Full text of Commercial and Financial Chronicle : October 25, 1884 : Investors' Supplement, Vol. 39, No. 1009

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

OF

*»

THE

..

PoMMERCIAL~&

f INANCIAL ^HROWIClE.

October, 1884.

WILLIAM
;

The

Investors’

.

B.

DANA

&

(

0, PUBLISHERS,

79 & 61 WILLIAM STREET, NEW YORK.

Supplement is issued

ence

i:i two. months,

February, April, June, August, October and December, and

|

nished to

every

subscriber of the CHRONICLE.

the CHRONICLE at 50 cents

each,

or

the last Saturday of

viz., on

one

Extra copies

to others than subscribers

copy
are
at

of each issue is fur-

sold to subscribers of

§1

per copy.

{F.ntcred according to Act of Cosgross in tl;e year 18b4, by Villia-M 2. Dana 2: Co., in t'le oUloo of tike H^railan of Congress,
Washington, D. C.|




SMITH,

SAMUEL

RAILWAYS, GAS STOCKS.

jNSURANCE SCRIP, CITY

IN

DEALER

\EW YORK,

STREET,

BROAD

4

No.

1

CITY

AND RONDS.

STOCKS

RAILWAY

Capital.

Name of Company.
*

Name of Company

Par
Val.

Capital

>

Wll

II

Paid

i•

Payable,

and
\

.

....

Bid

mu‘

Ask.

-

2
Oct.. lw»t
1170
Broadway
7th Av. $2,100,000 $i()i 5 JuneADee., 190 t 105
1,5"0,00* l,o< 0
1 st mortgage
3i:
i< 0
-July, 1-81
, 23
90o,000
Bleecker Street
J.AJ July,190o 1 to
700,000 1,0. 'o 7
1st mortgage
Oet., 18-4
140
100 5 -U
t)0O,( 0"
Central Cross Town
due 1922 1 1
210,000 l,o< o 0 ALAN.,
1st mortgage
1
Oet.. 1884
jl 7
100 2
1,R« 0,000
Cent. Pk. N A E. 1 iv
7
:.I &D.,Dee.,190.>|119
1,00.
1,213,000
Consoli ’at’d bondloo 3 ! August. 18^4
37
(150,000
Christ’r <k 10th Sts
280,000 1,000 7 ’April A Oet.. ’98 111
5 st mortgage
Nov., 1884
092
10o
1, 00,000
D. D E. B. & Battery
5oo 7" I. & 1), J., 1893 11(5
8f 5,00(
1st mortgage
Feb.* Aug ,1901 1< 2
l,20iV 0.* Vars 0
Scrip
1"0 2
Nov., 1881
,140
250,000
Hous.W.St.&Pav.F’y
J. & J
50o 7
Julv, '<) 1,110
500,000
1st mortgage
100 3
Nov., 1-84
250'
50,0 ‘O
42d St. & Or. St. F’y.
A. AO., 1893
110
235,000 1,00> 7
1st mortgage
1
lot
o
August, 1-81 i i 75
Twenty-Third - troet.
M
N M.,18930 12
382,00. 1,001 7
^ st mortgage
10
Oct., 1-84
1*250
2*g;
I,0o0,o()(
Eighth Avenue
Jan.& July, t9C l! >« 5
1,« >00,0» 0 Vsir’s 0
Scrip
f
100
!«•()
Soo,ooo
Nint li Avenue...
—

,

...

-

■

,

i

,

17G
107
25
112

150
113
139

111
197
117
105
l 50
112

STOCK

IV o.

Third Avenue
Bonds
.

Second Avenue..,..
Consul convertible
3d mortgage

1(0
1,5<12,000
1,050,000 1,000

150,000 1.000

GAS

Name or

STOCKS

112
180
1 15
300
no
t* 5

Nov., 1884
M.f
&0., A.,

M.&N
A.

Bonds
Harlem

Equitakie

I.....
300

1SS-;105
18-511 < 0

115
305
113
200
H 0
05

AND BONDS.
Rate.

Various.
do
6

Various.
7
10
0

750,000
3,50. v>(>0
1,500,000
4,0 0,Oi >0
1,85'*.000
2,u00,000

New York

,

Ask.

,305

1890,111
July. 18^1
115(5

700.000

Mutual

295

!

J.A J.,July,

3/ 0",000

Various.
0

Bid

Ask.

300
240
107
225
10H
130
102
100
125

310
250
230

93

i.32
170
135
96

SWAN & BARRETT,
BANKERS

IVo.

street,

March A sept.

2,500/-00

Bonds

Bid.

&J.,July, 1-90 110

$1,0 0,000

Manhattan
Metropolitan
Bonds

New York

March »fc Sept.
J

Capital:

Company.

BROKERS,

COMMISSION

lJi •oad

3 1

Scrip

$750/ 00 $10(1
501 ,0‘»0 l,oO*
750/ on Var’s
100
2,000,000
2,o0o,000 1,00'

Municipal

LAWRENCE BRO’S & CO.,
AND

'

121

.

BANKERS

Sixth Avenue
1st mortgage

When Paid
and Payable.

Par
Val.

Sl

BROKERS,

Middle

1 80

{Street,

u

NEW

PORTLAND, ME.

YORK.

CYRUS J.

DEWITT C. LAW HENCE,

LAWRENCE,

Dealers in Government,

Bonds, Bank Stocks,
Members of

GEORGE

Securities constantly on

SISTARE’S

K.

and Railroad

&c.

Desirable Investment

Sew York, Stock Exchange.

State, County, City

band.

SONS,

13A

\<*8.

Ui & 18
1 WESTERN

We transact a

credit interest on the

daily

UNION TELEGRAPH

York.

BUILDING.)

all llrst-diss State, City, Town and County Bonds.
balances at the rate of 3 per cent per annum, and render accounts current

General Banking

We allow interest jii

Broad Street, Xew

business and deal in

last d;»y of each

and

month.

Railroad and other
the btst info; illation

deposit accounts with us we collect and credit United States,
Coupons and dividends p ayable in this city without charge; make careful inquiries and give
we can obtain respecting investments or other financial matters;
and in general servo their interests in any way
in which vie can be of use to them in our line ot business.
All deposits are subject to Check ait Sight without notice.
One of our firm is a member of the New York Stock Exchange, and we give particular attention to orders
mail, telegraph or in person, for the pu:*chase*or sale, on Commission, of Stocks and Bonds.
For




parties keeping regular

by

OF

rpMMERCiAL
[Entered according to

act of

Financial Chronicle.

&

Congress, in the year 1884, by Wm. B. Dana

NEW

INVESTORS’

YORK,

SUPPLEMENT

(f^jomnurttal & jfinartml (jjjjronttlt.
published

on

the last

one

copy of each issue is furnished to all

Additional copies of auy issue
and to persons not subscribers

WILLIAM

single copies

B.

DANA

are sold at

Sc

79 cC* 81

each.

$1 each.

a

lack of that
to

bank.

the

In

some

cases

the

directors and officers of

promoters of

railroads stake

their

cism to be made

quite

loss in such

a

on

often the

as

cases

the motives

or

case

there is

no

hostile criti¬

character of those

that railroads

only to get off the securities

on

are

the

and the

RAILROADS IN DEFAULT.
The tables

on

the three

of the railroad
in

following

pages present an exhibit

companies in the United States defaulting
the payment of interest on their bonds.

This article and its statistics
our

railroad

are

but

a

third

history, following naturally the

chapter in
two other

men.

organ,

public,

projectors do this as soon as possible and get out
of the
enterprise themselves just before the inevitable
default occurs,
having sold all their own stocks and bonds
at the
top prices. They are held to no
accountability by
the public;
they are sheltered behind the impersonality of
a
corporation; there is apparently none of that odium
attaching to them which attaches to a merchant who

chapters which have preceded it—the first, published in fails half a dozen times and always fails rich.
the Chronicle of
Where were the fabulous
January 22, 1876, showing the defaulting
profits made out of the insol¬
railroads of 1873-1876 ; the second
vent railroads of 1873-1876 ?
Time and space are
chapter, published in
wanting
the Supplements of
to mention them
August and October, 1881, showing
all, but as the stocks then went to mere
the railroads then
building and projected in the United nominal prices and their bonds in the twenties, thirties and
States and the capital
expenditure which they called for. forties, an examination of the long list in the Chronicle of
These three chapters should be studied
together by readers January 22, 1876, will show at a glance a great number of

of the

Chronicle.
There is naturally an inclination to
compare the present
period with the disastrous years 1873-1876, and

railroads

in which

there

immense profit between
prices of 1876-1878 and the highest of 1879—
1881.
A good
proportion of the railroads that were even
although
no close
analogy is possible, a rough comparison of the decently located for business were
resuscitated, and the first
general results in each period may be made.
mortgage
lost
bondholders
nothing if they held on to their
Taking into
consideration, then, the total mileage and bonded debt of securities.
all railroads in the
In the former
country on January 1, 1876 and on
period of defaults, about twenty com¬
January 1, 1884, respectively, and the miles built and bonds panies out of the total of 197 that were embarrassed were

during five years preceding each of those dates, the old railroads that
following summary may be given of the approximate results paying business.
from

the

grand totals in each period,—the
comparison being quite favorable to the present time.
Mileage.
Total of defaults Oct., 1884
Entire RR. system of the
country Jan., 18S4
Ratio of defaults
Total of defaults 1873-1976
Entire RR. system Jan. 1, 1876
Ratio of defaults

1314 p. c,

$315,283,000
$3,455,040,383
912 p. c*

3604

-I

Inc. duringtive years
preceding Jan. 1,1876
*

15,986
121,592

Bonds in default.

$783,967,665
74,096 $2,175,000,000

Increase in mileage and bonds
during live.
years
preceding Jan. 1, 1884

39,818
21,232

Estimated at $30,000 per mile.

$1,157,249,467
$636,960,000

weli established

and

once

had

a

In the present period, out of 42 com¬
panies named in the table, none can be
fairly said to have
had a well-established
and

such

companies
category.

as

in that

The table

paying business on the
existing liabilities, unless
Erie, Wabash and Reading be classed
and

following is intended to embrace, substantially
companies defaulting in the past five years

all the railroad

and which have not resumed the

full. Mexican and Canadian

payment of interest in

roads, being out of the United
Roads foreclosed and
entirely re¬
organized are also excluded. Only the particular issues of
bonds are taken on which default has
been made.
The
column of mileage

States,

The whole number of
companies in default now is only 42,
against 197 in the former period; and in
every respect the
railroad defaults of 1884 are so much
below those

each

similarity

record

are

excluded.

gives the whole mileage operated by
company, and not the mileage alone on wrhich the
disastrous time which followed the crisis of
1873,
that
defaulted bonds are secured.
The date given is that of
the two periods are
hardly to be named as having a close the first default. The column
of remarks contains
of the

l

were

basis of their present lines

•

was an

the lowest

issued

obtained

a

to each other.

In the reflections which




naturally arise

on

this subiect

a

reputation on the success of the
enterprise in which they invite the public to invest
money,
and

ized and built

William Street.

responsi¬

personal accountability to the

public which attaches

But it is

CO., Publishers,

mind is the absence of

to

comes

bility to the public, either in money or in business reputa¬
tion, among the projectors and organizers of railroads.

if there is

sold to subscribers at 50 ceuts

are

Congress, Washington, D. C.]

1884.

tlieir fortune and

regular subscribers of

the Chronicle.

25,

the first which

There is

Saturday of every other
month—\4z., February, April, June, August, October and
December
and

& Co., in the office of the
Librarian of

OCTOBER

OF THK

The Supplement is

THE

of facts

and

duriner the year just

brief

usually the Board of Directors
preceding the roadV- embarrassment.

Moilefs iRuoad System.

Name of Road.
s

SUPPLEMENT.

INVESTORS’

2

'

(Tex).—

t
[Oct.,
1883 Minor road in Texas. Directors, 1883: J. A. Rliomberg, W. G. Walters,
DulHK]iie, la.; F. T. Walker, Cedar Rapids, la.; W. II. Westfall, Burnet,
Texas; Leander Brown, J. T. Breckenridge, E. Christian, A. L. Rhomberg, A. P, Wooldridge, Austin, Texas. Mr. J. A. Rhomberg, President

’

i
'

|

j

Remarks.

of

6

420,000;

.

Date of
Default.

1

|

!

$

60

j

Interst Doatfe MaturiyBonds
’

.

Austin A Northwestern
1st mortgage

Raotfe

Amount of
Bonds in
Default.

Vol. xxxix-

and Receiver.

,

.

Buffalo N. Y. & Philadelphia—
Consol mortgage
J
Trust mortgage
General mortgage
Buffalo Pitts. & West, mort...!
let mort., Oil Creek Line
1st mort., Union & Titusville..!
Consol mort., Pitts. T. A B—

672

6
6
6
6
7
7

900,000

j

Burlington & Northwestern—
1st mortgage
2d mortgage

52

1921 Aug.,
1923
1924

6

7,000,000
2,800,000
2,200,000
4,027,000
573,000
500,000

York & Philadelphia, Buffalo Pittsburg
both Buffalo

& Western, and other roads in Western New York and Pennsylvania,
but mileage is largely new, lines having been built into
and Rochester. The company’s difficulties are due to the depression in
the coal trade and the multiplication of new lines in its territory. Three

192l|

iy]2|

cent on the coupons for three years will be paid in cash, the bal¬
being funded on all the bonds here enumerated, and the company’s
circular submitting the plan is in Chronicle, Vol. 39, p. 127. Board
of Directors was: E. W. Clark, C. H. Clark, E. A. Rollins, B. K.
Jamison, Phila.; C. H. Allen, Archer N. Martin, Isaac N. Seligman,
E. F. Winslow, Bryce Gray, E. L. Oliver, New York; P. P. Pratt,
B. C. Rumsey, Buffalo.

1890
1896

per

ance

la., to Burlington. Directors were: Thos
Cook, W. W. Baldwin, T. W. Barhydt, D.
Leonard, John T. Remey, H. Herminghaus, George Millard, John S.
Cameron, George C. Lapman, C. P. Squires, Burlington, la.; A. W.
Chilcote, Norman Everson, Washington, la.; J. T. Davidson, Win¬

1889 Feb., 1884 Road runs from Washington,
1886
Hedge, E. D. Rand, Lyman

7

120,000
83,800

1884 Combination of old Buffalo New

8

1.Seny,

field,-la.
California Southernlet mortgage

130

1922 July,

6

3.101,000

1884 Road has its terminus on San Diego Bay, but is without satisfactory
through connections East. Early in the year storms and floods washed
out the line badly, the damage being estimated at $250,000.
Urgent
appeals were made to provide the money necessary to repair the dam¬
age, but the full amount could not be raised, and tie fault on mortgage
interest was made July 1. Directors are: Thomas Nickerson, A. B.
Lawrie, Boston; J. N. Victor, Frank A. Kimball, National City, Cal.;
M. A. Luce,

Cincinnati Col. A Hock. Valley—
1st mortgage

Cincinnati A Eastern—
1st mortgage
2d mortgage
1st mortgage

[28

560,000

6

1922,Jan., 1884 Small Ohio coal road, opened in 1882. T. J. Hanna, Cincinnati, O., is
Receiver. Directors: John L. Pfau, D. P. Hyatt, Eugene Snowden,
Wm. C. Herron, George E. Clymer, W. H. Harper, James H. Mathews,
Cincinnati, O.

125

484,600
242,200
86,800
196,600

7
7
7
6

1896
1890
1908
1912

56

460,000

6

1911 July,

branch

Consol mortgage

Cleveland Delphos A St. Louis—
1st mortgage

San Diego.

farrow-gauge road, Cincinnati to Portsmouth; original company putin
receiver’s hands in 1879,wlio remained in possession till 1881. Present
receiver was appointed September, 1883. Directors were: W. R.
McGill, Newtown, O.; S'. Feike, Sardinia, O.; H. B. Moorhead, Henry
Lewis. J. D. Ellison, J. H. Rhodes. P. Roach, G. Y. Roots, A. H. Birgher,
O. K. Hardin, L. Drake, F. H. Baldwin, Lewis Glenn, Cincinnati, O.:
M. Jamieson, Batavia, O.

1884 Narrow-gauge road. As projected extends from Delplios to Cleveland,
but only 56 miles (out of Delphos) yet completed.
Win. Semple, the
President, has been appointed receiver. Road is to be changed to
standard gauge.

Cleveland A Marietta—
1st

100

mortgage

1905 Aug.,

7

1,000,000

1884 Present company was

organized in 1880 out of the former Marietta

Pittsburg A Cleveland. Commodore Garrison has been the leading
spirit in the new company, and his embarrassment led to the default
on interest in August.
Directors: Larz Anderson, Cincinnati; John
G. Warwick, Massillon, O.; Oliver Garrison, St. Louis; M. D. Wood¬
ford, F. B. Sway lie, Toledo, O.; F. R. Baby, R. M. Gallaway, R. C.

Livingston, Mortimer Ward, New
Warner, Marietta, O.
Clevel’d Youngstown A Pitts.—
1st mortgage

42

....

1921 Jan.,

6

500,000

i

-

Connotton

Valley—

1884

York; Douglas Putnam, A. J

operation from Minerva to Phalanx, Ohio. Receiver appointed
Board of directors: Henry W. Ford, President; T. T.
Buckley, L. M. Lawson, W. R. Bergholz, New York; A W. Coates,
Silas J. Williams, Solomon Hartzell. Alliance, Ohio; Robert Martin
(now Receiver), J. C. Floyd, Steubenville, O.

In

March, 1884.

Consolidated mortgage

161

1922!
1882 Narrow-gauge road. Became embarrassed early in 1882, but having
6,359,000 5 A 6 1922'Nov.,
acquired Connotton Valley A Straitsville Road issued the present con¬
solidated mortgage, on which default was made iu November of same
year. Directors, May,1882.were: Francis Bartlett,Sidney Bartlett, Jos.
B. Thomas, Albert N. Parlin, Boston; Wm J. Rotch, Wm. Roteli, New
Bedford: Cyrus Wakefield. Wakefield, Mass: John A. Beebe, Nan¬
tucket; Samuel Watts, Thomastown, Maine ; Wm. O. Chapman, Cauton. Mass; Wm. A. Lynch, E. I). Bishop, W. W. Himgerford, Canton,
Ohio; Isaac H. Taylor, Carrollton, O.; Samuel Allen, Dell Roy, O.

Denver A New Orleans—
1st mortgago

138

2,469,000

April,1883 Built by construction company

1921

6

i

Danville Olney A

elected : Cyrus W. Fisher, D. H. Moffat, Geo. Fritcli, Wm. Barth, J. 8.
Brown, C. B. Kountze, 8. H. Elbert, R. W. Woo Ibury, all of Denver,
and (i. M. Dodge of New York. Mr. Fisher was President, but Mr. John
Evans of Denver was the original President and Manager.

Ohio River—

100

801,000

7

1910 Nov.,

7
5

1910
1913

6

j 1911

;

Denver A

Rio Grande—

1,317 19,740,500 !
2,500,000

1st consol mortgage

General mortgage

!

West’n—

i

368

6,900.000
,

i

Denver Western
ist mortgage

A Pacific¬

j

i

20

1,COO,COO

7

i

|

1911

1st

mortgage

152

6

2,280,000

tali connection of Denver A Rio Grande, to which the D. A R. G. W. is
leased for a rental equivalent to 40 per cent of gross earnings, with
bonds guaranteed. J. W. Palmer, President.

►nly 20 miles long, from Denver to Longmont, and controlled by Union
Pacific. Receiver appointed July, 1884, at the instance of some of the
bondholders.

!

Detroit Mackinac A Marquette—

1882 Small road in Illinois. Formerly narrow gauge but subsequently changed
to standard.
Directors: Parker C. Chandler, President, Boston; O. W.
H. Upham, Salem, Mass.; John B. Briscoe, Westfield. Ill.; Joseph
Picquet, St. Marie, Ill.; Joseph G. English, Charles Howard, Danville,
Ill.
Road being re organized iu Mr. Austin Corbin’s interest. Plan in
CHRONICLE, V. 38, p. 379.

July, 1884 Pushed by Gen. Palmer. Road paid dividends on stock for a time dur¬
ing process of construction work, General mortgage bonds issued last
year it was supposed would relieve company of its embarrassment,
but default on 1st consols took place in July, 1884. The Palmer board
was composed of Wm. J. Palmer. C. F. Woerishofl'er, Henry E. Sprague,
Adolph Engler, L. H. Meyer, Addison Cammaek. New York ; Daviu C.
Dodge, Denver; Wm. L. Scott, Erie, Pa.; A. J. Cassatt, Philadelphia.

■

Denver A Rio Grande
1 st mortgago

of same name. Company gave stock and

bonds of railroad company as collateral for security of its promissory
-notes issued to get funds to carry on construction work.
Default
made in payment of notes and collateral sold. At the last election—
March, 1883—preceding the default, the following directors were

1!

!

1921

extent, are

the original projectors of the road.

Directors: James

McMillan, President, John S. Newberry, Hugh McMillan, Francis
Palms, Geo. Hendrie, Wm. B. Moran, F. E. Driggs, Detroit, Mich.; Geo.
N. Y. Line is situated in northern peninsula of Michigan.
Little Rock Miss, Err.
1st mortgage
2d mortgage




A Tex

—

170

7
7

1,871,500

1,106,000
;

|

19C.6
1911

1883 Road runs from Little Rock to Arkansas City, and company became
embarrassed in 1883 by reason of a floating debt accumulated in build¬

and also by reason of insufficient earnings. Coupons
funded—to and including Jan., 1885, in case of second
mortgage bonds.
Directors are: Elisha Atkins, President, F. G.
J e\U*r, Boston. Mass.; E. II. Winehester, Portsmouth, N. H.; J. E.
Redfield, Essex. Conn.; V. D Wil'-ins. Pine Bluff, Ark,; C. F. Penzel,
D E. Jones, J. T. W. Tiilar, L. A. Pindall, Little Rock AWc.

ing the road;
have been

INVESTORS’ SUPPLEMENT.

October, 1884.)

i

4-

--Si Amount of
Name

isii
oJ.I

Road.

of

=

Louisville Evansv. A St. Louis-

Bonds in
Default.

S'Ss

o Jca

Remarks.

$

1921|Mar., 1883 Consolidation,

1,000,000

1902

135*

2,600,000

1907

94!

750,000

Memphis A Little Rock-

Nevada Central¬
...

;

after forecl sure and re-organization, of the old Louisville
N. Albany & St. Louis, with the Evansv. Rockport A Eastern. Forms
a line between Louisville and Hr. Lmis.
Two years’ couoons funded
March, 1883. Branch bonds are not included in the lirst
mortgage
lu re given, interest on the same having been
paid after it fell due.
Directors: Jonas II. French, President. Isaac T.
Burr, John Goldthwait,
W. T. Hart, II. C. Nutt. F. B. Taylor, F. B. White. Boston
;
Bluford
Wilson, Springtield, II; Samuel Bayard. Wm. Heilman;
Evansville,
led.; Morris McDonald, New Albany, Tnd ; St. John
Boyle, C. Brock enbrough, John B. Bangs, J. M. Fetter, Bennett II. Young, Louis¬

ville, Ky.

i

,

General rnort. land grant

mortgage

Date of
Default.

4-1

255! 3,000,000

1st mortgage
2d mortgage

ist

3

)

July,

.

1882jRoad has been sold

out and re-organized several times, the first time in
1873. Present ditlieulty grows out of the effort of the Gould
party
to compel bondholders to accept a reduction of interest to 6
per cent
from 8 per cent.
Failing this it was sought to have the bonds
declared void, but Junge Caldwell did not sustain the eiaim. He sub¬
sequently (Aug. 7, 1884,) issued an order turning the property over to
R. K. Dow and others, as trustees for the
bondholders, but
an
appeal to the U. S. Supi erne Court, the Receiver remains in pending
possession.
The board of directors in 1882 was: Charles
Essex, E. K. Sibley. B. C.
Brown, Little Rock, Ark.; F. A. Marquand, H. G. Marquand, Jay
Gould, New York.

!
i
1904,Oct., 1884 Controlled by Union Pacific, which was in the habit of making good
any
I
deficiency in net earnings to meet interest. But with Mr. Adams iii
;
t
the presidency a new policy was
adopted,
and
default
wa-s made
I
October 1, 1884.

New York City A NorthernGeneral mortgage

*

54! 3,697,000

1910

i

May, 1882iWas intended to form anew through line
the Metropolitan Elevated and the N. Y.

to Boston, in connection with
A New Eng., but little appears
Directors in 1882 (time of default) were :

'

to

i

!
New York Lake Erie & West’n2d consol mortgage.. -

1,073! 33,597,400

R.

have been accomplished.

M. Gallaway, President; Lewis
May, C. F. Woerishoffer, C. K.
Garrison, W. R. Garrison, J. F. de Navarro, A. Hegewisch. Arthur
Lear.v, J. P. Kennedy. A. V. Stout, G. J. Forrest, R. C. Livingston,
A F. de Navarro, Jr., all of New York.

1969; June, 1884 Earnings have fallen off heavily during the

present year, and company
also suffered through the Grant A Ward fiasco. This
mortgage can
be foreclosed until default has occurred ou six consecutive
cou¬
pons. Company has been under control of English voting
trustees,
Messrs. T. W. Powell, J. Westlake and Sir Edward Watkin, in
whom
voting power on half the stock was lodged until the dividend on the
not

•

j

preferred stock had been paid for three
done, said stock

was

years, which having been
released in March, 18>'4. At the election in 1883
R. Butler, Charles Dana, James J. Good¬

the directors were: Tlieron

!
|
(

r

New York A New
2d mortgage
Car trusts

England—
384;

i

2,833,000
1,239,000

6
6

,

1902: Jan., 1894

[83-92

win, John F. Pierson. Harrison Durkee, R. Suydam Grant,
Hugh J.
Jewett, John Taylor Johnston, Jacob II. Scliiff, J. D. Fish, William L.
Strong, New York; Solomon S. Guthrie, Buffalo. N. Y.; Homer Ramsdell. Newburg, N. Y.; Cortlandt Parser. Newark, N. J ; Thus.
Dickson,
Scranton, Pa ; J. Lowber Welsh,Pliila., Pa ; F. N. Drake,
Corning, N.Y.

jThis is the former Boston Hartford <fe Erie
! New York A New England made default, on

As now constituted, the
the 16 million first mort¬

gage bonds last January, but the interest was by arrangement subse¬
quently paid in full, and the July coupon was cashed by the Continen¬
tal Bank, Boston, to be taken
up by the company when the receiver
gets in funds, as had been tile January coupon; so these bonds are not
included in our list. The second mortgage coupon for

February. 1884,

paid in July, and that for August
defaulted April 1. paid later,
Principal of $135,000 of these fed due
October I. but has nor yet been paid.
was

remains unpaid. The car trusts
and again defaulted October 1.
in April and was extended to
One of the company’s main dif¬
ficulties appears to have been the.
carrying of through business at
unprofitable rates. The board of directors was: Charles P.
Clark,
Newton. Mass.; William T. llart, Thom is Nickerson, Eustace C.
Fitz,
Francis L. Higginson. Jonas II. French;
Boston, Mass.; Jesse Metcalf,
Providence,, k. I ; Henry C. Robinson, Hart fold, Conn.; George M.
Landers. New Britain, Conn.; Fred. J. Kingsbury,
Watcrbur.v, Conn.;
George G. Haven, Charles G Francklyn Wm. 8. Webb, Cyrus W. Field,
Jay Gould, Hugh J. Jewett, Russell Sage, George B. Roberts, New
York City; W. F. Sayles, Pawtucket, R. L
were

Ohio Central¬
ist mortgage, main line...
1st mortgage, Mineral Div
1st mortgage, River Div.
Term inal uiortgage
('ar trust certificates No. 1
Car trust eertiiicates No. 2

•

473150,000,000

353

3.000,000
•

107,000

5.316,000
600,000
j
,

320,000
1,800,000

5

6.

!

6
6
6

;

I

New York West Sh. A Buffalolst mortgage

1931

July, .18S‘ljParallel line to New York

1920
1921
1922

Sept., 1883 One of the

Central. Substantially built, but resources
proved insufficient for the emergency, and there being no provision to
tide over the early stage of small
earnings, the concern was forced to
suspend. The West Shore A Ontario Terminal bonds, though guaran¬
teed by the West Shore
jointly with the Ontario A Western, are not
included in this list, since they do not represent a direct
obligation of
the company, and moreover are a
mortgage on real estate. The
directors of the West Shore elected last
January were: George M.
Pullman. Chicago, 111.; Hoiace Porter, Long Branch;
Edw.D. Adams,
Frederick Billings, Elmer L. Cortlnil, John W. Ellis. Theo.
Houston,
John J. McCook, Henry K. McIIarg. H. Victor
Newcomb, Charles F.
Woerishoffer. New \ork; Peter B. McLennan,
Syracuse, N. Y.; John
U. Kerr, Newburg, N. Y.

1

j.

! 1920:

8

An’ly!

8

An’ly;

so

calied Seuey

roa

....

...

_

_

....

the llocki' g Valley;
subsequently extended into West Virginia, and
on this section (River
Division) default was first made. On January 1.
1881, default on main line also followed. Directors were: Samuel
Thomas, Columbus, Ohio; Calvin S. Brice, Lima. O ; J. S. Stanton,

Shethar, New York City; George I. Heney. Brooklyn, N. Y.;
Cleveland, O.; Joseph S. Miller, Wheeling, w. Va.; M.
D. Carrington, Toledo, Q.; A. F. Gobi In aw, George Moore, N. Y
City;
John T. Martin, Brooklyn.
(Plan of re-organization in Chronicle, V
39,
Samuel

Daniel P. Eells,

!

p.

Painesville & Youngstown
1st

mortgage

Philadelphia & Reading-

Convertible bonds
Debenture loan
Conv. Adjustment scrip.
New consol 2d series

62

400,000

1.583'
i
i

10,389,900
650,200
4,000.000

1,689,500

1910 Jan..
I

1893
1893
1888
1933

297.)

1882;Nnrrow-gauge road in Ohio, with termini
i Paige, Painesville, O., is Receiver.

July, 1884;Company
:

i

,

;

indicated in

name.

[Ralph K.

placed in receivers’hands early in June, but interest on
was paid.
The coupons on the general
mortgage bonds due July 1 were purchased by Messrs. Drexel A Co.
for the^company at face value, but default was made on other
issues,
as here given.
The road suffered a large loss of earnings from restric¬
tion of coal production, and the lease of the Central of New
also entailed a heavy deficit. The Central N. J. is included Jersey
in the
mileage given, since it forms a part of the Reading system now. Man¬
the

was

1st consols due June 1

elected

at the January election were J. B.
Lippincott.
V. Williamson. Loring A. Robertson, E. C. Knight.Henry
J. B.
Altemus. At this meeting Mr. Franklin B. Gowen retired from
the
presidency, and Mr. George De B. Keim was elected in his place.
agers

Lewis, I.
1

Pittsburg SouthernMortgages

54; 1,040,000

1880

Washington, Pa., with 17 miles of branches.

Poughkeepsie Hartf. A Bostou2d

mortgage




Baltimore A Ohio secured possession of most of the
bonds, and in June
last began foreclosure proceedings. Road runs from
Pittsburg to

47

535,000

1905:

<0

.Originally sold under foreclosure, in 1875. The re-organized company
!
again became embarrassed, and in January of the
present year the
i
second mortgage here given was foreclosed and a new
company is
;
being organized. Directors: George I’. Pelton, President; J. F. Wins¬
low/George Innis, E. Ellsworth, J. G. Wood, W. A. Davies, 0.11.
i. J. Co
Bo'»th.
■
“ ?nrlios.
Poughkeepsie,
N. Y ; E.
L. Bodes, New Y< rl:.

.

INVESTORS'

4

Moilefs iRnoad System.

Name of Road.

Richmond Allegheny—
1st mortgage
2d mortgage

203

Amount of
Bonds in
Default.

Roatef Inter st. Daotef MaturiyBonds

SUPPLEMENT.

fVoi, XXXIX.

Date of
Default.

REMARK*.

of

j

$
4,92 >,000
2,964,000

1920
1916

7
6

ulus of the influential names in the directory of the road.
Plan to
consolidate with Ohio Central fell through. Re-organization proposi¬
tion in Chronicle, Vol. 38, ]>. 176. Directors are: Win. H. Barnum,
Lime Rock, Conn.; Calvin S. Brice, James T. Closson, F. O. French,
J. Lee Humfreville, John J. McCook, Samuel Shethar, John W. Simp¬
son. Samuel Thomas, New York; Charles E. Wortham, A. Y. Stokes,

Richmond, Va.; M. P. Bush, Buffalo, N. Y.; Wm. J.. Scott, Erie, Pa.
Messrs. James G,. Blaine, Hugh McCulloch and Conrad N Jordan were
in the hoard

during the period of profits and high prices -in 1880.

Rio Grande Sc Pecos—

Rochester & Ontario Belt—
1st mortgage

Roche-ter &
2d consol,

Pittsburg—
mortgage

St. Joseph Sc Western1st mort. St. Jos. & Pacific—
2d mort. St. Jos. & Pacific
Kan. & Nebraska, 1st mort
Kan. & Nebraska, 2d mort—

6

7

175,000

6

1912

294

2,615,000

6

1924
1924:

252

1,900,000
1,200,000
1,200,000
375,000

7
7
7
7
7

1915
1915
1915
1915
1910

1,000,000

5

1,900,000

Hastings & Gr. Isl’d, 1st m—

Spartanb’g Union & Columbia—
'Bonds.

operation from Laredo to Santa Tomas, Texas, 27 miles, connecting
j July, 1884 Inwith
some coal mines there.
II. Cavalier Smith,

432,000

27

08

Receiver, Laredo.

Only seven miles of road. J. Rhinelander Dillon was President. The
object of the company is to supply an entrance into Rochester for a
number of leading trunk lines. Receiver appointed last spring.
Aug., 1884This is the old Rochester & State Line extended down into the coalfields
of Pennsylvania, with a line into Buffalo. Company has submitted a
plan for retiring tin second consols, taking up car trusts, and extin¬
guishing floating debt by the issue of preferred stock.
Board of
Walston H. Brown, Fred. A. Brown, Wheeler H.
Directors was:
Peckham, George F. Stone. George W. Parsons, Adrian Iselin Jr., John
II. Hall, Henry Day, Fred D. Tappan, A. L. Hopkins, New York;
Andrew Pierce, Clifton Springs, N. Y.

Originally foreclosed in 1875 and since 1879 in the hands of the Union
Pacific, which operate! it till January, 1884. Owning $2,817,730 Of
the bonds itself, the Union .Pacific was in position to operate the
road in disregard of the wishes of the remainder of the bondholders;
and Anally, early in the present year, brought suit to foreclose the
property. A compromise hoard of directors, however, was agreed on
last June, by which the minority got a representation ia the manage¬
ment of the road
Preceding board had been Sidney Dillon, P. B.
Wyekoff, New York; F. L. Ames, E. Atkins, E. H. Baker, F. G. Dexter,
il. McFarland, O. W. Mink, J. G. Harris, Boston, Mass.; S. H. H. Clarke.
Omaha, Neb.; J. P. Taylor, Seneca. Kail.; E. N. Merrill, Hiawatha,
Kan ; F. Schmidt, Marysville, Kan.

1880

Leased to Columbia Sc Greenville Road at a rental of $50,000 a year,
which was applied by lessor company to the payment of interest ou
tin* bonds. In Juiy, 1884, lessee refused to nay the rent, an 1 default
on flu* bonds followed.
Road runs from Alston to Spartanburg, S. C.

'

St. Louis Hannibal & Keokuk—
1st mortgage
Texas & PacificConsol. mort. Eastern Div
let mort. Rio Grande Div
1st mort. New Orleans Pacific
—

82

1,489

917,000

7

1917 Oct.,

1883|Road opened in 1832.

1864 The June coupon of consolidated mortgage bonds (Eastern Division) was
purchased b> Missouri Pacific, and subsequently company proposed
a plan for funding half of each coupon on the bonds here given for
from two to four and a half years to come. Details of plan a e in the
Chronicle, V. 39. p. 97. During the period of construction by a
construction company, the promoters of the enterprise are supposed
to have reaped large profits. Board of directors: Jay Gould, Russell
Sage, T. T. Eckert, A. L. Hopkins, Franks. Bond, Geo. J. Gould. New
York; D. Felsenheld, San Francisco; James P. Scott. Chas. O. Baird,
Philadelphia; E. B. Wheeloclc, New-Orleans; W. T Walters, Balti¬
more; W. C. Hall, Louisville; R. S. Hayes, John C. Brown, H. M.
Iloxie, St. Louis, Mo.; Fred. L. Ames, Boston.

9,226,000

6

13,028,0(H)

6

1905 June,
1930

6,720,000

6

1920

2,128,000
1,-17,000

6

5,650,000

6

1910 Nov., 1883
1921
1911

c

Texas & St. Louis—
1st mortgage, Texas Div
General 1st mortgage
1st mort. Mo. & Arkansas

735

6

Receiver Feb., 1384, in a suit to foreclose mort.

Narrow-guage competitor of Gould Southwestern lines, formed of the

Texas Sc St. Louis in Texas and the Texas Sc St. Louis in Missouri
and Arkansas.
Road completed in 1883, giving a line from Cairo
to the centre of Texas, but company became emba'-rassed m the
latter part of the year and proposed an adjustment plan which is out¬
lined in the remarks in the Supplement oh another ps»ge.
Receiver
was appointed January,
1884. Securities are supposed to be very

‘

largely in the hands of the original promoters of the load.
I mentors in Texas: J. W. Paramore. President; W.
M. Gilkeson, St. Louis, Mo.; Logan 11. Roots, Little

■

!
Toledo Cincinnati Sc St. Louis—
1st mort., St. Louis Div
•-

:

782

1st mort., Dayton Div
1st mort., Tol. terminal trust..
1st mort., Southeastern Div...
1st mort., Cincinnati Div
1st mort., Iron Div

3,000,000
1,250,000
1,000,000
250,000
2,250,000
250,000
500,000

Equipment bonds

2,052,000

1st

mort., Tol. Del. Sc Burl

—

..

6
6
6

Board of

M. Senter, John

Rock, Ark.; T. li.
Bonner, L. B. Fish, Tyler, Tex.; L. C. De Morse, Texarkana, Ark.; T.
J. Lowe, Gilmer, Tex.: C. M. Seley, Waco, Texas.
*

t

.

1921 Nov., 1882 Grand narrow-guage enterprise, extending from Lake Erie to St.
1910
Louis and Cincinnati. Road was completed, but in poor condition,
and company embarrassed almost from the start. Proposition asking
|1910
1910
concessions of the bondholders came in November, 1882, and the
1921
relief thus granted, as also the raising of additional money at the
1921
same time, proving unavailing, the property was placed in the hands
190L
of Receiver, August, 18*3. All the minor divisions have been sold in
foreclosure sale, hut have not yet been finally re-organized. The main
(?)

«

6
6
6
7

*

line, composed of the St. Louis division and the original Toledo Delplias tV Burlington road, has not yet been sold. The •‘Quigley” plan
for the re-organization of this part of the system is given in Chronicle,
Vol. 33. p. 480. Bo:ird of directors in 18S3, after the admission of

i

“Seney” representatives, was as follows: Oliver Ames, E. B Phillip*,
H. D. Hyde, Geo. Ripley, W. D. Forbes, W. D. Hobbs, P. Nickerson,
C. W. Pierce, Boston; Geo. W. Ballou, John M. Corse, C. S, Brice,
Samuel Thomas, H. D. Terrell, New York; Geo. W. Kneisly, Dayton,O.;
John McNab, Glovers ville, N. Y.
Toledo & Indianapolis—
1st mortgage

42

800,000

6

1922 Oct..

3,518 16,000,000
10,000,000
3,857,000

mort., Detroit, Div
1st mort., Indiana Div

1,853,000

1st,

1st
1st
1st
1st
1st

Directors: T. P. Brown, W. F. Walker, J. K.

| Hamilton, C. H. Coy; N. W. Dyer, all of Toledo.

Wabash 8t. Louis & Pacific—
General mortgage bonds
Collateral trust.
1st mort.. Cairo Div

1883 Small road (new) in Ohio.

2,000,000
300,000
2,269,000
4,500,000
1.204,000
100,000

mort., ITav. Rautoul&E...
mort.. Iowa Div

mort., Tol. Peo. & West...
mort., Quincy Mo. Sc Pac...
mort.. Cent. Mor. Sc Alb...

6
6
5

1920 June,
1913!

0
6
7

1921
1921

6
7
6
6

19311
1897;
1921;
.

1917
1909
1920

1884!t1ic. old Wabash and the St. Louis
;

Kansas City Sc Northern, both sold in
foreclosure, formed the nucleus of the combination. The present com¬

hud been in financial straits for some time,, but the issue of col¬
lateral trust bonds last year was expected to carry it over its difficul¬
ties.
Receivers were appointed in May, 1^84, and default on general
mortgage bonds followed June 1. The difficulty was that the Durden
of charges assumed was too heavy for the earnings.
We have included
in our list all bonds on which interest is withheld by order of court.
Interest on other bonds has either been paid already, or is being paid
as fast as earnings couie in.
The Champaign Havana Sc Western bonds
were at first included among those not to be paid, but the receivers
subsequently asked for permission to take up the coupons on the same,
as the road was earning enough to meet them;
so these bonds arc
omitted. Plan of re-organization given in Chronicle, Vol. 39, p. 2L0.
Directors : Jay Gould, President ; A. L. Hopkins. Russell Sage, Sidney
pany

Dillon, Solon Humphreys Samuel Sloan, G. G. Haven, New York ;
Fred. L. Ames, Boston ; James F. Joy (now President, in place of Mr.
Gould, resigned), Detroit. Mich.; Charles Ridgely, Springfield, Ill.;
James Cheney. Fort Wayne Ind ;. B. W. Lewis. James F. How, Thomas
C. Tutt, St Louis, Mo.; George L. Dunlap, Chicago.

Wheeling & Lake Erie—
1st mortgage
2d mortgage




109

2,550,000
2,280,000

6
7

1909
1912

July. 1884 Road

as projected runs from Wheeling, W. Va.,to Toledo, O., but only
169 miles fiom Toledo south in operation. Commodore Garrison was
the controlling spirit in the enterprise, ami is said t > own nearly all
the stock.
With his embariassment. the road also, was forced to suc¬
Board of Directors was: George J. Forrest, John P. Kennedy,
cumb
R. B Mintum, Arthur Leary, Melville C Day, New York; Oliver Gar¬
rison. St. Louis; JolinJL Warwick,Massillon, O.; George W. Davis, M.
I). Woodford. Noah H. Swayne, Jr., R. H. Cochran. Toledo, O.; John
W. Wickham, Jr.. Huron. O.; L. W. Sutherland. Smitlitield. O.

STOCK

BOND TABLES.

AND

i\ O T E S.
These tables

expressly intended to be ii3ed in connection with the information concerning Investment matters, published from week to
vveeh in the Chronicle—to which an index is furnished in the remarks at tho foot of the tables. Annual reports are in black-faced figures.
A description of U. S. Government Securities is
published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below:
Description — Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently occur, viz.:
M. foi “mortgage,” s. f. for “sinking fund,” 1. gr. for “ land grant,” reg. for “ registered,” coup, for “ coupon,” Br. for “Branch,” guar, for
“guaranteed,” end.for “endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
are

Date of Bonds.—The date of issue is referred to in this column.
Mites of Road.—Opposite Stocks, this means the miles of road

operated, on wThich the earnings are based; opposite bonds, the miles covered

232098718788811
by the mortgage.

Size or Far Value.—These figures are dollars, showing the denominations or par value. Tho figures “ 100, Ac.,”
signify $100 and larger.
Rate Per Cent.—The interest
per annum is given for bonds, but the per cent of last dividend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable— J. & J. stands for Jan. A July; F. A A., Feb. A Aug.; M. A S., March & Sept.; A. & O., April A Oct.; M. & N., May
A Nov.; J. A
June & Dec.; Q.—J., quarterly from January;, Q.—F., quarterlyfrom Feb.; Q.—M., quarterly from March.

Bonds, principal when due; Stocks, last dividend—The date in this column shows the period when the principal falls due of bonds, but the
when the last dividend was paid on stocks

STATE

Subscribers will confer

a

Date of

Bonds.

SECURITIES.

Size

or

Outstanding

$100&c.

$6,717,600

1876
100 Ac.
1876
100 Ac.
1880
Funding “obligat’ns” (tax-rec’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
1,000
1870
Funding Bonds 1870 IHolford)
1,000
Levee bonds (or warrants)
1871
100 Ac.
Old unfunded debt, including interest
1838 to’39
1,000
1875
Sinking fund bds.(Loughborough) Act.Dec., ’74
1,000
To Memphis & Little Rock Railroad
1869
1,000
To Little Rock A Fort Smith Railroad
1870
1,000
To Little Rock, Pine Bluffs A N. Orleans RR..
1870
1,000
To Miss., Ouachita A Red River Railroad
1870
1,000
To Arkansas Central Railroad;
1870
1,000
1870 A ’72
California—State Capitol bonds
Funded debt bonds of 1873...
1873
500 Ac.
Connecticut— War bds., not tax., 20 yr.
1865
100 Ac.
) Coup.
Bonds, 10-20 year
1877
v
or
1,000
New bonds (sink, fd.)
1883
)
1,009
reg.
New bonds, reg
1881
1,000
1881
Delaware.—Rel’und’g bds., ser. “A,” “ B” A “C”
1,000
School bonds
Dist. of Columbia- Perm’t imp’t, gold, coup
1872
500 Ac.
Permanent improvement bonds, coupon
1873
100 Ac.
Bds for fuud’g (Act June 10, ’79) coup, or reg.
100 Ac.
1879
Fund, b’ds (U.8.guar., Acts June,’74& Feb.,’75)
1874
50 Ac.
Market stock, registered and coupon
1872
50 Ac.
Water stock bonds, coupon
1871 to’73
1,000
Wash, fund’g, gld,($638,900 are M. AN.,1902).
1872
100 Ac.
Floral a—State bonds
1871
100
Gold bonds
1873
100 Ac
1866
500
Georgia—Atlantic A Gulf Railroad bonds
1866
Bonds, act of Mar. 12, ’66 (renewal W. & A.)..
500 Ac
1870
1,000
Quarterly gold bonds, act of Sept. 15, 1870..
Bonds, act of Jan. 18, ’72
1872
1,000
Bonds for funding (Act Feb. 19, ’73)
1873
250Ac
Bonds to fund coupons on endorsed bonds...
1876
1,000
Bonds exchanged for endorsed RH. bonds
1877
1,000
Bonds to redeem Gs
1878
State University Bonds
1882 & ’83
1879
Indiana—Bonds, coup, (pay’ble after Apr.1,’84)
School fund bonds (non-negotiable)
1867 to’73
Kansas— Bonds, 1863 and ’64, funding, Ac
1863 A ’64
100 Ac.
Bonds for various State purposes.
1864 to ’75 100 Ac.
Military loan
1864 to ’69

539,000

see

notes above.

Alabama—Substitution bonds (A) ($7,000,000).
Substitut’n b’ds for RR. (B) ($590,000)
do
for Ala, & Chatt. (C) ($1,000,000)

1876

•

.

•

....

....

Rate.

3 Ac.
5
4 Ac.
6
6
6
7
6
6
7
7
7
7
7
7 g6 g6
5

948,000
960,000

•

....

INTEREST.

Amount

par
Value.

explanations

time

great favor by giving Immediate notice of any error discovered In these Tables.

DESCRIPTION.

For

D.

1,850,000
1,268,000
1,986,773
1,985,955

218,000

1,200,000
1,000,000
1,200,000
600,000
1,350,000
500,000
2,698,000
1,741,100
1,031,000
500.000

3L2
3*2

1,000,000

4

625,000
156,750
3,662,700
655,600

6
6 g.
7
5
365
7
7
6 g.
7
6 g.
6
7
7 g.
7
8

954,500
14,025,700
14 8,000
376,000
1,680,000
350,000

925,000
291,500

3,525,500
2,098,000
307,500
300,000
542,000

n
t

6
4

2,267,000
58.138
65,000

585,000
3,904,783
39,675
773,000
307,500

Alabama.—The State gave 30-year bonds, dated July 1, ’76, bearing
2 per cent till 1881, then 3 per cent till 1886, 4 per cent till 1896, and 5
tier cent for last 10 years, for old bonds, without any allowance for pastdue coupons. Alabama & Chattanooga endorsed bonds were exchanged
for $1,000,000 of the new bonds, Class C, to bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent.
In 1880 the new7 6 per cent bonds were
issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and funding operations was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. A Chatt.
RR. uuder act of Feb. 11, 1870, the State gives thelien on the lands

granted to that, railroad, 500,000 to 1,200,000

When

Where

A
A
A
&
A

J.
J.
J.
A..

A
A
A
A
A
A
A
A
A
A
A
A
A

A.

A.
A.
A.

J.
I.
A.
M.
J.

J.
J.

J.
J.
J.
J.
J.

Due.

Whom.

Payable
J.
J.
J.
J.
J.

Principal—When
pal—

Payable and by

N. Y., Am.
do
do

July 1,1906
July 1, 1906
July 1,1906
Jan. 1, 1900

Exch. Nat.Bk.
do
do

Montgomery.

1899
1900
1900
1860
1905
1899
1900
1900
1900

N. Y\, Union Trust Co.

J.
do
do
J.
J. New York, Nat. City Bank.
O.
N. Y., Union Trust Co.
0.
do
do
O.
do
do
do
do
O.
O.
do
do
J.
Sacramento, Treasury.
do
do
J.
0.
Hartford. Treasury.
do
N.
do
do
do
J.
do
do
A J.
A J.
Pliila., Pliila. Nat. Bank.
*

April, 1900
Juljr. 1885 A ’87
1893-94

Oct. 1,

Jan. 1,1904
1886, 1891, 1901
Jan. 1, 1901

A J. Wash, or N. Y., U. S. Treas.
July 1, 1891
do
do
A J.
July 1, 1891
do
do
J. A J.
July 1, 1899
do
do
F. A A.
Aug. 1, 1924
do
do
J. A J.
July 26, 1892
do
do
Oct. 1,1901 A ’03
J. A J.
do
do
J. A J.
1892 A 1902
N. Y.,Park Bk.A Tallahassee
Jan. 1, 1901
Jan.
do
Jan. 1, 1903
J. A J.
do
Feb. 1,1886
F. A A. N. Y., Fourth National Bk.
do
do
J. A J.
May, 1886
do
do
Oct., 1890
Q.-J.
do
do
J. A J.
July, 1892
A. A O.
do
do
April 1, 1886
J. A J.
do
do
July 1, 1896
do
J. A J.
do
Jan. 1, 1889
1885
J.
I.

•

...

r*»

1932-33

/

,

5
6
6
7
7

1885

May 1, 1897
Jan., 1903

A. A O.

Various

July.
J.
J.

A
A

J.
J.

N. Y.. Winslow, L. A Co.
do
do
N. Y.. First Nat. Bank.
do
do
do
do

April 1, 1889
1884
1884 to ’99
1884 to ’99

J $300,000. redeemable July, 1886 to 1891; series “C,” $165,000, redeem¬
able July, 1891 to 1901.
In addition to above, $83,000 is due Delaware
College. There is no State tax levied, nor assessments made by State
officers. Jan. 1. 1884, the live assets exceeded the debt $3 J4.049.
i

I

■,

District of Columbia.—The total assessed value of taxable real
and personal property is shown below. The interest and sinking
fund on the 3-65 bonds are provided for by Congress, and tho amount is
limited to $15,000,000.
Real and personal estate, Ac., has been
assessed as follows:
Real Estate.
Personal.
Tax Rate.
1880
$15
$87,980,356
$11,421,491

estate

acres.
Tax rate in 188288,953.078
10.895,712
15
The assessed valuation of real estate and personalty was
15
90,308,495
9.666,272
$139,077,328 in 1880, $152,920,115 in 1881, and $151,520,551 in 1882. 11883
92,533,665
~
9,028,812
15
Arkansas.—The State Supreme Court decided Levee bonds of 1869 1884
15
90,496,331
10,987,443
and 1870 invalid; nor are the Holfordor the Railroad Aid bonds
recog¬ —(V. 36. p. 29.)
nized by the State. The State is in default for interest, except on the
Florida.—Less the sink, fund of $179,450, the total debt is $1,095,secured sinking fund bonds (Loughborough) issued under the law of 550, which docs not include $132,000 bonds of 18’>7, held by Indian
December, 1874. In Jan., 1883, a decision was made by the U. S. Cir¬ Trust Fund. About $528,800 of the bonds are held in school funds, Ao
cuit Court, substantially holding the railroad companies responsible Coupons of all bonds are receivable for taxes. Real and personal
propfor the State bonds issued to them, but this was reversed in October
; erty assessed in 1882, $45,285,977; in 1883, $55,608,560; tax rate
and the case appealed to U. S. Supreme Court. See the references 4 mills.
below'. The following arc the latest official assessments:
Georgia.—1The constitutional amendment in 1877 declared void
Real Estate.
Personal.
Tax Rate.
several issues of bonds and railroad endorsements.
There were issued
1S81
$41,843,803
$58,445,111
7L2 $100,000 4 per cent bonds in 1880, but they have been taken up and
canceled. Assessed value and tax rate per $1,000 have been:
37.610.228
60,155,303
1883 (estimated)
Years.
Real Estate.
78,000,000
47,e00,000
7
Personalty. Tax Rate.
-(V. 36, p. 29, 139, 706, 730; V. 3 <, p. 738; V. 39. p. 263.)
$134,635,886
$91,585,832
$5*00
California.—The State holds in trust for School and University funds
134,244,081
90,849,338
3*50
$486,000 Capitol bonds and also bonds of 1873, in all $2,690,000.
139,657,250
99,276,376
350
Assessed valuations and rate of tax per $1,000 have been :
148,057,233
106,195,395
3
Years.
Real Estate.
Personal.
Tax Rate.
Indiana.—Indiana made a compromise with her bondholders in 1846,

83, 6Lj mills

$460,694,217

464,082,851
446,319,940
558,373,786

-

$149,656,007
146,180,978
120,848,453

$6-40
6*55

596

1*883
167,338,644
4 97
Connecticut.—1The debt of Connecticut w7as all created originally for
war purposes.
Assessed valuation and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty.
Tax Rate.
$228,987,700
$95,901,323
1-50

$327,182,435

1881

342,242,566
243,858,712
104,916,167
>

1*50

Delaware.—These refunding bonds issued July, 1881. take up out¬
Series “A” are $l«i0,000, redeemable 1886: series “B,”




personalty, $261,775,350.
Kansas.-Kansas has but a small State debt, but the issue of municipal
bonds was about $14,500,000.
The valuations (about one-half of true

1 50

The assessed valuation of real estate is about 70 per cent of the true value.
-(V. 37, p. 127.)

standing debt.

coupons,
and Wabasli A Erie Canal stock for the balance, about $7,500,000. There
are also outstanding $340,000 5 per cent bonds, due 1901. held by Pur¬
due University, and about $47,000 miscellaneous issues of bonds.
Valuation made in 1881 of taxable property: Real estate, $543,427,442;

value) have been:

332,170,856

:....,

giving them State stock for one-half of their bonds and overdue

Years.

Real
Estate.

Personal

Property.
$108,101,123
$52,469,638
170,813,373
170,974,017

1881
1882
1883
127,863,782
—State funds hold $665,050 of

75,320,707

the bonds.

Rate of Tax
per $1,000.

$5
5
5
4

50
50
00
30

Total

Debt.
$1,181,975
1,181,975
1,181,975
1,120,175

6

STATE
Subscribers will confer

a

explanation

see notes on

[Vol. xxxix.

great favor by giving immediate notice of any error discovered In these Tables.

DESCRIPTION.
For

SECURITIES.

Date of
Bonds.

Size

par

first page of tables

Value.

INTEREST.

Amount

or

outstanding.

When

Rate.

Where

Payable

Principal—When

payable and by

due.

whom.

-

Louisiana—Bonds for relief of State Treasury

.

Bonds in aid of various railroads
Levee bonds—Act 35 of 1865
do
Act 115 of 1867
do
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf A Crocodile Navigation Co...
do
to Mississippi A Mexican Gulf Canal..
do
school, held by St. Treasurer
do
to N. Orleans, Mobile A Cliatt. RR
do
to N. Orleans, Mobile & Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds
Twos, fours and threes (see notes below)

'

1853

$500

i *866

1,000
1,000
1,000

'

1867
1870
500
1866
100 Ac.
1870
1,000
1869
1,000
1857
1,000
1870
1,000
1871
1,000
1869
1,000
1874
100 Ac.
1880
1864
Maine—Bounty loan bonds
? Coup.
500 Ac.
Municipal war debt assumed
f or reg
1868
100 Ac.
Four per cent bonds, coupon
1880
1,000
Maryland—Baltimore A Ohio Railroad, sterling
1838
Chesapeake A Ohio Canal, sterling
1838
Railroads and canals
1838-47
Eastern Shore Railroad
1839
Baltimore A Susquehanna Railroad
1837
Chesapeake A Ohio Canal
1870
Baltimore A Susquehanna Railroad
1839
Annapolis A Elkridge Railroad
1839
Defense Bounty Loan
1868
Certificates of indebtedness for $3,000,000...
1882
Deaf and Dumb Asylum Loan
1870 A ’74
1872 A ’76 100 Ac.
Maryland Hospital Loan, 10-15 years
Maryland State Loan
1872
Treasury relief loan, 10-15 years
1878
Massachusetts— Bounty Fund Loan
1864
500 Ac.
do
do sterling
1864
£100 Ac
1869
£200
Troy A Greenfield Railroad loan, sterling
1858 to’61 £200 Ac
do
do
home
1861 to’63 500 Ac.
do
do
1871
sterling
200 Ac.
do
1875
dp
sterling
£500
do
do
dollar bonds 1873 to ’74
1,000
do
do
do
1875
1,000
do
do
do
1877
10,000
Southern Vermont Railroad Loan
1860
5,000
Boston, Hartford A Erie Railroad, sterling... 1868 to’69
£200
Harbor Land Improvement (5-20s)
1874 A’76
1,000
Danvers Lunatic Hospital
1874 A’77
1,000
Lunatic Hospital, Worcester
1875-’76
1,000
New State Prisons, sterling
1875
£500

Amount
of these

yet fundable

02331878811

11,384,400

1,808,350
2,330,000
2,826,900
207,000
1,784,444

....

....

2,263,333
309,485

....

...

31,069
269,000
528,355
298,435
62,605
2,326,750
1,000,000
225,000
465,000
1,206,344
500,000
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729

....

....

....

....

....

■

....

....

....

....

Michigan—War Bounty Bonas
Minnesota—Adjustment bonds, (10-30, red., ’92
Revenue loan (redemption optional)

1865
1882
1883
Missouri—Consolidated bonds
1868
University and Lunatic Asylum bonds
1872
State Bank stock refunding
1874
Bonds to North Missouri Railroad
1854 to ’58
Bonds to Cairo A Fulton Railroad
1857 to’59
Bonds to Platte County Railroad
1859 to ’60
Bonds to Iron Mountain Railroad
1854 to ’59
Pacific Railroad of Missouri
1853 to ’59
Funding bonds
1874
Hannibal A St. Joseph Railroad
1857 to ’75
do
do
renewal
1874
Nebraska—Bonds (act Feb. 14,1877) coupon...
1877
New Hampshire—War loan, coupon bonds..
1864
Municipal war loan
1872
Loan of 1879 for refunding
1879
Prison loan.
1879
New Jersey—War loan bonds, tax free
1863
do
do
taxable
1864

was

$333,300
Apr., ’82
80,000
260,000
48,000
70,000
2,500,000
875,000

300,000
1,500,000
1,100,000
1,299,355

1,000

297,000

1,000
1,000
1,000
1,000

4,270,000
246,000

2,514,000
246,000

6
6
8
6
8
6
8
7-30
6
8
8
8
7

2,4,3
6
6
4
5 g.
5 g•
5
5
3
6
6
6
6
3-65
6
6
6
6
5 g.
5 g.
5 g5 g.
5 g.
5 g.
5 g.
5 g5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g5 g.
7

412
4*2

1.000
1,000
100 Ac.

2,206,100

1,000

400,000

6
6
6
6
6
6
6
6
6
6
6
8
6
6
5

15,000
902,900
593,400

6
6

1.000

80,000

1,000

1,000

1,526,000
252,000

1,000
1,000
1,000
1,000
1,000
1,000

1,219,000
2,601,000
686,000
1,500,000
1,499,000

453,000

449,267

150,000

500 Ac.
100 Ac.
100 Ac.

Louisiana.-The Constitutional amendment passed Dec., 1879>
a new bond m place of consols of 1874. bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards.
In

provided for

J. A J.
Various
Various
M. A N.
M. A S.
J. A J.
J. A J.
M. A S.

$15,000
119,000
-

Amounts not

80,000
260,000
Various
48,000
J. A J.
70,000
A. A O. 2,500,000
J.
J.
J.
A.
F.
J.
J.

A
A
A
A
A
A
A

J.
J.
D.
O.
A.
J.
J.

Q.-J.

do

do

Balt., Farm. A Merch. Bk.
do
do
do
do
do
do
do
do
do
do
do

Q.-J.
O.
J.
J.
J.
J.

1907

"

Boston, Suffolk Bank.
Augusta and Boston.
Boston, Suffolk Bank.
London, Baring Bros.

A J.

A
A
A
A
A

report of 1

Jan. 1,1878.

New Orleans.

A. A O.

A.
J.
J.
I.
J.

fundable,

f per

May 1,

March 1,1875
1886 A ’88
Jan. 1, 1890
1899
1897

July 1, 1910
April, 1911

875,000
N. Y., Bank of N. Y.

Quart’v
L

July, 1893
1872 to 1906
1886

do
do
do
do
do
do
do
do
do
do
do

Jan., 1914
1886 A1914
June 1,1889
Oct. 1, 1889
$50,000 per yea*
1889
1889
1890
1890
1890
1885
1890
1890
1883
1897
1885 A ’89
1887 A 1891
1887
1888 to 1893

A J.
A N.
Boston, Treasury.
May 1, 1894
A N.
London, Baring Bros.
May 1, 1894
A J.
do
do
July 1, 1889
A O.
do
do
Apl., 1888 to ’90
A 0.
Boston, Treasury.
April, 1891 to ’94
A J.
London, Baring Bros.
July, 1891
A J.
do
do
Jan. 1, 1895
A J.
Boston Treasury
1894
A J.
do
do
Juiv 1, 1895
A 8.
do
do
Sept. 1, 1897
A O.
do
do
April 1, 1890
A J.
London, Baring Bros.
Jan. 1,1900
A J.
Bostoo, Treasury.
Sept. 1, 1896
Boston Treasury.
Various
J’yl,’94-Sep 1,’97
Various
do
do
M’yl’95-Sepl,’96
J. A J.
London, McCalmonts.
Jan. 1, 1895
M. A N. N. Y., Am. Exchange Bank.
May 1. 1890
J. A J. N. Y. City, First Nat. Bk.
1912
J. A J.
St. Paid, State Treasury.
Optional.
J. A J. N. Y., Bank of Commerce.
1888
J. A J.
do
do
July, 1892
J. A J.
do
do
April 1. 1894
J. A J.
do
do
1884 to ’88
J. A J.
do
do
1884 to’89
T. A J.
do
do
1889 to ’90
J. A J.
do
do
1884 to’89
J. A J.
do
do
1886 to ’89
J. A J.
do
do
July. 1894 A ’95
T. A J.
do
do
1887 to ’95
J. A J.
do
do
1894-0-6
A. A O.
N.Y., Kountze Bros.
April 1, 1897
M. A S.
Concord or Boston.
Sept.. 1889
J. A J.
do
do
Jan., ’92 to 1905
J. A J. Bo8t.,Nat.Bk.Commonw’ltli Julvl, ’89-’90-’91
J. A J.
do
do
July, 1884 to ’91
J. A J. Jersey City, Hudson Co.Bk. Jan., 1886 to ’96
J. A J.
do
do
.Tau., *97 to 1902
J.
M.
M.
J.
A.
A.
J.
J.
J.
J.
M.
A.
J.
J.

.

5

has sufficient assets to meet the debt.

Equalized valuation of real and
personal property, 1882, about $810,000,000, and tax rate for State pur¬
l2,qoo mills on the $1; in 1883, tax rate, lfe2ioo mills.

June,
1884, the bonds outstanding stamped as,2 per cents were $265,200;
Minnesota.—All tlie old State bonds formerly held by the permanent
“Baby” bonds at 3 per cent, $1,357,^60; bonds at 4 per cent$217,650.
school fund have been redeemed or
In June, 1882, a constitutional amendment passed the
exchanged for 4^s. Minnesota reLegislature and fused for some
was confirmed at the election in April, 1884.
years to recognize the “ State Railroad Bonds” of 1858,
gi\ ing new bonds at 1 per
to the amount of $2,275,000. but
cent after Jan. 1, 1885, and doing away with tin*
a proposed compromise with the
provision of 3 percent'
holders was provided for in 1881, and was carried out
for fifteen years. There is considerableOverdue interest of the
by the issue of
years

1874 to 1880, inclusive. The constitution of 1879 limits the
power of
taxation to 6 mills on the valuation, of which only 3 mills
may bo ap¬
propriated for interest on the debt; in 1884 lkj mills suffices to pay 2
per cent, but in 1885 a larger appropriation will be needed, as the total
taxable valuation is about $200,000,000. A suit by
the State of New
Hampshire against Louisiana as assignee of her bonds, was decided in
favor of Louisiana by the U. S. Supreme Court. (V. 30,
p. 169, 285, 365 ;
V. 37, p. 127; V. 38, p. 178, 540, 595, 635; V. 39, p. 3, 181.)

Maine.-The debt January 1, 1883. was $5,749,900. The
sinking
Tax rate for 2 880, 5 mills on'valuation of 1870;
1881-82, 4*2 mills; 1883-84, 4 mills on State valuation.

fund $1,571,185.

Maryland.—The State has

largely assisted canals and railroads,

and
productive; the State
securities, which includes

holds $3,996,153 of stocks and bonds ranked
also holds $26,906,793 in unproductive

as

$17,163,725 Chesapeake A Ohio Canal interest.
The State ex¬
changes the “Defense Loan” at par for new certificates of indebtedness,
bearing interest at 3-65 per cent, redeemable in 15 years. Assessed val¬
uation, Ac., have been:

Years.
1879
1880
1881
1882
1883

Real A Personal. Tax

$466,637,502
459,187,408
461,459,939
464.824,879

466,089,380

per $100.

18-%c.
18^c.
183*c.
18 %c.
18%c.

MaH»acliu*ettN.—The funded debt, Jan. 1, 1884, was $31,423,680.
The sinking funds were $16,836,672. The Hoosac tunnel and
connections
cost the State heavily. The loan to Boston Hartford'A Erie
Railroad
was secured by “Berdell” mortgage bonds, afterwards
exchanged for
N. Y AN. E. RR. second mortgage bonds.
Assessed

valuation, tax

rate, Ac., have been:

Real
Estate.

Years.
1880 ....$1,111,160,072
1881
1,149,965,827
1882
1,189,524,370
1883....
1,226,111,297

Personal

Tax per

Total

Sinking

Property.
$1,000.
Debt.
Funds.
$816,695,358 $15 35 $32,799,464 $13,050,092
883,886,538 14 28 32,399,464 14.080 465
812,858,614 15 28 32,511,680 16,944.263
806.586,689 14 98 31,423,680 16,836,672
Michigan.—The debt is practically extinguished, as the sinking fund
....

....




poses

the 4*2 per cent bonds.
Years.

Taxable valuations and State tax have been:
Real Estate.
Personal.
Tax Rate

$189,246,698

203,473,637

$53,525,017
54,581,906

208,949,184

152B
lO**

244,033,847

74.329,190
67,159,588

1*85

255,910,090

78,549,269

1 80

Missouri.—The tax rate is 40c. per $100
Bonds maturing are met
by sinking fund. The Hannibal A St. Jo. RR. paid the State $3,000,000
for its debt, but the State refused on Jan. 1,
1882, to pay the coupons on
its own $3,600,000 of bonds. Litigation between the State and com¬
pany ensued. The following is a statement of the assessed property in
this State for the years 1882, 1883 and 1884 :
1882.

Real estate
Personal property
Railroad property

Total

-(V. 36, p. 312

;

....

1883.

1884.

$442,826,742
170,813,976
35,626,524

$443,144,455
173.345,191
39,760,767

$492,489,000
187,338,000
(est.)40,000,000

$649,867,242

$656,250,413

$719,827,000

V. 37, p. 99.)

Nebraska.—The State school fund holds $326,267. There are also
$50,000 10 percent “ Grasshopper” bonds due 1885, interest naid Jan.
and July. Assessed valuation (33*3
per cent of true value) and tax rate
per $1,000 have been :
Personal,

Years.
1879
1880
1881...

Real Estate.

Railroad, Ac.

$38,378,409
$36,981,389
53,850,147
36,649,471
93,142,456

Tax Rate.
6 37^
4 00

98,537.475

110,543,644
7 40
New Hampshire.—The, debtof New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1882
$215,000,000 ; in 1883, $227,914,543. (V. S6, p. 285.)
New Jersey.—The debt was created for war purposes. Valuation
of real ami personal property (taxablel. in 1883,
$548,495,069, against

October,

Subscribers will confer a great favor

7

SEC U KITIES

STATE

1884.]

by giving immediate notice of any error discovered in

tliese Tables.

INTEREST.
Date of
Bonds.

DESCRIPTION.

New York—
Canal debt,
reg.

1875
1872
1873
1874
1879

3, of Con¬
stitution, and Art. 7, Sec. 12.
Under Art. 7, See.

stock.
I

North Carotin a—Funding bonds tax-receivable.
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receiv’ble cps.)
RR. bonds, not fundable (Chatham and W. AT.)

loan of 1881
Registered loan, payable after Dec., 1886

Registered bonds, tax free, 15-25 years.,
Loan of February, 1882 (registered):
in ten series

Rhode Island—War bonds

War bonds
South Carolina—State House

.

stock and bonds

Funding bonds and stock
Blue Riage Railroad bonds
Funding bills receivable
Payment of interest
Funding bank bills

Conversion bonds and stock
Consol, bonds and stock (Brown)

.

Tennessee—Funding bonds, act ofMjSvS
Bonds regist’d, act of 1873,($292,300 are 5s).
Held by E.T. University (not to be, funded)...
Compromise bonds (act of May 20,1882)
Compromise bonds, act of 1883
Texas— Funding State debt (act May 2, 1871)..
Frontier def’se,gold,act Aug.5,’70(re<l’ble ’91)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar..1874 (for paying float’gdebt)
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21, 1879
Bonds to State University and School Fund..
Bonds issued to School Fund

fundable
Old Donds, sterling, not required to be funded
Consol.) Act Mar. ’71) coup, tax receivable—
do
do
reg., conv. into coup...
do
(Act 1872) “Pealer,” cp. not rec’ble .
“Pealer,” reg. and certifs.
do
do

Virqxnia—Old bonds.

Deferred certificates (W. Va.)
10-40s, act March 28, ’79, coup,
do
do
sterling

1881
1856
1877
1879
1882
1882
1872
1863
1864
1853 to ’54
1866
1854
1868
1868
1868
1869
1874
1874

180.$,2493

Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Agricultural College land scrip

and reg

Funding bonds (Riddleberger), act. Feb.14,’82

$534,917,876 in 1882, $527,451,222

$473,000

100 Ac.
100 Ac.

1,562.900

Various.
1882

1872
1871
1872
1874
1876
1879

100
100
100
100
50
50
•

•

(?)
1,012,000
1,988,000
1,180,000

44,000
11,366,000
1,825,000
2,400,000

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
•

$508,892,338 in 1879.

7,923,700
2,000,000
6,893,000
2,227,000
500,000
631,000

•

1,000
1,000

738,000
155,783
27,450
56,000
18,000
128,000
48,200

1,000
50,Ac

1,000
1,000
1,000

500,Ac.
500,Ac.

63,200

500 Ac.

4,152,613
(?)

1,000
1,000

(V
397,000
8,224,351
(?)
67,000
499,000
467,000
288,000
1,647,000
1,068,900
216,641

1,000

500,Ac.

1,000
1,000
1,000
1,000
100 Ac.

320^367

1851 to’66 500 Ac.
£100 Ac
1851
1871
100,Ac.
100,Ac.
1871
100,Ac.
1872
1872
Various
1871
1879
1879
1882
100, Ac.
m

m

m

m

2,It. 3,789
792,705
13,506,800
815,594
655,200

791,913
15,239,370
7,761.600
320,300
3.676,064

-

in 1881, $518,617,518 in 1880

Real Estate.
Personal.
State Tax.
1878.
..$2,373,418,490
$364,960,110
2»,0
1879
«.... 2,333,669,813
352,469,320
286a1000
1880
2,315,400,526
322,468,712 *
3^
1881
2,340,335,690
340,921,916
24*
1882
351,021,189
2-45
2,432,661,378
1883
315,039,085
34
2,557,218,240
North Carolina.—Interest was paid for some years only on the
bonds issued to No. Car. RR.,- as the State holds $3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35, p.
132), and many holders have already so exchanged. The fund¬

ing

law

of

March

4,

1879,

funding old

provided for

ante-

bonds at 40 per cent of the lace value; “New ” railroad bonds recognized us valid at 25 per cent; funding bonds of 1866 and 1868 at 15
per cent. Nothing for overdue coupons. Coupons of the new
war

are
was

bonds

The funding ended January 1, 1882,
receivable for taxes.
continued in April, 1883, by a new law. If all were funded

but
the

ignored,

4 per cents would be $3,589,511.
Special tax bonds are
and also bonds to Chatham RR. 1868, $1,030,000, and to Williamston
Tarb. RR., $150,000, and lor Penitentiary under acts of 1868.
new

Assessed valuation of real estate

A

is about 60 per cent of true value.

Valuations and tax rate per $100 have been :
Years.
Real Estate.
Personaltv. TotalValuation.
1878
$91,079,834
$51,228,268
$142,308,102
1879
101,799,424
54,468,817
156,268,241
169,916,907
1880..
102,348,216
67,568,691
62,995,728
1881
104.742,911
167,738,639
—(V. 36, p. 81. 170, 399 ; V. 38, p. 509, 679.)

Ohio.—Ohio has a very small State debt, but large
ing in 1882 to $45.7*56,351, against $25,957,588 in

being mainly in Cincinnati debt. Valuations
Real estate.
Personalty.

Tax pr. $100
38

24
28
28

local debts, amount¬

1875, this increase
in Real
Ohio estate.
have beenPersonalty.
as follows:
"

’

' '

*'

$456,166,034
1860
$639,894,314 $248,408,290
1866
663,647,542 442.561,379 1881. 1,101,457,383 485,750,196
1882. 1,116,681,655 518,229,079
1878. 1,091,116,952 461,460,552
1879. 1,093,768,904 442,979,885
State tax rate for 1881-82, 2»i0 mills; for 1882-83,
mills.
.

..

Pennsylvania.— Sinking fund Dec., 1882, $2,049,519. Revenue
principally from corporations. Taxes are levied on personal
property. The State holds $5,775,000 of railroad bonds. Any coupon
bonds may be changed to registered. Total valuation in 1882, $1,664,is raised

847,494; tax rate, $3.

Rhode Island.—The debt was

all created for war purposes. In Jan.

1883, the net debt, less sinking fund, was $1,382,315.
tiou of real property in 1883 was $328,530,559; tax

South

The State valua

rate, 12 cents on

Carolina.—The funding law of Dec. 23,’73, provided for scal¬

ing down the old debt 50 per cent. The consols were again “re-adjusted”
Tue several acts were passed Dec. 3. 1873. Dec. 24, 1878
m 1879.
Dec. 24, 1879. and February, 1880.
In November, 1883, the consols
stood at $6,148,917, which amount was made up as follows: Brown
consols, $5,180,499; green consols not yet exchanged, $968,418, less
amount invalid, $699,149.
The old issues yet fundable on Nov. 1,

1883, were estimated at a total
.of tax per $1,000 have been *




of about $650,000.

118877990-.0.

2,600,641

8tate school tax, 2-57 mills.
New York.—The financial condition of theState has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds in January, 1883, amounted to $2,085,499.
The new Capitol
building has cost the State thus far $13,000,000, but this has been paid
for by taxation. Valuations and tax rate for State purposes have been :
and

Rate.

4,302,600
2,000,000

1,000

Special tax bonds

Ohio— Registered

do

$100Ac.

1,000
1,000
1,000
1,000

1868

Penitentiary bonds, act Aug. 24, 186S

do

outstanding.

100 Ac.
50 Ac.
500 Ac.

1879

Principal—When

Amount

or

par

Value.

explanations see notes on first page of tables

For

Size

Valuations and rate

6
6
6
6
4
6
6
6
6
6
6
4
6
5

g.
g.
g.
g.

4

3ie A 4
3^ A 4
6
6
6
6
6
6
6
6
6
6
6
6
5 A
6

When

! Payable

Where

Due.

Payable and by

Whom.

A J. N. Y., Manhattan Co. Bank.
do
do
A J.
do
do
A J.
do
do
A O.
A J. N. Y., Nat. Bk. of Republic.
do
do
Various
do
do
Various
do
do
A A O.
do
do
New York.
A. A O.
do
A. A O.
J. A J. N. Y., American Exeh. B’k.
do
do
J. A J.
F. A A. Phila., Farm. A Mech. B’k.
do
do
F. A A.
F. A A.
do
do
do
do
F. A A.

J.
J.
J.
A.
J.

1882-83...

Oct.

1, 1892

1909
1868 to’98
1884 to ’85

April 1, 1919
1868 to’98

Oct., 1898
1898 to’99
At will, 1885-’88
Jan., 1887
Feb. 1, 1902

Aug. 1, 1904
Feb. 1, 1912

Aug. 1, ’84 to ’92

1922
Harrisburg Treasury.
J. Providence, R. I. H. A T. Co.
July 1, 1893
do
do
A.
Aug. 1, 1894
1871 A ’81
J. Columbia, State Treasury.
J. Columbia and New York. July 1,1887 to ’97
J.
Columbia, Treasury.
July 1,1875 to’79
July 1, 1888
O. Columbia and New York.
do
do
July 1, 1888
O.
do
do
J.
July 1, 1889
do
do
July 1, 1882
J.
J. N. Y., National Park Bank.
July 1, 1893
July 1, 1914
J.
Nashville, Treasurer.
1875 to 1904
do
do
J.
Various.
do
do
J.
Jan. 1, 1912
New York. Cout’l Bk.
J.

....

J.
F.

g.
gg.
gg.
g-

J.
J.
J.
A.
A.

A
A
A
A
A
A
A
A
A
A
A
A
A
A

J.
J.
J.
J.
J.
6
J.
3, 4, 5, 6 I.
3
State Treasury.
Various
6
7 g. M. A S. New York, Bank of N. Y.
do
do
7 g. J. A J
do
do
7 g. J. A J.
6 g. J. A J. New York A State Treasury.
do
do
J. A D.
5
5
6
N. Y., Winslow, L. A Co.
J. A J.
6
J. A J.
5
London, Baring B. A Co.
J. A J.
Richmond, Treasury.
6
do
J. A J.
6
do
6
J. A J.
J. A J.
6
J. A J.
6
J. A J.
3 to 5
J. A J.
3 to 5
J. A J.
Richmond, Treasury.
3

Years.

Oct,, 1893
July, 1887
July 1, 1891

'

1891
1911
1892
March 1, 1904

July, 1906
1909

1886 to ’95
1886
1905
1905

Contingent
1919
1919

July 1, 1932

Real Estate.

Personalty.

Railroads.

$76,583,866

$36,574,858

$7,392,900

Tax Rate

4*

77,609,666

41,785,768

S7,131,400

48,249,939

13,767,400
15,227.964

4%

5

Tennessee.—A funding law was passed (act of May 20, ’82) without
the tax-receivable coupon clause, and giving new bonds at 60 per cent
of tin* principal and interest of old, the new bearing 3 per cent in

1882-83, 4 per cent in 1884 and 1885,5 percent

in 1886 and 1887.

1912. Exchanges were made in New York July.
of these compromise bonds were issued. The
Legislature of 1883 repealed this law and passed a new one ac^usting
the debt on the basis of mfw bonds at 50 per cent of the face value of
old, and bearing 3 per cent interest; the old State debt proper of
$2,118,000 is made an exception and new 6 percent bonds are to be
issued for that at the face value. Up to December, 1884, some ex¬
changes had been made. Assessed valuations and tax rate per $J ,000

and 6 per cent 1888 to
1883, and $8,224,351

have been as follows:
Years.
Real Estate.

Personalty.

$212,589,045
202 340,815
196,165,644
195,635,100

—(V. 36. p. 18, 170,
V. 38, p. 295.)

$24,319,803

20,871,338
16,952,036
16,133,338

Railroads.

$

Tax Rate.

$1
1
1
1

16,375.894
254, 286, 332, 724; V. 37, p. 49, 268, 448,564;

Texas,—The old high-rate bonds have been redeemed and low-interest
of tax per $1,000 have neen:
Total Val’tion. Tax Rate.
Personalty.
Real Estate,
Years.
bonds issued. Assessed valuations and rate
1878....
1879....
1880....
1881....
1882....

$187,722,374
186,297,495
197,167,630

216,228,017

$115,480,050
114,227,912

$303,202,424

$5

300,525,407

5

121,803,106
140,000,000

318,970,736
357,000,000

400,000,000

3

Virginia.—The law of March 28. 1879. for refunding the debt
The new bonds were
given in Chronicle, Vol. 28, p. 353.
10-40 year bonds, bearing 3 per cent for 10 years, 4 per cent
for 20 years, and 5 per cent for 10 years, coupons tax-receivable.
In February, 1882, the Riddleberger law for readjusting the debt and
the laws known as “Coupon killers” Nos. 1 and 2, were passed, (see V.
34. p. 88). The Riddleberger Act provided for the issue of new bonds,
dated July 1, 1882, into which all others could be funded at speci¬
fied rates below par. varying from 47
to 31, on the different
classes.
Up to Oct., 1884, there had been surrendered a total of
was

$5,724,492 bonds, coupons, certificates, Ac., of all sorts, for which
$3,676,061 of 3 per cent bonds had been issued, and $
West
non interest certificates.
Virginia interest certificates and $
The amounts in table above of other Ponds outstanding are not ndueed.
by the sums of each converted into Riddleberger bonds, as the state¬
ment. to close of fiscal year. September 30, 1884, has not yet been issued
The Supreme Court of the U. S. held (V. 36, p. 285) that the law
requiring the validity of the coupons to be established before a
State court did not impair the contract making them receivable for
taxes, and was therefore constitutional, but the case is to be reopened
in same court on appeal, as Judge Bond of the U. S. Circuit Court in
Virginia decided after this Supreme Court decision that a tender of cou¬
pons was sufficient for the taxpayer.
This decision of Judge Bond lias
been appealed to the U. 8. Supreme Court, and may be reached in two or
three years. The Va. Legislature of 1884 passed several laws to defeat
the tax-receivable coupon rights of bondholders, and to force the ex¬
change into “ Iiiddlebergers.”
Assessed values in 1883 were: real estate. $236,368,227; personal,
$81,789,720 ; railroad property. $35,817,212. (V. 37, p. 268, 399, 640;
V. 38, p. 62, 359, 447; V. 39, p. 158, 183, 235. 316.)

8

SECURITIES

CITY
Subscribers will confer

great favor by giving immediate notice of any error discovered in these Tables.

a

DESCRIPTION.

Date of
bonds.

For explanations see notes on flrst page

New Post Office site

High School
Water debt <$400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
New City Hall
South Pearl Street bonds
Bonds loaned to Albany & Susquehanna RR..

Atlanta, Qa — Bonds for streets, floating debt
Bonds for A. L. Railroad and State House
Bonds for West. RR. and floating debt

Bonds, 1st and 2d series, waterworks
Redemption bonds

Capitol bonds

Size or
Amount
par
outstanding.
value.

of tables.

Albany, N. Y.—Purchase Congress Hall Block..
City improvement
Washington Park.

do
do
Bonds to fund

floating debt

1866
1870-’71
1870-’82
1874
1875
1874-’80
1877
1882
1882

$1,000
1,000
1,000
1,000
1,000
1,000
1,000

1*000

1865

500 &c.

1870 & ’72
1874
1877
1875
1881
1879
1884

500 &c.

loan of 1890

Water

loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan

Various.
Various.
1877
1878
1863

1,000
1,000

77.500

1,000
1,000

68.500

1865
1860
1863

City bonds
New City Hall

do
do
Consolidated loan

Western Maryland Railroad
Jones’ Falls ($957,000 are 5s)

Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Western Maryland RR. loan ($684,000)
Endorsements for Western Maryland RR
do

1865 to ’72
1874
1875
1869

1869

385,000
55,000

Androscoggin Railroad

Knox & Lincoln Railroad ($23,750 each year
do
do
(F.&A.and M.&S)
Railroad refunded

1861
1869

..

Boston—City purposes, war debt. &c
City debt and Roxbury and Charlestown
ao
registered

1871-’72

1852 to ’64
1864 to ’80

[

i*,6o6
1,000

do

do

4 per cent

do
do
do
do
do
do

do
do
do

1878
1872
1875-’7G
1879

Sterling

5 per cent

412

gold.

do

4
4 per

do

cent.
Brooklyn—Brooklyn local improvement loan..
Mount Prospect Square loan

1861
1857
Soldiers’ aid fund loan
1865
Gowanus canal improvement loan, local
1866
Bushwick avenue
do
do
do
1865
8outhSeventh st.
do
do
do
1866
Union street improvement loan, local
1867
Fourth avenue
do
do
do
1862 & ’67
Wallabout Bay
1867
do
do
New York Bridge loan, registered and coupon'
1870
Bonds for N. Y. & Brooklyn Bridge, cp. or reg.! 1876-’79
Prospect Park loan, registered aud coupon
I860 to ’73
Prospect Park loan
i 1860 to ’72
...

1,000

1,000
1,000
1,000
1,000
1,000
1.000

canal enlargement, water works, Ac. Sinking funds, Jan. 1,1884,

15,389; in 1880, 21,891.
Baltimore.—The total net debt over and above productive assets, on
which the city is chargeable with interest, was $5,582,657 on Dec.
31,
1883, against $5,872,714 Dec. 31, 1882. The Baltimore & Ohio Railroad
pays interest on $5,000,000: Water loan is paid by income of water
works, and Public Park by City Passenger Railway, and against a total
debt of $33,121,991 tbe city is chargeable with interest on only
$22,045,585, aud holds productive assets, including the sinking funds,

equivalent to $16,462,9 *3, leaving only $5,582,650 as an absolute
charge for interest. There arc held $15,418,840 of unproductive assets.
Population in 1870, 267,354 ;
1880, 332,313. Assessed valuation and
tax rate

have been

Years.

:

Real
Estate.

Personal

$187,240,000

Total

Property.

Valuation.

$60,000,000

$246,234,056

Rate of Tax
per

$1,000.

13 70

248,803,232
15 00
16 00
250,000,000
Assesced valuat’n is near the full cash value.
(V. 37, p. 127.)
Bangor, I?Ie.—The loans to Eu. & No. Am R. R. to Bangor A Pis. RR. are secured by first mortgages on those roads, and interest fully paid
from the earnings. Valuations (near full value) and tax rate have been:
\ ears.

l«82
1883

Municipal

propeity,
16.851 in 1t»80.




Real Estate.

Personal tv.

$6,414,703

$2.81 3,130.

6,443,298

2,788,4 ’ 4

including water works, $808,000
in 1870.

Tax rate.
2-34

Population,

1890
1886

March 7, 1902
After 1885

925,000
180,500

154,000
425,000

559,700

Various
A. & O

Various

After Nov. 1,1920

July 1, 1900
Jan.

1385 and 1892
Jan. 1, 1894

do
do
do
do

July 1, 1905
Jan.

1, 1894

April 1, 1899

City Treasury.

1387 & 1897

Boston, Second Nat. Bank.
1885 & 1898
City Treasuryand Boston. Jan to Oct., 1891
Boston, Hide A Leather Bk. July 1,1884 to '99
Boston, Second Nat. Bank.
189 L & 1902
July 1, 1902
Boston, ITreasurer’s Offioe.
1884 to ’87
do
do
do
do
do
do

do
do
do
do
do
do

1884 to ’97
1887-1913
Oct.. 1889
1887
Various.
1385 to 1891

Various
Various
A. & O. London, Baring Brothers,
do
J. & J.
Various Boston, Treasurer’s Office,
do
do
Various
do
do
Various
do
A. & O.
do
A. & O. London, Baring Brothers.
Boston, Treasurer’s Office.
<io
A. & O.
do
do
A. & O.
do
do
do
Various
M. & N.
Brooklyn. i
do
*
£ £

13,000

1, 1902

do
do

,

do
do
do
do

op

do
do
do
do
do
do
do

92,000

April. 1893
July, 1899
1385 to 1913
1397 to 1908

1907-1908
1908
Oct,., 1902
1905-1908
1909
1909-1912
1913-1914

1891
1837
1885 to ’90

M £

3D

^

pH

>?§&<

do

do
do
do

1,217,000

$248,300. Taxable valuation in 1883: Real estate, $12,000,000; per¬
sonal, $6,020,000; tax rate, $1 87*2 per $100. Population in 1870,

1,
1,

April 15. 1900

Boston, Merchants’ N. B’k.

137,000
194,000
248,000
221,000
3,000,000
9,245,237
8,019,000

issued for railroads, and bal¬

L, 1895

April 9, 1900
Oct. 31, 1886
Balto., Nat. Merchants’ Bk. July 1,1894, 1922
Balto., City Reg’ter’s Office. After Jan. 1, 1920
|
July 1. 1925
Balto., N.Mechanics’ Bank.1 Jan. 1 ’90 & 1900
Baltimore, Franklin Bank.
Jan 1, 1895

117,000

Atlanta.—The total bonded debt Jan. 1, 1884, was $2,196,500. As¬
sessed value real of estate in 1883, $18,268,269; personal, $8,194,475.
Population, 37,409 m 1880; 21,789 in 1870.
ance lor

&
&
Various
J. & J.
J. & J.
J. & J.
A. & O.
M. & S
Various
A. & O.
J. & J.
Various
J. & J.
V arious
Various

552.000

1880; 69,422 in 1870.

was

250,000
502,000

686,000
931,000
213,000
90,000

estate, $81,604,218 ; personal. $7,H r, ,366 —estimated to be about threefourths of true value. City tax rate 1882, 1-86. Population, 90,758 in

Jan.
Jan.

do
do

do
do

268,000

1,000
1,000

Jan.

City Register’s Office.
Balto., Farm.&Plan. Bank.
Balto., N. Mechanics’ Bank,

588,000
1,947,274
3,552,000

1,000
1,000
1,000
1,000

do

do
do

4,897,000

Albany.—The loan to Alb. & Susquehanna is secured by first mort¬
gage. The valuation of Albany County in 1882 was, approximately : Real

Augusta.—Of this debt, $600,000

500.000

840,000

1879-’80
1883-’84

Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890

1920

490,000
230,000
160,000
4,997,604
3,068,291

£100 Ac

July 1, 1890
July 1, 1916

1920

450,000

1877
Various.

City debt
West Roxbury
Burnt district, sterling loan
1873
JBlOO&c
Consolidated street improvem't, sterling loan.
1869
£100<fce
1862 to’83
Mystic water debt, assumed
1,000
Cochituate Water loan, 6 per cent
1866 to ’76
do
do
5 per cent
1875 & ’78
do
do
do

do

9.932.500
8,855,000

1879

1886-1896
1914
1384 to 1906

Balto., Nat. Mechanics’ Bk

247,000
1,280,000

1878-’82.

Sept. 1, 1885
July l, 1911

After July, 1916

Balto., Farm. & Plan. Bank,

1,000,000

Jan, 1, 1904
Jan. 1, 1897

do
do
do

95,000
1,000,000

1,000

Various.
Various.
Various.
Various
Various.

do
do
do

Balto., Farm. & Plan. Bank.
Balto., N. Mechanics’Bank.

500 &c

1895-97
1386 & 1892
J. A J., 1890
J. & J., 1902

Augusta, Treasury.
Balto., Farm. & Plan. Bank.
Balto., Nat. Merchants’ Bk

1,000,000

100,000
100,000
500,000

500 &c

Feb.. 1885 to ’94
New York.
1384 to 1900
New York and Albany.
1910-21
N. Y., Merchants’ Nat. Bk.
May l, 1904
do
do
1884 to ’85
do
do
Feb. 1, 1883-1912
do
do
Feb. 1. 1883-4-5
do
do
July 1,1905 to’10

Albany.

1.206.500
29.500

1,000
1,000

Due.

whom.

M. <fc N. N. Y., Del.& Hud. Canal Co
New York, Park Bank,
do
do •
do
do
New York, Fourth N. Bank
Atlanta or New York,
do
do
do
do
New York, Park Bank.
New York and Atlanta.

1,029,061
404,800
800,000
1,000,000
1,957,000
1,015,300
4,500,000

Union Railroad

Knox & Lincoln RR., for stock and coupons

do
do

&c
&o.
&c.
(fee.
&c
&c.
&c.

100 *&c.
100
100 Ac.

1874
1880
1882

Bangor, Me— City debt proper ($50,000 are 7s)
Municipal loan
Waterloan bonds, coup. (Act Feb. 22, 1875).
European & North American Railroad
Bangor & Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000are 6s,'97, J.&J.)

‘

100
100
100
100
100
100
100

N.
N.
A
A.
J

Piincipal—When

payable and by

Boston, Merchants’ Bank.

A N.
&
&
&
&
&

7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
185,723
200,000
5,000,000

100 Ac
100 &c.

1874
1864
1881
1870
1872
1872-’84
1873

Paving loan
Funding loan

do

1853
1853
1884
1870

J.

& A.
& 8

2,057,000

Patterson Park extension

Five million loan to Baltimore <fc Ohio RR....
One million loan to Pittsb. & Connells ville RR

F.
M.
M.
M.
M.
F.
F.

52,000

&c
&c.
&c.
&c.
<fcc
&c
&c.
&c

Where

Payable

427,000

500 &c.

too
LOO
LOO
100
100
100
100
100

Rate.

115,000
20,000
1,090,000
110,000
145,000
62,000
860,000
365,500
400,000
418,000

1,000

’66-’67-’72
1869-’70

INTEREST.
When

$150,000
448,000
1,048,000

30481 781
Auausta, Qa—Bonds for various purposes

Baltimore—Consolidated

[VOL. xxxix

C-i+a
§m.S

o

1884 to 90
1884 to’90
1884 to’90
1884 to ’86
1884 to ’95
1884 to ’90
1899-1924
1905 to 1920
1915 to ’24
1915 to ’24

Batli, Me.—1The city bolds a first mortgage on the Androscoggin road

for the debt, aud second and third mortgages on the Knox & Lincoln for
its proportion of $895,000 out of a total of $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation. 1881—real estate,

$6,511,335. Tax rate. $25 per $1,000; 1882, $6,847,945 ; rate, $25:
1883, valuation, $7,084,825; rate, $25.
Boston.—The population of Boston in 1880 was 362,839; in 1870,

250,526. against 177,840 in 1860. The total funded debt April 30,
1884, was $43,185,669, and net debt, $26,344,494. The tax levy in 1884

is divided as follows: State, $770,740; county, $301,600; city, $10,210,029.
The rate on $1,000 on valuation of 1884 is as follows: State,

$1;

county,

29c.;

city,

$15 71; total, $17 00, against

$14 50

on

valuation of 1883.
Assessed valuation on May 1 for four years has been:
Years.
Real Estate.
Personal Estate. Tax Rate
Net Debt.
1881
$455,388,600
$210,165,997
$13 90
$26,005,620
1882
15 10
204.785.000
467,705,100
24,261,661
1883
14 50
203,966,700
478,402,800
24,858,817
1884
«...
17
00
488,130,700
194,517,300
26,344,494

Brooklyn.—The whole citv debt

was as

follows Jan. 1.1883 and ’84.
Jan. 1,1884.

Jan. 1. 1883.
Permanent debt
Water loan

$21,236,000

$24,194,237
10,452,000
5,118,551
3,000,000

9,859,500

Temp’y debt, payable from assessment.
Tax certificates

6,919,551
4,150,000

Totals
$42,165,051 •
$42,764,783
Collections on arrearages of taxes in 1883 were $2,132,604, and the
amount of arrears $1,311,909 at the close, showing a gain of $820,785

during the year.
Population m 1870, 396,099, against 566,663 in 1880.
property and tax rate per $1,000 for four years have been
Years.

s-.^rv

IS31
7882

Real.

Personal.

Rate.

$12,562,500
11,215,794

$25 50

240,128,905

15,137,040
14,383,541

23 77
23 16

2(14,404,017
(V. 37. p. 74.

of

$220,363,499
223,620,197

Iho debt of Kings County, separate from
about $4,000,000, of which the city is

weutietbs.

Valuation
:

the debt of

responsible

26 90

Brooklyn, is
for nineteen-

Subscribers will confer a great favor

For explanations see notes on

by giving immediate notice of any error discovered
INTEREST.
1

first page of tables

in these Tables.
Prinei al—When

Amount

Size or
par
Value.

Date of
Ponds.

DESCRIPTION.

9

SECURITIES.

CITY

October, 1884. J

;

outstanding.

|

Rate.

ue.

When

! Payable

!

Brooklyn—(Continued J—
Permanent water loan
do
do

Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local

Temporary tax certificates
Tax certificates, reg..
Arrearaue fund bonds
Arrearage bonds, reg. (redeem,
Award bonds for lands taken

]

$1,000

i

1,000
1,000
1,000

)

1877-8-9
1879-80-8
1881

2,450,000
3.000,000
1,0: >0.000

....

l.OOO&c
l.OOO&c
1,000&c
1,000
1,000

1S77-83
1864
1863
1856 to’7< l 500 etc.

do
do
do
Water loan
do
do
do

500 A.C.
500 etc.

1873-’74

1874-5
1866
1866 UCT,1
.867 to '71
1869-71

'.

1,000
500 etc.

.

— City stock...
City bonds, coupon

-

1,000
1,000

Charleston, &. C

1866

Fire loan bonds, coupon

Conversion bonds, to redeem past-due debt...
do
do
do

1878
1879

coup, or reg

.

.

100 etc.

Chelsea, Mass— Sinking fund bonds
Bonds

....

1,000

Funded debt, coup
do
notes
Water loan, coup

1,000
500,etc.
1,000

Chicago— Water loan
Water loan
Water loan

1882

(refunding)
Sewerage bonds

100. etc.
500 etc.

1880

do

1,000

River improvement bonds
Municipal bonds
Municipal and School bonds
Municipal bonds (refunding loan)
Cook County debt
Cincinnati-- Loans to Railroads
M
Bonds to O.& M. RR. to purchase whf. prop»N

1,000
500 etc.
188 i
35 to ’£ )
1854
1855
1868
1869
1863
1855

X
Bonds for erection of a Workhouse
Bonds lor Water Works
C3
Bonds for Common School purposes
P
Bonds to O. et M. ItR. to purchase whf. prop.. N
Bonds for ext. and impr. Water W..C, D. & E
Bonds for funding floating debt
A2
Bonds for new Hospital
SetS2
for
Bonds
funding floating debt
L
Extension and improve. Water Works... K etF
Bonds to purchase Orp’n Asyl. grds. for park.O
Bends for sewerage
R
Bonds for improving Gilbert avenue
U
Bonds to build Eggleston avenue sewer....B3
Bonds for improvement
W
Bonds for Water Work purposes
C4etC5
General improvemeu t
W2
Cincinnati Southern RR
do
do
do
do
($3,200,000 are gold 6s)
do
do

1,000
1,000
1.000

1,000
1,000

1,000
500 etc.
500 etc.

....

et J.

amounted to

/

‘

90,099,045

1882
1383

101,596,787

do
)■ x. o otj
do
I 3 *
do
I
do
I
>>
do
Buffalo and New Yoi-k.
do
do
do
do

from date.
from date.

1884
1887

(
"

1.921

.

2,138.000

Chicago.—The net funded debt January 1,1884, was $12,751,000

1831

3 years

,

The city debt is limited to 5 per cent of the Illinois State valuation.
Of the funded debt, $3,955,000 is on account of the Water Works, which
yield an income much above the interest charge on the debt
Tax Rate
Equalized Value.
*
Personal.
Real Estate.
per $1,000.
Years.
$32-01
$26,817,806
1879
$91,152,229

28,101,678
29.052,906
29,052,906
31,039,717

3 years

,

1880; 18,547 in 1870.

89,031,955

j ! \ 1884 to 1912

r>

assessed value of real estate is about one-third of its true value.
Population in 1870 was 298,977, and in 1880, 503,185. The South Park.
West Chicago Bark and Lincoln Park loans are not debts of the oity,
but of distinct corporations.
Cincinnati.—In addition to the issues above named there remains,
several smaller amounts, as follows:
$59,000 5s, November. 1884;
$J5,000 (Y&Y2) 6s, 1886; $15,000 6s (Q.). November. 1890; $27,000
6s (A.), March, 1897; $76,000 (H2.), August, 1897; $29,000 (V) 6a,
1885; $20,000 7s, 1884-85; $19,000 4s. Is9l; $64,706 (U3U4), 1889
and 1890. City bolds $1,274,000 of Cincinnati Southern bonds m sink¬
ing funds. In'1870 the population was 216,239, against 255,139 in
1880. The following table from the books of the Auditor of Hamilton
County, Ohio, exhibits the assessed valuation of the city of Cincinnati
in the year 1860, and from 1870 to 1884:

The

$1,617,214. The investments are nearly all in city bonds at par and
stamped “ not negotiable. Tax valuation in 1881, real estate $39,124,300, personal $12,552,190; taxrate, $16 per$1,000. Valuation, 1883,
real estate $39,821,700; personal $11,975,640. Tax rate in 1882, $1-66
Years.
per $100.
Population, 52,669 in 1880; 39,634 in 1870.
Charleston, S. C.—The bonds of Charleston are mostly held within 1860
the State of South Carolina. Conversion bonds of 1879 are issued in
1870
exchange for city stock. Valuations and tax rate per $1,000 have been : 1871
Years.
Real Estate.
Personal Prop.
Tax Rate. .1872
$15,017,595
$6,555,864
$25 00 1873
15,182,845
7,244,212
22 50 1874
15,454,010
7,926,602
22 50 1875
1876
—Population, 49,984 in 1880; 48,956 in 1870.
Chelsea, Mass.—Sinking fund, Jan. 1, 1884. $248,880, and debt, 1877.
$1,661,800. Tax valuation, 1883, $17,374,335; tax rate, $18 40. Valu¬ 1378
1879
ation in 1882, $17,029,722; tax rate, $18 80. Population, 21,782 in

....

*

•

16 13

98,097,000

'j.

Bidotlyi ’

1884 to i'925
Various
1884 to 1925
Various
July, 1885-1900
J. A J.
1887 «fc 1889
A. & O. I Boston, Bauk Redemption,
220.000
Jan. 1, 1893
J. ct J.
Boston, Tremont Bauk.
150.000
1884 to’96
,r. ct ,T. Boston, Bank Redemption, i
1,573,000
do
do
J. ct J
| July, 1903-4-5
689,000
i Apr. A Oct. 1,’84-9 5
do
do
A. ct O.
514,000
do
do
J. ct J.
July 2, 1886
100,000
do
do
J. ct .1
July 1,1890 to ’98
5(56.500
A. ct O.
do
do
Apl. 1, 1887-1895
635,000
:
do
do
M. ct N.
May, 1889-1891
162.000
1868 to ’98
Charleston, Treasury
Q.-J.
29,050
1883 ct ’84
do
Various
51,090
1890
do
J. ct J.
103,400
do
!
1888 to 1897
A. ct O.
500.000 ;
1898
do
109,500 1
Jan. 1, 1909
do
,J. ct J.
3,413,300 :
1884 to 1908
958,800 | 4 et 6
1884 to 1888
5*2
25,000 !
1891 to 1895
Various Boston, N. Bk. Redemption
6
992,000 i
1889-1890
Various
4 *2
9(5,000
F. et A Boston, N. Bk. Redemption Aug. 1,1887-’95
6
200.000
1897 & ’98
J. et J. N. Y., Am. Ex. Nat. Bank.
6
132,000
do
do
J. et J.
July 1, ’88 to ’95
7
3,490,000 ,!
1902
do
do
3 65 J. et J.
333,000
1884 to ’95
do
do
J. et J.
4
2,133,000
do
do
July 1, 1900
J. et J.
4*2
489,500
1890 to ’95
do
do
J. et J.
7
2,608,000
do
do
J. & J.
July, 1895 & ’96
6
186,000
1885 to ’99
do
do
J. et J.
7
2,536,500
1901
do
do
4
813,500
4,941,500 4^ to 7 M. ct N. N. Y., Metropolitan Bank. May 1,1885-’92
1884
N. Y., Bank of America.
J. et D.
6
102,000
Nov., 1885
M. ct N. N.A\, Am. Exck. Nat. Bank,
6
210,000
1888
do
do
7 3-10 J. & D.
250,000
1888 & 1889
do
do
7 3-10 J. ct D.
150,000
do
do
Jan., 1890
J. ct J.
6
93,000
do
do
Nov., 1890
M. & N.
6
194,000
April, 1895
A. ct O. Pliila., Bk. of North Arner.
6
397,000
do
do
M. ct N.
May, 1897
6
146,500
1897 ct 1898
7 3-10 Various N.Y Am. Exch. Nat. Bank.
750,000
do
do
Jan., 1900
J. & J.
6
60,000
Various Pliila., Bk. of North Amor. June & Oct., 1900
6
175,000
Cincinnati.
Mar., 1888&1908
M. & S.
6
131,000
Sept., 1899
7 3-10 M. & S. N. Y., Am. Exch. Nat. Bk.
150,000
do
do
Sept., 1899
7 3-10 M. ct S.
150,000
do
do
Oct., 1899
7 3-10 A. & O.
100.000
March 1,1886
do
do
7 3-10 J. ct D.
133,000
do
do
F. ct A.
Aug., 1886-’97
7
450,000
Dec. 1, 1891
do
do
J. ct D.
7
600,000
do
do
July 1, 1902
& J.
7
578.000
do
do
ct J.
July 1, 1902
7 3-10
8,243,000
do
do
May 1, 1906
M. ct N.
4,8*4,000
Nov. 1, 1908-’09
do
do
Various
6 et 7
1,774,000
Cincinnati.
M. et N.
May 15, 1904
7
1,000.000
Jan. 1, 1896
N. Y., Am Exch. Nat. B’k.
J. <t J. X.
7
50,000
Aug.,’85, ’90 ct’95
F. et A.
Cincinnati.
7
300,000
May 1889-1909
M. et N. N.Y., Am. Exch. Nat. Bank.
5 et 6
175,000
May 1, 1906
C.ucinnati.
M. et N.
7
50,000
1884 to’93
do
Various
5 et 7
283,736
M. et N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
5
1,337,000
do
Julv, 1911 to 1931
do
J. & J.
4
556,000
Cincinnati.
July 1, 1892
,T. et J.
4
60.000
June l, 1901
J. et D. N. Y.,
4
500,000
1892 & ’93
•65 to 7 Various N. Y.,
1,100,000
1885 to’94
do
do
5, 6, 7 Various
1,830,000
1887 to’91
do
do
Various
7
315,000
1894 to’98
do
do
Various
6 et 7
275,000
1885-6-7
do
do
Various
7
150,000
1884
do
do
A. et O.
7
100,000
1884 to’93
do
do
Various
4 to 7
369,700
1884-5-6
do
do
4 to 7
Various
2(57,300
1884 to ’89
do
do
Various
4 to 7
202,800
1881 to’87
do
do
Various
6
24,000
1893 & 1907
do
do
Various
>. 6 et 7

93,167,090
8,796,675
16 27
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are exchange
able for registered. The interest on different bonds is 3^, 4, 4^, 5, 6
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.

Cambridge, Mass.—The sinking funds, Jan. 1, 1884,

&

200,01»0
3,915.500
2,871.882
467,937

Buffalo.—In 1875 real and personal property was assessed at
:39,968,105; in 1876 rule of valuation changed and assessment was
>111,995,905. Since that date valuations and tax per $1,000 have been:
Real estates
Years.
Personalty. Tax Rate.
1878
80,929,165
,
7,947,380
17 60




J
.J.
et J.
& J.

...

500 etc.

1867-’68
1,000
1853
1,000
1851-’53
1,000
1858
1,000
1869
1,000
1869
1,000
1869
1,000
1871
1,000
1871-’72
1,000
1,000
1871
500 etc.
1872
1872
1,000
500 etc.
1876
878 & ’7S
1,000
1874
1,000
Floating debt bonds, coupon
1875
1,000
Park improvement
1875
1,000
Water-works bonds
D1
1879
1,000
Bonds for McLean Ave. sewer
U2
1876
Hospital bonds
S3
Various
876 to ’83
Street improvement bonds, short
1.000
18S0
Consol, s. f. bonds, 30-50 yrs. (Act A pi. 9, ’80.
1881
1,000
do
do
do
100
1882
Work House and Infirmary
100 etc.
1881
Deficiency loan (redeemable after 1891)
Cleveland—"Water works ($200,000 are 6 p. ct.). 1872 to ’84 1,000
1869 to\*4
1,000
Funded debt ($203,000 6s, $32,000 5s)
1.000
1872 to’74
Lake View Park
1874 to’79
1,000
Canal and canal lock ($11,000 are 6s)
1869 to’73
1,000
School ($100,000 are 6 p. ct.)
1868
1,000
House of Correction
100 etc
Various.
Main sewers, special assessment
100 etc.
Various.
Street improvem’ts do
100 etc;
Various.
Street damages, &c., do
l ,000
1876
Infirmary
1,000
Viaduct (mostly F. et A.. A. <t O. and J. i D.) 1873 to ’78

18S0

J.

1,625,000
...

Cambridge, Mass— City bonds
City bonds

'

et
&

1,650.000
1884

in 1894)

Water works bonds
Tax loan bonds

3281

$1,500,000

,

Buffalo, iV. r.—Funded debt bonds

do

J.
J.
J.
4. 5, 6. 7 J.
6 et 7
J.
3*2

110,152,000 \ 4, 5,7 7

33-33

34-72
33-72
34-10

1880
1881
1882
1833

....

....

....

....

....

....

Real

Personal

Estate.

Estate

$61,620,904
78,736,482
123,427,888

119,621,856
121,479,280
123,231,790

125,976,835
....

....

....

127,143,900
128,820.270
129.043,880
128,473,130

$31,411,912
57,370,754
56,934,044
55,462.410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
43.830,188

Total
Valuation."

Tax per

$93,032,716
136,107,236
180,361.932

$17 45

175,084,206

185,645,740
181,950,074

184,498,565
183.952,966
179,430,142
172.874,068

138,342,183

41,359,163
28,643,917

169.305,635
167.535,356
161.104,393
166,OH*;.105

....122,874,790

47,050,496

169,925,286

....

....

....

....

129,956,980
120,045,230

40,832,505

37,578,376

$1,000.
31
22
20
23
23
24
27
29

60
20
10
06
38
82
04
10

28 54
28 98
31 00
22 20
23 82
20 50

the Cincinnati Southern Rail¬
and with the waterworks and
other property owns real estate assets put at $35,775,000.
Cleveland.—The sewer, street improvem’ts and street opening bonds
are tor special local improvements, and redeemed by assessments on the
property benefited.
Assessed valuation, tax rate, debt and sinking
city is the sole owner of the stock of
road, leased as per terms, V. 33, p. 281,

The

uiKls have been:

.

:

‘:

fid

CITY

io
Subscribers will confer

a

Size

Date of
bonds.

bond

outstanding.

1875
$1,000
1878
1,000
1882 Ac ’84
1855 to ’80 500 <fec.
1859 to ’71
1872 to’76
1879
1871 to ’74
1,000
1870 to ’75
1,000
1872 to ’73
1,000
1865 to’66
1,000
1875-’76
1,000
1877
1,000
1876
1,000
1882
500 Ace.
1868
1,000
1869
1,000
1870
1,000
1870
1,000
1870
1,000
1876
1,000
1876
1,000
1877
1,000
1878
1,000
1881
1,000
.

Coupon warrants and sewer and paving bonds
Detroit,Mich,.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle

N?J.—Improvement bonds

Funded debt bonds
School House bonds
Market House bonds

Consolidated improvement bonds

Evansville, Indiana— E. H. Ac N. RR. bonds
City wharf bonds
•.
E. C. AtP. RR. bonds
do
do
Water works bonds

*

Redemption bonds
do*
do
do
do
do

do
do
do

Fall River, Mass.—City notes

7

170,000

5
4 to 7
7
6 Ac 7
4
7
7
7
7
7
7
7
4

1,555,t)00
409.000

320,000
100,000
180,000

535,000
01,000

1*73
1871
1875
1883
registered
Galveston, Texas- Bonds for various purposes... 1 869 to ’75
Limited debt bonds (sinking fund 2 per cent), 1877-8-9
do
do
1882
Galveston County bonds, G. C. Ac 8. F. RR
1865-’81
Hartford, Conn.—Water bonds
1876
City bonds (H. P. Ac F. RR )
1859
Park bonds (4 of these bonds are for $500 each)
Funded debt
1868
1872
Capitol bonds
Hartford town debts to railroads 10-25
1879-’80
-1863
do
do
war
do
floating debt
1871-’74
Holyoke, Mass.—City notes
1874
City bonds, sinking fund
1872
do
Water loan
1873
Railroad loan
do
($60,000 are J. Ac J.).
1869 to ’70
Indianapolis—Bonds to railroads
Bonds to Un. RR- Tr. Stock Yard (mortgage).
1877
1873
Loan bonds, series A
do
do
B
1874
do
do
C
1874
do
D
1875
do
1874
Purchase-money bonds—Southern Park
Jersey Oily—Water loan bonds, mostly coupon 1852 to’77
Water loan bonds,mostly coupon
1869 to ’73
Water loan

“

1872

Funded debt bonds
Old Jersey City bonds, coupon
Hudson City bonds
.*

Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Assessment funding bonds
Revenue bonds, coupon or registered
Temporary loan
*
"
Bonus to fund floating debt. Ace., coup, or reg.
Bonds to pay maturing bonds, Ace
Kansas City, Mo.—Bonds

1870
1872
-1864-’65
1864-’70
1868-’70
1869
1865
1875-’76
1876

1*879

400,000
300,000
100,000
50,000

1,000

1,000
1,000

348,300
510,100
349,600
417,000

100 Ac.

1*6*00

957,000

1,000

500,000

1,000
1,000
1,000
1,000
1,000
1,000

30,000
300,000

1,000,000
1,250,000
90,000

1,000

203,000
180,000
271,000
250,000
226.500
155,000
500,000
300,000
300,000
300,000
200,000
109.500
984,000

1,000

3,329,000

1,000
1,000
1,000
500

1,000

1,000

1,000
1,000
1,000
500

Real aud

Tax per

Personalty.
$79,586,156
82,684,212

1,000.
$14loo
14:t>0

84,490.060

l,000Acc
l.OOOAce
Vari ous

1*6*00

150,000
400,000
41,000
900,000
400,000
2,027,000
1,353,000
600.000

1880-’l

338,000
742,000
300,000
107,000
262,000
1,300,000

$5,888,850

$1,176,200

5,943,000
5,982,000

750,100
839,800

De» Moines, la.—Assessed value of property $7,200,000, which is
about 20 per cent of true value. Tax rate, $5 per $100. Population in
1870. 12.035; in 1880. 22,400.
Detroit. Mich.—There are also $10,000 House of Correction bonds
due 1893. The population in 1870 was 79,577;in ’80,116,340; in 1883,
130,000.
The value of water works is $3,315,989, against a debt
of $1,555,000.
The water works bonds are issued oh a pledge of
the city credit, and $75,000 per year collected in taxes to pay interest on
them.
Assessed valuation, in 1883-.w4—real property, $78,9-?2.l70;

personal, $26,928,725; total, $105=910,925, which is made on the basis
of true value. Tax rate. $10 89 per $1,000.
Elizabeth, N. J.—Default was made in interest Feb. 1, ’79, Suits on
bends are pending. Total bonded and floating debt Jan. 1, 1884, $6,403,868. The proposition to issue 4 per cent bonds at 50 per cent of the
face value of old bonds has been accepted to some extent and $545,000
of the new issue had been made to Jan., 1884. Some of the largest
holders have declined to come into the compromise, and in Oct., 1884,
no steps were in progress to settle the matter.
The Mercantile Trust
Company in New York acts as the agent. The above statement of bonds
to Jan. 1. 18*4, is official. Assessed valuations and tax rate have been
as follows: In 1881. $12,296,307, rate, 1*96; in 1882, $12,182,035.rate,
3-12; in 1883, $12,471,115, rate, 2-40; in 18*4, $12,300,000 (estimated),
rate, 2 00. Population 1880, 28,229; in 1870, 20,832.
—(V. 36. ]). 510, 560, 590, 651; V. 37. p. 342.)

Population in 1870. 21,830;

in 1880, 29,280. Assessed valuation (true value), tax rate per $1,000
and debt have been :
Years.
Real Estate.
Personalty.
Tax.
Debt.

$13,925,825
15,205,795
13.204,715

—(V. 36

Vail

0-st

497. y 37

p

$5,379,940
6,031,105

$12 50
12 50

$1,651,000
1.651,000

6.797,890

12 50

1,651.000

234, 266,)

River, Mass,-The sinkingfunds amounted to $651,718 Jan. 1,




Principal—When
due.

payable and by

payable

whom.

J. Ac J.
J. Ac J.
Various
Various
Various
F. Ac A.
F. Ac A.
Various
Various
Various

New York, Kountze Bros.
do
do
Des Moines aud Boston.
N. 1., First Nat. Bank.
do
do
do
do
do
do

At* * J.

July, 1892
July, 1888
1887
1885 to 1906
1886 to’91
1892 to ’97
1899

'

City Treasury,

1879 to’81

.

do
do
do
do
do
do

Various
A. At O.
At D.
At N.
At J. N. Y., Mercantile Trust Co.
At N. N. Y., Farmers’ L. At Tr. Co,
do
do
& N.
do
do
At D.
At D.
do
do
At J.
do
do
A. At O.
do
do
M. At N.
do
do
do
do
J. At D.
do
do
do
do
F. At A.
Various
City Treasury,
do
Various
F. At A.
Boston, Revere Bank.
M. At N. Boston, Bank Redemption
do *
do
do'
do

J.
J.
J.

do
do
do

do
do
do

Boston, Merchants’ Bank

1882 to ’95
1882 to’93
1882 to’86
1885 to ’96
1907
1886

July 1, 1912
Maj 1, 1898
May 1, 1899
Dee. 1, 1890
Dec. 1, 1895

July 1, 1895

April 1, 1906
May 15, 1906
June 1, 1907
April 15, 1908
,

Feb. 1, 1911
1884 to 1888
1884 to 1891

Aug. 1, 1894
May 1, 1895
May 1, 1895
1896-1898
Feb. 1, 1900-1909
Nov. 1, 1892-1906

Aug. T, 1899-1905
May 1, 1908-1909
July 1, 1893
July 1, 1891
July 1, 1905-1906
Oct. 1, 1903.

do
do
At J.
do
do
At J.
A. At O.
City Treasury.
1883 to ’91
Various Galveston, City Treasury,
1893-1909
do
M. At S.
1920
New York or Galveston.
J. At D.
1902
J. At J. N. Y., Bank of New York.
1890-1906
Various Boston, Merchants’ Nat. Bk.
Jan. 1, 1891
Suffolk Bank, Boston.
J. At J.
F. At A. Merchants’ Bank, Boston.
Aug. 1,1884
Jan. 1, 1893
J. At J.
City Treasury,
Jan. 1, 1897
do
& J.
10 to 25 years
Town Treasury,
At J.
do
J. At J.
$10,000 yearly
do
Jan., 1900
J. At J.
1883 to 1889
Various
City Treasury,
Oct. 1, 1889
do
A. At O.
do
Jan. 1, 1900
J. At J.
do
A. At O
Jan.AtApr.l, 1894
Jan. 1, 1889 to’90
Jan.
City Treasury.
Jan. 1, 1897
N. Y., Winslow, L. At Co.
J. At J.
do
do
J. At J.
July 1, 1893
do
do
J. At J.
July 1, 1893
Julv 1, 1894
do
do
J. At J.
do
do
At J.
July 1, 1895
Jan. 1, 1899
do
do
At J.
At J. N. Y., Merch. Ex. N. Bank. Jan., 1889 to 1909
1899 to 1913
do
do
Various
Feb. 1, 1913
do
do
do
do
J. At J.
July 1, 1913
do
do
M. At N.
May, 1891
do
1892 to 1906
do
Various
do
June 8, 1900
do
J. At J.
do'
do
May 1, 1897
M. At N.
1889-1890
do
do
Various
’84-’85-’89Atl900
do
do
Various
do
do
J. At J.
Jan., ’98 to 1900
do
do
J. At J.
July, 1889
1889
do
do
Various
do
1905-1906
do
Various
June 1, 1886
do
do
J. At D.

6

6
4
10
8
5

6
5&6
6
6
6
6

4i2
6
6
4 to 7
6
6
7
6
6
7-3

“

73
7-3
7-3
7*3
6
7
5
7
7
7
7
7
7
7
7
7
7

558,000
153,150

1,000

Various

—Population, 160,146 in 1880; 92,829 in 1870

Evansville, Ind.—No floating debt.

*6*

125,000

Where

M. At N.
F. At A.

6

500.000

Total Bonded Debt
General.
Special.

153t

*6*

627,000
2,669,000
2,771,500

1,000
1,000

1884
500 Ace.
1862 to’75 5000Acc.
1874
1,000
1873-’75
500 Acc.

Funded debt
do
Water loan

6
5 g.
5 & 6
'4
5 & 6

200.000

1,000

Bonds.

Lawrence, Mass.—Sewer loan

3*8, 4, 6

550,000
200,000

1,000

1871-72
500 Acc.
1872 to’74
1,000

Morgan street dock

1882

100,000

..

Forty-year bonds
Improvement bonds
"do
do

Years.

100,000

300,000
300,000
105,000

1,000
1,000
1,000

loan

7
7
7
7
7 3-10
7
7
6
6
6

250,000
100,000
196,000

1,000
1,000

FVchbuvff. Mass.—City bonus
Water
do
do

545.500

1000Acc.

do
do
do
Water loan
do
do
do

-

62,000
1,772,000
673,000
202,000

Large.

”

City bonds
"do

7 Ac 4

175.000

100,000
100,000
280,000
45,000
600,000
450,000
100,000
261,860
500,000
450,000

When

Rate.

$228,000

8123381 881
Funded assessment bonds
Tax arrearage bonds
New Ac^ustment bonds

INTEREST.

Amount

or

par
value.

For explanations see notes on first page of tables.

Elizabeth,

[Vol. xxxix.

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.

Des Moines, Iowa—Renewed judgment
Funding bonds

SECURITIES.

’7’
512

'

Demand,

At*

Feb.l, 1909
A. N. Y., Merch. Ex. Nat. B’k.
1910-1911
do
do
Various
1890 Ac ’97-1898
New York, Kountze Bros,
1893 to’97
do
do
Lawrence or Boston.
J. At J.
1885 to 1892
Various
Boston, Tremont Bank,
do
J. At ,T.
do
July 1, 1894
Oct. 1,’90, to 1906
do
do
A. At O.
F.

6
5 At 6
7
8
4

6
6
6

,

Total debt, including water debt, $3,498,860.
1884.
48.961 in 1880; 26,766 in 1870. Valuations in 1883.

Population,
Real estate,

$26,152,300; personal, $26,152,300.

Fitchburg, Mass.—Sink, fund, Jan. 1, 1884, $146,522. Population

12,270 in 1880; 11,260 in 1870. Valuation, tax rate per $1,000, Acc.:
Real Estate. Pers’i Prop’ty. Tax.
Years.
Sink’g Fd.,Acc.
Debt.
1882

......

$7,484,625

$2,628,911

19 00*

$831,023

$158,449

114,506
7,672,655
2,719,979
16 40
800,000
1884
7,705,450
2,746,428
850,000
146,522
16 40
—The assessed valuation of real estate is about the cash value.
Galveston, Texas.—Assessed value of real aud personal property,
1881-82, $17,625,862.
Tax rate, $1 50 on $100; 1882-83, tax rate l^m.
In April, 1882, the Galveston Count}' 10 per cent bonds were called in
and 6 per cents issued instead. Population in 1870, 13,812; in 1880,
22,248: 1882, estimated, 32,000.

Hartford, Conn.—Total city debt, April 1, 1884, $2,837,000; net,
$2,032,224; net town debts, $1,271,188. As¬
$46,000,000. Population, 42,553 in 1880

after deducting resources,
sessed valuation in 1883,

37.743 in 1870.

Holyoke, Mass.—Bonds all coupon, but can be registered. Total net
Valuation. 1883. $14,337,250; tax rate, $14 40. Valu¬
$14 80. Population, 21,915 in

debt, $817,318.

ation in 1884, $15,527,995; tax rate.
1880: 10,733 in 1870.

Indianapolis.—The School Board is a distinct organizat’11 aud levies
own tax ($2 20 for 18S4), which is included in tax rates.
There
area few other small issues amounting to $50,000.
Valuation and tax
per $1,000 have been:
its

Years.
1881....
1882....
1883....
1884....

Real Estate.

Personalty.

Total.

$39,063,725
39,315.725

$12,837,492

$51,901,217
52,612,595

39,335,860
40,188,110

'

13,296,870
13,792,290
13,788,700

53,128.150
53,986,940

Tax.
10-70
11-20
11-20
12-20

—Population. 75,056 in 1880 48,244 in 1870.
Jersey City.—One of the main causes of embarrassm’t in Jersey City
is found in the failure to collect back assessments and in the immense
value of railroad property exempt from taxation.
Tot. t axes overdue Apr.30,’84 less deduct’nsdue State and Co.$3,553,595
Total assessments due and unpaid
2,934,342
Of which $5,000,000 was considered collectible.

11

SECURITIES

CITY

1884.]

October,

by giving immediate notice of any error

Subscribers will confer a great flavor

discovered in these Tableau

INTEREST.
Date of
Bonds.

DESCRIPTION.
For explanations see

Ltwxslon, Me

—

notes on first page of tables

City bonds ($50,000 each year).

City bonds
Bonds

improvement of streets
improvement of streets
Re-constructing street
Public buildings and institutions

02381

$50,000

......

185,000

Public school and school bouses
Sewer bonds
do
Elizabeth & P. Railroad
Wharf property
Jail bords
For old liabilities
do
do
Louisville. New Albany & St. L. Air
Road bed, Louisv., Cin. A I^ex. RR

Line RR.

City bonds navable by Louisv. A Nash. RR...
Old liabilities (half are 10-40 and half 20-40).
Lowell, Mass— City notes (various purposes) . .
Bridge notes
Bridge bonds
Sewer bonds
Water notes
Water bonds

Lynn, Mass— Water notes
Water bonds
Funded debt

City Hall and School House

Manchester, N. 11.—City bonds

City bonds

....

....

....

....

do

.

IVater bonds

1874
1872
1881
1867 to’68

($100,000 each year)
do

do

do

Bridge bonds

Memphis, Term.—School and pavin g bonds
Funding loan, gold
Mississippi River Railroad bonds.
Endorsement Memphis & Little Rock RR
Compromise bonds, coupon (Flippen)
New compromise bonds
Milwaukee, iris.-Re-adjustment bonds
General city bonds
do
do
(not liable to be called in)
Bridge bonds
Water bonds, coupon
do
registered
do

Minneapolis, Minn.—City bonds
City bonds........

1,281,000
198,000

1,500,000
600,000
650,000

123,000
81,000
423,000
1,863.000
255,000
133,000
485,000
350,000
1,408,000
1,000,000
524.300

2nd,000
120,000

375,000
575,000
1.300.000

121,500
5)86,200
595,000
313,000
85,000
80,000
70,000
200,000
400,000
60,000

.

100 Ac.
100 Ac.
100 Ac.

r

....

1870

1857
1,000
1877
1,000
1883
1,000
500 Ac.
1861
1871
1,000
1876
1,000
1882-’83
1,000
1872
1,000
1872
10,000
1883
1871 to ’79
1871 to’79
1881
1870 to ’80
1881-’82
1883-’84
1,000
500
1881
L870 to’81 100 Ac.

(?)

bonds

improvement bonds (local liens).
Aaueduct Board bonds
Sewer and

Bedford, Hass.—Bridge and city bonds

City improvement
Water bonds

bonds (10-20 bonds)

payable yearly)

New Or leans—Consolidated debt
Consolidated debt, extended
Ten year certificates to fund
Railroad debt
Seven per cent funding loan
Seven per cent funding loan

coupons

1875
1878-’80
1871-’79
'

1876-’78
1879 to ’83
1861-’74
1875
1876
1867 to ’76
1872-’74
1881
1871
1867
1877
1852 to ’6 4
1883

1,800,000
262,500
230,000
98,000
170,000

409,000
1,115,000
300,000

621,000
360,000
40,000
42,000
456,000

.

1883
1854-55
1869
1870

’57, ’67,’70

159.000
2,221.500

1,000
1,000

400.000

L000

190,000
50,000
499,000
60,000
150,000
2,229,000

....

10,000

1,000
1,000
1,000
1,000
1,000
1,000
....

2,071,000
1,865,815

1,000
....

....

....

I.
J.

7
6

1,417,400
1,510,000
500,000
400,000
1,200,000
2,450,000
3,240,000
888,000
872,000
35,000
223,000
100,0 )0

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

•

243.000
567.750

375,750

86,000

3-4

A J.
A J.
....

Charleston, S. C.
N. Y., Bank of New
New York.

York.

July. 1872
1907

1913

June 1, 1891
J. A D. Mil.AN.Y., Morton B. A Co.
Jan. 1, 1901
•do
do
J. A J.
June 1, 1896
do
do
J. A I).
do
do
J. A J.
July 1, 1902
Jan. 1, 1902
do
do
J. A J.
Jan. 1, 1902
do
do
J. A J.
do
do
1886-1900
Various New York. Nat. Park Bank.
1896-1902
do
do
Various
1899
do
do
Various
1835 A 1893
do
do
Various
1906-1912
do
do
Various
1913-1914
do
do
J. A J.
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1882 to’99
Various New Y'ork and Nashville.
1885 to’96
Various
Newark, City Treasury.
do
do
April, 1888, to’92
A. A O.
July 1, 1895
J. A J. Newark, Nat. State Bank.
1908 A 1910
do
do
Various
1886, -93 A 1909
do
/lo
M. A S.
1879 A 1892
do
do
Various
188G-’90
do
do
F. A A.
1891-’92
do
do
F. A A.
1884 to 1890
A. A O.
City Treasury.
1891 to 1910
do
A. A O.
1900 to 1904
A. A O.
1885 to 1909
A. A O.
1884 to 1909
A. A O.
1887 to 1891
A. A 0.
City Treasury.
Oct. 1. ’91A1901
A. A O.
City Treasury.
Oct. 1, ’82 to ’86
do
A. A 0.
do
July 2, 1887-’97
J. A J.
1892
New Orleans.
I. A J.
1922 A 1923
do
J. A J.
1893
do
J. A J.
1894 A 1922
do
Various
March 1, 1894
do
M. A S.
1895 A 1922
do
J. A D.
1887 to 1897
do
Various

5
7
7
4
7
7
4
8
7
6

5 A 10

4*2
4*2
3 to 5
6
6 A 7
7

7
5 A 6
7
7
7
5
6

6
5
6
4
7

6
5
6
6

6
6
7
7
8
l

of 1869
of 1870
City (debt assumed)

....

.

Tax arrearage bonds
do
do

do
do
Sewer bonds
New Haven, Conn.—Sewerage
For Derby Railroad ($20,000

....

J.
J.
J.
J.

•

.

..

Due.

Whom.

Payable

•

•

1,000

Payable and by

4

73,000
513,000

....

Nashville, Tenn— Various city bonds
Newark— War bds.,fioat’g debt, Ac. (s.fd. of ’64)
Public school bonds
Clinton Hill bonds, coup. A reg. (s. fd. 3 p. c.).
Corpora te bonds, coup, or reg.(act Apr. 21,’76)

Jefferson

200,000
474,000

Where

When

1888
A D City Treasury and Boston.
July 1, 1901
do
A J.
1894 A1899
do
A I)
do
July 1, ’93-1913
4
A J.
0ct.l,’97-1907-’17
A. A O.
do
5
1887, ’89, 97
6
N. Y., Bank of America.
Various
1886,’ 96, ’97
Louisville.
Various
6
1923
New York City.
4
J. A J.
July 1, 1903
N. Y., Bank of America.
J. A J.
7
1891, ’92 & 1903
do
do
7
Various
1884 to ’89
Various New York, U. S. Nat. Bank.
6
July, 1898
6
J. A J. Louisville, City Treasurer.
n
June, 1901
N. Y., Bank of America.
J. A D.
1888 A 1903
do
do
7
Various
1883 to 1898
Various Louisville and New York.
6
Oct. 1, 1898
do
do
A. A O.
6
1889
do
do
J. A D.
6
1894 A 1901
do
do
Various
7
Sept., 1891
N. Y., U. S. Nat. Bank.
M. A 8.
7
J. A J. N. Y., Continental Nat. Bk. July, 1901 A 1903
7
1886 to’93
Various Now York aud Louisville.
6
May 1, 1920
N. Y., Bank of America.
M. A N.
5
1883 to 1894
Various
4 to 7
City Treasury.
1891 and 1892
Boston.
M. A N
4
1892
do
M. A N.
4
1884 to 1903
do
Various
4
1886 to 1911
6 to 6*2 Various
City Treasury.
1890
Boston.
M. A N.
6
1885 to 1890
6
Various
City Treasury.
1891 to 1913
Boston, Bank Republic.
3*2.4,5, 6 J. A J.
do
do
1884t01896
5, 5*2, 6 V arious
1886 tolS90
Various CityTreas’ry A Bk. Repub.
37s. 6
1884-1894
6
J. A J.
City Treasury.
do
A. A 0.
April 1, 1884-’S5
6
M. A N.
Suffolk Bank, Boston.
May 1, 1893
6
do
do
I. A J.
July 1,1890 &’95
6
18S7-’92-’97-1902
6
J. A J.
City Treasury.
do
July l, 1911
J. A J.
4
1873 to 1902
r
t
.«r U
a
J
AV
1873 to 1900
Nov., 1900
M. A N.
6 g.
6
6

1867, ’8, ’P 500 Ac.

Post bonds

do
do
do
do
Mobile— Funding

„

Rate.

131.000

500 Ac.
....

For
For

Principal—When

Amount

outstanding.

$....

L857 to ’67
1,000
1866 to’67
1,000
500 Ac.
1883
1873
1,000
1871 to ’73
1,000
1853 to’69
1,000
1868
1,000
1871
1,000
1868 & ’73
1,000
1.000
’54,’62,3, 8
1869
1,000
1871 to’74
1,000
1868
1,000
1871
1,000
1871 to’73
1,000
1851 to’63
1,000
1880
1,000
1862 to’82 Large.
1882
Large.
1882
1,000
1882 & ’83
1,000
1871 to’81 Large.
1870
1,000
1870-’3-’5 Large.
Various
1,000
500 Ac.
Various
Various
1,000

Louisville, Ky.—Water works

City

or

par
Value.

....

1883

New bonds
Water bonds

New

Size

Tlie total debt of the city

January, 1884, wrs

$18,503,950; sinking

Population in 1880. 120,722, against 82,546 in
funds, $1,400,894.
1870. Taxable valuations and tax rate per $1,000 have been:
Real Estate.
Personal Prop.
Years.
Tax Rate.

cent of true value, tax rate per $1,000. Ac. were in 1882 : Real
$15,379,324 ; personal, $3,796,084; tax rate, $16 20 per $1,000.
lation, 32,630 in 1880; 23,536 in 1870.

estate,

Popu¬

Memphis, Tenn.—The city was in default for interest after Jan. 1,
$5,343,815
$28 00 1873. The Legislature passed a bill, January, 1879, repealing the city's
54,619,565
4,786,037
29 80 charter, and the “ Taxing District of Shelby County” was organized.
5,640,300
29 00 The compromise bonds of 1877 were issued at 50 cents on the dollar.
56,125,552
58,287,892
4,664,390
29 40 Under the act of Tenn. March 3,1883, new compromise bonds are issued,
bearing 3 per cent till January, 1884, then 4 per cent till 1887, and 6
Estimated tax rate in 1883-84, $32*80 per $1,000. V. 37, p. 667.
Kansas City, Mo. -In 1876 assessed valuation was $8,923,190, and per cent thereafter. (See details, V. 37, p. 202.) The total debt when
funded will be nearly $3,000,000. The assessed valuation of property is
tax levy 23 mills. In 1882. valuation, $24,316,020, and tax rate 17>2
about $15,0u0,000 aud tax rate $3 40 on the $100.
Population in 1870,
mills; 1883, valuation, $i6,755.315 and tax rate 16 mills.
40,226: in 1880, 33,592. (V. 36, p. 221, 366, 731, V. 37, p. 202 ; V. 38,
Lawrence, Mass.—Total debt, $1,764,000. Sinking fund, $170,553.
Tax valuation,
1882,
$26,269,506: tax rate, $16 60. In 1883, p. 60. 455, 509.)
Milwaukee, Wls.—The city cannot issue debt beyond 5 per ct. of its
valuation $26,932,560; in 1884, $27,261,661. Population, 39.151 in
average assessed value for five vears. Sink. fd. Jan., 1883, $150,000. In
1880; 28.921 in 1870.
1882 valuation was $62,271,935. Sinking funds are provided for all the
Lewiston. Me.—Total net debt, April 1,1883, $926,436; sink, fund
bonds, and all issues except the general bonds due 1896 may be oalled
$143,564. The railroad bonds were issued to build the Lewiston & Auburn in and paid by sinking fund; holders were misled because this was not
RR.. which is owned by the cities of those names.
Valuation in 1883, stated in the bonds. Population, 71,440 in 1870; in 1883 (estimated),
$10,679,926: tax rate, 2*a p. ct.; in 1884, valuation, $11,107,166 ; rate
130.000
(V. 38, p. 424.)
21 io. Population, 19,076 in 1880; 13,600 in 1870.
Minneapolis, Minn.—Total debt, $2,278,000; tax valuation, 1883,
Louisville.—The funded debt, Jan. 1, 1883, exclusive of loans paya¬
ble by railroads, was $8,342,000, against $8,759,000 Jan. 1, 1882. The $5 -<,901,812; tax rate, 22 mills; bonds all coupon; tax rate 1884, 16*5
mills. Population, 46,887 in 1880; 13,066 in. 1870.
sinking funds on Jan, 1,1883, amounted to $4,269,830. Population by
Mobile.—Interest was in default from July, 1873. A settlement with
census of 1870 was 100,753, against 123,758 in 1880.
The following bondholders
was offered by act of March 9, 1875.
In Feb., 1879, the
figures give the assessed property valuation: 1877, $68,522,947; 1878,
repealed the charter of the city. In Oct., 1880, bondholders
$63,194,487; 1879, $64,018,242; 1880, $66,209,440; 1881, $68,753,770; Legislature
offered to take new 25-year bonds, bearing 3 per cent for 5 years, 4 per
1882, $70,029,724, of which $52,269,684 was reality. Tax rate in 1882, cent for 15
years, aud 5 per cent for 5 years. In Doc., 1882, the unon real estate. $2 35.
(V. 36, p. 590; V. 38, p, 509.)
funded debt was estimated at $188,555.
Valuation of real and perLowell, Mass.—All the notes held by savings banks. Water loan sonal
property
in
1882,
$15,563,130;
rate,
tax
$6 per $1,000. Popular
sinking fund Oct. 1,1883, $387,259; other sinking funds, $165,667. Pop¬ tion,
31,297 in 1880; 32,034 in 1870.
ulation, 59,475 in 1880; 40,928 in 1870. Assessed valuations in 1883
Nashville, Tenn.—Assessed valuation of all property in 1881 was
were: Real estate, about $35,057,275; personal property, $14,895,526;
$12,179,450 real property and $3,070,125 personal: tax rate, $20 per
tax rate, $15 20; in 1382, valuation $46,414,412; tax rate, $15 60.
Population, 43,350 in 1880 ; 25,865 in 1870.
Lynn, Mass.—Total debt, Dec., 1883. $2,260,700; net debt, $1,614,- $1,000.
Newark.—The bonds in the first line in the table are payable out of
367. Valuation ’33, $24,687,524; rate, $19 60 The tempor’y loan due May
the sinking fund of 18G4, which amounted Dec. 31, 1883, to $1,630,807 ;
1,1884, is $160,000. Population, 28,233 in 1870; about 42,000 in 1882.
Manchester. N. H.—There are also $16,000 5s due before 1885. public school bonds out of public school fund. $442,431: Clinton Hill
Total debt Jan. 1, 1883, $027,500
Assessed valuations about 70 per bonds by sinking fuud $151,738; tax arrearage, $808,095; corporate




$54,122,875

,

CITY

12

SECURITIES.

[Vol. xxxix.
-51.

a

great favor by giving Immediate notice of any error discovered in these Tables,
Date of
Bonds.

DESCRIPTION.
For explanations see

notes on first page of tables.

.New Orleans— (Continued)—Street Impr. bonds.
Consol, gold bonds (gen’l and drainage series)
Ten per cent bonds, deficit and old claim
Premium bonds (in exchange)
Park bonds
7..
...

Newton, Mass.—City bonds and notes
Water loan ($600,000 6s)
New Torh— Accumulated debt bonds, city
Accumulated debt bonds, county

1871
1872
1871
1883
1867 to’75
1875-76-80
1869-’70

outstanding

$1,000

$20,000

1.000
Various.

1,000

l.OOO&c
1,000
100
100
500
500
soa
500
500
100
500

1869-’70

Armory bonds
Assessment bonds
Assessment fund bonds
Assessment fund stock
Additional new Croton Aqueduct stock
Croton water stock
Additional Croton water stock
Additional water stock, red’m’ble after 1913..
Croton water main stock
Croton Reservoir bonds
Central Park fund stock
do
do
Central Park improvement fund stock
do
*
do
Central Park commission improvement bonds

1879 to ’84
1879
1868 to’83
1872 to ’77
1847 to ’52
1871 to’83

do
do
(cons., $687,803 red.aft/96)
City impr. stock (cons, st’k), cp., exch.for reg.
City Lunatic Asylum stock
City parks improvement fund stock
Consolidated stock, county, coup., ex. for reg.
do
city,
do
.

dock bonds

<lo

do
do
do
do
do
do
do
do
do
do

do

city pks. impr. fd. st’k, do

red. aft. 1908,cp.,ex.for rg

city, coup., exch. for reg.
city, ( A)
county (A & B)
city (B & C)
city (D E & F)
city (G K L & M)
city
consol, st’k (Rikcr's Isl’d)
Department of Parks improvement bonds....

1879
1S70 to’83
1870 to’73
1869-’70
1879
Improvement bonds
1867 to ’60
Market stock
Museums of Art and Natural History stock... 1873 to ’81
N.Y.City bds. for const of bridge ov. Harlem R. 1879 to ’83
1874
N.Y.Citybds. for State sinking fund deficiency
1865 & ’66
New Aqueduct stock
N. Y. Bridge bouds
1869 to ’75
do
1876
do Consol, stock, redeem, after ’96
do
do $500,000 af.’96, $1.421,900 af.1900 1876 to ’80
do
do $750,000 af. 1903, $416,666 af. 1905 1880 to’83
1871
Ninth District Courthouse bonds
Normal school fund stock
1871 & ’72
N.Y. Co. Court.house st’ek. Nos. 1, 2, 3, 4 & 5. 1862 to’82
1870
New York County repairs to buildings stock.
1871
N. Y. and Westchester Co. improvement bonds
1871 to ’74
Public, school building fund stock
School House bonds. 7.
1874 & ’75
Sewer repair stock
1869 & ’70
Street improvement bonds
1864
Soldiers’bounty fund bonds
do
do
No. 3
1865
1865
Soldiers’ bounty fund red. bonds. No. 2
Tax relief bonds. No. 2, coup. exeb. for reg
1870
Third District Court-house bonds
1874 to ’77
1872
Water stock of 1870
Debt of annexed territy of Westchester Co ..

Dock bonds
Fire telegraph bonds
Fire Department stock

Norfolk, Fa.—Registered stoex
Coupon bonds ($20,000 6s are J. & J.)
Coupon bonds of 1881 (exempt)
Trust and paving, coup
Coupon bds, water (a inort. on water works.).

1870-’74
1881
1872-’73
1871
1877

Norwich, Conn—City bonds
Water loan ($50,000 1890, $250,000,1898)... ’68,’78,’80
Court House

Sinxing fund bouds
Funding i0-30s
Palerson^N. J.—School bonds

Funded debt bonds
Sewer b’ds ($125,000 are M.& S. & $16,000 5s)

1875
1878
1883
1859-’73
1862-’71
1869-’81

'

100
100
100
500

500
500
500
500
100

Personal

Real Estate.

