n ag reem en t w as e x e c u te d
J a n . 21 1 9 0 8 p r o v id in g t h a t a ll C a l. G a s & E le c . g e n . m t g e . a n d c o lla t e r a l
t r u s t b o n d h o ld e r s d e p o s it in g b o n d s w it h M e r c a n tile T r u s t C o . f o S a n F r a n
c is c o b e fo r e M a y 1 1 9 0 8 (a fte r w a r d s e x t e n d e d t o F e b r u a r y 1 1 9 0 9 )
s h a ll b e e n t it le d t o r e c e iv e n e g o t ia b le r e c e ip t s c a llin g fo r d e liv e r y t o t h e m
o n o r b e fo r e J u ly 1 1 0 0 9 o f a n e q u a l a m o u n t o f u n if y in g a n d r e fu n d in g
b o n d s , a n d In a d d it io n a n a m o u n t o f c o m m o n s t o c k o f t h e P a c ific G a s &
E l e c tr ic e q u a l to 2 5 % o f b o n d s s o d e p o s i t e d . V . 8 6 , p . 9 8 0 . $ 4 ,4 9 2 ,0 0 0
g e n e r a l m t g e . a n d c o ll, t r u s t b o n d s h a v e b e e n s o d e p o s it e d .
T h e m tg e . p ro
v i d e s t h a t a s in k in g fu n d b e c r e a t e d a n d m a in t a in e d a s fo llo w s : 1 9 1 2 t o 1 0 1 6
i n c lu s iv e , $ 4 5 0 ,0 0 0 p e r a n n u m ; 1 9 1 7 t o 19 2 1 I n c lu s iv e , $ 5 5 0 ,0 0 0 p e r a n n u m
1 9 2 2 t o 1 9 2 6 I n c lu s iv e , $ 7 0 0 ,0 0 0 p e r a n n u m ; 1 9 2 7 t o 1 9 3 6 I n c lu s iv e ,
$ 9 0 0 ,0 0 0 p e r a n n u m . T h is s in k in g fu n d w ill b e a p p lie d a s fa r a s n e c e s s a r y
to w a r d m a k in g t h e s in k in g fu n d p a y m e n t s r e q u ir e d b y u n d e r ly in g m o r t
g a g e s , a n d t h e b a la n c e t o t h e p u r c h a s e fo r t h e s in k in g fu n d o f t h e b o n d s
Issu e d u n d e r t h e n e w m o r t g a g e .
C a lifo rn ia Gas A E lectric C o rporation $ 1 0 ,0 0 0 ,0 0 0 G eneral M o rtg a g e a n d
C ollateral T r u s t B o n d s a r e s u b j e c t t o c a ll o n a n y I n te r e s t d a t e a t 1 1 0 a n d
I n te r e s t o n fo u r w e e k s ’ n o t ic e .
$ 4 ,4 9 2 ,0 0 0 h a v e b e e n d e p o s ite d u n d e r t h e
u n i f y in g & r e f. m t g e .
S in k in g fu n d fo r 5 y e a r s , b e g in n in g M a r ch 1
1 9 0 4 , $ 1 5 0 ,0 0 0 p e r a n n u m ; fr o m 1 9 0 9 t o 1 9 1 3 , $ 2 0 0 ,0 0 0 p e r a n n u m : 1 9 1 4
t o 1 9 1 8 , $ 2 5 0 ,0 0 0 p e r a n n u m ; 1 9 1 9 t o 1 9 2 3 , $ 3 0 0 ,0 0 0 p e r a n n u m ; 1 0 2 4 t o
1 9 2 8 , $ 3 5 0 ,0 0 0 p e r a n n u m ; 1 9 2 9 t o 1 9 3 3 , $ 4 0 0 ,0 0 0 p e r a n n u m . T h e s a id
s in k in g fu n d w ill p r o v id e fo r t h e s in k in g fu n d s o f t h e B a y C o u n tie s P o w e r
C o ., C a lif. C e n tr a l G a s & E le c . C o ., S a c . E le c . G a s & R y . C o . a n d V a lle y
C o u n tie s P o w e r C o ., a n d Is t o b e u s e d I n itia lly In r e d e e m in g t h e b o n d s o f
the co n stitu en t companies-, t h e r e m a in d e r fo r t h e n e w $ 1 0 ,0 0 0 ,0 0 0 I s su e .
T h e b o n d s r e d e e m e d s h a ll b e k e p t a l iv e a n d b e a r I n t. e x c e p t w h e r e t h e m t g e s .
o f t h e c o n s t i t u e n t c o m p a n ie s p r o v id e fo r t h e ir c a n c e lla tio n ; In th e e v e n t o f
t h e p u r c h a s e o f a n y o f t h e g e n . m t g e . a n d c o ll, t r u s t $ 1 0 ,0 0 0 ,0 0 0 b o n d s ,t h e s e
a ls o a r e t o b e k e p t a liv e ; b u t s h o u ld a n y o f t h e la t t e r b e c a lle d fo r p a y m e n t
a t 1 1 0 , t h e b o n d s s o c a lle d a r e t o b e c a n c e le d . $ 1 ,1 4 2 ,0 0 0 o f t h e $ 5 ,5 0 8 ,0 0 0
o u t s t a n d in g g e n . m t g e . a n d c o ll, t r u s t b o n d s , a n d I n c lu d in g $ 5 1 2 ,0 0 0 b o n d s
o f s u b s id ia r y c o m p a n ie s , a r e n o w h e ld In s in k in g fu n d . I n a d d it io n , $ 9 1 ,
0 0 0 s u b s id ia r y c o m p a n ie s ’ b o n d s h a v e b e e n c a n c e le d b y t h is s in k in g f u n d .
T h e g e n . m tg e . a n d c o ll, t r u s t b o n d s a r e s e c u r e d b y d e p o s it (n o w s e c u r e d b y
p h y s ic a l p r o p e r tie s o f t h e s e c o m p a n ie s w h ic h h a v e b e e n d e e d e d t o t h e c o r
p o r a tio n ) o f p r a c tic a lly a ll t h e c a p ita l s t o c k s o f t h e s u b s id ia r y c o m p a n ie s ,
n a m e ly , a ll o f t h e 3 6 ,0 0 0 s h a r e s o f B a y C o u n tie s P o w . C o .; a ll o f t h e 1 5 ,0 0 0
s h a r e s C a lif. C e n t. G a s & E le c . C o .; a ll o f t h e 3 0 ,0 0 0 s h a r e s o f O a k la n d G a s
L t . & H t . C o .; 1 8 ,5 4 3 o u t o f 1 8 ,5 8 4 s h a r e s o f S a c r a m e n t o E l. G a s & R y . C o .;
a ll o f t h e 4 ,8 9 8 s h a r e s o f F r e s n o G a s & E l. L t . C o .; a ll o f t h e 5 0 ,0 0 0 s h a r e s o f
t h e S t a n d a r d E l. C o .; a ll o f t h e 2 2 ,2 8 6 s h a r e s o f t h e U n it e d G a s & E le c . C o .,
a n d 1 ,0 0 0 s h a r e s o f s to c k o f t h e V a lle jo G a s C o .; a ls o b y 9 9 .7 6 % o f S o u .
Y u b a W a te r C o . s t o c k .
I n a d d it io n , t h e B a y C o u n tie s P o w e r C o . o w n s t h e
e n t ir e $ 2 ,5 0 0 ,0 0 0 s t o c k o f t h e V a lle y C o u n tie s P o w e r C o ., a n d t h e U n it e d
G as & E le c tr ic C o . o w n s t h e e n t ir e $ 1 ,0 0 0 ,0 0 0 s t o c k o f t h e S a n M a te o P o w e r
C o.
B a y C o u n ties Pow er Co. $ 2 ,2 5 0 ,0 0 0 F ir s t M ortgage B o n d s . — $ 3 5 7 ,0 0 0 a r e
r e se r v e d t o r e tir e $ 1 8 6 ,0 0 0 Y u b a E le c tr ic P o w e r b o n d s a n d $ 1 7 1 ,0 0 0
N e v a d a E le c tr ic P o w e r b o n d s . A s in k in g fu n d o n t h e first 5s o f 1% o f
o u t s t a n d in g b o n d s p e r a n n u m c o m m e n c e d In 1 9 0 5 a n d r u n s u n t il J u n e 1
1 9 1 0 , o n w h ic h d a t e a n d fo r fo u r y e a r s t h e r e a f t e r 1 H % o f b o n d s o u t : o n
J u n e 1 1 9 1 5 a n d fo r fo u r y e a r s t h e r e a f t e r , 2% o f b o n d s o u t ; o n J u n e 1
1 9 2 0 a n d fo r fo u r y e a r s t h e r e a f t e r , 2 J 4 % o f b o n d s o u t ; o n J u n e 1 1 0 2 6
a n d t h e r e a f t e r , 3 % o f b o n d s o u t s t a n d in g . .S ep t. 1 9 0 9 , $ 1 1 9 ,0 0 0 o f t h e o u t
s t a n d in g b o n d s In t a b le w e r e h e ld In s a id s in k in g f u n d . T h e s e c o n d 6 s a r e
s u b j e c t t o c a ll a t a n y t im e a t 1 0 5 . $ 5 0 ,0 0 0 o f o u t s t a n d in g b o n d s a r e h e ld
In a s in k in g fu n d .
C a lifo rn ia C entral Gas A E lectric C o. F ir s t M ortgage B o n d s . — A s in k in g
fu n d o f 2% o f b o n d s o u t s t a n d in g c o m m e n c e d o n A u g . 1 1 0 0 2 , b u t b o n d s
a r e n o t s u b j e c t t o c a ll.
$ 1 8 6 ,0 0 0 o f o u t s t a n d in g b o n d s a r e In s in k in g f u n d .
S a cra m en to E lectric Gas A R a ilw a y C o. B o n d s . — O f t h e $ 2 ,5 0 0 ,0 0 0 a u t h o r
iz e d , $ 2 6 5 ,0 0 0 a r e r e se r v e d fo r t h e C e n tr a l E le c tr ic R y . fir sts; $ 5 ,0 0 0 w e r e
r e tir e d In A u g . 1 9 0 2 , $ 5 ,0 0 0 In A u g . 1 9 0 3 , $ 5 ,0 0 0 In A u g . 1 9 0 4 , $ 5 ,0 0 0 in
N o v . 1 9 0 5 , $ 5 ,0 0 0 In N o v . 1 9 0 6 a n d $ 2 0 ,0 0 0 In A u g . 1 9 0 9 .
B y th e ter m s o f
a s u p p le m e n t a l "rntge., t h e r ig h t to c a ll a ll o r a n y o f t h e b o n d s a t 103 h a s
b e e n r e s c in d e d ; b u t t h is d o c s n o t a f f e c t t h e r ig h t t o r e tir e b o n d s a s fo llo w s ;
F r o m 1 9 0 2 t o 1 9 0 6 I n c h , $ 5 ,0 0 0 p e r a n n u m ; 1 9 0 7 to 1911 i n c l., $ 1 0 ,0 0 0 p e r
a n n u m ; 1 9 1 2 to 1 9 1 6 I n c l., $ 2 0 ,0 0 0 p e r a n n u m ; 1 9 1 7 to 1921 I n c l., $ 3 0 ,0 0 0
p e r a n n u m ; 1 9 2 2 t o 1 9 2 6 I n c l., $ 4 0 ,0 0 0 p e r a n n u m . T o t a l , $ 5 2 5 ,0 0 0 .
S ta n d a rd E lectric C o. o f C a lifo rn ia F ir s t M ortgage B o n d s . — T h e y are
g u a r a n t e e d b y C a lifo r n ia G a s & E le c tr ic C o r p o r a tio n b y e n d o r s e m e n t .
T h e a m o u n t g iv e n In t a b le a s o u t s t a n d in g I n c lu d e s $ 4 7 ,0 0 0 h e ld In s in k in g
fu n d o f C a lifo r n ia G a s & E le c . C o r p o r a tio n , b u t d o e s n o t I n c lu d e $ 2 ,0 9 0 ,0 0 0
d e p o s ite d u n d e r u n if y in g a n d r e fu n d in g m o r t g a g e o f C a lifo r n ia G a s &
E le c tr ic C o r p o r a tio n .
O f B lu e L a k e s W a t e r first m o r t g a g e b o n d s r e p o r te d
o u t s t a n d in g , $ 1 1 ,0 0 0 a re In s in k in g f u n d . T h e S t o c k t o n W a t e r C o . b o n d s
a r e s u b j e c t t o c a ll a t 1 0 5 a n d I n t.; $ 3 6 ,0 0 0 w e r e c a lle d fo r r e d e m p t io n A p ril 1
1 0 0 6 , $ 1 7 ,0 0 0 A p ril 1 1 9 0 7 , $ 1 9 ,0 0 0 A p ril 1 1 9 0 8 , $ 8 ,0 0 0 O c t . 1 1 9 0 8 a n d
$ 8 ,0 0 0 A p ril 1 1 9 0 9 . V . 8 1 , p . 1 8 5 4 .
U n ited G as A E lectric C o. B o n d s .— I n t e r e s t Is p a y a b le a t C r o c k e r -W o o lw o r t h N a t io n a l B a n k , S a n F r a n c is c o , o r M e r c a n tile T r u s t C o ., N e w Y o r k .
A s in k in g fu n d c o m m e n c e s J u l y 1 1 9 0 7 o f 2% o f b o n d s o u t s t a n d in g fo r t h e
fir st 5 y e a r s; 3% t h e n e x t 5 y e a r s; 4 % t h e n e x t fiv e y e a r s ; 5% t h e n e x t 6
y e a r s , a n d 6% p e r a n n u m t h e r e a f t e r .
$ 7 9 ,0 0 0 h a v e b e e n c a n c e le d b y
s in k in g f u n d . $ 4 7 ,0 0 0 b o n d s o f a llie d c o m p a n ie s a r e h e ld a l iv e In s in k in g
fu n d .
B o n d s a r e n o t s u b j e c t t o c a ll.
V a lley C o u n ties Pow er C o. B o n d s a r e n o t s u b j e c t t o c a ll. A r e g u a r a n t e e d ,
r ln c lp a l a n d I n t e r e s t , b y B a y C o u n tie s P o w e r C o . L is te d o n S a n F r a n c is c o
t o c k E x c h a n g e In J u n e 1 9 0 5 .
V . 80, p. 2625.
C o m m e n c in g N o v . 1 1 9 0 5
a n d o n N o v . 1 fo r e a c h s u c c e e d in g fo u r y e a r s . 1% o f a g g r e g a te a m o u n t o f
b o n d s Issu e d a n d o u t s t a n d in g Is p a y a b le t o sin k in g fu n d , c o m m e n c in g N o v . 1
—
§
S A N F R A N C IS C O O A K L A N D & S A N J O S E C O N S O L I D A T E D RY. —
A t r o lle y a n d fe r r y lin e , p o p u la r ly k n o w n a s t h e “ K e y R o u t e . ”
O R G A N I Z A T I O N .— in c o r p o r a t e d In C a lifo r n ia M ar. 6 1908 a s a c o n s o li
d a t io n o f t h e S a n F r a n c is c o O a k la n d A' S a n J o s e R a ilw a y (In c o r p o r a te d
J u n e 13 1 9 0 2 ) a n d t h e S a n F r a n c is c o A B a y C o u n tie s R y . , w h ic h l a t t e r
ro a d w a s In c o r p o r a te d In 1 9 0 8 t o b u ild a n e le c t r ic r a ilw a y fr o m S a n I r a n e ls c o t o S a n J o s e .
Is c o n t r o lle d b y t h e R e a l t y S y n d ic a t e , w h ic h a ls o
c o n t r o ls t h e O a k la n d T r a c t io n C o m p a n y .
STO C K A N D B O N D S —
D a te. In te re st.
O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 2 ,7 5 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
$ 2 ,7 5 0 ,0 0 0 ..........................
P r e fe r r e d , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 )
5 ,0 0 0 .0 0 0 - - - - - - - - -
G e n e r a l c o n s o lid a t e d m o r t - f 1 9 0 8
5 g M -N 19
4 5 0 ,0 0 0 M a y 19 1 9 3 8
g a g e . $ 7 ,5 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ,i U n io n T r u s t C o ., S a n F r a n c is c o . T r u s t e e .
g o ld _____________________ c * | I n t e r e s t a t o f fic e o f c o ., O a k la n d , o r W e lla i F a r g o - N e v a d a N a t . B a n k , S a n F r a n c is c o ,
f 19 0 3
5 g J -J
3 ,0 0 0 .0 0 0 J a n 2 1 0 3 3
S a n F r a n O A S J R y 1 s t I n t . a t W e lls - F a r g o - N e v a d a N a t . B a n k In
m o r t g a g e , $ 3 ,0 0 0 ,0 0 0 ($ 1 ,-1
S a n F r a n c isc o a n d W . F . A C o . B a n k In
0 0 0 ) . s f , g o l d _________ c * l
N. Y.
U n io n T r u s t C o ., S a n F r a n c is c o ,
1 0 1 0 a n d fo r s u c c e e d in g fo u r y e a r s . 1 ) 4 % : c o m m e n c in g w it h N o v . 1 1 9 1 5
a n d fo r s u c c e e d in g fo u r y e a r s , 2 % : c o m m e n c in g w it h N o v . 1 1 9 2 0 a n d fo r
s u c c e e d in g fo u r y e a r s , 2 ) 4 % : c o m m e n c in g w i t h N o v . 1 1 9 2 5 a n d fo r s u c
c e e d in g fo u r y e a r s , 3 % .
5 2 9 ,0 0 0 o f o u t s t a n d in g b o n d s n o w h e ld In s in k in g
fu n d , a ls o $ 8 1 ,0 0 0 b o n d s o f a llie d c o m p a n ie s .
S o u th Y u b a W ater C os. — B o t h Issu es a r c c a lla b le a t 1 1 0 a n d I n te r e s t.
$ 2 2 3 ,0 0 0 o f c o n s o l, m t g e . a r e r e s e r v e d t o r e tir e t h e fir s ts .
C entral C a lifo r n ia E lectric C o .— $ 8 1 0 ,0 0 0 a r e d e p o s ite d u n d e r u n if y in g
a n d r e fu n d in g m o r t g a g e . C a lla b le a t 1 1 0 a n d In te r e s t.
S in k in g F u n d s . — T o t a l c a s h a n d b o n d s In a ll s in k in g f u n d s o f P a c ific G as
& E le c tr ic C o . a n d s u b s id ia r y c o m p a n ie s S e p t . 15 1 9 0 9 , $ 3 ,1 3 4 ,0 0 0 .
D iv id e n d s . — F ir s t o n p r e fe r r e d ($1 )4) w a s p a id A p ril 15 1 9 0 6 : n o n e s in c e
t o A u g . 2 1 9 0 9 , w h e n $ 5 ,0 0 0 ,0 0 0 c o m m o n s t o c k w a s Issu e d In s e t t le m e n t o f
c u m u la t i v e d iv id e n d s a m o u n t in g to 2 0 % . S t o c k h o ld e r s w e r e o ffe r e d In
lie u o f a c c u m u la t e d d l v s . o n e a c h 2 s h a r e s o f p r e f. 1 s h a r e o f c o m . V .8 9 ,p .l 0 4 .
E A R N I N G S .— O f C a lifo r n ia G a s & E le c tr ic C o . fo r c a le n d a r y e a r s:
1908.
1907.
1906.
G ro ss (I n te r - c o m p a n y e a r n in g s e lim in
a t e d ) ................................................................... . . $ 7 , 7 4 6 , 7 5 0
$ 6 ,9 2 3 ,6 6 4 $ 5 ,4 7 6 ,5 4 7
N e t I n c o m e ......................................................- . . $ 3 , 8 3 4 , 0 8 2
$ 3 ,3 4 5 ,9 8 7 $ 3 ,0 1 4 ,0 5 7
___
I n t e r e s t (In c lu d in g I n t. o n u n if y in g a n d
r e fu n d in g b o n d s ) ______________________ 1 ,8 3 1 ,9 4 6
1 ,7 3 1 ,1 4 7
1 ,5 9 2 ,7 9 7
S u r p lu s .................................................................$ 2 ,0 0 2 ,1 3 6
2 4 6 ,0 6 3
S in k in g f u n d s __________________________
$ 1 ,6 1 4 ,8 4 0
2 0 3 ,8 5 8
$ 1 ,4 2 1 ,2 6 0
1 8 2 ,1 7 0
B a l a n c e .............................................................$ 1 ,7 5 6 , 0 7 3
$ 1 ,4 1 0 ,9 8 2
$ 1 ,2 3 9 ,0 9 0
E a r n in g s of P a c ific G as & E lectric C o. — F o r y e a r e n d in g D e c . 31 1 9 0 8 ,
g r o s s r e v e n u e , $ 1 2 ,8 5 3 ,8 1 7 : n e t a b o v e fix e d c h a r g e s , & c ., $ 1 ,8 1 2 ,3 3 0 .
In
1 9 0 7 , g r o s s . $ 1 1 ,4 2 6 ,9 9 2 ; n e t a b o v e fix e d c h a r g e s , A c ., $ 1 ,4 1 3 ,7 8 1 .
P R O P E R T Y . — D o e s t h e lig h t in g a n d p o w e r b u s in e s s In C e n tr a l C a li
fo r n ia o u t s id e c it y o f S a n F r a n c is c o (th e c o n t r o lle d S a n F r a n c is c o G a s A
E l e c tr ic C o . s u p p lie s e n tir e c it y o f S a n F r a n c isc o w i t h g a s a n d e le c t r i c it y ) .
O p e r a tio n s e x t e n d In to 24 c o u n t ie s c o m p r is in g a n a r e a o f 3 1 ,4 8 9 s q u a r e
m ile s c o n t a in in g 1 ,3 5 0 ,0 0 0 p e o p le , o r o v e r 60 % o f p o p u la t io n o f C a lifo r n ia .
T h e s y s t e m I n c lu d e s ( e x c lu s iv e o f S a n F r a n c is c o G a s A E le c tr ic C o .) .
D e v e lo p e d w a t e r p o w e r a n d e le c t r ic povrer m a c h in e r y I n s ta lle d , 1 5 4 ,0 0 0
h o r s e p o w e r . T o t a l a d d it io n a l p o w e r a v a ila b le , 1 5 0 ,0 0 0 h o r se p o w e r .
P o w e r t r a n s m is s io n , m a in p o le lin e s c o n s t r u c t e d , 1 ,4 0 8 m ile s; p o w e r a n d
l ig h t in g d is tr ib u t io n , p o le lin e s c o n s tr u c t e d , 7 5 0 m ile s; o u t p u t o f g a s ,
1 9 0 8 , 5 ,1 0 0 ,0 0 0 ,0 0 0 c u b ic f e e t: g a s m a in s I n s ta lle d , 1 ,4 0 0 m ile s; m e te r s
1 3 2 ,0 0 0 ; lig h t a n d p o w e r c o n s u m e r s , 1 1 5 ,0 0 0 ; en tire street ra ilw a y system o f
S a cra m en to , 2 8 .9 3 m iles of tra ck . T e r r ito r y s u p p lie d — C o u n tie s : A la m e d a ,
A m a d o r , B u t t e , C a la v e r a s, C o lu s a , C o n tr a C o s t a , F r e s n o , M a rin , N a p a , N e
v a d a , P la c e r , S a c r a m e n t o , S a n F r a n c is c o , S a n J o a q u in , S a n M a te o , S a n t a
C la r a , S a n t a C r u z , S ie r r a , S o la n o , S o n o m a , S u t t e r , T u o lu m n e , Y o lo a n d
Y u b a : c it ie s a n d to w n s : A la m e d a , A lta , A lv a r a d o , A m a d o r C it y , A n tlo c k ,
B e lv e d e r e , B e n ic ia , B e r k e le y , B ig g s , B ig O a k F l a t , B la c k D ia m o n d , B r o w n s
V a lle y , B r e n t w o o d , B u r iln g a m e , B y r o n , C e n t e r v ille , C h ic o , C o lu s a , C o lfa x ,
C o n c o r d , C o r te M a d e r a , C r o c k e t t, D a v is , D i x o n , D o b b in s , D u r h a m , D u tc h
F la t , E lm h u r s t, E m e r y v ille , F a ir fie ld , F o ls o m , F r e s n o , G ra ss V a lle y ,
G r ld le y , G r o v e la n d , H a m m o n , H a y w a r d , I r v in g t o n , J a c k s o n , L in c o ln ,
L iv e r m o r e , L o o m is , M a r tin e z , M a r y s v ille , M a y fie ld , M ill V a lle y , M e n lo
P a r k , M is s io n S a n J o s e , M o k e lu m n e H ill, M o u n ta in V ie w , N a p a , N e v a d a
C it y , N e w c a s t le , N e w a r k , N ile s , O a k la n d , P a lo A lt o , P e n r y n , P e t a lu m a ,
P in o le , P o r t C o s ta , P le a s a n t o n , R e d w o o d C it y , R o c k lin , R o d e o , R ic h m o n d ,
S a c r a m e n t o , S a n A n s e lm o , S a n A n d r e a s , S a n R a f a e l, S a n t a R o s a , S a n
Q u e n tin , S a n L e a n d r o , S a n M a te o , S a n J o s e , S a n t a C la r a , S a n F r a n c is c o ,
S a u s a llt o , S e b a s t o p o l, S o n o m a , S o u t h S a n F r a n c is c o , S t o c k t o n , S u ls u n ,
S u n n y v a le , S u t t e r C r e e k . T lb u r o n , T o w le , T r a c y , V a c a v ille , V a lle j o ,
W a ln u t C r e e k . W a r m S p r in g s , W a s h in g t o n , W h e a t la n d , W in te r s , W o o d
la n d , Y o lo , Y u b a C it y . T h e S o u t h Y u b a W a t e r C o . o w n s a b o u t 5 0 0 m ile s
o f c a n a l, 22 la k e s , v a r io u s d is t r ib u t in g r e s e r v o ir s , A c .
O F F I C E R S .— P r e s ., F . G . D r u m ; V . - P ., J o h n A . B r itt o n ; T r e a s . a n d
C o m p ., A . F . H o c k e n b e a m e r ; S e c ., D . H . F o o t e .— V . 8 5 , p . 1 6 3 , 4 0 8 , 7 2 o ,
9 2 3 , 1004; V . 8 6 , p . 3 3 8 ; V . 8 7 , p . 55 0 ; V . 8 8 , p . 1 1 9 7 , 1 0 2 1 ; V . 8 9 , p . 4 2 , 1 0 4 .
(1)
S a n Francisco G a s & Electric Co.
O R G A N I Z A T I O N .—-I n c o r p o r a te d o n D e c . 11 1 8 9 6 . T h e P a c ific G a s A
E le c tr ic C o. o w n s 9 7 .8 0 % o f tin; $ 1 5 ,8 4 3 ,4 3 3 s t o c k .
S e e s t a t e m e n t o f th a t
com pany above
S u p p lie s t h e e n t ir e c i t y o f S a n F r a n c ls e o w ith g a s and
e le c t r i c it y .
In D e c . 1 9 0 8 J u d g e V a n F le e t In t h e M . S . C ir c u it C o u rt
g r a n t e d a n I n ju n c tio n t o r e m a in In fo r c e d u r in g p e n d e n c y o f s u it b r o u g h t
b y c o m p a n y , r e s t r a in in g c i t y a u t h o r it ie s fr o m e n f o r c in g t h e 8 5 - c e n t g a s
r a te a n d p e r m it t in g c o m p a n y to c h a r g e n o t e x c e e d in g $1 p e r M c u . f t .
V. 88, p. 159.
,
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 5 ,8 4 3 ,4 3 3
S ee tex t - - - - - - - - -
E d is o n L & P 1 st M , g o ld ! 18 9 1
6 g Q -F 3
$ 6 2 3 ,0 0 0 N o v 3 1921
( $ 1 ,0 0 0 e a c h ) ........................... / I n t e r e s t a t o f f ic e , S a n F r a n c is c o .
P a c G as I m p t m t g e , g o ld l 1 9 0 0
4 g Q -M
1 ,(> 0 2 ,0 0 0 S e p t 1 1 9 ..0
( $ 1 ,0 0 0 e a c h ) , s f __________/ I n t e r e s t a t U n io n T r u s t C o ., S a n I r a n c ls c o .
S F G & E l g e n m t g e , $ 1 0 ,-1 1 0 0 3
4 >4 g M -N 7 ,5 1 3 ,0 0 0 N o v 1 1 9 3 3
0 0 0 ,0 0 0 , g ($ 1 ,0 0 0 e a c h )
l i n t , a t U n io n T r u s t C o ., S a n F r a n ., T r u ste e.
B o n d s .— O f t h e g e n e r a l 4 ) 4 s , N o s . 1 t o 4 , 0 0 0 , I n c lu s iv e , a r e s u b j e c t t o c a ll
$ 1 0 0 ,0 0 0 y e a r ly N o v . 1 a t 1 0 5 , b y l o t , b e g in n in g N o v . 1 1 9 0 6 . $ 3 0 0 ,0 0 0
h a v e b e e n c a n c e le d , $ 7 0 ,0 0 0 a r e h e ld a liv e In s in k in g fu n d o f a llie d c o m
p a n ie s , b u t a r e In c lu d e d In t a b le a b o v e .
$ 1 ,7 0 8 ,0 0 0 a r e r e se r v e d t o r e tir e
p r io r lie n s .
$ 5 5 8 ,0 0 0 a r e in tr e a s u r y .
V . 7 6 , p . 9 3 , 1877; V . 7 8 , p . 233
O F F I C E R S .— P r e s ., J o h n A . B r itt o n ; V . - P ., F . G . D r u m ; S e c ., C h a s.
L . B a r r e tt: T r e a s . a n d C o m p ., A . F . H o c k e n b e a m e r .— V . 8 2 , p . 104; V . 8 o,
p . 92 3 ; V . 8 7 , p . 545; V . 8 8 , p . 15 9 ; V . 8 9 , p . 6 6 8 .
CALIFORNIA STREET CABLE.
.
,
,
O R G A N I Z A T I O N .— C h a r te r e d F e b . 8 1 8 7 7 . A n n u a l m e e t in g t h e s e c o n d
W e d n e s d a y In J u l y .
. , , ..
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k (p a r $ 1 0 0 ) ............................................
M o n t h ly . $ 1 ,0 0 0 ,0 0 0
S ee te x t.
F ir s t m o r t g a g e , g o ld , $ 1 , 0 0 0 , - 1 1 8 9 0
5 g J-.J
9 0 0 .0 0 0 J a n 1 1915
ooo
. fC a ilf. S a fe D e n . A T r O n ., S a n F r a n .. T r u s .
D iv id e n d s w e r e 50 c e n t s m o n t h ly , b u t In A u g . 1 9 0 2 w e r e In c r e a s e d t o 75
c e n ts m o n t h ly , a n d In N o v . 1 9 0 4 t o 90 c e n t s m o n t h ly . O n a c c o u n t o f
e a r th q u a k e a n d Ore n o d iv id e n d s w e r e p a id fr o m A p ril 19 0 6 t o S e p t . 1 9 0 8 ,
w h e n d iv id e n d s w e r e r e su m e d a t 5 0 c e n ts p e r s h a r e u p t o M a y 1 9 0 9 , w h e n
60 c e n t s p e r s h a r e w a s p a id a n d m o n t h ly s in c e to S e p t . 1 9 0 9 .
R O A D .— O p e r a te s 11 Vi m ile s o f t r a c k o n 5 Vi m ile s o f s t r e e t .
O F F I C E R S .— P r e s ., J . H e n r y M ey er; V . - P . , J . C . C o le m a n ; S e c ., G e o . A
H are; T r e a s ., A . B o r c l A C o .; S u p t . . J . W . H a r r is .
O ff ic e , S a n F r a n c is c o ,
C a l.— V . 8 2 , p 2 7 9 ; V . 8 4 , p . 1 0 1 .
GEARY STREET PARK & OCEAN RR
O R G A N I Z A T I O N .— I n c o r p o r a te d N o v . 8 1 8 7 8 . F ra n ch ise e x p ir e d In
N o v e m b e r 190 3 a n d t h e r e a f t e r w a s o p e r a te d b y p e r m is s io n o f c i t y , p a y in g
It 5 % of g r o s s r e c e ip t s .
R o a d c e a s e d o p e r a tio n s o n M a y 5 1 9 0 7 , r e fu s in g
th e d e m a n d s o f th e s tr e e t c a r u n io n o f $3 fo r e ig h t h o u r s ’ w o r k .
On S e p t.
17 19 0 7 r o a d r e su m e d o p e r a tio n u n d e r s p e c ia l a u t h o r it y b y M a y o r a n d B o a rd
of S u p e r v is o r s u p o n p a y m e n t o f 1 0 % o f g r o s s r e c e ip t s m o n t h ly , th e c o m
p a n y r e s e r v in g th e r ig h t a s t o w a g e s o f e m p lo y e e s .
W e a r e In fo rm e d ,
h o w e v e r , t h a t In t h e l a t t e r p a r t o f 1908 o n ly 5% w a s b e in g p a id a n d t h a t
t h is r a te h a s b e e n c o n t in u e d u p t o t h e p r e s e n t d a t e ( S e p t . 1 9 0 9 ) .
I n 1 9 0 7 t h e c i t y o f S a n F r a n c is c o a p p r o p r ia te d $ 7 2 0 ,0 0 0 In t h e a n n u a l
b u d g e t fo r t h e b u ild in g o f a c o n d u it s y s t e m , u n d e r m u n ic ip a l o w n e r s h ip ,
b u t J u d g e S t u r t e v a n t D e e . 2 19 0 7 h eld t h e a p p r o p - la tlo n I n v a lid .
See
V . 8 5 , p . 1 5 1 8 . T h e r e Is t a lk o f h a v in g t h e v o t e r s s a y fo r t h e fo u r th tim e
w h e t h e r t h e r o a d s h a ll b e c o n v e r t e d In to a m u n ic ip a l e le c t r ic ro a d a n d t h e
c it y Issu e a b o u t $ 1 ,0 0 0 ,0 0 0 b o n d s t o c o v e r c o s t o f c h a n g e a n d fo r e x t e n s io n s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 (p a r $ 1 0 0 ) ......................................... 1 1 0 ,0 0 0 s h a r e s ,1 S e e t e x t .
\ $ 3 7 p a id In. /
1st
m o rtg a g e ,
$ 1 ,0 0 0 ,0 0 0 ,1 18 9 1
5 g A -O
$ 6 7 1 ,0 0 0 O c t 1 1921
g o l d ...................................................../C a lif o r n ia S . D . A T r . C o ..S a n F r a n ., T r u s .
B o n d s . — $ 1 0 ,0 0 0 Is p a y a b le I n to a s in k in g fu n d a n n u a lly a f t e r 1911 for
r e d e m p t io n o f b o n d s .
,
..........................
D iv id e n d s . — In 1 8 9 5 6 d iv id e n d s o f 5 0 c e n t s e a c h ; In 1 8 9 6 , 5 d iv id e n d s;
In 1 8 9 7 , 3 d iv id e n d s ; In 1 8 9 8 , 6; In 1 8 9 9 , 6: in 1 9 0 0 , 6: In 1 9 0 1 , 5 d iv id e n d s
o f 5 0 c e n ts a n d o n e o f $ 1 .
I n 1 9 0 2 , 5 d iv id e n d s o f 5 0 c e n t s % I n 1 9 0 3 ,
F e b . , 5 0 c e n ts ; A p r il, 50 c e n ts ; J u n e , 5 0 c e n t s .
N o n e s in c e t o S e p t .. 1 9 0 0 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 2 1 7 ,5 0 7 .
I n 1 9 0 7 , g r o s s,
$ 1 5 3 ,1 9 1 .
R O A D .— O w n s 4 m ile s o f d o u b le - tr a c k c a b le r o a d la id w i t h 7 2 - lb . r a ils;
s ta n d a r d g a u g e .
O F F I C E R S .— P r e s .. H . G . P la t t ; V . - P . , C . E . G re e n ; S e c . a n d T r e a s .,
J . E . P o lh e m u s ; S u p t . , G . A . G r im e s .
G en er a l o f f ic e , C r o c k e r B ld g .,
S a n F r a n c is c o .— V . 8 5 p . 1 5 1 8 .
5 g J -J
1 ,5 0 0 ,0 0 0 J a n 2 1 9 3 3
I 1906
S a n F r a n O A S J R y 2 d m tg e l I n t . a t W e lls - F a r g o - N e v a d a N a t . B a n k ,
$ l ,5 0 0 ,0 0 0 ,g ( $ l,0 0 0 ) ,s f . c ’ j
S a n F r a n c is c o , o r a t c o m p a n y ’s o f f ic e .
I U n io n T r u s t C o ., S a n F r a n c is c o , T r u s t e e .
B o n d s . — O f t h e c o n s o lid a t e d m t g e . b o n d s , $ 4 ,5 0 0 ,0 0 0 a r e r e s e r v e d t o r e
tir e p r io r H en s. A s in k , fu n d o n t h e s e b o n d s b e g in s 1 9 1 5 t o 1 9 1 7 ; I n s ta ll
m e n ts t o t a lin g $ 4 ,3 4 5 ,0 0 0 .
B o n d s c a n n o t b e c a lle d . A s in k in g fu n d o n
th e S a n F r a n . O a k . A S a n J o s e R y . 1 s t 5s Is p r o v id e d w h ic h w ill r e tir e b o n d s
a s fo llo w s ; In 1 9 1 5 a n d 1 9 1 6 , $ 2 5 ,0 0 0 e a c h y e a r ; In 1 9 1 7 a n d 1 9 1 8 , $ 3 5 ,0 0 0 ;
In 1 9 1 9 a n d 1 9 2 0 , $ 5 0 ,0 0 0 ; In 1921 a n d 1 9 2 2 , $ 7 5 ,0 0 0 ; In 1 9 2 3 , $ 9 0 ,0 0 0 ; In
1 9 2 4 a n d 1 9 2 5 , $ 1 0 0 ,0 0 0 : In 1 9 2 6 , $ 1 1 5 ,0 0 0 ; In 1 9 2 7 a n d 1 9 2 8 , $ 1 2 5 ,0 0 0 : In
1 9 2 9 , 1 9 3 0 , 1931 a n a 1 9 3 2 . $ 1 5 u .0 0 9 .
T h ese b o n u s c a n n o t be c a lle d .
S e e V . 7 6 , p . 6 5 5 . T h e f o llo w in g a m o u n t s a r e p a y a b le a n n u a lly t o a s in k in g
fu n d o n t h e S a n . F r a n . O . A S . J . R y . 2d m tg e . b o n d s: 1 9 1 5 , $ 1 0 ,0 0 0 ;
1 9 1 6 , $ 1 5 ,0 0 0 ; 1 9 1 7 , $ 2 0 ,0 0 0 ; 1 9 1 8 , $ 2 5 ,0 0 0 : 1 9 1 9 , $ 3 0 ,0 0 0 ; 1 9 2 0 , $ 3 5 ,0 0 0 ;
1 9 2 1 , $ 4 0 ,0 0 0 ; 1 9 2 2 , $ 4 5 ,0 0 0 ; 1 9 2 3 t o 1 9 2 5 , I n c lu s iv e , $ 5 0 ,0 0 0 ; 1 9 2 6 a n d
1 9 2 7 , $ 6 0 ,0 0 0 ; 1 9 2 8 to 1 9 3 2 , I n c lu s iv e , $ 7 5 ,0 0 0 . T h e s e b o n d s a r e n o t
s u b j e c t to c a ll.
R O A D .— C o n s is ts o f 5 ) 4 m ile s (d o u b le tr a c k ) fr o m a p ie r -h e a d a t E m e r y
v ille th r o u g h O a k la n d t o P ie d m o n t a n d a n o t h e r lin e 6 .7 9 m ile s ( d o u b le
tra c k ) r u n n in g fro m p ie r -h e a d t o B e r k e le y ; a ls o 1 Vi m ile s fr o m E m e r y v ille
to 5 5 th S t O a k la n d ; a ls o 1 H m ile s fr o m 5 5 th S t . , O a k la n d , t o C la r e m o n t .
T o t a l a b o u t 3 0 m ile s o f s in g le tr a c k .
F iv e la r g e f e r r y b o a t s a r e u s e d to
c o n n e c t t h e ro a d w it h S a n F r a n c is c o . C o n te m p la t e s c o n s t r u c t in g a lin e
fro m S a n F r a n c is c o t o S a n J o s e .
R E P O R T — F o r y e a r e n d in g D e c . 31 1 9 0 8 o f t h e S a n F r a n c is c o O a k la n d
A S a n J o s e R y .; G ro ss, $ 9 0 1 ,1 1 0 ; n e t , $ 4 5 5 ,3 9 3 ; fix e d c h a r g e s . $ 2 5 9 ,5 9 8 ;
s u r p lu s , $ 1 9 5 ,7 9 5 .
O F F I C E R S .— P r e s ., E . A . H e r o n ; V . - P ., H . W a d s w o r t h ; S e c ., S . J .
T a y lo r ; T r e a s ., F . C . H a v e n s ; V .- P . a n d M g r ., W . F . K e lly ; A s s t . S e c .,
F W F r o s t: A s s t . M g r.. J Q . B r o w n ; T r a f fic M g r ., W . R . A l b e r g c r .
— V . 8 6 . p . 7 2 2 , 1285; V . 8 7 , p . 98.
U N IT E D R A IL W A Y S IN V E S T M E N T CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In N e w J e r s e y F e b . 17 1 9 0 2 .
In
S e p t . 1906 tiled a n a m e n d m e n t t o Its c h a r te r c h a n g in g Its n a m e fr o m U n it e d
R a ilw a y s I n v . C o . of S a n F rancisco t o Its p r e s e n t t i t l e .
V . 83. p. 689.
O w n e d a ll t h e c a p ita l s to c k o f t h e U n it e d R a ilr o a d s o f S a n F r a n c is c o , b u t
In 19 0 9 s o ld $ 9 ,9 9 7 ,5 0 0 o f th e c o m m o n to S a n F r a n . E le c . R y s . T h e U n it e d
R a ilr o a d s o f S a n F r a n c isc o in tu r n o w n s p r a c tic a lly a ll t h e s h a r e s o f t h e
M a r k e t S t r e e t I l y . , t h e S u t t e r S t . I t y . , t h e S u tr o R R . a n d t h e S a n F r a n c isc o
A S a n M a te o E le c . R y .
„ „ „ „ „ „„„
In J a n . 1 9 0 6 a u t h o r iz e d c o m m o n s to c k w a s I n c r e a s e d fr o m $ 1 0 ,0 0 0 ,0 0 0
to $ 2 5 ,0 0 0 ,0 0 0 $ 4 ,0 0 0 ,0 0 0 b e in g s e t a s id e fo r s a le to o f fic e r s , d ir e c t o r s , A c .
S ee V . 82, p. 282.
I n M a y 1 9 0 9 (V . 8 8 , p . 1 1 2 9 , 1 3 1 4 ) a u t h o r iz e d n r e f.
s t o c k w a s I n c r e a s e d fr o m $ 1 5 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 , a n d $ 1 ,0 0 0 ,0 0 0 o f t h e
a d d it io n a l a m o u n t , t o g e t h e r w it h $ 1 ,0 0 0 ,0 0 0 c o m m o n , w a s e x c h a n g e d fo r
s t o c k o f T h e R a ilr o a d s A P o w e r D e v e l. C o ., w h ic h Is n o w h e ld b y t h e U n it e d
R y s I n v e s t m e n t C o .; t h e R R s . A P o w . D e v e l. C o . In tu r n e x c h a n g e d t h e
a b o v e c o m . A p r e f. o f t h e I n v e s t . C o . fo r s t o c k o f S ie r r a A S a n F r . P o w . C o,
In J u n e 1908 issu e d $ 3 , 5 0 0 ,uuo i w u . , is h o w n b e lo w ) fo r p u r p o s e o f
a c q u ir in g t h e r e m a in in g $ 3 ,5 0 0 ,0 0 0 1st p r e f. s to c k o f U n ite d R a ilr o a d s o f
S a n F r a n c isc o ( $ 1 ,5 0 0 ,0 0 0 h a v in g b e e n a lr e a d y a c q u ir e d ).
See V . 86,
P ‘ A c q u is itio n o f P h ila d elp h ia C o m p a n y .— I n F e b . 1 9 0 6 a c q u ir e d $ 2 1 ,0 0 0 ,0 0 0
o f t h e $ 3 0 ,0 0 0 ,0 0 0 c o m m o n s to c k o f t h e P h ila d e lp h ia C o . o f P itt s b u r g h ,
g iv in g $ 3 7 5 0 In n e w c o ll, t r u s t b o n d s a n d $ 2 0 In c o m m o n s t o c k o f t h e I n
v e s t m e n t C o . fo r e a c h $ 5 0 s h a r e o f t h e P h ila d e lp h ia C o . S e c V . 8 2 , p . 3 9 3 ,
988.
F o r s t a t e m e n t m a d e In lis t in g t h e s e b o n d s on t h e P h ila d e lp h ia S t o c k
E x c h a n g e , see V . 8 3 . p . 1 2 35.
In A p ril 19 0 7 Issu ed $ 2 ,4 0 0 ,0 0 0 m o r e o f Its
b o n d s fo r s to c k o f t h e P h ila . C o ., b r in g in g t h e t o t a l a c q u ir e d t o $ 2 4 ,2 0 0 ,0 0 0 .
In O c t. 1902 b o t h c o m m o n a n d p r e fe r r e d s t o c k s w e r e lis t e d o n t h e N e w
Y ork S to c k E x ch a n g e. V . 75 p . 7 9 5 .
,
,
I n 1 9 0 9 a c q u ir e d t h e R a ilr o a d s A P o w e r D e v e lo p m e n t C o ., w h ic h Is a
h o ld in g c o m p a n y fo r t h e S a n F r a n c isc o E le c . R y s . a n d t h e S ie r r a A S a n
F r a n c is c o P o w e r C o . V . 8 9 , p . 2 8 7 , 5 2 9 , 8 4 7 .
S T O C K .—
D ate.
In terest. O u tsta n d in g .
L a st D lv .
$ 2 0 ,4 0 0 ,0 0 0 . . . . . . . . . .
C o m m o n $ 2 5 0 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
P r e f 5 % c u m from A p r 1 19021 ------------------1 6 .0 0 0 ,0 0 0 J a n 0 7 , 2 ) 4 .
$ 2 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ..............
,
In s c r ip
1st Hen c o lla te r a l t r u s t m t g e l 19 0 6
5 g M -N
1 8 .1 5 0 ,0 0 0 M a y 1 1 9 2 6
$ 2 0 ,2 5 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) ) I n t . a t G u a r . T r u s t A S a fe D c p . C o ., P h ila
o r N . Y . T r u s t C o ., N . Y ., T r u s t e e .
s in k in g f u n d _____________ c * j
N o t e s . 5 3 .5 IU.OOO
! 08
%
3 1 0 0 ,0 0 0
li 1 0 -1 9 1 7
B o n d s . — T h e c o ll, t r u s t b o n d s are se c u r e d b y d e p o s it o f a ll a c q u ir e d c o m
m o n s to c k o f th e P h ila d e lp h ia C o . T h e y are s u b j e c t t o c a ll o n a n y I n t e r e s t
d a t e a t 105 a n d I n te r e s t.
A s ta k in g fu n d o f 1 % p e r a n n u m o f b o n d s o u t
s ta n d in g c o m m e n c e s M ay 1 1 9 1 1 . s a id fu n d t o be I n v e s te d In t h e b o n d s a t
n o t m o re th a n 105 a n d I n te r e s t.
A u th o r iz e d a m o u n t o f b o n d s m a y b e
in c r e a s e d for p u r c h a s e o f a d d it io n a l s h a r e s o f c o m m o n s t o c k o f 1 h lla . C o.
T h e n o t e s o f 19 0 8 a r e se c u r e d b y e n t ir e $ 5 ,0 0 0 ,0 0 0 1 s t p r e f. s to c k of
U n it e d R a ilr o a d s o f S a n F r a n c isc o a n d m a tu r e $ 2 0 0 ,0 0 0 s e m i- a n n u a lly .
$ 2 0 0 ,0 0 0 w e r e p a id F e b . 15 a n d A u g . 1 5 1 9 0 9 .
s to c k . — T h e p referred s to c k c a n be r e tir e d a t 1 1 0 .
, nn, . , . . ~
D ivid en d s. — F irst d l v .. 1 ) 4 % o n p r e f. s t o c k , p a id J a n . 3 1 9 0 3 . 1 ) 4 %
J u ly ’03: in J a n . *04. 1 )4 %• J u l y , 1 M %: In ’05 4 %: In 00 J a n
2 )4 % ( V .
8 1 . p . 1 6 6 7 ); A p r il, 4 M %— o w in g t o t h e e a r th q u a k e a n d I lie . t h is d iv id e n d
w a s p a id In I n te r e s t-b e a r in g sc rip In ste a d o f c a s h .
V . 82 p . 0 8 8 .
in J u ly
1906 a n o th e r sc rip d iv id e n d o f 2 Vi % p a id (V . 8 2 . p . 1 3 8 j / 1“
a n o th e r o f th e s a m e a m o u n t; J u ly ’07 d iv id e n d p a s s e d a lt o g e t h e r .
V . 84,
p. 1429.
N o n e s in c e .
R E P O R T F O R C A L E N D A R Y E A R S .—
C a len d a r
Y ear —
D iv s .R c c ’d
Other
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on S to c ks.
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1 9 0 8 ........... $ 1 ,4 5 2 ,6 7 2
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1 9 0 7 ___ 1 ,4 5 7 ,7 7 2
1 0 3 ,0 9 2
6 7 ,0 3 9
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4 0 2 ,6 3 4
O F F I C E R S .— P r e s ., E r n s t T h a lm a n n , N . Y .: V . - I s . , G e o . W . B a c o n ,
S . H . M a rch a n d M a r tin K u b le r s c h k y , N . Y .; S e c . a n d A s s t . I r e a s ., W . J .
D u a n e , N . Y .; T r e a s ., B . S . G u in n e s s , N . Y .; A s s t . S e c . a n d A s s t . T r e a s .,
M V . R W e y a n t .— V . 8 7 . p 1 6 06; V . 8 8 , p . 2 3 2 , 4 5 3 , 5 0 7 , 5 6 9 , 1 0 6 3 , 1 1 2 9 ,
1 1 99, 1 2 5 0 , 1314; V . 8 9 . p . 2 8 7 , 3 4 9 , 52 9 , 8 4 7 .
(1) R a ilr o a d s & P o w e r D e v e lo p m e n t C o .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e o n J u n e 9 1 9 0 9 w it h n o m in a l
($1 0 0 0 ) c a p ita l s t o c k , w h ic h h a s s in c e b e e n I n c r ea se d to $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ,
o f w h ic h $ 5 ,5 0 1 ,0 0 0 Is o u t s t a n d in g . A ll s t o c k Is h e ld b y U n it e d R y s . I n v e s t .
Co (V 8 8 , p . 1 3 1 4 , 1 1 2 9 ) .
O w n s a ll th e s t o c k ( e x c e p t d ir e c t o r s ’ s h a r e s) o f
t h e .San F r a n c isc o E le c . R y s . a n d t h e S ie r r a A S a n F r a n c is c o P o w e r C o.
O F F I C E R S .— P r e s ., H o r a c e M itc h e ll; V . - P ., C. L . A tt e r b u r y ; S e o .,
W . H . H c n d e e ; T r e a s ., M . V . R . W e y a n t .— V . 8 8 , p . 5 2 9 , 8 4 7 .
(a) S a n F r a n c is c o E le c tr ic R a i lw a y s .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 9 fo r p u r p o s e o f acquiring a n d
o n e r a tln g o t h e r s t r e e t r a ilw a y s in S a n F r a n c is c o .
V . 8 8 , p . 1129, 1314.
S t o c k Is h e ld b y t h e R a ilr o a d s A P o w e r D e v e l. C o .
I n J u ly 1 9 0 9 a c q u ir e d
t h e P a r k s k le E le c . R y . C o . (V . 8 9 . p . 2 8 7 ) a n d a ls o t h e p r o j e c t e d Vlsltaclon
V a lle y E le c tr ic R R .
V . 89, p. 529.
O w n s $ 9 ,9 9 7 ,5 0 0 c o m m o n s t o c k of
U n it e d R R s . o f S a n F r a n ., w h ic h w a s s o ld to It b y U n it e d R y s . I n v e s t . C o .
.STO C K A N D B O N D S —
D a le .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......... ............................... .............$ 1 0 ,0 0 0 ,0 0 0
F ir s t m o r t g a g e , $ 1 0 ,0 0 0 ,0 0 0 _ f 19 0 9
5
)
rj?e c \.
/ U n i o n T r u s t C o ., S a n F r a n c is c o , t r u s t e e .
— V . 80, p. 287, 520.
(6) S ie rr a & S an F r a n c is c o P o w e r C o .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia o n M a y 28 19 0 9 a n d o n
S e p t . 21 190 9 t o o k o v e r t h e S t a n is la u s K le e . P o w . C o . a n d t h e T u o lu m n e
W a t e r P o w e r C o ., b o t h f o r e c lo s e d p e r p la n In V . 8 8 , p . 2 3 5 , 5 6 9 , 1 0 0 5 , 1 0 6 6 .
C o m p a n y a ls o a c q u ir e d c it y p o w e r p la n t s o f t h e U n it e d R R s . o f S a n I-'ran.
S t o c k Is o w n e d b y R a ilr o a d s & P o w e r D e v e l. C o .
H a s c o n t r a c t w it h t h e
U n it e d R R s . o f S a n F r a n , to s u p p l y e n t ir e p o w e r c o n s u m p tio n o f t h a t c o .
STO C K A N D B O N D S —
D a le. In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , S 2 0 .0 0 0 .0 0 0 ( $ 1 0 0 ) ......... .............
......... .............5 2 0 ,0 0 0 ,0 0 0
____________
F i r s t m o r t g a g e , $ 1 4 ,0 0 0 ,0 0 0 J 1 9 0 9
5 F -A
6 ,5 0 0 ,0 0 0 A u g . 1 19 4 9
g (5 1 ,0 0 0 ) _______________ c ’ l U n l t e d S t a t e s M tg e . A T r . C o ., N . Y . , T r u s .
S e c o n d m o r t g a g e , 5 6 ,0 0 0 ,0 0 0 ] 1 9 0 9
5
6 ,0 0 0 ,0 0 0 J a n . 1 1 9 4 9
( $ 1 , 0 0 0 ) ......... ..........................c * lK n ic k e r b o c k e r T r u s t C o ., N . Y . , T r u s t e e .
O F F I C E R S .— P r e s ., G . W . B a c o n ; A c t in g V . - P . , C . N . B la c k ; S e e . a n d
T r e a s ., W . R . B r o c k w a y .— V . 8 9 , p . 8 4 9 .
U N I T E D R A I L R O A D S O F S A N F R A N C I S C O — T r o lle y .
page 1 0 7 .)
I n c o r p o r a te d In C a lifo r n ia o n M arch 4 1 9 0 2 a n d
29 1 9 0 2 .
H a s a c q u ir e d t h e f o llo w in g s to c k s ;
(See M a p on
c h a r te r a m e n d e d M arch
Sh a res
N am e of C om panu—
A c q u ired .
M ark et S t r e e t R a ilw a y C o ______________________________ 1 8 6 ,0 2 5 .2 7
S u t t e r S tr e e t R a ilw a y C o _______________________________ 1 9 ,8 8 8
S u tr o R a ilr o a d C o _________________________________________ 2 2 ,9 4 6
S a n F r a n . A S a n M a te o E le c tr ic R y . C o ------------------------ 1 0 ,0 0 0
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t im e o f t h e g r e a t fir e .
N o n e s in c e .
O F F I C E R S .— P r e s ., G . A . N e w h a ll; V . - P . , H . M . A . M iller; S e c ., J o h n
B . L e ig h to n ; T r e a s ., W . J . D u t t o n .
O ff ic e , c o r n e r U n io n a n d S h a r p
s t r e e t s , S a n F r a n c is c o .— V . 8 1 , p . 2 6 5 , 1 1 75; V . 8 3 , p . 6 8 8 ; V . 8 7 , p . 1 2 3 8 ; V .
8 8 . p . 1002; V . 8 9 , p . 3 4 9 .
,
P E N IN S U L A R R A IL W A Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia J u n e 3 0 1 9 0 9 a s a c o n
s o lid a t io n o f v a r io u s e le c t r ic r a ilw a y s In w h ic h t h e S o u t h e r n P a c ific Is I n te r
e s t e d , n a m e ly t h e P e n in s u la r R R . C o ., S a n t a C la ra ln te r u r b a n R y . (V . 8 3 ,
p . 3 8 0 ; V . 8 7 , p . 5 4 5 ) a n d t h e S a n J o s e -L o s G a to s ln te r u r b a n R y . (V . 7 6 ,
p . 1 4 0 9 ; V . 8 9 , p . 1 0 4 ) . W ill c o m p r is e a ll t h e p r e s e n t a n d c o n t e m p la t e d
r a ilw a y s y s t e m s o n t h e S a n F r a n c is c o p e n in s u la , a n d fr o m t h a t c it y to S a n
J o s e a n d v i c i n i t y , I n c lu d in g t h o s e In I n t e r m e d ia t e t o w n s .
STOCK A N D B O N D S—
D a le.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____ ______
$ 1 2 ,0 0 0 ,0 0 0
....................-
S a n J o s e -L o s G a to s I n t e r . 1 st? 1903
5 M -N 21______ 5 0 0 ,0 0 0 M a y 21 1 92 3
m o r t g a g e , $ 2 ,0 0 0 ,0 0 0 ____ c (C e n t r a l T r u s t C o ., S a n F r a n c is c o , T r u s t e e .
R O A D .— O p e r a te s a b o u t 41 m ile s o f t r a c k b e t w e e n S a n J o s e , S a r a t o g a ,
L o s G a to s , C a m p b e ll, C u p e r tin o , M o n ta V is t a a n d P a lo A l t o , a ll In S a n t a
C lara C o u n ty . S t a n d a r d g a u g e , 6 0 a n d 7 0 l b ., m o s t ly T - r a il.
E x t e n s io n s
b e t w e e n P a lo A lt o a n d S a n J o s e , a ls o b e t w e e n P a lo A lt o a n d S a n F r a n
c is c o a r e p r o p o s e d .
O F F I C E R S .— P r e s ., J . T . B u r k e , B e r k e l e y , C a l.; V . - P . , a n d G en . M g r .,
F . E . C h a p in , S a n J o se ; S e c ., G er a ld F it z g e r a ld , S a n F r a n c isc o ; A u d ., C. E .
N e w m a n .— V . 8 9 , p . 1 0 4 .
2 3 8 ,8 5 9 .2 7
SANTA CRUZ, CAL.
O n M arch 5 1 9 0 9 (lied a c e r t ific a te o f d e c r e a s e In c o m m o n s t o c k fro m
$ 2 0 ,0 0 0 ,0 0 0 to $ 1 8 ,8 0 0 ,0 0 0 , t h e U n it e d R y . I n v e s t m e n t C o . h a v in g
C O A S T C O U N T I E S L IG H T & P O W E R C O .
s u r r e n d e r e d 1 2 ,0 0 0 s h a r e s fo r c a n c e lla t io n .
V. 8 8, p . 1314.
O R G A N I Z A T I O N .— O w n s t h e p r o p e r tie s o f t h e W a t s o n v ille L ig h t A
T h e S a n F r a n . E le c . R y s . h a v e a c q u ir e d $ 9 ,9 9 7 ,5 0 0 o f c o m . s t o c k o f P o w e r C o ., t h e V V atsonvIU e G as C o ., t h e S a n t a C ruz G a s A E le c . L ig h t C o.
U n . R R . o f S . F . A ll t h e r e s t o f t h e s h a r e c a p it a l, c o m . a n d p r e f ., ls ih e ld a n d t h e C o - o p e r a t iv e E le c . C o . o f S a n t a C ru z.
I n A u g . 1 9 0 6 a c q u ir e d c o n
b y th e U n . R y s . I n v e s t. C o.
tr o l o f t h e U n io n T r a c . C o . o f S a n t a C r u z , w h ic h s e e b e lo w .
V . 83, p. 4 3 7 .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 1 8 8 1 0 ,0 0 0 ......................................................... 5 1 8 ,8 0 0 ,0 0 0 M c h ’o o 1 .5 %
S t o c k , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 1 ,5 0 0 ,0 0 0 .............. . . . .
P r e f 4 % c o m $ 2 0 . 0 0 0 ,0 0 0 - ....................
4 J -D
2 0 ,0 0 0 ,0 0 0 D e c ’0 6 , 2%
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m o rtg a g e,
$ 1 ,0 0 0 ,0 0 0 ,1 1 9 0 6
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8 6 0 ,0 0 0 A u g 1 1 94 6
1 s t p r e f 7% c u m S 5 .0 0 0 , 0 0 0 - . 1 9 0 7
..............
5 ,0 0 0 ,0 o o A u g i: > ’0 0 , 3 } i
g o ld ( $ 1 ,0 0 0 ) ...............................J l n t a t M e r c a n tile T r . C o ., S a n F r a n ., T r u s .
2 5 ,4 0 9 ,0 0 0 A p ril 1 1927
S in k in g fu n d g o ld b o n d s $ 3 5 , - f 1 9 0 2 4 g A -O
O F F I C E R S . —- P r e s ., J o h n M a r tin . S a n F r a n c is c o ; S e c ., T r e a s . a n d G en .
2 7 5 ,0 0 0 ( $ 1 ,0 0 0 ) _______ c* { I n t e r e s t a t c o m p a n y 's o f f ic e , o r In N e w Y o r k .
M g r ., F . E . F it z p a t r ic k
I
U n io n T r u s t C o ., S a n F r a n c is c o , T r u s t e e .
(1) U n io n T r a c t io n C o m p a n y .— A t r o lle y r o a d .
N o t e s $ 1 , 0 0 0 ,0 0 6 ............................../
1906
5
S e e t e x t 1 9 1 6 I n A u g u s t 1 9 0 6 c o n t r o l w a s a c q u ir e d b y t h e C o a s t C o u n tie s L ig h t A
( R e d e e m a b le a f te r 5 y e a r s a t p a r .
P o w er C o. V . 8 3 . p . 43 7 .
M a r k e t S t C a b le R y M tg e l 1 8 8 2
6 g J -J
3 ,0 0 0 ,0 0 0 J a n
11013
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia In O c to b e r 1 9 0 4 a n d Is
( $ 1 ,0 0 0 ) g o l d ............................ c ]
a c o n s o lid a t io n o f t h e S a n t a C ruz E le c tr ic R y . a n d t h e S a n t a C ruz C a p lto la
O m n ib u s C ab le C o 1 st M t g e - . .
1 8 8 8 6 A -O
2 ,0 0 0 ,0 0 0 A p r il 2 1 9 1 8
& W a t s o n v ille R y .
P a r k & Clltr H o u s e 1 st M t g e - .
1 8 8 7 6 J -J
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11913
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g . M a tu r it y .
P o w e ll S t r e e t 1st M tg e ................... 1 8 8 7 6 M -S
7 0 0 ,0 0 0 M ch 1 1 9 1 2
S t o c k , $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) .......................................................
$ 7 5 0 ,0 0 0 .........................
P a r k & O ce a n 1 st M tg e _________ 1 8 8 4 6 J -J
2 5 0 ,0 0 0 J a n 1 1 9 1 4
1st m o r t g a g e , $ 7 5 0 ,0 0 0 . g o l d ] 1 9 0 5
.................
6 3 1 .0 0 0 F e b 1 193 5
F e r r ie s A C liff llo u s e lM t g c ____ 1 8 8 9
6 M -S
6 5 0 ,0 0 0 M ch 1 1 9 1 4
( $ 1 , 0 0 0 ) ............- ............... c A r j l n t . a t U n io n T r . C o ., S a n F r a n ., T r u s t e e .
M a r k e t S t r e e t R y c o n s o l M tg e ) 1 8 9 4
5 g M -S
6 ,6 4 1 ,0 0 0 S e p t 1 192 4
B o n d s . — S in k in g fu n d fro m 19 1 0 till 1 9 1 5 o f 'A % o f b o n d s o u t , fro m 19 1 5
$ 1 7 ,5 0 0 ,0 0 0 g o l d ....................... J
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Interest Is p a y a b le a t T r e a s u r e r ’s o f fic e ,S a n F r a n c is c o . to n1920 b e% s efdb t o d e do u t a nh e fro md s .9 2 0At o m a tju r it y o 2c%lloa f be rn d s b .u t; 1910
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a t 1 10 a n d l n t . $1 >6 ,0 0 0 b o n d s a r e r e se r v e d fo r b e t t e r m e n t s a n d e x t e n s i o n s .
( $ 1 , 0 0 0 ) ____________________ (C a l. T it le I n s . A T r . C o ., S a n F r a n ., T r u s t e e .
R O A D .— O p e r a te s 18 m ile s o f t r a c k In S a n t a C ruz a n d t o C a p lt o la .
B o n d s .— O f t h e $ * 5 ,2 7 5 ,0 0 0 s in k in g fu n d g o ld 4 s , $ 9 ,8 6 6 ,0 0 0 a r e r e se r v e d S t a n d a r d g a u g e ; 4 0 a n d 5 0 - lb . r a il.— V . 8 2 , p . 1 4 4 0 ; V . 8 3 , p . 4 3 7 .
t o r e tir e u n d e r ly in g lie n s (th e o t h e r $ 4 ,7 2 5 ,0 0 0 n e e d e d fo r t h a t p u r p o s e b e
in g p r o v id e d b y t h e o p e r a tio n o f t h e s in k , f u n d s ) .
A s in k , fu n d e q u a l t o
2 % o f t h e e n tir e g r o s s e a r n in g s , b u t n o t le s s t h a n $ 1 0 0 ,0 0 0 a y e a r , b e g a n
SAVANNAH, GA.
J a n . 1 1005.
A ll th e in c o m e a b o v e 5 % o n t h e c o m m o n m u s t a ls o be a p p lie d
S A V A N N A H E L E C T R IC C O — A tr o lle y s y s t e m .
t o a s in k , fu n d or for I m p r o v e m e n t s .
V. 74. p . 529, 630. T h rou gh op era
O R G A N I Z A T I O N .— I n c o r p o r a te d In G eo r g ia In D e c . 19 0 1 a s a c o n s o li
t io n o f s in k , f u n d , $ 1 ,1 8 8 ,0 0 0 b o n d s h a v e b e e n p u r c h a s e d a n d a r e h e ld b y
tr u s t e e ; t h e s e b o n d s a r e I n c lu d e d In a m o u n t s g iv e n a b o v e a s o u t s t a n d in g . d a tio n o f t h e C ity A S u b u r b a n R y . . th e S a v a n n a h T h u n d e r b o lt A I s le o f
H o p e R y . , S a v a n n a h A I s le o f H o p e R y . a n d t h e E d is o n E le c tr ic I l l u m i n a t
B o n d s w ere lis t e d o n t h e N e w Y o r k S t o c k E x c h a n g e In M a rch 1 0 0 3 .
V. 76.
p. 1036.
P rio r Ur bonds subject to call. T h e b o n d s o f M a r k e t S t r e e t R y , in g C o ., c o m p r is in g t h e e n tir e s tr e e t r a ilw a y a n d p r a c t ic a lly t h e e n t ir e
e le c t r ic - lig h tin g s e r v ic e o f t h e c i t y .
F r a n c h is e s fo r b o t h s t r e e t r a ilw a y s a n d
s s u c a r e s u b j e c t to o p e r a tio n o f s in k in g fu n d a f t e r S e p t . 1 1 9 1 8 ; a n d S u t t e r
e le c t r ic - lig h tin g p la n t a r e r e p o r te d p e r p e tu a l.
B o n d s a n d s t o c k w e r e In
S t r e e t R y . 1 st m tg e . 5 s are s u b j e c t t o c a ll a f te r M a y 1 1 9 0 8 a t r a te o f $ 5 0 ,0 0 0
J u ly 19 0 2 lis t e d o n th e B o s t o n S t o c k E x c h a n g e .
p e r a n n u m , In n u m e r ic a l o r d e r , b e g in n in g w it h b o n d N o . 1 . T h e n o t e s ln
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
ta b le a b o v e w ero Issu e d to r e im b u r s e t h e c o m p a n y In p a r t fo r I m p r o v e m e n t s
C o m m o n $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
- ...............
$ 2 ,5 0 0 ,0 0 0
.................
s in c e 1 9 0 2 .
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1 ,0 0 0 ,0 0 0 O c t '0 7 ,3 %
D iv id e n d s . — O n 4 % p r e f., In 1 9 0 2 , D e c . , 1 .2 % ; In 1 9 0 3 , J u n e , 1 .2 % ; P f $ 1 ,0 0 0 ,0 0 0 6 % n c ( $ 1 0 0 ) . . ____
1 st c o n s m tg e $ 3 ,5 0 0 ,0 0 0 g o ld ] 19 0 2
5 g J -J
2 , 0 5 1 .0 0 0 J a n . 1 1 9 5 2
D e c ., 1 .2 % ; In 1 9 0 4 , J u n e . 1 .5 % ; D e c ., 1 .5 % ; In 1 9 0 5 , J u n e , 1 .8 % ; D e c . ,
($ 1 ,0 0 0 a n d $ 5 0 0 ) .............. c ’ J I n t . a t A m e r . T r u s t C o ., B o s t o n , T r u s t e e .
2% .
In 1 9 0 6 , M c h ., 3 .6 % (In fu ll o f a ll d e fe r r e d d iv id e n d s In a r r ea r s to
S a v T h u n A Isle o f H 1 st M l 18 9 7
4 c u r J -J
1 ,0 0 0 ,0 0 0 J u l y 1 1 9 4 7
S e p t . 3 0 1 9 0 5 ); D e c ., 2% ( p a id In d i v id e n d c t f s .)
N o n e s in c e .
O n 7%
g ($ 1 ,0 0 0 ) $ 1 , 2 5 0 .0 0 0 ___c ’ /C e n t r a l T r u s t Co , N e w Y o r k , T r u s t e e .
r e f. 1 s t d i v id e n d , 3 J 4 % , p a id F e b . 1 9 0 9 .
O n c o m ., 1 s t d i v id e n d , 1 .5 % ,
________
2 1 5 ,0 0 0 ------------------N o te s p a y a b le J u l y 31 1 9 0 9 ________
I c h . 1 9 0 6 ( h a lf p a id In c a s h a n d h a lf In d i v id e n d c t f s .) .
B o n d s . — O f t h e S a v a n n a h E le c tr ic C o . n e w m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 are r e
E a rth q u a ke a n d E ir e .— F o r d a m a g e d o n e b y t h e e a r th q u a k e a n d fire In
s e r v e d t o r e tir e a lik e a m o u n t o f b o n d s o f t h e S a v a n n a h T h u n d e r b o lt A I sle
A p ril 1 9 0 6 . s e e V . 8 2 , p . 9 3 0 , 9 8 8 .
L a te r In t h e y e a r t h e c o m p a n y s u ffe r e d
B o n d s c a n be c a lle d a s a w h o le a t 110 a n d a c c r u e d I n t e r e s t o n
fr o m a s tr ik e o f Its e m p lo y e e s . S e e V . 8 3 , p . 4 9 3 , 5 0 3 .
In M a rco 1 9 0 7 e m o f H o p e R y .
p lo y e e s a g a in w e n t o n s tr ik e , a n d t h is s tr ik e la s t e d fo r s ix m o n t h s — s e e a n y I n te r e s t d a t e . T h e c o m p a n y b in d s I ts e lf t o a p p ly a t le a s t $ 2 0 ,0 0 0 p e r
a n n u m , b e g in n in g 1 9 0 6 , to w a r d I m p r o v e m e n ts o r e x t e n s io n s , o r In t h e p u r
a n n u a l r e n o r t, V . 8 6 . p. 1 2 2 1 .
R E P O R T .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 6 ,8 6 6 ,3 0 3 ; n e t , a f te r c h a s e o f b o n d s. T h e C ity & S u b u r b a n R y . h a s o u t s t a n d in g $ 2 5 0 ,0 0 0 o f 6 %
b o n d s (a fir st m tg e . for $ 2 0 0 ,0 0 0 a n d a s e c o n d m t g e . for $ 5 0 ,0 0 0 ) , a g a in s t
t a x e s , $ 2 ,2 7 5 ,6 3 3 ; o t h e r I n c o m e , $ 1 2 3 ,2 7 2 ; l n t . o n f u n d e d d e b t , $ 1 ,7 7 2 ,3 3 7 ;
w h ic h th e r e h a s b e e n d e p o s ite d s u f fic ie n t s e c u r it y fo r t h e p a y m e n t o f t h e
s in k , fu n d a n d o t h e r l n t . , $ 6 5 3 ,5 5 7 ; d e f ic it , $ 2 6 ,9 8 9 .
G ro ss e a r n in g s in
1 9 0 7 w e r e o n ly $ 4 ,7 4 5 ,1 1 6 , a d e c r e a s e o f $ 1 ,2 1 0 ,6 7 0 , c o m p a r e d w it h 1906 p r in c ip a l a n d In te r e s t o n s a id b o n d s . T h e y are th e r e fo r e o m itted fr o m the
fig u r e s , w h ic h d e c r e a s e w a s la r g e ly d u e to s tr ik e o n l in e s o f c o m p a n y la s t in g above table. T h e r e m a in d e r u n is s u e d o f t h e S a v . E le c , b o n d s m a y be u s e d
for n e w c o n s tr u c t io n a n d e q u ip m e n t , a t r a te o f $ 1 ,0 0 0 b o n d s fo r $ 1 ,2 5 0 In
n e a r ly s ix m o n t h s .
R O A D .— C o n tr o ls a n d o p e r a te s 2 4 9 .7 8 m ile s o f t r a c k .
B e fo r e t h e e a r t h ca sh s p e n t . T h e m tg e . o f th e S a v a n n a h T h u n d e r b o lt A I s le o f H o p e R y .
q u a k e a n d fire In 1 9 0 6 , a p a r t o f t h e m ile a g e c o n s is t e d o f c a b le lin e s , b u t Is for $ 1 ,2 5 0 ,0 0 0 , b u t $ 2 5 0 ,0 0 0 o f t h e b o n d s h a v e b e e n r e tir e d .
