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RAILWAY AND INDUSTRIAL
SECTION
OF THE
C ommercial & f iMNciAF^ HRONiaZ
O opyrlgM ed^ 1012 according to Act o f Congress, by W ILLIAM B. DANA COMPANY, In office of Librarian of Centre*). WaaWncton. D. 0 .
Vol- 95.____________ NEW YORK, OCTOBER 26, 1912.
No. 2470.
engineers and traffic superintendents. For many
years to come the steam locomotive, though of an oldThe Railway and Industrial Section, Issued three times a year on the last
fashioned type, may still find in not a few localities a
Saturday of I'cbruary, June and O ctober, Is furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle,
useful place where it could not be supplanted with ad
The Railway Earnings Section, Issued m onthly, containing the sworn
vantage. The unit motor-car, however, and the train
returns of earnings and expenses filed each m onth with the Inter-State
Commerce Commission, Is also furnished without extra charge to every
made up on the multiple-unit system—whether elec
annual Chronicle subscriber.
tricity be employed either by the storage battery
The Electric Railway Section, Issued three times a year,In January May
and Septem ber, Is likewise furnished without extra charge to every Chronicle
principle or communication be had by trolley or
subscriber.
The State and City Section, Issued semi-annually on the last Saturday third rail, or by any of the internal-combustion en
of May and N ovem ber, Is also furnished without extra charge to every
subscriber of the Chronicle.
gines now before the public— have already become
The Bank and Quotation Section, issued m onthly. Is likewise furnished strong competitive rivals of the steam engine.
without extra charge to every subscriber of the Chronicle.
In the wide level areas of the Middle West the
The Bankers Convention Section, Issued yearly, giving the detailed p ro
ceedings of the annual convention of the American Bankers' Association
gasoline motor car designed for passenger service has
Is also furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, Including the six Supplements above nam ed,
made its special habitat. Here it has no frequent
are Ten Dollars per annum within the United States, Thirteen Dollars
ssvere grades to encounter, as in the Eastern States.
(which Includes postage) In Europe, and $11.50 In Canada.
hllecovers for theChronicIc are sold at 50 cents each; postage on the same
Were narrow-gauge railways more in use in the United
Is 18 cents. File covers for Supplements can be had at same price.
CHICAGO OFFIC E — G. M. Shepherd, 513 Monadnock B lock.
States
corresponding to the development of such lines
LONDON O FFIC E — Edwards & Smith, 1 Drapers’ Gardens, E .O .
in Germany, South America, South Africa and else
WILMAAl B. DANA COMPANY. Publishers,
where, more would have been heard of these useful
Front. Pine and Depeyster Streets,
Post Office B ox, 958
New Y ork.
internal-combustion-engined cars. English manufac
turers are devoting considerable attention to the de
NOTICE.
velopment of the petrol locomotive in the industrial
This publication is now issued three times a year. field. Engines that have been sent to the North of
Dates of issue are February, June and October.
Africa are of <about four tons’ weight and capable o f
hauling a gross load of 14 tons on the level at a speed
THE INDEPENDENT CAR IN RAILWAY
of 6 miles an hour and the same load up a gradient
i
OPERATION.
of 1 in 50 at 3 miles per hour. For another Govern
Besides the larger question of the general entrance of ment line a duplex or double-ender petrol industrial
electricity into the railroad field and its formidable locomotive has been designed which works on pe
growing rivalry to steam as the principal motive troleum, using about 0.8 lb. per horse power on full
agency, the rapidly increasing use of other forms of load. More than 1,100 of one particular type of
motive power in small units and as subsidiaries in these petrol locomotives are in use and have shown
railway traffic operation is apt to be overlooked. good efficiency, being economical in fuel as well as
Under the pressure to which even the richest and most reliable and convenient in service.
powerful railroads have been put during the last three
Small railways in the Western and Southern States,
or four years to keep their rolling stock at a strength interurban or feeder branches of trunk lines, have
sufficient to cope with the needs of their passenger and found the gasoline motor car to compare very favorably
freight traffic, little initiative work in experimenting with the steam train on the score of expense. The
with new kinds of cars or trains could be encouraged. fuel expense is far less and operating cost for satis
With the return of steady prosperity and the placing- factory service has been brought from 6 to 8 cents per
in service of a satisfactory complement of standard mile, this including fuel, lubricating oil, supplies,
locomotives and cars, attention will doubtless be spe minor repairs necessary, &c. One type of enclosed
cially directed to the small-unit motor engine and the passenger-service gasoline motor car is popular in its
many different types of self-propelled light cars suit operation in Ohio, Indiana, Alaska, Florida, Texas,
able for railroad work. It will then be realized how Hawaii, Louisiana and Georgia. This car is built
much has been accomplished on small private rail for the ordinary gauge, seats 35 passengers, is 34 feet
roads in mines, mills and factory yards, where loco 2 inches long and 8 feet 6 inches wide, weighs 20,000
motives of a few horse-power traction ability and trucks pounds and attains a maximum speed of 30 miles per
of from 5 to 20 tons’ capacity are employed, and by hour, depending upon the road-bed, grade and traffic
contractors in temporary rail work. Coincidently conditions.
with the double-tracking along their main line systems
In estimating the relative merits of internal com
by the great railroads, the building up of branch and bustion and steam motors it does not appear,that either
subsidiary feeder traffic by the most economical one has any decided advantage over the other in all
operation will occupy the minds of the railroads* cases. The simplicity of the steam engine and mechR
a i l w
a y
a n d
I
n d u s t r i a l
S
e c t i o n
.
4
RAILW A Y AND IN DU STRIAL SECTION.
[VOL. LXXXXV.
anism, and its simple control and adaptation to vary the road pleasure automobile and business motor
ing conditions, still give it superior advantages which truck, so that less and less is heard of break-downs
practical men are loath to let go. Both types will and uncertain action. For signal-maintenance work,
probably find their appropriate spheres, from which telegraph and telephone inspection, equally with trackthe storage-battery car with its additional complex supervision, the rail motor car has been found a sub
machinery for the application of power and greater sidiary of the greatest value in the rolling stock equip
cost will find it hard to oust them. The Cuban Rail ment of the railroads.
For the minor official the inspection or emergency
way on which the new Edison storage-battery threemotor
car has taken the place of the heavy spare loco
car train is to be used will offer a fair test of the
motive
waiting with steam up and unemployed crew
battery’s capacity in long-continued practice. If the
for
the
sudden call. The expense and delay of a
claims made for the train are at all substantiated we
special
train
holding up ordinary traffic have been ob
may expect to see the storage-battery car playing a
great part in the branch lines the operation of which viated and for the road superintendent or road master
it is so often hard to conduct so as to cover the cost. and his assistant the rail motor car is the equal of the
It is in construction and maintenance-of-way work, special saloon car of the President of the road or Chief
however, that the internal-combustion engine has of Division.
In minor railway-wheeled equipment, the electric
found a scope peculiarly its own, in relation to railway
baggage
truck has fairly established itself at great
tracks. Handiness, lightness, easiness of manage
city
terminals.
Its use is rapidly extending and sev
ment, run-about and labor-saving qualities have given
it merit marks above those of its competitors. The eral of the foremost railroads have lately placed repeat
old familiar truck pumped by the eight men it carried orders, largely increasing their stock of these useful
to their section of track to be repaired is being re vehicles. On the platform the electric battery-driven
placed on the chief roads by the gasoline section motor truck, easily handled by the baggage master to convey
car. Twelve years ago a Michigan inventor applied heavy trunks from the baggage car to the delivery
the gasoline motor engine to the hand-worked truck wagon, has many advantages, owing to the simplicity
giving seats to three persons. Later models are of its mechanism and the absence of noise and smell.
lighter and improved, but the type of present-day prac In the next few years the equipment of the railways
tice is substantially the same. Its progress in recog with such handy vehicles for short-haul purposes may
nition was slow, for the track-layer is averse to changing be expected to become universal.
his customs and is apprehensive of machinery that may
THE RAILWAY SAFETY MOVEMENT.
in first appearances diminish the daily wage fund.
In
railway affairs hardly anything just at present
The improved all-steel track-inspection car has been
is
more
notable than the work undertaken by the
thoroughly tested in the three years of its use. Its
frame is pressed from one piece of steel and the engine railway companies themselves to lessen accidents by
is two-cylinder, two-cycle, air cooled and directly an earnest campaign to promote safety habits. It is
connected to the front wheel. Engine and seats are particularly interesting to know that the initial work
placed over the wheels on one line, the whole structure of the Co-operative Safety Congress, recently held at
being carefully balanced with the corresponding wheels Milwaukee, is to be continued on a thoroughly organ
on the other so as to make it easy to remove the whole ized permanent basis. A national organization to be
truck from the track by hand-lifting, though an ex known as the National Council for Industrial Safety
tremely simple device of a portable turntable can be will endeavor to knit together railways of every kind,
carried to expedite even this derailment. The weight steam and electric, in the common object of safe
guarding the public and reducing the liability to inof this car is 400 pounds.
The one-man car is another auxiliary motor car j uries ever surrounding the railway workmen. The Asso
whose utility has given it much popularity with section ciation of Iron and Steel Electrical Engineers deserves
foremen and in departments of railroad service where great credit for taking the lead in bringing into public
it is required to get from one point to another between notice the vigorous action that has already been taken
the running of regular trains. It runs either way up by some of the great railroads. It has been a year of
to about 20 miles per hour, weighs about 320 pounds exceptional disasters, both on land and sea. Exces
and seats one or two persons. As it has no compli sive speed is the cause which has struck the public
cated machinery a workman has as little difficulty in imagination. Railway authorities have done well to
mastering its operation as the owner of an ordinary take the opportunity of drawing the lesson, both for
the public and themselves, that “ Safety First” is the
motor car.
The section-gang car, again, by itself or used with chief desideratum in travel. What is being done for
a trailer, has become standard on many railroads. the prevention of accidents under the Government reg
This has a six-horse-power, four-cycle gasoline engine, ulations was described at the Congress by Mr. C. C.
giving a maximum speed of about 25 miles an hour, M’Chord, member of the Inter-State Commerce Com
with a weight of 1,200 pounds. Two are found mission. Necessary as are such compulsory measures,
sufficient for covering 30 miles of track, doing work the very rigidity of Government supervision is apt to
formerly handled by four crews with hand-cars. rob the workman of the faculty of self-protection.
Comparison gives a saving in time of 110 minutes per Bound round with rules, the railway operator may beman per day, the efficiency of the work being increased become indifferent and careless of danger, which
by the men arriving fresh at their work. Reduction would not be the case if he were solely dependent on
in the expense of track maintenance by the use of the primary instinct of self-preservation.
More promising is the spontaneous action of the rail
such cars is calculated to produce a saving of from $35
roads in directing the safety education movement.
to $50 per month per car in regular section work.
There are many thousands of these gasoline motor The Westport and other wrecks have shown all too
cars in service to-day. Improvement in detail and plainly that the existing rules have been violated and
experience in their use have given them a degree of orders disobeyed. Blame for the loss of life has been
trustworthiness corresponding to the development of shifted from one quarter to another. In cases where
O c t ., 1 9 1 2 .]
R AILW A Y AND IN DU STRIAL SECTION.
5
there is a doubt, there is a tendency to attribute the j ing for a halt to the speed craze. It has forbidden its
accident to unavoidable human error, even where the engineers, in making up loss of time, to run at more
cause is simply personal carelessness. The labor than 70 miles an hour, a speed which, it may be in
unions, in defence of their members, on their side, ferred, is now not infrequently exceeded with the pow
throw back the charge upon the management for de erful locomotives of the newest build under favorable
i
fective plants. The meeting, therefore, at Kansas conditions.
The same railroad has shown the possibility of re
City a short time ago, of officers and employees of
several railways is a remarkable sign of the spirit at ducing the loss due to industrial accidents, which in
work, infusing all ranks for internal reform. Doubt the aggregate has been estimated at $25,000,000
less, in circles outside the railways proper, the Indi annually. By introducing safety devices and conduct
ana Railway Commission, in making the subject of ing a campaign of education on lines of safety, the
safety the main theme of its annual convention, will Pennsylvania was able to lessen the nymber of serious
set the example for other authorities supervising rail accidents to its employees by 63%. The whole dis
cussion following a paper on “ Prevention of Accidents
way administration and operation.
To city street railways must be ascribed the credit in Railway Shops and Engine Houses,” read by George
of starting generally the education of the public in Bradshaw, describing the methods pursued by the
safety knowledge and by the inculcation of safety New York Central ItR., contained many suggestions
habits, as in the boarding and getting off of cars. In which, if generally acted upon by the railways of the
an age of hurry, this giving of simple advice, which country, must remove to a large extent the reproach
might otherwise seem superfluous, has been found to to which they are now often subjected.
be necessary; and, it is claimed, has brought about a
[RAILROADS IAND WATER CARRIAGE
diminished ratio of accidents. The annual returns of
CONNECTIONS.
a company’s claims department afford as good a test
Issues of profound national importance are wrapped
as any of the value of such educational work, and the
cases are not few in which definite good results can up in the inquiries started by Congress last session into
be traced. The same experience is now being quoted the relations of railroads with transportation by water.
by the steam railroads. During eleven months of the When the House Committee on Merchant Marine and
last fiscal year, for example, the claims department Fisheries first took up the investigation of the shipping
of the Santa Fe reported a reduction of nearly $250,000 trust under wide undefined terms of reference, it could
in claims paid on the entire system, as compared with not be foreseen that the committee would be led to
the whole of the previous fiscal year. Altogether, explore well-nigh the whole theory and practice of
there were fifty fewer persons killed and 1,363 fewer transportation by land and water. Yet this is what ap
persons injured. These results were in a large measure parently it is attempting to do, for one set of inquiries
due to a safety campaign instituted by the claims at has been followed by others of extended scope, so that
torney of the company for the purpose of persuading not only steamship lines but now the railroads have
the employees to get the “ safety habit.” In the year been delugedwith questions upon intimate details of the
there were 18 fewer fatal accidents to employees on business of railroading. If the information thus col
the lines east of Albuquerque and 1,146 fewer injured lected and placed at the disposal of the public lead to the
enlightenment of legislators, who have displayed lamen
on trains or in shops.
The work of the safety committees through which table ignorance of the fundamental principles of trans
railways are carrying on this safety campaign was fully portation, well and good. The first effect of recent
explained to the Milwaukee Congress by Mr. A. Hunter Congressional inquiries, however, as expressed in the
Boyd, chairman of the general safety committee of Panama Canal Act, seems to have been to check the
the Baltimore & Ohio, and by Mr. S. M. Braden, Gen energies of the railroad companies, restrict their opera
eral Superintendent of the Chicago & North Western. tions to limits which they had passed in natural de
On the Baltimore & Ohio between three and four hun velopment, and, through fear of undue aggregation
dred men are acting as safety missionaries, such safety of capital and its use in bulk, throw the railroad ad
committeemen being found more influential in reduc ministrators back to uneconomical methods of opera
ing the number of accidents than elaborate sets of tion that had been outgrown.
Whatever may be the trend of Government policy
rules. The adjustment of couplers by hand or foot
is the cause of a large proportion of injuries sustained in railroad legislation indicated by these inquiries, it
in train operation, no fewer than 209 employees being is perhaps as well that attention be directed to the
killed and 2,966 injured while coupling and uncoupling complexity of modern railroad operation in the inter
cars. The B. & O., in consequence of the work of relation of land and water carriage. Would-be
its safety committeemen, had the satisfaction of reduc legislators, after having the facts put before them in
ing the coupling accidents which caused loss of hands the hearings and investigations proceeding everywhere,
or feet from eleven cases in the first three months of must sooner or later be confronted by the simple
the year to two in the next three. Similarly, the Chi question: Where does the service of a railroad begin
cago & North Western, by a careful tabulation of and end, and is it good public policy to say to the rail
casualties during the 19 months ending July 1 1912, roads, “ Here you shall come and no further” ? Coun
corresponding to the previous 19 months, can point to terbalancing advantages in the public interest must
a decrease of 27.8% in the number of persons killed be very plainly shown if the effect of the curtai ment
and of 31.2% in injured. During the same period the of railroad service, as was stated in the annual report
number of trainmen killed was reduced by 55% and of the New York New Haven & Hartford RR. Co.
by President Mellen, is to deprive the New York
of injured by 44.1%.
As it led the way in an effective crusade to reduce receivers of a better delivery of goods through the com
the evils of trespassing on railway tracks— a very pany’s subsidiary water lines than cou d be given by
fruitful source of personal injuries and loss of life, en sole dependence on its land transportation. In this
tailing great expense to the railways— the Pennsyl case the operation of subsidiary water lines yielded
vania Railroad has gained another distinction in call little or no profit to the railroad company, and the
6
R AILW A Y AND INDUSTRIAL SECTION
shipper and the public gained the benefit of a service
the expense of which was borne by the whole system
of the railroad to give greater utility and efficiency,
The company could afford to part with an unprofitable
part of its service, the public being the sole loser. It
is conceivable that in cases where the enterprise of
a railroad is encouraged by reasonable profits, the pub
lic might be a severe sufferer by the compulsory
divorce of the railroad from its subsidiary concerns
feeding its traffic or through the segregation of the
interests interdependent upon its activities.
These considerations are suggested by the action
of the New York New Haven & Hartford R R . Co. in
separating from itself its steamship properties in com
pliance with the provisions inserted in the Panama
Canal Act. President Mellen in the annual report of
the company gave particulars of the subsidiary steam
ship companies which the New Haven has from time
to time acquired and utilized in water traffic along
the Sound as an alternative to its land lines. Details
of finance and material property were given which in
great part meet the questions on which the Alexander
committee of Congress sought information. But that
committee went a great deal farther than asking for
knowledge upon the relations between the railroad
proper and its steamship lines. It wishes to have at
its command full particulars as to the interest in ter
minals, in dock and wharf properties, warehouses
connected therewith, and in the operation of marine
equipment in ports of the lake or seaboard. How far
the railroads exert control over the dependent com
panies conducting these supplementary organizations
is one of the objects of the inquiry. Much of the in
formation acquired by the committee will no doubt
be interesting. But it is more pertinent to know if
the real object of these investigations is to enact laws
limiting the operation of the railroads in the direct
management of these auxiliary concerns. It is easy
to foresee, if such is the case, that a serious check may
be given to transportation developments. If the ef
fect of the segregation of properties is merely a nominal
transfer of control, and the companies organized to
take over the administration of shipping, docks and
terminal facilities are but the agents of the railway
companies, though not ostensibly, the net result will
be small indeed. By the nature of the case, the rail
way field is a narrow one for the creation of compet
itors such as seems to be expected in other industries
which have been disintegrated by law. The multi
plication of cogs unnecessarily is hardly likely to make
for efficiency and economy in railway transportation.
One cannot take this prospect seriously. Adverse
legislation of the sort is likely to be found invalid or
be speedily repealed on account of its injurious conse
quences. That the railways are not being deterred
from embarking on new undertakings required in the
natural course of their development is seen in several
instances. The purchase of a site on the water front
at Oakland by the Atchison Topeka & Santa Fe for
a freight terminal may be cited. Piers, car-floats
bridges and an industrial reserve are included in this
project. The North Pacific ports, San Francisco,
Portland, Seattle and others have schemes of water
front terminal improvements under way in which the
railroad companies serving those localities are neces
sarily co-operative factors. Against the free hand
enjoyed by their Canadian rival ports, fostered and
created by the Canadian Pacific and the Grand Trunk
Pacific, these cities will not allow themselves to be
hampered. In the seaports of the South and of the
Gulf the same conditions have arisen, quickened by
the approaching completion of the Panama Canal.
From Galveston and the minor budding ports of Texas
round to Charleston and Norfolk, the coast communi
ties are anxiously seeking means of bringing sea and
land transportation into closer affiliation. President
Finley of the Southern Railway makes special remark
in the recent annual report of the company of the regu
lar steamship service established between Mobile and
New Orleans and the great ports of South America.
[VOL, LXXXXV.
The railway agents are soliciting traffic for these lines,
and the success that has already attended their efforts,
says the report, encourages the hope that similar serv
ice may be established from other ports served by the
company’s lines.
What is being done at the greater North Atlantic
ports for the improvement of transfer freight terminals
at tidewater is matter of common knowledge. Phila
delphia, Boston and New York— the last lagging
simply from the magnitude of its conceptions and
designs— are already committed to the outlay of
scores of millions of dollars both of private railway and
of public capital guaranteed by the national, State
and municipal authorities. To prevent useless ex
penditure and to exercise a wise prevision for future
needs, full co-operation between the public’s represen
tatives and those who administer the railroad com
panies is absolutely essential. To obviate congestion
at these chief rail nerve-centres and to facilitate dis
tribution, union stations, freight as well as passenger,
belt lines used indiscriminately by the cars of all
companies, with classification yards and other acces
sories of the modern terminal system, are being planned
or enlarged. The connecting line round New York
and Brooklyn which will link eventually with con
tinuous rail the industries of New England and Penn
sylvania is likely to have many subsidiary lines join
ing it to the water-front terminals of the port. Of
these there are already eight At least half a dozen
more are contemp ated in the metropolitan area,
which includes Newark and some of the busiest manu
facturing towns of New Jersey close to the Hudson
terminals of the trunk lines reaching New York on
this side. The New York harbor terminal property
of the Pennsylvania, Erie, Lehigh Valley, Jersey Cen
tral and Lackawanna is assessed for the land tax of
New Jersey alone at $41,100,000. It is estimated
that the value of tracks, ferries, docks, bridges and
other structures would reach at least $90,000,000 more.
The intricate complexities that have grown up
among the various transportation agencies employ
ing these investments for a common purpose cannot
be easily snapped, cut, or even disentangled, without
great resulting confusion and loss. How the various
railroad corporations immediately concerned will deal
with the situation that confronts them will depend
upon individual circumstances. The Southern Pacific,
controlling the Pacific Steamship Mail and other
coast lines, may find its problem essentially different
from that of the New Haven. Repeal of restrictive
legislation, hastily passed at the fag end of a session
of Congress, may to some roads appear the only solu
tion. To others more hope may seem to lie in an
appeal to the Inter-State Commerce Commission for a
dispassionate review of the case, if that body, invested
as it has been with powers of ever-growing magnitude,
can hold the scales even between the claims of local
shippers and the particular railroad systems seeking
to earn profits that may help their development while
providing public carriage satisfactory to the com
munity they serve as a whole. The strongest argu
ment on which a railroad will have such an appeal to
the Inter-State Commerce Commission will be that
it cannot, either in its own interests nor in those of the
shippers whom it specially serves, acquiesce in a posi
tion where it would be barred from expansion along
the lines of modern methods of transportation employed
in Europe, and other countries of North and South
America, and likely to be followed on the opposite
shores of the Pacific. So urgent are the present
necessities of the railroads that the settlement of the
question relating to the relation between the land and
water operations of the railroads should be made as
soon as possible. Two considerations may advance it:
that there is an increasing disposition to bring rail
and water carriage into closer connection with one
another as co-ordinate and not opposing means of
transportation, and that, however the development of
the railroads which have helped to build up the country
may be impeded, it cannot be permanently arrested.
RAILROAD COMPANIES,
FOR M ISCELLANEOUS
COMPANIES,
SEE PAGES 143 TO 185, IN C LU SIVE
EXPLANATORY.— This Supplement Is expressly Intended for use In connection with the Investment news and official
reports published from week M
week In the “ Chronicle." Frequent reference Is therefore made to the volume and page of the “ Chronicle" (as V. 88, p. 000). where fuller Information
may bo found. Following also each statement Is given a reference to the latest news Item In the “ Chronicle” respecting the company. As every
such Item contains a reference to the last preceding Item, the reader can run back over the company's history at pleasure. Annual reports are la
black-faced figures.
Index.— Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.__The dividends tabulated In the text are those actually paid during the calendar years named. Irrespective of when earned; “ dlvs.” Is
frequently abbreviated "d lv .”
Securities.__These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
Net Earnings are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
Mites of Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Site or Par Value.— Shows (In dollars unless otherwise marked), the denominations or par value, "100, &o.,“ signifying $100 and larger.
Rate Per Cent.— The interest and dividend rate per annumIs here shown: g, gold; cur, currency, x, extra: s, stock or scrip.
When Payable.— J & J stands for January and July; F & A, February and August: M A S, March and September; A & O, April and October; M A N .
May and November: J A D, June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M, quarterly from March.
Bonds, Principal When Due, &c.— This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table: M for "mortgage” ; gen M for “ general mortgage” ; con M or consol M for “ consolidated mortgage” ; lno M for “ Income mortgage”
g for "gold ” ; o or cur for “ currency"; guar p & 1 for “ guaranteed principal and Interest” ; cum for “ cumulative” ; non-cum for “ non-cumulatlve”
conv for "convertible Into stock at holder’s option” ; pref for “ preferred” : pref p A d "preferred as to principal and dividends; s f for “ sinking fund” :
1 gr for "land grant” ; r "fully registered (no coupons)” ; c "coupon” ; c* “ coupon, but may be registered as to principal” ; r* "registered and coupon
bonds are Interchangeable” ; br "branch” ; end "endorsed” ; red, “ redeemable” ; dr’n or drawn, “ subject to call when drawn by lot” ; p m. “ per mile";
as’d, “ assumed"; x, “ payable without deduction for any tax.”
Mortgage Trustees and Stock Transfer Agents (TR Treasurer's Office) are Indicated thus:
PHILADELPHIA—
CHICAGO—
BOSTON—
N Y CITY— (Concluded)
NEW YORK CITY—
Central Trust Co of 111 AB — American Trust
FP — Fidelity Trust
CE
Un
— Union Trust
Ba — Bankers Trust
Us — United States Trust
cc — Continental & Com BB — Boston Safe Dep A Tr OP — Girard Trust
Ca — Carnegie Trust
QuP— Guaranty Tr & S Dep
mercial Tr A Sav Bk IB — International Trust
Usm — U S Mtge A Trust Co
Ce — Central Trust
P IP — Provident Life & Truat
FC — First Trust & Sav Bk NB — New England Trust
CK— Colum bla-KnlckcrPeP — Penn Co for Insur on
1C — Illinois Trust A Sav Bk OB — Old Colony Trust
BALTIMORE—
bocker Trust Co
Lives A Gr Annuities
MC — Merchants’ Loan & Tr SB — State Trust
BBa — Baltimore Trust
Em— Empire Trust Co
WP — W est End Tr & S D
NC — Northern Trust
CoBa — Continental Trust
ST LOUIS— Eq — Equitable Trust
— Royal Trust
A\St— Mississippi Valley Tr
F — Farmers' Loan & Trust FBa — Fidelity Trust Co
— Union Trust
PITTSBURGH—
SSt — St Louis Union Trust
MBa — Maryland Trust
(I — Guaranty Trust
CPi — Colonial Trust Co
SAN FRANCISCO—
MeBa— Mercantile Tr & Dcp VVC — Western Tr & Sav Bk
Mo— Mercantile Trust
LOUISVILLE—
CS — California Safe Deposit FPi — Fidelity Title & Trust
SBa — Safe Dep & Trust Co
N — New York Trust
PPi — Pittsburgh Trust
CL — Columbia Finance & Tr
& Trust
FL — Fidelity Tr & Safety V US — Union Trust Co
UP! — Union Trust
LL — Louisville Trust
Subscribers will confer a favor by giving immediate notice of any error discovered In these tables.
R A IL R O A D C O M P A N I E S .
[For abbreviations, A c ., see notes on first page]
A d iro n d ack R y — See D elaw are A H u d so n C o.
Akron & B arberton B elt— 1st M s f (te x t) g . U s m . o ’ Ar
A kron Can & Y o u n g — 1st M $ 1 ,5 0 0 ,0 0 0 g r e d 1 0 5 b e g ’ 15
M iles
Road
...
...
...
—
290
A la b a m a A V ic k s b u r g — S to c k (see te x t)
.
V ick sb u rg A M eridian 1st M g $ 1 ,0 0 0 ,0 0 0 — F .x o *
A la b a m a A V lok sburg cons 1st M $ 1 ,8 0 0 ,0 0 0 g -C e .o
2 d M orlg $ 7 0 0 ,0 0 0 g (1st M on 5 ,2 3 3 a o r e s ).C c .o
A lb a n y A N orthern — 1st M gold ( $ 5 0 ,0 0 0 a o prcf )- - 0
A lb a n y & S u sq — S to c k d ivid en d s guar by D A H (end)
1st M $ 1 0 ,0 0 0 ,0 0 0 g gu p A 1 c o n v (tc x t) -U s m .o ’ Ar
A lb a n y & V e r m o n t — S tock 3 % gu aranteed b y rental
A lb erta & G t W a t — 1st M d eb $ 7 ,4 0 0 ,0 0 0 g gu t e x t . .
A lg o m a C & H B a y — 1st M g gu red 105 t e x t .U s m .o *
S u p R o llin g S t k equip bds A A B , due 1 0 % y ly red
do
do
C d ue $ 7 ,5 0 0 y e a r l y ........................ ..
1 9 02
1910
1878
1 8 88
1905
1006
1909
F irst M gold e x t In 1 9 0 8 (V 8 5 . p 1 6 4 5 , 1 4 6 0 ) - - - F . o
Car tru st $ 5 0 ,0 0 0 d u e sem i-a n n u a lly g o ld _________ N
Do
$ 7 4 ,0 0 0 due s-a gold (V 8 2 , p 8 6 7 ) ________
Do
Series D , d ue $5(3.000 s -a (V 8 8 , p 1559) _
A la b a m a M id la n d — S ee A tla n tlo C oast L in e R R
A la N O T e x & Pac Jet — Preferred " A ” sto ck 6 % cum
Date
Bonds
75
143
143
143
143
35
142
12
—
1890
18 90
1890
1 9 06
1881
1889
1 8 89
Par
Value
1 ,0 0 0
1 .0 0 0
50
50
1 ,0 0 0
£100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
£10
£10
£ 5 0 &c
£ 2 0 Ac
£ 2 0 Ac
1 .0 0 0
100
1 ,0 0 0
100 Ac
100 Ac
1 ,0 0 0
10 0
1 ,0 0 0 A c
10 0
1 ,0 0 0
19 09£100
1 9 10
1911 $,’ £ , A c
1 9 12
1 8 96
1 9 06
Belt line at Barberton. O.. and
Falrlawn to Akron. ().; total. 40.2 m. Stock, $100,000, owned equally
by the Cleveland Akron & Cincinnati, Balt. A Ohio, Erie RR. and Northern
Ohio Ry. Bonds auth., $1,500,000- issued, $1,100,000; $123,000 redeemed
by sinking fund; $400,000 reserved for future requirements. Drawn at 105
yearly for sinking fund of $11,550 per annum.— (V. 78, p. 2508.)
A K R O N C A N T O N & Y O U N G S T O W N R Y . — To extend from Canton to
Youngstown, 0 ., via Mogadorc, with branches, of which 18 M m. from Akron
to Mogadorc almost completed Oct. 1912. Incorp. In June 1907. Stock,
all Issued, $1,500,000. The bonds ($1,500,000, all out) arc subject to call
at 105 after Jan. 1 1915; the stockholders voted to redeem them not later
than July 1 1910; Cleveland Trust Co., trustee. V. 92. p. 1434; V. 95, p. 078.
Pres II. B. Stewart, Canton, O.; Trcas., R . M. Raff; Sec., W m. Simpson.
— (V. 02. p. 1434; V. 95, p. 078.)
A L A B A M A G R E A T S O U T H E R N R R .— (See M ap Southern R y .)— Owns
Wauhatchto, Tenn., to Meridian, Miss., 291 miles; leases Wauhatchlc to
Chattanooga, 5 miles, and Belt Ry. of Chattanooga, 49 miles; owns half
interest In Woodstock A Blocton R y., 8 miles; trackage to Gadsden, Ala.,
6 miles; total operated, 358 miles.
ORGANIZATION.— Controlled by Southern R y., but operated Inde
pendently. V. 81. p. 1722: V. 82, p. 159. Owns $833,300 stock of South
western Construction Co. received In exchange for $833,300 Cincinnati New
Orleans A Texas Pacific stock.
DIVIDENDS.— '0 1 .'0 2 . '03. '04. '05 t o '08. '09. TO. ’ l l .
1912.
Common stock____ 0 0 0 0
0
2
414
5 June, 214
Pref. stock----------- 9
9 10
9 6 yearly
6
6
6
6
In 1910, on common, June, 2% ; Deo., 214%; 1911, 5% (J. A D.).
BONDS.— Gen. mtge. 6s, £484,000, will retire first 6s and debentures.
LATEST EARNINGS.— 11912.............. Gross, $792,500; net, $228,197
2 mos., July 1 to Aug. 31. /1911............Gross, 720,489; net, 228,648
ANNUAL REPORT.— Report for year ending June 30 1911, In V. 93, p.
1186. In 1911-12, gross, $4,775,891; net, Including outside operations,
$ 1,2 0 9 ,2 1 1 ; other Income, $395,922; deductions, $592,536; balance for stock.
$1,012,596; pref. dlvs. (6% ), $202,821; com. dlv. (5% ), $391,500; balance,
surplus, $418,275.— (V. 91. p. 1628; V.93, p. 1104,1185; V.95. p. 1038.)
A L A B A M A NEW O R L E A N S T E X A S & P A C IF I C J U N C T IO N R A I L
W A Y S ( L t d .) .— An English co. controlling Ala. A Vicksburg, 143 miles;
Vicks. Shreveport A Pao.. 189 m.; New Orleans A Nor. East., 196 miles.
DIVIDEND.— Pref. " A ." 314% Mch. 1908: 2 >4% Mch. 1910, and
414% Mch. of 1911 and 1912; In arrears from April 27 1884 about 168%.
SECURITIES OWNED.— Alabama A Vicksburg $30,000 1st mtge.,
$352,400 2d mtge., $141,100 consol, mtge. and $1,168,000 stock: Vicks
burg Shreveport A Pacific, $1,613,000 gen. mtge. $2,080,100 pref. and
$2,773,500 com. stock; New Orleans A North Eastern, $5,295,000 gen.
mtge., $1,500,000 Incomes and $5,328,700 stock; Southwestern Construc
tion Co., $448,700 stock; Railroad Lands Co.. $108,850 (of $120,000) stock.
COUPON PAID— For: '94. '95. '96. '97. '98. '99. '00. '01. '02 to '12.
"B ”
do
.................% .875 1
2H 254 4H 5
5
5 5% yearly
"0 “
do
.................% ................................... 1 54 . . 254 5% yearly
E A R N IN G S . — In cal. year 1911 net from Investments was $204,918;
paid general expenses (£4,374), Income tax (£11,486), Interest on " A ” de
bentures (£35,259), on " B ” debentures 5% (£49,362), on "C " debentures,
8% paid Oct. 1 1911 (£38.169); sink, fund to extinguish debenture dlsaount, £4,600, brought In from 1910, £3,239 dlv. pref. " A ” (4 54%).
£63,562: balance, surplus, £1,345.— (V. 94, p. 628; V. 95, p. 907 )
A K R O N & B A R B E R T O N B E L T R R .—
Amount
Outstanding
Rate
%
When
Payable
J
$ 9 7 7 ,0 0 0
4 g
J
6 g
1 .5 0 0 .0 0 0
7 .8 3 0 .0 0 0 5 In 1911 J
3 ,3 8 0 .3 5 0 6 In 1 9 12 F
J
1 .7 5 0 .0 0 0 5 (6) g
J
5 g
£ 8 1 0 ,0 0 0
$ 2 5 0 ,0 0 0
4M K F
M
5 1 8 ,0 0 0
4 H
J
7 0 0 .0 0 0
4 «
A
D
A
J
A
D
A
A
A
J
A
D
A
A
A N
A
J
£ 1 ,5 0 0 ,0 0 0 S ee te x t M aroh
£ 2 ,5 0 0 ,0 0 0
M A N
£ 7 4 8 ,8 5 0
5 g
M A N
£ 1 .0 4 8 ,3 9 0
5 g
A
A
O
£ 8 1 0 ,0 5 3
5 g
$ 6 6 2 ,0 0 0
A
A
O
2 ,1 0 0 ,0 0 0 7 In °1^ 12
Y e a r ly
1 .0 0 0 ,0 0 0
6 g
A
A
O
5 8 6 .0 0 0
5 g
A
A
O
4 3 4 .9 0 0
A
A
O
5 g
5 ,0 0 0 ,0 0 0
J
A
J
4 0 0 .0 0 0
5 g
A
J
3 ,5 0 0 ,0 0 0
1 2 .4 5 J
See te x t
A
O
3H g A
6 0 0 ,0 0 0
' 3
M A N
7 ,4 0 0 .0 0 0
J
A
J
5 g
J
A
D
1 0 ,0 8 0 ,0 0 0
5 g
6 5 2 ,5 0 0
V arious
6 g
7 5 ,0 0 0
6 g M A N 15
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Juno 1 1 9 4 2
J u ly 1 1 9 30
June 2 7 '1 2 , 2 H
A u g 2 8 '1 2 , 3 %
Deo 1 1 9 2 7
Deo 1 19 27
T o F eb 1 9 15
T o M ay 1 1916
J an '1 3 -J u ly T 9
U S M tg e A T r C o . N Y
F arm L A T r , N Y ; A Boa
G ly n , M ills, C A C o . Lon
B lair A C o , N e w Y o r k
F ran k lin T r u st C o , N Y
E m p ir e T r u st C o , N Y
M c h '1 2 .
London
N ov
N ov
N ov
O ct
S ep t
Apr
Apr
Apr
4 H%
11940
1 1940
1 1940
1 1956
4 1912 7 %
1 1921
1 1921
11921
F irst cou p Jan 1 9 1 2
Glyn,
M ills, C A Co, Lon
do
do
do
do
C o lu m b -K n lc k T r C o , NY
C en tral T ru st C o . N Y
do
do
do
do
do
do
Jan 1 1 9 46
fla m o ie t o n A C o , Balt
J u ly 1 9 1 2 , $ 4 .5 0 D el A H u d so n C o , N Y
do
do
A p r 1 1946
N o v 15 1 9 12 1 M T r o y . N Y
Jan 1 1 9 5 9
N Y , M o n tre a l A London
Jun e 1 1 9 6 0
T o N o v 15 1921
T o M a y 15 1 9 2 2
A L A B A M A T E N N E S S E E & N O R T H E R N R R .— O w n s R e fo r m . A l a ., on
M ob ile A O h io , to Y o r k , 75 m iles, co m p leted D e c . 1 9 1 0 .
S to c k a u th o rize d ,
$ 1 0 ,0 0 0 per m ile; o u tsta n d in g , $ 5 5 0 ,0 0 0 .
O f th e bond s ( $ 1 ,5 0 0 ,0 0 0 a u th . Issu e), $ 2 3 2 ,0 0 0 w ere Issued ag a in st
th e first 2 9 m iles, $ 3 0 ,0 0 0 h a v e been Issued for a steel bridge o v e r the
T o m b lg b e e R iv e r , $ 1 0 ,0 0 0 were Issued for a steel b ridge ove r th e N o x u b e e
R iv e r , rem aind er Issuable a t th e rate of $ 8 ,0 0 0 per m ile for a d d itio n a l
m ileage, b u t on ly w hen the net earn ings on c o m p leted m ileage for th e pre
viou s fiscal year are eq u ivale n t to Interest on b on d s to b e Issued In ad d ition
to b ond s o u tsta n d in g , an d $ 2 6 0 ,0 0 0 for eq u ip m en t on th e basis o f 1 0 -1 lth «
o f cost of e q u ip m e n t. V . 8 3 , p . 1 0 3 6 . G u aran tee s. Jointly w ith T o m b lg b e e
V a lle y R R . , th e M ob ile T e rm in al A R y . 1st 6s ( $ 5 0 0 ,0 0 0 a u th . Issu e), of
w hich $ 2 5 0 ,0 0 0 o u tsta n d in g .
V . 91 , p. 716.
In A p r . 1 9 12 sold $ 1 5 0 ,0 0 0
6 % serial n otes m atu rin g $ 5 ,0 0 0 m o n th ly from M a y 1 1 9 1 2 to O c t. 1 19 1 5 ,
b u t red ee m ab le a t 1 0 1 .
V . 9 4 , p. 1181.
F or ye ar en d in g Ju n e 3 0 19 1 2 ,
gross. $ 1 0 5 ,1 8 9 , again st $ 1 2 0 ,1 9 4 in 1 9 1 0 -1 1 ; n e t, $ 7 3 ,1 1 9 , a gain st $ 5 7 ,2 2 2 .
F or one m on th en d ing J u ly 31 19 1 2 , gross, $ 2 0 ,9 0 9 , again st $ 9 ,2 4 3 In 1 9 1 1 ,
n et, $ 1 0 ,4 1 8 , again st $ 4 ,3 1 5 .
P res., J oh n T . C och ran e, M ob ile , A l a .;
A s s t . S e c ., W m . G o o d m a n , N . Y . — ( V . 9 1 , p . 7 1 6 ; V . 9 4 . p . 1 1 8 4 .)
A L A B A M A & V I C K S B U R G R Y . — O w n s V ic k sb u rg to M erid ian , M is s .;
an d b ra n c h , 14 3 m iles. C ontrolled b y A la b a m a N e w O r l. T e x a s A P a o .
S T O C K .— S to c k w as Increased from $ 1 ,0 5 0 ,0 0 0 to $ 2 ,1 0 0 ,0 0 0 In Juno
1 9 1 0 , th e new sto ck being d istrib u te d as a 1 0 0 % sto ck d iv id en d .
D I V I D E N D S . — 1 8 9 0 to 1 8 9 2 , 3 % y e a rly : 1 8 9 6 , 3 % : 1 8 9 7 to 1 8 9 9 . 5 % 1
1 9 0 0 to 1 9 0 2 , 6 % y e a rly ; 19 0 3 , 9 % : 1 9 0 4 to 1 9 1 2 , 7 % y e a r ly .
Stock
d ivid en d 5 0 % in 1 9 0 0 an d 1 0 0 % in 1 9 1 0 .
B O N D S .— $ 1 ,0 0 0 ,0 0 0 consols are held to retire V ic k s . A M erid ian firsts.
E A R N I N G S .— 2 m o s ., ( 1 9 1 2 .......................G ross, $ 2 9 6 ,1 3 9 ; n e t , $ 8 0 ,9 6 8
J u ly 1 to A u g . 3 1 .
1 1 9 1 1 .......................G ross,
2 4 9 ,9 8 8 ; n e t,
5 2 ,0 7 0
R E P O R T .— Fiscal ye ar ends J un e 3 0 .
R e p o r t. V . 9 3 , p . 1 1 8 8 .
Years—
Gross.
Net Inc.
Int., Ac. Bal.,Sur.
Dividend.
1 9 1 1 -1 2 .............. $ 1 ,6 0 5 ,1 9 0
$ 3 8 8 ,8 0 2
$ 1 3 0 ,7 7 3 $ 2 5 8 ,0 2 9
( 7 % ) $ 1 4 7 ,0 0 0
1 9 1 0 - 1 1 - ............ 1 ,7 4 1 ,9 8 3
4 8 8 .4 2 1
1 2 2 ,1 6 4 3 6 6 ,2 5 7
( 7 % > 1 4 7 ,0 0 0
— ( V . 9 1 , p . 1 1 5 9 , 1 2 4 8 : V . 9 3 . p . 1 0 2 1 , 1 1 8 8 ; V . 9 5 . p . 9 6 7 .)
A L A S K A N O R T H E R N R A I L W A Y . — P rojected from Sew ard on sou th
c oast of A la sk a n orth to near F a irb a n k s, an T a n a n a R iv e r , 4 5 0 m iles.
Of
th is, 7 1 m llcs from S ew ard north were In operation S e p t. 1 1 9 0 9 , an d 4 2 m iles
p a r tly c o n stru c te d .
P rojected 3 0 m iles to coal fields an d 3 0 0 m iles to
Id lta r o d gold fields.
Successor to A la sk a C e n t. R y ., foreclosed O c t . 11
1909.
V . 8 9 , p . 1 1 4 0 . 12 2 2 : V . 8 7 . p . 2 8 1 .
S to c k a u t h ., $ 3 0 ,0 0 0 ,0 0 0 .
o u tsta n d in g . B ond s au th orize d . $ 3 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 5 ,0 0 0 ,0 0 0 .
P r e s., O scar G . L a b e re c, S p o k a n e , W a s h .— ( V . 8 9 , p . 1 2 2 2 .)
A L B A N Y & N O R T H E R N R Y . — A lb a n y , G a .. to C ordele, 3 7 m iles.
In F ebru ary l 9 l 0 th e G eorgia S ou th w estern A G u lf acquired c o n tr o l.
V.
9 0 , p. 50 3.
S to c k , $ 3 5 0 ,0 0 0 ; par o f sh ares, $ 1 0 0 .
O f th e b on d s,
$ 5 0 ,0 0 0 h a v e a prior lien.
See official s ta te m e n t, V . 7 6 , p . 7 4 9 .
Car tru sts
6 s , $ 1 2 ,0 0 0 . d ue $ 3 ,0 0 0 ye a rly to N o v . 1 1 9 1 6 In clu sive.
Y e a r ending
J uno 3 0 1 9 0 9 . gross, $ 7 9 ,6 9 9 ; net In com e, $ 1 2 ,7 6 1 ; ln t. on b o n d s, $ 2 1 ,4 5 8 )
ta x es an d ren tals. $ 4 ,5 3 2 ; b a l., d e f ., $ 1 3 ,2 2 9 .
P res, an d G e n . M g r ., W . M .
L e g g ; S e c . an d T r e a s ., H . J . B r u to n . O ffic e , A lb a n y , G a .y— ( V . 9 0 , p . 5 0 1 )
A L B A N Y & S U S Q U E H A N N A R R .—
(See Map Delaware A Hudson.)—
R O A D .— O w ns A lb a n y t o B in g h a m to n , N . Y . , 142 m iles.
L E A S E D for term o f ch arter, v i z ., 15 0 years from A p ril 19 1 8 5 1 , to D e l. A
H u d so n C o .; rental w as 9 % per a n n u m on stock (see g u a r a n ty , V . 5 6 . p .
7 7 4 ) , b u t th e courts h avin g h eld th a t th e sto ck Is en titled to th e b en efit of
refu n d in g eficcted In 1 9 0 6 , $ 1 2 0 ,7 5 0 a d d ition al ren tal Is paid In J a n .
y e a r ly , b egin nin g 1 9 1 0 , m ak in g 3 . 4 5 % a vaila b le for e x tra d ivid en d s on
th e s to c k .
A special d ivid en d o f 3 0 % ($ 1 ,0 5 0 ,0 0 0 ) w as paid N o v . 16 1909
8
R A IL W A Y
R A IL R O A D C O M P A N IE S .
[For abbreviations,
<fcc.,
see notes on fir s t pane]
S T O C K S
M iles Date
Road Bonds
A lg o m a E a st R y — M a n A N o Sh 1st M g gu r e d . U sm c
S u p R o llin g S to c k equ ip b d s ser D d u e $ 2 0 ,0 0 0 y r ly
A lle g h e n y & W e s te r n — S to c k $ 3 ,5 0 0 ,0 0 0 ) .........................
60
F irst M $ 2 ,5 0 0 ,0 0 0 gold guar p & 1 (e n d )_____Q .c *
60
A lle g h e n y V a lle y — See P en n sy lv a n ia R R
A lle n to w n T e r m in a l— 1st M gu ar p <Ss I (end) g _ _ C e .x o *
3
A m a d o r C e n tr a l— 1st M gold ( 2 % s t begins 1 9 1 3 ) _____
13
A n n A r b o r — F irst m tg e $ 7 ,0 0 0 ,0 0 0 g o ld _____M p .x c *
292
2 -y e a r g n o te sse o b y $ 1 .OOO.OOOImpt A e x tb d s red 101
I m p t an d e x t M $ 1 0 ,0 0 0 ,0 0 0 gold
E q u ip b o n d s, ser A gold due $ 3 3 ,0 0 0 s 'e m t-a n n .-B a
do
ser B g due $ 3 0 ,0 0 0 s -a red 1 0 2 ^ ( V 9 2 , p 59) . c
10 2
A p a la c h ic o la N orthern R R — F irst m tg e $ 2 ,0 0 0 ,0 0 0 g . .
A r iz o n a E astern — G ila V ail G1 & N 1st M gold g u .A lp
12 5
F ir st refu n d in g m o r tg a g e ________________
______
A r k a n s a s L ou isian a & G u lf— 1st M $ 6 ,0 0 0 ,0 0 0 g o l d . . _ . 14 3
A sh e v ille & S p artan b u rg— See S ou th e rn R y , Carolina
A sh la n d C oal & Iron — S to c k _______________________________
22
F irst refu n d in g m o r tg a g e $ 4 0 0 ,0 0 0 g o l d . ................. N
A tc h ison & E astern B rid ge— I s t M g s f r e d a t p a r _ .C e
5 t c h T o p & S anta Fe R y — S to c k , com $ 3 5 0 ,0 0 0 . 0 0 0 . .
• S to c k p ref $ 1 3 1 ,4 8 6 ,0 0 0 5 % n o n -c u m ...............................
14 2
C hicago & S t L o u is 1st M ( $ 1 0 ,0 0 0 p m ) c u r _____F .c
440
C hicago S a n ta F e A C alifornia 1st M g o I d .B B .c ’ Ar
8 ,5 6 9
G eneral m o r tg a g e g old (see t e x t ) . . ...............U n .c ’ A r
• A d ju s t Inc M c u m sin ce J u ly 1 1 9 0 0 g . . C e , c * & r 8 ,5 6 9
•
do
do
In terest s ta m p e d p a y a b le M A N ________ 8 ,5 6 9
480
•^Eastern O k la h o m a D Iv 1st M $ 9 ,6 0 3 ,0 0 0 g . - G . c * A r
694
i *T r a n sco n S L 1 s t M $ 3 0 ,0 0 0 ,0 0 0 g red H O . - Q x c ’ &r*
• D e b gold Ser K A L $ 2 ,5 0 0 ,0 0 0 ea ch , call 1 0 5 G c A r
• B o n d s $ 4 9 ,7 1 1 ,0 0 0 c o n v com stk red (te x t) _ G .c * A r
• B o n d s $ 2 6 ,0 5 6 ,0 0 0 c o n v com s tk r e d (te x t) _ Q .x c * A r
, .
• B o n d s $ 2 8 ,2 5 8 ,0 0 0 g c o n v c o m stk r e d ( t e x ) G .x c * Ar
• B d s $ 4 3 ,6 8 6 ,0 0 0 g c o n v c o m s tk r e d ( t e x t ) Q .x c * A r*
141
H u tc h ln & S o 1st M g red 10 5 sin ce 1 9 0 8 . . . O B . c *
• S an F r A S an J o V a l 1st M g call 1 1 0 a f t 1 9 1 5 - - B a .c
372
63
!• G u lf B e a u m o n t A K a n sa s C ity 1st M g o ld _________
•
do
do
2d M ($115,500 are 6 s)..............
63
[ • S a n ta F e Pres A P h o e n ix — 1st M $ 5 ,0 0 0 ,0 0 0 g B a x
19 5
1911
1912
1898
Par
Value
Am ount
Outstanding
$, £ , Ao
$100
1 ,0 0 0
1889
1908
1895
19 11
1911
1909
1911
1905
1894
1 ,0 0 0
500
1 ,0 0 0
1 ,0 0 0
1907
1 .0 0 0
1900
1898
1885
1887
1895
1895
1895
19 03
19 08
19 02
1905
1907
19 09
1910
18 98
1896
18 93
18 93
18 92
A N D
1.000
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
[V O L . L X X X X V .
B O N D S,
Rate
%
When
Payable
£ 5 1 3 ,6 0 0
2 0 0 ,0 0 0
$ 3 ,2 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
5
6
6
4
g
g
g
g
M &
S
M & N 15
J
A
J
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See tex t
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1 1 4 ,1 7 3 ,7 3 0 5 in 19 12
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Places Where Interest ana
Dividends are Payable
B k o f M o n t, L o n & N Y
M ch 1 1 9 6 1
T o M a y 15 1 9 2 2
J u ly 1 1 9 1 2 3 % A Iselln & C o . N e w Y o r k
do
do
O ct 1 1998
J J u ly 1 1 9 1 9
N N ov 2 1 93 8
J u ly 1 19 9 5
N M a y 1 19 13
N M a y 1 1941
N T o N o v 1 1919
.1 T o Jan 1 1 9 21
S S ep t 5 1 9 2 5
N N ov 11924
A
Q—
Last Dividend
and Maturity
S ep 2 0 1 9 1 2 1 %
M a y 1 1925
J u ly 1 1 9 2 8
D ec 2 ’ 12 1 H %
A u g 1 1 9 1 2 2 J4
M ch 1 1 9 1 5
Jan 1 1 9 3 7
O ct 1 1995
J u ly 1 1 9 9 5
J u ly 1 1 9 9 5
M ch 1 19 2 8
J u ly 1 19 5 8
F eb 1 1 9 1 3 -1 9 1 4
June 1 1 9 5 5
June 1 1 9 1 7
June 1 1 9 5 5
J un e 1 1 9 6 0
Jan 1 1 9 2 8
O ct 1 1940
A u g 1 1913
Aug 1 1 9 1 3
S ept 1 1942
N e w Y o r k A P h ilad e lp h ia
U n io n T r C o , S a n F ra n
M e tro p o lita n T r C o , N Y
E m p ir e T r u st C o , N Y
do
do
B an k ers T r C o , N Y
E m p ir e T r u st C o , N Y
In d efa u lt
S o P ac C o 16 5 B w a y N Y
N Y M o r t T r ; & Col S prg
C heck fr o m C o’ s office
N e w Y o r k T r u st C o , N Y
C en tral T r u st C o, N Y
C hecks m ailed fro m N Y
do
do
5 N a ssa u S tr e e t, N Y
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
A m erican T r C o , B o sto n
do
do
B ank ers T r u st C o , N Y
fr o m th e p roceeds o f th e ju d g m e n t for b ack ren tals d ue b y reason o f re
A N N U A L R E P O R T for 1 9 1 1 -1 2 w as In V . 9 3 , p . 1 2 5 6 .
June 3 0 —
fu n d in g .
V . 8 9 . p . 1141. 1666: V . 90 . p. 91 3.
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
G ross ea rn in g s----------------------------- ---------- -B O N D S .— T h e $ 1 0 ,0 0 0 ,0 0 0 3 H s Issued to refu nd th e $ 1 0 ,0 0 0 ,0 0 0 6s and
$ 2 ,1 2 0 ,3 8 4 $ 1 ,9 3 4 ,6 1 6
$ 1 ,8 5 6 ,1 6 0
7s A p ril 1 1 9 0 6 w ere In J u n e 1 9 0 5 offered a t par pro ra ta to stock holders of
N e t a fte r t a x e s __________________________
3 7 8 ,3 8 3
5 2 5 ,4 3 0
4 5 3 ,2 3 6
th e D . A H .
T h e b o n d s are g u a r . p . & l . , an d u ntil A p ril 1 1 9 1 6 con verti
N e t In c o m e _______ ___________ ___________ _
4 5 1 ,1 5 8
5 7 6 ,6 5 6
5 0 6 ,0 7 4
b le In to D . & H . sto ck — $ 5 0 0 sto ck for $ 1 ,0 0 0 b o n d s.
O f th e b ond s $ 3 ,3 6 0 ,8 6 3
D e d u c t— in terest, hire of e q u ip ., A c .
3 9 6 ,3 7 2
3 4 2 ,9 2 8
* 5 6 ,0 0 0 h ad been co n v e rte d to O c t 1 9 1 2 .
V . 80 , p . 1174, 1362, 2343.
B e tte r m e n ts _______________________________
5 ,9 9 7
F o r m o f g u a r a n ty , V . 8 2 , p . 9 8 9 .
P resid en t. A r th u r W . B u tle r ; V Ic e -P r e s., G e o. W e lw o o d M u rra y ; S e c . an d
B a la n c e , su rp lu s.........................................
$ 1 8 0 ,2 8 4
$ 1 6 3 ,1 4 6
$ 8 4 ,2 9 4
T r e a s ., W . L . M . P h e lp s.
( V . 9 0 , p . 9 1 3 ; V . 9 3 . p . 1 2 5 8 .)
D I R E C T O R S .— Joseph R a m s e y J r ., N e w m a n E r b , W . M . W a d d e n ,
ALBANY & VERMONT RR.— O w n s road fro m A lb a n y to W a te r fo r d J e t ., H . H . H a rriso n , F . K . C u rtis, T . D . R h o d e s , V/. J . W o llm a n , L e r o y W .
N.
Y . , 12 m iles.
L e a sed to R ensselaer A S a ra to g a In 1 8 6 0 an d n ow oper B a ld w in , E . S . L y o n , F rederick H e r te n ste ln a n d J . N . T h o m p s o n .
P r e s .,
a te d b y D e law are A H u d so n C o .
A n n u a l r e n ta l, $ 2 0 ,0 0 0 .
Joseph R a m se y J r .; S e c ., H . B . B la n ch a r d .— ( V . 9 5 , p . 9 6 7 .)
ALBERTA & GREAT WATERWAYS RY.— In N o v . 1 9 0 9 $ 7 ,4 0 0 ,0 0 0
APALACHICOLA NOR. R R — ARIZONA EASTERN RR.— See p . 140.
1st M . d e b . 5 s , g u a r . p . A I .b y th e P rovin ce o f A lb e r t a , w ere sold In L o n d o n ,
ARKANSAS LOUISIANA & OULF RY.— M on roe to H a m b u r g , L a . , an d
b u t In D e c . 1 9 1 0 th e P rovin ce fo r m a lly canceled th e agree m e n t a n d w ill use
C r o sse tt, A r k ., 6 1 H m iles, w as op erated O c t . 1 9 1 1 .
T o b e e x te n d e d from
th e proceeds for general purposes an d n o t con stru c t th e r o a d .
V . 91, p.
H a m b u r g , A r k ., to P ine B lu ff, 8 1 M m iles.
S to o k a u t h ., $ 3 ,0 0 0 ,0 0 0 ; ou t
17 10 ; V . 93 , p . 1323: V . 94 , p. 27 7 , 1184.
S ta n d a r d T r u st C o . o f W in n i
O c t . 1 9 1 1 , $ 1 ,2 3 1 ,0 0 0 .
B o n d s ( $ 6 ,0 0 0 ,0 0 0 a u th . Issu e), C o lorad o T it le A
p e g , tru ste e .— ( V . 9 4 , p . 2 7 7 , 1 1 8 4 .)
................................................................ j •
T r u st C o . o f C olorad o S p rin gs, C o l., tru stee; $ 2 ,8 6 0 ,0 0 0 w ere su b sc rib ed for
Year ending
ALGOMA CENTRAL & HUDSON BAY RY.— O w n s fro m S a u lt S t e . Ma
rie, O n t ., to R e g e n t , 91 m iles; branch to H elen M in e , 12 m .
B ein g e x
ten d e d to a co n n ec tio n w ith th e C a n . P a o . R y . so as to run from S a u lt S te .
M arie to n ear H o b o n , O n t ., 2 2 0 m iles, w ith bran ch es, 2 2 m . , th e H a w k e
L a k e -H o b o n section bein g op erated from S e p t. 1 9 1 2 an d m ain line fro m M ile
6 8 to H a w k e L a k e J e t . to b e c o m p leted In 1 9 1 2 ; to ta l to b e 2 5 4 m iles. V . 9 5 ,
p . 7 4 8 . C ash su b sid y , 6 ,4 0 0 per m ile . L a n d g r a n t, a b o u t 1 ,6 5 5 ,0 0 0 ac res.
S to c k , c o m m o n , $ 5 ,0 0 0 ,0 0 0 , all ow n ed b y L a k e Sup erior C orp o ra tion ,
w hich gu arantees th e 5 % b o n d s (see ta b le a b o v e ) , to b e Issued a t $ 3 0 ,0 0 0 per
m ile , an d h old s $ 1 ,1 2 5 ,0 0 0 o f th e $ 5 ,0 0 0 ,0 0 0 5 % n o n -c u m . p ref. stock for
th e ben efit o f th e r o a d .
In J un e 1 9 1 0 £ 7 7 0 ,0 0 0 b on d s w ere offered In L o n
d on a n d In O c t . 1 9 1 0 $ 1 ,0 0 0 ,0 0 0 In P aris.
V . 91 , p . 9 3 , 1159, 1327, 1573.
T h e series A a n d B e q u ip m en t b o n d s, $ 5 0 0 ,0 0 0 ea ch , d a te d M a y 15 an d
A u g . 15 1 9 1 1 , m a tu r e $ 5 0 ,0 0 0 each series y e a r ly .
V . 9 2 , p . 1 6 3 5 ; series C,
$ 7 ,5 0 0 y e a rly .
V . 94, p. 1382.
Y e a r en d in g J un e 3 0 1 9 1 1 , gross, $ 8 0 0 ,1 1 1 ;
n e t , $ 2 3 9 ,3 3 5 .
P r e s ., T . J . D r u m m o n d , M o n tr e a l, Q u e .; S e c ., T h o m a s
G ib so n , T o r o n to , O n t .; T r e a s ., A . H . C h lt t y .— ( V . 9 5 , p . 7 4 8 .)
ALOOMA EASTERN R Y. — O w n s from S u d b u r y , O n t ., to C rean H ill;
2 3 m . ; b ran ch e s, 3 m . ; ex ten sion fro m S u d b u r y to L ittle Current (M an ltou lln
Isla n d ) throu gh n ick el a n d c opp er d istric ts, 8 6 m . , to b e c o m p leted late In
1 9 1 2 . F o r m e r ly M a n lto u lln & N o r th S hore R y ., n a m e b ein g ch an ged M a y 19
1911.
C o m p a n y w ill receive on c om p letion a lan d gran t o f 7 0 3 ,2 0 0 acres In
O n tario and cash subsidies from P r o v . an d D o m . o f C a n . V . 9 2 , p . 2 6 5 : V .9 5 ,
p . 7 4 8 . C o m . sto ck as Increased M c h . 1 1 9 1 1 , $ 2 ,0 0 0 ,0 0 0 , an d p ref. 5 % , n on c u m ., $ 1 ,0 0 0 ,0 0 0 , o f w hich $ 1 ,0 0 0 ,0 0 0 an d $ 8 0 0 ,0 0 0 , r e sp e c tiv e ly , to b e
ow n ed b y L a k e S up erior C orp o ra tion .
B o n d s a u t h ., $ 3 ,0 0 0 ,0 0 0 1st M . 5 0 year gold 5 s , Issuable a t $ 3 0 ,0 0 0 p er m ile , gu aran tee d , principal an d Inter
e s t, b y L a k e S up erior C orp o ra tion .
I n J u ly £ 5 1 3 ,6 0 0 b on d s were offered In
London.
T h e y axe su b je c t to call as a w hole a t p ar or m a y b e d raw n a t
1 0 5 fro m su bsid ies or th e proceeds o f lan d sale s.
S ub sid ies an d lan d sales
m a y be used to m a k e good a n y deflolenoy In b o n d Interest u ntil M arch 1 9 1 6 .
V . 92 , p. 39 6, 46 2, 52 7, 1032; V . 93 . p. 227, 40 6.
E q u ip m e n t b ond s (series
C S up erior R o llin g S to c k C o ., L t d . ) , $ 2 0 0 ,0 0 0 , m a tu re $ 4 0 ,0 0 0 y e a rly to
M a y 15 1 9 2 2 .
V . 9 4 , p . 1382.
Y e a r en d in g J u n e 3 0 1 9 1 1 , gross, $ 9 8 ,8 2 2 ; n e t, $ 2 6 ,3 8 3 .
P r e s ., T . J .
D r u m m o n d , M o n tr e a l, Q u e .; S e c ., T h o m a s G ib so n , T o r o n to , O n t .; T r e a s .,
A . H . C h lt t y .— ( V . 9 3 . p . 2 2 7 , 4 0 6 , 7 9 5 : V . 9 4 . p . 1 3 8 2 ; V . 9 5 , p . 7 4 8 .)
on a c co u n t o f 14 3 m iles u nd er c o n str u c tio n .
V . 86, p. 106.
F or year en d .
J un e 3 0 1 9 1 2 , g ro ss, $ 8 4 ,0 6 0 ; n e t d e fic it, a fter t a x e s , $ 3 4 ,1 5 1 ; other In c om e,
$ 1 ,1 0 4 ; in te re st, A c . , $ 6 7 ,2 0 5 ; b a l., d e f ., $ 1 0 0 ,2 5 2 . P r e s ., A lfr e d C ow les,
C h icago; V . - P . , P . B . S te w a r t, C olorad o S p rin g s, C o lo .; T r e a s ., W m . A .
O tis; S e c ., C . E . T it u s , C olorad o S p r in g s, C o lo .— ( V . 8 6 , p . 1 0 6 .)
ARKANSAS & MEMPHIS BRIDGE & TERMINAL CO.— V. 94, p. 277.
ARKANSAS OKLA. & WESTERN RR.— S ee K a n sa s C ity & M e m p h ls R y .
ATCHISON & EASTERN B R ID G E — O w n s railroad a n d w agon bridge
a t A tc h is o n , K a n . , con n ectin g w ith th e u n ion s t a tio n .
U se d b y th e A t c h .
T o p . A S a n ta F e . th e C h ic. R . I . A P . , th e M o . P a c . an d th e C h ic. B u r l. A
Q u in c y .
S to c k , $ 7 0 0 ,0 0 0 : p ar, $ 1 0 0 per sh are.
P res, an d T r e a s ., I I . P .
E els, C levelan d, O .— V . 6 7 , p . 5 7 8 .)
(THE) ATCHISON TOPEKA & SANTA FE RY. —
M a p .)— T h e sy s
te m op erated J u ly 1 1 9 1 2 com p rised 1 0 ,7 3 3 m iles o f railroad a n d em b raced
a n u n b rok e n line o f tra ck fr o m C h ic ago, 111., v ia K a n sa s C ity , M o ., a n d A l
b u q u er q u e , N . M . , to th e Pacific O c e a n ; also to G a lv e sto n , T e x ., a n d th e
G u lf o f M e x ic o . F o r o p eratin g purposes th e 1 0 ,7 3 3 m . are d iv id ed as fo llo w s.
(See
S ou th e rn K a n . R y . o f T e x a s 1 2 4 .9 2
T e x a s A G u lf R y .........................
1 2 5 .8 0
G u lf & I n te r -S ta te R y . ( V . 9 1 ,
p . 5 8 8 . ) ......................................
7 1 .9 7
C oncho S an S a b a A L la n o
V a lle y R R .................................
6 0 .1 5
T h is Is ex clu sive o f 5 0 .9 2 m iles o f new lines com p leted on la st-n a m e d
d a te , all o f w hich w ill be r ea d y for op eration sh o r tly .
A ls o c o n tr o ls,
th rou gh ow n ership o f secu rities, or ow n s Jointly w ith oth er r d s ., 6 6 3 .0 1 m .
C u t-o ff T e x lc o , N . M . , to B row n w o o d , T e x . , 3 0 0 m iles, w ith b ra n c h e s;
to ta l a b o u t 5 0 0 m ites, com p leted In N o v . 1 9 1 1 .
V . 8 9 , p . 2 2 3 ; V . 9 2 , p .1 7 0 0 .
I n D e o . 1911 sold to S ou th ern Paolflo C o . th e line from N o g a les to G u a y m a s ., M e x ., 2 6 3 m iles, r eceivin g In ex ch an ge th e S o u th e rn P acific lin e from
M o ja v e to th e N eed les; also sold to th e S ou th e rn PaclQo th e A r iz o n a A N ew
M e x ic o R R . , B e n so n , A r lz ., to N o g a le s, M e x ., 88 m ile s.
T h e C alifornia
A r iz o n a A S a n ta F e R y . w as In corp orated In C alifornia w ith $ 5 0 ,0 0 0 ,0 0 0
au th orize d sto ck to ta k e o v e r th e line fr o m M o la v e to th e N e ed les a n d th e
A tc h iso n bran ch , from C ad iz, C a l., to W lo k e n b u r g , A r lz ,, 19 5 m iles, an d
oth e r lines In S outhern California an d A r iz o n a .
See B O N D S b e lo w .
ALLEGHENY & WESTERN RY.— (See M ap D u ff. Roch. & P i t t s . ) —
V . 94 , p . 67 . 48 6, 629; V . 9 5 . p . 54 3.
„
„ „
, „
P u n x su ta w n e y to B u tle r , P a ., 6 0 m iles. A n ex ten sion o f B u ffalo R o ch ester
I n 1 9 0 0 acqu ired con trol o f G u lf B e a u m o n t & K a n sa s C ity an d G u lf B e a u
A P ittsb u r g h , to w hloh leased In p erp etu ity for g u a r a n ty o f bon d s a n d 6 % o n
m o n t A G reat N o rth e rn , w hich are leased .
V . 76, p. 751; V . 77 , p. 1224.
s t o c k . Uses B a lt . & O h io fr o m B u tler to N e w C astle an d P ittsb u rg h u n d c r a
L eases C ane B elt R R . , 10 5 m iles (en tire sto ck o w n e d ).
V . 85 , p. 598.
tra ck age arr a n g e m e n t, m a k in g In all 1 4 7 m . V . 7 0 . p . 8 4 9 .— ( V . 8 2 , p . 6 9 1 .)
T h e sto ck h o ld e rs w ere to v o t e O o t . 2 4 1 9 1 2 on a cq u irin g th e C a llfo rn la ALLENTOWN RR. — T o p t o n to K u t z t o w n , P a ., 4 .3 9 m . S to c k . $ 1 ,2 6 8 . A r lz o n a A S a n ta F e , E astern R y . o f N e w M e x ., D o d g e C ity A C Im arron
V a lle y R y ., V erd e V a lle y R y . an d S u n set V a lle y R y .. A c . V . 9 S , p . 5 4 .
8 8 4 (p ar $ 5 0 ) , ln c l. $ 1 ,0 7 1 ,4 0 0 p ledged u nd er R e a d in g C o . g e n .M . N o b o n d s.
O R G A N I Z A T I O N .— T h is c o m p a n y w as organ ized on D e o . 1 2 1 8 9 5 u n d er
ALLENTOWN TERMINAL RR.— O w n s 2 .9 1 m iles o f railroad In A lle n
th e general law s o f K a n sa s b y th e purchasers a t foreclosure sale o f th e
to w n , P a ., c o n n ectin g th e E a s t P e n n . (P h lla . A R e ad in g) w ith the C e n t, o f
V . 60, p. 658.
N.
J.
L eased for 9 9 9 ye a rs to P h lla . A R e a d , an d C e n t, o f N . J . ( b y assign p rop e rty an d franchises o f th e A t c h . T o p . A S . F e R R . C o .
T h e railw ay c o m p a n y In J u ly 19 12 ow n ed in fee 7 ,1 7 6 .9 1 m iles o f s y s t e m ,
m e n t from L e h ig h Coal A N a v ig a tio n C o.) a t Interest on b on d s an d 5 % on
an d also a ll, or n early a ll, th e b ond s an d stock s o f the variou s com p a n ie s In
$ 4 5 0 ,0 0 0 stock (p ar $ 5 0 ) , b on d s b ein g gu aran teed , principal an d In terest,
w hich th e title to th e oth er lines Is v e ste d .
V . 6 8 , p. 974.
b y P h lla . A R e a d . R R . Co. (foreclosed) an d L eh igh C oal & N a v ig a tio n .
S a n Francisco A S an J oaq u in V a lle y R y . w as m erged A p ril 1 9 0 1 .
AMADOR CENTRAL RR.— lo n e to M a r tell, C a l.. 12 m . S to c k , $ 4 0 0 ,0 0 0 ;
H
a
s
a
Joint
Interest
w
ith
th
e
S
ou
th
e
rn
P
acific
In th e N orth w e ste rn P a c lflo .
p ar, $ 1 0 0 . D ivid end s paid In 1 9 1 1 -1 2 , 6 2 - 3 % . U n ion T ru st C o ., S an Fran
N E W S E C U R I T I E S . A c .— T h e stock h o ld e rs on O o t. 2 6 1 9 1 1 ( V . 9 3 .
c isco , Is m ortgage tru ste e . V . 8 8 , p . 1 5 6 . Y e a r en d in g J u n e 3 0 1 9 1 2 , gross,
p . 5 2 6 , 4 0 6 ) au th orized : (1) T h e Increase o f th e c o m m o n sto c k from
$ 1 0 4 ,8 5 4 ; n et In com e, $ 4 6 ,1 8 9 ; ln t. & t a x e s , $ 1 9 ,0 3 9 ; ex tra o rd in a ry , $ 4 ,8 9 5 ;
$ 2 5 0 ,0 0 0 ,0 0 0 ( V . 8 8 , p . 1001) to $ 3 5 0 ,0 0 0 ,0 0 0 ; (2) th e Issue o f n o t e x ce ed in g
b a l., s u r ., $ 2 2 ,2 5 5 . D ivid e n d s p a id , $ 2 5 ,0 0 0 , fro m ac cu m u la te d su rp lu s.
$ 1 0 0 ,2 8 9 ,0 0 0 c on ve rtib le b o n d s; (3) th e Issue o f general m t g e . b o n d s r e
T o t a l surplus J un e 3 0 1 9 1 1 , $ 2 6 ,6 3 4 .
P r e s ., F . J . S o lln sk y , S an F ra n cisc o .
served to purchase th e line from N eed les to M o ja v e , an d (4) of $ 1 0 ,8 0 0 ,0 0 0
O ffic e , M a r te ll, C a l.— ( V . 8 8 , p . 1 5 6 .)
ANN ARBOR RR.— O w n s from T o le d o , O., to F r a n k fo r t ,o n L a k e M ic h ., p ref. stock reserved for variou s (purposes, A o . N on e Issued to O c t. 1 9 1 2 .
S T O C K .— T h e preferred sto ck has preference as to assets a n d n o n -c u m u 2 9 2 m iles; tra ck a g e, T o le d o to A le x is , 9 m iles; op erates car ferries betw een
la tlv e d ivid end s n o t exceed ing 5 % per a n n ., as declared b y th e b o a rd o f d i
F r a n k fo r t, M ic h ., K e w a u n ee an d M a n ito w o c , W l s . , an d M e n om in ee an d
rectors o u t o f n et p rofits.
N o other m t g e . an d n o increase in th e p r e f. s to o k
M a n lstlq u e , M ic h .
W a b a s h an d P ere M a r q u e tte u se T o le d o term in als.
can b e m a d e w ith ou t consent o f m a jo r ity o f all p r e f. o u tsta n d in g an d o f a ll
E n tir e c a p . stook o f M a n lstlq u e A L a k e S u p erior, M a n lstlq u e , M ic h ., to
c o m . stock represented a t a m e e tin g .
T h e to ta l a u th . a m o u n t o f p r e f. Is
E v e ly n , 4 2 m . (w ith b ra n c h , 13 m .) w as p urchased In 1 9 1 1 . V . 9 2 , p . 1 1 0 8 .
$ 1 3 1 ,4 8 6 ,0 0 0 , o f w hloh $ 1 0 ,8 0 0 ,0 0 0 reserved to a cqu ire oth er lines (see
S T O C K ., A c .— C o m m o n , $ 3 ,2 5 0 ,0 0 0 ; p r e f., $ 4 ,0 0 0 ,0 0 0 ; 5 % n o n -c u m .,
“ N e w S ecurities, A c . , ” a b o v e ) ; also $ 6 ,4 8 6 ,4 7 0 In special tru st for Im p r o v ’ ts ,
par $ 1 0 0 .
P ref. stook c e r t ., see Issue O o t. 3 0 1 8 9 7 , p . 3 .
V . 94, p. 20 5.
e x te n ’s, A c .
P r e f. stock c e r tfs. In "S u p p le m e n t ” o f A p ril 1 8 9 7 , p . 3 .
T h e A n n A r b o r C o . w as Incorporated J a n . 5 19 11 as a h old in g c o m p a n y
D I V .—
-o o . -0 1 . ’ 0 2 -’ 0 5 . *06 ’0 7 . ’0 8 . ’0 9 . ’ 1 0 . 1 9 1 1 .
1912.
w ith $ 7 ,2 5 0 ,0 0 0 a u th . sto c k , o f w hich $ 4 ,0 0 0 ,0 0 0 p ref. an d $ 3 ,2 5 0 ,0 0 0
C o m m o n ( % ) ................. o
8 > * 4 y ’ ly . 4 > *
6
6 5>* 6
6
6
c o m m o n (par $ 1 0 0 ) , th e stock b ein g offered, share for sh are, for th e A n n
Preferred ( % ) _______
4 5
5 y 'l y . 5
5
5
5
5
5
5
A r b o r R R . stock (ln cl. th e $ 3 ,0 0 1 ,0 0 0 c o m m o n an d $ 2 ,1 9 0 ,0 0 0 p ref. bid in
B O N D S .— T h e G e n . M o r t . (A b s tr a c t V . 6 2 . p . 7 3 1 -7 3 9 : seo also V . 6 8 .
a t au ction b y R a m s e y c o m m itte e N o v . 2 5 1 9 1 0 .)
In A p ril 1911 $ 2 ,9 7 1 ,9 0 0
p . 9 7 4 ; V . 8 6 , p . 1098) gives a Hen, eith er b y direct m ortgage or b y collateral
p ref. an d $ 2 ,1 5 8 ,2 0 0 c o m . h ad been ex ch a n g e d .
V . 92 , p . 59 , 116, 3 2 1 .
tru st, on 8 ,5 6 8 .9 9 m . o f th e s y s te m , together w ith all th e e q u ip m e n t an d
B O N D S .— In M a y 1911 $ 6 0 0 ,0 0 0 5 % gold n ote s w ere so ld , secured b y
term inals ow n ed b y the c o m p a n y , an d fu tu re a c q u isitio n s.
d e p o sit o f $ 1 ,0 0 0 ,0 0 0 Im p ro v e m e n t an d ex ten sion 5 % b o n d s o f a n ew lssu e,
General Mortgage 4 s —Amounts Reserved—
In 1895.
In 1 9 1 2 .
lim ite d to $ l O ,0 0 0 ,0 0 0 , to b e a first Hen on $ 4 0 0 ,0 0 0 o f n ew e q u ip m en t an d
$ 2 ,3 3 9 ,3 8 3
T o retire gu ar, fun d n otes paid an d car t r u sts ............$ 1 5 ,5 0 0 ,0 0 0
a secon d Hen on en tire road w ith all other e q u ip m e n t, e tc .
V . 92, p . 1108.
U n d erlyin g b o n d s . . . .................................................................
3 .0 0 0 ,0 0 0
2 ,0 0 4 .9 6 0
E A R N I N G S — 2 m o s . , / 1 9 1 2 . ................... Gross, $ 3 6 3 ,6 4 3 ; n e t, $ 1 3 0 ,4 6 7
For Im p ro v e m e n ts, term in als, second tra ck , A c . . . 3 0 ,0 0 0 ,0 0 0
1 .8 5 2 ,1 0 2
J u ly 1 to A u g . 3 1 .
\ 1 9 1 1 .................. G r o s s ,
3 7 1 ,5 1 0 ; n et,
1 4 1 ,3 4 6
For acqu isition o f A tla n tic A P acific an d oth er lines 2 0 .0 0 0 ,0 0 0
6 . 7 3 1 ,5 5 4
A tc h iso n T o p e k a & S . F _____8 ,2 0 0 .8 6
R io G ran de A E l P a s o ..............
2 0 .2 1
G u lf C olorad o & S a n ta F e . . 1 ,5 9 6 .0 6
P ecos A N o r . T e x a s R y _____ 4 7 8 .6 7
P ecos R iv e r R R ............................
5 4 .2 4
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10
R A IL W A Y
R A IL R O A D C O M P A N IE S .
[F or abbreviations, & c., see notes on irst page.)
S T O C K S
Miles Date
Road Bonds
Atchison Topeka & Santa Fe— (Concluded)—
Prescott A Eastern 1st mtge prln A lnt guar - -C c
45 1898
Cal-Ar L IstA ref M $50,000,000 g red 1 l().(i.x c* Ar*
835 1912
1907
Athens Terminal Co— 1st M gold redeem 105___N.c*
Atlanta Birin & Atl— Atl A fl R y 1st M red llO .O B .c*
337 1904
R eceivers’ certfs $5,000,000 auth red par________ c
1912
1906
A tl Blrm A A tl 1st M $30,000,000 g red 106--OB.C*
1900
Joint coll tr notes g ext 1910 A 1912 red p a r.-E a .e *
1906
E quip bonds due $60,000semi-annually_________Eu
1907
E quip bonds Ser B (V 85, p 39) due $86,000 s -a -_ _ (i
1907
Georgia Terminal Co 1st M $4,000,000 g gu p A 1-OB
1907
Alabam a Tcrm ’ l R R 1st M $4,000,000 g gu p A 1 OB
263
Atlanta & Charlotte — Stock (see te x t)_____ _____ Atlanta Knoxville & Northern R y — See Louisville A N ashvlll e
85 1908
Atlanta & St Andrews Bay— 1st M $1,000,000 g r e d ..
85 1908
2d M ($1,000,000 auth)
_____
3.3 1903
Atlanta Terminal— First mtge $1,500,000 g o ld .G .c’ Ar
86
Atlanta & W est Point— Stock $2,500,000 a u t h .83 1889
Atlantic C ity— First Mtge $2,200,000 g o ld .-G u P .x c*
___ 1900
A tlantic City purchase" m oney real estate m tg e .-G P
66 1898
All
1901
1st cons M*$4,500.000 gold guar________________ (iP
___ ____
Atlantic Coast Line Co (Conn)— Stock $30,000,000-1897
Certfs of Indebt Inc non-cum $5.000,000. ..S B a .r
___ 1900
do Class I) red 105 after N ov 1920 (V 89,p 1666)
___ 1905
do redeemable at par since 1910---------------------___ ____
Atlantic Coast Line R R — Stock com m on (te x t )---------___
Class " A ” com stock tax exem pt (R ich A Pet certfs)
Preferred stock 5 % _________________________________
1902
Coll tr M gold secured by L A N stk r d 1 0 5 -.c* A r
Unified mortgage gold $200,000,000 authorized------ 4,181 1909
1909
Conv debs $23,562,500 red 105 after May '1 6 -SBa.r
40 1907
Wash A Van 1st M $1,500,000 g gu p A l-.S B a .c *
89 1910
Wlnst-Salem S o’ bd 1st M $5,000,000g g u .lls.x c* Ar*
1907
Equip trust bonds gold $225,000 due s -a .-S B a .c*
1911
Bonds to be Refunded by Unified 4 j —
First consol M $51,326,000 gold (te x t)--F .c * A r * 3.945 1902
1902
Certificates o f Indebtedness (n ew ).............................
102 1883
North East (S C) cons M gold Flor to Charleston__c
696 1898
Atlantic C L of S C gen 1st M fist on 594 m lgSB a.c*
A N D
Par
Value
Amount
Outstanding
$1,000
$ A £
1,000
1,000
100
1,000
1.000 Ac
1,000
1,000
1,000
1,000
100
$224,000
18.299.095
200,000
4,090,000
4,200,000
14,185.000
6,216.800
480,000
800,000
3,000,000
2,445.000
1,700,000
1,000
100 Ac
1,000
1,000
1,000
1.000
425,000
425,000
1,500,000
2,462,600
2,200,000
75,000
350,000
1,850,000
17,610,000
5,000.000
01,800
3,000,000
59,080.000
1,000,000
198,500
35,000.000
6,167,000
.9,455,600
720,000
5,000.000
2.025,000
2,375,000
1,000 Ac
100 Ac
1,000
1,000
51,326,750
232,900
657,000
6.547.000
1,000
100
1,000
1,000
1,000
100
100 Ac
100 Ac
100 Ac
100
100
100
1.000 Ac
The Adjustment Mortgage (A bstract, V . 62, p. 739) is to the Central Trust
Co. aa trustee. Interest Is payable only out of net earnings up to 4 % In each
year, cum ulative since July 1 1900. Present Issue Is limited to 551,728,000,
but when the $30,000,000 general 4s authorized for Improvements as above
have been Issued, $20,000,000 additional adjustm ent 4s m ay be Issued for
the same purpose at not exceeding $2,000,000 In any one year, but only by
a m ajority vote of the adjustm ent bondholders. Interest— In N ov. 1897
paid 3 % ; since, full 4 % yearly.
Eastern Oklahoma division 4s of 1903, V . 76, p. 434; V . 79, p. 1331;
V . 84, p. 1549: V . 85, p. 598; V . 86, p. 980. 1041.
The “ Trans-Continental Short IAne” first gold 4s of 1908 arc limited to
$30,000,000 auth. Issue. The $17,000,000 sold In A ug. 1908 covered 694
miles then In operation; the remaining $13,000,000 can be Issued at $25,000
per m ile. On June 30 1911 there were In operation 837.11 miles and under
construction 182.44 miles. The 837.11 miles In operation com prised the
line from Amarillo, T e x ., to Pecos, T e x .. 376.50 miles; Clovis Jet., N. M .,
to R io Pucrco, 255.90 miles; Canyon City, T ex ., to Slaton J et., T ex ., 120.12
miles; and branches aggregating 84.59 m. V . 87. p. 479, 878.
Tho debenture 4s of 1902 are paid off $2,500,000 yearly from treasury
cash. See V . 74. p. 150. 204: V . 75. p. 680; V . 77, p. 2338.
The 4s o f 1905 ($49,711,000 auth. Issue) are convertible Into com . stock
at par between June 1 1906 and June 1 1918. V . 79, p. 2695; V . 80, p. 649;
V. 81, p. 1174; V . 82. p. 391. 867. The $26,056,000 Issued in 1907 are con
vertible at Dar to June 1 1913. V .8 4 , p. 1051, 1112; V . 85. p. 97, 283, 529,
The $28,258,000 4s of 1909 are convertible Into com m on stock at par to
June 1 1918. V . 88, p. 1435, 1559. The $43,686,000 4s of 1910 are con
vertible Into com . stock at par on and after June 1 1913, but prior to June 1
1923. V . 90, p. 913, 1043, 1612; V . 92, p. 393, 593, 1700.
The several issues of convertibles must be secured by any future mtge.
covering the lines owned at time the convertible Issue was m ade, and may
be called at 110 on any Interest day, but when called m ay be converted
Into stock provided the time for conversion has not expired.
• The Callfornla-Arlzona Lines 1st and ref. m tge. of 1912 ($50,000,000 auth.
Issue, of which $18,300,000 4 )4s were sold in Mch. 1912) covers 835 miles
of road. Including the line from Needles to M ojave, 242 miles, which was
acquired from the Southern Pacific C o., on which there are outstanding
$4,127,500 Son. Pac. bonds due N ov. 1 1937. The latter also cover over
1,000 miles of Sou. Pac. C o., which has agreed to Indemnify the Cal. Arlz.
& Santa Fe R y . against any claim on account thereof.
Of the remaining Cal.'-Arlz. bonds, $26,533,000 are Issuable for not
exceeding the actual cash expenditures for betterments. Improvements and
additions on and after Jan. 1 1912 and $5,167,000 are reserved to refund the
underlying bonds, $4,940,000 Santa Fe Prescott A Phoenix 5s, $224,000
Prescott A Eastern 5s and $3,000 on the line from Goffs to Ivanpah, Cal.,
45 miles. V . 94, p. 649, 696, 766; V . 95, p. 543.
L A TE S T E A R N IN G S.— 11912____Gross, $18,590,782; net, $6,075,091
2 m os., July 1 to A ug. 31.J1911___Gross, 10,889,285; net, 5,017,220
For 2 m os. o f 1912, bal. after taxes, $5,311,732, agst. $4,397,913.
R E P O R T .— Annual meeting fourth Thursday In O ctober. R eport for
year end. June 30 1912 was given In V. 95, p. 962, 980; sec also p. 937.
1911-12.
1910-11.
1909-10.
Average miles operated__________
10,628
10,350
9,916
Operating revenues.............................$107,752,360 $107,565,116 $1(41,993,195
Operating expenses....... ...........
71,273,203
70,768,252
69,761,820
T a x e s ......................
4,206,454
3,474,607
4,006,419
Operating Income...............
$32,272,703
Other Income_____________________
2,569,968
$33,322,257
2,207,366
$31,224,956
2,550,055
T otal In c o m e -.............................. $34,842,671
Interest on bon d s________________ $13,660,859
Hire of equipment, rentals, A c___
1,918,530
Dividends on pref. stock ( 5 % ) ___
5,708,690
Dividends on com . stock ( 6 % ) ___ 10,168,185
Additions and betterm ents......... ..
3,300,000
$35,529,623
$12,712,319
1,860.370
5,708,690
9,932,460
5,000,000
$33,775,011
$11,984,151
2,068,294
5,708,690
9,648,030
4,000,000
[V O L . L X X X X Y .
B O N D S.
Rate
%
When
Payable
A
5
4 J4 e M
5 g ,1
J
5 g
.1
5 g
J
5 g
M
5 g
M
5
5
.1
J
5 g
J
5 g
7
M
6 g
5
4 g
6 in 1912
5 g
4H
5 g
4 g
12 In ’ 12
5 cur
4
4
7 in 1912
7 in 1912
5 In 1912
4 g
4 g
4
4M g
4 g
4 g
4H g
4 g
4
6 g
4 g
A
A
A
A
A
A
A
Last Dividend
and M aturity
A
O Apr 1 1928
S Mch 1 1962
,1 July 1 1937
.1 Jan 1 1934
J July 1 1913
.1 Jan 1 1930
N May 1 1915
N May ’ 1 3 -N o v ’ 10)
J Jan '13 July '17
.1 Jan 1 1927
J July 1 1927
S Sept 4 1912 3 H
A
o Oct 1 1938
A
A
A
A
A
J A D June 1 1953
.1 A .1 July l 1912 3%
M A N May 1 1919
A A () Apr 1 1930
A & O Apr 1 1948
A J July 1 1951
J
0 — M Sept 10 ’ 12 3%
.1 A D Irredeemable
J A J
1 A J Jan 1 1925
J A J July 101912 3 u
.1 A J July 10 1912 3H
.\r A N N ov 11 1912 2 Vi
M A N Oct 1 1952
J A 1) Dec 1 1959
M A N N ov 1 1939
F A A Feb 1 1947
A J July 1 1900
J
M A S T o Mch l 1917
J & 1) T o Deo 1 1921
M
M
J
J
A
&
A
A
S
N
J
J
July 1 1952
Irredeemable
Jan l 1933
July 1 1948
Places Where Interest and
Dividends are Payable
Central Trust Co, N Y
5 Nassau St, New York
New York Trust Go, N Y
Old Colony Trust Co, Bos
Farmers’ L A Tr Co. N Y
Jan 1909 coupon not paid
N ov 1912 coupon paid
N ov 1912 coupon paid
July 1912 coupon paid
Jan 1909 coupon not paid
Jan 1909 coupon not paid
U S Mtge A Tr Co. N Y
New Y ork and Atlanta
Guaranty Trust Co, N Y
Atlanta, Ga
Reading Term inal. Phlla
do
do
do
do
Baltimore
In 1911 paid 5%
In 1912 paid 4%
In 1912 paid 4%
Treas Office, W llra, N O
do
do
do
do
J P Morgan A Co, N Y
United States Tr Co, N Y
Safe Dep A Tr Co. Balto
U S Tr Co. N Y A Balto
United States Tr Co, N Y
U S Tr Co, N Y . A Balto
United States Tr Co, N Y
Treas Office, W llm , N O
United States Tr Co, N Y
Safe Dep A Tr Co, Balto
to pay equipment trusts to July 1 1913, leaving $1,044,825 for Im prove
ments. V. 94, p. 1762, 1694.
General Committee.— Edwin S. Marston (Chairman), Frederick A yer;
Samuel Carr and John I. W atcrbury requested deposits of all securities and
unsecured debt of com pany and allied properties. Depositaries, Bankers
Trust C o., N. Y ., and Old Colony T r. C o., B oston. V . 88, p. 1196; V . 90,
p. 235: V . 92, p. 116, 1563; V. 94, p. 1248.
Committee for First o s.— S. H . Fessenden, Philip S tockton and F . H .
Farrar. City Trust Co. of Boston, depositary. V . 88, p. 99, 157, 684.
Committee for Joint Collateral Notes and First 5s.— Geo. C. Clark, Chair
man; Geo. C. Clark Jr., S ec.; Equitable Trust C o., N. Y ., and American
Trust C o., Boston, depositaries. V. 88, p. 623, 685, 943.
ST O C K .— Par of shares, $100; Issued, com m on, $25,000,000; preferred,
$10,000,000. O f these, $17,000,000 com m on and $5,600,000 preferred d e
posited under collateral trust notea.
B ON DS.— Of the 5s of 1906 ($30,000,000 authorized Issue), $14,185,000
have been Issued, of which $5,005,000 Is deposited under coll, trust notes.
The coll, trust 5% notes (originally $8,000,000, but reduced to $6,239,
200 and extended In 1910 and 11) 12, per plan V. 90, p. 1237, 1295; V. 94,
p. 1248) arc a Joint obligation of the railroad and tho Atlantic A Birmingham
Construction Co. The Interest until paym ent thereof Is guaranteed b y th*
shareholders of the construction com pany or the syndicate raising $800,000
cash for the plan. T hey are secured by deposit of $5,005,000 A tl. Blrm. A
Atlantic 1st M. bonds and $5,600,000 pref. and $17,000,000 com . stock of
the railroad, $4,000,000 W oodward Iron Co. com m on stock and the $1,
100,000 stock and $1,000,000 bonds of Brunswick SS. C o., tho last-men
tioned being guaranteed by A tlantic Gulf A W est Indies SS. C o., which In
1910 purchased the five boats owned. V. 82, p. 1267; V . 83, p. 35, 1290;
V. 84, p. 270; V . 85, p. 1404; V . 88, p. 451, 503; V. 94. p. 412, 766. 1059,
1248. The Construction Co. also has outstanding notes that are not Joint
obligations. See V . 95, p. 681. Equipm ent obligations other than In table
above, $60,000 5s, maturing $10,000 quar. (Q .-M .) to March 1 1914.
The Georgia Terminal Co. and A labam a Terminal R R . (controlled b y th*
A tl. Blrm. A A tl. R R .) were placed In receiver’s hands In Fob. 1909, their
bonded debts being, respectively, $3,000,000 and $2,445,000. V. 84, p .
1427, 1551; V . 85, p. 470, 1204; V. S3, p. 155, 227, 451. 503,563; V . 91.
p. 465; V. 93, p. 1323.
1
LATEST E A R N IN G S.— f 1912............... --G ross, $504,652; net, $60,211;
2 m os., July 1 to Aug. 3 1.{1911_____ - -G rois, 487,822; not, 122,271.
Statement for year ending June 30 1912 In V . 95. p. 888, showed; Gross,
$3,246,302, against $2,810,410 in 1910-11; net, $676,825, against $662,593;
other Income, $36,654; taxes, $173,500; lnt. (on equipts., $8*4,833: 1st 5s,
$20*4,500; receiver’s ccrtlfs., $162,500). $451,833; rent of terminals (not
incl. Georgia A Alabama term inals), $272,250; m lsc. deductions, $36,798;
bal., d e f., $220.902.— (V . 95. p . 883.)
A T L A N T A & C H A R L O T T E A I R L I N E R Y . — (See M ap Southern, R
ailway
System .)— Owns Charlotte, N. C ., to Arm our, Ga., 263 miles.
The operating contract of 1881 accepted by the Southern R y . requires ths
paym ent of Interest on A t. A O. d ebt and 5% on stock; If gross earnings ex
ceed $1,500,000, dividends to be 6 % , and If they exceed $2,500,000, 7 % .
The $5,500,000 bonds w eroextended to Jan. 1 1920 at 4 H % , purchased
b y the Southern R y . and placed under Its consol, m ortgage. V . 89, p.1595.
D IV ID E N D S ,
J1881 to ’ 89. 1890. 1891 to Mch. ’01 lncl.
Since.
P e rc e n t_______
l 5 yearly.
5H
6 yearly (M A S ).
7 yrly.(M A S )
Pres., C. S. Fairchild, New Y ork.— (V . 89, p. 1595.)
A T L A N T A & S T . A N D R E W S B A Y R Y . — Owns from Dothan, A la., to
Panama City, Fla., on St. Andrews Bay, Gulf of M exico, 85 miles: opened
July 15 1908. Stock authorized, $1,000,000; outstanding, $300,000; par,
$100. The first 6s (Central Trust A Banking Corporation of Atlanta, Ga.,
trustee) are subject to call at par since O ct. 1 4911. V . 88, p. 686;
V . 83, p. 270. For year ending June 30 1912, gross, $213,527: net, after
tzxes, $80,081. In 1910-11, gross. $179,805. Pres.. A . B. Steele, A t
lanta, G a .;S ec., G. H . Parvis, D othan, A la .— (V . 88, p. 085.)
Balance, surplus_______________
$86,406
$315,778 $365,846
A T L A N T A T E R M I N A L C O .— Owns union passenger station opened
O F F IC E R S .— Chairman of Executive C om m ., Walker D . Hines; E . P. May 1*4 1905, with approaches, used by Southern R y ., Central of Georgia
R
y.
and Atlanta A W est Point R R . S tock, $150,000, owned in equal pro
R ipley. President: D. L . Gallup. Com p.; C. It. Cooper, Asst. Treas.
portions by the three com panies nam ed, which pay all charges and ex
Directors.— Charles Steele, Edward J. Berwlnd, A. D . Jullllard, H . Rle- penses on car basis. V . 76, p. 593, 1394; V . 77, p. 699; V . 88, p. 1196.
man Duval, Thomas P. Fowler, W alker D. n in es, N . Y .: T . DeW itt Cuylcr,
Phlla.; John G. McCullough, Verm ont; B . P. Cheney, Boston; Edward P.
A T L A N T A & W E S T P O IN T R R .— A tlanta. G a.. to W est Point, G a..
R ipley, Byron L . Smith, Chicago; Andrew C. Jobes, W ichita; Howel Jones, 86 miles. Georgia R R . Mch. 31 1910 owned $936,100 stock, but sold tame
Charles S. Glced, Topeka: II. C. Frick, Pittsburgh.
In 1910-11 to the lessees at $135 uershare, with the option of purchase at
Office, 5 Nassau St., N .Y .— (V.94, p. 1184,;1701; V . 95, p. 543, 982, 980.)
same price on expiration of lease. O peratcs'A tlanta Bolt Lino, 5 V\ miles;
rental, $16,000 yly .— 4% on cost. V . 71. p.983; V. 73. p.1354; V .9 0,p ,9 1 3.
A T H E N S T E R M I N A L C O . — Owns freight terminals and approaches In
D IV ID E N D S, begun in 1855. were for many years 8 % per annum. From
Athens, Ga. Stock $25,000, equally owned b y Seaboard Air Line and
Gainesville Midland, which agree to pay operating expenses and Interest July 1 1884 to July 1901. Inclusive. 6 % yearly. J. A J .: O ct. 1 1899. 25% ex
charges In proportion to tonnage use. Bonds ($250,000 auth. Issue), see tra; 1902 (?); 1903, 6 % ; 1904 to 1912. 6 % yearly.
In 1911-12 gross, $1,263,363; net, after taxes, $275,341; othor Income,
table above. Pres., W . It. Beauprle, Gainesville, Ga.; Sec. & Treas.,
$41,750; charges, $55,149; dlvs., $1 47,756; surplus, $114,176.— (Y . 93,
Gordon C. Carson, Savannah, Ga.
p. 1104.)
A T L A N T A B IR M IN G H A M & A T L A N T I C R R .— Owns Brunswick, Ga..
A T L A N T I C C I T Y R R .— Camden to Atlantic City. 57 m . (double track);
to Birmingham, A la., 453 miles; Scssoms to W aycross, Ga., 26 miles;
Fitzgerald to Thom asvillc, Ga., 81 m .; Atlanta to Manchester, 75 m .; branches, Winslow Junction to Cape May, N. J ., 54 m .: W illlamstown, 23
Pyriton to Ashland, 7 m .; leases Georgia Terminal C o., In Atlanta, 2 m .; m .; Gloucester. 11 m .: Sea Isle City, 12 m .; Ocean City, 10 m .; total, 107 m.
V . 72. p. 1278. STOCK, co m ., $2,625,000; pref.. $1,000,000 (par, $50).
trackage In Atlanta, 2 m.; total. 659 miles. (V . 84, p. 1426: V . 80, p. 115.)
Reading Co. owns over 9 9% of stock, and guarantees consol. 4s, prln. and
A tl. Gulf & VV. I. SS. Co. operates N . Y . to Brunswick. V . 91, p . 565.
lnt. Form of guaranty, V. 75, p. 1398. Of the latter, $2,650,000 are
— On Jan. 2 1909 receivers were appointed, the Jan.
to retire prior lien bonds. See V . 73, p. 81. There are also out
1909 coupon on the first 5s of 1906 being defaulted. V . 88, p. 99. 156— see reserved
table above. S. L. Schoonmaker and H. VI. Atkinson arc receivers. V. 88, standing $23,500 Sea Coast R R . series A 5s and $2,834 series B 5s.
E A R N IN G S .—2 m o s.,/1 9 1 2 ________ Gross, $689,074; not, $344,574
p. 821; V. 91, p. 945; V. 93. p. 406. V .8 8 , p .2 2 7. $3,250,000 2-year5% re
July 1 to A ug. 31. 11911________ Gross,
685,404; net.
335.515
ceiver s certificates sold to replace 19 miles trackage Into Birmingham and
Year ending June 30 1912, gross, $2,126,756; net, $530,952. In 1910-11,
build Bessemer branch. A c., were extended 1 year In 1911 a n d $200,000
additional authorized. V. 88, p. 1497, 1559; V. 89. p. 40. 102, 223; V. 92. gross. $2,020,598; net. $463,674; other Income, $44,746; ln t., taxes, A c.,
p. 1700; V. 93, p. 43; V . 94, p. 415. In June 1912 $5,000,000 5 % one-year $158,302; Improvements, $45,127; bal., d e f., $87,245.— (V . 82, p. 750.)
receivers’ ccrtlfs. were authorized, of which $4,200,000 were sold, the pro
A T L A N T IC C O A S T L I N E C O .— Organized May 29 1889 under tho laws
ceeds to be used to rerlre the $3,250,000 ccrtlfs. due July 1 1912 and the of Connecticut, and owns a m ajority o f the capital stock and a large amount
prln. and int.gpf allleqnlpm entjtrusts to Sept. 1 1912, and the remainder of the bonds of the A tlantic Coast Line R R . below.
l ...
Lev;
O c t ., 1 9 1 2 .j
R A IL W A Y
S T O C K S
A N D
B O N D S;
LL
12
R A IL W A Y
R A IL R O A D C O M P A N IE S .
[For abbreviations, & c., see notes on first page.]
Atl Coast Line RR (Concl) —
Petersburg M class A gold----------------------- ---------------do
do
class B gold (Petersburg to W eldon)
R ichm ond & Petersburg 1st M (524,500 are 7s)-----Consol M g (R ichm ond to Petersburg, & c).-C e.c*
WUm & W eldon gen M ($938,000 are 4s) g__SBa.c*
W ilm ington & New Bern 1st M gold assumed SBa
Nor & Car 1st M gold (P P t Va to Tar, N O .-C e .c *
Second m ortgage gold ____________________ SBa.c*
Sav Fla & W 1st H g ($2,444,000 are 5s)__M p.c*& r
Charleston & Savannah gen m tge gold ____SBa.c*
Bruns & W 1st M (Brunswick to Albany) g gu M p.c
A labam a Midland 1st M g (Balnb to Montg) --M p .x c
■ Florida So 1st M gold _______________________AB.c*
Sanford & St Petersburg first mtge gold _______ PeP
Ashley R iver first m ortgage________________________
Sll Sp O & G 1st M gold (Ocala to Inv & b r )..E q ,c *
Atlantic & Danville— 1st M $4,425,000 g Int rent.Bac*
Second m ort $1,525,000 gold Interest ren ta l.-E q .c*
Atlantic & North Carolina— Stock $1,800,000_______
First m ortgage $325,000...........
..M e B a
Atlantic & St Lawrence— Stock 6 % rental Grand T r’k
Atlantic & YVestern— First m tge $1,500,000_____ FBa
Augusta & Savannah— Stock 5 % rental Central of Ga
Augusta Southern— First consol m tge gold ____ C e.xc
Augusta Union Station— First M $250,000 gold — SB
Austin & N YV— See H ouston & Texas Central
Avon Geneseo & Alt Morris R R — Stock (see t e x t )-----Baltimore Chesapeake & Atlantic— 1st M gold__M p.c*
Balt & Cumberland Val R y— 1st M Interest rental-----Balt & Cumberland Val R R — Is tM Interest rental-----B & C V RR Exten— Stock gu ($270,000 carries 7 % )
Baltimore & Harrisburg R R — Mortgage gold.M eB a.c*
First M YVest E xt ($16,000 p m) gold guar.M eB a.c*
Baltimore & Ohio— Common stock $ 1 5 2 ,7 5 0 ,0 00 ..
Pref stock 4 % non-cum authorized $60,000,000.
li
S T O C K S
M iles Date
Road Bonds
68
68
22
27
479
90
110
110
547
111
169
174
244
145
4
64
278
278
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
1888
1888
1895
1894
1877
1888
1900
1904
95
167
25 H
53
82)4
1887
88
3
5
1894
1879
1879
27
32
15
1881
1886
1888
1,076
1.657
1898
1898
1912
1894
1903
Par
Value
$1,000
1.000
500 &c
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
100
1,000
£ & $100
500 &c
100
1,000
1,000 &c
A N D
Amount
Outstanding
[V O L . L X X X X Y .
B O N D S .
Rate
%
$868,000
5 g
800,000
6 g
340,500 6 & 7
300,000
4)4 g
4,000,000 4 g & 5 g
106.000
4 g
1,320,000
5 g
400,000
5 g
6,500,000 5 g & 6 g
1,500.000
7 g
4 g
1,407,000
2,800,000
5 g
2,418,000
4 g
275,000
4 g
33,500
8
492,000
4 g
3,925,000
4 g
1,525,000
4 g
1.797,200 See text
325,000
6
5.484,000
6
275,000
5 t
1,022,900
5
400,000
5 g
225,000
4 g
When
Payable
LastlDividend
and Maturity
J
& J July
A <3c O O ct
M & N May
A & O Apr
& J July
J
F & A Aug
A & O Apr
& J Jan
J
A & O A pr
& J Jan
J
& J Jan
J
M & N N ov
& J Jan
J
J & J Jan
J & J Jan
J
& J July
J
& J July
J
& J July
Semi-an July
J & ,T July
M & S Sept
M & N May
J
& .1 July
J
& 1) Dec
J
& J July
225,000
J
100
3H
1,250,000
5 g
M
1,000
48,500
6
.1
500
72,800
J
6
100 &c
390,600
50
5 & 7 .1
230,000
J
1,000
6
690,000
M
5 g
1,000
240,000
5 g
M
1,000
100 151,950,092 6 In 1912 M
100 59,986.966 4 in 1912 M
500 &c 74,965,975
3 )4 g J
4 g
A
500 &c 74.992,875
& ,T July
& S Sept
& .1 July
& J July
& J July
& .1 July
& N N ov
& N May
& S Sept
& S Sept
& J1I July
& OH July
Places Where Interest and
Dividends are Payable
1 1926
1 1926
1 1915
1 1940
1 1935
1 1947
11939
1 1946
11934
1 1936
1 1938
1 1928
1 1945
1 1924
1 1915
1 1918
1 1948
1 1948
15 ’ 12 1)4
1 1917
1912 3 %
1 1952
6 1912 2 H
1 1924
1 1953
do
do
Merch Nat Ilk, R Ich’d.V a
Brown Brothers, N Y
First Nat B k, N Y , &Balt
Safe Dep & Tr Co, Balt
Central Trust Co, N Y
Safe Dep & Tr Co, Balt
United States Tr Co, N Y
do
do
do
do
Metropolitan Tr Co, N Y
United States Tr Co, N Y
do
do
People's B k, Chast’n.S O
United States Tr Co, N Y
Bankers Trust Co, N Y
Equitable Trust Co
Check from Co’s Office
Nat Mechanics’ B k, Balt
London and Portland
Fidelity T r Co. Balt
Savannah, Ga
J P Morgan & Co, N Y
Safe Dep & Trust C o,B alt
1
1
1
1
1
1
1
1
3
3
1
1
Erie R ailroad, New Y ork
Broad St Station, Phlla
Mer T r & Dep Co, Balt
do
do
C om pany’s office, Balt
Mer T r & Dep Co, Balt
do
do
do
do
Co’s O ffice, 2 W all St,N Y
do
do
do
do
do
do
1912 1 H
1934
1929
1929
1912
1931
1936
1938
1912 3%
1912 2%
1925
1948
Registered Interest Q-J
L A T E S T E A R N IN G S .— fl9 1 1 -1 2 ..G ro ss , $33,463,558; net, $9,522,580
S T O C K .— Increased in 1910 to $17,640,000. V . 89, p. 1666.
As to the certificates of Indebtedness, see editorial O ct. 1897, Supple 12 m os., July 1 to June 30.11910-11 --G ross, 31,622,449; net, 9,894,662
ment, p. 3; V . 65, p 564; V . 71. p. 1310. In 1898 $5,000,000 stock was
R E P O R T .— R eport for year ending June 30 1911 at length, V . 93, p.
distributed as a 100% dividend (V . 67, p. 954), and In 1900 510,000,000 4%
1455, 1470 (editorial, p. 1429):
certificates of Indebtedness (Including $2,500,000 of A tlantic Coast Line
1910-11.
1909-10.
1908-09.
R R. Co.) as a 100% dividend. (V . 71, p. 697; V . 73, p. 493.) As to se Gross receipts..............................
$31,622,449 $29,810,268 $26,144,065
curities pledged to secure equally the certificates of Indebtedness, see V . Operating expenses and taxes.............. 21,727,786
19,823,117 18,062,899
17, p. 1310; V . 83. p. 560. Bal. sheet 1912, V . 95, p. 1036.
Net receipts from trafflo------------------$9,894,663'
$9,987,151 $8,081,166
CASH
) ’01. '02. '03. ’04. '0 5 . '06. '07. ’08. ’09. ’ 10. ’ l l . 1912.
Other Incom e— ..........- ............................
1,025,104
805,156
836,873
D IV S .— % ] 4 H 6M 8
8
9 10 10
8
9
10
10 3 ,3 ,3 ,3
Dividend on L . & N. stock .................. (7)2.142,000 (7)2,142.000(5)01683000
Chairman, Henry W alters.— (V . 93, p . 1101, 1724; V . 95, p. 1036.)
T otal net receipts-------------------------- $13,061,767 $12,934,307 $10,601,039
ATLANTIC COAST LINE R R .— (See M a p .)— Operates from Richm ond
Deduct—
Interest on bonded debt, & c----------$5,501,056
$5,506,300 $5,166,568
and N orfolk, V a., on the north, to Fort Myers, Port Tam pa and River Jet.,
9,378
379,359
757,122
Fla., on the south, and M ontgom ery, A la., and Augusta, G a., on the west, Int. on certificates of indebtedn ess..
121,302
55,394
48,569
reaching the ports of N orfolk, V a.; W ilm ington, N . C.; Charleston, S . C.; Hire of equipment and term rents___
Dividend on preferred ock ( 5 % ) ___
9,925
44,877
79,830
Savannah and Brunswick, Ga., and Jacksonville and Port Tam pa, Fla.
Dividend
on
com
m
on
stock
_________(6)3,477.864
(6)3,195,060(5
H)2669658
Lines
owned,
&c.
(Con.)—
M
iles.
Lines owned and trackage— M iles.
Balance, surplus.................................... $3,942,242
$3,753,317 $1,879,381
Paola Jet. near Sanford to St.
R ichm ond, V a., to Port Tam pa,
Petersburg, F la----------------- 145
F l a ....... ....................................... 906
O F F IC E R S .— Chairman of Board, H enry W alters; P res., T . M . Emerson;
Palatka, Fla., to B rook sv llle .. 145 1st Vlce-Pres., Alexander Ham ilton; 2d VIce-Pres.* C. S . Gadsden; 3d VIcoNorfolk, V a., to South R ock y
M ou nt________________________ 115 Milldale, F la., to P e rr y ............. 163 P res., J. R . K enly; 4th V ice-P rcs., R . A . Brand; Gen. M gr., YV. N. R oyall;
Contentnea to W ilm ington____ 105 Branches, & c________________ 1,527
S ec.. Herbert L . Borden; Treas., James F. P ost.— (V . 95, p. 967.)
Leased—
W ilm ington, N . C ., to Pee Dee
ATLANTIC & DA N VILLE R Y .— (See M ap Southern R y .)— W est N or
Junction ___________________
97 Central R R . of S o. Carolina—
folk to Danville, V a., 205.1 miles; three branches, 22.25 miles; James River
40
Lane to Sumter S . C-------Florence, S. C., to Augusta, Ga. 167
Sumter to Columbia___________
45 Other lines__________________
Jet. to Claremont (3-ft. gauge), 50.36 m .; total, 277 m. Leased to Southern
21
Yadkin Jet. (W ilm ington, N.C.)
R y . from Sept. 1 1899 to July 1 1949 for taxes, repairs, m alnt. and cash
116 Total In earnings___________ 4,499
to S anford___________________
rental sufficient to cover Int. charges, with privilege of renewals for terms of
W aycross, Ga., to Folkston, Ga.
34 Closely allied lines (see each co.) —
99 years. In addition the Southern R y . agrees to pay the same rate of divi
Jesup, Ga., to M ontgom ery, Ala. 355 Louis. & Nash. (Incl. Ga. R R . ) .7,154 dends on com . stock as paid on Its own com . stock. V .71,p.447; V .7 9 ,p.625.
Brunswick, Ga., to A lbany____ 169 Charleston & Western Carolina. 341
ST O C K .— Corn., $2,180,000. P ref. shares were canceled prior to July 1
71 1904. See V . 71. p. 181, 862; V . 73, p. 722, 956; V . 79. p . 625.
Dupont Jet. to Fort Myers, F la . 349 Northwestern R R .o f So. C a r ..
BON DS.— Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
Also owns one-sixth Interest In the R lchm ond-W ashlngton Co. Leases,
Improvements upon request of Southern R y ., Interest charges to be covered
Jointly with the Louisville & Nashville R R ., the Georgia R R ., 571 miles.
b y Increased rental. Of the $1,525,000 second 4s, the remaining $750,000
In July 1909 agreed with N orf. & W est, to build Jointly Winston-Salem
Southbound R R ., W inston-Salem , N . C ., to YVadesboro, 89 miles (com were issued July 1 1909. V . 77, p. 195.— (V . 79, p. 967; V . 89, p. 1410.)
ATLANTIC & NORTH CAROLIN A R R — Morehead City to Goldsboro,
pleted M ch. 1911), guaranteeing gold 4s. See that com pany.
Extension from Haines City, Fla., south to a point near A von Park, 39 N . C.. 95 miles. State of North Carolina owns $1,266,500 of $1,797,200
miles, was com pleted May 1912, and W eldon to Garysburg Jet., N. C ., 2.39 stock. Leased from Sept. 1904 to Jan. 1 1996 to A tlantic & North Carolina
miles, Dec. 1911. V. 93, p. 1470. Extensions from M ontlcello to Perry, Co. (the lease being later transferred to Norfolk Southern R R .) for Interest
Fla., about 35 miles, and from Oldtown to Dunnellen, 50 miles, are proposed on bonds, taxes, & c., and dividends at 3 % yearly for 20 years, Increasing
)4 % yearly every ten years until 5 % Is reached; thereafter, 6 % .
making a short routo to Tam pa, Fla. V . 94, p . 416.
D IV S .— ’93. ’94. '95. ’96. ’97. ’98. ’ 99. 1900-04. U nderlease
O R G A N IZ A T IO N .— On April 18 1900 absorbed by consolidation (V . 70,
2
0
2
2
2
2
0
as above.
p. 840, 893); Wilmington & W eldon R R ., Atlantic Coast Line R R s. of S. C. Per cen t____ 2
Pres., Frank S. Gannon.— (V . 83, p. 1590, 1522.)
and Va. and N orf. & Car. R R . Florida Southern and Sanford & St. Peters
burg were merged April 1903. V . 76, p. 918, 971. The Atlantic Coast
ATLANTIC QUEBEC & YVESTERN R Y .— V . 91, p . 1253.
Line Co. (of Conn.) June 30 1912 owned $36,050,895 com m on stock. See
ATLANTIC & YVESTERN R R .— Owns Sanford to Lilllngton, N . C., 25 'A
that com pany above. V. 70, p. 893; V. 71, p. 1116; 1310; V . 83, p. 560. miles, extension from Sanford to Goldsboro being p roposed. In May 1912
• S av. Florida & YVestern R y . was merged In 1902. V . 74, p. 774, 829.
Mlddendorf, Williams & Co. o f Baltimore acquired co n tro l. V . 94, p. 1249.
In O ct. 1902 acquired $30,600,000 of the $60,000,000 Louisville & Nash Stock, $275,000; par, $100. Bonds Issuable at $12,000 per m ile. Sec
ville R R . stock for $10,000,000 cash, $35,000,000 In 4 % collat. tr. bonds table above. For year 1911-12 (9 m iles), gross, $19,512; net, $5,970; Int.,
and $5,000,000 stock. V . 75, p. 733, 792, 905; V . 79, p. 785.
taxes, &c., $6,000; bal., del., $30. Pres., H . C. Huffer J r., Baltimore, M d.
■ S T O C K .— A tl. Coast Line of V a. class A (R ich. & Pet. ctfs.) tax-exem pt Sec. and Treas., YVm. C. Cooke.— (V . 94, p. 1249; V . 95, p. 1038.)
stock was assumed as so much of the com . stock of the new com pany.
AUGUSTA & SAVANNAH R R .— Mlllen to Augusta, G a.. 53 miles. In
Stockholders voted N ov. 1909 to Increase the total authorized stock from
1895 re-leased to Cent, of Ga. for 101 yrs. at 5% on stock .— ( V . 01, p. 239.)
$60,000,000 to $72,100,100, to provide for the conversion of new 4 % con
AUGUSTA
SOUTHERN R R .— Owns from Augusta to Tennillc. Ga.. 82
vertible debenture bonds. V . 83, p. 490, 1295; V . 89, p. 1141, 1346.
Stockholders will vote on N ov. 19 1912 on offering $6,000,000 new com miles. The Southern R y . In Jan. 1901 acquired a bou t four-fifths of stock.
mon stock to stockholders pro rata at par to the extent of 10% of their V . 73, p. 343. Com. stock. $400,000; pref., $350,000; par, $100. Year
holdings to provide the greater part of the amount necessary to subscribe ending June 30 1912, gross, $197,204: net, after taxes, $36,967. In 1910-11,
for the com pany’s proportion of the $12,000,000 new Louisville & Nashville gross, $170,931: net. $31,319; other Income, $7,861; charges, $40,887; bal.,
d ef., $2,706.— (V . 80, p. 2219, 2456.)
stock. Yr. 95, p. 967.
The pref. stock ($18,850,000) was In 1902 mostly exchanged for 125% In
AUGUSTA UNION STATION CO.— Owns union passenger station at
4% certificates of Indebtedness. V . 75, p. 1252.
Augusta, Ga., used by all roads entering the city , the latter under their
contract providing for Interest on the bonds and 4 % dividends on
• D IV S. ( % ) — ’01. ’02. ’03. '04. ’05.
’06. '07. ’08.
’09. ’ 10. operating
’ l l . 1912.
Stock, $75,000 (5% paid in), held equally b y Southern R y ., A tlan
Com . (Inch Cl. A .) 2)4 3)4 5
5 a5
6 6 55)$ 5)4
6 6
3 )4 .3 )4 stock
tic Coast Line R R . and Georgia R R . V . 78. p . 2333; V . 79. p. 500. Pres.,
P re ferred _______ 5
5
5
5
5
5
55
5
5 5
5
Thos. K . Scott; Sec. and Treas., Carlton Illllyer.— (V . 82, p . 48.)
a Also 20% In com . stock scrip and 5 % In Atlantic Coast Line
Co. 4%
AVON GENESEO & MT. MORRIS R R .— M t. Morris to A v o n , N . Y ., 18
certificates of Indebtedness. V . 81, p. 1558. b Includes 3 % paid In Jan.
miles. Leased to Erie R R . Feb. 26 1896 In perpetuity; rental (after 1911).
In Atlantic Coast Line R R . 4 % certificates of Indebtedness.
■ B O N D S.— First consol. 4s of 1902 (limited to $51,326,000 outstanding) 3 )4 % on stock.— (See V . 63, p. 512; V . 62, p. 318, 589.)
are a first Hen on 1,021 miles of road and a blanket lien on 2,924 miles.
BALTIM ORE CH ESAPEAKE & ATLAN TIC R Y — Owns Claiborne to
Ocean City, M d., 87.66 m .; from Claiborne to Baltimore, 44 in ., transfer Is
Purposes for which the $200,000,000 Unified 4s were or are Issuable.
Issued for Improvements and refunding ($6,167,000 s o ld )— $15,009,000 made by water; steamer lines owned, 1,134 m .; total mileage owned and
operated, 1,221.66 m. The Pennsylvania and Phil. Balt. & W ash, in Feb.
Reserved to retire 4 % certs, of Indebtedness [the holders o f all
1911 were authorized to purchase at $70 per share the $478,100 m inority
but $232,900 of the outstanding $21,566,600 4 % certs, of In
pref. stock, the Penn, and allied cos. already owning all the $1,000,000
debtedness exercised the option to exchange till Mch. 1910
com m on and 78% o f the $1,500,000 5 % cum . pref. stock. V .92,p.525, 593.
for deb. or unified bonds at par. V. 89, p. 1481]___________ 23,562,000
D lv. on pref., 2% M ch. 1 1905; In 1906, M ch., 3 % ; O ct., 2 % ; In 1907 M ch.,
Reserved to retire underlying bonds____________________________ 84,090,000
3 % ; S ept., 2 % ; In 1908. O ct., 2 % ; 1910, Jan ., 5 % ; S ept., 2 % ; 1911,
Reserved (along with any bonds not issued to retire certs, of
Indebtedness) for future construction. Improvements, & c ... 77,339,000 Jan. 31, 3 % : Mch. 31, 2 % ; O ct. 2 3 % ; 1912, July 1, 2 H % .
The stockholders voted on Jan. 26 1905 to acquire a m ajority of the stock
The unified 4s were a first lien June 30 1911 on 197 miles and a blanket
lien on the remaining 3,945 miles owned, subject to underlying bonds, and o f the Maryland Delaware & Virginia R y ., extending from Queenstown,
on com pletion of the Haines City branch, Fla., became a first lien on 39 miles M d., to Lewes, Del., with branches, a total o f 77 m ., and guarantee $2,000,
000 of Its first mtge. bonds. See that co ., V . 80, p. 116, 1058. In M ch’
additional. V . 92, p . 1563; V . 89, p. 1141. 1316.
The 4 % convertible debentures will be redeemable after May 1 1916 at 1912 sold $200,000 equlpt. trust notes (secured on tw o boats).
Fiscal year now ends Dec. 31. In 1911, gross, $1,092,535; net, $226,925;
105 and convertible at the option of the holder into com m on stock at $135
other Income. $4,931: charges, $143,468; dividends (5 % ), $75,000; balance,
a share at any time up to Jan. 1920, or. If called, up to 30 days of date.
surplus, $13,388.— (V . 92, p. 525, 593, 724; V . 94, p. 1316.)
As to the $35,000,000 collateral trust 4s of 1902, see “ Organization”
a bove. They are sublect to call at 105 In amounts not less than $100,000.
BALTIM ORE & CUM BERLAND (R R . AND R Y .).— The Railroad ex
There were outstanding June 30 1911 $46,000 Bruns. & W est. Incomes.
tends from State Line, M d., to W aynesboro, P a., 4.55 miles; stock, $76,700,
• The Washington & Vandemcre 4 )4s ($1,500,000 authorized, of which In $50 shares. The Railway extends from E dgcinont, M d., to State Lino,
$720,000 outstanding) are guar., p. & I., b y endorsem ent. V . 84, p. 1246. P a., 3 m .; stock, $42,500, in $50 shares. Both are leased to Western
F IN A N C E S .— In Feb. 1910 the Loulsv. & N ashv. d lv. rate was raised Maryland R R . for 50 years from July 1 1879, with privilege of renewal or
from 6 to 7 % and In Jan. 1912 that of the Atlantic Coast Line R R . to same purchase; rental, Interest on bonds.
rate. V. 89, P. 1595. Bonded debt per mile June 30 1911, $21,928.
BALTIMORE & CUM BERLAND V A L L E Y EXTENSION R R .— W aynes
As to $6,000,000 new com m on stock late In 1912, see STOCK above.
boro to Siilppcnsburg, P a., 20.52 miles. Leased to Western Maryland R R .
to
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[VOL. LXXXXV.
RAILWAY STOCKS AND BONDS.
14
R A ILR O A D C O M P A N IE S
abbreviations, & c ., see notes en first page]
Miles Date
Road Bonds
« & O (Concl ) — S o u th w D Iv 1st M $45,O O O .O O O g.F.cA r*
P itts J un e & M id D lv $ 2 0 ,0 0 0 .0 0 0 1st II g - . C e . c ^ A r
P L E A W V S y s rel g red 10 0 a lter 1 9 2 5 -U n .c * A r
N e w Y o r k D Iv & T e rm first m tg e $ 1 0 ,0 0 0 ,0 0 0 g o ld .
S ecu red go ld n otes $ 5 0 ,0 0 0 ,0 0 0 au tli call p a r .U s m .e
E q u ip m e n t bond s due $ 1 ,0 0 0 ,0 0 0 y e a r ly -----------------do
g g u d u e $ 1 ,0 0 0 ,0 0 0 y ly ( V 9 4 p 3 4 9 ) G P .o * A r
B ond s Underlying F irst Mortgage 3 )4 s—
iLoan 1 8 5 3 ex ten d ed In 1 8 8 5 g o ld ______________________
P ittsb u r g h A Con 1st M ex te n d ed In 1 8 9 6 In g o ld —
C en t O h io $ 2 ,5 0 0 ,0 0 0 con 1st M (1st loan) g .M e B a .c
P ittsb u r g h J un ction 1st M $ 1 ,4 4 0 ,0 0 0 g o l d . - B a . c *
P ittsb u r g h J un ction 2 d M $ 3 0 0 ,0 0 0 g o l d . . 15a.c*
930
384
1 .6 4 2
C lev L o r A W h e e l cons M (now 1st) g o l d - .U s f n .c *
G eneral m ortgage $ 1 ,0 0 0 ,0 0 0 gold red eem 1 0 5 N .o
C ons rel M $ 1 0 ,0 0 0 ,0 0 0 gold red a t 1 0 2 ) 4 - - E q . c *
C levelan d T e rm & V a lle y 1st M gold g u a r . . B a .c * A r
M on o n g a h ela R Iv R R 1st M gold gu ar B & O . - C e .c '
O h io & L ittle K a n R y 1st M $ 2 5 0 ,0 0 0 red 1 0 5 golc
O h io R iv e r 1st m tg e ( $ 2 ,0 0 0 ,0 0 0 ) g o ld ------- F P .c *
G eneral m tg e $ 3 ,0 0 0 ,0 0 0 gold 1st on 3 9 m iles
c*
R a v S p & G1 1st M $ 4 0 0 ,0 0 0 g gu ar p A I - .F P .c *
H u n tin g to n & B ig S 1st M $ 4 0 0 ,0 0 0 g g u a r ------- c ‘
P ittsb Cl A T o l 1st M g ( $ 1 ,9 5 6 ,0 0 0 ow n ed) - - - - -
P ittsb u r g h N e w ca stle & L E 1st M ex te n d e d In gold
P ittsb u rg h A W e ste rn 1st cons M $ 1 0 ,0 0 0 ,0 0 0 g - - 0
E llw o o d S h o r t Lino 1st m tg e gold $ 3 0 0 , 0 0 0 . - - - G
W V a & P 1st M gold 5s scaled , red a t p a r . M e .B a .o *
Leased L ines, & c ., Securities —
B a lt & N Y R R 1st m tg e g old g u a r .
M eB
M o n R iv e r C oal M $ 1 ,5 0 0 ,0 0 0 gold s f red eem
.