$13,138,400
13,505,400
14,138,300

Property,
$13,137,519

13,609,922
13,974,587
15,180,305

15,109,300

18 00
17 50
16 v0

333,000
75,000
7,977,515
701,419
820,000
700,000

4,799,000
8,885.500
4,252,500
1,000.000
802.000

6,900,000

New Haven, Conn.—Municipal bond
made a special loan of $75,000 to the New

4

g.

7

6
5

597,586
521,953
500,000
296,000

6
6
5
6 & 7

958.000

4, 5 & 6

359,500

1,500,000
500,000

1,921,900
1,166.666
300,000

200,000
2,153,100
100,000
30,000
636,000
103,000
332,000
606,900

100
100
100
500

3,500,000

500

398,000
475,000

745,800
376,600

3,000.000
800.500

452,464
591,600
320,000
290,800
500,000
160,000
300,000

1,000
1,000
1,000
1,000

164,000
50,000

125,000
92,500
110,000
417,000

500

500
500

in

Trust
Funds.
$101,100

101,100
104,100

fund, $37,011. The city

drawings fake place January 31, April 15, July 31 and October 15. In
was $15,965,720; and floating debt,
$1,420,535; also judgments, $721,812, coupons not yet funded into
certificates, $500,000; Gaines judgment on appeal, $1,9°5.667; total
liabilities, $20,533,000. Uncollected back taxes, $1,850,494. Popu¬

March, 1884, the total bonded debt

in 1880, 216,090.

Newton, Mass.—There are also $25,000 Park bonds 4s, due 190?.




'

Jan. 1, 1923
1883 to 1895

4

5
7
6
6
6
5
4 & 5
7
6

July 1, 1905-’10
1,1884 t0’88

.

Nov.

Nov.l,1884^0 ’88
Aug. 15, '94 1904
Nov. 1,1884 to ’89
Nov. 1, 1884

1887, 1903&1910

Aug. 1, 1900

to

Feb.

1933
Nov. 1.1900-1906

®!
So

Aug. 1, 1907
Nov. 1, 1887

July 1, 1898
Aug. 1, 1887

June 1.1895
Nov. 1, 1884

mfm* **H

A

to

Aug. 1, 1888
Nov.1,1889 & ’92

N.

N.
N.
N.
N.
N.
J.
J.
J.
J.
N.
M. & N.
M. & N.
J. & D.
J. & D.
M. & N
M. & N.
M. <fc N.
M. & N
M. & N.
M. & N.
>1. & N.
M. & N
M. & N.
M. A N
M. & N.
M.
N.
M. & N

si

1900 <fc 1926
Nov. 1, 1896

Aug. 1, 1889

X o
o

•

•z

CO
ro

w

1, 1890

Nov.1,1891 & ’99

a

Q.-F.

3
180,000
5
1.210,000
9,778,000 3,4, 5,6.7

779,899
100,000

1911 & 1922

July 1, 1922
April 1, 1881

J. & J.
New Orleans.
Various
City
Treasury.
J. & J. Boston, Coinm’nwealth Bk
M. & N.
M. & N.
M. & N.
M. & N.
M. & N.
M. & N.
©
M. & N.

M. &
M. &
M. &
M. &
M. &
5, 6, & 7 M. &
6 g. J. &
6 g. J.
6 g> J. «fc
6 g- J. &
0 g. M. &

2,800,000

1,680.200
6.324,700
1,858,349

New Orleans.—fn June, 1882, a law was passed to issue new 6 per
cent 40-year bonds for all oldbonds other than premiums; the extended
bonds run till 1923 but are redeemable after 1895. Certificates were
issued for overdue coupons to Jan. 1, 1883, and though made for ten
years the certificates are payable at option
The assessed valuation of
property, real and personal, for 1882 was about.$103,177,249. A scheme
for settling the debt by a bond premium drawing plan is in practice, and

;

New Orleans.
New York or London.
New Orleans.

M. & N.

5. 6 & 7
5 & 6
6 g.
6 & 7

940,485

2,455,000

Haven & Derby RR , and
guaranteed $225,000 of its 2d mortgage bonds. Population in 1870,
50,840; in 1880, 62,882. Assessed valuations (about 80 per cent of true
value), tax rate, &c., have been
Personal
Rate of Tax
Total
Sinking
Debt.
Years. Real Estate.
Funds, etc.
Property.
per $1,000.
9
mills.
1880.. $34,797,569
$13,097,158
$854,000 $176,392
10
mills.
1881..
774,000
169,214
32,966,440
13,639,376
1883..
734.000
132,192
34,228,112
14,271,224

lation »n 1870. 191,41s

6
5'
7

6
6 &
7
7
5 &
4 &

1,564.000

ioo

1,084,000'
1,024,000

A. & O.

Principal—When
due.

by

A. & O.

3

i;766;600

100

Total Debt,
$1,000.
Bonds.
$15 70
$1,059,000

5

125,000

500
500
100
100

per

Q.-J.

5,196,000 4,5,6 & 7 M. & N.
6
20,000
Q.—F.
6
3,066,071
Q.—F.
5 & 6
674,300
Q.-F.
6
2,083,200
Q.—F.

ioo

Rate of Tax

F! & A.

Where payable and
whom.

3,277,050 4,5, 6&7
1,331,300
5,6&7
5 & 6
321,400
Q.-F.
4,760,040 3, 4,5,6,7 M. & N.

bonds, $167,987; street improvement and sewerage, $70,270, and
asssessments, $1,571,345. The Aqueduct bonds are not a direct lia¬
bility of the City of Newark. Real and personal property have been
assessed at near the true value as follows: 1831, real estate, $66,278,825; personal, $18,974,770; tax rate, $210 ; 1832, real estate, $67,463,555; personal, $17,989,370; tax rate, $2 44. Population m 1870,
105,059, against 136,508 in 1880.

Years.

payable

6 &7-3

700,000

500
500
500
500

New Bedford, Mass.—Population, 26,845 in 1880;
21,320
1870. Assessed valuations (true value), rate of tax, &c., have been:

Rate.

363,953 5, 6& 6ia
950,000
4, 5,6
7
6,500,000
7
6,000,000
3
500,000
7,641,900 3, 4 & 5

.

500
100
100
100
100
100
500
100
500
500
500
100
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
100
100
500
100
500
500

When

140,000 6&7 g.
10
183,100
5
8,107,860
6
126,000

140658203.781
City Cemetery stock
City improvement stock

•

1871 to’81
1866
1857 to’59
1856 to ’58
1857 to ’60
1865 to’71
1879
1869
1869 to’78
1876 to’80
1874
1869 to ’70
1871 to’80
1871 & ’72
1871 & ’72
1871
1872
1878
1874-’75
1872 to’74
1874
1874
1876-’77
1877 to ’83
1880

INTEREST.

Amount

Size or
par
Value.

1901-1904

July L, 1901
July 1, 1901
July 1, 1901
Jan. 1, 1902

■

Subscriber** will confer

Nov. 1, 1928
Nov. 1, 1896

©

Nov.

"■j ®

1, 1894

Dee. 1, 1896
Dee. 1, 1896

£ =3

May 1. 1916 &’26
Nov. 1,’89,’97,’93
©

o

Aug.. 1894

2

Nov. 1, 1910
Nov. I, 1884
Nov. 1,1901-1914
Nov. 1, 1884
Nov. 1, 1899
Nov. 1. 1884

3

©XJ

May 1,1894 &’97
May 1, 1903

a ?
~

Nov. 1. 1891

,3
eS

Q.-F.
M. & N.
M. & N.

^

Q.-F.

—

© to

& N.
fit *
& N.
& N.
& N.
4,5,6 & 7
& N.
6
a-0
<fc N
6
6
& N.
©
& N.
6
©
3
M*& N.
'
6
M. & N.
©
6
M. & N.
M. & N.
7
•
7
M. & N
M. & N.
7
M. & N.
5 & 6
M. & N.
6 A 7
7
Various
J. & J. Norfolk, Treasurer’s Oltiee.
6
do
6
do
J. & J.
do
do
5
A. & O.
do
do
A. & O.
8
8
M. & N. New York, Park N. Bank.
Norwich.
5
A. & O.
do
5, 6 & 7 Various
do
J. & J.
7
do
5
A. & O.
M.
M.
M.
M.
M.
M.
M.
M.

ga

O

-vH

-

-

.

May 1,1884-’88
Aug. 1, 1884
Nov. 1, 1905
May 1, 1926
Mav 1, 1926
May 1, 1928
Nov. 1, 1890
Nov. 1, 1891
Nov. 1, 1884-98
Nov. 1. 1884-’S8
Dec. 1, 1891
Nov. 1, 1891

1894

1,1885 &’86
Nov. 1, 1888
Nov. 1, 1884-’90
Nov. 1,1895-’97
Nov. 1, 1891
Nov. 1, 1890
Nov. 1, 1890

Nov.

Nov. 1, 1902

1884 to 2147
1381 to ’85

1894-1899, 1912
April 1, 1911
Apl.,’92; July, ’93
May, 1901
April 1, 1907
1898,1903 &1910
Jan. 1, 1905
April 1, 1908
1913

4
7

J.
J.

7

5,6.7

<fe D.
& D.

1 Various

Dec,, 1883-1904
Deo., 1883-1900
18S3-1902

City Hall, by Treasurer.
do
do

do
do

Sinking funds. Jan. 1.’84, $145,591. Tax valuation, ’81, $29,607,909;
’81, $14 00 per $1,000. Valuation in ’82, $29,409,328 ; tax rate,
$14 20. In 1883 valuation $27,121,083. In 1884 valuation.$30,544,238;
tax rate, $L5 4 ).
Population 16,994 in 1880; 12,825 in 1870.
New York City.—The total debt of New York, January 1, 4884. was
rate in

$130,680,571; the amount of sinking funds, $38,134,5 45. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named:
Description.
Jan. 1, 1882.
Jan. 1, 1883.
Jan. 1, 1884.
Total funded debt
$130, 474,337
$134,400,507
$430,630,571
Sinking fund
36,110,301
34,332,388
38,134,545
Net funded debt...
Revenue bonds

$98,290,206

$96,141,943

4,328,095

4,246,534

$92,546,026
2,933,883

$102,618,301
$100,388,482
$95,529,909
of New York, by the United States census, in 1870 was
942,292, and 1,206,299 in 1880. Since Jan. 1, 1S65, the valuation, rate
of taxation, and net funded debt at end of year, have been as follows:
Total debt
The population

.—Rate Tax p.

Years.
1865

1874t

Real
Estate.

$427,360,884

Personal
Estate.

$181,423,471

797,148,665
836,693,380
881,547,995
883,643,545

306,949,422
292,597,643
272*481,181
217,300,154

892,428,165
895,063,933

218,626,178
206,028,160

900,855,700

197,532,075
175,934,955
201,194,037

918,134,380
942,571,690
976,735,199
1,035,203,816

209,212,899

$l,000->
City.
$4 96 $24 94
State.
5
5
6
7
6
3
3
3
3
3

20
33
65
27
51
78
56
43
12
60
22
22

23
19
21
22
21
22
21
21
22
22

81
67
35
13
49
72
94
37
13
60

Net Debt.*
Dec. 31.

$35,973,597
95,467,154

107,'023,471
114,979,970
116,773,721
119,811,310
117,700,742

113,418,408
109,425,414
106,066,240
102,618.301
100,338.483
95,529,909

50
198,272,532
90
197,546,495
218,476,746
*
t Annexed towns included.
The reduction between the amount of taxation in the years 1874 and
1880 was about $3,400,000.
There was, however, no substantial roduc1832

1,079,130,669
1,119,761,597
Less sinking funds.

Subscribers will confer a great favor

13

SECURITIES.

CITY

October, 1831. J

by giving immediate notice of any error discovered in

these Tables.

INTEREST.

For

explanations see notes on first page of tables.

Paterson, N. J.—(Continued.)—

1863-’65

War bounty

bonds
Funding bonds, “A”
Renewal bonds, * ‘B” and “C”
do
for water works
for bridges
do
for park and Centennial
do
for war and bounty purposes
do
do
municipal, sobool, sewer, Ac
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)

1855
1855 to ’71
1859 to ’70
1868 to ’70
1862 to 65
1860 to ’70
1879

110,000
3,816,466

81,500
42,000
367,000

0322143881

Water loan

Water loan, reg
Funded debt and other municipal bonds

Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., Ac. (local assessment).
Bonds for overdue interest

1,405,000
787,000
627.500
416,000
1,200,000
1,015,500

....

Building loan bonds

Providence, R. I—Bonds for public improvem’ts

Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
registered
do

do

do

-

City Hall & sewer loan b’ds, sterling, cp. or reg
loan of 1879

do

improvement loan, registered

Springfield RR. bonds, guaranteed...

Brook Street District certificates
do
do
do
coupon
New High School Building certificates

325,000
600,000

1,000

1867
1855
1863
1872
1874
1876
1875
1879
1879
1872
1877
1879
1877 A ’79

lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
£100
1000Ac.

300,000
2,182,000

1,908,000
1,500,000
1,397,250
600,000

Large.

596,000

1,000
1,000
1,000

500,000
140,000
280,000
85.938

2,846,091

Richmond, Per.—Bonds, reg.,($l 18,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...

1,214,700
790,900

New fives

1872
1,000
Rochester, N. r.—To Genesee Valley Railroad ..
To Rocli. & State L. and R. N. A P. Railroads. 1872 to ’74 lOOOAc.
1872 to ’75 Various
For various city improvements
Water works loan, coupon
Funding- loan
Consol loan

and registered

Rockland, Me— Municipal bonds
Railroad loan ($20,000 payable yearly)

.„...

do
do

Notes and certificates of deposits
St. Louis—Renewal and floating debt bonds
Real estate, Diiildings and general purposes..
Street improvement bonds
Tower Grove Park bonds (gold)
8ewer bonds
Harbor and wharf bonds
Bonds to Pacific Railroad
New water work bonds (gold)
do
do
do
do
do
do

bds.,gold,$and £(partred’mable ’90)

gold

County bonds

8t.

100,000

436,200
154,000

111.500

124.300
(?)
1,688,000

1,104,000
60,000
346,000
1,108,000
641,000

1,000
Various

700,000

3,950,000

1,000
1,000

1,250,000

800.000

l‘,000

681,000
1,074,000
707,000

1,000

2,747.000
1,024,000
461,000

1,000
1,000

1873
1875
1874-’79
1880
1872

1,000
500

1867
1868
1872
1873 to ’76
1875
1875

gold

410,000

1,000

1871 to'73

Bridge approach bonds (gold)
8t. Louis County bonds assumedinsane Asylum
County Jail

3,182,000

Various
Various
Various

1846 to’71
1840 to’68
1855 to ’57
1868
Various
1852 to ’68
1865
1867 to ’70
1872

Renewal, Ac., bonds, gold. $ and &
Renewal, Ac., bonds,gold $ and &, coupon...

Renewal
Park bonds, coupon,

146,000

750,000
698,000

1873 to ’76 lOOOAc.
1875
1,000
1882
5.000
50 Ac.
100 Ac.
1869
100 Ac.
1871
100 Ac.
1872

Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling

General purposes,

1.000

1,000
1,000
1,000

1,900,000
500,000

1871
1881-82
1867 to’83

Bridge b mds
Minn.—Bonds

St. Paul,
Bonds

tioninthe expense of administcrimr

tion instate taxes was about equal to
590; V. 37, p. 23; V. 39, p. 49.)

Norfolk, Va.-The assessed valuations

1.000

and tax rate per $1,000 have
Personalty.
$1,163 498
1,310,861

Real Estate.

Years.

500

1,000

the City Government as redncr
reduction in tax levy. (V. 36, p*

been;

$8.SOI,392
9,354,765
9,590,431
9,776,197

—Population in 1870, 19,229 ; in 1880,

Tax Rate.

$19
20
20
20

1,363,403
1,722,492

21,966.

Norwich, Conn.—The assessed valuations, tax

rate, Ac., have

Personal

Rate of

been:

Real

Years.

$2,976,028
2,872,566

$7,438,097
7,382,834
7,302,364
7.392,767

'.

Tax.

Property.

Estate.

~ ~

2,762,931
2,658,058

—Sinking fund, Mav, 1883, $33,778; population, 21,145
653 in 1870.

are

8 mills.
10 “
10 “
9 “

in 1880; 16,

apparently in a sound condition.

The assessed valuations, tax rate per $1,000, Ac., have been
Real Estate.
Personalty. Tax Rate.
Years.
2*4
1879
$15,923,108
$3,246,501
24
1880...
16.398,608
3,544,517

Pay’ble

Whom.

J. A D.
J. A D.
Various
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.

City Hall, by Treasurer,

Dec., 1879-1900
June, 1887

do
do

do
do

1901-1905
1885

Philadelphia, by Treasurer.

do
do
> 1885 to 1903
do
do
1885 to 1905
do
J. A J.
do
J. A J.
1885 to 1905
do
J. A J.
1885 to 1904
do
1886 to 1898
Various N. Y., Mercantile Nat. Bk.
Mar. 1, 1902A’03
do
do
M. A N
1888-1901
do
do
Various
1889-1901
do
do
Various
New York.
J. A J.
July 1, 1888
1893 to ’98
A. A O
Pittsburg, Treasurer,
1908
do
do
J. A J.
1884 to 1912
Various Pittsburg, Phila. A N. Y.
1913
J. A J. New York, B’k of America.
1883 to ’86
Various
Philadelphia.
do
do
do
do
do
do
do
do

1914

5
6

M.A
J. A
J. A
M. A

Nov.,1886,’87,’88
July, 1887

July 1, 1897

Sept. 1, 1907

1883 to ’95
June 1, 1887

Sept., 1885
Jan., 1893

July, 1900
July, 1900
July 1, 1906
July 1, 1895
Juno 1,1899

July 1, ’99 A 1900
1892

Sept. 1, 1884

May 1. 1885-’86
*

1884-’89
J. A J.,

-

Feb. 1, 1893
1885 to 1902
Jan. 1,1903
Jan. 1, 1905

Aug. 1, 1912
1884 to 1911
1884 to 1899
1891
1902
On call.
1883 to’91
1883 to 1906
1886 A ’87

Aug., 1898

Is-

1887 to’95
1886 to’88
Feb. 1, 1885

June, 1887,*A 90

April 1, 1892
July 1, 1894
1891 to ’94
Nov. 1, 1893

May 1, 1895
1894 A 1899
Jan. A June, 1900
Dec. 10, 1892

J. N. Y., Nat. Bk. Commerce,
do
do
S.
do
do
D.
do
do
J.
do
do
O.
do
do
N.
N. Y.. Amer. Exch.Nat. Bk.

A
A
A
A
A. A
M. A

J.
M.
J.
J.

Debt.

$1,275,000
1.259.500

24

1,261,000

2-30
2-28

1.251.500
1.217.500

Real Estate.

Pcrsonaltv.

Tax Rate.

$535,805,744
545,608,579
554.624,115
573,728,105

$7,863,385

$19 50

8.795,700
9,884,578

19 00
18 50
18 50

1884-1914

1886A1004-1909
July 1914-’15
1885 to 1903

g

7
7
6 g.
7 A 6 g.
6 g*

July 1,1887
Sept. 1, 1888
June, 1892
1889 to 1896

April 1,1905
May 1, 1895

1891
1900 to 1912
1887 to 1913

Assessed valuations of property for 1884 are: Full city property,
$526,128,278; suburban property, $38,380,415; farm property, $19,1 -'3,990; all the personal being classified with the full city property.
Tax rate, $18 50. Population, 1870, 674,022, against 847,170 in 1880.

Peoria, Ill.—Total debt, $673,500 in 1884. Population,
1880; 22,849 in 1870; in 1883 (estimated), 40,000.

Pittsburg.—The assessed valuation in 1880 was:

$85,744,990; personal, only $2,516,540. Tax rate, 1880,
$1. No recent reports obtained. Population, 156,389 in
in 1870.
(V. 38, p. 80.)
Portland, Ule.

1883, were $133,846.

29,259 in

Real property,
20 4 mius per
1880; 86,076

The sinking fund and available assets March 31,
The city is protected by mortgages on Atlantic

A St. Lawrence and Portland A

Ogdensburg

railroads. Population in

1879, 35,010, against 31,413 in 1870, and 26,341 in 1860. Population
in 1880, 33,810; 1870, 31,413.
The assessed valuations, tax rate, Ac.,
have been:

Years.

..

Paterson, N. J.—Finances

Due.

Payable and by

891,800
6
941,100
4-5
16,400
80,069 6, 7 A 10
J. A J. N. Y., Nat. B’k Commerce.
10
223.300
4
Various N. Y. Am. Exch’ge Nat. Bk.
411,000
do
do
5
Various
454,000

’.

Various issues

7

Where

When

N. Boston, Blackstone N. B’k.
do
do
6
J.
do
do
6
J.
S
6
Boston, Case Nat. Bank.
Boston and Portland,
5 A 6
m’nthly
do
J. A D
6
Providence.
6
M. A 8.
do
J. A
5
5 A 6 g. J. A
Boston, Prov. and London.
5 A 6 g. J. A J. N. Y., N. City Bank, A Prov.
do
do
5 g. J. A J.
5 g. J. A J. London, Morton, Rose A Co
Providence,
4^ J. A D.
do
5
do
J. A J.
7
M. A S.
5
Treasury.
M. A N.
Boston and Providence.
4*2
do
do
Various
4!2
6
J. A J.
Richmond, Treasurer,
do
do
J. A J.
8
do
do
5
J. A J.
N. Y.. Union Trust Co.
J. A J.
7
F. A A. New York and Rochester,
7
do
do
7
Various
N. Y., Union Trust Co.
J. A J.
7
do
do
J. A J.
7
do
do
F. A A.
4
4 A 5
8emi-an
City Treasury.
Boston.
J. A J.
6
F A A.
6
Boston, 1st Nat. Bank.
M.A 8.
6
City' Treasury,
do
3-65 A 4
N.
Various
6
Y., Nat. Bank Republic
do
do
Various
6
do
do
Various
6
do
do
F. A A.
S.
do
do
6 g- Various
do
do
Various
F. A A. N. Y., Nat. B’k Commerce.
J. A D. New York and St. Louis.
A. A O. N. Y., Nat. B’k Commerce.
6 g. M. A N.
New York or London.
6 g. Various
do
do
6 g. M. A N.
do
do
6 g- M. A N.
do
do
6 g. J. A J.
do
do
5 g- Various
T. A D. N. Y., Nat. B’k Commerce
6 g.

100,000
500,000
600,000
850,000

1,0005
1,000

Joseph Mo.—Funding bonds

Funding b nds

180-324.

4.282.500
300,000
1,281,000
2.178.600
5,050,700

1868 to’74
1878
1845 to ’72
1863
1871 to ’73
1884

1,000
Fortland, Me— Loan to Atl.& St. LawrenceRR. ’68,’69,’70
1867 to ’69 500 Ac.
Loan to Portland & Rochester Railroad
Ac.
1872
500
do
do
do
1872
1,000
do
Portland A Ogdensburg
500 Ac.
1859-79
Municipal—proper

Renewal

5 A 6g.
7
7
6
6 A 7
4 A 5

100,000

Pittsburg—Water exten. loan (coup, or reg.)

.

4*2
7

83,000

do

Peoria A Rock Island Railroad

7
6
6

5 A 6
6
6
6
6
6
6
6
4
7

1,725,000
6,500,000
4.853.500
8.701.600
11,650,000
15,637,425
5,515,200
8,084,485

War loan

Prov. A

•

,

Peoria, Ills.—School loan

Public

Rate.

$353,000
100,000

100 Ac,
500
50 Ac.
50 Ac,
50 Ac.
50 Ac.
50 Ac.
50 &c.
50 Ac.
50 Ac.
25 Ac.

1877-’7S

Philadelphia—Bonds prior to consolidation ...
Bonds for railroad stock subsidy subscript’ns

outstanding.

$500

1877

Principal—When
ipa

Amount

Size or
par
Value.

Date of
Bonds.

DESCRIPTION.

..

..

*

Real
Estate.

$19,777,200
19,886,300
20,288,300
20,431,300

Personal

Property,

Rate of Tax
per $1,000.

$11,376,456
11,609,585

$25 50

12,354,455

21 50

12,598,720

These do not include the

23 50
20 60

Total

Sinking

Debt- Funds, Ac.*
$4,688,100
$92,356
40.161
4,620,500

4,545,500

4,371,000

51,869
133,846

sinking funds for railroad loans.

of Providence has been cre¬
City Hall and Brook Street
Improvement. The sinking fund for bonds doe in 1885 is $722,491; 1893,
$273,574; 1895 99, $467,387; 1899 1900, $72,654; 1900-6, $131,676;
—Population, 51,031 in 1880; 33,579 in 1870.
Street district, $13,615. Population, 1870,68,904; 1880, 104,857.
Philadelphia.—On Jan. 1,1884, the debt was $66,365,591 ; floating Broolc
The laws of Rhode Island now limit the debts of towns to 3 per ct. of their
debt, $689,356. In the following table the assessed value of real estate
16,935,278
17,746,040
18,506,048

is

near its cash value:
Years.




3,637,837
3,768,240
3,856,635

Providence, II. I.—The principal debt

ated since ’72 for

water works, sewerage, new

assessed valuation.

9,884,578

lid'* The last page of City Securities,

embracing the names of Salem♦
in (hi8

Muss., and all subsequent to that in alphabetical order, is omitted
is*ue of the Supplement, but will appear as usual hereafter.

14

RAILROAD

Subscribers will confer

a

Miles

explanation of column headings, Ac.,
on first page of tables.

see

note8

Ala. N. 0. Texas<6 Pacific June— 1st debentures
id debentures (for £500,OuO)
Ala. Qt. Soulh’n.—1st mortgage, coupon

Date
of
of
Road. Bonds

233

...

296
209

Albany ct Susquehanna—Stock
1st mortgage
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Consol, mort. (guar. D. AH. endorsed on bonds)..
Allegheny Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’n Extern,
guar, by Pa. RR

142
142
142

142
259
132
110
110
259
27

Funding income bonds, with traffic guarantee....
Amador Branch— 1st mortgage
Asheville d Spartanburg—1st mortgage
Ashtabula dt Pittsburg —1st mortgage, coup, orreg..
62
Atchison Col. ct Pacific—1st mort., guar
254
Atchison Jewell Co. ct Vest.—1st M., guar. C.B.U. P.
34
Atchison Topeka ct Santa Fe—Stock
1.820
1st mortgage, gold
470
Land grant
mortgage, gold
Consol, bonds, gold
....

Bonds, gold (secured by mortgage bonds)
purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Wichita
Southwest., 1st M.,gold
Kans. City Top. A W. 1st M., gold
Guar, rental.

or
Par

1882
ls83
1878

....

....

....

27

66
....

143

It also controls the Cincinnati New Orleans

-




The road forms

an

Where Payable, aud bj
Whom.
«

Stocks—Last

A. A O.

London.

April 1, 1907

6’
6
6 g.

1863
1865
1865
1876

1,000
1,000

1866
1870
1871
1874
1877

1,000
100,000
1,000
100 Ac.

9,389,500

1,000

675,000

1878
1879
1879

1,000
1,000
1,000

1,500,000
4,072,000
542,000
56,913,200
7,041,000
2,706,500
103,500
1,096,000
3,631,000
4,919.000
9,818,000
412,000
854,000

$1,000
100

....

When

Payable

$7,500,000
1,850,000
1,679,000
3,500,000
998,000
1,000.000
1,627,000
6,000,000
2,166,500
4,000,000
2,660,000
10,000,000

1,000
1,000
50

Bonds—Princi¬

pal, When Due.

Cent.

£20, Ac.

3*2
7

6
7
6 A 7

J.
J.
J.
M.
A.
A.

A

A
A
A
A
A

Dividend.

J. N.Y.,Farmers’ L. AT. Co
Jan. 1, 1908
J. N. Y., B’k of Commerce.
July 1, 1884
J. N.Y.,Del. A Hud.Can.Co
July, 1888
N.
do
do
Nov., 1895-’97
0.
do
do
Oct., 1885
O.
do
do
April 1, 1906

7*30 J. A J. N. Y., Winslow, L. A Co. March 1, 1896
5
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
7
A. A O. Philadelphia or Loudon April 1, 1910
7
A. A O. Pittsburg, Co.’s Office.
Oct. 1. 1894
6
J. A J. N. Y., Cent. Pacilic RR. Jan. 1, 1907

(0

100
500 Ac.
500 Ac.

....

1869
1870
....

....

1880
1830
1831
1872
1875
1878

1875

„

1,000
1,000
1,000
1,000
1,000
1,000

200.000

....

1,000

A Texas Pacific

Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as that
of the Alabama Great
Southern RR. Length of roads, 807 miles; add Ala. Gt. Southern RR., 295
miles; entire system. 1,162 miles: of which, on dan. 1, 1884, there re¬
mained to be finished about 50 miles. Road opened through from Cincin¬
nati to New Orleans Oct., 1883, anil to Shreveport, La July. 1884. The
preferred or “A” shares are £1,500,000, having a preference for 6 per
cent dividends
and
cumulative, and the deferred or “B” shares
£3,500,0o0; par value of all shares, £10 each. The first debentures are
redeemable any time at 115, on six months’ notice. The company holds
the following securities, viz.: Cin. N. O. A Texas Pac. $1,532,000 stock;
Vicksburg A Meridian, $245,000 1st mortgage. $105,000 2d mortgage,
$416,500 3d mortgage, $1,461,300 preferred stock and $363,000 com¬
mon stock; of Vicksburg Shreveport A Pacific $3,692,000 1st mortgage,
$1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern
$4,900,000 1st mort. aud $4,320,000 stock; N. O. Spanish Fort & L RR.
$300,000 1st mortgage aud $200,000 common stock. (V. 33, p. 177; V.
39, p. 63, 70.)
Alabama Great Southern.—(See Map Cinn. N. O. <£ T. P.)— From
Wauhatehie, Tenu., to Meridian, Miss., 290 miles; leased, Wauhateliie
to Chattanooga, 6 miles; total operated. 296 miles. The Alabama A
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore¬
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, aud is
controlled by an English company of the same title. The lands were
conveyed in full settlement to the holders of the $2,000,000 of Alabama
State bonds. These lands (about 550,000 acres) are held by trustees.
(V. 30. p. 117.)
Capital stock—common, $7,830,000, and preferred 6
per cent, $g.750,000. Gross earnings in 1883, $1,053,763; net, $306,033.
Gross in 1882, $363.418; net, $240,376. (V. 33, p. 331, 479, 763.)
Albauy Sc Susquehanna.—Road owned from Albany, N. f., to
Bingkamtou, N.Y., 142 miles; branches operatedDuanesburg Junction,
N. Y., to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21
miles; operates Lackawanna A Susquehanna RR., 22 miles; Ease Glenville to Coons, 10 miles ; total operated, 209 miles. Leased in perpetuity
from Feb.. 1870, to Delaware & Hudson Canal Co.; rental, 7 per cent
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The Pennsylvania coal fields,
by the joint use of the Jefferson RK., give a large coal traffic to the road
and to the other Delaware & Hudson leased roads north from Albany
to the Canada line.
The consolidated mortgage is for $10,000,000, of
which $3,000,000 are 7 per cents.
Gross earnings as reported to
State Engineer were in 1831-2, gross, $2,274,014; net, $353,844;
Btirplu8 to lessee over all payments, $85,032. In 1882-83, gross, $2,615,468 ; net, $985,256; surplus to lessee, $160,131.
(V. 36, p. 230, 535.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17
miles; total operated, 259 miles.
The company became embarrassed
in 1874 and compromised with its creditors.
It still falls short
of earning interest liabilities. The amount of income bonds authorized
Is $10,000,000; these receive all revenue left after interest on prior
lions, and any deficiency is made up by additional issues. Of the income
bonds the Pennsylvania RR., Northern Central and Philadelphia A Erie
hold $5,856,000, the interest on which is paid altogether in bond scrip ;
the bonds held by individuals are paid in cash and scrip convertible
into income bonds. In 1883 the charges for mortgage interest and car
trust payments
were $1,138,292;
income bonds, $625,135; total,
$1,763,427; deficit in net earnings, $876,654. The debt duo to Pennsyl¬
vania RR. is $3,902,815. In April, 1884, a receiver was appointed at
the instance of the Penn, and other railroa is as plaintiffs.
The annual report for 1833 was in V. 38, p 619. Earnings for three
years were as follows: 1881, gross. $2,169,786; net. $904,672; 1832,
gross, $2,353,6 >8; net, $836,60 >; 1883, gross, $2,255,942; net, $886,772. (V. 37, p. 375; V. 33, p. 423. 571. 619: V. 39. p. 21.)
Amador Branch.—Galt, Cal., to lone. Cal., 27 miles.
Leased till
Nov. 1, 1890, to Cent. Pacific; rental $3,500 per month. Stock, $675,000. Leland Stanford. President, San Francisco.
Asheville Sc Spartanburg.—From Spartanburg, 8. C., to Ashe¬
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation.
Formerly Spartanburg A Asheville; sold in foreclosure April. 1881, and
reorganized. Stock $1,050,090. In 1883 the mortgage for $500,000
was made to build the 18 miles to Asheville.
Controlled by Richmond &
Danville. Gross earnings in 1881-82, $39,721; net, $670; 1882*3, gross
$39,460: deficit, $777. (V. 37, p. 555; V. 39, p. 158.)
Ashtabula Sc Pittsburg.—Owns from Youngstown, O., to Ashta¬
bula Harbor, O., 62-6 miles.
Organized as Ashtabula Youngstown A
Pittsburg in 1870. Defaulted and property sold August 21. 1878.
Existing company organized Sept. 25, 1878, and it is leased by Penn.
Co., which pays not earnings to A. & P. There was due the Penna. Co.
Dec. 31, 1883, $75,983 for construction account. The common stock is
$958,591 and preferred $700,000; par of shares, $50. Gross earnings
til 1382, $343,185; net, $112,293.
Gross in 1883, $447,037; net,
$163,403; interest, $9 >,009. See annual report, V. 38. p. 503.
Atchimon Colorado Sc Pacific.—VVaterville, Kan., to Lenora,
Kan., 193 miles; Greonleaf, Kan., to Washington, Kan., 7 miles; Downs,
Kan., to Bull City. Kan., 24 miles; Yuma, Kan., to Warwick. 31 miles ;
total. 254 miles.

[VOL. XXXIX.

Rate per

Outstanding

,

■

Amount

Value.

Alabama N. O. Texas Sc Pacific Junction (Limited).—(See
Map Cinn. N. <) ct T. P. — L’his is an English Co. controlling the Vicksburg
A Meridian, 142 miles; Vicksburg Shreveport A Pacific, 189 miles; N. O.
A North Eastern, 200 miles; and Spanish Fort R’y, near New Orleans, 13
miles.

BONDS.

INTEREST OR DIVIDENDS.

Size,

1830

8. F. bonds for

do
do
income bds.
Pueblo & Ark. Valley, 1st M.,gold

AND

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

STOCKS

extension of the Union Pacific Cen¬

1,633,000

F. A A.

6
6
6

lh;
7
7
7
5
5

g.
gg.

g.

4^2
6
7 g.
7 g.
7
7 g.

Phil., Fid. I.T. AS.D.Oo.

Q.-F. N.Y., Un. Pac.RR.Office
Q.-F. N.Y.,Uu.Pac. RR oifice.
Boston, at Office.
Q.-F.

J.
A.
A.
A.
M.
A.
J.
J.
J.
M.
J.

A J. Boston, North Nat. Bk.
A O.
do
do
A O.
do
do
A O. Boston, Boston Nat.B’k.
A S.
do
do
A O. Bost. Safe Dep. A Tr. Co.
A D.
Boston.
A J. Boston, North Nat. Bk.
do
A J.
do
do
A S.
do
A J. Bost., N. Bk. of N. Am’a

Aug. 1, 1908
Mayl, 1905
May 1, 1905
Nov. 15, 1884

July, 1899
Mar. 1, 1900
1903

April 1, 1909
Sept. 1, 1920
Oct. 1, 1920
Dec.
1, 1911
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905

tral Branch,

by which the bonds are guaranteed and the road Is con¬
trolled, and the whole system is virtually owued by Union Pacific, but
operated by Mo. Pac. Stock, $1,526,800. Rental for 1883, $253,500.
Atchison JTewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
Kan., 34 miles. Under same auspices and control as Atchison Colorado
A Pacific. Stock, $202,400, of which Union Pacific owns $105,000. Ren¬
tal for 1833, $33,875.
Atchison Topeka Sc Santa Fe.—(See Map.)— Line of Road.Main Line—Atchison to Kans. State line, 471 miles. Owned jointly with
Union Pao.—Branch to Manhattan, 57 m., and branch to Leavenworth,

46 miles. Leased—Various branch roads in So. Kansas and to Pleasant
Hill, Mo., 468 miles; Kan. State L. to S. Pueblo, Col., 149 miles;
Pueblo to Rockvale, Col., 37 miles; La Junta to N. Mex. State Line, 96

miles; Colorado St. L. to San Marcial, N. M., 354 miles; Lamy to Santa
Fe, 18 miles; San Marcial to Dealing, N. M.. 128 miles: Rincon to Texas
line, 58 miles; coal roads, 15 miles; Las Vegas Hot Springs road, 6
miles; Texas line to El Paso, 20 miles; total leased, 1,319 miles. Total

operated directly, 1,320 miles. The road owned jointly with the Union
Pac., 103 miles; the Kan. C. Law. A So. Kan., 398 miles, controlled; and
the Sonora system, 350 miles, controlled—are not embraced in the miles

operated.

The total mileage controlled is 2,621iuiles.

Organization, Leases, Ac.—1The A. T. A S. Fe. Co. was Incorporated
March 3, 1863, and includes the Atchison A Topeka RR., incorporated
Feb. 11. 1859. The land grant was received by Act of Kansas Feb. 9,
1864.
The main lino of 471 miles was opened Dec. 23, 1872.
The
whole system outside of the main line is nominally under different cor¬
porations, of which the ownership is vested in the A. T. AS. F., and the
roads also leased to that Co. and interest on the bonds
rental. The Kansas C. Law. A So. Kan. and the Sonora

usually paid as
systems are not
leased, but are controlled by ownership of tiie stock. The A. T. A S. Fe
Co. has issued its own slock and bonds to purchase the stocks and bonds
of
leased and auxiliary companies, and the balance sheet shows
$46,839,550 so invested; besides $4,2 74,000 bonds owned, against which
Atchison Topeka A Santa Fe securities have not been issued. The fiscal
year ends Dec. 31. The election of directors is held in April.
An agreement was

made in Feb., 1880, with the St. L. A San Fran, for

the

joint construction of aline to the Pacific, under name of Atlantic A
Pacific, and in Sept., 188 4, an agreement was made for the control of the
Mojave Division of the Southern Pacific and a right for traffic over the

Southern Pacific to San Francisco.
Stock and Bonds—The stock has been increased rapidly to present
figures for the acquisition of the auxiliary lines and by way of stock
dividends. Dividends have been—in 1379,3 per cent; in 1880, 8*2 ; in
1881,6 cash and 50 stock; in 1882, 6; in 1883, 6. The range in prices
of stock in Boston was—in 1881, 92>3>15414; in 1882, 78783>9618; in
1883, 7-<12/2>857e; in 1884, to Oct. 17, 591e^80.
The land grant bonds receive the proceeds of land sales in payment of
interest and principal, and bonds arc paid off accordingly. The A. T. A
S. F. bonds have in several cases been issued to build the leased lines,
and the mortgage bonds of those lines are deposited with trustees as
security. The 4*2 per cent bonds, due Oct., 1920, have the 6 per cent
mortgage bonds of the Rio Gr. Mex. A Pac. and the Rio Gr. A El Paso
roads as security, the sinking fund being lig per cent per annum rising
to 3 *2 per cent by 1910.
The 6 per cent bonds, dno Dec. 1,1911, have as
security 1st mort. bonds of the following roads: Elk A Chatauqua RR.
7s, N. Mex. A Arizona RR. 6s, Man. Alma A B irliugaine 6s. Marion A
McPherson 6s, Silver City Doming A Pac. 6s; Kaus. City A Olathe; Kan9.
C. A Emporia; N. Mex.; Kan 80.; and 2d mort. bonds—N. Mex. A So. Pac.
6s, Marion A MoP. 6s; Wichita A Southw.; they are redeemable at 105 by
the sinking fund, which is 1 per cent per annum for 10 years and 2 per
cent thereafter. The 5 per cent bonds, due April l, 1909, are secured
by the N. Mex. A So. Pae. 1st mort. 7s. The 5 per ct. bonds, due Sept. 1,
1920, are secured by the K. City Top. A West. 1st mort. bonds and stock.
On other bonds the interest is paid as rental. Such bonds as are held in
the company’s treasury, or leased line bonds held as collateral for any
of its own bonds given above, are not included in the above amounts
outstanding. The Sonora RR. in Mexico (262 miles) 1st inortg. bonds are
guaranteed. The Leav. Top. A Southw. RR. bonds at 4 per cent are guar¬
anteed one-balf by the At. Top.A S. Fe and one-halfby the Union Pacific.
Land Grant—The lands are in Kansas grante l by Act of Congress
March 3, 1863, and Kansas, Feb. 9, 1864.
Land sales in 1833. 431,755
acres for $1,538,211. being an average of $3 56 per acre; Assets De¬
cember 31, 1883, $1,390,773 contracts and 1,247,741 acres yet unsold.
Operations, Finances, Ac.—The A. T. A S. F. has been one of the
most successful of roads built into new territory, wlmre a monopoly of
business has produced large net earnings.
The connection with the
Atlantic A Paoific took effect for business in Oct., 1883, and the through
line to San Francisco Oct. 1. 1884. and the results from those, as also
from the connection with Mexican Central at El Paso, opened through to
Mexico City in March, 1834, remain to be seen.
The report for 18.33 in the Chronicle, V. 33, p.453. said: “ In view of
the increased tonnage and decreased rates of 1833, the largo reduction
made in operating expenses requires a passing word. The rate of oper¬
ating expenses to earnings in 1883 was 47*80 per cent; iu 1882 was
53*46 per cent, and in 1381 was 63*87. The ratio during the ten years
from 1874 to 1883 inclusive was 54*17 per cent. The whole system of
operating aud construction accounts in these years was uniform, except
that in 1833 steel rail account was charged to operating instead of con¬
struction account, as in previous years. The marked decrease made in

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16

RAILROAD

Subscribers will confer

a

AND

BONDS.

|Tol. XXXIX.

great favor by giving immediate notice of any error discovered In tbese Tables*

DESCRIPTION.
For

STOCKS

explanation of column headings, &c.,
on first page of tables.

Date Size, or
of
par
Road. Bonds Value.

note8

see

INTEREST OR

Miles
of

Amount

Outstanding

Rate per

When

Cent.

Pay’ble

DIVIDENDS.

Bonds—Princi

pal,When Due

Where

Payable, and by
Whom.

Slo ck8—Last

Dividend.

-

-

Atch. Top. &S.Fe—(Continued.)—
Pueblo & Ark. Val., 1st (A 2d on 148 m.)..
Kansas City Emporia & 8., 1st mort
Cow. Sum. A Ft. Scott, 1st mort
Marion A McPherson, 1st mort
Pleasant Hill & De Soto, 1st M., gold
Florence El Dorado A W., 1st mort., gold

134

o>

....

S c3
c3
u 3 ’

.

....

.

r

....

*

p
o

44
31
50
295
262
269
265 Lj
2G5h?

.

Leavenworth Topeka & S. W.—1st mort., hi guar
N. Mexico A So. Pac.—1st M., gold, guar, rental.
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta (6 Charlotte.—Stock (guar. 5 p. ct. by rental)
New

pref. mort
Mortgage bonds
Income bonds, registered (not cumulative)

«...

.

Atlanta & West Point—StocR
Debenture certificates
Atlantic (£ Pac. —1st mort. g.,W. D.(s.f.) $25,000 p.m.
Income bds., non-cum’tive, ($18,750p.m.).
1st RR. A land grant bonds on Central Division.

87
560

......

1st laud grant bonds on Central Division..
New 1st mort., road and lauds, Central Div

....

99

1878
1879
1879
1879
1877
1877
1882
1878
1880

$1,000

$1,942,000
532,000

1,000

798,000
713,000
120,000
310,000

7 g.
7
7
7
7 g.
7 g.

1,000

1,000

1,000
1,000
500

....

1877
1877
1880

690.000

4

1,000

4,425,000

n

1.000
100

4.050,000

1,700,000
500,000

1,000
1,000

65

.

.

500
100

1880
1880
1871

l.ooo&c

1882
1882

1,000Ac

Augusta <£• Savannah.—Stock
Austin <£ Northwestern (Tex.)—1st mort

Bald Eagle Valley—Gen’l mort.,(8. f. $4,000 per yr.

iso

is 04

150
53
60
80

1871

1,232,200
13,128,000
8,2^2,000

50 Ac.
500 &e.

1,189,905
796,629
312.OuO

50 Ac.
£100

78,000

5,484,000
787,000
1,499,916
712,932
733,700

£100
£100
100

....

4

6
3
6
6 g.
6
6
6
6
6
3
6
6 g.
6 g.

1,232,200

issi

isi

7
r*

4,250,000
750,000

......

New income bonds, Central Division
Atlantic <£• St. Lawrence—Stock ($5,458,552 sig.)
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
do
3d
do
do

g7 g.
2 hi

3*2
6
6

420,000

isso

1,000

3o8.000

J. A J. Boston, Nat.Bk.of N.Am
J. A J. Boston, North Nat. Bk.
A. A O.
do
*
do
A. A 0.
do
do
A. A 0. Boston, Everett N. Bk.
A. A O. Boston, Bk. of No. Am.

July 1, 1905
July 1, 1909
Oct. 1, 1909
Oct. 1, 1909
1907

July 1, 1907

A. AO. Boston, Everett Nat'Bk. April 1,1909
J. A J.
Boston.
1910
M. A S. N.Y. Central Trust Co. Sept. 6, 1884
A. A 0.
do
do
April 1,1897
J. A J.
do
do
Jan. 1, 1907
A.- A O.
do
do
April 1, 1900
J. A J. Atlanta, Ga., atTreas’y. July 15, 1884
J. A J.
do
do
1891
J. A J. New York and Boston. July 1, 1910
A. A O.
Oct. 1, 1910
M. A N.
New York.
Nov. 1, 1891
do
At Mat.
Nov., 1901
iM. A S.
do
March 1, 1922
J. A D.
June 1, 1922
M. A S. London, Gr. Truuk Rw. Mar. 15,1884
M. A N.
Nov. 2,' 1888
A. A 0. London, Gr. Trunk Rw.
Oct. 1, 1884
M. A N.
do
do
May 1, 1891
J. A D.
Savannah.
Juue 4, 1884
N.Y.. Mercantile Tr.Go.
J. A J. Phila.,F.Ius.Tr. AS. Dep. Jan. 1, 1910

I

nearly every class of expenses is due mainly to two causes: 1. A more
compact, and, therefore, more economical organization for the operation
of the road, under which nearly every class of expenses for conducting
traffic was reduced. This was rendered possible from the fact that the
construction of extensions had been practically completed. 2. The large
expenditures upon the property in the years 1831 and 1882, the causes
for which were fully explained in the annual report for the year 1881,
pages

5, 6 and 7, whereby the property was placed in excellent condi¬

tion, rendered it possible, as was indicated in that report, to adopt for
1883 a fair average expenditure for repairs and renewals of roadway,
bridges, buildings, cars and locomotives.”
*
*
*

“
The year has b >en a prosperous one. The road has been fully main¬
tained at low cost and improvements made in many important particu¬
lars. Additional steps of substantial character have been taken towards
strengthening aud advancing the lino, as one of the important Western
railroad
systems. * Nearly two millions of dollars have been spent in the
construction of new branch lines and over a million and a half of dollars
in substantial improvements upon the old roads. These and other re¬
sults have been accomplished without materially increasing the obliga¬
tions of the company.”
*
*
*
“
The Atlantic & Pacific Railroad was completed to the Needles in Oc¬
tober. A connection was then and there made with the Southern Pacific
Railroad. This route between the East and San Francisco had, at the
close of the year, been opened for three months. Thus far, it has not
that proportion
secured
of
traffic which its merits demand,
and which it will eventually obtain. The Mexican Central Railway,
another important conxection of this line, was nearly completed to the
City of Mexico at the close of the year; and, at the time of writing this

report, through connections have been established between that city aud

the United S ates, promising an important addition to our through ti attic.”
The gross earnings of the Atchison Topeka A Saute Fe aud Southern
Kan. systems for eight months from Jan. 1 to Sept. 1, ’84, were $10,339,-

773, against $10,147,010 in 1883, and net, $4,039,700, against $5,361,045 in 1883.
A summary

icle, V. 38, p.

of the annual report for 1883 was published in the Chron¬
453. Income, etc., for four years were as follows :
ROAD AND

1880.

Total miles

operated.

1,539

EQUIPMENT.
1881.

l,7s9

1882.

1883.

1,820

1,820

OPERATIONS AND FISCAL RESULTS.

OperationsPass’gers carried, No.

1880.
1881.
1882.
1883.
381,322
501.863
790,014
72 >,926
53,3S5,7n7 81,274,171 108,048,350 106,029,301
Rate p. pass. p. mile.
2*921 cts.
3*347 cts.
3 *6 >5 cts.
3*390 ets.
Freight (tons> moved
953,701
1,166,483
1,475,149
1,754,385
Freight car. one mile.267,355,044 390,410,8»-3 460,00^,539 520,751,467
Rate per ton per mile.
2*288 cts.
1*992 cts.
2 431 cts.
2*283 ets.
Earnings—
$
$
$
$
Passenger
1.786.901
2,970,608
3,662,576
3,097,121
Freight
6,493,981
9,051,623 10,537,201 10,374.012
Mail, express, &C....
270.094
562,278
573,528
646,214
Tot. gross earnings.
8,556,976 12,584,509 14,773,305 14,117.347
Operating Expenses—
$
$
$
$
Maint. of way,&o
1,450,172
3,434,930
3,240,372
1,959,312
Maint. of equipment.
547,629
950,985
1,357,613
1,015,713
Trans, expenses
1,931,294
3,043,850
3,475.901. 3,209,381
Miscellaneous
203,146
370,076
278,245
213,82*.'
Taxes
242,046
263,485
319,988'
310,595
Total oper’g expen’s
4,374,287
8,063,326
8,662,756
6,748,216
Net earnings
4,182,689
4,521,183
6,110,549
7,369,131
P. e. of op. ex. to tax.
63*87
58*46
47*80
50*75
Pass, carr’d

one

mile.

...

.

INCOME ACCOUNT.

1880.

Receipts—
Net earnings
Rentals, divid’ds, Ac.
Sundry credits
From U. S., Ac
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rateofdivid nd..

1881.

$
4,182,689

$
4,521,183

120,148

229,837

-

1882.

1883.

$

6,110,549
2 >4.095
20,781

$

7,369,131
261,623
147,191

*611.295

4,302,837

.

4,751,020

$

*

864.273
734,‘>27

774,740

1,727,195

1,841.021

8^2

Sinking funds

866,663
6

132,030

Transf. to inc acc’t..
Transf. to ins. fund..
Tr. to ren. & imp. ac’t

7,777.948

1,122,346
3,324,793

l,34a,71l
3,414,567

6

170,525
486,334

$
888,830

6

193,003
250,000
500,000
423,2<»2

Amts.pd. toother rds.
Reduc. val mat’s, Ac.
Miscellaneous

7,006,720
$
824.a59

35,125

4,494

200,000
37,500

Tot. disbursements.
3,361,120
3.61,8.943, 5,928 857
7,255,813
Balance, surplus
1,077.863
941,717
1,132,072
522,135
Suspended U. S. Government aud pool earnings for 1880 and 1881
not previously credited to income account.
—(V. 37. p. 22. 127, 266. 375, 639 : V. 38, p. 29, 86, 202, 293, 398, 423,
441, 447> 453, 479, 508, 551, 678, 705; V. 39, n. 32, 47, 96, 141, 157,
*

245, 263. 4U8.»




Atlanta Sc Charlotte Air I*ine.--(£et! Map Rick. <& Dane.)— Owns
from Charlotte, N. C., to Atlanta, Ga., 269 miles. The Richm. & Atlanta
Air-Line was sold under foreclosure Dec. 5, 1876, and the existing

corporation

was

formed February 27, 1877.

Ou March 26, 1881,

rue

road was leased to the Richmond A Danville at a rental of $162,000
per year, equal to the interest on debt and 5 per cent on stock; if
gross earnings of A. A C. A. L. exceed $1,5 >0,000, dividends to be 6
per cent; and if they exceed $2,500,000, 7 per cent.
Gross earnings in

1882-83, $1,074,016; net, $397,174; rental, $166,500; loss to R. A D.
$69,325. IV. 37, p. 48, 555.)
Atlanta Sc

West Point.—Owns

from East Point, Ga., to West

Point, Ga.. 81 miles; leased, 6*3 miles; total operated, 87hi miles, [n
April, 1881, a controlling interest in the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates. Gross earn’sin 1881-82, $430,010; net,
$175,494; in 1882-83, gross, $406 192; net, $154,810. (V. 37, p. 127.)
Atlantic

Sc Pacific. — This corporation was chartered by Act
Congress July 27, 1866. The Western division is from Isleta) near
Albuquerque; on Atchison Top. A Santa Fe, to Big Colorado River, 560
miles, where it meets the Southern Pacific. Opened for traffic Oct.,
1883. Also the Central Divison finished from Seneca, Mo., to Red Fork
in the Indian territory, 102 miles, and is projected westward to a junc¬
of

tion with the Western Division.
The Atcli. Topeka A Santa Fe

and the Sr. Louis & San Francisco
companies guaranteed 25 per cent of the gross earnings over their
respective lines on business to and from this road, one year after its
completion, provided its own earnings were insufficient to paj' coupons,
and the advances so made constituted a loan to be repaid by the A. A P.
with interest.
The stock authorized is $100,000,000, and issued $51,510,309 (par $100), mostly owned ny the Atcli. Top. & Santa Fe and the
St. Louis A San Francises) companies equally, and he’ll in trust for
those two companies,
hi hme, 1883, a syndicate took $10,000,099 at
15, with an option on $1 0,090,0:>0 more at 20. The stock is classed
thus: Western Diw, com stock, $31,750,000; Cent, and Mo. divs., com.
stock, $ ^,360,300, pref., $11,400,0 >0. The old pref. stock lias no pref¬
erence over the A. A P. West. Div. stock. See statement in V. 36. p. 588.)
The Southern Pacific built east to meet this road at the Colorado River,
and in August, 1SP4, the sale of that 242 miles of road from Mojave, on
the Southern Pacific, to The Needles, on the Colorado River, was reported
as made to the A. A P. Company for about $7,000°.0 (0, the terms of pay¬
ment not stated.
The same negotiation gave a right by contract to nin
through trains to San Francisco over the Southern and Central Pacific
lines on payment of rental eiilier on a mileage basis or at 3 per cent per
annum on $40,000 per mile.
(This as reported ) See V. 39, p. 208.
The land grant claimed under the old Atlantic A Pacific charter
of July, 1866, is 25,600 acres per mile in Territories ami 12,800
acres
in States.
The total land grant on the whole road, if con¬
structed as under the charter, would be 42,000,000 acres. The pro¬
ceeds of sales of the company’s lauds are to be lodged with the trustee
under the mortgage, and are applicable to the purchase and cancella¬
tion of the first mortgage bonds whenever they can be obtained by
public advertisement at not exceeding 110 and interest. The bonds
are not subject, otherwise, to be drawn or paid before maturity.
They
are receivable at par in payment for lands.
A map of the laud grant
was published in the Chronicle, V. 36, p. 468.
The fiscal year ends December 31.
The annual report for 1382
was published at some length in the Chronicle, V. 36, p. 58S, hut no
renort for 1883 was issued.
The Centr.il Division is at present operated by the St. Louis A San
Francisco Railway Co. s
The financial plan of Jan. 9,1832. provided for a new mortgage upon
the entire property of the Central Division, not exceeding $25,000 per
mile of road.
Interest upon these bonds was guaranteed by a traffic con¬
tract with the St. Louis A San Francisco Railway Co. and the Atchison

Topeka A Santa Fe RR. Co.

These new bonds were to be used as
follows:
1st.—To retire tlie outstanding issue of old bonds of the Central
Division, by exchange or purchase. 2d.—To provide means for the con¬
struction of the Central Division from Vinita, Indian Territory, west¬
ward.. Ninety-nine miles of this division having been completed, the
$2,475,000 of these bonds.
H. C. Nutt. President, Boston; E. F. Win¬
slow, Vice-President, New York; C. S. Tuekerman, Secretary aud Treas¬
urer, Boston.
(V. 37, p. 22, 151, 343, 423 ; V. 38, p. 29, 455, 594 ; V.
39, jl 21, 70, 127, 208, 263, 349, 381.)

company is entitled to issue
Officers of the company:

Atlantic Sc St. Lawrence.—Owns from Portland, Me., to Island
Poml, Vt. (and branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5, 1853, at a rental
equal to bond interest and 6 percent on stock. The bonds to city of
Portland are now provided for hy accumiuu’ations of sinking fund.
Gross oarninars in 1881-82, $957,659 : net, $119,843.
Gross in 1882-83,
$1,017,284; net, $156,072
Augusta Sc Savannaln—Owns from Millen to Augusta, Ga., 53 m.
Leased to Central of Ga. for
3,000 per annum. Has no bouded debt.
Austin Sc Northwestern.—Line of road, Austin, Tex., to Burnet,
Tex. 60 miles. Opened Jan. I, 1382.
Has a land grant of 600,000
acres.
Stock, $600,000. J. A. Rkomberg, President, was appointed
receiver Oct., 1883. (V. 37, p. 423.
Bald Ea«rle Valley.—Owns from Vail Station, Pa., to Lockhaven,
Pa.. 51 miles; branch, Milesburg, Pa., to Bellefonte. Pa., 2 ^ miles ;

RAILROAD

October, 1884.J

STOCKS

AND

BONDS.

17
&

Subscribers will confer

a

great favor by giving immediate notice of
any error discovered in these Tables.

DESCRIPTION.
For

explanation of column headings, Ac.,
on first page of tables.

see notes

Miles

Date

of

of

Road. Bonds

Bxltimore <& Ohio—Stock
Preferred stock
Loan due in 1880, extended

1,650

....

....

....

....

Loan, 1853
1870 .sterling, £800.000, sink, fund
Baltimore loan, 1855-90, sink, fund
Sterling mortgage, sinking fund

....

....

411
421

Sterling mortgage, sinking fund

Purchase of Connellsv. RR

(payable $40,000 y’ly)
Loan,ster.,(s.f.£7,500) (B.O. A Ch.bds collat’l)
Bonds (Parkersburg Branch bonds collateral)....
Northwestern Virginia, 3d mortgage, 1855-85
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Baltimore <t Potomac— 1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
...

2d mortgage, income, road and tunnel, reg
Belleville <£ El Dorado— Is t (int. guar. St.L.A.AT. H.)
2d mortgage
Belleville<& South. Ill— 1stM. (int. A s.f. guar.)
Bells Oap.— 1st mortgage
Extension 1st mortgage
Consol, mort. (for $550,000)
Belvidere Del—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. Sc A.)
3d mortgage bonds of 1857 (
do
do
)
Consol, mortgagepf 1876

Bennington dk Rutland—1st mortgage

Ber kshire—*3tock
Boston <£ Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Bonds issued to State for its stock

....

263
104
....

....

....

l'fl
89
90
52
52
56

-

....

....

64
64
64
67
59
22
374
....

....

1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
1883
1871
1871
1875
1880
1880
1866
1873
1875
18^3
1877
1854
1857
1876
1877

Value.

INTEREST OR DIVIDENDS.

Amount

Outstanding

Rate per

When

Cent.

Payable

$100 $14,792,566
100
5,000,000

5
3

579.500

4

1,710,000
2.272,588

6

2,575,000

6 g-

....

....

....

....

187-3209.

£100
£200
....

6 g.

8,590,436
680,000

6 g.

7,48 4.000

1,000

3,000,000
140,000

....

....

36G.000

£200

1,000
1,000
1,000
....

....

....

....

11,616,000
1,500,000
3,000,000
2,000,000
220,000
330,000

1,000

1,053.000
250,000

100,000

20

1,000
500
500

6 g.

7,668,901

£200

*

000

1,000,000
499,500
745,000

6
5 g.
6
6
6

4^ g.
6 g6 g.

6
7
6
8
7
6
6
6
6
6

1,000

1,200.000

rj

1,000

475,000

7

100
100

600,000
20,000.000

1,000

5,000,000
2,000,000
3,858,000

....

....

1872
1875
1882

or

Par

....

....

do

Size,

1,000
....

M. A
J. &
J. Sc
A. &
M. A
J. A
M. A
M. A
J. A
J. &
A. &
J. A
J. A
A. A
J. A
A. A
J. A
J. A
F. A
A. A
J. A
F. A

N.
J.
J.

0.
S.
J.
S.
N.
J.
D.
0.
J.
J.
O.
J.
O.
J.
J.
A.
O.
J
A.

Where

liotula—A'ilUCl*
pal.When Due.

Payable, and by
Whom.

Baltimore. Office.
do
do
do

Stocks— Last
Dividend.
Nov.

do
do
do

1. 1884

July, 1884
At will.
1885
1895

Lond’n.BaringBros ACo
Baltimore, Olfice.
1890
London,,! 8. Morgan ACo Mch. 1, 190?
London, i.S. Morgan ACo
1910
Baltimore, Office.
1884-1900
Lon..J. S. Morgan A Co. June 1, 1927
Balt. A N.Y..D. M ACo. April 1, 1919
Balt., Balt. AO. RR. Co.
1885
do
do
July 1, 1888
London, Brown,S. ACo. April 1, 1933
London or New York.
July 1, 1911
Phila
Penna. RR. Co. April 1, 1911
,

Balrimore.

Jan.

N. Y. St. L A.AT. H. RR.
do
do
N.Y.St. L A. AT.H. RR.
Phil.C ’assat.t.Town.ACo.

do

1.

Oct.

1, 1890

July 1, 1893
Aug. 1, 1905
Aril'll 1

J.

A D.

M. A S.

Philadelphia, Pa. RR.
do

i

13*

1Q11

1902

do

F. A A.
do
do
J. A J. Treasurer, Trenton.N.J.
M. A N.
N.Y., Union Trust Co.

1915

July, 1, 1910
Aug. 1, 1920

1885
1887
Jan.
Nov.

1, 1916
1, 1897

Q.-J. Stockbridge, Treasurer. July 1, 1884
Bosiou, Office.
Q. -J.
Sept. 30, 1884

2
7
6

F. A A.
J. A J.
A. A O.

5

do
do
do

Feb.
!

1, 1892

July 1. 1895
April 1, 1902

Snowshoe to Sugar Camp, 26^ miles; total operated. SO miles. Opened the other
divisions, fo»* the last fiscal year, as compared with 1881-82,
December 7, 1864, and leased to Pennsylvania Railroad
Company tor 99 were as follows
The branch is the property of the lessors. Rental, 40 per cent
years.
—Earnings. 1881-82—. —Earnings, 1882-83.—,
of gross earnings, and in 1883 was $194,520; paid interest,
$23, i87, and
Gross.
Net.
Gross.
Net,
dividends (9 per cent), $85,005. In Jan., 1884, 5 per cent paid. Stock Main
Stem, Ac
$10,556,570 $4,572,944 $11,579,839 $5,432,183
is $850,050 (par $50), and dividends are paid according to
earnings.
Washington Branch...
354,356
221,254
346,505
222,247
Baltimore Sc Obio.—Line of Road—The B. & O. system embraces Parkersburg Branch
624,665
108,071
738,527
260,061
numeious rosids in Md., Va., Pa. & Ohio, which could
Central
Ohio
Division.
987,402
only be clearly
314,932
1,103,838
387,788
shown in the Supplement by a map.
By means of the Marietta A Cin¬ Lake Erie Division
940,769
23 4,701
999,12.9
291,781
cinnati, via Parkersburg, the ro id lias a direct route to Cincinnati. Chicago Division
1,692,007
446,407
1,878,167
573,503
The B. A O. mileage is; Balt, to Wheeling (main) 379 miles; Branches— Pittsburg Division
2,979,789 1,542,125
2,813.172
1,478,274
To Locust Point 5, Camden cut-off 1. Junction to Frederick
Wheeling
Pittsb.
B..
&
City 3, Point
59,380
1,150
72,090
32,020
of Rocks to Washington 43, Curtis Bay Branch. 5 miles,
Washington, Pa., Pittsburg Southern'...
43,787
8,450
to Pittsburg, Pa. (narrow guage), 38 miles, Bridges 3; total
Newark
S.
S.
&
RR
188,937
owned, 478;
13,078
164,781
19,511
branches leased—Hyattsville to Shepherd,
Md., 13, Winchester to
Harper’s Ferry 32, Winchester to Strasburg 19, Strasburg to Harri¬
Total
$18,383,875 $7,454,662 $19,739,837 $8,705,823
*
From November 1, 1882.
sonburg 50; total branches leased, 114; total B. AO. rnaiu and branches
553: leased, controlled and
The aggregate
operated—Relay House to Washington 31,
working expenses of the Main Stem, with all branches
Grafton to Parkersb’g, W. Va., 104, Wheeling to
Washington, Pa., 32, and divisions, were 55*89 per cent of the whole gross revenue, against
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point 59*44 per cent the preceding year. Results of operating all lines owned
to Johnstown 46, Weavert’n to Hagerstown, M<1., 2 4,
Harrisonburg to and controlled for the five years 1878-83 :
Staunton 26, Broadford to Mt. Pleasant, Pa., 10, Conuellsville to UnionYears.
Gross Earnings.
Operating Expenses.
Net Earnings.
town, Pa., 14. Bellaire to Columbus, O., 137,
$14,193,980
$7,091,595=54*18 p. 0.
Newark,
O.,
Sandusky
to
$0,502,385
116. Pittsburg So. RR., 53, Newark, O., to Shawnee, O., 44,
1
8,317,740
Chicago Junc¬
10,330,770=56*39 “
7.980,970
tion, O., to Illinois Junction, Ill., 263; total leased, &c., 1,059; total
18,463,877
11,390,479=01*69 “
7,073,398
operated, 1,650 miles. Tin- B. A O. is constructing a lateral road from
18.383,875
10,929,213=59*44 “
7,454,662
near Baltimore northward to be known as the
19,739.837
Philadelphia branch. It
11,03 4,014=55*89 “
8,705,823
will connect with the Balt. A Phila. Railroad now
being
the State of Delaware, by way of Wilmingtou, and so on to

built through
Philadelphia.
Organization, Leases, Ac.—The corporation was chartered in Maryland Feb. 28, 1827. and in Virginia March 8, 1827. First section
opened
May 24, 1830. The company was as-isted by loans from the City of
Baltimore. The relations with the auxiliary brauohes and leased
roads
are complex, but tin? B. A O
virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and
guarantees are
moderate. In 1883 the stocks and bonds of allied
companies held were
$24,430,522 (of which $8,833,920 weie held by trustees). Tlie company
has been exceptional in not increasing its own stock or
bonds for new
properties acquired, and had a nominal siiiplus to credit of income
account Sept. 30, 1883, of $45,763,479. Fiscal
year ends Sept. 30.
Stocks and Bonds—The pref. stock carries 6 per cent dividends
only.
The common stock has paid-in 1877, 8
per cem; in 1878, 8 in stock ;Tn
1879, 4 stock and 4 cash ; 1880,9; 1881,10; 1882, 10; 1883, 10. The
mice of stock in Baltimore in 1881 was
183@210; in 1882, 1933202;
ifl 1883, 192L>^205; in 1884 to Oct. 17,
174199.
The Baltimore A Ohio direct bouds of
1879 on
Parkersburg
Branch are secured by deposit of
mortgago on that road. The sterling
mortgage of 1883 is made to William F. Burn*. Johu Gregg and T. Har¬
rison Garrett, trustees. The bonds of
1877, due 19 j7, are secured by
the mortgage bonds of the B. O. A Chic, road
deposited as collateral.
Operations, Finances, Ac.—The fiscal year ends with Sept. 30, and
for 1882-83 an abstract of the
report was given in the Chronicle, Vol.
37, page 593. The reports do not contain a condensed statement show¬
ing the earnings of all the lines on freight, passenger and other busi¬
ness separately.
The income account of the B. & O. RR. Co. showed a
balance of $1,855,821 for the year 1882-83, after
paying all charges and
10 pi r cent dividends on its
stock, which balance added to that of
prior years made the total surplus account $45,703,479. The income
account tor the year ending Sept. 30, 1883, was as follows:
Net earnings from transportation
$5,432,183
Recei ts from other sources—
Dividend of 10 p. c. for year on Wash. Br. stock...
$102,800
House rents received during fiscal vear
21,009
Increment from sinking fund, W. C. A P. L. RR
5,865— 129,674
Available

revenue

$5,561,857

Payments—

Dividends lOperoent

$1,478,375
Interest and taxes
$3,043,257
Less cash ree’pts A net
earn'gs of B. Sc
O.AC.RR andL ErieaudCO.divs... 1,895,593—1,147,602
Ground rents.
Reutal of Winchester A Potomac RR.
Do
Winchester & Strasburg RR
Do
Do

Strasburg & Harrisonb.RR.
W.City APt. Lookout RR..
Straitsville Division, loss

Balance, credited

to

37,751

$27,000
5,229
89,2.30
3o,0u0—

(

23,922—3,706,016

profit and loss

752,256; 1875, 872,101; 1876, 1,093,-

1,047,645; l-s78; 1.149,499; 1879,1,425,629; l88O.jl,980,-

1881,2,014,110; 1882,2,043,227;

ihe gross and net
earnings of the




1883. 2 ’O',,325.
main stem and its branch"

..

...

-(V. 37, p. 510, 576, 593, 639; V. 38, p. 114; V. 39, p. 209.)
Baltimore

Sc Potomac.—Owns from Baltimore. Md., to
Bowie,
Md., 24 miles; Bowie to Pope’s Creek, 49 miles; branch—Bowie t«
Washington, D. C., 17 miles; total operated, 90 miles,
including
tunnel in City of Baltimore.
The road is controlled by* the Pennsyl¬
vania Railroad Co., and first
mortgage bonds guaranteed by Peuusylvania and Northern Central. Capital stock,
$3,553,250, Gross earnings^
in 1883, $1,156,449; net, $347,128; profit over interest,
Ac., $73,282.
In 1882 gross earnings, $1,097,008;
profit. $33,833. Income bonds
wholly held by Penn. RR. Co.

and of

,

Belleville Sc El Dorado.—An extension of Belleville A 8o. Illinois
from Du Quoin to El Dorado, 5*2 miles, and leased to St. L. Alton Sc
Terre
Haute. Reutal 30 per cent of gross earnings up to $2,500
per mile, and
15 per cent on all above that amount. Rental received for
1882,

$22,206; 1883, $15,678.

Stock, $1,000,000.
Belleville Sc Southern Illinois.—Owns from Belleville, Ill., to
Duquoiu, 111., 50 miles. It was leased Oct. 1,1800, to the St. Louis Alton Sc
Terre Haute Railroad Co.
Lease reutal 40 per cent of gross
earnings
up to $7,000 per mile (except on coal, Ac.), 30 per oent above $7,000 and
up to $14,000 per mile, and 20 per cent on any exoess of $14,000 per mile.
Rental for 1881, $146 602; for 1882, $167,990; for
1883, $107,719. In¬
terest on b mds, and sinking fund $5,000 per year, guaranteed
by lessees.
Common stock. $430,000; pref. 8 per cent stock,
$1,275,000, nou-curnulative. Dividends on preferred stock past three yearn have
been—6H
May, 1883; 5^ in 188*2; 4^ in 1881.
Bells Gap . Bells Mil s, Pa., toCoalpoit,
24 miles. Gross earn¬
ings in 18 s3, $110,255 ; net, $53,370; other feceipts. $40 080; interest
paid. $25,550; surplus, $67,900. Jan., 1883. scrip dividend of 15 per
cent was declared on stock ($350,000).
Of the consol, mort. $350,000
is reserved to retire prior issues.
Stock was increased in 1883 to
$550/ 0 •• Charles F. Borwind, President, Philadelphia.
Belvidere Delaware.—Owns from Trenton, N. J., to Manunka
ChunR, N. J., 67 miles; Millham Cut-off, 1 mile, Flemiugtou RR., 12
miles; total operated, 80 miles. Leased to United Companies, and trans¬
ferred to Pennsylvania RR. March 7, 1876, by which operated
as their
Belvidere Division, and net earnings paid over as rental; hut the
first,
second and third bonds are guaranteed.
1883 net earnings were
$568,259, and interest payments $268,950.
In 1882, net $506,455;
interest, $203,022. Capital stock, $993,950.
Bennington Sc Rutland.—Owns from Rutland to Bennington,
Vt., 57 miles; branoh. No. Bennington to New York State Line, 2 miles:
total. 59 miles.
Chartered as West. Vermont in 1845, and consolidated
in Harlem Extension in 1870. Since Sept. 10, 1877, the Vermont division
(as above) operated by the re-organized Bennington A Rutland. Stook
$1,000,000 authorized (par $50), and $502,000 issueL aud bonds $475,000.
In 1883 gross earnings $*235,916; not $43,593; in
4882, gross
$222,963; net, $74,453. *2 per cent dividend paid Dec., 1883.

Berkshire.—Owns

157,479

$1.855,S41
An abstract of the last annual
report is given in the Chronicle, Vol.
37, p. 593, and retains the following remarks:
“T e coal trade of
"Hows an aggregate of 2,581,557 tons, which includes
*09,6 >9 tons fur the oompauy’s
supply
Of this quautity that trans¬
ported for the public, delivered in
Baltimore, is 1,051,821 tons, and
that delivered at local and
Western points, 517,0»1 tons.”
Ihe tonnage of
through merchandise East and West was as follows in
each of the
past ten years : 1874,

SJS
18*7,
M7;

v

from

Connecticut

State

Line to

West Stock-

bridge, Mass., *22 miles. Leased in perpetuity to Housatonic Railroad
Company at 7 per et. on capital stock, $600,000. Lessors pay taxes, Ac.,
and for this reason the quarterly dividend duo iu Oct. is
usually omitted.
Boston Sc Albany.—Owns from Boston, Mass., to
Albany, N. Y.,
202 miles; Spring held to. Athol, 49 miles ; numerous brauehes, 52 miles
;
leased lines, 74 miles; total operated, 374 miles. The Boston &
Albany was formed (Dec., 1867) bv the consolidation of the Boston

A Worcester and the Western railroads.
The five per cent
were issued to the State of Massachusetts in
exchange for
of B. Sc A. stock held by the State, and in
September,

bouds of 1882
24,115 shares
1S83, a stock divi¬

dend of 10 per cent was made to stockholders. In 1881 aud 188*2 the
loss in net receipts was partly owing to the lieroe competition oetween
the trunk linos, which reduced the rates on through traffic. Last
annual
report in V. 37, p. 478. Results of operations tor four vears as follows:

t-

1

RAILROAD

18
Subscribers will confer a

great favor by

DESCRIPTION.

giving immediate notice

Miles
of

Date

Size, or

of

Par

Amount

of any error discovered in

first page

on

headings, &c., see notes

of tables.

Road. Bonds

Rate per
Cent.

Outstanding

Value.

these Tables.—Princi¬
Bonus

DIVIDENDS.
pal.When Due.
Stocks—Last
Where Payable, and by

INTEREST OR

1188790--202.3 1188709--20323..4
34
explanation of column

For

[VOL. XXXiX

STOCKS AMD BONDS

When

Dividend.

Whom.

Payable

C

Boston Barre d Gardner.—1st mortgage
2d mortgage
3d mortgage (convertible into stock)
Boston Concord & Montreal—Old preferred
Com. and new pf. stock (newpf. stock is

_

1881

stock...

$540,400)
Sinking fund bonds
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds

Bosl.Uoosac Tun.d West.—Debenture
Boston d Lowell—Stock

bonds

registered

pref. (guaranteed)

registered

Brooklyn Elevated

($1,100,000 is pref.) ..
South Side, 1st mortgage
New mort. ($1,000,000), guar, by L. I. RR., gold.

Brooklyn d Montauk—Stock

Years.

*

Miles.

Passenger
Mileage.

_

186,300
57,300
800,000
1,000,000

_

ioo

100
100 &c.
200 &c.

624,000

c’

500 &c.
100

1880

1,000

Freight (ton)
Mdeage.

113,154.374 375,452,804
373 135,421,102 417,108,612
369 151,255,032 374,317,338

369 157,255,971 373,535,456
Net receipts include income from rents,

54
82
54
85

1867
1881

500,000

390,000

500,000
(?)

1,000

100
500 &c.

Gross
Net
Div.
Receipts. Receipts.* p. ct.
$7,741,118 $2,492,618 8
7,875.285 2,186,873 8
7,790,372 2,189,381 8
8,539,875 2,380,971 8
&e.

Hoffman’s Ferry (10 miles west of * Schenectady)

reported as sold to the N. Y. West Shore;& Buffalo for $400,000
cash aud $700,000 stook of the N. Y. W. S. & B.
In July, 1881, the
State of Massachusetts purohased a clear title to the Troy & Greenfield
were

done under contract by the Continental
Construction & Improvement Co. (120 Broadway. New York), aud a cir¬
cular dated Aug. 4, 1883, issued by that company, after referring to the
was

contained
the following:
corporation as consoli¬
dated under articles of agreement dated April 19, '80, known as the Bos.
Hoosac Tun.
W. Ry. Co. A now contract has been made by which the
Construction Co. agrees to complete the railroad to a junction with the
New York West Shore & Buffalo Railway, at Rotterdam, N. Y., a pointabout 221* miles southwest of Mechanicsville. N. Y.; aud in partial set¬
tlement of indebtedness due aud recognized by the decree, the Construc¬
tion Company become possessed of $2,<XM,u0b debenture bonds of said
Boston Hoosac Tunnel & Western Railway Co. and $6,000,000 stock as
represented by trustees’ certificates. It is also proposed to exchange the
stock of this company upon whioh 85 per cent has been paid for full
paid certificates of such stock upon the basis of 85 shares full paid stock
for 100 shares upon which 85 per cent, has been paid. This exchange is
not compulsory.
The Construction Co. offers for sale to its stockholders
who have paid up 85 per cent, the $2,000,uo0 5 per cent debenture bonds
of the Boston Hoosac Tunnel & Western Railway Co. and $4,000,0 >0
stock represented by oertiRentes of trustees; aud the terms of sale are
follows: Each stockholder of record on August 10 is entitled to sub¬
scribe upon every 50 shares held, to a block consisting of $1,000 5 per
past history of the company aud its litigation,
The decision affirms tuo validity and legality of the

as

at a fixed price of $t»5o for such
redeemable at will prior to maturity
bonds if any are hereafter issued.
with the Troy <fe Boston road took
place in regard to traffic wuich have not been made public. The direc¬
tors and officers of the company 1^84-85 arc as follows:
Daniel B
Hatch, Win. II. Hoi ister, John P. Kennedy, Rudolph Keppler. Augustus
Kountze, David James King, Cyrus J. Lawren-e, Robert B. Minturn.
Henry L. Morrill, Robert M. Morse, Jr.. James O. Sheldon, Francis 8 uith,
Chas. F. Tag; Officers—Augustus Kountze, President; John P. Kennedy.
Vice-President.
For year ending Sept’ 30. 1883, gross earuiugs were
$368,235; deficit. $20,687.
For six months ending June 30, 1884,
gross earnings were $206,346; net, $1,215. (V. 37. p. 151, 615 ; V. 38,

cent debenture bond and $2,000 stock,
block. The debenture bonds arc
and may be converted into mortgage
In Sept., 1884, some negotiations

p.

229, 620.)

Boston Sc Lowell.—Owns from
Salem <fc Lowell, 17 miles; Lowell

Boston to Lowell, 27 m.; branches—
& Lawrence, 12 miles; others, 19

leased—Nashua <fc Lowell,
15 miles; Peter¬
total operated, 140
railroads were pur¬
central in 1883,
which cauuot be paid oil
formerly doue between the Bos¬

miles; Middlesex Ceuti aud branch, 12 miles;
15 miles; Stony Brook RR., 13 miles; Wilton RR.,
borough Railroad, 10 miles; total leased, 65 miles;
miles." The Lowell & Lawrence and dalem & Lowell
chased and consolidated in 1879, and the Middlesex
the Boston & Lowell assuming their bonds,
before maturity.




A ) >int business was

6 g.

Lowell and the

&
&
•&
&
&
&
&
&
&
&
&
&

&
&
&
&
&

k
<fc
&

1889
Boston, Office.
J.
1893
do
do
O.
1911
do
do
J.
1913
N. Y., Kountze Bros.
8.
July 2, 1884
Boston, at Office.
J.
do
April 1, 1892
do
0.
March 1,1895
do
do •
S.
July 1, 1896
do
do
J.
July 1. 1899
do
do
J.
1903
do
do
N.
Oct.
1, 1897
do
do
O.
Oct. 1, 1898
do
do
0.
May 15, 1884
Boston, at Office.
N.
Jan.,1893 & 94
do
do
J.
O. N.Y., N.Y. N. H & H. Co. Nov. 1. 1884
1905
do
do
A.
May 1, 1884
Boston, at Office.
N.
do
do
July 1, 1893
J.
D. N. Y., Marine Nat. Bk. June 1, 1932
Jan. 1, 1932
New York.
J.

M.’&'S.

*7*

750,000

ton &

for four years

RR for $300,000.
The work of construction

2,000,000
250,000

1,000

145, 478 ; V, 38, p.

rights west of

6
6
4
7
2
5
4
7
6
6

500.000

March 31. The earnings, expenses and available
have been as follows:
Miles.
Avail.Rev
Years.
Gross Eam’gs. Expenses.
L
$586,172
167
$797,556
$211,383
167
902,906
669,157
233,745
167
920,195
697,651
222,544
186
940,491
675.936
264,555
-(V. 36, p. 560, 622, 675; V. 38, p. 202, 678, 705, 731.)
Boston Hoosac Tunnel Sc Western.—Owns from Massachu
setts State Line to Rotterdam (junction of N. Y. West Shore & Buffalo
RR.), N. Y., 60 miles, and leases branches to Saratoga and to ScliuylerThe road connects with the line
ville. N.Y., 26 miles; total, 86 miles.
running through the Hoosac Tunnel.
In March, 1883, all property
ana

41*

4,000,000

Fiscal year ends

revenue

7
7
6
5

2,970,000

1,000

J.
A.
J.
M.
J.
A.
M.
J.
J.
M.
A.
A.
M.
J.
A.
F.
M.
J.
J.
J.

2^2

3,500,000

301, 595; V. 39. p. 182.)
Boston Barre Sc Gardner.—Owns from Worcester to Wincliendon
Mass., 37 miles. Stock, $875,277. Interest has been reduced to 5 per
cent. Gross receipts in 18^0-81, $174,688; net, $18,377. In 1881-2,
gross receipts, $187,280; net, $48,806.
Boston Concord Sc Montreal.—Owns from Concord, N. II., tc
Woodsville, N. II., 93 miles; branches—Woodsville, N. H., to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles. An
extension of the White Mountaiu Railroad from Littleton to Groveton
Junction is mortgaged.
In June, 1881, leased to Boston & Lowell. See V. 38, p. 705.
Of the sink, fund bonds due in 1889, there are outstanding in the hands
of other parties, $202,000, on which interest is paid; the trustees holding
$306,000 and the corporation holding $116,000 on which no int. is paid.
Annual report for 1883-4 published in the Chronicle, V. 38, p. 678.
-(V. 37, p. 342,

"g
6 & 7
6
5

7,000,000

100

....

6
3

226,900

Bk. April 1. 1893
July 1, 1895
July 1, 1895
May 16, 1884

A. & 0. Worcester, City Nat.
do
do
do
do
J. & J.
Boston, Office.
M. & N.

5 & 7
3

500,000
750,000
620,000
(?)
200,000

1873-4

1873
1882
1881

41

180-23

2,000,000
3,792,000
999,500

ioo

54

'50

1,945,400
500,000

1,000
1,000

500

68

Bonds to purchase branches, coupon or
Bradford Bordell d Kinzua—let mortgage
Bradford Eldred d Cuba— 1st mort

„

_

1872
1875
1876
1879
1883

206

Boston d N. Y. Air-Line—Stock,
1st mortgage
Boston d Providence—Stock

-

1858
1873
1881
1883

140

Bonds
Bonds.-.
Bonds
Bonds
Bonds
Lowell & Lawr., bonds
Salem & Lowell, bonds
Boston d Mailic—Stock

Bonds, coupon and

1.86
186

160
166

$390,000

$100&c.

38*3

M. &

N.Y., Corbin Bank’gCo.
do
do

S.

Mar. 1,
Mar. 1,

1887

1911

,

1883, they have
of New Hamp. and the Bost. Con.
terms stated in V. 38, p. 705, but
stockholders to prevent the con¬

Concord RR.,.but from February,

been under separate managements.
In Juno, 1884, a lease of the North,
& Montreal railroads was v-»ted on the
suits were commenced by some of the

summation.

Net

Gross

Payments

/

Rentals. Int. & niisc. Div.,p.o
$1,872,656 $584,269 $133,690
4
$298,057
140
2,085,622
675,345
154,808
4**
345,105
2.128.761
735,302
128.613
358,509
5H
-(V. 37, p. 479, 615, 666 ; V. 38, p. 678, 705, 731; V. 39, p. 71, 202.)
Boston' Sc Maine.—Owns from Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballard ville, 10 miles: Bradford to Newburyport and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. In March, 1883, voted to lease the Eastern RR. of Massa¬
chusetts ou terms as stated briefly under Eastern; the lease was onposed by suit of one of the trustees of the Eastern RR. mortgage. The
vear ends Sept. 3d.
The last annual report was in V. 37, p. 638 ; earn¬
ings, &c., were as follows:
Div.
Net
Years.

Milos.

Receipts.

Expenses

Gross

Receipts.

Years.

Receipts.

Divdends.

Receipts.

& Taxes.

p.o.

7i*
$525,000
..$2,532,658
8
560,000
1,02 1,860
1,062,657
2,687,516
8
560,000
920,873
1,929,853
2,850,731
8
560,000
920,669
2,070,759
2,991.429
-(V. 36, p. 311, 365, 675; V. 37, p. 533, 638; V. 38. p. 509.)
Boston Sc New York Air Line.—Owns from New Haven. Conn.,
to Willnuautic, Conu., 50 miles; leased, Turuerville to#Colchester, 4
miles; total

$1,511,018

$1,021,634

Middletown
on the pref. stock and
$830,809. Ou the road, the
were $305,111 in 1881-82, aud net $172,154.

operated, 54 miles.

Formerly the New Haven

& Willimantic. A lease was made in Oct.. 1882, to
RR. for 99 years at 4 per cent dividends per year
interest on the bonds; the common stock is

gross

earuiugs

the N. Y.N.H.& Hartf.

from Boston, Mass., to Providence,
leased, Attleborough to North Attle¬
borough. 4 miles; total operated,68 miles. The company have valuable
depot properties in Boston. Notes outstanding September, 1883, were
8360.000, due in 1883-4-6. In Jan., 1884, voted to improve te initials
in Provide ice and issue $610,009 b jnds or notes as required. Annual
Boston Sc Providence.—Owns
R. I., 44 miles; branches,20 miles;

report in

V. 37. p. 562.

Gross

Earnings.
$1,419,313
1,584,839
1,669,134

Years.

-(V. 37, p. 562 ; V. 38. p.

147.)

Net Traffic

Earnings.
$395,403
352,330
345,579,

Bradford Bordell Sc Kinzua—(3-foot gauge)—Mileage
Bradford, Pa., to Simosou, Pa., 15 miles; Kinzua Jutictiou to
3 miles; Revv City to Eldred, 12 miles; Simpson to Smethport, 11
total, 41 miles. Stock is $500,000, par of shares, $100.
Gross
in 1882, $96,133; net, $18,445. John J. Carter,

Divi-

deuds.
8
8
8
from

Bordell,
miles ;
earnings
Titusville, Pa., Pres’t.
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
and Wellsville. N. Y., and brunch to Rieliburg, and Cuba to Little
Genesee, 54 miles. Stock, $480,000. There are also 2d mortgage bonds
for $60,000, 6s, due 1885. Gross earnings in 1881-82, $153,043; net,
$66,728. Gross earuiugs in 18-12-83, $91,527; net, $14,497; interest,
$36,719. R. G. Taylor, President.
Brooklyn Elevated.—Receivers were appointed October, 1880,
and a compromise effected March 1,' 1881, by which reorganization
was to be made and stock and bond scrip were assessed.
There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
All were
scrip; $1,851,880 engraved stock and $1,497,683 scrip stock.
assessed 20 per cent and $4,500,000 6 per cent mortgage bonds, and
also income bonds, were to be issued. There was some failure in the
plau. and in January, 1884, bondholders proposed to raise $400,000 to
complete the road to East New York. The road was sold in foreclosure
iu May, 1881, and reorganized, and the present status has not been
clearly ascertained, but may be defined in the next Supplement. (V.
38, p. 59, 114,

594.)

Brooklyn Sc

Montauk.—Brooklyn to Eastport, L. I., 71

miles

9 miles;
Side Railroad of Long
and reorganized as the

brandies to Fresh Pond Junction, 2 miles; to Rockaway,
This was first the South
total, 82 miles.
Island, which was foreclosed Sept. 16, 1874,
Southern of Long Island. On June 3, 1879, the property was
in foreclosure of the second mortgage, aud this company

again sold
organized,
file preferred stock has a, preference of 7 per cent, not cumulative. It
is leased to the Long Island Railroad for 50 years at 25 per cent of the
uet earnings of the whole Long Island RR. system, including its leased
lines. No rental lias been reported as paid, the lessee claiming to
have expended all the income on improvements.
The new mortgage
for $1,000,000 was to take up the first, and balance issued lor extension
to Moriches; it is guaranteed by L. I. RR. as to interest on $750.00 >,
A. Corbin, Presi¬
aud both principal and interest ou the $250,000.
dent.

Daniel Lord. Secretarj', New

Yon City.

(V. 37 p. 502.)

RAILROAD

October, 1884. J
Subscribers will confer

a

explanation of column headings, Ac.,
on

first page of tables.

see

notes

Brunswick & Western— 1st mortg. (for $3,500,000).
Buff.Brad.c6 Pitts.—Gen. M.Jincl. 10,000 ac. I’d)
Buffalo New York <6 Erie—Stock
—

first mortgage

Buffalo N. 1. <6

Philadelphia— Stock,

common

Stock, preferred
1st mortgage, gold
2d mortgage
Consol, 1st mortgage, gold
Trust mort., gold (secured by collaterals)
General mortgage (for $21,500,000)
Buff. Pitts. A W., M. bds (for $7,500,000 coup.)
do
do
do
do

Buffalo <6 Southwestern.—Stock (one-lialf of itpref.)
1st mortgage bonds, gold
Burlington O. Rapids <6 Northern—Stock

1st mortgage
Iowa City A Western, 1st mortgage, gold, guar..
Ced. Rap. I.F.& N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
Consol. 1st mort. A coilat. trust, gold, coup. & reg.
California Pacific—1stmortgage, gold
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3 p. c.)
California Southern— 1st mort. ($25,000 per mile).
2d mortgage ($5,000 per mile)
Camden <6 Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
.

2d mortgage, extended in 1879
Consol, mortgage (thirty years)

Miles
Date
of
of
Road. Bonds
171
26
142
140
669
669
121
121
205
....

1st mort. (W. A F. RR.)
1st M.(OilCr. RR.) renew’d, ’82..
1st mort. (Un. A Titusv. RR.)
Consol, mort. (Pitts. T. & B.)

..

All.
274
50
38
25
120
67
67
713
369
73
55
177
All
114
114
114
132
78
>78
....

1883
....

....

1876

Size,

Gilesville, Pa., 26 miles.

Outstanding

$500Ac.

standing bonds, $40,600

a

19

$2,000,000

1,000

580,000

7

100

950,000
2,380,000
13.750,000

1,000

1878
1881
1882

1,000

....

1871

....

....

1,000

1.000

1853
1854
1881

Completed in 1866, aud leased
Rental, 7 per cent
year. Capital stock, $2,286,400.

l.OOOAc

3,317,000

1,000
1,000
500

2,250,000
1,600,000
3.000,000

1,000

3,101,000

50

1,000
1,000

1,258,050
490,000
497,000

1.000

350,000

(V. 39,

Buffhlo New Work 6c Erie.—Owns from

to
on

31*2

,500,000
5,500,000
6,500,000
584,000
825,000
1.905,000

1,000
1,C00

....

943,666
2

100
100 Ac.

1876
1879
1880
1881
1881
1867
1871
1875
1882

573,000
500,000
866,000

1,500,000

1,000

New
out¬

Buffalo, N. Y., to Cor¬

ning, N. Y., 142 miles. Leased in 1863 to the New York A Erie for
400 years, and now operated by the N. Y. Lake Erie A West. Co.
Rental,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
tion expenses. Dividends and interest paid
directly by the lessees.
Buffalo New York 6c Philadelphia.—(See
Map)—A consolida
tiou in Feb., 1883, of the Buffalo N. Y. A
Philadelphia, the Buffalo Pitts¬

on

Whom.

g.

J. A J. N.Y. Office, 35 Wm. St.
J. A J. N. Y. L. Erie A W. RR.
J. A D.
N. Y., Erie Railway.
J. A D.
do
do

J.

A

J.

Q.—M.
g.
g.
g.

g.

J. A J.
M. A N.
M. A S.
A. A O.
F. A A.
A. A 0.
J. A J.
F. A A.

do
do
do
do
do
d >
do
do
do
do

do
do
do
do
do
do
do
do
do
do

T.

5

J. AD. N. Y.. Central Trust Co.
M. A S.
do
do
A. A O.
do
do
A. A O.
do
do
A. A O.
do
do
J. A J. N.Y., Eugene Kelly A Co
J. A J. N. Y„ Nat’l Park Bank.
J. A J. N. Y.,Cent. Pacific RR.
J. A J.
Boston.

g.

g.
g.

g.
g.
g.

6

pref.
7 g.
6
6

A D.

N. Y. L. Erie A W. RR.

Camden, Co.’s Office.
A J. Phila.. Farm. A M. B’k.
do
!A. A O.
do
|J. A J.
do
do
J.

Bonds—Princi¬

pal,'When Due
Stocks— Last

Dividend.

6 g.

7
6
5
5
7
6
3 A
6
7

Payable, and by

Q.-M. Phila.orN.Y.,Co.’sOffice

6
7
6
6
6
6
7
6
7
7

7,000,000
2.800,000
1,700,0:10
4,061,000

500 Ac.
100 Ac.

1877

7

3,000,000
1,000,000

1,000
1,000
1,000

1881
1865
1862
1870
1876

3ifl

6,568.200

1,000

1884

Rate per When Where
Cent.
Payable
6

Pittsburg.—Owns from Carrollton, N. Y.

York Lake Erie & Western for 499 years.

Amount

Value.

50
50
500 Ac.
500 Ac.

J. D. Davis, President, Albany, Ga.

Buffalo Bradford 6c
to

BONDS

INTEREST OR DIVIDENDS.

or

Par

Brunswick 6c Western.—From Brunswick to Albany, 171 miles,
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns¬
wick A Albany, aud ‘L..e present company has
$3,500,000 pref. stock,
and $1,500,000 common.
Mr. Fred. Wolffe in New York and a syndi¬
cate in Frankfort were most heavily interested, aud in
August, 1884, it
wra8 reported that
a controlling interest was sold to H. B. Plant.
Gross earnings in 1882, *299,474; net, $84,562.
In 1883, gross,

$338,824; net, $107,974.
p. 233.)

AND

great favor by giving immediate notice of any error discovered in these
Tables.

DESCRIPTION.
For

STOCKS

Jan. 1,
Jan. 1,
Juno 1,
Deo. 1,

1913
1896

1884
1916

Doc. 26, 1883
July 1, 1896
Dec. 1, 1908
July 1, 1921
May, 1, 1923
Mch. 1.

1924

April 1. 1921
Feb. 1, 1896
Apr. 1, 1912
July 2, 1890
Feb.
Oct.

1. 1896

1,

1884

July 1, 1908
Juno 1. 1906

Sept. 1, 1909
Oct. 1,
Oct, 1.

1920
2 921

April l, 193 4
Jan. 1, 1887
Jan. 2, 1891

July, 1905

Jan

1, 1922

Feb. 1, 1884
Jan.. 1893

Oct., 1, 1904
July 1. 1911

Erie A Western for 99 vears—at 35 per cent of
gross earnings, but
interest on bonds guaranteed. First dividend Jan., 1883.

(V. 35, p. 705.-

Burlington Cedar Rapids 6c Nortliern.—Owns from Bur
lington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Musoatine, la ,to

Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
la..to Montezuma. 83 miles; Clinton to Noel, 24
miles; leased, Holland
to Worthington, Minn., 182 m.; total
operated. 713 m. The former com¬
pany was organized as the Burlington Cedar Rapids A Minn., June 30,
186s. Defaulted Nov. 1, 1873. Property sola under
forecloure June
22, 1876, and this company was formed by the purchasers.
Bonds of the Cedar Rapids Iowa Falls A Northwestern
road are en¬
dorsed (endorsement is on the bonds); the 6
per cent bonds are redeem¬
able at 105 after Oct. 1, 1890. Of the 5
per cents $825,000 are reserved

to retire the 6 per cents. The
company guarantees the above bonds
mentioned, and also guarantees $150,000 of Minneap. A St. Louis bonds.
In April, 1884, for the purpose of
issuing additional bonds for exten¬
sions, the limit of authorized capital stock was raised to $30,000,090.
The consolidated bonds are dated April 1,1884, and issued for
$ 1,300,000
in amount to build new road, and secured
by tirst mortgage bonds on the
roads built, to be deposited with the trustee of this
mortgage at the rate
of

$15,000 per mile.
The annual report for 1883 as
burg & West., Oil City A Chicago and Oleau & Salamanaca, Mileage as
published in the Chronicle, V.
follows:
Buffalo, N. Y.. to Emporium, Pa., 121 miles, Larabees. P.V., to 38, p 570, said: “ The gradual increase of traffic from year to year has
Clermont, Pa., 2u; Buffalo, N. Y., to Oil City, Pa., 138. Titusville, Pa., necessitated a corresponding increase in equipment; and no provision
to Union City, Pa., 25, Mayville, N. Y., to
Chautauqua, N. Y., 3^; Olean, having been made to meet such contingency, the expense of additional
N. Y., to New Castle, Pa., 184; Rochester, N. Y., to
Oleau, N. Y., 106; rolling stock of necessity had to be defrayed from not earnings.
Narrow Gauge Division—Olean, N. Y., to Kinzua, Pa.. 51,
Bradford, Pa.. Arrangements have been made to cover into the company’s treasury the
toEldred. Pa., 19; total operated, 669 miles, of which the
money expended in constructing the lines of road mentioned in former
pieces of road
from Stoueboro to Oil City, 29 miles, and Irvineton to
upon which no incumbrances exist, by bonding such lines at
Warren, 6 miles, reports
rates not in excess of t hat borne
are leased.
by other portions of the road.
In
order
to maintain the present standard value of the
In the consolidation the capital stock of the new
company’s
company was made
equal to the sum of the capitals of the several companies, the new com¬ system of railway, as measured by its earnings, and for the purpose of
procuring
increase
of
traffic
over
its
lines,
and
protection
pany also assuming all the liabilities of each company merged. The
against
encroachments of rival interests, the directors have determined to con¬
holders of the common aud prefern d stock of the Buffalo N. Y. A
Phila¬
delphia Ry. Co. and the Olean A Salamanca RR. Co. received 20 per tinue the work of extensions to a limit'd amount during the present
year in accordance with the policy adopted by the
cent additional stock in kind, which was paid out of the stock t hen in
the
company at an early
treasury of the Buffalo Pittsburg A Western Rli, Co. The stockholders day in its history, provision therefore having been already made and
the work commenced. The proposed
of the Buffalo Pittsburg A Western RR. (Jo. and of the Oil
changes in the company’s articles
City A Chicago of
RR. Co. (other than the Buffalo Pittsburg A Western RR.
incorporation, as per notice thereof issued to stockholders, were
Co.) receive
share for share. The Buffalo Pittsburg Sc Western RR. Co. received share adopted at the stockholders’ adjourned meeting held at Cedar Rapids on
9.”
for share for all the stock of the Oil
City & Chicago RR. Co. remaining April
For eight months from Jan. 1 to
in their treasury after deducting the 20 per cent
Sept. 1, 1884. gross earnings were
paid to the stockholders
of the Buffalo New York APhila. Ry. Co. and the Olean A Sal. RR.
$1,691.303, against $1,709,368 in 1883; net. $455,448, against $157,091
Co.
in
1883.
Net
The consol, mort. is for $11,000,000, of which
income, Ac., for three years was as follows:
$4,000,000 is reserved
for prior liens, and it covers 205 miles of new road and the old 121
INCOME ACCOUNT.
miles,
and 16,000 acres of coal lands owned by the Buffalo Coal Co.
The trust
1881.
1882.
1883.
bonds due in 1923 arc secured by $500,000 first, mort. bonds
of the
Receipts—
$
$
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of
$
the Net earnings
632,186
917,001
Olean A Salamanca RR., $1,600,000 tirst mort. bonds of the Oil
895,378
City A Other receipts
59,190
4 8,596
78,057
Chicago RR. and $300,000 mort. bonds of the No. West. Coal A Iron Co.
The general mortgage issued in 1884 is for an authorized amount of
Total income
691,376
9 13,974
995,058
$25,00u.000. of which $21,300,000 is reserved to redeem the previous
1881.
1882.
1883.
mortgages, (see V. 37, p. 5o8.)
Disb ursc m nils—
In 1884 the earnings proved insufficient to meet
$
$
$
interest, and a state¬ Interest on debt.
ment of financial condition, showing net
48 1,624
424,562
516,130
floating obligations of Construction and
improvement
$l,709,00d, was published in V. 39, p. 127. Tin*, estimated net earnings
198,270
71,965
for year ending
Equipment
280,459
368,502
385,845
Sept. 30, 1884, are $946,000. /The proposition to bond¬ Other
holders is stated thus: “ Interest on the following classes of bonds
expenditures
13,583
22,396
37,725
must
of neoessity be paid in full, in order to preserve the
property intact,
Total
disbursements
inasmuch as the lines of road covered by them are
916,874
947,487
939,700
earning interest, viz.:
Balance
First mortgage bonds, Buffalo New York A
..def. 225,498 sur. 47,571
sur. 4,274
Philadelphia Railway Co.; -(V. 37,
second mortgage bonds, Buffalo New York A
p. 666; V. 38, p. 229, 260, 331, 455, 570; V. 39, p. 208, 296,
Philadelphia Railway Co.; 348.)
first mortgage bonds Warren A Franklin
As to the
Railway Co.
coupons on the remainder of the bonds, after careful consideration of
California Pacific.—Owns from South
Vallejo, Cal., to Sacramento,
the whole subject, it has been thought advisable to submit the
following Cal., 61 miles; branches—Adelaide to Calistoga, 35 miles; Doer’s to
proposition to you for your approval, viz.: That,
with coupons Knight’s Landing, 19 miles; total operated, 113 miles. Consolidation
due Aug. 1, 1884, the holders of each class of beginning
bonds will take for the (Dec. 23, 1869) of California Pac. and California Pacific Extension com¬
coupons maturing at stated periods, for three full years, three per cent panies.
Leased for 29 years, from July 1,1876, to Central Pac.
Rental,
in cash and the balance in
non-interest-bearing scrip, convertible into $600,000 per annum, and three fourths or net earnings when in excess
bonds
income
when the same are presented in sums of $500, at
Capital stock, $12,000,000.
the of that amount.
Extension bonds of
offices of the company, either in New York City or
Philadelphia, said $3,500,000 and incomes of $1,000,000 were in default, and the new
income bonds to run twenty years and bear interest at the rate of six bonds of 1875, guaranteed bv Central Pacific, were issued in
place
per cent pi*r annum when earned, and to be a lien upon the
earnings of thereof. R. P. Hammond, President, San Francisco.
the company prior to the preferred or common stock.”
California Southern.—This road from National
City, Cal., to
The annual report for the year
ending .Sept. 30, ’83, was in the Chron¬ Colton and San Bernardino, Cal., 132 miles, was built by Boston
capital¬
icle, V. 38. p. 113. and contained the following statement of
ists and opened September 12, 1882, but has no
earnings
through connections.
aud expenses, as compared with the
previous year:
Stock, $3,300,000. For $1,100 in cash each subscriber received $1,000
in bonds, $1,0<>0 in stock and $100 in the San
Gross.
Expenses.
Net.
Diego Land A Town Co.
stock. Second mort. loan made April, 1884, aud defaulted on
lc82
interest
...$2,520,960
$1,216,751
$1,304,209 due
July
1,
1881.
1883
In
1883
gross earnings were .+90,396; expenses and
2,703,128
1,387,189
1,315,939 taxes, $105,252; def.,
$L4,8o0. Thos. Nickerson, President, Boston, (V.
38, p. 479 ; V. 39, p. 3, 47.)
Increase
$182,168
$170,438 •
Camden 6c Atlantic.—Owns from
$11,730
Camden, N. J., to Absecom
-(V. 37, p. 508 ; V. 38, p. 29, 87, 113, 332, 358,
447; V. 39, p. 110 Inlet, 60 miles; Penn. Ave. to South Atlantic, 6 miles; Phil. Marl. A
127.)
Med. RR.; Haddontie.ld to Medford, 12 miles; total
operated, 78 miles.
Pref. stuck, entitled to 7 per cent if earned, and to as
high as paid to com.
Buffalo 6c Soutliwestern.—Owns from Buffalo to Jamestown. if more
than 7. Or. main line an l branches in 1882.
gross earnings were
N. Y., 67 miles.
Formerly the Buffalo A Jamestown; reorganized I $550,405; net, $L90,32»; in 1883, gross,
$558,871; net, $166,800. (V
in 1877 after foreclosure. In
July, 1880, leased to New York Lake i 36, p. 169; V. 38, p. 293.)




“

£




RAILOD
STOCKS
AND

BONDS,

RAILROAD

October, 1884.)
Subscriber* will confer

a

DESCRIPTION.
For explanation of column headings,
on first page of tables.

AND

BONDS.

Ac.,

Miles

Date

of

of

see notes

Size,

31
404
404
464

c

*

1st

mortgage
Mortgage bonds
Cayuga & Susquehanna-Stock

....

98
98

....

93
34
14
61
100

Cedar Falls <£ Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Central Branch Union Pacific— 1st mort., gold
Funded interest bonds (coupons held in trust).
2d mortgage (Government subsidy)
Central K. R. <£ Bank, 6a—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend)
Ocean Steamship Co., guar., 1st
mortgage
Central Iowa—1st mortgage
Debt certificates. issued for overdue
coupons
1st mortgage, gold, Eastern Division
Ill. division, 1st mortgage ($10,000 p. m.)
..

....

100

730
-

620
....

....

189
-

-r

-

.

124
95

....

1864
1866
1866
1879
'66-7-8

15,000,000

1,000
1,000Ac
100

500 Ac.

13.802,937
4,500,000
-

65.000,000
2,487,000

1,000
1,000
1,000

1,800,000

1,200,000
1,500,000
2,250,000

50
50
50

1,159,500
1,000,000
2,200,000
230,500
1,300,000
589,110
210,000

.

500 Ac.
100
500 Ac.
500 Ac.

1,000
1,000
1,000

1,377,000
1,6 0,000

630,000

100

1,600,000
7,500,000

1,000

5.000,000

....

1872

1881

100

....

1879
1880
1882
1882

$350,000

100

....

1882
1870

Outstanding

$500Ac.

....

1881
1881
1881
1881
1881

Amount

Value.

....

1878
1883

98

....

—

1867

or

Par

Road. Bonds

Canadian Pacific— Stock (guar. 3 p. c. div. till '93). 1,730
Land mortgage bonds, gold..
Carolina Central— 1st mortgage, gold, coup, or
242
reg.
2d mort., gold, income, reg., not cumulative
242
3d mort., gold, income, reg., not cumulative
158
Carson & Colorado— 1st mortgage
158

4,600,000

....

500Ac.
500 Ac.

1,000
1.000

1,000,000
3,700,000
629,000
1,515,000

1,520,000 !

INTEREST OR DIVIDENDS.
Rate per Wlien Where
Cent.
Payable
„

6
2
5
5

F.
F.
J.
M.

&

Burlington County.—Owns from Camden, N. J.,
Pemberton, N. J., 23 miles; .branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad
of United Railroad A Canal Company’s lines. Gross Company, lessees
earnings in 1883,
$192,629; net, $69,547. Lease rental, $44,415, being 6 per cent on
stock and bonds, and $500 for organization
expenses. Capital stock
$381,925 and funded debt $350,000. Dividends in January and
July.
-(V. 36, p. 195.)
to

A
&
A
&

212
J.
J.
A.
J.

6

0

*3i2
312
6
7

M. A N.
& N.

jM.

F. A
J. A
'A. &
&
jM. A
g- M. A

2*2
7
6
6
7
7
6 g6

J.
J.
J.
J.
J.
A.
A.
A.

&’

pal.When Due.

Payable, and by Stocks—Last
Whom.

1

Montreal,N.Y.orLoudon

& J. N. Y., Farmers’L.A T.Co.
A J.
New York, Office,
& O.
do
do
A J.

412
7
7
6
7
6

Bonds—Prinoi
—

^

A.
Phila.. Penn. RR. Co.
A. N. Y., Grand Cen.
Dep.
J. N. Y.. Union Trust Co.
S.
do
do
N. Y., 63 William St.

A. A O.

5 g-

6 g.
<> g-

'|
Camden

si

great ftivor by giving immediate notice of
any error discovered in these
Tables.

Camden <£ Burlington Co.—1st mortgage
Canada Southern—Stock
1st mort., interest guar, by N. Y. 0. A Hud. Riv..
2d mortgage, coup, or reg

Oatamssa—Common stock
New preferred stock
Old preferred stock

STOCKS

Philadelphia Co.’s
do

Dividend.

1897
Feb. 1, 1884
Jan. 1, 1908
Mar. 1, 1913

Aug. 18,1884

Oct.

1,

1931

April 1, 1920
July 1, 1915
July 1, 1910
July, 1911

office May 16,

1884

May 16, 1884
Phila., Phila. A Read.Co. Feb. 1, 1902
do

A.
do
J. New York, 44 South st.
O. N.Y., J. Ken. Tod A Co.
J.
do
do
N. N. Y., 195
Broadway.
N.
do
do

U.S. Treas., at

maturity.

Feb.

1, 1900

July 1, 1884

April 30, 1884
Jan.

2, 1907

May 1, 1895
May 1, 1895
1896/97, ’98

D.
Savannah, (fa.
June 24, 1884
& ,1. N.Y.,Nat.City BkASav. Jan.
1, 1893
A J.
Savannah, Ga.
1891
& J.
Now York.
Jan. I, 1892
& J. N.Y., Mercantile lr. Co.
July 15,1899
& O.
do
do
3 mos. notice.
& O. N. Y.. Taintor A Holt,
April 1, 1912
& O.
do
do
1912

Defaulted, and receiver placed in possession April 5, 1876. Sold
in fore¬
May 31, 1880. for $1,200,000.
In 1881-82, gross
earnings,
$603,874; net, $72,812; in 1882-83, gross,
$596,328; net, $168,471;
in 1883-84, $555,275; net,
$64,298. Wilmington Bridge bonds,
$200,000,
at 7 per cent, are guaranteed
by this company and interest paid. The
stock of $1,200,000 was placed for live
years from Nov. 1, 1879, in
closure

the

hands of the reorganization committee.

(V. 36, p. 674; Y. 37, p. 128.)
Carson Sc Colorado.—(3 foot
gauge.)—From Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to
Hawley, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road
follows the valleys along
eastern side of Sierra Nevada Mountains and
may

Canada Southern.—Link of Road—Main line from International
Bridge to AmhersUmrg, Ont., 229 miles; branch, St. Thomas, Out., to
Courtright, Out., 63 miles; Erie A Niagara. 31; Sarnia Chatham & Erie, ern Pacific
eventually join South¬
at Mojave. Stock, $6,000,000
authorized; $2,250,000 issued.
7; Canada Southern Bridge A Ferry. 4; Toledo Canada Southern A Gross
iu
earnings
18.82,
$442,254;
net,
$246,104.
Gross in 1883,
Detroit, 55, and Michigan Midland A. Canada, 15; total of all lines
$441,994 ; net, $196,308. II. M. Yerington, President,
Carson. Nev.
operated, 404 miles, of which 105 miles are nominally o wned by proprie¬
tary companies under separate organizations.
Catawlssa.—Owns from Tamanend, Pa., to
The Company, Alliances, Ac.—The
miles; branch, Summit Station to Silver Brook, 4 Williamsport, Pa., 94
corporation was chartered in 98 miles. Leased
miles; total operated,
from Nov. 1, 1872, for 999
Canada Feb. 28, 1868, and the main line opened Nov.
3 ears to Philadelphia &
15,1873.
Default Reading.
was made, aud a reorganization
Rental, 30 per cent of gross earnings and $8,000 a
forming the existing company was
year for
company expenses. Funded debt is also assumed by lessees.
completed in 1878. Interest on the 1st mort. is guaranteed
Seven per
by
the
New
cent
is
York Central Railroad Co. for 20 years; but the
guaranteed
on the preferred stocks.
principal is not guar¬
anteed.
In Nov.. 1882, a close contract, was
made with the Michigan
Cayuga Sc Susquehanna.—Owns from Owego, N. Y.. to
Central for 21 years from Jan. 1, 1883,
Cayuga
providing for the operation Lake. N. Y., 3 4 miles. Leased in
of the Canada Southern by the
perpetuity to Del. Lack A Western at
Michigan Central, also for the placing of a rental of $54,609 a

the total earnings of both roads in a common
treasury, out of which iste
be paid, first, the. operating expenses of botn
roads; second, the lived
charges* of both; third, the division of the remainder between the
two.
in the rate of two-thi; ds to the
Michigan Central and one-third to the
Canada Southern; fourth, for the raising of
$6,000,000 by a 2d mort.
on the Canada Southern to double-track its
line, to build a bridge over
Niagara River, and for other extensions and improvements.
Income.—For the first half of 1884 the income account was in
V, 38.
p. 763. See also Michigan Central.
The statement for Michigan Central
and Canada Southern in 1883 gave
this company $668,333. out of which
a dividend of 4
per cent was paid. The income account of Canada So. for
the year was as follows:

$14,600,000
9,700.00o
(69-28)

Percentage of earnings..
earnings

$4.300,00'
2.475,000

;

Interest and rentals
Balance
Division as p r traffic agreement, viz.:
Canada Southern Railway one-third

Appropriated

as

$1,825,060

$608,333

follows:

Divid’nd—2p.e. Aug.,’a3.$300,000;

2 p c. Feb.,’84,

year.

Dividends

ou

capital, 9 per cent per

annum.

Cedar Falls Jc Minnesota.—Owns from
Waterloo, la., to Minn.
State Line, 76 miles. Leased to
Dubuque A Sioux City for 40 years
from January 1, 1807, at $1,500
per mile as a minimum and a con¬
tingent of 35 per rent of gross earnings from
$3,500 to $7,500 per mile
and of 30 per cent or
any excess over $7,500 per mile. The Dub. & S. O.
(carrying this road) is leased to III. Central till 1887, with
option to the
lessee of renewing. Capital stock,
$1,586,500. A sink, fund of 1 p. ot.
is
per annum
provided, and some of the above bonds su e in the
fund. All operations and
sinking
earnings are included in Illiuoie Central
re¬
ports. The minimum rental is $113,370. J. S.
Kennedy,
Y.

Pres’t, N.

INCOME ACCOUNT.

Gross earnings of both roads
Operating expenses and taxes
Net

—(V. 38. p 705.)

$300,000

$600,000

-(V, 37, p. 399, 666, 718; V. 38, p. 378,751,763.)
Canadian
Pacific.—(Sec Map.)—This
incorpo¬
rated February 18, 1881, under a charter company was
from the Dominion of
Canada. The company has an important contract in its
charter, receiv¬
ing from the Government $25,000,000 in cash as a
000 acres of land, all tit for settlement The subsidy, also 25,000,Government also con¬
veyed to the company, free of all cost, 713 miles of road. The
company
also acquired 449 miles of road and branches from
Montreal west to Cnllendar for $5,423,333, which is a lien on 441 miles of those

Central Branch Union Pacific.—f Sec
Map Mo. Pac.)—Owns from
Atchison, Kan., to Waterville, Kau.. 100 miles;
leased Atchison Col. A
Pae. 255 miles ; At eh. J. Co. A
W., .>3 miles; total operated, 388 miles.
The U11. Pac. Cent. Branch was
formerly the Atchison A Pike’s Peak RR.,
sind was one of the roads embraced in the
sict of Congress
incorporating
the Union Pacific RR.
The stock is $1,000,000, of which
the Union
Pacific holds about $900,000. The
company received a Government
subsidy of $1,600,000. Default on interest was made May 1,
1873, but
no foreclosure took
place. It is operated as a part of the Missouri Paciflo
system, under an arrangement with the Union Pacific. Fiscal
year ends
Dec. 31. I11 1882 gross earnings
were$l,040.119; net, $383,718. In 1883
gross earnings $1,517,707; net, $598,119; other
income, $22,539; total
net income, $620,658 ; rentals
paid, $287,375 ; interest on

193; miscellaneous, $20,682; total, $148,749
37, p. 447, 508; V. 38, p. 331, 358.)

;

debt, $140,surplus, $171,909. (V.

Central of Georgia (A; Bank).-Owns from
Savannah, Ga., to
Atlanta, Ga.. 295 miles; branch, Gordon to Milledgeville,
17 miles;
leased-Augusta A Savannah, 53 miles; Eatonton Branch
Railroad,
22 miles; Southwestern Railroad and
branches, 343 miles; total opera¬
ted, 730 miles; also takes net results of 170 miles more
operated by
separate companies.
I11 January, 1880, purchased the former
Savannah A Memphis road—Opelika to
Goodwater, 60 miles—for
1881
$700,000.
In
the
control
of
the
Port
Royal A Aug.
was bought;
also a

roads.
The whole road is to extend from Montreal
to Port Moody on the
Pacific'-coast in Brit. Columbia, 2,892 miles, with branches ami
lease of the Georgia Railroad for 99
leased taken iri the
years was
lines of 1.065 miles, making a total of 3 956 miles in
interest of this company. Oct 31, 1883, the
the whole system,
whole system
as p‘T detailed statement in the
and connections embraced 1,621 miles. The
Chkoniolk, V. 39.
certificates of debt were
In Nov., 1883, leases were ratified of the Credit p. 268.
June, 1881, as a dividend to stockholders—$40 per share to Cen¬
Valley Railway and issued,
its leased lines, about 183 miles,
tral
aud
Georgia
$32
per
share
to
and the Ontario A Quebec Railway, 200
Southwestern. The
miles, and 10 miles of the Atlantic A N. W.
large interest in connecting lines and the Ocean company owns a
Railway, with bridge facili¬ Savannah.
Steamship Co. of
ties at Montreal. The leased lines
This
company and the Georgia Railroad Company are joint
give a road from Montreal via Toronto
to 6t. Thomas on the Canada
owners
of
the
Western
Railroad
of
Southern.
Alabama, purchased at foreclosure
The authorized stock is
$100,000,000, and in Nov., 1883, the Domin¬ sale in April, 1875. The “tri-partite” bouds are issued jointly by this
ion Government gave a
guarantee of 3 per cent dividends per annum company, the Macon A Western and the South western.
for ten years on
The annual report for the
$65,009,000 of the stock outstanding ; and the remain¬
year ending August 31, 1883, was in the
ing $3.>,000.000 of stock was deposited with the
Chronicle, V. 37. p. 423. The income account of Central of
Government
to
be
Georgia
withdrawn by the company as the
completion of its road calls for it, and proper has been as follows :
issued then with the Name guarantee.
1881.
1882.
In February, 1884, the Dominion
1883.
Total net income
Government modified its agreements and loaned the
$2,147,241
$1,688,918
$2,027,691
500,Ot 0, taking a lieu upon the railroad and lands of thecompany $22,- Fixed chargee and dividends.. 1,457,851
1,972,708
1,982,517
company, sub
jeet to the piier liens.

There

was no

mortgage on the road (except the lien above mentioned of
441 miles) ana the bonds are on the lands
only. There are
eposited with the government $15,000,000 of these bouds
and there
were out on Jan. 1, 1,*?84, the above
amount, remaining after cancella¬
tion of bonds from land sales.
The company sold 3,753,400 acres of
its lands for a net
amount of about $8,7 50,000,
mainly to the Can¬
ada Northwest Laud Co. The
bonds are receivable for lands and
may
he drawn and
paid of! at 110. (V. 37. p. 22. 127, 392, 478, 508,
533,
; V. 38, p. 59, 177,
423,508; V. 39, p.127, 206, 381.)

5,423,333

on

Carolina Central.—Ow ns from Wilmington, N v .. lo
Slielb^, n C.,
Formerly Wilmington Char. & Rutherford, chartered iu
1855. Succeeded
by exi&mg company after foreclosure May 3, 1873.
242 miles.




Surplus

$689,390 Let.. 183,789
$45,174
-(V. 37, p. 423.)
Central Iowa.—Owns from Albla,
la., to Northwood, la., 189
miles; MucRakinoek Branch. 2 miles; Grinucll A Montezuma
Branch,
13 miles; Storey City Br., 35
miles; Ncwberg branch, 27 miles ; Belmond branch, 22 miles; total old road, 288 miles.
Eastern Division
to Mississippi River, 124
miles, and Illinois Division to Peoria. 89 miles.
Total, 501 miles. To join the Iowa with the Illinois Division until the
Mississippi was permanently bridged, a contract, was made to estab¬
lish ferry facilities with a
capacity to transfer 200 cars a day. Chartered
as Central RR. of Iowa and
opened in 1871. Defaulted and placed in
hands of a receiver in 1873.
Reorganized under present title June 18,
1879, after foreclosure sale under first mortgage July 18, 1877.

MAP OF THE

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miles!

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For explanation of column Readings, &c., see notes]
on

first page

Central Iowa—(Continued)—
1st morfc. on branches ($12,000 per mile)
Consolidated mo it. (for $6,748,000)
Car trust certilicates
Central Massachusetts—Preferred stock

100
j 5ul

!

!

Common stock
1st mort. bonds (for

$1,500,000)
Central of New Jersey— Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)...-

Date Size, or

rk.iflVor.'.unoRate
uuisianuing |

1882
1*84

97
7

■

;

Co., prior liens

:..!

Preferred stock
1st mortgage bonds

1,000

500 Ac.

,

18,563,200
5,000,000

4,400,000
15,000,000

I

600,000

I

100

3,697,067
11,500,000
3,553,000
5,000,000
5,454,000
5,000,000
2,437,950
411,550
2,500,000
59,275,500

1865-8

1,000

25,883,000

1864
1870

1,000
1,000

1869
1869
1868
1872
1870
1870
1878

i",obo

l'.ooo i

1875

100 Ac.

1,000

1881
1878
1883

—

100 &c.

1,000
50
50

137
137

1,000

137

Central Pacific—Stock
13,003
1st mort., gold, (2 sinking funds, $50,000 each).. j 742
Califor. State aid, gold (s. fund, $50,000) extern!.
50
letrn.S. Joaq’n Val. Br., gld(s.f. $50,000)
I 146
U. S. Loan, (2d lieu on certain terms)..
! 742
Western Pacific, 1st mort., gold, (s. f. $25,000)...;
158

3,500,000
3,500,000
(?)

1,000
1,000
1,000 I

1S69
1872
1874
1867

J.

(redeemable any time at par).. j
Debenture bds., conv. int o stock, Jan., ’85 to 1907
Centra’• Ohio—Common stock Jan. 1
j

1912

O.! N. Y., Taiutor & Holt.

(0

100

do
do
Consol mort
L. & W. B. Coal Co., inc’nie bds, rg. (not cuuiTat’e);
Am. Dock & Imp.Co. new M. bds., guar. C. of N.

Adjustment mort.

A. A

$1,°00,000

....

1884

) 573

Consolidated mortgage (for $25,000,000)
Newark A New York, 1st mortgage

! $1,000
!

pal, When Due.

When Where payable,
and by Slocks—Last
Whom.
[payable'
Whom.
I Dividend.
TOvIAaimI

512,000

48
48

74

per

Cent

—

>

discovered In tliese Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS.

of
of j par
|Road. Bonds j Value.

of tables.

Lehigh A Wilkesbarre Coal

immediate notice oI any error

great favor by giving

DESCRIPTION,

-

33

AND BONDS

STOCKS

RAILROAD

October, 1881. j

f. $100,000): 152
j 192
Branch
i 20
j
p.c.peranu’m All.

Cal. A Oregon, 1st M., gold, guar., (s.
Cent. Pac., mortgage, on C. A O.
San Fran. O. & A., 1st M. (s. f. $100,000)
Land graut mortgage bonds
Income bds.($6,000,000),skg.fd.,10

1,606
1,000
1,000

1904

6

1*2

F. A A.
M. & N.

7
7
7
7
6 A
7
7
5
7
6
3
3
6
3

500,000

6,080,000
25,885,000
2,624,000
1,970,000

Q.-J.
J.

11:
IsIs-

3,680,000
687,000
5,375.000

1.000

3.285,000

& J.

Q.-M.

6,000,000

1,000

Q.-M.

M. A
J. &
M. A
M. &
J. A
J. &
M. A
F. &
&
&
&

N.
J.
N.
N.

J.
J.

New York, at otlice.
do
do
do
do
do
do
do
do
N. Y., 160 Broadway,
do
do
do
do
N. Y., Cent. RR. of N. J
do
do
do
do

Balt., at B. A O. office,

Sept. 1, 1884
1890

Nov., 1902
July 1. 1899
1887
1892 to 1899
June 1,

1900
May 1. 1888
July 1, 1921
May 1. 1903
May 1, 1908
July 31, 1884
July 31, 1884
Sept., 1890
Feb. 1,1884

do
do
do
do
8.
A. N. Y. A San Francisco.
1895 to’98
New York, Office.
J.
J. Sacram’o State Treas.
July 1, 1888
Oct. 1, 1900
N. Y., Fisk A Hatch.
O.
1895 to ’98
U. S. Treasury.
A J.
N. Y„ Fisk & Hatch.
A J.
July 1, 1899
1899
U. S. Treasury.
Jan. 1, 1888
N. Y., Fisk & Hateh.
J. & J.
Jan. 1, 1892
New York & London.
J. & J.
J. A J. N. Y., Cent. Pac. Office. July 1, 1890
Oct. 1, 1890
N. Y., Fisk & Hatch.
A. A O.
May. ’84 to ’88
N. Y. and Shu Fran.
M. A N.

clearly.—Line
Road—Main Hue—San Francisco, CaL, to
preferred, $871,500, and 2d pre¬ it at allUtah, 883 miles,of
and auxiliary lines, 332; total, 1,215 miles;
First preferred has prior right to 7 per cent Ogden,
operated under lease or contract—the Southern Pacific in California,
(non-cumulative); then 2d preferred entitled to 7 per cent; any surplus, Arizona and New Mexico, 1,341; California Pacific. 115, and others,
after payment ol' 7 on common stock, to be divided pro rata between
332; total, 1,791 miles; total length of road operated and accounted for
the three classes.
Jan. 1,1884. 3,003 miles. The Galveston Harrisburg A San Antonio was
By extensions since 1880 over 300 miles of trark have been laid, and
given up in February, 1883. In connection with the Union Pacific, the
Peoria, Ill., reached, and by the lower amount of bonds issued per mile Central Pacific forms a continuous line from San Francisco,' Cal., to
on the new road, the bonded debt is down to an average of $15,000 per
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
mile on the new and old lines together, and $1,000 per mile is the annual ward.
The through route from Omaha to Sacramento was opened May
Interest charge, in lieu of $1,365 upon the old line alone ; arrangements 10,
1869. The Cal. A Oregon llue is being extended nortnward to a
were made whereby the payment of interest upon bonds issued on the
with Oregon A California at the State Hue, and lacks about 100
Peoria line denominated Illinois Division, until April 1, 1885, was junction
The stock is

$3,076,600 common; 1st

ferred, $1,078,300.

charged to construction account, and therefore not a charge against net
earnings until the couuou due April 1, 1885.
In l.*84 there was litigation among parties interested in the company,

against the payment

and in October a temporary injunction was is»u d
of interest.
The fiscal year ends Dec. 31. The income account
with the preceding years is as follows :
INCOME ACCOUNT.
1882.
1883.

for 1883, compared

earnings
Interest on bonds
Interest on car trust certilleates
Net

$331,000
35,835

$533,233
$277,000
25,500

1881.

$424,607
$592,000

$302,500
$259,000
$230,733
$163,583
$165,607
114, 447 ; V. 39, p. 209, 233, 324, 348. 381,
$366,835

Total interest

interest
562 ; V. 38, p.

Balance over
-V. 37, p.

$530,418

408, 43 4.)
Central of rttassucliiifcctts.—This company was organized Jan
10, 1883, by the bondholders who purchased the Massachusetts
at foreclosure s de Sept. 1, 1883. Road completed from B >ston to Jeffer¬
son, Mass.. 48 miles, and proposed to extend to Northampton with pro
coeds of $1,500,000 mortgage bonds authorized m 1884. (V. 37, p.
267, 321, 479, 533 ; V. 38, p. 293 ; V. 39, p. 209.)
Central of New Jersey.—Owns from Jersey City, N. J., to Pliil-

Central
202,

nranelies, 30 miles; leased and operated,
Pennsylvania, 201 miles; total
operated, 573 miles. The. principal leased lines in Pennsylvania are
the Lehigh A Susqiiehauua and the Lehigh A Lackawanna, with
their branches. Ac. Under the lease of 1883 to Philadelphia & Reading
the minimum rental of Lehigh A Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
after that $2,0 43,000. In February, 1877, the property was placed in
I he hands of a receiver, and on April 1, 1877, default was made on
consolidated mortgage interest.
Reorganization followed. Of the
$11,500,000 Lehigh A Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive interest after all other bonds
satisfied.
The Lehigh A Wilkesbarre Coal Company’s stock is
$8,700,000, and the company was taken out of receiver’s hands in March,
1882.
(See report in V. 3S, p. 738.) The Airier. Dock A Improvement
Co. is virtually owned by the railroad company, and the right exists to
purchase the bonds by lot at 110. The adjustment bonds are payable at
will. The 6 per cent convertible debenture bonds run positively till
1908, and were issued Oct., 1883, in exchange for the old income bonds
and overdue interest, and balance to pay floating debt and for better¬
lipsbnrg, N. J., 73 miles;

in

New Jersey,

269 miles, and in

are

ments, Ac.

miles of

completion.

Ac.—This was a consolidation (August 22,,
Pacific (organized Oet. 8, 1864), CaUfornia &

The Charter, Leases,

1870) of the Central

Oregon, San Francisco A Oakland, San Francisco A Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1802, granted
U. S. bond subsidies and lands to the Pacific railroads; the act of July,
1864, m ide the lien of the liovernment subject to that of the first mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
of the not earnings;
the other one-half of

the “Tuurman” act

of May 8, 1878, directed that

charges for Government transportation should be
withheld, and also that the company should pay 1 200,000 yearlv to
the Government for the sinking fund of its debt, or as much thereof as

plus the whole transportation
earnings for the year. The
and the terms of eaoh
The most Import¬
roads, which expire on Jan.

shall make the 5 per cent of net earnings,
account, equal 25 per cent of the whole net
leases are numerous and mostly for short dates,
in brief were stated in the Chronicle, V. 37, p. 47.
ant leases are those of the Southern Pacific
1 and Nov. 1, 1885, and will probably be renewed.

Bonds.—Prior to the current, year the following dividends
paid, viz.; In 1877, b per cent; 1880, 6 per cent; 1881, 0 ; 1*82, 0 ;
18*3,6. Prices of stock since 1879 have been: In 1880, 63^97*2; in
1881,80*2 a.l()27s; in 1882, 82:fe®97%; in 1883,61 &88; iu 1884 to Oct. 17,
30^67^. Most of the issues of bonds have sinking funds, as seen in
the table above, but these sinking funds are invested mainly in the Sou tlieru Pacific RR. bonds, and accumulate; and the bonds are not caUod in.
The company’s sinking funds amounted Jan. 1, 1884, to $6,931,044,
of which about $6,301,000 was invested in the Southern Pacific bonds,
The land grant bonds are retired with proceeds of land sales.
The State Aid bonds feU due Julv 1, 1884, and $1,000,000 were paid
off', and the balance ext> nded for four years.
The Land Grant.—The total land granted the Central Pacific and the
CaUfornia A Oregon companies was about 12,000,000 acres, of which
1,411,477 acres had been sold to Dec. 31, 1883, for $5,882,822 In
1883, 379,787 acres were sold for $880,860. Land contracts unhand,
$l,052,97o. Lands yet unsold, 10,588,523 acres.
Operations, Finances, Ac.—The Central Pacific Railroad has had a
strict monopoly of business iu the territory occupied by it, and even
in 1883, when five eastern routes are open from the Mississippi River, the
Central Pacific still controls every approach to 8au Francisco. The
principal questions bearing upon the company’s present and future
status are in regard to the effect or California laws regulating rates; the
Stock and

were

terms of lease of the
of the Cent.
Pacific than in the Central.
statement' of
balance of surplus
but deficit of $152,000, after paying Government

Government requirements for sinking fund; and the
So. Pac. road after 1885, as it is supposed that the managers
Pacific may have a larger interest in t lie So.
The dividend of August, 1884. was passed and the
income for six months was iu V. 39, p. 96, sho wing

road was taken out of receiver’s bands, and from earnings of $200,030,
99 years to the Philadelphia A Reading RR. Co. and sinking fund charges.
and interest on bonds. From 18/8 there were
For eight months from Jan. 1 to Aug. 1,1884, gross earnings were
no satisfactory reports of operations.
For twelve months Irom June 1, $14,385,503,
against $15,848,8 s4 in 188J; net, $3,916,007, against
1833, to June 1, 1884. gross receipts were $11,635, 49j; net, $5,346,544;
$5,594,105.
rental, $5,835,524; loss to P. A R. irom date of lease, $188,980.
The annual report is not issued till about seven months after the close
Tne following is a statement of earnings and expenses on all the lines
of the fiscal year. From the last one (in V. 39, p. 156) tho following is

In May. 1883, the
June 1, LS33, leased for
at 6 per cent on stock

operated in 1882:

1881

1882.

earnings
Operating expenses

$10,927,593
6,152,795

$11,312,296
6,221,225

earnings
Interest, rentals, etc

$4,774,798

$5,0.)1,071

Gross

Net

4,172,143

4,493,794

$602,655
$597,276
Interest on income bonds was not charged. See Lehigh A Wilksb. Coal
Co. report, V. 38. p. 733. (V. 36, p. 169, 312, 305, 527, 535, 574, 590,
623, 651. 707; V. 37, p. 22, 48, 98, 201, 233, 423, 480, 667 ; V. 38, p.
Surplus.

2S5, 595, 738.)
Central Oliio.—Owns

from Bellaire, Ohio, to Columbus, Ohio
137 miles. Chartered in 1847 and opened in 1854.
Reorganized in
1865. Leased to the Baltimore A Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
years perpetually.
In 1881-82 gross earnings, $987,401; net, $314,932;
rental, $345,590. Inl382 S3 gross earnings $1,103,839 ; net, $387,788;
rental, $386,314. The road between Newark A Columbus (33 miles) is
owned jointly with the Pittsb. Cin. A St. Louis KR. Co.
Central Pacific.—A large and complicated system of main line,
branches and leased roads, requiring a map in the Supplement to show




compiled:

INCOME ACCOUNT.

1881.

Total gross earnings
Receipts—
Net earnings
Interest on sinking funds
Cash from laud sales
Miscellaneous
Contract with W., Far. A

Co..

Total disbursements

$25,662,757

$24,744,421

$
9,514,673
262,500
420,000
20,000
592,656

8,560,991
281,260
711,000
20,485

574,000

$
8,094,150
335,125

7,236
9,010,511

3.503,292
3,556,530

3,546.591
3,556,530

2,407,781

2.538,680

2,334,006

9,538,623

9,437.127

$

paid

$

9,573,736
$
3,443,413
3,556,530

10,309.829

Total income
Dish u rsements—
Interest on debt
Dividends (6 per cent)
Land bonds redeemed and
U. 8. and sinking fund

1833.

1882.

$24,094,100

9,472,603

$

dof 426,610
New construct’n. imp’v.n’ts, Ac
$350,627
$1,549,103 $2,169,808
-(V. 37, p. 47. 189, 343, 447; V. 38, p. 479, 521, 540, 646; Y. 39, p. 3,
Balance,

21,47,96. 156. 157. 169.

sur. 1,337,226

sur. 35,113

181,202, 308,324,349. 421, 434.)

3Gv

/!24

RAILROAD

gSO|8obicrib«ri will

confer

a

STOCKS

AND

BONDS.

great favor by giving Immediate notice of
any error discovered In these Tables.

DESCRIPTION.
For explanation of column headings, <fcc.,
on first
page of tables.

see

notes

Charleston d Savannah— 1st M.. C. <fc 8.. guar
Funded int. bonds, 8. Sc C. RR., guar, by 8. Car...
1st mortgage, Savannah Sc Charleston RR
Charlotte Columbia d■ Augusta—1st mort. consol...
2d Mortgage

Columbia & Augusta 1st mortgage
Chartier8— 1st mortgage
Chesapeake & Ohio— Purck. money funding bonds...
1st mortgage, gold, series “A”
do

do
do
“B”
2d mortgage, cur. (interest in stock or
cash)
1st mortgage, gold, Peninsula Extension

1st mort., gold, on extension (for $3,000,020)
Equipment trust bonds
Ches. Ohio <& Southwest.—1st M., gold ($19,000
p. m.)
2d

mortgage ($11,000 per mile)

Paducah & Elizabetht’n, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,009,0001
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago <& A Iton—Common stock
Preferred st’ek (7 r>. e. y’rly not cumulative)
General mortgage, sterling, for £900,000
let mortgage
'
Joliet & Chicago, 7 per cent, stock
8t. Louis Jacksonville <fc Chic., 1st
mortgage
do
do
1st M. endorsed by C.& A.
do
do
2d M. endorsed by C. Sc A..
do

La. Sc

do

2d mortgage

Mo., let M. ($439,100 assumed by C. &A.)
do
2d mort. (int. guar. C. Sc A.)

do

guar.

fvoi,. xxxix.

pref. stock

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
101
-

-

-

.

101
191
191

....

....

353
353
186
....

100 Sec.
500
500 etc.

1872

1,000

1871
1878
1878
1878
1878
1881
1882
Var.
1881
1881
1877
1882

64
....

850
850
322
220
38
150
37
37
150
101
101
....

$500

1865

....

23
428
503
428
428
75

1853
1868
1869
1869

....

’76-’78
.

.

_

.

1873
1863
....

1864
1864
1868
1868
1870
1877
....

1,000
1,000
1,000
100 &c,
100 See.

1,000
1,000

INTEREST OR DIVIDENDS.

Amount

Outstanding

Rate per
Cent.

$505,000

6
7
7
7
7
7
7
6
6
6
6
6
6
6

111,800
500,000

2,009,000
500,000
189,500
500,000
2,350,000
2,000,000
15,000,000
10,122,500
2.000,000
42,000

*

1,000

1,014.000

1.000

6,070,000
2,124,400

5-6

500.000

6-8

1,000
1,000

1,000
100
500 &c.
100
100

1,000

1,000
100

1,000
1,000
1,000
1,000
1,000
1,000
100

g.
g.
g.
g.
g.

6

^

1*2

809,000

6
2
2
6 g.
7-

14,181,000
3,479,500
4,379,850
2,383,000
1,500,000

1%

2,365,000

7
7
7
7
7
7

564,000

188,000
360,000
1,854,000
300,000
262,100

Where Payable, and by
Payable
Whom.

Stocks—Last
Dividend.

M. &
M. A

6

421,000
2,100,000

Bonds—Princi¬
pal,^When Due.

When

3*2

S. Charleston, 1st Nat. Bk.
S.
New York.
J. Sc J.
do
J. Sc J. N. Y., Nat. Park Bank.
A. Sc O.
do
do
J. & J.
do
do
A. Sc O.
Philadelphia, Penn R.R.
J. & J.
N. Y.,Fisk & Hatch.
A. Jr 0.
do
do
M.
N. N. Y., Company’s office.
J. Sc J.
do
do
A. ifc O.
N. Y., Fisk & Hatch.
J. Sc D.
do
do
Various N. Y., Company’s Offloe.
F. & A. N. Y., 52 Exch’ge Place.
F„ Sc A.
do
do
F. Sc A.
do
do
J. Sc J.
do
do
J. & J.
Keene, N. H.. Office.
J. & J
Boston. Office.
Q -M. N. Y., John Patou Sc Co.
do
do
Q—M.
J. & J.
Lond’n,J.S.Morgan&Co.
J. Sc J. N. Y., John Patou &Co.
N. Y. U. S. Trust Co.
Q.-J.
A. <fe O. N. Y., John Patou &Co.
A. & O.
do
do
J. & J.
do
do
J. & J.
do
do
F. Sc A.
do
do
M. & N.
do
do
F. & A.
do
do

March 1, 1877

Sept. 1, 1899
Jan. 1.
Jan. 1,

Jan.

Jan.
Oct.