S to c k . — T h e 6 % p referred s to c k Is s u b j e c t to c a ll a t 120 a t a n y t im e .
t h is h a s s in c e b e e n c h a n g e d t o o v e r h e a d t r o l l e y , a n d p r a c t ic a lly t h e w h o le
D ivid en d s .— O n p r e f. s to c k 1902 to 19 0 7 I n c lu s iv e , 6% p e r a n n u m p a id .
s y s t e m Is n o w o p e r a te d b y e le c t r ic it y .
F R A N C H I S E S .— I n a r e p o r t b y H a s k in s A S e lls , a c c o u n t a n t s , It w a s N o n e s in c e t o S e p t . 1 9 0 9 .
R E P O R T .— O f t h e c o m b in e d p r o p e r tie s fo r t h e y e a r e n d in g D e c . 31
s t a t e d " t h a t o u t o f t h e t o t a l o r ig in a l m ile a g e o f 2 2 8 .9 5 m ile s , t h e fr a n c h is e s
fo r 1 1 .5 4 3 1 m ile s o n ly e x p ir e p r io r t o 1 9 2 9 ; a ll o t h e r s b e t w e e n t h a t y e a r 1 9 0 8 : G ro ss, $ 5 9 5 ,8 1 9 ; n e t , $ 2 0 6 ,9 8 9 ; I n t e r e s t a n d t a x e s , $ 1 8 6 ,6 1 5 ; I m
p r o v e m e n t fu n d , $ 2 0 ,0 0 0 ; s u r p lu s , $ 3 7 4 .
F o r y e a r e n d in g D e c . 31 1 9 0 7 ,
a n d 1 9 5 2 .”
■ O F F I C E R S .— C h a ir m a n o f B o a r d , C h a s. H o lb r o o k ; P r e s ., P a t r ic k C a l g r o s s, $ 6 0 2 ,3 9 9 ; n e t , $ 1 8 8 ,0 9 0 ' fix e d c h a r g e s , $ 1 6 4 ,0 3 4 ; d l v s . (6 % o n p r e f . ) ,
h o u n ; A s s t , to P r e s ., T h o r n w e ll M u lla lly ; V .- P . a n d G e n . M g r ., C h a rle s N . $ 6 0 ,0 0 0 ; d e f ic it, $ 3 5 ,9 4 4 .
R O A D .— O p e r a te s 5 7 .3 m ile s o f t r a c k In S a v a n n a h a n d v i c i n i t y .
Num
B la c k ; S e c . a n d C o m p tr o lle r , G e o . B . W U lc u tt; T r e a s ., G e o . E . S t a r r .—
G auge, 5 ft.
O p e r a te s 136
V . 8 3 , p . 4 9 3 , 563; V . 8 4 , p . 1 0 4 , 3 9 2 , 5 7 2 , 1 1 15; V . 8 5 , p . 100; V . 8 6 , p . 92 0 ; e r o u s e x t e n s io n s a n d n e w lin e s a re p r o p o s e d .
c a r s.
V . 8 8 , p . 2 3 2 , 4 5 8 , 1 2 5 5 , 1 3 14, 1622; V . 8 9 , p . 52 9 , 8 4 7 .
O F F I C E R S — P r e s ., G eo . J B a ld w in ; V . - P . . C h a s. F . W a lla c e ; T r e a s .,
H e n r y B . S a w y e r ; S e c ., A . M in is; M g r ., M a r cy L . S p e r r y ; G e n . M g rs. a n d
O C E A N S H O R E R A I L W A Y C O .— A t r o lle y r o a d .
T r a n s fe r A g e n t s , S t o n e A W e b s te r , B o s t o n .— V . 8 6 , p . 9 2 0 .
R e o rg a n iza tio n .— C o m p a n y h a v in g In c u r r ed a la r g e f lo a tin g d e b t a n d
c o n t r a c t e d fo r a la r g e a m o u n t o f w o r k , e q u ip m e n t a n d e x t e n s i o n s . It Is p r o
SCRANTON, MISS.
p o s e d to In c o r p o r a te a c o m p a n y a s t h e S a n F r a n c isc o A O c e a n S h o r e R R .,
w h ic h w ill h a v e $ 7 ,5 0 0 ,0 0 0 c o m . a n d $ 7 ,5 0 0 ,0 0 0 5% n o n - c u m . p r e f ., $ 3 ,
P A S C A G O U L A S T R E E T R Y . & P O W E R C O .— A t r o lle y r o a d .
5 0 0 ,0 0 0 1st M . 3 0 - y e a r b o n d s a n d $ 1 5 ,0 0 0 ,0 0 0 c o n s o l, m t g e . b o n d s to t a k e
O R G A N I Z A T I O N .— In c o r p o r a te d In M ississip p i in J a n . 1 9 0 3 .
o v e r t h e O c e a n S h o r e R y . , $ 5 ,0 0 0 ,0 0 0 c o n s o l, m t g e . b o n d s o f n e w c o m p a n y
S T O C K A N D B O N D S .—
D a le.
In terest. O u tsta n d in g .
M a tu r ity .
t o b e e x c h a n g e d . 5 fo r $ , fo r 1 s t m t g e . b o n d s o f O c e a n S h o r e R y . S e e
S to c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 )
$ 5 0 0 ,0 0 0 -------- - - - -
V . 89 , p. 225, 349.
1st m o r tg a g e $ 3 5 0 ,0 0 0 g o ld ! 19 0 4
5 g J -J ..................3 5 0 ,0 0 0 .Jan
1 1929
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo r n ia o n M a y 18 1 9 0 5 .
Sam e
( $ 1 , 0 0 0 ) ......................................c / I n t . a t C o lu m b ia T r . C o ., L o u t s v ., T r u s t e e .
I n te r e s ts c o n t r o l t h e S h o r e L in e I n v e s t m e n t C o ., o w n in g a b o u t 4 ,0 0 0 a c r e s
B o n d s .— N o s in k in g fu n d a n d b o n d s a re n o t s u b j e c t t o c a ll.
o f la n d c o n t ig u o u s t o t h e r o a d .
E A R N I N G S .—-F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 0 9 ,0 4 o ; n e t , $ 3 6 ,0 3 2 ;
F r a n c h ise s In S a n t a C ru z a n d S a n F r a n c is c o r u n f if t y y e a r s .
I n te r e s t, $ 1 7 ,5 0 0 ; s u r p lu s . 5 1 8 ,5 3 2 .
,
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.
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.
STO C K A N D B O N D S—
R a te .
In te re st. O u tsta n d in g .
M a tu r ity .
R O A D .— O p e r a te s 9 .7 m ile s In P a s c a g o u la , S c r a n t o n , E a s t S id e a n d
.................
$ 5 ,0 0 0 ,0 0 0 ................. ..
S t o c k , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................
M oss P o in t . S ta n d a r d g a u g e . 5 0 - lb . r a il.
1st
m o rtg a g e,
5 5 , 0 0 0 ,0 0 0 , f 1 9 0 5
5 g M -N
3,<>00,000 N o v 1 19 3 5
O F F I C E R S .— P r e s ., C h a s. T . B a lla r d , L o u is v ille ; V . - P . a n d G en . M g r .,
g o ld , s in k in g fu n d $ 1 0 0 ___{ l n t . a t M e r c a n tile T r . C o ., S a n F r a n . T r u s .,
S . S . B u s h , L o u is v ille ; S e c ., J . D . W in s to n : T r e a s ., C o lu m b ia T r u s t C o .,
I o r a t U . S . M o r tg a g e A T r u s t C o ., N . Y .
L o u is v ille ; S u p t . , R . A . B o w e r s , S c r a n t o n .— V . 8 2 , p . 5 6 9 .
B o n d s .— A re n o t s u b j e c t t o c a ll. O n e p e r c e n t o f b o n d s o u t s t a n d in g Is
p a y a b le to a s in k in g fu n d fro m 1911 t o 1 9 1 6 , a n d t h e r e a f t e r 2 % p e r a n n u m .
B e s id e s t h e $ 3 ,0 0 0 ,0 0 0 b o n d s In t h e h a n d s o f t h e p u b lic , $ 2 ,0 0 0 ,0 0 0 a r e
SCRANTON PA.
h e ld a s c o lla t e r a l fo r lo a n s .
L A C K A W A N N A & W Y O M IN G V A L L E Y R A P I D T R A N S I T ,— A th ir d
R O A D .— H a s u n d e r c o n s t r u c t io n a d o u b le - tr a c k r o a d fr o m S a n F r a n c isc o
rail r o a d .
„
to S a n t a C r u z . 7 0 - lb . r a ils .
R o a d Is c o m p le t e d fo r 3 8 m ile s s o u t h fr o m
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r t h e G en er a l L a w s o f N e w J e r
S a n F r a n c is c o a n d 14 m ile s n o r t h fr o m S a n t a C ruz; I n t e r m e d ia t e d is t a n c e , s e y In O c t . 1 9 0 0 .
O w n s a ll th e s e c u r it ie s o f t h e L a c k a w a n n a A W y o m in g
2 6 H m ile s , y e t t o b e c o m p le t e d .
V a lle y R R ., t h e S c r a n to n A N o r t h e a s te r n R R ., t h e L a c k a w a n n a T u n n e l
O F F I C E R S .— P r e s , a n d G e n . M g r ., J . D o w n e y H a r v e y ; 1 s t V . - P . , J . A .
C o ., t h e C e n tr a l V a lle y R R . a n d t h e W ilk e s -B a r r e R R ., a n d o p e r a te s t h e m
F o lg e r; 2d V . - P . , H o r a c e D . P U ls b u r y ; S e c . a n d T r e a s .. B u r k e C o r b e t.—
u n d e r le a s e s . T h e L a c k a w a n n a A W y o m in g V a lle y IIR . Is t h e o p e r a t in g
V . 8 1 , p . 559; V . 8 2 . p . 1 6 2 , 5 6 9 , 8 0 5 , 1 4 3 9 ; V . 8 9 , p . 2 2 5 , 3 4 9 .
com pany.
L a c k a w a n n a A W y o m in g V a lle y R R . le a s e s th o C e n tr a l V a lle y
R R ., t h e S c r a n to n A N o r t h e a s te r n R R . a n d W ilk e s - B a r r e R R .
E n t ir e ly
P R E S I D I O & F E R R I E S R A I L R O A D .— T r o lle y .
on p r iv a te r ig h t o f w a y . T h e m tg e . In t a b le b e lo w w a s m a d o In 1 9 0 3 a n d
O R G A N I Z A T I O N .— C h a r te r e d J a n . 6 1 8 8 2 .
M a d e o ffe r to s e ll r o a d t o b o n d s u n d e r It e x c h a n g e d fo r b o n d s o f a n Issu e d a t e d 1901 fo r $ 5 , 0 0 0 ,0 0 0 .
S T O C K A N D B O N D S .^ D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
c i t y In 1 9 0 3 , b u t p r o p o s itio n d e c lin e d b y C ity C o u n c il
$ 6 ,5 0 0 ,0 0 0 ...............- - -
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity . S to c k $ 6 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... ...............................
1 st L ien a n d C on s M tge g o ld ! 190 3
5 g F -A
7 , 5 8 3 ,0 0 0 A u g . 1 195:',
S t o c k (p a r $ 1 0 0 ) ....................................................................... ( 1 0 ,0 0 0 s h a r e s .1 S e e t e x t .
$ 1 0 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ____ c j l n t . a t S t a n d a r d T r u s t C o ., N . Y . , T r u s t e e .
] $55 p a id In. J
S to c k a n d B o n d s . — N o s in k in g fu n d a n d c a n n o t b e c a lle d . , O f th e
F ir s t m t g e $ 3 0 0 ,0 0 0 g ( $ 1 , - / 1 9 0 9
5 g J -D
$ 1 0 ,0 0 0
See tex t
$ 7 ,5 8 3 ,0 0 0 b o n d s r e p o r te d o u t s t a n d in g , $ 8 0 0 ,0 0 0 (" g r e e n " b o n d s) a r e a
0 0 0 ) , s in k in g f u n d ____ c A r \ I n t . a t U n io n T r u s t C o . , S a n F r a n ., t r u s t e e .
B o n d s .— B o n d s o f 19 0 9 t a k e t h e p la c e o f old 1 s t m t g e . , w h ic h w a s c a n p a r t o f a n e a r lie r Issu e (fo r $ 5 ,0 0 0 ,0 0 0 ) c a lle d L a c k a w a n n a A W y o m in g
c e le d .
B o n d s n la tu r e J u n e 3 y e a r ly a s fo llo w s : $ 6 5 ,0 0 0 In 1 9 1 0 , $ 7 5 ,0 0 0 In V a lle y R a p id T r a n s it c o lla t e r a l t r h s t 5 s , d u o 1 9 5 1 , t h e r e m a in d e r h a v in g
b e e n e x c h a n g e d fo r t h e 1 9 5 3 “ b r o w n ” b o n d s . W e s t ln g h o u s e E le c . A M fg .
19 1 1 a n d 1 9 1 2 a n d $ 8 5 ,0 0 0 In 1 9 1 3 .
R O A D .— In S e p t . 190 0 B o a r d o f S u p e r v is o r s g r a n t e d p e r m is s io n t o c o n C o. o w n s $ 6 ,0 0 0 ,0 0 0 o f t h e b o n d s a n d a la r g e p o r t io n o f t h e s t o c k o f c o m
pany.
S ee V . 8 5 , p . 1646.
v e r t r o a d t o o v e r h e a d t r o lle y , w h ic h Is n o w c o m p le t e d . 7 .6 3 m ile s .
1
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E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 0 , g r o s s , $ 5 5 5 ,4 0 2 ; n e t , $ 2 3 0 ,
4 7 6 ; in 1 9 0 7 - 0 8 , g r o s s , $ 5 2 4 ,5 0 9 ; n e t , $ 2 1 0 ,9 3 7 .
„
R O A D .— S c r a n t o n t o P l t t s t o n , 12 m ile s , o p e n e d M a y 16 1 9 0 3 ; S c r a n t o n
t o W ilk e s - B a r r e , 20 m ile s , o p e n e d D e c . 16 1 9 0 3 ; S c r a n t o n t o C a r b o n d a le ,
17 m ile s , n o w u n d e r c o n s t r u c t io n , a n d c o m p le t e d t o D u n m o r e , 3 m ile s .
T o t a l , 4 9 m ile s .
D o u b le t r a c k , la id w it h 9 0 -lb . r a il. S t a n d a r d s t e a m c o n
s t r u c t io n , p r iv a te r ig h t o f w a y .
A s ta n d a r d g a u g e t u n n e l, a b o u t 5 ,0 0 0 f e e t
lo n g , w a s c o m p le t e d In S c r a n t o n In O c to b e r 1 9 0 5 . T h is r e m o v e d t h e o n ly
h e a v y - g r a d e o n lin e b e t w e e n S c r a n to n a n d W ilk e s -B a r r e .
O F F I C E R S .— P r e s ., G e o . C. S m it h , P itt s b u r g h ; V . - P s ., L . A . W a t r e s .
S c r a n t o n , J o h n R . M c G ln le y , P itt s b u r g h ; S e c ., A . W . S e x t o n J r ., 10 B r id g e
S t . , N e w Y o r k ; T r e a s ., C arl M . V a il, N . Y .— V . 7 9 , p . 6 2 7 ; V . 8 5 , p . 1 6 4 6 ;
V . 8 6, p. 547.
(2) Seattle-Tacoma Power Co.
SEATTLE, WASH.
PACIFIC COAST POWER CO.—
O R G A N I Z A T I O N .— O r g a n iz e d In W a s h in g t o n a n d a c q u ir e d fro m
S e a t t l e E le c tr ic C o. a ll la n d s a n d w a t e r -p o w e r p r iv ile g e s o n W h ite R iv e r
o w n e d b y T a c o m a I n d u s tr ia l C o . ( w h ic h l a t t e r c o m p a n y h a d b e e n a c q u ir e d
b y t h e P u g e t S o u n d P o w e r C o ., a s u b s id ia r y o f t h e S e a t t l e E le c tr ic C o .) ,
a n d la n d s o n t h e N ls q u a lly R iv e r ; a ls o a c q u ir e d a ll la n d s a n d w a t e r -p o w e r
p r iv ile g e s o n t h e W h ite R iv e r b e lo n g in g t o S e a t t l c - T a c o m a P o w e r C o .
See V . 8 7 , p . 3 8 .
,,,
In F e b . 1 9 0 8 o ffe r e d t o e x c h a n g e 1 6 ,8 7 5 s h a r e s o f s t o c k fo r l ik e a m o u n t
o f c o m m o n s t o c k o f S e a t t lc - T a c o m a P o w e r C o . a n d 5 1 ,0 9 4 s h a r e s o f s t o c k
fo r 3 7 ,5 0 0 s h a r e s o f c o m m o n s t o c k o f S e a t t l e E le c tr ic C o .
$ 7 0 0 ,0 0 0 s t o c k o f P a c ific C o a s t P o w e r C o . Is h e ld b y t h e P u b lic S e r v ic e
I n v e s t m e n t C o.
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 7 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
S e e t e x t . J u l y l 6 ’0 9 .2 %
N o t e s , 3 - y e a r , 6 % .................................................................
$ 8 7 5 ,0 0 0 - - - - - - - - -
S to c k a n d B o n d s . — I f s t o c k Is a ll e x c h a n g e d fo r c o m m o n s t o c k o f S e a t t le T a c o m a P o w e r a n d S e a t t l e E le c tr ic C o . In th e w a y d e s c r ib e d a b o v e , $ 6 ,7 9 6 ,
9 0 0 w ill b e o u t s t a n d in g .
I n D e c . 1 9 0 8 $ 6 ,7 4 7 ,1 2 0 h a d b e e n e x c h a n g e d .
T h e n o t e s are s e c u r e d b y m o r t g a g e s o n p r o p e r ty a c q u ir e d a n d w e r e Issu ed
In p a y m e n t fo r s a id p r o p e r ty .
___
D iv id e n d s . — F ir s t d iv id e n d — 2 % — p a id J u ly 16 1 9 0 8 ; In 1 9 0 9 , J a n . , 2 % ;
J u ly , 2 % .
_
_
O F F I C E R S .— P r e s ., F r a n k D a b n e y ; V .- P s , W . A . C a r te r a n d W . J .
G ra m b s; T r e a s ., H e n r y B . S a w y e r ; S e c ., A lv a h K . T o d d ; T r a n s fe r A g e n t s ,
S t o n e & W e b s te r , B o s t o n .— V . 8 6 , p . 1 5 92; V . 8 7 , p . 3 8 .
(1) T h e S e a t tle E le c tr ic C o .— A tr o lle y r o a d .
C o n tr o l w a s a c q u ir e d b y P a c ific C o a s t P o w e r C o . In 1 9 0 8 .
S e c V . 8 7 ,p .3 9 .
O R G A N I Z A T I O N .— T h is c o m p a n y , w h ic h w a s In c o r p o r a te d In t h e S t a t e
o f W a s h in g to n o n J a n . 3 1 9 0 0 , Is a c o n s o lid a t io n o f n e a r ly a ll th e s t r e e t r y s.
(a ll e x c e p t o n e s m a ll road ) a n d c le c t r lc - llg h t I n te r e s ts In a n d a r o u n d t h e c it y
o f S e a ttle .
In 1 9 0 0 w a s g r a n t e d a 3 5 - y e a r fr a n c h is e o v e r a ll Its lin e s , b u t
m u s t s e ll 2 5 t ic k e t s fo r $ 1 . L ig h t in g fra n ch ise e x p ir e s In 1 9 5 2 . I n F e b . 1901
t h e fir st m o r t g a g e b o n d s w e r e lis t e d o n t h e B o s t o n S t o c k E x c h a n g e .
$ 1 0 0 ,0 0 0 c o m m o n s to c k Is h e ld b y t h e P u b lic S e r v ic e I n v e s t m e n t C o .
G u a r a n te e s t h e S e a t t le R a ilw a y C o . b o n d s , p r in c ip a l a n d in te r e s t.
O w n s t h e c a p ita l s to c k o f t h e P u g e t S o u n d P o w e r C o . a n d t h e S e a t t lc E v e r e t t T r a c t io n C o.; la t t e r c o m p a n y o w n s c a p ita l s t o c k o f t h e P u g e t
S o u n d I n t e r n a t io n a l R a ilw a y & P o w e r C o ., w h ic h le a s e s t h e E v e r e t t R a il
w a y , L ig h t & W a te r C o . T h e f o llo w in g c o m p a n ie s h a v e b e e n a c q u ir e d :
T h ird S t r e e t & S u b u r b a n R y . C o .
S e a t tle T r a c t io n C o .
U n io n E le c tr ic C o .
W e s t S t . fc N o r th E n d E le c tr ic R y .
B u rk e B lo c k L ig h t in g P l a n t .
M a d iso n S t r e e t C a b le R y . C o .
F ir st A v e n u e C a b le R y .
U n io n T r u n k L in e .
G ra n t S t r e e t E le c tr ic R y .
C o n su m e r s ’ E le c tr ic C o.
J a m e s S t r e e t C o n s tr u c tio n C o .
G reen L a k e E le c tr ic R y .
T h e S e a t t le R a ilw a y C o.
N o r th S e a t t le C a b le R y .
S e a t tle C e n tr a l R a ilw a y C o .
S e a t t le S t e a m H e a t & P o w e r C o .
F o r Issu es o f b o n d s s e c u r e d b y m o r t g a g e o n S e a t t l e - E v e r e t t T r a c t io n C o .
s e e s t a t e m e n t o f la t t e r c o m p a n y b e lo w .
STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r it y .
C o m m o n , $ 7 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
Q -J 1 5
$ 5 , 0 6 9 , 3 0 0 O c t .l 5 ’0 9 , l /*
0 A -O
5 , 0 0 0 ,0 0 0 O c t . '0 9 , 3%
P r e f., $ 5 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) 6 % n - c . ____
F ir st m o r t g a g e , $ 5 ,0 0 0 ,0 0 0 / 1 9 0 0
5 g F -A
5 ,0 0 0 ,0 0 0 F e b . 1 1 9 3 0
( $ 1 ,0 0 0 ) g o l d ____________ c * \ I n t . a t B o s to n S a fe D c p . & T r . C o .. T r u s t e e .
.
C o u p o n n o t e s , $ 1 , 0 0 0 ,0 0 0 ,/ 1900
5 g F -A
1 ,0 0 0 ,0 0 0 F e b . 1 1911
(rold
________ ______ _ c \ l n t e r c s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e .
C o n so l & r e f m t g e , $ 2 5 ,0 0 0 ,- / 19 0 7
5 g F -A
5 ,0 0 0 ,0 0 0 A u g
11929
0 0 0 ( $ 1 ,0 0 0 ) , g o l d ___ c * & r i 0 1 d C o lo n y T r u s t C o ., B o s t o n , T r u s t e e .
N o t e s p a y a b le J u ly 31 1 9 0 9 -------------------------5 5 1 ,0 2 8 ------------------B o n d s . — T h e m o r tg a g e s o n m o s t o f t h e c o n s o lid a t e d c o m p a n ie s h a v e b e e n
d is c h a r g e d , a n d c o m p a n ie s tu r n e d o v e r t o t h e S e a t t le E le c tr ic C o . o u t r ig h t :
th e o th e r s are o p e r a te d b y t h e E le c tr ic C o . a s o w n e r o f p r a c tic a lly a ll o f t h e
s t o c k a n d b o n d s . S in k in g fu n d — o n 1 s t m tg e . o f 1 % o f t h e e n tir e a m o u n t
o f t h e b o n d s o u t s t a n d in g - I s p a y a b le y e a r ly a n d $ 5 0 2 ,0 0 0 b o n d s w e r e h eld
b y t h e t r u s t e e J u ly 1 9 0 9 , c a n be c a lle d a s a w h o le o n a n y l n t . ( la t e a t 110
a n d I n te r e s t. T h e c o n s o l, a n d r e f. m t g e . b o n d s c a n b e c a ll e d In a m o u n t s
n o t le s s t h a n $ 5 0 0 ,0 0 0 (a n d In s m a lle r a m o u n t s fo r s in k in g fu n d p u r p o se s)
a t 1 0 5 a n d i n t . o n a n y i n t . d a y b e g in n in g A u g . 1 1 9 12; o f t h e b o n d s t h u s
fa r I s s u e d , $ 1 , 5 0 0 ,0 0 0 a r e c o n v e r tib le a t o p t io n o f h o ld e r In to c o m m o n s t o c k
a t $ 1 1 0 p e r s h a r e p r io r t o A u g . 1 1 9 1 2 — $ 7 7 ,0 0 0 h a s b e e n s o c o n v e r te d —
$ 9 ,2 4 9 ,0 0 0 a r e r e s e r v e d t o r e tir e p r io r lie n s , a n d r e m a in d e r fo r fu tu r e e x t e n
s io n s a n d I m p r o v e m e n ts a t 8 0 % o f c o s t , If n e t fo r I m m e d ia te ly p r e c e d in g
y e a r s h a ll b e 1
t im e s t h e a n n u a l l n t . c h a r g e s u p o n a ll t h e c o m p a n y ’s
fu n d e d d e b t.
S in k . f d . o f 1 % p e r a n n u m s t a r t e d O c t. 1 1 9 0 9 .
V . 85 , p.
2 2 2 . T h e n o t e s a r e s u b j . to c a ll o n a n y I n t. d a t e In w h o le o r in p a r t a t 1 0 2 14
a n d I n t.; n o t e s a r e e q u a lly s e c u r e d w it h t h e c o n s o l, a n d r e f. m t g e . b o n d s .
S to c k . — P r e fe r r e d s to c k Is r e d e e m a b le a t 1 2 0 .
D iv id e n d s . — F ir st d iv id e n d o f 1 'A % o n p r e fe r r e d s t o c k w a s p a id A p r il
1901.
D iv id e n d s c h a n g e d t o h a lf- y e a r ly , a n d 3 % p a id O c t . 1 1 9 0 1 ; In 1 9 0 2
6 % ; In 1 9 0 3 , 6% ; In 1 9 0 4 , 6 % : In 1 9 0 5 . 6 % ; In 1 9 0 6 , 6 % ; In 1 9 0 7 , (5%;
In 1 9 0 8 , 0 % ; In 1 9 0 9 , A p r il, 3 % ; O c t ., 3 % .
O n c o m m o n , fir st d iv id e n d ,
2 % % , p a id J u ly 1 9 0 8 ; In 1 9 0 9 , J a n . , 2 J * % ; J u l y , 3 % . D iv id e n d s In
c r e a s e d a n d c h a n g e d to q u a r t e r ly a n d 1 /4 % p a id O c t . 1 9 0 9 .
R E P O R T .— F o r y e a r e n d in g D e c . 31 1908:
Y e a r __
1908
1907
G ross.
$ 4 ,5 2 0 ,4 8 9
3 ,9 4 9 ,4 3 4
N e t.
$ 1 ,8 5 0 ,2 3 7
* 1 ,2 6 4 ,4 9 3
C harges, taxes
a n d s in k . fu n d .
$ 1 ,0 9 0 ,6 4 6
4 9 0 ,3 5 0
D iv id e n d s . S u r p lu s .
$ 4 3 7 ,5 0 0
3 0 0 ,0 0 0
$ 3 2 2 ,0 9 1
4 7 4 ,1 4 3
* A fter ta x e s .
R O A D .— O w n s a n d o p e r a te s 182 m ile s o f s in g le t r a c k , o f w h ic h 1 3 .5
a r c o p e r a te d b y c a b le . R a lls , m o s t ly 8 0 - lb . T ra il In p a v e d s t r e e t s a n d 60
to 72 lb s . e ls e w h e r e .
G a u g e , 3 fe e t ( c a b le ) , 3 f e e t 6 In c h e s (c a b le ) a n d
4 f e e t 8 'A In c h e s ( e l e c t r i c ) . O w n s 4 2 7 p a s s e n g e r ca rs a n d 68 m is c e lla n e o u s .
O w n s 3 p a rk s: a ls o a c o a l m in e h a v in g a n o u t p u t In 19 0 8 o f 1 3 0 ,4 6 9 t o n s .
O F F I C E R S .— P r e s ., J a c o b F u r th ; T r e a s ., H e n r y B . S a w y e r ; S e c .,
J a m e s I). H o w e ; M g r ., E d w a r d P o tte r ; G en . M g rs. a n d T r a n s . A g t s .,
S t o n e & W e b s te r , B o s t o n , M a s s.— V . 8 5 , p . 2 2 2 ; V . 8 6 , p . 1 2 8 6 ; V . 8 7 ,
p . 3 8 , 814; V . 8 8 , p . 5 6 5 , 1062; V . 8 9 , p. 4 1 2 .
(a) S e a t tle R a ilw a y Co.— A c a b le r o a d .
O R G A N I Z A T I O N .— T h is w a s t h e S e a t tle C ity R y . . w h ic h , t o g e t h e r w it h
L c sc h l P a r k , w a s p u r c h a s e d a t fo r e c lo su r e o n S e p t . 21 1 9 0 1 .
I n O c t . 1901
w a s r e -ln c o r p o r a te d In W a s h in g to n u n d e r t h e a b o v e t i t l e .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
sto ck , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 5 0 0 ,0 0 0 .........................
F ir s t m o r t g a g e , $ 5 0 0 ,0 0 0 , g f 1901
5 g M -N
5 0 0 ,0 0 0 N o v . 1 1921
( $ 1 ,0 0 0 ) g u a r p & 1______c* i I n t . a t B o s t o n S a fe D e p . & T r . C o ., B o s t .,T r .
B o n d s .— S in k in g fu n d Is 1% o f b o n d s c e rtifie d ; InJJuly 190 9 $ 3 8 ,0 0 0 w e r e
h e ld In s in k in g fu n d ; b o n d s c a n b e c a lle d a s a w h o le a t 110 a n d i n te r e s t o n
t w o w e e k s ’ n o t ic e .
R O A D .— O w n s a b o u t 5 m ile s o f c a b le ro a d In S e a t t l e , k n o w n a s t h e
Y e s le r A v e n u e a n d J a c k s o n S t r e e t lin e s .
V . 73 , p . 1062.
(b) Puget Sound Power Co.—
O R G A N I Z A T I O N .— In c o r p o r a te d In W a s h in g to n In 1 9 0 2 a n d Is s u c c e s s o r
t o th e P ie r c e C o u n ty I m p r o v e m e n t C o .
T o o k o v e r th e T a c o m a I n d u s t r ia l
C o ., w h ic h c o m p a n y w a s I n c o r p o r a te d In W a s h in g to n in 1 9 0 2 . a n d a c q u ir e d
v a lu a b le la n d s a n d w a t e r -p o w e r p r iv ile g e s o n t h e W h ite R iv e r n e a r S e a t t l e ,
b u t th e s e la n d s a n d w a t e r -p o w e r p r iv ile g e s w e r e In 19 0 8 s o ld t o t h e P a c if ic
C oast P o w er C o.
V . 87, p . 38.
S e lls p o w e r t o th e S e a t t l e E l e c t r ic C o s .
a n d th e P u g e t S o u n d E le c tr ic R y .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 1 ,0 0 0 ,0 0 0
..........................
F ir st m o r t g a g e , $ 4 , 0 0 0 ,0 0 0 ,/ 1 9 0 3
5 g J -D
3 ,1 8 4 ,9 0 0
J u n c l 1033
g o ld ( $ 1 ,0 0 0 ) g u a r .............. c * \ I n t . a t O ld C o lo n y T r u s t C o ., B o s t o n . T r u s .
B o n d s . — B o th p r in c ip a l a n d In t , a s w e ll a s s in k in g fu n d p a y m e n t s , a r e
g u a r a n t e e d b y t h e S e a t t l e E le c tr ic C o . C an b e e x c h a n g e d fo r S e a t t l e E le c ,
c o m . c o n s o l, a n d r e f. 5 % b o n d s , p a r fo r p a r . A s in k in g fu n d o f 1 % p e r
a n n u m o f b o n d s o u t s t a n d in g c o m m e n c e d M ch . 1 1 9 0 6 , w h ic h Is t o b e In
v e s t e d In t h e b o n d s a t n o t m o r e t h a n 1 1 0 a n d In te r e s t; $ ' 2 9 ,0 0 0 r e tir e d u p t o
J u ly 1 9 0 9 .
I f b o n d s c a n n o t b e b o u g h t a t t h a t p r ic e , t h e y m a y b e d r a w n
b y l o t fo r r e d e m p t io n . E n t ir e Issu e Is s u b j e c t t o c a ll o n a n y I n t e r e s t d a t e
u p o n 7 0 d a y s ’ n o t ic e a t 110 a n d I n t e r e s t .
P L A N T .— O p e r a te s a p o w e r p la n t a t E le c tr o n , In P ie r c e C o u n ty , o n t h e
P u y a llu p R iv e r . C a p a c it y 1 4 ,0 0 0 k . w .
O F F I C E R S .— P r e s ., C h a s. F . W a lla c e ; V . - P . , H u g h A . T a lt ; S e c .,
L e s lie R . G ra n t; T r e a s ., H e n r y B . S a w y e r ; G e n . M g r s., S t o n e & W e b s te r ,
B o s t o n .— V . 7 7 , p . 4 5 4 .
O R G A N I Z A T I O N .— I s a c o n s o lid a t io n o f S n o q u a lm le F a lls P o w e r C o .,
S e a t t l e C a ta r a c t C o ., T a c o m a C a t a r a c t C o ., a n d a c q u ir e d W h ite R i v e r
P o w e r C o . O w n s a p l a n t fo r g e n e r a tio n o f e le c t r i c it y o n S n o q u a lm le R i v e r
a n d s u p p lie s l ig h t a n d p o w e r In S e a t t l e a n d T a c o m a .
V. 81, p. 781.
In
1 9 0 8 s o ld r ig h ts a n d w a t e r p r iv ile g e s o n W h i t e R iv e r t o P a c ific C o a s t
P o w er C o.
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r it y .
________
$ 2 ,2 5 0 ,0 0 0 _____________
C o m m o n . $ 2 ,2 5 0 ,0 0 0 . _______________
P r e fe r r e d , $ 1 ,2 5 0 ,0 0 0 6 % .................................................
1 ,2 5 0 ,0 0 0 - .......................
F ir s t m o r t g a g e $ 7 ,5 0 0 ,0 0 0 ____ 1 9 0 5
5
1 ,9 8 2 ,0 0 0 J u n e 1 1 0 2 5
S n o q u a lm le F a lls P o w e r 1 s t M ____
5
3 5 0 ,0 0 0 ____________
B o n d s . — $ 3 5 0 ,0 0 0 fir s t m o r t g a g e b o n d s a r e r e s e r v e d to r e tir e S n o q u a lm le
F a lls P o w e r b o n d s w h ic h a r e o p t io n a l a t 1 0 5 a n d I n te r e s t N o v . 1 1 9 0 9 .
— V . 81. p . 781, V . 82, p . 1273.
SEATTLE-EVERETT TRACTION CO.
O R G A N I Z A T I O N .— C o m p a n y o w n s t h e c a p it a l s t o e k o f t h e P u g e t
S o u n d I n t e r n a t io n a l R a ilw a y & P o w e r C o .
STOCKS A N D B O N D S.
D a te .
In te re st. O u tsta n d in g .
M a tu r it y •
S t o c k $ 1 , 7 5 0 ,0 0 0 ( $ 1 0 0 ) _______ ______
____________ $ 1 ,7 5 0 ,0 0 0 _______ ______
M tg e . $ 5 ,0 0 0 ,0 0 0 g o l d -----------/ 1 9 0 9
5 M -S
1 ,6 0 0 ,0 0 0
M ch 1 1 9 3 9
( $ 1 ,0 0 0 & c .) -------------------c & r \ C l t y T r u s t C o ..B o s t o n , M a s s .., T r u s t e e .
B o n d s . — B o n d s a r e a d ir e c t o b lig a t io n o f t h e S e a t t l e E le c tr ic C o ., a n d
b e s id e s b e in g a 1 s t m t g e . o n t h e S e a t t l e - E v e r e t t T r a c t io n a r e a d d i t io n a l ly
s e c u r e d b y t h e p le d g e o f t h e e n t ir e is s u e ( $ 2 0 0 ,0 0 0 ) o f s t o c k o f t h e P u g e t
S o u n d I n t e r n a t io n a l R y . & P o w e r C o . a n d $ 4 0 0 ,0 0 0 c o n s o l, m t g e . b o n d s
o f t h e E v e r e t t R y . , L ig h t & W a t e r C o . T h e r e m a in in g $ 3 , 4 0 0 ,0 0 0 c a n o n ly
b e Is su e d u n d e r c e r ta in r e s t r ic t io n s .
A s in k in g fu n d o f 1 % o n a m o u n t o f
b o n d s o u t b e g in s M ch . 1 1 9 1 4 .
B o n d s a r e c a lla b le a s a w h o le or fo r s in k in g
fu n d a t 105 a n d a c c r u e d I n te r e s t o n or a f te r M ch 1 1 9 1 4 . S e e V . 8 8 . p . 1 0 6 2
fo r fu ll d e s c r ip t io n o f b o n d s .
R O A D .— I s b u ild in g a r o a d o f 3 0 m ile s b e t w e e n S e a t t l e a n d E v e r e t t , o f
w h ic h 17 m ile s n o r th fr o m S e a t t le Is In o p e r a tio n .
E x p ec te d to b e c o m
p le te d t o E v e r e t t b y N o v . 1 9 0 9 .— V . 8 8 , p . 1 0 6 2 .
(1) P u g e t S o u n d I n t e r n a t io n a l R a ilw a y & P o w e r C o .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a in e J u n e 5 1 9 0 7 to o w n . o p e r a t e
a n d d e v e lo p e le c t r ic r a ilw a y , l ig h t in g , g a s a n d w a t e r p o w e r p r o p e r tie s In
t h e P u g e t S o u n d d i s t r i c t , a n d b u ild a r o a d b e t w e e n S e a t t l e . E v e r e t t a n d
B e llin g h a m , W a s h .
V . 8 5 , p . 7 2 3 . S t o c k ($ 2 0 0 ,0 0 0 ) Is a ll o w n e d b y t h e
S e a t t l e E le c tr ic C o . O p e r a te s u n d e r le a s e E v e r e t t R y . L t . & W a t e r C o.
V . 88, p. 1062.
O F F I C E R S .— P r e s ., E r n e s t W . P u r d y , B e llin g h a m ; V . - P ., G u y F..
T r ip p ; S e c ., A lv a h K . T o d d ; T r e a s ., H e n r y B . S a w y e r ; G e n . M r g s., S t o n e
& W e b s te r , B o s t o n . V . 8 7 . p . 9 3 6 : V . 8 8 . p . 1 0 6 2 .
(a) Everett Railway, Light & Water Co.
L ea sed . — R o a d Is o p e r a t e d u n d e r le a s e b y t h e P u g e t S o u n d I n t e r n a t io n a l
R y . & P o w e r C o . fo r 9 9 9 y e a r s .
L e a s e r e q u ir e s p a y m e n t o f a ll fix e d c h a r g e s
a n d 3 % d l v . o n s to c k In 1 9 0 9 , 4 % In 1 9 1 0 a n d 5% t h e r e a f t e r .
V. 88, p.
1061.
O R G A N I Z A T I O N .— I n c o r p o r a te d In D e la w a r e o n F e b . 2 2 1 9 0 5 a n d Is a
c o n s o lid a t io n o f t h e E v e r e t t R y . & E le c . C o . a n d t h e E v e r e tt W a t e r C o.
O w n s e n tir e e le c t r ic - r a ilw a y s y s t e m o f E v e r e t t a n d L o w e ll, a n d d o e s g r e a te r
p o r tio n o f e le c t r ic - lig h tin g b u s in e s s In E v e r e t t . L o w e ll a n d M a r y s v ille .
O w n s p u b ic w a t e r s u p p ly s y s t e m t h r o u g h o u t E v e r e t t a n d L o w e ll.
R a il
w a y fra n ch ises e x p ir e 1 9 4 4 a n d 1 9 5 0 ; lig h t in g f r a n c h is e e x p ir e s 1 9 5 0 a n d
w a te r fra n ch ise 1 9 4 5 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k . $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................
$ 2 ,0 0 0 ,0 0 0 ........................
1 st
m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 .1
1905
5 g A -O
6 7 5 ,0 0 0 A p ril 1 1 9 2 5
g o ld ( $ 1 ,0 0 0 ) _____________ c / I n t . a t M a n h a t ta n T r . C o .. N . Y ., T r u s t e a
E v e r e tt R y & E le c tr ic 1 s t)
19 0 1
5 g A -O
8 2 5 .0 0 0 A p r il 1 1921
m o r t g a g e . $ 1 ,0 0 0 ,0 0 0 , g o l d ) I n t . a t M a n h a tta n T r . C o ., N Y . , T r u s t e e .
( $ 1 , 0 0 0 ) ____________________ J N o s in k in g fu n d a n d n o t s u b j e c t t o c a ll.
E v e r e tt W a t e r C o 1 s t m t g e .l
1901
5 g J-.J
5 0 0 .0 0 0 J u ly
1 1921
$ 6 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) _______ c ’ J I n t . a t M a n h a t ta n T r . C o .. N . Y ., T r u s t e e .
5%
.................... F e b . 1 1941
C o n so l, m t g e . $ 4 , 0 0 0 ,0 0 0 ............ 1 9 0 9
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 m o r t g a g e , $ 1 ,3 2 5 ,0 0 0 a r e r e se r v e d t o
retir e p rio r lie n s .
N o s . f ., b u t b o n d s s u b j e c t t o c a ll o n a n y l n t . d a t e u p o n
6 0 d a y s ’ n o t ic e a t 1 0 7 H a n d I n t e r e s t .
O f t h e $ 4 ,0 0 0 ,0 0 0 c o n s o l, m o r t g a g e
t h e I n itia l Issu e o f b e t w e e n $ 4 0 9 ,0 0 0 a n d $ 5 0 0 ,0 0 0 w ill b e p le d g e d u n d e r
t h e S e a t t l e - E v e r e t t m o r t g a g e o f 1 9 0 9 , $ 2 ,0 0 0 ,0 0 0 w ill b e r e s e r v e d fo r p r io r
lie n s , a n d t h e r e m a in d e r fo r a d d it io n s a n d I m p r o v e m e n t s . V . 8 8 , p . 1 0 6 1 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 3 6 1 ,0 4 2 ; n e t , $ 1 8 2 ,3 4 4 ;
In 1 9 0 7 , g r o s s , $ 3 5 0 ,1 8 9 ; n e t , $ 1 9 8 ,5 3 6 .
R O A D .— O p e r a te s 19 3 m ile s o f t r a c k In E v e r e t t , I n c lu d in g b r a n c h t o
A
L o w e ll a n d S n o h o m is h , 6 .1 9 m ile s , le a s e d fr o m t h e N . P . R R . C o . fo r 3
y e a r s w it h p r iv ile g e o f r e n e w in g fo r 7 y e a r s m o r e . S t a n d a r d g a u g e . 30 c a r s.
O F F I C E R S .— P r e s ., J . T . M c C h e s n e y . E v e r e tt : V . - P ., L . S . D u r y e e
a n d H . P . S c o t t ; S e c . a n d T r e a s ., E d w a r d C . M o n y , E v e r e t t ; M g r ., W . I .
S t u r t e v a n t .— V . 8 0 , p . 2 2 1 9 ; V . 8 8 , p . 1 0 6 1 .
SEATTLE RENTON & SOUTHERN RY.—T r o lle y .
I n M a y 190 6 c o n t r o l c h a n g e d h a n d s a n d n e w o f fic e r s e le c t e d a s b e lo w .
See V . 8 2 , p . 1 1 5 8 .
O R G A N I Z A T I O N .— S u c c e s so r In F e b . 1 9 0 3 t o t h e S e a t t l e & R e n t o n R y . ,
w h ic h la tt e r In 1 8 9 9 p u r c h a s e d t h e ro a d a n d fra n ch ise s o f S e a t t l e & R a in ie r
B e a c h R y . , fo r m e r ly t h e R a in ie r A v e n u e E le c tr ic R y . , fo r e c lo se d
The
S e a t tle & R a in ie r B e a c h , h o w e v e r , m a in t a in s Its c o r p o r a te e x is t e n c e .
leranchiscs fro m S e a t t le t o R e n t o n h a v e b e e n e x t e n d e d t o D e c . 31 1 9 3 4 .
C o m p a n y h a s a ls o a c q u ir e d fra n ch ises fo r s a m e p e r io d c o v e r in g 12 m ile s
a d d it io n a l tr a c k , 9 o f w h ic h w ill b e In c it y o f S e a t t l e , a n d In r e tu r n c o m p a n y
p a y s c i t y 2% o f g r o s s r e c e ip t s u n t il D e c . 31 1 9 1 9 a n d 3 % t h e r e a f t e r .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n , $ 1 , 0 0 0 ,0 0 0 ...........................................................
$ 1 ,0 0 0 ,0 0 0
.......................
.................
2 5 0 .0 0 0
____________
P r e fe r r e d , $ 2 5 0 ,0 0 0 ...................... .............
F ir s t
m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 ) 1 9 0 8
5 g M -N
7 5 ,0 0 0
See te x t.
( $ 1 ,0 0 0 a n d $ 5 0 0 ) g o l d - . c * ) F lr s t T r . & S a v . B k ., C h ic ., T r u s .
In t. a t
j
F ir s t N a t . B k ., C h ic .. A 1 st N . B . . N . Y .
B o n d s . — O f t h e $ 1 ,0 0 0 ,0 0 0 b o n d Issu e o f 1 9 0 8 , $ 5 0 0 ,0 0 0 w e r e Issu e d to
r e tir e p r io r l ie n s a n d flo a t in g I n d e b t e d n e s s a n d $ 2 2 5 ,0 0 0 h a v e b e e n Issu e d
fo r n e w e q u ip m e n t a n d I m p r o v e m e n ts; $ 2 7 5 ,0 0 0 a r e r e se r v e d fo r f u tu r e
e x t e n s i o n s a n d I m p r o v e m e n t s a t 70% o f c o s t a n d o n ly to b e Issu e d u p o n
a p p r o v a l o f P e a b o d y , H o u g h t e lln g & C o ., w h o o ffe r e d t h e b o n d s fo r s a le In
1 9 0 8 . T h e fir st $ 7 2 5 ,0 0 0 m a tu r e $ 3 0 ,0 0 0 M a y 1 1 9 1 3 , $ 4 0 ,0 0 0 M a y 1 1 9 1 4 ,
$ 5 0 ,0 0 0 e a c h o n M a y 1 1 9 1 5 , 1 9 1 6 a n d 1 9 1 7 , $ 6 0 ,0 0 0 y e a r ly e a c h M a y 1
1 9 1 8 to 1 9 2 3 I n c lu s iv e . $ 7 0 ,0 0 0 M a y 1 1 9 2 4 , $ 7 0 ,0 0 0 M a y 1 1 9 2 5 a n d $ 5 ,0 0 0
M ay 1 1926.
T h e r e m a in in g $ 2 7 5 ,0 0 0 , If I s su e d , w ill m a tu r e $ 6 5 ,0 0 0
M a y 1 1 9 2 6 a n d $ 7 0 ,0 0 0 e a c h M a y 1 1 9 2 7 , 1 9 2 8 a n d 1 9 2 9 . T h e y a r e
subject to call M a y 1 19 1 3 o r a n y I n t e r e s t d a t e t h e r e a f t e r a t 1 0 5 a n d I n t e r e s t .
V . 8 6 , p . 1 4 68; V . 8 9 , p . 4 7 0 .
E A R N I N G S .— F o r y e a r e n d in g J a n . 31 1 9 0 9 : G r o s s , $ 1 9 3 ,2 1 8 ; n e t ,
$ 7 8 ,8 2 1 .
I n 1 9 0 7 - 0 8 , g r o s s , $ 1 8 2 ,2 9 5 ; n e t , $ 7 1 ,0 8 9 .
R O A D .— 22 m ile s o f t r a c k , fro m S e a t t le v ia C o lu m b ia C it y a n d D u n la p
to R e n to n .
R a lls , 56 t o 6 0 - lb . T a n d g ir d e r . S t a n d a r d g a u g e ; 26
p a s s e n g e r a n d 3 5 fr e ig h t c a r s.
O F F I C E R S .— P r e s ., W . H . C r a w fo r d : V . - P .. M orris B . S a c h s ; S e c . a n d
T r e a s ., J u liu s F . H a le : G en . M g r.. D . D o w E g a n .— V . 8 2 , p . 1 6 2 , 2 8 1 , 1 1 5 8 .
V . 8 6 , p . 1468; V . 8 9 , p . 4 7 0 , 9 1 9 .
PUGET SOUND ELECTRIC RY,— T h ir d -r a il a n d t r o l l e y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n D e c . 5 1 9 0 2 a n d
a c q u ir e d t h e S e a t tle -T a c o m a I n te r u r b a n R y .
O w n s t h e c a p ita l s t o c k ,
a ll t h e n o t e s a n d $ 2 6 4 ,0 0 0 o f t h e b o n d s o f t h e T a c o m a R y . & P o w e r C o.
A ls o p u r c h a s e d In 1 9 0 9 t h e P a c ific T r a c t io n C o . o f T a c o m a . V . 8 9 , p . 3 4 9 .
P r iv a te r ig h t o f w a y .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m , J 3 .5 0 0 .0 0 0 ( $ 1 0 0 ) _______ ______
J -J
$ 3 , 5 ) 0 , 0 0 0 ..........................
P r e f 6 % , n o n - c u m . $ 3 , 0 0 0 , - 1 ____
6 J -J
6 2 5 ,0 0 0 J u l y ’0 9 , 3 %
0 0 0 ( $ 1 0 0 ) ......................... ..........(
.
1 s t c o n s M , $ 5 ,5 0 0 ,0 0 0 , g o ld !
1 0 0 3 5 g F -A
4 , 1 3 3 ,0 0 0 F e b 1 1 9 3 2
( $ 1 , 0 0 0 ) _______ __________ c * /I n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e .
C o u p o n n o t e s , g o ld , c o n v , )
1 9 0 6 5 g F -A
1 ,0 0 0 ,0 0 0 F e b 1 1911
$ 1 ,0 0 0 ,0 0 0 .............. .................. ( I n te r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e .
C o u p o n n o t e s , g o ld , c o n v .J
1 9 0 7 5 g F -A
5 0 0 ,0 0 0 F e b 1 1 9 1 2
$ 1 ,0 0 0 ,0 0 0 ................... .............lI n t e r e s t a t C it y T r u s t C o .. B o s t o n , T r u s t e e .
N o t e s p a y a b le J u l y 31 1 9 0 9 __________________________
5 6 5 ,0 0 0
------------------B o n d s . — O f t h e n e w $ 5 ,5 0 0 ,0 0 0 m o r t g a g e , $ 1 , 2 3 6 ,0 0 0 a r e r e s e r v e d to
r e tir e a lik e a m o u n t o f T a c o m a R y . A P o w e r C o . b o n d s , a n d $ 1 3 1 ,0 0 0 h a d
b e e n r e tir e d b y s in k in g fu n d to S e p t . 1 9 0 9 . T h e 1 9 0 3 b o n d s a r e s u b j e c t
t o c a ll a s a w h o le o n a n y I n t e r e s t d a t e a t 1 1 0 a n d I n t e r e s t .
A s in k in g fu n d
o f 1% o f b o n d s c e r tifie d b e g a n J a n . 1 1 9 0 7 .
B o th th e 1907 a n d 1906
n o t e s a r e c a lla b le a s a w h o le o r In p a r t o n a n y I n te r e s t d a t e a t 1 0 2 A a n d
l
I n t e r e s t . T h e n o t e s o f 1 9 0 7 a r e c o n v e r tib le a t o p t io n o f h o ld e r a t p a r o n
o r a f t e r F e b . 1 190 9 In to 10 s h a r e s 6 % p r e fe r r e d s t o c k .
T h e 1 9 0 6 n o t e s a re
c o n v e r t ib le o n o r a f te r F e b . 1 1 9 0 8 .
P referred stock Is r e d e e m a b le a t 1 1 0 .
D iv id e n d s .— F ir s t d iv id e n d o n p r e f. s t o c k — 3 % — p a id J u ly 2 1 9 0 6 . In
1 9 0 7 , 6 % ; In 1 9 0 8 , 6 % ; In 1 9 0 9 , J a n . , 3 % ; J u l y , 3 % .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 1 ,6 9 4 ,9 7 3 ; n e t ,
$ 5 9 8 ,2 2 6 ; I lx c d c h a r g e s , $ 4 6 8 ,4 4 6 ; s in k in g f u n d , $ 4 6 ,6 9 4 ; d iv id e n d s (6 % )
o n p r e f., $ 3 0 ,0 0 0 ; s u r p lu s , $ 5 3 ,0 8 6 .
R O A D .— O p e r a te s a t h ir d -r a il I n te r u r b a n lin e fr o m S e a t t l e t o T a c o m a ,
w it h a b r a n c h t o R e n t o n .
I n te r u r b a n s y s t e m , 7 1 .0 1 m ile s; T a c o m a s y s t e m ,
1 0 8 .5 5 m ile s; t o t a l , 1 7 9 .5 6 m ile s . S t a n d a r d g a u g e . R a lls , 7 0 - lb .
153
p a s s e n g e r c a r s , 2 9 0 m is c e lla n e o u s c a r s.
O F F I C E R S .— P r e s .. J a c o b F u r th ; 1 s t V . - P ., G u y E . T r ip p ; 2d V . - P .,
C h a rle s S p r a g u e ; T r e a s ., H e n r y B . S a w y e r ; S e c ., A lv a h K . T o d d ; G en .
M grs. a n d T r a n s fe r A g e n t s , S t o n e A W e b s te r , B o s t o n .— V . 8 2 , p . 1 2 6 9 .
V . 8 4 , p . 8 6 9 ; V . 8 7 , p . 39; V . 8 9 , p . 3 4 9 .
(1)
T a c o m a R a ilw a y & P o w e r C o .
O R G A N I Z A T I O N .— F r a n c h is e s a v e r a g e 3 5 y e a r s fr o m J a n . 1 1 9 0 6 .
D o e s a n e le c t r ic r a ilw a y a n d p o w e r b u s in e s s In T a c o m a .
STO C K A N D B O N D S —
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................................
$ 2 ,0 0 0 ,0 0 0 .........................
1 s t m t g e , g o ld ( $ 1 ,0 0 0 ) , $1,-1 1 8 9 9
5 g A -O
1 ,5 0 0 ,0 0 0 A p ril 1 1 9 2 9
5 0 0 ,0 0 0 'not r e d e e m a b le b e - U n te r e s t a t O ld C o lo n y T r u s t C o m p a n y ,
fo re m a t u r i t y _____ ______ c*J
B o s t o n , T r u s te e .
R E P O R T .— F o r c a le n d a r y e a r 1 9 08: g r o s s, $ 9 7 1 ,1 0 3 : n e t ( a fte r t a x e s ) ,
$ 2 6 0 74; I n t e r e s t , $ 7 5 ,0 0 0 ; s u r p lu s , $ 1 8 5 ,1 7 4 .
R O A D .— O w n s 1 0 2 .8 5 m ile s o f e le c t r ic a n d 1 .6 5 m ile s o f c a b le lin e ,
t o t a l , 1 0 4 .5 m ile s.
3 5 t o 7 2 - lb . r a ils.
G a u g e . 3 f t . 6 In. a n d 4 f t . 8 H In.
8 5 p a s s e n g e r a n d 7 5 o t h e r c a r s .— V . 8 5 , p . 3 4 7 ; V . 8 8 , p . 1 1 9 8 .
(2)
P a c ific T r a c t io n C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d J u n e 11 1 9 0 7 in M a in e .
I n 1 9 0 9 ro a d
w a s a c q u ir e d b y P u g e t S o u n d E le c tr ic R y .
V . 89, p. 349.
P o w e r Is fu r
n is h e d c o m p a n y b y S e a t t le - T a c o m a P o w e r C o . F ra n ch ise s e x p ir e 1 9 3 1 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..............................................
$ 1 ,2 5 0 ,5 0 0 .......................2 5 0 ,0 0 0 --------------P r e f $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) n-C-_. ................... ........
F ir s t m o r t g a g e $ 5 ,0 0 0 ,0 0 0 g j 1 9 0 7
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 2 7
_______________c " j I n t e r e s t a t C ity T r u s t C o ., B o s t o n , T r u s t e e .
($ 1 ,0 0 0 )
B o n d s . — $ 5 0 0 ,0 0 0 w e r e Issu ed t o r e tir e a lik e a m o u n t o f old firs t mortgage
bon d s, o f w h ic h $ 1 0 0 ,0 0 0 In t r e a s u r y . R e m a in in g b o n d s r e se r v e d for f u tu r e
a d d it io n s a n d I m p r o v e m e n t s , u n d e r r e s t r ic t io n s . S u b je c t to c a ll a t 1 0 5
a n d I n t e r e s t . S in k in g fu n d o f 1 % o f b o n d s o u t s t a n d in g b e g in s J a n . 1 1 9 1 4 .
B o n d s a r c g u a r ., p . & 1., a n d s in k in g fu n d b y P u g e t S o u n d E le c tr ic R y .
R O A D .— O p e r a te s 17 m ile s o f tr a c k b e t w e e n T a c o m a a n d A m e r ic a n
B a k e , w it h b r a n c h e s to S o u t h T a c o m a a n d t o t h e S t a t e A s y lu m fo r t h e
In sa n e.
E x t e n s io n s to P o in t D e f ia n c e a r e p r o p o s e d . S t a n d a r d g a u g e
CO-lb. T r a il In c o u n tr y ; 7 0 - lb . T In c it y .
O F F I C E R S .— P r e s ., G u y E . T r ip p ; V . - P ., E . H o w a r d G eo rg e; S e c ., A l
v a h K . T o d d ; T r e a s .. H e n r y B . S a w y e r ; G e n . M g r s., S t o n e A W e b s t e r .—
V . 8 5 , p . 3 1 6 , 6 5 4 , 922; V . 8 8 , p . 1 4 3 8 . V . 8 9 , p . 4 2 , 3 4 9 .
SEDALIA, MO.
S E O A U A E IG H T & T R A C T IO N C O .
„
____
, .
O R G A N I Z A T I O N — I n c o r p o r a te d In M isso u ri o n D e c . 17 1 9 0 6 , a n d Is a
c o n s o lid a t io n o f th e R a ilw a y & E le c tr ic C o . o f S e d a lla , t h e S e d a lla E le c tr ic
L ig h t A P o w e r C o. a n d t h e S e d a lla G a s & F u e l C o
S t r e e t r a ilw a y s a n d
e le c t r ic lig h t fr a n c h is e s e x p ir e In 1 9 4 0 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
- ...............
$ 6 0 0 ,0 0 0 .........................
C o m m o n , $ 6 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
P r e f, $ 4 0 0 ,0 0 0 ( $ 1 0 0 ), 5 % .n -c
4 0 0 .0 0 0 ....................-
1 st
m o r tg a g e ,
$ 1 ,5 0 0 ,0 0 0 ,1 1 9 0 0
5 g J - D ................ 6 0 0 0 0 0 D e c 1 1 9 2 6
g o ld ( $ 1 , 0 0 0 ) ___________c * J I n t e r e s t p a y a b le In B o s t o n . M a ss.
B o n d s .— O f th e $ 1 .5 0 0 .0 0 0 a u t h o r iz e d . $ 9 0 0 ,0 0 0 a r e r e se r v e d fo r 8 0 %
o f t h e c o s t o f a d d it io n s . A c
T h e C ity T r u s t C o . o f B o s to n a n d W m . H .
P o w e ll o f S e d a lla a r e tr u s t e e s o f t h e m o r t g a g e . N o s in k in g f u n d a n d
b o n d s a r e n o t s u b j e c t t o c a ll.
E A R N I N G S .— F o r 7 m o n th s e n d in g J a n . 3 t 1 9 0 8 , g r o s s , $ 7 4 ,1 2 2 ; n e t .
$ 3 1 ,5 5 4 : i n t e r e s t . $ 1 7 ,5 0 0 ; b a la n c e . $ 1 4 ,0 5 4 .
R O A D .— O p e r a te s 0 m ile s o f tr a c k . S t a n d a r d g a u g e . 6 8 - lb . T a n d
7 2 -lb crlrder r a il.
O F F I C E R S ,— P r e s ., E d w a r d M . D e a n e ; V . - P .. L in d s e y H o o p e r ; S e c .
a n d G e n . M g r ., R . B . H a m m e r ; T r e a s ., J . W . J a c k s o n .— V . 8 3 , p . 1 5 9 1 ;
V . 8 6 , p . 170, 4 8 1 , 1226.
SELMA, ALA.
SELM A ST R E E T & S U B U R B A N R Y .
„
O R G A N I Z A T I O N .— I n c o r p o r a te d In A la b a m a o n J u l y 31 1 8 8 2 . I n
1 9 0 9 c o n tr o l w a s p u r c h a s e d b y t h e A m e r ic a n P ip e A C o n s t r u c t io n C o . o f
P h ila d e lp h ia , w h ic h a ls o c o n t r o ls t h e S e lm a L ig h t in g C o . S e e V . 8 8 , p . 5 6 5 .
STO C K A N D B O N D S —
D ate.
In te re st.
O u tsta n d in g . M a tu r ity .
S t o c k $ 1 2 5 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 1 2 5 ,0 0 0
.......................
N e w first m o r t g a g e $ 1 2 5 ,0 0 0 1 190 2
5 A -O
7 5 ,0 0 0 A p ril 1 1 9 2 2
( $ 1 , 0 0 0 ) _________________ c ’ f l n t . a t W a r r e n S a v . B a n k , W a r r e n , P a . ,t r u s .
O ld m o r t g a g e $ 5 0 ,0 0 0 ($ 5 0 0 )1 1901
5 J -J
5 0 ,0 0 0 J a n
1 1921
c ’ J I n t . a t C it iz e n s ’ N a t io n a l B a n k , W a r r e n , P a .
B O N D S .— O f t h e n e w fir st m o r tg a g e $ 5 0 ,0 0 0 r e se r v e d t o r e tir e o ld m o r t
g a g e b o n d s.
R O A D .— O p e r a te s 8 m ile s o f tr a c k In a n d a r o u n d S e lm a .
O F F I C E R S .— P r e s ., J o s . S . K e e n J r .: V .- P . a n d T r e a s ., G e o . M . B u n t
in g ; S e c . a n d A s s t. T r e a s ., H . B a y a r d H o d g e : A s s t . S e c ;, W m . H . R o t h ;
G e n . M g r ., J a m e s H . D a w e s .
O ffic e , 112 N o r t h B r o a d S t . , P h i la d e l p h i a .—
V . 8 8, p. 565.
_____________
SHAMOKIN, PA.
S H A M O K I N & M T . C A R M E L T R A N S I T CO .
• I n 190 7 c o n t r o l c h a n g e d h a n d s a n d o ffic e r s e le c t e d a s b e lo w
O R G A N I Z A T I O N .— Is a c o n s o lid a t io n In J u ly 19 0 6 o f t h e S h a m o lc ln A
M t. C a r m e l E lectric R y . a n d t h e A s h la n d A C e n tr a lla E le c tr ic R y .
V . 83,
P ’STO C K A N D B O N D S —
D ate.
Interest. O u tsta n d in g .
M a tu r ity .
________
------------------C o m m o n ________________________ ______
P r e fe r r e d _ _ _
__
___ __ __
2 9 1 , 8») 0 . . . . . . . . . .
N e w m o r t g a g e , $ 6 0 0 ,0 0 0 -------? 1 9 0 6
------------5 0 0 ,0 0 0
1936
( P e n n . C o . fo r I n s . o n L . A G A ., P h l la ., T r u s .
A s h A C en m o r t g a g e ...................... ______
.................
— -----
O ld b o n d s ........... .._______________ 1 8 9 3
6 J - D __________ 3 0 4 ,3 0 0 D e c 1 1 9 2 3
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 8 8 ,1 0 1 ; n e t ,
$ 4 0 ,1 2 1 ; In 1 9 0 7 . g r o s s , $ 7 2 ,3 6 3 ; n e t , $ 3 2 ,7 8 9 .
D e c r e a s e In 1 9 0 7 e a r n in g s
d u e t o s tr ik e .
R O A D .— S h a m o k ln t o B e a v e r d a le , G reen R id g e , M t. C a r m e l, C u n n in g
h a m a n d C e n tr a lla , 2 0 .2 5 m ile s o f tra c k ; a ls o A s h la n d A C e n tr a lla E le c . R y ,
O F F I C E R S .— P r e s ., E . W . S a m u e l, M o u n t C a r m e l, P a .; S e c ., T h o s . M .
R lg h t c r , M t. C a r m e l, P a .; T r e a s ., W m . K e e fe r J r ., M t. C a rm el; S u p t . ,
A . H o w a r d T h o m a s , S h a m o k ln .— V . 8 3 , p . 2 7 3 .
SHAWNEE, OKLA.
SHAWNEE-TECUMSEH TRACTION CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In O k la h o m a o n
F eb
13 1 9 0 6 .
F ra n ch ise s a r c p e r p e tu a l a n d e x c lu s iv e fo r 2 5 y e a r s .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 5 0 0 ,0 0 0 .........................
F ir s t m o r t g a g e
$ 1 ,0 0 0 ,0 0 0 1 1 9 0 6
5 g J -D
3 0 0 ,0 0 0
1926
($ 1 ,0 0 0 ) g o l d ____________ c ' J I n t e r e s t a t T r u s t C o . o f A m e r ic a , N . Y . , T r .
B o n d s . — C an b e c a lle d In 1 9 1 6 a t 1 0 5 . N o s in k in g fu n d .
E A R N I N G S .— F o r 12 m o n th s e n d in g M a y 31 1 9 0 8 , g r o s s , $ 6 0 ,1 0 8 ; n e t .
$ 2 5 ,7 1 4 fix e d c h a r g e s . I n c lu d in g t a x e s , $ 1 5 ,5 1 7 ; s u r p lu s , $ 1 0 ,1 9 7 .
R O A D .— O p e r a te s 12 m ile s o f tr a c k In S h a w n e e a n d b e t w e e n S h a w n e e
a n d T e c u m s e h . S t a n d a r d g a u g e . 6 0 a n d 7 0 - lb . T r a il. A n e x t e n s io n t o
O k la h o m a C it y h a s b e e n s u r v e y e d .
O F F I C E R S .— P r e s , a n d M g r ., W illis E . F e r tlg ; V . - P . , L o u is K . H y d e ;
S e c ., W . M . C u tllp ; T r e a s ., B . F . K r a ffer t: S u p t . , O . H . W e d d le .
SHEBOYGAN. WIS.
SHEBOYGAN LIGHT, POWER & RAILWAY.
O R G A N I Z A T I O N , E T C .— I n c o r p o r a te d In W is c o n s in In 1 8 9 6 a s a c o n
s o lid a t io n o f t h e S h e b o y g a n S t r e e t R y . a n d t h e S h e b o y g a n E le c tr ic L i g h t
in g C o . S t r e e t r a ilw a y fr a n c h is e In S h e b o y g a n p e r p e tu a l a n d e x c lu s i v e
u n til S e p t . 1 9 1 0 .
E le c tr ic lig h t f r a n c h is e p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k , $ 7 5 0 ,0 0 0 .........................................................................
$ 4 0 0 ,0 0 0 ..........................
1 st m o r t g a g e . $ 4 0 0 ,0 0 0 , g o ld ! 1 8 9 6
5 g A -O
4 0 0 ,0 0 0 A p r il 1 1 9 2 6
( $ 1 , 0 0 0 ) ____________________ / I n te r e s t a t M e r c a n tile T r u s t C o ., N . Y . , T r u s .
1st c o n s m t g e , $ 2 ,5 0 0 ,0 0 0 ,1 1 9 0 3
5 g J -J
6 1 2 ,0 0 0 J u ly 1 1 9 3 3
g o ld ($ 1 ,0 0 0 ) _____________ J l n t . a t M e r c a n tile T r u s t C o ., N . Y . . T r u s t e e .
B o n d s . — O f t h e fir st 5 s o f 1 8 9 6 , $ 1 0 ,0 0 0 m a y b e r e d e e m e d y e a r ly a t 1 0 5
up to $ 1 0 0 ,0 0 0 .
O f t h e n e w m o r t g a g e fo r $ 2 ,5 0 0 ,0 0 0 , $ 4 0 0 ,0 0 0 are r e se r v e d
to r e tir e p r io r H en s.
B o n d s are s u b j e c t t o c a ll a t 1 0 5 a t a n y t im e .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s . $ 1 6 8 ,9 1 1 ; n e t , $ 6 1 ,
174.
I n 1 9 0 8 , g r o s s , $ 1 5 1 ,1 6 8 ; n e t , $ 6 0 ,3 0 0 .
R O A D .— O p e r a te s 2 6 .0 3 m ile s o f tr a c k In S h e b o y g a n . I n c lu d in g a lin e
to P ly m o u th . S ta n d a r d g a u g e . 6 0 - lb . T rail.
2 8 c a r s.
O F F I C E R S .— P r e s , a n d G e n . M g r ., E r n e s t G o n z e n b a c h ; V . - P . , W . O .
M o r g a n , N e w Y o r k ; S e c ., J . A . C h e s n e y , P i t t s f i e ld , M a ss.; T r e a s ., A u g u s t
W e s t e r m c y e r , S h e b o y g a n .— V . 7 7 , p . 6 2 9 ; V . 8 7 , p . 6 1 5 .
SHREVEPORT, LA.
SHREVEPORT TRACTION CO.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In L o u is ia n a In 1 8 9 8 . F ra n c h ise e x
p ires 1 9 4 2 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
10 J -J
$ 2 0 0 ,0 0 0
See te x t.
C o m m o n , $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
1 st m tg e , s f, $ 2 0 0 ,0 0 0 , g \ 1 9 0 3
5 g J -J
1 6 5 ,0 0 0
Jan 1 1923
( $ 1 ,0 0 0 ) , red a t 1 0 5 _____ c fH I b e r n la B a n k A T r u s t C o .. N e w O r l., T r u s .
B o n d s . — S in k in g fu n d o f $ 5 ,0 0 0 p e r y e a r s ta r t e d 1 9 0 8 . $ 3 5 ,0 0 0 h a v e
hppn rpflrprl
D iv id e n d s . — 10 % p e r a n n u m Is p a id .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 1 2 8 ,0 0 0 : in 1 9 0 7 , g r o s s ,
$ 1 4 0 ,0 0 0 .
R O A D .— O p e r a te s 15 m ile s o f tr a c k In S h r e v e p o r t. S t a n d a r d g a u g e .
6 0 , 7 0 a n d 8 0 - lb . T ra il.
O F F I C E R S .— P r e s ., W . F . D illo n ; V . - P . , W . T . C ra w fo rd ; T r e a s .,
W . J . B a y e r sd o r fe r : S e c . A M g r ., L . M . L e v in s o n , a ll o f S h r e v e p o r t .—
V. 8 7, p. 481; V . 88, p. 1438.
SIOUX CITY, IOWA.
T H E S I O U X C IT Y T R A C T I O N .— A t r o lle y r o a d .
O R G A N I Z A T I O N , E T C .— C h a rte r e d In M a y 18 9 5 t o s u c c e e d t h e S io u x
C ity S t . R y . , s o ld In fo r e c lo su r e .
F ra n ch ises o f t h e S io u x C it y S t r e e t R y .
run fo r 50 y e a r s fro m 1 8 8 9 , o t h e r fra n ch ises run fo r 2 5 y e a r s fr o m 1 9 0 8 .
T h e s e l a t t e r a rc o n th e te r m s o f 5 -c e n t fa r e s w it h tr a n sfe r s a n d 2 % o f g r o s s
e a r n in g s a f te r t h e e l ’ y h a s a p o p u la t io n o f 7 5 ,0 0 0 .
O n M ay 15 18 9 9 a b s o r b e d a ll th e o th e r S io u x C ity lin e s , a n d n o w o w n s
a n d o p e r a te s 4 2 m ile s o f r o a d . I n c lu d in g t h e e le v a t e d ( S io u x C ity T r a n s i t ) ,
th e C e n tr a l T r a c t io n , th e R iv e r sid e P a r k , t h e S io u x C ity A L e e d s E le c tr ic
a n d th e S o u t h S io u x C ity T r a c tio n C o .
O n M a rch 22 1 9 0 9 th e S io u x C ity S e r v ic e C o . In c r ea se d Its c a p ita l s to c k
fro m $ 2 5 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 , fo r th e p u r p o s e o f a c q u ir in g t h e s t o c k o f t h e
S io u x C ity T r a c t io n .
V . 88 , p. 1129.
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,2 0 0 ,0 0 0 ( $ 1 0 0 ) . . - ......................................... ..
$ 1 ,2 0 0 ,0 0 0 .........................
1 st m o r t g a g e , $ 7 5 0 ,0 0 0 , g o ld l 1 8 9 9
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1 9 1 9
( $ 1 , 0 0 0 ) _________________ c * j I n t . a t B k . o f M o n tr e a l, C h ic , o r N . Y . , T r u s .
E A R N I N G S .— F o r y e a r e n d . D e c . 31 1 9 0 7 , g r o s s , $ 3 6 9 ,0 9 6 ; n e t , $ 1 4 8 ,
274; In 1 9 0 6 , g r o s s, $ 3 3 8 ,4 2 4 ; n e t , $ 1 4 6 ,7 9 3 .
R O A D .— O p e r a te s 44 m ile s o f tr a c k . C a r s, 8 0 , o f w h ic h 6 6 m o to r s .
O F F I C E R S .— P r e s .. S a m u e l M c R o b e r ts; V . - P ., R o b t. J . D u n h a m ; S e c .
a n d T r e a s ., J . H e n r y R ic k e r ; G en . M g r ., E . L . K ir k .— V . 7 5 , p . 8 4 9 .
SOUTH BEND, IND.