S oh u ylk lll R iv e r E S R R 1st M g gu ar p A le n d o r
S ta te n Isl R a p T ra n 1st M $ 1 ,0 0 0 ,0 0 0 g $ or L U s .c *
S ta te n Isla n d R y 1st m tg e $ 1 ,0 0 0 ,0 0 0 g o ld — B a .c
B alt & O hio C hic T e rm R R — C h A G t W I s t M g ass d .c *
C ity o f C hicago purchase m o n e y m tg e a ssu m e d ------F irst m o rtg a g e $ 5 0 ,0 0 0 ,0 0 0 a u th o r iz e d ----------
192
192
102
88
30
72
172
209
33
11
77
30
215
3
176
—
1899
1898
1901
1905
1910
1910
1912
Amount
Outstanding
Rate
$ 5 0 0 Ac $ 4 4 , 9 9 2 , 5 3 0
5 0 0 Ac z 6 . 1 7 5 . 2 3 0
1 ,0 0 0 4 3 ,3 7 2 ,0 0 0
S ee t e x t
1 ,0 0 0 Ac 4 4 ,9 9 2 ,5 3 0
S ee t e x t
1 ,0 0 0
1 ,0 0 0 1 0 ,0 0 0 ,0 0 0
3 )4
3 )4
4 g
4 g
4 )4
4
4 )4
Par
Value
g J
g
M
J
g J
F
g F
A J1i J u ly 1 1 9 2 5
z
N ov 1 1 9 25
A N N ov 1 1 9 41
A D June 1 1948
A D June 1 1913
A A To Feb 1 1 9 2 0
A A To F eb 1 1922
do
do
do
do
5 0 0 Ac
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
6 8 ,5 0 0
5 6 ,0 0 0
1 , 0 0 9 ,0 0 0
a 9 3 4 ,0 0 0
a 2 4 3 ,0 0 0
A
4 g
J
4 g
4 )4 g M
J
6 g
J
5 g
A
A
A
A
A
O
J
s
J
J
O ct
J u ly
Sept
J u ly
J u ly
1
1
1
1
1
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 0 0 Ac
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
5 .0 0 0 ,0 0 0
8 9 0 ,0 0 0
9 5 0 ,0 0 0
3 ,3 0 1 .0 0 0
7 0 0 ,0 0 0
2 2 8 ,0 0 0
2 .0 0 0 .0 0 0
2 ,9 4 1 .0 0 0
3 0 1 .0 0 0
3 0 3 .0 0 0
4 4 1 ,0 0 0
8 2 ,1 0 0
6 5 0 ,0 0 0
3 0 0 ,0 0 0
3 .9 8 2 ,0 0 0
A
5 g
J
5 g
4 )4 g J
M
4 g
F
5 g
M
5 g
J
5 g
A
5 g
I-’
6 g
J
6 g
A
6 g
J
4 g
J
4 g
J
5 g
A
4 g
A
A
A
A
A
o
D
J
N
A
S
1)
O
A
J
O
1)
J
J
0
O ct
Ju n e
Jan
N ov
Feb
M ch
June
A pr
A ug
J u ly
O ct
June
J u ly
Jan
A pr
1 1933
1 1936
1 1930
1 1995
1 1919
1 1950
1 1936
1 1937
1 1920
1 1922
1 1922
1 1917
1 1917
1 1922
1 1990
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
F irst N a t B it, A lle g h e n y
J P M organ A C o , N Y
C o’ s o ffic e, 2 W a ll S t . N Y
do
do
12
11
13
1889
1895
1903
1883
1893
1886
1 ,0 0 0
1 JH)()
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1910
M ay
D ec
June
Jan
June
Ju n e
M ay
A pr
1
1
1
1
1
l
1
1
do
do
A m e r B on d in g Sc T r .B a lt
5 1 8 W a ln u t S t , P hlla
17 S ta t e S t , N e w Y o r k
do
do
B ank ers T r u st C o, N Y
T o C ity o f C hicago
...
N
D
D
O
D
D
N
O
144
7
7
5 )4
5 0 ,0 0 0
5 g
5 4 5 ,0 0 0
5 g
5 .0 0 0 ,0 0 0
4 g
6 g
1 ,0 0 0 .0 0 0
5 1 1 ,0 0 0
4 )4 g
3 9 4 ,0 0 0
5 g
6 5 0 ,0 0 0
5
2 8 .0 0 0 .0 0 0 S ee t e x t .
la n ce b ein g o w n ed b y B a ltim o re
Pitts L. E. A W .V a . Sys. 4 s .
for 5 0 years from J u ly 1 1 8 8 1 . w ith p rivilege o f ren ew al, for in t. on b on d s
an d d iv id e n d on sto c k , a m o u n tin g in all to $ 3 8 ,7 3 0 .— ( V . 7 5 . p . 6 6 5 .)
B A L T I M O R E & H A R R I S B U R G R R .— E m o r y G r o v e ,M d .. to O rrta n n a ,
Pa
59 m
w ith b ranches, 7 m . . to ta l, 6 6 m . L eases B a lt . A H arrisb u rg
R y ’ W e ste rn ex te n sio n , O rrtan n a to H lg h fle ld , 15 m ., gu aran tee in g In t. on
its b o n d s .
L e ased to W e ste r n M a r y la n d R R . for 5 0 years from O c t . 2 5
1 8 8 6 ’ r e n ta l. In t. on b o n d s an d 5 % on p ref. sto ck (all paid M . A N . ) .
D iv id e n d s on c o m m o n a t 5 % had In 1911 been paid a n n u a lly for ove r 5
years.
S to c k , c o m ., $ 6 9 0 ,9 0 0 ; p r e f., $ 2 9 .1 0 0 .— ( V . 4 4 . p . 8 1 2 .)
B A L T I M O R E & O H IO R R . — (See M a p .)— R O A D .— O p erates from B a lt i
m ore to P h ilad elp h ia an d B a ltim o re to C h ic a g o , C in cin n ati an d S t . L o u is;
to ta l m ileage leased , ow ned an d op erated In J u ly 1 9 1 1 , 4 ,4 3 4 m ile s. "R o y a l
B lue L in e ” (see C entral R R . o f N . J .) giv e s access to N e w Y o r k .
H I S T O R Y . — R eceivers w ere ap p o in ted in F e b . 1 8 9 6 , b u t In 1 8 9 9 reor
gan ized w ith o u t foreclosure, per plan in V . 6 6 . p . 1 2 3 5 .
T h e B . Sc O . S o u th
w estern w as reorganized per p lan In V . 6 7 , p . 6 8 8 . th e c o n so l, m t g e . o f 1 8 9 3
h a v in g been foreclosed; C en t. O h io , A c ., p la n , V . 6 7 , p . 6 8 8 , 1 2 0 6 , 1 3 5 6 .
T h e stock h o lders on S e p t. 2 5 1 9 1 2 au th orized th e m eger o f p roprietary
roads aggre gatin g som e 2 5 0 )4 m iles In le n g th . V . 9 5 , p . 6 8 1 .
T h e sy ste m em b race s, su b je c t to m o r tg a g e s, th e follow in g lines:
Pr.lien 3 5 4 % M . — ( 1 ,0 7 6 m .) M iles. P ittsb u rgh A W e s te r n ___________ a21
77
B a lt .t o W h e e lin g , B e lp r e .O ., A c . 721 P itts b . C levelan d & T o le d o _____
53
3 5 5 P itt s b . F a ln c s v . & F a lrp o r t___
C u m b . to P itt s b . A W . , A c ------E a stern O h io ______________________
17
1st Mtge. 4 % — (581 miles )—
11
137 T r u m b u ll A M a h o n in g ___________
B a lt , to P h lla . an d b ran ch e s___
30
C h icago, 111., to A k r o n . O h i o . . 3 7 8 M on on gah ela R iv er R R _________
92
B ranches to F a i r m o n t ,W .V a ., A c . 6 6 C le v . T e rm in a l A V a lle y ________
C lev e . L orain A W h e e lin g R y .,
South IF . Dlv. 3 ) 4 % M . —
W h e e lin g to C lev e la n d , A c . . « 1 9 5
B elp re, 0 . , v l a C ine, to S t . L . , & c . 9 3 0
O h io R iv e r L in es—
Pitts. J e t. 3 H % M . — (3 8 4 miles)
B en w ood to W h e e lin g , A c _ _ 2 6 5
B ellalre to M id la n d C ity , O h iol
58
S h a w n ee to S a n d u sk y , O h i o . . ;
3 7 7 W e s t V irgin ia S h o rt L in e R R . .
74
P ittsb u r g h J u n ction R R ..............
7 O h io & L ittle K a n a w h a R R ___
P .L .E .& W .V .Sys .4 % M . (• 1 ,6 4 2 m .)
W e s t V irgin ia & P i t t s b u r g h . ..
176 T o ta l of all (ad d in g B altim ore
__
B e lt an d other lin e s)__________ 4 ,4 3 4
• In c lu d es 3 8 4 m . . also covered b y P itt s . J e t . I s t M .
a S ee this c o m p a n y .
In J u ly 1 9 11 agreed to purchase S a n d y V a lle y A lilk h o rn R y . u nd er con
stru ction from S h e lb y . K y . . to n ew coal tra ck o f C onsolidation C oal C o .,
a b o u t 2 8 or 3 0 m iles, w hich w as op en ed O c t . 1 1 9 1 2 .
V . 95, p . 889.
C ontrols B . & O . C hic. T e r m . R R . , w ith $ 8 ,0 0 0 ,0 0 0 a u th . sto c k ; bon d
Issue a u t h ., $ 5 0 ,0 0 0 ,0 0 0 5 0 -y e a r b o n d s.
S ee th a t c o . b elo w .
V . 90,
p. 166, 1101.
„ J
,
Control o f the Cincinnati Ham. & Dayton.— U n d er th e r ea d ju stm en t plan
o f th e Cincinnati H a m ilto n A D a y to n ( V . 8 8 , p . 1 4 3 6 , 1 4 9 8 ), th e B a lt im o r e
A O h io In A u g u st 1 9 09 acqu ired virtu al co n tro l, an d Is to acquire full con
trol on J u ly 1 1 9 1 6 at a price to b e fixed b y a rb itra to rs, th e controllin g
sto ck to b e v e ste d m e a n tim e In three v o tin g tru stees, on e to be th e Presi
d e n t o f the B . & O . for th e tim e b e in g .
C ertain C . H . A D . secu rities arc
u a ra n te e d .
S ee th a t c o m p a n y .
V . 8 9 . p . 102, 4 6 8 ; V . 9 4 , p. 2 0 6 .
R E A D I N G C O ., A c .— In 19 01 $ 6 8 ,5 6 5 ,0 0 0 (virtu al control) o f th e $ 1 4 0 ,
0 0 0 ,0 0 0 R e a d in g C o. sto c k , consisting o f $ 1 2 ,1 3 0 ,0 0 0 1st p r e f., $ 2 8 ,5 3 0 ,0 0 0
2 d p ref. and $ 2 7 ,9 0 5 ,0 0 0 c o m ., w as a c a u lr c d , th e L a k e S h ore & M ichigan
S ou th e rn R y . C o . tak in g o n e -h a lf.
In 1 9 0 4 th e B . & O . an d L . S . A M . S .
each sold $ 3 ,9 5 0 ,0 0 0 o f th e c o m m o n .
V . 76, p. 101; V . 8 0 , p. 1856.
P E N N S Y L V A N I A A N D U N I O N P A C I F I C I N T E R E S T . — T h e P en n syl
v a n ia R R . C o . on J a n . 1 1 9 1 2 ow n ed d irectly $ 1 4 ,2 7 3 ,6 0 0 p r e f. an d $ 5 ,7 2 5 ,
0 0 0 c o m . sto c k ; a lso — throu gh th e N o rth ern Central an d P h lla . B . A W .
(each ow n in g o n e -h a lf)— $ 2 ,0 0 0 ,0 0 0 p r e f. an d $ 2 ,0 9 7 ,4 0 0 c o m . sto c k , a n d ,
th rou gh P e n n sylvan ia C o ., $ 5 ,0 0 0 ,0 0 0 p ref. an d $ 1 3 ,4 5 1 ,2 0 0 c o m . sto c k .
U n io n P acific In S e p t. 1 9 06 purchased $ 3 2 ,3 3 4 ,2 0 0 c o m . an d $ 7 ,2 0 6 ,4 0 0
p r e f. s t o c k .
V . 8 3 , p . 5 6 2 , 6 8 6 , 10 3 6 ; V . 8 4 . p . 5 0 . 5 6 9 .
S T O C K .— P ref. stock d lv s. are lim ite d to 4 % .
(S ee V . 7 1 , p. 1 1 6 6 , an d
ed itorial, p . 1 1 4 3 ; V . 7 2 . p. 1 1 8 6 .)
D I V I D E N D S .—
’0 0 . ’0 1 - ’0 4 . ’ 0 5 . ’ 0 6 . ’ 0 7 . ’ 0 8 . ’ 0 9 . ’ 1 0 . ’ l l 1 9 1 2 .
4 k 5 H
6
6
6
6
6
6
C o m m o n ( % ) ____________
2 4 y ’ ly .
4 4
4
4
4
4
4
4
P referred ( % ) ___________
4 4 y ’ ly .
B O N D S .— (1) Prior Lien 3 ) 4 % , a first lien on m ain line and b ran ch es,
P ark ersb u rg branch and P ittsb u rgh d ivision , a b o u t 1 ,0 7 6 m iles o f first track
an d 1 ,3 2 5 m iles o f secon d , third an d fou rth tracks an d sid in gs, and also all
the eq u ip m en t n ow ow ned o f th e v a lu e o f u pw ard s o f $ 2 0 ,0 0 0 ,0 0 0 , or here
after ac q u ired .
T o ta l au th orize d , $ 7 5 ,0 0 0 ,0 0 0 .
S ee a p p lication to list,
V . 6 9 , p . 30 ; V . 7 8 , p. 1906; V . 8 6 , p . 1528; V . 86 . p . 3 6 .
(2) First Mortgage 4 % Gold Bonds, Due July 1 1 9 4 8 b u t su b je c t to c all.
In w hole or in p a r t, after J u ly 1 1 9 2 3 , a t 1 0 5 ; a lirst lien on th e P h ilad e lp h ia,
C hicago an d A k ro n d ivisions and branches an d th e F a ir m o n t M o rgan tow n &
P ittsb u rg h R R . , coverin g a b o u t 58 1 m iles o f first tra ck an d a b o u t 5 7 3 m iles
o f secon d , third an d fou rth tracks an d sid in gs; also on th e B . A O . T e rm in al
p rop e rty an d th e B a ltim ore B elt R R .
T h e y are also a Hen, su b jec t to prior
Hen m t g e ., upon m ain line, A c .
See a p p . to list, V . 6 9 , p . 3 0 ; V . 7 9 , p . 2 1 1 .
T o ta l au th orized (Incl. $ 4 9 ,9 7 5 ,0 0 0 Issued a t r e o r g a n iz a t io n ) ..$ 1 6 5 ,0 0 0 .0 0 0
O f w hich reserved to retire prior Hen b on d s In 1 9 2 5 __________
7 5 ,0 0 0 ,0 0 0
Issu ed an d Issuable for b ette rm en t or ex te n sion of th e prop
erties c overed b y m ortgages (1) an d ( 2 ) , or for ex te n sio n s,
ad dition s or eq u ip m en t; a t n ot over $ 1 ,5 0 0 ,0 0 0 a year for
2 7 ,0 0 0 .0 0 0
1st 4 years and $ 1 ,0 0 0 ,0 0 0 a year th ereafter, o r ig in a lly —
( 3 j Southwestern Division Is! Mortgage 3 ) 4 * .
V ir tu a lly a lirst
Hen u p on th e properties c o n stitu tin g th e B . & O . S o u th
w estern R R . sy ste m , or th e securities representing th e sa m e ,
coverin g a b o u t 9 3 0 m iles of first track an d a b o u t 4 0 1 m iles
o f secon d track and sid in gs.
AH Issued_________________________
4 5 ,0 0 0 .0 0 0
4) B . & O ., Pittsb. Jet. & M id. Div. 3 )4 s .
E x p e c te d to b e ul
tim a t e ly a first Hen u p on th e railroads o f th e C entral O hio
20,000,000
s y ste m an d P itt s . J e t. R R . C o ., 3 8 5 m iles In a ll.
T o t a l_____
Issu a b le $ 1 ,0 0 0 ,0 0 0 per ye ar for lirst tw o years an d there
5 ,0 0 0 ,0 0 0
after $ 5 0 0 ,0 0 0 per year to r e x te n 'n s . b ette r m e n ts. A c _______
1 4 ,5 6 9 .0 0 0
I n partial ex ch an ge for old b on d s an d sold ( $ 4 ,0 0 0 .0 0 0 ) _____
A O h io .
e Coups.
M
J
A
A
A
A
A
A
A
A
A
A
A
J
A
.1
A
A
A
A
M
A
A
A
M
A N .:
J
A
1935
1946
1930
1922
1922
do
do
do
do
1853
1868
1886
1882
1894
4s—
1893
1896
1900
1895
1889
1900
1886
1887
1890
1892
1882
1878
1887
1892
1890
377
Bonds Underlying Pittsburgh Lake E rie & West Vir ginia
When Last Dividend Places Where Interest and
Payable, and Maturity
D ividends are Payable
%
1939
1945
1925
1913
1943
1936
1938
1960
r e e . I n t. Q .- F .
O ffic e . 2 W a ll S t , N Y
do
do
do
do
do
do
do
do
H R e g . lo t . Q .-J .
O f this Issue, $ 6 ,1 7 5 ,2 3 0 Is In hands of th e p ub lic an d $ 7 ,6 3 5 ,0 5 0 pledged
as part collateral for P itt s . L a k e E rie & W e s t V a . S y ste m 4 s .
U n d erlyin g b o n d s, see table: u n d erlyin g stock s still o u t. $ 2 1 ,2 2 7 .
(5) Pittsburgh Lake E rie & West V irginia System m tg e . refu nd ing 4 % gold
b on d s (au th orized a m o u n t $ 7 5 ,0 0 0 ,0 0 0 ) are a lien on 1 ,0 4 2 m iles, consisting
o f the O h io R iv er, C lev. L orain A W h e e lin g , P ittsb u rgh A W e s te r n , A c .,
form in g a direct conn ection w ith P ittsb u rg h , C leve lan d , F a lrp o rt, L o r a l*
an d S a n d u sk y , su b je c t to u nd erlyin g bon d s o u tsta n d in g thereon (see table
a b o v e ).
In S e p t. 1 9 0 5 $ 2 9 ,0 6 0 ,9 5 0 ad d ition al u nd erlyin g b o n d s. Including
$ 7 ,6 3 5 ,0 5 0 P ittsb . J u n e. A M id d le D lv . 3 ) 4 s , were held In tru st as part se
c u r ity .
T h e $ 3 0 ,5 5 3 ,0 0 0 unissued are reserved to retire u n d erlyin g b o n d s,
V . 7 4 , p . 2 6 6 ; V . 7 9 , p. 2 7 9 3 ; V . 8 0 , p . 1 4 2 3 ; V . 8 6 , p . 4 7 9 , 1 5 2 8 : V . 8 7 ,
p. 36; V . 88. p. 451, 685.
(6) New York Division and Term inal 1st 4s (au th orized a m o u n t $ 1 0 ,0 0 0 ,
00 0) are secured b y d ep osit w ith th e tru stee o f all th e S ta te n Isla n d R a p id
T ra n sit refu nd ing 4s as Issued ( $ 5 ,0 0 0 ,0 0 0 a u th o r ize d ), all th e $ 3 5 0 ,0 0 0
B a lt. A N . Y . 1st 5s an d th e entire stock s o f those c o m p an ie s.
O f the
b o n d s, $ 5 ,0 0 0 ,0 0 0 w ere Issued on June 3 0 1 9 1 1 , b u t held in th e tre a su ry , the
b alan ce b ein g reserved for the further e q u ip m e n t, d e v e lo p m e n t an d ex te n
sion o f th e S ta te n I . properties. Including B a lt . A N . Y . R y . V . 8 3 , p . 1 0 4 2 .
In N o v . 1907 purchased 2 ,0 0 0 cars from th e F a ir m o n t C oal C o ., assu m in g
part of $ 1 ,5 2 9 ,0 0 0 5 % car tru st bon d s d ue $ 1 6 2 ,0 0 0 y e a rly to S e p t. 1 9 1 8
V . 8 5 , p . 1404.
G rou nd rent liens Ju n e 3 0 1 9 1 1 , $ 1 ,1 3 0 ,4 9 6 .
L E A S E D L I N E S . — S ch u ylk ill R iv e r E a st S ide 5 % b o n d s w ere purchased
D e c . I 1 9 03 a t 1 1 0 , per V . 6 8 , p . 4 0 , an d $ 5 ,0 0 0 ,0 0 0 n ew 4s Issued gu aran
teed p . A I. b y e n d o rsem e n t.
V . 7 7 , p . 1 7 4 5 ; g u a r a n ty , V . 8 1 , p . 7 2 7 .
T h e W e s t V irginia A P ittsb u rgh (see a greem en t In V . 6 7 , p . 1 3 10 ) has
been op erated since S e p t. 1 1 8 9 9 u nder a 9 9 y e a rs’ lease, for 4 % on th e m t g e .
to be ap prop riated to p a y m e n t of b o n d In terest.
V . 69, p. 439.
F I N A N C E S .— In Ju n e 1 9 12 a financial p lan w as u n d er con sid eration t*
p rovid e fo r the sh o rt-te r m n otes m atu rin g In 1 9 13 an d th e refu n d in g of
u n d erlyin g b on d s, th e b on d Issue to be a u th orized to be p ossib ly $ 2 0 0 ,0 0 0 ,0 0 0 .— V . 9 4 , p . 15 0 7 .
In 1 9 1 0 filed 4 % eq u ip , m tg e . for $ 1 0 ,0 0 0 ,0 0 0 , none to b e Issued a t pres
en t.
V . 90, p. 696, 848.
In J a n . 1 9 12 sold $ 1 0 ,0 0 0 ,0 0 0 4 ) 4 % e q u ip , tru st
certs.
V . 9 4 , p. 2 7 7 , 3 4 9 .
In M a y 1 9 1 0 sold $ 4 0 ,0 0 0 ,0 0 0 3 -y e a r 4 1 4 % gold n o te s, p art o f a $ 5 0 ,0 0 0 ,
0 0 0 a u th . Issue, for Im p rove m e n ts and e q u ip ., secu red b y $6,OOO,O()0 first
p r e f., $ 1 4 ,0 0 0 ,0 0 0 2n d p ref. and $ 1 0 ,0 0 0 ,0 0 0 R e a d in g c o m . stock an d $ 2 8 ,
0 0 0 ,0 0 0 B . A O . C hic. T e r m . 1st M . 4 % b o n d s, the rem ainin g $ 1 0 ,0 0 0 ,0 0 0
b ein g sold to retire the $ 1 0 ,0 0 0 ,0 0 0 n otes d u e M c h . 10 1 9 1 1 .
O th e r collat
eral m a y be su b stitu ted .S e e V . 9 0 , p . 1 2 9 5 ; V . 9 2 , p. 4 6 0 ; V . 9 3 , p . 1 2 6 5 .
T h e capital expend itu res for 13 years en d ing D e c. 31 1 9 09 were $ 1 5 1 ,
7 0 4 ,0 0 0 , an d $ 2 4 ,0 0 0 ,0 0 0 will b e required to c o m p lete con stru ction and
b ette rm en ts In progress an d eq u ip m en t c o n tracted fo r .
V . 90, p. 166.
E A R N I N G S .— 2 m o s ., / 1 9 1 2 _____G ross, $ 1 6 ,9 3 1 ,1 5 6 ; n e t, $ 5 ,2 5 9 ,6 6 2
J u ly l to A u g 3 1 .
1 1 9 1 1 _____G ross,
1 5 ,6 1 1 ,6 7 2 ; n e t,
5 .0 5 3 ,8 9 9
R A P O R T .— P relim in ary s ta te m e n t for 1 9 1 1 -1 2 (June p a rtly e s t im a t e d ),
V . 9 5 , p . 109.
For year 1 9 1 0 -1 1 , V . 9 3 , p . 1255, 1 2 6 4 . (See also p . 1 2 29 .)
Year ending J u n e 3 0 —
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
...............
4 ,3 3 4
4 ,4 3 4
M iles ........... .......................... ...............................
F reigh t ea rn in g s_________ ______________1
f $ 6 7 ,0 2 9 ,9 3 7 $ 6 9 ,4 0 8 ,1 1 3
P assenger ea rn ing s____________________ [ $ 9 2 ,5 9 4 ,3 2 2 1 1 5 ,2 0 8 ,4 3 2
1 4 ,4 8 5 ,5 8 5
I
5 .3 0 6 .6 3 5
5 ,0 0 7 ,5 5 4
M a ll, ex press, A c ., ea rn in g s.
T o ta l gross e a rn in g s___________________ $ 9 2 ,5 9 4 ,3 2 2 $ 8 8 ,1 4 5 ^ 0 0 7 * 8 8 ,9 0 1 ,2 5 2
O p eratin g e x p e n se s_______________________ 6 4 , 7 0 9 ,5 3 7
6 2 ,7 6 6 ,0 6 7 6 1 ,3 3 3 ,8 0 1
N e t earnings
$ 2 7 ,8 8 4 ,7 8 5 $ 2 5 ,3 7 8 ,9 3 7 $ 2 7 ,5 6 7 ,4 5 1
O peratln” Incom e (after taxes) 1 1 1 1 11 2 4 ,2 3 0 9 4 8 $ 2 2 ,6 3 4 ,3 7 5 $ 2 4 ,4 9 7 ,8 5 4
O th er In c o m e.......................................................
4 ,3 7 9 ,6 7 0
4 ,8 9 6 ,5 9 8
4 ,2 1 7 ,8 9 8
T o ta l n et In com e.........................................$ 2 8 ,6 2 0 ,1 0 1 $ 2 7 ,5 3 0 ,9 7 3 $ 2 8 ,7 1 5 ,7 5 2
In te re st, ren ts, A c ........................................... $ 1 4 ,7 1 6 ,9 7 4 $ 1 4 ,7 1 0 ,9 8 2 $ 1 2 ,4 6 8 ,1 0 5
M iscellaneous Im p ro v e m e n ts, A c _____
__________
________ _
.
D iv id e n d s on preferred stock ( 4 % ) . .
2 ,3 5 5 ,5 4 5
2 ,3 5 5 ,5 4 5
2 ,3 5 .) ,6 7 *
D ivid e n d s on com m on stock
( 6 % ) __
9 ,1 2 0 ,0 0 0
9 ,1 2 0 ,6 0 0
9 ,1 1 8 ,5 3 8
B a la n ce , su rp lu s_____________ $ 2 ,4 2 7 ,5 8 2
$ 1 ,3 4 3 ,8 4 6 $ 4 ,3 5 7 ,6 1 3
E x e c u tiv e C o m m ittee— D an iel W illa r d . C h airm an ; O scar G . M u r ra y ,
L . F . L o re e, R o b e r t S . L o v e tt , E . R . B a co n , N . IL R e a m an d S a m u e l R e a ;
P r e s., D an iel W lard; 1st V ic e -P r e s ., G e o . F . Randolph; 2 d V ic c -P r e s .. G ..
M . S h rlver; 3d V . - P . , A r th u r W . T h o m p so n ; 4 th V . - P . A T r e a s ., J . V . M c N e a l; S ec . C . W . W o o lfo r d .
,
D irectors— R . B ren t K c y se r , J ohn P . G reen , S a m u el R e a . P au l M . W a r
b u rg, O scar G . M u rra y , J am es S p e y e r , R o b e r t S . L o v e tt , N o r m a n B .
R e a m , J am es S tillm a n , E d w a rd R . B a co n , Joseph W o o d . L . I*. L o r c c .
N ew Y o r k o ffic e, 2 W a ll S t .— ( V . 9 5 , p . 1 0 9 , 2 3 5 , 6 7 8 , 8 8 9 .)
B A L T I M O R E & O H IO C H IC A G O T E R M I N A L R R ,— P rop erty con
sists o f passenger an d freight term in als In c ity o f C h icago, lines o f railw ay
leadin g thereto an d a b elt line arou n d th e c ity : also 7 6 0 acres or lan d In
an d a d jacen t to th e c ity , o f w hich 5 0 acres are In th e cen tre o f the business
district; also includes 7 ,5 0 0 feet o f d ock p rop erty on C hicago R iv e r .
N early
all la n d . Including th a t u pon which tracks h a v e been b u ilt, Is ow ned In fee;
T rack ow n ed , 8 4 m .; leases from C hicago J u n ction R y . 11 m .; tra ck a g e, 7 m .;
to ta l. 101 m .; 2d tra ck , 6 9 m .; sid in gs. 1 1 8 m .: to ta l all tra ck s. 2 8 9 m iles.
H I S T O R Y . — Successor to C hicago T e rm in a l T ran sfer R R ., b id In on J a n .
10 1 9 10 b y th e B . A O . u nder foreclosure o f 1st m t g e ., su b je c t to tw o u nd er
ly in g m tg e s. sh ow n a b o v e .
V . 9 0 , p. 166, 100, 2 3 5 , 6 2 5 .
S to c k au th or
ized and Issued, $ 8 ,0 0 0 ,0 0 0 : p ar, $ 1 0 0 .
T E N A N T S .— B a lt . A O h io , C hicago G reat W e s to r n . C hicago J u n c tio n .
Pero M arq u e tte.
See V . 7 7 . p. 9 4 8 , 2 1 5 8 ; V . 7 9 , p . 9 0 1 .
T o t a l m in im u m
ren tals from ten a n ts, $ 5 1 3 ,5 0 0 a n n u a lly .
V . 79 , p . 2084.
B O N D S .— O f the 1st M . b ond s o f 1 9 1 0 , $ 2 8 ,0 0 0 ,6 0 0 Issued as scries A 4s
w ere given to the B a lt . A O h io to rep resent th e cost o f the p r o p e r ty , an d are
pledged under Its 3 -y e a r 4 ) 4 % secured gold n ote s, $ 5 ,0 0 0 ,0 0 0 a d d ition al
series A 4s to b e Issued w hen required for Im p rove m e n ts an d $ 1 ,2 0 0 ,0 0 0
reserved to retire th e old bon d s an d $ 1 5 ,8 0 0 ,0 0 0 for ex te n sio n s. Im p ro v e
m e n ts an d eq u ip m en t to bear n ot over 4 ) 4 % In terest,
V . 90, p. 1295.
RAILWAY STOCKS AND BONDS.
15
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Baltimore & Potomac— See Phila Balt & W ashington.
Bangor Sc Aroostook — Stock (see te x t).............. ..........
• First m ortgage ($16,000 per mile) gold ______ G.c*
Second m ortgage gold --------------------------------------Usm
First mtge Piscataquis DIv $1,500,000 g old ._G .c*
• V Bur E xt 1st M $500,000 g (V 69, p 9 52 )- ,- G .c *
• A roostook Northern 1st mtge $225,000 g o ld .-G .c *
Consol refunding m tge $20,000,000 gold ____ OB.c*
• M edford E xt 1st M $1,000,000 g (V 84 ,p 6 9 2 )-U s.c*
W ashburn Extension 1st M gold _________ C e.c*A r
St Johns R lv E xt 1st M $1,800,000 g u a r .. C e.c* Ar
A roostook County bonds (assumed)
N orth Maine Seaport 1st M guar p A I -.U s m .c ’ &r
Car trusts Ser C gold guar due $45,000 s-a .P eP .c*
Car trust Ser D g gu $45,000 due s-a _________PePo*
Car trust Ser E gold due $12,000 or $13,000 yrlyPeP
Bath & Hammondsport— First m ortgage
Second m ortgage..................................
„
Beaum’ t & Gt Nor— 1st M g $40,000 p m red 102 H - - 0
Beech Creek— Stock (guaranteed 4 % b y endorsement)
First m
*
- —
Second
Beech Creek
Beech Creek
Bellingham Bay & Brit Col— 1st m $i,uuu.uuu go
Belt RR & Stk Yd, Ind— Stock auth $2,000,000-
M iles Date
Road Bonds
211
211
77
33
15 H
412
28
55
60
1893
1895
1899
1899
1897
1901
1907
1909
1909
1895
54 1905
1906
1907
1911
10 1889
10 1893
49 1909
165
165 1886
165j 1892
59 1901
1905
All
1901
Preferred stock cum ulative------------------------------
Belt R y of Chattanooga— First m tge gold
M eBa.c
Beit Line R y, M ontgom ery— 1st M gold $300 ,0 0 0 ----Beividere Delaware— Stock $ 4 , 0 0 0 , 0 0 0 - - - - - - - - - - - - o f 1875
[Issue $600,000 reduced b y sink fd -.i
$4,000,000 Jguaranteed b y United Co's sink fd .o '
Bennettsville & Cheraw— 1st M $150,000 g -.M eB i
Bessemer & Lake Eric— Erie equipment trust----------L ocom otive equipment trust_______________________
Standard equip trust_______________- - - - - --------------Bessemer equipment trust, due $110,000 y e a r ly ..
49
1909
1895
1911
81
81
81
81
—
—
1885
1887
1893
1903
1911
1902
1903
1905
1907
Par
Value
BANGOR & AROOSTOOK R R .— (.See M a p .)— Oldtow n. M e., northerly
to Van Buren, with branches; total, 630.5 miles, viz.:
Lines Leased—
M iles.
Lines owned—
M iles.
Oldtown to Van Buren-------------- 221.7 Northern Maine Searsport, So.
La Grange to Searsport---------- 54.1
Ashland Jet. to Fort K en t............ 94.9
5.7
Milo Jet. to Greenville..............- 48.8 S p u r s _________________________
South La Grange to P a ck a rd s.. 28.0
S t. Johns River E xtension............ 60.3
W ashburn E xtension..................... 55.1
Total June 30 1912................ 630.5
B ra n ch es_______________________ 6 1 .J
O R G A N IZ A T IO N .— Organized F eb. 13 1891. See V . 66, p. 855. Owns
entire stock of and leases for 999 years Northern Maine Seaport R R . V . 81,
D. 1549; V. 84, p. 693.
STO C K .— $3,198,600 as Increased in 1910 and 1911. V . 84, p. 1549.
D IV ID E N D S .— lY i% semt-annually Jan. 1904 to Jan. 1905, both In
clusive; July 1906 to July 1912, 4 % yearly.
BO N D S.— Plscat. D lv. 5s, see V . 67, p. 1159; V . 68, p. 84, 329. Of the
oonsol. ref. gold 4s, $12,500,000 were reserved to pay oir the outstanding
bonds Including those of controlled roads, car trusts and pret. stock,a n d to
acaulre such controlled roads; $3,000,000 for Improvements over a series
of years and $4,500,000 for extensions at $25,000 per mile. Including equip
m ent. V . 73, p. 286, 896: V. 74, p . 93. The Northern Maine Seaport
bonds of which $4,706,000 issued ($5,000,000 auth.), are guaranteed. V .
81 D. 265; V . 82, p. 392; V . 84, p. 391, 692: form of guaranty, V . 81, p. 727.
The Washburn Extension 1st M. 5s of 1909 cover the road from Masardls
to Stockholm , Me., 48 m ., with 7-mile branch. V. 90, p. 848, 913.
The St John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed, prin. & Int., were Issued at $30,000 per mile, the 60 miles being
com pleted In N ov. 1910. V . 93, p. 939.
.
The A roostook Construction Co., which owns control, has made an Issue
o f S9 500 000 5-year collateral trust 5 % gold bonds dated May 1 1912, of
which SI 500 000 have been issued to fund floating debt o f the Bangor A
A roostook R R . and the A roostook Construction Co. The notes are secured
b v S i 350 000 B . & A . R R . consol. 4s and $2,000,000 stock and 1,750 shares
of Northern Telegraph Co. stock. V . 94, p. 1382; V . 95, p. 237.
LA TE ST E A R N IN G S .— 11912--Gross, $469,112; net, $129,235.
2 m os., July 1 to Aug 31. \ 1 9 ll--G ross, 501.522; net, 146.179.
Deficit after charges In 2 m os. of 1912, $52,794, against $29,511.
A N N U A L R E P O R T .— R eport for year ending June 30 1912, "C h ro n
i c l e ''O c t . 26, showing. gross, $3,345,241; net. $1,196,568; other Income,
$150,581; charges, $1,283,592; divs. (4 % ), $127,944; bal., def. $04,387. In
1910-11, gross, $3,173,112; net, $1,169,310. Pres., Arthur H olland.—
(V . 94, p. 1382; V . 95, p . 418, 1038.)
BARTLETT-W ESTERN R Y .— Owns Bartlett, T ex., to Florence, 23 m .
In corp . in Texas on June 17 1911 as successor of Bartlett-Florcncc R y .,
foreclosed May 29 1911. V. 92, p . 1700. Extension proposed in May 1912
from Bartlett to Cameron, 32 miles. V . 94, p. 1382. Pres., J. W . Jackson,
1st V .-P . and Gen. M gr., C. J. Grainger; 2d V .-P ., J. L . Bailey; Sec., W . W
W alton; Treas., C. C. Bailey.— (V . 94, p. 1382.)
B A T H & H A M A IO N D S P O R T R R . — Bath, N . Y ., to Ham m ondsport,
N Y ., 10 miles. Control acquired b y Erie R R . In 1908. Stock, $100,000.
Year ending June 30 1912, gross, $45,640; net, Incl. other Income, $9,959;
Interest, taxes, A c., $17,902; betterm ents, $5,334; bal., d ef., $13,277.—
(V . 79, p. 1954.)
B E A U M O N T & G R E A T N O R T H E R N R R .— Owns Trinity, T e x ., to
W eldon,149.3 miles. Stock, $49,000, all acquired in O ct. 1912 by Missouri
Kansas & Texas R y . V . 95, p. 967. Guaranty Trust Co.. New York,
m ortgage trustee. V. 90. p. 235. For year ending June 30 191 ,
N . Y .. mortgage trustee. V . 90, p. 235. For year ending June 30 1911,
gross. $89,604; net, after taxes, $30,399; other incom e, $248; charges, $30,
558' bal., sur., $90. Pres., William Carlisle, Atchison, K an.; Sec. and
Treas., W . S . Bartlett. Office, Onalaska, T e x .— (V . 95, p. 967.)
(See Maps N . Y. Central & Hudson River RR.) —
R O A D . — Jersey Shore, P a., to Mahalfey, 112 m .; branches to Phlllpsburg,
to mines, A c., 53 miles; total, 165 mites.
L E A S E , A c.— From O ct. 1 1890 leased to the N . Y . Cent. A H ud. R iver
R R . for 999 years at Interest on bonds and 4 % on stock, and since M ay 1
1899 operated directly as a part of Its Pennsylvania division. V . 68, p. 872.
Carries m ostly coal and coke. See guaranty, V . 52, p. 570. The bonds arc
endorsed with New York Central’s guaranty of principal and interest. Sec
V . 52, p. 570. Guarantees Interest on $718,000 Clearfield Bituminous Coal
1 st 4s due Jan. 1 1940— see that co. under "Industrials.” — (V . 75, p . 1398.)
B E E C H C R E E K E X T E N S I O N R R .—
(See Maps N . Y. Cent.
A
IludRiv.)
— Clearfield, P a., to Keating, 52.14 m .; Curry to Curwensvllte, 15.77 m .;
H arm on to Irvona, 26.76 m .; Mahalfey to Arcadia, 13.67 m .; branches,
22.78 m .; total, 131.12 miles. In Feb. 1911 purchased 7 miles from Keating
to L ock Haven (form er PIttsb. Binghamton A Eastern), V. 92, p. 596. A
low-grade coal lino leased to N . Y . Central A Hudson River R R . (which
ow n s the entire $5,179,000 stock and $3,964,000 consol. 4s) for 999 years
from June 1 1905, bonds being guar. p. A 1. Of the consols, part Is reserved
t o retire, $ for $, old bonds.
V . 80, p. 1174, 1479; V . 81, p. 30: form of
guaranty, V . 82, p. 1267.— (V . 82, p. 1267.)
B E L L I N G H A M B A Y & B R I T I S H C O L U M B I A R R .— Bellingham to Gla
cier, W ash., 44.16 m .; branch from H am pton to Lynden, 6.32 m .; spurs,
6.99 m .; yard tracks and sidings, 6.33 m .; total, 62.80 m. In Mch. 1912
71 % stock acquired by Chic. Milw. A Puget Sound R y . V. 94, p .7 6 6. Stock,
$1 000,000. Loans and bills payable June 30 1912, $273,561. Year ending
June 30 1912, gross, $329,269; net,Income, $96,877; Int., rentals, A c.,
$74,519; bal., sur., $22,358.— (V . 81, p. 840; V . 94, p. 766.)
B E L T L I N E R Y . O F M O N T G O M E R Y . — Owns real estate and a belt line
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
$100 $3,198,600 4 in 1912 Semi-an July 8 1912 2 %
3.360.000
5 g
J
A J Jan 1 1943
1,000
5 g
J
A J July 1 1945
112,000
1,000
A A O Jan 1 1943
5 g
1,500,000
1,000
A A O Jan 1 1943
500.000
5 g
1,000
A A O Oct 1 1947
5 g
225,000
1,000
J A J July 1 1951
8,431.000
4 g
1,000
M A N May 1 1937
1,000,000
5 g
1,000
F A A Aug 1 1939
5 g
1,650,000
1,000
F A A Aug 1 1939
1,800.000
5
1,000
Various July 1915
228,000
4H
1,000
A A O Apr 1 1935
4,720.000
5 g
1,000
A D T o June 1 1916
J
360.000
5 g
1,000
A A O T o April 1 1917
405,000
5 g
1,000
A A O T o Oct 1 1921
5
113,000
1,000
.1 A D June 1 1919
100,000
5
1,000
200,000
5
A A O Apr 1 1923
1,000
A J July 1 1939
605,000
5 g
J
1,000
6.000,000
4
50
Q - J Oct 1 1912 1%
5,000,000
4 g
J
A J July 1 1936
1,000
1,000,000
J A J July 1 1936
5 g
1,000
3.500,000
1,000 Ac
3 H g A A o Apr 11951
A A o Apr 11955
3.964,000
4 g
1.000 Ac
A D Deo 1 1932
J
639,000
5 g
1,000
1,500.000 See text See text Oct 1 1912 2%
50
500,000
6
Q— J Oct 1 1912
50
M A N xMay l 1939
1,000,000
4 g
1,000
A J July 1 1945
J
300,000
5
1,000
A J July 1 1941
J
225,000
5 g
1,000
1,253.000 10 In '11 See text Deo 3 0 '11 10%
50
M A S Sept 1 1925
4
500.000
1,000
F A A Feb 1 1927
749.000
4
1,000
4
J A J Jan 1 1933
416,000
1,000
g F A A Feb 1 1943
972,000
1,000
A J Jan 1 1941
.1
150,000
5 g
M A S Mch 11922
1,220,000
5
1,000
150,000
M A S Mch 11913
fi
1,000
A A O Apr l 1925
1,060.000
5
1,000
M A S Mch 1918-1927
1,100,000
5
1,000
R E P O R T .— For year ending June 30 1911, gross, $1,451,102; net, $224.
445; other Income, $841,411; Int., taxes, rentals, A c., $1,553,633; bal., d e f„
$487,499. R eport of old co. for year end. June 30 1909, given In V . 89, D
1066, shows: Oper. rev., $1,091,817; oper. Inc., d ef. after taxes, $101,727;
other Income, $698,412.— (V . 90, p . 625, 1101, 129o; V . 92, p . 1031.)
B E E C H C R E E K R R .—
[VOL. LXXXXV.
RAILWAY STOCKS AND BONDS.
16
Places Where Interest and
Dividends are Payable
Checks mailed
Guar Trust Co, New York
do
do
do
do
do
do
do
do
Brown Bros, N Y & B o lt
do
do
Central Trust Co, N Y
do
do &Bos
Fourth Nat Bank, Bost
Brown Bros N Y Bos&Ph
Brown Bros, N Y & Bost
Brown Bros, N Y & Bost
do
do
50 Church St, New York
do
do
New York
Grand Cent Terminal, N Y
do
do
do
do
Grand C entT crm lnal.N Y
do
do
U S M A Tr Co. N Y ;A SF
Co's office, Indianapolis
do
do
Nat City Bank, N Y
Mercantile Tr A D ep.Balt
Safe Dep A Tr Co, Balt
Broad St Station, Phila
do
do
do
do
do
do
do and Bk C om ,N Y
Merc T r A Dep Co, Baltl
H om e Tr Co, H ob ok , N J
do
do
do
do
do
do
In Montgomery, Ala., about 1 mile of traok on Tallapoosa, Bell, Perry and
Columbus streets. Atlantic Coast Line R R . pays an annual rental equal to
bond Interest and dilfcrence between taxes, Insuranco and cost of operation
and gross earnings from others than the Atlantic Coast Line. Atlantlo
Coast Line R R . owns $107,900 of the $200,000 stock; par, $100. Of the
$300,000 1st 30-year 5s, $75,000 are reserved for Improvements and addi
tions. V. 92, p. 1242; V. 93, p. 43. Year ending June 30 1911, gross,
$16,432; net, $7,203; charges. $9,806; bal.. def.. $2,603.— (V. 93, p. 43.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— Owns 14
miles of belt road. Ac. Leased for 999 years to Ind. Union— which see.
STOCK.— In June 1911 stock was Increased from $1,000,000 to $2,000.
000, one-half of the new stock being distributed July 1 as a 50% stock div
idend, the remainder to be sold as required for Improvements. V.92.P.1700
DIV’ ND— 1Preferred In/Common '05. '06. '07. '08. '09. '10. 1911. 1912.
SInco 1904../fu ll to date.[stock, % 8
8 11 12 6
6
3
10
The $1,000,000 30-year 4s of 1939 (Union Trust Co...Indianapolis, trustee)
were used to retire the 6s due April 30 1911. V. 89, p. 40; V. 92, p. 1242.
Pres., S. E . Rauh, Indlanapols, Ind.— (V. 94, p. 910.)
BELT RAILW AY (OF CHATTANOOGA, TENN.)— Owns 49 miles of
belt railroad In Chattanooga, Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama Great Southern R R .; rental guaran
teed to meet Interest on first mtge. bonds, taxes and maintenance. STOCK
Is $300,000, owned by Alabama Great So. R y. Thero are also $24,000 2nd
income M. 4s, due 1945. redeem, at par.
BELVIDERE DELAWARE RR.— Owns from Trenton, N. J., to Manunka Chunk, N. J., 67 miles; Flemington R R ., Ao., 14 miles; total oper
ated, 81 miles. Leased to United Companies, and transferred to Pennsyl
vania R R . March 7 1876. Net earnings paid as rental.
D i v i d e n d s .— 1897 to 1906, 5% yearly; 1907 to 1909 (Feb. or Mob.), 10%
yearly; Dec. 1909, 5% (s.-a.); 1910, Dec. 31, 10%; 1911, Deo. 30, 10%.
BONDS.— All of the outstanding bonds arc secured by the consolidated
mortgage of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned. The Issues of 1885, 1887 and 1903 are guaranteed by the United
New Jersey R R . A Canal Co. Guaranty, V. 76, p. 918.
E A R N IN G S .— In 1911, gross, $1,876,371; net, $185,185; other income,
$42,963; interest, taxes, A c., sinking fund and other charges, $213,820;
lm p ’ts, $19,646; divs. (1 0% ), $125,300; deficit, $130,619.— (V . 91, p.1765.)
BENNETTSVILLE & C H E R A W R R — Owns Kollocks, S. C.. on Sea
board Air Line, via Bennettsville, to Brownsville, 34 m. To bo extended
over 11 miles to Sellers on Atlantlo Coast Line. Purchased by present
owners about March 1907. Stock, $250,000. Bonds (sinking fund $3,000
yearly), V. 92. p. 116. Year ending Juno 30 1912, gross, $96,270: net after
taxes, $28,837; bond Interest, $6,875;divs. (6% ), $15,000; bal., sur., $6,962.
Pres., J. J. flecker: Sec. and Treas., Geo. Burchlll. Office, Bennettsville,
S. C.— (V. 92, p. 116.)
BENNINGTON & RUTLAND RY.—See Rutland R R .— (V. 70. p. 685.)
BESSEMER & LAKE ERIE RR.— Leases Pittsburgh Bessemer A Lake
Erie R R .. Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie,
Ac., with branches and spurs, a total of 241 miles, for 999 vears, from Apr. 1
1901: owns 9 miles; total, 250 miles. V. 72, p. 137. Stock, auth., $500,000.
Dividends paid: In 1904, 100%: 1905, 50%; 1906, 40%; 1909. 150%; 1910.
100%; 1911, 150%. Controlled by Carnegie Co. and so by U. S. Steel Cor
poration. Guaranty of Marquette A Bessemer Dock A Navigation bonds.
V . 77, p. 1228; V. 76, p. 1358; V. 82, p. 160.— (V. 94, p. 1694.)
BINOHAM CENTRAL RY.— (V. 92. p. 116.)
BINGHAM & GARFIELD RY.— Sec page 141.
BIRMINGHAM & ATLANTIC RR.— Talladega to Coal City. Ala.; 31
miles; branches, Rogans to ore beds, 9 miles, and rurnaco to Welslngers,
3 miles; total. 43 miles. Stock, $1,000,000, all common; par of shares.
$100. Bonds. $500,000 40-year 1st 6s, due Nov. 1 1931 ($1,000 eaoh);
Interest, payable M. A N., In default. Year ending June 30 1911, gross,
$22,713; net income, $1,38-1; Int., taxes, Ac., $42,885; bal., def., $41,501,
In 1909-10, gross, $19,997; net Income, $252: taxes, Ac., $3,363; bond Inter
est, not paid. Pres., Sidney H. March; Sec., and Treas., Willoughby J.
Kingsbury, 25 Broad St., New York.
BIRMINGHAM & SOUTHEASTERN RY.— Owns Union Springs to
Tallassee, Ala., about 35 miles. Including an extension from Fort Davis to
Mlllstead, 21 m., completed early in 1912, and 6 m. from Tallassee to.Millstead which was purchased. V. 94, p. 1316. Further extension proposed
to Rockford, 31 m. Name changed from Union Springs A Northern Ry. In
May 1911. V . 92, p. 1244. Stock, $500,000 as Increased Mch. 1911. Of
the first 6s of 1911, $350,000 have been sold. V. 93, p.43; V.94, p.1316.
For 10 mos. ending Apr. 30 1912, gross, $34,459, agst. $29,935 In 1910-11;
net, $14,001, agst. S13.306. Year end. June 30 1912, gross, $69,385; net,
$28,744. In 1910-11 (7)4 miles), gross, $32,787. Pres., W . M. Blount,
Union Springs, Ala.— (V. 94, p. 1316.)
BIRMINGHAM TERMINAL CO.— Owns passenger terminals at Birming
ham, Ala. Stock all owned by the Illinois Central, Southern R y., Seaboard
Air Line, Central of Georgia, St. Louis A San Francisco and Alabama Great
Southern, which lease the property and pay all expenses, charges and 4%
dividends on the stock and Jointly guarantee tho bonds. Of the bonds
($3,000,000 authorized), $1,060,000 are reserved for additional propertle*.
V. 83. p. 1227; V. 85, p. 404. Guaranty, V. 90, p. 848.— (V. 90, p. 848.)
BLOOMSBURG & SULLIVAN RR.— Owns Bloomsburg to Jamison City;
P a., 29 miles. Stock Is $600,000; par, $50. V. 66, p. 80, 952. Year
June 30 1912, gross, $110,744; net, $45,334; other Income, $1,090; charges,
$41,390; bal., sur., $5,033.— V . 60, p. 80. 952.)
BOCA & LOYALTON RR.— Owns from Boca, on Central Pacific main
lino, northwesterly via Loyaltou, to Beckwith, 40 miles; 6 miles additional
main line and 10 miles of branches; total, 56 miles. Tho Denver & Rio
Grande June 30 1912 owned 51% of stook.
Stock, $1,200,000; par of shares, $15. Bonds cover also Roberts Lumber
Co.’s property, comprising 52,769 acres of pine lands, water-works, Ao.
Mercantile Trust Co. of San Francisco Is mortgago trustee. They are sub-
M AP
OF
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18
[VOL. LXXXXV.
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Bessemer & Lake Erie (Concl)— Conneaut equip trust
N ational equipment trust due 840,000 May yearly
M cadville equip trust due 855.000 Mch y e a r ly - - .
Bine & Gar— 1st M g gu red 110 b cg’ 13 convJuIy’ H - ’ 14
Birmingham Belt— See St Louis & San Francisco
Birm'h & Southeas— 1st M S3.000.000 g red 107 )4.C e
Birmingham Terminal— 1st M S3.000.000 gold guar.
Bloom sburg & Sullivan RR— 1st M - _____________ FP
Second mortgage Income non-cum 8200.000____FP
Boca & Loyalton— First M 8675.000 gold call 110--C
Boon ville St 1. & South R v— 1st M g gu red 107 )4- -E a
Boston & Albany— Stock (830.000.000 authorized). Bonds (not m ortgage) guaranteed prln and ln t____ c
Bonds (not m ortgage) S5.000.000Bonds (not mtge) 82.500.000 (V 71.D 1218:V72,p44)
lm p t bds (not mtge) 84,500,000 due 1934 gu p & 1
do
(not mtge) 82,000.000 guar prln & lnt —
lm p t bonds (not mtge) 81.000,000 guar. p. & l_Bos & Low— Stk auth (87,679,400)Bonds 40 years not m ortgage____ See description
Bonds 20
do
do
____ In ‘ ‘ Investors’
Bonds d o
do
do
____ Supplem ent”
Bonds do
do
do
____ o f April 1895.
Bonds do
do
do
o * ------ p. 2.
Bonds do
do
do
o * ____ Boston AMalne
Bonds do
do
do
------ gives a rental
------ guaranty for99
Bonds do
do
do
Bonds d o
do
do
o ------ years.
___
Bonds d o
do
do
____
Bonds do
do
do
Boston & Maine— S tock, com m on and scrip............OB
Preferred stock 6 % non-cum ulatlve------------------- OB
Im provem ent bonds s f not m ortgage or subj to call
Bonds (not mortgage) for Im provem ent & r e f.-c & r
Bonds (not m ortgage) gold _______ ................ ...... c&r
Bonds exchanged for Fitchburg stock (V 70, p 175)
Bonds (not m ortgage), 81,000.000
Bonds 82,000,000 (hot m ortgage).
Bonds (not m ortgage), 20-year—
Bonds (not m tge), cu rrency_____
Bonds (not mortgage) 812,000.000 ______ _____ c&r
Miles Date
Road Bonds
1911
1910
Par
Value
1,000
1,000
1,000
8500 &o
Amount
Outstanding
Rate
%
8300,000
120,000
550,000
2,500.000
5
5
5
6 g
350,000
6 g
100 &o
1,940,000
4 g
1,000
5
278.100
100 &o
5
199,600
100 &c
442,000
6 g
1.000
500,000
5 g
1,000
392
100 25,000,000 See text
3)4
3,858,000
1902
1.000
4
3,627,000
1893
1,000
1,000,000
1901
3)4
1,000
4
'0 8 -’09
1,000 11,500,000
4
1910
1,000
2,000,000
___ 1912
1,000,000
1,000
4)4
See text
8
100
1892
1,000,000
4
1,000
1893
1,000,000
4
1,000
__ 1895
500,000
4
1,000
1896
750,000
4
1,000
414,000
4
’9 7 -’98
1,000
’9 9 -’01
939,000
1,000
3)4
1903
250,000
1,000
3)4
1905
500.000
1.000
3)4
1906
500.000
4
1,000
1907
325,000
4
1,000
4
1909
350.000
1,000
See text 4 in 1912
100
___
3,149,800
6
100
___ 1887
4
1,919,000
1, 00
1892 1,000 &o
4
2,500.000
1894
6,000.000
1,000
4)4 g
3 g
1900
5,454.000
1,000
___ 1901
1,000,000
1,000
3)4
2,000,000
1903
3)4
1,000
500,000
1905
3)4
1.000
4
1906
1.000&O 10,000,000
. . . 1909 1.000 &c 11,700.000
4)4
5.9
29
29
56
1911
1907
1898
1898
1903
1911
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
o Apr 11919
N May 1913-1915
S Mch 1922-1932
J July 1 1920
H om cT rC o,H oboken,N J
ao
do
do
do
Guaranty Trust Go, in y
When
Payable
A
M
M
J
&
&
&
&
M & N May 1 1961
M & S Mch 1 1957
J
& J Jan 1 1928
J
& J Jan 1 1928
A & O Apr 1 1923
F & A Aug 1 1951
Q — M Sept 30 T 2 , 2 %
A & O Apr 1 1952
A & O Oct 1 1913
J & J Jan 1 1951
M & N May 1 1933-34
M & N May 1 1935
J
& J July 1 1937
J
& J July 2 1912 4 %
A & O Apr 1 1932
F & A Feb 1 1913
M & S Mch 1 1915
J & J July 1 1916
A & O Oct 1917 & 1918
J & J 1919 & 1921
M & N May 1 1923
M & S Sept 1 1925
M & N Nov 1 1926
J
& J July 1 1927
A & O April 1 1929
c. — J Oct 1 1912 1
M & s Sept 3 1912 3%
F & A Feb 1 1937
F & A Aug 1 1942
& J Jan 1 1944
J
J & J July 1 1950
M & N Nov 11921
& J Jan 1 1923
J
F & A Feb 2 1925
M & s Sept 1 1926
A & o April 1 1929
Central Trust Co, N Y
Equitable Trust Go, in y
F I T & S D c o , pnna
Reg Dloom sburgh.wn ear
USM&Tr, N Y ;4 S F
New York
Office, Term s ta v n , b o h
ao
do
do
do
do
do
do
do
do
do
Old Colony Tr Co, Bostom
A t O ffice, Boston
Meroh Nat B k, Boston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A t orr, causew ay »t .,B o «
QO
oo
do
do
do
do
do
do
do
do
do
do
do
do
do
do
At O ff, Causeway St, hoi
New York an d Boston
A N N U A L R E P O R T .— Annual meeting second W ednesday In O ot. Re
Ject to call tor sinking fund at 110 and Interest. V . 76, p . 1191. For year
ending June 30 1912, gross, 8101,0581 net, 823,630. In 1910-11, gross, port 1911-12 In V . 95, p. 965.
Earnings—
1911-12.
1910-11.
1909-10.
8124,500: net, 829,162. In 1909-10, gross, 8184,296: net, 876,256; charges,
815.929.378 815,003,066
Passenger.................. ........................... 816,178,431
866.512: b a l„ sur., 89.743.— (V . 81, P- 667.)
Freight .................
26,811,513
25,891,481 25,451,237
B 0 » N V I L L E S T . L O U IS & S O U T H E R N R Y . — BoonvIUe to Versailles,
2,994,225
2,902,872
3,000,420
M o., 44 miles. In June 1911 sold to Missouri Paclllc, a new Issue ot Mall, express, &o________________
T otal operating revenues_845,990,364
844,815,084 843,357.175
8500,000 1st 5s being sold to retire the S400.000 6s due A ug. 1 1911 and tor
88,506.216 810,732,984
Improvements, guar., prln. and lnt., by Missouri Pacific. V . 93, p. 285. Net income (after tax es)____ 9,815,493
6,316,056
6,098,452
Rentals, sinking fund, & c__
6,441,543
S tock, 8250,000, par ot shares, 8 1 2 5 — ( V . 93. p. 228, 285: V . 95, p. 968.)
1,834.171
1,783,910
Interest accrued____________
2,083,703
B O S T O N & A L B A N Y R R . — Owns from B oston, Mass., to Albany, N . Y . ,
188,988
188,988
Dividends on preferred stock (6 % ) 188,988
200 miles: branches, 104 miles; leased lines, 88 miles; total, 392 miles.
Dividends on com m on stock ______ (4) 1,578,963 (5 H) 1,769,983 (6) 1,679,539
Leased In 1900 tor 99 years to the New York Central & Hudson Itlver R R .
B ala n ce.....................- ..................... def8477.703 dcf.8l,ti02,983 sur.8982,102
for guaranteed rental of 8 % per annum on the 825,000,000 stock, payable
O F F IC E R S .— President, C. S. Melleu; V .-P . and General A uditor. W .
quarterly (Mch. 30, & c.), organization expenses. Interest on bonds, taxes,
J. H obbs; Treas., Herbert E . Fisher. Office. Boston.
expenses of maintenance, &c. The B & A . received for certain property
Directors.— Chas. S. Mellen, Samuel Hem ingway, New H aven, Conn.;
not Included In the lease 85,500,000 In N. Y . Central 3 > 4% 100-ycar deben
tures, thus adding .77% per annum to 8 H % guaranteed on stock. See lease J . P. Morgan, New York; Lucius Tuttle, Richard Olney, J . M. Prendergast,
In V . 69, p .2 8 2 : V . 69, p. 1061, 1102, 1246; V . 70, p. 74: V . 71, p. 645, 963. A lexander Cochrane, Sidney W . W inslow, Boston; R o b t. M. Burnett,
The N . Y . N . II. & H artford has trackage rights over the road for 10 years Soutliboro, Mass.; W alter C. Baylles, Taunton, Mass.; Philip Dexter, B ev
from July 1 1911 anda half share In the net results of operation. V.92, p.1177. erly, Mass.; T h co. N . Vail, Lyndon. V t.; A . W . Sulloway, Franklin, N . II.;
In O ot. 1912 the New Haven and N . Y . Central made a Joint arrangement to W illiam Skinner, H olyoke, Mass.; Fred. C. Dumalne, Concord, Mass.;
provide for about 86,000,000 equip, for Boston & A lbany. V. 95, p. 1039. Edwin F . Greene, W ayland, Mass.; Fred. E . Richards, Portland, M o.;
Edward P . Ricker. South Portland, Me.; Chas. F. LInsley, Meriden, C onn.
BO N D S.— In 1908 87.000,000 25-ycar 4 % lm pt. bonds were sold, guar,
prln. and lnt., by New York Central & Hudson River R R . No mortgages — (V . 94, p. 1382, 1448; V . 95, p. 110, 478, 749, 965, 968.)
B O S T O N & P R O V I D E N C E R R . — Owns Boston, Mass., to Providence,
can be placed on the property without Jointly Including the bonds In the
lien. V . 86. p. 1099, 1158, 1466, 1528: V . 88, p. 99. In June 1909 Issued R . I., 44 miles; branches, 20 miles. Road Is to be electrified and four84 500 000 25-year 4 % guaranteed bonds for additions and Improvements tracked. V . 9 5 , p. 235. Leased 99 years April 1 1888 to Old Colony R R .;
and In 1910 sold 82,000,000 25-year 4s. V . 88, p 1060; V . 89. p. 102; V . 89. rental 10% yearly on stock, lease being modified in 1912. V . 95, p. 235.
p. 161; V . 90, p. 1169; V . 91, p. 335, 396. In June 1912 sold 81,000,000 25- The New York New Haven & Hartford on June 30 1912 owned 8482,600
year 4 H % bonds dated July 1 1912 for Impts. V .9 4 , p.277, 1055,1316,1625. stock. In May 1912 a Mass, law was passed perm itting com pany to make
D IV ID E N D S .— Since 1900, 8 X % . viz.: 2 % each In March and Sept., a mortgage to secure not over 88,000,000 bonds, due In not exceeding 75
years and bearing not over 4 )4% Interest, and also securing the bonds for
2 )4 % In June and 2 )4 % In Deo.
merly Issued, guaranteed prln. and lnt. by N . Y . N . H. & H a rtf.R R .,to
E A R N IN G S as reported to State Railroad Commission b y lessee:
Year
Operating Oper. Inc.
Other
Interest.
Balance, provide for electrification, additional tracks, elimination of grade crossings,
& c., and also the outstanding 82,170,000 4 % bonds. The New Haven
J u n e 30—
Revenues, (after T axes). Income.
D ies., & c.
Deficit.
road Is to make a small annual contribution to the sinking fund to cancel
1911-12............. 815,710,515 83.942,344 8277,528
84,256,192 def.S36.320
the bonds at the expiration o f the lease. V . 94, p . 1249, 1507; V . 95, p .
1910-11
- - - 14,593,463 2.248,415 166,896
3,802,743 d f .1,477.431
235, 678, 817.— (V . 95, p . 235, 678, 817.)
— (T . 92, p. 1563; V . 94, p. 1055, 1316, 1625; V . 95, p. 175, 235, 1039.)
B O S T O N R A I L R O A D H O L D IN G C O . — Incorporated In Massachusetts
B O S T O N & L O W E L L R R . — R O A D .— Owns Boston to Lowell, 26 miles;
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles; June 18 1909 under special A ct with power to hold securities of Boston <Ss
others, 45 miles: Middlesex Central, 11 miles; leases— Connecticut & Pas- Maine. The 8100.000 original stock is to be held by the Incorporators or
sumpslo, 146 miles; Nashua & Lowell, 15 miles; Peterborough, 10 miles; their successors, the N . Y . N. H . & H artford owning the remaining 83.006.
500. See law, V 88, p. 1618.
Northern N. H ., 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
Owns 821,918,900 com m on and 8654,300 pref. stock of the Boston & M e.,
15 m .; W ilton R R ., 13 m. Leases m ostly assumed by Boston & Maine,
or 51% of stock, for which has been Issued 827,293,900 non-voting 4 % cum .
which has authority to purchase stock. V. 92, p. 1108; V. 93, p. 939.
pref. stock, redeemable at 110, guar., prln. & dlvs., by endorsement by the
Leased In 1887 for 99 years to the Boston & Maine at 7 % per annum on
stock till Jan. 1 1897 and 8 % thereafter. The stockholders voted Jan. 3 N . Y . N . H . & II. R R ., o f which N. Y . N . I I . & I I . on June 30 1912 owned
1912 to Increase stock from 87,399,400 to 87,679,400, the 8280,000 new 824,493,900. V. 93, p. 870, 1461; V. 94, p. 205; V. 95. p. 968. The
I). & M. stock cannot be sold without authority from Mass. Legislature.
stock to be sold for additions and Im provem ents.— (V . 94, p. 349, 826.
V. 92, p. 117, 185, 259. 460; V. 90. p. 1612.
B O S T O N & M A I N E R R . — R O A D .— The system with Its many branch
Pres., Charles S. Mellon; V .-P ., T im oth y E . Byrnes, Boston; T reas.,
lines covers the territory from Boston, Mass., to Portland,M e. (two lines), Geo. B. Phlppen, B oston.— (V. 95, p. 968.)
Springfield, Mass., Sherbrooke, Can., Rotterdam Jet. and T roy, N . Y .,
B O S T O N R E V E R E B E A C H & L Y N N R R .— Owns narrow-gauge road
W orcester, Mass., to Portland, Me., and most of New Hampshire.
Lynn to East Boston, Mass., 9 miles, connecting with Boston by com
Lines owned.
M iles.
Lines leased— (Concluded) . M iles. from
pany’s
ferryboats; W inthrop Division, East Boston to W lnthrop, 5 miles;
F itch b u rg ...............
a458 also W lnthrop
Boston, Mass., to Portland, Me.,
to Point Shirley, 1 m. (form erly Point Shirley St. R y .) to be
via Dover______________________ 115 Nashua & Low ell_______________a 15
Boston to Portland, via Portsm . 108 Connecticut River R R ...................a81 purchased. V. 94, p. 982. Stock 81,020,000, being Increased from 8850,
000
in
Mch.
1911,
the 8170,000 new stock to be offered to stockholders
Jewett, Me., to Intervale, N . I I . 73 O th e r..........................
36
rata at 110. V . 94, p. 982. Notes payable July 1 1911. 8290,000.
10 pro
Portsmouth Electric R y ------------ 18 Trackage rights_________________
V. 94, p. 982; V. 87. p. 676. Notes payable July 1 1911, 8290,000.
Portland Jet., M e., to W orces
D IV S.— f ’95. ’96. '97-'05. ’06. ’07. '08. ’09. TO. 1911.
1912.
ter, Mass....... .............................. 148 Total operated July 1 1912.......... 2,290 Since
’94 %\ 4
3 2 y ’ly
4
5
6
6
0
7)4 1 )4 .1 )4 ,1 )4 .1 )4
2d track (3d & 4th track, 10) 589
North Cambridge to Northamp
Y
r.
end.
June
30—
Oross.
>
N
et.
Int.&
taxes.
Divs.
paid.
Bat..stir.
Controls
Maine
Cent.
S
y
s
te
m
..
1,164
ton, Mass_____________________ 96
8895
St. Johnsbury & Lake Champ. 125 1911 12....................... 8951,891 8121,848 869,953 (6% )851,000
Sundry branches................................184
69,579
(6% ) 51,000
1,923
York Harbor & Beach_______
12 1 9 1 0 -1 1 -.................. 919,921 122,502
Lines leased, a See this com pany.
—
(V.
87,
p.
676;
V
.
91,
p.
1384;
V.
93.
p.
939;
V.
94,
p.
910,
982.)
Verm ont V alley_____________
24
Boston & Lowell_______________ a4o9
B O S T O N T E R M I N A L CO.— Owns Southern Union Depot In Boston
Sullivan C ounty______________ 26
Concord & Montreal___________ a479
In 1899. V . 68, p. 40; V. 69, p. 591. Boston & A lbany, New Eng
Boston R R . Holding Co. owns 53.6% of stk., which cannot be transferred opened
land, Boston & P rov ., Old Colony and N . Y . N . II. & H artford R R . cos.
without permission of Massachusetts Legislature. V . 92, p. 117.
owns one-fifth of the 8500,000 capital stock and pay as rental In m onthly
In June 1911 purchased the W ore. Nashua & R och ., 94 miles; also In Mch. each
sums sufficient to pay all expenses, charges, Interest on bonds
1911 acquired control of Montpelier & Wells R iver, Barreand Barre Branch Installments
4 % on stock. These companies are Jointly liable for any deficiency In
railroads; total, lncl. spurs, 71 miles. V . 90, p. 625; V . 92, p. 659, 1563. and
of foreclosure. In N ov. 1911 received permission to Issue 8500,000
In April 1911 authority was given to purchase stock of Boston & Lowell, case
Concord & Montreal, Northern (N . I I .), Lowell & A ndover, Manchester & 3 )4% bonds for Improvements, Increasing amount outstanding to 814.500,
V . 93. p .5 7 0 . 1598. R eg. lnt. Q -F .: cou p. F & A .— (V . 9.3. p. 1598).
Lawrence. Connecticut R iver, Conn. & Passumpslc Rivers and Massawlppl 000.
BRINSON R V .— Owns Savannah, Ga., to W aynesboro, 98 miles (Includ
Valley; also additional Maine Central stock. V .9 2 , p. 1108.
in
g
extension
from Mill Haven to W aynesboro, 26 miles; opened S ipt. 1911.
The stockholders on O ct. 11 1911 authorized the lease of the Hampden
ST O C K .— Comm on, 81,000,000, all outstanding; pref., 7% cumulative,
R R . Corporation, under construction from Springfield, Mass., to Bondsville,
with branch to H olyoke, a total of 30 miles. V . 93, p. 1021; V . 92, p. 1242. 8500,000; outstanding, 8415,000: par, 8100. Of the bonds (81,000,000
auth. Issue), the remaining 8135,000 arc Issuable at not over 85% of the cost
ST O C K .— Stockholders voted O ct. 9 1912 to Issue 810,663,700 com m on
ot extensions and Improvements, but only when the net earnings after taxes,
stock to acquire stocks of various companies and for other purposes, to be repairs, &o., for 6 consecutive months within the last 8 months shall have
offered to stockholders at par to the extent of 25% ot their holdings, m aking
been twice the lnt. charge for a half-year, lncl. the bonds applied for. V. 91.
total stock 850,168,700. V. 95, p. 749.
p. 335. For 12 mos. ending June 30 1912, gross, 8174,283: net, 851,798;
BON DS.— As to debentures, see Issue of April 1895. In May 1912 sold taxe*,S9,000. Pres , Geo M. nrlnson. Office, .Springfield, Ga.— (V . 86,
812,000,000 one-year 4 % notes for Improvements and retirement of 85,000, p. 720. 1158; V. 88; p. 944; V 90. p. 1554. 1674: V. 91, p. 335.)
000 notes due June 15 1912. V . 94, p. 1382, 1448. Stockholders on O ct. 9
BRO W N SVILLE cs M AIAM OROS B RID GE CO.— Owns International
1912 authorized 87,500,000 bonds for equipment, Improvements and pay steel bridge over the R io Grande River between Brownsville, T e x ., and
m ent of 8511,000 W orcester Nashua & Rochester bonds due Jan. 1 1913. Matamoros, M ex., connecting the St. Louis & San Francisco and National
V . 95, p .7 4 9 .
Itys. of M exico. Incorp. In Arizona A ug. 25 1909. Stock, 8250,000. all
Boston & Maine guarantees 81,328,000 first 5s of S t. Johnsbury & Lake owned by National R ys. of Mexico. Bonds (8300.000 outstanding) are
Champlain. Also Interest on 8274.000 Manchester & Lawrence 4s. Jointly Jointly guaranteed by the National R ys. of Mexico and St. Louis Browns
with Maine Central guarantees 8300,000 Portland Station (now Portland ville & Mexico R y. See table above and National R ys. report, V . 93, P.
Terminal) bonds and will also guarantee Jointly a new Issue ot bonds limited
1475; V . 94. p. 277. — (V . 94. p. 277.)
to 810,000,000. V . 93, p . 940. 1323.
B U F F A L O C R E E K R R . — O w ns6 miles of terminal road In B u ffa lo , N . Y .
D IV S .—
/ ’93. ’94-’98. ’99. ’00-'07. ’08. ’09. ’ 10. ’ l l . ----- 1912----I n Deo. 1889 leased for term of charter less one day to the Lehigh V alloy and
C om m on----------1 8
6 yly. 6)4 7 yly . 6 )1 6
6
5
1, 1, 1, 1
the Erie R R ., which together own entire capital stock of 8250,000. R e n ta l
E A R N IN G S .— 2 m os., J1 9 1 2 ......... Gross, 88,845,668; net, 82,784,859
Is lnt. on bonds and 7 :;, on stock. Of the 1st. ref. bonds 81.00Q.000 are
July 1 to A u g. 31. \ 1 9 1 1 ..........Gross, 8,047,980; net. 2,280,732
Issuable to retire the old 5s. V . 92, p. 259, 593; V . 93, p. 43.— ( V . 93.P-43.)
OOT., 1912.J
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes onfirst page]
Bost & Me (Con)— Bonds (not mtge) $7,500,000 auth
Portsm Gt Falls & Con 1st M assumj........ ...........
Worcester NashuaARochl
first mortgage equally[($511,000 due In 1013).
sccured - .........................J
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
1912
See text
73 1877 $500 &c $1,000,000
444
1,000
(47 1905
150,000
4 g
1,000
47 1890-3
1.246,000
4
1,000
147 1894
380,000
4
___ 1912 1,000 &c 12,000.000
4
100 4,000.000
68 ____
10
___ ’88-’93
1,000 2,170,000
4
See text
___ ____
100 27,293,900
4
___ ____
100 See text. 6 In 1912
1,000
850,000
13.20 1897
4 44 g
___ 1897 1,000 &c 14,500,000
3«
1,000
865,000
5 g
- - - 1910
When
Payable
19
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J & D June 1 1937
New York and Boston
.1 & J Jan 1 1935
Amer Trust Co, Boston
J & J Jan 1913 & 1930
do
do
A & O Oct 1 1934
do
do
J & D10 June 10 1913
do
do
Q— J Oct 1 1912 214 Boston Term, Room 424
J & J July 1 1918
do
do
One year notes---------- ------------------------------------Boston & Providence— Stock 10% guar 99 yrs Old Col
Bonds, to be secured by new mortgage-------------- o*
Bonds $8,000,000 authorized to be guaranteed___
Boston RR Holding Co— Pref stk 4% cum red 110--gu
J & J10 JulylO 1912 2%
Boston kevere Beach & Lynn—Stock---------------------Q—J Oct 1 ’ 12 114%
1st M (V 65, p 68; V 83, p 379) $1,000,000 g.SBc*&r
J & J Oct. 15 1927
Boston Terminal Co— First mortgage curr------OB.c&r
Text Feb 1 1947
Brinson k y — 1st M, $1,000,000 gold-------------------Fo*
M & N May 1 1935
Brownsville & Matamoros Bridge Co— 1st M gold guar
•
1,000
300,000
Jointly $333,000 auth...... ................... ............... SSt
1910
5g
J & J Jan 1 1930
Buffalo Cr— Con (now 1st) M $1,000,000 g Int as rente*
1,000
1,000.000
5 g J & J Jan 1 1941
6 1891
1,000
1st ref M $5,000,000 gold red 105 beg July’ 12.Usm
1,000,000
. . . 1910
5 g
J & J Jan 1 1961
Buffalo New York & Fric—Sec Erie Railroad
100 10.500,000 See text F A A Aug 15 1912 3
Buffalo kochester & Pittsburgh— Common stock ..Tr
_
____
Pref stock non-cum common 6% then pro rata._Tr
100 6,000,000 6 in 1912 F A A Aug 15 1912 S
1,000
F A A Feb 1 1921
R & P 1st M gold Rochester to Salamanca..LJn.c
1,300,000
109 1881
6 g
1,000 3,920,000
Rochester A Pittsburgh con M g ____________ Un.c
239 1882
6 g J A D Deo 1 1922
B R & P first gen mtge ($10,000,000) g o Id ...U n ,c
1,000 4,427,000
M A S Sept 1 1937
272 1887
5g
Lino P A Chari 1st M gold guar____________ Un.c
1,000
10 1889
350,000
5 g J A .1 Jan 1 1939
B R & P consol mtge $35,000,000 gold__Ce.x.o*&r
352 1907 1,000 Ac 6.689,000
4 14 B M A N May 1 1957
1,000
Equipment bonds $500,000 gold s f Ser A ___ Q.c*
1899
500,000
414 B M A N May 1 1919
1,000
do
do
B AC ($995,000 Ser B) each gold s f .G
1900-1
1,995,000
414 g M A N May 1 1920-21
1,000
1902
do
do
D $2,000,000 gold red 105 sink fund,
961,000
414 K M A N Nov 1 1919
1,000
do
do
E $2,000,000 gold red 105 sink fund,
1904
1.389,000
414 K M A N May 1 1922
do
do
F $3,000,000 gold red sinking fund..
1,000
1907
2,130,000
414 g A A <) Apr 1 1927
do
do
G $3,000,000 gold sinking fu n d
(1
1,000
1909
4 g A A O Oct 11929
1,886,000
___ ____
50 4,656,900
Buffalo & Susquehanna RR— Common stock guar 4%
J A J Jan 1 1910 2%
4
____
50 4,000,000
Preferred stock non-cum guaranteed 4 % ---------CK
4
Q—M Mch 1 1910 1%
First refunding mortgage gold (see text). .Alp.c*&r
250 1901 1,000 &c 9,510,000
4 g J A J Apri 1 1951
___ 1912
Buff & Susq Ry— Recelv certs $750,000 auth red par.
A J Dec 1 1912
./
500,000
5
First mortgage $6,000,000 g o ld ..................Us.c*&r
1903 1,000 &c 6.000,000
414 g M A N Apr 1 1953
___ 1906
1,000
Equipment trust bonds $43,000 due seml-an.Usm.c
J
A J Jan ’ 13-JuIy *16
344,000
5
do
do
Ser B (V 85. p 39) $27,000 s-a. U-sm
1,000
1907
A A O Apr ’ 13-Apr ’ 17
243,000
5
___ 1907
1,000
• do
do
Ser C (V 85, p 283) $45,000 s-a.PcP
F A A Feb ’ 13-Aug’ 17
450,000
5
. do
do
Ser D $15,000 semi-annually______
1.000
F A A Feb ’ 13-A u g’ 17
. . . 1907
150.000
5
BUFFALO ROCHESTER & PITTSBURGH RAILW AY.— (See Map.)—
Operates from Buffalo and Roch.. N. Y., to bituminous coal regions.
Trackage (Concluded)—
Miles.
'L in e s o w n ed i n f e e —
M ile s .
Willow Grove to Pittsburgh. Pa. 7
Buffalo Creek, N. Y „ to Mt.
Jewett, Pa_________ _____ ____ ; 98 Penn. R R .— Penn. R R . Jet. to
Shuman Run Y, Pa..................... 19
Clarion Jet. to Lindsey, Pa...........59
5
Rochester to Ashford, N. Y .........94 Other___________
Charlotte, N. Y ., to Lincoln Park 10
Leased—Stocknot owned—
Indiana Branch_________________ 68 Allegheny A Western— a
Punxsutawney to Butler, Pa.,
Five branchesj.......................
27
&c...................................................CO
T ra cka ge—
Erie— Mt. Jewett to Clarion Jot. 21 Clearfield A Mahoning— a
Clearfield to Beech Creek R R .. 26
Baltimore & Ohio—
Butler, Pa., to Newcastle_____41 Mahoning Valley R R __________ 2
Rlbold Jet. to Allegheny C ity .. 33
Total Sept. 30 1912 (a See separate statement for this company)____ 570
ORGANIZATION, ETC.— Successor In March 1887 to the Rochester A
Pittsburgh, which was foreclosed In Oot. 1885, per plan In V. 41, p. 516.
The entire capital stock ($4,000,000) of the Rochester & Pittsburgh Coal
A Iron Co. was owned (V. 66, p. 1088) and through that company In May
1896 control was acquired of the Jefferson A Clearfield Coal A Iron Co. (see
that co. under "Industrials” ) with $3,000,000 stock. In 1906 the stock of
the Roch. & Pitts. C. A I. Co. was transferred (subject to the lien of the gen
eral mtge.) to the Mahoning Investment Co., having $4,200,000 authorized
stock,In $100 shares. In consideration of $4,125,000 stock, the latter being
distributed Dec. 1906 pro rata In proportion of 25% among the holders of
Ry. common and pref. stocks. V. 83, p. 1468; V. 85, p. 414, 415; report,
V. 93, p. 729. For bonds of these coal companies see mlscel. cos. Clear
field A Mahoning securities are guaranteed.
DIVIDENDS.— / ’01. '02. ’0 3 .’ 04-’06. ’07. '08. ’09. ’ 10. 1911. 1912.
Common .............4
4 5M 6 y ’ly 5M 4H 4
4
5 2«. 3
The Mahoning Investment Co. in Aug. 1907 and Mch. 1908 also paid 2%
dlv. on Its stock; Aug. 1908, 2% ; Mch. 1 1912, 1 H % ; Sept. 1 >4%. V. 88.
p. 685; V. 94, p. 419 Compare “ Organization" above. V. 85, p. 283.
BONDS.— General 5s for $5,573,000 are reserved for prior bonds, &o.
The $35,000,000 50-year consols arc to bear not over 444% lnt., $3,000,
000 were Issuable at once, $18,145,000 to retire underlying obligations at
or before maturity and the remaining $13,855,000 to be reserved for future
requirements at not over $1,500,000 yearly, or such larger amount In any
year as stockholders may authorize. V. 84. p. 867, 1306; V. 85, p. 39, 414;
V. 86, p. 336; V. 87, p. 1009; V. 90, p. 371, 558; V. 91, p. 400, 588. In
Aug. 1912 $6,189,000 were outstanding and authority was given to Issue
$1,187,080 additional for extensions, betterments and Improvements, of
which $500,000 were sold. V. 95, p. 361, 749.
E q u i p m e n t B o n d s . — A sinking fund of 5% will retire series A, B & C
equipment bonds annually on May 1, If purchasable at or below par; other
wise to be applied to the purchase of additional equipment. V. 68, p. 1131:
V .71, p.501; V .73, p.348. Series D and E have an annual sinking fund of
6% for purchase of bonds Sept. 1 and May 1, respectively, at 105 and lnt.; If
not purchasable, bonds may be drawn by lot. Series D&E may also be called
as an entirety at 105. Scries F may be purchased by sinking fund at not
over par or drawn by lot at par and may also be drawn at 102 and lnt. on
any Int. day. V. 84, p. 1365; V. 85, p. 283, 414, 863. Series G have an an
nual 6% sinking fund to retire bonds at par and lnt.; If not purchasable,
bonds to be drawn by lot. In Jan. 1912 $1,000,000 were sold and on
Sept. 13 1912 $24,000 additional, Increasing Series (1 bonds out to $1,886,
000. \\89. p. 408; V. 91, p. 400; V. 93, p. 1785, 939; V. 94, p. 122.
EARNINGS.— 2 months to Aug. 31:
2 M o s . —■
G ross.
N e t.
O th er I n c .
C h a rg es.
B a l.,S u r .
1 9 1 2 ________ $1,940,654
$628,102
$121,683
$353,587
$396,198
19 1 1 ________ 1,689,011
557.292
99,207
346,150 310,349
ANNUAI, REPORT.— Fiscal year ends June 30. The annual meeting
Is held at New York on the third Monday In November. The report for
1911-12 was given at length In V. 95, P' 357, 305. In 1911-12 carried
7,188,280 tons of bituminous coal (out of 10,698,149 total tons of freight
moved), against 6,950,707 In 1910-11.
Y e a r e n d i n g . J u n e 30—
1911-12.
1010-11 1909-10.
Operating revenue_________________ $9,542,368 $9,134,402 $8,930,117
Operating expenses and taxes______ 6,068,221 6,359,845 -6,094,355
$2,774,557
Operating Income-...........................$2,874,147
$3,615,075
Net (Including other Income)_______ $3,653,725
674,517
674,186
Rentals___
____________
1,231,612
1,208,314
Interest on bonds, &c_____________
10,069
4,564
Miscellaneous.........................................
125.000
125.000
New equipment.....................................
246,500
mcnt
bonds
retired..................
250.000
»
360.000
>nd on preferred stock (6%) —
360.000
Dividend on common stock ............... (5)525,000 (4 44)472,500
$2,841,762
$3,394,143
677,081
1.189,689
12,696
125.000
190.000
360.000
(4)420,000
$506,330
$495,208
$419,677
Balance, su rp lu s............... - ..........
OFFICERS'.— Pres., Wm. T. Noonan; V.-P., Adrian Iselln Jr. and
W. Emlcn Roosevelt, N. Y.; Treas., J. F. Dinkey, Rochester; Sec. and
Asst. Treas., Ernest Iselln, N. Y .
_ ,
„
Directors— Henry G. Barbey, A. Iselln Jr., Wm. E. Iselln, Walter G.
Oakman, C. O’ D. Iselln, W. T. Noonan, George Emlen Roosevelt, W. Eralen Roosevelt, Ernest Iselln, Oscar Grlsch, Samuel Woolvcrton, Hamilton
F. Kean. N. Y. office, 36 Wall Street.— (V. 95, p. 817.)
BUFFALO & SUSQUEHANNA RR.— Company owns from Sagamore,
Pa., to Wcllsvllle. N. Y., with several branch lines, Including 15 miles
trackage. Total mileage, 265. In 1907 leased to Buff. A Susq. Railway
(which owns the entire common stock) for lnt. on bonds and dlvs. of 4% on
capital stock; but rental Is In default. On July 23 1910 II. I. Miller, who In
May 1910 was appointed receiver of the railway, was also named as receiver
of the railroad company. V. 85, p. 1266; V. 90. p. 1238. Bondholders’
statement as to status in 1912, V. 93, p. 1598: V. 94, p. 67.
Bonds.— The 4s arc secured by a first refunding mtge. on the entire prop
Old ColonyTr Co,Boston
Office, or checks mailed
State St Trust Co. Boston
State National Bk. Bost
Farm Loan A Tr Co,N Y
St Louis Union Trust Co
A Tr Co. N Y
U S Mort
N ew York
36 Wall St. New York
do
do
do
do
do
do
do
do
do
do
do
do
■
July ’ 10 pay’t In default
July 1910 coup not
Wm Salomon A Co,
May 1910 coup not
Harris,Forbes 'A Co,
paid
N Y
paid
N Y
C olum b-K nlck Tr Co. NY
Penn Co for Insur, &e.
erty, and are further secured by deposits of mortgages aggregating $2,778,
516 on coal lands of the coal companies named below. T. 73, p. 619, 899;
V. 84, p. 748. Coupons July 1910 and since unpaid.
Committee fo r First Refunding 4s.— Alvin W . Krech, Chairman; Lyman
Rhoades, 15 Nassau St., Sec.; Equitable Trust Co.. &c., depositaries.
In Jan. 1911 over 80% of the bonds had been deposited. V. 90. p. 1238.
1489; V. 91, p. 37; V. 92, p. 117; see report, V. 93. p. 1596.
P ref. Stock Committee.—J. N. Wallace, Chairman; Hugh Rankin. Soo.. 46
Cedar St.; Central Tr. Co., N. Y ., depos. V. 90, p. 1361; V. 91. p. 214.
BUFFALO A SUSQUEHANNA COAL A COKE CO.— This company,
the stock and first mortgage bonds of which are owned by the B. & S. R R .,
and the bonds, as stated above, deposited as collateral to the railroad 4s,
owns coal lands at DuBoIs, Troutvllle, Onondaga and Sagamore. Pa. Six
mines In operation. V. 77, p. 1301; V. 79, p. 2091-92: V. 82, p. 1322;
V. 85. p. 1266. 2d M. bonds, S2,200.000 and $200,000 held by public
For year ending June 30 1912, gross, Coal A Coke Co.. $1,537,793, agst.
$1,589,230 In 1910-11; net, after taxes, $136,091, agst. $252,551; other lnc„
$40,243; lnt., sink, fund and deprcc., $281,626; bal., dcf., $105,292.
POWHATAN COAL A COKE CO.— This company, all of whose bonds
and stock are owned by the H. & S. R R ., owns coal lands at Tyler and at
Sykes. Its coking plants, with capacity of 800 tons of coke daily, are
shipping to Buffalo for use of Rogers-Brown Iron Co.
E A R N IN G S.— 2 m o s ., (1912__________ Gross, $288,025; met. $74,803
July 1 to Aug. 31. 11911--------------- Gross,
302,374; net, 70,120
EARNINGS.— For year ending June 30 1912, gross, R R ., $1,717,
512; net, after taxes, $284,202; other Inc., $27,061; hire of equipment and
rents, $161,428: Int. on receiver’s ctTs., $1,275: bal., sur., $148,560.
V . 92, p. 1558, 1635.— (V. 93, p. 1595, 1598; V .9 4 , p .67; V .9 5 , p.361.)
BUFFALO & SUSQUEHANNA RY.— Company owns’ from Wellsvllle,
N. Y ., to Buffalo, 86 miles, and In 1907 leased and acquired the entire
common stock of the Buffalo & Susquehanna R R ., extending from Wells
vllle, N. Y., to Sagamore, Pa., about 60 miles north of Pittsburgh, with
branches, 265 miles. Total mileage owned and leased, 356. The lease la
no longer operative, both properties being In receivers’ hands.
The plants of the Buff. & SuSti. Coal A Coke Co. and of the Powhatam
Coal ACoke Co. (V. 75, p. 922; V. 79. p. 2061, 2091-92) are located on the
lines of the B. & S. R R . The Buff. <5c Susq. Iron Co., merged In RogersBrown Iron Co. April 1 1910, which owned 2 blast furnaces at Buffalo,
acquired Its entire supply of coal and coke from the plants #f the Powhatan
Coal & Coke Co. See V. 75, p. 922: V. 79, p. 2061, 2092.
Receivership.— On May 2 1910 Harry I. Miller was appointed receiver,
Interest on first 4 44s being In default. Foreclosure pending. V. 90, p.1238.
- On June 1 1912 receiver’s certfs. were authorized, ranking ahead of 1st
4 44s, Issue limited to $750,000, of which $500,000 5s Issued, which will ma
ture Dec. 1 1912. V. 93. p. 104; V. 92, p. 1558.
Committee fo r First 4 44s.— William Salomon, Chairman- Geo. Q. Henry,
25 Broad St., Sec.; Bankers Trust Co., depos. V. 90, p. 1238; V.91, p.1765.
STOCK.— Authorized. $10,000,000; Issued, $10,000,000; par, $100.
BONDS.— The first 50-year gold 4 44s (authorized issue $6,000,000, all
outstanding) are secured by a first lien on the terminal property at Buffalo
(part of which terminal property was sold after the creation of the mortgage)
and the 86 miles of railroad In New York State; also by deposit with the
trustee of all the $4,656,900 common stock of the Buff. A Susq. R R . Co.
V. 74. p. 1040. See V. 76. p. 593; V. 79. p. 2695.
E A R N IN G S .— 2 m o s .,/1912______Gross, $113,079; op. def., $11,929
July 1 to Aug. 31. 11911______Gross. 112,742; op. def.,
8,184
Receiver’s report for year ending June 30 1912 in V. 95, p. 746, showed
(1) Gross earnings, $595,572; op. def., after taxes, $146,819; other income,
$345,783; rents, $32,104; lnt. on receiver’s certs., $25,000: bal.. sur.,
$141,860; (2) combined gross, both cos.. $2,294,512, against $2,374,320 in
1910-11; gross Income. $361,194, against $459,986; rents, $44,500, int
receiver’s certs,, $26,275; bal., sur., $290,419.
OFFICERS.— Pres., E. R. Darlow; Sec. and Treas., F. A. Lehr. Office.
962 Elllcott Square, Buffalo, N. Y .— (V. 93. p. 524: V. 95. p . 746.)
-"BURLINGTON.” —See CHICAGO BURLINGTON A QUINCY R R .
CAIRO & NORFOLK RR.— See page 141.
CAIRO & THEBES RR.— Owns Cairo, 111., to the bridge across the
Mississippi River at Thebes, 111., 25 miles. Leased to St. Louis Iron Mtn.
&Southern Ry. for 99 years from Mch. 1 1911, rental covering Interest on
$2,000,000 4% bonds, which Is paid direct to bondholders. Columbia Trust
Co. of Louisville, Ky.. trustee. Stock, $10,000; par. $100. Pres., E. A.
Smith, Cairo, 111.— (V. 92, p. 525.)
CALGARY & EDMONTON RY.— Owns Calgary Jet., Canada, to Strathcona, Canada, 190.6 miles, and to Fort McLeod, Canada, 107 miles; Wetasklwln to Hardlsty, 100.3 m.; Lacombe to Coronation, 106.7 m.; total.
504.8 miles. The stockholders on Jan. 16 1912 authorized bonds for exten
sion of Lacombe branch, 125 miles; from the eastern end of 100-mlle section
and “ bridge bonds” on branch line from Strathcona to Edmonton. V. 93,
p. 1785: V. 94, p. 910.
In 1903 re-leased to Canadian Pacific (which owns entire $1,000,000 stook
and $5,900,000 1st M. 4% bonds) for 99 years, the 6% bonds (£1.121,700)
being exchanged for an equal amount of debenture stock, on which Interest
is guaranteed at 4 % . At end of lease the bonds will be paid at par or a fur
ther lease entered into. V. 76. p. 434; V. 77. p. 1224; V. 80. p. 116.—
(V. 93, p. 1785; V. 94. p. 910.)
CALIFORNIA-WESTERN RR. & NAVIGATION CO.— Owns Ft. Bragg.
Cal., to Wllllts, 50.66 in., the extension Shake City to Willlts, 12 m., being
opened Dec. 20 1911. Stock auth., $1,000,000; par, $100. Dividends
paid year 1909, 2 44%; 1910,7 44%: 1911,10% . Mortgage covers also termi
nals and rallroaf wharf. Bonds are guar., p. & 1., by Union Lumber Co
and redeemable at par on any Int. day since July 1 1910. Sinking fund
$5,000 yearly beginning 1911. V. 90. p. 625. Year ending Dec. 31 1911,
R R . gross, $187,201; net, $80,177; other Inc., $68,851; bond lnt., $20,497
other chages., $5,269; dlvs.. $100,000; bal., $23,262.— (T . 90. p. 625.)
20
RAILROAD COMPANIES
[For abbreviations, &c., see notes onfirst page]
Miles Date Par
Amount
Rate
Road Bonds Value Outstanding %
Bullfrog-Goldfield RR— See Tonopah & Tidewater Co
Burlington Cedar Rapids & Northern—See Chicago R ock Isl and A Paclflo R y.
ulnoy.
Burlington & Missouri Valley— See Chicago Burlingto
$1,500,000
1908 $, £ Ac
Cairo & Norfolk RR— 1st M red 105 s f
1,688,000
1,000
23 1911
Cairo & Thebes RR— First mortgage
Bed’s Gap consol M sink fund not drawn.__GuP.oClearfield & Jefferson first m ortgage..............GuP.o*
39
103
30
46
76
392
30
30
396
Pennsylvania & N W gen M $2,500,000------GuP.o*
Cambria A Clearfield general mortgage gold_______
Camden & Burlington County— Stock 6% guaranteed
First M g gu p & 1 by On N J R R & Can Co.-GP.o*
Canada Atlantic— Consol (now 1st) mtge g gu p & 1 ..
Pemb South 1st M guar (V 82, p 451, 1101)_______
457
Canada Southern— Stock----------------------------------------404
First mtge extended In 1908 (Canadian money)____
404
Second mtge for $6,000,000 (Can money)------- oAr
Consol mtge $40,000,000 auth___________________
16
Leamington A St Clair 1st M g gu p A 1 (end)— o*
Canadian Nor—
„„
„
177
Canadian Northern Division $8,000 per mllel Guar108
Manltoba A S E (assumed $8,000 per m ile), anteed
27
Gilbert Plains Branch $8,000 per m ile-----by
287
' Ontario Dlv 1st M deb £36,200 are 4 « s ------ Man.
1st con deb M(Man lines) $10,000 p m o&r.-J Govt.
Manitoba Provincial bonds $8,000 per mile...............
Perpetual consol debenture stock (V 81, p 1609) . .
First M deb stk $13,000 p m guar by Canadian Govt
1st M stock $13,000 p m guar by Canadian G o v t..
First mtge deben stock guaranteed by Saskatchewan
do
do
guaranteed by Alberta-------do
do
guaranteed by Manitoba—
Winnipeg Terminals mtge gold guar by Manltoba.o*
Income-charge convertible deb stock redeem te x t..
249
Long Lake A Sask 1st M £1,050.000 guar..
Su’Ap
uebec A Lake St John deb stock g u a r ... — - — 286 H
Can Nor Alberta R y 1st M deb stk guar by Can Govt
160
Canadian North Western 1st mtge g gu p & 1
Montreal Terminal bonds (V 94 P 349)--------
1910
1891
1883
1886
1890
1905
1,000
1,000
1878
1883
500 &c
1,000
1,000
25
1,000
£100,£200
500
100
1,000
1,000 &c
1895
1,000
1897
1905
1906
1899
1899
1900
1901
1904
1903
1908
1909
1909
1Q11
1909
1906
1911
1911
1912
5
4
When Last Dividend
Payable and Maturity
M & N May 1 1928
M & S Mch 11961
6g J
468,000
1,279,000
5g J
A
6
145,000
J
6
1,000,000
J
5
1,021.000
F
4g
1,255,000
J
6
381.925
F
4g
350,000
4 g J
16,000,092
M
4
150,000
15,000,000 See text F
6g J
14,000.000
M
5
6,000.000
See text See text
4 g A
130,000
A
&
A
A
&
A
A
A
A
A
A
&
A
A
J Jan 1 1915
J Jan 1 1941
Apr 2 1913
J Jan 1 1927
J Jan 1 1930
A Feb 1 1955
J July 1912 3%
A Feb 1 1927
J Jan 1 1955
S Sept 1 1956
A Aug 1 1912 1H
J Jan 1 1913
S Mch 1 1913
50 years
o Oct 1 1945
o
F A A Feb 1 1929
4
f
£100 1 See
F A A Feb 1 1929
4
£100 \ text. I
M A N Nov 1 1930
4
l
£100 J
£100 £1,180,600 4 A 4M g J A D30 June 30 1930
J A D30 June 30 1930
4
£100 £2,497,800
Oct 1 1930
$349,000
4
$500
J A D30 Irredeemable
4
£100 £8,391,106
M 31-S30 July 10 1953
£1,923,287
3
£1,622,586
3H J 20-J 20 July 20 1958
4
,T A D 1939
£1,625,000
J A D 1939
£1,122,945
4
i\7\ 4
4 g J & j July 1 1939
£7471945
$ &£
£5,144,030 Up to 5 M A N 2 May 6 1930
4 g .1 A J July 1 1936
£1,037,972
J A J Perpetual
4
See text
20 May 4 1960
647,260
3M JM20-J
& N May 1 1941
4g
$100 4,000,000
See text
(THE) CAMBRIA & CLEARFIELD RY.— Cresson Jet. to near Glen
Campbell Branch Jot., 50 m.; Bellwood to Fordham, 65 m.; Cresson to
Irvona, 27 m .; Kaylor to Black Lick. 37 m.: Vail to Gramplon, 49 m.;
Bradley Jet. to Cherry Tree, 18 m.; branches, 153 m.; total, 399 m. A
consolidation Aug. 1 1903. V. 78, p. 828. Stock, $4,833,850, all of which
Is owned by Penn. R R . Co., which operates road under lease. A full ab
stract of mtge. securing 5s of 1891 was in V. 52, p. 976. Of the bonds,
$501,000 first 5s were on Jan. 1 1912 owned by the Penn. R R . For year
1911, gross, $2,782,405; net, $276,677; other Income, $32,669; Int., taxes,
Ac., $349,541; Imp’ts, $59,446; bal., def., $99,641.— (V. 77. p. 298.)
CAMDEN & BURLINGTON COUNTY RR.— Owns from Pavonia, N. J.»
to Pemberton, N. J., 23.35 miles; branch, Burlington, N. J., to Mount
Holly, 7.12 m.; connection with P. A L. B. R R . at Birmingham, N. J.,
0.39 m.; total. 29.86 m. Operated under lease by Penn. R R ., which guar
antees 6% on stock. Stock, $381,925; par, $25. In 1911. gross, $376 116
oper. def.. $25,475; loss to lessee under rental, $62,890.— (V. 64, p. 373.)
CANADA ATLANTIC RY.— Owns Depot Harbor, Ont., on Georgian
Bay. via Ottawa, to Alburg Jet., 399.57 m.; trackage to Swanton, Vt.,
&o , 6.66 m.; leases for 99 years Central Counties R y., Glen Robertson to
Hawkesbury, 22.24 m., and South Indian to Rockland, 16.25 m.; owns
greater part of stock of Pembroke Southern R y. branch from Pembroke to
Golden Lake, 21.36 m. (V. 82, p. 451, 1101); total, 466.08 m. The Grand
Trunk acquired the road and took it over Oct. 1 1905. V . 81, p. 1174.
Canada Atlantic Transit Co., $1,000,000 stock, operates steamers, Depot
Harbor to Duluth, Milwaukee and Chicago. V. 69, p.954; V. 70, p.279.
The 50-year 4s of 1905 (authorized Issue, $16,000,000; Royal Trust Co.,
Montreal, trustee) are guar., prin. & lnt., by Grand Trunk. V. 79, p. 967,
1131, 1641, 2454; V. 80, p. 1058, 1727, 2343; V. 87, p. 1477.
STOCK.— $6,199,100 common and $1,000,000 preferred, all Issued.
R E P O R T . — In 1910-11, gross, $1,962,765: net, $172,506; other Income,
$55,961; Interest on bonds, $626,744; bal., def., $398,276.— V. 90, p. 1169.
CANADA MICHIGAN & CHICAGO.— Bonds worthless.— (V. 63. p. 838.)
CANADA SOUTHERN RY.— (See Maps N. Y. Cent. & Hud. Riv. HR.)—
ROAD.— Main line from Suspension Bridge station, Including the Cantilever
Bridge to Windsor. Ont., 226 m.; branches to Courtright, Ont., &o., 231 m.;
total. 457 m.; of which 85 miles are nominally owned by proprietary com
panies. Trackage, St. Thomas to London, Ont., 15 m. Double track, 152 m.
Detroit River Tunnel, completed In 1910, see Michigan Central R R .
ORGANIZATION, ETC.— The company was chartered In Canada
Feb. 28 1868 and debt readjusted In 1878. In 1903 made a new lease to
Mich. Cent, for 999 years, the latter, which owns $7,810,000 stock, guaran
teeing dlvs. thereon at 2
yearly to Jan. 1 1910, thereafter 3% ; also au
thorizing a mtge. to retire existing bonds and pay for Improvements. V. 76,
p. 1191, 1247; V. 77, p. 950; V. 84, p. 803. The $14,000,000 1st 5s maturing
Jan. 1 1908 were extended 5 years; 6% lnt. payable in gold by the Mich.
Cent. R R . V. 85, p. 1401, 1645; V. 86, p. 1041. The stockholders of the
Mich. Cent, in May 1912 authorized the guaranty, prin. and lnt., of $40,
000 000 50-year bonds, Interest not to exceed 5% , of which $22,500,000 to
refund the $14,000,000 6s and $6,000,000 5s maturing Jan. I and Mch. 1
1013 resnectivelv. and to cover the cost of improvements made and to be
made. V. 94, p. 982, 1249, 1316, 1565.— (V. 94, p. 1316, 1565.)
CANADIAN NORTHERN RY.— (See Map.)— Operates from Port Ar
thur Ont., on Lake Superior, to Winnipeg, and under construction through
Northwestern Canada to Paclflo Coast. Present mileage:
Port Arthur to Paddington. - M.435 Neepawa Jet. to Carberry J et--57.23
Twin City Jet. to North L ake.. 73 Regina to Prince Albert________ 250
Emerson Jet. to South Jet------- 73 Fort Rouge to Edmonton______ 825
28
Winnipeg Term. A Transfer—
20 Dalmeny to Laird____________
Carman Jet. to VIrden-------------- 210 North Battleford to end of steel- 40
Greenway to Adelpha................. 52 Edmonton Jet. to Morlnvllle__ 21
8
St. James to Gypsumvllle------- 158 Battleford to Battleford Jet-----Delta Jet. to Delta..................... 15 Edmonton to Stony Plains_____ 21
7
Oakland to Totogan................... 17 Stratlicona to Edmonton______
29
Paddington to Bird’s Hill--------9 Prince Albert to Shellbrook___
Rossburn Jet. to McCreary Jet- - 33 Arizona Jet. to C. N. Junction. . 299
Oche River to end of track------ 15 Luxton to Blenfalt..................... 16
Thunder Hill Jet. to Pelly......... 36 Morris and Brandon Jet. to
Hartney Jet___________
38
Hudson Jet. to Le Pas------------ 88
Portage Jet. to Inter. Boundary 63 Brandon Jet. to Rosslyn Jet__ 37
Morris to Somerset___________
62 Hallboro to Beulah..................... 75
North Jet. to Prince Albert____361 Sifton Jet. to Wlnncpcgosls____ 21
Rossburn Jet. to Calder-------------145 Saskatoon to Kindersley______126
Total June 30 1911 (Including about 710 miles leased).................3,731
For proposed line Montreal to Port Arthur, and obligations thereon,
sec Canadian Northern Ontario R y. below.
During 1911-12 added 566 miles of newroad to thesystem. V .93 ,p .1531.
Extensions from Russell, Man., to Calder, 41 miles; Prince Albert, Sask.,
to Shellbrook, 28 m., and Ochre River, Man., to St. Rose, 11 m., were
opened Nov. 1910. There were under construction Deo. 1910 76 miles In
Manitoba, 283 In Saskatchewan and 221 in Alberta.
•In July 1912 there were 1,053 miles under construction, viz.: Montreal
to Hawkesbury, 58; Ottawa to the Ottawa River. 32; west from Ruel, Ont.,
100; cast from Port Arthur, 108; branch lines and extensions in Alberta and
Saskatchewan, 400; British Columbia, 75; Sydenham, Ont., to Ottawa, 80;
re-laying track on main lino west, 200. The extension Into Vancouver,
about 700 miles, completing the through lino from Montreal and Quebec
to Vancouver, will not be completed for several years. V. 9o, p. 235, 1039.
As to proposed extension through British Columbia, see separate state
ment “ Canadian Northern Paclflo R y.” on next page.
In 1911 the Government awarded the contract for the first section of the
Hudson Bay R y. from The Pas to Split Lake Jet., 253 miles, and In 1912 for
the remainder of the line to Port Nelson or toFortChurchlllonHudsonBay
(about 165 or 245 miles, respectively). The Canadian Northern, It Is
understood, will operate the road. V. 93, p. 526.
As to Bay of Qulnte R y ./s e o V. 93, p.L668;jV. 94, p. 205, 629. } •
[VOL. LXXXXV,
RAILWAY STOCKS AND BONDS.
Dividends are Payable
Chic, London, Paris, Ac
See text
Anglo-Cal Tr Co, San Ft*
Broad St Station, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
Mont, N Y A London
Royal Tr Co, Montreal
Grand Cent Station, N Y
Union Trust Co, N Y
do
do
Agts Bk of Montreal, N Y
Can Bk of Com,NY;ALon
London and Toronto
London, Toronto A N Y
Can Bank of Comm, Tor
London, England
do
London and Toronto
London
do
London, Toronto & N Y
2>$% paid N ov.2 1912
Can Bank of Comm. Lon
London and Toronto
Tor, Lon, Brussels, &o
The Canadian Northern Steamships, Ltd., incorporated In Oct. 1909,
to operate on the Atlantic Ocean between Quebec and Montreal and
Bristol, Eng. V. 90. p. 697; V. 91. p. 1322; V. 93, p. 1383.
ORGANIZATION.— The Manitoba lines of the Northern Paclflo R y..
351 miles, are sublet from the Provincial Govt, for 999 years from May 30
1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years,
then $275,000 for 10 years, and thereafter $300,000, with option of purchase
for $7,000,000. Manitoba Govt, has option to purchase entire property In
1929. V. 72, p. 437; V. 73, p. 615. Canadian Northern R y. System
Terminals Incorporated Sept. 1907 with $2,000,000 stock. V. 85, p. 863;
V. 94, p. 1695.
ALLIED COMPANIES.— The allied Canadian Northern Ontario and the
Canadian Northern Quebec railways will afford access to Toronto, Ottawa.
Montreal, Quebec, Ao..and the Canadian Northern Pao. to the Paclflo Coast.
As to Quebec & Lake St. John, see that company.
In 1910 the Duluth Winnipeg & Pacific Ry. was organized by Can. Nor.
Interests to control the Duluth Rainy Lake A Winnipeg and to construct
an extension from Virginia, Minn., to Duluth, about 75 m., Ac. V. 87,
p. 1604: V. 88, p. 563, 821; V. 91, p. 1322. The Canadian Northern
will guarantee, prin. and lnt., the $10,500,000 1st M. 4s, of whloh $6,148,333
has been Issued. See said company. V. 89, p. 1279; V. 90, p. 1424.
The Qu’Appelle Long Lake A Saskatchewan R R . A S. B. Co. 4% deben
ture stock has prin. and int. guaranteed by the Canadian Northern Ry. Co.
The property Is leased. V. 83, p. 214, 324, 688, 1036.
In 1911 organized the Canadian Northern Branch Lines Co., to build
branch lines. See V. 91, p. 1511; V. 92, p. 321.
CAPITAL STOCK.— Stock auth., $70,000,000; outstanding June 30
1912, $70,000,000; par, $100. None yet put on the market.
DEBENTURE STOCK.— The £2,497,800 4% first mtge. consolidated
debenture bonds, prin. and Int. guaranteed by Govt, of Manitoba, dated
June 30 1904, are secured by first mtge. to National Trust Co., Ltd., T o
ronto, Ontario (not exceeding $10,000 per mile), covering certain lines in
the Province of Manitoba amounting to about 1,185 miles, a proportion of
the amount of this Issue being held In trust by the National Trust Co., Ltd.,
for the exchange of the following Issues yet outstanding: (a)£105.300 Mani
toba & Southeastern 4% first lien on 108 miles, assumed; (b) £233,700 Cana
dian Northern R y., Sifton branch, 4% bonds secured on 197 miles Sifton
Junction to Erwood, guaranteed, prin. and Int., by Manitoba Government;
(c) £10,000 Lake Manitoba R y . & Canal Co. 4% bonds first lien on 125 miles,
Gladstone to Winnlpegosls, guar, as to prin. and lnt. by the Manitoba Govt.;
(d) £1.700 Gilbert Plains 4% bonds, a Hen on 27 miles Dauphin to Grand
View, guaranteed by Manitoba Gov’ t. V. 80, p. 116; V. 78, p. 1274; V. 79,
p. 2794; V. 81, p. 1607; V . 82. p. 568.
,
In 1903-12 £7,492,750 4% perpetual consolidated debenture stock was
Issued upon mileage, and to purchase securities of various controlled prop
erties deposited with the National Trust Co. V. 76, p. 1247: V. 77, p. 87;
V. 80, p. 996: V. 81. p. 1609; V. 86, p. 1099; V. 87, p. 36; V. 89, p. 1279;
V. 90, p. 770. 1424, 1489; V. 93, p. 406. V. 94, p. 1695.
The £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion
Government, dated July 29 1903 (trustees, British Empire Trust Co., Ltd.,
London, England, and National Trust Co., Ltd., Toronto) Is a 1st charge
on line from Grand View to Edmonton, 020 miles, at $13,000 per mile,
such first charge to be, however, limited to $10,000 per mile In respect of the
line from Grand View to the western boundary of Manitoba. Additionally
secured by first lien on the extension of the Prince Albert branch to Prince
Albert from a point 100 miles east: by second lien dt\ the portion of the
Prince Albert branch running from Erwood to a point) 100 miles from Prince
Albert, and by charge on other lines then constructed— an aggregate of
918 miles. V. 80, p. 1234; V. 76, p. 1299.
x
In May 1910 the Canadian Govt, agreed to guarantep Canadian Northern
Alberta Ry. 3 >4% bonds for the construction of a line from Edmonton west
to the coal areas near the Brazeau River, Ac., 150 miles, at the rate of
$13,000 per mile for the first 50 miles and $25,000 for the remaining 100
miles, Canadian Northern Ry. guaranteeing payment to Government.
,
,
V . 90, p. 1295: V . 92, p. 794. 880; V. 93. p. 162.
In July 1908 the Dominion Government agreed to guarantee prin. and
lnt. of 3 >4% 50-year bonds or debentures to bo Issued at $13,000 per mile
on 609 miles of branches in Manitoba and Saskatchewan. V. 88, p. 346.
821; V. 87, p . 1159: V. 91, p. 37. 93; V. 92, p. 794, 880.
In June 1909 £600,000 4% first mtge. debenture stock, prin. and Int.
guaranteed by the Govt, of the Province of Saskatchewan and £600.000.
prin. and Int. guaranteed by the Gov’t of the Province of Alberta, were
offered In London, secured by separate deeds of trust, the amounts now
Issued being at $13,000 per mile, with the right reserved to increase the
amount to $15,000 and to Issue deeds for additional lines. V. 89, p. 40,
V . 88, p. 1497, 1619; V . 91, p. 1322; V. 94, p. 1316.
,
The Canadian Northwestern Ry. 1st M. 4s, guar., p. & 1. by the Canadian
Northern R y., are Issuable at $25,000 per mile to build 160 miles connecting
the Canadian Northern main line with the mining dlstrlot of Brazeau,
Alberta, to be completed by Jan. 1 1913. V. 93, p. 1724.
INCOME-CHARGE STOCK.— The 5% Income-charge conv. deb. stock,
limited to $10,000 per mile, Is red. at any time after May 6 1920 and Is con
vertible on Jan. 1 1916 or any subsequent Jan. 1 or July 1 until Jan. 1 1919,
at the holders’ option, Into full-paid common shares at the ratp of $500
(or £102 17s.) of deb. stock for $500 capital stock, on 60 days notice. The
Interest will be payable May 2 and Nov. 2 only to the extent that thp net
earnings are sufficient after paying fixed charges, and will bo declared
April 10 and Oct. 10 out of earnings of the half-years ending Juno 30 and
Dec. 31. The issue Is secured by a genera chargo on the property
(other than land and money subsidies) ranking behind the 4% consol, debt,
stock and all securities now or'hereafter created, having priority over the
4% consol, stock, and also behind all charges now or hereafter created for
securing any securities guar, by the Dominion or any of the Provinces of
Canada. Coupons paid In full to Nov. 1912. V. 90, p. 1674; V. 91, p.
1322; V. 92, p. 1031; V. 95. p. 1039.
WINNIPEG TERMINAL 4s.— The 4s of 1909, of which $3,000,000 have
been sold, are guaranteed, prin. and Int., by endorsement, by the Province of
PRINCE ALBERT
LAND
VATU UR ST
C jm E
Lake
MackaV£
Zac laMarte
Ft.Simpsoi
Ft.Laird
iK^'Xnv/
‘h n)Ca„
R A IL W A Y
ST O C K S A N D BONDS.
GREAT BEAR
L A K E ^ s00% I!L
tffcHICOU
'Kenoxamil
38T.ANORE
3pULIEPOl
't.NelsonI
Ft.McKay
Ft-McMurray,
Ft. 1
\Vrmilion>
Peace
-Hazeltom
Ft.McLeod<
Jasper'
r.Ft. Gcorge'
i House
NUYBOlTi
PK.ATOON*
vBarkcrvillc]
'Syracuse
S^Kla^Greek
Donald
Revelstoke CALGA!
Oct., 1912.1
Lytiou’
'can. Arrowhead
Nakusp (
pumas
’oS S W ’n
r*P” liHexford
\
Tacific
.-ntn-wa;
jtouners Ferry
[Snohomisl
MAP OF THE
CANADIAN NORTHERN
RAILW AY
YacS'
[Great Falls
Under Construction
Proposed
*
-
-
22
[VOL.
R AILW AY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Canadian Northern— (Concluded)
1st land grant M red 110 (m oney depos to redeem)
do
do
£1.027,400 red 105 to July '17
Im perial Rolling Stock 1st M ser A last Installment
do
do
ser B, C.F $210,000 due y ’ ly
do
do
ser G $45,000 due yearly___
do
do
ser K part due yea rly_____
do
do
ser L $250,000 due yea rly. .
do
do
part yearly (V 85, p 5 9 9 )-do
do
ser N A 0$200,000 yearly.c*
do
do
ser P $100,000 due seral-an.
do
do
ser R $170,000 yearly___c*
do
do
ser S $100,000 yea rly___c*
do
do
ser T $150,000 yearly___c*
do
do
ser U $50,000 yea rly-----do
do ser V $300,000 y ’ly(V 91. p 153) ,c *
do ■
d o ser A1 $184,000 s-a(V 92,pl031) o*
do
do ser B 1 due part s-a (V 93 p 1385) do
do ser C -l due part s.-a. (V . 94, p.1448)
do
do ser D -l due p arts.-a.(V . 94, p. 1448
Equip notes g ser I due $29,000 sem l-ann------ U .xc
208
Canadian Northern Ontario— Guar deb stk (see text)
Perpetual consolidated debenture stock ----------------Guaranteed 1st M deb stk, $35,000 per m ile-----------20.X
Can Nor Pacific— 1st M deb stock gu by Brit C o lu m ..
Can Nor Quebec— Gt Nor cons M $5,402,000 (text) Cc
Perpetual guaranteed debenture stock (see t e x t ) ..
Canadian Pacific— Stock $200,000,000 authorized-----Preferred stock limited to 4 % n on -cu m u la tlv e..
3,221
First m ortgage debentures sterling---------------------183
First m ortgage on A lgom a Br g -------------------------o* Ar
Consol perpetual debenture s tock -------- --------------Securities o f Principal Leased, & c.. Lines.
218
M anitoba S W Col R y $12,000 per mile Int guar gold
350
A tlantic A Northwest— 1st m ortgage gold gu .-C *A r
St Lawrence A Ottaw a— flrst m ortgage gold see text
58
Ontario A Quebec stock guaranteed In perpetuity
671
Ontario & Quebec deben Interest guar In perpetuity
191
T oron to Grey A Bruco 1st M gold Interest as rental
174
• New Brunswick R y 1st M gold lnt from rental — c*
Perpetual consol debenture stock. Interest guar
Par
Value
1899
£100
1907 £100 Ac
$1,000
1902
$ or £
1903
$ or £
1904
1905 $500 Ac
1900
500 Ac
1900
500 Ac
1907
500 Ac
1907
500 Ac
1908
1909
500 Ac
1909
500 Ac
1909
1910
500 Ac
1911
500 Ac
1911
500 Ac
1912
1.000
1912
500 Ac
1910
1.000
1908
1909
1911
1000
1904
1885
1888
1889
1884
1887
1870
1883
1884
1890
100
100
£100 Ac
£100 Ac
£1 Ac
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
F A A Feb 1 1919
$2,000,000
4 g
.1 A .1 July 1 1938
$4,513,347
4
M A N N ov 1 1912
$193,382
5 g
F A A Aug 1 1913
$70,000
5
M A S Sept 1 1913-’ 14
$90,000
5
$370,000
4)4 B A A O Oct 1 1913-’ 15
A 1) June 1 1913-’ 16
$950,000
4)4 B J
$229,000
4 $4 B M A N N ov 1 1913-’ 16
$1,000,000
4 >4 g .1 A D June 1 1913-’ 17
$1,000,000
4)4 g F A A Feb ’ 13-Aug ’ 17
$1,020,(KM)
4)4 g M A S Mch l 1913-’ 18
$700,000
4)4 B M A s Mch 1 1913-’ 19
$1,050,000
4)4 K M A s Sept t 1913-’ 19
M A N N ov 1 1913-’ 19
$350,000
4 )4
M A N N ov 1 1913-’20
2,400,000
4)4
3,132,000
4 )4 g F A A Feb ’ 13-Feb ’21
1,350,500
4 )4 g M A S Mch ’ 13-Sep ’21
2,000.000
4)4 g A A 0 A pr ’ 13-Apr ’22
3,000,000
4 $4 g A A o Apr ’ 13-Apr ’22
F A A T o Aug 1 1915
178,000
5 ff
Various 1930 and 1938
£1,015,008
3 >4
A A O 2 Perpetual
4
£800.000
J A J 20 May 19 1901
£7,000,000
3)4
4
£2 43 8 t35fi
A & O
A A O Oct 1 1934
11448,750
4
J A D31 Perpetual
4
£1,038,855
Oct 1 1912 2)4
Q— J
Sec text
See text
A A o Oct 1 1912 2%
4
$60,095,097
J A J July 1 1915
$33,700,000
5 g
J A .1 July 1 1937
3,050,000
5 g
A J Irredeemable
J
4
153,823,707
1,000 $2,544,000
£100 Ac £1,330,000
£200,000
$100 $2,000,000
£1 £4,007.381
£719,000
£100
£630,000
• £100
£904.533
£1
5
5
(6)
6
5
4
5
4
g
g
4
g
g
A D
J
J A J
J A D15
.r A D
j
A D
A J
j
F A A
J
A J
June l 1934
Jan 1 1937
Sec text
June 1912 3
Irredeemable
July 20 2882
Aug 1 1934
Irredeemable
LXXXXV
Places Where Interest an&
Dividends are Payable
Nat Tr Co, T or or Lond
London, England
C B k of C om , N Y , or Tor
do
or L ondon, Ena
do
T oron to, or Lon
N Y , London or Toronto
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N Y , L ondon A Torontt
Phlla Tr, S D A Insur Co
N Y , London A T oron to
Guaranty Tr Co, N Y
Can Bk of Com m erce,Lon
C Bk of Com, T or A Lon
do
do
Can Bk of C om ,N Y A Tor
London
Lond A 31 Pine St, N Y
Com pany’s Office, Lond
Baring Bros A Co, Lond
Baring Bros A Co, Lond
Com pany’s Office, Lond
London A 31 Pine St N Y
Baring Bros A Co, Lond
Can Pac office, London
Montreal and London
Morton, R ose, London
T oron to and London
London
do
couver and Pacific tidewater, about 600 m ., to be com pleted within 4 years.
Also a 150-mlle line from the 100-mile post on the Vancouver island section
to the cast coast of Vancouver Island and a 145-mlle line to Vernon, and
thence via Long Lake to Kelowna and to O ’ Kanagan Lake. In May 1911
contracts were let from H ope to Kam loops, 163 miles, estimated cost
$15,000,000, and In A ug. 1911 from Yellowhead Pass to Kam loops, 250 m.
V. 92, p. 1309; V. 93, p. 520. Controlled by same interests as Canadian
Northern R y . Stock auth., $25,000,000, of which $10,000,000 m ay be
pref.; par, $100. First mtge. deb. stock will be issued under A ct of 1910
at $35,000 p. m. (limited to $21,000,000, or £4,315,008, unless the road Is
extended Into city of K am loops), guar, by British G ovt., the Canadian
Northern R y . to Indemnify the G ovt, against any loss It m ay Incur b y the
guaranty; also an additional 195 miles authorized In 1912. Mortgage trus
tees, National Trust Co. of Toronto and British Empire Trust C o.; V . 93,
p. 1401; V. 94. p. 1565; V . 91, p. 37, 93; V. 90, p. 696; V. 89, p. 1141.—
(V . 93, p. 1401; V . 94, p. 558, 1565.)
CANADIAN NORTHERN QUEBEC RY.— (See M ap Canadian N or. Ry.)
— Owns Quebec to Montreal, 170 miles; Jollette to H awkcsbury, 67 miles;
branches. Garneau Jet. to Riviere a Pierre, 40 in.; Shawlnlgan Jet. to Shawlnlgan, 4.50 m .; St. Jacques Jet. to St. Jacques, 7.20 m .; St. Jerome Jet.
to Ilubcrdeau, 45.70 m .; spurs, 7.87 m .; total, 347.27 m . Also operates
58.65 m. Ottawa to Hawkcsbury, of Central Ontario R y .
Owns elevator, car shops, & c., at Quebec. Formed In 1900 by the amalga
mation of the Great Northern R y . of Canada, A c. Controlled by the same
Interests as the Canadian Northern R y .
Capital stock, $12,500,000, of which $3,000,000 Is Issued as statutory
stock with a certain preference as to dividend.
S E C U R IT IE S .— On O ct. 22 1900 an Issue of 4 % perpetual debenture
stock, guaranteed by the Canadian Northern R y ., was authorized to an
am ount sufficient to take up the bonds of constituent com panies, to meet
Net earnings................... $4,990,347
$4,344,390 $3,506,302 $3,032,687 cost of lines now under construction, provide for construction or acquisition
Int. bd s.gu.by D .of Can.
$359,257
$280,800
$280,800
$280,800 of additional lines at not exceeding £4,109 ($20,000) per mile of such lines,
In t. bonds gu. b y Manlt.
933,208
709,158
095,641
058,743 and, with the consent of the trustees forthe stockholders, to provide for the
In t. g u .b y Saskatchew .
60,500
---------------------------purchase of the stocks and securities to an amount not exceeding the cost.
In t. perp. cons, deb.stk. 1,388,410
1,150,055
938,399
577,539
In October 1906 £1,000,000 of this stock was issued to take up the
Int. Q u 'A p. L. L . A S - 203,983
203,988
203,983
181,467 entire bond Issues of the Chateaugay A Northern R y . and the Quebec New
In t. on 4% land gr. b d s.
184,563
191,533
90,107
-------Brunswick A N ova Scotia R y . and $1,514,500 bonds of the Great Northern
Rentals leased lines, A c .
225,210
223,900
223,900
223,900 Railway Co. of Canada, and since that date £38,555 of stock to take up an
021,399
554,143
480,727
431,248 additional amount of Great Northern R y . Co. of Canada 4 % bonds. In
In t. on equip, leases____
Int. on Inc. deb. stk — (5% )312,872
-----------------------terest payable June 30 and Dec. 31. T otal amount outstanding, £1,038,
855; secured by specific first mtge. upon any securities acquired as above
Surplus for year..........
$694,824 $1,030,757
$046,745
$678,930 and deposited with the trustees and b y first general lien upon entire property
O F F IC E R S .— Pres., Sir W illiam Mackenzie; V .-P ., Sir Donald Mann; of com pany (other than land and m oney subsidies), subject only to the bond
3d V .-P ., D. B . Hanna: S ec., W . II. Moore; all of T oron to, Ont. Directors: Issues of the amalgamated cos., which bonds will be retired as soon as a llot
Sir W illiam Mackenzie. Sir Donald Mann, Z . A . Lash, Frederio Nlcholls, each series have been exchanged for this issue. V .8 3 ,p.968; V .8 4 ,p.693, 748.
There are $3,505,000 4 % bonds of the Great Northern R y . of Canada,
T oron to, O nt.; R . M. H ornc-Payne, London, E ng.— (V . 95, p. 1039.)
guar, as to prln. and lnt. by Canadian Northern R y .
The Central Trust
CANADIAN NORTHERN ONTARIO RY.— (See M ap Canadian Northern Co. of New York holds $0,500 bonds for exchange for the unexchanged bal
R y .)— Owns T oron to to Sudbury, 208 miles, with extensions to Gowganda ance o f Great Northern R y . of Canada flrst Issue of 5 % bonds.
Jet., 43 miles; branches and spurs, 31 miles; total, 342 miles. From SellD IR E C T O R S .— D. B. Hanna, Z . A . Lash, Frederic Nlcholls, W . H .
wood the main lino Is now being extended towards Port A rthur, where a
and F. C. Anncsley, all of T oron to, Ont.: II. II. Melville, B oston,
connection will be made with the Can. Nor. Ity.; 40 miles com pleted In 1909. Moore
H on. F . H . Phlppen, T oronto; H on. Jules Tesslcr, Senator, of Que
See d eb. stock below . First seetton of Toronto-M ontrcal line opened In Mass.;
bec,
P
.Q
Thomas M cDougall, Mayor of Quebec; A . J. Mitchell, T oron to,
March 1912 between T oron to and Descronto, 131 miles. Connection Is O nt., and.; R
. M. Ilorne-P ayn c, London, Eng. Pres., D. B. Hanna; V .-P .,
made at Deseronto with Bay of Qulnte R y . In connection with the Can. II.
H . Melville; 2d V .-P ., Frederic Nlcholls; S ec., W . II. M oore, all of
N or. Quebec R y ., a through train service is maintained between Ottawa,
T
oron
to,
Ont.—
(V . 84, p. 693, 748.)
Quebec and Montreal. V . 92, p. 102: V. 94, p. 629. Owns m odern orchandllng plant at K ey H arbor, 80 miles from Moose Mt. Iron mines.
CANADIAN PACIFIC RY.— R O A D .— Owns a trans-continental railway
In A ug. 1910 Interests closely allied with the com pany. It Is understood, from Montreal to the Pacific Ocean, made up as follows July 1 1912:
acquired practically all the stock of the Ontario A Ottawa R y ., which Montreal to V an couver________2,903 Under construction July 1 1912.1,240
319
had acquired Central Ontario R y ., A c., total 243 miles. V . 91, p. 270, Branches and auxiliaries______ 3,322 Operated account of owners—
Also controlled but oper. sep.—
462; V . 93. p. 102, 1259. See BONDS below.
Leased lines____________________4,664
Used jo in tly ___________________
94 rtMtnn. St. P. A Sault Stc. M ..3 .7 7 3
O R G A N IZ A T IO N .— Controlled by same Interests as the Can. N orth.
aDuluth South Shore A Atlantic 023
Capital stock (shares $100), authorized, $1,000,000; Issued June 30 1912,
aSeo each com p any’s statement.
T otal In traffic returns......... 10,983
$250,(X)0. Debenture stock, 3 H % , £269.040, due July 10 1930 and £ 1,3 40 .