July
July
July
July

1,
1,
1,
1,
1,
1,
1,
1,
1,

1889

1895
1910
1890
1901
1898
1908
1908
1918
1911
1922

Jan.
June
Various.
Feb. 1, 1911
Feb. 1, 1911
Feb. 1, 1897

Yearly to 1892
July 10, 1884
July 1,’96&’98
Sept. 1, 1884
Sept. 1, 1884
July 1, 1903
Jan.. 1893

Oct., 1884
April, 1894
April 1. 1894
July, 1898
July, 1898
Aug., 1900
Nov. 1, 1900
Aug. 1, 1884

1

KCharleston Sc Savannah.—Owns troni Savannah,
Ua., to Charles¬
ton Junction, S.C., lot miles;
operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 115 miles.
This was
first the Charleston & Savannah Railroad;
reorganized in 1866 under
name of Savannah Sc
Charleston, and opened March, 1870. Sold in
foreclosure June 7. 1880. and present company
organized.
8tock,
$1,000,00'. Earnings in 1880-1, $301,570; deficit. $11,310.
Earnings
in 1881-82, $387,956;
deficiency, $73,160. Gross in 1883,
deficit, $7,526. H. B. Plant, President, New York. (V. 37, $406,316;
p. 555.)
Charlotte Columbia Sc Augu*ta.-(.S’ce
<£• Danv.)—
Map
Richm
Owns fromCharlotie, N. C., to Augusta, Ga., 191 miles.
Leases Atl. Teun.
Sc O. RR., Charlotte to Statesville, 44 miles; Cheraw &
Chester, 29 miles;
and
Sc

Organization, Leases, Stocks

Bonds.—Chartered as the Chic.
reorganized under act of Jau. 21, 1857, as
of Feb. .16, 1861, the
present
corporation succeeded to the property, which was sold under
fore¬
closure in the following year aud transferred to
new organization in
October, 1862.
Chicago and St. Louis were connected by the present
line in 1864. The annual
meeting is held the first Monday in April.
The Joliet & Chicago is leased from
January 1, 1864, for the
term of its charter, and forms
part of the main line.
Rental, 7
per ceut on stock.
The St. Louis Jacksonville Sc
Chicago was
leased in perpetuity from April
30, 1868, at a rental equal to 40 per
cent of gross earnings until the amount’
reached $700,000, with a mini¬
Chester
Lenoir, 90 miles. The Charlotte Col. & Aug. was a consoli
mum of $240,000
a jrear. aud the
company iu 1884 was mergod with
dation (July 9,1869) of the Charlotte & South Caroliua and
the Columbia Chicago Sc Alton and its stock exchanged for C. & A. stock.
(See V. 38,
& Augusta. The road has been under the control and
management of p. 455.) The Louisiana 6c Missouri River RR. is leased for 1,000
the Richmond Sc Danville since 1878.
years
Gross earnings in
1881-82, from August 1, 1870. Rental, 35 per cent of gross earnings, but inter¬
$601,624; net, $181,993; in 18*2-83, gross, $702,841; net, $279,073. est guaranteed on second
mortgage bonds and preferred stock as
After payment of interest and loss on leased roads the
surplus income above; the other preferred stock is $1,010,000 aud common stock
was $33,247. Stock, $2,578,000. (V.
37, p. 98, 555, 667; V, 38, p. 38 7.) $2,272,790. (See its report in V. 36, p. 535.)
The Kansas City 8t.
Louis
Chartlers.—Owns from Mansfield, Pa., to Washington,
Chicago is leased to the Chicago Sc Alton company iu perpetuity
Pa., 23 m. from Nov.
Sold under foreclosure, and
1,
at
a rental of 35 per cent of
1877.
gross earnings, less taxes
reorganized in 1871. Leased for 99 years and assessments. The
from January 1, 1872, to the
ooiuls are held by U. S. Trust Co. as
Pittsburg Cincinnati Sc St. Louis': the the C.
security for
rental is net earnings. Gross earnings in 1882,
Sc A., bonds of 1878 issued to build this
road, and a sinking fund of
$120,022; net income.
$60,000 per auuuin provided for their redemption. Should
tile 35 per
net
$52,449. cent be more than sutficient to pay bond interest and 7 per
apital stock, $647,850.
ceut on
the stock, the excess is to
go to the lessees. The Mississippi River
Chesapeake Sc Ohio.—Owns from Newport News, Va., to Big Sandy is leased in
Bridge
perpetuity from December 3, 1877, at a rental of $63,000, to
River., W. Va., 504 miles; Newport News to Phoebus, 8
miles; coal be applied in payment of 7 per oent on $200,000
stock,
aud
6
branches, 8 miles; total operated, 520 miles. Consolidation of Virginia $700,000
per oent on
bonds.
Central and Covington Sc Ohio, and opened through March
1, 1873. The
The Chic. & Alton preferred stock has
prior
right
to
a
present corapai?)* was organized in July. 1878, as successor of the Ches
noil-cumulative
not exceeding 7 per ct. from net
<fcO., which was sold under foreclosure April 2,1878. The ELizabeth dividend
and (after payment
of 7 on common) also shares with commonearnings,
iu
Lexington Sc Big Sandy Railroad connects on the west with the Chesa¬
any surplus.
Prioes of
stock have been as follows:
Preferred iu 1881, 140® 153; in 1882,
peake Ohio & Southwestern, and the Kentucky Central road is oon
130®
146;
in
1883,140®150;
in
18<-4
to
Oct.
ti oiled in the same interest.
17, 142® 152. Common in
1881, 127® 156; iu 1882, 1271g®1451:3; in 1883,
The stocks outstanding were as follows after Jan.
128S137H; in 1884 to
1, 1884: Common, Oct. 17. 118® 140 >4$15,312,276; preferred stock—first, $8,306,788; second, $9,169,056. The
Dividends
were
as
follows
second mortgage currency bonds till
prior to the current year : In 1877, both
July, 1884, took interest in second
preferred stock, then for two years partly iu that stook aud partly cash, stocks. 7*2; in 187.6, both 7; iu 1879, preferred 7, common 6; in ibeu,
7,
com.
pref.
6*2
; in 188 t both 8; in 1882 both 8 ; in 1883 both 8.
and afterwards all cash, if the earnings are
sutHoient but “ all interest
not paid in cash to be paid in second
Operations and Finances —The Chicago Sc Alton road has been
preferred stock.” The cash inter¬
est chargo will be in 1881 about
ticularly strong in having a large local business between Chioago par¬
$1,344,300; in 1835, $1,544,300; in St.
and
Louis, so that it was less dependent on through business, which is
1886, $1,644,300; In 1887, full interest, $L,944,300.
The mortgage
bonds of 1882 for $3,000,000 are secured ou road
done
at
competitive rates. Its leased lines are as completely controlled
from Newport News
as if owned, and the
to old Point Comfort, Va., and terminal works
system is oompact.
; and on a branch
to be built in West Va. from Scary Creek to the Ohio
Annual report for 1883 in Chronicle, V.
River. First pref.
38, p. 227. had the follow¬
stock has prior right to 7 per cent from
surplus; theu 2d pref. to ing: “From one-fl th to one sixth of the gross earnings from freight
traffic
receive. 6 per oent.
The Ches. Sc Ohio guarantees $7<>0,00’> bonds for a
during the last three years has been received for
transporting
farm products of all kinds
grain elevator, but in oase of paying them will take the elevator.
shipped at local stations, aud during the
last
Gross turnings lor < iglit months of 1884 from Jan 1 were
year the gross earnings from that description of tratHo amounted
against $2,513,813 in 1883; net. $702,773, against $834,145.$2,380,331, to about one-eighth of the total gross earning* of our lines The agree¬
The annual report for 1683 was iu V. 3*.
ment
relative to the *t. Louis Jacksonville &
p. 593.
Chicago Railroad,
Earnings and ex¬ as perproposed
the terms of a circular a 'dressed to the stockholders of our com¬
penses were as follows iu 1881, 1882 aud 1883:
Years.
Gross Earnings. Op’g Expenses. Net
pany und r date of April 19. 1883, is not yet concluded. The written
Earn’gs. consent <»f more than
1881
three-fourths in interest of e ich class of our
$2,705,343
$2,267,403
$437,910
shareholders was given in response to the circular; but it has been
1882.....
3,334,976
2,302.448
coa1,032,528
si iered nest that the agreement, if concluded
1883
3,906,791
2,599,933
(as we hope it will be),
1,306,858 shall be executed on the
part or the St. Louis Jacksonville Sc
-(V. 37. p. 266, 640; V, 38. p. 202, 359, 508, 582, 593,
Clrcago
595; V. 39, p. Railroad Company, in pursuance of
authority conferred upon its officers
181, 196, 264.)
b the skarehold< rs of that
company, acting at an annual meeting con¬
Chesapeake Ohio Sc Southwestern.—Owns from Elizabethtown vened in pursuan e of the term*
of the charter of that
company. Their
Ky., via Paducah, to Memphis, Teun., 353 miles; leased, Ceoilian branch next annual meeting will be held in
April of the present vear.
of L. Sc N.f 45 miles. Total
operated, 398 miles. This road forms the
Operations, earnings. 6w.f have been as follows for four
years past.
western couueetimi of the Chesapeake 6c Ohio aud the
Lexington Sc Big Fiscal year ends Dec. 31.
Sandy. The company purchased the Memphis Paducah 6c Northern—
OPERATIONS
AND
FISCAL RESULTS.
Paducah to Memphis—and the Paducah 6c
Elizabethtown, subject to the
Operations—
I860.
1881.
1882.
$500,000 mortgage on the latter, and leased in perpetuity
1883.
Cecilian
the
Passengers carried
1,203,549
Branch of Louisville 6c Nashville, from Louisville to
1,495,606
1,666,991
1,805,140
Cecuian Juuclion,
Passenger mileage... 78.270, >e»5 92,847,161 101,150,959 106,02^,070
for $60,000 per annum, with
option of purchasing it. Stock—Common, Rate
2-076 cts.
$ pass. $rmi!e
1*828 cts.
1*951 cts.
2* 141 cts.
$6,348,000, and preferred, $3,696,000. Gross earnings for
1883
year
Freight itous) moved 3,0 71.788
3.275.0)4
on 398 miles, $1,322,455 ; net.
3,522,810
3.488,496
$276,726. P iym mts—Ron’als, $60,000;
Fr’ght(tns) mileage* 481,474,730 447,<'09,977 474,823 908
Interest on bonds, $335,280; interest on floating debt.
$24,595; total Av\rate $ ton $ mile*
1*206 cts.
1*2 41 cts.
1 *2ol cts.
1*128 Cts.
payment*, $419.874; deficit, $143.146. Gross earnings for
eigut months
Earnings—
$
of 1*84 from Jan. 1 were
$
$
e
$842,513, against $784,24L; net, $165,055, Passenger
1,624,668
1,697,542
1,973,100
against $147,296. (V. 37, p. 446; V. 39, p. 18 l. 264.)
2,270,379
Freight
5,^0^484
9
5,540,8
5,94*, 123
6,197,081
bvCheshlre.— Owns from South Asliburuhatn, Mass., to Bellows Mail, express,
&c
254,073
313,329
294,271
342,550
Falls, Vt., 54 miles; leased, Monadnock Railroad, Wiuchendou to
Peterboro, N. H., 16 miles; ami 10 miles Vermont Sc Mass; total 80 Total gross earnings.
7,687,225
7,557,740
8,215.49 4
8,840,010
miles; but the Monadnock, 16 miles, is not included iu the Cheshire Operating expenses
4,001,824
4,119,713
4,185,081
4,879,958
earnings, leaving 61 miles operate!.
$51,090 rental paid to Vt. &
Mass, for leased portion of road. Capital stock—
Net earnings
common, $53,300, and
3,625,401
3,408,027 ’ 3,729,01*1
3,930.052
preferred, $2,loO,OOU. Gross earnings in 1881-82.
$»25,07.5; net iu- P.c. of op.exp. to earn
52*82
54*90
54*60
come, $114,201.
In 1882-83, gross $* <4,524 ; net,
55*38
$107,226; interest,
$48,090; dividends, *03,009; deficit, $3,773.
TNCOME ACCOUNT.
1889.
1881.
1882.
1883.
■Chicago Sc Alton.—Lise of Road—Joliet to East St. Louis
$
$
(mam), 244 miles; Branches—To Coal City, 30 miles;
$
$
Total gross earnings.
Dwight
to
7,687,-225
7,557,740
Washington & Lao’n, 80 miles; Roodhoiise to Louisiana, 38
8,215,494
8,810,610
Set receipts—
miles;
Upper Alton Line, » miles. Total owned, 400 miles. Leased—Chicago
NTet earnings
to Joliet, 37 miles;
3,625,401
3,408,027
3,729,613
3,930,652
Bloomington to Godfrey. L50 miles; Louisiana Other
receipts
to Cedar City, 10L miles; Kansas
209,505
332 547
306,791
284,773
City to Mexico, 162 miles.
Total
leased, 450 miles. Total operated, Dec. 31, 1882, 850 miles.
Total
3,894,906
3.714,818
4.062,160
4,215.425

S36,818; in 1883,




gross earnings, $150,403;

Sc Miss., Feb. 27,
Chic. Alton St. &

and

1847;

Louis, and under act

income,

„

'

..

.

....

.

RAILROAD

October, 1884]
Subscribers will confer

a

explanation of column headings, Ac., sec notes
on first page of tables.

Chicago & Alton—'Continued)—

Bonds for K.C.St.L.A C. (1st rnort. as collateral).
Preferred stock do
guar. C. A A
Common stock
do
C. A A. bonds on Miss. Riv. Bridge, 1st mort., gold

Chicago dk Atlantic—1st mort., gold
2d mortgage (for $5,000,000)
Chicago Burlington <6 Quincy —Stock

Bonds Den.Ex.(Rep.Val.and B.&Col.bdspledged)
Plain bonds (s.f.l p.c.) for K. C. St. J. A C.B. stock
Debenture bond* for Han. A St. Jo. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fimd $13,860 per year)-Dixon Peoria A Hannibal, 1st.
Ottawa OswegoA Fox Riv., 1st I Coup., but may
Illinois Grand Trunk, 1st mort

j be registered.

.

v

.

’ds for St. L. R. I. A C. (sink, fund $50,000) coup.

§url.A
uincyMo.
Alton
A St.
mortgage,
Riv.,
1st Louis,
r’d 1st
A 400.000
ac’s guar
I’d ) Cp.
on

do
1st M. on br.,C.B.AQ.stk.(5tli ser.) > or
do
Conv. bonds. C.B.AQ.stk.(6tli ser.) ) reg.
Burl. &Mo. consol.M.for $14,000,000, s.f. $30,000
do
Omaha A S.W., 1st M., guar.
Bull. A Mo. bonds, s. f. for Atcli. A Neb. RR. stock
Nebraska consol, mort., guar

Republican Valley RR., sink, fund bonds
Atchison A Nebraska. 1st mortgage

1881.

1880.
Disbursements—
Rentals paid

$
1,067,991

Construe’n,equip.,Ac
Interest on debt
Taxes.
Dividends
Miscellaneous
Jol. A Chi. b’ds red’d.

771,360
147,418
854,359
132,743

Miles Date
of
of
Road. Bonds

BONDS

162

1878

....

....

100

1,000

249
249

1880
1883

1,000

825
740

1873
1879
1882
188!
1883
1860
1864
1872
1875
1869
1870
1870
1870
1876
1876
1863
1869
1870
1878
1871
1880
1877
1879
1878

$
1,096,995
431.644
762,001
171.662
1,077,976

232,510

....

....

100
96
....

33
40
70
44
40
270
46
281
40
....

191
49
....

133
148
149

1882.

1,000

1,000

1,000
1.000

$2,732,000
1,750,000

6 g.

271,200
692,000
6,500,000

7-40
6
6 g.
6
2
7
4 A 5
4
4
5
4 g.
7
7
5
8
8
8
8
5
5
7
8
8
6
8
4
7
6
7

9,000,440
541,000
653,000

....

....

1,000
1,000

547,500
378,000
545,500

500 Ac.

1,000

1,076,000

500 Ac.

890.500

1,000
1,000
1,000

720,000

2,325,000

50 Ac.
500 Ac.
500 Ac.
600 Ac.

840,000
4,170.550
73,500
158,500

11,703,000

1,000

675.000

1,000
1,000

3,347.000
392,000
939,000

1,000
100 Ac.

$
1,208,277
710,759
700,544
217,074

1,191,184
86,963

*306.000

Chicago Burlington Sc Quincy.-Linje ok Road.—The C. B. A
Q. is one of the most complex railroad systems in the United States. Its

network of lines in Illinois, Iowa and Nebraska could only be shown in
the Supplement by a map. The main line extends from Chicago, Ill.,
to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver. Col., 577 miles, making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & C.

B.), making the C. B. A Q. line, Chicago to Couucil Blufls. 498 miles.
TheExtens. to Denver was opeued May, 1882. Besides numerous local
roads the company also has its line in Illinois to East St. Louis, and to
B. A Q.
connecting
with the
Hannibal
road
(purchased
by
guincy,
Sc Joseph.
St. JosephTiie
to St.
in 1883) across
Missouri
mileage
reported

1*2

4,300,000

1,000
1,000

1883.

1.125,000

3.322.
In addition to this the company con¬
trols and largely owns the St. Louis Keokuk A N. W. road, 181*2 miles ;
the Kansas City St. Joseph & Council Bluff's, 313 miles; the Chicago

M. A N. N.Y., Johu Patou A Co.
do
do
Q.-F.

changed April 1, 1882, into Chicago Burlington A Quincy stock.

The

Kansas City St. Joseph A Council Bluff's aud branches was
purchased,
254 miles, and the Chic. Burl. A
Q. 4 per cent bonds duo Sept. 1, 1921,
issued to pay for it. Enough of tne C. B. A Q. consolidated
mortgage
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rook
Island A Chicago Railroad are plain bonds of Chic. Burlington A

Quincy,

offset by mortgage of like amount on St. Louis Rock Island A Chicago
road deposited With trustees. There are
sinking funds for most of the
issues of bonds.
obtained by the consolidations with
and Burlington A Missouri in Nebraska.
In Iowa only 21,175 acres remain unsold, and the contracts outstand¬
were

Burlington A Missouri in Iowa

ing Dec. 31

were for $1,022,932.

In Nebraska the total quantity re¬

ceived under the grant was 2,365,864 acres, of which there had been
sold to Dee. 31, 1883. 2,183,448 acres, for $11,130,313, an
average
price of $5 09 per acre.
The net sales for the year 1883 were 150,841




Feb.

Chic.. Ill. Tr. A Sav. Bk.
Y., John Paton A Co.

M. A N.
F. A A.

Q.—M.
J.

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

A.
F.
M.
M.
J.
A.
J.
J.
J.
J.
A.
J.
A.
F.
A
J.
J.
J.
J. A
J. A
A. A
J A
M. A

J.
0.
A.
S.
N.
J.
O.
J.
D.
J.
J.
O.
J.
0.
A.
0
J.
J.
J.
P.
J.
O.
J
8.

t!)
Oot. 1, 1912
Nov. 1, 1920

New York A London.
N. Y., Erie RR. Offioe
N. Y., Bk. of Commerce.
do
do
do
do
do
ao
do
do

Aug. 1, 1923
Sept. 15,1884
July 1, 1903
Oot. 1,
Feb. 1.

1919
1922

8ept. 1, 1921

May 1, i913
July 1, 1890

Frankfort.

Oot.
Jan.

N.Y., N. Bk. of Com’rce.

1, 1890
1, 1893
June 1, 18»5

Boston, Co.’s office.
do

1, 1903
1, 1884

do

N.Y., N. Bk. of Com’rce.

July 1, 1889
July 1, 1900
Boston, C. B. A Q. Office Oot. 1, 1890
N.Y.,N.Bk.of Comm’rce July 1, 1890
Oot. 1, 19ol
Boston, Co.’s Office.
New York and Boston.

Feb.
Oot.

N.Y.,Farmers’ L.A T.Co.
do

1,
1,
July 1,
July 1.
July 1,

1896
1893
1894
1889
1918
June i, 1896
Jan. 1, 1910
Oot. 1, 1896

do

Boston, Co ’ft Office.
do
do
do

do
do
do

Boston, N. E. Trust Co.
Boston, Co.’s Offioe.
do
do

do
do

Jan. 1, 1919
Mar. 1, 1908

for $690,672, an average price of $4 57 per acre. Cash
receipts lor the year 1883 were $1,654,369. In the assets are: Con¬
tracts on hand, $3,720,084; interest on coutraots on hand, $724,267;
unsold lands, 182,415 acres, estimated at $t per aoro, $729,661.
Operations and Finances.—The Chicago Burlington A Quinoy Rail <4
road has been one of the most profitable in the
country, as its numerous
branches tributary to the main liue were built into choice agricultural

territory, where they enjoyed a monopoly of the local business at full
rates. Receutly the company has greatly extended its lines and in¬
creased its stock and bonds, hut the latter only at 4 to 5 per cent inter¬

est, since it could borrow at the lowest rates.
The result of the
extension to Denver, the purchase of Hannibal A 8t. Joseph, and other
extensions remains yet to he fully determined.
Tho company gives
no full traffic statistics in its report, and the
mileage of freight aud pas¬
sengers is not known; but corn is by far the most important single
article carried, and in 1880 the road brought to Chicago over 40,00(),u00

bushels, but in 1882 (after the

corn

bushels.

failure of 1881) only 15,000,000

For eight mouths from Jan. 1 to Sept. 1, 18'4, the gross earnings were
$15,798,715, against $15,725,032 in 18s3; net, $7,130,779, against
$7 465,098 iu 1883.
The annual report for 1883 was published in the Chronicle, V. 38, p.
422, 477. Comparative statistics for four years are as follows;

Miles ow’d and leas’d
Miles oper’d jointly.
Total

operated..

1880.

1881.

1882.

1883.

2,675

2,826

3,131

3,224

97

98

98

98

2.772

2,924

3,229

3,322

EARNINGS AND EXPENSES.

1880.

1881.

1882.

$

3,534.209
16,051.107

$
3,616,086
16,595,819

903,x 41

1,112,245

15,711,510
1,534,802

20,492,047
9,804,494

21.324,150
11,066,511

22,003,304
11,283,963

2'>,llo, ->69
13.496,479

10,687,553

10,257,639

10,719,5-41

12,61 3,892

$

Earnings—
Passenger
Freight
Mail, express, Ac
Total

gross

Operating

earnings.

^expenses

Net earnings

1883.

4,756,992

$
5,285,839
19,514.161
1.310.'-<69

INCOME ACCOUNT.

1880.

miles ; and a half-interest with Wabash in the Humestou A Shenandoah

107® 127%.
The C. B. & Q. on many of its branch lines gave a traffic guarantee of
40 to 50 per cent, which was used in purchasing their bonds. The C. o
& Q. 4 per cent bonds were issued against Rep. Valley and Bur. ce Col.
5 per cent bonds held in trust, aud an equal amount of Rep.
Valley stock
scrip was also issued to subscribers to the bonds, such scrip being ex¬

May

A. A O. N.

Burlington A Kansas City, 153 miles; the St. Joseph & Des Moines, 50
road, 113 miles. Also owns a majority of the stock of Hannibal A St.
Joseph Co., purchased in 1883.
Organization, Ao.—TheC. B. A Q. was a consolidation in 1856 of the
Chic. A Aurora and the Cent. Military Track railroads, and purchased
m 1860 tire Northern Cross RR. and in 1862 the Peoria &
Oquawka road.
The present company was a consolidation in January, 1875. of the
Chicago Burlington A Quincy in .Illinois and the Burlington A Missouri
River in Iowa.
In 1880 the Burlington A Missouri in Nebraska
was
absorbed.
The leased lines are practically owned aud there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above mentioned is in the
stocks aud bonds thereof, and their accounts are kept separate (701
miles in all), and in the balance sheet the eost to C. B. AQ. is put down
as $25,693,287.
In April, 1883, the Chicago Burlington & Quincy pur¬
chased of Mr. Jay Gould and others the common stock of the Hannibal
& 8t. Joseph Railroad at the price of about 45, and part of the preferred
stock at par. and paid for ihese with its$9,000,000 of 5 per cent bonds
at par. The fiscal year ends Dec. 31. Annual election in April.
Stocks and Boni s.—Tfie stock has been rapidly increased for the
acquisition of new lines, and in 1880 a distribution of 20 per cent in
stock was made.
In April, 1884, about $7,005,000 new stock was
offered at par to old stockholdei s, being about 10 per cent on holdings,
and the lull amount is included in table above. See V. 38, p. 455. Prior to
the current year dividends w»-re:
In 1877, 9 per cent; in 1878,
10*2; in 1879, 8 ; in 1880, 9*4 cash, and 20 stock; in 1881, 8; in 1882,
8; in 1883, 8.
The prices of stock have been; In 1881, 1 33*2®
1828i; in 1882, 120*2® 141; in 1883,1154i®12938; in 1884, to Oct. 17,

Stocks—Last
Dividend.

acres,

.

at the close of 1883 was

Duiuis—r*rmol-

pal,Wlien Due,

Rate per When Where Payable, and by
Cent.
Whom.
Payable

2,500,000
79,055.000
13,986,000
11,294,000
7,968,000

100

$
1,127,534
71,221
761,122
198,621
1,083,080
'
97,910

Outstanding

$1,000

1877

....

Amount

Par
Value.

Total disbursem'ts.
3,772,788
2,973,871
3,645,518
4,147,801
Balance, sur. ordef.. 8iir.921.035 def. 57,970 sur.416,642 sup. 67,624
-(V. 37, p. 127,448; V.38,p. 215, 226, 455, 508 ; V. 39, p. 202.)
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, O., on
line of N. V. Pa. A O., to Hamiuoud, Ind., 249 miles, and thenoe over
the Chicago A West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. A. O. and N. Y. L. E. A W., and both these companies guaran¬
tee the gross earnings on business over their roads to and from the
Chic. A Atlantic, as security for interest on the bonds. Stock, $10,u00,*
000. of which $9,000,000 is deposited with II. J. Jewett, President of
N. Y. L. E. A W., in trust to hold and vote on it.
(V. 37, p. 22; V. 38, p.
229, 247.)

Land Grant.—The lauds

29

INTERE8T OR DIVIDENDS.

Size, or

....

Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa, lines,coup.or reg.(s.f. 1 *2p.c.)

uincy & Warsaw, 1st mort

AND

great favor by giving immediate notice of any error discovered In these Tables, wriJEg

DESCRIPTION.
f or

STOCKS

hecei/its—
Net earnings
Int. and exch
Net B. A M. I’d

$
10,719,341

899,315

1.170.437

11,586,868

11,428,076
$
310,668

1,329,725
12,049.066

$
203,006
3,282,718
4,366,064
9*4

Dividends
Rale of dividends...
Carried to sink’g i’d.
Transi’d to reu’al f’d.
Total disbursements

Balanoe, surplus.

1882.

$
10,257,639

gr’t..

Total income
Disbursements—
Renta) 8 paid
Interest on debt

1881.

$
10,687,553

563,385

1883.
$

12,613,890
324,180
1,595,788

14,533.858
$

3,430,454

148,771
3,883.789

4,349,286

5,023,599

144,506

4,093,005
5,566,484

8

8

687,246

631,443
750,000

1,500,000

10,437,602

11,950,425

1,611,464

2,583,433

1,250,000

1.000.000

9,665,173
1,921,695

9,777,654
1.650,422

8
646.430

general baj^ance at close ok each fiscal year.

Assets
$
$
$
$
Railed, equip’t, Ac.. 109,596,188 117,527.014 133,493,121 136.729,911
Stocks owned, cost..
4,540,668 10,581,938 19,318,243 *25.583,069
Current accounts...
3.520,158
2,641,433
2,988,015
8,340.313
Materials, fuel, Ac..
2,074.740
1,295,190
2,575,996
1.584,042
Cash on hand
1,605,278
1,781,127
2,846,660
2,221,842
Trust’s B. A M.l’dgr.
2,223,110
2,440,237
3,137,995
3,741,544
Trust’s C.B. A Q. s.1'd
1,284,007
1,631,407
285.642
197,714
N.Eng.Tr.Co., trust’s
560,207
840,768
1,255,133
1,702,724

Miscellaneous

18.503

Total
Liabilities—

125,404,356 138,739,054 165,831,380 180,214,307

Stock, common
Stock, B. AM
Stock. Rt-publ’n Val.
Bonds (see Sufp’m’t)
Sinking funds

Contingent liabilities
Land grant sink. I’d.

..

Income account
Renewal fund
Miscellaneous
Profit and loss

Total

25,220

$

$

$

52,773,940
74,256

55,263,790
73,657

69,578,340
71,356

71,869.840
71,406

44,093,925
3,953,735

51,927,725

10,324.800
2,790,370

7,195,000
3,419,844

62,421,050
4,6.7,071
6,227,000
4,023,105
6,652,788

71,384,491
2,897,131
6,024 OoO
4 726.395
9,236,223
6,500,000
J 1,660,608
5,844,213

$

1,565.000

119,419
3,250,600
2,720,704
3,738,207

4,766,661
1.769,837

4,250,000
t 5,381,174
4.691,366

5,600,000

1.352,622
5,888,018

125,404,356 138,739,054 165,831,380 lo0,214,307

*

Includes Han. A St. Jos., Kan. C. 8t. Jos. A C. B., Hume. A Shen., St.
J. A Des. M., Ch. B. A K. C.t St. L. K. A No W , aud others.
t Includes subscription under circular of Sept. 15, 1881, $1,973,750;
and local aid and voluntary contributions, $1,244 311. Ac.

j Includes unclaimed dividends, unpaid acoounts. pay-rolls, Ao.. Ao.
—(V. 37. p. 234, 266, 401, 610, 687; V. 38. p. 29,87, 202, 401, 422, 455,
468, 477, 479, 551, 659, 678; V. 39. p. 33, 47. 141. 157, " j, 2l5. 264,
.

394,4os *ar

bat

-

w

Subscribers will confer a great favor by giving

explanation of column headings, &c., see notes
on first page of tables.

Chicago Burlington <£

Miles
Date
of
of
Road. Bonds

Quincy— (Continued)—

72
274
62
67
59
302
123
123

Lincoln & Northwestern RR. bonds
Kansas City St. Jo. & C. Bl., mortgage
Tafkio VaL and Nodaway Val. mortgages

Chicago & Canada Southern— 1st mort., gold
Chic. Detroit dk Canada Or. Trunk Junction—1st M.
Chic. & East. III.—Stock

lstj M„ coup. (s. f. $20,000 after ’85)

2d inort. income (non-cumu.) conv.

into consol...

Consol, mort., gold (for $6,000,000)
C. *E. Ill. Extension, 1st mortgage
Dan.

14
12
330
330
66
80
80

Grape Creek RR.—1st mortgage

Chicago dk Grand Trunk—let mortgage, $ and
2d mort. for $6,000,000 ($4,500,000 are reserved)

*

Northwest. Grand Trunk, 1st mort
Chicago dk Iowa—let mort., coup., may be reg...
2d mortgage

ChicagoMilwaukee dk St. Paul—Com. stock

Preferred st’ek (7 p. c. y’rly, not cumulative)—
Consolidated mortgage (for $35,000,000).
1st mortgage (Lacrosse Div.), coup, or reg.
2d mort. (Lacrosse Div.)
1st mort. (Iowa & Minn.)

mortgage (Minnesota Central).
mortgage (Iowa & Dakota)....
1st M.,Ia.&Dak.Ext. ($15,000 p.m.)
1st mortgage (Prairie du Chien)...
2d mortgage (Prairie du Chien)...
1st
1st

Milwaukee & Western
St.P.&C.lst M.(Riv. D.)$&£(conv.)
1st mortgage, Hastings & Dakota.
1st M., Chic. <fc Mil. Hue
>

BONDS

[Vol. XXXIX,

immediate notice of any error discovered in these Tables.
Bonds—Princi

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

AND

RAILROAD STOCKS

26

4,720
4,720
1,435

Coup., but
may be
registered
by end’rse-

370
370
230
49
126
234
195
195

meut.
130
'75
85

1880
1877
1830
1872
1859
•

•

•

1877
1877

T884
1881
1880
1880
1882
1880
1870
1871
*

1875
1863
1864
1867
1864
1869
1878
1868
1868
1861
1872
1872
1873

Size,

or
Par
Value.

Outstanding

$...,
1,000

734,000

1,000

2,541,000
1,095,000
3,000,000

100
100
100 &c.
100 &c.

3.000,000

500 &c.

5,386,484
5,864,000
613,516

1,000
1,000

600,000
1,150,000

100
100

30,904,261
16,540,983

1,000
1,000
1,000

11,083,000

5,279,000
387,000
3,201,000
123,000
541,000
3,505,000
3,674,000
1,241,000

1.000

1,000
1,000
1,000
1,000

1,000
1,000
1,000

per cent, $43,800, deficit, $79,858. Capital stock, $978,984. The road
is owned by the lessees, but a separate organization is maintained in

Michigan.

Chicago 6c Eastern Illinois.—Owns from Dolton, Ill., to Dan¬
ville, Ill., 107*2 miles; Covington, Ind., to Coal Creek, Ind.. 10*2 miles;

-

215,000
3,804,500
89,000
2,393,000

1,000

in 1883,'$313,730; net,
$29,642; paid interest, $65,700, and dividends, semi-annually, each 2

!

250,000
250,000

1,000

Junction,—Owns from
miles. Opened in 1859.

7

1,500,000’

£100 &c

& J.
& J.
& D.
7
7 g. A. & O.
6
J. & J.
M. & S.
3
6
J. & D.
7
Dec.
6 g. A. & 0.
J. & D.
6
M. & N.
6
6 g.~ J. & J.
5
J. & J.
6
J. & J.
8
J. & J.
8
J. & J.
A. & O.
3*2
A. & O.
3*2
7
J. & J.
7
J. & J.
A. & O.
7
7
J. & J.
7
J. & J.
7
J. & J.
J. & J.
7
F. & A.
8
F. & A.
7-3
J. & J.
7
7 g. J. & J.
J. & J.
7
J. & J.
7
J.
J.
J.

7

768,808

1,000
1,000
1,000

Port Huron, Mich., to Detroit Junction, 59
Leased to Grand Trunk of Canada. Earnings

Rate per When Where
Cent.
Payable

$600,000
5,000,000

100 &c.

Chicago 6c Canada Southern—(Sec Map. of Lake Shore &
Michigan Southern).—Owns from Grosse Isle, Mjch.‘, to Fayette, O.,
67 miles. On Nov. 1, 1879, it was transferred to the Lake Shore &
Michigan Southern.
It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,680,000 over¬
due coupons. Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Augustus
Schell, President, N. Y. City.
Chicago Detroit 6c Canada Grand

Amount

pal,When Due-

Payable, and by
Whom.

Boston, Co’s Office.
Boston and New York.
Boston.

Stocks—Last
Dividend.

Jan. 1, 1910
Jan. 1, 1907
June 1, 1920

New York, 4tli Nat. Bk.
N. Y., Central Trust Co.

April 1, 1902
July 1, 1884
Mar. 1, 1882
Dec. 1, 1907
Dec., 1907

New York and Boston.
New York, 4th Nat. Bk.

Dec.

N.

Y., Union Trust Co.
London, England.
N. Y., Central Trust Co.

1934

New York and London.
do
do

N.Y., E.P.Beach.B’way.
New York and Boston.
do
do
New York, Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
London and New York.
New York, Office.
do
do

1, 1931

May, 1920

Boston, Globe Nat. Bk.

1, 1900
Jan., 1922
Jan. 1, 1910
Jan.

Jan.

1, 1900
Aug. 1, 1901
Oct, 21, 1884

Oct. 21, 1884
July 1, 1905
1893
1884

July, 1897
1894
1899

July 1, 1908
1898
1898
1891

Jan., 1902
1902
1903

preferred paid in consol, bonds; in 1875 no dividend; in 1876, 3*2
on preferred
and 14 per cent in bonds; in 1877, 3*2 on pre-*
ferred; in 1878, 10*2 on preferred; in 1879, 2*2 on common and 7 on
preferred; in 1880,1881,1882 and 1883, 7 on both.
The range in prices ot stocks since 1877 have been: Pref. in 1878, 64 ®
843*: in 1879, 7438® 102%: in 1880, 99® 124*8; in 1881, 116%®140; in
1882. 114*2® 141*4; in T883, 115®122*4; in 1884 to Oct. 17, 95?8®
119.
Common stock in 1878, 27*2^5409; in 1879, 3438®82*6 ; in 1880,
66*2^11434; in 1881, 101*2®129*4; in 1882, 96*2®128*4‘, in 1883,
91 %® 108*2; in 1884 to Oct. 17, 58 *4®94*4In 1882 the common stock was increased $7,500,000, mostly issued
at par to stockholders, who subscribed for the same at 50 cents on the

7 on
cash

dollar.
Of the consolidated mortgage bonds of 1875, enough are reserved to
take up the prior bonds. The latter had a sinking fund of 1 per cent
per annum, but holders may have their bonds stamped and discharged
from the operation of the sinking fund. The Chicago & Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or

On roads purchased the C. M. & St. P. has usually issued its
Chicago (C. & W. I.), acquired.
own mortgage bonds directly secured on the pieces of road so purchased.
Junction to Cisna, 13 miles; Evansville Terre The Chicago Clinton Dub. & Minn. 7 per cent bonds, due 1910, are sub¬
Haute to Danville, III., 55 miles; Otter Creek to
ject to call after Jan. 1, 1885, at 102*2 and interest, and will probably be
Brazil, Ind., 14 miles; Danville, Ill., to Covington, Ind., 13 miles; retired with Chic. M. & St P. bonds on this (Dubuque) Division held
total operated, 253 miles. The leases of 17 miles, Dolton to Chicago, in trust for the
The Iowa & Minn. Div. bonds are convertible
purpose
and 13 miles, Danville to Covington, are contracts for use of track over
into pi eferi ed stock. The terminal bonds issued in 1884 are secured by
other roads. The Evansville Terre Haute & Chicago was leased May 1,
mortgage on the 1 erminal property in Chicago and Milwaukee, subject
1880,
to the lien of the general mortgage so far as that covers these ter¬
The Chicago & East Illinois was chartered as Chicago Danville &
minals.
Vincennes in 1865, and opened in 1872 and 1873. Sold under foreclos¬
Lands.—The lands acquired by the company nave been mainly
ure Feb. 7, 1877, and reorganized under existing style Sept. 1, 1877.
In March, 1882, the U. S. Supreme Court reversed the decree of fore¬ closed out, and the amount due the company on contracts and
closure of the Danville road, but granted a rehearing, on which the mortgages Dec. 31, 1883, was $1,781,906. And in 1893 the land grant
decree was
reversed and the cause remanded.
In May, 1884. a and income bonds were issued against the land notes held.
settlement was reported to have been made; also a consol, mortgage for
Operations, Finances, &c.—The mileage and also the stock and debt
$6,000,000 authorized, of which $4,500,000 are to retire prior issues; of this company increased very rapidly in four years, the miles owned
the financial statement on which the issue of consolidated bonds was beiiig 2,3)9 on January 1, 1880, against 4,760 on January 1, 1884, and
sold was in V. 39, p. 127.
Report for year ending June 30, 1884, the stock and bonded debt, in round figures, $69,000,000 on January 1,
in V. 39, p 434, showed gross earnings, $1,560,320; net, $713,130;
1880, against $143,700,000 January 1,1884. The main question as to
fixed charges, $523,989; surplus, $189,140; floating debt June 30, the company’s income depends on the success of so large an amount of
1884, about $900,000. (V. 37, p. 375, 399, 478; V. 38, p. 358,571, new mileage, on which the traffic is to be gradually built up, and the
619; V. 39, p. 47,127, 157, 434.)
operating expenses meanwhile are considerable. The net earnings for
lc83 were $9,981,735. The full interest charge in 1884 will be about
Chicago 6c Grand Trunk.—Line of road from Port Huron, Mich., $5,970,000 and 7 per cent dividends on both stocks would be about
to Chicago, 330*2 miles; also uses 4*2 miles of Chicago & West, rndiana
making full charges of $9,293,000 against the net earnings
and 4 miles Grand Trunk Junction RR.; total operated. 339 miles.
This $3,318,000,
of 1884.
Articles at length in the Chronicle, V. 38, p. 327, and V.
is a consolidation of roads between Port Huron and Chicago formed in
39, p. 363, showed the situation of the company as to income and
April, 1880, under the control of the Gr. Trunk of Canada. It includes charges, the latter article analyzing the net income to June 30, 1884.
the former Port Huron & Lake Michigan and the Peninsula roads, sold in
The report for ’s3 iu Chronicle, V, 39, p. 356, contained the following:
foreclosure. Stock, $6,600,000 in $100 shares. The Grand Trunk of
Canada gives a tratiic guarantee of 30 per cent of gross earnings on
1880.
1881.'
1882.
1883.
business to and from the Chicago <fc Grand Trunk Road. Gross earnings Miles owned
3,775
4,217
4,520
4,760
for 1882, $2,271,000; net. $385,579; interest charge, $335,568; in 1883
OPERATIONS AND FISCAL RESULTS.
gross, $2,977,000; net, $717,000. (V. 37, p. 695; V. 38, p. 331, 619.)
Operations1880.
1881.
1882.
1883.
Chicago 6c Iowa.-Owns from Aurora, Ill., to Foreston, Ill., 80 Passengers carried
2,985,885
3,956,814
2,127,501
4.591,232
miles; leased, Flagg Centre to Rukh d, 24 miles; total ooerated, 104 Passenger miloag *...111,561,919 137,940,086 200,790,926 235.579.660
miles. Chartered in 1869 and opened in 1872.
In hands of a Receiver. Rate per pass. p. mile.
2 84 ets.
2 86 cts.
2 58 cts.
2 52 cts.
Gross earnings for year ending Dec. 31, 1882, were $525,071; net, $88,3.260,553
5.661.667
Freight (tons) moved.
4,276.088
5,127,767
309. Capital stock, $1,428,000, This road is used by the Chicago Bur¬ Freight (tons) mil’ge.504,876.154 697,347,607 945,250,159 1176605032
lington & Quincy to connect with the Illinois Central, and in Feb., 1882, Av. rate p. ton p. mile.
1-76 cts.
1-70 cts.
148 cts.
1*39 cts.
it was reported to have passed into control of parties interested in
$
$
Earnings—
.$
$
Chicago Burlington & Quincy.
Passenger
3,938,989
5,927,668
3,159,051
5,179.078
Freight
8,884,227 11,884,795 14,002.335 16,365,354
Chicago Milwaukee 6c St. Paul.—Line of Road.—The company Mail, express, &c
1,042,841
1,201,677
1,205,313
1,366,802

Danville to Sidell’s, 23 miles; leased, Dolton to
17 miles; Wellington
Haute & C. RR., Terre

..

operates a great consolidated system of railroads in

Minnesota, Iowa and Dakota, which could only be

Illinois, Wisconsin,

well shown in the

Supplement by a map. An enumeration of the roads seriatim conveys
but little idea of the territory actually covered. The main through
lines are from Chicago to Milwaukee, 85 miles; Milwaukee to St. Paul
and Minneapolis, via La Crosse, 341 miles; Milwaukee to Prairie du

Chien, 194 miles; McGregor (opposite Prairie du Chien) to Chamberlain,
Dak., on the Missouri River, 442 miles; Chicago, via Savanna, on the
Mississippi River, to Council Bluffs, la., 487 miles ^Minneapolis to Aber¬
deen, Dak., 288 miles. On Dec. 31, 1883, the mileage in Illiuois was 313;
in Wisconsin, 1,225: in Iowa, 1,369 ; in Minnesota, 1,058; in Dakota,
794. Total miles operated, 4,760.

Organization, &c.—The Milw. & St. Paul RR. Co. was organized May
5, 1863, and embraced a number of other companies, including the Mil¬
waukee & Mis?., the Prairie du Chien, the Lacrosse <fe Milwaukee, and
others. The Milwaukee & St. Paul afterward purchased the St. Paul *&
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
Western Union Railroad was leased in 1879 for 999 years, and the bonds
were retired by the issue of the Chic. Mil. <fc St. Paul bonds secured by
mortgage on that road.
The fiscal year ends Dec. 31. The annual
meeting is held early in June.
Stocks and Bonds.—The preference of the preferred stock is a prior
right to a noil-cumulative dividend of not exceeding 7 per cent from
net earnings (except that $250,060 above interest on bonds may be
reserved as a working capital, before payment of the dividend.
After
payment of 7 on pref. and 7 on com., both classes share pro rata. Divi¬
dends paid since 1873 have been as follows (prior to current.year): In 1874,




Total gross

earn’gs... 13,086,119
Operating expenses—
$

Maint’nce of way, &c.
Maint’nce of

equip’t.
Transp’rt’t’n exp’n’s*.

1,549,279
1,086,899
4,073,756

17,025,461
$
2,018,424
1,367,674
6,051,930

Taxes
Miscellaneous

375,028

45,914

473,166
65,367

Extraordinary..

611,549

341,370

589,613

93,609
221,112

614,609

114,029
325,434

10,317,931 12,186,073 13,778,037
8,200.653
6,707,530
9,881,787
58 23
59-16
60-00
59 77
Including elevators, stock-yards, personal injuries, &c., &c.

Tot. operating exp.
Net earnings
Pr. ct.op.ex. to earns.
*

20,386,726 23,659,824
$
$
2,258.317
2,223,175
1,999,504
2,489.257
7,023,918
8,011,533

7.742,425

5,343.694

INCOME ACCOUNT.

1880.

1881.

Receipts—
Net earnings
Other receipts

$
5,343,694

$
6,707,530-

324,298

Total income
Disbursements—
Interest on debt
Divs. on both stocks*

5,667,992
$
2,837,385
1,937,862

1882.

$.

1883.

$

635,308

8,200,653
623,814

9,881,787
161,707

7,342.838
$
4,127.389
1,965 722

8,824,467
$
4,786,054
2,461,042

10,046,494
$

5,373,925

3,212,895

portion of these dividends was stated as payable out of the earn¬
ings of the previous year, as follows: In 1880, #1,398,712; in J881,
$973,306; in 1882, $1,218,201, and in 1883, $1,552,311.
.d
*

A

.

Subscribers will confer a srreat favor

explanation of column headings,
on

first page

of tables.

&c., see notes

Date
Size, or
Miles
of
par
of
Road. Bonds. Value.

Land grant income bonds
Land grant and income bonds
1st mort. on Hastings <fc Dakota Div. extended ..
1st M.on Ch.Cl.D.&M. ($700,000 also held in tr.)..
Ch.Cl. Dub. & Minn. 1st M. (redeem. Jan 1, '85..
1st mort. on Wisconsin Valley RR
Prior mort.
do
1st mortgage, Mineral Point Division
1st mortgage Cliic. & Lake Superior Div
1st M.Wis. & Minn. Div. ($20,000 p. m.)

Div., $20,000 p. m.

119
419

.

336
372

fund, gold.

Chicago & Milwaukee, 1st mortgage
Menominee River. 1st mort., guar

Miscellaneous
Tot. disbursem’nts.
Balance for year

4,850,247

811,745

GENERAL BALANCE AT

$

311. & Iowa coal lands
Cash due on st’k subs
Miscellaneous items..
Total assets

Liabilities—
Stock, common

232,736

Cent.

Pay’ble

,

Where

pal, When Due.
Stocks—Last
Dividend.

Payable and by
Whom.

1880
1879
1880
1881
1881

107
107
142
63
230
927

779
126
85
25
120

1,000

2,840,000

1,000
1,000

1,360,000

1884
1871
...

1859
1859
1865
1871

500 &C.
1,000

1876
1871
1872
1870-1
1870-1
1871
1870

...

1,000
1,000
100 &c.

1,000
500

&O.I

$

7

7

7

7,247,096

8,586,820

$
138,015.099 146,093,665
768,846 1,161,980
2,361,234 1,550,232
1,495,113 1,223,043
2,969,732 3,048,965
503,119
689,578
944,132

1,129,215
417,660

255,061

103,313,644 125,636.593 146,554,663
$
$
$

A

J.

&

J.

Q

l7 g7
7 g.
7 g.
7
7
7

8
7 g.

—F.

A. k O.
J. & J.
J.
.J. k D.
J. it D.
J. k J.
M. k N.
J. & D.
A. & O.
M. A- S.

•J-

1. 1910

Jan.

1890

1, 1890
1, 1910

Jan.
Jan.

Boston.
New \ork, Office.
do
do
do
do
do
do
do
do
do
do
New York, Co.’s Omce.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

July 1,
Jan. 1,
July 1,
Jan. 1,

1920
1910
1920
1909

1910

July 1, 1921
July 1, 1921
Jan. 1, 1921
July 1, 1914
1891
June 26, 1884

Sept. 24,1884
Aug. 1, 1885
Aug. 1, 1885
Feb.

1915

1,

April 1, 1911
July 1, 1898
July 1, 1906
June 1, 1911
Deo. 1, 1902
Jan. 1, 1887
Nov. 1, 1907
Dec. 1, 1916
Oct. 1. 1900
June

1, 1917

in 1882, 1360175; in 1883.1340157;

Oct. 17, 1170149*2.

sinking fund bonds of 1879 are

secured 1)3' a deposit of mort.

on the new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued were published In V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balance
There are several small issues of bonds (all less tliau $200,000
5s.

table above, viz.: Appleton exten¬

each) in addition to tnose in the

$116,000, 7s. due 1885; Green Bay extension, $179,000, 7s. due
1885; Beloit & Madison RR., $176,000. 7s, due 1888; Minnesota Valley
RR., $150,000, 7s, due 1908: Plainview, $100,000, 7s, due 1908 ;
Peuinsula Railroad (Mich.), $152,000 7s, due 1898.
The $ 10,000,000 debenture bonds were issued to pay for the Chicago
St. Paul Minneapolis & Omaha stock; the sinking fund for these bonds
is $200,000 per year from May, 1*88, if they can be redeemed at 105.
New common stock for $14,757,500 to purchase control of the Iowa
leased roads was issued July, 1884, as per circular in V. 38, p 508.
In June, 1884. the new issue of $6,0i 0,000 5 per cent debenture bonds
was authorized, of which $1,966,500 went for the purchase of Blair
roads and the balance to be used for improvements as required.
Any
sion.

$

$

J.

0140*2; in 1881, 131 *80147*2;
in 1884 to

The

1883.

1882.

1881.

.

July 1, 1909
Jan. 1, 1910

bonds,

1,459,674

1,577,371

j

Jy

7
7

3.365.000

j.

k D.
Q. —M.
& A.
F. & A.

2
7

2,549,500
12,343,000
2,069,000
1,592,000
4,080,500
1,350,000

500 &c.
500 &c.

.

1.

3*2

1.700.000
560.000

-

j

j.
A J.
& j.
A j.

Jr
55 g■ Ji
j.
8

41,374,866
22,325,454
971,000
3,440,000
7,864,000
2,977,500

1,000

j.
J* &
j. &
j. tt
j. k

2 g*

35,000

100
100
100 Ac.
100 <fco.

|J.

5
5

3,000,000

....

J.
J.
& J.
A J.
«te J.
A J.
A J.

:j.

/

4,755,000
18,*40,000

1,000
1,000

1881

1872

1,700.000
1,106,500

1*83.

1.249,727

655,000

500

$

6,093,111

6,010,000

A
A

J.
J•J.
J.

1919

New York, Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

; J. & J.

5
6
6
6
7
7
7
6
7
6

1,600,000
5,680,000

1,000

1882.

Railroad,equipm’t,&e 99,185,683 120,073,630
St’ks&b’ds own., cost
2,163,567
1,265,364
Bills& acc’ts rec’vable
783,992
663,641
Materials, fuel, &c.
564,715
1,028,764
382,951
Casli on hand
555,200
..

When

278,000

1,000
1,000

CLOSE OF EACH FISCAL YEAR.

1880.
Assets—

7,432,000

$

1881.

7
81,000

1,000

....

Menominee extension, 1st mortgage, gola
Geu. eons mort., gold, coup, orreg. ($48,000,000) 1,058
137
Winona k St. Peter, 1st mort., guar by Chic.«fcNW.
137
do
2d mort., guar. bjr Chic. & N.W.
175
do
1st M. extern, gld, land gr., 8. f..
75
Iowa Midland, 1st mort., guar, by Chic. & N. W..
62
Northwestern Union. 1st mortgage, gold

$

1,009

4,000,000
3,000,000

....

3.763

Consol, sinking fund mortgage
Madison extension, 1st mort., sinking

dividend

Rato per 1

$2,500,000

1,000

1883
1880
1880

Chicago <£ Northwestern—Common stock
3,763
Preferred st’ek (7 p. c. y’lly, not cumulative)
193
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
193
1st mort.. general, 3d mort., Ciiic. to Oshkosh

Rare of

Outstanding

$....

1879
1879
1880
1880

185
212

.

1880.

Amount

.

Ch 'cago Milwaukee rf■ St. Paul—( Continued)—
Bonds on Lac’se &Dav. Div., for Dav. & Nw. RR.
1st mort. on 8. W. Div. Western Union RR
1st mort. on Chic. & Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000)

IstM., gold, on Chic. & Pac., W.
Terminal mortgage, gold
Osh. & Miss. River RR. bonds

notice of any error discovered in these Tables.
Bonds—Princi¬

by giving Immediate

INTEREST^ OR i DIVIDENDS.

DESCRIPTION.
For

ar

SrOCKS AND BONDS.

RAILROAD

^October, 1884. J

154,022,017
$

future mortgage on

the property of the company owned at

bonds, shall include them.

date of these

20,404,261 27,904,261 30,904,261
Land Grant.—The lands of the company have been acquired by the
14,401,483 16,447,483 16,540,983 purchase of the Winona & St. Peter and other roads that have been
79.059,000 89,635,500 96,272,000 consolidated. The Commissioners'report for 1883-84 showed that the
4,943,872
1,711,099 total consideration for the lands and lots so’d in that year amounted to
3,899,002
Unpaid pay-rolls, &c.
1,048,541
2,279,836 2,216,630 1.732,687 $734,756. Total cash receipts wore $706,784. The statement of amounts
Land department
1,787,509 1,781,907 secured to he paid to the company by outstanding contracts of sale in
873,911
Advances
-■
force at the end of the fiscal year snowed a total of $1,111,919.
Income account
4,343,283
5,593,011 t3,619,408
5,079,080
TABLE OF LAND GR ANT L VNDS FOR YEAR ENDING MAY 31, 1884.
Total liabilities... 103,313.644 125,636,593 146,554,663 154,022,017
Lands unLands unAcres under
contracr.
sold May
i $3,550,974 of income balance applied towards payment for 71.019
sold May
Name of grant.
shares common stock taken by shareholders at par.
May, 1884
31, 1884*
31, 1883.
Minnesota
349,308
685,577
784,532
—(V. 37, p. 48, 98, 175, 234, 445, 446, 509, 547, 563, 667, 687, 719: V*
461,847
485,677
38,593
38, p 29, 60, 114, 129, 147, 347, 356, 678. 705, 764; V. 39, p. 21, 47* Michigan
2,185
308,723
Wisconsin
320,125
84, 324, 363. 381.)
15.404,261

Stock, preferred
12,404,483
Bonds (See Supplm’t) 67,172,000
All other dues <fc acc’ts
2,067,165

Chicago A Nortliwestern.—Line of Road—The Chicago <fc North¬
operates 3,76 * miles of its own roads and controls 1,150 miles of
theChic. St. K Minn. & Omaha; total controlled, 4,913 miles. The mileage
is too extended for enumeration, and could only be shown clearly by a
map. The main line from Chicago to East. Omaha, Iowa, is 492 miles,
ana this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches. At the end
year,

of the fiscal

May

31, 1884, the Chic. & Northwestern mileage was made up in the annual
report as follows:Wisconsin Division, 555 miles; Galena Division, 324
miles; Iowa Division, 679 miles; No. Iowa Division, 370 miles: Madison
Division, 467 miles; Peninsula Division, 376 miles; Winona & St. Peter
Division, 448 miles; Dakota Division, 542 miles; total, 3,763 miles. In

July, 1884, the Blair roads, previously leased,were acquired by purchase,
but this increased the mileage operated only by 418 miles of the 906.
Organization,
The Chicago St Paul & Fond-du-Lac Railroad,
which was a consolidation of several roads, was sold in foreclosure
June 2,1859, and the Chicago & Northwestern Railway was organized
as its successor.
In 1864 the company absorbed the Dixon Rock. &
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads,
including those which were operated as “proprietary roads,” and this
process will go on till all those roads are absorbed into the main company.
In December, i*82, a controlling interest was acquired in the stock of
the Chic. St. Paul Minneapolis & Omaha Co. by the purchase of 53,800
shares of preferred and 93,200 shares of com. stock.
In July, 1884, the leased lines in Iowa (Blair roads) were acquired,
and the result is stated in the annual report as follows :
The total cost of the properties is $27,875,100, subject to such slight
changes ns may come from adjustments of small items of account,
remnants of rights of way, &e., and will he represented by the
Amount of bonds and obligations assumed
$11,149,600
Amount of Chicago & Northwestern Railway Co. 5 per cent.
common

Operations, Finances, <fcc.—The

14,757,500

bridge property; the

ROAD AND

EQUIPMENT.

1883-84.

1880-81.

1881-82.

18*2-83.

2,778

3,278

3.58 4

3,763

Locomotives

476

Pas.,mail&ex.c’rs
Freight cars

327

558
365

578
424

639
449

16,072

17,932

Tot. miles

oper’d.

18,089
394

353

274

All other cars

OPERATIONS AND FISCAL

20,100
435

RESULTS.

Tot.gross earns. 19,334,072

Expenses—

Stock and Bonds.—Preferred stock has prior right to 7 percent;
then common entitled to 7; then preferred has a further prior right to
3 per cent; then common to 3; then both classes share. But the pre¬
ferred stock has not yet received more than 8 per cent in any year,
against 7 per cent paid on the common. Dividends siuce 187 > (prior to
the current year) have been: In 1876, 2Lj on pref.; in 1877,3*2 on pref.;
in 1878, 7 on pref. and 5 on com.; iu 1879, 7 on pref. and 5 on com.;
in 1880. 7 on pref. and 6 on com.; in 1881, 7 on pref. and 6 on com.; in
1882, 7% on pref. and 7 on com.; in 1883, 7 on com. and 8 on pref.
Prices of siock Rime 1877 have been as follows: Common in 1878,
3212'a>5514: in 1879, 4958^94^; in 18*0, 87%«130; in 1881. 1170136;

Taxes...

ends May 31. The annual meeting is held early iu June.

in 1882, 124@150^; in 18*3. Il5l4®140i8; in 1884 to Oct.
124. Preferred in 1878, 59^979^; in 1879, 767s@108; in

17, 81 *2#

1880, 104

1881-32.
6,754,717

1880-81.

Operations-

Pass’gers carried.
4,482,317
Pass’ger mileage. 164,333,508

Maint’nce of way >




Northwestern Railway

Chicago

pursued the policy of extending rapidly its lines, including those
reaching far west to Dakota, and since 1879 has raised its money in
great part bjr the sale of 5 per cent bonds. The stock has not been
rapidly increased (until recently by the issue of new stock for stocks of
proprietary roads) and a large nominal surplus has been rolled up in
the balance sheet; (see article iu the Chronicle, V. 39 p. 142.)
The Latest annual report (1883-84) was in the Chronicle, V. 39, p.
155, and comments were made upon it on pages 142 and 170.
The following were the earnings, expenses, Ac., for all lines operated:
has

will be at the rate of $14,472 per mile in bonds and obli¬
gations and $16,281 per mile in common stock; total, $30,753 per mile.”
average cost

The fiscal year

1,590,334

l»82-83.
1883-94
7,968,560
8,6 3,483
205,574,178 248,856,303 256.386,389
Rate p. pass. p.m.
2-52 cts.
2*40 cts.
2-53 ets.
2-46 cts
Fr’ght(tns) mov’d 6,662,112
8,190,893
7,874,665
8,453,994
Fr’ght(tns) rairge980,522,774 1192,188,039 1183,829,358 1350,173,773
Av.ratep.ton p.m
1*47 cts.
147 cts.
142 cts.
1*31 ots
Earnings—
$
$
$
$
Passenger
4,158,130
5,171,423
6,119,616
6,153,071
Freight
14,414,151
17,525,134 16,894,352
17,677,866
761,791
988,099
1,067,367
1,189.687
1,968,000 Mail, express, &c.

“

25 years debenture bonds, at par
Amount of Chicago & Northwestern Railway Co.
Stock
.7
for the whole 906-39 miles of railroad and the

3,456,147

390,086

Total

western

“

cars,

&c

(
> 9,979,619 {

rransp’nA rniseel )
Total
Net earnings
P.c. op.ex.to earn.

.....

446,202
10,425,821
8,908,251

53 92

t

23,684,656

24,081,835

25,020,624

3,574,419
1,786,140
6,756,517

3,372,994
2,322,099

3,590,917
2.4i8,297

618,785

672,621

522,558

12,639,634

11,045.022

53 37

7,758.638

14,072,516

10,009,319

58-44

8,429,121

15.140,956
9.879,668

60*51

INCOME ACCOUNT.

1380-81.

Receipts—

$

Net earnings

8,908,251

Disbursements—
Rentals paid

1,384,732

Interest on debt.

$

3,047,397

1881-82.

$
11,045,022
$

1,569,618

3,999,203

1882-83.

$
10,009,319
$

1,570,948

4.283.633

1883-84.

$

9,879,663
$

1,568,704

4,527,235

US8

RAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS.

great favor by giving immediate notice of any error discovered in
these Tables.

DESCRIPTION.
on

'

first page

Miles
of
Road.

of tables.

Chicago dc Northwestern—(Continued)—
Rochester & No. Minnesota, 1st mortgage

Date
of
Bonds

24

Chic. Mil. & N. W.t construction bonds

Chicago A Tomah, lstmort.,

[Vol. xxxix.

•

•

•

•

•

•

...

•

$....

m

692.000

1,528.000
1,600,000

1,000
1,000

1833

14,460,000
10,000,000
4,000,000
1,600,000
600,000

1,00 9Ac
1,00 /Ac
1,000
1,009
1,000

1884
1884
1882

1881

720,000

1,042,000
2,000,000
....

.

.

873,000

•

•

1861
1863
1866
1863
1883

500
500
500
500

1863

509 Ac.
500 Ac.

129,000
3,6 >0,000
1,6*28.000
1,628,320

1,000
1,000

1,000,000

„

Ac.
Ac.

Ac.
Ac.

....

479,000

100

41,960,000
12,500,000

100 Ac.

5,000,000

7

4,490,d0 )
6,802,642
17,193,400

5

ioo

582

100

Where

Payable

M.
M.
M.
M.

A
A
A
A
A
A
A
A
A
A

Bonds—Princi¬

Payable, and by
Whom.

3. New
N.

Stocks—Last
Dividend.

Yoik, Co.’s Office. Sept. 1, 1908

do
do
do
do
do
do
do
do
do
do
do
do

N.
8.
A.
O.
M.
N.
M.
N.
M.
S.
F.
A.
I.
J.
M. A S.
M. A N.

pal,^When Doe.

do

Nov. 1. 1905
1905

do
do
do

Sept. 1, 1905
Oct.

do

1, 1929

May 1, 1933
May 1, 1909

do
do
do
do
do

Mar. 1, 1909
Feb. 1, 1907
-

July 1, 1901
Sept. 1, 1907

do
Nov. 1, 1907
do
F. & A. N. Y., Nat. Park Bank.
Aug. 1, .1891
F. A A.
do
do
Aug. 1, 1894
M. A N.
do
do
May, 1916
F. A A.
do
do
Aug. 15, 1894
A. A 0.
do
do
1933
J. A J.
do
do
Jan. 1, 1898
J. A J. U.8. Treas., at maturity Jan.
1, 1898
M. A S. Boston, Col. Nat. Bank. March
1,1896
F. A A. N. Y., Farm L. A T. Co
Aug. 1, 1901
Q.-F. New York, Co.’8 Office. Nov. 1, 1884
J. A J.
do
do
July 1, 1917
M. A N.
do
do
Nov., 1899
do
do
.

.

1%
6

When

....

7
7
7
7
6
6
6
6
7

1,000Ac

„

1877
1869
1384

7
6
6
6
5 A 6
5
5
5
7
6
6
6

700,000
582,000
2,332,000

1,090

1871

636
271
220
582

stock
.Preferred stock (0 per cent cumulative)

Rato per
Cent.

$200,000

•

....

Chicago St. Louis d• Pittsh.—Common

Outstanding

Value.

1880
1879

....

1st mortgage, coup, or reg
Chic.A 8outnw.. IstM.g. (g’d iu cur. by
C.R.I.&P.)
Extension and collateral bonds ($20,000 p. m.)...

Amount

•

Milwaukee A Madison. 1st wort., guar
/
80
Sink. fd.bds.( 1st M. as collateral) ($15,000
p. m.K.
8. f. debenture bonds (for C. St. P. M. A O.
stock)
Debenture bonds of 1909 (for $0,000,000)
Ottumwa Cedar F. A St. P., 1 st mort., guar
64
Des Moines & Minneapolis RR. lstmort. Ronds...
58
Escanaba A Lake Superior RR., 1st mort
36
Dakota Central RR., 1st mort
do
1st M., Southeast Div. (for $2,000,000).
Other small issues (sec remarks on
preced’g page)
Cedar Rapids & Missouri River, 1st mort. 1 ±4
70
f
do
lstmort.
2 2°
58
do
1st mort. | 7* £ '
146
Chicago Iowa & Nebraska, mortgage
82
I
Fremont Elkhorn & Mo.Val.p onsol.bonds
■
311
Sioux City A Pacific, 1st mortgage
Z?5
102
•g ao
do
2d mort. (Gov’t subsidy).
03 33
102
do
Equipment bonds
So
Chicago Pekin <& Southwestern—1st mortgage./....
96
Chicago Rock Island<& Pac—St’ck (for$50,000,000) 1,384
.

•

INTEREST OR DIVIDENDS.

or

Par

1878

....

guar

Size,

—

i
18S0-81.

Dividends
Rate on pref
Rate on common.
Miscell aneous....

Tot.disb’rsem’ts
Balance,surplus
.

$
2,420,273

1881-82.
.$

2,586,637

7
6

1,357,229

18S3-84.

2,890,337

2,939,469

98,120

83,0 .’0

8.253,583
2,791.439

8,848,038
1,161,28 L

9,U8,408

8
7

8
7

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

Assets.

Chic. & N. W.—Road & equip..
Other companies
do
Real estate in Chicago
Bonds owned
Stocks owned
Land grant investments
Bills and accounts receivable.

Materials, fuel, Ac....
Cash

on

hand

Trustees of sinking fund
Total
Liabilities.

Stock,

1881-82.

$76,739,549
54,679,521
200.000

865,819

1882-83.

1,760,608
1,321,000

200,000

1,245,918
2,5 2G,482
2,710,498
1,525,000

Current bills, pav-rolls, &c
Uncollected coupons, Ac
Rentals of roads in la., not due

Bonds unsold
Note of Consol. Coal Co
Land income
Accrued interest not due
Miscellaneous
Balance income account

1,321,000
404,774
2,141,311
74,829
439.935

407,000
689,534
675,430
4,0! >8
7,264,532

1,525,000
1,965,653
82,668
530,364
284,000
300,000
1,033,565
675,395
66,601
8,425.863

Operations, Finances, Ac.—1The company has been very successful
managed, and, including scrip dividends, has paid its stock¬
holders handsomely.
The receipts from lands are now practically
gone. The management is secretive and no
monthly reports of earn¬

200,000
*508,026

aud well

20,323.3.3
736,00)
1,192,626
2.205,359
1,964,698
1.780,002

$139,139,871 $147,210,021 $171,051,394

: $15,095,924 + $16,229,916
Stock, preferred
f 22,153,119" t 22,323,190
Stocks of propriet’ry roads,&c
22,883,150
22,463,100
Bonds|| (See Supplement)....
64,248,000
69,821,000
Bonds purchased
366,000
460,000
Divid’us declared, not yet duo
971.185
1,02 {,406

Real estate., mortgages, Ac....

1883-84.

2,913,219

common

Sinking funds paid

761,260

$80,420,032 $102,710,425
55,668,872
39,486,!'! 6
f

1.2 42,033
2.291,340

The road from Minneapolis west to the
junction with Bur. C. R. A N.
line was built under the charter of the Wisconsin Minnesota
<fc Pac. Com¬
pany issued by the old Territorial Legislature. The W. M. <te P. Co. issues
its bonds running for 50 years, bearing 6
per cent iute’ est, at the rate of
$20,000 per mile. These bonds are deposited by Rook Island with the
United States Trust Co., and in lieu of them the Rook Island
issues its
own bonds for an
equal amount, but bearing 5 per cent. The difference
in interest as it accumulates is to lie invested in
Rock Island bonds.
Lands.—The sales in 1883-4 amounted to 12,851 acres, for
$123,794,
the average price being, therefore,
nearly $.-* 63 per acre. The bills
receivable were (Maroh 31. 18S4) $1,129,172. The unsold lauds of
the
company comprise only about 22,605 acres.

$

7*4
6ic
98,120

98,120
7,551,022

1882-83.
$

$26,617,366
22,325,455
22,550,100
80,891,000
1,027,772
1,730,000

1,880,317
80,651
562,543

310,000
275,000
2,938.675
675,395

9,187.120

Total

$139,139,871 $117,210,021 $171,051,394
*
Consol, sinking fund bonds, $160,009; general consol,
gold bonds,
$12,000; bonus of sundry proprietary roads. $186,026; Aurora Branch
bonds, $150,000
t Chic. St. P. M. A O. stock, cost, $10,315,659; C. A
N. W. com. stock, $10,006,343 ;
prof, .1,33 4.
f Noi including amount in

company’s treasury.
|j Including bonds in sinking funds.
—(V. 37. p. 174. 6-7; V. 3S p.
177, 191, 423, 508, 70>, 763; V.
p. 71. 128, 142, 15 5, 170. 261, 324, 381.)

39.

Chicago Pekin & Southwestern.— Operated from Pekin, Ill.
Mazon

to
Bridge, 111.. 91 miles, of which 6 miles leased. Chartered in
1859 aud opened in 1876. Sold under foreclosure of
second mortgage

May 31. 1881, and reorganized as Chicago St. Louis & Western, to which
company the property was Conveyed January. 1 -84.
For year 1881-82,
gross earnings were $366,003; net, $120,892.
In 1882-83, gross, $273,879; net, $54,883, In Feb., 1882, receiver appointed, but in
July, 1884,
he was discharged. (V. 37, p. 399; V.
33, p. 59.)

ings
*

are

issued.

Tiie annual report lor year
ending March 31, 183 4, was in the Chroni¬
cle, V. 33, p. 761.
The mileage, earnings, Ac., for four years
ending
March 31, have been as follows:

1830-81.
Miles owned & oper..

Earnings—

Passenger
Freight

Mail,express,r’nta.&c
Total gross earn’gs.

Total expenses

Net earnings
P.c of op. ex. to earn.

1,353
$
2,500,135
8,690,430
766,292
11,956.907
6,630,156

1831-82.

1382-83.

1833-84.

9.687,097
726,215

1,331
$
3,'333,<'69
7,928,236
928,593

1,384
$
3,313,448
8,056,316
1,165,750

13.266.643

12,189,903

1,331

$
2,353,331
.

7,322,862

7,109,817

12,535,514
7,298,002

5,326.751

5,913.781

55*45

5,080.086

55*20

5833

5,237,512

a

INCOME ACCOUNT.

Receipts—
Net earnings

Miscellaneous

1880-31.

1881-82.

$
5,326,751

$
5,943,781

560,000

470,000

6,000.939
$

5,640.086
$
304,3 63
950,000

5,707,512
$
301,121
1,002,350

2,937.185

2,937,196

Total income
Disbursements—
Rentals paid.
Interest on debt
Dividends
Rate per cent
Miscellaneous

5,854,028

Add. aud

2,285,000

imp. acc’t..

S3
949,700

2,727,387
7*4

$

650,000

490,090

322,137

1833-84.

5,237,512

13,208

departm’t

$

5,030,086

37.277

From land

1852-83.

58*22

327,593
950,000
2,937,186
7

7

7

125,327

147.595

2,215,000

177,784

1,300,000

1,200,000

Total disbursements.

0,284,224
6,555,106
5,639.143
5 618,441
Balance, surplus
dof.430.196
51,833
913
89,071
—(V. 37. p. 479, 667 687-; V. 33, p. 29, 202, 678,752, 761 ; V. 39,
p.
*296, 318.)
Ckicago St. ILouis & Pittsburg.—The mileage is as follows :
Columbus. O., to Indianapolis, fud., 187 miles; branches—Bradford
June.,
O., to Chicago, III., 231 in.; Richmond, Lid., to Anoka June., Ind.. 102
m.;
Peoria Junction, Ind., to Ill. State Line, 61
m.; total operated, 582 miles.
This is the reorganization (March 20,
1883,) of the Columbus Chicago
A Indiana Central road, sold iu foreclosure on Jan.
11, 1883.
The
C. C. A I. C. company was formed Feb.
12, 1868, by consolidation of
the Col. A tod. Con. and Chic. A Gt. East, railroad
companies, and was

Chicago Rock Island & Pacific.—Line of Road.—Owns from
Chicago io Council Bluffs, 500 miles; Davenport. Ia., to Atchison, Kan.,
345; Atchison Junction to Leavenworth, Kan., 21*5;
Washington, la., to
Knoxville, 77*5; South Englowot d to South Chicago, 7*5; Wiiton to leased to the Pitts. Cin. A St. Louis
Railway Co. Feb. 1, 1869, by whioh
Muscatine, 12'5; Newton to Munroc, 17 ; Des Moines to Indiauola and company it has been operated.
Winterset, 47: Menlo to Guthrie Centre, 14*5; Atlantic to
The lease stipulated that the lessees should
maintain the road and
Amlubon,
24-5; Atlantic to Griswold. 14*7; Avoca to Harlan, 11*8; Avoca to Car- equipment, operate it, and pay over to the lessors 30
per cent of the
son, 17 6; Mt. Zion to Keosauqua. 4*5 ; Wiltoa to Lime
gross
earnings.
Also,
that
the
rental
should
Kilns, 5. Leased:
always be enual
the inter¬
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles: est on $15,000,000 first mortgage bonds of the C. C. A I. to
C. Railway
Keokuk to Des Moines, 162. Total
1,334
operated,
miles.
Company, and $321,000 of the second mortgage bonds of the Col. &
Organization—The Chicago A Rock Island RR. was chartered in Ind. Railroad Company. After default In 1875 and much litigation,
a plan of settlement with the Penn. RR was
niiuois Feb. 7. 1851, and opened from Chicago to the
approved by a
Mississippi River
July. 1854. The extension from the Miss, to the Mo. River was built of bondholders in 1882 and carried out. This provided that themajority
consoli¬
dated
mortgage of the, Col. Chic. A Indiana Central Railway Company
by the former Mississippi A Missouri RR. of Iowa, which was foreclosed
should
be
foreclosed subject to the old sectional
under mortgage in 1866. The Illinois and Iowa roads were
mortgages. That the
consolidated
August 22, i860, under the present title, and the main line was extended property thus sold be bought in and the purchasers form a new corporar
tion
to
take
the property, with a capital of $10;000,090 in common stook
to Council Bluffs June, 1869. The Iowa Southern A
Missouri Northern
aud $20,000,000 in preferred stock, the latter to be eutitled
was formerly the Chicago A
to dividends,
Southwestern, and was foreclosed and pur¬
if
chased by this company, and consolidated June,
earned, at the rate of 6 per cent per annum, as declared by the board
1880. The present
of directors, and to be cumulative. That the new
Chic. R. I. A Pacitic was a consolidation June
corporation issue its
4,'1880, with $50,000,060 first
stock authorized, and a scrip dividend of 100
mortgage bonds for $22,000,000/payable at the end of fifty years,
per cent to the holders of
in gold coin, with interest at the rate of live
Chic. R. I. A P. stock. The fiscal
per cent per annum, Ac.
year ends March 31, and the annual
election

occurs

in June.

Stock and Bonds.—Prior to the current
year dividends were paid
as follows since 1876, viz.; in 1877 aud
1878, 8 percent; in 1879, 10;
in 1880, 8*2 cash and 100 per cent iu
stock; in 1881 and 1.332. 7;
in 1883, 7.
Range of prices of stock was as follows since 1876,
viz.: in 1877, 82*^®105*s; in 1878,
98^9122; iu 1879, Il9@l50*a;
In 1880, to J ! 1
149<2204; July to Dec. (new stock). 100
143; in 1881. 1290/14858: iu 1882, 122®140*4; in
1833,
in 188 4 to Oct. 17, 100*4®
126^1
^




,

„

Common stock of the old company was assessed
$5 per share cash, and
one share of new stock then given for two of old.
There was held by
the Penn. RR. Co. or in its interest on Dec. 31. 1883.
$11,500,000 of the
mortgage 5 per cent bonds, $11,721,250 of preferred stock and
$1,424,250 of c minion stock.
The first annual report of this
company, for the year 1883, was
published in the Chronicle, V. 38, p. 539, to which reference
should be unde.
The ratio of expenses to earnings was 81*99 per
cent, as against 86 27 per cent in 188*2; but this was
partly due
to the policy adopted of
charging to construction account the eoat

October,

RAILROAD

1884.]

Subscribers will confer

I

explanation of column headings, Ac.,
on first page of tables.

Miles Date Size, or
of
of
par
Road. Bouds Value.

notes!

see

Chicago St. Louis <£ Pillsburg—(Continued)
1st mortgage, gold
($22,000,000)

...

Minneapolis East RR., 1st mort., guaranteed.....

% •

Chicago d West. Indiana—1st mortgage
General mortgage, gold, sinking fund
Chicago d West Michigan—Stock, new

•

-

....

413
127
35
46

1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo & Lake Sli., 1st mort. coup
do
2d M. on 35 m. A 1st on 11 m., coup
General mortgage ($12,000 per mile)
Cincinnati d kastem—lstmortgase
Cincinnati Hamilton d Dayton—Stock
Preferred stock for $1,000,000
2a mort. (now 1st)
Consol, mort. ($996,000 are 7s). sink, fund 1
p. c
Cin. Ham. A I. (Junction) RR.. 1st mort., guar

....

1883

for two years

were as

3.636,669 3,781,107
Mail, exp., Ac
357.365 '349,406

1864

1,000

1865

•

•

....

•

•

....

1864

Too

5,122,913 5,293,920

1880
1878
1880
1879
1878
1878
1879
1879
1882

1,000
500 Ac.

1,000
1,000

....

1,000

480.000

1,000

576,000

8

30.500

7
5
7
3

500 Ac.

1,000

....

....

1.000

450,000

60
98

1375
1373

1,000

1,000

2,430,000
1.800,000

100

....

1883.

River transfer, 2 mites; Norfolk Branch to Emerson. 46
miles;
Wakefield to Ilnrtingtoii, 34 miles.
Chippewa Falls A Superior Linemiles; Eau Claire to Chicago Junction, 80 miles; Superior Junction
to Superior City, 62 miles.
Total rtwned, 1,275 miles. Proprietary
road, 5 miles.
Total of all, 1,230 miles.
Tide
was
a
consoli¬
dation July, 1880, of the Chicago St. Paul A Minneapolis

(formerly West
Sioux City. The

Wisconsin), the North Wisconsin, and the St. Paul A
St. Paul & Sioux City was a consolidation in August, 1879, of the St.
Paul & Sioux City and the Sioux City A St. Paul,
forming a main line
from St. Paul to Sioux City, 270 miles.
The St. Paul Stillwater A
Taylor’s Falls was consolidated with this company; also the Worthing¬
ton Sioux Falls A Iowa and Covington A Black Hills.
Preferred stock has a prior right to non-cumulative dividend of 7 per
oent from net earnings; hut common is never to receive more than is
paid on preferred. The Chic. St. Paul A Minneapolis t st mort. is a 2d
on the lands; the land mort. a 2d on
road; hut no foreclosure can he
had except by default on 1st mortgage.
In November, 1382. a controlling interest in the stock was purchased
for the Chicago & Northwestern Railway by the acquisition of
93,200
shares of common at an average price of 48 40, and 53.*00 shares of

preferred at an average of lo4*04—the total cost being $10,503,959,
which stock is held as an asset of the Chic. A Northwestern
Company.
Report for 1883 in Chronicle, V. 38, p 507. The land sales in 1883
were 219,005 acres for $1,438,644,
including lots; land contracts and
notes on hand Dec. 31,1883, $.,206,493; lands unsold.
639,998 acres.
follows:

ROAD ANI) EQUIPMENT-

1881.

1882.

1883.

1,003

1,150

1,280

$914,329
2,913,521

Freight

„

Total gross earnings

$1,470,558

164,111

$1,311,217
3,478,62 1
172,361

$4,021,961

$4,962,202

$5,515,28 4

3,843 948
200,778

INCOME ACCOUNT.

Receipts—

1881.

Net earnings
Net from land grants
Other receipts

$1,245,499

Total income
•.
Disb ursements—
Rentals paid
Interest on debt
Dividends on preferred stock
Rate of dividend
Lo-fl on nron. roads
*

-*

Total disbursements

1882.

18 S3.

50 4,144

$1,721,415
546,825

73,585

6 44

$1,828,228

$2,268,884

$2,439,234

$53,059

$27,736
1,014,530
735,397

$35,564
1,068,747

893.536

672,737
(7)

Ronds—Prinoi

Where Payable and by
Whom.

pal,When Due,
Stocks—Last
Dividend.

3,500,000
449,000

1*4
7
6 A 7
7
-

A. A 0.

Various
J.
A.
F.
M.

A

J.
A 0.
A A.
A N.

N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do

April 1, 1932
1893 A’95

Nov., 1904
Deo.. 1905

Aug. 1, 1890
Nov., 1904

New York, Office
Oct. 20, 1884
Q.-J.
J. A I>. N.Y., 52 Wall Street,
June 1. 1930
M. A N.
do
do
May 1, 1918
J. A J.
do
do
Jan. 1, 1930
A. A O.
do
do
April 1, 1919
J. A J.
do
do
Jan. 1, 1908
J. A J.
do
do
July 1, 1908
J. A J.
do
do
Jan. 1, 1909
M. A N. N. Y., Drexel, M. A Co. Nov. 1. 1919
do
do
Deo. 1, 1932
Q. - M.
Boston.
Aug. 15, 1884
M. A 8. Bost.. Treasurer’s office.
Sept. 1889
J. & J.
N. Y. Union Trust Co.
July 1, 1891
J. A D.
do
do
June 1, 1905
J. A D.
1921
J. A J. Sardinia. O, Receiver.
July 1, 1896
A. A O.
Cincinnati, 0.
May 1, 1884
do
do
Q.-J.
Oot., 1884
J. A J. N. Y., Winslow, L. A Co. Jan. 20, 1885
A. A O.
do
do
Oot., 1905
.7. A J.
do
do
Jan., 1903

bonds limited to $10,000,o00; the

bonds are liable to bo redeemed
after 1885 at 105 by a sinking fund, which is
provided for by increased
rentals to be paid for that
purpose. (V. 35, p. 456; V. 37, p. 534.)

Chicago Sc West Michigan.—Owns from Lacrosse, Mich., to
Pentwater, Mich., 209 miles; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70
miles; Fruitport to Muskegon,
10 miles; Kirk’s Junction to Pickand's
Junction, 3 miles; Muskegon
to Port

Sherman, 6 miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51
miles; White
River Junction to Bal lwin, 20 miles; total operated, 413 miles.
Organ¬
ized as successors of Chicago A Michigan Lake Shore Jan.
1, 1879, and
consolidated in Sept., 18S1, with the Grand Haven road, 57

mileq,

4,419,357 4.335,961
703,536
957,956
8190
8G-27

Division—Covington to Omaha, 126miles; Niobrara Branch, 16 miles;
Missouri

Mail, express, Ac

500.000

....

$
$
872,328
715,122
Maint.ofequip. 303,648 362,301
Transp’u exp’sl,625,26 > 1,550,522

Earnings—

2,701,000

1865

....

6 g.

6 g.
2
8

6,796,800

....

1869
1871
1875
1881

4 miles; Eau Claire Branch, 3 miles; Neillsville Branch. 14
miles; St.
Paul to Minneapolis, 10 miles.
Northern Division—North Wisconsin
Junction to Bayfield, 173 miles; Ashland Junction to Ashland, 4 miles.
St. Paul& Sioux City Division—St. Paul to Sioux City, 269 miles;
Lake
Crystal to Elmore, 44 miles ; Heron Lake to Woodstock, 41 miles; Sioux
Falls Juno, to Salem, 98 miles; Lawrence to Doon, 28 miles. Nebraska

Passenger

75,000
3,300,000
7,200,000

1,000

Chicago St. Paul Minneapolis Sc Omaha.—The mileage is as
Division—Elroy to St. Paul, 196 miles; River Falls
Branch, 12 miles; Stillwater Branch, 4 nines ; South Stillwater Branch,

Miles owned and operated

800,000

6,030,000

1,0*00

follows: Eastern

were as

6
6 g.
6
0 g.
7
8
7

125.000

Opcr. Expens.—

Total

1\

334,800

Maint. way, Ac

Net earnings.
Per cent of operating expenses to earnings
—(V. 37, p. 421, 424; V. 38. p. 177, 358, 539.)

Earnings, Ac.,

When

Pay’ble

5 g.
7
7
7
7
7

22.089,700
12,584,600
11,222,000
3,000,000

100

....

Motive power. 1 290,030 1,459,6^5
Gen’l & taxes.
234,586
218.331

Total

Rate per
Cent.

224,000
2,631.000
715,000
10s,500
780,000

86
354
354
60

1832.

Freight

Outstanding

....

follows:

1883.

Earnings—
*
$
Passenger..:. 1,128,909 1,163.407

39

INTEREST OR DIVIDENDS.
Amount

$1,000 $12,521,000

....

of improvements ana additions made since your
company as aimed con¬
trol oi the property and which, under the administration of the receivers
of the C. C. A I. C. Railway, had been charged to expenses.”
The full interest charge per year is about
*1,000.000.
expenses
1832.

BONDS.

—

530
1st M Chic. A G’t East. (Chic, to Logansport)
117
do
Col. A Ind'polis Cent. (Col. to Ind’s, Ind.)..
208
do
Union A Logansp’t (U’n City to Logansp’t)
93
do
Ciun. A Chic. Air Line(Richin’d to Logans.)
107
2d M. Col. A Ind’polis Cent. (Cov. to Union
208
City)..
Chic. St. Paul Min'polls <£ Omaha—Common stock.. 1,280
Preferred stock
1.289
Consol, mortgage ($15,00 ) per mile)
St.
Chic.
Paul A Minn., 1st inert., gold, coup
177
North Wisconsin, 1st mortgage
120
St. P. & Sioux City, mort., gold, for $7,000,000
605
St. Paul Stillwater A Taylors’ Palls, 1st mort
23
Hudson A River Falls. 1st mort
12

Earnings and

AND

great favor by giving immediate notice of any error discovered in tliese Tables.

a

DESCRIPTION.
For

STOCKS

(7)

$1,891,457
547,777
....

770.476

(7)
1 2.357

Muskegon to Allegan, and the Grand Rapids Newaygo A Lake Shore, 46

miles, from Grand Rapids to White Cloud.
The ;umual report was in V.
38, p. 477, and the comparative statistics

for three years were as follows:
Total miles operated

Earnings—

Passenger

Freight
Mail, express, Ac

1881.
367

1882.
410

$
401,428

$
.458,949
995,674

877,936
45,688

.

Total gross earnings
Operating expenses

1,325,052
1,054,980

1883.
413

48,810

$
466;053
1,026,938
57,107

1.503,433

1,550,098

1,047,788

1,185,224

INCOME ACCOUNT.

Receipts—
Net

earnings.
Other receipts
Total income
Disbursements—
Interest on debt
Dividends

......

Total disbursements

Balance, surplus
-(V. 38, p. 477.)

$
270,072
2,325

455,645
7,068

$
364,874
7,559

272,397

462,713

372,433

$

$
117,756

$

$

191,423
153,580

217,024

184,506

117,756

345,003

401,530

154,641

117,710

dof. 29,097

Cincinnati Sc Eastern. —Cincinnati to Ottawa. 0., 87 miles, and
branch to Richmond, 12 miles. Leases Columbus A
Maysvllle road, 20
miles. New arrangement made by a syndicate in
1883, but road went
into receiver’s bands, and in Oct., 1883. the receiver was authorized to
issue $250,000 certificates to complete the road to Portsmouth. In
1881-82 gross earnings were $ >5,850; uet.$22,717. There is a 2d mort¬
gage oil main line, $259,5u0, duo 1890; a 3d mortgage of $704,000, and
amort of $86,000 on branch, due 1903. (V. 36,p.365; V. 37,
p. 22, 445.)
Cincinnati Hamilton Sc Dayton.—Owns from Cincinnati, O.
Dayton, o., 60 miles; leased—Dayton A Michigan, Dayton to
Toledo. 142 miles; Cincinnati Hamilton A
Indianapolis, Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond & Chicago, Hamilton, O.,
to Indiana State line (and leased road), 44 miles;
McCoiub Toledo A
D., 9 miles: total operated, 351 miles ; each lease reported separately.
In April, 1882, Mr. Jewett, of the Erie, and
associates, obtained
control of the stock by guaranteeing 6 per cent on 20,<>00 shares which
were purchased and deposit ed in trust and trust certificates issued there¬
for; the guarantee is to make up any deficiency in 6 uer cent dividends
on those shares after the application of net income thereto.
In August,
1882, the issue of $1,009,000 preferred stock was voted for improve¬
ments.
The annual report for 1883-84, in V. 38, p. 737. and V.
39,
to

p.

21, had the following:

There were 1,011 shares of preferred stock sold during the year, and
the iol owing expenditures made and
charged to construction, equip¬
ment and real estate:
Extension of double tracks, side track, Ac
Balance paid on passenger ears and for real estate
Total construction, equipment and real estate
Bmount realized from sale of preferred stock
Balance advanced from

earnings current

Balance advanced from earnings last year
Total advanced from

$109,939

$40,353
$155,942
191,100

$54,842

j'ear

148,447

earnings since 1882.

Income account in the fiscal years

including all the roads operated:
1880-81.

ending March 31

1881-82.

was as

1882-83.

$203,289
follows,

ls83-84.

$1,619,332 $1,777,663 $1,887,144 Gross receipts
$2,882,300 $2,961,446 $3,088,407 $3,042,461
Balance surplus
$208,896 - $191,221
$552,900 Operating expenses. $1,895,300
$2,031,664 $2,014,907 $1,994,706
—(V. 33. p. 285, 332, 507, 539; V. 39, p. 409.)
Taxes, Ac
80,022
83,002
85,119
88,939
Chicago Sc "Western Indiana.—Owns from Dolton and Ham- O. H. AD. div
26,482
moud, Ill., to Chicago, with a belt railroad and branches, with ware¬ Interest...
539,516
579,315
512.096
509,840
houses, elevator, Ac., 49 miles of road and 129 miles of track in all, I). A M. dividends...
132,902
132,164
132,015
132,015
including second track and sidings, and about 400 acres of real estate. Profit and loss
3,710
750
3,318
5,735
This company leases its road for right of way into Chicago and terminal Other items
14,500
10,086
450
6,880
facilities therein to the Wabash, the Gr. Trunk of Canada, the Chicago A
East. Illinois, the Chic. A Atl. and Louisv. New Albany & Chic, roads:
Total
....$2,705,751 $2,799,750 $2,751,778 $2,758,229
the annual rental0 amount to $762,650, exceeding the interest charge
by
$132,650. In 1882 a consolidation with the 8. Chic. A West. Ind. RR.
Net surplus
$176,554
$161,696
$336,629
$284,232
and the Western Ind. Belt road was mode with stock of $5,000,000 and
-(V. 36, p. 705, 730 ; V. 37, p. 478; V. 38, p. 73 7; V. 39, p. 21, 208.)




KAILEOAD

30

STOCKS

BONDS.

AND

fV0L. XXXIX.

•i
Subscribers will confer

a

Bonds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

discovered In these Tables.

great favor by giving immediate notice of any error

explanation of column headings, Ac., see notes
on first page of tables.

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.

Amount

Outstanding

Rate per
Cent.

When

Where

pal, When Due.

Payable, and by Stocks—Last
Dividend.

Whom.

Payable
-

■

Cincinnati Indianap. St. Louis d
Tnd. A Cin. of 1858, 1st mort

382
95
151
20
20
175
56
148
336
50
36

Chicago—Stock..

Indianapolis Cin. A Laf. mortgage
Cin. & Ind., 1st mortgage
do
2d M., guar., and funded coupons
Consol, mort. (for $7,500,000)
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cincinnati d Muskingum Valley—1st mortgage
Cincinnati New Orleans d Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond d Chic.—1st mort., guar. C. H. & D..

90
190
190

d Cleveland—Stock

Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City A Ind
2d mortg. Cine., Sandusky A Cleve
Cincinnati d Springfield—1st mortgage, guar

47

165
281
281

Cincinnati Wabash d Michigan—Stock ($3,000,000)
Cincinnati Washington d Salt.—Common stock
Preferred stock
1st mort. gold, coup, or reg., guar, by B. & O
2d

«

mortgage, gold

-

-

4 after).

m

M

-

„

....

m

m

m

1,000
1,000

1,202,000

100

3,000,000

1,000
1,000
1,000

1,000.000

m

m

13,535,903

Tot. disbursem’ts

$

973,652

903.190
$

626.233

360,000
(6 p. e.)
6,732

315,000

(l^p.c.)
2,312

5,254

958,058

938,501

631,4-7

35,151
271,703
208.687
42.551
Balance, surplus...
—(V.37, p. 341, 479, 509; V. 38, p. 261, 508; V. 39, p. 263, 296.)

Cincinnati Sc Muskingum Valley.—Owns from Morrow, O., to
Dresden Junction. O., 148 miles. Chartered as Ciun. Wilm. & Zanes.

Sold under foreclosure Oet. 17, 1863, and
Cincinnati & Zanesville March 11, 1864. Sold again
Dec. 10, 1869, and reorganized as at present. Leased for 99 years from
Jan. 1, 1873, to P. C. A St. Louis, lessees to pay all expenses and inter¬
est. any excess of earnings to inure to the lessors.
Gross earnings in
1882, $386,740; net, $86,864 ; in 1883, gross earnings, $394,050; net,
$566; interest paid, $105,000; deficit advanced by lessee, $104,433
opened in 1857.
as

Total

amount

due lessee Dec. 31, 1883, $915,594.

Capital stock,

$3,997,320.
Cincinnati New Orleans Sc Texas Pacific.—(See Map). -This is

organized under the laws of Ohio Get. 8, 1881, to operate
is held by the Eng¬
lish company, the Alabama New Orleans & Texas Pacific Junction Co.,
Limited. The Cincinnati Southern road extends from Cincinnati to
Chattanooga, Tenn., 336 miles.
The rental due the Cincinnati
Southern is *812,000 per year till 1886, then $912,o€0 till 1891.
$1,012,000 till 1896. $1,102,000 till 1901, and $1,262,000 till 1906.
For 1882, gross earnings, $2,570,057;
net, $991,131; dividend in
Feb., 1983, $90,000. In Ls83 gross earnings $2,5 7* *.057; net, $9L7,0 >3;
rental and expenses, $830,750; deficit, $34,726. John 8cott, President,
Cincinnati. (V. 37, p 534; V. 38, p. 260 ; V. 39, p. 348.)
Cincinnati Northern.—Dayton. O., to Cincinnati, 60 miles. Con¬
necting line of the Toledo Delphos & Burlington, aud in March, 1883.
consolidation with the Toledo Cineiunati & St. Louis was voted, aud
after that company defaulted an attempt was made to get a separate
receiver for Cincinnati Northern. There are also $L,000.000 of income
bonds, and an authorized issue of $1,000,000 mortgage bonds on the
Avondale branch, of which $700,000 are outstanding.
The coupons
of 1st mortgage bonds from Oct., 1982. to Sept., 1884, inclusive, were
to be funded into a o per cent scrip. Stock, $1,000,000. (V. 36, p. 108,
365, 39u; V. 37. p. 176, 563 ; V. 39, p. 22.)
Cincinnati Richmond Sc Chicago.—Owns from Hamilton, O.,
to Indiana State Line, 37 miles; leased, Richmond, Ind., to Ohio State
Line, 7 miles; total operated, 44 miles. Reorganized May 3, 1866,
and leased in perpetuity from February, 1869, to Cincinnati Hamilton
A Dayton Co., this company to receive all surplus after expenses and
bond*interest. Gross earnings in 1882-33, $251,003; net, $109,844;
int., $53,900; snip., $55,944. Gross in 1883-4, $247.911; net,$S6,256;
int., $43 1 ^0; surplus. $43,069. Capital stock, $382,600.
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
mond, Iud., to Atams, Ind., 86 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years
to Grand
Rapids & Indiana, the rental being not earnings; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton & Dayton Company, jointly.
Gross earniugs
in 1883, $426,818; net, $89,261. Loss to guarantors, $73,222. Capital
stock. $1,709,192. Total advances by guarantors, $805,925.
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated, 214
the company

the Cineiunati Southern, and 51 per cent, of the stock




Oct,, 1888
Feb., 1897
Dec., 1892

Jan., 1887 ,’92
May 1, 1920
Mch., 1901

Jan., 1901
Feb. 5, 1893
Oct.

1,

1920

July, 1895
Jan. 1, 1889
June, 1921

May 1, 1884
May 1, 1884
Aug. 1, 1900
Meh.. 1887
1, 1890

Dec.

April 1, 1901
1902

:

....

4,000,000

1883-34

April 16, 1883

....

1,000

1,000,609
$

in 1851 and

A
A
J. A
A. A
J. A

1,000

1,000

96 ,199

reorganized

A

3,040,000
500,000
2,270,000
3,500,000

$

752,803

do
J.
do
D. N. Y., Winslow, L. A Co.
N.
Boston, Office.
do
do
N.
A. Boston, Nat. Revere Bk.
S.
Boston, Office.
do do
D.
N. Y.. U. S. Trust Co.
O.
do
J.
do

7,500,000 4^gA 6g M. A N. N.Y.,Farm’s’ L.A Tr.Co.

$
591.326

O.

1,000

$

$
621,159

N. Y., Geo. W. Ballou.
J.'N.Y., Winslow, L.& Co.

A
&
A
A
A

1,000
1,000

INCOME ACCOUNT.

$
565,909
180,000
(1*2 p. e.)
6,894

A.
J.
J.
J.
M.
M.
F.
M.

1883
1883
1883
1883
1883

In July, 1881, $2,000,000 new stock was sold to stockholders at 70,
ar.c^proceeds used to extinguish floating debt, and for other purposes.
In June. 1882, another issue of $1,000,000 new stock was voted. Afterpaying dividends of 6 per cent in 1881, 6 in 1882, and 3 in 1883, the
dividends Irom July, 1883, were passed, the money being required for
repairs of damages by flood, Ac.
The President’s annual report for year ending June 30, 18 94, was in
V. 39, p. 263, and the statistics of income, Ac., on p. 296.

Net earnings
Disbursem en Is—
Interest on bonds
Dividends
Rate of dividends..
Miscellaneous

New York.
& O. N. Y., Amer. Ex. Bank,
do
& A.
do
do
do
& D.
do
do
& J
& N.
do
do
& S. N. Y., Am. E.Nch. N. Bk.
A J. New York, Moran Bros.

Q.-J.
A.
F.
J.
J.
M.
M.
J.

18.93

the Indianap. Cin. & Laf. 7s of I860

1882-83.

7

100

could be exchanged at par.

1881-82.

651,000

Too

Of the $7,500,000 new bonds $6,885,000 was reserved, into

Receipts—

2,000,000

3
6
7
7
7

624,000
350,000
1,072,300

1.945,530
6,854,096

formerly the Indianapolis Cin. & Laf., which was a

1-80-81.

7

7 g.
2

428,850

1,000
1,000

consolidation in 1876 of the Indianapolis & Cin. and the Laf. A Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
A Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road was sold in foreclosure Feb. 2, 1880, aud this company
which all of the old bonds prior to

560,000
65,000
1.800,000
4,015,750

m

VernonGreen. A Rush., 44 tniies (leased); Kankakee & Seneca (onehalf owned), 43 miles; Col. Hope & Green., 26 miles; total operated, 411

organized.

1,500.000

a

Cincinnati Indianapolis St. Louis Sc Chicago.—Owns
from Cincinnati to Lafayette., Ind., 174 miles; Lawrenceburg branch,
3 miles; Harrison branch (partly owned), 7 miles; Fairland F. A M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 76 miles;

miles.
This company was

1,120,000

1.000
50
50
m

7
7
7
7
6
7 g.
7
3
6 g.
7

499,000
1,329.000

1,000
1,000
1,000

m

1*2

$7,000,000
1,599,000
2,790,000

1,000

....

....

Prior lieu, gold
3d mort., gold (3 pr. ct. for 10 years and
1st income mort., non-cumulative, gold
2d income mort., non-cumulative

1880
1866
1869
1871

1866
1852
1867
1871
1872

47

2d mortgage

500 Ac.

■

36

2d mortgage, guar, and owned by C. H. & D
Cin. Richmond d Ft. IT.—1st mort.. gold, guar
Cincinnati Sandusky
Preferred stock

$100
1858
1867
1862
1867
1880
1871
1870

*

5 £•

4^g.
3-4
5
5

do
do
do
do
do

J. A J.
A. A O.
F. A A.
,

....

“

“

“

"

do
do
do
do
do

1, i931
1, 1931
April 1, 1893
Nov. 1, 1931
Nov.
Nov.

Nov. 1,
Nov. 1,

1931
1931

miles, less the division between Springfield & Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati & Indian¬
apolis. Six coupons on 2d mort. bonds were funded from June, 1877,

bond scrip is outstanding. The preferred stock
of old bonds in trust.
The Receiver, after a
of the property, was discharged January 1880.
In Anril, 1881, a lease was made to the Indiana Bloomington A Western.
By the terms of the lease this company takes 33is per cent of its gross
earnings as rental; but the amount in any one year shall not be less
than $220,000 nor more than $500,000.' In Nov., 1882, a dividend
of 2 per cent cash and 10 per cent in the stock of the Columbus Springand

$222,064 in

coupon

has a lien by deposit
three years’ possession

field & Cincinnati RR. was declared.
In 1893 rentals received and
miscellaneous receipts were $365,626. Payments—Expenses, $27,491;

interest, $156,543; dividend on preferred stock, $25,419 ; dividend on
common stock, $79,761; sinking fund, $L7,560, Cincinnati Sc

Springfield. —Operates from Cincinnati, Ohio, to

Dayton, Ohio, 80 miles, of which 33 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
& Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion. Lessees apply any excess over rentals to C. & S. stock. Interest
is guaranteed on the first mortgage, one-lialf by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 18.94,
the C. C. C. A I. had advanced $2,423,160.
Gross earniugs in 1883,
$947,253; net. $190,177; rentals paid. $179,905; interest on debt,
$L85.220; total, $365,125; deficit, $174,497; deficit in 1882, $279,020.
Cincinnati

.

Wabasli

Sc

Michigan

Railway.—Owns

from

Benton Harbor, Mich., to Audersou, Ind., 165 miles. Sold Nov. 5, 1879,
for account of bondholders.
New company organized April, 1880.
Total stock authorized. $3,000,000. Gross earnings for 1882, $290,920 ;

net, $79,589. Gross in 1883, $334,774; net, $26,074.
President, Cleveland, Ohio. (V. 38, p. 424.)

J. H. Wade,

Cincinnati Washington Sc Baltimore.—Cincinnati, O., to
Belpre, O.. 193 miles; branches Marietta to Belpre, 11 miles; Ports¬
mouth to Hamden. 55 m ; Blanchester to Hillsboro, 22 m.; total. 281 m.
The Marietta & Cincinnati wts a eo isolidation in 1851 of the Belpre
Sc Cincinnati and the Franklin A Ohio River roads, and afterward
absorbed the Hillsboro & Cincinnati and the Scioto Valley. The Cincin¬
nati & Baltimore (into Cincinnati), ana the Baltimore Short Line (main
line to Belpre) were leased,and on the reorganization have been consoli¬
dated. The Marietta & Cincinnati Co. made default, and the road was
placed in the hands of Mr. John King, Jr., of the Baltimore & Ohio,
as receiver, June 27, 1877, and a foreclosure suit was begun.
The sale
in foreclosure took place Dee. 9. 1882, and re-organization was made
Feb. 7, 1883, under name of “Cincinnati Washington & Baltimore.”
The company had run behind largely in its inpome, partly owing to the
fact that large rentals and interest were paid to the Cincinnati A Baltimore aud the Baltimore Short Line, in which companies Baltimore &
Ohio parties were interested. The total yearly charges were about
$1,400,600, and by the reorganization are reduced to about $700,000.
The three old mortgages on different roads given in the last three lines
of the table above were allowed to remain ;'then prior lien bonds were
issued for receiver’s certificates. Of the first mortgage bonds, $1,250.000 were issued for the Cincinnati A Baltimore Railroad stock, and bear
6 per cent; the balauee 4*2 per cent. These bonds are guaranteed
by the Baltimore & Ohio Railroad Company. The income bondholders
will be entitled to one vote at
all meetings of stockholders for
every one hundred dollars held. The holders of Marietta A Cincinnati
first preferred stock paid a cash assessment of $2 50 per share; 2d pre¬
ferred, $1 50 per share; common, $150 per share. The Baltimore &
Ohio RR. Co. received for its claims $3,100,009 of the new preferred
stock and $3,100,000 of the common of the new company.
4
The annual meeting was h*dd in April, 1894, and the following direc¬
tors elected: Orland Smith, George Hoadly, James D Lehmer, Josiah
\j. Keck and Wm W. Peabody, of Cincinnati; Win T. McClintick, of

Chillicoth**; Robert Garrett and John Carroll Walsh, of Baltimore, and
Edward R. Ba. ou, of New York.
Gen. Orland Smith was elected Pres’t.
The Marietta & Cincinnati was an expensive road to operate, even
without including the rentals.
A liberal allowaiio* should probably be
made for expenditures in putting the road in better condition during
the

receivership.

The fixed

In the year

charges of the new company will be about $700,000 per year.
1893 earniugs and inc .me were as follows:

Earnings.
Passenger

Freight
Mail, express, Ac

$562,881
1,177,131
249,805

Operating expenses.
Main ten’nee of way, <v c.
$308,967
Maintenance of equip’t
T* ansportat'n expenses
Taxes and rents

Total

$1,489,820
$500,042
74-87

Total expenses

earnings...... $1 999,867

90,193

81,478

General

Net earniugs
Per cent of expenses

460,673
545,511

to earniugs
INCOME ACCOUNT.

Net

earnings

—

$173,648

Balance, deficit
-(V. 37.

p.

74; V. 39. p. 60. 455, 677

$500,042

o73,690

Interest-on debt

:

V. 39,

p.

96.)

/

\
,

BSAOTNODCSK.

RAILOD
MAP OF THE

CINCINNATI,
NEW ORLEANS
oo

00

03
W

AND

TEXAS PACIFIC R Y

PQ

O
H
O

O




AND CONNECTIONS.

U»2

RAILROAD

Subscribers will confer

Miles

For explanation of column headings, Ac.,
on first page ol' tables.

Date
of
of
see notes
Road. Bonds

Cincinnati Washington & Baltimore—(Continued)
Baltimore Short Line mortgage

-

1869*

Cincinnati A Btiltiraore mortgage
Scioto 6c Hocking Valley mortgage
Cleveland Akron <£• Columbus—Stock
Cleveland Columbus Cincinnati db Ind — Stock
1st mortgage Bel. A Ind
do
C. C., C. A I. sinking fund
Cons, mortgage (sink, fund 1 p. c.)
General mortgage, gold (for $12,000,00 )

....

226
199
199

equipment bonds

....

....

13
323
164
164
40

Deposit—1st mortgage

&

$1,000

1,000
1,000
1,000

....

1873
1876
1870

”50
1862
1867
1873
1881
1868
1879
1831
1881
lo68

500

1,000
1,000

1,000

IiR.
the

large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
until February, 1880. and none after that till February, 1-83. In 1882
the company acquired control of the Indianapolis & St. Louis, and made

anew lease of the St. Louis Alton A Terre Haute Railroad.
The report
said: “The principal changes are that your company becomes a .joint
lessee with the Iudiauapolis & St. Louis Railway Co., and jointly liable
for the rent to be paid.” * * * “ Under the new lease the l ent
guar¬
anteed Is $450,0ou. and that amount is all that is to bo paid unless the
gross earnings exceed $1,750,000, and then hut 20 per cent is to be paid
of the excess of gross earnii.gs over $1,750,000.” The sinking fund
provision of consolidated bonds may be canceled at option of holders,
and the bonds so stamped.
Tlie annual report for 1883 was in the Chronicle, V. 38, p. 385, and
contained the following, the tables including the c. C. C. & L only:
“There has been advaneed during the year to the Ind. & St. Louis Ky
and to the receiver of the Ind. & St. Louis Railroud to provide fwout
lays in carrying forward the plan of this company, a total sum or
$1,109,797. Theie has been an vaneed to the Cinn. A Spring. Rail way
during the year $88,281 for improvements; and the deficit in operating
in 1883 was $174,947, making tin* total sum advanced $263,228.
“The expenditures made during the year upon the main line on account
of additions were +382.710. The bonded debt of the company has been
increased $930,000.” * * *
“The further action of a our board has been to order tlie preparation
of anew general mortgage of the Clev. Col. Ciu. A Ind. Rv in amount
$12.000,M)0, to include and ultimately retire all the outstanding moltgages, and thus yie ding about four and one-lialf million doll rs oi bonds

pro\ isi- n for the present and future requirements of the railway in
its development and additions to iis real estate.”
Gross earnings from Jan. 1 to April 30, 1884, were $1,191,013,
against
$1,305,138 in 1883; net, $262,243, against $314,741 it* 1883.
as a

OPERATIONS AND FISCAL RESULTS.

1680.

1881.

391

1682.

391

1883

391

391

858,791
Passengers carried...
899,330
1,035,764
978,4o8
Passenger mileage
40,363,416 41,089,179 44,759,9*32 43,548.617
Rate $ pass. $ mile.
2-139 cts.
2159 cts.
2 235 cts.
2 217 cts.
Freight (tons) moved
2.755.867
2 527,993
2,441,643
2,880,923
Freight (tons) mil’ge. 420,482.919 480,723,710 447,411,484 408M36.350
At. rate $ ton $ mile
0 671 cts.
0 706 cts.
0 792 cts.
0*751 cts.
Earning8—
$
$
$
$
899.918
Passenger
863,448
1,000,270
965,693
Freight
3,328,209
3,225,356
3,159,417
3,068.717
Mail, express, Ac..
146,451
165,0/6
178,788
178,697
...

..

Total gross earu’gs.

4.338.108

Total operat’g expen.

2,976,625

4.290,350
2.967,169

4,318,475
2,963,778

4,213.107

If et earnings.

1,361,483

1.323,181

1,374,697

1,194,725

1882.

1883.

3,018,382

INCOME ACCOUNT.

Ib80.

Receipts—
Net earnings
Rentals and interest.
Miscellaneous
Total income
Disbursements—
Interest on debt

Taxes
Dividends

Miscellaneous

1881.

$

$

123,405

1,323,181
86,271
32,240

1,374,697
103,125
94.305

$
1,194,725
129,497
165,531

1,587,294

1,441,692

1,572,127

1,4S9,753

1,36?,483
102.406

475,218
112,688

498,615
121,276

16,437

268

12,313

507,453

125,144
(2) 299,984
26,995

Total dishursem’ts.

1,324.657
588,174
632,204
Balance, surplus
262,637
853,518
939,923
—(V. 36, p. 285, 338, 730; V. 37, p. 342, 446, 594; V. 38,
381, 374, 385, 424, 447, 764 ; V. 39, p. 47.)
“
“




p.

959,576
530,177
2H1. 293,

Payable, and by
Whom.

J. A D. N. Y., Farm.Ln.ATr.Co.
J. A J.
do
do
M. A N.
do
do
do
do
2
F. A A.
N. Y., U. 8. Trust Co.
7
J. A J.
do
do
7
M. A N.
do
do
7 or 6 g. J. A D. New York or London.
6 g. J. A J.
New York. *

7 g.
7
7

A.
M.
F.
M.
J.

7

F. A A.

N.Y., Winslow, L. A Co.

Q.-M.

N. Y., Farm. L. A T. Co.
do
do
do
do
do
do
N. Y., Central Trust Co.
Phila.. Phil. A R. Office.
Boston. Treas.’s Office.
N. Y., Nat. Park Bank.
do
do

312

13*
6
7
7
0 g6
7 g.
6 g.
6
7

600,000

4,701,000
*2,000,000
1,000,000

1,882,000

J.
M.
J.
J.
J.
J.
J.
A.
F.

A
A
A
A
A

O.
N.
A.
8.
J.

A

J.
A N.

A
A
A
A
A
A
A

J.
J.
D.
J.
J.
O.
A.

N.Y., Union Trust Co.
Cleveland, Office.
N. Y., U. S. Trust’ Co.
do
tlo
N. Y., Union Trust Co.

Phila., Penn. RR.

Bonds— Princi

pal,When Due
Stocks—Last
Dividend.

Den. 1, 1904
Jan. 1, 1900

May 1, 1896
Feb.

1, 1883
Until 1899

May, 1899
June
Jan.

1,1914

1, 1934

Oct.

1, 1898
(!)
Aug. 1, 1893

Sept. 15, 1896
Jan., 1890

Aug. 1, 1905
Sept. 1, 1884
Jan., 1892 r
Nov. 1, 1900
Jan.

1.

1913

July 1, 1921
June 1,

1898

July, 1909
Jan.

1,

1916

April 1, 1923
Feb. 1, 1896

Cleveland Lorain 6c Wheeling.—Owns from Lorain. O., to
West Wheeling, O., 158 miles. Chartered as Lake Shore 6i Tuscarawas
Valley in 1870 and opened in 1873. Sold under foreclosure Jan. 26,
1875, and reorganized as Cleveland Tuscarawas Valley A Wheeling. In
February, 1882, receiver appointed in a suit under the mortgage ot

1878, and in February, 1883, road sold and reorganized as Cleveland
Wheeling. Tlie new company has no bonded debt except the
$70o,000 in table above. For liM^ months to Dec. 31. 1883, gross
earnings were $938,461; net $366,286 ; interest, $49,000.
Lorain A

Cleveland 6c Mahoning Valley.—Owns from Cleveland. O.,
to Sharon, Pa., 81 miles; Niles, O., to New Lisbon. O., and branches,
46 miles; total operated, 127 miles.
It was leased to Atlantic 6c Great
Western in perpetuity from October 1, 1861. A new lease was miwle
to the reorganized company. New York Pennsylvania A Ohio, till Oot.

1, 1962, at $357,180 per year till January, 1885, aud $112,180 per year

afterward.

Cleveland 6c Marietta.—Operated from Marietta, O., to CanaDover and blanch, 99 miles.
This company was organized as suc¬
cessor of the Marietta Cleveland A Pitts., which was foreclosed June
13,
1877. In Aug., L884, intere t was not paid, owing to failure of C. K.
Garrison. Darnings for 1881-82. $208.585; net. $79,356.
Earnings
in 18&2-83, $197,466; net, $47,337. R. C. Livingston, Pres’t, N.Y.
City.

Cleveland 6c Pittsburg.—Owns from Cleveland, O., to Roch¬
ester, Pa., 124 miles; branches—Bayard, O., to New Philadelphia, 31
miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trans:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital

and

$10,000 per year for company

bilities.

The terms of the lease

expenses, the lessees assuming all lia¬
10 per cent, but the old stock was

were

subsequently converted into a 7 per cent stock by an increase iu amount.
In 1882 surplus income over charges to lessee was $474,951. This
company’s annual report for the year ending November 30, 1882, stated
that final settlement had been made with the Pennsylvania Railroad
Company in the matter of surplus assets remaining to this company, as
of the date of the lease, after closing its business, which surplus accrued
to tlie lessee by the terms of the supplementary agre> mont of November
30,1871. “The total amount transferred as authorized by the board
of directors is $202,291. This sum has been charged against construc¬
tion, meeting the old balance of net earnings—$390,138—credited to
construction in the year 1880.”
Operations and earnings for three years (ending December 31) were
follows:
Years.

Miles.

1881....... 226

Passenger
Mileage.

22,265,486

18-2...... 226
1883
226

23,234.059
24,071,544
-(V. 36, p. 79: V. 38, p. 87.)

Freight (ton)

Net
Div
Gross
Earnings, p.c.
Earnings.
211,190,606 $3,112,021 $1,507,131
7
215,901,749
7
3,353,363
1.734,467
228,440,527
3,349,424 .1,606,381
7

Mileage.

Cleveland Youngstown 6c Pittsbu
rg.—Narrow-gauge road in
progress from Southington, O., to Steubenville, O., 1O0 miles, and 32
miles branches. 8event.-five miles finished to Deo. 31. 1883. E timings
in 1882-83, $43,435; net, $17,372.
In March, 1884, Robert Martin, of

Steubenville, O..

appointed receiver, and a sale in foreclosure
Henry W. Ford, President, 5 Cortlaudt St.,
294.)

was

afterward order. *d
York.

(V. 38,

p.

Colebrookdale.—Owns from Pottstowu. Pa., to Barto,
miles. Leased for 20 years from Jan. 1,1870, to Philadelphia A
at 30 per cent of gross earnings. Gross earnings in 1882-83,
net earnings (30 per cent rental), $18,381.
Gross in 1881-82,

net, $17,309.

Capital stock,.$297,215.

.

as

w

Pa., 13
Reading,
$61,270;
$57,698 ;

Columbia A; Greenville (S. C.)—The
owns
from
company
Columbia to Greenville1, S. C., 143 miles; branches to Abbeville and
Anderson.21 miles; total, 164 miles. Also owns Laurens RR., 31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union A Col. RR.,
69 miles. Total operated, 296 miles. In 1878 a Receiver took possession
of the Greenville 6c Columbia aud the road was sold in foreclosure April
15, 1880, and reorganization was made under this name; preferred

stock, $1,000,000; common stock, $1,000,000; all in $100 shares.
A majority of the stock is held by the Richmond & West Pt. Terminal
Co. The gross earnings on all lines in 1882-83 were $836,375; net,
S29P.108; interest, $202,659; rental, $50,000.
Six per cent paid on
preferred stock, December, 1882. (V. 36, p. 251, 560; V. 38, p. 2U2;
V. 39, p. 297.)

'L

nlie)—Wyo

miles, and Julesburgto La Salle, 151 miles; leases
in Wyoming to Hazard ; total standard gauge owned and
operated, 292 miles; Golden to Georgetown (narrow gauge) 23 miles,
ary line to Denver, 132

9 miles

440,492
11+,188
(5) 749,540

Where

7
7
7

7

,

Ojnra lions—

Payable

654,600
500,000
1,547,000
1,000,000
11,222,550
1,096.000
2,351,000
1,764,000
(!)

1,000
1,000
1,000
1,000

Columbus Cincinnati & Indianapolis.—Owns
O., to Columbus, O., 138 miles; Gallon, O., to Indian¬
Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
Cincinnati 6c Springfield RR., 80 miles;" Levering Station to
Gilead, 2 miles; Ind. A St. Louis RR , Indianapolis to Terre
72 miles; St. L Al. & T. H., East St. Louis to Terre Haute. 18 +
Alton branch, 4 miles; total owned, leased and oiterated, 738
This was a consolidation in April, 1808, embracing the C. C. 6c c.

Miles owned

When

Cent.

2,759,200
740,500

100&C.

Columbus.—Owns from Hudson, O., to
Default was made July, 1874, by Cleve¬

miles.
and the Bellefontaine roads; subsequent^' leased Ciun. & Spring.
and St. L. Al. & T. H. RR., and purchased Ind. A St. L. RR.
The company paid dividends prior to 1877, but after that

Rate per

700,000
50
500 Ac.
500 Ao.
500 Ac.

Cleveland

Mount

2,500,000
1,000,000
4,600,000

1878

from Cleveland,

Haute,
miles;

3,000,000
3,923,000

1,000

ing the Holland bondholders and company reorganized without bonds.
Gross earnings in 1881-82, $400,929; uet, $77,214. Gross in 1283.
$523,983; net, $117,319.

leased,

300.000

4,000,000
14,991,600
347,000

100

1864
1869
1874
1884

land Mount Vernon A Delaware. Bold in foreclosure August 20, 1881.
In March, 1882, the decree of foreclosure under which sale had been
made was reversed, uud road was soul again June 7 to parties represent¬

apolis,

$750,000
500,000

1,000

I860

Cleveland Youngs, dt Pitts — 1stM.,g.,for$1,600,000
Colebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Columbia <C Greenville— New mort.,g’ld,coup. or reg

Akron

Outstanding

Too

158
158
127
67
67
35
99

Wheeling 1st rnort.

Cleveland <6 Pittsburg— Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..

Cleveland

Amount

158

1st mortgage, extended
3d rnortg. (now 2d)
Niles A New Lisbon, 1st mortgage
Cleveland dt Marietta.—Stock
1st mortgage

Columbus, O., 144 miles.

or
Par
Value.

....

144
391
202
390
390

Cleveland <& Matwning Valley—Stock

2d mortgage
Columbia <£ Port

[Vol. XXXIX

INTEREST OR DIVIDENDS.

8ize,

1852

Cleveland Lorain <& Wheeling— Stock, common

Construction and

BONDS.

great favor by giving immediate notice of any error discovered in these Tables*

a

DESCRIPTION.

Stock, preferred
Clevel’hd Tuscarawas Val. A

STOCKS AND

and Forks of Creek to Central, 11 miles; total narrow-gauge, 39
miles; total operated, 330 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8 per cent bonds, of whioll $87,000
are yet out.
Stock, $6,230,300. Gross earnings in 1883, $1,543,550;
net,

$553,898.

Colombia 6c Port Deposit.—Owns
Port Deposit, Md., 4o nines. Leased.ito and

from Odumbia, Pa., to
perated >y Pennsylvania

RAILROAD

October, 1884,]
Subscribers will confer

a

—

i

;

explanation of column headings, Ac.,
on first page of tables.

see

notes

Columbus Hocking Talley d Toledo—Stock..
Consol, mortgage, gold (for $14,500,000)
1st mortgage, sinking fund bonds
.'
2d mortgage bonds
Columbus A Toledo, 1st mortgage coupon, s. f
do
2d mortgage coupon, s. f
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)

Columbus Springfield d Cincinnati—1st mort
Columbus d Western— 1st mort. (end. by Cent. Ga.)
Columbus d Xenia—Stock
,

1st

mortgage

AND

BONDS

33

great favor by giving Immediate notice of any error discovered In these Tables

DESCRIPTION.
For

STOCKS

.

Concord—Stock
Concord d Claremont—Bonds
Concord d Ports moulti—Stock, guaranteed
Connecticut Central—1st mortgage, cp. orreg
Connecticut d

Passumpsic—Stock.
Mortgage bonds
Massawippi st’k, guar, same div. as Conn. & Pass.
do
bonds, guar, by Conn. A Pass..:.....
Newport A Ricliford bonds, guar, by C. A P...TL.

Connecticut River—Stocit
Connecting l Phil a.)—1st mortgage
Connotton Talley- -Consolidated mortgage
Consolidated RR. of Ter man t—1st mortgage

Mortgage bond (Vt. & Canada)
Missisquoi Railroad bonds
Corning Cowanesque d Antrim— Debenture bonds..
Cumberland d Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)

^

324
324
121
121
118
118
83
45
60
55
55
142
71
41
29
147
110
37
37
22
80
7
161
185
73

"78
38
38

1881
1867
1872
1875
1880
1880
1871
1881

I860
1874

1875
1873
1870
1881
1864
1882
1883
1879
1871
1383
1866

1868

per
Cent

$100 $10,316,500
8,000,000
500 Ac.
1,401,000
1.000
777,000
i;ooo
2,474,000
1,000
422,000
1.000
1,584,000
1,000
1,000,000
677,000

50

1,786,200
302,000
1,500,000

1,000
50
500 Ac.
100
500 Ac.
100
100 Ac.
100

100

2,370,000

1,000

991,000

1,000

6,359,000
7,000,000
50,000
500,000
1,250,000
803,500
430,000

500 Ac.

1,000
1,000
1,000

324 miles.
This was

a consolidation in July,
1881, of the Columbus & Hock¬
ing Valley, Columbus & Toledo, and Ohio & West Virginia. The stocks
of those companies were purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior liens. The Central
Trust Co. of New York is trustee.
Prior to the consolidation
Columbus A Hocking Valley had 112
miles of road, $2,500,000 debt and $2,400,000 stock.
It had paid regu¬
lar dividends of 8 per cent for a number of years, with a small surplus

Jan.
M.
A.
J.
F.
M.
M.
M.
J.

&
A
&
&
&
A
A
&

S. N. Y., Winslow, L. & Co.
O.
do
do
J.
do
do
A.
do
do
S.
do
do
N.
do
do
S. Bost.,3 Merchants’ Row!
1
J.
N. Y., Nat. City B’k.
•

Q.-M. j

3ifl
7
2L>
7 “

2%

te-

350,000

100 &c.

Rental, net earnings. Net earnings in 1883, paid to lessors,
$46,967.
Capital stock, $497,100; funded debt, $1,882,000, and float¬
ing debt (coupons), $722,470.
Columbus Hocking Valley Ac Toledo.—Owns main line
from Toledo to Pomeroy, 257 miles ; branches—Logan to Athens, 26 ;
Logan to Straitsville, 13; Straitsville to Nelsonville, 17; others, 11; total,

7
7
7
7
7
7
7
2
7
5
7

350,000
325,000
2,244,400
1,500,000
400,000
400,000

RR. Co.

5 g-

500,000

1,000
1,000

pal, When DueWhen (Where Payable amt by! Slocks—
—Last
La
(payable!
Whom.
i
Dividend

2*3

1,000

1,000

Princi¬

INTEREST OR DIVIDENDS.

,

: Miles ; Date
Size, or
Amount
of
:
of
Pll
; RoadJ Bonds ; Value. outstanding

4
6
5 & 6
5
5
7
6
6
6

M.
M.
J.
J.
A.
F.
A.
F.
J.
J.
J.
M.
M.
J.
A.
J.
M.
M.
M.

A
A
A
&
&
&
&
A
&
&
&
&
&
&
A
&
&
&
&

Columbus Treasury.

10, 1883
Sept. 1, 1931
Oct. 1, 1897
Jan. 1, 1892
Aug. 1, 1905
Sept. 1, 1900
May 1, 1910
Sept. 1, 1901
Jan. 1, 1911
Sept. 10,1884
8ept. 1, 1890

S. N. Y., Am. Exch. N. B’k
N. Bost.&Manchester.N.H. j Nov. 1, 1884
J. Bost., Treasurer’s office
1894
1
J. Bost.&Manchester.N.H.1 June 27, 1884
O.
New York City.
Oct. 1, 1895
A.

Boston, 95 Milk Street

Aug. 1, 1884

O.
do
April 1, 1893
A.
do
Aug. 1, 1884
J.
do
Jan. 1, 1890
J.
do
Jan. 1, 1911
J. 'Boston, Springfield, Ao. July 1, 1884
S. iPhila., Penn. RR. Office. 1900-’l-'2-’3-’4
N. 1
Boston, Co.’8 Office.
May 1, 1922
J.
Boston Office.
July 1, 1913
O.
Oct., 1909
J. St. Albans. W. C. Smith, Jan. 1. 1891
N. i Phi la. F. I T. AS. D. Co. May 1, 1808
S. 'N.Y., Consol.Coal Office March 1,1891
N. !
do
do
May 1. 1888

rental is $25,000 a-year, which
holders. There is no debt.

gives 7

per cent a year to present stock¬

Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28 miles. Leased to New York A New England RR.
for 15 years from June 1, 1880, the rental to be net earnings, but never
to exceed 6 per cent per year on stock. Capital stock, $448,500. Funded

debt, $325,000, all owned by New York & New

year ending Sept. 30,-1883, gross earnings,
fixed charges, $19,494. (V. 37, p. 563.)
Connecticut Ac Passumpslc.—Owns

England Railroad.

$99,499

;

In
deficit, $6,666;

balance.

from White River Junction
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee. Fiscal year ends June 30. Abstract of last
report in V. 37, p. 266. Operations and earnings for four years past

Operating

Years.
1880-81
1881-82
1882-83
1833-84

The first dividend on the consolidated stock was that of 2K3
per cent paid in January, 1883;
Statement of earnings, income, Ac., for three years is as follows :
1881.
1882.
1883.
Miles of railroad
322*50
324*00
324*00
Gross earnings
$2,519,794 $2,886,437 $2,779,392

expenses

Net earnings
Ratio of expenses

Interest
Interest
Rentals

on
on

1

1,329,137

$1,190,657
52*75
$620,887

to earnings

bonds
debt

1,752,734

1,655 569

$1,133,703
60*72

$866,060

$1,123,812
59 56

$866*060

12,650
23,337
533,783

....

Cash

on

hand

follows:

..

.

....

....

....

Miles.
147
147
147
147

Passenger
Mileage.

Freight (ton)

6,117,700
7,198,586
8,365,277

19,726,662
22,589,950
22,792,090

8,060,667

23,281,523

Mileage.

Gross

Net

Earnings. Earnings.
$774,146

$311,165

851,749
884,851
837,940

303 845

270,969
299,150

Div.
p.c.
5
6
6
6

-(V. 37, p. 266.)

27,597
35,725
22,787
22,629
Balance—credit.
216,465
237,092
GENERAL BALANCE SHEET DECEMBER 31, 1883.
Cost of road
$14,415,848 Capital stock..
$10,316,500
'Equipment
3,370,950 Funded debt
14,658,000
Real estate and build’g
315,165 Bills payable
410,329
Stocks and bonds
8,009,919 Current accouuts
226,828
Materials and fuel
142 625
237,797 Other liabilities
Docks
and terminal
Le.ise war’ts (car t’sts)
927,899
property, Toledo
503,044 Bond interest accrued
133,333
Car & locomotive tr’sts
927,899 Coupons not presented
10,470
Bills and accounts
152,468 Profit and loss
1,167,104
.

were as

29,998

Total assets.

$27,998,088
Total liabilities.... $27,993,098
150, 234, 421 ; V. 38, p. 114, 295.)
Columbus Springfield A Cincinnati.—Owns from Columbus,
Ohio, to Springfield, Onio, 44 miles. Leased with Cincinnati Sandusky
A Cleveland to Indiana Bloomington & Western,
May 1, 1881, for 33>3
per cent of gross earnings, with guarantee of $80,000 as minimum'.
Of the. excess over minimum, if any, on 3313 basis, this
company takes
one-fifth and Cincinnati Sandusky A Cleveland four-fifths.
Capital
stock. $1,000,000, and bonds, $1,000,000.
Columbus Ac Western.—Owns from Opelika to Good water, Ala.,
60 miles, and Columbus to Opelika, 29 miles—total 89 miles.
The
Savannah A Memphis RR. was foreclosed June 5, 1880, and this Com¬
pany organized. Extension was in progress from Goodwater to Birming¬
ham. Ala
The bonds are endorsed by Cen. RR. of Georgia. Gross
earnings in L881-82, $144,744; net $20,609. Gross in 1882-3. $176, *70;
net, $00,96 ; interert paid, $31,990. Stock, $1,750,000. W. G. Raoul,
President, Savannah.
-(V. 36, p. 251; V. 37, p.

Columbus Ac Xenia. —Owns from Columbus, Ohio, to Xenia,
Ohio,
55 miles.
Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the
Pittsburg Cincinnati A
St. Louis, which pays 8 per cent on stock and
provides for the bonds.
The leiise is guaranteed by the
Pennsylvania Railroad Company. The
Columbus A Xenia pays 8% per cent dividend per annum.

Connecticut River.—Owns from

Springfield, Mass., to South Ver¬
Vt., 50 miles; branches, 6 miles; leased Ashuelot RR., South
Vernon, Vt,, to Keene, N. H., 24 miles; total operated, 80 miles. Fiscal
year ends September 30.
Net income 1880-81, $236,051; 1881-82,
$252,418; 1882-83, $264,266. Pays 8 per cent dividends on stock and
non,

has

no

funded debt.

Connecting (Philadelphia).—Owns from Mantua Junction to
A connecting link in Philadel¬
Pa., 7 miles.
phia to the West and South.
Operated by Pennsylvania Railroad.'
Rental, 6 per cent on capital stock, $1,278,300; and interest on funded
debt, $991,000. The bonds are issued in series ABC and D, maturing
respectively in 1900-’l, ’2, ’3 and ’4.
Frankford Junction,

Connotton

Valley.—Owns from Cleveland to Sherrodsville, 103
Canton to Cosboeton. 55; Oneida to Minerva, 3; total, 161
This includes the Connotton Valley A Straitsville.
In February, 1882,
the
company became embarrassed and new arrangements were made.
The consolidated mortgage was issued ($7,000,000 authorized) in two
series, of 5 and 6 per cent bonds, only different in that the first take 5
per cent until May, 1885, and then 6 per cent. All the old 7 per cento,
miles;

except $69,000. and all the Con. A Straitsville bonds, except $78,000,
were retired. Preferred stock issued is $885,850; common stock, $5,000,000.
Default was made May, 1892, on old bonds and Nov., 1882, on
consol, mortgage, and receiver was appointed January, 1884. Pro¬
posed plan pf adjustment in V. 38, p. 350
Francis Bartlett, President,
Boston.
(V. 37. p. 74, 99 ; V. 38, p. 87, 114, 202, 229, 261, 350, 540,
678, 738 ; V. 39, p. 296.)
Consolidated Railroad of Vermont.—Road owned—Windsor,
Vt., to Burlington, Vt., 120miles; Essex Junction to Rouse’s Point, 65:
Swanton to State line, 10; total, 185 miles. Leased—Addison RR., 16
miles ; Montpelier A White River RR., 6 ; Montreal A Vt. Junction RR.,
26; Rutland RR., 120; Stan. S. A Ch. RR., 43 ; Vermont A Mass., 21 ;
New London No., 100; Brat. A Whitehall RR., 36.
Total owned,
leased and operated, 517 miles.
In August, 1884, secured control^of the

Ogden sburg A l akc Champlain RR.
This is the title of the corporation formed

on the reorganization of the
Central Vermont and Vermont A Canada companies in 1883. On July
1, 1884, tlie old receivership was finally closed by order of Court and
the transfer made to the consol, of Vermont, which leased all its roads
in perpetuity to the Central Vermont RR. Co. The holders of the first
and second mortgage bonds filed articles of association with the Secretary
of State of Vermont on April 24, 1883, for organizing the new company.
Preferred stock is $750,000, with preference of 6 per cent per annum
if earned; common stock, $350,00 J.
(See scheme of reorganization in
V. 35, p. 125.) The Central Vermont, which operated all this mileage
in 1883, reported earnings on 417 miles as $2,823,578 gross and
$H51.400 n<-t; rent of leased lines $347,500. (V. 37, p. 234, 293, 344,
695, 718; V. 38, p. 114, 635; V. 39, p. 208.)

Concord.—Owns from Concord, N. II., to Nashua,N. H., 35 miles;
Maneliester A North Weare, 19 miles; Hookset Branch,7 miles; leased—
Concord A Portsmouth, 41 miles; Suneook
Valley, 20 miles; Nashua
Acton A Boston, 20 miles; total
operated, 112 miles. The company had
joint operating contracts with the Boston A Lowell part of the year,
fiscal year ends March 31.
Operations, earnings, and income over ren¬
tals, Ac;, for four years past were:
Passenger Freight (ton)
Gross
Net
Div.
Corning Cowanesque Ac Antrim.—Owns from Corning, N. Y.,
fo^rs*
Miles.
Mileage
Mileage.
Earnings. Earnings, p. c. to Antrim, Pa., 53 miles; branch, LawreuceviUe to Harrison Valley,
tS?-81
142 13,118,217 30,295^384
$955,000 $362,608
10 Pa., 32; total operated, 85 miles.
Consolidation (January, 1873)
J881-82 ... i42 21 499,671 31,976,137 1,258.419
471,208
10 of the Blosslmrg A Corning RR. and the Wellsboro RR. June 1, 1874.
J882-93
35,972,719
10
the
... 142
26,396,541
1,317,879
430.317
Cowanesque Valley RR. was absorbed. These lines are leased to and
1883-84.
142
15,954,088
36,088,256
1,142,893
476,190
10 operated by the Fall Brook Coal Co., together with 7 miles owned.
-(V. 36, p. 560, 650, 675.)
Rental paid—6 per cent on bonds, 6 per cent on common stock and 7
Concord Ac Claremont.—Owns from Concord to Claremont
per cent on preferred stock; dividends paid quarterly, March 31, Ac.
H., 56. miles; branch, Contoocookville to
Hillsborough, N. H.. Stock—common, $1,500,000, and preferred, $500,000. The coal line of
Phila. A Reading and N. Y. Central is over the road of this company,
,*
i^o8’ total operated. 71 miles. Consolidation of several small roads which
JR t813. Fisc tl year emls March 31. Gross earnings in 1882-83, $152,jointly guarantees the bonds of the Jersey Shore Pine Creek A
i%{\
net
earnings,
$-14,103. Capital stock, $410,900. Floating debt, Buffalo road’. Earnings in 1832-3, $650,829; net, $116,901; loss to
$2o4,245. (V. 36, p.675.)
lessee, $26,818. George J. Magee. Prcst., Watkins. N. Y.
Concord Ac Portsmouth.—Owns from Portsmouth, N. H., to
Cumberland Ac Pennsylvania.-Owns from Cumberland, Md.
Man hes'er V. IL. 40miles.
Tne road was sold
to first mort¬
to Piedmont, Md., and several branches, 55 miles.
It is owned and
gage bondli dders in 1857, and leased to Concord RR. in 1358. Lease operated by Consolidation Coal Co., which
guarantees second mortgage.




..

KAILROAD

34

Subscribers will confer a great favor

0128 1

AND' BONDS

[Vol. XXXIX.

discovered In these Tables.

by giving Immediate notice of any error

Bond 8—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS

explanation of column headings, Ac., see notes
on first page of tables.

Date
Miles
of
of
Road. Bonds.

Size, or

Amount

Par

Rate per
Cent.

Outstanding

Value

When

;Where

pal, When Due.

Payable, and by
Whom.

Payable

Slocks— Last

Dividend.

'

52
52

30*2

Danbury <t Norwalk—Stock
1st and 2d mortgages

Consolidated mortgage
General mortgage..
Danv.Oineydb O.Uio.—lHt (for $1,000,000) cp.or reg.

30*2
100
141

Dayton <6 Michigan—Com. stock (3Lj guar.C.H.AD.)
Preferred stock, (8 percent, guar. C. II. & D.) —
3d mortgage

CodsoI. mortgage, guar,

’70-’72
1880
1883

33

141
142
142

by C. II. A D

Dayton <£ Union—1st mortgage
Income mortgage bonds
Dayton di Westernr-lsX M., guar.
Delaware—Stock

32
41

L. M. and C. A X.

Mortgage bonds, convertible, guar.

85
85
31
27

i

P. W. A B—

Delaware <£ Bound Brook— Stock, guaranteed
1st mortgage
2d mortgage debenture bonds, reg
Delaware Lackawanna <£• Western—Stock
Consol, mort., on roaus A equipm’t, ($10,000,0^0)
Plain bonds
Lackawanna A Bloomsb., 1st mort. (extension)..
Denver <£ New Oi lcans— 1st mortgage
Denver <& Rio (Jrandc—Stock
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)

S86
288

.

General rnoi-tg., convertible (for $50,000,000)
Car trusts (mature 10 per cent yearly)

60

_

1880
1871
1869
1881
1879
1879
1864

500 Ac.
500 Ac.
50
100 Ac.

109,500
600,000

801,000

351,000

1.000

2,350,000

1,000
1,000
1,000

225,000

173,000

1,497,215 >
650,000

1875

1,692,000
1,500.000

0

192,000

0
2
7
7
7

1,000
100 Ac.

(•)

....

Too

1,679

—

295

187C
1880

.AH.

1883

1,000 1

j

Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles; leased—Martinsburg & Potomac HR., 12 miles;
Dillsburg A Meehanicsburg RH., 8 miles; Southern Pennsylvania RR.,
21 miles; controlled, Mont Alto IiR., 18 miles; total controlled and
operated, 141 miles. Owns or leases several factory roads, in all about
43 miles. Tlie stock is owned in large part by Pennsylvania RR. Co.
Large advances have been made to branch roads.
Operations

2,500,000
4,028,000

Q.-F.

•

do

do

Oct., 1888
1, 1911
Dec. 1, 1909

Jan.

After 1910

1, 1905

Jan.

July 2, 1884
July 1, 1895
10, 1881

May, 1905
Oct. 20, 1884
Sept. 1. 1907

June, 1892

March, 1885

*i *2
7 g.
7

5
1

S.

April 1, 1884
Oct., 1884

Nov.

Philadelphia.

F. A A. Pli ila. .Guar.T. A S D. Co.
M. A N.
Philadelphia.
Q.-J. N. Y.t 26 Exchange PI.
do
do
M. A S.
do
do
J. A D.

M. A

1920
1925
Jan. 1, 1910

....

*

35,500,000 j
6,382,500 f
19,74 0,500

500 Are.
500 Ac.
....

....

7

26,200,000 '
3.074,000
600,000
370,900

50
1877
1872
1859

.

495,000

1,000

do
do
J. A J.
A. A 0. N. Y., Cent. Trust Co.
Eostou.
J. A J.
1-66 A. A 0.1 Cincinnati.C. II.AD.Co.
O
Q.-J. N. Y., Winslow, L. A Co.
do
do
A. A 0.
7
do
do
5
J. A J.
7
J. A I). N.Y., Am.Exch.Xat.Bk.
J. A D.
6
J. A J. N.Y'., Bank of America.
6 A 7
J. A J.
Dover, Co.’s Office.
3
J.' A J. Phil., Fid. I.T.A.S.D. Co.
6

6

2,402,573
1,211,250

1,000

Phila. aud Carlisle. Pa.

Phila., T. A. Biddle A Co.

5
7

150,000

25
1875

7

100,000

500 Ac.
50
50

A. A O.

“lo

400,000

i 00

Oct., 1884
April 1, 1904
do
do
A. A O.
April 1, 1908
Various;New York and Danbury Aug. 15, 1884
J. A J. N. Y., Union Trust Co.
1920, ’90, ’92

Q.-J.

2 *2
8
8

$1,777,850
161,000

$50

82

Cumberland Valley—Stock ($484,900 is preferred).
1st mortgage
2d mortgage, sinking fund guaranteed

8, 7 A 6

M. A N. N. Y., Company’s Office.
do
do
J. A J.
do
do
A. A O.
do
do

Jau.
Nov.
Jan.
Oct.

....

14, 1882
1, I960
1, 1910
1, 1913
Yearly.

in pamphlet or monthly statements of earnings having been issued. The
road was operated mainly as a coal carrier aud distributer till 1882,
when the line from Binghamton to Buffalo was built an 1 leased to the
Delaware Lackawanna Sc Western, and the company entered the field as

and

a

competitor of the trunk lines between New

York and Buffalo.

The Delaware Lackawauna Sc Western formerly paid lo per ceut on its
stock, but its numerous railroad leases became onerous, aud iu the dull
times. 1876 to 1880. no dividends were paid; iu 1880 3 per cent was

past were as follows:
paid ; in 1881, 034; in 1882, & ; in 1883, 8.
Gross
Net
Freight (ton)
Div. p. ct.->
Prices of stock yearly since 1870 have been: 1871, 102 3> 111 *2; 1872,
Years.
Miles.
Mileage.
Earnings. Earnings. Pref. Com.
9l®112ig; 1873, 791a® 106; 1874,99311238; 1875, 106*2® 123; 1876,
82
14,048,002 $530,945 $230,199
10
10
64*2® 12030; 1877, 3078377: 1S78, 41 ®61~8; 1879,43391; 1880 63*2,
18,301,054
82
022,538
220,429
10
10
-SllO^; 1881, 107 3131; 1882, 116*4a>150*4; 1883, 111*2®131*2; 1884
82
21,073,134
089,305
229,452
10
10
to Get. 17, 90*2 a> 133*8.
10
82
28,557,701
793,003
223,044
10
The following is a synopsis from the Co.’s income acct. for four years :
1880.
1861.
1882.
1883.
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson,
Pfc., South Norwalk, Conn., 26*2 miles; branches to Ridgefield and
$
$
$ ?
$
'
Hawleyville,together 10 miles; total operated, 36*2 miles. Dividends Gross rec’ts. all sources 21,656,601 27,396,526 27,006,267 32,819,606
have been irregular. Operations and earnings for three years past were:
Operating expenses
15,753,134 19,632,662 20,163,078 24,165,864

earnings on the main line for four years

Years.

1880-81
1881-82.

1882-83.

..

..

..

Miles.
34

36*2
36*2

Passenger
Mileage.

3,608,823
3,698,860
3,072,023

Dau ville Olney Sc Ohio
ville, 111., to Olney, and to the

Freight (ton)
Mileage.
1,228,828
1,330,145
l,5s8,830

Gross

Earnings.
$195,163
200,993
211,734

Net

Div.

Earnings.
$88,341

p. c.
5

72,990

5

61,684

2*fl

River.—This road is projected from Dan¬

Net

5,903,470

receipts

7,763,864

6,843,189

8,653,742

6,843,189
3,620,708

8,653,742
4,946,943

INCOME ACCOUNT.