C H IC A G O S O U T H B E N D & N O R T H E R N I N D I A N A R R — T r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I n d ia n a In J a n . 1 9 0 7 a s s u c c e s s o r
to t h e N o r th e r n I n d ia n a R y . . w h ic h h a d c o n s o lid a t e d t h e I n d ia n a R y . , t h e
S o u th B e n d L a P o r te A M ic h ig a n C it y R y . , t h e M ic h ig a n C ity E le c tr ic C o .
a n d t h e M ic h ig a n C ity T r a c t io n C o . F ra n ch ise p e r p e tu a l In M is h a w a k a ,
G o s h e n , S o u t h B e n d , L a P o r te a n d M ic h ig a n C ity ; in E lk h a r t e x p ir e s In
1957.
O p e r a te s a ll lo c a l e le c t r ic lin e s In a b o v e c it ie s a n d t h e In te r u r b a n
lin e J o in in g t h e m .
S T O C K A N D B O N D S .—
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..............................................
$ 5 ,0 0 0 ,0 0 0 .........................
P r e f $ 2 ,5 0 0 ,0 0 0
5%
c u m l ....................................
2 ,5 0 0 ,0 0 0 .........................
($ 1 0 0 ) a f te r J a n 1 1 9 0 9 -------J
N ew
1 s t m tg e $ 5 ,0 0 0 ,0 0 0 1 1 9 0 7
5 g J -J
2 , 0 7 6 ,0 0 0 J a n
11937
g o ld ( $ 1 ,0 0 0 ) .............................. J l n t . a t C e n tr a l T r u s t C o ., N . Y . , T r u s t e e .
N o r I n d R y 1 st c o n M , $ 4 ,- \ 1 9 0 6
5 g J J
6 4 2 ,0 0 0 J a n 1 1 9 3 6
0 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) ____ J l n t . a t U . S . M tg e . A T r u s t C o ., N e w Y o r k .
I n d ia n a R a ilw a y 1 st m ort-1 1901
5 g J -J
1 ,0 0 0 ,0 0 0 J a n 1 1930
g a g e , $ 1 ,0 0 0 ,0 0 0 , g o ld ( $ l,- ) G I r a r d T r u s t C o ., P h ila d e lp h ia , T r u s t e e .
0 0 0 ) ______________________ c * j I n t e r e s t a t S t a n d a r d T r u s t C o ., N e w Y o r k
I n d ia n a R y 2 d m t g e , $ 1 5 0 ,-1 1904
5 g F -A
1 5 0 ,0 0 0 A u g 1 1924
0 0 0 ( $ 1 ,0 0 0 ) , g o l d ....................j l n t . a t U . S . M tg e . A T r u s t C o ., N e w Y o r k .
La P o r t e A M ic h ig a n C ity T r ) 1905
5 g J -J
3 5 0 .0 0 0 J u ly 1 1930
1 s t M , $ 3 5 0 ,0 0 0 ( $ 5 0 0 ) , ) I n t e r e s t a t F ir st T r u s t A S a v in g s
B ank,
f . s u b j e c t t o c a l l . ....................J C h ic a g o , 111.
B o n d s . — O n t h e I n d . R y . 1 s t 5 s a s in k in g fu n d o f $ 1 0 ,0 0 0 p e r a n n u m b e
g a n J a n . 1 1 9 05; b o n d s t o b e b o u g h t In o p e n m a r k e t .
A re n o t s u b j e c t t o
c a ll. T h e 2 d 5 s h a v e a s in k in g fu n d o f $ 2 ,0 0 0 p e r a n n u m b e g in n in g A u g .
1 9 0 6 . T h e s e b o n d s a r e s u b j e c t t o c a ll.
O f t h e N o r th e r n I n d ia n a $ 4 , 0 0 0 ,
0 0 0 m t g e . , $ 1 ,5 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e p r io r lie n s a n d $ 1 ,8 0 0 ,0 0 0 for
fu tu r e b e t te r m e n ts a n d e x t e n s io n s .
A re s u b j e c t t o c a ll. S e e V . 8 2 , p . 5 6 8 .
O n t h e L a P o r te A M ic h ig a n C ity T r a c tio n C o . b o n d s a s in k in g fu n d o f 1 %
per a n n u m o f b o n d s o u t Is o p e r a tiv e fr o m 1 9 1 0 t o 1914; fro m 1 9 1 5 t o m a
t u r it y . 2 % p er a n n u m .
O f t h e n e w 1 st m tg e . b o n d s , $ 2 ,1 5 0 ,0 0 0 a r e r e
s e r v e d t o r e tir e o t h e r lie n s , a n d b a la n c e fo r I m p r o v e m e n t s .
.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 6 1 2 ,0 9 2 ; n e t , $ 2 3 8 ,0 4 1 .
In 1 9 0 9 , g r o s s, $ 6 0 3 ,7 4 9 : n e t , $ 2 5 5 ,7 2 7 .
,
R O A D .— O p e r a te s 117 m ile s o f tr a c k In S o u t h B e n d , M is h a w a k a , E lk
h a r t, G o sh e n , L a P o r t e , M ic h ig a n C ity a n d I n te r u r b a n lin e s b e t w e e n t h o s e
p o in t s a n d c it y lin e s In M ic h ig a n C it y .
R o a d Is t o be e x t e n d e d fr o m
M ic h ig a n C ity to C h ic a g o a n d fro m M ic h ig a n C ity to I n d ia n a p o lis .
G auge,
4 f t . 8 K In.: 7 0 - lb . T r a il.
O w n s 7 0 ca rs a n d 4 p o w e r s t a t io n s
O F F I C E R S .— P r e s ., C h a rles F . D le t e r lc h , N e w Y o r k ; V . - P ., C . M . M u r
d o c k ; T r e a s ., A . E . D le te r lc h ; S e c . a n d G e n . M g r ., S . T . M u r d o c k .— V . 8 4
p. 159, 270.
_______
S O U T H E R N M I C H IG A N R Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— O r g a n iz e d o n L o b . 8 1 9 0 6 n s a c o n s o lid a t io n o f Wie
S o u th B e n d A S o u t h e r n M ic h ig a n R y . a n d t h e N ile s A B u c h a n a n f r y .
F ra n ch ise In S t . J o s e p h e x p ir e s In 1 9 35; In B e r r ia n S p r in g s In 1 9 3 5 ; In N tle s
in 1 9 3 2 . 1 9 3 5 a n d 1 9 36; In S o u t h B e n d , p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k . $ 2 ,0 0 0 ,0 0 0 ....................................................................
$ 2 ,0 0 0 ,0 0 0 ..........................
1 s t c o n s o l m t g e , $ 2 ,0 0 0 ,0 0 0 ) 1 9 0 6
5 g
4 0 0 ,0 0 0 M ch 1 1931
g o ld ( $ 1 ,0 0 0 ) _______________J I n t e r e s t a t U . S . M tg e . A T r u s t C o ., N . Y .
S o u th B e n d A S o M ic h ig a n ) 1 9 ) 2
5 g A -O
7 5 0 ,0 0 0 O c t 1 1 92 7
1 s t m t g e , $ 7 5 0 ,0 0 0 , g o ld HrUe-uost a t H a rr is T r u s t A S a v in g s B a n k
( $ 1 ,0 0 0 ) . g u a r , p A I . . . o * J
C h ic a g o , T r u s t e e .
.
„
B o n d s . — O f t h e $ 2 ,0 0 0 ,0 0 0 c o n s o ls , $ 7 5 0 ,0 0 0 a r c r e s e r v e d fo r p r io r lie n s
a n d $ 8 5 0 ,0 0 0 »or b e t te r m e n t? a n d e x t e n s i o n s . T h e s e b o n d s a r c s u b j e c t t o
c a ll o n a n y Int,. d a t e a t 1 0 5 . T h e f o llo w in g a m o u n t s a r c p a y a b le a n n u a lly
In to a s in k in g ju n d lr o m M arch 1 1 9 0 9 t o F e b . 28 1 9 1 5 , 1 % o f b o n d s o u t
s ta n d in g ; fro m M arch 1 1 9 1 5 t o F e b . 28 1 9 2 5 , 1 H % o f b o n d s o u t ; a n d fro m
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b o n d s a r e n o t s u b . t o c a ll.
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th e s e b o n d s , c o m m e n c in g J a n . 1 1 9 0 7 . S e e V . 8 2 , p . 1 1 5 8 a n d V . 8 3 , p . 4 9 3 .
R O A D .— O p e r a t e s a lin e fro m S o u t h B e n d t o S t . J o s e p h a n d h a s u n d e r
c o n s t r u c t io n a lin e fro m N ile s to B u c h a n a n . T o t a l t r a c k , 3 5 m ile s .
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1 p o w e r h o u s e a n d 4 s u b - s t a t io n s . C o r liss e n g in e s a n d G e n e r a l E le c t r i c
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O F F I C E R S .— P r e s ., A r t h u r K e n n e d y ; V . - P . a n d G e n . M g r ., J . M c M .
S m ith ; S e c . a n d T r e a s ., M . P . R e e d . — V . 8 3 , p . 2 7 3 , 4 9 3 .
SPRINGFIELD, ILLINOIS.
UNION RAILWAY. GAS & ELECTRIC CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J e r s e y o n J u n e 2 * 1 * 0 9 , a n d
h a s a c q u ir e d o v e r 9 8 % o f t h e s t o c k s o f t h e S p r in g fie ld (111.) R a ilw a y A L ig h t
C o . ( $ 3 ,0 0 0 ,0 0 0 s t o c k ) , t h e R o c k fo r d (111.) A I n t e r u r b a n R y . C o . ( $ 1 ,0 0 0 ,
0 0 0 c o m . a n d $ 5 0 ,0 0 0 p r e f .) , t h e P e o r ia L ig h t C o , ( $ 2 ,5 0 0 ,0 0 0 c o m . a n d
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$ 1 ,0 0 0 ,0 0 0 p r e f . ) , p e r p la n In V . 8 8 , p . 1 5 0 1 . C o n tr o ls s t r e e t r a ilw a y a n d
SOUTH WALPOLE, MASS.
I n te r u r b a n l in e s , g a s , e le c t r ic - lig h t in g , p o w e r a n d h e a t in g p r o p e r tie s in
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a n d J a n e s v il le . In W is c o n s in , a n d E v a n s v i ll e , I n d . V . 8 9 , p . 2 2 6 .
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($ 5 0 0 a n d $ 1 ,0 0 0 ) _______ c ’ l T r u s t C o . o f N o r t h A m e r ., P h l la . , T r u s t e e .
E A R N I N G S .— F o r y e a r e n d in g S e p t . 3 0 1 9 0 8 , g r o s s , $ 7 0 ,5 6 4 ; n e t , $ 1 4 ,
S p r g fd R y A L t c o ll t r m t g e / 1 9 0 3
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S p r in g fie ld C o n R y c o n s o l/ 1 8 9 3
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m t g e $ 7 5 0 ,0 0 0 g o l d ________ (C o lu m b ia T r u s t C o ., L o u is v ille , T r u s t e e .
O F F I C E R S .— P r e s ., M . P . C lo u g h ; S e c ., N . I . A d a m s; T r e a s ., H . F .
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A I n t e r - U r b a n f1 9 0 2
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1 1922
S m ith ; G en . M g r ., M . A . C a v a n a u g h .— V . 8 7 , p . 9 3 6 , 1 2 3 8 .
m o r t g a g e s , g o ld ($ 1 ,0 0 0 ) c * ( I n t e r e s t a t F ir s t N a t . B a n k , N . Y . , o r a t
( A m e r . T r u s t A S a v . B a n k , C h ic ., T r u s t e e .
SPOKANE, WASHINGTON.
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6 2 5 ,0 0 0 M a y 1 1 9 2 3
ARLINGTON HEIGHTS AlOTOR RY.—T w o m ile s o f tr o lle y t r a c k .
m t g e , $ 7 5 0 ,0 0 0 , g o ld , g u l l n t . a t A m e r . T r u s t A S a v . B a n k , C h ic a g o ,
S t o c k , $ 5 0 ,0 0 0 .
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p A 1 ( $ 1 ,0 0 0 a n d $ 5 0 0 ) . c*J
T r u s t e e , o r F ir s t N a t . B a n k , N e w Y o r k .
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SPOKANE & INLAND EMPIRE RAILROAD CO.
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$ 5 ,0 0 0 ,0 0 0 g ---------------------- 1 B a n k e r s ’ T r u s t C o ., N e w Y o r k , T r u s t e e .
r is & C o ., H a r r is T r u s t & S a v in g s B a n k a n d E . H . R o llin s & S o n s o ffe r e d
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t h e b o n d s f o r s a le .
H a s a l ig h t a n d p o w e r fr a n c h is e In S p o k a n e .
In 1907
M . $ 2 ,5 0 0 ,0 0 0 g ( $ 1 , 0 0 0 ) . . ) B a n k e r s ’ T r u s t C o ., N e w Y o r k , T r u s t e e .
s e c u r e d a f r a n c h is e fr o m t h e c it y to b u ild a t u n n e l th r o u g h t h e b u s in e s s d i s E v a n s v . G a s A E le c . 1 s t A ( 1 9 0 2
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t r ic t o f S p o k a n e , t o c o s t $ 1 , 0 0 0 ,0 0 0 , a n d In 1 9 0 9 b e g a n c o n s t r u c t io n .
r e f . M . $ l , 2 5 0 ,0 0 0 g ( $ l , 0 0 0 ) l i n t , a t A m e r . T r . A S a v . B a n k , C h ic a g o ,
T r a n s p o r t s a ll k in d s o f h e a v y a n d lig h t fr e ig h t t r a ffic a s w e ll a s p a s s e n g e r s ,
( o r F ir s t N a t io n a l B a n k , N e w Y o r k .
a n d e x c h a n g e s f r e ig h t w it h s t e a m r o a d s .
S to c k . — P r e f. s t o c k Is s u b j e c t t o c a ll a t 1 0 5 a n d a c c r u e d d iv id e n d s .
M a tu r ity
STO C K A N D B O N D S —
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In terest. O u tsta n d in g .
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C o m , $ 1 0 ,0 0 0 ,0 0 0 , $ 1 0 0 ...................................................... $ 1 0 ,0 0 0 ,0 0 0
p o s it o f 9 8 % o f a ll s t o c k s (c o m . a n d p r e f.) o f s u b s id ia r y c o s . A d d it io n a l
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b o n d s m a y b e is s u e d o n ly u n d e r r ig id r e s t r ic t io n s ( V . 8 9 , p . 2 2 6 ) .
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t io n s a n d I m p r o v e m e n ts to c o n s t i t u e n t c o s ., $ 7 5 0 ,0 0 0 f o r p r io r l ie n s . T h e
S p o k T r a c 1 s t M , $ 1 , 0 0 0 ,0 0 0 . J 1905
5 g J -J
1 9 7 ,0 0 0 S e e t e x t .
b o n d s a r e s u b j e c t t o c a ll o n 6 0 d a y s ’ n o t ic e a t 1 0 7 >4 a n d I n t .
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C D ’A & S 1 s t M, $ 5 0 0 ,0 0 0 , g j 1903
5 g J -J
5 0 0 ,0 0 0
J a n 1 1 9 2o9 k , a n d E . W . C la rk A C o ., P h ila d e lp h ia . T h e y a r e s e c u r e d b y d e p o s it
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( $ 1 0 0 , $ 5 0 0 A $ 1 ,0 0 0 ) ___c * \ I n t . a t T i t le G u a r . & T r . C o ., N . Y . , t r u s t e e .
w it h t r u s t e e o f a ll t h e b o n d s a n d s t o c k s o f t h e s t r e e t r a ilw a y , g a s a n d e le c t r ic
S p o k T e r m 1s t m tg e , $ 5 0 0 .-1 190 5
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t r u s t e e , o r a t F ir st N a t io n a l B a n k , B o s t o n . a b o v e m e n t io n e d . S in k in g Ju n d o n R o c k f . A I n t e r - U r b a n b o n d s o f 5%
B o n d s . — O f t h e $ 1 5 ,0 0 0 ,0 0 0 first a n d r e fu n d in g b o n d s , $ 1 ,0 5 9 ,0 0 0 a r e o f g r o s s r e c e ip t s c o m m e n c e d In 1 9 0 8 . A d d it io n a l b o n d s c a n b e I s su e d fo r
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a s s u m e d , p r ln . a n d I n t ., b y R o c k f . A I n t e r - U r b a n R y . C o .; $ 1 1 8 ,5 0 0 a r e r e
o n ly w h e n t h e n e t e a r n in g s fo r t h e p r e c e d in g t w e lv e m o n th s h a v e b e e n
s e r v e d fo r f u tu r e e x te n s io n s a t 8 5 % o f c o s t . A s in k in g f u n d e q u a l t o 5%
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o f g r o s s e a r n in g s b e g in s In 1 9 1 0 .
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A r e s u b j e c t t o c a ll fro m M a y 1 1911 t o N o v . 1 1 9 1 5 a t 1 0 7 ) 4
a t 105 an d in t.
V . 7 8 , p . 1 2 7 6 . A s in k in g fu n d o n t h e R o c k f . B e l . A
a n d I n te r e s t; th e r e a f t e r a t 105 a n d I n te r e s t.
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t o 192 0 a n d 2% fro m 1921 to 1 9 2 5 . S e e V . 8 3 , p . 12 9 1 a n d V . 8 6 , p . a r e s u b j e c t to c a ll o n a n d a f te r O c t . 1 1 9 1 0 a t 1 0 2 ) 4 a n d I n t. T h e y a r e
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b o n d s a r e r e s e r v e d to r e tir e lik e a m o u n t o f P e o . G a s A E le c . 1 s t M . b o n d s;
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D iv id e n d s — F ir s t d iv id e n d — 1 )4 % — o n p r e fe r r e d p a id O c t . 1 9 0 9 .
$ 1 2 ,5 0 0 o n A u g . 1 from 1 9 1 0 to 192 9 I n c lu siv e a n d $ 1 0 0 ,0 0 0 o n A u g . 1 1 0 3 0 .
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T h e u n is s u e d b o n d s m a tu r e in 1 9 3 0 a n d a r e s u b j e c t to c a ll o n a n d a f te r J u n e 3 0 1 9 0 9 : G ro ss, $ 2 ,6 9 8 ,7 9 7 ; n e t , $ 1 ,3 2 8 ,3 0 5 ; I n t ., t a x e s , r e n ta ls a n d
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s in k in g fu n d o f 5% o f n e t e a r n in g s Is p r o v id e d . B o n d s a r e s u b j e c t t o c a ll
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SP R IN G F IE L D , MASS.
W a s h in g t o n a n d M o s c o w , I d a h o , o n t h e s o u t h .
I s b u ild in g a n e x t e n s io n
SPRINGFIELD STREET RY.— S e e N e w E n g la n d I n v e s t m e n t A S e c u r i
8 .5 3 m ile s fr o m G r e e n a c r e s o n C o e u r d ’A le n e D iv is io n to S p o k a n e . O u ts id e
t ie s C o . u n d e r N e w H a v e n .
o f S p o k a n e t h e r oad Is In a c c o r d a n c e w it h s ta n d a r d s t e a m r a ilr o a d s p e c i
f ic a t io n s .
I t Is p r o p o s e d to b u ild u l t i m a t e l y to L e w is t o n , I d a h o , a n d to
S q u a w B a y o n P e n d d ’O r e llle L a k e . C o m p a n y o w n s v a lu a b le p a s s e n g e r t e r
SPRINGFIELD, MISSOURI.
m in a l a n d o f fic e b u ild in g In t h e h e a r t o f S p o k a n e a n d f r e ig h t te r m in a l lo
c a t e d b e t w e e n t h e G r e a t N o r th e r n a n d N o r th e r n P a c ific te r m in a ls , a n d h a s
SPRINGFIELD RAILWAY & LIGHT CO.
p h y s ic a l c o n n e c tio n w it h a ll r o a d s e n t e r in g S p o k a n e . A ls o o w n s a w a t e r
O R G A N I Z A T I O N — Is a c o n s o lid a t io n In 190 6 o f t h e S p r in g fie ld T r a o p o w e r 9 m ile s b e lo w S p o k a n e , w h e r e It h a s a h y d r o - e le c tr ic p la n t o f 2 0 ,0 0 0
t lo n C o . a n d t h e S p r in g fie ld G a s A E le c tr ic C o . T h e K lc k a p o o T r a n s it C o.
n .p . c a p a c it y .
Is a lso p a rt o f s v s t e m .
E le c tr ic II r,'t fra n ch ise n c r p e lu a l; g a s fra n ch ise
O F F I C E R S .— C h a ir m a n o f t h e b o a r d , F . A . B la c k w e ll; P r e s ., J a y P .
e x p ir e s In 1 9 2 9 ; s t r e e t r a ilw a y fra n ch ise s r u n 3 5 y e a r s fr o m A u g . 23 F 9 0 9 .
G ra v e s; V . - P ., A . L . W h ite ; S e c ., W . G . D a v id s o n ; T r e a s ., I I . B . F e r r is .—
V . 8 2 , p . 9 2 8 , 1 0 4 0 , 1 3 2 2 ; V . 8 3 , p . 3 8 , 1 2 9 1 , 1 3 4 9 , 1 4 7 2 ; V . 8 5 , p . 1 4 6 3 ; D o e s e n t ir e t r a c t io n , e le c t r ic - lig h tin g a n d g a s b u s in e s s o f t h e c i t y . A ls o
d o e s s t e a m h e a t in g .
_______
V . 86, p . 721. 858.
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
THE WASHINGTON WATER POWER CO.’S SYSTEM— Spokane S t o c k $ 1 ,6 0 0 ,0 0 0 _________ _______ _
_______
$ 1 ,6 0 0 ,0 0 0 .........................
Street Railway, &c.
1 st lie n r e f m tg $ 1 ,6 0 0 ,0 0 0 J 1 9 0 6
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J a n 1 1926
O R G A N I Z A T I O N .— C h a rte r e d In W a s h in g to n J u n e 1 8 8 8 fo r f if ty
g o ld ( $ 1 .0 0 0 ) ...................... c ’ U n t a t N e w Y o rk T r u s t C o ., N . Y . , t r u s t e e .
y e a r s . C o m p r ise s E d is o n E le c tr ic I llu m in a t in g C o ., S p o k a n e S t . R y . C o ..
S p r in g fie ld T r a c 1 st M , $ 3 0 0 - ) 18 9 5
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S p o k a n e E le c tr ic R v . C o ., S p o k a n e C a b le R y . C o ., F a lls C it y L a n d A
0 0 0 g o ld ( $ 1 ,0 0 0 ) ( c a n n o t ) I n t e r e s t a t S t . L o u is U n io n T r u s t C o ., S t .
I m p r o v e m e n t C o ., R o s s P a r k S t . R y . C o ., a n d C it y P a r k T r a n s it C o .
b e c a l l e d ) . .............................. c* j L o u ls , t r u s t e e .
O w n s a ll w a t e r p o w e r o n t h e S p o k a n e R iv e r a t S p o k a n e , W a s h ., I n c lu d in g
S p r in g fie ld G a s A E l 1 s t M.J 1 9 0 2
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fo r m e r p r o p e r ty o f S p o k a n e F a lls W a te r P o w e r C o . A ls o le a s e s A rlln g *
$ 5 0 0 ,0 0 0 g o ld ( $ 1 , 0 0 0 ) . . c * l i n t , a t A m e r . T r . A S a v . B k ., C h ic ., t r u s t e e .
to n H e ig h t s M otor R v C o
O o m o /m ^ o w n s t h e e n t ir e e le e t r lc llsrnt b u s i S p r in g fie ld G a s A E l d e b .......................
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n e s s a t S p o k a n e , W a s h .; a ls o 4 2 7 m ile s o f tr a n s m is s io n lin e s , s u p p ly in g
B o n d s . — In t h e a b o v e s t a t e m e n t w e d o n o t I n c lu d e $ 2 0 ,0 0 0 b o n d s o f
t o w n s o f C o e u r d ’A le n e , P o s t F a lls , R a t h d r u m , W a r d n e r , W a lla c e , M u lta n
K lc k a p o o T r a n s it C o ., a s la t t e r a r e a ll h eld In t h e t r e a s u r y .
O f t h e $ 1 ,
a n d B u r k e , I d a h o , a n d R o c k fo r d , T e k o a , F a ir fie ld , C o lfa x , P a lo u s e , O a k c s6 0 0 ,0 0 0 n e w b o n d s , $ 8 5 2 ,0 0 0 a r e r e se r v e d fo r p r io r lie n s a n d $ 3 1 1 ,0 0 0 fo r
d a le , C h e n e y a n d M e d ic a l L a k e , W a s h .
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fu tu r e b e t t e r m e n t s .
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a t S p o k a n e , W a s h ., 1 5 ,0 0 0 h . p . h y d r a u lic p l a n t a t P o s t F a lls , I d a h o , a n d
60 d a y s ’ n o t ic e .
E n tir e s t o c k s o f t h e T r a c t io n C o . ($ 4 0 0 ,0 0 0 ) a n d G as
1 9 ,0 0 0 h . p . s te a m p la n t a t S p o k a n e , W a s h .
N o w c o n s tr u c t in g a 3 0 ,0 0 0 A E le c . C o . ( $ 5 0 0 ,0 0 0 ) h a v e b e e n d e p o s ite d a s s e c u r it y fo r t h e s e b o n d s .
h . p . h y d r a u lic p la n t o n S p o k a n e R iv e r b e lo w S p o k a n e , W a s h .
O n D e c . 31
T h e G a s A E le c . C o . 1 s t m tg e . b o n d s a r e r e d e e m a b le a t 1 0 5 a n d In t. a n d
1 9 0 8 w a s s u p p ly in g 2 0 9 ,2 7 8 in c a n d e s c e n t a n d 2 ,6 7 5 a r c la m p s .
S e lls 5 ,0 0 0
t h e d e b e n t u r e s a t 102 H . T h e G a s A E le c . C o . b o n d s w ill b e r e tir ed $ 5 ,0 0 0
h . p . to S p o k a n e A I n la n d E m p ir e R R . C o .
F r a n c h is e s fo r e le c t r ic - lig h t in g a n n u a lly o n a n d a f t e r J u l y 1 1 9 0 8 . $ 5 ,0 0 0 w a s r e tir e d In J u ly 1 9 0 8 a n d
a n d p o w e r b u s in e s s h a v e 3 6 y e a r s to r u n fr o m 1 9 0 8 a n d s t r e e t r a il w a y s J u ly 1 9 0 9 .
a n a v era g e o f 20 y ea rs.
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.
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 3 6 7 ,5 3 6 : n e t .’a f te r t a x e s .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 9 6 ,1 9 6 ; I n te r e s t a n d o t h e r c h a r g e s , $ 2 6 ,8 1 5 ; s u r p lu s , $ 6 9 ,3 8 1 ; In 1 9 0 7 ,
Q -J
° ® t ,0 0 *1 ^ % g r o s s , $ 3 7 8 ,0 4 6 ; n e t a f te r t a x e s a n d In te r e s t c h a r g e s o f c o n s t it u e n t c o m
S t o c k $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ___________
1 st c o n s o l m t g . a n d c o lla t e r a l) 1 8 9 9
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p a n ie s , $ 9 3 ,6 2 5 ; I n te r e s t, $ 2 0 ,7 9 7 ; s u r p lu s , $ 7 2 ,8 2 8 .
t r u s t , $ 2 ,0 0 0 ,0 0 0 , g o ld
) I n t e r e s t a t F r a n k lin T r u s t C o ., B r o o k ly n ,
R O A D .— O p e r a te s 18 m ile s o f tr a c k ; 6 0 - lb . T r a ils .
P o w er r ta tlo n s ’
($ 1 ,0 0 0 ) __
c * A r (N . Y .tr u s t e e .
c a p a c it y , 1 ,8 0 0 h .p .
R e f A e x t m t g e , $ 1 5 ,0 0 0 ,0 0 0 g l 1 9 0 9
5 J -J
$ 5 ,2 5 4 ,0 0 0 J u l y 1 1 9 3 9
O F F I C E R S .— P r e s ., J o h n F . H ill, V . P . , G e o . E . M a c o m b e r ; T r e a s .,
( $ 1 ,0 0 0 ) ................. .............c A r /F a r m e r s ’ L . A T r . C o ., N e w Y o r k , t r u s t e e .
B o n d s . — O f t h e $ 1 5 ,0 0 0 ,0 0 0 r e fu n d in g A e x t . m tg e . b o n d s , $ 3 4 6 ,0 0 0 a r e F r a n k E . S m it h , a ll o f A u g u s t a . M e .— V . 8 2 , p . 2 8 1 .
r e s e r v e d t o r e tir e 1 s t m t g e ., $ 9 ,0 0 0 ,0 0 0 a r e fo r a d d it io n s a n d e x t e n s i o n s
a t n o t t o e x c e e d 50% o f c o s t , a n d $ 4 0 0 ,0 0 0 a r e in t r e a s u r y . S in k in g f u n d
o f 2% p e r a n n u m o f b o n d s o u t b e g in s S e p t . 1 9 0 9 , fo r p u r c h a s e o f b o n d s a t
SPRINGFIELD, OHIO.
n o t e x c e e d in g 1 1 0 a n d i n t . , b u t b o n d s c a n n o t b e d r a w n .
B o n d s are re
d e e m a b le a s a w h o le a t o p t io n o f c o m p a n y a t l l O a n d I n t. V .|8 8 , p . 5 4 , 1 0 0 3 .
SPRINGFIELD & XENIA RAILWAY CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In A u g . 1 9 0 6 t o s u c c e e d t h e S p r in g
D iv id e n d s . — In l.m .i. 3 ,;i? i i m i . i • i . ■ i o n : ) , &
In 1 9 0 3 , 6 % ; In 1 9 0 4 ,
field A X e n ia R y . , w h ic h w a s o r g a n iz e d In 190 4 t o s u c c e e d t h e S p r in g fie ld
6 % ; In 1 9 0 5 , 7 % : In 1 9 0 6 , 7 % ; in 1 9 0 7 , 7 % ; In 1 9 0 8 . 7 % ; in 1 9 0 9 , J a n . ,
A X e n ia T r a c tio n C o ., w h ic h h a d b e e n s o ld u n d e r fo r e c lo s u r e . V . 8 3 , p .2 1 4 .
1 H % ; A p r ., 1 H % : J u l y , 1 M % ; O c t ., 1 > % .
4
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
R E P O R T .— F o r fisc a l y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 2 ,4 5 4 ,5 8 5 : n e t ,
Common. $300,000 ($100).....................................
$300,000 ...................
$ 1 ,1 1 1 ,3 5 3 ; d e p r e c ia t io n , $ 2 3 8 ,6 0 0 ; c h a r g e d o ff t o p r o fit a n d lo s s , $ 8 ,5 3 3 ;
P re f, $ 3 0 0 ,0 0 0 ( $ 1 0 0 ) (s e e t e x t ) ----------------3 0 0 .0 0 0 A u g .'0 9 ,l) 4 %
I n te r e s t, $ 2 8 3 ,7 9 0 ; d iv id e n d s , $ 3 5 1 ,1 4 1 ; b a la n c e , $ 2 2 9 ,2 8 9 .
In 1907,
S to c k . — T h e p r e f. s to c k Is 5% c u m . a n d Is c o n v e r t ib le , p a r fo r p a r , In to
g r o s s , $ 2 ,0 9 6 ,3 8 5 ; n e t , $ 8 3 3 ,7 7 5 ; d e p r e c ia t io n , $ 2 0 0 ,0 0 0 : c h a r g e d o ff t o
first m tg e . 5% b o n d s w h e n n e t e a r n in g s r e a ch $ 2 0 ,0 0 0 p e r a n n u m .
p r o fit a n d l o s s , $ 3 4 ,6 6 1 : I n t ., $ 1 2 6 ,0 0 0 ; d l v s ., $ 3 2 1 ,2 0 0 ; b a la n c e , $ 1 5 1 ,9 0 2 .
D iv id e n d s . — F ir s t d iv id e n d o n p r e fe r r e d — 4 % — w a s p a id O c t . 1 1 9 0 8 .
P a s s e n g e r s c a r r ie d in 1 9 0 8 , 1 9 ,5 2 0 ,9 4 2 , a g a in s t 1 7 ,2 4 9 ,5 2 7 In 1 9 0 7 .
I n 1 9 0 9 , F e b ., 1% ; M a y , 1 ) 4 % ; A u g ., 1 ) 4 % .
R O A D .— S y s t e m c o n s is t s o f 9 7 .5 5 m ile s o f t r o lle y r o a d , I n c lu d in g 2 3 .6 8
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 6 6 ,6 8 7 ; n e t ,
m ile s o f s u b u r b a n lin o t o C h e n e y a n d M e d ic a l L a k e . T h e c a b le lin e h a s
$ 1 2 ,5 4 5 ; 1 9 0 7 , g r o s s , $ 6 4 ,0 4 0 ; n e t , $ 8 ,7 3 1 .
b e e n c h a n g e d t o t r o lle y .
R a lls , 3 5 t o 7 2 - lb . T .
D o e s a f r e ig h t b u s in e s s .
R O A D .— O p e r a te s 2 0 . m ile s o f t r a c k , c o n n e c tin g S p r in g fie ld a n d X e n ia .
O F F I C E R S .— P r e s ., H e n r y M . R ic h a r d s : 1 s t V . - P . a n d G e n . M g r ., D . L .
R a lls . 7 0 -lb . T ; fiv e c a r s.
H u n t in g t o n ; 2 d V . - P ., A . B . C a m p b e ll; S e c ., H . L . B le e c k e r ; T r e a s ., I I . E .
P r e s ., W a r r e n B I c k n e ll, C le v e la n d ; G e n . M g r ., M . A c k e r m a n , S p r in g P e r k s , a ll o f S p o k a n e .— V . 8 2 , p . 7 5 3 ; V . 8 4 . p . 2 2 2 , 6 2 7 ; V . 8 6 , p . 6 6 0 ,
f ie ld .— Y . 8 3 , p . 2 1 4 , 1 5 9 1 ; V . 8 7 , p . 9 3 7 ; V . 8 8 , p . 3 7 6 , 1 1 2 » , 1 2 5 5 .
854, 868; T . 8 7 , p . 1 3 5 8 , 1 534; V . 8 8 , p . 5 4 , 9 9 8 , 1 0 0 3 .
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S P R I N G F I E L D T R O Y & P I Q U A R Y . CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io A p r il 2 0 1 9 0 3 . F ra n ch ises
e x p ir e In 1 9 2 8 .
S T O C K A N D B O N D S —D a te.
In te re st. O u tsta n d in g .
L a st D iv .
$ 7 0 ,0 0 0 ------------------S t o c k . $ 7 0 0 ,0 0 0 ( $ 1 0 0 ) ................. .............................................
T h e r e a r e n o b o n d s . T h e r o a d w a s f in a n c e d b y Its o ffic ia ls ; $ 7 0 ,0 0 0 s t o c k
w a s I s su e d t o c o m p ly w it h la w r e q u ir in g Issu e o f 10% o f a u t h o r iz e d a m o u n t ,
R O A D .— O p e r a t e s 3 0 .4 6 m ile s b e t w e e n S p r in g fie ld a n d T r o y , O .; b e g a n
o p e r a tin g In J u l y 1 9 0 4 ; I n c lu d in g s e c o n d tr a c k a n d s id in g s , 3 3 m ile s .
R a lls .
6 0 a n d 7 0 lb . T .
S ta n d a r d g a u g e .
O F F I C E R S .— P r e s , a n d T r e a s ., J o h n L . B u s h n e ll; V . - P . a n d G e n . M g r .,
F r e d . J . G re e n ; S e c ., H . C . D I m o n d .
G en er a l o f fic e , S p r in g fie ld , O h io .—
V . 78, p. 2385.
____
SPRINGFIELD, VERMONT.
S P R I N G F I E L D E L E C T R IC R Y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— L e n g th o f r o a d , 8 m ile s , fro m S p r in g f ie ld . V t . , t o
C h a r le s to w n , N . I I .
F r e ig h t a n d p a s s e n g e r r o a d .
C a p ita l s t o c k , c o m m o n ( a u t h .) , $ 7 5 ,0 0 0 . a ll o u t s t a n d in g ; 6% p r e f. s t o c k ,
$ 9 ,5 0 0 ; 6% flo a tin g d e b t p r e f. s t o c k , $ 8 0 ,8 0 0 ; 1 s t r a tg e . fo r $ 1 0 0 ,0 0 0 o f
5% g o ld $ 5 0 0 a n d $ 1 ,0 0 0 c o u p o n b o n d s d a t e d ! N o
J*1897, due N ov. 1
1 9 1 7 ; l n t . M -N a t N a t io n a l S h a w m u t B a n k , B o s t o n
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 8 , g r o s s , $ 3 3 ,6 6 5 ; n e t , $ 7 ,8 1 0 ;
o t h e r I n c o m e , $ 8 6 7 ; g r o s s I n c o m e , $ 8 ,6 7 7 P r e s , a n d G e n . M g r ., E . C .
C r o sb y ; V . - P . a n d T r e a s ., M . A . C o o lld g e ; S u p t . , A . J . C r o s b y .— V . 6 4 ,
p . 10 4 3 ; V . 7 0 , p . 7 9 3 .
STATEN ISLAND, N. Y.
RICHMOND LIGHT & RR. CO
O R G A N I Z A T I O N .— T h is c o m p a n y w a s fo r m e d a s a r e o r g a n iz a t io n o n
A u g . 18 190 2 of t h e S t a t e n I s la n d E le c tr ic R R ., N e w Y o r k & S t a t e n I s la n d
E le c tr ic C o . a n d t h e R ic h m o n d C o u n ty P o w e r C o .
O w n s t h e e n t ir e c a p ita l
of t h e c o r p o r a tio n o w n in g t h e p r o p e r tie s o f t h e N e w J e r s e y & S t a t e n I s la n d
F e r r y C o. T h e s h a r e s a r e h e ld b y H e n r y H . R o g e r s , W a lte r G . O a k m a n
a n d W m . L . B u ll In a v o t in g t r u s t , d a t e o f e x p ir a t io n o f w h ic h h a s b e e n
e x te n d e d to A u g . t9 1 2 .
F o r te r m s o f r e o r g a n iz a tio n a n d c o m p le t e s t a t e
m e n t o f p la n , s e e V . 7 4 , p . 1 0 9 1 . F ra n ch ise s a r e p e r p e tu a l.
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................................$ 2 ,8 7 1 ,7 5 0
....................
F ir s t c o lla t e r a l t r u s t m t g ) 1 9 0 2 4 g J -J
2 ,2 0 0 ,0 0 0 J u ly 1 1 9 5 2
$ 2 ,5 0 0 ,9 0 0 g o l d .............. .......... / l n t . a t G u a r a n ty T r u s t C o ., N . Y . , tr u s t e e .
L o a n s p a y a b le J u n e 30 1 9 0 8 .................................................
5 2 6 ,5 0 0
....................
B a n d s . — $ 3 0 0 ,0 0 0 ar e r e se r v e d fo r t h e a c q u is it io n o f n e w p r o p e r ty .
E A R N I N G S .— F o r y e a r e n d in g J u n e 30 1908 (n o t I n c lu d in g fe r r y c o m
p a n y ) w e r e : G r o s s , $ 6 5 1 ,8 4 5 : n e t , $ 9 9 ,2 4 3 ; I n te r e s t a n d t a x e s , $ 1 0 8 ,0 0 0 ;
d e f ic it , $ 8 ,7 5 7 .
R O A D .— R o a d fro m S o u t h B e a c h t o H o w la n d H o o k , 1 0 .7 m ile s; b r a n c h e s
R ic h m o n d A v e . to B u ll’s H e a d a n d C lo v e R o a d , 8 .1 5 m ile s; s e c o n d t r a c k ,
1 2 .1 3 m ile s; s id in g s , .0 4 m ile ; t o t a l t r a c k , 3 1 .0 2 m ile s: 9 0 l b . g ir d e r C a m
b ria a n d 8 5 - lb . g ir d e r J o h n s o n s t e e l r a ils; 103 p a s s e n g e r a n d 8 o t h e r c a r s.
O F F I C E R S .— P r e s . , ------------------------; V .- P . a n d G e n . M a n ., S . F . H a z le rlgg; S e c ., J . E . P h illip s ; T r e a s ., H . H . R o g e r s J r .— V . 7 5 , p . 7 8 , 2 9 1 .
STATEN ISLAND AllDLAND RAILWAY CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k o n J a n . 16 1 9 0 7 a s a
r e o r g a n iz a t io n o f t h e S t a t e n I s la n d M id la n d R a ilro a d C o. s o ld u n d e r s e q u e s
t r a t io n p r o c e e d in g s o n J a n . 3 1 9 0 7 .— V . 8 4 , p . 2 2 2 .
STO C K A N D B O N D S.
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ...................................................
$ 1 ,0 0 0 ,0 0 0 .........................
S I M id R R 1 s t m t g $ 1 , 0 0 0 ,0 0 0 / 1 8 9 6
5 g J J
1 ,0 0 0 ,0 0 0 J a n 21 1 9 2 6
o ld ( $ 1 ,0 0 0 ) _____________ c+ ) l n t . a t F a r m e r s ’ L . & T r . C o ., N . Y . ,t r u s t e e .
I n k in g fu n d a f te r 5 y e a r s b u t b o n d s c a n n o t b e c a lle d .
R O A D .— O w n s 2 7 .6 8 m ile s o f t r a c k , I n c lu d in g s e c o n d t r a c k , 1 1 .4 6 m ile s;
o p e r a te s u n d e r t r a c k a g e r ig h ts , .1 m ile ; t o t a l t r a c k , 2 7 .7 8 m ile s; r a ils , 65
t o 70 lb . T rail a n d 9 0 - lb . g ir d e r .
E A R N I N G S .— Y e a r e n d in g J u n e 3 0 1 9 0 8 , G r o s s , $ 2 3 3 ,9 5 0 ; n e t . $ 4 4 ,8 3 8 ;
c h a r g e s , $ 5 5 ,0 0 0 , b a l .. d e f .. $ 1 0 ,1 6 2 .
O F F I C E R S .— P r e s ., S . F . H a z e lr ig g ; V . - P . a n d T r e a s ., H . H , R o g e r s J r .
26 B r o a d w a y . N e w Y ork ; S e c ., J . E . P h i l l i p s . — V . 8 4 , p . 2 2 2 .
§
STOCKTON, CALIFORNIA.
C E N T R A L C A L I F O R N I A T R A C T I O N C O .— A n e le c t r ic r o a d .
O R G A N I Z A T I O N .— O r g a n iz e d In C a lifo r n ia In A u g . 1 9 0 5 t o c o n s tr u c t
a n In te r u r b a n s y s t e m o f e le c t r ic r o a d s fo r p a s s e n g e r s a n d fr e ig h t In t h e c e n
t r a l v a l le y s o f C a lifo r n ia . R o a d w ill o p e r a te o v e r p r i v a t e r ig h t o f w a y ,
e x c e p t in t h e c it i e s .
F r a n c h is e s In a ll t h e c it i e s o f t h e s y s t e m ru n fo r 50
yea rs.
A n a d d it io n a l f r e ig h t a n d p a s s e n g e r f r a n c h is e w a s a w a r d e d c o m
p a n y In M a y 1 9 0 9 fo r C it y o f S a c r a m e n t o .
A n a s s e s s m e n t o f $ 5 a sh a r e
w a s c a lle d fo r p a y m e n t o n o r b e fo r e F e b . 2 0 1 9 0 8 . V . 8 6 , p . 6 6 7 .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................- .............................
$ 1 , 9 3 9 ,3 0 0 .........................
F ir s t
m o rtg a g e
$ 1 ,5 0 0 ,0 0 0 ) 1 9 0 6
5 g A -O
5 1 6 ,0 0 0 A p r il 1 1 9 3 6
($ 1 ,0 0 0 ) g o ld s in k in g f u n d / l n t . a t U n io n T r u s t C o . o f S a n F r a n ., T r u s .
B o n d s .— O f t h e $ 1 ,5 0 0 ,0 0 0 1 s t m t g e . b o n d s , $ 9 8 4 ,0 0 0 a r e r e s e r v e d fo r
f u tu r e e x t e n s i o n s a n d I m p r o v e m e n t s . S in k in g fu n d b e g in s In 1 9 1 2 w it h
$ 1 5 ,0 0 0 p e r y e a r fo r 10 y e a r s , $ 3 0 ,0 0 0 p e r y e a r fo r t h e s u c c e e d in g 10 y e a r s ,
a n d $ 4 5 ,0 0 0 p e r y e a r fo r t h e r e m a in in g 4 y e a r s .
B o n d s a r e r e d e e m a b le o n
a n y I n t e r e s t d a y a t 105 a n d I n t e r e s t o n 6 0 d a y s ’ n o t ic e .
R O A D .— O p e r a te s 10 m ile s o f t r a c k In t h e c i t y o f S t o c k t o n . A n e x t e n
s io n t o L o d i (14 m ile s) w a s c o m p le t e d A u g . 31 1 9 0 7 . T o t a l t r a c k o p e r a te d ,
28 Vi m ile s .
A lin e fr o m L o d i t o S a c r a m e n t o Is u n d e r c o n s t r u c t io n . C o m
p a n y c a r r ie s W e lls , F a r g o e x p r e s s a n d U . S . m a ll.
O F F I C E R S .— P r e s ., A ld e u A n d e r s o n ; V . - P . , Af. F le ls h h a c k e r ; S e c . a n d
T r e a s ., W a lte r A r n s te ln ; G en . M g r., S . B . M c L e n e g a n ; G e n . A n d ., H . A .
M itc h e ll.
O ffic e 3 4 7 G ra n t A v e . , S a n F r a n c is c o .— V . 8 3 , p . 3 7 0 ; V . 8 4 ,
p . 507, 867; V . 8 6 , p . 667
•
S T O C K T O N E L E C T R IC R R .— A t r o lle y r o a d .
F o r s t a t e m e n t o f t h is c o m p a n y s e e " E le c t r ic R y . S e c ." o f J u n e 26 1 9 0 9 .
STREATOR, ILLINOIS.
I L L I N O I S L IG H T & T R A C T IO N C O .
O R G A N I Z A T I O N .— I n c o r p o r a te d In I llin o is In O c t. 1 9 0 5 a n d Is a c o n s o li
d a t io n o f t h e P e o p le ’s L ig h t & R y . C o . a n d t h e S t r e a t o r G a s & L ig h t C o .
In
J u n e 1 9 0 6 w e w e r e a d v i s e d t h a t fr a n c h is e s m a tu r e d In 2 0 t o 2 5 y e a r s .
STO C K A N D B O N D S—
D a te . In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 5 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 2 5 0 ,0 0 0 .........................
P r e f $ 1 5 0 ,0 0 0 5% c u m ( $ 1 0 0 ) .........................................
1 5 0 .0 0 0 .........................
N e w m tg $ 1 ,5 0 0 ,0 0 0 g o ld )
1905 5 g M N
3 1 5 .0 0 0
1925
( $ 1 ,0 0 0 ) ...... .............................c *) I n t e r e s t a t C le v e la n d (O .) T r u s t Cc*. t r u s t e e .
S t r e a t o r G & L t M $ 6 0 ,0 0 0 .............
6
F -A
6 0 ,0 0 0
1913
B o n d s .— O f t h e $ 1 ,5 0 0 ,0 0 0 n e w b o n d s , $ 6 0 ,0 0 0 a r e r e se r v e d fo r p r io r
lie n s a n d $ 1 ,1 2 5 ,0 0 0 fo r o t h e r p u r p o s e s .
A s in k in g fu n d o f 2% o f b o n d s
c o m m e n c e s a fte r 5 y e a r s.
B o n d s a r e s u b j e c t t o c a ll a f t e r 5 y e a r s a t 1 0 5 .
See V . 8 1 , p. 1492.
, ,
,,
R O A D .— O p e r a te s 6 Vi m ile s o f t r a c k .
R a l l s , 5 2 lb . g ir d e r . A ls o d o e s
lig h t in g b u s in e s s .
„
„ „
O F F I C E R S .— P r e s , a n d G e n . M g r ., G . D . M c G w In n . S tr e a to r ; V . - P ..
M . S n y d e r ; S e c . a n d T r e a s ., A . A . M c C a s lI n .— V . 8 1 , p . 1 4 9 2 ; V . 8 2 ,
p. 280.
_________
. __________
A
.
SYRACUSE, N. Y.
SYRACUSE LAKE SHORE & NORTHERN RR.—A
t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k o n S e p t . 9 1 9 0 5 , a n d Is
s u c c e s s o r , t h r o u g h fo r e c lo s u r e , o f t h e S y r a c u s e L a k e s id e & B a ld w ln s v llle
R y . V . 8 1 , p .1 0 4 5 .
I n J u n e 1 9 0 9 p u r c h a s e d t h e O sw e g o T r a c t io n C o ., s o ld
a t f o r e c lo s u r e , a n d o p e r a t e s t h a t p r o p e r ty a s Its O sw e g o D iv i s i o n .
P r iv a te
r ig h t o f w a y e x c e p t th r o u g h c it i e s a n d v i ll a g e s , w h e r e f r a n c h is e s a r e p e r
p e t u a l.
P o w e r Is p u r c h a s e d fr o m N ia g a r a L o c k p o r t & O n ta r io P o w e r C o.
STOCK A N D B O N D S —
D a te.
Interest. O utstan din g.
M a tu r ity .
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
$ 1 , 9 7 5 ,0 0 0 .........................
P r e f . 6 % n - c . $ l , 0 0 0 .0 0 0 ( $ 1 0 0 ) ....................................
1 ,0 0 0 ,0 0 0 .........................
1st m o r t g a g e . $ 2 ,5 0 0 ,0 0 0 . g j 1 9 0 7
5 g M -N
1 ,8 7 5 ,0 0 0 M a y 1 1 9 4 7
( $ 1 , 0 0 0 ) ................................... c * ) I n t . a t K n ic k e r b o c k e r T r . C o .. N . Y . . T r u s .
B o n d s . — A r e s u b j e c t t o c a ll o n M a y 1 1 9 1 7 o r a n y in t e r e s t d a t e th e r e a fte r
a t 1 1 0 & l n t . u p o n 6 0 d a y s ’ n o t ic e .
N o s in k in g f u n d .
V . 88, p . 1501.
R E P O R T .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 (fo r s ix m o n th s J u ly 1 1 9 0 8 to
J a n . 1 1 9 0 9 o n 13 m ile s fr o m S y r a c u s e to B a ld w ln s v llle o n l y ) , g r o s s , $ 2 0 8 ,
50 1 ; n e t , $ 6 4 ,9 3 0 ; o t h e r I n c o m e , $ 2 0 ,2 0 8 ; f ix e d c h a r g e s , & c ., $ 6 8 ,1 4 1 ;
s u r p lu s , $ 1 6 ,9 9 7 .
R O A D .— O p e r a te s 3 8 m ile s o f tr a c k fr o m S y r a c u s e t e F u lt o n a n d 11 H
m ile s in a n d a r o u n d O sw e g o ( fo r m e r ly O sw e g o T r a c t io n ) ; t o t a l , 4 9 V i m il e s .
S ta n d a r d g a u g e .
R a lls , 4 5 t o 1 1 0 lb . 6 0 c a m . R o a d Is to b e e x t e n d e d
to O s w e g o , 3 7 m ile s , o f w h ic h 2 7 .4 m ile s to F u lt o n w a s c o m p le t e d J a n . 1
1 9 0 9 ; r e m a in d e r to b e c o m p le t e d d u r in g 1 9 1 0 .
O F F I C E R S .— P r e s . & G e n . M g r ., C . D . B e e b e ; V . - P s ., H . S . H o ld e n a a
C . B . B e n s o n ; T r e a s ., W illis A . H o ld e n : S e c ., H . C. B e a t t y ; A s s t . G e n . M gr
R . A . D y e r J r .— V . 8 1 , p . 1 0 4 5 ; V . 8 4 . p . 5 7 1 , 6 2 7 , 1 1 8 3 ; V . 85, p. 6
V . 8 8 , p . 150 1 1 5 6 1 .
S Y R A C U S E & S O U T H B A Y E L E C T R IC R R .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k M a rch 11 1 9 0 7 a s s u c
c e s s o r o f t h e S y r a c u s e & S o u t h B a y R y . , s o ld a t f o r e c lo su r e o n F e b . 21 1 9 0 7 .
V . 84, p .6 2 7 .
A ll p r iv a t e r ig h t o f w a y . P o w e r Is p u r c h a s e d fr o m N ia g a r a ,
L o c k n o r t & O n ta r io P o w e r C o . C o m p a n y t h r o u g h s t o c k o w n e r s h ip o f
O n e la a L a k e T e r m in a l C o . o w n s 3 0 0 a c r e s o f la k e fr o n ta g e o n O n e id a L a k e .
O p e r a te s s t e a m s h ip lin e o n O n e id a L a k e ; a ls o a p le a s u r e p a r k o n F r e n c h
m a n ’s I s la n d .
STOCK A N D B O N D S —
D a te.
In terest. O u tstan din g.
M a tu r ity .
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . ..................................................................... $ 7 0 0 ,0 0 0
..........................
P r e f, 6 % n - c , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) . ..................................................................... 3 0 0 .0 0 0
..........................
l s t m t g e , $ 1 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ) 1 9 0 7
5 g J -D
5 5 0 ,0 0 0 M a y 1 1 9 4 7
g o ld ...................................... . . c * J T r u s t C o . o f A m e r ic a , N e w Y o r k , T r u s t e e .
B o n d s .— A r e s u b j e c t to c a ll a t 11 0 o n M a y 1 1 9 1 7 o r o n a n y I n te r e s t d a y
t h e r e a f t e r o n 6 0 d a y s ’ n o t ic e . N o s in k in g f u n d .
R O A D .^ —O p e r a te s a d o u b le - tr a c k lin e o v e r p r iv a t e r ig h t o f w a y fr o m
S y r a c u s e t o O n e id a L a k e , 10 m ile s .
H a s t r a f f ic a g r e e m e n t w it h S y r a c u s e
R a p id T r a n s it C o . t o e n t e r S y r a c u s e .
R o a d b e g a n o p e r a tio n s A u g . 2 8
1 9 0 8 . 8 5 - lb . T r a i l .
G a u g e , 4 f e e t 8 Vi I n c h e s . 2 2 c a r s.
O F F I C E R S .— P r e s ., C . D . B e e b e ; V . - P s .. F . W . R o e b lln g , T r e n t o n ,
N . J . , a n d E . H . O ’H a r a , S y r a c u s e ; S e c ., H . C . B e a t t y , S y r a c u s e ; A c t in g
T r e a s ., W . W . F o s t e r .— V . 8 4 . p . 6 2 7 , 1 1 8 3 .
S Y R A C U S E & S U B U R B A N R R .— A t r o lle y r o a d .
_______________________________________ |y ___ ______ J,. S t a n l e y , V ic e - P r e s id e n t
In F e b . 1 9 0 9 a s y n d i c a t e h e a d e d b M r. J o h n
o f t h e S y r a c u s e R a p id T r a n s i t , p u r c h a s e d t h e s t o c k o f t h e S y r a c u s e &
Suburban.
V. 88, p. 507.
O R G A N I Z A T I O N .— C h a r te r e d J u n e 2 9 1 8 9 5 . F ra n c h ise s a r e p e r p e tu a l
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k ( $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 4 0 0 ,0 0 0 .........................
F ir s t m t g $ 4 0 0 ,0 0 0 ($ 5 0 0 a n d ) 1 8 9 7
5 g F A
4 0 0 ,0 0 0 A u g 2 1 9 2 7
$ 1 ,0 0 0 ) g o l d .............................. c, l n t . a t F i d e li t y T r u s t C o ., P h i la ., t r u s t e e .
N e w c o n s m t g $ 5 5 0 ,0 0 0 ($ 5 0 0
1903
5 g M N
1 5 0 ,0 0 0 M a y 1 1 9 5 3
a n d $ 1 ,0 0 0 ) g o l d ............_ .c * . l n t . a t F i d e li t y T r u s t C o ., P h i la ., t r u s t e e .
_
B o n d s .— O f t h e 1 9 0 3 c o n s , m t g . , $ 4 0 0 ,0 0 0 a r e r e s e r v e d fo r p r io r l ie n s .
E A R N I N G S .— F o r t h e y e a r t o J u n e 3 0 1 9 0 8 , g r o s s , $ 1 1 7 ,3 4 4 ; n e t ,
$ 5 0 ,6 4 6 ; c h a r g e s , $ 3 7 ,1 0 5 ; s u r p lu s , $ 1 3 ,5 4 1 ; 1 9 0 7 , g r o s s , $ 1 0 7 ,4 7 2 ; n e t ,
$ 4 8 ,4 6 1 ; c h a r g e s , $ 3 6 ,4 9 8 ; s u r p lu s , $ 1 1 ,9 6 3 .
R O A D .— O p e r a te s 1 8 .0 8 m ile s o f tr a c k fro m S y r a c u s e t o E d w a r d s F a l l s ,
w ith b r a n c h e s fro m O r v ille t o J a m e s v lllc a n d fro m C r o w le y t o D e w it t ;
s ta n d a r d g a u g e ; r a ils , 60 a n d 9 0 lb s; 14 p a s s e n g e r a n d 5 o t h e r c a r s.
O F F I C E R S .— P r e s ., C . L o o m is A llen ; V . - P ., W illia m P . G a n n o n ; S e c .
a n d T r e a s ., G ile s H . S t llw e ll; G e n . M g r ., W . B . R o c k w e ll .— V . 7 6 , p . 1 3 0 2 ;
V. 88, p. 507.
-
TAMPA, FLORIDA.
T AM P A E L E C T R IC C O .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In F lo r id a o n O c t . 31 1 8 9 9 .
O wns
e n t ir e s t r e e t r a ilw a y a n d t h e e n tir e e le c t r ic l ig h t in g p la n t s In T a m p a a n d
P ort T am pa.
F r a n c h is e Is fo r 9 9 9 y e a r s fr o m 1 8 9 9 . $ 7 5 ,0 0 0 s t o c k Is h e ld
b y t h e P u b lic S e r v ic e I n v e s t m e n t C o .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
10 M -N
$ 1 ,7 0 0 ,0 0 0 M a y l o ’0 8 ,3 Vi
S t o c k , $ 1 ,7 0 0 ,0 0 0 ( $ 1 0 0 ) .................
1 s t m tg e . $ 2 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) 1 9 0 8
5 J -D
6 0 0 ,0 0 0
June 1 1 9 3 3
a n d $ 5 0 0 ) g o l d _________ c* / l n t . a t A m e r ic a n T r u s t C o ., B o s t o n , t r u s t e e .
B o n d s .— R e m a in in g b o n d s a r e r e s e r v e d fo r e x te n s io n s a n d I m p r o v e m e n t s .
B o n d s a r e s u b j e c t to c a ll a t 1 0 5 a n d l n t . o n a n y l n t . d a t e . S in k , fu n d o f 1 %
o f b o n d s o u t s t a n d in g y e a r ly Is t o b e a p p lie d t o p u r c h a s e o f b o n d s a t n o t
o v e r 1 0 5 a n d l n t . , b o n d s s o b o u g h t t o b e c a n c e le d .
V . 86. p . 1468.
D iv id e n d s . — 5 % s e m i- a n n u a lly fo r s e v e r a l y e a r s u p t o N o v . 1 9 0 7 , w h e n
a d iv id e n d o f 2% w a s p a id .
I n 1 9 0 8 , 7 % ; In 1 9 0 9 , M a y . 3 V i% .
R E P O R T .— F o r 12 m o n th s e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 5 5 2 ,5 7 4 ; n e t ,
$ 1 8 4 ,6 6 5 ; c h a r g e s a n d t a x e s , $ 3 6 ,0 2 4 ; s in k in g f u n d , $ 3 ,7 5 0 ; d iv id e n d s ,
$ 1 1 9 ,0 0 0 ; b a la n c e , $ 2 5 ,8 9 1 .
I n 1 9 0 7 , g r o s s . $ 5 2 1 ,1 8 1 ;
e t a f te r t a x e s ,
$ 1 3 3 ,0 5 1 ; c h a r g e s , $ 6 ,5 3 0 ; d iv id e n d , $ 1 1 9 ,0 0 0 ; b a la n c e , $ 7 ,5 2 1 .
R O A D .— O p e r a te s 4 0 Vi m ile s o f t r a c k In T a m p a a n d t o P o r t T a m p a .
S ta n d a r d g a u g e .
R a lls , 4 0 t o 6 0 lb s . 6 6 c a r s.
O w ns 2 am u sem en t p ark s.
O F F I C E R S .— P r e s ., G e o . J . B a ld w in ; V . - P s ., P . O . K n ig h t a n d C h a s.
F . W a lla c e ; T r e a s ., H e n r y B . S a w y e r ; S e c ., A lv a h K . T o d d ; G e n . M g r. a n d
T r a n s fe r A g e n t s , S t o n e & W e b s te r , B o s t o n .— V . 7 8 , p . 1 9 6 6 ; V . 8 1 , p . 1 6 1 1 ;
V . 8 5 , p . 1 2 7 1 ; V . 8 6 . p . 1 3 4 5 ; 1 468; V . 8 7 , p . 3 4 7 , 5 4 6 .
TARENTUM, PA.
A L L E G H E N Y V A L L E Y S T R E E T R Y . CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d J a n . 1 9 0 6 In P e n n s y l y a n la a s a
c o n s o lid a t io n o f t h e T a r e n t u m P a s s e n g e r R y . , H a r m e r S t . R y . a n d O ’H a r a
S t. R y.
V. 82, p 1039.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y
$ 2 ,0 0 0 ,0 0 0
....................
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 5 0 ) ...................................................
1st m tge. $2,000,000, gold
1 1906
5 g F-A
1,460,000 Feb 1 1936
n o t r e d e e m a b le ---------- c & r / I n t . a t U n io n T r . C o .. P itt s b u r g h , t r u s t e e .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 6 9 ,8 1 7 ; n e t ,
$ 6 1 ,1 8 4 ; f ix e d c h a r g e s , $ 7 5 ,5 7 3 ; d e f ic it , $ 1 4 ,3 8 9 .
R O A D . - O n e r a i e s 22 m ile s o f tr a c k c o n n e c t in g A s p ln w a ll. N a t r o n a ,
A r n o ld , T a r e n t u m a n d P a r n a s s u s . R o a d Is n o w b e in g o p e r a te d d ir e c t ly
In to P itt s b u r g h o v e r t h e t r a c k s o f t h e P itt s b u r g h R y s . C o . G a u g e 5 f t . 2 H
I n c h e s . 8 0 - lb . g ir d e r r a il.
O F F I C E R S .— P r e s ., W . L . M ello n ; S e c ., G e o . S . D a v is o n ; T r e a s ., R . B .
M ello n ; a ll o f P itt s b u r g h (F r ic k B ld g . A n n e x ); G e n . M g r ., F r a n k M c C o y ,
T a r e n tu m . V . 8 2 , p . 1 039.
TAUNTON, MASSACHUSETTS.
T A U N T O N & P A W T U C K E T S T R E E T R Y .— T r o lle y .
D e fa u lt .— I n t e r e s t d u e J a n . 1 1 9 0 9 o n t h e $ 2 0 0 ,0 0 0 B r is to l C o . b o n d s
w a s d e f a u lt e d .
V. 88, p . 453.
F o r b o n d h o ld e r s ’ c o m m it t e e . Ree V . 8 8 ,
p 884.
I n J u n e 1 9 0 9 t h e F e d e r a l T r u s t C o . o f B o s t o n , a s t r u s t e e , a p p lie d
t o t h e S u p e r io r C o u rt a t B o s t o n fo r t h e a p p o in t m e n t o f a r e c e iv e r .
V.
8 8 . p . 1 6 2 2 . I n O c t. 1 9 0 9 s u i t w a s s t ill b e in g h e a r d b e f o r e a M a s te r .
O R G A N I Z A T I O N .— S u c c e s so r In 1 9 0 5 t o t h e B r is to l C o u n ty S t r e e t R y .
s o ld a t r e c e iv e r ’s s a le D e c . 17 1 9 0 4 , s u b j e c t t o t h e m o r t g a g e g iv e n b e lo w
Is a u th o r iz e d to c a r r y fr e ig h t . F ra n ch ise s p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 1 0 0 ,0 0 0 .........................
S t o c k $ 1 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
B r is to l C o 1 s t m t g $ 2 5 0 ,0 0 0 ) 1 9 0 1
5 g J J
2 0 0 ,0 0 0
J a n 1 1921
($ 1 ,0 0 0 ) g o l d ...... ................_c*j I n t e r e s t a t F e d e r a l T r u s t C o ., B o s t o n , t r u s t e e
C u rr e n t lia b ilit ie s S e p t . 3 0 1 9 0 8 ....................................
5 7 ,1 0 3 .............. ...........
B o n d s .— B o n d s c o u ld f o r m e r ly b e c a lle d fo r p a y m e n t o n J a n . 1 1 9 0 6 a t
105 o n fo u r w e e k ’s n o t ic e b u t b y a s u p p le m e n t a l m o r t g a g e d a t e d A u g . 20
1001 r ig h t w a s r e sc in d e d .
E A R N I N G S .— F o r y e a r e n d in g S e p t . 3 0 1 9 0 8 , g r o s s , $ 5 1 ,4 5 3 ; n e t ,
$ 4 ,4 8 5 ; c h a r g e s , $ 1 2 ,0 3 6 : d e f ic it, $ 7 ,5 5 1 .
R O A D .— O w n s 1 7 Vi m ile s o f t r a c k , 9 0 - lb . g ir d e r a n d 56 a n d 6 0 - lb . T
r a il.
O p e r a te s 5 m ile s a d d it io n a l, t o t a l o p e r a te d , 2 2 m ile s .
16 c a r s.
O F F I C E R S .— P r e s .. J o h n A . A r n o ld : T r e a s ., G eo . H . N e w h a ll: S e c . ,
J a s . W . B u rk e; G en . M g r ., A . C. R a lp h . V . 7 9 , p . 2 7 4 6 ; V . 8 8 , p . 4 5 3 , 8 8 4 ,
1622.
TEMPLE, TEXAS.
B E L T O N & T E M P L E T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d M a y 5 1 9 0 4 In T e x a s .
O p e r a te * b e
tw e e n B e lto n a n d T e m p le , T e x . , 1 4 .3 m ile s. S t o c k a u t h o r iz e d a n d o u t
s ta n d in g . $ 3 0 0 ,0 0 0 .
B o n d s a u t h ., $ 3 0 0 ,0 0 0 ; o u t s t a n d in g , a b o u t $ 2 7 1 ,0 0 0
5% g o ld , ln t . F - A , d a t e d 1 9 0 4 , d u e A u g . 1 1 9 3 4 , b u t s u b j e c t t o c a ll a f te r
A u g . 1 9 1 4 ; l n t . a t R c e d s v llle ( P a .) N a t io n a l B a n k .
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E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 4 2 ,2 5 1 ; In 1 9 0 7 , g r o ss
$ 4 4 ,9 8 5 .
O F F I C E R S .— P r e s ., S a m u e l W a t t s , L e w ls t o w n , P a .; V . - P ., A . F . B e n t
l e y , T e m p le ; S e c ., A . C . M a y e s, L e w ls t o w n . P a .; T r e a s ., I I . E . A h r e n s ,
R e a d in g , P a .; G e n . M gr , W . G . H a a g , T e m p le .
T H O M P S O N V IL L E , C O N N E C T IC U T .
H A R T F O R D & S P R I N G F I E L D S I R E E l R Y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— W a s fo r m e r ly k n o w n a s th e E n lle ld & L o n g m e a d o w
E le c t r ic R y . (w h ic h w a s I n c o r p o r a te d o n F e b . 11 1 8 9 5 ) , b u t In M a y 1901
s to c k h o ld e r s v o t e d t o c h a n g e t h e n a m e a s a b o v e , a n d t o r e c o n s t r u c t a n d
r e -e q u lp r o a d .
C o n n e c t s w ith t h e H a r tfo r d S t r e e t R y . In H a r tfo r d a n d th e
S p r ln g lle ld S t r e e t R y . in S p r in g fie ld , M a ss.
I n J u n e 1901 p u r c h a s e d th e
E a s t W in d s o r S t r e e t R y . C o. F ra n ch ise s p e r p e tu a l.
C o n tr o lle d th e S o m
e r s & E n fie ld E le c tr ic R y . C o ., w h ic h o n A p ril 1 190 4 w a s m e r g e d In th e
H a r tfo r d & S p r in g fie ld S t r e e t R y . V . 7 8 , p . 1 4 4 6 . A ls o p u r c h a s e d t h e p r o p
e r t y o f t h e W in d s o r L o c k s T r a c t io n Co , s u b j e c t t o Its m o r t g a g e .
In 1905
t h e L e g is la t u r e g r a n te d p e r m is s io n t o I n c r ea se s to c k t o $ 1 ,0 0 0 ,0 0 0 fr o m t im e
t o t im e , p a r t t o b e p r e fe r r e d , a n d a ls o t o e x t e n d t im e fo r c o n s t r u c t io n u n t il
J u ly 1 1 9 0 7 . S e e V . 7 9 , p . 2 6 9 7 .
In J u ly 1 9 0 6 a b s o r b e d t h e R o c k v ille
B r o a d B r o o k & E a s t W in d s o r S t r e e t R y . . w h ic h o p e r a te d 14 m ile s o f tr a c k
f r o m W a r e h o u s e P o in t t o R o c k v ille .
V . 8 3 , p. 213.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
$ 5 0 0 ,0 0 0 ..........................
C o m m o n $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................... ..
P r e fe r r e d $ 2 8 5 ,0 0 0 6 % , n o n _ \
„
.
c u m ., r e d e e m a b le a t 1 1 0 __J ____
6 M N
2 8 5 ,0 0 0 N o v 0 7 ,3 %
F ir s t m t g $ 6 0 0 ,0 0 0 ($ 1 ,0 0 0 )1 1901
5 g J J
6 0 0 ,0 0 0 J u ly 1 1021
g o ld _______________________ c*J I n t e r e s t p a y a b le a t A m e r ic a n T r u s t C o .,
1
B o s to n ; T r e a s . o f C o n n e c t ic u t, t r u s t e e .
W in d s o r L o c k s 1 s t m t g $ 3 0 0 ,1 1 9 0 4
5 g J J
1 6 1 ,0 0 0 J u ly 1 1024
0 0 0 g ($ 1 ,0 0 0 ) g u a r p & l . c * f I n t . a t A m e r ic a n T r u s t C o .. B o s to n
R o c.k v B B & E W in d 1 s t m tg l 1 9 0 6
5 g A -O
2 0 0 ,0 0 0 A p ril 2 1 0 2 6
$ 3 0 0 ,0 0 0 , g , g u ( $ 1 . 0 0 0 ) - c * / I n t . a t A m .T r .C o .,B o s .; T r e a s . o f C o n n .,T r u s .
L o a n s a n d n o t e s p a y a b le J u n e 3 0 1 9 0 9 ----------------------- 4 6 ,0 0 0
____________
B o n d s . — S e e V . 7 8 , p . 1 2 2 3 . T h e W in d s o r L o c k s b o n d s a r e g u a r a n t e e d
p r ln . a n d I n t ., b y t h e H a r tfo r d & S p r in g fie ld S t r e e t R y .: $ 1 3 9 ,0 0 0 a r e r e
s e r v e d for a d d it io n s a n d I m p r o v e m e n ts
T r u s t e e , T r e a su r e r o f S t a t e o f
C o n n e c t ic u t. T h e s e b o n d s a re s u b j e c t to c a ll a t 110 a n d I n t. o n a n y Int.
d a te.
T h e R o c k v ille B r o a d B r o o k & E a s t W in d s o r S t r e e t R y ; b o n d s a re
g u a r a n t e e d p r ln . a n d In t. b y t h e H a r tfo r d & S p r in g fie ld S t r e e t R y .
T h ey
a r e s u b j e c t t o c a ll a t 110 a n d In t.
D iv id e n d s . — O n p r e f. In 1 9 0 6 , 6 % ; In 1 9 0 7 , 6 % ; n o n e s in c e to S e p t . 1 9 0 9 .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 8 8 ,9 7 4 ; n e t ,
$ 6 3 ,2 8 2 ; I n t. a n d t a x e s , $ 6 3 ,1 7 0 ; s u r p lu s , $ 1 1 2 .
R O A D .— O w n s 16 m ile s o f tr a c k fr o m S t a t e L in e t o E a s t W in d s o r H ill,
w h ic h w a s f o r m a lly o p e n e d o n J a n . 15 1 9 0 2 , a n d 7 .8 5 7 m ile s (fo r m e r ly
S o m e r s & E n fie ld E le c . R y .) fro m T h o m p s o n v llle t o S o m e r s .
A ls o a lin e
fr o m S u f f le ld to a c o n n e c tio n w ith t h e H a r tfo r d S t . R y . , O H m ile s , a n d a
lin e fro m W a r e h o u s e P o in t t o B r o a d B r o o k , 14 H m ile s.
H a s tr a c k a g e
r ig h ts In H a r tfo r d a n d S p r in g fie ld , m a k in g t o t a l m ile a g e o p e r a te d . I n c lu d in g
s id in g s . 48 .1 m ile s .
S ta n d a r d g a u g e .
60 and 70 lb . T rail
5 3 c a r s.
O F F I C E R S .— P r e s ., W m . A . T u c k e r , B o s t o n : V . - P . , T h o s . C . P e r k in s;
S e c ., A r th u r P e r k in s , H a r tfo r d : T r e a s ., C h a u n c e y E ld r ld g e , B o s to n ; G e n .
M g r ., H . S . N e w t o n .— V . 8 3 , p .2 1 3 : V . 8 4 . p .1 0 2 : V .8 0 , p.U O O ; V .8 8 , p .1 0 0 .
T O L E D O , O H IO .
T O L E D O R A I L W A Y S & L I G H T C O .— A tr o lle y r o a d .— (S e c M a p o n
vage 113.)
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n J u ly 1 1901 a s a r e o r g a n i
z a tio n o f t h e T o le d o T r a c t io n C o .
C o m p r ise s a ll t h e s t r e e t r a ilw a y s In
T o le d o ; a ls o a ll e le c t r ic - lig h tin g , p o w e r a n d g a s b u s in e s s o f t h e c i t y .