In Jan. 1909 control of Wisconsin Cent, was purchased by Minn. St. Paul
023, due June 30 1938, interest Mch. 31 and Sept. 30 and Dec. 31 and June
30. Authorized at $20,000 per mile. Prln. and lnt. guaranteed by P rov A Sault Ste. Marie. V . 88, p. 157. New Chicago terminals, sec Minn.
St. P. A S. S. M., V. 93, p. 1385, 1401. In Mch. 1912 contract was let for
ince of Ontario. V . 87, p. 96: V . 88, p. 1000.
new Lake Shore line between Montreal and T oron to, about 185 miles, to
The £800,000 4% perpetual consol, debenture stock of 1909 Is a first lien
take about 2 years to build and cost about $12,000,000. V . 94, p. 1185.
on road from H awkcsbury to Ottawa and from Ottawa to Niagara, via
In Aug. 1910 Canadian Pacific Interests purchased practically all the stock
T oron to and Ham ilton, with additional charges on other lines as further
of Dominion Atlantic R y ., Yarm outh to Truro, with branches, total 247
security. V . 89. p. 40, 162
In May 1911 tho Canadian Governm ent agreed to guarantee 314% 50-year miles, with 45 miles trackage to H alifax, possession being taken April 1911,
1st M. deb. stook at $35,000 per mile on not exceeding 1,050 miles, to co n - and‘ road' Is leased for 999 years from Jan. 1 1912. V. 91, p. 728; V. 00, p.
1490, 1424; V . 93, p.............
1461'; V..........
. 94, j ._____
p. 278. In 1911 acquired nearly ali tAe
struct line from Port Arthur to Montreal via Sudbury and Ottawa Valley,
... stock
___________c
R
of th Alberta
'"
~ y. A
* Irrigation Co. at $150 per share, the
of which 970 miles were under construction In Dec. 1911. The Can. Nor. m inority
R y . Is to Indemnify tho G ovt, against loss on the guaranty. The deb. stock road being leased on a guaranty of Interest on debenture stock and 6 % on
(authorized Issuo £7,493,830) will be secured b y a first charge on the road com m on stock; the stockholders on May 27 1912 authorized a mortgage.
and equipm ent from Montreal to Port Arthur, ranking after the 30-year See V . 92, p. 955: V. 93, p . 593; V . 94, p. 1310; V . 95, p. 017. Control of
3 4S% deb. stock created under trust deeds dated July 12 1900 and June 24 Alberta Central R y . was acquired In Feb. 1912; the stockholders on June 4
1912 authorized the lease of the road to the Can. I’ a c., also a m ortgage.
1908 In so far as they m ay bo unchanged and outstanding and upon any
bonds or deb. stock deposited as collateral. Tho com pany Is required to V . 94, p. 349. 1310.
The Can. Pac. leases for 999 years from Dec. 31 1912 Quebec Central R y.,
deposit with the trustee of said new m ortgage bonds or debenture stock
Issued under the trust deed of June 28 1909 an am ount equal to $35,000 per Sherbrooke to Harlakc, Q uc., 137 14 miles; Bcauce Jet. to St. George, 24 m .,
mile of the line between a point opposite H awkcsbury and Rhleau Junction, and Trulg to Mcgantlc, 59 m .; total, 221 m ., with 5 m. trackage. The
and on the 10 miles of the Hutton branch, being approxim ately $2,558,500 rental will provide for (1) interest on $2,943,540 4 % debenture stock; (2)
of such bonds and debenture stock. In Dec. 1911 £7,000,000 was offered 3 14 % Interest on $1,044,933 3 % debenture stock (which Is to be converted
Into new 50-ycar 314% debenture stock (prln. guaranteed by lessee); (3)
In London. Sec guaranty, V. 93. p. 1667; V . 94, p. 349; V. 92 p. 1309,
1435, 1035; V. 93, p. 1190, 1667. Bonds will also bo Issued for the Montreal 5 % on $1,044,933 7 % Income bonds (to be converted Into new 50-year 5%
and T oron to terminals. Immediate outlay probably abou t $10,000,000 or bonds), payable half-yearly, 10% cash bonus to be given to the converting
more, to be built under charter of Canadian Northern Montreal Tunnel & bondholders and principal to be guaranteed by lessee; (4) 4% on the $3,381,
T erm . C o., L td. Sec V . 92. p. 1435; V . 93, p. 102, 520. 1190; V . 95. p. 235. 603 capltai stock for flrst 4 years and 5 % thereafter. V. 93, p. 667, 1106;
V. 91. o . 1625.
D IR E C T O R S .— Sir William Mackenzie, Sir Donald Mann, Frederic
H IS T O R Y , ETC.— Incorporated Feb. 17 1881 under charter from Do
Nlcholls, W . H . Moore, L. W . Mitchell, Z . A . Lash, all of T oron to, O nt.; minion
of Canada, receiving $25,000,000 In cash as a subsidy; also 25,000,
and It. M. Horne-Payno, London, Eng. Pres., Sir William Mackenzie; 000
acres of land, all to be fit for settlement. Operates trans-Atlantic and
V .-P ., Sir Donald Mann; 3d V .-P ., D. B. Hanna; S ec., W . H . Moore, all ui Pacific
steamship lines; also steamers to Alaska.
T o ron to, Ont. • O ffice, T oron to, Ont.— (V . 94. p. 349, 029.)
ST O C K .— The Issue o f preferred must never exceed ono-half the com m on.
CANADIAN NORTHERN PACIFIC RY.— (See M ap Canadian Northern
Stockholders voted O ct. 7 1908 to Increase auth. com . stock from $150,
R y .)— T o construct a line across the Rockies from Yellowhead Pass to Van 000,000 to $200,000,000. $30,000,000 new stock being Issued In 1910 at 125.
Manitoba; additional bonds m ay be issued and guaranteed on authorization
of the Legislative Assem bly of Manitoba for further expenditures. The
Grand Trunk Pacific will pay a bou t $97,500 yearly for use of terminals,
which were opened In July 1911 (as against $120,000 annual Int. on bonds
Issued), and further rentals may be arranged. V. 89, p. 005. 1480.
L A N D G R A N T BON DS.— $2,000,000 first m tge. 4% land grant bonds
are secured b y 1,305,333 acres of land grant subsidies from Dom inion of
Canada
V . 85. p. 1205; V . 70, p. 1083; V . 75. p. 183, 549: V. 81, p. 203.
£1,027.400 First Mtge. 4% Land Grant Debenture Bonds.— These bonds
were secured on 1,250,000 acres of land In Manitoba and Saskatchewan, of
which 378.000 acres have been sold and proceeds paid over to the trustees;
£100,000 retired, as provided In trust deed. V. 87. p. 479, 1477; V. 88,p 1120.
G E N E R A L FIN A N C E S.— In March 1911 the com pany sold the final
block (£358.888) of the Issue of £1,022,580 1st M. 3 M % deb .stock ,gu aran
teed by the Canadian G ov t., also the entire Issue of £047,200 3 14% Cana
dian Northern Alberta R y . debenture stock, similarly guaranteed. More
than 000 miles of main line and branches were built by the com pany
In 1911. It Is thought that the road may be com pleted to the Pacific Ocean
during 1914. Sec also V . 92, p. 794, 880. In Jan. 1912 the prior right of
selection of certain lands was sold for $5,500,000. V. 94, p. 200. In Feb.
1912 $7,500,000 Montreal Terminal bonds weresold In London. V . 94, p .3 4 9 .
E A R N IN G S .— 12 m o s .J 1911-12 ..G ross, $19,538,000; net, $5,110,100
July 1 to June 30.
) 1910-11-.G ross, 15.199,500; net, 4,165,800
R E P O R T .— R eport for year ending June 30 1911, In V. 9.3, p. 1383, shows:
1910-11.
1909-10.
1908-09.
1907-08.
Average m iles..................
3,383
3,179
3,013
2,806
Gross earnings .................$10,300,712 $13,833,002 $10,581,768 $9,709,402
Oper. expenses A taxes 11,370.365
9.488,072
7,015,406
6,670,775
24
[VOL. LXXXXV.
RAILW AY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
M iles Date
Road Bonds
Canadian Pacific— (Concluded)—
84
New Brunswick Southern first m ortgage_____
Calgary & E dm onton deb stock gold interest as rent
52
Branch line bonds 51,040,000 (owned b y CanPao)
Alberta R y & Irrigation Co 5 % non-cum red, intguar
~40
L indsay B obcayg A Pontypool 1st M 5700,000 gold
Quebec Central stock dlv to be guaranteed_________
Debenture stk into to be gu red 110 aft 20 yrs___
Debenture stock prln and int to be guar_________
Bonds principal and interest to be guaranteed—
14
A roos Val El R R 1st M 5300,000 g red 105 int
e & At
Minn St P & Sault Ste Marie and Duluth South
Carolina Central— Bonds— See Seaboard A ir Lin
.
8
Caro Clinch! & Ohio— Lick Crk & L E 1st M assumed.
256
1st M 515.000,000 red 110....... .............- ...............F.o*
M ortgage gold notes 55.000,000 redeem p a r.E q .xo*
do
do
15,500,000 ..................................................
Equipm ent gold notes ser “ A ” due 5130,000 s a .B a
do
do
Ser " B " due 550,000 s a ------------Un
•d o
do
Ser *C” due 550,000 s-a----------------Carolina & Northwestern— 1st M 52,500,000 gold - - Q
Caldwell& Northern 1st M ......... — ............- - — - -
46
Carthage & Adir— 1st M 51.600.000 gold gu .U n .c*& r
29
Carthage W ater & Sack Har— 1st M g gu p & 1 end
Catasauqua & Fogelsville— First m tge gold PeP.o*
98
Catawissa— Pref stock 5 % guar P & R R y (see text)
103
First consol m ortgage 52,215.000 g o ld .
.P e P .o
16
Catskill M t’n— 1st M (52,000 not ext from 1905)-----First incom e b on d s------ ---------------------; v n n ‘ m
34
Cayuga & Susquehanna— Stock 9 % rental D L & W .
go R o
ern
WUlllUl nmuiioua
, „
in
Central Branch— See Missouri Pacific
M acon & North D lv 1st M 5840,000 g o ld ...M B a .o *
O con D lv 1st M B rcw ton to D over 56,0 0 0 p m ..(i.o *
E atonton Branch first m tge not guaranteed g o l d ..
Mld Ga & A tl D lv 1st (consol) M 59,000 p m — G.c*
312
1,493
138
102
77
21
65
1890
1905
1903
1909
lantlo
1903
1908
1909
1912
1908
1910
1912
1903
1907
1892
1891
1898
Par
Value
Rale
%
When
Payable
Last Dividend
and Maturity
Jan 1 1933
3
£500,000
4 g
J 3 & J 2002
£1,121,700
J A J 1955
4
51.040.000
J & J
3 250,000
5
& J July 1 2002
4 g
J
500,000
3,381,603 See text .1 & J15 Jan l5 1913 2 %
F & A
4
2,943,540
J A J15 50 years
3H
1,644,933
J & J15 50 years
5
1,644,933
300,00C
4 H g F A A Aug 1 1929
500 &c
— See sta tements of those co mpanles
51,000
100
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
1,000
1898
1,000
1885
100 &c
1885
30
ck Isla nd A Pac
1895
1895
1895
1895
1901
1896
1897
Amount
Outstanding
1,000
1,000
1,000
1,000
1,000
500
1,000
5
200,000
5 g
13,000.000
2,000,000
5 g
5 g
5,500,000
5 g
1,690,000
750.000
5 g
1,000,000
5 g
5 g
1,500,000
5
543,000
1,100,000
4 g
300,000
5 g
135,000
4 g
5
3,200,000
2,215,000
4 g
39,000
5
238,000
6
589,110 See text
IDo R y
15,000,000
7,000,000
18,500,000
1,000,000
840,000
462,000
168,000
413,000
5 g
5 g
5 g
5 g
5 g
5 g
5 our
Places Where Interest and
Dividends are Payable
Can Pao O ffice, L ondon
Can Pao O ffice, Montreal
Bk of Montreal, T oron to
N Y and Augusta, Me
J
& J Jan 1 1933
& D June 1 1938
A .1 July 1 1919
A N May 1 1917
A I) Dec ’ 12-Deo’ 18
A J Jan ’ 13-Jan ’20
A A Feb ’ 13-Aug ’22
A J July 1 1953
A D June 11957
A D Deo 11981
A .J July 1 1931
A J July 1 1928
A N M a yl8 1912 2 ) i
A O Apr 11948
A A Aug 11915
Aug 11915
A J July 1912 4 ^
Blair & Co, New Y o rk
do
do
do
do
do
do
do
do
do
do
do
do
Checks mailed
do
do
Grand CentTerm lnal.N Y
do
do
Reading Term inal, Phlla
Com pany’ s O ffice, Phlla
do
do
Tan Nat Bk Catskill N Y
4.34% paid Sept ’ 10
30 Pine Street New York
F
M
J
J
.1
J
J
A
A
A
A
A
A
A
Guaranty Trust
do
do
do
do
Savannah, Ga
Guaranty Trust
j
j
j
M
J
J
F
J
J
J
.1
.1
M
A
F
A N ov
N N ov
J Jan
.1 Jan
1) Deo
D Juno
J Jan
11945
11945
1 1946
1 1946
1 1945
1 1926
1 1947
Co N Y
do
do
do
do
Co. N Y
B O N D S .— The first m tge. has been authorized to secure 515,000,000 30Stockholders were In F eb. 1912 allowed to subscribe for 518,000,000 stock
at 150. payable in 5 equal installments, on Feb. 13, April 12, June 14, A ug. year 5 % bonds dated June 1 1908, of which 53,000,000 were used to retire
16 and O ct. 18 1912, increasing the am ount outstanding to 5198,000,000. the old bonds (3 Issues) to the same amount deposited as collateral for the
It will share in dividends for quarter ending D ec. 31 1912. V . 93, p. 1667: Cumberland Corp. 1-ycar notes of 1908; In A ug. 1908 57,000,000 additional
V 87 p 613, 936, 1008: V . 89, p . 917. 1068: V . 90. p. 1044, 1674. Stock bonds were sold and during 1911-12 52,000,000 additional, making 512,000,
holders on Oct. 2 1912 voted to Increase the auth. stock from 5200,000,000 000 outstanding. The m tge. Is secured on the road from Dante, V a ., to
to 5260.000,000, the new stock to be offered to stockholders at 175 about Spartanburg, S. C., 245 miles. V . 86, p . 667, 856; V . 88, p . 944. In F eb.
Jan 1913, the proceeds to be used to retire the 533,760,000 5 % bonds ma 1909 52,600,000 equipment notes, Series “ A ," In Jan. 1910 51,000,000,
Series “ II,” and In Sept. 1912 51,000,000 Scries " C ,” were sold. V . 88, P.451.
turing July 1 1915 and for additions and Improvements. V . 95, p . 889.
In July 1909 55,000,000 10-year 5 % m tge. gold notes following In lien
D IV S . since 19000 ’01. ’02.
’03.
’04-’06.
’07-’09.
’ 10.’ l l .the
1912.
510,000.000 first 5s of 1908 were sold. T hey are subject to call as a
Railroad earnings. . 1 5
5 5 >4 6 yrly. 6 yrly. 6 H
7
7
whole or m ay be drawn In part b y lot. In July 1912 53,000,000 of the notes
Land sales,Int.,&C ..J . .
.. ..
----------- 1 yrly. 1
214
3
were retired In a readjustment of the finances o f the Cumberland C orp.
E xtra dlvs. at 3 % yearly
of 1% quar.) are to be paid from the int. In Sept. 1912 the remaining 52,000,000 were given the privilege of conver
on land sales and extraneous assets beginning April 1911, increasing yearly sion Into pref. stock of the railway at par. V . 89. p. 285. In May 1912 sold
rate to 1 0 % . V . 92. d . 117. 955.
55,500,000 5-year 1st M. 5 % notes to construct Dante to Elkhorn extension.
B O N D S, D E B E N T U R E STO C K , G U A R A N T E E D B O N D S, E T C .—
V . 95, p . 358, 418, 480.
List of securities held against consolidated debenture stock, in V . 95. p. 552.
R E P O R T .— Financial statement of July 1 1912 in V . 95, p . 358, showed
In 1911-12 £2,252,516 4 % con sol. deb. stock was sold, of which £1,481,592 total revenues for year ending June 30 1912 (Juno estim ated), 52,352,000;
was used to construct branch lines, £300,000 to acquire steamships for net, after taxes, 51.200,000; fixed charges, 5934,500; bal., surp., 5565,500.
P acific coast service and £465,924 to acquire bonds o f other roads the in
Mark W . Potter, Pres., 24 Broad S t., N. Y .— (V. 95. p. 358, 418, 480.)
terest on which has been guaranteed. Stockholders on O ct. 2 1912 auth.
CAROLINA & NORTHWESTERN R Y.— Owns standard-gauge road,
he issue o f £1,232,500 consolidated debenture stock to acquire the out
standing securities of Dominion A tlantic R y ., of £6,000 per m . to build Chester. S. C ., to E dgem ont, N. C., 13314 miles, having acquired Caldwell A
Northern,
Lenoir to E dgem ont, N . C., 2314 miles, July 1 1910. Reorgani
187 m . of branches and £5,000 per m . for 125 miles, and the leases of Kings
In 1897 o f Chester & Lenoir, foreclosed.
,
ton A Pem broke R y ., A lberta Central R y ., S t. M ary’s & W estern R y . and zation
In
M
ch.
1900 nearly all stock was acquired b y a syndicate. Stock author
New Brunswick Coal & R y . V . 95, p . 889, 1037.
In June 1890 com pany agreed to guarantee the principal and Interest of ized. 51,000,000 each o f com . and 4 % non-cum . pref.; outstanding, July
520,000,000 4 % bonds to be Issued b y the Dul. So. Sh. A A tl.; also 4 % int. 1911, 5854,250 com . and 5550,000 pref. stook. Of the 50-year 1st gold 5s
1 1953 (Standard Trust Co. of New Y ork, trustee), 51,500,000 were
on consolidated bonds of the Minn. S t. P . A S. Ste. M ., and In 1899 Interest due July
to retire all underlying bonds and 51,000,000 are applicable to exten
on the second m tge. 4s of the latter, and In 1901 Interest on 51.254,000 used
Mineral Range 4 % bonds, the last named being all owned June 30 1912. sions, new equipment, &c. Year 1911-12, gross, 5420,620; net, 5122,996,
taxes, 514,647. In 1910-11 (133 >4 miles), gross, 5416,407; net Income
Owns Dul. S. S. & A tl. consols. 515.107,000.
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific's ac (Including 56,679 "o th e r’ ’) , 5128,339; Int., taxes, & c., 5138,993; b a l..
ceptance of a 999-year lease at a rental sufficient to pay 4 % Int. on bonds, d ef., 510,65-1. Oper. expenses Include 516.235 for shops at Chester, S. 0 .,
and the bondholders’ agreement to accept Int. at 4 % (instead of 6 % ) and to destroyed by fire. Pres., W m . A . Barber, 165 B ’way, N. Y .— (V. 91, p. 870.)
refrain from dem anding principal (due 1910) during lease. V . 90, p . 1361.
CARTHAQE & ADIRONDACK RY.— (See M aps N . Y . Central.)— Owns
The New Brunswick Railway consolidated debenture stock has Interest from Carthage to N ewton Falls, N. Y ., 46 m . The entire stock, 5500,000,
guaranteed b y Canadian Pacific; interest on the 1st m tge. bonds, though Is owned b y the N . Y . Central R R ., which In M ay 1893 leased the property
In perpetuity and guaranteed Its 51,600.000 bonds, o f which 5500,000 were
not guaranteed. Is paid out of rental under 999-year lease of 1890.
The Calgary & Edmonton R y. debenture stock Is guaranteed interest at for extensions, &o.— (V . 57, p. 218.)
4 % under new lease of 1903. V . 76, p. 435; V . 77, p. 636.
CARTHAGE WATERTOWN & SACKETS HARBOR RR.— (See M aps
The Lindsay Bobcaygeon A Pontypool R y. bonds are Issued under a 99- N . Y . Central.)— Owns from Carthage to Sackcts H arbor. N. Y ., 29 miles.
year lease covering the Interest. V . 77, p . 1225; V . 79, p. 2085.
Controlled b y N . Y . Central, which owns 5484,100 of the stook and In N ov.
The interest on the A roostook Valley (Electric) R R . 20-year 4 1S% bonds, 1911 was authorized to acquire the remainder, and guarantees the bonds.
which has com pleted a first unit of 14 miles from Presque Isle to W ashburn, Leased to R . W . & O. for 3714% of gross earnings. Rental in oal. year
M e., Is guaranteed; an extension from W ashburn, M e., west 80 miles, w asre- 1911, 571.837. Capital stock, 5465.000 com . and 521,500 pref. Dividends
ported as let In July 1911. V . 89, p. 846; V . 90, p. 107; V . 92, p. 259.
1900 to June 1912, 5 % yearly (J. & D .), and In 1909 and 1910 10% extra .—
Car trusts outstanding June 30 1912, 51.040.000.
(V . 91, p. 1765; V . 92, p. 59; V . 93, p. 1259.)
L A N D S .— Lands unsold June 30 1912 were 6,465,242 acres of Canadian
CATASAUQUA & FOGELSVILLE RR.— Catasauqua. P a ., to R lttcnPacific grant and 94,992 acres of M anitoba South W estern grant, 100,347 house Gap, P a., 30.9 m . S tock, 5426,900 (par 525); 5254,125 Is owned by
Great N orth-W est Central grant, 3,116,924 British Columbia Southern, R eading Co. Dlvs. paid In 1903-04, 7 % ; in 1904-05, 8 % ; In 1905-06. 8 % :
31,645 acres of Columbia and K ootenay grant and 1,247,379 acres of in 1906-07, 8 % ; 1908-09, 8 % ; 1909-10, 1 0% ; 1910-11, 1 0 % . For year
Columbia & W estern grant; total. 11,056,529 acres. Total sales in 1911-12,
1910-11, gross. 5245.443; net Income, 5150,999; deductions, 525,047; im
669,639 acres, for510,710,143. All land grant bonds were redeemed In 1906. provem ents, 540,871; dividends, 542,690; surplus, 548,391 — (V . 81, p.149.)
G E N E R A L F IN A N C E S .— In Feb. 1912 stockholders subscribed for
CATAWISSA R R .— Owns from Tam anend, P a ., to Newberry J o t., P a .,
518,000,000 new com . stock at 150. V. 93, p. 1667; V . 82, p. 333, 691.
101.22 miles; second track, 39.83 miles; total, 215.51 miles. Re-leased
In 1912 sold £1,000,000 each o f pref. and deb. stock. V . 94, p. 122, 206. Deo. 1 1896 for 999 years to Philadelphia & Reading Railway. R ental,
In 1911-12 ordered equipment costing 525,750.000.. V . 95, p . 550int. on bonds, 5% divs. on pref. stock, all taxes and 58,000 for org. exp.
See also V . 63. p. 969, 1110. Of the pref. stocks, 51.000,000 is 2d pref.
E A R N IN G S .— 2 m os., J1912..........Gross, 524,304,114; net, 59,166,102
Common, 51,159,500; par, 550.— (V. 72, p. 1187.)
July 1 to A u g. 31.
11911.......... Gross, 20,033,723; net, 7,778,599
CATSKILL MOUNTAIN RY.— Owns narrow-gauge road from Catskill,
• A N N U A L R E P O R T .— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first W ednesday In Ootober. The report for 1911-12 up the Catskill Mountain, to Palenville, N . Y ., 16 m .; leasM 'Cairo R R .,
Cairo Jet. to Cairo, N . Y ., 4 m .; 20 miles. Stook, 589,000. There are also
at length was In V . 95, p. 541, 550. Annual meeting, V . 95, p. 1037.
second incomes for 515.600, 6% . First Incomes have one vote for each 5100.
W 1911-12.
1910-11.
1909-10.
D lv. on 1st Incomes, 5.8281% Sept. 1006. the first since 1901; 1907.
Miles operated end of year____________
10,983
10,481
10,271
2.91042% ; 1908, less than 2 % ; 1909, almost 3 % ; 1910, 4 .3 4 % , 1911, non e.
Passenger earnings__ _______
531,812,208 528,165,556 524,812,021
E A R N IN G S.— Year ending June 30 1911. gross, 566,825: net Income.
Freight ______________________ ______. 79 833,734 65,645,228 60,158,887
Mall, express and miscellaneous______ 11.673,599 10,357.021 10,018,582 512,520; Interest, & c„ 512,494; balance, surplus, 526.— (V . 83, p. 817.)
CAYUGA & SUSQUEHANNA RR.— Owns from Susquehanna R iver to
Total e a r n in g s .................................5123,319,541 104,167,808 594,989,490 Ithaca. N. Y ., 34 m. Leased during length of charter and renewals thereof
Net earnings_________________________ 513,298,243 536,099,830 533,839,956 to the Delaware Lack. & W estern at a rental
s*.I?a d
Excess stemshlp earnings_____________
1,104,448
1,118,350
909,235 are 9 % yearly, with an occasional extra amount; In 1904 J H /o was vpaid.
544,402,691 537,818,180 534.749,191
CENTRAL OF GEORGIA RY. — (See M a p .)—} System^Includes:
Lines leased (see these cos.) M iles.
Lines owned in fee—
M iles.
F ixed charges............................. .............510,524,937 510,011,071 59,916,941
Southwestern R R .—
Savannah to A tlanta............. 295
For steamships, & c_____ _____________
1,125,000
1,080,000
980,000 Gordon to Porterdalc................Macon to Eufaula----------------- 144
86
Dividends on com m on stock* ____ (7) 12,600.000(7) 12,600,000(6 H) 1016717
F ort Valley to P erry_________
12
Columbus to Birmingham, A la . 156
Dividends on pref. stock (4 % ) ______ •2,592,235
2,253,8b7
2,214,933 Columbus to Am erlcus..............
F ort Valley to Columbus____
71
62
85
Smithvllle to Colum bia.........
M ontgom ery to Eufaula, A l a . .
80
Balance, surplus..................................517,560,519 511.873,242 511,470,138
Cuthbert to F ort Gaines____
21
Columbus to Greenville, Ga____
49
•Also 1 % "extra yearly from special Income, v iz.: 14% April and 14% Opelika to R oan oke-----------Augusta & Savannah R R .—
36
53
Mlllen to Augusta_________
O ct. 1 In 1908-09 and 1909-10, 214% in 1910-11 and 3 % In 1911-12.— (V. Eufaula to Ozark...................
60
95. p. 679, 889, 1037.) r
Griffin, Ga., to Chat., T enn .,& o. 198 Chattahoochee & Gulf R R .—
Columbia to L ockhart............
91
Chlckamauga to Durham ------18
CAROLINA CLINCHFIELD & OHIO RY. — (See A /a p .)— Owns from Savannah to T yb e e .......................
2
18 T r a ck a g e ---------------------------------Dante. V a .,to S p a rta n b u rg ,S .C .,242 m . Dumps Creek Line, 16 m. Exten Columbus to Andalusia____ 138
sion under construction north from Dante, V a., to Ellthorn, K y, 35 miles, M acon Junction to A thens___
Total oper. July 1912............1,915
102
to be com pleted b y end o f 1913. V . 94, p. 1448. Connects at Bostic,
Brewton to D over---------------77
n ; C „ with Seaboard A ir Line R y ., with which close relations are main
Barnesville to T hom aston------16 Also Meldrlm to L yons, 58 miles
. talned and tidewater Is reached. V . 88, p. 944; V . 87, P -6 7 0 . Controlled Lyerly Branch______________
(leased to Seaboard A ir L in e ).
9
b y the Cumberland Corp., which see below; also V . 95, p . 113, 358. fin a n ce d
Ocean SS. C o., est. equlv. o f ____ 300
12
Upper Cahaba Branch_____
b y leading New York bankers.
Controls W rlghtsvlllc & Tcnnllle and
Greenville to R ay m on d____
24
W adley Southern R y .
P STO C K .— A uthor'zed, 540,000,000, of which 515,000,000 Is 6 % pre . and
Total owned (and o p e r.)____ 1,436
____ _
,,
525,000,000 com .^ outstanding, 525,000.000 com . and 512,000,000 pref.,
O R G A N IZ A T IO N .— Succeeded N ov. 1 1895 the Central R R . A Bank ng
all owned by Cumberland C o rp ./e x ce p t 52,000,000 pref. which Is deposited
with trustee o f m ortgage gold notes to provide for conversion of notes. Co. o f Georgia, foreclosed. V . 60, p. 1008; V . 61, d . 68. All of the W adley
V . 94, p . 1625. In Feb. l 9 l0 arranged with Southern R y . to^send coal to Sou. R y. bonds are deposited to secure notes due Mch. 1 1912, which were
temporarily extended and to bo shortly refunded. V . 85, p. 605.
Charleston, S. C ., for.'export. V.L90, p . 558; V . 95,Ip. 359.
R A IL W A Y
STO CK S A N D
BONDS.
<N
o
O
RAILWAY STOCKS AND RONDS.
26
M iles
Date
Road Bonds
R A IL R O A D C O M P A N IE S
[For abbreviation*, & c., see notes on first page]
Central of Qa Ry— (Concluded)—
Chattanooga Dlv purch money M $2,400,000 g-G.o*
Chattanooga Rome & So 1st M $500,000 g.Un.o*
Upper Cahaba mortgage gold redeem 1021$------- N
Greenville ft New 1st M gold redeem 1021$-.........N
New mortgage.......- - ......................... .........................
1st pref Incomes] Interest up t o 5% f __________ Mp
2d do
do 1 gold If earned 1___________Ce
3d do
do J non-cumulatlve I___________Ba
Central RB & 13k coll tr bonds gold red at 110-Ce.o*
Equipment trust series II $51,000 s-a (V 82, p 217)Equlp trust series I $115,000 s-a (V &3, p 751)-_.G P
do
do
series K $38,000 semi-annually_____
Notes secured by VVadley Southern bonds_________
164
138
12
24
Guaranteed, A c ., Securities
Ocean SS Co lirst mortgage gold guaranteed..Ce.c*
53
Augusta & Savannah stock (no bonded debt)______
Southwestern Railroad stock (no bonded debt)___
333
Chattahoochee ft Gulf stock_____________________
91
First M gold $2,000,000 Int rental s f red at 1021$
117
Cent Indiana— 1st M $4,000,000 gu p & 1 end.Ce.c*&r
12
Cent New England— Dut Co RR tlrst M g guar. Ba.o*
C N E 1st M$25,000,000g gu rcdl05beg'21-Fxo*&r*
149
Central Ohio— Sec Baltimore & Ohio
Central Ontario Ry— 1st M (see Can Nor Ontario R y ).
Central Pacific— 1st ref M g gu p ft 1 end--Ce.c* &r 1,349
3l$s $25,000,000 gold guar p ft 1 end_____Us.c’ &r 1,349
103
Lucln cut-off 1st M $10,000,000 gu (text).-G.e*& r*
Bonds 250,000,000 francs guaranteed red par__ Us
479
Nevada ft Cal, &c, 1st M assumed-.........................
80
Oregon & Eastern first mtge assumed......................
Other bonds— see text
Central RR of Haiti— 1st M U S gol 1(see text) .Q.c*
__
3d M
do
d o _______________ _______— Cjc*
__
Central RR of N J—Stock ($30,000,000 authorized) . _
Central RR of N J gen M $50,000,000 gold------Ce.rc All
All
do
do
registered.......................—
__
• L & W B 5s of 1012 sk fd not guar (to be pd Nov 1)
• L & W B con M $20,000,000 serial g guar.-PeP.c*
—
Am Dock & Imp Co 1st 11 guar redeem at 110------c*
b Includes $1,107,000 In treasury July 1012._______
1901
1897
1905
1905
H)12
1895
1895
1895
1887
1906
1906
1907
1907
Par
Value
Nov 1 1945
Nov 1 1945
Ndv 1 1945
May 1 1937
To Feb 1916
To July 1916
To Mch 1 1917
See text.
J July 1 1920
J July 1912 21$%
.1 July 1912 21$%
J July 1912 21$
.J July 1 1930
N May l 1953
D June 1 1940
J Jan 1 1961
1909
1899
1899
1904
1911
1911
1912
£100
£200,000
500 &c 99,698.000
500 &c 13,282,000
1,000
9,640.000
500 fr 48,262,548
8,500,000
5,000,000
J 1934
A Aug
D Aug
& O Oct
ft S Mch
ft N Nov
ft
J Jan
1909
1909
1,000
6g
800,000
1,000
0g
200,000
100 27,436,800 See text
1,0001 b45,091,000 / 5 g
500 &c]
l 5g
1,000 2.691,000
5
1,000 16,996,000
4g
5
1,000
4,987,000
1887
1887
1888
1910
1881
Total Income____________________ $4,159,337
Interest on funded debt, &c_________ $1,900,196
Rentals and miscellaneous.................
592,948
Betterments (Including reserve)--------------Tax settlement (prior to July 1 1908) ---------
$4,174,300
$1,927,956
523,604
1,147,307
$3,837,180
$1,959,556
558,285
1,318,123
Balance......................................... sur.$l,666,193sur.$575,433 sur, $1,216
Blvldends of 5% each paid on three classes of remaining Income bonds
out, $21,587. Total surp. June 30 1912 after payment of same, $1,798,883.
OFFICERS.— Pres., Charles H. Markham, Chicago, 111. Directors. July
1909, V. 87, p. 1009; V. 89, p. 162; V. 95, p. 47, 110, 889, 967, 1037.
CENTRAL INDIANA RY.— Munclc to Brazil, Ind., 127 miles, of which
10 m. trackage. V. 70. p. 653. Controlled by Clev. Gin. Chic. ft St. Louis
and Penn. RR. Interests. Bonds, guaranteed by Clev. CIn. Chic. & St L.,
are limited to $20,000 per mile; outstanding, $1,500,000. V. 77, p. 517,
2279; V. 78, p. 1906, 1961. Stock auth., $120,000. Calendar year 1911,
gross. $177,099; def. under oper. exp., ,$44,976: charges, $79,746; bal.,
def., $124,722. Pres., Joseph Robinson.— (V. 78, p. 1906, 1961.)
CENTRAL NEW ENGLAND RY.— Owns from Campbell Hall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to SUvernalls, 43 m.;
Poughkeepsie, N. Y ., to Hopowell, 12 m.; Dutchess Jet., N. Y., to State
line, 59 m.; Poughkeepsie. N. Y., to Boston Corners, 35 m.; total owned.
149 m.; and leases and controls Hartford St Conn. Western R R ., Hartford
to Rhlnecllff, 110 m.; Tartffvlllc, Conn., to Agawam Jet., Mass., 14 m.;
Wloopee Jet., N. Y .. to Flshklll Landing. N. Y „ 2 m.; Agawam Jet. to
Springfield, Mass., 3 m.; trackage over New England R R ., Danbury, Conn.,
to Hopewell Jet., N. Y ., 34.6 m., and WIcopee, June., to Flshklll Land
ing, 1.65 m.; total. 314 miles. V. 89, p. 918; V. 95, p. 418.
ORGANIZATION.— On June 30 1912 the N. Y . N. II. & H. R R . owned
$3,718,400 pref. and $4,772,000 com. stock. V. 85, p. 404, 858; V. 89,
p. 469; V. 90, p. 1238, 1296, 1489; V. 91, p. 153, 396. 870.
STOCK.— Common. $4,800,000; pref., 4% , $3,750,000; par. $100.
BONDS.— The 1st guaranteed 5s of 1911 ($25,000,000 auth. Issue) are a
first lien on 137 miles of road and the Poughkeepsie Bridge. Of the bonds
$11,967,000 were sold to retire outstanding bonds and notes, theremalndcr.
except $350,000 reserved for Dutchess Co. bonds, being set aside for not
exceeding 75% of the cost of extensions, additions and Improvements.
V. 92, p. 1374, 1635; V. 94, p. 206. Dividend on Incomes, 4% : for llscal
year 1908-09, paid Oct. 1 1909; Oct. 1910 and 1911, 5% . V. 93. p. 666.
BARNINGS.— 2 m os.,(1912.................. Gross, $627,256; net, $321,890
July 1 to Aug. 31.
\1011__________Gross, 510,967: net, 231,401
l
1
1
N
A
J
S
S
Other Inc. Charges.
Balance.
$39,324 $809,682 $813,685
57,435
858,453
356,352
J
5
F
4g
31$ g J
4 g A
M
4
M
6
J
6
J
J
ft
ft
ft
1 1949
l 1929
1 1954
l 1946
l 1941
1942
D June 1 1919
D June 1 1919
Nov l 1912 2%
.1 ft J July l 1987
Q— T July 1 1987
M ft N Nov 1 1912
.1 ft D Junel 1915-'50
J ft J July 1 1921
ft,
ft
0
Places Where Interest and
Dividends are Payable
June 1 1951
Guaranty Trust Co, N Y
July 1 1947
Union Trust Co, New Yk
Feb '13-A u g ’25 Guaranty Trust Co, N Y
do
do
Mch -13-Sep '25
ft
ft
ft
ft
ft
ft
ft
ft
$3,577,846
$3,106,998
730,182
N et.
D
J
A
S
Last Dtvidend
and Maturity
1,000,000
5g J
1,000
,1
5
1,022.900
100
J
5
100 5,191.100
.1
5
100
436,400
1900
313,000
5g J
1,000
1903
1,500,000
1.000
4g M
1890
350,000 41$ (0) g J
1,000
1911 1,000 &c 11,967,000
4g J
$3,887,695
$3,405,426
768,874
$1,584,044
1,157,370
When
Payable
1890
Net operating revenues............. . . . $4,008,891
Operating Income (after taxes) — . . . $3,451,977
707,360
Other Income___________________ . . .
1911-12__________ $3,468,626
1910-11.................. 3,218,255
Rate
%
4g J &
$1,000 $2,057,000
343,000
5 g J &
1,000
F &
390,000
4g
1,000
4g M &
390,000
1,000
See text
See text Oct
1,000 1
1,000 1 See text. See text Oct
See text Oct
1,000 j
5 g M &
1.000 4,840,000
41$ g F &
357,000
1,000
41$ g J &
570,000
1,000
5g M &
304,000
1,000
5 g M ft
650.000
50.000
In June 1909 the $5,000,000 stock was acquired by the Illinois Central,
but the road Is operated Independently. V. 88, p. 1559; V. 84, p. 1550;
V . 85. p. 1082, 1268: V. 86, p. 667.
STOCK.— On June 3 1912 $15,000,000 pref. stock was authorized, the
stock being olferud to the "present shareholders” (the III. Cent.)
at par, primarily to purchase and retire the income bonds ($14,461,000
acquired by the 111. Cent, and such of the remainder of the $15,000,p00
bonds as may be presented. V. 94, p. 1316, 1565; V. 95, p. 1037.
BONDS.— The first mortgage of 1895 (described In V. 63, p. 1160) Is a
rirst lien on the main line from Atlanta to Savannah. Including the Mllledgevlllc branch (312 m. In all), all equipment and appurtenances, and the equity
In $1,995,000 stock of Ocean SS. Co. V. 84. p. 529, 605: V. 87, p. 550
Application for listing firsts and consols In V. 63, p. 1160.
The consol, mtge. (see abstract V. 61, p. 873; also V. 63, p. 1160; V. 83, p.
1347) Is a first lien upon GOO m. (Including former Mont. & Eufaula RR.
Sav. ft Western and Sav. & Atl.); also on the leases of the South Western
and Augusta ft Savannah roads and the stock of New England ft Savannah
Steamship Co., and a second lien upon the main line, Its equipment, &o., and
also on the Macon ft Northern, Mobile & Girard, and other divisions. It
also covers all leaseholds, securities, &c. V. 85, p. 605; V. 89, p. 777.
Collateral trust mortgage abstract was In V. 45, p. 242.
The Chattanooga Division mortgage covers the former Chattanooga
Rome & Southern R R ., Carrollton, Ga.. to Chattanooga, Tenn.. 138
miles, and Durham to Chlckamauga, Ga., 17 miles, with branches, in all
164 miles, subject to $343,000 old 5s. for which a like amount of bonds is
reserved. V. 72, p. 1134; V. 78, p. 1446.
Upper CahabaBranch bonds are secured by coal lands In Northern Ala
bama. also by road Henry Ellen to Margaret, Ala. V. 81, p. 920, 1099.
The stockholders on July 8 1912 authorized an Issue of $80,000,000 re
funding and development bonds, to provide for refunding outstanding bonds
amounting to about $40,000,006 and for general purposes, Including addi
tions and betterments, of which not over $5,000,000 to be sold at present.
V. 05. p. 110, 889, 1037.
INCOME BONDS.— In Apr 1912 2.179% (the remainder of the full 5%
on the 2d incomes) and 5% on the 3d Incomes was paid for the flscal year
1908. V. 94, p. 1056. The 111. Cent. R R . has purchased, under Its offer
of Dec. 1911, $14,461,000 of the $15,000,000 of the three classes of
bonds at 95, 921$ and 90. respectively. These bonds and any of the re
mainder which can be acquired will be purchased and retired from proceeds
of new pref. stock Issue. See above. As to history of Income bonds, sec
Issnc of Feb. 1912. V. 93, p. 1667; V. 94. p. 122, 1316; V. 95, p. 1037.
LATEST EARNINGS.— J1912............Gross, $2,216,943: net, $525,305
2 mos., July 1 to Aug. 31. \1911---------- Gross, 2,025,907; net, 478,271
REPORT.— For 1911-12 at length In V. 95. p. 1037.
Tear ending June 30—
1911-12.
1910-11.
1909-10.
Operating revenues___________ _____ $13,932,153 $12,907,788 $12,052,756
Operating expenses............................... 9,923,262
9,020,093
8,474,910
12 M os.en d . June 30 . Gross.
Amount
Outstanding
IVOL. L X X X X Y .
Guar Tr Co,N Y or Savan
do
do
do
do
Guaranty Trust Co, N Y
Blair & Co, New York
Kountzo Bros, New York
do
do
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y
Savannah, Ga
Savannah and Macon
Savannah, Ga
Cltlzens’ Bk,Savannah, Ga
Central Trust Co, N Y
Fid I T 4 S n Co. Phlla
Lincoln Nat Bk, N Y
Bank of Montreal, Lond
105 Broadway,New York
do
do
do
do
London, Paris, Bolg, &o
Owned by South Pac Co
do
do
Co’s office, 25 Broad St
do
do
Office 143 Liberty St,NY
Liberty Nat Bank, N Y
Check from Trcas. Office
Liberty Nat Bank, N Y
do
do
do
do
OFFICERS.— C. S. Mellon of New Haven. Pres.; A. S. May. Treas., and
Arthur E. Clark, Sec.— (V. 94, p. 982, 1056; V. 95, p. 418, 968.)
CENTRAL PACIFIC RY, — (See M a p o Southern Pacific.)
M iles.
Lines Owned—
M iles.
Branches to San Jose, &o_____
33
San Francisco, Cal., to near
Ogden, Utah____________ 871
86
Lathrop, Cal., to Goshen, Cal. 146 Weed to Klamath Falls (leased)
Into Ogden, &o. (trackage)—
25
Roseville Junction, Cal., to Ore
gon State line___________ 297
Total June 30 1911________ 1,561
Umbria to Cecil.................... 103
On Feb. 29 1912 purchased from Southern Pac. Co. the Central California
Ry. Co., Niles to Redwood City, Cal., 16.24 m.; Fernley ft Lassen Ry.,
projected Fernley, Nev., to Susanvllle, Cal., and beyond; Chico & Northern
R R ., Chico to Stirling City, Cal., 32 m.; Modoc Northern R y., projected
Alturas, Cal., to Klamath Falls, Ore.; Nevada ft California, Hazen, Nev.,
to Mojave, Cal., 479 m.; Sacramento Southern Ity., Sacramento to Walnut
Grove, Cal., 24 m., of which 9 m. operated; Goose Lake & Sou. Ry., pro
jected Oregon line at Goose Lake to Anderson, Cal.; Oregon East. Ry.,
Weed to Klamath Falls, 86 m.. In operation, thence to Natron under
construction. V. 94, p. 1118, 982.
ORGANIZATION.— Incorp. In Utah In July 1899, per plan in V.68.P.378.
STOCK.— (1) Common Stock. $67,275,500, all held by Southern Pac. Co.
(2) Preferred stock, 4% cumulative, authorized Issue $20,000,000, to be
delivered to Southern Pac. Co. In consideration of Issue of equal amount of
Southern Pac. Co. 4% coll, trust gold bonds; of which delivered on com
pletion of readjustment $12,000,000; Issued for Improvements, So, 400,000;
reserved to be delivered for Improvements and additions at not over
$200,000 yearly, $2,600,000; outstanding, $17,100,000.
DIVIDENDS.— On pref., 4% yearly to 1910, inclusive. On common. In
1906-07, 6% ; In 1907-08. 6% : 1908-09, 6% ; 1909-10, 6% ; 1910-11, 10%.
BONDS.— First refunding mtge. gold 4s, $100,000,000. V. 69, p. 808,
and V. 70, p. 739; V. 78. p. 228; V. 87. p. 225, 285, 479; V. 88, p. 52.
Thirty-year gold 3 Hs, $25,000,000, secured by a second Hen upon all the
properties covered by the 1st ref. mtge. and also by depositwith the trus
tees, as acquired, of all securities and moneys held In any sinking fund of the
Central Pacific Ry., consisting Mch. .31 1912 of $5,667,471 In securities and
$703,726 cash, and by a trust deed upon all the lands covered bym tg. dated
Oct. 1 1870. Sec Mortgage Abstract, V. 69. p. 858; also see p. 851. From
the proceeds of these sinking funds and land sales cancellations of bonds are
made from time to time; to Mch. 31 1912 $11,718,000had been canceled, re
ducing those outstanding to $13,282,000. V. 70, p. 739, 1194.
The 4% guar, bonds on the Lucln cut-off are redeemable at 107 H on
any Int. day since Oct. 1909. V. 79, p. 1641. Guaranty, V. 80, p. 162.
In Feb. 1911 the sale was arranged In France of 25O.00O.OOO francs 4%
35-year coll, trust bonds, guaranteed by the Southern Pacillo Co (the latter
pledging as security for the guaranty part of Its interest In affiliated com
panies, notably the Southern Pacific R R .), the proceeds to be used for
doublc-traoking & other lmpts. V. 92, p. 593, 794; V. 94, p. 130, 1702.
The $8,500,000 outstanding Nevada & California 6% bonds ($15,000,000
auth. issue) were assumed on purchase Feb. 29 1912; also $3,000,000 Cen
tral California Ry.. $1,000,000 Chico ft Northern R R ., $2,500,000 Sacra
mento Southern Ry. and $5,000,000 Oregon Eastern Ry. V. 94, p. J82,
1118.
LAND GRANT.— Total land grant was about 12,000,000 acres, of which
about 7,455,185 acres unsold June 30 1911. Sales In 1910-11, 4o,041 acres.
Land contracts, July l 1911— prln., $437,237; aver, price per acre, $10.89.
REPORT.— Year ending Juno 30 1911, gross, $32,572,588; net, $13 239,
621; other Income. $852,159: int.. taxes, sink, funds, &o., $7,868,643; d Iv
on pref. stock (4% ), $684,000; dlv. on com. stock (10% ). $0,727,550; bal ,
def., $1,188,414. payable to Sou. Pac. Co. under terms of lease, $484,896,
leaving def. $1,073,310.— (V. 94. p. 982, 1056, 1118. 1762.)
CENTRAL RR. OF HAITI.— See page 141.
CENTRAL RR. OF NEW JERSEY.— (See M ap Reading System .)— Oper
ates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, Pa., and the neighboring anthracite coal fields; also southerly
to the seashore resorts of New Jersey and to the Delaware River.
• S e e this company.
M iles.
Lines Owned in Fee —■
M iles.
Jersey City to Phlllipsburg...........72 N e s q u c h o n l n g V alley*................... 17
Sundry branches--------------------------84 Lehigh ft Susquehanna, Phllllpsburg to Union Jet., &o_______ 171
Entire Stock Owned—
Ukes-Darro ft Scranton *......... 5
Wllkcs-llarro
New York St Long Branch RR .,
(
Perth Amboy to Bay Head__ 38 Other lines.....................................
Trackage—
New Jersey Southern RR., Long
Branch to Atslon, fto _________ 76 Union Coal R R ............................ 10
Other lines (no debt)---------------147 Allentown Term, (oper.Jointly). . 3
Other trackage------------------------ 23
Leased (Mostly for 999 Years )—
Dover ft Rockaway R R ________ 5
Total operated July 1912---- 669
Ogden Mine RR *_____________ 10
There are 263 miles of 2d, 41 miles of 3d and 30 miles of 4 tracks.
HISTORY.— Reorganized In 1887 without foreclosure—see plan V. 44. p.
714, 716. Concerning coal properties, see Lehigh & VVUkes-Barre Coal Co.
and Lehigh Coal ft Navigation In "Miscellaneous." In 1901 Reading Co.
acquired $14,504,000 stock. V. 72, p. 88, 136, 241, 391. 721.
DIVS.— \ '91. ’92 t o ’94. ’95. ’96. '97. ’98. ’ 99. '00. ’01. 1902to Nov.’ 12
P e r c e n t-/ 61$ 7 yearly 51$ 5 4M 4
4
5
5
8 yearly (Q -F).
Also special dividends of 2% In Deo. 1909 and In June and Deo. of 1910
and 1911 and June 1912 from proceeds of 0T$% dlvs. each on Lehigh ft
Wilkes-Barre Coal Co. stock owned. V. 89, p. 1410; V. 90, p. 1612.
BONDS.— For general mortgage abstract, see V. 45, p. 402.
The $20,000,000 Lehigh ft Wilkes-Barre consol, serial 4s arc guar. prln.
and Int., and mature $2,500,000 every 5 years beginning Juno l 1915:
$2,691,000 are reserved to retire the 5s due Nov. 1 1912. V. 90, p.1296, 976
Equipment Mortgage 4s; Interest at Liberty National Bank, N . Y . City.
($1,000 each).
Date. Interest. Outstanding. Instal. o f Prin. due Y 'ly.
Ser. C.........................1903 4% A&O
$350,000
Last—Apr. 1 1913
OOT.. 1912.]
RAILWAY STOCKS AND BONDS,
R A IL R O A D C O M P A N I E S
[For abbreviations, A c ., see notes on first page.]
M iles
Dale
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
27
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Central of New Jersey (Concl)—
$1,000 $2,500,000 4 & 5 g
N Y S L Br gen M g Int gu Jointly ($192,000 5s)Ccc
Liberty Nat Bank, N Y
Sept 1 1941
38 1891
1,000
1.062,000
Lehigh A Hud RIv gen M gold guar Jointly.--Ce.c*
1890
Irving Nat Ex Bk, N Y
July 1 1920
500 Ac
1893
600,000
Central RR of Penn— 1st M $1,200,000 ext 19 08..FP
Fidelity Trust Co. Phlla
May 1 1923
3
5K
1,000
Centra! RR of South Carolina— First mtge gold------- c
July 1 1921
300.000
1881
Bankers Trust Co, N Y
£ , fr.
See text
Montreal, London AParis
Central Ry of Canada— 1st M red 105 aft July ’ 13-----July 1 1960
£100
Central Counties 1st M (V 90, p 1169) — ..............
4
M&S
£97,500
Bank of Montreal, Lond
37 1909
1949
500
Cent Ry of So Car— First M $150,000 g gu red___ CP
J A
150.000
Colonial Trust Co, PIttsb
7 1906
Jan 1 1926
6 g
Central Terminal RR— See Minneapolis St Paul A Saul t Ste Marie Ry
100 3.000,000 $2,185. 1 0 0 held by Grand Trun k R y fit Canada
Central Vermont—Stock $3,000,000-----------------------First M $12,000,000 gold traffic guar______AB.c&r All
1899 1.000 Ac 10.732,000
4 g
Q— F May l 1920
Blair A Co, N Y A Bost
1.000
171.000
Car trusts $15,000 or $16,000 due quarterly..........
1905
Q— M Mch’ 13-Mch '15 Blair A Co, New York
Locomotive trusts $20,000 due yearly (V 83 p 751).
1906
80.000
Q— F Nov 1913-1916 Royal Trust Co. Montreal
1,000
121.000
Car trusts $13,000 or $14,000 due semi-annually.. .
1907
A & O Apr '13-Apr ’ 17 Office. Montreal, Canada
1,000
931.000
I * F & A Feb '13-Feb ’21 Blair A Co, New York
Eq tr notes due $49,000 each F & A (V 94, p 350).
1912
100 Ao
200.000
4 g
Montreal A Province Line Ry 1st M guar p & 1___ c
Amcr L A Tr Co, Boston
A A O Oct 1 1950
40.6 1900
1.000
212,000
1909
5 g M A N15 May'13-May ’21 Bankers Trust Co. N Y
C V Trans eq bds g gu $12,000or $13,000 due s-a Ba
1,000
931.000
5g
1912
M A N May'13-M ay’22
do
do ScrB duo $49,000 seml-an guar.__Ba
do
do
Charleston & Savannah—See Atlantic Coast Line R R .
800.000
A J July 1 1953
Charleston Terminal— First M $ 1,000.000 gold.G.c*Ar
1903 1.000 &c
Guaranty Trust Co, N Y
4 SC
250.000
A J Jan 1 1937
1907 1 . 0 0 0 Ac
Equitable Trust Co, N Y
Charleston Un Sta —1st MS400.000 g gu(text) -Eqc* Ar
4 S
1,000 2.720.000
Central Trust Co, N Y
A A O Oct 1 1946
Charleston A West Car— IstM g(S8,000 p m) -Ce.c* Ar
340 1896
1,000 2.380.000
Oct
Guar Tr, N Y , If earned
Income mtge gold non-cum ($7,000 per mile) ..G .c*
1896
Oct 1 1946
1.000
6 g
600.000
1897
Central Trust Co, N Y
A A O Apr 1 1947
Augusta Terminal Ry 1st M gold guar p A 1end_.Ce
1.000
70.000
5 g A A O Oct 1 1932
Rich T A S D Co Rich, Va
Charlotte Monroe & Columbia— 1st M $70,000 g __ c
18 1902
Charlotte Columbia & Augusta— See Southern Ry
Charticrs—See PIttsb Cincinnati Chicago A St Louis
1.000
120,000 5 (6 ) g M A N Nov 1 1913
Chat & Lake Placid—Sar A Lake Placid 1st M g.Co.o
10 1893
32 Nassau St, New York
50,000
6
J A J July 15 1916
8 1896
Chattahoochee Valley—C V RR first mortgage-------State Trust Co, Boston
1,000
230.000
5
J
AJ15 July 15 1920
2444 1900
Consolidated mortgage $280,000____________ ..A B
Amer Trust Co, Boston
1.000,000
4 g J A J Jan 1 1957
1907 1.000 Ac
Chattanooga Stat— 1st M $l,000,000g gu(tcxt)Eq.cAr
Trust Co of America, N Y
Cherryvale Oklahoma & Texas R y— (See V 91 p 870)
1,000 1.000,000
A J July 1 1923
34 1898
Chesapeake Beach— First mtge sec V 81 p 974. -N.c*
In default
100 62,792.600 5 I n f i l l Q— M Sept 30 ’ 12 1 H Office, 71 Broadway, NY
Chesapeake & Ohio—Stock ($100,000,000 authorized)
500 Ac
142.000
A D June 1 1922
Terminal 1st M 1922 covering 8 m to Phoebus g._o*
'16 1882
6g
J P Morgan A Co, N Y
1,000 29.858.000
697 1889
5 g
: A N May 1 1939
First consol mtge for $30,000,000 gold----- C c.c'A r
do
do
1,000 7.000,000
24? 1890
Rich A All Dlv 1st A 2d Ms ($1,000,000 2ds).Cc.c*
A J Jan 1 1989
do
do
is
1,000
26 1890
650.000
Craig Valley Branch first mortgage gold---------Ce.c*
A J July 1 1940
do
do
1,000
400.000
Warm Springs Branch first mortgage gold----- Ce.o*
25 1891
5g
M A S Mch 11941
do
do
1,000 48.129.000
General mortgage (for $70,000,000 Ao) gold— Ce.c* 1.395 1892
444 g M A S Mch 1 1992
do
do
1.000
Paint Creek Branch 1st M $750,000 gold -------Ce.c*
23 1905
539.000
4g
F A A Feb 1 1945
do
do
t*
EARNINGS.— For 2 months ending Aug. 31:
2 M onths —
Gross.
Net.
Charges.
B a l., Stirp.
1912 ________________$5,888,294 $2,754,617 $1,104,244 $1,650,373
1911
4.912,429
2,096,597 1,038.307
1,058.290
ANNUAL REPORT.—The report for 1911-12 was In V. 95, p. 812.
Earnings from—
1911-12.
1910-11.
1909-10.
M erchandise______________________ $10,853,479 $10,377,927)
C o a l ______________________________ 8,188,584
8,718,427 [$24,796,552
Passengers ----------------- ------------------ 5,471,782 5,350,439
Mall, express, A c--------------------------- 1,376,249 1,306,714/
Total operating revenue____ ........ $25,890,094 $25,753,507 $24,796,552
Net earnings_________________ ------- $10,533,014 $10,794,545 $10,871,046
Other Income_________________ _____ 2,210,221
2,352,176
4,321,174
Total net Income.............. ________$12,743,235 $13,146,721 $15,192,220
Interest on debt__________
$2,650,920 $2,697,753 $2,746,083
Rentals p a id .................... . .
2,167,314
2,580,573
2,531,186
1,174,924
T a x e s _________ ___________
769,681
1,502.670
4,000,000
Renewal funds, A c________
3,000,000
2,000,000
3,292,416
Dividends (1 2% )................
3,292,416 ....................
3,292,416
Balance, surplus_________________
$716,656
$855,685 $1,811,483
— (V. 91, p. 1710; V. 93, p.795, 869; V. 94, p. 629; V . 95, p. 679, 749, 812.
CENTRAL RR. OF PENNSYLVANIA.— Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (Pa. Dlv. of N. Y. C. A II. R. R R .). 27.3 miles; branch,
3.4 miles. Current liabilities June 30 1911, $711,796. For year 1910-11,
gross, $89,902; net, $23,455; other Income, $240; charges, $26,930; deficit,
$3,225. Stk., $600,000; par $50. Pres., W. II. Gephart.— (V. 8 8 . p. 1312.)
CENTRAL RR. OF SOUTH CAROLINA.— Owns from Lanes, S. O.. to
Sumter, S. C., 40.2 miles; spurs, Ac., 1.61 m.; total, 41.81 m. Leased to
Atlantic Coast Lino R R .: rental, $31,000 yearly and taxes. Stock, $170,
000; par, $50. In 1910-11. rental, $31,000: general expenses, $262; Int.,
$18,000; divs. (7.2% ). $12,240; balance, surplus. $498.— (V. 64, p. 887.)
CENTRAL RY. OF CANADA— Projected to extend from Midland on the
eastern shore of Georgian Bay on the Grpat Lakes to Montreal, 344 miles,
Ac. Provision has been made to build*from the proceeds of $5,000,
000 bonds the seotlon from Montreal to Ottawa, 110 miles. Including
the Carillon A Grenville R y., 13 miles In operation, and the main line of the
Central Counties Ry. from Hawkesbury to Ottawa, with 54 miles of
branches. V. 93, p. 345, 730, 1259, 1461; V. 94, p. 206, 278, 826. Re
ported under construction Oct. 1912 from MoAlplne to South Indian sta
tion, 28 miles. V. 95, p. 110.
Stock auth., $7,000,000; outstanding Oct. 31 1911. $2,372,000. Bonds.
$5,000,000 1st 5s, “ all sold” ; $2,000,000 were offered in France In July 1911,
and $3,000,000 underwritten In Canada and England. City Safe Deposit
A Agency Co., Ltd., of London, trustee. V. 93, p. 345; V. 94, p. 1185.
1316, 1625; V. 95, p. 110. P re s .,------------------------- ; Seo.-Treas., J. Doug
las Wells, 44 Beaver Hall III11, Montreal, Can.— (V. 95, p. 110, 175.)
$48,090: par, $100. Year ending June 30 1911, gross, $16,683; net, $3,771;
taxes, $790. Pres., Loran A. Kerr: Sec. and Treas., W. S. Blakeney.
Office, Me Bee, S. C.— (V. 89, p. 1346.)
„ CHATEAUGAY & LAKE PLACID R Y .— (See M ap Del. & H udson .) —
Operates from Plattsburg, N. Y ., to Lake Placid. 80 miles, of which Plattsburg to Dannemora, 16 m.. Is leased at nominal rental from State of N. Y .
Stock, S3.450.000, of which $3,000,000 Is 4% pref.. the latter all owned
by D. A II. V. 84. p. 50
Leased to the Delaware A Hudson until Dec. 31
2403, any balance over expenses of operation. Interest, taxes, maintenance,
damages, dividend on pref. stock. Ac., to go to the lessor. The lease Is
subject to revision at 5-year Intervals. There are also $24,000 Saranao A
Lake Placid 2d 5s due Nov. 1 1913.— (V. 81. p. 613; V. 84, p. 50. 930.)
CHATTAHOOCHEE & GULF RR.— Columbia. Ala., to Floralla. 92 m.
LEASE.— Leased In 1900 In perpetuity to Cent, of Georgia R y. for 6 % on
$436,400 stock and $300,000 bonds, of which 1% to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5 % on
stock, payable J-J. See Cent, of Ga. R y.— (V. 87, p. 1663: V. 93. D. 1599.)
CHATTAHOOCHEE VALLEY R Y.— Standing Rock, Ga.. via W . Point;
to Jester, Ala., 32.5 m. Stock auth., $1,000,000: Issued, $110,000: oar.
$100. Bonds, see table above. Year 1911-12, gross, $105,041; net, after
$98C793$-3net7 $:29]2a7r8 eS’ $17,144: bal“ sur" *20.332. In 1910-11, gross.
CHATTANOOGA STATION CO.— Owns union passenger station opened
Deo. 1 1909 and approaches at Chattanooga. Tcnn., used by the Southern
Ry., Central of Georgia, Alabama Great Southern and CIn. N. O. A Texas
Pacific, which each owns one-fourth of the stock and guarantees the bonds
Jointly and severally, p. A 1., by endorsement. Rental covers bond Interest
and 4% on stock.— (V. 84, p. 50.)
CHESAPEAKE & OHIO R Y .— (See M a p .)— Operates from Newport
News, Va., and Wash., D. C., toCln., O.. and Loulsv., Ky., with branches.
Lines owned in fee-rM ile s.
Controlled by stock—
M iles.
Ft.Monroe,Va.,toCovlngton.Ky. 663 Bridge— CovIngton-CIncInnatl _
2
Richmond via Lynchburg, to
Virginia Air Line...... ..................
30
Clifton Forge, Va................... 230 Ches. A Ohio Ry. of Indiana__ 284
Branches In Va. and W .V a ... 592
Lines leased—
Denton, Ky., to Lexington___ 103 Sundry branches leased_______
27
Big Sandy Jet. to Elkhorn City,
Trackage to Louisville________
84
with branch________________ 128 Trackage to Washington, D . C_ 85
Branches In Kentucky..............
5 5 Other trackage.........................
55
_
_ ^
, Total system June 30 1912..2.315
Second track 47/ owned) 575 miles. Also controls Hocking Valley,
350 m., and Kanawha A Mich. (Jointly with Lake Shore), 176 m.; also
owns one-sixth Int. In RIchm'd-Wash. Co.
HISTORY, AC.— In 1888 reorganized without foreclosure. In 1909 a
syndicate headed by Edwin Hawley (now deceased) acquired about $24,
000,000 stock, or virtual control. V. 8 8 , p. 294. Owns $8,825,800 of
$11,000,000 Hocking Val. com. stock; also $4,029,600 of the $9,000,000
Kan. A Mich, stock, the Lake Shore purch. the same mt. V. 90, p. 771,
CENTRAL RY. OF SOUTH CAROLINA.— (V. 82. p. 927.)
V. 91, p. 802, 1095; V. 92, p. 1700. In June 1910 the Chic. Cln.A
CENTRAL VERMONT RY.— Operates from Rouse’s Point, at north end 849,977;
Lou.
(284 m., lncl. 18 m. trackage) was acquired at foreclosure, the Ches. A
of Lake Champlain, to New London, Conn., with branches, 536 miles In all,
Ry. of Indiana being Incorp. In July 1910 to take over the road; $5,
of which 160 miles leased, viz.: New London A Northern (see that co.). 121 Ohio
131,500 stock and $6,208,000 bonds are owned and held In treasury of Ches.
miles; Montvllle Branch, 3: West River R R ., 36 m. V. 6 8 , p. 1076.
SECURITIES, Ac — The Grand Trunk Ry. holds $2,185,100 of the $3. A Ohio Ry. The earnings of the Indiana co. are Included with C. A O.
000,000 8 took. Form of Interest guaranty, V. 85, p. 283. For Central since July 1 1910. V .90, p. 1675; V. 91. p . 93, 214. 802.
STOCK.— Authorized stock was Increased to $100,000,000 April 28 1910.
Vermont Transportation guar. 5% bonds, sec V. 8 8 , p. 1252: guar, bonds
covering 2 steamships. V. 94, p. 910, 1249, 1626, 1695; V. 95, p .749 . In of which $37,200,000 was reserved for conversion of 4 34s. See BONDS.
Fob. 1912 sold $980,000 equipment trust 5s. V. 94, p. 350.
, DIVIDENDS.— !899 to 1908. both lncl., 1 % yearly: la 1909. 3% : 1910,
EARNINGS.—2 mos., j 1912---------- Gross, $751,824; net, $162,290
M ch,.4i '4 % ; 1911,5% (Q.-M.); 1912, Mch., 1 %; Jne, 1 34%; Sept.. 1 34%.
July 1 to Aug. 31.
\1911------- -Gross, 733,311; net, 201.650
, BONDS.—Abstract of consol, mtge. of 1939 In V. 49, p. 147; V. 8 6 . p.
REPORT.— For year ending June 30 1911, V. 93, p 1596
1681i : V. 92, p. 260; of Richmond A Allegheny mtges.. In V. 51, p. 144.
Year.
Cross.
Net. Other Inc. Charges. Im v ts .,A c . Bal.,Su r.
The general mortgage of 1892 (Central Trust Co. and H. T. Wickham,
1911-12. .$4,435,832
$888,789 $59,093 $912,660
$22,269 $12,953 trustees)
for $70,000,000. but additional amounts at $25,000 per mile may
1910-11 - - 4.337.044
957.826 50.331
894,700
23 206
90,251 be Issuedisfor
double-tracking. See full abstract of mortgage In V. 54, D.
1909-10-- 4.088.411
872.355 42.789
827.739
62.631
24.774
In July 1912 $31,131,000 was reserved to retire underlying bonds.
OFFICERS.— Chairman, E. J. Chamberlin; Pres., E. II. Fltzhugh; Clerk, 644.
General
funding
and imp. mort., V. 87. p. 1663: V . 8 8 .P. 157.
and Treas., VV. II. Chaffee, St. Albans, Vt.— (V. 95, p. 749, 1039.
The stockholders voted April 28 1910 to authorize an Issue of $37,200,000
CHARLESTON (S. C.) TERMINAL CO.— ROAD.— Owns terminal .oad, 20-ycar 4 34% convertible gold bonds, redeemable after 1915 at 102 3 4 ,
5.02 m.; 14 wharves, 30 warehouses, 4 cotton compresses, &c. V. 7 7 . and convertible at par, at the option of the holder, Into stock between
p. 148, 298. btock, $200,000, owned Jointly by Atl. Coast Line R R . and May 1 1911 and Feb. 1 1920. The new mortgage authorized April 29
Southern Ry., which agree to make good any deficiency In Interest on bonds. 1911 will, as to lines owned In 1910, secure equally the convertible 434s.
90. p. 771, 848: V. 91, p. 870. 945. 1159, 1574.
EARNINGS.— Gross, year ending June 30 1911, $218,011; net Income V.The
shareholders on April 29 1911 authorized a new mortgage to se$65,408: Int. and taxes, $48,342; bal., sur., $17,066.— (V. 77, p. 146.)
oure an Issue of not exceeding $125,000,000 20-year gold bonds, bearing
CHARLESTON UNION STATION CO.— Owns passenger station at Interest at rates not to exceed 5 % . The new bonds will provide for exten
Charleston, S. C., used by Atlantic Coast Line and Southern Ry., which each sions and Improvements and the retirement of certain equipment and other
owns one-half the stock and guarantees the bonds, p. A I., by endorsement. obligations. Including the $11,000.000 "general funding and Improvement”
Rental covers Interest on bonds and 4% on stock. V. 84, p. 50.
bonds and for other corporate purposes. It will be a first lien on certain
CHARLESTON & WESTERN CAROLINA R Y — Port Royal, S. C.. via securities now In the treasury, Including all of the bonds and stock of the
Augusta, Ga., to Spartanburg, S. C., 245 m.; branches to Anderson and Ohcs. A Ohio Ry. of Indiana, owning 261.7 miles of road: a general lien
Greenville, S. C., 94 m.; leased, 2 m.; total, 340 m. Entire stock and por (subject to prior liens and upon a parity with the convertible bonds on the
tion of Incomes owned by Atl. Coast Line Co. V. 6 6 , p. 38, 335. Dlv. on lines owned April 28 1910) upon the property now owned and become a lien
upon any property acquired by the use of the new bonds. V. 92, p. 880.
Incomes, 2% 1903-04. 3% 1904-05, 5% 1905-06 and 1910-11.
The 3-yr. 4 34% notes ($25,000,000 auth. Issue) are secured by above
STOCK.— $1,200,000; par, $100. See Augusta Term. R y. V. 6 6 . p.383. new bonds; $2 1 ,0 0 0 , 0 0 0 of the notes have been sold, secured by $24,149,000
EARNINGS.— 2 mos., /1912 - - ............. Gross, $257,203; net, $18,519 of the bonds. V. 92, p. 1178; V. 93, p. 1385.
Louisville A Jeffersonville Bridge.— See separate statement for that co.
July 1 to Aug. 31.
\1911---------------- Gross, 285,962; net, 74,456
Of the Orcenbrier R y. 4s of 1900. guaranteed prln. and Ipt., and assumed
REPORT.— For year ending June 30 1912, gross, $1,933,896; net, after
taxes, $360,075 In 1910-11, gross, $1,934,200; net, after taxes, $569,794; In 1903-04, $1,000,000 are reserved for extensions and Improvements. See
other Income, $32,209; Int. on bonds, $291,000; rentals and other charges, guaranty, V. 72. p. 626; see also V. 71. p. 554, 602: V. 79, p. 915. Of the
$66,507; additions and Improvements, $106,505; bal., sur., $137,991. Big Sandy 4s of 1904, remaining $171,000 Is reserved for extensions. V. 79,
Prcs.,^.L IL Cleveland, Spartanburg, S. C.; Sec., R. D. Cronly, Petersburg, p. 917: V. 82. p. 297; V . 87. p. 225, 414, 1418. Guaranty, V. 81. p. 6 6 8 .
Of the $3,000,000 Coal River 4s of 1905, $445,000 Is reserved for exten
sions and Improvements. V. 80. p. 2219; V. 83. p. 693: V. 89, p. 720.
CHARLOTTE MONROE & COLUMBIA RR.— Owns MoBee. S. C.. to
Paint Creek B r. 4s $211,000 reserved for extensions. V. 81. p. 974, 910-.
JofTersoa. 18 miles. In Nov. 1909 Ohio parties secured control. Stock,
Raleigh A Southwestern 4s. V. 84. p. 1114; V. 89, 9 . 720.
[VOL. LXXXXV.
RAILWAY STOCKS AND BONDS.
28
R A IL R O A D C O M P A N IE S
[For abbreviations, A c . see notes on first page]
M iles
Date
Road Bonds
Par
Value
1.000
’Jbes.&Ohio— (Concl.). Coal River 1st Mg ass’cl.Ce.o*
77 1905
$500 Ac
1901
Kineon Coal mtge assumed redeem since Oct 1905.
1,000
Greenbrier Ry 1st M $3,000,000 g assum ed...Eq.c*
101 1900
1,000
Big Sandy Ry first mtge $5,000,000 gold___ Ce.c*
86 1904
1,000
20 1906
Potts Cr Br 1st M $1,000,000 auth(V 83,p 693)Ce.c*
1,000
30 1907
Virginia Air Line 1st M $900,000 g assumed________
1,000
19 1906
Raleigh & Southw 1st M $1,500,000 g assumed. .Ce
Gen fd & imp M $ 11,000,000 red 107 H - Usm .xc* &r ♦ 1,625 1909 1,000 Ac
1910 1,000 Ac
Convert g bonds $37,200,000 red text Usm.xc*&r*
1()1 1
First lien & lmpt mtge $125,000,000 authorized-----1,000
__ 1911
Secured gold notes $25,000,000 red par------------ F.c
Guaranteed bonds—
1,000
1888
Elevator Co 1st mtge gold prln & Int guar.-Ce.o*
1,000
1888
Second mtge for $500,000 Income non-cum...........o*
1895
1,000
Louis & Jeff Bdg 1st M $5,000,000 gu p & 1 en d ..c*
1,000
1898
Norfolk Term & Trans 1st M (V 67, p 322) gu p & 1
1,000
1905
Western Pocahontas Corp 1st M (V 84, p 995)-----1,000
1906
• do
do
do
Extension No 1 ..
1,000
1906
• do
do
do
Extension No 2 . .
1903 1,000 Ac
Rlchmond-Washlngton Co (one-sixth Interest)-----1.000
262 1910
Ches & O R yof Ind— 1st M$30,000.000auth red parBa
Ch C & L mlsc equip contracts to June 30 1912------500 Ac
27 1896
Chesapeake Western— C & W RR 1st; M g o l d .- - .- - N
1,000
41 1901
Chesapeake Western Ry mtge $1,435,000 g .-E q.c*
1,000
36 1905
Chesterfield & Lancaster— 1st M $750,00O g o ld -.K .'*
50
4
hestnut
Hill
RR—
Stock
rental
P
&
R
R
y
...............
Shicago & Alton RR— Common stock.......................
100
100
^Preferred stock 4% non-cumulative.....................100
889 1899 1.000 Ac
Ohio & Alton RR (old) ref M g (see text) IC.xcj'&r'
943 1900 1,000 Ac
1907
1,000
All 1910
1912
New gen M $20,000,000’ g to be auth red see te x t..
1910
1,000
1905
1,000
1906
do
do
Ser D g gu due $113,000 8-a..Ik
1,000
1908
do
Trust
$82,000 Ser E due s-a.............Bj
1,000
1909
do
Trust
Ser F $13,000 due s-a--------------1,000
1910
do
Ser G gu red 101 due $72,000 a n .P eP .c
a Guaranteed lolntly and severally with Cleveland Cincln natl C hicago A
Amount
Outstanding
$2,499,000
S200.000
1,859.000
4,672,000
600.000
900.000
894,000
4,213,000
31.390.000
21,000,000
Rate
%
When
Payable
4g J
5g A
4 g M
4g J
4g J
5 g M
4g J
5g J
41* g F
5
4M g J
&
&
&
&
&
A
&
A
A
A
Last Dividend
and M aturity
D June 1 1945
O Oct 1 1915
N Nov 11940
D June 1 1944
J July 1 1946
N May 1 1952
J July 1 1936
J Jan 1 1929
A Feb 1 1930
20 years
D June 1 1914
Places Where Interest and
Dividends are Payable
do
do
do
do
P Morgan ’ & Co. N
do
do
do
do
820.000
4 g A A O Oct 1 1938
do
do
Oct 1 Oct 1 1988
4
88,500
do
do
a4,500,000
4 g M & S Mch 1 1945
do
F A A Feb 1 1948
do
500,000
5
do
F A A Aug 1 1945
do
750,000
4«
do
do
F & A Aug 1 1945
83,000
4H
do
do
A A O Oct 1 1946
51,000
4H
New York Trust Co, N Y
9.500.000
4 g J A D June 1 1943
Office, 71 B’way, N Y
6.208.000
5
J & .J July 1 1930
Various
111,699 4 & 6
New York Trust Co. N Y
F A A Aug 1 1945
666,000
5g
See text
1,419.000
4 g A A O Oct 1 1951
Knickerbocker Tr Co,N Y
186.000
F & A Aug 1 1955
5g
195,650
6
c — M Sep 41912, 1M Treasurer’s office, Philo
19,542,800 See text. F * A Feb 15 ’ 10, 2% Checks mailed
do
19.544,000 See text. J * J Jan 16 1911,2%
do
879,300 4 in 1912 J A J Jan 15 ’ 12, 2%
First National Bank.N Y
45,350,000
3 g A A O Oct 1 1949
do
do
July
1
1950
&
J
22,000,000
3H g .1
60 Wall Street, New York
.1 A 1) June 1 1922
1,284.000
5
M & S Mch 1 1930
5
As collat.
See text
6 g .1 A J July 1 1932
60 Wall St, N Y
M & s Mch 15 1913
2,500,000
5
Bankers Trust Co, N Y
810,000 4 & 5 g Various To Nov 1915
do
do
904,000
4 g J A 1) Jn'e ’ 13-J’ ne ’ 16
do
do
984,000
4 H g M & N May ’ 13-Nov ’ 18
do
do
F A A To Feb 1919
149,000
4H
Penn Co for Ins, Ac.Phlla
650.000
5 g A A O To Oct 1 1920
St Louis.
Road owned—
M ile s.
Road owned—
M iles.
Chicago to East St. Louis, 111____280 Mexico, Mo., to Cedar City, M o .. 50
Sherman, 111., to Grove, 111_______ 51 Roodhouso, 111., to Kan. C., M o ..251
Eldred to Barnett.................
49 Bloomington to Wann, via Jack
sonville, Godfrey and Upper
Coal City Line, Ind......................... 27
Alton (all in Illinois)................. 158
Dwight, 111., to Washington and
Lacon, 111____________________ 81 Trackage to Peoria, 111., A c---------17
lies to Murrayvllle, 111___________ 34 Leases Rutland Toluca A North. 27
Total owned and operated July 1 1911 (256 m. double tracked)------1.025
Also operates, Jointly with Clev. Cln. Ch. A St. L., from Wann to East
St. Louis, 18 m.,and, with Atch. T .A S. Fe, from Joliet to Pequot, 20 m .
The stock of the Peoria R y. Terminal Co. Is owned by the Chicago A Alton
and Chic. R . I. &Pao. R y., which guarantee the first mtge. bonds ($1,500,
000 auth. Issue) and $280,000 2d mtge. bonds. V. 81, p. 1099: V. 83. p.
752, 1171, 1291; V. 84, p. 451; V. 85. p. 159.
„
, , ,
,
The Rutland Toluca A Northern R R . Is leased for 999 years and Its bonds
guaranteed prln. and int. V. 91, p. 1024; V. 93, p. 408.
ORGANIZATION.— The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. & Alton Railroad.
The two were consolidated In 1906 per plan V. 82, p. 451. the Railway
changing Its name to the C. & A .R ailroad. V. 82, p. 160: V. 70, p. 686, 995.
STOCK.— The cumulative 4% participating and prior lien stock is enti
tled, In addition to prior right to accumulative dividends at the rate of 4%
per annum, to receive additional dividends equal to the rate of dividends
declared on the common stock of the consolidated company. In Aug. 1907
the Toledo St. Louis A Western purchased from the Rock Island the con
trolling Interest, viz., $14,420,000 com. and $6,380,000 pref. stock. V. 88.
p. 468. 529. 792. Union Pac. owns $10,343,100 pref. stk. V . 84. p. 1484;
V . 9 5 ,p.361.
DIVIDENDS.— Semi-annual dividends of 2% on pref. and participating
and prior lien stocks paid July 1906 to Jan. 1911, lncl., and In Aug. 1908
1% and In Feb. and Aug. 1909 and Feb. 1910 2% each extra on participat
ing stock; Aug. 1911, 2% on prior lien stook, with no extra; Jan. 1912. 2% .
V. 93, p. 44. 406. Dlv. on com., 1%, paid Aug. 15 1908; 1909, 4% (F. A
A .); 1910, Feb., 2% ; none since. V. 91, p. 214.
BONDS.— First lien (old Ry.) 3 Hs of 1900, V . 71, p. 1021: V. 82, p. 451.
The Railroad (old) mtge. securing the 3s of 1899 will provide funds for Im
provements and extensions. Bonds in excess of $40,000,000 were to be
issuable thereunder on vote of two-thirds of stockholders for extensions o!
not over 500 miles main track, at not exceeding $20,000 per mile, to fund
Total earnings................................. $34,289,870 $32,583,411 $31,237,160 leased line rental obligations and for future betterments not to exceed
Operating expenses_________________ 22,635,681 21,793,615 18,936,699 $5,000,000. at not over $1,000,000 per annum, from Jan. 1 1900. In July
1911 $45,350,000 were outstanding. V. 69, p. 178; V. 69, p. 26, 129, 541,
Net earnings................................... $11,654,189 $10,789,796 $12,300,470
V 70, p. 429, 739, 995; V. 79, p. 211, 967; V. 84, p. 480. 507. 626, 803, 809:
Other income........................................ 1,808,563
1,500.815
1,161,365 V. 88, p. 99, 293. Joint equip, notes, $9,500 due Dec. 15 1912.
In Mch. 1910 $2,500,000 3-year 5% secured notes were sold, secured by
r•Total net Income____________ ___ $13,462,752 $12,350,611 $13,461,835 deposit of $3,500,000 "equipment and Improvement” 5% bonds, Into which
$8,056,473 $6,297,605 the notes are convertible at par. Notes are subject to call at par since
Interest on bonds, rentals, &c— ___ $8,174,326
1,065,853
873,744 March 15 1911. See below. (V. 90. p. 697, 771, 1296, 1424.)
T ax es________________________ ___ 1,014,220
D ividen ds..................................... . . . (5)3,139,627(5)3.139.625(4 H ) 2668617
In June 1912 It was arranged to substitute for the present authorized
$18,000,000 Improvement and equipment mortgage (under which bonds
Balance, surplus_________________ $1,134,579
$88,660 $3,621,869 are only outstanding as collateral) an Issue of $20,000,000 of 6% gold bonds
be secured by a general mortgage on the property to provide for double
OFFICERS.— Chairman, Frank Trumbull; Pres., George W. Stevens, to
tracking, enlargement of terminals and other Improvements, Ac. ur the
Richmond, Va.; 1st V .-P., Decatur Axtell; 2d V.-P., II. T. Wickham; 3d bonds,
have been sold for present requirements (it was stated ror
V.-P., F. M. Whitaker; 4th V.-P., M. J. Caples; Sec.-Treas., James Steuart account$4,500,000
of Union Pacific.) Bonds to be redeemable at a premium of notmore
MacKle; Comp., L. F. Sullivan.
i •Directors.— Frank Trumbull, Chairman; Frank A. Vanderllp, T. P. than 7 H % . V. 94, p. 1565, 1695; V. 95. p. 749.
LATEST EARNINGS.J1911-12..Gross, $14,535,722; net. $3,188,865
Shonts, H. E. Huntington, Decatur Axtell, George W. Stevens, Thomas H.
14,592,519; net, 3,723,278
Hubbard, F. H. Davis, James H. Dooley. N. Y. office, 71 B’ way.— (V. 94, 12 m o s ., July 1 to June 30.\1910-11.Gross,
p. 487, 629, 766, 910, 1695; V. 95, p. 358, 743, 757. 1039.) *..<-**«
R E P O R T .-F o r year ending June 3 0 W U was In V . ^ p . 1 5 2 7 . ^
CHESAPEAKE & OHIO RY. OF INDIANA,— Owns Cincinnati, Ohio, to
$14,592,519 $13,358,475 $12,500,682
Indlana-Ullnols State line, 260.7 miles; trackage rights, 23.7 m.; total ojper., Gross earnings
O w r a tlnexpenses
i^ e x p e n V e V ///////////////. ___________
10,446.636
8.640,207
7,408,598
284.4 miles. Incorp. In Indiana July 2 1910 as successor to Chicago Cine. Operating
& Loulsv. R R .. sold In foreclosure June 23 1910. V. 91, p. 93, 37; V. 90,
$4,718,268 $5,092,084
p. 1675, 1424, 1362. Stock $5,131,500, and bonds, $30,000,000, dated
4$,704,206 $5,186,101
July 1 1910 (present Issue $6,208,000), all owned by Chcs. & Ohio and Net Income.............................................
443,169
367,537
698,500
to be deposited under its new mtge. authorized Apr. 29 1911. For year Hire of equipment and rental.............
447,434
380.153
____ ____________________ 4 2 2 ,0U4
ending June 30 1911, gross, $1,532,738; op. def., $143,359. Earnings lncl. Tsxcs
2,457,995
2.531.120
Interest on bonds, A c...................—
2,537,224
In Ches. & Ohio.— (V. 93, p. 939; V. 94, p. 1695; V. 95, p. 47,175.)
241,024
241,024
Dividends on guaranteed stocks.........
247,774
42,596
291.065
CHESAPEAKE WESTERN RY.— Owns North River Gap. Va., to Discount on securities written off----1
(6)52,758
(8)70,344
Bridgewater, 14 m.; leasesiror 99 years from May 1 1902 Chesapeake & Dividends on prior lien stock...........(2%) 17,586
(4)781,700 (4)781,700
Western R R ., Bridgewater to Elkton, 27 m.; total, 41 m. Projected to tlde- Dividends on preferred stock...........(2%)390,880
(2)390,856 ....................
(4)781.712
waterjon Chesapeake Bay, and westerly Into West Virginia coal fields, of Dividends on common stock......................... ........ ....................
whloh 14 m., from Bridgewater to North River Gap. Is completed. In 1908
Balance, deficit.................................
$250,992
$153,386
$258,620
all the stock and bonds were acquired by W . E. D. Stokes. V. 86, p. 1041.
•Stock authorized, $10,000,000; outstanding, $1,419,600; of which $608,
OFFICERS.— Pres., B. A. Worthington; Chairman Executive Committee.
400 is pref. Ches. &West. R R . has $533,500 common and $27,600 pref. Thos. H. Hubbard; Sec. and Treas., James Steuart MacKle.
stock outstanding. C. W . R y. mtge. of 1901. V. 73. p. 899, 1356. Year
Directors.—J. J. Mitchell, Thomas II. Hubbard, Joy Morton. F. H . Da
ending June 30 1911 (41 miles), gross, $87,918; net, $32,789; other income
Edward Tllden, W m. G. Beale, B. A . Worthington, Samuel Insull.
$33,305; lnt. on bonds, $56,760 (not paid); taxes, rentals, Ac.. $44,332; vis;
Robert
S. Lovett, Louis J. Spence and Julius Kruttschnltt.— (V. 95, p.
bal., def., $34,998. Pres., W . E. D. Stokes. The Ansonla, N. Y .; Seo. and 889.)
Treas., W. H. Hall.— (V. 78, p. 2383; V. 86, p. 980, 1041. 1284.)
CHICAGO BURLINGTON & QUINCY R R .— (See M ap.)— ROAD.— Op
CHESTERFIELDS"LANCASTER RR.— Ows Cheraw. S. C „ to Page- erates a great system of roads extending from Chicago westerly, reaching St.
land and Coburg, 38 miles. Bonds (limited to $750,000) issuable at $o,000 Paul and Minneapolis, Minn.; St. Louis and Kansas City, Mo.; Omaha, Neb.;
per mile. V. 81, p. 1790. There were outstanding June 30 1911 $67,000 Denver, Col.; Cheyenne, W yo.: Black Hills, S. D., and Billings, Mont. The
2d 6s due Jan. 17 1918. Stock, $500,000. a majority being acquired In accompanying map shows clearly the system, viz. (In miles):
June 1909 by the Seaboard Air Line R y., par, $25. For year ending June Lines east of Missouri River___ 4.3881 Lines leased.. ........................... 267
30 1911, gross, $82,178; net, $45,266; charges, $24,509: bal., surp., $20,757. Lines west of Missouri R iv e r ... 4 ,347[Narrow-gauge lines.................. 73
In 1909-10, gross, $70,984; net, $33,866. Pres., C. H . Hlx; Treas.,.R. L.
Total operated June 30 1911_____________________________________ 9.075
Nutt.— (V. 89, p. 40.)
In Dec. 1908 $23,657,500 of the $31,000,000 Colorado A Southern com.
CHESTNUT HILL R R — Owns from Germantown to Chestnut Hill, Pa.. stook (practically a controlling Interest) was acquired, affording connec
4 m.; being double-traoked May 1902. Re-leased In 1896 to Phlla. &Read, tions with the Gulf of Mexico, the C. A S. system Including trackage aggre
R y., the rental being reduced from 12% to 6% on stook, the latter being In gating 2,769 miles. V. 87. p. 1663; V. 88. p. 157, 685. Extension from
creased In June 1902 from $120,650 to $195,650.— (V. 75, p. 76.)
Kirby to Thermopolls, W yo., 11 miles, was opened May 1910, and a further
CHICAGO & ALTON RR.— (See M a p Toledo St. Louis & Western.)—
extension of 94 miles to the Powder River Is under construction, In addition
ROAD.— Chicago to St. Louis, Kansas City, Ac., In all 998 miles.
to 30 m., Scribner to Fromberg, Mont., and 25 m., Hudson to Greeley, Col,
Series. Date.
Car Trust 4% Cold (Denomination $1,000 each).
Outstanding.
Mature in Installments.
~
Aug. 1913 Last installment.
1903...........................$200,000
Dec. 1912-Deo. 1913
50.000 s.a.
1903......................... 150.000
Dec. 1912-Deo. 1914
35.000 s.a.
1904......................... 175,000
90.000 s.a.
April 1913-April 1915
1905......................... 459,000
April 1913-April 1916 $80,000 s.a.
1906.................
560,000
50.000 s.a.
Dec. 1912-June 1916
1906......................... 400,000
95.000 s.a.
Feb. 1913-Aug. 1916
1906......................... 760,000
80.000 s.a.
A pr.15 ’ 13-Oct. 1916
1906 ....................... 640,000
Jan. 1913-Jan. 1917 112.000 s.a.
1907............ .......... 1,008,000
113.000
s.a.
Feb.
1913-Feb.
1917
1907......................... 1,017.000
To N o v .1 1915.
R . Co.” 1910........... 132,000
All owned,
f "A ” guar____ 4,800,000
do
do
C. &O. I‘‘ B” guar____ 640,000
do
do
i Equlp’t'i “ C” guar____ 470.0OO
do
do
ICorp’n |" D ” guar........1,750,000
|.
i " E ” guar____ 625,000
Interest paid semi-annually as Indicated by maturity date: "C ,” ” E” and
“ F ” at office of Blair &Co., N. Y.; " D ,” "G ” and H ” at Fidelity Trust
Co., Phlla.: “ I ," “ J,” “ L” and "M ” at Blair & Co.; “ K ” at Guaranty
Trust Co.: “ M. R. Co.” at St. Louis Union Trust Co.;. C. &O. Equip. Corp.
at Mercantile Trust C o . ........................ - • • •
*t»»l • •*
’ ‘
FINANCES.— In June 1910 dividend rate was Increased from 4% to 5%
and In Dec. 1911 that of Hock. Val. Ry. to7% and of Kanawha & Mich. Ry.
to 5% . In April 1911 sold $16,000,000 3-year 4)4% notes and In Mch. 1912
$3,500,000. As to notes and new $125,000,000 bond Issue of 1911, see
BONDS above.
EARNINGS.— 2 mos., (1912.......... Gross', $6,016,272; net. $2,114,254
IfcJuly 1 to Aug. 31.
\1911_____ Gross, $5,736,721; net. $2.096,643
ANNUAL REPORT.— Fiscal year ends June 30. Annual meeting Is held
at Richmond on the Tuesday preceding the last Tuesday in October. Re
port for 1911-12 was given at length In V. 95, p. 743, 757.
1909-10.
>, Year ending June 30—
1911-12.
1910-11.
1,937
Miles operated_____________________
2,263
2,229
Passenger earnings.........................— $5,505,536 $5,512,932 $5,002,205
Freight ___________________________ 27,261,475 25,590,027 24,901,200
1,333,764
1,480,452
Express, mall and miscellaneous......... 1,522,859
*D”
” E”
••F”
••G”
"H ”
” 1”
••J”
"K "
.L”
"M ”
“ M.
RAILWAY STOCKS AND BONDS
Oct., 1012.J
30
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
IFor abbreviations, & c„ see notes on first page]
Miles Date
Road Bonds
Chicago & Alton (Concluded) —
Kansas City St Louis & C preferred stock guar___
162 __ _
Joliet & Chloago 7% stock perpetual guar by C & A
37
101
Louisiana & Missouri guaranteed preferred stock-Rutland Tol & No 1st M g gu red beg Oct’ 15-NCc*
27 1910
Chicago Burlington & Quincy— Stock...........................
Gen mtge $300,000,000 lawful money___ Cc.c*Ar* 8.599 1908
Illinois Dlv first mortgagel $85,000,000 currency \1,648 J1899
11899
(V. 83, p. 625: ▼. 69. p. 283) / redeem at 105 - - NB /
Sinking fund Iowa Dlv 5s (coll trust) drawn at 105- t 891 /l879
891 1879
Sinking fund lo a dlv. 4a drawn at 100_______ oAr
1881
Sinking fund 4s (So W Dlv) drawn at 100_____c* Ar
370 1881
Denver exten (coll tr> bonds s f drawn at 100-NB.c*
1883
xDebentures for Hannibal & St Joseph stock----- o*
xNebraska ext $20,000 p m (s f not drawn). NB.c*Ar 1,471 1887
xB & Mo RR In Neb) Land gr s f drawn at 100.NB 1 . . . /1878
11878
xCons M $14,000,000/
do
drawn since 1908— /
59 1880
Nod A Tar Val RRs 1st mtgs s f (drawn at par)_. o*
90 1879
xRep Val 1st M guar (red at par) s f $14,000 yrly.-C
Chic. & E III— Pref stb 6% non-cum($ 15,000,000 p m)
9 1880
Danville & Grape Creek R R — 1st M assumed----- o*
14 1881
First mortgage extension.. ------------ ---------------o*
191 1884
Consolidated mortgage (for $5,948,000) gold__Ce.c*
817 1887
General consol and 1st M $30,000,000------C e.c'A r
Ohio & Ind Coal— 1st M $25,000 p m assum.-Mp.c*
176 1885
__ 1881
Evansville Terre Haute & Chicago Income mortgage
Refund & Imp M (text) g red at 102)4--Ba.xo*Ar*
817 1905
Pur inon 1st 1Coal bds $7,000,000g red text Ce.xcAr
1912
Evansv & T H 1st consolidated M gold______F.c*
144 1881
Mount Vernon Branch mortgage gold---------F.c*
25 1883
Sullivan Co Coal Branch mortgage gold----- F.c*
1890
199 1892
First general mtge for $7,000,000 gold----- F.c*
1911
Refunding mortgage $1,284,000 red par— . N
Evansville & Ind 1st M gold guar--------------- F.c*
54 1884
Cons M ($2,500,000) g gu p & 1 (end) EATH F.c*
134 1886
Car trusts Including lnt Oct.’ 12 due $10,921 mthly.
1903
O A E I Equip bonds Ser C A D due $68,000 seml-an
1905
do Series E due $125,000 s-a (V 81 p 1043) -Ba
1905
b $735,000 and c $6,863,000, canceled, not Included d $2.8 58,000;
i $77,000; k $726,300. x See option of exchange for genera 1 M 4s.
Of which In treasury June 30 ’ l l , i$2,000.
Par
Value
$100
100
100
100 &c
100
1 000 Ac
l.OOOAc
1,000 Ac
1,000
1,000
1,000
100 Ac
1,000
1,000 Ac
600 Ac
600 Ac
1,000
600 Ac
100
1.000
1,000
1.000
1.000 Ac
1,000
1,000
1.000 Ac
1,000
1,000
1,000
1,000
1,000
50 Ac
1,000
1,000
1,000
1,000
e $5,001
V. 88,
Amount
Outstanding
Rate
%
When
Payable
[VOL. LXXXXV.
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
$1,750,000
6
Checks mailed
Q— F Nov 1 1912
1,500.000
7
do
do
Q—J Oct 7 1912
F A A Aug 1 1912
7
329,000
do
do
A A O Oct 1 1930
225.000
4g
Northern Tr Co, Chieago
110,839.100 8 In 1911 Q —M 25 Sept25 1912 2% N Y, Boston A Chicago
M A S Mch 1 1958
61.106.000
4
Bank of Commerce, N Y
50,835.000
3)4 J A J July 1 1949
do
do
J A J July 1 1949
34.165.000
4
do
do
5
A A o Oct 1 1919
b2,274,000
do
do
A A o Oct 1 1919
4
c5.639.000
Bank of Com N Y ; 4 Bo»
4
M A s Sept 1 1921
d3,528,000
do
do
F A A Feb 1 1922
4
do
do
e7,310,200
M A N May 1 1913
7,411,000
5
do
do
M A N May 1 1927
122,839,000
4
do
do
J A J July 1 1918
Bank of Commerce, Best
213,613,000 /
6
J A J July 1 1918
do
do
1 6
J A D June 1 1920
170,000
7
Second Nat Bank,Boston
J A J July 1 1919
k932,800
6
Bank of Commerce, Boat
0—J Oct 1 1912 1 J4 Hanover Nat Bank, N Y
12,146.500 6 In 1912
M A N May 1 1920
Central Trust Co, N Y
97.000
6
J & 1) Dec 1 1931
Fourth Nat Bank, N Y
91,000
6
Central Trust Co, N Y
2,736,000
6 g A A () Oct 1 1934
M A N Nov 1 1937
do
do
21,085,000
5
Metropolitan Tr Co, N Y
4,626,000
J A .1 Jan 1 1936
5
Farmers’ L A Tr Co, N Y
\r A N May 1 1920
$150,000
6
Bankers’ Trust Co, N Y
15,996,000
4 g ,i A J July 1 1955
F A A Feb 1 1942
5,031,000
5g
Bankers Trust Co, N Y
3.0O0.000
6 g J A J July 1 1921
do
do
375,000
6 % A A O Apr 1 1923
do
do
A A o Apr 1 1930
450,000
5g
Bankers Trust Co
3,175,000
5 g A A o Apr 1 1942
New York
See text.
.1 A J July 1 1941
5
Bankers Trust Co, N Y
647,000
6 g ,1 A J July 1 1924
do
do
1,853.000
6 g J A J Jan 1 1926
To April 5 1913 First Nat Bank, Chicago
65,526
340,000
4)4 J A J To Jan 1 1915 Blair A Co, New York
do
do
750,500
4 )4 g F A A Feb ’ 13-Aug’ 15
,500: f $6,6 02,000 In sinking f und (canceled); g $10,103,800;
p. 1060. 11 27. 1559; V 89. p. 40.
t Mostly owned by Erie Railroad
ORGANIZATION, Ac.— A consolidation In July 1875; since merged and the Evansville Belt stock par, calling tor $3,209,300 pref. and increas
Chicago Burlington & Northern, Kansas City St. Joseph & Council Bluffs, ing total amount of pref. Issued to $ 12,201,300; remainder reserved for new
Hannibal & St. Joseph, Burlington & Missouri, Ac., &c.
mileage at $10,000 per mile. V. 92, p. 1374, 1435; V. 93, p. 229, 588.
The St. Louis A San Francisco R R . has given In exchange for the com
In 1901 $107,013,500 ot the $110,839,100 stock was exchanged lor the
Joint 20-year 4% bonds of the Gt. Northern and Northern Pacific, secured mon and pref. stock Its stock trust certificates at the rate of $100 thereof
by the deposit of the stock In trust, on the basis of $200 In bonds for $100 for each $100 share. V. 75, p. 289. All of the $7,217,800 common, and in
stock. See circular, V. 72, p. 871, and application to list, V. 73, p. 293. June 1912 $8,276,000 of the $12,146,500 pref. then outstanding, had been
exchanged on this basis. The S t.L . A S .F .has the option to retire the trust
and description ot bonds under Great Northern.
at any time at $250 per $100 com. stock trust certificate and $150 per
DIVS. 1 ’98. ’99 to Sept. ’01. '02 to July ’07. Oct. ’07. ’08 to Sept 1912. certs,
$100 pref. stock trust certificate, payable In gold, and obligates Itself to pay
P erce n t/ 5H
6 yearly.
7 yearly.
8
8 y ’ly (quar)
off entire Issue In 40 years from July l 1902 at same rates, meanwhile obli
BONDS.— In April 1909 the holders of bonds of various Issues (marked gating Itself to pay 10% dividends on the com. and 0% on the pref. trust
" x " above) were offered the option of exchange for general mortgage 4%
certificates, respectively, these amounts being equivalent to 4% on the
bonds on certain terms. V. 88, p. 1060, 1127, 1559: V. 89, p. 40, 720. principal sum to be eventually received In payment therefor. Upon failure
1141. The general mortgage bonds ($300,000,000 auth. Issue, Interest not to pay any dividend within 30 days after demand therefor, any holder
to exceed 5%)are a first lien on about 3,401 miles of road,and on retirement may surrender the certificates to the trustee and receive the shares repre
of the outstanding underlying bonds, for which bonds are reserved as below sented thereby. V. 75, p. 289, 393, 1031; V. 82, p. 48. A majority of
noted, will be a first lien on the entire mileage owned, aggregating 8,599 common stock trust certificates were In 1905 exchanged for certificates In
miles. The generals have been Issued or are Issuable as follows (see V. denominations of $1,000 each, representing 4 shares of common stock, bear
86, p. 1342, 1406: V. 88. p. 504. 685; V. 92, p. 525):
ing 4% lnt.. and payable in 1942 at face value. See form, V. 80. p. 1856.
To retire outstanding bonds (lncl. $17,428,300 In sink, fds.) - -$177,000,000
DIVS.%-1 ’02. ’03. ’04. ’05. '06. ’07. ’08. ’09. ’ 10. ’ l l .
1912.
Issuable for reimbursing the treasury for outlays already made
On pref-. V 6 6 6 6 6 6 6 6 6 6
1 H .l >4.1 tf .1 K
by It for betterments and additions ($22,000,000 sold)___
45.000,000 O
ncom --J 6
6
8
5
8 10 10
7
8
914
5 — -------Issuable for additions, Improvements and betterments of and
BONDS.— The general consol, and first mtge. of 1887 (trustee, Central
78.000,000
to the mortgaged property (of which $13,724,000 sold)___
In Jan. 1909 $20,000,000 general 4s were sold, of which $13,724,000 were Trust Co.) provides for the retirement of $6,307,000 prior bonds and for
used to purchase $23,(557,000 Colorado A Southern common stock, and In Issue of bonds on new road at $18,000 per mile for single track; also for bonds
for equipment at $7,000 per mile and for double track at $8,000 per mile.
Feb. 1911. $8,000,000. V. 88. p. 685; V. 92, p. 525.
The Iowa Division bonds are a first mtge. on the main line In Iowa from In 1897 Issue was limited to $30,000,000. Bee V. 64, p. 1088; V. 78, p.
Burlington to East Plattsmouth, on the Missouri River, 272 miles, and on 1446; V. 79, p. 1331; V. 80, p. 1728; V. 81, p. 1550; V. 85, n. 1645.
621 miles of branches and 86 miles of second track. These bonds have a
Of the refunding and Improvement gold 4s of 1905 ($55,000,000 auth.
sinking fund of 1 54% ($203,800) yearly, for which the 4s are subject to call Issue), $4,378,000 arc reserved for additions and Improvements, Including
at 100 and the 5s at 105. The single main line and branches covered “ shall equipment, and $34,626,000 to retire, $ for $. $30,000,000 gen. consol, and
not exceed In the aggregate 900 miles.” at $16,000 per mile; on second track 1st 5s of 1937, Issued and Issuable, and $4,626,000 Chicago A Ind. Coal 5s.
additional $14,000 per mile. V. 65. p. 462.
V. 80, p. 1424: V. 81, p. 1436; V. 88, p. 451: V. 90, p. 558; V. 92. p. 117;
The Nebraska Extension bonds of 1887 are Issued at $20,000 per mile for V. 93. p. 588; V. 94, p. 487.
single and $10,000 per mile for second track on not exceeding 1,500 miles.
Ot the purchase-money first lien Coal bonds ($7,000,000 auth. Issue).
Now a direct first lien. Abstract of deed, V. 45, p. 441; V. 85, p. 721.
$2,680,000 were sold In 1912 to provide for purchase of coal properties in
Burlington & M issouri R R . in Nebraska consol, mtge. of 1878 Is now a
Illinois and Indiana, aggregating about 27,000 acres of coal in fee and
l 3 t M. or 1st coll, lien; they arc subject to call for the sink, fund at par.
Including four developed mines. The remaining $4,320,000 (of which
$2,351,000 have been sold) arc reserved under restrictions to purchase
EARNINGS.— 12 mos.,/1911-12-.Gross, $86,723,068; net, $26,076,119 additional coal properties, and, to the extent of $1,500,000, bonds may
July 1 to June 30.
11910-11 --Gross, 88,272,208; net, 28,730,282 be used for development Improvements, equipment, Ac., provided In
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1910-11 either case the surplus earnings , after all charges for last previous fis
cal year, shall have been at least $1,000,000. Cumulative sinking fund
was la V. 93, p. 1100, 1116 (see also editorial, p. 1154), showing results:
2 cents per net ton during five years beginning April 1 1912, 3 cents dur
1910-11.
1909-10.
1908-09.
Average miles______________________
9,072
9,023
9,023 ing the next ten years and 4 cents yearly thereafter. Bonds are sub
Freight .........
$58,033,243 $58,224,537 $52,240,921 ject to call. In whole or part, on any lnt. day at 105 and lnt., or at 102)4
Passenger__________________________ 22,652,567 22,380,305 19,585,305 and lnt. for sinking fund. V. 94, p. 629; V. 95, p. 1039.
EARN ING S— 2 mos., / 1912...............Gross, $2,745,430; net, $770,135
Mall and miscellaneous_____________
7,686,398 7,264,(575 6,786,403
July 1 to Aug. 31.)
11911________ Gross, 2,600,487; net, 858,510'
Gross earnings____________________ $88,272,208 $87,869,517 $78,612,629
REPORT.— For 1910-11 was In V. 93, p. 1456.
Operating income after taxes_______ $25,574,069 $21,723,533 $21,376,207
Years
ending
June
30—
1911-12.
1910-11.
Inc. or Dec..
Other Income.............
2,174,699
2,523,694
943,847
Operating revenue________________ $15,215,513 $14,880,409
4- $335,104
$27,748,768 $24,247,227 $22,320,054 Operating Income (after taxes)_____
Total Incom e.................
3,889,169
4,313,343
— 424,174
Interest, sinking fund, A c..................... $10,905,005 $10,938,481 $9,948,973 Net (Including other income)............. 4,718,361
5,219,097
— 500,736
.... .r mwl
iUWl
Betterm ents-,-_________ __________
4,826,755
3,329,006
2.237,081 Interest
3,677,331
and rentals ---------------------- 3,660,562
— 16,769.
Dividends on stock (8%) .. ................. 8,867,128
8,867,128
8.867,128 Dividend on preferred stock (6 % )—
591,963
529,842
— 62,121
— 324,81 1
Balance, surplus.............................. $3,149,880 $1,112,612 $1,266,872 Dividend on common stock_________ (5)360,890(9)4)685,691
DIRECTORS.— Darius Miller (Pres.), Geo. B. Harris, Chicago, 111.; J. J.
Balance for year (surplus)- _ - .........
$104,946
$326,233 — $221,287
Hill, Howard Elliott, St. Paul, Minn.; James N .. Hill, Geo. C. Clark,
OFFICERS.— Chairman Exec. Comm, and Board, B. F. Yoakum, N. Y.;
W. P. Clough, Edw. T. Nichols, Norman B. Ream, Geo. F. Baker and Pres.,
B.
L.
Wlnchell,
Chicago;
V
.-P.,
C.
W
.
Hillard,
N. Y.; See., J. S.
Samuel Thorne, N. Y .— (V. 94, p. 278, 1695; V. 95. p. 236, 480.)
Ford, Chicago: Treas., J. P. Reeves, Chicago. N. Y. office, 71 B'way.—
CHIC. CINCINNATI & LOUISV. RR.— See Ches. & Ohio Ry. of Indiana. (V. 93, p. 1456; V. 94, p.122, 206, 487, 629; V. 9o, p. 110, 749, 1039.)
CHICAGO & ERIE RR.— (See M a p Erie R R .) — Owns from Marlon, O.,
CHICAGO & EASTERN ILLINOIS RR.— (See M a p S t . L . & San F r .)—
Hammond, Ind., 249 miles, and leases trackage over Chicago A West Ind.
Operates road (double track to Danville Jet., 106 m.) from Chicago, 111., to to
to
Chicago, 20 miles. Erie R R . Co. owns entire 5100.000 stock.
Terre Haute, Ind., and bituminous coal fields; also to Thebes and Joppa. Ill
BONDS.— The first mortgage (trustees, Central Trust Co. and Edward
Lines Owned in Fee —
M iles Evansville to Terre Haute______109
Daniels)
covers 249 miles of road, the contract with the Chicago & Western
Dolton to Danville, 111---------------107 Branches to Mt. Vernon, A c___ 50
Danville, 111., to Brazil, Ind--------61 Evansville Belt_________________ 5 Indiana, $1,000,000 of that company’s stock and $240,000 stock of Chloago
Momence Jet., 111., to Brazil, Ind.130 Other__________________________ 2 Belt R y. See abstracts. V. 51, p. 911; V .G l.p .7 5 0 .
Controlled and operated—
Danville Jet., 111., to Thebes, 111-277
EARNINGS.— 2 mos., J 1912 .................Gross, $935,150; net, $50,852
Joppa Jet. to Joppa, 111_________ 16 Ev. & Ind. R R ., Evansv. to Terre
July 1 to Aug.
g. 31.
11911\ U )ll........... ---Gross, 869,041; net, 131.781
Haute via Worthington, Ac. .146
Clssna Jot. to Clssna Park, III__ 11
For year ending June 30 1912, gross, $5,271,096; net, $599,970; other
Other Trackage, & c .—
Rossvllle Jet. to Sldell Jet., I ll-- 34
Ino.. $87,434; lnt.. taxes, Ac., $ 1 ,8 5 1 ,6 5 3 ; lmprov’te. $137,032; ba l„ def.,
Percy Jet. to La Crosse, Ind_____ 46 Pana, 111., to East St. Louis___ 85
Milford Jet., 111., to Freeland, Ind 11 Chicago to Dolton, Ch. & W. Ind. 17 $1,310,281. In 1910-11, gross, $5,293,762; net, $957,906.
Coal Bluff, Ind., to Casey, In d -. 7 Otter Creek Jot. to Terre Haute. . 6
CHICAGO GREAT WESTERN RR.— Forms the "Corn Belt" route,
Woodland, III., to Villa Grove__ 62 Other lines---------------------------------- 38 radiating from Oelweln, Iowa, northeily to St. Paul, easterly to Chicago
Findley, 111., to Pana___________ 20
and southerly and westerly to Kansas City and Omaha.
Total operated July 1912__ 1,275 Lines owned..........
Branches to Coal Mines__________ 15
Operated under agreement.
M iles.
(total, 750 miles) . M iles.
Rossvllle Jet. to Judyvlllc, Ind_14 Double track----------------------------- 177 Chicago to St. Paul------------------- 400 Mason Cy& Ft.Dodge,38G m..vlz.:
Hunt’s Extension_______________ 7
Oelweln, la., to Coun’ l Bl’ ffs 259
Oelweln
to
St.
Joseph---------------290
Also leases to other companies Rockville extension, 23 miles.
Hayfleld,Mlnn.,to Clarlon.Ia. 100
Bee Creek to B ev erly------------------33
Branches to Lehigh and Coal
HISTORY. LEASES, Ac.— In August 1902 the St. Louis A San Fran, Sumner to Waverly----------32
ville, Iowa_________
19
acquired the greater part of the stock, as said below. In 1911 merged the Mantorvllle and Cedar Falls,
Trackage—
Evansville & Terre Haute, theretofore controlled. See STOCK below.
branches____________
14
The Chicago A East. 111. owns $1,000,000 stock of Chic. A Western Ind. Leavenworth to Kansas City------ 1 Council Bluffs, la ., to So. Oma
ha, Neb...............
8
Trackage (total, 77 miles)—
STOCK.— Common stock outstanding was $7,217,800 ($15,000 per
mile); preferred, $8,830,700. In addition, $6,408,300 common was held In St. Paul to Minneapolis-------------- 11 WIs.Minn. APac.RR.,277 miles,
Mankato to Red wing, Minn.
96
trust by Trust Co. of America In July 1912 as a part of “ trust assets” under Chloago Terminals...................- - - 10
Red Wing to Osage, la _____ 118
agreement dated July 1 1905, for Improvements, acquisitions or refunding, Galena Jet., 111., to Dubuque, la . 14
Winona to Simpson, Minn—
54
to be terminated on satisfaction of the St. L. & S. F. stock trust agreements Des Moines Terminals---------------- 3
Leavenworth to Kansas City------- 25
Branch to Clay Banks, Minn.
3
below referred to. V. 85, p. 1001.
6
Goodhue to Belle Chester----9
Stockholders voted July 1911 to Increase the authorized preferred stock St. Joseph, Mo., to Beo Creek—
De Kalb & Great Western—
o
to $15,000,000, to merge the Evansville A Terre Haute and Evansville Other trackage___________________ 5
Belt, wie E. A T. II. common to receive 83 1-3% In C. A E. I. preferred
Grand total embraced In earnings June 30 1911...............................-1,490 .
o q t .,1 9 1 2 .
.
RAILWAY STOCKS AND BONDS.
w
32
R AILW AY STOCKS AND RONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c.. see notes on first page]
Chicago & Eastern Illinois (Concluded) —
C A E I Eq bonds Ser F $220,000 s-a (V 82 p 750) _B:
do Series G due $124,000 s-a (V 86 p 1284) -Bi
E & T H equip bonds Series B due $20,000 s-a Bi
do
Series C due $60,000 s-a (V 82, p 627) ..B ;
Chicago & Erie— 1st M g Int guar till prln p a ld ..C e,c’
Terminal first mortgage giold.
Chicago & Grand Trunk— S
Pref (p A d) 4% cum red $50,000,000 auth.............
First mortgage gold $75,000,000.............G .xc’ Ar*
Minneapolis Terminal mortgage gold assumed
Chicago Hammond & Western— See Indiana Harbor
Chic Hgts Term Transf— 1st M $1,000,000 g red 105 s i
Chicago & 111 Mid— 1st M $5,000,000 g red text.IC .C
Debentures gold $1,000,000 authorized....................
Chicago & III VV— Gen(new lst)M g gu red par.C C .xc’
Chicago & Indiana Coal— See Chicago A Eastern 111
Chic Ind & So— Ind 111 A la 1st M $12,000,000 g.IC.o*
Consol mtge $20,000,000 gold gu p & L .Q .x o * & r-.
Chicago Indianapolis & Louisville— Common S to ck ..
Preferred 4% non-cumulatlve $5,000,000 __
do
do
gold 6s Issued for old consols___
do
do
Ser C___________________________
Indiana Stone RR first mortgage guaranteed______
Indlanap & Loulsv 1st M $6,000,000 gold g u .. G.c*
Monon Coal Co 1st M g Int gu s f red 110___ Bac*
Equip bonds Ser A g due part semi-annually______
do
do Ser B due $37,000 or $38,000 s-a__
Chicago Indianapolis & St Louis Short Line—See Cle
Chicago Junction RR— 1st M $2,327,000 g red 105..c*
Chicago Kalamazoo & Saginaw— 1st M $2,000,000 g G
Chicago Lake Shore & East— 1st M g gu red text-.xc*
Chicago Mem & Gulf— Pref stock $150,000 6% cu m ..
1st M g red 105 since Jan 1912....................... Bac*Ar
Equip notes due $5,000 yrly for 3 yrs, then $6,000PeP
Chi Milw & Gary— 1st M g red 105 beg. 1918 SSt.xc*
a Of which $125,000 In treasury June 30 1911
Miles Date Par
Amount
Rate
Road Bonds Value Outstanding %
___
1906
$1,000 $1,540,000
1907
1,000
1,240,000
1905
1,000
100,000
1906
420,000
1,000
249 1890
1,000 12,000,000
249 1890 1,000 Ac 10,000,000
1888
300,000
__
___
___
100 45,246.713
100 41,021,402
749 1909 $, £ A fr. 22,500,000
1900
1,000
500,000
RR
Belt R R
1911
100 Ac
550,000
26 1906
1,000
780.000
__ 1910
220,000
815.000
1.000
— - 1907
A
A
A
A
A
A
4g M A
344 B J A
g
g
g
g
J
F
J
J
A
O
A
A
N
Feb '13-Feb ’ 16 Blair A Co, New York
Apr ’ 13-Oct ’ 17 Bankers’ Trust Co. N Y
Feb
Feb
May
Oct
J July
’ 13-Feb ’ 15 Blair A Co, New York
do
do
’ 13-Fob ’ 16
Erie Railroad, New York
1 1982
1 1982
1 1918
Erie Railroad, New York
S Sept 1 1959
J Jan 1 1950
A J Jan 1 1931
A A Feb 1 1956
A D 1917
A J July 1 1947
J P Morgan A Co
Bank of Montreal, N Y
Northern Trust Co, Chlo
Chase Nat Bk, N Y or Chi
ConAComTrASavBk, Ch
203 1900
1.000 4,850,000
4 g J A J July 1 1950
Lincoln Nat Bank, N Y
329 1906 1,000 Ac 15,150,000 „ 4 g J A .1 Jan 1 1956
Treas Grand Cent Stat’n
—
—
100 10,500,000 344 in ’ l l J A 1) Ju n e28’ 12 144 J P Morgan A Co, N Y
—
—
100 5,000.000 4 In 1911 J A D June28 ’ 12 2%
509 1897
1,000 5,000.000
5 g ,r A J July 1 1947
509 1897
1,000 4,700,000
6 g j A J July 1 1947
509 1897
1,000 5,300,000
4 g j A J July 1 1947
do
do
—
—
1,000 In treasury
5g
,\r A S Sept 1 1948
New York
60 1906
1,000 a l.650,000
A J Jan 1 1956
4g j
Guaranty Trust Co, N Y
—
1911
1.000 2,500.000
5 g ,r A D June 1 1936
—
1911
383,000
444 g M A S To Mch 15 1921 Equitable Trust Co. N Y
—
1911
675,000
A AO!5 To Oct 15 1921 Bankers Trust Co, N Y
veland Cincln natl Chic ago A St Lo uls 444
—
1905
1.000 2,327,000
4 g
M A S Mch 11945
Harris Forbes A Co Chlo
55 1909 1,000 Ac
1,268,000
T A ,TJuly 1 1959
New York
4g
—
1909
1.000 9.000,000
71 Broadway, New York
444 g J A D June 1 1969
- -- —
100
150,000
6
Q—J Oct l 1912 144
52 1910
1,000
667,000
5 g j A J Jan l 1940
Bankers Trust Co, N Y
1911
52,000
5
To July 1 1921
—
1908
1,000 5,770,000
5 g A A O Apr 1 1948
St Louis Union Trust Co
The entire capital stocks of the Mason City & Fort Dodge R R . Co. and
tho Wisconsin Minnesota A Pacific R R . Co. are owned and their roads oper
ated under agreement. See those companies. In 1910 acquired entire
stock of Leavenworth (Kan.) Term. Ry. & Bridge Co. V. 91, p. 214, 397.
ORGANIZATION.— Incorporated In Illinois Aug. 20 1909 as successor,
per plan V. 88, p. 1497, of railway of same name acquired at Judicial sale
by J. P. Morgan & Co., reorganization managers, V. 89. p. 528, 592. Tho
plan provided $9,892,274 for improvements and equipment. Holders of
old pref1 B and common stock participating paid assessments of $15 per sh.
STOCK.— The pref. stock ($50,000,000 auth. Issue) will be entitled to
non-cum. dlvs. at 4% per ann. to Juno 30 1914 and to cum. divs. thereafter
at that rate ahead of the com. stock,and also to a preference as to principal
and accrued dlvs. In case of dissolution or liquidation. If and when permit
ted by law, the new company will have the right to redeem the pref. stock
at par and accrued dlvs. No additional mtge. shall be created nor shall the
pref. stock be Increased without the consent of a majority of the pref.
Voting Trust.— All stock (except shares to qualify directors) shall until
Sept. 1914 be vested In J. Plerpont Morgan, George F. Baker and Robert
Fleming, as voting trustees, with power to fill vacancies and all other powers
to be stated In the voting trust agreement. Upon the written request of
holders of a majority of the outstanding pref. stock voting-trust certs,
and of common stock voting-trust certs, to an amount sufficient, with such
majority of such pref. stock, to constitute a majority of all the stock then
held by such voting trustees, the voting trust shall be terminated.
The total fixed charges of the new company for rentals and Interest, In
cluding Interest on bonds of subsidiary cos., after all the $28,000,000 new
bonds are outstanding, will approximate $2,480,000.
BONDS.— Of new first 4s, $18,500,000 were sold to the syndicate and the
remaining $9,500,000 of the $28,000,000 present Issue, of which $4,000,000
have been sold, were reserved for additions and betterments as required,
say within the next two or three years. Of the bonds, $18,232,000 are re
served to retire the 1st mtge. bonds of the Mason City A Ft. Dodge and
Wlso. Minn. A Pao. ($12,000,000 and $6,232,000, respectively), and the
remainder for new property, betterments and equipment. V. 89. p. 1482;
V. 90, p. 53; V. 91, p. 1160; V. 92, p. 1031. Funded debt per mile of com
pany and proprietary lines June 30 1911, $29,331.
EARNINGS.— 12 m os.,/1911 -1 2 ..Gross, $12,795,242; net, $2,789,009
July 1 to June 30. 11910-11 ..Gross, 12.618.642; net, 3,176,636
Sur. after chges., $183,609 In 12 mos., agst. $767,907. See V. 95, p. 889.
REPORT.— Report for year ending June 30 1911 In V. 93, p. 1382,
showed; Gross earnings, $12,618,642; net, after taxes, $2,793,527; other In
come, $141,038; Int. on bonds, $1,536,940: rentals A oth. fixed chges.,$629,718; bal., sur., $767,908. In 1909-10, gross, $12,074,743; net, $2,553,432.
OFFICERS.— Pres.. S. M. Felton; V .-P., Joseph W . Blabon; See. and
Treas., J. F. Coykendall; Auditor, Con. F. Krebs. President’s office,
People’s Gas Bldg., Adams St. and Mich. Boul., Chloago, 111.
DIRECTORS.— Samuel M. Felton, John R. Morron, John A. Spoor,
A. A. Sprague, Clyde M. Carr, C. H. Conover, Chicago; Charles Steele,
New York; E. F. Swlnney, Kansas City: James S. Bell, Minneapolis; F. Wey
erhaeuser, St. Paul; Milton Tootle Jr., St. Joseph.— V. 95, p. 618, 889, 968.)
CHICAGO & ILLINOIS MIDLAND RY.— Owns Auburn, 111., to Taylorvllle, 26 miles, of which 17 miles was opened June 1907. Stock authorized,
$2,000,000; outstanding, $1,000,000 (par of shares $100), a majority being
owned by Illinois Midland Coal Interests. The 1st M 5s are subject to call
on terms to be fixed for the several Issues; the $780,000 bonds Issued on
the first 26 miles may be called at 110 on any Interest day since Aug. 1 1910.
See V. 82, p. 452, 803. Equip, trusts July 1911, $66,600. Year ending
June 30 1912, gross, $106,532; net, $27,555: taxes, $9,022. In 1910-11,
gross. $95,235; net, 528,997; other Income, $11,641; Int., taxes. Ac., $89,
529; bal., del., $48,891. Pres., F. S. Peabody.— (V. 93. p. 1599.)
CHICAGO & ILLINOIS WESTERN RR.— To extend from Western Ave..
Chicago, southwesterly to Joliet, III., with branches, a total of 54 miles, of
which 22 miles In operation. Extension proposed Gary to Joliet. V. 83,
p. 491. Stock, $1,000,000, as Increased Aug. 1907; par. $100. Of the
gen. 6s of 1907 ($4,000,000 auth. Issue), $815,000 were outstanding In
July 1911, guar. prln. A Int. by Dolose A Shepard Co., Chicago; cqulpt
trusts, $167,535. V .8 6 ,p . 107; V. 88, p. 685. For year ending June 30 1912,
gross, $116,437; net, $4,618; taxes, $11,400. In 1910-11, gross, $158,030,
net, 515,681; other Income, $116;Int., taxes, Ac., $85,332: bal., def., $69,534.
In 1909-10, gross, $146,849; net, $22,400. Pres., W. E. Phillips. Of
fice, 184 LaSalle St., Chicago, 111.— (V. 88, p. 685.)
• CHICAGO INDIANA & EASTERN RY.— Owns Converse, Ind., to
Munclc, 43 miles. In May 1907 the Pennsylvania Co. acquired all the se
curities, the road being operated as part of the Pitts. Cln. Chic. A St. Louis.
V. 84, p. 1181. 930. For cal. year 1911, gross, $81,414; op. def., $24,014;
other Income, $98: charges, $34,572; bal., def., $58,488.— (V. 84, p. 350.)
CHICAGO INDIANA & SOUTHERN RR.— (See M aps N . Y . Cent. &
Hud. IUv. R R .) — Owns from South Bend, Ind., to Seatonvllle, 111., 192 m.
(former Ind. 111. A Iowa R R .); Danville, 111., to Indiana Harbor, Ind.,
109 m.: branches, 20 m.; trackage, 28 m.; leases, 8 m.; total, 359 m. Also
owns 20 m. leased to other companies. A consolidation April 1906 of the
Ind. 111. A Iowa, Ac. V. 82, p. 803. 867. Stock, $20,000,000, of which
$5,000,000 Is 4% cum. pref. Lake Shore A Mich. Sou. owns $17,000,000
and Michigan Central $3,000,000.
BONDS.— Of the 4s of 1906, guar, by Lake Shore & Mich. Sou., 54,850,
000 are reserved to retire the 4s due 1950. V. 86, p. 980, 1223.
Jointly with four other roads covenants to pay the N. Y. Central lines
($30,000,000) equip, trusts of 1907 and 1910, the company’s share of cqulp't
trust obligations leased being Dec. 31 1911, $2,771,983 and $1,529,367.
respectively. V. 85, p. 1401; V. 86, p. 168; V. 90, p. 1677. Loans and
bills payable Dec. 31 1911, $2,945,469.
EARNINGS.— 8 m os../1912.............. Gross, $2,680,968; net, $449,676
Jan. 1 to Aug. 31. \1911........ ...G ross, 2.452,217; net, 297.756
REPORT.— Report for year ending Dec. 31 1911 in V. 94, p. 1380,
showed: Gross, $3,822,612; operating income. $747,267; other income
$503,959; charges, $1,597,780; bal., dot., $34G,554— (V. 94, p. 826, 1380,)
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
4 44 g F
5g A
4 44 g F
444 g F
5g M
t
5g J
6
5
5
6
[VOL. L XXXX V .
CHICAGO INDIANAPOLIS & LOUISVILLE R Y — Operates the
Monon Route ’ from Chicago. 111., via Monon. Ind., to Indianapolis, Ind.;
and Louisville, K y., with branches. Total June 30 1912, 617 miles, viz.:
Lines owned—
M iles.
Indiana State Lino to Indian
apolis ....................
162
New Albany to Michigan City__ 289
Bedford to Swltz City___________ 40
Orleans to French Lick Springs.. 18
Oper. under contract—
M iles.
Chicago to Indiana State L in e.. 20
New Albany to Louisville____ 7
2
Connection to Indianapolis_____
Clear Creek to Harrodsb’g, I n d .. 9
Swltz City to west of Linton__ 10
YVallaco Jet. to Shirley Hill A br. 60
A lease for 999 years with Chicago A Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one-third Interest In Ky. A Ind. Terminal ItR. at Louisville, Ky.
Owns entire stock of Indianapolis & Louisville R R ., Wallace Jet., Ind.,
to Shirley Hill, 55 miles, and branch Vicksburg to Cass, 5 m ., completed In
1907. Under supplemental lease dated May 10 1907, bonds are guar.,
prln. and Int. See "Bonds” below. V. 82, p. 509; V. 83, p. 888, 1290;
V. 85. p. 920; V. 87. p. 809; V. 88, p. 99.
H ISTORY.— Successor July 1 1897 of Louisville New Albany A Chicago,
foreclosed per plan In V. 63. p. 922. Suit settlod, V. 75. p. 1031.
In Aug. 1902 the Louisville A Nashville and Southern Ry. acquired 93%
of $10,500,000 com. and 77% of $5,000,000 pref. stock, on the basis of $78
and $90 pcr$100share, respectively, In their Joint 50-year 4% collateral trust
gold bonds at par, secured by tho stock acquired. See description of bonds
under Louisville & Nashville. V. 74. p. 1088, 1138; V. 75. p. 28.
DIVIDENDS—
1 ’03. ’04. '05. ’06. ’07. ’08. ’09. ’ 10. ’ l l .
1912.
On com since 1902% / 3 44 2 44 3
3
3
3 3 44 344 3 44 June 1 %
BONDS.— Refunding mortgage covers road, equipment. Ac. (Including
$1,000,000 stock of Ch. A W. Ind. and $240,000 stock of the Belt Ry. of
Chicago): the remaining $2,300,000 of the $15,000,000 authorized being
sold April 1911 to take up $2,300,000 divisional bonds due Aug. 1911.
V. 90, p. 1613; V. 91, p. 518, 1095; V. 92, p. 1031, 1700; V. 93. p. 44. V.94,
p. 1118.