Net earnings
Interest and rentals

5,903.470
3,627,381

7,763,864
3,558,494

2,276,089 4,205,370 3,222,481 3,706,799
Ohio River, 213 miles, of which 110 miles, Balance, surplus
786,000
1,768,500 2,096,000 2,096,000
Danville to Olney are in operation; also 20 miles of Chicago A Eastern Dividends
3
6:U
8
8
Illinois leased. Bonds sold in l.SSi at par, with $500 stock given with Rale of dividends
each $1,000 bond,
stock issued, $1,519,400. In Nov.. 1882, company
Balance after divid ds.
1.490,083
2,436,870 1,126.431 1,610,799
became embarrassed and receiver appointed. Receiver’s certificates,
$500,000, 7s.
For plans of reorganization, Ac., Ac., see references -(V. 36, p. 218. 687; V. 38, p. 29, 259, 261, 331, 705.)
below to the Chronicle. (V. 37, p. 479, 509,503, 594, 095; V. 38,
Denver Sc New Orleans.—Projected from Denver, via Pueblo to
p. 00, 177, 3T9.)
the Canadian River, 350 miles, and in 1882, Denver to Pueblo. 120 miles,
Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141 and : 3 mdes branches, had been completed. Built by a Construction
miles. Leased May 1, 1805, in perpetuity to the Cincinnati Hamilton &
Company. See circular in V. 35, p. 601. In 1883 the Construction Co.
Dayton. Lease amended January 23,1870. The rental is the interest became embarrased and $2,236,000 bonds and $2,540,000 stuck pledged
and sinking fund of debt, and 8 per cent on preferred stock and 3L2 per¬ were sold by the Mercantile Trust Co. on Sept. 20. Jno. Evans, Presi¬
cent on $1,019,000 common. Of the common stock $1,010,000 only is dent, Denver.
(V. 36, p. 536, 590. 623; V. 37, p. 68, 99, 321.)
guaranteed 3^2 by C. H. & D. Profit to lessee in 1883-84, $101,990;
1882-83, $1:01,-51. The lessees hold $1,398,100 of the common stock.
Denver Sc Rio Grande (3 feet.).—Owns a line from Denver
City, C-lorado, via Pueblo. Salida, Guunison, Montrose aud Grand
Daytou Sc Uuiou.—Owns from Dodson, Ohio, to Union City, Ind.. Junction,
to the western boundary of Colorado, where it connects
32 miles; leased Dayton to Dodson, 15 miles; total operated, 47-miles.
with it< leased line, the Denver Sc Rio Grande Western, to Salt Lake City
The Greenville A Miami RR. was £old out Oct. 30, 1802.. irrd re-orgauized as now in Feb, 1803. Operated by trustees since December, 1871. and Ogden, making the distance from Denver to Ogden 77 1 miles, and
from Pueblo to Ogden 651 miles.
Branches extend to Leadville, Dillon,
Capital stock, $80,300. In 1881 gross earnings were $154,701; net, Red
Cliff’, Crested Butte. Silver Cliff, Chaffee and Hot Spiiugs ; also from
$20,251. Iu 1882-3 gross earnings, $144,241; net, *37,523.
Pueblo to Silverton, via Cuchara, Alamosa and Durango, with branches
Dayton Sc Western.-Owns from Dayton, O., to State Line, Ind., to El Moro, Espanola, Del Norte and Wagon Wheel Gap. The total
37 miles. Leased in perpetuity from Jan. 1, 1805, to Little Miami,
operated Jan. 1, 1884, was 1,317 miles of road owned and 362 miles
and carried with that road in the general lease to the P. C. A St. L. The leased, making 1,679 mi.es. On March 30, 1883, connection to Salt
and
are
obligations.
lessees are virtual owners
answerable for all
Lake was finished by the Denver & Rio Grande Western, and that road
Delaware.-Owns from Delaware Junction (P. W. A B.), Del., to leased, this company paying 40 per ceut of gross earnings as rental, but
Dehuar (Md. Line), 84 miles; branches, 10 miles; total operated, 100 guaranteeing the iut. 011 $7,500,000 of 1st mort. bonds when all issued.
The trust deed of the consolidated mortgage is to Louis II. Meyer and
miles, less two branches (15 miles) operated by the Dorchester A
Delaware and Queen Anne A K. railroads. The Delaware Railroad was John A. Stewart, of New York, as trustees. Of the $30,000,000 bonds
opened 1S55-00, and is leased for 21 years from 1870 to the P. W. A B. $7,422,200 were to be used iu retiring prior issues, and the bonds were
Co.; rental 30 per cent of gross earnings, but stock must have 0 per issued at $15,000 per mile.
The general mortgage of 1883 is issued for an authorized amount of
Gross earnings 1681-82. $595,078; net, $178,523; 1882-83, gross,
cent.
$50,OoO,0()0, and enough reserved to retire all prior bonds. The bonds
$014,000; net, $184,382 ; iut. and div’ds.$130,300; surplus, $54,015.
Delaware Sc Hound Brook.—Owns from Bound Brook (Cent, are convertible, on 60 days’ notice, into stock of the company. The mort¬
of New Jersey) to Delaware River, 27 miles; branch, main line to gage covers all road and equipment and the leasehold rights in the Denver
Trenton, 4 miles; total operated, 31 miles.
In connection with Central A Rio Grande Western. Union Trust Co. of New York is the trustee.
E11 1884, with a huge dec ease in earnings, the company became em¬
of New Jersey aud North Pennsylvania forms a line between New
barrassed aud default was ma le on the consolidated mortgage interest
iork ami Philadelphia.
Iu May, 1879, the property was leased for due
July 1, 1881. aud iu July W. S. Jackson was appointed receiver.
990 years to the Philadelphia A Reading Railroad Company—the lessee
The annual report for 188 i in the Chronicle, V. 38, p. 454, gave par¬
paying interest and 8 per cent on stock after May, 1883. Gross earnings ticulars of tlie financial condition, Ac. The
report of Mr. Lovcjoy, Presi¬
in 1881,
$008,489; net. $334,402. In 1882, gross, $093,525; net,
dent, had the following remarks : “The ratio of increased gross earn¬
$320,334. In 1-83 gross, $720,654; net, $350,544.
ings to mileage has not kept pace, owing to the various reductions made
Delaware Lackawanna A: Western.—This comp mj” owns and for the transomtatb-n of coal, coke, and ores, which we believed to be
operates under lease un extended system of roads in New York, Penn¬ tlie true policy of your company, to meet the urgent demands of the
sylvania and New Jersey, which requires a map to show the strength of various shippers and the seeming necessities of the case, com led with
its location clearly. Owns from Delaware River (N. J. line) to New the ruii.ous rates
prevailing on all classes of traffic to and f.otu Utah,
York State line. 115 miles; branches—Scranton to Northumberland,
In 18s 1. for six niontns from January 1 to April 30, gross earnings
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
were $3,034,512, against $3,371,207 in
18S3 ; net, $569,970, against
to Keyset* Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. A
i 93.986.
Western RR., 214 miles; Cayuga A Susquehanna
RR., 3i miles; $1.Earnings,
expenses and not income for four years has been as follows:
Green RR. 8 miles; Oswego A Syracuse Railroad, 35 miles; Utica
1833.
18-2.
1881.
1880.
Chenango A Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
1,679
1,232
686
1,067
controlled and operated—Syracuse Binghamton A New York, .81 miles; Miles oper. Dec. 31...
$
$
$
$
Earnings—
leased lines in New Jersey—Chester RR.. 10 miles; Morris A Essex, 118
1,472.503
1,539,558
045,030
1,563,632
miles; Newark A Bloomfield, 4 miles; Warren RR., 18 miles; Sussex, Passenger
5,351,912
4,412,185
4,332,150
2,411,457
Freight
3o miles; Passaic Sc Del., 14 ; total operated. 880 miles; the Rome &
537,131
403,237
348,998
Clinton, 13 miles, and the Utica Clinton Sc Biughampton, 31 miles, were
surrendered Apiil, i8s3.
In 1882 the important connection to Buffalo, the N. Y. Lack. A West,
was opened aud the road was leased by this company. The Lackawanna
Sc Blomusbiirg was consolidated wit h this company June 1!). 1873.
The Delaware Lackawanna & Western management has furnished little
information concerning its earnings or finances, no annual reports




Mail, express, Ac
Total gross

earnings

Operating expenses..
Net earnings
P. e. of exp. to

cam’s

121,579

3,478,066
1,767.605

6,244,780
3,620,030

6,101,980

3,821,123

7,361.546
4,743,111

1,710,461

2,624,750

2,583,857

2,618,435

50-81

57*97

59 00.

64-43

RAILROAD

October, 1884.)
Subscribers will confer

a

I

explanation of column headings, Ac., see notes
on

first page

of tables.

Denv.dt R.Qr.WesL—1st. g. ($16,000p.m.),ep.or reg.
Denver South Park <& Pacific—stock
1st mortgage, gold, sinking fund
Consol, mort. gold ($17,000 per mile)
Denver West. dt Pax.— 1st M.. gold ($30,000 per m.).
Des Moines ct Ft. Dodge—1st mort., coup
1st mortgage, income
Mortgage on extension

Certificates secured on lauds
Des Moines Osceola dt Southern—1st M.($6,000p.m.)
Detroit Grand. Haven dt Milwaukee—Stock
1st

equipment mortgage, guar
Consolidated mortgage, guar
Sectional mortgage (Detroit A Pontiac RR.)
Detroit Hillsdale dt S. IF —Stock
Detroit Lansing d• North.—Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may be reg—
Saginaw A West, mort., guar ($15,000 per mile)..
Detroiz Mackinac dt Marquette—1st
Land grant bonds (income)
Income bonds

Dubuque dt Dak.—1st M., gold.
Dubuque dt Sioux OiiyStock
1st mortgage, 2d division

gu.

35

BONDS.

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

AND

STOCKS

368
274
150

88
83
56

1881

Amount
-

j

65
257
257
222
59
32
152

mortgage

....

63
143
43

(payable at 105)

Duluth dt Winnipeg—1st mortgage, gold, laud grant
2d mortgage, income
Duyikirk Aliegh. Valley dt PWsourg—1st mort., gold
2d mortgage
3d mortgage

When

$6,909,000
5,292,800

6 g.

1376

1,000

1,800,000

1880
1881

1,000
1,000
1,000

1,189.000
1,000.000

7
6 g.
7 g.
6
6

1.000

1,200,000
1,200,000

1,000

672.000

i

M. A

S.

J.
J.
J.

J. N. Y.. Morton. B. ACo.
J.
do
do
do
do
J.
!
J
j
O
New York A Loudon.
O.
do
do
A. N.Y..C’auad’n B. of Com.
J. N. Y.. Farm. L A Tr. Co
A.
Boston.
A.
do
J. Boston, 2d Nat. Bank.
do
J.i
do
J.
do
do
O. N Y.. Metrop. Nat. Bk.
O.
do
do

A
A
A

99,000

1880
50

1878
1378
1354

1,000
200 Ac.

1,000

....

....

....

....

1377
1869

100
100
500 Ae.
1,000

1883
1882
1881
1881
1879

1,000
1,000
1,000
1,000
1,000

1364

100
500 Ac.

1881

1,000

1870
1370
1370

1,000
1,000
1,000

670,009
1.500,000
2,000,000
3,200,000
250,000
1.350,000
1,825,600

7
8
6
6
8
2

J.

3

F.

2,510.000
2,487,000

3ia

I. Ac
A. A
A. A
F. A

7
8
6

770.000
441.000

2,280,009

6
7
7
6 g.

4,560,000
1,500,000
630,000
5,000,000

l*s

881.000

7
o g.

18,000 p.m.

Whom.

pal.When Due.
Stock#—Last
Dividend.

Sept. 1, 1911
Aug. 15,1880
M. A N. N.Y., LondouA Frankf’t May 1, 1905
Jan. 1, 1921
J. A J.
N. Y.. Co.’s* Agency.
J. vfe ,l.
New York.
Jan. 1, 1911

4

6

| Where Payable, and by

Payablej

Cent.

100

....

300
189
1S9
189

in,.,

Outstanding!1^,,}

$1,000

1874
1874
1831

Hon as—urmcl-

INTEREST OR DIVIDENDS.

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

A
A
F. A
J. A
■1. A
J. A
A. A
A. A

N. Y., Co.’s Agency.
New York.

J.

A J. N. Y..M.K. Jesup.P. A
A. A O. N.Y..M.K.Jesup.P.A

Co.

Co.
J. A J. N.Y.. Jesup.Patou A Co.

June 1, 1905
June 1, 1905
June 1, 1905

1896
For 1883
1918
1913
Feb. 15, 1886

July 5. 1884
Aug. 15, 1884
Aug. 15, 1884
Jau 1, 1907
July 1, 1889
July 1, 1913
Oct.
Oct.

1. 1921
1911
Oct. 1, 1921
July 1. 1919
Oct. 16, 1884
1.

1894

M. A N. N. Y.. Central Trust Co.

May 1, 1911

Hud.

June, 1890
Oct. 1, 1890
Oct. 1. 1890

7,000 p.m.
90
90
90

2,000,000
1,000,000
200,000

7 g.
7
7

J. A D. N.Y., N Y. Ceut. A
A. A O
do
do
A. A O.
do
do

which this road

Receipts—
earnings
Other receipts

$
1.710,461
20,307

$
2,624,750
14

$
2,593,857
36,771

$
2,616,435
114,531

was surrounded when it was foreclosed eleven years
and in all the cases that necessarily arise in the management and
building of a railroad since that time/this company has never lost
a case.”
*
*
*
The business is good,-and is well conducted, and ther
is no possibility of its being less than it was during the past year and

Total income
Disbursements—
Interest on debt
Ren’l of D.R.G.W.RR
Taxes
Dividends

1,730.768

2.624,761

2,620,628

2.732,966

every probability of its being larger.”
Lands owned, about 11,500 acres, and balance

1.150,453

1,199,541

1.602.443

2.036,813

149.830

2 21,430

317,752
238.269

246,512

(6)914,100
19,607

73,876

7,966

1,396.965
333.803

2,283,078
341,680

1,900,749
719.879

2,600,799
132.167

INCOME

ACCOUNT.

1891.

1330
Net

....

Miscellaneous
Total disbursements.

Balance,

surplus..

1883.

1992

CENEKAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

As.lets—

KR, equipm’t. Ac
Stocks owned, cost..
Bonds owned, C03t
Bills and ace’s reee.iv.
Rio Grande A West
Utah lines.
Col. 0. A Iron Co
No. Atner. luv’t Co...

1890.

1881.

1882.

$

$

$

31.945,951

30,919,437

132

868.748

..

Materials, fuel, Ac.
Cash

ou

.

326.700
4”4,000

15,000
434,000
879,205
.

3.490,000
263.652

$

63.629,545
1,275,000
457,029
475,781

282,8o8

.

753,909

2,213.955
171.657

1,024,251
369.106

35,294,365
$

55.007,497
$

65,966.487
$

10,350

441.976

102,562
24 5,420

hand

59,471,273

1883.

8)1,747
566,075

68,261,894
$
Capital stock
16,009,000 21,160,000 33.000,000 35,500,000
B is
(see Srrn.KM’n 17,39s,000 23.091.000 25.127,000 26.123,090
Rolling stock trusts.
3.051.000
1,536,000
3,713,000
4,028,000
Total
Liabilities—
,

Bills

payable

Rio Grand A West...
Utah lines
C nip’ons A div. due..
Vouchers A pay-ro!is.

Goen accounts
Miscellaneous
P.ottt and loss
Total

liabilities.

..

717

166,972

167,157
237.474

205,046

450.075

647.321
1,355,860
432,844

698,165
1.318,334
221.582

8.909
1,109,656

22,363
145.404

65,963.187

63,261,894

”1.588,120
227,094
396.170

35.29>.365

55.007.497

’■This item was met by tin*, charge of 85.000,009 stock and $1,000,000
Cotisol. bMs negotiated in 1881, but not taken into the aee’t until Jan., *82.
—/V. 37. p. 151.188, 234, 266, 342. 375. 399, 424, CIO; V. 38. p. 29,
215, 229. 295, 454. 179, 508. 706: V. 39. p. 22. 47. 61, 128, 157. 208,

264. 296.)
Denver A: Rio Grande Western (narrow gauge).—The mortgaJto covers lines in Utah Territory ot about 469 miles in all. Com
pleted 368 miles, as follow.'.: From 8alt Lake City to Pleasant Val¬

ley coal mines, 106 miles; Bingham Junction to Alta. 18 miles: Bing
ham Junction to Bingham. 16 mil s: Clear Creek to P. V. Junction, 14
miles; P. V. Junction to Colorado border. 176 miles; from Salt Lake

City to Ogden ami branches, 37 miles.

gage

bonds

issued

st>

on

469 miles $7,500,000.

far as issued.

From June 1 to Dec. 31. in 1883, gross

earnings were $622,332 : rental, 4<> per cent, $248,932, or at the rate

of $426,741 per year in the first year o! operation ; the guarantee of
interest calls for $406.so0 per year. Tin* lessee tried to break the lease,
but the appointment of a receiver for the 1‘ssee folio .ved, and in
August, 1884, W. II. Bancroft was appointed receiver of the D & R. G.
W.
Bee full report in V. 38. p. 763.
(V. 38, p. 451, 571, 702 : V. 39, p.
21. 128, 157.)
Denver South Park A Pacific (3 ft.)—(See Map of Union
Tac>,tic).—Denver. Col., to Buena Vista. 135 miles; Nathrop to Gunnison.
65 miles: Gunnison to Mount Carbon, 17 miles; Garos to London Junc¬
tion, 15 miles; Como to Keystone. 32 miles; Bear Creek Junction to
Morrisou, 10 miles ; total, 274 miles. First mortgage bonds issued at
the rate of $12,000 per mile of finished road.
In October, 1880, the
consol, mortgage was made for $15,000,000, to be at $17,000 per mile
on whole road, old and new. less the amount of 1st mort. on tin* old.
Stock controlled by Union Pacific. In 1882 gross earnings, $1,558,723 ;
lief. $377,449.
In 1833 gross earnings. $1,555,020; net. $48,748.
Denver Western A' Pacific.— Denver to Longmont, Col.
For
$3,000 in cash the company gave $3,000 in 1st mort. bonds and $1,500
in stock. Stock is $1,000,000. of which Union Pacific owns $762,500.
In July. 1881. Mr. 11. F. Bennett, of Denver, appointed receiver.
Des koines A Fort Dodge.—Owns from Des Moines to Fort
Dodge. Iowa. 87 miles, with an extension 56 miles to Ruthven, con¬
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬
ision of the Des Moines Valley RR.. built in 1870 and sold out in
1373
Common stock. $4,283,000; preferred, $758,280. The report
for
1883
had
tho following remarks:
•• In all the litigation with




was sold in foreclosure December 14,1876,
and new stock issued as above.
In July, 1883, leased the Saginaw A
Western and endorsed the bonds. (See V. 36. p. 67 4.)
The annual report for 1883, in V. 38. p. 423. had the following:

Receipts-

1881.

Net earnings
Interest.

$443,269

1882.
$461,082

$537,874

3,613

10,425

4.965

$446,912

$471,507

$542,839

$235,5*2,

$233,975

$248,335

175,230

175,230

•

Total income
7) is h u rse ments—
Interest oil debt

Dividends
Rate ol* dividend

(7 oil pf.)

Total disbursements
$110,757
—(V. 36, p. 364. 674; V. 38. p. 422.)
...

.

(7

1883.

28 4,995

pf.)

(6 com.A 7 pf.)

$109,205

$533,330

on

Detroit Mackinac Sc

marquette.—Owns from Straits of Mack¬
Marquette, 152 miles, and extension west to Ishpening, 17
miles, known as Marq. A West. RR; branch projected to Saulr St. Marie,
inac

48

to

miles.

This road is intended to form,

in

connection with others

built, a line along tiie.sonth shore of Lake Superior.
The stock by charter is $48.- already
was
increased in 1883 to

The road is leased for
30 rears to the Denver A Rio Grande, at 40 per cent of gross earn¬
ings. with a guaranty of interest by the lessee on $7,500,000 1st mort¬
000,000;

j

due on land contracts,
$99,849. Gross earnings in 1881, $401,532; net, $172,543. In 1882
gross, $347,168;
net, $120,286.
In 1883 gross, $341,935; net,
$102,652. For eight months from Jan. 1 to Sept. 1,1884, gross earn¬
ings were $214,121, against $198,4*28; net, $55,118, against $42,869.
Des mollies Osceola Sc Soutiiern.—Projected from Des Moines,
la., to Kansas City, Mo., 300 miles, of which a portion is built, aud in
March, 1883. 100 miles opened. Stock issued, $500,000, $7,000 p. in.;
bonds, $6,000 p. m. In Aug., 188*4, consol, with WL. Iowa & Neb. RR.
Detroit Grand Haven Sc Milwaukee. -Own.*) from Detroit,
Mick., to Grand Haven, Mich.. 189 miles. This is a reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept., 1878. A
sufficient amount of first equipment mortgage bonds is reserved to
retire Detroit A P. bonds on maturity. The bonds were guaranteed by
the Gt. Western of Canada. Gross earnings in 1881, $1.200,928; net.
$317,247; in 1B82 gross, $1,348,565; net, $339,453; in 1383, gross,
$1,376,464; net. $379,767. (V. 38. l». •177, 618.)
Detroit Hillsdale A South western,—Owns from Ypsilanti,
Mich., to Bankers, Mich., 05 miles. The Det. II. A fud. road was sold
in foreclosure Dee. 28. 1874, and this company organized by the bond¬
holders. In Aug.. 1881, leased in perpetuity to the Lake Shore A Mich.
Southern Co. for $40,500 per year (3 per rent) on stock for two years,
and $54,000 per year (4 p. et.j afterward. J|
Detroit Lansing Sc Northern.—Owns from
Grand Truuk
June., Midi., to Howard City, Midi., 157 miles; branches—Stanton June,
to Big Rapids, Midi., 63 miles; Bolding Brandi, 1 l> miles; leased, Grand
Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile; Alma
to Lake View. 3*2 miles; total operated, 2.V7 miles. A consolidation, Apl.
11, 1871. of the Detroit Howell A Lansing, the Ionia A Lansing and the
Ionia Stanton A Northern railroads, under the name of Detroit Lansing
•A Lake Michigan KR.. which

1.601.762
90,630
258,668

ago,

The stock

"$10,000,000. in $100 shares, of which

$4,750,000 was outstanding Dee. 31, 18s3. The land bonds receive 25
In
per cent, of net proceeds of land sales as their yearly income.
October, 188 4, default was made in payment of interest, but bonds
were mostly held by the contractors, an l some agreement was made
with them.

Gross

"earnings in 1883, $239,789 : net, $25,328. James

McMillan, President. (V. 37, p. 68 ; V. 39, p. 381, 1 j9.)
+ ~, J - ,ry
Dubuque A Dakota.—Owns fromWaverly to Hampton, 41 miles,
and from Sumner. la.. toWaveriy, la, 23 miles. Built ou the old grading
of the Iowa Pacific. Tile Dubuque A Sioux Gity Co. guarantees the bonds
issued for construction to the extent of $10,000 per mile. Bonds may be
paid off at any time at 105.
Pref. stock $120,000 and ordinary stock
$159,500. Gross earuings in 1882, $81,958; net, $34,174. Gross in
1883, $75,115; net, $22,308.
Dubuque A Sioux City—(See Map of Illinois Central).—Owns
from Dubuque, Iowa, to Iowa Falls, 143 miles. The former Dubuque A
Pacific was foreclosed iu I860, and present company organized. Leased
to Illinois Central from Oct. 1, 1867, for 20 years, the lessees agreeing
to pay 35 per cent of gross earnings for ten years and 36 per cent for
next ten years, with privilege to make the lease perpetual at the latter
rate.
Gross earnings in 1832, $1,092,319; net, $393,791.
In 1883
gross earnings were $1,092,925; net income from rental, Ac., $360,914 ;
interest, $58,720; dividends, 6 p. e., $299,964 ; m sceilaneous expenses,
$4,085. M. K. Jesup. President, N. Y. City. (V. 38, p. 229, 332.)
Dulutli Sc Winnipeg.—Projected from
Duluth to Manitoba
boundary line, 280 miles. The land grant amounts to 1,800.000 acres,
which is subject to the first mortgage. Tin* stock is $5,000,000.
Win
W. Spalding, President, Duluth.
Bc'lEcMB
ft
Dunkirk Allegheny Valley Sc Pittsburg.—Owns from DiirTkirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
Warren A Pittsburg aud Waueu A Veuaug** in 1872
Is leased to N. Y
.

Subscribers will confer a great
:

1

For

<*,
c

.

explanation of column headings, See., see
on first page of tables.

note8

or

Amount

Par
Value.

Rate per
Cent.

Outstanding

When

Where

pal, When Due,
Stocks—Last
Dividend.

Payable, and bj
Whom.

Payable

i

East Broad Top.—1st mortgage,

East Tennessee Virginia & Georgia—Common stock. 1,123
1,123
Preferred stock (6 per cent)
1,123
Consol, mort., gold (for $22,000,000)
Consol, mort., “ Divisional” bonds
Income bonds, gold
_
242
Old 1st mortgage sinking fund bonds
112
East Tenn. & Georgia ($92,000 are endorsed)
130
5ast Tennessee and Virginia (endorsed)

2d mortgage to U. S. Government

*
'

i.

Alabama Central. 1st mortgage,

95

gold, coupon

Cinn. Sc Georgia RR., 1st mortgage
Car trust, bonds
i

Ten.year debentures
(Mass.)—Stock
Essex RR. 1st mort. (extended for 10 years)
Mortgage funding certificates
Eastern (N. II.)—Stock
Eastern Shore (Md.)—1st mortgage

2.000,00b

1884

1,000

1851
1876

100
100 Acc.
500 See.
100

1,3-12,399'
1,200,000
4,997,600

1882

100 See.

100
1.000

....

1880

1,000
1881
1870
’50-’56
1856
1872
1879
1883

16

38

1,000
1,000

,

1,000
1,000

Williamsport—Stock, common

Preferred stock

ft
110
47
77
77

-

-

-

1,000

1872

100

50
50

1860
1863

1,000

1865

100&C

500
50

100

81*0

Central & Hudson River Co..•but accounts are

-

.

77

1st mortgage bonds
Income bonds, 999 vears to run
Erie & Pittsburg—Stock
2d mortgage ."convertible

kept separate.

Capital,

$1,300,000. There is an annual deficit in net earnings below the in¬
terest charge, hut the N. Y Central A: Hudson River Co. hold $2,920,000 of the securities. Gross earnings, 1882-83, $324,131; net, $8,007.
East Broad Top (Pa.)—Owns from Mount Union, Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1871. The stock is $315,002.
In 1882-83 gross earnings were $90,842;
net, $2,385; 1881-82,
gross, $139,200; net, $39,185.
East Pennsylvania.—Owns from Reading, Pa., to Allentown, Pa.,
30 miles. It is leased for 999 years from May 1, 1809, to the Philadel¬
phia & Reading RR., at a rental of 0 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls, President, Reading.
East Tennessee Virginia Sc Cieorgla.—(See Map.)—The East
Tennessee Virginia Ac Georgia Railroad is composed of the following
lines, which were consolidated July 20, 1881, under the above title:
The East Tennessee Virginia Ac Georgia Railroad, the Macon Ac Bruns¬
wick RR., the Cin. it Ga. RR., the Knox, it Ohio RR.. and thewVlabama
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to
Chattanooga, Teim., 242 miles; Morristown to Paint Rock, Tenn., 45
miles; Knoxville, Tenn., to Kentucky State line, 66 miles; Cleveland,
Tenn,, via Dalton Rome it Selma, to Meridian, Miss., 380 miles; Ooltewak
to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta and Macon, to
Brunswick, Ga. 378 miles.
The company owns 1,123 miles of railroad. It also operates under a
lease for twenty years from July 1, 1879, the lines of the Memphis it
Charleston Railroad Company, from Chattanooga to Memphis. Tenn..
310 miles, and the Florence and Somerville branches, 20 miles, in all
330 miles, making a total of 1,453 miles of owned and leased lines now
in operation. On June 4, 1883, the through line between Knoxville, Ky.,
and Louisville, Ky., was opened, and since that time daily through trains
have been running, thus making much the shortest route to all points
south and southeast of Knoxville.
The lease of the Mem. Sc Char. RR. was an operating lease simply,
various differences were settled by the acquisition of a majority of

and

the
capital stock of the Mem. Sc C. Co. by parties coutrollingtheE.T.Va.AcGa.
Of the first mortg. consol, bonds, there are held in trust by the Cent.
Trust Co. $7,408,000, to retire the same amount of the outstanding divis¬
ional and sectional bonds.
The $1,200,000of debentures due 189 l were taken at par by members
of the board of directors and their friends to extinguish tloatin-r liabili¬
ties and are not secured by mortgage.
See statement. V. 38. p. 700.
The liscal year ends June 30. A statement issued by the company
gives gross earnings for tin* year 1883-4 as $1,173,203; net. $1,699,925;

fixed charges, including interest on floating debt. $1,473,121.
Gross earn in _rs from .Inly 1 to Aug. 31, two'months, in 18*4, $2,155,039, against $2,509,038 in 1883; net, $842,720, against $952,700.
The annual report for 18*2-83 was published in the CHKOnioll, V.

37,

p.

397, and had the following:
L MININGS

AND

EXPENSES.

Passage.

Freight
Express
Mails
Miscellaneous
Total receipts
Total expenses

$1,145,498
802,134

$
2,003,225.

$905,478
2,003,225

28,030

95,152
54,719

57,877

57,877
95,452
20,089

,

Total.

'Freight.

I'asseugrr,
$905,47 8

Receipts from—

$2,031,255
1,581,207

$3,770,754
2,383,701

Net earnings
$343,004
$1,049,987
$1,393,052
The income account gave net earnings $1,393,052 ; interest and taxes,
$1,383,307; balance. $9,745. Construction expenses were $1,188,840
and receipts from sale of $2,000,000 Cin. A Ga. RR. bonds $1,200,000.
CONDENSED LEDGER

HA LANCE ON .FINE 30.

Equipm’t Sc cost of r’d.$82,500,000
Construct'll and equip¬
ment account

Profit and loss
Cash on hand At in bks.
U. S. P. O Department

Suspended accounts...
Two sleeping cars
Express Co. stock
South’ll Car W'ks st’ek.
Coal Cr’k Sc N. Riv.RR.
Coal lands
Mem. At Chari. RR. st'k.
Do

coup,

acc’t

Car Trust, series “A’*..

Rogers’ Loco. Trust

...

Bonds Sc st'ks unissued

rndiv’ls, agents At Cos.
Miscellaneous

Supply

store,

Ala.,stock

on

Selma,
hand..

Cent. Trust Co., N. Y..
5 per cent bds. held
to take up prior liens




1,199,917
183,517
89,967

24,313
23,989
11,442
5,000
10,000

1883.

Capital stock (com.).. .$27,500,000
Capital stock (pief.)... 16,500,000
Income bonds
147 6s, due. May 1, *86.
217 6s. due Jan. 1, '83.
3,123 7s, July 1, 1900.

16,500,000

2,650 5s, July 1, 1930.
1,000 6s. July 1, 1918.

2,650,000
1,000,000

1st

147,000
217.000

3,123,000

mortgage 5s. (only

$14,592,000 issued). 22,000,000

6,011

Miscellaneous bonds...

268.000

32.5 !9
195,375

bonds
Rogers Loco. Tr. bond.
Cin. A:,Georgia bonds

1,000,000

Car trust

1,116,435
1,475,215 i Bills payable
115,000 Dividends unpaid
767,431 Mempli. At Char...
214,502 lut'st due July 1. 1883
10.907 State of Georgia
Pay-roll balances
1,692 Pay-rolls for June and
unpaid vouchers
Samuel Thomas, Pres’t
.

7,408,000

$95,391,289

Duo

194,400
13,425.274
492,500
450,000
2,792.800
140,000
3,500,000
500,000
500,000
500,000
1,000,000
570,000

100

94

mortgage
Elizabeth. Lex.d:Big Sand//—1st mortg., op, or leg..
Elmira Jeff. £ Canandaigua.—Stock
1st

Elmira ct*

1,000

100 Sec.
100

1858

285

Eel River—Stock
v

1,000

1,709,550
495,900
27,500,000
16,500,000
14,592,000
2,650,LOO
16,500,000
3,123,000
383,000
147,000
95,000
1,000,000

_____

Eastern

b

$500,000

50

....

indivs,ag’nts&cos.

115,000
2,000,000

28,500
11,845
491,126
582,335
731.380
23,231
174,226
250.567

78,075
$95,391,289

1,998,400
91,800

J. &
J. Ac
M. A:

7
3
7

$1,000

1873

30
36
36

registered

1st mortgage

r,-'

,

Size,

Date
Miles
of
of
Road. Bonds

—

1

.

Bonds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.

■

of any error discovered in these Tables.

favor by giving immediate notice

July 1. 1903

PUiladelp’a, Co.’s Oilice.
Phila.. by P. Ac R. RR.
Pliila., P. Ac R. office.

J.
J.
S.

July 15, 1884
Alar.

1, 1888
/

....

5

7

«

.*

6
4

July 1, 1930
July 1, 1930
Aug. 1, 1931
July 1, 1900

J.
J.

g.

5
6

Ac J. N, Y., Central Trust Co.
do
do
Ac J.
do
do
Oct.
do
do
J. Ac J.
do
do
J. Ac J.
do
M. Ac N.
do
do
do
J. Ac J.
do
do
J. Ac J.
do
do
J. Ac J.
do
do
do
J. Ac D.
do
J. Ac J.
Boston.
M. Ac S. Boston,ShawmutN. Bk.
M. Ac S.
Boston and London.
J. Ac D. Boston, by Treasurer.

1882 to 1886

May 1, 1886
Jan. 1, 1887
July 1, 1918
July, 1923

„

<>

6
6
6
3
6
6 g.

2U
5
1
7

1394

July 15. 1873

Sept. 15,1886
Sept., 1906
June 16,1884
1900
Ateli. 5, 1884

Philadelphia.
Boston, by Treasurer.

....

Q. -M.
F. Ac M.
M. Ac. S.

Afar.

N. Y., Mills Building.
Baltimore, N. Cent. KK.
AI. Ac N. Phila., Penn. R. R. Co.

6
5
26
5

N. Y., Union Trust Co.
do
do

Q.-M.

1%

A. Ac 0.

7

Nov.

do
do
do

do
do
do

J. Ac J.
J. Ac J.
A. Ac O.

3*3

(V. 37, p. 234. 321, 397, 424, 534, 563, 719; V.

33.

1902

1,

Mar., 1884
1, 1884
July 1, 1884
Jan. 1, 1910
Oct. 1, 2862
Sept. 10,1884

....

Anrii 1,

p.

1890

1/17, 261, 332,

381, 409.)
Eastern (Mass.)—Owns from Boston, Mass., to Now Hampshire
State Line, 41 miles; branches—Salem to Marblehead, Indies ; Bever¬
ley to Gloucester, 17 miles; Salisbury to Amcslmry, 4 miles ; Revere
to East Boston, 3^2 miles; Peabody to Wakefield, S
miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. II., 16
miles; Newburyport City RR., 3 miles; Portland Saco
Portsmouth, 51
miles; Portsmouth Ac Dover, II miles; Portsm. Gt. Falls At Conway, 73
miles; Wolfeboro Railroad. 12 miles; total operated, 285 miles.
In March, 1883, a lease of this road to the. Boston At Maine was voted
forlifty-tiveyears (subject to legislation in New Hampshire), under which
the B. Sc M., after paying all yearly obligations of both companies out of
the joint earnings, will take $630,009 per year, and the next- $140,000
is divided equally between the two companies, after which $366,000, if
earned, goes to the Eastern. The B. AcM. were also to pay 6 pm* cent on
$5,000,009 new pref. stock if issued by the Eastern for retirement of
debt, but a trustee of the mortgage brought suit to prevent tlic lease
going into effect. Mortgage notes are $684,300. secured by real estate.
The last annual report for the year ending Sept. 30, 1883, was pub¬
lished in V. 37. p. 638. Operations and earnings for three, years past
(ending Sept. 30) were as follows:
619, 659, 678, 706; V. 39, p. 47, 168,

Alileage.;
63,099,873
68,479,129
75,641,226
p. 509; V. 39, p.

Miles.
Mileage.
282
83,411,100
282
93,871,712
285
100,003,005

1882-83
(V. 37, p. 234, 509, 638; V. 38,
Eastern (N.„ II.)— Owns from
....

Gross

Freight (ton)

Passenger
Years.
1880-1
1881-2

Net

•

Receipts.
Receipts.
$3,094,273 $1,124,000
3.403.077

1.110,109

3,584.500

1,273,676

264.)
Portsmouth, N. II.,

to Seabrook

(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two mouths at $22,500 per year, equal to
4-hj per cent per annum.

Moody Currier, President, Mane lies ter, N. IL

(Md,)— Owned from Delimit* to Cristhdd. Md., 38
miles. Tile road was sold in foreclosure Feb. 19, 1879, ami m 1882 a
new mortgage-was issued at 5 per cent, and prior mortgage bonds ex¬
Eastern Shore

changed. Stock, $137,9 ACcommon, an i $324,600 preferred. Hi Jan.,
1884, control of the road was purchased by Peon. RIt. for $150,000. In
1882 gross earnings $81,010; net, $22,229.
In 1883 gras* earnings
$81,258; net, $20,826; interest paid, $29,090. S. M. Felton, President,
Philadelphia. (V. 38, p. 60.)
Eel River.—Owns from Lugansport., Ind., to Purler. Ind., 94
miles. This was formerly tin* Detroit Eel River A* Illinois Railroad,
sold under foreclosure July 6, 1877. and reorganized trader present
name Dee.
10,1877. In August. ls79, it was leased t<> the Wabash St.
Louis Sc Pacific Railroad for 99 years, at. a rental of 3 pet* cent per
annum on the stock for two. years. 4 per cent'for three* vears. and 4h»
per cent thereafter.
The default of the lessee must for:“it, the lease
uuless renewed.
Idizabetldown Lexington A Big Samly,— R ..id owned. 1883,
Big Sandy River (C. As O. Junction) to Ashland, 8 miles; .Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to straits Crock
Junction. 22 miles; total operated. 132 miles. Charter permits exten¬
sion to Elizabethtown.
It is the connecting line.-of tile-Chesapeake A:
Ohio and controlled by the same parties. Authorized capital of the
company is $5,000,000. with a provision in t in* eliarter to increase it to
$10,000,000 to build the line from Lexington to Elizabethtown? Amount,
issued. $3,508,776.
The sinking fund holds $247,437. and each year

$25,000 from net earnings must be invested for that fund but bonds
can not be drawn for payment.
Hi 1882. gross earnings, $529,318;
net. $151,470.
For 1883 gross earnings .were $713,439 ; net, $ 217,278,
rentals, $18,086; interest on bonds. $110,340: interest on Hooting debt,
$15,866; other expenses, $13,921; surplus for year. $59,064. From
Jan. 1 to Aug. 31, 1S8J, gross earnings were $130,9-9, against $155,893; net, $ 147,805, against $129^520. (V. 37, p. 265. 6 K>; V. 38, ]).
202. 359, 509, 595 ; V. 39, p. 181, 264.)
Elmira Jcfflerson Sc Canandaigua.—Owns from Canandaigua,
N.

Y., to Watkins, N. Y.,

47 miles.

The road

was

force!, sed

"and

reorganized under present name Feb. 18, 1859. ft wa> leased to New
York Ac Erie for 20 years from Jan. 1. 1859, and the lea.se transferred
to N. Cen. RR. in 1866 at a rental of .$25,000 per year.
Lease termi¬
nated Jan., 1679, and road now operated at cost by Northern Central,
which company owns the whole stock. Gross earnings in 1882-3, $368,842; net, $92,739.
Elmira Sc
Williamsport.—Owns from Williamsport, Pa., to
Elmira, N. Y., 76 miles.
This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 percent
and on the preferred 7 per. cent. Gross earnings in 183 2-3, $903,269 ;
net, $309,010; surplus to lessee. $136,918.
Erie Sc Pittsburg.—Owns from Newcastle, Pa., to Girard, Pa.,
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased —
Girard to Erie. 15 miles; total operated. 100 miles. Road opened in 1865It was leased to the Pennsylvania RR. for 999 years from Match l,
1870, at a reutal of 7 i>er cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency paid by them iu
3 88J was $233,522 ; iu 1882. $207,651. and in 1*83. $260,071

SBATONCDK.RAILOD

18S4.)

October,




38

RAILROAD, ISTOCKS kAND BONDS.

Subscribers will confer a great favor
DESCRIPTION.

For explanation of column headings, &c., see notes
on

first page of tables.

Erie <& Pittsburg—(Continued)—
Consol, mort. free of State tax (for $4,500,000;...

Equipment bonds
European <6 No. A mcrican—Stock, guar. 5 per ct
let mort., Bangor to Winn., Bangor loan
Evansville d- T. Haute—Stock
1st mortgage. Evansv. & Ill., sink, fund
let mort.Evans. A Cr.,sink.fuud,(Evansv. to T.H.)
let mort. Evansv. A End. (guar.), gold
let consol, mort., gold (for $3,000,000)
let mort., Mt Vernon Branch, gold (for $J75,000)
Evansville Terre Haute <t Okie.—1st mort., gold
2d mortgage, gold

Fargo <£ Southern—1st mortgage, gold

180-32

Bonds, coupons, ($4,950,000 authorized)
Flint <£ Pere Marquette—Preferred stock

Holly Wayne A Monroe, 1st mort., sinking fund.

Florida Railway & Nav.—F. C. A W., 1st mort.. goid
Florida Transit—1st mortgage
Peninsular of Florida—1st mortgage
Florida Transit A Peninsul’r—1st M. ($3,000,090)
Fernandina & Jacksonville
‘
Fonda Johnslotcn <£ Oloversville—1st mortgage
Consol, mortgage
Fort Madison d Northwestern—1st mort., gold
Fort Wayne d Jackson—Pref. stock, (3 per cent)
Common stock
Fort Wayne Cincinnati *& Louisville—Stock
—

North

American,

-

'85
81^

1868
1370

114
56
146
51
109

....

1869

Owns

miles.

1852
1854

....

....

144
25
55
55
119
190

1881
1883
1870
1872
1883

.

....

’74-’81
1880
1868

17
....

....

65
234
155
50
239
24
10
26
100
97
97
128

1871
1882
1881
1876
1882
1883
1870
1830
1880

from
Road

Par
Value.

$1,000
1,000
100

7
7
2 >2

J.
A.
A.
J.

6

1,000,000

When

Payable

3,000,000 20 stock.
7
7
6
6
G
G
G
G

281,000

1,000
1,000

611.000

1,000

1.009,000
2,108,000

1,000

200,000
775,000

1,000
1,000
1,000
1,000

325.000

100

1,259,000
4,950,000

1,000

3,500,000

6,500,000
3,822,000
300,000
75,000
1,000,000
2,808,000
1,000,009
250,000
1,750,000
380,000
300,000
200,000
150,000
2,287,832
431,747
4,000,000

1,000
500 Ac.
500

1,000

1,000
1,000
1,000
1,090
1,000
100 Ac.
100 Ac.
500 Ac.

....

worked in

39, p. 203.)
Evansville Terre Haute Ac Chicago.—Owns from Terre Haute
Ind.. to Danville, Ill., 49 miles; leased, 6 miles: total

Junction,

It uses 6 miles of the track of the Rockville Exten¬

into Terre Haute; also leases the Indiana Block Coal road. 15
miles. On April, 30. 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years: terms, $75,000 per annum and the assumption

by the C. A E. 1. of all rentals and taxes paid by E. T. H. A C.

The

bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons; common stock, $690,000.
Josephus

Bonds—Princi¬

Where Payable, and by
Whom.

....

J.
M.
J.
J.
A.

gg.
g.
g.

M.

J.
J.
J.

g.

2^

5, 6 A 7 A.
J.
3^
6 g. A.
10
M.
10
M.
8
J.
5 g. J.
6
M.
7
J.
6
M.
G
J.
7
J.
6
I A.
7 g. A.
M.
2%

A
A
A
A
A
A
A
A
A
A
A
A
A
A

A
A
A
A
A
A
A
A
A
A

'

Stocks—Last

Dividend.

July 1, 1898

Company’s Office.

J. N.Y.,Farm. L’anA T.Co.
N.
do
do
J.
do
do
do
J.
do
O.
do
do
N. N.Y.,Farm.L’an A T.Co.
J.
do
do
J.
New York.
D.
Bostou, Office.
O.
do
J. N. Y., Mer. Ex. Nat. Bk.
O.
do
do
N. N. Y., Meehan. Nat. B’k.
8. N.Y., Merch.Kxck. N.Bk
J. N.Y.. Merch. Nat. Bank.
J. N. York or Amsterdam.
S.
do
do
J.
New York.
S.
do
J.
do
J. N. Y.. St. Nich. Nat. B’k.
do
O.
do
0. New York or London.
S. N.Y.,Farmers’ L.ATr.Co

i

Oct.

1, 1900

Oct.

1, 1884

Jan.
Jan.

1, 1894
1, 1894

July 1, 1887
Nov. 1.

1887

July, 1924
July 1, 1921
April 1, 1923
Jan. 1, 1900
Jan. 1, 1902
Jan. 1, 1924

July 1, 1384
1894 to 1903

July 15, 1884

Oct. 1, 1920
May 1, 1888
Sept. 1, 1887
Jan.

1, 1901
1922

April 1,
Mar. 1,
May 24,
Mar. 1,
July 3,
July 1,
May 1,
April 1,
Sept. 1,

1911
1906
1912
1923
1900
1920
1905

1884

....

....

*

Earnings—
Passenger
a
Freight
■
Mail, express, Ac

1830.

1881.

$
565,289
994,369

$

1,317,042
67,342

1,8 35,413
1,315,322

2,180,223

2,542,943

1

432,209

1,735,517

570.091

749.014

907.426

1881.

1 882.

39,967

Total gross earnings.. 1,599.624
Operat’g exp’s A taxes.. 1,145,929

4:3.695

earnings

Disbursements—
Interest on debt
Dividends
11
Loss on cargo “ St. Albans
Total disbursements
Balance for the year
GEN EI CAL

*
309,024

357.500

422,300

453,000

731.524

773,623

683.553

I! A LANCE

Steamers owned
Stocks A bds. owned, cost.
Accounts receivable
Materials, fuel, Ac
Cash on hand
In trustee’s hands
Income account
Miscellaneous items
Total assets

1883.

.$
322,113

def.113,462

Assets—

$
795,839

-

$
318,627

3,935

..

Railroad, equipment, Ac..

1883.

1892.

$
874,641
1,610,510
57.792

655,478
1,157,337
72,568

Net

pal, When Due.

J. N. Y., Union Trust Co.
O.
do
do
O.
Bangor.
J. Bost., Merch. Nat. Bk.

A
A
A
A

Bangor, Me.,

was

miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute A Logansport for 99 years from
Nov. 1, 1879. Formerly the Evansville A Crawfordsville RR. Co.
The 20 per cent stock dividend of 1884 was the distribution of $500,000
which had been held for some time in the treasury.. Gross earnings year
ending Aug. 31. 1883, were $751,690; net, $364,162; in 1881-82,
$826,427; net, $374,781. (V. 36, p. 731; V. 37, p. 175,478, 719; V.

Collett, President, Terre iJaute, Ind.

Rate per
Cent.

$2,485,000
685,000
2,500,000

50

Evansville Ac Terre Haute.—Owns from Evansville, Iinl., to
Terre Haute, Ind., 109 miles; Owensville branch and extension, 37

operated, 55 miles,

Outstanding

1,000

making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was made,
and a new company was organized October, 1880, which issued new
stock ($2,500,000) for the land grant mortgage.
The company had
a land grant of 750,000 acres in the State of Maine.
On Aug. 31, 1882,
a lease was made to the Maine Central for 99 years to date from April 1,
1382, for $125,000 per annum, equal to 5 per cent per anuum on the
stock, and assuming the bonded debt. Earnings in 1881-82, $540,022;
net, $221,694. Since then not reported separately.

sion

Amount

....

....

discovered in these Tables.

any error

INTEREST OR DIVIDENDS.

Size, or

....

361
290

Reorganization mortgage bonds, gold

European A:

Miles
Date
of
of
Road. Bonds

....

Flint A Holly RR. (sink’g fund $25,000 per year).
Bay County, issued in aid, guar, by lessees

to Vance boro (State Line), Me..
114
connection with the St. John A Maine,

by giving immediate notice of

[v0l. xxxix.

AT CLOSE

OF

EACH

sur.

16,490 sur.33,803

FISCAL YEAR

1880.
1881.
1382.
1383.
$
•$
$
$
9,671,959 11.361,345 11,754,789 12,326,336
1 30,300
134,200
2,000
526,641
558,000
558,000
92.35 1
70,413
154,899
131,603
21 7.777
229.382
193,655
179,440
47,201
115,021
112,147
21,291
22, "91
19,291
17,291
233,438
14,741
131,147
28,209
9,654
10,311,193 12.281,853 12,966,601 13,506,232

Liabilities$
•$
•$
.$
Fargo Ac Southern. -Fargo, Dak., to Ortonville, Minn., 11?) miles.
6,304.300 6,500 000 6.500.000 6,500,000
Opened August, 1884. Stock. $1,250,000, par $100. 11. JO. Sargmt, Stock
Bonds (sec Slpi’leuent)
3,7 26,658 4.321 530 5,028,000 5,197,000
Prosident. (V. 39, p. 434.)
1 12.160
Premium on bonds
154.596
107,757
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double Land
339,000
743.000
receipts
856,000
track), 50 miles; branches—Charlestown, 1 mile; North Cambridge
16 2.315
643.975
451,712
333,59*.
Unpaid div’s.vouchors,Ac.
to
Waltham,
7
mile*;
South Acton
to Marlborough, 12 miles;
All ot her accounts
1 05,81 s
117.120
85,393
65,315
Peterborough A Shirley, Ayer, Mass., to Greenville, 24 miles; leased Bioom • account
19,123
35,61 1
69,369
and operated—Vermont A Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy A Greenfield RR., Green¬
Total liabilities
10.311,193 12,231 .*53 1 2.960,001 13,506,232
field to North Adams. 37 miles; total, 190 miles. The Troy A Green field
—(V. 36, p. 55, 103, 478; V. 38. p. 38 6. 763; V. 39, p. 203.)
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
Florida Railway Ac Nav.—(Sec Map).— Miles owued as follows:
been operated by this company, and are now contracted to ir tor seven
years from Sept. 30. 1880.
iii January, 1884, the issue of $500,000 Jacksonville to Chattahoochee, 209 miles, and branches from Talla¬
bonds or notes was authorized, bearing 4Lj per cent interest, to fund hassee to Sr. Marks, 21 miles; a:id from Drifton to Montieello, 4 m.;
floating debt, Ac
The annual report for 1832-83 in Ciironicle of Fernandinat > Panasofkee, 168 miles; Waldo to Cedar Keys. 71 miles ;
December 29, 1883, said: “There has been an increase in gross traHie Wildwood to Leesburg, 12 miles; Hart’s road to Jacksonville, 24 in.;
earnings of $106,592, or 10 !1() l‘or cent, on passenger, mid 20610 per j total. 509 m. At Jacksonville, Fla ■ , March 1, a meeting of the stoekcent on freight business, as compared with previous year. The operat¬ ; holders of the Florida Central A Western, Florida Transit A Peninsular,
ing expenses have been 72^0 percent of gross transportation earnings, j Fernandina A Jacksonville and the Leesburg A Indian River railroads
against 76Hin last year.”
was held and all of the companies consolidated under the name
| of
the Florida Railway A Navigation Co., and the following is a list of
"Operations and earnings for three years past (ending Sept. 30) were :
I
directors:
C. R Cummings. C. J. Peck and F. W. Peck of Chicago; W.
Passenger Freight (ton)
Gross
Net.
Div.
: Bayard Cutting. Titos. C. Piatt, L. M. Lawson. E. IL Ifarriman, E. N.
Miles.
Years.
Mileage.
Mileage.
Earnings.
Revenue, p.ct. Dickerson
and II. L. Horton of New York: D. L Yulec and C. D.
190 42,854.047 114,507,916 $2,561,595 $289,581
7 Willard of
Washington, and A. ]).’ Basil tr and B. s. Henning of
190 47,628,311 112,943,822
2,452,729
366,271
6
Florida.
The system embraces 599 miles of completed railroad, and
1382-83
190 50,607.619 153.365,420
2,858,676
6
547.572
the construction of extensions north and south will be begun at one®.
—(V. 36, p. 55, 139; V. 37, p. 718 ; V. 38, p. 147.)
It is proposed to issue $16,<900 6 per cent consolidated bonds, with
FIlut Ac Pere Marquette.— Owns from Monroe, Mich., to Ludiiig- $13,000 of preferred and $1 3,000 of com mo j stock on each mile con¬
structed and hereafter to be constructed and equipped. Of the new
ton, Mich., 253 miles; branches—Bay Citj' to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch, securities, a sufficient amount will be set aside to take up all old securi¬
ties.
Of .the above F. C. A W. bonds $1,000,000 are a preferred lien
5 miles; Harrison branch,
30 miles; Manistee branch, 26 miles;
“series A.” the balance of the issue being known as “series B." B. 8.
Saginaw A Mount Pleasant Railroad, 15 miles; total operated,
(V. 38. p. 22 4. 301; V. 39, p. 233,
A Receiver took the old company in June, 1879; the Henning, President, New York City.
361 miles.
road was sold August 18. 1880, under the consolidated mortgage, and 290.)
Fonda J oil uptown Ac Gloverdville.—Owns from Fonda to
reorganization was made and preferred stock ($6,500,000) issued for tne Gloversville. 26 miles. The stock
is $300,000. Gross earnings In
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock lias no present right to vote 1882-83, $165,306; net, $32,091: surplus over all charges and 9*2 per
cent dividend, $18,519.
W. J. Heacoek. President, Gloversvilie, N. Y.
or to receive dividends, and will
be issued only after the preferred
Fort Jiadifton A: Nortliwesterii,—Owns from Fort Madison,
stockholders have received 7 per cent yearly dividends for live con¬
secutive years. The preferred stock is not cumulative, and after 7 per la., to Birmingham, la.. about 45 miles. Projected line, Fort Madison
to Oscaloosa, la., 100 miles.
Stock, $425,b00.
Earnings in 1881-82,
cent per annum is paid on both classes of stock, the balance of income,
$47,462: net, $20,727. Earnings in 1882-8 J, $56,316; net, $23,826.
if any, is to be divided ratably.
J. C. Atlee. President, Fort Madison, la.
For six months from Jan. 1, 1884, gross earnings were $1,215,410,
Fort Wayne A: Jackson.—(SeeMap L. Shore d M. S.)— Owns from
against $1,267,749 in 1883; lt d, $383,537, ag linst $431,991; surplus
Jackson, Mich., to Fort Wayne, Ind, 97 miles. Tile former Fort Wayne
for dividend. $214,562, against $274,181.
On Jan. 1,1884, the land notes (principal and interest) on hand for Jackson A Saginaw made default on its bonds and was sold* ia
foreclosure Dec. 3,1879. On Sept. 1,1882, leased perpetually to L. Shore
lands sold were $627,021, and lands yet unsold 103,619 acres.
The
sales of lands during 1883 were 6,355 acres, and total receipts, includ¬ I A Mich. South, at a rental of $126,027, equal to 51s per cent on the pref.
stock, and after 1387 any net earnings over 8 per cent oil prel'. stock to
ing timber and lots, $62,729. The total amount of cash collected in be paid
as dividend on common stock, but not exceeding 2 p. c. a year.
1883 was $204,026.. Annual report for 1883, in V. 38, p 386. Earnings
Fort Wayne Cincinnati A: Louisville.—From. Fort Wayne,
and operations for four vears past were:
rml., to Connorsville, Ind., 104 miles; branch to Rusliville, Ind., 24
1880.
1881.
1882.
1833.
miles; total operated, 128 miles.
The Fort Wayne Muueie A Cincin¬
Miles operated
345
361
317
316
nati Co. defaulted and a receiver was appointed Nov., 1874. The road
Pas-engers earned
712,209
813,131
994,225
1,018,496 was sold in foreclosure. July 27. 1381, to Elijah Smith, for the bond
Passenger mileage.
29.950.29 J 24,14 >,195 2 ).510,975 32,213,590 holders, for $1,000,000. The bondholders reorganized under this name.
Freight (tons) moved
868.816 1,013,965 1,137.539
1.442.SS4 Gross earnings in 1882, $274,320. Gross in 1883, $260,306; net, $16,Freight (tons) mileage. .63.113.684 30,891.052 92.933 733 123.112,615 335: interest paid, $3 500. Ely all Smith. Pres’t, Boston, Mass.
.

..

....

....

....




...




RAILROAD

40

description.

;

For

;

explanation of column headings, &c., see
on first page of tables.

notes!

AND

BONDS

by giving immediate notice of

Subscribers will confer a great favor
i

STOCKS

MilC8

Date
of

of
Road. i

Bonds

Value.

any error

discovered In these Tables.
Bonds—Prmci

INTEREST OR DIVIDENDS.

Size,

or
Par

[Vol. XXXIX

Amount

Rate per When Where Payable, aud by
Cent.
Whom.
Payable

Outstanding

pal,When Due
Stocks—Last
Dividend.
.

•

-

r

p.m.)[

Fort Worth. <£ Dear. City—1st M.,gold ($25,000
Frederick & Pennsylvania Line—1st mortgage
I
Galveston Earrisb.<£ S. Antonio—1st mort, gold, 1. gr.
2d mortgage
I
Mexican & Pacific Extension, 1st mortgage, gold
do
do
2d mortgage
'
Galveston Houston <& Hend. of 1882—1st mort.,guar
Geneva Ithaca <£ Sayre— 1st mort., 8. f., gold
!
Georgia Pacific—lit mort., $10,000 per mile
'
2d mort., income ($15,000 p. m.)
Georgia Railroad <£ Banking Co.—Stock
;

j

110

28
256
226
675
675
50
35
313
167
307

Bonds, not mortgage

Worth

A:

•

•

•

•

Denver

77
362
332
332
332

77&80
1867

219
219
570
83
292
292
292
292
15
53

1,000
1,000

1,000
1,000
1,000

1,000
1,000
100
100

....

1870
1881

....

1,000

....

....

1867

....

City.—Road in progress from

Fort

earnings year ending Sept. 30, 1883, $377,093; net, $158,003.
Aug. 31, 1884, gross earnings were $317,212, against
$226,192 in 1883; net, $137,390 in 1884. Morgan Jones, President, Fort
Worth. (V. 36, p. 80; V. 37, p. 640.)

Gross

From Jan. 1 to

Pennsylvania Line.-Owns from Kiugsdale to
is leased to Pennsylvania RR., which

Preferred stock held by Pennsylvania

RR., $461,000; common stock, $318,100; floating debt, .'coupons, &c.),
$135,914. Charles E. Trail, President, Frederick City, Md.
—(V. 36, p. 220, 623; V. 38, p. 332.)
Galveston

Harrisburg Sc

San Antonio.—Owns from Hous¬

ton, Texas, to San Antonio, Texas, 217 miles; Lagrange Extension, 3L
miles; Harrisburg to Pierce Junction, 8 miles; leased, Harwood to
Gonzales, 13 miles; total, 269 miles. Western Extension, San Antonio
to Rio Grande River, connecting with Southern Pacific, 636 miles; Eagle
Pass Branch, 35 miles; total Western Extension, 661 miles. Grand total,
939 miles. The extensions to the Rio Grande at Eagle Pass and to El
Paso were completed late in 1882.
This company was successor to the Buffalo Bayou Brazos & Col. Rail¬
way in 1870.
The capital stock outstanding on the whole road is

$27,093,030. The 1st mort covers 256 miles of old road and 1,500,000
acres of laud.
The proceeds of land sales are used to retire the bonds,
and also a sinking fund of 1 per cent, but it is optional with bond¬
holders to surrender their bonds, if drawn.
In June, 1881, a large
interest in the

stock

was

bought by Southern Pacific parties.

The

mortgages on the Mexican Pacific extension cover 636 miles of road,
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
671 in all. T. W. Pierce, President, Boston. The land grant is sixteen
sections (10,240 acres) per mile.

ending Dec. 31, 1883, the earnings and expenses, and the
income, and payments therefrom, were as follows oa the whole road,

In the year

net

EARNINGS, EXPENSES AND INCOME ACCOUNT.

Earnings from—
Freight
Passengers
Mail, express, &c

1883. |
$2,674,872 j Net earnings
492,258 i Payments—
519,636 ! Interest on bonds.
Interest

Total
Oper. exp.

$3,686,766
and taxes... 2,270,046

on

„

float, debt..

J Other payments

$1,416,720

earnings

1883.
$1,416,720
1,224,995
31,644

58,424

g.
g.

g-

g.

212

296,000
4,985,081
3,976,000 L
1,685,000
2,339,000

1,608,000
9,168,700

51083,024

D.
O.
A.
D.
N.
J.
O.
J.
J.
O.

Q.-J.
I.
I.
J.

7 g.

J.

3
8
6
8
10

3,818,000
3,000,000
433,000
1,200,000

&
&
&
&
&
&
&
&
&
A. &

7
6
7

7 g.
7
5
6
8
7 g.
6
-

(?)
1,600,000
3,781,000
6,840,000

J.
A.
F.
I.
M.
J.
A.
J.
J.

& J.
<fc J.
& J.

N.

Y., Mercantile Tr. Co.
Pennsylvania RR. Co.
N.Y".,D.,M.&Co.,&Loua.
N. Y., Drexel, M. & Co.
New York.
do
New York.
N. Y., Metrop. Nat. B’k.
N. Y"., Central Trust Co.

Dec.
Oct.
Feb.
June

1, 1921
1, 1900
1, 1910
1, 1905

May 1,
July 1,
April 1,
July 1,

1931
1931
1913
1890
Jan. 1, 1922
........

Augu8ta,Ga., RR. Bank.
do
do
do

do
do
do

& J. N. Y., Winslow, L. &
A. & O.
do
do
M. & 8.
do
do

1899

F.
M.
M.
F.
J.

& A. N. Y., Company’s Office
8. N.Y., Bk.of No. America.
& S.
do
do
& A.
do
do do
& J.
do

A. N. Y., Nat. City Bank.
N.
do
do
J. N.Y.Nat.City Bk.&Galv.
O. New York, Nat. City Bk

.

1899
1906

Feb. 1, 1911
May 1, 1911

July 1, 1909

Oct, 1, 1923

Feb. 15,1883

Mar., 1885
Mar. 1, 1911

Jan., 1892
Jan., 1892

tion Oct. 15, 1884, 313 miles. Built by Richmond & Danville Exten¬
sion Co., which has $5,000,000 subscribed capital; net

earnings eight
(V.36, p. 195 ; V. 37, p.

Georgia Railroad Sc Banking Co.—Augusta, Ga., to Atlanta,

Ga., 171 miles; branches to Washington and Athens,60 miles; Warrenton, Ga.,to Macon, Ga., 76 miles; total owned and operated, 307 miles.

The Western Railway of Alabama is controlled jointly with the Central
RR. of Georgia, this company holding one-half the stock of $3,000,000.
The Macon & Augusta RR., 76 miles, is owned by this company. The
Port Royal & Augusta RR. is owned one-fifth part by this company;
the Atlanta & West Point thirty-five one hundredths by this company.
In April, 1881, a lease for 99 years was made to W. M. Wadlev and

associates (for the Central of Georgia and the Louisville & Nashville
railroads) at $600,000 per year, payable semi-annually, aud dividends
are 2^ percent quarterly.
In 1883-84 net income from all sources,
including bank, was $650,945, leaviug a surplus of $37,287 above all
charges, including 10 per cent dividends. Total surplus of RR. Co. Mar.
31, 1884, $1,006,571; of Bank, $111,525. (V. 36, p. 453, 559.)
Grand Rapids Sc Indiana.—Owns from Fort Wnvne Ind., to Bay
View, Midi., 332 miles; branches to Carey’s, Mich., 15 miles; Deer
Lake, 7 miles, and Mitchell, Mieli., 8 miles; total owned, 362 milles ;
leased and operated: Cm. Richmond & Fort Wayne RR.. 86 miles;
Traverse City Railroad. 26 miles; Bay View Little Traverse & Mackinaw
Railroad, 6 miles; Grand Rapids & Mack., 34 miles; total, 515 miles.
The Grand Rapids & Indiana Railroad is operated in the interest
of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
bonds are guaranteed by that company,
which buys the coupons each
year if any remain unpaid by the earnings, and on January 1, 1884,

$2,140,490 unpaid coupons were hold by Pennsylvania RR. and Penn¬
sylvania Company.
First mortgage bonds redeemed by the sinking
fund are replaced by income bonds issued.
In June, 1884, a proposal for
issuing bonds to settle old debts was adopted as stated in V. 38, p. 738,
V. 39, p. 71, by which the new 5 per cent consolidated mortgage is
issued to amount of $13,000,000 for the debt due Penua RR., &c.
The Co. bad land grants amounting: to 852,960 acres, and sold in 1883
22,650 acres, for $225,040, an average of $9 91 per acre. The lands
unsold on Jan. 1, 1884, were 456,097 acres. The assets were $353,423
cash in

hands of trustees; $60 >.5G2

$1,315,063
$101,657

Surplus

bills receivable, aud cash with

cashier, $19,899.

The annual report for 1883, with balance sheet, &e.,
was published in V. 38, p. 507.
Operations and earnings for four years
past on main line were as follows :
Gross
Freight (ton)
Net
Passenger
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
1880
332
21,309,396
69,801,159
$1,692,754 $476,745
332
1881
24,661,483
79,316,473
1,940,570
562,890
332
1882
28,382,854
93,283,242
2,260,291
582,054
362
1883
2,332,134
30,314,507
102,398,821
653,195
-(V. 38, p. 424, 479, 507, 619, 738; V. 39, p. 71.)
....

....

....

BALANCE SHEET DECEMBER

31, 1883.
Liabilities.

Construction

$46,007,803

Capital stock

Equipment

3,699,917

Real estate

1,835,483
285,614

Materials, &c
Cash &

sundry assets..

Total assets

591,826
$52,420,613

Funded debt
Sehool fund
Other liabilities
Profit and loss
Total liabilities

$27,093,030
22,163,000
278,450
1,568,702

1,317,461
$52,420,643

T

From and after the opening of the whole line, Feb. 1, 1883, the leases
to Southern Pacific were canceled, and the road throughout operated
independently. (V. 36, p. 110; V. 37, p. 200 ; V. 39, p. 233, 324.)

Galveston Houston Sc Henderson of 1882.—Owns from Gal¬
The road was opened in
veston, Texas, to Houston, Texas, 50 miles.
1853^4 aud sold in foreclosure Dee. 1, 1871, and reorganized as the G.
In July, 1880, the company defaulted on its Interest
II. & H. of 1871.
and the road was sold iu foreclosure Aug. 1, 1882, for $460,000, and

Eurchased
the interest
of the
Jay purchasers,
Gould and Russell
olders, byinagreement
with
receivedSage.
cent
new 5The
per bond-

Green Bay
to Marshland,
to Steven’s Pt-.,

Winona Sc St. Paul.—Owns from Green Bay, Wis.,
Wis., 209 miles; branches, 10 miles; leased—Plover
6 miles; total, 225 miles. This was a reorganization in

1881 of the Green Bay & Minnesota, whicli company made default aud
the road was sold March 12, 1881.
Preferred stock is $2,000,000, and
entitled to 7 per cent when earned, and common stock $8,000,000, both
stocks in $100 shares.
Year ending June 30, 1883, net receipts, $99,-

805; interest and rentals, $111,323. Yrear ending June 30, 1884, net
receipts, $103,075; interest and rentals, $119,749; balance (deficit),
$17,492. Samuel Sloan, President, New York. (V. 37, p. 201, 479: V.
38, p. 30; V. 39, p. 409.)

Gulf Colorado Sc Santa Fe.—Mileage was as follows Feb. 1,
1884: Galveston to Lampasas. 274 miles; Fort Worth Division, Tem¬

ple to Fort Worth, 128; Northeastern Division, Cleburne to Dallas, 54 ;
Eastern Division, Somerville to Montgomery. 56 miles; Houston Divi¬
sion. Alvin to Houston, 24 miles ; total 536 miles. Road opened late in
1878 (63 miles), and sold and reorganized April 15, 1879.
Formally
opened under new regime August, 1880, and has beeu rapidly
See report in V. 37, p. 398.
Stock July 31, 1883, $4,560,000. In July,
1883, the 2d mortgage was authorized. Earnings and income for three
years were as follows :

extended

bonds for their old bonds, and the road is leased for 99 years, to the
International & Great Northern Railroad Company and bonds guaran¬
teed by that company. Stock of tlie new company is $1,000,000.
In
1883 gross earnings were $448,292; expenses, $410,396; net, $7,896., Miles
at end of year
—(V. 38, p. 331, 357.)
Gross earnings.
Geneva Ithaca Sc Sayre.—Owns from Geneva, N. Y., to Sayre, Net
earnings.
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
Disb u rsem en ts—

Hoyt’s Corners branch (leased), 3 miles;
Organized

October 2,

1876,

as

successor

total operated, 116 miles.
of the Geneva Ithaca

Athens Railroad (sold in foreclosure September 2, 1876), which had
been formed by consolidation of the Geneva At Ithaca and Ithaca A
Athens railroads. May 25. 1874.
In 1880 absorbed the Cayuga & South.
RR 37 miles. The common stock is $1,275,000; preferred, $400,000.
Gross earnings year ending rv?pt. 30. 1883, $519,246; net. $72,354;
Interest. $60,468.
In 1881-82. moss, $505,468;
Surplus $11,886.
.

deficit, $26,955; iuterest payments, $59,697; total deficit, $86,652.
Greenville. Miss., to Jolinsonville and branch (N.G.),52 mile?: in opera


http://fraser.stlouisfed.org/
\v-r»nn*n(rv7i|T|Y'}iYii.
Federal Reserve Bank of St. Louis

Rentals
Interest

on

debt

1881.

226
$777,434

$245,940

!

1884
Yearly to 1890
’97,1910,1922

Co.

&
&
&
&

months, Oct. to May, 1883-84, were $128,805.
151, 342, 563 ; V. 38, p. 202, 738.)

*

1837

F.
M.
J.
A.

&

-

Oct. 15,

....

Total
Net

600,000
3,134,000
2,500,000
4,200,000
171,500
2.200,000

"

^

Frederick Sc

4,756,000
635,000
13,418,000
3,354.000
2,000,000

'

100

1869
1869
1875
1884
1881
1881
1879
1883

■; and in operation to
Worth, Texas, northwest to the Canadian River,
Wichita Falls, 110 miles.
It is built by Texas & Colorado Improve¬
ment Co., G. M. Dodge, President, a corporation identified with the
Gould interests. Stock $20,000 per mile; par value of shares, $100.

Frederick City, Md.. 28 miles. It
pays interest on first mortgage.

250,000

100
500
1.000

1,000

6
6
6
7
5
6
5
7
6
6

$2,390,000

....

....

Bonds, not mortgage ($200,000 mature in 1922)..
Macon & Augusta, 1st mortgage
Grand Rapids dt Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR)
1st mort., gold, ($675,000 are land grant)
income mortgage bonds, for $10,000,000
Consol, mortgage
Green Bay Winona <& St. Paul—1st mort. coup
2d mort. income bonds, reg.. non-cumulative
Gulf Colorado <k Santa Fe—1st M., g. ($12,000 p.m.)
2d mortgage ($13,000 per mile)
Hannibal & St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Bonds 1870, convertible
Consolidated mort. (for $8,000,000)
Bonds Quincy <& Palmyra RR
Bonds Kansas City & Cam. RR

Fort

1881
$1,000
1870
500 <fec.
’71-’80
1,000
1880
1,000
1881
1,000
1881
1,000
1833
1,000
1870
100 &c.
1882

|

RAILROAD

October, 1884. j

DESCRIPTION.

Miles

explanation of column headings, Ac., see notes
on first page of tables.

Harrisb. Portsm'tk Mi. Joy dk Lane.—Stock
1st mor., registered (extended 30 years in 1883).
Harrisburg dk Potomac—1st mortgage, coupon
Hartford dk Connecticut Western—Stock
1st mortgage
Housatonic—Stock
Preferred stock.
1st mortgage, coupon
2d mort. nonds of 1869
Consolidated mort.. reg
HousL Dost dt West Texas.—1st mortgage, gold
2d mort., land grant ($5,000 per mile)
Houston dk Texas Cent.—1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gT., West div. (Hempstead to Austin)
1st M., gold,Waco A N’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Consol, mort., laud grant, Waco & Northwest
Gen. mort., gold (for $18,500,000)

Date
of
of
Road. Bonds

54
54
28
108
104
127
127
74

Size,




1879-230.

BONDS

Par
Value.

Scrip for interest 1st and 2d mortgages

....

Illinois Central—Stocx

}

Leased line 4 per cent stock, guar

J

Mortgage bonds, sterling

1,000

1883

1,000
1,000
1,000
1,000
1,000
1,000

1866
1870
1873
1872
1875
1881
1854
1857
1865
.

.

1,928

.

.

1,000
500
500

1,000

.'

....

100
100
£200
£200
£200

( ....
1875
1874
1875

706
706
706

any error

discovered in tbese Tables.

Rate per

$1,182,550
700,000
507,200
2,491,000
700,000
820,000
1,180,000
100,000
300,000
300,000

When

Cent.

Payable

3*«

J. A J.
J. A J.
J. & J.

4
7

Where

Payable, and by
Whom.

Phila., Co.’s Office.
do

do

Phila., Third Nat. Bk.

1^
5

994,000
750,000

•

6,262,000
2,270,000
1,140,000
4,117,000
84,000
3,300,000
416,000
367,500
1.497,000
118,895
29,000,000
10,000,000

2
7
6
5
7
6
7
7
7
8
8
6
7
7
5

J.

Q.-j.

g.
g.
g.
g.

g.

g.
g.

7
4
2
6 g.
5 g-

2,500,000

4,050,000
1,000,000

& J.

5 g.

F.
J.
A.
M.
J.
J.
J.
J.
A.
M.
A.
A.
F.
A.
J.
M.
J.

A
A
&
A
A
A
A
&

A

A
&
A
&
A
&
A
A
A. A
A. A
J. &

Bonds—Princi¬

pal, When Due.
stocks— Last
Dividend.

July 10, 1884
July 1, 1913
Jan.
Deo.

1, 1904
1, 1882

Hartford.

July 1, 1903

Bridgeport & Boston.

Oct. 15, 1884

A.
Bridgeport, Office.
J.
do
do
do
do
O.
N. N. Y., Union Trust Co.
do
do
J.
J. N. Y., J. J. Cisco & Son.
do
do
J.
do
do
J.
O.
do
do
do
do
N.
0.
do
do
O.
Philadelphia, Office.
A.
do
do
do
do
O.
do
do
D.
S. N. Y., 214 Broadway.
do
do
J.
O.
London.
O. London,Morton R.A Co.
D.
do
do

Aug. 1,

1885

July 1, 1889
April 1, 1910
1898
Jan. 1, 1913

July 1, 1891
July 1, 1891
July 1. 1901
Oct. 1, 1913
May 1, 1912
April 1, 1925
Oct.
Feb.

1.
1.

1891
1890

April 1, 1895
1, 1885

Dec.

Sept. 1, 1884

July 1, 1884
April 1. 1895
April 1, 1903
Deo.

1, 1905

•

,

Sterling bonds, (sinking fund £20,000 yearly)....
Mortgage, sterling

.

100
100
500 Ac.
500 Ac.
500 &e.

....

140
140
345
119
58
464
58
522
58
58
58
.

1,000

1865
1869
1880
1878

....

.

500 Ac.
100 Ac.
100

1883

Amount

Outstanding

$50

1853
1874

41

INTEREST OR DIVIDENDS.
or

3881
Huntingdon dk Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage consolidated

■

AND

favor by giving Immediate notice of

Subscribers will confer a great

For

STOCKS

■

The company was chartered Feb. 16, 1847, and road completed to St’
Joseph in Feb,, 1859. The branches were built under different organiza*
tions. The Bridge across the Missouri River at Kansas Citv is owned.
The compauy had a Congressional land grant and received $3,000,000
in bonds from the State of Missouri, which loan was repaid in cash in June.
1881, but litigation followed as to the interest payable on the State
bonds, the State claiming interest should be paid to it at 6 per cent till
maturity. The U. S. Circuit Court decided the further sum of $476,049
to be due the State, and the case is yet pending on appeal.
The land
sales for two years past were as follows:
1881. 29,836 acres for
$204,107, average $6 84 per acre; 1882, 15,784 acres for $'>7,030,
average $5 51 per acre. The lands unsold Dec. 31. 1882, were 35,905
acres, and amount yet due for lands sold, $707,093.
In 1883 $182,000
of 8 per cent land bonds were purchased with proceeds of land sales.
In September, 1882, a syndicate, including Jay Gould, Russell Sage,
and others, bought about 1)0,000 shares or common stock from John
R. Duff, of Boston, and in May, 1883, this common stock and a large
amount of preferred were sold to the C. B. & Q. RR. Co. at 45 for the
common and par for the preferred, payable in C. B. & Q. 5 per cent bonds
at par.

Preferred stock has prior right to a non-cuinulative dividend ot 7 per
cent; then common to 7; then both share. Fiscal year ends Dec. 31.
Annual election occurs in November. Income account for four years is
as follows:
INCOME ACCOUNT.

1880.

$

2,257.231
*

2,419,600

2,515,901

819,939

1,043,824

1,022,799

288,978
41,795

4,746

9,053

1,188,271
$

1,048,570
$

1,031.852

654,640

653,620

$
647,220

st,k.(61a)330,395 (7) 355,810 (6^)330,395
139,902
147,598
124,007

30,934

Receipts—

1,256.800

earnings

Premium on bonds...
Miscellaneous
Lands & 1. gr. bonds.
Total income

on

pr.

Miscellaneous

Tot. disbursem’ts.

$

37,559

$
654.640

1,008,760

678,154

53,814
39,810
195, 221,251,284,312,340,399,453,560.)

353,698

Balance, surplus...

-(V. 36, p.

6,354

63,610

1,326,761

Disbursements—
Interest on debt

Dividends

$
2,561,390

1883.

$

Total gross earn’ge...
Net

1882.

1881.

1,132,633
194,131

1,134,457

Harrisburg Portsmouth Mount JToy Sc Lancaster.—Owns
Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a part of main line of Penn. RR.
from

—(V. 36. p. 5C0.)

Harrisburg Sc Potomac.—Owns from Bowmansdale toShippens
burg, Pa., 32 miles; branch to mines, 5*2 miles; total operated, 37*2

miles. Extensions projected from Bowmansdale to Harrisburg. Bonds
authorized, $1,800,000'. Stock $379,165. C. W. Ahl, President, Boiling

Spiings, Pa.
Hartford Sc
Connecticut Western.—Hartford,
Conn.,
to
Rliiuecliff, N. Y., 108 miles, of which 102 miles are built; leases, 6

miles of Poughkeepsie. Hartford & Boston Railroad; total, 108 miles.
Foreclosure suit wras begun in 1880 against the former Connecticut

Western, and the State Treasurer took possession. On May 25, 1881,
bondholders re-organized, and stock in new company is issued for
bonds. In March, 1882, the purchase of the Rliinebeck & Connecticut
Railroad was made for $800,000 in the stock of this company. Gross
9amiDgs 1882-83, $391,411; net earnings, $68,502. (V. 37, p. 610.)

Housatouic.—From Bridgeport. Conn., to State Line,

Mass., 74

miles: Brookfield June, to Danbury, 6 miles; leased-Berkshire Railroad,
22 miles; West Stoclcbridge Railroad, 3 miles; Stockbridge A Pitts¬
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
issued in 1845 to pay for laying the road with heavy iron. There are
also $150,000 6 per cent equipment bonds due Feb. 1,1888, and $66,000
5 per cent Danbury branch bonds duo October 1, 1912. Operations
and earnings for four years past as follows:
Years.

.

..

Miles.
127
127
127
127

Passenger
Mileage.'
7,325,680
7,846,-94

Freight (ton)

Mileage.
17,890,190

Gross
Net
Div. %
Earnings. Earnings. Pref.
$740,997 $247,283
8

8,546,740

17,277,336
17.510,670

754,513
746,328

8,794,731

15,795,565

735,492

,

273,981
253,203
252,251

8
8
8

-(V. 38, p. 220.)
Houston Last Sc West Texas.—Owns from Houston, Tex.,
to Nacogdoches, Tex., 140 miles. (Narrow gunge, 3 feet.) It is intended
to build to Marshall. The company has a Texas land grant of 10,240
^cres for each mile constructed and equipped. Bonds issued to the extent
if $7,000 per mile, first mortgage and $5,000 per mile second mort¬
gage.
Stock authorized, $10,000,000; issued, $1,500,000.
Gross
earnings 1881-2, $251,079; net, $143,197; interest on bonds, $56,795.

%■

The surplus of $86,401, and cash from land sales, $50,659. were
applied to construction. In 1883 gross earnings, $301,946 ; net, $135,612: interest on bonds, $69,600; surplus for year, $115,012, which was
(Y.
applied to construction. Paul Bremond, President, Houston, Tex.
37, p. 75; V. 38, p. 571.)

Central.—Owns from Houston, Tex., to
345 miles; branches—Hempstead, Tex., to
Austin, Tex., 118 miles; Bremond. Tex., to Ross, Tex., 58 miles; total
opera tea, 522 miles. Texas Central RR. completed from Ross to Al¬
bany, 177 miles.
The company has a land grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,720 acres ;
but the lands, as in the case of other Texas roads, are not on the line
of the road. Mr. Morgan, of the Louisiana Steamship Line, bought a
controlling interest in the stock, and in February, 1883, the Southern
Pacific syndicate purchased this interest ($4,400,000 of the stock)
with their purchase of the Morgan property. Total stock is $7,726,900.
(See Y. 36, p. 212.) The general mortgage of 1881 for $18,500,000 is
made to the Farmers’ Loan & Trust Co. as trustee. Last report of earn¬
ings on the 522 miles gave the figures below. The payments out of net
earnings iu 1883 were: Interest on funded debt, $1,193,200; and for
betterments, $314,904.
Hoiifttou Sc Texas
Red River City, Tex.,

Gross

1881 (522 miles)
1882 (522 miles)

Eam’gs.

$8,748,655
3,156,517
3,251,875

NetEarn’gs.
$1,606,782
1,407,613

1,508,104
-(V. 36, p. 80,-212; V. 37, p. *00; V. 38, p. 387.)
Huntingdon Sc Broad Top.—Owns from Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles; branches—Shoup’s Rim, 9 miles; Six Mile
Run, 5 miles; and Sandy Run, 3 miles; total operated, 62 miles.
This road was opened in July, 1856. The capital stock is $1,368,050 com¬
mon and $1,983,500 7 per cent pref. stock.
No dividends ever paid on
common stock, and none on preferred from 1865 until Feb., 1884, when
75 cents per share was paid.
Earnings in 1883, $424,494; net, $196,651. In 1882, earnings, $320,434; net, $159,036.
(V. 38, p. 201.)
Illinois Central.—(See Map.)— Line of Road—The Illinois Central
Co. operates a system embracing 1,928 miles of road. Main line—
Chicago to Cairo, 365miles; Dunleith to Centralia, 341 miles. Branches
—Otto to Colfax. Ill., 60 miles; Buckingham to Tracy, Ill., 10 miles;
Kempton Junction to KankaKee Junction, Ill., 42 miles; Colfax to
Bloomington, 20 miles; total 132 miles.
Southern Division—New
Orleans- La., to Cairo, Ill., 548 miles; branches: Kosciusko Junction,
Miss., to Kosciusko, Miss., 18 miles; Durant to Lexington, Miss., 12
miles. Total owned, 1,525 miles. Leased—Dubuque to Iowa Falls, 143
miles; Iowa Falls to Sioux City, 183 miles; Waterloo to Minnesota
State Line. 76 miles.
Total leased, 402 miles.
Total operated Dec. 31,
1883, 1,928 miles.
On Jan. 1, 1883, took formal possession of the
Chic. St. L. & N. O. RR., now known as “Southern Division,”
Organization, Leases, &c.—This company was chartered in Decem¬
ber, 1850, and organized in March, 1851, and the whole road, 707
miles, opened September, 1856.
The Illinois Central was one of the
first, and lias been one of the most successful, of the laud grant roads.
The lands granted were upon the condition that the company
should pay to the State 7 per cent of gross earninss yearly in lieu of
taxes. The Springfield Division was acquired by a lease of the Chicago
&‘Springfield (Gilman Clinton & Springfield foreclosed) for 50 years,
but road is practically owned. The leases of Dubuque & Sioux City RR.
and Iowa Falls & Sioux City are on different terms.
(See the names of
those companies.) The company acquired a controlling interest in the
Chicago St. Louis <fc New Orleans Railroad, to which it made large
advances
From July 1, 1882, leased the Chicago St. Louis & New
Orleans for 400 years, at 4 per cent per annum on stock, and issued the
above 4 per cent leased line stock, in exchange for the Chic. St. L. &
N. O. stock. The Ill. Central owned all but $7,300 of the total stock
of $10,000,060. Fiscal year ends Dec. 31. Annual election held in March.
Stock and Bonds.—The Illinois Central stock has been held largely
in England. The bonds of the company proper are very limited.
On
the Chicago St. Louis A New Orleans the lessee guarantees the
principal and interest of all the outstanding bonds prior to the 5
per cent bonds, and, by an indorsement on the latter bonds, guar¬
antees the payment of the interest on the same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee.
The consolidated 5 per cent
mortgage bonds of 1951 are to be issued only for redemption of prior
bonds, and their issue does not increase the debt, which is limited to
$18,000,000.
Dividends paid since 1870 (prior to current year) have been : in 1871,
10 per cent; in 1872, 10; in 1873, 10; in 1874, 8; in 1875,8; in 1876,
8; in 1877, 4; in 1878, 6; in 1879. 6; m 1880, 6; in 1881, 7; in 1882,
7; in 1883, 8, and 17 per cent in Chic. St. L. A N. O. stock, exchangeable
for leased line certificates. Prices of the stock yearly since 1870 have
been: in 1871, 1323139*2; in 1872, 1193140; m 1873. 903126*2; in

1874, 90 3108*2; in 1875, 88*2® 106*2; in 1876, 60*8* 103% ; in 1877,
in 1878, 723e@87; in 1879, 79*4 a> 1003*; in 1-80, 99*2®
1881, 1243146*2; in 1882, 1273i3l50*2; iu 1883, 124®
148; 1884 to Oct. 17. 1103140.
Operations and Finances.—The Illinois Central for many years i aid
10 per cent dividends, as the road drained a rich territory, of which it
was the only outlet to Chicago.
But the building of numerous east and
40V379;
127%; in

west lines

crossing its road cut into its business severely.

The company,




explanation of column headings, &c., see notes
on first page of tables.

Illinois Central—(Con tin tied)—

Bonds, coup. ($2,000,000) M. anCh. & 8p. RR
Bonds, reg., mortgage on Middle Div
Chic. St. Louis & N.O., IstM. (N. O.J.A G. N.)....
do
do
2aM.
do
—
do
do
2d mort.,
do
—
do
do
1st mort
do
do
2d mort
do cons.M., gld. (for $18,000,000)
do
Illinois 'Midland—1 Rt. mortgage, gold
Indi/SPO Ftlnnmingtmi & West.—Stock
1 Rt, mort.., preferred, coup, or reg
t st mortgage, coup , may be reg

Tricorne non Jr, reg., convertible
Consol, income bonds for $6.000,000
26 mortgage, coupon or reg
1

Rt mortgage,

gold, Eastern Division

Indianapolis Decatur & Springfield— 1st mort.-, gold
2d mortgage, gold.
Ind. & Evansv.—1st M., gold (for $3,380,000),
Indiana Illinois <£• Iowa—Bonds—

$A £

Indianapolis <£ St Louis—1st mort., in 3 series
Mort for $2,000,000, gold, (end. by C. C. C. A I.).
Indianapolis <£ Vincennes— 1st mortgage, guar
26 mortgage, guaranteed

City—Stock

Iowa f alls cfe Sioux

April 1, *09
West.—1st mort.(for $500.000)

1 Rt, mortgage.

Ithaca Auburn
2d mortgage,

Tables.
Bond«—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

immediate notice of any error discovered in these

great favor by giving

Subscribers will confer a

43~

BONDS

AND

STOCKS

RAILROAD

October, 1884.]

(income for 3 years)

Size

Miles Date
of
of
Road. Bonds

Ill

131
206
224
185
567
567
567
147

or

par

Amount

Value.

Outstanding

1877
1881
1856
1860
1865
1877
1877
1881
1875

$1,000

$1,600,000

1,000
1,000
1,000

968,000

1879
1879
1879
1881

100 Ac.
500 Ac.

696
202
202
202
342
202
140
152
152

2,847,000
1.488,000

100 Ac.

70S),100
1,400,000

1,000
1,000
1,000

80,000
11,432,000
4,173,000

ibo

J. A J.
F. A A.
J. A J.
A. A O.
F. A A.
M. A N.
J. A D.
J. A D.
J. A J.

7

J.

10,000,800
1,000,600

4 to 6

72,300
4,565.000
1,500,000

6

1879

100 Ac.
1,000
500 Ac*.

1881
1876

1,000
1,000

1876

1,000

1881
1882

500

3,000,000
1,800,000
2,778,000
1,100,000
600,600

1869

1,000

2,000,000

7

1S82
1367
1870

1,000

500,000

6

1,700.000
1,450,000
4,623,500
2,947,500
315,000
498,090

7
6

72
72
117
117
1,94
184
38

500 Ac.

1,000
100
500 Ac.
100 Ac.
100 Ac.

1869
1876
1877

38 *2

Where

Payable, and by
Whom.

Pay’ble

6
5
9
8
8
7
6
5 g.
7 g.

3.500,000

iib

When

Rate per
Cent.

pal,When Due.

N. Y., 214
do
do
do
do
do
do

Stocks—Last
Dividend.

Broadway.

Jan.

do

Aug.

do

1.

1898

1, 1921
July 1, 1886
Oct. 1, 1890
Feb. 1, 1886
Nov. 1, 1897
Dec. 1, 1007

do
do
do
do
do
do

June

Jan.

15, 1951
1, 1905

A J. N. Y., Corbin Baufe’g Co Jan. 1, 1900
April 1, 1*909
do
do
do
do
J. A J.
April 1, 1919
do
do
T. A J.
July 1, 1921
< lo
do
A. A 0.
April 1, 1909
June 1, 1921
do
do
J. A D.
A. A O. N. Y., First Nat. Bank. July 1, 1906
Julv 1, 1906
J. A J. Treasurer, 67 Wall St.
A. A O. London and New York. April 1. 1911
1887
M. A N.
Various N. Y., Union Trust Co.
July 1, 1919
Nov. 1, 1912
M. A N.
Agency, N. Y. City.
F. A A. NT. Y., Farm. L. AT. Co. Feb. 1, 1908
do
do
M. A N.
May 1, 1900
Boston.
Sept. 1, 1834
Q.-M.
Oct. 1. 1917
A. A O. N. Y„ Nat. Park Bank.
I)cc., 1906
J. A D. N.Y., Hanover Nat. Bk.
Jau. 1. 1907
do
do
J. A J.
A. A O.

6

4 to ,6
6 g.
7 g.
7 g.
6 g.
6
a.

14*
7
7

7
'

i

i

New Or"
leans, and invested largely in improving the property. In 188.'? its opera*
tions are included in the 111. Cent. The III.. Central owned $9,992,700
of the $10,000,000 stock, ol‘ which $4,122,700 were pledged against the
leased line 4 per cent stock, and t he balance of $5,57o,< 0 j was owned
absolutely by the Illinois Central, and in June. 1883, a distribution of
17 per cent in this slock was made to Illinois Central stockholders.
The profits of the whole line, as against, the increased liabilities, are
to extend its business,

in the figures

seen

got possession of the line from Cairo to

below for 1883 :

1881.

1881.

IS 83.

1882.

1.928
1,320
1,320
1,320
operated.
$13,061,743
$8,905,312
$8,586,397
Total gross earn’gs..
$9,322,127
$
$
$
'
Net receipts—
$
5,264,157
4,421,996
3,962,879
Net earnings
4,187,715
Total road

112,000
165,551

Interest
Miscellaneous

1,465.266

Total net income..
Dish u

$
768,702

r semen ts—

Rentals paid
Interest on debt

161,105
286,224

181,825
148,732

352,805

4.410,208
$
735,696

4,749,553

5,764,391

761/227

1,486,203
538,750
2,900,000
632,529

$

672,600

668,000

531 000

1,740,000

2,030,000

Construct’ii acc’uuts
Bonds redeemed

842,323

925,380

2,030.000
1,271,452

Tot. disbursem’ts

3 963,625

Dividends]on Ill.Cen.

Balance,

surplus.

147,42!)

50,000
4,359,076
51,132

501,641

...

-(V. 37, p. 479; V. 38. p. 87, 227,
Illinois midland.—Operates

4,593,079
155,874

5,607,482
156,909

243, 332. 35 8 ; V. 39, p. 264.)
from Terre Haute, Tnd., to Peoria.,

Ill., 173 miles, of which 148 miles are owned and 28 miles leased
Tins was a consolidation Nov. 4, 1 474, of the Peoria Atlanta. A Decatur.
Paris A Decatur and Paris A Terre Haute.
Receiver appointed Hept
11, 1875. June 30, 1883, floating debt $."00,000. aval receiver's certi¬
ficates, $1,335,263. There were prior mortgages on the roads forming
this consolidated company. In 1831-82, gross receipts, $290,229; net,
$12,519. In 1882-83 gross earnings wi re $211,186; net, $278. Stock.

$2,000,000.

D. II. Conklin, Receiver.

Indiana Bloomington A;

(V. 37, p. 151; V. 34, p. 295.)

Western.-Owns from Indianapolis,

to Pekin, Ill., 202 miles, and Indianapolis to
Ohio, 142 miles. Reused, Indianapolis to Delator, 153
Ind.,

to Peoria. 9 miles;

Hprwiglh Id,
miles; Pekin

Springfield to Sandusky, O., 130 miles; Cary, O., to

Findlay, O., 16 miles; Springfield to Columbus, 45 miles. Total operated
696 miles. This was a consolidation in March, 1831, of the Ind. B. A’
W. and the Ohio Hid. A Pacific.
The Cincinnati Sandusky & Cleveland
and branch was leased in April, 1381; but of (his, 24 miles (Springfield,
O., to Dayton) is leased to Cincinnati A Springfield.
In Decem¬
ber, 1881, leased the Indianapolis Decatur A Springfield road, guar¬
anteeing $200,000 per year. The former Indianapolis Bloomington A
Western Company defaulted Oct. 1, 1874, and a Receiver was appointed
Dec. 1, 1874. The road was sold in foreclosure Oct. 30, 1878, and the
company reorganized.
On the first and second mort. bonds the interest was 3 per cent 18791832, 4 per cent 1883-8-1, 5 per cent 1835-1887, and 6 per cent f here¬
after until maturity. The income bonds take such interest from July 1,
1879, not exceeding 6 per cent per annum, as the net err nings may
suffice to pay. $830,000 stock scrip was issued entitled to a dividend
of 7 per cent per annum, after a dividend of 8 per cent on the common
stock. After the payment of a 7 per cent dividend, the stock scrip is

convertible into common stock.
The statistics from the annual report for 1883 was in V.

38, p. 594.

EARNINGS AND EX TENSES.

1881.
Miles owned
Milos leased

Net earnings

199

352

$
592,565

1,019,784
183,717

earnings

Operating expenses and taxes....

44

;

1883.
344
352
G96

696

401

Total operated
Earnings—
Passenger
Freight
Mail, express, Ac
Total gross

1882.

202

$

$

924,725

1,020,464

1,554,616

1.699,310

2(i(),886

302,592

1,826,066
1,134,874

2,740,227
1,851,574

3,023,366
1,985,847

691,192

888.653

1,036,519

INCOME ACCOUNT.

Receipts—
Net earnings




1891
$

691,192

1882.
*

1883.
„

888,053

$

1,036,519

253,276
196,119
30,306

-(V. 36, p.

1882.

1883.

$
57o,770

$
569,164
433,375
20,”52

327,733
28,450

931,964
1,023,291
def 43,311 sur. 13,228
139, 623, 673; V. 37, p. 534: V. 39, p. 540. 594.)
479,701

Total disbursements
Balance

sur.

211,491

Indianapolis Decatur Sc Springfield.—Owns from Decatur,
Indianapolis, Ind.. 153 miles. This company is successor to the

INCOME ACCOUNT.

1S80.

$

Disbursements—
Rentals paid
Interest on debt
Miscellaneous

III., to

foreclosure April 26,1375. In I)cc.,
W. for 50 years, at 30 per cent of gross
guarantee of $200,000 per year. An adjustment

Indiana A 111. Cent. RR. sold in

1881, was leased to Ind. Bloom, it

earnings, but wit h a

proposed in April, 1881, was partly carried out, but in Nov., 1882,
the trustees of the old 2d mortgage took possession of the road, subject
to the lease to I. I?, it W.
lu Feb., 1884, the holders of the pref. stock
and 2d mortg. received notice that they could re convert their holdings
into the old 2d mortgage bonds.
Common stock is $500,000. (V. 36, p.
590; V. 38, p. 177.)
Indianapolis A Evansville.—Tn progress Indianapolis to Evans¬
R. G. llorvcy, President,
Bonds issued in London May, 1881.
Evansville, Ind. In February, 1882, an attachment for rails sold was
issued, and in 1883 foreclosure was sought. (V. 36, p. 427.)
ville.

Indiana Illinois Sc Iowa.—Tn progress, and in April, 1883, in
operation from Momeuee. III., to N. Judsou, Ind., 110 miles. Stock,
$2,079,900. Gross earnings in 1S92-3, $33,033; deficit, $4,514. A. W.
Hides, President, New York City.

Indianapolis Sc St. Eouis.—Owns from

Indianapolis to Terre

Haute, Ind., 72 miles; leased line, St. L. Al. A T. II. and branches,
193 miles; total operated, 265 miles. The old lease of the St. Louis
A. A T. II. was guaranteed by three other companies, and suit has been

pending

as

to the rental.

The company was formerly controlled by

Pennsylvania Company, which owned the stick of $600,000, in
connection" with the Cleveland Col. Cin. A Ind. Interest had not been

the

paid on the second mortgage and equipment bonds since April, 1878,
on July 28, 1982, ttie road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. Si Ind. Co. and a

Mild

new

company

President"

A

organized September, 1382, with J. H. Devereux as
lease was made of the St Louis Alton Sc Terre Haute

new

by which this company nnd the Cleveland Columbus Cincinnati Sc In¬
dianapolis are jointly liable for the rent of $150,000 per j'ear as a mini¬
mum.
Of the first mortgage bonds scries “A” are J. & J.; series ‘‘B,”
M. & S.; series **C,” M. & N.
There has ijeeu a large deficit on the company’s operations after de¬
ducting tlie rental. Net earnings in It S3 were $172,419; rental paid,
4150,:,51 ; interest on bonds, $i 70,000. miscellaneous, $29.431; total,
$619,782; net lo^s fo lessee, $477,363. The road is only incidentally of
advantage to its owners as a route To St. Louis.
Operations and earnings for four years past were :
Freight (ton)
Net
Passengei
Gross
Years.
Milos.
Mileage.
Mileage.
Earnings. Earnings.
266
1880
15,285,443
148,947,237 $2,009,922 $608,413
1.881
266
187,670
19.479,278
196,029,304
2,048,651
1*H2
266
21,008,318
202,085,772
2,086,776 df. 111.608
18“ 3
265
172,419
20,963,061
196,667,532
2,131,621
(V. 36, p. 80, 427.)
Indianapolis Sc Vincennes.—Owns from Indianapolis, Ind.,
to Vincennes, Ind., 117 miles.
The Pennsylvania Company owns a
coutrolliugintereBt in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000;
tiie debt due. to Pennsylvania Co. is $674,( 92.
In 1880 the net earn¬
ings were $60,506; in 1881, $10,260; in 1882, $19,350; in 1883, deficit,
$11,031. Annual interest on debt amounts to $206,000.
Iowa Falls Sc Sioux City—(See Map of lllinor8 Central).—Owns
from Iowa Falls, la., to Hioux City, la., 184 miles. This road was opened
in 1870 and is leased to the Illinois Central for 20 years from Oct. 1,
1867, at a rental of 36 percent of the gross earnings. The Illinois
Central has an option of continuing the lease after 1887 at same rental.
This company also receives a drawback of 10 per c-t. on business to and
from their Line over the Dub. & S. City RR., and receives rental for 26
miles of its road used bv the Sioux City A St. Paul Co.
In the year
ending March 31, 1384, the total rental was $329,254: receipts from
sales of lands, $441.500; the total income was $943,830, and all ex¬
—

penses.
is

including dividends, $537,367. The contingent fund invested
Lands remaining unsold, 45,490 acres. Horace Williams,

$1,450,000.

President, Clinton, la.

(V. 36, p. 589.)

Ithaca Auburn Sc Western.—Owns from Freeville to Auburn,
N. Y., 38 miles; track to Cortland, 11 miles, used.
The New
A Oswego Midland RR., Western Extension, was sold In
and tins company organized Sept. 20, 1876. The stock is
On April 1, 1883, was leased to Southern Central of New York for
term of its charter, at a rental of 331,* per cent of gross earnings, with

York
foreclosure,
$975,800.
the

guarantee that rental shall equal 4 per cent on first raor*gage bonds.
Foreclosure litis been consented to by a majority of bondholders in order
to change the form ol$ bonds to conform to the terms of the lease.
(V.

36,_p. 479.)

,!

-r

44

KAILEOAD
Subscribers will confer

a

AND

BONDS.

[VOL. XXXIX.

great favor by giving immediate notice of any error discovered In tliese Tables.

DESCRIPTION.
For

STOCKS

explanation of column headings, Ac., see notes
on first page of tables.

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Miles
Date Size, or
of
of
Par
Road. Bonds Value.

Amount

.

Outstanding

Rate

per1 When

Cent.

Where

pal,When Due.
Payable, and by Stocks—Last
Whom.

'Payable

Dividend.

l

Jacksonville Southeast.—1st mortgage
General mortgage
Jefferson (Pa.)—1st A ‘id morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carboudale)
JetTersonviUe Madison d- Indianapolis—Stock
Jeff., Mad. A Tnd., 1st M. (s. f. $15,000 per year),
do
do
2d mort. ($100,000 in 1882)..

Jersey City d- Bergen—1st mortgage
Jersey Shore Bine Creek d Buff.—1st mort.,

54
112
9

38
224
159

ir>9

1880
18*2
1867
1869

$1,000

$300,000

1,90 I
1,000

733,000
300 v 00

1.000
100

1866
1870

1,000
1,000

2,000.000
2,000.900
2,660,000
2,000,000
375,000
3,500.000

6
guar

Joliet d Northern Indiana—1st mort., guar by M. O.
Junction (Philadelphia).—1st mort. (extended)

44
3-6
3-6
45

2d mortgage

Junction dBreakwater—Funded debt (Del. St. loan)
2d mortgage
Kansas Central—1st mortgage (for $3,200,000)
Kansas' City Port Scott <0 <Julf—Stock, common

Stock, preferred

1st mortgage, land, gi ant, sink fund
Mortgage on branches, guaranteed
do
do

168
389
389
159
292
26

Equipment bonds
Kansas City Springfield d Memphis—1st mort
Plain bonds (rod’blc at will at 105 and int.), guar

281

Kentucky Central— Stock
Covington A Lexington,mortgage
May-ville Division mortgage...

2.50
89
50
2 20
162

Genera! mortgage
Keokuk a-Des Moines— 1st M., int. guar. C. R. T. A P.

-

-

-

.

1883
1877
1882
1865
I860
1876
1881
....

1,000
1,000
1,000

6
r*

....

7
4 io
6

300.000
400,000
250.000

-

1 000

4
4
6

1,348,000
4,018,000
2,7.50,000
2,400,000

....

....

100 A c

1855

1,000

1,000
1,090

2*2
4
7

2.399,000

7
5
6
6

390.000
525,009
7,000,000
50 ',000
5.584.800

....

1,000
....

■6
1
7
7
4 to 6

220,000
400.000

..

1,000
100 Ac.

,T.
J.
J.
J.

7
7
7

800,000
425,000

1879
1880
1 882
1-83
1883
1884

1881
1878

6
6
7
7

0,379,000
2,750,000

5

A
A
&
A

.T, N. Y.. Am. Ex. Nat. Bk.

J.
do
do
J. Honesdale Nat. Bank.
J. N. Y., by Erie Railroad.
Q.--F. N. Y.. F arm. L. A T. Co.
A. & 0.
do
do
J. A J.
do
do
,T. A ,T.
|.T. A D. Pliila. P. A II. RR. Co.
J. A J. N. Y.. Farm. L. A T. Co.
J. A J. Phila., 233 So. 4tli St
A
A O.
do
do
,T. A J. Lewes, Del., Treasurer.
F. A A.
do
do
A. A O.
Oilier, 195 Broadway.
F. A A.
Boston.
F. A A.
do
). A J. Bost., Nat. Webster Bk.
!M. A S.
do
do
F. A A.
do
do
J. A D.
do
c! o
M. A N.
Boston. Ofliee.
,

1887 A 1889
Jan. 1, 1889

May, 1881
1, 1906

Oct.

July 1,
Jan. 1,

J.

A

J.

do
do
N. Y.,Farm. L. A T. Co.

1910
1903

1933

July 10, 1907
July 1, 1907
April 1, 1900
1890
Feb.. 1896

April 1. 1911
Aug. 15, 1884
Aug.

15,'1884

July 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Dee. 1, 1893
Miiv 1,
Mav 1.

|M. A N.
Cincinnati.
j.L A I). N. Y., Bank of America.
J. A J N. Y., Morton, B. A Co.

;a. a o.
’

July 1, 1910
.1 uly 1, 1912

1923
1894

May, 1881
June, 1885
1906

July 1, 1911
Oct.

1, 1923

1
i

Jacksonville Southeastern.—Owns from

Jacksonville to Cent-

ralia, la., 112 miles. This was the Jacksonville Northwestern & South¬
eastern Rlt.. projected from Jacksonville to Mt. Vernon, 125 miles. Bonds
were issued at $20,000 per mile, amounting to $600,00.0.
In 18/9 the
company was reorganized by the bondholders under this name. In 1880
the road was extended 23 miles and bonds issued. Stock $1,000,000. In
year ending June 30, 1883, gross earning*, $107,524; net, $25,658;
interest paid, $22,779. W. S. Hook. Presid’t, Jacksonville, Ill.
Jefferson.—Owns from Susquehanna Depot, Pa., to Carboudale, Ta.,
37 miles; branch, Ilawley, Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie A West.
Capital
stock, $2,096,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville Madison Sc Indianapolis.—Owns from Louis¬
ville, Ky., to Indianapolis, 1ml., llo miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibyville, Ind., 24 miles;
Jeffersonville, Ind., to New Albanjq Ind., 6 miles; Shelby & Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
The road was leased to Pennsylvania Company from 1873. with a guar¬
antee of interest on bonds and 7 per cent on stock. Lease was modified
from January 1, 1880, the lessees to pay over all the net earnings to
the J. M. it I. Co. In 1881 Hie Penn. Company purchased $1,939,000 of
the stock. Dividends were at the rate of 7 per cent per annum till
May. 1880, and reduced afterward. In 1862 interest on bonds was
$329,000 and sinking fund $100,OdO, leaving a deficit for the year of
$74,018. Operating expenses have increased largely since, is80. * Earnings for three years past were as follows:
Years.
1881
18*2

Miles
186

1883

Gross Earn.
1.462.802

201

1,545,198

Net Earn.
365.043
35(5.807

204.

1,420,893

356,783

—(V. 38, p. 379.)

Div. p. c.
3

6

miles.

In 188 l

earnings, $323,511; net, $101,678; in
Stock, $250,000. Dividends 10
C. B. Thurston, President, Jersey City.

1882,-gross, $283,884;
per cent in 18“3.

gross

net. $86,105.

Jersey Shore Pine Creek «V Buffalo.—From Catawissa Junc¬
tion to Wtokesdale on tin* Corning C. it A. Road, 75 miles.
It is a con¬
nection between Philadelphia A: Reading lines and N. Y. Central, and
bonds are guaranteed by these companies and the Corning C. & A.,
on the condition that guarantors shall
advance money for interest if
needed and take 2d mortgage bonds for such advances. Stock and
bonds mostly held by Mr. W. II. Vanderbilt. Gross earnings in 1883
were $188,728 ; net. $17,400.
See V. 36. p. 54, 560, 675.
Joliet Sc Northern Indiana.—Owns from Joliet, TIL, to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1854 and leased to the Mich. Cent. Above
issue of bonds definitely guaranteed was given as a compromise
in
place of old 8

per cent
per cent per annum.

bonds.

Stock ($300,000) carries dividends of 8

Junction (Philadelphia).—Owns from Belmont) Pa., to Gray’s
Ferry, Pa., about 4 miles
It connects the Pennsylvania, the Phila¬
delphia & Reading and the Philadelphia Wilmington A Baltimore rail
roads, coming into Philadelphia. Capital stock, $250,000.
Net earn¬
ings in 1881, $69,956; in 1882, $123,919; in 1883, $130,731. Dividends
-are paid according to
receipts; 20 per cent paid in 1883.
Junction Sc Breakwater.—Owns from Harrington to Lewes. Del.
40 miles; branch to Rehoboth, 5 miles; total
operated. 45 miles. In
1883 voted to consolidate with Breakwater & Frankt'ord an l the Worces-.
ter rail roads. Gross earnings, 1881, $83,693; net, $30,924. Gross in

1882,

Stock
is $306,006. N. L. McCready, Presifent,
112,804;
net, City.
$51,119.
New York
(V. 34,
p. 625.)
Kansas Central.—Owns from Leavenworth to Milton
vale, 168
miles. Sold under foreclosure of first mortgage April 14, 1879.
Reor¬
ganized April, 1879. Gross earnings in 1882, $169,554; net. $5,861 •
deficit afterpayment of interest, $70 575. Stock, $1,348.000. Union Pac.

holds $1,313,400 of the stock and $1,162,009 bonds. Sidney Dillon, Pres.
PTKansas City Fort Scott Sc
Gulf.— Mileage is as
follows:
Main Line—Kansas City to Baxter Springs, 160 miles; branches—Weir
City to Cherry' alle, 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City. 22 miles; Rich Hill Junction to Carbon Centre
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 100;
Coalvale to Cherokee, 26. Total operated, Dec. 31, 1883, 389 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott A Gulf, which made default October 8.
1873, and was sold iu foreclosure February 4, 1879. The first mort¬
gage bondholders of the old road took 80 per cent in the new mort¬
gage bouds, and for all other claims stock was issued.
The branches
nave been liuilt mainly b)r this
company and bonds are guaranteed.
In August, 1884, it was proposed to build a line of 151 miles from a
point on the main line 23 miles south of Kansas City t» a point 20 miles
west of Springflell, Mo., on the Fort Scott S. E A Mem. RR.
For this
purpose each holder of 25 shares of stock of the Kansas City Fort Scott
& Gulf RR. of record Sept 4. 1831, was entitled to subscribe to one
block of the securities of the Kansas City Clinton A
Springfield Railroad
Co., consisting of 6 shares of capital stock at par. $609; $1,000 5 per
cent 40-year gold bond at 25
per cent, $250; total, $350; The bonds
were to be guaranteed
by Kans. City Ft. S. A Gulf. (See V. 39, p. 234.)




report for 1883 was iu V. 38. p. 018. The following state¬
the earnings ami the income account for the four years,

1*80. 1881, 1882 and 1833, but does not include the 50 miles of narrowgauge road prior to the year 1883 (which during the year 1882 were
widened to standard gauge). The income account, however, includes all
lines, the differences in net earnings as stated being due to a deficit of
$6,000 in 1889 and $9,000 in 1*81, and a profit of $50,745 in 1882, on

the narrow-gauge road.

In 1883 all lines
INCOME

Receipts—
Total gro*s earnings..
Net earnings

Interest, Ac
Total income
Bisb arscmen ts—
Interest on bon Is
Leased lines interest..
Dividends
Rate

paid

included in operations.

1881.

305

365

$
1,212,364
525,915
58,215

$
1,503.215
663,901
25,966

584,130
$
234,350
*36,936

689.867

219,837

on com

Do

are

ACC* >UNT.

1880.
Miles opcr.(incl nar g.)

pref—

........

8

Sinking fund
Miscellaneous

11,360

1882.
389

1883.
389

$

$
2.016,212

1,703,199

■

750,319
15,051

837,668

837,668

125.536
312.700

765,370
$
182,856
162,629

173.203
184,003

359,360

359.364

2
8

3
8

$
20 J,059

$

3
8

20,330

26,830

24,360

5.241

8,980

26,520

740,6 >5
24,715

767,450

Total disbursements.
663.866
502,483
Balance, surplus
81,647
26,001
For four months only.
—(V. 36. p. 312, 427, 452 ; V. 37, p. 48. 342 ; V.
p.

Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point.,

N. J.,

The annual
ment gives

3^,

p.

70.218

595. 618; V. 39.

234 )

Kansas City Springfield Sc
braces two corporations under the

Memphis.—1This organization em¬
laws of Missouri and ‘of Arkansas to
build a road from Springfield, Mo., to Memphis, Tenii., 282 miles.
Road finished October. 1883. The Kansas City Ft. Scott & Gulf will
appropriate 15 per cent of gross earnings on business to or from the
new road to pay interest on
the bonds, or retire the principal at 110.
Capital stock, $5,250,000. (V. 37. p. 424; V. 39, p. 71.)
Kentucky Central.—Owns from Covington, Ky., to Livingston,
Ivy., 157 miles; Argenta to Roundstone, 30 miles; Paris, Ky., to Maysville, Ky.. 49 miles; Paris to Lexington, 19 miles : leases Richmond to
Stanford, 34 miles; total operated, 250 miles. This was formerly the
Covington A Lex. RR., which was foreclosed in 1859. In 1375 the pres¬
ent company was formed, and took possession May 1, 1875. The Maysv.
A Lex. RR. was taken Nov. 17, 1876.
In June, 1881, a majority of the
stock was purchased by Mr. C. P. Huntington of the Chesapeake A Ohio
road, and an extension from Paris to Livingston, Ky., 70 miles, will
be completed in 1884.
Enough of. the general mortgage is reserved to
retire the third mortgage, due i835. This comp my leased of the Louisv.
it Nasliv. RR. its Richmond branch for 99 years from Jan 1, 1883, for
$21,090 per annum, with a right to purchase at any time for $400,090.
In Februiry, 1884, the company needing mure money,the stock was
assessed 10 per cent, and the gen ral mortgage bondholders agreed to
take 4 per cent interest for three years beginning July l, 1384, instead
of 6.
Of this the report of Mr. C. P. Huuti igt >n. President, in Chroni¬
cle, V. 33, p. 645, gave particulars.
Under the arrangement, the fixed
charges for the year would be $30 '.999, including interest and rentals.
In 1884. from Jau. 1 to Aug 31, eight months’gross earnings were
$577,263, against $528,725; net, $199,981. against, $220,3*0.
Operations and earnings for three years have been:
INCOME ACCOUNT.

Receipts—
Total gross earnings
Net earnings
Disbursemen ts—
Rentals paid
Interest on debt
Taxes

1881.

1882.

1883.

$705,127
$214,472

$724,363
$309,273

$842,052
$356,819

‘$28,000

$23,000
130,630
20,412

$52,000

Dividends

70,875
17,732
73,252

Miscellaneous

23.885

....

Total disbursements

Balance, surplus
*

$213,744
$728

214.563

19,434

20,29*7
$179,042

$130,231

$306,294
*$50,525

The coupons due .Tan. 1, 188 1, were $181,110, and deducting the sur¬
plus frr the year 18*3, $50,525, there was an actual deficit of $130,585.
—(V. 37, p. 23 ; V. 38, p. 114, 177, 332,359, 645; V. 39, p 96, 181, 264.)

Keokuk Sc Des UToines.—Owns from Keokuk, la., to Des Moines
162 miles. This was a reorganizationK Jan. 1, 1874, of the Des
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island At Pac, RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(not
principal) on the nreieut bonds. The stock is $1,524,600 of 8

la.,

cent preferred and $2,600,400 of common, a majority of which is
held by the lessee. In the year 1882-83 gross earnings were $534,466,
and rental, at 25 per cent, $133,616, leaving $3,833 deficit on the inter¬
est charge paid by lessee. A dividend of 1% per cent on preferred stock
per

was

paid December, 1881.

(Y. 38, p. 148.)

Subscribers will confer a great

tavor by giving

explanation of column headings, Ac-* see notes
on

first page

immediate notice of any error discovered in

of tables.

Date

Iiles
of

of

load. Bonds

Size,

or

Par
Value.

Amount

Outstanding

Lackawanna <£• Pittsburg—Mortg. (for
Income bonds (for $’.,000,000)

$....

$2,000,000)

1883
1881
1882
1882

62

Allegany Cent., 1st mortgage, gold
do
2d mortgage, gold
Income mort., not cumulati
do
Lake Erie & Western—Stock
.'1st mortgage, gold
Income bonds convertible (not cumulative)

62

Sandusky Extension, 1st mortgage
do
"
do
income bonds
Lafayette Bloom. A Muncie, 1st mort., gold
do
income M. con. (non-cumul.)
do
Lake Ontario Southern— 1st mortgage, gold
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
Consoi. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort., do. (for $25,000,000) coup. A reg.
Lake Shore dividend bonds..
1st mortgage, sinking fund. M. S. A' N. I
3d mortgage (C., P. A A. Rll.) registered

bonds..
(C. A Tol. ItR.) sinking fund
do

Buffalo A State, line.mortgage bonds.
Buffalo A Erie, mortgage bonds
Let. Monroe A: Tol., 1st mort., coup., guar
Kalamazoo A White Pigeon, 1st mortgage
School emit A Three Rivers, 1st mortgage
Kalamazoo A Schoolcraft, 1st mortgage

1.000

1879
1879
1880
1880
1879
1879
1880

2i
21
200
200
50
340

1870
1870
1873
1869

864

864
864

258
451
95
162
162
88
88
62
37
12
13

1855
1867
1855
1866
1866
1868
1876
1869
1867
1867

59.000

6 g.

1.000
1.000

1,000

327.000
600.060

1,000

2,500 OCC

1.000
1.000

1.000,000
994.300

100

49,466,500

100
1.000

533,500

1,000
1,000
1,000
1.000

l

^ 7DC Df.n

1,000
1.000
1.00J

F. A A.

April, 1883, of

1919
1899
1905
1, 1884
1. 1884
1, 1900
1, 1900
Dec. 1, * 1903
April 1, 1899
May 1, 18*5 Oct. 1, 1892
July 1, 1885
April 1, 1886
Sept. 1, 1886
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1887
July 1, 1887

N. Y., Metropolitan Bk. May
do
do
Yearly.1
May
A. AO. X. Y., Union Trust Co. July
Q.-F. , N.V.,Grand Cent.Odice, Nov.
do
do
!F. A A.)
An?.
July
J. A .T.
July
Q.-J.

M. A N.

T
7

A D.

ij.

7
7
7

A. A O.
M. A N.l
A. A O.

n
t

J.

7
7

A.
M.
(A.

rr
4

7
7
7
8
8

F.
J.
J.

A
A
A
A
A
A
A

Coupons are paid by

Trcasuri]* at Gr’nd
Central Depot, N.

J.
0.
S.
O.
A.
J.)
J.

Y., and

registered'

interest by Union
Trust

Company.

jj. A J.

j
Lackawanna Sc Pittsburg;.—A consolidation in
tlie Allegany Central and the Lackawanna A Pittsburg.

Aug. 1, 1919
Aug. 1, 1920

....

5

100.000

Aug. 15. 1919
Aug. 15, 1899

do
do

do
do

August.

1*2

849,000
300,000
2,784,000
924,000
400,000
100,000

1.000
1.000
500 Ac.
1.000

1, 1912

Jan.

F. A A.

6 g.

5,240,000
920,000
1,595,000

1922

1,

....

1

/

S
)

Jan.

J. A J.
Jan’arv

6 g.
7
6
7
6 g.
rr

21,192,000
1,356.000

1,000
1,000

1

April 1, 1923
April 1, 1923

New York.
1

....

...

1,815.000
1,485 000

1,000

Stocks—Last
Dividend.

t

A. A O.

6

36,000
7,700,000

500 Ac.
.

386
165

(?)
299,000

6
6
6 g.

$1,624,000

and by

i1

1

mortgage
2d mortgage

Bonds—Princi

pal.Wlien Due

When Where Payable,
Whom.
Payable1

Rato per'
Cent.
i
»

1st

these Tables.

INTEREST

DESCRIPTION.
For

45

AND RONDS.

STOCKS

RAILROAD

October, 1884. J

1,
1,
1,

j
annual reports of this company are

Operations, Finances. Ac.—The

Road operated models of clearness in all the statistical matter. The road is greatly
Jan., 1884, from Lackawanna Junction, New York to. Perkinsville. 42 depenient on tlirough traffic, or traffic from competitive points, and its
business is therefore injured by auy cutting of rates on trunk line
miles; Swain’s to Nuiida, 12 miles, and Olean to Angelica, 40 miles.
Tlie last-named line is 3 ft. gauge and the others standard gauge, also freights.
in* 1882, 140,500 shares preferred stock and 124.800 shares of com¬
operates under trackage contract from Lackawanna Junction to New mon stock of the New York Chicago A St. Louis Railroad (a con¬
Castle, 207 miles. Stock $5,000,000, of which $1,500,000 is preferred.
The A. C. 1st mort. bonds are redeemable any time at 105. From June trolling interest) were purchased and $6,500,0u0 of Lake S. A Mich.
8. 2d consol, mortgage bonds issued to pay for it, making an additional
1 to Dec. 31, 1883, gross earnings were $60,920, net, $10,717, on 40
interest charge of $456,890 per annum, which can only lie compen¬
miles of road. Geo. D. Chapman, Pres’t, N. Y. City.
(V. 38, p. 202.)
sated directly when tlie N. Y. Chic. A St. L. pays dividends. But this
Lake Erie Sc "Western.—Owns from Sandusky to Fremont, 22 purchase placed the Lake Shore in a new position, controlling two lines
miles; Fremont to Celiiia, 99 miles; branch to Minster, 10 miles; from Buffalo to Chicago and leaving only the Grand Trunk of Canada
Celina to Muncie, 54 miles; Muncie to Illinois State iine, 120 miles; not under Vanderbilt control.
The semi-annual statement for the first half of 1884 was in Y. 38. p.
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette Bloomington A 763, showing a decrease in gross earnings of $1,888,271, and in net
Muncie and the Lake Erie A "Western. The line embraces the former of $680,705 compared with tlie first half of 1883: alter paying 3*2 per
Lafayette Bloomington A Mississippi road and the Lake Erie A Louis cent on tlie stock the defleienej* for the half-year was $715,827, against
ville. There are also $140,000 in car trust certificates outstanding.
$231,858 in 1883.
The earnings of the road during the past two years have shown a con¬
Tlie annual report for 1883 was published in V. 38. p. 569. containing
siderable deficit, which in the last report (for 1882-83) was referred to as the tables below, showing the earnings and income account for a series
follows :The deficit as shown upon these reports (for three years) is of years:
ROAD AND EQUIPMENT
$344,478, which has been provided for by loan in such manner as not to
1883.
embarrass the company. This deficit is mainly due to the failure of the
1882.
1881.
1880.
crops upon the line, a misfortune common to railroads in Illinois and
1.025
1,0*25
1.0*25
1,025
Miles owned
Indiana, the large payments made upon equipment, and large construc¬
315
315
152
152
Miles 1’sedA eontrol’d
tion expenses, which have been charged into the operating account.”
The fiscal year of this company terminates June 30. For the year
1,340
1.310
1.177
1,177
Total operated...
1883-84 no report has been issued, but the returns to Illinois Commis¬
sioners show the

incomplete figures below:

OPERATIONS AND FISCAL

*

Gross earnings.

.

Operating expenses

.

Net earnings
Rentals paid

.

Net income

.

Payments—
Interest on bonds
Interest on floating debt
Construction of new work
Additional equipment
Total

-(V. 37,
Lake

.

1881-82.

1882-83.

1883-84.

$1,424,013

$1,503,523

1,140,989

1,304,389

$1,264,193
965,250

$283,024

$199,134

$298,943

9,645

$269,932

$189,489

$298,913

$278,520

$278,520

$278,520

13,733
92,551
20,000

12,133

130,547

73,828

43,534

$464,734
$404,804
266, 399, 421, 508. 563; V. 38. p. 114; V. 39.

Ontario

Southern. —Owns from Sodus

Stanley, N. Y., 34 miles.

Sliore

p.

(?)
210, 264.)

Point. N. Y.,

to

This company was a consolidation. Dec. 2,

1879, of the Ontario South and the Geueva Hornellsville
railroads. Stock, $940,475. Gross earnings in 1880-81,
Lake

(?)

13,091

.

p.

1881.

18-0.

INCOME ACCOUNT.

A Pine Creek

$31,088.
A: Michigan Southern.—f See Map.)—Line of
Y.,to Chicago, Ill., 540 miles; branches owned, 324m.

ROAD—Bulfalo, N.
Other lines owned as follows : Detr. Mon. A Tol., 62 miles; Kalamazoo A
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43 miles .
Detroit Hills. A Southwest., 65 miles; Fort Wayne A Jackson, 98 miles;
total, 315 miles. Total road owned leased, and operated, 1.340 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern A North. Indiana RR. May 27, 1869,
and th( Buffalo A Erie RR. August 16, 1869. The consolidated line em
braces the former roads of tlie Cleveland A Toledo and the Cleveland
Painesville A Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore A Michigan

Southern road had been largely increased by stock distributions, and on
the lines between Buffalo and Toledo the profits had been so large that

watered.

the capital of several of the companies had been repeatedly
The consolidated line (including Detroit Monroe A Toledo) then em¬
braced 927 miles, with $34,938,000 stock and $22,283,000 funded debt.
The Detroit Monroe A Toledo, Kalamazoo A White Pigeon, and the
Northern Central of Michigan, are proprietary roads controlled by

RESULTS.
1882.

1883.

Operations—
3,909,356
4,118.83*2
3,68*2,006
3,313,485
Passengers carried..
215,715,155
Passenger mileage .. 176,148,767 207,953,215 227,098,958
2*19 cts.
215 cts.
1-OS cts.
213 ets.
Rate per pass. $ mile
8,478,605
9,195,538
9,164,508
8,350,336
Freight (tons) moved
*
1,689,512
1,892,868
2,021,755
1,851,166
Freight (tons)-mirge
0*728 Cts.
cts.
0*628
0*617
cts.
cts.
0*750
A v. rate $ ton
mile
$
$
$
$
Earnings—
4,736,088
4,897,185
4,134,789
3,761,008
Passenger
14,077,294 12,659,987 12,022,577 12,480,094
Freight
1,297,474
1,305,877
911,159
1,176,615
Mail, exp., rents, Ac.
Total gross earnings.
Operating cx penses.
Net earnings

P.c.of op. ex. to

ear’gs

*

*

*

18,225,639 18,513,656
11,057,807 11,001,853

18,749.461

17,971,391

10,418,105

11,278,428

8,331,356

6,692,963

7,167,832

7,511,803

62*76

60*67

59*43

55*56

*

Three ciphers omitted.
t Includes damage and loss of freight and baggage,
law expenses, rents payable and hire of cars.
INCOME ACCOUNT.
1882.
1881.
1880.

personal injuries,

$

Receipts—

$

Interest, divid’s, Ac.
Pr.onbds.A st’kssold

208.662

6,692.963
238,675

Total income....
Disbursements—
Rentals paid
Interest on debt

8,540,018

7,781,638

8,331,356

Net earnings

Dividends, guar

Dividends, ordinary.
Rate of dividend
New cars A engines*.

....

Total disbursem’ts

7,511,803
158,540

7,266,224

7,670,343
471,876
3,132,120
53,350

850,000

282,955

273,925

357,087

2,612,230

2,714,955
53,350
3,957,320

53,350

53,350

3,957,320

3,957,320
8

3,957,320

8

8

7,082,712
183,512

7,614,666

674,949

199,597

Miscellaneous

Balance, surplus

$

7,167,832
98,392

2,622,730
8

1883.

$

6,916,350
1,623,662

7,771,371
10,267

*
In 1880 this item amounted to $700,000, but was charged to
ing expenses, and in 1882 it amounted to $1,019,000, but was

55,677

operat¬

charged

The New York Chicago A St. Louis road is in
general account below
similarly controlled by the purchase made in 1882. Tlie Chicago A
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR
Canada Southern is also operated by the Lake Shore A Michigan South.
1883.
1882.
1881.
1880.
Stocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
$
$
$
A
ssets—
’
$
cent dividends. The ordinary stock has paid the following dividends
69,848,600 69,848,600 70,048,600
since 1870, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 34*: in Railr’d, build’gs, Ac. 68,862,600
17.169,000 17,300,000
14,378,000 16,150.000
1875,2: in 1876. 344; in 1877, 2; in 1878, 4; in 1879,6*2; in 1880, Equipment
365,780
365,780
305.798
K’l est. A office prop.
223,597
1881, 1882 and 1883, 8 percent each year.
715,000
660.000
660,060
660,000
The range in prices of stock since 1870 has been: In 1871, So^^lie^; Ch.&Can.8o.bds.,Ac.
9,414,477
8,702,428
1,907,386
Stocks owned, cost..
2,288,358
1872, 83*2@98*4; 1873, 57*4697%; 1874, 6778@8458; 1875, 51*4®
1,554,030
2,127,180
2,115,180
1,924,080
80*8; 1876, 48685a; 1877, 45-67338; 1878, 5570^71 5q ; 1879,67® Bonds owned, cost..
1,421,342
1.394,956
1,409,578
Advances
1,253,778
108; 1880, 95®1395s; 1881. 1125b®135% ; 1882, 98 ®120*s; in 1883,
1,221,178
1,355,153
1,166,890
Materials, fuel, Ac...
973,785
92%® 11478; in 1884 to Oct 17, 673s® 104%.
53 4,275
317,320
724.669
Cash
on
hand
3,410,798
The fltst consolidated mortgage bonds are redeemed each year by
582,545
604,312
994,797
Uncollectedearnings
744,291
$250,000 contributed to the sinking fund. The above bonds of all
classes outstanding are given less the amounts held in the sinking
94,719,287 95,282,898 102,761,684 102,940,272
Total assets.
funds, which amounted to $3,250,000 Dec. 31, 1883.

ownership of their stock.







RAILOD
STOCKS
AND
BON
I

S.

[Vol,
XXX
1x3

RAILROAD

1884.]

October,

Subscribers will confer a great

favor by giving

first page

Lake Shore & Michigan

Miles Date
of
of
Road. Bonds

of tables.

Southern—(Continued) —

Kalamazoo Allegan A Gr. Rapids,
Kal. Allegan & Gr. Rapids, stock,

1st mortgage...
6 p. c. guar
i

Jamestown & Franklin, 1st mortgage
Jamestown A Franklin, 2d mortgage

'si
51

!

gold

41

j

2d mortgage

Lehigh <£ Lackawanna—1st A 2d mortgages
Lehigh Valleg—Stock ($106,300 is pref.j
1st mortgage, coupon and registered

!

oo

1

‘-25

|

2d mortgage, registered
Consol. mort.,gold, $ A£ (s.fd. 2 p.c.y’ly) cp.Areg.
Easton & Amboy. 1st mprt., guar.(for $6,OOC.OOO)
Delano Laud Company bonds, endorsed

Little Miami■ -Stock, common
Street con. 1st M. bds (jointly with Cin.A End.RR.)
Renewal mortgage
Little Rock <£ Fort Smith—Stock
1st mort., land grant sink, fund (for $3,000,000)..
Funding coupon scrip
Little Rock Miss. River if- Tm as— 1st mortgage
2d mortgage
Little Schuylkill—Stock
Ling Island—Stock

22

Size,

or
Par

101
232
60

1963
1869

1,00*0
50

1865
1881
1979
1881
1377

1,000

329.000

1368
1870
1873
1880
1972

196
84
168
165

186 4
1882

,

1,000

discovered In tliese Tables
Bonds—Princi

! 1876
i

1381

ai;

354

extension
main

I

95

When

8
3
7
7
2
7

J.
J.
J.

Q

5,000,000

6

J.

1.000

6,000.000

1,000
1,000
1,000

13,636,000
2,500,000

7
6

M.
J.
M.
J.

50
1.000

4,637,300

5
7

1.395,000

o

6
250,000
5
1,400.000
4,505,308 10 stock.

1,000
500 Ac.

2.453.500

500 Ac.

633,332
1,871,500

1,000
50

1,106,000

7
7
7
7

2,487,850

3

50
500
500

10.000.000
175,000
1,121,500

1
7

1860
1838

7

-

A
J. A
A. A
A. A
J. A
F.

50

6
6
7
2

A J.
0.
A J.
A D.

A. A

Whom.

J.

]
J

>

f
preceding page. <
i
Pittsburg Office.

See

Philadelphia, Office.
D. Re", at office; cp.B’kN.A
S.
Philadelphia, Office.

Q.-J.

do
do
do
Cincinnati.
Q.-M.
Various Cinn., Lafayette Bank.
M. A N. N. Y., Rank of America.
do
do
do

Stocks—Last
Dividend.

.

A. N. Y., Winslow. L. A Co.
J. N. Y., Nat. Exch. Bank.
0.
O.
D.
Philadelphia.

A
A
A D.
A N.
A J.

-

pal,When Due.

Payable, and by
...

1.000

1,000

Where

Payable

6

1

170

Cent.

800,000
145,000
240,000
600,000
33,123,831

!
1975

Rate per

$410,000

$1,050

323

101

Amount

Outstanding
Value.

610,000
335,000
500,000
450,000

22
17

1st mortgage

Lehigh if- Hudson River— 1st mortgage,
Warwick Valley, 1st mortgage

1st mortgage,
1st mortgage,

1868

53

la

Lawrenve—Stock

do

Immediate notice of any error

INTEREST OR DIVIDENDS.

DESCRIPTION.
on

4r

BONDS.

AN D

STOCKS

July

1, 188 3

Oct.
Var.to
Oet.
Oct.,
Aug.,

1, 1884
JTy,’97
1, 1894

1884
1895

July 1. 1911
1899
1911

Dee. 1. 1907
Oct. 15. 1884

June, 1898
Sept., 1910
1898 A 1923
1920
Jan.. 1892

Sept. 10. 1884

1894
Nov. 2. 1912
July 18, 1881
Boston. Treasurer.
I. A J. N.Y.. Wm.C.Sheldon ACo Jan. 1, 1905
J. A ,T.
Jan. 1, 1906
Boston, Co.’s Office.
T. A J.
1911
do
do
A. A O.
July 12, 1884
I. A J.
Philadelphia Office.
Q-F. N.Y.,Corbin Bank’s Co. Nov. 1, 1884
do
do
May, 1890
M. A N.
do
do
May, 1898
M. A N.
-

....

Little Miami.—Owns from Cincinnati, Ohio, to Springfield _ Ohio
81 miles; branch, Xenia, Ohio, to Dayton. Ohio, 16 miles; leased,
$
Columbus A Xenia Railroad, Xenia to Columbus. Ohio, 55 miles;
50.000,000 50,000,000 50,000,000 50,000,000
A Western Ritilroad, Dayton, O.. to Indiana State Line, 37 miles;
Bds, (see Soppi.em’t) 37,180,000 38,439,000 44.716.00 * 44,466.000 Dayton
State lane to Richmond, Fnft.,4 miles; total operated. 196 miles. The
Dividends
1,016.005 Ohio
2,005.335
1,016,*>05
1,016,005
Miami Railroad proper extends from Cincinnati to SpringtieM, but
Other liabilities
1,115,402
2.133,677 2,506,589 Little
822.729
portion bet ween Xenia and Springfield is now operated as a branch ;
Profit and loss
4,702,223
4,712,491
4,890,002 4,951,678 di
for the remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the DayTotal liabilities.. 94,719,237 95,282,898 102.761.684 102,940,272
ton & West. (Dayton to fnd. State, line) and the Rich. A Miami (State line
—(V. 37. p. 411, 422, 695, 707, 719: V. 38, p. 295. 569. 571. 751. 763 ; to Richmond), and on Feb. 4, 1965, purchased the. road from Xenia to
V. 39, p. 47, 292, 203, 235.)
Dayton; these three roads <ro to form the branch of 57 miles given
Lawrcnce.-Owns from Lawrence Junction, Pa., to Youngstown, O., i above. The partnership agreement was dissolved Nov. 30, 1868, and a
18 miles; branch from Canfield Junction toCoal Fields. O., 4 miles; total ! contract made by which the Col. A Xenia road, including its interest in
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869, the above-named branches, was leased to the Little Miami for 99 years.
On December 1, 1969. the Little. Miami, with all its branches, Ac.
to Pittsburg Fort Wayne A Chicago RR. at 40 per cent on gross earnings,
with $45,000 per year guaranteed as a minimum. Lease has boon trans¬ was leased to the Pittsburg Cincinnati & St. Louis Railroad Com
The Pennsylvania Railroad
ferred to Pennsylvania Co.. Iwnhich the road is now operated. Gross pan.v for 99 years, renewable forever.
earnings in 1882, $226,910; net, $107,191; rental, $90,764; itross in Company is a party to the contract and guarantees its faithful execution.
1883, $257,109; net. $135,391; rental and int., $102,843. (V. 36, p. 252.) Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
Leliigli Sc Hudson River.—This road was opened from Grey- annum for Little Miami Company’s expenses of organization ; the fulfil¬
courit, on Erie road, to Belvidere, N. J., 63 miles. August . 1882.
Con¬ ment of the lessor’s lease obligation is also stipulated. In 1883 the
solidation April, 1882. of the Lehigh A Hudson River and the Warwick gross oarninga were $1,753,824 ; net, $283,452; lease rental, Ac., of
Valley roads. In addition to above there are $65,000 Wayawanda 6 per lessee, $689,232; loss to lessee, $405,780, against $266,015 in 1892.
cent bonds due 1900.
Stock, $1,340,000. In 1881-82 gross earnings,
Little Rock Sc Fort Smith.—Owns from Little Rock, Ark., to
In 1832-33 gross earnings $163,730. net, Fort Smith, 165 miles; branches, 3 miles; total, 169. In Dec., 1874,
$83,691; net, $28,444.
$07,331. Grinnell Burt, President, Warwick, N. Y.
the property (then 100 miles), including the land grant, was sold in
Leliigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Ban¬ foreclosure. This company afterwards built 65 miles, and opened the
gor, Pa., 32 miles.
This road was opened in 1867. It is leased road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
were funded into? per cent notes.
In June, 1983. it was proposed to
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d fund into 10 year scrip the coupons falling due July, 1883, and Jan¬
mort.
Capital stock, $375,100. Gross earnings in 1883, $63,839 ; net, uary, 1884. and pay off floating debt, on account of the suits pending
in the U. S. Supreme C mrt against this and ot hers roads by the holders
$19,315. Gross earnings in 1882, $53,839; net. $9,981.
of Ark. State bonds.
Payment of coupons in cash resumed July, 1834.
Lehigh Valley.—Owns from Phillipsburg iPa. Lire), N. J., to
The lands unsold .Tan 1, 1984. amounted to 6 43,487 acres and land
Wilkesbarre, Pa.. 104 miles; branches—Penn Haven to Audenried,
notes, $532,835; in 1993, 40,676 acres were sold for $143,698; in 1892
18 miles; Hazle Creek Bridge to Tomhicken (and branches). 32 miles;
49.431 acres sold for $167,587. For the first six months of 188 4. gross
Lumber Yard to Milnesville (and branches), 18 miles; Black' Creek June-,
earnings wen $23>,9 45, against $2 42,937 in ls8h net, $73,394,
tibn to Mf. Carmel (and branches). 61 miles; Slatedale branch, 3 miles ;
$73,713. fn the year 1883 the gross earnings were $573,490 ;
Bear Crook Junction to Bear Creek, 11 miles; Lackawanna Junction to against
net, $239.290; interest on bonds, taxes. Ac.. $220,414; balance, sur¬
Wilkesbarre, 10 miles: also owns the Easton A Amboy RR., Amboy,
plus, $17.876. In 1832 gross earnings were $539,133: net, $237,193.
N. J., to Pennsylvania Line. 60 miles ; total operated. 323 miles.
J. II. C inverse. President, Boston. (V. 37, p. 375, 399, 424, 563; V.
This is one of the most important of the coal roads, and was able to j
39. p. 30, 509; V. 3 », p. 1-1.)
maintain moderate dividends in the years of depression when the. other j
Little Rook Mississippi River Sc Texas.—Owns from Little
companies suspended. Dividends on the ordinary stock have been as j
In 1871, 1872. 1873. 1874 and 1875.10 per cent j Rock to Arkansas City, 113 miles; iripps to Warren. 53 miles ; Rob
follows since 1870:
j>aid; in 1876. 9; in 1877, 5‘e : in 1878, 1879 and 1830. 4: in lRsl, 5L2; kov Juu<‘tion to Micawb.**r. 4 miles; total, 170 miles. This com¬
in 1882, 6Rz; in 1883. 8 per cent.
Prices of the common stock in Phila¬ pany was a reorganization of the Little Rock Pine BIutF A New Orleans
delphia since 1 s77 were as follows : In 1878. 32:i4'#4214 ; in 1879. 33 4 Railroad and the Mississippi Ouachita A R**d River Railroad. Both
those companies received laud grants and State aid bonds, and this com¬
vz>55 ; in 1.830, 4fl5>5734: iu 1881, 57i2« 0414: in 1882. 58J4 d 6734; in
pany is involved with others as defendant in the suits by Arkansas State
1883, 63^ 734; in 1884 to Oct. 17. OOHjtf717b
bondholders. The, coupons due Jan. 1, 1 -93, were, not paid, and scrip
New stock was allotted at oar. in the proportion of one now share
was offered to bondholders for two years' interest to be funded, in order
to holders of five old shares, and the privilege expired Fell. 1.5, lis4.
The stock was to be paid for in instalments during 138 4. but the total to enable the. company to pay off a floating debt contracted in building
stock as increased is given above. The ?.mount of $5,520,600 thus j 20 miles of new road built in 1981, and which thedi rectors paid for with
raised was for construe!ion anil improvements, and also to re-imbursc tliefer personal notes. .As collateral they took $400,000 in bonds. The
to $130,000 a year. The
the, company for the retirement of $l.300.<*00 sterling bonds paid off.
| interest on the lirst, mort^ave. bonds amounted
In 1992 gross earnings from
The fiscal year ends November 30. Tiie last annual report- was in ; net rceeipts in 1982 weiv $KW.<»0‘>.
the Chronicle. V. 33, p. 201.
It is one of the peculiarities of tin*, train *. $321,862; ue.t, $99.60L. No returns made for 1883. The stock
Elisha Atkins, President, Boston. Mass. (V. 36, p. 108,
company’s annual report that-no general balance sheet is given. The is $3,59 4.600.
earnings, expenses and income account for the. fiscal years ending Nov. 139.)
30, were as follows :
Little Schuylkill.—Owns from Port Clinton to Tamanend, 28
1892-93.
1881-82.
1880-81.
Earnings—
miles: branches, 3mites; total operated, 31 miles.
The East Mafia$7,401,796
$6,679,590 $7.158,74 4
Coal freight
noy RR., was leased .Tan. 12,1 863. for 99 years, and sub-leased to Phila.
1,985,405
2,269,021
2,126,397
Other freight
t»30,9 49 A,Reading July 7, isos. The Little. Se.huykill Railroad is leased to the
732,30 4
618,871
Passenger, mail, express, Ac
Philadelphia A Reading Railroad for 93 years from July 7, 1868, at a
1880.

1881.

$

$

Liabilities—
Stock

1882.

1883.

8

•

fixed animal

Total gross

p.firpirms

Operating expenses
Net

earnings

4,643,094

5.833,677

6,175,656

$4,775,774

$1,326,392

$4,042,494

INCOME ACCOUNT.

rental.

Island.—Owns from Long Island City, N. Y., to GreenY.. 95 miles; branches, 87 miles; total owned, 182 miles.
Leased—Smith tow u A Iff. Jefferson RR,, 19-0 miles; Stewart RR. toBethpage, 14-5; Stewart UR. to Hempstead. 1*8; New York A Rockaway
RR., 8*9; Brooklyn A Jamaica RR , 9*6: Newtown A Flushing RR.,
Long
port, N.

Bay
Point A 8o.
Flushing RR.,
1,032.022
the roads
5.13
4,516
5,405,635
5.744,0 42
receiver October,
Total income?.
$
$
$
second raortDish
men ts—
031
675
268 31 3
2,019,734
tra<r«* bonds were issued to take up boating debt of various classes.
The control of the company was sold to the “ Long Island Company,”
General, taxes, floating interest,
4*21,920 controlled by Mr, Austin Corbin and others, in Dec,, 1880. Iu July
375,490
772.682
loss
Morris Canal, Ac.
2,210,378 1881, the* stock was increased from $3,260,700 to $10,000,000, but tue
2.350,516
1,522,954
Dividends*
55 4,349
347,9 44 terms of increase and price realized on the additional stock have never
1,070,056
Charged for aceum. depreciations
been made public.
In Aucust, 1-91, most of the holders of Smith5,011,917 town A Port Jefferson bonds and N. Y. A Rockaway bonds agreed to
5,300,039
5,634,008
Total disbursements
122.599 exchange their bonds for the consolidated mortgage, bearing 5 per cent.
105,546
110,034
Balance, surplus
No annual reports have been issued ami the only information obtained
"In 1881, 10 on preferred and5L2 on common; in 1832, 10 on pre¬
is from the statistics furnished the State Authorities. The road has been
ferred and 6Lj on common; iu 1883, 10 on preferred and 8 on common
much improved in its operating department under the newinauagemeat
—(V. 36, p. 80, 138, 169; V. 38, p. 60, 87, 201, 203; V. 39, p. 370 )
1880-91.

Receipts—
Net earnings
Other receipts and interest




u rse

on

$
4,775,774
968,268

o

1881-32.
$

4,326,392
1.079,243

1882-33.

$
4.042.494

o

3*9; Brooklyn

A

‘Montauk, 67; Manhattan Beach RR., 10*7; N. Y.

Ridge A Jam., 8*1 ; L L City A Man. Beach, 1*4 : Hunter’s
Side RIP, 1*5; Far Roekaway branc h, 9* 4; L. L City A
Total leased and operated, 174 miles. The total of all
7*8.
owned and operated is 35 4 miles.
The Long Island Railroad went into the hands of a
1877. but in 1881 the company resumed possession. The

48

RAILROAD

Subscribers will confer

a

headings, &c.,
of tables.

Miles
of

see notes

Date
of

156
164

1878

10
19

1871
1871
1881
1881
1880
1881
1880
1882
1881

New York <fc Kockaway, guar. int. only
Bmlthtown Sc Port Jefferson mortg., guar
coup, or

103*

reg.

Income bonds (cumulative) ($350,000)
10^
Los Angelos A San Diego— 1st M. (for $2,800,000)..
27
Louisiana Western—1st mortgage, gold
112
Louisville Evansville A St. Louis.—1st mort
255
2d mortgage, gold
255
Income bonds
255
Louisville A Nashville- Stock
2,065
General mort., gold, coup, or reg. ($20,000,000).
802
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
38
do
110
extension, Louisville loan
$1,500,000 Lebanon-Knoxville extension mort..
172
Ceciliau Branch, 1st mortgage
46
Consolidated 1st mortgage
392
•

•

•

1881

or
Par

as

follows

500
500

1,000
1,000
1,000
1,000

1,000
1,000
1,000
1,000

3,200,000

10,000,000
5,000,000
5,000,000
1,000,000
2,000,000

1.000

1880

1,000

Payable, and by
Whom.

Stocks—Last
Dividend.