H as
c o n t r a c t w it h c it y fo r s t r e e t lig h t in g u n t il J a n . 1 1 9 1 7 . A ls o o w n s e n tir e
c a p ita l s to c k o f M a u m e e V a lle y R y s . & L t ., e n tir e $ 1 0 ,0 0 0 s to c k o f th e
O tt a w a P a r k S t . R y . , w h ic h o w n s a s h o r t lin e r u n n in g to O tt a w a P a r k , a n d
e n tir e s to c k o f th e A d ria n S t . R y . C o . (4 m ile s ) , o p e r a tin g In A d ria n M ich .
L e a s e s a n d o w n s a ll t h e s t o c k a n d b o n d s o f t h e T o le d o O tt a w a B e a c h & N o .
R y . , w h ic h s e e b e lo w .
O n J u n e 1 1907 p u rch a sed , th ro u g h a n e x c h a n g e of
s t o c k , a ll t h e p r o p e r ty a n d fra n ch ises o f t h e T o le d o G a s, E le c t. & H e a t in g
C o ., 3 s h a r e s o f t h is c o . ’s s t o c k b e in g g i v e n fo r 4 s h a r e s o f T o le d o G a s,
E le c . & H . C o .’s s t o c k .
V . 84 , p. 1249.
I n M arch 19 0 7 p u r c h a s e d e n tir e
s to c k o f t h e T o le d o & W e s te r n R R .
O n J u n e 15 190 7 s to c k h o ld e r s a u t h o r
iz e d t h e in c r e a s e o f c a p ita l s to c k fro m $ 1 2 ,0 0 0 ,0 0 0 t o $ 1 5 ,0 0 0 ,0 0 0 .
V. 84,
p. 1553.
In S e p t . 1 9 0 2 s to c k w a s lis te d o n N . Y . S t o c k E x c h a n g e . Street
R a ilw a y fra n ch ises o n c e r ta in s tr e e t s e x p ir e N o v . 9 1 9 1 0 , b u t la rg e r p a r t o f
s y s t e m Is o p e r a te d u n d e r o r d in a n c e s w h ic h e x p ir e In 19 1 3 t o 1 9 1 6 I n c lu s iv e ,
1 929, 1930 an d 1932.
G a s, lig h t a n d p o w e r fra n ch ise s a r e p e r p e tu a l.
In
A p ril 1 9 0 8 a g r e e d t o p a y c it y $ 2 4 2 ,6 1 2 In s e m i-a n n u a l I n s ta llm e n t s In s e t t le
m e n t o f c e r ta in c la im s b y c it y .
V . 86, p. 1345.
D e fa u lt. — I n te r e s t o n th e $ 4 ,8 6 6 ,0 0 0 n e w c o n s o l, m t g e . w a s d e f a u .t e d
J u ly 1 1 9 0 8 . a s w a s a lso I n te r e s t o n t h e $ 1 ,2 5 0 0 0 0 1 s t m t g e . b o n d s o f t h e
c o n t r o lle d T o le d o & W e s te r n R y . (w h ic h h a s s in c e b e e n p a id ) , a n d $ 2 5 0 ,0 0 0
1 s t m t g e . b o n d s o f t h e T o le d o F a y e t t e & W e s te r n R y . ( w h ic h h a s s in c e b e e n
p a i d ) . A r e p o r t r e c o m m e n d in g t h e e x p e n d it u r e o f $3 0 0 0 .0 0 0 fo r I m p r o v e
m e n ts a n d a d d it io n s h a s b e e n s u b m it t e d b y e x p e r t e n g in e e r s to t n e re
o r g a n iz a t io n c o m m i t t e e . V . 8 8 , p . 5 0 7 , 1 1 9 8 , 1 2 5 5 .
A r e o r g a n iz a t io n c o m m it t e e h a s b e e n f o r m e d t o r e p r e s e n t b o n d h o ld e r s
a n d c r e d ito r s In e n d e a v o r t o r e a d ju s t th e a ffa ir s o f c o m p a n y s o a s t o p r e v e n t
a r e c e iv e r s h ip . S e e V . 8 6 , p . 1 2 2 6 .
A m a j o r it y o f t h e 4% c o n s o ls h a s b e e n
d e p o s it e d w it h s a id c o m m i t t e e .
V . 8 8 , p . 1 1 9 8 , 1255; V . 8 9 , p . 105. A
s t o c k h o ld e r s ’ p r o t e c t iv e c o m m i t t e e h a s a ls o b e e n fo r m e d . V . 8 9 , p . 1 0 5 .
STOCK A N D B O N D S—
D a te .
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 1 5 ,0 0 0 ,0 0 0 .......................................
M -N
$ 1 3 ,8 7 5 ,0 0 0 M a y ’0 7 ,1 %
N e w c o n s o lid a t e d m o r t g a g e r 19 0 1
4 g J -J
4 ,8 6 6 ,0 0 0 J u ly 1 1 0 0 9
( 5 1 ,0 0 0 ) ,g , $ 1 2 ,0 0 0 ,0 0 0 c & r { U . S . M tg e . & T r u s t C o .. N . Y . . t r u s t e e .
I I n t e r e s t a t K e a n , V a n C o r tla n d t & C o ., N . Y .
T o l C o n so l S t R w y 1 st m t g , / 1889
6 J -J
1 ,0 6 6 ,0 0 0 J a n . 1 1912
c u r r e n c y , $ 1 ,0 0 0 ,c ,6 5 m lle s l i n t , a t B la ir & C o ., 24 B r o a d S t r e e t , N . Y .
T o l E le c S t R y 1 st m t g . 3 3 / 18 9 2
5 g F -A
7 0 0 .0 0 0 F e b 1 10 1 2
m ile s , g o l d , $ 1 ,0 0 0 _____ c * l l n t . a t B la ir & C o ., 24 B r o a d S t r e e t . N Y .
T o l T r a c t io n c o n s o l m t g , $ 6 , - / 18 9 6
6 g J J
4 ,2 3 4 ,0 0 0 J a n . 1 1012
0 0 0 ,0 0 0 . g ( $ 1 .0 0 0 ) ___ _ e * / i n t e r e s t a t G u a r a n ty T r . C o .. N . Y . , t r u s t e e
T o le d o G a s , E le c tr ic & H C o l
1 0 0 5 5 A -O
1 ,9 0 5 ,0 0 0 O c t
1 1035
m t g e , $ 2 ,5 0 0 ,0 0 0 ( $ 1 , 0 0 0 , / I n t e r e s t a t O h io S a v in g s B a n k & T r u s t C o .,
$ 5 0 0 a n d $ 1 0 0 ) . . ....................j
T o le d o , T r u s t e e .
T o l G a s L t & C o k e C o . $ 1 5 0 ,-f 18 9 8
4 M -N
1 5 0 ,0 0 0 J a n . 1 1012
0 0 0 ($ 1 ,0 0 0 ) g u a r p & l ___( I n t . a t 2d N a t . B k . T o l ., C. F . A d a m s c a r e
12d N a t . B a n k , T o le d o , t r u s t e e .
T o l H e a t & L g C o, $ 5 0 0 ,0 0 0 l 1901
5 J -J
3 3 7 ,0 0 0 J a n 1 1921
($ 1 ,0 0 0 ) g u a r p & l_________ / I n t . a t S e c u r . S a v . & T r C o .. T o l ., t r u s t e e .
N o t e s p a y a b le D e c 31 1 0 0 8 __________________________ 1 .4 8 6 .4 1 6
...
B o n d s . — T h e T o l. T r a c . c o n s o l, m t g . b o n d s o f 1 8 9 6 m a tu r e d J u ly 1 1 9 0 9 ,
b u t w e r e e x t e n d e d t o J a n . 1 1 9 1 2 , r a te o f I n te r e s t b e in g r a is e d fro m 5% t o
6 % , b u t t o b e s u b j e c t t o r e d e m p t io n o n 6 0 d a y s ’ n o t ic e .
V . 88, p. 1501.
T h e y c o v e r a ll t h e r a ilw a y , s u b j e c t to t h e d iv is io n a l lie n o f $ 7 0 0 ,0 0 0 ,
a n d a r e a fir st lie n o n th e n e w C e n tr a l S t a t io n a n d o t h e r r e a lt y . T h e
u n is s u e d b o n d s o f t h e T o le d o T r a c t io n C o . h a v e b e e n c a n c e le d . T h e
T o le d o C o n s o lid a te d S t r e e t R y . 1 s t m tg e . b o n d s w e r e 5 s . b u t w h e n t h e y fe ll
d u e J u l y 1 190 9 t h e y w e r e e x t e n d e d a t 6% t o J a n . 1 1 9 1 2 . T h e y m a y bo
c a lle d o n 6 0 d a y s ’ n o t ic e .
V. 88, p. 1501.
O f t h e T o le d o R a ilw a y s
& L ig h t C o m p a n y m o r tg a g e fo r $ 1 2 ,0 0 0 ,0 0 0 , $ 6 ,0 0 0 ,0 0 0 a r e r e se r v e d
t o r e tir e a ll o f t h e u n d e r ly in g b o n d s a n d $ 1 ,1 3 4 ,0 0 0 a r e r e se r v e d
for I m p r o v e m e n ts .
T h e y a r e s u b j e c t t o c a ll a t 1 0 2 L3 a n d I n te r e s t o n a n y
I n te r e s t d a t e a f t e r 3 0 d a y s ’ n o t ic e . T h e T o l. G a s , E le c . & H . C o . b o n d s
a r e g u a r , b y e n d o r s e m e n t b y t h e T o l. R y . & L ig h t C o .; $ 4 4 8 ,0 0 0 a r e r e se r v e d
fo r p rior lie n s . T h e y a r e n o t s u b j e c t to c a ll. T h e T o l. G as L t . & C o k e C o.
a n d T o l. H e a t & L ig h t C o . a r e g u a r , p r in c ip a l a n d In t. b y T o l. R y s . & L t .C o .
F o r m e r Issu e w a s e x t e n d e d to J u ly 1 1 9 0 9 , t h e n to J a n . 1 1 9 1 2 .
D iv id e n d s . — T h e fir st d iv id e n d — 1 %— w a s p a id o n M a y 1 1 9 0 5 a n d 1 %
w a s a g a in p a id N o v . 2 1 9 0 5 .
In 1 9 0 6 , 2 % .
In 1 9 0 7 , M a y , 1 %; N o v . d i v i
dend p a ssed .
L A T E S T E A R N I N G S .— F o r 7 m o n t h s e n d in g J u ly 31 1 9 0 9 , g r o s s , $ 1 ,
5 2 9 ,4 1 8 ; n e t , $ 6 4 5 ,0 1 1 ; c h a r g e s , $ 5 0 1 ,0 7 6 ; s u r p lu s , $ 1 4 3 ,9 3 5 .
In 1908,
g r o s s , $ 1 ,4 3 2 ,4 8 7 ; n e t , $ 6 3 8 ,4 3 3 ; c h a r g e s , $ 4 0 1 ,8 8 8 ; s u r p lu s , $ 1 4 6 ,5 4 5 .
R E P O R T .— Y ea r en d . D ec. 3 1 :
•1 9 0 8 ,
1907.
1906.
1905.
$ 2 ,5 6 5 ,2 0 0
$ 2 , 0 4 7 ,6 1 0
$ 1 ,9 1 3 ,4 5 6
G ro ss e a r n in g s ...................... $ 2 ,5 4 2 ,1 1 1
O p cr. e x p e n se s & ta x e s .
1 ,4 7 3 ,3 8 0 1 ,5 4 2 ,3 3 3
1 ,0 7 1 ,7 7 3
9 7 2 ,9 9 4
N e t e a r n in g s ....................$ 1 ,0 6 8 ,7 3 1
$ 1 ,0 2 2 ,8 6 7
F i x e d C h a rg e s..........................
7 5 5 ,4 2 4
7 0 8 ,1 6 7
$ 9 7 5 ,8 3 7
5 0 9 ,6 0 7
$ 9 4 0 ,4 6 2
5 1 0 ,3 0 7
S u r p l u s ....................................
$ 3 1 3 ,3 0 7
$ 3 1 4 ,7 0 0
$ 4 6 6 ,2 3 0
$ 4 3 0 ,1 5 5
* 1 9 0 7 a n d 1 9 0 8 fig u r e s I n c lu d e e a r n in g s o f T o l. G a s , E le c . & H t g . Co
[V O L . L X X X 1X .
R O A D .— O p e r a te s 1 2 5 .7 m ile s o f t r a c k . H a s 2 9 8 c a r s . I s s u p p ly in g
1 ,8 2 3 c it y a r c l a m p s .
,
_
O F F I C E R S .— P r e s ., A lb io n E . L a n g , T o le d o ; V . - P . & G e n . M g r ., L . E .
B e lls t e ln , T o le d o ; S e c ., H . S . S w if t , T o le d o ; T r e a s ., S . D . C arr, T o le d o .—
— V . 8 5 , p . 7 9 5 , 1006; V . 8 6 , p . 1 7 0 , 2 2 7 . 1 2 2 6 , 1 3 4 5 : V . 8 7 . p . 3 9 , 3 4 7 , 4 1 6 ;
V . 8 8 , p . 5 4 , 3 7 6 , 4 4 9 , 5 0 7 , 1 1 9 8 , 1 2 5 5 , 1 3 74, 1501; V . 8 9 , p . 105.
(1) T h e M a u m e e V a lle y R a ilw a y s & L ig h t C o .— T r o lle y .
O R G A N I Z A T I O N .— A c o n s o lid a t io n In D e c . 19 0 2 o f t h e I’c le d o & M a u
m e e V a lle y R y . a n d t h e T o le d o W a t e r v llle & S o u t h e r n R y .
E n tir e s t o c k
Is o w n e d b y t h e T o le d o R a ilw a y s & L ig h t C o . I n t e r e s t d u e S e p t . 1 9 0 8 a n d
s in c e o n b o t h I s su e s o f b o n d s h a s b e e n p a id .
STO C K A N D B O N D S —
D ate.
In te re st. O u ts ta n d in g .
M a tu r it y .
S e e t e x t ________ ________
S t o c k , $ 1 ,0 0 0 ,0 0 0 ..............................................................
T o l & M a u m e e 1 s t m t g , / 1895
5 g M -S
$ 3 0 0 ,0 0 0 M ch 1 1 9 2 0
$ 3 0 0 ,0 0 0 ................. .....................l i n t , a t M e tr o p o lita n T r . C o ., N . Y . , t r u s t e e .
M a u m e e V a l R y s & L t 1 st M .J 19U2 4 H g M -S
5 0 0 ,0 0 0 M ch 1 19 2 0
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g . c & r l
M o r to n T r u s t C o ., N e w Y o r k , t r u s t e e .
B o n d s . — O f t h e n e w 4 L is, $ 3 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e t h e first 5 s o f t h e
T o le d o & M a u m ee R y .
G u a r , b y e n d o r s e m e n t b y T o l. R y s . & L t .
No
s f. o n th e 4 / ^ s , b u t t h e y c a n b e c a lle d o n o r a f te r M ch 1 1 9 1 5 a t p a r on
3 0 d a y s ’ n o t ic e .
I n t . p a y a b le a t K e a n , V a n C o r tla n d t & C o .’s o f fic e , N . Y .
R O A D .— O D era tes 2 1 .5 3 m ile s o f t r a c k .
O F F I C E R S .— P r e s ., R . H . B a k e r ; V . - P ., W . W . B r o w n ; S e c . / . W . I I .
M c L e lla n J r .; T r e a s ., H . S . S w if t . — V . 7 5 , p . 1354
(2) T o le d o & W e s te r n R R .— A n e le c t r ic r a ilr o a d w it h s t e a m f r e ig h t s e r
v ic e .
D e fa u lt. — I n t e r e s t , o n t h e $ 1 ,2 5 0 ,0 0 0 1 s t m t g e . b o n d s d u e J u l y 1 1 9 0 8 ,
w a s d e f a u lt e d , b u t w a s s u b s e q u e n t ly p a id .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n D e c . 11 1 9 0 6 a n d Is a r e
o r g a n iz a t io n o f t h e T o le d o & W e ste r n R y .
V. 84, p. 272.
C a r r ies f r e i g h t
a s w ell a s p a s s e n g e r s .
W e a r e a d v is e d t h a t fra n ch ise s a r e m o s t ly p e r p e t u a l,
a lth o u g h o n e o r tw o e x p ir e a b o u t 1 9 3 0 .
E n tir e s to c k Is o w n e d b y t h e T o l
e d o R y s . & L ig h t C o.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
S t o c k , $ 2 ,0 0 0 ,0 0 0 , $ 1 0 0 ..............
............................
S e trx t
..........................
5 g J -J
$ 1 ,2 5 0 ,0 0 0 J u l y 1 192 6
T & W R y 1st m t g , $ 1 ,2 5 0 ,- 1 1901
0 0 0 , g o ld ( $ 1 ,0 0 0 ) , n o s f, / I n t . a t C le v e la n d T r u s t C o . . C le v e la n d , t r ’t e e ,
a n d c a n n o t b e c a l l e d _____ / or a t N a t . B a n k o f C o m m e r c e , N . Y .
T & W R y c o n a n d r e f m t g . f 1905
5 g A -O
5 0 0 ,0 0 0 A p ril 1 1 9 3 0
$ 2 ,0 0 0 ,0 0 0 . g o ld ($ 1 ,0 0 0 ) e*( I n t e r e s t a t C le v e la n d T r u s t C o ., t r u s t e e , or
l
a t N a t io n a l B a n k o f C o m m e r c e , N . Y
B o n d s — O f t h e n e w $ 2 ,0 0 0 ,0 0 0 b o n d s , $ 1 ,5 0 0 ,0 0 0 Is r e se r v e d t o r e tir e
p rio r lie n s .
M o r tg a g e w a s o r ig in a lly for $ 2 ,5 0 0 ,0 0 0 , b u t $ 5 0 0 ,0 0 0 w h ic h
w e r e r e se r v e d for f u tu r e I m p r o v e m e n t s h a v e b e e n c a n c e le d . S e e V . 8 4 ,
p. 272.
A r e s u b j e c t to c a ll o n a n d a f te r A pril 1 19 1 5 a t 105 a n d I n t e r e s t .
R O A D .— O w n s 84 m ile s o f tr a c k , fro m T o le d o to F a y e t t e a n d P io n e e r ,
O h io , w it h b r a n c h to A d r ia n , M ich .
H a s t r a c k a g e a g r e e m e n t w it h T o le d o
R y s . & L ig h t Co a llo w in g Its e a r s to e n te r T o le d o ; 9 5 % p r iv a t e r ig h t o f
w a y . e x c e p t In c it ie s .
R a lls , 6 0 -lb . T .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 2 5 2 ,7 9 6 ; n e t ,
$ 7 1 ,9 3 6 : I n te r e s t a n d t a x e s , $ 1 0 8 ,9 1 4 ; d e f ic it , $ 3 6 ,9 7 8 .
O F F I C E R S .— P r e s , a n d G en . M g r ., C. F . F r a n k lin ; V .- P . a n d T r e a s .,
W . F . N u t t . — V . 8 4 , p . 2 7 2 , 750; V . 8 7 , p . 3 9 , 1358.
(a) T o le d o F a y e t t e & W e s te r n R y .- - An e le c t r ic r a ilr o a d .
D e fa u lt .— D e f a u lt o c c u r r e d o n I n te r e s t d u e J u ly 1 1 9 0 8 o n t h e $ 2 5 0 ,0 0 0
fir st m o r t g a g e b o n d s , b u t in t e r e s t w a s s u b s e q u e n t ly p a i d , a s w e r e a ll s u c
c e e d in g c o u p o n s .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io . S t o c k a ll h e ld b y T o le d o &
W e s te r n R R . C o.
STO C K A N D B O N D S—
D ate.
In terest.
O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 5 0 ,0 0 0 ( $ 1 0 0 ) ...................... ..
- ............
$ 2 5 0 ,0 0 0
.........................
1 st
m tg ,
$ 2 5 0 ,0 0 0
g o ld ) 1902
5 g J -J
2 5 0 .0 0 0 J u ly 1 1 0 2 7
( $ 1 , 0 0 0 ) _________________ c*1 I n t . a t C le v e la n d T r u s t C o ., C le v e la n d , t r u s t .
I or a t N a t . B a n k o f C o m m e r c e , N e w Y o r k .
B o n d s .— N o s . f ., b u t b o n d s a r c s u b j e c t t o c a ll o n a n d a f te r J u ly 1 1912
a t par a n d a c c r u e d I n te r e s t
A r e g u a r a n t e e d b o t h a s t o p r in c ip a l a n d In
t e r e s t b y t h e T o le d o & W e s te r n R y .
R O A D .— R u n s fro m F a y e t t e t o P io n e e r , 14 m ile s , w h ic h Is I n c lu d e d In
t h e m ile a g e o f t h e T o le d o & W e s te r n R y . a b o v e .
S t a n d a r d g a u g e 6 0 - lb .
T r a il.— V . 7 5 , p . 1255
T O L E D O B O W L I N G G R E E N & S O U T H E R N T R A C T I O N .— A t r o lle y
road.
,
,
O R G A N I Z A T I O N .— I n c o r p . In 1901 a s a c o n s o lid a t io n , b y p u r c h a s e ,
o f t h e F in d la y S t . R y . t h e T o le d o B o w lin g G re e n & F r e m o n t R y . a n d t h e
H a n c o c k L ig h t & P o w e r C o. o f F in d la y , O ., fu r n is h in g 5 ,0 0 0 I n c a n d e s c e n t
l ig h t s a n d 4 0 0 a r c lig h t s
T h e F r a n k lin B a n k o f C in c in n a t i o ffe r e d t h e
b o n d s fo r s a le In M a y 1 9 0 1 .
F o r m e r ly le a s e d to t h e T o le d o U r b a n & I n t e r
u r b a n R y . , b u t r e n ta l d u e A p r il 1 a n d J u ly 1 1 9 0 8 h a v in g b e e n d e f a u lt e d ,
l e a s e w a s c a n c e le d .
S t o c k h o ld e r s v o t e d o n A u g . 9 1 9 0 9 o n I n c r e a s in g s t o c k (fr o m $ 1 ,5 0 0 ,0 0 0 ,
a ll c o m m o n ) to $ 2 ,0 0 0 ,0 0 0 , o f w h ic h $ 1 ,2 5 0 ,0 0 0 s h a ll b e c o m m o n a n d
$ 7 5 0 ,0 0 0 (c u m .) p r e f.; o n p u r c h a s in g t h e T o le d o U r b a n & I n t e r u r b a n R y .
(p u r c h a s e d A u g . 23 1909; V . 8 9 , p . 5 2 9 ) , p a y in g $ 5 0 0 ,0 0 0 b o n d s a n d
$ 3 7 5 ,0 0 0 p r e f. s to c k ; o n g iv in g t h e r e m a in in g $ 3 7 5 ,0 0 0 p r e f. s t o c k to s t o c k
h o ld e r s o f T o le d o B o w lin g G r e e n & S o u t h . T r a c ., pro r a t a , a n d o n I s su in g
$ 5 0 0 ,0 0 0 b o n d s t o b e a fir st m o r tg a g e o n t h e T o le d o U r b a n & I n t e r u r b a n
V . 8 8 , p . 1439; V . 8 9 , p. 105, 4 1 2 ,
STO C K A N D B O N D S —
D a te. In te re st.
O u tsta n d in g .
M a tu r ity .
C o m m o n $ 1 ,2 5 0 ,0 0 0 ..............................................................'
$ 1 ,2 5 0 ,0 0 0 ..........................
P r e fe r r e d $ 7 5 0 ,0 0 0 ( c u m ) ......................
.................
7 5 0 ,0 0 0 .........................
1st m t g , $ 1 ,5 0 0 ,0 0 0 , g o ld ,J
1901 5 g M -N
1 ,2 2 5 ,0 0 0 M a y 1 1 0 2 1
$ 1 ,0 0 0 . $ 5 0 0 ......................
. l i n t , a t C e n tr a l T r . & S a f e D c p . C o ., C ln .. t r .
T o l U r b & I n t e n ir b $ 5 0 0 ,0 0 0 .........................................
- ------------- ------------------F in d S t 1st m t g , $ 1 5 0 ,0 0 0 , g j
189 5 5 g M -N
1 5 0 ,0 0 0
M ay 1910
( $ 1 ,0 0 0 ) , n o t s u b j e c t t o c a ll l i n t , a t C e n tr a l T r . & S a f e D c p . C o ., C ln ., O .
F in d S t 1 st c o n m t g , $ 1 2 5 ,-1
18 9 9 5 g J - D
1 2 5 ,0 0 0 D e c 1 102 4
0 0 0 , g o l d ......................................i C e n tr a l T r . & S a f e D e p . C o ., C ln ., t r u s t e e .
I I n te r e s t a t M e tr o p o lita n T r u s t C o ., N . Y .
B o n d s .— O f t h e b o n d s o f 1 9 0 1 , $ 2 7 5 ,0 0 0 a r e r e s e r v e d to r e tir e t h e p r io r
lie n s .
T h e T o le d o U r b a n & I n te r u r b a n m o r t g a g e Is a fir st m o r t g a g e o n t h e
p r o p e r tv o f t h e a c q u ir e d T o le d o U r b a n & I n t e r u r b a n R y .
R O A D .— O p e r a te s 6 0 m ile s fro m T o le d o to F in d la y a n d P c r r y sb u r g ; 6 0 lb . a n d 7 2 - lb . T a n d g ir d e r r a ils .
O w n s 3 0 p a s s e n g e r a n d 3 e x p r e s s c a r s.
O F F I C E R S .— P r e s ., J o h n K llg o u r , C in c in n a ti: V . - P . , H a r r y J . G ib so n ;
S e c . a n d T r e a s ., A . J . B e c h t , C in c in n a ti; G e n . M g r ., C h a s. F . S m it h ,
F i n d l a y .— V . 8 7 , p . 98; V . 8 8 , p . 5 0 7 , 1 4 3 9 ; V . 8 9 , p . 1 0 a , 4 1 2 , 4 7 1 , 5 2 9 .
T O L E D O F O S T O R IA & F I N D L A Y R Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 9 0 0 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k c o m m o n ( $ 1 0 0 ) ................................................... - - * 7 0 0 ,0 0 0 . . . . . . . .
S t o c k , p r e f. 5% c u m . ( $ 1 0 0 ) ................
Q -J
!L, 0 ’2 2 2
^
t®?**
F ir s t m o r tg a g e $ 4 5 0 ,0 0 0 g o l d l 1 9 0 0
5 g A -O
4 2 ,0 0 0
O ct 1 1920
( $ 1 . 0 0 0 ) ...................................... c j I n t e r e s t a t C le v e la n d T r u s t C o ., C l e v c ., T r u s .
B o n d s m a y b e c a lle d a t a n y t im e . S in k in g fu n d b e g in s J u l y 1 1 9 0 5 ;
$ 3 ,0 0 0 b o n d s h a v e b e e n r e tir e d .
D iv id e n d s .— 1 yx % is b e in g p a id q u a r t e r ly o n p r e fe r r e d s t o c k .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 9 2 ,2 4 3 ; n e t , $ 4 6 ,8 0 7 .
R O A D .— O p e r a te s 50 m ile s b e t w e e n T o le d o , F o s t o r la a n d F in d la y
P o r t io n s b e t w e e n P e m b e r v llle a n d T o le d o p u t In o p e r a tio n In J u n e 1 9 0 8 .
O F F I C E R S .— P r e s .. J . E . R e e v e s , C a n a l D o v e r : V . - P ., F . W . A d a m s
F o s t o r la ; S e c . a n d T r e a s ., A . J . K r a n tz , C a n a l D o v e r .— V . 7 8 , p . 7 0 4 .
T O L E D O & I N D I A N A R Y .— A tr o lle y r o a d .
R e c r iv e r s h io .— O n M arch 3 0 1908 C. F . M. N ile s w a s a p p o in t e d r e c e iv e r ,
c o m p a n y h a v in g d e f a u lt e d o n Its b o n d s J a n . 1 1 9 0 8 .
V. 86, p. 858.
For
b o n d h o ld e r s ’ c o m m itt e e a g r e e m e n t , s e e V . 8 8 , p . 5 6 5 , 6 2 6 .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d er t h e G en er a l R a ilr o a d L a w In
O h io . J u n e 15 1 9 0 1 , t o b u ild a n e le c tr ic ro a d e x te n d in g fro m T o le d o w e s t e r ly
t o B r y a n , a d is t a n c e o f 5 5 m ile s , o v e r p r iv a te r ig h t o f w a y ; e n tir e r o a d In
o n e r a tlo n .
C o n tr o ls t h e T o le d o & In d ia n a T ra ctio n C o ., I n c o r p o r a te d u n d e r
t h e la w s o f I n d ia n a . T h is l a t t e r ro a d h a s Issu e d n o s e c u r it ie s .
E n te r s
T o le d o o v e r t r a c k s o f t h e T o le d o R y s . & L ig h t C o . O n J u n e 16 1 90 3 t h e
s h a r e h o ld e r s v o t e d t o r e d u c e t h e a u t h o r iz e d b o n d Issu e fr o m $ 3 0 ,0 0 0 to
$ 2 5 ,0 0 0 p e r m ile .
V . 76, p. 1356.
STO C K A N D B O N D S—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 2 ,5 0 0 ,0 0 0 . . . . . .
1 st m t g , $ 1 ,6 5 0 ,0 0 0 ( $ 5 0 0 / 1 9 0 2
5 g J -J
1 ,6 5 0 .0 0 0 J a n
11028
a n d $ 1 , 0 0 0 ) , g o l d ............c& r( S e c u r it y T r u s t C o ., T o le d o , t r u s t e e .
I I n te r e s t p a y a b le In T o le d o a n d N e w Y o r k .
B o n d s c a n b e c a lle d a t a n y t im e a t 105 a n d a c c r u e d I n te r e s t u p o n 3 0 d a y s
n o t ic e .
I n t e r e s t b e g in s t o a c c r u e fr o m J a n . 1 1 9 0 3 .
E A R N I N G S .— F or c a le n d a r y e a r 1 9 0 6 . c r o s s , $ 1 8 7 ,5 0 0 ; n e t , $ 9 1 ,2 0 0 ;
fix e d c h a r g e s , $ 7 5 ,0 0 0 ; s u r p lu s , $ 1 6 ,2 0 0 .
_
O F F I C E R S .— P r e s .. S . C. S e h e n e k ; V . - P ., G e o . G . M e tz g e r : S e c ., C . F
d h ^ p m a n ; T r e a s ., D . D . S e h e n e k .— V . 8 6 , p . 5 3 , 8 5 8 .
T O L E D O P O R T C L IN T O N & L A K E S I D E R A I L W A Y CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io D e c . 18 1 9 0 2 . F ra n ch ise s
PCS T O C K A N D B O N D S .—
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 ,8 0 0 ,0 0 0 ($ < )
$ 1 ,8 0 0 ,0 0 0 - - - - - - - - -
F ir s t m tg e $ 1 ,5 0 0 ,0 0 0 g o l d l 1 9 0 3
5 M -N
1 ,5 0 0 ,0 0 0 N o v i 1928
( $ 1 ,0 0 0 a n d $ 5 0 0 ) ________ c l l n t . a t S e c u r it y T r . C o ., T o le d o , T r u s t e e .
B o n d s .— S u b je c t to c a ll a t 1 0 5 .
R O A D . — O p e r a te s 54 m ile s o f tra c k fro m T o le d o to E lm o r e , O a k H a r b o r ,
P o r t C lin to n a n d M a r b le h e a d .
In a d d it io n o p e r a te s a lin e d u r in g th e
s u m m e r m o n th s t o a p o in t c a lle d O h le m a c h e r ’s , t w o m ile s e a s t o f M a rb le
h e a d , t h u s m a k in g d ir e c t c o n n e c tio n s w it h C e d a r P o in t a n d S a n d u s k y .
In T o le d o o p e r a te s o n a b o u t 3 m ile s o f t h e T o le d o R a ilw a y s & L ig h t
tr a c k . S t a n d a r d g a u g e .
7 0 -lb . T r a il.
O F F I C E R S .— P r e s .. T h e o . S c h m it t : 1 st V . - P . , E . A . P o w e r s ; 2 d V . - P .,
L . E . F lo r y ; S e c ., I I . F . S h u n c k ; T r e a s ., H . R . K la u s e r ; G e n . M g r ., A . b .
K la u s e r , a ll o f T o le d o .— V . 7 9 , p . 2 4 5 8 .
TOPEKA, KANSAS.
T O P E K A R A I L W A Y .— T r o lle y .
O R G A N I Z A T I O N .— I n c ’d u n d e r g e n e r a l r a ilw a y la w s o f K a n s a s In 1 8 9 2
In 190 3 a b s o r b e d t h e V ln e w o o d P a r k R a ilw a y a n d m a d e a n e w m o r t g a g e
for $ 1 ,2 5 0 ,0 0 0 .
O n J u n e 4 1 9 0 3 o b t a in e d a n e w 3 0 - y e a r fr a n c h is e ,
r u n n in g fro m t h a t d a t e , w ith t h e p r o v is io n t h a t $ 4 0 0 ,0 0 0 b e e x p e n d e d
w it h in t h r e e y e a r s o n t h e s y s t e m .
W h e n e a r n in g s e x c e e d 1 0 % on In
v e s t m e n t , c i t y Is t o r e c e iv e c o m p e n s a t io n .
A ls o h a s se c u r e d fra n ch ise s
In p e r p e t u it y on c o u n t y r o a d s n o w o c c u p ie d , w ith p r iv ile g e o f h a u lin g fr e ig h t .
C ity agreob n e v e r t o r e d u c e r a te s t o w h e r e c o m p a n y w ill ea rn less th a n 10%
o n s t o c k . T h e c i t y Is t o r e c e iv e 10% o f e a r n in g s r e m a in in g a f te r 10% h a s
been earned.
U p o n e x p ir a t io n o f fra n ch ise c i t y h a s t h e r ig h t t o a c q u ir e
t h e p r o p e r ty , b u t n o t b e fo r e .
V . 7 6 , p. 88 6 , 1302.
;
T h e T o p e k a E d is o n C o . Is c o n t r o lle d b y t h e s a m e I n te r e s ts.
V 81, p .7 2 8 .
STO C K A N D B O N D S—
D a te.
Interest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ...................................... ..........
$ 1 ,2 5 0 ,0 0 0 f .p -------- . . . .
5 g J -J
1 ,0 0 0 ,0 0 0
J a n 1 1930
1 st m t g , $ 1 ,2 5 0 ,0 0 0 , g o l d ! 1 9 0 4
( $ 1 , 0 0 0 ) _________________ c ’ J I n t. a t A m . T r u s t & S a v . B k ., C h ic ., t r u s t e e .
B o n u s . — O f t h e $ 1 ,2 5 0 ,0 0 0 a u t h o r iz e d , $ 1 0 0 ,0 0 0 a r e r e se r v e d for 8 0 % o f
c o s t o f n e w p o w e r h o u s e a n d $ 1 5 0 ,0 0 0 for 80 % o f c o s t o f b e t t e r m e n t s a n d
a d d it io n s
F ift e e n b o n d s p e r a n n u m , b e g in n in g w it h N o . 1, c a n b e c a lle d
a t 105 a n d I n ter e st u n til J a n . 1 1 9 1 5 . w h e n e n tir e Issu e Is s u b j e c t t o c a n
a t t h a t p r ic e .
$ 1 5 ,0 0 0 h a v e b e e n r e tir e d .
A s . f . b e g in s J a n . 1 1 9 1 0 , w h ic h
Is s u f fic ie n t t o r e tir e $ 1 5 ,0 0 0 p e r a n n u m a t 1 0 5 a n d I n te r e s t.
E A R N I N G S . — F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 3 4 2 ,0 6 7 ; n e t , $ 1 6 0 ,3 4 4
I n t e r e s t , $ 5 2 ,2 5 0 ; s u r p lu s . $ 1 0 8 ,0 9 4 .
I n 1 9 0 7 , g r o s s , $ 3 1 0 ,3 4 4 ; n e t . $ 1 4 5 .
6 20; I n t e r e s t , $ 5 1 ,5 6 5 ; s u r p lu s , $ 9 4 ,0 6 4 .
ROAD.
O w n s 33 m ile s o f tr o lle y ; t o , 7 5 a n d 8 0 - lb . ra il; 6 0 m o to r c a r s
a n d 22 tr a ile r s .
O F F I C E R S .— P r e s .. E . VV. W ils o n , P e k in , 111.; V . - P . a n d G e n . M a n ., L .
E . M y e r s , C h ic a g o ; S e c . a n d T r e a s ., F . G. K e lle y ; A u d it o r , E . C . F lo w e r s ;
G en . S u p t . , A . M . P a t t e n . — V . 8 1 , p . 7 2 8 ; V . 8 2 , p 10 1 ,
TRENTON, N. J.
N E W J E R S E Y & P E N N S Y L V A N I A T R A C T I O N C O .— A t r o lle y r o a d .
I n J a n . 1 9 0 9 a c r e d it o r s ’ c o m m i t t e e t o o k o v e r t h e m a n a g e m e n t o f t h is
c o m p a n y a n d t h a t o f t h e T r e n t o n N e w H o p e & L a m b e r t v ille S t . R y .
A
c r e d ito r s ' a g r e e m e n t p r o v id in g fo r t h e e x t e n s io n o f t h e I n d e b te d n e s s u n til
J a n . 1 1 9 1 0 a n d t h e p la c in g or t h e p r o p e r ty In t h e h a n d s o f t h e c o m m i t t e e
h a s b e e n a c c e p t e d b y t h e c r e d it o r s . T h e a g r e e m e n t d o e s n o t p r o v id e fo r
t h e a c t u a l d e p o s it o f s e c u r it ie s .
V . 8 8 . p. 101.
O R G A N I / . a T I O N . — I n c o r p o r a te d In N e w J e r s e y o n N o v . 11 19 0 1 a n d
Is a c o n s o lid a t io n o f t h e T r e n to n L a w r e n c e v llle & P r in c e t o n R R .. t h e T r e n
t o n L a w r e n c c v llle & P r in c e to n E x t e n s io n R R ., t h e P r in c e t o n S t r e e t R y . ,
t h e Y a r d le y M o r rlsv llle & T r e n to n S t r e e t R y . , t h e N e w to w n & Y a r d le y
S t r e e t R y . a n d t h e T r e n t o n C ity B r id g e C o .
E n tir e s t o c k a n d b o n d s o f
t h o s e c o m p a n ie s Is d' p o s ite d u n d e r t h e m tg . o f t h e N . J . & P e n n . T r a c t io n
Co. F ra n ch ise s a r c p e r p e tu a l, e x c e p t In T r e n t o n , w h ic h Is fo r 50 y e a r s fro m
1003.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .........................................................
$ 5 0 0 ,0 0 0 .........................
1 s t M tg $ 3 ,0 0 0 ,0 0 0 g o ld
\ 1902
4 g M .N
9 8 8 .0 0 0 N o v 1 1 9 3 2
( $ 1 , 0 0 0 ) ................................... c*J I n t . a t T r e n t o n T r . & S a f e D e p . C o ., t r u s t e e .
" O th e r d e b t s " D e c .31 1 9 0 8 . .............................. .............
2 3 8 7 8 2 .........................
B o n d s . — B o n d s are s u b j e c t t o c a ll o n 6 0 d a y s ’ n o t ic e a t 1 1 0 .
R O A D .— C o m p r ise s 26 m ile s o f tr a c k fro m T r e n to n t o P r in c e t o n , N . J . ,
a n d fr o m T r e n t o n t o N e w t o w n . P a . , v i a M o r r ls v llle a n d Y a r d le y .
E x te n
s io n s o f 18 m ile s fro m P r in c e t o n t o S o m e r v ille a n d 3 m ile s fr o m M o r r ls v llle ,
P a . , t o F a lls n g t o n are to b e c o n s tr u c t e d , fr a n c h is e s h a v in g b e e n o b t a in e d .
G a u g e, 4 ft. 8
In. a n d 5 f t . 2 '* In .: 7 0 a n d 8 0 - lb . T ra il; 9 0 - lb . g ir d e r .
>
E A R N I N G S .— F o r y e a r e n d in g D e o . 31 1 9 0 8 , g r o s s . $ 9 2 ,3 2 4 ; n e t , $ 9 ,5 1 0 ,
In 1 9 0 7 , g r o s s , $ 9 5 ,2 4 7 ; n e t . $ 1 9 ,2 6 8 .
O F F I C E R S . - P r e s id e n t . C. v i. B a t e s ; S e c . a n d T r e a s ., V . D . B a t e s .
— V . 8 3 , p . 2 1 3 . 2 72; V . 8 8 , p . 1 0 1 .
(1) T r e n to n N e w H o p e & L a m b e r tv ille S t . R y . — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia In D e c e m b e r 1 9 0 3 .
Is c o n t r o lle d by tin- N . J . & P e n n . T r a c tio n C o . th r o u g h s t o c k o w n e r s h ip .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 4 0 0 ,0 0 0 ( $ 5 0 ) ...........................................................
$ 4 0 0 ,0 0 0 .........................
1st m o r tg a g e $ 4 0 0 ,0 0 0 g o ld l 1 9 0 4
5 g F .A
4 0 0 ,0 0 0 A u g 1 1934
($ 1 ,0 0 0 ) _____ _______ c * & r j I n t . a t T r e n to n T r .& S .D .C o ., T r e n ., t r u s t e e .
B onds a r c s u b j e c t t o c a ll a t 110 o n 60 d a y s ’ n o t ic e . A r c g u a r a n t e e d , p r in
c ip a l a n d I n te r e s t b y t h e N . J & P e n n . T r a c t io n C o.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 7 , g r o s s , $ 5 2 ,4 0 9 ; n e t , $ 1 8 ,
32 3 ; o t h e r I n c o m e , $ 2 ,2 3 6 : I n te r e s t, $ 2 0 ,0 0 0 ; s u r p lu s , $ 5 5 9 .
R O A D .— O p e r a te s 12 m ile s o f tr a c k fro m Y a t d l e v , P a . (w h e r e It c o n
n e c ts w ith t h e N . J . & P e n n . T r a c t io n C o . th r o u g h N e w H o p e , P a . , t o
L a m b e r tv ille , N . J .
G a u g e , 5 f t. 2 V. In.; 8 0 - lb . T a n d 8 5 - lb . g ir d e r r a il.
O F F I C E R S .— PrC s., T . S . C a d w a lla d e r ; S e e . a n d T r e a s ., V . D . B a t e s ,
a ll o f Y a r d le y , P a . — V . 7 9 . p . 2 2 0 7 .
(2) N e w to n & H a tb o r o S ( . R y —
.
O R G A N I Z A T I O N .— H a s u n d e r c o n s tr u c t io n a lin e o f 12 m ile s fr o m N e w
t o w n , P a . , t o H a tb o r o a n d W illo w G r o v e .
Is c o n t r o lle d b y N . J . & P e n n .
T r a c t io n C o.
T R E N T O N S T R E E T R Y .— Is c o n t r o lle d b y t h e U n it e d P o w e r & T r a n s
p o r t a tio n C o ., w h ic h s e e o n a p r e c e d in g p a g e .
TRINIDAD, COLO.
SO U TH ER N COLORADO PO W ER & R Y .
R e ceiv ersh ip . — O n A u g . 2 6 1 9 0 9 F r a n k P . R e a d o f D e n v e r w a s a p p o in t e d
r e c e iv e r .
V . 89 , p . 594.
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o lo r a d o In 1 9 0 7 t o s u p p ly e le c
t r i c it y t o m in e s a n d c it i e s o f L a s A n im a s a n d H u e r fa n o c o u n t ie s , C o lo .,
a n d h a s c o n s o lid a t e d t h e S t o n e w a ll V a lle y E le c tr ic R R ., t h e T r in id a d E l e c .
H R . a n d t h e T r in id a d L ig h t & P o w e r C o . C o n tr o ls t h e e n t ir e g a s , e le c t r i c
lig h t a n d s t r e e t r a ilw a y b u s in e s s o f T r in id a d , C o l., a n d o p e r a te s a n I n t e r
u r b a n r a ilw a y c o n n e c t in g T r in id a d w it h T h o m a s v illc , C o k c d a le , J e r r y v llle ,
P ie d m o n t , J a n s e n , S t a r k v llle a n d S o p r ls .
G a s a n d e le c t r ic fra n ch ises ru n
fo r 2 0 -3 0 -y c a r s : s t r e e t r a ilw a y fra n ch ise s r u n fo r 5 0 y e a r s fr o m 1 9 0 3 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m , $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) .................
.
$ 7 5 0 ,0 0 0 ................. ..
P r c f ., $ 7 5 0 ,0 0 0 ($ 1 0 0 ) 7% n - c .........................................
7 5 0 .0 0 0
See te x t.
5 F -A 15
1 ,0 0 0 ,0 0 0 A u g 15 1 9 2 8
1 s t & r e f. m tg e , * 1 ,5 0 0 ,0 0 0 ,1 1 9 0 8
g o ld ( $ 1 0 0 a n d $ 1 ,0 0 0 ) - .c * J I n t . a t S t . L o u is U n io n T r u s t C o ., t r u s t e e .
B o n d s . — P r e f. s to c k Is d i v id e d In to t h r e e c la s s e s , c la s s " A ," $ 3 0 0 ,0 0 0 ;
c la s s " B , ” $ 2 5 0 ,0 0 0 , a n d c la s s " C ," $ 2 0 0 ,0 0 0 .
F ir s t a n d r e fu n d in g b o n d s
a r e s u l J 'Ct t o c a ll a t 105 a n d I n t e r e s t on a n d a f t e r A u g . 15 19 1 3 o n 6 0
d a y s ’ n o t ic e .
A s in k in g fu n d o f 5% o f p r e v io u s 12 m o n th s ’ g r o s s e a r n in g s
b e g in s A p ril 15 1 9 1 3 .
•
D i t i l e n d s . — In 1908 p a id 5 H % o n c la s s “ A ” p r e fe r r e d .
In 1909, F e b .,
1 K % : d lv . d u e M a y w a s p a s s e d .
E A R N I N G S .— F or y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 1 4 3 ,8 8 2 ; n e t , $ 6 2 .
14 6 ; c h a r g e s , $ 3 4 ,2 0 0 ; d iv id e n d . $ 1 5 ,7 5 0 ; s u r p lu s , $ 1 2 ,1 9 6 .
R O A D .— O p e r a te s 21 m ile s .
R a il, 6 5 - lb .; s ta n d a r d g a u g e .
O F F I C E R S . — P r e s ., J . J . H e n r y ; V . - P ., K . S c h u y le r ; S e c . a n d T r e a s .,
L . C . D u n a n ; A « s t. S e c . a n d A s s t T r e a s ., D . II. R u p p , T r in id a d ; M g r .,
H 'l.N . S ie g f r ie d .— V . 8 7 , p . 4 1 6 , 5 4 5 ; V . 8 8 , p . 1 5 9 , 1374; V . 8 9 . p .,5 9 4 .
..
TROY, N . Y .
TROY & NEW ENGLAND RY.—A t r o lle y
road .
O n J u l y 1 1 0 0 7 c o n t r o l w a s a c q u ir e d b y t h e D e la w a r e & H u d s o n C o . In
t e r e s t s , a ll I n d e b te d n e s s w a s a d j u s t e d , r e c e iv e r d is c h a r g e d , a n d o f fic e r s
e le c t e d a s b e lo w . V . 8 5 , p . 1 0 0 .
O R G A N I Z A T I O N .— I n c o r p o r a te d D e c . 2 7 1 8 8 9 . M o s tly p r iv a t e r ig h t
o f w a y . F ra n ch ise s p e r p e tu a l.
STO C K A N D B O N D S —
D a te.
In te re st.
O u tsta n d in g . M a tu r it y .
S t o c k $ 3 5 0 ,0 0 0 ( $ 1 0 0 ) ......................... ..
..............
$ 1 8 0 ,0 0 0 .........................
1 st m o r t g a g e $ 1 6 0 ,0 0 0 g o ld \ 1 8 9 5
5 g F -A
1 6 0 ,0 0 0 A u g 1 1 9 4 5
$ 5 0 0 ________ _______ _____ . j I n t e r e s t a t o f fic e o f c o m p a n y , lb n y . N . Y .
R O A D .— T o t a l tr a c k . In c lu d in g s id in g s , 10 m ile s; s ta n d a r d g a u g e , la id
w ith 63 lb . rail: r u n n in g fro m A lb la t o A v e r lll P a r k .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 8 . g r o s s , $ 3 3 ,3 4 7 ; n e t , $ 6 ,1 9 6 ;
o t h e r I n c o m e , $ 4 6 7 ; c h a r g e s , & c ., $ 1 0 ,8 6 1 ; d e f ic it, $ 4 ,1 9 8 .
O F F I C E R S .— P r e s . L. F . L o r e c , N e w Y o rk ; V P . , C. S S im s , A lb a n y ;
2 d V . - P . , W . H . W illia m s , N e w Y o r k : S e c .- T r e a s ., J a m e s M cC redJe,
A lb a n y ; Compt., W . H . D a v ie s , N . Y .; G e n . M g r ., E d g a r S . F a s s c t t , A l
b a n y ; A u d ., A . J . G le s , A l b a n y .— V . 8 3 , p . 4 3 7 ; V . 8 5 , p . 1 0 0 .
TU SC A LO O SA , A L A .
BIRMINGHAM & GULF RAILWAY & NAVIGATION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In A la b a m a S e p t . 22 1 9 0 7 (▼ . 8 6 ,
p . 7 9 3 ) a n d p u r c h a s e d t h e T u s c a lo o s a B e lt R y . C o ., w h ic h o p e r a te d 12
m ile s b e t w e e n T u s c a lo o s a a n d H o lt .
STO C K A N D B O N D S —
D ale.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 7 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) _______ _______________
$ 5 , 0 0 0 ,0 0 0 .........................
P ref $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 ) 6% n - c ................................ ..
3 0 ',0 0 0 ____________
F ir st m o r tg a g e $ 1 0 ,0 0 0 ,0 0 0 1 1 9 0 7
5 g A -O
4 0 0 .0 0 0 O c t 1 1 9 5 7
( $ 1 ,0 0 0 ) g o l d -----------------------/ I n t . a t C a r n e g ie T r u s t C o ., N . Y . , T r u s t e e .
B o n d s . — Subject to call on and after A p r il 1 1 9 1 2 at 1 0 8 a n d Interest.
N o s in k in g fu n d .
R O A D ,— O p e r a te s 12 m ile s fro m T u s c a lo o s a t o H o lt , w h ic h Is b e in g
e le c t r if ie d .
W ill c o n s tr u c t a n e le c t r ic lin e fo r p a s s e n g e r s a n d f r e ig h t b e
t w e e n T u s c a lo o s a , B ir m in g h a m a n d G a d s d e n , 1 7 0 m ile s . T h e c o m p a n y Is
o p e r a tin g a lin e o f s te a m e r s a n d b a r g e s b e t w e e n T u s c a lo o s a a n d M o b ile a n d
M o n tg o m e r y a n d M o b ile .
O F F I C E R S .— 'A c tin g P r e s . & V . - P ., J . M . D e w b e r r y , B ir m in g h a m ; S e o .,’
R . D . J o h n s t o n J r ., B ir m in g h a m ; T r e a s ., L e w is M in o r , B ir m in g h a m .—
V . 86 , p .7 9 3 .
V IC K S B U R G , M IS S .
VICKSBURG TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d J u n e 7 1 9 0 8 In M is s iss ip p i a n d t o o k
o v e r t h e ra ilw a y p r o p e r ty o f t h e V ic k s b u r g R y . & L ig h t C o ., w h ic h w a s s o ld
s u b j e c t t o t h e first m tg e .; V . 8 6 , p . 1 1 6 1 . T h e e le c t r ic - lig h t in g b u s in e s s w a s
t r a n sfe r r e d to a s e p a r a te c o m p a n y , v i z . , t h e V ic k s b u r g L ig h t in g C o . T h e
$ 4 0 0 ,0 0 0 m t g e . o f 190 3 h a s b e e n a s s u m e d a n d s p r e a d o v e r t h e p r o p e r ty a s
fo llo w s : V ic k s b u r g T r a c ., $ 2 0 0 ,0 0 0 ; V ic k s b u r g L t . & P o w . C o ., $ 1 2 5 ,0 0 0 ,
a n d t h e E le c tr ic P o w . C o . (o w n in g old p o w e r h o u s e a n d s o m e r e a l e s t a t e ) ,
$ 7 5 ,0 0 0 .
S T O C K A N D B O N D S .—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 1 0 ,0 0 0 .................................................................................
$ 1 0 ,0 0 0 ..........................
V ic k s b u r g R y & L ig h t , $ 4 0 0 ,-1 1 9 0 3
5 g J -J
4 0 ,0 0 0 J u l y 1 194 3
0 0 0 , g o ld ( $ 1 ,0 0 0 ) _______c * J I n t e r - S t a t e T r . & B k g . C o ., N e w O r l., t r u s t .
B o n d s . — I n t e r e s t p a y a b le a t N e w O r le a n s a n d N e w Y o r k . N o s in k in g
fu n d a n d b o n d s a r e n o t s u b j e c t t o c a ll.
R O A D .— O p e r a te s 10 m ile s o f tr a c k ; s ta n d a r d g a u g e ; 4 5 a n d 8 0 - lb . T r a ils .
O F F I C E R S .— P r e s ., S . S . B u llls: V .- P . & G en . M g r ., W . B . M o o r m a n ;
S e c . a n d T r e a s ., J . B . M o o r m a n .
V IN C E N N E S , IN D .
VINCENNES TRACTION & LIGHT CO.
O R G A N I Z A T I O N .— O rg a n iz e d In 19 0 6 a n d h a s a c q u ir e d V in c e n n e s C it i
z e n s ’ S t r e e t R y . F ra n ch ise s e x p ir e 1 9 3 1 .
In 1909 n ew In ter e sts to o k c o n
tr o l.
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................................
$ 1 0 0 ,0 0 0 ____________
P ref $ 1 0 0 ,0 0 0 ($ 1 0 0 ) 6":, c u m . .........
.................
5 0 ,0 0 0
J a n '0 8 ,6 %
R e f u n d in g m o r tg a g e $ 6 0 0 ,0 0 0 1 1 9 0 6
5 g M -N
N one
J a n 1 192 3
($ 1 .0 0 0 ) g o l d ........................ c * j I n t . a t M e r c a n tile T r . C o ., S t . L o u is . T r u s t e e .
VIn C it iz e n s ’ S t R y fir st m tg e ) 190 3
5 J -J
2 0 0 ,0 0 0
1923
$ 2 0 0 ,0 0 0 ( $ 5 0 0 ) .............. ........c j K n ic k e r b o c k e r T r u s t C o ., N . Y . , T r u s t e e .
B o n d s . — O f t h e r e fu n d in g b o n d s $ 2 0 0 ,0 0 0 a r e r e se r v e d t o r e tir e V in c e n n e s
C it iz e n s ’ S t r e e t R y . Issu e a n d $ 3 5 0 ,0 0 0 fo r I m p r o v e m e n ts: $ 5 0 ,0 0 0 a r e In
tr e a s u r y o f c o m n a n y . S u b je c t t o c a ll a t 102 Hi.
N o s in k in g fu n d .
D iv id e n d s . — F ir s t d l v . o n p r e f. s t o c k , 3 % , p a id A u g . 1 9 0 8 . I « 1 9 0 9 ,
J a n ., 6 % .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s , $ 6 1 ,1 6 4 : n e t , $ 2 1 ,3 2 7 ;
c h a r g e s , $ 1 0 ,0 4 0 ; s u r p lu s , $ 1 1 ,2 8 7 ; In 1 9 0 7 , g r o s s , $ 5 5 ,0 2 3 ; n e t , $ 2 1 ,1 4 2 ;
c h a r g e s , $ 9 ,9 4 9 ; s u r p lu s , $ 1 1 ,1 9 3 .
R O A D .— O p e r a te s 8 .1 1 m ile s In c i t y o f V in c e n n e s .
5 6 - 7 0 -lb . T r a il.
S ta n -la r d g a u g e .
V a r io u s e x t e n s io n s h a v e b e e n p r o p o s e d .
O F F I C E R S .— P r e s ., S . A . C u lb e r tso n ; V .- P . a n d M g r ., S . S . B a s h ; S e c .
A t t llla C o x . V . 8 8 , p . 1 0 0 4.
W ACO, TEX A S.
C IT IZ EN S ’ R A I L W A Y . — A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e x a s F e b r u a r y 1 8 7 7 .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
s t o c k , $ 3 5 0 ,0 0 0 .........................................................................
$ 3 50.0(10 .........................
1 st m t g , $ 3 5 0 ,0 0 0 , c u r r e n c y . . . f l8 9 0
6 A .O
3 5 0 ,0 0 0 O c t l 1910
1 s t . L o u is U n io n T r . C o ..S t . L ., M o .. t r u s t e e .
O p e r a te s a b o u t 19 m ile s o f t r a c k .
P r e s, a n d G e n . M a n ., H . C. S e t t :
S e c ., A . D . B rlnkerholT ; S u p t . , W . S . R a t h e l l.— V . 6 6 , p . 84; V . 7 7 . p . 2 0 3 5 .
W ALLA
W A LLA , W A SH .
WALLA WALLA VALLEY TRACTION CO.
I n 1 9 0 9 t h e N o r t h w e s t e r n C o r p o r a tio n t o o k o v e r t h e N o r t h w e s t e r * G as
& E le c . C o . a n d t h e W a lla W a lla V a lle y T r a c . C o ., w h ic h w a s le a s e d t o t h e
N o r t h w e s t e r n G as & E le c . C o . V . 8 9 , p . 3 4 9 .
I n S e p t . 1 9 0 9 It w a s u n d e r
s to o d t h a t t h e N o r t h w e s t e r n C o r p . h a d file d a m t g e . fo r $ 5 ,0 0 0 ,0 0 0 b o n d s ,
c o v e r in g p r a c t ic a lly a ll o f th e n e w ly a c q u ir e d p r o p e r ty , I n c lu d in g t h e s t r e e t
r a ilw a y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In W a s h in g to n o n M a y 17 1 9 0 5 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ......... .............
_ ...............
$ 5 0 0 ,0 0 0 ____________
P r e f 6% c u m $ 1 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
___________
5 0 ,0 0 0 1 9 0 8 -0 9 6%
F ir s t m o r t g a g e $ 5 0 0 ,0 0 0 ($1 ,-1 1 9 0 6
5 g J -D
3 0 3 ,0 0 0 J u n e 1 1 9 2 6
0 0 0 ) g o i d _______________c & r j l n t . a t G e r m a n to w n T r u s t C o ., P h l la . , T r u s .
B o n d s . — B o n d s a r e g u a r . p . & 1. b y t h e N o r t h w e s t e r n G a s & E le c tr ic C o.
T h e r e m a in in g b o n d s a r e r e se r v e d fo r n e w c o n s tr u c t io n a n d b e t t e r m e n t s .
A s in k in g f u n d o f 2% o f b o n d s o u t s t a n d in g b e g in s A p ril 1911 fo r fo u r
y e a r s , 3 % fo r n e x t fiv e y e a r s , t h e n 4 % t o m a t u r i t y .
A re s u b j e c t t o c a ll
a t 1 0 5 a n d I n te r e s t o n 6 0 d a y s : n o t ic e .
R O A D .— O p e r a te s 1 9 .5 8 m ile s o f tr a c k b e t w e e n M ilto n , O r e ., a n d W a lla
W a lla , W a s h .
R a lls 5 6 , 6 0 a n d 1 0 0 -lb . T .
E A R N I N G S .— F o r 12 m o n th s e n d in g J u n e 3 0 1 9 0 8 : g r o s s , $ 8 4 ,5 5 6 : n e t ,
$ 2 5 ,6 4 2 ; I n te r e s t a n d c h a r g e s, $ 2 1 ,6 6 8 ; d iv id e n d , $ 3 ,0 0 0 ; s u r p lu s , $ 9 7 4 .
O F F I C E R S .— P r e s ., J . C . S t e v e n s , P h ila d e lp h ia : V . - P . , I s a a c W .
A n d e r s o n ; S e c . a n d T r e a s ., J . M . R h o d e s J r .; M gr. a n d S u p t . , F . S . D r a k e .
— V . 8 9 , p. 3 4 9 .
_________ __ ________
W A R R E N , M A SS.
WARREN BROOKFIELD & SPENCER STREET RY.—Operates 2 0
m ile s o f tr a c k b e t w e e n W a r r en . W e s t W a r r en , B r o o k fie ld , W e s t B r o o k f ie ld ,
N o r th B r o o k fie ld a n d S p e n c e r .
17 p a s s e n g e r c a r s.
S t o c k , $ 1 5 0 ,0 0 0 .
B o n d s , $ 1 2 5 ,0 0 0 . " C u r re n t lia b ilit ie s ” S e p t . 3 0 1 9 0 8 , $ 5 9 ,9 0 0 .
Earnings
fo r y e a r e n d in g S e p t . 3 0 1 9 0 8 , g r o s s , $ 5 4 ,7 7 9 ; n e t , $ 8 ,3 5 7 ; charges,
$ 1 4 ,7 9 3 : d e f ic it, $ 6 ,4 3 6 .
P r e s , a n d G e n . M g r ., A . B . Bruce, Lawrence;
V.-P., E w e n R. M c P h e r so n , C a m b r id g e : S e c . a n d Treas., Augustus Nicker
son, B o s t o n .
________ ________________
w a r r e n
, p a .
WARRBN’& JAMESTOWN STREET RY.—A trolley road.’"
*’
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w Y o r k a n d P e n n s y lv a n ia a n d
c o n s o lid a t e d J a n . 15 1 9 0 4 .
P r iv a te r ig h t o f w a y , e x c e p t In J a m e s t o w n ,
w h o re c o m p a n y h a s a 5 0 -y e a r f r a n c h is e a n d 3 o r 4 m ile s o f pubH o r ig h t o f
w a y , fo r w h ic h p e r p e tu a l fr a n c h is e s a r e h e ld .
^
STOCK A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) ...................... - ................................
$ 2 0 0 ,0 0 0 .........................
F ir s t m o r t g a g e , $ 3 0 0 ,0 0 0 ____ / 1 0 0 4
5 J -J
3 0 0 ,0 0 0 J u ly 1 10 3 4
( W a r r e n ( P a .) T r u s t C o ., T r u s t e e
S e c o n d m o r t g a g e . $ 1 0 0 ,0 0 0 ,1 1 0 0 8
6%
1 0 0 ,0 0 0 J a n 1 1018
g o ld , n o t r e d e e m a b le ............J
E A R N I N G S .— F o r 12 m o n th s e n d in g J u n e 3 0 1 0 0 0 , g r o s s , $ 8 1 ,4 1 7 : n e t ,
$ 4 2 ,3 5 0 ; f ix e d c h a r g e s a n d t a x e s , $ 2 4 ,0 6 7 ; s u r p lu s , $ 1 8 ,2 8 3 .
R O A D .— O p e r a te s 21)4 m ile s o f t r a c k fr o m W a r r e n , P a . , t o J a m e s t o w n .
N . Y.
E n te r s W a r r en o v e r t r a c k s o f W a rren S t r e e t R y .
D o e s a n e x p r e ss
b u s in e s s .
S ta n d a r d g a u g e .
7 0 - lb . r a ils .
6 c a r s.
O F F I C E R S .— P r e s , a n d G en . M g r ., D a v id H . S lg g ln s ; V . - P . , H o m e r M .
P r e s to n ; S e c . a n d S u p ., S . Q . S m ith ; T r e a s ., J o h n M . S ie g fr ie d , a ll o f
W a r r e n .— V . 8 5 , p . 1 520; V . 8 6 , p . 4 8 2 .
WARSAW, IND.
WINONA INTERURBAN RY.—A
t r o lle y r o a d .
O R G A N I Z A T I O N .— E n tir e c o m m o n s t o c k Is o w n e d b y t h e W in o n a
A s s e m b ly a n d S u m m e r S c h o o l A s s o c ia t io n . F r a n c h is e s a r e fo r 50 y e a r s .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
See te x t
........................
C o m m o n , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ......... ........................ ...............
P r e f , $ 6 0 0 ,0 0 0 6 % c u m .......................................................
$ 6 0 0 ,0 0 0 ........................
G o sh e n D lv 1st i n t g e $ 7 5 0 ,-) 1 9 0 5
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1925
0 0 0 "-old ($500 a n d $ i ,0 0 0 ) ( I n t . a t F ir s t T r u s t & S a v . B a n k , C h ic ., T r u s
P e r u D iv is io n fir st m o r t g a g e .f ____
___________
8 5 0 ,0 0 0 ____________
( U n i o n T r . C o ., I n d ia n a p o lis , I n d ., t r u s t e e .
B o n d s. — G o sh en D iv is io n b o n d s a r e a lie n o n ly o n t ie s e c t io n o f ro a d b e
t w e e n W a r sa w a n d G o sh e n .
A r e s u b j e c t t o c a ll a t 105 a n d I n t. o n a n y ln t
d a te.
P eru D iv is io n b o n d s a t e a lie n o n ly o n s e c t io n o f ro a d b e t w e e n P eru
and W arsaw .
R O A D .— O p e r a te s 3 6 H m ile s o f t r a c k b e t w e e n G o sh e n a n d M e n to n e .
A ls o 10 m ile s fr o m P e r u to C h ill. T o t a l tr a c k In o p e r a t io n , 46 K m ile s .
I s b e in g e x t e n d e d s o u t h fr o m M e n to n e t o C h ili, 23 % m ile s; e x p e c t e d to b e
c o m p le t e d b y J a n . 1 1 9 1 0 .
O F F I C E R S .— P r e s ., I I . J . H e in z , P itt s b u r g h ; V . - P . & G e n . M g r ., C. O .
J o h n s o n . P itt s b u r g h ; S e c . & T r e a s ., I I . C . A n d e r s o n , P itt s b u r g h ; A s s t .
S e c . & T r e a s ., J . C . S c h a d c , W a r s a w .— V . 8 2 , p . 1 4 4 0 ; V . 8 6 , p . 23 0 ; V . 8 7 ,
p . 1359.
WASHINGTON, D. C.
WASHINGTON RAILWAY & ELECTRIC.
F o r t t a t e m e n t o f t h is c o m p a n y s e ‘‘ E le c r c R y . S e c t i o n ” o f J u n e 2 6 1 9 0 9 .
BALTIMORE & WASHINGTON TRANSIT.
O R G A N I Z A T I O N .— O p e r a te s a tr o lle y ro a d e x t e n d in g fr o m T a lto m a t o
G le n S lig o , 2 m ile s , o p e n e d S e p t . 1 8 9 7 , a n d b y a tr a f f ic a g r e e m e n t w it h th e
B r lg h tw o o d E le c tr ic ru n s c a r s In to W a s h in g to n , w h e r e tr a n sfe r s a r e g iv e n
t o c i t y lin e s .
E x t e n s io n p r o p o s e d t o S a n d y S p r in g , M d ., 14 m ile s. A n e w
lin e In T a k o m a P a r k Is a ls o p r o p o s e d , w h ic h Is t o b e o p e r a te d b y A m e r ic a n
m o n o -r a il s y s t e m . S t o c k , $ 1 0 0 ,0 0 0 ; p a r , $ 5 0 .
F ir st m tg . 5 s , $ 5 0 0 ,0 0 0 , c*
( $ 5 0 0 ) , o f w h ic h o n ly $ 5 0 ,0 0 0 h a s b e e n Issu ed : I n te r e s t A -O ; b a la n c e ca n
o n ly b e Issu e d u p o n c o m p le t io n o f e x t e n s io n s a n d d o u b le t r a c k in g .
M ary
la n d T r u s t C o ., B a lt im o r e , t r u s t e e .
O F F I C E R S .— P r e s ., H e n r y W . W illia m s , B a ltim o r e ; V . - P ., W illia m A .
M e lle n , W a s h in g to n : S e c ., G e o . S c h e d e l, B a ltim o r e ; T r e a s ., N o r m a n D .
L ittle .
O ffic e , W a s h in g to n , D . C.
CAPITAL TRACTION. — A n u n d e r g r o u n d t r o lle y r o a d .
O R G A N I Z A T I O N — In t h e fa ll o f 18 9 5 a b s o r h e d t h e W a s h in g to n &
G e o r g e to w n a n d R o c k C reek c o m p a n ie s . S e e V . 6 1 , p . 2 8 3 , 3 2 8 , 5 8 8 .
In O c t . 1909 s h a r e h o ld e r s w e r e b e in g ofTered a t p a r $ 1 ,4 4 0 ,0 0 0 a d d it io n a l
1 s t 5S o f 1 9 0 7 .
V. 89, p. 918.
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity
QJ
$ 1 2 ,0 0 0 ,0 0 0
O c t ’0 9 1 H
S t o c k , $ 1 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
N e w first m o r t g a g e , $ 6 ,0 0 0 ,- ] 1 9 0 7
5 g J -D
2 ,5 2 0 ,0 0 0 J u n e 1 1947
0 0 0 , g o ld ( $ 5 0 0 ) ___________c / I n t . a t U n io n T r .C o .o f t h e D .o f C .,W a s h .,T r u s
B o n d s . — A re n o t s u b j e c t t o c a ll. P a r t o f t h e b o n d s Issu ed w e r e u s e d to
r e d e e m t h e $ 1 ,0 8 0 ,0 0 0 o u t s t a n d in g 4 % b o n d s o f t h e 19 0 0 Issu e.
D iv id e n d s — In 1 8 9 8 , J u ly 1, 75 c e n ts ; O c t . 1, 75 c e n ts ; In 1 8 9 9 , 4 d lv l
d e n d s o f 75 c e n ts e a c h ; In 1 9 0 0 , 3 % % ; in 1 9 0 1 , 4 % ; In 1 9 0 2 , J a n ., 1% ;
A p r il. 1 % ; J u l y , 1 % , a n d o n A u g . 20 a n e x t r a d iv id e n d o f $4 p er s h a r e w a s
p a id fro m p r o c e e d s o f s a le o f o ld p o w e r h o u s e ;
O c t ., 1% : In 1 9 0 3 , 4 % a ;
s,
in 1 9 0 4 , 5 % ; In 1 9 0 5 , 5 »A%: In 1 9 0 6 , 6 % ; In 1 9 0 7 , 6 % : In 1 9 0 8 , 6 % ; In
1 9 0 9 , J a n . , 1 )4 % ; A p r il, 1 )4 % ; J u l y . 1 )4 % ; O c t ., 1 ) 4 % .
R O A D .— U n d e r g r o u n d t r o lle y ( s in c e A p r il 1 8 9 8 ) , d o u b le t r a c k , 1 6 .6 0 5
m ile s ; o v e r h e a d t r o lle y , 5 .5 3 m ile s , d o u b le t r a c k . T o t a l le n g th o f r o a d ,
5 0 .5 9 m ile s o f s in g le tr a c k .
O p e r a te s l s l c lo s e d m o t o r , 14 • o p e n m o to r
c a r s , 126 c lo s e d tr a ile r s , 133 o p e n t r a ile r s , 22 o ld c a r b o d i e s , 7 s n o w s w e e p
e r s , 4 s a n d c a r s , 2 m a ll e a r s , 11 g r ip c a r s; t o t a l , 6 3 2 e a r s . 8 0 to 1 0 4 -lb . r a il
R E P O R T .— F o r c a le n d a r y e a r s .
R e p o r t fo r 1 9 0 8 In V . 8 8 , p . 5 5 9 .
R O A D .— O w n s A q u e d u c t B r id g e t o F o r t M y e r , A r lin g to n N a t io n a l C e m e
t e r y , C o r b e tts a n d N a u c k , 4 .3 3 m ile s; a ls o t o F a ir fa x v ia C la r e n d o n , D a llst o n . F a lls C h u r c h , V ie n n a a n d O a k to n , 1 6 .6 0 m ile s; a ls o a 2 J^ -m lle e x t e n
s io n c o n n e c t in g C la r e n d o n a n d A r lin g to n J u n c t io n . T o t a l t r a c k , in c lu d in g
s id in g s , 2 5 m ile s .
S ta n d a r d -g a u g e tra ck .
R a ils , 6 0 lb s . 2 5 p a s s e n g e r
a n d 14 f r e ig h t c a r s .
O F F I C E R S .— P r e s ., R . A . C h este r ; S e c . a n d T r e a s ., J . W . R i c h ,— V . 8 7 ,
p. 1239.
WASHINGTON BALTIMORE & ANNAPOLIS ELECTRIC RY.—A
s in g le - p h a s e e le c t r ic r o a d .
O n J u ly 12 1 9 0 3 r e c e iv e r s w e r e a p p o in t e d , b u t t h e B Ish o p -S h e r w In s y n d i
c a t e s u b s e q u e n t ly a c q u ir e d c o n tr o l a n d r e -c a p lta llz e d t h e c o m p a n y a s
b e lo w .
.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a r y la n d In M a y 1 9 0 1 .
In D e c
1 9 0 2 p u r c h a s e d t h e e n t ir e c a p it a l s to c k ($ 3 5 8 ,0 0 0 ) o f t h e A n n a p o lis W a s h
in g to n & B a lt im o r e R R . V . 7 5 , p . 1 3 0 1 . O w n s a ll t h e s to c k o f B a ltim o r e
T e r m in a l C o .
P r iv a t e r ig h t o f w a y .
F o r a g r e e m e n t w it h G e n e r a l E le c tr ic
C o . a n d c h a n g e s In e le c t r ic a l e q u ip m e n t, s e e V . 8 8 , p . 1 3 1 4 .
In ter e st due
M a y 1 1 9 0 9 o n fir st a n d s e c o n d m t g e . b o n d s h a s n o t b e e n p a id , b u t w ill
p r o b a b ly b e p a id In O c t. 1 9 0 9 .
F o r c o m p a n y 's o u t lo o k a n d c h a n g e s u p o n
w h ic h m a n a g e m e n t r e lic s to I n c r ea se n e t e a r n in g s s e e V . 8 9 , p . 5 3 0 .
STOCK A N D B O N D S —
D a le.
In te re st, o u ts ta n d in g .
M a tu r ity .
S t o c k , $ 6 ,0 0 0 ,0 0 0 ......................... .. _ _ ...........................
$ 6 ,0 0 0 ,0 0 0 .........................