Indianapolis A Louisville guaranteed bonds, of which $1,500,000 sold In
Feb. 1906 for 60 miles of road: balance Issuable at $30,000 per mile. See
above: V. 82, p. 508: V. 83, p. 1290. Also guarantees Int. on $2,500,000
Monon Coal s. f. 1st M. 5s due June 1 1936, redeemable at 110 ($3,000,000
authorized Issue). V. 93, p. 44, 697,
EARNINGS.— 2 mos., 11912...............Gross, $1,175,874; net, $354,939
July 1 to Aug. 31.
J1911...............Gross, 1,160,202; net, 415,331
ANNUAL REPORT.— In V. 93. p. 1017, showed:
Year end. June 30—
1911-12.
1910-11.
1909-10.
1908-09.
Gross earnings................. $6,503,652 $6,186,878 $6,020,242 $5,319,386
Net earnings................... 1,450,296
1,661,271
1,803,453
1,404,792
Dividends, Ac., received
199,523 204,308
237,955
252,301
Total net Incom e------$1,649,819
$1,865,579
Interest on bonds...........
$732,300
$724,920
Rentals. A c.....................
508,359
428,072
$2,041,408
$774,036
405,792
$1,657,093
$772,100
382,107
Total
................... 51,240,659 $1,152,992 $1,179,828 $1,154,207
Surplus for d ivid en d s...
$409,160
$712,587
$861,580
$502,886
Dividend on pref., 4 % .
200,000
200,000 200,000
200,000
Dividend on com m on.(3 44)341.250(3 44)341,250(3 44)341250(3 44)328,250
OFFICERS.— Pres.. Fairfax Harrison; V.-P.. Morton F. Plant, New
York; E. C. Field, Chicago; Treas., Byron Cassell, 198 Custom House Place,
Chicago; Gen. Mgr., A. H. Westfall, Chicago: See., J. A. Hilton, 52 Broad
way, N. Y . Directors— Fairfax Harrison, Chicago; W. W. Finley, Wash
ington, D. C.; Chas. Steele, R. M. Gallaway, Morton F. Plant, Henry
Walters, Adrian Iselln Jr., John I. Waterbury, New York; E. C. Field, F. A.
Delano, Chicago: Samuel T. Murdock, Lafayette, Ind.— (V. 95, p. 968.)
CHICAGO JUNCTION RR.— An elevated road, 3.61 miles of track
(opened April 1908), extending from Junction with South Side Elevated RR.
at 40th St. to the Stock Yards. Leased to South Side Elevated for 50 years
(with right to purchase at cost within 20 years) at a rental covering bond
Interest and all expenses. Capital stock, $50,000. Bonds are guaranteed,
prln. and Int., by Chicago Junction Rys. A Union Stock Yards Co.; they
are subject to call at 105 after 1910. Form of guaranty, V. 82, p. 568.
— (V. 85, p. 792; V. 87. p. 346.)
CHICAGO JUNCTION RAILW AY.— Owns Inner line within the Chicago
Union Stock Yards district, 11.81 miles, side and industrial tracks, 118.58m.
In June 1907 the Vanderbilt (New York Central) Interests arranged to
acquire the outer belt line, assuming tho $2,500,000 outstanding bonds,
leaving the property free of liens. V. 85, p. 159, 792.
CHICAGO KALAMAZOO & SAGINAW R Y — Owns 55 m.. Pavilion to
Woodbury, Mich. In Seot. 1910 leased to Grand Trunk system the 11 m.
from Kalamazoo to Pavilion.
Stock, com., $2,000,000; out., $450,000; par of shares, $100. Mich.
Central owns $270,000 stock and $761,000 bonds and Lake Shore $180,000
stock and $507,000 bonds. V. 90. p. 708. Year ending Dec. 31 1911,
gross, $197,619: net, after taxes, $53,184; other income, $7,477: lilt., hire
of equip.. &c., $56,853: bal., sur.. 53,808. Pres.. II. B. Ledyanl, Detroit;
Sec., F. O. Waldo; Treas., J. E. Griffiths.— (V. 84, p. 50; V. 92, p. 1178:
V. 94. p. 1185.)
CHICAGO LAKE SHORE & EASTERN R Y — Embraces 481 miles of
track, connecting the various works of the Illinois Steel Co. and Indiana
Steel Co. at Chicago, Joliet, Milwaukee and Gary with diverging trunk lines,
and also with steamship lines, stone quarries. Industrial establishments,
Ac.; also reaches the coal fields of 111. and Ind., and Joliet, 111., handling be
tween South Chicago and these points a large traffic for III. Steel Co. Stock,
59.000.000, being Increased from $2,700,000 In Juno 1909; all owned by
the Illinois Steel Co., and so by the United States Steel Corp., which, with
the Elgin Joliet & Eastern, guar, the bonds, prln. and Int., by endorsement.
The last named leases the road for 60 years from Juno 1 1909, rental cover
ing all charges and dlvs. on stock, dependent on earnings. S ecV . 90, p.
108. Dlvs. paid In 1909, 10%; In 1910, 5% ; in 1911, 5% and 2% extra.
^ Pemberton0
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34
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes onfirst page]
C hicago Milwaukee & St Paul— Com stock (see te x t ).
Preferred stock 7 % yearly not cum $124,654,400-Lacrosse A Davenport Dlv first m tge_______ F.c*
WIso Val Dlv 1st M sink fund not draw n. NB.c*
Dub Dlv 1st M sinking fund not d ra w n ._Nil.c*
Chic A Pac Western Dlv 1st M (see text) gold .F .c*
Chicago A Lake Superior Dlv 1st M gold ____F.o*
W ise A Minn Dlv 1st M g _________________________ F
Fargo A Southern first mtge gold assum ed_________
Chlo MIlw A St P Terminal m ortgage gold ____F.c*
Dakota A Great Southern first m ortgage g o ld ____F
Chicago A Missouri River Dlv first m ortgage ..F .c *
Gen M (for $150,000,000) gold Series A ._ U s .c * A r
do
do
Series A registered___. .
do
do
Series B registered------ --MIlw A Nor 1st M Schwartz to Gr B ay ext 1910. _o*
Debentures $50,000,000 auth g o ld ______ F.xo*Ar*
Debentures 250,000,000 francs a u th orized .-U sm .x
Convertible debs $50,000,000 g sec text ..c .c * Ar*
Chic Mil & Pug Sd— 1st M $200,000,000 te x tU sx c'A r*
Chicago & N VV— Com stock $177,604,880 auth— -Tr
Rate
Amount
Miles Date Par
Road Bonds Value Outstanding %
185
161
351
1.117
68
230
119
159
77
5,859
5,859
5,859
5.859
126
362
___
2,197
7,390
7.390
788
Chlo A N W con s f M ($12,900,000) not drawn F.c*
150
Cedar Rapids A Missouri River— 1st M 3d D l v . . .
140
Northw Union 1st M g MIlw to F ond -d u-L ac.F .o*
175
W inona A St Peter 1st M ext g land gr s f assumF.o*
413
MIlw Lake Shore A W cons M (now 1st) g old -.C e.o*
82
Michigan Dlv 1st M (for $3,000,000) g o ld .-.C c .c *
40
Ashland Division first mortgage g o ld ----------Ce.o*
693
E xt A Im p M for $5,000,000 g s f not draw n.C e.c*
40
Marsh E xt 1st M $600,000 ($15,000 p m K .U n .o*
0 A N W s f bds of ’79 ($15,000 p m) red at 105 F.c Ar 1,041
1879
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
1909
1910
1912
1909
____
1865
1860
1872
1871
1881
1884
1885
1889
1892
1879
1891
1891
Chicago A North W estern 110-year deben.U n.o* Ar
1886
Extension 4s $20,000,000 ($20,000 p m )..U n .c A r
a Also July 1912 additional gen mtge bonds In treasury and n ot llste
x C oupon
Also In sinking fund July 1912: d $135,600.
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
$100 $116348200 5 in 1912 M A S Sept 3 ’ 12, 2 H
M A S Sept 3 ’ 12, 3 >5
7
100 116,274,900
5
J A J July 1 1919
2,500,000
1,000
J
A* J July 1 1920
1,853,000
6
1,000
J
A J July 1 1920
6
4,784,000
1,000
A J Jan 1 1921
J
5 g
1,000 25,340,000.
A J July 1 1921
1,360.000
5 £
J
1,000
J
A J July 1 1921
4,755.000
5 g
$1,000
j
A J Jan 1 1924
1,250.000
6 g
1.000
J A J July 1 1914
5 g
4,748,000
1,000
2,856,000
J A J Jan 1 1916
5 g
1,000
A J July 1 1926
J
3.083,000
5
1,000
J A J May 1 1989
4 g
1,0001 a48.841.000 /
May 1 1989
l
4 g
1,000/
c —j
3M g j
A J May 1 1989
1.0001 a8,950,000
May 1 1989
1,000/
l
3 H e t —J
A D June 1 1913
2,155,000
4H
j
1,000
6
j
A D June 1 1913
1,000 n l ,003.000
j
A J July 1 1934
1,000 Ac 28,050,000
4 g
j
A D June 1 1925
4
500 fr Ac 48.176.655
A D June 1 1932
100 Ac 34,893,500
4H g j
Jan 1 1949
4
1,000 155.691 410
X
Oct 1 1912 1 M
100 130,114,500 7 In 1912 Q— J
Oct 1 1912 2%
100 22,395,100 8 in 1912
C—J
1,000 12,832,000
7
Q— F Feb 1 1915
M A N May 1 1916
2,332,000
7
500 Ac
500 Ac d3,365.000
M A S June 1 1917
7 g
.1 A D Deo 1 1916
100 Ac k4.038,500
7 g
M A N May 1 1921
1,000
5.000,000
6 g
A J July 1 1924
1,281,000
6 g
J
1,000
1,000,000
M A S Mch 11925
6 g
1,000
F A A Feb 1 1929
1,000
4,14S,000
5 g
A A O Oct 1 1922
1,000
400,000
5
A A O Oot 1 1929
1,000 Ao 11.374,000 5 A 6
M A N May 1 1933
9.695,000
5
1,000 Ac
A 15 A O Apr 15 1921
1,000 Ao g9,819.000
5
F 15 A A Aug 15 1926
4
1,000 Ac h 17,670.000
d (see te xt). n $1.08 9.000 ad dltional 1 n treasury.
Q— J.
bonds J A J; register eel
Bonds are redeem able In whole or In part from Deo. 1 1919 at 110 and Int.,
they are limited to $20,000,000 and further Issues of bonds beyond the
$9 000.000 now outstanding can be made only for 50% of cost of property.
V . 881 P 1372; V . 89. p. 224, 1410.— (V . 90. p. 1170: V . 91. p. 144ff.>
CHICAGO MEMPHIS & GULF RR.— Dyersburg, T enn., to H ickm an.
Tenn , >52 miles. Entire line as projected will extend from a point
on the Ohio River to Memphis, Tenn. In October 1909 stock acquired by
new parties and name changed N ov. 1 from Dyersburg Northern U R . V . 89,
p 993, 1280. Stock auth., com m on, $850,000, of which $300,000 out
standing, and $150,000 6 % cum . pref., all outstanding: par, $100. A divi
dend of 8 % was paid from the earnings of 1910-11 and credited towards pay
ment of pref. stock. First quar. dlv. on pref., 114% . paid O ct. 1 1911:
19Bonds/O($(H)’. 6d0,000 auth.) outstanding O ct. 1 1911, $667,000: reserved
for terminals, A c., $1,750,000, and remaining $7,583,000 at not to exceed
8 5% of cost of new construction, or over $20,000 per mile main line. V . 90,
p. 108, 302; V. 91, p. 153. For 6 mos. ending D ec. 31 1911, gross, $142,
541; net, $65,738: Int. and taxes, $18,964: b a f.,s u rp ., $46,774. For year
ending June 30 1912, gross, $200,206; net, $70,388. In 1910-11 ,(38 ml es)
gross, $175,508: net, $74,811; Int. and taxes, $20,127: d lv. on com . (8 % ),
$24,000: bal., surp., $24,684. Pres S. G. Latta; V .-P . and See., E . R ice,
both of Dyersburg, T enn.; V .-P ., John H . W atkins, 2 W all S t., N . Y .,
Treas., J. C. D oyle, Dyersburg. O ffice, Dyersburg, Tenn.— (V . 92, p. 1374;
V . 93, p. 796; V . 94, p. 1702.)
CHICAGO MILWAUKEE & GARY R A IL W A Y — This road, when
com pleted, will form an outer belt line 267 miles In length, extending from
Milwaukee, W Is., to Gary, Ind., connecting with all of the 32 main trunk
lines entering Chicago. Of this, R ockford, 111., to Delmar, 125 miles.
Including Elgin Joliet A Eastern trackage between Aurora and Joliet, 22
miles, was In operation In July 1912. In March 1909 Interests represented
b y the St. Louis Union Trust Co. acquired practical con trol. V . 88, p. 685.
Stock authorized, $10,000,000: outstanding. $5,500,000; par, $100.
B O N D S .— On April 1 1908 a mortgage was executed to the S t. Louis
Union Trust Co. and Illinois State Trust Co. of S t. Louis, as trustees,to
seoure an Issue of $20,000,000 of 40-year 5 % bonds, of which $5,702,000
have been Issued to acquire the property of the Illinois Iow a & Minnesota
and subsidiary com panies. Improvements and equipment, the remaining
$14 398.000 bonds being reserved for extensions to Gary and Milwaukee,
eaulDment. terminals, elevators, coal docks and facilities at Gary and Mil
waukee. of which about $10,000,000 to be used at present to com plete the
line V 86. n. 980; V . 88, p . 6S5. Current liabilities, $540,581. l o r year
ending .June 30 1912, gross, $395,274; net, $15,321; Int., taxes, A c., $186,
359; bal., d ef., $171,038. Pres., Albert T . Perkins, care St. Louis Union
Trust C o., St. Louis.— (V . 88, p. 685.)
CHICAGO MILWAUKEE & ST. PAUL RY.— Operates from Chicago
westerly to S t. Paul, Minneapolis and Lake Superior, Omaha, N eb., and
Kansas City, M o., with lines traversing Illinois, Iowa, Missouri, Michigan,
W Is., Minn, and the Dakotas, viz.: (Map C. M . & Puget Sound R y .,p .3 3 )
Hoad—
M iles.] Road—
M iles:
Lines owned June 30 1912 (of
Second and third tracks................ 611
which 30 m . owned J o in t ly )..7,2 9 6 1Trackage (Including 2d tra ck s )..215
H IS T O R Y , A o.— Org. May 5 1863 and on F e b .1 1 1874 took present name.
The Pacific extension, from western terminus at Mobrldge, S . D ., to
Seattle and T acom a, 1,461 miles, known under name of Chicago Milwaukee
A Puget Sound R y . (see statement below),w as operated from A u g .I 1909;
546 miles of branches had been com pleted In July 1912. V . 87, p . 543;
V . 88, p. 99. 294, 748, 882, 944, 1252. In July 1911 acquired 20% of stock
o f Indiana Harbor Belt R R . Tacom a Eastern R R ., 92 m ., was acquired
In 1909. In May 1912 a new through passenger train arrangement with the
Union Pacific was put Into effect. V . 94, p. 697.
C A P IT A L S T O C K .— The pref. stock has a prior right over the com . stock
to a dividend of not over 7% from net earnings In each year, but If not
earned It has no cumulative right. A fter 7 % on com ., both share pro rata.
In December 1906 the stockholders subscribed pro rata for $66,214,400
pref. and $33,241,100 com . stock at par. V .83. p. 1523: V .8 4 ,p . 5 0 , 101.
D IV S. since 1892—
1 '93. '94. '95. ’ 96. ’ 97-’00. ’01. 'p2-’ l l . 1912.
O n o o m m o n ________ %\
4
4
2
4 5 y ’ly
6 7 y ly
5
On preferred............... _%J
7
7
7
7 7 y 'ly
7 7 y ’ ly
/
BO N D S.— Abstracts older m tges., V . 45, p. 114. 144. 212; V . 48, P - 830.
The general mortgage of 1889 (see abstract In V . 48, p. 830) Is for $150,
000,000 to the United States Trust Co. of New Y ork, as trustee, and covers
the entire railway property and franchises of the com pany (therein de
scribed), subject to prior liens, which are paid as they mature.
In July 1912 gen. m tge. bonds were Issued or reserved as follows:
A m t. In hands of the public (V . 89, p. 1279, 1541, 1596, 1667) ..$57,791,000
In treasury of the com pany (unsold)------------------------------------------- 39.b/9,uui)
Total reported b y the com pany as outstanding---------------------$97,470,000
Reserved for prior liens________________________________________ 52,530,000
[VOL. L X X X X V .
N Y Office 42 Broadway
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N Y Office, 42 Broadway
Co s office 111 B ’ way,N Y
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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
G E N E R A L FIN AN C ES. A c.— The com pany owns all of the $100,000,
000 stock and $129,000,000 of the $154,000,000 1st M. 4s of the Chicago
MIlw. & Puget Sound R y . ($26,095,000 bonds soid), see below.
Early In 1911 an Initial dividend of 2.7 % was received on Chic. MIlw. &
Puget Sound R y. stock, yielding $2,700,000, and In A ug. 1911 2 .3 % , yield
ing $2,300,000. V . 93. p. 588.
In 1911 the Union Pacific (Oregon Short Line) owned $1,845,000 pref. stk.
In A pr. 1912 stockholders were offered $34,893,500 convertible 4!^s at
par to provide for capital requirements of 1912 and 1913. V. 94, p. 1056.
In Mch. 1912 the dlv. rate was reduced from 7 to 5 % . V. 94, p. 278, 349.
E A R N IN G S.— 2 m os., / 1012-......... Gross, $12,020,684; net, $3,869,242
July 1 to Aug. 31. 11911...........Gross, 10,539,998; net, 2,212,028
A N N U A L R E P O R T .— Fiscal year ends .Tunc 30. Annual meeting Is
held In Sept. R eport for 1911-12 In V . 95, p. 744; editorial, p. 719.
1911-12.
1910-11.
1909-10.
7,512
7,512
7,512
Average miles operated______________
Passenger earnings___________________ $13,936,963 $14,077,757 $14,786,744
Freight earnings_____________________ 42,815,573 44,776,454 44,909,137
Mall, express, &o., earnings_________
6,370,207
0,121,784
5,151,013
Total earnings........................................ $63,122,743 $64,975,990 $64,846,894
Maintenance of w ay__________________ 8,812,314
$7,865,401 $8,472,825
Maintenance of cars and engines_____
9,681,271
8,839,384 7,724,569
Transportation and trafflo____________ 28,108,187 29,230,225 27,469,993
T a x e s ........................................................... 2,868,710
2,662,700 2,529,373
M iscellaneou s________________________
1,141,384
1,118,709
1,123,610
Total expenses...................................... $ 5 0 jn l ,860 $49,710,419 $47,320,370
Net earnings.............................................. $12,510,877 $15,259,577 $17,526,524
21,468
195,668
207,620
Outside operations, net______________
Dividends on stocks . . ............
31,825
5,065,115
804,880
Int. on Ch. M. & Pug. Sound b o n d s .. 5,283,516
4,730,978 6.059,496
Other incom e (n et)___________________
2,276,007
2,083,694
2,589,175
T otal net Incom e................................... $20,124,293 $27,335,031 $27,187,695
Interest on funded d eb t________________$8,494,529 $8,372,348 $6,811,804
Hire of equipment, rents, A c________
1,699,318
2,604,369
1,690,943
Dividends on preferred ( 7 % )................. 8,115,233
8,115,233 8.115,233
Dividends on com m on ( 7 % )_________
5,797,300
8,116,226
8,116,220
T otal deductions................................... $24,100,380 $27,208,170 $24,737,365
Balance, surplus........................................df3,982,087
$126,861 $2,450,330
O F F IC E R S .— Chairman. Roswell Miller, 42 B roadway, New Y ork;
President, Albert J. Earllng, Chicago; Treasurer, F. G. R anney, Chloago;
Gen. Mgr., D. L. Bush; Sec., E . W . Adam s, Milwaukee, WIs.
Directors— Roswell Miller, New York; A . J. Earllng, Chicago; L . J .
Petit, Milwaukee; J . Ogden Arm our, Stanley Field, Chicago; Samuel M cR oberts. William Rookefellcr, Donald G. Geddes, John A .Stew art, Percy A .
Rockefeller, W alter P. Bliss, Charles W . Harkness, John D . R yan, Now
Y ork. N. Y . office, 42 D w ay.— (V . 94, p. 1118, 1505; V . 95, p. 744, 889.)
CHICAGO M IL W A U K E E & PUGET SOUND R Y .— (See M a p .)— T hl«
road forms the Pacific extension of tho Chloago Milwaukee & S t. Paul R y .,
com pleted through to Seattle and opened A ug. 1 1909. Extends from Mobridge, S. D ., to Seattle and T acom a, 1,401 miles, Including 28 miles from
Black River to T acom a, owned join tly: branches com pleted JuW 1912, 546
miles; branches under construction, 256 m .; total under m tge., 2,197 miles.
Other lines used join tly, 39 miles; used under con tract, 73 m. The lino
from Spokane to Marengo, W ash., 65 miles, being built by Ore.-W ash. R R
& N av. C o., will be used Jointly. In Mch. 1912 acquired the Bellingham
Bay & British Columbia Ity., Bellingham, W ash., to Glacier, B. C., 44 m „
with branches, 5 m. V . 94, p. 767. Also owns all stock of 4 acorn a Eastern
R R ., Tacom a to Morton, with branches, 92 miles. V . 91, p. 651. These
are operated Independently.
B ON DS.— Total authorized Issue, $200,000,000, of which $154,959,000,
together with the entire auth. lssuo o f $106,006,000 stock, were turned over
to the C. M. & S t. P . R y . treasury for $155,691,410 advanced for con
struction. In July 1912 $26,095,000 of said bonds, guaranteed p . & l b v
the C. M. A St. Paul R y ., had been sold. V. 92, p. 593, 6o9, 725, 1374;
V. 93, p. 1386; V . 94. p. 767, 1185. Form of guaranty, V . 93, p. 588.
Bonds cover road, terminals and equipment, and run to m aturity. A u
thorized stock was Increased to $206,000,000 In May 1911. V . 92, p. 955,
1031. Obligations due June 30 1912 for advances, $29,422,342.
D IV ID E N D S — D l v , 2 7 % , paid from lncomo of fiscal year ending
June 30 1910 and 2 .3 % In A ug. 1911 from lncomo of fiscal year 1910-11.
V . 93. p. 526. Pres., II. R . Williams, Seattle, Wash.
E A R N IN G S.— 2 m o s .,/1912......... Gross, $3 484.104; net, $1,473,606
2,695,064; net,
1,055,813
July 1 to A ug. 31.
\1911_____Gross,
R E P O R T .— Report for year ending June 30 1912. In V . 95, p. 744,
showed (2,059 average m iles): Operating revenues, $10,132,612; net (after
taxes), $5,679,445; other Inc. (lncl. hire of equip., $841,689), $1,176,208;
int., A c., $7,007,191; b al., d ef., $151,538 — (V . 93. p . 526, 588, 724, 1386;
V . 94, p. 767, 1185; V . 95. p. 744.)
CHICAGO & NORTH WESTERN RY. —
Operat es an tmportant system of roads uniting Chicago, III., with Omaha, N eb.; S t. Paul,
Minn., with the jrreat wheat belts of Dakota, Nebraska, dso., and with the
mining regions of Michigan and the Black Hi Is. including—
M iles.
/«« —
A
/f11.09. H
f'SJ Pi
Ain PM Volloxr
Dcs
Plaines
V alley___
.
10
Roadownedinfee
Afffes.
77
Main lines, A c _________________ 7,799 Sundry trackage.................
Total authorized_____________________________________________ $150,000,000
In 1909 $28,000,000 of an authorized Issue of $50,000,000 4 % 25-year
debentures were sold. They are to be Included In any new m tge. V . 88,
p. 1559; V . 89, p. 1223, 1346.
In May 1910 sold to a group of French banks 250,000,000 francs 15-year
4% debs. They are to be secured by any new m tge. None of the Chic.
Entirestockowned—
MIlw. & Puget Sound R y . stock now owned or hereafter acquired Is to be Princeton
Total July I 1912..................... 7,960
A W estern__________
16
sold while bonds are out. V . 90, p. 1424, 1489, 1554; V . 91, p. 38, 1710.
olf River V alley______________
2
The convertible 4 H % gold debenturesof 1912 ($34,893,500presentissue)• W
Second track__________________ 828
Do
Pue
Land
A
East,
(
l
e
a
s
e
d
)
3
which were offered to stockholders at par, payable May 31 1912 and under
24 Has large Interest in Chlo. St.
written, are part of an authorized Issue limited to $50,000,000, with Inter Belle Fourchc V alley__________
Paul Allnn. A Omaha________ 1.744
39
est not to exceed 5 % . They will be convertible at par into com m on stock James River A North W estern.
In Deo. 1911 an arrangement was made with the Northern Paclflo for
after June 1 1917 and prior to June 1 1922, at the option of the holders,
within 10 days after any dividend shall becom e payable on the com m on through passenger service between Chicago and Pacific coast, and In May
1912 an Improved through service was put Into clfect In connection with
stock, and redeemable at 105 and Int. after June 1 1922 on 90 days’ notice.
the Union Pacific. V. 93, p. 1667; V . 94, p. 097.
V . 94, p. 1056, 1118, 1565; V . 95. p. 744.
W
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36
[V oii. LXXXXV
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations. & c., see notes on first page. ]
M iles Date
Road Bonds
1897
& $ w ^ jen^ gold bond M $165,000,000.U s.c* Ar
1897
do
do
do
registered .,
1897
do
do
do
o*
1897
do
do
do
registered..
114 1906
Manlt Gr B ay & N W IstM g gu (V88,p230)F.c* Ar
50 1906
Milw & State line 1st M g gu (V 88, p 2 3 0 )--F .o * A r
Des Plaines Valley R y $2,500,000---------------------------1912
C & N W equipment trust o f 1912 see te x t................
Branch Line Bonds Assumed
90 1898
B oyer Valley R y 1st M g $16,000 per m lle_F.c*A r
119 1899
Minn A la R y 1st M gold $16,000 per m Ile_-F .c*A r
26 1899
M ankato A New Ulm 1st M gold $ 4 1 6 ,0 0 0 .- F .c ’ Ar
56 1900
Southern Iow a first m tgc $1,120,000 g o ld ..F .o * A r
105 1901
Princeton & Northw 1st M $2,100,000 g o ld -.F .o A r
85 1901
Peoria & Northwest 1st M $2,125,000 g o ld ._ F .cA r
125 1901
Sioux City & Pacific 1st M gold $4,000,000--F .c A r
33 1900
Minn & So Dak 1st M gold $528.000.......... - - - F .c *
195 1900
Iow a Minnesota A Northwestern 1st M g o ld .F .c Ar
179 1912
Mil Sparta & N W 1st M g $15,000,000 gu .F c*A r*
Frem Elk & M V cons M $25,000 per mile assumed 1,170 1883
56 1883
St Paul East Grd T rk 1st M g a ssu m ed .- - - - - - - - c „
235 1900
C hicago Peoria & St L— Pr Hen M g call at 107 >4-Eq.o*
235 1900
Consol m tge $2,000,000 gold call a tlO o ............E q.o
235 1900
Incom e m tge gold (text) non-cum call at p a r - - - - New Securities to be Issued under Reorganization Plan
S tock, $4,000,000..................- - - - - - - - - - - - - - - - -
Gen and refunding M $15,000,000 gold red text
1911
Chic Riv & Ind— 1st M gold red t e x t --------/VlC.xc
1902
Chic R I & Pac R R — Coll tr M $75,000^000--C e .c ’ Ar
1909
B onds
"
'
Chicago
765 1877
G e n e r a l m o r t g a g e UOO.OOO.OOd"gold.- - - - -B a.c*& r 2,396 1898
1902
Coll tr M g Ser I to P due yearly red lO l H - .C e .c
1904
R ef M $163,000,000 gold red 105 to 1911--C e.o* Ar T ext
1912
Debentures gold redeem 105------------- - - - - B a . o &r
292 1881
Cedar Rapids I F & N W 1st m tge gold guar Ce.o
In addition, sinking fund July 1912 held: g $181,000, h $96 2,000;
p all In sinking fund
Par
Value
Amount
Outstanding
1000 Aol m$30827000
1000 A ct
1.000 Aol m22500.000
l.OOOAoJ
3.750.000
1.000 Ac
2.500.000
1.000 Ac
NoneJ’e’ 12
When
Payable
Rate
%
314
3 )4
4
4
314
314
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
119 8 7
1 1987
11987
11987
1 1941
1 1941
Co’s office, 111 Broadway
do
do
do
do
do
do
do
do
do
do
Deo 1 1923
June 1 1924
Oot 1 1929
Sept 1 1925
Jan 1 1926
Mch 1 1926
Aug 1 1936
Jan 1 1935
Jan 1 1935
Mch 1 1947
A O Oct 1 1933
A J Jan 1 1913
A S Mch 1 1930
A J July 1 1930
earn. July 1 1930
Co’s office, 111 Broadway
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
L iberty N ational Bank
July 1908 coup last paid
g M A N
Q— F
g
M A N
Q— F
gJ A 0
gJ A J
N ov
N ov
N ov
N ov
Jan
Jan
See text
314 g
1.000 Ac $1,440,000
1.904.000
314 g
1.000 Ac
p416,000
314 g
1,000
314 g
1.000 Ac N on eJ u ly’ 1
314 g
1.000 Ac n l .940,000
2.125.000
314 g
1.000 Ac
314 g
1.000 Ac 03.926.000
528.000
314 g
1,000
3.900.000
314 g
1.000 Ac
000
1,000 15.000.
7.725.000
1,000
1.120.000
1,000
2,000,000
1,000
4H g
2,000,000
5 g
1,000
2,000,000 Up to5%
1,000
t*
4.000.
1,000
1,000 Ac
100
1.000 &C
1.000 Ac
1,000
500 Ac
1.000 Ac
1,000
k $202,
A
A
A
A
D
D
O
S
000
See
2.000.
000text. Seml-an 30 years
A A O Oct 1 1951
600.000
5 g
M A N N ov 1 2002
71.353.000
M A S Sept 1 1913
See text
74,877,200 See text. Quar Sept 30 ’ 12 I X
J
A J July 1 1917
6
12.500.000
J
A J Jan 1 1988
4 g
61.581.000
M
A
N May 1913-1918
8,964, ()()()
4 g
A A O Apr 1 1934
94.942.000
J A J 15 Jan 15 1932
20.000.
000 5 g
A A O Oct 1 1921
1,905,000
5 g
500: m.$489 ,000 (als o $5.91 0,000 on hand)
V
ie
Merch Loan A Tr Co.IChl
First National Bank, N Y
First" Nat B an k,’ N Y
do
do
do
do
First National Bank, N Y
do
do
New Y ork , L ondon , Ao.
do
do
n $160,000: o $74,000:
V . 90, p .1 6 7 5 ; V . 93. p .2 2 9 ; V .9 5 , p. 889; this suit has delayed reorgani
zation. Foreclosure decree under consol. M. was signed O ot. 8 1912, sale
to take place b y Jan. 1 1913. V . 95, p. 968.
Security-Holders' Committee.— Charles H . W arren (Chairman), Charles D .
Backus and Alfred Shepherd (W . W . Stevenson. 34 Nassau S t.,
Seo.
Bankers’ Trust C o., New Y ork, depositary.)
P L A N .— The plan of the above com m ittee, declared operative Oct. 26
1909, provides that a new co . shall acquire the road after foreclosure, subject
to the $2,000,000 prior lien m ortgage of 1900. The com m ittee is given
power to sell In the com m on interest.
The plan (V . 89. p. 285) authorizes an Issue o f $15,000,000 ' general and
refunding” 30-year gold 4 M s. Present Issue, $2,850,000. of which the
$1,100,000 issuable In exchange for the old consols and unpaid coupons are
to bear only 3 % Interest for the first 6 years. For six years the new bonds
are to be subject to call at par on any lnt. date on 60 days notice; thereafter
at 107 M Of the bonds, $2,000,000 will be reserved to refund prior llen,bonds
and $150,000 to aid In refunding, and $10,000,000 for extensions, Ao.
f. 4
4 U s. New Stock.
I f Pay.
R ef.
F or Each Old.
Out.
•50000
$625 00
$1,000 Consol. M. b o n d s .-$2,000,000
62 50
*50 00
---------100 Overdue co u p o n s..
100,000
1,000 00
1.000 E q . A car trusts—
181,000
............
100 00
400 00
1.000 Incom e M. b o n d s .- 2,000,000
$100 00
24 50
7 00
7 00
100 Preferred stock ____ 3,750,000
900
3 00
100 Common stock ____ 3,600,000
3 00
•Interest on these bonds reduced to 3 % for first six years.
Out o f the $2,850,000 “ general A refunding” 4 Ms. $&50,000 will be placed
In the treasury, and It is estimated that after providing for the floating debt
the new com pany will have free treasury assets in cash and “ general and re
funding m ortgage” bonds of over $1,000,000 to make needed im provem ents.
The new com pany will have a fixed annual charge of about $154,000 for
11Th’e Ylnking%nd bonds of 1879 are secured b y deposit In trust of $15,000.
000 o f 1st M. bonds at $15,000 per mile on subsidiary lines, the m ost im the first 6 years, which will be thereafter increased about $15,000 b y the
In rate from 3 % to 4 M % on the new bonds exchanged for old cons.
portant being described in “ Supplem ent” o f May 1894. Of the sinking fund Increase
who prefer not to make a cash paym ent as above provided
bonds o f 1879, $5,246,000 are 6s; the sinking fund Is at least 1% o f out areSecurity-holders
offered In new stock at face value voting trust certificates for $1,000
standing bonds, which are subject to call at 105, and through Its operation Income
tge. bonds, $60 In new stock: for $100 pref. stook, $4 in new stook:
those outstanding have been reduced from $15,000,000 to am ount In table. for $100m com
m on stock, $2 In new stock.
The extension bonds of 1886 are secured b y deposit In trust o f first m ort
E A R N IN G S.— 12 m os.,/1 9 11 -1 2 ......... Gross, $1,688,867; net, $115,406
gage bonds at a rate not exceeding $20,000 per mlle. Included In the^collat
July 1 to Juno 30.
11910-11_____Gross. 1,760.300: net. 158,679
eral July 1 1912 were $10,675,000 Frem ont Elkhorn A Mo. Valley lsts and
R eport for year to June 30 1911 was In V . 93. p. 1781. showing: Gross,
$2 560 000 W yom ing Central lsts (consolidated with I . E , A M . V .), A c.
* The Fremont Elkhorn & M issouri Valley consols have a first lien on 1,170 $1,766,301; net, after taxes. $158,679: other Income. $42,726; interest (not
miles (Frem ont. N eb ., to D eadw ood, S. D ., 557 miles, and branches to lncl. consol. M.) and rentals, $161,207; bal., sur., $40,198. Chief E xec.
Hastings. A lb ion , A o.. 613 miles): but besides the amount of issue given as Officer, John P. Ram sey. Springfield, 111.; Sec. a n d A u d ., H . W . Berger,
Springfield, 111.; Treas., F . J . W ilson.— V . 95, p. 889, 968.
outstanding In the table, $10,675,000 (along with Jr.»®60*Q°5
Central firsts, a F. E . A M. V . Issue) are held as part collateral for Chicago
CHICAGO RIVE R & IN DIANA R R .— Owns 10.30 miles of terminal road;
A N orth W estern extension bonds of 1886.
_
, .
In F eb. 1912 sold $15,000,000 Milwaukee Sparta & Northwestern R y . 1st A tch. T op . A Santa F c trackage. 9.11 m .; trackage through U nion Stock
Yards,
8.76 m .; total operated, 28.17 miles. Furnishes terminal facilities
M bonds guar. p. A 1. (and assumed in April 1912), and the property em
bracing terminal facilities at Milwaukee and Important cu t-off on line to to some 20 Industries and team tracks. Stock, $300,000; par. $100.
Of
the
first 5s of 1911 $100,000 were issued for Improvements and $500,000
Duluth, 179 miles o f road In all, merged In C. A N. W . V . 94, p. 416. 1050,
to retire the outstanding 5s of 1910. Additional bonds may be Issued for the
1185
The Des Plaines Valley R y . in Dec. 1911 authorized a mortgage to
cost of additional properties and franchises, but none for equipment In subsecure $2,500,000 bonds. None yet Issued. V . 93, p. 1190. 1786.
In 1912 permission was granted to Issue $10,000,000 equipment notes, stltutlon and replacement of that owned O ct. 1 1911. They are redeembut none Issued to Oct. 1912.
abY car ceding June'30 l°9 ?2 . K . s X i Y U ;
$52,100; other Income,
G E N E R A L FIN A N C E S.— New passenger terminals in Chicago costing
over $23,000,000 were opened June 4 1911. V . 87, p. 479, 881, 1159: V . 89, W
. « n ; rsee » a f ^
D 670’ V . 91, p. 807: V . 92, p. 1700. In N ov. 1910 sold $15,000,000 and
CHICAGO ROCK ISLAND & PACIFIC R A IL R O A D .-In co rp o ra te d In
in’ April 1911 $7,500,000 gen. 4s. V . 91, p . 1385.
Iow a on July 31 1902 as an operating com pany per plan V . 75. p. 239, to
E A R N IN G S .— For 2 m os. ending A ug. 31:
, _
2 M os
Gross.
N et.
Other Inc.
Charges.
B al.,S ur. take over the Chic. R . I. A Pao. Railway. The entire capital stock ($145.
1912
$147002.104
$3,815,721
$888,006 $1,670,730 $3,032,997 000,000) Is owned b y The R ock Island (holding) Co.
B O N D S.— The collateral trust 4s o f 2002 (authorized Issue $76,000,000)
1911-"."-"-- 12,907,472
3,500,475
651.694
1,415,747
2,736,422
arc secured b y a pledge with the trustee of an equal am ount of the stook of
R E P O R T .— The annual meeting Is held the third Thursday In O ctober. The C. R . I. A P. Railway as acquired. In June 1912 $71.3o3.op0 o f the
R eport for 1911-12 at length In V . 95, p. 743, 755; editorial, p. 717.
$74,877,200 Railway stock had been acquired.— (V . 94, p. i i o 4 j
Operating Revenues
1911-12.
191° --H ia 1909i ° « 9 o
CHICAGO ROCK ISLAND & PACIFIC R Y .— (See M ap Rockifslo n d C o.,
pages
110 and 111.)— The system extends from Chicago. 111., via Omaha,
m 1g1fter w e m ie Perat£ld-------------- " " $ 4 6 ,6 9 1 : 5 4 0 $49,024:958 $49,536’,839
N eb., to Denver and Colorado Springs, C ol., and, via Kansas City, M o., to
ig:655.6|7 1 9 , 1 8 . 4 3 1 , 0 1 7
Mall, express, & c............................ —
7,451,484
6,774,344
6,207,828 Santa R osa, New M ex., there connecting with the lines of the El Paso A
S. W . R R . Co. and forming with them and the Southern P a d h c a through
Total operating revenues.................... $73,698,591 574,918,186 $74,175,684 line to the Pacific Coast; also from Tucum carl, N. M ., to Memphis, Tenn.
Total net Incom e.................- .................... $20,996,748 $21,769,231 521,52a,371 and to Fort W orth, T e x., on the south and on the north to Minneapolis,
Rents— d e b its ___- ____
1,194,791
1,200,023
l*3J7,27o M inn., and W atertown, S. D ., with numerous branches, viz.:
Owned in F ee (Concluded) — Miles
Owned in F ee (5,370 M iles). M iles.
Interest on bonds, A c------------------------ 8,083,689
7,727,507
7,583,447
238,601
246,149 Chicago, 111., to Col. Spgs., C ol. 1,063 Glen R io , T ex. (T ex.-N . M. Stato
Sinking funds and other p a y m e n ts..
250,937
line) to Tucum carl, N . M ______ 42
9,108,015
8,040,438 Davenport, la ., to Terral, Okla. 708
Dividends on com m on stock, 7 % ____ 9,108,015
Branch lines........... ........................ 2,163
1,791,600
1,791,600 H erlngton, K a n ., to T exhom a,
Dividends on preferred stock, 8 % —
1,791.600
Cap. Stk. all owned (1.766 m.)
O k la ............................................ 323
Balance, surplus.................................
$567,716 $1,703,485 $2,466,459 Burlington, la ., to Mlnn’p.M lnn. 308 Choc. Okla. A Gulf (leased)___ 967
V inton, la ., to W atert’n, S. I ) . 376 Ch. R . I. A Gulf R y ___________ 469
O F F IC E R S .— Marvin H ughltt, Chairman; Pres., W m . A . Gardner, St. Louis, M o., to Kan. City, M o.284 R ock Island, Ark. A La. R R - 330
Chicago; V .-P ., S. A . Lynde; Seo., John Davis Caldwell, Chicago; Treas.
Perpet. lease; treated as oxoned—
B ravo, T ex. (New Mex. State line)
47
M. B. Van Zandt, 111 Broadway, New Y ork.
....
„
,T
to Santa Rosa, N . M .................. 112 Peoria A Bureau Valley R R . Co.
Directors.— Marvin H ughltt (Chairman). W . K . Vanderbilt, F . W -V a n derbllt, Chauncey M . Depew, James Stillman, James C. Fargo, W . k
Total mileage owned directly and through capital stock, A c . ............ .7,192
V anderbilt Jr., N . Y .; Byron L . Smith, Cyrus H . McCorm ick, Chauncey Leased Lines (see statement fo r each). Keokuk A Des Moines R y ., 162
K eep, John V . Farwell, W m . A . Gardner, Chicago; H . C. Frick, P itts
m .; W hite A Black River Valley R y . C o., 62 m -------------------------------- 224
burgh, P a .; David P . Kim ball, Oliver Am es, B oston; Zenas Crane, Dalton Trackage: Denver, Pueblo, Kansas C ity, A o........................................ —
o*u
Mass.; Hom er A . Miller, Des Moines, la .— (V . 95, p . 743, 755, 1039.)
-;8’92G
T
otal
mileage
June
30
1912......................................................................
CHICAGO PEORIA & ST. LOUIS R Y .— R O A D .— Owns from Pekin to
The R ock Island Interests In April 1906 acquired a half Interest In the
Granite City, 111., 180 miles; Granite City to Madison, 2 miles; Madison to Trinity A Brazos Valley R y ., owning a line from Cleburne to H ouston, T e x .,
Bridge J et., 3 m .; Havana to Jacksonville, 111., 42 m .; branch, L ockhaven 236 miles, with branch to W axahatchle, 67 miles, and trackage rights from
to Grafton, 8 m .; total owned, 235 m .; trackage, Pekin to Peoria, 10 m .; Cleburne to Fort W orth, W axahatchle to Dallas and H ouston to Galveston.
In Springfield, 1 M m .; to S t. Louis Station, 9 m .; total 255 M miles.
H IS T O R Y .— A consolidation June 2 1880 with $50,000,000 stock.
’
On July 1 1909 Pres. John P . Ram sey and Henry M. Merrlam of Spring
In June 1912 $71,353,000 of the $74,877,200 capital stock had been de
field 111., were appointed receivers, the January and July 1909 coupons
on the consols being In default. V . 89, p. 41. The Chic. Peoria A St. L . posited per plan V . 75, p. 239, each $100 stock being exchanged for the fol
R R was Incorporated as successor on D ec. 6 1909, with $4,000,000 auth. lowing securities: $100 In 100-year 4 % gold bonds o f the Ohio. R . I. A Pao.
stook . V . 89, p . 1541. Favorable decision In 2-cent fare suit July 1911. Railroad (of Iowa) and $70 pref. andl$100 co m . stook oL T ho R ock Island
H IS T O R Y . A c.— A Vanderbilt line (V . 75. p. 1086) organized In 1859.
Tn Spnt 10 2 about 111 miles had been com pleted and 35 were under constnfctlon
V 8 9 P . 1410; V . 91. p . 808: V . 93. p. 1190: V . 94, p . 206.
I n O ct 1912 the S t. Paul E a s to n Grand Trunk, 56 m .. was m erged.
V . 95. p . 419, 1039.
C A P IT A L ST O C K .— Of the co m . stock, $2,338,427, and of the pref. $3.
835 remained In com pany’s treasury in July 1912. Pref. stock has prior
rieht to 7 % ’ then com . 7 % : then pref. 3 % , then com . 3 % : then both classes
share. Stockholders In Jan. 1910 subscribed for $30,502,650 com m on at
par, raising the am ount outstanding to $130,121,500. V . 89. d . 1482.
V In Jan. 1912 U. P . system (Oregon Short Line) owned $4,018,700 stock,
the com pany owning July 1912 $4,171,500 Union Pacific p ref. stock.
The consolidated sinking fund bonds o f 1915 have voting power.
D IV ID E N D S —
1 ’ 86-’93. ’94. ’ 95. ’ 96-’ 99. ’00. 1901. 1902-O ct.’ 12.
6
7 yearly
3
4 5 y ’ ly
6
Com m on .................... f 6 y ’ ly
— 8 y ’ly—
P re fe r re d ___________ J---------------------- 7 yearly--------------- ----B O N D S .— General Mortgage.— See Abstract In V . 65, p 1176. The
authorized Issue Is $165,000,000 (U . S. Trust C o., trustee); *131.645.000
were reserved to retire underlying bonds (of which $46,595,000 had been
retired to June 30 1911), and remainder for additions and Im provem ents,
$4,000,000 at once and $1,000,000 a year thereafter. V . 65, p. 1070, V . 65.
D 69, i l l , 571: V . 75. p .9 8 0 ; V . 88. p .2 8 0 , 563. In N ov. 1910 $15,000,000
gen. 4s were sold to retire $12,000,000 prior bonds and for other purposes,
and In A pril 1911 $7,500,000 to retire $6,500,000 old bonds and for other
purposes. In July 1912 there were $30,827,000 gen. 3 Ms outstanding and
there were held in the com pany’s sinking funds $489,000. and due from the
trustee $5,910,000 bonds. V . 91, p. 1385; V . 90, p. 1489; V . 92, p. 117,
Oct., 1912.]
R A ILR O A D C O M P A N IE S
[F o r abbreviations. A c ., see notes on first page]
& Pacific (Concluded)—
13 c R & N o r consol first m ortgage g o ld _ _ C e .c * &r
M in n eap olis & S t L ou is 1st M gold (a ssu m e d )------- F
Miles Date
Road Bonds
Chicago Rock Island
L R o c k B ridge 1st M a ssu m ed g red (te x t) .Q P .c *
C onsol m tg c g o ld --------- - - - ------------ a — QP-C*
R X A & L 1st M $ 3 0 ,0 0 0 ,0 0 0 g gu red lO o B a .x c * &r*
S t P & K C S h ort L — 1st M g gu red 1 0 5 - B a .x o * & r *
R o o k Island-’ Frisco T e rm 1st M g guar J o i n t l y . . . o *
P eoria R y T e rm 1st m tge gold guar J ointly r e d _ .I C
do
do
2d M , prln g u a r J o l m l y -----------------E q u ip n otes due $ 3 2 5 ,0 0 0 sem i-a n ( V 8 4 , p 3 3 8 ) . - B a
do
Scr B d u e $ 6 0 ,0 0 0 s e m i-a n n u a lly -------------------do
Ser C gold due $ 2 6 5 ,0 0 0 se m i-a n n ------------C e .c
do
Ser D g $ 2 2 5 ,0 0 0 s -a (V 9 0 , p 9 1 3 , 1 3 6 2 ) . . Ba
do
S er E g $ 5 ,0 0 0 d u e s e m i-a n n u a lly ...................... ..
do
Ser F g $ 1 2 ,0 0 0 s-a (V 9 3 , p 9 3 9 ) ....................Ba
R I lm p t equ ip n otes gu p & I $ 2 2 5 ,0 0 0 s - a -----------Ba
do
Ser B $ 2 8 0 ,0 0 0 s -a (V 9 3 , p 9 3 9 ) -----------Ba
Ch A R I E lcv M g gu due $ 5 0 ,0 0 0 y r ly red p a r . _c*
C onsol In d C oal 1st M g Int gu red 11 0 8 f - . G . o * & r
Chicago St Lou is & N ew O rle an s— See Illin ois C en tral.
Chicago St Paul Minn & O m a h a — C om m o n s t o c k ------P referred stock n o n -c u m Including scrip (see te x t) . .
Ch S t P & M inn 1st M gold E lr o y to L S t C ass’ d . _o*
S t P & S io u x C ity 1st M gold $ 1 0 ,0 0 0 per m l l e .-C e .c
N o r W Is 1st M L ak e S t C to near Spooner a ss'd C e.o*
S a u lt S te M arie & S ou th w estern 1st M a s s u m e d . . .c
S up erior S h ort L in e 1st M $ 1 ,5 0 0 ,0 0 0 M s u ’d U n .c *
C S t P M & O m tg e $ 3 0 ,0 0 0 ,0 0 0 ($ 1 5 ,0 0 0 p m )C e .o *
do
do
consols Interest r e d u ce d ------D e b en tu re s gold $ 1 5 ,0 0 0 ,0 0 0 a u t h . . .
C c x c *& r *
Chicago Terminal T ran sfer— See B & O C hicago Term
Chicago Terre Haute & S E— S to c k --------------- ----------------B e d fo r d B elt first m o rtg a g e , n ot assu m ed
• S ou In d ia n a 1st M g (see text) n o t a s s u m e d ..Q P .c *
1st a n d ref M $ 2 0 ,0 0 0 ,0 0 0 g c all 1 0 7 H - - - I C . x o * & r *
In c o m e M $ 6 ,5 0 0 ,0 0 0 call p ar (cu m a ft 2 y r s ) ------- FC
998
12
113
351
282
335
308
...
17 7
607
80
37
...
~
228
359
Par
Value
Amount
Outstanding
Rate
%
18 8 4
18 7 7
1885
1894
18 99
18 99
19 02
19 1 0
1911
19 0 7
1907
1907
1907
1907
1 9 09
1910
1911
1911
1905
1905
19 04
1905
$ l ,0 0 0 & c $ 1 1 ,0 0 0 ,0 0 0
5 0 0 &c
1 5 0 ,0 0 0
1 ,0 0 0 &c
4 5 0 ,0 0 0
1 ,0 0 0
5 ,5 0 0 ,0 0 0
1 ,0 0 0
3 ,5 2 5 ,0 0 0
1 ,0 0 0
1 7 5 ,0 0 0
1 ,0 0 0
5 ,4 1 1 ,0 0 0
10 0 &c 1 1 .0 0 0 ,0 0 0
$ & £
1 0 .0 0 0 ,0 0 0
$ 1 ,0 0 0
3 ,3 9 0 ,0 0 0
1 ,0 0 0
9 4 4 ,0 0 0
1 ,0 0 0
2 8 0 ,0 0 0
1 ,0 0 0
2 ,9 2 5 ,0 0 0
1 ,0 0 0
6 0 ,0 0 0
1 ,0 0 0
3 ,7 1 0 ,0 0 0
1 ,0 0 0
5 ,6 2 5 .0 0 0
1 ,0 0 0
8 5 ,0 0 0
1 ,0 0 0
3 3 6 ,0 0 0
1 ,0 0 0
1 .3 5 0 .0 0 0
1 ,0 0 0
1 ,0 8 0 ,0 0 0
1 ,0 0 0
6 0 0 ,0 0 0
1 ,0 0 0
2 ,7 7 3 ,0 0 0
1878
1879
1880
1890
18 95
18 80
18 8 0
19 12
10 0
10 0
5 0 0 &c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 &C
1 8 ,5 5 6 ,2 0 0 7 in 1 9 1 2
1 1 ,2 5 6 ,8 0 0 7 in 1 9 1 2
6 g
1 ,0 7 7 ,0 0 0
6 .0 7 0 ,0 0 0
6 g
6
6 1 6 ,0 0 0
5
3 5 0 ,0 0 0
5
1 ,5 0 0 .0 0 0
6
1 6 ,7 0 0 ,0 0 0
3 ,7 3 4 ,0 0 0
3M
5 .0 0 0 ,0 0 0
5 g
$100
4 ,3 0 0 ,0 0 0
3 5 0 ,0 0 0
5
4 g
7 ,5 3 7 ,0 0 0
3 ,9 5 0 ,0 0 0
5 g
6 .5 0 0 ,0 0 0 S e p t ’1 2 ,1
18 9 8
1901
1910
1 0 0 &c
1 ,0 0 0
l.OOO&c
—
C H IC A G O R O C K I S L A N D & P A C IF I C RY.— (Concluded)
C o m p a n y ” (of N ew J e r se y ), w hich ow n s th e en tire c ap ital sto ck o f the
com pany.
S ee s ta te m e n ts for th ose c o m p a n ie s.
T h e p roperties o f th e form er B u r l. C edar R a p id s & N o r . an d R o c k I s l. A
P eoria are n ow ow n ed in fe e .
V . 7 4 . p. 1194, 1250.
D I V ’ S — 1 ’9 9 -’ 0 2 . ’0 3 . ’ 0 4 . ’ 0 5 . ’ 0 6 . ’ 0 7 . '0 8 . ’ 0 9 . ’ 1 0 . ’ l l .
1912.
P e r c e n t . . / 5 y ’ ly . 7 H 8 H 7 .8 8
6
5J£ 5 H 5 H 4M 6 M 1 H . 1 1
A ,1 'A ,—
D ivid e n d s arc Intended to cover o n ly Interest req u irem en ts o f th e C hlo.
R . I . A P ao. R ailroad C o ., w hich w ere red u ced on sale o f th e S t . L . A S . F .
sto ck la te In 1 9 0 9 .
V . 90, p. 626, 628.
B O N D S .— O f th e general 4s o f 1 8 9 8 , th ose u nissu ed are a v a ila b le as fol
low s: $ 1 8 ,9 0 0 ,0 0 0 a t n ot ove r $ 1 ,0 0 0 ,0 0 0 per an n u m fo r p erm an en t Im p rove
m e n ts an d a d d itio n s, ln cl. e q u ip m e n t; B ank ers T r u st C o ., N . Y . , an d B e n i.
S tro n g J r ., tru stees.
A b s tr a c t, V . 6 6 , p . 5 2 2 ; V . 7 8 , p . 2 2 8 ; V . 8 0 , p . 4 7 2 .
T h e collateral tru st gold 4s o f 1 9 0 2 ( $ 2 4 ,0 0 0 ,0 0 0 au th orized ) are secured
b y d ep o sit o f all stock of C h oc. O k la . & G u lf R R . V . 7 4 , p .7 7 5 , 8 2 9 . 9 3 6 , 1 3 5 6 .
R E F U N D IN G 4 % B O N D S OF 19 04 ( $ 1 6 3 ,0 0 0 ,0 0 0 A U T H O R IZE D IS S U E )
A first lien (either d irectly or throu gh p led ge o f en tire issues o f b ond s of
th e c om p an ie s ow n ing th e sam e) on term in al p rop e rty In S t . P aul an d M in
n eap olis, new e q u ip m en t an d sh ops a t S llv is, near E a s t M o lin e, 111., an d on
railw ays aggregatin g 1 ,1 5 8 m iles; also a Junior lien su b je c t to e x istin g m o rt
gages on all the other lines o f th e sy ste m o f th e R ailw ay c o m p a n y a ggre gat
in g , ex clu sive o f leased lines an d tra ck a g e, 5 .6 8 2 m iles. See V . 7 8 , p . 2 2 8 ,
2 3 4 - V 7 9 p. 1 7 1 6 . 2 2 0 6 : V . 8 4 . p . 2 1 9 : V 8 5 . p . 9 8 .
O f th e $ 9 4 ,9 4 2 ,0 0 0 of these b ond s o u tstan d in g In J un e 1 9 1 2 , $ 3 3 ,3 1 2 ,0 0 0
h ad been issued for refu nd ing purposes, $ 1 5 ,0 0 0 ,0 0 0 to reim bu rse treasu ry,
$ 2 4 ,1 3 0 ,0 0 0 for a c q u isitio n o f p rop e rty or secu rities an d $ 2 2 ,5 0 0 ,0 0 0 for
Im p r o v e m e n ts.
O f the rem a in in g $ 6 8 ,0 5 8 ,0 0 0 bon d s au th orize d , $ 4 8 ,7 1 3 ,00<j were reserved for u n d erlyin g b o n d s, $ 1 3 ,5 0 0 ,0 0 0 to p a y for 7 5 % o f
th e purchase price o f b ond s o f oth er c o s ., an d th e $ 5 ,8 4 5 ,0 0 0 balan ce fo r
Im p ro v e m e n ts an d acqu isition s of oth er properties or secu rities.
V . 87,
p . 1 0 8 9 , 1419 ; V . 8 8 . p . 6 2 3 , 8 2 2 ; V . 8 9 , n . 6 6 6 : V . 9 0 . p . 1 0 8 . 2 3 6 , 1 1 7 0 ,
1 4 2 4 ; V . 9 1 , p. 1 7 6 0 ; V . 9 2 , p . 1 0 3 1 . 1 3 1 0 ; V . 9 3 , p . 1 6 6 7 , 1 7 8 5 .
T h e $ 2 0 ,0 0 0 ,0 0 0 2 0 -y e a r 5 % deb en tu res o f 1 9 1 2 w ere sold to p rovide for
term in al properties a t O m a h a , new term in als an d a bridge across th e M is
sissippi R iv e r a t M e m p h is, variou s a d d itio n s an d b e tte r m e n ts ,a n d to p a y
a t m a tu r ity secu rities fallin g d u e In 1 9 1 2 an d 1 9 1 3 .
T h e ‘ ‘ first an d refu n d
in g ” b o n d s an d a n y term in al securities issued In 19 1 2 a n d 1 9 13 will be tak en
Into th e tre asu ry an d b e availa b le for sale.
N o new m o r tg a g e shall be m a d e
w ith o u t secu rin g d eb en tu res e q u a lly thereunder. V . 9 4 , p. 2 0 6 , 2 7 8 , 1 4 4 8 .
P eoria It y . T erm in al 1st 4s ( $ 1 ,5 0 0 ,0 0 0 a u t h .) , gu aran teed Jointly w ith
C hicago A A lt o n , are su b je c t to call a t 10 2 M after J u ly 1 1 9 1 6 ; also Jointly
gu aran tees $ 2 8 0 ,0 0 0 2d 5s as to principal o n ly .
V . 85 , p . 159.
A s to C hlo. R . I . & P ac. E le v a to r m t g e ., sec V . 7 9 . p . 2 5 9 0 ; V . 8 2 , p . 7 5 0 .
A s to C o n so l. In d ia n a Coal 5 s , Interest g u a r ., sec V . 8 0 , p . 2 4 0 1 , 2 6 2 3 ;
form o f g u a r a n ty , V . 8 2 , p . 1 4 9 9 .
R o ck Isla n d -F r lsc o T e rm in a l R y . 5 s ,
gu aran teed J ointly, V . 8 4 , p . 5 6 9 . 7 4 8 .
ROCK I . A R K . & L A . 1S T M . 4 MS. G U A R . P . & I . . $ 3 0 ,0 0 0 ,0 0 0 A U T H .
S ecured b y a d irect llrst lien on 3 0 8 .4 2 m iles, w ith tra ck age righ ts over
3 7 .8 9
m ile s, an d on e q u ip , w orth a b o u t $ 1 ,6 0 0 ,0 0 0 .
O f the rem ain in g
b o n d s, $ 1 0 ,0 0 0 ,0 0 0 are Issuable for new m ileage a t ac tu a l c o st, n o t e x re e d ln g $ 3 0 ,0 0 0 per m ile, and $ 9 ,0 0 0 ,0 0 0 a t cost o f ad d ition s an d b ette rm en ts to
p rop erties, ex clu sive of e q u ip m e n t, on w hich th e m t g e . Is a first lien.
V 90 p 6 °6 699 1161.
T h e $ 4 5 3 ,0 0 0 R . I . A r k . & L a . n otes give n in
p a y m e n t’ for 2 3 m iles purchased from L ittle R o c k A r k . & L a . arc also g u a r ,
by C. R . I. A P .
V . 9 3 . P. 3 4 5 . 4 6 9 .
S T P A K A N C IT Y 1S T M . 4 M S. G U A R. P . A I . , $ 3 0 ,0 0 0 ,0 0 0 A U T H .
O f th e b o n d s, the $ 1 0 ,0 0 0 ,0 0 0 sold F e b . 1911 arc secu red b y a d irect first
lien on a b o u t 12 6 m iles o f road and also on 3 .1 4 m . fo rm e rly ow n ed b y D es
M oin es W e ste rn R y .,a n d will be further secured b y 6 7 .6 5 m iles fro m A lter
t o n . I o w a , to C arlisle.
O f the rem ainin g b o n d s, $ 1 0 ,0 0 0 ,0 0 0 are reserved
a t par for new m ileage a t a c tu a l c o st an d $ 1 0 ,0 0 0 ,0 0 0 a t par for actu al cost
o f ad d ition s an d b ette rm en ts to properties on w hich th e m t g e . secu rin g the
Issue is a first lien. V . 9 2 , p . 5 2 6 , 5 9 3 , 1 3 1 1 ; V . 9 3 , p . 1 1 9 6 , 1 2 5 9 , 1 6 6 7 ,1 7 2 5 ;
V . 9 4 , P. 1 0 5 6 .
C ap italization per m ile June 3 0 1 9 1 2 : S to c k , $ 1 0 ,4 2 1 ; b o n d s, in clu d ing
e q u ip m en t tru sts. $ 3 4 ,9 0 2 .
E AiIR N I N G S .— 2 m o s .,J1 9 1 2 ----------- G ross, $ 1 2 ,3 3 2 ,2 6 8 ; n e t, $ 3 ,6 8 6 ,9 0 9
J u ly 1 to A u g . 3 1 .
1 1 9 1 1 _______ G ross,
1 0 ,8 3 3 ,2 7 0 ; n e t, 2 ,0 5 7 ,3 4 4
R E P O R T .— F o r y e a r 1 9 1 1 -1 2 , see ‘ 'C h r o n ic le ” O c t . 2 0 .
Year ending J u n e 3 0 —
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
A v e r a g e m ile s --------------8 ,0 2 6
8 ,0 2 6
8 ,0 4 3
T o ta l o p er a tin g r e v e n u e --------- ----------- - - $ 0 4 , 7 1 2 , 8 5 3 $ 0 8 ,4 8 7 ,4 7 3 $ 6 6 ,2 2 0 ,5 7 9
O p eratin g In com e (a fte r t a x e s ) .................$ 1 5 ,2 0 0 ,4 9 8 $ 1 6 ,7 2 3 ,1 3 9 $ 1 5 ,2 7 4 ,5 0 9
1 5 ,4 9 7 ,7 4 1
T o ta l n e t I n c o m e - . - ........................................ 1 5 ,8 8 7 ,2 8 9 1 6 ,9 0 8 ,6 1 0
In te r e st an d r e n ta ls........................................ 1 2 ,0 3 0 ,8 9 2 1 1 ,4 0 5 ,9 0 2
1 0 ,7 4 9 ,8 0 0
D ivid e n d s ........... - ....................................... ( 5 ) 3 ,7 4 3 .7 0 0 ( 5 1 4 ) 3 ,9 3 0 ,9 4 8 ( 5 ) 3 ,7 4 3 ,2 7 2
R ailro ad
B a la n ce , su rp lu s---------------------- ----------$ 1 0 0 ,0 3 7
$ 1 ,5 1 1 ,7 6 6
$ 1 ,0 0 4 ,6 0 9
O F F I C E R S .— P re s., H . U . M u d g e ; V lc e -P r e s ., S e c . and T r c a s ., G e o . I I .
C ro sb y . C hicago; A s s t . S e c . an d A s s t . T r c a s ., J . J . Q u in la n .
N . Y . office.
B a n k ers T ru st Building— (V . 9 4 , p . 2 0 5 , 2 7 8 , 3 5 0 , 1 0 5 6 , 1 4 4 8 .)
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA RY.— (See M ap Chi
cago A N orth W estern.) — R O A D .— E lr o y , W I s ., to O m a n n , N e b ., 5 9 3 m iles;
other lines, 1 ,1 5 1 m .; to ta l, J u ly 1 1 9 1 2 . 1 ,7 4 4 m iles, o f which 1 ,6 7 4 are
ow ned a n d 7 0 m iles le a sed . V . 6 9 , p . 1 1 4 7 .
H I S T O R Y .— T h is was a consolidation J u ly 1 8 8 0 o f th e C hicago S t . P aul
A M in n e apolis, the N o rth W isconsin and the S t . P aul A S io u x C ity .
I n N o v e m b e r 18 83 Chicago A N orth W e ste rn R y . purchased co n tro l,
v i z .. $ 9 ,3 2 0 ,0 0 0 c o m m o n and $ 5 ,3 8 0 ,0 0 0 p referred.
S T O C K .— A u th o rize d c o m m o n . $ 2 1 ,4 0 3 ,2 9 3 ; preferred, $ 1 2 ,6 4 6 ,8 3 3 .
n c l d b y the c o m p a n y June 3 0 1 9 1 2 , c o m m o n sto ck a n d scrip. $ 2 ,8 4 4 ,2 0 7 ;
preferred stock an d scrip, $ 1 ,3 8 6 ,9 2 1 .
Preferred sto ck has a prior right
to n o n -c u m . divid end of 7 % , b ut c o m . Is never to receive m ore than p ref.
D X V S .— 1 ’ 9 3 - ’9 0 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 0 0 . '0 1 . ’ 0 2 . ’0 3 . ’ 0 4 . '0 5 - ’ l l .
1912.
C o m m o n -.)
N one
2
2 3M 5
5
8
6
6 7
y ’ ly
7
P r e f e r r e d % j---------------------------------- 7 per an n u m ( 3 ) 4 F . & A . ) ------------------------------
37
R A ILW A Y STOCKS AND BONDS
5
7
6
5
5
6
5
g
g
When
Payable
A
J
.1
g
g
g
g
J
J
J
M
4M e M
4M g F
5 g
J
4 g
J
5
J
F
4M
6
A
4M g A
4M g \r
5 g
J
4M e F
4M e J
4M « M
5 g
A
5 g
J
F
F
M
A
J
M
M
J
J
if
&
&
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
O A pr 1 1934
D Jun e 1 1 9 2 7
J J u ly 1 1 9 2 5
J O ct 1 1919
J Jan 1 1 9 4 9
.1 J u ly 1 1 9 1 9
N M a y 1 1952
S M ch 1 1 9 3 4
A F e b 1 19 41
J Jan 1 1 9 2 7
J Jan 1 1 9 3 7
J 2007
A F e b '1 3 -F e b ’ 17
O A p r ’ 1 3 -A p r ’ 13
O A p r ’ 1 3 -O o t ’ 19
N M ay ’ 1 3 -M a y '2 5
.1 J an ’ 1 3 -J a n ’ 21
A F eb ’ 1 3 -A u g ’2 6
,T J an ’ 13-J an '1 5
N M a y ’ 1 3 -N o v ’ 15
O O c t 1 '1 3 - ’ 2 4
D Jun e 1 1 9 3 5
N e w Y o r k , L o n d o n , &o
do
ao
do
do
do
o r P h lla
do
o r P h lla
F irst N a tio n a l B a n k . N Y
do
or P h lla
do
or E urop e
N e w Y o r k an d L o n d o n
E q u lt T r C o, N Y ; A S t L
F irst N a tio n a l B a n k , N Y
do
do
do
do
u o i v e T F isk & S o n s, N T
F irst N a tio n a l B a n k . N Y
do
do
U S E x p r e ss C o
B an k ers T r u st C o N Y
do
do
do
do
F irst T r & S a v B k , Ohio
G u a ra n ty T r u st C o , N Y
A A u g 2 0 '1 2 , 3 M O ffice 11 1 B ’ w a y , N Y
do
do
A A u g 2 0 ’ 1 2 . 3M
do
do
M a y 1 1918
do
do
O Apr 1 1 9 1 9
do
do
J Jan 1 1 9 3 0
do
N N ov 1 1915
do
S J un e 1 1 9 30
D June 1 1 9 3 0
do
do
do
D June 1 1 9 3 0
do
S M ch 1 1 9 3 0
N
J
A J
A A
F
J
A D
See t e x t .
J u ly
F eb
Dec
D eo
1
1
1
1
1938
1 9 51
1960
1960
B an k ers T r u st C o , N Y
1st N a t B k N Y :or C h icago
BONDS.— In April 1911 the $1,500,000 Superior Short Line Ry. 5s held
In the treasury were sold. V. 92, p. 954, 1310. Ch. St. P. & Minn. 1st 6s.
due 1918, and North Wise. 1st 6s, due 1930. are exchangeable at option of
holder at any time, $ for $, for consol. 6s. V. 68, p. 521; V. 77. p. 2389. In
Feb. 1912 sold $5,000,000 5% debentures under a debenture agreement
providing for $15,000,000. Any increased mortgage (except for extensions)
must equally secure debentures. V. 94, p. 278, 487, 1316; V. 95, p. 812.
EARNINGS.— For 2 months ending Aug. 31:
2 Months—
Gross Incom e.
N et.
Charges.
Bal., Sur.
1912
$2,774,326
$058,671
$351,122
$307,543
1911 .........- ............. ..
2.491,739
503,450
343,956
159,501
REPORT,— Year ends June 30. Report for 1911-12, V. 95, p. 812.
1911-12.
1910-11.
1909-10.
Total operating revenue.............$15,135,426
$16,092,851 $15,095,023
Operating expenses...............
10,460,216 10,656,053 9,888,479
Net operating Income_______ $4,669,210
4,122,304
Total net income.................................
Interest on b o n d s ..................... 1,649,029
388,672
Rentals and miscellaneous____
Dividends on common stock (7 % )_ 1,298,934
Dividends on preferred stock (7 % )-.
787,976
$5,436,053 $5,206,544
$4,833,220 $4,665,504
1,631,590 1,611,567
335,245
438,652
1,298,934 1,298,934
787,976
787,976
Net surplus for year________ dcf.$2,307
$729,475
$528,375
— (V. 93, p. 865; V. 94, p. 278, 487, 1310; V. 95, p. 744, 812.)
CHICAGO TERRE HAUTE & SOUTHEASTERN R A IL W A Y — Owns
Chicago Heights, 111., via Terre Haute to Seymour, Ind., 271.66 miles;
Westport branch, Seymour to Westport, 26.45 miles; Sullivan branch,
Blackhawk to Sullivan, 18.48 m.; Bedford to Oolitic, 4.19 m.; other
branches, 38.09 m.; total, 358.87 miles. Incorp. In Indiana and Illinois
In Nov. 1910 as successor to the Southern Indiana Ry. and the Chicago
Southern Ry. (both foreclosed), per plan V. 91, p. 337, 333. Possession
taken Jan. 1 1911 (V. 92, p. 59). Has also acquired the Bedford Belt R y.
STOCK.— The $4,300,000 com. stock, except shares necessary to qualify
directors, have been placed In a voting trust until Deo. 24 1920, unless
sooner terminated, as provided In the agreement. Roy C. Osgood, Frank
F. Taylor and Geo. A . Jackson, voting trustees.
BONDS.— The new "first and ref.” M. will secure not exceeding $20.
000,000 50-year bonds, being a first lien upon the road and most of the
equipment formerly owned by the Chicago Southern Ry. Co., and a general
mortgage upon the property formerly comprising the Southern Indiana
Ry. Co., subject to tne So. Ind. 1st M. ($7,537,000) and a general mtge.
upon former Bedford Belt Ry. V. 91, p. 337; V. 92, p. 596; V. 94, p. 1118
•P u r p o s e s f o r w h i c h $20,000,000 F i r s t a n d R e f u n d i n g B o n d s a r e I s s u a b l e
Issued under provisions of plan...... ....................... ....... ..................$3,950,000
Issuable for corporate purposes...................................
— 1,500,000
Reserved to retire So. Ind. Ry. and Bedford Belt 1st M. bon ds.. 7,887,000
Reserved under careful restrictions for extensions, additions. Im
provements, acquisition of sub-company stock and bonds, &c.
_____
(of which $850,000 Issued)_________________________________ 6,663,000
The Income bonds dated Dec. 1 1910, $6,500,000. bear Interest (a) for
first two years 4% non-cumulatlve, payable out of net earnings in the dls
cretlon of the directors to the extent that net earnings warrant such pay
ment; (b) from Dec. 1 1912, 5 % per annum from net earnings (determined
as provided In the mortgage), payable If the directors shall so declare,
but cumulative to extent not paid. The Incomes have at all stockholders’
meetings one vote for each $100 par value, the condition and manner of
casting such vote being fully stated In the mtge. Dlv. on incomes. 1% ,
paid Sept. 1911; Mch. 1 1912, 1% ; Sept. 1 1912, 1% . V. 95, p. 419.
REPORT.— For year ending June 30 1911 In V. 94, p. 622. In 1911-12,
Gross, $1,827,361; net, $532,285; other Income, $332,964: total net Income,
$865,249; int., taxes, &c.. $614,848; int. on Income bonds (2 % ), $130,000;
bal., sur., $120,401.
OFFICERS, &c.— Pres., M. J. Carpenter; V.-Pres., E. K. Boisot; Sec.;
E. T. Fidler; Treas., E. F. Young. Directors: M. J. Carpenter, E . K.
Boisot, Chas. Porter. J. S. Field, A. W. Howard. F. O. Wetmore. John
T. Beasley.— (V. 93, p. 407, 469; V. 94, p. 622, 1118, 1626; V. 95, p. 419.)
CHICAGO UTILITIES CO.— Incorporated in Maine April 9 1912 to
succeed (per plan V. 94. p. 938. 939, 1386; V. 94, p. 350) the Illinois Tunnel
Co. and Chicago Subwav Co. foreclosed Mch. 26 and April 3 1912, respec
tively. V. 94, p. 911, 1056, 1118. Reorganized per plan of Oct. 2 1911.
(V. 93, p. 938, 939, 1386.)
Company acquired (either directly or otherwise) all the properties of the
several companies, free of all incumbrances, except the $616,000 Chicago
Dock Co. mtge., $224,500 Chicago Dock purchase-money note of Tunnel
Co. and $260,450 purchase-money note of same co., and the $1,030,000
receivers’ note (extended to July 1 1913). In Oct. 1912 the Chicago Dock
property was sold for $3,500,000, the $616,000 4% mtge. following the
property and the $260,450 notes being paid. The Utilities Co., It Is said,
will purchase other terminal property. V. 95, p. 1039.
The Illinois Tunnel Co. had completed Oct. 1911 58 miles of tunnel;
equipped with narrow-gauge electrlo motors and cars, designed for the
transfer of freight between the various railroad terminals In the City of Chi
cago, and from these tunnels to and from the downtown business district
and between business houses; see V. 86, p. 720; V. 87, p. 1357; also tele
phone system (established by the receivers) with 8 exchanges and over 20.
000 subscribers. Present capacity of exchanges, 27,200 telephones. See
V. 93, p. 938. $3,500,000 2-year receivers’ certificates were issued with a
first lien on all the property of the Illinois Tunnel Co. and the Chicago Sub
way Co., to complete the telephone system, opened Oct. 1910. V. 90,p .771,
848; V.91,p.462; V .92,p.ll78, 1564; V.89,p.1482; V.93.P.589. In 1911 $1,
000,000 additional 1-year 6% certfs. were sold, Junior In all respects to the •
$3,500,000 of 1910, to provide for exten. of teleph. system. V. 93, p. 346,
Reorganization Committee.— William Stewart Tod, Henry W . de F-orest
and I*. C. Krauthoff.
•
38
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first pace]
Miles Date
Road Bonds
Amount
Outstanding
Par
Value
Chicago Utilities— Securities to Re Issued & Assumed
Comm on stock $22.500,000......... - ..................... ........
Pref stock 5 % non-cum §30,500.000_______________
Chicago Subway Co receivers’ notes extend ed ______
$01,000
111 Tunnel purchase m oney notes see te x t__________
1912
1st M series A gold red par §20,000,000......... .............
1912
do
Series B gold red par $ 4,0 0 0 ,0 0 0 --............
1,000
1905
Chicago & Wabash Valley R y— First m ortgage______
100
Chicago & Western Indiana— Stock (see t e x t )______
1882
1,000
General mortgage gold sink fund subj to call 105-O*
1902 1,000 Ac
Cons M $50,000,000 g . . . ...........................IC.c*Ar*
1912
First and ref M $ 200.000,000___________________ Ba
1912
3-year Interim notes secured b y 1st & ref M . _______
Chicago & W est Michigan— See Pere Marquette R R
Chicago Wisconsin & Minnesota— Sec W isconsin Cent
1,000
180 1905
Chihuahua & Pacific— First M g o l d _______________Ba
C hoctaw & Memphis— See Chlo R ock Isl A Pac R y
Choctaw Okla & Gulf R R — See Chic R ock I A Pao R y
Cincinnati Dayton & Ironton— See Clucln Ham & Day
1,000
91 1903
Cincinnati Find & Ft VV— 1st M g guar end red__N .o*
100
Cincinnati Hamilton & Dayton— Comm on s tock -----100
P ref, 5% (rem aln'g §7,751,425 canceled;V 91 p 1092)
59 1887
1,000
Second (now first) mortgage gold _____________ Fc*
59 1892
General m ortgage $7,800,000 gold ___________ Me.c*
1,000
Cincinnati Dayton A Chicago first m tgc gold -------- N
1,000
95 1892
1,000
107 1891
Cln D ay A Ironton 1st M g guar (assum ed)___Ce.c*
Cincinnati A Dayton 1st m ortgage/
All
I -----1,000
13 1887
Toledo Findlay A Springfield 1st M - i owned J-----1,000
14 1889
All 1909
1st A ref M §75,000,000 auth, part g u .B a x .c ’ Ar*
A £
All 1909
General mortgage §2O,O0O,OOO redeemable te x t -.C e
Coll tr pur m notes$l 1,557,000 g
A1 red parCe.xc
1,000
1908
1,000
Car trusts gold $54,000 due s-a
: . O ct '0 0 - -C e.c
1905
Car trusts §92,000 due semi-annually ...................... ..
1,000
1904
1.000
Car trusts Scr A due §110,000 sem l-ann------------- Ba
1910
b Incl. Apr. 30 1912. §1,123.000 In treas. and §5,4 13.000 coll, f or tempo
1908. c §2,240.000 in treas. and $207,000 c ollater al for tem p, lo
B ON DS.— Of the $24,000,000 new 1st 5s, §20,000,000 Ser. A will be
superior In lien to the §4,000,000 Ser. B . The present Issue of Scr. A bonds,
§5,299,060, to be used to provide for cash requirements of the plan, in
cluding paym ent of §3,500,000 receivers’ certfs., reorganization expenses
and working capital. The series B bonds will be 5% non-cum ulatlve In
com e bonds for first 5 years.
E A R N IN G S .— In October 1911 the gross earnings of the first 24,000 tele
phones were forecast at §800.000, and the net earnings at §400,000, which. It
Is thought, can be raised to net of §1 ,200,000 by Increasing the telephone sub
scribers to 50,000. T o the telephone earnings are to be added the earnings
from the freight and other departments.
Earnings from Dec. 1 1909 to .lulu 1 1911, Exclusive of Telephone Department.
Tunnel Co. Dock.
Gross Income ("Tunnel C o.” Includes Warehouse C o .) .§1,233,674 §126,563
§26,204 §10,638
Net earnings................................. ......................... ...................
The net earnings of the com bined properties (exclusive of telephone de
partment) at the date of the plan were averaging about $7,000 per m onth.
S T O C K .— A uth. stock. §50,000,000; Issued, §30,500,000 5 % non-cum .
pref. and §22,500,000 com m on, all to be Issued; par. §100.
Directors include Henry W . de Forest, William Stuart T od, Samuel
M cRoberts and Irving T . Bush, all of New York; R . J. Dunham, o f Armour
& C o.. Chicago. Chicago office. So. L a S a lle S t.— (V . 95, p. 889, 1039.)
C H IC A G O & W A B A S H V A L L E Y R Y . — Owns McCoysburg to D inw iddle’
In d ., 35 miles. Extension under construction from Dinwiddle to Gary.
In d ., 15 miles. Stock, §350.000; par, §100. Bonds outstanding, §224,1)00
1st 5s (of which $2,100 In the treasury), Interest In default bclng^walved.
Edward D. Caulklns, trustee. For year ending June 30 1912, gross,‘ !§l 1,
816: op . d e f., §15,035; taxes and hire of equip., $4,320. Pres. A Gen. Mgr.,
Benjamin J. Gifford, Kankakee, 111.; Sec.-Trcas. and A u d ., Kankakee,
111. Office, Kersey, Ind.
C H IC A G O & W ESTERN I N D I A N A R R . — Owns a valuable terminal sys
tem of roads affording entrance Into Chicago to the roads named below;
lines extend from Dearborn Station, Polk S t., Chicago, to Dolton, 17 m .;
also to Indiana State line, 10 m .; to Cragin, 16 m ., and to South Chicago,
5 m .; total, 48 m .; total track, Including 2d, 3d, 4th tracks and sidings, 260
m .; also owns over 1,200 acres of real estate, passenger and freight yards,
warehouses, elevators, A c. The Belt R y of Chicago leases and operates
116 miles of the 300 miles owned by the Ch. & W . I., Its securities being all
held b y the companies leasing the Chicago & W . I.; sec V . CO, p. 1058.
See below.
In March 1912 nine additional roads, viz.: A tch. T op . A Santa F e.C hlc.
R . I. A Pac., Illinois Central (incl. Chic. Madison A Northern), Pennsyl
vania Lines, Chic. Burl. A Quincy, Chic. & A lton, Minneapolis St. Paul A
S. S. M. and Chesapeake & Ohio, agreed to become lessees and part owners
and the terminals are to be greatly Improved and enlarged. The Chicago
Union Transfer Ity. property (V. 73, p. 1207) has been purchased for $4,400,
000, including a clearing yard 314 miles by a half mile, and 100 miles of
track and a capacity of 5,000 cars a day. Additional yards and tracking
will be provided as m ay be needed. The financing will continue to be done
through the Chicago A Western Indiana, and the property leased to the
Belt R y. The existing leases to the trunk lines are to be readjusted so that
the rentals thereunder shall be equal to the Interest at 4 ' A % on §14.000.000,
the estimated value of the present Belt Co. property. V . 94, p. 910; V. 95,
p . 419.
L E A S E S.— This com pany's road and terminals are leased under per
petual contracts to the Wabash, the Grand Trunk W est., the Chicago A
Eastern Illinois, the Chicago A Erie and the Chicago Indianapolis A Louis
ville, each of which five companies owns §1.000,000 stock. They are also
leased to the Atchison, the Elgin Joliet A Eastern and Belt R y . Annual
rental must/always exceed at least 20% int. on bonds outst. V . 78, p. 819.
It s
D IV ID E N D S .—
P e r c e n t ....... ............................
1 '95. ’ 96. '97, '98. '99. '00 to S e p t.'12
■J 734 6
6
6
6
6 yearly
BON DS.— The general m tge. bonds are drawn at 105 and Interest In
»uoh annual amounts as will retire the debt by maturity.
Of the„consol. 4s of 1902 (auth. Issue §50,000.000), $7,049,000 are re
served to retire underlying bonds aud §3,926,334 for future additions equal
to at least the par value of the bonds issued. V. 87, p. 36. 1604, 1603;
V. 88, p. 100, 374; V. 92, p. 394: V . 93. p. 1668.
Of the 1st & ref. bonds of 1912 (§200,000,000 auth. Issue), with Interest
not to exceed 5 % , §50,000.000 arc reserved to refund existing bonds,
§47,000,000, and §3,000,000 bonds to be issued, $50,000,000 for additions
and Improvements to the Belt division. Including Chicago Union Transfer
R y . for $4,400,000, and §100,000,000 for new terminals and other lm pts.to
Chicago & Western Indiana.
.............................................................
In Sept. 1912 sold §10,000,000 3-yr. 5 % notes to'acqulre the Chic. U n.
Transfer Co. and enlarge Chicago terminals, the notes being secured by
the new mtge. under which they are the first Issue. V . 95, p . 419. 749.
AN N U A L R E P O R T .— Fiscal year ends Deo. 31. R eport for 1911 was In
V . 94. p. 1759, showing: Gross, §2.594,256; lnt., A c., $2,277,800: dlvs.,
$300,000; bal., $10,456. Pres., Howard G. H ctzler.— (V . 95, p. 1039.)
C IN C I N N A T I
& C H IC A G O R R .— Sec Huntington Rich
(V . 93, p. 730; V. 95, p. 236.)
B L U F F IO N
m ond A Hamilton R R .
C I N C I N N A T I F I N D L A Y & F O R T W A Y N E R Y — Owns Findlay, O .. to
Ft. W ayne, In d., 80 m .; also connecting link with the Cln. Ham. A D. from
Delphos to Mandale, 12 m ., com pleted Oct. 15 1904. V. 77. p. 88, 694.
Leased to Cln. Ham . & D. for 99 years from N ov. 1 1903, with privilege of
renewal for like periods forever. V. 78, p. 286. Stock, $1,250,000. all
owned by the Cln. Ham. & D ., which guarantees bonds, prln. and Interest.
M tg e . Is limited by special agreement to $1,150,000, or about $12,500 per
mile. Bonds are subject to call at 102 44 and interest. V. 78, p .2 8 6,3 42 ,
701.
Form of guaranty, V. 78. p. 701.— (V . 90, p. 697.)
• C I N . G E O R G E T O W N & P O R T S . R R . — See
"E lectric Railway S ection .’
Rate
%
§22,500.000
30.500.000
0
1.030.000
313.842
6
5,299,060
Sg
See
4.000.
000text.
5
222,000
5.000.
0006
6 g
6.725.000
4 g
40.399.000
See text
10,000,000
2,360,000
5 g
When
Payable
|V O L . LXXXX-V.
Last Dividend
and M aturity
July 1 1913
A
O 1942
1942
J & J July 1 1930
Q— M 31 Sept30'12,l 14 %
Q— M Deo 1 1932
J & J July 1 1952
Sept, '62 50 years
M A S Sept 2 1915
J
A
&
J Jan 1 1955
1.150.000
M A N
4 g
8,000,000 See text
T ext
248,575
2,000.000
4H g J A J
3,000,000
J
5 g
A D
A A O
4
1.200.000
3.500.000
M & N
5 g
300.000
4 >4 J & J
300.000
A & O
6
bl5.713.000
4
J
& J
c20.000.000 See text See text
11,557,000
J & J
4 g
378.000
4M g A A O
414 g A & O
368.000
1.850.000
5
J
A D
rary loans, there Is a Iso $13.0
ans.
Places Where Interest and
Dividends are Payable
Nat City Bk, N Y , or Chic
U S M tg & T r Co, N Y
See text.
Chicago
J P Morgan & Co, N Y
111 Tr A S Bk.Chlc; ANY
Office 80 Broadway, N Y
Nov 11923
J P Morgan & Co, N Y
Deo 24 1903 2% Cincinnati
Jan 1 1937
June 1 1942
Apr 11942
May 1 1941
July 1 1937
Oct 1 1929
July 1 1959
July 1 1939
July 1 1913
T o A pr 1 1910
T o Oct 1 1914
T o June 1 1920
00,000 add’l und
J P Morgan A Co, N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Central Trust Co, N
J P Morgan A Co, N
R W Inthrop & Co, N
J P Morgan & Co, N
er purch. m oney notes of
C I N C I N N A T I H A M IL T O N & D A Y T O N R Y . — The system Includes:
Road owned—
Miles
Proprietary roads—
M iles.
Cincinnati to Dayton, O ____________ 59Cincinnati Ind. & W estern____ *361
Dayton to Ironton, O __________ 160 Cincinnati A D a yton __________
13
95 Columbus Findlay & N orthern,
18
Dayton to Delphos, O _________
19
T ra ck a g e ..... ..........................
45 Bowling Green R R ____________
8
Plqua A T roy B ranch_________
Roads leased— ( “See this co .)
Dayton & M ichigan____________ *142 Cine. Findlay & F t. W ay n e___ *91
H om e A ve. R R ________________
3
T otal of all__________________ 1,014
Also owns Dayton A Union Jointly with Clev. Cln. Chic. & St. L . and
Jointly with Sou. R y . controls Cln. New Orl. A T ex. P . R y . V . 75, p. 978.
In 1911 sold the §11,000,000 Pere Marquette R R . stock. V . 92, p. 596 .
O R G A N IZ A T IO N .— The com pany resumed possession on A ug. 19 1909,
the finances having been readjusted without foreclosure per plan of June
1909 (V . 88, p. 1430, 1498). Under the plan the management of the system
was taken over by the B. A O. R R ., and the ownership of the controlling
stock Is to be acquired by that com pany at the end of 7 years from July 1
1909 at a price then to be fixed b y arbitrators; during the 7 years said
control is to be vested In three voting trustees, one President of B. A O .
BO N D S.— The bond Issues created under aforesaid plan are:
1. First and refunding Mortgage dated July 1 1909, Auth. Issue, $75,000,000.
Covers all the railway, all leasehold rights, all stocks of operated lines aud
all property acquired by use of said bonds. (See V . 88, p. 1498; V . 90, p.
771.) (1) Am ount Issued $27,500,000, viz.:
(a) For indebtedness, Improvements (§5,000,000). A c....... ...... §14,500,000
(b> For collateral to §11,557,000 4% purchase m oney n o t e s .. 13,000.000
(2) Reserved for future use, $47,500,000, viz.:
(а) For additions, Improvements and betterm ents___________ 23,721,000
(б) For refunding underlying bonds............................. ................. 23,779,000
The bonds specified above as (ft) and (c) and $5,500,000 of those named
as (a) are guaranteed, prln. and Int., by the Baltimore A Ohio R R . Co.
In April 1911 authority was given to issue $1,559,000 1st A ref. M. 4 %
bonds to the Ralt. A Ohio for lm prov’ts and new equlp’t. V. 94, p. 1056.
Under supplemental agreement dated July 1 1909 (V . 89, p. 469) $11.
557,000 4 % purchase m oney notes dated 1908 and due July 1 1913.
are secured b y pledge of $13,000,000 new "first A refunding” 4s. These
notes are guar, b y the Ii. A O. See form , V. 89, p. 918.
2. General Mortgage (see table at head o f page)— Total Issue, §20.000,000.
The $20,000,000 generals b y their terms draw Interest as follows: 4 44%
dependent upon Income until July 1 1911; then 1% fixed and 3 44% depend
ent upon Income until July 1 1914; then 3 % fixed and 144% dependent
upon Income until July 1 1916; thereafter 4 44% fixed. The fixed Interest
is payable J. A J. and the non-cum ulatlve Income Interest N ov. 1 yearly;
$2,000,000 of the Issue carry special coupons attached In 1912 by Bankers
Trust C o., payable N ov. I from cash already on deposit, making their Inter
est full 4 % (V . 94. p. 206). All the existing generals are callable any July 1
prior to July 1 1916 for new 4 % secured by the gen. M. and guaranteed by
the B. A O. as to prln. and int.; they arc also subject to cali for paym ent
In cash at par A lnt. The 4 % guaranteed bonds. If Issued, will be callable
at 103 A lnt. any J. A J . No additional Interest represented by the coupons
due N ov. 1, dependent on net Income, was paid for the fiscal year ending
June 30 1912. V .9 5 , p .8 1 7 .
During July 1916 (or sooner, In case of earlier acquisition b y B. A O.
of the controlling stock) the B. A O. will, upon dem and, unless said gen.
mtge. bonds shall have been sooner redeemed, at Its option ,cither (a) pay
85% In cash and Interest for said bonds or (b) Issue In exchange therefor a
new 4 % bond secured by said gen. m tge. and guar. prln. and lnt. by the
B. A O.; the B. A O. to elect whether to make such purchase or exchange.
G U A R A N T IE S .— Guarantees securities of Cin. Ind. A W est., Dayton A
Mich, and Cln. Find. A Ft. W ayne; also §933,000 In d . Dec. A W est. 5s.
Also guaranteed $9,207,000 Pere Marq. ref. 4s. V . 85, p. 653; V. 87, p.1355.
E A R N IN G S.— 12 m o s.,/1 9 1 1 -1 2 -.-G ro ss , $9,861,320; net, $2,146,393
July 1 to June 30.
U 9 1 0 -1 1---G ross, 9,570,281; net,
1,792,716
R E P O R T .— R eport for year ending June 30 1911 in V . 9.3, p. 1317.
Year ending June 30—
1910-11.
1909-10.
1908-09.
Average miles operated_____________
1.Q20
1,036
Gross earnings___________
§9,570,282
$9,446,524 $7,897,047
Net incom e......... .................................
1,907,407
1,047,156
1,195,091
Deduct Interest on bon ds_____ _______ 2,091,925
1,776,219 2,206,176
Interest on bills payable. A c................
125,684
246,577
Rentals and hire of equipm en t______
439,216
465,516
434,260
Balance, deficit, for yea r__________
§661,046
$720,263 $1,691,922
O F F IC E R S .— Pres., Daniel W illard; Vtce-Pres.. Geo. F . Randolph;
Treas. and Asst. S ec.. F. M. Carter; S ec., C. W . W oolford.
Directors.— Oscar G. Murray, L. F. Lorec, Geo. F . R andolph, G. M.
Shrlver. Geo. W . Perkins, H . P. Davison, Frederick W . Stevens, George F,
Baker, Daniel W illard, Joseph W ood , E. R . Bacon, Henry F . Shoemaker,
F . D. Underwood, Harry Bronner, Norman II. Ream , John J. Mitchell and
Hale H olden.— (V . 95, p. 817.)
C I N C I N N A T I I N D I A N A P O L I S & W E S T E R N R R .— H am ilton, O .. to
Springfield, 111., 284 miles; SIdell, III., to West Liberty, 77 miles; trackage.
West Liberty to O lncy, 8 miles. A consolidation Sept. 1902. V . 75, p.
239. 289. 497, 732. Stock authorized. $8,200,000; Issued, $7,115,800: all
owned by C. H . A D .. which received dividends thereon In 1902-03, $126,
798; In 1903-04. $167,322; In 1904-05, §156,095.
BON DS.— The “ first und refunding” 4s of 1902 (§8,200,000 authorized
Issue) arc guar., prln. A Int., by C. II. A D. b y endorsem ent. V . 75, p.
1201, 1335; V. 77. p. 1290. Guaranty, V . 78. p. 2011.— (V . 89. p. 469.)
C I N C I N N A T I I N T E R -T E R M I N A L R R .— Owns a road 0.6 m. in length
connecting the Chesapeake A Ohio bridge and the Cin. H am. A Dayton
terminals. Controlled by Chesapeake A Ohio R y . Common stock, $10,000
In $100 shares, Issued for purpose of control. There is authorized $1,000.OOOof first pref. 4 % cum . stock secured by mtge. to the Union Savings Bank
& Trust C o. o f Cincinnati, as trustee, anil rentals paid by Ches. A O h io and
O c t ., 1 9 12 .]
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Cln Ham & Dayton— (Con.)
Ind Deo A W 1st M gold red /n ot gu aran teed._.C e
at 110
_____________ \guar p A 1 ( e n d ) .. .c
O I & W 1st & ret M $8,200,000 g gu p A 1 end__Eq
D ayton & Michigan llrst m ortgage guar p A I e n d .c
P lqua A T roy 1st M $250,000 gold guar p & 1------ c
Cincinnati Find & Ft W 1st M £ guar end r e d ..N .o *
Clncln & Ind W estern— Sec Chicago CIncIn & Loulsv
Cincinnati In d ia n a p olis* W estern— See Cincinnati H
Cincinnati Inter-Terminal R R — 1st pref stk (see text)
Cincinnati Lebanon & Northern— I rst m ortgage
c
1st con M $1,500,000 g gu p A 1 end (V 75 p 1398) -O*
Cln & Musk Val— See Cleve Akron & Cincinnati R y .
Cln New Orl & Texas Pac— Comm on stock $3,000,000
Preferred stock (pAd) 5% cum ulative $3,0 00 ,0 0 0 ..
Equip trusts Ser B due $97,000 s-a (V . 82, p 9 28 ). .
do
Ser C due $50,000 s-a (V 92. p 1031) .B a
Cincinnati Northern— 1st M $3,000,000 g o ld ..Q .o * & r
Cincinnati Richm ond & Ft W — 1st M gold int gu ar.c*
Clarksburg Northern R R — 1st M g red te x t---------------
Miles
Road
Date
Bonds
Par
Value
Rate
%
$1,000
1,000
1,000
1,000
1,000
1,000
$2,229,000
933,00C
4,722,000
2.728,000
250,000
1,150,000
5 g
5 g
4 g
444
4 g
4 g
J
J
J
J
M
M
A
A
A
A
A
A
J Jan
J Jan
J Jan
J Jan
N N ov
N N ov
am llto n A D ayton
100
T ext
1,000
38 1886
1,000
52 1902
825,000
200,000
1,230,000
4
5
4 g
F
J
M
A
A
A
A Aug 1 1912 2% Cincinnati
Central T r A S D Co, Cln
,T Jan 219 1 6
Farmers’ L A T r Co. N Y
N N ov 1 1942
\ 262 C1895
11895
/
361 1902
142 1881
9 1899
91 1903
86
1906
1911
1901
1871
1911
100
100
1,000
1,000
1,000
1,000
500
Louisville & Nashville, and subject'to call on any lnt. d a y after Feb. 1 1915
at 105. V . 79. p. 212; V . 80, p. 1728, 2398, 2020. Rentals received tor
year ending June 30 1912, $33,345; d lvs., $32,946; b al..su r., $3,990. Pres.,
Geo. W . Stevens.— (V. 80, p. 2620.)
C I N C I N N A T I L E B A N O N & N O R T H E R N R Y . — Owns Cincinnati, O .. to
Dodds, 38 miles, including 6 miles from Lebanon to D odds, leased to the
Dayton L eb. <Ss Cln. R R .; Middletown June, to M iddletown, O ., 14 miles
(former Mid. & Cln. R R ., taken over Jan. 1 1903); total, 52 miles. Stock
$1,500,000, all outstanding and owned by Pitts. Cln. Chic. & St. Louis R y.
V . 75. p .9 8 0 . Dlv. of 3 % paid In 1906, 1909 and 1910; 1911, 4 % . Of the
$1,500,000 first cons. 4s o f 1902, guar. prin. & Int. b y the Pennsylvania Com
pany, $200,000 are reserved to retire the 5s due 1916. V . 77, p. 86. Cal.
year 1911, gross, $454,644; net, $102,972; other lnc., $45,320: charges,
$74,826; dlvs. (4 % ), $60,000; sur.. $13,466.— (V . 77, p. 86.)
C I N C I N N A T I N E W O R L E A N S & T E X A S P A C I F I C R Y . — (See M ap of
Southern R y .) — Operates Cincinnati Southern R y .. owned b y city of Cin
cinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage, 2 m. Owns
entire stock of Harrlman & N . E . R y ., 20 m ., op . separately. V .7 7 ,p .l7 4 3 .
In 1901 lease was extended 60 years to Oot. 12 1906; rental until O ct. 12
1906 was modified beginning July 12 1902 to $1,050,000 yearly, the re
maining $50,000 per quarter to be deferred as It accrues and to be paid quar
terly at rate of $40,000 yearly, with lnt. on def’d paym ents at 3 % ; rental
under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for
20 years; thereafter $1,200,000. V . 73. p. 722; V . 74, p. 1251. Pref. stock,
has prior rights on dissolution, but no voting power. V . 74, p. 528, 829.
D IV S .-U 9 0 3 . 1904. 1905. 1906.
1907-10.
1911.
1912.
Com, % . ) 2
2
5
544 5 (244 J .A D .)
8
June 3A 2 44ext.
1911, June, 2 ; Dec., 3 and 2 ,4 extra; 1912, June, 3 and 2 4 extra.
ST O C K .— Comm on, $3,000,000, controlled In Interest of Southern R y .
and Cincinnati Hamilton & D ayton R y . V . 61. p. 26: V. 65, p. 1173.
L A T E S T E A R N IN G S.— 11911-12...G ros s, $9,756,260; net, $3,273,357
12 m os., July 1 to June 30.11910-11 ...G r o s s , 9.205,405; net, 3,089,214
A N N U A L R E P O R T .— R eport for year ending June 30 1911 was In
V . 93, p . 1530, showing; Gross, $9,205,405; net, $2,818,288; other Income,
$440,101; Interest, rentals, A c., $1,353,019; lm provem ’ts, $606,671; d lv.
on pref. (5 % ). $122,670; d lv. on com ., (5 % ) $150,000; bal., surplus, $1,
026,029. In 1909-10, gross. $9,079,471; net, $ 3 ,2 96 ,0 3 0 — (V . 94. p. 1507.)
C I N C I N N A T I N O R T H E R N R R .— (See M ap Cleveland C in. Chicago & S t.
L o u is.) — Owns Franklin, O ., to Jackson, M ich., 205 miles; trackage (C. C.
0 . & St. L .) , Franklin to Cincinnati, 39 miles; at Jackson, 1 mile. On Jan. 1
1912 Clev. Cln. Chic. & St. L. owned $1,707,400 of the $3,000,000 stook
and $581,000 bonds. Dividends paid In Mch. 1910 and 1911, 3 % ;'1 2 , 1 4 ,
For cal. year 1911, gross, $1,248,676; net income, $142,848; charges,
$95,012; dlvs. ( 1 4 % ) . $45,000: bal., sur., $2,836. For 8 m os. ending
A ug. 31. gross, $861,193, agst. $774,369 In 1911; net, $59,249, agst. $82,239.
Pres., VV. 0 . B rown.— V . 94, p. 1118; V . 95, p . 480.)
C I N C I N N A T I R I C H M O N D & F O R T W A Y N E R R .— Owns from R ich
m ond, In d ., to Adam s, Ind ., 86 m .; leases 5 m . of P. F t. W . & C. Now op
erated (Juno 1912) by Grand Rapids A Indiana R y . R ental, net earnings.
In t. is guaranteed by the Pennsylvania Co. and Pitts. Cln. Chic. & St. L Co.
Jointly (the P. C. C. A St. L. taking the place of the Cln. Ham. & Dayton
In 1888). Stook, $2,186,600 (par $50). of which Penn. Co. owns $1,276,
000. Due guarantors Dec. 31 1911. $1,877,684.
Year end. Dec. 31.
Cross.
N et.
Interest, A c.
B alance.
$140,982
$197,269
d ef.$50,287
1911 __________________$735,120
1910 ................ ................. 729,791
89.234
280.672
def. 191,438
C I N C I N N A T I U N IO N D E P O T & T E R M I N A L C O .— V . 9 4 . p . 1 6 9 5 .
C L A R K S B U R O N O R T H E R N R R .— See page 1 4 1 .
C L E A R F I E L D & M A H O N IN G R Y , — (See M ap B u f. Roch. & P itts .)—
Owns road, com pleted In 1893, from Du Bols Jet., Pa., on Buf. R . & I’ ., to
Clearfield on Beech Creek R R ., 26 miles. Leased during corporate existence
and renewals thereof to Buffalo Rochester & Pittsburgh— which see— at a
rental payable In gold and equal to 6 % on $1,000,000 stock, par $50, and 5%
on bonds, the latter being guar., p. & 1., b y endorsem ent.— (V . 89, p. 1141.)
C L E V E L A N D A K R O N & C I N C I N N A T I R Y .— [See M aps of Pennsyl
vania R R .) — Owns from Hudson, O ., to Columbus, O ., 144 miles; Killbuck
to Trinw ay, 34 m .; Morrow to Trlnway, 148 m .; Apple Creek branch, 9 m.
H oward Coal branch, 4 m .; coal spurs, 5 m .; total owned, 344 m. Owns a
fourth Interest In Akron & Barberton Belt R R ., 24 m „ and half Interest In
Zanesville Term R R ., 5 in. V. 76, p. 435.
A consolidation July 1 1911 of the Cleveland Akron & Columbus R y . and
Cincinnati & Muskingum Valley R R . Pennsylvania Company ow n s $7,
408,487 of the $7,500,000 outstanding stock. Operated by Pennsylvania
Co. under arrangement terminable on 6 m os.’ notice, the net earnings to
go to C. A . & C. V. 93, p. 1669, First d lv., 2 % , paid Sept. 25 1911;
In 1912, 6 % (M. A S .)
Of Cleveland A k. & Col. 1st consol, gold 4s of 1940 (Commercial T r. C o.,
Phlla., trustee), $1,006,000 are guar., p. & !., by the Penn. Company;
$1,800,000 are reserved to retire the gen. 5s due 1927; V. 71, p. 390: V . 76.
p . 653; V . 77, p. 1746. 2280.
.
Penn. Co. also guarantees Cln. & Musk. Val. bonds: see form , V . 76, p.
653. Car trusts Dec. 31 1911, $433,407. due $85,746 yearly, and $22,400
344s due $22,400 yearly. Report for cal. year 1911 in V. 94, p. 1504,
showcd:Earnings of cos. consol, gross, 1911, $3,562,712; net lnc., $837,600;
charges, $246,708; sink, fds., $17,279; prin. car trusts paid olf, $11,199;
im prov’ts, $236,260;divs., $230,000: bal., sur., $96,155.— (V. 94, p. 1504).
C L E V E L A N D C I N C I N N A T I C H IC A G O & S T . L O U I S R Y . — (See M aps
N . Y . Central & II. R . I i l l .) — R O A D . — Radiates from Indianapolis, In d .,
westerly to Chicago, Peoria, Cairo, 111., s t . Louis, easterly to Sandusky,
Cleveland, Columbus and Cincinnati, O ., and southerly to Louisville.
Owned Directly—
Miles.
Leased— entire stocH owned— M iles
Cleveland, O ., to Columbus, 0 - -1 3 8 Cincinnati Lafayette & Chic. R y . 57
Gallon, O ., to Indianapolis______ 203 Cairo Vincennes & Chic. R y .—
Delaware to Springfield___________ 50
Cairo. III., to Tilton & b ra n ch .261
Cincinnati to L a fayette..........................170 St. L. D lv., T . II to E . St. L ..1 9 0
Indianapolis to Terre H aute______ 67 Columbus Springfield A Cln.—
Harrison Branch-----------7
Columbus, O ., to S prin gfield .. 45
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Amount
Outstanding
1
1
1
1
1
1
1935
1935
1953
1931
1939
1923
3,000.000 See text. J A
D J u n e l3 1912 5 44
2,453,400 5 in 1911
3— M Sept 2 1912 144
679,000
4 44 g M A N M ay’ 1 3-M ay’ 16
850,000
M AN 16 M a y’ 13-May '21
444
1,144,000
4
J
A J July 1 1951
1,800,000
7 g
J
A 1) June 11921
See text
A A O Oct 1 1945
5 g
900.000
50
6
Clearf’ d & Mahoning— Stock 6 % rent $1,000,000 auth
650.000
First m ortgage gold guaranteed B R & P — G .c’ Ar
1,000
5 g
26 1893
100
7,500,000 See text
Cleveland Akron & Cin— Stock $12,000,000..................
1,800,000
500 Ac
5 g
Clev A k & Columbus gen M (now first) g o ld ---------177 1887
1,000
First con sol, mtge $4,000,0001 guaranteed p A 1 end 1 188/ 1900
992,000
4 g
gold sinking la n d _________J not gu a ra n te e d ... I
1,000
624,000
4 g
[ 1900
1,000
Cln & Musk Val 1st M $2,000,000 g gu p & 1 s f-F .o*
1,741,000
4 g
148 1898
100 47,056.300 See text
Cleveland Cincinnati Chicago & St Louis— Com stock
100 10,000,000 5 in 1912
Preferred stook 5 % non-cum ulatlve............................
1,000
617,000
O I St L & C con M drawn at 105 sink fund 1% .. o *
6
171 1880
7,156,000
4 g
Gen 1st M $10,000,000 g s f not d r a w n ...C e .o Ar
1886 1,000 Ac
1,000
4.138,000 7 or 6 g
391 1874
Cleve Col Cln & Ind consol mortgage (see t e x t )-----1.000
391 1884
3.205,000
6 g
Gen cons mtge ($12,000,000) gold --------U s.o’ Ar
1,000
2,000,000
7
Indian & St L 1st M In 3 series of $067,000. ..U s .c
72 1869
1,000
500,000
6 g
2d M to be pd N ov 1 1912----------- --------------------72 1882
1,000
650,000
Clev Cln Chic & St L W hite W at Val Dlv 1st g-C e.c*
4 g
62 1890
500 Ac
1,103,730
4 g
Spr A Col Dlv (Col Spr & Cln) 1st M gold ------ Cc.c*
45 1890
1,000
Cairo Division 1st M $5,000,000 gold ----------Ce.o*
5,000.000
4 g
267 1890
St Louis Dlv coll tr gold ($590,000 In s f) ..C e c&r
4 g
194 1890 1,000 Ac 10,000,000
" x " Ser. " A " are J . & J.; ser. ” B ,’ ’ M. & S.: ser. ’’ C ,” M. AN.
39
RAILWAY STOCKS AND BONDS
Central Trust Co,
do
do
J P Morgan A Co,
do
do
Un Sav Bk A T r Co,
J P Morgan A Co,
N Y
N Y
Cln
N Y
Cincinnati
do
Equitable Trust Co, N Y
Bankers Trust Co, N Y
Guaranty Trust Co, N 1
W inslow,LanIerACo..N Y
U n T r A D e p C o , Parkersburg, W Va
Checks mailed
36 W all Street,New York
J A J July 1 1912
■J A J Jan 1 1943
See text Sept 25 '12 3%
M A S Mch 1 1927
W inslow,Lanier A C o.N Y
F A A A ug 1 1940
do
do
F A A Aug 11940
do
do
F A A Aug 11948
Farm L A T Co, N Y
M A S Sept 1 1910 2% J P Morgan A Co, N Y
Oct 21 1912 I X
do
do
Q—
M A N May 1 1920
do
do
A ug 11936
do
do
q—:
A D June 1 1914
j
do
do
do
do
A J Jan 1 1934
j
"X
July 1 1919
do
do
do
do
M A N N ov 11912
do
do
J
A J July 1 1940
do
do
M A S Sept 1 1940
do
do
J
A J Jan 1 1939
do
do
M A N N ov 1 1990
M iles
W hite W ater— Harrison, In d ., to
Hagerstown, In d _______________ 62
Cln. Wabash A Michigan R y .—
Benton Harbor to Rushville and
b ra n ch .........................
..2 4 9
Other lines________________________ 94
Cincinnati Sandusky A Cleve. R y .—
Sandusky, O., to D ay’ n, O.. Ac.170
Leased and Controlled—
M iles.
48
Cincinnati A Springfield R y -----Colum. H ope A Greensb’g R R .
24
Jointly Operated—
Calc. Ind. A St. L. Short L in e ..
44
Trackage Into Cincinnati, A c .
32
Trackago Into Jeffersonville____
53
Trackage Into Toledo (V . 79. p.
1023, 2696)........
48
Operated; earnings kept separate —
M iles
Peoria & Eastern R y ___________ *351
Cincinnati Northern____________ *246
Kankakee A Seneca R R ______
42
Mt. Gilead Short L in e ...............
2
Loulsv. A Jeffcrsonv. B r id g e ..
*3
Total o f system Dec. 31 ’ l l . .2 ,6 5 6
Trackage 111. Cent. Into Chlc.l
On percentage basis_______ j
Operates Independently —
D ayton A Union R R .* — ..........
Double track..................................
47
378
Total Included In earnings. .2,0 1 2 I *See this com pany.
A new double-track line from Evansville to M t. Carmel, In d ., 32 m iles,
was opened July 1 1911 under the charter of the Evansville Mt. Car
mel A Northern R y ., which Is operated under 99-year operating agreem ent.
V . 83, p. 817, 1098; V. 92, p. 807; V . 93, p. 871; V . 94, p. 840; V . 95, p . 890.
H IS T O R Y , A c.— A consolidation of the Cincinnati Indianapolis St. Louis
A Chicago R ailway C o., the Cleveland Columbus Cincinnati A Indianapolis
Railway Co. and the Indianapolis A St. Louis Railway C o., made in July
1889, per plan In V . 48, p. 427. O f the com . stock. $30,207,700 was in Jan,
1912 owned b y the L . S. A Mich. So. R y . V . 72, p. 86; V . 82, n. 749.
The stockholders will vote on N ov. 25 1912 on purchasing the Cairo Vin
cennes & Chicago R y .. Cincinnati A Springfield R y „ Columbus Springfield
A Cincinnati R R ., Findlay Belt R y ., Harrison Branch R R . and Chicago
Indianapolis A St. Louis Short Line R y . V . 95, p. 418, 890.
The com pany Is also ono-elghth owner of Peoria A Pekin Union R y .
(through the P eo. A East. R y .), one-fourteenth owner In Terminal R R .
Association o f St. Louis, and two-fifths owner of Indlanap. Union R y ., and
part owner of Cent. Indiana R y ., Cent. Union Depot A R y . o f Cincinnati,
Union Depot of Columbus, D ayton Union R y ., Dayton A Union R R ., Munole Belt R y ., which are operated Independently.
D IV ID E N D S .1 ’98. '99. ’00.
’0 1 . ’02 t o ’07.’08. ’09. ’ 10.’ l l . 1912,
C om m on-------- % } 0
0
3 3 44 4 yearly 1
2
2
0
0
P re fe rre d ____ % J 5
5
55
5 yearly 5
5
5
5
5
B O N D S.— The sinking fund provision o f the Cleveland Columbus Cincin
nati & Indianapolis consol, bonds (stamped) has been canceled. The prin
cipal Is payable In gold, but the Interest at option of holder, either In lawful
m oney at 7% per annum or In British sterling at 6 % .
St. Louis Division bonds, see deed o f trust, V . 52. p. 42-45.
The 100-year mortgage of 1893 Is limited to $50,000,000.
In 1912
$22,009,000 gen. 4s were reserved for prior liens (exclusive of Cairo division,
Peoria Division, Michigan Division and the St. Louis Division west of Terre
H aute), and $170,000 for equipment, construction and b etterm ents.A c..
$1,000,000 yearly. See V . 78, p . 1446; V . 79, p. 733; V . 83. p . 379; V . 87
p. 1010; V. 90, p. 626, 1044: V . 94, p. 1118. Guarantees Chic. Indiana p. A
St. L . Short Line R y ., Cent. Indiana R y. and Springfield Union Depot Co.
bonds. V . 77. p. 510, 517, 769, 1363, 2280; V.78.P.1906, 1961; V .79.p.2589.
The stockholders N ov. 17 1909 authorized $20,000,000 bonds, of which
$9,650,181 4s sold May 1910, payable In francs, and $10,000,000 4 44s In
June 1911 to provide for $5,000,000 notes and Im prov’ts. V . 89, p. 720,
778. 1141; V. 90. p. 1238, 1296, 1424, 1554: V. 91. p. 1710; V . 92. p. 1700.
The stockholders will vote on Oct. 30 1912 on guarantelng not to exceed
$5,000,000 Evansville M t. Carmel A Northern R y . bonds, of which $2,
082,000 have been Issued. V . 95, p. 890.
Jointly with four other roads covenants to pay New York Central Lines
$48,000,000 equipment trusts of 1907 and 1910, the com pany’s share o f
equipment trusts Dec. 31 1911 being $2,713,588 and $2,794,761, respec
tively; also Jointly with 3 other roads the $15,000,000 car trusts of 1012.
V . 85, p. 1401; V. 86, p. 168; V. 88. p. 761; V . 90, p. 1677; V . 93, p. 1726.
G E N E R A L F IN A N C E S .— Capital stock per mile of road owned D eo. 31
1911, $31,709; bonded debt, $48,548.
E A R N IN G S.— 8 m o s.,/1 9 1 2 _____ Gross, $20,472,331: net. $4,749,974
Jan. 1 to A ug. 31. U 9 1 1 .........Gross,
19,836,490; net, 4,722,253
R E P O R T .— R eport fo r year ending D ec. 31 1911 in V . 94, p. 823, 839.
Year ending Dec. 31—
1911.
1910.
1909.
Railroad revenues______________
$30,431,915 $30,423,005 $27,657,741
Operating income (after tax es)............. $7,083,924 $5,879,655 $7,011,380
Other Incom e___________
707,731
820,814
623,233
$7,791,655
Gross corporate Incom e_________
Rentals of leased lin e s _______________
$132,500
Interest on bonds, A c _______________ 3,555,949
Hire of equipment, including Interest 1,035,029
Other re n ts --------------------------------------668,505
Loss on prop’s oper. separately---------96,315
Equipm ent reserve-------------------446,315
Discount on debenture b o n d s ..........
53,425
Dividends on preferred, 5 % ------------500,000
Dividends on com m on, 2 % ......... .............................
$6,700,469
$120,000
3,426,393
896.142
676,530
62,465
$7,634,613
$120,000
3,391,700
652,784
641,117
52,641
43,441
500,000
941,126
500,000
941,126
Balance, surplus for year......... ..
$1,301,615
$34,371 $1,335,246
O F F IC E R S .— Pres.. W . C. B rown. New Y ork : Vice-Presidents. John
Carstensen, A . II. Smith, A . II. Harris, VV. K . Vanderbilt Jr. and C. F
Dalv; Sec., Dwight W . Pardee, N . Y .; Treas., Milton S. Barger, N. Y .
Directors.— William K . Vanderbilt, Fred’ k W . Vanderbilt. Chauncey M.
Depew. J. Plerpont Morgan, William C. Brown, Geo. F. Baker, W m . K .
Vanderbilt Jr., W m . Rockefeller, W m . H . Newman, James Stillman,
W alter P. Bliss, Lewis Cass Ledyard. New York; Melville E . Ingalls, Cin
cinnati.— (V . 94, p. 1118, 1626; V . 95. p. 480, 817, 890, 1039.)
40
R AILW A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
Cleve Cine Chic & St Louis (ConcD—
Clncin W ab * Mich Dlv first mtge gold ____ Us.o*
Gen M 100 years for $50,000,000 g o l d .. Ba.xo* Ar
Bonds $20,000,000 authorized___________ _________ f
Obligations fo r Proprietary Lines.
\
Cincinnati Sandusky & Cleveland— Preferred s to ck .
Consol (now first) mtge $3,000,000 g o ld .-.A B .o
Central Indiana first mtge $4,000,000 gold guar.Ce
Ch I A St L S L 1st M $3,000,000 gold g u ..C e ,c * & r
Evansv Mt Carmel & No 1st M $5,000,000 to be guar
Louisville & Jeffersonville Bridge 1st M— See thatCo
Cleveland Columbus Cincinnati & Indianapolis— Cleve
Cleve Lorain & Wheel— Con mtge (now ist) g-U sm .c*
General mtge $1,000,000 gold redeem at 105____ N
Cons ref mtge $10,000,000 gold red at 102 M --E q .o*
Cleve & M V— Cons M (now first) $3,000,000 g.C e.o& r
Cleve & Mar— See Toledo Columbus A Ohio R Iv. R y.
Cleve & Pittsburgh— Stock 7 % guar b y Penn R R Co
Special betterm ent stock $28,738,135 au th gu a r4 %
Gen M $10,000,000 g o ld ..F lS e r ie s A A B ...........o*
Guaranteed prln and Int[Series C & D ______c*
(endorsed) Penn R R .J S e r le s B lnt r e d u c e d ..
Cleveland Short Line— Stock rental gu aran teed...........
1st M ($20,000,000 authorized) guar.........._G xc*A r
Cleveland Terminal & Valley— See Baltimore & Ohio
Coal & Coke— First m ortgage $5,000,000 gold ----------Coal & Iron— See W estern Maryland.
Coal River R y— See Chesapeake & Ohio.
Colebrookdale— 1st M $593,400 und Read M of 1897.C
Colorado & Eastern RR — First M red 105-------- Eq.c*
Colo Midland— 1st M $10,000,000 (V 71, p 139).C e.c*
Colorado & Southern— Comm on stock $31,000,000—
First preferred 4 % non-cum ulatlve $8,500,000-----Second preferred 4 % non-cum ulatlve $ 8 ,5 0 0 ,0 0 0 ..
First m ortgage gold $20,000,000.................... Eq.c*
R ef & ext M $100,000,000 gold red 101 ..C e .x o * Ar*
E quip bonds ser A due s-a red 101 (V 84, p 507) . . G
Colorado Southern New Orleans & Pacific— See St Lo
x Series " A , ” J & J; “ B ” A & O .
y "C ” . M & N;
M iles Date
Road Bonds
203
1.021
170
125
45
P ar
Value
1891
$1,000 $4,000,000
1,000 27,821.000
1893
9,650,181
1910 500 fr, Ac
1911
1,000 10,000,000
. 428,997
50
2,571,000
1888
1,000
1,500,000
1903
1,000
3.000,000
1903
1,000
• 2,082,000
When
Payable
Rate
%
4
4
4
4
6
5
4
4
J
■T
J
ME J
M
J
g
g
M
A
g
g
g
A
A
A
A
A
A
A
A
J
D
D
J
N
J
N
O
land I ndiana polis St. Louis & Chi cago— Se e Clevcla
A A O
5,000,000
192 1893
5 g
1,000
890,000
.1 A 1)
192 1896
5 g
1,000
4,000,000
A J
192 1900
1,000
4Mg J
2,936,000
See text.
117 1888
1,000 Ac
5 g
50
50
1,000
205 M 1892
1,000
205 M ’ 98-00
1,000
205 M 1892
10
100
10 1911 1,000 Ac
197
1903
13
1868
1911
1897
1.000
11,237,700
10,927,000
4,561.000
4,392,000
434,000
7,275,000
7,000,000
7
4
4M
3M
3M
5
4M
4,068,000
5 g
g
g
BA
A
g A
. 100 Ac
600,000
6
1,000
450,000 See text
1,000
8,946,000
4 g
100 31,000,000 2 In 1911
100
8.500,000 4 In 1912
1882
100
8.500,000 4 In 1912
1,041 1899
1,000 19,402,000
4 g
T ext
1905
100 Ac 30,245,000
4M g
1907
1,000
465,000
5
uls A San Fr anclsco.
“ D ,” F A A .
261
C LEVELAN D LORAIN & W HEELIN G R Y .— (See M ap B . & O .)— Owns
from Lorain, O ., to Bridgeport, O .. opposite W heeling, W . V a ., 158 m .: Les
ter to Cleveland. 28 m ., and branch to Bellalre. O ., 6 m .; operates St. Clalrsvllle A N orthern, 3.33 m .; total, 195 m .; and has trackage Into W heeling.
V . 80, p. 1174. Operated b y B. A O ., which owns all of the stock, $8,000,000
com . and $5,000,000 pref. See V . 72, p. 480: V . 73, p. 236: V . 86, p. 602.
Pref. dlvs.: 1896, 3 % : Dec. 1904, 2 M % ; 1905 to April 1908, 5 % ; no fur
ther dlvs. to be declared. D lv. on com ., 2 M % In 1908.
O f the 4 Ms. $6,000,000 are reserved to retire old 5s. V . 70, p. 230, 480.
R E P O R T .— In 1908-09, gross. $3,796,182; net, $1,216, 152; other In
com e, $4,038; charges, A c., $506,168; balance, $714,022. Earnings now
Included with those of Baltimore & O hio.— (V . 87, p. 1416.)
CLEV E LAN D & MAHONINO V A LLE Y R Y .— Owns from Cleveland, O .,
to Sharon. P a ., 81 miles (57 double track); Niles, O ., to New Lisbon, O .,
and branches, 36 m . Leased to N ypano R R . (form erly N. Y . Penna. A
Ohio) till 1962* rental $525,967 per annum. Coupon Interest Is J. & J .,
registered Interest, Q .-J. Stock is $3,259,200, of which $3,258,250 Is held
b y “ A tlantic First Leased Lines Rental Trust C o., L im ited,” of L ondon.
Dividends In 1897, 13 54%: 1898 to 1904, both Inclusive, 13 M % yearly; In
1905, 11.42% ; In 1906 to 1911. 1 1 .4 0 % .— (V . 63, p. 968.)
C LEV E LAN D & PITTSBURGH R R .— (See M ap Pennsylvania R R .)—
Cleveland, O ., to Rochester, P a ., 124 miles; branches: Bayard, O ., to R os
well, O ., 39 m .; Yellow Creek to Bellalre, 43 m .; trackage, Rochester to
Plttsb. (P. Ft. W . & C hic.), 26 m .: other trackage. 23 m .; total, 255 miles.
L E A S E .— Leased for 999 years Dec. 1 1871 to Penn. R R . C o., ana lease
transferred to Pennsylvania Co. R ental: dividends on stock, interest on
bonds and organization expenses. “ Special guaranteed betterm ent stock ”
(subordinate to the original stock as to dividends o n ly ), with dividends of
4 % guar, b y the Penn. R R ., is Issuable for Impts. V . 79, p . 2205, 2642;
V . 83. p. 625; V . 85, p. 1082; V . 87, p. 812; V . 91, p. 1446; V . 93, p. 1785.
Stockholders on June 15 1911 authorized Increase In stock from $22,000,000
to $40,000,000, the new stock to be additional 4 % guar, special betterment
Stock. V . 92, p. 1031, 1108.
B O N D S.— Generals are all equally secured: guaranty ,V . 56, p. 604.
E A R N IN G S .— In 1911, gross earnings, $10,524,914; net, $3,359,003;
profit to lessee, $1,785,824.— (V .9 2 .p .1108, 1635: V.93,p.1461, 1532. 1785.)
CLEV E LAN D SHORT LINE R Y .— A belt line around Cleveland, O .,
from a point near W est Park, 7 miles west o f Cleveland, east, thence north
east to Collinw ood, 19.05 miles, to be com pleted In 1912, of which 10.08 miles
In operation In Sept. 1910. V . 91, p. 654. Stock: com m on, $3,750,000;
p ref., $3,525,000; all owned b y Lake Shore & Mich. South., which leases
the road until March 31 2010, the rental providing for Interest and 5 % on
stock; par, $100. V . 86, p. 167; V . 92, p. 1031. A mortgage for $20,000,000
has been authorized; present Issue, $7,000,000, being guaranteed by lessee,
(all held b y lessee Dec. 31 1911), $3,525,000 to be reserved to retire, $for $,
5 % convertible pref. stock; remainder for future purposes. V . 92, p. 1108,
1178. Pres., W . C. Brown; V .-P ., D. C. M oon.— (V. 92, p. 1031, 1108,
1178; V . 93, p. 940.)
C LEV E LAN D TE RM IN A L & V A LLE Y R R .— Cleveland, O .. to Valley
ju n ctio n , 75 miles; branches, 11 miles. Of the $4,615,300 common (par
$50), B. & O. owns $4,594,300, and of the $2,060,750 pref., $1,826,700;
par, $100. B onds, see B . & O.
Gross, 1910-11, $1,350,497; net, $421,676; other Inc., $31,721; lnt., & c.,
$246,127; bal., sur., $207,270.— (V . 91, p. 1324; V . 93, p. 1105.)
COAL & COKE R Y — Owns from Elkins, W . V a ., to Charleston, W . V a.,
175.6 miles; Mable to Belllngton, (17.7 m ., less Letter to'jRoarlng Creek
J et., 1.6 m ., used on line from Elkins to Charleston), 16.1 m .; branch,
Gassaway to Sutton, 6.5 m . (com pleted Jan. 1910); total, 198.2 miles.
Com pany’s own line from Elkins to R . C. J et., 6.84 m ., Included above,
com pleted N ov. 1 1911. A bou t 100,000 acres of coal lands are owned.
Stock, com ., $10,000,000, all outstanding; 5 % p ref., $10,000,000 author
ized O ct. 1907, of which $8,881,800 Issued to purchase $6,300,000 bonds
and settlement o f other debts; bonds reduced to $5,000,000, of which $2,
000,000 In treasury. V . 85, p. 1005. Mortgage covers road and coal lands.
V . 78, p. 47. Car trusts June 30 1912, $239,898, due $55,000 yearly; loans
and bills payable, $1,883,303.
E A R N IN G S .— 2 m os., (1912....................Gross, $175,799; net, $54,431
July 1 to A u g. 31.
11911----------------- Gross, 137,370; net, 29,977
R eport for year ending June 30 1912, In V . 95, p . 816, showed: Gross,
$1,117,958; net. $437,972; net Income coal dep t., A c., def. $11,192; total
net, $426,780; other Income, $9,809; lnt., taxes, A c., $360,585; bal., sur..
$76,004. Pres., H . G. Davis, Elkins, W . V a.; See., C. M. Hendley, W ash
ington, D . C.— (V . 91, p. 1883,1246; V . 93, p. 1105,1185; V . 95, p . 749,816.
COLEBROO KDALE R R .— Pottstown to Barto, P a., 12.81 miles. Leased
to Phlla. & Reading R y. Common stock, $297,215: par, $50.
COLORADO EASTERN R R .— Owns Denver to Scranton, C olo., 16 miles,
3 -ft. gauge; under construction In Denver 2.1 m . broad gauge. Also owns
3,360 acres of coal lands, 640 acres leased from Colorado, and valuable
terminals, franchises, A c., In Denver. Incorp. In Colorado May 21 1894
as successor of railway o f same name, foreclosed. Stock, com m on, $400,
000; pref. (as to assets), 6% non-cum ., $150,000; par, $100. Bonds bear
Interest at 3 % for first year, 4 % for 2d year and 5 % thereafter. Pres.,
H . T . Rogers, Denver, Colo.; V .-P . and Gen. M gr., R . R . Govln, N, Y .;
Sec. and A u d ., R obert M cDowell, Denver, Colo. Office, Denver, Colo.
„ COLORADO M ID L A N D R Y .— (See M ap Col. A South.)— Owns from
Colorado Springs to New Castle, Col., through B usk-Ivanhoe tunnel, 221.92
miles; branches. Basalt to Aspen, 19.37 m .; Cardiff to Spring Gulch, 15.01
m .; Arkansas Jet. to Ltadvllle, 4.80 m .; total owned, 261.10 miles. Leases
R io Grande Jet. R y ., Ride Creek to end R . G. J. R y ., 62.08 m .; trackage
to Rifle Creek. * c -> 14.46 m .; total operated, 337.64 miles.