O.
S.
N.
1
J.
J.

Y., Corbin Bank’g Co Aug. 1, 1918
do
do
July 1, 1931
do
do
April, 1901
do
do
Sept., 1901
N.Y., Corbin Bank’g Co. May 1, 1911
do
do
May 1, 1931
N. Y., Central Pacific.
July 1, 1910
N. Y., Central Trust Co.
July 1, 1921

O, New York and Boston.
S.

do

do

1920
1902
1920

F. & A. L. & N. RR., 52 Wall St. Feb.
1, 1882
J. Sc D. N. Y., Drexel, M. Sc Co. June I, 1930
A. & O.
New York Agency.
1886 & 1887
Various N. Y., Drexel, M. Sc Co.
1885-86
A. & O.
do
do
Oct. 15, 1898
M.Sc S.
New York, Agency.
March 1, 1931
M. & S. N. Y., Drexel, M. & Co.
Mar. 1, 1907
A. & O.
do
do
April, 1898
J. & D. London, Baring Bros.
June 1, 1901
F. & A.
do
do
Aug., 1902
J. & D. N. Y., Drexel, M. Sc Co. Dec. 1, 1919
Q.—Mar N. Y., Drexel, M. Sc Co. Mar. 1, 1922
M. & N.
New York. Agency.
Nov. 1, 1924
J. & J. N. Y , Drexel, M. & Co. Jau. 1, 1930
J. & J.
New York Agency.
Jau. 1, 1930
A. & 0. N. Y., Drexei, M. Sc Co.
April 1, 1910

g.

g.
g.
g.
g.
g-

46 miles, and controls, by ownership of a majority of the stock, the
Nashville Chattanooga & St. Louis RR., 554 miles; the Owensboro <fc

Nashville, 84 miles; the Pensacola & Atlantic, 161 miles; and the Nash¬

ville & Florence RR., 56 miles (of which 20 miles were under construc¬

tion); also,
in the

as joint lessee with the Central of Georgia, is interested
Georgia Railroad and its auxiliaries, 679 miles.

:

1,946,668
1,756,372

2,417.057
1,576,774

Net earnings
445,993
Lease rentals
165.399
Interest and sinking fund.. 228,121
Capital stock
3,260,700
Funded debt
2,713,672

190,296
92,500

840.283

352

$

1882-83.
354

9,024,370
416,153
$
1,695,177
718,743

271,169
2,685,089
1,683,814

1,001,275
282.466
292,841
200,757
209,059
9,960,700 10,000,000 10,000.000
2,691,203 4,169,926 5,394,019
1,651,975 1,494,015 *2.063,017

192,748

Total liabilities

7,098,166 14,303,878 16,120,719 17,457.036
This item consists of unfunded debt $256,490; profit and loss, $556,527, and contingent liabilities (offset by items on other side of account),
*

$1,250,000.

also Atlantic Avenue Improvement certificates,

$53,730, at
equipment certificates, $120,000,7s ; real estate mortgage,
$221,000,5s; time loans. $200,000, at 6 per cent,
-(V. 37, p. 479, 665 ; V. 38, p. 261, 295, 455, 763; V. 39, p. 208, 235.)
Long Island City Sc Flushing.—Road from Long Island City to
Flushing, 11 miles; branches, 5 miles; total, 16 miles. This is a reorgan¬

ization of the Flushing <fc North Side road, foreclosed December
11,
1880. The stock is $500,000; par. $100.
The income bonds are payable at will. The company is liable for $25,000 of New York &
Flusniug
bonds, due 1920. Leased to Long Island RR. for 50 years, the lessee
taking 60 per cent of gross earnings and $17,500 for fixed charges. In
1881-82 gross earnings were $211,914, of which 40 per cent to this
company wa6 $84,765. In 1882-83 rental was $76,686. Alfred Sully,
President, New York City. (V. 36, p. 55.)
IiOB Angelos Sc San Diego.—Florence to Santa
Anna, Cal., 27
miles.
Leased to Cent. Pae., and in 1883 the net earnings
paid as rental
and other income was $36,525. Capital stock,

$570,800.' Clias. Crocker,

Louisiana Western.—Owns from Vermillionville. La., to Sabine
River. 105 miles, leases extension in Texas, 7 miles; total, 112 miles,
and operated by the Texas Sc New Orleans Railroad under the same
control as the Southern Pacific and Galveston
Harrisburg & San Antonio
lines, making pait of the through line between New Orleans & Houston.

Earnings in 1883, $602,120; net, $249,936; interest on bonds, $134,
400; surplus. $115,536. In 1882 gross, $108,566; net, $165,902
StocK is $3,360,000.
(V. 38, p. 196 ; V. 39, p. 324.)

Louisville Evansville Sc St. Louis.—Line of road, New
Albany,
Ind.,to Mt. Vernon, Ills., 182 miles; branches to Jasper <fe Gentryville, 73
miies; total, 255 miles; opened for through business Oct., 1882. The
road is the reorganized Louisville New
Albany & St. Louis, foreclosed
made with the Evansv. Rock-

port & Eastern, with a total capital of $6,000,000. The first mortgage,
as above given, includes $900,000 of E. R. & E. 1st
mortgage bonds,
interest January and July, on which bonds interest was mt funded.
There are also $571,475 Car Trust certificates.
In March, 1883,
the 1st and 2d mortgage bondholders were
requested to fund four
coupons, viz.: from April 1, 1883, to Mar. 1, 1885.
In 1883 gross earn¬
ings were $632,928; net, $91,491; rentals, $27,736; interest, $16,251;
surplus, $47,502. Jonas H. French, President, Boston, Mass. (V. 37,
p. 99; V. 38, p. 738; V. 39, p. 348, 409.)
Louisville Sc
Nashville.—(See Map.)—Line of Road.—Main
line—Louisville to Nashville, 185 miles; branches—Junction to Bardstown, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jellico, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile,
141;
branch to Pontchartraiu. 5; Paris,
Tenu., to Memphis, 259; East St.
Louis, Ill., to Evansville, Ind., 161; June., III., to Shawueetown, Ill.,
41;
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction,
Fla., 44; branch to Muscogee dock, 1; Louisville, Ky.', to Newport. Ky.,
110; Junction to Lexington, 67; Louisville H. Cr. & W’port. (n. g.), 11;
Belma to Pineapple, Ala., 39; Henderson to
Nashville, 135; Junction
to Providence, 16; Pensacola extension,
29; total owned, 1.617 miles;
leased and controlled—Junction to
Glasgow, Ky., 10; Nashville to
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6;
Junction to Shelby ville, 19; Louisville
Transfer, 4; No. Div. Cnmb. <fc
Ohio, 27; Lebanon to Greensburg, 30; 8elma to Montgomery, 50;
total leased and controlled, 448 miles; total
operated June 30, 1884,
2,065 miles. Also owns the Richmond Branch (leased to Kentucky
Central), 34 miles, and the Ceciliau Branch (leased to Ches. O. & So. W.),




1,000,000
7,070,000
3,500,000
2,099,080

1,000
1,000
1,000
1,000

1,811,849
1,365,856

was

Pledged.

£200
£200

....

Bonds—Princi

pal.When Due.

April.

6
6
7
7
7
6
6
6
6
6
6
6

Gross earnings
Expenses and taxes

in 1878. In Oct., 1881, a consolidation

g.
g.
g.

6 & 7

1,000
1,000
1,000

A. &
M. &
M. Sc
Jan.
J. &
J. &
A. &
M. &

6

333.000

141,776

Pres., San Francisco.

Q.-J.

7
7

6
6
6
6
7
4
3
6
6

Where

F. Sc A. N.

236,000

1,608,771
634,698
173,588

are

7

5

1,000

8,878,453
386,260

There

$268,789
3,230,000
250,000
600,000
600,000
312,000
556,000
2,240,000
3,900,000
1,000,000
3,000,000
30,000,000
12,361,000

1,000

6,512,270

567,055

Payable

850.000

Passengers carried, No
6,228,292
Freight (tons) moved
320,837
Earnings and Expenses—
$
Passenger earnings
1,162,404
Freight earnings
531,367
Miscellaneous earnings
118,178

1,237,837

Cent.

....

1881-82.

339,252
$

When

....

1880-81
328

7 per cent;

[Vol XXXIX.

Rate per

1856
1863
1881
1877
1868
1871
1872
1879
1882
1884
1880

1879-80.
320

Contingent liabilities, Ac.. 1,123,794

Outstanding

$100&c.
1,000

and the rise in net earnings from $190,296 in 1880-81 to
$1,001,275
In 1882-83, as also the relations with the Brooklyn & Montauk Co
,
and
other details concerning the progress and status of the JL<. I. RR. Co.
could be well shown in a pamphlet report by the company.
The figures for 1882-83 from the returns to the New York State
authorities were published in Chronicle, V. 37, p. 665, and
gave gross

earnings, &c., and comparative statistics

Amount.

100
1880

•

130
Memphis Sc Ohio, 1st mort., sterling, guar
Memphis & Clarksville br.. 1st mort., sterling
83
Mort. on Ev. Hen. & N., gold
135
3d mort., collateral trust, gold, sink, fund
1,079
10-40 Adjustment mortg., gold
783
1st mortgage on New Orleans & Mobile RR
141
2d mortgage
do
do
141
Bonds sec’d by pledge of 2d mort. S.& N.Ala.RR..
189

Miles operated

BONDS.

INTEREST OR DIVIDENDS.

Size,

Road. Bonds Value.

Long Island— (Continued)—
2d mort. for floating debt
Consol, mortgage, gold (for $5,000,000)

Long Island Oily A Flushing—1st M.,

AND

great favor by giving immediate notice of any error discovered in tiiese Tables.

DESCRIPTION.
For explanation of column
on first page

STOCKS

Organization, Leases, &c.—The Louisville Sc Nashville was chartered
March 2. 1850, and opened betweeu Louisville and N;ishville
November,
1859. The Memphis branch, completed in I860, was operated in con¬
nection with the Memphis & Ohio and Memphis Clarksville & Louisville
roads, which

were purchased by the L. & N.
The other roads embraced
system have been purchased outright or are controlled absolutely
by ownership of a majority of the stock, except those under leases, as
above described. The liabilities for interest are treated
mostly as
belonging directly to the Louisville Sc Nashville Company. The South¬
east. & St. Louis RR., which was reorganized after foreclosure of the
St. Louis Sc Southeastern, Nov. 16, 1880, is leased to the Louisville &
Nashville for 49 years, and the L. Sc N. issues its bonds as above,
secured on the road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of 8. E. Sc St. L. stock. The fiscal
year ends
June 30. Annual election is held early in October.

in the

Stock

and

capital stock

Bonds.—At the close of the fiscal year

was $9,059,361, and in Nov.,
was made, raising the amount

100 per cent
1882, the company

(June 30> 1880 the
1880, the stock dividend of

to $18,133,513. In October,
listed at the Stock Excliauge $3,080,000 stock sold
by the city of Louisville, raising the stockoutstanding to $21,213,513,
and $3,786,487 more was then listed, raising the amount to $25,000,000.
In Oct., 1884, the remaining $’,000,OOo unissued was offered to
a syndicate at 22 hi with the
$5,000,000 bonds at 55, raising the stock to
the full limit of $30,000,000.
(See V. 39, p. 409.»
All the dividends paid since 1870 were as follows: In 1871, 7
per
cent; in 1872, 7 per cent; in 1873, 7 per cent; in 1877, 1^ per cent;
in 1878, 3 per cent; in 1879, 4; in 1880, 8, and 100 per cent in stock;
in

1881, 6; in 1882, 3.

Prices

of

the

■

stock

from
1872
to
date have been:
In
1873,
50®79; in 1874, 53S59; in 1875. 36^S40; m 1876, none; in 1877,
26®41; in 1878, 35®39; in 1879, 35®89L2; in 1880, 77® 174 ; in 1881,
79®110ie; in 1882, 46^® 100%; in 1883,40^8S58 V, in 1884 to Oct. 17,
22^® 5138."
The general mortgage of 1880 is for $20,000,000, of which $9,716,000
is reserved to pay off prior liens, and the mortgage covers 840 miles of
road subject to liens amounting to that sum. The L. & N. LobanonKnoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles from Livingston to State line as a first lien. The Pen. Sc Atlantic
is a separate company and the bonds are not a direct
liability of the
L. & N. Co. The Louisville loan, $850,000, is secured by deposit of U.
8. 4 per cent bonds; of the Evausv. Hen. & N. 6s, $2,400,000, $800,000

reserved.
The third mortgage trust deed of 13S2 is made to E. II. Green aud
John A. Stewart as trustees, and has a sinking fund of 1
are

per cent annu¬

ally to begin in February, 1885, the bonds drawn being redeemable
110. The bonds are secured by pledge of a large amount of stocks
and bonds belonging to the Louisville 6c Nashville Company and
held as collateral security by the trustee of the mortgage.
The
securities pledged were stated in detail in the Supplement ,up to the
number for August, 1884, the par value of bonds being $9,633,000
and stocks $18,529,700; total. $28,162,700.
The 10-40 Adjustment mortgage bonds were issued in 1884 at 55,
at

with blocks of stock at 22L>, and cover 783 miles of main

line and

branches, subject to the prior liens, and are a second lien on the trust
securities pledged under the trust deed of 1882. See V. 39, p. 409.
The Henderson Bridge Co. bonds are not a liability of the L. & N.
Operations, Finances, <fcc.—The Louisville & Nashville sj'steui hav¬
ing been developed in its present extensive form since 1879 has a short
history. The 160 per cent stock dividend declared iu 1880 was made
before the working and result of the newly-acquired roads could be
fully developed. But the whole system of roads has been working well
and gaining iu traffic as shown by the statistics below for several years.
The unfortimate financiering of 1883-84 led to the charge of $1,005,929
against Mr. C. C. Baldwin, the late President, and occasioned the embar¬
rassment with floating debt in 1884.
Gross earnings from July 1 to Aug. 31, two months, iu 1884, were
$2,177,417, against $2,375,903 iu 1853; net, $918,215, against $972,744 iu 1883.
The annual report for 1883-84, was in the Chronicle, Y. 39, p.
380. The c< mparative statistics were as follows for the 2,065 miles

operated

as

the Louisville & Nashville RIt. proper.
1880-81.

Miles owned
Miles leased,
Total

'
&c

operated.

1,438
434

1,872

•

18*81-82.

1882-83.

1883-4.

1,578
450

1,616
449

1,616

2,028

2,065

2,065

449

OPERATIONS AND FISCAL RESULTS.

Operations—
1851-82.
1883-84.
1880-81.
1^82-83.
Passenger mileage.. 82,014,283 111,137,575 129,272,559 171,357,260
2*61 cts.
Ratep. pass. p. mile.
316 cts.
2.71 cts.
2*34 Cts.
Fr’glit (t’ns) mileage 492,933,791 596,639,434 664,139,416 744,964,380
Av ratep. t’np. mile
1*503 cts.
1*349 cts.
1*239 cts.
1*323 cts.




.RAILROAD

October, 1884. J

MAP OF THE

LOUISVILLE & NASHVILLE
RAILROAD
AND CONNECTIONS.
4-Mi

Porta

STOCKS

AND

BONDS.

49

Subscribers will confer a

great favor by

DESCRIPTION.

explanation of column headings,
on first page of tables.

For

Road.

Louisville <& Nashville— [Continued)—
1st M., gold, on Southeast.* St.L.RR.,coup.orreg.

gold

Louisville New Albany <& Chicago—Stock
1st mortgage, gold
Mortgage, gold, on Chic. * Indianapolis
•

2d mortgage, gold
Consol, mort- for $3,000,000 (coup,

Louisville New Orleans d

Div
or reg.), gold

Texas—Stock

1st mortgage

Income bonds (not cumulative)
Lykens Valley—Stock
Mahoning Coal.—1st mortgage, coupon
Maine Central—^took
1st mortgage, consolidated.
Collateral trust bonds for Mt. Desert
Bonds ($1,100,000 loan) A. A. K. RR
Extension bonds, 1870, gold:
Maine Central loan for $1,100,000

Earnings—
Passenger

Freight
Mail, express,
Total gross

Ac*...

earnings

Oper’gex. (excl.tax.)
Net
*

earnings

‘

Includes rent, rent

1881
1881
1880
1881
1881
1881
1867
1877
1881
1882

$1,000
1,000

$3,500,000
3,000,000

1,000

50,000

1,000

1,557,000

1881

1,000

1880
1881
1883

1,000

2,000,000
5,000,000
3,000,000

i

Branch

1,000
1,000
1,000

1,000

1881
1884

1,000
1,000

1872

1,000

100

20

10D
100 &c.

Net

inc’me.all so’ces

Disburse me nts—
Rentals
Taxes
Interest on debt
Divid’s on L. A N., N.
AD. andM. AM...

1868

36
30
71

1871
1866
1865

100 Ac.
100 Ac.
100 Ac. 1

1880-81.
$

1881-82.

<$

1882-83.
$

1883-81.
•$

2,599,353
7,407,403
901,894

3,007,465
8,050,339
929,941

3,379.178
8,786,574
1,060,163

4.013,395

10,911,650
6,713,140

11,987,745
7,429,370

13,234,915

8,099.595

14,351.093
8,823,782

4,198,510

4,558.375

5,135,320

5.527.311

i

•

1,104.027

Total disbursements

Balanoe, surplus

$
4,824.816

5,270,091

52,000
215,384

62,000
309,238

67,000
339,409

2,912,327

3,705,823

4,053,224

4,207,223

110,053

1,221,692

654,353

6,345

5,854

6,182

11,407,748
256,840

*4,847,268

§>4,575,868

114,716,145

135,008

722,699

1,116,337

110,000

1881-82.
$

1882-83.
$

52,023,723

61,5 63.923

67,385.426

822,745

763,638

9.495,867
3,598,090

1.0I0.T9S
1.164,338
9.527,878
1,655,750

Materials, fuel, Ac..
Cash on hand
So. A No. Ala. IIR...
Nash. A I)cc. RR....
Other roads
Car trust funds
Lou. A Knox.Exton.
C. C. Baldwin nce’tj.
Miscellaneous
Total assets
Liabilities—
Stock
B'nds (seeSup’MENT)
Louisville bonds
Debentures

.Bills

payable.,

Interest

Dividends
Pensa. A At. RR
Mort. on building...
Miscellaneous
All other dues A ae’t-s
Income account
Profit and loss

1,713,053
1,257,973
1,191,870

688,024
16.904.853

4,050,673
27.878
1.922,*03
762.273

9.

833,112

242,929

297,316

1.454,904
573,044

1.565.068

921,690

1,172,928

50,000

50,000

1,005.929
50,000

71,340,274

82,461,122

94,222,501

99,324,187

18,130.913
46.951,840

18,133,513
58,087,778

30,000.000

,90.000.000

57.903,230
850.000
567,400

850,000

504.121
676,159

599,478

169,639
1,114.041
T

850,000
643,600
1.261,723
343,6 14
543,900

r

850.000
605.000
592.729

57,530,712
529,800

3,599,266

526,558]

475,759
34,933

445,359
36,091

430,716
1,205,707

...

Total liabilities..

1883-81.
$
67,7 70,064

715,773
H .565.8V2
1.94",623
9.527,878
2.011,330

1,419,279
*1,238,517
1,276,041

579.836
329,348
317,769

30,000

33,947
931,515

36,877

1,714,301

1,130,936

485,222
1.123,970

777,501

2,702,984

2,067,565

71,340.274

82,464,122

94,222,561

96,324,187

Including balance due for trust bonds,
t Includes $5,000,000 L. & N. stock unissued.
1 An open account, the company claiming that

-

1,236.152

0 g.
rr

496,500
756,800
1.000,000

i

6
6
6
6

633.000
425,000

1.166,700

"

A.
J.
J.
I.

do
do
do
do
do
do

A 0.
A J.
A «T.

A J.

Q-J.

A. A O.

annual returns for 1883 were

Oct.,

do
do
do
do
do
do

furnished the Chronicle and

published in

follows:

1S82.

'

earnings
operating expenses and taxes

Total gross

earnings

INCOME ACCOUNT.

1900

July, 1898
Jan. 1, 1894
July, 1891
July. 1891
April 1, 1895

Earnings, expenses and income were as

$

1883.
$

1,382,974
1,009,537

1,627,883
1,237,848

373,437

395.035
1883.

1832.

$

$
373,437

390,035
105,696

495,731

373,437

$

$
93.035
31S.0C0

Total disbursements

Balance, deficit.
James
618 ; V.

Rosevelt, President, New
39, p. 296.)

25,000

106,245
393,620
9,322

441,035

509,687

67,598

13.956

liOnisville

New

Mr. Baldwin is indebted

In Aug., 1881, consolidated with Chicago * Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31. In 1880 the company sold the $3,000,000 of first

mort-

fage
bonds tobonds
20 cents
on the The
dollar.
1883 the
d mortgage
the stockholders
were issued,at
payable
in 18S8.
newInmortgage

1884, and $1,009,000 i>
year ends Dee. 31.

York. (V. 37, p. 150: V. 38, p. 595,

Orleans & Texns-(&c map)— Line

of road

Memphis, Term., to New Orleans, La., 455 miles. Tins road was built in
the interest of tlie Huntington system of roads, and forms the connect¬
ing link in that system across the Continent from Norfolk to San Fran¬
cisco

The present company was

organized Sept. 5. 1884.

The rood was

opened for through business Ocf. 13, 1884. The incomeH-ond* area first
mortgage on 75o,000 acres of land in the Yazoo Delta. The company
owns a controlling interest in the Mississispi A Tennessee Rai road.
Mr.
R. T. Wilson, President, New York.
(V. 39, p. 234, 311,316.)
Lykens Valley.—Owns

from Millersburg, Pa., to Williamstown,
miles, rt is a

Pa., 20 miles; branch, 1 mile;’ total operated, 21
coal road leased and operated by the Northern Central
July, 1880, and previously by the Summit Branch RR.

Railroad since
The lease is for

from March 1, 1866, and the rental is $62,500 per annum.
Coal.—Owns from Andover, Ohio, ro Youngstown,
Ohio. 38 miles; branches to coal mijies, 5 miles; total operated, 43
miles.
It was opened May 1, 1873, and leased for 25 years from t hat
date to L. Sh. * Mich. So. lilt., at 40 per cent of gross earnings. Capital
stock is $1,373,000. The L. 8. * M. S. Co. holds $399,000 of the bonds
purchased under the agreement-of lease. Net earnings (40 per cent of
gross) in 1881. $88,583; in 1882, $95,189.
Maine Central.—Mileage as follows: Mainline, Portland to Ban
gor, Me., 137 miles; branches, Cumberland Junction to Waterville, 73
miles; Crowley’s Junction to Lewiston, 5 miles; Bath to Farmington.
74 miles: Waterville to Skowliegan, 18 miles; total owned, 307 miles.
Leased, Belfast to Burnham, Me., 34 miles; Newport, Me...to Dexter,
Me., 14 miles; Bangor. Me., to Vanecboro. 114 ; Eastern Maine RR.,
18 miles; total leased, 180 miles.
Total operated. 4s3 miles. On
Oct. 1, 1882, began to operate the European* North American road,
(114 miles), under lease, at a rental of $125,000 per year.
This was a consolidation in 1862 ot the "Androscoggin * Kennebec
Railroad and the Penobscot * Kennebec. In August, 1873, the Port¬
land * Kennebec, Somerset * Kennebec and Leeds * Farmington rail¬
roads were also consolidated with the Maine Central.
The annual report was published in V. 37, p. 693.
The ending of
999 years

Mahoning

the fiscal year

was changed in 1881 from Dec. 31 to Sept. 30.
following:
FISCAL

Earnings—

Freight

L

Ac..

Mail. express,
Total gross

Net

RESULTS.
4*80-81.

$2,077,094
1,359,373

$2,835,494

$717,721

$995,787

1S80-81.

1881-82.

1882-83.

$647,722
8,656

$717,721
5,368

$995,787
29,121

$723,089

$1,024,908

1.003,854
100,392

1,229,357
$617,722

earnings

INCOME ACCOUNT

Receipts—
Net earnings
Other recruits

Total income
Disbursements—
Rentals paid
Interest on bonds
Dividends

1,839,707

$54,000

$182,958

570,466

569,542
71,822

64 1,146

197,522

$624,466
$31,912

$695,364
$27,725

$1,024,626
$282

$54,000

Total disbursements..
Balance

1882-83.

$1,147,207
1,511,961
146,326

$1,877,079

earnings..

including taxes

1881-82.

—(V\ 37.p. 234,534, 693; V. 38, p.434.)
Manchester A
Methuen (State
Boston * Maine

The

$895,989
1,067,716
113,389

$772,833

Pa ssenger

Op. expenses,

373, 424. 667; V. 38, p. 99, 114, 285, 398, 509, 571,
678,706,731 ; V. 39, p. 3, 22, 47. 65, 96, 128, 157; V. 39, p. 181. 234,
264, 276, 296, 349, 361, 380, 381,409. 463.;
Louisville New Albany A: Chicago.—Operates from New Albanv.
Inch (opposite Louisville, Ky.), to Michigan City, Iud.,288 miles; Indian¬
apolis to Hammond, 1 ml., 163 miles; leased—Hammond to Chicago, 20
miles; total operated 471 miles. A lease for 999 years with Chicago*
Western Indiana at $127,000 per year gives entrance to Chicago.
The Louisville New Albany * Chicago was opened in 1852 and sold
in foreclosure Dec. 27, 1872. and reorganized without any bonded debt.




5
6

New York, Office.
do
do
New York. Treasurer.

*

*

bonds for $3.000 000 were : authorized in
reserved to pay off the 2d mortgage. Fiscal

7
2
5 A 7

report had the

40.000

to it in this sum.
—(V.37, p. 99, 287,

2^2

Sept. 1, 1934
Sept. 1, 1934
Oct. 2, 1884
Q.-J.
J. A J. N.Yorlc, Union Trust Co. Jan. 1, 1902
Feb. 15, 1884
F. A A.
A. A O. iBostou, 2d Nat. Bank. April 1. 1912
June 1,1923
J A D.
M’ntlily Boston. 2d Nat. Bank. 1890 to 1891
M. A S.

August.

309,450

$240,869 of this is to be refunded to the L. & N. Co., and is included
surplus of $250,840. J $157,459 to be refunded, included in sur¬
plus. § $28,400 to be refunded, included in surplus. |] $32,338 to be
refunded, included in surplus.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

Timber A quar. lands
Stocks owned
Bonds owned
StksAbrts. held in t Ft
Bills A acctrt. rcceiv.

600,000
1,486,000
3,603,300
4.122.600

6 a*.
6 g.

July 1, 1910
Aug. 1, 1911
Feb. i, 1888
April 1, 1914

J. A ,T. N.Y.. Nat. Bk. Commerce
do
do
F. A A.
do
do
F. A A.
do
do
A. A 0

Total income..
Disbursements—
5,800,144 "Rentals paid
Interest ou debt...
67,000 Miscellaneous

1

Road,equipment, Ac.

.

$

$-

113,090
11,000
8,377

$

-

1833-84

1882-83.

’1881-82.

$
4.423,719

1880-81.

S. N.Y., Drexel, M. A Co. March 1, 1921
do
do
i March 1, 1980
S.
Mar. 1, 1920
do
do
S.
New York Agency.
May 1, 1931
N.
Mar. 1, 1931
do
do
S.
Aug., 1921
A. N. Y., Hanover Nat Bk.
Jan., 1897
J. N. Y.. Drexel. M. A Co.
1907
do
do
0.
Nov. 1, 1931
New York Agency
N.
1884-89
0.
Philadelphia.
1884-88
Sept- 1, 1931
New York.
M. A S.

A
A
A
A
A
A
J. A
A. A
M. A
A. A

Receipts—
earnings
Other receipts

in the

Assets—

Whom.

Net

1880-81.

Stocks—Last
Dividend.

Payable, and by

..........

6

Nsl

1'rinoi

pal,When Due

....

<> S6 g.

w

619,

Bonds

......

9,100,000

V. 38, p.

Tables.
(

M.
M.
M.
M.
M.
F.

-

6 g.

2,300.000
855,000
2,0 >0,000
4,5 >0,00 >]
13,650,0i >0

.

Where

When

Payable

9.233,671

of cars and engines, Ac.

Georgia RR. deficit..
Miscellaneous

6 g.
6

700,000
100 Ac.
500 Ac.
100 Ac.

INCOME ACCOUNT.

Receipts—

r*
i

1.100.000

1860-1
1870

g.
g.
g.
g.

82,63 J

55
18
109

consolidated mortgage

6
3
6
6
6
6
7

2.850,000
892,000

100 Ac.

1872
1883

Rate per
Cent.

2,000.000

1,000

1,000
1,000

21
43
482
304

INTEREST OR DIVIDENDS.

600,000
Pledged.
Pledged.

1,000

1884

455
455

of any error discovered in tbese

Amount

100

471
288
158
446
451

European * North American (Bangor loan)
Leeds A Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Portland * Kennebec,

Outstanding

208
45
180
101
185
175
175
175

gold, on Southeast. & St. Louis RR., cp.
Pensacola Div., 1st mort., gold
Mobile & Montg. Div., 1st M., ($2,677,000)
Pensacola & Selma Div., IstM., gold ($1,248,000)
Pensacola & Atl., mort., guar., $1,000,000 pldgd.
Louiev. Cin. & Lex., 1st mort
do
2d mort., coup., for $1,000,000
L. AN. mort. on L.C.AL., gold, $3,208,000 pldgd.
Car trust liens
Car liens, Louisv. Cin. A Lex
Bridge Co., 1st mort..

Size, or
Date
Par
of
Bonds Value.

208

2d mort.,

Henderson

giving Immediate notice

Miles
of

Ac., see notes

[Vol. XXXIX.

STOCKS AND BONDS

KAILROAD

so

Lawrence.—Owns from Manchester, N. H.,

Line), 22*4 miles; leased, Mothuen
Railroad. 3% miles; total operated, 26

The operation since 1849.

to

Branch of the
miles. Road in

Formerly operated with the Concord

RR.

'I,

CITY

T4

Frank Hu/>^N';

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MAP OF THE
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,AND

RAILROAD

52

STOCKS

Subscribers will confer a great favor by giving
DESCRIPTION.

For explanation of column headings, Ac., see notes
on

first page

of tables.

....

....

1879

....

4

....

32

....

1878
1879
1876

14
....

18
135
135
50
90

N. Y. Elevated, 1st M.(payable, at 105 after 1896)
Marquette H. dE 0.—Common stock

Preferred stock
1st mort., M.A O.. coup

M. H. A O. mortgage.
Ronfis fnr FYtonsimi,

Arc
Memphis <t Charleston—Stock
1st mortgage, Ala. A Miss. Div. (extend, in 1880).

....

....

1872
1878
1883

328
181
272

mnrtp’fltre

292

Consol.mort., gold (1st lien on 91 m. in Tenn.)

Outstanding

1854
1868
1877
1877
1877
1877
1881

500 Ac.
100
500 Ac.
500 &c.
100

.

as

one

line,

'

....

1,000
1,000
25

5,312,725

1,000

....

...

....

.

:i

division

of

joint

earnings. Methuen bran civ ifi

leased at a rental of $11,000 per annum. Company lays claim to a twofifths interest in the Manchester A North Weare RR., which is operated
by Concord RR. Ton per cent dividends are paid. The fiscal year ends
March 31.
Gross earnings in 1883-84, $183,086; net, $100,667. !n

1882, gross, $180,498; net, $100,255.

(V. 36, p. 560, 650,

>

Manhattan Beach Co.—A consolidation under the above title
was made in February, 1880, of the New York A Manhattan Reach

Railway, the Manhattan Beach Improvement Company and the Marine

Railway Company. The stock of the new company, amounting to
$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
(except tlie New York A Manhattan Beach Railway preferred stock),
as also $300,000 2d mort. bonds of flic New York A Manhattan Beach
RR. The New York Bay Ridge, A Jamaica Railroad is leased and the
bonds and stock are guaranteed. In December, 1881, a lease of the
New York A Manhattan Beach Railway was made to the Long Island
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500
per year is guaranteed to pay all annual charges. The annual report
for i882-83 was in V. 38, p. 146, showing gross receipts $239,36% and
surplus over expenses and charges, $34,595. In 1881-82 gross earnings
were .$249,455, and surplus over expenses and fixed charges, $23,398.
—(V. 36, p.313; V. 38, p. 146.)
Manhattan Elevated.—Road operated, 32-34 miles. This was a
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
railroads in New York City.
Its capital stock was $13,000,000, and
it was to pay the interest on the bonds of the two elevated roads
and certain dividends. The original lease of May 20, 1879, guaranteed
10 i>er cent per annum on the stocks, but this lease was amended in
October, 1881, by agreements among the three companies, which were
supplemented by an agreement of Nov. 14, 1881, for the surrender of
the stocks of the other companies, and the issue of new stocks by tbe
Manhattan Company, but this was never accepted by the Metropolitan
stockholders, and, after litigat ion, it was decided against the Manhattan.
In June, 1884, a new compromise agreement was made as expressed in
the following memorandum, to be submitted to the respective companies:
First—The Manhattan Elevated Railway to pay the Metropolitan
Elevated Railway Company interest at 6 per cent per annum from
Oct. 1, 1881, to April 1, 1884. less amount already declared and paid.
Second—New stock to be issued by the Manhattan Company, and

apportioned as follows:

Old.

'New.

J.

1^

(>

7
4

Oct.
A J. N. Y., Corbin Bauk’gCo

M. A S. N. Y.. Corbin Bank’gCo
J. A J.
do
do
New York, Ollier.
O.-J.
J. A J. N. Y., Mercantile Tr.Co
M. A N.
do
do
J. A J.
do
do

6
6

]«’. A A.
J. A D. Boston, N. Eng. Tr. Co.
M. A S.
do
do
J. A I).
do
do

7
7
7 g.
7 g.
8

J.
J.
J.
J.
M.

2l2
8

Bonds—Prinei

pal,When due
Stocks—Last
Dividend.

May 1, 1884
Annually.
Jan.

1, 1897

March, 1909

July, 1896
Oct.

1, 1884

July. 1908
Nov. 1, 1899
Jan. 1. 1906
In 1883

Aug. 15,1884
June If 1892
Mar. 1. 1908
June 1, 1923

....

1,264,000

*

7
7

6

1,000,000

....

on

.

Where Payable, and by
Whom.
Payable
When

M. & N. Manchester and Boston.

7

23,087,065
10,818,000
3.000,000
8,500,000
2,798,000
2.259,026
1.427,500
576,200
988,000

....

discovered iu these Tables.

5

3^2
7

200,000

1.000
1,000
100
100
100 Ac.

.

....

500,000

1,000,000

1,400,000

292
1,000
mortgage,, gold
133
l.OOOAe
Memphis d: Little Jik.—1st preference mortgage
250 &c
133
General mort., land grant, (s. f. $10,000 after ’82)
830
1,000
Mexican Central (Mexico.) —1st, M. ($32,000 p. m.).
1,000
Income, conv.. not cumulative, reg. ($6,400 p.m.)
1881
Coupon notes for interest funded
’81--8 2
Mexican National llaUwaij (Mexico).—1st M., gold..
1,000
Mex. Oriental Inter. <C In ter* l-—Stock ($20,000 p.m.)
100
Mich Ufa n Central—St or k
1,468
270
1872
Consolidated mortgage ($2,000,000 are 5s)
1,000
1870
103
1,000
Michigan Air Line mortgage...
*

Consol,

Cent.

250.000

1,000

.....

Rate per

$1,000,000
4,680,000
300,000

,

....

1877

....

Metropolitan Elevated. 1st mortgage
do
2d M. (guar, by Manhat’n).

....

....

14

—

128187-90.

....

any error

[Vol. XXXIX

INTEREST OR DIVIDENDS.
Amount

$100

26
....

RONDS

immediate notice ot

Miles Date Size, or
Par
of
of
Road. Bonds Value.

Manchester dk Lawrence—Stock
Manhattan Beach Co.— Stock
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. A Man. Beach RR., 1st mortgage
do
pref. stock
Man. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bay Ridge & Jam. RR., 1st mort. (guar.)...
Mannattan (Elec)—Consol, stock, ($26,000,000)

AND

864,000
250.000

8
7
3
10
9 #?■

2,600,000
36,575,000
7,781,000

3,840,375
24,330,000

A
A
A
A

J. N.Y.,W. 11. Brown ABros
do
J.
do
do
-do
J.
do
J.
do
A N.

Janu’ry
J. N. Y., Winslow,
do
July 1
J. A J.
do
A. A 0. N.Y. Office 32
J.

A

L. A Co.

Jan.
Jan.
Jan.
Jan.

1. 1915
1, 1885
1, 1916
1, 1916

Way, 1883-8 4
July, 1907
July 1, 1911

do
do
Nassau.

July

Grand Central Depot.
A N. N. Y.. Uniou Trust Co.

Feb.

1, 1911

July 1, 1889
July 1, 1912

(?)

18,738,204
10,000,000
1,900,000

3

7 & 5
.

8

|F. A A.

Im.

tJ. A J.

no

do

1. 1834

May 1,1962
Jan. 1,189o

Memphis Sc Charleston.—Owns from Memphis to Stevenson,
Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5
miles; leased, Stevenson to Chattanooga, 38 miles; total operated, 328
miles. Tills road was leased June 2, 1877, to the East Tennessee Vir¬
ginia A Georgia Railroad for twenty years from July 1, 1877. Of the
consolidated.mortgage, $1,400,000 are secured by the old Tennessee
State iien for $1,736,906. assigned to a trustee, and these are usually
quoted higher than the other cons Jidatedbonds.
I-n Sept., 1883, a majority of the stock was obtained by parties interested
in the East Tennessee Virginia A Georgia RR.
Gross earnings in year
ending June 30, 1884, $1,394,019; net, $435,911; gross in 1882-83,
$1,236,023; net, $390,525; interest on bonds, and floating debr, in
1883-84, $354,699 ; surplus, $81,212. (V. 37, p. 234, 267, 563, 595 ; V.
39, p. 349.)
Memphis Sc Little Roclc.—Owns from Little Rock. Ark., to Mem
pliis. Teun., 135 miles. Default was made Nov., 1872, and the property
sold in foreclosure. The new company also defaulted, and the roaa was
sold and reorganized April 28, 1877. The stock is $1,500,000. The
company iiad a laud grant from Congress of 11,000,000 acres.
In April,
1880, control of this company was purchased by parties in the interest
of the St. Louis & Iron Mountain.
Afterward default was made on
the coupons and bondholders were offered a 6 per cent bond in place
of the 8 per cents, which was declined.
In April, 1884, a receiver was
appointed, and the property is now in hands of trustees of the general

mortgage. About $250,000 is in possession of the Court awaiting result
of the litigation between bondholders and the company. The preference
mortgage bonds were extended and fell due $50,000 on May 1, 1884,
and balanoe May l, 1883. In 1882 gross earnings were $704,961, net
$45,946; gross earnings in 1883, $877,406; net, $244,124. (V. 37, p.
201; V. 38, p. 379, 479, 540; V. 39, p. 157.)
Mexican Central (Mexico).—On March 8, 1884, the main line
from Mexico Cit.\ north, to El Paso del Norte 1,225 miles, was com¬

pleted, and 70 miles of Tampico Division; total, 1,295 miles. Under the
management of Boston capitalists. Whole line when completed will be
(1) the main line, from the City of Mexico to El Paso; (2) from Tampico
westerly through San Luis to the main line; (3) from the main line to
the City of Guadalajara, and thence to Pacific Coast at San Bias.
The company was incorporated Feb. 25,1880, under the general law
of Massachusetts, and by transfer the company holds the charter from
the Mexican Government, granted Deo. 5,1874. for a road from Mexico

City to Leon, and by modification including lines to Paso del Norte.
Guadalajara and Laredo. The company also has other rights granted
by the State of Chihuahua.
The company has a subsidy from
Metropolitan
•
the Mexican Government of $15,200 per mile ou most of the lines,
Total
$26.0> 0.000
$26,000,000 which the Mexican Goverment. issues to the Co. as the road is accepted,
in “ certificates of construction of the Central R’y, to be redeemed with
Third—Dividend at the rate of 6 per cent per annum to he paid on all
6 per cent of all duties produced at the maritime and frontier custom¬
new stock for three months ending June 39. 1884.
houses of the Republic.” The income bonds are convertible into stock
Fourth—The Manhattan Company as consolidated to assume all
liabilities of the three companies, including bonded debt, taxes, litiga¬ at par. The stock is $31,323,000. In Jan., 1884, a temporary loan of
tions and litigation expenses, and to receive all assets of the said three $L,078,000 was made on pledge of bonds and stock, and for this there
are pledged $1,635.000 stock, $2,000,000
companies.
mortgage bonds and $1,545,000
.This agreement was ratified by the stockholders of the three com¬ income bonds. The total receipts from flic Mexican subsidy were given
panies July 31 and Aug. 1, 1884, and the new stocks, so far as issued in in V. 39, p. 409.
In June, 1884, it was decided to pass the interest due Julyl, aud to
exchange, was listed at the Stock Exchange Aug. 7, 1881.
The report for year ending Sept. 30.18 S3, showed the net earnings of ask bondholders to fund three coupons July 1, 1884, to July 1. 1885. in¬
the New York Company’s lines—Third and Ninth avenues—were $1,786,- clusive. amounting to $3,840,375, for which 10 per cent coupon notes
915, while those of the Metropolitan Company—Second and Sixth maturing in five years were offered, secured by deposit of the coupons,
and by an equal amount ot Mex. Gov’t subsidy certificates.
(V. 37,
avenues—were $342,763.
The following is a statement of the number of passengcrs%carried
on p. 99.375,424,479: V. 38, p. 60, 14% 203, 314, 332. 359,424,454,
the elevated railroads in New York, and of the gross earnings of those 679, 706, 763; V. 39, p. 48, 96, 409, 435 )
roads, for the year ending Sept 30 for six years since the completion of
Mexican National Railway (Mex.)—Road partly built from
the roads:
Laredo to City of Mexico, 820 miles, and Mexico City to Manzanillo,
Passengers.
Earnings, j
Passengers.
Earninsrs
46,045,181
$3,526,s25 | 1881-82.. 86,361,029 $5,973,633 with branches to El Salto, Zacatecas and Matamoras, under the Palmer60,831,757
4,612,976 I 1882-83.. 92.124,943
6.386,506 Sullivan concession from the Mexican Government, of whieh about 729
1881-81.. 75,585,778
5,311,076 | 1883-84.. 96,688,992
6,723.832 were finished by Jan., 1884. Built by the Mex. Nat. Construction Co.,
whioh receives a subsidy of $11,270 per mile of road secured by 6 per
—(Y. 37, p. 23, 48, 342, 534.719; V. 38, p. 229,424, 479, 571, 620,679, cent of the Government
receipts from customs. Bonds for $1,000 witfh
706, 763; V. 39, p. 22, 96, 128, 157, 209, 409, 434.)
stock for $1,000 were issued for $1,050 cash.
Stock outstanding June,
Marquette Houghton Sc Ontonagon.—Owns from Marquette 1884, was $25,87.5,000; par $100. In Texas 161 miles of the Texas
Mich., to Houghton, 95 miles; branches, 40 miles; total operated, 135 Mexican Road from Corpus Christi to Laredo connect with this road and
miles. Has a land grant of about 80,000 acres. This was a consolidation are leased and operated with it. Coupons of April 1, ’84. were passed and
Aug. 22, 1872, of the Marq. & Out. R’y and the Houghton & Ontonagon the funding of six coupons was proposed to bondholders.
Or the bonds
Railway, and in 1883 consolidated with Houghton A L’Anse Railroad $19,330,000 have interest A. A O., and $5,000,000 J. A J. Gross earnings
and completed the extension from L’Anse to Houghton. The company on No. and So. Divisions for the quarter ending March 31, 1884, were
made default on its bonds, and issued pref. stock and the present 6 per $356,082; net, $49,676. W. J. Palmer, President, New York. (V. 36, p.
cent bonds in exchange for prior 8 per cent bonds.
81; Y. 37, p. 502; V. 38, p. 203, 314, 359, 424, 540, 706; V. 39, p. 264.)
In July, 1884, a statement of income was made on which dividend
Mexican Oriental Interoceanlc Sc International.—This
was declared.
See V. 39, p. 183, The business consists largely of the
transportation of iron ore, and in 1883 fell off considerably. The annual company was formed to build from Laredo to City of Mexico, 600 miles,
report for 1883 was published in V. 38, p. 618, and the income account in connection with the Gould system ot roads terminating at Laredo.
showed a surplus of $33,169 over interest payments and 8 per cent divi¬ See circular of Mr. Gould, as President of Mo. Pacific, in V. 33, p. 687,
716. No road has been constructed. Receiver appointed March,1884.
dends. Operations and earnings have been:
—(V. 38. p. 314, 359).
Gross
Passenger
Net
Freight (ton)
Years. Miles.
Mileage.
Earnings.
Mileage.
Earnings.
Michigan Central.—Link of Road.—Main line—Kensington to
99
2.033,885
23.477,533
$893,638
$433,756 Detroit, 270 miles; and Windsor to Suspension Bridge (Can. So.), 226
99
2,620,957
miles;
total main line, 496 miles. Branches owned and leased—Mich.
623,176
31,337,027
1,176,192
135
2,616,175
23,488,679
902,159
392,335 Air Lino RR., 115; Jol. A No. Ind., 45; Grand River Valley, 84; Jack.
~(V. 37, p. 400; Y. 38, p. 136, 202, 618; Y. 39, p. 182.)
Lan. 6c Sag., 295; Kal. A So. Hav., 40; Det. A Bay City, 147; Sag. Bay
Manhattan
New York




$13,000,o<)0® 85
6,500,000® 120
6,500,090® 110

$11,050,000
7,809,000
7,150.000

EAILROAD

October, 1884. |
Subscribers will confer

a

AKD

BONDS.

53

great favor by giving immediate notice ol any error discovered in these Tables.

DESCRIPTION.
For

STOCKS

j

Miles

i

:

Date.

Size,

or

INTEREST OR DIVIDENDS.

j

explanation of column headings, Ac., see notesj of 1 of
j Par
on tir.st page of tables.
Road. Bonds Value.

Amount

I

'Rate pci i

Outstanding

•

j

Cent.

j

When |

Where Pavable, and by

Payable J

!

Bonds—Princi¬
pal .When Due.
/Stocks-

Last
Dividend.

Whom.

i

Michigan Central—(Contin ued) —
Michigan Air Line 1st niort., assumed by M. C
M. C. bonds, inert, on Grand River Valley RR.

1

!

10

i

82
39

..

Kalamazoo & South Haven, 1st niort., guar
do
do
2d niort., guar
Grand River Valley, stock, guar
do
let niort., guar
Detroit * Ray City 1st mortgage, endorsed
Mort. on Detroit A Bay City Railroad

i

3!)

;

’

'

do

do

236
298
351
13

do

Michigan tS Ohio—1st mortgage

!

Middletown Un ionvillc t£ Water Gap—1st mortgage.1
do
2d mort. (for $400,0001'
do
Midland No. Carolina—1st mort. (for $10,000,000);
Mihc. Lake /Shore <£ West—Consol, mort., gold
Income bonds (not cumulative)
:
;

Equipment bonds
Michigan Division, 1st mortg

$1,000

1879 :
1869 1

1.000
1,000

f

1,000

1866 !
1872-3
1881 !
1865 ;
1867 i
1871
1880
1883

1,000

Income bonds, gold (cumulative)
Milwaukee t£ Northern—1st mortgage
Bonds for $8,000,090 ($2,155,000 are reserved)..
Mine Hill i£- tSchuglkill Haven—Stock

8

500,000

6
8

!

8

1,000,000 1

8

424,000

....

171,000
943,000
1,100,000
2,760,000
1

,000

3 866

1 50.000

1871
1881
3 46
1881
1881
| 1882
66 ! 18*4

250,090

....

j

4,350.000

1.000

000.000

1,000

240.0)0
1,000.0 0

1,000

Go

!

3.26

1

1882

|

1880

1,000

1884

1,000

....

137
27
93
3 5

Minneapolis <£ /St. L.—1st M., Min. to Merrhfm June.
1st mortgage, Merriam Junction to State Line
j
1st mortg., Minneapolis to White B. Lake, guar. J
1st mortgage, goid, coup. (Al. Lea to Fort Dodge)J
Improvement and equip, mort.
i
Mortgage on Southwestern extension
I
..

1**'2

1,000
1,000

j

6
6

50

....

!

1,000 i
500 Are. 1

102
360

1877
3 877
1877
3 879
1882

l.ooo |
1,000 I
1,000

1,015.000
4,006,000

53

1880

1,000 1

636.000

A No. W., 25: Tol. Can. So. A Dot., 5(5; Can. So. Br. Co., 4; Mich. Mid.
A- Can., 15 : Canada So. branches, 00 ; Sarnia Chat. A Erie, 7 ; Erin A

f

>

7
7 g.

Disbursements —

Niagara. 31; Niagara River branch, 14; total branches, 90S miles;
1,463 miles.
Organization, Leases, Ac.—'The Michigan Central was chartered in
1846 and purchased ,of the State of Michigan 144 miles of com¬

Rentals paid
Interest on debt
Can. So. (*3 of net)...
Dividends
Do
rate per cent

1852.

Miscellaneous

total operated,

pleted road and completed the whole line. Detroit to Kensington, in
Tin* Detroit &

Bay City road was foreclosed Feb. 12, 1881, and
purchased for the Michigan Central, which leased it and put a mortgage
on

the road.

The other lines described above as leased are all held bv

g.

/

6

Total disbursem’ts.

J.

1896
1921

A J.

J.
J.

3%

j

Companv’s Offices.

May 1, 1921
May 1, 1911
1892

July 1, 1924

.

Boston and New York.
j

r*

950.000
280.000

1886

.

g.

r>
6
6
«

Middleto'n.X Y.,lst N.B
M. A X. N.Y., N. Bk. of Com’ree
M. A N.
do
do
J. A J. N. Y., S. S. Sands A Co.
,1. A J.
J. A J.

8

1,430,000
520,000
2,155,000
1.598,000
4.022,500
455,000

S.

....

6
6
6

800,600

'

2%

•

15,000 p.m.

1,000

X. Y., Union Trust Co. ! Nov. 1, 1890
do
do
1909
do
do
!m. a n. !
Nov. 1, 1889
M. A N.
do
do
Nov. 1. 1890
J. A J.
do
do
July, 1884
J. A J.
do
do
July 1, 1886
M. A N
do
do
May 1,1902-3
M. A S.
do
do
Mar. 1, 1931
J. A J.
do
do
July 1, 1885
J. A J.
do
do
July 1. 1885
M. A S.
do
do
Sept. 1, 1891
M. A S.
do
do
Sept. 1. 1891
M. A N.
1923
Companv’s Office.

& N.

M. A

8
5
8
8
8
6
6
7 g.

3,576,000
1,106,000

1,000
3.000

....

St. Paul East A Grand Trunk, 1st mortg
Milwaukee c£ Lake Winnebago— 1st mortgage, gold.

|

1,0 ‘0
i ,000
i ,000
3

$200,000 \
610.000
70,000
491.200

100

.

—

1870
1870

81
8-1
145
145
116

j

Jackson, Lansing & Saginaw 1st mort
do
1st mortgage
do Cons. m. on whole line (300m.)....

L

■

A
A
,T. A
J. A
J. A
M. A
J. A
J. A
J
A

j

D. N.Y.,Mereii.Ex<-h.N.Bk
D.
New York City.
J. Phila.M.II. AS. H.R.Oo.
J. N.Y., Continental N.BkJ
D.
do
do
do
do
N.
D.
do
do
,T.
do
do
New York.
1).

1880.
$

184,310
1,385,120

1,409,056
8

18*1.

July 1, 1912
July 1, 1912
June 1. 1910
Jau. 1, 1913

July 15, 1884
Jan.
June
Jau.
June

1, 1907
1, 1927
1. 1907

1, 1909

July l, 1922
Dec. 1, 1910

$
184,310

1882
$
184.310

1,508,616

1,617,061

184,310
2.249,106

468,455
2ie

374.764

611,571
1,124,292

2,161,331

2,176,135

1883.

$

6

ro.ooo

3,138,486

4,169,279

203.512
40,855
193,171
166,551
Michigan Central nominally under leases at fixed rentals, but are Balance, surplus
practically owned. The land grant came from the Jackson Lansing A -(V. 37, p. 117, 707, 719; V. 38, p. 569, 751, 763.)
Saginaw company as stated below. In Nov., 1882, a close contract was
Michigan Sc Ohio,—Road completed Nov., 1*83, from Allegan,
made with Canada Southern for working its road by the Michigan Ceu
Mich.,to Dundee, Mich., 154 miles, u-ing the tracks of the Toledo Ann
traland the division of net profits over all charges—one-third to Canada Arbor A Grand Trunk. 22
miles, to Toledo, O. It was constructed by

the

Southern and two-thirds to Michigan Central.
Stocks and Bonds—The Michigan Central stock lias remained at the
same amount since 1873.
Prior to 1873 it was a regular 10 per cent
Btock. In 18 72-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and since then irregular amounts.
Since 1870
dividends have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73
5 and 4 in scrip; in 1878, 2; in 1879,3^; in 1880, 8; in 1881, 0%; in
1882, none paid: in 1883.5. The range in prices of the stock has been
as follows: In 1871,114®12G; in 1872, 113®120; in 1873. 65®111; in

a New Yo’ k syndicate, and
each subscription of $16,500 in cash re¬
ceived $15,000 1st mortgage bonds, 150 of preferred and 250 shares
Bonds issued at $15,000 per mile. Stock is $3,000,000
common stock.
preferred and $5,000,000 common. (V. 37, p. 75, 99, 502; V. 38, p. 115.)

Middletown Unlonville Sc Water Gap,—Ow*ns from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.. Is controlled

by New York Susquehanna & Western by ownership of stock. Formerly
leased to the Midland of New Jersey and bonds guaranteed. Stock,
(V. 37, p 23.)
1874, 68%®9512; in 1875, 53®82i4; in 1876, 3458®05%; in 1877, 35^ $149,850.
®7414. in 1878, 58%®75; in 1879, 73%®98; in 1880. 75®130ie; in
Midland North Carolina.—Owns from Morehead City to Golds¬
1881, 84^®120; iu 1882,77S/105; inl883,77®100is; in 1834 to Get
boro, 95 miles, and constructing to Salisbury, 150 miles further; built
17, 51 %®94%.
by the Midland Improvement and Construction Co. Total projected line
The Jackson Lansing A Saginaw debt is assumed by Michigan Central
is 565 miles. Stock, $5,000,000. American Loan A Trust Co., Boston,
which also pays $70,000 per year on the stock of $2,000,000; the pro
is trustee. The company leased the Atlantic & North Carolina in 1881
ceeds of J. L. & S. lands go to pay bonds, and in 1883 sales amounted from Morehead City to Goldsboro, and was constructing its line to Salis¬
to 12,258 acres, for $88,824 ($105,339, includ. timber), leaving 320,999 bury, but the company became embarrassed and the affairs of the Con¬
struction Company were to be wound up.
acres, valued at $2,407,490, and land notes on hand, $555,559.
(V. 37, p. 151.)
Milwaukee Lake Shore Sc Western.—Owns from Milwaukee
Operations, Finances, Ac.—'The Michigan Central paid 10 per cent
dividends regularly till 1873, but becoming liable afterward for heavy Wis., to State line and beyond, 314 miles, of which 4 miles are leased;
obligations on leased lilies, the company suspended dividends.
The branches—llortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers,
roatl on through business is much affected by the competition between
6 miles; Eland June, to Wausau, 23 miles; Autigo to Malcolm, 11 miles ;
Chicago and points eastward, and by the rates on through freights. Monico to Rhinelander, 16 miles: total operated, 389 miles. The road
An article in the Chronicle, Vol. 37, p. 708, gave an exhibit of the will lie extended to Ashland, Wis. This company was organized in 1876
earnings of the Michigan Central and the Canada Southern for six years as successor to the former company foreclosed in 1875. The company
past, and the surplus yearly applicable to dividends. For the first year has $5,000,000 preferred stock and $1,750,000 common stock issued
of working together—1833-the traffic earnings and expenses of tip*, out of $5,000,000 authorized. The consolidated mortgage for $5,000,combined system showed the following increase over the year 1882
000 will take up all other debts.
Preferred stock has a preference
Earnings, 11.679,700increase; expenses, $172,700 increase; and the to the extent of 7 per cent from net earnings. The annual report for
resulting increase in net earnings $1,207,000. As a net result ol the 1883 was given in V. 38, p. 358. In 1883 gross receipts $1,063,605;
joint operation of the roads the Michigan Central had $1,290,842 net, $393,080: interest, $252,849; surplus, $140,231; interest on in¬
come bonds, $30,000.
applicable to dividends and paid the Canada Southern $611,570.
In 1882 gross receipts were $909,907; net,
The result of operations lor the first half of 1834 was given in V. 33, $331,863 ; surplus, $132,792 ; income interest. $30,000. (V. 37, p. 446;
p.*763. as follows:
V. 38, p. 230, 358. 571; V. 39, p. 96, 296.)
Jan. 1 to June 30Milwaukee Sc Lake WinneJbago. — Owns from Neenah to
1833.
18 *4.
Difference
Sehleisingervillc, Wis. Built in 1882 and leased for 99 years to Wiscon¬
Gross earnings
$6,740,050 $5,603,500 Dec.$l,136,500 sin Central at 37% per cent of gross earnings as rental; but after
374,500 $175,000 per year is received the balance of net earnings is to be equally
Operating expenses and taxes. 4,591,000 4.216,500 Dec.
divided. Prer. stock, 6 per cent cumulative, $780,000; common stock,
Net earnings
$2,149,000 $1,387,000 Dee. $762,000 $520,000; par of shares, $100. (V. 36, p. 196.)
Deduct interest and rentals
1,210,000
1,280,000 Inc.
70,000
Milwaukee & Northern.—Owns from Green Bay, Wis., to
Balance for stock
$939,000
$’07,000 Dec. $832,000 Schwartzburg, Wis., 104 miles; branches—Menaslia and Appleton to
Two-thirds of bal. to Mich. Cent.
71,333 Dee.
626,0 0
554,667 Hillbert,Wis., Wisconsin A Michigan Railroad, Green Bay to Pike River,
One-third of bal. to Canada So..
313.000
35,667 Dec.
277,333 and Marinette branch; total operated, 240 miles. The stock is $3,735,,000. On June 5, 1880, foreclosure was made and road sold for
It was leased to Wisconsin Central at a rental of 37%
Total balance
$L07,000 Dec. $832,000 $1,500,000.
$939,000
per cent on gross earnings, but lease terminated August, 1882.
Dividend 3 per ct. to Mich.Cent. $562,146
Dec. $562,146
Gross
earnings in 1881, $530,250; net, $198,944.
Net in 1882,
Dividend 2 per ct. to Can. So...
300,000 including rental for seven months. $193,830. Gross
300,000
Dec.
earnings in 1883,
$513,357; net, $154,504; rentals. $19,575; interest on bonds, $129,300;
Total dividends
$862,146
Dec.
862,146 surplus for year, $56,293. (V. 38, p. 230, 76 4.)
Surplus
$76,854
$107,000
Mine Hill Sic Schuylkill Haven.—Owns from Schuylkill Haven.
Pa., to Locust Gap, Pa., with branches, 137% miles. Road was leased
The annual report for 1883 in V. 38, p. 569, had the following:
May 12, 1864, to the Philadelphia & Reading Railroad Co. for 999 years
EARNINGS AND EXPEN8ES
at a rental of $321,800 per year. There is no debt, and 7 per cent divi¬
dends are paid. Operations are Included in lessee’s returns.
1880.
1881.
1882.
1883.
$
$
$
Earnings—
$
Minneapolis Sc St. Louis.—Owns main line, Minneapolis to
Passenger
2,461,771
2,812.706
3,146,309
4,007,548 Angus, 260 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kalo
Freight.."
6,195,971
5,675,731
5,426,455
9,472,366 Branch, 2 miles; Lake Park Branch, 1% miles; total operated, 355%
Mail, express, &c
312,050
293,633
340,317
529,853 miles. In 1883 acquired the Minnesota Central Railroad, 66 miles. In
June, 1881, a consolidation was arranged with $2,000,000 of stock.
Total gross earngs...
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
8,800,487
8,913,081 14,009,767
8,951,375
Total oper. expens...
5,733,751
6,732,096
6,671,726
9,741,638 1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Cedar
Rap. & No. RR. The bonds on the 15 miles were issued by the Minneapolis
Net earnings
2,241,355
3,212,624
2,068,391
4,268,129 & Duluth Railroad before it was absorbed by this company. Preferred
P.c. op. exp.to earn’gs
64T1
76-50
74-85
69-53 stock of $8,000,000 is authorized and $4,000,000 issued; common stook,
$12,000,000 autboiized and $5,754,100 issued; par of both $100 per
INCOME ACCOUNT.
.

/— -

-

.

Receipts—

Net earnings

Int’st and dividends.
Total income




1880.

1881.

1882.

$
3,212,624
134,374

$
2,068,391
133,845

$
2,241,355
127,951

4,268,129
67,701

•hare. The projected Southwestern extension runs from Fort Dodge,
fa., towards Kansas City, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. R. R. Cable, President, Chicago.
In
1883 gross earnings were $1,651,929; net, $336,956.
The
total funded debt Dec. 31, 1883, was $7,441,000, and bills parable

3.346,9P8

2,202,236

2,369,306

4,335,830

000.

1883.
$

$1,425,000, on which the whole annual interest would be about $500,(V. 37, p. 201. 479; V. 39, p. 233.)

Subscribers will confer a

great favor by giving

explanation of column headings, Ac., see
on first page of fables.

Minneapolis <£• St.

notes

Texas—Stock

discovered in these Tables.
Bonds—Princi¬

immediate notice of any error

Date
Size, or
Par
of
Road. Bonds Value.
Miles
of

Loins-(Continued)—

Mortgage on Lake Superior Extension
'2d mort. bonds, income, 5 & 10 years
1st mortgage, gold, Pacific Extension
Mississippi <£• Tennessee—1st mortgage, series
1st mortgage, series “B,” (a second lien)

Missouri Kansas &

[Vo*. XXXIX.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

BONDS.

AND

STOCKS

RAILROAD

54

1880
1881
1881
1877
1877

21
172
92
100
100

“A”.

182
100
786
786

land (U.P.S.Br)

General consol, mortgage, gold
East Line A Red River
Hannibal & Central Missouri, 1st mortgage
Internat. A Gt. Nortli’n, 1st mort., gold
do
2d mortgage

1,370
70

776
776

Colorado' Bridge.bonde
do
Missouri Pacific—Stock
1st mortgage, gold
2d mortgage (s. f. $50,000 per annum)
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
3d mortgage

1868
1870
1871-3
1876
1873
1880
1880
1870
1879
1881
1880

906
283
283

299
990

Consol. M., gold, for $30,000,000 (coup, or reg,)..
Caror.delet Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Atch. & N. W., 1st mort., guar
St. Louis A Lexington, 1st mort
8t. L. Iron Mt. A So., 1st mort., coupou

15^3
21
210

$123,000

1,000

500.000

1,000
1,000
1,000

1,382,000
977,000
1,100,000

100

46,405,000

1,000
1,000
1,000

2,168,000
3 49,000

1,000
1,000

1,000
1,000

7,954.000
7,054.000
225,000
30,000,000

500 Ac,

1876
1860
1873
1866
1870
1880
1867

2

1.000
500 Ac.

700,000
3,828,000
10,700,000

1.000

245,000

1,000
1,000

205,000
190,000
650,000
4,000,000

1,000

pal When due.
Stocks—Last
Dividend.

Payable, and by
Whom.

Payable

June

New York.

I,

1910

J.

A D.

J.

A J. N.Y., Continental N.Bk Jan. 1.’86-’91

8

J.

A. A 0.
A. A O.

A

J.

do
N. Y., Bank
do

do

.

of N. Y,
do

April 1, 19 21
April 1, 1902
July 1, 1902

Jan., 1899
J. A J. N. Y., Company’s Office.
Juno, 1903
do
do
J. A D.
1904-1906
g- F. A A. N.Y.. Mercantile Tr. Co.
A. A O. N. Y., 195 Broadway. April 1,
1911
do
do
May 1, 1906
g. M. A N.
Dec. 1, 1920
do
do
J. A D.
g.
1900
do
do
J. A D.
do
• do
May 1. 1890
g. - M. A N
Nov. 1, 1919
do
do
g. M. A N.
1909
do
do
M. A S.
1920
do
do
M. A N.
Oct. 1, 1884
New York, Office.
1%
Q.-J.
Aug., 1888
6 g. F. A A. N.Y., Mercantile Tr. Co.
July, 1891
7
J. A J. N.Y., Mercantile Tr. Co.
do
do
May 1, 1892
M. A N.
8
St. Lomu.
Feb., 1885
mont’lv
7
Nov., 1906
M. A N. N.Y., Mercantile Tr. Co.
7
do
do
Nov., 1920
0 g. M. A N.
Oct- 1, 1893
6 g. A. A O. N.Y., Bk. of Commerce.
Jan., 1886
.T. A J. N.Y., Mercantile Tr. Co.
7
Oet. 1, 1889
7
A. A O. N. Y., Nat. Bk. Commerce
F. A A. N.Y., Mercantile Tr. < ’o.
Aug., 1920
r>
do
do
F. a a.
Aug. 1, 1692
7

6
7
7
6
7
5 A 6
6
7
6
6
7

,573,000
800,000

1,000
1,000

500 Sc

Where

7
7
6 8'8

7,000,000

1,000

When

....

14,770.000
1,627,000
898,000
19,121,000
440,000
768,000

500 Ac.

100

1868
1871
1872

Rate per
Cent.

Outstanding

$1,000

1,441

1st m., gold, sink, fund, on road and
1st mortgage, gold (Tebo. A Neosho)
Consolidated mortgage, gold, on road and land...
2d m., income, exehang* able for genl. m. 5 per ct.
Booneville Bridge bonds, gold, guar

Amount-

g.
g.

1
t~

Mississippi Ac Tennessee.-Owns from Grenada, Miss., to Momphis, Tenn., 100 miles. Capital (dock, $825,400. Debt was
as above in 1877.
A majority of stock was sold in April, 1884, to R. T.
Wilson of the Louisville New Orleans A Texas RR. Earnings for three
years past were: 1881-82, gross. $406,051; net, $152,402; 1882-83,

consolidated

151, 695 ; V. 38, p. 455.)
Map Missouri Pacific)—Line
OF Roai>—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,
Mo., to Pool a, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Wbitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville,
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex 30 miles; Miller Junction, Tex., to Belton, 7 miles; Trim-

gross, $522,101; net, $260,635. (V. 37, p.
Missouri Kansas Ac Texas.— (See

Disbu rsr men ts—
Interest on bonds
Taxes, rentals, Ac.

INTERNATIONAL AND GT. NO.

defi’t.$97,C 40

Reccip's-

2

H. & II.

road, Houston to Galveston, 50miles; total operated 826 miles.
Organization, History, Ac.—The M. K. A T. Company was organized

April, 1870, and embraces by consolidation the Union Pacific—Southern
Branch, the Tebo A Neosho and other minor companies. In 1874 the Han¬
nibal A Central Mo. was purchased. The. company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New
York took possession.
The election of Mr. Gould ns President took
place in January, 1880. On Dee. 1, 1880, the company took possession
of its property, paying the overdue coupons. The company had a land
grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the, Indian
Territory of 3.622,400 acres subject- to the extinguishment of the
Indian title. The Booneville Bridge Company is a separate organiza¬
tion, and earn* interest and proportion for sinking fund.
At a meeting of stockholders May 18, 1881, a lease to the Missouri

$1,073,972

$988,909

$1,119,657

$908,785

MISSOURI KANSAS & TEXAS

Receipts—
Net earnings

Dividends, etc
Total net income




,

116,417

65,638

$1,185,345
$1,025,202
def. $36,293
def. $111,373
—(V. 37, p.479; V. 38, p.115,261,331. 356,359, 763; V. 39, p. 128.)
Missouri Pacific. — (See Map.). — Line of Road — Owns main
line from St. Louis, Mo., to Atchison, Kan., 330 miles; branches
660 miles; total 990 miles.
Iu May, 1881, the St. Louis Iron Mountain
A Southern was taken in. July, 1383, the mileage was as follows : From
St. Louis to Texarkana, Texas Liue, 490 miles; branch lines, Mineral
Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
miles; Poplar Blurt', Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Guidon,
Ark., to Camden, Ark., 34 miles; Knobel to Forrest City, 97 miles;
Forrest City to Helena, 43 miles ; Newport to Batesville, 27 miles;
N< elyvilie to Doniphan, 20 miles; total, 906 miles.
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road opened to
Kansas City iu October, 1865.
The company received a loan from the

That the
interest, pay¬
If there
interest, or
A Texas
can resume possession of its road.
The International A Great Northern Railroad was acquired by Mo.
Kan. A Tex. in May, 1881, oy gu exchange of two shares of Missouri
Kansas A Texas stock for one of International A Great Northern,
and the Int. A Gt. North, stock is held in the treasury of the M. K. A T.
The International A Great Northern was a consolidation- of
the
Houston A Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873,
The company made default on its bonds, and a re¬
ceiver was appointed in April, 1878. Sales in foreclosure wen* made
July 31 and Oct. 11, 1879. Hi the reorganization the lands of the com¬
pany, amounting to about 5,000,000 acres, were conveyed to the
second mortgage bondholders iu full settlement for their lien on the. road,
which was thereby discharged, and the New York A Texas Land Com¬
pany was formed to manage the lands.
Stock and Bonds.—The stock has ranged ns follows since 1877.
viz : In 1878, 2'&71e: in 1879,5^35%; in 1880, 2813a49%; in 1881,
347s®54; in 1882, 26%«42bj; in 1883, 19io ^317e: in 1881 to Oct. 17,
9V«>23%.
The general consolidated mortgage is at $20,000 per mile on all load
built and to be built; of which $18,217,000 is reserved to take up first
consol, and prior bonds; $447,000 for the East Line A Red River bonus.
There were $10,000,000 reserved to take up Income mortgage, bonds and
scrip, at d in Nov., 1883.au exchange was 0fieri il to tile holders of Income
bonds, in these general mortgage bonds, bearing 5 per c< nt interest, at
par, and to scrip holders at 60 per cent of the lace of their holdings.
The amount of general mort. bonds ns above given includes the amount
t>f Income bonds and scrip that had been converted up to Oct., 1884.
Theie are also $32,000 of Hannibal A Cent. Mo 7s 24 mortgage bonds
yet out, due in 1892 : and also a small amount of old 8 percent income
bonds of International A Great Northern, exchangeable into Int. A G.
'N. 2d mortgage bonds. The I. A G. N. also guarantees $2,000,000 ol’
Galveston Houston A Henderson 1st mortgage 5 per cent bonds.
Operations, Finances, Ac.—Since the road went into the Gould sys¬
tem the earnings have increased, both gross and net.
The income
account for 1882 showed a deficit of only $97,000 after paying all
charges for interest, but not including intciest on the income mortgage.
In 1883 gross earnings were much larger, owing partly to tin heavy
cotton ciop of 1S82 in Texas.
The increased iuterest charge after
1883 on $10,00o,c00 of new general mortgage bonds exchanged for
including Int. A Gt. No ) were $3,265,849, against $3,317,432 in
net, $9! 9,226, against $1 ,<V-0,321 iu 1683.
The annual report was in V. 38. p. 357, and had the following;

18S3.

$954,252
34,657

Total disbursemeits..:
Balance for year

Pacitic for 09 years was ratified on terms following:
lessee operate, the road and pay the obligatory 'mortgage
ing over the balance to the Missouri Kansas A Texas Company.
is a deficit in income the lessee may advance mouey to pay
in case of failure to make such advance the Missouri Kansas

incomes and scrip will be, when all issued, about $500,000.
For six months from Jan. 1, 1684, to July 1, 1884, gross earnings

$371,497

1882.
$1,006,900
6',072

Taxes, rental, Ac...

to

sur.

INCOME ACCOUNT

Net earnings
Other receipts

Palestine, Texas, to Laredo, Texas, 415 miles; brandies—Longview
Jarvis. 29 miles; Houston to Columbia, 50 miles; Phelps to Huntsville,
8 miles; .Mineola to Troupe, 45 miles; leased—Round Rock to George¬
town, 10 miles;•Henderson to Overton, 16 miles; leased Gal.

$2,971,717

$2,569,881

Total disbursements..

Total net income
Disbursements—
Interest on bonds

$2,492,517
479,200

191,059

Balance for year

,

1383.

1862.

$2,378,822

.

(not-

1883;

INCOME ACCOUNT.

1882.
$2,265,478
206,763

1883.
$3,197,007
146,207

$2,472,241

$3,343,214

State of Missouri.
The Pacitic Railroad of Mo. was

sold in foreclosure of the. 3d mortgage

Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
ami others, and a new company organized with a stock of $800,000.
This foreclosure was afterwards contested by suit, and the decision of
the U. S. Supreme Court lu-ld sulistautially that the charges
were sufficient to warrant a trial on the merits of the case.
(See V.
p. «>71.)
The present company was a consolidation in August,
the Missouri Pacific, St. Louis A Lex.. Kansas City A East, and Lex.

of fraud
38,

1880, embracing
A

South, in Missouri; and the St. Louis Kan. A Ariz. and Kan. City Leav.
A Atoll, in the State of Kansas.
The St. Louis Iron Mountain A Southern stock was taken up with
Mo. Pacific in May, 1861, on the basis of three shares of Mo. Pacitic for
four shares of Iron Mountain, and the St. Louis A Iron M. took is
held by Missouri Pacific.
Stock and Bonds.—Under the new regime the payment of dividends
was beunu on the present stock in 1880,"in which year l1^ per cent was

Dividends since were as follows: in 1881,

paid.

6; in 1832, 6>4; in

1883, 7; in 1864, 5%.
The consolidated mortgage above is for $30,000,000—trustees John F.
Dillon and Edward I>. Adams. The bonds are issued to retire, the out¬
standing bonds of the consolidated company, as above given, amounting

$20,184,000. The remaining $9,816,000 arc issued as maybe re¬
quired for finishing, constructing, purchase, acquisition, Ac.
Operations, Finances, Ac.—The earnings and income account below
arc for the Missouri Pacific and its branches only (990 m les); for, uotwithstanding.the merger of St. Louis A Iron Mountain stork and lease of
Missouri Kansas A Texas, the operations of all the roads have been

to

kept separate and are so reported. The Missouri Pacific is regarded as
the main company of the whole Southwestern System of Gould roads,
and on its stock only are dividends paid.
For si. months from Jan. 1, 1884. to July 1, 1884, the gross earnings
(including the Iron Mt. liR ) were $7,636,227, against $7,651,260 in
1863; and the net were $2,251,480, against $2,464,695 in 1883.
The annual report ot Mo. Pacific for 1883 was published iu tlieCiiRONicle, V. 38, p. 331 and 31 6. The earnings, income account aud balance
sheet weie as follows:
1882.

earnings
Operating expenses
Gross

$9,153,731
4,978,465

$3,769,730
$3,769,730
53-44

$4,175,266

4,324,888

Net earnings
Per cent of operat’g expenses

to earnings.

income account.
Tffpp i )>/<?■—

Net

earnings

Dividends, Ac
Total net income
D sbursements—
Interest on bonds

Dividends paid
Rate of dividend
Taxes, rentals, Ac
Total disbursements
Balance for year

1883.

$8,094,018
$8,094,618

1882.

54-39

1883.

$3,709,730
$3,709,730

$4,175,266

700,552
c"‘’

439,661

$4,470,282

$4,614,927

$1,598,390
1,946,419

$1,667,880

64

2,097,348
7

343,068

420,296

$3,892,877
$3,892,877
$577,405

$4,185,524
$429,403




Subscribers will confer a great favor

[Voi,. XXXIX,

by giving immediate notice of any error

discovered in these Tables.
Bonds—Princi

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

BONDS.

AND

STOCKS

RAILROAD

so

Miles Date
Size, or
Par
of
of
Road. Bonds. Value.

explanation of column headings, Ac., see notes
on first page of tables.

Amount

Outstanding

Rate per

When

Cent.

Payable

Where

pal, When Due.

Payable, and by Stocks—Last
Dividend.

Whom.

-

Missouri Pacific—(Continued)—
8t. L. I. M. A 8., 2d M..gold, coup., may be reg
do
Ark. Branch, 1st mort., gold, land gr *
do
Cairo Ark. A T., 1st, gold, cp.orreg
do
Cairo A Fulton, 1st, g., on road A land..
do
Gen’l consol. M. (for $32,036,000)— I
do
do
supplemental, gold 5
Mobile A Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile A Montg.—Stock
Mobile ^ Ohio—Stock
1st mortgage, gold
1st mortgage, extension, gold (for
1st pref. inc. and s. f. debentures,
do
2d “
do

310
99
71
304

9071
85
“f

$1,000,000)—
not cumulative

do
do
do
do
Montgomery A Eufaula—1st mortgage
Montpelier A Wells River—Stock
3d
4th

do
do
do

180
528
472
55
....

....

....

Morgan’s La. A Texas— 1st mort.,gold(N.O.to M.City)
1st mortgage, Alex. Extension, gold
Morris A Essex— Stock
1st mortgage, sinking
2d mortgage

«

fund

Convertible bonds

81
38
110
150
132
84
84
....

Gen. m. A 1st on Boonton Br.

Ac. (guar. D.L.AW.)

W..

Consol, mort. (for $25,000,000) guar. D. L. &
Special real estate mortgage
Real estate terminal mort. (guar. D. L. & W)

34
137

31.

GENERAL BALANCE DEC.

1882.

Assets—

$39,298,901
20,856,312
624,117

Materials aiul supplies on hand
Cash on hand...
Uncollected earnings
Advances to railroads

1,238,990
202,579

1870

1870
1881
1881-2
1869
1877

1,000
1,000

1879
1883
1879
1879
1879

....

....

1879

1879

•

.

•

1,500,000
800,000

•

50

...

5,000,000
1,494,000
15,000,000
5,000,000
2,999,000
284,000

1,000
1,000

1878
1880

50
500 Ac.
500 &c.

....

1864
1866
Var’us
1871
1875

1,000

1882

1,000

1883.

$39,950,939
22,324,316
1,185,718
779,050
731,661

6,557,000
1,025,000
2,220,000

$29,962,125

25,379,000
468,972
2,395,920
92,386
4,635,162

496,433
2,430,651
122,911

Receipts- Net earnings
Other receipts
Total net income
Disbursements—
Interest on bonds
Taxes, bridge and car expenses,

38, p.

& N. Office.

N.Y., 11 Pine Street,
do
do
do

1927

sinking fund.
(?)

J. & J. N.Y.Bk.of State of N. Y.
J. & J. N. Y.. Del., Lack & W.
do
do
MAN.
do
do
F. & A.
do
no
J. & J.
do
do
A. & O.
do
do
J. & D.
N.

1, 1927

July 1,

July 1, 1909

Boston.
New York.

....

Dec.

} Redeemable
only by

do
do
do

N.Y., Nat. City Bank.

A. & O.

June. 1897
March 1, 1881

Y., Del. Lack. & W.

April I,
July 1,
July 1,
Mayl,
Aug. 1,

1918
1920

1884
1914
1891

1900
Oct., 1901
June 1,1915

Jan. 1,

July 1, 1912

or 100,000 shares of $100 each, of which there have been
issued 53,206 shares. The debentures are secured by a deed of trust
land, about 1,143,222 acres, and receive 7 percent, if earned.
The Cairo Extension bonds were exchanged in 1884 for the M. & O.
Extension mortgage bonds due 1927.
In August, 1881, 7 per cent was declared on 1st preferred incomes;
also 2 per cent on 2d incomes. In August, 1882, 2 per cent on
first preferred incomes; in 1883, 3 per cent; in 1884, 5 per cent.
The report for 1882-83 was published in the Chronicle, V. 37, p. 423,
and had the following remarks: “Beyond the current expenses for the
month of June, which are payable on or before the 15th of the next suc¬

26,895,000

of the

5,064,564

ceeding month, the only floating indebtedness appears

in bills payable,

and results from the company having assumed the advance of $100,000,
incurred in the completion of the Kentucky & Tennessee RR. (Cairo
extension). * * * There has been an increase in revenue over last year of
4-93 per cent, or $106,784, and an increase in expenses of 2*42 per cent,
or $38,879, and in net revenue there has been an increase of 12-08 pe

cent,

or

$67,904.”

*

*

*

bales of cotton moved during the year was
239.974, against 232,320 bales moved the preceding year. The general
or total tonnage over the road for the year amounted to 357,493*4,
against 345,754*7 tons moved during the past year.” * * *
“The total number of

1883,)
the ex¬
of the
cotton crop are yet doubtful, and not up to the average of former years,
the general business of the country tributary to and passing over the

“Since July 1 the receipts up to the present time (Oct. 1,
show a healthy increase over those of the previous year, while
penses have been somewhat reduced, and while the prospects

1883.

road is exceptionally good.”
Gross earnings for eight months

Total gross earnings

$3,838,514

$3,785,174

$2,248,979

499,663

$2,259 193
479,486

Net earnings..
Disbursem ents—
Interest on mortgage
Interest on incomes

$2,748,642

$2,738,679

from Columbus, Ga., to Troy, Ala., 84

miles.
Common stock, $987,164; preferred stock, $279,900, and $5,080
Pike County stock. Second mortgage bonds are endorsed by Central
RR. of Georgia. There are also $19,000 3d mort. 6 per cent bond«, due
June 1, 1897. In 1883-84, gross earnings, $241,670; net, $49,686. In
1882-83. gross earnings, $255,756; net, $77,455. (V. 35. p. 431; V. 37,
p. 22.)

Mobile A: Montgomery—(See man Louisville <€• Nashville) —
Owns from Montgomery, Ala., to Mobile, Ala., 180 miles.
The
old road was sold in foreclosure Nov. 16,1874, and purchased by bond¬
holders, who organized this company on a stock basis, in Nov., 1879,

$1,550,000 of the stock owned in this country was - purchased by parties
m the interest of the Louisv. & Nashv. RR. at 80, giving the control to
that company, which now operates it. The old mortgagedebt outstand¬
ing is about $230,000. The Louisville & Nashville Co. has issued
$2,677,000 bonds secured on this road, which are pledged for the collat¬
eral trust bonds of that company. Gross earnings in 1883-4, $1,179,331;
net, $308,523; iut. and taxes, $211,173 ; sur., $97,350. ( V". 38, p. 230.)
Mobile Sc Ohio.—Owns from Mobile, Ala., to Columbus Ky., 472
miles, and extension (by Kentucky & Teun. RR.) to Cairo, 21 miles:
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesia, Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles.

against $262,049

1883-84 the preliminary report in V. 39, p. 22, gave
$718,149 net receipts, against $628,406 in 1882-83.
Operations for three years ending June 30 were:
1880-81.
1881-82.
1882-83.
For the year

$3,690,120
95,054

48, 128.)

of 1884 from Jan. 1 to Aug. 31 were

$1,245.081. against $1,251,194 in 1883; net, $233,562,

$3,735,622
102,892

$1,089,872
$1,046,495
30, 331, 356, 540, 571, 620, 763; V. 39, p. 11,

mobile Sc Girard.—Owns

& J.

J.

4*^5 J. & J.

$7,904,683

Ac

Q.—Jan
Yearly.
Yearly.
Yearly
Yearly.

7

•

N. Y., L.

A D. N.Y. Farmers’ L’n & Tr.
do
de

J.

7
7
7
7
7

$7,582,209

Total disbursements
Balance for year
—(V. 37, p. 535; V.

....

1897
1891
April 1, 1931
April 1, 1931
Jan., 1889

$10,000,000,

$64,971,684
$62,930,340
Southern.—This company defaulted on
made a compromise with its bondholders,
issuing income bonds for overdue eoupons. The company afterward
offered to exchange these for the new 5 per cent mortgage bonds,
and all are reported as exchanged; There are also $73,000 of old income
8 per cents of Cairo & Fulton. The Mercantile Trust Co. of N. Y. is
trustee of the general consol, mortgage. The stock is all held in the
treasury of the Missouri Pacific Railway Co., having berm retired in
May, 1681, by the issue of three shares of Mo. Pac. stock for four of St.
Louis & Iron Mountain. The sales of land in Arkansas on which the
Cairo & Fulton bonds have a lien are given in the report for 1883 as
66,840 acres for $195,988. Lands yet unsold, 928,498 acres.
The report for 1883 was published in the Chronicle, V. 38, p. 3ol
and 357, and the income account was as follows:
1882.

J. &
J. &

Mayl, 1897
1895

June 1,
June 1,
Jan. 1,

with the Farmers’ Loan & Trust Company, until the extinguishment
of said debentures.
The capital stock authorized by the charter is

St. Louis Iron Mountain &
its interest in 1875 and finally

income account.

A. &
A. &

N. New York or London.
D. N. Y., Mercantile Tr. Co.
do
do
D.
do
do
J.
do
do
O.
do
do
O.
J. N. Y., Nat. City Bank.
do
do
D.

the

$29,958,900

Gross earnings

&
&
&
&

M.
J.
J.
J.

3*a

4,991,000

1,000
1,000

$64,971,684

..

900,000

....

g.
g.
g.
g.
g.

6 g.
6 g.
7
7
7
7
6
2
7
6 g.

600,000

....

$62,930,340

Interest due and acc rued.
Vouchers for December
Miscellaneous
Income account (surplus)

3,311,000
261,000
800,000
2,950,800
5,320,600
7,000,000
600,00u
5,300,000
1,850,000

100
100

709,441

Liabilities—

10,353.000

1,000

....

7
7
7
5
5
8
4
3

2,500,000
1,450,000
7,600,000

1,000
1,000
1,000
1,000
1,000

1872

7g.

$6,000,000

$1,000
1,000

1872

$2,377,817 $2,164,274 $2,271,058

Operating expenses

bonds

1,562,486

1,602,145

1,642,651

$815,331

$562,129

$628,406

$420,000

$456,000

408,000

106,000

$456,000
159,000

$562,0< 0
$615,000
Sur. 129 S:ir.$13,406
-(V. 37, p.48,423; V. 38, p. 455, 679,764; V. 33, p. 22, 381.)
Montgomery Sc Eufaula.— Montgomery to Eufaula, Ala., 80
miles. The road was foreclosed May 1, 1879, bought by W. M. Wadley,
and the present company organized.
Operated under contract by
Cent. RR. of Georgia. Stock is $620,000.
Gross earnings year ending
June 30,1882, $355,681; net, $118,968. Div. of 10p. c. paid in Apl.. ’83.
Montpelier Sc Wells River,—Owns from Montpelier to Wells
Total disbursements
Balance

River, Vt., 38 miles.

$828,000
Def.$ 12,669

Reorganized January, 1877.

President, East Cambridge. Mass.
Gross earnings
March 31, 1884, $92,188; net, $6,343.

D. R. Sortwell,
for year ending

Morgan’s Louisiana Sc Texas Railroad Sc Steamabip Co.—
Feb., 1884, owned from New Orleans to Cheneyville, 205 miles;
branches, 40 miles; branches under construction, 15 miles; Cheneyville
to Alexandria (under track agreement), 24 miles; total, 284 miles.
There are yet outstanding $251,700 of 8 per cent N. O. Opelousas
A Great Western Railroad bonds due in 1889.
In February, 1883,
the whole stock of $5,000,000 was sold to the Southern Paciflo
Syndicate, as reported, at 150 per share of $100. This company’s state¬
ments to the New York Stock Exchange said that the company’s prop¬
erty consisted of seventeen iron steamships plying between New York
and New Orleans and between Morgan City. La., and the various Texas
and Mexican ports, and two between New Orleans, Florida and Havana
In

Eorts: also
tugs,
dredge
wharves,stock
ware-of
four largofacilities,
ferry boats,
and terminal
besides
nearly
the boats,
entire capital
ouses,

Pacific Railroad, Texas Transportation Railway
Co., Buffalo Bayou Ship Channel Co., and a majority interest in the
bonds in Feb., 1867, and capital stock of the Houston
Texas Central Railway Co.. &e. Gross
default was made May 1, earnings in 1882, $3,659,867; Anet,
$1,199,746; in 1883, gross, $4,410,*
1874, and two trustees and receivers took possession May 8, 1875, 390; net. $1,885,714; interest and taxes, $480,818. (V. 36, p. 196,
and the company was reorganized without foreclosure, and the stock
38. p. 509.)
and bonds or the company were placed on the New York Stock 212; V.
Morris Sc Essex.—Owns from Hoboken, N. J., to Phillipeburg,
Exchange list in July, 1879: First.—New mortgage to the Farmers’
N. J., 84 miles; branch, Denville, N. J., via Morris A Essex Tunnel, to
Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark A
uiches, to secure bonds in the aggregate amounting to $7,000,000
Second— Deed of trust to the Farmers’ Loan A Trust Co., as trustees, to Bloom. RR., 4 miles: total operated, 132 miles. In 1868 this road
was leased in perpetuity to the Del. Lack. & W. RR.
The lessees assume
secure four series of preferred income and sinking fund debentures,
covering specifically the lands, 1,150,000 acres.
Interest at the all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case tM
rate of 7 per cent per annum, or in multiples of 1 per cent, but
not exceeding 7 per cent in any one year on these debentures, Morris A Essex earns 10 per cent on its stock in any one year after tut
Is payable annually upon each series in the order of their priority, year 1874. The Morris & Essex is important to the Delaware Lacka*
wanna A Western as a route with terminal facilities on New York Ha^
but only if earned in the preceding fiscal year, and is non-cumu
lative. The holders of debentures have one vote for each $100, and each bor, but the actual earnings on the road show a large annual deficit for
the lessee company after the payment of rental. Tne loss to lessee was
in 1880. $1,012,416; In 1881. $985,890; in 1882, $941,550; in 1883,
le stockholders’ meetings upon the majority of the stock of the Mobile &
Sear
Ohio Railroad Company, the power to vote upon which is irrevocably $1,104,218. (V. 36, p. 611; Y. 39, p. 48

The company funded coupons from their
resumed payment of interest May, 1870. A

fean & Trust Co., of New York, as trustees, upon the main line, excluding




they instruct the Farmers’ L. & T. Co., trustees

to vote at

the Gulf Western &

RAILROAD

October, 1884.]
a

For

IKD

BONDS.

i

Miles

explanation of column headings, &c.,
on first page of tables.

see notes

.

Date
Size, or
of
Par
Road. Bonds Value.

'

of

INTEREST OR DIVIDENDS.
Amount

Rate per When Where
Cent, j Payable

Outstanding

-

($100,000

54

gold 5s, J. A J., 1900)
Nashville Chattanooga <£ St. Louis—Stock
are

$100
’73-’80

....

Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup
2d mort
Bonds held by U. 8. Government
Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Lebanon Branch
do
do
for Jasper Branch
do
do
for Cent reville Branch
Duck River RR., 2d mort., endorsed
Nashville <£• Decatur—Stock, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
2d mortgage, income
Notches Jackson<£ Columbus.— 1st mortgage

Mortgage bonds (for $600.000)
Naugatuck—Stock
Bonds

Nesquehoning Ya lley—Stock

Nevada Central—1st mort., gold (sink, f., $20,000)
Newark & Hudson—1st mortgage
Newark Somerset <t Straitsv., O.—1st mortgage

NewburgDutchess <& Connecticut—Income bonds...
Newburg & New York— 1st mortgage

New Castle <£ Beaver Valley—Stock
New Haven & Derby—1st & 2d mortgages
New Haven & Noi'thamplon—Stock
Mortgage bonds, coupon

Holyoke A W.,leased, 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr. Amort. bonds.

Northern Extension

554
151
340
321

1,000
1,000
1,000

....

88

1877
1877
1877

30

7*2

1.000
1,000

1,000

48
122
119
119
99

....

1870
1867
....

66
61
18
94
5
44

1883

178,000

100

1879
1871
1869
1877
1869

1,000
500 Ac.
....

1869
1870
1879
1881

1,000

1,000
1,000
1,000

stock, but, including

New

equipment, Ac
Improvement of track...
Real estate
Other improvements

Total disbursements.

Balance,
*

surp- or

1880-81.

1881-82.

1882-83.

1883-84

$
2,256,186

$
2,074,583

$
2,283,523

$
2,372,086

878,009

833.592

1,000,175

39,006

1,008,668
77,247

1,068,640
29,072

1,085,915
$
650,972

1,097,712
$
662,320
266,802

104,465

106,077

872,598

$
541,514

$
583,577
300,164

195,798
186,041
25,621

212,432
359,551
352,316
40,098

26,144

248,031

975,118

•

sur

755,437 1,035,199
330,478 sur.62,513

Deficit.

1880-81.

$
192,024
366,450
26.483
93,875

80,428

518,596
Total
Liabilities

1881-82.

439,353
386,040
7,187
8 4,246
121,946
416,536

j.
J.

do
do
do

do
do

do

July 1,

1891

Jan. 1. 1917
Jan. 1, 1917
1907 A 1923

N.
D.
Nashville.
J. N. Y., Drexel, M. A Co.
O. Nashv., 4th Nat. Bank.

N.Y., Bank of America.

7 g.

&
&
A
&
&
&

7

J.

& J. N. Y.,Office N.Y\L.E AW

<D

Q.-J.
Newcastle, Penu.
Various!N. Haven, Meeb. Bank.

7
3
7

6
5

Oct. 1, 1887

1885

J.
D
8.
O.
S.
N.

Bridgeport, Conn.
July 15, 1884
Bridgeport, Treasurer. June 1. 1913
Philadelphia, Co.’s office Sept. 1, 1884
N. Y., 195 Broadway.
Oct. 1, 1904
N. Y. L. E. A W. RR.
Sept., 1901
N. Y., Union Trust Co.
Nov. 1. 1889
1977
Jan. 1,
1889

Oct., 1884
1888 A 1900

d3
do

do
Oct,, 1873
J..
do
Jan.. 1899
O. N.Hav.,N.Tradesm’s Bk; Anr.l *91 A’98
A. A O.j
do
do
! April. 1. 1909
A. A O.!
do
do
April, 1911
J.

6 & 7

i

700.000 !

July 1, 1900

....

-

!

Nov. 1, 1909
June 3, 1884

&

A. A

092; net, $499,720; interest aud-taxes, $162,376; dividend, $112,924;

surplus, $224,400.

Natchez Jackson Sc Columbus.-Owns completed road from
Natchez, Miss., to Jackson, Miss., 100 miles. Stock. $760,809. New 6
percent bonds authorized but up to May, 1884, not issued.
Eavnings
for 1882, $104,183; net, $46,417; 1883, gross,$177,221;
net, $54,952.
-(V. 36. p. 313, 426.)

Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn.
56^ miles; leased, Watertown & Waterlmry RR., 4^ miles; total oper
ated, 66 miles, 5 miles of New York New Haven A Hartford being used
between Naugatuck Junction and Bridgeport. Has no bonded or
floating
debt. Operations and earnings for three years past were as follows :
1880-81, gross. $614,410; net, $201,390; 1331-32. gross, $7L4,893 ;
net, $223,784; 1882-83, gross, $712,865 ; net, $229,991.

Nesquehoning Valley.—Owns from Nesquehoning Juuccion, Pa.,

to

Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental of
$130,000 per annum. In 1879 the lease was modified so as to pay 7
per cent a year only, and an option to terminate it Sept. 1, 1884. existed,
with the right of the lessee then to buy the stock at par; but most of the
stock has been extended, with a guarantee of 5 per cent per annum.
(V.
38,

p.

301, 540.)

Nevada Central.—(See Map Union Pacific.)— Battle Mountain to
Ledlie, 86 miles; branch, Ledlie, to Austin, 7 miles; total. 93 miles.
Stock, $1,000,000. There are $250,000 8 per cent income bonds due
1930, which are held by the Union Pacific, as also $959,500 of the

Default

was

made Oet. 1,1884, on the bonded interest.

Gross

earnings, 1882. $110,440; net, $13,731; gross in 1883, $109,331; net,
$19,132. (V. 39, p. 402 )

Newark Sc Hudson.—Owns from Bergen Junction to Newark,
N. J., 6 miles. Leased to New York Lake Erie A Western at a rental
of $33,000 per annum, which pays interest on bonds aud 7 per oent
on the stock of $250,000.
Cortlandt Parker, President, Newark, N. J.

Newark Somerset Sc Straitsville.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newa’rk for 14 years from Jan. 1, 1872. Operated by the Balt.
A Oliio, which pays 30 per cent of gross earnings, and advances
any
additional amount necessary to meet the interest on the debt.
Capital
stock, common. $795,400, and preferred, $218,200. Gross earnings in
1880-81, $177,304; net, $41,548; deficit to lessee, $14,451. Iu 1881-2
gross, $188,937; net, $13,078; deficit to lessee, $32,921. In 1882-83
gross, $164,781; net, $19,511; loss, $29,922.

Newburg Dutchess Sc Connecticut.—Owns from Dutchess June.
Y., to Millerton, N. Y., 59 miles. The Dutchess A Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st mort. 78, due in 1907.
In 1882-83, gross earnings $2o7,675;
net, $12,320. In 1881-82, grass, $184,990; deficit, $3,126. The com¬
mon stock is $172,000 and preferred stock $715,350.
John 8. Schultze,
President, Matteawan, N. Y.

GENERAL BALANCE AT END OF EACH FISCAL YEAR.

Assets—
Road and equipment
Assets not available
Inv’tm’ts iu st’ks A bonds
Bills receivable
Real est ate
Due lrom agents, &c.

Stocks—Last
Dividend.

N.

2,096,169

deficit.sur 903,066 *1,223,571

& j.

j. &
!J. A

J.
J.
M.
A.
M.
M.

6 g.

1,200,000!

stock.

INCOME ACCOUNT.

1,878,184

525,000
2,460,000
1,300,000
260,000

100

....

July 1, 1884, to Oet. 1, gross earnings were
$616,250, against $609,925 in 1883; net, $277,160, against $299,906.
The annual report for 1883-4 was published in the
Chronicle, V. 39,
p. 32 3, and had the following:

Total income

3*9

250,000
700,000

68A70 500 Ac.

passed.

Disbursements—
Interest on debt A taxes.
Dividends
Extensions

1,300.000
750,000
250,000
800,000
1,164,500

50

....

1

....

7
5
4

1,000

;J. &

6
IM. &
3
J. &
7
J. &
6 g. A. &
10

27,500
2,000,000
150,000

180-2

50

1,000

Whom.

N.
Boston A Nashua.
May 1, 1884
A. Best. Safe Dep. A Tr.Co
1893 A 1900
O. New York A Nashville. April 30, 1884
J. N.Y., Continental N.Bk.
1884 to 1886
do
do
J.
July 1, 1913
do
do
J.
July 1, 1901

j.J. &

! j.

Payable, and by

Bonds—Princi¬

pal, When due.

j

174,400

•

l.OOOAo

....

For three months from

Bonds sold A miscellau’s.

6 A 8

1,817,000

•

•

endorsed bonds.
The company had net income in the year 1883-84 more than sufficient
to pay 4 per cent on the stock, but the income was applied to new con¬
struction or other purposes, and the dividend payable
October, 1881,

Receipts—
Net earnings

173,000

500

Nashville Chattanooga A; St. Louis.—Owns from Chattanooga,
Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn., to
Slielbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
miles; proprietary lines—Nasliv. to Lebanon, 30 miles; Tullahoma to
Caney Fork. 48 miles; Decherd to Fayettev., 40 miles; Centreville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
A majority of the stock ($3,385,000) is owned by the Louisville A
Nashville RR. Company and pledged among the collaterals for the
trust loan of that eomnany.
The bonds endorsed by Tennessee
are secured by deposit in trust of this
company’s first mortgage bonds.
This company owns $75,000 of the Duck River RR. 2d
mortgage

Net

300,000

4
6
6

1,000
•

....

....

12
15
13
170
92
17

....

October 1,1880, a lease for 100 years to the Boston A Lowell was
made. The company holds $300,000 cash assets against the debt. The

Gross earnings

2

71,000
1,642,557

....

....

A
F. &
A. &
,J. &

6
7
6

166.000

Nashua Sc Lowell.—Owns from Lowell, Mass., to Nashua, N. H.,
15 miles; leased—Stony Brook Railroad, 13 miles; Wilton
Railroad,
16 miles; Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with the Boston & Lowell till Oct. 1, 1878. On

was

6,670,331
125,000
6,170,000
1,000,000
500,000
398,000

....

1M.

3*3
6 & 5 g.

300,000

25

1857
3 873
1881

27

rental is $60,000 per year, equal to 7^ per cent on
other revenue, dividends are 8 per cent.

$800,000

....

....

!

Nashua <& Lowell—Stock
Bonds

57

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.

;

Subscribers will confer

STOCKS

1882-83.
$

352,876
472,590
8,387
84,«64
196,988
325,006

1883-84.
$

562,727
462,940
8,722
80,3r>4
188,919
300,217

Newburg Sc New York.—Owns from Vail’s Gate Junotion to
Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
RR., at $17,500 per annum, and operated now by New York Lake Erie
A Western.
New Castle Sc Beaver Valley.—Owns from Homewood, Pa., to
New Castle, Pa., 15 miles. Road m operation since 1860. Leased to
Pittsb. Ft. W. & Chic. RR. for 99 jrears at a rental of 40 per cent on gross

earnings. Lease transferred to Pennsylvania Company. There is

no debt.
In 1879. 13 per cent dividends were paid; in 1880, 13 p. c.; in 1881. 24
p. c.; in 1882,14 p. c.; in 1883, 29 p. c. Gross earnings iu 1883. $406,472
rental received, $162,588 ; gross in 1882, $365,493; rental received

16,210,211 17,166,797 17,635,531 17,920,544
$146,197.
$
$
$
$
Capital stock
6.670,331 6,670,331 6,670,331 6,670,331
New Haven Sc Derby.—Owns from New Haven, Conn., to Ansonia
Bonded debt (see Supp't). 8,147,000 8,649,000 8,757,000 8,903,000 Co' 111., 13 miles.
Capital stock is $447,100, of which New Haven city
Bills payable
247,081
659,688
597,132
591,499 owns $200,000.
New Haven City guarantees the $225,Ooo second
Bal’ce due individTs, Ac.
97,348 mortgage bonds, and has a claim of about $300,000 for interest a d
83,481
102,494
140,327
bit’st coupons due July 1
271,305
279,610
287,970 vaneed. In Oct., 1884, negotiations were pending between the company
283,740
Dividends.
13,981
63,014
15,082
21,942 and the city for an adjustment. Gross earnings in 1881-82, $166,402 ;
Pay-rolls, Ac....r
80,757
66,256
75,665
75,490 net, $78,389. In 1882-83; gross, $165,597; net, $75,505.
Int’st on b’ds held by U. S.
153,600
153,600
153,600
153,600
New Haven Sc Northampton.—Operated trom New Haven,
Miscelkui' ous
3,899
3,686
Profit and loss
542,675
513,393
948,167 1,115,678 Conn., to North Adams, Mass., 123 •< iles; branches—Northampton to
Williamsburg, 8 miles; lormiu ton Conn., to New Hart ford.Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Tariffvillo, Conn.,
16,210,211 1 7,166,797 17,635,53 4 1 7.920,544 1 mile; leased—Holyoke A Westfield RR., 14 miles; total, 170 miles.
~(V. 37, p. 75, 175, 293, 321. 374, 446. 563, 693; V. 38,
In April, 1881, a controlling interest in the stock was sold to Newr York
p. 87, 230,
Newr Haven A Hartford parties,
^59, 480, 595, 738 ; \ 39, p. 71, 209, 296, 323, 324, 435.)
Operations and earnings for three
past were as foliowrs :
Nashville Sc Decatur.—(See Map Louisville & Nashville.)— Owns
Gross
Net
Freight (ton)
Passenger
from Nashville, Tenn., to
Decatur, Ala., 122 miles. The road was Years.
Miles.
Mileage.
Earnings. Earnings.
Mileage.
leased May 4, 1871, to the Louisv. A Nashv. RR. for 30
144
years from
5,612,006
18.705.865
$751,614 $298,137
July 1,1872, at a rental of 6 per cent per annum on the stock. The
896,270
8,726,851
24.800.865
333,4*7
lessee assumed all the debt of the Nashville A Decatur Co. In
1882-83, 1882-83
860,047
9,052,680
25,328,564
266,191
Stoss earnings, $1,03i.231 ; net,
$380,207. In 1883-84 gross, $1,138,- —(V. 36, p. 80.)
MICE
-

...




.

Subscribers will

confer a great favor

DESCRIPTION.

of column headings, Ac., see
on tirst page of tables.

For explanation

by giving immediate

Miles
of
Road.

notes

[Yol. XXXIX,

STOCKS AND BONDS.

KAILROAD

58

Date
of

Bonds

Size, or
Par
Value.

discovered
in these Tables.
Bonds—Prinei
DIVIDENDS.

notice of any error

INTEREST OR

Amount

Outstanding

Rate per
Cent.

When

pal,When Due.

j Where Payable, and by

Payable!

Whom.

-

i
30

(reorganization)

Few Jei'ney A New York— 1 st mort.
F. J. So'uthern— 1st inert, (int. guar.

Long Brandi A Sea Shore. 1st
Few London Northern— Stock

78

by N.Y.A L.B.)
mort., guar

1st mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
/V. r. A Canada— 1st M., sterling, guar.

100
100
100
121

150
993

D.A H. (.'an.

Few York Central A Hudson miner—Stock
Premium bonds (N. Y. Central) ext. lOy’rs, ’83..
Renewal bonds
2d mortgage, sinking fund (Hudson River)
$30,000,000 coupon or
N. Y. C. A II.,
£2,000,000
mortgage
Debenture bonds, coup, or rev
F. Y. Chicago A St. L.—Stock ($22,000,000 is
1st mortgage, gold (for $15,000,00u) coup, or reg.
2d mortgage (foi£$ 10.000.000)

j

840
840

New York A Greenwood Lake.—1st mort.,
2d mort., income
Neie York A Harlem—Common stock

yearly)

income

by D. L. & W. (for

$5,000,000)

62
40

..

Preferred stock..1.
Consol, mort., coup, or reg., (for $12,000,000) —
F. Y. Lackawanna A Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered
2d mort., guar,

1865
1872
1880
1874

1873
1873
1884

523

514
514

156
132

1881
1883
1882
1880
1875

1872

213

I

I

200

200

600

200,000

1.000
100
lOOAc.
500 Ac.
1.000
£100 Ac
100
500 Ac.

1,500,000
300,000

1880
1883

387.500

812,000
4,000.000

89,428,300
6,450,000
2,391,000
1,422,900

1,000
1,000
1,000
1,000 Ac

6
6
7

$275,000
1,449,600

$500&c.
'

1853
1854

prof.)

Equip, bonds (principal payable $400,000
F. Y. Citg A Northern— General mort

1880
1879
1869

30,000,000
9,733,333
0,500,000

100

50,000.000

1,000
1,000
1,000

15.000,000

703,000

•

6

100

10,000,000

1*4

1,000

12,000,000

1,600

3,250,000

1,000

3,697,000
900,000

1,800,000
3,500.000

1910

;

*6*g.

1,500,000
11,100,000

4.000,000

Mercantile Tr. Co.

Cent.of N.J.Ottice July 15, 1899
Dec. 1, 1899
New York.
Got. 2, 1884
l%j
New London, Office.
Q.—J.
wept., 1885
A. A O. N.Y\, B’k of N. America
6
July, 1892
do
do
J. A D.
7
July, 1910
J. A J.;
do
do
5
May 1, 1904
6 g. M. A N.i London, Baring Bros.
.1%
Q.—J. i N. Y., Gr. Central Depot. Oct. 15, 1884
May 1, 1893
do
M. A N.
do
5
Dec. 15,1887
J. A D.
do
do
6
June, 1885
do
do
J. A I>.
7
Jan. 1, 1903
J. A J
do
do
7
1. 1903
o g. J. A .7. New York and London. Jan.
U. A 8. N.Y., Gr. Centr’l Depot. Sept. 1, 1904
5

7
6
7
7
4
1
7

500 Ac.
100 Ac.
100 Ac.
50
50

M A N.iN.Y.,
J.- A J. N.
J. A D.

Stock*—Last
Dividend.

6 g.
5

J.
M.
J.
' M.

A D.; N.Y., Union Trust Co.
A S. N.Y., Gr.central Depot.
A J. N. Y., Metrop’tan N. lik.

A
F. A

M. A
J. A
J. A
M. A

N.jN. Y., Company’s Ollice.

A.iNew York, Co.’s Office.
8.
do
do
J. N.Y.,Gr. Central Depot.
J.i
do
do
N.
do
do

Q.-J.
J.

1

N. Y. by I). L. A AV.

A J.i

F. A

A.j

do

do

do

do

Dec. 1, 1921
Mar. 1, 1923
1885 to’94

May

1. 1910

July 1, 1884
July 1, 1884
Majr, 1900
Oct. 1, 1884
Jan. 1, 1921
Aug. 1, 1923

l

the profits were iusullicieut to pay the 8 per cent dividends, and the
lork.-Owus from Hackensack, N. J., to" deficit was $1,401,608. In 1882-83 the surplus over dividend payments
Stony Point, N. Y., 25 miles; leased. Nanuet A New City.RK. 5 miles; was $179,025. The large decline in the stock in 1883-4 was partly owing
Hackensack RR., 0 miles; Garnerville RR., 1 mile; total operated. 37 to
general depression, but also to the fact that the New York West
miles. Organized Sept. 4, 1874, by consolidation of the Hackensack A Shore Sc Buffalo road, as a closely parallel line from New York to Buffalo,
New York RR. and the Hackensack 4c N. Y. Extension Railroad; re¬ threatened to compete sharply for both through and local business.
ceiver appointed in 1877, and the two roads were separately foreclosed.
The fiscal year ends Sept. 30.
For the nine months ending June 30,
The present company was formed on reorganization in April, 1880.
18*4. gross receipts were $20,985,780; net; $7,852,840; surplus fpr
Stock. $2,000,000 common, $800,000 preferred. Gross earnings in dividends. $3,667,840;
dividends paid iu nine months (6 per cent)
1882-83, $223,884 ;net, $20,958. V. L. Lary, President, Jersey City.
$5,365,600.
Annual reporfcfor 1882-3 was published in the Chronicle, V. 37, p. 693,
New Jersey Southern.—The road extends from Port Monmouth,
Sandy Hook, to Ateo, 70 miles, with branch from Eatontown to Pt Mon¬ aud a later balance sheet showing floatiug debt, Ac., was in V. 39, p. 264.
Year
•
*
Net Income, Divimouth, 9 miles. The property was sold iu foreclosure March 31, 1879 (see
Freight (ton)
Gross
over exp., dends,
Chronicle. V. 28, p. 352), and the present company was organized July .ending Passenger
.Mileage.
Receipts, int.A rents, p. o. Surplus.
25, 1879. The capital stock is $1,590,000. The property is subject to Sep. 30. Mileage.
1879.290,053,253 2,295,825,387 $28,396,583 $7,594,485 8 $454,957
ea ShoreouRailroad.
This latter bond is endorsed by the United 1880.330,S02,223 2,525,139,145 33,175,913 10,569,219 8 3,427,736
754,484
Companies of New Jersey. The above mortgage is for $1,590,000, of 1881.373,708,980 2,646,814,098 32,348,395 7.892.827 8
whicli $1,449,000 have interest guaranteed by the New York & Long 1882.432.243,282 2,394,799,310 30.028,781 5,743.904 8 *1,401.608
179,024
Branch Railroad by endorsement of the bonds, and the Central of New 1883.429,385,561 2,200,896,780 33,770,722 7,327,156 8 Deficit.
Jersey agreed to assume those bonds. The road is now operated as a
-(V. 38, p. 113, 240. 250. 738, 203; V. 39. p. 264, 265, 381.)
part of the Central New Jersey system.
New York. Chicago Sc St. Louis.—(See Map Lake Sh. A M S.) New London Northern.—Owns from New London, Conn., to
Buffalo, N. \\, to Grand Crossing, Ill., 514 miles; Grand Crossing to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and Chicago (leased), 9 miles; total, 523 miles. This Company was formed
others. This road has been operated since Dec. 1, 1871, under lease to in 1881 and became known as the “Nickel Plate.’’ Of the stock
the Central Vermont Railroad; the lease was for 20 year's at $150,000
$22,000,000 is preferred 6 per cent.
In October. 1882, the sale
per year, and $15,000 for each additional $100,000 of earnings over of a
majority of the stock to a syndicate took place, including 124,800
$510,000 per year. Consolidated mortgage bonds issued to retire all shares of common stock aud 140,500 preferred, at the respective prices
other funded and floating debt and to pay for branch recently pur¬
(as reporte 1) of 17 and 37.
The Lake Shore Sc Mich So. owns this stock.
chased from Vermont A Massachusetts RR.
The quarterly report for three months ending April 1 and July l, with
New York Sc Canada.—Owns from Whitehall, N. Y., to Rouse’s balance sleet, was in V. 38, p. 646, and V. 3t), p. 182, 209.
The. floating
[ oint, N. Y., 113 miles; branches: Tieomleroga, N. Y., to Baldwin, debt June. 30 was $3,027,043, and was probably secured largely by the
N. Y., 4 miles; Plattslmrg, N. Y., to Ausabie, "N. Y., 20 miles; West pledge of second mortgage bonds, as only $703,000 of the latter were
Chazy to Province line, 13 miles; total operated, 150 miles. The whole reported as outstanding.
line was completed Sept. 18, 1870. The road is leased and virtually
The report (earnings only) for year 1883 was in tlie Chronicle, V. 38,
owned by the Delaware A Hudson Canal Company, which guarantees the p. 570. The rep >rt for year ending June 30, 1881, to Illinois Commis¬
bonds.
The stock is $4,000,000. Earnings 1881-82, gross $705,550; sioners showed the following, compared with nine months to Juno 30.’83 :
net, $195,131 ; loss to lessees, $41,303. In 1882-83, gross, $717,007;
1884.
(9 morf.)
net, $110,793: loss to lessees, $118,131.
Gross
earnings
$2,987,540
$(,645,516
New York Central Sc Hudson.—Line of Road.—Owns from
Now York City to Buffalo, N. Y., 412 miles; branches on New York
Operating expenses
2,073,135
I 908,999
Central division, 298 miles; total owned, 748 miles; lines leased—
Net
earnings
$914,404
$136,517
Troy A Greeenbush, 0 miles; Niagara Bridge & Canandaigua, 98 miles;
1,350,324
574.521
Spuyten Duyvil Sc Port Morris, 0 miles; New York A Harlem, 127 miles; Interest
Lake Mahopae, 7 miles; total, 245 miles; grand total, 993 miles. The
Deficit
$435,920
$438,003
second track owned is 508 miles; third track, 317 miles; fourth track,
298 miles; turnouts, 500 miles—making a total of 2,084 miles of track -(V. 37, p. 23. 445, 719; V.38, p. 261, 270, 646; V. 39. p. 182, 209, 381.)
owned by the company.
New York City Sc Northern.-Owns from 157th Streojt in 8th
Organization, Ac. -This company was formed by a consolidation Avenue, New \rork City (connecting with Metropolitan Elevated), to
Brewsters, N. Y\, and blanch, 54 miles. This company was organized
of the New York Central and the Hudson River railroads Octobei
1,1869. The New York Central was a ccusoli lotion of seveial roads March 1, 1878, and acquired'the N. Y. West. A Putnam (formerly the
under a special law of April 2, 1853. TJfe Albany & Schenectady Rail¬ N. Y. A Boston Railroad), sold m foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side A Yonkers road for 999 years,
road, opened September 12, 1831, as the Mohawk & Hudson, was the
first railroad built in the State of New York. The Hudson River Rail¬ aud the consolidated mortgage was issued to take up all the other bonds,
road was chartered May 12, 1846. and road opened October, 1851. The of which $261,000 under a prior mortgage were outstanding Nov. 1,
1883. Stock is $2,990,000. Default was made in interest due May 1,
Athens Branch (Sardoga & Hudson River) was leased iu Nov., 18S1,
1882, and foreclosure is pending
See proposed plan of reorganization,
for 475 years to the New York West Shore Sc Buffalo, and the rental for
V. 36. p. 366, 690.
Gross earnings in 1881-82, $237,664 ; net loss,
whole period commuted for $400,000.
$71,110. Gross iu 1882-3, $332,152; net, $4,788. (V. 37, p. 342, 667;
Stock and Bonds.—The famous scrip dividend of 80 per cent on the
V. 38. p. 87. 203, 230, 595; V. 39. p. 182.)
capital stock of the New York Central was made iu December. 1898.
New York Sc Greenwood Lake.—Owns from Jersey City, N. J.
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
to Greenwood Lake. 43
miles; branches — Riugwood Junction to
further dividend of 27 per cent was distributed ou the New York
Ringwood, 2 miles; North Newark to Orange, N. J.. 8 miles; total, 58
In Nov¬ miles.
Centra! stock and 85 per cent on the Hudson River stock.
This was the Montclair Railroad, opened iu 1874. It was sold
ember, 1879, 250,000 shares ($25,000,000) were sold to a syndicate and reorganized as Montclair A Greenwood Lake, and again sold
of bankers by Mr. W II. Vanderbilt at the price of 120, and 100.000
October 12, 1878, and the present company organized. The New York
shares more afterwards. Dividends of 8 per cent per annum had been
Lake Erie A Western purchased a controlling interest in the property
paid since 1868, but in Oct., 1884, the quarterly dividend was reduced aud uow operate it. The holders of the second mortgage bonds have
to 1 hi per c« nt.
Prices of stock since 1870 have been.; In 1871, 84l4@ a right to pay off the first mortgage bonds of $900,000 at 105, and thus
1035b; in 1872, 895)1017«; in 1873. 7778a'1001g; in 1874. 955)105^; gain control of the property. The stock is $100,000 ; advances due to
in 1875. 1005)107^; in 1876. 965)117Jg; in 1877,8545)1094; 1878,
the Erie and to Cooper A Hewitt $164,711.
In 1881 the net deficit on
10345)115; iu 1879, 1125)139; iu 1*80. 1225/155:%; iu 1881,1304
operations was $4l,u03; net earnings in 18*2 $20,411. In 1*83, net
@155; in 1882, 123r%5>138; iu 1883,11145 1294; in 1884 to Oct. 17. earnings,
$6 475. Abram S. Hewitt, President. (V. 38,.p. 704.)
8945122.
New York Sc Harlem.—Owns from New York City to Cnatham
The m*'rtgave for $40,000,000 was issued to lay the third and fourth
N. Y., 127 miles.
From Chatham to Albany, 24 miles, theBost. A Alb.
tracks, with a balance f. r further improvements. ' The 6 per cent bonds RR. is used.
This company owns 5L> miles of street railroad—the
falling due in 1883 were extended for lO years at 5 percent. The deben¬ Fourth Avenue line. The property (except the horse railroad) was leased
ture bonds of 1884 were issued lor floating debt $ ',500,000. and the
April 1, 1873, for 401 years, to the N. \\ Central A Hudson Ri\er RR-»
balance held to pay off maturing bonds of 1885 and 1887. Any new
at a yearly rental from the lessee of 8 per cent dividends on the slock and
mortgage issu d prior to 1902 must include these debentures.
interest ou the bonds.
The Fourth ave. horse railroad, together with
Operations. Finances. Ac.—The New York Central &
Hudson the
valuable real estate, was retained by this company, ami extra dividends
River bur. been conspicuous among the trunk lines, in not branch¬
are paid out of the receipts therefrom annually in April.
All operations
ing out and
taking leases of lateral roads or extensions, but iir of the main road are included with those of the N. Y\ Central A Hudson.
placing a heavy outlay of capital on the main line from Buffalo —(V. 39, p. 265.)
to
Albany for the four trucks.
Diming the period of depression
New York Lackawanna Sc Western.- From Binghamton to
after
1873. when for a- time the Pennsylvania Railroad and Bal¬ Buffalo aud International Bridge, 213 miles, built under the auspices oi
timore Sc Ohio bad suspended cash dividends, this company still paid
Del. Lack. A West. Opened Get., 1882, and leased to Del. Lack. A West,
8 per cent a year by means of its rich local traflie and small liability
for 99 years, with a guaranty of the bonds and 5 p. c. yearb' on the stock.
The operating expenses have varied widely in The latter guaranty is written n<-ross tne face of the certificates and signed
for rentals or interest.
different years, and the profits depend very much upon harmony among
by the D. L. A W. officials. iV. 37, p. 68; V. 38, p. 332, 705; V. 39,1>. 493
the trunk lines ami maintenance of rates. In the tiseal year‘lSSl-82
New Jersey

Sc

New

.

f120,000




the Tom’s River RR. and $200,000 on the Long

Branch A

*

.

Subscriber* will confer a great

explanation of column headings, fee., see uotes
on first page of tables.

Miles
of

Date ' Size, or
of
Par
Road. Bends. Value.

.

5th mortgage, convertible
Buffalo Branch Boncw

Long Dock Co. mortgage
:
1st consolidated mortgage, gold

.

funded coupon bonds.

do

Reorganization 1st lien bonds, gold

N. Y. L. E. A W., 2d consol, mort., gold
income bonds (non-cum.)
do

Collateral Tr. bonds, red'ble at 110 on 3 m.
New York <&Long Branch—Stock

notice

1882
380
263

2d mortgage (for $5,000,000)
Car trust cert i ricatea
Debts for terminal property and notes
New York New Raven d Hartford—Stock
Mortgage bonds, reg. (for $5,000.00. )
Harlem & Portcliester. 1st mortgage guaranteed.
do
do
2d mort.. coup, or reg
New York Ontario <1 Western—Preferred stock
Coinmou stock

.

1876
1832
1882

257
123
12
12
4*2 L

500 Ac.
100 Ac.
1.000

1,000
500 Ac,
1.000
500 Ac,
300 Ac.

1.000

1883
1873
1881

m

m

m

m

•

•

•

•

1,000
1,000

ioo

....

421

miles; Jefferson RR.. 37 miles; Buf. Brad. A Pittsburg aud extension, 78
miles: Buff. N. Y. A Erie, 140 miles: Suspension Bridge A Erie Junction,
23 miles; Rochester A Genessee Valley. 18 miles; Avon Gen. A Mount
Morris, 17 miles; Pat. A Hud.. 15 miles; Pat. A Ram., 15 miles; Loekport
A Buf., 13 mile* : Buf. A Southw., 68 miles; controlled—Newark A Ilud.,
6 miles; Weelmwken N.Y. A Ft. Lee. Smiles; Northern of N. J., 25 miles;
N. Y. P.-un. A Ohio and branches, 587 miles; total operated, 1,660 miles.
On May 1, 1883. began to operate the New York Pennsylvania A Ohio
under lease, and on May 14. 1833, the Chicago A Atlantic road was
Opened from Marion, Ohio (on tiie New York Pennsylvania A Ohio), to

Chicago, 268 miles, and under control ol N. Y. Lake Erie A West, gave a
complete line from New York to Chicago.
Organization, I,eases, Ac.—The New York A Erie RK. was chartered
April 21, 1832, aud the State of New York loaned the company $3,000,000, and after financial difficulties the road was opened to Dunkirk, the
Western terminus, April 22,1801. The company defaulted ami reor¬
ganization was made under the name of Erie Railway Co., June 25,
1861, the preferred stock heiug then issued for certain obligations. The
Erie Railway defaulted op its bonds in 1875, and was sold in foreclosure
under the second consolidated mortgage in 1878. The present com¬

Under the
pany was organized and took possession June 1, 1878.
pi m of reorganization the common stock paid a cash assessment cf $1
per share aud preferred stock $2 per share. Onc-lialf of the stock was
issued to “ Voting Trustees ” in London, who voted until the dividend
on the preferred slock (6 per cent) had been paid for three consecutive
years (viz..J;m. 1881).
Stuck and Bonds.—Preferred stock has a prior right to 6 percent
(uon-cumulative'i from the net profits, “as declared by the board of di¬
rectors,” and in Jan., 1883, it was decided by the U. S. Circuit Court that
when sufficient earnings were shown the d.Vidend must be paid.
Prices of cam. and prof, stock since June, 1878, have, bee a as follows:
Common—In 1878, 7rv</-22U ; in 1879. 21 ys« 49; in 183>), 30« 51 be in
1881, 39‘-V«527r<; in 1882, 331ifc43%; in 1883, 26V«'407«: hl 1884
to Oct. 17, 11d 28:,sPreferred—In 1873. 211avi-38; In 1879, 371s@
78 Hj: in 1880, 47 d '.*3 b>; in 1881.80 Vj n 96bi; in 1882, 67 #SSl4; in 1883.
72/z83: in 1884 to < let. 17, 20« 71.
The funded coupon bonds are secured by lien of consolidated

On the second mortgage and second funded coupon no
take p’&ce rill six successive coupons are in default,
one oonpoi. must lie paid before any part of a subsequentcan

In 1882 the reorganization first lien bonds dated 1878
laying double track west of Hornellsville to complete the douMo track throughout. These bonds rank
next to the 1st consol, mort, and its funded coups.
In 1883 the eollat’l
trust bonds were issued, amounting to $5,000,000 (the U. S. Trust Co.
trustee), secured on a number of different stocks and bonds owned by
the company, as enumerated in V. 38, p. 509. and redeem able at 110
were

paid.

issued to procure money for

three months’ notice.
Operations, Finances, Ac.—The income account for three j ears
Showed a considerable surplus over fixed charges, but the position
on

so decidedly changed by the additional outlay
of charges. * and acquisition of new properties,
(particularly the new lines in 1883, that the past record furnished little
guide for the future'. In 1883-34 the income fell oti largely, and there
was a deficit below the inrerest requirements, and the coupon ot June,
1884. on the 2d consol bond-, was passed. A balance sheet as of June

'of the company has
of capital, increase

30,

1884, was in V. 39. p. 265.

30. 1883, gross earnings were $19,533,060, against $20,189,112 in 1882-3: net, $4,390,681, against $6,320,252.
The annual report for year ending Sept. 30. 1883, published in tile
Chronicle. V. 38, p. 329, had the following:
For eleven months from Sept.

OPERATIONS AND FISCAL RESULTS

Operations—

Passengers carried

..

1879-30.
5,491,431

Passenger mileage... 130.460.204
Rate p. pass. p. mile.
2 011 cts.
Freight (tons) moved 8,715,392
Freight (tons) mU’ge.1721112095
Av. ratep. ton p.mile
0-836 cts.
Earnings—
$

Passenger
3,682.951
Freight
14,391,115
Mail, expr’s,rents,Ac.
619,042
Total gross earu’gs. 18,693,103

Operating

expenses.

11,643,925

1331-82.
1882-83.
6,784.195
6,934,724
200,483,790 225,130,883 247,147,117
1*947 cts.
2'016 cts.
1969 cts.
11,086,823 11,895,238 13,610.623
1984394855 1954389710 2306946892
0-805 cts.
0 749 cts.
0*780 eta.
$
$
$
1880-81.

0,141,158

4,041,267
15,992,275

4,384,510
14,642,123

682,063

949,136

20,715,605
13,256,230

4,632,229
17,213,6:1
956,396

19,975,774 22,802,246
13,088,093 15,444,583

7,049,183
7.459,375
6,887.681
7,357,603
c. op. exp. to cam's
62*29
64 00
67*73
65 50
The statement of profit aud loss include* ’'umerous items, and refer¬
ence should be made to the table in V. 33. p. 329, of which the totals are
follows for the fiscal years ending Sept. 30, 1831. 183*2 and 1883:




Cent.

6
7

5 g.
4 La
5 g.
7
7
7
7 g.

2.500.000

6 ff.
6 g6
6

11880--3232.

508.008

5,000.000

2,000,000
1,500,000
18,120,000
10,000,000
3,000,000
1,400,000
3,8 49,000
15,500,000
2,000.000
2,000,000
1.000,000
2,000,000
58.113.982

When

7 g.

Where

1 Bonds—Prmoi;

pal,When Due.'
Stocks— Last
Divideud.

Payable, and by
Whom.

Payable

N.Y., 19 Cortlandt St.
A N.
do
do
do
do
A S.
do
A S.
do
do
do
A O.
A D.
do
do
do
do
A J.
do
do
A D.
A 8. New York aud London.
do
do
A 3.
do
do
A N.
do
do
A D.
do
do
A D
do
do
A N.

Jan. 15.1884

Yearly.
M.
M.
M.
A.
J.
J.
J.
M.
M.
M.
J.
J.
M.

May 1, 1897
Sept. i, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888
July 1. 1891
Jan. , 1893

Sept. 1, 1920
Sept. 1. 1920
Dec.
Dec.
June
Nov.

1, 1908
1. 1969

1, 1977

1, 1922

....

N.

5
6 A 7
6
6
4
5
4
6 A 7
4
12

Y., 119 Liberty St.
Jan., 1905

J. A J. Best.,Trc asmer’s Office.
do
do
F. A A.
A. A O.

Various!
J. A J. N.Y., Grand C'en. Depot.
do
do
J. A D.
do
do
A. A O.
do
do
J. AD.
•

Aug. 1, 1902
1883-92
1883-92

July 1, 1884
June 1, 1903
1903
June 1. 1911
March 1, 1883

-

1831.

$8,303,681
6,416,263

Total income
Total debits

1882,

$7,66«»,335
6,501,693

1883.

$8,234,463

6,968,978

$1,265,485
Surp.iuc. over int. A all charges $1,887,417
$1,166,642
—(V. 38. p. 87, 203. 329, 359. 373, 388, 424, 439, 455, 495. 509, 595,
646, 691,706, 721. 73* : V. 39, p. 33,48, 157, 182, 209, 234, 246, 265,
277, 297, 324, 349, 409. 421. 435.)
New York Sc Long Dranch.—'The following-named companies
were consolidated on December 21, 1881: New York A Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; Now Egypt A Farmiugdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt IIR., from Ocean Beach to Sea Girt, 3; New York A Long
Branch Extension RR., from Sea Girt to Point Pleasant, 3 ; Long
Branch A Barnogat Bay RR., from Point Pleasant to Bay Head, 1;
total length. 38 miles.
The Central RR. of New Jersey holds a ma¬
jority of the siock, and by contract of Jan. 3, 1882. the Penn. RR. and
Central of N. J. agree to pay 32 p. et. of gross traffic—$206,000 per year
as a minimum to $240,000as a maximum. When thePhila.A Read hawed
the Central of N. J., litigation was begun to deprive the Penn. RR of
further use of this route, but a compromise was ma !e. Gross earn¬
ings for the year 188:; were $514.390 and deficit on operations $35,383.
Interest charge. $90,000 and dividend of 134 percent $35, (.00, making
total deficit. $1 00,383. (V.37, p. 343 ; V. 38, p. 679.)
New York A New England.—The mileage owned is as fol¬
Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3

lows:

miles; Providence to Willimantic, 58 miles; branches—Newton. Mass.,
to Woonsocket, R. I., 28 miles; East Thompson, Conn., to Southbridge, Mass., 17 milesElmwood to Dedham, Mass., 1*2 miles; Charles
River to Ridge Hill, Mass., 2 miles; Dorrauee Street, in Providence,
1 mile; total owned, 326 miles.
Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34
miles; Norwich A Worcester RR , 66miles; total leased, 119 miles; also
lias running arrangements ov-r 26 miles more.
Total, 471 miles.
The former Boston Hartford A Erie Railroad became insolvent and was
succeeded by this company, formed in 1873. The Boston Hartford A
Erie’s principal debt was the Berdcll mortgage for $20,000,000, which
was made exchangeable into the stock of this present company.
In

1878-9 the company acquired the Hartford Prow A Fislikill RR. by the
payment of its bonds. In June, 18S2, $5,000,000 new bonds were
authorized, and stock owned by tin* State of Massachusetts was sold to
the stockholders at-50 per cent, while the second mortgage bonds to
the amount of $1.737,000 were issued to the. State of Massachusetts.
On January 1. 18^4. the company was unexpectedly thrown into the
handset' a receiver on application of the new President-, Mr. C. 1*. Clark,
who was appointed the receiver. The proposed financial plan is to issue
new preferred stock for $5,000,000, and to use the
balance of 2d mort¬
gage bonds unsold ($2,000.d»>0) on which a vote was given at the meet¬
ing of stockholders Oct. 6, 18a4. See V. 39. p. 409.
On the completion of the line to Fislikill on the Hudson and the trans¬
fers there from the Erie and West Shore roads in 18S3. the business was
large, but it was not profitable, as this road, without complete, double
track, Ac., was not prepared for it, and the receiver cut oti temporarily
in 1883 most of the non-paying through traffic.
Gross earnings for eight months froth Jan. 1, 1884. were $2,168,510,
against $2,377,29 3 in 1883; net, $438,905, against $361,601 in 1883.
The operations of the Norwich A Worcester road are kept separate.
See annual report for year ending Sept. 30, 1883, in V. 37, p. 593. Oper¬
ations, Ac., for three years past were:
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earning* Earnings.
325
46.738,566
64,562,865 $2,692,374 $850,876
55,853,672
103,668,653
3,268,810
909,194
380
53,815,074
153,213,910
3,568,652
555,037
—(V.38,p. 1,30, 60, 148, 203, 230, 295,332,379,424, 456.540,679,706,
764; V. 39,p. 22,157, 234, 265.409. 435.)
New York New* Haven Sc Hartford.—Owns from Harlem June.,

123 miles; branches to New Britain, Middleleased—Harlem A Portcliester RR., 12 miles;
Shore Line RIl., 50 miles; Boston A New York Air Line and branch, 54
miles; total operated; 257 miles. This was a consolidation Julv 24,
1872, of the New York A New Haven and the Hartford A New Haven
railroads. The company uses the N. Y. A Har. RR. from Williams bridge
into N. Y. City and pays a large rent .therefor.
The company leases the
Har. Riv. A Port. RR. and guarantees the bonds.
In Nov., 1882. the
lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an¬
num on the preferred stock was made.
In Sept., 1882. the stock of the
Hart. A Conn. Yak road was purchased. In April, 1881, a controlling in¬
terest was bought in the N. TIaven A Northampton RR. stock, by parties
in the interest of this company.
In 1883 the mortgage for $5,000,000 at
4 per cent was authorized, to be issued as required in making improve¬
N. Y., toSpringtleld. Mass..
town andSuffield, 18 miles,

Fiscal year ends September 30.
since 1381 include all lines. Gross receipts from all
and net income over rentals and all charges, have been as follows:
Passenger Freight (ton)
Gross
Net
Div.
Miles.
Receipts.
Income, p. c.
Mileage.
Mileage.
203
185,261,407 117,459,231 $5,937,803 $1,699,688
10
257 196,380,629 131,051,703
6,729,374
1,583,183 10

ments on the

main line.

Operations

sources,

Years.

Net earnings
P.

Rate per

2,149.000
4,618.000
2,9*26,000
709,500
182,600
3,000,000
16.890,000
3,704,628

33,597,400

1,000Ac
1,000
1,000

burg. 18 miles: Buffalo. 60 miles: Erie International HR., 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery A Erie RR.,
10 miles; Goshen A Deekertown, 12 miles; Newburg A New York.
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Honesdale, 24

but all ot
coupon is

8,134,800
2,482.000

1,000
1,000
1,000
1,000

New York hake Erie Sc Western.—Line of Road.—This
company operates a
system of nearly 1,900 miles of railroad,
requiring a map to show plainly the teriitory occupied. From Sufferns,
N. Y., to’Dunkirk, N. Y.,430 miies: branches—Piermont. 18 miles; New¬

mortgage.
forech sure

Outstanding

100

1847
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
1882

33

v

Mortgage bonds
.“
N. Y. (t N. England—Stock ($20,000,000 auth’rized)
1st mortgage ($6,000,000 are 7s)

Amount

$100 $77,150,600

1,660
1,660

1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d mort., (extended 40 years at 4*2 p. et)
4th mort., conv. (extended in 1880 at 5 per cent)

do

discovered in these Tables.

INTEREST OR DIVIDENDS.

N. Y. Lake Eric & West.—Stock, common
Preferred stock
.

59

BONDS.

lavor by giving immediate notice of any error

DESCRIPTION.
For

AND

STOCKS

RAILROAD

October, 1834.]

—(Y. 38, p. 59, 595.)
New* York Ontario Sc Western.—Owns from

Middletown, N. Y., 249 utiles; branches to

Oswego, N. Y., to
Courtlaud, N. Y., 48 miles

RAILROAD

60
Subscribers will confer

a

first page

of tables.

Date
Miles
Size, or
of
of
j
Par
Road. Bonds

gold,$A£

letmort., gold, incomes till July, 1895,
2d mortgage, incomes. $ A &
3d mortgage, incomes, $ A .£
N.Y. Pittsburg d Chic— 1st M., gold ($18,000 p. in.)
N. Y. Prov. d Boston— (Stonington)—Stock
First mortgage
1st mortgage
N Y. Susqueh.d Western—New mort., gold
First mortgage, Midland of New Jersey

427
460
460
460

1880
1880
1880
1880
1881

....

72

....

50
12

1869
1881
1881
1880
1881
1882
1882
1881
1883
1882

114

72

Mortgage, gold, on Paterson Extension
Debenture bonds
N. Y. Tex d Mex— 1st M.. gold, 1. g. (for $8,000,000)
N. Y. West Shore d Buffalo—1st M., gold, coup. A reg.
W. Shore & Out. Terminal Co., 1st M., gold, guar.
N.Y. Wood. d Roc!:.— 1st mortgage (for $000,000)
..

Niagara Bridge d Canandaigua—Stock
Norfolk d Southern—1st mortgage, gold
2d mortgage, income (cumulative)

Sinking fund debenture certificates
Norfolk dt Western.—Common stock
Preferred (0 per cent) stock
General mortgag, gold (for $11,000,000)
1st M.,gold, on New Riv. div, (cp., but may be rg.)

18-23.

Cm* trust

....

....

463
....

16
100
75
75

'

3d

do

do

.

....

1

1880
1881
1881

$500Ac.
! 500 Ac.

506

Ac.
500 Ac.
500 Ac.
100

1,000
1,000
1,000
500 Ac.

1,000
500 Ac.
500

l,000Ao
1,000Ac
1,0.00
....

1,000
1,000
1,000

503

j

428
80
558
81
133
133
133

j

j
j

j

1881
1882
Var’s
1883
1884
1868
1866
1866
1866

....

1.000

1,000
....

1,000
1,000
200 Ac.

200 Ac.

holders of both stocks.
In September, 1881, agreements were made with the New York'West
Shore & Buffalo road. Preferred stock to receive 6 per cent (non-cumiiTative) from net earnings; surplus goes to common. In March, 1883,
dividends for two years were paid on preferred stock. (See terms of
alliance with the New York West Shore A Buffalo below under title of
that company).
In July, 18.-4, an English committee examined into the affairs of the
company, and effected the following important changes as per their
report in V. 3:>, p. Is2, viz.: 1. The guarantee of $ .00,000 per annumhas been canceled, the only obligation being the payment of 25 per cent
of the local and West Shore train earnings, which amounts at present to
about $200,000 per annum.
2. The Ontario Co. is not to pay 25 per¬
cent of its own traffic, but retains the whole of the earnings from its

traffic

coming from noith of Middletown (which at the present
$200,000 per annum, and is increasing), until the gross
earnings from ; 11 sources on the section exceed $2,00a,000 per annum.
3. The question tf the allowance of GO cents per train mile for West
time exceeds

Shore trains over the leased line has been arbitrated before Mr. Albeit

Fink, the Trunk Line Commissioner, and the committee have the satis¬

faction to report that the arbitrator has reduced that allowance to 37
cents per mile for passenger trains of live cars and 51 cents ftp* freight
trains of 30 cars.
The remedies proposed state that $100,000 would put the cquiomeul
in good condition, and the floating debt is $1,595,000. Tin* [dan is to

this off by authorizing $4,Ov 0,000 of 5 per con* first mortgage
bonds, $2,000,01 0 only to be issued at present. A majority of common
and preferred stockholders must assent to this issue of bonus in writing,

pay

and the committee has sent blanks to the holders.
In the year ending Sept. 50, 18^3, gross earnings,were $1,357,778
and net $159,702. In 1881-82, gross, $1,036,564; net, $188,291. (V.
37, p. 719, 87, 146, 148; V. 38. p, 230, 359, 883, 571 ; V. 39, p. 22, 182,

324.)

Nexv York Pennsylvania Sc Ohio.—Owi.s from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—Franklin June, to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned,
423 miles. Leased lines—Cleve. A Mahon. RR., Cleveland, ()., to Pa. Line,
and branch, 81 miles; Niles A New Lisbon RR., Nflcs to New Lisbon, 36

miles; Liberty A Vienna RR,, Vienna Juuctitrii to Vienna, 8 miles ; Ohio
Line to Sharon, Pa., 2 mile; Sharon R’jr, and extension, 15 miles;

Youngstown Branch, 4 miles; total, operated, 570 miles. Changed to
Formerly Atlantic A Great Western Rail.way. Sold July 1, 1871, and leased to Erie on May 1, 1874, but lease
not carried out.
Again sold Jan. G. 1880, and reorganized by a London
standard gauge June, 1880.

committee of stock and bond holders. (See V. 30. p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capitalized
in bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until June 1, 1895, the right to foreclose
the mortgage is suspended.
O11 the second and third mortgages there
is no right to sue the company or to foreclose. The stock is—preferred

$10,000,000; common, $35,000,000.
From May 1, 1883. leased to N. Y. Lake Erie A Western. The rental
will be 32 per cent of all gross earnings up to $0,000,000, aud 50 per
cent of all gross earnings above $G,000,000, or until the gross earnings
are $7,2u0,000, aud then 35 per cent of all earnings.
But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made up without
interest out of the excess in any subsequent year. Out of the rental
paid, the N. Y. P. A O. has to pay its interest audrentals, and for five
years a payment of $2G0,000 a year to the car trust.
(V. 37, p. 375,
422; V. 38, p. 374.)
New York Pittsburg Sc Chicago.—This was the projected line,
from Red Bank, Pa., to Huntington, Ind.. aud to Chicago, forming a west¬
ern connection for the Central of N. J.
The company was building from
Wampum, Pa., to Marion, O.. 165 miles, and the whole route was to ex¬
tend fro-.. New York City to Marion, O.
Henry Day, N. Y., is trustee
of the mortgage, and Gen. J. S. Neglev, Pittsburg, is President.
BoKi-on.—Owns from Providence. R.

I., to Groton, Conn., G2 miles; Warwick RR., 10 miles; operates also
Paw'tuxet and Pontiac branch roads, 10 miles; total operated, 82 miles.
Owns a unyomy interest in the Providence A stonington Steamshij
Line, which has a capital of $1,400,000. Operations aud earnings for
two years past were :
Passenger
Freight (ton)
Gross
Total net Div.
Years.
Miles.
Mileage.
Mileage
Earnings.
Income.
p. c.
72
23,83G,502
14.700,005 $1,0G5,650 $375,079
8
.72
8
27,01G,757
15,384.287 1 133,445
419,139




.

Whom.

i

!

6
7
5
5

$8,000,000
39,342,000
14,500,000
50,000,000
(?)

Dividend.

1

M. A S. London and New York. March i, 1895
:J. A J.,
do
do
July 1, 1905*
g. M. A N.
do
do
May 1, 1910
g. M. AN.
do
do
Nov., 1915
6 g. J. A J.
New York Agency.
July 1, 1921
2
: Q.—F. ,N. Y., Central Trust Co. Aug. 11, 1884
7
J. A J.
do
do
July 1, 1899
4
A. A O.
do
do
April 1, 1901
6
J. A J. N. Y., Nat. Park Bank.
July 1, 1911
6
A. A O.
do
do
April 1, 1910
6
I. A D.
N. Y., 93 Liberty St.
1911
6
Aug- 1, 1897
6 g. (A. A 0. New York A London.
Oct. 1, 1912
5 g. ,J. A J. New Yora or Loudon.
July. 1931
5 g.
Aug. 1, 1923
j F. A A. j
do
do
6 g. jJ. A J.i
Jan. 1, 1902
Treasurer’s Office.
; A. A O. N. Y., Cent. RR. Office.
3
Oct, 1, 1884
6 g.
M. A S. N. Y., Mercantile Tr. Co. Sept. 1, 1920
6
Jan. 1, 1970
| Yearly.;
6
A. A 6. N. Y., Mercantile Tr. Co. Oet. 1, 1892

3,000,000
1,000.000

300,000
2.500,000
3,500,000
250,000
600.00a

g.
g.

.

3,000,000
50,000,000
4,117,000
395,000
1,000,000
900,000
1,000,000
250,000

15.000,000 3^2 scrip Q.— Mcb;
6 g. M. A N.|N. Y. and Philadelphia.
6,699,000
6 g. A. A 0.; N. Y., 34 Pine Street.
2,000.000
1,742,473
Monthly
6 g. |F. A A. Compy’s Agency, Phil a.
1,500,000
6
J. A J. |
525,000
Philadelphia Office.
8
J. A J. N.Y., Union Nat. Bank.
496,000
8
J. A J.j N. Y.,Nat. Park Bk.
603,000
6
J. A J. •488,300
Petersburg, Va.
6
J. A J.
do
do
452,800
.

500

paying any assessment, and the holders ot receivers’ certificates taking
preferred stock. The terms of reorganization forbid the placing of
a mortgage ahead of these stocks, except by consent of a majority o

Providence A:

1 Pay able

1

■

1,000

new

Work

Cent.

0,975,900}
....

miles to Delhi 17 miles: to Ellenville, 8 miles;'
leased—Middletown to Cornwall aud thence to Weehawken, 77 miles;
total operated, 421 miles.
This was the New York A Oswego Midland. Main line was opened
July, 1871. Default was made in 1873. The main line was sold in fore¬
closure November 14, 1879.
The present company was organized
January 22, 1880. From assessments about $10,000,000 was realized,
the holders of first mortgage bonds talcing new common stock without

New

Outstanding
*

to New Berlin. 22

own

[Vol. XXXIX.

Bonds—Prinei
pal,When Due
Rate perj When i Where Payable, and by
Stocks—Last

1

503

....

mort., gold, ($8,600,0*60 author’d)
Convertible debent’res (red’ble on 30 days’ notice)!
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
guar. Petersb’r

Ext*,

Amount

| Value.

1
New York, Penn. & Ohio—Prior lien bonus,

Improv. &

BONDS.