1st m t g . $ 3 ,0 0 0 ,0 0 0 g o ld ($ 1 , ( 1 9 0 5
5 g M -N
3 ,0 0 0 ,0 0 0 M a y 1 1 9 3 5
0 0 0 ) -------------------------------------c (
I n t a t C le v e la n d T r u s t C o ., C le v e ., T r u s
(te e , or a t N a t. B an k o f C om m erce. N . Y .
2d m t g , $ 1 ,0 0 0 ,0 0 0 g o ld ($ 5 0 0 f 1905
5 g M -N
8 1 ,0 0 0 .0 0 0 M a y 1 1 9 3 9
a n d $ 1 , 0 0 0 ) _______________c ( I n t . a t C le v e la n d T r u s t C o ., C le v e ., T r u s t e e ,
lo r a t N a t . B a n k o f C o m m e r c e . N e w Y o r k .
B o n d s . — T h e first m o r tg a g e b o n d s a r e s u b j e c t t o c a ll M a y 1 1 9 1 5 , o r
1 9 2 0 , 1 9 2 5 a n d 1 9 3 0 , a t 1 1 0 , b u t o n ly a s a n e n t ir e t y .
T h e se co n d m tg .
b o n d s c a n b e c o lle d a s a n e n t ir e t y a t 1 0 5 o n M a y 1 19 1 0 o r 1 9 1 5 , 1 9 2 0
and 1925.
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 5 9 5 ,5 6 5 ; n e t , $ 1 8 2 ,
4 9 3 ; I n te r e s t a n d t a x e s , $ 3 2 2 ,4 7 8 ; d e f ic it, $ 1 3 9 ,9 8 5 .
R O A D . — O p e r a te s 31 m ile s o t d o u b le tra c k b e tw e e n B a ltim o r e a n d W a s h
i n g to n , w ith a b r a n c h 2 0 ) i m ile s , s in g le t r a c k , t o A n n a p o lis . S e c tio n b e
tw e e n W a s h in g to n a n d A n n a p o lis w a s p u t In o n e r a tlo n F e b . 7 1908 a n d r e
m a ln d e r o n A p ril 3 1 9 0 8 . V . 8 6 , p . 4 2 2 .
E n te r s W a s h in g to n o v e r t h e
tr a c k s o f t h e W a s h in g to n R a ilw a y & E le c tr ic C o.
O F F I C E R S .— P r e s .. G e o . T . B ish o p ; V . - P ., J o h n S h e r w ln , b o th o f C le v e a n d ; 2 d V .- P . a n d G en . M g r ., J . N . S h a n n a h a n , B a lt im o r e ; T r e a s . a n d
S e c ., C . F . G la d fe lte r , B a lt im o r e .
O p e r a tin g o f fic e , B a lt im o r e .— V . 8 6 ,
p . 4 2 2 , 9 8 3 ; V . 8 7 , p . 5 4 6 , 1 0 12; V . 8 8 p . 6 2 6 , 1 3 1 4 ; V . 8 9 , p . 2 2 6 , 5 3 0 .
(1) Baltimore Terminal Co.
O verdue In terest P a id . — I n t e r e s t d u e M a rch 1 9 0 9 o n t h e B a lt im o r e T e r
m in a l C o . fir st m t g e . g u a r a n t e e d b o n d s w a s p a id M a y 2 0 1 9 0 9 .
O R G A N I Z A T I O N .- I n c o r p o r a te d In M a r y la n d to fu r n ish a n e n t r a n c e
In to B a lt im o r e fo r t h e W a s h . B a lt . & A n n a p ., w h ic h o w n s a ll o f Its s t o c k .
V . 8 3 , p . 6 2 7 . F ra n c h ise o n s tr e e t s In B a lt im o r e Is fo r 5 0 y e a r s fro m 1 9 0 6 .
G re a te r p a r t o f e n t r a n c e In to B a lt im o r e o w n e d In p e r p e t u it y .
STO C K A N D B O N D S —
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 .5 0 0 ,0 0 0 ........................... .....
.
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1 st m o r t g a g e , $ 2 ,5 0 0 ,0 0 0 . g ,] 1 9 0 7
5 g M -S
$ 1 , 7 0 3 ,0 0 0 M ch 11927
g u a r ( $ 1 ,0 0 0 ) -------------------c* j l n t . a t C ltlz e n s ’ S a v . & T r . C o . o f C le v e .T r u s
Jor S a fe D e p o s it & T r u s t C o ., B a lt im o r e .
B o n d s . — A re g u a r ., p . & 1., b y th e W a s h . B a lt o . * A n n a p . f le e . R y
M ay be c a lle d o n M ch . 1 1 9 1 7 o r M ch . 1 19 2 2 u p o n 3 0 d a y s ‘ n o i l c e ,a n d a s a
w h o le o n l y , a t 1 1 0 a n d l n t .
U n is s u e d b o n d s r e se r v e d fo r fu tu r e e x t e n s i o n s .
R O A D .— H a s c o m p le t e d 4 )4 m ile s o f d o u b le tr a c k to p r o v id e e n t r a n c e
In to B a lt im o r e fo r t h e W a s h . B a lt . & A n n a p . E l. R y . a n d e r e c te d a t e r m in a l
s t a t i o n .— V . 8 3 , p . 4 9 1 , 6 2 5 .
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GREAT FALLS & OLD DOMINION RR. CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In V ir g in ia In 1 9 0 0 . S t o c k a u t h o
r iz e d , $ 2 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ).
R o a d 1 4 .1 9 m ile s fr o m
W a s h in g to n , D . C ., t o G r e a t F a lls , V a . T o t a l t r a c k , 2 8 .3 4 m ile s . S t a n d
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WATERLOO CEDAR FALLS & NORTHERN RY.—Trolley and steam.
O R G A N I Z A T I O N .— I n c o r p o r a te d In I o w a In 189 5 a s W a te r lo o & C ed ar
F a lls R a p . T r a n s it; n a m e c h a n g e d t o a b o v e In 1904 b y a m e n d in g a r tic le s
o f In c o r p o r a tio n .
O p e r a te s In c lo s e c o n n e c tio n w it h t h e C h ic a g o G r e a t
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STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 1 ,2 0 0 ,0 0 0 ( $ 1 0 0 ) ........... ............................ ..........
$ 6 0 0 ,0 0 0 .........................
C o n so l m o r t g a g e $ 2 ,0 0 0 ,0 0 0 1 19 0 8
5
A -O
1 3 5 ,0 0 0 A p ril 1 1948
C a le n d a r
G ross
N et
O ther
In terest
D ie s .
B a la n ce,
($ 1 ,0 0 0 ) g o l d _____________ ) I n t . a t F ir s t T r u s t & S a v . B a n k , C h ic a g o ,
Y ear—
E a r n in g s . ( o v e rta x e s ) . Incom e. C harge.
(6 % ).
S u r p lu s .
J tr u ste e : L o u is B o ls o t, C h ic ., a ls o t r u s t e e .
$ 9 4 3 ,8 4 0
$ 2 4 ,1 6 4 $ 1 2 6 ,0 0 0 $ 7 2 0 ,0 0 0 * 8 1 2 2 ,0 0 4
1 9 0 8 .................... $ 1 ,8 3 1 ,8 1 1
12
5 g A .O
7 5 5 .0 0 0
S ee tex t
1 9 0 7 ................... 1 ,7 6 4 ,3 4 5
8 6 0 ,8 6 4
2 2 ,1 6 3
9 1 ,5 0 0
7 2 0 ,0 0 0 7 1 ,5st 7m tg , $ 8 0 0 ,0 0 0 , g o ld , ($ 1 ,-1 1 9 0 2
0 0 0 ) ........... ....................... .......... c * j N o r th e r n T r u s t C o ., C h ic a g o , T r u s t e e .
9 0 7 ,1 4 9
1 8 ,5 9 1
4 3 ,2 0 0
7 2 0 ,0 0 0 1 6 2 ,5 4 0
1 9 0 6 ................... 1 ,7 0 8 ,4 6 3
E q u ip m e n t n o t e s ........................ .. ............................................
3 5 ,0 0 0 . __________
B o n d s . — O f t h e c o n s o l, m t g e . b o n d s , e n o u g h a r c r e s e r v e d t o r e tir e t h e 1 s t
• $ 7 0 ,1 1 7 w a s c h a r g e d , o u t o f s u r p lu s , t o r e n e w a ls In 1 9 0 8 .
m t g e . 5s a n d $ 3 5 ,0 0 0 e q u ip m e n t n o te s; r e m a in d e r a r e r e s e r v e d fo r e x
I n 1 9 0 8 4 2 ,6 8 0 ,2 2 1 r e v e n u e a n d 1 5 ,3 3 1 ,8 2 4 t r a n s fe r p a s s e n g e r s w e r e
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d a y s ’ n o t ic e a t 103 a n d I n te r e s t.
I n t e r e s t Is p a y a b le a t F ir s t N a t io n a l B a n k ,
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C h ic a g o .
R O A D .— O p e r a te s 8 9 m ile s o f t r a c k . I n c lu d in g a n e x t e n s io n o f 3 3 m ile s
WASHINGTON ALEXANDRIA & MT. VERNON RY.— U n d e r g r o u n d to S u m n e r , c o m p le t e d In O c t . 1 9 0 3 . L e a s e s S u m n e r t o W a v e r ly , 2 1 .9
t r o lle y In W a s h in g to n ; o v e r h e a d o u t s id e .
m ile s, w h ic h Is In c lu d e d In t h e 8 9 m ile s.
O R G A N I Z A T I O N .— O r g a n iz e d F e b r u a r y 1 8 9 0 .
I n M a rch 1 9 0 5 t h e o ld
E A R N I N G S .— F o r 12 m o n th s e n d in g N o v . 1 1 9 0 8 , g r o s s , $ 2 2 0 ,0 7 9 ;'n e t
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( a fte r t a x e s ) , $ 9 7 ,5 1 1 ; I n te r e s t, $ 3 8 ,5 0 0 ; s u r p lu s , $ 5 9 ,0 1 1 .
fo r I m p r o v e m e n t s , & c. S e e V . 8 0 , p . 1 1 7 6 .
In 1 9 0 8 le a s e d th e W a s h .
O F F I C E R S .— P r e s ., L . S . C ass; V . - P ., J . F . C ass; T r e a s . a n d A u d it o r
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2 8 9 , 2386: V . 8 6 , p . 1161: V . 8 7 , p . 1665.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g . D lv .& M a t
S t o c k , $ 1 ,5 0 0 ,0 0 0 (p a r $ 1 0 0 ) .............................. .............
$ 1 , 5 0 0 ,0 0 0 J u ly 0 9 1%
WATERVILLE, MAINE.
2 ,1 1 0 ,0 0 0 Mch 1 1955
1 s t m t g , $ 2 ,5 0 0 ,0 0 0 , g o ld ) 1 9 0 5 5 g M S
( $ 1 , 0 0 0 ) _________________ c * j I n t . a t T r . C o. o f N o r t h A m e r ic a , P h lla .
VVATERVILLE & FAIRFIELD RY. & LIGHT.
B o n d s . — O f t h e $ 2 ,5 0 0 ,0 0 0 a u t h o r iz e d , $ 3 9 0 ,0 0 0 a r e r e se r v e d for e x t e n
D e fa u lt. — I n t e r e s t o n $ 1 6 0 ,5 0 0 C la ss B b o n d s w a s d e f a u lt e d M a y 1 1 9 0 0 .
s io n s a n d I m p r o v e m e n ts a t 8 0 % o f c o s t .
T h e b o n d s a r e s u b j e c t t o c a ll o n
O n M a y 2 0 1 9 0 9 a p p lic a t io n w a s m a d e In S u p r e m e C o u r t a t A u g u s ta fo r th e
a n y Int' r e s t d a t e a t 110 a n d I n te r e s t u p o n t h r e e m o n t h s ’ n o t ic e . S e e V . a p p o in t m e n t o f a r e c e iv e r .
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• « . p . 1170.
O R G A N I Z A T I O N . — In D e c e m b e r 1897 th e s to c k h o ld e r s a g r e e d t o g iv e
L A T E N T E A R N I N G S .— F o r 7 m o s . e n d in g J u ly 31 1 9 0 9 , I n c lu d in g W a s h .
th e b o n d h o ld e r s t h e r ig h t for fiv e y e a r s , or u n t il t h e c o m p a n y s h a ll h e In a
A r l. & F . C h ., g r o s s, $ 2 9 8 ,7 9 6 ; n e t , a f t e r t a x e s , $ 1 3 5 ,8 1 3 ; fix e d c h a r g e s , p o s itio n t o m e e t a ll Its fix e d c h a r g e s , to e le c t a m a jo r ity o f t h e b o a r d ot
$ 9 3 ,8 0 0 ; s u r p lu s , $ 4 2 ,0 1 3 .
d ir e c t o r s , t h e b o n d h o ld e r s In tu r n h a v in g e x c h a n g e d t h e ir $ 2 0 0 ,0 0 0 o f 6%
E A R N I N G S .— Y e a r e n d in g D e c . 31 1 9 0 8 (n o t I n c lu d in g W a s h . A r l. & b o n d s fo r a lik e a m o u n t o f 20 y e a r 5s.
F a lls C h u r c h ), g r o s s, $ 3 4 4 ,3 7 1 ; n e t , a f t e r t a x e s , $ 1 4 5 ,6 6 0 .
I n 1 9 0 7 , g r o s s,
STO C K A N D B O N D S —
D ate.
In terest. O u tsta n d in g .
M a tu r ity
$ 3 2 5 ,9 6 9 ; n e t , a f t e r t a x e s , $ 1 4 6 ,2 0 7 .
S t o c k $ 2 0 0 ,0 0 0 ($ 1 0 0 1 .........................................................
$ 2 0 0 ,0 0 0 .........................
R O A D .— O p e r a te s fr o m W a s h in g to n , D . C ., d o u b le tr a c k , th r o u g h A l e x P rio r lie n b o n d s . .
_ 18 9 7
5 M -N
4 0 .0 0 9 M a y 1 19 3 7
a n d r ia t o M t. V e r n o n , w it h a te r m in a l In t h e h e a r t o f t h e c it y o f W a s h in g C o n so l m tg C la ss “ A " a n d l 189 7
5 M -N
2 0 0 ,0 0 0 M ay 1 19 3 7
to n a n d a le a s e d b r a n c h e x t e n d in g to A r lin g t o n , F o r t M y e r a n d R o s s ly n ,
C la ss " B ___________________( A m e r ic a n T r u s t C o ., B o s t o n . T r u s t e e .
V a . , In a ll s o m e 53 m ile s , s e r v in g e x c lu s i v e ly t h e s e c t io n s o u t h a n d s o u t h
R O A D .— O p e r a te s 5 m ile s o f t r o lle y b e t w e e n F a ir fie ld a n d W a t e r v llle ,
w e s t o f W a s h in g to n .
a n d fu r n ish e s lig h t a n d p o w e r for m is c e lla n e o u s p u r p o s e s .
D I V I D E N D S . — F ir s t d l v . (1 % ) p a id J a n . 1 9 0 7 .
In 1 908, J a n ., 1% .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s ( E le c t r ic L ig h t &
I n 1 9 0 9 , J a n , 1% ; J u l y , 1 % .
S t r e e t R y . ) , $ 8 5 ,6 5 6 ; n e t , $ 9 ,8 7 4 ; c h a r g e s , $ 9 ,2 1 3 ; s u r p lu s , $ 6 6 1 .
O F F I C E R S .— P r e s ., C la r e n c e P . K in g ; V . - P . , I I . H . P e a r s o n J r .; S e c .
a n d T r e a s ., J o h n W . P l t t o c k .
O ff ic e , W a s h in g to n , D . C ., a n d P h ila d e l
O F F I C E R S .— P r e s ., G eo . K . B o ilt e P e , W n te rv P Ie - T r e a s .. H . D , B a t e s ,
p h i a ,— V . 8 4 , p . 52; V . 8 7 , p . 1 2 39; V . 8 9 , p . 5 3 0 .
W a t e r v llle ; G en . M g r ., R a lp h J . P a t t e r s o n , W a t e r v llle , M e .— V . 8 8 , p .1 3 1 4 .
(1)
Washington Arlington & Falls Church Ry.
O R G A N I Z A T I O N .— C h a rte r e d 1 8 9 4 -6 -8 a n d 1902 a s t h e s u c c e s s o r o f
t h e W a s h in g to n & A r lin g to n R y .
In 1 9 0 8 w a s le a s e d t o t h e W a s h in g to n
A le x a n d r ia & M t. V e r n o n . T h e b a la n c e o f t h e s t o c k n o t o u t s t a n d in g Is
H eld in t h e t r e a s u r y o f th e W a s h . A l e x . & M t. V c r . R y . , w h ic h c o m p a n y
g u a r . d lv s . a t t h e r a te o f 2% In 1 9 0 9 , 3 % In 1 9 1 0 , 4 % In 1 9 1 1 , 5% In 1 9 1 2 ,
6% In J u ly 1913 a n d t h e r e a f t e r .
M a tu r ity .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g .
S t o c k , $ 5 0 0 ,0 0 0 ________________
$ 1 7 5 ,0 0 0
Sec te x t.
F ir s t m o r tg a g e $ 1 0 0 ,0 0 0 g o l d . 1 8 9 5
6 J -J "
1 0 0 .0 0 0 J u ly 1 1 9 2 5
S e c o n d m o r t g a g e $ 2 5 0 , 0 0 0 . . . 1903
5 A -O
2 5 0 .0 0 0 A p ril 1 1953
F ir s t c o n s o l m tg e $ 1 ,0 0 0 ,0 0 0 1 1 9 0 8
5 g M -S
_____
.
4 0 0 .0 0 0 S e p t 1 1 9 5 8
g o ld ($1’,0 0 0 ) -------------------c * j I n t e r e s t a t G irard T r u s t C o ., P h l la ., tr u s t e e
B o n d s . — $ 3 5 0 ,0 0 0 first c o n s o l, b o n d s a r e r e se r v e d fo r p r io r lie n s; r e m a in
d e r fo r b e t te r m e n ts , & c.
B o n d s a r e g u a r ., p . * I., b y e n d . b y W a s h . A le x & M t. V e r n o n R y . S u b je c t t o c a ll o n a n y ln t . d a t e a t 1 0 5 a n d l n t . o n 3
m o n t h s ’ n o t ic e .
WEBB CITY, MO.
SOUTHWEST MISSOURI RAILROAD CO
O R G A N I Z A T I O N — O r g a n iz e d u n d e r t h e g e n e r a l r a ilr o a d la w s o f M is
so u r i, a n d o n S e p t 1 190 6 a c q u ir e d t h e S o u t h w e s t M isso u ri E le c tr ic R y .
a n d t h e W e b b C ity N o r th e r n E le c tr ic R R .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
StOCK $ 5 ,0 0 0 ,0 0 0 . ........................................................... $ 3 ,5 0 0 ,0 0 0
.........................
G en er a l a n d r e fu n d in g m o rt-1 1 9 0 6
5 g M -S
5 5 0 ,0 0 0 .S ep t. 1 1931
g a g e $ 5 ,0 0 0 ,0 0 0 g o ld ( $ l . - ) I n t . a t H a rr isb u r g ( P a .) T r u s t C o ., tru ste e ;
0 0 0 ) .............. ..................................J o r N a t io n a l B a n k o f C o m m e r c e . N . Y .
W e b b C ity N o r th e r n m t g l 10 0 5
5 g M -S
2 0 0 ,0 0 0
S e p t ., 19 2 3
$ 2 0 0 n o o g o l d ________
c j I n t . a t S a fe D e p . & T r . C o .. P i t t s , t r u s t e e .
S o u t h w e s t M issouri E le c tr ic 1 1903
5 gM S
1 ,1 5 0 ,0 0 0 S e p t . 1 1 9 2 3
R v . r e fu n d in g a n d e x te h - (H a r r is b u r g T r u s t C o ., H a r r ls b ., P a . , t r u s t e e ,
s lo n m tg $ 1 ,5 0 0 ,0 0 0 _______J I n t . p a y a b le a t N a t . B k . o f C o m m e r c e , N . Y
B o n d s . — O f t h e $ 5 ,0 0 0 ,0 0 0 n e w b o n d s , $ 1 ,3 5 0 0 0 0 a r e r e s e r v e d fo r p rio r
lie n s a n d $ 3 ,1 0 0 ,0 0 0 fo r I m o r o v e m e n ts a n d e x te n s io n s .
E A R N I N G S .— F o r y e a r e n d in g A u g . 31 1 9 0 0 , g r o s s , $ 4 9 0 ,3 7 3 ; n e t , $ 2 2 5 ,
964; I n t e r e s t , $ 1 0 9 ,5 0 9 ; s u r p lu s , $ 1 1 6 ,3 6 5 : Y e a r e n d in g A u g . 31 1 9 0 8 , g r o s s ,
$ 4 7 4 ,4 7 3 ; n e t , $ 2 1 6 ,2 1 9 ; I n t e r e s t , $ 1 0 6 ,4 6 9 ; s u r p lu s , $ 1 0 9 ,7 5 0 .
R O A D .— O p e r a te s 7 3 m ile s o f tr a c k c o n n e c t in g C a r th a g e , C a r t e r v llle ,
W e b b C it y , P r o s p e r it y , P o r t o R i c o , D u e n w e g - O r o n o g o , N e c k C it y , P u r c e ll,
A lb a , J o p l in , V illa H e ig h t s a n d C h it w o o d , a ll In M is s o u r i, a n d G a le n a In
K a n s a s.
O F F I C E R S .— P r e s , a n d T r e a s ., A . H . R o g e r s , J o p lin , M o.; V . - P . , E . Z .
W a llo w c r , H a r r b b u r g , P a .; S e c ., A . G . K n ls e ly , o f H a r r is b u r g , P a . — V . 7 7 ,
p . 38- V 8 0 p . 1 972; V . 8 3 , D. 7 5 2 .
WEST CHESTER, PA.
THE WEST CHESTER STREET RAILWAY CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia A u g . 4 1 8 9 0 .
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B o n d s . — N o s in k in g fu n d a n d b o n d s n o t s u b j e c t t o c a ll.
E A R N I N G S .— F o r fis c a l y e a r e n d in g J u n e 3 0 :
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te n s io n L e n a p e t o K e n n e th S q u a r e w a s c o m p le t e d O c t . 1 1 0 0 4 . A n e x t e n s io n
fro m G a lla g h e r v llle t o C o a t e s v llle c o m p le t e d N o v . 5 ’0 6 . T o t a l tr a c k , 3 0 m .
O F F I C E R S .— P r e s ., M e y e r S c h a m b c r g ; S e c ., J o n a s R ic e ; T r e a s ., G eo
D . W o o d s ld e , a ll o f P h ila d e lp h ia ; S u p t ., E . W . G o ss , W e s t C h e s t e r .— V . 8 4
p. 340, 392.
WESTCHESTER & WILMIN0T0N ELECTRIC RY.
O R G A N I Z A T I O N .— A c o n s o lid a t io n o n M a rch 2 6 1 9 0 8 In P e n n s y lv a n ia
o f t h e W e s t C h e s te r & W llm . E le c . R y . o f P a . (c h a r te r e d D e c . 14 1 9 0 7 in
P e n n .) a n d t h e W e s t C h e s te r & W llm . E le c . R y . o f D e l. (c h a r te r e d J a n . 2 4
1 9 08 In D e la w a r e ) . P r o p o s e s t o c o n n e c t W ilm in g t o n a n d W e s t C h e s te r ,
17 m ile s .
P r i v a t e r ig h ts o f w a y a lr e a d y s e c u r e d . P r o p o s e s t o c a r r y fr e ig h t
a s w e ll a s p a s s e n g e r s .
S T O C K A N D B O N D S .—
D a te.
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M a tu r ity .
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f u n d o f 20 % o f n e t e a r n in g s , a n d a r e s u b j e c t t o c a ll a t 10 5 a f t e r 5 y e a r s .
$ 1 0 0 ,0 0 0 a r c r e s e r v e d fo r e x t e n s io n o f lin e t o t id e w a te r .
O F F I C E R S .— P r e s . T h o s . E. O ’C o n n e ll; S e e , a n d T r e a s ., C. P. Faucett.
— V . 8 7 , p . 40; V . 8 8 , p . 102,
WHEELING, W. VA.
WHEELING TRACTION. — A t r o lle y r o a d .
, R G A N IZ A T I O N .
R e o r g a n iz e d J a n . 1 1901 a s a c o n s o lid a t io n o f t h e
W h e e lin g R y . , t h e B c lla lr e B r id g e p o r t * M a r tin 's F e r r y R y . a n d t h e
M o u n d s v tlle B e n w o o d & W h e e lin g R y . C o m p a n y o w n s a trifle o v e r 3 9
4 0 t h s o f t h e c a p it a l s t o c k o f t h e C it iz e n s ’ S t r e e t R a ilw a y C o ., a n d le a s e s
s a m e for 0 9 y e a r s .
O w n s t h e e n t ir e c a p it a l s t o c k o f t h e S t e u b e n v i ll e *
W h e e lin g T r a c t io n C o . O w n s t h e c a p ita l r to c k o f t h e W h e e lin g & W e s te r n
R R . a n d t h e B e lla lr o S o u t h W e ste r n T r a c tio n C o . S e e l a t t e r c o m p a n y b e
lo w .
V. 83, p . 563, 753.
In J a n . 1 9 0 6 a c q u ir e d c o n tr o l o f P a n h a n d le T r a c .
F ra n ch ise O rdinance A d o p te d . — O n M a y 2 9 1 9 0 7 t h e o r d in a n c e a m e n d in g
t h is c o m p a n y ’s fr a n c h is e w a s p a s s e d b y t h e C it y C o u n c il. V . 8 4 , p . 1 3 6 9
STO C K A N D B O N D S —
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In te re st. O u tsta n d in g . I ast a ir.. &c.
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g o l d ........................................... . c ’ l ln t e r e s t a t N a t B a n k o f C o m m e r c e , N . Y .
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len s. C an b e c a lle d on a n y In te r e st d a y a t 105 u p o n 3 0 d a y s ’ n o t ic e . 1 h e
W h e e lin g R y . 1 st 6s a r e s u b j e c t t o c a ll a f te r S e p t . 1 1 9 1 2 .
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a g a in p a id o n J u l y 1 1 9 0 3 .
N o n e t o J u l y 1 9 0 9 . w h e n 1 % w a s p a id .
R O A D . - O p e r a t e s 4 4 .2 m ile s o f t r a c k In W h e e lin g a n d s u b u r b s , e x t e n d
(1) Steubenville & Wheeling Traction Co.
O R G A N I Z A T I O N .— T h is c o m p a n y In S e n t . 1 0 0 5 a c q u ir e d b y d e e d a ll t h e
p r o p e r ty or t h e S t e u b e n v ille M in go * O h io V a lle y T r a c t io n C o . s u b j e c t tS
t h e $ 1 5 0 ,0 0 0 b o n d s o f t h a t c o m p a n y In t a b le b e lo w .
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T h e n ew b o n d s a r e s u b je c t t o c a ll o n a n d a f te r M ay 1 1 9 0 8 a t 102 a n d Int
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t lo n C o.
E n tir e Issu e o f S t e u b e n v ille M in g o & O h io V a lle y b o n d s Is s u b j e c t
t o e a ll a t par u p o n 3 m o n th s ’ n o t ic e a fte r J a n . 1 1910
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e x t e n s io n t o M a r tin s F e r r y Is c o m p le t e d a n d In o p e r a tio n a s fa r a s R a y la n d . O . P o w e r h o u s e Is lo c a t e d a t B r illia n t .— V . 8 1 , p . 1 1 0 1 .
(21 Panhandle Traction Co.
I n J a n . 1 9 0 6 c n tr o l w a s a c q u ir e d b y t h e W h e e lin g T r a c t io n Co w h ic h
o w n s a ll b u t 6 s h a r e s o f s t o c k .
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t h e r e a f t e r a t p a r a n d In t. o n 3 0 d a y s ’ n o tic e .
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m o s t ly o n p r iv a t e r ig h t o f w a y .
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a r d g a u g e ; 7 0 - lb . T a n d 9 0 - lb . g ir d e r r a il.
(3) Bcllalre South Western Traction Co.
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t k e W h e e lin g T r a c t io n C o .; t h e y a r e t o b e u s e d t o c o n ROAD.
O p e r a te s 2 m ile s fro m B e lla lr e t o S h a d y s ld e .
(4) Wheeling & Western Ry.
O R G A N IZ A T IO N .
I n c o r p o r a te d In O h io In M arch 1901
S t o c k r x io n 0 0 0 ) Is o w n e d b y t h e W h e e lin g T r a c t io n .
B o n d s , $ 5 0 0 ° 0 0 0 ; n o n e I s su e d .
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T r a c t io n C o. t o B a r t o n . O . T o bo e x t e n d e d t o S t ? C la lr s v llle , O .
CITY 4 ELM GROVE R R —A trolley road.
In 1 9 0 7 c o n t r o l c h a n g e d h a n d s a n d o ffic e r s e le c t e d a s b e lo w .
V . 8 5 , p .6 5 4 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In W e s t V ir g in ia a n d o w n s c o n t r o l o f
t h e C ity R a ilw a y C o ., t h e W h e e lin g & E lm G r o v e R y . , t h e W h e e lin g P a r k
A s s o c ia t io n a n d t h e S u b u r b a n L ig h t & W a te r C o .
ST O C K A N D B O N D S —
D ate.
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M a tu r ity .
$ 2 ,0 0 0 ,0 0 0
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B o n d s . — O f t h e $ 2 ,5 0 0 ,0 0 0 n e w b o n d s $ 1 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o r e tir e
p rior lie n s .
A re s u b j e c t t o c a ll o n a n y In te r e st d a t e a t 1 0 5 a n d I n t. V . 8 3 .
P 4 9 1 . T h e a u t h o r iz e d a m o u n t o f t h e W h e e lin g & E lm G r o v e R y . m t g .
w a s o r ig in a lly $ 1 , 2 5 0 ,0 0 0 , b u t w a s r e d u c e d ln S e p t . 1 9 0 6 t o $ 1 ,0 0 0 ,0 0 0 .
V . 83. p 3 7 0 ,4 9 1 ,6 2 5 .
« , ^ A P N r ? G ? . - F o r c a le n d a r y e a r 1 9 0 8 , g r o s s . $ 3 2 4 ,6 7 9 ; In 1 9 0 7 . g r o s s ,
$ 3 4 0 ,5 8 4 ; In 1 9 0 6 , g r o s s . $ 3 1 4 ,6 8 0 .
_ .
O p e r a te s 3 2 m ile s o f t r a c k ln W h e e lin g a n d t o E lm G r o v e .
P o i n t M ills a n d W e s t A l e x a n d e r .— V . 8 3 , p . 3 7 0 , 4 9 1 , 6 2 5 ; V . 8 5 , p . 6 5 4 .
O F F I C E R S .— P r e s ., J o h n A . H o w a r d ; S e c ., C h a r le s M a d d e n ; T r e a s .,
W . C . H a n d la n ; G e n . M g r ., J . W . S m it h .
WILMINGTON, DEL.
W IL M IN G T O N N E W C A S T L E * S O U T H E R N R Y .
R eceiversh ip .— I n J u n e 1 9 0 7 C h a n c e llo r N ic h o ls o n a t D o v e r a p p o in t e d
W llm e r P a lm e r a n d J . C . G lg so n r e c e iv e r s . V 8 4 , p . 1 5 5 3 .
F o r e c lo s u r e
p r o c e e d in g s h a v e b e e n i n s t i t u t e d .
V . 85, p . 922.
-aiVah H A b l r I O S . — in c o r p o r a t e d ln D e la w a r e ln M arch 1 9 0 4 a s a c o n
s o lid a t io n o f t n c W ilm in g t o n & N e w C a s t le E le c tr ic R y . a n d t h e N e w C a s t le
& D e la w a r e C it y R y . ( la t t e r fo r m e r ly le a s e d t o fo rm er!
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C . P . H o lc o m b ; T r e a s ., J , C h e s te r G ib s o n .— V . 8 5 , p . 9 2 2 .
WILMINGTON, N. 0.
T I D E W A T E R P O W E R CO .
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17 1 9 0 7 le a s e d t h e C o n s o lid a te d R a i l w a y s , L ig h t & P o w e r C o . fo r 9 9 y e a r s
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ST O C K —
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($ 1 ,0 0 0 ) g o l d ......................... c* ( I n t . a t C a r n e g ie T r u s t C o .. N . Y . . T r u s t e e
B o n d s . — M o r tg a g e c o v e r s r a ilw a y In W ilm in g t o n o w n e d b y c o m p a n y ,
e x te n s io n s t o t h e g a s a n d e le c t r ic p la n t s o f C o n so l. R y s . L t . & P o w . C o .
i n v ' f h v T M p w n fcr Po«'(>r r ft., a ls o s t o c k o f C o n so l. P ''< T.f X- P o w C o .
a n d l e a s e e x e c u t e d b y l a t t e r c o m p a n y t o f o r m e r . A d d it io n a l b o n d s m a y
b e I ssu ed a t 8 5 % o f c o s t o f n e w p r o p e r ty a n d e x t e n s i o n s , b u t o n l y w h e n
n e t e a r n in g s e q u a l 5 0 % m o r e t h a n I n t. o n a ll b o n d s o u t a n d I n c lu d in g
a m o u n t t o b e I s su e d .
B o n d s a r e s u b j e c t t o c a ll J a n . 1 1 9 1 3 ln e n t ir e t y o n ly
a t 4 w e e k s 'n o tic e a t 105.
S in k in g fu n d o f 1% s ta r t s 1 9 1 3 .
V . 89. p. 471.
ttiv ia e n a s . — »"0 per a n n u m Is b e in g p a id o n p r e fe r r e d ( ) 4 % m o n t h ly
o m i ’ t l i ' 7 T *n and .In ly ).
E A R N I N G S .— Y e a r e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 2 7 1 ,0 3 0 ; n e t . $ 9 5 ,1 8 3 *
c h a r g e s , $ 4 0 ,6 4 5 ; s u r p lu s , $ 5 4 ,5 3 8 .
I n 1 9 0 7 , g r o s s , $ 2 3 6 ,0 9 2 ; n e t , $ 8 0 ,2 0 9 *
c h a r g e s , $ 4 8 ,5 0 1 ; s u r p lu s . $ 3 1 ,7 0 8 .
O F F I C E R S . - P r e s . , H u g h M a c R a e ; V . P . . M . F . H . G o u v e r n e u r ; 2d
V P . '( t H e y e r : S e p ., h W o o llc o t t; T r e a s .. R . j .Tones- G en M er
A . B . S k e ld ln g . V . 8 5 , p . 4 2 , 1 1 4 4 ; V . 8 6 , p . 1 1 6 1 , 1 4 6 8 ; V . 8 9 , p . 4 7 1 . "
(1)
C o n s o lid a te d R a d w a y s , L ig h t & P o w e r C o .
L ea se .— O n O c t. 17 1 9 0 7 w a s le a s e d t o T id e w a t e r P o w e r C o . f o r 9 9 y e a r s .
R e n t a l Is i n t . o n b o n d s a n d 5 % o n o u t s t a n d in g c o m m o n a n d p r e fe r r e d s t o c k ,
a ls o 5 % o n $ 1 0 5 ,0 0 0 s u r p lu s .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N o r t h C a r o lin a o n A p r il 2 4 1 9 0 2
a n d Is a c o n s o lid a t io n o f t h e W ilm in g t o n S t r e e t R y . , W ilm in g t o n G a s L ig h t
C o ., W ilm in g t o n & S e a C o a s t R R . W ilm in g t o n D u m m y L in e a n d t h e W il
m in g t o n E le c tr ic L ig h t C o
O p e r a te s e n t ir e s tr e e t r a ilw a y , e le c t r ic lig h t
a n d g a s s y s t e m s o f t h e c i t y . A ll fra n ch ise s s t a t e d t o b e p e r p e tu a l; s t r e e t
r a ilw a y f r a n c h is e is e x c lu s i v e u n t il 1 9 3 7 .
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
C o m m o n $ 3 5 0 ,0 0 0 ( $ 1 0 0 ) .................................................
$ 3 5 0 ,0 0 0 S e e t e x t .
P r e fe r r e d $ 1 5 0 ,0 0 0 5% c u m u -1 ....................................
1 0 0 ,0 0 0 S e e t e x t .
la t l v e ( $ 1 0 0 ) ............................./
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5 6 6 .8 0 0 J u l y 1 1 9 3 2
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$ 1 0 0 . $ 5 0 0 a n d $ 1 . 0 0 0 ) . . . c ) I n t . a t S a f e D e p . & T r . C o., B a lt.,M d ., t r u s t e e .
B o n d s .— A sin k in g fu n d c o m m e n c e d J u l y 1 1 9 0 4 , t o w h ic h 1% p e r a n n u m
o f o u t s ta n d in g b o n d s Is p a y a b le u n t il 1 9 1 4 ; 1 H % a n n u a ll y u n t il 1924 a n d
2% per a n n u m t h e r e a f t e r .
P r o c e e d s t o b e I n v e s te d In t h e b o n d s a t n o t
e x c e e d i n g 1 0 5 a n d I n t ., b u t b o n d s a r e n o t s u b j e c t to c a ll.
$ 3 3 ,2 0 0 b o n d s
h a v e b e e n r e tir e d b y t h e s in k in g f u n d .
R O A D .— O w n s 2 5 .6 m ile s o f t r a c k , 1 .5 0 m ile s o f w h ic h a r e l e a s e d t o t h e
A t l a n t i c C oast. L in e R R . C o . u n t il 1 9 3 6 . 3 0 c a r s.
5 6 , 6 0 n n d 7 5 - lb . T
r a il.
I n 1 0 0 9 s u p p lie d 1 9 .3 6 2 I n c a n d e s c e n t lig h ts ; 1 4 2 a r c lig h t s a n d 96
t u n g s t e n la m p s .
H a s 1 4 .6 7 m ile s o f g a s m a in s .— V . 8 5 . p . 4 0 , 1 1 4 3 .
WINONA, MINN.
W I N O N A R A I L W A Y & L IG H T C O .— A t r o lle y r o a d .
I s c o n t r o lle d b y I n te r e s ts a llie d w it h t h e L a C r o sse W a t e r P o w e r C o.
O R G A N I Z A T I O N ’ . - In c o r p o r a te d In W e s t V lr e ln la o n M a rch 4 1 8 9 6 .
C o n tr o ls a ll e le c t r ic - lig h t in g a n d e le c t r ic p o w e r b u s in e s s In W in o n a . In a d
d i t io n to t h e s t r e e t r a ilw a y . S t r e e t r a ilw a y fra n ch ise e x p ir e s in 1 9 3 3 a n d
e le c t r ic lig h t fra n ch ise In 1 9 2 9 .
O w n s t h e M in n e s o ta L ig h t & P o w e r C o.
O n A p ril 9 1 9 0 7 t h e d ir e c to r s a u th o r iz e d t h e Issu e o f t h e $ 5 0 0 ,0 0 0 m o r t
g a g e s b e lo w .
S T O C K A N D B O N D S .—
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S t o c k $ 4 0 0 ,0 0 0 ( $ 1 0 0 ) ...... .......................
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($ 1 ,0 0 0 ) R lnklng f u n d . . .<»*/I n f . a t O ld C o lo n y T r u s t C o ., B o s t o n , T r u s .
B o n d s .— C an b e c a lle d a t 1 0 5 a n d I n t. o n a n y I n t . d a y . S in k in g fu n d
s t a r t s J a n . 1 1 9 1 0 w it h n o t le s s t h a n $ 5 ,2 5 0 a n d In c r e a s e s g r a d u a lly u n t il
1 9 2 2 , w h e n $ 1 0 ,5 0 0 Is p a id ; $ 1 0 ,5 0 0 Is a g a in p a id u p t o a n d I n c lu d in g 1 9 2 5 .
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o f 1004.
R O A D .— O p e r a te s 6 .7 5 m ile s o f t r a c k In W in o n a . 4 0 6 0 - lb T r a ils .
O F F I C E R S .— P r e s .. W . J . F erris: V . - P ., D . R . N Iv e r ; T r e a s ., E . G .
B o y n to n .— V . 7 9 , p . 7 3 5 .
_
WINSTON-SALEM, N. 0.
W IN S T O N -S A L E M R A I L W A Y & E L E C T R IC C O .— A t r o lle y r o a d .
In
N o v . 1 8 9 9 t h e r o a d w a s p u r c h a s e d b y t h e F r ie s M fg . & P o w e r C o a n d c o n
s o lid a t e d w ith It
O R G A N I Z A T I O N , & c .— I n c o r p o r a te d In 1 8 9 1 fo r 9 9 y e a r s . F ra n c h ise
In W in s to n Is p e r p e tu a l a n d In S a le m e x p ir e s In 1 9 4 0 .
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , c o m . $ 6 0 0 .n n n ( $ i o n ) ________
___
$571000 .
l o o ’o n o
P r o f 6% n o n - c . $ 1 0 0 ( $ 1 0 0 . 0 0 0 ) ____
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o p t io n a l J a n 1 1 9 1 0 a t t i n ) i n t . a t T r u s t C o . o f A m c r .. N . Y . . t r u s t e e .
B o n d s .— T h e $ 3 9 ,0 0 0 b o n d s u n is s u e d a r e d e p o s ite d a s c o lla t e r a l fo r a lo a n .
R O A D .— O p e r a te s 10 m ile s o f t r a c k , 2 8 8 a r c a n d 1 7 .2 0 2 I n c a n d e s c e n t
l ig h t s , an d fu r n is h e s p o w e r fo r m a n u f a c t u t ln g p u r p o s e s .
A lso a 5 0 - to n Icep la n t . p a r k a n d a t tr a c t io n s .
3 7 c a r s I n c lu d in g tr a ile r s .
E A R N I N G S . — F a r risen] vea>- endin'*- N o v . 30 10n s (F r ie s M fc \ & P o w e r
C o ' , g r o s s . $ 2 0 9 ,5 8 7 ; n e t , $ 6 4 ,0 4 6 : I n te r e s t, $ 2 3 ,0 5 0 : s u r p lu s , $ 4 0 ,9 9 6 ; In
in n ? , g r o s s . $ 2 2 9 ,2 0 2 : n e t . a f t e r t a x e s , $ 5 4 ,7 7 7 ; I n t e r e s t , $ 2 3 ,0 5 0 : s u r p lu s ,
$ 3 1 .7 2 7 .
O F F I C E R S .— P r e s ., IT. F,. F r ies: V . - P ., W . A . B la ir a n d F . H . F r ie s ;
S e c . a n d T r e a s ., B . J . P f o h l; a ll o f W in s to n S a le m .— V . 7 4 . p . 1 0 8 8 , 1 0 9 1 .
WORCESTER, MASS.
WARE & BROOKFIELD ST. RY.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a s s a c h u s e t t s In O c t . 1 9 0 5 , a n d Is
s u c c e s s o r t o t h e H a m p s h ir e & W o r c e s te r S t . R y . , s o ld o n S e p t . 3 0 1 9 0 5 .
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k _______________ _______ - ...............................................
$ 1 0 0 ,0 0 0 ------------------H a m p & W o r 1 st m t g , $ 1 3 5 ,-1 190 1
5 g J -D
1 3 5 ,0 0 0 D e c 1 1 9 2 1
0 0 0 g o ld ( $ 1 ,0 0 0 ) ________ c * J I n t . a t A m e r . T r u s t C o ., B o s t o n , T r u s t e e .
B o n d s . — N o s . f. a n d b o n d s a r e n o t s u b j e c t t o c a ll.
E A R N I N G S .— F o r y e a r e n d in g S e p t . 3 0 1 9 0 8 , g r o s s, $ 2 5 ,4 9 7 : d e f ic it
fr o m o p e r a t io n , $ 2 ,0 0 5 : c h a r g e s , $ 7 ,4 3 2 ; t o ta l d e f ic it , $ 9 ,4 3 7 .
In 1907,
g r o s s , $ 2 4 ,5 5 4 ; d e llc it fr o m o p e r a tio n , $ 1 ,1 1 9 ; c h a r g e s , $ 6 ,8 7 5 ; t o t a l d e f ic it,
$ 7 ,9 9 4 .
R O A D .— O p e r a t e s 12 m ile s o f t r a c k b e t w e e n W a r e a n d W . B r o o k f ie ld ,
a n d b e t w e e n W a r e a n d G llb e r tv llle , a n d c o n n e c t s w it h t h e S p r in g fie ld &
E a s t e r n S t . R y . a n d W a r r en B r o o k fie ld & S p e n c e r S t . R y .
12 p a s s . c a r s .
O F F I C E R S .— P r e s ., C h a s. N . B a r n a r d , B o s to n ; T r e a s ., E . W . G ilb e r t,
B o s t o n ; S u p t . , D . E . P e p in W a r e .- W . 7 9 . p 2 6 4 2 : V . 8 1 . p . 7 7 7 , 1 1 7 5 .
YOUNGSTOWN, OHIO.
MAHONING & SHENANUO RY. & LIGHT CO.
„,
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y l v a n ia o n M a y 2 3 1 9 0 5 , a n d
o w n s a ll t h e p r o p e r tie s o f t h e P e n n s y lv a n ia & A la h o n in g V a lle y R y . . a n d a
c o n t r o llin g I n te r e s t o f t h e c a p i t a l s t o c k o f t h e Y o u n g s to w n P a rk & F a lls S t.
R y . C o. a n d t h e W h e a t la n d S t . R y . C o .; a ls o o w n s m o r e t h a n 90 % o f t h e
($2 5 0 0 ,0 0 0 ) s t o c k o f t h e Y o u n g s to w n -S h a r o n R y . & L ig h t C o ., w h ic h In
t u r n , th r o u g h o w n e r s h ip o f t h e ir s t o c k s a n d b o n d s , c o n t r o ls t h e Y o u n g s to w n
& S h a r o n S t . R y . , t h e V a lle y S t . R y . , t h e S h a r o n & W h e a t la n d S t . R y . .
t h e S h a r p s v llle E le c tr ic L t . C o ., t h e S h a r o n G a s & W a te r C o ., t h e S h e n a n g o
V a lle y E le c tr ic L t . C o . a n d t h e Y o u n g s to w n C o n s o lid a te d G a s & E le c tr ic .
A ls o o w n s e n t ir e c a p it a l s t o c k ( $ 5 0 0 ,0 0 0 ) o f t h e S h a r o n & N e w C a s tle R y s .
STO C K A N D B O N D S—
D a te . In te re st O u tsta n d ln q .
M a tu r ity .
C o m . $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . .................................................
$ 6 ,0 0 0 ,0 0 0 .........................
P r e f,5 % c u m ,$ 4 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................
4 ,0 0 0 ,0 0 0 .........................
1 s t c o n r e f m t g . $ 1 0 ,0 0 0 ,-1
1905 5 g J -J
3 ,4 1 9 ,0 0 0 J a n 1 1 9 1 6
0 0 0 , g o l d ...................................... J N e w Y o r k T r u s t C o ., N e w Y o r k , t r u s t e e .
P a & M V 1 s t a n d r e fu n d in g !
1 9 0 2 5 g M -N
2 ,0 0 0 ,0 0 0 M a y 1 192 2
m tg ,
$ 2 , 7 5 0 ,0 0 0 ,
g o ld l i n t . a t N . W . H a r r is & C o ., N e w Y o r k .
( $ 1 , 0 0 0 ) ________ _________c*J U . S . M o r tg a g e & T r u s t C o ., N . Y . . t r u s t e e .
N e w C a s tle T r a c t io n 1 s t m t g l
1 8 9 7 5 g M -N
5 0 0 ,0 0 0 M a y 1 192 7
$ 5 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) .c * ( I n t . a t U n io n T r . C o .. P i t t s b u r g h , t r u s t e e .
N C E le c C o 1 s t M , $ 2 0 0 ,0 0 0 ,
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L aw ren ce
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m o rtg a g e,
$ 5 0 .0 0 0 ............................- ............. S a f e D e p . & T r . C o ., P it t s b u r g h , t r u s t e e .
5 g J -J
2 ,4 4 0 ,0 0 0 J a n
11931
Y -S R y & L t 1st m tg $ 2 ,5 0 0 , 1900
0 0 0 ( $ 1 ,0 0 0 ) g o ld s f ____ c* I n t . a t N . Y . T r u s t C o .. N . Y . , t r u s t e e .
M
5 0 0 .0 0 0 M ch 1 1 9 2 7
Y - S R y & L t 2d m t g e . I n 1 9 0 1
c o m e g o ld .
1901
5 g J -J
360 000 J u ly 1 1 9 3 1
S h & N e w C a s t le 1 s t m t g .
$ 5 0 0 ,0 0 0 , g . ( $ 1 ,0 0 0 ) , s f I n t e r e s t a t N e w Y o r k T r u s t C o .. N Y , t r u s t e e .
g u a r , p a n d t ......................... c*
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N e w C a s tle S a v in g s & T r u s t C o ., t r u s t e e .
m o rtg a g e
B o n d s .— O f t h e P e n n s y lv a n ia & M a h o n in g V a lle y R y . b o n d s , $ 7 5 0 ,0 0 0
a r e r e se r v e d t o r e tir e p r io r H en s o f U ke a m o u n t : a s in k in g fu n d o f $ 5 0 ,0 0 0 per
a n n u m c o m m e n c e s a l t e r 10 y e a r s . T h e Y o u n g s to w n -S h a r o n 1 s t m t g .
B o n d s c a n b e c a lle d a t 115 a n d ln t .|o n a n y In t. d a t e ; $ 1 1 0 ,0 0 0 h a v e b e e n a c
q u lr e d b y s in k . f u n d .
F o r lie n c o v e r e d b y t h e s e b o n d s , s e e “ S t r e e t R a i l
w a y ” s e c t io n o f J u n e 2 4 1 9 0 5 . T h e S h a r o n & N e w C a s tle b o n d s a r e s u b j e c t
t o c a ll a t 1 1 5 a n d In t. o n a n y I n t. d a t e ; $ 2 1 ,0 0 0 h a v e b e e n a c q u ir e d b y
s in k , f u n d . F o r Hen o f t h e s e b o n d s s e e " S t r e e t R a i l w a y ” s e c t io n o f J u n e 24
1905.
O f t h e $ 1 0 ,0 0 0 ,0 0 0 n e w 1 s t c o n s o l, a n d r e f. b o n d s , $ 5 ,6 7 5 ,0 0 0 are
r e se r v e d t o r e tir e all p r io r lie n s a n d $ 9 0 6 ,0 0 0 fo r f u tu r e I m p r o v e m e n t s
a n d e x t e n s i o n s . T h e L a w r e n c e G a s C o . b o n d s m a tu r e d In A u g . 1 9 0 9 , b u t ,
o w in g t o f in a n c ia l d i f f ic u lt ie s o f t h a t c o m p a n y , t h e y w e r e n o t r e tir e d .
E A R N I N G S .— F o r c a l. y e a r 1 9 0 8 , g r o s s e a r n in g s fro m o p e r . o f c o m p a n y
a n d c o n t r o lle d c o m p a n ie s , $ 1 ,7 4 7 ,9 2 8 ; o p e r . e x p . a n d t a x e s , $ 1 ,1 5 9 ,1 7 5 ;
n e t , $ 5 8 8 ,7 5 3 .
In 1 9 0 7 , g r o s s e a r n in g s fr o m o p e r . o f c o m p a n y a n d c o n
t r o lle d c o m p a n ie s , $ 1 ,9 0 0 ,6 6 3 ; o p e r . e x p . a n d t a x e s , $ 1 ,1 4 9 ,8 5 9 ; n e t ,
$ 7 5 0 ,8 0 4 .
R O A D .— O p e r a te s a b o u t 1 4 9 m ile s o f t r a c k , c o m p r is in g t h e s t r e e t r a il
w a y s in a n d b e t w e e n Y o u n g s to w n , W a r r e n , N ile s , L o w e lL v I lle , L e a v itt s b u r g ,
G ir a r d , S tr u th e r s , r .d e n b u r g a n d H u b b a r d In O h io , a n d N e w C a s t le . S h a r o n ,
S o u t h S h a r o n , W h e a t la n d , W e s t M id d le s e x a n d S h a r p s v llle In P e n n .; a lso
t h e lig h t in g p r o p e r tie s o f Y o u n g s to w n . N e w C a s t le . S n a r o n a n d S h a r p s v llle ,
w it h lig h t in g c o n t r a c t s c o v e r in g I n t e r v e n in g a n d n e ig h b o r in g d is tr ic t s .
O F F I C E R S .— P r e s ., N o r m a n M c D . C r a w fo r d , Y o u n g s to w n ; S e c ., L e ig h
t o n C a lk in s . N e w Y o rk ; T r e a s ., S . C. R o g e r s , Y o u n g s to w n ; A s s t . T r e a s .,
E . G . D u n la p , Y o u n g s to w n : A u d .. E . D . G a u lt , Y o u n g s t o w n .— V . 8 1 ,
p . 7 2 6 , 1 044; V . 8 2 , p . 6 9 2 ; V . 8 7 . p . 1 4 7 9 .
YOUNGSTOWN & SOUTHERN RY.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n M ay 9 1 9 0 3 u n d e r t h e
G en er a l R a ilr o a d L a w s . C o n tr o ls 7 ,0 0 0 a c r e s o f c o a l la n d s .
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k , $ 1 ,8 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ..............................
$ 1 ,8 0 0 ,0 0 0 ................... ..
1 st m t g , $ 1 ,5 0 0 ,0 0 0 , g o ld ] 1 9 0 3
5 g A -O
9 3 7 ,0 0 0 O c t 11923
( $ 1 ,0 0 0 ) , s f ............................c*J
I n t e r e s t a t N e w Y o r k T r u s t C o ., t r u s t e e .
B o n d s.- - A s . f. o f 5% p e r a n n u m o f .u m d s o u t s t a n d in g c o m m e n c e d a f te r
5 years
See V . 77, p 2160.
B o n d s a r e n o t s u b j e c t t o ca ll
R O A D .— O p e r a te s 51 m ile s o f r o a d fr o m Y o u n g s to w n t o E a s t L iv e r p o o l
a n d S a le m .
7 0 - lb . T r a il.
O F F I C E R S .— P r e s ., J o h n S ta m b a u g h , Y o u n g s to w n ; V . - P . , C h a s. B o o t h ,
Y o u n g s to w n ; S e c . a n d T r e a s ., D a v id T o d d , Y o u n g s to w n ; G e n . M g r ., E . H .
R a u p p .— V . 8 0 , p . 2 4 0 0 .
YORK, PA.
Y O R K R A I L W A Y S .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y l v a n ia N o v . 15 1 9 0 7 a s a
c o n s o lid a t io n o f p r o p e r tie s o p e r a tin g In Y o r k a n d v i c i n i t y .
V. 8o , p . 1403.
F ra n ch ise p e r p e tu a l.
T h e fo llo w in g c o m p a n ie s h a v e b e e n c o n s o lid a t e d o r m e r g e d :
Y o r k S t r e e t R a ilw a y C o ..
Y o r k H a v e n S t r e e t R y . C ox
W r lg h ts v llle & Y o r k S t r e e t R y . C o .
R e d L io n & W in d s o r S t r e e t R y . C o .
Y o r k & D o v e r E le c tr ic R y . C o .,
H a n o v e r & Y ork S tr ee t R y . C o.
Y o r k & D a lla s to w n R y . C o .,
,
, „ ,
.
O w n s e n t ir e c a p ita l s to c k o f E d is o n E le c tr ic L ig h t C o . a n d Y o r k S u b u r b a n
L a n d C o .; a ls o all o f s t o c k o f Y o r k S t e a m H e a t in g C o . V . 8 5 , p . 1 4 6 3 .
T h e E d is o n E le c tr ic L ig h t C o . d o e s a m a j o r it y o f t h e lig h t , h e a t a n d p o w er
b u s in e s s In Y o r k .
ST O C K A N D B O N D S —
D a te.
In te re st. O u tsta n d ln q .
M a tu r ity .
C o m m o n $ 2 ,5 0 0 0 0 0 ............................................................
$ 2 ,5 0 0 ,0 0 0 ..........................
P r e f . $ 2 , 0 0 0 . 0 0 0 , 5 % c u m ..................................................
1 ,6 0 0 ,0 0 0 ------------------1 s t m tg e & co ll tr $ 1 0 ,0 0 0 ,0 0 0 ] 1 9 0 7
5 J -D
3 ,7 5 9 .0 0 0 D e c 1 1 9 3 7
g o ld ( $ 1 ,0 0 0 ) .........................c * /G u a r . T r u s t & S a fe D e t C o ., P h lla . T r u s t e e .
S to c k a n d B o n d s . — P r e f. s to c k Is c u m u la t iv e 3 y e a r s fro m d a t e o f Is su e .
T h e s t o c k o f t h e c o n tr o lle d E d is o n E le c . L ig h t C o . a n d Y o rk S u b u r b a n
L a n d C o . a r e d e p o s ite d a s a d d it io n a l s e c u r it y fo r t h e b o n d s .
$ 2 ,0 0 0 ,0 0 0
b o n d s a r e r e se r v e d fo r s p e c if ic p u r p o s e s a n d t h e r e m a in in g $ 4 ,2 4 1 ,0 0 0 c a n
o n ly b e Issu ed u n d e r c e r ta in r e s t r ic t io n s .
N o s in k in g fu n d . S e e p a r t ic u
la r s o f b o n d s , p r o p e r t y , & c .. In V . 8 7 , p . 4 0 . S t o c k s a n d b o n d s a r e lis t e d
o n t h e P h lla . S t o c k E x c h a n g e V . 8 9 . p . 4 1 2 .
4
E A R N I N G S .— F o r y e a r e n d in g N o v 3 0 1 9 0 8 o f p r o p e r tie s o w n e d , gross,'
$ 5 9 2 ,1 5 0 ; n e t , $ 2 0 6 ,0 9 9 * I n t. & t a x e s , $ 1 9 2 ,4 4 5 ; s u r p lu s , $ 1 3 ,6 5 4 .
R O A D .— O w n s a n d o p e r a te s a b o u t 78 m ile s o f tr a c k c c n t t n n g In Y o r k ,
I n c lu d in g a n I n te r u r b a n lin e b e t w e e n H a n o v e r a n d Y o r k . 1 8 .8 m ilt s .
O F F I C E R S .— P r e s ., W . F . B a y S t e w a r t . Y o rk ; V .- P . a n d G en . M g r ..
G o rd o n C a m p b e ll; S e c . a n d T r e a s ., J o s e p h J . B o w s e r .— V . 8 5 , p . 1 4 0 3 ,
1463; V . 8 6 , p . 3 3 9 , 796; V . 8 7 , p . 4 0 , 4 81; V . 8 9 . p . 4 1 2 .
ELECTRIC RAILWAYS IN ISLAND POSSESSIONS AND FOREIGN COUNTRIES
HAMILTON, ONTARIO.
DOMINION POWER & TRANSMISSION CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a n a d a o n J a n . 11 1 9 0 7 .
O w n s or
c o n t r o ls t h e H a m ilt o n C a t a r a c t P o w e r , L ig h t & T r a c t io n C o . ( V . 7 6 , p . 1 4 0 7 ;
V . 8 0 , p . 1 1 1 1 . 1 3 6 3 ) a n d a ll t h e e le c t r ic l ig h t a n d p o w e r b u s in e s s in H a m il
t o n . S t . C a t h a r in e s a n d I n t e r v e n in g te r r ito r y ; a ls o t h e e n t ir e s tr e e t r a ilw a y
a n d I n te r u r b a n lin e s In H a m ilt o n a n d s u r r o u n d in g c o u n t r y . V . 8 4 , p .
508. 509.
STO C K A N D B O N D S —
D a te .
In te re st. O u tsta n d in g .
M a tu r ity ,
O r d in a r y s t o c k ( $ 1 0 0 ) ------------ ------------------------ $ 2 ,6 0 8 ,0 0 0
----------------P r e fe r e n c e ( $ 1 0 0 ) ........................................
- .................
3 ,6 7 3 ,1 0 0
see tex t
L im it e d p r e f e r e n c e _______ ____ ______
________
5 ,1 0 0 ,0 0 0
see te x t
P r e f Is e n t it le d t o 6 % fo r 3 y e a r s fro m 1 9 0 7 a n d 7 % th e r e a f t e r .
1st
m o r t g a g e . $ 2 5 ,0 0 0 .0 0 0 1 1 9 0 7
5 g A -O
2 .5 0 0 ,0 0 0
See te x t.
( $ 1 ,0 0 0 ) , g o l d ...................... c*J H a r r is T r . & S a v B a n k o f C h ic a g o , T r u s t e e .
B o n d s o f s u b s id ia r y c o m p a n ie s .................................3 ,9 9 7 ,0 0 0 ......................
B o n d s . — O f t h e $ 2 5 ,0 0 0 ,0 0 0 m o r t g a g e $ 1 0 ,0 0 0 ,0 0 0 m a y b e I s s u e d , w it h
t h e a p p r o v a l o f t h e t r u s t e e , fo r n o t e x c e e d i n g 8 0 % o f c a s h c o s t o f e x t e n s i o n s
a n d a d d i t io n s a n d t h e r e m a in d e r fo r n o t e x c e e d i n g 7 5 % . T h e e n t ir e o u t
s t a n d in g I s s u e , b u t n o t a n y p a r t t h e r e o f , c a n be c a lle d a t 1 0 7 Vi a n d In t o n
A p r il 1 1 917 or a n y c o u p o n d a t e t h e r e a f t e r o n 6 0 d a y s ’ n o t ic e . T h e b o n d s
m a tu r e $ 1 7 ,0 0 0 a n n u a lly fro m A p r il 1 191 4 t o 1921 a n d $ 3 4 ,0 0 0 a n n u a lly
fr o m A p r il 1 1 922 t o 1 9 3 1 , a n d t h e r e m a in in g $ 1 .1 7 4 ,0 0 0 a r e d u e A p r il 1
1932.
T h e y are s e c u r e d b y a ll t h e p r o p e r ty o w n e d t h r o u g h d e p o s i t o f
S to c k a n d b o n d s w i t h t r u s t e e , & c.
D iv id e n d s . — 6% w a s p a id o n p r e fe r r e d In 1 9 0 7 ; In 1 9 0 8 , 3 % w a s p a id .
T w o d iv id e n d s o f Vi o f 1% h a v e a ls o b e e n p a id o n lim it e d p r e f. s t o c k .
I n D e c . 1 9 0 8 lt w a s d e c id e d t o o m it d l v . o n b o t h c la s s e s o f p r e f. s t o c k .
S ee V. 8 7. p . 1478.
E A R N I N G S .— F o r c a le n d a r y e a r :
Y ear—
G ross.
N e t.
B o n d In te re st. B a l ., S u r .
1 9 0 8 ...............................................$ 1 ,0 3 9 ,3 4 2
$ 4 0 9 ,8 9 8
$ 1 7 2 ,6 3 3
$ 2 3 7 ,2 6 5
1 9 0 7 ...............
1 ,4 6 1 ,7 5 8
6 3 5 ,7 8 3
2 9 6 ,3 4 2
3 3 9 ,4 4 1
1 ,6 0 0 .3 1 2
6 2 5 .6 7 1
3 2 3 .0 4 7
3 0 2 .6 2 4
1 9 0 6 ......................................
R O A D .— C o n tr o ls 22 m ile s o f s in g le tr a c k In H a m ilt o n a n d 61 m ile s
o f I n te r u r b a n lin e s .
A ro a d t o B r a n tfo r d (22 m ile s) w a s p u t In o p e r a tio n
M a y 23 1 9 0 8 .
O w n s a 4 2 .0 0 0 h o r s e -p o w e r h y d r o - e le c tr ic s t a t i o n .
O F F I C E R S .— P r e s ., J . R . M o o d le: V . - P . , J a m e s D ix o n : S e c . & G e n . M gr
W . C . H a w k in s ; T r e a s ., J o h n K n o x .— V . 8 4 , p . 5 6 9 , 5 0 8 ; V . 8 7 , p . 8 7 3 ,
1478; V . 8 8 , p . 50 4 .
_________
HAVANA, CUBA.
HAVANA ELECTRIC RY.—A trolley road.
O R G A N I Z A T I O N — T h is c o m p a n y w a s I n c o r p o r a te d In N e w J e r s e y o n
J a n . 6 1899 for t h e p u r p o s e o f a c q u ir in g t h e H a v a n a C ity R y . & O m n ib u s
C o ., w h ic h w a s o r g a n iz e d in 1 8 7 6 .
F r a n c h is e r u n s u n til 1 9 5 8 .
C om pany
h a s a ls o t h e r ig h t to c a r r y f r e ig h t o v e r p a r ts o f t h e s y s t e m .
In J u n e 1 9 0 9
It w a s s t a t e d , a p r o p o s itio n t o Issu e $ 5 ,0 0 0 ,0 0 0 5% b o n d s t o t a k e u p p r e f.
s t o c k w a s u n d e r c o n s id e r a t io n .
V . 8 8 . p . 1499.
ST O C K A N D B O N D S -D ate. In te re st O u tsta n d in g .
M a tu r ity .
C o m . $ 7 ,5 0 0 ,0 0 0 . f p , $ 1 0 0 ................................
$ 7 ,4 6 3 ,7 0 3
A u g 1 4 ’0 9 , 1%
P r f 6 % n o n - c , $ 5 ,0 0 0 .0 0 0 . $ 1 0 0 ____
QJ
5 ,0 0 0 .0 0 0 A u g 14 0 9 ,1 Vi %
s t M . $ 5 ,0 0 0 ,0 0 0 . g o l d , s f
1899
5 g
8 3 3 .0 0 0
Feb 1 1 9 4 9
C o n so l M . $ 1 0 ,0 0 0 ,0 0 0 , g o ld l 1 9 0 2 5 g F -A 7 .7 5 7 . 31
F eb 1 1952
( $ 1 ,0 0 0 ) . s f _____ _______ c* 1 C e n tr a l T r u s t C o .. N e w Y o r k . T r u s t e e .
B o n d s . — O f t h e n e w c o n s o ls a s u f fic ie n t a m o u n t Is r e se r v e d t o r e tir e th «
p r io r lie n s
A s in k in g fu n d c o m m e n c e s J a n . 1 190 6 o n t h e o u t s t a n d in g c o n
s o ls : a n d If a n y a d d it io n a l b o n d s a r e I s su e d , s in k in g fu n d Is to b e In crea sed
c o r r e s p o n d in g ly
B o n d s m a y b e c a lle d fo r s in k in g fu n d a f te r 1 9 0 6 a t IU 5,
a n d e n t ir e Issu e c a n b e r e d e e m e d a t 105 a n d I n te r e s t o n a n y I n te r e s t d a y on
a n d a f te r F e b . 1 1 9 0 7 . u p o n s ix m o n th s ’ n o t ic e .
See V . 7 4 , p. 1251.
T h e y a r e lis t e d on N e w Y o r k S t o c k E x c h a n g e .
V. 86, p . 918. The
fir st m o r t g a g e b o n d s a r e s u b le c t t o ca ll a f te r J a n . 1 1 9 0 7 a t 11 0 a n d I n te r e s t.
D iv id e n d s — F ir st d iv id e n d o n p r e f. (1% > w a s p a id A p ril 1906 a n d 1%
a g a in p a id J u l y 1 9 0 6 a n d 1% O c t. 1 9 0 6 : In 1 9 0 7 , 5% ; In 1 9 0 8 , 6 % . In
1 9 0 9 , J a n . . 1 H % : M a y , 1 V i% \ A u g ., l V i % .
O n c o m .. 1 s t d l v ., 1 % . p a id
J a n . 15 1 9 0 9 : M a y . 1% ; A u g .. 1 % .
R R P O H 1 . — 1 ne g r o ss e a r n in g s o f t h e r a ilw a y a n d stone p ro p ertie s o f t ^ c
H a v a n a E le c tr ic R y . C o fo r c a le n d a r y e a r 1 9 0 8 (se e r e p o r t V . 8 8 . p 7 4 4 )
w e r e $ 2 , 2 7 6 ,8 0 7 . a g a in s t $ 2 ,1 4 3 ,1 2 2 In 1 9 0 7 .
G ro ss e a r n in g s fro m r a ilw a y
w e r e $ 1 ,9 3 7 ,7 9 7 : o p e r a tin g e x p e n s e s , $ 9 7 1 ,7 2 5 . n e t e a r n in g s fro m r a ilw a y ;
$ 9 6 6 ,0 7 2 ; n e t e a r n in g s fro m s t a g e s , $ 6 4 ,3 1 1 ; t o t a l n o t e a r n in g s , $ 1 ,0 3 0 ,3 8 3 ,
fix e d c h a r g e s , $ 4 5 1 ,0 0 0 ; d iv id e n d s (6 % ) o n p ref. s t o c k . $ 2 9 9 ,9 9 8 ; d l v . (1 % )
o n c o m . s t o c k . $ 7 4 ,6 3 7 ; m is c e lla n e o u s , $ 3 ,7 8 1 ; s u r p lu s . $ 2 0 0 ,9 6 7 .
R O A D .— O p e r a te s 5 0 m ile s o f tr a c k .
H a d D e c . 31 190 8 2 4 2 p a s s e n g e r
c a r s, 2 e x p r e s s c a r s, 72 fr e ig h t c a r s, 3 e le c t r ic lo c o m o t iv e s a n d 1 w o r k car;
____ ___
. .
1 6 7 s t a g e s , 1 ,2 6 9 m u le s , 9 h o r s e s.
„
O F F I C E R S .— P r e s ., W a r r en B lc k n e ll, C le v e la n d : V . - P ., D a v id T . D a v is .
N e w Y o r k : V .- P . & G e n . M g r ., F r a n k S t e ln h a r t . H a v a n a : S e c . a n d T r e a s ..
H . K r a e m e r , 52 B r o a d w a y , N . Y .— V . 8 4 , p . 5 7 0 , 6 9 3 , 7 4 6 ; V . 8 5 , p . 40;
V . 8 6 , p . 5 4 7 , 9 1 5 , 91 8 ; V . 8 8 , p . 1 5 8 . 0 2 4 , 7 4 4 . 1 0 6 1 , 1 4 9 9 .
HONOLULU. HAWAII.
HONOLULU RAPID TRANSIT & LAND CO.—Trolley.
O R G A N I Z A T I O N .— In c o r p o r a te d In H a w a ii m J u ly 1 8 9 8 .
F r a n c h is e s
r u n s for 3 0 y e a r s fro m 1901 a n d p e r m its t h e c a r r y in g o f fr e ig h t a n d m a ll
a s w e ll a s p a s s e n g e r s .
E . H . R o llin s & S o n s , C h ic a g o , o ffe r e d t h e b o n d s
In J u n e 190 2
In 190 3 p u r c h a s e d t h e H a w a iia n T r a m w a y s C o. ( h a v in g o u t s ta n d in g
£ 6 5 ,0 0 0 s to c k a n d £ 3 0 ,0 0 0 6% d e b e n t u r e s .a n d c o m p r is in g 12 Vi m ile s o f
t r a c k ); p a y m e n t b e in g m a d e b y t h e Issu e o f $ 1 5 0 ,0 0 0 6% b o n d s o f t h e
R a p id T r a n s it C o.: 9 1 0 s h a r e s o f p r e fe r r e d s to c k a n d $ 5 9 ,1 5 0 In c a s h
STO C K A N D B O N D S —
D a te.
in terest. O u tsta n d in g .
M a tu r ity .
C o m m o n , ]$ 1 ,2 5 0 ,0 0 0 ($ 1 0 0 ) I ____
4 Q-M 31
$ 8 0 0 .0 0 0 J u n eJ O ’0 9 ,1
] ____
6 J - D 31
3 5 0 ,0 0 0 J u n e J O ’OO.S
P r e f. 6 % . ]
i 1 9 0 2 6 g M -N
6 3 5 ,0 0 0 M ay 1 1027
F ir st m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 ,] I n t e r e s t a t U n io n T r u s t C o ., S a n F r a n c is c o ,
g o ld ($ 1 ,0 0 0 ) . ................ c* I t r u s t e e a t N a t io n a l C ity B a n k N e w Y o r k
I or a t c o m p a n y ’s o f fic e , H o n o lu lu .
B o n d s . — $ 3 0 4 .0 0 0 b o n d s a r c r e se r v e d for e x t e n s io n s a t t h e r a te o f $ 1 5 ,0 0 0
p e r m ile , o r fo r a c q u is it io n o f o th e r s tr e e t r a ilw a y s : $ 6 i ,0 0 0 h a v e b e e n
r e d e e m e d a n d c a n c e le d . A ll b o n d s m a y be c a lle d on M ay 1 1 9 1 7 . o r o n
a n y I n te r e s t d a y t h e r e a f t e r .
F o r b o n d s n u m b e r e d fro m 1 to 4 0 0
3 % o f th e a m o u n t o u t s t a n d in g s h a ll b e s e t a s id e e a c h y e a r fro m M ay
1 1 9 0 7 to M ay 1 1 9 2 6 a s a s in k in g f u n d .
F o r th e r e m a in in g
b o n d s (n u m b e r e d 461 t o 1 .0 0 0 ) , o n t h e 1st d a y o f M ay a f te r t h e ir Issu e a n d
e a c h y e a r t h e r e a f t e r till 1 9 2 6 .s u c h s u m s s h a ll h e s e t a p a r t t h e p r in c ip a l a n d
In te r e s t o f w h ic h c o m p o u n d e d a t 5% w o u ld e q u a l t h e p a r v a lu e o f t h e
a m o u n t o f b o n d s t h e n Issu ed a n d o u t s t a n d in g a s a s in k in g fu n d ,
in e s e
s in k in g f u n d s t o b e u se d r e s p e c t iv e ly In t h e p u r c h a s e o f t h e b o n d s for w h ic h
t h e y a r e c r e a t e d , a f te r a d v e r tis in g or In t h e o p e n m a r k e t , a t a p r ice n o t t o
e x c e e d a 4% b a s is , or a t s u c h h ig h e r p r ic e a s m a y b e a g r e e d u p o n b e t w e e n
th e co m p a n y and th e tru ste e
S ee V . 7 4 . p. 1251.
D ivid en d s .— S ix D e r c e n t Is b e in g p a id o n p r e f. s t o c k . O n c o m m o n D e c .3 I
10 0 3 , 1% 'n 1 9 0 4 . 4% : In 1 9 0 5 . 1%; In 1 9 0 6 , 3 M % : In 1 9 0 7 . 3 % ; In 1 9 0 8 ,
4 % : In 1 0 0 9 . M c h ., 1% : J u n e . 1 % .