O R G A N IZ A T IO N .— Successor O ct. 1897 to the Colorado Midland R ail
road, foreclosed and reorganized per plan In V . 64, p. 1224. 1226. In May
1900 a m ajority of the stock. If not the entire Issue, was purchased by a
syndicate In the Joint interest of the Colorado & Southern and Denver A
R io Grande. V . 70. p. 688, 791, 997, 1290: V . 71. p. 28; V . 73, p. 1111.
In Jan. 1912 the Col. & Southern applied for authority to sell Its one-half
share. V . 94. p. 278. Pres., $6,000,000; com m on, $4,000,000.
Am ount
Outstanding
[VOL. L X X X X V .
Q— M
K— M
X
V
& o
A o
A o
A
A
J
,T
J
See
A
A
F
M
A
A n
A D
A j
text.
A o
A o
A A
A N
A O
o
Last Dividend
and Maturity
July
June
June
Jan
N ov
Jan
May
Apr
Places Where Interest and
Dividends are Payable
1 1991
J P Morgan A Co, N Y
1 1993
do
do
1 1930
M organ,HarJesACo, Paris
1 1931
J P Morgan A C o. N Y
1 1912 3% J P Morgan A Co, N Y
1 1928
do
do
1 1953
Central Trust Co, N Y
11953
J P Morgan A Co. N Y
nd Cincinnati C hlcago A St Louis
Oct 1 1933
2 Wall Street, New York
June 1 1936
do
do
Jan 1 1930
do
do
Jan 1 1938
W inslow, Lan A C o., N Y
Sep 3 1912 1 % W inslow, Lan A Co, N Y
Sep 3 1912 1%
do
do
Jan-Oot 1942
do
do
1948-1950
do
do
Oct 1 1942
do
do
Oct 1 1912
A pr 1 1961
Treas off, Gr Cent T e r, N Y
A pr 1 1919
Elkins, W V a, or Balto
June 1 1898
June 30 1931
July 1 1947
Deo 30 1911 2%
Oct 1 1912 2%
Oct 1 1912 2%
Feb 1 1929
May 1 1935
A pr ’ 13-Apr ’ 17
Reading Term inal, Phlla
15 Wall St, New York
26 Liberty St, N Y
Office 26 Liberty, N Y
do
do
do
do
do
do
do
do
Guaranty Trust Co, N Y
E A R N IN G S .— 2 m o s .,J 1 9 1 2 ..-............l.- .G r o s s , $317,518; net. $8,627
July 1 to A ug. 31.
\1911...........................Gross, 336,533; net, 74,016
Year—
Gross.
Net.
M isc.In c.
Charges.
Balance.
1 9 1 1 -1 2 _______ $1,830,166 $275,201
$39,114 $565,737 def.$251,422
1 9 1 0 -1 1 _______ 1,907,564 247,282
37,443
552,440 d ef. 207,715
O F F IC E R S .— Pres., Geo. W . Vallcry; V .-P ., Chas. H . Sohlaoks; Treas.,
H enry L . H obbs; S ec., L . B . Johnson, Denver; Asst. Seo., F. L . Paetzold,
N. Y .; Asst. Treas., II. B. H enson, N. Y .
Directors.— George B. Harris, A . D. Parker, Darius Miller, W . P . Clough,
Samuel C. Matthews, Edwin Gould, W inslow S. Pierce, E . T . Jeffery and
Chas. H . Schlacks.— (V. 92, p . 1701; V . 94, p. 278, 767.)
C O L O R A D O & S O U T H E R N R Y . — (See M a p .)— Operates a system from
Orln Jet., W yom ing, through Colorado to F ort W orth, T e x ., and b y ex
tensions built to 10(36-07 reaches tidewater at Galveston, T e x ., and also
H ouston, Dallas and other points, viz.: (* which see.)
Controlled—
M iles.
Lines owned—
M iles.
Cheyenne to Orln Junction______ 154 Denver A Interurban R R ______ 29
Denver to Southern Jot., C o l o . .129 Fort W orth A Denver C ity_____ *454
Denver to Leadv. (nar. g a u g e ) ..152 Col. Spr. * Crip. Cr. D istrict____ *74
Como to Baldwin Mine (d o )_____ 133 W ichita Valley R y . . ....................... *52
W ichita Falls & Oklahom a---------- 23
W alsenburg J et., Col., to Texas
State L ine-------------------------------- 176 W ichita Valley R R ........................... 61
O th.lln es.br.,& c .(106 nar.gauge) 285 Abilene & Northern----------------------- 39
Trackage— Pueblo to W alsenburg
Stam f.A N .W . R y .(V .8 9 , p.1281) 82
(Denver & R io Grande)................ 59
Cheyenne to Denver (U n. P a o .)..1 0 6
Total June 30 1 9 1 1 .................2 ,0 0 8
Trinity & Brazos Valley R y .—
See that com pany.
T o ta l-------------------------------------1,194
A lso owns beneficial Interest In Colorado Midland, operating 338 m .,
but In Jan. 1912 applied for authority to sell the same. V . 94, p. 298.
The new low-grade line from Pueblo to W alsenburg, 56 miles, and line
from W ellington, Col., to Cheyenne, W y o ., 32 m ., were opened Oot. 15 1911.
Leases Colorado Springs & Cripple Creek District R y ., 74 miles, to Cripple
Creek Central R y . V . 94, p. 123.
O R G A N IZ A T IO N .— Successor Jan. 11 1899. per plan V . 67, p. 748,
of Union Pacific Denver & Gulf and Denver Leadvillc & Gunnison. In
D ec. 1908 the Chicago Burlington & Quincy acquired $23,657,500 com m on.
V. 87. p. 1663. 1604; V . 88, p. 158, 685.
Owns a large m ajority of the com . stock of F ort W orth A Denver City
R y ., which see. Owns a beneficial Interest In one-half stock of Colorado
M idland. V . 70, p. 739. Controls Denver A Interurban (Electric) R y ..
which owns 21 miles, and operates 31 miles of Col. & Sou., which has been
electrified, under lease. V . 87. p. 950; V . 89, p. 934.
D IV ID E N D S .! ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. to ’ l l . 1912.
4
1st preferred. % } 2 3 M 3 M 4
2
0
4
4
4 yearly
4
2d pref e rr e d .. % J .................. ....................................
4
4 yearly
C om m on......... % J .................................................................
2 yearly
B O N D S .— 1st M „ see V . 68, p. 1027; V . 77, p. 2158; V . 87. p. 444, 1160.
T he $100,000,000 refunding bonds of 1905 were made Issuable as follows:
For refunding bonds and equipment obligations of system ______ $36,850,000
For betterments and Improvements, Including equipm ent, at the
cu m . yearly rate of $500 per mile of operated A controlled lines 15,000,000
For reimbursement of the treasury o f the com pany, A c ________
2,500,000
For acquisition of additional property (Including proper provlslon for the cost of double-tracking parts of the malD lin e s ).. 45,650,000
The refunding bonds are secured by a first lien on all the bonds and prac
tically all the stock o f the cos. owning about 622 miles of road, Including the
W ichita Valley lines and the Trinity & Brazos Valley R y .; also, b y direct
lien, subject to the first mortgage, on about 1,041 miles of road owned by
the Colorado A Southern and on the stock of subsidiary cos. whose bonds
are not pledged under the m ortgage, owning 555 miles of road, making
1,596 additional miles, on which there are outstanding $30,803,900 under
lying bonds; total thus covered, 2,218 miles, on which the total outstanding
funded debt. Including these bonds and all prior liens, averaged $26,565
per mile. V . 80. p. 1791: V. 91, p. 462. 214; V . 93, p. 1021.
In Jan. 1911 sold $1,400,000 ref. bonds to com plete gaps from P ueblo.
C ol., to W alsenburg, about 56 miles, and from W ellington, Col., to Chey
enne, W y o ., 32 miles. V . 92, p. 186, 117: V . 92, p. 394.
Equipm ent bonds o f 1907 mature $51,000 s-a to April 1 1914; thereafter
$52,000: V . 84. p. 507. Pullman Co. car trusts May 1 1912, $90,673.
E A R N IN G S .— Including F t. W orth A Den. City and all affiliated lines:
2 Afos. end. A u g. 31— Gross.
N et.
C hges.(N et). B a l.,S u rp .
1 9 1 2 ......... ..................... -.$2,272,143
$697,113
$452,108
$245,005
1 9 1 1 _____________ ______ 2,454,041
893,799
460,190
433,609
Earnings of Col. Sp. & Crip. Creek Dlst. R y . arc not Inch after N ov. I ’ l l .
R E P O R T .— R eport for 1910-11 at length, showing operations of system .
Including the Ft. W orth & Denver City and Col. Spr. & Crip. Cr. Dlst. R y .,
Denver & Interurban R R ., Colorado R R ., F t. W . A D cnv. Term . R y . and
W ichita Val. In V. 93, p. 1101, 1119. Comparisons with ’08-'09 Inaccurate.
1911-12.
1910-11.
1909-10.
Average m iles..............
1,813
2,008
2,042
Total operating revenues_____________ $13,960,826 $15,824,064 $16,777,981
Operating expenses___________________ 9,616,454
10.334. I l l 10,863,455
Operating Income (over tax es)______ $4,344,372
(7)
Total net I n c o m e ..______ _________
ln t. on bonds, equip, obllg’ns, A c ___
(?)___
Dividend first pref. stock ( 4 % ) ______
340,000
Dividend second pref. stock ( 4 % )
340,0C0
Dividend com m on stock ( 2 % ) ______
620,000
One-half def. Trin. A Braz. V al..........
(?)
$4,978,345
$5,623,566
$3,324,974
340.000
340.000
620.000
482,598
$5,414,333
$6,041,958
$3,090,325
340.000
340.000
620.000
466,718
$200,818
$515,994 $1,184,915
Balance, surplus for year..................
O F F IC E R S .— Chairman, George B. Harris; Pres., Darius Miller; V .-P .;
A . D . Parker: Denver, C olo.: Sec. and Treas., B. F. James, Denver. C olo.,
Asst. Sec. and Asst. Treas., T . S. Howland. Chicago, 111.: Cashier. F. L .
P aetzold. 26 Liberty S t., N . Y .— (V . 94, p . 278; V . 95, p . 293.)
42
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
& C rip Cr D R y — 1st M $2 000,000 g s f . - . C e
First consol mortgage $3,600,000 gold ____ G.cA r
Col S p g s
C olorad o T e x a s & M e xico — First mtge $ 7 5 ,0 0 0 ,0 0 0 --C o lu m N e w b & Lau ren s — 1st M 512,000 per m _ .S B a
C o lu m b ia & G reen ville — See Southern R y
C o lu m b u s & T o led o — See Hocking Valley R y
C o lu m b u s & X e n ia — Stock 8 % r e n t a l.................... ......
C o m b in a tio n B ridge (S iou x C ity , la ) — First m tge-----C on cord & C larem on t (N H) — Tlrst m ortgage______ c
C oncord & Montreal— Stock Class I (B C A M p r e f)--
Miles Date
Road Bonds
74
75
1900
1902
1908
1887
71
1895
1894
Stock Class II (1 )C & M n e w ) ..__________________
Stock Class I I I (B C A M old s to ck )________________
Stock Class IV (Concord) (te x t)___________________
262
Concord & Montreal cons M for $ 5,5 00 ,0 0 0 -.B B .c*
Debenture bonds §1,150,000 currency___________c*
do
do
§500,00O Interest guaranteed___
Concord & Portsm outh— Stock 7% rental 99 years. _ 40 A
Conn & Passum psic— Pref stock 6 % rental 99 y r s ..c *
110
First m ortgage $1,900,000 gold __________________c*
37
Massawlppl stock guar same dlv as Conn & Passump
21
Newport A RIchford 1st M gold guar b y C A P . . c *
80
C on n ecticu t R iver — Stock $3,670,300 authorized-----Bonds not mortgage for $1,000,000 gold --------------- c
Bonds not m ortgage_________________________
do
do
________________________
7
C onn (P h ila ) — Phila G & Ch II 1st M guar b y P c n n .-r
37
First m ortgage $15,000,000_________________ - - - G P
C on n cllsvillc & M on o n g — 1st M g s f red p a r-U P i cx& r
19 A
C o o p e r sto w n & Susq V a il — 1st M $200,000 Int g u a r ..
C op per R a n g e — First m ortgage gold (see t e x t )- - - - - - T ext
C op per R iver & N o rth w e ste rn — 1st M 550,000,000 Gc*
26
C orn w all & L e b a n on — S tock ---------------------- - - -
26
First M extended at 4 % In 1906 (V 82 p 1322)
35
C ou n cil C ity & Solom on R iver R R — 1st M $350,000 g C ripp le Creek C en tral — Comm on s to c k --------------------Preferred stock 4% non-cum ulatlve----------------- - -
41
Midland Term first m tge gold sinking fu n d------ F.c
C u b a E a ste r n — See Guantanamo A W estern
1890
’97-99
1900
1893
lo i i
1893
1901
1903
1883
1911
1905
1888
1899
1909
1891
1908
_.
______
1895
Par
Value
$1,000
1,000
1,000
1,000
Amount
Outstanding
Rate
%
$1,038,000
1,379,000
(?)
899,030
5 g
5 g
5
3 g
1,786,200
50
500,000
500 &c
500,000
1.000
800.000
100
540.400
100
459.600
100
100 See text.
5,500.000
1,000
1,050,000
1,000
473,000
1,000
350,000
100
2.500,000
100
1,900,000
1,000
400,000
100
350,000
1,000
3.233,300
100
1,000,000
1,000
290,000
1,000
969,000
1,000
1,000,000
1,000
1,000
2.059,000
814,000
t ,000
200,000
100 &C
500 Ac
2,280,000
1,000 See text
800,000
50
100 Ac
764,900
347,000
1,000
2,500,000
100
100
3,000,000
1,000
370,000
C O L O R A D O S P R IN G S & C R I P P L E C R E E K D I S T R I C T R Y . — Colorado
Springs to Cripple Creek, C ol., 47 m .; branch, Cameron to V ictor. 5 m „
other branches and spurs, 22 m .; total, 75 m .; of which 57 m. steam, 16 m.
steam and electric and 2 m . solely electric. In Jan. 1905 Colorado &
Southern acquired all the stock except $900 com . V. 80, d . 472, 1111, 1423.
Leased to Cripple Creek Cent. R y . to May 1 1935. V . 94, p. 123.
S tock, all outstanding, com ., $1,200,000; pref., 5% non-cum ., $800,000.
Par of shares, $100 each. D lv. 5% on pref., paid F eb. 1907, June 1908 and
N ov. 1 1909. On com ., 2 % , Sept. 1908. Sinking fund can retire first mtge.
bonds yearly at 110 for first 15 years, then at 107 A for 5 years, then 105 for
next 5 years, 102)4 for 3 years, thereafter at par. V . 76, p. 345.
E A R N IN G S .— 12 m os.,/1 9 1 1 -1 2 .............. Gross, $687,151; net, $245,656
July 1 to June 30.
U 9 1 1 -0 1 --..........Gross. 700,220; net, 210,594
Pres., A . D. Parker.— (V. 87, p. 740; V . 88, p. 822; V . 94, p. 123.)
C O L U M B I A N E W B E R R Y & L A U R E N S R R .— Columbia to Laurens,
S. C., 75 m . Stock, $500,000. Bonds were 6s, but re-lssued as 3s In 1900,
Income certificates to amount of 40% of bonds being Issued. Outstanding
June 30 1911, $64,454 Income bonds and $359,600 certs, for funded coupons.
Year ending June 30 1912, gross, $329,221; net, $84,107. In 1910-11,
gross, $354,512; net, $125,942; other incom e, $51; Int., taxes, A c., $62,010;
Improvements, $21,529; bal., sur., $42,454. Pres., W . G. Childs, Coum bla, S. C.
E A R N IN G S — 2 m os., 11912_______________Gross, $45,734; net, $7,671
July 1 to A u g. 31.
J1911-----------------------Gross, 44,626; net, 4,526
C O L U M B U S & S O U T H E R N R Y . — W yandotte, O ., at a connection with
the Penna. R R ., to South Bloom ingvlllo, 22.82 miles
Stock, $200,000.
B onds, $200,000 1st m tge. gold 5s dated 1902, Int. M. & N. at Boston
Safe Dep. A T r. Co. Owned M ay 1911 b y Geo. B. W ilbur, Boston, Mass.,
but an Eastern syndicate had an option on road. For year end. Juno 30
1911, gross, $15,007; op . d el., $1,757. Pres., Fred. C. R ector. Columbus,
O .: Sec., A . B. Kiefaber, Lancaster, O .; Treas., I. F . Anderson, Laurelvllle, O .— (V. 93, p. 229.)
C O L U M B U S & X E N I A R R — Owns from Columbus, O .. to Xenia, O .,
55 miles. Operated as a division of the Little Miami, and Is leased for 99
years from Dec. 1869, In connection with that road, to the Pittsburgh Cin
cinnati Chicago & St. Louis, which pays 8 % on stock
The lease Is guar
anteed by Pennsylvania R R . Co. Dividends 2-5% per annum, from assets,
were discontinued In 1901.— (V . 72, p. 532.)
C O M B IN A T IO N B R I D G E ( S I O U X C I T Y . I A . ) .— Owns steel bridge 1,940
feet long over Missouri R iver, with approaches, 1 mile, used by railroads
and street cars as a highway. S tock, $1,500,000. Mtge. trustee, Union
Trust C o., Indianapolis, Ind. Pres., Jos. C. Head, L atrobe, Pa.; S ec., F.
L . E aton. Sioux City, la .— (V . 78, p. 102, 286.)
C O N C O R D & M O N T R E A L R R . — From Nashua, N. H „ via Concord,
Plym outh, A c.. to Grovcton and the W hite Mountains, 450 miles In all,
Including Manchester & Keene, 30 m .; owned join tly , 414 m .; 35 m. double
track. Owns Concord Street R y ., 11 m .; also e'ectric branch from Concord
to Manchester, N. II., 17 miles, and Nashua & A cton R R ., 20 miles.
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7%
per annum on all stock. In April 1911 B os. & Me. obtained authority to
purchase stock. V. 92, p. 1108. Shareholders O ct. 10 1911 authorized $400.
000 addltlonai stock for Impts. (Increasing stock to $6,457,600) and on June
4 1912 $1,500,000 In connection with new road to M t. W ashington and Im
provements connected therewith, to be offered to stockholders at $160
per share. V . 94, p. 1507, 1565.— (V . 94, p . 1565.)
C O N C O R D & P O R T S M O U T H R R .— Owns Portsm outh, N. I I . . to Man
chester, N . H ., 40 A m. Leased to Concord R R . In 1862 for 99 years; rental
$25,000; 7% on stock and org. exp. Operated by Boston & Maine.
C O N N E C T IC U T & P A S S U M P S I C R I V E R S R R .— W hite River Jet., V t „
to Canada Line, 110 m .; leases 999 years Massawlppl Valley, 37 miles.
Owns nearly all the stock ($350,000) of the N ewport & RIchford R R .,
N ewport, V t.. to Canadian line, 21 miles, operated under lease by Montreal
& A tlantic R y. (Can. Pac. system ), and guarantees its $350,000 1st 30-year
5% bonds dated Jan. 1 1911. V . 91, p. 946.
L E A S E .— From Jan. 1 1887 leased to the Boston A Lowell for 99 years
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6 % thereafter. In
April 1911 B . & M. received authority to purchase stock. V . 92, p. 1108.
S E C U R IT IE S .— Massawlppl stock receives same dividends as stock of
lessee and $400,000 of It (not Included in the amount outstanding) Is pledged
as part security for 4s of 1893. Of the $2,500,000 pref., $500,000, as also
$50,000 Massawlppl Valley R y . stock, was purchased Feb. 1 1910 bv the
Verm ont Valley, under Its op tion , at par.— (V. 57, p. 1040; V . 94, p. 826.)
C O N N E C T IC U T R I V E R R R .— Owns from Springfield, Mass., to Keene,
N. H ., 74 m .; Bellows Falls to B rattleboro, V t., 24 m .; branches, 6 m .; total,
104 m ., of which 50 double-track. Extension from Hinsdale, N . II., to a
connection with the Verm ont Valley at B rattleboro, V t., 9 A miles, was
almost com pleted In O ct. 1912. Controls Sullivan Co. R R ., Bellows
Falls to W indsor, V t., 26 miles. V . SO, p. 1478; V . 81, p. 899. 1723. In
April 1911 B. & M. received authority to purchase stock. V . 92, p. 1108.
The A ct of June 10 1912 authorizes purchase of Verm ont Valley and Sulli
van County railroads. V . 94, p. 1626; V . 95, p. 679.
L E A S E .— Leased for 99 years from Jan. 1 1893 to the Boston & Maine,
annual rental (as amended O ct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrlD and
$2,000 for organization expenses. V . 94, p . 1626: V . 95. p. 679.)
C O N N E C T IN G R Y . ( P H I L A D E L P H I A ) .— Owns from Girard A ve. to
Frankfort Jet., Phila., 6 m .; North Phila. to Chestnut Hill, 7 m .: branches,
A c . . 23 m .; total, 36 m. V . 73, p. 390. Stock authorized, $5,800,000; ou t
standing, $3,613,650; all owned b y Pennsylvania R R ., which operates
road under lease, assigned to that co. b y Phila. & Trenton R R ., terminating
Feb. 18 2862. Dividends 4 % yearly (J. & D .).
In 1911 made a
new first mortgage for $15,000,000, of which $2,059,000 were exchanged for
the outstanding $2,059,000 3 A % bonds and $1,000,000 are reserved for the
4 A % bonds due May 1 1913. V . 93, p. 229, 730.— (V . 93. p. 229, 730.)
[VOL. L X X X X V .
RAILW AY STOCKS AND BONDS.
See text.
5
4A
7
7
7
7
4
3 )4 & 4
3A
7
6
4 g
6
5 g
10
4 g
3A
3)4
4)4
4 g
4 g
5
5 g
5 g
10 Inl912
4
6 g
See text
4 In 1911
5 g
When
Payable
J
A
J
J
A
A
A
&
J
O
J
J
Last Dividend
and Maturity
Jan
Oct
Jan
July
1
1
1
1
1930
1942
1958
1937
Q— M Sep 10 1912 2%
& J July 1 1915
A J Jan 1 1914
Q— J
Oct 1 1912 1 H
Oct 1 1912 154
G— J
Oct 1 1912 154
G— J
G— J
Oct 1 1912 1)4
J
A D June 1 1920
J A D June 1 1920
J
A D June 1 1920
J
A J July 1912 3 )4 %
F A A A g 1 1912 3%
A A O A pr 1 1943
F A A Aug 1912 3%
J A .1 Jan l 1941
•J A J July 1 1912 5%
M A S Sept 1 1943
.1 A .1 Jan 1 1921
.1 A J Jan 1 1923
M
A N May 1 1913
M 15 & S Mch 151951
M
A S Sept 1 1930
M A N May 1 1918
A A O Oct 1 1949
F A A Feb 1 1959
S em l-an. Aug 1 1912 5%
A A O Apr 11921
M A N May 1 1911
Guar. Sep 11912 1%
Quar. Sep 1 1912 1%
J
A D Dec 1 1925
J
J
Places Where Interest ana
Dividends are Payable
Chem Bk, N Y . & Col Sp
do
do
New York
Treasurer, Columbus, O
Hanover Nat Bank, N Y
Mutual Nat Bank, Boston
Checks mailed
do
do
do
Safe Dep A Tr Co, Boston
Boston S D & Tr, Boston
do
do
Manchester, N H
Safe Dep & T r C o,B oston
Safe Dep A Tr Co, Boston
do
do
do
do
Boston, Mass
do
do
do
Broad St Station, Phila
do
do
Union Tr Co, Plttsb, Pa
Nat Bk Coopcrst'n N Y
Boston, Mass
.1 P Morgan & Co, N Y
Co’s Office, Lebanon, Pa
do
do
In default
Checks mailed
do
Farmers’ L & T Co, N Y
C O N N E L L S V I L L E & M O N O N G A H E L A R Y .— Owns Moser Run Jet. to
Brownsville, P a., and Low Jet. to Low Phos, Pa., 15.68 miles; branches and
spurs, 5.22 m .; total track, about 30 m (connecting Penn, with M onongahela R y .). Incorporated In Penn. Mch. 11 1905. Leased to Penn. R R .
until Jan. 1946 at rental equal to 4 % on cost of road, taxes, operating and
maintenance charges, rental being more than sufficient to pay Interest
charges and retire principal of bonds through sink, fund at or before m a
turity. Sink, fd ., $25,000 y rly ., to call bonds in numerical order, but to
be kept alive. V . 93, p. 407. Stock, $700,000. Controlled by or in Inter
est of U. S. Steel Corporation. Pres., Thomas Lynch; Sec. and Treas.,
J. D. McCreery.— (V. 93, p. 407.)
C O O P E R S T O W N & C H A R L O T T E V A L L E Y R R .— (See M ap Del. A
H ud.) .— Owns Charlotte Crossing to Davenport Centre, 4.51 m .; leases for
99 years from Jan. I 1889, Cooperstown A Susq. Valley R R ., Cooperstown
to Charlotte Crossing, with branch to Cooperstown Jet., 19.48 m .. guaran
teeing Interest on the latter’s $200,000 5% bonds. Year ending June 30
1911: gross, $63,953; net Income. $21,324: charges, $14,397; bal., sur., § 6 .
927. Stock, $45,000, acquired July 1903 by Del. A H ud.— (V . 77, p. 88.)
C O P P E R R A N G E R R . — Calumet, M ich., to Mass City, with branches!
total, 82 m .; sidetracks, 33 m. Stock, $4,244,300, of which $1,639,200
owned by Copper Range Consolidated (Mining) Co. Bonds limited to
$20,000 per mile of main line and branches and $15,000 per mile o f sidings.
Of the $2,280,000 bonds outstanding, $S70,000 were In Jan. 1912 held In
the treasury of the Copper Range Consolidated Co. V . 78, p. 228. Divi
dend, 10% . paid N ov. 1909 from accumulated surplus.
E A R N IN G S .— 12 m os., J1911-12______ Gross, $724,560; net, $252,943
July 1 to June. 30.
U 910-11______ Gross, 698,582; net, 212,220
Cal. year 1911, gross, $717,070; net, $223,458; Int. and taxes, $169,926;
bal., sur., $53,532. In 1910, gross, $721,127; net, $242,253. Pres., Wil
liam A . Paine: Sec. and Treas., Fred. Stanw ood, B oston.— (V . 78, p. 228.)
C O P P E R R I V E R & N O R T H W E S T E R N R Y .— Owns from Cordova,
Alaska, on tidewater, through the Copper River Valley to Copperflelds near
the Chltina R iver. 197 miles. Understood to be controlled by J. P. Morgan A
Co. and M. Guggenheim’s Sons. Stock authorized, $5,000,000; par of
shares, $100. In August 1909 filed a m ortgage to secure $50,000,000 5%
50-year bonds; none out Sept. 1912. V . 89, p . 410.
Pres., S. W . Eccles; Vlce-Pres., R obt. W . Baxter; Treas., E . S. Pegram;
See., W . E. Bennett. Office, 165 B ’w ay.— (V . 94, p. 1382.)
C O R N W A L L & L E B A N O N R R .— Owns Lebanon, Pa., to Conewago.
21.66 m .: branches, 4.78 m. In 1901 the Pennsylvania Steel Co. acquired
$540,000 stock: remainder m ostly owned b y Lackawanna Steel Co.
D I V l’95. '96. '97. ’98. '99. '00. ’01. ’02 t o ’0 6 . '0 7 .'0 8 .’0 9 .’ 10. ’ l l . 1912.
P .C .f 4
4
3
4 4)4 5 5)4 6 yearly 8
7 8 10 10
10
In 1911-12, gross, $308,573; net, $59,886; other incom e, $36,999; Int. and
taxes, $39,147; d lv. (7 % ), $56,000; bal., sur., $1,738. Also (3 % ), $24,000
dlvs. paid from accumulated surplus.— (V . 89, p . 224.)
"C O T T O N B E L T .” — Common name for St. Louis Southwestern R y .
C O U N C IL C IT Y & SOLO M ON
R I V E R R R — See page 141.
C R I P P L E C R E E K C E N T R A L R Y . — Divide, C ol., to Cripple Creek and
Florence, A c., 76 m .; V ictor to Vista Grand, 6 m .; branches and spurs to
mines, A c., 45 m .; total, 127 m „ of which 47 m. standard gauge; leases
(through Florence A Cripple Creek R R .) Colo. Springs A
Dist. lty ., Colorado Springs to Cripple Creek, 47 m ., with branches and
spurs, 28 m. Controls Midland T erm . R y ., Florence & Crip. Creek R R ..
Golden Circle R R ., Canon City A Crip. Crk. R R .,C olo.T rad ing A Irans.Co.
Sec V. 69, p. 851, 1011, 1103; V. 72. p. 984; V. 74, p. 880; V. 77, P. 1542.
Reorganization (per plan In V .7 8 .P . 2018: V . 77, p. 1642,) of the Denver
& Southwestern, foreclosed O ct. 4 1904. V. 79. p. 1461.
STOCKS AN D B ON DS.— Com. stock. §2.500 000: 4% non-cum pref.
stock. $3,000,000; par of shares, $100. V. 82, P- 1156: V. 8o, p. 1209.
1912.
D IV S.— 1905. 1900. 1907. 1908. 1909. 1910. 1911.
0 June, 1; Sept., 1
Com m on------ 3
*7)4
6
0
0
0
4
1,
1, 1,—
P referred ___4
4
4
4
4
4
•Including 2 % extra.
„
R E P O R T .— Report for year ending June 30 1911 was In V . 93, p. 1018.
In 1911-12, gross earnings of roads controlled, §1,119,286; net Income of
roads over charges, $162,295: total net Income of parent co . above all e xp .,
$270,459; d lv. on pref. stock (4 % ), $120,000: com . dlv. (1 % ), $25,000;
total surplus June 30 1912, Incl. surplus of previous years, $419,873. P res.,
Henry M. Dlackmer: Sec. A Treas., A . J. Ronaghan. Office, 111 B w ay.,
N . Y .— (V. 95, p. 1039.)
C U B A R R . — Owns from Santa Clara, Cuba, to Santiago dc Cuba, 356
miles: branches. Zaza Jet. to Sancti Splrltus, 8 miles; A lto Cedro to the Bay
of NIpe, 31 m .; Ponupo branch, 11m .; Jatlbonico branch, 11 A m .; Holguin
branch, 11 m .; Manzanillo branch, 32 A m .; Bayamo extension, 141 m .;
total, 602 miles. See V . 75, p. 1157, 1347.
First dlv. on pref., 1 )4 % , Aug. 1909 1910, F eb., 1 A % ; A ug., 2 % ; 1911,
Feb., 2 % ; A ug., 2 )4 % : 1912, Feb., 2 )4 % ; A u g., 3 % . Is tM . bds. applica
tion to list, V . 86, p. 924; V. 88, p. 451; V. 89, p. 162; V. 91. p. 38. 1253.
Stockholders on June 27 1910 authorized a mortgage to secure 5 % Improve
ment and equipment bonds not exceeding $12,000 per mile (excluding sid
ings) owned; In July 1912 $4,000,000 were sold to retire the $2,000,000
2-year 6 % notes due A ug. 15 1912 and for extensions and Impts. Bonds
arc also Issuable In francs. V. 91. p. 588, 125.3; V. 95, p . 175.
E A R N IN G S.— For 2 months ending Aug. 31:
Gross.
Net.
Charges.
Balance.
1 9 1 2 ............. ................. $643,702
$269,924
$132,750
$137,174
1911
--------------520,452
229,788
120,250
109,538
R E P O R T for year ending June 30 1912 was In V . 95, p . 615, sliow ing,
Gross, $3,819,253; net, after taxes, $1,818,860; bond int., A c., $758,998.
p re f.d lv . (5 % ), $500,000; bal., sur., $559,862. In 1910-11, gross,»3,059,6o0
Pres., Sir William C. Van Horne; V .-P . and M gr., Dom ingo A . Galdos:
V .-P ., Geo. II. W hlgham; Sec., Herbert C. Lakln; Treas., Stephen II. V oorhees. Office, 83 Montgomery S t.. Jersey City, N . J .; 52 William S t., N . \ .
— (V . 93, p. 407, 727; V . 94, p. 1626; V . 95. p. 175, 297, 615.)
C U M B E R L A N D C O R P O R A T I O N .— O R G A N IZ A T IO N .— A holding co .
owning the stock of Caro. Cllnchf. &;o. R y . and Holston C orp., which
O ct ., 1912,]
RAILWAY STOCKS AND BONDS
43
44
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
IFor abbreviations, & c., see notes on first page]
Cuba RR— Common stock $10,000,000--------------------Preferred stock 6% non-cumulatlve $10,000,000..
First mtge gold $20,000 per mile............ G.xc*&r*
Tinpt A equip M g $12,000 per m.......................Nxc»
Cumberland Corporation— Notes--------------------------- N
Cumberland Cc Pennsylvania— First mtge gold guar..
Somerset Coal car tr assum $76,000 yrly...........FBa
Cumberland RR— 1st M $3,000,000 g o l d --------------------------Cumberland Valley RR— See Pennsylvania RR
Dayton Lcb & Cin RR & Term— First M g red (text) . .
Dayton & Michigan— Com stock (314% guar C H A D)
Preferred (8% guaranteed C II & D) endorsed___
1 s t M gu p& I e n d ext In 1 9 1 1 red 1 0 2 J4 beg 1 9 1 7 .C
Dayton Union Ry— First mtge s i n k f u n d call at par.F
Delaware—Stock 8% guaranteed___________________
General mortgage gold_____________________ FP.c*
M iles
Date
Road Bonds
602
1902
1910
1912
57 1891
1906
8.4 1908
29 1907
1871
1871
142 1881
1899
245
113 1892
31 1905
Delaware & Eastern (foreclosed)— See Del A Nor'
Delaware & Hudson— Stock $55,711,500 (text).
Schenectady & Duanesburg first mortgage—
Adirondack 1st M gold guar p A I end___ Us
1st Aref M $50,000,000 g s f red 107 J4 beg’ 18.xc* Ar*
Debentures $2,500,000 $200,000 annually Jan 1 —
Equip 1st lien bonds $10,000,000 g s f.-U sm .xc* “
Guaranteed Securities—
Hudson Coal Co deb guar p & 1 end part due yei
Bluff Point Land Improvement Co 1st M g gu.
1877
14 1874
57 1892
1908
1906
1900
1907
’01-’02
1890
1902
ateaug ay A L
...
Bangor A Portland mortgages gold.
’80-'86
Par
Value
Rate
%
$100 $6,126,000
100 10,000,000 See text
5g
1,000 &o 12,030,000
5 g
4,000,000
S A tr.
5
5.000,000
5g
1,000,000
1,000
5
532,000
1,000
5g
1,028,000
1,000
Last Dividend
and Maturity
Places Where Interest an a
Dividends are Payable
A Aug 1 1912 3
.) July 1 1952
N Alay 1 1960
1) J u n e l1915
N Alay 1 1921
1) Deo 1912-1918
D June 11958
Checks mailed
Royal Bk of Can, N Y
do
do
When
Payable
F
J
M
.1
AT
J
J
A
&
&
A
&
&
&
Guaranty Trust Co., N Y
Fidelity Trust Co, Balt
Guaranty Trust Co, N Y
Cleveland, O
5 g ,T & D June 1 1922
1,000 NoneScp'12
3)4 A A O Oct 1 1912 1 HCincinnati, O
50 2,401,950
—
do
Oct
1
1912
2%
I
8
1,211,250
C
50
J P Morgan & Co, N Y
1,000 2,728,000 4 J4 (5) J A J Jan 11931
Farmers’ L & Tr Co, NY
4 g .1 A J July 1 1949
436,000
1,000
.1 A J July 1 1912 4% Checks mailed
8
25 5,078.275
Broad St Station, Phila
500,000
4)4 g J A J July 1 1932
1,000
11 VV State St., Trenton
8
1,800,000
Q— F Nov 20 1912 2% Meek
100
Nat Bk.Trenton.NJ
3H g F A A Aug 11955
1.800,000
1,000
100 42,503,000 9 In 1912 0--Alch Sep 20 1912 2K Office 32 Nassau St, N Y
do
do
M A S Sept 1 1917
7
1,000 Ac 5,000.000
do
do
500.000
M A S Sept 1 1924
6g
100 Ac
do
do
Alch
1
1942
S
1,000,000
M
A
1,000
4M g
do
do
4 g At A N May 1 1943
1,000 &c 27,704,000
do
do
4 g J 15 A D June 15 1916
1,000 13,973.000
do
do
1913
and
1914
,T
300.000
4g J A
10,000
do
do
1,000 9,698,000
4)4 g J A J July 1 1922
do
do
May
1
1913-18
4 g At A N
1,075,000
1,000
do
do
4 g J A .1 Jan 1 1940
300,000
1,000
do
do
4 g J A J Jan l 1942
1.550,000
1,000
ake Placl d HR; Utic a Clinton & Bing RR; Coop A Ch arl Valley—See those oo«
20 lnl911 See text Oct 21 1912 2)4 90 West St. New York
50
do
do
6 g J A J 1930-1936
320,000
100 &c
v v n s p r o p e r t i e s a lo n g t h e r a i l w a y a n d a t C h a r l e s t o n , S . C . O n J u l y 1 1 9 1
t h e h o l d i n g s o f t h e C u m b e r l a n d s y n d i c a t e In t h e p r o p e r t y w e r e d i s t r i b u t e d
S t o c k , c o m m o n , $ 2 5 , 0 0 0 , 0 0 0 ; 0 % n o n - c u m . p r e f . , $ 1 5 , 0 0 0 , 0 0 0 , a l l P a id
In .
I n 1 9 1 2 s o ld S e a b o a r d A i r L i n e R y . s t o c k a n d r e t i r e d t h e $ 1 5 , 0 0 0 , 0 0 0
c o lla t . t r u s t n o te s d u e J u n e 1 5 1 9 1 2 .
V . 9 4 , p . 1 4 4 8 . I n J u l y 1 9 1 2 s o ld
$ 5 0 0 0 0 0 0 3 - y e a r 5 % n o te s s e c u re d b y $ 2 5 ,0 0 0 ,0 0 0 C a r o lin a C lln c h f le ld A
O h io R y . c o m m o n s t o c k a n d $ 5 , 0 0 0 , 0 0 0 o f I t s p r e f . s t o c k , i n t o w h i c h t h e
n o te s a rc c o n v e r tib le a t p a r .
V . 9 5 , p . 3 6 1 , 4 2 2 .— ( V . 9 5 , p . 4 2 2 , 4 8 0 .)
C U M B E R L A N D & P E N N S Y L V A N I A R R . — o w n s f r o m C u m b e r la n d ,
M d . , t o P ie d m o n t , W . V a . , a n d s e v e r a l b r a n c h e s , 5 7 m ile s .
O w ned and op
e r a t e d b y C o n s o lid a t io n C o a l C o . , w h i c h g u a r a n t e e s b y e n d o r s e m e n t t h e
fir s t m o rtg a g e .
V . 52, p. 390.
S to c k , $ 1 ,5 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
O n D ec. 1
1 9 0 7 p u r c h a s e d 1 ,5 2 3 c a r s f r o m t h e S o m e r s e t a n d F a i r m o n t c o a l c o m p a n ie s ,
a s s u m in g t h e c a r t r u s t s Is s u e d t h e r e o n , v i z . , $ 8 3 6 , 0 0 0 o f S o m e r s e t C o . (s e e
t a b l e a b o v e ) a n d $ 4 5 , 0 0 0 a d d i t i o n a l , w h i c h m a t u r o d I n s e r ie s t o M a y 1 9 0 9 .
V . 8 5 , p . 1 4 0 1 . F o r y e a r e n d in g J u n e 3 0 1 9 1 2 , g ro s s , $ 9 3 0 ,0 5 4 ; n e t, a f t e r
t a x e s , $ 2 2 4 ,7 5 7 : o t h e r I n c o m e , $ 1 5 1 , 0 5 1 ; c h a r g e s , $ 1 0 4 ,7 5 9 ; d l v s . , $ 2 2 6 , 3 8 5 ;
b a l . , s u r . , $ 4 4 , 6 6 4 . — ( V . 8 5 , p . 1 4 0 1 .)
C U M B E R L A N D R A I L W A Y & C O A L C O .— O w n s r o a d fr o m S p r ln g h ll1
J e t . t o S p r i n g h l l i C o a l M in e s , N . S . , a n d P a r r s b o r o o n t h e B a y o f F u n d y .
3 2 m ile s ; a ls o c o a l a c r e s , t i m b e r l a n d s , A c .
T h e D o m in io n S te e l C o r p o r a
t i o n l a t e I n 1 9 1 0 a r r a n g e d t o a c q u ir e t h e $ 1 , 0 0 0 , 0 0 0 s t o c k , w h i c h Is t o b e
e x c h a n g e d f o r $ 6 0 0 ,0 0 0 D o m i n i o n S t e e l c o m m o n s t o c k , a n d t h e $ 9 7 9 ,0 0 0
6 % b o n d s f o r $ 1 ,1 6 4 ,0 0 0 5 s g u a r a n te e d b y S te e l C o r p . V . 9 1 , p . 1 6 2 9 ,
1 7 6 6 ’ V . 9 2 , p . 1 4 3 5 . S to c k h o ld e r s o n F e b . 1 5 1 9 1 1 a u th o r iz e d t h e m a k in g
o f a n e w $ 3 , 0 0 0 , 0 0 0 < n tg e ., t o p r o v i d e f o r p r e s e n t a n d f u t u r e r e q u i r e m e n t s .
V . 9 2 . p . 1 8 6 . O p e r a re d u n d e r le a s e b y D o m i n i o n C o a l C o . F o r y e a r e n d i n g
J u n e 3 0 1 9 1 1 . g ro s s . $ 5 5 ,3 7 7 ; n e t, $ 2 ,0 3 4 .— ( V . 9 2 . p . 1 8 6 . 1 4 3 5 .
C U M B E R L A N D R R . — O w n s A r t e m u s t o W a r r e n , K y . , 8 . 4 m ile s ; e x t e n
s io n u n d e r c o n s t r u c t i o n f r o m W a r r e n t o J e l l i c o , K y . , a b o u t 2 6 . 6 m ile s .
In
c o r p o r a te d In K e n t u c k y in O c t. 1 9 0 2 . S to c k a u th o r iz e d , $ 1 0 0 ,0 0 0 ; o u t
s t a n d in g , $ 2 0 , 9 9 9 ; p a r , $ 1 0 0 .
B o n d s ( $ 3 , 0 0 0 , 0 0 0 a u t h o r i z e d is s u e ) o u t
s t a n d in g J u n e 3 0 1 9 1 1 , $ 1 , 0 2 8 , 0 0 0 .
Y e a r e n d in g J u n e 3 0 1 9 1 1 , g ro s s , $ 3 0 ,
5 2 7 ; n e t in c o m e . $ 6 , 4 1 2 ; I n t . , t a x e s , A c . , $ 1 9 , 2 0 8 ; b a l . , d e f . , $ 1 2 , 7 9 6 ,
P r e s . , ______________________ ; S e c . , R . W . S t o n e ; T r e a s . , A . J . I l a s e l t l n e , a l l o f
W a rre n , P a .
O f f ic e , A r t e m u s , K y .
D A Y T O N L E B A N O N & C IN C IN N A T I R A IL R O A D & T E R M IN A L C O .
— O w n s fr o m L e b a n o n , O ., to L e b a n o n , J e t., 2 3 m .; H e m p s te a d to D a y to n
U n i o n S t a t i o n , 6 m . . w h e r e t e - m l n a l p r o p e r t y Is o w n e d ; o p e n e d M a y 1 9 1 0 .
B r a n c h , L a m b e r t t o L a k e la n d , 1 m .
S t o c k , $ 1 ,0 0 0 0 0 0 .
B o n d s , a u th .,
$ 3 0 0 0 0 0 ( n o n e s o ld t o S e p t . 1 9 1 2 ) ; a r e s u b j e c t t o c a l l , J u n e l 1 9 1 7 a t l 0 5 ;
C le v e la n d T r u s t C o ., t r u s t e e . V . 8 5 , p . 1 5 1 8 .
L o a n s a n d b i l l s p a y a b le
J u n e 3 0 1 9 1 2 , $ 1 1 9 ,5 7 0
F o r y e a r e n d in g J u n e 3 0 1 9 1 2 , g ro s s , 5 6 2 ,8 2 5 ;
o p d e f . . a f t e r t a x e s , $ 2 ,6 6 1 ; r e n t a l s a n d o t h e r c h a r g e s , $ 9 0 0 .
I n 1 9 1 0 -1 1 ,
g ro s s , $ 6 2 ,1 7 6 ; o p . d e f., $ 8 ,3 1 7 .
P r e s ., E u g e n e Z im m e r m a n , J a c k s o n , O .;
V . - F . a n d T r e a s . , F r a n k B r a n d o n , L e b a n o n , O . — ( V . 9 5 , p . 1 1 0 .)
D A Y T O N & M I C H I G A N RR. — O w n s D a y t o n , O . , t o T o l e d o J u n e . , O . ,
1 4 1 .8 2
m .: t r a c k a g e i n t o T o le d o , 0 .9 2 m .
L e a s e d M a y 1 186 3 in p e r p e tu ity
t o C in . H a m . & D a y t o n .
L e a s e m o d ifie d J u n e 2 3 1 8 7 0 .
R e n t a l is m a i n t e
n a n c e o f o r g a n iz a tio n , I n t . o n b o n d s a n d 8 % o n p r e f. s to c k a n d 3 H %
com .
G u a r a n t y o n p r e f . Is s e c u r e d b y m t g e . o f 1 8 7 1 , b u t t h e p r e f . c a r r ie s
n o v o tin g p o w e r.
V . 56. p. 813.
M t g e . o f 1 8 5 6 Is h e ld a l i v e u n d e r m t g e . o f
1881.
V . 9 1 . p . 1 4 4 6 ; V . 9 2 , p . 1 1 8 .— ( V . 9 2 . p . 5 2 6 ) .
D A Y T O N & U N IO N R R .— O w n s f r o m D o d s o n , O ., t o U n io n C it y , I n d . ,
3 2 m ile s ; le a s e s D a y t o n t o D o d s o n , 15 m ile s ; t o t a l o p e r a t e d , 4 7 m ile s .
T h e C le v c . C in . C h ic . A S t . L o u i s a n d C in . H a m . A D a y t o n j o i n t l y o w n t h e
5 86 3 0 0 s to c k .
Y e a r e n d i n g J u n e 3 0 1 9 1 2 , g r o s s , $ 1 4 1 ,6 8 6 ; n e t , $ 2 0 , 2 0 5 .
I n 1 9 1 0 - 1 1 , g r o s s , $ 1 4 8 ,4 5 3 ; n e t , $ 3 3 , 3 0 6 ; o t h e r I n c o m e , 5 2 ,0 4 4 ; c h a r g e s ,
$ 2 0 , 6 4 3 ; b a l . , $ 1 4 , 7 0 7 . — ( V . 8 9 . p . 1 3 4 7 .)
D A Y T O N U N IO N R Y . — U n io n d e p o t a t D a y to n , O .
U s e d b y P itts .
C in . 'C h lc . A S t . L . , C le v . C in . C h ic . & S t . L . , C in . H a m . & D a y t o n , D a y t o n
& U n io n R R a n d E r i e R R . , u n d e r le a s e w h i c h p r o v i d e s t h a t I n t e r e s t o n
b o n d s a n d o t h e r e x p e n s e s b e d i v i d e d b e tw e e n t h e m o n t r a i n b a s is .
S to c k ,
$ 3 2 1 ,0 0 0 , a l l c o m .
F o r y e a r e n d in g J u n e 3 0 1 9 1 1 , g ro s s , $ 9 4 ,8 6 5 ; n e t ,
$ 4 9 ,2 2 8 ; o t h e r In c o m e , $ 8 7 ; i n t . , r e n ta ls , A c . , $ 1 9 ,9 0 6 ; d lv s . ( 7 % ) ,
$ 2 2 ,4 7 0 ; b a l., s u r ., $ 6 ,9 3 9 .
P r e s . , C . E . S c h a l f , C h ic a g o ; S e c . , R . C .
B a r n a r d , C in c in n a ti, O .
O f f i c e , D a y t o n , O . — ( V . 7 3 , p . 1 3 1 2 .)
D E L A W A R E R R . — (See M aps Pennsylvania R R .)— S h e l l p o t C r o s s in g ,
D e l . , t o D e lm a r , M d . , 9 5 . 2 0 m ile s ; b r a n c h e s , C e n t r c v i l l e , M d . , t o T o w n s e n d ,
D e l., 3 4 .9 8 m . ; C la y to n . D e l., t o O x f o r d , M d . , 5 4 .2 7 m .; S e a fo r d , D e l., t o
C a m b r id g e , M d . , 3 2 . 9 6 m . ; M a s s e y s . D e l . , t o C h c s t e r t o w n , M d . , 2 0 . 5 2 m . ;
o t h e r b r a n c h e s , 7 . 2 2 m . ; t o t a l . 2 4 5 . 1 5 m ile s .
V . 67, p . 12ob.
L e a s e d t o P h i l a d e lp h i a B a l t i m o r e A W a s h i n g t o n ( w h i c h o w n s $ 2 , 8 2 9 , 6 0 0
o f th e s to c k ) f o r 9 9 y e a rs fr o m M c h . 1 1 9 1 0 a t a g u a r a n te e d r e n ta l o f 8 % o n
t h e s t o c k , a s p e c ia l s t o c k d i v i d e n d o f 7 0 % b e in g p a i d F e b . 2 8 1 9 1 0 ; a ls o a
s p e c ia l c a s h d i v i d e n d o f 2 0 % a n d a n e x t r a c a s h d i v i d e n d o f 5 % .
D lv s . p r i o r t o le a s e , 1 8 9 8 t o J u l y ’ 0 6 , 6 % y ’ l y ; ’ 0 7 , 8 % ; 0 8 , 8 % ; 0 9 . 8 % :
'1 0 , J a n . , 4 % ; J u l y , 4 % .
F o r y e a r e n d i n g D e c . 31 1 9 1 1 , r e n t a l , $ 4 4 7 ,7 6 4 ;
o t h e r In c o m e , $ 4 2 , 6 3 4 : c h a r g e s , $ 4 0 , 5 8 2 ; d l v s . , $ 4 0 6 ,2 6 2 ; b a l . , s u r . , $ 4 3 ,,).> 4 .
— ( V . 9 0 , p . 9 1 3 , 1 5 5 4 ; V . 9 4 , p . 1 2 3 , 2 7 8 .)
D E L A W A R E & B O U N D B R O O K R R .— O w n s fr o m B o u n d B r o o k (C e n
t r a l o f N . J . ) t o D e la w a r e R i v e r , 2 7 m ile s ; b r a n c h t o T r e n t o n , 3 . 7 9 m . ,
s e c o n d t r a c k , 2 7 .0 2 m . ; t h i r d t r a c k , 9 .0 2 m . ; E a s t T r e n t o n R R . , 2 . 9 7 m . ;
a l l t r a c k , 8 8 .1 7 m .
I n M a y 1 8 7 9 le a s e d f o r 9 9 0 y e a r s t o P h i l a . & R e a d in g
R e n t a l , $ 2 1 3 , 0 0 0 , p a y in g I n t e r e s t a n d 8 % o n s t o c k . — ( V . 8 1 , p . 2 1 0 . )
D E L A W A R E & H U D S O N C O .— (S e e M a p .)— O p e r a te s r a i l r o a d lin e s
f r o m Y V I lk e s - B a r r c , P a . , v i a A l b a n y , N . Y . , t o R o u s e ’ s p o i n t , o n C a n a d a l i n e ,
w i t h b r a n c h e s , 8 7 8 m ile s I n a l l .
V . 68, p. 871.
Lines leased— *See these cos. M iles.
Lines owned—
M iles.
Lackawanna A Susquehanna___ 22
Valley RR of Pennsylvania____ 17
Honesdale and other branches__ 37
Schenectady & Mechanlcvillc------10
Cherry Valley Sharon & Albany. 21
New York A Canada------------------ 150
Schenectady A Duanesburg.........14
Adirondack Railway------- ------------57
•Cooperstown A Charlotte Valley 4
Amount
Outstanding
[V O L . L X X X X V .
•Albany A Susquehanna-------------142
•Rensselaer A Saratoga________ 192
•Chatcaugay A Lake Placid R R . 80
•Union Railroad_________________ 22
•Jefferson R R . (trackage)______35
Boston A Maine (trackage).........22
Other lines______________________ 50
Total operated Jan. 1 1912------ 878
Also leases Utica Clinton & Binghamton and Rome A Clinton R R ., 44
miles, sub-let to N. Y. Ontario A Western. Also controls The Quebec
iYIontreal A Southern Ry., which see; also see V. 81, p. 1610; V. 83, p. 379;
V . 84, p. 338, 623.
„ „
In Feb. 1905 a half-interest in the stock of the Schenectady R y., 116 miles,
was purchased. V. 82. p. 687. Owns $12,499,600 of the $12,500,000 stock
of the United Traction Co. of Albany, which In 1906 acquired control of
Hudson Valley (Electric) Ry. V. 81. p. 1550. 1610; V. 84. p. 51.
HISTORY. AC.— This company was chartered April 23 1823. It Is one
of the largest miners of anthracite coal. The Hudson Coal Co., whose
stock Is owned, controls coal lands having In 1908 an estimated tonnage of
mlnablc coal of 423,265,353. and In June 1909 agreed to purchase the entire
present and future coal output of D. A II. V .86 , p. 913: V. 88, p. 1499.
DIVIDENDS.— 1 ’87. ’88. '89 t o ’96. ’97 t o ’00. '01 t o ’06. '07 t o ’ 12.
Since 1886____ % / 5
6
7 yearly. 5 yearly. 7 yearly. 9 yearly.
Dividends In 1912 fixed at 9% , payable quarterly.
STOCK, &C.— In 1900 to 1906 $1,288,500 stock was retired; none since.
Stockholders Mav 9 1905 authorized Increase of $5,000,000 stock for con
version, at option of holders, to April 1 1916, of $10,000,000 Albany A Susq.
3!4% bonds, dated April 1 1906, on the basis of $500 stock for $1,000 of
bonds. The bonds were sold at par pro rata to D. A H. stockholders to
refund the Albany A Susq. 6s and 7s, effecting a material saving of Interest.
In 1909 the Albany A Susq. stockholders were held by higher Federal court*
to be entitled to the benefit of this refunding. Increasing the yearly rental
paid. V. 85, p. 721; V. 83, p. 1036; V. 80, p. 1174. 1362, 2343; V. 88,
p. 938, 1499; V. 89, p. 1068, 1141; V. 90, p. 911. To Sept. 1912 $3,556,000
bonds had been exchanged for D. A II. stock.
, „
Stockholders Feb. 19 1906 authorized Increase of thcstock by$/ ,000,000,
to provide for exchange of an Issue of $14,000,000 of 4% 10-year debentures,
dated June 15 1906. which was subscribed by stockholders at par. 1 he
debentures were exchangeable for stock at the rate of $500 stock for
$ 1,000 debs between June 15 1907 and 1912. Incl.
V. 82, p.(>87.
The equipment lien 4)4s of 1907 ($10,000,000 Issue) have an annual sink
ing fund of $650,000 to purchase bonds of Issue, other securities or additional
equipment to come under the mtge. V. 84, p. 1247, 1307; V. 85, p. 1082.
On May 12 1908 the stockholders authorized a first and refunding mort
gage for $50,000,000. bearing not over 4% Int. and running 35 years, and
subject to redemption as an entirety only at 107 J4 on any Int. day, beginning
May 1 1918. One per cent of the amount of bonds outstanding Is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used :o purchase
bonds or for Improvements and extensions. Of the Issue, $6,500,000 will be
reserved to retire the outstanding 1st M. bonds; $20,704,000 were Issued to
discharge outstanding obligations maturing during 1908 or for construction
work In progress, and In Jan. 1911 $7,000,000 additional bonds were sold for
Improvements and additions. V. 86, p. 981, 1409, 1589: V. 87, p. 96, 480,
1419, 1604; V. 89, p. 847, 1541; V. 90. p. 54. 107: V. 92, p. 186, 394.
EARNINGS.— 8 m os.,/1912............ Gross,$14,442.403; net, $5,304,166
5,446,087
Jan. 1 to Aug. 31.
U911_______Gross, 13,974,197; net,
REPORT.— For 1911 In V. 94, p. 1048.
____
1909.
Year ending Dec. 31—
1911.
1010.
7,602,877
Anthracite coal carried (tons).............. 9,295,307 8,268,744
Gross earnings of railroads........ ........ $21,421,817 $20,431,800 $l.),.)2;)18.)0
Net (railroads).........................................$8,663,657
$8,233,513 $8,067,380
Coal department (net)...............
def24,30l
41,923
206,4.) t
Other Income_______________________ 1,755.162
2,07..,700 1,810,<44
Balance, surplus______________ _ $1,412,411 $1,505,054 $1,374,295
The earnings of the coal department In 1911 were $13,355,014; expenses,
$13,379,315: op. def., $24,301. In 1910. gross, $11,806,888. net, $41,923.
OFFICERS.— Pres., L. F. Lorce; Chairman Exec. Comm.. R. M. Oly
phant: V .-P ., Chas. A. Peabody, N. Y .; 2d V.-P. A Gen. Mgr., C. S. Sims,
Albany: 3d V.-P., W. II. Williams; Asst, to Pres, and Asst. Sec., W. B.
Schofield; Treas., C. A. Walker; Sec., F. M. Olyphant; Comp.. W. II. Davies
32 Nassau St., N. Y .; Gen. Aud.. Allen McCarty Albany, N. Y.
Afanagcrs.— Robert M. Olyphant, Chauncey M. Depew, W. II. Williams,
L. F. I.oree, William S. Opdyke, Archibald D. Russell, Cornelius Vander
bilt, R. Suydam Grant, George I. Wilber, C. A. Peabody, Robert S. Lovett,
James A. Linen and Robert C. Pruyn.— (V. 94, p. 1048, 1382.)
DELAWARE LACKAWANNA & WESTERN RR.— (See M a p .)— Oper
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo. N. Y.,
410 m., with branches to anthracite region, Ac., 547 m., viz.: (*sec this co.)
Lines Leased (Concl .)—
M iles.
Lines Owned—
M iles.
N. J. State ilne to N. Y . line__ 114 •Oswego A Syracuse— - - - - - - - - 35
Branch to Northumberland____ 80 •Syracuse Binghamton A N. Y ._ 81
Hopatcong, &c------------------------- 2 •Utica Chenango A Susquehanna 97
Erie A Central New York............... 18 •Valley R R . of New York...........11
Bangor A Portland R y .................. 38 •Lackawanna RR. of N. J --------- 28
Lines Controlled and Operated—
Hanover & Newport R R ...............■ 7
Sussex Railroad............................... 31
Lines Leased — (Sec each co.) —
•Morris A Essex and leased brchs.176 Lackawanna A Montrose R R ___ 11
•N. Y. Lackawanna & Western..214
•Cayuga & Susquehanna________ 34
Total operated
Jan. 1912.
.985
Greene Railroad------------------------ 8
.
Cut-ofT between Slateford. Pa., and Port Morris, N. J.. under construc
tion, under charter of Lack. RR. of N. J.; 28 m „ was opened Dec. 24 1911.
shortening line 11 \4 miles. V. 86, p. 543; V. 90, p. 557; V. 92, p. 656;
V. 93, p. 1323. 1786. Cut-ofT from Clark’s Summit, Pa., to Ilallstcad, 38
miles, reducing length of line by 3.6 miles, costing $10,000,000 to 515.000,
000, Is expected to be completed In spring of 1915. V. 94, p. 207, 1382.
HISTORY. AC.— Original company chartered In 1832, present title as
sumed In 1853
In 1903 purchased entire stock N. Y. & Hoboken l'crry Co.
In June 1909 tne D. L. & W. Coal Co. was Incorporated with $6,800,000
authorized stock, to net as selling agent for the company’s coal In Pennsyl
vania, the railroad stockholders being permitted to subsorlbc for Its stock
8
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RAILWAY STOCKS AND BONDS.
46
RAILROAD COMPANIES
[For abbreviations, <fee., see notes onfirst page]
Delaware Maryland & Virginia—June & B— 1st ratgc
Break & Frank 1st M to State red since Jan 1895.Other mortgages........................ ............................. c*
Del River RR & Bridge— 1st M gold guar p & l.GP.c*
Denv Boulder & West— Ino 1st M $800,000 au red par
Denver Lar £c N VV— 1st M g red 108 $30,000 p in.Ba
Denver Northw & Pac— 1st M $22,500,000 g __ Ba c*
Denver Ky Sec coll tr pur money gold notes___ Eq
Locom equip notes gu Am Loo Co due $17,500 qu .c
Miles Date Par
Amount
Rate
Road Bonds Value Outstanding %
1860 One bond
1874 One bond
10 1896
1909
1910
210 1902
1911
NewSecurities toBe Outstanding under Plan.
Stock $10,000,000_______________________________
Northw Term 1st M $3,000,000 g gu red t e x t .. Ba
New 1st M $35,000,000 gold redeem 105...................
Adjustment (Income) bonds $2,000,000__________
Denver & Rio Grande—Stock common (see tcx t)-.T r
Preferred stock 5% non-cumulatlve $50,000,000.Tr
First consol M $42,000,000 now 1st M g--U s.o*& r
$185,000
3
200,000
3
650.000
4
1.293.000
4 g
$1,000
700.000 To 5%
100 &o
5g
1,000 See text
4g
1,000 10,940,(100
2.025.000
5g
6g
3.500.000
875 &c
1910
1912
1912
About.
100
100
500 &c
,667 1886
1,000
.667 1886
& mks
,528 1908
1912
500
,667 1888
1,000
180 1890
1,000
62 1889
434 1889 1.000 &e
609 1899 1.000 &c
1,000
36 1898
1,000
1901
1898
1,000
First &ret M $150,000,000 gold red text._Baxc*&r*
Adjust M Incomes $25,000,000 7% cum red 115--N
Improvement mortgage ($5,000 per mile) gUs.c*&r
Rio Grande Southern first mortgage guaranteed.Ce
Rio Grande Junction first mortgage guar------- Cc.c*
Rio Grande Western 1st M gold (V 69, p 284)..C e.c*
First cons mtge redeem at par (see text) g__ G.c*
Utah Central 1st M guar (V 68, p 724) gold----- G
Utah Fuel Co 1st M $2,000,000 redeem at 110..G
P easant Valley Coal 1st M s f redeem at 115— G
Salt Lake City Union Depot &RR— See that Co.
Equipment bonds Series A gold, last installment —
do
do
Series B red 101 g $75,000 due sa
Des Moines & Fort Dodge— Common stock-------------Preferred stock 7% non-cumulatlve...................... ..
First mortgage gold guar prln & Interest— Ce.c*&r
138
2d M $1,000,000 gold (V. 82, p. 1322) red a tl05.E q
Des Alol la F & No— See St Paul & Des Moines
Des Moines Union— First M for $800,000 gold-.Ce.c*
5
Detroit Grand Haven & Milw— First equip M guar-.c*
189
Consol M guar p & 1 Grand Trunk Ry of Can__ c*
189
Detroit Hillsdale & S W —Stock 4% rental L S & M S
05
x Of which $1,677,000 In treasury: there are also S2 ,233
1903
1907
1905
1906
1,000
1,000
100
100
1,000
1,000
1887
1878
1878
G ro ss__________ - ........................... $36,586,563 $30,052,932 $34,815,011
Net after taxes................
-.$12,841,976 $14,121,315 $15,039,686
Coal department (n e t)..................
*3,490,085 *3,381,262 *4,628,771
1,166,734 3,845,038
Other miscellaneous Income__ 1,105,696
Total net Income........ ......................$17,437,757$18,669,311 $23,513,595
Interest and rentals................... $5,211,375
•$5,166,625 $5,163,383
Rentals, advances, &c_______
224,043
238,584
271,563
2,542,117 2,099,454
Renew Is and betterments___ 2,200,628
Discount on bonds, &c_____________
169,669
............................... .....
Dividends (1 0 % )..................... 3,014,400
3,014,400 2,817,216
Extra dividend (1 0% ).............. 3,014,400
3,014,400 3.014,370
Balance, surplus after dividends . . $3,603,242 $4,693,184 $10,147,609
* Earnings of the coal dept. In 1911, $22,593,288; expenses, $19,103,203;
net, $3,490,085; 1910, earnings, $21,786,127; expenses, $18,404,865; net,
$3,381,262: 1909, earnings. $35,665,865: net, $4,628,771.
OFFICERS.— Pres., W. H. Truesdale: See. and Treas., A. D. Chambers;
Gen. Aud., G. E. Hustls.
BOARD.— Fredk. W . Vanderbilt, Wm. H. Moore, Henry A. C. Taylor,
Wm. H. Truesdale, Geo. F. Baker, Wm. Rockefeller, Geo. F. Baker Jr.,
James Stillman, M. Taylor Pyne, Harris C. Fahnestock, John D. Rockceller Jr., William Fahnestock, Stephen S. Palmer, J. F. Talmage, W . H.
Williams. Office, 90 West St., New York.— (V. 95, p. 480.)
DELAWARE MARYLAND & VIRGINIA RR.— Owns from Harrington
to Franklin City, Va., 78 miles; Georgetown to Rehoboth, Del., 20 miles;
total, 98 miles. Controlled by Phlla. Balt. & Wash., which owns $326,200
of the $526,758 stock (par $25), and so by Penn. R R . See V. 50. p. 498.
In year ending Dec. 31 1911, gross, $346,128: oper. def.. $8,841: other
ncome, $1,268; lnt., &o.. $53,928; bal., def. for year, $61,141— but this
does not Include Interest on floating debt (of $880,249 Deo. 31 1909).
DELAWARE & NORTHERN RR.— East Branch to ArkvtUe, 38 miles,
and 8-mlle branch. Incorp. In N. Y. Oct. 14 1911 as a reorganization of
the Delaware & Eastern R R ., foreclosed Aug. 16 1911, per plan, V. 93,
p. 588. Stock, common, $1,000,000; 6% cum. pref., $250,000; par, $100.
For 8 mos. ending June 30 1912, gross, $65,880; net, $10,422; taxes,
$5,833; other income, $2,165; rentals paid, $439; bal., sur., $6,316. For
year ending June 30 1911 (45 miles), gross, $103,763; net. $7,907; taxes,
$9,346. Pres., Andrew M. Moreland; Sec. and Treas., Clyde C. Taylor.
Office, 30 Church St., N. Y .— (V. 93, p. 1105, 1259, 1725.)
DELAWARE RIVER RR. & BRIDGE CO.— Frankford Jet., Pa., to
Pcnsauken, N. J., and branches, 9.52 miles.
Capital stock ($1,300,000) Is all owned by the Pennsylvania R R ., which
guarantees bonds, principal and Interest, by endorsement. Dividends:
Deo. 1900 to June 1906, Incl., 4% yearly (2 J. & D.): Dec. 1906, 3% : 1907,
5% : 1908, 6% : 1909 and 1910, 6% ; 1911, 5% ; 1912, June, 3% . Sinking
fund, 1% . Guaranty, V. 63, p. 1062, 1159; V. 89, p. 1596.
DENVER BOULDER & WESTERN RR.— See page 141.
DENVER LARAMIE & NORTHWESTERN RR.—See page 141.
DENVER NORTHWESTERN & PACIFIC RY.— Projected from Denver
to Salt Lake, about 575 miles, along a line about 100 m. south of the Union
Pao. and 125 m. north of the Denver & Rio Grande. In 1908 211 miles,
Denver to Steamboat Springs, was completed. See V. 75, p. 289; V. 78,
p. 1108: V. 80. p. 1362; V. 86. p. 167; V. 92, p. 1310.
In April 1911 a law was passed, subject to a referendum vote by the
electors two years hence, that the State shall build a 4-mlle tunnel costing
about $5,000,000 to shorten the present road 16 54 miles, the railroad to
have the right to lease the tunnel or purchase It at cost, but In either case
all roads to have right to use same under traffic agreement. V. 92. p. 1310.
RECEIVERSHIP.— On May 2 1912 D. C. Dodge and S. M. Perry were
appointed receivers. V. 94, p. 1249, 1316. In 1912 $85,000 receivers’ certfs.
were authorized and $250,000 additional proposed. V. 95, p. 47, 544.
In Sept. 1912 It was arranged to purchase $500,000 equipment, $300,000
to be paid for by receivers’ certlfs. and $200,000 by equip .trusts. V . 95, p . 749.
Equipment trust 5-ycar notes outstanding Sept. 1912, $348,609.
REORGANIZATION PLAN.— The plan, dated Sept.3 1912 pursuant to
an agreement between NewmanErband the committee, Bcnj.J.Strong Jr.,
Chairman, representing the notes of the Denver R y. Securities Co. (see
V .9o, p. 890) provides for the foreclosure ot the old 1st M. bonds and the or
ganization of a new company, which will Issue the securities shown In the
table above• A syndicate headed by Mr. Erb and associates will provide
$1,132,000 new money for Improvements, equipment, payment of liens,
Ice. (V. 95, p. 236, 361, 544, 679.)
__
[Note. — All graduated 1st M. bonds will for the first four years receive
In full 1st M . 5s the difference between 5% and the rate payable In cash.
First M . 5% 30- Year Gold Bonds, redeemable on any semi-annual
latcrcst day at 105 & lnt. Total auth., $35,000,000. viz.:
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
J Jan 1 1932
J Jan 1 1932
Overdue
F & A Aug 1 1936
See text July 1 1939
A & O Apr 11940
M & S Sept 1 1952
J & J July 1 1926
Q— F May 1 1912
&
&
Q— F
See text
Up to5%
Broad St Station, Phlla
do
do
do
do
Philadelphia, Pa
Kidder&Co,15NassauNY
In default
New York or Denver
New York or Denver
May 1912 coup not paid
Feb ’ 13-Feb *16 Harvey F'sk & Sons.N Y
30 years
30 years
See text J & J Jan 16 1911 2 H
4 g J & J Jan 1 1936
4V
i g J & J Jan 1 1936
5 g F & A Aug 1 1955
See text See text Apr 1 1932
5f? J & D June 1 1928
4g
& J July 1 1940
& D Dec 1 1939
& J July 1 1939
4e
4g
& O Apr 1 1949
4g
& O Jan 1 1917
5 g M & S Mch 1 1931
5 g J & J July 1 1928
Office, 165 B’way, N Y
National Park Bank, N Y
do
do
Bank' Tr Co, N Y;& Ber
N Y, Lond &Amsterdam
National Park Bank, NY
Maitland. Coppell. N Y
do
do
Guaranty Trust Co. N Y
do
do
do
do
do
do
do
do
Blair & Co., New York
75,000
4M S M & N May 1913
do
do
750.000
5 g M & S Mcli’ 13-Sep’ 17
4,283,100
763.500 See text August Aug 2 1909 5% 25 Broad Street. N Y
Central Trust Co, N Y
3.072.000
4 g J & J Jan 1 1935
5 g A & OApr 1 1935
600.000
1,000
621,000
1,000 2,000,000
200 &c 3.200.000
1.350.000
100
.000 “n ot guara nteed
pro rata to the extent of 25% of their holdings. See extra dividend below.
V. 89, p. 41: V. 90, p.557. Quarterly dividends of 2
on the coal com
pany’s stock were begun In Jan. 1910. V . 90, p. 54.
STOCK.— Stockholders voted Feb. 20 1912 to Increase the authorized
stock from $30,277,000 to $42,277,000. V. 94, p. 350.
DIVXD’ DS. 1’86 to ’03. ’04. ’05. ’06 to ’08. '09. ’ 10. ’ l l
1912.
Since 1885-% /7 yearly. 17 19H 20 yrly. 70 20 20 24$,2 .2 V2 4
July 1909 paid special cash dividend 50% one-half applicable, If desired,
to subscription of stock of new D. L. & W. Coal Co. selling agency; also
15% stock dividend paid Aug. 2 1909, and In Dec. 1911 35% In 4% guar,
stock of Lack. R R . of N .J . V. 89, p. 41, 224: V. 93, p. 1323;V. 94, p.549.
EARNINGS.— 12 m os.,/191l-12--Gross. $35,492,527; net, $12,498,460
July 1 to June 30.
11910-11 - -Gross. 35,947,060; net. 14,319.124
ANNUAL REPO RT.— Annual meeting Is held on Tuesday preceding last
Friday In February. The report for 1911 was In V. 94, p. 549.
Year ending Dec. 31—
1911.
1910.
1909.
$7,290,943 $6,825,430
Passenger earnings.....................$7,696,800
Freight earnings...........................
26,559,40426,511,251
25,858,081
M iscellaneous...... ............................... 2,330,359
2,250,738
2,131,500
N ew Securities Proposed by Plan.
227.500
10,000,000
7.800.000
2,000,000
38.000,000
49.779.800
34.192.000
6.382.000
33.944.000
See text
8.335.000
x2.277,000
2,000,000
15.190.000
15.168.000
390.000
594.000
985.000
[VOL. L X X X X V .
5g
6
6
4
M
A
A
J
Central Trust Co, N Y
& N Nov 1 1917
New York and London
& 0|Nov 14 1918
do
do
& O Nov 15 1918
& J July 5 1912 2% Farmers’ L & Tr Co. N Y
(1) To bear cash lnt., payable semi-annually as follows: 3% per
annum for first 3 years, 4'% for 4th year and 5% yearly there
after. There will be placed In trust $ 132,000 cash to be applied
In paying 2% on account of the 3% lnt. payable for the first
year and 1% of the 3% lnt. payable the second year—
(а) To retire the $8,000,000 1st M. bonds deposited as security
for notes, a principal sum [equal at 85% to the par value of
the $3,500,000 notes ot Denver Ry. Securities C o.]___ ____ $4,117,640
(б) An amount equal at 85% to the Interest upon $3,500,000 at
226,000
6% per annum from Feb. 1 1912 to time of Issuance, say___
(2) To be Issued bearing cash Interest, payable semi-annually, as
follows: 1% per annum for first year; 2% for 2d year; 3%
for 3d year; 4% for 4th year, and 5% yearly thereafter:
(a) To retire remaining $2,940,000 existing 1st M. bonds,
$1,470,000 being 50% of their face (along with 20% In adj.
bonds) and an additional amount equal at par to 2% lnt. per
annum on the $2,940,000 bonds from March 1 1912 to date
of Issuance, say. In all about___ ____ ___________ ________ 1,500,000
(b) To be used In settling certain claims_____________________
195,293
(3) To be Issued bearing from the outset full 5% interest—
(а) Issuable forthwith at 85 to Mr. Erb, In return for $1,132,
000 cash, of which $132,000 Is to be placed In trust as above
stated, and $1,000,000 to be used for Improvements, new
equip't, pay floating debt, foreclosure exp., &c., about___ 1,553,000
(б) To be used, with approval of Chairman of committee___
200,000
[Making total to be Issued under the plan not over $7,800,000. |
(c) Reserved, to be Issued for future requirements, subject to
restrictions to be agreed upon, say..........................................27,208,067
Adjustment mortgage bonds, to be 5% non-cum. Incomes
until rhe net earnings are 150% of the *ull 5% on all out
standing 1st M. bonds and also on Northw. Term, bonds,
but thereafter will be fixed Interest 2d M. 5s—•
To holders of $2,940,000 existing 1st M. bonds, 20% of their
face and accrued lnt. (with 50% new grad’d 1st M. bonds)
600,000
In settlement of claims &c. of Denver R y. Securities Co__ _ 1,400,000
The entire $10,000,000 new capital stock will be distributed to the Erb
syndicate and the Denver Ry. Securities Co. (In the shape of voting trust
certificates, with 7 voting trustees), the latter In settlement of claims, etc.
DENVER RAILW AY SECURITIES CO.— This company was Incorpo
rated In Colorado on Apr. 29 1911 with $10,000,000 stock, and acoulred
8-llths of the stock of the Denver N. W. & Pac. Ry., viz.: $8,232,000 stock
(half com. and pref.) out of $10,940,000: also $8,000,000 (ot the $10,940,
000) Ry. bonds and $4,000,000 6% Colo-Utah Construction notes, secured
by pledge of the $8,O0O,OO0 Ry. bonds. The construction notes are pledged
for $3,500,000 Denver Ry. Securities Co. notes of 1911 due and unpaid
May 1 1912 (V. 93, p. 163: V. 92, p. 1701: V. 93, p. 1021) . On May 2
1912 W. W . Watson was appointed receiver. V. 94, p. 1249. 1316, 1383.
BONDHOLDERS’ PROTECTIVE COMMITTEE— A. J. Hemphill and
L. W. Baldwin, N. Y ., and Henry M. Blackmar, Denver, Colo.: Internat’l
Trust Co., Denver, and Guaranty Trust Co., N. Y ., depositaries. Over 70%
of the $2,940,000 unpledged bonds have been deposited and the $8,000,000
pledged will also be deposited as soon as released. V. 95, p. 817.
N. W . TERMINAL R Y .— Leases Northwestern Terminal Ry. at Denver
for 999 years, guaranteeing bonds, prln. & lnt. Bonds are callable to July 1
1916 at 105 and lnt.; thereafter at 1024$; see V. 90, p. 503.
EARNINGS.— For 12 mos. ending June 30 1912, gross, $1,197,596; net,
$295,610; taxes, $41,220. In 1910-11, gross, $1,044,258; net, $302,637;
D. C. Dodge; Sec. & Treas., S. M. P e r r y . — (V. 95, p. 544, 679, 817, 890.)
D E N V E R & R I O G R A N D E R R . — (See Map.)—ROAD.— Mileage;
Of the preceding:
Road owned and operated____ 2,528
1,810
Rio Gr. Jo. R R ., &c. (leased)..
69 Standard gauge................
Narrow gauge only..................... 787
Second------------track----------159
Total June 30 1912.............. .2.597 ---------„ , „„
—
Rio Grande & Southwestern R R ., Lumberton Station, Col., 33 m. south
easterly, Is operated on basis of 25% of gross earns. V . 79, p. 907.
Jointly with the Colorado & Southern constructed from Southern Jet. to
Walsenburg, 51 miles, completed Jan. 1912, costing each company
$1,924,294. V. 90. p.626; V. 93, p. 597; V. 95, p .6 2 3 .
HISTORY.— On July 31 1908 the Rio Grande Western was merged.
V. 87. p. 226, 285. The Rio Grande Junction is leased Jointly by this oo.
and the Colorado Midland, and Its bonds guaranteed. The Col. Midland Is
controlled by parties Interested severally in the D. & R. G. and Colorado
& Southern. V. 70, p. 739. Rio Grande Southern has been controlled.
The Missouri Paclflo on June 30 1912 owned $17,295,000 common and
$9,805,000 pref. stock, this, together with the Rockefeller Interest, It Is
understood, constituting a considerable majority of the entire stock, the
and most of the common being deposited under the Mo. Pao. 3-year
§ref.
% notes dated June 1 1911. V. 72, p. 338. 580, 1238; V. 73. p. 506.
Denver & Rio Grande owns two-thirds of the stock and has given a trafflo
guaranty to the Western Pacific Ry. (which see), completed from Salt Lake
CJty to 3an Francisco In 1910. V. 81. p. 845: V. 83. p. 568. The stook
($200,000) of the Salt Lake City Union Depot &R R . Co. is about equally
owned by the D. & R. G. and Western Pacific, which guarantee Its $1,100,
000 first mortgage 30-year 5% bonds. V. 88, p. 232.
DIVS. since '911 ’92. ’ 93 .'’ 94. ’95. ’96. ’97. ’98. ’99. ’00. ’01 to Jan. ’ l l
on preferred, %__/ 0 2 0 0 2 2
2H 4 4
5 yearly.
In June 1911 dividends were temporarily suspended, the amount, about
$1,250,000, being used to pay the semi-annual lnt., duo Sept. 1 on the
West. Pao. 1st M. 5% guar, bonds. V. 92. P. 1635.
Bonds.—Improvement mortgage abstract was In “ Chronicle,** V. 47. p. 229.
Abstract of R. G. W . 1st mort. was In V. 49. p. 237, and statement to
N.
Y. Stook Exchange. V. 50, p. 73: also V. 69, p. 284. Utah Fuel 1st 5s
of 1931; see application to list, V. 78, p. 1171, 1178. 1548, 2015.
The Rio G. W. first consol. 4s of 1899, see application to list In full.
V. 72, p. 537, 775, 1189. List of collateral June 30 1912, V. 05, p. $25.
RAILWAY STOCKS AND BONDS.
O c t .. 1912.j
48
RAILWAY STOCKS AND RONDS
R A IL R O A D C O M P A N I E S
pri {'For abbreviations, & c., see notes on first page]
M iles
Date
Road Bonds
Detroit Grand Rapids & Western— See Pere Marquett
Detroit & Mackinac— Common stock, 52,000,000 auth
Pref stock non-cum 51,000,000 auth (V 74, p 629) . .
•‘ First lien” 51.500,000 gold_________ ______ __Gc* All
“ Mortgage bonds” 51,750,000 g red at par.........Gc*
All
Detroit Mackinac & Marquette Ry.— See “ Mlscellan eous C
Detroit Toledo k Ironton— Com stock (V 80, p 650) . .
First pref 4% non-cum (pref as to assets) 57,500,000
Second preferred 5% non-cumulatlve, 55,000,000__
Receiver’s certfs June 30 1912. see text___________
do
do
(V. 95, p. 110).................................
Detroit Southern— Ohio South Division mtge__ Ce
263
General lien & division 1st M 54,253,000 gold--N .c* All
Consolidated mortgage 522,500,000 g o l d ____CK.c* Text
Notes for Ann Arbor 55,500,000, see text______ Usm
Locomotive notes, part due s-a___________________
Locomotive n o te s______________________________
Equipment trust gold (V 82, p 99)____________ Eq
Detroit Southern car trusts due 540,000 yearly-----Det & Tol Sh L— 1st M 53,000.000 g gu p & l_Ba.c*&r
48
Dover & Rockaway— Stock 6% rental 990 years-----218
Dub & Sioux City— 111 Cent W lines 1st M g-.U s.c*& r
184
Iowa Falls & Sioux City 1st M Iowa Falls to SlouxCy
Cher & Dak,C R & C and Omaha Dlv &c first mtge
328
210
Duluth & Iron Range— First mortgage
Mp.c&r
Second M currency redeem at 105 55,000,000-Ce.c*
210
65
Duluth Missabe & Northern— First mortgage gold s f.
130
First consol mtge 53,500,000 gold call at 105------Ce
215
General mortgage gold s f, red 105------- . . . ------Nxc*
Duluth Rainy Lake & Winnipeg—See Dul Win & Pac.
130
Duluth So Sh & Atlantic— Marq H & On gen M Cc.c*
Duluth South Shore & Atlantic 1st M gold.Ce.c&r
587
First consol mtge gold Interest guar----- Ce.c*&r
587
Income certs (53,000,000 held by Can Pac July ’ 12) .
Car trusts guar by Can P a c --------------------------------do
do
do --------------------------------Du Winn & Pac— 1st M deb stock guar by Car Nor Ry
DulRL&Wln 1st M$2.000,000grcd 105since’ ll.IC c *
Dun All V & Pitts— 1st M 55,000,000 g g u -.G .xc'& r*
30
Durham & So Car— 1st M 5300.000 gold red 105-MeBa
Par
Value
Rate
%
When
Payable
Last Dividend
and Maturity
5100 52.000,000 5 In 1912 J & J July 1 1912 2*4
950.000 5 In 1912 J &■ J July 1 1912 2*4
100
4 g .1 & 1) June 1 1995
1.050.000
1,000
1895
4 g J & D June I 1995
1.250.000
1,000
1895
ompan les.”
100 12.500.000
100 7.500.000
000
100 5.000.
6
1,725,780
'08-12
See text
1912
4 g M & S Mch 1 1941
1901
1,000 4.495.000
4 g J & D Dec 1 1955
1905
1,000 4.253.000
1905
1,000 2,776.400
4*4 g F & A Aug 11980
J & 1) Deo 1 1908
5
1905
1,000 See text
40,500
4 *
4 M & S To Sept 1913
1909
To June 1916
120.000
1911
1.656.000
1905
4M g ,T & D To June 1915
1,000
40.000
4 *4 g A & () To Oct 1 1912
1,000
4 g J & ,TJan 1 1953
1903
1,000 2.288.000
A & O Oct 1912 3%
150.000
6
100
1895
4 g F & A Aug 11951
1,000 5.425.000
1869
A & O Oct 1 1917
7
500 &c 2.800.000
8.930.000 Illinois C entral bo nds or collatcra
’88-00
1887 1.000 &c 8.151.000
5
A & O Oct 1 1937
J & J Jan 1 1916
1896 1.000 &c See text
6
1892
1.174.000
6 g J & J Jan 1 1922
1893
619.000
1,000
6 g ,r & J Jan 1 1923
1906
5 g J & J Jan 1 1941
1,000 11.031.000
1885
A
1,000
1.077.000
6
1887
1,000 3.816.000
5 g ,T
1890
F
1,000 15.107.000
4g
1892
3.000.
0004
1909
80.000
4*4 M
1910
A
132.000
4
J
6,148.333
1909
4
1,000 2.000.
0005 g ,T
1906
1910 1,000 &o 2.900.000
4K g F
1,000
300.000
1905
5g J
The refunding mtge. dated July 1 1908 covers the consolidated properties
to secure an issue of 5150,000,000 bonds, redeemable at 105 to Aug. 1 1913
and 110 thereafter. In addition to a lien on the Denver & R. G. R R ., the
bonds are secured oy two-thirds (550,000,000) of the stock of the Western
Pacific and all the 525.000,000 2d mtge. bonds on the latter. V. 86,
p. 1224, 1284, 1529; V. 87, p. 226, 285, 544. 741, 1419; V. 88. p. 100. 230.
294, 504, 822; V. 89, p. 348, 593; V. 90. p. 848.
The adjustment mtge. (7% cum. Income) bonds authorized In April 1912
(total 525,000,000, present Issue 510,000,000) received their first Install
ment of Interest absolutely on Oct. 1 1912, and thereafter semi-annually
(A. & O.). In such amount as the board shall determine out of surplus net
Income during the six months ending Dec. 31 or June 30 Immediately pre
ceding; all arrears. If any, to be paid at maturity or at date of earlier re
demption. Redeemable at 115 any lnt. date as a whole, orblocksof 5500,000.
GENERAL FINANCES.— Of the new adjustment bonds, $10,000,000
(underwritten) were offered In 1912 to stockholders at par,payable 25% each
June 1, Aug. 1, Sept. 3 and Oct. 1, with accrued Interest. The proceeds
will be used to construct a detour line about 14 miles long from Soldier
Summit, Utah, to continue It as a second track 16*4 m. to Thistle, to build
a second track from Thistle to Midvale, about 54 m „ and from Castle Gate
to Kyunc, about 7 *4 m. (aggregate cost about 53,700.000), to purchase
52,500,000 equipment and from the proceeds of $2,50O,OOO bonds to acquire
Western Pac. Ry. obligations to be pledged under the adjustment mtg.
to pay part of West. Pac. Interest and Improvements thereon and the re
mainder for Important acqulsltons and Improvements, especially for pur
poses designated In the 1st & ref. M. V. 94, p. 911, 1565: V. 95, p. 176, 623.
LATEST EARNINGS.— From July 1 to Aug. 31. 2 months:
2 Months — Gross.
Net.
Other Inc
Charges.
B a l., Sur.
$170,019 51,010,237
$196,817
1912.............. 54,272,598 51,037,035
170,052
990,359 327,154
1911.............. 4,165,702 1,147,462
ANNUAL REPORT.— Report for 1911-12 In V . 95. p. 613, 623.
1911-12.
1910-11.
1909-10.
Average miles operated____________
2,551
2,553
2,541
Total operating revenue....................... $23,280,403 $23,391,771 $23,563,437
Net revenue________________
6,273,260
7,406,434 7,779,467
T a x es.....................................................
877,000
859,621
823,515
Operating Income________________ §5,396,260
$6,546,813 $6,955,952
Other in co m e -............... - ................
1.745.454
1.849,406
1.537.870
Total net Income................................. $7,141,714
58,396.219 58,493,822
Interest on bonds___________
5,028,627
$4,922,136 $4,606,867
Rental of road, yards, terminals, &c_
298,862
285,411
273,476
Hire1 of equ ipm en t-.................
687,306
705,628
605,312
Dlv. on pref. sto ck .................................................(2 *4) 1.244,495 (5)2,488,990
Renewal fund...........................
120.000
120.000
120,000
Appropriations for betterments, &C-. ---------------------------Total..................................................... $6,134,795 57,277,670 58,094,645
Surplus...................................- ..............$1,006,919 $1,118,549
$399,177
OFFICERS.— Chairman of Board. E. T. Jeffery: Pres., B. F. Bush!
VIce-Ps., Charles II. Schlacks, E. L. Brown; Treas., J. W. Gllluly; Sec. and
Comptroller, Stephen Little. Office, 165 Broadway, New York.
Directors— George J. Gould, E. T. Jeffery, Edwin Gould, Klngdon
Gould, Edgar L. Marston, Arthur Coppell, Edward D. Adams, New York;
Benj. F. Bush, St. Louis, Mo.; Charles S. Schlacks, San Fran.; Edward L.
Brown, Joel F. Valle. Denver, Col.— (V. 95. p. 176, 613, 623.)
DES MOINES & FORT DODGE RR.— {See M ap Minneapolis & StLouis.) — Owns Des Moines to Ruthven, la., 137.01 m.; at Ft. Dodge, la.
0.61 m.; trackage, Tara to Ft. Dodge, 6.07 m.; and Spencer to Ruthven’
12.45 m.; total, 156.14 m. In 1904 MInneap. & St. Louis acquired $2,530,"
000 of the outstanding $4,283,100 com. stock, and guarantees the $3,072,000
1st mtge. 4% gold bonds Issued to retire all the outstanding bonds, which
matured Jan. 1 1905; the Minn. & St. Louis leases the road for 30 years from
Jan. 1 1905; all Income over charges, Improvements, &c., to be paid to
lessor. V. 79, p. 268, 1704, 2085. Guaranty, V. 79, p. 2696. Pref. stock
(non-cum.) shares equally with common after 7% on each.
DIVIDENDS.— 1 ’93. ’94. '95. ’96 to ’98. ’99 to ’03. ’04 to ’09 ’ 10’-12
On preferred_____% l 2
4 4
6 yearly
7 yearly 5 yearly None
Report for year ending Dec. 31 1911, In V. 95, p. 109, showed gross
earnings, $744,710; net, $194,137; taxes & lnt., $179,595: surplus, $14,542.
Year 1910. gross, $769,842: net, $262,454: taxes & lnt., $176,580; bal., sur.,
$85,874. Pres., Edwin Hawley; V.-P., W. G. Blerd: Treas., F. II. Davis;
coec., W . S. Crandell.— (V. 91. p. 34, 38; V. 92. p. 1632; V. 95, p. 109.)
DES MOINES UNION RY.— Terminal road in Des Moines; owns 5 miles
main track and branches, 14 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. See statement to N. Y.
Stock Exchange In V. 65, p. 1173. Leased to Wabash R R ., Chicago Great
Western, Chic. MIlw. & St. P. Ry., Chic. Burl. & Quincy R R ., St. Paul &
Des Moines R R . and Minneapolis & St. Louis R R . V. 75, p. 342. Rental
equal to expenses and fixed charges paid monthly by lessees on wheelage
basts. Stock auth., $2,000,000: out., $400,000; par, $100. Year 1911-12,
gross, $367,252; net. Inc., $135,445. Year 1910-11, gross, $382,010; net,
5132,411; other Inc., $42,068; lnt. and taxes, $83,036; bal., sur., $91,443.
(V. 86, p. 337.)
DETROIT GRAND HAVEN & MILWAUKEE RY .— (See M a p Grand
Trunk R y .)— Owns from Detroit to Grand Haven, Mich., 189 miles. Real
estate bonds, &c., $226,000. On June 30 1910 sundry outstanding ac
counts, $2,964,062. Grand Trunk of Canada owns entire 51,500,000 stock.
EARNINGS.— 12 mos., J1911________ Gross, $2,273,729; def, $307,117
July 1 to June 30.
11912------------ Gross, 2,046,680; net, 278,046
Year ending June 30 1911, gross, 52,046,680; net, $278,046; other income
$9,606; charges. $461,992; bal., def., $174,339.— (V. 92, p. 1374.)
DETROIT HILLSDALE & SOUTHWESTERN RR.— Owns Ypsllanti,
Mich., to Bankers, Mich., 65 m. Leased In perpetuity July 1 1881 to the
Lake Shore & Mich. Southern Ry.; rental, $54,000 per year—4% on stock
DETROIT & MACKINAC RY.— Owns from Bay City, Mich., to Cheboy
gan, 196 m.; Rose City Branch, 31 m.; Prescott Branch, 12 m.: Lincoln
Branch, 14 m.;<Au Gres Branch, 8 m.; Alabaster Branch, 4 m.; Hillman
Amount
Outstanding
[VOL. L X X X XV
& o Apr 1 1925
& J Jan 1 1937
& A Aug 1 1990
Dec 311912
& S Mch 1 1914
& o Apr l 1915
& n June 1 1939
& j Jan 1 1916
& A Aug 1 1960
& J July 1 1935
Places Where Interest and
Dividends are Payable
II K McHarg. New York
do
do
J P Morgan & Co, N Y
do
do
Mch 1911 coup not paid
Deo '09 coupon cashed
Aug ’07 coupon last paid
Dec ’07 coupon last paid
Harvey Fisk & Co. N Y
do
do
Dec '07 coup last paid
Bankers Tr Co, N Y
143 Liberty St New York
Office 115 B’way, N Y
do
do
1 therefor
Office Empire Bldg, N Y
do
do
Central Trust Co, N Y
Company’s office, N Y
44 Wall St, New York
do
do
New York or London
Montreal. Quebeo
Detroit, Mich
Philadelphia, Pa
London or Toronto
Chase NatBk.NY; & Chic
New York
Merchants’ Trust Co,Balt
division, Alpena to Hillman, Mich., 22 m. (opened Dec. 1909); Rogers City
Branch, 10.90 m. (opened June 19 1911); logging branches (largely tem
porary), 59 m.; total, 358 miles. In 1910-11 forest products furnished
55.53% of traffic. Henry K . McHarg and associates acquired control.
BONDS.— “ Mortgage bonds” for $500,000 were reserved for betterments,
&o., at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, $450,000 "first lien” and $450,000
“ mortgage” bonds were on June 30 1911 held In the treasury.
D IV ID E N D S— On pref., 2*4% July 1 1903; since to July 1912, 5% y ’ly.
On common in 1911 and 1912, 5% (J. & J.). V. 91, p. 1511.
LATEST EARNINGS.— 11911-12____Gross, $1,243,015; net, $247,988
12 mos., July 1 to June 30.\1910-11___ Gross, 1,177,099; net, 253,109
EARNINGS.— Report for year ending June 30 1911 was In V. 93, p. 1187,
showing: Gross, $1,177,099; net Income, after taxes, $285,960; lnt. on
bonds, &c., $90,256; pref. dlv. (5% ), $47,500; com. dlv. (5% ), $100,000;
bal., $42,214. 1909-10, gross, $1,231,244; net, $290,586.— (V .93, p .1187.)
DETROIT TOLEDO & IRONTON RY.— Operates road from Detroit.
Mich., to Ironton, via Lima, 389 m.. Including 45 m. of trackage; branches
Kingman to Scdalla, O., 31 m.; Jackson to Cornelia, 19 m., and Llsman
Jet. to Dean, O., 3 m.; total, 441 m.; coal mine tracks, sidings, &o., 147 m.
ORGANIZATION.— Successor, per plan V. 80, p. 650, of Det. South.
RECEIVERSHIP.— In Feb. ’08 receivers were appointed, the lnt. on
the consol. 4*4s due Feb. 1 1908 being In default. Geo. P. Johnson Is now
receiver. V. 94, p. 1317, 1383. Foreclosure sale under the general
lien and divisional and consolidated mortgages adjourned to Jan. 8 1913.
V. 93, p. 469, 871; V. 91, p. 1611; V. 92, p. 1242, 1435; V. 94, p. 826; V. 95,
p. 1039. Foreclosure under Ohio Sou. division mtge. begun June 1912.
V. 94, p. 697, 1317, 1626, 1763.
The lnt. on the $1,656,000 4 *4%equtp.trust notes of 1905 being In default,
the equipment was surrendered; but the oollgation remains. V. 89, p. 1410.
The Sept. '09 and Mch. ’ 10 coupons on Ohio Sou. dlv. bonds were paid
Mch. 1 '10. The Sept. ’ 10 coupons were also paid, the Mch. and Sept.
1911 coupons were purchased by the consolidated mortgage bondholders’
committee: the Mch. 1 1912 coupons were defaulted.
On June 30 1912 there were $1,725,7S0 6% certificates outstanding of
various Issues and priorities, viz., $245,000 under order of February 1908,
$500,000 under order of December 18 1909, $150,000 under order of March
20 1911, $500,000 scries " A ,” order June 30 1911, payable In one
year: $280,780 ser. “ B” , order June 20 1911, payable In one year, and
$50,000 ser. “ A ,” additional, order May 10 1912, payable In one year or
sooner. See full particulars, V. 95, p. 815.
On July 9 1912 $450,000 certificates were authorized. V. 95, p. 110.
COMMITTEES.— Ohio So. Div. 4s.— James N. Wallace, Chairman; F. E.
Mowle, Sec., 25 Nassau St., N. Y .; Central Trust Co., N. Y ., depositary.
V. 89, p. 1279, 1541; V. 90, p. 559; V. 93, p. 589, 796; V. 94, p. 697.
Committee for Gen. Lien & Div. 4s.— Otto T. Bannard, Chairman; Wm. R .
Britton, Seo., 30 Broad St., N. Y.; N. Y. Trust Co., depositary. In Jan.
1910 over 85% had been deposited. V. 89, p. 1482, 1596, 1667: V. 90, p.
167: V. 92, p. 794. The Dec. 1909 coupons were cashed In behalf of the
consol, mtge. Interests, but the 1910 and later coupons remain unpaid.
Committee for Consolidated 4 Ms.— Francis Henderson, Chairman; Howard
C. Dickinson, Sec.; Empire Tr. Co., N. Y., depositary. V. 92, p. 594, 1242.
Collateral Trust Noteholders' Committees.— Joseph Ramsey Jr., Chairman,
Walter L. Worral. Secretary; New York Trust Co., depositary. In Nov.
1910 about $5,300,000 of the $5,500,000 outstanding notes were, It was
understood, owned or controlled by the committee, which at public sale
on Nov. 25 1910 bid In the collateral, viz.: $3,001,000 pref. stock and
$2,190,000 com. stock of Ann Arbor RR. and $5,000,000 Det. Tol. & Iront.
consols. These consols were held valid by the lower Court In Sept. 1910.
V. 91, p. 870. See circular In V. 87. p. 1300. V. 86. p. 337, 420, 480.
346. 602, 1589: V. 87, p. 166, 285, 544, 1300; V. 90. p. 447, 626, 1446.
Under plan V. 92, p. 260, holders of depositing notes on payment of
$354,233 per $1,000 notes received $802.10 Ann Arbor preferred and
$585.40 common stk. and a certificate of deposit representing tnc proporate interest In 3,741-5441 of $5,000,000 D. T. & I. consols, viz., $919.89.
The committee has given an option t o l l. B. Hollins & Co. until Deo. 22 1912
to purchase the D. T. & I. consols or equivalent securities Issued In re
organization at $1,020,245, with Interest at 5% from Nov. 25 1910.
Pref. Stockholders' Committee.— Alexander J. Hemphill, Chairman; Edgar
C. Hebbard, Sec. (Guaranty Tr. Co., N. Y .. depos.). V. 86, p. 1409. 1529.
EARNINGS.— 2 mos., 11912-............ Gross, $279,751; net, $68,388
July 1 to Aug. 31.
11911________Gross,
290,250; net, 54,298
REPORT.— For year ending Juno 30 1912 In V. 95. p. 815.
Entire System (including Ann Arbor, Now Operated Independently).
Year—
Gross. N etlaft.Tax.) Oth.Inc.
Deductions.
Balance.
1909-10.......... $3,463,192 $441,094 $113,281 $1,384,380 def.$830,004
1908-09............ 3,233,607
557,406 139,964
1.354,536 def. 657,166
Detroit Toledo & Ironton Proper.
1911-12............ $1,762,327 sr.$120,213 523,589 $1,209,671
$1,065,869
1910- 11____ 1.785.465 def.48,875 19,488
1,170,599 def. 1,199.986
Interest charge Includes yearly $275,000 Interest on collateral trust notes
Issued for Ann Arbor stock. See V. 83, p. 1034.
Pres., Eugene Zimmerman: Sec. and Treas., G. Caspar Niles: Office,
Detroit.— (V. 94, p. 1383, 1626, 1763; V. 95, p. 110, 815, 890, 1039.)
DETROIT & TOLEDO SHORE LINE RR.— Extends from Toledo to
(suburbs of) Detroit 47.6 m.; 2d track, 20 m.; sidings, 3 m.; trackage over
Toledo Ry. & Term. Co., &c., 31 m.; total track, 101.6 m. V 78. p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis & Western RR.
own the entire $1,428,000 stock and Jointly guarantee the bonds, principal
and Interest, by endorsement. See form of guaranty, V. 76, p. 653. First
dividend, 4% , paid from earnings prior to June 30 1908; in fiscal year
1908-09 6% and In 1909-10 and 1910-11 8 % . V. 87, p .1237
EARNINGS.— 12 mos J1911-12...........Gross, $1,176,396; net, $634,119
July 1 to June 30.
\1910-11-......... Gross,
954,910; net, 473,157
Year 1910-11, gross, $954,941; net Income, $430,636; lnt., rentals, &o.,
$245,664; dlvs. (8% ), $114,240; bal., sur., $70,732. In 1909-10, gross,
$913,624; net, $407,327. Pres., T. P. Shonts.— (V. 87. p. 1237.)
Oct., 1912.]
R A IL W A Y STO C K S A N D BONDS,
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
M iles
Bonds
D u r ha m Union Station — First M $75,000 g ___(i . c * & r
D u tch ess C ou n ty R R — See Central New England R y
Eas t Broad To p RR & Coal— 1st M ext 1908_________
Date
Road
Par
Value
1905
$ l,0 0 0 A c
$354,000
5 g
M
1906
1,000
100 Ac
1.000
50
50
1,000
500,000
464,400
295,000
497,750
2,126,900
495,000
4
4
4 g
5
6
4 g
,T & ,T Jan 1 1958
406 Lafayette Bldg, Phil
J
A J July 1 1958
do
do
J fie J 1936
Safe Dep fit T r Co, Balt
J & D 15 J u n e l5 1912 2 M Reading Term , Phlla, Pa
,T fie J J u lyl8 1912 3 %
do
do
M fie S Mch 11958
do
do
500,000
5g
2d M Incomes-----------------------------------------------------------
E as t Carolina R y— First mortgage $300,000 g o ld _____
Ea st M ah an oy R R — Stock
---------------------------E as t Penns yl van ia— Stock 6 % guar 999 yrs Phlla A R
First mtge gold guar p & 1 by P & R R R (end) . . c *
East Tennessee Virginia & Georgia — See Southern R y
East Tenn & VV No Car— 1st M g (V 8 1 p 1723).G uP .c*
Eastern R y of Mi nne sot a — See Great Northern
El Pas o & Northeast— N M R y & C col tr g re d 1 0 5 . - N
N M R y & Coal M gold . . ----------------- ---------------- Ea
Alain A Sac Mt first mtge $900,000 gold guar____SI
El Paso A R ock Isl 1st M $2,500,000gold guar.Ea.c*
Dawson R y A Coal coll trust gold guar p A l._ E a .c*
El Paso Union Pass De po t — 1st M g $240,000 s f . . E n
Elgin Joliet & Easter n — 1st M ($10,000,000) g.C ex .c*
E li z a b 't h t ’ n Ter Co— 1st M $150,000 redlOS begApr'15
Elkin & Allcgli — 1st M $12,000 per m g red 107 M B a . ' c
Incom e bonds $10,000 per mile
.
. . _____
Elmira & Lake O n t — Sodus Bay & So— 1st M g - . U n . c
Elmira & Wi ll ia m sp or t — Stock com 5% rental____ N.c
Preferred stock 7% rental 999 years Northern Cent
First mortgage extended 1910___________ _______
Incom e bonds 999 years to run__________________ c*
Eric & P itt sb ur gh — Stock 7% rental 999 yrs Penn C o.
Special guaranteed betterment stock $2,500,000___
General mtge (now 1st) $4,500,000 gold guar— Un
Erie Railroad — Common stock $153,000,000 a u t h . . . .
Seoond pref stock 4 % non-cum redeemable at p a r ..
First pref stock 4% "non-cum redeemable at par___
A— Old Bo nd s Assumed— Roads Consolidated
N Y A Erie 1st M Plerm to Dun ext 1897 gold ._o*
Second mortgage (extended In 1879) gold -------- c*
Third mortgage (extended In 1883) g o l d .......... c*
Fourth mortgage (extended In 1880) gold _____ c*
Fifth mortgage (extended In 18S8) gold ______ c*
Erie R y 1st M Buff Br Horncllsv to A ttica g o ld ..c *
First consol mtge $30,000,000 gold $ or £ _ .F .c *
N Y L E 4 West first consol mortgage gold ______ c*
38
Amount
Outstanding
36
36
1888
34
1905
1,000
165
1897
1901
1898
1901
1901
1905
1891
1910
1911
1911
1884
1,000
1,000
1,000
1,000
1,000
1.000
1,000
31
128
133
181
8
34
73 M
73 M
73 M
83
83
83
447
447
447
475
475
60
526
526
49
1860
1863
1890
1847
1849
1853
1857
1858
1861
1870
1878
1,030
1,000
50
50
1,000
500
50
50
1,000
100
100
100
1,000
1,000
1,000
1,000
500 Ac
200 Ac
1,000
500 Ac
DOMINION ATLANTIC RY. — See Canadian Pacino R y .— (V . 93, p.1401)
DUBUQUE & SIOUX CITY RR. — (See Map o f Illinois Central.)— Owns
Rate
%
3,000,000
5 g
2,000,000
5 g
372,000
5 g
2,500,000
6 g
3,000,000
5 g
240,000
5 g
10,000.000
5 g
See text
6 g
See text
6 g
See text
500,000
5 g
500,000
5
500.000
7
963,000
4
570,000
5
2,000,000
7
7
1,529,800
4,125,000
3M g
112.378.900
16,000,000 See text
47,892,400 See text
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,400
16,891,000
3,699,500
When
Payable
M
fit
&
Last Dividend
and Maturity
N May 1 1955
Places Where Interest and
Dividends are Payable
Guaranty Trust Co, N Y
N N ov 11935
Guar Tr fit S D Co, Phlla
A
A
A
,T
,T
,T
M
fie O Oct 1 1947
E quitable Trust Co, N Y
fie o Oct 1 1951
& o Apr 1 1928
& J Jan 1 1951
J July 1 1951
& J Jan 1 1916-1935
& N May 1 1941
71 B roadw ay, New York
A
& o Apr 11940
J
& J July 1 1941
F J Llsman fit Co, N Y
Oct 1 1941
,T fie, J July 1 1924
M fit N
J
fie J July 1 1912
J
As ,T Jan 1 1950
A & O Oct 1 2862
y — M Sept 10 ’ 12 1 M
y— M S spt 10 ’ 12 l h
j
fie J July 1 1940
do
do
Semi ann April 1907
Semi ann April 1907
M
4 g
&1
5 g
4M g M
A
5 g
J
4 g
,r
4 g
M
7 g
M
7 g
&
&
&
&
&
&
fit
fit
N May 1 1947
S Sept 1 1919
S Mch 11923
0 Oct 11920
D June 1 1928
J July 1 1931
S Sept 1 1920
S Sept 11920
2%
2%
do
do
do
do
E A R N IN G S .— Of Dul. R ainy Lake fie W in. for year ending June 30 1912.
gross, $831,688; net, $330,974: taxes, $33,478. In 1910-11, gross,$617,286net, $171,578.— (V . 90, p. 1490; V . 91, p . 1574.)
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.— Dunkirk.
N. Y ., to Titusville, P a ., 90.51 miles. Leased to New York Central fie
Hudson River R II. for 501 years from Jan. 3 1873, rental providing Interest
on bonds and 1 M % yearly dividend on $1,300,006 stock, of which $1,179,
275 owned by lessee Dec. 31 1911. Operated b y the Lake Shore & Mich.
Southern as agent for the lessee since O ct. 1 1901. Bonds, $5,000,000
(present Issue, $2,900,000), are guar., prln. fie lnt., b y N . Y . C . & H .
R R ., being all held In treasury of latter June 30 1912. V . 90, p. 1490, 848
V . 91. p. 336, 1327.— (V. 90. p. 1490; V . 91, p. 336, 1327.)
DURHAM & SOUTH CAROLINA RR.— Durham, N. C .. south 30 miles
to Bonsai on the Seaboard Air Line.
Stock, $300,000; par, $100.
Bonds, see table. Year 1910-11, gross, $60,991; net, after taxes, $22,779;
charges, $19,603; surplus, $3,176. P res., Ernest W illiams, Lynchburg,
V a.— (V . 90. p. 1424.)
DURHAM & SOUTHERN R R .— East Durham to Dunn, N . C ., 57 miles;
Durham to East Durham, 2 miles; total, 59 miles. Stock authorized
$2,000,000; outstanding, $1,350,000, of which $750,000 Issued Jan. 1 1912
to retire bonds; par, $100. For year ending June 30 1912, gross, $344,010*
net, $184,696; lnt., taxes. & c., $47,196; dlvs. (2 4 % ), $166,500; surplus from
1911, $123,301; total surplus, June 30 1912, $94,301. Dividends, $144,000
(2 4 % ), were paid In 1910-11 from aceum . surplus and In 1911-12, $166,500
(2 4 % ). Pres., B . N . Duke, N . Y .; S ec., A . B . Cauthcr.
O ffice, Durham.
DURHAM UNIO;N STATION CO. — Owns passenger station at Durham,
N C., opened May 1 1905 and used by the Southern R y ., Seaboard Air Line
R y ., Norfolk & Western R y . and Durham & Southern, which each own onefourth of $33,300 stock. Lease provides for rental b y several lines sufficient
to pay Int. and other charges
Pres., H W . Miller; S ec., C. N. Freeman.
EAST BROAD TOP RR. & COAL CO. (Pa.) — Owns from Mount Union,
P a., to W oodvale, P a., 31.13 miles; operates Shade Gap R R ., 10 m ., and
R ock y R R ., 4.93 m .; total. 46.06 miles. See V . 75, p . 77. A coal road
opened In 1874. Stock, $815,150 (par $50), of which $246,750 Is 6 % noncum . pref. First m tge. 4s ($500,000) extended In 1908 to Jan. 1 1958.
Second m tge. 4 % income bonds, $464,400. due Jan. 1958, given In 1908
for back Interest from 1885. Year 1911-12, gross, $307,049; net, $174,826;
other Inc., $752; lnt., taxes, A c., $30,396; bal., s u r .,$145,182. Pres , It S
Slebert, Orblsonia, Pa. Office, 406 L afayette B ldg., Phlla.— (V . 77,p. 145.)
D ubuque, Iowa, to Iowa Palls, 143 miles; Iow a Falls to Sioux City, 184 m .;
Manchester to Cedar Rapids, 42 m .; Onawa, Iow a, to Sioux Falls, Dakota,
155 in.; Cedar Falls to Minnesota State Line, 7G m .; Tara Station, near Ft.
Dodge, la ., to Council Bluffs, 130 m .; total owned, 730 miles
O R G A N IZ A T IO N .— Controlled since April 1887 b y the Illinois Central
R R ., which owns nearly all the $11,759,500 stock and has Issued Its own
bonds on the road; tho only D. & S. C. bonds held by the public arc the Iowa
Falls & Sioux City 7s, $2,800,000. Lease, V . 79. p. 1274.
D IV ID E N D S .— 11900. 1901. 1902. 190G. 1907. 1908. 1909. 1911.
Since 1899-------- % )
3
ljj
1
1J*
4
1 M A ug, 3 M Sep, 2
— (V . 89, p. 470.)
DULUTH & IRON RANCH- RR.— Owns Duluth to E ly, Minn., 117.22 m .;
Tower .Jet. to Tower, 1.40 m .; Allen Jet. to Virginia, 25.31 m .; M cKinley
to Eveleth, 9.02 m .; W aldo to Drum mond, 15.02 m .; Mesaba to Dunka
R iver, 18.29 m .; other branches, 14.22 m .; branches and spurs, 72.17 m .;
trackage to Union Depot, Duluth, 0.80 m .; total, 273.45 miles. Owns ore
docks and yards on Lake Superior costing over $1,500,000.
STO C K , &c.— Stock, auth., $10,000,000; ou t., $3,000,000. Federal
Steel Co. (see U. S. Steel Corp.) owns the stock and $3,500,000 of the $4,
500,000 2d mtge. bonds. (V . 60, p. 1237.) First mtge. bonds auth., $25,
000 per mile lor construction and $7,000 for equipment. Dividends since
1904: 1905. 6 5 % ; 1906, 4 0 % ; 1907. 8 0 % ; 1908, 8 0 % ; 1909, 145% ; In
fiscal year 1909-10, 100% : 1910-11, 135% .
E A R N IN G S .— 2 m os., /1 9 1 2 ............. Gross, $2,129,394: net, $1,417,602
July 1 to A ug. 31.
11911________Gross, 1,967,268; net, 1,322,460
Year ending June 30 1912, gross, $6,684,437- net, $3,041,536. In 1910
11, gross, $7,632,400; net, $4,222,857; other Incom e,-$56,416; Interest and
rentals, $640,013; depreciation and taxes, $539,110; bal., surp., $3,100,150.
— (V . 79, p . 2085; V . 93, p. 1190.)
DULUTH A1ISSABE & NORTHERN RY. — Owns from Duluth to M oun
tain Iron, Minn., 77.96 m .; branch from A lborn northwesterly to Buckeye
Mine, 53 m .; other branches and sours. 210.04 miles; trackage to Union
Depot, Duluth, 1.9 m .; total, 342.90 m .; second tracks and sidings, 295.20
m. Owns extensive ore docks at Duluth. Entire $4,112,500 stock owned by
Lake Superior Cons. Iron Mines, and so by U .S. Steel Corp. V . 72, p. 1038.
B O N D S.— Of the gen. 5s o f 1906, bonds arc reserved to retire the under
lying bonds; additional bonds m ay be Issued at not over $30,000 per mile for
EAST CAROLINA RY.— See page 141.
additional single main track and $20,000 for second, third and fourth main
EAST MAHANOY RR. — Owns from East Mahanoy Junction to S t.
tracks and for not over 75% of the cost of equipment and Improvements.
Sinking fund of 2 % yearly of outstanding bonds (Incl. bonds In s. f.) retires Nicholas and branches, 10.88 m .; 2d track, 4.64 m .; total track, 21.32 m.
Re-leased Dec. 1 1896 for 999 years to Little Schuylkill N av. R R . A Coal Co.
bonds by lot at 105. V . 88. p. 822.
at 5 % on stock ,a n d lease assigned to Phlla. fit Reading R y . Of the stock,
D IV ID E N D S paid fiscal years ending June 30: 1904, 150% ; 1900, 110%
$280,000 was deposited by Reading Co. under Its general m ortgage.
1908. 110% ; 1909. 145% ; 1910, 2 40 % ; 1911, 125% .
EAST PENNSYLVANIA RR.— Owns Reading, P a., to Allentown, P a..
E A R N IN G S .— 2 m os., /1 9 1 2 ------ Gross, $2,187,512; net, $1,436,872
35.38 miles, double tracked: all track, 95.34 m. Leased for 999 years
1,472,703
July 1 to A ug. 31.
\1911-------Gross, 2,167,219; net,
For year ending June 30 1912, gross, $7,443,707; net, $4,033,328. In from May 1 1869 to the Phlla. & Reading R R . at a rental of 6 % per annum
the stock and Interest on the bonds. Lease assumed In 1896 by the
1910- 11, gross, $10,123,518; net, $6,017,493; other Income, $143,237; Int.,
taxes, & c., $1,563,480; bal., sur., $4,597,250. In 1909-10, gross, $13, Phlla. & Read. Rail wag Co. Of the stock, $ 1 ,2 '5 ,3 0 0 was owned b y Read966,426; net, $9.781,615.— (V . 94. p. 278, 1383.)
Tnff»?°|3 P , 51. 092, 850 being deposited under gen. m tge. of 1897.
DULUTH SOUTH SHORE & ATLANTIC RY.— Operates Duluth to in Men. 1911 $1/8,600 additional stock was Issued to reimburse the Reading
Sault Ste. Marie, 415 miles; " S o o ” Junction to St. Ignacc, 43 miles; other, C o. for Improvements. V. 94, p 982.— (V. 94, p . 982.)
139 miles: total. 623 miles, Including 26 miles of trackage.
^ .E^ .S T T w NNETSf E & WESTERN NORTH CAROLINA RR.— A narrowroad from Johnson City. T enn.. to Cranberry, N. C.. 34 m .; also John
C A P IT A L S TO C K .— Comm on, $12,000,000; pref. 6 % non-cum ., $10, gauge
son City to H am pton, Tenn., 15 m ., third rail. Controlled by Cranberry
000,000: par, both $100. Can. Pac. July 1 1912 owned $6,100,000 com . and Iron & Coal Co. Stock, $501,900. Dividends, 4 % paid In 1908-09' In
$5,100,000 pref. stock, $3,000,000 Incomes and $15,107,000 consols.
1909-10, 8 % ; 1910-11, 9 % and 10% extra. F or y e a re n d . June 30 1912
B ON DS, &o.— A bstract first mortgage, V . 45, p. 274.
gross. $229,923; net after taxes, $109,360. In 1910-11, gross, $230 731The first consolidated mortgage of 1890 has Interest at 4 % , guaranteed net, after taxes, $101,220; other Income, $6,711: int., Ac $27 689- bal
b y G a n .P a c ., which July 1 1912 held the entire outstanding Issue ($15,107.- sur., $80,242. Pres., F . P . Howe. Phlla., Pa.— (V . 82. p . 333, 1379.)
"
ts treftsury as security for Its 4 % debenture stock; consols for $4,
E A S T E R N K E N T U C K Y R Y . — R iverton to W ebbvllle, ICy„ 36 mlle3
893.0
reserved for prior bonds, and additional amounts may be Issued Stock,
com
m
on,
$1,697,800;
pref.,
$1,779,500:
par,
$100.
No
bonds.
at $20,000 per mile of new lines. Car trust 4 Ms of 1906, V. 82, p. 452. Due
Bills payable, $34,456; car trusts, $1,569. Year 1911-12, gross, $54,894;
Canadian I aclflo R y. June 30 1912 for guaranteed Interest advances,
op . d ef., $7,091; other Income, $587; deductions, $4,255; bal., d ef., $10,759
$6,825,07o; unguaranteed car trusts were $186,213.
In 1910-11, gross, $53,041; net, $636: other Inc., $1,036.— (V . 90, p . 1362.)
LATEST E A R N IN G S .— f 1912----------Gross, $634,023; net, $171,685
EL PASO & NORTHEASTERN CO. — Owns the El Paso A Northeastern
2 m os., July 1 to A ug. 31-11911-------- Gross,
584,938: net,
182 876
R y . from El Paso, Texas, northeast 165 miles, to the Salado coal fields;
Deficit after charges, $23,532, against surplus $3,243 In 1910-11.
controls and operates El Paso A R ock Island R y ., Carrlzosa to Santa Rosa,
R E P O R T .— R eport for year ending June 30 1911 In V . 93, p . 79
128 m .; A lam agordo A Sacramento Mtn. R y ., A lam agordo, N . M ., to
Of the tonnage In 1911-12, ores furnished 4 3 % . lumber, & c., 24%
Russia, 31 m .; Dawson R y ., Liberty, N . M ., to Dawson, 133 m .; total, 457
Year—
Gross.
O p e r.ln e . Other Inc. Charges.
Bal D el
miles. Name changed from New Mexico R y . & Coal Co. In 1905. Operated
1911- 12 ...............$3,152,475 $543,255 $38,764
$943,566 $361 547
as eastern division of El Paso & Southwestern C o., lessee, the western divi
1910-11 .................. 3,148.818 673,726
52.144
946,335 220 465
sion being the El Paso & S .W .R R ., El P aso,T ex.,to Benson,Arlz , with br’s
Pres., A . B. Eldrldge, Alarquette, M ich.— (V. 95, p. 361, 818 )
’
The El Paso A R ock Island R y . was Incorporated in 1902 with $2,500 000
DULUTH WINNIPEG & PACIFIC R Y — Owns entire $2,000,000 stock stock (of which 60% owned by the El Paso A Northeastern Co.) and $2 500 of Duluth Rainy Lake & W innipeg R y ., Virginia, Minn., north to the Cana 000 5 % guaranteed 50-year bonds. It has close traffic agreement with
dian Northern at International Falls, 98 miles, giving that road access to Chicago R ock Island A Pacific for 999 years. V . 71, p. 1219
The Dawson R y . A Coal C o., stock $3,000,000, has Issued’ $3,000,000
Duluth and Tw o Harbors at thehead o fth e Great Lakes, andls building from
Virginia to Duluth, 78 miles (almost com pleted O ct. 1912); also branches collateral trust bonds, which are guaranteed, principal and Interest, and are
and spurs for industrial and mining purposes and docks at Duluth, with val secured by the stock and bonds ($3,000,000 each) of the Dawson R y ., and
uable sites for terminals. V . 87, p. 1605, 1664; V . 88, p. 563, 623, 882. 1252 those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
V . 91, p. 1322. Capital stock auth., $6,000,000; par, $100,
’ 25.000 acres of coal, mineral and tim ber lands, being sold In 1905 to the
Stag Canon Fuel Co. V. 73, p. 900; V . 74, p. 776; V . S7. p. 1604, 1536.
S E C U R IT IE S .— The first mtge. 4% deb. stock of 1910 Is guar., p. fie 1.. by
S T O C K .— Stock, $12,000,000, all of one class. In May 1905 Phelps,
the Canadlun Northern R y . Of the $10,500,000 auth. issue, $4,866 666
Dodge A Co. Interests, It Is understood, acquired entire stock of system .
(£1,000,000) has been sold, $1,525,000 was lssued|to retire existing securities
$2,000,000 Is reserved to retire the Duluth Rainy Lake & W innipeg bonds
B ON DS.— The New M exico R y . A Coal Co. coll, trust 5s of 1897 are
at m aturity, Jan. 1 1916. the remaining bonds to be available for secured by the stock and bonds of El Paso A N . E . R y . of New M ex. ($2 further extensions, A c. On payment of the D. R . L. & W . bonds In 1916 700.000 of each), the stock of the El Paso A N . E . R R . of Texas, $300,000
Its property will be transferred to the com pany, so that the deb. stock will
(no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500,
becom e a first charge on 173 miles, the D. R . L. fie W . stock in the mean 000)
of the New Mexico Fuel C o., the latter covering 3,500 acres of coal
time being vested with the trustees, the Natlonul Trust Co. of '1'oronto and lands. Of the first and consolidated and coil, trust 5s of 1901. $3,000,000
the British Empire Trust Co. V . 90, p 1490; V 91, p. 154, 1322.
are reserved to retire the coll, trust 5s of 1897and $2,000,000 are applicable
The Virginia fit Rainy Lake C o., which formerly owned the D. R . L . fie for improvements, A c.
V . 74, p. 776. The other Issues are guaranteed.
W ., guarantees the Interest on the latter’s bonds. V . 81, p. 558, 613 1848
$569,962
E A R N IN G S — 2 m os.,
J1912............Gross, $1,310,589: net,
V . 82, p. 751; V . 84. p. 158; V. 85, p. 1518; V . 89, p. 1279.
. .
’
July 1 to A ug. 31.
\1011...........G ross, 1,067,536; net,
377,283
50
R A IL W A Y STO C K S A N D BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations. & c.. see notes on first page. ]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Erie Railroad (Concluded) —
Buffalo N Y & Erie 1st M (Buffalo to C orn in g )..c*
$ 1 ,0 0 0 $ 2 ,3 8 0 ,0 0 0
140 1876
1 , 5 0 0 ,0 0 0
Buff & S W 1st M gold ext 1908 red 105 gold__xc*
50 &c
67 1877
N ewburg & N Y 1st M gold extended In 1889____ c*
2 5 0 ,0 0 0
1 ,0 0 0
12 1868
Ch & Erie 1st M g (Marlon O to Ham ’d In d )..C e ,c *
1 ,0 0 0 1 2 ,0 0 0 ,0 0 0
250 1890
Chicago & A tlantic Terminal (lrst mtgo g o ld ..C e
3 0 0 ,0 0 0
1 ,0 0 0
1888
15— Erie Railroad Company Bonds
1 ,0 0 0
1 ,0 0 0 ,0 0 0
Second mtge on Buff & S W gold ext 1908___G.xc*
67 1895
1 ,0 0 0 3 5 .0 0 0 , 0 0 0
Prior lien bonds $35,000,000 g o ld _________ F.c*& r
1895
1 ,0 0 0 3 5 ,8 8 5 , 0 0 0
General Hen $140,000,000 gold ______________c*& r
1895
Penn coll trust M $36,000,000 g s f (te x t). Ba.c&r
1901 1 ,0 0 0 & c 3 4 , 0 0 0 , 0 0 0
1903 1 ,0 0 0 & c 1 0 ,0 0 0 ,0 0 0
First con v m tge $50,000,000 gold Series A .G . c '& r .
do
do
do
Series B _________
1905 1 ,0 0 0 & c 1 1 ,0 1 5 ,0 0 0
1911 1 ,0 0 0 & c 1 2 ,5 0 0 ,0 0 0
Coll tr g notes $12,500,000 red par____ B a.xc*& r
4 ,5 5 0 ,0 0 0
Ba
Three-year gold notes___________
1911
1912 1 ,0 0 0 & c 1 0 ,0 0 0 ,0 0 0
Three-year collat gold notes........................ ..B a .x c
1912
4 ,5 0 0
4 5 0 ,0 0 0
Notes gold due $90,000 yearly___________________
A von Geneseo & Mt Morris and Rochester & Genesee Valle y Stoc k s— S ee t h o se C o m p a
C— Bonds on Properties Controlled by Ownership of En tire (*) o r a MaJ o r lty (b) of
2 0 0 ,0 0 0
1 ,0 0 0
10 1881
Bergen Co 1st M Ruth Jet to Rldgew ext 1 9 1 1 ____
’68-’69
2 4 6 ,5 0 0
cGoshen & Deck’ t’ n 1st & 2d Ms ($60,000 arc 2 d ) . .
’ 66-’ 67 __
1 7 0 ,5 0 0
cMont & Erie 1st & 2d Ms ($40,500 are 2 d )---------'6 7 -’ 69 5 0 0 & c
Jefferson 1st & 2d Ms ext In ’87 & ’8 9 (H ’daleBr) ._ c
3 0 0 ,0 0 0
1889
1 ,0 0 0
2 ,8 0 0 ,0 0 0
1st M Carbon to S depot g ext In ’09 red 105.FP.C*
1885
L ong Dock Co cons M g (now 1st M) (sec t e x t ) ..c *
1 ,0 0 0
7 ,5 0 0 ,0 0 0
1896
cN Y & Greenw L prior lien M $1,500,000 gold — N
100 &c
1 ,4 7 1 ,6 0 0
1880
5 0 0 &c
4 0 0 ,0 0 0
ONew Jersey & New York 1st M ext in 1910------ c*
1892
50 0 &c
General m tge $l,2OO,OO0 (red 105 after 5 yrs) gold
6 2 9 .5 0 0
1882
1 ,0 0 0
N Y L E 4 W C R R 1st M “ lawful m o n e y " .. M p .c '
1 ,1 0 0 ,0 0 0
1883
N Y L E 4 W D & I Co 1st M (V 56, p 8 2 )------ F.c*
1 ,0 0 0
3 ,3 9 6 .0 0 0
422 1880
5 0 0 &c
N Y Pa & Ohio prior lien mtge gold $ or £ ------ F.c*
8 .0 0 0 ,0 0 0
Do Leased lines— see separate statements for Cl evelan d & M ah o n in g V alley R R
N Y Susquehanna & W estern— Northern New Jers ey— T loga R I t — See c a c h c o m p a n
Evansville & Indianapolis— Sec Chic & East Illinois
Evansville & Terre Haute— See Chicago & East Illinois
32 1911
5 0 0 ,0 0 0
Fernwood & Gulf RR—-First mortgage $500,000—
R E P O R T .— For year ending June 30 1912, of entire El Paso & South
western system (901 miles), gross, $7,613,456: net after taxes, $2,777,873.
In 1910-11, gross, $7,195,886: net after taxes, ($231,554), $2,633,317; other
Income, $984,969; charges, $1,789,670; d lvs. (5 % ), $1,065,900; b a l., sur.,
$762,716. N . Y . office, 99 John S t.— (V . 81, p. 508; V. 87, p 1605.)