INTEREST OR DIVIDENDS.

!

For explanation of column headings, Ac., see notes
on

A AD

great favor by giving immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
•

STOCKS

.

.

Jan. 15,1884

May 1, 1931
April 1, 1932
Various.

Feb.

1, 1934
Jan..15, 1894
July 1, 1893
Jan. 1, ’85-’90
Jan. 1. ’85-’90
Jan.1/96-1900

New York Susquehanna Sc Western.—West End. N. J., to
Unionvllle, N. Y., 72 miles; Two Bridges, N. J., to Gravel Place, Pa., 50
miles; branches, 9 miles. Leased Unionville to Middletown, N. Y., 14
miles; Lodi Branch, 2 miles; total owned, leased and operated, 147 miles.
The New Jersey Midland was built as a connecting line of the New
York A Oswego Midland, aud went into receiver’s hands March 30,
1875, and was sold in foreclosure Feb. 21, 1880, aud the Midland of
New Jersey was organized. The New York Susquehanna A Western was
a consolidation in June, 1831, of the Midland of New Jersey, the Pater
son Extension, theNorth Jersey, the Pennsylvania Midland and the Mid
land Connecting railroads.
Stock, common, $13,000,000: preferred
(cumulative 7 per cent), $8,000,000. The amounts of stock were reduced
in 1882 from $20,000,000 com. and $10,000,000 pref., as first authorized.
The New Jersey Midland junior securities were exchangeable into stock
of this company on certain terms, and the status of the exchanges was
stated in the Chronicle, V. 38, p. 594.
The annual report for 1883 was in V. 38, p. 594. Gross earnings were
$1,038,G5G; net, $*100,0G4; interest on bonds, $382,500. (V. 36, p.
81, 536, 588 ; V. 37. p. 23; V. 38, p. 230, 541, 594.)
New York Texas <fc Mexican.-Line projected from Roscnburg
Junction, Texas, to Brownsville, 350 milfs. July, 1882, 92 miles in
operation. Mortgage $22,850 per mile, covering 5,120 acres of land,
being half of the grant, which is 10.240 acres per mile, if it can be obteined. Stock, $2,000,000. The road was operated by'the contractor
till June, 1884.
I>. E. Hungerford, President, Victoria, Texas. See V.
3G, p. 479.
New York West Shore A; Buffalo.-(See Map.)—This was
a consolidation in July, 1881, of the New York West Shore A- Buffalo,
the Jersey City A Albany aud the North River railroads. The line of
road is from Weehawken, N. J., to Athens, on tin; Hudson River (with
branch to Albany), and thence to Buffalo (425 miles),'and connecting
with the road of the N. Y. Ontario A Western at Middletown, N. Y., by a
branch from Cornwall on the Hudson, total length 472 miles.
The
company also has a contract with the N. Y. Susquehanna A Western RR.
to run its cars from Little Ferry, N. J., over the tracks of that road to the
Pennsylvania RR. Depot in Jersey City. At the western terminus
reaches Suspension Bridge and International Bridge over the N. Y. Lake
Erie A Western tracks.
The N. Y. Ontario A Western built from Weehawken to Cornwall arid
from Cornwall to Middletown for the N. Y. West Shore A Buffalo, in
consideration of receiving $10,000,000 mortgage bonds and $2.000,000stock of the N. Y. West Shore & Buffalo.
Then the N. Y. Ontario A
Western leases from the N.Y. West Shore A Buffalo the piece of road from
Middletown to Cornwall, and from Cornwall to Weehawken. for 99
years, at 25 per cent of the gross earnings per year, but guaranteeing
a minimum rental of $500,000.
This lease is subject to the right of the
N.Y. West Shore A Buffalo to run over the road from Cornwall to
Weehawken, accounting to the N. Y. O. A W. for its pro rata share of

the earnings.

From Cornwall to Buffalo the North River Construction
Company is the builder.
The terminal property on the Hudson River at Weehawken embraces a
water front of 6,790 feet; it is owned by a company entitled “The
West Shore & Ontario Terminal Co.,” and it is leased jointly and separ¬
ately to the two railroad companies, and one-half its stock is held.by each
company (the total stock being $5,700,000), and the bonds ($12,000,000)
are guaranteed, principal and interest, by both of the railroad companies.
The stock is $40,000,000 and 1st mortgage, bonds $50,000,000, the U.
S. Trust Co. of New York being trustee. These bonds cover the road
aud equipment, but not the Weehawken terminal property.
On January 12, 1884. Mr. Ashbel Green was appointed receiver of the
North River Construction Co.
His financial statement was made in
April (see Chronicle, V. 38, p. 150), giving assets of the Construction
Co, including a majority ($20,035,500) of West Shore stock The cou¬
pons of July 1, 1884, were not paid.
Foreclosure proceedings were
begun, and on June 7, 1834, Theo. Houston and Horace Russell were ap¬
pointed receivers of the company, and authorized to issue certificates
to a limited amount. The statement of ■earnings from April 1 to June
7, 1884, showed gross earnings $606,813; operating expenses. $919,772;
not deficit, $312,958.
-(V. 37, p. 48, 151, 175, 234, 2G7, 294, 343, 375, 502,534.640,095,
719 ; V. 38. p. 30, 60, 61, 115, 148. 178. 203, 230, 262, 359, 456, 509,

540, 572, 595, 706, 764

; V. 39, p. 71, 96, 149, 182, 265, 382.)
New York lVoodhaven Sc Bockaway.— Owns from

Glendale
Rockaway Beach, 11 miles; leased—Giendale to
Long Island City, 6 miles; total operated. 17 miles. The stock is
$1,000,000. Income bonds, 6 per cent, $1,000,000. A readjustment of
the finances took place in 1882, and the new $600,006 first mortgage
was issued, of which $205,000 is reserved to pay off a car trust; and
the $1,000,000 incomes were issued for the old mortgage bttnds. In
1882-3 gross earnings were $148,614; net, $77,748; interest and
rentals, $75,569.
Niagara Bridge A: Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and braueh, 100 miles. The road is leased in
perpetuity to the New York Central A Hudson at $60,000 per annum.
Junction, L. I., to

Norfolk Sc
Name changed

Southern.—Formerly the Elizabeth City A Norfolk.
Feb. 1, 1883. Owns from Norfolk, Va., to^Edenton, N.
GY, 73 miles. Capital stock, $1,000,000. (V. 36, p. 169.)
Norfolk Sc Western.— (See Mat).)— Owns from Norfolk, Va.,to Pe¬
tersburg, Va., 81 miles; Petersburg; Va., to Lynchburg, Va. 123 milei,

BONDS

RSAATILONCDKD

1O8ctob4er.,]




t

JXorfolk <& We stern—(Continued)—

Virginia & Tenn.— Enlarged mort. (extend’d
4th mortgage

do

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.

Ac., see notes

explanation of column headings,
on first page of tables.

do

1st mortgage
2a mortgage

67-’68
1881
.

•

.

50
500 Ac.

•

140
102
102

lBt mortgage
2d mortgage

Consol, mort., gold (for $1,836,000)
JNorthern (Cal.)—1st mortgage ($6,300,000), gold.
San Pablo A Tulare—1st mort. ($3,750,000)
Sforthem Central—Stock

149
47
322
138
138
138
138
138
138
138
138

1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon

Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
■Consol, general mort., gold, s. f., coup., $ or

£—

(sinking fund)

(convertible)

•

—

•

•

1869
1869
1883
1877
1878

1,500,000

50
500
500

899,350

1,000

677,01)0
3,964,000

JL868

Vars.
1876
1876

*

2.599,000
205,000
4,525,000

1,000
1,000

3.000,000

*

6
6
3

3,068,400

do
do
do
do

J.
N.

J.
S.

1903

Sept. 1,
April 10,
Sept. 1,
Sept. 1.

Baltimore.
Baltimore A Philadel.

A J.

Baltimore.

I.
J.

A
A
M. A
J. A

g.

Jan.
Jan. 1, 1907

April 1, 1908
July 15,1884

Irredeemable.

July
April
July
July

do

London A Baltimore.

Boston, Ottice.

1885
1900
1900
1900

Jan.
Jan.

do
Baltimore.

D.

1.
1.
1.
1.

July 1, 1904
1, 1926
1, 1926

London A Baltimore.
Baltimore.

J.
J.
N.

1905
1883

1899
1899
1, 1933

Annapolis.

A J.
J. A J

1885

May 1, 1896

A J.
A O.
A O.

1901

1.

Jan.

do
do
do
do

8.
Charleston, Office.
do
do
S.
J. N.Y., Jesup, Paton A Co.
Central "Pacific RR.
J.
do
do
O.
J. Baltimore A Philadel.

Q.-J.
J.
A.
J.
A.
J.

5

600,000

i

A
A
A
A
A. A
J. A

6
6
6
6 g.
6 g.
6 g.
5

1,000,000
900,000

500 Ac.
500 Ac.
100

A
A
A
A

Nov. 1,

Aug. 26, 1884

Philadelphia Office.

1900
June 2, 1384

1

*

1,000
1,000
1,000

July 1, 1900
Men. 1, 1900
Aug. 10, 1884
Aug. 10, 1884
Nov., 1888

A J N.Y., Clark, Dodge A Co.
do
do
A J.
A 8. Company Shops, N. C.
do
do
A S.
do
do
A N.
A N.

M.
M.
J.
T.

*

4

1,126,000

Dividend.

....

6 g.

1,500,000
1,490,000

500 Ac.
500 Ac.

J.
M.
J.
M.

Stocks—Last

Whom.

Q.-F.

6 g.
G

1,023,000
6,500,000

....

....

*

322.000

50

1856
1865
1868

3
6
8
8

820,000

1,000
1,000

....

83

2
6
7
7

2,569,500
1,200,000

•

J.
J.
M.
M.
M.
M.

pal,When Due-

Payable, and by

Payable

5
8
3
3
8
6

1.930.500

500 Ac.

Where

When

Rate per
Cent.

$990,000
1,000,000
3,000,000
1,000,000
210,000
1,100,000
4,399,750

100
100
500

„

„

„

Outstanding

1881

stock

2d general mort., “A,” coupon
do
“ B.” coupon
Union RR.. 1st mortgage
do
2d mortgage, gold
3Sorthem. X. H.—Stock.

1865
_

Amount

$1,000
1,000

1854

214
214
223
223
223
76
88
56
56

in ’84)

&orlh Carolina—Stock, common
Preferred stock
Mortgage bonds
ZXorth Pacific Coast—1st and 2d mortgages
Jfforth Pennsylvania—Stock, guar
Oeneral mortgage bonds
Bonds secured by $1,200,000
tyortheastern (<8. CM—Stock

these Tables.
Bonds—Princi.

INTEREST OR DIVIDENDS.

DESCRIPTION.
JFor

[Vol. xxxix.

immediate notice of any error discovered in

favor by giving

Subscribers will confer a great

AND BONDS.

STOCKS

KAILROAD

m

Xynchburg, Va., to Bristol. 204 miles; branches—Petersb’gto City Point,
'Va„ 10 miles; Junction to Saltville, Va., 10 miles; New River Division,
"75 miles. Total operated, 503 miles. Under construction, Cripple Creek
Branch, 60 miles.
Tlie Atlantic Mississippi A
folk A Petersburg. South Side

Ohio RR. Co. was a consolidation

per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and tlie dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Earnings in 1882-83. $860,-

of Nor¬

and the Virginia & Tennessee roads, in

all

of Virginia had an interest for loans made to them.
.Default on the Atlantic Mississippi A Ohio consolidated bonds was made
October 1,1873. and tlie road was sold in foreclosure Feb. 10, 1881,
cand was reorganized as the Norfolk & Western. In January, 1883,
•common stock was increased by $4,000,000 to exchange for Shenan¬
doah Valley RR. stock, and a close working contract was made with
that Co. Of the general moitgage, $5,137,000 is reserved to take up
prior liens. The dividends on preferred stock were suspended in 1883
to pay off floating debt.
The interest charge on debt in 1883 was
about $780,635, In 18*3 the extension and improvement loan was
.authorized for $5,000,000, of which $2,500,000 was to be issued forcon-•atruction and equipment. In Jan.. 1884. the convertible debenture bonds
were issued for taking up the scrip of about $525,01:0 issued for dividend
-of which the State

110; net. $243,537 ; rental, $260,000 ; loss to lessee. $16,642.
North Pacific* Coast.—Owns from Saucelito to Moscow Mills, Cal.,
74 miles
branch to San Rafael, 2 miles; leased. San Ratael to San
Quentin, 4 miles ; total operated, 80 miles. Stock, $2,500,000. Earning*
iu

■

preferred stock.

•on

tlie following:

Upon its organization in 1881, the company adopted the policy of
giving encouragement to local industries and liberal reductions were
made in the local rates on both passenger and freight truffle. Under
this policy the gross earnings of the line increased during a period of
"three years 36 per cent, although local rates had been reduced nearly 25
per cent”
No cash divitlemls were paid during
believing that, so long as it was

the yeai 1883. “ Your directors,
considered advisable to use the surplus
earnings of the company for the purpose of bettering its property or
increasing its facilities for doing business, the preferred shareholders
are entitled to scrip dividends representing the amount which has been
so appli d, ami which would otherwise be applicable to ua*h dividends.
aM a meeting held Dec. 26, declared a scrip dividend of 3*2 per cent,
payable Jan. 15, 1884. on the $15,000,000 of preferred shares then outstandmg. The scrip, when presented to the tmmpany in sums of $500,
is exchangeable into convertible debenture bonds, payable in 1*04,
N-nring six per cent, interest, payable semi-annually. The surplus to the
credit of income account amounted Dee. 31, 1883, to $*01,103, of which
the sum of $402,410 had been earned during the year 1883.
After
{■-barging oil this dividend, amounting to $525,000, the balance remain¬
ing to the credit of income account is $330,193.”
For eight mouths from Jan. 1, 1881, gross carnings'were $1,660,734,
ragainst $1,600,334 in 1883: net, $652,048, against $737,741.
The earnings and expenses for three years past were :
OBl.KATIONS AND FISCAL

liESlLTS.
1882.
263,3 17

1882, $358,199; net,

V. 39, p.

96.)

Owns from Charleston. S. C., to Florence
Northeastern (S.
S. C., 102 miles. Leased jointly, Lane, S. C.. to Sumter, S.C.. 3* miles
Total operated, 140 miles. This company has earned the interest on its

bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of which $1,142,000 to be held to retire debts of prior
lien, and $694,000 issued, for betterments, equipment, Ac.
In 1880-81
gross earnings were $ 184,760; net, $137,864; in 1881-2, gross, $560,229;

$181,824. (V. 37.

net, $182,118 ; in 1882-83, gross, $618,747; net,
p
639.)
Northern California.—Owns from .West Oakland to Martinez, 31
miles: Benicia to Suisuu, 16 miles; Woodland to Tehama, 101 miles;
leased. San Pablo A Tulare RR.—Martinez to Tracy City, 47 miles,;
total operated. 195 miles. Completed m 1878
is leased to the

and

Central Pacific till Jan. 1, 1885, at a rental of $47,500 per month for
Northern and San Pablo A T.
In 1S8-J, rental, $590,617; expenses,

$178,577; profit, $112,038. Rental in 1883, $t»33,O00; expenses,
$186,026; m t. $446,974. In 1881 8 per cent dividend pawl.; in 1886,
13±;
in 1883, 3h.
The Northern stock is $6,190,500—authorised,
$8,400,000. and Saw P. AT. stock, $1,861,000.
W. V. ilautlngton,
President. San Francisco.
Northern Central.—Owns from Baltimore. Md., kw Suulmry, Pa ,
139 miles; branch — Relay to Green Spring. 9 miles; leased— Slnimokin

Elmira A WiHiamsport Railroad, 78
Railroad, 22 miles; Elmira Jefferson
A Canandaigua RR.. 47miles—315 miles; track of New York Lake Erie. A
Western used
miles; total operated, 322 miles. This was a consolida¬
tion of several roads in Jan., 1855.
The terms of the several leases will
be found under the mimes of the leased roads.
In February. 1882. pur¬
chased at par the stock of Union Railroad in Baltimore. $600,000.
practically milking that road a patt of the Northern Central propert".
V.Olcy A* Fctisville RR.. 2* mileS;
miles; operated ai cost—Chemung
<

lss;j.

307,927

13,074,204

.

...

1

$

$

Earninys—
^Passenger

452.2 10

1,847,058

.Freight

120.542

Ac

Total gross

Gross in

subject to* its mortgages. The consolidated general mortgage (gold) of
1874 w;ts for $10,000,000 to retire all prior bonds.
Of the above bonds
14,915,207 16,285,288 $2,628,000 are dollar or sterling, interest payable in London or Balti
538,102
609,727
707.255 j more, and tin* bahmee are dollar bonds, interest in Baltimore.’ Under
20.554,453 133,231,218 1 55,521,700 j the 2d general mortgage of 1*76 $1,000,000 more may be issued ms
1881.
215.004

Passenger mileage
.Freight (tons) moved
Freight (tons) mileage

Mail, express,

$64,739.

operated, 88 miles. The Northeast Penn, and the Stony Creek Toads are
operated under contract. In May, 1879, was leased to Pliilu. A- Reading
at 6^7 p. e. on stuck till 1883, and 8 per cent thereafter.—(V. 38, p. 447. ;

^

Ojteralions—
Passengers carried

net,

North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total,

38, p. 385, had

The annual report for 188-3 in V.

1883, $382,960:

$67,418.

2,267,280
$

earnings

Opcratinrj Espe nscs—
Maintenance of way, Are
Maintenance of equipment

2,420.740
■$
322.068

101,700
402,480
108.770

125,137

1,163,233

1,322,576

1,509,574

1,104,056
51 -3

1,107,164

1.303.202

511

53*7

'Oeneral

(including taxe-i
.Net earnings
ct. of operating exp to earu’s.

The’business of the company depends to a considerable extent on
coal truffle.
For eight months from Jan. 1. 1884, gross earnings were

The fiscal year ends December
the CiinoNict’.E. V. 38. p. 228.
Income account for four years was as

Other receipts
Total income
Disbursements—
Interest

Total disbursements

18*3.
$

income

2,091.428

1.917.454

$

•$
452.097

—

472.093

1,107,163
63,389

1.303.202

113,834

1,170,552

1,303.202

Miscellaneous
Balt. A Potomac int.

350.517
6
54,21 *

196,494

37,177

729.359

810,792

Tot. disbursements-

1.800,533

284,895

1,329,359

.

525.000

895,730

898.060
146,048
0

Balance, surplus...

1882.

1883.

$

1,957,852

$
2.250,525

203,156

241.914

80,812

4,929

2,241,820
$
477,256
880,875
444,272
4

2,503,363
=

$
557,313
881.180
520,000
8

154,270

41,130

1.809,935

1,956,673

1,999,623

107,519

285.147

503.745

includes rent of roads and interest on equipment.
472.591.731 : V. 37, p. 99, 202, 343,
—(V. 36. p. 108, 219, 252, 366,
416,595; V. 38, p. 30. 115. 22S. 167. 388. 509. 647, 764; V. 39, p. 96.
*-

1,335,792

def. 158,807 *dcf.32,590

.Balance

163.797

$
1,6.>0,2.) 1
151,570
409,630

1.795.119
13 2,5 1 2

Other ivceiuts

Total

1881.

1880.
$

U erupts—
NVt earning.Interest A divid'd*..

Disbursements

600,000

Dividends

follows:

Rentals l’s’d lines. Ac
Interest on debt
Dividends
Rate of Dividend

$

Iteceipts—
Net earning*

net,

INCOME ACCOUNT.

INCOME ACCOUNT.

1882.

$1,338,488, against
31. and the report for 1883 was iu

$1,006,410 in 1*8;{;

$3,608,198, against
$1.53 1 394. in 18 33.

'

447.563
500,550

►

j Series C.

2,812.776
$
314,247
122,077

387,558

Motive power

'Transportation expenses
Total

$
485.805
2.1*1.711
145.260

-

deducting | 234. 349.i
The accumulated surplus Dec. 31.1882, was $371,783
Northern, New Hampshire.—Owns from Concord. N. II.. to West
rihe deficit for 1883 leaves net surplus December 31, 1883. $339,194. I
—(V. 36,p. 56, 81, 108, 193, 252, 275. 366, 472, 591, 731; V. 37, p. 99, Lebanon. N. H., 70 miles; branch. Franklin, X. II., to Bristol. N. H.. 13
In 1882-3. gross earnings wen* $583,627 ; net,
‘235. 343, 480, 595. 695. 719 ; V. 38„p. 148, 262, 385, 388, 541.6 17 : V. i miles; total. 83 miles.
’*■

I

;19. p.

22. 72. 109, 128,

265. 382.)

$167,550.

North Carolina.—Owns from Goldsboro to Charlotte,
The property was leased Sept. 11, 1871, to the
Railroad fur*30 vears.at a tv.nyjl of $260,000 per year..




N. (\, 223 m.

Richmond A Danville
Dividends of 6

j

In 1883-4, gross,

ties are a guaranty of
which the Northern

* p.71.1

$571.729: net. $171,602. The only liabili¬

$500,000 Concord A Claremont Railroad.bonds, of
RR. owns $’“0,500. (V. 38. p. 705. 731; V. 39,

Bercti.-maK

KAILKOAD

OCTOBER, 1884.]
Subscribers will confer

a

DESCRIPTION.
first page

Miles

of tables.

Date Size, or
of
Par|
Road. Bonds Value.

of

26
21
21

northern of New Jersey—Stock
1st mortgage, extended

2d mortgage
Northern 1'acijic—Erst. stock(3 p. c., not cuin’tive). 2,365
Common stock
2,365
205
Mortgage and land grant bonds, Missouri Div—
209
Mortgage and laud gr. bonds. Pend d’Oreille Div.
Cons. 1st M. Id. g., gold, $25,000 p. in., cp. or reg.
do
2d mort., go.il, coupon and registered;
All
Dividend certificates
Northern. Vac. Terminal Co.—1st mort., gold
79
Northwestern Ohio—Stock
66
Norwich <£ Worcester—Stock
66
New bonds, coupon
122
Ogdensbnry <£• Lake Champlain—Stock
....

*

Sinking fund bonds
Mortgage bonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)

•

mm*

118
118

Income bonds, not cumulative
Ohio Central— 1st mortgage gold
Income bonds (uou-cumulative)
Tprmimil

AND

BONDS

63

great favor by giving immediate notice of any error discovered in tbese Tables.

For explanation of column headings, Ac., see notes
on

STOCKS

200
*200
200
26

mortgage bonds

1st mort., Mineral Div

1st mort., Riv. Div., gold, coup, or reg

•

•

•

-

do

gold, incomes
Car trust certificates, No. 1
do
do

No. 2
No. 3
Ohm <6 Ifis s i fifth tp i.—Stnekj common
Preferred stock (7 p. c. yearly, cumulative)
1st general mortgage (for $16,000,000)
Income and funded debt bonds (extended, ’82)...

$100
1878
1869
....

1879
1879
1881
1883
1883
1883

148

100 Ac.
100
100
100 Ac.
....

1,000Ac
1,000Ac

1,000

Outstanding

Rate per
Cent.

When

Where Payable, and by
Whom.

Payable

Ronds—Princi¬
pal,When Due.
Stocks—Last
Dividend.

4
New York Office.
Yearly.
6
A J. J. City, Hudson Co. B’k.
200,000
7
M. A S.
do
do
200,000
N. Y., Mills Building.
39,897,068 lUiocert.

$1,000,000

Jan. 15, 1884

49,009,000
2,260,400
3,240,000
40,278,690
15,857,000
4,6t0,821
3,000,000

March, 1889
Jan. 15, 1883
Deo. 1, 1933
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Dee. 1, 1933
Jan. 1, 1888
Jan. 1, 1933

6
6
6 g.
0 g*
0

M. A N.
M. A S.
J. A J.
A. A O.

“*■

J.

N. Y, Mills
do
do
clo
do

July, 1888

Budding.
do
do
do
do

Jau’y.
A J.iN.Y., Winslow, L. A Co.

2,000,000
1877
....

1870
1877
1880
1880
1830
1880
1880
1881
1832
1882
1830
1882

616

i>*24

100 Ac,

INTEREST OR DIVIDENDS.

Amount

1882
1862

100

2,604,400

1,000

400,000

100

3,077,000

1,000
1,000

1,000
1,000
1,000
1,000
1,000

380,000
600,000
1,514,150
999,750
3,000,000
3,000,000
600,000
300,000
5,316,000
4,000,000

ioo

600,000
1,200 000
-0,000,000

500 Ac.
100 Ac.

1,000

320,000

5
6
2
8
6
6
3 A
0
7
6
6
0

6

£•

g-

S-

6
8
10

100

4,030,000

3*4}

3,000,900

5
7

Jersey.—Owns from Bergen, N. J., to Spartotal oper¬
ated, 26 miles. This road was opened October 1, 1859. By eontract
of April, 1869, it is operated by New York Lake Erie & Western at 35 per
cent of its gross earnings. It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross receipts in 1883, $305.956; net, $65,329.
(V. 39, p. 48.)
Northern of New

kill, N. Y., 21 miles; leased Sparkill to Nyaelc, o miles;

Northern Pacific.—(See 2[ap.)—Line of Roai>—On Jane 30. 1884,
the mileage was made up as follows: Northern Pacific Junction, Wis.,
to Wallula Junction, Oregon, 1,651 miles; Duluth to Northern Pacific
Junction, 23 miles; Northern Pacific Junction to Superior City, 23-5

miles; Superior City to east end of track, 26-5 miles; Portland to Colum¬
bia River, opposite Kalarna, 36 miles; Kalaina to Tacoma, 105 miles;
Tacoma to South Prairie, 25 miles; Columbia River up Yakima Valley,
25 miles; Puyallup Junction to Stuck Junction, 7 miles; South Prairie
to Carbonado and Wilkoson and Coal Fields. 9 miles; total owned, 1,931
miles.
Leased—Brainerd to Minneapolis, 127 miles; Minneapolis to St.
Paul, 11 miles; Little Falls A DakotaRK.. 88 miles; Northern Pacific Fer¬

& Black Hills RR.,117 miles; Fargo A Southwestern RR., 87 miles; San
Coop. & Turtle Mount RR..36 miles; Jamestown & Northern RR., 64 miles;
Sykestown Branch RR., 13 miles; Rocky Mount RR. of Montana, 52 miles;
Helena* Jefferson Co. RR., 20 miles; totsil leased, 616 miles; total owned
and leased, 2,547 miles. The road from Thompson Junction, Minn., to
Duluth is owned jointly with the St. Paul & Duluth. Grading 69 miles
of thp Cascade Division to Yakima in progress.
gus

Organization.—This company was chartered by act of Congress July
2, 1864, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River - in 1373. The company defaulted Jan.,
1874, and the road was foreclosed August 12, 1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. To the bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000 bond
and overdue interest.

Stocks and Bonds.—The

A
A
A
A
A
A
A
A

J. A
J. A
M. A
M. A
M. A

10

1,000
1,000

174.000

J.
M.
J.
M.
J.
A.
A.
J.

J. Boston, 2d National Bk. July 10, 1884S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Office.
July 10 ,1876
do
S.
Mar., 1890
do
J.
1897
O.
do
April 1, 1920
do
O.
April, 1920
J.
Jan. 1, 1920
Toledo, O., Receiver.
do
do
Jan. 1, 1920
J.
do
do
July 1, 1920>
do
do
J.
July 1, 1921
do
ilu
S.
March, 1922
do
do
Mar 1, 1922
S.
$40,000 p. yr„
S.
10 p. c. yearly.
10 p. c. j'early

M. A S.
J. A D.
A. A O.

N. Y., 31 Pine Street.
do
do
\

do

do

Mar. 1, 1875'
June 1, 1932
Oct. 1, 1883

Operations and Financial Condition.—The fiscal year ends June
30. The annual report for 1883-81 was published in V. 39, p 322, to
which reference should be made for a statement of the progress of the

company’s work during that year and its general condition. To pay the
doating debt and complete the work, the directors issued the second
mortgage bonds October, 1883. Gross earnings from July 1 to Aug. 3L
two months in 1884, were $2,055,040, against $1,893,847 in 1883; net,
$853,320, against $698,022. The annual report in Chronicle, V. 39,.
p. 322, had the following statement of earnings:
Miles oper.

1880-81.
754

1881-32.

1S82-33.

1883-84.

1,701
$
2,099,746
5,4* 9,031
346,632

4,237,259
7,865,367
500,949

5,430,305
3,572,839

7.855,459

12,603,57.5

5,330,930

7,590,155

Net earnings
$969,133 $1,357,460
67*80
67 04
P.c.ofop. ex to cam’s
Per ct. of oper. exp. to eamin’s
67*64
—(V. 37, p. 189. 294, 318,333,397, 400, 446.
667, 695; V. 38. p. 6L, 88, 115, 203, 332, 509,
731, 764 ; V. 39, p. 3, 11, 22, 48, 62, 182, 227,

$2,518,529

$5,013,420

67*93

CO-22

June 30..

Earnings —
Passenger

$

668,621

2,207,239

Freight
Mail, express, Ao....

118,599

Total

2.994,519

Operat. expenses.

*2,025,389

1,298
$
1,302,261
3.909,423
218,621

2,547
$

65-80
67*93
480, 509,510,563,615,
607, 620, 647. 679, 707,.
297, 309, 322, 321, 338

349, 393, 410.)
Northern Pacific Terminal Co.—This company owns tenuina
facilities which are leased for fifty years to the Northern Pacific RR.,
the Oregon Railway A Navigation Co. and the Oregon & California RR.,
with a guaranteed rental sufficient to pay interest, sinking fund and
taxes.
The sinking fund begins in 1893 and is to be sufficient to retire
the bonds by maturity. The stock of $3,000,000 is owned by said three
companies ('40 per cent by Oregon Railway A Navigation Co., 40 per
cent by Northern Pacific anil 20 per cent by Oregon & California RR.),
and held by Central Trust Co. of New York, to be delivered after pay¬
ments to the sinking fund which is to cancel the bonds.

preferred stock was issued to old first mort¬
(7-30) bondholders for their bonds and overdue interest, and lias a
preft#ence for 8 per cent in each year if earned, but is not cumulative.
The domrnon stock then takes 8 per cent, and after that both share alike.
The preferred ."took has a claim on net income over and above interest
and other charges, except that such net income maybe expended for
Northwestern Ohio.—Owns from Mansfield to Toledo, Ohio, 80
new equipment. The common srock was mostly held by the
original pro¬ miles, but leases 7 miles to Pittsburg Fort Wayne & Chicago RR. This
jectors and their associates prior to the default of 1874, anu did not was a consolidation of the Toledo Tiffin & Eastern, the Mansfield Coldrepresent capital expended. The preferred stock is received in payment water A Lake Michigan and the Toledo A Woodville roads. Leased to
for the company’s lauds east of the Missouri River at par. These lands Pennsylvania Company at cost of operating.
In 1883 gross earnings
remaining yet uns< Id are about 4,079,955 acres, anil the proceeds of $282,304 ; deficit, $49,749. In 1882 gross, $272,742; net, $27,160.
these lands when sold for money or on time also go to the retirement of
preferred stock.
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor¬
A large interest in the stock. (151,300 shares of preferred and 162,792 cester, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 miles z.
of common), on June 30,1833, was held by the “ Oregon & Trans-Conti¬
total, 66 miles. To be extended to Groton, Conn. In 1869 the road
nental Co.’’
was leased to the Boston Hartford A Erie for 100 years, the lessees
In Sept., 1832, a dividend, in certificates of llho per cent, amounting
to pay all liabilities and 10 per cent on the capital stock. The present
to $4,667,490. was declared on the pref. stock payable Jan. 15, 1883.
lessee company has the option to terminate the lease, and now operates
The consol, tirst mortgage bonds are a tirst lien on the mam line; and under temporary agreement. In the fiscal year ending Sept. 30, 1883,
on all the lands of the company except those subject to the two divisional
the gross receipts were $785,796; net, $287,239; payments for rentals,
mortgages and those lands east of the Missouri River which are subject to $36,160; interest, $26,239; dividends (10 per cent), $259,780 ; balance
the preferred stock. The issue of bonds is limited to $25,000 per mile. deficit to lessee, $34,940. (V. 36, p. 724.)
The proceeds of land sales can be applied to the payment of interest on
Ogdcnsburg Sc Lake Champlalu.—Owns from Rouse’s Point,
bonds, instead of principal, if the earnings of the road are insufficient.
The annual report for year
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬ N. Y., to Ogileusburg, N. Y., 12z miles.
ment for lands at 110 and interest, and proceeds of land sold must be ending March 31 was in V. 39, p. 348. Gross earnings, $623,377; net,
applied to redemption of these bonds at a price not exceeding 110 and $204,551. In 1882-83 gross earnings were $6 42,196; net, $191,438.
-(V. 37, p. 167, 502, 695; V. 38. p. 739; V. 39, p. 348 )
interest. Sinking fund of one per cent per annum begins in 1836. The
gage

total issue of the Missouri Division and Pend d’Oreille Division bonds
was
$6,481,000. against which are reserved a like amount of the
Northern Tactile first mortgage bonds.
In October, 1883, the second mortgage was authorized for $20,000,000, of which $15,000,000 were taken by a syndicate at about 82 ^ net
to the company.
Lands.—The land grant of the company was 12,800 acres per mile in

States and 25,600 acres per mile in territories, and the lands earned b\
construction to June 30, 1884, wore estimated to be about 41.600,00
acres, of which about 36.500,900 remain, il unsold and were approxi¬
mately classified as follows: Agriculture and timber lauds, 12.0 > ,0(0

lauds, 13,900.900 acres: mountain lands,

11,509,000
pledged to
the preferred stock, ami that stock is received in payment therefor. The
general mortgage bonds cover all the other lands, the divisional mort¬
gages having prior liens on their respective divi-ions.
The following
shows in detail the sales of laud for the fiscal years ending June 3o,
acres;

grazing

acres.

The lands cast of Bismarck (Minn, and Dak. Divs.) are

1883 and 1884:
/-Yr. end’g June 30,’83.—n
Divisions.
Acres.
Amount.
Miunet-oia ADakota4l7,.>8S
$1,799,517
Mnsouri
324.4*20
...119,033
Yellowstone
24,6*25
6, 67
Montana slid Pacific 60,883
278,682
Pend d’Oreille...
733,614
...

—Yr. eud’g June 30.’8 4.—
Amount.
Acres.
221,9 i 2
$i,09.),8.99

46,483

148,058

107,355
102,366

467,317
472,756

478,116

$2,184,041

...

....

...

Ohio Central.—The road extends from Toledo, Ohio, to the Ohio
River at a place opposite to Point Pleasant, 257 miles (including in this
16 miles of track used under rental) and from Point Pleasant to Charles¬
ton, West Va.. 58 miles, with branches from Hadley Junction, Ohio, to
Alum Creek, 24 miles; Mineral Division, South Shawnee to Corning, 20

miles; and Switch to Buckingham, 11 miles; total line, 375 miles; of
which about 325 miles were completed on Jan. 1, 1883, and the balance
of road and bridge over the Ohio River finished
The stock was $4,400,000—par $100—and in

by Nov., 1883.
January, 1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to buy the
stock of the Ohio Central Coal Co., and further increased it to $22,000,ooO in 1832 and 1883. In January, 1882, consolidation was made with
the Atlantic A Northwes'ern of Va. A consolidation with the Rich¬
mond A Alleghany in Virginia was proposed, but failed. Of the, River
Division 1st mortgage bonds certain amounts were reserved to ex¬
change for Mineral Division bonds and for bonds of the Ohio Central
Coal Company.
On September 1st, 1883, default was made on the iutori st of the River
Div. mort. bonds, and January 1 default on the 1st mort. bonds, and
receivers were appointed. A plan of reorganization proposed Sept.,
1884, was in V. 39, p. 297.
Gross earnings for year ending June, 30, 1883, were $1,077,114 ; net,
$349.785.—( V. 37, p. 150. 202, 213, 233, 235, 295, 321, 375, 400
447, 480, 534, 563, 068; V. 38, p. 30, 61, 114, 350; V. 39, p. 297, 435.)

Ohio Sc
Tota’




....761,236

$3,061,860

Mississippi.—Owns from Cincinnati, Ohio, to East 8t

Louis, Ill., 338 miles; Jxmisville branch, North Vernon to

Jefferson*

•




RAILOD
STOCKS
AND

15CNDS.
[Voi.

X I.
'-hmh*w—r

.-,^mx^-jacn,

--*■

*~‘1K*.

■«

ml

n»r**t**»mm*'ntl* •«

-

-'•■»-

"irHTi amWI

RAILROAD

October, 1884.]
Subscribers will confer

a

STOCKS

AND

BONDS.

65

great favor by giving immediate notice of any error discovered in tbese Tables.

Ronds—Princi¬
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
pal,When Due.
Amount
For explanation of column Leadings, &e., see notes
of
of
Par
Rate per When Where Payable, and by
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Whom.
Dividend.
Payable
DESCRIPTION.

Ohio d Mississippi— (Continued)—
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...

82 1180-23.

Spring. Div. (Sp.AIll. SE.) IstM. (for $3,000,000).
Ohio Southei'n—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony-#tock
Bonds (not mortgage) coupon and registered
do

Bonds
do
do
Bonds
do
do
do
Bonds
do
do
do
Bonds
do
do
do
Bonds lor Framingham A Lowell bonds
Bost.Clin. F.AN. B., mortgage bonds 1869-70...
do
bonds
do
bonds
do
mortgage bonds
Oregon d California— 1st JVL, gold ($20,00 < p.m.) ..
2d mortgage

.....

Oregon Pacific— 1st mort., laud grant, gold
Oregon Railway d Navigation—8tock
Mortgage bonds, gold
Scrip certificates
Debenture gold loan
Oregon Short L — lst,gld.,int.gu.byU.P.($25,OOOp.m>
Oregond Trans- Conti nental— St’ok (for $50,000,000)
Trust bonds, gold (IstM. collateral) $20,c00p.m..
Oswego d Rome— 1st mortgage guaranteed

393
393
393
222
128

128
468
....

«...

....

„

m

9

m

m

•

.

m

43
58

i*20
440

1868
1868
1871
1873
1874
1881
1881

$1,000

$6,688,000

£200

112,000
3,829,000
140,000

$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1,000
1,000
1,000

1884
1882

1,000

1882
1865
1866
1866

1,000
1,000

1,000
100

«...

28^

Convertible bonds

The new general mortgage for $16,000,000 is authorized under the
proposed plan of reorganization, by which $12,"84,000 will be reserved
to exchange for old bonds as they mature; $2,216,000 will be used in
paying overdue coupons and all other claims; and $9a9.695 be expended
for new equipment and terminal facilities. There are yet $‘37,000 of old

The terms of

preference pf the pref. stock state that the holder thereof shall be entitled
to receive from net earnings of the company 7 per cent per annum,
and to have s ich interest paid in full for each and every year before any
payment of dividend upon the common stock.
The year ends Dec. 31. Tin: annual election is held in October. No
report for 1883 was issued. For four years the income was as follows :
Years.
'
Miles.
Gross Earnings. Net Earning1.
615
$4,376,310
$1,256/709
1881

616
616
616

4,074,407

959,053
1,061.663

4,225,499
4,250,150
980,321
—(V. 37, p. 23. 100, 117, 233, 235, 267, 343, 376,400,422,424,535,
668; V. 38, p. 88, 115, 262, 295, 350, 379, 456, 480; V. 39, p. *265, 410,
435.)

Obio
to some

Southern.—The road will extend from Springfield, Ohio,
point on the Ohio River. Length of road completed and in
operation June 1,1883: Springfield, Ohio, to Coalton, with extensions
and branches, 135 miles.
Stock (par $100), $3,840,000.
Receipts,
1882 $359,283; net, $90,687; other
sources. $29,812;
payments.
$120,084. Gross in 1^83, $364,091; net, $i 17,106; rental, $1,014;
interest on debt, $115,200; surplus for year, $599. Alfred Sully, Presi¬
dent.
(V. 37, p. 151.)
Old Colony (Hlass.)-Owns from Boston to Provincetowu, Mass.,
120 miles and lines to Kingston, Plymouth, Somerset Junction, New
Bedford and Fitchburg, Mass., and to Newport, R. I.; total. 343 miles;
numerous branches, 84 miles in all; leased—Lowell &
Framingham RR..
26 miles; Fall River RR., 12 miles; Dorchester & Milton Rli., 3 miles;
total
of all lines,
miles.
RR. was
April

length

1, 1882, tor 99 years.

468

Fall River

leased

In March, 1883, consolidation with the Boston
Clinton Fitchburg & New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1881, the Lowell & Framingham was
absorbed on the terms given in V. 3^, p. 540, and trie 4**j per cent bonds
issued. Operations for three years ending
Miles. Pass.Mile.
Fr’ght Mile. Gr’s Earn.
455 89,187,583 53,794,401 $3,746,448
468 100.460,413 58,349,479 4,126,258
468 104,989,238 57,915,789 4,249,179
-(V. 36, p. 251, 284, 445; V. 37, p. 533 ; V. 38, p. 480,

of lbb4
Years.

were

Sept. 30:
Net Earn. D
$1,246,846
1,305,449
1,228,441
540, 595.)

p.c.

6
6b)
7

Oregon Sc California,—From Portland, Or., to Ashland, 341
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Port¬
land to Corvallis, 97 miles. Total finished, 450 miles; to be completed
to a junction with Central Pacific at the California State line, 34
miles, which will probably be finished in 1884. The present Oregon A
California Railroad is a reorganization of the original Oregon & Cali
fomia, which company was in default after 1873. The laud grant is
about 4,000,000 acres; bonds are receivable for lauds. Preferred stock
is $12,000,000; common $7,000,000.
In March, 1883, a contract for the completion of the east sideline.
129 miles, was made with the Oregon Trans-Continental Company, and
the O. & C. RK. leased to the O. T. Company. The latter became embar¬
rassed and the lease was abrogated on the terms stated in V 39, p. 1^2,
leaving the company, as there stated by Mr. Villaid, thus : “ In virtue of
the terms of the reorganization plan (at- modified in March, 1883), and
of the settlement witn the Oregon & Trans-Continental Co., the issue of
securities is limited to $20,0J0 per constructed mile of first
mortgage
bonds aud $10,090 per constructed mile of seconds. Of these securities
the company now has at its disposal $225,000 first mortgage bonds and
about $3,400,000 second mortgage bonds, while its floating debt (includ¬
ing the sums payable to the Oregon Trans Continental Co.) does not
much exceed $800,000. Tue increase of mileage by the completion of
the main line will increase these amounts by about $6)0,000 firsts and
$30o,o00 seconds.” For year endiug Maroti 31, 1883, gross receipts
were $1,016,496; net, $288,117; land sales, $17,359.
(V. 38, p. 196,.
323, 764; V. 39, p. 128, 182.)

Oregon Pacific.—Road in

progress and 70 miles, from Corvallis to
Yaquiua Bay, completed in October, l-?84. Laud grant,
oyer 900,000 acres, and covered by first mortgage. Stock is $30.0<K) per
mile. T. E. Hogg, President, Corea lis. Oregon. N. Y. Office, 45 William
Street. (V. 38, p. 456; V. 39, p. 297.)

Yaquiua,

on

Oregon Railway & Navigation.—June 30, 1883, railroads

ated

were




us

follow*: B.umev.

to Walla

200.000

107,009

QIt miles. The Eastern and Western divisions were sold in foreclosure
and the Ohio A Mississippi Co. formed by consolidation Nov. 21, 1-67.
On Nov. 17, 1876, the company was placed in the hands of receivers.
A suit by preferred stooklml lers to establish their lien ahead of the
seoond mortgage bonds was defeated in the U. S. Supremo Court.
(See
article in V. 37, p. 233.) The receiver was discharged in Apiil, 1884,
and over.lue < oupons of April and October, 1878, and April, 1879, on
2d mortgage bonds were then paid

first mort. 7s (reduced to 6s). Western Div., outstanding.

350,000

1,000

ville, Ind., 53 miles; total Ohio A Miss, line, 391 miles; the Springfield
Division, Beardstown to Shawneetown, Ill., 225 miles; total operated,

oper¬

Walla (main line) 203 miles;

7
7
6
5

s'

25,000 p.m.
24,000,000
5.719,000
1,20 ‘,000

5,0()0,i 00
14,800,000
40,090,000
9,215,000

J.
J.

7
6 g.

lb)
6 g.
8
7 g.
6

J.
J.
M.
J.
M.
F.
J.
.

J.
J.
F.
J.
J.

rr

*

J.
J.

0.
N.
N.

Jan.
Jan.

1, 1898
1, 1898
April, 1911

May 1, 1883

Springfield, Ill.,1st N. B.
D.'N.Y., Corbin Bauk’gCo.
1).
J.
S.
I).
S.
A.
I).

do

Nov. 1, 1905
June 1, 1921
June 1, 1921

Boston, Office.

July 1, 1884

do
do
do
do
do

March 1, 1894
June 1. 1895

Sept. 1, 1896
Aug. 1. 1897
Dec. 1, 1897

Bost., Old Colony Office.

.

A
A
A
A
A

N. Y, 31 Pine St.
London.
N. Y., 31 Pine St.
do
do

J.
do
do
do
D.
do
A.
do
do
J. Boston, N. E. Trust Co.
J. N.Y., London A Frankf.

A. A O. New York and London.
New York.
Q.-F.
J. A .1. N.Y., Farm. L. A Tr. Co.
M. A N.
do
do
A. A O
Boston.
F. A A. N. Y., 195 Broadway.

lb)
6 g.
7

A
A
&
&
A
A
A
A
A
A
A
A
A

A.
M.
M.
J.

4bj

9.000,000
2,200,000*

1.000
100

1,000

7
6
6
6
4 b)

500,000
491,500
400,000
109,000
1,912,000

-

1879

3bj

200,000

500 Ac.

611

Income mortgage bonds

1,920,000
1,920,000
10,575,620
1,692,000
500,000
1,100,000
2,000,000

1,000

1880

592

2,009,000

100

1874
1875
1876
1877
1882
1884
’69-’70
1874
1875
1880
1881

7
6 g.
7
7
7
6
6
'

Q.-J.

M. A N. N. Y., Farmers’ L. A T. Co.
M. A N. N. Y., Farmers’ L. AT. Co.
F. A A. N. Y., Central : rust Co-

1889 A ’90

July 1,
Feb. 1,
Jail. 1,
July l,

1894
1885
1910

1921

Oct.

1, 1900
Aug. 1, 1884
July 1, 1909
1885-6

April 1, 1887
Feb. 1. 1922
Oct. 15, 1883
May 1, 1922
May, 1915
t eb„ 1891
2866

....

branches, Walla Walla to Texas Ferry, 56 miles; Bollc’s June, to Dayton.
14 miles; Whitman to Blue Mountain, 14 miles; Walla-Walla Branch, 6
miles; Portland to Bonuerville, 41 miles; Umatilla to Mikeoha, 78
miles; Umatilla to Pendleto i, 44 miles; Portage Read to Lower Cas¬
cades, 6 miles; Oregonian Railroad in Willamette Valley (leased), 150
miles; total of railway, 611 miles, and 213 more under construction.
Ocean line between San Francisco and Portland, 670 miles; Puget
Sound lines, 238 in.; River lines,667 m.; total of water lines, 1,565 miles.
The company pursued the policy of increasing its capital stock to raisemoney for improvements, and in a few years the amount was raised,
from $6,000,000 to $24,000,000.
The managers purchased in February and March, 1881, a large
interest in the common and preferred slock of the Northern Pacific*.
Railroad with cash furnished by a syndicate, and the control ol this
company and of Northern Pacific was transferred to the Oregon A
Trans-Continental. The now’ mortgage for $14,280,000 was to be issued
Jan.. 1884, but the negotiation was checked by a technical legal
objection under a law of Oregon, and t he debentures were issued.
Negotiations are pending which will probably result in a close work¬
ing contract with the Northern Pacific RK., practica ly amounting to a
lease to that company on the basis of paying obngations of the O. R. &
N. Co., and divid* nds on the rtock.
Sec V. 39. p. ill.
The annual report for the year ending June 30. 1884, was iu the
Chronicle of Oct. 25. ’84, to which reference should be made.

The not

receipts were $2,784,019, against $2,489,213 in 1S82-83. (V. 37,
p. 331, 549,561; V. 38, p. 01. 178.247, 359, 379, 572,585,731; V,
39, p. 11, 22, 48, 62, 209, 227, 382, 402.)
Oregon Short Line.—Road in progress from Granger on the Union
Pacific, (156 miles east of Ogden) to a junction with the railroad of tho
Oregon Railway A Navigation Co., at Snake River near the line between
Idaho and Oregon, about 523 miles, with Wood River branch to Haily,
57 mill's. Totol about 580 miles. The road was practically finished
November, 1883. The contract between the Oregon system and the
Northern and Union Pacific for future tratlic is reported to be advan¬
tageous to the Union Pacific, siuco the business of Oregon is to bo

divided between tiie Northern and Union Pacific iu proportion to the
traffic they deliver to the Oregon road. Built under Union Pacific con¬
trol, aud interest on the bonds guaranteed. One $1,000 bond and $500
in stock sold to Union Pacific stockholders for $1,000 cash.
The
stock is $25,000 tier mile, of which Union Pacific retains one-lialf.
(V.

37, p. 202, 236, 376, 400, 446; V. 38, p. 62, 417, 572; V. 39, p. 209, 265,
319.)

Oregon Sc

Trans-Continental.—Company organized under the

Oregon on June 27, 1881, and received from the “Villard Pool”
assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object was to hold tho stocks of the Oregon Rail
way A Navigation Co. and the Northern Pacific, and to construct con¬
necting roads; about January 1, 1884, this company held $15,202,7oo O. R. & N. stock: $15,37o,000 Northern Pacific pref., and $14,793,40o Northern Pacific common.
But in January, to provide for the set¬
tlement of tho floating debt, the company announced a loan of $8,000,Ouo for one year on the pledge of 91.500 shares of Northern Pacific pre¬
ferred, 91,5 »0 shares of Nor.hern Pacific common, and 9l,50 > shares
of Oregon Rv
Nav. Co. .-tocks. The securities to be deposited with
the Farmers’ Loan A Trust Co., which waste issue its trust recoipts to
those agreeing to take the loan. At the end of the year a cash commis¬
sion of 5 per cent was to be allowed. For the loan 183 notes of
equal
amounts were issued, and the holders of these notes were granted a
laws

or

an

privilege of

buying 45,750 shares of each of the stocks named

Northern I’acific common,

50 for the preferred and

at 25 for

100 for

Oregon
Navigation, the proceeds to be applied in liquidation of the loan.
It was s»ated at the time that they must buy all three of the stocks
named at the prices stated, but iu August. 1884, when No. Paciric pref.
" as sel iug above 53, .calls were made for that
only, and thus the terms
of the loan were reported as permitting the call of one without the other
stocks. The pri\ ilege was limited to the period between July 1, and Nov.
1, 1884. Also the company afterward sold t > a syndicate 10,0J. shares
Oregon Navigation at 75: J<>.< 00 shares Northern Pacific preferred at
36; aud 30. 0 - shares of Northern Pacific common at 16, and borrowed of
the syndicate $1,2 o,0u > for six months on pledge of 2<>,00D shares
Oregon Railway A Navigation stock. The total authorized capital
is $5D,OoO,Ot)0.
The bonds are secured by deposit in trust of first
mortgage bonds on new branch railroads, at $20,000 per mile; also
secured by traffic contracts with the Northern Pacific RR. Co.
guar¬
anteeing (after lapse of two years) a minimum net annual income of
t? 1.400 per mile, being equal to 6 per edit per annum on $20,000
per
mile of bonded indebtedness, and a sinking fund charge of one per
In March, 1883, this company leased the Oregon A California
cent.”
road od tlic ic-rms mentioned iu V. 36, p. 310, and in June, 1884, the
lease was repor ted’as annulled.
Quarterly dividends began in Jan., 1883, at 1^ per cent, and ceased
after October. 1883. Sec article in V. 37, p. 331.
V. 37, p. 74,331,
480,668; V. 33, p. 30, oO, 6!, .48, 285; V. 38, p. 480,510.541,731,
764; V. 39, p. 11,48, 128, 157, 209).
.

Oswego Sic Rome,—Owns from Richland, N. Y., to Oswego. N. Y.

29 miles. Road opened Jan. 1,1866. It is leased
town A Ogdens burg RR. at 8 per cent on itH stock
cent on yuan

to the Rome Water,
($225,OjO) and 7 ptr

bonds, pref. stock being represented by convertible bo. ds.

Subscribers will confer a

explanation of column lies (lings,
on first page of tables.

Oswego <&

Date Size, or
Par
of
Road. Bonds Value.

&c., see notes

A W.)

•

sterling, (£1,000,000)

Sinking fund subsidy,

mmm

123
65
65
48
48
48
15

Owensboro <6
Painesville <& Youngstown—1st mortgage
2d mortgage, income, convertible

gold

Hudson—Stock
Pennsylvania—Stock

Paterson &

2,036

A O.
$460,000)
p. c.)
Consol, mortgage, gold
—
571
Bonds, reg. (P.W. A B. stock deposited as collat’l)
Collateral trust loan (coup., but may he reg.)
Car Trust certs, (in series payable iioth yearly)..
Navy Yard bonds reg. (extended 20 years in ’81) '3,232
Pennsylvania Company— Stock
Reg. bonds, secured by P. Ft.W.A C. special stock
Bonds, gold, secured by pledge and guarantee....
105
Gen. M., Ph. to Pitts., coup., J. A J.; reg., A.
State lien (pay’blein annual inst’lm’ts of
Consol. M.‘, coup. J. A D., A reg. Q.—M. is. f. 1

•

•

•

•

•

•

•

•

•

•

•

•

•

•

.

.

..

....

....

....

....

.

Pennsylvania & New York— 1st mort., guar
1st mortgage, guaranteed
Pennsylvania Schuylkill Valley— Stock
Peoria dk Bureau Valley—Stock
PeoiHa Decatur
1st mort., gold
Income bonds,

.

.

105

....

550,000
2,000,000
400,000
1,000,000
7,000,000

500 Ac.
500 Ac.
100
£200

3.989.000

2,857,000

1,000

630,000

....

....

50

94,777,850

1,000

19.999.760

....

1870

2,976,903
27,760,390
5,000,000
9,143.000
3,000,000
8,155,000
1,000,000

....

....

1873
1879
1881
1883
....

438.000

1,600

1867
1880

*

1875
....

1877
1881
1866
1866

1.000

1,000
.

-

.

.

1,000
1,000
1,000

1*6*60

12,269,000
1,500,000
1,500,000
4,500,000
1,500,000
8,400,000
1,287,000

1,000

858,000

Too

accumulative

•

•

•

•

1880
1880

N. Y., to Syracuse
West. RR. Co.
bonds. In 1881-82

*
Ky., to Adairville. Ky., 84 miles.
Controlled in 1879 by the Nashville Chattanooga
A St. Louis, and now operated by Louisville A Nashville Railroad,
which owns a majority of the stock. Gross earnings for 1882-83, $56,
335; net, $6,415. Gross in 1883-4, $101,138; net, $15,832. Stock is
$1,156,517.
Painesville Sc Youngstown.—Owns from Fail-port. Ohio, to
Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2, 1879. Under the reorganization
bonds are issued as above, and the stock is $288,000. The income bonds
have votes, and are convertible into stock. The road went into the pos¬
session of new managers in 1881. On Jan. 1, 1882, defaulted on 1st
mortgage coupons, and R. K. Paige appointed receiver. Foreclosure

Where

Paj^able, and by
Whom.

Payable
F. A A. N.

7
7
5
6 g.
7
7
8
7 g.
6 g.

M. A N.

M. A *N.
J. A J.
J. A J.

4*2

J. A J.
M. A N.

•

•

•

New York.
New York, Agency.
do
do
New York, Office.
London.
New York.
New York.

•

A. A 0.
M. A N.

Aug., 1884
1885
1907
1903

do
do

do
do

S.

M. A

Y., Del., L. AW. RR.

Stocks— I a st
Dividend.

Nov.
Jan.
Jan.
Jan.
’84 to
Nov.

1, 1931
1, 1910
1, 1915
2, 1884
’89 A ’97
1,

1910

July 3, 1884
May 29, 1884

Philadelphia, Office.
1910
Philadelphia AI.on don.
Annually.
A. A O.
Philadelphia, Office.
Q,—M. Philadelphia A London. June 15,1905
J. A D. Philadelphia A London. Dec. 1, 1919
July 1, 1921
do
do
J. A J.
4
June 1, 1913
do
do
J. A D.
4 *2
3891-93
Philadelphia.
5
Q’rt'rly
5
J. A J. Phil.,Pa., Co., for ins. Ac. Jan. 1, 1901
In 1883
Pittsburgh, Co.’s Office
4
6
Q.-J. PhiJa. Tr. S. D. A I. Co. July 5. 1907
July 1, 1921
4*2g. J. A J. N. Y., Nat. City Bank.
J. A D. Phila., B’k N. America. June 1, 1896
7

4
6
5
6
5
.

Q.-J.

....

-

J.

4*

F. A A. N.

6*g.

J.

June 1, 1906

do

do

A D.

7

Aug., 1884

Y., Chic., R. I. A Pac.

'

6

A J. N. Y., Met.
do

Nat. Bank,
do

Jan.
Jan.

1, 1920
1, 1920

paid by the company into the Trust up to the end of 1883 was $3,100,There had been purchased for the fund securities of the par
000.
value of $3,568,750 which yield an interest of 7 86 per cent per annum
upon the investment.
F» r the eight months from Jan. 1 to Sept. 1, 1884. the gross earnings
of lines east of Pittsburg and Erie were $31,940,228, against $33,258,909 in 1883; net earnings, $11,654,865, against $12,154,182 in 1883.
An abstract of the latest report issued, that for 1883, was published in
the Chronicle (V. 38, pp. 291 and 296).
A summary of the total business of 1883 in tonnage, passengers and
income, compared with previous years, is shown in the following :
ALL LINES EAST OF FITT8BURG A ERIE.
1880.
1881.
1882.
1883.
Gross earnings
$41,260,073 $44,124,192 $49,079,834 $51,083,252

Operating expenses.

(V. 36, p. 358.)

48 miles. Opened
practical monopoly
Pacific Railroads in
1869. Of the general mortgage bonds $1,000,000 fall due in ten halfyearly payments beginning October, 1884 and balance in October,
1897.
The $2,857,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy payable to the U. S. of Colombia by
the company. In June, 1881, most of the stock was sold to parties
interested in the De Lessens Panama Canal Co. The report for 1883 was
in V. 38, p. 423, showing net income of $1,690,569, and a surplus, after
paying 13*2 per cent dividends, of $206,792. (V. 38, p. 423.)
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater
son, N. J., 15 miles.
The road was opened in 1834, and leased
in perpetuity September 9,1852, to the New York A Erie, at a rental of
$4 8,400 per year, and is operated by the New York Lake Erie A Western
as part of its main line.
J. S. Rogers, President, New York City.
Pennsylvania.—Link of Road—The Pennsylvania system embraces
about 5,500 miles of railroad, including all east and west of Pittsburg,
and a clear idea of the territory covered can only be conveyed by a map.
At the close of 1883 the mileage operated east of Pittsburg & Erie, on
which earnings as reported were based, was divided as follows: Penn¬
sylvania Division and branches, 1,313; Philadelphia & Erie Division,
287; United Railroads of N. J. and branches, 435; total operated, New

Panama.—Owns from Aspinwall to Panama,
through January 28, 1855.
This road had a
of the California business till the opening of the

York to Pittsburg,

When

4*2

20,000,000
2,570,000

50

1,000
1,000
1,000
1,000

....

254

Rate per
Cent.

$1,320,400
400,000

1,000

Oswego Sc Syracuse.—Owns from Oswego,
N. Y.f 35 miles.
Leased in 18G8 to t-lie Delaware Lack. A
for 9 per cent per year on stock and interest on
gross earnings, $477,254; net, $199,020.
Owensboro Sc Nashville.—Owns from Owensboro,

proceedings pending.

Outstanding

500 Ac.

1864
1876
1883
1881
1879
1879

*47

Evansville—Stock

(Pekin to Mattoon)
do
not

.

Amount

$50

35
35

pal,When Dne.

*

Miles
of

$1,000,000)
Nashville—1st mortgage, gold

Panama— Stock
General mortgage,

discovered in tliese Tables.
Bonds— Priu

INTEREST OR DIVIDEND.

Syracuse—8tock, 9 per cent guar

Mortgage bonds
Consol, mortgage (guar. D. L.
Construction mort.. guar, (for

[VOL. XXXIX,

giving immediate notice of any error

great favor by

DESCRIPTION.
For

BONDS.

AND

STOCKS

HAILROAD

66

$18,432,429 $19,336,102
expenses of the Penn¬
but not including the roads west of Pittsburg

Net earnings .... $16,635,025 $17,414,373
The income account embraces all receipts and

sylvania Railroad proper,
& Erie operated by the Pennsylvania Company.
GENERAL INCOME ACCOUNT—(PENN. RR. CO.)
1881
1882.
Net income Penh. RR. Division.$10.131,718 $10,768,563
302,865
Net loss New Jersey Division ..
568,758

$11,943,432
653,914

charges.... $9,828,853

$10,199,805

$11,289,516

$600,000

$600,000

$600,000

282,810

280,860

Balance over all
Deduct—

Payments to trust fund
Consol, mortgage redeemed
Balt. & Poto. RR.—Advances
Shamokin Coal Co.—Advances .
Phila. & Erie—Deficiency.
Allegheny Val. RR.—Deficiency
Do
Advances.
Snub. Haz.

286,480
143,332
7,000
175,973
242,621
157,464
50,000
15,000

AWilk.—Deficiency.

Fred. & Penn. Line RR.
do
Am. SS. Co.—Int. and advances.

Rate of

dividend.

with branches, 2,036.

Pennsylvania Rail¬
Pittsburg.

Organization, Leases, Ac.—The charter of the
road was dated April 13. 1846, for a line from Harrisburg to
The line from Harrisburg to Philadelphia was under other organizations,

including the State Railroad, and the Harrisburg Portsmouth Mt. Joy A
Lancaster is still operated under a lease though forming part of the
main line. Road opened in 1854. The great number of leases, both east
and west of Pittsburg, were made for the most part under the adminis¬
trations of .T. Ed* ar Thomson and Thos. A. Scott in the few years preced
Ing 1873. The terms of the leases will be found under the names of

the

respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control and operate all tho lines west of Pittsburg A Erie,
and the Pennsylvania Railroad Co. holds all the stock of the Pennsylva¬
nia Company; the similarity of names has given rise to much confusion.
Stock and Bonds.—The Pennsylvania Railroad stock has been in¬
creased from time to time, chiefly by the sale of stock at par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬
ments. In the period of depression following 1873 the Pennsylvania
RR. dividends were reduced and sometimes passed. The dividends paid
each year since 1870 have been—in 1871,1872, 1873 and 1874, 10 per
cent each year; in 1875 and 1876, 8 per cent each year; in 1877. 4 ; in
1878, 2 ; in 1879. 4^; in 1880, 6 and 1 per cent in scrip; in 1881, 8 ;
in 1882, 8*2: in 1883, 8*2.
The prices of the stock yearly in Philadelphia since 1875 have, been—
In 1876, 45®58%; in 1877, 24*V®49; in 1878, 27^35 *4; in 1879, 32^
©5138; in 1880,4856714; in 1881. 59*2^70*8; in 1882, 53?8®65i4;
in 1883, 56is®64^; in 1884 to Oct. 17, 49%®6l.

31,747,150

24,625,048 26,709,809 -30,647,405

1883.

3,500
'

251,520

257,384
361*591

409,490

50.010
15,000

15,000

90.000

115,000

180,000

$1,767,870
$8,060,983
5,861.718
(S)

$1,685,285
$9,514,520
6,890,715

$1,736,970
$9,552,646

(8ie)

(8*2)

$2,199,265

$1,623,805

350,866

226,755

$2,550,131

$1,850,560

$2,021,996

7,793,949

10,344,079

603,452
12,191,639

7,530.650
$2,021,996

L

profit on sale of securities....
Deduct balance in settlement
of claims and old accounts ...
To credit of profit & loss Jan. 1.
To credit

profit & loss Dec. 31... $10,344,079

$12,194,639 $13,613,183
V. 38, p. 31, 116,
510, 541, 630,

—(V. 37, p. 23, 202, 343, 448, 480, 510, 535, 595. 720:
196, 203, 241, 262, 275, 291, 296, 323, 370, 388. 493,
647, 707, 751, 764; V. 39, p. 48. 85, 96, 202, 220. 234, 337,

349.)

Pennsylvania Company.—The Pennsylvania Company is a cor¬
poration chartered by the Pennsylvania Legislature, April 7, 1870, dis¬
tinct from the Pennsylvania RR., and operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
W. & Chic, special stock. The gold bonds of 1921 are secured by a deposit
in.trust of the leases of the Pitts. Ft. W. A Chic, and the Cleve. A Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of themort. are Wistar Morris, Edmund Smith and S. M. Feltor. The
sinking fund is 1 per cent per annum if the bonds can he bought at par.
The whole number of miles operated or in any way controLled-

account of the company showed
1880; $1,866,183 in 1881;
37, p. 98.)
Pennsylvania Sc New York (Canal and Railway).—Own*
In March, 1881, the company purchased 217,819 shares of the Phila¬ from Wilkesbarre, Pa., to N. Y. L. E. & W. RR. near New York State
delphia Wilmington A Baltimore RR., and the directors authorized the Line, 104 miles. Branches to mines, 23 miles. Operated in connection
issue of $20,000,000 new stock of the Pennsylvania RR. In July. 1881, with the Lehigh Valley Railroad as a northern outlet. Common stock,
the 4 per ct. bonds secured by P. W. & B. stock were issued, and they art- $1,061,700, and preferred stock, $4,000,000. Gross earnings in 1881-82,
purchased veariv at not over par with the surplus proceeds of Ph. W. A $2,303,544; net, $1,043,401, Gross in 1882-83, $2,316,847; net,
B. dividends paid
the
of
to the trustees, and not

needed for

payment
’nt.
of mortgage

The collateral trust loan of 1883 is secured by the deposit
bonds of subsidiary lines to the par value of $12,500,000.

Operations, Finances. Ac.—Tlie Pennsylvania RR. was theflrstin the
United States to begin the practice of leasing or controlling a great number
of branch and connecting roads to secure the business in certain terriories. The company finally gave up its interest in roads south of the
Potomac, including the Richmond A Danville. The total cost to the Penn¬

sylvania Railroad Co. of the stocks and bonds of other companies held
in its treasury was $95,331,716 (par value of the same $125,405,519).
most of which is represented on the other side of the balance sheet by
issues of Pennsylvania Railroad stock and bonds and other debit items,
the balance to credit of “ profit and loss” is $13,613,184.
A scheme to buy up the company’s guaranteed securities with $600,000 per year




from earnings is in operation,

and the entire amount

by this company

is 3,232. The income

profits over all liabilities of $1,896,487 in
$1,867,883 in 1882; $872,829 in 1883. (V.

net

Elisha P.
Pennsylvania Scliuylkiil Valley.—June 1,1883, the organizartion of tliis company was completed by consolidation between the Phila¬
delphia Norristown A Phcenixvilie, the Phcenixvilie Pottstown & Read¬
The road
ing and the Phcenixvilie & West Chester railroad companies.
is projected to extend from Philadelphia to Reading, and is controlled
by the Pennsylvania Railroad Company. The capital is $4,500,(k-0.
Peoria Sc Bureau Valley.—Owns from Bureau Junctiou to Peo¬
ria, Ill., 47 miles. The road was leased in perpetuity April 14,1854, to
the Chicago & Rock Island Railroad at a rental of $125,000 per annum.
-***1
Officers same as Rock Island.
Peoria Decatur Sc Evansville.—Owns from Peoria to Evansville,
235 miles; branch—Stewartsvilie, Ind., to New Harmony, Ind., 6

$961,821. Ten per cent paid on pref.
Wilbur, President, Philadelphia, Pa.

stock in-January, 1884.

t' l

RAILROAD

October, 1884.J

Subscribers will confer a great

AND

STOCKS

DESCRIPTION.
on

column headings, &c., see notes

first page

of tables.

Peoria Decatur db Evansville—(Continued)
1st mortgage (Evansv. Div.)
Income bonds (Evansv. Div.), not cumulative—
Peoria <£ Pekin Union—1st mortgage, gold, coupon
Income mortgage, non-cumuiative, gold
Perkiomen—1st mortgage
Consol, mort., gold, guar. P. A R., (sink. fund)...

Peterborough (N. if.;—Stock
Bonds (not mort.),

Miles
of

20
20
38
38
11
63
82

1880
1880
1881
1881
1867
1873

Amount

Outstanding

$1,470,000
1,230,000

$1,000
1,000
1,000

1,500,000
1,500,000

1,000
100

1,000
100
500 Ac.
100

'*83

Preferred stock
1st mort., SunburyA E. (extended 20 years in ’77).
2d mortgage
General M., g., guar by Pa.RR.($5,263,000 rg. 5s)
Phila. QermanVn dk Chestnut Hill—1st mort., guar
-

Philadelphia Germantown dc Norristown—Stock.
Philadelphia <£• Long Branch—1st mortgage
Philadelphia Newtown <£■ New York—Stock
Bonds, guar, by Phila. & Read., coup
Philadelphia & Reading—Stock, common

1881
1871

40

1857
186S
1869

1,000
100 Ac,
50
50

1,000
1,000

1,000
50

29

1833
21
932
932

50
100 Ac.
50
50

....

1884
£500
1843
1,000
1843-9
500 Ac,
1857

Mortgage loan, sterling, coupon

dollars, coupon
convertible, coupon

50

83
27
287
287
287
287

799,600
1,125.000
385,000
89,000

discovered in these Tables.
Ronds—Princi¬

INTEREST OR DIVIDENDS.

Rate per When Where
Cent.
Payable

6
6
9 g.
9 g.
6
6 g.
3
9

1,324,200

M. A S.
M. A 8.

pal, When Due,

Payable, and by
Whom.

New York.
do

Q.-F. N.Y..W.H BrownA Bro.
do
do
May 1.
A O.

A.
J.
M.
A.

Phila., Phil. A Read.RR

Go
do
A D.
A N
Nashua, Treasurer.
A O. Boston, N. E. Trust Co.

Petersburg, Va.

375,000
560,000

8

900,000
2,495.600
l.OCO,000
1,100,000
7,015,000

9

f. A J.
J. A J.
A. A O.

5
7

M. A N. N.Y., Company s Office,
do
do
A. A O.

7
7

A. A O.
J. A J.

1 vij
1881

1881

Bonds, class B

Philadelphia <6 Balt. Central—Stock
1st mortgage (for $2,500,000)
Westchester Si Phila., 1st mortgage
Philadelphia <£• Arte—Stock, common

do

or

Par
Value.

Road. Bonds

Bonds, class A

do

Size,

Date
of

1877

redeemable after 1882

Petersburg—Stock ($323,500 preferred)
1st mort. bonds (payable $25,000 yearly)

Preferred stock
Receiver’s certificates

i

favor by giving immediate notice of any error
--

For explanation of

67

RONDS.

5

2.400.000

976,000
3,000,000
13,943,000
1,000,000
2.231,900
900,000
1,200,000
700,000
33.182,875

1,551,800
(?)
967,200

1,499,500
79,000

5 A 6 g.

Q.-J.

4*2
3
5

2*2
3*2

Philadelphia, Pa. RR.
Philadelphia, Pa. RR.

1. 1921
Apr. 1, 1887
June 1, 1913
Nov., 1884
Oct. 1, 1897
Feb.

18 7*9-’98
July 1, 1926
Oct. 1, 1926

Jan

,

1911

April 1, 1891
Oct.

1. 1897

July 1, 1S8?
Philadelphia A London. July, 1, 1920
do

do

1

:

:3

Phila., Treasurer of Co.

Sept. 3, 1884

:

:

A. A O.

Phila., 227 So. 4th St.

Oct.

Q.-J.
Q.-J.

Philadelphia, Office.

Jan.

do

4, 5, 6
9
6
6

Sept. 1, 1920
Sept. 1, 1920
Feb. 1, 1921

:

<y

:

6

do

Stocks—Last
Dividend.

J.
J.
J.

A J.
A J.j
A J.|

do
London.

Philadelphia, Office.
do

do

1, 1897
25,1876
1880

July, 1910
July, 1910
July, 1886

.1

miles; leased, Pekin, III., to Peoria, Ill., 10 miles; through Decatur,
3 miles; total, 254 miles.
This road is a consolidation of the
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and the Grayville A Mattoou. Annual report for
1883 iu V. 38, p. 387. Gross earnings in 1883, $721,254; net, $218,311;
interest on mort. bonds, $105,420; payment on equipment certificates.

iCr.w*a8oW-"~

12,012 shares, giving control of the property, and guarantee*
bonds;
j the road is operated in connection with the North Pennsylvania RR.
Earnings in 1881-82, $60,000; expenses. $126,422 ; deficit, $65,717.
1882-83 earnings, $68,447; expenses, $102,259 ; deficit, $33,812.

In

Philadelphia Sc Beading.— Line of Road—Owns main line,
Philadelphia to Mount Carbon, Pa., 98 miles; branches owred, 228
miles; leased lines,532 miles; roads controlled, 73 miles; total oper¬
ated in Nov., 1883,932 miles. Those leased lines include the No Pennsyl¬
vania and Delaware A Bound Brook roads, from Philadelphia to Bound
Brook, N. J.. and branch to Trenton, but not the Central of New Jersey
roads. In May, 1883, leased the Central RR. of New Jersey, including
its leased lines in Pennsylvania, 650 miles, but 63 miles of these roads

$40,000; surplus. $12,891. (V. 37, p. 200, 375; V. 38, p. 387 )
Peoria Sc Pekin Union.—Owns from Pekin to Peoria, 10 miles
on each side of 111. River; total operated, 20 miles.
The road is a union
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Opened Feb
1881. In 1882-83, gross receipts, $399,125; net, $183,225; balance are sub let to other companies. In June, 1883, the Shamokin Sunbury
over interest and rentals, $78,102.
A. L. Hopkins, President, New & Lewisburg was finished, and this, in connection with the Jersey
Shore Pine Creek & Buffalo road to Stokesdale, forms over other lines
York. (V. 30, p. 253.)
the important connection with the New York Central & Hudson lines at
Perkiomen.—Owns from Perkiomen Junction, Pa., to Ernaus Geneva and Lyons, N. Y.
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
Organization, Leases, Ac.—The Philadelphia A Reading Company
1868, to Phila. & Reading RR., and bonds guaranteed by the lessees; but
was chartered April 4, 1833, to build from Philadelphia to Reading, and
the property was surrendered and all control given up in May, 1879
on
May 13,1872, the Mount Carbon Railroad was merged and became
Stock, $38,040. The balance sheet gives on the credit side $781,120 as
Pottsville
in Jan.,
Philadelphia A Reading loan account. Net earnings in 1881-82, $122,- part or Hie main line. Road ^opened Philadelphia tonumber
of roads In
295; in 1882-83, $115,804. Interest on debt; $115,476. (V. 38, p. 107.)
Colebrookdale,
Peterborough.—Owns from Wilton to Greenfield, N. H., 11 miles.
l Valley, Phila¬
Completed Jan. 1, 1874. and leased by Nashua & Lowell Railroad delphia Germantown A Norristown, Philadelphia A Chester, and some
for 20 years from 1873 at 6 per cent on cost of the road. In 1879 minor roads;
also the North Pennsylvania Railroad and Delaware
lessees withheld rental, but a suit was decided in favor of Peterborough. A Bound Brook, forming the line from Philadelphia to New York. In
James Scott, President, Peterborough, N. H.
May, 1883, the Central or New Jersey was leased, including the leased
Petersburg.—Petersburg. Va., to Weldon, N. C., 63 miles. In May lines of that company in Pennsylvania. The fiscal year ends Novem¬
1377. a receiver was appointed, but steps were taken by second mort
ber 30. The annual election is held early in January and stock must
stand in the name of a holder for three months prior to the elec¬
323,500 preferred stock and $1,000,700 common stock. On preferred tion to entitle such holder to vote.
stock 3 per cent was paid te 1882-83
The Philadelphia A Reading Coal A Iron Company is a corporation
In 1881-2, gross earnings, $298,formed (Dec. 12,1871) for the purpose of owning and working the ex¬
543; net, $138,840; in 1882-83, gross, $335,179; net, $154,215.
Philadelphia Sc Baltimore Central.—Philadelphia to West¬ tensive coal properties of this company. The Phila. A Read. RR^Co. owns
all the stock ($8,000,000) of the Coal A IroD Company.
chester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
The Phila. A Read. RR. and the Iron Company were in the hands of
leased Chester Creek Railroad, 7 miles, and Columbia A Port Deposit
Railroad, 4 miles; total operated, 83 miles. This was a consolidation, receivers from May, 1880, to May, 1883. Again in June, 1884, receivers
Oct., 1881, of the Philadelphia & Baltimore Central and the Westches¬ were appointed.
ter & Philadelphia railroads. Of the new dock Philadelphia Wilming¬
Stock and Bonds.—Tlie preferred stock is of small amount, and did
ton & Baltimore nolds $1,669,400.
Iu 1882 gross earnings, $663,956; not receive any dividends from 1880 till 1884, when 2> per cent for
net, $152.h93; deficit after paying all charges, $5,943. In 1883 net back dividends was voted, contingent on the negotiation of the collateral
trust loan. The dividends paid on Philadelphia A Reading stock from
earnings $lu0.948; deficit, $15,686.
Philadelphia Sc Erie.—Owus from Banbury to Erie, 287 miles 1870 to 1875, inclusive, were 10 per cent each year; in 1876 2^ per cent
Formerly Bunbury A Erie RR. It was leased to Pennsylvania RR. for was paid and nothing since.
The range of P A B. stock yearly in Philadelphia since 1875 has been :
999 years from Jan. 1. 1862, the lessees to pay 30 per cent ot gross
receipt as rental, but modified January 1, 1870, so that actual net in 1876, 18*20)55; in 1877, lOa^O1.*; in 1878, ll^sib^; in 1879,
receipts are paid as rental. The consolidated mortgage is guaranteed by 11 1s@3758; in 1880, 6%®36ia; iu 1881, 2538s>3714; in 1882,23ie3>
the Pennsylvania Railroad. The unpaid coupons of $1,569,392 are held 335s; in 1883, 23^®30^; in 1884 to Oct. 17, 103^304.
The bonds in the table above are arranged witli the mortgage bonds
by the lessee for advances.
For eight months from Jan. 1, 1881, gross earnings were $2,309,441, placed first, then the plain debentures, income bonds, scrip, <vc. Of the
dated in 1874, $5,000,000 more at 7 per cent
against $2,656,162; net, $-53,406, against $943,609.
Last annual general mortgage bondsUnder
were issued in 1882.
the sinking fund clause the right lias been
report in Chronicle, Y. 38, p. 228, giving the following:
claimed by Mr. Goweu to pay oft the general mortgage bonds at any
INCOME ACCOUNT.
time on proper notice.
The trustees of the general mortgage of
1883.
1882.
1881.
1880.

tage bondholders to prevent a sale, and

Total gross

earnings..
receipts—
Net earnings

reorganization was made with

$
3,727.733

$
3,454,309

$
4,011,414

$
4,108,843

1,369,380

1,024,250

1,411.880

1,488,020

4,840

4,835

3.586

4,892

1,374,220

1,029.085

1,415.466
$
1,062,270
160,410

1,492,912
$
1,062,270

Net

Rents

Total income

$

Disbursements—

Interest
Interest

on

debt

on

equipm’t.

Extraordln’ry

expen.

Miscellaneous

$

1,093,720

1,077,995

162,200
106,567
37,306

165,345
135,278

45,710

95,087

162,281
10,000
43,024

1,317,767
1,399,793
1,424,328
1,277,575
def.. def.25,573 def.395,243 sur.97,699 sur.215,337
—(V. 36. p. 25<l 4801 V. 38, p 31.228.)
Philadelphia Germantown Sc Chestnut Hill.—In Philadel-

Total disbursements.

Balance,

*

sur. or

?hiafrom
6^ miles.
Connecring
Railroad
to Pennsylvania
Chestnut Hill, RR.
Fromguar¬
May
1883, leased
for 3o years
to the
Co., which
,

the bonds. (V. 36. p. 366.)
Philadelphia Germantown Sc Norristown.— Philadelphia.
Pa., to -Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased
Nov. 10, 1870, to Philadelphia A Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬
antees 4^ per cent on

dends of 12 per cent per annum are

regularly paid.
Philadelphia Sc Lon^ Branch.—A consolidation iu 1883 of the

Pemberton A N. Y. r<>ad and the Philadelphia A Long Branch
tends from Pemberton Junction to the N. Y. A Long Branch

road. Ex¬
road, near
Bay Head, N J., — miles. Stock is $900,000, of which $750,000, to¬
gether with $750,000 bonds, arc held by Pennsylvania Railroad Co.
Philadelphia Newtown & New York.—Owns from ErieAve.,
Philadelphia, to Newtown, Po. 21 miles. Capital stock, $1,200,000.
On November 10, 1879, the Philadelphia & Reading Railroad purchased




1874 hold the bonds of the Coal A Iron
of 1874 and the Philadelphia A Reading

Co., viz., $29,737,905 mortgage

Co. also holds the $10,000,000

mortgage of the Coal A Iron Co. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock. In January, 1883, the con¬
vertible adjustment scrip was issued, secured by $4,000,000 income

mortgage (see terms in V. 36. p.

48), payable on 9i) days’ notice any

time after July, 1885, and convertible into stock at par. and the new
consol, mortgage dated in 1882, due iu 1922,1s issued in adjustment
of certain liabilities, and of this mortgage $6,000,000 of the first series
and $5,000,000 second series were listed at the New York Stock Ex¬

change in June, 1883. In addition to the bonds above given there were
P. A R. real estate mortgages amounting, Nov. 30, 1883, to $2,049,030,
and P. A R. Coal A Iron Co. real estate mortgages of $690,988, ana
Locust Dale mortgage $156,000.
In the annual report for 1883, Mr. Gowen (V. 3*. p. 86) stated the

total

floating debt Jan. lo, 1884, at $6,754,000. and

the amount yet due
the

50,000 shares of Central of N. J. stock purchased. $3,460,311;
income mortgage bondH outstanding to be retired were $2,141,000.
Operations, Finances, Ac.—The Philadelphia A Reading Co.
on

has

largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia A Reading Coul A Iron Co., became a large owner of
coal lands. Between 1870 and 1876 theP. A R. increased heavily its
capital account in the purchase of new properties, and after paying 10
per cent dividends for some years ceased to pay after Jan., 1876.
In May, 1880, the company suspended payment, and on May 24
receivers were appointed and held possession till May. 1S83. But in
June. 1881. the company again went into receivers’ hands.
In 1883 the P. A R. Co assumed a new position in two respecte, first
by building the connecting line to carry coal to the New York Central
A Hudson, and secondly by leasing the Central of New Jersey railroad
system, assuming all its liabilities and agreeing to pav 6 per cent a year
on the Central of New Jersey stock.
By this lease all the Central of N.J.
coal lands and coal traffic were controlled, giving the Phila. A Reading
control of about 40 per cent of the anthracite coal business.
been the

68

RAILROAD

Subscribers will confer

Miles

explanation of column headings, Ac.,
on first page of tables.

see

notes

of

Road.

Philadelphia <£ Reading— (Continued)—
Mortgage loans, coupon
Consol, mort.

($8,193,000

are

gold 6s) cp.

Improvement

or reg.

mort., gold, $ or £, coup
Gen. mort., gold, $ and £, cp.($.3,000,000 are 7s).
Income mortgage, $
Consol. M, of ’82, 1st ser., gold (for $80,000,000).

180-32

do

2d

series

(for $80,000,000)

.

Debenture loan, coup
do
convertible, coupon

=>

_

-

>.
»

Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomeu, G, sterling,.

Deferred Income bonds
Conv. adjustment scrip (for $1,000,000)
Car trust certificates.
do
do
P. & R. Coal A I., purchase money mort. bonds...
do
debenture loan

Philadelphia d Trenton—Stock
Philadelphia Wilmington & Baltimore—Stock
Plain bonds, loan
do
do
do

Pittsburg Cleveland d• Toledo—1st mortgage

Outstanding

$1,000

$2,700,000

1868
1871
1873
1874
1876
1882
1883
1868
1873
1377
1877
1882
1383
1883
1884
1872-4
1872

200 Ac,

i8,811,000

1,000

9,364,000
24,686,000

1.000
1,000
500 Ac.
500 &c.
100 Ac.
100 Ac.
10 Ac.
90 Ac.
50 Ac.

125
33
149
10
149

1868
1859
1876

.

Earnings.

Earnings.

Railroad traffic...$20,333,649
$8,861,139
Canal traffic
841,143
332,452
Steam colliers
618,490
271,548
Richmond barges.
66,834 Loss. 17,543

923,638
533,351
64,950

....

Year.

Rentals.

Net
Revenue. Interest, Ao.

1.555,020
2,000,000
(?)
12,200,000
1,152,000
1,259,100
11,794,850
1,000,000
700,000
800,000

.

Earnings.
$10,375,506
391,772
179,845
Loss. 13,715

Profit.

Philadelphia Wilmington Sc Baltimore.—Mileage as follows:
Philadelphia Wilmington A Baltimore KR., 12 - miles; Philadelphia <fc

Baltimore Central, 73; Delaware RR, lot
; Queen Anne & Kent RR..
26; Delaware A Chesapeake Bay, 55; Camden* A Scaford RR., 27
; total
operated, 4 >7 miles. Owns over half the stock of the Phil. A Balt. Cent.
This road on the main route,
Philadelphia to Baltimore, has beeu

rofitable,

paying regular dividends, with a considerable surplus. From
870 dividends of 8 per cent on the stock have been
paid each year.
In April, 18*1, nearly the whole stock was
purchased and is held by
Penn. RR. Co. Income account was as follows:
INCOME ACCOUNT.

112

i; g

1,451,521
88,6^8

1,4'9,438

1«R2.
973

1883.
407
$

1,751,598
It 3, .53

1,675,^97
109,34 3

Receipts
Net earnings

Other receipts
Total income

Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends, 8 per et..
Miscellaneous

153,270

1.540,209
$

1,562.758

1,851.856

$

$

219,934
85,29-1

242,9*9
94,203
935,512

926,030

Total disbursem’ts.

1,231,312

Balance, surplus.....

1,272,704

3<>8.897

290,054

54,367
943,604
13,170

1,785,245
$
285,329
211,778
4-<,234
943,604
150,133

1,522,842
332,014

1,639,078
146,167

331,417
180.284

-(V. 36, p. 282 ; V. 38, p. 259.)
Ptttsbu g Cleveland Sc Toledo.— From Newcastle
Junction, Pa-,
to Va:ley .turn tion. '> 77 miles, stock
$3,OoO,000, par $50. Leased in
July, 1*84. for o ■ \ ears, at a rental which pays interest on the bonds,
to Pittsburg A V> ''stent. \\ hick is contr* lied
by Balt. A Ohio.
,

Pittsburg Cincinnati A. St. Louis.-Owns

from Pittsburg, Pa,,
iles; branch to Cadiz, Ohio, 8 miles; total, 201
miles. This w:t a consolidation of several
companies. May 1, 1868, in¬
cluding tin* Steubenville A Indiana and the Pan Handle roads. This com¬
pany is controlled by tin* Penn. Company, through the ownership of a
majority of Its -tuck. Tills company also held leases of the Little Miami
ami its dependencies.
Operated by Mie Penna. Company, and earnings
separately stated. Common si >fV, $2,508,000; first nref. $2,929,200;
to

Columbus, Ohio, 193




n

6
6
6
5
6
7

A, A O.
J. AD.
A. A 0.
J. A J,
J. A D.
M. A N.
F. A A.
J. A J
J. A: J.
J. A J.
J. A J.

A

6.292.000

Where

Payable, and by

Dividend.

Philadelphia, Office.
Philadelpliia A London.
do
do

Oct.

-

F.
A.

5

J.
J.
F.

J.
F.
T.

sr.

1897

Phila. and London.
do
do

Dec. 1, 1896
Feb. 1, 1933
Feb. 1, 1933

Philadelphia, Office.

July 1, 1893

Philadelphia, Office.

do
do

do
do

Jan.

1.

1893

July, 1882-84
July, 1882-85

Philadelphia A London.

Irredeemable.
J.

Philadelphia A Loudon. Jan. 1, 1888

Philadelphia, Office.

A.

1,

July 1. 1908

Q.-J.
A
A
A
A
A
A
&
A
A
A
A
A
A
A

Oct. I, 1893
June, 1911

do
do

Philadelphia, Office:

.1.
A.
A.
A.
L

Stocks—Last

Whom.

Various
M. A S.

7

7
6
7
6
6

120,000

do

1892 to i894
1892
Oct, 10, 1884
July 2, 1884

do

J. Philadelphia A Boston.
0.
do
do
0. Phil’delphia, Co.’s Office
O.
do
do
D.
do
do
0.
New York.
A. Phila., Pa., RR. Office.
do
O.
do
J.
do
do
J.
do
do
A.
do
do
J. Balt., Balt. A Ohio RR.
A. Pittsl)., First Nat. Bank
J. Lorn Inn..LS.Moriran ACn

April, 1887

Oct.

1.

1892

April 1. 1900
June, 1910
1, 1922
Aug. 1, 1900
April 1, 1913
Oct..

Jan. 1914
Jan.. 1900
1893

July, 1898
Aug. 1, 1889
Jan.

1, 1926

second

preferred, $3.000,000;'par value of shares, $50. Authorized
of 1st mort. $10,000,000, of which $3,137,000 reserved to take
up prior liens.
The report for the year 1883, in V. 33, p. 645, said: “The
tonnage
transported was 3,466,541 tons, against 3.125,645 tons in 1882, an in¬
crease of 340,899 tons, mainly in coal and live stock.
The coke traffic
shows a decrease of about 25 per cent, or 84,346 tons, and
grain a de¬
crease of 78,097 tons.
There was an increase in freight earnings of
$315,669, of which $179,521 was from through tonnage. The average
rate received per ton per mile was 7 6 mills, as compared with 7 mills
for the previous year, but the average cost also shows a slight increase.
There were carried 1.235.983 passengers, as compared with 1,161,538
in 18<2. the gain being on local travel, Th> re was an increase of
$57,794
in pas’ger car-rgs, the rates being belt* 1* on both local and
through truffle.
“The increase in expenses was mainly due 10 the cost of re
building
engines,
and an outlay of $91,465 upon the new shops at Columbus.”
*
amount

*

*

‘

Under the re-organization of the Col. Chic & Ind Central
mpany, already referred to, your eoinuauy received in settle¬
ment of its claim against the former $1,028,668 of the preferred and
common stock of the Chic. St. Louis &
Pittsburg Railroad Company.”
Comparative statistics for four years were as follows
1880.
1881.
1882.
1883
Miles owned A oper.
201
201
201
201

Railway C

EARNINGS AND EXPENSES.

Earnings—

$

$

Total gross earnings.
Total operating exp.

4,323,407
2,290,725

4,069,053
2,759,740

4,214,923
2,831,000

4,623,740
3,087,465

Net earnings
P.c.of op.ex.to cam's

2,032,682

1,309,313

1,383,923

67*82

1,536,275

67* L7

66*77

52 98
INCOME

1880.

Receipts—

Total income
Disbursements—
Rentals paid
Interest on debt.....
Other interest
Int .on C. AM.Val.bda.
Loss on St. L. V. AT. H.
Miscellaneous
Total
Balance

2,032,682
16.o4I

647,858

$

ACCOUNT.*
1881.

$

Net earnings
Rentals and interest
Net from l’sed roads.
Miscellaneous

*

1881.

2bj

4,000,000
326,600

100 Ac.
£200

When

Payable

J.

4

3,000,000
134,000

1,00*0

Net

Bonds—Pri nci •

pal,When Due.

....

6 A 7
7

6,863,000
2,500,000

1.000

York division.

Miles of road

fVou xxxix.

6

•

1,000
1,000
1,000

$35,286,463 $28,598,114 $6,688,348 $6,505,093
$183,256
37.300,161
30,053,228
7,246,933
6,363.989
882,944
40,015,GIG
31,705,682 8,339,934 6,816.183
1,523.7a 1
The preceding statements include nothing of the Central of New
Jersey RR. operations. (V. 38, p. 61, 85, >48, 241, 259, 262. 388, 399,
424, 521, 541, 558, 62 ", 630, 647, 661. 679, 707, 731; V. 39, p. 3, 22,
109, 128, 157, 209, 220, 234, 330, 3»2, 402.)
Philadelphia Sc Trenton.—Owns from Kensington, Pa., to Mor
risviLie, Pa., 26 miles and Tioga Branch, 1 mile; leased--Trenton Bridge
Connecting Railroad, 7 miles, and Frankford A Holmesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Doc. 1, 1871, it was
leased witli the United Companies of New
Jersey to the Pennsylvania
Railroad, at 10 per cent on stock, and is operated as a part oi its Ne w

1880.

6
6
6
6

1,000,000

follows for five years past:

Op. Exp. and

i

25,501,030
2,232,940

showing the earnings and expenses, the fixed charges for interest,
rentals, Ac. (but not including any payments to sinking funds), arc given
Gross
Revenue.

6
r?

2,400,000

Total
$21,890,116 $9,447,596 $23,006,756 $10,933,409
The joint statement of the Railroad and the Coal and Iron
companies,

as

7
6 g. or 7
6 g.
7 A 6 g.
7
5 S5 S•

613.114

1,000

1882-83.

Earnings.
$21,484,767

Rate per
Cent.

650,200
10,3-9,900

1,000
1,000

net, $3,236,507, against $4,313,959 in 1882-83. The loss on the Central
New Jersey lease in the same period was;$1,122,463.
From June 1 to Sept. 1 (three months) gross earnings
(including Cent,
of N. J.) were, $12,681,352,
against $14,182,193 in 1883;
net,
$1,063,836. against $1,794,183 in 1383.
The fiscal year ends November 30. The annual report of Mr. Gowen
for 1883 was published in the Chronicle of Jan.
19, 1834 (V, 38, p. *5
and 259), and covers so much ground that reference should bo made
thereto. The following table shows a comparison between the results
of the two years’ operations.
The earnings of the railroad Co. (not
including Central of New Jersey) were as follows:
Gross

1,689.587

50

.

.

,

3,133,064

1,000

The charges on Central of N. J. lease were heavy and coal profits
declined largely, so that on June 2,1884, G. DeB. Keim. El win M. Lewis
and Stephen A. Caldwell were appointed receivers of the Philadelphia A
Reading RR. and Iron Cos. No financial exhibit was made by the
receivers till Oct. 20, 1884, and that was in the Chronicle of Oct. 25.
The money to pay July iuterest was borrowed and receivers’ certificates
have been issued for several millions.
For six months from Dec. 1, 1883, to June 1.1884, the earnings of the
Phila. A Read including the Coal & Iron Co., but not
including the Cent,
of N. J., have been: Gross, $16,601.231; aminst$16,643,6 15 in 1832-83;

Net

2,141,000

500 Ac.

Holliday’s CoveRR. mortgage bonds

Pitl8b. d Connellsville.—1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. A O. (s. f. £7,200 pr. yr.)..

Amount

100

1867
1872-4
1875
1880
1882
1868
1873
1864
1864

77
200
200

Pitts. C.d St. L.—1st M., consol., reg. and coup
2d consol, mortgage
1st mort., Steub. A Ind., exteud. in 1884, reg
Col. A Newark Division bonds

1881-82.
Gross

BONDS

INTEREST OR DIVIDENDS.

Date
Size, or
Par
of
Bonds Value.

39
407

do
do
do

/

AND

great favor by giving Immediate notice of any error discovered In these Tables.

a

DESCRIPTION.
For

STOCKS

$

1882.

$

1883.

$
1,383,923

1,309,313
22,670
532,690

$

1,536,275

19.636

8,784

609,271

401,132

86,521
2,696,581
$
801,048
842,480
174,944

105,oOO
27,241

1,864,673

2,099.351

$
819.464
846,769
181,777
105,000

1,946,191

*

$

$

825,447
851,990

851,931

222,985

231,216

105,000

1O5.000
82,534

714,490

170,445

14,862
1,950.713
snr.

2,123.455

2,005,422
93,929

745,868 def. 258,782

2,000,033
dcf.53,842

sur.

Exclusive of Col. Chic. A Ind. Cent.
GENERAL BALANCE

AT CLOSE OF

1880.
Assets

1882

$

RR., equipment, Ac..
Stocks owned, cost..
Bonds owned, cost
Be.ttorm’ts to l’s’d r’ds
Bills &aects. recciv..
..

Materials, fuel, &c...
Cash on hand
Ciu. Str. Conn. Ry...
Profit A loss balance

10,942,295
58,399
283,000
706,241
1,076.528
625,859
462,183
64,639

Total assets..!...
Liabilities—

23,219,144

Stock, common
Stock, preferred.....

2,508,000
5,920,200

Bonds (seeSup’m’t)..
All ocher dues A acc’ts
Due Little Miami RR.
Due C. C. A I.C. RR
Cin. Street Conu.bdfl.
Miscellaneous
Profit A loss balance.
.

c

12,497,000
784,754
891,189

184,601
262,500
64,849
97,051

Total liabilities
23,219.144
-(V. 3*. p. 359, 645.)
.

Pittsburg Sc

EACH FISCAL YEAR.

1881.

19,979.033
58,399

283,000
835,376
980,133
732,474

$
20,605,107

57,299

1,085,967

283,000
656,777
1,001,034

1,107,502

20,318

832,930
437,707
64,639
282,465

297,465
64,639
376,393

23,606.912
^
2,508,000
5,929,200
12,617 000
1,118,636

1883.

$
19.995,963

,

23,611,814
^
2,508,000
5,929,200

474,337
317.725

64,639
232,415

23,908,010
^
2,508,000
5,929,200
12,617,000
1,692,961
847,360

853,890
184.601
262,500

12.H17.000
1,212,134
817,390
134,601
262,500

133,085

50,989

262,500
50,980

23,611,814

23,908,010

'*

23.606,912

Connellsville.—Owns

from

Pittsburg,

Pa.,

to

Mt. Savage June., Md.. 147 miles; branch, 2 miles; leased
lines, 22 miles;
total, 171 miles. On Dec. 13 1875, the property was leased to the Balt.
& Ohio ItR., and possession given Jan. 1, 1876. The L\ A C. is credited
with all the earnings and charged with all the expenses, and surplus

earnings

over interest charges are credited to the B. A O. Co for ad¬
The city of Baltimore transfened its interest to the Baltimore
A Ohio Railroad for $1,000,000, ami the consolidated sterling mortgage
was made and
guaranteed by the Baltimore A Ohio. It is operated as the
Pittsburg Division of the Baltimore A Ohio RR. In Feb., 1880, a judg¬
ment in favor of B. A 0. Co. was confessed lor $4,354,748.
Stock is
$1,941,100.
In 1879-80 tlie net earnings were $1,011,827; in 1830-31,
vances.

$1,124,473; in 1881-2, $1,512,125; in L882-83 $1,478,274.

ItAILltOAD

October, 1884.J
Subscribers will confer

a

STOCKS

j

Miles 1 Date
s

first page of tables.

Pittsburg Ft. Wayne, <t Chicago—Stock, guar
Special improvement stock, guaranteed
let mort. (series A to F)
2d
do
(series G to M)

i

Bonds ail

.

.

coupon,

bu t

>
may be made payabl a
)
to order.
Pittsburg, Ft. Wayne & Chic, construction bonds
Pittsburg & Lake Erie—Stook
1st mortgage, gold, coupon
Pittsburg McKeesport t£ Youghiogeny—1st mortg
Pittsb. Tee. & Charleston— 1st mortgage,
gold

3d mortgage

of
Road

468
468
468
468
468
...

Sizo.

Bonds

Value.

-

Outstanding

$100 $19,714,286
100
8,100,000
500 Ac.
5,250,000
500 Ae.
5,160,000
500 Ac.
2,000,000

1871
1862
1862
1862
1857

70
70

Amount

Par

(for $6,000,000

30
70

....

....

Consolidated mortgage
Equipment mortgage
Port Jervis <£ Mouticello—Stock
Port Royal <£ Augusta -1st
mortgage
2d mort., endorsed by Central Ga
A
Augusta
Knoxville
General mortgage income bonds, coup

24
112
112
68

....

Portland <6 Ogdensb.— 1st mort., gold
Consol, mortgage (for $3,300,000)
Portland <& Rochester—Stock ($600,000)
Portland Saco £ Portsmouth—Stock
Portsmouth c£ Dover-Stock
Portsmouth Ot. Falls d£ Conway—Stock
1st mortgage
i

Poughlceepsie Hartford <£ Boston— 1st and 2d mort.
Providence J Spring/.—1st M. *end. by
City Prov.).
Providence cC Worcester—Stock
New bonds

....

103

Consol mortgage
Port Huron <£ Northwestern— 1st
mortgage

1878
1882

1,000

100.000

50

2,050,000
2,000,000
2,250,600

1,000
....

1.000

1

1st

g.

1882
1881
1881

1,000

800,000

100 Ac.

1878
1870

1371

53

....

...

....

100 Ac.
500 Ac.!
100 Ac.
....

ioo
100
100
500 Ac.

....

....

....

1877
1875
1872

again in 1859. and was foreclosed Oct. 24, 1861, and
reorganized under
this title Feb. 26, 1862. On June 27,
1869, the company b ased all its
road and property to the Penn. RR. at a rental
equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred

The lessees

to

keep
the road in repair and also pay taxes,
expenses, Ae. The rental charge
Is about $2,930,000 per year, and the
profit to lessees lias been large
The Pittsburg Ft. Wayne A
Chicago leases the Newcastle & Reaver
Valley and the Lawrence roads, which in turn are leased again
are

by the

A. A O
J. A J.

do

A. <fc 0. N.
M. A 8
F. A a!

6
6
7
6
6 g.
6 g.

J.

3

769.000

3

770,000

3

1.000.000
535,000

4hj

500,000
2,500,000

7
3

1.242.000

6

do
do
do
do
do

do

7
6
7

1,500,000

....

Various
Various

6 g.
6

000,000

Y., Winslow, L, A Co.
do
do
do

J.
/.
A.
A.
J.
A.

!

100

N.

Q.-J.
Q.—J.

1\
7
7
7
7
10 s.
6 g.
7 g.
5

i

Where Payable, and by
Payable
Whom.

lh

....

275,500
755,000
917,000
165,000
724,276
250,000
121,000
630,000
1,500,000

When

pel

Cent.

!

1,000

....

Rate

800,000
2,268,000
532,009

....

Pittsburg Fort Wayne Ac Chicago.—Owns from Pittsburg, Pa.,
to Chicago, IU., 468 miles. The
company made default Oct. 1, 1857. ami

subsequently to the Pennsylvania Company.

3

....

1882
1880

60
94

51
11
71
71
42
23
66

4,095,000

.

1878

j

2.000.000

1,000
1,000

1879
1882

1877

Pennsylvania Co.

69

INTEREST OR DIVIDENDS.

orl

of

1182. 80-23.
.

mortgage, gold
Pittsburg (£ Western.—1st mort.,
1st mortgage. P. B. A B

BONDS.

great favor by giving immediate notice of
any error discovered in these Tables.

DESCRIPTION.
on

AND

A
A
A
A
A

N. Y., Phi la. A Pittsb.
J.
J. N.Y., Union Trust Co,
O.
Philadelphia.
O.
do
J. New York, 3 Broad St.
A O.
do
do

A

J.

•

N.

Y., First Nat. Bank.
do

do

City Bank.
Broadway.

J. A J.
J. A J.
Ml. A N.

Portland, Treas. Office.

I.
J.
J.
J.

Portamoutn, Treas,
Bust., Eastern RR. Co.

A J.
& J.
A J.
& D.

do

do

Boston, Office.
do

do

7

J.
r.

A J.
A J
A. A 0.

Dividend.
Oct.
Oct.

7, 1884
1, 1884
July 1, 1912
July l, 1912
July 1. 1912
Jan. 1, 1887
1863
J ly 1. 1928
1 <1U9

April 1, 1902
April I, 1912
July 1, 1921
Apiil 1, 1911
1911

Oct.
Mar.

Y., 252 Broadway.

N. Y., Nat.
N. Y., 252

Bonds—Prinol
pal,When Due
Stocks—Last

Jan.

1, 1899
1898
July 1, 1900
Jan. 1, 1899
Jan., 1900
Nov., 1901

July i5,*i884
July 1, 1884
July 15, 1873
July 2, 1937

Providence,Am. Nat.Bk

Providence, Otfiee.
do

1, 1899
1, 1922

do

1905
y 1, 1892
y 1, 1884
1897

Austin to Palms, 35; Port Huron to Almont, 34;
total. 218 miles. In
1882 gross earnings were $.245,218; net
earnings, $132,282; interest
payment. $87,225. In 1883 gross, $314,789; net.
$116,250; interest
p lymeuts, $119,104. John P. Sanborn, President, Port
Huron, Mich.
Port Jervis Ac Montleello,—Owns from Port
Jervis, N Y., to
Moutioello, N. Y., 24 miles.
Formerly the Mouticello A Port Jervis
RR., which was sold in foreclosure July 16,
1875, aud reorganized
as the present Port Jervis A Mouticello.
Gross earnings iu 1882-83,
$33,399; net, $5,150; 1881-82, gross, $31,920: deficit,
$4,123. The
stock ($72 4,276) was issued to the former holders
of first mortgage
bonds, ol which bonds $31,000 are still out.
'

Port Royal Ac Augusta.—Owns from Port
The first mortgage bonds arc in six series lettered A to F
Royal, 8. C., to Augusinclusive
ta, Ga.. 112 miles. Leased in Sept., 18S3, the
of $875,000 each series, the interest on “A” series
Augusta & Knoxville roatL
being
Jan.
payable
Augusta, Ga., to Greenwood, 8. C„ 63 miles, for 99 years, at 5 per cent
and July; on “B” it is February au 1
August; on “C” it is March and on stoek of $127,639, and assuming the bonded debt.
September; on “D” it is April and October; on “E” it is May and Nov., Royal Railroad.
Formerly Port
Defaulted Nov. 1, 1873, and receiver appointed
aud ou “F” it is June and December. The second
May 9,
1875. Sold in foreclosure June 6,1878, and
mortgage
is
also
in
for the bond¬
purchased
six series of $60,000 each, lettered II to M inclusive
(J omitted), aud the holders, who organized this company. The
Georgia Railroad was en
interest is payable Jim. and July ou “G” series, Feb. and Aug. ou “
dorser on $500,000 of the old bonds. The stock is
H,’
$750,000, aud in
March aud Sept, on 4‘ I,” April and Oct. on
K,” May and Nov. on “ L,’
June,
1881,
a
controlling
interest
was
purchased
and June and Dec. on *‘31.’* The bonds are
by Central Georgia RR.
coupon, but may be regis
parties.
Earnings
for
1882-83
compared
with
previous years as follows:
tered payable to order. Of the 1st mortgage bonds,
$1,337,500, and of
1882-83.
1881-82.
the 2d mortgage $1,587,500, and
1880-81.
$354,088 cash, were held in the sink¬ Gross earnings
"... $307,LOO
$320,234
$356,085
ing funds Jan. i, 1881. The special improvement stock is issued to Operatmg
expenses
272,112
280,227
241,198
Pennsylvania RR. for improvements, Ac., under article 16 of lease, viz.
‘•Article 16. The party of the first part
Net earnings
hereby agrees that, for the
$34,987
$40,006
$114,887
purpose of enabling the party of the second part to meet the obligations -(V. 38,
p. 541.)
of the party of the first part to the
public, by making from time to time
such improvements upon and additions to the saiu
Ac Ogdensburg.—Owns from Portland Me., to
Pittsburg Fort Wayne 91Portland
Fabyans,
Ac Chicago Railway, in the extension of facilities for
miles. It reaches the Vermont Division
increased business
(now 8t. Johnsbury A Lake
by additional tracks and depots, shops and equipments, and the substi Champlain) by using 14 miles of the Boston Concord A Montreal
RR.
tution of stone or iron bridges for wooden
bridges or steel rails for iron and a 3-mile link of its own. In 1876 the company made default on the
rails, the party of the first, part will issue, from time to time, a special 1 st mortgage interest and foreclosure proceedings were begun, but com¬
stock, which shall bear such name as shall be hereafter agreed upon, or promise was made by giving notes for overdue coupons
up to
1878.
bonds, or other securities.” * * w “ The said party of the second part Interest is not paid on the consolidated mortgage, of whichJuly,
the city of
shall guarantee the payment,
Portland
holds
$1,350,000.
The
semi-annually or quarterly, thereon ol
city of Portland owned a controlling
such rate of interest its may be agreed
interest in the stock, which is $1,052,186.
upon between the parties hereto,
to be paid by the said party of the second
In March, 1831, a foreclosure suit was
part to the holders thereot
begun and receivers appointed
without deduction from the rent hereinbefore reserved; and the said and power to issue $209,000 receiver’s certificates was
given
special stock, or bonds, or other securities, shall be issued only iu respect Court. Earnings of the road for three years past were as follows: by the
to improvements of aud additions to the said
railway which, aud esti¬ Years.
Miles.
Gross Earn’gs.
NetEaru’gs
mates and specifications of which, shall have been submitted
to and
94
$304,245
$91,077
approved by the said party of the first part in writing.” * * *
94
354,173
106,304
It was proposed to change the terms of the lease so
as to issue bonds
94
33,3.844
to the lessee instead of the special
49,720
guaranteed stock, but this was uot -(V. 36, p. 168 ; V. 37, p. 400; V. 33, p 350, 338, 797.i
consummated and in June, 1*84, the
Pennsylvania Company began suit
to compel the’issue of stock duo for betterments.
Portland Ac Rochester.—Owns from Portland, Me., to Roches¬
ter, N. H., 53 miles. The old
Operations and earnings for three v^ars i>us«- weeps follows :
company was put in the hands of a
Receiver February, 1877. Foreclosure suit was
Passenger Freight (ton)
Net
Gross '
Div’d
begun, but a settle¬
Years. Miles.
ment was made iu 1881 by which all the old stock and bonds
Mileage.
Mileage.
Earnings.
were con¬
Earnings, p. ct.
vened into the stock of the new
468 130,470,469 1,014,447.161 $10,741,490
company. Gross earnings in 1881-82;
7
$1,833,005
468 140,0*7,682
$201,847;
net,
$6,526.
Til
1882-83,
991,907,591 10.891,870
gross, $197,940; no
4,6:2,476
7
$20,475.
1883
4.68 127,520,075
914,563,376 10,844,358
Portland Saco Ac Portsmouth.--Portland, Me., to
3,927,633
7
Portsmouth,
—(V. 38, p. 136, 359. 425, 511. 620, 707; V 39, p. 153, 324.)
N. 11., 51 miles.
It was leased May 4, 1871, to the Eastern
Railroad,
Pittsburg; Ac Lake Erie.—Owns from Pittsburg, Pa to Youngs Mass., iit 10 per edit on stock. Lease rental changed May 21, 1877,
town, Ohio, 0* miles; branch line to Newcastle, Pa., 2 miles; total, 70 and now 0 per cent. No debt.
miles. Leased f om Jan. 1 1884, for 99 years, the
Portsmouth Ac Dover.—Portsmouth, N. H., to Dover, N.
Pittsburg McKeesport
H., 11
A YoughiOsiheny RR from
Pittsburg to New Haven, Pa., 57 miles, with mih>s. Opened February 1, 1874, and leased for 50
years to Eastern
branches. 5 miles. Scrip certificates for $6 i 5,000, bearing 6 per cent oi New Hampshire at 0
cent
per
per
annum
on the stock.
Operated
interest and payable at will, are also
outstanding Under same auspices now by Eastern (Mass.) Frank Jones, President, Portsmouth. N. H.
as Lake Shore &
Michigan Southern. Gross earnings in 1883, $1,402,Portsmouth Great Falls Ac Conway.—Owns from
763; net, $5.53.004. In 1882 gross, $1.265,748; net,
Conway
$598,701. (V. 36, Junction, Me., to North Couway, N. II.,
71 miles. The Eastern Railroad
P 107, 561, 591, 675; V. 38,p. 80 293; V. 39,
p. 182.)
in Massachusetts has made a lease of the road for 60
years from Dec. 1,
Pittsburg McKeesport Ac Ifoughiogheny.—Owns from Pitts¬ 1378, with a guaranteed rental of $45,000 a year, which
pays 4ha per
burg to New Haven, Pa., 57 miles; branches, 5 miles; total, 62 miles. cent on $1,000,090 bonds, and the stoek
is to receive the same dividends
Road opened Nov., 1*83, and le :sed to Pittsb & Lake Erie RR. for
99 as the stock of the lessees. Total stock, $1,150,300, of which lessees
year*. 6 per cent on the $3,000,00o stoek and interest on the bonds
being own $551,300.
guar, by P. A L. Erie and Lake 8h. A M. So. Cos.
YV. C. Quinoey, Presi¬
Poughkeepsie Hartford Ac Boston.—Owns from Poughkeep¬
dent, Pittsburg, Pa.
sie, N. V., to Miilerton, 47 miles.
The Poughkeepsie & Eastern RR.
Pittsburg Virginia Ac Charleston.— From Birmingham, Pa., to was sold in foreclosure May 15, 1375. This
road was sold in foreclo¬
Uniontown, Pa., 70 miles. The stock is $1,504,500. The bonds, $2,000,- sure January 26, 188 4. under the second mortgage,
ana purchased
000, besides $208,100 debt certificates, and of the stock $1,251,050, iu two sections. (V. 38,p. 149. The first
mortgage bonds are $35,000-,
are owned
by the Penn. RR.
Net earnings iu 1883, $316,466, against second mortgage $509,000
The stock is $850,000. In 1881-2, gross
$141,245 in 1882.
earnings, $68,408; net, $3,912. In 1882-33, gross. $57,712; net, $10,350.
G. P. Pelton, President. Poughkeepsie,
Pittsborg Ac Western.—Owns from
N. Y.
,

,

Alleghany City, Pa., to New
Castle, Pa., 64 rniLs; Callcry Junction to Kane, 126 miles;
Duck Run
6 miles; Clarion Branch, 6
miles; Saw Mill branches, 6 miles;
total, 208 miles. In July. 1884, leased the Pittsb. Cleveland & Toledo

Branch.

for 99 years. This was a consolidation
of several roads, dated June
15, 1881, and in 1893 Pittsburg Brad lord A Buffalo was
acquired. The
mortgage was executed Oct. i, 1831, to the Mercantile Trust Co.,
covering
the projected lines. In July, 13*4, leased the. Pittsb. Cleveland
•
Toledo RR., giving line to Akron, O. Operated in the Baltimore A
Ohio interest. Stock,
$7,250,090. In addition to above bonds, there
Were $300,000 other issues.
In 1882-83 cress earnings,
$342,336;
®et, $77,426.
Jas. Callery, President, Pittsburg; Solon
Humphreys.
Vice-President. New York. (V. e8, p. 220; V. 39, p. 128. 37<M
Port Huron Ac Northwestern—Line of Road.—Port Huron
to
East Saginaw, 91 miles; Saginaw Junction to Sand
Beach, 58; Port




(V. 38,

p.

149.)

Providence Ac

Springfield.—Providence, R* T., to Pascoag, 23
proposed to extend the road to Springfield, Mass., 80 miles.

miles,
it is
Stock is $516,850.
In 1832-83, gross earnings. $96,241; net, $27,298;
iu 1881-82, gross, $96,252; net, $34,997.
William Tinkliam, President,
Providence. R. I.

Providence Ac Worcester.—Owns from Providence, R.
I., to
Worcester, Mass., 44 miles: branches, 7 miles: operates Milford Sc Woon¬
socket RR. and Hopkintou RR., 15
miles; total operated, 66 miles. Notea
cable are $456,309. 0(>cra »ons and earnings for three
years were:
Years.

Miles,
1880-81
66
18*1-82
66
1832-33
66
..

..

..

Pa senger
Mileage.

17,439.529
19,977,254

20,585,077

Freight (ton)
Gross
Mileage.
Income.
22,211.710 $1,039.671
25,023,982 1,147,514

23,174,410

1,158,394

Net

Dlv

Income,

p. o.

$316,345

6

302.799

6

322,330

6

ft;

BAIL ROAD
Subscribers will confer a great

explanation of column headings, &c., see notes:
on first page of tables.

18706-92

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
..

rvot. xxxix.

notice of any error discovered in these Tables.

Amount

Outstanding

Rate per

When

Gent.

Payable

Where

Bonds—Princi -

pal,When Due.
Stocks—Last
Dividend.

Payable, and by
Whom.

,

98
97
40
40

Debentures

Lancaster & Reading, 1st mortgage
Rensselaer & Saratoga—Stock

1st mortgage, consolidated (for $2.000,000)
Richmond dk Alleghany—1st mortgage, gold
Second mortgage, gold ($4,000,000)
Car trust bonds (payable $19,860 per year)
Richmond dk Danville— Stock
3d mortgage, (consol, of 1867) coup, or reg
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar..
Richmond York River & Ches., 1st mortgage
do
2d mortgage
do

Rich'd Irederickslmrg dk

Polomac—Bonds, ster

Dollar loan

15
193
79
250
250

1873
1862
1864
1877
1873
1871
1880
1881

$....
1,000
lOO&o.
1.000

1,000
100 &c.
100

141
48
29
38
38

1,000
1,000
1,009
1,000

500,000

1,000

500,000
400,000
57,327

-

-

•

100 &c.

1,000
•

•

• •

....

....

1st mortgage, coupon
Consol, mortgage
Richmo7id dk West Pt. Ter. R. dk IT. Co.—Stock
Trust notes, secured by collateral

Raleigh Ac Augusta.—Owns from

25
25
25

1870
1875

....

1883

i'oo

.

1,000
500 &c.
100

5,000

Raleigh, N. O., to Hamlet, N. C.
by Raleigh

98 miles. Formerly Chatham Railroad, and is controlled
Gaston. Earnings 1881-82. $222,351; net, $53,336.

Raleigh to Weldon, N. C.. 97 miles*
percent dividend paid. John M*
Robinson, Pres’t, Baltimore. Earnings for five years were as follows:
Raleigh A: Gaston.—From

Stock, $1,500,000. In October, 1881, 3

Net

Gross

Miles.
97
97

Years.

97
97
97

Earnings.

Earnings

$234,511

242,478
264,410
439,785
446,951

-

8
5 ■
7
6
7
4
7
7 g.
6 g.
6
2

6
6 g.
6
8
6
8
6
6 g.

316,594

5, 6,7

150,000
300,000

8
6

1,009.300
76,000
199.000
15,000,000
2,000,000

2is
8
6 & 7
6

J.
M.
J.
J.
J.
J.
M
J.
M.

&
&
&
&
A
&
&
&
&

J.
S.
D.
D.
J.
J.
N.
J.
N.

Phila.,Pa.,& Ral’gh,N.C.
Union Nat. Bank.
Columbia, First Nat.B’k

N. Y.,

Pliila., Co.’s Office.

Jan., 1898
Mch. 1, 1912
June, 1884
Dec. 1, 1917

do
do
July 1, 1893
Y., Nat. B’k Com’rce. July 1, 1884
Nov.. 1921
N.Y., Del.& H.Canal Co.
N.Y., No. 2 Wall Street. July 1, 1920
do
do
May 1, 1916
Yearly to 1900
N. Y., Met, Nat. Bk.
Aug. 15, 1882
Q.-F.
M Sc N. N. Y., Central Trust Co. May 1,’85 &’90
N.

1915
do
do
J. & ,T.
do
do
A, & O.
April 1, 1927
1888
do
A. & O.
do
1902
A. A O.
Richmond.
1894
do
J. & J.
1890
do
M. & N.
1885
London.
J. A J.
1895-’99 1902
Various
Richmond, Office.
1890
J. & J Phil..Townsend W.& Co.
1901
M. & N.
Richmond, Office.
J. & J
July 1, 1884
Richmond, Office.
do
do
1884 to ’86
A. & O.
do
do
M. & N.
May 1, 1915
-

J.

& J.

N.Y. Central Trust Co.

1885

way & Warehouse Co. (see title of that company below) is an auxiliary
corporation in which the Richmond & Danville holds a majority
($7,510,000) of the stock. The Richmond & Danville Extension Co.
was organized to build Georgia Pacific RR., and large advances were
made to it by the Richmond & West Point Terminal Co.
Stock and Bonds.—The old stock and bonds of the Richmond & Dan
ville Co. have not been greatly increased in its expansion of late years.
In April, 1882, $1,000,000 stock was issued for $5,000,000 of the Ter¬
minal Co. stock. The capital stock is $5,000,000, and the first dividend

$85,750
107,185 (3 per cent) was paid in January, 1881. The total dividends in 1881
78,937 were 5 per cent; in 1882, 7 per cent; none since.
The stock was listed on the New York Board in Oct., 1881. The high¬
53,3b4
99,294 est and lowest prices since then hav e been : In 1881 (3 months), 99*2®

Reading Ac Columbia.—Owns from Columbia to Sinking Springs,
Pa., 40 miles; branches, 8 miles; Lancaster & Reading Railroad,
leased, 15 miles; total operated, 63 miles.
Stock, $958,268. The
road is controlled and operated by Philadelphia & Reading, but
accounts kept separate.
The first mortgage 7 per cent bonds, due
earn’gs,30
456,459;
were extended
$133,421;
years at 1881-82
5 per cent.
gross.
$432,995;
1882-83,
J882,
Gross
earningsnet,in$133,611.
Ac

6,854,100
1,925,000

_____

....

350,000

4,925,000
2,964.000
105,000
5,000,000
1,228,100
3,698,000
4,000.000
500,000

ioo
1867
1874
1882
1868
1873
1873
1880

850,000

1,000,000

1,000
1,000
•

141

$1,873,000
1,000,000
050,000

1,000

744

....

Coupon bonds of 1890
Coupon bonds of 1901
Richmond dk Petersburg—Stock

net
Rensselaer

BONDS

INTEREST OR DIVIDENDS.

Raleigh dk Augusta—Stock ($1,000,000 pref.)
Raleigh dk Gaston—let mortgage
Reading dk Columbia— 1st mort, coup, (extended)..
2d mortgage, coupon

-

AND

favor by giving Immediate

DESCRIPTION.
For

STOCKS

Saratoga.—Owns from Albany to Lake Cham¬

171; in 1882, 52©250; in 1883, 47@72 ; in 1884 to Oct. 17, 32@61.
The total authorized issue of general mortgage bonds is $6,000,000, of
which $2,151,000 are reserved to take up prior liens, including $89,000
due the State of Virginia and the Piedmont RR. bonds. Early in 1882
the debenture bonds were sold to Richmond & Danville stockholders at
45, and semi-annual interest was paid on these bonds up to April, 1883,
inclusive. The interest on the bonds is strictly cumulative. (See Chron¬
icle, V. 37, p. 373 and 421.)
In September the new board of directors
issued a circular as to payment of interest on the debenture bonds, stat¬

plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y.6 miles; ing that the net earnings for the year ending Sept. 30, 1882, as shown
Whitehall. N.Y., to Castlcton, Vt., 14 miles; Eagle Bridge to Rutland, by the annual report, did not warrant the payment of interest on the
Yt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15 debentures, &c. (See V. 37, p. 344.)
miles; Fort Edward to Caldwell, 15 miles; total operated, 193
Following are the earnings for six months, from September 30,1883,
It was a consolidation of several lines, and the Delaware & to April 1, 1884:
miles.
1883-4.
1882-3.
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per Gross
$2,048,554
$2,084,950
cent on the stock and 7 per cent on the bonds.
In the fiscal year end¬ Expenses, including new equipment con¬
struction and betterments of all kinds..
ing Sept. 30, 1883, the payments by the lessee company for rental were
1,323,096
1,237,976
$765,504, leaving a deficit of $917. Operations and earnings for three
Not
$725,457
$846,974
years past were as follows:
Passenger
Freight (ton)
Gross
Net
Div. Fixed charges, six months
587,446
Years. Miles.
Mileage.
Mileage.
Earnings.
Earnings, p.c.
1880-81. 183
23,427,570
$1,922,002
$762,637
8
55,989.982
Net surplus
$259,528
1881-82. 193
65,388,489
2,104,596
8
28,378,001
828,908
The annual report for the year ending Sept. 30,1883, was published
1882-83.193
29,612,425
2,149,043
764,587
8 in the Chronicle, V. 37, p. 665, containing the following:
68,780,201
Revenues.
Expenses.
Richmond Ac Alleghany.—Owns from Richmond to Williamsons,
$1,554,041
$745,499
Va., with branches to Lexington, 250 miles, and leased Henrico RR., Richmond & Danville & Piedmont railroads
Richmond York River & Ches. Railroad
249,826
151,280
Lorraine to Hungary Station. 11 miles; total operated. 261 miles.
860,110
616,572
The company was chartered Feb. 27, 1879, and acquired by purchase North Carolina Railroad
28,659
67,796
the properties and franchises of the James River
Kanawha Canal Co., Northwestern North Carolina Railroad
1,074,015
676,840
and the Buchanan & Clifton Forge Railway Company, including water Atlanta 6c Charlotte Air-Line Railway
rights on James River and terminals in Richmond; the cost of these in
$3,805,791
$2,218,853
stock and cash was $6,588,609. The main line, Richmond to William¬
$3,651,073
$2,353,038
son’s, was completed Sept. 12, 1881. In June, 1881, it was voted to con¬ Same in 1881-82
solidate with the Ohio Central Railroad and connection was to be made Net earnings for the year 1882-83
$1,586,937
“
«
1881-82
1,298,035
with the River Division of that road. Subscriptions to bonds ou this
The
earnings in detail are as follows:
basis were also made, but from failure to obtain the necessary legislation
1882-83
1881-82.
the consolidation was never perfected.
From general freights
A plan of re-organization proposed was given in the Chronicle, V. 38.
$2,618,122
$2,591,181
909,564
965,937
p. 178, by which first mortgage bondholders Like 3^ per cent interest From passengers
66,600
till Jan. 1,1887; second mort. holders to exchange for preferred stock; From express freights
68,834
From United States mails
152,130
186,602
and stockholders pay an assessment of 10 per cent cash.
113,811
84,080
The stock is $5,009,000, and the 2d mortgage bonds for $4,000,000, From miscellaneous sources
though not all reported as sold, are understood to have been pledged to
$3,805,791
$3,651,072
a considerable extent for loans.
In May, 1883, default on the mort
gage interest was made, and on Ju»e 23 receivers were appointed. The —(V. 36. p. 82, 140,187. 313, 332, 358, 561,699 ; V. 37. p. 4s, 68, 100,
report for 1882-83 was published in the Chronicle, V. 37, p. 694, and 111, 128, 151.176, 235, 268, 295, 344, 373, 421, 535, 665, 694 ; V. 38,
showed the gross earnings to have been $635,327, and net income, p. 88, 116. 203, 425, 480, 541, 572.)
$170,205. (V. 37, p.23,200, 694; V. 38, p. 178, 301, 350; V. 39, p.297.)
Richmond Fredericksburg Ac Potomac.—Owns from Rich¬
Richmond Ac
Danville.—(See Map.)—Line of
Road.—The mond, Va., to Quantico, 82 miles. In November, 1831, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
main line is from Richmond, Va., to Danville, Va,, 141 miles; branches,
mon stock (70 per cent on each share), to represent money spent on
12 miles; Danville, Va., to Greensboro, N. C., 47 miles; Salem Junction
the property out of earnings. The common stock is $1,030, 100, and
to Salem, 25 miles; leased: West Point, Va.. to Richmond, 38 miles;
stock is $500,400, and u dividend obligations ” $720,200.
N.
to
Charlotte,
Charlotte,
C.,
to
Goldsboro,
C.,
223 miles;
N.
Atlanta, guaranteed
In April, 1884. the Va. Court of Appeals decided that the guaranteed
269 miles, and narrow gauge branches, 70 miles; total owned and
stOok had a claim for “dividend obligations ” like those issued to common
leased, 825 miles, of which 744 miles are operated directly by the Rich¬ stock holders: In 1881-82,
gross earnings, $439,875; net, $172,543. In
mond & Danville Co. and the earnings based thereon, and 81 miles,
1882-83, gross. $470.580; net, $95,401; net income over fixed charges,
mostly of the Atl. & Ch. narrow-gauge branches, are reported separately.
$102,216. Jan. 1, 1884, paid 2per cent on stock and dividend obliga¬
By ownership of a majority of the stock of the Richmond & West tions.
(V. 35, p. 625; V. 37, p. 564; V. 38, p. 447.)
Point Terminal Railway & Warehouse Company, the Richmond & Dan
Richmond Ac Petersburg.—Owns from Richmond to Petersburg.
ville Railroad Company indirectly controls and operates the following
lines of railway: Charlotte Columbia <fc Augusta, 191 miles; Columbia
Va., 28 miles; branch, 2 miles; total, 25 miles. The road has earned
Al Greenville, 197 miles; Chester & Lenoir RR. (n. g.), 90 miles; Chester moderate dividends and the debt account is very small. In 1881-82
& Clieraw (n. g). 29miles: Atlantic Tenn. & Ohio RR., 47 miles; Laurens gross earnings, $174,378; net, $56,596. In 1882-83, gross, $182,821;
Railway 31 miles; Knoxville & Augusta RR., 16 miles; Richm. & Meek. net, $78,245. (V. 37, p. 666.)
Railroad, 31 miles; Spartanburg Union & Columbia 68 miles; Northeast¬
Richmond Ac West Point Terminal Railway Ac Ware*
ern of Georgia, 61 miles; Western North Carolina Railroad, 274 miles;
bouse Co.—This company was incorporated by an act of the Legisla¬
Asheville & 8partanburg, 50 miles; Virginia Midland Railway, 405; ture of Virginia of March 8, 1880. It is the auxiliary corporation of
miles; Georgia Pacific, 313 miles; total miles thus indirectly controlled the Riohmond & Danville syndicate, controlling several stocks by own¬
through R. & W. Pt. Ter’l R. W. Co., 1,804 miles, of which in Nov., ’83, ership of a majority, the total miles of road thus controlled being 1,804.
110 miles were under construction ; grand total of miles directly and
In April, 1882, the stock was increased from $5,000,000 to $15,000,000,
indirectly controlled by Richm. & Danville RR. Co., 2,629.
the old stockholders taking t wo new shares at $25 per share for each
Organization, Leases, &c.—The Richmond & Danville RR. Co. was old share owned. The Richmond & Danville Co. owns $7,510,000 of
chartered March 9. 1847. The Piedmont HR. is virtually owned and the this stock. The report in V. 37, p. 717 showed that the R. & W. P. T. B.
& W. Co. owned these stocks, viz.: $2,607,150 Richmond & Danville
ortliwestern North Carolina is also owned. The Rich. York R. & Chesa
Extension Co., $120,000 Northeastern Railroad of Georgia, $3,168,300
} eakc is leased in perpetuity; the terms of the North Carolina RR
Western North Carolina RR. common and $3,168,300 pref.; $100,000
nd the Atlanta & Charlotte Air Line leases will be found under the
names of those comi>auies.
The Richmond & West Point Terminal Rail¬ Knoxville & Augusta RR., $1,302,400 Charlotte Columbia & Augusta




.

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72

RAILROAD STOCKS

Subscribers will coufer

a

For explanation

of columu headings, &c.,
on first pag1 of tables.

see

Bio Qrandc dk Pecos— 1st M.. gold ($20,000 p.
Rochester d- Genessee Valley—Stock
Rochester dk Pittsburg.—1st mortgage
Consol, mortgage
2d mort. for terminal facilities
New 2d consolidated mortgage

notes

in.)...

Miles
of
Road.

Date
of
Bonds

31
18
108
258

1882

258

Equipment bonds (car trust) in 3 series
Rock Island dk Peoria—Stock
1st mortgage

...

Rome Watertown dk Ogdensburg—Stock
1st sinking fund mon,, Wat. A R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per
Income bonds

ct.).

-

91
91
417
97
190
190
409
....

Syracuse Nort hern (gold)
Rutland—General mort. (8 per cent, reduced to 6)..
New 2d mort. in excli. for equipment, bonds, Ac.
Sabine Pass dk Texas North—1st M. ($3,500,000)
Sacramento dk Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. & P. RR.)
Saginaw valley dk St. Louis— 1st mortg., coup
SI. Johnsbury dk L. Champlain—1st M.,coup. orreg.
Consolidated mortgage (for $1,000,000)
St. Joseph dk St. Louis—1st mortgage
St. Joseph dk Western— 1st M. St. Joseph & Paciric..
2d mortgage
Kansas A Nebraska, 1st mortgage
Kausas & Nebraska, 2d mortgage
.

Hastings & Grand Island, 1st mort
,—

45
120
120
....

....

48
29
120
76
112
112
115

115
25
331
331

....

1881
1882
Is 83
1884
Var’s
....

1878
....

1855
1861
1872
1874
1882
1871
1872
1878
1882
1855
1877
1872
1880
1884
1874
1876
1876
1876
1876
...

....

Size,

100

1,000
1,000

1,000

1,000
1,000
1,000

1,300,000
3,860,000
2,000,000
684,000

1,000

....

1.000

1,000
1,000
1,000
1,000

1,000
100
100

A. C. Hunt, President .Laredo, Texas. (V. 37, p. 564.)
Rochester Sc Genessee Valley.—Owns lrom Avon to Rochester.
N. Y., 18 miles. This road was leased July 1, 1871, in perpetuity, to
Erie Railway, and now operated by New1 York Lake Erie & Western.
Rental. $34,012. James Brackett, President, Rochester, N. Y.

company Oct. 20. ) 884, stated tiiat of the
subscribed for, and on them interest due
Aug. 1 was defaulted and foreclosme proceedings were commenced.
The second mortgage bondholders would take for their bonds 75 percent
(the price given lor them) with interest, and the floating debt creditors
would take their money with like interest, if re-organization could be
effected within reasonable time and without sacrifice of the bonds they

hold as collateral. The plan of re organization embraces the formation
of a new corporation, to be called the Buffalo Rochester A Pitt>barg
Railroad Co. 'I he capital stock to be $15,000,000, of which $5,000,000
to be preferred and $10,000,000 co n t on eto k.
Of the c< mmou
stock, $5,00o,000 to be di6tiil uud pio rasa among the holders of ihe
stock of the presort company without payment. The term of sub.-oriptiou to be $60 -or two shares, one of preferred and one of common stocK.
The money realized to be ust d to pay otf the second mortgage bonds and
floating debt, and leav»* the new company v it li funds for the, m ot ssities
of its business. One important condit on of i e-organization to be that no
new mortgage be executed by the new company without the sanction of
two-thirds of the stock
(V. 37, p 534, 535, 595; V. 38, p. 29, 541, 620;
V. 39, p. 11. 72, 158, 225, 265, 297, 382.)

Rock Island Sc Peoria,—Owns from Rock Island, Ill., to Peoria.
Ill.. 91 miles. This was the Peoria & Rock Island, sold in foreclosure
April 4, 1877, the bondholders becoming the purchasers. Gross earnings
1882, $405,263; net earnings, $64,918, out of widen 5 per cent dividend
was naid on the stock. Gross earnings in 1883, $354,897; net. $107,048,
out of which 4 per cent dividends paid.
Rome Watertown Sc Ogdensburg, — Owns from
Rome to

Ogdensburg, 141 miles; branches: To Capo Vincent. 24 miles; to Pots¬
dam, 24miles; Oswego to Lewiston, 146 miles; Sandy Creek to Syracuse,
45 miles; leased Oswego A Rome RR.,29 miles: Niagara Falls Br. RR.,8
miles; total owned, leased and operated, 417 miles. It was a consolida¬
tion Oct., 1861, of the Watert’n A Rome and tin Potsdam A Watertown
railroads. The Lake Ontario Shore Railroad was foreclosed Sept. 22.
1874, and transferred to this company January 15,1 375. The Syracuse
Northern was foreclosed, and purchased by this company August 1.
1875. The Oswego A Rome was leased January 1, 1866, ai 8 per cem
on stock and interest on bonds.
The Niagara Falls Br. road was leased
Nov. 1, 1881, at 7 per cent on its stock of $250,000.
coupons of the consol, bonds after

April l, 1878. but afterward give new sheets of coupons, 5 percent
Intel e t; also funded the 331* P r cent overdue interest (to July, 1882,)
into 7 per cent income bonds as-so assessed 10 per cent cash on stock.

6 g.

5 A 6
7
7
7
7
7

400,0 0
358,000

1,900,000
1,200,000
1,000,000

1,200,000
375,000
2,300,000
2,468,400

....

Payable

Whom.

J.
J.
F.
J.

A D. N.Y., Mercantile Tr.Co.
A J. N.Y.,by N.Y L.E.AW.Co
A A. N. Y., Union Trust Co.
A D.
New York
M. A N.
N. Y., GallatinBauk.
F. A A.
do
do
Various
do
do
J. A D.
J. A J. N. Y., Corn Exeh. Bauk.
J. A J. N. Y., Central Trust Co.
M. A S.
do
do
J. A D.
do
do
J. A J.
do
do
A. A O.
do
do

Jan’ry
J. A J. N. Y., Farm. L. A T. Co.
M. A N. Boet.,Columbian N. Bk.
F. A A.
do
do
J. A J. Loudon and New York.
J. A J. N. Y. Central Pac. RR.
J. A J.
do
do
M. A N. Boston, C. Merrlain, Tr.
A. A <) Bost., Am. L. A Tr. Co.
A. A O.
Boston.
M. A S.
New York.
J. A J.
New York.
J. A J.
do
J. A J.
do
J. A J.
do
J. A J.
do

Bonds—Princi¬
pal,When Due.
Stocks—hunt
Dividend
June 1, 1912

July 1, 1884
Feb. l, 1921
Dec. 1, 1922

May 1, 1888
Feb. 1, 1924
Various.

July, 1884

Jan. 1, 1900

July 15, 1875
Sept. 1, 1910
Dec. 1, 1891
Jan. 1, 1892
July 1, 1922
July 1, 1932
July, 1901

Nov. 1, 1902
1898
Jan. 1, 1912
1875
1907

May 1, 1902
Oct.

1, 1910

April 1. 1914
1894
Jan.
Jan.
Jan.
Jan.
Jan.

1,
1,
1,
1,
1,

1915
1915
1915
1915
1910

....

7

.....

N.Y.,Office 34 NaesauSt.

May 1, 1884

Aug. 1,’84, gross earnings were $1,353,00*, against $1,338,150 the
previous year: net earnings, $437,629, against $316,843. Operations
and earnings for four years past were:
Years.
Miles. Pass’r mile. Fr’ht(ton)milo. Gross earn.
Net earn.
409
17,417,353
45,887,851
1,510,442
284,088
417
19,223.584
54,470,111
1,814,495
401.581
417
18,872,541
5^,834.358 .1,694,2.31
300,723
-(V. 37, p. 267, 535; V. 38, p 149; 510, 680, 738; V. 39, p. 265.)
Rutland.—Owns from Bellow’s Falls. Vt., to Burlington, Vt., 120
miles; leases Addison RR.. 15 miles; total, 135 miles. This road has been
through many changes. It w as leased to the Cent. Vermont in Dec., 1870,
for 20 years, but the lessee, became insolvent, arid finally a modification
of the lease was inside, giving $250,000 per year sis a minimum rental
and $8,000 for organizsitiou expenses. The bondholders agrtied to accept
5 per cent bonds in exchange for equipments and 6 per cent bonds in lieu
of 8 per cents. The 5 percent 2ds are a,first mortgage on
rolling stock
and personal property.
The common stock is $2,480,600 and preferred
$4,000,000. During the year 1883-4 the floating d**ht was wiped out
and one per cent dividend paid on preferred stock in August.
(V. 37, p.

paid.

propo ed by the office! s of the
seconds only $1,132,500 w» re

6
10
6
8

Where Payable, and by

to

Pecos.—Projected from Laredo, Texas, to Brazos

Owing to great competition and cutting of rates on coal business, the
earnings fell olf in 1883-84. and the company defaulted ou the interest
due August 1, 1884, on the second mortgage bonds.
The plan of relief

6
7
7
5
7
7
6
5

3

When

The present management of the company has been economical and
efficient. Charles Parsons, New York, President. Fixed oliarges for
Interest and rentals for year are $189,541. For ten months Oot. 1, ’83,

Completed from Laredo on Rio Grande River, to
miles, to the company’s coal lands of 20,000 acres.
Mortgage issued at $16,OoO per mile, Narrow i auge. Interest not

at 75. See the report.
After the opening of the line through to Punxutawney and the Buffalo
Branch in 1883 the earnings increased largely. The annual report in
V. 38. p. 29, showed for the year ending Sept. 30, 1833, gross earnings,
$543.639-.operating expenses, $422.( 32 : net, $121,607. Fixed charges
and taxes for 1883 were about equal to the net earnings.
On August 1 the division from Bradford to Dubois was turned over
to the company, and September lf> the line from Ashford Junction to
Buffalo and Du Bois to Punxutawney.

418,100

-

100 Ac.
....

10

600.000

100
100 Ac.
....

2*2

150,000
5,293,900

1,021,500
1,000,000
4,929,000
1,677,335
500,000
1,500,000
1,500,000
(?)
400,000
700,000
446,000

100 Ac.
100 Ac.

Santa Tomas, 27




555,200

100
100 Ac.
500 Ac.

Northeastern of Georgia general mortg., $1,305,825 Georgia Paeilie
2d incomes, and $311,800 blue Ridge RR. and miscellaneous county und
township bonds, and $30,000 subscriptions. In Jan., 1883, the above
trust notes were issued at 90,
secured by a deposit of stocks ami
bonds as collateral.
(V. 36, p. 56, 109: V. 37, p. 717.)

in default ou

180-32

6 g.
3
6
6
6
6
7

$500,000

1,500,000

....

25,000

Rochester Sc Pittsburg.—(See Map.)—Owns from Rochester, N
Y., southward to Punxutawney in Pa., 204 mi lee (except 36 miles of this
leased); mid Buffalo Branch from Ashford June, to Buffalo, 44 miles;
total, 248 miles. Leased, 46 miles. Total operated, 294 miles. Formei ly
Rochester
&
State Line, which
road wTas sold and purchased
by Walston H. Brown, of New York, and was reorganized as the Roc)tes¬
ter & Pittsburg.
In November, 1881, an important consolidation
was made.
(See V. 33. p. 623.) In December, 1882, the new consoli¬
dated mortgage was issued in place of old income bonds and for other
Ttie capital stock was increased in 1882, to $20,000.
purposes.
000
In December, 1883, a new second mortgage to rank next
after the consolidated was authorized for $1,000,000, of which
enough will be reserved to retire the previous 2d mortgage of $600,00 •,
and $2,< 00,000 were offered to stockholders of record December 1, ’ 883,

Rate per
Cent.

600,000

1,000
1,000

stock, $-‘.089,320 Georgia Pacific Railroad; and the'fol¬
lowing bonds: $100,000 Knoxville A Augusta 1st mortgage 6 per cents,
$368,000 Spartanburg A Asheville 1st mortgage 6 per cents, $1,720,000
Western North Carolina 1st mortgage and $3,030,000 2d mortgage.
$603,553 Virginia Midland 6 per cent Aco.
Incomes, $315,000

The company was

Amount

Outstanding

$1,000

Terminal

Rio Grande Sc

INTEREST OR DIVIDENDS.

or

Par
Value.

RR., $3,577,333 Virginia Midland Railway, $1,001,000 Columbia A
Greenville RR., $49.< 00 Dan. Mock. & So W. RR., $300,000 Richmond
& Mecklenburg Railroad. $103,000 Rabun Gap Short Line, $85.9o<',

Santiago. 251 miles.

[VOL. XXXIX.

great favor by giving Immediate notice of any error discovered in these Tables.

DESCRIPTION.

St. Louis Alton dk Terre Haute—Stock
Pref. st’ek (7 cumulative)

AND BONDS

121.)

c

Sabine Pa«« Sc Texas North.—Line of road, Marshall, Tex., to
Sabine Pass, Gulf of Mexico. 218 miles.
Road uuder construction.
Stock. $4,000,000. R. H. Psirks, President, New York.

.