R E P O R T .— F o r y e a r s e n d in g D e c . 3 1 :
,
C a l.
Cross
W'nr— corns
N et
ea rn s.
Other I n t., ta x es, P f.d iv . D ivid en d on B a la n ce,
1nr . d c p r'n . & c.
corn s o c k , s u rp lu s.
1 9 0 8 . . $ 3 8 2 .1 3 0 $ 1 7 0 ,1 5 4 $ 7 ,7 9 7 $ 9 5 ,4 5 8 $ 2 1 ,0 0 0 ( 4 % )$ 3 2 .0 0 0 $ 2 9 ,4 9 3
1 9 0 7 . . 3 6 7 ,1 3 4
1 6 5 ,9 0 6
7 ,4 7 5
1 0 0 .9 6 8
2 1 ,0 0 0
< 3 % )2 4 .0 0 0 2 7 .4 1 3
P a s s e n g e r s ca r rie d In 1 9 0 8 , 7 .8 2 0 . 6 8 8 . a g a in s t 7 .5 0 0 ,5 5 0 In 1 9 0 7 .
R O A D .— O p e r a te s 2 3 .8 8 m ile s <>i tr a c k
G a u g e . 4 ft.; 8.>-lb. r a ils: 4 5 v e s t lb n le d m o to r ,-^r«- ! .0 2 9 h p . v e n e r a to r s .
O F F I C E R S .— P r e s .. L . T . P e c k ; V . - P .. L . A . T h u r sto n ; S e c ., A . L . C a s
tle ; T r e a s ., C. H . A th e r to n : A u d ito r , W . M . G ra h a m ; M g r .. C G . B a lle n t y n o .
— V . 7 7 , p . 2 0 3 5 ; V . 8 2 . p . 1268; V . ^ 0 , p . 7 0 4 . 0 8 1 : V . 8 8 . p . 1 0 0 2 .
KINGSTON, JAMAICA.
W ES T INDIA ELECTRIC CO.— A trolley road.
O R G A N I Z A T I O N . - Incorporated 1897 In Jamaica. In 1907 too k over
the lighting business on a rental basis, i ' r a n r h i s e ctnlre s .Inn. 1 1928.
STOCK A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 8 0 0 ,0 0 0 ( $ 1 0 0 ) ......................................................
$ 8 0 0 ,0 0 0 O c t ’0 9 .1 Vi%
F ir st
m o rtg a g e,
$ 6 0 0 ,0 0 0 f 1 8 0 8
5 g J -J
6 0 0 ,0 0 0
J a n 1 1928
( $ 5 0 0 ) , g o l d _____________ c * i M o n tr e a l T r u s t & D e p o s it C o .. T r u s t e e .
( I n te r e s t a t B a n k o f M o n tr e a l, M o n tr e a l.
B o n d s . — B o n d s a r e n o t s u b l e c t t o c a ll
, , „
D ivid en d s. — F ir st d iv id e n d o n s t o c k — 1 % — p a id A p ril 1 1 9 0 8 , a n d 1%
w a s a g a in p a id J u ly 1 a n d O c t . 1 1 9 0 8 .
In 1 9 0 9 , J a n . , 1 % ; A p r ., 1 ) 4 % ;
J u l y . I H % : O c t ., \ V i % .
R E P O R T .— F o r y e a r s e n d in g D e c . 3 1 :
T a r e s . I n t.
rtnn'als. S u r p lu s .
Y ea r —
n r is s .
$ 1 2 5 ,3 7 0
$ 7 ,0 4 4
$ 4 2 ,0 0 0
$ 7 6 ,3 2 6
1 9 0 8 .........................$ 2 1 7 ,4 1 0
1 0 4 ,0 4 0
6 ,9 5 3
4 0 0 .0 0
5 7 ,0 8 7
1 90 7 ......................... 1 9 8 ,8 4 5
R O A D .— O p e r a te s 24 m ile s o f tr a c k In a n d a r o u n d K in g s t o n . J a m a ic a
G au ge, 4 ft. 8
In
9 0 - lb . g h d e r a n d 6 0 - lb . T . r a ils .
O F F I C E R S . — P r e s ., J a m e s itu t c tu s o n ; V . - P ., S . t l . E w in g ; S e c ., H . E .
F lo w e r ; A c t . C o m p ., M. I . L a n e ; S u p t . , I I . S h e a .— V . 8 4 , p . 3 4 0 , 6 9 4 ,
1 5 5 3 ; V . 8 5 . p . 2 15; V . 8 6 , p 7 2 2 , 8 0 3 ; V . 8 8 . p . 6 8 7 .
LONDON, CANADA.
LONDON STREET RAILWAY CO.-^-A tr o lle y r o a d . I n c o r p o r a te d
u n d e r t h e la w s o f C a n a d a In 1 8 7 5 .
,
S T O C K A N D HON U S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity
S t o c k , $ 7 5 0 ,0 0 0 . ( $ 4 0 ) .............................
J -J
5 g M -S
5 7 5 ,0 0 0 M en 8 1J25
F ir s t m o r t g a g e , $ 7 5 0 ,0 0 0 , 1 1 8 9 6
g o ld ( $ 1 ,0 0 0 ) ___________c * j
T o r o n t o G en er a l T r u s t s C o ., t r u s t e e .
B o n d s . — T h e r e m a in in g $ 1 7 5 ,0 0 0 c a n o n ly be Issu ed for 6 6 2 -3 /o o f a c tu a l
c o s t o f a d d it io n s a n d e x t e n s i o n s , w h e n n e t e a r n in g s a r e e q u a l t o 10 /o o f a ll
b o n d s o u t . In c lu d in g t h o s e t o lx; Issu ed ; b u t t o t a l d e b t m u s t p o t e x c e e d
$ 2 0 ,0 0 0 p e r m . o f s in g le tr a c k . V . 7 8 , p . 2 3 8 4 . I n t . Is p a y a b le a t t h e C a n a
d ia n H ank o f C o m m e r c e , T o r o n t o . In e a c h o f t h e 10 y e a r s p r e c e d in g m a tu r
i t y 5 % o f b o n d s s h a ll h e d r a w n b y lo t a n d r e d e e m e d a t p a r o n 4 0 d a y s n o t ic e .
D iv id e n d s . — D iv id e n d s s ta r t e d In 1 9 0 0 w it h 4 % ' In 19 0 1 8 % w a s p a id ; n
1 9 0 2 8 % - In 1 9 0 3 , 6 % , a n d 6 % In 1 9 0 4 , 1 9 0 5 a n d 1 9 0 6 .
In 1 9 0 7 d iv id e n d s
o m it t e d o n a c c o u n t o f s tr ik e .
In 1 908, J a n ., 3% ; J u ly , 3 % . In 1909,
^ R E P O R T — y ’ ars e n d in g D ec. 3 1 . G ross.
e
N et.
C harges. S u r p lu s
1908
...............................................................$ 2 3 5 ,0 3 2
$ 6 7 ,4 6 6
$ 2 8 ,4 5 5
$ 3 9 ,0 1 1
1<)07
____________________ 2 3 2 , 8 / 7
6 4 ,3 5 2
2 / ,2 2 9
3 7 ,(2 3
1906
I I I I I I ............................................. 2 0 2 ,9 1 1
4 3 ,4 8 3
2 5 ,9 2 4
1 7 ,5 5 9
R O A D .— O p e r a te s 3 3 .2 5 m ile s o f tr a c k .
S ta n d a r d g a u g e .
5 6 , 73 an d
7 5 - lb . T a n d g ir d e r r a il.
45 ca rs: 9 t r a ile r s .
O F F I C E R S — P r e s ., II. A . E v e r e t t , C le v e la n d , O h io ; V I c e - P r e s ., T . I I .
S m a llm a n , L o n d o n , O n t.; S e c . a n d T r e a s , G eo . H . B e n t s o n , L o n d o n , O n t.;
G e n . M g r ., C. H K in g , L o n d o n . O n t
V 7 8 . p 2 334 2 384; V 8 2 , p . 1157
MANILA, P. I.
MANILA ELECTRIC RAILROAD & LIGHTING CORPORATION.
O R G A N I Z A T I O N . — I n c o r p o r a te d In C o n n e c t ic u t o n J u n e 2 6 1 9 0 3 , a n d
o w n s s to c k s a n d b o n d s o f t h e M a n ila K lee. R R . A L ig h t C o ., h a v in g a 5 0 y e a r f r a n c h is e from M arch 2-1 1 9 0 3 , p r a c tic a lly t h e e n t ir e s to c k o f t h e U n io n
T r u c k C o . a n d o f t h e O o m p a n la d e lo s T r a n s v la s d c P ilip in a s , a n d o v e r 9 8 %
o f t h e s to c k o f “ E le e tr lc ls ta ," a S p a n is h c o m p a n y h a v in g a 5 0 - y e a r fr a n
c h is e fo r e le c t r ic l ig h t in g a n d e n t ir e c a p ita l s to c k o f M a n ila S u b u r b a n R y s .
C o.
B e s id e s d o in g t h e s tr e e t r a ilw a y n u s ln e s s , s u p p lie s lig h t a n d p o w e r for
p r i v a t e , m u n ic ip a l a n d G o v e r n m e n t u s e .
M u n ic ip a lity m a y a c q u ir e p r o p
e r t y a f te r 2 5 y e a r s o n a v a lu a tio n fix e d b y n e t e a r n in g s , t h e S u p r e m e C o u rt
o f t h e I s la n d s b e in g r e fe r e e .
In M a y 1 9 0 6 s to c k a n d b o n d s w e r e lis t e d o n
th e N e w Y ork S to c k E x c h a n g e .
w ,
..
STO C K A N D B O N U S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
stock, $6,000,000. $100.......... .......
Q-J
$5 ,0 0 0 ,0 0 0 Oct
09.1%
F ir s t lie n a n d c o l. t r . $5 0 0 0 ,1 1 9 0 3
5 gM S
4 , - 5 7 .0 0 0 M ch 1 1 9 5 3
0 0 0 . g o ld ( $ 1 . 0 0 0 ) ______ c ’ f l n t . a t E q u it a b le T r u s t C o ., N . Y . , t r u s t e e
o f b o n d s o u t s t a n d in g b e g in s M cll. 1 1908
B o n d s . — A s in k in g fu n d o f
a n d r u n s u n til 1917 th e r e a f t e r 1% o f b o n d s o u t s t a n d in g . T h e fu n d Is t o b e
in v e s t e d In t h e b o n d s a t n o t m o re t h a n 105 a n d I n t e r e s t , a t w h ic h p r ice t h e y
a r e s u b j e c t t o c a ll for t h e p u r p o s e .
A r e r e d e e m a b le a s a w h o le a t 05 a n d
I n te r e s t o n or a f te r M ch. 1 1 9 2 8 .
V . 8 2 . p. 2 1 8 .
D ivid en d s. — F irst d iv id e n d , 1 % . w a s p a id A p ril 2 19 0 6 a n d 1% w a s
a g a in p a id O c t. 15 1 9 0 6 .
In 1 9 0 7 . J a n . 1%.: J u lv . 1% : O c t .. 1 % . In
1908 4 % .
In 1 9 0 9 , J a n . 1 % ; A p r il, 1 % ; J u ly 1% ; O c t .. 1 % .
E A R N I N G S .— F o r 12 m o n th s e n d in g J u n e 3 0 1 0 0 9 : G ro ss, $1 1 2 9 ,0 4 7 ;
n e t , $ 5 3 0 ,3 8 4 : llx e d c h a r g e s , $ 2 7 4 ,7 6 9 ; s in k , fd , $ 2 4 ,7 8 5 ; su r p , $ 2 3 0 ,8 3 0 .
R O A D . — O p e r a te s 4-> m ile s o l tr.ieit ( e x c lu s iv e o f M a n ila .su b u r b a n R y s .
C o .) In t h e c it y a n d s u b u r b s . In c lu d in g a lin e o f 5 m ile s t o M a la b o n : o p e n e d In
A p ril 1 9 0 5 : 70 lb . T a n d 92 lb . g ir d e r r a ils .
O w n s 8 5 s in g le a n d 10 d o u b le
t r u c k c a r s.
O F F I C E R S . — P r e s ., C h a s. M . S w if t , D e tr o it; V ic e P r e s id e n t s , G e o . C.
S m it h , P i t t s b u r g h , a n d F . H . R e e d , N e w Y o r k : S e c . a n d T r e a s ., I r e d e r t e
I I . R e e d , N e w Y o r k ,: A s s t. S e c . a n d A s s t. T r e a s ., T . I-. W ic k h a m , N e w
Y ork.
O p e r a te d u n d e r m a n a g e m e n t o f J . G . W h ite A C o ., N e w Y o r k .
__ V 8 0 P 2 3 9 9 , 2 6 2 1 , V . 8 2 , p . 2 1 8 , 3 9 2 , 6 9 2 , 1 0 4 1 , 1 1 0 2 , 1 4 3 8 ; V . 8 3 ,
p . 752: V . 8 4 . p. 102. 22 0 , 8 6 8 : V . 8 5 , p. 28 2 .
(1) M an ila S u b u r b a n Wail w a y s C o .
t
_
. .
.
O R G A N I Z A T I O N .— In c o r p o r a te d In C o n n e c t ic u t.
F r a n c h is e s r u n fo r
47 y e a r s fro m J a n . 30 1 9 0 6 .
D o e s b o th p a s s e n g e r a n d f r e ig h t b u s in e s s .
E n tir e s to c k Is o w n e d b y t h e M a n ila E le c . R R . <c L tg . C o r p ., w h ic h g u a r
5
a n t e e s t h e b o n d s , p r in c ip a l a n d I n te r e s t.
S ec V. 8 4 , p. 220.
STO C K A N D BUN U S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k . $ 5 0 0 ,0 0 0
.
S ee te x t
......
F ir s t m o r t g a g e
$ 2 , 5 0 0 .0 0 0 , J 1 9 0 6
5 gM S
$ 5 5 5 .000 S e p t 1 1 9 4 6
g o ld ( $ 1 ,0 0 0 )
........... . . . c M
N e w Y o rk T r u s t C o ., T r u s t e e .
B o n d s . — A re g u a r ., p . a n d I ., b y t h e M an ila E le c . R R & L t g . C o r p . A r e
s u b j e c t t o c a ll a f te r S e p t . 1 19 2 8 a n d to p u r c h a s e for s in k in g fu n d o n a n d
a f te r S e p t . 1 1911 a t n o t t o e x c e e d 105 a n d l n t . , a t w h ic h p r ic e b o n d s c a n
b e d r a w n b y lo t.
S ec V. 84. p. 220.
„
R O A D .— O p e r a te s 8 m ile s o f tra c k fro m M a n ila t o F o r t W illia m M c K in
l e y a n d P a s la .
W ill b u ild o t h e r H"-- ' ■ s u b u r b s o f M a n ila .— V . 8 4 , p . 2 2 0 .
MONTREAL, CANADA
MONTREAL STREET R Y .— A t r o lle y ro a d
,
O R G A N I Z A T I O N .— C h a rte r e d M a y 18 1 8 6 1 .
F r a n c h is e In M o n tr e a l
e x p ir e s In 1 9 2 2 .
In M arch 1 8 9 9 a u t h o r it y w a s r e c e iv e d fr o m t h e P a r lia m e n t
t o I n c r ea se t h e s to c k to $ 1 0 ,0 0 0 ,0 0 0 fro m t im e to t im e .
I n M arch 1 9 0 0
s h a r e h o ld e r s to o k $ 1 ,0 0 0 ,0 0 0 o f th e n e w s t o c k a t p a r fo r b e t t e r m e n t s , n e w
c a r s, A c ., a n d in S e p t . 1903 a f u r th e r a d d it io n w a s m a d e , t h is s t o c k a ls o
g o in g t o s to c k h o ld e r s a t p a r .
O n J u n e 2 0 1901 p u r c h a s e d t h e M o n t. P a rk A
I s la n d R y . o f 40 m ile s fo r $ 1 ,1 0 0 ,0 0 0 .
M a jo r ity o f s to c k a n d a ll t h e b o n d s
a r e h e ld In c o m p a n y ’s t r e a s u r y . T h e p u r c h a s e p r ic e w a s m e t b y a n Issu e o f
n e w d e b e n t u r e b o n d s , a s s h o w n b e lo w .
In 1 9 0 6 p u r c h a s e d th e s t o c k a n d
b o n d s o f t h e M o n tre a l T e r m . R y . A lso c o n tr o ls th e S u b u r b a n T r a m w a y A
P o w e r Co
in i ' i >
1900 tile co u ip .u i> .wi> g i u n u u pv r iiiis s lo n o> th e
L e g is la t u r e t o In c r ea se th e a u th o r iz e d c a p ita l s to c k fro m $ 1 0 ,0 0 0 ,0 0 0 to
*18 000 000
V. 82, p 510.
In N o v . 1 9 0 6 Issu ed $ 2 ,0 0 0 ,0 0 0 s to c k a t $ 1 7 5
n e r s h a r e and n„r ..r s h - .r - s w a s c h -.n -e d fro m *5" to * 1 0 0 .
V . S3 » 9 7 0 .
I n Tune 1908 Issu ed $ 1 ,0 0 0 ,0 0 0 a t $ 1 2 5 p e r sh a re; fu ll p a id .
I n 1 9 0 7 le a s e d
t h e tr a c k s o f t h e M. P . A I . R y . . s it u a t e d In O u tr c m o n t.
,
STOCK A N D B O N U S —
D ate
Interest, a n t sta n d in g .
M a tu r ity .
- •
O F
$ 1 0 0 0 0 . 0 0 0 N o v 9 .2 * .;
S t o c k ($1001 $1 0 .0 0 0 .0 0 0 -----S t e r lin g d e b e n t u r e s , s e c u r e d I I 8 9 3
4 K F A
681 3 3 3 A u g 1 1 9 2 2
h e tr u s t d e e d
( I n t e r e s t a t B a n k o f M o n tr e a l, L o n d o n , E n g .
D e b e n t u r e s $ 1 5 0 0 ;000\‘ g o ld ! 1902 4 14 g .M N
l .Boo .0 0 0 N o v 1 1922
( $ 1 0 0 , $50 0 a n d $ 1 ,0 0 0 ) c * j I n te r e s t a t B a n k o f M o n t r e a l. M o n tr e a l.
N ew
d e b e n tu r e s
£4 0 0 ,0 0 0 1 1908
4 H M N
£ 4 6 0 ,0 0 0 M ay 1 1 9 2 2
i.in m
1 in t a t B a n k o f M o n tr e a l, M o n tr e a l. C a n .,
' ...........................................(
a n d L o n d o n , E n g la n d .
B o n d s . — U n d e r a t r u s t d e e d t h e d e b e n t u r e s o f 19 0 2 a n d t h e d e b e n t u r e s
o f 190 8 arc o f e q u a l rank
. . .
D iv id e n d s. — T e n p e r c e n t p e r a n n u m Is M n t p a id .
R E P O R T .— F o r y e a r s e n d in g S e p t . 3 0 .
1 9 0 8 r e p o r t In V . 8 7 , p 1 2 3 5 .
S cn tem ber 3 0 ^ —
1908.
1907.
1906.
1905.
P a s s e n g e r s c a r r ie d _____ 9 0 ,7 4 6 ,0 3 2
8 6 .7 4 1 ,2 1 2
7 6 ,3 5 6 ,0 9 9
6 6 ,6 3 1 ,2 0 6
$ 3 ,1 0 0 ,4 8 7
$ 2 ,7 0 7 ,4 7 4
$ 3 ,5 0 3 ,6 4 3
G ro ss r e c e i p t s .............. .... $ 3 ,6 7 7 ,4 3 2
1 ,8 5 0 ,7 2 0
1 ,6 5 0 ,5 6 6
2 .1 0 4 .6 5 3
O p e r a tin g e x p e n s e s ____
2 ,1 5 8 ,3 9 4
. $ 1 ,5 1 9 ,0 3 8
R e c e iv e d fr o m M . P . & I .
7 2 .0 1 1
$ 1 ,3 0 8 ,9 9 0
5 5 ,1 0 1
$ 1 ,2 4 9 ,7 6 7
$ 1 ,0 5 6 ,0 0 8
. $ 1 ,5 9 1 ,0 4 9
D educt —
$ 2 4 2 ,4 3 1
P e r c e n t o f e a r n s , t o c it yr
2 0 7 .1 8 7
I n t . o n b o n d s a n d lo a n s ..
5 ,0 2 0
R e n t a l o f le a s e d l in e s — .
1 7 5 ,0 0 0
C o n tin g e n t fu n d ...............
2 5 ,0 0 0
F ir e I n su r a n c e f u n d -------.
9 0 0 .7 2 4
D iv id e n d s ( 1 0 % ) ...............
$ 1 ,4 5 4 ,0 9 1
$ 1 ,2 4 9 ,7 6 7
$ 1 ,0 5 6 ,9 0 8
$ 2 1 4 ,8 4 0
1 9 5 .8 3 3
3 ,0 6 0
1 7 1 ,5 1 7
2 5 .0 0 0
7 6 8 ,1 0 0
$ 1 7 8 ,4 0 8
1 6 3 ,6 0 0
$ 1 4 8 ,2 4 6
1 3 0 ,4 9 3
1 7 0 ,0 5 6
2 5 .0 0 0
7 0 0 ,0 0 0
6 0 .0 0 0
2 5 .0 0 0
6 0 1 ,6 6 7
$ 1 ,2 4 6 ,0 6 4
$ 1 ,0 5 5 ,4 0 6
T o t a l d e d u c t io n s ............$ 1 ,5 5 5 ,3 6 2
$ 1 ,3 7 8 ,3 5 0
$ 3 ,7 0 3
$ 1 ,5 0 2
$ 3 5 ,6 8 7
$ 7 5 ,7 4 1
S u r p lu s - - - - - - ‘ Jo
R O A D ’ — O p e r a te s 1 3 8 .8 5 m ile s o f tr a c k e x c lu s i v e o f t h e m ile a g e o f t h e
M o n tre a l T e r m R y . 3 0 .1 0 m ile s , a n d t h e S u b u r b a n T r a m w a y A P o w e r C o.
6 06 m ile s , and M ont P ark A I s la n d R v . 42 10 m ile s; t o ta l I n c lu d in g c o n
t r o lle d r o a d s 217 11 m ile s .
In 190 1 c o n t r a c t w a s m a d e w ith t h e M o n tre a l
L ig h t H e a t A P o w e r C o. for a s u p p ly o f p o w e r .
O F F I C E R S — P r e s .. H o n . L . J F o r g e t: V . P . , K . W . B la c k w e ll; M a n a g
in g D ir e c to r \V G R o s s : S e c . . P a t r ic k D u hoe: M gr. D . M c D o n a ld .— V 82
p 45 2 51 0- V . S3, p 970 1 1 6 9 1 17 1. 12 29; V 8 5 . p - ” 1. 1 1 4 3 , 1 2 0 7
210; V . 8 6 , p . 16 8 , 3 3 8 , 481; V . 8 6 , p . 1467; V . 8 7 , p . 1 2 3 5 .
NETHERLANDS (HOLLAND)
N E T H E R L A N D S T R A M W A Y S C O R P O R A T I O N . - A n e le c t r ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c t ic u t o n D e c . 11 1 9 0 2 .
O w n s t h e e n t ir e Issu e o f c a p it a l s t o c k ( 6 0 0 ,0 0 0 g u ild e r s ) o f t h e E e r s te
N e d e r la n d s c h e E le c tr ls c h e T r a m M a a ts c h a p p y ( F ir s t N c t h e r la n d T r a m
C o m p a n y ) , w h ic h o w n s a ll o f t h e s t r e e t r a ilw a y s In t h e c it y o f H a a r le m ,
H o lla n d , w it h t h e e x c e p t i o n o f 2 m ile s o f h o r s e r a ilr o a d , a n d a lin e to
Z a n d v o o r t, o n t h e N o r t h S e a . t h e s e c o n d la r g e s t D u tc h s e a s id e r e s o r t.
T h e N e t h e r la n d s T r a m w a y s C o r p o r a tio n a ls o o w n s t h e e n t ir e c a p ita l
s to c k o f t h e E le c tr ls c h e S p o o r w e g M a a ts c h a p p y , w h ic h Is o p e r a tin g , u n d e r
c o n c e s s io n s fr o m t h e G o v e r n m e n t o f t h e N e t h e r la n d s , a d o u b le - tr a c k e le c
t r ic r a ilr o a d fr o m t h e c e n t r e o f A m s t e r d a m t o H a a r le m , a d is ta n c e o f a b o u t
12 m ile s , t h u s c o m p le t in g a th r o u g h lin e fro m A m s t e r d a m t o Z a n d v o o r t.
T h e b o n d Issu e o f t h e c o m p a n y , 3 ,0 0 0 ,0 0 0 g u ild e r s , 4 % ( $ 1 ,2 0 0 ,0 0 0 ) , w a s
a ll p la c e d a n d Is o w n e d In H o lla n d .
I t s s to c k w a s s u b s c r ib e d fo r a t p a r
b y t h e N e t h e r la n d s T r a m w a y s C o r p o r a tio n , t h e p r e s e n t o w n e r o f t h e s t o c k ,
a n d t h e c o s t o f t h e r e a l e s t a t e , fr a n c h is e s a n d c o n s tr u c t io n o f d o u b le - tr a c k
ro a d fro m H a a r le m t o A m s t e r d a m h a s b e e n d e f r a y e d p a r t ly b y t h e s a le o f
t h e c o m p a n y ’s b o n d s a b o v e m e n tio n e d a n d p a r t ly b y s a le o f Its s t o c k to th e
N e t h e r la n d s T r a m w a y s C o r p o r a tio n .
STO C K A N D B O N D S —
D a le.
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n $ 2 , 0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
.................
$ 2 ,0 0 0 ,0 0 0 .........................
P f 5% c u m $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 ) . ...................................
1 ,5 0 0 ,0 0 0 ......................E le c S p o o r M a a ts c h a p p y m t g )
( 2 ,7 7 6 ,0 0 0 1
3 ,0 0 0 .0 0 0 g u ll ( $ 1 ,2 0 0 ,0 0 0 ) ) 1 9 0 3
4 J -J
) g u ild e r s J J a n 1 1953
( 1 ,0 0 0 g u ild e r s ) ____________ J
■ o n d s . — B o n d s a r e s u b j e c t to c a ll a f t e r D e c . 1 9 0 5 a t p a r . T h e K erst
B
N e d e r la n d s c h e E le c tr ls c h e T r a m M a a ts c h a p p y h a s a n Issu e o f 6 9 5 ,0 0 0
g u ild e r s ( $ 2 7 8 ,0 0 0 ) b o n d s o u t s t a n d in g .
R O A D .— O w n s 6 .8 m ile s In C ity o f H a a r le m ; 1 .8 m ile s , H a a r le m to
B lo e m e n d a a l; 6 .6 m ile s d o u b le t r a c k , o r 1 3 .2 m ile s s in g le t r a c k , fro m
H a a r le m t o Z a n d v o o r t; 12 m ile s d o u b le t r a c k f r o m H a a r le m to A m s t e r
d a m : t o t a l , 4 5 .8 m ile s .
O F F I C E R S .— P r e s ., H e n r y J . P ie r c e , N . Y .; V . - P . , G . L . B o ls s e v a in
N . Y .- S e c ., VV. P a x t o n L i t t l e , N . Y .; T r e a s ., E d w in H e n d e r s o n , N . Y .;
F is c a l A g e n t s , K e a n , V a n C o r t la n d t A C o ., N . Y . — V . 7 6 , p . 3 3 1 .
NIAGARA FALLS, CANADA.
N I A G A R A S T . C A T H A R I N E ’S & T O R O N T O R Y .— E le c tr ic a n d s te a m
read.
In J u ly 1 9 0 8 c o n t r o l c h a n g e d h a n d s a n d n e w o f fic e r s e le c t e d a s b e lo w .
O R G A N I Z A T I O N .— I n c o r p o r a te d in C a n a d a I1 1 8 9a.
1
A c o n s o lid a t io n
o f t h e N ia g a r a C e n tr a l R y .. t h e N ia g a r a F a lls VVelsey P a r k A C lifto n T r a m
w a y C o. a n d t h e P o r t D a lh o u s le S t . C a th a r in e 's A T h o r o ld E le c tr ic S t r e e t
R y.
F r a n c h is e p e r p e tu a l. O w n s a n d o p e r a te s N ia g a r a S t . C a t h a r in e ’s
A T o r o n t o N a v ig a t io n C o .; a ls o t r a n s p o r t s f r e ig h t.
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r it y .
s t o c k . $ 1 ,0 0 0 ,0 0 0 ................................... ...............
$ 9 2 5 ,0 0 0 .........................
R a ilw a y F ir st m o r t g a g e , g o ld ( 1 8 9 9 5 g M -N
8 6 6 .0 0 0 N o v 1 1929
($ 1 ,0 0 0 ) ( $ 1 ,0 0 0 o r £ 2 0 5 1 I n t . a t C a n a d ia n B a n k o f C o m m e r c e , T o r
Os 8 d . ) ___________________c* I o n t o , a n d B a n k o f S c o t la n d . L o n d o n .
( N a t io n a l T r u s t C o ., L t d . , T o r o n t o , t r u s t e e .
N a v ig a t io n C o . F ir s t m o r t-1 1903
5 g M -N
$ 2 0 0 ,0 0 0 N o v 1 1929
gage,
$ 2 5 0 ,0 0 0
($ 1 ,0 0 0 ) j l n t . a t C a n a d ia n B k .o f C o m ..T o r o n t o A N .Y .
(£ 2 0 5 9 s . 8 d . ) , g o l d ____ c* I N a t io n a l T r u s t C o ., L t d . , T o r o n t o , t r u s t e e .
I n t e r e s t a ls o a t B a n k o f S c o t la n d , L o n d o n .
B o n d s . — O f t h e R a ilw a y b o n d s $ 2 0 ,0 0 0 per m ile Is a u t h o r iz e d a n d Issu ed .
S e c V . 8 2 , p . 8 6 9 . T h e N a vig a tio n b o n d s a r e g u a r a n t e e d b y t h e R a ilw a y ,
p . A I ., b y I n d o r s e m e n t.
N e ith e r Issu e Is s u b j e c t t o c a ll.
R O A D .— O p e r a te s 4 3 .3 0 m ile s o f t r a c k , n o t In c lu d in g s id in g s .
Runs
fro m N ia g a r a F a lls , N . Y . . a n d N ia g a r a F a lls , O n t ., t o P o r t D a lh o u s le o n
L a k e O n ta r io , p a s s in g th r o u g h S t . C a t h a r in e ’s , M c r r ltto n a n d T h o r o ld .
An e x t e n s io n from T h o r o id th r o u g h F o n th ll! t o W e lla n d h a s b e e n c o m
p le t e d .
M ain lin e h a s b e e n r e p la c e d w ith 8 0 - lb . r a il. 30 p a s s e n g e r c a r s , 10
fr e ig h t c a r s , 2 e le c t r ic l o c o m o t iv e s . 1 s te a m l o c o m o t iv e . 2 e le c t r c s n o w
p lo w s a n d 14 m is c e lla n e o u s c a r s.
A ls o o w n s t w o s te a m e r s .
E x t e n s io n
c o n t e m p la te d fro m S t . C a t h e r in e ’s t o T o r o n t o b y w a y o f H a m ilt o n .
P er
m is s io n t o b u ild s e v e r a l e x t e n s io n s h a s b e e n g r a n t e d b y t h e D o m in io n
P a r lia m e n t.
R E P O R T — F o r y e a r s e n d in g D e c . 3 1 :
Y ea r —
Gross.
O ver. e x p .
N et.
C harges.
S u r p lu s
1908
................. $ 2 6 8 ,2 0 9
$ 1 8 8 ,3 1 1
$ 7 9 ,8 9 8
$ 5 1 ,5 7 1
$ 2 8 ,3 2 7
1 0 0 7 _____ ______ 2 7 0 ,4 6 3
1 8 3 ,1 0 3
8 7 .3 6 0
4 7 ,3 0 4
4 0 ,0 5 6
O F F I C E R S .— P r e s ., D . B . H a n n a , T o r o n t o ; V . - P . , J . D . M o r to n ,
T o r o n to : S e c .- T r e a s ., A . J . M itc h e ll. T o r o n t o , C a n .; G en . M g r ., E , F , S e lx a s ,
S t . C a th e r in e ’s . — V . 8 2 , p . 8 6 9 ; V . 8 7 . p . 9 7 .
OTTAWA, CANADA.
OTTAWA ELECTRIC RY.—A trolley mad.
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1 8 9 4 .
I s a c o n s o lid a t io n o f t h e
O tt a w a C ity P a s s e n g e r R y . a n d t h e O tt a w a E le c tr ic S t r e e t R y .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
s t o c k $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
Q -J
$ 1 ,2 4 7 ,7 0 0 O c t ’0 9 . 2 H
F ir s t m o r t g a g e $ 5 0 0 ,0 0 0 g o l d ) 1 8 9 7
4 g J -J
5 0 0 ,0 0 0 J u ly 5 1922
( $ 1 , 0 0 0 ) _________________ c * ( I n t e r e s t a t c o m p a n y ’s o f f ic e . T r u s t e e Is
l T o r o n to G e n e r a l T r u s ts C o r p o r a tio n .
B o n d s . — A r e n o t s u b j e c t t o c a ll; 10 % o f t h e Issu e In e x c e s s o f $ 3 5 0 ,0 0 0
m u s t he r e tir e d in e a c h o f t h e 10 y e a r s p r e c e d in g m a t u r it y .
D iv id e n d s . — F r o m 1 8 9 3 t o 1 9 0 5 , 8 % p e r a n n u m . I n 1 9 0 5 , 2% e x tr a : In
1 9 0 6 , 4% e x tr a ; In 1 9 0 7 , A p r il, 2 H % ; J u l y . 2 H % ; O c t . , 2 H % .
In 1 9 0 8 ,
J a n ., 2 %
a n d 2% e x tr a : A p r il, 2 H % : J u l y , 2 H % : O c t ., 2 H % In
1 9 0 9 , J a n ., 2 'A % a n d 2% e x tr a : A p r il, 2hS% ; J u l y , 2 H % ; O c t ., 2 H % .
E A R N I N G S .— F o r y e a r s e n d in g D e c . 3 1 :
S u r p lu s .
Y ear—
G ross.
’ N et.
C o n tin g .A c c t. D iv id e n d s .
1 9 0 8 .........................$ 6 1 6 ,2 2 9
$ 1 6 0 ,4 0 2
$ 1 3 ,5 8 3
$ 1 4 6 ,8 1 9
$ 3 5 ,4 2 4
1907
5 7 4 ,2 7 8
1 8 0 ,9 0 8
2 6 ,0 0 0
1 1 9 .4 8 4
3 0 ,2 8 4
1 9 0 6 .................... 5 2 5 ,7 4 7
1 8 0 ,6 8 4
3 1 ,0 0 0
1 1 9 ,4 0 0
* F ig u r e s o f n e t e a r n in g s a r e a f t e r d e d u c t io n o f I n t e r e s t o n b o n d s a n d
m ile a g e p a y m e n t s .
R O A D .— O p e r a te s 4 5 m ile s o f tr a c k In c i t y , a n d t o H u ll, R o e k liffe ,
B r lta n n la - o n - t h e - B a y a n d G o v e r n m e n t E x p e r im e n t a l F a r m .
H a s a p a rk
o f 6 0 a c r e s a t B r lta n n la - o n - t h e - B a y . S t a n d a r d g a u g e . R a lls , 5 6 , 7 2 a n d
8 0 - lb . T a n d g ir d e r .
O F F I C E R S .— P r e s ., T . A h e a r n : V . - P ., P e t e r W h c le n ; S e c . a n d T r e a s .,
J a s . D . F r a se r; S u p t . , J . E . H u t c h e s o n .— y . 8 6 , p . 3 3 8 : V . 8 8 , p . 3 7 6 .
PONCE, PORTO RICO.
P o p u la t io n in 1 9 0 6 w a s a b o u t 3 4 .0 0 0
P O N C E E L E C T R IC C O .— I n c o r p o r a te d In N e w J e r s e y in 1 9 0 2 .
O w ns
t h e s e c u r it ie s o f t h e P o n c e R y . A L ig h t C o ., w h le h o w n s t h e r a ilw a y b e t w e e n
P o n c e a n d t h e P la y a a n d t h e e le c t r ic - lig h t b u s in e s s o f P o n c e a n d t h e P la y a .
A ls o o w n s 1 0 0 a c r e s o f s h o r e p r o p e r ty a t t h e P l a y a , t o h e u se d a s lo c a t io n
fo r t h e o n ly d e e p - w a t e r w h a r f -In t h e h a r b o r .
R a ilw a y fra n ch ise e x p ir e s In
1 9 6 1 , e lc c t r lc - llg h t fra n ch ise In 1 9 6 3 a n d w h a r f fra n ch ise In 1 9 9 7 .
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
* 5 0 0 -0 0 0
—
S t o c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ______________
C o lla te r a l t r u s t fir st m o r t g a g e ) 1 9 0 2
6 g M -N
2 3 5 ,0 0 0 M a y ' J 927
§ 7 5 0 ,0 0 0 g o l d __________ c * / I n t . a t B o s t o n S . D . A T r . C o ., B o s t o n , T r u s.
B o n d s — A r c s u b j e c t to c a ll a s a w h o le a t 105 a n d I n te r e s t o n a n y in te r e s t
d a te
A s in k in g fu n d o f 1% p e r a n n u m o f t h e e n t ir e a m o u n t o f b o n d s b e
c a m e o p e r a t iv e M a y 1 190 3 a n d Is I n v e s te d In t h e b o n d s a t n o t m o r e t h a n
1 0 7 u a n d I n t e r e s t . $ 1 5 .0 0 0 b o n d s h a v e b e e n c a n c e le d b y t h is fu n d to d a t e .
E A R N I N G S — F o r 12 m o s. e n d in g D e c . 31 1 9 0 8 : G r o s s , $ 1 1 3 ,1 3 1 ; n e t ,
$ 5 0 9 4 5 - in t . a n d t a x e s . * 3 6 ,7 5 5 : s in k , fu n d , $ 2 ,5 0 0 : s u r p ., $ 1 1 ,6 9 0 .
In
1 9 0 7 , g r o s s , $ 1 2 0 ,0 8 7 ; n e t , $ 4 6 ,3 8 3 ; l n t . , $ 2 9 ,5 8 7 ; s in k , f u n d , $ 2 ,5 0 0 ;
s u n i lu s , $ 1 4 ,2 9 6 .
. .
.
_
R O A D .— O p e r a te s 4 .5 m ile s o f tr a c k b e t w e e n P o n c e a n d P o r t P o n c e .
6 0 - lb . r a ils .
11 c a r s.
G a u g e . 1 m e tr e .
O F F I C E R S .— P r e s ., F r e d e r ic k S . P r a tt; V . - P . , J o h n \V . H a llo w e ll;
T r e a s ., H e n r y B . S a w y e r ; S e c ., A lv a h K . T o d d ; T r a n s fe r A g e n t s . S t o n e A
W e b s te r , B o s t o n , M a s s.— V . 7 4 . p . 2 6 8 , 4 7 8 .
P O R T O RIC O R A I L W A Y S C O .. L I M I T E D .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a n a d a O c t . 1 9 0 6 a n d h a s a c q u ir e d
t h e S a n J u a n L ig h t A T r a n s it C o. a n d P o r to R ic o P o w e r A L ig h t C o. a n d
C a g u a s T r a m w a y C o . C o n tr o ls a ll t h e e le c t r ic r a ilw a y , e le c t r ic l ig h t a n d
p o w e r b u s in e s s o f S a n J u a n , S a n T u r c e a n d R io P le d r a s: a ls o c o n t r o ls e n tir e
lig h t in g s y s t e m In c it ie s o f C o m e r lo , B a y a m o n , C a t a n o . C a r o lin a a n d C a g u a s.
I t s llg f it ln g fr a n c h is e s In S a n J u a n a n d S a n T u r c e a r e p e r p t e u a l. T h e
W a te r P o w e r a n d C a g u a s T r a m w a y f r a n c h is e s a r e fo r 9 9 y e a r s fr o m 1 9 0 6 .
T h e s tr e e t r a ilw a y fr a n c h is e r u n s u n til 1 9 5 9 .
A n e x p r e s s s e r v ic e w a s In a u g
u r a t e d in 19 0 8 In c o n j u n c tio n w it h P o r t o R ic a n E x p r e s s C o .
C ontract. — A c o n t r a c t h a s b e e n m a d e w it h th e P o r t o R ic a n L e a l T o b a c c o
■Co. u n d e r w h ic h t h is r a ilr o a d w ill g e t a ll th e fo r m e r ’s f r e ig h t b e tw e e n
C a g u a s a n d S a n J u a n fo r te n y e a r s .
STOCK A N D B O N D S—
D a te .
In te re st. O u tsta n d in g .
M a tu r ity .
C o m m o n s t o c k , $ 3 , 0 0 0 ,0 0 0
.........
................. ..
$ 3 ,0 0 0 ,0 0 0 ____________
P r e f $ 5 0 0 ,0 0 0 ($ 1 0 0 ) 7% c u m . ____
________
5 0 0 ,0 0 0
....................
F ir s t m o r t g a g e , $ 3 ,0 0 0 .0 0 0 1 1 9 0 0
5 M -N
2 ,9 7 1 ,5 0 0 N o v 1 1 9 3 0
( $ 5 0 0 ) , g o ld ----------------------- ( I n t . a t M o n tr e a l T r u t C o ., T r u s t e e .
(M o n tr e a l a n d H a lifa x , o r M e tr o p o l. B k .,T o r .
B o n d s . — A r e s u b j e c t t o c a ll a t 1 0 5 . S in k in g fu n d o f 1% o f b o n d s Issu e d
p lu s o n e y e a r ’s I n t e r e s t o n c a n c e le d b o n d s b e g a n N o v . 1 9 0 8 . $ 2 8 ,5 0 0 b o n d s
c a n c e le d .
B o n d s a r e lis t e d o n T o r o n to S t o c k E x c h a n g e .
R E P O R T .— F o r c a le n d a r y e a r s:
Y ear—
Gross.
N et.
Charges. S 'n k .F u n d . S u r p lu s
1 9 0 8 ..............................$ 3 7 6 ,2 4 4
$ 1 7 2 ,5 9 9
$ 9 8 ,0 3 0
$ 2 2 ,9 8 5
$ 5 1 ,5 8 4
1 9 0 7 .............................. 3 4 9 ,8 6 8
143 5 0 7
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1 9 0 6 .............................. 2 9 8 .8 0 3
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R O A D .- —O n e r a te s fro m
i J u a n to R io P le d r a s , 9 m ile s e le______.
c ir lc
S ta n d a r d g a u g e .
A n e x t e n s io n o f 18 m ile s to C a g u a s , w h ic h Is b e in g o p
e r a te d b y s te a m - m e t e r g a u g e w a s c o m p le t e d In 1 9 0 8 .
O F F I C E R S .— P r e s ., VV. B . R o s s , H a lifa x ; V . - P . , W . M . A l t k e n , M o n
tr e a l; S e c ., F . C. C la r k e , M o n tr e a l.
O ffic e , 1 7 9 S t . J a m e s S t . , M o n tr e a l,
C a n .— V . 8 5 , p . 161; V . 8 8 , p . 1 0 6 2 ; V 8 9 , p . 2 2 6 , 5 9 4 .
RIO DE JANEIRO, BRAZIL
RIO DE JANEIRO TRAMWAY, LIGHT & POWER CO., LTD.
O R G A N I Z A T I O N . — I n c o r p o r a te d u n d e i t h e la w s o f C a n a d a In J u n e 1 9 0 4 .
P u r c h a s e d t h e R io d e J a n e ir o G as C o . a n d fo u r s t r e e t r a ilw a y p r o p e r tie s
( t h e V illa I s a b e l T r a m w a y C o ., t h e S a o C h r is to v a o T r a m w a y C o ., t h e C arrls
U r b a n o s T r a m w a y C o . a n d t h e C o m p a n la F e r r o c rll C a r lo c a ) . O w n s
e n t ir e $ 1 ,0 0 0 ,0 0 0 c a p ita l s t o c k o f R io d e J a n e ir o T e le p h o n e C o .
A lso
o w n s 2 w a t e r -p o w e r p la n t s , g a s p l a n t a n d e le c t r ic l ig h t a n d p o w e r p l a n t .
I n 1 9 0 9 p u r c h a s e d c o n t r o l o f t h e F e r r o c o r ll d e J a r d ln B o t a n lc o ( h a s . It Is
s t a t e d , 7 5 m ile s o f lin e a n d a b o u t 3 5 0 c a r s ) , t h e o n ly I m p o r ta n t r e m a in in g
I n d e p e n d e n t t r a m w a y s y s t e m In R io d e J a n e ir o .
V. 88, p. 883, T he
g a s a n d e le c t r ic - lig h t fra n ch ise e x p ir e s 1 9 4 5 , g a s fr a n c h is e b e in g e x
c lu s iv e u n t il 1 9 4 5 a n d e le c t r ic l ig h t u n t il 1 9 1 5 , w it h a m o n o p o ly fo r p u b lic
l ig h t in g u n t il 1 9 4 5 . T e le p h o n e fra n ch ise e x p ir e s 1 9 2 8 a n d Is e x c lu s i v e .
S e e V . 8 3 , p . 2 1 4 . R io d e J a n e ir o T r a m w a y c o n c e s s io n s w ero e x t e n d e d In
1 9 0 7 u n t il 1 9 7 0 a n d g iv e e x c lu s i v e p r iv ile g e s u n t il 1 9 4 0 In v e r y la r g e a r e a
o f c i t y . F ra n ch ise fo r e le c t r ic e n e r g y fo r l ig h t in g a n d p o w e r s e r v ic e w e r e
a ls o e x t e n d e d t o 1 9 9 0 .
B o t h s t o c k a n d b o n d s a r e lis t e d o n t h e T o r o n t o
S to c k E x c h a n g e. V . 8 6 , p . 1044; V . 8 8 , p . 5 0 7 .
I n A p ril 1 9 0 9 2 d m t g e .
d e b e n tu r e s w e r e lis t e d o n L o n d o n S t o c k E x c h a n g e . V . 8 8 , p . 8 8 3 . S e e d e
s c r ip t io n o f p r o p e r ty In V . 8 7 , p . 9 7 .
O n M a y 3 1 9 0 9 s t o c k h o ld e r s v o t e d
t o I n c r ea se s t o c k t o $ 4 0 ,0 0 0 ,0 0 0 , $ 6 ,2 5 0 ,0 0 0 o f w h ic h w a s o ffe r e d t o s h a r e
h o ld e r s a t p a r , p a y a b le $ 2 5 o n a p p lic a t io n a n d $ 2 5 o n J u n e 1 3 , J u l y 13 a n d
A u g . 13 1 9 0 9 r e s p e c t iv e ly . V . 8 8 , p . 5 0 7 , 8 8 3 , 9 4 6 , 1 1 9 8 , 1 3 7 4 .
I n c o n n e c tio n w it h p u r c h a s e o f V illa I s a b e l T r a m w a y C o . a n d R io d e
J a n e ir o T e le p h o n e C o ., n e g o t ia t e d a $ 3 ,5 0 0 ,0 0 0 lo a n , u n d e r w h ic h e n t ir e
$ 6 ,0 0 0 ,0 0 0 fo r m e r c o m p a n y ’s b o n d s a n d e n t ir e $ 1 ,0 0 0 ,0 0 0 la t t e r c o m p a n y ’s
b o n d s arc d e p o s ite d a s c o lla t e r a l.
STO C K A N D B O N D S —
D ate
In te re st. O u tstanding.
M a tu r ity
Q -F
$ 3 1 ,2 5 0 . 00
S t o c k , $ 4 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ......................
N o v ’0 9 ,1 %
C a rrls U r b a n a s T m y b o n d s ____ ____
7
1 ,6 1 8 ,8 6 '
(?)
F ir s t m o r t g a g e , $ 2 5 ,0 0 0 ,0 0 0 ,1 1 9 0 5
5 g J -J
2 5 , 0 0 0 ,0 0 0
1935
($100
$ 5 0 0 a n d $1 0 0 0 ) ) I n t . p a y a b le In T o r o n t o ,. N . Y .,. & L o n d o n .
g o l d . . _____ _________________j N a t io n a l T r . C o ., 'L t ' ., T o r o n t o , t r u s t e e .
d
N o t e s . $ 3 .0 0 0 ,0 0 0 ............................ 1 9 0 7
6%
(?)
see t e x t
S e c o n d m o rtg a g e d e b e n tu r e s, f 1908
5 A -O
1 0 ,7 1 6 ,3 3 8
A p ril 1 9 5 8
$ 1 7 ,5 0 0 ,0 0 0 ( $ 5 0 0 ) ________ ( N a t io n a l T r u s t C o ., L t d . , T o r o n t o , T r u s t e e .
l i n t a t C a n a d ia n B k . o f C o m m e r c e , L o n d o n .
B o n d s . — A s in k in g fu n d o f 1% p e r a n n u m o f b o n d s o u t c o m m e n c e s In
1910.
T h e 2d m tg e . d e b e n t u r e s a r e s u b j e c t to c a ll o n th r e e m o n t h s ’ n o t ic e
a s a w h o le o r a n y p a r t a t 105; a lso s u b j e c t to s in k in g f u n d d r a w in g b e g in n in g
A p r il 1 1 9 1 8 .
N o t e s o f 1 9 0 7 r u n fo r 2 H y e a r s .
D iv id e n d s . — F ir s t d l v . — 1 % — p a id N o v . 1 9 0 9 .
E A R N I N G S .— F o r 12 m o s . e n d in g D e c . 31 1 9 0 8 , g r o s s , $ 7 ,1 3 8 ,2 4 7 ; n e t ,
$ 2 ,7 3 0 ,4 3 5 ; llx e d c h a r g e s , $ 1 ,8 6 0 ,1 9 8 ; s u r p lu s , $ 8 7 0 ,2 3 7 .
I n 1 9 0 7 , g r o s s,
$ 6 ,2 8 6 ,2 0 1 ; n e t , $ 2 ,1 2 7 ,7 2 6 .
R O A D A N D P L A N T .— O p e r a te s 5 2 m ile s o f t r a c k b y a n im a l t r a c t io n
( w h ic h Is e x p e c t e d t o b e a ll c o n v e r te d t o e le c t r i c it y b y 1 9 1 0 ) In b u s in e s s a n d
r e s id e n t ia l s e c t io n o f c it y : a lso o p e r a te s b y e le c t r ic it y 7 6 m les o f tr a c k In
a d j o in in g d is t r ic t s a n d b y s t e a m a s c e n ic r o a d . 2 .3 3 m ile s , o w n in g a
h o t e l o n C o r c o v a d o M o u n t a in . T o t a l tr a c k a g e a b o u t 1 3 0 m lle 3 . H a s 4 6 7
c a r s. C a p a c it y o f p r e s e n t p o w e r s t a t io n Is 3 4 ,7 0 0 h .p .
A t R io d a s L a g a s
a h y d r o - e le c tr ic p la n t Is n e a r in g c o m p le t io n .
C o m p a n y w a s s u p p ly in g
In M arch 1 9 0 9 to C ity o f R io d e J a n e ir o 1 0 ,3 7 7 h . p . In m o to r s , 1 ,8 9 1 a r c
la m p s , 4 4 ,5 7 0 I n c a n d e s c e n t la m p s a n d 7 6 6 v e n t il a t i n g fa n s . S e e V . 8 6 ,
p . 1 2 8 5 ; a ls o V . 8 7 , p . 9 7 .
I n M c h . 1 9 0 9 h a d 3 ,6 1 2 t e le p h o n e s In s e r v ic e .
O F F I C E R S .— C h a ir m a n o f B o a r d , W illia m M a c k e n z ie , T o r o n to ; P r e s .,
F . S . P e a r s o n : V . - P ., A . M a c k e n z ie , R . M . H o r n e - P a y n e , E . R . W o o d a n d
Z . A . L a sh ; R e s . V . - P ., A le x a n d e r M a c k e n z ie ; S e c ., J . M . S m it h .
M a in
o f fic e , 9 T o r o n t o S t . , T o r o n t o .— V . 8 0 , p . 1 1 7 5 ; V . 8 3 , p . 2 1 4 , 4 3 6 ; V . 84.
p . 5 7 1 , 9 3 2 , 99 7 ; V . 8 6 , p . 5 4 8 , 9 2 0 , 9 8 2 , 1 0 4 4 , 1 1 0 1 , 1 2 8 5 , 1 4 1 0 ; V . 8 7 , p . 97
1 0 8 5 ; V . 8 8 , p . 5 0 7 , 8 8 3 , 0 4 6 , 1 1 9 8 , 1 3 74; V . 8 8 , p . 2 1 9 , 4 1 2 , 7 7 9 .
SAO PAULO, BRAZIL.
THE SAO PAULO TRAMWAY LIGHT & POWER CO„ LTD;—An
e le c t r ic r o a d .
F o r s t a t e m e n t o f t h is c o m p a n y s r e 11 E le c tr ic R y S e c t ' o n ” o f J u n e 2 6 1 9 0 9 .
torontoT c a n a d a .
THE TORONTO RY. — A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 18 9 2 a n d a c q u ir e d b y p u r c h a s e t h e
o ld T o r o n t o C ity S t r e e t r a ilw a y s a n d t h e e x c lu s i v e p r iv ile g e to w o r k s tr e e t
r a ilw a y s In t h e c it y o f T o r o n t o for a te r m o f 3 0 y e a r s fro m S e p t . 1 1891
( w ith t h e e x c e p t io n o f t w o s m a ll r e s e r v a t io n s In t h e A c t w h ic h a r e b e lie v e d
t o b e o f n o I m p o r t a n c e ) . a p r iv ile g e w h ic h h a s s in c e b e e n r a tllle d b y A c t o f
t h e L e g is la tu r e o f O n ta r io .
In O c t. 19 0 2 s to c k w a s In c r ea se d t o $ 7 ,0 0 0 ,0 0 0
fo r t h e p u r p o s e o f t a k in g o v e r t h e M e tr o p o lita n R y . C o .
In A p ril 1906
a m o u n t w a s fu r th e r I n c r ea se d t o $ 8 ,0 0 0 ,0 0 0 t o p r o v id e for n e w c a r s a n d
e x t e n s io n s .
A lso o w n s t h e T o r o n t o & Y o r k R a d ia l R v .
G u a r a n te e s th a t
c o m p a n y ’s b o n d s , p r in c ip a l a n d I n te r e s t.
V . 79 , p. i4 6 3 .
A ls o c o n tr o ls
t h e T o r o n t o P o w e r C o . ( w h ic h c o n tr o ls t h e e le c t r ic a l D e v e lo p m e n t C o .)
F avorable D e c isio n . — T h e J u d ic ia l c o m m it t e e o f t h e P r iv y C o u n c il In
L o n d o n r e n d e r e d J u d g m e n t f a v o r a b le t o t h e c o m p a n y w it h r e fe r e n c e t o
I ts c h a r te r r ig h ts . S e e V . 8 4 , p . 1 2 4 9 .
P a y m en ts to the C ilu . — A s t o a n n u a l p a y m e n t s to t h e c l t v . s e c “ S u p n le
m en t” of M ay 1898.
P a id t o c i t y In 1 9 0 8 , $ 5 7 8 ,9 9 5 - 1 9 0 7 , $ 5 4 2 ,0 9 1 ; 1 9 0 6 .
$ 4 6 7 ,3 6 5 : In 1 9 0 5 , $ 4 0 5 ,6 3 9 .
STO C K A N D B O N D S—
D a te.
In te re st. O u tsta n d in g . L a st d lv . .etc
S t o c k , $ 8 ,0 0 0 ,0 0 0 (p a r , $ 1 0 0 ) ...............
Q -J
$ 8 ,0 0 0 ,0 0 0
O c t '09 I K
6 J -J
6 0 0 .0 0 0 J u ly 1 1 0 1 4
T o r o n t o S t . R y . d e b e n t u r e s ___ 1881
1 st M , $ 4 ,5 5 0 ,0 0 0 , $ & £ , 1
1892 «4 K g
3 .3 9 M 2 7
A u g 3 1 1921
$ 3 5 ,0 0 0 p er m ile ------------ c * J T r u s t e e s , G .A .C o x ,T o r .,& R .B .A n g u s , M o n t.
1904 5 g A -O
1 .0 0 0 ,0 0 0 O c t
1 1919
T o r o n t o & Y o r k R a d ia l R y .f
1 st M , g ( $ 1 ,0 0 0 ) , g u a r - .c * ) N a t io n a l T r u s t C o ., L t d . , T o r o n t o , t r u s t e e .
l i n t , a t B a n k o f M o n tr e a l. T o r o n t o a n d N . Y .
T o r P o w Co L t d d e b s t k .s t e r l ’g 1 9 0 8
4 K J -J
£ 5 0 0 ,0 0 0 J u l y 6 1 9 1 8
E le c D e v e l C o $ 1 0 ,0 0 0 ,0 0 0 1 19 0 3
5
$ 1 0 ,0 0 0 ,0 0 0 M ch 1 19 3 3
1 s t m tg e ( $ 5 0 0 ) , g ---------c* l i n t , a t C a n . B k . o f C o m ., T o r ., N Y . & L o n .
a I n t e r e s t a n d p r in c ip a l o n s te r lin g b o n d s p a y a b le F e b . 28 a n d A u g . 31
a t B a n k o f S c o t la n d , L o t h b u r y , L o n d o n , E . C .; 5% o f b o n d s o a n bo c a lle d
a t p a r fr o m 1911 t o 1 9 2 0 .
S in k in g F u n d . — T h e c o m p a n y Is o b lig e d t o r e d e e m 5% o f Its t o t a l b o n d
Is su e b y d r a w in g s a t p a r y e a r ly fro m A u g . 31 1911 t o 1 9 2 0 .
B o n d s . — T h e 1st M . c o v e r s e n t ir e p r o p e r ty , s u b j e c t t o p a y m e n t s d u e t h e
c i t y a n d t h e d e b e n t u r e s , to r e tir e w id e n $ 6 u o ,o u o llr s ts a r e r e s e r v e d .
B onds
a r e lis te d o n L o n d o n S to c k E x c h a n g e .
T h e d e b e n tu r e s t o c k o f T o r o n t o P o w e r C o . Is g u a r , u n c o n d it io n a l l y ,
b o t h a s t o p r ln . a n d I n t ., b y T o r o n t o R y . C o . S e c u r e d b y $ 2 , 0 0 0 ,0 0 0 b o n d s
a n d fo u r -fir th s o f c o m m o n s h a r e s o f E le c tr ic a l D e v e lo p m e n t C o . o f O n ta r io ,
L td .
S in k in g f u n d f o r s a m e e q u a l t o o n e - t e n t h o f s t o c k o u t s t a n d in g
Is p a y a b le a n n u a lly .
V . 87, p. 286.
I n t . o n E le c . D e v e l. C o . b o n d s Is g u a r ,
b y T o r o n to R y . to M ch. 1 1 9 1 0 .
B o n d s h a v e s . f . b e g in n in g In 1911 o f $
p e r y e a r fo r e a c h e le c t r c la l h .p . s o ld .
V. 88, p. 1316.
D iv id e n d s . — In 1 8 0 8 , 4 % ; In 1 8 9 9 , 4 % ; In 1 9 0 0 ,4 % ; In 1 0 0 1 , 4 H % ; In
1 0 0 2 , 5 %; in 1 0 0 3 , 5 %; In 1 9 0 4 , 5 %; In 1 9 0 5 , 5 % ; In 1 9 0 6 . 5 H %: In
1 9 0 7 , 6 % ; In 1 9 0 8 , 6 % ; In 1 9 0 9 , J a n . , i y i % ; A p r il, 1 K % ; J u l y , I K % ;
O c t ., 1 H % .
R O A D .— O p e r a te s 114 m ile s o f tr a c k : 7 0 - lb . a n d 9 0 -lb g ir d e r r a ils .
O w n s 8 6 0 e a r s , o f w h ic h 661 a r e m o to r c a r s.
R E P O R T .— F o r y e a r e n d in g D e c . 31 1 9 0 8 , s e e V . 8 8 , p . 5 6 0 .
G ross.
N et.
C haravs.
D iv id e n d s
P a v 'g .
S u r p lu s .
1 0 0 8 . . $ 3 ,5 6 ,4 9 4 a $ l , 7 2 1 ,2 2 6
$ 6 9 2 ,8 7 0
$ 4 7 9 ,5 1 4
$ 8 1 ,1 5 8
* $ 4 0 7 ,6 8 4
1 9 0 7 _ _ 3 ,5 1 1 ,1 9 8
1 ,6 1 7 .9 6 0
640 8 0 8
4 7 3 ,3 8 7
8 0 .9 0 4
* 4 2 2 ,7 7 1
1 9 0 6 . . 3 , 1 0 9 ,7 3 0
1 .4 6 3 ,2 2 4
5 6 0 ,1 6 3
4 6 0 241 8 0 ,9 0 0
* 3 5 5 ,8 5 4
10 0 5
2 .7 4 7 ,3 2 4
1 .1 8 0 .8 8 7
4 6 4 ,3 0 7
3 5 0 ,0 0 0 7 9 ,9 9 0
* 2 9 2 ,5 8 4
a T h is I n c lu d e s $ 4 3 ,7 7 9 o t h e r I n c o m e .
• O u t o f t h is $ 1 5 0 ,0 0 0 w a s d e d u c t e d In 1 0 0 8 , $ 1 2 5 ,0 0 0 In 1 9 0 7 , $ 1 0 0 ,0 0 0
In 1 9 0 6 , $ 5 0 ,0 0 0 In 1 9 0 5 , a n d c r e d it e d to a c o n t in g e n t a c c o u n t .
R evenue
p a s s e n g e r s In 1 9 0 8 , 8 9 ,1 3 9 ,5 7 1 ; t r a n sfe r s , 3 2 ,7 0 0 ,5 7 6 .
O F F I C E R S .— P r e s ., W illia m M a c k e n z ie ; V . P . , F r e d e r ic N lc h o lls ; M gr
R o b t. J . F le m in g ; S e c a n d T r e a s .. J . C. G r a c e .— V . 8 2 n . 3 3 5 . 4 4 9 , 0 9 3
930; V . 8 4 , p . 4 4 6 ; V . 8 6 . p . 3 3 8 , 4 7 5 , 1410; V . 8 7 , p . 286; V . 8 8 , p . 4 5 3 ,
560, 687,
WINNIPEG, MANITOBA.
WINNIPEG ELECTRIC RY.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a n ito b a In 1 9 0 4 a n d Is a c o n s o li
d a t io n o f t h e W in n ip e g E le c tr ic S t . R y . a n d t h e W in n ip e g G e n e r a l P o w e r
C o . C o n tr o ls S u b u r b a n R a p id T r a n s it C o . a n d W in n ip e g S e lk ir k & L a k e
W in n ip e g R y . a n d g u a r a n t e e s b o n d s o f t h o s e c o m p a n ie s , p r ln . a n d I n t.
V. 86 , p . 1346.
O p e r a te s t h e e n tir e s t r e e t r a ilw a y , g a s a n d e le c t r ic b u s in e s s
o f W in n ip e g a n d S t . B o n if a c e .
O n J u ly 2 0 1 9 0 7 d ir e c to r s v o t e d to I n c r ea se
c a p ita l s t o c k fr o m $ 4 ,5 0 0 ,0 0 0 t o $ 6 ,0 0 0 ,0 0 0 . F ra n ch ise s arc p e r p e tu a l a n d
s tr e e t r a ilw a y f r a n c h is e Is e x c lu s i v e In W in n ip e g u n t il 1 9 2 7 a n d In S t .
B o n ifa c e u n til 1943
STO C K A N D B O N D S —
D a te.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .........................
Q -J
$ 6 ,0 0 0 ,0 0 0 O c t ’0 9 ,2 H %
P e r p e tu a l d e b e n t u r e s t o c k . , f ____
4 H A -O 2
£ 3 0 0 ,0 0 0
See te x t
( B r it is h E m p ir e T r u s t C o ., L o n d o n , T r u s t e e .
1 st r e f m t g e , $ 5 , 0 0 0 ,0 0 0 ,g o ld , j 1905
5 g J -J
4 ,0 0 0 .0 0 0 J a n
11035
s f ( $ 1 , 0 0 0 ) ----------------- c* l i n t , a t B a n k o f M o n tr e a l. M o n tre a l a n d N . Y .
W in El S t R y m t g e , $ 1 ,0 0 0 ,-J 1898
5 g J .)
1 ,0 0 0 .0 0 0 J a n
1 192 7
0 0 0 ($ 5 0 0 ) — -------------------- 1 I n te r e s t a t B a n k o f M o n tr e a l. M o n tre a l.
S to c k . — T h e $ 1 ,5 0 0 ,0 0 0 s t o c k a u t h o r iz e d J u ly 1 9 0 7 w a s o ffe r e d t o s t o c k
h o ld e r s o n o r b e fo r e S e p t . 15 1 9 0 7 , p a y a b le 1 0 % o n s u b s c r ip t io n a n d 1 0 %
O c t . 1 5 . N o v . 15 a n d D e c . 1 9 0 7 a n d J a n . a n d F e b . 1 9 0 8 , a n d 6 .6 0 % M arch
15 1 9 0 8 , th e r e m a in in g 3 3 .3 4 % to be p a id b y th e c r e d it in g o f $ 5 0 0 ,0 0 0 to
b e t a k e n fr o m p r o fit a n d lo ss a c c o u n t .
V. 8 5 , p . 4 0 6 . T h e d e b e n t u r e s to c k
Is r e p a y a b le a t n o fix e d d a t e , b u t Is s u b j e c t t o c a ll a t 1 0 5 a n d I n t e r e s t .
V . 88, p. 626.
B o n d s . — O f t h e n e w $ 5 ,0 0 0 ,0 0 0 m o r t g a g e , $ 1 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o
r e tir e t h e fir st 5 s. T h e R o y a l T r u s t C o ., M o n tr e a l. Is t r u s t e e .
T h e new
b o n d s a r e n o t s u b j e c t t o c a ll, b u t 1 K % o f b o n d s o u t s t a n d in g Is p a y a b le t o
a s in k in g fu n d fro m 1915 t o 1924 I n c lu siv e a n d 2% fro m 1925 t o 1934 In c lu
s iv e .
S e e V. 7 9 , n . 2 6 9 8 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 8 , g r o s s . $ 2 ,2 0 6 0 9 5 : n e t , $ 1 ,1 1 7 ,
2 2 2 : 1 s t c h a r g e s , $ 3 7 1 ,8 1 9 ; d iv id e n d s ( 1 0 % ) , $ 5 9 5 ,7 8 9 : s u r p lu s . $ 1 4 9 ,6 1 4 . I n
1 9 0 7 , g r o s s , $ 1 ,7 2 2 ,4 0 7 ; n e t . $ 9 4 6 ,6 7 6 ; fix e d c h a r g e s, $ 3 8 6 ,6 6 7 ; d iv id e n d s
( 8 % ) . $ 3 7 3 ,1 3 7 ; s u r p lu s , $ 1 8 6 ,8 7 2 .
P a s s e n g e r s c a r r ie d In 1 9 0 8 , 2 2 .0 1 9 ,5 0 7 . a g a in s t 2 0 ,8 4 6 ,3 1 7 In 1 9 0 7 .
R O A D .— O p e r a te s 1 0 1 .5 m ile s o f tr a c k , In c lu d in g S u b u r b a n R a p . T r a n s it
C o . a n d W in n ip e g S e lk ir k & L a k e W in n ip e g R y .
H a s 2 0 0 c a r s a n d 27
tr a ile r s . C o m p le te d In 1907 a 3 0 .0 0 0 h .- p . w a t e r -p o w e r p la n t .
O F F I C E R S .— P r e s ., W illia m M a c k e n z ie , T o r o n to ; V l c e - P r e s ., W illia m
W h y t e , W in n ip e g ; S e c . a n d T r e a s ., F . M o r to n M o rse, W in n ip e g . V . 7 9 ,
p . 2 6 9 8 ; V . 8 3 . p. 1 5 25: V . 8 4 , p . 8 9 6 ; V . 8 5 , p . 2 2 3 , 4 0 6 ; V . 8 6 , p . 6 0 4 ,
1346: V . 8 8 , p . 5 0 8 , 62 6 .
(1) Suburban Rapid Transit Co.
O R G A N I Z A T I O N .— O r g a n iz e d In 1 9 0 2 In M a n ito b a . C h a rte r g iv e s
c o m p a n y r ig h t t o o p e r a te t h e t e le p h o n e a n d te le g r a p h lin e s a n d to d is p o s e
o f e le c t r ic lig h t , h e a t a n d p o w e r . F r a n c h ise , 3 5 y e a r s fro m 19 0 2 a n d Is
e x c lu s i v e .
W in n ip e g E le c tr ic R y . c o n t r o ls ro a d th r o u g h o w n e r s h ip o f s t o c k .
STO C K A N D B O N D S —
D ate.
In te re st. O u tsta n d in g .
M a tu r ity .
S t o c k --------------------------------------------------------------See te x t
____________
f 1908
5 F -A
$ 5 0 0 ,0 0 0 J a n . 31 1938
F ir s t m o r t g a g e ($ 1 ,0 0 0 ) g . c * ( R o y a l T r u s t C o ., M o n tr e a l, T r u s t e e .
I I n t e r e s t a t B a n k o f M o n tr e a l, M o n tr e a l, T o r l o n t o , N e w Y o r k , or L o n d o n , E n g .
B o n d s . — A r e g u a r a n t e e d p r ln . a n d I n t. b y W in n ip e g E le c tr ic R y . A d d i
t io n a l b o n d s m a y b e Issu ed a t r a te o f n o t e x c e e d in g $ 2 0 ,0 0 0 p e r m ile a d d i
t io n a l ro a d b u ilt .
R O A D .— E m b r a c e s 19 m ile s o f t r a c k fr o m W in n ip e g t o H c a d ln g ly on
t h e n o r th s id e o f A s s ln lb o ln e R iv e r a n d b e y o n d t h e C ity P a r k o n t h e s o u t h
s id e o f r iv e r .
V . 86 . p . 1345.
(2) Winnipeg Selkirk & Lake Winnipeg Ry.
C o m p r ise s 21 m ile s o f ro a d fro m W in n ip e g o n n o r th s id e o f R e d R iv e r t o
S e lk ir k . C o n tr o lle d th r o u g h o w n e r s h ip o f s t o c k b y W in n ip e g E le c tr lo
R y . C o ., w h ic h g u a r a n t e e s p r ln . a n il I n t. t h e fo r m e r c o m p a n y ’s $ 4 0 0 ,0 0 9
b o n d s.
A B B R E V IA T IO N S , ETC.
The terms and abbreviations employed in this SUPPLEMENT are explained in the following:
‘‘S T O C K A N D B O N D S .” — U n d e r t h e s e w o r d s a r e s h o w n —
" S T O C K .” — T h e a m o u n t o f s t o c k a u th o rized I m m e d ia te ly fo llo w s t h e w o r d " s t o c k ,” a n d a g a in s t t h is Is t h e p a r v a lu e o f s in g le s h a r e s .
F o r c x a m p le :
‘ S t o c k , $ 2 0 0 ,0 0 0 ( $ 1 0 0 ) , m e a n s s t o c k , t o ta l Issu e a u t h o r iz e d b y c h a r te r o r b y A c t o f L e g is la t u r e , $ 2 0 0 ,0 0 0 , d iv id e d In to s h a r e s o f $ 1 0 0 e a c h ; " f . n ”
f o llo w in g t h e a m o u n t g iv e n a s o u t s t a n d in g m e a n s " fu ll p a i d .”
*
m e a n s “ p r e fe r r e d s t o c k . ”
“ P r e f. 6 % c u m . ’ m e a n s p r e fe r r e d s t o c k e n t it le d t o d iv id e n d s o f 6 % p e r a n n u m , s u c h d iv id e n d s If n o t n a ld
a c c u m u la t in g , a ll d iv id e n d s d u e a n d u n p a id t o b e p a id In fu ll fo r e a c h a n d e v e r y y e a r b e fo r e t h e c o m m o n s to c k r e c e iv e s a n y t h i n g .
" P r e f. 6 % n o n
s u b s e q u e n t ly 8
y
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t
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m ho 1 ™
T# ' ' n ort,• ’
" m ea n s m o rtg a g e .
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" G e n . M .” m e a n s g e n e r a l m o r t g a g e .
fo ' ,<\ w ln k J 3 t h e t o t a l a u t h o r iz e d a m o u n t t h a t c a n h e Issu e d u n d e r t h e m o r t g a g e . T h e w o r d “ g o l d ” Is u s u a lly s p e lle d o u t , b u t In s o m e
in s t a n c e s is c o n t r a c t e d t o g . , ” w h ile c u r .” m e a n s c u r r e n c y .
’. Y
. c o nv e r t i bl e In to s t o c k .
” S . f . ” m e a n s s in k in g f u n d .
” c . ” m e a n s c o u p o n ; “ c * ” m e a n s c o u p o n b u t m a y bo r e g is te r e d a s t o p r ln ” P , ^ „nir.„rHi?ia n L „ , „ y ^ f f ls t e r e d (n o c o u p o n s ) ,
r
m e a n s r e g is t e r e d , c o n v e r tib le In to c o u p o n b o n d s: “ c * & r * " m e a n s r c g is t e r a b lc In e it h e r fo rm
b le fro m r e g is te r e d t o c o u p o n o r t h e r e v e r s e : a n il “ c * & r ” m e a n s t h a t r e g is t e r e d c e r t lllc a tc s w i t h o u t c o u p o n s a s w e ll a s c o u p o n b o n d s a r c
R
1
. P- n' \ n ic a n p e r m ile , s o $ 1 5 ,0 0 0 p . m . m e a n s t h a t t h e Issu e o f b o n d s Is r e s tr ic te d to $ 1 5 ,0 0 0 fo r e a c h m ile o f t r a c k .