E L P A S O U N I O N P A S S E N G E R D E P O T . — Owns depot at El Paso, T e x .,
which was com pleted about N ov. 1 1905. Leased by El Paso Northeastern,
El Paso Southwestern, Galveston Harrisburg & San A ntonio (So. Pao. S y s .),
A tch . T op . & Santa Fo, Texas & Pac. and M ex. Cent, railroads on a wheelage basis providing for maintenance and all charges. Stock authorized,
$240,000; outstanding, $88,800; owned equally b y six roads nam ed. Of
bonds (see table a bov e), $12,000 mature Jan. 1 yearly, beginning 1916.
V . 78, p. 104; V . 81, p . 1043. Pres., II. J . Simmons; Sec., W . R . Martin;
Treas., U .S . Stew art.— (V . 82, p. 1496.)
E L G I N J O L I E T & E A S T E R N R Y . — Owns from W aukegan, 111., on Lake
Michigan, via Spaulding and Joliet, to Porter, In d ., 129.94 miles, and
branches Norm antown to Aurora, 9.65 m .— W alker to South W ilm ington,
111.— 33.30 miles; Hammond to W hiting, Ind.. & c., 7.08 miles; Griffith to
Cavanaugh, Indiana, 7.05 miles; Rockdale Junction to R ockdale, 6.57
miles; Cavanaugh to Shearson, Indiana, 2.64 miles; total main line
owned, 196.23 miles; spurs to coal mines, & c., 33.56 miles: track
age, 270.86 miles; 2d track, 43.67 m .; side and yard tracks owned, 147.60 in.;
total, 691.92 miles. Also leases Chic. L. S. & E ast., 14.97 m ., with 466.11
m. branches and spurs (16.07 miles 2d track) for 60 years from June 1 1909,
and, with the (J. S. Steel Corp., guarantees Its $9,000,000 4 H % bonds, p& l.
V. 89, p. 1410. Owned by Federal Steel Co. and so b y U. S. Steel Corp.
S T O C K .— $10,000,000, as Increased from $6,000,000 In June 1909; par,
$100. Dividend. 4 % yearly (in D ec.) in 1899 to 1911.
E A R N IN G S .— 2 m o s .,/1 9 1 2 _______ Gross, $2,241,641; net, $1,104,867
July 1 to A ug. 31.
\1 0 1 1 _______ Gross, 1,561,510; net,
683,809
Y r. end. June 30. Gross.
N et.
Other In c. Charges.
Surplus
1 9 1 1 -1 2 _______ $10,720,751
$4,549,510
---------------------------------------1910-11
______ 8,053,689
2,766,056 $61,520 $2,341,334
$480,242
1909- 10 ............ 9,352,325
3,413,931
74,456
3,065,531 422,856
Pres., A . F . Banks.— V . 89. P. 1410.
E L I Z A B E T H T O W N T E R M I N A L R R . — Under construction O ct. 1911
from W estport, N. Y ., on Del. & Hudson, to Elizabethtown, 8 m . Stock,
$80,000; par $100. Pres., G. W . Jenkins, Elizabethtown.— (V .90,p.1362.)
E L K I N & A L L E G H A N Y R Y . — Under construction by the S tate o
North Carolina from Elkin, N. C., through Alleghany, Ashe and W atauga
counties, N. C., of which Elkin to Therm ont, 12 miles, com pleted A pr. 1
1912. Capital stock to be Issued to the State in paym ent for con vict labor
at $1 50 per day for convicts. Bonds, 1st M. 6s, $1,800,000 authorized,
limited to $12,000 per mile and income bonds: Interest payable when earned;
Issue limited to $1,500,000 at $10,000 per mile. F . J. Lisman & Co. have
purchased the 1st M. 6s. V. 94, p. 1448.)
E L M I R A & L A K E O N T A R I O R R .— Owns from Canandaigua, N . Y ., to
Chemung Jet., 64 m .; Sodus Point to Stanley, 34 m .; other, 2— total, 100 m.
Leased at cost of operating to the Northern Central, which owns all the
$1,500,000 stock. Lease m ay be terminated on 30 days’ notice.
Calendar Year—
Gross.
Net.
In t.,& c.
Balance.
1911 .............................$1,253,912
$23,996
$167,597
det.$143,601
1 9 1 0 - .........................
1,217,581
15,777
169,320
def. 153,543
E L M I R A & W I L L I A M S P O R T R R .— Owns from W illiamsport, P a., to
Elmira, N. Y ., 73.49 miles. Leased to the Northern Central R y . for 999
years from May 1 1863. The dlvs. on the com . stock are 5% and on the
pref. 7 % , less taxes, making dlv. on com . 4 .5 2 % , and on pref. 6.3 2 % . The
$963,000 1st 6s duo Jan. 1 1910 were extended to Jan. 1 1950 at 4 % . V . 89,
p. 1667. Calendar year 1911, gross, $1,979,430; net, $440,082; rental,
$155,083.— (V . 89, p. 1667.)
E N I D O C H I L T R E E & W E S T E R N R R . — Projected from Dalhart. T e x .,
to Ochiltree, 112 miles, of which Dalhart to Dumas, l e x . , 34 m ., Is graded,
13 v m. having track laid. Sold at receiver’s sale May 28 1912 to G. A .
Vawter and O. J . M cKnlght of Dalhart, T e x .— (V . 95, p. 968.)
E R I E & P I T T S B U R G H R R . — Owns New Castle, Pa., to Girard, Pa.;
79.56 miles; branch to Erie docks, 3.41 m .; trackage to Erie, 16.74 m .; total
operated, 99.71 miles. Leased to Penn. R R . for 999 years In 1870 at 7%
on stock and Interest on bonds and lease transferred to Penn. Co. Under
agreement of N ov. 1 1905 the Penn. R R . will provide sinking fund Install
ments required by the gen. m tge., the E . & P . to deliver Its 3 14% debentures
at par for such advances and at m aturity of the gen. mtge. bonds to ex
change new mtge. bonds therefor. Debentures Deo. 1 1911, $318,717.
S T O C K .— The special betterm ent stock ($2,500,000 auth.) Is subordinate
to the old stock, but guaranteed 7% dividends. Dividends on old stock are
subject to a 4-mllI tax on assessed value, on special betterment, tax-free.
E A R N IN G S .— The profit to the lessees In 1908 was $90,476; 1909, $217,
200; 1910, loss, $50,595; 1911, loss, $166,285.— (V. 84, p. 749.)
E R I E R A I L R O A D . — (See M ap on preceding page.)— Embraces trunk
line from Jersey City opposite N. Y . City, to Chicago, 111., 998 miles, and
branches, 1,446 miles; total, 2,444 miles; second track, 974 miles; third
and fourth tracks, 36 miles; total, all main tracks, 3,454 miles.
Leased Lines—
M iles.
Lines Owned in Fee—
M iles.
Plerm ont, N. Y ., to D u n k irk .. 447 A von Gen. & Mt. Morris---------- *13
Buffalo to Jamestown, N . Y ___
67 M ontgomery & E rie----------------- *10
Buffalo to Corning, N . Y ______
140 Northern R R . of New J e rs e y .. *26
.Other branches________________ 138 Goshen & D eckertow n-------------- *12
' Stock all (a) or nearly all (b) owned. Rochester & Genessee V a lle y .. *18
44
.aChlcago & Erie R R ___________ *250 Other lines_____________________
aJeffcrson R R _________________ *45
Leased to N ypano R R .—
_
N . Y . & Greenwood Lake R R . . *52 Clcve. & Mahoning Valley R R . *81
bNew Jersey & New York R R . *38 Sharon R ailw ay________________ *32
Erie & W yom ing Valley R R ___
59 Other lines_____________________
54
aN ypano R a ilro a d _____________ *422 Trackage_______________________ 278
bTloga R ailroad_______________
58
Other llnea_____________________ 159 Lines In system June 30 1 91 2 ..2,44 4
N . Y . Susquehanna & W estern. *236
• See tlila com pany.
Rate
%
[V O L . L X X X X V
When
Payable
.T
.r
•r
M
J
Last Dividend
and M aturity
D
j
.1
N
J
June
J u ly
Jan
M ay
J u ly
1
1
1
1
1
J
& J
5 g
.r
& .1
4 g
.r
4 g
& J
F & A
4 g
A & O
4 g
A & O
4 g
A & C 8
6 g
A & O
5 g
A & O
5 g
5
n le s.
C a p ita l S to o k , or
5
A & o
6
V a rio u s
V ario u s
5
& J
414 & 6 J
A & ()
5 g
A & ()
6 g
M & N
5 g
M & N
5
J
5
& J
6 cur M & N
& J
6
IJ
414 g M & S
a n d S h a r on R y
y
J u ly
Jan
Jan
Feb
A pr
A pr
A pr
O ct
A pr
June
1 1918
1 1996
1 1996
1 1951
1 1953
1 1953
81914
1 1914
1 1915
l ’1 3 - '1 7
7
5
5
5
5
6
g
g
g
g
M
&
&
&
&
&
&
1916
1918
1929
1982
1918
b y (c) L e ase
A pr 1 1921
1928-1929
1926-1927
J u ly 1 1 9 2 7 - 2 9
A pr 1 1 9 19
O ct 1 1 9 3 5
M ay 1 1 9 4 6
M ay 1 1 9 4 0
Jan 1 1933
M ay 1 1 9 2 2
J u ly 1 1 9 1 3
M ch 1 1 9 3 5
Places Where Interest and
Dividends are Payable
J P Morgan & Co, N Y
do
do
do
do
do
do
do
do
50 Church St. New York
New York and L ondon
50 Church St, New York
do
do
do
do
do
do
do
do
do
do
50 Church St, New Y ork
50 Church St, New Y ork
Fidelity Trust Co, Phtla
50 Church St, New York
Morgan & Co,
do
do
do
do
do
do
do
do
do
do
do
do
N M ay 1 1 9 3 6
H IS T O R Y .— On D ec. 1 1895 succeeded, per plan In V . 61, p. 368, the
N. Y . Lake Erie & Western R R . Co., sold In foreclosure under Its second con
solidated mtge. The com pany holds in fee or through ownership of all or
practically all the stock of the subsidiary com panies the line from New
York to Chicago (including the Nypano R R . and Chic. & Erie com panies).
COAL A N D ST EA M B O A T P R O P E R T Y .— The Erie coal properties rep
resent an aggregate of 12,400 acres of anthracite, of which about 9,000 acres
are held In fee; also 53.00O acres of bituminous coal lands held in fee, 14,000
acres of bituminous held under mineral rights. Its coal and coke tonnage In
the year 1911-12 aggregated 17,680,518 out of the 36,961,686 tons hauled.
The Union Steam boat Line (merged In Erie R R . Co. June 30 1896) has ter.
minal, & c., properties In Buffalo and 8 lake steamers. Sec V . 63, p. 514
The Penn, coal properties acquired In 1901 arc additional. V . 82, p. 1322)
S T O C K .— Prior and general lien bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized Issues aggregating $175,000 000, of
which $84,724,000 Issued t July 1912. Provisions of preferred stock were
In “ Supplem ent” of April 1897, page 3 . V . 66, p. 335, 573.
D IV ID E N D S (cash)
%\ ’01. ’02. ’03. ’04. ’05. ’06. 1907.
’08 to A p r .'12
On llrst preferred_______ [ 1 H 3 3 H 4
4
4
A p r., 2
0
On second preferred___ J ............................. 2
4
A p r., 2
0
BO N D S.— The new llrst consolidated mtge. Is for $175,000,000 (Farmers’
Loan & Trust C o., trustee)— see abstract of deed, V . 62, p. 89, and secures
$35,900,000 prior lien and $140,000,000 general Hen bonds. B oth series
have voting power; see “ S tock” above; also Issue of Feb. 1912.
Of the $140,000,000 general lien bonds, $92,668,000 were reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V . 62, p. 89), and $17,000,000 were
reserved for new construction, betterments, additions. & c.. after 1897—
not over $1,000,000 to be used In any one year. In July 1912 $35,885,000
general Hen bonds were In hands of public, $13,839,000 additional being
deposited under collateral trust nates— see below.
The collateral trust 4s of 1901 are secured by 51% of the entire N. Y
Susq. & W estern stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Erie & W yom ing Valley R R ., Scranton,
P a., to Lackawaxen, 65 miles, and Delaware Valley & Kingston R R . A
sink. fd. of 10c. per ton of coal mined purchases bonds at not exceeding 105;
otherwise to be applied to the drawing of bonds by lot; all such bonds to bo
kept alive and the accruing Int. thereon to be added to the sinking fund,
which. It Is estimated, will be sufficient to retire the whole Issue at or before
m aturity. V. 71. p. 1219, 1311; V. 72, p. 44. and circular, p. 136, 532, 257;
V . 79, p. 212; $4,525,000, Included as outstanding, are In sinking fund.
The con v. 4s of 1903 ($50,000,000 authorized Issue) will be Issued from
time to time as required and m ay be made convertible Into com . stock at a
price to be fixed when the bonds are Issued, but not less than $4154 per
share; they will cover all the com pany’s property subject to underlying liens.
The llrst $10,000,000 (series A) Issued for Improvements and equipment Is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
Series B bonds for $12,000,000 arc convertible Into com m on stock at
$60 per share at any time since O ct. 1 1907 and before O ct. 1 1917. V . 76,
p. 382, 541; V . 78, p. 768; V. 79, p. 2205; V. 84, p. 270.
The Erie & Jersey R R ., with $600,000 auth. stock, com pleted In Jan. 1909
a low-grade cut-off from Highland Mills via Campbell Hall to Guym ard,
N. Y .. about 40 miles. In Oct. 1911 $4,550,000 3-year 5 % notes-were sold,
secured by $4,000,000 E. & J. bonds (auth. Issue $10,000,000 1st 50-year 4s)
and $3,000,000 Genesee River 1st M. 4s to retire the $3,000,000 extended
Erie & Jersey notes due Dec. 1 1911 and maturing notes of Genesee River
R R . V . 93, p. 940, 1022.
, , . ^
nnn nnn
In June 1907 the Genesee River R R . was authorized to make $6,000,000
m tge.covering road from Hunts to Cuba, N. Y . , 3 2 .9 miles, com pleted O ct.
1910. See paragraph next above. V . 84, p. 1366, 1488; V. 81, p. 777.
The $12,500,000 6% coll, notes of 1911 are secured by $12,839,000 Erie
"general lien” bonds (additional to the am ount shown a hove as outstanding);
$985,000 Erie convertible bonds, ser. “ B ,” $336,000 Erie R R . Pennsylvania
collateral bonds, $217,900 Chic. & W est Ind. consol. 4s, $95,000 Mutual
Terminal Co. of Buffalo 4 % notes. $6,306,000 N. Y . Susq. & W est. pref.
stock, $163,100 Lehigh & Hudson R tv. R y . stock and $145,700 Tem ple Iron
Co. stock. V . 92, p. 594.
The $10,000,000 3-year 5 % collateral notes dated April 1 1912 arc se
cured by deposit of $10.090,000 convertible 4 % bonds, series C, due April 1
1953, $1,000,000 gen. lieu 1st consols, $3,009,000 Erie A Jersey R R . 1st
50-year 4s and $2,090.900 Genesee R iver 1st 5 0 -yr. 4s. The deposited se
curities can be released only on payment to th e trustee o f the withdrawal
values, viz.: 70% for the gen. M. and Geneseo R iver 1st M. bonds, 80% for
the 1st consols and 75% for the Erie & Jersey 1st M. 4s, the proceeds to be
used in the purchase and cancellation of the notes at not above par. V . 94,
p. 982. 630. 1056. 1118.
„
,
. .
In June 1912 $450,000 5 % serial notes were sold to purchase ore-unload
ing and handling plants. V . 94, p. 1695.
Car Trust Series, Gold (Denomination $1,000 each). See V. 88, p. 882.
Date. Interest.
Outstanding.
Mature in Installments.
1905 4
J&D
$600,000 Dec. ’ 12-Junc T 5 $100,000 s.-a.
“ H ” .........
" I ” ...............1905 4
J&D 2,800,000 D e c .'1 2 -J u n e ’ 16
350,000 s.-a.
“ J ” .............. 1906 4
M&N
396.000 May ’ 13-Nov. 16
47,000 s.-a.
“ K ” ...............1907 4 H A&O
290,000 Feb. ’ 13-Feb. 17
29.000 s.-a
“ L ” ...............1907 5
J&J
1,070.000
T o July 1917
107,000 s.-a.
“ M” ...............1907 5
J&J
290,000
T o July 1917
29,000 s.-a.
" N " ...............1907 5
A&O 1,620.000 A p r .’ 1 3 -O ot.’ 17
152,000 s.-a.
" O ” ...............1907 5
A&O
500,000
T o O ct. 1917
50,000 s.-a.
“ Q” ------------ 1911 414 F & A
4,140,000
T o A ug. 1921
230,000 s.-a.
" R ” ......... . .1912 4 14 F& A 2,160,000
T o Aug 1922
108,000 s.-a .
In Sept. 1912 $4,000,000 equipment trusts were authorized to provide
for probable requirements for the current fiscal year.
V. 95, p . 818.
Interest paid: " J ” and “ L ” In New York; Scries " H ” at Girard Trust
C o., Philadelphia; Scries “ I ” at Penn. Co. for Insurances on Lives, &o.,
Phlia.; Scries “ K " at National Bank of Commerce, New York; Series " M ”
at Girard Trust C o., Phlia.; Scries " N ” at First National Bank, New York;
Series " O ” at Central Trust C o., N. Y .; Series " Q ” at Fidelity T r. C o., Phlia.
Long Dock 6s, see March 1894 “ S upplem ent," under N. Y . L . B. A W .
RAILWAY STOCKS AND BONDS.
1912.1
© O X .,
52
R A IL W A Y STO C K S A N D BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, &c., see notes on first page]
M iles Date
Road Bonds
F itchburg— Preferred 5% rental______________________
Honda to State of Maas 4 % since Feb 1807_________ r
Bonds not m ortgage____________________________ c&r
Bonds not m ortgage____ ______
c*
Bonds not mortgage ($1,359,000 due 1915)_______c*
Bonds not mortgage ($2,750,000 are 4s of ’97) - -C&r
Bonds not mtge ($1,775,000 are 3 Ks of ’0 1 )___c&r
Bonds not mortgage $2,000,000 a u thorized._c*& r
Bonds not m ortgage $3,660,000 currency............ c&r
Bonds not mortgage $2,400,000________________ c&r
Bonds $1,350,000 authorized currency_______ c*& r
Bonds $450,000 authorized________________________
T ro y & Boston first mortgage (V 53, p 4 0 5 )____ c&r
35
Verm ont & Massachusetts plain bonds guar____ c&r
30
Fitzgerald Ocilla & B roxton— 1st M $300,000 g red 110
Flint & Pcrc Marquette— See Pere Marquette statem ’ t
59
Florida R y— First mortgage $ 4,000,000_____________
47
Florida Central— Mtge $200,000 gold (see t e x t )______
Third m ortgage____________________________________
47
Florida Central & Peninsular— See Seaboard A ir Line i"vy
629
Florida East Coast— 1st M $12,000,000 g ..B a .x c * & r *
General Income M 5 % non-cum $25,000,000______
Florida W est Shore— Sec Seaboard Air Line.
Fonda Johnstow n & Gloversville— Comm on s tock —
Pref stock 6% cum call at 105 $1,000,000 auth-----26
Consolidated m ortgage $500,000---------------------------- c
26
First consol refunding mtge $700,000 gold__N .c*
26
General refund mtge $1,500,000 (V 71, p 34)_N .c*
4
Johnstown G & K ingsboro 1st m tge assum ed---------14
Cayadutta Elec 1st M guar p & I b y F J & G gold . . N
75
First cons gen ref M $7,000,000 gold red 120 N.c*&r
103
Ft D Dcs A\ & So— lstM $3.500,000 g red 105(text)OB
103
Refunding mtge $6,500,000 gold red par------------AB
R eceivers’ certificates----------------------------------------------Fort Smith & YVcstern— 1st M $7,500,000 g old ------ c*
Fort Street Union Depot— 1st M gold — --------------- Ce
Mortgage (part 1st and part 2d M) gold --------------Cc
98
Fort W ayne & Jackson— Preferred stock 514% rental
Par
Value
Amount
Outstanding
[VOL. L X X X X V .
Rate
%
When
Payable
5
4
Last Dividend
and Maturity
Places Where Interest a nd
Dividends are Payable
$100 $18,860,000
5,000,000
1,000
500,000
1,000 &c
500,000
1,000
1,859,000
1,000
4,200,000
1,000 &c
2.275,000
1,000 &c
2.000,000
1,000 &c
3.660,000
1,000 &c
2,400,000
1,000 &c
1,200,000
1,000 &c
4M
4K
Q— J
M & N
J
& D
M & N
Various
Various
A & O
A & o
M & N
M & N
& J
J
1.000.&C
1,000 &c
1,000
573.000
772,000
150,000
7
3H
6 g
J
M
J
&
&
&
J •July 1 1.924
N May 1 1923
J July 1 1937
do
do
do
do
Owned b y A tl B & C’stCo
1909
1907
1910
100
10,000
1,000
See text
200.000
300,000
5
6 g
6
J
&
&
&
J July 1 1959
N N ov 1 1912-15
O Apr 1 1940
Carnegie Trust Co, N Y
Safe Dep & Tr Co, B alto
do
do
1909
1909
1,000 &c
11,000,000
20,000,000
4M g J
&
D June 11959
July 1 1959
Bankers Tr Co, 120 Bw ay
18S7
1890
1894
’95-96
’ 97-98
’00-01
1907
1905
1908
1912
1912
1874
1903
1907
1881
1897
1900
1893
1892
1902
1907
1907
1012
1904
1891
1895
100
100
100 &c
1,000
1,000
1,000
1,000
1,000
1,000
100 .& C
1,000
1,000
1,000
100
F IN A N C E S .— During the year ending July 1 1909 maturing coupons
to a total of about $6,000,000 were purchased on behalf of the com pany by
J. P . Morgan & Co. In order to place the road In position to com plete needed
Improvements and additions. The coupons so purchased were pledged with
other collateral to secure about $14,000,000 o f 6% notes due April 8 1911.
These notes were paid at m aturity In 1911 and $12,500,000 new 6% notes
were Issued (sec "B o n d s ” a b o v e ), without the coupons, as part collateral.
The financial plan as originally contem plated In 1908 called for the creation
of a large car trust and the Issuance of $30,000,000 bonds to take up the firstnamed note Issue and to fund coupons maturing on the prior lien bonds and
general lien bonds during the five years ending June 30 1914. V . 89, p. 1086;
V . 87, p. 1245; V . 88, p. 504, 853, 882, 1061, 1127. In O ct. 1911 sold $4,
550,000 5 % notes to retire maturing obligations, and in April 1912 $10,
000,000 to com plete double-tracking between N. Y . and Chicago. See above.
Bergen Hill cut was opened June 12 1910; also cut-off from Hunts to
Cuba, N. Y .. 30 miles, in July 1910. V . 90. p. 1613.
In July 1912 made a traffic agreement with the Balt. & Ohio, enabling
com pany to handle traffic between Baltimore and Chicago and giving an en
trance into Southern territory. V . 95, p. 236.
E A R N IN G S .— 2 m os., /1 9 1 2........... Gross, $11,123,247; net, $3,386,852
July 1 to A ug. 31.
11911_____ Gross, 10,287,757; net, 3,188,092
JT'ANNUAL R E P O R T .— Fiscal year ends June 30. R ep ort for 1911-12
given at length In V 95, p 962, 975.
1911-12.
1910-11.
1909-10.
Miles operated................................
2,258
2,265
2,227
Gross earnings..........................
$56,492,370 $56,649,908 $54,866,190
W orking expenses...................................... 42,508,253 40,245,301 39,065,572
4
4X
4
4
3K
4
4
M
A
O c t 1 ’ 12 1 H % Office, Boston & M c.B ost
Office FItehburgRR .B ost
Feb 1 1937
do
do
June 1 1920
do
do
May l 1914
do
do
1915 and 1916
do
do
1927-1928
do
do
Oct 1 1920-21
do
do
Apr l 1927
do
do
May l 1925
do
do
May 1 1928
Jan 1 1932
2,500,000 2 in 1912 Yearly A ug 1912 2%
500.000
6
Q— M Sep 1 6 '12 1 'A%
200,000
A & O Apr 1 1921
6
500.000
4H g J
& J July 1 1947
800.000
4 g
J
& J July 1 1950
50,000
J
& J July 1 1913
6
A & <) Oct 1 1922
350,000
6
5,150,000
4 H g M & N N ov 1 1952
J & J Jan 1 1932
3,000,000
5 g
A & O Apr 1 1937
2,773,000
5 g
6
ann non
A & d A pr 1 1954
4 g
6,240!000
1,000,000
4 H g ,1 & J Jan 1 1941
& j July 1 1915
J
5 g
312,000
M & s S e p 3 1912 2 X
2,291,416
5M
Checks mailed
do
do
Im p & Trad Nat Bk,
New York Trust Co,
do
do
Metropolitan Tr Co,
Farmers’ L & T r Co,
New York 'rrust Co,
July ’08 coup last
In default
N Y
N Y
N Y
N Y
N Y
paid
Oct 1907 coup last paid
Central Trust Co, N Y
do
do
Farmers’ L & Tr Co, N Y
having been extended from 1911). Safe Deposit & Trust C o., B alt., trustee.
In April 1910 made 3d M. for $300,000. V . 90, p. 1170. Loans and bills
payable June 30 1912, $74,713. V. 85, p. 1339. For year ending June 30
1912, gross, $50,913; net, $13,344; Interest, taxes, &e., $45,056: dcllolt,
$30,712. P res., J . L . Phillips.— (V . 90, p. 1170; V . 95, p. 110.)
FLORIDA EAST COAST RY.— Owns from Jacksonville, F la., via St.
Augustine to K ey W est, 521 m. (Including the extension from K n ight’s K ey
to K ey W est, 45 m ., com pleted Jan. 1912; branches, 95 m .: trackage, 13 m .;
total, 628 m . Completed to Miami In 1895 and has since been In successful
operation. Forms the only connection to Southern and Eastern Florida
and thence to Cuba for the Atlantic Coast Line, Southern R y . and Seaboard
Air Line. In Sept. 1911 contracts had been let for extensions from M aytown to Whittier, Fla., and Lake Okeechobee, with a branch to Ft Basslnger on the Klsslmee River a total o f 135 m ., to be com pleted within 3 years
at cost o f $1,500,000 or m ore, o f which M aytown to Chuluota, 22 m ., was
opened April 1912. V . 91, p. 1629.
STO C K .— $5,000,000, all sold at par. Controlled by H enry M. Flagler.
BON DS. &C.— The 1st M. 4 K s ($12,000,000 auth.. $10,000,000 sold In
June 1909 and $1,000,000 In 1912 are a first Hen on 015K miles at $16,246 a
mile. Inch equip.; cost In cash reported as $59,774 per mile. V. 88, p. 1620;
V . 94, p. 1185. Followed by $20,000,000 2d M. Inc. bds. & $5,000,000 stk.
Dlv. on Incomes, 3 K % . paid N ov. 1 ’ 10; N ov. 1911, 4 % . V . 93, p. 730.
E A R N IN G S .— 12 m os.,/1011-12____Gross. $4,432,303; net, $1,309,854
July 1 to June 30.
11910-11____Gross, 4,183,384: net, 1,577,567
For 6 mos. ending Dec. 31 1911, net, $281,949, agst. $301,100 In 1910;
lnt., hire of equlpt., &c., $365,979; bal., d ef., $84,300. V . 94, p . 1185.
R E P O R T .— R eport for year ending June 30 1911 (V . 93, p. 1381) showed:
Gross, $4,181,278; net, $1,577,568; lnt., taxes, rentals, &o., $ 73 1 ,9 4 5 ;,lnt.
Net earnings.................
$13,984,117 $16,404,607 $15,800,618
on Income bonds, $800,000 (4 % ), less int. on deposits ($21,508), $778,492;
Interest on securities_________________ 3,799,697
3,183,774 3,527,091
Rents, & c., received__________________
945,742
757,288
806,929 bal., surp., $67,130. In 1909-10, gross, $3,087,434; net, $1,481,621.
Pres, and Gen. Mgr., J. R . Parrott.— (V . 94, p. 207, 279, 1185.)
Total net incom e.................................... $18,729,556 $20,345,669 $20,134,638
FONDA JOHNSTOWN & GLOVERSVILLE R R — Owns Fonda to
Interest on b on d s.................
$8,670,766
9,749.801 9,714,161
Northvllle (steam ), 25.47 m .; Gloversville to Schenectady (electric), 32.26
Interest on collateral notes___________ 1,033,125
747,039
793,988 m .; Gloversville to Fonda (electric), 8.70 m .; Belt lino In Amsterdam
Rentals of leased lines________________ 2,251,799
998,868
980,646
(electric), 3.48 m .; Hagaman line (electric), 2.29 m .; second track (electric),
Hire of equipment and Joint facilities 2,242,362
1,991,656
1,597,060 22.31 m . Operates under lease branch line Broadalbln Jet. to Broadalbln,
Interest on car trusts_________________
586,002
509,716
598,852 6.15 m . (steam); also local line Gloversville to Johnstown (electric), 4.08 m .;
Penn. Coal Co. sink, fund and mlsc.
568,299
958,177
643,388 sidings and turnouts, 12.52 m .; trackage, 1.99 m .; total, 100.78 miles of
582,452
1,339,737
737,087 road (123.09 miles of track), of which 101.43 on private right of way and
Additions and Im provem ents________
19.67 miles on streets and highways. The Little Falls & Johnstown R R .,
Balance, surplus___________________ $2,794,751 $4,050,675 $5,069,456 owned b y allied Interests, Is building an electric road from Little Falls to
O F F IC E R S .— Pres.. F. D. U nderwood: V .-P . and Gen. Solicitor, G. F . Johnstown, 28 miles, with branch from S t. Johnsvllle to Canajoharlc,
V . 95, p. 111.
,
Brownell; V .-P ., G. A . Richardson; V .-P . and Sec., David Bosman; 8 miles.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Trcas., D. W . Blgoney; C om p., C. P. Crawford, 50 Church S t., N . Y .
Electric Light & Power Co. (V. 71, p. 1167). V . 78, p. 29. Also a twoD IR E C T O R S .— Chas. Steele, J. J. Goodwin, John G. McCullough, thirds Interest In stock and bonds of Adirondack Lakes Traction C o., 4 miles.
Ogden Mills. F. D. U nderwood, G. A Richardson, Francis Lynde Stetson,
D IV ID E N D S .— On pref., 1 14% quar. June 1909 to Sept. 1912, Incl.
Geo. F . Baker, Norman B. R eam , Charles A . P eabody, E . II. Gary, Geo.
(Q.-M . 15). On co m ., first d lv ., 2 % , paid July 20 1910; July 10 1911, 2 % ;
W . Perkins, R . S. Lovett, L. F. Lorce, W m . P. Ham ilton.— (V . 95, p.962.)
A ug. 1 1912, 2 % .
EVANSVILLE & TERRE HAUTE RR.— See Chicago & Eastern Illinois.
BON DS.— Consol. 4 K s , $7,000,000 auth.: $1,850,000 Is reserved to re
tire prior liens. V . 76. p. 265. In Mch. 1911 $463,000 consols were sold
FERN WOOD & GULF RR.— See page 140.
for Improvements, making $5,150,000 outstanding. V. 92, p. 261, 725
FITCHBURG RR. — System extends from Boston, Mass., to T roy and 956.
$30,000 Gioversvllle & Broadalbln 5s and $50,000 Johns
R otterdam , N. Y ., 251 miles; branches to W orcester, Bellows Falls, & c., town GGuarantees
lov. & K . Horse R R . 6s and $50,000 8% stock.
207 m .; 458 m. In all, of which 59 m. (Fitchburg to Greenfield) leased from
E A R N IN G S .— 2 m o s.,/1 9 1 2 ...................Gross, $200,356; net, $107,961
Verm ont & Mass, and 5 m. other cos.; second track 199 m. V . 84. p. 1366.
July 1 to A ug. 31. \1911..........
Gross,
190,262; net, 110,148
L E A S E .— Leased for 99 years from July 1 1900 to Boston & Maine for 5%
on pref. and 1% on com . stock, organization expenses, Int. on bonds, taxes,
R E P O R T .— R eport for year ending June 30 1912 In V . 95. p. 614,
expenses of maintenance, &c. Boston & Maine holds $5,551,400 of the showed: Gross. $932,168; net, $473,729; other Income, $32,312; charges,
$7,000,000 com m on stock, the remainder being in the treasury. V . 70, $404,380; pref. dlv. (6 % ), $30,000: com m on dlv. ( 2 % ) . $50,000; bal.,
p. 76. 125. 176. 583 1291; V . 71. p. 29, 543; V . 72. p. 532.
surplus, $ 2 1 .6 6 1 — (V . 93, p. 730, 793; V. 95, p. 110, 544. 614.)
B ON DS, &c.— Debentures, see V . 60, p. 967; V. 84, p. 158, 270. The
FORT DODGE DES MOINES & SOUTHERN RR .— Owns or controls
stockholders on Sept. 27 1911 authorized $1,350,000 bonds to retire the road
from Des Moines, la ., to Fort Dodge and extensions to Rockwell City
$100,000 bonds due Dec. 1 and to provide for additions and Improvements. and Newton,
with 7-mlle branch to Ames and local lines In Fort Dodge and
$1,200,000 20-year 4 ^ % bonds being sold In Dec. 1911. V. 93, p. 730, Ames, all equipped
for steam service, and the main line between Des Moines
1461, 1725, 1786; V . 94, p. 68. The stockholders on Sept. 25 1912 au and Fort Dodge, with
branch to Ames, a total of 160 miles: also with electric
thorized $450,000 bonds for Improvements.— (V . 95, p . 750.)
power for passenger service. V . 85, p. 98, 1209; V. 87, p. 1420; V . 88.P.101.
FITZGERALD OCILLA & BROXTON RR.— Owns B roxton to Ocilla, On June 6 1910 President Hom er Lorlng and Parley Sheldon of Ames, la .,
Ga., 25 miles, with branch to Fitzgerald, 5 m .; leases Ocilla to Irwlnville, were appointed receivers. V. 90, p. 1554.
.
. .
„
10 m. V . 84, p. 1551. Stock, $300,000, all outstanding, par $100, of
In Feb. 1911 receivers were ordered to sell part of road from Newton to
which three-fourths, together with all the $150,000 outstanding bonds,
Des Moines Junction, 30 miles; not being able to sell same, the court Is
are owned b y the Atlanta Birmingham & Coast Co. V . 89, p. 41. Oper considering Its abandonm ent. V. 92, p. 394. In Oct. 1911 $720,000 re
ated b y Atlanta Birmingham & Atlantic R R . since Jan. 1 1912.
ceiver’s certs, were authorized to retire $500,000 certs. Issued Mch. 20 1911
In 1909 a protective com m ittee for securities of Atlanta Blrm. & Atlantic and provide $220,000 for Improvements, Including $120,000 for the exten
R R . requested deposits of both stock and bonds. V . 88. d . 1196. In sion from A nkeny to Des Moines, V . 93, p . 1022. In July 1912 $820,000
M cb. 1910 II. M. Atkinson was appointed receiver. V. 92, p. 725. Loans receiver’s certificates were authorized to take up the outstanding $720,000
and bills payable June 30 1911, $17,769; receiver’s certifs., $15,401; car and for Improvements. V . 94, p. 1763.
trusts, $5,660.
, . ___ ____
ST O C K .— Common stock auth. and outstanding, $2,000,000; pref., 5%
Year ending June 30 1911, gross, $35,540; oper. d ef., $23,938; lnt. on
., $1,200,000, all Issued. The bonds cover 3,218 acres coal lands.
bonds, $7,980; other charges, $6,348: bal., d ef., $37,266. V . 85, p. 468. non-cum
V . 85. p .9 8 ; V . 87, p .1 4 2 0 . Coupons are in default. Year 1909-10, gross,
Pres., H . M. Atkinson; Treas., H . M. Milam.— (V. 89, p. 41; V . 92, p. 725.) $458,021;
net Income, $113,649: int., taxes, & c., $155,161; bal., d ef.,
FLORIDA RY.— Perry to Live Oak, Fla., 52 miles; with branches, 7 m. $41,512.— (V . 92, p. 394, 1242; V . 93, P- 1022; V . 94. p. 1763.)
Authorized to build from Tallahassee to Fernandina and Jacksonville, 224
FORT
SMITH
& WESTERN RR. — Operates Fort Smith, A rk., to Guth
miles. Extensions were under construction In Jan. 1911 from Live Oak rie, O. T ., 216 miles,
of which Coal Creek, I. T ., to Guthrie, 196 m. Is
to Jacksonville and Fernandina, 104 miles, but In A ug. 1911 construction owned and F t. Smith to
Coal Creek, 20 in.. Is Kansas City Southern track
was discontinued. V . 93, p. 1786. Stock authorized, $4,000,000; par, age, to be replaced by com pany's own road. Coal properties arc developed
$100. Bonds ($4,000,000 auth. Issue) are subject to call at 106 on any ln t.
McCurtaln, I. T ., 40 in. west of Fort Smith, producing an average o f
day after July 1 1914; they will be Issued at $20,000 per mile. Money to at
tons per m onth. Owns 51% of the capital stock of the St. Louis El
pay 2 years’ coupons. It was stated In May 1910, had been deposited t© pro 30,000
& W est. R y ., Guthrie to El R eno, O. T ., 42 m ., oper. Independently.
vide for period of construction of extensions. V. 89, p. 1596; V . 90, p. 1362. Reno
In N ov. 1910 security holders were privately asked to deposit their hold
F or year ending June 30 1911 (58 m iles), gross, $52,129; net Income, $7,262; ings
for 3 years with a com m ittee consisting of W . L. Brown, A . W . Mellon,
int. and taxes, $18,060; bal., d ef., $11,398. Pres, and T rcas., Frank Drew,
Colgate H oyt. W . II. Connlir. W . G. Mather, J. J. Sullivan, Geo. S. Russell,
L ive Oak, Fla.— (V . 91, p. 1786.)
James H . H oyt, S. II. Tolies, C. C. B olton and A . C. Dustin (Superior S av
FLORIDA CENTRAL RR. — Owns Thom asville, Ga., south through ings & Trust Co. of Cleveland, the mtge. trustee, depository), with pow er
tim ber lands to Fanlew. Fla., 47 miles; com pleted 1908. Controlled by to sell or exchange the same, &c. V. 91, p. 1440; V. 92, p. 527.
J . L . Philips & Co. In June 1912 R . A . McCranle was appointed receiver.
Stock, $5,000,000, all outstanding; par $100. As to 4s of 1904 ($7,500.
(V . 95, p. 110.) S tock, $50,000: par, $100. Bonds of 1907 mature 000 auth.), sec V. 78, p. 1497. Equipm ent trust notes outstanding June 3D
40,000 yearly In 1912 to 1914 and $80,000 In 1915 (the last-named am ount 1911, $376,522; loans and bills payable, $308,000. V . 77, p. 88.
Oct., 1912. j
53
R A IL W A Y STO C K S A N D BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, &:c., see notes on first page]
Miles
Road
Dale
Bonds
Par
Amount
Value Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
$100 $2,539,992 4 In 1912 Yearly Feb 20 1912 4%
Ft W orth & Denver City— Pref stock "stam p certfs” 4s
1.000
454 1881
J
& D Dec 1 1921
8.176.000
First m tge gold 518.000 per m ile .- ------ Ba.o*
1906
156.000
Equip trust ctfs guar due $39,000 s-a redeem 1 0 1 -V J & D Dec ’ 12-J’ ne 14
1,000
1907
A & O Apr ’ 13-Apr ’ 17
do
do Series B due $19,000 s-a redeem 101Q
171.000
5
1,000
74 1905
M & N N ov 1 1935
Gainesville Midland— First M $1,000,000 g red at 110
661.000
5 g
1,000
256 ’71-’80
F A A Aug 1 1935
Galveston llarrisb & San Antonio— 1st M g 1 gr e x t .o
6 g
4.728.000
1,000 13,418.000
671 1881
M A N May 1 1931
Western Division 1st M (Mex A Pao ext) g o ld -----1,000
1910
Galveston-Victorla Dlv 1st M $10,000,000 au th —
& D June 1 1940
9 ,0 2 ',0 0 0
J
V
1,000
"50 1883
A A O A pr 1 1913
2,000,000
(ialvcston Houston & Hend of 1882 First
5
1,000
1908
Galveston T e r m in a l-ls t M $5,000,000 auth gu (text)
M & S Mch 1 1938
1.006.000
6
1,000
1882
Galveston W harf Co— 1st (r e ) M gold s f
_ _c
J
A J July 1 1932
489.000
6 g
1,000
1890
First series (wharf & railroad) gold 5s sink fu n d -.c *
A & O Apr 1 1940
1.363.000
5 g
1,000
1901
Second series (wharf & railroad) gold 5s s f ------ c*
F & A Aug 1 1926
1.407.000
5 g
1,000
16 1899
A & O A pr 1 1929
500.000
Genesee & W yom ing R R — 1st M gold $500,000— CK
5 g
Oct 1 1912 Vi %
Geneva Corning & Sou— Comm on stock guar................
Q— J
2.325.000
34*
Oct 1 1912 1%
Preferred stock, g u a ra n teed ........................................
5.000.
0004
Q— J
1,000
75 1885
Pine Creek 1st M gu prln and Int endorsed................ r
J
& D D ec 1 1932
3.500.000
6
1909 1,000 &c See text
First & refund M ($10,000,000 a u th )------ F .xc*A r*
M A N May 1 1959
4 g
Georgia & Alabama— Georgia Carolina & Northern— See Se aboard Air Line R y .
1,000
85 1906
Georgia Coast & Piedm ont— First M g $ 1 ,0 0 0 ,0 0 0 ..G
M A S Mch 1 1946
175.000
5g
1907
Consolidated m ortgage $3,500,000 gold ..................Ce
240.000
J
A D Dec 1 1957
5 g
1912
250.000
Sept 1 1932
Incom e d ebentures............................- - - - ................- - 5
100 &c
1912
■ New m tge $3,500,000 auth gold red 105------------- CK
1.965.000
A A O A pr 11962
5g
100
Georgia & Fla— Common stock $15,000 per m ile-----5.250.000
100 3.500.000
Pref stock non-cum par tic. $10,000 per m ile---------1,000
53 1905
212.000
A & O Apr 1 1955
Mlllen A South 1st M ----------CK
s e
500 Ac
284 1907
Georgia A Florida mtge $12,000,000 g o l d . . . BBac*
5.600.000 _ 5 g
M & N N ov 1 1956
500 &c
1912
Gen M g (cum Inc for 10 yrs) red par----------FBa.c*
2.000.
000 text F A A Feb 1 1932
See
1,000
1910
175.000
Georgia & Florida Term M $200,000 guaranteed-----6
J & J July 1 1930
1,000 2.113.000
1904
Georgia Florida & Alabama— First mtge gold ..B a ,c * T ext
5 g
J
& J July 1 1954
1,000
98 1896
Georgia Midland R y— First M gold $1,650,000 Int guar
1.650.000
A & O Apr 1 1946
3 g
Georgia Pacific— See Southern R y
100
307
4.200.000 12 In ’ 12 Q— J
O ct 15 1912 3 %
Georgia Railroad & Banking Co— S tock ---------------1,000
1897
Bonds refunding not mortgage currency-------------- c*
1.000.000
J
& J Jan 1 1922
5
1,000
’8 2-’87
Bonds not m ortgage ($200,000 are 5 s ) ----------------500.000 5 A 6 J
& J Jan 1 1922
1,000
1907
Bonds not mortgage currency (V 87, p 226, 285) . . c
1,000,000
J
& J Jan 1 1947
4
Stock, $5,000,000, all outstanding; par $100. Of the 4s of 1904 ($7,500,
000 au th .), $5,833,000 were Issued In exchange for $5,000,000 old 5s,
$400,000 arc reserved to replace the 20 miles of trackage m entioned above,
$400,000 for equipm ent, and the balance for other purposes; Superior Sav.
& Trust Co., trustee. Equipm ent trust notes outstanding Juno 30 1911,
$376,522: loans and bills payable, $368,000, V . 77, p. 88.
E A R N IN G S .— 12 m os.,/1 9 11 -1 2 ______ Gross, $768,789; net, $181,209
July 1 to June 30.
\1910-11...........Gross. 804,759; net, 192,664
For year ending June 30 1911, gross, $804,760; net, $192,664; other In
com e. $73,683; Int., taxes, & c., $357,172: bal., d e f„ $90,825. In 1909-10.
gross, $657,379. Pres., A . C. Dustin, Cleveland. O .— (V . 93, p. 1786.)
F O R T S T R E E T U N I O N D E P O T . — Owns passenger station with ap
proaches, 1.4 miles, connecting with the Detroit Union R R . D epot & Sta
tion Co. Leased for 999 years from Dec. 10 1889 to the W abash, Pere Mar
quette and Canadian Pacific for rental equal to 5 % of total cost of work and
current expenses. Incorp. In Mich. A ug. 24 1889. Stock, $1,000,000, of
which Pere Marq. owns $515,800; par, $100. Pres., W m . Cotter, Detroit.
F O R T W A Y N E & J A C K S O N R R . — Owns Jackson, M ich., to F ort W ayne
In d ., 98 miles. On A ug. 24 1882 leased perpetually to Lake Shore & Michi
gan Southern at a rental of $126,027, equal to 514% on the pref. stock (see
V . 56, p. 812) and after 1887 any net earnings over 8 % on pref. stock to be
paid on com ., but not exceeding 2% a year. Com. stock, $436,132.
F O R T W O R T H & D E N V E R C I T Y R Y . — (See M ap Col. S o .)— Ft. W orth,
T ex., to T cxlln c, 454 miles. Owns securities of Ft. W . & Den. Term . R y.
S TO C K , A o.— Colorado A South. R y . June 30 1911 owned all but $25,484
of the $6,835,008 com . Issued and stamped stock. V . 63, p. 1063. 75.
Payments under stamped stock agreement of O ct. 12 1895: 2 % In '98:
’99, 2 % ; 1902, 2 % ; A pr. 1903, 1904, 1906 to 1912, 4 % each.
B O N D S.— A bs tra ct of m ortgage, V . 45, p. 440. Certfs. of Indebtedness
owned b y Colo. Sou. June 30 1911. $299,917. Equipm ent trust, V . 82,
n 1101: V . 84, p. 508. Equipm ent trust 5 % notes o f 1908, due s.-a. to
June 1 1913, $26,000. "P ullm an” equip, leases May 1 1912, $303,005.
The Fort W orth A Denver Terminal R y . authorized an Issue o f $2,500,000
30-ycar 6 % bonds dated Dec. 1 1907 (Mercantile Trust C o., N . Y ., trustee),
subjeot to call at 105, of which $728,000 have been Issued, $300,000 sold and
$428,000 held b y Ft. W . & D. C. R y . V . 86, p. 52, 1100, 1589: V . 87. p. 949.
E A R N IN G S .— 12 m os.,/1 9 11 -1 2 ___ Gross, $4,780,967; net, $1,614,600
July 1 to June 30.
11910-11------ Gross, 5,153,019; net, 1,975,805
Pres., Geo. B . Harris.— (V . 82, p. 1156; V . 84. p. 508.)
G A I N E S V I L L E M I D L A N D R Y . — Owns Gainesville, G a „ to Athens, 42
miles standard gauge, and Belm ont to Monroe, 32 miles, narrow gauge.
Organized July 5 1904. V . 79, p. 151. 269, 500, 627. S tock, all outstanding,
$550,000. Of the 1st 5s of 1905 ($1,000,000 authorized), $14,000 Is re
served to retire old 6s and $299,000 for extensions. V . 81. p. 1848. The
Savannah Trust Co. Is m ortgage trustee. V . 81, p. 1375, 1550. Year
ending June 30 1912, gross, $173,881; net, $36,612; Int., taxes, & c., $52,
443; b al., d et., $15,831. Pres., Geo. J. Baldwin.— (V . 91, p . 1574.)
G A L V E S T O N H A R R I S B U R G & S A N A N T O N I O R Y . — (See MapSouthern
P a cific.)— Owns Galveston, via H ouston, T ex., to east bank o f RIo Grande
River, 833 miles; BeevIUe to Rosenburg, 147 miles; San A ntonio to Port
Lavaca, 136 miles; Magers to W est Shore, Galveston B ay, 46 miles; Port
Lavaca. Stockdale to Cucro, 46 m .; branches, 174 m .; trackage, 3 m .; total,
1 338 m . Southern Pacific Co. owns $27,056,100 of the $27,084,372 stock
(par $100). A consolidation In 1905. V . 79. p. 2642; V . 80, p . 1424; V .
81 p* 211, 668. 1242; V . 83, p . 1528. Due Southern Pacific Co. June 30
1 9 i l . ’ $10,575,823.
B O N D S __The Galveston-VIctoria D lv. 1st M. 6s ($10,000,000 auth.
issue) cover the properties acquired In 1905 and the new line from Stockdale
to Cucro T ex ,^47 miles. Of the bonds $5,384,000 was Issued to retire
the old bonds, $3,638,000 was authorized to be Issued for lines built, Im
provements and equipment, and the remaining $978,000 Is reserved for
future purposes; $«.),022,000 of the bonds have been Issued, and are held in
the Southern Pacific treasury. V . 92, p. 1636; V 94, p. 130
Western Dlv. 2ds ($0,354,000) b y agreement are treated as incom e bonds;
V . 58, p. 719; V . 84, p. 803: V. 88, p. 1437. Equipm ent bonds, $1,558,000
6s, owned b y Southern Pacific. V. 76, p. 1300; V. 77, p. 2160. The Sou.
Pac. Co. owns $1,110,000 out of a total of $6,354,000 M ex. A Pao. ext. 2d M.
6s and $4,728,000 G. II. A S. A . East D lv. 1st 6s (e x t.), duo A ug. 1 1935.
E A R N IN G S — 12 m o s.,/1 9 1 1 -1 2 .. .G ross, $10,789,688; net, $2,313,652
July 1 to June 30.
\1910-11 — Gross, 10,984,587; net, 2,187.658
For year ending June 30 1911: Gross, $11,116,529; net, lncl. other Inc.,
$3,303,997; charges, $2,641,716; bal., surp., $662,281.— (V . 91, p. 1695.)
G A L V E S T O N H O U S T O N & H E N D E R S O N R R . O F 1 8 8 2 . — Owns from
Galveston, T ex ., to H ouston, T ex., 50 miles. Seo V . 61, p. 1013.)
O R G A N IZ A T IO N .— The M. K . A T. and International A Great Northern
have had trackage rights since Dec. 1895 under a contract providing for pay
ment to mtge. trustee of $100,000 yearly to meet interest on G H . & II.
bonds and an additional rental of $24,000 per annum for dividends or other
purposes— see V. 61. p. 1064; V . 63. p. 697. D ivs.. May 1904 to 1906, 4%
yearly; since to June 30 1911, none. M. K . A T . owns 4,999 shares of stock.
S tock. $1,000,000; par, $100. For year ending Deo. 31 1911, gross
$469,519; net, $160,723; other Income, $161,701; taxes, $39,099; bond
int., $100,000; other charges, $50,195; bal., sur., $133,131. In 1910. gross,
$412,317; net, $153,079.— (V . 65, p. 1114.)
O A L V E S T O N T E R M I N A L R Y . — Owns extensive terminals at Galveston,
T ex ., used b y Trinity A Brazos Valley R y .. Colorado Southern and Chic.
R . I. A Pacific, which own practically all the stock. V . 87, p. 950. Owns
a large freight depot and warehouse and about 14 blocks along Galveston
water-front. In Jan. 1910 about 27 miles of main line and sidings had been
com pleted. S tock, $25,000. Of the 1st 6s ($5,000,000 auth. Issue),
$1 108,000, guar. Jointly by the Ch, R . I. A P . and Col. A S o., were sold
In N ov. '08. V . 80. p. 1100. 1589; V. 87, p. 1478. Pres., J W . Robins,
H ouston, T e x .; V .-P ., John Sealy.— (V . 86, p. 1100, 1589; V . 87. p. 936.)
Places Where Interest and
Dividends are Payable
Guaranty Trust Co, N Y
Office, 26 Liberty St. N Y
Commercial Tr Co, Phlla
Guaranty Trust Co, N Y
Savannah, Ga
Owned b y Sou Pao Co
So Pac Co 165 B’ w ay.N Y
do
do
Bankers Trust Co, N Y
do
do
Nat C ity Bk, N Y , or Gal
do
do
do
do
C olum b-K nickTrC o, N Y
Grand Central Sta, N Y
do
do
do
do
do
do
F J LIsman A Co, N Y
do
do
Int only p ay when earn
do
do
Hanover Nat Bk, N Y
C olK nT r Co, N Y & Balt
Interest from Feb 1 1913
Fidelity Trust Co, Balt
Bankers’ Trust Co, N Y
J P Morgan A Co, N Y
Augusta, Ga
Am E x Nat B k, or Aug
do
do
Am E xch Nat Bk, N Y
S tock, $500,000; par, $100. DIvs. from O ct. 1899 to 1902, lncl., 5 % yearly:
1 9 0 3 ,8 % ; 1904, 8 % ; 1905 to A pr. 1 9 1 0 ,4 % yearly (s.-a .); A ug. 1910, 1 X % :
N ov., 1 x % ; 1911, 5 % . paid 1 K % Q .-J.; 1912, 5 % (Q .-F . >. Year
1911-12. gross, $102,834; net, $49,752. In 1910-11. gross, $105,385; net,
$57,982; charges. $32,019: d ivs. ( 5 % ), $25,000; bal.. sur., $963.
Pres., M. B . Fuller, Scranton, P a .; Sec. A Treas., W . H . Barnard,
2 R ector S t., N . Y .— (V . 76. p. 1248.)
GENEVA C O R N I N G & S O U T H E R N . — Owns Geneva, N . Y ., to New
berry Jet., Pa., 166.94 miles; branch to Ulysses, P a., 39.85 miles; Antrim
branch, 16.65 m .; Penn Yan, N. Y ., to Dresden. 6.55 m .; Corning branch,
0.75 m .; Beech Creek connection, 0.95 m .; total, 231.69 m . A consoli
dation In Feb. 1909, V . 88, p. 1002. Stock, com m on, $2,325,000; pre
ferred, 4 % cumulative, $5,000,000; par, $100. Leased to New Y ork
Cent. A H ud. RIv. R R . from April 1 1909 for the term of Its corporate ex
istence, or any extensions thereof, the rental covering 4 % dividends on the
pref. and 3 4*% on the com . stock.V . 88, p. 822, 1061' V . 89, p. 286. T h e
N . Y . Cent. A H ud. RIv. R R . owns $1,820,800 o f the $2,325,000 com m on
stock and the $5,000,000 first pref. stock. V . 90, p . 54, 167.
Pine Creek 6s are guaranteed b y Reading and N. Y . Central Jointly and
severally. See form of guaranty, V . 56# p. 650. The road is m tged. 10
secure an authorized Issue of $10,000,000 50-year 4 % bonds of the N . Y . C.
A H . R . R R . assumed b y the Geneva Corning & Southern, to be used to
retire outstanding Indebtedness and bonds for Improvements. V . 88, p.
1127, 1313; V . 89, p. 1 6 2 — (V . 89, p. 286; V . 90, p. 167.)
G E O R G I A C O A S T & P I E D M O N T R R . — Extends from Darien to Collins.
Ga., 85 miles; com pleted In July 1906. Extension from Darien to B run s
wick, 15 m ., to be com pleted July 1 1913; extension also proposed north
from Reldsvllle to Vidalla. Stock, $1,600,000.
The consol. 5s (limited to $3,500,000) are Issuable at $10,000 per mile and
$2,000 per mile additional for equipment when the property has earned
50% In excess o f Interest charges: $200,000 m ay be used to acquire term in
als, sufficient also reserved to retire 1st 5s. V . 82, p . 804. In May 1911
a new mtge'. was authorized for $3,500,000, of which a block has been sold
for extension from Darien south to Brunswick, 15 miles, begun July 1912;
bonds are reserved for extension from Reldsvllle to Vidalla on the north,
and for Improvements, and to take up underlying bonds; limited to $12,000
against future extensions. V . 94, p. 1448, 1763. Year ending June 30
1911, gross, $91,469; net, $20,594; in t., taxes, A c., $48,133; bal., d ef.,
$27,539. In 1909-10, gross, $84,640; net, $13,388. Pres., F. J . LIsman.
— (V . 94, p . 1448, 1763.)
G E O R G I A F L O R I D A & A L A B A M A R Y — Owns Richland, G a.. to
Tallahassee, Fla., 133 miles. Including 26 miles opened Sept. 1909; Talla
hassee to Carrabelle, on the Gulf of M exico, 51 miles; branch, H avana,
Fla., to Quincy, 12 miles; total, 196 miles. Also operates steamer line
from Carrabelle to Appalachicola, Fla. Stock, $450,000; par, $100. In
June 1909 President W illiams, it was reported, purchased the m inority
stock and practically all o f the outstanding bonds. V . 88, p. 1437. Bonds,
see table above. Current liabilities, A c ., June 30 1911, $264,740. In
1906 authorized 5 % non-cum . pref. stock, none Issued to July 1910.
For year ending June 30 1912, gross, $564,585; net. $83,362. In 1910-11,
gross, $487,134; net, $89,123; charges, $120,401; bal.. d ef., $29,576. In
1909-10, gross. $417,756: net, $77,225. In 1908-09, gross, $401,761: net,
$63,277. Pres., J . P . W illiams; Sec.-Treas.. L . G. P apy, Balnbrldge, Ga.
— (V . 88. p . 1437.)
GEORGIA & FLORIDA R Y . — Owns from Madison, Fla. (40 miles from
Gulf of M exico), to Keysvllle. Ga.. 224.6 miles; trackage, Keysville to Au
gusta, Ga., 25.9 m .; other trackage, 3.7 m .; branches, 98.0 m .; total
June 30 1911, 352.2 miles. Owns stock of Georgia A Florida Term . C o.,
which provides terminal facilities at Augusta and Valdosta and guarantees
Its 1st M. 6 % bonds ($200,000 auth. issue). A consolidation In A ug. 1907
of Mlllen A Southwestern and other roads, acquired b y syndicate organized
b y Mlddendorf, Williams A Co. and Internat. T r. Co. of Baltimore and
John L . Williams A Sons, R ichm ond, Va. V . 82, p . 1211; V . 85, p . 345:
V . 87, p. 480. 936. 1533: V . 88. p. 681.
„„ „„„
BON DS.— Bonds o f 1907 to be limited to $12,000,000 at $20,000 per
mile, o f which $6,312,000 have been Issued, $5,600,000 being In hands of
public, $212,000 reserved to retire Mlllen A S. W . bonds and $500,000 in
treas. V . 85, p. 221, 530. Car trusts A pr. 1912, $149,968; due m th ly.to 1916.
The $2,000,000 6% 20-year gen. M. bonds o f 1912 have cum . Int. depend
ent on Income for the first 10 years, payable either In cash or certificates of
debt bearing 5 % Int., the latter being convertible Into 5 % coupon bonds in
multiples of $300, the 6 % bonds and 5 % scrip obligations being redeemable
at par and int. on any Int. date. The proceeds (about $1,000,000) will be
used to retire floating debt Incurred In com pleting the property, redeem
equipment obligations and provide working capital. V . 94, p. 630, 826,
911, 1118. The bonds (underwritten) were offered to stockholders at 52.
R E F O R T .— For year ending June 30 1912, gross, $800,541; net, $72,598Report for 1910-11 In V . 94, p . 203, showed (332 average miles): Gross,
$704,930; net, $133,799; other Income, $107,828: charges, $209,90o; bal
ance, surplus, $31,722. Pres., John Skelton Williams; S ec., C. T . W illiams,
Treas., R utherfoord Fleet.— (V . 94, p . 1118.)
L '^ 3
G E O R G I A M I D L A N D R Y . — Owns road from Columbus to M cD onougn,
Ga., 98 miles. Leased from July 1 1896 for 99 years to the Southern Rail
way Co. for $49,500 annual rental (being Interest on the first m tge. bonds.
A c.) and $2,500 for Columbus terminal property. Stock Is $1,000,000.
owned b y Southern Railway Co.— (V .’ 63, p. 361; V . 82, p . 751.)
G E O R G I A R R . & B A N K I N G C O . — Owns from A ugusta, Ga., to A tlanta,
Ga., 171 m .; branches to W ashington and Athens, 58 m .; Macon A Augusta
R R . (proprietary road), Camak, Ga.. to M acon, Ga., 74 m .; trackage, 4 m .;
total, 307 m. Owns 50% stock o f W estern R y . o f A la. (the Central of Ga.
R y . owning the other half): also owned a 4 7% Interest In A tl. A W est Point,
but sold same In 1910-11 to the lessees at $135 per share, with the option of
purchase at same price on expiration of lease.
,
Lease.— In 1881 road leased for 99 years to W . M. W adley et al for the
Cent, of Ga. and the Loutsv. A N ashv., at $600,000 per year, but in April
G A L V E S T O N W H A R F C O . — See page 1 4 1.
1899 the Loulsv. A Nashv. was held to have acquired all rights under the
lease: Atlantic Coast Co. 1899 acquired half Interest. V . 68,iP. 722. Owns
G E N E S E E & W Y O M I N G R R , — R etsof, N, Y ., to Pittsburgh & Lehigh
Jot., 11 miles: R etsof Jet. to Grlegvllle, 4 m .; branch, 2 m .; total, 16 miles. m ajority ($594,900) stock "G a .R R .B a n k ."
54
R A IL W A Y STO C K S A N D BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Date
M iles
Road Bonds
Georgia Southern & Florida— Common stock_________
First pref stock non-cum ulative redeem able..........
Second preferred non-cum ultaive S l.084,000______
First m ortgage gold $4.000,000___________MeBa.c*
285 1895
First consol mortgage 510,000.000 gold ____ N .c*A r
392 1902
Equipm ent trust Ser C due 525,000 scm i-ann____Eq
1910
___ 1877
Gettysburg & Harrisburg— South Mt first m ortgage. .
Gettysb & Harrisb consol mtgc $565,000 g|(seetext)
35 1891
Gila Valley Globe & Northern— See Arizona Eastern R R
12 '8 8 -’S9
Goshen & D cckertown— 1st A 2d M (560,000 are 2ds)
13 1892
Gouverneur & Oswegatchie— 1st M gold gu p & l.U n .c
___ ____
Grand Rapids & Indiana R y— Stock $6,000,000____
First M mostly land grant gold extended in 1899.c
335 1891
First M extended gold guaranteed by Penn R R _ .c
335 1891
Second mortgage 55,000,000 g o ld ________________e
387 1896
Grand Rapids & Northw— 1st M $5,000,000 gold ...G P
—
1908
Grand Trunk Pac— First M £ guar Can Govt (text)cA r 1,755 1905
Prairie Section M (Ser A) £2,100,0001 guar p and I
9 l6 1905
Mountain Sec M (Ser B) £2,050,000 )■ b y Grand
839 1905
Lake Superior Dlv 1st M £1,550,000J
Trunk
188 1905
Debenture stock $25,000,000 red at 105 after 1936
___ ____
Loan $ 10,000,000 secured by mtge on Prairie section
1909
Grand Trk Pac branch lines 1st M guar, see text.-C *
___ 1909
Grand Trk. Pac Sask 1st M or deb stk guar (see text)
Grand Trunk R y— Consolidated stock £23,318,309___
1882
4 % guaranteed stock non-cum ulative £ 12 ,500,000___ 1884
First preference 5 % stock £ 3,4 20 ,0 0 0 _____________
___ ’73-’74
Second preference stock £2,53O,O0()________________
___ ’73-’ 74
Third preference 4 % stock £ 7,168,055____________ 3,512
Par
Value
$100
100
100
1,000
1,000
1,000
1,000
1,000
500 te c
l .000
100
1,000
1,000
1,000
1,000
£100 te c .
£100 te c
£100 te c
£100 Ac
5100
£100 Ac
£100
£100
£100
£100
£100
Amount
Outstanding
Rate
%
[VOL. L X X X X V .
When
Payable
$2,000,000
684,000 5 in 1912 M
1,084.000 5 In 1912 M
3.838,000
5 g
.1
2.000,000
J
4 g
375,000
4)4 g M
100,000
A
5
465,000
A
5
te
te
A
te
tc
&
A
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
N N ov 4 1912 2 M M T A D Co, Balt: A N Y
N \ o v 4 1912 2 >3
do
do
.1 July 1 1945
do
do
.1 July 1 1952
do
do
S T o Mch 15 1920 Equitable Trust Co, N Y
O Apr l 1898
Reading Term inal, Phila
O Oct 1 1926
246.500
6
^Various 1928-1929
300,000
5 g
J
A D June 1 1942
5,791,700 See text A A O Apr 25 1910
920,000
3
g .1 A ,r July 1 1941
4,455,000
A .) July 1 1941
4H g J
4,750,000
4 g
A A
Oct l 1936
59,000
F A A F’ eb l 1958
5 g
£7,200,000 3 $ or £ J A J Jan l 1962
£2.100,000
A A
4
Apr 1 1955
£2,050,000
4
A A
Apr 1 1955
£1.550.000
4
A A
Apr l 1955
£4,000,000
M A s Perpetual
4
4
1919
£2,292,100
4
M A N 1939
4
£22,475,993
£11,840,555 4 in 1911 Seml-an Nov 1912
£3.420,000 5 for ’ l l Seml-an N ov 1912
£2,530,000 5 for ’ l l Semi-an Nov 1912
£7,168,055 1H for’ 11 Yearly May 1912
0
0
0
0
N Bk Or Co. Goshen. N Y
Grand Cent Term inal, NY
1 X Office Grand R ap , Mich
W inslow,Lanier ACo.N Y
do
do
Philadelphia, Pa
Philadelphia A Chicago
Bank of Mont, Lon A N Y
IC o’s Office, London, or
)
Bank of .Montreal,
New York
9 N Broad St,L ondon,E O
N Y , Montreal A London
2% Check from Co’s Office
do
do
2)4
do
do
2)4
do
do
1)4
D IV ID E N D S .—
1 '82. 83-’87. ’88. ’8 9 t o J a n .’ l l Since to O c t .’ 12
2. Western Division, Built and Owned by Company—
Since 1 8 8 1 ........... % )lO J 4 1 0 y r ly .l0 )4
11 yearly.
3 quar.
a. Prairie Section, W innipeg to R ocky Mountains, a b o u t ................. 916
D iv. rate Increased in A pr. 1911 from 11 to 12% . V. 92. p. 1795
b. Mountain Division, R ock y Mountains to Pacific Ocean, a b o u t .. . 839
E A R N IN G S (307 miles)— 11911-12..G ross, 53,378.731: net, $790,566 3. Lake Superior Branch, Built and Owned by Company—
July 1 to June 30, 12 m os. 11910-11.-Gross, 3,210,291; net,
798,451
Thunder Bay on Lake Superior to East. Dlv., east of W in n ip eg..
188
Railroad earnings for year ending June 30 1911, gross, 53,210,292; net,
In June 1912 had been built about 3,208 miles, viz.:
$798,451; other Income, 5107,722; rental to Ga. R R . A Bkg. C o., 5600,000;
M
iles.
I
M
iles.
Interest, rentals ami taxes, $128,037; additions and betterm ents. 579,298; W innipeg to T cte Jaune Cache. 1,094 I Fort W illiam to W innipeg .
450
balance, surplus, 598,837.— (V . 92, p. 795: V . 95, p. 1039.)
Pr’cc Rup to Skeena in v e rtin g . 10 11 Main line. Eastern Division . ..1 ,0 0 0
G E O R G I A S O U T H E R N ft F L O R I D A R Y . — (See M ap o f Southern Rj/.) —
Branch lines, say......... .......... . 5 0 0 1
Own s from Macon, Ga., to Palatka, Fla., 285 miles: on N ov. 1 1902 pur
Contract has been let for 410 miles from Tete Jaune Cache to A lderm crc,
chased A tl. V. A VV. R y ., Valdosta, Ga., to Jacksonville, Fla., 107 miles;
trackage into Jacksonville, 3 m .; total, 395 m. V. 60, p. 928; V . 79, p. 551. B. C., which places entire main line Western Division under con tract.
V
.
92, p. 956, 1238. Leases Winnipeg terminals. V. S9, p. 666.
Also owns one-eighth of stock of Jacksonville Term . Co. V. 77, p. 626.
In 1903 the stock of the Hawklnsvllle A Florida Southern R y ., W orth to
R G A N IZA T IO N .— Incorp. b y Canadian Legislature in 1903. V. 80,
Hawklnsvllle, Ga., 44 m ., was purchased, $325,000 first m tge. 5 % bonds p. O
996; V. 81. p. 1315. As to Grand Trunk Pacific Branch Lines C o., see
being guaranteed, prin. and int. V . 79, p. 2585.
V. 90, p. 1044 falso bonds below); V. 82, p. 333; V. 86, p. 1100: V . S8,
D IV ID E N D on
11892. 1898. 1899. 1900-05. 1906. 1907-N ov’ 12. p. 295, 822, 1372, 1437. In Oct. 1911 about 1,400 miles of branches were
second preferred (% ) i 2
3
3
4 yearly
4 'A
5 yearly
under constructin, of which about 5 0 0 'com pleted. V. 92, p. 881,
1238;
A fter 5 % on com m on, all stocks share equally.
V. 93, p. 1105.
B O N D S .— First mtge. of 1895 (A bstract, V. 61, p. 429) provides that the
As to option on proposed Pacific Great Eastern R y ., 450 m ., sec that co.
5684,000 first pref. stock shall be a lien second only to the bonds and coupons.
The first consol. 4s of 1902 are for the authorized am ount of $10,000,000
S T O C K .— Authorized, 545,000,000 (par of shares, $100 each), of whloh
of which $4,684,000 are issuable to retire the $4,000,000 5s and $684,000 1st the $25,000,000 com m on is owned by the Grand Trunk R y .
pref. stock and $5,316,000 are reserved for future needs. V. 75, p. 980.
B O N D S.— The Canadian Governm ent agreed to guarantee 3 % 1st mtge.
L A T E S T E A R N IN G S — /1911-12____Gross, $2,447,529; net, $549,107
bonds for an amount up to 75% of the cost of construction of the Western
12 mos., July 1 to June 30.11910-11___Gross, 2,399,398; net, 579,301
R E P O R T .— Fiscal year ends June 30. R eport for 1910-11 in V. 93, p. division, such amount (a) In the case of the Prairie Section not to exceed
1187, showed, gross, $2,399,398; oper. Income, $457,845; other Income, 513,000 per mile, or £3,210,000 in all: and (b) three-quarters of total cost
5125,628: lnt. on bonds, A c., $329,488: dlv. on stock, $88,400. In 1909-10, per mile from the mountains to Pacific Coast, called Mountain Section.
Total Issue, £14,000,000; Royal Trust C o., Canada, trustee. V. 80, p,
gross, $2,322,157. Pres., W . W . Finley, N. Y .— (V . 93, p . 1187.)
996, 1234, 1363: V. 81. p. 507, 613; V. 89, p. 224, 286; V. 91, p. 214, 276.
G E O R G I A S O U T H W E S T E R N & G U L F R R . — Projected to extend from
Decision as to guaranty by G ov't, V. 93, p. 1380, 1462.
A lbany, Ga., southwest to St. Andrews Bay, Fla., on the Gulf of M exico,
Scries " A ” (Prairie Sec.) 4 % bonds, total Issue limited to £2,100,000, and
with branch to Dawson, Ga. In Feb. 1910 acquired control of'th e Albany
A Northern R y ., extending from A lbany northeast to Cordele, 37 miles, the Series “ B” (Mountain Sec.) 4% bonds, not to exceed £2,050,000, are secured
$400,000 A lbany * Northern 5 % bonds being deposited as collateral for b y a second mtge. (National Trust C o., T oron to, trustee) on the railway,
part o f purchase price. V. 90, p. 109, 502. Stock auth., $4,000,000. In equipment and tolls of the co .. Including Its leasehold Interest In the Eastern
N ov. 1908 died a $4,000,000 mtge. to Carnegie Trust Co. of N. Y . to secure Division, but not branch lines exceeding 6 miles In length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the East. Dlv.
5 % bonds, Issuable at $20,000 per mile. For year 1911-12, gross (35 miles),
5122,051; net, $43,742; taxes, $5,372. In 1910-11, gross, $107,100; net, or of the above-m entioned branch lines of over 6 miles. These bonds are
531,889: lnt., taxes, & c., $29,067; b al., sur., $2,822. Pres., VV. M. Legg. guar, as to prin. and Int. b y the Grand Trunk R y. Co. See form in V. 80,
p. 996; also sec V. 80, p. 996: V. 86. p. 794; V. 90, p. 1165; V. 92, p. 725.
534 Wash. A v e ., Macon, Ga.; Sec.-Treas., II. J. Bruton.— (V.90, p.502.)
Although the m ortgage to secure the 3 % bonds guaranteed by the Govern
G E T T Y S B U R G & H A R R I S B U R G R Y — Carlisle to Gettysburg, P a ., 31
ment ranks before the mtges. securing A and B bonds guaranteed by the
m .; branch to Round T op , Pa., 3 m .; branch Pine Grove Furnace to H un Grand Trunk R y. of Canada, yet an agreement schedule to an A ct of 1904
ter’s R un, 8 in. (H unter’s Run A Slate Belt R R ., which was taken over provides In effect that In the event of default by the com pany for 5 years In
O ct. 3 1 1910). The Reading Co. owns $547,900 of the 5600,1)00 capital paym ent of the int. on the 3% bonds, the rem edy of the Government shall
stock; $535,000 deposited under its gen. mtge. of 1896. The consol. 5s of be to put in a manager with the concurrence of the com pany to operate the
1891 (then $215,000) were guaranteed by Phila. A Reading R R . uorecloscd ), Western Division and to collect and distribute net earnings of each particular
$250,000 having been Issued to take up the 1st 5s due O ct. t 1912 (V . 95
division pari passu between the holders of the bonds guar, by the G ovt,
p. 1039).
and the holders of the bonds guar, by the Grand Trunk R y. Co. In the pro
G I L A V A L L E Y G L O B E & N O R T H E R N R Y . — Consolidated Feb. 1 1910
portion of 75% of such earnings to the holders of the G ovt bonds and 25
with A Izona Eastern R R ., incorporated Feb. 1 1910.— (V. 90, p 447 )
to the holders of the bonds of this division guar, by the Grand Trunk R y . Co.
G O U V E R N E U R & O S W E G A T C H I E R R — Owns from Gouverneur to
In May 1909 the Dominion Government agreed to loan not exceeding
Edwards, N. Y .. 13 miles. Stock, $350,000, all owned by N. Y . Central, 510,000,000. repayable In 10 years or at any tim e on 6 m onths’ notice,
which guarantees the bonds. Sec V. 55, p. 810, and V . 56, p. 501.
Interest thereon to be 4 % , payable semi-annually, secured b y the com
G R A N D R A P I D S & I N D I A N A R Y . — (See M aps o f Pennsylvania R R .)—
pany’s bonds to the same am ount, maturing 1919, guar. prin. and Int. by
Owns from Fort W ayne, In d ., to Mackinaw City, 366 m .; branches, 64 m .; the Grand Trunk, under a mtge. on the Prairie Section, subject to existing
total ow ned, 430 miles; operates the following roads, but has not assumed prior liens. V . 88, p. 822, 1194, 1061, 1253; V. 90, i>. 1165.
the old com p a n y’s leases thereof: Cln. Richm ond A F’ t. W ayne R R ., 86 m •
Lake Superior branch bonds, total Issue limited to £1,550,000, are se
Traverse City R R . (nearly all the stock and all the incom e bonds ow ned), cured by a 1st m tge. on all the 188-mllc Lake Superior D lv. and are guaran
26 m .; Muskegon Grand Rapids A Indiana R R ., 37 m .; trackage 7 m • teed, prin. and Int., b y the Grand Trunk R y . Co. (V. 80, p. 996.)
In 1909 Acts were passed by the provinces of Saskatchewan and A lberta,
Traverse City Leelanau A Manistique R R ., Traverse City to Nortliport,’
Mich., 30 miles (incl. 6 m . trackage). See V. 74. p. 777- V 7f» n s i i • authorizing the respective provinces to guarantee, prin. and lnt., at the rate
V . 82. p. 988, 1098.
’
’ 1
’ of 513,000 per mile, first mtge. bonds to be Issued by the Grand Trunk Pacific
H IS T O R Y .— Successor A ug. 1 1896 of Railroad, foreclosed (V . 63. P .1 5 3 ). Branch Lines Co. for the construction of new lines, v iz., 670 miles In Sas
S T O C K .— S tock, $0,000,000, of which Pennsylvania Interests arc sup katchewan and 491 In Alberta, to be worked under agreement by the Grand
posed to own all or nearly all. Penn. Co. on Jan. 1 1912 owned $2,965,900. Trunk Paclflo R y . Power Is given to Issue additional bonds up to $2,000
RJ-YItLc- 1900. 1% ; 1901, 2 % : 1902 to April 1910,3% (y ly ): none since. per mile, making $15,000 per mile. V. 90. p. 1044, 1165: V. 88. 1437.
In 1912 an A ct was passed authorizing the Province of Saskatchewan to
BO N D S.— The first m tge. bonds extended at 4 )4 % are endorsed with the
guarantee, prin. and int., at the rate of $13,000 per mile o f 4 % 30-year
guaranty of the Penn. R R . Co. to purchase the coupons as they mature and
bonds, debentures, debenture stock or other securities to be Issued by the
the bond Itself at m aturity. See guaranty, V. 56, p. 649’ V 69 p 1193
Grand Trunk Pacific Saskatchewan R y. for the construction o f new lines,
pat to be completed by Dec. 31 1912 and part by Dec 31 1914. Power is
given to issue additional securities up to $2,009 per mile, making 515,000 per
tons of freight, of which 3 4% was lumber, &e., and 24% coal and coke
mile. Similar securities may be issued on additional mileage at not exceed
Year ending Dec. 31—
1911.
1910.
1909.
19()S
ing $15,000 per mile. V 94, p. 1448.
Miles operated..........................
432
433
433
430
D E B E N T U R E S T O C K .— In 1906 $25,000,000 debenture stock was au
Gross Incom e-------------------------$4,003,004 $4,125,419 $3,918,371 $3,498 148 thorized, of which $15,000,000 (£ 3 ,0 00 ,0 0 0 ), Int. guar, b y the Gr. T r. R y .
Net over expenses and taxes.
680.515
549,134
782,516
699,077 under certain conditions (sec V. 84. p. 570), to be Issued as perpetual deb.
Other income, $37,007; int. & other charges. A c.. $554,742; add’ns and stock; of this, £3.000,000 was sold In 1907 to 1909 and £1,000,000 was
betterments, $35,984; bal., sur., 5126,790.— (V. 94, p. 111!), 1178.)
ottered In Jan. 1910 at £ 9 2 V. 88, p. 624: V . 90, p. 303.
G R A N D R A P I D S ft N O R T H W E S T E R N R R . — T o extend from Grand
In 1912 was to apply for authority to Issue £5,000.000 perpetual or ter
Rapids, M ich., to Ludington, 95 miles, of which 10 m . graded In Sept. 1912
minable debenture stock, to com plete road, A c. V . 94, p . 2 0 7 .....................
S tock, com m on, $2,500,000: pref. 6 % cu m ., $500,060; par, $100. Bonds
O
F F IC E R S .— Pres., E . J. Chamberlain, Montreal, Can.; S ec., Henry
(5.>,000,000 authorized Issue), see table above. V . 86, p. 1529. Pres..
Marshall F. Butters; Treas., Geo. N . Strays; S ec., W alter S. Syrctt, Lud Philips; Treas., Frank S co tt.— (V . 94, p. 207, 911; V . 95, p. 750.)
ington, Mich. — (V . 86, p. 1529.)
GRAND TRUNK RY. OF CANADA.— (See M a p .)— Quebec, Can.,
. G R A N D T R U N K P A C I F I C R Y . — (See M a p .)— This new trans-continen
Montreal to Chic., III.; also to P ortland, Buffalo, Detroit, T oledo, A c.
tal railway across Canada has received the approval of the Canadian Govern
REPORTED SEPARATELY.
ment and will be carried through with the Joint financial support of the
SYSTEM P R O P E R .
M iles.
Governm ent and the Grand Trunk R y . Co. of Canada. It will consist of a
M ajority stock owned.
Miles
main line of an estimated length of about 3,550 miles, from M oncton, New Lines ow n ed_____ ______________ 2,952 Central V e rm o n t* ..
531
Leased— partly owned.
Brunswick, to Prince Rupert, B. C., on Pacific Ocean, about 30 miles south
Grand Trunk W estern *.. I I I . . 347
o f southern boundary of Alaska, with branch 188 miles, viz.:
Atlantic & St. Lawrence, Port
Entire stock owned.
1. Leased Line, Now Being Built by Canadian Government—
MHes.
land,M e.,to Island Pond, V t . 165 Detroit Grand Haven A M il* .. 191
Buffalo & Lake H uron............_ .
164 Tot. Sag. A Muskegon_________
Eastern D iv., M oncton, N. B ., via Quebec to W innipeg, a b ou t____1,800
90
Clncln. Sag. & M ackinaw____________ 53 Jointly owned.
(T o be leased for 50 years to Grand Trunk Pacific R y. C o.— for
Other lines_____________________ 211 Detroit & Toledo Shore L in e ..
first 7 years at cost of operating only and for remaining 43 years
79
at 3 % on cost of construction) (but see V . 80, p. 997).
Total In earnings____________ .37.545
Total road ___________________4,789
O ct ., 1912.]
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
M iles
Road
Date
Bonds
Q r a n d T r u n k R a i l w a y — ( Concluded) —
D e b e n t u r e s t o c k £ 4 , 2 7 0 , 5 7 5 ---------------------------------------------1 3.512 (1874
] 1874
C o n s o lid a t e d d e b e n t u r e s t o c k ( c o l l a t e r a l t r u s t ) c u m }
11869
S e c o n d e q u i p m t g e ( s u b l e c t t o 1 s t M I n t r u s t ) ___ c j
G r e a t W e s t e r n p e r p e t u a l d e b e n t u r e s t o c k . ................... c 836 H Var
N o r t h e r n R y t h i r d p r e f e r e n c e A fit B b o n d s _______ c l 490 % J1868
11884
D e b e n t u r e s t o c k 4 % p e r p e t u a l £ 4 2 5 , 8 5 0 --------------J
P o n t i a c O x f o r d & N o r 1 s t M $ 4 0 0 , 0 0 0 ---------- B a . c *
100 1896
N e w E n g la n d E le v 1 s t M g g u d u e $ 1 0 ,0 0 0 y e a r l y . .
1901
M o n t r e a l W a r e h o u s in g 1 s t M $ 1 , 0 0 0 , 0 0 0 g o ld g u a r .
1906
1912
C a r t r u s t s d u e $ 1 9 7 ,0 0 0 s e m l- a n r e d 1 0 2 > * ------------ B a
. . .
G ra n d T r u n k W e s te rn —
F i r s t M l n t g u g $ ( c u r ) & £ ( $ 1 0 , 0 0 0 , 0 0 0 b d s ) — F 326.5 1900
N e w m o r t g a g e a u t h $ 3 0 , 0 0 0 , 0 0 0 g u a r . p & 1 _______
1911
O r e a t N o r t h e r n — S t o c k $ 2 1 0 . 0 0 0 , 0 0 0 ___________________
S t P M & M c o n s o l m t g e l ( n o w 1 s t M ) g o l d _____C e l
2,549 1883
f o r $ 5 0 , 0 0 0 , 0 0 0 ............./ ( V 9 1 p 5 1 8 ) s i n k f u n d . . )
2,549 1883
M o n t a n a E x t 1 s t M ( $ 2 5 ,0 0 0 p m ) g o l d _____C e . c * & r
P a c if ic E x t e n s i o n M £ 6 , 0 0 0 , 0 0 0 g o l d ________C c . c * & r
C B & Q c o l t r M g ( s u b t o c a l l a t 1 0 5 ) ________G c * & r
do
do
do
r e g i s t e r e d ______ r
M i n n U n R y 1 s t m t g e g o ld a s s u m e d ...........................C e .c *
do
do
do
_____________________
E o f M i n n N o D l v M $ 9 ,7 0 0 , 0 0 0 g a s s u r e d . B a . c * & r
M o n t C e n t 1 s t M g ( $ 6 ,0 0 0 ,0 0 0 a re 6s) a s s u m .C e .c & r
W l l l m a r fit S io u x F a lls 1 s t M g a s s u m ( e n d ) - C e . c * & r
S p o k a n e F a lls fit N o r t h f i r s t m t g e g o ld a s s u m . B a . c *
G t N o r 1 s t & r e f M g r e d 1 0 5 b e g '4 1 — B a . x c * & r *
G t N o r t h R y o f C a n — S e e C a n a d ia n N o r t h Q u e b e c R y
G r e a t S o u t h e r n R R — 1 s t M $ .-.,0 0 0 ,0 0 0 g o l d . . . ...............
G r e e n B a y & W e s t e r n R R — S t o c k (s e e t e x t ) -----------------D e b e n t u r e s C la s s A In c o m e s t e x t n o n - c u m -------------c *
C la s s B In c o m e s a f t e r 5 % o n s t o c k n o n - c u m . . c *
2,549
420 1887
818 1890
1901
1901
3 1882
3 1882
285 1898
260 1887
433 1888
132 1889
7,429 1911
1908
1896
1896
. . .
Par
Value
Amount
Outstanding
£100 £4,270.375
£100 £20.371,942
£100
£373.000
£100 £2,723.080
£14,600
£322,815
1,000
$400,000
1,000
$290,000
$ or £
1,000,000
1,000
3,743,000
$& £
166
1,000
1,000
1,000
1,000
£100 &c
$1.000&c
1,000 Ac
1,000
1,000
1,000 fitc
1,000 &c
1,000
1,000
1,000 &c
1,000
100
1,000
1,000
Rate
%
When
Payable
55
Last Dividend
and Maturity
J fit J 14 Irredeemable
4
Q—J Irredeemable
J & J July 1 1919
6
Glyn, Mills, Currie fit Co
F fit A Irredeemable
London
5
A fit O Irredeemable
6
F fit A Irredeemable
4
Bankers Trust Co, N Y
6 g J fit .TJuly 1 1916
3% g ,T fit J July 1913-1941 UnSD&TrCo, Portl’d.Me
A fit O Apr 1 1936
4
Montreal or London
M fit N May’ 13-May’22
4H
5
15,000,000
4 g J & J July 1 1950
See text
209,990,750 7 In 1912 Q— F Nov 11912 1 H
13,344,000
6 g J & J July 1 1933
21,220.000
414 g J & J July 1 1933
8,569,000
4 g J & J July 1 1933
alO, 185,000
4 g J & D June 1 1937
£6,000,000
4 g J fit ,TJuly 1 1940
1$107613500 /
4 g J fie. J July 1 1921
J
Q—J July 1 1921
l 4g
2.150,000
6 g •T & ,T July 1 1922
650,000
5 g J & ,TJuly 1 1922
d9,695.000
4 g A & O 1928-1948
10,000.000 5 & 6 g J & J July 1 1937
3,625,000
5 g J & D June 1 1938
229.000
6
J
fit J July 1 1939
35,000.000
4K g J fit J July 1 1961
Bank Montreal,NY&Lon
32 Nassau St, New York
do
do
do
do
do
do
do
do
N Y & Lond, Baring Bros
J P Morgan fit Co, N Y
do
do
32 Nassau St, New York
•
do
do
32 NassauNY;Lee,H,Bos
32 Nassau St, New York
do
do
do
do
do
do
See text
Sec Sav fit Tr Co, Port,Or
5 g J fie J July 1 1928
2,500,000 5 Feb H2
Feb
Feb 7 1912 5% Office 40 Wall St. N Y
600,000 5 Feb '12
Feb
do
do
Feb 7 1912 5%
7,000,000 H Feb’ 12
Feb
Feb 7 1912 >*%
do
do
a $ 1 1 , 5 0 2 , 0 0 0 a d d i t i o n a l p le d g e d f o r P a c i f i c E x t e n s Ion bo nds
d S u b j e c t t o c a ll a t 1 0 5 a f t e r A p r i l 1 9 2 8
|
;
Car ferry, Grand Haven to Milwaukee. *Sce separate statement this Co.
Lines owned in fee.
M iles.
Lines owned in fee.
M iles.
On Sept. 30 1905 began operating Canada Atlantic Ry. and guar., prln. St. Paul to Lowell, W ash..1,790 D u lu th to L a r a m i e ___________ 3 2 5
and lnt.. Its 4% bonds. V. 79. p. 967, 1331, 1641, 2455, 2620; V.85, p. 000. Seattle to V an cou ver............... 156 S t . P a u l to G rand F o r k s _________ 3 2 4
The Southern New England Ry. was chartered In April 1910 to build from Wlllmar, Minn., to Yankton,
V ariou s b ran c h e s_________________3 ,6 2 0
So. Dak__________ ________ 2 0 5 Oper. under contract______________
Palmer, Mass., at a connection with the Central Vermont, to Providence,
18
R. I., where It Is planned to construct an extensive dock system, giving Garretson, So. Dak., to Sioux
Trackage____________________________ 3 2 4
the Grand Trunk a through line via the Central Vermont from Montreal
City, la., and O’ Neill, N e b .. 208
to Providence; road under construction In June 1912. V. 94. p. 416. In June Spokane,Wash..to Nelson, B.C. 200
T o t a l J u n e 3 0 1 9 1 1 .......................7 .5 2 1
1912 a law was passed granting authority to build from Windsor, Vt., to Pacific Jet., Mont., to Butte__ 351 2 d , & c ., tra ck s an d sid in g s--------2 .0 3 4
Boston, &c. V. 91, p. 154; V. 90, p. 447, 1044: V. 94, p. 416, 1385, 1626.
O w n s, Jointly w ith N orth ern P acific, th e S p ok an e P ortlan d & S ea ttle R y . .
In Nov. 1911 trackage rights were arranged for over the Tcmiskaining fit 55 1 m iles. V . 8 5 , p . 1 2 7 3 ; V . 8 6 , p . 1 5 2 9 . D u ring 1 9 1 1 -1 2 51 m iles w ere
Northern Ontario R y., extending from North Bay, Ont., on Lake Nlpisslng, op en ed an d 4 3 8 m iles o f e x te n sion s w ere In p rogress, In clud ing one fro m
northerly to Cochrane, 252 miles, with privilege of renewal for 25 years F a r g o , N . D . , to S u rrey , 2 2 5 m iles, open ed S e p t. 1 1 9 1 2 ; 8 m . open ed A u g .
on terms to be agreed upon and option of renewal for further 25 years. The and 41 m . O c t. 1 1 9 1 2 . V . 9 3 . n . I l l ; V . 9 5 . p . 6 1 8 , 1 0 5 0 .
Grand Trunk assumes an equitable share of the general maintenance and
In D e c . 1 9 0 8 C hic. B u rl. & Q u in c y (Jointly held) acqu ired con trol o f C o lo .
pays $300,000 yearly, this sum representing one-half of the Interest on the & S o u th e r n . V . 8 7 . p . 1 6 6 4 . In 1 9 0 9 arranged to use J ointly th e N orth ern
total cost of construction; also 414 % on one-half of expenditures for better P acific lin e, S ou th T a c o m a to V a n c o u v e r , W a s h ., 13 5 m iles. V . 8 8 , p . 1 3 7 2 .
ments. V. 93, p. 1462; V. 94, p. 1246.
C ontrols S p ok an e & In lan d E m p ire (E lectric) R R . , 2 4 7 .m
S ee "E le c t r ic
In 1911 authority was given to acquire Montreal fit Southern Counties R y . S e c tio n .”
(Electric) R y., Issue additional consol, deb. stock, &c. V. 91. p. 1025,
In
1
9
1
2
th
e
M
id
lan
d
R
y
.
of
M
a
n
ito
b
a
,
form
ed
In
th
e
Joint
Interest
1095; V. 92, p. 1237. The Grand Trunk Act of 1912 permits the company to
purchase bonds or guarantee securities of Grand Trunk Western Ry. or other o f th e c o m p a n y an d th e N orthern P acific R y ., ob tained tra ck age right®
from
th
e
C
anad
ian
N
orth
ern
R
y
.
b
etw
een
E
m
e
rso
n
,
M
a
n
.,
an
d
W
in
n ip eg *
companies, &c., and to Issue further consolidated debenture stock bearing
not exceeding 4% Interest to an amount the Interest upon which shall not 6 8 m iles, for 2 0 y e a rs, w ith p rovision fo i 9 9 9 y e a rs. V . 9 5 . p . 2 3 6 .
exceed £250,000. V. 94, p. 207, 1246.
O R G A N I Z A T I O N .— In 1 9 0 7 -0 8 ab sorb ed S t. P au l M in n . & M a n . an d
In April 1912 about 31,000 acres of coal lands In Belmont Co., Ohio, were
acquired from the Rail & River Coal Co. by a syndicate of Canadians Iden other road s theretofore c o n tro lle d . V . 8 5 , p . 6 0 0 , 1 2 0 9 ; V . 8 6 , p . 1 6 8 , 7 9 4 .
tified with the Grand Trunk and Canadian Pacific, the output to be mostly
S T O C K .— In 1 8 9 8 surrendered th e righ t to Issue c o m m o n s to c k , all sto ck
used by those roads. V. 93, p. 1786; V. 94, p. 1119; V. 95, p. 297.
b ein g " o f a single class w ith uniform righ ts an d p r iv ile g e s ."
S tock h old ers
In Nov. 1911 sold £1,250,000 4% guaranteed stock. Increasing amount in 19 07 su bscrib ed for $ 6 0 ,0 0 0 ,0 0 0 at p a r. V . 8 3 , p . 1 4 6 9 ; V . 8 4 , p . 7 4 9 .
outstanding to £11,840,555. V. 93, p. 1386. In April 1912 sold $3,940,000
414% car trust notes maturing $197,000 semi-annually. V. 94. p. 1185,1246.
D I V I D E N D S . - ! ’ 9 2 t o ’ 9 6 (Incl.) ‘ 9 7 . ’ 9 8 . ’ 9 9 . ’0 0 . ’ 0 1 . 1 9 0 2 t o N o v . ’ 1 2 .
G reat N o r t h e r n ./
5 % y e a rly
514 614
7
7
7
7 % y e a r ly , Q - F
STOCK, &c.— The authorized capital on Dec. 31 1911 was £48,936,364
A ls o In 1 8 9 8 5 0 % In S ea ttle & M o n t, sto c k , w hich w as th e n exch anged
stock (£47,434,602 Issued and £1,501,762 unissued); advances from Cana
dian Govt. In aid of construction amount to £3,111,500. Perpetual consol. for 4 0 % In G t . N o r . p ref. V . 6 6 , p . 1 0 4 4 . 1 1 8 8 ; V . 7 4 , p . 8 2 9 . In M a y .
4% deb. stock auth. by Act o f 1882, and later Acts, has been Issued from 1 9 0 1 , > 4 % and In N o v . 1 9 0 7 1 1 4 % w as p aid from earnings o f L a k e S uperior
time to time to acquire securities of companies consolidated and controlled, C o . V . 8 5 . p . 9 2 1 ,1 4 0 5 . A n d In D e c . 1 9 0 6 , u n it for u n it, 1 ,5 0 0 ,0 0 0 shares
amounting Dec. 31 1911 to £9,807,923, and bearing an annual Interest of o f beneficial in terest In th e iron ore p roperties. See “ G eneral F in a n c e s .”
£496,686. V. 71. p.84: V.88, p.822,1194; V .82 .p .6 92;V .86,p .602.1100.
B O N D S .— S t . P au l M in n . fit M a n . consol, mtge. o f 1 8 8 3 , fo r $ 5 0 ,0 0 0 ,0 0 0 ,
In April 1912 £1,500,000 perpetual consol, deb. stock was Issued, raising Is n ow a first Hen od b oth land gran t an d 2 ,5 4 9 m iles o f r o a d . V . 9 1 , p . 5 1 8 ;
amount out to £20,371,942. V. 94, p. 1119, 1763.
V . 6 4 , p . 51 8: V . 8 6 , p. 229; V . 87 , p. 1533: V . 88 . p . 29 5. 6 2 4 , 1061. 1372.
Station Co. bonds, V. 82, p. 452. Montreal Warehousing guaranteed Montana Extension m tg e . Is lim ite d to $ 1 0 ,1 8 5 ,0 0 0 . A b s tr a c t, V . 4 5 , p .3 4 2 .
bonds, V. 83, p. 37. Grand Trunk Pacific Devel. Co., V. 86. p. 1042; V.
Pacific Extension m t g e ., £ 6 ,0 0 0 ,0 0 0 . a t £ 6 ,0 0 0 per m ile In M o n ta n a a n d
90, p. 306; V. 91, p. 1449; V. 92, p. 1238; V. 93, p. 1107.
£ 7 ,0 0 0 per m ile w est of M o n ta n a .
V . 6 6 , p . 1044, 1188: V . 8 0 , p . 11 11 ,
1174; V . 90 . p . 3 0 3 .
See a b stra c t of m t g e ., V . 5 2 . p . 8 2 .
DIVS.—
’99. ’00. ’01. ’02. ’03. '04. ’05. ’06. ’07. '08. ’09. ’ 10. ’ l l .
In 1 9 0 4 the G t . N o r th , an d N o r . P a c . h ad acquired $ 1 0 7 ,6 1 2 ,6 0 0 o f th e
First p r e f ..% 5
5
5
5
5 5
5 5 5
5 5
5
5
$ 1 1 0 ,8 3 9 ,1 0 0 C hicago B u r l. fit Q u in c y R R . sto c k , in ex ch an ge for th eir
4 5
5
5
5
5
5
214 5 5
5
2d pref----- % 3 « 3
jo in t 2 0 -y e a r 4 % gold b o n d s, secured b y th e d ep osit o f th e sto ck In tr u s t,
3d pref— %J 0 0 0
1
2 0 2 3 3 0 0
>4114
on
basis o f $ 2 0 0 In b on d s for each $ 1 0 0 sto c k .
S ee circu lar, V . 7 2 , p . 8 7 1 ,
EARNINGS.— 2 mos., J1912.........Gross, $7,644,785; net, $2,169,973
1 0 3 4 . 1 1 3 5 . and ap p lication to list, V . 7 3 . p . 2 9 4 , 9 0 3 : V . 8 5 , p . 6 0 0 .
July 1 to Aug. 31.
\1911--------Gross, 6,884,881; net, 1,764,359
Eastern Ry. of Minnesota.— N o r . D lv . m t g e . o f 1 8 9 8 lim ite d to $ 9 ,7 0 0 ,0 0 0 ,
For half-year ending June 30 1912, gross,(partly cst.), £3,834,300: net, are r ed . a t 10 5 after A p ril 1 1 9 2 8 . V . 6 0 , p . 4 7 1 ; V . 8 8 , p . 1 0 0 2 , 1 2 5 3 .
£1,041,000, agst. £932,977; net charges, £547,400; advances, £103,500;
T h e Wlllmar & Sioux. Falls b on d s are gu a ra n tee d .
V . 56 , p. 247.
dlv. (2 % ),on guar, stock, £239.800; on 1st pref. (214%), £85,400; on 2d
T h e " first and rejunding" 50-1 tear bonds ( $ 6 0 0 ,0 0 0 ,0 0 0 a u t h . Issu e), o f
pref. (214%), £63,200; adding £6,800 on hand Dec. 31 1911, leaves balance w hich $ 2 0 ,0 0 0 ,0 0 0 4 M s w ere sold In M a y 1 9 1 1 . are secu red b y first Hen,
to carry forward June 30 1912, £8,500. V. 95, p. 419.
d irectly or through d ep osit o f sto ck , on 2 ,6 3 7 .2 5 m iles o f road a t th e r a te
REPORT.— Statement for 1911 was In V. 94, p. 1246.
o f $17| 070 per m ile, an d b y a general Hen (su b je ct to ex istin g Hens a t t h e
rate o f $ 2 2 ,8 2 2 per m ile on 4 .7 9 1 .4 2 m iles, m a k in g th e to ta l m ileage c o v
Years end. Dec. 31—
1911.
1910.
1909.
1908.
ered 7 ,4 2 8 .6 7 : also b y stan d ard e q u ip m en t c ostin g $ 5 9 ,0 7 3 ,1 8 0 , u p on $ 4 6 .
Gross earnings............... £7,696,957 £7,021,535 £6,499,371 £6,180,945
Transportation expenses 5,739,076
5,246,752
4,832,340
4,476,775 2 0 0 ,0 6 8 o f which It Is a first lien. See V . 9 2 , p . 1 4 9 9 ; V . 9 3 . p . 8 7 1 .
Provisions Respecting Issuance of the $ 6 0 0 ,0 0 0 ,0 0 0 Bonds Authorized.
Net earnings................ £1,957,881 £1,774,783 £1.667,031 £1,704,170
Total net Income_____£2,277,430 £2.128,222 £2,000,800 £1,999.984 S old for p res, p u rp oses, $ 3 5 ,0 0 0 ,0 0 0 : held In t r e a s .,$ 1 0 .0 0 0 ,0 0 0 -$ 4 5 ,0 0 ( ) ,0 0 0 Deduct— Rentals----£155,206
£155,206
£155,206 R eserved to retire e x istin g ob lig a tio n s. Including th e $ 2 2 2 ,4 0 0 ,
£155,206
0 0 0 a u th . Issue o f N orth ern P a c ific-G rea t N orth ern Joint 4 s ,
ln t. on bds. & deb. stock 1,163,065
1.110,770
1,082,974
1,067,127
A d v. to controlled roads
129,273
d u e 1 9 2 1 , o f w hich $ 7 ,1 7 3 ,0 0 0 h a v e n o t y e t been issued (no
129.121
155,704
72,154
Dividends on guar, stock (4)427,430
ad dition al b o n d s, n o t provided for In th e m o r tg a g e , are t o be
(4)
402,775
(4)
382,463
(4)
393,600
do
1st pref. stock (5)170,841
Issued or u n d erlyin g b on d s e x te n d e d ).............. ............... ................- .3 3 2 , 1 6 2 , 0 0 0
(5)
170,841
(5)
170,841
(5) 170,841
do
2d pref. stock (5)126,420
(5) 126,420 (5) 126,420 (214)63,210 R e served for general corporate p u rp oses, acqu isition o f n ew
lin es, & c ., and p u rch ase o f sto ck s an d b onds o f oth er c o s ------- 1 2 2 ,8 3 8 ,0 0 0 do
3d pref s to ck (l 14) 107.469 (14)35.823
Ralance...... ............... def.£2,274 def.£2.734
def.£387 sur.£5.473
OFFICERS.— Pres., E. J. Chamberlin; Chinn, of Board, Alfred W.
Smlthcrs— (V. 94, p. 1449, 1626, 1763; V. 95, p. I l l , 297, 119.)
GRAND TRUNK WESTERN RY.— (See M a p Grand Trunk R y.)— Owns
from Port Huron, Mich., to Chic. & West. Ind. R R ., at Chicago, 330 m.;
leases Chic. Kalamazoo fit Saginaw, 9.57 m.; Chic. fit Kalamazoo Terminal,
1.73 m.; trackage Chic. & West. Ind., 5 m.; total, 347 m. Stock, $6,000,
000, all owned by Grand Trunk. V. 69. p. 954; V. 71, p. 28.
BONDS.— The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s. The Incomes were called for payment on Dec. 1 1910 at 85 and
any lnt. then due. V. 90. p. 1239. Jointly with Toledo St. Louis fit West,
guarantees Det. & Toledo Shore Line bonds. V.76. p. 653: V. 89, p. 141 I .
In March 1911 authority was granted to make a new mtge. for $30,000,000
to extend and Improve the road and provide for purchase of the Pontiac
Oxford & Northern R R ., Pontiac to Casevlllc, Mich., 100 miles, held In
Interest of company. Grand Trunk Ry. will guarantee principal and Inter
est. V. 92. p. 705, 1108. 1242, 1436; V. 93. p.1323.
E A R N I N G S .— 12 m o s ., 1 1 9 1 1 -1 2 . . . G r o s s ,
J u ly l t o .J u n c 3 0 .
1 1 9 1 0 -1 1 . . . G r o s s ,
$ 6 ,6 6 6 ,8 0 4 ;
6 ,3 3 9 ,1 1 2 ;
n et. $ 1 ,4 1 9 ,3 6 6
n e t,
1 .2 0 5 ,2 8 1
Year ending June 30 1911, gross, $6,339,112; net. $1,205,281; other In
come, $302,141; charges, $1,082,008; add’ns and Imp’ts, $2,554; deficit,
$177,140.— (V. 92, p. 795, 1108, 1242, 1436; V 93, p. 1323.)
GREAT NORTHERN RY.— (See M a p s .)— Operates a line from St. Paul
Minn., via Spokane, Wash., to Lowell, Wash., on the Pacific Coast, with
coast line to Seattle, and numerous branches In Minnesota, Nebraska, North
and South Dakota, Montana. Washington, Manitoba and British Columbia.
R e served for th e acqu isition an d c on stru ction o f n ew lin es, ter
m in a ls, & c ., a t n o t ex ceed in g $ 3 ,0 0 0 ,0 0 0 In a n y c a l. y e a r — 1 0 0 ,0 0 0 ,0 0 0
G E N E R A L F I N A N C E S .— T o ta l fu n d ed d eb t per m ile o f road ( 7 ,1 7 7 m . l
In the h and s o f th e p u b lic Jun e 3 0 1 9 1 2 , $ 2 0 ,0 2 9 ; s to c k , $ 2 9 ,2 5 7 .
Tra
lo a d , 1 9 1 1 -1 2 , 601 to n s, again st 5 2 3 In 1 9 1 0 -1 1 .
T h e U . S S teel C o. late In 1911 ( V . 9 3 , p . 119) a n n ou n ced Its In tentlo
to cancel th e lease o f th e ore lan ds rep resented b y th e tru st certificates Is
sued In 1 9 0 6 .
S ee G reat N o rth e rn Iro n O re P rop ertie s u n d er "I n d u s t r ’ l s . "
EARNINGS.— 2 mos., J1912______Gross. $13,344,997; net, $5,824,196
Ju ly 1 to A u g . 3 1 .
1 1 9 1 1 ------------G ross,
1 1 ,7 4 6 .8 6 8 ; n e t,
5 ,4 1 0 .1 7 6
R E P O R T .— F o r 1 9 1 1 -1 2 , V . 9 5 , p . 1 0 3 6 , 1 0 4 6 .
E d ito r ia l, p . 1 0 1 1 .
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
A v e r a g e m iles o p e r a te d _________________
7 ,3 6 9
7 ,2 4 4
7 ,0 2 0
P assenger e a r n in g s ...................
$ 1 3 ,6 2 3 ,0 0 9 $ 1 3 ,4 2 2 ,0 5 7 $ 1 4 ,3 1 1 ,8 0 0
4 7 .8 7 7 ,3 6 9
4 3 ,3 7 9 ,1 7 4 4 6 ,6 7 5 ,7 3 4
F reight ..........
M a ll, ex p ress, & c ___ ____________________
4 ,4 1 7 ,7 2 9
4 ,1 7 3 ,7 3 5
3 .2 1 4 ,9 3 4
O ther than tra n sp o rta tio n ...........................
2 7 9 .7 1 2
2 8 2 .6 6 7
2 6 2 ,9 0 2
G
N et
Gross
R e n ta ls paid, & c
B o n d Interest accru ed _________________
K o o t . R y . & N a v . d e b .. Int g u a r ------D e p re c'n o f ste a m sh ip s------------------------D ivid en d s on stock ( 7 % ) ..............................
B a la n ce , su rp lu s-------
1 4 ,6 9 8 .9 8 2
$6,205,273
1 4 ,6 9 8 ,5 9 0
1 4 .6 9 8 .6 6 3
$2,818,338
$3,093,161
DAWSON
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RAILWAY STOCKS AND BONDS
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GRAND TRUNK PACIFIC
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RAILWAY STOCKS AND BONDS
laylordj
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RAILWAY STOCKS AND BONDS.
[Vol. i - x x x x v .
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High River I
., 1 9 1 2 .]
,
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CAN.
Rowell
9’itanafan
Kaslo
Nertb Bern
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J
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Lethbridge
NELSON,
V\Stirling
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PLENTYWOOD
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Antelope
Orummoai
Florence
BCND
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Musselshell
Olden'
Big Horn,
Miles City^
nor.
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Salmon City
Red Lodge,
>Mammoth Hot Sprs.
f Bonanza City0
YELLOWSTONE
hNA^IONAL
^ \ i 'e U o w $ i o i i e ~ L a k e
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Wntarii
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RAILWAY STOCKS AND BONDS,
H 4 V b•
UfMARCUSlJ
(gS'KtPUOLIC
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GREAT NORTHERN
R A IL W A Y
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(W E S T E R N
S E C T IO N )
loshone Jc.
American
Pocatello
Powder River
Casper
Ii\wXord
Cr»
O
60
[VOL.
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
J & D J u n e l9 1912 3%
6
$200,000
$100
Oreene RR (New York)— S tock ................
..................
J
& J June 1 1942
460,000
5 g
1912
500
Greenville & K noxville R y— First mtge red te x t---------& J Jan 1 1924
4 g
J
400.000
1,000
21 1904
Greenwich & Johnsonville— 1st M $500,000 g .G .o& r
J
& J Jan 1 1939
437,000
5 g
21 1909
Groveton Lufkin & Northern Ry— 1st M gold ------------M & N 15 N ov 15 1929
600,000
6 g
86.7 1909
Guantanam o & W estern —1st Si $600,000 gold — CK
Gulf Beaumont & K C— See A tch Topeka & Santa Fe
J & J July 1 1961
5 g
1,600.000
83 1911
Gulf Fla & Ala— 1st M$10,000,000g red l0 5-C K .o*& r*
M & S Sept 1937
5 g
1,000 See text
32 1907
Gulf Line— First m ortgage $1,000,000 gold ................
M & S15 Sept 15 1928
300,000
5 g
1,000
37 1908
Gulf & Sabine Valley— 1st M $300,000 g old ..................
Jan 15 1912 1%
6,750,000 See text
Q -J
100
Gulf & Ship Island— S tock ___________________________
J & J Feb 11952
5 g
4,984,000
307 1902 1,000 &c
First refund and term M gold sink fun d_-N .o*x& r*
A & O April ’ 13-’ 17
6 g
1,000,000
1,000
307 1911
• Gen & ref M gold, $200,000 due yrly red 1 0 3 .-Mnc*
& J Jan 1 1957
4 g
J
600,000
1907
1,000
Gulf Term , M obile— 1st M $700,000 g gu (t e x t ). c* &r*
M & N N ov 11939
5 g
1,529,000
1,000
75 1909
Gulf Texas & W est— 1st M $10,000,000 g red 105-M p
J & D 30 1955
5 g
1905
(?)
£100
Halifax & Eastern— First m ortgage red ------------- - - -
& J July 1 1934
J
5 g
600,000
38 1909
500
Hampshire Southern— First mtge $700,000 g — F.c*
Hancock & Calumet— See Mineral Range R R
Hannibal & St Joseph— See Chicago Burlington & Qul ncy
,T & J Jan 1 1916
300.000
6 g
20 1895
100 &c
Harriman & Northeastern— First m ortgage gold
Ce
& >TJuly 10 '12, 4%
53
1,182.550 7 X ln’ 12 J
50
Harrisburg Portsm outh Mt Joy & Lane— Stock 7 % gu
4
J
& J July 1 1913
700,000
53 1853
500 &c
First M (extended In 1883) gu p & I Pa R R — GP.r
2
F
&
A 31 Aug 31 1912 1%
124
2,965.500
100
Hartford & Connecticut W estern— S t o c k .-------- --------J
& .1 July 1 1923
124 1883
700,000
1,000
4X
First m ortgage extended In gold In 1903------------- - A & O 1952
44 1902
325,000
5 g
1,000
H awkinsv & FI So— 1st M $400,000 gold guar p & 1
Henderson Bridge Co— See Louisville & Nashville R R
A A O Oct 10 ’ 12 I X
4 Yx
3
100
200,000
Hibernia Mine R R — S tock ------------------- - - - - - - - - -
S e p t3 0 ’ 121»4%
100 11,000,000 See text.
Q -J
H ocking Valley R y— Stock com m on to be $26,000,000
A A O Oct 1 1948
76 1867
1,401,000
4 g
500 &c
Columbus & H ocking Valley first m tge g o l d ..
c*
F A A A ug 1 1955
118 1875
4 g
1.000
2,441,000
Col & T ol 1st M gold ext 1905 (V 81 p 2 1 1 )-.-S .o
& .1 July 1 1999
346 1899 1,000 &c 16.041.000
414 g J
First consolidated m ortgage $20,000,000 g o ld — Ce
1911
4,000.000
1,000
414 g M & N N ov 1 1913
T w o-year gold notes red par beg N ov 1912------ --E q
F & A Feb ’ 13-Feb’ 17
197,000
4
1907
1.000
Equip notes gold Ser A due $23,000 s-a ------------Usm
F & A 15 T o Feb 15 1917
432,000
1907
1,000
do
do
Ser B due $48,000 s-a.....................
A & O T o Apr 1 1917
333,000
1907
1,000
do
do
Ser C due $37,000 s-a -----------------F & A Feb ’ 13-Aug’ 17
250,000
1907
1,000
do
do
Ser E due $25,000 s-a .....................
g F & A 15 T o Feb 15 1918
275,000
1,000
do
do
Ser I of 1908 due $25,000 s-aG.xc"
1908
Bonds of coal com panies guaranteed— See Sunday Creek Co und er "In d u strlals”
4
4
4
4
LXXXXV
Places Where Interest and
Dividends are Payable
D L & W , 90 W est St
Guaranty Trust Co. N Y
111 T r & Sav Bk or o ff, Cb
Colum -K nlck Trust Co
Colum bla-Knlck Co, N Y
Trcas office, St L , M o
Buffalo, N Y
M etropolitan Tr Co, N Y
do
do
Franklin Trust Co, N Y
Metropolitan Tr Co, N Y
Farmers’ L & T Co, N Y
Central Trust Co, N Y
Com pany’s office, Phlla
do
do
H artford
do
Union S B & Tr Co. C1d
do
do
do
do
do
do
71 B roadw ay, N Y
U S M & Tr Co, N Y
Lincoln Trust Co, N Y
Merch L & Tr Co, Chlo
Empire Trust Co. N Y
Guaranty Trust Co, N Y
E A R N I N G S — 2 m o s.,11912___________ Gross, $335,707; net, $119,829
O F F IC E R S .— Chairman, Louis W . Hill, St. Paul; Pres., Carl R . Gray,
July 1 to A ug. 31. 11911___________ Gross, 322,288; net,
99.419
S t. Paul- V .-P ., R . I. Farrington, Richard A . Jackson, W . P. Kennedy,
J M Gruber: V .-P . & Treas., E . T . Nichols, N . Y .; A sst. Treas. & Sec.,
R E P O R T .— R eport for year ending June 30 1911 In V . 93, p. 1102.
L . E . Katzenbach, St. Paul; A sst. Sec. & A sst. Treas., N . Terhune. N . Y .
Year—
Gross.
Net.
Other In c,
Charges.
Balance.
1911-12_______ $1,982,740
$566,021
$12,886
$374,336
8204,570
office, 32 Nassau St.
__
T_ _
.
_ ,
Directors— J. J . Hill, Frederick Weyerhaeuser, W m . II. Dunwoody, Carl 1910-11............. 2.006,790
634,614
12,698
3o8,345
288,967
R Grav. R . A . Jackson, Samuel Thorne, Louis W . Hill, W m . B . Dean,
Dividends (2 % ) paid during 1911-12, $135,000, against $270 ,0 0 0 (4 % )ln
E . T . Nichols. — (V . 95, p. 47, 236, 619, 679, 968, 1036, 1046.)
1910-11. Pres., J. T . Jones, Buffalo, N . Y .—-V. 95, p. 968.)
GREAT SOUTHERN RR.— See page 141.
GULF TERMINAL CO.. M O BILE.— Owns union passenger station and
GREEN BAY & WESTERN RR.— R oad owned from Green B ay, W Is., approaches at Mobile, A la ., leased b y the Southern R y . and Mobile & Ohio
to Marshland, W Is., 209 miles, branches, 13 m .; trackage to W inona, 4 m . R R .w hich own the stock and guarantee the b on d s,jo in tly and severally,
S E C U R IT IE S .— There are no fixed charges on the property other than p. & I., b y end. Franklin Trust C o., N . Y ., is m tge. trustee.— V . 84, p . 50.
taxes, nor can any be placed thereon or the property be sold or leased
GULF TEXAS & WESTERN RY.— P rojected from Burr’s Ferry to
without consent of 75% of stock. Class A debentures are entitled to 2 X %
Beniam in, T e x .. 475 miles. Completed Jacksboro to Seym our, 75.6 m .
Interest, If earned, then com m on stock to 2 14 % , then the tw o share ratably, Stock autn., $500,000; outstanding'July 1911. $275,045; p a rof shares, $100.
but after 5% on both , class B Is entitled to all surplus earns. V . 61, p. 471. Of the first 5s ($10,000,000 auth. Issue), $1,529,000 have been Issued on the
D IV S .—
’98. ’99. ’00. ’01. ’02-’04. ’05-’07. ’08. ’09. ’ 10. ’ l l . ’ 12.
first 75 miles. V . 89. p. 993, 1223: V. 90, p. 109; V . 93. p. 44. Loans and.
Class’ ‘A ” debs % 2 H 2 H 2 H 3
4 y ’ ly 5 y 'ly
6
5
5
5 5
bills payable June 30 1912, $338,675. Year ending June 30 1912. (75.6
. 1>4 2>4 3
4 y ’ly 5 y ’ly
5
5
5
5 5
S t o c k _______ %
miles), gross, $51,425; op . d el.. $38,058: other Incone, $2,668; taxes. $7,287;
lnt. on bonds, $76,450: bal., d ef., $119,127. Pres., J . J. Jcrm yn, S cranton.
C1EARNINGSV— 12 m os.,[ l 91 f - 1 2 .. 7 . 7 - Gross'.' $725,276; net. 5244,485 Pa.; V .-P . and Gen. Mgr., Ben. B . Cain, Dallas, T e x .; Sec. & T rea s., W ,
July 1 to June 30.
11910-11............Gross, 638.785; net,
198,589
Frank K nox, Dallas, T e x .— (V . 93, p. 44.)
R E P O R T for year ending Dec. 31 1911 In. V . 94, p. 908.
_ .
o
HAMPDEN RR. CORPORATION — Under construction from S pring'
Cal.
Gross
Net after
Div. on
Dividend
DJ v; ° n„
0 Balance,
Year. Earns.
Taxes. Deb. " A . "
on Stock.
D e b ." B .
Sur. or Def. field, Mas3.( to BondsvlUe, to be com pleted b y end of 1912, with a branch
to
H olyoke, a total of 30 miles. Stock outstanding, $1,000,000. In corp .
1911 $660,484 $197,820 (5)$30,000 (5)$125,000 (>4)$35,000 sur.$7,820
1 91 0 - . 659,561 177,100 (5)30.000 (5)125,0(K) (14)35.000 deL12.900 July 1910. The Boston & Maine stockholders on Oct. 11 1911 authorized a
D IR E C T O R S .— S. S. Palmer. Pres.; Charles W . C ox, Sec. and Treas., 99-year lease of the road when com pleted, the rental to provide for lnt. on
debt and 5 % on stock; V . 93, p. 1021; V . 92, p. 1242. In Jan. 1912 sold
40 W all S t.; C. Ledyard Blair. J. A . Jordan, W . J. W ilson.— (V .94, p. 908.)
$1,000,000 one-year notes due Jan. 1913, part of an Issue of $1,400,000, lnt.
GREENE RR — Owns road from Chenango Forks to Greene, N. Y ., 8 discounted
In advance. V. 9 4 ,p .207, 279.—-(V .93,p.1021; V .94,p .207, 279.)
miles " Leased to Delaware Lack. & W estern for term of charter for 6 % on
stock. S tock, $200,000: par. $100. D. L . & W . owns $200,000 7 % bonds. ^HAM PSHIRE SOUTHERN RR.— See page 141.
HARRIMAN & NORTHEASTERN R R .— Harriman to P etros. Tenn . 20
GREENVILLE & KNOXVILLE RR.— See page 141.
In Jan. 1903 entire ($600,000) stock acquired In Interest of Cine
GREENWICH & JOHNSONVILLE RY.— Owns from Schuylervllle. N .Y .. miles.
New Orleans & T ex. Pao. R y ., but Is operated separately. V . 76. p .. l o t .
to Johnsonville, N . Y . , 21 m . Stock, $225,000. all owned b y Del. & Hud
D IV ID E N D S .— In 1907, 4 % : 1908, 2 H % ; 1909. 2 % . Year to June 30
son Co. V . 90, p .7 9 0 . Bonds, see table above. For year ending June 30 1912, gross. $118,166; net, $56,908; taxes, $5,400. In 1910-11, gross,
1912, gross, $117,879; net, $51,647; charges, $30,431; dlvs. (6 % ), $13,500: $119,326; net, $54,492; other Income, $777: lnt., taxes. & c., $28,459: bal.,
b a l., sur., $7,715. Pres., I. C. Blandy, Greenwich, N. Y .— (V . 86, p.1224.)
sur., $26,811.— (V . 76, p. 212.)
GROVETON LUFKIN & NORTHERN R Y — See page 141.
HARTFORD & CONNECTICUT WESTERN RY.— H artford. C onn., to
GUANTANAMO & WESTERN RR.— Owns from B oqueron at Granadlllo Rhlnecllff, N. Y ., 110 miles, and branch, 14 miles. Leased till A ug. 1940
Bay on south coast of Cuba, via San Justo and La M aya to San Luis, with to Central New England R y . (now controlled b y New Y ork New H aven &
branches to various sugar mills; total mileage. 86.90 miles. Incorporated
H artford R R ) , the rental paying charges and 2 % per annum on the stock,
In Maine Sept. 1909 and took over March 1 1910 per plan (V . 88. p. 294) the o f which $1,640,000 owned b y lessee.— (V . 83, p. 213, 1290.)
Cuba Eastern R R ., Northeastern Cuba R R ., Cuba Eastern Terminals Co.
• HAVANA TERMINAL R R — V. 92. p. 594.
and Eastern R R . of Cuba, foreclosed A ug. 1909. Controlled b y Guanta
HAWKINSVILLE & FLORIDA SOUTHERN RY.— W orth to H awklnsnam o & W estern . Stockholders’ syndicate Incorporated In Maine Dec.
vllle,
Ga., 44 miles. Leased May 1 1907 to Gulf Lino R y . until April 1 1952,
1911 with $450,000 stock. V . 93, p. 1725.
Stock authorized and Issued, com m on, $2,750,000; 1st pref. 7 % non-cum ., with option of purchase. V . 84, p. 1247. Stock, $100,000, acquired In
S2 750 000. and 2d p ref.5 % non-cum ., $250,000: par of all shares, $100 each. April 1904 b y Georgia Southern & Florida, which guarantees bonds (see
table a bove), principal and Interest. Year ending June 30 1907, gross,
E A R N IN G S .— For year ending June 30 1911, $331,819: net, $14,504.
D IR E C T O R S .— F . Q. Brown (Chairman), R obert Selden Huse (Pres.), $55,174; net, $8,247; total dcd uc., $13,542; bal., d ef., $5,295. Pres., J . B .
William Barbour (V lce-P res.), D. II. Thomas (Sec. and Treas.), F. C. W al Munson; Treas., W . P . H opper, M acon, G a.— (V . 84, p. 1247.)
co tt I M cD . Garfield, W . Harris R oom e, I. H . Lehm an. P. Chauncey
HIBERNIA .MINE RR.— Owns Rookaway to Hibernia Mines, N . J ..
Anderson. N. Y . office. 31 Pine S t.— (V. 89, p. 1069; V . 93, p. 1725, 1786.) 44S m ., leased to Cent, of N. J. to O ct. 1930 at $6,000 y ly .— (V .91,p.1766.)
GUAYAQUIL & QUITO RY.— See Issue of April 1911, V . 95, p. 818.
HOCKING VALLEY RY. — The com pany’s main line extends from
GULF FLORIDA & ALABAMA RY.— Owns from Pensacola, Fla., to Rockwell to Columbus, 120 miles: Columbus to Athens, 76 m ,; Logan to
L ocal, A la ., 72 miles; Gateswood Jet. to Gateswood, 11 miles; sidings, 7 m .; Pom eroy, 83 m .; total main line, 279 miles, with trackage (Penn. R R . systotal, 90 miles. Under construction to Pine II111, 70 miles. Piers, & c., In t e ^ T oledo to W albrldgo. 5.5 m .: (L . S & M S. R y . T oledo to R ockw ell
Pensacola. An extension of 20 miles Is under construction, also 18 miles 2.5 m .; (P . C. C. & St. L . R y.) Columbus, O ., 5 m .; total main line and
from Cantonment to Pensacola. Extensions are projected so as to com plete trackage, 287.5 miles. Branches, 46 in.; leases W . & J. B. R y ., Dundas to
a direct line from Pensacola. Fla., to the coal and mineral territory of North Jackson, 17.5 m .: total, 350 mIlcs:second track. 50 miles.
ern Alabama, a total of 265 miles, with 33 miles of branches. V . 93, p.
H IS T O R Y . & c.— Successor Feb. 25 1899, per plan V . 68, p. 231, of
1259, 163: V . 95, n. 419.
Columbus Hocking Valley & Toledo R y. foreclosed, rh e coal lands aggre
A uth. stk., $1,500,000 5 % non-cum . p f.; $6,000,000 com .; par,’’$100.
gate about 20.975 acres, and are covered b y the consolidated m ortgage.
B O N D S .— Of the 1st 5s ($10,000,000 auth. Issue) $7,500,000 are Issuable
S T O C K .— The $15,000,000 pref. stock was paid off at par about $10,000.
for main line and terminals, at not over $20,000 per mile: $500,000 for 000 therefor being provided by the sale of the holdings In T ol. & Ohio Central
terminals, &o.. In Pensacola; $500,000 for bridges over A labam a and and Zanesville & W estern stock (see below ), and the remainder borrow ed.
Warrior rivers and $500,000 for extra heavy work In A labam a. The re The stockholders were to vote May 11 1910 on Increasing the auth. com m on
maining bonds are reserved for Improvements or additions at 90% of cost. stock from $11,000,000 to $26,000,000, but action has been restrained pend
V 93 p 163- V . 95, p. 419. Underwriting of a first $1,000,000 bonds was ing trial of the suit of three m inority stockholders. V . 90, p. 976, 1239,
offered by Megargel & C o., N .Y . City, In July 1911. Pres.. R oyC .M egargel,
1296, 1363, 1614; V . 91, p. 154; V . 92, p. 1032. 1701; V . 93, p. 1022.
5 Nassau S t.. N . Y .; Sec., Henry H yer,: Treas., F . B . Erwin Jr. O ffice,
SA L E OF STOCK, &c.— Ches. & Ohio owns $8,825,800 of $11,000,000
Pensacola, F la .— (V . 93, p. 163, 1259, 1668; V . 95, p . 419.)
outst'g stock. Lake Sh. & Mich. Sou. and C. & O. acquired the Kana
GULF LINE RY — Owns Brldgeboro to Camilla, Ga., 51.7 miles; Haw- wha & Michigan stock form erly held In the Interest of the H ocking Valley
klnsvllle ro W orth, 42.5 miles; Hawkinsvlllc to Grovanla, 14 miles, opened and the Lake Shore purchased nearly all the stock of the T oledo & Ohio
A u g. 1912; trackage Ashburn to W orth, 3.3 m .; total, 111.5 m . Extension Central (the last-named having been held b y the Kanawha & Michigan) and
from Brldgeboro to Camilla, 20 m .. Included above, opened D ec. 1 1911. all the stock and bonds of the Zanesville & W estern. V . 90, p. 771. 849. 977.
Sold to Eastern capitalists early In 1910. V . 90, p. 602. Stock auth.,
D IV ID E N D S .— On com m on, July 1901 to Jan. 1907, lncl., 3 % per annum;
com m on, $400,000; p ref., $100,000. Bonds auth., $1,000,000 30-yr.
gold 5s, Atlanta (Ga.) Trust C o., trustee: $30,000 Issued for extension and July 1907, 2 % ; 1908 to 1911, 4% (J. & J -): Dec. 30 1911, 3 % ; 1912, June,
$25,000 In treasury July 1911. Bills payable, IncL equip, notes, June 30 29, 4 % ; Sept. 30, 1 H % (q u a r.). V . 95. p . 680.
1911, $49,000. For year ending June 30 1912, gross, $182,893; net, $35,207:
B O N D S .— The consols ($20,000,000 authorized), besides a lien on the
In 1910-11, (77.5 miles), gross, $149,388; net, $40,135; charges, $39,861; entire property, subject only to $3,842,000 prior bonds, have a first lien on
bal., sur., $274. Pres., R . W . W atson; Treas., Geo. L . Twlgg, Sylvester. all the coal lands; $3,842,000 consols are reserved to retire the existing bonds
(the latter may be extended at m aturity). V . 72. p. 338; V . 74, p. 1038;
Ga.— (V . 95. p. 480.)
V . 86, p. 229. Substantially all of the bonds and stock of the Ohio Land
OULF & SABINE RIVER RR.— See page 141.
GULF & SHIP ISLAND RR.— Owns from Gulfport, on Mississippi Sound, & R y . Co. and the W ellston & Jackson Belt R y ., 18 miles, are deposited
Gulf of M exico, to Jackson, Miss., 160.5 m .: Maxle to Mendenhall, 104.75 under said mtge V 68 d . 823. Guarantees Kanawha & Hocking Coal &
Coke Co bonds V 74?p 2 7 lT v . 77. p. 2393; V . 81. p. 507,781; also Con
m .: Saratoga to Laurel, 41.75 miles; total. 307 miles.