Sacramento Sc Placerville.—Owns from Sacramento, Cal., to
Shingle Springs, Cal., 48 miles. This was a consolidation of the Sacra¬
mento Valley and the Folsom A Placerville railroads, April 19, 1877.
Capital stock, $1,756,000. Gross earnings, 1883. $121,995; net. $45,738
deficit over charges, $19,230. Gross, 1882, $96,531 ; net. $11,106
deficit, $43,283. Lei and Stanford. President, San Francisco.
Saginaw Valley Sc St. Louis.—Owns from Saginaw to St. Louis
and Anna to Ithaca, Mich., 35 miles'.
Opened January, 1873. Capital
stock, $264,804. In 1882, gross earnings were $109,328 ; net $35,225.
In 1^83, gross. $109,729 ; net, $22,438; interest payments, Ac., $35,680.
In July, 1879, management was transferred to the Detroit Lana. A No.
St. Johnsbury Sc Lake Champlain.—Owns from Lunenburg,
Vt., to Muquaui Bay, on Lake Champlain, 120 miles. This was the
Portland A Ogdensburg, Vermont
Division, and was reorganized
under this title in 1880.
Preferred stock, $1,298,500; common stock,
$2,550,000. In March, 1884. voted to issue the consolidated bonds, of
which $60o,000 are reserved to take up its first mortgage bonds. In
1881-82. income, $242,662 gross and $43,166 net. In Ib82-a3 gross,
$26w,966. (V. 38, p. 379; V. 39, p. 210.)
St. Joseph Sc St. Louis.—St. Joseph, Mo., to No. Lexington, Mo.,
76 miles. Present company is successor to the St. Louis A St. Joseph
Railroad, sold in foreclosure February 8, 1874. The St. Ixmis Kansas
City A Northern took a lease of the road for 99 years July 1, 1874.
The terms of the lease are an annual payment of 30 per cent of gross
earnings, but $25,000 guaranteed. Stock, $100,000.
St. Joseph & Western.—Line of Road—East Division —West St.
Joseph. Kan., to Marysville, Kan, 112 miles; West Division—Marys¬
ville, Kan., to Hastings, Nel*., 115 miles; Hastings A Grand Island

road, 25 miles
This

is

;

total, 252 miles.

reorganization of the former St. Joseph A Denver City
road, which went into the hands of a Rcoeiver in 1874 and was sold
a

in foreclosme in November, 1875.
Ou the foreclosure of the two
divisions two companies were organized, the St. Joseph A Pacific
and the Kansas A Nebraska, with bonds as above. These were
oousolidated as St. Joseph A
Western, the stock- is $4,100,000,

par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000. The road is controlled by
the Union Pacific and the coupons ou bonds are not paid. The U.
holds $1,536,200 of the stock of $4,100,000 and $1,303,369 St. Joseph A
Pacific 1st mortgage and $1,114,661 Kansas A Nebraska 1st mortgage.
In 1883 gross earnings $1,044,854; net, $274,082.
In January. 1884,
foreclosure suit was begun on the first mortgage.
(V. 37, p. 151, 595;
V. 38, p. 62, 80, 764.)

F.

St. Louis

Altou

Sc

Terre

Haute.—Owns from Terre Haute,

fud., to East St. Louis, 193 miles; proprietary line, East St. Louis to
Belle\ile, 15; leased lines—Belleville A Southern Ill. RR., 56; Belleville
A Eldorado road, from Du Quoin to Eldorado. 50; Bellev. A Car. RR»
from Belleville to E Caroudelet, 17; total, 331 miles. This company waaa
reorganization. Feb. 18. 1861, of the Terre Haute Alton & St. Louis RR*
The Bellev. A So. Illinois is leased to this company for 999 years from Oct.
1, 1866, an i the Bellev A Car. for 9-<3yeaie"from Jan., l^SS. The main
line(St.L. Alton A T. II.) was leased Nov. 1, 1882, to the now Indiana®.
A St. L. Railway and the Cleve. Col. Cin. A Indianapolis jointly. Under
this new lease the rent guaranteed is $450,000, and that amount is all
that is to be paid unless the gross earnings exceed $1,750,000 in any
year ending Oct. 31, and then 20 per cent is to be paid of the excess o*
gross earnings over $1,750 OoO.
This company, in July, 1882, obtained a decision in its favor against
the two solvent lessee companies for $221,624 against eaoh.
An appeal
to the United States Supreme Court is pending.
The Belleville Branca
and Extension are operated separately by this company, and learned
net in 1881, $159,907; in 1882, $238,930; in 1883, $205,935. Tl»




RAILROAD STOCKS AND

74
Subscribers will

confer a great favor

DESCRIPTION.
For

explanation of column
on

first page

headings, &c., see notes

of tables.

Haute—(Continued)— |>>F
sinking fund.. % ©•“ g
sinking fund..
(series C)
(series D)

SI. Louis Alton d Terre
1st mortgage (series A)
1st mortgage (series B)
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income

©

(not cumulative)
1st M. ($15,000 p. m.)
till '87 ($12,000 p.m.)

-

Stock($l,350,0u0is pref.)

Income bonds
St. Louis Salem d- Little Rock—1st
St. Louis d San Francisco.—Stock,

mortgage

(South Pacific),
mortgage bonds, A

1st mortgage

do

do
do

do

$1,100,000
1,100,000

gold, (land grant)...

Trust bonds

:

HR., gold

St. Louis Wichita Sc Western
Gen. M., gold, coup, or reg (a
Louis Vandalia dZ Terre Haute—1st
2d mort., sink, fund ($1,800,000 guar.)

1876
1876
1872

1st M.ou 182 miles)
M. s. f. guar

293
293
293
2d 3
84
100
145
All
158
158

Amount

500 &c.

1,400,000
1,400,000
1,700,000

1,000
1,000
500 &c.

300,0001

1,000

1,357,000
2,600,000

■

1.000
1,000

2,408,000

916,931
2,700,000
1,620,000

100 Sic.

1,000
1,000
1,000

1,080,000
1,000,000
10,500,000
10,000,000
4,500,000
7,144.500

....

....

s*

....

B, gold...
C, gold

Equipment mortgage, gold
Mortgage on Mo. Sc Western

144
160
85
1S4
135
135

776

common

Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
2d

$1,000

-

Income bonds, not cumulative
St. Louis d Cairo— 1st M., income
St. Louis Ft. Scott & Wichita—
St. L. Han.dk K.—1st M . conv.

Louis Keokuk & N. TF.
1st moitgage, gold.

Outstanding

....

Equipment mortgage

SI.

Date
Size, or
Miles
Par
of
of
Road. Bonds Value.

1864
1864
1864
1864
1861
1870
1881
1881
1880
1877

m

^

r

....

18GS
1876
1876
1876
1880
1879
'1880
1879
1881
1867
1868

•

•

500
100
500
500

•

•

<feo*
&C/

000,000

&c-

2,766,500
2,400,000

&c.

841.000

1,000
1,000

1,100,000
1,350,000
2.000,000
7.000,000

1,000
1,000
1,000

1,899,000
2,600,000

1,000

these Tables.
pal,^When Due.

notice of any
error discovered in
INTEREST

by giving Immediate

207
207
207
207

[V 3L. XXXIX.

BONDS

Rate pei’
Cent.

7
7
7
7
7
10
6
5 g.
7
7

Stocks—Last

Payable, and by

Dividend.

Whom.

Payable

J. & J. N.Y. Office,31 Nassau St
do
do
A. & O.
do
do
F. & A.
do
do
M. Sc N.
do
do
M. & N.
do
do
M. & 8.
do
do
June 1
A. & O. New York or London.
A. & O. New York, Moran Bros.
A. Sc O. Cedar Rapids, la., office.

1894
1894

1894
1894

1, 1906
1, 1906

Jan.
Jan.

& J.
Sc J.
A. Sc O.

J.
J.

7 g.
7
7

N.Y., Union

*

1894
1880
Jan. 1, 1894
1921
Oct, 1, 1910
Oct. 1, 1917

....

....

April 1, 1902

Trust Co.

....

....

....

....

&
&
&
&
&
&
&
&
&
J. &
J. &
M. &

F.
J.
M.
M.
M.
J.
F.
F.
M.

3*2
6
6
6
6
7
6
6
6
6
7

Where

When

Bonds—Princi¬

g.

g.
g.
g.
g.
g.

g.

7

A. N. Y.,

Company’s Office. Aug. 1, 1884
do
July, 1888

do
do
do
do
do
do
do
do
do

J.
N.
N.
N.

D.

A.
A.
S.
J.
J. N. Y., Central
do
N.

1. 1906

Nov.
Nov.
Nov.
June

do
do
do
do
do
do
do
do

1, 1906
1; 1906
1, 1895

Aug. 1, 1919
1920

1919

July 1. 1931
Jan. 1, 1897
May 1, 1898

Trust Co.
do

I
I

Tile range of the stocks yearly since 1877 has been; First preferred in
July 1, 1880, at a 1878 (4 months), 5^®!!%; iu 1879, 9%®781s; in 1880, 60®100; in
guaraut’d. 1881, 90®115is; in 1882, 79%®IO6I2; in 1883, 87® 100^; in 1884
sinking fund ; of the to Oct. 17, 70®961a.
Second preferred in 1878, l1s®514: in 1879, 418®G012: in 1880, 33®
equipment bonds $216,000 are owned by the company. The pre¬
ferred stock has a prior right to a cumulative dividend of 7 per eeut 65; in 1881, 55®8114; in 1882, 43®6u^; in 1883, 40®59^; in 1884
before any is declared on common. It is also convertible into com
to Oct. 17, 24 V®50.
at par; but shall not receive any dividend as common stock for the
Common in 1878 (3 mouths/, l1^®!^; in 1879, 31s®53; iu 1880, 25*4
time it was held as preferred.
In January, 1881, the company declared @48; in 1881, 39®55; in 1882, 31®4678; in 1883, 20^®36J4; in 1884
3 per cent in cash on the preferred stock and afterward settled the re¬ to Oot. 17, ll1e®2912.
maining 55 per cent of accum. dividends by the issue of income bonds,
The interest on bonds “B” and “C” wras 5 till 1884 and 6 after¬
and has since paid the 7 percent. (V. 36, p. 533, 561; V. 38. p. GT7.)
ward. The trust bonds of 1880 are secured by deposit of 7 percent
8t. Louis & Cairo.—This road (3ft. gauge) extends from Cairo to East mortgage bonds of the St. Louis Arkansas & Texas RR. and Joplin RR.
St. Louis, 152 miles with a branch to High Prairie, 9 miles. The former The general mortgage of 1881 (supplemented by that of June, 1882,
Cairo & St. Louis made default April 1, 1874, and was sold in foreclosure changing the rate of interest to 6 per cent) for $30,000,000 is made to
July, 1881, and bought in, in behalf of bondholders. Stock is $6,500,000, the United States Trust Company as trustee, aud $17,261,000 reserved
and 5 per cent interest- was paid April 1, 1883, on the bonds, aud 3 per to take up all prior debt.
cent in 1884. Gross earnings in 1883-84, $375,784; net. $78,837 ; in
Lands.—The South Pacific Railroad had a grant of lands by act of
fcorest, $78,000 ; surplus. $837. (V. 36, p. 427, 589; V. 37, p. 415.)
Congress June 10, 1852, of 1,161,205 acres.' The Atlantic Si Pacific
The South Pacific lands
St. Louis Fort Scott Ac Wichita.—From Fort Scott to Wichita. received about 507,000 acres of land.
Kan., 160 miles, completed July, 1883. Moran Brothers of New York show ed 162,652 acres on hand January 1,1884. Atlantic & Pacific lands
and other capitalists, largely interesteu. Stock, $5,833,855. Gross earn¬ showed 1,631 acres on hand at same date, and for these lands
(A. & P.) the second mortgage bonds, class B, are receivable in pay¬
ings in 1883, $286,712; net. $65,090. (V. 37, p. 659.)
ment. The land department assets are estimated as follows:
St. Louis Hannibal Ac Keokuk.—Owns from Hannibal, Mo.,
1881. ’
1882.
1883.
In 1883 acquired Lands
to Gilmore, on Wabash St. Louis vVc Pacific, 82 miles.
$1,749,455
$891,961
$.’46,425
control of Forest Park Sc Central Roa 1, for entrance to St. Louis. Stock,
Town lots
44,720
95,050
73,650
545,925
563,307
464,436
$31,070.
W. Walker,
81,651; net,Earn
W.1883,
President,
Hannibal, Mo. On Contracts
for
;
net,
t1,036,000.
mgs
$.00,079
Cash balances
177,409
469,052
185,620
Feb. 8, 1884, E J. Case, of Peoria, Ill., was appoined receiver. See
V. 38, p. 178.
(V. 36, p. 427; V. chs, p. 173, 323.)
$2,517,509 $2,019,371
-$970,131
St. Louis Keokuk Ac Northwestern.—Owns from Keokuk,
Operations, Finances, Sic.—The St. Louis & San Francisco has been
la., to St. Peters, 135 mdcs: leased Ke.oii.uk to Mt. Pleasant, 49 miles ;
of the successful reorganized railroads of the Sout hwest, and has
total operated, 181 miles. .The Miss. Val. & Western RR. was sold April
made good progress in traffic and income, w ithout very heavily increas¬
14, 1875, aud this company organized July 1, 1875. Road completed in
its annual Interest charges. The relations with the present Atlantic
autumn of 1879.
Income bonds above were originally a part of ing
& Paoiflc Ce. are somewhat complicated, but the actual obligations of
$2,700,000 first mortgage bonds, but by agreement they were changed that company for interest on its mortgage bonds is provided fur by a
into their present form.
Gross earnings year 1882 $411,494 ; operating
traffic guarantee.
expenses, $41 2,988; deficit, $1, 494. Gross in 188 \ $536,912 ; expenses, joint
The 6t. LouisJc San Francisco annual report for 1883 (Chronicle. V.
$437,772; net, *99.140. \V. W. Baldwin, President, Burlington, la.
38. p. 330) had the following:
1880.
1881.
1883. .
1882.
St. Louts Salem Ac
Little Rock. — Owns from Cuba, Mo.,
to Salem, Mo., 42 miles, and branches, 13 miles; also 17 miles of branches
Miles operated
725
776
598
661
controlled; total operated. 72 miles. Reaches St. Louis by St. L. <fc San
OPERATIONS AND FISCAL RESULTS.
1883.
1882.
1881.
1880.
F. RR. Stock is $1,000,000. Earnings in 1883 on 54 miles were $93.
428,987
0)>erations—
348,811
293,228
181,744
521 ; net. $49.98 f. In 1882, on 5 » miles, $160,018 net, $10 J,057. A. Passengers carried...
20,148,500
.25,872,527
18,529,140
L. Crawfonl* President, Newcastle, Pa.
Passenger mileage... ll,886.e82
3-68 cts.'
3*26 cts.
3 59 cts.
3-57 cts.
Rate per pass. p. mile
St. Louts Ac Sau Francisco.—Line of Road—This considerable
784.735
753,573
683,544
636,686
system of railroads, forming part of a through route ta the Pacific coast, Freight (tons )moved.
(tons)
miles..
137,334,335
109,178,009 123,867,774
162,384,768
requires a map to show it well. The main line is from St Louis, Mo., Freight
Av. rate per ton p. m.
to Seneca, 326 miles; branches—Granby branch, 1 L) miles; Orongo,
1*72 cts.
1*99 cts.
1*89 cts.
193 cts.
Mo., to Joplin, 10 miles; Girard to Galena, Kan., 47 miles; Carbon
Eaininys—
.$
$
$
$
Passenger
424,102
665,331
741,388
842,266
Freight
2,180,333 2,342,610 2,648,383 2,793,503
Mail, express, &e....
93,936
152,582
182,469
260,796
Mo., till December. 1883. and from there to St. Louis, 37 miles, the
3.896,565
3,572,240
3,160,523
2,698,371
Total
tracks of the M ssouri Pacific were used. The tracks of the Atchison
1.823,128
1,625,781
1,617,966
1,506,169
Topeka Sc Santa Fe are also used from Wichita to Halstead, Kansas. 25 Operating expenses.

Belleville & Eldorado was leased for 985 years from
rental of 30 per cent on the gross earns., but $15,400 per year
Of the first niortg. bonds $636,000 are held in

moil

$0, >23. In 1882 gross,

one

This company also operates the
Pacific road, Central Division, from
Indian Territory, 102 miles.

miles.

finished portion of the Atlantic Sc
Seneca, Mo., to Red Fork in the

organized Sept. 20, 1876, as
The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
chartered Dee. 25, 1*52), which was consolidated with the Atlantic &
Pacific read Oct. 25, 18 /0.
The Atlantic & Pacific was chartered by act of Congress July 27, 1866,
aud was authorized to construct a road on the 35th i arallel to the Pacific
Ocean. The Atlantic & Pacific leased the Pacific of Missouri July, 1872,
but failed to pay the rental in 1875 and also defaulted on its bonds, and
The Atlantic & Pacific road
a receiver was appointed No\ ember, 1875.
and lands were sold iu foreclosure Sept. 8,1876, and the St. Louis A
Organization, &c—This company was
successor to the Atlantic & Pacific in Mo.

San Francisco became possessor of the property.
On January 31, 1880, an agreement
Atchison Topeka Sc Santa Fe for
a
Pacific coast on the parallel from Albuquerque to San
road was to cost $25,000,000, and to be built under
of the Atlantic Sc Pacific Railway.
At the annual meeting of the stockholders of the St.

was* entered into with the
construction of through line to the
Francisco. The
the old charter
L. Sc S. F. Co. in

March, 1884, the following directors were elected for the ensuing year :
C. P. Huntington, Inland Stanford, Jay Gould. Russell Sage, Jesse Seliguiau, E.F Winslow, J. D Fish, W. S. Buckler, Horace Porter and A. S.
Hatch, of New York ; W. L. Frost, of Boston, and C. W. Rogers and R.
8. Hayes, of St. Louis.
Stocks and Bonds.—The first
cent (non-ouniulative) ; then

entitled to

preferred stock has prior right to 7 per
pref. entitled to 7 percent; then common
7; then all classes share in anv surplus.
The 1st pref.

resolution of the hoard of directors (ex¬
had a precedence for income over any mort¬
gages m ide subsequent to tlie creation of said stocks.
Dividends have been paid on first preferred stock in 1881 aud since
also by the terms of a
pressed in the certificates)

at 7 per




cent per annul. -J

1,192,202

1.542.557

$

Receipts—
Net earnings
Other receipts....

1,192,202

Total net income.
Disbursements—
Interest and sink. fd.
Int. accrued, no.t due.
Dive, on 1st pf. stock
Rate of dividends... .
Miscellaneous—....
,

$

1.542.557

2,073,437

1,946,459

INCOME ACCOUNT.

$

,

$

1,946,459

2,073,437

25,598

50,648

56,857

24,376

1,217,800

1,593,205

2.003,316

2,097,813

705,950
101,254
157,500

821.492
109,865

1,071,815

1,303,579

3^

105,022

315,003

"

315,000

63313

39,857

7

162,573

11.004

49,026
315.000

7

1>669,440
428 373
313, 330.)
St. Louis Vandalia Ac Terre Haute.—Owns from East St
Louis to Indiana State line, 158 miles. Road opened July 1, 18/Uis leased to the Terre Haute & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31,1883,
the net income was $510,286, and the year’s charges against this sum
$357,010; leaving a surplus for the fiscal year of $142,375, whicn
applied to the extent of $25,086 i < the payment of suspended
for the years 1873-1-5. Loss to lessee in 1879-80, $19,822 ;m
1880-61, $281,080; in 1881-82, $70,272; in 18S2-83, $115,399.
The
annual report for 1882-83 wras published in the Chronicle, Y. 38, P176. The first mortgage and $1,000,000 of second mortgage bonds are
guar, by the lessees and also by the Pitts. Cin. & St. L. RR. The stock is
$2383.016 com. and $1,544,700 pref. The prei. was issued for mcome
bonds ($1,000,000) and for deficiencies made up by the lessees. Thos. PMessier, Pres., Pittsburg, Fa. Operations and earn’s for four yeare|wore.
Total disbursem’ts.

Balance, surplus
—(V. 36, p. 18,197,

It

were
was

taxes

1,069,726
148,074

1,408,932

1,499,754

184,273
503,562
301,310, 445; V.37,p. 480; V. 38, p. 31,

DESCRIPTION.

explanation of column headings, Ac., see notes

1879-230

on

first page

of tables.

225
St. Paul & Duluth—Preferred 7 p. c. stock & scrip.
225
Common stock
169
1st mort. bonds, coup, or reg
1,350
St. Paul Minneapolis <£ Manitoba—Stock
76
2d M., and 1st on road from St. Paul to Watab
656
1st mort. land grant sinking fund, gold
656
2d mort., gold
413
Dak. Ext., lstmort.,gold ($12,000 per mile)
Consoi mort., gold (for $50,000,000), coup, or reg. 1,391

land

do

....

.

•

Pacific—Stock
Savannah Florida <£ West.—Consolidated 1st mort.
South Georgia & Florida, 1st mortgage
do
do
2d mortgage
Savannah Ghnfiin <£ N.Ala— 1st mortgage
Schenectady
Duanesburg—1st M., guar. D. A H..
Schuylkill Valley—Stock
Scioto Valley—1st mort. (s. fund $13,000 per year).

Equipment bonds

fund, $5,000 per year)

1st

s-

Potlsville—Stock
Pass.
Mile.

Freight (ton)

158
158
158
158

17,309,919
19,161,449
18,311,812
18,585,282

90,544,226
107,089,535
115,982,845
111,810,481

..

..

..

i,ooo;ooo

100

20,000,000
366,000
5,350,000
8,000,000
5,676,000
11,976,000
2,150,000
800,800
5,000,000
500,000
102,000
1,074,832
2,300,000
3,750,000
1,780,500
464,000
200,000
500,000
500,000
576,050
1,294,000
283,000

1862
1879
1879
1880
1883
1882

1,000
100 Ac.

1,000
1,000
1,000
1,000

....

....

1883
1877
1881

1,000

1,000
1,000
50

....

1869

1,000

1867

500 Ac.

1869

1,000
1,000
1,000

1412
19
98
98
124

1876
1879
1880

100 Ac.
50
500 Ac.

1,000
1,000

1882
....

1871

1^
7
7 g.
6 g6 g.
6 g.

6 g.
3
6 g.
7
6
2
7

]

50
500 Ac.

,000,000
869,450

2,000,000

*■

7
7
7
7
6

2*3

(?)
92,000
1,302,800

1,000

Gross

Mile.

Earn.

.$1,552,801
1,565,515
1,596,126
1,700,954

1870, and leased to the Northern Pacific. Default was

$146,018
188.574
408,566
442,218

i

1

7
7
7
6
7
5
5
3
7 g.

When

Payable

jj.

& J.

I

Where Payable, and by
Whom.

Stocks—Last
Dividend.

N.

Aug. 1, 1884

i

Y., Fourth Nat. Bk.

F. Sc A.

New fork.

Q.-F.

N.Y., 63 William St.

&
Sc
&
Sc
&
Sc

J.
J.
A.
M.
J.
J.

do
do
J.
J. New York and London.
do
0.
do
N. Y., 63 William St.
N.
do
J.
do
J.
do
do

....

F. & A.
M. Sc N.
M. Sc N.
....

J.
J.
M.
M.
J.
M.
J.
J.
A.
J.
M.
M.

Sc J.

Sc
&
&
&
&
&
Sc
&
&
Sc
Sc
M. Sc
M. &
F. Sc
J. A

J.
N.
N.
J.
S.
J.
J.
O.
J.
S.
N.

Aug. 1, 1931
Nov. 1, 1884
1892
1909
Oct. 1, 1909
Nov. 1, 1910

July l, 1933
July 1, 1922
N.Y., Winslow, L. & Co.
July, 1884
do
do
Feb. 1, 1923
do
do
May 1, 1907
do
do
May 1, 1896
lstN. Bk.,Sandu8ky, O. Feb. 1, 1883
N. Y.. Union Trust Co.
July, 1902

New York, H. B. Plant.
do
do
Savannah, Cent. RR.Bk
Del. & Hud. Canal Co.

Philadelphia, Otliee.
Y., Lloyd A McKean.

N.

do
do

do
do

July, 1897
May 1, 1899
May 1. 1899
July 1, 1891
Sent. 1, 1924
July 15, 1884
Jan.

1, 1896

April 1, 1894
July 1. 1910

N.Y., Winslow, L. A Co.

N.J Balt.,Farm.A Plant. Bk.

N. Pliila., Phil. A Read.RR.

A.! Philadelphia,Treasurer.
J.

botuls—Prmcl

pal, When Due

do

do

May 1, 1884
May 1, 1912
Aug., 1884
July, 1901

the entire traffic of the Northern Pacific Railroad to anu from Minne¬
apolis and St. Paul. The terminal improvements at Minneapolis are
located upon a plot of 20 acres in the business centre of the city, and
the property of the company for similar purposes in and about Minne¬
apolis and St. Paul comprises a total of 490 acres. The land grant of
the company is located along the line of the road between Brainerd and
Sauk Rapids, and about 220,000 acres remain unsold. The road, with
its terminal property, is leased for 999 years to the Northern Pacific.
The contract provides that the Northern Pacific shall pay a net rental
equal to 40 p. c. of the gross receipts, which it guarantees shall never
be less than the interest upon the bonds, and it also guarantees to pay
the principal of the latter at maturity. The first mortgage is for $10,-

made Jan. 1,1875,

000,000, and the registered interest is payable quarterly—Feb., May,
Aug. aud Nov.; only $5,000,000 have yet been issued, and enough of
the issue is reserved to retire the Western Minnesota bonds in above
table. Since the opening of the line (in 1877) regular cash dividends
have been paid, averaging 6-8 per cent per annum.
(V. 39, p, 49.)

then remainder of income to be applied to purchase of pref. stock.

Sandusky Mansfield Sc Newark.—Owns from Sandusky, O., to

net income from 1878 having been spentonimprovement8.it
was determined to issue 10 per cent of new preferred stock to the pre¬
ferred stockholders of record Nov. 1. 1881, payable Nov. 14, to renreseut the cash so spent in improvements, and the Aug. 1. 1884. divi¬
dend was paid iu preferred stock, increasing the stock to $5,237,570.
but resolutions passed to apply income therealter to cash
See income statement V. 39, p. 183 : V. 39. p. 72. 183.
The company has a land grant, of which 1,206,867 acres
unsold Jan. 1, 1584. In 1882 gross earnings, $1,109,840; net, $355,610;

Newark, O., 116 miles.
A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1, 1926, with option to the Balt. A Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually.
It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1880-81, gross
earnings were $899,751; net, $112,373; in 1881-82, gross, $940,769;
net, $234,701; in 1882-83, gross, $999,128 ; net, $291,781.

dividends

remained

Pacific.—Owns from Donahue, Cal.,
branches—from Fulton, Cal., to Gucrneville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles; total
93 miles. This is a consolidation of several companies. Earnings were:
In 1883, gross, $538,821; net, $263,296. In 1882, gross, $505,771;
net, $222,987.
Sail Francisco Sc Nortli
to Cloverdale, Cal., 56 miles;

177; V. 39. p. 72, 183.)
St. Paul Minneapolis Sc Manitoba— (See Map).—Owns from St.
Paul to Fergus Falls, 186 miles; Osseo Juuctiou to St. Cloud, 63 miles;
St. Cloud to Hinckley, 66 miles; Sauk Centre to Eagle Bead, 36 miles ;
East Minneapolis to Breckenridge, 204 miles; Breckenridge to Portland,
101 miles; Everest to Mayville, 46 miles; Ripon to Hope, 30 miles;
Morris to Brown’s Valley, J.7 miles; Fergus Falls to St. Vincent, 202
V. 38, p.

miles; Breckenridge Junction to

Savannali Florida Sc Western.—Owns from Savannah, Ga., to

Chattahoochee, Fla., 258 miles; branches—Bainbridgc Junction to Bainbridge, 8 miles; extension to Savannah wharves, 2 miles; Junction
Branch, 4 miles; Dupont to Live Oak, Fla., 48 miles; Live Oak to
Branford, 24 miles; Thomasville to Live Oak, 58 miles; total, 404
Also from Way cross to Jacksonville, under separate organiza¬
miles.
tions, 75 miles. This was a consolidation in 1865 of the Savannah
Albany A Gulf Railroad and the Atlantic Sc Gulf under the latter

Grand Fork’s Junction, 126 idles; Grand

Boundary, 81 miles; Crooks ton Junction to Devil’s Lake, 113
'miles; Fergus Falls to Pelican Rapids. 22miles; Shirley to St. Hilaire, 22
miles; Moorhead Junction to Ilnlstad, 34 miles; other small blanches,
18 miles; total operated, 1,397miles.
Forks to

name.

The Atlantic & Gulf road was sold in

foreclosure of the second

1879, subject to the consolidated mort¬
This company was organized May 23. 1879, under tbo charter gage and other prior liens amounting to about $2,705,000. The old
of the St. Paul A Pacific Railroad, and embraced the St. Paul £z Pacific sectional mortgages yet amount to about out $260,500.
The present
Railroad, the First Division of the St. Paul A Pacific Railroad, the Red
company has a capital stock of $2,331,800, which is held in very few
River Valley Railroad, and the Red River A Manitoba Railroad. The hands and dividends are paid as earned.
The earnings in 1883 were
company took 2,000,000, acres of land as successor to the roads above $2,159,823 gross and $381,779 net.
In 1^82 gross earnings, $1,675,named, which were foreclosed. The proceeds of land sales are reserved 817; net, $358,762. H. B. Plant, President, New York. (V. 38, p. 619.)
by the first mortgage trustees as a sinking fund for the redemption of
Savannali Griffin Sc North Alabama.—Owns from Griffin,
the bonds at or under 105 and interest, and bonds ere called in yearly
The second mortgage bonds do not Ga., to Carrollton, (4a., 60 miles. Operated m connection with Central
so far as the funds are in hand.
cover the land.
The land sales for year ending June 30, 1884, were Railroad of Georgia. Capital stock, $1,010,900. In 1880-81 gross earn¬
83,907 acres, for $460,982, and the total cash receipts $581,299. The ings $79,113; net, $14,985; in 1881-82 gross, $81,216; net, $8,130.
net amount due on land contracts June 30, 1884, was $1,059,141; lands
Schenectady Sc Duanesburg.—From Quaker Street Junction,
unsold. 2,335,111 acres.
N. Y., to Schenectady, N. Y., 14 miles. Formerly Schenectady A Sus¬
The Dakme Extension bonds arc issued at $12,000 per mile. The
quehanna Railroad, and was foreclosed in 1873; reorganized and leased
consolidated mortgage bonds of 1883 wrere issued to stockholders of | in
perpetuity to the Delaware A Hudson Canal Company. Lease rental,
May 1, 1883, to the extent of one half their holdings on the payment $30,000 per year, paying 6 per cent on bonds. Stock, $i00,500.
of 10 per cent of the bonds in cash.
The authorized amount of con
solidated mortgage is $50,000,000. of which $19,426,000 is reserved to j
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
It is an old road, find was leased
pay prior liens, and the balance may be issued for new road at $15,000 * 11 miles; branches, 8; total, 19 miles.
per mile single track or $27,000 per mile double track. The Minneapolis to the Pliila. Sc Reading RR. from Sept. 1, 1861, at an annual rental
Union RR. iH a connecting road for other roads from the stock yards at of 5 per cent on the stock. Operations are included in the Philadelphia
St. Paul to Minneapolis, and its stock is $1,000,000,
*
| A Reading reports. Has no bunded debt. (V. 37, p. 152.)
The annual report for year ending June 30, 1884, was in V. 39, p. 323.
Scioto Valley.—Owns from Columbus, O., to the Ohio River oppos¬
INCOME ACCOUNT.
'
ite Ashland, Ky., 132 miles. Enough of the consolidated mortgage is
1880-81.
1881-82.
1882-83.
1883-84. reserved to take
up the first and second mortgage bonds.
In July, 1882,
Receipts

—

$

1,837,817
223,832
4,600

Total income
Disbursements—
Interest on debt
Dividends
Rate of dividend

2.066,249
$
1,109,951

4,008,852
$
1,188,091
975,000

223,832

702,864
157,812

418,270
381,545

1,333,783

3,023,767

3,802,888 4,349,505

Miscellaneous
Total disbursements..

8

5,459,519
$
1,264.279
1,724,664
8

813,945

4,960,182

1,949,690
l,6o0,000
8

Balance, surplus
732.4 66
98. ,085 1,656,631
610,677
-(V 37, p. 100 152, 309, 3201 V. -38, p. 60 ; V. 39, p. 210. 323, 402.)
St. Paul Sc Northern Pacific.—'This company was incorporated in
1874 as the Western RR. Co. of Minnesota, ami nas been in operation
since ’77 from Brainerd. 60*2 miles south to Bank Rapids. In ’83 it was




mortgage on November 4.

$
$
$
3,113,916 4,553,468 4,327,478
860,677
813,945
418,270
34,259
34,259
92,106
214,434

Net earnings
Revenue from Land Dep’t
Other receipts
—

Sinking fund

:

put under construction, 66*3 miles, from Sauk Rapids to Minneapolis,
and completed July 1, 1884, since which date the main line from
Brainerd to Minneapolis lias been in operation, and over it now passes

Net

Earn.

and road sold in foreclosure May 1, 1877, and this oompany organized
June 27. The preferred stock is received in payment for lands at par.
Three shares of common stock have one vote and each share of pre¬
ferred lias one vote. Preferred stock lias a prior right to 7 per cent from
'‘income from all sources, including land sales;” then common to receive
The

5

553,000

ioo

—(V. 36. p. 79; V. 38, p. 62, 176.)
St. Paul Sc Duluth.—Line of Road.—St. Paul, Minn., to Duluth,
Minn., 155 miles; branch to Knife Falls, 7 miles; leased: Stillwater &
St. Paul RR., 13 miles; Minneapolis A Duluth RR., 12 miles; Taylor’s
Falls A Lake Superior. 21 miles; Grantsburg Branch, 17 miles; total,
225 miles. Between Northern Pacific Junction and Duluth, 24 miles,
the road is owned jointly with the Northern Pacific.
This was the Lake Superior A Mississippi RR., opened August 1,

6 p. c.;

75

1

Miles.
..

$5,237,570 7iupf.stk
4,055,407

1,000

....

1869
1871
1874

80
31
29
28

pref.)
Lewisbury— 1st mort., coup.

mortgage, gold, on road and lands

Years.

1881

Rate per
j
Cent.

Outstanding

(for $7,500,000)

Seaboard cC- Roanoke—Stock ($244,800 is

Shamokin Sunbury
Shamokin Valley <&

• • •

Amount

$....

.

116
116
93
286
58
58
60

1st mortgage,'new
San Francisco <& North

General consol, mortgage

-

....

Sandusky Mansfield & Newark—Re-organized stock

2d mortgage (sinking
Consol, mortgage

-

152

mortgage

BONDS

INTEREST OR DIVIDENDS.

Miles
Date Size, or
Par
of
of
Road. Bonds Value.

Minneap. Un. RR.. 1st M., gold,guar.($3,000,000)
St. Paul & No.Pac — Stock ($10,000,000 authorized)
General mort.. g , cp.orreg., gold
Western RR., Mum., 1st mortgage, RR

AND

by giving immediate notice of any error discovered in these Tables.

Subscribers will confer a great favor

For

STOCKS

RAILROAD

October, 1884.]

it was voted to increase the stock to $10,009,000. of whicli $2,093,350
issued to Dec., 1883, and issue a general consolidated mortgage, and
extend the road from Columbus to Fort Wayne, Ind. No.,e of the con¬
sol, bonds luul been issued up to July, 1884.
In 1882 gross earnings,

$549,255; net, $137,517.
In 188 i gross earnings, $553\602; net,
$143,696 ; rental, $12,000; interest on bonds, $155.??90; other interest,
$28,713; deficit for year, $52,907. Wm. Adams, President, New York.
—(V. 36. I>. 254; V. 37, p. 201.)
,
Seaboard Sc Roanoke.—Owns from Portsmouth, Va., to Weldon,
*
N. C., 80 miles. Of the stock, $1,058,600 is common, $200,000 is 1st 7
per cent guar., and $44,200 is 2d guar. Net earuings 1880 81, $232,495 ;
1881-82, $178,587; 1882-83, $186,778.
J. M. Robinson, President,
Baltimore, Md. (V. 37, p. 128; V. 38, p. 562.)
Shamokin Sunbury Sc GewlKburg.—Line from Shamokin to
West Milton. Pa., with iron bridge over Susquehanna River at Sunbury.
The road was built by Philadelphia A Reading, and opened iu 1883 for
its coal trathc northward. Stock. $l,00o,000: unfunded debt, $486,958;
f —(V. 36. p. 561, 675, 699.)

’

xk\

BASOT[NON?CDoKSl..

ilALOJD




RAILROAD STOCRS AND

October, 1884.]
Subscribers will confer

a

BONDS,

77

great favor by giving immediate notice of
any error discovered in these Tables.

DESCRIPTION.
Miles
Date Size, or
For explanation of column headings, Ac., see notes
of
of
Par
on first
page of tables.
Road. Bonds Value.

Shenandoah Valley— 1st mortgage.
General rnort., gold
3d mortgage income bonds, registered, non cum..
Shenango <t Alleghany—1st mortgage:
West Pennsylvania A Shenango, 1st
mortgage... j
Shore Line tConn.) -Stock
'
1st mortgage
Somerset— 1st mortgage, gold
South Carol inn— St oek
1st mortgage, sterling loan
1st mortgage, dollar bonds (L)
1st. consol mortgage (for $5,000,000)
2d consol, mortgage

i

Income mortgage bonds (not
cumulative)
So. & No. Alabama—1st M., endorsed

!

j

j

I

j

.

181

$1,000
1,000
1,000
500 Ac.

ioo

....

1880
1871

1868
1868
1881
1881

1000Ac.
100
100
Various
500

1,000
1,000
1,000
1,000

1870
1873

£200

....

....

*7*6
*2*4

{
•

114
114
175
149
18
42

..

..

1880
1881
1883
1869

1881

....

Maryland— 1st mortgage, gold
Pac.^of Arizona— 1st mort./gold,cp. or reg.
South. Pac.(Cal.)— 1st mort.,trotd,land gr., op. or
reg.
Monterey, 1 st mortgage
’

Southern

50
25
243
242
242

183

South Pennsylcania—1st mortgage, gold
Southern Cent. (N.A.)—1st mortgage bonds
New consol, mort. (for $3,400,0u0) convertible...
Southern Kansas—1 st mortgage
Southern Kansas & Western—1st
mortgage
Sumner County RR.—let
mortgage
Ottawa A Burlington
RR.—lstmortg., guar

Southern

"5*6

2*42

by Alabama.

Sterling inort., s. fund, guar, by L, & N
2d mortgage bends (owned by L. A N.)
South Pacific Coast— Stock
South Pennsylvania—Stock (for$15,000,000)

144
249
249
57

i 8*6*9

....

1882
1879

200 Ac.
200 Ac.
500 Ac.

1880

1,000

1880

1.000
1,000

1K80
.

384

’7*9-’30

1.00*0

955

'75-’82
1880

500 Ac.

15

1,000

INTEREST OR DIVIDENDS.
Amount

Outstanding
$2,270,000
3,991,000
1,500.000
1,200,000

1,000,000
200,000

450,000
4,204,160
461,107
442.000

4,275,000
1,130,000
2.538.000

391,000
4.872,310

2,000,000
1,000,000
(?)
625,000
{10,000
2,832,600
2,940,000
1,742,000
239.000

500,000
500,000
9.604,000

33,050,000
250,000

Rate per

When

Cent.

Payable

Whom.

7 g6 g.
6
7

J. A
A. A
Feb.
A. A

3Lj
4^

J. A J. N.
M. A S.
J. A J.

7 g.

5
5 g.
6
6
6
6
8 g6 g.

6

7 g.
7
5
0
7
/

0
6 g.
6 g.
6 g.
5

J.
O
1
O.

Bomls—Princi¬

pal, When Due..
Where Payable, and by Stocks—Last
Dividend.

Philadelphia A London.

Jan.

Philadelphia and N. \T.
Philadelphia, Ottice.
N. Y., N.Bk. of Com’rce.

April 1, 1921

H., Nat. N. H. Bank.
do

do

....

J.
J.

A
A
A. A
J. A

J.
London.
J. N. Y., Nat. City Bank.
O. N.Y., H.TalmadgeA Co.
J.
do
do
Yearly.
do
do
J. A J. N. Y., Drexel, M. A Co.
M. A N. London,
Baring Bros.

1, 1909

Jan. 1, 1923
1889 A 1907

July 5, 1*884
March, 1910
July, 1891
Feb. 1, 1883
1884 to 1838
18S4 to 1888
Oct. 1, 1920
Jan.
Jan.
Jan.

1, 1931
1. 1931

1, 1890
May 1, 1903
1910

M.
F.
F.
A.
J.
M.
A.

A
A
A
A
A

J.

A

S.
A.
N Y., Vermilye A Co
A.
do
do
O. Boston, Nat. Union Bk.
J.
do
do
A S
do
do
A 0.

,T.

A. A O.
A. A 0.

New York City.
N. Y., Mills Building.
do
do

Mar.

1, 1900

Aug. 1, 1880
Feb. 1, 192*2
Apr. 1, 1909
Jan. 1,

1910

Sept. 1, 1910
April 1, 1909
Mar.,

i.909-10

1905-6 A19L2

April 1, 1900

Sbaittokin Valley Ac Pottsville.—Line of road,
Sunbury, Pa., to
Southern Central (N. Y.)—Owns from
Mt. Carmel, Pu., 27 miles; branch to Lancaster
Fairhaven, N. Y., to Penn¬
Colliery, 2 miles total 29 sylvania State Line, 114 miles. Leases the Ithaca
miles. The road was leased
Auburn & Western,
February 27,1803, to the Northern Ceutral Freeville to Auburn, 38 miles; State Line to
Sayre, 2 miles. Total
Railway Comx>any, with a guarantee of interest on the bonds and 0 per
operated. 154 miles. Road forms an extension into New YTork State for
oent per annum on the stock. The
yearly reports will be found in the Lehigh Valley Railroad, in the interest of which
Chronicle with the reports of the Northern Cent. RR. Gross
it is con¬
earnings for trolled. A readjustment of funded debt was made in company’
1882 on the present
1882-83, $500,688; net, $300,847. Geo. B. Roberts, President,
Pliila.
basis. The new 5s are convertible into stock at
option of holders within
ten years, and $100,000 are held in trust to retire the
Shenandoah Valley.— (See Map of
prior bonds due in
Norfolk d West.)—From Hagers, 1899.
town, Aid., to Waynesnoro and thence to a connection with the Nor
Capital stock paid in is $1,790,23\. In 1881-82, gross
earnings
were $542,310; net, $192,143
folk A Western road at* Roanoke, 239 miles and
; m 1882-83, gross, $511,900; net,
branch 10 miles
A
$230,579.
close contract lor
(V.
36,
p. 427; V. 37, p. 695.)
working and an exchange of stock for Norfolk A
Western stock has been made; also a contract with
Pennsylvania RR.
Southern Kansas.—Owns from
for exchange of business was made in 1883,
Lawrence, Kan., to Cotfeyville
by which the Pennsylvania (Indian Ter. Line), 144 miles: branches—Ottawa
and the Cumberland Valley RR.
Junction to Olathe,
32
companies agreed to lay by 20 per cent
miles; Olathe to Waseca, 14 miles; Cherry vale to
of the gross receipts from business
with the Shenandoah
Harper Kan.,
149 miles; Wellington, Kan., to
till
Valley
Oct.
Hunnewell, Kan., 18 miles; Ottawa A
1,1885, *5 per cent for live years succeeding that date, and 10
per
42
Burlington
RR.,
miles;
total
cent for the five years
398 miles. The Southern
following, for tin* purchase of the principal of the Kansas Railway is a consolidationoperated.
of the Kansas City Lawrence &
Shenandoah Valley’s general
mortgage
at the rate of $200,000 a year, if Southern Kansas Railroad, the Kansas
the bonds can be purchased at
City A Olathe Railroad and the
par; otherwise the fund for that year Ottawa &
Burlington RR. The Kan. City Lawrence A Southern Kan. was
lapses. In any year prior to October 1, 188k, this fund may be
applied
formerly
the
A
Gal.
Leav.
Law.
to the purchase of coupons if the
RR., which was sold in foreclosure Aug.
earnings are insufficient to pay 9, 1878, and purchased by*
interest. The stock is $3,696,200, of which
bondholders, and the present company organ¬
$3,050,600
is held by the ized May, 1879. In November,
Norfolk A West. RR. Co. The statistics in Nor. A W.
1880, the consolidation of
report V. 38, p 385, roads above named was made, and the consolidated stock of the three
showed for the Shenandoah road in 1883
$3,759,000
gross earnings, $854,415 ; net
was purchased in the interest of the
Atchison Top. A S. Fc with the 5
|192,257; interest charges, $375,905: deficit, $183,64*, for which ad¬
per cent bonds of that- company, through its
vances wore made
auxiliary corporation, the
by the Nor. A. West.
For 8 mont hs from Jan. 1,1884,
Kansas City Topeka A Western.
(V. 36, p. 399, 559 : V. 37, p. 23, 99,
gross earnings were $47 6,047. against
$5.7,304 ; net, $65,106, against 127, 259, 376; V.
3S, p. 31,295, 479, (178; V. 39, p. 47, 157, 263.)
$97,332. (V. 37. p. 49,100; V. 38, p. 295. 541, 647; V.
39, p. 49, 382.)
Southern Maryland.—The Southern
Maryland RR. was
Shenango A: Alleghany.—Owns from Greenville to Hilliard,
Pa., extend from Point Lookout, at the. mouth of the Potomacdesigned to
47 miles; branches, 10
River, to
miles; total operated, 57 miles. Leases the West
Interest
in
Washington.
was
default
and W. W. Seott appointed receiver
Pennsylvania A Shenango connecting road, extending from this line to See
Chronicle,
V.
36,
p. 445.
Butler, 24 miles, under construction in 1883. The
company made
default in 1879, but the October
Southern Pacific of Arizona.—This is the
coupons were paid Feb. 21, 1S8(L
Road
connecting line of tho
now in hands of receiver.
Stock, $200,000. Gross earnings in 188 -t. South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles.
The
stock
is
$192,302 ; net, $73,401
$19,995,000.
Gross 1882, $171,176; net, $73,855. A. II.
Operated under lease to Central Pac.
till Nov. 1, 1885, at $135 per mile
Steele, President. Titusville, Pa. (V. 38.
per month. Rental for 1883, $635,355.
p. 350.)
Southern Pacific (of
Shore Liue (Conn.)—Line of road. New
of Road.—This road
Haven, Conn., to New and its extended connectionsCalifornia).—Line
require a map to show them clearly. The
London, Conn., 50 miles. Leased to New York A New Haven
RR. Co. in
road in California is in two divisions—the North.
Liv. from San
perpetuity Nov. 1, 1870, at $100,000 net per annum. Chartered as New to Tres
Pinos, 100 *2 miles; Carnadero June, to Soledad, tjO1^ Francisco,
Haven & New London
miles; and
RR.; sold in foreclosure and reorganized under leased line, Castroville
June,
to
present title June ‘29, 1864. Dividends 3*2
Monterey, 15 miles; Santa Cruz RR., 21
in Jail, and 4 in July. Opera¬ m.; total in North. Div., 197
tions and earnings are included in the
miles;—the South. Diw, Huron via Goshen to
reports of the lessee.
Colorado Riv., 529 miles; Mojave to the Colorado
River, 243
Los
Angeles via Wilmington to San Pedro, 25 miles; total South.miles;
Somerset.—Oakland, Me., to Anson, Me.,
miles. Capital stock,
Div., 794
$379,050. In September, 1883, the bondholders 25
miles;
total
South.
Pacific
in
Cal., 992 miles.
At Goshen the Southern
took possession and pre¬
Div. meets the San
pared to reorganize the company. Gross earn’trsin
Branch of the Cent. Pac., by which it reaches
1881-2, $27,792; net, San Francisco and Joaquin
$5,070. Gross in 1882-83, $25,996; net, $1,660.
the main line of Central Pacific. The line
Mojave
Junction to Colorado River forms a connection with the
Atlantic A Pac.
South Carolina.—Owns from Charleston
for the East. The Southern Pacific, at
to Augusta, S. C., 137 m.;
with
Yuma,
connects
its
branches to Columbia, 68 m., and to
closely
Camden, 38
total main line and atfiliated lines extending to El Paso, and thence over the Galv. Har. &
brandies, 243 m. Default was made and the road m.;
San Ant. and its connections to Galveston and New
sold in foreclosure July
Orleans.
®1, and fhc company’ was reorganized with stock and bonds as above.
Organization, Ac.—The Southern Pacific was a consolidation Oct. 12,
The company held in its
Oct,, 1884, $200,000 2d consoli¬ 1870, of the Southern Pacific, chartered Dec. 2, 1865
dated bonds and $402 0L0 treasury,
; the Sail Francisco
incomes.
The annual report was in the
A San Jose, Aug. 18, I860; Santa Clara A
Chronicle, V. 38, p. 176. Tho fixed charges were $373,754, and 3
Pajaro Valley, Jan. 2, 186Q,
and
California Southern, Jan. 22, 1870. Afterwards the Southern
per
®rnt paid on Income
Pacific
bonds, $76,14o. Earnings for throe years past were:
Branch RR. (chartered Dec 23, 1872,) and the Ix>s
*.®are*
Angeles A San Pedro
Milos.
Gross Earnings.
Net Earn’gs; (chartered Feb. 18, 186*) were absorbed. The Central
Pacific
RR. leased
243
$1,233,901
$500,951 the southern division of tins road for a period of five years from
243
}°82....
1,313,920
501,190 1880, (which is likely to be extended for a further term). TheJan.,
net
243
1,326,969
432,840 rental is $250 a month or $3,000 a year, per mile., and if it shall he
~(V. 36, p. 82, 220; V. 37,
p. 555; V. 38, p. 176.)
reduced by mutual consent, the rental shall be at
least sullicientto pay
South Ac North Alabama.—Owns from
In August, 1884, sold 242 miles of road to
Decatur, Ala., to Mont¬ interest on bonds.
the
gomery, Ala., 182 miles, with a branch of 6 miles from
Atlantic A Pacific,
m

Elmore to
The road is controlled
by the Louisville & Nashville RR
owns a majority of the stock ami all
of the second mort¬
gage bonds, $2,000,000, due 1910, which are
a rust Co.
pledged with the Union
as
security for the L. A N. bonds, dated June 1,1880. 500,000
acres of land in
Alabama, largely mineral, nave been transferred to the

wetumpka.

company, which

grille & Nasi.ville Co. Common stock, $1,469,082 ; preferred stock,
^2,000,000. In 1883-84 gross
interest and taxes, $561,264 ; earnings were $1,643,562; net, $558,170;
deficit, $3,094: due Louisville A
BR. Co.,
,

Nashville

$1,565,967.

®°°th

Pacific Coaftt (Narrow-gauge),—Owns from Newark

rL .e^11
(T'clton),
relton to

to

Cal , 45 m.; leased -San Antonio Creek to Newark. 25
Santa Cruz, 6 in.; total, 76 m. There are no
bomls, but in
i«
t here was
due the treasurer of $1,791 322. Gross earn,
mgs 1883, $7 i 1,426;
net, $197,686. A. E. Davie, Prest., San Francisco.
j

Pennsylvania.—This

Pifta raill'oad in

J

red

Duvriri

m it.

Pennsylvania as
Mr. W. H. Vanderbilt
See V. 39, p. 209.

is the title of the company construct

a connection of the

Phila. A Read, to
is -supposed to be
very heavily inter¬

Pennsylvania Railway Ac Mining Co.—South Pennsyl
.diction
to Richmond, Pa., 21 miles, with a branch from Riel
to
Ore

Banks, 2

miles.

Leased for 199 years from March 1,
1870

unrwii r au(* Valley Railroad Compauy.
but™.

e Vame

Southern Pennsylvania

Road originally organize'
Iron & Railroad

Company
as- 8°l(l l)y foreclosure of second mortgage
December, 1872, am
organized under present name.
Capital stock, $800,000.




extending from tho western terminus of the A. A P.
to Mojave;
and right of way over the balance of the line to San
Francisco is secured at a fixed rental.
8tock and Bonds.—The authorized stock is
$90,000,000, of which
$44,039,100 has been issued and is supposed to be held mostly
.by the
directors. The bonds above are m series A, B, C, D
and E, of which A
includes $15,000,000 and B, C, I> and E each
$5,000,000; there are
also two other series, F of $5,000,000 and G of
$6,000,000 for new con¬
struction as required. The seines A. B, C and D mature in
1905 6. the
series E in 1912. Over $5,000,000 of these bonds are held in
the Central
Pacific sinking funds. The bonds arc a
mortgage on the lands, and aa
proceeds of lauds come into the hands of the trustees, bonds are
pur¬
chased, and $1,932,009 have been so retired. There is also a sink¬
ing fund of $100,000 per year.
Land Grant.—The land grant is 12,840 acres
per mile, and proceeds
of sales go to pay bonds. The total grant is estimated
to
furnish
10,445,227acres.b it a large proportion of the lands are barren and
useless for agricultural purposes without
irrigation. In 1883 the sales
were83.565 acres lor $361,278; total acres sold to Dec.
3i, 18*3, 688,694 for $3,006,964, leaving 9,► 05,227 acres unsold Dec.
31, 1883.
Oi’Erations, Finances, Ac.—The Southern Pacific of California, with
its
connecting lines, forms a route from San Francisco to New
Orleans, and is one of the most extended systems in tlie
country.
The short lease to the Ceutral Pacific was made soon
after the
completion of the Southern Pacific and gave the latter
company an
assured status. Owning the Morgan RR. and
Steamship Co., this lino has
a tratfic from New York and other Atlantic cities
direct to California.

RAILROAD

78
Subscribers will

For

explanation of column
on

first page

confer a great favor

headings, Ac., see notes

of tubles.

Southern Pacific of N. Mexico—Mort., coup,
Southwestern (Gaj—Stock, guarant’d7 per
Southwest Pennsylvania—Stock

or reg..

annum

Date
Miles
of
of
Road. Bonds

mortgage
Spuyten Duyvil <£ Port Morris—Stock
Slate Line <& Sullivan— 1st M., conv. (red’hle aft.’SS)
Staten Island—1st mortgage
Sterling Mountain (N.Y.)—1st mort., income, guar.

mort., (guar, by

6
24
13

734
45
20
20
43 ifl
23
23

C. P.)

.

bonds
Sunbut'y <£ Lewistown— 1st mortgage
Suspension Bridge & Brio. .Tu.nr.ti.nn—Stock
1st mortgage

_

1st mortgage.
Syracuse Biughampton <£ N. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)

81
81
81
43
57

Syracuse Chenango <& New York—Funded debt
Syracuse Geneva & Corning— 1st mortgage
2d

mortgage
Terre Haute & Indianapolis—Stock
Bonds ot1873
Terre Haute dt Logansport.—Stock
1st mortgage, guar, by Terre Haute
Texas Central— 1st

mortgage, gold

A Ind’napolis

Texas-Mexican—1st mortgage, gold ($15,000 p. in.).
Texas <t N. Orleans of ’74—1st mortg. land gr., coup
8abine Division, 1st mortgage ($25,000 per mile)
1 Kt

Pnrifir.—Stock

mortgage,

2d mort.,

165
105
104

1,391
524
524

gold, coup. (E. Div.)

consol., gold, coup.

(E. Div.)

500 Ac.
50

546,150
962,000
989,000
200,000
300,000
475,674
500,000
4,010,350

1874
1876

1,000

1.300,000

500

500,000
500,000

1870
1875
1867
1876
1877
1875
1879

1,000

1,000,000

100

2,500,000

m

.

1877
1873
1881
1875
_

1,000

.

m

m

100

1,000
1,000

Net earnings of Northern Division
Rental of Southern Division
Contract with Wells, Fargo & Co
Other sources

Redemption of bonds

1,000
50 Ac.

Total receipts
Disbursements—
Interest on debt
Sinking fund
Taxes and street assessments
Miscellaneous
Total

disbursements.

Balance for year
—(V. 37, p. 68, 265.

6 g-

3*2
5
7
4
7
7
7
5
3
7
7
7
7
2
7
7
7
7
5
4

7

1,000

1879
1879
1881
188-1
1881
1875

1,000
1,000

2,145.000

1,000

1,254,000

6
7 g.
7 g.

(?)
2,500,000
1,620,000

6 g.
7

50

500,000

1,000
1,000

1875

1,000

2,075,000
32,161,900
3,874,000

1875

1.000

9,226,000

1883.

of gross
anpum.
Lessees

$2,925,484

$1,712,435
$1,712,435

$1,977,624

323,988
172,380

190,361

Syracuse

When

Where

Payable, and by
Whom.

Payable

Stocks—Last
Dividend.

A J. N. Y\, Company’s Ofiice Jan. 1, 1911
A D. Savannah.Cent.RR. Bk. Juno 24, 1884
Sept., 1883
M. A S. Phila. and Greensburg.

J.
J.

Feb., 1917
F. A A.
Philadelphia Office.
New York.
July, 1884
J. A J.
J. & J. N Y., Union Trust Co. Jan. 1, 1899
April 1, 1893
A. A O. N.Y., Company’s Office.
July 7, 1895
New York.
Feb.
January. 1905
J. A J. N. Y., Central Pacific.
Feb. 16, 1876
F. A A. Prila.,233 So. 4th St.
Jan. 1, 1904
do
do
J. A J.
J. A .1. Phila., Guar. T. A D. Co July 1, 1896

Yearly.
West. July 1, 1900
Q.—Mar N.Y., D. L. A W. RR. Co. Sept. 1,1884

J.

A J. N. Y. Lake Erie A

J.
A.
F.
M.
M.
F.
A.

do
do
A D.
do
do
A O.
A A. Syracuse Savings Bank.
A N. N.Y.,Farmers’ L.A T.Co.
A S.
A A. N.Y".,Farmers L.A T.Co.
do
do
A O.

Nov. 15,1905
Mar. 1. 1909

J.

A J N.Y.,

Farmers’!*. A T.Co.

1910
Nov, 1, 1909

J.

M. A N N.
M. A N

Y., J. J. Cisco A Son.
do

A J

F. A A

N.

Y.,Cent. P. RR.Office.

June, 1887
Oct. 1, 1906

Aug. 1, 1907
Aug. 15, 1884
1893

May 1, 1911

July 1, 1921
Aug, 1, 1905

....

6 g.
6 s.

M. A S.
J. A D.

Phila., N.York ALondon March 1, 1905
June 1, 1905
do
do

Blnghampton & New

$105,000 per
In 1381-82, loss, $18,296.

not less than

York.—Owns from Geddes-

miles. Chartered as Syracuse Si Biughampton and opened Oct. 23, 1854; foreclosed and reorganized Apr!
30, 1857, and leased to Delaware Lackawanna Si Western. In 1381-82
gross earniugs, $1,123,269; uet, $">38,270; interest, $141,400; divi¬
dends (10 per
cent), $250,000. In 1882-83, gross, $963,433; not
$454,023; int., $141,500; div. (9 p. c.), $225,000. (V. 36, p. 141.;

100,000
250,479

$2,518,464
$407,020

V. 39, p. 21,181, 263, 349.)
Southern Pacific of New Mexico.—Road extends from Ari¬
zona State Line to the Rio Grande at El Paso, Texas, 167 miles.
Oper¬
ated underlease to Central Pacific till Nov. 1, 18*L5, at $1,620 per mile
per annum.
Rental in 1882 was $285,638. Gross earnings were
343; V. 38, p. 62 ;

and surplus over expenses and rental, $89,901. Stock,
(V. 37, p. 667.)
Southwestern (6a.)—From Macon, On., to Eufaula, 144 miles;
has 177 miles of branches, the main one being from Fort Valley to Col¬
umbus, 71 miles.
A lease was made Aug. 1, 1869, to the Central RR.
of Georgia which assumes the liabilities and guarantees 7 per eeut on
the stock, but 8 per cent is to be paid if 10 percent is paid on Central
stock. In June, 1881, $32 per share in 6 per cent debt certificates was

Bo nds—Prinei-

i

receipts, which are guaranteed to be
Loss to lessees in 1880-81, $17,901.
own all stock except 297 shares.

N. Y., to

43,645
300,000

$3,063,174
$3,063,174

$754,37 L

Rate per
Cent.

1873

$623,642
1,958,197

$2,308,803
$2,308,803

1,988,150
1,600,000
500,000

50

1882.

100,000

942,400
600,000

....

$642,508
$042,508
1,666,666
1,606,660
159,000
595,000

270,000
1,750,000
261,400

1,000

Atlantic A Pacific road a traffic guar¬
business exchanged with that line,
Atlantic A Pacific bonds. Gross
earnings for six months of 1884, from Jan. 1, on North, and South, divis¬
ions, were $2,40»,526, against $2,690,001 in 1883; net, $871,94*,
against $1,200,316. The annual report for 1883, published in August,
1884, was in the Chronicle, V. 39, p. 181. Income account was as fel¬
INCOME ACCOUNT.

$4,180,000
5,019,300

....

The Southern Pacific gave to the
antee of 25 per cent on earnings from
if necessary, for payment of interest on

lows:

Outstanding

1$ 1,000

iio
93
143
84

Amount

Par

Value.

100

....

discovered in these Tables.

pal,When Due.

Size, or

114

5Iortgage, gold (2d on 143 miles)
General mortgage, $25,000 per mile

Texas ^

1881

1877

1st

Stockton & Copperopolis— 1st
Summit Branch (Pa.)— Stock

notice of any error

by giving immediate

x67
321
44

[Vot, XXXIX.

STOCKS AND BONDS.

$789,753,

$6,888,800.

Biughampton, N. Y., 81

York.—Owns from Syracuse. N. Y.,
Valley Rail¬
organized March 14,
Railroad. April 15,
organ¬
and present
hands of a
Buffalo has acquired
and $301,400 pref.
Earnings in 1881-2, gross, $94,111; deficiency after charging out inter¬
est account, $26,413. In 1882-83 gross earnings $86,139; deficiency

Syracuse Chenango Ac New
Earlville, N. Y., 43*2 miles. The Syracuse & Chenango
road was sold in foreclosure and a new company
1873, under the name of Syracuse & Chenango
1877, ro;ul was again sold in foreclosure
company
ized. which also became embarrassed and passed into the
receiver January, 1879. The N. Y. West Shore A
control of the property. Stock, $500,000 common

to

after

charging interest,

$53,990.

Corning, N. Y., to
December 10, 1877,
of 3313 per cent
its gross earnings. Stock is $1,200,000.
In 1882-83 gross earnings
$596,860; operating expenses, $315,421; net, $281,439; rental,

Syracuse Geneva & Corning.—Owns from
Geneva, N. Y.. 53 miles. This road was opeued
and is leased to the Fall Brook Coal Co. at a rental
of

were

lessor, $32,485.
Indianapolis.—Owns from Indianapolis to Illi¬
nois State Line. 80 in., with coal branches, 34 m.; total, 114 m. The road
was opened m 1852 (as Terre Haute & Richmond).
The company leases
and operates the Terre Haute Si LoganSport RR., also the St. Louis
Vandalia & Terre Haute Road on .joint account with the Pittsb. Cm. & St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds. In 1832-83 gross earnings, $1,297,690; net e.arnlugs, $ 104.103; total net income, $453,777; interest and 8 per cent divi¬
dends, $271.052; loss on T. 11. Si L. lease, $141,208 ; ios3 on St. L. V. A
T. H., $23,079; surplus for year, $18,437.

$198,953; balance to
Terre Haute A:

from Logan sport, Iud.,
to Torre Haute, 22 miles.
Total operated, 116 miles.
Formerly Logansp. Crawfordsv. & Soutliw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental, 1830-81, $61,649 ; in 1881-82, $80,313.
Texas Central.—lane of road from Ross, in McLennan Co., to
Albany. Texas, 177 miles;. Garrett to Roberts, 52 miles; total. 229
miles. Is controlled in Houston & Texas Central interests, by which
company it is operated; but accounts are kept separate. Gross earnings
on 143 miles in 1880-81, $247,707:
net, $128,670. In 1881-82 on 180
miles, gross,'$269,542; net, $121,679. Stock, $1,500,000. C. A. Whit¬
ney. Pres.. N. O
(V. 36, p. 675; V. 39, p. 436.)
Texas-Mexican.— Owns from Corpus Cliristi, Tex,, to Laredo on
formed December 2, 1874, under the present name. Stock, $990,00C. the Rio Grande, 165 miles. Charter covers 1,400 miles in all. Under
(par $50). The mortgage covers 5,000 aereH coal lands. In April, 1884, same control as the Mexican National, and iu November, 1883, a lease
this road was reported as leased to the Lclugh Valley for fifty years, at for 99 years was made to the Mexican National Company. W. J. Palmer,
$36,000 per annum for three years and $10,u00 afterwards. * (V. 38, p. President. Land grant, 16 sections per mile. Stock authorized $12,510.)
000,000.
Staten Island.—Local road on Staten Island, Stapleton to TottenTexas Sc New Orleans (of 1874).—Houston, Tex., to Orange
ville, 13 miles. Road is operated in connection with Staten Island (Sabine River), 105 miles; and Sabine City to Rockland, 104 miles;
Ferry Company. Capital stock, $210,000. In October, 1883, leased to total 209 miles. In August, 1881, this company acquired the Louisiana
Staten Island Rapid Transit Co. Earnings in 1882-83, gross, $332,408 : Si Western from Vermillionville, La., to Orange, Texas, 112 miles',
net, $251.420; surplus over interest, dividends, Ac., $13,900. One per hi Aug., 1882, it was voted to increase the stock to $5,009,000, for the
cent dividend paid July 21. 1884.
(V. 36, p. 724 ; V. 37, p. 400.)
purpose of acquiring the Sabine Si East Texas road. This was a reorga¬
Sterling Mountain (N. Y.)—Road runs from Sterlington on the nization, 1874, of the old Texas A New Orleans RR. The stock is
Erie Railway to Lakeville, 76 miles. Bonds guaranteed by Sterling Iron
and a controlling interest was sold to the Huntington Syn¬
A Railway Co. Stock, $80,000.
Earnings in 1881-82, $45,505; in $5,000,000,
dicate of the Southern Pacific. In addition to above bonds, there are
1882-83, $43,097.
$500,000 Texas School bonds. Gross earnings. 1881, $763,361; net,
Stoekton Sc Copperopolis.—Present company is a consolidation, $399,593. 1832, gross, $816,510; net, $425,186; tlie.se earnings are on
made Nov. 17, 1877, of the Stoekton A Copperopolis and the Stockton Si 105 miles only. Gross earnings Jan. 1 to August l in 1834, $466,007,
Visalia. Line of road, Stoekton to Milton and Peters to Oakdale,Cal., 49 against $601,031 in 1883; net, $156,086, against $302,174. C. P. Hunt¬
miles. Leased to Central Pacific Railroad Company for thirty years ington. President, New York.
(V. 38, p. 61; V. 39, p. 3249
from December 30, 1874. By the terms of the lease the lessee agrees to
Texas Sc Pacific.—(See Map Missouri Pacific.)—Roads from Tex¬
pay principal and interest of the bonds. Capital stock, $234,500. The arkana to Fort Worth, 253 miles; Texarkana to Fort Worth via
company previously made default July, 1874, and the $1,000,000 of Sherman, 244
miles; Marshall to Shreveport, 40 miles; total
old bonus were exchanged for the present issue guaranteed.
eastern division 537 miles. Fort Worth to Sierra Blanco, 524 miles;
Summit Branch (Pa.)—This company leases the Lykens Valley Sierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
RR., and it has a small branch of its own to Summit Mines, 3* of a mile. division, 616 m.; total of both. 1,153 miles.
N. O. Pae., Shreveport to
The road is operated by the Northern Central under contract. Traffic is N. O., 336 miles. Total of all, 1,489 miles. The eastern division ends
almost exclusively coal. Gioss receipts in 1882, includ. coal, $1,368,929; at Fort Worth, and Rio Grande division begins there; the N. O. Pacific
net, $193,293 ; iut. and advan., $186,188. Gross in 1883, $1,535,399;
terminates at Shreveport.
net, $256 912; int. and advances, $150,921. (V. 38, p. 196.)
The Texas & Pacific was built under act ot Congress of March 3, 1871,
Sunbury A: Lewistown.—Selinsgrove Junction to Lewistown, and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
Ta., 43 irilcs. Leased to Pennsylvania RR. for net earnings, which in ceeded to the right of the Memphis El Paso Si Pacific Railroad and other
1880 were $95,577; in 1881, $119,240; in 1882, $120,065. Stock,
companies. By a contract made in January, 1880, with the Pacific
$600,000 and dividends of 12 per cent a year have been paid. Last div¬ Railway Improvement Company, the road was extended towards El
idend 3 per cent, October, 1884
Paso on the Rio Grande, to meet the Southern Pacific of California, with
Suspension Bridge Ac Erie Junction.—East Buffalo Junction $25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
to Niagara Falls and Suspension Bridge, 23 miles; Lock. A Buff. RR.
Insurance Trust & S. D. Co. of Philadelphia are Trustees of the Rio
leased, 14 miles; total operated. 37 miles. Road opened January, 1871. Grande Div. mortgage. The stock authorized is $50,000,000. A conit is leased to New York Lake Erie A Western Railroad Co. at 30 per cent

Railroad.
Southwest Pennsylvania.—Greenslmrg, Pa., to Fairchauce, Pa.,
44 miles.
Opened April 1, 1873, and leased to Pennsylvania Railroad,
which operates it at cost, paying net earnings as rental.
In 1881
gross earnings were $710,595 and net earnings, $409,038. Interest on
bonds and 9 per cent on stock were paid out of net earnings of 1882.
Five per cent paid on stock. Sept.. 1883.
Spuyten Duyvel A; Port Morris.—Road is 6 miles in length and
connects the New York Central A Hudson with the New York A Harlem.
Reused to New York Central November 1, 1871. Rental is 8 per cent on
capital stock of $989,000. Operations are included in lessee’s returns.
State Line Sc Sullivan.—Owns from Monrocton, Pa., to Berenice,
Pa., 25 miles
Originally organized as .Sullivan t Erie Coal A Railroad
Co., which was sold in foreclosure Oct. 14, 1874, and a new company

declared by




Central Georgia

r

Haute A: Logansport.—Owns
Rockville, Ind.. 94 miles; leased. Rockville

Terre

to

October,

lgt'4.J
confer a great

Subscribers will

favor by giving

DESCRIPTION.
For

explanation of column
on

tables.

Texas & Pacific—(Continued) Income and landmort., E. Div..

land)

Scrip for int.onino.mort.(rod’mable inst’kor
1st mort., gold, laud grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage
General mort. (for fund, coup’s, Ac.) ($6,500,000)
Texas i£ St. Louis in Mo.dk Ark.— 1st mort., gold.....
2d mortgage, income
Tex. & St. L. in Texas, 1st mortgage,
do
2d M., income bonds. 1st M.
do
general 1st mort.,
do
general 1st M.
grant
Texas Western (N. G.)—1st mortgage

gold

gold
land

$1,000

$3,692,000

1,000
1,000

13,023^000

1,000

4,740,000

....

266

on

laud

& income.

and extended .

190
....

54
54
20
7
61

mort., S Div
1st inort., gold, No. Div
Toledo Canada southern tfi Detroit—Stock
Toledo Cincinnati <£ St. Louis—Stock
V. Mich.—1st

49
55
757

1st mortgage, gold
2a mortgage, income, not
Tol. Del. A B., 1st mort., Tol. to
2d M., inc., non-cum.,
—
do
1st mort., Dayton Division
do
2d M., Dayton Div.,
non-cum
do
1st mort., Tol. terminal
do
1st mort., gola, Southeastern
do
Income bds, Southeast.
non-cum.
do
Cincinnati Div., 1st mort.,
do
do
income, non-cum
do

cumulative

Kok
Tol. to Kok

inc.,
trust “A”
Div
Div.,
gold

do

Outstanding

521
336
All

Tioga RR.—1st mortgage, due 1882
Consolidated mortgage
Extension bonds
Elmira State Line Railroad mortgage

Toledo Ann Arbor &

Date
Size, or
Par
of
Road. Bauds Value.

524

rog

Equipment bonds

immediate notice of any
error discovered in tliese
INTEREST OR DIVIDENDS.

Miles
of

headings, Ac., see notes

first page of

1875
1880-1
1880
1880
1884
1881
1881
1880
1880
1881
1881
1882
1852
1876
1875
1875
1881
1834

270

270
181
181
102
102
....

180
....

22
....

....

1881
1881
1880
1880
1880
1880
1880
1881
1881
1881

1881
1881

Amount

500

1,000
500

1,000
500

•

(?)

4,740,003
2,128,000
2,128.000
1,817,000
1,817,000
12,000 p. m.

125,000
265,000
160,000

....

1,260.000

1,000

800.000

1,000

1,547,662
15,000.000
3,000,000
3,000.000

50
1.000
500 Ac.

1,250,000
1,250,000
1,000,000
1,000,000

1,000
1,000
1,000

1,000
1,000

250,000

2,250,090
2,259,000

1,900
500 Ac.

250,000

1,000
1,000

was

or

President, N. Y.

net,

in succession is to be funded
bonds, and on the oi l 2d mortgage Eastern
Division bonds one-i alt' of four coupons, the balance of coupons not
thus funded being paid in cash as they fall dim.
The report for t he year 1883 was in V. 33, p. 357,and had the following:
earning*
Net earnings
Other receipt**
Total net income

Disbursements—
Interest on debt.
Rentals and taxes

$5,919,732
$1,343,292
346,511

$7,045,652
$1,648,008

$1,689,803
$1,670,950 ’
137,333

$2,040,799

392,791

$1,970,085
244,317

$1,808,283
def. 118,480

disbursements

Texas

like amount or the old stock of the
the general first mortgage
bonds
reserved to retire the old first mortgage
issues $12,500 per mite in 1st mortgage
bonds, $12,500 jncomea and $12,500 stock, and the incomes are a 1st
mortgage on the land grant and a 2d mortgage on the road.
Land grant
was 10.240 acres for each mile of finished road in Texas, but only about
1,000,000 acres .are assured. The road was open :d in 1883.
Tlie company lias been managed entirely by Western and Southern
men.
Mr. J. W. Parainore, of St. Louis, being its President, and the
board of directors as follows: J. W. Parainore, \V. M. Seuter, J. M.
Gilke8on, -4. Louis, Mo.; L. H. Roots, Little Rock, Ark.; T. R. Bonner,
L. B. Fish, Tyler, Tex.; L. C. De Morse. Texarkana, Ark; T. J. L >we,
Gilmer, Tex ; C. M. Seley, Waco, Tex. The road is a close competitor for
traffic with the Gould Southwestern roads. The stocks have not been very
widely distributed, and both stock and bonds are understood to be largely
held by the promoters of the enterprise and their friends.
In January, 18-<4. W. R Woodward was appointed receiver on suits
brought bv the Central Trust Co. of New York as trustee of the mort¬
gages, and rec Ivors’ certificates to a limited extent have been i -sued.
Tliese suits were said to be for the purpose of a friendly foreclosure
to carry our, tli ^ ‘-adjustment” proposed
to the bond holders in
November, 1883, of which the main points are condensed in the state¬
ments which follow. The cash assessment of 7*2 per cent is compulsory
the holders of stock and Income bonds.
The plau for readjust¬
ment provided for the calling in and cancellation of first mortgage
bonds issued on Missouri A Arkansas division at rate of $12,000
per mile and on Texas Division at rite of $8,000 per mile.
It was
proposed to issue new first mortgage bonds at rate of $15,003 per
mile and new 6 per cent second mortgage income bonds at same rate.
They would draw interest only from June 1, 1884, and the first semi-

000

deposited in trust to take up a

Also enough of

Texas & St. Louis m Texas.
and general income
are
and incomes. The company

on




g.

F. A A. N. Y., Mercantile Tr. Co.
do
do
J. A J.
F. A A.
M. A 8 N.Y.,Nat.Bk.of Com’rce
March.
J. A D. N.Y ,Nat.Bk.of Com’rce
J.
M.
F.
M.

Dividend.

Jan. 1,

1915

Feb. 1, 1930
July 1, 1920
Oct.
Oot.
June
June

1, 1911
3, 1911
1. 1910
1, 1920

Aug. 1, 1921
New York.
D.
S. N.Y.,Nat.Bk. of Com’rce Aug. 1, 1931
Fela. 1, 1922
A.
N. N.Y., Bk. ot N. America.

A
A
A
A

A. A 0.
A. A 0.
J. A J. N. Y., Farmers’
M. A N.
•

1896

Nov. 1,
Oct. 1.

1905
Oct. 1, 1835
L.ATr.Co Jail. 1, 1921
May l, 1924

!

6 g.

J.

A

.T.

6
6
6
6
6
6 g.
6
0 g.

J.

A

J.

New

A. A O.

J. A J.
A. A O.
A. A O.
....

York

or

London.

Boston Office.
do
do
do
do
do
do
do
do
do
do

be payable Dec.

do
do
do
do
do
do
do
do
do
do

1921
July 1, 1921
Jau. 1, 1910
Jan. 1, 1910

April
April
July
April
April
April
April

1910
1910
1910
1921
1921
1, 1921
1, 1925
1,
l,
1,
1,
1,

1,1884. An assessment of

7fij

City.

$197,913.

Toledo Ann Arbor

&. North

ITIicUIgaii.—(See Map.)—Owns

Mich., 61 miles; Owosso to St. Louis,
Owosso and South Lyons, 50 miles,
and
ion of 1 JO miles northwest from St.
Michigan, is projected. Stock, $1,900,000.
during the present year an important line of 40
of Michigan, and from the increased traffic
accruing the net earnings of 1^84 are estimated at $140J 00. the in¬
terest eharge being $93,600. The following summary shows the net
results of its operations in 1882 and 1883, the mileage being the same

from Toledo, o., to South Lyons,
Mich., 41 miles. The gan between
is under construction,
an ext> n
Louis to Frankfort, on Lake
The company completed
miles to the lumber region

in each year.
Gross

earnings and

rentals

Net earnings
Interest on bonds

-(V. 37, p. 98,

1882.

18a3.

$178,237

$210,067

$79,073
$75,0 jO

$109 673
$75,090

99,153

Operating expenses

1883.

$2,214,402
def. 173.603
—(V. 38, p. 298,331.357. 447, 510.572,647,680, 764; V. 39,p. 11, 84,
97, 129, 235, 325, 350, 382, 402, 436.)
A; St. Louis In ITIIssourl and Arkansas.—Narrowgauge road from Birds Point, Mo., opposite Cairo, 111., to Texarkana,
tex., 419 miles, and thence by the “Texas A St Louis RR. in Texas” to
Total

Balance for year

g.

Philad’phia

Stocks—Last

Arnot, Pa., to State line New York, 44 miles
Morris’ Run, Pa., 4 miles; leased. Elmira
line New York to Northern Central Rail¬
way Junction. 7 miles; and Arnot & Pine Creek RR.. Arnot to Hoytvilie, Pa., 12 miles; total, 67 miles. Controlled by N. Y. L. E. A W.
The stock is $391,200 common and $189,700 preferred. In 1882-83,
gross earnings, $524,171; net, $257,967; in 1881-82 gross, $562,335;

half of nine coupons

Gross

g.

pal, When Due.

and by

Tioga.—Owns from

general 2d mortgage

1882.

New YorkA

Bonds—Princi¬

branch, Blossburg, Pa., to
State lane Railroad, State

of the company wore insufficient to meet
its interest, owing largely to the disasters by floods on the New Orleans
Pacific Division. The coupons due June 1, 1-81. on the consol bonds
E. D., were bought at par for the Missouri Pacific Railroad, and a com¬
prehensive scheme for funding coupons of the Rio Grande Division
bonds, the New Orleans Pacific Division and the 2d mortgage Eastern
Division, was published in V. 39. p. 97, together with a financial exhibit
of !July 1, 18 84.
On the Rio Grande Division and New Orleans

ACCOUNT.

g.

Where Payable,
Whom.

Tables.

and incomes was made and new stock, first mort¬
gage bonds and incomes given to represent this assessment.
Tables published in the Supplements of December, 1833, and Feb¬
ruary, 1>84, will show the former outstanding securities, the proposed
exchanges thereof for new issues, and the total amount of new issues to
be made.
(V. 36. p. 18, 454, 561, 675, 676, 731; V. 37, p, 24, 49, 152,
535, 595, 920 ; V. 38, p. 80, 220; V. 39, p. 41.)
Texas Western.—Projected from Houston, Tex., to Presidio Del
Norte. Tex., 900 miles, and under construction.
In operation. Houston
to Sealey, 52 miles, connecting with Gulf Col. A8. Fe RR. Stock author¬
ized. $3,000,000.
Laud grant 10,240 acres per mile. Fred. D. Grant,

scrip.

INCOME

g.

annual coupons would
per cent cash on stock

to June 30 was paid in
In June, 1881, the earnings

Into

g.
g.

6
7

250,000
2,05 >.000

....

Payable
July.

7
6
6
6
6
6
6
6
6
6
6
7
7
7
7
6
6

6,720,000

....

When

7

1,833,139

»

share, was voted in May,
received 10,210 acres
Fort Worth earned 4,9t 1,702
acres, on which the income bonds are a lien, as also a 3d mortgage on
the rc#d east of Fort Worth. The total sales in 18^3 were 205,693 acres
at an Average prioe of $ l 68 per acre; total sales, including lots, amounted
to $646,006; lands yet unsold Dec. 31, ls83,4.523,319 ceres
The rail¬
road hinds in Texas, however, do not lie adjacent to the line of the roads
owning them, and these are located in part in counties along the Rio
Grande division. The R. G. Div. bonds were a mortgage on the lands
earned by building that division, which would have amounted to about
5,375,000 acres if located, but the passage of a law in Texas changing
the terms of its railroad land grants put a stop to the location of lands
by this company and many others.
On income bonds the company may pay interest in scrip at its option,
but if the option is not declared the interest must be paid in cash. Scrip
issued to holders of income bonds up to July, 1881, but not in July,
1882
1883. In Oct., 1883, after action taken by bondholders to collect
interest, the company gave notice that 14 per cent scrip would be issued
for the two years to July, 1883. Tiie interest scrip is redeemable only in
stock or in payment for land and interest at 7 per cent is allowed on
it only when turned in in payment for land. In July, 1884, interest up

Pacific bonds one

Rate per
Cent.

239^500

•

eolidation with New Orleans Pacific, share for
1881.
From the State of Texas the company
of land per mile, and by building east of

as

79

AND BONDS.

RAILROAD STOCKS

152, 392; V. 38, p.

100,393

737 ; V. 39, p. 98.)

Detroit.—Toledo. Ohio, to Detroit
opened September 1, 1873. Oper¬
bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
Toledo Cincinnati A St. Louis.—This is the consolidated line
(narrow gauge) of the Toledo Delphos «fc Burlington anil Toledo Ciu. & St.
Louis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Delphos
to Dayton and Shauesville hr.. 102 miles; Southeastern Division, 185
miles; Cincinnati Division, 17 miles; Iron RR.,‘24 miles; total, 757miles
June, 1883. The interest coupons due in 1883 and 1884 on the firstmortgage bonds, in April, 1883, were partly funded into 6 per cent scrip
due Oct., 1891.
It was proposed to exchange all income bonds for
preferred stock, in shares of $50 each,and a considerable amount was
exchanged. Iu July, 1883, Mr. E. E. Dwight was appointed receiver,
the company being embarrassed, and afterwards Mr. Dwight aud Mr.
Craig were appointed as joint receivers of different parts of the property.
The proposed plan of reorganization (Quigley plan), in the Chron¬
icle, V. 38, p. 483, embraces the following points:
The organi¬
zation of a new company and the conversion of the narrow into a
standard gauge track. A first mortgage will be made for $0,750,00o
($15,000 per mile), the bonds to run 40 years and bear 6 per cent
interest. The second mortgage will be for $7,t 00,000, to run fifty years,
and bear interest at 4 per cent from January 1. 1888. to January 1,
18 >3 and 6 per cent thereafter. The exchange for old stuck and bonds
to be made as there stated.
The other plan lor Toledo Cincinnati & St Louis bonds (Corbin plan)
in V. 38, p. 596, and embraces the general idea of issuing new
mortgage bonds at $8,003 per mile on the St. Louis Division and giving
Toledo Canada Southern A
(G.T. Junction), Mich., 55 miles. Road
ated by Canada Southern.
The

so

was

bondholders preferred stock in place of their
At Cincinnati, June 26,
by order of the United States Circuit
Court, four divisions of the Toledo Cincinnati A St. Louis narrowgauge system were sold to satisfy judgments. The Cincinnati Division
118 miles) was sold for $20,0)0 to George N. Smalley of Watertown,
.Mass., on behalf of a committee of first mortgage bondholders of that
division. The next was the Dayton Division (96 miles), which sold for
$125,030 to a cumiui tee on behalf or the bondholders. The Dayton &
Southeastern Division (180 miles)" was sold for $530,000 to a committee

the

present first

mortgage

bonds.

mortgage

of bon lliolders. The last
18 miles) for $500,000 to
tions that may have

sold was the Iron

Railroad aud its branches

committee of bondholders. Later transac¬
occurred will lie found indexed below, ami the plan
f »r re-organization of the Southeastern [division is in V. 39. »> 402.
Till re-organizations are perfected, the bonds are left as above. (V. 37, p.
49, 109, 128, 152,176, 3s4. 376. 392, 424,448, 564. 595, 668,687; V.
3*L p. 194, 178, 196, 250, 350, 379,412, 456, 480. 510, 541, 562,
-.90. 608, 620,6 47
V. 39, p. 22, 49,72,98,158,183,210,296,402,
436.)

a

80




KAILKOAD

STOCKS

AND

BONDS.

[VOL. xxxix

•

RAILROAD

October, 1884. j
Subscribers will confer

a

180-23

Ac.,

Miles
of
see notes
Road.

Date
of

Bonds

Toledo Cincinnati<6 St. Louis—(Continued)—
Tol. Del. A Burl., Iron RR., 1st mortgage
do
do
incomes
Tonawanda Talley £ Ciiba— 1st mort. ($500,000)..

Tray £ Boston— 1st mortgage, consolidated
New mortgage bonds (for $1,000,000)
Tyrone £ Clearfield—Stock
1st mortgage
Ulster £ Delaware—1st mortgage
2d mortgage income bonds
United N. J. lilt. £ Canal Companies—Stock

1382.

74

Size,

$....

1878

1,000

1876
1875

429

....

100 Ac.
100

100

60,868,500
27,229,000

£200
1,000
1,000
1,000
1.000

the Rondout A Oswego in 1876 ;
reorganized May 28,1872, as New York Kingston A Syracuse, and again,
after foreclosure, May 1, 1875, as Ulster A Delaware. The stock is
$1,152,100. In 1880-81 the gross earnings were $237,166; net earn¬
ings $25,619
In 1881-82, gross, $269,751; net, $$36,346, Thomas
Cornell is President, Rondout, N. Y.
was

United New Jersey Kallroad Sc Canal Co.—Links of Road.—
New York to Philadelphia and branches, 127 miles; Camden to Ambo.v
and branches, 226 miles; Trenton to Manunka Chunk and branches,
81 miles; total operated, 434 miles.
Delaware A Raritan Canal, 66
miles.
This company was formed by a consolidation in 1867 of the Delaware A
Raritan Canal Company, the Camden A Amboy Railroad, and the New

Jersey Railroad A Transportation Company. The United New Jersey
Railroad A Canal Companies were leased in May, 1871, to the Penn¬

sylvania Railroad for 999 years, at a rental of 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
The Belvidere Delaware

was

leased to the

Pennsylvania Railroad March 7, 1876, and since January 1, 1877, has
been operated asYbe Belvidere Division of United New Jersey Railroad

system.
The net earnings are paid over to the lessors in full as rental.
The lease has not been profitable in cash receipts to the Pennsylvania
Railroad, and the net loss in 1879 was $939,889 ; in 1880, $1,035,308;
in 1881, $302,864; in 1882, $568,759; in 1883, $635,914; but the con¬
nection with New York was indispensable. Operations and earnings for

live years past (including the canal) were as follows:
Years. Miles.
Mileage.
Mileage.
Earnings.
1380
171,055,377 381,885,409 11,514,681
.

1881

197,366,974
429 227,938,390
435 238,561,431
-IV. 36, p. 170.)
Union

Pacific

480,995,398
521,869,010
542,827,918

13,022,864
14,231,458
14,956,596

Earnings, p. ct.
3,329.473
4,211.5<?0
4,062,363
4,151,682

10
10
10
10

Railway.—(See Map.)— Lines of Road.—Main

line—Council Bl.iffs to Ogden, 1,037 miles;
branches—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 639 ; Denver
to Cheyenne, 106; Leavenworth to Lawrence, 34; total owned, 1,821
miles; controlled and operated in the U. P. system Jan., 1884 - Omaha A
Repub. Valley RR., 197 miles; Omaha N. A Black Hills RR., 84; Color¬
ado Central RR., 329; Echo A Park City RR., 32; Utah A Northern RR.,
462; Lawrence A Emporia RR., 31; Junction City A Ft. Kearney, 70;
Solomon RR., 57; Salina A Southw’n, 36; Kan. Cen., 170; Den. A Boulder
Valley., 28; Golden Boulder A Car., 6; Oregon Short Line and branch,
497; Greeley Salt Lake A Pacific, 54; Denver South Park A Pacific. 324;
Salt Lake A Western, 57; total thus controlled, 2,437 miles; total operated
in the U. P. system Jan. 1, 1884, 4,258 miles.
The Central Branch Union Pacific and leased lines (388 miles) are
operated by the Missouri Pacific under an agreement with Union Pacific,

and not included in the mileage operated by Union Pacific. The U. P.
also has largo interests in the St. Jos. A West. RR., 251 miles; the Utah
Central, 280 m.; Leavenworth Topeka A S. W., 47 m.; Manhattan
Alma A Burlingame, 28 m ; Manhattan A Blue Valley, 4m.; Marysville
A Blue Val. RR., 38m.; Georgetown Breckenridge A Leadville, 2m.;
and Nevada Central, 93 m.; total, 543 miles, all of which are operated

separately.

Organization, Ac.—This company, the Union Pacific Railway, was
formed by a consolidation, January 24,1880. of the Union Pacific Rail¬
road and the Kansas Pacific and Denver Pacific, made under
of the acts of

Congress of July 1, 1862 and July 2, 1864.

of

12,800

acres

per

mile, estimated at a total of 12.083,227 acres, and
on 1,033 miles of road.

subsidy in H. S.bonds of $27,236,512




a

Stocks—Last
Dividend.

Payable, and by
Whom.

1901
1911

Sept. I, 1932
1924
1903

A
A
A
A
A
A
A
A
A
A

tf)
*

Rondout,

1*906 *

Office.

Co.’s

do
do
Phila. and N. Y. Offices.

A.
S.
O.
S.
S.

Phila., Pennsylv’a RR.

A.

Phila., Penn. RR. Offloe.

July 1, 1905
Oct. 10, 1884

Philadelphia Office,
do

Feb.
Mch.
Oct.
Mch.
Moh.
Feb.

do

London.
do

S.
do
D.
Princeton, N. J.
N.
Philadelphia Office.
O. N. Y., B’k of Commerce.
Q.-J. New York and Boston.
do
J. A J.
do
J. A J. U.S. Treas., at maturity.
M. A S. New York and Boston.
A. A O.
do
do
A. A O. London A New York.
J. A J. N. Y., Union Trust Co.
J. A D. Boston, N. Engl’dTr.Co.
M. A N. N. Y., 195 Broadway,
F. A A.
do
•
do

1. 1923
1, 1901

1, 1894
1, 1894
1, 1894
1, 1888

Sept. 1, 1908
Jan.

1, 1889

Nov. 1, 1889
Overdue.

April 1, 1884
1896 to 1899
1896 to 1899

Sept. 1, 1893
1887-’89

April, 1896
July 1, 1908
Dec.

1,

1907

May 1, 1919
Aug. 1, 1895

The Kansas Pacific

was organized as “ Leavenworth Pawnee A West
1861; then changed to “ Union Pacific, Eastern Division,” June
6, 1863, and to “ Kansas Pacific” on March 3, 1869. The Pacific Rail¬
road acts of 1862 and 1864 applied to this road, and
gave it a subsidy
of $6,303,000 and a laud grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kan as Pacific), and
opened
January 1, 1871. The stock of $4,000,000 went into this consolidation
January 1880, and the bonds are retired with the consolidated mort¬
gage of the Kansas Pacific.

em’’ in

As to the debt of the Pacific railroads to the United States Govern¬
ment a decision of the U. S. Supreme Court settled the point that the

payment of interest

on

the loans

was

not obligatory on the companies

till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7, 1878, which, for the Union Pacific, provided
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds, should be paid annually to the Government as fol¬
lows: First—Applied directly to interest account, one-half of Govern¬

earnings and 5 per cent of net earnings, after deducting interest
first mortgage bonds. 8econd—To be placed in the sinking fund—
the other half of the Government earnings and so much of $850,000 as
ment

on

may be necessary to make all the payments by the company equal 25
per cent of its net earnings.
Stock and Bonds.—The capital stock issued and outstanding is

$60,868,500, having been increased about $10,000,000 since the consoli¬

dation in 1880. Dividends since 1879 have been as follows : in 1380. 6
per cent; in 1881, 6%; in 1882, 7; in 1883, 7; m 1884, April dividend, 1L2.
The yearly range in prices of the stock has been—Fn 1880, 80^113%
in 1881, 105k»®l31%; in 1882, 98*4® 119%; in 1833, 70^1043*; in
1884 to Oct. 17, 28^84^.

By act of Congress of July 2,1864, the Government loan

was

made

a

second lien and the company’s first mortgage bonds to the sa ne amount
were made a first lien on the roads.
The Union Pacific land bonds are
rclired rapidly with proceeds of land sales.
Of the Union Pacific collateral trust bonds, the first issue woe limited to
80 per oent of the following bonds: Omaha A Republican Valley RR.,

$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000. The collateral trust
bonds of 1883 are secured by the following bonds: Colorado CentralRR.
$2,446,000; Utah A Northern RR. $2,353,000; Omaha A Rep. Valley
RR. $419,000; Utah Southern RR. extension $975,000; Denver Sduth
Park A Pacific RR. $1,544,000;
Kansas Central RR. $1,162,000 ;
total $8,899,000.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mort. The con¬
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
trust on Jan. 1, 1884, the following bonds or the Kansas Pacific, making
$6,095,250 in all, viz.: Leavenworth Branch, $565,000; income (unsub¬
ordinated) bonds. $215,350; income (subordinated) bonds, $3,295,900;
Cheyenne Branoli Den. Pac. bonds, $2,019,000. They also held $1,875,800 of the stocks and $3,158,000 after the bonds of other companies
controlled by the Union Pacific.
Land Grant.—The lands on the Union Pacific main line are applicable
to the principal ot the land grant bonds, and after those to the sinking
fund mortgage 8 percent bonds,and afterthose tothesinkiugfund mort
8 per cent bonds, and these b nds are to be retired with the proceeds of
lands. On the Kansas Pacific the cash income from land is applied to
the interest on the. general mortgage bonds, and after that towards prin¬
cipal. To Dec. 31,1883. the company had already secured, either in cash
or contracts, the sum of $2,591,084 in excess of what was needed to dis¬
charge at maturity the balance of the original land grant bonds.
1882.

Net proceeds, U. Pac. grant
Net proceeds Kan. Pac. grant
Other lands, lots, income, Ac
Total net proceeds for the year
Deduct interest paid on consol, bonds

1883.

$910,683
321,890
114,195

$2,520j367

$1,346,770
258,275

$3,657,168

948,414
182,387
616,700

Leaves net proceeds
$1,088,495
$3,040,468
U. P. lands remaining unsold, acres
9,129,000
8,280,000
K. P. lands remaining unsold, acres
5,336,000
5,142,000
U. P. land contracts and cash
$4,617,401
$7,180,084
The Kansas Pacific lauds, from the 380tli mile westward, are covered
first by the Denver Division mortgage, and all the lands of the Kan. Pac.

by

the*

consol, mortgage.

During 1884 sales have been very large, owing to the sale by the
Union Pacific land department of large tracts of grazing lands at a low
price per acre, so that on Oct. 1, 1884, the amouut or laud contracts
applicable to the 3d mortgage sinking fund bonds was about $3,800,000.
The land department reported the following for 1882 and 1883 :
Land sales from Jan. 1 to Oct. 1 in 1834 and 1833 were as follows:
Main Line—
1884.
1883.
*
Acres sold
3,969,995
524,633

authority Receipts

New stock

issued for the old stock of the three companies, but their bonds
remained unchanged. The Union Pacific Railroad was chartered by
Act of Congress of July 1, 1862, which gave the company a land grant
was

Q-J.
F.
M.
A.
M.
M.
F.
M.
J.
M.
A.

27,236,512
13,861,000
4,589,000
1,805,000
4,662,000
3,719,000
15,775,005
2,240,000

1*00*0

Ulster Sc Delaware.—Owns from Rondout (Hudson River), N. Y.,

Ronds—Princi¬

pal,When Due.

Pliila., 233 South 4th.

100,000
1,000
1,000

When j Where

Payable!

J. & J.
J. & J.
F. & A.

1,824,000
5,669,000
2,000,000
1,846,000
1,800,000
154,000
841,000
866,000
5,000,000

1,000

Tyrone Sc Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
miles; branches, 20 miles; total, 64 miles. This company was organized
April 1.1867, after sale in foreclosure. Road completed in 1872. It
was leased to the Pennsylvania Railroad in 1878 and new lease made
in 1382.
J. N. Du Barry, President, Philadelphia, Pa.

with their several contracts.

81

J. & J.
N. Y., Boston Office,
Jan. 1.
do
do
M. & S.
New York Office.
J. A J. N. Y., Nat. B’k of Com.
A. A O.
do
do

1,342,600
21,240,400

1,000

Troy Sc Boston.—Owns from Troy, N. Y., to Vermont State line, 35
miles; leased: Southern Vermont 5 miles; Troy A Bennington, 5 miles
Vermont State line to North Adams, 6 miles; total operated, 53 miles
The 1st consol, bonds are used to redeem 1st and 2d morts., and 2d
consols, to redeem floating debt. $230,000 of other issues of bonds out
standing Sept.. 1883
Stock, $1,623,110. In 1882-3 def. over all
charges was $14,915. Operations and earnings for three years past were
Passenger
Freight (ton)
Net
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings
53
6,246,817
$24,778,236 $198,719 $5 82,206
53
7,315,713
21,979,268
523,547
213,766
53
7,313,014
25,965,501
569,820
205,323
—(V. 36, p. 170; V. 39, p. 202.)

This

Rate per
Cent. |

$500,000
500,000
325,000
1,380,000
925,000
1.000,000
1,000,000
159,000

1,000
1,000

Valley Sc Cuba.—Owns from Attica, N. Y. to Cuba

Stamford, N. Y., 74 miles.

Outstanding

1,000

Stock $08 7,100. Securities listed at New York Stock
$113,000 of 1st mort. bonds are reserved
Exchange December, 1832.
to redeem prior issues. Earnings in 1832-83, $29,987. Ii. G. Taylor
Buffalo, N. Y., President.

to

Amount

1,000

—

Tonawanda

BONDS.

INTEREST OR DIVIDENDS.

or

Par
Value.

1881
1881
1881
1874

Gold bonds
1883
General mortg.,gold and currency, coup
1873
United Co.’s mortgage, sinking fund, registered.,
1871
do
1871
sterling loan mortgage, sinking fund
do
do
do
do
do
1871
do
dollar loan, mortgage
1871
do
1878
gold loan, reg
1854
Joint Co.’s plain bonds
do
consol, mort. (sink’gfund after 1880)
1862
N. J. ER. A T. Co.; 8d loan due State of N. J
1868
Union Pacific—Stock
1,820
1st mortgage, gold, on road and equipment
1,038 1866-9
2d6
96
8
1
1,038
(Government
subsidy)
mortgage currency
3d
do
on road (2d on land), sinking fund.. 1,038
1874
Land
97
681
grant bonds
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
1871
Collateral Trust bonds
1879
Collateral trust nornls of 1883, gold
1883
Kans. Pac., cons. M..,g.(for $30,000,000),cp.or rg.
1879
do 3 1st M.. g, cp., on 140m. west Ko. Riv.
140
1865

N. Y., 60 miles.

AND

great favor by giving immediate notice of any error discovered in tbese Tables.

DESCRIPTION.

For explanation of column headings,
on first page of tables.

STOCKS

Kansas PacificAcres sold

Receipts
Increase acres sold both lines nine months
Increase in receipts

$6,221,570

$1,773,756

268,432

217,881
$1,000,515
3,495,964

$1,238,538

$4,735,886

1




RAILOD
STOCKS
AND

BONDS.
[Vol.

x ix

selbaT
RAILROAD

October, 1884. j

Subscribers will confer

a

explanation of column headings, Ac.,
on first page of tables.

Miles Date
Size, or
of
of
Par
Road. Bonds. Value.

see notes

Union Pacific—( Continued)—
Kansas Pae., 1st mort., gold, 140tli to 393d mile.
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles
Utah Central—Stock
1st mortgage, gold
Utah Southern. 1st mortgage, coupon
do
general mortgage (for $1,950,000)
Utah South. Extern., 1st M., Juab to Frisco
Utah £ Nevada—Stock
Utah £ Northern.—1st mortgage
Utica £ Black A’i re?*—Stock

253
394
245
34
427
280

36^
75
105
138
37
462
180
87
36

Mortgage bonds
Black River & Morristown, 1st mortgage
Clayton A Theresa, 1st mortgage, guaranteed
Utica Chenango £ Susquehanna Valle)/—Stock
Utica Clinton £ Binghamton—1st mortgage
Utica Ithaca £ Elmira—1st mortgage, gold
Valley (N. Y.)~ Stock

98
31

Consol,

mortgage
Valley (Va.)—1st mortgage

26
59

RR.)...
24

INTEREST OR DIVIDENDS.

Amount

Outstanding

$1,000

$4,063,000

1,000
1,000

6,303,000
6,307,000
35,000
761,100

50 Ac.
100

1870
1871
1879
1879

180-23.

1,000
1,000
1,000
1,000

1878
1871
1874

1,000
100

’66-’72
1880

1*2

1,000,000
1,000,000

6 g.
7

1,456,000
1,950,000

r*

18«1
1879
1881
1881

2,047,000

7
2

1,112.000

7

500,000

7
7

1872
1883
1880

200,000
4,000,000
790,000
600,000
750,000

1,000

1,600,000
600,000
206,000

100

3,050,000

7
6
6
3

1,000

1883.

Government

208,860

Freight—Cash

15,075,515
484,013
1,503,599
$2,064,119

$2,223,987

$
4,545,348
113,768
12,596,584
342,957
1,328,751
$2,075,134

Total gross earnings
Total op. exp. (incl’d’g taxes).

$24,258,817
12,480,343

$22,823,884
10,727,049

$21,002,542
10,354,541

Net earnings

$11,778,474

$12,096,835

$10,648,001

51*45

47*00

49*30

Company
Mail, express, Ac

Per ct. of op. exp. to

earnings

5,054,344
143,386
13,543,841
361,648
1,496,678

INCOME ACCOUNT.
.

Receipts

-

Net earnings
Interest and dividends
Total income
Disbursements—
Interest on debt

Discount, int’st, premiums, Ac.
Dividends
Rate per cent, of dividend

Sinking funds
on

year’s business..

Total disbursements

Balance, surplus

1881.

1882.

1883.

$

$

$
11,778,474
1,332,678

12,096.835
2,211,099

10,648,001
2,066,682

13,111,152

14,307,934

$
4,819,128
117,196
4,076,134

$
4,976,204
191,645
4,260,788

12,714,683
$
4,667,711
177,863

7

4,260,788

7

7

307,000

442,000

476,489

1,653,359

2,097,190

1,869,958

10,972,817
2,138,335

11,967,827
2,340,107

11,452,809
1,261,874

GENERAL BALANCE AT CLOSE OP EACH FISCAL TEAR.

Assets—

Road, equip’t. Ac

Stocks owned, cost
Bonds owned, cost
Advances
Materials, fuel, Ac
U. P. bonds and stock

Denver Extension sink’g fund
Coal lands and mines

Bonds and stocks held in
Land department assets

trust

Total
Liabilities—

8toek
Funded debt (see Supplem’nt)
United States subsidy bonds..
Accrued int. on subsidy bonds
Bills payable, and all other
dues and accounts

Interest accrued not due
Balance of income account...
Total liabilities

1881.

1882.

1883.

$

$
156,949.005
13.582,700
18,537,976
2,552,213

$
157,391,640
*14,236,762

156,878,669
12,755,754
16,375,055
2,563,360
3,164,477
164,046

199,545
106,178

■

:

185,572

2,195,950

231,122
3,208,950

6,074,212

6,306,759

200,477,246

201,554,297

$
60,868,500
82.118,133

33,539,512
12,590,388

*19,500,645
4,811,124
t
t

289,000
431,570
13,210,950
9,214,106

33,539,512
13,136,489

209,085,797
$
60,868,500
84,506,332
33,539,512
13,868,041

$

60,868,500
81,845,507

780,766
6,544,868

842,743
789,635

1308,509
795,915

10,531,911

15,198.988

200,477,246

201,554,297

209,085,797

4,035,078

*

The items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bonds of railroad companies
•mount at their par value to $61,347,722.
tThe balance sheet in 1882 and 1883 is changed in form as to the items
m “ unfunded debt,”
only the net excess of floating liabilities over
floating assets being carried out.
*~(V. 37, p. 49, 65, 68, 189, 194, 236, 268, 343, 447. 448, 510, 564,

659,667,687; V. 38, p. 29. 31, 62,87. 116, 149,214, 230,273, 291,
296,313,332,359 447, 456, 467, 468, 479,480, 510,541,582, 596,




Payable

J.

Where

Payable, and by
Whom.

& D. New York,195 Br’dway.

t'ayablej1^ by transportation.
M. & N. N. Y., Loud. A Frankf’t.
M. Ar N. New York, 195 B’way.
M. A 8. IN. Y., Bk. of Commerce
N. Y., 195 Broadway.
Q-J.
J. A J.
do
do
J. A J.
do
do

J, A J.
J.

A J.

do
do

do
do

pal,^When Due.
Stocks—Last
Dividend.

June 1, 1896
1895 to ’97

May 1, 1899
Jan

1, 1896

July 1, 1916
Jan., 1884,
Jan.

July

1, 1890
1, 1891

July 1, 1909
July 1, 1909

4

5
5

J.
M.
J.
J.
J.
M.

A J.
A S.
A J.
A J.
A J.
A N.
A J.
A J.j

J.

J.
.

•

•

•

I
D.|

....

J. A
M. A
A. A
A. A
J. A
M. A
A. A

S. i

O.!
0.!

New York.195 Br’dway.
Utica.

N.Y., Nat.Bk.of Com’ce.
do
do
Utica A N.Y.Bk.of Com.
N. Y., D. L. A W. RR.
N. Y., Cont. Nat. Bank.
N. Y., D. L. AW.
do
do
New York.
Balt, and New York.
Boston, Office.

July l, 1908
(?) 1884

July, 1891
1, 1894
July 1, 1898

Jan.

Nov. 1,
1884
1886 A 1890
Jan. 1, 1911

during 1883
Aug. 1, 1911
1906
1921
Oct. 1, 1921
Oct. 7, 1884

J.| Boston, Fitchburg RR. July 1. 1885
N.l
do
do
May 1, 1903
O.1 Bost., SafeDep. ATr.Co Oct. 1, 1910

Utali Central—(See map Un. Pacific)—From Ogden, Utah, to Frisco,
280 miles. A consolidation July 1, 1881, of the Utah Central. Utah
Southern and Utah Southern Extension. Stock is $4,225,000 and 6 per

cent

paid in 1883. In 1882 gross receipts $1,531,486; net, $897,949. In
1883, gross. $1,174,737; net. $756,212. For nine months from January
1. 1884. gross earnings were $47 4,366. against $857,872 in 1883; net
$331,801, against$440,452. Sidney Dillon, President. (V. 36, p. 358;
V. 38. p. 412; V. 39, p. 350.)

Utab Sc Nevada,—Owns from Salt Lake City, U. T., to Terminus
U. T., 37 miles. The Utah Western made default January 1, 1878, and
the road was held by trustees for the bondholders, and was foreclosed
Nov. 3, 1880, and this company organized. Sidney Dillon, President,
New York City.
Utab Sc Northern—(See map Union Pacific)—From Ogden, Utah,
to Deer Lodge, Montana, and the line of Northern Pacific, with a branch
to Butte City; total, 462 miles. This road forms a connection between
the Northern Pacific at Garrisons, Montana, and the Union Pacific at

The road was built and is mainly owned by
For the year 1883. gross earnings, $1,969,207;
net, $778,681; in 1882, gross, $2,210,688; net, $905,308.

Ogden.

4,922,711

When

•

Bonds—Princi¬

639, 680, 690.707.739, 764; V. 39. p 23,73, 85,98, 129,183,197,
235, 297, 310. 325, 350, 382, 393, 402, 436.)

Stock $5,543,000.

the Union

FISCAL RESULTS.

rr

150,000
1,000,000
800,000

1,000

years:

1882.

3

G ifc 7
5
8
5

tion, Ac., was in V. 38, p. 739; and also extract from same report in V.
39, p. 23, showing earnings and charges of each of the branch and
auxiliary lines, never previously published.
The report ot Mr. Adams for the year ending June 30,1884, with state¬
ment of all income and charges, and a balance sheet to June 30, was in
V. 39, pp. 325, 382.
For eight months from January 1, 1.884, gross earnings on all lines
operated were $15,871,292, against $17,938,100 in 1883; net $6,498,863
against $8,714,455 in 1883.
The annual report ror 1883 was published in Y. 38, p. 291. The
earnings below cover only the 1,821 miles of main road in the three

Government

83

....

400,000

the traffic of this road, nor the benefit to be derived from the Oregon
Short Lino, which was a heavy charge for sometime, as it was not opened
through to a connection with Oregon till November, 1884.
The report of Government exports, showing earnings, financial condi¬

$

4

7

5,543,000

100
500 Ac.

on

1881.
$

6 g.
6
6 g.
7
7

4,225,000

500 Ac.

Operations, Finances, Ac.—Tlic Union Pacific has made large earn¬
ings and until 1883 and 1884 operated its road at a low percentage of
expenses.
The company has extended rapidly and huilt and acquired
muoh new mileage, of which the Utah Northern and Oregon Short Line
are two of the most important .branches.
It is not yet possible to esti¬
mate the final effect of the competition ot the several new Pacific lines

Earnings—
Passenger—Cash

Rate per
Cent.

555,860

12

mortgage
Valley (Ohio)—1st mortgage
Vermont £ Massachusetts—Stock
Convertible bonds
Bonds of 1883 (guaranteed by Fitchburg
Vermont Valley of ’71—1st mortgage

1866
1865-7
1869
1866
1866

16

1st

Due U. S.

AND BONDS

great favor by giving immediate notice of any error discovered In these

DESCRIPTION.

For

STOCKS

Pacific.

Utica Sc Black River,—Owns from Utica, N. Y., to Philadel¬
phia, N. Y., 87 miles; leased lines to Morristown, N. Y., to Ogdensburg, to Sackett’s Harbor and to Clayton, 93 miles in all; total oper¬
ated, 180 miles. The company has paid its rentals and moderate dlvl
(lends for a number of years.
The income account for the year ending
September 30, 1883, showed a balance of $11,742 over all payments,
including 7 per cent dividends. The surplus of the company is chiefly

represented by advances to leased lines. The Ogdensburg extension is

doing well, and promises to be a good investment.
earnings for three years past were as follows:
Years

Miles
180
180
180

..

..

Passenger
Mileage.

Freight (ton,

7,377,199
8.599,023

12,918,373
15,224,870

'

.

Mileage.

Operations and

Gross
Net
Div.
Earnings. Earnings, p. ot,
$693,170
$246,780
4
766,463
323,011
5
827,407
285,410 7

-(V. 37, p. 718.)
Utica Chenango
N. Y., to Green, N.

Sc Susquehanna Valley.—Owns from Utloa
Y., 76 miles; branch to Richfield Springs, 22
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
—(V. 38, p. 705.)
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
Randallvitle, N. Y., 31 miles, and leases Rome & Clinton Railroad, 13
miles.
Total, 44 miles. Opened Juno 22, 1872, and leased to New
York A Oswego Midland Railroad.
The lease was transferred to
the Delaware A Hudson Canal Co., which pays the rental of $70,500 per
annum for U. Cl A B. and $25,500 for Rome
Clinton. The road waa
operated by the Del. Lack. & West, till April 1,1883.
Gross earnings
in 1882-83, $199,600; net, $94,030.
Capital stock, $636,285. Isaac
Maynard, President, Utica, N. Y. (V. 36, p. 366i
Utica Ithaca Sc Elmira.—Owns from Elmira, N. Y., to Cortland,
N. Y., 71 miles; leased, Elmira to Horseheads, 5 miles; total operated,
76 miles. This company was organized May 11, 1878, as successor
of the U. I. & E. RR Co., which was foreclosed April 30. 1878.
Stock is $2,000,000. Gross earnings 1882-83, $147,820; def., $11,475;
gross, 1881-82, $160,200; net, $5,328. Austin Corbin, President, New
York City.
Valley (N. V.) Railroad.—Owns from Binghamton, N. Y., to State
line of Pennsylvania. 12 miles.
Opened October, 1871.
Leased to
Delaware Lackawanna A Western at 8 per cent per annum on stock,
which was reduced in 1882 to 5 per cent, the lessee assuming the interest
Rental in 1881-82, $63,958. Samuel Sloan, President! New
on bonds.
York City. (V. 38, p. 705.)
Valley (Ohio).—Owns from Cleveland, O., to Wheeling Junction, O.,
76 miles, and 9^ miles of small branches. The temporary debt and oar
trust amount to $663,541. Earnings in 1881, $275,673; net, $116,799.
In 1882, gross, $367,737; net, $176,494.
Stock, $1,042,302.
Valley (Va.)— Owns from Harrisonburg to Lexington, Va., 62 miles.
In 1883 it was extended from Staunton to Lexington, 36 miles. By
this and connecting lines under B. & O. control, the distance from Ley
ington is 243 miles to Baltimore and 217 miles to Washington. Opel
ated by Baltimore & Ohio, which has a large interest in its seouridea.
Earnings, 1881-82, $56,772; net, $13,412. (V. 35, p. 603; V. 37, p. 502.)
Vermont Sc Massachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 56 miles; branch, 3 miles. The road is leased to the Fitch¬
burg RR. for 999 years at 6 per cent. (V. 36, p. 212, 652.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brattleboro. Vt., 24 miles, and by purchase of stock the Sullivan County

RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles. Con¬
trolled by Connecticut River RR. The Sullivan County RR. stock is
deposited as collateral security for the above mort. bonds. In 1883-4
gross earnings $166,925; net, $64,651.
Dividends are paid on the
stock of $1,000,000 ; in January, 1884, 3 per cent paid, and in July
3

paid.

confer a great favor

Subscribers will

DESCRIPTION.
For

explanation of column
on

first page

headings, Ac., see notes
of tables.

Vicksburg <£ Meridian—1st mortgage
2d mortgage
3d mortgage, income (not cumulative)

Virginia Midland-Stock
Bonds, 1st series

by giving

Road, i Bonds

Value.

1881
140
140 ! 1881
140 ! 1881
354 1
1881
1881

$....

54

1st pref.,

convertible

Indianapolis Peru A Cliic., 1st mortgage
Hav. Rantoul & East. 1st mortgage

gold, Iowa Division

Wabash, 1st mort. (Toledo & Illinois)
1st mort. (Lake Erie, Wab. A
do
do
do

1st mort.
1st mort.

St. L.)

(Great Western of 1859)
(Quincy A Toledo)

—

ioo

....

1,000
1,000

1884
1880
1883

1,000

1880
1879
1880
1881
1881
1881

1,000
100 Ac.
1,000

1881
1853
1853
1863
1865

1,000

1,000

$3,957,100. Gross earn-

•

M.
M.
M.
M.
M.
M.

•

-

A
A
A
A
A
A

S. Balto.,
S.
S.
S.
8
S.

Stocks Last
Dividend.

-

-V

do
do
do
do
do

A J. N.Y.Cent.Tr.or Alex’d’a
Q.-F. San Fran., Bank of Cai.
a cs

....

3

pi

...

-

6 g.
6
6
r-r

4

5
5 g.

6 g.
6 g.
7
7
6 g.
.

J. A
M. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
M. A
F. A
F. A
F. A
M. A

Wabasil St. Louis Sc

D
D.
J.
J.

D.
I).
.1.

Nov. 15,

i881

June 1,

1920

Dec., 1910
July 1, 1909
July 1. 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
June 1, 1921

%®

J.
J.

1. 1927
Aug. 1, 1889

Jan.

May 1, 1913

©'d

N.

fcjd

8

flC

—

Mar.

S.
A.
A.
A.
N.

1897
1, 1921

Aug. 1, 1890
Aug. 1, 1890

; c.-£

Aug., 1888
1, 1890

H o'g

Nov.

q o

Pacific.—(See

IS06
1911
1916
1, 1921
1, 1926
1, 1931

Mar. 1,
Mar. 1,
Mar. 1,
Mar.
Mar.
Mar.

J.

-

7
7
7
7

Ploek A Co. April 1, 1921
May 1, 1921
do
June 1, 1921
do

Mecli.Nat. Bank.

Q.-F.

2,000,000
275,000
300,000
2.269,000
900,000
2,500.000
2,496,000
500,000

1,000
1,000
1.000
1,000

do

5 A 6
3-4-5
5
4 A 5
6
10

1,853,000

1,000
1,000

d.—Vicksburg to Meridian,
k’le Alabama N. O. Tex. A
o! that company between
Cincinnati and New Orleans,which was opened for business in Nov., 1883.
The company was unable to earn full interest, and reorganization was
made in 1881 with bonds as follows: $1,100,000 of first mortgage 6
per cent, forty years, gold bonds; $1,100,000 of second mortgage bonds,
with interest at 3 percent for two years, 4 per cent for two years, 5 per
cent for one year and 6 per cent for thirty-five years; $1,920,000 of
third mortgage income bonds, with interest at 7 percent, if earned ; and
$1,937,189;
Sreferred
stock,ending
common
igs for year
March 31,
1883, stock,
were $495,851; net, $141,324.

Whom.

A. A O. .New York,
do
M. A N.

6
6

1,210.000
340,900
4,500,000
3,857,000

1,000
1,000

Vicksburg Sc Meridian.—dine of Ro
Miss. It is mainly owned ami controlled b\
Pac. Junc.Co., and forms a part of the rout

Payable, and by

Payable

6
3 to 6
7

$1,000,000
1,000,0U0
1,920,0<!0
5,357 374
600,000
1,900,000
1,100,000
943,800
1,775,000
1,310.000
3,555,643
700,000
27,337,200
23,034,200
2,000,000
17,000,000
5,671.000

100
100

All.
131
131
262
270
112
87
74
75
143
75
167
l-O
33

Where

When

Rate per
Cent.

pal,When Due

i

1881

1st mort. bonds on Chicago A Strawn
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort., gold, Indianapolis Division

1st mort.,

Outstanding

1 1881

General mortgage, gold (for $50,000,000)
Collateral trust bonds coup, (see remarks)
1st mort. bonds on Champaign Hav. A West
do

Amount

Par

1

Virginia <t Truckee— 1st M.(pav’ble $100,000 a year) 3,518
Wabash St. Louis <& Pacific—Stock, common
3,518
Preferred stock, 7 per cent, (not cumulative) —
Receivers’ certificates
All.

Bonds—Princi

INTEREST OR

Size, or

1881
1881
1882
1874

discovered
in these Tables.
DIVIDENDS.

immediate notice of any error

Miles ; Date
of
of
I

....

2d series
do
3d series
do
4th series
do
5th series
do
6th series
do
Income bonds, cumulative

[VOL. XXXIX.

STOCKS AND BONDS.

RAILROAD

84

Map—Missouri Pacific System)

Rovd.—The number of miles of road operated, December
31,1882, was as follows: East of the Mississippi
to
East St. Louis, 436 miles; Decatur to Camp Point, 129; Camp Point to
Quincy, 22 ; Bluffs to Hannibal, 48: Maysville to
;

—Line

of

River—Toledo
Pittsfield, 6 Clayton
to Elvaston, 35; Edwardsville to Edwar Isville Crossing, 10; Detroit to
Logansport, 214; Michigan City to Indianapolis, 161; Attica to Cov¬
ington, 15; West Lebanon to Leroy. 76; P. A D. Junction to St. Francisviiie, 109; Vincennes to Cairo, 158; Bates to Grafton, 71; Champaign
to Sidney. 12; Hollis to Jacksonville, 75 : Springfield to Havana, 47;
Streator to Altamont, 157; Shuimvay to Effingham. 8; Strawu to Chicago,
100
Urbana to Havana. 102 ; White Heath to Decatur, 30 ; State Line
to Keokuk, 222; Hamilton to Warsaw, 5; La Harpe to Burlington, 20;
:

West of the Mississippi—St.
Levee to Ferguson Junction,
Virginia Midland.—Line of Road.—From Alexandria to Gor- 10; Centralia to Columbia, 22; Glasgow to Salisbury, 16; Moberly to
donsvule, 88 miles; Warrenton Branch, 9 miles; Charlottesville to Ottumwa, 131; Brunswick to Council Bluffs, 224; Roseberry toClarinda,
Lynchburg, GO miles; Lynchburg to Danville, 6G miles; Pittsville 21; N. Lexington to St. Joseph, 77; West Quincy to Trenton, L36; Keo¬
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of kuk to Humcston, 131; Relay to Albia, 24; Des Moines to Fonda, 115;
which 49 miles leased to Balt. & Ohio); Front Royal Branch, 1 mile; Aibm to Des Moines, 67; total west of the Mississippi, 1,252 miles.
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28 Grand total east and west, 3,518 m., of which 808 ni. were leased roads.
Organization, Leases, Ac.—The Wabash St. Louis A Pacific was
miles; Pittsville to Rocky Mt., 30 miles: total leased, 58 miles. Total
owned and leased, 405 miles, of which 51 miles, Strasburg Junction formed Nov. 7, 1879, by a consolidation of the Wabash and the St. Louis
Kansas City A Northern roads and their branches. The Wabash Com¬
to Harrisonburg, is leased to the Baltimore A Oliio/leaving 354 miles
pany was organized Jan. 1, 1877, as successor of the Toledo Wabash &
operated.
The Washington City Virginia Midland A Great Southern was a Western, which company was formed June 25,1856, by a consolidation
consolidation (November, 1872) of tne Orange Alexandria A Man¬ of several companies, aiid defaulted ou its interest in 1875 and was fore¬
assas and Lynchurg & Danville railroads.
The Orange Alexandria closed June 10, 1876. The St. Louis’ Kansas City A Northern was
& Manassas was a consolidation (June 1, 1867) of the Orange A. Alex¬ formed in 1871 as successor of the North Missouri Railroad, which was
andria and the Manassas Gap.
The Washington City Virginia Mid¬ sold in foreclosure August 26, 1871.
In April, 18 *3, the Wabash St. Louis A Pacific was leased for 99 years
land & Great Southern was put into the hands of a receiver Julyrl,
1876. interest being m default, and wras sold in foreclosure May 13, 1880. to the St: Louis A Iron Mountain (and thus to the Missouri Pacific), on
and after litigation sold again Dec. 20, 1880.
Reorganized as Vir¬ the general basis of paying over to the Wabash its net earnings each
year. The St. Louis A Iron Mt also guarantees the collateral trust bonds.
ginia Midland, and bonds and stock issued as above.
The Baltimore A Ohio had large claims against the company for
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
coupons, and after reorganization
that company and the Garretts appointed receivers on the company’s own application in view of the
sola their large interest, amounting to $3,00' *,000 in stock, to the Rich¬ default on interest due June 1 on the general mortgage bonds. Re¬
mond & Danville Syndicate, the last payment being made in Jan., 1883. ceivers’ certificates were issued to the amount of $4,200,000. of
Of the above bonds, the first series is a first, lien between Alexandria which $2,200,000 to take up notes endorsed by Messrs. Goulff,
and Gordonsville, including lease of Charlottesville A Rapidan Railroad Humphreys and o licrs, were of inferior lien. See V. 38, p. 756 ; V. 39,
and the Warrenton Branch; the second series is a second lien between p. 23.. The prior bonds on which the interest was to be paid as soon as
Alexandria and Gordonsville, including Warrenton Branch and lease of earned are enumerated in V. 39, p. 117, and the plan of reorganization
Chailottesville A Rapidan RR., and a first lien between Charlottesville is in V. 39, p. 149 and 210, by which ir is proposed to assess the stock
and Lynchburg; the third series is a third lien between Alexandria and $8 a share, and to have an amicable foreclosure of the general and col¬
Gordonsville. including Warrenton Branch and lease of Charlottesville lateral trust mortgages and the issue of new securities, as follows:
& Rapidan RR., and a second lien between Charlottesville and Lynch¬ 1. Debenture mortgage bonds, 6s, dependent upon income $20,000,000
burg ; the fourth series is a fourth lien between Alexandria and Gordons¬ 2. First preferred stock
4.000 000
ville, including Warrenton Branch and lease of Charlottesville & Rapidan 3 Second preferred stork
23,000,000

-(V. 37, p. 69.)

total east of the Mississippi, 2,267 miles.
Louis to Kansas City,277 miles; St. Louis

the fifth
in¬
Harris¬
Alexandria and
and Lynch¬
and Danville,
Pittsylvania Rli.,
preferred
for 10
issued

RR., and a third lien between Charlottesville and Lynchburg;
series is a first lien between Manassas Junction and Harrissonburg,
cluding Front Royal Branch and lease of road from Strasburg to
sonburg to the B. A O. RR., and a fifth lien between
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a fourth lieu between Charlottesville
burg; the sixth series is a first lieu between Lynchburg
including Pittsville Branch and lease of Franklin A
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The $3,555,000 income bonds were issued to ret ire 1st and 2d
stock, every 10 shares of preferred to bo entitled to exchange
shares of common and a $1,000 income bond. The company
additional common stock, making the total as above.
The annual report for 1882-83, showed the following balance sheet

4. Common stock
The debenture bonds to

27,000,000

general mortgage bonds to the
amount of $17,000,000, nd the balance to be exchanged for collateral
trust bonds. The holders of the preferred and common stock will be
invited to subscribe at the rate of not exceeding $8 a share for thft first
preferred stock. And this subscription, amounting to $1,000,000, will
pro luce that sum in in ncy. The money will be applied to the payment
of floating debt. The result of flic plan, successfully carried out, will
be to exchange a mortgage and secured debt of about $25,000,000 for a
debenture mortgage bond, dependent upon income, of $20,<>00,000, and a
reduction of the compulsory fixed charges by the amount of about
$l,50O,( 00 a year; that is to say, this amount of interest must depend
upon income.
All of the older bonds remain in the order of priority
and the stock is kept in its relative position, except that the subscription
8ept 30,1883:
of $8 a share is to be protected by an issue of first preferred stock to the
Ci'i
Dr.
exact amount of the sum mbscribed.
By means of foreclosure the
Road and property
$17,263,227
unprofitable leases and other unsatisfactory contracts are to be extin¬
Capital stock
$6,000,000 North Caro. Midland
Mort. and inc. bonds.. 11,184,443
RR. stock...
58,762 guished.
The following roads were held under leases, viz: Eel River, Toledo
Bills payable
105,281
27,429 Peoria A Western, Boone County A Booneville, St. Louis Ottumwa A
Accounts payable
35,307 Supplies on hand
269,166 Cedar Rapids, St. Joseph A St. Louis, Brunswick A Cliillicothe, St. Louis
Pay-rolls (Septcmb’r).
47,167 Connecting lines, Ac..
79,587 Council Bluffs A Omaha, Quincy Missouri A Pacific, and Missouri Iowa &
Interest unpaid
157,998 Cash in banks
41,302 Nebraska, in all 808 miles of road. The facts in regard to the leased lines
154,901 Cash with agents, Ac.
Connecting lines, &o.
are condensed from the company’s report for 1882 and Poor's Manual, as
Profit and loss
34,814
$17,739,474
.

.

follows:

$17,739,474
Earnings for the years
Miles.

1882-83

Gross earnings.

1,515,746
405

....

1,664,201

Operat’g exn’ses. Net earn’gs.
$765,714
$595,982

570.629
665,709

945,116
998,494

In 1882-83 $119,908 iu addition to above expenses were
struction, Ac. (V. 36, p. 138, 140, 332; V. 37, p. 561.)

spent for con¬

52 miles;
54 miles.
1881 were
$741,045; net,
$287,518: dividend payments, $97,500. While the nominal stocK is
$6,000,000 the reports say that the amount of paid-up capital is not
known in consequence of the destruction of the books by fire several
Virginia Sc

Truckee.—Reno, Nov., to Virginia, Nev.,

branch line, Silver Junction to Silver City. 2 miles; total,
The bonds are payable $100,000 per year. Gross earnings in
*914.271; net, $394,564.
In 1882 gross earnings,

years ago.




D. O. Mills,

President.

The rentals

of-the several lines’contained in the tabular
In addition the company leased a con¬

statement amount to $662,525.
siderable number of short lines

ending September 30 were
$1,361,679

1880-81
1881-82

be exchanged for

companies.

and parts of lines belonging to other
rentals paid in 1882 for lines not included in
$325,083 ; the total paid (not including the St. Louis

The amount of

the table below was
bridge) was $987,608.
List of obligations on

principal leased lines : Amount

Description.

’

Ind.—

Eel River—Logansport to Butler,
Rental interest on $2,792,000 stock: 3 per
cent for 2 years, 4 per cent for
4!*2 per cent after
Also $1,200 per annum for
Tol. Peoria A West.—State Line, Ind., to Bur¬

of

Total
Annual

Principal. Rate. Charges.

‘

next 3,

organization...

lington, Hamilton

$2,792,000

$111,680

4,500,000

315,000

1,200

and Warsaw, Ill-

Min¬

Rental 30 per cent of gross earnings.
imum to equal interest on first mort ir age
bonds T. P. A W. Ry...

RAILROAD

October, 1884. J
Subscribers will confer

a

Miles
of
see notes
Road.

do
2d mortgage (Great West, of 1859)
do
Consol. M., (on all but Doc. A E St.L.)..
do
1st mort., (Decatur AE. St. Louis)
do
Funded debt bds (sec.by dep’sit of coups.)
do
Mort., gold, sink. fd. $25,000 after '82..
Hannibal & Naples, 1st mortgage
8t. L. K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort..
do 1st & 2d M.on St. Char.Bridge,coup.or rg
do lstal., Omaha Div.,gld, s.f., coup.or rg
do 1st mort., gold, Clarmda Branch
Toledo Peoria A West., 1st mortgage
do
1st pref. income, eonv., int. guar..

Quincy Mo. & Pacific, 1st mort., gold (int.

guar.).

Centrev. Moravia & Alb. RR., 1st mortgage
Chicago Cincinnati & Louisville, 1st mortgage...
Ware Rivet—Stock (guaranteed)
Warren (N.J.)—Stock
2d mortgage, now 1st
1st consol, mortgage
Washington City & Ft. Lookout— 1st M. bonds gold.
..

Date Size, or
of
Par
Bonds Value.

29
75
167
180
490
109
m

m

m

Int. on
Boone Co.

A Boonevillc—Centralia to Columbia, Mo.—
Rental of 7 per ct. per annum on $100,000.
St. L. Ott. A i edar Rapids-Coatsville, Mo.,
to Ottumwa, Iowa-

1877
1879
1879
1865
1874
1878
1879
1879
1880
1880

1,000

1,600,000
500,000

1,000

1879

1,000

1867

500 Ac.
100
100

....

50
354
354
....

146
22
237
136
24
73
49
18
18
18
12

....

1855
1870
1875
1873
1880

1,000
1,000

$300,000
1,000,000
1,500,000
2,500,000
2,610.000

1,000

2,700,000

500 Ac

3,009,675

250 Ac.
100 Ac.

1,000
1,000
1,000

6,000,000
3,000,000

1.000
1,000

1,388,500

2,350,000
264,000
4,500,000
1,190,000
1,204,000
400,000
1,000,000
750,000
1,800,000
750,000
600,000

1,000
1,000

....

!

f

6
7
7
7
7
7
6 &
7
7
7
7
6 A 7
7
6
7
4

540,000

1,000,000

....

Tot. An’l

Principal. Rate. Charges.
1,189,000

4

47,560

100,000

7

7,000

322,500

7

22,575

571,000

7

40,000

*

Rental of 7 per cent on $322.500
St. Jo. A St. L.—No. Lexington to St. Joseph—
Rental 30 per cent of the gross earnings, at
a minimum of $25,000 per annum
Brunswick A Chillicothe—Brunswick to Cliil-

Where

pal,'When Due.

Payable, and by

1

r

1

F.
F.
4.
J.
J.
M.
A.
A.

A
A
&
A
A
&
&
&
F. A

g.

g.
g.
g.

Is
a3

J.
J.
J.

J.
J.
A.
‘ A.
1 M.
1 J.

A
A
&
A
A
A
A
&
&

i
1

304,500

6

18,270

a to
CO O
OQ O

S.i
O.;

O.)
A.I

1,204,000

4

25,040

72,240

Total
$11,637,000
$662,525
Joint obligations with the Missouri Pacitic Railway Co. on account of
the lease of the St. Louis Bridge & Tunnel Railroad, dated July 1,1881, are
stated under the title of St. Louis B: idge A Tunnel RR. among “Afisoel
laueous Securities” in this Supplement. The earnings of the bridge and
tunnel are not included in the earnings of the Wabash St. Louis A Pacific
Railway, but are applied to pay flic rental.
The Centrev. M or. & Albia is leased in perpetuity; rental, interest on
bonds. The Des Moiues Northwest, is leased for 99 years from Feb. 28,

1881; rental, interest on bonds, any surplus of net earplugs after such
payment to go to stockholders. The Des M. A St. L. RR. is Teased in per¬
petuity; rental, int. on bonds. All these roads are practically the property
of the W. St. L. & P. RR. Co., and preserve merely a nominal existence.
The Toledo Peoria A War. company made default Deo., 1873, and was
operated by a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
organized as Toledo Peoria & Western. This company made a lease for
the term of its charter to

the Wabash St.

Louis. A Pacific on terms as
That the Wabash Pacific guarantee 7 per cent on the

follows, viz.:
$4,500,000 first mortgage bonds of the Toledo Peoria A Western.
The $2,900,000 income bonds to be guaranteed
at 4 per cent
and to be convertible at par for Wabash St. Louis & Pacific common
tock. The $1,000,000 second preferred income bonds wero also convert¬
ible into Wabash preferred stock, share for share. The stock of the

Toledo Peoria & Warsaw
second

was

preferred and 50
receiving this amount in

scaled 25 per cent common, 30 per cent

per
new

cent first preferred, each shareholder
stock of the Toledo Peoria & Western

stock. The Toledo Peoria & Western stock ($3,000,090) was changable
into Wabash common stock, three shares for one.

Stocks

Bonds.—Preferred stock has

prior right to 7 per cent
(non-cumnlative); then common to 7; then both share in any surplus.
Prices of stock since 1879 have been : Common in 1880, 26hi®48:
in 1881, 3314®60; in 1882, 23«8®39'78; \n 1883, 15a>36A4; in 1884
to Oct. 17, 4a)iy34.
Preferred in 1880, 51H®883s: in 1881, 6414'S>
96**; in 1882, 45783'715e; in 1883, ‘29^57^; in 1884 to Oot. 17.
9@32.
The trustees of the general mort. for $50,000,000 are the Central Trust
Co. of N.Y. and James Cheney of Indiana.
The mort. may be foreclosed
after six months default of interest, if a majority in value of all the bond¬
holders so request the trustees. First iuoi:. on St. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given,
includes the scrip certificates for coupons funded and depositedin trust,
which certificates amounted January 1,1883, to $1,014,453, and are
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons wero cut.
The collateral trust bonds of 1883 were issued for floating debt and
$1,000,000 were reserved to take up car trust certificates as they
mature. These bonds are guaranteed by the St. Louis Iron Mountain A
Southern RK. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to tlieSt. Louis Iron Mt. A Southern as
security lor this guarantee.
The old Toledo A Wabash equipment bonds of 1862 ($600,000) wero
decided in March, 1883, to be a lien against this company, with interest
since 1874, making $1,100,110, and judgment was so entered in
May,
1884; but an appeal to the U. S. Supreme Court was taken by the com¬
pany.
Operations, Finances, Ac.—The Wabash St. Louis A Paciflo extended
its lines
very widely in the years 1879 to 1882 (under the presidency of
and




a

1, 1893

Aug.. 1889
1, 1907
April 1, 1909
June 1, 1909
Jaly 1, 1895
Sept. 1, 1895
1903-1908

1

fc © >

,

>i^3

{

V

April 1, 1919
Aug. 1, 1919

Oct, 1, 1917
0»
J.
> ao **
J.
Oct. 1, 1909
£3 A-**
J.
Fen.. 1920
H
J.
Jan., 1887
l
J. 3oston, Bost.A ARlb.R.
July 1, 1884
O. N.Y., Del., L. A W. RR.
Oct., 1884
0.
do
do
April 1, 1900
S.
Marohl. 1905
do
do
D. 1Baltimore, Balt. A O.RR.
1903
Nov. 1, 1900

Mr.

Solon Humphreys), by the acquisition or branch and connecting
roads, and thereby assumed heavy liabilities. Although the earnings
have increased largely, the annual liabilities have so far been in excess
of the net profits. The road is operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease

to the St. Louis A Iron Mountain
Company placed the Wabash in com¬
plete control of the Missouri Pacific.
For the year 1883 no annual report of this eompanv was made, but a
brief report < f the income account for the last six months of the year
was embraced in the Missouri Pacific report.
A condensed balance
sheet of a few lines was also given, from which it appeared in compari¬

with the balance sheet for
1883 was $2,037,704.

1882 that the net deficit in income for

son

Assets—
Cost of road and equipment
Investments in stocks and bonds

.

31.
1882.

$116,329,942
8,667,697

Supplies and mateiials on band
Income account (debit)

626,000

(

&

.

CO 0 <JJ

cent per

...

1, 1912
1. 1893
1, 1893

Feb.

Liabilities—
Common stock
Preferred stock
Funded debt
Interest due and accrued
Notes and loans payable
Balances aud accounts

1883.

700,404

$117,625,082
9,365,677
600,494

2,035,880

4,073,584

$127,733,923

$131,664,837

$27,140,500
23,034,200
70,937,854
1,443,040
3,276,056
1,902,273

$27,337,200
23,034,200
76,466,075

$127,733,923

$131,664,837

on

...

Aug.
May
May
May

Feb., 1907

5 S>

A.
A.
O.
D.
J.!

Q.-J.

312
3*2
7
7
6
6

i

A A. 1
A N.j
A N.
A N.

Q.-F.

7

Stocks—Last
Dividend.

Whom.

GENERAL BALANCE DEC.

burg, Mo.—

$62(3,000: 4 per
annum for 5 years, 6 per cent
after. Interest January and July.
Quincy Mo. & Pacific—W. Quincy to MilanRental: upon earnings of $600,000 or more,
30 per cent; upon earnings less than
$600,000 and not less than $400,000, 25
per cent; and upon earnings less than
$400,000, 20 per ct. In any event inter¬
est upon the bonds to be paid and deficit
made up by Wabash Company. Interest
payable January and July

When

F.
M.
M.
M.

6 g.
6
7

—

Rental to be interest on $304,500: 4 per
cent per annum for 3 years, (i per cent for
19 years, 8 per cent for 3 years
St. L. C. B. & Omaha—Chillicothe to Pattons-

[Bonds—Princi¬

INTEREST OR DIVIDENDS.

»R

Outstanding!^cen?61 Payable

$500Ac.

Amount of

Description.
1st pref. income bonds T. P.AW.Ry.

Amount

1862
1853
1858
1865
1867
1869

m

gold (for $2,000,000)

Rental to be interest

85

11

Wabash, St. Louis <£• Pacific— (Continued) —
Wabash, 1st mort. (Ill A So. Iowa) extended
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash A Western)

lioothe, Mo

RONDS.

r

explanation of column headings, Ac.,
on first page of tables.

1st mort..

AND

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

STOCKS

1,544,836
2.7 3,516

509,010

Tne annual report for 1882 was published in the Chronicle, V. 36, p.
338, and the following is an extract: “ The net result of the year
was
a deficit of $583,022 below the amount
required for interest, reptajs
and charges of every kind, which, with the deficit of 1881, made a
total deficit in profit and loss account of $2,035,880. The main report

was by Mr. A. L. Hopkins, Vice-President, and be
gives a plain, intelli¬
gent and candid statement of the affairs of the company.”
The comparative statistics for three years up to 1882 inclusive, were
as

follows:

ROAD AND EQUIPMENT.

1880.

1881.

1882.

2.479

3,348

3,518

Total miles operated

OPERATIONS AND FISCAL RESULTS.

Operations—
Passengers carried
Passenger mileage

1880.

1,992,763
97,774,576

1881.

1882.

3,215,200
137,114,727

4,251,393
166,198.560

Rate per passenger per mile
2-398 cts.
2-238 cts.
2*373 ota.
Freight (tons) moved
4,533,187
5,393,917
5,911,012
Freight (tons) mileage
1,105,783,399 1,149,774,547 1,247,611,320
0-862 cts.
0 928 cts.
0951 cts.
av’go rate per ton per mile.
Earnings—
$
$
$
Passenger
2,344,452
3,067,989
3,944,520
Freight
9,532,334
10,667,906
11,885,226
Mail, express, Ac
551,326
1,021,943
731,894
......

Total gross earnings...
Total operating exp’ses

12,428,112
7,787.349

14,467,789
10,792,943

16.851,689
11,664,752

Net earnings
Per ct. of expeus to earn...

4,640,763

3,674,846

5,136,93')

62-65

74-59

69*22

INCOME ACCOUNT.

1880.

Receipts—

$

Net earnings
Other receipts

4,640,763
33,601

Total income

4,674,364
$

Disbursements—
Rentals paid
Interest on debt
Taxes, rent of cars, Ac
Dividends

483,255
2,657,360

514,569

1881.

1882.

$
3,674,840
277,245

$
5,186,937

3,952,091

5,515,697

$
1,009,079
3,447,627

937,608

637,504
1,329,918

328,760

$

4,302,006
809,105

Total disbursements
3,655,184
6,424,128
6,098,719
Balance, surplus or deficit.. sur.1,019,180 def.2,472,037
dcf.583,022
-(V. 37, p. 392; V. 38, p. 178, 358, 447, 541, 620, 639, 680, 707, 731)
756; V. 3D, p. 23, 41, 73, 98, 117, 149, 183, 210, 265,325, 350,402,437.
...

Ware River.—Palmer, Mass., to Winchendon, Mass., 49 miles. It
is leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. J. A. Rumrill. President, Springfield, Mass.

.Warren, N. J.—Line of road, New Hampton Junction to Delaware

Bridge, N. J., 13A4 miles. The road is leased to Delaware Lackawauc*
Western at 7 per cent on stock and bonds. Gross earnings, 1881,
$593,234: net. $345,274; 1882, gross, $431,935; net, $255,191. Joh»
Blair, President, Blairstown, N. J. (V. 32, p. 611.)
Washington City «fc Point Lookout.—Hyattsville, Md., to
Shepherd, Md., 13 miles, and to be extended. This road was opened in

great favor by

confer a

Subscriber* will

DESCRIPTION.
Por

explanation of column
on

first page

headings, &c., see notes

Date
of

Road. Bonds

of tables.

38

63
128
34

Consolidated mortgage

Atlantic—1st mortgage
Pleasant voile & Ocean City
Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga. and Ga. RR.&B.Co.

1866
1869
1879
1880

West Jersey <&

44
160
138
90
90
90
90
90
90
90

endorsed Balt. City..

Baltimore
Wasnington County

unendorsed

..

Baltimore

180-32

Cnnnrtl

130
189

Trmrtgfl.o'P.

1st mortgage,

57
28

Braucli

Pittsburg

Registered bonds

($15,000 p. in.)
Augusta—Stock
M., gold

1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880

Par

Value.

Outstanding

1,000

80,000
600,000
1,171,000
513,000
200,000
400,000
300,000
300,000
600,000
875,000
1,000,000
546,000
850,000

100 Sic.
....

1,000
1,000
Sic.
&c.
&c.
&c.

<fcc.
&c.

Sic.

500 Sic.
100 Sic.

1883

1,000

800,000
1,000,000
2,500.000

1879
1882

1,000

2,550,000

1,300.000

2,040.000
960,000

....

1,600.000
1,278,050
2,082,400

....

100

221,400
936,000

—

gold

Railroad.

the Baltimore &
in is $1,000,000.

Ohio for $30,000 gold per
Same officers as Baltimore

Si

Where

When

In

505.

Whom.

Payable

Sept. 15,1884
M. & S. Phila., Pa.RR.Co. Office
Jan., 1896
do
do
J. & J.
Oct., 1899
do
do
A. Sc O.
Nov., 1909
do
do
M. & N.
Sept. 1, 1910
M. & S. Phila., Fidelity I. T. Co.
July 1, 1910
J. & J. Phila., Phil. & R’g Offioe
Oct. 1. 1888
A. & O. N. Y., Nat. City Bank.
Oct. 1, 1890
do
do
A. Si O.
Oct. ’79 to ’91
Atlanta, Co.’s Office.
Q—J.
Jan. 1, 1890
J. & J. Balt., N. Mechanics’ B’k
Jan. 1, 1890
do
do
J. & J.
Jan., 1895
do
do
J. & J.
Jan., 1895
Hagerstown, Md.
J. & J.
Jan., 1895
J. & J. Balt.,N. Mechanics’ B’k
Jan., 1900
do
do
J. & J.
Jan., 1902
do
do
J. & J.
1890
do
do

May 1, 1890
Jan. 1, 1911

....

&
A. &
J. &
J. &

J.

J.
O. Philadelphia,
do
J.
do
D.
N.

Y., C. K.

Penn. RR. April 1, 1893
Jan. 1, 1896
do
June 1, 1923
do

M. & N.
M.
S.

3
6

J.
J.

4
7 g.