G u a r , m e a n s g u a r a n t e e d , a n d ‘g u a r . p . & 1. (e n d .) ’ m e a n s g u a r a n t e e d a s to p r in c ip a l a n d I n t e r e s t , t h e .g u a r a n ty b e in g e n d o r s e d o n e a c h b o n d .
" D A T E . ” — T h e d a t e o f Issu e o n t h e fa c e o f t n c b o n d s Is I n d ic a te d u n d e r t h e w o r d " d a t e . ”
*h i
’^ U^ d e ^ v Is h ^ d ' n s Is g iv e n t h e r a te p e r c e n t y e a r ly o f t h e I n te r e s t p a y a b le o n t h e b o n d s o r (If g u a r a n t e e d ) o f t h e d iv id e n d p a y a b le
,th
?. m o n t h s w h en t h e I n te r e s t o r d iv id e n d Is p a y a b le ; t h u s , " 6 J - J ’ m e a n s 8 % p e r a n n u m p a y a b le J a n u a r y a n il J u ly : c o r r c s p o n d r.’>
«
F e b r u a r y a n q A u g u s t; “ M -S m e a n s M arch a n d .S e p te m b e r , a n d s o o n ; w h ile ” Q - ,|” m e a n s q u a r te r ly b e g in n in g In J a n u a r y
ana
v
uar er (
g nnhi'ih.™ ~i........ r
(T h e d a y w h e n h e I n te r e s D m n is d u e c a n g e n e r a lly b e d e e r m in e d tiv n o tlc in g w h e n h e lo a n s
mnHim - ( t h e qday to f lyh eb emin n in g In F e b r u a r7y . (T h c d ftY vvhcn. lt he I n te r e s tt p aayvm een tt Is d u e c a n g e n e r a lly b e d e tte r m in e d b y n o t ic ln ir w h e n tth e lo a n s
m a t u r e , t h e d a y or t n e m o n th th e r e g iv e n b e in g In m o s t c a s e s t h e s a m e a s for o n e o f t h e I n te r e s t d a t e s )
i j
g ir d e r
T h l?
iltr a ‘ik ». nL;,a n s ln S t r e e t R a ilw a y p a r la n c e a ll t r a c k , w h e t h e r m a in lin e , s id in g , s w it c h o r s e c o n d t r a c k ,
<
m e a n s t h a t e a c h r a il w e ig h s 8 0 p o u n d s t o t h e y a r d .
" R a lls a r e 8 0 ib
NEW
C O M PA N IE S.
The following furnishes a reference to th e volum e an d page of th e “ C hronicle” w here Inform ation can be found concerning a n u m b er of com panies
n o t represented In th is Issue of th e “ E lectric R ailw ay S ectio n.” These a re e ith e r new ly organized com panies th e affairs of w hich h av e n o t y e t
advanced sufficiently fa r to w a rra n t th e p re sen ta tio n of a regular s ta te m e n t regarding th e m , o r else com panies from w hich It has n o t been fo u n d possible
to secure full re tu rn s.
Aberdeen Southern & Huron Ry.—V. 87, p. 1532.
Akron Canton & Youngstown Electric Ry. V. 85, p. 220.
Angelo Power & Traction Co. V. 88, p. 1407.
Asheville Rapid Transit Co. V. 88, p. 503
Atlanta & Carolina Ry. V. 88, p. 1283.
Aurora De Kalb & Rockford RR. V. 87, p. 165, 543, 1603.
Bakersfield & Ventura Ry. V. 83, p. 1227; V. 84, p. 50; V. 87, p. 543.
Bayou Teche Railway & Light Co. V. 86, p. 1528.
Blue Ridge Light & Power Co., Staunton, Va. V. 85, p. 1517, 1576.
Boston & Providence Interurban Electric RR. V. 85, p. 1338.
British Columbia Electric Ry. V. 81, p. 558, 612, 1847; V. 82. p. 1040,
1322; V. 84, p. 803; V. 86, p. 1528; V. 87, p. 1663; V. 89, p. 720, 777.
California Midland RR. V. 84. p. 693, 1051; V. 85, p. 39.
Calumet & Lac La Bello Traction & Power Co. V. 86, p. 1408.
Camaguey (Cuba) Co., Ltd. V. 86, p. 1528.
Carolina Valley RR. V. 87, p. 1532.
Chicago Aurora & De Kalb RR. V. 89, p. 592.
Chicago-New York Air Line. V. 88, p. 1619.
Citizens Electric Co., Eureka Springs. V. 85, p. 1209.
Clarksville (Tenn.) Street Railway & Light Co. V. 80, p. 2457; V. 87, p. 96.
Cleveland Barberton Coshocton & Zanesville Ry. V. 89, p. 410.
Cleveland & Sharon Electric Ry. V. 83, p. 1347; V. 85, p. 1518.
Consolidated Railway & Light Co. of Delaware. V. 86, p. 1099, 1159.
Dallas Interurban Electric Ry. V. 89, p. 593.
Dayton (O.) Street Ry. V. 87, p. 1532.
Delaware & Atlantic City RR. V. 86, p. 856.
Denton (Tex.) Ry. & Light. V. 88, p. 1499.
Detroit Plymouth & Northville Ry. V. 84, p. 1182.
Duquoin Belleville & St. Louis Electric Ry. V. 84, p. 995.
Erie & Union RR. V. 88, p. 1127.
Eayettcville (N. C.) Street Ry. & Power Co. V. 89, p. 1620.
Fitzgerald & Ocilla Elec. Ry. V. 88, p. 1499.
Gainesville (Ga.) Electric Ry. V. 87, p. 1010; V. 88, p. 52, 624, 1436.
Gainesville Railway & Power Co. V. 89, p. 103.
Gainesville Whitcsboro & Sherman Ry. V. 83, p. 492; V. 87, p. 414.
Gary & Interurban Ry. V. 85, p. 1461.
Gettysburg Transit Co. V. 89, p. 721.
Greeley & Northern Railway & Utility Co. V. 86. p. 602.
Huron & Ontario Ry. V. 85, p. 600.
Hutchinson Interurban Ry. V. 85, p. 1645.
Indianapolis Huntington Columbia City & Northwestern Electric Ry.
V. 85, p. 1339; V. 86, p. 337.
Inter-Mountain Ry. V. 88, p. 624.
Inter-State Railway (Missouri). V. 85, p. 1339.
lowa-Missouri Traction & Power Co. V. 84, p. 931.
Ithaca-Owego Traction Co. V. 84, p. 1366.
Kansas-City-Olathc Electric RR. V. 84, p. 158.
Kentucky Railway Traction. V. 89, p. 721.
Kittanning & Cowanshannock Valley Street Ry. V. 84, p. 339.
Las Vegas Ry. & Power Co. V. 88, p. 1061.
Uma-Honeoyc Electric Light & Railroad. V. 86, p. 857.
Lima Urban Ry. V. 84, p . 1551; V. 85. p. 160, 1270; V. 86, p. 1224; V. 87,
p. 1420; V. 88, p. 1253.
Lincoln Railway & Light Co. (Illinois). V. 84, p. 1182.
Mankato Electric Traction Co. V. 86, p. 1409.
Matamoras & Santa Cruz Street Ry. V. 86, p. 857.
IN D E X
P age.
berdeen S o u th ern fc H uron R y __________ 121
dam stow n fc M ohnsvllle E l. R y .— See
U nited T ractio n (R ead in g )............................. 92
A kron W adsw orth & W estern R y .— See N o rth .
Ohio T ra c t. fc L t. Co_____________________ 5
A kron B edford fc Cleveland R R .— See N o rth
ern Ohio T ractio n & L ight Co____________ _ 5
A kron C anton fc Y oungstow n E lectric R y _ 121
_
A labam a C ity G adsden & A tta lla S t. R y ____ 47
A lbany & H udson R R .— See A lbany S o u .R R . 52
A lbany R y .— See U nited T ractio n (Albany) . . 5
A lbany S o u th ern R R _______________________ 52
Alfr. L t. <> Pow er Co.— See A ll. Sh. Line R y -,1 0 5
S
A llegheny fc Bellevue— See Fed. S t. fc I’l. V. _ 94
Allegheny Belle. & Per. R y .— Sec Phlla. C o -- 95
A llegheny S t.— See Federal S t. fc Pleas. V a l.. 94
A llegheny T rac tio n —See Cons’d T rac. S ystem 95
Allegheny V alley S tree t R y _________________ 112
A llentow n El. L. & P .— See Lch. Val. T r a n __ 6
A llentow n fc R eading T ractio n Co----------------- 6
A llentow n & S la tln g t’n — Sec Leli. Val. T r a n . . 6
A llentow n fc South A llentow n Bridge Co.— See
Lehigh V alley T ran sit Co------------------------6
A llentow n fc S o u th A llentow n S tre e t R y .—
Sco Lehigh Valley T ran sit Co-------------------- 6
Alliance Electric R y .— See S ta rk Elec. R R . . . 6
A lton G ranite fc S t. L. T rac. Co.— Sec E ast S t.
Louis & S u b u rb an Co--------------------44
A lton L t. fc T ra c .— Sec E ast S t. L. fc .Sub. Co. 44
A lton R y. Gas fc Elec. L t.— See E ast S t. Louis
& S u b u rb an Co----- ----------------------44
A lton R y. fc 111.— Sec E. S t. Louis & Sub. C o. 44
A ltoona & Logan Valley Electric R y .— See
A m erican R ys. Co_______________________
A m erican Cities R y. fc L ight Co------------------- 12
A m erican R ailw ays Co___________________- - A m esbury fc H a m p to n — See N . H am . Klec.Ry. at)
A m heratA Sunderl’d S t. R y .— See H oly. S t. R y 50
A m sterdam S tre e t R R ................ ........................- - <
>
A nacostla & Po to m ac R iv er R R ____________ HO
A nderson E lectric S t. R y .— See U nion T r. Co. 6
A nderson T ractio n Co...............................
7
Angelo Pow er & T raction . .
______121
A nniston Electric fc Gas Co
....
7
A rdm ore S t. R y .— Sec Cons. T rac. of P lt ts b .. 95
A rlington H eights M otor R y
111
A sbury P a rk fc Sea G irt R R .— See A tlan tic
C oast E lectric R y . ...............
7
Asheville E lectric Co__________
7
A sheville R apid T r a n s it...............
121
A shland (W ls.) L ig h t, Pow er & S tree t liy ’
7
A shland Pow er Co.—See A sh. L. P . & S t Rv
7
A sh tab u la R apid T ra n s it____
y
7
A storia E lectric Co. (O re.)....... ..............
^
A tchison R y . L ight <c Pow er___
S
" " 7
A thens (G a.l E lectric R y ----------------' 7
A tla n ta & Carolina R y ....................
12 1
A tla n ta Consol. S t. R R .— See Ga. R y.& E lec
8
A tla n ta G. L. Co.— See Ga. R y. & E le c ..
. 8
A tla n ta N o rth ern R y .— See Ga. R y. & El. Co. 8
A tla n ta S t. R R .— See Ga. R y. & Elec. C o___
8
A tlan tic Ave. R R .— See B klyn. R apid T ran . 17
A tla n tic C ity f t O cean C ity Co---------------------- s
A tla n tic C ity & Ocean C ity R R .— See A tla n tic
C ity A Shore R R .................................................. 8
A tlantlo City & Shore R R ......... ........ .................... 8
A
TO
Menominee & Marinette Light & Traction Co. V. 86, p. 1225; V. 67, p. 226.
Mexican Tramways Co. V. 87, p. 1160, 1664; V. 88, p. 375, 452, 564.
Meyersdaie & Salisbury Street Ry. V. 86, p. 229.
Mineral Wells St. Ry. & Elec. Lt. Properties. V .85. p. 1462; V. 88, p.564.
Missouri Water. Lt. & Trac. Co. V. 83, p. 1590; V. 84, p. 508; V. 88, p.
1438.
Monterey Fresno & Eastern Ry. V. 85, p. 40.
Monterey & Pacific Grove Street Railway & Electric Power Co. V. 84,
p. 1552; V. 85, p. 346; V. 87. p. 1089.
Monterey (Mex.) Ry., Lt. & Power Co. V. 88, p. 1128.
Montgomery County Rapid Transit Co. V. 88, p. 1620.
Monticello Fallsburg & White Lake RR. V. 85, p. 469.
Mt. Mansfield Electric RR. V. 84, p. 749; V. 85, p. 1646.
Mt. Vernon (Ohio) Railway & Light Co. V. 87, p. 286, 936, 1420.
New Yo k Auburn & Lansing RR. V. 83, p. 156; V. 84, p. 1380; V. 85,
p. 160.
Northwestern Ohio RR. V. 86, p. 1226.
Odessa & Middletown Ry. V. 86, p. 1226.
Ogden Rapid Transit. V. 88, p. 1062.
Ohio River Passenger Ry. V. 84, p. 1367.
Ohio & Southern Traction Co. V. 85, p. 1210.
Pennsylvania & Maryland St. Ry. V. 87, p. 1421.
Philadelphia & Suburban Elevated RR. V. 89, p. 594.
Providence Warren & Bristol RR. V. 88, p. 1129.
Pueblo Tramway. Light & Power Co. V. 84. p. 1308. 1429; V. 85. p. 723
Quebec Railway. Light & Power Co. V. 83. p. 493: V. 85. p. 1402; V. 87
p. 1160, 1602; V. 88, p. 101, 376, 1129; V. 89, p. 42, T22, 915.
Railway^* Light^ Securities Co. (Boston). V. 85, p. 341; y . 8Y, p. 409;
Redlands & Yucaipe Electric Ry. V. 86, p. 1530. Rochester-Corning-Elmira Traction Co. V.86, p.1226; V.87, p.416, 1664.
Rockland South Thomaston & Owl’s Head Street Ry. Co. V. 83 o. 97
V. 84. p. 340, 627; V. 87, p. 1480.
Sabine Tram Co. V. 88, p. 1314.
Saginaw & Flint Ry. V. 87, p. 678.
St. Louis Montcsano & Southern Ry. V. 88, p. 1501.
Sait Lake & Ogden Ry. V. 88, p. 625.
Seattie-Tacoma Short Line. V. 89, p. 412.
Shelbyville & Ohio River Electric RR. V. 83, p. 324; V. 85. p. 347.
Southern Traction Co. of Illinois. V. 89, p. 412.
Southwestern Traction Co., London, Ont. V. 89, p. 666.
Springfield (III.) & Jacksonville Electric Ry. V. 89, p. 44.
Springfield & Washington Ry. Co. V. 86, p. 1531
Springfield Wilm. & Cincinnati Ry. V. 88, p. 1255.
Toledo Ann Arbor & Detroit Ry. V. 83, p. 493; V. 85, p. 347, 470; V. 87,
p. 1358.
Toledo & Chicago Interurban Ry. V. 86. p. 422 915.
Toledo Columbus Springfield & Cincinnati Ry. V. 89, p. 666.
Trenton Lakewood & Atlantic Ry. V. 88, p. 1003.
Washington (D. C.) Spa Spring & Gretta. V. 88, p. 1063.
Washington (Ohio) Traction Co. See Springfield ft Washington Ry.
Watsonville Transportation Co. V. 81, p. 728, 976, 1494; V. 83, p. 215
V. 85, p. 42.
West Shore Traction Co. V. 85, p. 223.
Wetzel & Tyler RR. V. 83, p. 157; V. 86, p. 1161.
Whitehall & Granville RR. V. 84. p. 1369.
Windsor Essex & Lake Shore Rapid Ry. V.86, p.482, 670; V.87, p.1534.
R A IL W A Y S .
P age.
A tla n tic & Suburban R y .............. .......................... 8
A tla n tic C ity & S u b u rb an T ractio n Co.— See
A tlan tic & S uburban R y __________ _____ _
8
A tla n tic C oast E lectric R y . .................. ............... 7
A tlan tic Shore Line R y .............. .............................105
A u b u rn fc N orthern Elec. R I t ______________ 102
A u b u rn & Syracuse Electric R R . .............. ......... 8
A ugusta fc A iken R y .—See N o rth A ugusta
R y. & Im provem ent Co___________________ 9
A ugusta-A iken R y. & Electric Co___________ 8
A ugusta & Colum bia R y _________ _____ _____ 8
A ugusta (Me.) Hallowell & G ardiner R R .—
See A ugusta W Inthrop & G ardiner________ 59
A ugusta (Ga.) R y. & Electric Co....... .............
8
A ugusta W Inthrop fc G ardiner R y .— See
Lew iston A ugusta fc W atervlllc S t. R y _____59
A urora De K alb fc R ockford R R ____________ 121
A urora Elgin & Chicago (w ith m a p )_________ 23
A ustin E lectric R y __________________ _____ _
9
R a d o n & S t. L. R R .— See U n ited R ys. C o ...1 0 3
'-'a k e rsfle ld Gas & Elec. L t. Co.—Sec Pow er
T ran sit fc L ig h t________
9
Bakersfield & K ern Elec. R y .— See Pow er
T ran sit & L ig h t____________________
9
Bakersfield & V entura R y ______________ _ . 1 2 1
B alt. fc A nnap. S h o rt Line— See M aryl’d R ys 9
B altim ore C atonsville & E lllco tt’s Mills Pass.
R R .— See U nited R ys. & Elec. Co_________ 9
B altim ore C ity Passenger R ailw ay—See U nited
R ys. & Elec. Co__________________________ 9
B altim ore Ila le th o rp c & E lkrldge R y ................ 9
B altim ore fc L aurel Elec. R y _______________
9
B altim ore & N orthern E lectric R y .— See
U nited R ys. fc Electric Co_________________ 9
B alt. Sparrow s P o in t fc Chesapeake R y ______ 0
B altim ore Term . Co.— See W ash. B alt. fc A n n .116
B altim ore T rac tio n —See U n ited R ys. & Elec. 9
B altim ore & W ashington T r a n s it.. .
1 16
B angor R y. & Electric Co____
10
B arre fc M ontpelier T ractio n & Pow er . .
..1 0
B ath S tre e t R y .— See Lew iston B run. & B ath . 59
B aton Rouge Electric Co___
_
10
B ay Counties Pow er Co.— See Pacific Gas &
Electric C orporation_________
10 5
B ay Shore T erm inal Co.— See N orfolk & P o rts
m outh T raction Co_____
.
.
.8 1
B ayou Teche R ailw ay & L ight Co .................. 121
B eatrice (Neb.) E lectric Co
B eaum ont T rac. Co.— See S ou th . Elec. Sec. Co. 76
B eaver Valley T rac tio n — See P ldla. Co
. . . 96
Bellalre B ridgeport (O.) & M artin’s Ferry
S tree t R y .— See W heeling T ra c tio n ________ 117
Bellalre S o uth W estern T rac tio n C o ________ 117
Belle C ity Elec. Co.— See Mllw. L. H . & T ___ 67
Bellevue W ater fc Fuel Gas L ight Co,— Sec
Cin. N ew p’t & C ovington L t. & T rac t. C o .. 34
Belton & Tem ple T raction Co________________ 112
Ben Avon & Em sw orth S t. R y .— See P hlla. Co. 95
B ennington fc Hooslc V alley R y .— See •Con
solidated R y ....... .........................................
B ennington & N orth A dam s S t. R y .— See Con
solidated R y _________________' __________ 72
B enton H arbor-S t. Joe R y . & L ighting----------- 10
B ergen Co. T rac .— See N. J . fc H ud. R y. fc F . 48
Bergen T urnpike Co.— See Public Service R y - 71
P age.
B erkeley Elec. L tg .— See Pacific Gas & E lec. .1 0 5
B erkley S t. R y .— See N orf. & P o rts. T r. C o .- 81
B erkshire S tree t R y .................................
73
B eth. fc N azareth— See Leh. V al. T ra n s it___
6
Beverly & D anvers— See B oston & N o r............ 14
Blddeford & Saco R ailro ad ____________
10
Biloxi El. R y . fc Pow er Co.— See G ulfport &
Miss. C oast T rac t. Co________________
48
B ingham ton Lest. & U nion—See B ing. R y . . 1 0
B ingham ton R ailw ay C o . . ..............
10
Birdsboro S t. R y .— See U nited T rac. (R eading) 92
Birm ingham & Gulf R ailw ay fc N avigation C o.115
B irm ingham K noxville fc A llentow n T rac
tion—See P lttsb . & B irm ingham T r . . ..........95
B irm ingham R ailw ay & Electrio— Sec B ir
m ingham R y. L t. fc P ow er________________ 10
B irm ingham R y. L gt. & Pow er_______________ 10
B lack R ock & Salisbury B each— See H av er
hill & A m esbury__________________________ 50
B leecker S tree t & F ulton F erry R R .— See
M etropolitan S t. R y. S ystem ________
77
Bloomfield S tree t— See P ittsb u rg h T r. System 95
B loom ington fc N orm al R y. El. & H e atin g Co.
— See Bloom. fc N orm . R y. & L t__________ 35
B loom ington fc N orm al R y. fc L t. C o . . . ..........35
Bloom ington P ontiac fc Jo lie t Elec. R y ______55
Blue Grass T rac. Co.— See L ex. & In te r. R y . . 59
Blue Hill S tree t R y ________________________ 21
Blue R idge L ight fc Pow er Co., S ta u n to n , V a.121
Boise fc In te ru rb a n R y. Co__________________ 12
B oston & Chelsea— See B oston & N orthern . . 15
B oston E levated R y. (w ith m a p ) . . .
. 12
B oston Mil. & B rock.— See Old Col. S t. R y
15
B oston & N orthern S tree t R v. (w ith map)
14
B oston fc Providence In te ru rb a n Eloo. R R ...1 2 1
B oston & R evere E lectric____________________ 1 5
B oston Suburban E lectric C om panies_________ 14
B oston fc W orcester E lectric C o m p a n ies..-._ 15
_
B oston fc W orcester S tree t R y _____________ _ 15
Boyerstow n fc P o tts. S t. R y .— See U nited T r. 92
B raddock & T u rtle Creek Passenger R ailw ay
— See U nited T rac tio n _____________________ 94
B raintree S t. R y .— See Old Colony S t. R y ____15
B raintree fc W eym outh S t. R y .— See O ld Col
ony S tree t R y ____________________________ 1 5
B rattleboro Gas L ight Co.— See Tw in S ta te s
Gas fc E lectric Co____________________
17
Bridge O perating Co.— See B klyn. R . T r C o. 17
10 rIdgeport(C onn.)T rac.—See C o n n .R y .& L t Co 72
B
B ridgeton E lectric—See A m . R ys. Co. (P hlla ) 87
B ridgeton & MIllv. T r.— See A m . R ys. Co
87
B ridgew ater W hitm an & R ockland S t. R y .—
15
See Old Colony S t. R y _____
Brightw ood R y.— See W ash. R y . & E le c ." C o -Ill 6
B ristol C ounty S t. R y .— See T a u n to n & P aw
tu c k e t S t. R y _____
112
B ristol (Tenn.) Gas fc Electric Co....................... 17
B ristol & PlalnvIUe T ram w ay (Conn.) _
_
17
B ritish C olum bia E lectric R y .............................. " 1 2 1
Broad R ipple T rac tio n ....................
52
72
B ’w av & 7th A ve. R R .—See M et. S t. R y . Sy’s. 77
B roadw ay Surf. R R .— See B ’y & 7th A v e.R R . 77
B rockton B ridgew ater & T a u n to n S t. R y .—
See Old Colony S t. R y ..........................
15
B rockton & E a st B ridgew ater S t. R y .—See
Old Colony S t. R y .....................................
15
P a g r.
B rockto n St P ly m o u th S tree t R y ____________ 06
B rockton S tre e t R y .— See Old Colony S t. R y . 15
B ronx T ractio n Co.— See T h ird A ve. R y ------- 70
B rooklyn B ath A W est E nd R R .— See B .R .T . 17
B rooklyn & B rig h t. Beach— See B klyn. R . T . 17
Brooklyn Cable Co.— See N assau E lectric____18
B rooklyn C ity & N ewtown R R .— See Coney
Island & B ro o k ly n ------------------------------------ 10
B rooklyn C ity R R .— See B rooklyn R ap. T ra n . 17
B rooklyn C rosstow n R R .—Sec Brooklyn R .T . 17
B rooklyn H eights R R .— See Brooklyn R. T . . 17
B rooklyn Q ueens C ounty & S u b u rb an R R .—
See B rooklyn R apid T r a n s it.................
17
B rooklyn R ap id T ran sit (w ith m a p )_________ 17
B rooklyn U nion E lev ated ________ ______ ____ Is
B row nsville A venue S tree t R y .— See P itts . St
B lrm . T rac tio n Co_______________________ 05
B runsw ick T ra c .— See Public Service R y _____71
Bucks C ounty Electric R y _____________
81
Buffalo Bellevue St L an caster R y .— See In te r
na tio n a l T r a c tio n .............................................
20
Buffalo & D epew R y _______________________ 10
Buffalo D u n k irk & W estern R R .— See Buffalo
St Lake Erie T ractio n C o..................
..1 9
Buffalo E a st Side S t. R y .— See In te rn . T r a c . . ?0
Buffalo G ardenvllle & E benezer R y .— See
Buffalo S o u th ern R y _______________
10
Buffalo Genessee & R o ch .— See Buff. & Depew. 19
Buffalo & L o c k p o rtS t. R y .— See In te r. T r a c . 20
Buffalo H am . & A u r.R y .—See B uff.South R y . 19
Buffalo & L ack aw an n a T ractio n C o . ________ 10
Buffalo St Lake Erie T ractio n C o ----------------- 19
Buffalo L o ck p o rt & R ochester R y ---------------- 19
Buffalo & N iagara Falls Electric R y .— See I n
te rn a tio n a l T r a c tio n _____________________ 20
Buffalo R y .— See In te rn a tio n a l T ra c tio n _____20
Buffalo St R ochester R R .— See Buff. & Depew 19
Buffalo S o u th ern R y _________
19
Buffalo T o u aw an d a St N iagara Falls E lectric
R R .— See In te rn a tio n a l T rac tio n _________ 20
Buffalo T rac tio n .— See In te rn a tio n a l T rac tio n 20
Buffalo & W llllam sville E lectric R y _________ 19
B urlington C ounty R y __________
69
B urlington (Iowa) R y. St L ig h t Co.— See Peo
ple’s Gas & Electric Co____________________ 20
B urlington (V t.) T ra c tio n ..........................................20
B u tte E lectric R y ......................
20
airo E lect. & T ra c t.— See Cairo R y . & L t._ 20
alro R ailw ay & L ight Co......................................20
Cairo & S t. Louis R y ...............
20
Oalals (Me.) S tree t R ailw ay _________________ 20
C alifornia C entral Gas St Electric Co.— See
R Pacific Gas & E lectric C o rp o ratio n ......... ...... 105
C alifornia Gas & Electric C o rp o ratio n .— See
Pacific Gas St Electric C o_________________ 105
California M idland R R ............................................ 121
C alifornia Pacific R y .— See Los Angeles In te r. 62
C alifornia S tree t C able......................
106
C alum et Elec. S t. R y .—See C al.& S o.C h lc.R y . 23
C alum et & Lac la Belle T rac. & Pow er Co___ 121
C alum et St S o u th Chicago R y .................................23
C am aguey (Cuba) C om pany. L td ----------121
C am den G loucester & W o odbury R y .— See
P ublic Service R y ____________
71
C am den H orse R R .— See Cam den St S u b u rb an 71
Cam den In te r-S ta te R y .— See Ohio Valley
E lectric R y ............................................................. 52
C am den St S u b u rb an R y .— See P u b . S erv.C or. 71
C am den St T ren to n R y ....................................... __ 88
Canal & Claiborne R R .— See N. O R y. & L t . . 74
C anarsle R R . C o.— See Brooklyn R ap . T t a n . . 17
C anon C ity Florence & R oyal Gorge I n te r .R y . 21
O anton-A kron Cons. R y . . .............. ............... ._
5
C anton-A kron R y .— SeeC an.-A k r. Cons. R y . . 5
Canton-M asslllon E lectric R y .— See C antonA kron Cons R y ....................................................... 5
C anton-N ew P h ilad elp h ia R y .— See C antonA kron Cons R y .............................................
5
C ape M ay Del B ay & Sewell’s P o in t Elec. R y . 21
C apital T ra c tio n ................
116
C arbondale R y .— See Scranton R y ........................87
C arbon S treet R y .— See C arbon T ran sit Co___ 66
C arbon T ra n sit C o ..................................................... 66
Carolina P ow er St L ig h t Co..................................... 100
Carolina V alley R R . ....................
121
Cass A ve. & F a ir Gr. R y .— See U nited R ys .C o.103
C ath a rin e * B alnbrldge S ts .R y .— See U n .T rac. 89
C ayuga Lake E lectric Ry —See Ith a c a S t. R y . f>5
C edar R apids St Iowa City R y. St L ight Co— 21
C edar R apids & Marlon C ity R y - - - - ............-- 21
C entral California Electric Co.— See Pacific
Gas St Elec. Co___________________________ 105
C entral C alifornia T ractio n C o-----------------------112
C entral Crosstow n R R .— See Met. S t. R y. Sys. 78
C entral E lectric Co.— See Som erset U nion &
Middlesex L ighting Co------- -----------. . . 70
C entral Elec.— See Sacram en to Elec. G. & R y.105
C entral Elec. R y . (K a n .)— See K . C. R y . & L t. 55
C entral K en tu ck y T rac tio n Co.— See L exing
to n & In te r. R ys______________ _________ 59
C entral M arket S t. R y .—See Colum bus T rac.C o. 32
C entral Mass. E lectric_______________________ <3
C entral P a rk N orth & E ast R iv er R R .— See
M etropolitan S treet R y. S y ste m .............. ...... 78
C entral Pass. R y .— See Louisville T rac. Co. . 62
C entral P a s s .R y .C o .— See A tl.C I ty A S h .R R . 8
C entral Passenger R y .—See Central T r a c tio n .. 95
C entral Pen n sy lv an ia T ractio n C o...................
49
C entral R y .—See U nited Railw ays & E lectric. 9
C entral R y .— See Peoria R y. a n d M ap_______85
C entral R y . T erm . Co.— See Met. W est Side El. 26
C entral T rac tio n .— See Consol T rac. S y ste m . 95
C entral T rac tio n .— See Sioux City T r a c tio n ..1 10
C ham bersburg & G etty sb u rg Electric R y ____ 21
C ham bersb. G reencastle & W aynesb. St. R y . . 21
C harleston C ity R y .— See C harleston Consoli
d a te d R ailw ay Gas & E lectric------------------- 21
C harleston C onsolidated R y. Gas & E le c tric .. 2<
C harlotte E lectric Ry. Light & Power Co_____21
C hattaho o ch ee Falls Co.— See Col. Elec. Co— 32
C hattanooga Elec. R y .— See C h att. R y . & L t . 21
C hattanooga R ys. Co.—See C h att. R y . & L t . . 21
C hattanooga R ailw ay & L ig h t______________ 21
C h au tau q u a T ractio n Co...................................
55
C hester D arby & P h lla.—See C hester T r » c . .. 92
C hester & Media Elec. R y .—See C hester T rac. 9
C hester Street R y .— See C hester T rac tio n . . . . 9'i
C hester T rac tio n —See W llm. St Ches. T rac. Co. 92
Chicago A urora & De K alb R R _____________ 121
C hic. Bloom. & D ecatu r R y .— Sec 111. T rac. Co. 37
Chicago C ity R y .................
23
Chicago Cons. T rac tio n — Sec Chicago R ys. Co. 25
Chicago & Desplatnes V al.—See Am. R ys. C o. 87
Chicago E lectric T ra c .— See Chic. & So. T rac . 23
Chicago E lectric T ran sit— See CMc. Rvs. C<■ . :6
.
C hicago G eneral R y .— See So u th ern S treet R y. 27
Chicago & Jefferson U rban T ran
See Chi Rvs 26
C hicago & Jo liet E lec.R R .— See Am. R ys. C o. 87
Chicago Ju n ctio n R R .— See So. Side Elec. R R . 2~
Chicago Lake Shore * South Bend R y _______ 67
Chicago & M ilwaukee E le c tr ic ........................... 23
Chicago & New York A ir L in e........................... .121
Chicago & N o rth Shore St— See Chic. R ys. Co. 26
Chicago St O ak P ark E levated R y ....................... 26
Chicago O tta w a & Peo ria R j ...................................84
C
P age.
Chicago Pass R y .— See Chicago R y s. Co____ 25
Chicago R ailw ays Co. (w ith m a p )....................... 25
Chicago & S o u th ern T raction Co____________ 23
Chloago South Bend & N orthern In d ia n a R y .llo
Chicago Union T rac tio n — See Chic. R ys. C o .. 25
Chicago W est D lv. R y .— See Chic. R ys. C o .. 25
C hippew a V alley R y. L ight & P ow er________ 44
C hoctaw Railw ay & Lighting C o____ _____ _ 63
C hristiana & C oatesvllle S t. R y .— .See L ancas
te r R ailw ay & L ight Co___________________ 59
C hristopher * T e n th Streets. R R .— See M etro
p o litan S tree t R ailw ay S y s te m ......................... 78
Clceto & Proviso S treet R y .— See Chic. R ys. Co 26
C incinnati & C olum bus T raction Co_________ 27
C incinnati C ovington & E rlanger.— See Cin
cin n ati N ew port & C ovington....... ....................... 34
C incinnati D ayton & Toledo T raction Co_____33
C incinnati G eorgetow n & P ortsm outh R y ___ 27
CIn. & H am . T ra c t C o — See Ohio T ra c t. Co 29
C incinnati L aurenceburg & Aur. Elec. S t. Ry_ 29
C incinnati Milford & Loveland T ra c tio n ______29
C incinnati N ew port & C ovington L t.& T r.C o .. 34
C incinnati N o rth ern 1
’ractlun Co— See Cincin
n ati D ayton & Toledo T raction Co________ 33
C incinnati S tree t R y.— See C incinnati T ra c _ 29
_
C incinnati T rac tio n Co _________ ____________ 2i*
C itizens’ Elec. Co.. E ureka Springs, A rk_____ 121
Citizens’ Electric Co.— See Som erset U nion &
Middlesex L ighting C o .____ _______
70
C itizens’ Elec. L ight St Pow er Co.— See E ast
S t. Louis & S uburban Co_________________44
C itizens’ E lectric R ailw ay Light & Pow er Co.
See Mansfield Railw ay Light St Pow er C o .. 31
C itizens’ Elec. S t. R y ., N ew buryport, M ass.. 49
C itizens’ Passenger R y .— See H arrisburg T rac. 49
Citizens’ Pass. R y. (P h lla .)—See Union T r a c . 89
C itizens’ Railroad Light & Pow er Co. (Flshklllo n-H udson)— See Flshklll E lectric R y .............45
Citizens’ R ailw ay (W a c o ,T e x .).............................115
Citizens’ R ailw ay Light & Power— See N ew port
News & Old Point R y. & E lectric_________ 49
C itizens’ R y. St L ight Co. (F t. W o rth )_______ 46
C itizens’ R ailw ay & L ight Co.— See M uscatine
69
Light * T raction C o ....................................
Citizens’ R y . Co. (L incoln,N eb.)— S e e L ln c .T r. 60
Citizens’ R y. Co. of Venice'— See 111. T ra c tio n . 35
C itizens’ R apid T ra n s it.— See Nashville R y .. 69
Citizens’ S tree t R y. (Indianapolis, In d .)— See
Indianapolis S tree t R y .............................
52
C itizens’ S tree t R R .—See M emphis S treet R y . 67
Citizens’ S treet R ailw ay (M uncle, In d .)— See
Union T ractio n of I n d ia n a .............................. 6
Citizens’ T ra c tio n .—See Consol. T rac . S ystem . 95
Citizens T ractio n C o., Oil C ity ________________ 83
City Electric R y. (P ort H uron, M ich.)— See
D etroit & P o rt H uron Shore L ine...................42
C ity Electric R y. (R om e, G a.)— See Rome
R y . & Light C o....................... ............................. 102
City & Flm Grove R ailroad Co_______________1 1 7
City R ailw ay (D a y to n , Ohio) .............................. 39
City Railw ay C o.— See City & Elm Grove R R .1 1 7
City St S u b u rb a n .— See U nited R ailw ays &
Electric Co. of B altim ore____________ _____ 9
C ity St S u b u rb an R y.— See P o rtlan d R y _____98
C ity St S u b u rb an R y. (W ashington, D. C .)_ 116
_
Clarksville S tree t R ailw ay St Light Co---------121
Cleveland B arb erton Coshocton & Zancsv. R y.121
Cleveland Berea E lyria & Oberlln R y.—See
Clevela'.
o u t ''” extern * C olu m b u s.. __ 31
Cleveland & Chagrin Falls E lectric—See E a s t
ern Ohio T ractio n Co.................................
31
C leveland C ity R y.— S e Cleveland R y .............. 29
Cleveland St E astern R y .— See E a ste rn Ohio
T rac tio n C o . ..............................................
31
Cleveland Electric R y .— See Cleveland R y ___ 29
Cleveland E ly ria & W estern .— See C leveland
Southw estern St Colum bus R y ....................... 31
Cleveland Palnesvllle St A shtabula R R _____ 3 '
Cleve. Palnesvllle & E astern R R . (w ith m a p ). 31
Cleveland R ailw ay C o m p a n y ________________ 29
Cleveland & Sharon Electric R y ...................... . 121
Cleveland & Southw estern T raction C o.— See
Cleve. So. St Col. R y _____________________ 31
Cleveland Southw estern St Colum bus R y . _ . 31
Cleveland Y oungstow n & E a ste rn —See E a s t
ern Ohio T rac tio n C o______________________ 31
Clifton Suspension B ridge.— See In te rn a t. T r . 20
C linton S treet R y ___________________________ 32
Coal Belt E lectric R ailw ay C o.............................. 66
Coal Castle E lectric R y .— See E . P enn. R y s .. 98
Coalville P assenger—SeeW ilkes-B .& W .V a.T r. 92
Coast C ounties Light & Pow er C o ........ ............. 108
Coeur d ’Alene & Spokane R y .— See Spokane
& In la n d Em pire R y _____________________ m
Cohoes R y .— See U nited T raction Co..........
5
Colonial C ity T ra c tio n —See K ingston Con. R R .58
Colorado Springs St In te ru rb an R y __________ 32
Colorado Springs R apid T ra n s it.— See Colo
rad o Springs * In te ru rb a n ------------------Colum bia S. C .t Elec S t. R y. L ight St Pow er. 32
C olum bia St M ontour E lectric R y __ __ .
. 12
Columbia Pow er, L ight St R y s.— See C olum bia''
& M ontour E lectric R y ___________________ 12
Colum bia R ailw ay ........................
116
C olum bia W ater Pow er Co.— See Columbia
E lectric S treet R y. L ight & Pow er C o............ 32
Colum bus B uckeye Lake & N ew ark T raction.
—See C olum bus N ew ark St Zanesville_______ 33
C olum bus, O ., C onsolidated S treet R y.— See
Colum bus Ry & Light __ _____ _______32
Columbus D elaw are & Marlon Elec. R R ______34
Columbus D elaw are & Marlon R y ....................... 34
Colum bus Edison C o.—See Col. R y. & L t. C o. 32
C olum bus (Ga.) Electric C o_____________
Columbus L ight. H eat & Pow er Co___________ 33
Columbus (Ga.) Pow er Co.— See Col. Elec. C o. 32
Colum bus (Ga.) R R .—See C olum bus Elec. Co. 32
Colum bus G rove C ity & Southw estern R y .—
_
See In d ian a C olum bus & E a ste rn _ ______ 33
C olum bus London St Springfield R y .—See In
dian a C olum bus & E astern ______________ 33
Colum bus M agnetic Springs St N orthern R y _ 39
_
Colum bus M arlon St Bucyrus R R . Co________ 34
C olum bus New A lbany St Johnstow n T rac. C o. 34
C olum bus N ewark & Zanesville Electric Rv.__ 33
C olum bus & N in th A ve.R R .—See M et.S t.R y . 77
Colum bus N orthern R y ., Pow er & E q u ip m en t. 34
C olum bus Pow er Co_____________ _____ _____ 32
Colum bus R y .—See Columbus R y. & L t. C o .. 32
C olum bus R ailw ay & Light Co............................ 32
Colum bus T raction C o.—See Col R y. A L t.C o. 32
C om m onw ealth A venue S tre e t R y .— See Mid
dlesex <r B oston S tree t R y _______________ 14
S
C om pton H eights Union Depot & M erchants’
T erm inal R y .— See U nited R ailw ays S y s te m l03
Concord M aynard & H udson S tree t R y ______67
Concord S treet R y ............
34
Conev Island & Brooklyn R R ____________ . 19
Coney Island St G ravesend.— See B klyn. R . T . 17
Conestoga T ra c tio n .—See L an. Co. R y. & L t . 58
C onneaut St Erie T raction Co............................. .. 34
C onnecticut C om pany — See Consolidated R y . 72
Connecticut Rv. & L tg .—Sec C onsolidated R y. 72
C onnecticut V alley S treet R ailw ay ..... ............... 82
Connellsvllle S u b u rb an S tree t R y .—See W est
P en n R ailw ays C o --------- ---------------------------96
P age.
Conshohocken R y .— See Schuylkill V alley____91
Consolidated R ailw ay Co. (New H a v en )_____72
Consolidated R y. & Light Co. of D elaw are----- 121
C onsolidated R ailw ays L ight & Pow er Co.
(W ilm ington. N. C .)........................................ -.1 1 7
C onsolidated R ailw ay St Pow er Co.— See U tah
Light & R ailw ay_________________________ 103
C onsolidated T raction of New J e rse y ------------ 71
C onsolidated T raction of P ittsb u rg h , P a ------- 95
C ontinental Passenger R y .—See Union T r a c . . 89
Coplay E gypt & Iro n to n .—See L Val. T r a n . . 6
Corning St P a in te d Post S tree t R y ..................... 34
Corrigan Cons S t. Ry. -See K. C. St. R y. & L t 55
C ortland C ounty T ra c tio n __________________ 34
Cross Island T rac tio n .— See South Shore T ra c . 84
Crosstown S t. R y. (B uffalo)— See In te r. T rac . 20
Crosstown S t.— See Columbus R y. & L t. C o .. 32
C um berland St W estern p o rt Elec. R y ________ 35
f \ a l l a s E lectric C o rporation------------------------ 35
D a lla s In te ru rb a n Electric R y ...............
121
D anbury (Conn.) & Bethel S tree t R y _______ 35
D anbury St Harlem T raction C o .____________ 35
Danville & E ast. Ill R y .— See 111. T ra c t. C o .. 37
Danville & E d w a rd svllle Term . R R . Co.— See)
S t. Louis & N orth E astern R y. Co_________ 37
Danville (111.) S treet R y. & L ig h t....................... 35
D anville U rbana <s C ham paign R y ____________37
5
Darby Media & C hester Ry. -See Phlla R a p .T . 88
D arby & Y eadon S t. R y .— See P h lla. R . T _ 89
_
D artm outh St W estp o rt S t. R y ., New Bedford 71
D avenport & R ock Isl. R y .— See T rl-C lty R y.
& Light C o______
39
D ayton C ovington & PIqua T ra c tio n -------------- 39
D ayton & Muncle T raction Co.— See Indiana
Union T raction C o .______________
6
D ayton & N orthern T rac tio n Co.— See In d ia n a
Colum bus & E a s te rn -------------------------------- 33
D ayton & Soldiers’ H om e R R .—See C ity Ry_ 39
D ayton Springfield & U rbana Elec. R y .— See
Ind. Col. St E a s t------------------------------------- 33
D ayton (O.) S tree t R y . . ....................................... 121
D ayton T rac.— See CIn. D ay. St Tol. T rao. C o. 33
D ayton St Troy E lectric______________________39
D ayton & Troy T rac tio n — See D ay to n Coving
ton & PIqua T ra c tio n ________________
D ayton & W est. T ra c .—See In d . Col. & E a st. 33
D ayton St X enia T ran sit Co_________________ 39
D ecatur Gas & Elec.—See D ecatur R y. St L t . 37
D ecatur Railw ay & L ight C o ................................. 37
D ecatur T rac. St E lec.—See D ecatur R y. St L t. 37
Delaware & A tlan tic City R R _______________ 121
D elaware C ounty & Philadelphia E lect. R y .—
See U nited Pow er & T ra n s p o rta tio n _______ 91
Denison & S herm an R y _____________________ 39
D enton R ailw ay St L ig h t___________________ 121
D enver City R R .— See D enver C ity T ra m ___ 39
D enver C ity T ram w ay (w ith m a p )........................39
D enver Consol. T ra m .—See D enver C ity T ram . 39
D enver & N orthw estern R y _______
39
D enver T ram w ay Pow. Co.— See D en.C y.T ram 41
D erby S tre e t R y .— See Conn. R y. St L tg . C o. 72
Des Moines C ity R y __ _______ _____________ 41
Des Moines S t. R R .— See Des M. C ity R y ___ 41
Des Moines S u b u rb an R y.— See Des M. C ity . 41
Deplalnes Val. Elec.—See Am. R y s. Co--------- 85
D etroit C ity R y .— See D etroit U nited R y ____41
D etroit Citizens’ S t. R y .— See D et. U nited R y. 41
D etroit E lectric R y .— See D etroit U nited R y . 41
D etroit Jackson & Chicago (with m a p ) ............. 42
D etroit & F lin t—See D etroit U nited R y _____42
D etroit F ort W ayne & Belle Isle R y .— See
D etroit U nited R v _______________________ 41
D etroit Jackson & Chicago___________________ 42
D etroit St Lake S t. Clair R R .— See D e tro it Sc
Port H uron Shore L ine....................... ............... 42
D etroit Monroe & Tol. S h o rt Line R y .—
See D etroit U nited R y ____ _______________ 42
D etroit & N o rth w .—See D etroit U nited R y .. 41
D etroit P lym outh St N orthvllle R y ................. ..1 2 1
D etroit & P ontlan R y —See D etr It U nited R y 41
D etroit & P o rt H uron Shore Line (w ith map) - . 4 2
D etroit R y.— See D etro it E lectric R y . ............ 41
D etroit R ochester Romeo & Lake O rion— See
D etroit St F lint R y ........... - ............... ............. 42
D etroit Sub. R y .— See D etro it Citizens* R y _ 41
_
D etroit U nited R y. (w ith m a p )--------------------- 41
D etro it U tica Sc Rom eo Elec. Co.— See D et. U n 4 2
D etroit Y psllantl Ann A rbor & Jackson R y . . 42
D lghton Som erset St Sw ansea S t. R y .— See
Old Colony S t. R y ....... ........................................ 15
Dominion Pow er & T rans. Co................................ 118
Donora & Eldora S treet R y .— See P itts . M c
K eesport St W estm oreland........................
66
Dover Gas L ight C o.— See Tw in S ta te s Gas Sc
Electric C o......................
17
Dover Som ersw orth Sc R ochester— See New
H am pshire T ractio n C o___________________ 60
32
Doylestown & E aston S t. R y .— See P h lla. &
Easton Electric R R .......................................— 42
Doylestown & W illow G rove R y .— See P h ila
delphia R apid T ra n sit C o........................
89
D. D. E. B’dw ay Sc B a t.— See T h ird Ave. Sys_ 79
Du Bols E lectric Sc T raction Co---------------------42
D uquoln Belleville & S t. Louis Elec. R y ----- 121
D uluth S t. R y .—See D uluth Superior T r a c t . . 42
D uluth-S uperior T r a c tio n .------------42
D unkirk & Fredonla R R .— See Buffalo & Lake
Erie T raction C o______________ - .................... 10
D unkirk S treet R y ------------------------- — ------- 44
D uquesne T rac tio n .— See Consol. T r a c tio n .. 95
ast C leveland R y .— See C leveland R y ..........29
aste
0
32 rn New Y ork R R ____________________
Eastern Ohio T ractio n -------------------------— 31
E astern Pennsylvania R ys. Co. (w ith m a p )— 98
E astern W isconsin Ry. & L ight C o------------------46
East H. Pass.—See H arrisburg T ra c tio n ----- 40
East H artford & G lastonbury S tree t R R .—
See C onsolidated R y - - - - - ............- ...........— 72
East Jersey S t.R y .—See Public Service R y . . . 70
East Liverpool T rac. & Light Co------------------- 44
East Middlesex S tree t R y ..................................15
East R eading Elec. R y .—See R eading T ra c t
02
E ast S t. Louis Sc S uburban Co. (w ith m a p )___ 44
E ast Side Elec.(K an.C ity) .— See K. C. R y.& L . 55
E ast Side T raction Co.—See Syracuse R . T ._ 101
Easton Sc B eth’hem T ra n .— See Eas. C on.E lec. 44
Easton Con. Elec_____ ______________ _____ 44
Easton Palm er & B ethlehem Elec. R y .— See
E aston Consolidated E lectric______________ 44
Easton & S outh Beth T ran s. Co.—Seo E aston
Consol Elec. C o ____
_______ _____ . . 4 4
Easton T ran sit Co.— .See E aston Con. E le c tric . 44
Eau Claire Light & Power Co.— Seo C hlpp.
Val. R y. L t. St P ow er__________ __________44
Edison Electric of New O rleans—See N . O.
74
Railw ay St Light C o______________
Edison Elect. III. Co. of L ebanon, P a .— Seo
U nited Power St T ra n s p o rta tio n ________ - 91
Edison Electric Ilium . Co.— Sec L ancaster
C ounty R y. & L ig h t........................................... 68
Edw ards Hotel & City R R . C o ---------------------- 55
Eighth Ave. R R .— See M etropol. S t. R y. S y s . 78
Electric C ity R y .— See In te rn a t. T rac. C o.__ 20
Electric T ractio n (P hlla, P a .)— See U n. T r a o .. 89
E
39
Page
Elgin A u ro ra & S o u th ern T rac tio n — See A u
ro ra Elgin & C hicago-----------------23
E lizab eth Plainfield A C entral Jerse y — See
P ublic Service R y ..................................................... 71
E lizabeth & R a rita n R iv er S tre e t R y .— See
P ublic Service R y ..................................................... 71
E lizabethtow n & Florin S tree t R y ------------------- 59
E lm ira & Seneca L ake— See E lin lra W ater
L ight & R R ________ __________ ________ - 44
E lm ira W a te r L ight A R R ..................
44
Elm S t. C onn. R y .— See M et. S t. R y .................77
Elmwood Ave. A T on. E lec t.—See I n t. T r a c . 20
El Paso E lectric Co................................ - ............... 45
Elwood E lec t.—See Union T ra c t, of In d ------6
E lyria G rafto n & S o u th e rn —See C leveland
South W estern & Columbus Ry — ------------ 31
E ly ria & O berlln—Sec Clev. S W . A C ol----- 31
E m pire Pass. R y .— See Union T rac. S y s te m .. 89
Entleld A Longm eadow Elec. R y .— See H a rt
ford & Sprln g ileld------------------------------------ 114
E p h ra ta & A dam stow n R y .— See L an c a ste r
69
Co. R y . & L t. C o........................
Erie Electric M otor Co.— See Buffalo & Lake
Erie T rac tio n C o--------------------------------------- 19
Eric R ap id T ra n sit Co.— See Buffalo A Lake
Erie T rac tio n Co--------------------------------------- 19
Erie T rac tio n C o............................................................45
E rie & Union R R ----------------------------------------- 121
E scam bia Co. L t. & P . Co.— See P ensacola
E lectric C o____ __________
85
Essex E lect. S t. R y .— See B oston A N o rth e rn . 14
Essex & H udson Gas Co.— Sec P ub. Serv. Corp. 70
E van sto n (111.) Elec. R y .— See Chic. R y s. Co. 26
E vansville A E ast. Elec. R y .— .See E v . Rys.Co. 45
E vansville E lectric R R .—See E vansville &
So. In d . T ra c tio n .. .
................................
45
E vansville L ight Co.— See U n. R y ., G. & E .C o .lll
E vansville A Mt. Ver. Elec. R y .— See E vans
vllle R y s. Co........................... - ........................ .. 45
E vansville A Princeton T ractio n Co.— See
E vansville & Southern Indiana T r a c tio n .. 45
E vansville R y .—See Evansville R y s. Co------- 45
Evansville R ailw ays C o......................... ..................45
E v an s die P rinceton & Vincennes In te r. R y .—
See E vansville A S outhern In d ian a T rac . Co. 45
E vansville Su b u rb an & N ewburgh Ry ......... 45
ISvansv. A S o u th ern Indiana T rac tio n Co. — 45
E vansville T erm . R y .— See Evansville R ys.C o. 45
E v e re tt R y A E lectric Co.— Sec E v e re tt R y.
L ig h t A W ater C o------- --------- ........................109
E v e re tt Rv , Light * W ater C o ............... ........ 10 i
E v e re tt W a te r Co.— See E ver. R y . L t. & W at.1 0 9
E x e te r H am p to n Elec. Co.— See New H am p
shire E lectric R y s------- ------------------------------ 50
a lr'IIa v c n A W estvllle R R .— See Cons. R y . 72
a lrm o n t A C larksburg T raction C o .............. .. 45
F a lrm o u n t P ark A H addington Pas
R y .—
See H estonvllle M antua A F a lrm o u n t..........90
F a lrm o u n t P a rk T ran sp o rta tio n Co......................87
Fargo & Moore head Street Rv Co _ -----------45
F a rm in g to n S tre e t R y .— See Consol. T ra c ------72
F aye tte v ille (N . C.) S t. R y . A Pow er------------ 121
Federal S treet A Pleasant Valley R y.— See
U n ited T ractio n S y stem , P ittsb u rg h ______94
Felicity A Bethel R R ................
. . ---------- 27
Ferries A Cliff House R y .— See U nited R R . of
San F ran c isco ........... .......... ................. — ----- 108
Findlay S treet R y .— See Toledo Bowling Green
A S outhern T ra c tio n -------------------------------- 11 1
Flshklll Electric Ry ....................
45
F itch b u rg A L eom inster S tree t R y ---------------- 45
F itzgerald A Ocllla Electric R y ....... ............. ...... 121
Flusnlng A College P o in t Elec. R y .— See N . Y.
& Queens C o. ■
-.............. ........................... .........60
Fond du Las & Oshkosh Elcc. R y .— See E a s t
ern W isconsin Ry. A Light C o......................... 46
Fond du Lac S t Ry. A L ight.— See E astern
W isconsin Ry. A Light C o .......... .............— 46
F orest C ity S treet R y .—See Cleveland R y ___ 29
F o rt Dodge Des Moines & Southern R R .— See
“ R ailro ad an d In d u stria l” Section.
F o rtG eo rg eA El ve th Ave R R .—S eeM et.S t.
R y .S y s .....................
....................... 78
F o rt P itt T ra c tio n —See Consol. T rac . (P itts.) . 9 5
F o rt S c o tt Gas A Electric C o________________ 46
F o rt S m ith Light A T ractio n C o— .............
46
F t. W avne Bluffton & Marlon T ractio n C o ... 46
F o rt W ayne A Sprlngileld Ry. Co....... ............. 46
F o rt W ayne T ractio n Co —See F t. W ayne
W abash Valley T raction Co - — .............. 46
F o rt W ayne Van W ert A Lima T rac. Co____ 33
F o rt W ayne & W abash Valley T rac. Co------ 46
Forty-second S treet A G rand S treet Ferry
R R .— See M etropolitan St. Ry S y s te m ... 78
Forty-second St M anhatv. & S t. Nicholas Ave.
R y .— See T h ird Avenue S y s t e m .................. 70
Fox R iver Elec. Ry. & Pow er.— See Green Bay
T ractio n C o......... ........................ - .................. 48
F ram in g h am S o u thboro A M arlboro S treet
R y .— See Boston A W orcester E l e c tr ic __ 16
Fram in g h am Union S treet R y .—See Boston A
W orcester Electric C o s--------------- ----------- - 15
F ran k fo rd A S o uthw ark Passenger R y .— See
U nion T raction System ................ - - 89
F ran k lin C ounty— See H agerstow n A N o rth ’n 49
F rederick In te r. R R .—See Fred. A M ld .R R -- 47
Frederick & M iddletown R R ------------------------ 47
F ree p o rt R y ., Light A Power C o -------- ---------47
Fresno C ity R y —See Fresno T ractio n Co----- 47
Fresno T ractio n C o ..........................
47
Fresno Gas & Electric L ight Co.— See Pacific
Gas & E lectric C orporation----------105
F ro n t & 5th St. R y .—See U n lt.T ra c .(Reading) 92
F ro n tie r Elec. R y. —See In te rn a t. T rac. Co
2u
F ro stb u rg E ck h ard t A C um berland Elec. R y.
— See C um berland A W este rn p o rt..........— 3'r
>
F u lto n E lev ated — See Brooklyn R ap . T r a n — 17
F u lto n S tree t R R .— See Met. S t. R y. S y ste m . 78
F
Page
Georgia Elec. L ight Co.— See Ga. R y . & E l . . 8
G eorgia Ry. A Electric Co.................................... 8
G erm antow n Pass. R y.— See U nion T rac . S y s . 90
G etty sb u rg T ran sit Co----------- ----------.121
Glr rd Coal B elt E lec.— See P itts . & K an.
C ity R y
---93
G len's Falls Sandy Hill & F t. E dw ard S tree t
R R .—See Hudson Valley R y . . .................... 5
Globe Street R y .—See Old Colony S tree t R y . 15
G loucester Essex A B everly— See Bos. A N o . 14
G loucester A R ockport— See Boston A N o r .. 14
G loucester S t. R y .— See B oston A N o rth e rn . - 14
Goff's Falls Llteh. A H ud.— See M an. T rac.
Lt & pow er
____________________ - _____ 66
G rand R apids *Gd*. "H aven & M uskegon R y . . 48
G rand R apids H olland & Chic. R y - - - ----- 48
G rand Rapids H olland A Lake M ichigan R y.
—See Gr. Rapids H olland A Chicago R y . . 48
G rand Rapids R y ------- ---------------------- -------- f8
G rand S t. A N ewtown—See B kln. R ap . T r a n . 17
G ravs H arbor Ry. & Light Co ...........................
5
G reat Falls & Old Dominion R R . Co...................116
G reat Falls (M ontana) Street R y ----------------- 48
G reely A N orthern R ailw ay A U tility Co------- 121
Green Bay Gas & E lect. Co.— See G reen B ay
T ra c tio n ............- - - - ............................................... 48
Green Bay T raction Co
- - - - - - .............. 48
Greene & Coates Sts. Philadelphia Passenger
R y —See Union T ractio n S y stem -------------- 90
Greenfield Deertleld A N o rth a m p to n S t. R y.
------------------- . . . 82
—Conn. Valley S t. R y .
G reenfield A T urner s F alls S t. R y .— See
Conn. Valley S t. Ry ----------------------------- 82
G reenp. A Lorimer S t.—See B kln. R ap. T r a n . 17
G reensburg A S o .R y .—See W est P enn R ys.C o. 96
G'-eensboro Electric Co. — -------------------------- 48
Greenville (S. C.) T raction Co---------------------- 48
G reenwich & SchuylersV lle Elcc. R R — See
H udson Valley R y - ----- - - - - - —
------- _$
Greenwich T ram w ay Co.— Sec Consol. R y ------72
G roton & Stonlngton S t. R y - - - - - - - - - ............ 48
G it''p o rt A Mississippi Coast T ractio n Co.......... 48
G uthrie S t. R y .— See O klahom a R y . . ----------- 83
jja g e rs to w n A Boonsboro R y .— See H agers- ^
11agers to wn*"M yersvflic*Ry”~ S e e Hagers*.R y 49
H agerstow n & N orthern R y .— See H agers. R y. 49
H am ilton & Llndenw ald El. T ran s.— See Cln.
D ayton A Toledo T ra c tio n -------------------------- 33
H am m ond W hiting A E. Chi. Elec. R y ............49
H am pshire & W orcester S tree t R y .— See
W are A Brookfield S t. R y-------------------------118
H arrisburg City Pass.— See H arrisburg T r a c .- 49
H arrisburg A M echanlcsburg E lectric R y.—
Sec Valley T raction C o___________________ 49
H arrisburg T ra c tio n _______
49
H artfo rd M anchester A R ockville T ram w ay
— See Consolidated R y . . . ................................ 72
H artfo rd A Sprlngileld S t. R y .......................... ..1 1 4
H artfo rd S tree t R y.— See Consolidated R y.C o. 72
H artford T u rn p ik e— See U nited R ys. A E le c .. 9
H art ord A W ethersfield R R .— See H artfo rd
S tre e t Rnll" a y .............................
72
H a ttiesb u rg T raction Co..........................................49
H av an a Electric Ry (Cuba) ----------------------- HJj
H averhill A A m esbury S treet R y ------------------- 50
H averhill A A ndover (see Mass. Elec. C o .)— 14
H averhill G eorgetow n
A D anvers— See
G eorgetow n Row A Ipswich S t. R y -----------14
H elena G. L. & Coke— See H elena R y. A L . . 50
H elena Light A R ailw ay Co................................... 50
H elena Light A T rac tio n Co.— See H elena
Light & Ry. C o.................................................... 50
H enderson T raction C o -------------------------------- 50
H enderson (K y.) C ity R y .— See H en. T rac. Co. 50
H erkim er Monawk lllon & F ran k . Elec. R y.
— See U tica & Mohawk Valley R y ................101
H estonvllle M antua A F a lrm ount Pass. R y . . 00
H ighland R R .— See Loulsv. A So. In d . R y . . 63
H lngham St. R y.—See Old Colony S t. R y —- 15
H olyoke S treet R y --------------------------------------- 60
H olm esburg Tacony & F rankford Elec. R y.
— See U nited Power A T ran sp o rta tio n .......... 91
Honolulu Rapid T ransit A Land Co------------- 118
H oosac V a l.S t.R y .— See New E n g .In v .A S e c .. 73
H ot Springs S treet R R . . ------------ ------------- 50
H oughton C ounty S treet R y. (M ich.)— See
H oughton C ounty T raction Co........................50
H oughton C ounty T raction Co-----------------------50
H ouston Electric Co ........................
47
H ouston W. S t. A Pav. F e rry —See MctroDolltan S tree t R y ------------- ---------- — - 77
Hudson C ountv Gas Co.— See P u b . Serv. C orp. 70
H udson & L. I . T rac .— See South Shore T ra c . 84
H udson Pel. A Salem S t. R y . Co.— See New
H am pshire Elec. R y s __ _____ _____________ 5 '
H udson River A Eastern T rac tio n C o _________ 83
H udson R iver T raction C o....................................... 49
H udson Valiev R v . - See U nited T rac tio n C o. 5
H u m boldt T ra n sit Co.................................................45
H u n t. A C harleston R R —See Ohio V al. Elec.
R y. Co----------------------52
H u n tin g to n R R .— Sec L. I. Cons. Elec. C o s .. 60
Huron A O n tario R y _______________________ 121
H utchinson In te ru rb an R y __________________ 12 1
H yde P ark Elec. Light (Mass. Elec. C os.)____14
llinois C entral T ractio n Co.— See Illinois
37
T raction Co.
Illinois Light A T raction Co...................................112
Illinois Traction C o------------------------------------- 35
Illinois Valley R ailw ay Co-----------------83
Illinois Valley T rac. Co.— See 111. V al. R y _ 83
_
Illinois W estern R y. Co__________ _____ _____ 37
In d ian a Colum bus A E astern T raction Co___ 33
In d ian a N orthern T raction Co.— See In d .
U nion T r a c tio n ,____ ______
6
ainesville (Ga.) E lectric R y _______________ 121 In d ian a R y .—-See Chicago South Bend A
N 'i-them Indiana R v ____ ________________ 11 >
<
alnesvllle R ailw ay & Pow er______________121
Gainesville Whitest).>ro A S icrm an R y . . . .
121 In d ian a U nion Traction C o_________________ 6
Indianapolis A C incinnati T raction Co________ 53
G alesburg E 'ectrlc M otor A Pow er— See
_
G alesburg Ry. A Light C o .. . .
83 Indianapolis Coal T raction Co. (w ith m a p )_ 53
_
G alesburg G a s* El.Co.— See G alcs.R y.A Lt.Co. 83 Indianapolis C olum bus A S outh. T rac. Co_ 52
Indianapolis C raw fordsvllle A W est. T rac. C o. 53
G alesburg A Kewanee Electric R y .....................57
G alesburg Ry. & Light Co__________________ 83 Indianapolis A E astern R ailw ay Co. (w ith
G alveston Electric Co__ ___________________ 47
map) ---------------52
G alveston-H ouston Elec. C o__________________ 47 Indianapolis A Greenfield R apid T ran sit— See
G alveston-H ouston Elec. R y _________________ 47
Indianapolis A E astern R y ____ ____________ 52
G ardner W estm inster & F itch . S t. R y . . . . . . 47 Indianapolis H untington Colum bia C ity A
G ary & In teru rb an R y . . . ......... .......................... 12 1
N orthw estern Electric R y . _________________121
Indianapolis A Louisville T raction Co_............ 63
Gas & E lectric Co. of Bergen C o u n t y . . . ..........70
In 'lan ao o 'ls A M arti'sv l'le Rank! T ran sit Co. 53
Gas L ight Co. of Col G a .—See Col. El. C o_ 32
_
G eary S treet P ark & Ocean R R .......................... 100 Indianapolis N ew castle A T oledo El. R y .............53
G eneral Electric R ailw ay (Chicago, 111.)............. 26 Indianapolis N orthern T raction Co.—See
Union T raction Co .............................................. 6
G eneva & A u b u rn ------------47
G eneva W aterloo S. F . & Cayuga L ake T rac
Indianapolis A N orthw estern T raction Co. 53
tio n .— See G eneva A A u b u rn -------------------- 47 Indianapolis A Plain. El. R y.— See In d . Coal
Georgetow n A Lexington T ractio n Co.— See
T raction Co ______________
53
Lexington A In ter. R y s-------------------59 Ind. Shelbyv’lle A S outheastern T rac tio n Co.
—See Ind. A S outheast. T raction C o______63
G eorgetow n Rowley A Ipsw ich— See Boston
A N orthern Street R v .
----.
.1 4
Indianapolis A S outheastern T raction Co--------53
Indianapolis S tree t R y __ ______
52
G eorgetow n A T cnallytow n R y .— See W ash.
R y . A E lec.............................................................. 116 Indianapolis T raction A Term inal C o._______ 62
G
I
P aoe.
Indianapolis A W estern T raction Co-------------- 53
Indian Ter. T rac. Co.—See C hoctaw R y . A L t . 63
Inter-M ountain R y --------------------------------------- 121
In te rn a tio n a l R y .—See In te r. T raction C o .- . 19
In te rn a tio n a l T raction Co. (B uffalo)-------------- 20
In te r-S ta te Consolidated S tree t R y -------------- 82
in te r S tate R ailw ay. .Missouri-------------------------121
In te r-S ta te R ailw ays C o....... ........................ ........ 20
In te r-U rb a n R y. (Des M oines)_______________ 41
In te ru rb an R y. A T erm inal Co-----------------------29
In te ru rb an S tree t R y.—S e e N . Y C lty S t.R y .. 76
Iow a A Illinois Ry Co ....... .................................39
Iowa-M issouri T rac. A Pow er Co--------------------121
Ithaca-O w ego T ra c t. Co____________________ 121
Ith a c a S tree t R y ___________________________ 55
T ackson Consolidated T ractio n Co.— See Mich.
*• U nited R y s ------------------------------------------- 59
Jackson A B attle Creek T rac tio n Co.— Sett
Michigan U nited R ys............................................69
Jackson (Miss.) Elec. R y ., L ight A Pow er Co.
—See E dw ards H otel A C ity R R ........................55
laekson (Tenn.) R y. A L ight Co.............................55
Jacksonville (F la.) Electric Co------------------------ 55
Jacksonville R y .—See Jackson. R y. A L. C o . 37
Jacksonville G as, Light A Coke Co.— See
Jacksonville R y. A Light Co--------------------- 37
Jacksonville R y. A L t. C o.—-See 111. T rac. C o .. 37
Jam estow n C h au tau q u a A Lake Erie— See
Buffalo A Lake Erie T ra c tio n -----------------------19
Jam estow n S treet R y , -------- -------------------------55
Jefferson A B raddock H eights R R .— See F re d
erick A Mid. R y _________ ________ - ............. 47
Jersey C entral T raction Co__________________ 57
Jersey C ity A Bergen R R .— Sec P ublic S e r.R y 71
Jersey City H arrison A K earney R y. Co.—
See Consolidated T raction of New J e r s e y ----- 71
Tersey C ity H ob. A P a t.—See P u b . Serv. R y _ . 71
Johnstow n Passenger R y ..... .................................. 55
Jo lie t Plainfield A A urora R R .— See J o lie t A
S o u th e rn _____________________
J o lie t R R .— See Chicago A J o lie t Electric R y . 87
J o lie t A S o u th e rn -____________________________ 65
Jo lpln A P ittsb u rg h R y . Co_______________
93
anaw ha Valley T raction C o___________ ___ 52
ansas C ity C able.— See K . C. R y . A L ig h t.. 55
K ansas City E lectric L ight Co.— See K ansas
C ity R ailw ay A Light C o_________________ 55
K ansas City Elev. Ry —See If C. R y. A L t . . 55
K ansas C ity-L eavenw orth R Il — See K ansas
C ity-W estern R y................................ ..................57
K ansas C lty-O lathe Electric R R --------------------121
K ansas C ity R ailw ay A Light Co. (w ith m a p ). 55
K ansas C ity-W estern R y. (w ith m a p )------------- 57
K enosha Electric R y ------------------------------------ 57
K en tu ck y R y . T rac tio n ---------------------------------121
Keokuk Electric Ry. A Power (Io w a)------------- 67
K ey W est Electric C o .---------------------------------- 57
K lngsbrldge R R .—See Union R y . ...................
79
K ings Co. E levated— See B klyn. U nion E le v .. 18
Kings Co. T rac tio n — See N assau E lectric___ 18
K ingston City R R .— See K ingston Cons. R y . 58
K ingston C onsolidated R R ----------58
K itta n n in g A Cow anshannock V alley S t. R y._121
K lttannlng A Leechburg Rys. Co------------------- 58
K noxville Ry. A Light Co----------------------------- 58
K noxv'lle T rac tio n —See K nox. R y .A L t. C o . 58
Kokomo Marlon A W estern T raction Co------- 58
K okomo Ry. A Light Co.— See K okom o
Marlon A W estern T raction Co_____________ 58
K ut/.tow n A Fleetwood S tree t R y .— See
A llentow n A R eading ____________________
6
K
f ackaw anna V ail. T rac.— See S cranton R y . . 87
^ a c k a w a n n a A W yom ing V ail. R ap . T r. C o .-108
Laconia S tree t R y -------------------58
Lacrosse C ity R y ----------------------------------------- 58
L afavette A Logansport T r a c tio n ........................... 46
L afayette Street R y .— See F t. W ayne A
W abash Valley T raction C o......................
46
L ake Charles R ailw ay A L ig h t_______________ 58
Lake Erie Bowling G reen A N apoleon R y ____17
Lake Erie T rac C o.—See Buff. A L. Eric T rac 19
Lake R oland E lev a te d —See U nited R ys. A
Electric Co of B a ltim o re ................................. 9
Lake Shore Electric (Cleveland) (w ith m a p ). 31
Lakeside R y ., M ahanoy C ity, P a .— See
Schuylkill T ra c tio n ______________________ 47
Lake S treet Elevated R R .— See Chicago A
Oak P ark Elevated R y _________ _____ ____ 26
Lake View L. A Im p t. C o.—See C anton-A kron
Cons. Rv ___________________
________ 5
L an c a ste r C ity R R .— See L an. Co. R y. A Lt.C o 58
Lancas. A Col.— See L ane. Co. R y. A L t. C o .. 58
Lancaster C ounty Ry & Light Co_______ ; . . 58
L ancaster A E astern R y .........................................59
L ancaster Gas Light A Fuel Co.— See L a n
caster C ounty Ry. A Light C o____________ 58
L ancaster M echanlcsburg A New H olland_ 58
_
L ancaster A M t. J o y .—See I.anc. Co. R y . A L t. 58
L ancaster A Q uarryville S tre e t R y ..................... 59
L ancaster R y .— See Lancas. Co. R y. A L t. C o. 5)
L ancaster A Rocky Springs R y.— See L an
caster C ounty Ry. A Light C o-------------------59
L ancaster A York Furnace Street R y ________ 69
Lansdale A N orristow n E lectric R y.— See
M ontgomery (Pa.) T raction C o __________ 59
Lansing A Jackson R y. Co.— See M ichigan
U nited R ys______________________________ 69
Lansing A S uburban T raction Co.— See Mich
igan u n ite d Hys________________ _____ . . 59
La P o rte A Mich. C ity R y .— See N or. In d . R y .1 1 0
Las Vegas R ailw ay A Pow er Co_____________ 121
Lawrence Gas Co.— See M ahoning A Shenango
R*' A Light C o____ ____
_____________ 118
Lawrence A R eading—See Mass. Elec. Cos— 14
Lebanon Valley S tree t R y —See U nited
Pow er A T ran sp o rta tio n __________________ 91
Lehigh T ra c tio n ----- ---------------------------------- 50
Lehigh Val T rac.—See Lehigh V al. T ran . C o. 6
Lehigh Valley T ransit C o --------------------------- 6
Leom inster ’ Clinton S t. R y .— See W orcester
A
Cons. St. R y - ...................................... - ............... 74
Leom inster Shirley A Ayer S t. R y .— See
F itchburg A Leom inster S treet R y ------------ 45
Lewlsburg Milton A W atsontow n Passenger
R v .—See Railw ays Co. G eneral----------------- 88
Lewiston A A uburn R R .— See Lew iston
•
A ugusta A W aterv tlie......................
59
Lewiston A ugusta A W atervlU e S t. R y ______ 59
Lewiston R iunsw lck A B ath S t. R y .— See
Lewlst. Aug. A W aterv. S t. R y . ........................59
Lew iston C onnecting B ridge.— See In t. T r a c .. 20
Lewiston A Youngstown F rontier R R
- 81
Lewis town A R eedsvllle Elec. R y .— See U tili
ties C orp.............................