D IV ID E N D S .— April 1903 to J u ly ’ 10. 4 % y ’ rly; 191 1 .4 % ; ’ 12, J a n .,1 % . tinental Coal Co. bonds. V . 75. P- 497, 987: V . 88. g. 1127. In June 1908
B O N D S .— Of the first 5s ($5,000,000 authorized). $4,984,000 are out control of Sunday Creek C o., which operates all the coal properties (see
standing, remaining $16,000 being reserved to retire a like amount of old ’ ’ Industrials” ), was sold, to be held In trust and re-conveyed to co. In case
bonds still outstanding. In July 1912 $492,000 bonds were In the sinking litigation ends favorably. V . 87, p. 815: V . 88, p. 1135; V. 91. p. 1235.
In N ov. 1911 $4,000,000 2-year 4 H % notes were sold to take up $3,260,
fund (bonds not callable). See V . 74, p. 426, and application to list, V . 74,
p 1257: V . 81. p. 264. Of the gen. and ref. 6s of 1911 ($1,000,000 author 000 outstanding promissory notes and for Improvements. V . 93, p. 1259.
E A R N IN G S.— 2 m os.,11912________ Gross, $1,454,491; net, $579,280
ized Issue), $500,000 were sold to retire the $500,000 6s due A pr. 1911 and
July 1 to A ug. 31. 11911________ Gross, 1,317,924; net, 530.241
$500,000 for construction of Columbia branch. V . 92, p. 460.
SO
J fZ Z D S O N & A fA M H A T T A A r t t . F
J V fA J °
O S' S Y S T E M
THE NEWARK SERVICE IS OPER
ATED OVER PENNSYLVANIA R.R.
TRACKS BETWEEN SUMMIT AVE.
STATION, JERSEY CITY AND
PARK PLACE STATION, NEWARK.
CO
Q
52?
O
PQ
co
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HH
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o
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HH
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62
R AILW A Y STOCKS AND BONDS.
RAILROAD COMPANIES
[Far abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
H o n d u ra s N at— 1st M 5 1 0 ,0 0 0 .0 0 0 au th red 105 a ft ’ 15
H o o s a c T u n n el & W ilm in g — I s t M $25 0,00 0 auth g .O B
H ou s B elt & T e r — 1st M $ 5 ,0 0 0 ,0 0 0 g red 105 te x tC e c*
H o u s & B r a z o s V a lley— 1st M (trus Alerc T r Co, S t L)
H ou s G & VV T e x a s — 1st M gu p & I b y S o P a o ..U n ,o *
F irst m tg c $ 3 ,0 0 0 ,0 0 0 g o ld n o t g u a ra n te e d _________
H o u s & T e x C R R — 1st M 1 gr g red 110 lnt g U -C e .c* & r
G eneral m o r tg a g e g o ld Interest guar e n d ..M p .c * & r
W a c o Sc N W D Iv 1st M g $ 25 ,000 p m ___ C e .c * & r
A u s tin Sc N W (m erged ) 1st M g gu p & 1. _ M p .c* & r
F t W o r th & N ew O rleans 1st M (W a x t o F t W o r th )
C u t-off 1st XI $ 3 ,0 0 0 ,0 0 0 auth (V 94, p 1 3 1 )_______
H u d s o n C o m p a n ie s — C om m o n s to c k $ 5 ,0 0 0 ,0 0 0 _____
P re f 7% cu m and p a rtlc see te x t $ 1 0 ,0 0 0 ,0 0 0 .............
Secu red co n v e r tib le g old c o u p n otes call a t p a r ____
S ecu red g o ld c o u p n otes n o t c o n v e r t ib le ___________
S ecu red co n v e r tib le g o ld n o t e s ____________________
do
do
d o ____________________________
H u d son St M an h a t— I s t M $ 1 0 0 ,0 0 0 ,0 0 0 c o n v .G .x c * & r
N ew Y o r k Sc Jersey first m o rtg a g e red l l O . - G . c *
Car trusts $ 4 6 ,0 0 0 , d u e s e m i-a n n u a lly ____________ G
Car trusts scr B g d u e $25 ,0 0 0 s-a (V 9 1 ,p 1253) G .c*
Car trusts series C d u e $ 2 1 ,0 0 0 s -a ________________ G
H u n tin g d o n & B road T o p — C o m m o n s t o c k ___________
P referred s to c k 7 % n o n -c u m u la tlv e _______________
F irst M e x te n d e d In 1890 (lnt o n ly In g o l d ) ____ G P
S e c o n d M old 7s e x te n d e d In 1895 p Sc 1 g o l d ____G P
T h ir d M con sol e x te n d e d In g o ld In 1 8 9 5 -.G P .C *
Car trusts g old d u e $33 000 y e a r ly (V 8 4 ,p 1 4 2 4 ). .
Iberia & V erm illion — F irst m tg c g o l d . ________________
Id a h o & W a sh N or— F irst M g o ld red t e x t _________ IC
F iv e -y e a r c o n v e r t n otes red t e x t _______________G .c*
Id a h o S ou th ern — 1st lien n o te s p a rt d u e y ’ly red 102 4$
25
20
191
191
453
453
58
103
41
94
___
___
___
___
___
70
70
70
70
70
___
16
113
___
1910
1892
1907
1907
1893
1893
1890
1890
1900
1891
1895
1910
1910
1910
1910
1907
1902
1909
1910
1911
1854
1857
1865
1907
1893
1907
1910
1909
Par
Value
$1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1 ,000
1,000
100
100
1,000
1,000
1,000
1,000
$, £ or fr
1,000
1,000
1.000
1,000
50
50
500
500
1,000
1,000
1,000
1,000
1,000
1,000
A N N U A L R E P O R T .— T r a ffic Is m o s tly fre ig h t, a n d o v e r 7 4 % o f this Is
b itu m in ou s c o a l. A v e ra g e re ve n u e tra in -lo a d is large— In 1912, 852 ton s.
R e p o r t fo r y ea r en d in g Ju n e 30 1912 In V . 9 5 , p. 8 1 4 .
Year ending June 3 0 —
1911-12.
1910-11.
1909-10.
O p era tin g r e v e n u e ____________________ $ 7 ,3 0 3 ,6 7 9
$7,172,731 $7,7 8 3 ,0 3 3
N e t _____________
2 ,7 2 4 ,6 3 7
2 ,5 7 2 .6 8 5
3 ,0 4 3 ,2 0 4
O th er In c o m e -----------------------------------------694 ,1 5 6
7 65 ,176
9 62 ,834
G ross c o r p o r a te I n c o m e ........ .................$3,41,8,793
F ix ed ch a rges, & c ...............................
1,587,957
D ivid en d s o n p r e fe rr e d ------------------------------------D iv id en d s on c o m m o n . ........................... (7 )7 7 0 ,0 0 0
$ 3 ,337,861 5 4 ,0 0 6 .0 3 8
$ 1 ,5 0 5 ,1 3 0 $ 1 ,4 6 6 ,2 7 3
----------533 ,0 2 8
(4) 4 40 ,000 (4) 440 ,0 0 0
B a la n ce, s u r p lu s........................................ $1,0 6 0 ,8 3 6
$ 1,392,731 $1,5 6 6 ,7 3 7
O F F I C E R S .— P r e s ., G eo. W . S te v e n s, R ic h m o n d . V a .; S e c. and T re a s.,
J a s. S tcu a rt M a cK Ie, N ew Y o r k ; A s s t .S e c .-T r e a s ., W . N . C o tt. C olu m bu s.
D I R E C T O R S .— F ran k T ru m b u ll (C hairm an); F . H . D a v is, F . A .
V a n d erllp a n d T h o s . I I . H u b b a rd , N ew Y o rk ; G eo. W . S teven s and D eca tu r
A x te ll, R ic h m o n d , V a .; J . B . Z e r b e an d Jam es H . H o y t , C levelan d ; P . W .
H u n tin g to n , S . P. B u sh, R . S . W arn er, C olu m b u s, O .; C larence B ro w n and
S . C. R e y n o ld s, T o le d o , O .— (V . 94, p . 1626, 1695; V . 95, p . 680 , 814 .)
HOOSAC T U N N E L & W IL M IN G T O N
R R . — N A R R O W G A U G E .—
H o o s a c T u n n el, M ass., to W ilm in g to n , V t ., 25 m iles. S t o c k . $25 0 ,0 0 0 : par,
$100.
D iv id en d s: In 1903, 2 % : y ear 1905-06. 3 % ; 1910-11, 1 0 % . Earnings
for 1911-12. gross. $ 10 2,64 9; net, $35 ,913 ; ln t. o n b o n d s, $11 ,7 5 0 ; b a l., su r.,
$ 2 4 ,1 6 3 .
P res.. J oh n P . K ellas, M alone, N . Y . — (V . 7 9 , p . 903.)
H O U S T O N B O L T & T E R M I N A L R Y . — O w ns a term inal line In and
a rou n d H o u s to n , T e x ., 20 m iles, w ith large freigh t an d passenger ter
m in a ls. C on trolled b y fo u r p ro p rie ta ry ro a d s, v iz ., N ew O rleans T e x a s
M e x ic o (S t. I ,. & San F r a n .), T r in ity
B razos V a lle y (C ol. S o u th e r n ),
S t. L ou is B row n sville
M e x lco ( S t. L . & S . F .) and G ulf C o lo . & S an ta Fe
(A tc h iso n s y s te m ), w h ich each ow n 2 5 % o f the $ 25 ,000 s to c k and, under a
9 9 -y ea i lease from Ju ly 1 1907, agree t o p a y , u n d er a p ro ra ta w heclage basis,
o p e r a tin g ex p en ses, ln t. on b o n d s and annual sin k, fu n d o f 1% o f b on d s
Issued. V . 86, p . 285; V . 89, p . 1668. V . 92, p . 1310; V . 9 5 , p . 750.
H O U S T O N & B R A Z O S V A L L E Y R R . — O w ns A n ch o r t o V e la s c o , T e x .,
20 m iles. T o b e e x te n d e d fro m A n ch o r a b o u t 100 m iles, w ith bran ch to
H o u s to n , 20 m iles. C on trolled b y B. F . Y o a k u m o f S t. L o u is & San F ran and associa tes. S to c k a u th ., $ 12 0,00 0; o u t, $ 2 1 ,0 0 0 . B o n d s, see ta b le .
F o r y ea r 1910-11, gross, 519 ,6 9 6 ; o p . d e f., $ 2 ,4 5 4 ; ch a rge s, $ 1 1 ,9 5 7 . P res,
a n d G en. M g r ., F e lix J a c k s o n .— (V . 94, p . 1119; V . 9 5 , p . 297.)
H O U S T O N E A S T & W E S T T E X A S R Y . — (.See Map of Southern Pacific .—
O w ns from H o u s to n , T e x ., to S a b in e R iv e r a t L o g a n s p o r t, 191 m iles.
S to c k $ 1 ,9 2 0 ,0 0 0 , o f w h ich $ 1 ,9 1 9 ,1 0 0 ow n e d b y S o . P a c. C o ., w h ich has
g u aran teed $ 2 ,5 1 3 ,0 0 0 o f the b o n d s, prln. an d ln t ., b y e n d o rse m e n t, re
servin g th e rig h t t o redeem them a t 105 and ln t. o n 6 m o s .’ n o tice .
D Iv ., 1 6 % paid In 1902-03, 3 0 % In 1907-08 an d 1 0 % In 1909-10. o u t o f
a ccu m u la te d su rplu s. G u a ra n ty, V . 70, p . 841 ; V . 71, p . 236.
Y e a r 1911-12, gross, 51 ,2 7 2 ,0 4 7 ; net, $ 3 6 4 ,0 0 0 . In 1910-11, gross,
$ 1 ,3 1 7 ,8 9 2 ; n et. $ 47 3,60 0, a gst. 5431,532 In 1909-10: o th e r In c., $ 30 ,090 ;
ch a rges, 5 26 2,21 2; b a l., s u r ., 5 2 4 1 ,4 8 7 .— (V . 78, p . 2384.)
H O U S T O N St T E X A S C E N T R A L R A I L R O A D .— (See Map of Southern
Pacific.)— O w ns from H o u s to n , T e x ., to D en iso n , T e x ., 338 m iles; H e m p
s tea d . T e x ., t o L la n o, T e x ., v ia A u s tin , 215 m iles; B re m o n d to R oss, T e x .,
55 m .; G arrett t o F t . W o r th , 53 m .; M exia to N e lle v a , 94 m .; o th e r, 34 m .;
to ta l, 789 m iles. S u ccesso r 1893 t o railway fo re c lo s e d .
V . 45, p . 792 , 820 .
S T O C K .— S t o c k , $ 1 0 ,0 0 0 ,0 0 0 , o f w h ich th e S ou th ern P a cific C o. ow n ed
$ 9 ,9 9 8 ,3 0 0 , par $100. V . 76, p. 1084, 1192. 1407.
In 1902-03 a d iv id e n d
o f 6 % w as paid o u t o f a ccu m u la te d surplus; In 1910-11, 2 0 % . V . 76. p .1 4 0 7 .
B O N D S .— T h e b on d s are b e in g g ra d u a lly re d u ce d w ith p roceed s o f land
sales. T h e first mortgage w as fo r $ 8 ,6 3 4 ,0 0 0 .
B o n d s m a y b e ca lled
a t 110 and ln t. w ith proceeds o f land sales. See abstract o f m o rtg a g e In
V . 52, p. 242.
O f the $ 5 ,0 6 8 ,0 0 0 co n s o lid a te d 6s a u th o riz e d , $ 1 ,1 4 9 ,0 0 0
are held as part se c u r ity fo r the general 4s. T h ere w ere also Ju n e 30 1911
$45 0 ,0 0 0 L a m p asas ex ten sio n Interim 5s o w n e d b y S ou th ern P a cific C o.
L A N D S .— T h e lands Ju n e 3 0 1911 held fo r ca n c e lla tio n o f b o n d s c o n
sisted o f 1,567 acres; land c o n tr a c ts , $ 80 2,46 9.
V . 65, p . 869.
Y e a r 1911-12, gross, $ 5 ,8 7 7 ,7 3 5 ; net, $ 9 2 2 ,4 7 8 .
In 1910-11, gross,
$ 6 ,3 5 8 ,5 6 3 ; n et, $ 1 ,5 8 8 ,1 6 1 ; o th e r Incom e, $12 2,87 1; ch arges, $ 99 9,64 7;
b a l., s u r ., $ 7 1 1 ,3 8 5 .— (V . 9 3 , p . 1323.)
H U D S O N C O M P A N I E S . — I n c o r p . Jan. 9 1905 In N ew Y o r k .
H o ld in g
c o m p a n y for a large p o rtio n o f th e securities o f H u d so n & M an h a ttan R R .
C o . (see b e l o w ) . C on trols G reeley Squ are R e a lty C o ., w hose b u ild in g a t 33d
S t. an d B ’ w a y , N . Y ., Is leased to G ltnbel B ros. V . 90, p . 1614, 234; V . 9 1 ,
p . 1773; V . 88, p . 748. 1127. E q u ities N . Y . p ro p , stated as $4 ,5 0 0 ,0 0 0 .
C A P I T A L .ST O C K .— P ref. s to c k t o receive 7 % cu m u la tiv e d iv id e n d s and
also en titled t o o n e -fo u rth o f a n y o th e r d iv id e n d s .
S E C U R E D C O N V E R T I B L E G O L D C O U P O N N O T E S .— T h ese n o te s,
w h ich on A u g . 31 1912 a ggregated $ 21 ,157 ,00 0;(see ta b le a b o v e ), are all se
c u red b y d ep osit o f H u d . Sc M an. R R . C o. 1st M .4 44% bd s. u nd er trust agree
m en ts; e v e r y $1,0 0 0 n o te b ein g secu red b y $ 1 ,5 0 0 o f b o n d s a t par. A ll the
n otes are ca lla b le b y th e c o m p a n y at par a n d , e x c e p t th e 5 % n otes d u e N o v .
1913, are also co n v e r tib le a t the h o ld e rs’ o p tio n Into said b o n d s, as fo llo w s:
(a) 6 % n otes d u e O ct. 1913 (V . 92, p . 1242, 88 1 , 332) o n a n y ln t. d a te at
p ar d u rin g 1911 Into b on d s at 85 an d ln t., d u rin g 1912 at 87 44 and ln t.,
d u rin g 1913 a t 90 and ln t.; (b) F e b . 1 1913 6 % n otes (V . 90, p . 502) at
m a tu rity o r a n y earlier red e m p tio n d a te in to b on d s at 95; (c) F e b . 1 1914
6 % n otes a t m a t u r it y or a n y earlier re d e m p tio n d a te Into b o n d s a t 80.
A S S E T S .— T h e resources o f the H u d so n C om p a n ies o n D e c. 31 1911, as
a g ain st the a b o v e -m e n tio n e d c o n v e r tib le n o te s a ggre ga tin g $ 2 0 ,5 0 0 ,0 0 0 ,
con sisted o f th e fo llo w in g : R eal estate In N .Y . C ity . 51,541),309: H u d so n
M a n . R R . 1st M . 4 H % b o n d s. $ 3 1 ,1 0 0 ,0 0 0 : p re f. shares, $ 2 ,3 0 7 ,6 1 4 . and
c o m m o n shares, $ 2 5 ,1 7 1 ,2 0 9 .
G reeley S q u a re R e a lt y C o. 5 % b o n d s
(p a rt o f $10 ,0 0 0 ,0 0 0 issue, o f w hich $6,5 0 0 ,0 0 0 reserved to retlro u n d erlyin g
Issues; V . 91, p . 1773), $ 2 ,450,000 , and sto ck , $ 2 ,0 0 0 ,0 0 0 ; cash, $52 0,79 5.
Sc
Sc
Amount
Outstanding
Sc
Sc
Rate
N o n e O c t ’ 12
$23 6,00 0
4 .650,000
2 00 ,000
2 ,5 1 3 ,0 0 0
487 ,000
1 ,752,000
4 .2 3 5 .0 0 0
1 ,105,000
1,9 2 0 ,0 0 0
709 ,0 0 0
2 .3 8 3 ,0 0 0
5 ,0 0 0 ,0 0 0
16,0 0 0 .0 0 0
9 ,1 5 0 ,0 0 0
1 ,400,000
8 ,0 0 0 ,0 0 0
2 ,6 0 7 ,0 0 0
6 6 ,4 2 3 ,0 0 0
5 .0 0 0 ,0 0 0
598 .0 0 0
400 ,0 0 0
3 7 8 ,0 0 0
1,3 7 1 ,7 5 0 S ee
2 ,0 0 0 .0 0 0 See
416 ,000
367 ,5 0 0
1,497,000
302 ,0 0 0
3 2 2 ,0 0 0
3 ,3 9 0 .0 0 0
1 ,200,000
400 ,0 0 0
%
6
5
5
6
5
5
5
4
6
5
6
6
g
g
g
g
g
g
g
g
When
Payable
[V O L . L X X X X V .
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J
Sc J F eb
M & S S ep t
J
Sc J J u ly
J
Sc ,J J u ly
M Sc N M ay
M *
N M ay
J
&
.1 J u ly
A Sc O A p r
M Sc N M ay
J
Sc J J u ly
J ■Sc D Deo
J
Sc D Jun e
F
g
Sc A
F Sc A
g
A & 015
g
F Sc A
g
>4 e F Sc A
F Sc A
g
M Sc S
A Sc O
g
F Sc A
g
te x t .)
Sc J
Sc J
te x t J
4 g
A Sc O
F Sc A
4 g
A Sc O
5 g
4 44 g A Sc O
F Sc A
5 g
M Sc N
5 g
6
J
Sc D
6
M Sc N
6
5
6
6
4
5
5
5
5
1
1
1
1
1
1
1
1
1
1
1
1
1940
1922
1937
1937
1933
1933
1937
1921
1930
1941
1925
1940
F e b 1 1913
N o v 15 1913
O ct 15 1913
Feb 1 1914
F e b 1 1957
F e b 1 1932
M c h ’ 13-M ch ’ 19
A p r ’ 1 3-O ct ’ 20
F eb U 3 - A u g ’21
Jan 28 1904 1 %
Jan 25 1908 3 44
S e p t 30 1920
F eb 1 1925
M ch 31 1925
T o O ct 1 1921
A u g 1 1943
M ay 1 1932
D eo 1 1915
M a y 1 ’ 13-’ 14
O ld C o lo n y T r C o , B oston
Cen tral T ru s t C o. N Y
165 B r o a d w a y , N ew Y o r k
do
do
165 B r o a d w a y , N e w Y o rk
do
do
do
do
do
do
do
do
do
do
H a r v e y F isk & S o n s , N Y
do
do
G u a ra n ty T ru s t C o , N Y
do
do
do
do
do
do
P h ila o ffic e ,N o A m B ld g
do
do
do
do
do
do
do
do
P h ila T r S D Sc In s C o
S o P a c C o 165 B ’ w a y N Y
III T r & S a v B k , C h ica go
G u a ra n ty T r C o, N Y
C o m m o n w ’ h T r C o ,P itt*
R E P O R T .— R e p o r t fo r c a l. y e a r 1911, V . 94, p. 121. T r a ffic o f the
H u d so n * M anha t. R R . C o. in A u g . 1911 a b o u t 5 4 ,0 0 0 ,0 0 0 p ersons n e r a n n .
D I R E C T O R S , & c.— W . G . O a k m a n , P lin y F isk, G ra n t B . S c h le y , W . C,
L a n e , J o h n W . S im p so n , W m . XI. B a rn u m , A lb e r t A . T iln e y , K e n y o n B .
C on ger, W m . H e n ry B a rn u m , Charles F . A d a m s 2 d , C. W . T a ln t o r ,
P . G . B a rtle tt.
W . G O a k m a n . P res.; W m . H e n ry B a rn u m , V .- P .
an d T r e a s .; W . C. K in n e y . A s s t. T re a s. an d Asst S e c .; W m . E v e rd e ll,
S e c.
O ffic e , 62 C ed ar S t .. N . Y . — (V . 92, p. 1436; V . 9 4 , p . 121 , 1383.)
H U D S O N & M A N H A T T A N R R . — (See M ap.) — O w n s a n d o p e ra te*
d o u b le -tu b e tunnel from 6th A v e . an d 33d S t ., N . Y . C ity, u n d er th e H u d
son R iv e r to th e D el. L a ck . & W e s t. R R . s ta tio n , H o b o k e n , N . J ., a b o u t
3 44 m .; o p e n e d F eb . 26 1908: also d o u b le -tu b e tu n n el fro m H o b o k e n sou th
w a rd ly th rou gh th e E rie an d P e n n sy lv a n ia R R . s ta tio n s in J e rs e y C ity and
th en ce und er the H u d so n R iv e r to the H u d so n T e rm in a l B u ildings o n Churoh
S t .(o n e b lo c k w est o f B ro a d w a y ) .e x te n d in g fro m C o rtla n d t to F u lto n S treet,
o p e n e d on J u ly 19 1909, m ak in g to ta l d o u b ic -tr a o k tunnel in o p e r a tio n 7 4£m.
A n e x te n sio n to 42 d S t. an d G ra n d C entral S ta tio n Is p r o je c t e d , also a
bra n ch fro m 6th A v e . u nd er 9th S t. t o a c o n n e c tio n w ith th e S u b w a y at
4th A v e . V . 87, p . 37. 614, 1011; V . 88, p . 295 , 451 , 686 , 91 4 , 1 1 9 7 , 143 7,
1620; V . 89, p . 224; V . 90, p. 1011, 1296; V . 9 1 , p . 1025; V . 9 2 , p . 3 2 2 ;
V . 9 4 , p . 1317.
T h rou gh fares betw een Jersey C ity an d H o b o k e n and u p to w n N . Y . w ere
Increased D ec. 24 1911 fro m 5 to 7 c ts .
V . 93, p. 1462; V . 94, p . 1507.
A n exte n sio n to S u m m it A v e ., Jersey C ity , c o n n e c tin g w ith t h e P en n a .
H u d so n T e r m . B ld g s., largest o ffic e b ld g s . In w o rld , w ere o p e n e d M a y 1 ’0 8 .
S T O C K .— C o m m o n , $40 ,0 0 0 ,0 0 0 ; o u ts t a n d in g .M c h . 31 1912, in o l. s crip ,
$39 ,9 9 4 ,8 9 0 ; 5 % n o n -c u m . p r e f., w ith preferen ce also as to assets, a n d c o n
v e rtib le sin ce J u ly 1 1911 Into c o m m o n s to c k at 110, au th o riz e d Issue $10 ,
000 ,0 0 0 ; o u ts ta n d in g , $ 5 ,2 4 2 ,1 5 1 .
Par $10 0. S ee “ H u d s o n C o s .” a b o v e .
B O N D S .— O f th e 1st 414 s, $ 6 6 ,4 2 3 ,0 0 0 , In c o n n e c tio n w ith $ 3 9 ,9 9 4 ,8 9 0
c o m m o n an d $ 5 ,2 4 2 ,1 5 1 p re f. s to o k , h a v e been Issued o n a c c o u n t o f tun
nels, s ta tio n s, p o w e r h ouses a n d e x te n s io n s , an d the tw o b u ild in g s a t the
H u d son T erm in al In N ew Y o r k .
O f th e re m ain d er, $ 5 ,5 0 0 ,0 0 0 w ill b e used
to retire th e $5,0 0 0 ,0 0 0 N . Y . & J ersey 5 % b o n d s re d e e m a b le a t 110 , leav
in g fo r fu tu re use $2 8 ,0 7 7 ,0 0 0 b o n d s an d $ 4 ,7 5 7 ,8 4 9 pref. s to c k .
O f the
$6 6 ,4 2 3 ,0 0 0 b o n d s, $ 6 ,4 2 3 ,0 0 0 are o w n e d b y th e H u d s o n C o m p a n ie s , o n
w hich Interest is w a iv e d until F e b . 1 1914 and th e re a fte r shall b e a r Interest
at 4 34% per an n u m , until m a tu rity , w ith an a d d itio n a l 2 % p er a n n u m u n til
F e b . 1 1920 to th e e x te n t earn ed.
T h e b o n d s are c o n v e r tib le on a n y Interest d a y sin ce F e b . 1 191 2 at
par Into c o m m o n s to c k a t $110 per share, w ith p ro v isio n s t o p r o t e c t the
b o n d h o ld e rs w hen c o m m o n s t o c k , In a d d itio n to th e $ 4 0 ,0 0 0 ,0 0 0 a t present
a u th o rize d and th e fu rth er a m o u n t n ece ssa ry to c o n v e r t th e b o n d s. Is Issued.
In F e b . 1909 $92 0,00 0 5 % ca r trusts w ere s o ld , in O ct. 1910 $ 5 0 0 ,0 0 0 and
in A u g . 1911 $ 42 0,00 0. V . 88 p . 505 , 624; V . 91, p . 1254; V . 92, p . 1025.
E A R N I N G S — F or f. m o s. e n d in g Ju n e 30 1912, R R . gross. $ 1 ,8 4 2 ,1 1 2 ;
a g st. $1 ,5 0 7 ,6 9 4 : n e t, $ 1 ,0 6 6 ,3 6 4 , a g st. 5 8 0 9 ,5 0 3 .
t o co n s tr u c tio n ); balan ce, surplus, $ 50 ,279 .
O F F I C E R S .— P res.. W . G. M c A d o o ; V .- P ., W ilb u r C. F isk; T r e a s .. J . S .
O ’ N eale; S e c ., L . R . T h u r lo w ; C o m p ., H . S . C orw in ; A u d ., F . H . SU llck.
N . Y . o ffic e , 30 C hurch S t .— (V . 94, p. 1507.)
HUNTINGDON & BROAD TOP MT. RR. & C O A L C O .— O w n s from
H u n tin g d o n , P a ., to M o u n t D allas, P a ., 45 m iles; bra n ch es, & o ., 25 m iles .
V O T IN G T R U S T .— A m a jo rity o f th e s to c k has been d e p o s ite d In a
v o tin g trust to c o n tin u e until th e s to c k Is so ld (th e p re f. a t n o t less than
$50 an d the c o m m o n at n o t less than $25 per s h a r e ), o r u n til th e m a jo r it y
holders desire t o term in ate the sa m e.
V . 94, p . 1383.
D IV S . ’ 98. ’ 99. ’0 0 . ’0 1 . ’02. ’0 3 . ’ 0 4 . ’0 5 . ’ 0 6 . ’ 0 7 . ’ 08. ’0 9 -’ l l . 1912.
C om m on
0
0
0
0
0
5
1
0
0
0
0
0
0
P referred
5 514 7
5
6
7
6534714
731 4
0
0
A N N U A L R E P O R T .— R e p o rt fo r 1911 w as In V . 9 4 , p . 691 .
Gross.
1 9 1 1 .................................. $538,731
1 9 1 0 --------------------------- 672 ,2 3 7
P res, and G en . M a n ., Carl M .
Net.
Interest.
Dal., surplus
$ 1 1 3,89 9
$ 1 0 6,19 0
$7,709
161 ,392
106 ,190
551202
G age.— (V . 94,
p . 4 8 7 ,6 9 1 , 138 3.)
HUNTINGTON RICHMOND & HAMILTON RR.— In c o r p o r a te d In 1912
t o take o v e r the C ln cln n a y B lu ffto n Sc C h ica go U R ., w h ich o p e r a te d from
B lu ftto n to H u n tin g to n . 52 tulles, an d to e x te n d th e line fro m P o r tla n d ,
I n d ., to H a m ilto n , O., v ia U n ion C ity an d R ic h m o n d , I n d ., 106 m iles.
S to c k an d b o n d Issues w ill be s u ffic ie n tly Increased fo r these p u rp o se s. It
w as p ro p o se d to Issue p r e f. s to c k o r 2d M . b o n d s to cre d ito r s o f o ld c o m
p a n y , s o th a t 1st M . b o n d s m a y be Issued fo r n ew m o n e y .
C al. y e a r 1911,
gross, $71 ,414 ; o p . d e f., $ 1 ,8 6 6 .
F o r y e a r e n d in g Jun e 30 1911, gross, $6 7 ,
990. a gst. $72 ,740 In 1909-10; n e t, $ 4 ,5 4 2 , a gst. 5 6 ,4 7 1 .
P res., S . I I . Brac e y ; G en. M gr., Joh n C. C u rtis; S e c ., Charles B la ck b u rn ; T r e a s ., W m .
G eorge. O ffic e , 1606 T rib u n e B ld g ., C h ica g o , III.— (V . 9 5 , p . 2 3 6 , 297 .)
IBERIA & VERMILION RR.— S a lt M in o J u n o , t o A b b e v ille . L a ., 16
m iles. S t o c k , $ 30 0,00 0, o f w h ich $ 2 9 9 ,5 0 0 o w n e d b y M o rg a n ’ s L o u isian a
& T e x a s R R . Sc SS . C o . (S o . P a c .).
Y e a r 1910-11, gross, $ 86 ,841 - net
$ 40 ,506 ; o th e r in c ., $ 9,843: ch arges, $26 ,8 8 8 ; su rplu s, $ 23 ,460 .
IDAHO SOUTHERN RR.— See page 140.
t IDAHO & WASHINGTON NORTHERN RR .— O w ns M cG u ire ’s S ta tio n ;
I d a ., n o rth e rly to M etaline F a lls, 113 m iles: tra ck a g e t o S p o k a n e G r a n d J o t .,
22 m iles; C lagstone bran ch , 6 m iles. C on trols P en d d ’ O rellle R iv e r N a v .
C o . S to c k a u th ., $ 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 3 ,1 7 2 ,1 0 0 . $ 1 ,6 0 0 ,0 0 0 o f th e
rem ain d er bein g reserved fo r c o n v e r s io n o f 6 % n otes o f 1910; p a r $10 0.
B o n d s are s u b je c t t o ca ll, a n y o r all, a t 10714, fro m N o v . 1 1912 t o M a y 1
1917, an d thereafter a t 105; $ 3 ,3 9 0 ,0 0 0 b o n d s o u ts ta n d in g , s e cu re d on
113 m iles. $ 1 ,3 4 3 ,0 0 0 a d d itio n a l b o n d s are Issuable a t $30 ,0 0 0 p e r m ile
o f a d d itio n a l r o a d . V . 89, p . 41 1 ; V . 91, p . 1 7 1 0 ....................................... . j . ,
64
R A IL W A Y STOCKS AND BONDS.
Date
Bonds
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
Amount
Outstanding
Par
Value
Illin ois C en tra l— S t o c k $ 1 2 3 .5 5 2 ,0 0 0 ................................
$100
L ea sed line 4 % s to c k g u a ra n te e d (see r e m a r k s )____
100
F irst m t g e ot S terlin g b o n d s o ld 6s e x te n d In 1895
1875
£200
18 7 4
tor S terlin g b o n d s e x te n d e d In 1 9 0 5 ..
1875
£200
$ 1 5 ,0 0 0 ,0 0 0 4s ot 1886 d u e 1951 g o l d ____ c ’ &r
1,000
1886
706
secu res a 11 3 M s o t 1886 d u e 1951 g o ld _c ’ &r
1886
1,000
e q u a lly - U s 3s o f 1895 d u e 1951 g o l d ____ o ’ &r
1895
£200
(. V 8____
3 , p 76). 3 M s o f 1903 d u e 1951 g o l d ___ c ’ & r.
, 1903 1,000 &c
T r u s t b o n d s sterlin g (sec b y Ch S t L & N O co n s) .U s
1886
£200
F irst M Sp D lv ref M (V 6 6 , p 1237) g o l d .. U s .x o * & r
1,000
1898
K a n k & S W 1st M O tt o t o N o rm a l Ju n e & b r ____ r
1,000
. 1881
C a iro B rid g e b o n d s g o ld (see r e m a r k s )___ U s .c ’ &r
1892
1,000
S t L o u is D lv & T erm M $ 1 0 ,0 0 0 .0 0 0 g o ld . U s . x o ’ &r
500 &c
239IJ1897
do
$ 5 ,0 0 0 ,0 0 0 (see V 65, p 1173) g . U s . x c ’ &r
U897
1,000
U n d e r ly in g S t LI B elleville & C a ron d elet 1st M . . o ’
1883
1,000
D lv & T e r m I -1st L o u is S o u th e rn 1st M g . B a . o ’
I 1886
1,000
n al m o r tg a g e -J Carb & S haw 1st M g o l d ____ c*
1887
1,000
P u rch a sed lines 1st M $ 2 0 ,0 0 0 ,0 0 0 g o l d . . U s . x c ’ &r
: 1904 1,000 &c
R e fu n d in g m o r tg a g e g o ld red ( t e x t ) ___ G .x c ’ &r*
1908 1,000 &c
C ollateral tru st b o n d s g o ld $ ........ ..............U s .o ’ &r
1888
500 &c
1 1892 500 &c
Coll tru st $ 2 5 ,0 0 0 ,0 0 0 g o ld o n L N O & T . U s .o ’ &r
1 1895
W e s te rn lines first m o r tg a g e g o l d _________ U s .o ’ &r
1,000
Ch S t L & N O c o n s M ($ 1 8 ,0 0 0 ,0 0 0 ) g lnt g u .- O ’ &r
1881
1,000
do
g u aran teed prin cip a l a n d In terest_________
1897
1,000
1889
M em p h is D lv 1st M g o ld gu a r p & 1 ( e n d ) .. U s . o *
1,000
1897
500 &c
L o u ls v D & T M $ 2 5 ,0 0 0 ,0 0 0 g .......................U s .x o ’ &r
O m a h a D lv 1st M g $ 5 ,0 0 0 ,0 0 0 ____________ U s .c ’ &r
1900 1,000 &c
L ltc h D lv 1st M g $ 4 ,0 0 0 .0 0 0 .....................................F .o*
1900
1.000
1st lien eq M $ 3 0 ,0 0 0 ,0 0 0 (le ss$ 4 .0 0 0 ,0 0 0 c a n c c le d ).u s
1908
S ecu red g old notes red t e x t . ............... ................ ...........
1912
I o w a F alls & S io u x C ity — See sta te m e n t o f D u b u q ue & Sioux City.
a In c lu d e s $ 5 ,2 6 6 ,0 0 0 c o n s o l 5s p le d g e d t o secu re
Road owned in fee—
M iles.
Leased— Control owned—
M iles
C h icago S t. L . & N . O . R R .,
C airo, HI., t o N ew O rle a n s___
L in e t o L o u is v ille , & o_______
M e m .,T e n n .,to M e m . J e t ., M iss
S t . L o u is A lt o n & T e rre H a u t e .
Entire stock owned—
547
671
98
231
B ran ch es, & c ......................................1,062
Trackage, A c ................................ 179
T o t a l o p e ra te d J u ly 1 1 9 1 2 ..4 .7 6 3
H I S T O R Y . L E A S E S . & c.— Chartered In D e cJ 1 8 5 0 . T h e c o m p a n y p a y s
t o th e S ta te o f Illin ois 7 % (fo r th e 12 m o m th s en d in g A p r . 30 1912, $ 1 ,1 8 0 ,
819) o f gross o f th e 706 m iles o w n e d In fee y e a rly In lieu o t ta x e s . T h e Chi
c a g o S t. L . & N . O . Is leased fo r 400 years fro m J u ly 1 1882 a t 4 % per an n u m
o n Its $ 1 0 ,0 0 0 ,0 0 0 s to ck d e p o site d t o secu re th e leased line stock.
T h e en tire $ 5 ,0 0 0 ,0 0 0 c a p ita l s to c k o f th e Central o f G eorgia w as tu rn ed
o v e r t o th e Illin ois Central In Ju n e 1909, b u t th e r o a d Is o p e ra te d Inde
p e n d e n tly . See th a t c o . V . 8 6 , p . 668; V . 88, p . 1559: V . 93. p. 1668.
T h e en tire s to c k o f the Y a z o o & M ississippi V a lle y R R . , 1,374 m iles, Is
ow n ed In th e Interest o f th e Illin ois Cen tral, th e la tte r also o w n in g n early
all o f th e b o n d s , w h ich are d e p o site d as s e c u r ity fo r Its o w n b o n d s.
R ep ort
fo r y e a r e n d in g Ju n e 30 1910 In V . 9 1 , p. 1242, sh o w e d gross earnings,
$ 1 0 ,3 8 4 ,1 5 0 a n d surplus over ch a rges, $ 20 4,97 5.
I n d la n a p . S o u th . R y ., In d ia n a p o lis , I n d ., t o E ffin g h a m , 111., 177 m .,
w as a c q u ir e d a t foreclosu re sale M a y 5 1911. V .9 2 ,p .9 5 6 ,1310; V .9 3 ,p .8 8 0 .
C A P I T A L S T O C K .— T h e leased line stock Is secu red b y d e p o s it o f $ 1 0 ,
0 0 0 ,0 0 0 C h icago S t. L ou is & N ew O rleans s t o c k .
( V . 6 5 . p . 1071.)
S to c k h o ld e r s v o te d M ay 18 1908 t o Increase th e s to c k fro m $95 ,0 4 0 ,0 0 0
to $ 1 2 3 ,5 5 2 ,0 0 0 , on e-h a lf o f th e new s to c k be in g s u b s crib e d a t par b y s to c k
h old ers, raising th e a m o u n t o u t t o $ 1 0 9 ,2 9 6 ,0 0 0 . V . 8 6 . p . 981 , 1529.
In J u ly 1911 U n ion P a cific o w n e d $ 3 2 ,9 0 0 ,0 0 0 o f th e s t o c k . V . 8 4 , p . 51,
102 , 570 ; V . 8 6 . p . 480 ; V . 9 0 , p . 700 .
D 1VS.
\ '87. '8 8 . ’8 9 . '9 0 . ’ 9 1 -'9 9 . '0 0 . '0 1 S e p .'0 4 '0 5 t o ’ l l .
1912.
C om . s tk
J 7
7
5M 6
5 y e a r ly 5 M 6 y e a r ly 7 y e a r ly
7
B O N D S .— Cairo bridge. S ee a d v . In " C h r o n ic le ,” M a y 7 1892.
T h e trust bonds o f 1886 are secu red b y d e p o s it o f $ 5 ,2 6 6 ,0 0 0 C h icago S t. L .
& N ew O rleans c on sols o f 1881: also b y a lie n o n th e ro a d . S ee V . 8 6 . p . 1343.
T h e collateral trust bonds o f 1952 are secu red b y p le d g e w ith th e U . S.
T ru st C o . o f N ew Y o r k o f $ 1 6 ,3 5 0 ,0 0 0 5 % 1st m o r tg a g e g o ld b o n d s o f
s u b sid ia ry railroads c o v e r in g 854 m iles. S e c list, V . 5 5 , p . 550.
T h e $ 2 5 ,0 0 0 ,0 0 0 collateral trust bonds o f 1953 are secu red b y p led g e o f all
th e L o u ls v . N . O . & T e x a s (n o w Y a z o o & M ississippi V a lle y R R .) , $16 ,
90 0 ,0 0 0 1st m tg e. b o n d s, e x c e p t $ 6 8 ,0 0 0 , all th e $ 9 ,1 0 4 ,0 0 0 m tg e . in co m e s
a n d all la n d g ra n t Incom es o u ts ta n d in g , $ 6 ,5 5 3 ,2 7 7 . S e c a d v e rtis e m e n t in
"C h r o n ic le ” Ju n e 11 1892, an d V . 54, p. 964; V . 6 1 , p . 112.
Chicago St. Louis A New Orleans 5s h a v e their in te re st g u aran teed (b y
en d orsem en t) until th e p rin cipa l Is p a id . T h e 3 Ms o f 1897 are g u a r ., p rin
cip a l an d Interest, b y en d orsem en t— see g u a ra n ty , V . 6 5 , p . 1071.
T h e Western Lines loan ot 1894, see " S u p p le m e n t ” o f J a n . 1899.
T h e St. Louis Division A Terminal bonds are for $ 1 5 ,0 0 0 ,0 0 0 a u th o riz e d ,
ot w h ich $5 ,0 0 0 ,0 0 0 are three per cen ts: $3 ,5 0 0 ,0 0 0 w ere Issuable fo r Im
p ro v e m e n ts , eq u ip m e n t, & c., a n d $ 1 ,4 9 9 ,0 0 0 are h eld t o retire $ 1 ,4 0 0 ,0 0 0
u n d erly in g b on d s still ou ts ta n d in g o n th e S t. L ou is A lt o n & T . 11. s y ste m ;
A b s tr a c t o f m tge. In V . 66, p . 138. See also V . 66, p . 133: V . 71, p . 546.
Louisville Division A Terminal mtge. Is fo r $25 ,0 0 0 ,0 0 0 : o f the b o n d s
$ 1 ,1 1 2 ,0 0 0 w ere reserved t o pu rch ase th e 46 m . (C ecilia b r .) fro m L o u is v ille
& N a sh v ille an d t o retire th e L . & N . b o n d s th ereon . C h ica g o S t. L o u is &
N ew O rleans t o o k title t o th e L o u ls v . D lv . an d Joined In m a k in g m tg e . See
V . 66. p . 136, fo r a b s t r a c t ; also “ S u p p le m e n t” o f Jan . 1 89 9. V . 6 5 , p . 367 ,
516; V . 6 6 , p . 133; V . 67, p. 581; V . 7 5 . p. 671 .
O f purchased lines 3 Ms o f 1904 $ 1 4 ,6 6 2 ,OOOVhave b e e n Issued o n 748
m iles o f su b sid ia ry bra n ch lines p u rch ased (o f w h ich $ 2 ,6 6 2 ,0 0 0 w ere c a n
celed In J a n . 1911 an d r e f. b o n d s su b s titu te d th e re fo r, an d the rem ain in g
$ 5 ,3 3 8 ,0 0 0 1« reserved to retire at m a tu rity $96 8 ,0 0 0 b o n d s o f the K an k ak ee
& S ou th w estern ls ts d u e 1921 (see b o n d ta b le a b o v e ) a n d $4 ,3 7 0 ,0 0 0 b o n d s
o f th e C h ica g o M adison & N o rth . (231 m . ) , w hich are pled ged fo r th e c o ll. tr.
4s o f 1952. (See V . 7 1 . p . 288; V . 79, p . 1273. 1642, 258 8; V . 8 1 . p. 1105.)
T h e refunding m tg e. gold 4s o f 1908 (a u th . Issue $ 1 2 0 ,0 0 0 ,0 0 0 , Incl. the
$ 1 0 ,0 0 0 ,0 0 0 a d d ition a l w h ich w ere reserved t o a cq u ire th e In d ian ap olis
S ou th ern , In d ia n a p olis , I n d ., t o E ffin g h a m , 111., 177 m iles) a rc s u b je c t
t o call a t 107 M an d ln t. o n a n y Interest d a y b e gin n in g N o v . 1 1918. See
V . 8 7 . p . 1357, 1420; V . 88, p . 295; V . 9 2 , p . 261 . 527 , 1636. C ov er the m ain
lin e, th e C h icago term inals, th e s o -ca lle d pu rch ased lines, th e S prin gfield
D iv ision , th e S t. L ou is D iv isio n , & o.. a to ta l o f 2 ,1 8 7 m iles, s u b je c t t o e x is t
in g Issues o f b on d s a ggrega tin g $ 6 1 ,7 6 6 ,0 0 0 , ln c l. $ 2 ,5 0 0 ,0 0 0 C h ic. H a v a n a
A W e s t . 58 an d R a n to u l R R . 5s p le d g e d u n d er 111. C e n t, g o ld 4s o f 1952.
Purposes for which $ 8 7 ,2 6 0 ,0 0 0 Refunding Bonds Unissued were Reserved.
T o retire a like a m o u n t o f p rior lien b o n d s _______ ______ _________$59 ,0 2 6 ,0 0 0
A d d itio n a l m ain tr a c k , tunnels an d b rid ge s, p u rch ase o f real
es ta te . Im p rovem en ts, fu n d in g o f In debtedn ess, & o _________ 2 8 ,2 3 4 .0 0 0
I n A p ril 1908 filed a first lien 4 % g o ld $ 3 0 ,0 0 0 ,0 0 0 e q u ip m e n t m o rtg a g e ,
o f w h lcn $ 5 ,5 1 5 ,0 0 0 has b e e n c a n c e le d . V . 8 6 , p . 104 2, 1343.
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
$109296000 7 in 1912 M & S A ug311912 3 M 115 B’way, N Y & Lond
do
J & J July 2 1912 2%
do
10,000,000
4
London, England
2,500,000
4 g A & O Apr 1 1951
do
do
1,000,000
3 M g J A D Deo 1 1950
115 Broadway, New York
1,500,000
4 g J & J Jan 1 1951
do
do
2,499,000
3 M g J A .1 Jan 1 1951
London
£500,000
3 g M A S Mch 1 1951
New York and London
3,000,000
3 Mg A & o Apr 1 1951
Baring Brothers London
5,266,000
3 M g J A .1 July 1 1950
115 Broadway.New York
2,000,000
3 M g J & J Jan 1 1951
F
A
A Aug 1 1921
968.000
5
do
do
4 g J A D Deo 1 1950
3,000,000
do
do
do
8,377,000
do
3M g J A J July 1 1951
4,998,000
3 g J A J July 1 1951
do
do
470,000
6 g J A 1) June 1 1923
do
do
538,000
4 g M A S Sept 1 1931
do
do
241,000
M A s Mch 1 1932
4g
do
do
12,000,000
do
3 M g .1 A J July 1 1952
do
32,740,000
4 g M A N Nov 1 1955
do
do
15,000,000
do
do
4 g A A O Apr 1 1952
25,000,000
4g
M A N Nov 1 1953
do
do
F A A Aug 1 1951
5,425,000
4g
do
do
al6,635,000
do
do
5 g J & D 15 June 15 1951
1,359,000
do
do
3M g J & D 15 June 15 1951
3,500,000
do
do
4 g J A D Deo 1 1951
23,888,000
do
do
3 M g J A J July 1 1953
do
F A A Aug 11951
do
5,000,000
3 g
do
do
3 g
3,235,000
J A J Jan 1 1951
Jan 1 1923
15,000,000
4M g J A J .Tilly 1 1914
Illln o ! s Centr al collate ral trust bo nds of 18 86.
T h e $ 1 ,2 0 0 ,0 0 0 5 -y e a r c o n v e r tib le 6 % n o te s d a te d D e o . 1 1910, Issued
t o c o m p le t e p a y m e n t fo r ro a d an d e q u ip m e n t m a y b e c a lle d fo r p a y m e n t
o n D eo. 1 1912 at 105, D e c. 1 1913 a t 104 and D e c. 1 1914 a t 103. an d c o n
v e rte d a t o p t io n o f h old er Into c o m m o n s to c k ta k e n a t $75 , $80, $85 and
$90, r e s p e c tiv e ly , on D e c. 1 1911, 1912. 1913 an d 1914 a n d $95 o n J u n e 1
1 91 5. S ee also V . 9 2 , p . 118. Car trusts Ju n e 3 0 1911. $87 ,6 7 2 .
E A R N I N G S .— 2 m o s ., 119 12 ___________ G ross, $ 9 2 5 ,0 5 0 ; n e t, $258,272
J u ly 1 to A u g . 3 1 .
U 9 1 1 ___________ G ross,
7 4 6 ,2 1 3 ; n et,
223,391
F o r y ea r 1911-12, gross, 551 5,89 0; n e t. $ 3 1 ,7 8 1 . In 1910-11 (113 m ile s ),
g ross, $71 2,70 6; n et, $17 7,81 1; ln t., ta x e s , rentals, & o., $ 2 2 3 ,9 0 3 ; b a l., s u r .,
$ 4 6 ,0 9 2 . P res. & T r e a s ., F . A . B la ck w e ll. O ffic e , S p irit L a k e , I d a h o .—
( V . 91, p . 1710; V . 9 2 , p . 118, 659 .)
I L L I N O I S C E N T R A L R R . — (See M a p .)— R O A D .— O p erates fro m Chi
c a g o , 111., s o u th e rly t o N ew O rleans, L a ., 912 m iles, a n d w esterly t o S io u x
C ity , l a . . 509 m iles, w ith n u m erou s b ra n ch e s, v iz . ( ’ w h ich se e ):
C h ica g o t o C a iro, 1 1 1 ...1 M ain
C en tralla, 111., t o E a s U s t e m .. 706
D u b u q u e , I o w a ____ J
D u b u q u e & S io u x C it y * ________
761
97
S p rin gfield t o E a s t S t. L o u is ___
P eoria , 111., t o E v a n s v ille , I n d .,
w ith 6 -m lle b r a n c h ................. - 234
In d ia n a p o lis , I n d ., t o E ffin g
h a m , 111.......................................... 177
Rate
[VOL. L X X X X V .
T h e $ 1 5 ,0 0 0 ,0 0 0 2 -y e a r 4 M % n o te s d a te d J u ly 1 1912 are c a lla b le J u ly 1
1913 o r J a n . 1 1914 a t 100 M o n 3 m o n th s ' n o tice ; th e y are secu red b y a p
p r o x im a te ly $ 1 4 ,0 0 0 ,0 0 0 C en tral o f G a. R y . Incom es an d a b o u t $ 5 ,0 0 0 ,0 0 0
C en t, o f G a. s t o c k . V . 9 4 , p . 1626.
G E N E R A L F I N A N C E S .— In N o v . 1908 $ 2 0 ,0 0 0 ,0 0 0 r e f. M . b o n d s w ere
s o ld . In J a n . 1911 $ 2 ,7 4 0 ,0 0 0 a n d In Ju n e 1911 $ 1 0 ,0 0 0 ,0 0 0 . I n D e o . 1911
a n o ffe r w as m a d e t o p u rch ase th e $ 1 5 ,0 0 0 ,0 0 0 C entral o f G eorgia In com e
b o n d s, o f w hich $ 1 4 ,4 6 1 ,0 0 0 a c q u ir e d .
In M ay 1912 less th an $ 5 0 0 ,0 0 0
w ere held b y th e p u b lic .
V . 9 3 , p . 1667; V . 9 4 , p . 131 6.
In J u n e 1912
$ 1 5 ,0 0 0 ,0 0 0 2 -ye a r 4 M % n otes w ere s o ld . Seo a b o v e .
I n S e p t . 1912
p la ce d orders fo r o v e r $ 5 ,0 0 6 ,0 0 0 o f e q u ip m e n t. V . 9 5 , p .
618 , 1 0 3 9 .
C entral o f G a. R y . In 1911 w as p ro p o s in g t o m ak e a n e w m o r tg a g e fo r n o t
t o e x c e e d $ 8 0 ,0 0 0 ,0 0 0 ( V . 9 5 . p . 110, 8 8 9 ).
E A R N I N G S .— 2 m o s ., J1912______ G ross, $ 1 0 ,6 8 3 ,5 3 3 ; n e t, $ 1 ,5 3 9 ,4 0 3
J u ly 1 t o A u g . 3 1 . 11911---------- G ross,
10,6 7 9 ,7 6 7 ; n et, 2 ,0 6 7 ,6 4 0
R E P O R T .— A n n u a l m e e tin g Is h e ld th e th ird W e d n e s d a y in O c t o b e r .
R e p o r t fo r 1911-12 w as In V . 95, p . 811 . 823 ; e d ito ria l, p . 786 .
(Not incl. Yazoo A M .V .R R .)—
1911-12.
191 0-1 1.
190 9-1 0.
A v e ra g e m iles o p e r a te d ............. ..............
4 ,7 6 3
4 ,7 5 0
4 ,5 5 0
Passen ger ea rn in gs____________________ $ 1 3 ,3 3 7 ,5 6 2 $ 1 3 ,1 6 8 ,8 6 3 $ 1 1 ,8 8 1 ,0 1 4
F re ig h t ea rn in gs.......................
3 7 .8 8 1 ,7 6 6
4 1 ,5 0 3 ,9 8 5 3 8 ,7 7 7 ,7 5 8
7 ,5 0 7 ,9 4 4
7 ,4 1 5 ,8 8 9
7 ,2 2 5 ,9 4 9
M all, exp ress, & c .........................................
T o ta l e a rn in g s_____ _______
$ 5 8 ,7 2 7 ,2 7 2 $ 6 2 ,0 8 8 ,7 3 7 $ 5 7 ,884 ,72 1
O p er. Incom e (a fter t a x e s )_______________$ 7 ,8 1 2 ,7 1 9 $ 1 4 ,5 5 3 ,5 6 7 $ 1 2 ,0 0 4 ,6 7 4
O th er In co m e ........ ......................................... 5 ,4 0 3 ,5 8 4
6 ,7 1 4 ,7 0 5
5 ,2 8 4 ,6 0 9
T o t a l n e t In co m e --------------------------------- $ 1 3 ,2 1 6 ,3 0 3 $ 2 1 ,2 6 8 ,2 7 2 $ 1 7 ,2 8 9 ,2 8 3
In terest on b o n d s . . ...................
$ 5 ,8 4 0 ,8 9 5
$ 5 ,6 3 3 ,3 8 9 $ 5 ,6 0 2 ,8 6 0
R e n ta ls, & c _____________________________
3 ,9 0 8 ,9 6 0
4 .3 1 9 ,5 3 9
3 ,8 5 3 ,2 2 4
D iv id e n d s on s to c k (7 % ) _______________ 7 ,6 5 0 ,7 2 0
7 ,6 5 0 ,7 2 0
7 .6 5 0 ,7 2 0
A d d itio n s and b e tte r m e n ts ..................6 1 ,4 8 2
1 64 ,847
_______
B a la n ce , d e f . o r su rp lu s...................... d e f.$ 4 ,2 4 5 ,75 4 sr.$3,499,777 sur .$182,478
O F F I C E R S .— Pres., C h as. II. M arkh am ; V .- P . & G en. M gr., W . L .
P a rk ; V .- P . (tr a ffic ), F . B . B ow es; V .- P . (pu rch ases), C. F . Park er; V .- P .,
A . G . H a ck sta ff; S e c ., D . R . B u rb an k ; T r e a s ., E . T . I I . G ib so n .
G en.
o ffic e , C h icago, 111.; N . Y . o ffic e , 115 B r o a d w a y .
D ir e c to rs .— W a lth e r L u ttg e n , J o h n W . A u ch ln c lo s s , C. H . M a rk h a m ,
C ornelius V a n d e rb ilt. J . O g d e n A r m o u r , C has. A . P e a b o d y , R . W . G oelet,
J o h n G . S h e d d , A . G . H a c k s ta ff, R S . L o v e t t , I I . W . de F o r e s t, P h ilip
S to c k t o n a n d , e x -o ffic io , H o n . C has. S. D en een , G o v . o f 111,— ( V . 9 5 ,p . 1 0 3 9 .)
IL L IN O IS
S O U T H E R N R Y .— S eo p a ge 141.
IL L IN O IS T E R M IN A L R R .— O w ns ro a d A lt o n ,111., t o H a r tfo r d , 6 .5 0
m iles; C o tte n t o L eclalre, 111., 3 .4 5 m .; t o ta l, 9 .9 5 m iles. L eases from
W a b a s h R R . H a r tfo r d t o E d w a rd s v llle J e t ., 6 .8 0 m .. a n d E d w a rd s v ille
J e t . t o E d w a rd sv llle . 2 m . S t o c k , $ 50 0,00 0; par, $10 0. D iv id e n d s , 4 %
In 1911-12. Y e a r 1911-12, gross. $23 4,48 1; n e t, $96 ,155 ; ln t ., & o ., $ 3 1 ,4 4 9 ;
d lv . ( 4 % ) , $20 ,000 ; b a l., $ 4 4 ,7 0 6 . P r e s ., G e o . M . L e v is.— ( V . 79, p . 2 2 0 5 .)
IN D IA N A C R E E K V A L L E Y R Y .— See p a g e 141.
, I N D IA N A H A R B O R B E L T R R .— O w ns W h itin g , I n d ., t o B lu e Is la n d .
111., 14 m iles; M cC ook to F ran klin P a rk , 111., 10.5 in .; A r g o t o U n ion S to c k
Y a rd s, C h icago, 10.6 m .; S ta te line to Grassell, I n d ., 5 .6 m .; bran ch es, 4 .7 m ;
t o ta l o w n e d , 4 5 .5 m .; o p e ra te s u n d er tra ck a g e 5 9 .4 m .; to ta l, 104.9 m .
N o v . I 1907 a cqu ired C h ic. Ju n e. R y .
V . 85, p . 1270, 1209; V . 8 6 ,p . 108.
S to c k o u ts ta n d in g , $ 2 ,4 5 0 ,0 0 0 , o f w h ich L a k e S h ore & M ich . S o u . and
M ich . C e n t., w hich gu aran tee th e b o n d s, o w n 6 0 % an d C h ic. M llw . & S t . P
a n d C h ic. & N o rth w . 4 0 % . V . 93. p . 164. O f th e b o n d s ($ 2 5 ,0 0 0 ,0 0 0
au th o riz e d issu e), $ 2 ,5 0 0 ,0 0 0 are reserved t o retire th e C h ic. H a m . &
W e ste rn 6s an d $ 72 5,00 0 w e re issued to retire th e M ich . C en tral and T e r m .
R R . Joint 4s and $ 1 ,0 0 0 ,0 0 0 fo r a d d itio n s an d b e tte r m e n ts . T h e $2,50 0 ,0 0 0
b o n d s Issued In p a y m e n t o f C h ic. Ju n o. R y . bear Interest a t 2 % yea rly
fro m J u ly 1 1907 fo r 5 y e a rs, th en 3 % fo r 5 ye a rs, then 4 % t o m a tu r ity .
V . 86, p . 108. N otes o u ts ta n d in g D e c. 31 1 9 1 1, $ 2 ,2 3 7 ,6 9 3 . F o r c a l. y ear
1911, gross, $2,4 5 2 ,4 7 1 ; n et, a fte r taxes, $56 6,74 4; o th e r in com e, $85 ,9 5 6 ;
ln t., rentals, & c., $77 8,91 0: b a l., d e f., $ 12 6,21 6. In 1910, gross, $ 2 ,3 8 9 ,
531; n et, $2 9 4 ,3 8 8 .— (V . 9 3 , p . 164.)
I N D IA N A P O L IS U N IO N R Y .— O w ns 3 .2 3 m iles o f y a r d tra ck s and
sidin gs, .93 o f a m ile o f r o a d w ith term in als a t I n d ia n a p o lis , I n d ., an d leases
fo r 999 years the B elt R R . o f In d ia n a p o lis— 9 .4 0 m . (w h ich s e e ). C lev .
C incinnati C h icago & S t. L o u is , th e P ittsb u rg h C incinnati C h icago & S t .
L ou is and th e V a n dalla R R . arc v irtu al p ro p rie to rs , th e y h a v in g In vested
In It $ 1 ,0 2 5 ,0 2 8 t o D e c. 31 1910. N o s to ck o u ts ta n d in g .
F a v o ra b le d e
cisio n S e p t. 1910, V . 91, p. 1511. In 1911, gross, $44 5,14 7; to ta l d ed u otlo n s, $44 2,07 2: b a l., s u r., $ 3 ,0 7 5 .— (V . 8 3 . p . 213: V . 9 1 , p . 1511.)
IN T E R B O R O U G H -M E T R O P O L IT A N C O .— O R G A N I Z A T I O N .— I n c o r
p o ra te d o n Jan . 24 1906 as an a m a lg a m a tio n (per plan V . 82, p . 217 , 280) o f
th e In te rb o ro u g h R a p id T ra n sit C o. a n d M e tro p o lita n S tre e t R y .
O w ns
$ 3 3 ,9 1 2 ,8 0 0 o f the $ 3 5 ,0 0 0 ,0 0 0 s to c k o f th e In te r b o r o u g h R a p id T ran sit C o.
a n d a b o u t $15 ,2 5 6 ,7 4 1 o f th e $ 1 7 ,4 9 5 ,0 6 0 s to c k o f the N ew Y o r k R y s . C o .,
su ccessor Jan . 1 1912 (p e r plan , V . 93, p. 1533) o f th e M e tro p o lita n S t . R y .
V . 9 4 , p . 203, 207; V . 95. p . 747 . See In te rb o ro u g h R a p id T ra n sit C o . below
an d N ew Y o r k R a ilw a y s In “ E le ctric R R . S e c t io n .”
8 73 .46 Miles of Single Track Owned bg Companies Comprising Sgslem.
In te rb o ro u g h R a p id T ra n sit C o ., s u b w a y ....................................... .. 8 1 .9 4 m iles
E le v a te d (M a n h attan R a ilw a y , le a s e d )--------— ------------------ 118.03 m iles
S u rfa ce lines o w n e d o r c o n tr o lle d b y I n te r b . R a p . T r a n . C o . .1 5 4 .0 3 m iles
N ew Y o r k R a ilw a y s C o. a n d s u b sid ia ry c o m p a n ie s .......... ........... 5 1 9 .4 6 m ile \
S T O C K .— P re f. has v o t in g p o w e r w h ile d iv id e n d Is u n p a id . V . 8 2 , p .
217 , 280 .
D I V I D E N D S .— D lv . o n p r e f., 1 M % q u a r ., p a id J u ly 2 1906 t o J u ly 1907
In clu sive: n o n e sin ce to O c t . 1912.
V . 8 5 . D. 600.
V O T IN G T R U S T .— O v e r 8 0 % o f th e c o m m o n a n d 6 5 % o f th e p r e f.
are d e p o site d u n d er a v o t in g tru st a greem en t t o M arch 6 1916, s u b je c t t o
term in a tion In th e d iscre tio n o f th e v o tin g trustees, v iz .: A u g u st B e lm o n t,
E d w a rd J . B erw ln d, A n d re w F re e d m a n , T h e o d o r e P . S h o n ts a n d C ornelius
V a n d e r b ilt.
V . 9 2 , p . 461 , 527 , 659, 1108; V . 94, p . 911 . •,
■'’*
got.,
1912.]
K
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ci-AREMONpark 'v
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INTERBOROUGH RAPID TRAI
COMPANY
MAP
S H O W IN G
P R E S E N T
E L E V A T E D
A N D
P R O P O S E D
S U B W A Y
A N D
L IN E S
E X T E N S IO N S
S u b w ay
E le v a te d
S h ow n
S h ow n
f
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4 .
RAILWAY STOCKS AND BONDS.
HOBOKEN Weeh;
66
R AILW A Y STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
I llin o is S ou th ern — 1st M s o ld 5 3 ,0 0 0 ,0 0 0 _______ F C .o ’
In c o m e b on d s $ 1 ,3 8 0 ,0 0 0 a u th o r iz e d _________ I C .c '
Illin o is T erm in a l— 1st M 550 0 ,0 0 0 g o ld red p a r ____ IC
Illin o is T u nnel C o— S ee C h ica go S u b w a y C o.
Miles Date
Road Bonds
135
Text
1911
Par
Value
Amount
Outstanding
Rate
%
5 g
J
& D Jun e 1 1951
First T r & S a v B k , Chlo
5 g
J
&
Jun e 1 1951
J Jan 2 1925
Illinois T r & S a v B k , Ch
6
J
&
D Jun e 1927
P ittsb u rg h , P a
2 - 4 g ,T
,r
4 g
6 g . j
&
&
&
J J u ly 1 1957
J J u ly 1 1957
J Jan 1 1927
N ew Y o r k
N ew Y o r k C ity
Central T ru s t C o, N Y
&
N M a y 1 1926
1905
$1,000
1,000
1,000
$ 1 ,6 9 9 ,0 0 0
1,380.006
4 5 0 ,0 0 0
1907
1,000
2 6 5 ,0 0 0
1,000 &c
2 ,5 0 0 .0 0 0
1 ,7 2 5 ,0 0 0
2 ,5 0 0 ,0 0 0
In d ia n a D eca tu r & W es tern — See CIn In d & W esteri
In d ia n a H a rb or B elt— G en M $ 2 5 ,0 0 0 ,0 0 0 g G .x c * & r
1907
* do
do
do
1907
C h ic H a m & W first m ortg a g e g o ld a s s u m e d . .c * & r 2 7 .4 8 1897
In d ia n a Illinois & I o w a — See C h ica go In d & S o u th .
I n d ia n a p o lis & L ou isville— See C h icago In d ia n a p o lis & L o u Isville
In d ia n a p o lis U n— 1st M g old s f n o t c a lla b le . .
F P .c '
93 1886
I n te r b o r o u g h -M ct C o — C om s to c k 5 1 0 0 ,0 0 0 ,0 0 0 a u t h .
P r e f stlc 5 % cu m (also pref as to assets) $ 5 5 ,0 0 0 ,0 0 0 . ___
C oll tru st b on d s g sec b y In t R T s to c k s f t e x t c * & r
___ 1906
C oll tru st notes $1 5 ,0 0 0 ,0 0 0 g o ld call 1 0 2 .......... B a .c
1907
C ollateral trust n otes e x te n d In 1908, TO, ' l l a n d T 2
1907
F iv e -y e a r n otes (V . 91, p . 38; V . 92, p . 1 8 3 )..........
___ 1910
T w o -y e a r l o a n . . ....................................... ............................
1911
Text
In te r b o r o u g h R a p id T ra n sit— S t o c k $ 3 5 ,0 0 0 ,0 0 0 ___
G old M $ 5 5 ,0 0 0 ,0 0 0 red 105 (V 93, p 1725) .G .x c * r
___ 1907
N e w first m ortg a g e g o ld (see t e x t ) .......... ...................
1912
N ine m on th s n o t e s __________________________________
1912
In tern ation al & G reat N orthern— Secu rities t o b e o u ts ta n d ’ g u nd er
___ ____
C om m o n s to c k , see t e x t ________________________
P referred s to c k (p & d) n o n -c u m (see t e x t ) .
___ ____
F lrst m ortg a ge g o ld ____________________________________ 1,109 1879
C o lo ra d o B ridge b o n d s sin k in g f u n d _______________F
___ 1880
1st r efu n d in g M $ 5 0 ,0 0 0 ,0 0 0 g o ld red 1 1 0 ________ Ce 1,109 1911
T h re e -y e a r 5 % secu red n otes r e d e e m a b le 101 g - . C e
—
1911
E q u ip m e n t trust ce r tific a te s ___________________
San A n to n io S ta tio n lo a n _______________________
In tern R y s o f C en t A m — O rd in a ry sh ares_____
P re fe rre d s to c k 5 % and p a rtlc see t e x t _______
___ ____
G u a tem a la Cen tral 1st m o rtg a g e g o l d ___________Em 142
1886
I n te rn a t R y s (2d M on G uat C e n t)________________ .
142 )3 1912
M tg g red 102 'A -------- ------------------------------------------E m .x
—
1912
I n te r o c c a n ic R y o f M e x — 1st p r e f s tk , 5 % n o n - c u m ..
___ ____
S e c o n d preferred s t o c k 4 % (V 8 7 , p 1 1 6 0 )_________
___ ____
4 % d e b e n tu re s to c k su b j t o call a t par £ 1 ,1 5 0 ,0 0 0
O rd in a ry s t o c k ____________ _______________ ______
___
500 &c
[VOL. L X X X X V .
1,000
9 2 8 ,0 0 0
4H g
100 9 3 ,2 6 2 .1 9 2
100 4 5 ,7 4 0 ,0 0 0 S ee t e x t
1,000 &c 6 7 ,8 2 5 ,0 0 0
4 )3 g
1,000 &c A s c o lla to r s 1
5 g
6
2 ,0 3 9 ,5 2 0
4 ,0 0 0 ,0 0 0
6
1,817,000
6
100 3 5 ,0 0 0 ,0 0 0 S e e t e x t
1,000 &c 3 3 ,9 5 9 ,0 0 0
5 g
15,0 0 0 ,0 0 0
reorganlz a tlo n pla n .
100
S ec text
100
3 ,4 0 0 ,0 0 0
500 &c 1 1 ,291,000
1,000
198,000
$ £ fr
See t e x t
1 1,000,000
27fi,000
42,000
100 3 0 ,0 0 0 .0 0 0
100 1 0,000,000
£ 1 0 0 $2,5 0 0 ,0 0 0
£20
3 ,5 0 0 ,0 0 0
£ , fr. &c £ 1 ,0 0 0 ,0 0 0
S to ck £ 1 .4 0 0 .0 0 0
S to c k £ 1 ,0 0 0 ,0 0 0
£ 1 .1 5 0 ,0 0 0
S to c k
£ 1 .7 0 0 .0 0 0
When
Payable
M
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Q— J
J u ly 1 '0 7 1 H%
A
& O A p r 1 1956
J
&
J Jan 1 1913
Jan 1 1913
J
& J J u ly 1 1915
D ec 22 1913
Q — J O ct 119 1 2 2 ) 4 %
M & N N ov 1 19 52
53 years
F id e lity T r u s t C o , P h lla
W in d s o r T r u s t C o , N Y
B ankers T r u s t C o , N Y
do
do
B e lm o n t & C o , N ew Y o r k
165 B r o a d w a y
5 B
See
text
6 g
7
5 g
5
See
te x t
0 g
2 to 5
5 g
See te x t
4 In 1911
4
See
M
M
F
F
te x t
& N
& N
& A
& A
See text
A & O
M
& N
M
& N
S e c te x t
See te x t
\r a* 5? 1 a
Aug
N ov
M ay
Aug
Aug
1 1912 1 %
1 1919
E q u ita b le T r C o, N Y
1 1920
O ffic e , 165 B ’ w a y , N Y
1 1941
11914
A u g lS T 2 1 M %
A p r 1 1916
O ffic e , 17 B a tte r y PI, N Y
M ay 1 1972
do
do
M ay 1 1972
E m p ir e T r C o .N Y .L o n , & c
N o v 24 1911 2 M L o n d o n
N o v 24 1 9 1 1 4 %
do
S e p t 15 1950
do
B O N D S .— T h e colla tera l tru st 4 )S s o f 1906 (W in d so r T ru s t C o ., N . Y . ,
tru stee) are secu red b y p le d g e o f all th e s t o c k o f th e In te rb o ro u g h R a p id
T ra n sit C o. o r v o t in g tru st c e rtifica te s th e re fo r a cq u ire d a t th e rate o f $1,000
In b on d s fo r $500 In te r b o r o u g h R a p id T ra n sit C o. s to c k . V . 8 2 , p . 280 .
A sin k in g fu n d (p r o v id e d b y Increased distrib u tion s o n In te rb o r. R a p id
T ra n sit sto ck ) w as establish ed In Ju n e 1910, $30 0,00 0 t o be ap p ro p ria te d
y e a r ly o u t o f surplus In com e a fte r interest an d taxes t o purchase bond s at
n o t o v e r par, b o n d s a cq u ire d t o be k e p t aliv e In the sinking fu n d
The
fu n d . It is es tim a ted , w ill e x c e e d $ 4 0 ,0 0 0 ,0 0 0 b y 1956. V . 9 3 , p . 066
T h e $ 1 5 ,0 0 0 ,0 0 0 c o ll, tru st 5 % n otes o f 1907 e x te n d e d in 1910 (see c o l
la tera l, V . 84, p . 1 2 4 8 ), are p le d g e d to secure $ 2 ,0 3 9 ,5 2 0 6 % n o te s (e x te n
d ed ) d u e J a n . 1 1913.
V . 8 5 , p . 1401; V . 86, p . 1285; V . 94, p . 68.
I n J u ly 1910 $ 4 ,0 0 0 ,0 0 0 n o te s w ere so ld t o settle litig a tio n an d t o b e cre d
ited o n s to c k lia b ility In M et. S e cu r. C o.
V . 91, p. 3 8 ; V . 92, p . 183. In
In D e c. 1911 issued $ 1 ,8 1 7 ,0 0 0 2 -y e a r 6 % g o ld n o te s, s e c u r e d b y d e p o sit
o f a b o u t $ 1 5 ,4 0 0 ,0 0 0 N . Y . R y s . s t o c k , t o m e e t S t. R y . assess. V . 9 4 ,p .2 0 7 .
Sale of $ 1 7 0 ,0 0 0 ,0 0 0 New First Mortgage 53-Year 5 % Cold Bonds.
T o c o v e r th e c o m p a n y ’s re q u ire m e n t u n d e r th e plan th ere h a v e b e e n sold
t o J . P . M o rg a n & C o ., an d th ro u gh th e m to a s y n d ic a te , $ 1 7 0 ,0 0 0 ,0 0 0 n ew
1st M . 5 % 5 3 -y e a r g o ld b o n d s, to be ta k e n an d paid fo r in fo u r y e a r ly in
s ta llm e n ts, v iz .: in 1912-13, $ 7 8 ,0 0 0 ,0 0 0 ; 1913-14, $ 3 0 ,0 0 0 ,0 0 0 ; 191 4-1 5.
$ 3 0 ,0 0 0 ,0 0 0 ; 1915-16, $ 3 2 ,0 0 0 ,0 0 0 . S ee V . 94, p . 1507, 1565, 1249.
T h e m o rtg a g e secu rin g the b o n d s w ill also p r o v id e fo r th e issue o f such
a d d itio n a l a m o u n ts as m a y be n e e d e d fo r exte n sio n s an d Im p ro v e m e n ts as
m a y be au th o riz e d b y th e c it y an d agreed to b y the c o m p a n y d u rin g the
p e rio d o f th e lease— as p r o v id e d In the a greem en t.
A cu m u la tiv e sin kin g fu n d o f 1% w ill begin 5 years fro m th e d a t e o f o p e n
ing th e new s u b w a y , o r in a n y e v e n t n o t m ore than 10 years fro m th e d a te of
th e b o n d s.
B o n d s m ay be draw n fo r th e sin k in g fu n d at 110, o r b o u g h t in
th e m arket at a low er p rice , and b y th e o p e r a tio n o f the sinkingS fund th e
w h o le Issue w ill be a m o rtiz e d d u rin g th e term o f the lease. T h e c o m p a n y
reserves th e rig h t to increase th e sin k in g fu n d a t a n y tim e.
R E P O R T .— R e p o rt fo r y e a r e n d in g J u n e 30 1912, in V . 95, p . 7 4 7 . T o ta l
receip ts, $ 5 ,7 5 3 ,8 3 1 ; In t., ta x e s, & c., $ 3 ,6 2 8 ,5 2 4 ; b a l., su rp ., $ 2 ,1 2 5 ,3 0 7 .
Company's Prior Claim on Net Earnings When New Construction Is Completed.
I N T E R B O R O U G H R A P I D T R A N S I T C O . — (See Map). — I n c o r p o r a te d
M a y 6 1902 in N . Y . , an d is n o w o p e r a tin g m u n icip a l tu n n el R R . In N . Y .
C ity , e x ten d in g , w ith tw o tr a c k s , fro m B a tte r y t o C ity H a ll, an d as a fo u rtra ck line fro m th e C ity H all (w ith tw o -tr a c k lo o p a t th a t poin t) u nd er new
E lm S t ., F ou rth an d P a rk a v e s ., t o 42 d S t ., th e n ce u n d er 4 2 d S t. an d B r o a d
w a y t o 103d S t.; also as tw o -tr a c k lines, p a r t ly v ia d u c t , (a) fro m 103d S t .,
o n th e W e s t S ide, t o V a n C o rtla n d t P a rk , (6) fro m 103d S t. t o th e E a s t Side
a n d B r o n x P a rk .
E x te n sio n (tw o -tr a c k ) u nd er th e E a st R iv e r v ia F u lto n
a n d F la tb u sh a ves. t o A t la n t ic A v c . , B r o o k ly n , 2 H m iles, there c o n n e c t
in g w ith th e L o n g Isla n d R R ., w as o p e n e d M ay 1 1908. T o t a l, a b o u t 85
m . o f tra ck ( i n c l .l 2 m . sid in gs, & c.) o n 2 5 )3 m iles o f ro a d (o f w h ich 18)3
s u b w a y an d 7 e le v a te d ); leases M a n h a tta n (E le v a te d ) R y ., 118 m .; su rface
lines o w n e d or c o n tr o lle d , 155 m .; t o ta l, 3581 m iles. V . 77, p . 827; V . 80,
p. 222 , 1912; V . 8 4 , p. 1306; V . 8 5 , p . 600, 654 , 1005: V . 8 6 . p . 108, 1100.
O w ns s to c k o f N . Y . & Q ueens C o u n ty R y ., 74 m iles, an d (Join tly w ith
L o n g Isla n d R R .) the N . Y . & L . I . T r a c tio n C o. an d L o n g Isla n d E le c. R y .,
t o ta l, 62 m iles. V . 8 0 . p . 262 1; V . 83, p . 81 8 ; V . 86, p . 1100.
New Lines.— In M a y 1912 th e c it y a u th o ritie s e n tered Into agreem en t
w ith this c o m p a n y (V . 94, p . 1507, 1566) an d th e B r o o k ly n R a p id T ra n sit
C o ., p r o v id in g , s u b je c t t o th e a p p ro v a l o f the c o u r t, fo r e x p e n d itu re s aggre
g a tin g a b o u t $ 2 6 0 ,0 0 0 ,0 0 0 fo r th e e sta b lish m e n t o f co m p re h e n s iv e du a l
sy stem s o f rapid transit se rv in g all b o ro u g h s .
F o r this c o m p a n y th e new
c o n s tr u c tio n w ill m ea n :
Lines to be Operated (exclusive of Manhattan
Ry. and Sidings)—
Road Track
Miles. Subw.
.. 2 5 .7
56.1
•- 4 8 .5
7 5 .6
Track Total
Elev. Track.
16.9
7 1 .5
73.0
147.1
- 7 4 .2
131 .7
8 8 .4 220 .1
T h e new lines (to be b u ilt Jointly) here in clu d e : (1) L e x in g to n A v e .
s u b w a y e x te n d in g , w ith 4 track s, fro m a c o n n e c tio n w ith th epresen t su b w a y
s o u th o f 42 d S t. n o rth e rly t o 135th S t. in th e B r o n x , th ere fo rk in g (a) to
J e r o m e A v e . w ith 3 -tra ck e le v a te d e x te n s io n th ereon to V a n C o rtla n d t Park
a n d W o o d la w n C em etery; (b) as a 3 -tra ck s u b w a y v ia 138th S t. an d S o u th
ern B o u le v a rd to W h itlo c k A v e ., th e n ce as a 3 -tra ck e le v a te d road to Pel
h a m B a y P a rk .
(2) 7 th A v e . s u b w a y (4 tracks) c o n n e c tin g a t Its n orthern
e x tr e m ity o n 42d S t. w ith a line to th e S te in w a y tu n n el (w h ich w ill be co m e
th e p r o p e r ty of th e c ity an d be leased b y th e I n t e r b o r o u g h ), a llo r d ln g access
t o L o n g Isla n d C ity , an d th en ce v ia new e le v a te d lines t o (a) D itm ark
A v c . ; ( b) C oron a an d VVoodslde. T h e 7 th A v e . s u b w a y w ill a t its sou th ern
en d d iv id e so as t o reach b o th th e B a tte r y a n d ,(v ia a n ew tunnel u n d er the
E a s t R iv e r t o Clark S t ., B r o o k ly n , an d th e present s u b w a y ,) tb e F latbu sh
A v e . (L . I. R R ) d e p o t , w h e n ce It w ill run w ith 4 tracks alo n g E a stern P a rk
w a y t o B u ffa lo A v e ., w ith 2 -tra ck e le v a te d e x te n s io n o n L iv o n ia A v e . to
N ew L o ts r oa d . M a n h a tta n R y . Is t o h a v e th ird tra ck o n 2 d ,3 d a n d 9 t h A v e s.
Cost to City and Company— Company's Total Requirement, $ 1 6 7 ,1 5 6 ,9 5 0 .
City.
Company.
Total.
C ost o f c o n s t r u c tio n ...........................$ 5 6 ,6 4 9 ,2 5 0 * $ 5 6 ,0 0 0 ,0 0 0
C ost o f e q u ip m e n t ......................................................
2 1 ,0 0 0 ,0 0 0
M a n h a tta n R y . im p ro v e m e n ts ...............................
3 0 ,0 0 0 ,0 0 0
O th e r ch arges, in cl. d is c o u n t .................................
9 ,5 0 0 ,0 0 0
R e fu n d in g present d e b t ............................................
5 0 ,6 5 6 ,9 5 0
$11 5 ,6 4 9 ,2 5 0
2 1 ,0 0 0 ,0 0 0
3 0 ,0 0 0 ,0 0 0
9 ,5 0 0 ,0 0 0
5 0 ,6 5 6 ,9 5 0
* N o t o v e r $ 5 6 ,0 0 0 ,0 0 0 , c it y t o m e e t a n y a d d itio n a l c o s t.
Subway Leases, New and Old, to Run 49 Years— Re-Capture.
U n d e r the term s o f th e c o n tr a c t th e In te r b o r o u g h R a p id T ra n sit C o. will
m o d ify Its presen t leases, fixin g the e x p ir a tio n o f all its s u ln v a y leases at 49
years fro m the c o m p le tio n o f th e new su b w a y s , w h ich shall be n o t m ore
th a n 4 years fro m th e lettin g o f th e fo rm a l c o n tr a c ts , w ith a llo w a n ce fo r
co n tin g e n cie s . T h e c o m p a n y w ill be a u th o riz e d t o tak e a n n u a lly during
this p eriod fro m the a ggregate net earnings o f th e o ld a n d new su b w a y s the
su m o f $ 6 ,3 3 5 ,0 0 0 , bein g the a vera ge a m o u n t o f the n e t earnings d u rin g the
last tw o years o n th e present s u b w a y ; also th e sum o f $ 4 ,6 2 0 ,0 0 0 , the
e q u iv a le n t o f 5 % in t. and 1 % sin k , fu n d , o n th e In vestm en t b y th e c o m p a n y
o f $ 7 7 ,0 0 0 ,0 0 ) o f new m o n e y , v iz .: $ 5 6 ,0 0 0 ,0 0 0 , th e c o m p a n y ’s c o n tr ib u
tio n to w a rd the c o s t o f co n s tr u c tio n , an d $ 2 1 ,0 0 0 ,0 0 0 , th e e stim a te d to ta l
c o s t o f e q u ip p in g th e new su b w a y s . T h e se p a y m e n ts are t o be a first charge
o n su ch net earnings an d are to be c u m u la tiv e .
A ll new lines c o n s tr u c te d are a fte r 10 years t o be s u b je c t t o re ca p tu re
b y th e c ity In grou p s u p o n p a y in g th e c o m p a n y the c o s t o f Its Investm ent
plus 1 5 % , w h ich sum d ecreases as th e term co n tin u e s, a n d th e a ctu a l cost
o f Its e q u ip m en t, less sin k in g fu n d an d d eferred m a in te n a n ce . T h e new
e q u ip m e n t to the e x te n t a m o rtiz e d fro m th e sin k in g fu n d t o b e c o m e the
p r o p e r t y o f the c it y u p o n te rm in a tio n o f lease.
A v e ra g e ann ual earnings o f presen t s u b w a y d u rin g last 2 y e a r s . . $ 6 ,3 3 5 ,0 0 0
5 % interest a n d 1 % ann u al sin k in g fu n d o n $ 7 7 ,0 0 0 ,0 0 0 , the
4 ,6 2 0 ,0 0 0
a m o u n t o f In te r b o r o u g h ’s new In vestm en t in s u b w a y s ............
In te re st and annual sin k in g fu n d o n a p p ro x im a te ly $ 3 0 ,0 0 0 ,0 0 0
new ca p ita l Invested in e le v a te d r a ilw a y s .............................. .........
1 ,8 0 0 ,0 0 0
P rofits fro m M a n h a tta n R y . lease an d o th e r In com e, w h ich
d u rin g th e last tw o years h a v e a v e ra g e d a n n u a lly ......................
1 ,8 1 3 ,0 0 0
T o t a l c o m p a n y ’s p rio r cla im (cu m u la tiv e ) o n n e t ..... ................ $ 1 4 ,5 6 8 ,0 0 0
A ft e r the fo re g o in g p a y m e n ts th e c it y w ill take o u t 8 .7 6 % o n Its ln v e s tm ’ t .
Average Annual Earns. Past Two Years and Estimate for Completed Property
Aver.Past — Est. Completed Prop .—
(In clu d in g M a n h a ttan R y . lease.]
2 Years.
First 5 Yrs.
4 th Year.
N e t a v a ila b le fo r i n t e r e s t . . ...............$ 8 ,1 4 8 ,0 0 0
$ 1 3 ,0 3 8 ,0 0 0 $ 1 5 ,0 7 5 ,0 0 0
Deduct— A n n u a l Int. o n to ta l issue o f $ 1 7 0 ,0 0 0 ,0 0 0 now b o n d s . . $ 8 ,5 0 0 ,0 0 0
A n n u a l sin k in g fu n d u p o n th e b o n d s, w h ich w ill n ot begin , h ow
ev e r, u n til 5 years a fte r en larged sy stem Is p u t in o e p r a t l o n ..
1 ,7 0 0 ,0 0 0
T o t a l d ed u ction s (Incl. sin k in g fu n d b e g in , a fte r 5th y e a r ) ___ $1 0 ,2 0 0 ,0 0 0
B a la n ce , su rplu s, u p o n a b o v e b a s is ....................................................... $ 4 ,8 7 5 ,0 0 0
In te re st du rin g the c o n s tr u c tio n p e rio d has b e e n p r o v id e d fo r as p art of
th e c o s t o f th e w o rk . A s in d ica te d a b o v e , th e c o m p a n y be lie v e s th a t w hen
th e new s u b w a y s are o p e n fo r o p e r a tio n , th e earnings o f th e p r o p e r ty w ill
s h o w fro m th e sta rt an a m p le m argin a b o v e all fixed ch arges.
C O N T R O L .— In D e c. 1907 $ 3 3 ,9 1 2 ,5 0 0 o f th e $ 3 5 ,0 0 0 ,0 0 0 s t o c k had
been e x ch a n g e d fo r 2 0 0 % in 4 )3 % co lla te ra l tru st b o n d s o f th e In te r b o r o u g h
M e tro p o lita n C o . (w h ich see a b o v e ) , secu red b y th e s to c k e x c h a n g e d .
C O N T R A C T S .— C o n tra ct N o . 1 w ith c it y ca lle d fo r th e c o n s tr u c tio n o f
th e road fro m C ity H all n o rth fo r $ 3 5 ,0 0 0 ,0 0 0 an d Its lease t o th e c o m p a n y
at a ren tal equal to th e Interest o n the c it y ’s b o n d s Issued fo r co n s tr u c tio n
(b u t n o t fo r easem ents, & c .), an d a sin kin g fu n d o f 1% y e a rly to retire th e
b o n d s. See p r o v is io n , V . 82, p. 1157. In D e c. 1907 $ 5 ,9 3 4 ,7 9 8 w as al
lo w e d fo r e x tra co n s tr u c tio n .
V. 8 5 , p . 1461. T h e c o m p a n y also at Its
o w n e x p e n se p ro v id e d th e ele ctrica l e q u ip m e n t (co stin g o v e r $ 2 6 ,0 0 0 ,0 0 0 ;
see V . 82, p . 4 5 2 ).
F o r c o n tr a c t sec V . 69, p . 1063. T h e e x te n s io n from
C ity H a ll, A lanh attan, t o B r o o k ly n (co n tr a c t N o . 2) w as b u ilt w ith o u t aid
fro m the c it y e x c e p t a b o u t $ 4 ,0 0 0 ,0 0 0 , an d leased. V . 8 6 , p . 196: V . 75,
p . 184, 1086, 1202. S ee V . 76, p . 101, 1234. A s a m e n d e d in 1912 th e
lease is to term in a te in 49 years fro m th e op e n in g o f th e new su b w a y s (see
a b o v e ) , th e c it y t o h a ve the rig h t a fte r 35 years to take o v e r the u n e x p ired
p o r tio n o f leases u n d e r c o n tra cts N os. 1 an d 2 (see below ) u p o n p a y m e n t
o f th e ir th en w o rth , if It shall take o v e r a n y o f the Hues u n d e r th e new
c o n tr a c t (o f 1912) a fte r 10 years.
D I V I D E N D S .— J u ly 1904, 2 % ; 1905, 8 H % : 1 9 0 6 .8 ) 3 % : 1907 t o J u ly
1911, 9 % y e a rly ( Q .-J .) .
In O c t . 1911 2 ) 3 % regular an d 1 % e x tr a , t o
b rin g th e disbu rsem en ts for the past y ear to 1 0 % .
In 1912, 1 0 % ( 2 ) 4 %
Q -J ), and In Jun e 1912 special 5 % , m a in ly fro m su rplu s p r o fits o f R a p id
T ra n sit S u b w a y C o n stru ctio n C o . V . 9 4 , p . 169 5.
E A R N I N G S .— F o r 2 m o n th s e n d in g A u g . 3 1 :
Cross
Net (after
Other
Chges. (incl.
Balance.
2 Months.
Earnings
Taxes).
Income. Manh. guar.) Surplus.
1 9 1 2 _______ $ 4 ,6 0 0 ,5 6 0
$ 2 ,1 5 3 ,3 9 4
$ 5 6 ,4 0 9
$ 1 ,8 3 8 ,0 7 2
$371,731
1911
4 .2 3 3 ,8 9 0
1,863,821
5 1 ,7 5 2
1,7 9 3 ,9 3 7
121,636
R E P O R T .— R e p o rt fo r ye a r e n d in g J u n e 30 1912, V . 9 5 , p . 614 , 677 .
Year ending June 30—
191 1-1 2.
1910-11.
1909-10.
Gross o p e ra tin g re v e n u e ______________ $ 3 1 ,2 4 6 ,3 9 2 $ 29 ,767 ,35 2 $2 8 ,9 8 7 ,6 4 8
O peratin g e x p e n s e s ____________________ 1 3 ,0 4 7 ,8 0 2 $ 1 2 ,368 ,98 2 $11 ,013 ,14 3
T a x e s . . ? . . . . ..............................................
1 ,979,431
1 ,9 2 5 ,0 9 0
1,7 5 0 ,4 2 2
I n c o m e fro m o p e r a t io n ______________ $16 ,2 1 9 ,1 5 9 $ 15 ,473 ,28 0 $16,224,0.33
N o n -o p e ra tin g In co m e ________________
1 ,305,200
3 3 9 ,9 1 5
4 1 1 ,024
Gross In co m e _________________________ $1 7 ,5 2 4 ,3 5 9 $ 15 ,813 ,19 5 $ 1 6 ,635 ,10 7
T o ta l d e d u ctio n s _______________________ $ 1 1 ,0 0 0 ,5 9 3 $10 ,6 7 3 ,1 5 8 $10 ,5 5 2 ,9 6 0
D ivid e n d s ( 9 % ) .................................. a 5 )5 ,2 5 0 ,0 0 0 (1 0 )3 ,5 0 0 ,0 0 0 (9 )3 ,1 5 0 ,0 0 0
S u r p lu s -.......... ............
$ 1 ,2 7 3 ,7 6 6
$ 1 ,6 4 0 ,0 3 7 $2,9 3 2 ,1 4 7
D I R E C T O R S .— A u g u st B e lm o n t (C h a irm a n ), A lfre d S k ltt, A n d rew
F re e d m a n , Jo h n P e irce , G eorge VV. Y o u n g , W illia m A . R e a d , C ornelius
V a n d e rb ilt, E d w a rd J . B e rw ln d , I I . M . F ish er, G erald L . H o y t , T h c o . P .
S h o n ts, F . d c C. S u lliva n , N ew Y o r k ; a n d G ardin er M. L a n e , B o s t o n ,
P res., T . P . S h on ts: V .- P ., F ran k H e d le y , D avid W . R o s s ; S e e ., H . M .
Fisher; T re a s ., J o h n II. C a m p b e ll.
O ffic e , 165 B ’ w a y , N ew Y o r k —
( V . 9 4 , p . 1185, 1249, 1507, 1565, 1626. 1695: V . 95, p . 41 7 , 614 , 677 .)
IN T E R N A T IO N A L & G R E A T N O R T H E R N R Y .— (See Map M issouriPaclfic .)— T o ta l system J u ly 1912, 1.159 m iles, v iz .:
Lines owned—
Miles.
Joint trackage—
Miles
L o n g v ie w , T e x ., to L a r e d o _______ 494 G a lv e sto n H o u s to n & H e n d e rso n
P alestine to H o u s to n , T e x 1 50
(Jointly w ith M .
K . & T . ) ________50
M ln eola, C o lu m b ia , & o ____________ 121 O t h e r l l n e s .. ________ ___________
20
F o rt W o rth to S p r in g _____________ 261 H o u sto n O ak L a w n & M a gn olia
N a v a so ta to M a d ls o n v llle __________ 47
P a rk R y _________________________ 10
_
O F F I C E R S .— P res., T . P . S h o n ts; V .- P s ., H . H . V re e la n d , E . M ora
D a v is o n , D . W . R oss; S e c ., I I . M . Fisher: T r e a s .. J . H . C a m p b ell. O ffice ,
165 B ’ w a y , N . Y . — (V . 9 4 , p . 68, 203 , 207 , 911 , 1695; V . 9 5 , p . 747.)
Oct., 1912.]
R A ILR O A D C O M P A N IE S
[F o r abbreviations, & c ., see notes on first page]
In tc ro c ca n ic R y o f M c x — (Con)
D e b en tu re sto ck 7 % “ B ” su bj to call 1 2 0 noi
S ec o n d deb en tu re stock red a t 1 0 5 since 1911
M e x E d eb stock £ 4 5 0 ,0 0 0 guar red a t 10 5 beg
Io w a C en tra l— S ec M in neapolis & S t L ou is
M iles
Road
___
...
31
8
37
87
Joplin U nion S ta — 1st M gu J 'tly red 10 5 a ft 5 y r s .c
J u n ction (P h ilad e lp h ia)— See P en n sy lv a n ia R R
K a n a w h a B ’ g e & T e r C o — 1st M g r e d l0 5 b eg 16 sf FI
K a n a w h a & C oal R iv er— J oint M 5 7 5 0 ,0 0 0 gold s f . .
K a n a w h a & M ich — S to c k 5 1 0 ,0 0 0 ,0 0 0 .................................
1st M 5 1 5 ,0 0 0 per m ile g guar p & I---------------- C c .c
S ec o n d m tg e 5 2 ,5 0 0 ,0 0 0 au th gold red p a r . . Q xc
E q u ip m e n t bon d s d u e 5 2 3 ,0 0 0 s e m i-a n n u a lly --------do
do
d u e p a rt se m i-a n n u a lly ___________
do
do
______________________ __________________
do
gold 5 6 0 ,0 0 0 s - a r e d p a r ( V . 9 4 ,p , 1 6 9 5 ) U n
K a n a w h a & W e s t V a — F irst M 5 5 ,0 0 0 ,0 0 0 g t e x t - . c
K a n s a s C ity B elt— See K a n C ity T e rm in a l R y
K a n s a s C ity C lin ton & S prin g— 1st M g g u a r— N B .
K a n s a s C ity F ort S cott cc M e m p h is R y —
R e f M 5 6 0 .0 0 0 ,0 0 0 gold gu ar p & I e n d .B a .x c & r
Kansas City Ft S cott & Memphis R R cons M .N B .c
C urrent R iv e r R R 1st M 5 2 0 ,0 0 0 p m g u a r ------- NB
K a n s C y & M R y & B d g e 1st M g s f d raw n a t 1 1 0 . c*
K a n s C y M e m & B Irm gen M 5 4 ,5 0 0 ,0 0 0 c u r — O B .c
Income non-cumulatlve-------------------- --------OB.c
do
sta m p ed fixed Interest red eem ab le t e x t . .
B Irm B eit 1st M gold red 102 Vi guar p & I e n d . . O B
E q u ip m e n t n otes Series A d u e 5 6 5 ,0 0 0 s e m l-a n n ___
do
Ser B 5 8 5 ,0 0 0 due s -a ( V 81 p 1044) _ .B a
Kan C ity & Memphis— A rk O k l & W 1st M g..U sm
K C & M m tg e g 5 1 8 ,0 0 0 p m red 1 0 7 Vi s f . .M S t . x c *
b
In clu d es 5 2 8 7 ,0 0 0 held a liv e
67
R AILW A Y STOCKS AND BONDS.
In
sinking
...
15
Date
Bonds
Amount
Outstanding
____
—
£100
£100
£100
1894
1909
1867
18 89
1905
1910
5 1 .0 0 0
1 ,0 0 0 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1908
1904
1 ,0 0 0
1 ,0 0 0
10 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
___
____
16 4
1890
1 9 07
1 9 06
1 9 06
1 9 09
1912
1905
35
Par
Value
1 ,0 0 0
1 ,0 0 0
£ 4 6 9 ,4 5 9
£ 1 ,3 0 0 ,0 0 (
£ 4 0 0 .0 0 0
7
4Vi
5
A
J
,r
j
A
M
M
&
&
A
&
A
M
J
J
5g
A
A
4
5
6
5
5
4
5
5
4
4
A
F
M
A
A
M
A
1885
1 ,0 0 0
3 ,2 7 4 ,0 0 0
1 ,0 0 0 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
500 Ac
500 Ac
50 0 Ac
1 .0 0 0
2 5 ,8 3 5 ,0 0 0
3 9 0 ,0 0 0
1 3 ,7 3 6 ,0 0 0
1 ,6 0 6 ,0 0 0
b 3 ,0 0 0 ,0 0 0
3 .3 2 3 ,3 9 0
2 9 3 ,7 8 0
6 ,0 2 9 ,0 0 0
1 .0 0 0 ,0 0 0
3 2 5 ,0 0 0
5 1 0 ,0 0 0
3 0 0 ,0 0 0
6 4 0 ,0 0 0
g
g
g
o
s
A
A
M A
See te x t
A
A
J
A
J
F A A 15
J
M
A
Vi g J
4Vi g F
6 g
5 g
J J u ly
n J un e
j J u ly
Apr
S ept
N M ay
1 1939
1 19 59
’ 2 7 -J a n ’ 2 9
11919
1 1925
1 1940
o A p r 1 19 4 8
s S e p t 1 19 24
J ne 2 9 ’ 1 2 , 2 H %
o A pr 1 1990
5 g
5 g
text
4 g
5 g
5
5
5
4Vi g
5 g
1901
1 8 82
1888
1 8 87
18 89
18 94
1894
18 94
1 9 02
1 9 05
1905
19 07
1911
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
L on d on
In 1 9 1 0 -1 1
L on d on
7 ’ 1 0 -’ l l S e p t 1 5 1 9 5 0
M & N 3( 1 9 5 0
J & D 15 J an 1 1 9 8 4
5 0 0 ,0 0 0
7 5 0 .0 0 0
9 .0 0 0 ,0 0 0 S ec
2 ,4 6 9 ,0 0 0
2 ,5 0 0 ,0 0 0
1 8 4 ,0 0 0
8 3 ,9 0 0
1 2 7 ,0 0 0
1 ,2 0 0 ,0 0 0
1 .0 0 0 ,0 0 0
16 2
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
When
Payable
%
5 5 0 0 ,0 0 0
5 g
1 1 .0 0 0 .0 0 C
4 g
3 0 0 ,00C 4Vi A 6
2 .8 0 0 .0 0 C
5 g
5 0 0 ,00C
5 S
6 5 0 ,0 0 0
4Vi g
0914
26
715
82
3
285
285
285
21
30
66
Rate
.1
M
A
A
N M a y 1 19 17
J Jan" ’ 1 3 -J u ly '2 2
J J u ly 1 1 9 5 5
o
o
A A
A N
A
O
A
A
S ep t
A
o
s
s
o
&
&
J
A
J
N
A
&
A
J u ly 1 1 9 27
F e b 15 ’ 1 3 -’ 16
O ct
4 Vi
G u a ra n ty T r u st C o , N Y
G ran d C en T e r m , N Y
F id e lity T r u st C o , P hila
E rie R R , N e w Y o r k
U S M tg e & T r C o , N Y
P hil T r , S D ep & In s Co
F id e lity T r u st C o , P hila
B an k ers T r u st C o , N Y
- . P . M organ & Co, N Y
en tral T r u st C o , N Y
P M o rg a n & C o , N Y
up S a v & T r C o , C leve
H H o y t , C levelan d
N orth ern N a t B k , T o le d o
1 1925
O ct 1 1936
A u g 1 1922
M ay 1 1928
O ct 1 1927
O ct 1 1929
M ch 1 1 9 3 4
M ch 1 1 9 3 4
M ch 1 1 9 3 4
O ct 1 1922
T o Jan 1 1 9 1 5
F e b '1 3 -A u g ’ 15
J an 1 19 47
M a y 1 1961
B ankers T r u st C o , N Y
O ld C olon y T r C o , B osto n
B ank T r u s t, N Y ; & B o st
O ld C olon y T r C o , B osto n
B ank T r C o , N Y ; & B o st
do
do
do
do
do
do
do
do
do
do
1
fu n d s
O R G A N I Z A T I O N .— In corp orated In T e x a s on A u g . 10 19 11 an d has
su cceeded the I n t . & G reat N o r . R R . foreclosed Jun e 13 1 9 1 1 .
The 3d M ,
b on d h old ers’ c o m m itte e b ou gh t u p p ractically all of the 2 d M . b on d s a t
p ar an d In t. an d recap italization Is p en din g per plan In V . 9 2 , p . 1 3 1 0 .
s u b je c t to v a lu ation to be fixed b y T e x a s R R . C om m issio n .
V . 93 , p. 1105.
T h e I . & G. N . H o ld in g C orporation w as in corp orated In V irgin ia in N o v
19 11 w ith 5 5 ,5 0 0 ,0 0 0 c ap ital sto ck to b e used in th e reorgan ization o f the
railroad c o m p a n y In such a w a y as to preserve th e e q u ity o f th e 3 d M . bon d
h olders In case th e T e x a s R R . C o m m , d o n o t allo w a greater v a lu a tio n than
5 3 0 ,3 0 5 ,0 0 0
for the I . G . N .
See V . 9 3 , p . 1 3 8 6 ; V . 9 5 , p . 1 7 6 .
H old ers o f 5 2 ,9 6 1 ,0 0 0 3 d M . b ond s will receive c o m m o n sto ck to an
a m o u n t n o t ex ceed in g the par o f th e b ond s an d overd u e in terest thereon.
B o n d s d ep osited to M a y 9 1 9 1 1 to c om e ah ead of those thereafter d ep osited In
d istrib u tio n — see S T O C K b elo w .
D e p o sita r y , E q u ita b le T r . C o ., N . Y .
A n n u a l fixed charges o f n ew c o m p a n y will aggregate 5 1 .3 4 9 ,8 4 0 an d after
p a y m e n t or red em p tion o f n otes 5 1 .4 0 7 ,3 4 0 .
,
T h e cash required ( 5 1 5 ,3 4 0 ,0 0 0 ) h as been raised as follow s: (a) b y the sale
to b ank ers o f 511.OO0.OO0 3 -y e a r 5 % n otes red eem ab le a t 1 0 1 % an d Int.
on 3 0 d a y s ’ n otice, secured b y d ep osit o f 5 1 3 ,7 5 0 ,0 0 0 1st r e f. M . b o n d s, of
w hich 5 1 2 ,1 5 0 ,0 0 0 h a s been d ep osited b y the new c o m p a n y an d 5 1 ,6 0 0 ,0 0 0
b y th e sy n d ic a te : an d (ft) b y th e sale to a syn d ic ate o f 5 1 ,6 0 0 ,0 0 0 1st ref.
M . b o n d s, 5 3 ,4 0 0 ,0 0 0 p ref. stock an d 5 2 .5 0 0 ,0 0 0 c o m m o n s to c k .
I n case
b o ro to N e w p o r t. S to c k , 5 6 0 0 , 0 0 0 . B o n d s , B a n k of C o m m erce & T r u s t
C o-. M em p h is, tr u s te e . F o r 1 9 1 1 - 1 2 , g ro s s, 5 2 2 1 ,5 2 9 ; n e t , 5 6 3 , 2 1 3 . I n
1 9 1 0 - 1 1 , g ro ss, 5 1 8 5 ,2 5 2 ; n e t , 5 6 2 .2 5 7 : c h a rg e s , 5 4 8 ,5 0 7 ; d lv s ., 5 5 ,2 5 0 ;
b a l .. s u r .. 5 8 , 5 0 0 . P r e s ., R . L e e W ils o n , O ffice, J o n e s b o r o , A r k . —
(V . 9 3 , p . 1 0 2 2 ; V . 9 4 , p . 8 2 6 .)
JOPLIN UNION DEPOT CO,— O w n s u n ion freigh t an d p assen ger sta tio n
on 2 6 acres a t J o p lin , M o ., co m p le te d in 1 9 1 1 , u sed b y th e A tc h iso n T o p i k a
« S a n ta F e , K a n sa s C ity S o u th e r n , M issou ri K a n sa s & T e x a s an d M issou ri
& N orth ern A r k a n sa s, w hich Jointly ow n th e 5 4 0 ,0 0 0 stock and Jointly
an d sev erally gu aran tee th e b o n d s, p rln . an d In t.
O f th e b on d s ( 5 7 5 0 .0 0 0
a u t h .) , 5 6 5 0 ,0 0 0 so ld . T o t a l sto ck a u t h ., 5 5 0 0 ,0 0 0 .— ( V . 9 0 , p . 5 0 2 , 6 2 7 .)
KANAWHA BRIDGE & TERMINALCO.— O w n s b ridge across th e G r e a t
K a n a w h a R iv er near C h arlesto n , W . V a ., u sed for r a ilw a y , stre et ra ilw a y
an d general tra fflo .
S to c k , 5 4 0 0 ,0 0 0 . purchased b y C h es. & O h io In D e c .
1 9 1 0 , w hich operates p ro p e rty
B o n d s, see ta b le an d V . 9 1 , p . 1 6 2 9 .
For
year en d ing J u n e 3 0 1 9 1 2 , gross, 5 3 9 ,3 8 8 ;n e t in co m e , 5 3 2 ,1 2 3 ; In t. an d t a x e s .
5 3 0 ,0 6 4 ; b a l., s u r ., 5 2 ,0 5 9 .
KANAWHA & MICHIGAN RY.— (See Map Toledo
&
Ohio Central.) —
O w n s C ornin g, O . , to G a u le y on C h es. & O h io , 1 7 6 m iles, less 1 8 m iles.
P o m e r o y to G alllp olls, an d 1 m ile , A th e n s to A r m lt a g e , w here H o c k in g
V a lle y R y . tracks are u sed .
A ls o ow n s branch o f 11 m iles leased to T o le d o
& O h io C entral an d C o l. S a n d u sk y & H o o k in g R y . c o m p a n ie s.
the valuation fixed by the Texas R R . Comm, calls for an amount of new
securities less than the amount called for by the plan, the reduction will
o .— R e o r g . In A p r il 1 8 9 0 o f K . & O . R y . foreclosed (see
affect first the amount of new common stock to bo given for the old 3d M. V . H5 0I S, Tp .O4R5 1Y,, 4&
8 3 ).
I n 1 8 9 0 a m a jo r ity o f sto ck ( 5 4 ,6 0 0 ,0 0 0 ) w as acqu ired
deposited after May 9 1911 (V. 92, p. 1310).
b y T o l. & O h io C e n t., w hich gu aran tee d th e b o n d s, p rln . an d I n t ., b u t in
STOCK.— New common stock, 56,000,000 (subject to reduction as above M c h . 1 9 1 0 w as sold to C hes. & O h io an d L a k e S h ore & M ic h . S o u th e rn
stated). The 55,000,000 5% non-cum. pref. stock will bo entitled to share Join tly, 5 3 ,4 5 4 ,2 0 0 o f th e 5 4 ,4 0 0 ,0 0 0 m in o rity stock h a v in g to D e c . 3 1 19 11
at the same rate as the common In all dividends In excess of 5% upon the agreed to a c ce p t 5 7 2 per sh are, less lV i% c o m m issio n . V . 9 0 , p . 7 7 1 . 8 4 9 .
common, and to be preferred as to face value and accrued dividends In 9 7 7 . 1 4 2 5 ; V . 91 .p . 2 7 6 , 1 0 9 5 . (S ee V . 5 2 . p . 1 6 5 t 3 5 1 .)
case of liquidation; 51,600,000 Is to be reserved for exchange of a like
F irst d iv id e n d — 4 % — paid J un e 3 0 1 9 1 1 ; D e c . 3 0 , 2V i% ; J u n e 1 9 1 2 , 2 Viamount of the Initial Issue of 1st ref. M. bonds which are deposited under
n e t , 5 2 6 2 ,3 6 4
E A R N I N G S .— J 1 9 1 2 .............. G ross, 5 6 1 7 ,3 3 1 ;
the 3-year 5% notes. Upon the liquidation of the notes from time to time 2 LmA oTsE.,SJTu ly
6 0 1 ,3 7 2 ;
n e t,
2 5 1 ,4 0 3
1 to A u g . 3 1 .
\ 1 9 1 1 ---------G ross,
the first ref. bonds contributed by the syndicate are to be proportionately
R E F O R T .— F o r year 1 9 1 1 -1 2 , g ro ss, 5 3 ,1 4 5 ,2 5 2 ; n e t , 5 1 , 1 3 1 , 6 9 1 .
R e
surrendered to the new company upon the issue by It to the syndicate of
p
ort
for
year
1
9
1
0
-1
1
,
In
V
.
9
3
,
p
.
1
1
8
5
,
sh
o
w
e
d
:
G
ross,
5
3
,
1
1
1
,0
5
1 ; n e t,
a like par amount of Its preferred stock.
5 1 ,2 1 3 ,1 5 2 ; other In com e. 5 2 0 9 .2 4 0 ; Interest, ta x e s , A c . . 5 3 6 9 ,0 3 1 ; d iv i
D I V I D E N D S . — F irst d iv .o n p r e f.s to c k , 1 % , A u g . 1 1912.
V .9 5 ,p .l l l . den ds ( 4 % ) , 5 3 6 0 ,0 0 0 ; b ette r m en ts, 5 4 5 2 ,6 2 3 ; e q u ip , tru sts retired , 5 2 3 9 ,
BONDS.— Of the new 1st refunding M. 30-year 5s (550,000,000 auth.), 0 6 0 ; s u r ., 5 7 3 8 . P r e s., F . B . S h e ld o n .— ( V . 9 5 , p . 1 1 1 .)
512,150,000 have been pledged as security for the 3-year 5% notes and 51,
KANAWHA & WEST VIRGINIA RR.— See pages 141-2.
600,000 sold for cash to the syndicate and by It deposited as further security
KANSAS CITY CLINTON & SPRINGFIELD RY.— O w n s fro m O la th e ,
for said notes (see above). 511,489,000 are reserved to refund underlying
K
a
n ., to A sh G ro v e , M o ., 15 4 m iles; R a y m o r e J e t . t o P le a sa n t H ill, M o .,
bonds and 524,761,000 are reserved, under restrictions, for additional equip
ment, additions, extensions and Improvements. An agreement has been 8 m .; t o ta l, 16 2 m iles. S to c k , 5 1 ,7 7 5 ,4 0 0 . B o n d s w ere g u a r, b y th e K a n
C
ity
F t . S c o tt A M e m . R R . (old c o .) .
Y e a r en d in g J un e 3 0 1 9 1 2 , gross,
made to sell a maximum amount of 51,000.000 of the bonds yearly for 3
years as required for improvements, extensions and equipment. Compare 5 3 7 9 ,4 1 9 ; n e t, 5 1 6 5 ,3 9 3 . In 1 9 1 0 -1 1 , gross, 5 3 7 4 ,8 5 5 ; n et, 5 1 0 9 ,7 1 3 :
V. 94, p. 350. The secured notes through their collateral cover entire prop other In com e, 5 4 ,6 7 5 ; In t., ta x e s, A c , . 5 1 9 8 ,1 7 9 ; b a l ., d e f ., 5 8 3 ,7 9 0 . Y e a r
erty at (Including underlying bonds) about 520,500 per mile. V.94, p.350. 1 9 0 9 -1 0 , gross. 5 3 6 3 .2 1 9 .( V . 7 3 , p . 7 2 3 .)
KANSAS CITY FORT SCOTT & MEMPHIS RY.— [See Maps Rock Island
EARNINGS.— From Sept. 16 1911 to June 30 1912, gross, 58.538,874
net after taxes, 52,132,368; other Income, 5332,897; total deductions, Co.)— O p erates K a n sa s C ity , M o ., t o M e m p h is, T e n n ., an d b ran ch e s, 9 1 6 m .
51,591,385; bal., surp., 5873,880; from which there were appropriated for A ls o h as a con trollin g Interest in sto ck o f th e K . C . M e m . & B Irm . R R . ,
divs. on outstanding pref. stock (1% ), 534,000; on pref. stock reserved for ow n in g lin e from M e m p h is, T e n n ., to B ir m in g h a m , A l a ., w ith b ra n c h , 2 8 5
exchange, 516,000: for payment of receivers and prior liabilities chargeable m iles, an d o f K a n sa s C ity & M e m p h is R y . & B ridge C o ., ow n in g bridge
to cost of road under terms of purchase, 5279,665: total, 5329,665, leaving across M ississippi R iv er a t M e m p h is, 3 m iles. T o t a l, 1 ,2 0 4 m iles.
5544,215. V. 95, p.680. For 2 mos. ending Aug. 31 1912, gross, 51,727,118;
O R G A N I Z A T I O N .— In corp orated on J un e 1 4 1901 an d Is v e ste d w ith
net, 5407.842.
th e p rop e rty o f th e form er K a n sa s C ity F t . S c o tt A M e m p h is Railroad; also
„
1910-11.
1909-10.
1908-09.
1907-08.
con trols other m ileage .
V . 72 , p. 1237.
S ee V . 7 2 . p . 4 3 8 , 5 3 2 , 6 7 5 , 9 8 8 .
Gross.................................59,127,834 58.566.866 58,097.939 50,922,268 T h e S t . L . & S an F r a n . R R . ow n s th e en tire sto ck an d leases th e r o a d , gu ar
1,517,078
1,499,794
363,500 an teein g th e b on d s o f 1 9 0 1 . p rln . an d I n t., an d 4 % on p ref. sto ck tru st c e r ts .
N e t................................... 1,899,900
S T O C K .— C o m m o n au th o rize d , 5 4 5 ,0 0 0 ,0 0 0 : o u tsta n d in g , 5 1 5 ,0 0 0 .0 0 0 ,
Directors.— Frank J. Gould (Chairman), New York; R. Lancaster Wil
liams, Baltimore; Thomas J. Freeman, New Orleans; Fred VV. Cook, San all ow n ed b y S t . L o u is A S an Fran cisco R R . T h e p ref. sto ck ( 5 1 5 ,0 0 0 ,0 0 0
Antonio; Henry Martin, Jesse Jones, Walter Kyle Morrow and A. R. par 5 1 0 0 ) Is d ep osited Id escrow , a n d ag a in st It are Issued tru st certifi
Howard, Houston.
cates o f th e S t . L . A S an F . R R . , th e latte r h a v in g th e o p tion to retire th e
Pres., Thomas J. Freeman; 1st V .-P., G. H. Taylor; 2d V .-P ., Henry certificates a t a n y t im e a t p a r. an d o b lig a tin g Itself to p a y off th e w ho le Is
Martin: Sec. and Trcas., A. R. Howard. Office, Houston. Tex.— (V. su e In 2 0 years fro m d a te (O c t. 1 9 0 1 ) , an d m ean w h ile to p a y q u a r . 1 %
th e re o n .
See V . 7 2 , p . 1 2 3 8 .
93. p. 1386, 1599, 1725; V. 94, p. 350, 416; V, 95, p. I l l , 176, 080.
B O N D S .— T h e refu nd ing b on d s o f 19 01 (lim ited to 5 6 0 .0 0 0 ,0 0 0 ) are se
INTEROCEANIC RY. OF MEXICO, L T D — See pages 141-2.
cured b y all p ro p e rty n ow o w n ed , or hereafter acqu ired w ith th e pro
INTERNATIONAL RYS. OF CENTRAL AMERICA.— See pages 141-2. ceeds o f th e refu n d in g Issue. O f th e b o n d s, 5 2 5 ,8 3 5 ,0 0 0 w ere o u tsta n d in g
Jun e 1 9 1 2 , 5 2 6 ,9 5 6 ,9 7 0 vrere reserved for ex ch an ge a gain st th e fa c e a m o u n t
IOWA CENTRAL RY.— See Minneapolis & St. Louis.
JACKSONVILLE TERMINAL RY.— Owns union passenger depots,
4 locomotives, &c., at Jacksonville, Fla., Including 31 miles of track
used by Atl. Coast Line R R ., Seaboard Air Line, Florida East Coast
Ry-J
ancl Georgia Sou. & Florida Ry., which own entire
stock (a2U0,UU0). ’I'he five companies each guarantee one-fifth of the In
terest under the rentals and meet expenses on whcelage basis, the Atl.
Coast Line, Seaboard Air Line and Florida East Coast Ry. guaranteeing
by endorsement the prln. and Int. of above bonds.— (V. 71, p. 135.)
JAMESTOWN FRANKLIN & CLEARFIELD RR.— Owns from OliloPenn. State line,, on the Lake Shore & Mich. Sou., to Rose Siding, Pa., 103
miles; branches, 20 m ; trackage to Clearfield, Pa., 54 m.; total, 177 miles.
. A consolidation in 190J. V. 88, p. 506, 1002. Leased to the Lake Shore
& Mich. Sou. from April 1 1909 for the term of the corporate existence and
renewals, rental covering Interest on bonds and 5% yearly on 53,000,000
Stock i’l1!
Lake;8hore), payable quarterly (Q.-J.). Of the 4b of
1909, 511.000,000 guaranteed by the Lake Shore were Issued to retire out
standing debts and bonds and remaining 514,000,000 reserved for exten’s &
Improvements. V. 90, p. 167, 697.— (V. 92, p. 395; V. 93, p. 731.)
JEFFERSON RR.— Owns Lanesboro, Pa., to Carbondale, Pa.. 37 miles,
double track; branch. West Hawley, Pa., to Iloncsdalc. Pa., 8 miles. Leased
In perpetuity for $154,940 per annum to Erie R R ., owner of (52,095,
950) stock. Used by D & H .to reach Carbondale.— (V.87, p. 1479.)
JONESBORO LAKE CITY & EASTERN RR.— Owns Jonesboro to Bar
field, Ark., 67 miles; Osceola Jet. to Osceola, Ark., 20 miles. Leased
Wilson Nor. R y., Wilson to Ross, 18 m.. Sept. 16 1911. and later, It Is
stated, purchased same. Extension from Wilson to Memphis, 40 miles, to
he begun In O ct.,1912. and further extension to be built later from Jones
o f u n d erlyin g b o n d s, an d th e rem ain in g 5 7 ,2 0 8 ,0 3 0 , as w ell as a n y b o n d s
n o t used or required for refu n d in g p u rp oses, will b e reserved for Issue for
ad d itio n a l lines an d ex te n sio n s, a t n o t ex ce ed in g 5 2 2 ,5 0 0 per m ile th e re o f.
A s to g u a r a n ty , see ’ ’ o r g a n iza tio n ,” a b o v e .
V . 75. p. 853.
S ee V . 8 7 .
p . 4 1 4 ; V . 9 1 , p . 3 8 , 15 4 ; V . 9 2 , p . 1 3 1 1 ; V . 9 3 . p . 4 5 ; V . 9 4 , p . 2 7 9 .
I n 1 9 1 1 th e K . C . F t . S c o tt A M e m . R y . h a d g u a r a n te e d th e I n t. o n all
e x c e p t 5 2 9 3 , 7 8 0 of th e 5 6 ,3 2 2 ,7 8 0 K . C . M em . A B Irm . In co m e b o n d s , b e
g in n in g M ch . 1 1 9 1 2 , th e b o n d s so g u a r a n te e d b e in g s u b j. to c a ll a t a n y tim e
w ith in 1 0 y e a rs fro m S e p t. 1 1 9 0 2 a t 9 5 a n d in t . V . 7 4 , p . 4 7 7 , 5 7 7 .
•
Birmingham Belt b ond s are g u a ra n tee d , principal an d In terest, Jointly b y
K a n sa s C ity M e m p h is A B Irm . an d S t . L . & S an F r a n .
V . 7 5 , p . 1147 —
( V . 9 1 , p . 3 8 , 15 4 ; V . 9 2 , p. 1 3 1 1 ; V . 9 3 , p . 4 5 , 1 0 2 2 ; V . 9 4 , p . 2 7 9 .)
KANSAS CITY & MEMPHIS R Y . — R o gers to S iloam S p rin gs, A r k ., 30
m iles; F reem an to M o n te N e , 6 m .; t o ta l, 3 6 m iles.
P r o jec ted to ex te n d
fro m R o g e r s, A r k ., to M e m p h is, T e n n ., 2 9 4 m iles, th e first section from
C ave S prin gs. A r k ., 10 m iles ea st o f R o g e r s, t o F a y e tte v ille , 2 0 m iles, b ein g
com p leted In A u g . 1 9 1 2 ; also from S iloam S p rin gs, A r k ., to W a g o n e r , O k la .
In c o rp . In A r k . D e c . 17 1 9 1 0 an d ab sorb ed th e A r k . O k la . A W e s t R R . an d
M o n te N e R y . In A p ril 1 9 1 1 .
V . 9 2 , p. 88 1, 1109; V . 94 , p. 20 7.
S E C U R I T I E S .— S to c k a u th o r ize d , 1 6 ,0 0 0 ,0 0 0 a t 5 1 5 ,0 0 0 per m ile, held
In v o tin g tru st, one tru stee to be n om in ated b y c o ., one b y K a n sa s C ity S o u .
an d one b y F . J . L lsm a n A C o .; par 5 1 0 0 . T h e 5 0 -y r . gold 5s ( 5 6 ,0 0 0 .0 0 0
au th orized Issue) are Issuable a t 5 1 8 ,0 0 0 p er m ile , o f w hich 5 1 5 .0 0 0 for
con stru ction an d e q u ip m en t an d 5 3 ,0 0 0 reserved for b ette rm en ts w hen th e
earnings d urin g one fiscal year h a v e eq u aled 1 5 0 % o f th e Interest on th e
o u tsta n d in g b o n d s.
O f th e b ond s 5 3 0 0 ,0 0 0 are reserved to retire th e
5 3 0 0 .0 0 0
A r k . O k la . & W e s t . 6s ( V . 8 6 . p . 1 0 7 ) .
In A p ril 1911 5 5 4 0 ,0 0 0
Series A b ond s w ere sold to F . J . L lsm a n A C o . o f N e w Y o r k a gain st th e
3 6 m iles ow n ed an d th e 2 0 m iles u n d er c on stru ction to F a y e tte v ille , th e
Series A b o n d s b ein g a d d itio n a lly secured b y a trafflo c o n tract w ith th e
68
R AILW A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
City Mexico & Orient— Stock $20,000 per mile
Preferred 4 % non-cum ulatlve $20,000 per m ile____
1st lien receiver’s certfs red 102 see t e x t ......................
1st M gold (see t e x t)_____________________________ c*
Coll trust (convert-partlc) $10,000,000 (red 1 91 7 )-Kansas City Outer Belt & Elec— Stock (half 4 % pref)
1st M $3,000,000 g ______________________________ _
First mortgage $30,000,000 gold ---------------------------Preferred stock 4 % non-cum $21,000,000_________
First mortgage gold $30,000,000__________Ba.c&r
R ef and im pt M $ 2 1 ,0 0 0 ,0 0 0 gold red 1 0 5 - x c * & r.N
Equipm ent notes gold called for paym ent N ov 1 —
do
do
gold ser B red par $ 3 0 ,0 0 0 s-a_.
do
do
gold ser D due s-a (V95.n 1039)
K a n sa s C ity St J osep h & C ouncil B lu ffs — See Chicago Burlln
K a n s a s C ity S hrevep & G u lf T e rm in a l — 1st M red 105
K a n s a s C ity T e rm R y — 1st M red t e x ------ IC .x c &r
'1 6
K C Belt 1st M ( $ 5 3 4 ,0 0 0 guar K C FS & M ) -- B B .C
K a n s a s C ity V iad u ct & T e r m — 1st M g s f (text) c*& r
K a n s a s & C olorad o P acific— See Missouri Pacific R y
Ken & 1 Term R R — 1st M guar (see t e x t )------ G.xc*& r
162
K e ok u k & D c s M o in es — Preferred s t o c k - - - - - - -------- 162
First mortgage interest guaranteed C R I & P ------ c*
K e ok u k & H a m ilto n B ridge — First m ortgage -------- -C
37
K e w a u n ee Green I5ay & W e s te r n — First m t g e ------- F .c
113
K ingston & Pembroke— First mortgage gold -------K n o x v ille & Ohio — See Southern R y ,
41
La C rosse & S E R y — 1st M $1,000,000 g red l O o -----L ac k aw R R o f N J — Stkauth $12,000,000 gu 4 % dlv
Lake Erie & D e troit R iver— See Pere Marquette R R .
K ansas
Par
Value
$100 $12,500,000
100 12,500.000
See text
1,000 See text
100 &c See text
5.000.
100
1.275.000
i903
1,000
100 30.000.
100 21.000.
1900 1.000 &c 30.000.
1909 1.000 &c 15.000.
1905
1,000
432.000
1906
240.000
1.000
1912
1,000
1.500.000
gton & Quincy.
1S97
500
150.000
1910 1.000 &c See text
1886
1,000
2.500.000
1905
1,000
3.302.000
1912
1901
1912
1911
1878
1869
1891
1882
1904
Rale
%
5
4 g
5
000
4 g
000
in 1912
000
000 3 g
000 5 g
4 4$ g
4 4$ g
5 g
4
4 g
6
44$
£100 £1,231,000
41* g
100 $1,524,600 See text
2.750.000
100 &c
5
1.000.
0008
1,000
5
408.000
1,000
3 g
572.000
1,000
1,000
Kansas City Southern, giving the com pany 20% of the gross revenue received
on business Interchanged; Series “ A ” bonds will also cover the line between
Fayetteville and Huntsville, if built within 5 years. Cumulative sinking
fund of 4$ of 1% com m ences with 1916. V . 92, p. 881, 1109.
E A R N IN G S .— Year ending June30 1912 (36m .) gross,$65,488 ($61,215ln
1910-11); net after taxes, $23,451, agst. $27,402; other inc., $3,100; charges,
$26,464; b a l„ sur., $88.
_
Pres, and Gen. M gr., Geo. D. Locke; V .-P s., J. W . W alker and A . L .
Williams; Sec. and Treas., W . B. Felker; A sst. S ec., W illiam Goodm an;
O ffice, Rogers, A rk.; N . Y . office, 30 Broad S t.— (V 94, p. 207.)
(T H E )
K A N S A S C I T Y M E X I C O & O R I E N T R Y .— Road Mileage.
— The road when com pleted will extend from Kansas City, M o., to T op olobam po, M ex., 1,659 miles, with a cut-off from San A ngelo, T e x ., to Del R io,
M ex., 160 miles, connecting there, as well as at Chihuahua, M ex., with
Mexican lines for M exico City. Mileage In operation:
Owned Unci. K . C. M . <fe O. R y. of Texas, 237 m .. Securities Owned), M iles.
W ichita, K an., to Mertzon, T ex. (except trackage St. Louis & San
Francisco R R ., Foley to Ewing, Okla., 12.78 m ile s --------------------- 538.23
Marquez, M ex., to T obalaopa--------------------------------------------------------------86.77
Minaca to Sanchez, Mex. (74.28 m .); El Fuerte to T opolobam po,
62.23 m iles)_______________________________________________________ 136.51
Mochls, M ex., to Mochls Junction, M ex_____________________________ 2.92
T o t. oper. J ’ne 30 ’ 11 (incl. 17.13 m. trackage), all standard gauge.764.43
Contracts have been let for grading on main line south of San Angelo, and
on branch from San Angelo to Del R io, on the R io Grande R iver, 160 miles,
of which 132 miles from San Angelo to Granada have been com pleted and
32 miles from Granada to Fort Stockton about to be begun by the receivers
(see below) In June 1912. The receivers also propose to build 65 miles be
yon d F t. S tockton to Alpine, at a connection with the Southern Pacific.