J. & D.
London.
M. & N.
J. & J. N. Y. ,Bost.,Lond., Frank

7 g-

& J.
Si D.

1912

July 10, 1884

Baltimore.

.

N. Y. and

June, 1910

Baltimore.

earnings were $360,065,
(V. 38, p. 511, 596, 620.)

July 15,

1886
1896

net, $181,584.

leasedoperated.
lines, 35 miles;

Riddleton and Sea Isle, 119 miles;
Atlantic RR., 34 miles ; total, 188 miles
Gross earnings for eight mouths from Jan. 1, 1884, were
against $871,992 ill 1883 ; net, $387,152, against
annual report for 1883 was published in the Chronicle, V.
Income account for three years was as follows:

West Jersey

$920,400,
The
$371,534 in 38,
1883.p. 478.

INCOME

ACCOUNT.

1882.

1881.

$
454,007

$
427,572
3,074
430,040

Receipts—

Net earnings
Other receipts

1883.

$
441,890
441,890

i.884
•

Stock,

Pennsylvania.—The road runs from Blairsville to Alle¬
6342 miles; branch to Butler, Pa., 21 miles; total,
miles.
Com Dieted in 1865 and branch in 1870. A new lease to the
Pennsylvania Railroad for 30 years was made in 1883, and an issue of
$5,000,000 consolidated bonds was authorized. The Pennsylvania
rond. lessee, owns $993,050 stock out of the total amount of $1,022,450,
$288,000 of branch bonds. In 1881 net earnings were
1882, $216,965. (V. 36, p. 611.)
White Water.—Valley Junction, O., to Cambridge City, Ind., 65
miles. This was formerly the White Water Valley, Bold in foreclosure
May 2, 1878. and reorganized under this title. Gross earnings in 188283, $104,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
Western

84*3
Rail$166,954; in

ghany City, Pa.,

Bridgeton,

1, 1909

Nov.

Garrison.

6 g.
7

1883 gross

$4,000,000.

Stocks—Last
Dividend.

Payable, and by

1817897--02390 180-32

3,100,000

1,000

1881
1863
1865

1880

3
6
7
6
6
6
8
8
10
6
6
6
6
6
6
6
6
7
6
6
6
5

1,000,000
1,000,000
747,000
466,000

....

It is leased to
The stock paid

Rate per
Cent.

$1,441,750

500&e.
500 <fcc.
500 &c

100
500
500
500
500
500
500

INTEREST

Amount

....

79
180

Sterling bonds
Sinking fund bonds,

Ohio

m

227

1st mortgage

annum.

m

65

Wheeling J Lake Erie.—1st
2d mnrtgn.go.
Wilmington Columbia c£*

1873.

_

„

bonds

Western <£• Atlantic (Oa)—Income
Western Maryland— 1st mort.,
1st mortgage, unendorsed
2d
do
endorsed by
2d
do
endorsed by
2d preferred mortgage,
3d mortgage, endorsed by
4th
endorsed by Baltimore
do “
Funded coupons

Size, or

$50

186
West Jersey—Stock
1st mortgage loan
1st
do ^ consolidated

Bonds—Princi¬
in these Tables.
notice of any error discovered
OR DIVIDENDS.
pal,^When Due.

giving immediate

Miles
of

[VOL. XXXIX.

AND BONDS,

BAILKOAD STOCKS

86

construction—Wheeling. W .

Wheeling Sc Lake Erie.—Road under
Va., to Toledo, O., 205 miles, and
miles. In 1883 168 miles were in operation
tion, O., and the branch from Norwalk to Huron,

branch, Norwalk to Sandusky, O., 21
from Toledo to Valley Junc¬
O. For 1884 company
was embarrassed.
Foreclosure begun in July, 1884, and M. D. Wood¬
ford appointed receiver. Commodore Garrison in New York has been
largely interested in this road. Oliver Garrison, President, Toledo,-O
-(V. 36, p. 560; V. 39, p. 98, 210, 434.)
Wilmington Columbia Sc Augusta.—Owns from Wilmington.
N. C., to Columbia, S. C., 189 miles.
Leased jointly, Lane, 8. C., to
Sumter, S. C., 38 miles. Total operated, 227 miles. In 1880-81 there

454,007
$
$
30,571
178,888
Rentals paid
33.034
33,034
73,075
175,720
177.118
Interest on debt
85,232
Net earn, of W. J. & Atl. RR., &c..
53,034
57,775
0 p. c.
Dividends
54,390
82,807
Bate of dividend
4 p. c.
0 p. c.
310,184
373,700
Total disbursements
350,734
114,402
08,130
Balance, surplus
103,933
expended $42,000 out of earnings for locomotives. Paid 3 per
-(V. 36, p. 170, 313, 534; V. 37, p. 480, 641; V. 38. p. 149, 478; V. 39, cent dividends for L880 and 1881.
Road
sold in foreclosure, October, 1879, for $860,500, and re¬
p. 265.)
organization is in progress. The scheme of reorganization (which was
West Jersey Sc Atlantic.—Newtield, N. J.. to Atlantic City, N. J.
carried out) provided that a new corporation should be created, with a
84 miles; Bleasantville Si Ocean City RR., 7 miles; total, 41 miles
stock of *960,000 and $1,600,000 in thirty-year first mi
Opened June 17, 1880, and operated by West Jersey Railroad on a capital
bonds. The holder of $2,000 of the old oonds, together
with the
the
company,
cates for funded interest, received a $1,000 bona of
joint
agreement
and
25
cent
of
gross
oil
per
recei
p
ts
ferseytraffic
to
deficit
in
from traffic of this road to be
applied
any
interest
and in addition six shares of stock.
and then as sinking fund for bonds purchasable at 105, or drawn if
Theflseal year ends Sept. 30. The report for 1882-3 said: “ There has
that. In 1882 net earnings were $57,408. Stock is $628,300.
been
increase in passenger receipts amounting to $25,734, and in
Two per cent dividend paid in July, 1884.
through freight transportation of $4,831. In local transportation a
Western Alabama.—Line of Road
Selma to Opelika, Ala., 116 decrease of $26,153. This latter decrease is due to a diminution of rates
than any other cause, and at one time there was an indication that
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville & Nashville for $52,000 per there would have to be a still further decrease of rates. The deficiency
Was a consolidation in 1870 of Montgomery & West Point and has been made up In through freight and passenger service, principally
Western of Alabama. Sold May 10,1875, in foreclosure and purchased
through’travel. The Central Railroad of South Carolina has earned
Jointly by the Georgia Railroad and Central Railroad of Georgia. The
ivided between
andand
the sum
this road
the Northeast.
expenses,
Company
old stock and income bonds were wiped out in the foreclosure, and the t94,190.
After paying
rental
deducting allRailroad
there has
property is represented by the bonded debt and $846,000 due each of the of $4,502 as the profits since April, 1882. The road is in first-rate con¬
above companies. There are also $32,000 second mortgage 8s of Mont¬ dition.”
Earnings have been:
gomery &West Point RR. due May 1, 1888. The gross and net earn¬
Net Earn’gs.
Total income

$

Disbtirsernents—

was

was

West

over

an

more

annum.

‘

ings have been as

follows:
...

...

...

...

...

167
167
150
117
88

...

88

Expenses and

Gross

Miles.

1877-78
1878-79
1879-8#
1880-81
1881-82
1882-83

Taxes.

Earniug8.

$367,454

$544,107

395,498
402,797
376,757
290,302
258,860

579,492
679,746
692.911

494,539
491,576

Net

EarniDga
$176, So2
183,994
276,949
316,154
152,237

232,716

—(V. 36, p. 332.)

Ga., to Chattanooga, Tenn., 138
and opened in 1850, and by an act of

Western Sc Atlantic.—Atlanta,
miles. Built by State of Georgia

twenty years at a monthly
estimated at $1,500,000,

October 24,1870, was leased to a company for
rental of $25,000. In 1881 gross earnings were

surplus, $300,000.
Road—Baltimore to Williamsport
Md.,90 miles; Emmitsburg Branch, 7 miles; Edgemont to Shippens
burg, Pa., 34 miles; total, 131 miles. The capital stock is $682,050
The company was largely assisted by the city of Baltimore, and
was unable to pay all its
interest. A compromise was made with
the preferred second mortgage bondholders for funding ooupons.
The Baltimore & Hanover RR. was completed to its connection with
thi8road in 1880. The Western Maryland operations for five years
have been as follows, but in 1878-79 the construction account was
closed and all expenses charged to operating expenses, on which basis
net earnings have since been relatively decreased.
Net
Gross

and net, $600,000; rental, $300,000;
Western Maryland.—Line of

Western

Miles.

Passenger
Mileage.

Freight
Mileage.
7,278,431
9,172,272

Earnings. Earnings.
$85,952
$461,871

12,277,592
Ill
175.657
540.148
13,401,848
124
254,175
654,163
12,876,711
16,201,680
131
Nortli Carolina.—Owns from Salisbury, N. C., to Paint

Rock, Tennessee State
miles; total, 210 miles.

line, 190 miles; Asheville to Pigeon River, 20
The road was financially embarrassed, and was

1875, by commissioners for the State of North
Carolina, and subsequently finished by the Richmond & Danville Ter¬
minal Railway & Waichouse Company, and Is operated as a part of the
Richmond A Danville s. stem. It is proposed to complete the road to
Cleveland, Tennessee. In 1881-82 gross earnings, $218,934; net, $28,-

purchased April 17,




new

been

cr£

Gross Earn’gs.

Years.

L

$547,446
640,956
692,628
718,599

$145,423

135,917
139,592
205,291

-(V. 37, p. 555,717.)

Del., to
Wilminigton
9 miles. This
owned 79 miles,
company was organized Jan. 18, 1877, as successor to the Wilmington
& Reading RR. Co., which defaulted on its interest and was sold in fore¬
closure Deo. 4, 1876. Has bonds amounting to $122,700 in several
small issues. Earnings in 1881 $325,012; net, $66,764. In 1882,
gross, $339,092; net, $75,064. (V. 36, p. 591.)
Wilmington Sc Weldon.—Road extends from Wilmington to
Weldon, N. C., 163 miles; branch to Tarboro, 17 miles; total, 180 miles.
Was leased November, 1872, to Wilmington Columbia & Augusta Rail¬
road for 99 years. The lessees made default December, 1877, and the
lease was surrendered April 13, 1878.
The fiscal year ends Sept. 30. The report for 1882-83 said: “ While
there has been an increase in gross receipts of $14,103 55, there has
been an apparent decrease in net earnings of $13,592 32. This appar¬
ent decrease comes from the purchase of new engines, building new
shops and warehouses at Wilmington, and betterments on the road.
There being no construction account, all is charged in operating
expenses. There has been a diminution in through freights of $7,008,
increase in local freights of $3,204, an increase in through passen¬
gers of $18,383, and a decrease in local passengers of $6,974. It has
been customary to set aside a certain amount of unexpended money
for the purchase of rails, of which $41,639 remains, which properly
belongs m net earnings, as so much money was not needed for renewal

Wilmington Sc Northern.—Owns from
Reading. Pa., 72 miles; branches, 7 miles; total

an

of rail.”
Tne

earnings and expenses for
Gross
Net

Years.

-(V. 37, p.

five years have been:Gross

Earnings. Earnings.

$488,448
505,978
603,175
717.)

$176,277
175,693
221.698

Years.

Earnings.
.

$750,916
"83,790
797,428

Net

Earnings.

$303,833
209,472
195,879

RAILROAD STOCKS AND BONDS.

October, 1884.]
Subscribers will confer

a

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For explanation of column
on first page

headings, Ac.,
of tables.

Miles Date
of
of
see notes
Road. Bonds

Wisconsin Central—Consol, mort., land grant, pref.
1st series
2d series, income
Worcester <£ Nashua <£ Rochester—Stock

Bonds, mortgage
Bonds, mortgage

326
326
326
94

1879
1879

....

....

....

Bonds, mortgage
Nashua & Rochester, 1st M

....

,

guar,

(for $700,000)

48

1879
....

1873
1875
1874

Size

Par

Value.

$....
....

.

.

•

ated, including feeders, 450 miles. The lease of the Milwaukee A North¬
surrendered August, 1882. In January, 1879, the Wisconsin
Central Road was taken possession of by the trustees for bondholders,
who still operate it.
There is a land-grant of over 800,000 acres.

practically accomplished by consent

a new consol, mort. to cover $400,000 5 p. c. pref.
bonds; $3,800,000 first series bonds, bearing 2 p. c. for three years from
July 1,1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is

187-923.0

Rate per,
Cent,

5
2 to 5
2 to 7

$360,000

3,800,000
5,700,000
3,099,800
275,000
250,000
400,000
700,000

500 Ac.

ern was

embraced the issue of

Amount

Outstanding

100
100 &c.
500 Ac.
lOOOAc.

Wisconsin Central.—Owned on Dec. 31,1882, the main line and
Stevens Point to Menaslia, 65 miles; do. to Ashland, 186
miles; do. to Portage City. 70 miles: branches, 7 miles; total owned, 327
miles. Leased from Neehali to Schleisingerville, 65 miles; operated
under contract, Milwaukee to Schleisingerville, 32 miles. Total oper¬

plan of reorganization

•

Bo nds—Princi¬

INTEREST OR DIVIDENDS.

or
-

branches

The

8?

-

When

Where

pal.^When Due.

Payable, and by

j Payable

Whom.

&
&
A
&

Boston, Ofiiee.
do
do

Dividend.

1l2

M.
J.
J.
J.

5
5
5
5

Various
do
do
A. A O. Bost., Globe Nat. Bank.
F. A A.
do
do
A. A O.
do
do

N.

J.
J.
J

StocA’s—Late

5 p. ct.

yearly

1909
1909

Worcester, Ottice.

July 1, 1884
May 1, 1887
April 1, 1893
Feb.

1, 1895

April 1, 1894
!

of
the annual
report for 1883, which showed heavy
operating expenses and small net earnings.
For four years past
the earniugs, Ac., were:
Gross
Net
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Earnings.
Mileage.
Earnings.
1880
460
8,746,766
41,550,72G $l,146,3o2
$265,748
461
1881
10,466,444
47,766,777
1,365,967
272,108
1882
440
11,427,237
1,338.490
44,437,249
252,468

abstract

1883

.

...

.

...

.

...

1,447,799
122,660
-(V. 36, p. 676; V. 37, p. 236, 344; V. 38, p. 220; V. 39, p. 98, 437.)
.

Worcester & Nashua & Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester, 94miles. This consolidated company
was formed Doc. 1, 1883, by a merger of the Worcester A Nashua and its

Eayable
alf yearJ.ending
and J.,six
butmonths
dependent
on of
the$11,500,000
net earningsremains,
of the
before.each
Thetime
stock

leased line, the Nashua A Rochester, ou the basis of an equal exchange
of the stock of each company for that of the consolidated company.
The Worcester A Nashua Co. paid regular dividends of 10 per cent

(without voting power) have been issued to the old stockholders, which

only 5*2 per cent dividends in that year. The rental
charge being plainly too heavy, an agreement was made in 1879 to
reduce the interest ou bonds to 5 per cent, and the dividends on

$2,000,000 of it preferred and $9,500,000

common, and is all depositea
intrust with Stewart and Abbot, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to continue so to be. Trustees’ certificates for new stock

pass as a

delivery on sales.

Trustees and company leased for 99 years the
Milwaukee A Winnebago Railroad, from Noenah to Schleisingerville.
which was completed in December, 1882; the rental is 37*2 per cent of
In March, 1882, the

f;ross earnings
and lessee,
to $175,00J
surplusto tothisgo lease.
equallyThe
up and
allsubject
to
the bondsper
issued
areyear,
essor

surrender of the lease of the Milwaukee & Northern road in August,
1882, materially changed the situation of the Wisconsin Central so that
no

comparison of tratno with that year is of muck importance.

year ending June 30, 1884,
gross income $1,476,821;
taxes

For the
the report to Wisconsin Commissioners gave
net ornings, $105,392; net surplus, less

and rentals and interest, $19,807.




In V. 39,

p.

93, is a brie-

for some years before 1874-5. In 1875-6 the leased lineoharges (Nashua
& Rochester, 48 miles) first appear in the accounts, and the Worcester
& Nashua paid

Nashua A Rochester stock to 3 per cent per annum. The interest on
WorcesterA Nashua bonds was also reduced to 5 per cent.
In addition
to above there are $37,000 5 per cent Worcester & Nashua bonds oi t-

standiug.
Years.

-(V. 36, p.

Five years’ operations
Passenger
Miles.
Mileage.

were as

follows:
Gross

7,222,999

Freight
Mileage.
12,123,444
14,995,020
16,153,062

Earnings.
$473,081
553,592
588,770

7,467,524

16,999,008

631,982

x56,993

7,592,458
17,844,586
139: V. 37, p. 638, 641.)

661,531

173,325

94
94
94
94
94

6,168,871
6,784,960

Net

Earn ugs.
$16 '*,495
1 7,033

155,196

CANAL

88
Subscriber* will

confer a great favor by

DESCRIPTION.
For

explanation of column
on

Albermarle &

first page

headings, Ae., see notes
of tables.

Date
of
Canal. Bonds

14
14

Mortgage bonds
Chesapeake & Delaware—Stock

(originally $2,800,000)
Chesapeake <£ Ohio— Stock
Maryland loan, sinking fund
Division—Stock, (Conv.into L.C.AN.stck.)
(extended 20 years in 1878)
Delaware <& Hudson—Stock
1st mortgage, registered
Debenture loan of 1894, coup and reg
lBt M., coup. A reg., on Penn. Div. ($10,000,000)
Lehigh Coal <£• Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coa

Delaware

1st mortgage

1st mortgage, reg. (extended at 4 ^2)
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by

Consolidated mortgage loan

Value.

1,000
1,000

1869
1864
1867
1867
1871
1872
1884

other c

lOOOAc.
50
500 Ac.

1876
1865
1869

6
....

12,386,900

771,000

5,000,000
2,000,000

1,000
1,000

2,470,750

100
100

1,025,000
1,175,000

1,000

780,000

4,653,000
643,000
1,000,000

220,000

various.
various.

When

103.164

Delaw are

Division.—Leased to Lehigh Coal &
and 4 per cent a year on

converted into
converted. (V. 36, p. 193.)
Delaware Sc Hudson.—The Delaware A Hudson Canal Co. was
chartered April 7, 1823, and the canal from Rondout N. Y., to Ilonesdale, Pa., was completed in 1828. The company owns the
railroads, viz: Lackawanna A Susqueliannah, Nineveh, N. Y., to

following
Jeffer¬
son Junction, Pa., 22 miles; Valley RR., Carbondale to Scranton, Pa.,
17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
mouth A Wilkesbarre RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdale, 56 miles; total owned, 114 miles ; track of Jefferson RR.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
This company is among the largest miners and carriers of anthracite coal,
and also leases the

Albany A Susquehanna

and Rensselaer A Saratoga

railroads, including the N. Y, A Canada RR., whose bonds it endorses.
The stock is to he increased to $30,0 >0,u00 to pay off bonds maturing
In 1884 and 1891. The stock is to be issued as follows, viz.:
In 1884, $1,000,000 in 1887, and $5,500,000 in 1891, the object
issue being to take up an equal amount of 7 per cent bonds. To
holders of May 24, 1883, there was allotted 35,000 shares to be paid for

$3,500,000

of the
share¬

six shares of the
and stated “that
the year, and, while
prices were low\ they were well maintained, thus justifying the policy
of a proper restriction of the product. While the railroad system in its
entirety yielded satisfactory results, the depression in the ore and iron
Industry seriously diminished the earnings of the leased lines, which
was, however, partially overcome by the
increased coal tonnage—
953,000 tons having been transported over the Albany A Susquehanna
allotted for

at par, one share of new stock being
every
old stock held by shareholders on the date named.
The annual report for 1883 was given in V. 38, p. 292,
the mining of coal was suspended sixty days during

4Lj
2
5
7

7
7

A
A
A
A
A

A. Leh. Val. RR. Co., Phila
do
do
A.
do
do
O.
do
do
O.
do
do
A.

1883.

7,210,524

9,328,763

9,575,362

1333.

69,410
1,408,449
2,609,203

*3,944,549
69,410
1,466,143
3,914,976

41,041,614 40,902,484 41,087,986
$
$
$

43,213,033
$

69,410
1,148,322

69,410
962,130

3,785,656 3,884,088

20,000,000 20,000,000 20,000,000

20,000,000

18,843,000 18,763,000 18,763,000
823,053
836,899 2,444,732
1,236,431 1,488,087 2,005,306

41,041,614 40,902,484 41,087,986

Albany A Susquehanna, $854,000; 8.141
$814,100; sundry stocks, $146,641.

-(V. 37. p. 23 ; V. 38, p.

43,213,038

Albany A Susque¬
$159,808; 8,540 shares

shares Rensselaer A Saratoga,

177, 292, 571.)

Lehigh. Coal Sc Navigation.—The Central Railroad of New Jersey
assume*! (in purchase or equipment) $2,310,000 of the gold loan due
1897 and leases the Lehigh A Susquehanna Railroad. The Lehigh A
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897,
and $771,000 (all) of the convertible gold loan due 1894. Bonds matur¬
ing 1884 were extended till 1914 at 4Lj. The Board of Managers’re
port has

the following statement

of receipts and disbursements:

1881.
1882.
1883.
Receipts—
From railroads and Nesque. Tunnel. $1,429,468 $1,445,190 $1,614,695
55,699
55,830
65,552
Lehigh Canal
18,947
21,065
20,881
Water Powers Lehigh Canal—.'
74,045
47,586
57,745
Delaware Division Canal
240,743
325,666
386,351
Net profit on Lehigh Coal
7,574
7,209
3,642
Royalty on coal mined by lessees
35,669
31,973
33,463
Revenue from rents
13,316
12,157
4,824
Miscellaneous receipts
=

$1,875,592 $1,939,212 $2,194,489

Total receipts

Disbursements—
General and legal expenses
Rent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
Taxes

Interest account

$59,101
97,050

$62,892
97,050

120,330
70,148

102,356

915,039

942,973

74,648

$65,064
97,050
81,438
71,916

934,377

$1,261,668 $1,279,919 $1,249,845
$613,924 $659,293 $944,644

Total disbursements

$
8,993,540
60,007

April 1,1906
Oct., 1885
Feb., 18S9

These miscellaneous assets include the following:
hanna consols (1,970), $1,970,000; sundry bonds,

Balance, of

1882.

Aug., 1831

3,658/429

4,294,706 2,985,349

Total liabilities

INCOME ACCOUNT.

$

$

1*884

Aug.,

1882.

1881.

1880.
$

*

Comparative statistics for four years:

1881.

*1870"

London.

Bonds
19,837,000
Miscellaneous accounts... 1,003,827
200,786
Profit and loss

stockholders,
of the
capital stock from time to time as the bonded debt of the company
matures, until the aggregate capital shall amount to $30,000,000.’*

$

July/i 8 86

....

F.
F.
A.
A.
F.

Total assets

and its connections. At the last annual meeting of the
an ordinance was unanimously adopted authorizing the increase

1880.

July 1, 1909

1890
1885
J. A J. Balt., A. Brown A Sons.
1898
J. A J. Balt., Farai.A Mecli.Bk,
Aug. 15, 1884
F. A A.
Phila., 244 So. 3d st.
2
July 1. 1898
do
do
J. A J.
6
1%
Q-Mcli. N. Y., Bk. of Commerce. Sept. 10, 1884
1891
do
do
J. A J
7
1894
A. A O. N. Y. OfiiceABk.of Com.
7
do
do
Sept. 1. 1917
M. A S.
7
Juue 11, 1884
J. A D.
Philadelphia, Office.
3
1894
do
do
6 g. M. A S.
do
do
July 1, 1914
4*2
Q-J.
1897
do
do
6
Q-F.
1897
do
do
6 g- J. A D.
June 1, 1911
do
do
J. A D.
7
1892
do
do
F. A A.
7

Liabilities—
Stock

Navigation Co. at

Dividend.

Whom.

Q-J.

Supplies on hand
Cash and bills receivable..

stock. In 1883 $234,950 was
Lehigh Coal & Navigation stock, leaving $140,000 un¬

interest on bonds

pal,^When Due.
Payable, and by Slocks—Last

Bait., A. Brown A Sons.

Q- J

Chesapeake.—Canal between Chesapeake Bay
and Albermarle Sound, N. C., 14 miles. Gross earnings 1882-83, $102,
Miscellaneous assets
000; net, $70,000. President, Marshall Parks, Norfolk. Va.
Telegraph and Car Co
Chesapeake Sc Ohio.—This company was assisted with loans by the
State of Maryland. It has long been unable to meet its interest. In a
suit against the company the Court (January, 1881) declined to appoint a
receiver, but ordered the company to report at stated times its receipts
and payments. In July, 1884, application again made for a receiver
and sale of the canal. I11 1833 gross earnings, $329,527 ; net, $34,474;
interest on repair bonds, $7,44u. (V. 39, p. 21.)

Tables,
Bonds—Princi¬

A J. N. Y., Union Trust Co.
A D.
Philadelphia, Office.
do
do
A J.
A J.

J.
J.
J.
J.

Albermarle Sc

Chesapeake Sc Delaware.—Delaware City to Chesapeake City, Md.

Where

Payable

6
5
6
6

Var.
Var.
500 Ac.

103
103
103
103

7
....

1,699,500
124,000
440,000
800,000
23,500,000
5,549,000
4,829,000
5,000,000

100

339

dividend

,

50

1871
1874
1877

Cent.

$900,000
500,000
2,078,038
1,993,750
3,851,593
2,000,000
4,375,000

Vario’s

1,000

Rate per

Outstanding

$....
1,000

1858

INTEREST OR DIVIDENDS.

Amount

500 Ac.
500 Ac.
500 Ac.

60
60
148
148

Morris—Stock, consolidated
Preferred stock
New mortgage (for $1,000,000)
Preferred stock scrip

Par

25

Extended, 1877..

Greenwood 2d mortgage, reg.
General mortgage

Boat loan

1856

1'84

Bonds having next preference
Repair bonds. Act 1878

Size, or

50

184
184
184

Guaranteed sterling loan

-

1879

14
14

1st mortgage

of any error discovered in these

giving immediate notice

Miles
of

Chesapeake—Stock

[VOL. xxxix.

STOCKS AND BONDS,

earnings

$471,445;
52,403
58,400
said: “Our
42,810
287,038 not revenues from all sources were $2,194,489, an increase of $255,277
187,363
243,537
93,516
Miscellaneous profits
492,924
745,136 over those of 1882. The. fixed charges, including rentals, decreased
345,075
727,283
Coal on hand (Dec. 31)
888,559 $30,073, and the balance, after paying these charges, which are $944,644,
812,455
561,948
805,914
Railroad earnings in Penn.
1,905 is $-'85,351 in excess of that of last year. From this balance $189,239
8,465
Profit on leased lines
257,541 lias been marked off* for depreciation of coal improvements and the coal
249,497
312,243
301,858
Interest on investments...
sinking fund of ten cents per ton; and after raying two dividends of
8,948,327 11,083,547 10,804,251 11,808,244 2Lj and 3 per cent respectively, the remainder, $130,476 has been
Total
credited to the dividend fund.’’
$
$
•$
$
Disoursements—
As to the lease between the Central of New Jersey and the Philadel¬
492,924
345,075
727,284
535,264
Coal on hand Jan. 1
3,171,369 3,985,304 4,422,213 4,996,195 phia A Reading the report says : “The negotiations resulted in an agree¬
Mining coal
811,873 ment, under date of May 29, 1883, between the two companies just
798,701
596,827
755,331
Coal transportation, Ac...
named and this company, which provides that the Philadelphia A Read¬
Canal freight and exps.... 1.568,245 1,737,979 1,680,192 1,642,844
1,343,973 1,374,784 1,312,GS3 1,321,941 ing Railroad Company shall assume and become responsible for all the
Interest
546,624 undertakings of the Ceutral Railroad Com nan y of New Jersey under the
407,756
400,401
366,578
Taxes and miscellaneous.
original lease of March 31, 1871. • * * * That they shall continue to ship
14,642
Loss on leased railroads...
1.351,429 2,102,464 1,838.201 1.995.843 about 40 per cent as much coal as shall be shipped from year to year from
Balance
the lands of the Philadelphia A Reading Coal A Iron Company. * * *
Total
8,948,327 11,033,547 10,804,251 11,808,244 The agreement furthest provides that the rental of the Lehigh A Susque¬
hanna Railroad and branches shall never in any year be less than
I $1,414,400; we ayreeing not to demand as part of the rental in any year
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1883.
1882.
prior to Dee. 31. 1887, any excess which one-third of the gross revenues
1881.
1880.
$
j of the said raili-oads may produce over $1,728,700, nor in any year
$
$
$
Assets—
6,339,210 6,339,210 6,339,210 6,339,210 thereafter, and prior to Dec. 31, 1892, any similar excess over$l,885,Canal, Ac
Railroad and equipment.. 6,414,759 6,456,258 6,581,070 6,957,188 CO1.), nor in any year after the last-named date any similar excess over
Real estate
;
8,846,316 9,027,804 9,044,17^ 9,035,163 $2,d43,goo, except that to each of these maximum yearly rentals shall
interest at the rate of 7 percent on all construction work on
2,713,957 2,729,311 2,751,236 2,796,329 be added
Mines and fixtures
670,678 tlie said railroads, which may subsequent to Dec. 31,1882. be charged
683,185
690,397
746,791
Coal-yard, barges, Ac
1,022,938 1,022,938 1,022,938 to our construction account under the provisions of the original agree¬
Lack. A Susquehanna RR. 1,022,938
520,164 ment of March 31, 1871 ’’
1,074.808 1,008.787
Albany A Susquehanna...
The bonds maturing April 1, 1884. were extended to July 1, 1914,
New York A Canada RR.. 3,597,074 3,597,074 3,597,074 3,597,074
300,000 with interest at 4hi per cent. (V. 36, p. 21D, 652; V. 37, p. 479 ; V. 38,
300,000
300,000
300,000
Cherry Val. A Sharon RR.
Receipts—

Sales of coal
Canal tolls

The balance to credit of dividend fund Dee. 31. 1881,
1882, was $535.457; Dec. 31, 1883, was $;>65 934.
The animal report for 1883 in Chronicle, V. 38, p. 228,

$

Dec. 31,

,

Meehan. A Ft. Edward RR
fichen. A Meehan. RR
Coal on hand Dec. 31
Advances to leased lines..

Advances on coal royalties


'u.


48.296

52,113

211,2-0

345,075

210,922
492,924

400,015

637.605

615,514

625,073

16,146
200,773

727,283
608,894
613,181

,

I

p.

228, 261, 301, 424,

5 40.)

Ulorrl*,—r/Cased April, 1871, to Lehigh Valley Railroad
745,436
921,663 years.
The lessees assume bonds and scrip, and pay 10 per
648.724 annum on prof, stock and 4 per cent on consol, stock.

for 999
cent per

CANAL

October, 1884.]
Subscribers will confer

STOCKS

AND

BONDS

great favor by giving Immediate notice of
any error discovered in tlicse Tables.

a

DESCRIPTION.
For

Miles Date Size, or
!
explanation of column headings, <fco., see notes
of
of
Par
on first page of tables.
Canal. Bonds Value.

Amount

Pennsylvania—Stock

337
337
103

mortg., interest guar’d by Penn. RR

Schuylkill Navigation—Stock,
Preferred Btock
1st mortgage, extended
2d mortgage

Mortgage bonds,

coup,

Improvement bonds
Boat and
Boat and

common

(payable by P. & R.)

loan
car loan

....

....

Susquehanna—Maryland loan, 2d mortgage
do
do
do
Union— 1st mortgage

serip

2,942,000

6

50
50

693,712
3,283,650
1,709,380
3,990,392
1,200,000

35c.
70o.

....

....

....

bonds, 3d mort
pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
bonds of 1872,4th mort
common

....

....

....

....

....

1*870
1863
1864
1839

1,000
1,000
1,000

228,000
756,650

500
500

621,600
1,000,000
1,324,000
227,500
97,810

1,000

250,000

....

1859
*44-’64
’41-*64
1872

85

Ceuf.

$4,501,200

1,000
1,000

....

....

late per

$50
1,000

....

car

Susquehanna Canal,

1*870

INTEREST OR DIVIDENDS.

i

j Outstanding !

General

89

1,000

3,000,000

....

Pennsylvania..—Worked in interest of Pennsylvania RR., which
guarantees interest on bonds. An old mortgage balance of 886,000 is
due in 1887. Earnings in 1882, $381,033;
net,
$127,292; interest, taxes,

Ac., $205,987; loss, 78,694. Earnings in 1883. $395,218: net,
$191,446;
; add taxes refunded, $28,285;
total, $36,672.
interest. &c.. $183,060; balance, $8,386

6
6
6
6
6
7
6
6
6

6
7
6

When

Bon ds—Princi¬

Where Payable and by
Whom
Payable

J.

&

J.

....

do

Q. -M.
&
&
&
&
&
&
&
&
A
&
A

J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
N.

Stocks—Last
Dividend.

Phila., 233 So 4th St.
Philadelphia, Office.

....

J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
M.

pal,^Whom Due.

,

July, 1910
15, 1884
15,1884
March, 1897

Feb.
Feb.

do
do
do
do
do
do
do

do

do

1882 to 1907

do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do

Philadelphia,

1895

May,
May,
May,
Jan.,

1880
1913
1915
1885
Jan. 1, 1918
Jan., 1894
Jan.^ 1894
Jan.^ 1902
May 1,1883

Office.

posal from Phila. & Reading to merge this company by
giving one share
of Phil. & R. stock for two of S. N.
preferred and one share of P. & R for
four of 8. N.common was rejected. (V.
36, p. 194. 332; V. 38, p. 201.1

Susquehanna.—Leased and operated by Philadelphia & Reading
Railroad for interest on bonds and half of net
earnings. The stock 1s ex¬
changed
for Phila. & Reading, two of canal stock for one of
Schuylkill Navigation.—Leased from June 1,1870. to Philadel¬ The
Reading,
phia & Reading for 999 years. Rental received in 1883, $635,776. In
floating debt is considerable. <V. 36, p. 561; V. 37, p. 720.)
1880 thelessees defaulted on the rental and
propositions made by the
Union.—Stock, $2,909,850. Of the bonds $1,897,000 are held
Receivers of the Philadelphia & Reading RR. to purchase
by
coupons and the Phila. & Reading RR. Co. which will
dividends on certain terms were carried out. Tn
probably foreclose the mort.
March, 1883. the pro¬ Foreclosure proceedings are pending. (V. 37.
p. 687; V. 38, p. 178.)

CITY

Second.

Avenue

Htoclt,

{Sixth

Avenue

J^toclc

and

tSerip,
Dry Dock

FOR SALE

H.

L.

GRANT,

also my quotations of

See

145

Stocli

and

£Sci*ip,

BY

Broadway,

New

York.

City Railroads in the “Commercial and Financial Chronicle.”
.

!
Par.

Bicker St.& Fult.F.—Stk

100

let mort

Br'dway
1

100

1,000

...

Ci y—Stock

10

let mort..
fik'lyn Crosstown—Stock
1st mo: t. bonds

1,000
100

1,000

Cent.Pk.N.&E.Riv.—Stk
Consol,

100

mort. bonds

1,000

Ckrlst’ph’r&lOth St—Stk

100

Bonds
...i 1,000
Central Crosstown—Stk.
100
1st mort
:
1,000
hryDk.E.B.* Rat’y—Stk:
100
Is: mort., consol
500
j
I

This column shows




100

s

|

Amount. Period.

:

$900,000 J.
700,000 J.

1,000 |

A 7th Av.—Slk.

si mort

Brooklyn

*

RAILWAYS.

12,100,000

1,500,000
2,000,000
800,000
200, U00
400,000
1,800,000
1,200,000
;
650,000
250,000
!
6UO.OOO

A J.
<fc J.

Q.-J.
I. A D.
Q.—F.
J. & J.
A. AO.
J. A J.

Q.—J.

&
7
2
5

*

Date.*

Bid.

34 July, 1834 24 *2 25*2
July, 1900 109*2 111
Oct., 1884 170
176*2

Jnne.1904
3*2 Aug.,1884
5
Jan., 1902
4
Oct., 1834
7
Jan., 1888
2
Oct., 1884

102
218
106
155
105

139

J. A D. 7
Dec., 1902 118*2
F.ifc A. 2*v Aug.,1884 132
A. AO. 7
Oct., 1898 110
Q.-J.
1*2 Oct. 1884 146
i 250,000 M.&N. 6 Nov.,1922 111
.1,200,000 Q.-F. 4
Aug.,1884 192*2
! 900,000 J. A D. 7
June,1893 114
1.200.000 p. A A.
Aug.,1914 103 V?

lastjdividend

Ask.

....

on stocks,

105
220
110
160
112
142

Par.

42d A Gr’nd
1st mort

St.F’ry—Stk

Eighth Ave.—Stock
Scrip

135
116
152

IIoust. W.St. AP.F’y—Stk
1st mort...:
Second Ave.—Stock
3d mort
Consol
Sixth Ave.—Stk
1st mort
Third Ave.—Stock
1st mort

113*2

Twenty-third St.—Stock.

119*2

195
116*2
106

1st mort
Ninth Avenue

and date of maturity of bonds.

100

1,000
100
100
100
500
100

1,000
1,000
100

1,000
100

1,000
100

1,000
100

Amount.

Period.

Rate.

*

Date.*

Bid*

$748,000 M.&N. e
236,000 A. A O. 7
2*2
1,000,000 F. A A. 6
250,000 Q.-F. 2
500,000 J. & J. 7

May. 1884 240
Apr., 1893 111
Oct., 1884 240
Aug., 1914 105
Aug.,1884 135
July, 1894 1U
1,862,000 J. A J. 5
July, 1884 195
A.
A
O.
7
150,000
Apr., 1885 100*»
1,050,000 M.&N. 7
May, 1883 105
1,500,000 M.A S. 10 Mar., 1884 160
500,000 J. A J. 7
July, 1890 110J
2,000,000 Q.—F. 4
Aug., 1884 2851
2,000,000;j. A J. 7
Jam, 1890 111
4
600,000! F. A A.
Aug.,1884 173
250,000: M.&N. 7
May, 1893 110

1,000,000 Q.—J.

800,000,

100

Ask.

265
116
260
110
150

113*a
200
102
106
115
305
113
178
113
102

STOCKS AND BONDS.

MISCELLANEOUS

90
Subscribers will confer a

great favor by giving

DESCRIPTION.

explanation of column

first page

Date

headings, Ac., see notes on
of tables.

American Coal
American
American

of
Bonds

par
Value.

(Maryland)—Stock

1882

guar. 5 by

author’d)..

Boston Land—Stock
Boston Water Power—Stock

$2,800,000)
Company—Stock
Mortgage bonds, gold, sixes (for $2,500,000)
Central New Jersey Land—Stock
Central & South American Telegraph—Stock...
Mortgage bonds (for

Canton

Colorado Coal d Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible

Rate per

When

Cent.

Pay’ble

'645.000
14,000.000
1,500,000
2,400,000
18,000,000
3,000,000
10,000,000
800,000
4,720,815
2,148,000
717,875
323,000
2,231,900

1,000

1884

10
50

1874

-

1,000
100

1874
....

1864
1872

1,000
100
ioo
100

212

100

10,250,000

1,000
1,000

270,000
752,000

500,000
10,000,000
5,000,000

1,000

250,000

100

4,400,000

1,000

161,000
1.194,000

Min ing—Stock

1875

Maryland Coal—Stock
....

Teicgraph—Stock

100

A J. N. Y.,

Company’s Office. July 1, 1884
Dec. 10,
Jan. 1,

New Y’ork.
do

A ,T.

1883

1904

....

10 8.
7

12, 1872
June, 1884

Nov.

Boston, Office.
do

....

J.

A D
....

.

6 g.

J.

J. A

7 scrip.

Jan.

New Y’ork or London.

1, 1904

Jan., 1875

....

....

....

....

....

6 g.
2
7
6
6
3

F. A A.

N.Y\,Office,47 William St
N.Y., Co.’s Office,71 B’y

Jan. 27, 1882
do
do
Jan., 1885
A J.
Jan. 1, 1897
do
do
& J.
& O. N.Y., 19 Courtlaud 8t. Oct. 15. 1875
A J. N. Y., West. Union Tel. July 1, 1884
Aug. 1, 1884
Boston, Treas. Office.
Q.-F.
J. A J. N. Y., Mercantile Tr. Co. July 1, 1901

J.
J.
A.
J.

1

4,437,000

100
500
100
100

1881

J.

....

3,000,000

Y., Company’s Office.

Q.-J.

....

500,000

100

N.

....

O

3,500,000

1,000

Sept. 1. 1884
Oct. 15, 1884
Oct. 20,1885
Q.-M. N, Y., West. Union Tel. Sept. 1, 1884
N. Y., 110 Broadway. Sept. 10,1877
M. A S.

J.

3

4.066,000

Stocks—Last
Dividend.

Whom.

Boston, Compy’s Office.
do
do
A. A 0.

....

10,000,000

pal,'When Due.

Payable, and by

Cl.—J.

5

.

Where

Q-M.

2
3
6

9,602,100

25
100
100

1880

Cumberland Coaid Iron—Stock
International Ocean Telegraph- -Stock
Iowa RR. Land Co.—Stock
Iron Steamboat Company— Bonds
Mariposa Land <£•
Preferred stock
Mortgage bonds

outstanding.

ioo

WestU.

District Telegraph—Stock

Express—Stock
Bankers' <& Merchants’ Tel.—Stock ($10,000,000
Mortgage bonds, gold

Bonds
Mexicon

Size, or

Amount

100

Convertible notes of 1882
Tel. d Cable—Stock ($20,000,000)

Bonds—Princi¬

INTEREST OR DIVIDENDS.

'

Amer.

discovered in these Tables.

immediate notice of any error

$100 $12,000,000

Adams Express—Stock
American Hell Telephone—Stock

v0l. xxxix.

6

....

....

....

J.

1*3

Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906

New York.

A J.
....

7
4

....

J.

A J. N.Y.,

Company’s Office.

July 1, 1884

showing gross earnings of $4,126,000 and net $313,000 ; surplus over
Express.—No reports; no information.
fixed charges, $229,OOo, including receipts from royalties.
It will be seen from the statement of earnings and expenses that the
American Bell Telephone Co.—See report for the year ending
March 1, 18*4, in chronicle, V. 38, p. 478. Fiscal year-will end here¬ manufacturing departments were not profitable during the past year.
This was owing to the low prices for manufactured products which have
after on Dec. 31.
American Telegraph A: Cable Co.—Owns two cables between prevailed, to the high price of labo ,'and to the comparatively small
Seunon Cove, England, and Dover Bay, Nova Scotia, The stock of amount of our products that our markets, as yet, are ready to take.’
$10,000,000 was 70 per cent paid up. and in April, 18S2, a poolin • ar¬ Earnings and expenses were as follows:
Adams

“

rangement was made

by
wnile
working.
50
stock, increased to
bonds for $200,000. The

with the other cable companies for 3s years,

which this company receives 2*2ks per cent of combined revenues
both its cables are working and 12L> per cent if only one is
Tlitn this company’s cable'was leased to'Western Uniop for
years,
with a guaranty of 5 percent per annum on the

(V. 37. p. 594.)
American Coal.—There are mortgage
annual report for 1883 gave the following information:
Total assets December 31, 1883—Lands and real estate

$14,000,000.

at mines,
16.898; cash
loans, $51,240; wharf improv. at Jer.
§1,542,305
; realami
estatedemaud
at Jersey
City, $7,077; personal property at mines, $31,727; personal property
at wharves, $3,037; bills receivable, $49,953; accounts, $125,439;
canal boats, $20,500; value of coal on hand, $14,980; office furniture,
$610; Chesapeake & Ohio Canal bonds, $4,000; C’. A P. Railroad stock,
$1,000; G. C. A C. Railroad stock, $160,000; sinking fund, $15,335 ;
total, $2,144,924.
American District Telegraph.—No information lias been furnit-lied by this company. Notice was given of an increase in stock to
$3,000,000. the par of shares to be raised to $100.
Bankers9 A: Merchants’ Telegraph.—Organized March 23,
1881, under laws of New York State. Authorized capital. $10,000,000.
In Sept., 1883, this company negotiated for the control of the stock of
the Southern and the Am. Rapid Telegraph, making a practical consoli¬
dation of the three lilies. The following outline, published mu tticially,
the. Cukomi Li;, V. 39. p. 316: “ The American Rapid Telegraph
was in
Company is bon led for $3,OCo,000 and stocked for $:->,0do.00O. The
Southera Telegraph Company is bonded for $.’,500,( 09 and stocked
for
The line of the Bunions’ A Merchants’ from
$5,000,000.
New York to Phi’adelphiu is bondel for $290,000.
Tin- Bankets’
A Merchants own a majority of the stock of the Ru; id and the
Southern, ami a majority of the Bapnl bonds. 3 he 3. A M. owns 4,700
shares out of 9 20<» shares outstanding of the Commercial Telegiam
Company’s stock. The interest on the Rapid bonds wa> defaults d sept.
15, but foreclosure pr« ccedings cannot be begun for six months
The
bonds are not guaranteed by the Bankers’& Merchants’. Tt is learned
tl at all of the $lo 000,0(0 of first mortgage bonds of the Bankers’A
Merchants’ have practically been issued. About one-third were sold and
the bu ance have been hypothecated or given in payment for construc¬
tion ami supplies, or as security for the same.
In July. 1881, combina¬
tion for joint working made with Postal Tel. Co. and Balt & Ohio Tel.
Co., but the pool was broken up, as in September the B.A M. Co. failed to
meet obliga ions, and Richard S. Newoombe and J unes G. Smith were
appointed receivers.
(V. 37, p. 151, 167, 266, 502,640; V.38,p. 29,
202, 350, 447, 707; V. 39, p. 71, 129, 263, 296, 316, 348, 381.)
Boston Land.—The capital stock of 80,000 shares of t he par value
of $10 each, or $800,000.
Operations and assets Jan. I, 1884, shown
iu the annual report in V. 38, p. 136.
(V. 36, p. 107; V. 38, p. 136.)
Boston Water Power.—1The shares have strictly no par value.

City, $100,710; miiiS improvements,

STATEMENT OF EARNINGS AND EXPENSES.
Cost of product’n
Gross
and general

earnings.

the

Total income

called “ proprietary” shares, or the number into
of the company is divided. The assets consist
and near “Back Bay,” in Boston, putin the com¬

mainly of lands on
pany’s report at a valuation of
In 1883 considerable sales
of land were made and bonds reduced accordingly.
Canton Company (Balt.).—The capital stock in 1853 was made
50.000 shares, par $LoO of shares nominally, hut practically only $16 25,
and was afterward reduced by purchases and cancellation to 44,300
shares. A brief history of the company was given in V. 30, p. 117.

$4,428,1*41.

the stock of the Union RR. Co. and guaranteed
the Northern Central RR. in
April, 1882. for $594,000. The Union RR. sinking fund of $689,885
remained the property of Canton Co., but is held by the trustees till
owned

sold this stock ($600,000) to

bonds have been

paid off at maturity.

Improvement.—The statement for
1883, showed total receipts in 1882
of $91,944 and in 1883 of $94,771. The balance sheet December 31,
1883, gave the following values of lands owned: Newark lands, $262,199; Bergen, $565,855 ; Elizabeth, $164,950; Westfield, $26,307; Fanwood, $478,408; Plainfield, $336,326; Dtmellcn, $346,048; Somerville,
$77,861; Clinton, $4,780; Bloomsbury, $26,345; Phillipsburg, $1,500;
total, $2,290,582.
Bonds, Ac., $22,084; land contracts, $10,747.
Central A South Am. Telegraph.—Line from Vera Cruz, Mex¬
ico, to Lima, Peru, with branches. 3,160 miles of cable and 300 miles
of land lines. Completed November, 1882.
Connects at Jama with
West Coast Tel. Co. of America, having 1,700 miles of cable to Valpa¬
raiso, and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000,

Central New Jersey Land
two years eliding December 31.

James A. Serymser, Frost., N. Y.
Colorado Coal A Iron.—This company, with
orado Springs, Col., was a consolidation Dec. 13,
Colorado Improvement Co., the Colorado Coal A
no

bonds.

headquarters at Col¬
1879, of the Central
Steel Works, and the
Southern Colorado Coal A Iron Co. The company was controlled in the in¬
terest of the Denver & Rio Grande Railroad. Stock is nou-assessable.
An abstract of therepoit for 1**3 was hi the Chronicle. V. 38. p. 261.




6,743

$153,932
125.924

.

4,151
22,555

6,743

$313,307
4,812
6,738
31,117

$3,808,838

$355,975
$9,803
20,985
186,635

-

Less discount on 1). A R. G. Railway
Less interest, discount and exchange
Less interest on bonds

property

The company
its bonds, but

2,361,559
139,765
17,840

Totals
$4,122; 145
Discount on bonds bought, for sinking fund
Premium on D. A R. G. bonds sold
Interest from investments

There are 85,833 shares

which

$9o 1,905
387,768

Coal department
$1,055,837
Coke department
513,693
Iron and steel department.. 2,365,710
Iron mines department
139,765
Real estate department ... .
40,395

Miscellaneous earnings, Ac.

Net
earnings.

expenses

Co. bonds sold
....

$217,424

$133,551

Net surplus for 1883
Sales of real estate for the year amounted to
In the real estate department the earnings are

$38,145.
wholly from rentals of

houses, lands, Ac., containing no receipts from land sales.
—(V. 36, p. 650; V. 33, p. 261, 291, 358, 379, 423.)
Consolidation Coal.—The annual report for 1883 had

the following:

receipts from mines, railroads, rents,
1882.
Ac., (iucl’g value of st’ckof coal on hand) were. $1,714,213
Tot. expen’s of every kind (excl. of int. & sink, fd.,
1,637,601
but inch steel rails A all extraordin’ry outlays)

The gross

Net receipts
The int. amt sink.

$76,612

1883.
$1,750,591
,

1,514,858
$235,733

fd. in 1883 took $175,416; balance, surplus, $60,317.
held to retire old bonds. This com¬

Consolidated mortgage bonds arc

of the Cumberland & Pennsyl¬

pany guarantees also 2d mortg. bonds
The
vania, and assumes $135,000 of the Union Mining Co.’s bonds.
total bonded debt on lands and railroads is $2,501,500. (V. 38, p. 293.
International Ocean Telegraph Co.—The Western Union Co.
operates the line by contract for 99 years from. Jan.
per cent per year on stock.
'

1,1882, paying 6

Railroad Land.—The total land owned was 65,328 acres
(V. 36. p. 707 ; V. 38. p. 678.)
Iron Steamboat Co.—Property consists of seven iron steamboats.
Bonds and stock listed ill June, 1882. Stock, $2,000,000.
Mariposa Land A Mining.—There arc outstanding only 15,000
shares the balance being owned by company.
Litigation is in progress.
Maryland Coal Co.—The annual report for 1882 in Chronicle,
V. 39. p. 705, had the following: “The Cumberland coal industry of
Maryland has been the one great exception, for the past eight years, to
the general growth that has characterized the operations of nearly all
the available bituminous districts.”
* * *
“Organized labor dictated its own terms, and in the absence of a com¬
mon interest and combined action on the part of the producers, enforced
the payment of wages thirty per cent higher than those established for
similar labor in competing fields where work was more difficult and less
productive.” * * *
The construction of the George’s Creek & Cumberland Railroad was de¬
signed to connect the mines of the company, and others centrally situ¬
ated in the George’s Creek Valley, with the Chesapeake A Ohio Canal
and the Baltimore & Ohio Railroad at Cumberland, and with the Penn
sylvauia Railroad system at the Pennsylvania State Line. A better union
of interests among the mining companies was effected than ever before
prevailed, “ and in the spring of 1882 measures were adopted by all the
operators of the field to equalize the prices paid for mining and other
labor with those prevailing in competing fields. A suspension of opera¬
tions throughout the regions for about five months resulted, and termin¬
ated in August iu an acceptance by the employes of the wages offered.”
*
*
The business of 1882 included total shipments of 97,777 tons.
The profit and loss account in 1882 was as follows: Balance Jan. 1,
1882. $16,780; balance credit coal account, $24,885—$41,666. Ex¬
penses-interest. $7,091; interest on bonds, $11,270; taxes, $7,481;
salaries andexpenses,$13,121; legal expenses. $501— $40,276; balance
Iowa

March 31. 1883.

“

•

Jan. 1, 1883,
Mexican

$1,389.

Telegraph.—Galvestou to Tampico and Vera Cruz; land
line, vT’-ra Cruz to Mexico City, lias exclusive right for 50 years for all
foreign telegrams to Mexico, except telegrams to and from a neutral
zone on the U. S. border 156 nnle3 wide, between the Gulf and Pacitio
Ocean. Company owns 1,362 shares of the Cent. A So. Am. Tei. Co. Reve¬
nues in 1883, $233,040; oper. expenses. $58,094; dividends 8 p. c., $105,146; surplus, $69,793. Jas. A. Serymser, Prest., N. Y. (V. 36, p. 140.)

MISCELLANEOUS

October, 1884. J
Subscribers will confer a

great favor by giving

explanation of column headings,
page of tables.

&c., see notes on first

New Central Coal—Stock
N. Y. Mutual Telegraph—Stock, guaranteed 6
1st mortgage bonds, gold, guar, by West.
New York dk Texas Land < Limited)—Stock
Land scrip receivable 75 per cent for lands
Debentures, registered
New Yoi'k dk Strailsville Coal dk Iron— Stock

Date
Size, or
Par
of
Bonds Value.

per cent

—

1881

1,000

322,515
1,500,000
2,500,000
1,180,000

100
50

Oregon Impi'ovement Co.—Stock
1st mort., gold, sinking fund
Pacific Mail Steamship—Stock

1880

Too

7,000,000

1,000

4,852,000
20,000,000

100
50

discovered in tliese Tables.

Botuts—Princi¬

100

sterling debenture
Quicksilver Mining—Common stock
Preferred 7 per cent stock, not cumulative
Bonds,

Railroad Equipment Co.—Stock (for $1,500,000)
Coupon bonus. (See remarks below.)
St. Louis Bridge dk Tunnel RR.—Bridge stock, common...
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel RR. of St. Louis, stock, guar

Var’s.

,

820,000
955,000
49.500

£100
100
100
100

5,708,700
4,291.300
900,000
4,102,000
2,500,000
2,490,000
3,000,000
5,000,000

1,000
100
100
100

1879

1,000

1883 showed net

credit Dec. 31, 1883, of

Telegraph.—The Mutual Union Telegraph
York stare laws. Stock was $600,000 and
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Union for 99 years was agreed to at 1*2 per cent yearly dividends on
thestock and interest on the bonds. The organization was changed to
the New York Mutual Telegraph Company and the stock was reduced to
$2, 500,000, carrying dividends of 6 per cent per annum. (V. 36. p. 30,
162, 197, 252. 358, 390, 510, 537 ; V. 38, p. 30, 115.)
New York Ac Texas Laud—This company took the lands granted
to the International and Houston A Great Northern railroads, about
5,000,000 acres, which were given in settlement to the holders of con¬
vertible and second mortgage bonds. Up to Oct., 1883, it was reported
that about 1,500,000 acres had been sold (largely to the Francklyn
Syndicate) and half of the $6,000,000 land scrip retired, the holders
being secured by debentures given by the purchasers of the land and de¬
posited intrust. This would leave about 3,500,000 acres of land unsold.
In Dec., 1883. the company called for proposals from scrip-holders to sell
to the Co. and receive pay inland notes.
(V. 36, p. 536; V. 37, p. 640.)
New York Ac Struttsville Coal Ac Iron.-Has $300,000 bondsThe stock admitted to New York Board April, 1880.
Northwestern Telegraph.—This company owns 8,000 miles of
wire and is leased to Western Union for 99 years, with guaranteed divi¬
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in
New York Mutual
Co. was organized under New

pal,When Due
Stocks—Last

and by

Dividend.

Feb. 12,1884
July 15, 1884
May 1, 1911
Sept., 1883

"l

1900

1
2
7 g4

9 g

J.
J.
M.
J.

4
,

& J. 'N. Y.,West. Un. Tel. Co.
do
do
& J.
& 8.
& D N. Y., Fanners’ L.&T.Co
N.

Q.-F.

6

April, 1880
July 1, 1884

New York.

M’nthly

1*4

Y.,

lii

Jan. 1, 1904
Sept. 15, 1883

Broadway.

Dec. 1, 1910
Nov. 1, 1884

Aug. 1, 1884

N. Y. Am. Exeli. Nat. Bk.
N. Y., Farm L. & T. Co.' Nov. 15,
Feb. 15,
do
do

0

1884
1887
do
do
Aug. 15, 1892
Oct. 15, 1888
do
do
A. & O.
A. <fc O. Lond’n, J.S.Morgan&Co April 1,1885
May, 1882
Feb. 26, 1884
Q.-F. N, Y.t Clark, Post & M. Aug. 1, 1884
Various.
do
do
Quar’ly

2Lj
1*2
7 g.
3

J.
J.
A.
J.

Q.-F.

2

8
8
7
7 g.
40c.
3

2^

Q.-F.
Q.-F.

'

1,250,000

Central Coal (Hid.)—The annual report for
profits for year of $50,125; and balance to
$325,040. (V. 36; p. 706.)
New

1,000
1,000
1,000

Where Payable,
Whom.
Payable
When

New York, Oltiee.
New York.
M. & N. New York, 1st Nat. Bk.

1

3
6
10

5,000,000

7,000,000
3,000,000
15,924,800
445,000

($21,000,000)
1872
1872
1878
1875

Rate per
Cent.

$5,000,000
2,500.000
5,000,000
1,500,000
3,133,200

50

guaranteed...

Pennsylvania Coal—Stock
Postal Telegraph dk Cable Co.—Stock
let mortgage (for $10,000,000)
Pullman Palace Car—Stock
Bonds, 3d series
Bonds, 4tli series
Bonds, debenture

Outstanding

25

Tetegraph—Stock

Bonds, interest

Amount

$100

Union

Northwestern

immediate notice of any error

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

91

STOCKS AND BONDS

Pennsylvania

& J. N. Y., Drexel, M. & Co.
do
do
<fc J.
& O. New York and Loudon.
& J. N. Y\, Drexel, M. & Co.

July 1, 1884
July 1, 1884
April 1, 1928
Jan. 1, 1884

Coal.—Liabilities at a minimum, and 16 p. c. divs.

paid.
Postal

Telegraph Ac Cable—Lines to

extend from New York to

New York to Boston, Buffalo to
and Chicago to St. Louis, most of
which were iu operation on Jan. 1, 1884. Of the stock $7,000,000
is
outstanding, $12,000,000
is held in trust, and balanoe
remains in treasury.
The
Mr. J. W. Mackey is the President.
name of the Postal Telegraph Co.
was changed November, 1883.
(See V. 37, p. 564). The following account was given of the change in
the organization:
'‘The Postal Telegraph Company has sold all its
property and franchises to the Postal Telegraph At Cable Company,
which was recently organized under the laws of this State expressly for
this purpose. The deed of conveyance, which was recorded this week,
states the consideration at $10,498,509. The transfer is merely the
fulfilment of a plan which has been under consideration for some time
for reducing the capital stock of the eompanv and for correcting certain
legal irregularities ini the organization and conduct of the original com¬
Chicago, New \ork to Washington,
Pittsburg, Fostoria, Ohio, to Toledo,

secured control, they discovered that
acted in strict conformity
that
vitiate the company’s charter,
made to
with this
pooling of receipts'was made with Bankers’ A .Merchants’ and the Baltimore A Ohio
Telegraph companies, but the B. and M Co failed, and the pool was dis¬
solved.
(V. 37, p. 175, 235, 321,424, 561 ; V. 3 s, p. 31,707; V. 39, p.

pany. When the present owners
the previous management had not always
with the State laws, and while their counsel were of the opinion
the irregularities were not sufficient to
it was decided to organize a new company. The conveyance
the Postal Telegraph A Cable Company was in accordance
decision. In July. 18*4. a contract for joint working and

The bond interest is guaranteed.
Improvement Co.—This company owns $3,000,000 stock 71,129, 402.)
of the Seattle Coal «fe Transp. Co.; $575,000 stock of the Columbia A
Pullman Palace Car.-Thestock has been increased from time to
Puget Sound RR.; $1,969,000 stock of the Pacific Coast S. H. Co.; time to
provide new capital, as wanted, since the price ruling above
170,000 acres of lands, and other real estate.
Floating debt July 1,
1884, $981,000 (see balance sheet, V. 39, p. 182). For year ending Nov. par, gave a bonus to stockholders when subscribing for new stock.
Annual report for year ending June, 1884, in Chronicle, Oct. 25,
30, 1883, gross earnings were $4,161,06 i; net, $342,044. For nine 188 1. Income account for t hree years was as follows:
months from Nov. 30, 1883, to Sept. 1, 1884. gross earnings were
1881-82.
1882-83
1883-84
$2,535,74-9 ; net $521,594, against $2,899,954 gross and $888,517 net
Revenue—
$
$
$
tor same time in 1883.
(V. 30, p. 253; V. 37, p. 5(53, 720; V. 38, p.
Earnings (leased lines included)....... 2,815,986 2,946,277 3,424,279
30, 115, 332, 595, 731; V. 39, p. 48, 182. 234, 349, 436.)
605,596 488,231
582,231
Pacific Mail Steamship.—The Pacific Railroads give to the steam¬ Proportion of earnings other assoc’iis.
Patent royalties and inanuf. profits...
543,947
339,321
528,256
ship company a monthly subsidy of $95,000 per month, and six months’ Protit ami loss
13,116
notice is required to terminate the agreement. The annual report for
fiscal year ending April 30, 1884, was in the Chronicle, V. 38, p. 645.
The following is a statement of the earnings and expenses for the
Total revenue
3,737,538 4,093,215 4,456,457
years ending April 30, 1882, 1883 and 1881:
Disbursements—
EARNINGS.
976,380
1,110,932
917.308
1883-84.
1882-83.
Operat’g expenses (leased lines incl’d)
1881-82.
205,455
217,634
207,156
1897 and

afterward.

Oregon

$693,065

Atlantic Line
Panama Line
Traus-Pacitic Line

1,675,777

1,058,370
334,870
208,931
90,463
8,000
13,663
37,698
3,876

Australian Uno.
Austral’n&N. Zealand subsidies..
Cent. Am. A Mexican subsidies —
Hawaiian Government subsidy...
Interest and divs. on investments.
Miscellaneous

Exchange

$4,124,713
3,223,036

Total

Expenses

$799,767

$991,091

1.844.462
715,732
353,200
173,980

1.790,927
1.251,762
369,288
180,190
105,500

102.8 0

27,766

5,500
14,091
45,666

61,616

33,278

$4,102,764
3,190,507

$1,787,899

5,500
17,941

3,394,419

upholstery, Ac
Prop’ll of expenses, Ac., ot her assoc’iis
Rental of leased lines
Coupon interest on bonds
Maintenance of

Dividends on capital
Profit and loss...;

Total disbursements
Net, result
Balance of account for rebuilding,

Balance of
-

Net earnings
The following is a
on

statement of the
April 30, 1882, 1883 and 1884 :

$901,677
$912,257 $1,393,480
financial condition of the company
l4-82.

Cost of steamers
$11,971,158
Real estate and improvements—
1,079,513
Coal supplies, Ac
450,072

512,328

Sundry assets

7,671,576

Profit and loss

1883.

1884.

$12,382,159 $11,266,815

1.079,513

369,774
264,947

7,198,895

1,079,513
478,301
1,286,981
7,076,209

$21,684,647 $21,295,288 $21,187,819

Total

LIABILITIES.

Capital stock
San Francisco—Unpaid hills
New York—Unpaid bills

$20,000,000 $20,000,000 $20,000,000
20,166
28,926
72,153
76,793
65,396
44,167
838,944
1,0L3,528
1,212,632
71,546
80,576
76,123
1,404
1,404
1,404

surplus for the year

(V. 37, p. 424,

Quicksilver

175,702

136,556

264,000
171,074

264,000

1,235,142

171,466
1,339,621
35,733

2,597,866 3,039,932 3,263,763
1,139,672 1,053,313 1,192,694
128,136
Ac.

1,011,536 1,053,313 1,192,694
V. 39, p. 202.)

415 ; V. 33, p. 230, 2 17 ;

Mining.—Bonds paid off July, 1879. The preferred
cumulative, and any surplus

entitled to 7 p. ct. pm* annum, not
goes to the common and preferred equally.
stock is

ASSETS.

stock

148,427
264,000
169,043
870,937
20,995

Co.—This company leases equipment to
plan, taking obligations of the railroad com
panics running not over ten rears at the utmost, which cover the princi¬
pal and interest of the special series of bonds issued by the Equipment
Co. running for similar periods. The title remains in the lessor till last
Railroad Equipment

railroads on the “ Car Trust”

railroad. In the

payment is made, and then vests iu the purchasing
meantime the title is held in trust for bondholders and
virtually a mortgage on the rolling stock, till paid off.

the bonds ar

railroad and tunnel
Foreclosure under
Dec. 20, 1878.
Panama RR. Co.—Loans
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Do.
Traffic account
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
Unclaimed dividends
11,470
27,104
Coal freights
porate charters, on the terms following, viz.: Of the stock $2,490,000
66,200
47,126
6,082
1st preferred, by the terms of the lease, is guaranteed 5 per eeut till Jan¬
John Pine A Co (coal)
184,174
uary, 1885, and then 6 per cent; $3,000,000 2d preferred is guaranteed
Agents’ balances
25,980 3 per cent per annum, the first semi-annual payment being July 1,
17,460
20,1(41
Due connecting steamship comp’s.
36,054 1884. The RR. stock of $1,250,000 is guaianteed 6 per cent a vear.
25,009
23,642
Passage credits and orders
1,590
10,686 The whole annual charge for rentals is $670,000, one-half payable by
1,516
Panama drafts
513
5,752
Missouri Pacific and one-half by Wabash. The common stock was held
11,093
Miscellaneous
33,533
1,503
by the London Reorganization Committee, and under the lease was
Suspense
transferred to Mercantile Trust Company of N. Y. with power to vote
Total
$21,684,647 $21,295,288 $21,187,819 thereon. The Tunnel Railroad stock is guaranteed 6 per cent per an
num.
(V. 38, p. 295.)
-(V, 36, p. 621; V. 38, p. 480, 630. 645 ; V. 39, p. 72, 436.)




,.

,

Louts Bridge Ac Tuunel Railroad.—The
sold under the mortgage of 1873, July 1, 1878.
the first and second mortgages on the bridge was made
St.

were

Subscribers will confer a

immediate notice of any error

great favor by giving

)

DESCRIPTION.
For

Date
Size, or
Par
of
Bonds Value.

notes on first

explanation of column Leadings, Ac., see
page of tables.

50
500 &c.

1880
1876

Plain income bonds

Tunnel—Stock
Mortgage bonds (for

--

1,000

1872

1,000

1

£100&c

i

of 25,000

$7,660,350

$6,610,436

$1,798,473

$5,199,124

$5,599,179 '
472,350

in capital to

30

of

Quarter ending September 30—
1884.

(Estimated.)

$40,00 ' is deduced for cash

$3,841,715

$4,403,059

returned to the company by the sinking

39. p.
for the fiscal years ending June 30. The
and profits were as follows:

From the annual report
408, the following was given
revenues, expenses

$143,162

$246,190
4,157,40.)

3,698,553

fund trustees.

published m the Chronicle, V.

GEORGE

(end of year)

1,994,314

498,916

*31,979.667

$3,658,551

$4,157,169

Wall

St.,

Miles of No. of
Year. Poles & C'bl’s. Wire. Offices.
75,686 2,250
37,380
85,291 2*565
46,270

Messages.

.

50,183
52,099
54,109

56,032
62,033
65,757

71,585
72,833

73,532
76,955
81,002
82,987

97,594
104,584
112,191
121,151
137,190
154,472
175,735
179,496
183,832
194,323
206,202
211,566

’ 5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
11,456,832
16,329,256

3,219
3,607
3,972
4,606

5,237
5,740
6,188
6,565
7,072
7,500
8,014
8,53 4
233.534 9,077
327,171 10,737
374,368 12,068
432,726 12,917

COMPANIES’

85,645
1880-81..110,340
1881-82..131,060
4
188 :-84.. 145,037 4 50.571 13,761
(V. 37.p. 295. 376, 397, 668; V.
-

V.

39,

p.

$

29,215,509

Profits.

Receipts.
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448

8,457,095
9,333,018
9,262,653
9,564,574
10,034,983
9,812,352
9,861,355

12,782,804

32,500,000 14,393,543
38,812,247 17,114,165
41,181,177 19,454,902
42,076,226 19,632,939
38, p 332. 425, 417, 510,

2.624.919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833.937
5,908,279
7,118,070
7,660,350
6,610,435

635, 707;

297, 408, 43 70*

&

CO.,
Securities, and also

York and ti08 Montague St., Urooklyn.

New
STOCKS

$498,916

$3,658,553

17,153,710
181729,567
21,158,941
23,918,894
25,070,106. 10.960,640

W. W. WALSH.

GEORGE H. PRENTISS, Member of N. Y. Stock Exchange.
GAS

$6,111,520

to Juno 30. 188 4:
Miles of

PRENTISS

H.

1,852,408

Brooklyn and New lork CJa* and City Railroad Stock* and Local
all Securities Dealt in at tlie New York Stock Exchange.

Dealer* in

49

*104,000
$1,046,000
1,399.810

.

Surplus of September 30
*

$1,750,000

$1,542,946
1,399 781

$127,259

$5,666,036
$1,994,314
$1,664,240

$315,425 was appropriated from this surplus for construction and
properties.
The annual report for the year ending June 30, 1884, was in the
Chronicle V. 39, p. 108. The general results of operation as given did
not make a favorable exhibit as compared with the previous year, but
the report is better than its predecessors in giving particulars of the
expense items as follows: For operating and general expenses, $9,278,761; for rehtals of leased lines. $L,8 12,690; for maintenance and re¬
construction. $1,350,447; for taxes, $301,077; for equipment of offices
and wires, $219,528; total expenses, $13,022,503.
The balance, from the date of the general consolidation—July 1, 1866,
showed the nominal surplus to June 30, 1884, of $21,032,287, out of
which the stock dividend was declared in 1381 to the amount of $15,526.590, leaving a nominal balance of $5,555,697.
The following statement shows the mileage of lines and wires, number
of offices, and traffic of the company, for each year from Jline 30, 1866,

Is 83.

20,000-

$5,265,66 2
$1,852,408

39,991

new

the quarter ending Sept. 30,1984 (partly estimated),
follows, compared with the actual figures for same quarter in

$104,000

4-6.818
40,094

*

The statement for

Surplus for the quarter
Add surplus of June 30

profits for year

Total nominal surplus June

$14,000,000.

126,420

profits

Surplus July 1 (begin’gof yr.)..
Balance of

(Actual.)

427,091
40,098

sinkiug funds

For

Total disbursements

$1,669,366

1883-84.

1-82-83.

1881-82.

$7,118,070

facilitating mining

the

percent

6 g.

M. & N.
M. & N.
M. & S.

Profits
Disbursements—
For dividends
For Interest on bonds

October, 1883.
The Mutual Union Telegraph made an opposition line, but in February,
1883, a lease was agreed upon. The Western Union also leases
Amer¬
ican Cable, with a guarantee of 5 per cent per annum on its stock

Net income
IjCss di' itlend, lfy

rr
*

13,022,504

graphing business in the United States. In 1870 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 ner cent to stockholders of record June 20, 1879.
On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $80,000,000. giving par. or $15,000,000. for the stock
and bonds of the American Union ; 60 per cent for old Atlantic A Pacific
stock was given in new Western Union; And a stock distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and the stock
dividend was finally held to be legal by the N. Y. Court of Appeals in

20,000—

7 &•

11,794,553

Balance of

$106,420

Q.-J.

Aug. 15, 1884
July 15, 1884
LOct. 15, 1884
July 15, 1902
N. Y., Union Trust Co.
N. Y., Treasurer’s Office July 16, 1900
London, Morton, R.& Co March 1, 1900

$19,662,940

consolidation with
monopoly of tele¬

Sinking fund

& J.

J.

ls4

Jan. 1, 1891

Loudon.
New York, Office.
New York, Office.
New York, Office.

Q.-F.

1
4

1896

$L 9,454,903

Western Union Telegraph.—On the practical
the Atlantic & Pacific in 1878 the Western Union had a

Net revenue
Deduct—
Interest on bonds

1188675--0792340..; 9

Oct. 1,
.........

....

$17,114,166
9,996.096
Expenses (inclu. rentals, <fcc.).

United States Kxpresw.—No reports.

1883:

April 1, 1894

*

Revenues for the year

Y.

Wells, Fargo Ac Com pan v Express..
$6,250,000 was made in 1870. No report.

New York.

Feb.

7
6

j

Sterling Iron Ac Railway.—The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists
acres of laud, with furnaces. &c., having a capacity of 15,000 tons of
pig iron per year, and S1^ miles of railroad, houses, &c. The company
endorses the $471,674 bonds of the Sterling Mountain RR. A. W.

-An increase

July, 1884

l

1

Sutro Tunnel.—Tunnel on Comstock Lode for
operations.

N.Y., West. Union Tel.

....

600,000

1875
1875

Dividend.

•

!

A. & O.

2 *2

7,000,000
6,250,000
80,000,000
1,373,000
4,920,000
921,456

100
100
100

Wells, Fargo d Company Express—Stock
Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p.ct. per annum)

as

Whom.

Payable

18,920,000

1879

$2,000,000)
States Erpi'ess—Stock

* Stocks —Last

When Where Payable and by

per

Cent.

495,575

1,000
10

Sutro

was

I Rate

$948,000
2,300,000
418,000

$25

!

Telegraph—Guaranteed stock
Sterling Iron d Railway.—Stock
Mortgage bonds, income, series “B”

Humphreys, President, 42 Pine Street, N.

|

Amount

Outstanding

discovered in these Tables.

INTEREST OR DIVIDENDS.

i

Southern d Atlantic

United

j

fVoL. xxxix.

BONDS

MISCELLANEOUS STOCKS AND

92

BROOKLYN

AND BONDS.

CITY

RAILROAD

STOCKS

AND BONDS.

—

Par.

GAS COMPANIES.

5

Period

Amount.
;

I

w

Date.
*

J
! Bid.

Ask.

RAIL BOA D

GO’S.

Amount.

Date.

Rate

l’ar.

Ask.

Bid.

;

1,000

Bonds
Harlem

50
20
50
100

Jersey City & Hoboken..
Manhattan

Metropolitan

1,000

Bonds
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)

100
1 000
25
Var’s
100
10

Scrip

New York

People’s (Bklyn.)

1,000

Bonds

Var’s

Bonds

i

50

Metropolitan (Bklyn.) ..J
Municipal

100
100

Williamsburg
Bonds

Bonds
Fulton Municipal
Bouds

Equitable
Bonds




! 1,000
1,000
100

Var’s
: May 1,’84
Var’s
July 1, ’84
259,000! A. & O.
2,000,000 F.& A 3 [Aug.
84
756,000 J. & J. 7^2 July 1, '84
5
.Oct.
Var’s
3,
’u'1
4,000,000’
Oct. 14
2,500,000' F. <fc A. 5
j90
7t >0,000; F.& A. 3 1
3,500,000 Quar. 2 4 Or1.10,’84
1902
1,500,000 M.&N. 3
2
1.000,000 Var’s
MAN.
2*2
700,000
4,000,000 M.&N. 5
1,000,000 J. & J. 3
400,000 M.&N. 3^2
iat',000 J. & J. 3
1,000,000 Quar. 2^2 Oct. 20’
1900
1,000,000 A.&O. 3
3
1,000,000
Oc
3,000,000 Var’s 5
1888
750,000 M.&N. 3 *2
3
Lit. 15,»
3,000,000
1900
300,0u0 J. & J. 6

139

25 :2,000,000
20 1.200,000

Brooklyn Gas Light

Citizens’ das-L. (Bklyn).

100 2,000.000
1.000 1.000 000 A. & O.

02

i.

190n

:

.

:

107
130
25
300
240
107
128
104
1.5
88
165
85
106
97
135
106
93
220
106
152
107
93
10*2

141
93
110
135
140

305
250

•

Atlantic Avenue

$700,000

Bonds.

500,000

Broadway

350,000

1st mortgage

250.000

2d niortgauo

100,000
200,000
200,000
300,000

Brooklyn Cross-Town.
131
106
120
05
167
H7
110
100
140
110
1 95
230
108
155
110
96
105

Scrip
1st mortgage

Brooklyn City
l»t mortgage

Brooklyn City & N’u

.

1st mortgage
Bushwick Avenue
1st mortgage

Conoy Isl’d & Brook’ln
2d mortgage
3d m. rtgage
Coiisoliuated
G'-andSt. & Newtown.

1st mortgage

Oct. 1, 1884
*
$50
1,000 5 & 7 Due 1885 & 1894
Oct. 1. 1884
3 Ei
100
Jan. & July, 1889
7
1,000
Jim. & July, 1889
3
1.000
4
10L
May 1, 1884
Jan. & J uly.
7
1,000

2

1,000

2,000,000

100

800,000
1,000,0: 0
400,000
500,000
400,OOt)

1,000

500,000
100,000
75,000

100
Loot
lot

1,001
lot.

125,000

1,000
1,000
1,000

170.000

100

175,000

1,000

155
110
•11 5

108

103
155
100
7
May & Nov., 1888 105
220
3 hi
Aug 1, 1884
105
5
Jan., 1902
90
Oct. & Aug.. 1890 1 i0
7
Nov. 1, 18H4
2
* 155
Jan & July, 1902 108
6
95
3
Aug. 1, 1884
Jan. & J uly, 1885 *00
7
Jan. & July, 1887 100
7
5
Jan. & July, 1903 100
95
July 1.1884
2 hi
Feb. & Aug., 1896 108
7
-

160
115
220
1 i2
106

165
L05
110

108
115
LUO
110
1U0

161
LOO
L12

STOCK

BANK
Companies.

Capital.

Mkd. tlius(')
are not Natl. Par Amount.

dates/

$

Period.

Latest.

1882. 1883.

....

...

.

....

.

*

..

..

....

..

...

tSept. 30. 1884, for National banks and Sept. 20,1884; for State banks.

The following is a list of the stocks and bonds of gas companies in
York and Brooklyn, writh details of interest, dividends, Ac.

Quotations for these will be found in the Commercial

and Financial

Chronicle each week.
Dividends and interest.
Gas Companies.

Par.

i Amount.

Manhattan

Metropolitan

Bonds
Mutual (N. Y.)
Bonds

Nassau (Brooklyn)

Scrip

New York

People’s (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent

Williamsburgh
Bonds

Metropolitan (Brooklyn)
uicipal
M

Fulton

nicipal

Date.

a

20 1.200,000 Various
1,000
259,000 A. A O.
5012.000,000 F. A A.
261 75 =.000 J. A J.
50 4,0c0,000 Various
100 2,500,000 F. A A.
1,000: 700,000 F. A A.
100 3,500,000 Quar.
1,000 1,50 ,000 M. A N.
25 1,000,090 Various
Yar’s. 1 700,000 M. A N.
100|4,600,000 M. A N.
10 1,000,000 J. A J.
1.0001 400,000 M. A N.
Var’s. 1
100,000 J. A J.
50 1,000,000 Quar. :
1,000 1,000.000 A. A O.
300 1,000 000
300 3,000,000 Various
1,000 750,000 M. A N.

309,000 J. A J.
100

2,000,000'

May, 881
Ju.y, 1884
3 l2 S. F., 1894
3
| a ug., 1884
3

7*2 July, 13S4
5
Oct', 1884
5
Oct., 1884
3

19i'J

2*2 Oct.. 1884
3
1902
2
Sep. 1884
2 Jo May, 1884
5
.May, 1884

3

June 1884

3*2 May, 1884
3l2 mt., 1884
2
.Oct., 188 4
3
3

!

1900

July, 1884
5% Oct.. 1884
3
;
1888
3

100 3,000,000

Bonds....

Equitable

Period.

Various 5

ight
glit (Brooklyn)
Gas-Liglit

Jersey City A Hoboken.

t»

...

100
30
50
17
10
100
100
50
50
25
100
15
50
100
50
100
30
20
40
50
50
100
25
50
50
50
50
50

Emjlire City.

Exchange...

Farragiit....

Firemen’s
Firemen’s Tr.
FranklinA E.
German Am.
...

Germania...
Globe

Greenwich
Guardian....
..

Hamilton
Hanover
Home
Howard

..

.

....

Irving
Jefferson.

.

.t

Kings Co.(t)

Kuick’bock’r

Lafayette (+)
Longlsl.O) t
Man.A Build.
Mech. A Trad

Mech’nies’ (+)
Mercantile
Merchants’..
..

Montauk(J)..
Nassau( *)....

Rutgers’
Standard
Star

..

.

153,000

200,000

200,010
200,000
204,000
150,000
200,000

This oolumn shows last dividend

of bonds.




6
10
1.2
12
10
110,060 10
264,812 30

50,838
17,234
111,226
1,000,000 1,985,010
817,897
1,000,000
200,000
200.000

14,686 5*2
111,174 10
1,000,000 777,25- 10
3,0< 0,000 1.663,133 10
500,000
19,138 5
200,000
150,000

200.000

4,203
281,681
108,656
91,610
59,884
1 <'3,627
141,691

200,010
150,000
210,000
150,000
309,000
200,000
200,040
250,000
200,000
200,000
204,000
200,000
200,000
210,900
200,000
500,000
350,900
200,000
200,000

6

Oct., 1884
:

i90o

*

on

slocks, and date of maturity

none.

10
20
uone.

10
10
7
67,066 11
82,501 10
19,871 7

151,659 5
73,246 10
165,16 < 14
72,611 10
340,503 8*2
70,109 10
324,200 14
98,766 8
375,735 16
74,7 0 12

10

10
10
3
2L>
10
20
6
10
10
6
10
10
3

7

7

100
25
25
10
50

350,O00:

W’msbg C.(t)

uone.

10

200,0001
250,0001

300,000,
250,000!

Aug.,’8 4. 5

Aug.,’84. 5

July,'’84. 5

Jtn.,’84. 31*

July, ’84.7*70
Oct.,’84. 7*«

J;in., ’84. 5

July.’84. 5
July,’84. 4

July,’84. 6
Aug.,’84. 4
July,’84. 5
Oct..’84.
July, ’84.
July.’8 4.
July.’84.
July,’84.
Jul v, ’8 4.
Aug.,’81.

14
10
12
10

10

July,’84. 5
July, ’8 4. 3
JuhV83. 5
July,’8i. 5
Jan., ’84. 3

July, ’84. 5

9
Id
8
10
8

10
11
7

6,072 none. none.
24,024 none. none.
11
127,012'10
10
226.094(10
10
202,563 10
1 20
433.428 20

5U0.000,

3
5
10
10

4
12

10
10

121,015

6

10
10
10
11

196,78610
6-6.160! 10
163,263 14

200,000
200,000

10

none.

1,000,000

7

July,’84. 3
Aug.,’84. 3*2
July,’84. 5
July,’84. 4
3*2 Jam, *84. 3ia
11
July,’84. 6
14
July,’81. 7
10
July,’84. 5
10
July,’84. 5
30
July,’84. 712
3
Jan.,’84. 3
10
July,’84. 5
10
July,’84. 5
10
July,’84. 5
none. July, '83. 3J«
none. July,’83.
2
10
Sept,’84. 5
20
July, ’84.10
6
July, ’84. 3
10
July,’81. 5

none.

50
25
50
100

5
5
6

6
7
10
8

3
7
12
5
5
12
13
10
10
30

202,943 16

4
7
5
6

5
5
5

July,’8i. 3i*
July,’31. 4

none.

4
10
10
10
20

Aug.,’84. 2
Aug ,’84. 5
Ju y, ’84. 5
July,’84. 5

July, *84.10

re-insurance, capital and scrip,
(♦) Brooklyn.

Ovmr all liabilities, including

t Surplus includes scrip.

CITY

HORSE

RAILROAD

STOCKS AND BONDS.
Dividends and interest.

Par.

Railroads.

i Amount.

1,000,

$700,000
500.000

1,000'

700.000

50

Atlantic Avenue (Brooklyn)..
Bonds
Bleecker St. A Fult. F.—Stock.
1st mortgage
:

100
100

Broadway A 7th Ave.—Stock

100

Date.
*

2
Oct.. 1884
5-7 1885 A ’94

900,000 J.

2,100 000

Rate.

Period.

J.

A
A

3* July, 1884

J.
J.

7
O

Q.-J.

/uly, 1900
Oct., 1884

5
June,1904
3*2 Oct., 1884

1,000 1,509,000 J. A D.

1 st mortgage
Broad way (Brooklyn)

350.000

7

1889
1889

2d mortgage

1,000
1,0001

2 0 000
100 900

1 st

1,00-9

3*2 Aug., 188 4
’,000 Q.-F.
800,0 .0 J. A J. f> Jan., 1902

1st

mortgage

1

st

6

10412.00

mortgage
Brooklyn City A Newtown

1*2
100,1,0 0,900
1890
1,00 ‘ i 404.000
lOOj 200,000 A. A O. 4 May, 1884

...

mortgage

4

Brooklyn Crosstown—Stock...
1 st mortgage bonds
Scrip
Bush wick Av. (Brooklyn)—Stk

1,000'

1,000:

300.000,J. A J.j

290,009
500,000

j

7
7
0

1888

Jan. AJ uly

loo:
Nov., 1884
Q.—F. :
1902
404,000 J. A J. 6
mortgage
j 1,000
100
600.000! Q.-J. ! 1 *2 Oct., 1884
Central Crosstown—Stock
j
1st mortgage
I 1,0 0
250,000; M. A N. 6 Nov., 1922
100 1.800 000 Q.—J. ! 0
Oot., 1884
Cent. Park N. A E. Riv.—Stock
Dec. 1902
Consol, mortgage bonds ... j 1,000 l,200,000iJ. A D. 7
100
650,000 F. A A. 2 *2 Aug., 1884
Christopher A 10th St.—Stock.;
1st

Bonds

'

1,040

1' O

Coney Island A Brooklyn
2d mortgage
3d mortgage

1.00 »
l.OoO

1,0*0

Consolidated

100
D. D. E. B. A Battery—Stock..
500 Ac
1st mortgage, consol

42d A Grand St. Ferry-Stock.
1st mortgage
Grand St A NewTown (Bk’lyni
1st mortgage
Houst. W. St. A Pav. F’y-Stk.
1st mortgage
Second Avenue—Stook
3d mortgage

Consol

1st

Tuis c >luum suows last

of bonds

1-85
18«7
1903

Q.—J.

Aug., 1884
Juue,1893
Feb., 1914
2*2 Oot., 1884
...

1914
190,1,000 000;F. A A. «>
100; 748,000 M. A N. 6
May, 1884
1,000; 236,00 A. A O. 7 Apr., 1893
100.
2*2 July, 1884
170,000

1,000;
100

500

17 >.000

F."A

A.

7

2
250,0u0 Q.-F.
500,000 J. A J.l 7

lOoi 1,862,000 I. A
1,00'* j
150,000 A. A
1,000; I,O'0,009 M. A

4,(MH)j

mortgage

1893

Aug., 1884

4
900.000 J. A D. 7

1,200,000 Q.—F.

J.'
O.j
N.|

*1001,50>,009 M. A 8.

...

Twenty-Third Street—Stock...
■

75,000 J. A J. 7
125,000 J. A J. 5

100.1,090,004

Scrip

Sixth Avenue—Stock
1 st mortgage
Third Avenue—Stock

250,000 A. A O. 7
3
500,000
100,099 J. A J. 7

IOO! 1,200,000;F. A A.

Scrip
Eighth Avenue—Stock

1st mortgage
*

55,798 7
72,279 8*2
83.187 12

isoiooo

Westchester.

July,’84.
July,’84.
July,’84.
Aug.,*84.
Aug.,’81.

429,936 ;0
210,000
174,285 LO
116,474 10
250,000
3*2
45,789 10
8*2
200,000
1,000,000 1,661,797 L4-70 15-05 15-40
15
15
678,319 15
300,000
300,000

200.000

Sterling

10
10
12
14
15
10
10
10

10
10
12
14
15
ilO
10
10

50

Stuvvesant..
Unit’d States

*

55.286 10
352,029 20
331,139 14
204,542 20

8
14
10
12

People’s

PheuLx(J)....

8J3

610,477

300,000
200,000

National....
37*2
N.Y. Eq’table 35
N.Y. Fire.... 100
50
Niagara
North River.
25
25
Pacific
Park
100
Peter Cooper 20

Last Paid.

1882. 1883. 1884.

$

$
400,000
200,000

GAS COMPANIES’ STOCKS AND BONDS. Brooklyn City—Stock

New

Bonds
Harlem

50
American!:..
Amer. Exch. 100
25
Bowery
Broad wray...
25
Brooklyn (J). 17
Citizens’
t 20
70
City
Clinton
100
50
Commercial.
Continental t 100
40
Eagle

Jan. 1,
1884/

Amount.

$

.

Citizens’

Par.

Dividends.

Surplus,

Companies.

at latest

LIST.

Net

CAPifAL.

Dividends.

Surplus

STOCK

INSURANCE

LIST.

America*... 100 3,000,000 1,644,700 J. & J.
9
8
July, ’84. 5
Am. Exeli.
100 5,000,000 1,628.600 M. & N.
7
7
May, ’64. 3*2
100
10
10
&
Bowery
250,000 265,000
July, ’84. 5
&
20
38
Broadway.. 25 1,000,000 1,423,500
July. ’84.10
Butch’s'ADr 25
A
8
8
300,000 300.100
July, ’84. 4
Central
100 2,000,000
A
8
10
551.100
July, ’84. 4
Chase
100
&
8
300,000: 254,300
i 8 July. ’84. 4
Chatham.... 25
A
9
450,000* 303,800
July, ’84. 5
I
Chemical
100
100
300,000|4,079,900 Bi-inTy. 100
Sep., ’84.15
Citizens’.... 25
7
7
600,0( ;0i 267,900 J. & L
July, ’84. 3*2
100 1,000,000; 1,SOS,900 M. A N. 10
City
18*2 May, ’84.10
Columbia...
..I
100,000'
Commerce.. 100 5,000,00013,177,200 J.
8
8
July, ’8 4. 4
Continental. 100 1,000,000! 237.400 J.
9
July,’84. 3hi
Corn Exeli.’'. 100 1,000,000 1,040,800 F.
10
10
Aug.,’8 4. 5
East River
20
7
127,000 J.
250,000
July, ’81. 4
11th Ward*.
25
57.500 J.
8
100,000
July,’84. 4
Fifth
100
6
6
150,000; 128,600 J.
July,’84. 3
Fifth Ave*.. 100
100,000
449.200
First
100
40
40
Oot.,’84.10
500,000 3.777.700 Q.-J.
Fourth
100 3,200,000 1,065,600 J. & J.
8
8
July,’34. 4
Fulton
30
7
7
322,000 M. & N.
600,000
May,’84. 3^
Gallatin
50 1,000,000
10
960,400 A. & O. ,10
Oct.,’84. 5
Garfield
50
200,000
50,600 J. & J.
Germ’nAin/ 75
176.500 F. & A.
6
Aug.,’84 3
750,000
Germ’n Ex/ 100
10
200,000
199.800 May.
May, ’84.10
Germania*.. 100
8
229.200 M. & N.
200,000
May, ’84. 4
Greenwich*. 25
200,000
6
60,100 M. & N.
May,’84. 3
Hanover.... 100 1,000,000
6 41,000 J. & J.
7
July,’84. 312
Home*
4,800
125,000
14
14
Imp.& Trad. 100 1,500,000 2.788.700 J. A
July,’84. 7
50
8
8
187.500 J. &
Irving
500,000
July,’84. 5
Leather Mfr. 100,
465.500 J. &
10
10
600,000
July,’84. 5
Lincoln
100
300,000
25.900
Madis'n Sq.*' 100
4,500
200,00U
Manhattan * 50 2,050,000 1,030,000
& A.
8
7*2
Aug.,’8 4. 4
Market
1001 500,000
A J.
8
8
388.600
July,’84. 4
Mechanics’
25 2,000,000 1,209,200
&
8
8
July, ’84. 4
Meoh. A Tr*
25
J uly, ’84. 3
6
&
6
51,400
200,000
Mercantile.. 100 1,000,000
6
&
6
253.800
July, ’8 i. 3
Merchants’. 50 2,000,000
A
7
706.300
7
July,’81. 3*2
Merch. Ex.. 50 1,000,000
6
6
&
160.600
July, ’84. 3
195.700
A
7
7
Metropolis *. 100
300,000
July,’84. 3*2
10
A
10
Jari., ’8 4. 5
Metropolit’n 100 3,000,000 258.900
Mt. Morris*. 100
A
100,000
39.800
July,’84. 3
9 '
12* Jidy, ’84. $2
A
Murr’y Hill* 50 100,000
148.200
Nassau*
100
7
A N.
8
500,000
93.800
May, ’84. 4
New York
100 2,000,000 1,196,600
8
A J.
8
July, ’84. 4
N. Y. County, 100
& J.
47.900
8
8
200,000
July, ’84. 4
N. Y.N. Ex. 100
& A.
7
7
75,200
300,000
Aug.,’84. 3*2
Ninth
100
7
A J.
7
217.900
750,000
; July, ’8 4. 3*2
N. American 70
& J.
6
6
261.700
700,000
July,’84. 3
North Riv’r* 30
A J.
8
65,700
240,000
7^2
July, ’84. 4
Oriental*.
25
286.900
A J.
10
10
300,000
July, ’84. 5
Pacific *
50
10
10
422,700
244.300 Q.-F.
Aug.,’84. 2*2
Park
100 2,000,000 1,283,000 J. & J.
9
8
July,’84. 5
25
10
10
130.100 J. A J.
200,000
People’s*.
July,’84. 5
Phenix
20 1,000,000:
6
6
269.200 J. & J
July,’8 4. 3
Prod. Exch/ 100 1,000,000
68,300
8
Republic
: 100. 1.500,000
577.600 F. A A.
Aug.,’84. 3
St. Nicholas*, 100
500,000
7*2 July,’84 4
306.200 J. A J.
Seaboard* ..100
500,000
87.500
Seventh W’d 100
3
300,000
87,600*J. A J.
Jan.,’82. 3
Second
100
300.000
20
Jam, ’84.10
3,500'I. A J. 20
Shoe A L’thr lOu
8
8
201,000 J. A J.
July,’84. 4
500,000
Sixth
6
1100
54,600'J. A J.
8
200,000
July,’84. 4
State of N.Y* 100
800,000
8
514.100 M A N.
71-2
May,’84. 4
Third
100 1,000,000!
7
7
221.900 3. <v J. ‘
July,’84. 3*2
Tradesmen’s 40 1,000,000
7
7
261.600 J. A J.
July, *84. 3*2
Union
50 1,200,000
10
10
760.900 M. & N
May,’84. 5
U. States
100
500,000
143.900
Wall Street* 50
J. & J
6 L> July,’84. 3
500,000
West Side*.. 100
200,000' 107,300;J. A J

LOCAL

93

BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS

October, 1884.]

5
7
7
10

J. A J. 7
l00;2 0 *0,000 Q.-F. 4
i,000 2,0i»0.«*00 J. A J. 7
100
600,000 F. A A. 4
1,0001 250,00 M. A N.i 7

dividend

500,000

on

1396

Aug., 1884

July, 1894
July, 1884
AprU.1885
Nov., 1888
Mar., 1884

July, 1890
Aug., 1884
Jam, 1890
Aug., 1884

May, 1893
stocks, and date of maturity

112200888888111
2

81023188 111

342123043888 111
10

EARNINGS OF PRINCIPAL

MONTHLY
1

Jan.

1888
1884
Atchison Topeka

(205
(205
(295
(295
(205

m.).
m.).
m.).

m.).

Santa Fe—

1884*

Central Pacific—

(2,301 to 2,586 m.).
(2,586 to 2,775 m.).
(2/82 to 3.167 m.).
(3,199 to 2,941 to 3,003 m.).
1884
(3,003 m.).
Chesapeake & Ohio(480 m.).
(430 m.).
(430 to 512 m.).
(512 m.).
i512 m ).
Elizabeth. Lex. & Big Sandy(139 m.)
(139m.i.
(139 m.).
Chicago tfc Alton(840 m.).
(840 to 846 m.).
(849 m.).
(849 m.).
1884
(849 m.).
Burlington
&
Ouincy—
Chicago
(1,857 tc 2,772 m.).
(2,772 to 2,924 m.).
(2,924 to 3,229 m.).
(8,229 to 3,322 m.).
(3,360 m.).
Chicago & Eastern Illinois—
(152 to 220 m.).
(220 to 230 m.).
(230 to 240 m.).
1883*
(240 m.)
1884*
(240 to 251 m.i.
Chicago

Cin. lnd. St.

108,464
130,841

100,353
143,244

102,229; 1,165,158

2,120,229
438:1,356,710 1,778,488 1,724,950 1,840,067 1,978.438 1,904.097 2,507,857
8,899,346 2,088.519 2,185,303
! 1,602,907'1,454,218] 1,709,637 i 1,872,37012,091,411 2,159,311
O OOQ inmo (lOfl OAQ O
aak. 2.424,529
KMioLne
2
2.229,105 076,648 2,850,5571.2’495,445
11,839,469 1,720.615 1.969,73712,054,68712,342,298
2 036.210 2,267,543 2,426,848 2,496,091
1,747,681 1,465,952 2,024.533 2,050,313 2,127,420 2,129.226
1,449,785 1,402,571 1,472,684 2,030,079 2,141,583 1,943,218 1^832,244,2,118,339, *2268000

2.199,466
2,297,971

1,905,222 20,508,112
2,225,179 24.094,099
2,020,349 25,002,757

213.863!

110,918

208,746
251,970

253,446!

2*0/21

260,072J

28,710
47,893
47,388

! 1,432.740
1,307,948
1,658,834
1,625,080
1,643,220
■

117,840

101,943

221.559

227,343!
207,454
298,030

224.920
232,522

195,970

216,590

91,587

97,550

112,824

100,972
96,322

120,333

115,651

119.822

148,989

300,211!

225.096
316.787

259,110
202,858
381,454

335,20,-1
320,938

381 746
348,187

238,236

30,240

53,045
57,519

47,540

58,050

63,435 ;
74,856,

610,128

017,524
035,860
617,251
667,508

608,070

730,940,* 859,083 * 882,558

542,961
558,190
564,860
600,878
607,282

559,577
040,730
052,061

83,089

111,800
117,296
146,779
128,879

93,234
144,879
132,601
144,143

115,246

126.127

767,349
774,79)
912,692
934,945

785.199
771,844
858.674
901,019

690,770
072,380

749,91?
801,187

749,220; 8,810,610

1,862.285 1 934,762
2,262,981 2,031,001
2.180,400 2.270,444

1,837,860

1,552,018120,454,494

123.769

120,091

108,819

111,809

110,248

764,298

738.749

900.076

871,041:1,134,745 i 1,037,958 1,020,709

,131,683 1,361,725 1,294,573 1,875,608 1,671.177! 1,099,086
963,205 1,178.790 1,474,012 1,879/00 2.300,440 1,983.031
,474,170 1,672,93! 1,008,741 2,110,947 2/43,510 2,059.952
,311,395 2/95.292 1,754,379 2.157,200 2,213,021 2.100/31
1,504.100 1,700,940 1,822,105 2,070,829 1 996,275 1,976,177

144,958

143,175

991,291 1,257,678 1,493.021

1.472,038

172,215
155,537

452,363

444.07-

508,014

513,730

407/40

251/13
370,897
422,718
495,019
409,489

184,923

180,735

212,299

177,101

237,284

228,653

190.215

193,372

217.198

237.490

205.644
249.880

377,288
434/71

331,697
105.552
1*8,072

192,104
201.723

1.905.490 21,170,455

2,027,060; 21.560.804
2,170,918:26,110,368

161.704

128.981

153,113
140,458
141,289

1,299,001
1,640,451
1,185,183

1,651,020

1,397.309 13,086,119

323.241

317,98*

234,704
312.522
320,392

060,669

720,445

635,858

32,880

35,801

51.450
28.242

47,510
31,203
40,102

40/0;

35,057.

85,28c

401.925

23.501
25 221
23.080

31,595

32,092

347,108

37,57!

34,117

28,410
31,716

312/88
30O,73()
400,665

305.314
341,342
371,915

148,924! cl ,599,624
l'.0,M5 (.1,885,414
200,170 (2,165.219
199,605 c2,542,043

208,820
205,490

593,922
620,018
508,754

590,53 L
549,885

078,781

24.001
20.044

21.88(1
22/09

25,580

24,917

23,720

248,476
339.151
331,109

220.380
272.322
291,519

240,670
2*3,15?
295,401

210,995
304,89?
307,810

24,790

130,512

140,523
158,161

31,292

23,826
30,109

39.104

30,032

24,449

31,578

30,228

101,125
173,034
145,307

91,012
150,186
129,447

81.00?
148,400

00.600
132,203

124,042

129,715
629,098

85°,135

781,5*9
747,389

*

115,942
162,520
J 75,1 i 3
229,004
220,797

844,009

782,830

788,809

126.537

152.934

123,702

140,380

80,819
156,605
126,824
131,042

107,825
107.554
204.934

158,759
140.080
150,907

112,159

130,703

145,993
143,055
153.556
134,332

822,788
850.93?

831,392

827.920
931.933

127.184

119,827
158,483

89,209
107.623
120,703

98.013

*

240,578

127,784
867,075
*

133,535
174/06
148,186

222,349

115,595

110,318

95,670

90,200

229,944
200.000
321,129

187,290
254.390

170.039

*

172.004

273,294

202,111
206,412

201,134
270,508

83.127
190,398

89,003
102/05

130.2.84
144/04

*

174.02?

237,483

665,6*7
042,213

2,588,423

707,7

*

*

822,553

140,052

100,531
»

394,431

455,503

146,952
153,4*2
1*7,440

101,140
100,380
199,007

152.082
172,( 69
203,442

204.803
172.558

257,770

234,617

34,881
33,020
25,112

39,001

44,323
47,831

182,960
*

*

228.292

40,115

*

217,023
263,436

100,472
125,731

197,080
*

253.409

1/59,407

1,100,852
1,183,468

3.351,357

4,144,275

*

893,367
410,534

37,978
36,127

1,619,810

228,79';

295,908
236,925

298,070
207,830

980,173 10,244,485
1,030.872 10,775,140

170,214
164/;*
170,333
201,930

150,017! 1.775,487

192.101
109,048

204,603
210,842

1,174/09 1C,800,705

1,021,574 11,039,633

1*0,389:
150.880

lr'0,801

191,921
277,295
301,245
328,131

228/77

200.451

281,140

264,735
235,972

270,941

*

275,330
308,323
461,087

*

254,597
303,006
410/61

405,802

422,516

175/84
118,594

100,960
108,370
143,374

192,622 ;
208,577
202,812 :

253,854
*

(3,05 m.)..

123,572!
87.03* |

e

83/041

80,980

105,958|

100,009
105,068

99,108!
133,700|
1

110,056/ 124.070
101,027,
90,242

112,308
97,881

1

Include* $20,634 of miscellaneous receipts.

found necessary after monthly totals

had beeB published.

123,143
124,459
110,401

77,913

127,098
167,104
170,415
148,745

113,241
124,280
157,632

148,374
*

1,945,532

141.093

2,487.569

2.740,227
2,927,5S3
1,953,594

377,821,

2,816,109
3,662,048

116,082;

1,331,868

306,159,

..

Western(302 to 385 m.)..
(385 m.)..
(385 m.)..
(885 m.)..

1,852,439

2,025,109

158,754
i

247,032
288,253
292,965

*

1/53/44
1,037,39*
1,101.929
1,119,610

887,9*2

201,900
*

147,580

113,254

1,136/24

178/11
182,438
193,110

272,114
202,177
319,713
260,896

215,977
217/18

26»,052

*

137.809

196,372

190/62
223.250

380,210

915,203
819/83
988,012
930,105
022,833 938,385
920/22,1/45.902

130,303
171,085
121,19?

312.422

141.235'

199,125

*

141,192
196,909

802.714
320.358
....

20.329

*

341,935

41,882

30,697
30,935

154/78

100.305

200,004
180,477
234,151
194,992

171,14*

712 7' 'i

702.403

203,677
220,010
215,913
195,751

129.571
152,951
100,157
203,805

837/81

708/02

125,400

312.723!

114.878
137,514
148,503

792,430
748,805

710.173

*

278/37

107,9 '2
103,452
120,814

89,555
144,007

735,000

31 1,784

260,298:
289.28?
302.5041

20,792
25,479
22,468

25,097

*

86,795
34,452

184,42?
*

34,172

199,846
192,317
217,574
197,013

192.085
204.423
208.801

240,517
230,2b3

230,150
243,525

30/05

76.039
151,730
141,303

099,370

865,009
857,893
86n,909
979.717
820,572

*

120,085
100/58
100,210
200.322
178,810

30,289
35,0*9
28,780

727,200
705,294
748,604:
748,803

756.454

*

083,79?

i

30.225
25.617
23.183
28/09

20.939
35,375
28,920

35,000

210,784
293,540

6,404,680

557,939 7,801,546

578,443
099,603

22,198

235.228
342,138

0,244,180

44S.M0

523,165
109,825

20.582

in.). €*172,470

3.478,007

681,385

545,444

25.501

140,214

849 196

495,769

400.583
020.043
509,191

473,633

000.193

186,792

210.j27

408,562
£66,829

400,133

548.284

190.814

m.). 1^.159,543!

2,567,135

373,132

233,360
218,759

198,6851

208,814
223,517

295.456
581,229

104.954
189.589

165,326
189.652
202,931
212,831

242,827

230,78?
237,598

103,88,3

185,650'

240,384
260,673

2,415,372
2,576,103
117,395 2,482,824

243,241

167.548
190.179

201.883'
248.142!

215.809
190,564

241,133
231/08

171,400
188,509
237.517
210.748

131,512

211,014
223,303
211,264

228,334

118,802
119,081

121,942;

221,320
249,443
240,507

223,108
228,358
220,300

110,27?
131,503

847,439
813,699

5,529,103

188,835

Gn.—

254,602

*444,000

190.123

(1.066 to 1,160 ill.).
(1,315 to 1.679 m.).

21,573
27,215

583/74

519,500

209,515

514.76?

20,48-:

3,122,095
4,021,961
4.902,200

199,929

193,925

20.0!:

312.173
432,615
364,946

379/29
548,*52
674,364

192,438

104.883

24,9(58
82,82;

342.894
302,921
515,008

342.052

205,540

433.111
550.280

16.472
32.072

1,760,556 25,024,062

205,195

160,888
398,493
510,310
548,580
453/05

391.780

2,368,542

197,822

120,922
395,293
457,535

522.200
523 808
*

1.477,902 19,410,009
1.855,476 21,849,207
1,820,929 23,917,068

1,855/22

201,150

307,470'
510,! 281
403,702
487,291

317.083

374/94

300,833
373,370

2,019/37
2,109,432

220,484

211,495

m.)..
m.).

8,215.495

194.474
193,141

231/00

124.759!

2,211,622 2,553,041 2/01,445
2,403,459 2,047,008 2,7s 3,991
2/27,932 *2289000

383,202
359,459
444,333
407,140

413,236
438,520
464,246

141,250
122,680

1,707,939 2,020,245 2,105,217

2,315,104 2 292,070 2,341,097

236.99:

182,204!

(084 m.)

701,066 ,

154,313

404,502

201,211

(356 m.).

Approximate figures.
Includes Utah lines.

128,597
187,473

131,904
150,915

218,093

259,208

251,049

208,210
208,208
219,147

Embracing coriectione

130,891
156,857
170,305

131,77?
156,497
170,380
158,001
150,514

232,146
350,1 *5
402,882

259,7&3

173,078
158,595
333,439
282,256

173,110

m.

2,562,778

640,812, 7,557,741

9

180,112

571
731
775
825
(825

2,909.165 2,742,480

543,723 ! 7,687,226

•

199,567

m.)

1.810,133
2,199,421

529,319
713,108

1,591,053 1,509,598 1,854,269 17,025,401
1,538,491 j 1,729.812 1,568.700 1,078,361 1,044.670 2.250
975 2,072,973 1,964,709 20,886,725
1,627.933 1,019,431 1,404,921 1,545.198 1,950,710
2,150,913 23,659,822
,318/00 1,789/00 1,949/00 1,980,000 1,919,000 1,950,000 1,820/00 2, .‘01,000

227.475

(529 to
(571 to
.(731 to
(775 to

886.556

114, 129
125, 139
151, 763
120, 093
128, 392

130,421
139,583

154.127
160,317

(684

75,831'
70/34
83,172 * 70,307

1,773, 643 1, 834.821
1.888, 35* ,2, 173,945
1,625, ,000 2, 086,858
1/24, ,10512, 495.124
1,735, 199 2, 447,495

127,212
112,269

170,311

(544 m.)
(544 to 684 m.)

47,090
51,530

709,751
856.398

138.864

188,798

....

306,385 3,906,793

307,274

761,120;

134.070

182,458
218,591
191,78*

& Western—

345,306

2.074,308
2,706,762
3.334,978

708.906

88,278

327,478
312,017
350,009

(402 m.)

218,009
203,562
253,350

076,205
702/35
731,503

121.037

257.785

m.)

240,795
235,585
300,782

61,188
58,051

83,265

193,827

(402 m.)
(402 in.)

1,868,458 24,744,420

58,289
70,095

117.119

1,154.632
1,240,067
1,644,930

1,307,103

57,352

72,466

1,407,000

(138to 143 m.)
(143 m.).

Bloom.

236,396J

118,237

54,264'

125,450
145,404

123,881

2,139,259
2,104,639

2,053,482
2,259,036
2,800.680

51/60!

56,022

548.556

165,120

1882
1883

351,310
375,815

37,402

£0,403

626,473
529,915
588.700
686.694
697,919

211,820i

247,144
332,219
305.474

38,951
56,629
57,640

1

55.498

247.303

214,255
241,135
271,382
323,845
257,262

19\92:

1S81

160,160
209,112

143,432
174,351
198,270
195.989

199,443
252,235
257,040
331,173
287,497

1,411,870 1,732.518 1,489,894 1,909,627 1,682,956
I 084,621 1,418.149 1,574,071 1,679,456 2,083,802
1,457,301 1,506,217 1,530,838 1,505,261 1,437,164
1,011,021 2,396,584 1.824,130 2,009,872 1.937,910
1,971,013 2,1U6,02811,832,451 1,981,127 2,077,182

International & tit. Northern—




122,90

(336 m.).

1880

c

100,029
93,535

165,6)30
199,278
208,672

682,718 910,989'1,259,940
1.4:34,537 1,376.377 1,561,386 1,517,569
1,359.199

.

y

100,*05

84,417
110,394

31.416!

474,318
517,897
557.384
573,284

990.848

(900 ra.)
(902 in.;.
1882
(902 to 1,123 in.).
1884
(1,123 m.).
Flint &; Pere Marquette—
(293 to 318 m.).
1880
(318 m.).
1882
(318 to 347 m.).
1883*
(347 to361 m.).
1884
(361 m.).
Green liny Winona A: St. Paul—
(219 to 225 in.).
1*82
1883..
(225 m.).
(225 m.).
1884
Gulf Col ora <lo & Santa Fe—
(373 to 482 m.).
1882
(482 to 534 m ).
(534 ra.).
1884*
111. Cent.—111. Line A: So. Div.—
(1,444 to 1,490 m.).
(1,490 in.).
(1,398 in.).
(1,498 to 1,526 m.).
(1,526 m. ).
Leased Lines in Iowa

*

82,044

26,751

497,013

499,120
585,830
640,386
060,641

(1.679 m.).

East Tcnu. Va.

1883*
1884

221,513

153.378
205,912:
211,257:
216,616
200,418

222,762:
228,481
215.445.
337,7951
313,542:

45,949

524,054

(300 to 242 rn.).

1884

Lake Erie &

149.504

80, 667
115, 820
115, 182

198,081
184,389
179,053

202,335
162,540

& Fort Dodge(87 m.).
(87 to 138 ra.).

1881
1882
1883*
1884*

141,652
184,680
178,304
218,252
217,576

„..

Denver&: Rio Grande—
(337 to 551 m.).
(551 to 1,062 m.).

Indiana

90,353
79,956'
98,196

77,309

<336 m.).

....

188 ,325
148.,551
224, ,107
252,,913
211;;349
J

93,031!

Cincinnati N. O. & Texas Pac.—

1882

1,340,702

847,215 8,556.975
1,458,752 12,584,508
1,458,640 14.773,304
1,105,817 14,117,348

246,062

(342 m.)

Des Moines

903,728
1,303,385
1,349,312

789,372

,261,207 2,846,771

Louis & Chicago—

1883 q

95,269

856,724

1,067.091

308,200

187,001
201,964

(342 m.).
(342 m.).

1884p

86,667

94,779

100,7*2

278,429

225,630!

124,509,

197,402'

(682 to 946 m.)
(946 to 985 m.).
(1,003 to 1.147 m.).
(1,150 to 1,280 m.).
(1,280 to 1,297m.).

1882

73,459

86.897

107,329

193.419

Miuu. & Omaha—

1881

79,893;

88,674
112,147

232,812

12.293 .o 2,764 m.).
v2,i78 to 3.018 m.).
(3.100 to 3,476 m.).
(3,580 to 3,798 m.).
(3,798 to 3.817 m.).

Chic. St. Paul

72,225

88,514

77,793
96 886

189,330

Northwestern—

1883

78,359

54,496

S
643.921

01,155
78,257
98,097

202,180

(2,256 to 3,7,5m.).
(3,775 to 3,951 m.).
(4,104 to 4,520 ra.).
(4,520 to 4,760 ni.).
(4,760 to 4,804 m.).

Chicago &;

73.414
84,500

51,781

$
62,541
70,326

221,748
300,155
307,640

Milwaukee & St. Paul.-

1884*

57,005

$
58,701
68,187
73,794
92,043

Total.

$
61,669

%

204,991

165,171

184,316
167,750
252,823!

(244 to 276 m.).
(276 to 401 m.).
(401 to 500 m.).

1882*
1883*

58.259

$

47,525
57,982
61,041
72.345

40,821

$
67,563
80.875

Dec.

Nov.

Oct.

j Sept.

179.894
221,801
261,439
260,357
261,10 J

(492 to 564 m.).
(564 to 589 m.).
(620 to 690 m.).
(690 to 713 m.).
(713 m.).

1884

45.344

July, i Aug.

V

$
44,145
52,304
54,853

I

$

47,829
62,499
68,885
89,615:
97,000!

June.

XXXIX

RAILROADS.

932.122
677.863 747,012! 657,586 674,229 806.730
481,103! 478,331' 654,090!
1,263,023
743,268 558,48 r 902.303; 948,419 1,046.125 1,197,550 1,006,633 1,000,640 1.155.869 1,430,226
1,153,479 1,117,003 1,251,663 1.829,113
1,076,790 1,055,909 1,203.073! 1 ,164,335 1,183,761 1.146.107!
1,167.987 1,263,900 1 203,258 1,361,582
961.255
935.665! 1,284,120 1 ,160,086 1,180,808
1,254,029
1,301,6;9 1,391,819
1,172,348 1,167,02011,404,056 1 ,306,000 1,343,362

(2.315 to 2,377 m,).
Burlington Cedar Rap. &■ No.—

Central Iowa-

! May.

fVot.

696,966

1884 (d)

1888

jMarch.! April.

$
51,227
63,546
66.732
82.451
85,057

84,124

m.).

(1.167 to 1,540 m.).
(1,540 to 1,789 m.).
(1,789 to 1,820 m.).
(1,820 m.).

1881

Feb.

*
55,401
58,509
60.575
84,595

Alabama Great Southern-

134023888 111

EARNINGS

RAILROAD

94

108,1181 1,405,453
1 Kill 064
iin

132,336

u*< r on

d Includes Southern Kansas road la 1654.

101 :

1043. 3888888111

KAILEOAD

October;-1884 j

13388811182.

MONTHLY EARNINGS OF PRINCIPAL

131442200888 111
0

Louisville & Nashville(1,107 to 1,840
(1,840 to 2,074
1882 d
(2,028
(2,028 to 2,060

143.0888 1118842..

m.).

Jan.

Feb.

$
074,455

$
$
575,035 012,593
805,124
917,900
900.815 1,008,834

810.900

m.).
m.).

March. April,

904,527
1,118,735 l ,014,807 1.141.337

m.).

(2,066 it.).
Memphis Sc Charleston(330 m.).
1882
(330 m.).
(330 m.).
1884
(3(0 in.).
Milwaukee Lake 8. Sc West.—
(205 to 250 m.).,
(250 to 270 m.).
(270 to 328 m.).
(320 to 374 m.).
1884*
(374 m.).
Minneapolis Sc St. Louis(354 in.).
(354 to 420 m.).
(42 J m.).
Missouri Kansas Sc Texas(880 to 1,100 m.)..
1882
(1,100 to 1,296 m.).,
(1,290 to 1,386 mj,.
(1,3+6 m.).,
Missouri Pacific—
1881
(700 to 795 m.)..
1882
(795 to 990 m.)..
1883
(990 m.)..
1884
(990 m.)
Mobile Sc Ohio(500 m.)..
(500 m.)..
(528 m.).,

804811

EARNINGS.

..

l ,039,317

115,044
82,904
101,820
113,334

110,050
103,000
100,010

24.833'

33,2511

39,078

31,302

37.7 ri
30,755

97,0101

(528 m.)..

953,003!

058.130

947,450 1 002,348

150,100;

84,400

74,007!

71,187
80,7001
101,703

74,007
66,388

107,102

ork Sc New England—
(284 to 310 m.)..
(316 to 384 m.)..
(384 m.)..
(384 m.)..
(384 m.)..
New York Susq. Sc West.—
1882
(88 to 144 m.)..
1888
(144 m.)..
1884
(144 m.)..
Norfolk Sc West.—(At.Miss.dk: O.)’
(428 m.)..
(428 m.)..
(428 m.)..
(428 to 502 m.).
(502 m.)..
Northern Central-

Northern Pacific—

28,014'

35,902

48.069

52,202'

07,610
93,297

75,512

73,150

91 047;

$
953,088
1,005,227:
1,200,902

t
*
040,185 9,491,844
1,153,770 11,344,302
1,221.509 12,981,432

504,465

1,307,394

1,272,924 14,170,248

119,7701
120,763
145,314

134,427
130,189
159,604

40,125
73,397

137.40

140,448
155,635

1.235,091
1,129,380
1.322,809

48,734
04,054
80,905

41,255
60,082
82,250

427,752
035,669
900,319

103.943

75,529

1,058,064

142,322
150,128

1,653,080

>

00,871

05.437:

77,600

01,928

03,4:35

79,851

09,7O5|

70,120;

100,710

95,005!

95,153;

88,000,

95,109;

95,094;

97,396

118,427:

110,195;
107,548
90,491

110,391

100,019'

104,307'

173,710!
159,310

170,053

144,018

153,940

154,060

123,201
158,009

137,Oil

150,075

110,527
110,071
155,483

138,412

148,421)

12*,875'
152,753

167,745

135,808!

122,893!

169,151

337,504

433,343

394,0721
484,424j

472,048
634,901

.393,445!
444,204;
512,042

393,745
480,334
575,085
551,925

400,600
455,904

502,184
087,703

533.950
694,169

897,791

857,910

3S8.0S11
552.075'
732,5411

395,413!

513,982

409,043
020,988 :

550,120

537,501
541,142 !
005,273

589,470
500,007
719,501

033,839
800,525

781.258

840,305

773,054

250,110
224,340
159,070
215,971

204,094:
210,707

108,302
230,91('
148,167

140,091:
103,550:

129,241
145,803
134,378
141,734

264,714
25)5,924

251,368
202,980

207,433

301.054

258,812
306,4*2

250,272

280,003

*290,029

190,91-2'
188,935
201,712
201,320

196.809

191,017
187,079
210,070
209,999

83.459

133,428:
330,510
400,105
554,049 '

179,228
218,470-

189,4791
170,753
197,388:
180,992

857,832

34,214
52,065!

38,042

88,239

34,007
59.931
75,170
100,585

03.990

85,585
98.240

484,576'
482,334
590,049

514,165!

549.332

625,423!
710,418:

018,701
< 3j,38o

007,998
535,088
030,725

568,507'
734,008
704,434

059.570
008,738!
953,517

625,133
801,416
944,742

121,855:
180,517;

140,593:

184,247
210,202
157,875
185,903
158,585

556,331

!

80,708
112,524

122,910

131,621
135,548
135,174
134,464

101,283| 185,275

170,000!1 140,120!* 130,243

129,323

143,000!

199,828i

162,730!

181,905'
185,320 j

179,729
190,088
190,196

210.058

197,799
210,580

158.590
168,004'

184,003

141,957
128.807;

136,184!

179.213

164.888!

172.353'

155,827:

203,102
174,974
195,262

220,823
117,336

195,055|

177,209

100,090!

210,495

200,1(34

107,393
101,435

154,103
171,070

206,819

188,167!

190,751

136,704]

170,0611
101,957!

100,203
1*0,495:
195,468

189,7+7:

187,475

218,190!

104,231
189,749
213,840
245,081:
246,705'

149,908
173,014
217,201
237,711
252,513

43,827 i
08,107!
04,055!

41,952

550,569

487,820

1,543,423

005.800

5,427,256
6,421,517

602,446
730,009

6,673,2*1
8,038,194

287,373

2,273,623
2,403,220
2,184,445
2,205.410

183,815
212,019
205,222
296,311

259,481

179,689'
210,913
261,044
275,891
275,507

51,219

210,850
240,704
277,001

353,511

05,801
90,085

71,373
94,042

71,322
80,782

249,885

340,490

320,152

.383,347'

891,825

270,217;

300,794;

235,642
299,573

280,524

52,152
78,5111
82,2/8,

57,835

61,673

68,022!

87,054

88.152

70,739!

89,189

103,637

80,781

82,970

67,"17,

105,828;

143,099'
174,438

131,407
149,.503;
185,322
21 >5,063
202,430

1.33,764

145,5,851

179,947

209,446

235.910

209.010!

150,889

160,122

221.438

240,530'

228,995

174,813
203,010
183.8(59

173.374!
191,535
219,188'
185,824

232,774
280,557

272.318

331,854

201,235
271,279.

464.093
429.565

449,004

557.558
545,727

527,714
590,748

339,217
500,032
72,838

150,870: 101,954:
191,344

175,420
195,050
174,700
217,334

225,357]

210,298

330,800

415.325

419.193!

450,298

405.58s'

4*7.2871

453.923;

452,900

380,130!
487,273

329.783

382.057;
413,551
480,805:

414.789

420.490

465,694

410.811
484,534

498,008
025.970

500,805

470.335

499,133

474,524!

398,013!

402,501

454,749

477,848

465,819
470,104;
410,635

477,510

587,272
510,427

77,259

119,358
102,984

180,074
210,210
451,023
060.412

217.013
312,705
610,231

253,105

247.020

4 L 2.024

393,252

51,977'

51,623

51,013

80,249

07,0+4!

55.525

53,690

73,741

75,723

70,222
05,524

00,059
58,7u9

00,014

48,474
50,620

45,820

70,48]'

72,575

54,002

19,835

11.403

104,917
108,572
200,487

213,020

153,033

149,659,
I

499.252

409,846

i

81,390
110,508
245.309
358,985
614,103

40,007!
67,755
50,483
04,732

78,803;
208,935
328,158!

520,085:
37,107
57,903

45,507'
50,592

71,704

373.141
503,903

171,793

190,996
211,522

704,017

094,061

222.100

201,711

198.108

240,004
251,132

2.390,302
2,809,94?.

3,393,544

39,044
04,364
55,850
08,050

58,417

49,980

67,522
73,831

381,740
205,099
224,758

232,752

723,437
1,003.061
2,064.194
2,207,288
2.429,733
2,812,775

228,408

228,777;
434,085!
727,215

512,917

459,054;
487,100;
526,085
536,094

494,310
470,023
490,003
409,152

358.450

300.822,

220,993

570,724

475,011
751.033
1,270,022:

391.280

82 4,709

789.940
829,657
850,223 1,043,024; 1,194.714 1,397,222
978,950 1,411,511 1,287,805 1,143,123 1,022,4:88 1.032,602 *1230505,

59,23 + !
5->,862
00,227

5,050.385
5,443,6y8
5,800,175

0,088,131

2.630,084
4,070,224
555,058 0,084,897
850,184 10,149,050

55.060
53.474

58,704
49.102

<-0-8,072
C 703,584

60,009!

01,958

(-72;,254

3,488,300 3,417,916 3,221,476 3,449,644 3.723,355:3,647,513 3.882,714! 3.574,913' 3,517,828 41.200,008

3^44,304!3,700,372 3,856,897,3,807,437 3.780,418 3,809,978 3,735,000 3.072.971 3,840,215' 3.731.751 44 124,178
,373,32113.300,750!3,912,293 3.855.850 4.108.877 4,093,750 4,149,150; 4,671,179 4.417,002 4.000.054 4,373,825; 4.157.1H9 49,079,820
,929,357 3.712,215!4,189,380 1,001,750 4,303,000 4,150.871 4.1.(0.950,4.775,380 4,034,998 4,875,348 4,473,479! 3,810,510 51,0.83,244
,574,233,3,420,7^3 4,* 02,627 4,150,309 4,20», 173 3,900,174^,989,08514,017,8941
r
,
|
...
!
1.816,089 1.085
1,319.133:1.330
1,503.075' 1,290
1,008,775 1,453,802:1.609.241 i 1,720.010 1,096.877 2,810,489
2,195,801 j2,002,342.2,188,144j2,855,673 2,827,948 2,14*,704
289,028
259,757
206,859
61,775
70,018
05,370

70,568
71,077
50,040

(294 m.)..

280,022

329,243

333,755;
73,468
94,109
82,931
77,272
95,591
71,928

260,139! 263,380
207,409!

297,287

229.982!
25 >,091 i

317,181,

299,329

251,819!

00,100

4.8,203

30,217

04,043

52.954

339,407
352,414
350,129

08,230

54,810

44,052
47,9 >1
48,241

73,182

42,158
43,092
45,723

38,987
.87,308
30,037

33.240
31,755

119,225
137,700
137,302

130.020

10.814

88.021

59,708

Virginia Midlandin.)..

70,021
104,3+8

in.)..

107,115

m.)..

m.)..

1

(121 to 138 m.).

..(138 m.),
Mt. Sc Southern—
(080 to 718 m.)
to 810 ra.)
to 905 m.)

94,156

112,499

110,835

113,823
109,590

123 580

125,825
130,041

119,303

13,948
27.557

,18,548

20,090

26%212

35,083

31,054

33,833

10,977
27.523
32,124

113,518
132,572
101,747
13 (.093
129,409

108.434

95,847

133,337

13,042

m.)..
in.).'.

..

90,922
104,577
107,227
132,093

108,988
101,820

119

122,770

50,218
71,148
60,930
71,892

64,337

102,153
128,700

54,750
04,1.80
50,092
63,500
03,709

'20.167

10,194
21,700

97.900

102,270
110,007

44,091
38,299

28,148

131,313
lift,433
23,201

945,874

2,979,09413,538,033
2,707,792!3.299,015

019,01
3,333,211

214,380
272,282
250,923

200,717
317,534

310.581
302.292

293.147:

337,387;

40,7.08
40,785
40,879

48.290
58.780
48,070

68,143!

421,706

302,922

429,834]

303,7o4

322,448
334,640

3.063,432
3,845,152

99,125!

88,52*
82,021

80,851
77,913

758,557
828,900

63,173:
04,849!

113,3 0

If9.112

80,247j

70,15*

97,537
65,570

799,150
737,890

162,560

167,017
176,107!

130,820
147,046

115,824
118,443

1,497,176
1,080,193

23,337
30,132,

20,944
33,784

382,037

-

!

122,690
140,777
131,806

143,491
175,800

185,205

149,890

170,26*

20,184
30,553

30,7.34
4 4,957

51,139!

27.172

26.897

44.000

130.700

143,881

100.637

129.9*4
104.302

131.097
162,993

116.096105,506
155.3311

141,793

128,003

123,884

116,429

29,028

35.719

48.794

138,153

121.937
102,923
101,731

130,727
125,592

104,031

92,227

83,475

142,127
104,207

77,982

00.3*4
83.735

72,641
91.350
82,040

52,082
50,240

44,370
50,132

52,924
46.549

06,032
03,588

75.802
80,951

70,947
00,914

52.940

88,327!

73,041

71,431

55,178

73,041
55,500
45,936
533.512
515.519

644,386 i
075,981 i
747,710

280,873
278,053
339,504
383,082

369,006
370,100

307,850

259,995
281,802
394,9071
376,391!
432,927

272,089

232,579

387,488
853,290
012,700
002,011

414.954

274,188
485,730
832.176
777,*04
738,500

570,957
510,370
005,258

560,791
501,127

704,002

546,302

585.000

519.978

522,781

032,228

544,780

193,091
208,547
254,040
280,990
319,9*7

195,948
178,599
240,139
229,411
329,874

193,140
209,903

170.164
269,507

271,323
353,304
415,179

180,239

137,045
159,482

479,075
519,120
550,788

57,048
45,330
474,302

529,700
554,559

505,890

71.714,

50,535

j

,.....(001 m.)..
(725 to 742m.)..
1834*
(776 m.)..!
St. Paul Miiui. & Manitoba.—
(050 to 855 m.)..
(855 m.)..
18*2
(912 to 1,020 rn.>..
1883........
(1,250 to 1,324 m.)..
(1,387 m.)..

250,791

101.950 1,417,002
90,995 1,424,80?
1,456,031
124,021
126,403 cl ,484.002

i

01,589

47,028
04,110
0 7,430
58,976

55,470
68,505

|

40,241!
45 (59*1

105.837
121,990
99,083
90,953

130,986
101.758

18,431,847
20,770 101
21,834,598
30 ,300,199

98,205j

45,109
49,205

118.844

1,354,0.31
1,*5 >,*89
1,795,371
3
2,297,643

71,411
04,270:

35,012
35,023
30,880

37.879

2,184.220
2,015,5*9
2.250,149
.3, >54,916

,746.299
.989,948!
,229 513
,531,438

089,250

72,014'
04,289

729,078

74,901 i

82,553
74,192
75,355
72,195

750,024
875,400
830,555

708,325 *719.239
809.394
724,100
793,033
770,104

*087,280!

*709,498

7,337,009

781,305

7,581,635

328,194

290,329!

220,063

3 0,100

276.556
333,0201

300.100

313,205
403,640

2.098,371
3,160,523
3,572,241
3,890,565

297,040

3,160,;s2#

528.203
753,510

4,878,958
8.704,771

099.480

8,394,001

80,732
62,029

72,817!

843,973

774,811;

..(905 m.)

St. Louis Sc San Francisco(492 to 597 m.)..
(597 to 601 m.)..

Approximate figures.

3‘>0,690'
283,531:

1,797,338: 1.726,788 19,489,306

.189,215 3.095,014

(294 m.)..

(718
(816

285,392!

2,246,210
2,162,857
2,328,893

1,715,469! 1,571,208 2‘>.393,112
1,818.824! 1,091,404 20,203,409
2,180,982 1,823,508 23,888,705

215,491
201,200
304,592
365,877

205,056!
246,820
298,441

70.974

Pennsylvania—

ron

231,518

202,608
205,000

2.193,807

1,801,214

00,097!
04,140

1

St. L. Alt. Sc T. H. Main Line•;
(195 m.)..
(195 m.)..
1882.
(195 m.)..
1883*
(195 m.)..
1804*
...(195 in.)..
St. L. Alton & T. II. Branches—
1880
(71 to 12L in.)

219,891:

183,700
217,185
289,722
303,035
273,702

109,033

i

407.308

(353
(353
1881
(353
Western North Carolina1802
i
(105 to 190
1833
(190 to 200
(200

1,880,214! 1,819.010
2.613,13412,411,146

950

334,491
380,150

(All lines east of Pittsburg & Erie)—
(+1,800 to 1,820 m.)
...(+1,844 to 1,807 m.)
(+1,887 to 1,981 m.)..
(+1,981 to 2,030 m.)
(+2,030 m.)..
Philadelphia Sc Reading—
(840 m.)..
(846 m.)..
(316 m.)..
18835
(840 to 1,490 in.)..
18845
<1,496 in.)..
Richiuoud Sc Danville1882
(757 rn.)..
1883
,757 m.)..
1884
(757 to 774 in.)..
Charlotte Col. Sc Augusta1883
(308 m.)..
1883
(300 to 337 in.)..
1884....
(337 t j363 in.)..
Columbia Sc Greenville—
(294 m.)..

100,789:
137.475
150,584!

1,780.417,1,899,910
1,734,200 1,814,800

(322m.)..
(322 m.)..
(322 m.)..

(722 m.)..
(722 to 972 in.)..
(972 to 1,419 m.)..
(1,535 to 2,305 m.)..
(2,449 to.2,453 m.)..
Peoria Decatur Sc Evansville(248 to 254 in.)..
(254 m.)..
(254 m.)..
(254 m.)..

!

254,187

393,401
489,703
443,306

418.350

389,012

407,128

+ And 00 miles of canal.

274,0.00

173.607
263,'>89

202,217
303,489

252,900
289.150
357,512

238,721
282.000
332,085

261,797

333.014

281,899

320,902

425,685
570,890
M 2.017
8)4,999

243,407
405,321

858,903
727,499
613,055

531,001
729,813
700,100

234.490

167,004

382,042

850.417
703,830

002,330

213.297
252.889
330.914
270.101

801,759
029,013

504,421

§ Including Central of N. J. from and arterjun

*

395,402

454,527

345,057
005,708
979.057

910,882

300,675
508,530
913,3134
845,514

1, 1883,
c Embracing corrections found necess-ry
i idudes mlscellaneon
receipts tor the whole
earnings, and thus distributed evenly through

after monthly totals had been published.
d June, 1882, figures (as well as those for June in pre-eding y ars)
of the lis.-al year ended with t hat m nth.
Since that time these receipts have been added to ea~ months
the year.
/ Includes 08 per cent of earnings of N. Y. Pennsylvania & Ohio from and after May, 1883.




Total.

“

$
000,326
002,950
215,932

30,340
40,848
70,000!
90,037!

(322 m.)..
(322 m.)..

1880

*

Dec.

I Sept.

|
^
f>
772,537
827,089' 931,911 1
817,135
870.192
951,500,1
1 215,490 1, 063,765 1,043,912 1,114,513,1
1 090.700 l, 12 4 776 1,251.1 27 1.334.179 i 1
l, 032.359 I. 060,104 1,117,313 '‘1151720
i
90,837
75,276
91,387:
00,039!
05,741
68,311
84,4741
80,505!
89.615! 102,478: 100,659
78,534;
103,191
102,095, 119,778;

(1,672 m.).. 1,507,211 1,496,394 1,495,541 1,727,434 1,015,364 1,509,568'1,784,639

1884/
New V

....

July, i Aug.

.

(528 m.)..
Nashville Chair. Sc St. Louis(508 m.)..
(508 to 539 m.).,
(539 to 550 m.)
(550 m.)..
(550 in.)..
New York Lake Erie Sc West.—
(928 to 1,009 m.)..
(1,009 to 1,020 in.)..
(1,020 to 1,000 m.)..
1888 /
....(1,000 to 1,000 m.)..

1881..
1882
1883*
18*4*
St. l/ouis I
18ol
1882
1.883*
18+4

June.

*
503,883
850,862

I

111,842

RAILROADS-(Continued).

$
i
$
655,014
976,230
828,720 1. 227,885

1,015,431'1,187,738 1,125,291 l.

101,115
113,344
115,002 1
7

31ay.

05

01881

881

EARNINGS.

RAILROAD

96

MONTHLY EARNINGS OF PRINCIPAL
Jan.

Feb.

March. April.

Mar*

[Vol. XXXIX.

RAILROADS-(Concluded),

! June.

July.

Auk.

Sept.

Nov.

Oct.

Dec.

Total.

~

Texas & Pacific1888
1888
1884

(1,412 tol,487 m.)
(1,487 m.)

Union Pacific1881

(8,300 to 3,663 m.)
(3,663 to 4,180 m.)
1888
(4,180 to 4,508 m.)
1884
(a 4,256 m.)
Wabash St. Louis & Pacific(1,558 to 2,479 m.)
(2,479 to 8,350 in.)
1882
(3,348 to 8,518 m )
71883*
(3,518 m.)
1864.
(3,518 m.)
1882.

$
215,070
319,928

323,987;
534,529:

278,535
416,040

343,442

Approximate figures.

526,001

*

$

$

141,083
281,783
421,210
496,678

174,177
295.060

368,752
406,180

153.066

*
200.570,

*

397.253

195,711
328,063
379,451

456.220

537,743

285 305

220,073
381,331
452,153
540,556

I

312,184!

419,203

$

I

2,754.408

300,5211

301,858
401,053

473,240

541,901

619 655!

529,908

683,609

610,903!

641,049 c5,919,732
655,402 c7,005,111

345,790

343,011 i

^

303,666

3,000,005

1,656,005,1,600,732 1.854,723 2,140,014 2,731,389 2,884,774 2,766,230 2,790,843 3,119,450 3,078,559
2,392 593 2,369,609 2,487,929 2,508,453 2,205,0.54 2,827,904 3,170,218 3,109,506
2,489,405 2,435.844 2.427,837 2.330.13C 2,567,806 2,576,446 2,994,070 3,000,409
1,538,908 1,547,969 ’,972,712 2,128,965 2,112,342 2,190,28- 2,388,343 2,430,155

2,745,951 2,509,006 29,884,282
2,711,917 2,559,00) 30,303,920
2,731,723 2,4>7,2L5 29,700,905

759,451
978,629 892,025 948,773 953,468 1,066,742 1.189,478
865,339 813,374 1,109,399 967,033 1,148,669 1,330,944 1,120,015 1,542,124
1,813.775 1,378,194 1,204,864 1,149,682 1,418,837 1,772,544
1.229,965 1,134.7
1,807,783 1,070,758 1,479,230 1,163,654 1,213,946 1,148,418 1,216,409 1,779,841

1,131,787
1,372,300
1,525,715
1,500,120

l

7 re,790

.

•

281,l?6i

1
219,165
260,781

$

245,785:

(444 to 700 m.)
(700 to 982 m.)
(082 to 1,412 m.)

1.178,950 1,50!,203
1,497,246 1,406,029
1.082,382 1,595,630
1.737,182 1,712,830

Nit including St. Joseph & Western road, no longer operated by Union Pacific.

a

c

1,050,810 12,423,112
1,294,057 14,467,782
1,331,952 16,738^58
1,518,288 10,908,405

Including pool earnings.

BROWN BROTHERS & CO.
59

WALL STREET, NEW YORK.
BUY AND SELL BILLS OF EXCHANGE
ON

Great Britain and.

Ireland, France, Germany, Belgium, Switzer¬

land, Holland, Norway, Denmark, Sweden and Australia*

ISSUE

COMMERCIAL
IK

AVAILABLE

IN

ANY

PART

OF

THE

WORLD,

TRAVELERS’

AND

CREDITS

STERLING,

IN

AND

FRANCS,

IN MARTINIQUE

AND

GUADALOUPE.

MAKE TELEGRAPHIC TRANSFERS OF MONEY
Between

MAKE

and

Other*

COLLECTIONS

Drawn Abroad on all




this

Points in tlie United
United States

t

States

on

and

Foreign

Countries.

OF

DRAFTS

Canada, and
Countries

of Drafts Drawn

in IIia

"•-V
-

:-iv

-r

>'

-

*.V'

~v
'•

■

.

■*

?4] I

-,4-

j/

;

ALEXANDER BARING,

H. 0. NORTHCOTE.

KENNEDY TOD.

Munbtrr N. Y. Stock Exchange

J.::

•

JVo.

S- TJ8 EjRT.

XVILLI AM

63

BANKERS.
^

-

Act as Agent}} for Banks, Bankers and Railroad C« mpanies _
* .
Issue 0( mmercial credits, also foreign and domestic travelers* letters of credit in pounds
Ol I I R
IA VEsTWEAT SECUIUIIES.
^

Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets. -v ' - . .
Collect dividends, coupons and foreign and in’and Drafts, hell Bills of Exchange on
Melville, Evans & Co., C. J. Hnmbro & Son, LONDON; H. ©yens « Son, AMSTERDAM; Mottingucr

•

-

*

,

OFFERS
ot

MORTGAGE

NEW ENGLAND

THE

N

FOR SALE

These bonds ure secured by the in vast roe t.t of theii prim ipnl sum in tirst
tbe Company, amounting" to.. $l,00o,000.
This gu ir.u;tee amounts to

present time.

Interest Coupons

J "

~

1,

1902, $1,000 EACH.

mortgages on improved forma find by the paid up Gimrantee Capital
per cent of the entire bonded indebtedness at the

more tmin

-

Payable July 1 and January 1.

Bonds registered to order or payable to bearer at o] tion,
'lliese bonds : re i« nuuetided to the attention of the
they are believed to be as perfi ct a security hn con be obtaii ed. A puini hlet wiih full information will be sent on

>o.

43

Fairbanks. Now York.

John Webster. Boston; Samuel 8. Stevens. New York.
L. Flint, Boston; Austin
Con in. J. Baxter Uphain. David
CHARLES L. FLINT, President.
J. F. F. BKEWSTEK, Treasurer.

Members New York and Phi

II.

L.

S. \V. ( or. Third

adelpltia Stock Exchanges.

&

TAYLOR
B A IN

n

m< st censervatlve Investors, as'

application to the Co.’s office,
BOSTON.

STREET,

MILK

Vicb-Presidkkts—Th< mas Wise lea worth. Elisha Atkins, Amos T. Frotlil n chain.
Directors—Henry Saltoustall, I. D. Farnsworth, Francis A. Osborn, Charles

Deposits

* Co.. PARIS.

SECURITY COMPANY

-

PER CENT BONDS, DUE JULY

5

>!l

sterling and dollars.

K

i:

CO.,

u s,

stud Chestnut Streets. Philadelphia

ceived subject to check at sight, and interest all* wed r n daily balances. Stocks, Bonds, &c., bought and sold on
attention given to information regarding Investment Securities.

commission in Philadelphia and other cities.
Particular
Private wire to New York, Balrimore and other places.

.VWILLIAM FISHER & SONS.
I U K 10 It S.

U
-.Vncl

Dealers in Governments,
J

32

Htocks, & Investment Securities
.

.

STREET,

SOUTH

odd-*«•«-*» s. )

BALTIMORE, MD.

-

mraunication can be had with all commercial
points in the country. Especial attention given to purchase and sale of Virginia Consols, Ten-foriies, Deferred and all is> ues of
the State, and to all classes of Southern State, City and liiilway Securities.
Correspondence solicited.
Have Western Union

wires in

their offices, by means of which immediate c

A LB E RT
I.
BONDS

WALL

AIN 1>

E.

II A C II FT EL I),

S'l'RIOIOT,

MOW

INVESTMENT

VOItK.

.

fS hZ C U It IT1E

T3D:
Rome Watertown &

Ogdensburg lsts and 2ds.

Ter;e Haute &

Indianapolis Stock.

Oswego & Rome Bonds.

MexLan

Joliet & Northern Indiana Bonds.

Grand Rapids & Indiana Ronds




(Corliss) Bonds.

/

and Stock.

HAND-BOOK

JULY,

DESCUimOX:

1884.

S\( OWE;

PRICES;

l> I V 8 D E IV DS

.

C 0 N T ENTS.
RAILROAD
A

SECURITIES.-

Description
annual

of

the

Stocks

and

Bonds,

and a

Statement

HIGHEST

A\D

Philadelphia and Baltimore.

LOWEST

PRICES.

/

*

and

St

cks

in

New

Railroad Bonds

and

Stocks

in

Boston—For the year 1883,

and

Canal Bonds

Railroad Bonds
or

to

and

prices

Range

of

Stocks
by

in

York —For the year

Stocks

and

in

commonly sold in the markets of

'

and to July in 1884.

Railroad Bonds

Railroad

are

the

1

MOSTIILY.-

United States Securities—For the year 1883,

Yearly

Income for four years past, as well as

the

charges against income, of ali R til roads whose securities

New York, Boston,

range

of

1883. and to July in 1SS4.

and to July in 188 4.

Philadelphia —For the year 1S83, and to

Baltimore -For the

year

1883. and to

July in 1SS4.

July in 1SS4.

years.—

Aciive Stocks—Da‘e of

highest and lowest prices made in the

1SS2 and 1883, and

years

July in 1SS4.

DIVIDENDS.—

Dividends

on

Railroad Stocks sold at the

Exchanges in New York, Boston, Philadelphia and Baltimore, paid

during each of the six years. IS7.8 to 1SS3. inclusive, and prior to July in 1SS4.
RAILROAD

Gross




and

EIRNINGS.—

Net Earnings

PRICE,
TO

BA

so

RED

as

reported in 1884, in comparison with corresponding periods of 13S3.

LEATHER

SUBSCRIBERS

w I

far

OF

THE

L L I A 31
70

&

COVERS,

SI 00

CHRONICLE,

13

WILLS All

.

73

1_> A. IV .A.
STREET,

NEW

A

<C O

YORK.

•

«•