59
Lexington A venue A Pavonla F erry R y .—
See M etropolitan S tree t R y ----------77
Lexington A Bos. S t. R y .—See Bos. Sub. Elec 14
Lexington A In te ru rb an R y s__________
59
Lexington R ailw ay—See Lex. A In te r. R y s .. 59
Lima Electric Ry A L ight..... ........................ .. . 33
Lim a Findlay A T oledo—See W estern Ohio R y . 60
Im a Honeoye Electric Light A R R _________ 121
L im a A T oledo T rac tio n C o.................................. 33
55
P ace.
Lim a U rb a n R y .............. ............. ................. ........... 121 M ilwaukee N orthern R y ______
°<
63
119
Lincoln R y. ft L ig h t Co. (111.).............................. 121 M ilwaukee S t. R y .— See Mllw. Elec. R y . &"LtI 07 N iagara S t. C atherines ft T oronto R y _____
N inth A venue R R .— .See M et. S t. R y. S ys_ I 78
_
Lincoln (N eb ) T r a c tio n .___________________ 60
M lneial Wells S t. R y. ft Elec. L ight P ro p ___ 121 Norfolk & A tlantic T e r m i n a l _________ _____ 82
LIndell R y .— See U nited R ailw ays Co_______ 103 M inneapolis ft S t. P. S u b .— See Tw in C .R .T .. 68
Norfolk ft Bristol S treet R y __________
"m
L ittle R ock R ailw ay ft E lectric Co__________ 6 i
M inneapolis S t. R y.— See Tw in C ity R ap . T r . 68
Lockport & O lcott— See In te rn e t. T r a c tio n .. 20 Missouri ft K ansas In te ru rb an R y ........................ 57 Norfolk Cen. S t. R y .— Sec Old Colony S t. R y l 15
N orfolk C ity R R .— See N or. R y. ft L gt. Co_ 81
_
Logansport R y .— See F t. W ayne & W abash
Missouri Electric R R ____ _________
10 3
V alley T rac tio n Co_______________________ 46 Missouri W ater, Light ft R R Co.........................121 Norfolk & P o rtsm o u th T ractio n Co. (w ith
m a p )...............
81
L om bard & S o u th S tree t Passenger R y .—
Mobile Light ft R R ____________________
68 Norfolk P o rtsm o u th ft N ew port News Co.—
See F ran k fo rd & S outhw ark Passenger R y . 89 Mobile S t. R R .— See Mobile L ight ft R R .......... 68
See Norfolk ft P o rtsm o u th T ractio n Co_____81
Lonaconlng M idland ft F ro stb u rg R y .— See
M onmouth C ounty ..ie e trlc _____________
6 U Norfolk (Va.) Ry. ft L ig h t—See N orf. ft P o rts
C um berland ft W este rn p o rt_______________ 35 M onm outh T ract — ee 'ainiien ft T re n to n _ s 8
_
m outh T raction C o________________________ 81
L ondon (Canada) S tree t R y . . ...............
119 M onongahela S tre e t H allw ay_______
95 Norfolk S treet R R .— See N orf. R y. ft L t.C o .. 81
Long Islan d Consol. E lectrical Cos__________
60 onterey
121
‘"Ik Sub. R R .— See Old Col. S tre e t R y ___ 15
Long Island Electric R y . ............
60 M onterey Fresno ft E a s t_______________ e r .. 121
M
& Pacific G rove ft E lect. P o w
Long Island T ra c .— See U rooklyn R ap . T r i l l 17 M onterey R ailw ay, Light & P ow er......................121 N orristow n Pass. R y .—See Schuylkill Valley
T ra c t on___________________ ________
. 91
Lookout M ountain R y _________________
21
M ontgom ery Co. Pass. R y .— See Schuyl. V. T r. 91
R y ........................................
Loraln& Cleveland R R .—Sec Lake Shore E lec" 31 M ontgom ery C ounty R apid T ra n s it____
121 N 1 rth a m p to n S treet herst S t. R y .— Seo C on 82
ortham pton & A m
L orain S t. R R .— See Lake Shore Elec. Ry _
32 M ontgom ery (P a.) T raction Co.............................. 59
necticut V alley S t. R y ___________
82
Los Angeles In te ru rb an R y . (w ith m a p )..........62
ontgom eryS t R y.— See M
68
Los Angeles R y ____________
62 M ontgom ery (A la.,) T ractio nont.( . .la.) T rac.C o 68 N o rtham pton T raction Co. (E asto n , P a .) ___ 44
M
C o . ......................
No. A ugusta Electric ft Im provem ent Co_____ 8
Los A ngeles Pacific Co................................ ” ” ” 62 M ontlcello ft Fallsburgh ft W. L a k e ____ ___ 121
ublic Service Co.— Seo
Los Angeles ft P asad ena Elec. R y .— See P a
M ontreal (Can.) S treet R y ......................................119 N orth C arolina PCo________
G reensboro Elec.
48
cific E lectric R y __________________________ 62 M ontvllle S t. R y.— See C onsolidated R y . C o .. 72
orth Chic. Elec. R y
Los Angeles ft R edondo R y _________________ 62 M ontoursvllle E lectric L ight Co________
. 88 N orth Chicago S treet .— See Chic. R ys.RCo____26
R R .— See Chic. y s___ 25
Los Angeles T rac .— See Los Ang. In te ru rb , R y . 62 M ontoursvllle Pass. R y .— See R ys.C o.,G en_._ 88 N
orth D etroit Elec.— See D
Ry
41
Loulsv’lle A nchorage & Pewec V alley R y .—
Mornlngsldc El. S t. R y.— See P itts. R ys. C o .. 96 N o rth End S tree t R y .— See etroit U nited ons’d. . 74
«
W orcester C
See Louisville ft E a s te rn __________________ 63 Morris C ounty T raction C o .............................
68
N orth H udson C ounty R y .— Sec P ublic S er.R y 70
Louisville C ity R y .— See Loulsv. T ra c t. C o .. 62 Moundsvllle Benwood ft W heeling R y— See
N orth
S t. R y .— See P ublic Service R y
Louisville ft E a ste rn R R ____________________ 63
W heeling T rac tio n ________________________ 1 1 7 N orth Jersey R y .— See H udson Valley R y ____. 70
R iver
5
Louisville F ran k fo rt ft E astern T ractio n Co.—Holly S t.
B urlington Co. R y ___ 69
N orth
Cldc.
C o ,.
See Louisville ft E astern R R .
63 Mt. Mansfield R y .— See _______
Mt.
Elec. R R
424 N orth Side Elec. S t. eR y .— See oston R ys. o rth . 26
W oburn S tre t.— See B
ft N
14
Louisville ft In te ru rb a n R y .— See Louis
Mt. Oliver Incline Plane R y .— See’ P".” & " b !
ville T ractio n Co__________________________ 62
T ractio n sy ste m _
_
95 N orthern C am bria S treet R y __________________ 85
Co — See N or. Elec. R y ___
Louisville & N or. R y. & Ltg. C o____________ 63 Mt. Vernon (O.) R y. & L t. C o” ” ” ” ”
121 N orthern Electric R y _______________________ 27
27
Louisville R y .— See Louisville T ractio n Co_ 62
_
Mt. W ashington S tree t R y .— See P itts Ftwys. 94 N orthern Electric Light ft T raction C o.............. 8 1
N orthern Illinois
Louisville ft So u th ern In d ia n a R y .— See
R
See A tl. Shore
U n ited Gas ft E lectric Co_________________ 63 M ousam ahiver R R .— See P o rtla n d R Line R y 105 N orthern In d ia n a R y .— See Chicago S outh
M ultnom
S t R y.—
y ..
98
Bend ft N orthern In d ia n a R y ____________ 1 1 0
Louisville T ractio n Co________________________ 62 M uncle H artford ft F t. W ayne T rac. Co.—See
Lowell & F itch b u rg S tree t R y ________
63
In d ia n a Union T ra c tio n ___
6 N orthern Texas Electric Co_____ __________ 46
r,owcll & Sub. S t.— See I,ow. Law. & Ifnverh 15 Muncle ft P o rtland T raction C o.......... ................. 98 N orthern T exas T ractio n (F o rt W 'orth)_______ 46
N orthern Ohio T ractio n ft Light Co_____ .
5
Lowell Law rence ft H a v er.— See Ilos. & N o .R y 15 Muncle ft U nion City T rac. Co.— See In d .
Ohio T rac
Low Fare R y .— See Cleveland R y ..........
29
U nion T rac. Co__________________
9 N orthern n ft L ight tio n .— See N o rth ern Ohio 5
T ractio
Co____________________
Lynchburg T ractio n ft L ig h t______________
63 M unicipal T raction Co........................... I I I I I I I I 29
26
L ynn B elt—See B oston ft N orthern S t. R y
14 M uscatine L ight & T ractio n C o. _
_
69 N orthw estern E levated (Chicago) ______
121
Lynn ft B oston R R .— See Bos. ft N o. S t. R y 14 Muskegon T ractio n & Lighting Co...................” 69 N orthw estern Ohio R R . . ____________
M uskogee E lectric T ra c tio n _______
69 N orw alk Gas ft Electric Co — See C leveland ft 3 1
S outhw estern ft C olum bus_________
acon E lectric L ight ft R y .— See Macon
M yersv. ft C atoctln R y .— See Fred ft M iddle. 47
R y. ft Light C o_______________________ ___ M ystic Val. S t. R y .— See B os. ft N o. S t. R y. 14 Norwich S treet R y .— Seo C onsolidated R y . . . 72
06
Norwich ft W esterly S tree t R y _______________ 82
Macon Railw ay ft L ight Co_____________
66
M adison C ounty L ight ft Pow er Co.— See Illi
IV ashua S tree t R y.— Sec Bos. ft Nor. S t. R y. 15
Co.— See Callnois T rac tio n C o. _.............................. .............. 57
^ a s h v llle ft Edgefield R R .— See N ash. R y . . 69 /"O akland Gas L ight ft H e at rp o ra tio n ______ 105
fornla Gas ft E lectric C o
M adison ft In te ru rb a n T rac . Co.— See South".
N ashville R y. ft Light C o.........................
69
W isconsin R y . C o . . __________________
66 N ashville S tree t R y .— See N ashville R y .......... 69 O akland San L eandro ft H ayw ards E lectric.—
See O akland T rac tio n Co____________ . . 82
M ahoning & Shcnango R y. ft Light C o____ " l i s Nassau
.— See
O akland T raction C o___________ ___
82
M ahoning V al. S. E .— Sec M ah. & Sh. R y .* L t.l 18 N atchezElectric R R t. R y. Bklyn. R ap. T r ____18
Electric S
ft Pow er Co.— See
M anchester & D erry S t. R y .— See M an. T rac.
S outhern R y. ft L ig h t............ ..
.
69 O akland T ractio n C onsolidated— See O akland 82
T raction Co___________________
Light ft Pow er______________
66 N atick & C ochltuate S tree t R y .— See Middle!
Oak wood S treet R
39
ila n c h e s te r S tree t R y .— See M anchester T ra c t.
sex & Boston S tree t R y ___________________ 44 Ocean Shore R ailwy. Co.....................I I I ” ”
ay Co__________
408
L ight & P o w er..............................................
N66 kcag S t. R y.— See Boston & N o r th e rn .. 14 Odessa ft M iddletown R y _________
aum
121
M anchester T rac tio n L ight & Pow er C o______66
N ebraska T raction & Pow er Co________
83 Ogden R apid T ra n s it______ .
421
M an h a tta n E levated R y .— See “ R ailw ay &
N etherlands T ram w ay C o rp o ra tio n ,.
119 Ogden S tree t R y .— See Chicago R ys.’C o I I I I I I 26
In d u s tria l” Section.
N everslnk M ountain R y .— See U nited T rac.
T rac tio n
M anila E lectric R R . & Lighting C orp________ 1 19
(R e a d in g ).............................................
92 Ohio C entral C olum bus— See C leveland S outh 34
w estern ft
R y __________ _______
M anila S u b u rb an R y s.—Sec M anila Electric
New A lbany S t. R R .— Sec U n. Gas A E l e c .. . 63 Ohio Electric R ailw ay ___________________ I ” 33
R R . & Lighting C o rp o ratio n __________
119 N ewark Cons. Gas Co.— See Essex ft Hudson
Electric Railw ay ft P ow er___ "
Alanlstee Light & T r a c tio n _________________ 66
Gas C o___________ 1______ _____
70 Ohio R iver Passenger R y _________________ ” ns
l21
M ankato Electric T raction Co. . .
.
121 N ewark ft H ack. T r.— See H udson R lv. T r” ' 49 Ohio R iver
O 'do ft S outhern '1 ractlon Co________________121
M anor V alley R y .— See P itts. M cK ees.* W est. 66 N ew ark P ass. R y .— See P ublic Service R y ___ 71
Ohio T raction Co ________ ___________ .
. 29
Mansfield R ailw ay Light * Power C o......... ...... 3 1
Newark Plan k R o ad .— See Consol. T rac. of N.J. 71
52
M arlon BlufTton & E astern T ractio n Co............ 12 N ew ark ft South O range R y .— See P u b .S c r.R y 70 Ohio Valley Electric R y .................................
Oil C ity S R y
T rac
C ity ..........83
M arlon C ity R y.— See U n. T r. of In d ___
6 New Bedford ft O nset S tree t R y ____
7 1 O klahom at. C ity.— See C lt. Co.—.. Oil O klahom a
R ailw ay
See
Marlon R ailw ay L ight & Power C o______ ._
34 New Bedford Mlddleb. ft B rockton— See 6 id
Ry- Co..................................................................... 83
M arlon & S u b u rb an R y. Co________________ 34
__ 45
Colony S t. R y __________ _______ _____
83
M arlon & W estern R y. L t. & Pow. Co___
' 34 New B runswick Lt. H e at ft Pow er Co . ” ’ 70 O klahom a R ailw ay C o . . ..............
Old Colony S tre e t R y. (w ith m a p ) I _ I _ I I I I I I 15
M arket S t. El. Pass. R y .—Sec Phlla. R ap. T r. 88 N cwburg Elec. R y.— See O range Co. T rac
* 81 Old Dominion R y .— See N orfolk P o rtsm o u th
M arket S t. R y .— See U nited R R . of San F r a n . 108 N ewburg ft O range Lake R R .— Sec O range
T raction ____________________________
81
M arlboro * W estboro S treet R y _______
.
74
C ounty T ra c tio n ____ _______ _
84 Olean Rock C ity ft B radford R y .— Sec W est
M arq u ette C ounts Gas & Electric Co ____ I I 55 New Castle Electric Co.— See Mali." "ft Shell’
ern
ft
T
M arshalltow n (Iowa) Light Power & R y
66
R y. ft L i g h t C o ...............
418 Olean NewRYorkSec P ennsylvania ft ractio n rac 83
S t. y —
W est. N. Y.
Penn. T
83
M aryland E lectric Rys ________ ____________ 9 New Castle T rac tio n —See Mah. ft Shen. Ry
Mason City & Clear Lake R y . . ................
.
66
ft L ig h tC o .................
418 Oley Valley R y.— See U nited T raetlo n C o . . . 92
M assachusetts Electric Companies (w ith m a p l! 14 New England Inv. ft S rcu rltv C o______________ 73 O m aha ft Council Bluffs R y. ft B ridge............ 83
M atam oras & S a n ta Cruz S treet R y _________ 1 2 1 New H am pshire Electric R ailw ays____________50 O m aha ft Council Bluffs S treet R y ____________83
O m aha Council Bluffs ft S uburban R y .—See
M attoon C ity R ailw ay C o_______ ___________ ~ 66 New H am pshire T raction Co.— See New H am p
O
M aumee Valley R ailw ays & Light C o____ I I I l l 4
shire Electric R ailw ays_______________
50 m aha & Council Bluffs Ry. & Bridge C o .. 83
O m aha Lincoln ft Beatrice R ailw ay Co_______ 60
M cGavock & M t. V ernon H orse R R .— See
New H aven ft C ntrevllle S tree t R y .— See
O m nibus Cable
Nash.vllle R y _____________ ______ ________ 69
Cons. R y. Co________________________
72 O neida R ailw ayR y .— See U nited R R s. of S. F 108
Co__________________________ 401
M eadvllle & C am bridge Springs S tree t R y ___ 67
New H aven S treet Ry —See C s. R y l’ Co’ 72 O neonta Cooperstown ft Richfield Springs R yl
Media Glen R iddle & R ockdale— See U nited
New H olland Blue Ball & T erre Hill St. R y
59
—See
Pow er * T ra n s p o rta tio n _________
90 New Jersey ft H udson Rlv. Ry. ft Ferry
' 48 O neonta O neonta ft M ohawk Valley R R _____ . 83
ft M ohawk Valley R R ________________83
M emphis S tree t R y _______________
67 New Jersey ft Pennsylvania tr a c tio n
.......... 1 1 5 O range C ounty T raction Co.............................. . . ’ 81
M enominee * M arinette L ight & T ra c tio n ___ 121 New Jersey .Short Line R R _____
88 O range ft N ew ark.— See N ew ark P a s se n g e r.. 71
Mercer Co. T rac tio n — See T ren to n S t. R y ___ 91
New Jersey T ra c tio n —Sec Con. T r a c .S y s I I ”
V alley R y .— Sec P ublic S er
M erchants’ E lectric Light Co.— See New O r
New London ft E ast Lym e S t. R y ___
” 74 O range R& Passaic __________________________ 7 1
vice w y _____
leans R ailw ay C o____ ________
74 New London S treet R y.— Sec Consol. Ry’.’c o " 72
Oregon Electric R y ......................... . . I I I I I ” 98
M eriden E lectric R R .— See Consol. R y _______ 72
New O rleans ft C arrollton R R . Light ft Power
Oregon W ater Power ft R y. Co.— See P o rtla n d
M eriden Horse R R .— See Consol. R y .......... . . 72
Co.— See New O rleans R y . . ___________
74
R y. Light ft Power Co___________________ 98
M eriden S o u th in g to n & C om pounce T ra m .—
New O rleans C ity R R .—Sec New Or. R y.
74 Orleans R R .— See New O rleans R y__________ 74
See C onsolidated R y ____________
72 N ew O rl C ity ft Lake R R .— See N O Rv
’ 74 Otsego ft H erldm cr— See O neonta ft M ohawk
M eridian L ight & R y. Co____________
” 67 New O rleans Gas Light Co.— See New Orleans
V alley______________________
.
..8 3
M crrlm ac V alley Elec. Co_______________
49 • R ailw ay ft L ig h t__________________________ 74
Oswego T rac. Co.— See Syr. Lake Shore ft N or.112
Merr m ack V al. S t. R y. —See Lowell Law
New Orleans ft P ont. R R .— Seo New Orleans
ttaw a
rence * H averhill S t. f l y . __________________ 1 5
R ailw ay & L ig h t___________________________ 74 O ttaw a (Canada) PElectric NR y ................ r. C o .. 4i9
O
Ry. L. ft .— See o.Ill.L t.ft T
81
M et. Crosstow n R R .— See Met. S t. R v _
_
” 77 New O rleans R v. ft Light Co. (with Map) .
74 O ttum w a Railw ay ft Light C o....... ...................... 84
M etropolitan Elec.— See U nited T r. of R eading 92 New Orleans T raction Co.— Seo New Orleans
O ttum w a T raetlon ft L ig h tC o .— See O ttu m w a
M etropolitan R y. Co.— See O klahom a C ity Ry. 82
Railw ay ft L ig h t________________
74
R ailw ay ft Light Co______________________ 84
M etropolitan R R .— (W ashington, D.C .)_____ 116 N ew port ft D ayton S tre e t R y .— See C incinnati
Owensboro C ity R R . ________________
M etropolitan Securities Co___
76
N ew port ft Covington _______
34
M etropolitan S t. R R .— See Den. C ity T ra m ” 39 N ew port Iliu m .— See N ew port ft Fall R iver " 15 Owosso ft C orunna Electric Co_______________ 84
M etropolitan S t. R y .— See K ansas C ity R y. &
R y.— Seo ew port ft Fall R
L ig h tC o ....................
55 N ew port S t. Fall R iverN S tree t R y.— See lv e rl 15 p a c ific C oast Pow er________________________ 109
N ew port ft
Old
*■ aeltlc Electric Ry. (w ith m a p )------------------- 62
M etropolitan S t. R y. (N . Y .) .........................
77
Colony S treet R y ____ ____________________ 45
M etropolitan W est Side Elev. R y. (Chicago) " 26 N ew port News ft Old P oint R y. ft E lec tric !” 49 Pacific Gas ft Electric Co. (with m a p )------------ 105
Pacific Light ft Power Co____________________ 62
M exican T ram w ays C o_____________________ * 12 1
N ew port ft Providence S tree t R y _____________81 Pae'flc T raction Co_________________________ 110
M cyersdale & S alisbury S treet R y ___I I
12 1
Newton ft Boston S treet R v ______________ 14 Paducah C ity R y. Co.— Seo P aducah T raction
M lam lsburg & G erm an to w n —See Cl.n. D ay
Newton ft H atboro S t. R y.— See N. J . ft Penn!
ft Light Co_______
84
to n & T o led o ___ _____
33
T raction C o....... ............................... .
4 15
Miami V ail. U v .— Sec D n v to n ft T m v EleclRy" 39 N ew ton S t. R y .— See M iddlesex ft B o s.'s t. R y. 14 Paudcah Railw ay ft L ig h t.— Seo P aducah
T raction ft L ight Co-------------------------------- 84
M ichigan C ity T ractio n Co.— See Chicago Sou.
Newtonvllle ft W atertow n S treet R y
14 Paducah S treet R y .— See P ad u cah T ractio n &
B end & N o rth ern In d ia n a _____
110
Newtown R y .— Seo N. Y. ft Queens Col R y ” * 60
L ig h tC o .................................................
84
M ichigan T rac tio n — See Mich. U nited Rys
59 New W illiam sburg ft F latb u sh R R .— Sec
Paducah T ractio n ft L ight Co.....................
84
M ichigan T rac. E x ten . Co.— See Mich. U n .R y s. 59
B rooklyn R apid T ran sit
17 Palm er ft M onson.— See Springfield ft E astern 73
M ichigan U nited R ys. C o____ ______
59 New York \n b u rn ft Lansing R R .................... '4 2 1
Pan H andle T raction Co____________
447
M lddleh. W archam * B uzzard’s Bay St". R y .—
New York C ity Interborough R v. C o ..........” * 8 1 P arkersburg M arietta ft In te ru rb an R y
84
See New Bedford & O nset S t. R y ______ _
7 1 New Y ork C ity R y . ............
76
H ouse.— See U
M iddlesex ft Boston S treet R y ________ I I I I I . 14 N. Y & H arlem R R .— See Met. S t. R y S y s .- 78 Park ftFCliff isco ....... ...............nited Railroads of 49 s
San ran c
M iddlesex Elec. Light & Pow er C o__
" 70 N. Y. ft Long Island Traction . . .
.
60 Park ft Ocean R R .— See United" Ralir"o"a"ds” of
M iddlesex & Som erset T ra c tio n — See Public
N. Y. ft N orth Shore R y .— See Long Island
San F rancisco.........................
jq s
Service R y ____ _________________ _ _ _
70
Electric R y ___
60 Parkside Elec. R y.— Sec San Fran'.Blc'c’.’R ys 106
M iddleton ft D anvers—See Mass. Elec. C o l l ” 14 New Y ork-P hiladelphia C ol I I I I I I I I I I I I I I I I 88 Pascagoula S tree t Ry. ft Power Co
108
M iddletow n (I. ft S .— See H arrlsb. T ractio n
49 New York ft Port C hester R y.— See New York
tio n .— See
M iddletown (Conn.) S tree t Ry — See Con
W estchester ft Boston
81 Passaic & N ew ark Electric T racrse y ...............71
Consolidated T raction of New J e
solidated Ry Co_________________
72 New York ft Queens C ounty R y ., L. I. C i t y . . . 60
Passenger ft Belt R y.— See L exington ft In te r
Milford A ttleboro ft w"o'o"n"soc"ke"t'st."Ry".— See
New York R ailroad ft D evelopm ent Co.— See
urban Rvs . .
59
C onsolidated Ry . .
.....
.......... ..............
New York W estchester ft B oston...............
8 t Paterson C ity R y .— See Public Service"Corp . 69
M ilford H olllston ft F ram ingham S t. R y l—
New York S ta te R a ilw a y s ..........
101
See Milford ft U xbridge S tree t Rv
67 New York ft Stam ford R y.— See Consol R y .. 72 Paterson ft Passaic Gas ft Electric Co.— Sec
Public Service C orporation_______
70
Milford ft U xbridge S treet R y I . . . 1 ....................67 New \ ork W estchester ft Boston R y ..................... 81
P aterson R y .— See P ublic Service R y ....................70
M lllvale E tn a ft Sharpsburg S tree t R y .— See
N iagara ra ils ft Lew iston— See Nlag. G o rg e .. 81 Paw catuek Valley Street R y . .........................
82
A llegheny T rac tio n ..........
05 N iagara Falls Pk. ft R iver— See In t. T ra c ___ 20
P 'w tu c k t S t. R y. S c Unite d T rac. ft E le c . 74
Millville T rac tio n ...................
fi7 N iagara Falls ft Suspension Bridge Ry — See
Pccksklll Lighting & R R ......................................... 85
M ilton E lect. L t. ft P. Co.— Se"o"RysI'Co"Ge"n" 88
In tern
M ilwaukee C ity —See Mllw. Elec. R y. ft L t
’ 67 N iagara atio n al T raction ft N orthern R y.— See 20 Peninsular R a ilw a y _________________________ 108
Falls W hirlpool
Pennsylvania M otor— Sec E aston Consolidated
M ilwaukee E lectric R y. ft L ig h t______
67
In tern atio n al T raction
20
E le c ____________________________________ 44
M ilwaukee L ight H e at ft T ra c tio n ___ I I I I I " I 67 N iagara Gorge R y. (E lectric) I .......................... 81
Pennsylvania ft Ohio R y __________ ______ ”
7
M
84
Page.
P e nnsy lv an ia f t M ahoning V alley T rac . Co.—
See M ahoning & Shenango B y & L ight C o .. l 18
P ennsy lv an ia & M aryland S t. R y ........................ 121
P enn S tree t Passenger R y . (P ittsb u rg h ) — See
C itizens’ T rac tio n _________________________ 05
Pensacola Electric C o________ _____________
P ensaco la E lectric T erm in al R y .— See P e n sa
cola Klee. Co_____________________________ 85
P eople’s Gas f t Klectrlc Co.(B u rlin g to n )_______ 20
People’s Light & R y . Co.— See 111. L ight &
T r. C o........................ ............................................... 11X
People’s Passenger R y .— See U nion T ractio n
S y ste m .............. _............................ ............... ........ 90
People’s R R .—See Syracuse R apid T ra n s it_ 101
_
People’s S t. R y. (W est N ew bury, M ass.)— See
Lowell Law rence & H av erh ill_____________ 15
People’s R y. (D ay to n , O .)— See A m er. R y s ..8 7
People’s S treet R y .— See Scran to n R y _______ 87
People’s T ractio n Co. (G alesburg)..... .............. . 47
People’s T ractio n Co.— See B urlington Co. Ry. 00
People's T ractio n (P h lla., P a .).— See Union
T ra c tio n ________________________
00
People’s T ram w ay Co.— See Consolidated R y . 72
Peoria B loom ington & C ham plain T ractio n Co.
— See Illinois T ractio n Co.............................. . 37
Peoria L ight Co.— Sec U nion R y. Gas & El.C o.l 11
Peoria Lincoln f t Springfield R y ______________ 37
Peoria R y. Co. (w ith M ap)___________________ 85
Peoria R y . Term . C o.—.See “ R y. & In d .” Sec.
P e rry S tre e t Passenger R y .— See F ederal
S tree t f t P leasan t Valley R y -----------------------04
P e ta lu m a & S a n ta Rosa R R -------------------------- 85
P hilad elp h ia Bristol f t T ren to n Passenger R y.
— See T renton Bristol & Philadelphia S t.R y .g 9 3
P hiladelp h ia & C hester R y--------------------------- 02
P hiladelp h ia C ity P ass. R y .— See Union
T ractio n S y stem _________________________ 00
P hlla. Coatesvllle & L ane. P ass. R y .— See
Susq. R y . Light & P o w er_________________ 58
Philadelphia Co. (P ittsb u rg h , P a .) __________ 93
Philadelphia & D arby R y .—See Union T r.S ys 00
P h ilad elp h ia & E aston Klectrlc R R ......................42
P hiladelphia & Kaston R y .— See P h lla. &
Kaston Klee. R R __________________________ 42
P hiladelphia f t G arrettfo rd St. R y. Co.—See
P hiladelphia & W est C hester T r a c t_________ 88
Philadelphia & G ray ’s F erry Passenger R y .—
See U nion T raction S y stem ________________ 00
Philadelphia & Lehigh Valley T rac tio n .— See
Lehigh Valley T ran sit Co_________________ 6
Philadelphia R apid T ransit Co______________ 88
P hiladelphia f t S u b u rb an Elevated R R ______121
Philadelphia T rac tio n .— See Union T r a c tio n .. 90
Philadelphia f t W est C hester T rac tio n _______ 8*
P hiladelp h ia f t W estern R R ................................ 03
P hiladelphia f t Willow Grove T ractio n . — See
Philadelphia R apid T r a n s it_______________ 80
P hoenix Gas & E lectric Co__________ _____ _ 93
P itcairn & W llm erdlng S tree t R y .— See Monongahela S treet R y _______
05
P ittsb u rg h A llegheny & M anchester T ractio n .
— See U nited T ractio n S y stem ____________ 04
P ittsb u rg h f t A llegheny Valley R y ____________ 00
P ittsb u rg h & B eaver S treet R y ____________ 06
P ittsb u rg h f t B irm ingham Passenger R y .—
Sec P ittsb u rg h & B irm ingham T rac tio n ___ 95
P ittsb u rg h f t B irm ingham T rac tio n ___________95
P ittsb u rg h f t B utler S treet R y _____________ 06
P ittsb u rg h C anonsburg & W ashington R y .—
See P ittsb u rg h R ailw ays Co______________ 04
P ittsb u rg h f t Charleroi S treet R y .— See Uul■ted T r a c tio n _____________________
05
4
P age.
_
P age.
P ittsb u rg h C rafton f t M ansfield S tre e t R y .—
Providence & F all R iver S tree t R y __________ 100
04 Providence Securities Co____________________ 74
See P ittsb u rg h R ailw ays Co _________
P itts. H arm ony Butler f t New C astle S t. R y . . 06 Providence f t T au n to n S t. R y .— See Old Col. 15
P ittsb u rg h Incline P lan e.— See P ittsb u rg h &
P rovidence W arren & B ristol................................. 121
B irm ingham T raction S y ste m ______________ 05 Pueblo & S ub u rb an T raction & L ight Co____ 100
85 ittsb u rg h f t Kansas C ity ----------------------------- 03 Pueblo T ractio n & L ighting.— See Pueblo f t
P
P ittsb u rg h M cK eesport f t C onncllsvllle R y .—
S u b u rb an T ractio n & Lighting Co_________ 100
90 P u eb la T ram w ay L t. f t Pow er Co___________121
See W est Penn R ys. Co........................
P ittsb u rg h M cK eesport & G reensburg R y ____06
Public Service Co.—See C olum bia E lectric
P ittsb u rg h M cK eesport f t W estm oreland___ 66
S tree t R ailw ay Light f t Pow er Co__________ 3,2
P ittsb u rg (K an .) R y. & L ight Co.— See Jo p .
P ublic Service C orporation (w ith m a p )______69
Iln < P ittsb u rg R y ------------------------------------ 93 P ublic Service Gas Co______________ ________ 70
fe
P ittsb u rg h Railways C o ......................
94 Public Service In v e s tm e n t__________________ 17
P ittsb u rg R R . (K a n .)— See Jop lin & P itts
P ublic Service R ailw ay _____________________ 70
burg R a ilw a y -------------------------------------03
Public W orks Co.— See B angor R y. & Elec.Co. 10
P ittsb u rg h T rac tio n .— See Consol. T rac. Sys
05 P uget Sound E lectric R y . . . ................................. 109
P ittsb u rg h & W est E nd Passenger R y .— See
P u g e t Sound In te rn a tio n a l R ailw ay f t Pow er
P ittsb u rg h Railw ays Co______________
94 o m p a n y ..
C
____________
__
_
109
P ittsb u rg h f t W estm oreland R y .— S e e P itts b .
Puget Sound Pow er Co.— See S e a ttle E lec. C o il09
M cK eesport f t W estm oreland ______________ 60 P u tn a m & W estchester T ractio n Co........................ 85
P ittsfield (Mass.) E lectric S tree t R y _____
06
P Ittsto n & Scranton S tree t R y .— See Scranton
uakertow n T rac tio n .— See L eh.V y.T ran.C o 6
R y. Co................................................
uebec 87 y. Light f t Pow er C o . . . ....................121
R
P Ittsto n S treet C ar.— See W ilkesbarre f t W yo
Q ueens R y. Co.— See New York f t Queens Co. 60
ming Valley T raction S y ste m _____________
92Q uincy (111.) Horse R y. & C arry in g ___________84
Plainfield Gas f t Electric Co.— See Som erset
U nion f t M iddlesex L ig h tin g ____
70 O a llro a d s & Pow er D evelopm ent C »................. 106
Plainfield Gas Light Co.— See Som erset U nion
“ allw ays C om pany G eneral_________________ 88
& Middlesex Lighting___________
70 R ailw ay f t E lectric of S edalla.— See Sedalla
Plainfield S t. R y.— See Public Service R y . I I I 71
L ight & T raction Co______________
110
P la ttsb u rg h T raction Co_________________ _ y6 R ailw ay f t L t, Securities ........................................ 121
Plym outh Bridge Co.— See W ilk e sb a rre ' &
R aleigh S t. R y .— See C arolina Pow er & L t. C o.100
W yom ing Valley T ra c tio n ________________
02 R apid R ailw ay (D e tro it).— See D etro it f t
P lym outh & K ingston S treet R y.— See B rock
• P o rt H uron Shore L in e ___________________ 42
ton f t Plym outh S treet R y ______________
96 R apid tra n s it S t. R y .— See Consol. T iac tio n
Ponce Electric C o .____ ____
110
of New J e r s e y .. .
.
71
P o rt H uron S t. Clair f t M arine C ity R y ________ 42 R eading C ity Passenger R y .— S e e 'R e ad in g 'T r’ 92
P o rt Jervis Electric Light Power Gas f t R R Co. 08 R eading & Low ell.— See B oston & N o rth e rn . 14
P o rtlan d & Brunswick S tree t R y ___________ 98 R eading & S ou th w estern .— See U nited T ra c
Po rtlan d f t Cape Ellz. R y .— See P o rtlan d R R . 08
tion (R eading) ................
_. _
_
92
P o rtlan d C ity & Oregon R y .— See P o rtland
R eading f t Tem ple E lectric R y .—■
See R eading
R ailw ay Light f t Power Co_______________ 98
T ra c tio n __________
92
P o rtlan d C onsolidated R y .— Sec P o rtla n d
R eading T rac tio n .— See U nited T ract'lo n 'C o II 92
R ailw ay Light f t Pow er C o__ _________
98 eading W akefield f t L y n n .— See M assachu
R
Po rtlan d G eneral E lectric Co.— See P o rtland
setts Electric Com panies
14
R ailw ay, Light f t Pow er C o____________ . 08 R eading f t W olm ensdorf.— See U nited'T raoIZ 02
P o rtlan d (Me.) R R .................................
08 R edlands & Yucalpe Electric R y ______
12 1
Po rtlan d R y. Co.— See P o rt. R y. L. f t P. Co _ 08 R hode Island Co.— See P rovidence Secur ’C o ' 74
P o rtla n d R ailw ay, L ight f t Pow er Co. (w ith
Rhode Island Securities Co.— Sec P rovidence
m a p )..........................................................................
os Securities C o__________________________
74
P o rtlan d (Conn.) S tree t R y.— Sec Consol. R y . 72 Rhode Island S u b u rb an .— See P rovidence Se
P o rtlan d f t Y arm outh E lectric R y .— Sec P o r t
curities C o . . _______
74
land R R ________________________________
98 R ichm ond L ight f t R R . Co............ ...................
112
P o rto Rleo R ys Co., L im ite d _____ . . I
1 1 9 Richm ond R y. f t Elec.— See Va. R y. & P o w ..l0 0
P o rtsm o u th Dover & Y ork S tree t R y .— See
Richm ond S tree t & In te ru rb an R y ____________53
A tla n tic Shore Line R y ....... ...........
10 5 R ichm ond T rac tio n —See Va. R y . & P . C o_ 100
_
P o rtsm o u th K lttcry f t York S tree t Ity .— See
Ridge Avenue Passenger R y .— See U nion
A tlantic Shore Line R v _____
105
T ractio n S y stem __________________________ 90
Portsm o u th (Ohio) S tre e t R R . f t Light C ol 11 08 Rio de .Janeiro T ram . L ight f t Pow er, L td _____120
Potom ac Electric Pow er Co.— See W ashington
Roanoke R ailw ay f t E lectric................................ 100
R ailw ay & Electric Co........................... .. . n o Roanoke T raction f t L ig h t__________________ 100
P o ttsto w n & N o rth ern —See U nited T r a c t. I ' 92 R ochester C ity f t B righton—See N . Y. S ta te
Pottsvllle & R eading R y.— See E. Penn. R y s. 98
R y s - - - .............. .........
10 1
P ottsvllle Union T rac tio n .— Sec E. Penn. Rys. 98 R ochester C harlotte f t M anltou R R .— See
Poughkeepsie C ity f t W applnger Falls ElecRylOO
R ochester & M anltou R R _________________ 102
Powell S treet Ry —See U nited R R s. of S. F . 108 R ochester-C ornlng-Elm lra T raction Co_ ____ 121
_
Power T ran sit f t Light (C a lifo rn ia).................... 9 R ochester & E astern R apid R y .— See New
Presidio f t Ferries R R ___ ______
10 s
York S ta te R ailw ays______________________101
P rospect P a rk & Coney Is la n d _______________ 10 R ochester f t M anltou R R ____________________102
Providence f t Burrlllvllle S tre e t R y. — Sec
R ochester R y .— See N. Y. S ta te R y s..................101
R hode Island Co__________________________ 74 R ochester f t Sodus B ay R y .— See N . Y . S ta te
Providence & Danielson R y . _______________ I 100
R y .................- ............................................................ 1 0 1
O
D O D G E
&
DAY
E n g i n e e r s —C o n s t r u c t o r s
6 0 8 C h e stn u t St.
Philadelphia
Utilities Department
In v estig atio n s an d R ep o rts m ade of E lectric R ailroad, E lectric L ight a nd Gas properties and
of projected developm ents.
e n tir e engineering an d con stru ctio n work In connection w ith new developm ents or reorganizations.
M ethods w orked o u t for o b tain in g high efficiency of operation.
Industrial Department
In d u stria l P la n ts exam ined a n d reports m ade recom m ending Im provem ents an d Introducing
m odern shop m ethods, to ellcct th e g reatest econom y of m an u factu re a nd adm in istratio n .
New In d u stria l P la n ts designed, co n structed and equipped.
J. G. White & Company
INCORPORATED
E N G IN E E R S —C O N T R A C T O R S
4 3 - 4 9 E x c h a n g e P l a c e . N e w Y o r k . IV . Y .
ENGINEERING DEPARTMENT
CONSTRUCTION DEPARTMENT.
S eparate M echanical, E lectrical, Civil an d H y d rau lic Engineering D ivisions.
R eports m ade on P ublic U tilities for B ankers an d In v esto rs. Act as
Consulting o r Supervising E ngineers.
E le c tric 'R a ilw a y s, E lectric L ig h t an d Pow er P la n ts, Steam R ailroads.
W ater W orks, Gas W orks, Irrigation ^System s, &c., &c., designed [and
b u ilt.
OPERATING DEPARTMENT.
FINANCE DEPARTA1ENT.
Electric R ailw ays, Electric L ig h t an d Pow er P la n ts, Gas W orks, W ater A ssistance given In financing m eritorious enterprises for Public Service
W orks, Irrig atio n System s, <Scc., o p erated .
U -U ltles. T ra n sp o rta tio n or In d u stria l purposes.
LONDON CORRESPONDENTS
J. G. W H IT E
9
&
C O ., L U I.,
Cloak Lane. Cannon St., LONDON,'E. C.
Page.
P age.
C ab ln e Tram Co..... .................................................. 121
S a c ra m e n to E lectric Gas & R ailw ay— See
C alifornia Gas A E lect. C o rp o ratio n ______105
Saginaw -B ay City R ailw ay A Light Co______102
Saginaw C ity Gas Co.— See Saginaw -B ay C ity
R ailw ay & Light Co______
102
Saginaw A F lin t R y _____________________
121
Saginaw Valley T ractio n — See Saginaw -B ay
C ity R ailw ay A L ig h t...........................................102
S t. A lbans S treet R y ...............
102
S t. Charles & S t. Louts C ounty Bridge— See
S t. Louis & S t, Charles Bridge Co................... 103
S t. Charles S tree t R R .— See New Grl. R ys. Co. 74
S t. Clair Incline P la n e ___
96
S t. Joseph R y ., L ight, H e at & Pow er (Mo.) .102
S t Louis Cable A W . R y .— See S t. L. A S u b . -103
S t. Louis D ecatur & C ham p. R y .— See Illinois
. . . _
_
37
T raction Co____________
S t. Louis Elec. Bridge Co.—See 111. T rac. C o .. 37
S t. Louis Elec. T erm inal Co_________________ 37
S t. Louis A M eram ec R iver R R .— See S t.
Louis A S u b u rb an R y _____________________103
S t, Louis M ontesano A S o u th e rn _____________ 121
S t. Louis & N o rth eastern R y _____________ 37
S t. Louis & S t. Charles Bridge Co___________ 103
S t. Louis S t. Charles A YVestern R R .— See
Missouri Electric R R ______________________103
S t. Louis A Spring. R y .— See 111. T rac . Co_ 37
_
S t. Louis & S tau n to n R y .— See Illinois T r a c .. . 7
’
S t. Louis & S u b u rb an R v .— See U nited R ys.C o.103
S t. Louis T ra n sit— See U nited R y s__________ 103
S t. P au l C ity R y .— See Twin C ity R ap. T ra n s . 68
Salem A E astern R y .— See S ta rk Elec. R R . . 10
Salem A W akefield— See Bos. & N or. St- R y . . 14
S alt L ak e & Ogden R y _____________________ 121
S alt Lake R ap id T ra n sit— See U ta h Light &
R ailw ay Co_______________________________103
S alt L ak e A U tah V alley R y ____________ _ 103
San A ntonio Gas A E lectric— See S o u th . L ight
A T ra c t o n ______
103
San A ntonio T rac .— See So u th ern L t. & T ra c . 103
San B ernardino In te ru rb a n R y ............................ 105
San B ernardino Valley T ractio n Co___________103
San Diego Electric R y _____________________ 103
Sandusky N orw alk & Mansfield E lectric R y . . 82
S andusky Frem ont A Southern R y .....................32
San. W in. & A m her. R y .— See D et. U n. R y s . 42
Sanford & Cape Porpoise R y .— See A tlantic
Shore Line R y _______________________
105
San Francisco Electric R ys.— See R ailroads A
Pow er D evelopm ent Co___________________ 106
San Francisco Gas & Electric C o_____________106
San Francisco O akland A San Jose Cons. R y.106
San Francisco & San M ateo Electric— See
U nited R R . of San F rancisco.......................... 108
San Jose-Los Gatos In te ru rb a n R y .— See P e n
insular R y ________________________________108
Sao Paulo T ram w ay L lgnt ec Rower C o .. 120
S a ra to g a T rac tio n — See H udson Valley R y .. 5
S a v a n n ah Electric Co__________ ________ — 108
S av an n ah T h underbolt & Isle of H ope R y .—
See S av an n ah E lectric Co_________________ 108
S chenectady R y . .................... ________________ 101
Schuylkill A D auphin T raction Co___________100
Schuylkill Electric R y.— See E ast. P enn. R y s. 98
Schuylkill H aven A O rw lgsburg S t. R y .— See
E ast. Penn. R ys__________________________ 08
Schuylkill Ry Co___________________________ 47
Schuylkill T ractio n (G lrardvllle. P a .) -------------47
Schuylkill Valley T rac .— See U nited P . & T . . 91
Scioto Valley T raction Co___________________ 34
Scran to n & C arbondale T rac tio n — See S cran
ton Railway S ystem ________
87
Scran to n & P lttsto n T r.— See S cran to n R y . . 87
Scran to n S u b u rb an — See Scranton R y ________ 87
Scran to n R y.— See A mer. Rys. Co____________87
Sea Beach R y .— See B rooklyn R. T _________ 17
''(■a C o a s t'fra c tio n .— See \ tla n tle Coast E lec. - 7
Seashore Electric R y ., A sbury P a rk — See A t
lan tic Coast Electric R y __________________
7
S eattle City Ry — See S eattle R y ____________ 109
S eattle Electric C o_____ ____________________ U'9
S e a ttle -E v e re tt T raction C o_________________ 109
S eattle R y .— See Seattle E lectric Co------------- 109
S eattle R enton A S outhern R y. Co___________109
S eattle T acom a In te ru rb a n — See P u g e t Sound
Electric Ry _____
109
S eattle-T acom a Pow er Co___________________ 109
Seattle-T acom a S hort L ine__________________ 121
Sea View R R .— See B rooklyn Union E l . .......... 18
Second Avenue R R .— See M etropolitan S t. R y.
System (N. Y .) ....................................................... 78
Second Avenue T rac tio n — See U nited T raction 94
Second A T hird S t. Pass. R y .— See U nion T r 90
Sedalla Light A T raction C o________________ 110
Selm a Street A S uburban R y ________________ 110
S ev en teen th A N ineteenth S tree t Passenger
R y —See Union T raction S y s te m .................... 90
S eventeenth S t. Incline Plane Co.— See P itts
burgh Rys. C o .___________________________ 96
Sham okln A M t. Carmel T ran sit Co ...................... 110
Sharon & N ewcastle R y s.— Sec M ah. & Shen.
R ailw ay A L ig h t__________________________ 118
Shaw nee-Tecum seh T raction Co______________ 110
Sheboygan L ig h t, Pow er A R y ----------------------110
Shelbyvllle A Ohio R iver Elec. R R ___________121
Shreveport T raction Co__ ____
110
Sierra A San Francisco Pow er Co.— See R ail
roads A Pow er D evelopm ent Co____________108
.Sioux C ity Service Co.— See Sioux C ity T r a c .- llO
Sioux CItv T r a c tio n ...........................
110
S ixth Ave. R R .— See M etropolitan S t. R y _ 78
_
S late Belt Electrlp S tre e t R y . ........................
85
Slatln g to n S t. R y .— See Lehigh V alley T ran . 6
Snoqualm le Pow er F alls— See S eattle-T acom a
P o w e r___________________________________ 109
R ochester & S u b u rb an Tty_________________ 101
R ochester Syracuse & E astern R R ............ ........ 102
R ockford Beloit & Janesville R R .— Sefe U nion
R ailw ay, Gas. & E lectric Co______________ 111
R ockford & F ree p o rt Electric R y .— See U nion
R ailw ay, Gas A E lectric Co______________ 111
R ockford A In te ru rb a n R y .— See U nion R ail
w ay, Gas & Electric Co__________ ______ _ _ 111
R ock Island S o u th ern H R __________ ■
_______ 68
R ockland A . A blngton S tree t R ailw ay—See
Old Colony S t. R y _______ ________________ 15
R ockland S o u th T n o m asto n A Owl’s H ead
S tre e t R y ......... ...................... ..
. . ............ 1 21
R ockland T h o m asto n & Cam den S treet R y 102
R o ck p o rt S tree t R y .— See Boston A N orthern 14
R ockville B road Brook A E ast W indsor S t.
R y .— See H artfo rd A Springfield St R y . 114
R ohrerstow n Landlsvllle A Mt. Jo y R y ______59
R om e C ity S t. R y .— See U tica A M ohawk
Valley R y ______ ._________ ________ __ _ _ io i
'
'
102
Rom e (Ga.) R ailw ay A Eight Co
R oxborough C hestnut Hill A N orristow n R y .
— See U nited Pow er & T ra n s p o rta tio n ____91
R u tlan d C ity Elec. C o — See R u tla n d R y . L t.
& Power Co. ....... ..........................._ _
._ 102
R u tlan d R y. Light A Pow er Co......... _............... 102
R u tla n d S t. R y .— See R u tla n d R y. L t. & P.C ol02
P age.
Somers A Enfield Elec. R y .— See H artford
& Springfield S t. R y _____________________ 114
Som erset Union A M iddlesex Lighting Co.—
See Public Service C o rp ----------------------------- 70
Som erville Horse R R .— See Boston El. R y ._ 14
S outh Bend A So. M lch.R y.— See So Mich. R y .110
S outh Brooklyn R y .— See Bklyu R ap. T r a n . . 17
South Chicago C ity R y .— See Cal. A S o.C h.R y. 23
S outh Covington A CIn. S t R y .— See C incin
nati Newport A Covington R y ............................34
South F erry —See Broadw ay A Seventh A v e .. 77
S outh Jersey G as, Electric A T rac tio n — See
Public Service C orporation-------------------------- 70
South Middlesex S t. R y .— Sec M iddlesex &
Boston S t. R y ____________________________ 14
S outh O range A M aplewood T rac tio n — See
Public Service R y _________________________ 71
South Side EL R R . C hicago________________ 27
South Shore & Boston S t. R y ________________ 13
South Shore T r a c tio n _________________________ 84
S outh Yuba W ater Co.— See Pacific Gas A
Electric C o . _______
105
Southern B oulevard R R .— See U nion R y ____79
Southern Colorado Power & R y _____________ 115
S outhern Electric Securities Co_______________ 76
Southern H eat, L ight & Pow er Co.— See P h ila
delphia C o ................
93
Southern Light & T raction Co. (N atchez)— Seo
Southern Railway & Light Co______________ 69
Southern Light & T raction (San A n tonio)____103
Southern Michigan R y ______________________110
S outhern Ohio T ra c tio n — See CIn. D a y to n &
33
Toledo T ra c tio n _________
Southern R ailw ay & Light Co________________ 69
Southern S treet R y ___________
27
S outhern T raction Co. of Illinois_____________ 121
S outhern T rac tio n —See P t'g h R ys. Co_______ 94
Southern W isconsin R y. Co-------------------------- 66
Southw estern Ohio T rac .— See CIn. A Col. T rac 27
S outhw estern S tree t R y. (under U nited Pow er
A T rans.) - _____
92
S outhw estern T raction (L ondon, O n t.)_______ 121
S outh W est Missouri R a i l r o a d ......................
116
Spokane A Inland Em pire R y. (w ith m a p )___ 111
S pokane A Inland R y.— See S pokane A In
land Em pire R y ....................
111
Spokane T erm inal C o ...S e e S pokane A Inland
Em pire R y _______________________________ 111
Spokane T raction Co.— See Spokane A Inland
Em pire R y ......... .....................
111
Springfield B elt R y. Co.— See 111. T rac . Co------37
Springfield (111.) Consolidated R ailw ay— See
U nion R ailw ay, Gas A Electric____________111
Springfield A E astern S tree t R y.— See New
Eng Inves. A Sec. C o___________________ 73
Springfield El. R y. (V t.)........................................ 112
Springfield (Mo.) Gas A Elec. Co.— Seo S pring
field Ry. A Light Co .......................................... I l l
Springfield (111.) A Jacksonville Electric R y ..l2 1
Springfield A N ortheastern T ractio n Co.— See
Illinois T raction C o______
37
Springfield (Ohio) R y.— See A m er. R ys. C o .. 87
Springfield (111.) R ailw ay A L ight Co.— See
Union R ailw ay, Gas A E le c tric ___________ 111
Springfield R y. Cos.— See New Eng In v e s ts
A Sec............................................................................73
Springfield (Mo.) R y. A L ight Co........................ I l l
Springfield (Mass.) St- R y .— See New E ng.
In v est. A S ec.____________________________ 73
Springfield (Mo.) T rac tio n — See Springfield
R y. A Light Co...............................
Ill
Springfield T roy A P lqua R y ________________ 112
Best Net Financial Returns
for the average interurban or long suburban
railw ay are insured b y the adoption of the
1200 Volt Direct Current System
Construction costs and consequently
fixed charges are lower than w ith any
other system , and m aintenance costs are
fully as low
T h ese statem ents are borne out by
the satisfactory experience ol the Indian
apolis & Louisville Traction Co., Indian
apolis, Columbus & Southern Traction
New York Office:
30 Church Street
Co., Central California Tract ion Co and
Pittsburgh Harmony Butler & N ew Castle
Railway C o , each of’ which is equipped
with General Electric 1,200 volt apparatus
Our Railway Department will he
pleased to subm it estim ates of the cost
of the 1,200 Yolt System as compared
with others.
Principal Office:
SCHENECTADY, N. Y.
Sales offices in
all large cities
For Great Britain and Ireland: The British-Thomson-Houston Co., Ltd., of Rugby,and 83 Cannon S t., London,E.C.
P age.
Springfield A W ashington R y ................................. 121
Springfield W ilm ington & C in c in n a ti________ 121
Springfield A X enia R ailw ay..................- ...........I l l
Springfield A W estern R y .— See In d ., Col. A
E a s te r n ...............
33
Stam fo rd S tree t R R .— See C onsolidated R y . . 72
S ta n d a rd Elec. Co.— See Cal. G. A E l. C o rp ..l0 5
S ta rk Electric R R . .................................................. <
5
S ta te n Islan d M idland R y ...........................
112
S teinw ay R y .— See N. Y. & Oueens Co. R y . . 60
Steubenville & E a st Liverpool R y. A L t. C o .. 44
S teubenville Mingo & Ohio Valley T rac tio n —
See S teu b . A W heel. T ra c ................................... 117
Steubenville T ractio n A L ight Co-— See S teu
benville A E ast Liverpool R y. & L t. Co------44
Steubenville A W heeling T ractio n C o ..............117
S tillw ater A M echanlcvllle— See H u d . V al. R y. 5
S to ck to n E lectric R R ..... ......................................... 112
Stonew all Valley E lectric R R .— See Southern
Colorado Pow er & R y ---------------------------------115
S tre a to r Gas A L t. Co.— See 111. L t. & T r. C o. 112
S u b u rb an R ailro ad (C hicago)................................ 27
S u b u rb an R apid T ran sit Co. (W innipeg)______ 120
S u b u rb an R apid T ra n . S t. R y ., P ittsb u rg h ,P a
— See C onsolidated T ractio n C o....................... 06
Suffolk L ight A Ice Co.— See N orfolk & P o rts
m outh T rac . Co..................................................... 81
Suffolk S y n d ic a te ____________________________ 84
Suffolk T ractio n Co__________
84
S u sq u eh an n a R y. L t. & Pow er Co_____________ 54
S u tro R R .— See U nited R R . of San Franclsco.108
S u tte r S t. R y .— See U nited R R . of San F r a n . . 108
Syracuse L ake Shore & N orthern R R ________ 112
yracuse Lakeside A Baldwlnsvllle R y .— See
Syracuse L ake Shore A Nor. R R . ..................112
Syracuse R apid T ran sit R y ...................................101
S yracuse A So u th B ay Elec. R R .......................... 112
Syracuse A S u b u rb an R R ___________________ 112
T a c o m a R y . & P .— See P u g et S. El. R y ___ 110
A am a q u a & L ansford S tree t R y .— See E ast
P en n . R y s............ ..........
08
T a m a q u a & P o ttsv llle E lectric R R .— See E a s t.
Penn. R y s _______________________________ 08
T am p a E lectric C o..................................................... 112
T arry to w n W hite Plains & Mam. R y _________ 70
T a u n to n A B rockton S tree t R ailw ay— See
Old Colony S tree t R ailw ay.............. - ............... 15
T a u n to n & B uzzard’s Bay S t. R y .— See New
Bedford A O nset R y ______________________ 71
T a u n to n & P a w tu ck et S t. R y ...............................112
T a u n to n S treet R y .— See Old Colony S t R y . 15
Tem ple S tree t Cable R y .— See P acin o E lectric
R y .....................- ................. .......... .........................62
Terre H au te Indianapolis & E astern T ractio n
Co. (w ith m a p )...................................................... 52
T erre H a u te T raction A L ight Co_____________53
T erre H a u te & W estern R y . Co.— See Terre
H au te T ractio n A L ig h t....................................... 53
T exas T ractio n Co....................................................... 35
T h ird A venue R R . (N. Y .)_ ................................... 78
T h irte en th A F ifte en th Sts. Pass. R y .— See
U nion T ractio n S y ste m ....................................... 00
T h irty -fo u rth S t. Crosstow n R y .— See M etro
po litan S t R y. S y s t e m . . ..... ................. .. . 78
T hom aston & W aterto w n Elec. R y . Co.— See
Conn. R y. A L tg _ ................................................ 72
Tide W ater P ow er Co____ __________________ 117
Toledo Ann A rbor A D etroit R y ...............
121
Toledo Bowling Green A Southern T ra c tio n __ 114
Toledo A Chicago Intcrti>-han R y ---------.121
Toledo C olum bus Springfield & C incinnati R y .1 2 1
•
'
P age.
P age.
U nion E lectric (D ubuque)--------------------------- 42
Toledo C onsolidated S t. R y .— See Toledo R ys.
A Light C o____________________ __________114 U nion Elev- R R -— See N orthw estern E lev------27
U nion Gas & Elec. Co.— See Tw in S tates Gas
Toledo Electric S tre e t R y .— See Toledo R ail
& E lectric Co............................- --------------------- 17
w ays A L ight------------------------------------------- 114
Toledo F a y e tte & W estern R y ----------------------- 114 U nion L ight. H eat A Pow er Co.— See C in
cinnati N ew port A C ovington------------------- 34
Toledo Fostorla A F in d la y ....................
114
U nion L t. & P .C o .— See N ashv. R y. & Lt..Co. 60
Toledo F rem ont A N orw alk S t. R y .— See
L ake Shore Elec--------------------------------------- 31 Union Loop—See U nion Elevated R R _______ 27
Union Pass R y .—See'U nlon T rac. S y stem _ 00
_
Toledo Gas Light A Coke Co.— See T oledo R ys.
A Light . . . -----114 U nion R ailw ay, Gas & E lectric (111.)...................I l l
Toledo H eat A Light Co.— S eeT oI. R y s. & L t.1 1 4 Union R y, of New Y ork____________________ 70
Toledo A In d ia n a R y ....................
..1 1 4 Union R y.—See C hester T r a c tio n .....................02
Union S tree t R y. (New Bedford, M ass.)------- 72
Toledo & Maumee— See M aumee V alley R ail
ways & L ight------------------------------------------- 114 U nlontow n A M onongahela Valley R y .—
See W est P enn R ys. Co___________________ 06
Toledo O ttaw a Beach & N orthern R y ..................114
Toledo P o rt Clinton & L akeside R y Co--------- 115 Union T raction Co. (S a n ta C ruz)____________ 108
Toledo R ailw ays A L ight Co. (w ith m a p ) ------111 Union T raction Co. of In d ia n a _______________ 6
Toledo T raction—See Toledo R ys. A Lt. Co. .114 U nion T raction (Independence)------- --------------- 52
Union T raction (P h ilad elp h ia, P a . ) ...................8 0
Toledo U rban A In te ru rb a n R y .— See Toledo
_
Bowling Green & S outhern T ra c tio n _______ 114 U nited Elec. Co.— See P ublic Service C orp_ 70
U nited Gas A Elec. Co.— See Louisville A
Toledo W atervllle A S o u th e rn —See M aumee
N orth R y. A Light C o____________________ 63
Valley R ys. A Light Co........................................ 114
Toledo & W estern R R ..................
111 U nited Gas A Electric Co.— See California
Gas A E lectric C o rporation .............. ............... 105
Tonaw anda Elec. R R .— See In te rn a tio n a l T rac 20
T onaw anda S t. R R .— .See In te rn a tio n a l T ra c . 20 U nited Gas A E lectric Co. (L ancaster, P a . ) . . 50
Topeka R y ------- ------------------------------------------ 115 U nited Power C o.—See E. Llv. T r. A L t. C o._ 44
Toronto (Canada) R y ------------------------------- 120 U nited Power A T ra n s p o rta tio n .........................91
U nited R ailroads of San Francisco (w ith m a p ) .108
T oronto A York R adial R y .— See T oronto
R y. (C a n a d a )--------------------------------------------120 U nited R ys. A Electric Co. of B altim ore_____ 9
U nited R ys. In v estm en t Co. (San F rancisco).106
T orrln g to n A W inchester S t. R y .— See Con
solidated R y --------------------------------------------- 72 U nited R ailw ays Co. (St. L ouis)____________ 103
U
T ractlo n al Co. of New J e r s e y .............................
20 nited S t. R y . of C entral New Jersey — See
Public Service R y ________________________ 71
T ran sit D evelopm ent Co.— See B rooklyn
5
R apid T ran sit C o .................................................. 17 U nited T rac tio n (A lbany) ...................
U nited T rac. A Elec.—See Providence Sec. C o. 74
T rappe A Lim erick Elec.— See R ox. C hest.
U nited T raction (P ittsb u rg h )— See Phlla. C o . 94
Hill & N orristow n..................................
01
T ren to n B ristol A Philadelphia S tre e t R y ------03
U nited T rac tio n (R eading, P a .)— See U nited
Power A T ra n s p o rta tio n __________________ 92
T ren to n Gas A E lect.— See So. Jersey Gas,
Electric A T rac tio n ------------------------70
U nited T ractio n S t. R R . Co.— See Du Bols
T ren to n Lakew ood A A tla n tic ------------------------121
Elec. A T rac . Co___________________________ 42
U rbana B eilefontalne A N o rth e rn R y .— See
T ren to n & New Brunswick R R ............ - ............... 88
In d ian a Columbus A E a ste rn _______________ 33
T ren to n New Hope & Lam bertvllle S t. R y .—
See New Jersey & P ennsylvania T ractio n C o .115 U rbana A C ham paign R y. Gas A Elec. Co . . 37
U rbana Lt. H. & P. Co.— See 111. T rac. C o . . . 37
T ren to n Pennington A Hopewell S tree t R y .—B
U tah Light & Pow er Co.— See U tah L t. & R y .1 0 3
See T renton S treet R y -----------------------01
U tah L ight A R y C o________________________ 103
T renton IN. J.) S treet R y .— See U nited Pow er
U tica Belt Line S tree t R R .— See U tica A
A T ran sp o rtatio n — ...............................
01
Mohawk V alley R y _______
101
Trl-C ltv R v .— See Tri-C ity R y . & L t. Co.............30
U tica & Mohawk V alley R y ................................... 101
Trl-C Ity R ailw ay & L ight Co. (w ith M ap)------30
U tica A S uburban—See U tica A Moh. V a l.R y . 101
Trl City T raction Co.— See Illinois T rac. Co_ 37
_
U tilities C orporation......................
59
T rin id ad E lectric R R . .. / S e e S outhern Colo.l
T rin id ad Elec. L t.A P o w .)P o w e r &R a llw a y jllS
U xbridge A B lackstone S t. R y ________________ 73
T r0y City R y See U nited T rac. (A lb a n y ). . . 5
V a lle jo Gas L t. C o.—See Pac. Gas & Elec. C o.105
Troy Hill Pass. R y .— See Fed. S t. & P . V alley
P. R y ............
04 * alley C ounties Pow er Co.— See Pacific
T ro y A New England R y ___ ____________
115Gas A Electric Co_______________________ 1 5
Valley T raction Co____ ______________________ 49
T uscaloosa B elt R y .— See B lrm . A Gulf R y . &
N av. C o . . . _______
115 Van B runt S tree t A E rie Basin R R ..... ............. 19
T uscaraw as T rac. Co.— See C an.-A k. Cons. R y . 5 Vicksburg R y. A L t. Co.— See V icksburg T ra c .l 15
Vicksburg T r a c tio n _____________
115
Tw enty-Second S t & All. Av. Pass. R y ______80
Vincennes Citizens S t. R y .— S eeV ln . T r. A L t.1 1 5
T w en ty -E ig hth A T w enty-N inth S treets Cross
tow n R R .— See M et. St. R y S y ste m _______ 78 Vincennes T raction & L ight Co-----------------------115
T w en ty -th ird A vc. E lc c .R y .— See O ak. T ra c t. 82 Virginia Passenger A Pow er Co.— See Virginia
R allw av A Pow er------------100
T w en ty -T h ird S t. R y .— See M et. S t. R y . S y s .. 78
Twin City General Electric Co_________________ 53 V irginia E lectric R y. A D evelopm ent Co.— See
Virginia R ailw ay A Pow er________________ 100
Twin City R apid T r a n s it------------------------------ 68
100
Tw in S tates Gas A E lectric Co------- --------------- 17 Virginia R ailw ay A Pow er.............................
T yrone E lectric R y .— See A m erican R y s. C o .. 85
abash R iver T raction Co.— See F t. W ayne
A W abash Valley T ractio n Co................... 46
nion Consolidated E levated R R ., C h ic ag o .. 27
W akefield A S toneham S t. R y .— See B oston
nlon D epot R R . (St. Louis, Mo.) — See
A N orth ern S tree t R y ____________________ 14
• United R ailw ays Co------------------------------103
W
U
H. M . B Y L L E S B Y & C O M P A N Y
E n g i n e e r s —M a n a g e r s
D esig n
C o n s t r u .. O p e r a t e
ct
Artificial Gas Systems
Street Railways
Water Works
Electric Light Plants
Irrigation Systems
Natural Gas Systems
Interurban Railways
Water Power Plants
Transmission Systems
Drainage Systems
E x a m i n a t i o n s —R e p o r t s
American Trust Building
Chicago
P age.
P ace.
W alden & O range L ake.— See O range Co. T rac. 81
W alklll T ra n sit Co..................................................... 67
W alla W alla V alley T rac tio n C o . . ........................ 115
W altham S t. R y .— See M iddlesex & B o sto n . . _ 14
W are & B rooklleld S tree t R y . . ............ ............... 118
W arren B rooklleld & Spencer S tree t R y ______115
W arren Co. R y .— See H udson V alley R y _____ 6
W arren & Jam e sto w n S t. R y .......................... ..1 1 5
W ashington A lex an d ria & Ml. V ernon R y ___ 116
W ashington A rlington & Falls C hurch R y ___ 116
W ashington B altim o re & A nnapolis Elec. R y l i e
W ashington & C anonsburg R y. Co.— See
P ittsb u rg h R ailw ays C o ...................
04
W ashington & G eorgetow n— See C apital T r 116
W ashington & Glen Echo R R .— See W ashing
ton Railw ays & E lectric______
116
W ashington & G reat Falls E lectric R y .— See
W ashington R ailw ays & E lectric.
116
W ash. & R ock. R y .— See W ash R y. & E'lec.'.'llG
W ashington Spa Springs & G r e t t a .. .
121
W ashington S t. R ys. Co.— See W ash. Rallw'ay
<x E l--------- ------------ ------ __
HQ
W ashington R ailw ay & E lectric C
o
. 1 16
Wash ngton (Ohio) T raction Co.............................121
W ashington W ater Pow er, S p o k an e......... ..
ill
W ash. W oodslde & F o r. Glen R ailw ay * Pow er
116
C o......................
W aterloo C edar Falls & N o rth . R ap. T r a n ___ 116
W atervllle & Fairfield R y. & L ig h t................. l i e
W atervliet T u rn p ik e & R R .— See U nited
T ractio n (A lb an y )____________
5
W atsonville T ran sp o rta tio n Co______________ 121
W ebb C ity N o rth e rn E l. R y .— See Southw est
Missouri R R ..............................
ne
W eb ster & D u d le y __________
_
74
W ellesley & B oston S t. R y .— See M iddlesex &
B oston S tre e t R y . . ............ .
.
14
W estboro & H opklnton S t. R y .— See Mld'dlesex & B oston S tree t R y . . .
14
W estchester E lectric—See U nion RyV.’NT y "" 70
W est C hester K e n n ett & W ilm ington E le c .R y ’ 57
W estchester T ractio n Co. (Ossining)
8.1
W est C hester S tr o -t R y ___
117
W est C hester & W ilm ington S tree t R v ............... 1 1 1
W est Chicago S treet R R .— See Chicago R ys.
Co_______. ________ ________
__
25
W est Chicago S tree t R R . Tunnef.— See’ Chic.
R ys. Co...............
25
W est E n d Passenger R y .— See F ran k to rd " &
Southw ark Passenger R y ..........................
80
W est E n d S t r e .t R y. (B o s to n )......................
12
W est End S tree t R y .— See D cnv. C ity. T r a m . 39
T H
W est E nd S t. R y .— See L ane. Co. R y. & L t_ . 58
W est End T rac tio n ,
P ittsb u rg h ,
P a .— See
P ittsb u rg h R ailw ays Co_.
04
W esterly & H opklnton S tree t R y .— See
Boston Su b u rb an Electric C om panies______ 14
W estern M assachusetts S t. R y . .............................7.1
W estern New York & P ennsylvania T rac. C o. 83
W estern Ohio R a ilw a y .......................................... 60
W estern R ailw ays & L ight Co.............................. 83
W estham pton P a rk R y .— See V a. R y . & Pow 100
W est In d ia E lectric C o .. .
118
W est L iberty S t. R y.— See P itts . & B lrm .
T ractio n C o ....................
.
95
W est L ib erty & S uburban S t.— See P itts. R y s. 94
W estm oreland C ounty R y __________________ 41
W est Penn R ys Co__________________________ 1)6
W est P h ila. P ass. R y .— See U nion T rac. S y s .. 00
W est R o x b u ry <: RosIIndale S t. R y ................... 15
5
W est Shore T ra c tio n ..................
12 1
W est Shore R y .— See C onsolidated R y ............ 72
W est Side R R .— See E lm ira W ater, L ight &
R R . Co_________________
44
W est W ater S t. R R .— See E lm ira W . L. &
W etzel * T y ler R R . Co________ .
"2 1
W hatcom C ounty R y. & L ight Co
10
W heeling & Elm G rove R R .— See C ity & Elm
G rove R R ________________
W heeling R y .— See W heeling T ra c tio n . 1111.117
W heeling (W est Virginia) T ra c tio n ___ __
117
W heeling & W estern R y _____________
n >
W lteh all & G ranville R R ......................................1 2 1
’h
W hitm an S t. R y .—See Old Colony S t. R y ___ 14
W ichita R R . & L ig h t............ ......................
84
W ilkes-Barre D allas & H arv ey ’s Lake R y—
See U nited Pow er & T ra n s p o rta tio n ................ 02
W ilkes-B arre & H azleton R y _________
50
W ilkes-Barre & H azleton R R . . .......................... 50
W ilkes-Barre T erm . R R . . . ________________ 50
W ilkes-B arre & W yom ing Valley T ra c tio n ___ 02
W llklnsburg & E a st P ittsb u rg h S t. R y .— See
M onongahela S tree t R y. C o....................
05
W llklnsburg & V erona S tree t R y .— See
M onongahela S tree t R y. Co................................. 05
W illam ette Bridge R y.— See P o rtlan d R y ___ 08
W llllm antlc T raction Co.— See Consol. R y _ 72
_
W ilm ington (D el.) C ity R y .— See W ilm ington
•
& C hester T r a c tio n ...................................
92
W ilm ington & C hester T raction Co.— Sec
U nited Pow er & T r a n s p o rta tio n .................... 92
W llm . & E dgem ore.— See Wllm. * Chester T r 92
W ilm ington New Castle & S outhern R y .
117
O
M
A
S
E L E C T R I C
N
Page
W ilm ington (N . C.) S tree t R y .— See Consol.
Railw ays Light & Power C o....... ...............
117
W In.& B. Horse R R .— See B urlington Trac.C o. 20
W inchester A ve. R y .— See Consolidated R y .. 72
W indsor Essex & Lake Shore R apid R y ______121
W indsor Locks T rac tio n Co.— See H artfo rd
& Springfield S tree t R y ......................................I l l
W innebago T raction (O shkosh)— Seo W iscon
sin Electric R y ____________________________ 46
W innipeg E lectric R y ...........................
.1 2 0
W innipeg E lectric S t. R y .— See W innipeg
Elec. R y ................................................................... 120
W innipeg Selkirk & Lake W innipeg R y _______120
W lnnlslm et R R .— See Bos. & N o rth . S t. R y . 15
W inona In te ru rb a n R y ...................................
116
W inona (Minn.) R y. & L ight C o ......................... 1 1 7
W inston-Salem R ailw ay & E le c tric ...................117
W isconsin E lectric R y .............................................. 46
W isconsin T raction Light H e at & Pow er______ 68
W oburn & R eading— See B oston & N o rth ___ 14
W oonsocket S t. R y .—See R hode Island C o.
74
W oronoco S t. R y .— See W estern Mass. S t. R y. 73
W orcester & B lackstone Valley S treet R y .—
See New E n r. Iu v . & Sec. Co____________ 73
W ore. & Clin. S t. R y .— See W ore. Cons. S t.R y . 74
W orcester & C onn. E a ste rn R y .— See Con
solidated R y _____________________________ 72
W orcester C onsolidated S tree t R y ...................... 74
W orcester & H olden S tree t R y .. ...............
74
W orcester & M arlborough S tree t R y .— See
W orcester C onsolidated.............................
74
W orcester R ailw ays & Investm ent Co________ 73
W orcester & S outhbrldge S tree t R y _______ 73
W orcester & W ebster S tree t R y _____________ 74
W yandotte & D etroit R iver R y.—Seo D etroit
U nited R ailw ay __________________________ 41
V o n k e rs R R .— See U nion R y ., N . Y . ............... 79
* ork R ailw ays______________
118
Y oungstow n & Ohio R iver R R ______________ 60
Y oungstow n-Sharon
R y.
& L ight.— See
Mahoning & Shenango R y. & L ight Co___ 118
Y oungstow n & Southern R y ________________ 118
Y psllantt & Saline R y.— Sec D et. Y psllantl
A nn A rbor & Jac k so n __________
42
y a n e s v llle Electrlo Light Co.— See Col.
Newark & Z an esv ille..............................
33
Zanesville Electrlo R y .— See Col. N ew ark
& Zanesville....................
33
Zanesville R y. L ight & Pow er Co.— See
Col. N ew ark & Zanesville..................................... 33
E
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