V . 94, p. 1566. V . 93, p. 666. Total sidings (July 1911), 93.08 m. R e
ports of experts, prospectuses, & c., V . 90, p. 105, 110; V . 86, p. 668: V . 83,
p. 95, 1411; V . 75, p. 1411; V . 75, p. 1253.
Equipment June 30 1911.— Locom otives, 75; cars, passenger service, 35.
freight, 2,058; service, 74, largely held under car trusts.
H IS T O R Y .— Incorp. under laws of Kansas April 30 1900 and operates
In M exico under the Kansas charter, legalized b y the Mexican G ov’ t. The
first rails were laid In 1902. From Kansas City to Lone W olf, Okla., was
being built under contract by Union Construction Co. (of D ela.), and from
Lone W olf, Okla., to T opolobam po, M ex., b y International Construction
Co. (charter legalized In M exico).
R E C E IV E R S H IP .— In Mch. ’ 12 E . C. Dickinson,' K an. City, M o.; J . L .
Davidson, W ichita, K an., and M. L . Turner, Oklahom a City, Okla., were
appointed receivers. V . 94, p. 698. On Mch. 11 ’ 12 S. B . H ovey, F t. W orth,
and M. L . Mertz were appointed receivers of the K . C. M. & O. R y . of Texas.
On May 31 1912 $2,500,000 5 % 1st lien 2-yr. receivers’ certfs. were author
ized for extensions and Improvements, of which $1,000,000 were sold with a
30-days’ option on the remaining $1,500,000. V . 94, p. 1566. V . 94, p.
767, 1057. C. A . Young and Charles S. Jobes are receivers of Union and
Internat. Construe, cos. and H . L. Harmon of town-site cos. V . 95, p. 297.
In A ug. 1912 foreclosure suit was brought under 1st M. V . 95. p . 420.
Committee for lsf M . 50-year 4s.— Lord Monson (Chairman): Harry H off
man, 37 W all S t., Sec.; Columbia T r. C o., N. Y ., and G lyn, Mills. Currie &
C o., London, depositories. V . 94, p. 767, 911, 1566.
Committee for Construction Co. Stockholders.— John W . Platten, Chairman;
S ec., Calvert Brewer; U. S. Mtge. & T r. C o., N. Y ., and Glyn, Mills, Currie
& C o., L ondon , depositaries. V . 94, p. 767, 1057, 1383.
S TO C K .— Stock Is held In a voting trust until Jan. 1 1917. V . 8 3 ,p .1411.
B ON DS.— Trustee, U. S. & Alex. Tr. C o., Kansas City, M o. Of the
$21,146,000 bonds issued June 30 1911, part were In the treasury and part
owned b y the aforesaid construction com panies. V . 78, p. 102; V . 81, p.
1411: V . 87, p. 37, 508; V . 91. p. 38, 94, 1025; V . 94, p. 350.
Loans and bllls payable June 30 1911, $564,330; equipment trust obli
gations June 30 1911, $1,319,665, Including car trust notes of 1902 (St.
Louis Union Trust C o., trustee), original Issue, $2,000,000, and locom otive
trust notes of 1905, original Issue, $1,000,000.
E A R N IN G S .— Statement for year ending June 30 1910, with balance
sheet, in V . 92, p. 1025. In 1910-11 (746 average miles): Gross earnings.
$1,848,479; total net income, $47,241; taxes, $66,362; Joint facilities,
$11,358; Int. on equip, trusts, $75,373: other lnt., $39,266; balance,
deficit. $145,118. Balance sheet June 30 1911, V . 93, p. 1324.
O FF IC E R S .— President, Arthur E . Stllwell, N. Y .; Vlce-Pres’ts, Edward
Dickinson (Gen. M an.), Kansas City, M o.; J. T . Odell, N. Y .; Enrique C.
Creel, Chihuahua, M ex.; John F. W allace, N. Y .; J. S. Bralthwalte, Lon
don, Eng.; See. and A ud., Neal S. Doran, and Treas., W m . Lee Karnes,
Kansas City, M o.: Asst. Sec., J. Crosland T aylor, London
General office. Orient B ldg., Kansas City, M o.; N. Y . office. Singer Bldg.
— (V . 94, p. 767, 911, 1057, 1185, 1383, 1508, 1566; V . 95, p. 297, 420.)
& E L E C T R I C R R — Incorporated July 18
1902 In Kansas to construct a belt line connecting the lines of the Kan. City
M ex. & Or. R y. west of Kansas City, K an., with all the other lines entering
Kansas City, K an., and Kansas City, M o., main line (double track) about
8 miles; uncom pleted In 1912. V . 75, p. 184; V . 76, p. 331: V . 80, p. 871.
Bondholders’ protective com m ittee (John W . Flatten, Chairman; Calvert
Brewer, Sec.; U. S. Mtge. & Trust C o., depositary). In view of receivership
of Kansas City Mexico & Orient. V . 95, p. 420, 480, 968. Stock Is all In
voting trust. U. S. & Mex. T r. C o., Kansas City, M o., Is m tge. trustee.
O F F IC E R S .— Pres. & Gen. M gr., E . Dickinson; V .-P ., F. Mertshelmer;
Sec. & Treas., W m . I.cc Karnes; Chief Engineer, W . W . Colpltts, Kansas
City. M o. Office, Kansas City, K an.— (V . 95, p. 420, 480, 968.)
K A N S A S C IT Y O U T E R B E L T
K A N S A S C I T Y S H R E V E P O R T & G U L F T E R M I N A L C O .— Ownsunion
depot at Shreveport, La , Including 1 .1 1 miles of yard and terminal track.
S tock, $150,000, all owned by Kansas City Southern R y . Bonds, Pioneer
Trust C o., Kansas City, trustee. Year ending June 30 1912, gross. $27,229;
net, $3,524; lnt. & tax., $9,271; bal., sur., $5,747. Office, K an. C ity, M o.
Amount
Outstanding
750.000
10,750,500
5 g
4
[VOL.LXXXXV.
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and M aturity
2 years
F & A Feb 1 1951
semi-ann 1922
Feb 1912 coup last paid
O A pr 1 1953
Oct 1911 cou p last paid
A
&
Q— J
A
& O
J
& J
M & N
J
& D
Oct 15 1912 1% Checks mailed
New Y ork Trust Co, N Y
Apr 1 1950
do
do
Apr 11950
Blair & Co, New York
Nov 1 1912
do
do
.
Dec ’ 12-J’ne ’ 16
T o 1924
F
J
J
■J
&
&
&
&
A
J
J
J
Aug
Jan
July
Sept
1
1
1
1
J
See
A
A
J
J
& J
text
& O
& O
& D
& J
Jan
Apr
Oct
Apr
June
Jan
1 1961
1 1912 2 4$
1 1923
11899
1 1921
1 1912
A
&
Q—J
1927
1960
1916
1934
Trcas Oil, Kan C ity, Mo
N Y Boston & Chicago
Office 50 State St, Bost
See text
Morgan, Grenfell&Co, Lon
Office, 14 W all S t „ N Y
First Nat Bank, N Y
55 William St, As earned
Office, 40 W all St, N Y
Owned b y Can Pac R y
La Crosse, Wise
O Oct 1 1944
Oct 1 1912 1% Del Lack & W estern R R
K A N S A S C I T Y S O U T H E R N R Y — (See M a p .)— Operates a line extendlnd from Kansas City, M o., to Port Arthur, T e x ., thence b y Its ship canal,
7 m ., to deep water on Gulf of Mexico, with branches and extensive ter
minals used by various roads entering Kansas C ity. T otal mileage 827, viz.:
Lines Owned—
M iles.
Lines Owned—
M iles.
Kansas City, M o., to Belt J u n e .. 12 Branches to Fort Smith, De
Grand View, M o., to P ort Ar
Quincy, L a ___________________ 39
thur. T exas......... ..........................765 Trackage— T o Grand View, M o . . 11
Also owns entire $650,000 each of stock and bonds of Arkansas Western
R y ., W aldron to H eavcncr, A rk., 32 miles, operated separately; also con
trols K . C. Shreve. & Gulf Terminal Co. V . 83, p. 3S, 492.
O R G A N IZ A T IO N .— A reorganization of Kan. C. Pitts. & Gulf R R ., fore
closed In 1900 per plan in V . 69, p. 1012, 1062. V . 73. p. 1356: V . 74, p. 94.
The voting trust having expired April 1 1905, a new management was
elected In May 1905. V . 80. p. 1971; V . 81, p. 559; V . 84, p. 1366. In
1909 contracts were made for interchange of freight with the Harrftnan lines.
V . 88, p. 375. Common stock, $30,000,000; par, $100.
S E C U R IT IE S .— The $21,000,000 "re f. and Im p.” bonds dated 1909
bear not over 5 % Interest, of which $10,000,000,underwritten b y a syn
dicate, have been sold to provide for the $5,100,000 5 % notes called for
paym ent on July 1 1909 and various lmpts. and $5,000,000 was sold for
lm pts. In Feb. 1911 and the remainder Is reserved for future use. V . 88,
p. 1128, 1253,1437; V . 89, p. 104; V . 90, p. 167; V . 92, p. 322, 395, 461, 795.
D IV ID E N D S .— First d lv. on pref. stock, 4 % , paid July 1 1907 out of
earns, for 1906-07; O ct., 1 % ; 1908 to O ct. 1912, 4 % (Q .-J .).
net,
net,
$1,047,543
789,750
R E P O R T for 1911-12 at length was In V . 95, p. 887, 904.
1911-12.
1910-11.
Total gross receipts__________________ $9,272,859 $9,995,174
Operating expenses___________________
6,332,839 6,404,001
Net earnings_________________________
2,910,020 3,591,173
Total net Incom e_____________________ 3,089,192 3,721,633
361,875
T a x e s ......... - ..........................
410,369
Interest on bonds, & c________________ 1,544,851 1,382,426
312,673
Miscellaneous_________________________
248,022
840,000
Dividend on preferred stock ( 4 % )-----840,000
1909-10.
$9,594,652
6,268,585
3,326,067
3,420,520
343,773
1,266,462
318,864
840.000
L A TEST E A R N I N G S ./1912______Gross, $2,680,447;
3 m os., July 1 to Sept 30(1 9 1 1 ______ Gross, 2,323,565;
Balance, surplus______________________
$45,950 $824,659
$651,421
D IR E C T O R S .— Chairman, L . F . L orcc; P res., J. A . Edson, Kansas
City, M o.; Hermann Slclckcn, J. A . Blair, W . T . Rosen, Andrew J. Miller,
W . G. Street. W . H . W illiams, Arthur Turnbull, Samuel M cRoberts, B. S.
Guinness and E. R . Bacon of New York; John J. Mitchell of Chicago: S. W .
F ordycc of St. Louis; Edward F. Swinney, Kansas City, M o.; Secretary Is
G. C. H and. O ffice. 25 Broad S t., N. Y .— (V . 95, p . 887. 904, 1039.)
K A N S A S C I T Y T E R M I N A L R Y . — T o own a union passenger depot and
freight and passenger terminals at Kansas City, M o., with approaches,
to be controlled by 12 proprietary cos., viz.: Chic. R . I. & P a c., A tch. T op .
& Santa Fe, Chic. Milw. & St. Paul, Chic. & A lton, S t. Louis & San Fran.,
Union Pacific, W abash, Chic. Burl. & Quincy, Mo. P a c., Missouri Kan. &
T e x ., Kan. City Southern and Chic. Gt. W estern, which will pay equally
any excess of fixed charges. V . 89, p. 1671.
M ch. 1 1910. Incorp. July 10 1906. Stock auth.. $50,000,000; outstand
ing, $1,200,000. On Mch. 1 1910 acquired Kansas City Belt R y. by deed;
and on N ov. 1 1910 the Union Depot Co.: also purchased stock of the pres
ent Union Depot Co. and K . C. Belt R y . C o., to cost about $37,000,000 (in
cluding real estate), and to be completed b y O ct. 1913. V . 89, p. 666, 163;
V . 90, p. 627, 698; V . 91, p. 1386.
nn.
.
,
Of the 1st 4s ($50,000,000 auth. Issue), $20,094,000 have been sold,
$5,000,000 Issued and pledged as collateral for tem porary loan, $2,500,000
are reserved to retire Kansas City Beit bonds and $22,406,000 for additions
and Improvements. The bonds are redeemable as a whole on Jan. 1 1930
or any Interest date thereafter at 105 and Int. V . 90, p . 559, 627; V . 91,
p. 1386; V . 92. p. 395; V. 93, p. 164. For year ending June 30 1912, gross,
$373,253; op . det., $6,035; other Income, $165,530; hit., taxes, & c., $210,
440; bal., d ef., $38,875. Pres., Herbert II, Adam s; S ec., C. C. R ipley;
Treas., E . F . Swinney.— (V . 94, p . 1185.)
K A N S A S C I T Y V I A D U C T & T E R M I N A L R Y — Company owns and
operates an elevated railway and highway viaduct from Bluff and 6th Sts.,
Kansas City, M o., to Minnesota A ve. and 4th S t., Kansas City, Kan. A
branch viaduct, 4$ mile in length, connects the main structure, and thereby
the two cities, with the interlying railroad and manufacturing districts.
Main structure com pleted Feb. 1907. 1.6 miles, minimum width of 60 feet;
material, steel and concrete. See V . 82, p. 160; V . 84, p. 271, 931.
STO C K .— Stock outstanding, $3,447,700 (par $100); m ajority Is depos
ited In a voting trust for 3 years. Voting trustees, H arvey E . Fisk, John
P . R eynolds, Francis S. E a to n .— (V . 94, p . 416.)
BO N D S.— 1st M. 44$% bonds auth., $3,500,000; outstanding, $3,302,
000. Standard Trust C o., N. Y ., and Fidelity Trust C o., Kansas C ity,
trustees. July 1909 to Jan. 1911 coupons funded Into cumulative Income
bonds. V . 90. p. 1101; V . 92, p. 1564.
Protective Committee.— In Jan. 1911 over 75% of the 1st 4 4$s and Income
bonds had been deposited with a com m ittee (Richard C. Story of Boston,
Chairman; Standard Trust Co. of N. Y ., depositary), under an agreem ent
In force until Jan. 1 1916. unless sooner terminated by the com m ittee or by
written direction of two-thirds In amount of the certfs. after Jan. 1 1914.
No sale at less than 85% of the bonds, or exchange for other securities,
without consent of 51% In Interest of depositors. V. 92, p. 187.
E A R N IN G S .— For year ending June 30 1910, gross, $75,454: net, $56,
936; bond ln t., $149,040; taxes, $9,374; sundry a ccts., $706: sk. fd ., $4,527;
bal., d ef., $106,712. Pres., J. W . Reinhart; Treas., H. 3 . Corwin; S e c,.
Howard Ross.— (V . 92. p. 187, 1375, 1564; V. 93. p 1599: V . 94. p. 416
Oot., 1912.]
BAIL W A Y STOCKS AND BONDS.
<i9
70
f VOL. LXXXXV.
R AILW A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S .
[For abbreviations, & c., see notes on first page]
Lake Erie & Pittsburg— Stock rental guaranty............
First mtge $15,000,000 gold guar________ G.xc*A r*
Lake Erie & W estern— Comm on stock $20,000 p m__
Preferred stock 6% (not cum) ($20,000 per mile) _.
First mortgage ($10,000 per mile) gold ______ Cc.c*
Second mtge for $3,625,000 ($5,000 p m) g o ld ..C c .c
Lake Shore & Michigan Southern— S to ck ___________
Guaranteed 10% stock (Michigan South A Nor Ind)
First mortgage $50,000,000 gold _______ U s.c*A r
Bonds (not mortgage) $50,000,000 gold ____(I.c*& r
do
do
$50,000,000 g o ld .-.G x c * Ar
Kalam azoo A W hite Pigeon first mtge assum .U n.c
Notes 60,000,000 francs renewed In 1912___________
Guaranteed Securities—
Battle Cr A Stur 1st M gold guar p A I (see M Cent)
Sturgis Goshen & St Louis 1st M gold p A 1 guar—
Kalamazoo Allegan & Gr Rapids stock rental guar.
First mortgage guaranteed________________Un.c
Erie & Kalamazoo (leased) stock T oledo to Palmyra
Jamestown Franklin A Clearfield stk rental g u a r ..
1st M $25,000,000 auth guar.................G .x c * A r *
Cleveland Short Line R y stock rental gu aran teed ..
First mortgage guaranteed---------------------------------G
Lake Erie A Pittsburgh stock rental gu aran teed ..
First mortgage guaranteed-----------------G
Lake Shore System— Mahoning Coal RR— S tock -----Preferred stock (see t e x t )____________________ - —
First M Youngs to And Ac guar p A 1 (end) — Un.c
Lake Super & I slip— 1st M $1,400,000 serial red 101 c*
Lake Tahoe R y & Tr Co— 1st M g $500,000 s f beg 1905
Lansing Manufacturers— 1st M serial Interest rental
Laramie Hahn’ s P & P— Com $9,000,000 (V 77, p 824)
First mortgage $8,000 per mile g o l d ..............AB.c*
First ref M $1,800,000 gold sink fund red 1 1 5 . .G.c*
General mortgage $10,000,000 authorized................
Five-year coupon notes $450,000 authorized------ G
Five-year coupon notes g red 102 13 since Jan ’ l l . c *
M iles Date
Road Bonds
28
711
711
711
711
1911
1,000
1897
1903
1906
1890
1911
37
41
29
58
58
26
10
28
71
ZU
71
24
16
5
30
111
—
1887
1891
1889
1889
1888
1909
1911
1911
1884
1911
1901
1905
1904
1907
1909
1910
1910
Amount
Outstanding
Par
Value
Rale
%
5
$100 $4,300,000
4,300,000
4M g
1,000 Ac
100 11,840,000
100 11,840,000 See text
5 g
7,250,000
1,000
5 g
3,625.000
1,000
100 z49.466.500 181M912
533,500 18 inl912
100
3M g
1,000 Ac 50,000,000
4 g
1,000 Ac 50,000,000
4 g
1,000 Ac 50,000,000
400,000
5
1,000
None
11,538,461
1,000
1,000
100
1,000
50
100
1,000 Ac
100
1,000 Ac
100
1,000 Ac
50
50
1,000
100 Ac
1,000
1,000
10
1,000
1,000
1.000
1,000
500 Ac
79,000
3 g
322,000
3 g
610,000
5.95
840,000
5
300,000
10
2,995,050
5
11,000.000
4 g
7,275,000
5
7,000,000
4M
2,150,000
5
2,150,000
4M
1,500,000 See text.
661,367
5
1,500,000
5
924.000
6 g
404,000
5 g
75,000
5 g
9,000,000
240,000
6 g
6 g
1,536.000
See text
5
450,000
7
1,000,000
7
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J
&
D June 1 1961
3
J
J
J
F
J
M
M
J
A
A
A
A
A
A
A
A
A
j
J
J
J
A
D
S
N
J
New York
Jan 15 1908 1% Office, Gr C entT er, N Y
Jan 1 1937
Chase National B k, N Y
July 1 1941
do
do
July 29 ’ 12, 6% Grand Cent T erm . N Y
A ug l ’ 12, 6%
June 1 1997
Sept 1 1928
May 1 1931
Jan 1 1940
Mch 15 1913
do
do
J
J
A
.1
V
A D Dec 1 1989
A 1) Dec 1 1989
A O Apr 1912
A J July 1 1938
A A Aug 1912, 5% Lincoln Nat Bank, N Y
u— 1 Jan 1 ’ 12, 1 )I % Grand Cent Term . N Y
A D June l 1959
J
do
do
A A O Oct 1 1912
A A O A pr 1 1961
do
do
,T
F
.1
J
F
A
J
A
A
A
A
A
A
A
D
A
J
J
A
O
J
■T A J
A A O
J A D 15
A J
.)
J A J15
June 1 1961
Aug 1 ’ 12 10%
July 1 ’ 12 2 M %
July 1 1934
Feb ’ 13-Feb ’31
Oct 1 1931
July 1 1915-30
Grand Cent T erm , N Y
Union Trust Co, N Y
(lo
do
CIt Sav A Tr Co, Cleve
Merc Trust Co, San Fran
Union Trust Co, Detroit
July 1 1929
Oct l 1932
June 15 1959
Jan 1 1915
Jan 15 1915
American Tr Co, Boston
Oct 1912 coup not paid
June 1012 coup not paid
Lawr Ilarnum A Co, N Y
July 1912 coup not paid
Z New York Central holds $45,289,200 of this.
K E N T U C K Y & I N D I A N A T E R M I N A L R R .— Owns steel cantilever
bridge over the Ohio River at Louisville and 5 miles of railroad between
Louisville, K y ., and New A lbany, In d ., and 5 miles of belt line In Louis
ville; also owns Louisville A New A lbany Ferry Co. Southern R y ., Balti
more A Ohio and Chic. Ind. A Loulsv. own the $75,000 capital stock, and
under new lease for 99 years from June 1 1910 pay m onthly, In proportion
to cars handled, any deficit In operations, rentals, taxes and Interest.
Name changed from K y . & Ind. Bridge A R R . In Dec. 1910.
A new double-track K . & I. bridge, 2,713 ft. In length, with approaches
2,026 ft ., to be com pleted in 1912. A m ortgage has been made to the
Standard Trust Co. of N. Y ., trustee, to secure £2,000,000 bonds, of
which £1,231,000, guar, b y the three proprietary cos., were Issued to retire
the £1,000.000 bonds due March 1911, and for new construction, the
remainder being reserved for future purposes. The present single-track
bridge to be used during construction. V . 92, p. 187: V . 91, p. 589, 214,
38; V . 92, p. 261. 1032; V . 93, p. 409.
E A R N IN G S .— For year ending June 30 1911, gross. $701,420; net,
$150,121, used for Interest zand taxes. Pres., II. It. Spencer, Baltimore.
S ec., C. R . Mcekln; A cting Treas., II. D . O rm sby.— (V . 95, p. 297.)
K E O K U K & D E S M O I N E S R Y . — Owns from Keokuk. Ia ., to Dcs
Moines, la ., 162 miles. Leased for 45 years from O ct. 1 1878 to the Chicago
R ock Island A Pacific R y . The lessee pays 25% of the gross earnings but
guarantees the Int. (not the principal) on the bonds. Stock Is $1,524,600
pref. and $2,600,400 com . (par, $100), a m ajority of which Is held b y the
lessee. Pref. entitled to share with com m onstock In any excess over 8 % .
D IVS —
) ’00. ’01. ’02. ’03. ’04. ’05-’07. ’08. ’09. ’ 10. ’ l l . 1912.
On pref., % ____/ M
1
1
2 1M None 1 M 1 213 2M A pr,2M
Rental: In 1910-11, $179,565; 1909-10, $173,709: 1908-09. $154,332; 1907OS, $149,775; 1911-12, $176,993.— (V. 88, p. 944; V . 90, p . 698.)
K E O K U K & H A M I L T O N B R I D G E C O . — Owns bridge across Mississippi
River at Keokuk, la ., for railroads and foot-passengers. The present users
are the T oledo Peoria A Western and the W abash.
V . 95, p. 818.
Regarding guaranty, see V . 95, p. 969; V . 72, p. 821. Stock, $1,000,000;
par, $100. Coupons are In default, but m tge. has never been foreclosed,
and overdue lnteicst Is paid as earnings perm it. Last coupon paid, 1st half
o f N o. 52 (due A p r. 1895) In Sept. 1912.
E A R N IN G S .— Year ending June 30 1912, gross, $65,496: net, $47,049;
other Income. $9,994; Interest, $60,000, taxes, $4,385. In 1910-11, gross,
$55 9 44-net. $35,549. Pres., Andrew Carnegie: Treas., Theodore Gilman. 55
W illiam S t., New Y ork .— (V . 72, p. 821; V . 95, p . 818.)
K I N G S T O N & P E M B R O K E R Y . — Owns from K ingston, Ont., Can., to
R enfrew on the Canadian Pacific, 104 miles; branches, 9 miles. The stock
holders on A ug. 14 1912 authorized the lease of the road for 999 years to the
Canadian Pacific, the rental covering interest on the outstanding mortgage
debentures and interest at not over 4 % , payable half-yearly, on securities
to be Issued covering mileage constructed or hereafter to be constructed at
not to exceed $10,000 per mile. V. 95, p. 176. Reorganized In 1899 per plan
In V . 67, p. 274. S tock, $1,000,000 1st pref. 5% non-cum ., $150,000 2d pref.
3 % and $2,500,000 com . The Can. Pacific owned on June 30 1912 $1,
130,350 pref. and $1,968,400 com m on stock, and purchased the $571,000
first pref. 3s which matured Jan. 1 1912. V . 77, p . 636, 1221. First dlv
on first pref., 1 % , paid April 2 1901; none later reported. Year 1910-11,
gross, $214,316; net, $45,980; int., taxes, Ac.,1 $24,196; bal., surp., $21,784.
— (V . 94, p. 487; V . 95. p. 176.)
L A C R O S S E & S O U T H E A S T E R N R Y . — Owns La Crosse and Southeast
ern Jet. to Vlroqua, W ls., 40.81 miles; trackage La Crosse and S. E. Jet. to
La Crosse, 1.8 m .; total, 42.61 rr.Ucs. Incorporated In W isconsin Sept. 14
1904 as a reorganization of the railroad of same name. Stock auth., $1,
000,000; outstanding, $505,000; par, $100. Bonds, $1,000,000 auth.;
W isconsin Trust & Security Co. of Milwaukee, trustee. V. 80, p. 222.
Year ending June 30 1911, gross, $73,463: net, $26,774; Int., taxes, A c.,
$45,333; balance, deficit, $17,559. Pres., W . S. Cargill; V .-P ., A . S. Car
gill- Sec. and Treas., J. B. Taylor. Office, 300)3 Main S t.— (V. 80, p.222.)
L A C K A W A N N A R R . O F N E W J E R S E Y .— (See D. L . & W . M a p .)—
Owns from H opatcong, N. J., to a point near Portland, Pa., 27.44 miles,
opened Dec. 24 1911, shortening distance to Buffalo over Del. Lack & W est,
about 12 miles. D . L . & W . leases the road for a guaranty of 4 % on the
stock. V. 93, p. 1324, 1786: V . 92, p. 656; V . 90, p. 557; V . 88, p. 558;
V . 86, p. 543. Stock outstanding. $10,750,000, which was dlstibuted In
Dec. 1911 as a dividend to the D .L . & W . stockholders.— (V. 93, p. 1786.)
L A K E E R I E & P I T T S B U R G H R Y .— Projected from Lorain, O ., to
Youngstown, 91 miles, with 29-mtIe branch to Cleveland: total 120 miles.
Of this about 27.84 m. between M arcy, at a connection with Clevoand Short Line R y. and Brady Jet. on Pennsylvania R R . was opened In
Oct. 15 ’ l l . Jointly owned b y Lake Shore & Michigan Southern and Penn
sylvania C o., which lease the road, rental providing for Interest and 5%
on stock. Stock auth., $6,000,000, as increased In May 1911; outstanding,
$4,300,000. Of the bonds ($15,000,000 auth. Issue), the first $5,000,000
are to be 4 )3s, remaining 5s. $4,300,000 (which are guaranteed Jointly)
having been issued to Day for consrtuction, being all owned Dec. 31 1911 by
Lake Shore and Pennsylvania cos. V . 92, p . 1500, 1636; V .9 5 , p. 680.
L A K E E R I E & W E S T E R N R R .— R O A D .— Owns Sandusky, O .. to
Peoria, HI., 413 miles; branch to Minster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort W ayne to Connersville and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio R R ., Akron
to Delphns, 162 miles: trackage, 13 miles; total operated, 886 miles.
H IS T O R Y . A c.— See V. 50, p. 590; V. 85, p. 600. In 1899 control
assed to the Vanderbilts, and on Jan. 1 1912 the Lake Shore & Michigan
outh. owned $5,940,000 com . and $5,930,000 pref. stock. V. 71, p. 1269.
D IV ID E N D S .—
V 99. ’00. ’01-’03. ’04. ’05. ’06. ’07. ’08. to ’ 12.
O n preferred--------------- % J 0
2 4 yearly 3
3
3
2
none
BO N D S.— A bstract of first mortgage In V . 46, p. 45; of second mortgage
In V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
E A R N IN G S .— 8 m os., /19 1 2 .................Gross, $3,675,123; net, $746,686
Jan. 1 to Aug. 31.
11911.................Gross, 3,532,800; net, 653,278
g
A N N U A L R E P O R T .- F or cal. year 1911 was in V . 94, p. 1049.
1911.
1910.
1911.
1010.
Oper. revenue.$5,420,821 $5,513,326 Int. on bds., A c . . 547,968 $551,525
Net in co m e -. 1,013,139 1,099,814 JOther interest . . . 111,576
64,585
Rentals
136,764
125,000 A d d ’ns & better’ts ______
125,000
Hire equip .,& c
240,819
2477491B a la n c e ______ def .$25,809df.$ 12,224
— (V. 91, p. 1025; V . 92, p. 795, 875; V. 94. p. 826, 1049.)
L A K E S H O R E & A llC H I G A N S O U T H E R N R Y .— (See M aps New York
Central.)— Buffalo to Chicago with branches, 550 miles. Has double track.
Road owned directly•
M iles.
Leased (*see this C o .).
M iles.
Buffalo to Chicago, lncl. Erie &
58
Kalam azoo A . & G. R _________
K al., 26 m. (leased)................ 537 Jamestown Franklin & Clearf’d* 123
Sundry branches----------------------- 334 Mahoning Coal R R ____________
71
Entire stock owned.
Erie & Kalamazoo (26 m ile s ).. T ext
Detroit & Chicago_____________
25 Detroit Hillsdale A S W .............. »65
Detroit Monroe & T oled o____________ 51Fort W ayne & Jackson_______
*98
Kalamazoo & W hite P igeon________ 37Detroit Toledo A Milwaukee___
67
Northern Central Michigan_________ 61Battle Creek A Sturgis_________
7
Sturgis G A St Louis__________
29 Cleveland Short Line__________ *10
Elkhart & W estern____________
12 Trackage _____________________
191
Grand total oper. Jan. 1 1912 (of which owned, 1,160 m iles)______ 1.776
B y control of N. Y . Chic. A St. Louis R R . has still another line from
Buffalo to Chicago. Operates Dunkirk Allegheny Valley A Pittsburgh.
Dunkirk, N. Y ., to Titusville, Pa., 91 miles. V. 73. p. 663.
Controls Chicago Indiana A Southern R R ., which see.
O R G A N IZ A T IO N , A c.— A consolidation on A ug. 16 1869. In 1898-99
$45,289,200 of the capital stock was purchased b y the N. Y . C. A II. R .
R R ., which gave In exchange its 3 M % bonds at the rate of $200 In bonds
for $100 In stock. V . 66, p. 288; V. 69, p. 1237. In 1912 consolidation
with the N. Y . Central was proposed, holders of the N. Y. Central collat.
trust 3 Ms having been asked to consent to consolidation with other roads
now or hereafter In the system . See N. Y . Central. V. 93, p. 1787.
New Y ork Chicago A St. Louis road has been controlled b y ownership of
stock since 1882, Lake Shore now owning $6,240,000 of Its com m on,
$6,275,000 of Its second preferred and $2,503,000 of Its first preferred stock.
The com pany also controls and leases the Mahoning Coal R R . (sec Lake
Shore "S ystem ” below) and owns (besides entire stock of proprietary lines)
$12,600,200 Pittsburgh A Lake Erie stock; $30,207,700 of the $47,056,300
Cleve. CIn. Chicago A St. Louis com m on stock; also $5,940,000 of the
$11,840,000 com m on and $5,930,000 of the $11,840,000 Lake Erie A
Western preferred. V. 71, p. 1269: V. 72, p. 870; V. 82, p. 749.
In March 1910 acquired all the stock of the Toledo A Ohio Central (441
miles) which had been held In the Interest of the H ocking Valley, anil owns
all the bonds and stock of Zanesville A Western (89 miles) and. Jointly with
the Chesapeake A Ohio, controls Kanawha A Michigan (177 miles).
V.
90. p. 771, 849, 977, 1045; V. 91, p. 1095. G ovt, suit, V. 93, p. 346, 1260.
Also owned Jan. 1 1912 half of the $60,665,000 Reading Co. stock acquired
b y the Pennsylvanla-Vanderbllt Interests, viz.: $6,065,000 first pref.. $14.
265,000 2d pref. and $10,002,500 com . stock, the other half held by Balt. A
Ohio. V . SO, p. 1856. Stocks owned Dec. 1909. V. 90, p. 708.
The Lake Shore A Mich. Sou. and Plttsb. A Lake Erie offered to purchase
Jointly the $3,959,650 stock o f Pitts. M cKeesport A Youghlogheny R R ., as
offered up to May 15 1912, at $65 per $50 share, with Int. from Jan. 1 1912.
V . 94, p. 768.
D IV ID E N D S .— 1 '99 to '03. '04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . 1912.
Since 1898, % ____ J 7 yearly
8
8
8 12 14 12
18 18
18
In 1911 and 1912, Jan., 6 % : Mch., 6 % extra; July, 6 % .
Bonds.— For $50,000,000 mtge. of 1897, see abstract In V. 64, p. 1182. and
V. 66. p. 1140; V. 68, p. 1182; V. 73, p . 1264: V. 75, p. 290; V. 77, p. 2035.
The $50,000,000 debenture 4s of 1903, due 1928, are to be secured by any
new mortgage. V . 77. p. 1747. 2035; V. 78, p. 48: V. 80, p. 1912. In Feb.
1906 $35,000,000 of 25-ycar 4% bonds due In 1931 (and to be secured by
any new m tge.) were 6old for im prov’ts, and In Jan. 1910 permission was
granted to Issue the remaining $15,000,000 of the $50,000,000 Issue to retire
the $15,000,000 5% notes due Feb. 1 1910 and to guarantee $11,000,000
Jamestown Franklin A Clearfield 4% bonds received for advances for con
struction and Improvements. See that com pany, V . 82, p. 392; V . 84,
p. 996; V . 90, p. 167, 627, 771.
„ .
. „
In 1912 renewed for one year the 60,000.000 francs ($11,538,461) of
one-year notes sold In Paris, discounted In advance, maturing March 15
1912, to pay 44,000,000 francs notes duo March 15 1911 and for im prove
ments. V . 92, p. 725; V . 94, p. 487.
Jointly with four other roads covenants to pay $60,000,000 N. Y . Central
Lines car trusts of 1907 and 1910, the com p any’s share of car trusts ou t
standing Dec. 31 1911 being $4,919,488 and $12,852,994 respectively;
also Jointly with 4 other roads the $15,000,000 car trusts of 1912. V. 85,
p. 1402; V. 86, p. 168, 801, 803; V. 88, p. 761; V. 90, p. 1677.
G U A R A N T IE S .— A dditional guaranties not shown above, see Chicago
Indiana A Southern, Detroit Hillsdale A S. W . and Ft. W ayne A Jackson.
E A R N IN G S.— 8 m os., /1 9 1 2 ......... Gross, $34,562,565; net, $11,339,499
Jan. 1 to A ug. 31.
\1911........Gross, 31,521,599; net,
9,315,896
A N N U A L R E P O R T for 1911 at length was in V . 94, p. 822, 835.
Year ending Dec. 31—
1911.
1910.
1909.
Miles operated_______________________
1,775
1,663
1,663
Railroad revenue____________________ $48,360,997 $49,420,211 $45,110,997
Operating Income (after taxes)_______ 15,577,402
12,729,380 15,549,524
Other Income_________________________ 10,224,216
10,452,087
6,480,887
Gross corporate Income______ _______ $25,801,618 $23,181,467 $22,036,411
Rentals of leased lines............................ $2,531,082 $2,268,573 $1,858,691
Interest on bonds, A c...........................
6,288,775
5,865,006
5,995,182
Hire equipment. Including interest-842,994
542,596
581,952
Other rents and miscellaneous......... 504,105
622,227
019,017
Dividends on guaranteed s t o c k ...........
96,030
96,030
64,020
Im provem ents and equipm ent_____
1,365,297
1,365,297
1,263,186
Dividends on com m on stock......... (18)8,903,970(18)8,903,070(12)5.935,980
Balance, surplus................................. $5,269,305 $3,517,768 $5,718,282
— (V. 93, p. 346, 1260, 1786; V . 94, p. 487, 698, 768, 822, 835.)
wli
72
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Leavenworth Terminal Ry & Bridge— 1st M g s f__Ce
Lehigh & Hudson River— Second mortgage gold _____
Leh & H ud R lv gen M 53,000,000 g (see text) _Ce.c*
Debentures 5400.000 redeem 105 after N ov 1911___
E quip trust certs gold due 540,000 y e a rly -- - PcP.c
Lehigh & New England— 1st M 51,000,000 g old ._F P
Northam pton 1st M g 5300,000 guar red 105-FP.c*
Lehigh & Delaware first gen mtge redeemable at 105
Consolidated mortgage 53,000,000 gold call at 1 05 -General mtge 57,500,000 gold red 1 0 2 )4 --G u P c*
Equip tr ser A g gu red 102 )4 due 530.000 yrly GuP
do
ser B g gu red 102)4 red 545,000 y r l y .GuP
Lehigh Valley— Common stock 580,000,000_____ Gp
Preferred stock 10% (V 79, p 151, 2 6 9 )_________GP
First mortgage extended In gold In 1898_-G P.c& r
Consolidated M lcou pon & reg 54,762.000 4 H s.c& rl
540.000,000 Jannuity 52,538,000 are 4 )4s— FPJ
General consol mtge 5150,000.000 gold ___G P.c*& r
Collateral trust bonds 519,000,000 sec t e x t.G P .c* &r
Equip trusts g Ser I, due 5400,000 y rly(V .8 5,p 41 2 )
do
gold, due 5250,000 s-a Series J _-U sm .c*
Bonds of Controlled Properties—
Lehigh & N Y 1st M gold guar p & 1--------M p.c*& r
Leh Val of N Y 1st M gold guar p & 1 (end) .G P .c* &r
Lehigh & Lake Erie first mtge 53.000,000 gold —
Lehigh Val Term 1st M g guar p & 1 en d — Ce.c*& r
Easton & A m b oy 1st M Easton to Perth A m b oy gu
E aston & Nor 1st M gold guar b y Leh V a l.G P .c*& r
M iddlesex Valley first mtge 5600,000 gold ------ Ce.c*
P enn & N Y C an& R R — Cons gu (text) p&l (end)G P .r
Elm ira Cortland & North first pref mtge gold . .C e.c*
First mortgage gold guaranteed p & I (end) — Ce
Morris Canal consol stock 4% guaranteed perpetual.
Preferred stock 10% guaranteed p e rp e tu a l_____
L V Coal Co 1st M 512.000,000 g s f not d raw n .c*& r
do
Interest reduced-------------------------------------Delano L ’d 1st M g gu s f (V 90, p 1 6 1 7 ).......... -G P
W yom ing Valley Coal consol (now 1st m ortgage). . .
M iles Date
Road Bonds
3
63
63
All
20
27
All
All
1893
1887
1890
1907
1906
1895
1902
1904
1903
1908
1908
1911
270 1868
1873
3 011 1873
301 1903
1905
1900
___ 1907
115
509
11
31
00,
13
29
137
119
119
1895
1890
1907
1891
1880
1895
1892
1888
1884
1884
—
1892
1892
1891
1887
P ar
Value
Amount
Outstanding
When
Payable
Rate
%
5600,000
5 g
51,000
164,000
5 g
1,000
2,505,000
5 g
1,000
400,000
4
1,000
200,000
4 )4 g
1,000
1,000,000
5 g
1,000
300,000
5 g
1,000
5
650,000
1,000
1,380,000
5 g
1,000
2,885,000
4 g
1,000
330,000
1,000
4)4 g
655,000
4)4
1,000
50 60,501,700 See text
106,300
10
50
5,000,000
4 g
1,000
1,000 10,400,000 4)4 & 6
1,000 12,600,000 4)4 & 6
4 g
1,000 &c 26,639,000
4 g
1,000 12,192,000
4 g
1,000 In treasury
2,500,000
1,000
4 )4 g
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
L A K E S H O R E S Y S T E M — M A H O N I N G C O A L R R .— Owns from Youngs
town to A ndover, O., and branches, 71 miles. In Dec. 1907 purchased a
one-half Interest in the Lake Erie Youngstow n & Southern and Lake Erie &
Eastern railroads, building a belt and switching line from Girard to Struthers, reaching factories In Youngstow n, O ., and vicinity.
Leased In perpetuity for 40% of gross earnings to Lake Shore, which
Jan. 1 1912 owned 5865,900 com m on and 5399,500 preferred stock.
D1VS.— V 91. ’92. '93. '94. ’95 to ’06. ’07 t o '09. 1910-11. 1912.
On co m m o n .] 4M 8)4 8
8 10 yearly
12 yearly Below.
20
In 1910 on com m on, Feb., 6 % and 50% extra; Aug., 1 0 % .
In 1911,
Feb. and A ug., 10% each; M ch., 50% extra.
The preferred stock certificates are 5% guaranteed and contain a clause
making them redeemable at par at option of com pany.
Year ending Dec. 31 1911, rental and other Income, 51,201,813: surplus
over Interest and 70% on com . and 5 % on pref., 540,691.— (V . 90, p. 236.)
L A K E S U P E R I O R & IS H P E M IN O R Y — Owns Presque Isle (Marquette)
to Ishpeming, M ich., 20 miles; branch to Maas mine, 4 m .; trackage, 1 m .;
total, 25 miles. Also owns large docks at Presque Isle Harbor. Controlled
b y Cleveland-CHffs Iron Co. Incorp. In Mich. Feb. 17 1893. Stock, 51,
000,000; par, 5100. Of the serial 6s of 1911 (51.400,000 auth. Issue). 5994.
000 have been sold; they are due 570,000 yearly and redeemable, all or any,
on any lnt. day In reverse of numerical order at 101. Sink, fund 5 cents per
ton In excess of 1,500,000 tons shipped over the line and docks during the
preceding cal. year, payable annually beg. Jan. 1912, Is expected to provide
for prln. and lnt. of bonds. V. 92, p. 1636; V . 93, p. 229.
For year ending June 30 1912, gross, 5164,791; o p . d ef., 541,296. In
1910-11, gross, 5170,377; op . d ef., 541,121; other incom e, 521,809; lnt.,
taxes, & c., 542,681; bal., d ef., 561,993. Pres., W in. G. Mather, Cleve
land, O hio.— (V . 93, p . 229.)
L A N C A S T E R O X F O R D & S O U T H E R N R R .— (3-/f. gauge.)— O xford,
P a ., to Susquehanna, 20 miles; branch, 8 miles. Sold by bondholders, who
purchased tne road at foreclosure sale on July 19 1912, to F . S. Williams,
of Belalr, M d., representing Interests allied with the Conwlngo Power Co.
V . 95, p . 544. Year ending June 30 1911, gross, 531,343; net Income, 53,
212; lnt., 510,000; bal., d ef., 56,788. Office, Lancaster, P a .— (V . 94, p .
416. 912; V . 95. p . 236. 544.
L A R A iM IE H A H N ’ S P E A K & P A C IF I C R Y .— Owns from the Union
P acific R R . at Laramie, W y o ., through Centennial. F ox Park andW alden, to
Coalm ont, C olo., I l l .35 miles, where large coal fields are located. Extension
proposed from N orthgatc to Steam boat Springs, 45 miles, where connection
will be made with the Denver Northwestern & Pacific R y . (Moffat) line.
Owns 7 locom otives, 41 freight and passenger cars.
On June 9 1912 F. A . Miller appointed receiver on application of creditors.
V .94,p.1626. O ct. 1912 cou p, was defaulted on thefflrst refunding bonds.
A protective com m ittee has been form ed to conserve the equities of the
Junior security holders, consisting of Samuel L . Powers of Powers & Hall
and Joseph II. O’ Neill, Pres. Federal Trust C o., Boston; George N . Solders,
P ortland, Me.; Judge J . J . Desm ond, N orwich, Conn.; and John W . M ack
intosh of Sharon, Mass. V . 95, p . 891, 1039.
S E C U R IT IE S .— 59,000,000 com . stk.; 5100,000 pref. stk.; gen. M. 5s,
510,000,000 auth., of which 5500,000 Issued, providing for double track, ex
tensions and retirement of all underlying Issues; 51,000,000 7% notes due
Jan. 15 1915, anticipating m oney from sale of gen. M. bonds (V . 91, p. 1766);
5450.000 7 % notes due Jan. 1 1915, secured b y deposit of 5900,000 gen.
m tge. bonds; 51,800,000 first and refunding m tge. 6 % bonds due 1932. of
which 51,536,000 Issued, 5240,000 reserved for retirement of first m tge.,
524.000 retired b y sinking fund Jan. 1 1912; 5240,000 first m tge. 6s of 1929.
V . 85, p. 1646; V . 88, p. 1061; V . 93. p. 1668.
E A R N IN G S .— For year ending June 30 1912, gross, 5125,360; expenses,
593,131; net, 532,229; taxes, 53,983; other deductions, 57,043; bond lnt.
accrued, 5210,318; bal., d ef., 5189,116. Pres., W allace H ackctt, Ports
m outh, N . II .— (V . 95. p. 1039.)
L E A V E N W O R T H T E R A I I N A L R A I L W A Y & B R I D G E — Owns high
way and railroad bridge (opened Jan. 1 1894), 1,110 ft. long, over Missouri
R iver at Leavenworth, K a n ., and valuable terminal property In that city .
In July 1910 the Chicago Great W estern acquired the entire stock, but does
not guarantee or assume bonds. V . 91, p. 214, 397. Kansas City St.
Joseph & C. B. (Chicago B . & Q.) and Chic. R . I . & P. use the bridge at an
annual rental of 516,000 each, under a 30-year contract from 1894, with
option of 30-year extension. Year 1910-11, gross, S48.536; net, 547,403;
lnt. & taxes, 536.842; bal., sur., 510,561. Stock, 5600.000.— (V . 91. p.397.
L E H IG H & H U D S O N R I V E R R Y .— Owns from M aybrook on Central
New England R y . to Belvldere, N. J ., on the Penn. R R ., 73.9 miles; and
from Phllllpsburg, N. J ., to Easton, Pa., 10.7 miles; trackage, Penn. R R .,
Belvldere to Phllllpsburg, 13.3 m .; D . L . & W . trackage, A ndover Jet. to
P ort Morris, N . J ., 8.7 m .; total operated, 96.6 miles. V . 79, p. 269; V . 94,
p. 416. Stock, 51,340,000; par, 5100.
B O N D S.— Of the 52,505,000 gen. m tge. bonds out, 51,062,000 are guar.
Jointly, p. & 1., by the Central R R . of N . J . and Leh. Coal & Nav. Co. An
additional 5165,000 are reserved to take up prior liens and 5330,000 for
extensions or acquisitions of connecting roads. In Mch. 1911 permission
was given to Issue 51.185,000 additional bonds to refund the 51,185,000 old
bonds maturing July 1911 and April 1912. V . 92, p- 595, 1701. See form
o f guaranty, &c., In V . 67, p. 788; also V. 85, p. 1513.
E A R N IN G S .— 12 m os., J1911-12.........Gross, 51,021,890; net, 5558,657
July 1 to June 30.
11910-11_____Gross, 1,465,796; net, 558,039
Surplus after charges, 5236,472, against 5241,263 in 1910-11.
A N N U A L R E P O R T .— For years ending June 30, V . 93, p. 1781.
Year end. June 30.
Gross.
Net.
Oth.Inc. In t.,T xs.,& c.B a l.,su r.
1911-12_____________ 51,620,890 5558,657 514.964 5330,850 5236,771
1910-11....... ................. 1,465,795
558.039
______
313,775 244.264
Lewis A . R iley, Pres., Philadelphia, P a .— (V . 94, p. 416, 826.)
[VOL.LXXXXV
R AILW A Y STOCKS AND BONDS.
2,000,000
4 g
15,000,000
4 )4
3,000,000 .
4)4
10,000,000
5 g
6,000,000
5
51,000
4)4
200,000
5 g
8,500.000 4, 4 )4 ,
750,000
6 g
1,250,000
5 g
See text
4
See text
10
10,114.000
5 g
1,400,000
4 g
1,082,000
5 g
200,000
6
g
g
g
5
J
&
&
J
J
&
M &
J
&
&
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J- &
&
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A &
A &
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M &
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&
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&
J &
J
&
J &
M &
F &
M &
M &
M
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D
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A
S
S
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Jan 1 1923
July l 1917
July 1 1920
July 1 1920
Dec 1 '1 2 -’ 16
July 1 1945
Jan 1 1952
July 1 1954
Oct 1 1953
Apr 11958
T o June 1 1923
T o May 1 1926
July 13 ’ 12, 5%
July 13 ’ 12. 5%
June l 1948
Dec 1 1923
Irredeemable
May 1 2003
Feb ’ 13-Feb ’26
T o Sept 1 1916
M c h ’ 13-S ept’ 17
Central Trust Co, N Y
llr v N a t Bk, N Y ,a n d 1st
t Nat B k,W arw ick, N Y
Irving Nat E xch B k, N Y
Philadelphia
437 Chestnut St, Phlla
do
do
do
do
do
do
do
do
Guar Tr & S D Co, Phlla
do
do
Checks mailed
do
do
Office, 228 So 3d St, Phil
do
do
do
do
JPM organ& Co,NY & Phil
do
do
& S Sept 1 1945
& J July 1 1940
& S Mch 1 1957
& o Oct 1 1941
& N May 1 1920
& N N ov 1 1935
& N N ov 11942
& () Apr 1 1939
A O A pr 1 1914
& O A pr 1 1914
& A Aug 6 ’ 12, 2 %
& A Aug 6 ’ 12, 5%
& J Jan 1 1933
A J Jan 1 1933
& J Jan 1 1932
& J July 1 1917
Philadelphia
JPMorgan& Co,N Y & Phil
do
do
JPMorgan&Co, N Y& Phll
Office, 228 So 3d St, Phil
do
do
do
do
Lehigh Valley R R , Phlla
do
do
do
do
Office, 228 S 3d St, Phlla
do
do
JPMorgan&Co. N Y& Phll
do
do
Philadelphia
do
do
L E H I G H & N E W E N G L A N D R R . — 1 perates R oad from H auto, P a.,
to Campbell Hall, N . Y ., 127 miles; llalnesburg Jet., N . J ., to E dgewatcr,
N . J ., 00 miles; Bethlehem, P a., to Benders Jet., P a., 19 miles; Bath, P a.,
to M artins’ Creek, P a ., 18 miles, and branches, 47 miles; total, 271 miles,
o f which 9 miles are leased and 104 miles operated under trackage rights,
leaving 58 miles ow ned. Lehigh Coal & N av. Co. owns control. V . 78,
p . 1781, 1962; V . 91, p. 1386.
S E C U R IT IE S.— Stock authorized, 53,000,000; Issued, 51.000,000; par.
550. Of the generals of 1908 (57,500,000), 53.350,000 were reserved to re
tire remaining underlying bonds and 51,265,000 for future requirementsThe 51.280,000 outstanding are owned b y Lehigh Coal & N av. Co. (V'. 91«
p. 1386), which also guarantees car trusts A & B . V . 86, p. 1343, 1409.
E A R N IN G S .— F or year ending June 30 1912 (170 m iles), gross, 5895,732’
net, 5297,383; charges, 5307,374; b al., d ef., 59,992. Pres., Samuel D .
W arrlner; V .-P ., and Gen. M gr., Rollln II. W ilbur; V .-P . and General
Counsel, W m . Jay Turner; Sec. and T rcas., H . F . Baker.— (V . 95, p . 111.)
L E H I G H V A L L E Y R R . — (See M a p .)— Operates:
Main Line (fee, or all stock ow ned),
|L e a s e d ________________________ 143
63
Jersey City to B uffalo------------- 4 4 6 1T ra ck a g e ______________________
Branches (fee or all stock ow n’d) .802
--------Total, July 1 1912 (2d track 606 m iles)...................................................1,454
H IS T O R Y , E TC.— The Drexel-Morgan Interests, It Is understood, have
a preponderating voice In the m anagement. A syndicate represented by
Kuhn, Loeb & Co. In July 1910 acquired a large Interest. V . 91, p. 276.
COAL P R O P E R T Y .— The Lehigh Valley R R . Co. owns all the (51.965.
000) stock of the Lehigh Valley Coal Co. (V . 81, p. 1726). Annual report
for 1911-12 In V . 95, p. 477. Purchase In 1905 of Coxe B ros., see “ B o n d s."
The Coal Co. shipped from collieries owned and controlled 8,224,317 tons
of anthracite coal In 1911-12, against 9,021,206 tons in 1910-11; total coal
and coke tonnage 1911-12 was 15,166,853.
In Jan. 1912 the Lehigh Valley Coal Sales Co. was Incorporated with
510,000,000 authorized stock, of which 50,060,800 to be Issued Immediately;
the railroad stockholders being permitted to subscribe for Its stock at par
pro rata to the extent of 10% of their holdings. See extra dividend below,
and Lehigh Valley Coal Sales Co. under "Industrials.” V . 94. p. 123;
V . 92, p. 956; V . 95. p . 487, 478.
ST O C K .— The shareholders voted June 22 1910 to Increase auth. com
m on stock from 540,334,800 to 580,000,000, of which 520,166,900 was sub
scribed for by stockholders at par, paym ent being made b y O ct. 31 1910,
the proceeds to be used to retire 56,000,000 2d M. 7s due Sept. 1 1910 and
other obligations, and for future purposes. V . 90, p. 1101, 1676.
D IV ID E N D S .—
f ’92. ’93. ’94-’03. '04. ’05. ’06. ’07-’ 10. ’ l l . 1912.
None
1
4
4 6 y ’ly.
10
10
Since 1891 ( % ) ..............\ 5M 4
In Feb. 1912 also an extra cash dividend of 10% , applicable If de
sired to subscription for stock of new Leh. Val. Coal Sales Co. Sec that
com pany under “ Industrials.” V . 94, p. 123.
BO N D S.— The gen. consol, mtge. of 1903 will secure 5150,000,000 bonds
bearing not to exceed 5 % ln t., covering the entire road, the stock of the
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, 510,000,000
were Issuable at once, 510,000,000 were reserved to retire car trusts and
coal-purchase bonds, 596,000,000 to retire at or before m aturity outst. fixed
obligations amounting to 594,130,000 (Incl. the coll, trust bonds of 1897 and
52.000. 000 coal trust ctfs. of 1902, which were called for paym ent), on pay
ment of which the general consols will be a first lien on all tlic property of
the system, except as to 512,600,000 annuity bonds, which arc a perpetual
charge; the remaining 534,000,000 were Issuable at not exceeding 52,000,000
a year, or such larger amounts as may be authorized by stockholders, begin
ning Jan. 1906, lor acquisitions, terminals, coal properties, equipment, &c.
Old bonds may, how ever.be extended. If necessary, for not over two years.
Provision may be made at the time of issue of bonds thereunder for the right
to convert Into stock at the pleasure o f the holder not over 525,000,000 at
any one time. V. 77. p. 824; V. 78, p. 287: V . 79. p. 1642; V . 82. p. 1380;
V . 86, p. 1343; V . 88, p. 1372. See property covered In V . 81, p. 211.
The purchase of the stock of Coxe Bros. & Co. (52,910,150) and of the
Delaware Susquehanna & Schuylkill R R . (51.500,000) In O ct. 1905 was
financed by an Issue of 519,000.000 coll, trust 4 % bonds, to be retired by
5500,000 semi-annual Installments beginning A ug. 1907 and secured by
deposit of those stocks. The bonds are subject to call as a whole at 102)4,
beginning Aug. 1 1912, or In the order of serial numbers. V . 81, p. 1175,
1242, 1376; V . 82, p. 100; V . 83v p. 702; V . 84. p. 1428; V . 88, p. 452.
G U A R A N T IE S .— Lehigh Valley Rail W ay Co.— Owned Buffalo, N. Y .,
to near Sayre, P a., 175.16 miles, double track, and branches, 333.60 miles,
in all 508.76 m ., covered by 515,000.000 m tge. of 1890, but in 1903 and
1905 consolidated with other sub. cos. and in 1907 absorbed the Lehigh &
Lake Erie. Stock, 511.745,000, all owned by Lehigh Valley R R. Mortgage
abstract, V. 51, p. 114; V . 77. p. 147, 972; V . 81, p. 784; V . 84. p. 1366.
Lehigh Valley R R. Co. of New Jersey.— Owned double-track road from
Phllllpsburg, N. J ., to Jersey City, and branches, with about 125 acres at
Jersey City and a large water front, &c. T otal mileage, 121.59 m. S tock,
520.433.000, all owned by Lehigh Valley R R . V . 77, p. 972; V . 53, p. 640,
880; V . 81. p. 784: V . 83. p. 703.
Morris Canal.— Leased In perpetuity and dividends guaranteed. Bonds
all owned by Lehigh Valley. See V. 50, p. 137. Of the outstanding 5 1 .
025,000 consol, and 51.175.000 pref. stock, 5991,300 consol, and 51.139,900
p ref., respectively, are owned b y the Lehigh Valley R R . In Feb. 1912 a
bill to permit abandoning the canal and turning over water-rights to the
State was before the New Jersey Legislature, which adjourned without
passing the bill. It Is proposed to pay off the stock. V . 92, p. 527, 1109;
V. 93, p. 811, 1106; V . 94, p . 419; V. 95, p . 488.
P enn. & N . Y . Canal A R R .— Leased for 99 years from Dec. 1 1888 to
Lehigh Valley, which has assumed Its debt and owns all Its stock. Consols
Include 54,000,000 5s, 53,000,000 4s, 51,500,000 4 )4 s. V . 62. p. 950.
Consolidated Real Estate Co.— See V . 78, p. 1223; V . 9. p. 1271; V . 83.
p . 702. T o June 30 1912 none had been sold.
O c t ., 1 9 1 2 .J
R A ILW A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Lehigh Valley— (Concluded)—
Consol Real Estate first mtge $2,600,000 guar_Usm
Lexington Union Station— Preferred stock (see t e x t ).
Lime Rock— Consolidated refunding mortgage g o ld .Litchfield & Aladison— First mtge $1,000,000 g o l d ..
Little Falls & Dolgcville— First mtge $250,000 g o l d ..
Little Miami— Stk original gu 8 % 99 yrs P C & St L__
Special guaranteed betterment stock ($5,000,000) . .
Renewal mortgage, to be paid N ov 2 _____________
M iles Date
Road Bonds
1906
12
44
1904
1903
84. 1882
1912
Little Rock & Hot Sp W est— See St Louis Iron Mtn & Sou.
Little Schuylkill Nav RR & Coal— Stock (rental guar)
32
Live Oak Perry & Gulf R R — First m ortga ge.-S B a .c
81 1905
Long Island— Second (now first) m ortg a g e...............c*
155 1878
Consolidated mortgage (gold) ($3,610,000 are 5s) Cc
156 1881
General mortgage gold ------------------------------------Ce.c*
163 1888
Long Island R R mtge on ferry for $2,750,000 g Ce.c*
1892
Stewart Line mtge of 1932 for $500,000 gold
Cc
18 1892
Debenture ($1,500,000) gold not subject to call
1894
New York & Flushing first mortgage assumed
Cc
2 1880
Bklyn&M ont 2dM assu BusSta to E ’ tp ’t & brs.C e.c*
76 1888
Consolidated mortgage gold assum ed____Ce.c*
19 1887
New York Bay Extension 1st M assumed $200,000
6 1893
Montauk Extension $600,000 1st M assumed
21 1895
Unified M gold callable at 110. .
______ U sm .c&r
316 1899
R efund mtge $45,000,000 gold gu p & 1___Ea.c*& r
316 1903
Debentures $10,500,000 authorized_____________
1909
Leased and Controlled Lines, Principal or Interest Guara nteed.
L I R R No Sh Br cons M $1,425,000 gu p & I.C e.c*
30 1892
N Y B & Man V 1st cons M $1,726,000 gold gu ___Ce
19 1885
N Y & R ock Beach 1st M $984,000 guar p & 1____Cc
1887
P P & C I 1st and 2d ($96,000 seconds) guar p & 1_.
10 ’8 6 -’91
Lorain & W est Virginia — 1st M $2,000,000 g o ld .c ’ &r
35 1906
Louisiana & Arkansas — Stock $7,000,000 authorized.
250
First mortgage $7,000,000 gold (te x t)____ G,c*&r
250 1902
Louisiana & North W est R R — Prior lien gold _________
35 1895
First mortgage $10,000,000 g o l d . . ..............M S t.c*
115 1905
Par
Value
Amount
Outstanding
Rate
%
$1,000 In treasury
100
$3S8,000
400,000
1,000
1,000,000
1,000
250,000
100 &c
4,943,100
50
50
3,799.000
1,500,000
1,000
1,070.000
4
4
4 g
5 g
3 g
8
4
5
4
50
2,487.950
5 g
1,000
405,000
5
100 &c
7
268.703
1,000
4,731,000 4 & 5 g
1,000
3,000,000
4 g
1,000
1,494,000
4)4 g
1,000
332,000
4 g
1,000 a l , 135,000
5 g
1,000
125,000
6
1,000
5 g
600,000
1,000
650,000
5 g
1,000
alOO.OOO
5
1,000
a315,000
5
1.000
5,660,000
4 g
500 &c 24,008,000
4 g
4
12,062,951
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
a l , 262,000
5 g
a l , 601,000
5 g
a883,000
5 g
430,000
4)4
4 g
2,000,000
5,000,000 See te x t.
5,096,000
5 g
100,000
5 g
2,080,000
5 g
a In hands o f public; total Issue shown In left-han d colu mn; ba lance un der unified
Seneca County R y .,$500,000 g u .b d s.; none sold June 1912. V .7 9 , p . 1271
Lehigh * Lake Erie mortgage ($3,000,000) covers 11 m. double-track ter
minal road at Bulfalo. V . 81, p. 211; V . 83, p. 702. Leased for 999 years.
V . 84, p. 1248; V . 85, p. 412; V . 87, p. 817. 818.
E A R N IN G S .— 2 m o s .,fl9 1 2 ------------Gross, $7,533,547; net, $2,880,735
July 1 to A ug. 31. 11911------------Gross. 6,515,141; net, 2,324,592
A N N U A L R E P O R T .— Fiscal year ends June 30. The report for 1911-12
was given In V . 95, p. 477, 486. See also editorial, p. 452.
Revenue from Operation—
1911-12.
1910-11.
1909-10.
Coal freight revenue.................................$16,301,316 $17,155,534 $15,821,798
Merchandise freight revenue................. 14,591,240
14,687,291 14,757,799
Passenger revenue.....................
4,703,734
4,568,030 4,330,172
Mall, express, & c..................................... 1,309.645
1,276,548
1,257,629
Total operating revenue................... $36,905,935 $37,687,403 $36,167,398
Net after taxes......................................... $10,443,135 $12,814,437 $13,230,156
Other Incom e.............................................. 2,116,461 i 1,675,739
1,406,458
.
,
$12,559,596 $14,490,176 $14,636,614
Interest on bon d s.................................... $3,167,635 $3,306,268 $3,806,436
Rentals and guaranties...............
2.438,303
2,514,907
2,544,622
Miscellaneous deductions.......................
140,638
168,994
148,155
Additions and betterm ents__________
340,944
980,549
843,877
Dividends on preferred stock (1 0)___
10,630
10,630
10,630
Dividends on com m on stock ------------(10)6,050,170 (8)4,235,129 (6)2,420,088
Balance, surplus..................................
$411,276
$3,273,699 $4,862,806
Pres., E . B . Thom as, 143 Liberty S t., N. Y .; Vice-Presidents, J . A ,
M iddleton, T . N. Jarvis, L. D . Smith; Gen. M gr., J. F. Maguire; Treas.,
J. M. Baxter; S ec., D. G. Baird, 228 So. 3d S t., Philadelphia; Executive
Comm ittee: Chairman. E . B. Thom as; Geo. F. Baker, E. T . Stotesbury,
Charles Steele, W . II. Moore, Daniel G. Reid and George F. Baer.
Directors— Edward T . Stotesbury, VV. It. Butler, Alfred C. Harrison,
W m . II. M oore, Daniel G. R eid, E. S. M oore, Charles Steele, Abram Nesblt.
Geo. F . Baker, Henry B . Coxe, E . B . Smith, G e o .F . Baer.— (V .9 5 ,p .486.)
& E A S T E R N R Y . — Owns from Lexington, K y ., to Quick
£ ? r-Va£ ou£ 9.?, "!• V- 7:5 • P- 663; V . 90, p. 589. In N ov. 1910 the
Nashville had acquired all of the $500,000 stock and most of the
$1,500,000 gen. M. bonds and deferred debentures ($330,000) and Is building
an extension from Jackson, K y ., up the north fork of the K entucky River
to a point near the headwaters of B oone’s Fork, about 97 miles, of which 2
opened N ov. 1910. Upon paym ent by the Louisville & Nashville
o f the $800,000 1st M. bonds due July 1 1911, the property became practlcally free of mortgage debt. V . 91, p. 1447; V . 92, p. 1701; V . 95, p .8 9 8 .
E A R N IN G S .— 2 m os., /1 9 1 2 ................Gross, $124,673; net, $48,970
July 1 to A ug. 31.
11911--------...G r o s s ,
101 150' net
33 787
m iCmnC?',lln! ; i 'n C e r o s s P 5563.173; net. before taxes,' $198,503,
«?o\ > rr?.'T v .Br0Sb’ 5.o32,848, net, over taxes, $157,157; other Incom e,
$18,3o9, charges, $130,2o0; surplus, $45,267. Pres., Arthur Cary,
L exington, K y .— (V . 91, p . 1447, 1701.)
L E X I N G T O N ( K Y .) U N IO N S T A T IO N C O . — Owns passenger station.
Common stock, $15,000, owned equally b y Loulsv. & Nashv., Ches. &
Ohio and Lexington & Eastern. There has been authorized $500,000 of 4%
cumulative (non-voting) preferred stock, secured by m tge., and rentals paid
b y above-nam ed roads on basis of passenger cars. Pres., W . A . McDowell.
L I M E R O C K R R . — Owns road In and around R ockland, Me., 11 m .;
trackage, 1 m .; total. 12 m . Stock, $450,000; controlled by the RocklandR ockport Lime Co. of Maine (V . 92. p. 960). Dlv. In 1905-00, 5 % ; 1906
07, 5 % , of which 3 % from accumulated surplus; 1907-08, 2 H % - 1908-09
^ ' o l n 09' 1? ’
iS lO -H , 3 H % .
Year ending June 30 1911, gross,
J i y i J J 0 ’? 24'’ other Income, $2,998; lnt. and taxes, $18,692; d lv.
(3 X % ) , $14,025; bal., sur., $605. Office, R ockland.— (V . 82, p . 1380.)
L I T C H F I E L D & M A D I S O N R Y . — Owns Litchfield Jot. to Madison, 111.,
44 m .; trackage, 1 m .; total, 45 m. Stock, com m on. $500 000* nrof 4%
non -cu m ., $500,000; par of shares, $100. Car trusts June 30 1912, $189,
3 5 °. Form erly controlled by Chicago Peoria & S t. Louis. For year ending
June 30 1J12, gross, $227,429; net, $84,112; other Income, $6,273; lnt.,
— ^ v ’ 79°'p^ 24’5o ^ : b a l" sur” 523,847. Pres., James Duncan, A lton, 111.
L E X IN G T O N
i e
D oV iJ/in.? ?n lrILii’ & D ° E Q E V,EE ,E R R — Owns Little Falls, N . Y „ to
R B e x tra rlin V frim ' Operates under agreement Dolgcville & Salisbury
Stonir ^259 n o r /
to mine of Salisbury Steel & Iron Co
Tu?v^1906 ir'nnim ? , 1 1 A110 N« v York Central & Hudson River R R . In
i o n 1rrrossCS02 ft1!!1. a^ r t y ’ Bonn,(1o’ scc table- For year ending Dec. 31
NAwm^n- S ee2 ' ? T w Co nC.om e’ 528,842; charges. $14,100. Pres., W . H .
Newm an. Sec., D . W . Pardee.— (V . 83, p . 272; V . 95, p . 176.
►.y}v^'EEn/w^M/^/Y^A RR .— Parkersburg, W . V a., to Crcston, 50 miles.
73
When
Payable
F &
J
&
J &
M &
J
&
0 -- M
Q-- M
M &
A
J
J
N
J
10
10
N
& J
& O
& A
Q— J
j
& D
M & S
J & D
J & D
M & S
J & D
M & N
J
& J
& J
J
M & S
M & S
J
& D
J
A
F
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Feb 1 1956
July 1 1912 2% Office, L exington, K y
July 1 1929
Portland, Me
N ov 1 1934
Central Tr Co, N Y
July 1 1932
Am er E xch Nat B k. N Y
Sep 10 1912 2 Office, Fosdlck Bldg, Cin
Sep 10 1912 1%
do
do
N ov 2 1912
Bank of A m erica, N Y
N ov 219 6 2
July 15 ’ 12 3
Oct 15 1920-27
Aug 1 1918
July 1 1931
June 1 1938
Mch 11922
June 1 1932
June 1 1934
Mch 1 1920
June 1 1938
May 1 1937
Jan 1 1943
Jan 1 1945
Mch 1 1949
Mch 1 1949
Dec 31 1919
Q— J
Oct 1 1932
A & O Oct 1 1935
M & S Sept 1 1927
Various 1926-1931
J
& D June 1 1956
Seml-an Sep 15’ l l 1 )4 %
M & S Sept 1 1927
.1 & .1 Jan 1 1945
A & O Apr 11935
O ffice, 410 W alnut,Phlla
Safe Deposit & T rC o.B alt
U S Mtge & Trust C o,N Y
do
do& L on
do
do
do
do
do
do
do
do& Lon
do
do
do
do
do
do
do
do
do
do
do
do
A m Nat E x c h B k, N Y
U S Mtge & Tr Co, N Y
do
do
do
do
do
do
City S & T Co, Clev&NY
Checks mailed
Guaranty Trust Co, N Y
B ood y, McL & Co, N Y
Treas Office, St Louis
mtge.
Lessee’s rep ort sh ow s results to lessee: 1 9 0 7 , loss, $ 5 4 K4 7 7 ; In 1 9 0 8 , loss,
$ 1 4 2 ,9 4 6 ; in 19 0 9 , profit, $ 6 7 ,1 7 1 ; in 1 9 1 0 , p rofit, $ 7 9 ,6 4 6 ; In 1 9 1 1 , p rofit,
$ 1 8 9 ,5 3 9 .
S to c k a u th . $ 1 0 ,0 0 0 ,0 0 0 .
B eg in n in g D e c . 1 8 9 9 1 - 5 % ex tra
paid on c o m m o n stock each D e c . and Jun e fr o m su rp lu s In vested fu n d s,
m a k in g d ivid en d 8 2 - 5 % y e a r ly .— ( V . 9 5 , p . 7 5 0 , 1 0 4 0 .)
L I T T L E S C H U Y L K I L L N A V I G A T I O N R R . & C O A L .— O w n s from P ort
C lin ton to T a m a n e n d an d R e ev e sd a le, 3 1 .4 2 m iles; 2 d tra ck , 2 6 .6 5 m .; to ta l,
9 0 .8 4 m iles.
R e -le ased on D e c . 1 1 8 9 6 to P h lla . & R e a d . R y . for 9 9 9 years
an d ren tal reduced from 7 % on sto ck to 5 % gold from J a n . 1 1 8 9 7 .
D iv i
d en d s: In 1 8 9 8 . 5 ) 4 % ; 1 8 9 9 . 5 ) 4 % ; 1 9 0 0 , 5 ; 1 9 0 1 , 5 )4 ; 1 9 0 2 , 5 y2; 1 9 0 3 , 5 ;
1 9 0 4 , 5 ; 1 9 0 5 , 5 )4 ; 1 9 0 6 . 5 ; 1 9 0 7 , 5 14; 1 9 0 8 , 5 H : 1 9 0 9 , 5 : 1 9 1 0 , J a n ., 2 )4;
J u ly , 3 % ; 1 9 1 1 , J a n ., 2 1 4 % ; J u ly , 2 ) 4 % ; 1 9 1 2 , J a n ., 2 J * % ; J u ly , 3 % .
Lessee p a y s ta x e s and organ ization ex p e n se s.— ( V . 7 3 , p . 5 5 4 .)
L I V E O A K P E R R Y & G U L F R Y . — See p ages 1 4 1 -2 .
L O N G I S L A N D R R .— O p erates th e ste a m su rface road s
of Long
Islan d
Owns—
M iles.
Leases — ( ‘ W h ic h see.)
M iles.
Long Island City to Greenport___95 J a m aic a & S o . S h . ( V . 7 8 , p . l 0 2 ) _ _ 5
Long Island City to M ontauk____ 115 N . Y . B k ly n . & M a n . B c h .* ______ 15
Sundry branches________________ 109
Trackage —
P e n n a . T u n n el & T e r m in a l________
4
Leases ( ‘ which see)—
Nassau Electric R R _______________ 10
399
T o ta l D e c . 31 1 9 1 1 - .............
North Shore Branch R R __________ 30 O p e r . electrically In D e c . 1 9 0 9 ____ 140
N . Y . & R ockaw ay Beach R y.* _ _ 12 D o u b le
__ tra
______
c k _________________________ 132
Also owns, through the L ong Island Consolidated Electrical*Companies"
the Huntington R R ., Northport Traction, Nassau County R y ., Glen Cove
R R . and Ocean Electric R y ., having com bined mileage of 32 )4 m ., incl. 15)4
m ., Huntington to A m ltyville, opened A ug. 26 1909, and a one-half Interest
in N . Y . & Long Island Traction Co., 35 m ., and Long Island Electric R y ..
27 m . V . 89, p. 593; V . 90, p. 1040.
The L . I. trains began using the station and tunnel of the Penn. R R . In
N . Y . City Sept. 8 1910.
ST O C K .— $12,000,000, par $50; of which Penn. R R . owns $6,797,900.
D IV ID E N D S .—
/ ’82. ’83-’90. ’91. '9 2 . ’93. ’94. ’ 95. ’96.
None
P e r c e n t ...........................\ 1 4 y ’ly. 4 ) 4 5
5 4 )4 4
4
since.
B O N D S.— The refunding 4s of 1903 ($45,000,000 authorized Issue) are se
cured b y a lien on the entire road, subject to the $21,992,000 outstanding old
bonds, to retire which an equal am ount Is reserved; remainder, $24,008,
000, guar, as to prln. and lnt. b y the Penn. R R ., were sold, the proceeds to
be used for various Improvements and additions in connection with the
Pennsylvania tunnels to and through New York City, principally for addi
tional terminal facilities at B ay Ridge and Long Island City and for a double
track connection with the New Haven road, for additional freight and pas
senger terminals, tracks, equipment, and to retire old bonds. V . 78, p.
583. 1549: V . 79, p. 2796; V . 80, p. 1111; V . 81, p. 211; V . 82. p. 868; V . 92,
p. 527. Due Penna. R R . O ct. 1911 for advances, $12,798,792, on account
of which $12,062,951 debentures had been Issued. V . 93, p. 1022.
Equipm ent trusts Dec. 31 1911, $3,322,000; loans and bills payable, $9.
537,810. Penn. Co. D ec. 31 1911 owned $2,000,000 4 % equip, certificates
and Penn. R R . $722,000.
The unified mortgage Is limited to the amount now outstanding. Bonds
are subject to call at 110 In whole or In part on any Interest day. V . 68.
p. 618. Mtges. on real estate, $1,969,917. V . 76, p. 266; V . 85, p. 160.
In N ov. 1909 authority was given to Issue not over $16,500,000 10-year
4 % debentures, of which a portion to be Issued to reimburse the Pennsyl
vania R R . for advances aggregating $6,062,952 on account of various Im
provements during 1905 to 1908, the remainder to cover additional im
provem ents. V . 89. p. 529, 1411; V . 90. p. 698, 1040; V . 93, p. 1022.
G U A R A N T IE S .— In addition to guaranteed bonds In table above, guar
antees 5 % on $650,000 New York Brooklyn & Manhattan Beach pref. stock
as part rental; also 4 ) 4 % on $50,000 P . P . & So. Br. stock and 4 ) 4 % on
$82,500 of the New York & Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and Inter
est, an authorized Issue of $10,000,000 4 )4% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding com pany, all
of whose stock Is owned, for the trolley lines owned and controlled. See
V . 82, p. 100, 864; V . 84. p. 865: V . 86. p. 1157. No b d s.so ld to Dec. 31 1911.
E A R N IN G S .— 8 m o s .,/1 9 1 2 ------ Gross, $7,499,846; net, $1,669,767
Jan. 1 to A ug. 31. \ 19 1 1 ------ Gross,
7,086,872; o p .d e f, 1,487,828
R E P O R T .— R eport for calendar year 1911 was In V . 94, p. 1115.
1911.
1910.
1909.
Operating re v en u e------------------------------$10,517,751 $9,779,116 $8,960,395
Net (after taxes)_____________________ $2,366,6SS $2,195,222 $2,617,726
Other incom e_____ _______
342,991
275,051
280,608
T o ta l net In com e______________________ $ 2 ,7 0 9 ,6 7 9
F ixed r en ta ls_____________________________
$ 2 5 5 ,1 3 0
In terest on b o n d s_______________________
2 ,1 0 2 ,0 0 7
O th er Interest, hire o f eq u ip m en t, & c . ______________
8 1 0 ,4 9 8
$ 2 ,4 7 0 ,2 7 3
$ 2 5 5 ,0 9 5
2 ,0 8 5 ,8 4 8
4 5 7 ,8 9 3
$ 2 ,8 9 8 ,3 3 4
$ 2 5 5 ,1 2 7
1 ,8 0 3 ,3 3 0
5 2 3 ,0 9 6
B a la n ce , surplus or d eficit-------------- d e f .$ 4 5 7 ,9 5 6 d e f ,$ 3 2 8 ,5 6 3 s u r .$ 3 1 6 ,7 8 0
B o n d Interest docs n ot Include all the In terest, a “ proper p rop ortion ” on
securities Issued for Im p rove m e n ts ex te n d in g throu gh several ye ars, from
w hich no ad dition al revenu e can b e d erived u ntil c o m p le tio n , h a v in g been
charged to c o st o f c o n str u c tio n .
S ee V . 8 4 , p . 8 6 5 .
P r e s., R a lp h P eters; T r e a s ., J am e s F . F a h n e sto c k , B road S t . S ta tio n .
P h ilad e lp h ia.— ( V . 9 3 , p . 1 4 6 2 ; V . 9 4 , p . 1 0 5 7 , 1115; V . 9 5 , p . 1 0 4 0 .)
fn ^ w P lSt S ' ^ h n n e i n L ^ r h , lcascd. to P ittsb u r g h C incinnati & S t . L ou is
1 T h n p&TnA nn n nttr i.C ,ii0aBO * vSt' L o u ls) for 9 9 ye ars, renew able forfaJthVnl r w m i i S '
'J o S - part/ . to thc c o n tra ct an d gu arantees Its
BO N D S.— The stockholders on Sept. 30 1912 authorized -i trnnemi m tm
^ • • ;w lth Uathfl0rstenen % T th e f f i e
u j /t h t /I s m a^ u H n g^ °th a t°d a te°an d t^eare1nainderIfroinVtlmo!)fo time1to
p a y for betterments when approved.
V . 95, p . 7 5 9 .
1 ° ° 1 m e t0
L O R A IN & W E S T V I R G I N I A R Y .— W e llin g to n to L o ra in , O ., 3 0 m iles,
with b ranches, 5 m .
S to c k , $ 2 ,0 0 0 ,0 0 0 , all o u tsta n d in g ; p ar, $ 1 0 0 .
F or
m e rly controlled b y W h e e lin g & L a k e E r ie , b u t c on trol relinquished In
O c t. 1 9 0 8 , g u a r a n ty o f bon d s b ein g can celed .
O p erated In J u ly 1911 by
receiver of W h . & L . E . u n d er an op eratin g c o n tr a c t.
B o n d s, $ 2 ,0 0 0 ,0 0 0
a u th o rize d .
C itizen s’ S av in g s & T r u st C o . o f C lev e la n d , tru stee.
For
ye ar en d ing Jun e 3 0 1 9 1 2 , gross, $ 2 3 0 ,5 2 3 ; n e t, $ 1 4 2 ,5 7 0 .
In 1 9 1 0 -1 1 ,
gross, $ 1 6 7 ,2 7 9 ; n e t, $ 1 0 4 ,3 6 3 ; other In com e, d c f ... $ 2 8 ,4 6 9 ; ln t ., ta x e s ,
& c „ $ 1 0 9 ,7 3 7 ; b a l., d e f ., $ 3 3 ,8 6 9 .
In 1 9 0 9 -1 0 , gross, 5 1 5 4 ,5 5 8 .
P r e s.,
H . W . S ea m a n ; S e c . & T r e a s ., J . R . N u t t ,— ( V . 8 7 , p . 1 1 6 0 .) • • •
74
R A IL W A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
IFor abbreviations, A c., see notes on first page]
Louisiana Ry & Nav— First M gold (see te x t)_ .F .c A r
Louisiana Southern— 1st M g red at 105 since ’02 Ce.c
Louisiana W estern— First mortgage g o l d . . ..........Ce.c*
Louisville Bridge Co— S tock ---------------------------------------Louisv Hend & St Louis— 1st M $2,500,000 gold ------ (i
Louisville & Jeff Bridge— $5,000,000 g gu p & 1 cnd.c*
Louisville & Nashville— Stock $72,000,000 --------------E II & N 1st M Hend to Nash g drawn at 110.C e.c’
Louisville A Nashv gen M gold drawn at 110-Cc.c*
L C & Lex gen mtge gold (V 63, p 1010)
____G.c*
Pensacola Div 1st M gold (drawn at 105)__ F.c*
New Orl & Mob Dlv 1st M N O to Mobile g .-F .c *
Second mortgage gold ......... ................. ...............c*
Southeastern & St Louis D lv first mtge g o ld ____c*
Second M gold East St Louis to Evansv & b r ..c *
First M (50-year 5s) $15,000 per mile gold ___Us.c*
First mtge collateral trust ($7^,000,000) g old ___F.c*
Unified mortgage for $75,000,000 gold . .C e.c* Ar
St Louis property first mtge gold $650.000__ SSt.c
Mobile & M ontgomery join t M $5,000,000 g o ld .C e.c
Pen & A t first mortgage gold drawn assum ed____c*
Henderson Bridge Co 1st M gold drawn 105. .C e.c*
Nashv Flor & Shell 1st M g assumed In 1 9 0 0 ..Ce.c
Paducah A Mem D lv 1st M $5,000,000 g o l d .. Ba.c*
Sou & Nor Ala cons M (for $10,000,000) g gu Ce.c*
Newp & CIn Br 1st M g s f assum gu by Penn C o. F
L A N-So j ’ t M $7,750,000 red 105 since ’0 7-S .c* Ar
Kentucky Central 1st M ($7,000,000) g o l d .. Mp.c*
A tlanta Knoxville & Northern first mtge g old ._C c
A t! K n oxv A Nor consol M gold $10,000 p m — Us
L A N— A tl K nox A C Dlv M $50,000,000. Us.c* Ar*
L & N Term M $3,000,000 gold guar jo in t l y .. Ba.c*
Louisville New Albany & Chicago— Sec Chicago India
Lvkcns Valiev— Stock— Rental pays 4 % ------------------Macon & Birmingham— First M $500,000 gold .O B .c
Macon Dublin & Sav— 1st M $1,840,000 g gu p & IN.c*
Alainc Central—Stock and scrip ($15,000,000)-------c Also $5,756,000 In treas. or In sink, funds. See
f $15,000. g $424,000. i $671,000. j $38,000.
M iles Date
Road Bonds
342
45
106
___
182
155
803
176i
45
141
141
208
208
192
T ext
179
160
10
105
254
192
247
228
228
830
___
napoll
19
97
93
1903
1897
1881
1896
1895
1879
1880
1881
1880
1880
1880
1881
1881
1887
1888
1890
1891
1895
1881
1881
1887
1896
1886
1895
1902
1887
1896
1902
1905
1902
s & Lo
1896
1907
text. A d d ’l
n $31, 000.
Par
Value
$1,000
500
1,000
100
500
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000 Ac
1,000
ulsvllle.
20
1,000
1,000
100
amounts
r $217,00
Amount
Outstanding
Rate
%
When
Payable
[Vol.
Last Dividend
and Maturity
l x x x x v
.
Places Where Interest and
Dividends are Payable
Farmers’ Trust Co, N Y
& J July 1 1953
$10,545,000
4H g J
M & s Mch 1 1950
It W Inthrop A Co, N Y
250,000
5 g
A J July 1 1921
S P Co, 120 B ’w ay, N Y
2,240,000
J
6 g
1,500,000 8 In 1912 Seml-an July 1 1912 4 % Pittsburgh, Pa
A J July 1 1946
Ilk of Am er. N Y ;A Loula
j
2,500,000
5 g
J P Morgan A Co, N Y
M & s Mch 1 1945
4,500,000
4 g
See text. 7 In 1912 F & A Aug 10 1912 3 Vi 71 B roadw ay, New Y ork
& D Dec 1 1919
J
do
do
1,080,000
6 g
A D June 1 1930
J
do
do
d l , 689,000
6
do
do
3,258.000
41* g M & N N ov 11931
M A S Mch 1 1920
c274,000
do
do
6 g
J
A J Jan 1 1930
6 g
do
do
b4,993,000
A J Jan 1 1930
J
1,000,000
do
do
6 g
M & S Mch 1 1921
3,500,000
6 g
do
do
M & s Mch 1 1980
s3,000,000
3 g
do
do
M & N May 1 1937
f 1,749,000
5 g
do
do
M & N N ov 1 1931
5 g
g4 ,705,000
do
do
J
& J July 1 1940
4 g
c5 7 ,871,000
do
do
M A S Mch 1 1916
617,000
5 g
St Louis T r Co, St Louis
4,000,000
71 B roadw ay, New York
4 H g M A s Sept 1 1945
F & A Aug 1 1921
1,873,000
do
do
6 g
1,068,000
M & s Sept 1 1931
do
do
6 g
F A A Aug 1 1937
do
do
1,996,000
5 g
do
do
F A A Feb 1 1946
r l , 619,000
4 g
7,292,000
F A A Aug 1 1936
do
do
5 g
1,400.000
A J July 1 1945
do
do
4H g J
n5,882,500
July 1 1952
J P Morgan A Co, N Y
4 g
P
jO,704,000
J & J July 1 1987
71 B roadw ay, New York
4 g
do
do
999,000
J
A D Dec 1 1940
5 g
do
do
500,000
M A S Mch 12002
4 g
do
do
z20,245,000
M A N May 1 1955
4 g
2,500,000
A D Dec 1 1952
J
4 g
4
600,000
500,000
5 g
1,390,000
5 g
See text. 6 In 1912
owned by Co. Jt ly
0. s $2,000 z $4,115.
9— J
A J
A J
9— J
1912, Viz
000.
J
J
O ct 1 1912 1% Office, 13 W illiam St,N Y
No coupons ever paid
July 1 1946
New York Trust Co, N Y
Jan 1 1947
Oct 1 1912 1 H Office, Portland, Mo
.: b $7,000. d $20,000. c $5,000.
E A R N IN G S .— 12 m os., J1911-12____Gross, $1,279,469; net, $293,390
July 1 to June 30. \1910-11___ Gross,
1,214,092; net,
266,177
R eport for year ending June 30 1911 In V . 93, p. 405, 792. In 1911-12,
gross, $1,279,469: net Income, $263,452; charges. $230,143; bal., s u rp .,
$33,309. In 1910-11, gross, $1,214,693. Pres., Luclen J. Irwin.
V.
95, p. 1040.)
L O U I S V I L L E & J E F F E R S O N V I L L E B R I D G E C O .— One-half mile long;
approaches 1 mile; 40 acres In Louisville and about 60 acres In JclTersonvIlle.
Stock, $1,425,000; mtge. Is for $5,000,000; bonds for $500,000 are reserved
for future construction, A c.; the bonds are guaranteed join tly and severally
by the Chesapeake A Ohio and Cleveland Cincinnati Chicago A St. Louis, In
whose Interest the stock Is owned; any dellclt on account of the bridge Is
payable by them In the proportion of one-third and two-thirds respectively
— see V. 60, p. 130; V. 61, p. 327, 559; V. 62, p. 84.— (V. 89, p. 529.)
L O U I S V I L L E & N A S H V I L L E R R . — (See M a p .)— R O A D .— Operates
main line from Cincinnati, O .. to New Orleans, L a ., 921 miles; with branches
to St. Louis, M o., Memphis, T enn.. A c., 3,819 miles, making June 30 1912:
Reported separately—
M iles.
Lines owned absolutely or through
capital stock—
Miles. •Nashville Chatt. & St. L o u is .. 925
Louisville to Nashville_________ 181 •Georgia Railroad system _____ 571
182
Sundry other lines____________ 3,990 •Loulsv. H end. & St. L ou is—
•Chic. Ind. & L ouisville______ 616
Lines leased, A c.—
•South. & North. Alabam a R R . 193 •New Orl. Mobile A Chicago___ 547
Other lines_____________________ 156 Lexington & Eastern__________
96
Operated for other co m p a n ie s.. 222 Other lines_____________________
1
Owned but leased to other c o s ..
21
T otal system proper_________4,740
D o. Paducah A Mem. D lv ___ 248
■ ‘ See this com pany.
_ 1 1912.......... 7.948
T otal of all July
In N ov. 1911 acquired control join tly with the St. Louis & San Francisco
of the New Orleans Mobile A Chicago R R .See that com pany below.
In 1910-11 acquired practically all the securities of the Lexington & E ast
ern R y ., Lexington to Quicksand, K y ., 96m iles, and Is extending theroad
from Jackson, K y ., 97 miles. V . 91, p . 1447; V .9 2 , p. 1701: V. 9 5 ,p . 898.
In June 1911 the Court held Illegal the purchase of the Frankfort & Cin
cinnati R R ., Frankfort to Paris, K y ., 40 miles. V. 93, p. 45.
Control bu Atlantic Coast L ine.— Late In 1902 the A tlantic Coast Line R R .
acquired $30,600,000 of the $60,000,000 stock, but the roads arc operated
Independently. V. 74. p. 830, 1038; V. 75, p. 733, 1399.
S T O C K .— The stockholders voted O ct. 2 1012 to Increase the stock from
$60,000,COO to $72,000,000, the $12,000,000 new stock being offered to
stockholders of record N ov. 7 1912 pro rata at par, payable 20% on or beore Dec. 16 and 80'% by Feb. 10 1913 (V . 95, p . 968), to pay for Improve
ments and equipm ent. V . 95, p. 544, 968.
D IV S. f ’94-’98. ’99. ’00. ’01-’04. ’05-’07. 1908. ’09. ’ 10. ’ l l . 1912.
Since 18931 None 3 j j 4 5 y ’ly 6 y ’ly
5H
5H
7
7
7
Also In Feb. 1908 1% In Louisville Property Co. stock. V . 86, p . 229,421
B ON DS.— Ev. Hend. & Nash. 6s are drawn at 110 annually In amounts in
creasing each 5 yrs. until $150,000 per year Is reached; 1911, $110,000.
Pensacola Div. bonds are now called $20,000 yearly. V. 81, p. 265, 726.
The general mortgage bonds of 1880 are called at 110 In Increasing amounts
each year; $527,000 were paid June 1 1912. V. 94, p. 912.
In June 1890 the "un ified” mortgage (trustee. Central Trust Co.) for
$75,000,000 was authorised, $41,917,660 bonds being reserved to retire
all prior liens (none of the prior liens can be extended), the balance for
Improvements, extensions (at the rate of $32,000 per mile. Including equip
m ent), and for other purposes. The mortgage covers (besides 1,994 miles
of road and equipm ent), $26,473,606 stock of companies controlled and
$3,150,000 bonds free from any lien. See abstract of mortgage in V . 51,
p. 613; also V. 72, p. 1034, 1188; V. 77, p. 968. In July 1912 com pany
reported $63,627,000 outstanding, of which $5,739,000 In treasury and
$17,000 In sinking funds. V. 81, p. 1848; V. 86, p. 1344; V . 88, p. 295.
M obile & Montgomery— Louisville A Nashville joint mortgage Is for
$5,000,000; $1,000,000 reserved for improvem ents. V. 61, p 196, 750.
Kentucky Central mtge. abstract, V. 45, p. 372. South & North Alabama
Improvement 5s, due Aug. 1 1936, $1,920,000 authorized, are owned.
Louisville & Nashville Terminal 4s.— Jointly guaranteed, prln. and lnt.,
b y L. & N. and Nashv. Chatt. & St. L. See form , V. 88, p. 1313.
In 1902 the Louisville & Nashville and the Southern R y. acquired $9.
796,900 of the $10,500,000 Chic. Indianapolis & Loulsv. com m on and
$3,873,400 of the $5,000,000 pref. stock In exchange for their join t 50-year
4 % bonds. V. 74, p. 1138; V. 76, p. 593. Of the $15,500,000 Joint bonds
secured by deposit of this stock, $1,563,000 are reserved to acquire re
L O U I S I A N A W E S T E R N R R . — {See M ap oj Southern P a cific).— Owns
from Lafayette, La., to Sabine River, 105 miles; Abbeville to Mamou, 68 m .; maining "M onon” stock and $2,110,000 for Im pts.,& c., $500,000 yearly.
The Atlanta Knoxville & Cincinnati division 4s ($50,000,000 authorized)
Mallard Jet. to Lake Arthur, 34 m .; total, 207 miles. Extension from
Eunice to Mamou. La.. 1 1 m ., under construction In N ov 1910. Operated cover 830 miles. Of the bonds, an equal amount will be reserved to retire
Independently. Southern Pacific owns all the $3,360,000 stock. Dividend at maturity underlying bonds, viz.: K entucky Central 4s, $6,742,000:
on stock in 1905-06 and 1906-07, 10% yearly; In 1907-08, 8 5 % ; In 1908-09. Atlanta K noxv. & North, bonds, $1,500,000. The line from Livingston to
2 0 % : 1909-10, and 1910-11, 1 5% . In year 1910-11, gross. $2,134,769; net Jelllco, 61 miles. Is subject to prior lien of unified mtge. V . 80, p. 872; V.
84, p . 1428. V . 92, p. 1178, 1311, 1565.
Income, $429,485; surplus over charges, $437,693.— (V . 74, p. 268.)
FIN AN C ES.— In O ct. 1912 $12,000,000 stock was offered to stockholders
L O U I S V I L L E B R I D G E C O .— Owns bridge 5,294 feet long over Ohio
River at Louisville, K y ., and about 3 miles track In Louisville. Used by for subscription at par. V . 95, p. 544, 968. In A ug. 1912 divs. on N ashv.
P. C. C. & St. Louis R y ., Loulsv. & N ashv., &c. Surplus carnlpgs revert Chatt. & St. Louis stock ($7,177,600 owned) were Increased to 7 % .
In 1911 $10,000,000 Atlanta K n oxv. A Cincinnati division 4s were sold
to roads using bridge.
STOCK Is $1,500,000: Penn. Co. owned Jan. 1 1912, $900,300. DIvs. Bonded debt per mile May 1911, $31,553; stock, $12,373. V. 92, p. 1565.
E A R N IN G S.— 2 m os., /1 9 1 2 ........... .G ross, $9,394,129; net, $2,495,009
since 1902; 1903, 13% (V. 79. p. 2747; V 78, p. 102); 1 90 4 ,4 % ; 1 9 0 5 .6 % ;
July 1 to A ug. 31.
\ 1 9 ll............Gross, 8,879,831; net, 2,670,775
1906, 7 % ; 1907. 8 % ; 1908, 16% ; 1909 to 1912, 8 % . For cal. year 1911,
gross, $243,176; net, $110,651; other Inc., $1,351; charges, $25,000; divs.
R E P O R T .— Report for 1911-12 In V . 95, p. 886, 895; see also p. 862.
(8 % ), $120,000; bal., d ef., $32,998.— (V . 86, p. 285.)
Year ending June 30—
1912.
1911.
1910.
Average mileage......................................
4,710
4,598
4,554
L O U I S V I L L E H E N D E R S O N & S T . L O U IS R Y . — R O A D .— Louisville
Freight earnings..................................$ 4 0 ,6 0 1 ,2 8 8 $39,066,034 $38,421,779
to Henderson, K y ., 144 miles (Including 6 miles trackage): Irvington to
Fordsvtlle, K y ., 44 miles; L. A N. trackage. Henderson, K y ., to Evans
Passenger earnings.................................. 12,227,934 11,641,309 10,796,998
ville. Ind., 12 miles; total, 200 miles. Loulsv. & Nashv. In 1904-05 ac Mall, express, A c . . . .........................
3,382,566
3,286,398
3,214,605
quired $776,081 of the $2,000,000 5% non-cum . pref. and $1,631,385 of the
Gross earnings.......................................$56,211,788 $53,993,741 $52,433,382
$2,000,000 common stock (par $100). V. 81, p. 1100.
Preferred Stockholders' Protective Committee.— In Jan. 1912 a protective
Operating expenses................................... 39.626,327 38,479,823 34,985.579
com m ittee (Otto Marx. Chairman): Harry Hoffm an. 37 W all S t., S ec.;
Bankers Trust C o., N Y ., depository), requested deposits. V. 94, p. 207.
Net earnings......................................... $16,585,461 $15,513,918 $17,447,803
L O U I S I A N A & A R K A N S A S R Y — Owns from H ope. A rk ., to Tioga.
L a., 188.02 miles; extension from Packton to Jena, 29.64 miles; trackage,
Tioga to Alexandria, L a., 8.18 miles; Tioga to Plnevllle, L a., 6.02 m .; gives
second entrance to Alexandria; branch Mlnden to Shreveport, 27.16 m .;
trackage near Shreveport, L a., 2.01 m .: total, 255 m . Extension from Jena
to Natchez, 47 miles, to be com pleted Jan. 1 1913. V . 93, p. 1726.
R ock Island Co. uses 36 miles, Packton, L a ., to Plnevllle, L a ., under track
age contract, and St. Louis Southwestern passenger trains the Shreveport
terminals under a 25-year lease. V . 93, p. 527.
S TO C K .— Of the $5,000,000 out, $4,995,000 Is deposited with Standard
Trust Co. of N . Y .; voting trustees, 10 years, William Buchanan, Edward E .
Porter, BenJ. F . Y oakum , H arvey E . Fisk and Charles L . P ack.
D IV ID E N D .— 1906 to 1909, 3 % yearly; 1910 and 1911, 2
yearly.
B O N D S.— The unissued first 5s (total limited to $7,000,000) arc reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and R ed rivers, and the balance limited to $20,000
per mile of com pleted railroad. The entire amount outstanding, but no
part. Is subject to redemption at 110 and Interest on any Interest date.
Beginning with Sept. 1907 a sinking fund o f $55,000 per annum to buy
bonds. If possible, at 110 and Interest or under: otherwise, to be Invested.
E A R N IN G S .— For 2 m os. ending A u g. 31;
2 M o s.—
Gross.
N et.
Other In c.
Charges.
13al.,Sur.
1 9 1 2 .............. $284,051
$97,374
$7,025
$55,005
$49,394
40,082
6,756
44,483
2,355
1911 .............. 206,147
R E P O R T .— For year ending June 30 1911 in V . 93, p. 726.
Year—
Gross.
Net.
Oth.Inc. Chqs.,&c. Dividends.
Balance.
1 91 1 -1 2 .-$ 1 ,4 9 5 ,111 $487,440 $87,314 $357,145 (U 0 $ 6 2 ,5 0 0 $155,108
1 910-11-. 1,432,638 486,741 105,938 325,357 (2 ^ )1 1 8 .7 5 0 148,576
Pres., W m . Buchanan, Texarkana, A rk .— (V . 93, p. 1726; V .9 5 ,p .l0 4 0 .)
L O U I S I A N A & N O R T H W E S T R R .— Owns Magnolia. A rk., to Natchi
toches, L a., 114.9 miles; trackage. Magnolia to McNeil, 6.4 miles.
Stock out. $2,300,000; par, $100. Of 1st 5s of 1905 ($10,000,000 auth.
Issue), $150,000 Is reserved to retire the old bonds and $70,000 for Im
provem ents, equipment, A c. V. 82, p. 628; V . 85, p. 1462. Stockholders
on Oct. 25 1911 authorized the Issuance of $1,860,000 3-year 5 % collateral
notes secured b y $3,100,000 1st M. bonds and an extension of the road.
V . 93, p. 731. For year ending June 30 1912. gross, $284,460; net, $38,702.
In 1910-11, gross, $292,822; net, $57,836; other Income, $1,850; lnt., taxes,
A c., $168,936; bal., d ef., $109,250. Pres, and Treas., Geo. W . Hunter,
S t. Louis; S ec., John A . Richardson, H om er, L a.— (V . 93, p. 1462.)
L O U I S I A N A R Y . & N A V I G A T I O N C O . — Owns New Orleans to Shreve
port, La.. 305.6 m .; Colfax to W infield, 28 m .; Plnevllle to Eras, 8J4 m .;
Meneelys to end of track, 2.84 m . Stock auth., $12,000,000; outstanding
June 30 1912, $8,131,000; par, $100. First M. bonds (see table above) are
limited to $17,500,000 total Issue and $23,000 per mile; $300,000 has also
been Issued for a bridge over the R ed R iver at Alexandria; $4,000,000 w.as
reserved for New Orleans terminals, of which $2,414,000 Issued to Sept.
1912. See V . 77, p. 36, 769. Decision, V . 95. p. 544. Car trusts out
standing, June 30 1912, $294,603; loans> nd bills payable. $193,544.
E A R N IN G S .— 2 m os.,J1912.................... Gross, $315,769; net, $104,961
88,914
July 1 to A ug. 31. 11911___________ Gross, 292,807; net,
For year ending June 30 1912, gross, $1,783,970; net, $463,202; other
Income, $78,604; charges, $694,716; bal.. d ef.. $152,911.
„
Pres., W m . Edenborn, Hibernia Bldg., New Orleans: 1st V .-P ., C. B.
R ogers; Treas., H . B . Helm: See., J. J . TIppin.— (V...95, p . 544.)
L O U I S I A N A S O U T H E R N R Y . — Owns New Orleans, L a ., to Polntc-a-la
H ache. L a., 45 miles, Incl. extension from Belalr to Bohem ia, 22 m .
opened June 1912; P oyd rasto Shell B each, 16 m .; total, 67 miles. Steam
for freight and gasoline m otor cars for passenger service. Leased to St.
Louis A San Francisco from F eb. 1 1911 to Feb. 1 1923 for account of owners
under division of net earnings, with no obligation whatever b y the St. L.
6 S . F . A reorganization In 1897. In Jan. 1901 the United Railway A
Trading Co. of England acquired over 95% of the stock and bonds, that
com pany also owning the Kenilworth Sugar Estates, 10,000 acres. V . 76,
p. 706. S tock, $300,000: par, $100. Dividends In 1900-01. 7 % ; 1901-02,
7 43%; 1905-06, 4 H % . Year ending June 30 1912, gross, $114,506; net,
$28,291; taxes, $7,665. In 1910-11, gross, $106,589; net, $25,835; Interest,
and taxes, $25,361: bal., sur., $473. Pres., E. A . H opkins, New York;
S ec., S. Gibbs, London, E ng. O ffice, New Orleans, L a.— (V . 95. p. 618.)
16
R A IL W A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page. ]
A!aine Cent (Concl)— Cons ref M §25,000,000 g ..c * & r *
Collateral trust bonds for Mt Desert B ra n ch ._A B .c
Im p t bonds “ A ” & " B ” not m tg s f . . ’ _____________
Maine Central Eur & No Am refunding mtge gold .
Notes §2,000,000 (V 88, p 0 80 )............................... ..
Coupon debenture notes____________________________
X First M Penobscot Shore Line R R Co a ssu m ed ..
x K & L 2d M (for §400,000) assum ed_________BB
European & Nor Am stk 5 % rental 999 years____
Portland & Ogdensburg stock (2% rental 999 yrs) . .
1st M guar prln & int endorsement (V 80, p 1285)
Dexter & Piscataquis stock 5 % rental 999 y e a r s ..
First mtge Dexter to Dover &c guar by end ..B B
H ereford R y stock (rental 999 years)_____________
First mortgage guar prln and Int (endorsed)____
Upper Coos R R stock 0 % rental 999 years.-_______
First mtge guar prln and Int (endorsed)_________
Extension M §21,000 p m guar prln & Int (e n d )..
Dexter & Newport stock 5 % _______________________
First M (old 0s refunded In 1897) guar p&l end c*
East Maine stk 4 H % rental 999 years_____________
x W ashington County 1st M per mile g gu rcd.C e.c*
x Somerset R y first m ortgage_____________________c
x Consolidated mortgage §420,000 gold -------------x First and refunding mtge §1,500,000 gold__A B
Sandy R lv & R L 1st M red par begin 1913Portland Union Station series " A ” & “ B ” (te x t).s f
Portland Term Station new M §10,000,000 gu (text)
Portland & Rum ford Falls R R — See that com pany
Alanchestcr & Lawrence— Stk l0 % rent till ’37 I) & M
Real estate bonds (not mtge) Int guar by B & M ._ c
Alanhattan (Elevated) R y, N Y— Stock §0 0,0 00 ,0 0 0 ..
N Y Elev debentures secured by cons mtge of 1890
Manhattan Elev cons (now 1st) mtge g oId ..C e,c*& r
Atanila RR— 1st M Sou Lines g Int gu s f red 110Fc*&r*
1st M on “ Nor Lines” (2d on Sou) $7,500,000 au.C e
2d M on "N or Lines” (3d on Sou) §12,500,000 a u ..N
Alanistique & Lake Sup— Inc M 4 % n-c §1,300,000 au
Atanist & N E— 1st M g due part y ’ ly red tex t.-C C .c*
nn •:
trt~ '
________________________________
M iles Date
Road Ronds
1911 §l,0 0 0& c
1883
1,000
’80-’87
1,000
1,000
56 1893
1909 1,000 &c
1912 1,000 &c
1,000
48 1890
1,000
48 1891
100
120
109
100
109 1908
1,000
17
100
17 1889
1,000
100
53
1,000
53 1890
55
100
22 1890
500 &c
33 1890
500 &c
14
100
14 1897
1,000
19
100
139 1904
1,000
42 1887
500 &c
42 1900
500 &c
94 1905
1,000
1,000
93 1908
’87-’89
1,000
41
22
37
32
37
68
105
1892
1886
1890
1909
1907
1907
1909
1909
1.000
1,000
A1AINE C E N T R A L R R . — Line of road, Portland to V anceboro, Me., via
Augusta
m ; branches, Cumberland Jet. to Skowhegan, via Lewiston.
01 m • Bath to Lewiston and Farmington, 70 m .; Oakland to Kineo Sta.,
01 m ”- Portland and Rum ford Falls System, 102 m .; Bath to Rockland,
i ’p rrv (o no m ). 48 m .; Belfast, Mainstream, F oxcroft, Bucksport and
Mt Desert incl ferry (7.7 m .), 148 m .; Washington County, 136 m .; Port
land to St Johnsbury. V t., 132 m .; Quebec Jet., N. H „ to Lime Ridge
P O
108 m ’ other, 0 m .; total, 1,189 m ., of which 042 owned, 484 oper.
ate 11 Vi rider 999-vr. leases and practically owned, 33 m . under 50-yr. lease,
W tmrler 1-vr lease and 8 miles ferry lines.
Somerset R v Washington County R y . and Sebastlcook & Moosehead R R .
were merged ln Co. July l 1911. V . 92, p. 725, 1565; V .9 3 , p . 45.
In A ug 1911 purchased entire stock of Sandy River & Rangeley Lakes
nn
a s ift gauge road extending from Farmington to Rangeley, Me..
47 miles and Strong to Bigelow, M e., 31 miles, with branches, a total of
101 82 miles
V 93, p. 408, 589, 940; V . 94. p. 098. Leases from Jan. 1
1012 part of S t . Johnsbury & Lake Champlain R R ., Lunenburg, V t., to
St Johnsbury 23 miles, with 5-mlle branch. V . 94, p. 68. In July 1912
acauircd practically entire stock of Brldgton & Saco River R R ., a 2 -ft.
gauge road Harrison to Brldgton Jet., Me., 21 miles. V. 95. p . 170.
Rangeley Lakes & Megantlc R R . Incorporated to build from Oquossoc,
M e., to Canadian b ord er,30 n i.,h a d 11 m .under construction In Sept. 1912.
S T O C K __Stock outstanding was §9,979,000, o f which §5,040,000 was
owned by Boston & Maine, which in March 1911 received authority to pur
chase remainder. V . 92, p. 1108. This Includes §5,004,300 subscribed by
stockholders at par In Installments to Mch. 1 19)2. V. 93, p. 104. Stock
holders voted May 24 1912 to Increase the authorized stock from 512,000.000
t o §15 000,000, §5,000,000 new stock being offered to stockholders at par,
payable either (a) §25 O ct. 1 1912, §25 Jan. 1 1913 and §50 Mch 1 1913; or
(b) In full on O ct. 1, or(c)§25 O ct. 1 anil 575 Jan. 1 1913. V .9 4 , p. 1384,1626.
. D IV ID E N D S .—
) ’84-’02. ’03. ’04-’06. ’07, ’08-’ 10. ’ l l . ’ 12
.(S in ce 1883) __________% / 0 y ’ly . 6>i 7 y ’ ly. 7 K .
8 y ’ly. 7 H 0
B O N D S __There are also §81,000 Maine Shore Line 6s assumed, due 1923,
also S67 500 Belfast & Moosehead Lake mtge. bonds, due 1920, not guar
anteed interest and sinking fund paid out of rental; A nd. & Ken. stock
bonds ’ §11 000 exchangeable for M. C. stk. Jointly with B. & M. guaran
tees §300 000 Portland Union R y . Station (now Portland Terminal) le n d s
1 T h estock h old ers o n O c t 18 1911 authorized the guaranty, join tly with
BoTton & Malnc o i prim and Int.on a new Issue of Portland Terminal Co.
bonds not to exceed §10,000,000. V. ^ ' 9 ; ^40, 1100.
•rrhf»
^O-ve&r refunding m tge. bonds of l'J ll ($Jo,uuu,UvJU autti.
Issue- Union Safe d ep osit & Trust Co. of Portland, trustee) are to bear not
exceeding 5 % f n l Compare V. 93. p. 340, 105, 720. The mortgage covers
afl present railroad and equipment of the com pany and Its merged ines but
not leasehold interests. None of the consols had been sold in June 1912.
<110 non non 1- vt
notes due Mcti. 15 101«3» were sold to provide for $b,500 000 not’e ^due A pr 1912 and §8,984.000 consols. V. 94, p. 500. 912.
Purposes for which the §25,000.000 Consols Were or A re Reserved.
Reserved to refund §5,542,500 branch line obligations, incl. those
marked " x ” In table above, and §81,000 Maine Shore Line R R .
0 s due June 1 1923 (§669,000 additional of .t h c la t t c r b e in g
pledged to secure Maine Central coll, trust bonds due June ~3) .§5,543,000
Reserved to retire 5-yr. coupon notes due Apr. 1 1914.................... 2.UUU.UU9
Remainder, Issuable for any lawful purpose......................................ir .s o /.u u u
E A R N IN G S.— 2 mos., 11912....................Gross, $2,030,500; net, §612,978
July 1 to A ug. 31. \1911-----------------Gross, 1,884,807, net, 57o,303
A N N U A L R E P O R T .— R eport for 1910-11 was in V . 93, p. 726.
1912.
1911. I Year ending
1912.
1911.
Year ending
§
§
I June 30—
$
____§
June 30—
G rossTearns..10,043,051 9.948,208 Dividends
(6} 441.897 (8)398,152
Net in co m e .. 2,582,797 2,684,920| H h e o f eq u ip .
41,772
29.924
13,440
In t e r e s t _____
931,580 1,150,076 Sinking fund.
906,7211Interest and
R e n t s .................1,012.949
3,107
| discount . .
Leased line lm159,1591
L. pts.(rentals)
52,982
n7,
§26,84S
5,. Balance, surplus— ..............c - , ; . ; , W r 'k s_ ^ _iV v 1
f Preso^Chas^iL M e n c n I (V . 9 4 ,"pi 1449, 1020; V . 95. p . i l l . 170. 080.)
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
See text See text J & j July 1 1901
J
& D June 1 1923
§669,000
5
J
& J July 1910-17
450,000
4H
J
& J Jan 1 1933
4 g
1,000,000
4
2,000,000
•Q— J April l 1914
M & S 15 Mch 15 1913
4
12,000,000
F & A Aug 1 1920
1,300,000
4
F & A Feb 1 1921
400,000
5
A & O Oct 15 1912 2 Vi
2,494,100
5
2
4,392,538
Q-—F 28 Aug 31 '12 K %
M & N N ov 1 1928
4H
2,119,000
J & J July 1912 2 J$%
5
122,000
J
& J July 1 1929
175,000
4
M & N N ov 1912 2%
4
800,000
M & N May 1 1930
4
800,000
M & N N ov 1912 3%
350,000
6
M & N May 1 1930
350,000
4
M & N May 1 1930
093,000
4H
J
122,000
& J July 1912 2 M %
5
175,000
4
M & S Sept 11917
M & N N ov 1912 2 M %
200,000
4H
2.500,000
3 X g .1 .V, J Jan 1 1954
.1 & ,T July l 1917
225,000
5
.1 Sc J July 1 1950
172,500
4 g
.1 & J July 1 1955
804,000
4 g
F & A F’cb 1 1928
837,000
4
J
& J July 27-Jan 29
300,000
4
N Y Boston and Portland
American Trust, Boston
N Y , Boston & Portland
do
do
do
do
N Y , Boston & Portland
N Y , Boston & Portland
do
do
Treas office, Bangor, Me
Maine Cent Off, Portland
N Y , Boston & Portland
Office, D over, Me
Bos Safe Dep & Tr Co
Treas office, Portland
N Y , Boston & Portland
Office, Portland, Me
N Y , Boston & Portland
do
do
Treasurer’s office, P ’tl’d
N Y , Boston & Portland
Office, R ockland, Me
N Y , Boston & Portland
Nat Shaw Bank, Boston
do
do
Amcr Trust Co, Boston
Gardlner.M e,&lstNB,Bos
Fidelity Tr Co, Portland
10
M & N N ov 1 1912 5%
& ,) Jan 1 1922
4
J
7
Q— 1 Oct 1 1912 1 H
M Sc S Mch 1 1910
5
A & () Apr 1 1990
4 g
M & N May l 1939
4 g
Jan 1 1950
6
Apr 1 1956
7
& J Aug 11934
1,100,000 Up to 4 J
J
& J Jan 1913-1939
1,412,000
5 g
Manchester and Boston
Bost & Me R R , Boston
21 Park R ow , New York
Bankers Trust Co, N Y
do
do
N Y , London, &c
1,000,000
100
1,000
274,000
100 00,000,000
1,000
1,000,000
1,000 &c 39,777,000
1,000 &c
5,511,000
1912.
1911.
1910.
N et, Including Investments, & c------- §19,014,2351!§17,534,000 §19,302,398
r r ,TK
l,8o4,684
1.93S.089
1,602,032
6,505,138
6,490,311
In terestand rent" I ............................... 6,709,149
A dvances to S & N. A .. & c................ t 639,581
302,236
523,959
Slnkfng fund p a y m en ts.........................
250,049
233,204
200.240
D iv id e n d s - - - - - - .....................................(7)4.200,000 (7) 4 ,200,000 (7)4,200,000
Surplus over dividends______________ §5,300,772 §4,355,333 §6,2i3,256
O F F IC E R S .— Chairman, Henry W alters, N. Y .; Pres., M. H . Smith,
Louisville; 1st V .-P .. W . L. M apother; 2d V .-P ., W m . J. Dickinson, 71
B ’ way, N . Y .— (V . 95. p. I l l , 420. 544, 886. 891. 895, 968.)
L Y K E N S V A L L E Y R R . & C O A L C O .— Owns from Mlllcrsburg, P a., to
W llllam stown, Pa., 20 miles. New lease to Northern Central for 99 years
from July 1 1910 provides for annual rental of §24,000 (equal to 4 % on
stock) organization expenses and taxes. V . 92, p. 527. Dividends paid In
1910, 7 K % : 1911, 4 % ; 1912, 4 % .
A1ACON & BIRAHNOHAAl R Y .— Owns Sofkce Jet. to La Grange, G a..
qfi 87 miles- trackage, Sofkce to Macon, Ga., 8.13 miles. In 1908 a receiver
was annolntcd; now John B . Munson. V . 86, p . 337. In year 1911-12,
ctoss §105.172; net, §38,543.
In 1910-11, gross. §154,995; net, §18,360;
hit taxes and rentals, §60,821; bal., d ef., §42,401; total profit and loss,
d e f.’, §058.008.— (V . 86. p. 337; V . 91, p . 945.)
A1ACON D U B L I N & S A V A N N A H R R . — Owns road from Macon to
Vldalla Ga 93 miles. Stock, §3,200,000 auth.; outstanding, §2,040,000
(nar S100)
Seaboard Air Line R y . guarantees bonds, prln. and Interest.
V 89 P 43
V . 84. p. 102, 450. For year ending June 30 1912, gross,
S530 464- net. §30,999; other incom e, §574; Int., rentals, & c., §39,585.
Pres., James A . Blair Jr., N . Y .; Sec. & Treas., A . S. H ale.— (V . 92, p. 390.)
Amount
Outstanding
Par
Value
[V O L . L X X X X V .
Detroit
N Y & Grand Rapids
M A N C H E S T E R & L A W R E N C E R R .— Owns from Manchester. N. I I., to
Methuen (State L ine), 22 U. miles. Leased for 50 years from Sept. 1 1887 to
Boston & Maine at rental paying 10% dlv. In A pr. ’ l l B. & M. received
authority to purchase stock. V. 92, p. 1108. In 1895 a d lv. of 50% paid
from proceeds of C. & M. suit.— (V . 73. p. 1264.)
A 1 A N H A T T A N R Y . ( E L E V A T E D ) .— Owns all the elevated railroads In
boroughs of Manhattan and the Bronx, N. Y . City, main line and branches,
37 H miles, double-tracked, with 4214 miles additional third track, sidings,
&c.; total track, 118 miles; 3d rail electric.
L E A S E .— The Interborough Rapid Transit Co. leases the road for 999
years from N ov. 1 1875, guaranteeing 7 % per annum on the stock. V . 75,
p. 1202, 1302; V. 70, p. 212; V. 79, p. 2456; also Interborough R apid Tran
sit C o., V . 76, p. 101. Guaranty, V. 70. p. 480.
B ON DS.— Consols beyond §40,000,000 m ay be Issued for extensions a 1
§300,000 per mile of single and §000,000 per mile of double track. Of the
bonds, §11,712,000 are tax-exem pt. (See abstract of mtge. In V . 51,
p. 248, and com pare V. 87, p. 285.)
T o 1898 claims aggregating §8,847,854 had been paid as damages to
abutting property. In 1907-09 paid franchise tax 1900 to ’08 (§4,870,545).
D IV ID E N D S .— 1 ’89 ’90-’90. ’97. ’98. ’ 99. ’00. ’01. ’02. ’03. Since.
4
4 7M 7 y ’ly.
4
4
Since 1 88 8 ______ % / 5 H C y ’ly. 4 ^ 4
R E P O R T .— For year ending June 30;
1911-12.
1910-11.
1909-10.
Year ending June 30—
Gross operating revenue_________ ...§ 1 5 ,5 5 2 ,4 8 4 §15,414,146 §15,055,142
7,400,922 7,318,104
7,273,307
N et, after taxes__________________ . . .
7,458,092 7,337,494
7,298,942
Gross Incom e____________________ . . .
1,057,056
1,057,050
1,057,754
Interest and rental received_____
4.200,000 4,200,000
4,200.000
Dividends ( 7 % )-------- ------------------ . . .
Balance, surplus__________________ §1,001.036
§1,479,838 §1,441,188
— (V. 89, p. 42, 1280; V. 91. p. 94; V. 93. p. 280: V . 94, p. 279.)
M A N I L A R R . — (Gauge, 3 f t . 0 in .)— This com pany, organized In New Jer
sey In 1906, has taken over and Is operating the only steam road on the
Island of Luzon, Philippine Islands, 208 miles (V . 88, p . 1313; V . 91, p. 215;
V . 83, p. 1348). The Speycrs are Interested.
Total lines authorized, 820 miles, viz.: (1) “ Northern L ines,” to comprise
about 350 miles north of Manila; (2) the "Southern Lines,” 470 miles, all
but about 20 miles to the south of Manila, and a Port Line In Manila con
necting with the Government wharves and warehouses. In operation June
1912 296.5 miles of Northern Lines and 150 miles of Southern Lines. The
two systems (and their accounts) are required to be kept distinct, as If owned
by separate com panies, but under the same management.
Of the stock, §3,052,800 7% cum . pref. and §2,130,700 com m on, all but
directors’ shares are held by the Manila R y . (1900), L td. (see below.)
B ON DS.— The Manila R R . (Southern Lines) 1st gold 4s of 1909, guar
anteed as to Interest by the Philippine Government under A ct of U. S. Con
gress, are limited to §30,000,000, of which §5,511,000 were sold. They are
Issuable up to the cost of road and equipment constructed or acquired prior
to the supplementary grant of 1909 and to 95% of cost subsequent thereto.
The bonds are redeemable as a whole at any time at 110 or by lot for a sink
ing fund of y2 of 1% yearly from May 1 1919 to Apr. 30 1928, and 1% yearly
thereafter. V. 91, p. 215, 276, 717; V. 91, p. 1711; V . 93, p. 45.
All the outstanding bonds on the Northern Lines (see table a b o v e ), namely
§4,330,000 1st M. 6 % bonds and §7.710,000 2d M. 7 % bonds as well as all
the stock heretofore Issued by the Manila R R . Co. (excepting shares to
qualify directors), are owned by the Manila R y. Co. (1900), Ltd. (an Eng
lish co. whose auth. capital Is £2.000,000 lnJ5% non-cum . preference shares,
all out, and £2,000,000 In ordinary shares, of which £399,340 Is out),
are subject to the prior lien of said " A ” debentures for ■6},;880;p00 4 % “ U”
debenture bonds, due April 15 1956, total auth. Issue £2,000,000 (which
may be Increased by £250,000). V. 87, p. 100; V . 88, p. 11J7; V. JO, p. 303.
D IR E C T O R S AN D O F F IC E R S .— Horace L. IHgglns (Pres, and Gen.
M gr.), Manila; J. G. Metcalfe (V .-P .). David D. Davis (2d V .-P .), A lex.
Amend, I). 1». Bennett, Chas. A . Conant, Richard Schuster, W ade Gard’ner
J. S. Ulman, J. G. MUburn, New York; Frank McIntyre and I-ellx Frank
furter, Bureau of Insular Affairs, W ashington, D . C.; E. M. Ileberd, New
York, Is Sec. and T reas., and Harding W . Dunnctt, Manila, A sst. See.
N . Y . office, 45 Nassau S t.— (V . 93, p. 45.)
A 1A N IS T E E & G R A N D R A P I D S R R .— M a n is te e to M a r io n , M ic h .. 7 3 m .;
Filer City to Sands, 2 m. Stock auth., §1,000,000, ou t., §450,000; par of
shares, §100. Bonds outstanding last accounts, §205,000. For year end
ing June 30 1911, gross, §81.798; net, §380; Int., taxes, &c., §29.858; bal.,
d ef., §29,472. Pres., H. W . Seaman; Treas., B. C. Simmons. Office,
Manistee, Mich.— (V . 90, p. 1296.)
AlANISTEE & NORTHEASTERN R R .— Owns from Manistee, M ich., to
Traverse City, 71 m .; Solon to P rovem ont, 15 m .; Platte River to Empire,
29 m .; other, 08 m .; sidings and spurs, 50 m .; leased, 1 m .; operated under
contract, 0 m .; total, 240 miles. Stock, §2,000,000.
Of the bonds (§1,500,000). §40,000 mature Jan. 1 yearly from 1912 to
1938. Sinking fund of 50% of surplus Income, beginning July 1 1910, Is
to be used to call bonds b y lot at 102 H and Interest until §1,000,000 have
been canceled. V . 88, p . 375. 823; V. 90. p. 1303. Report for cal. year
1911, In V. 95, p .3 9 ,showed, gross, §582,807; net, §130,487; charges, §90,
062; retirement of bonds, §40,000: bal., sur., §5,825. Pres., E dw . B uckIcy, M anatee, Mich.— (V . 90, P- 1363; V . 94, I). 1384; V , 95, p . 39.
A IA N 1 S T IQ U E & L A K E S U P E R I O R R R .— Manlstlquo, M ich., on L ak e
Michigan, northerly to Evelyn, 42 m .; branch to Doyles, 15 m .; V. 81, p.
975: V. 87, p. 97; V. 89, p. 470. The Ann A rbor R R . In A pr. 1911 ac
quired the entire §250,000 stock. V . 92. p. 1109. Bonds auth., §1,300,
Oct., 1912.1
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
9
Alanitou & Pike’ s Peak R y— 1st M $500,000 g — F.c*
Manitoulin & North Shore— See Algom a Eastern R y__
44
Marietta Columbus & Clcv— First M $250,000 gold.C K
71
Md Del & Va— Lst M $2,000,000 auth gold guar p & 1_
Marshall & Cast Texas— lst M gold red text
SSt.c*
40
Alaryland & Pennsylvania— York & Peach B ottom M
80
First mortgage $1,200,000 gold call at 105-A\cBa.c*
80
Incom e mortgage $900,000 4 % cum call p a r .. MeBa
Maryland & Pa 1'er lst M $200,000 g gu p & l red 110
378
Mason City & Ft Dodge— lst M $12,000,000 g .C e.c& r
37
M assawippi— Stock guar same dlv as Conn & Pass—
McCloud River— First mortgage $1.200,000..................
22
Aleadville Conneaut Lake & Lincsvillc— First m t g e .. .
Memphis Dallas & Gulf— First mtge $0,260,000 gold .
Mem Paris & Gulf— lst M gold red 103 begin 191 9 -Memphis Union Station— Coll notes gold g u a r ..B a ,c*
Meridian Terminal— First mtge $250,000 g g u .(]c * & r
Mexican Central— Mexican International— See Nation al Rail
Mexican Mineral— 1st M $500,000 g red 110 s f -------- G
16
Mexican Northern— S tock, $3,000,000----------------------First M U S gold, red 105, s f -------------------------G c* &r
83
Mexican Ry Limited— Ordinary share capital s t o c k ..
First preference stock 8 % _________________________
Second preference stock 0 % _______________________
Perpetual 6 % debenture stock _____________________
375
2d debens £1,000,000 auth red par since 1912 s f . .
Mexican Southern Ry— Ordinary stock, £ 1 ,0 0 0 ,0 0 0 ..
lst M 4 % deb stock £1,000,000 red at par 90 yrs___
Mexico North W estern— lst M gold red t e x t................
Conv Income bds £1.000.000 6 % cum red par s f . c
--Equipm ent gold bonds £480,000--------------------------Michigan Central— S to c k .. . . — - - --------------------------270
115
171
do
171
do
84
39
Mich Cent lst M on Jack Lans & Saginaw g old .c*
35(1
M C lst M on Joliet & Nor Indiana $3,000,000 g
45
a Exclusive of $21,000 held by sinking fund, b
4,000
Par
Value
1908
$1,000
1890
1905
1911
1882
1901
1901
1900
1905
1 000
1,000
1,000
50 Ac
1,000
1,000
1,000
1,000
100
1,000
1,000
1907
1891
1910
’08-’09
1911
1905
ways o
1899
1890
1909
IRQfi
1909
1912
1902
1890
1881
1881
1909
1889
1901
1907
additlo
Amount
Outstanding
Rate
%
$500,000
5 g
When
Payable
A
&
Last Dividend
and Maturity
O Oct 1 1928
250,000
5 g
M & N N ov 1 1940
2,000,000
F & A Feb 1 1955
5 g
1,154,000
1 & J Jan 1 1931
5 g
202,450
M & S A pr 1 1932
5
897,000
.\1 & S Mch 1 1951
4 g
900,000 4 In 1912 A & O A pr 11951
200,000
M & N May 1 1936
5 g
12,000,000
& D June 1 1955
J
4 g
800,000
F & A Aug 1 1912, 3%
6
1,200,000
A & O Apr 11037
5
200,000
J
& J July 1 1921
5
1940
NoneMay’ 12
5 g
& j Jan 1 1928-29
J
1,000
645.000
6 g
M & N N ov 11913
1,000
2,100,000
5
M & N May 1 1955
250,000
4 g
1,000 &c
f M exico
F & A Aug 1 1919
b331,000
6 g
100
3,000,000 4 In 1911 M & N May 1 1912 2%
1,000
J & D See text
a708,000
6 g
£10 £2,254,720 2 % In ’ 12 A & () O c t2 S ’ 1 2 ,15-16
£10 £2,554,100 8 in 1912 A & O Oct 28 ’ 12, 4%
£10 £1.011,960 6 in 1912 A & O Oct 28 ’ 12, 3%
£10 £2,000,000
& J Perpetual
J
6
£100
£491,000
A & o Dec 1960
4)4
£1 000 000
K & A Aug 1 '12. 2 %
4
£Kfiflt170
A Up 1 10121 2%
F (V
£100 £5,000.000
M & s Mch 1 1959' '
5 g
£20 &c
£750,000 Up to 6 M & S15
(?)
$100 C$18738000 6 In 1912 J fc ,T July29 1912 3%
1,000 &c 14,000,000
3 H g M & N May 1 1952
1,000 &c
J
& J Jan 1 1940
2,000,000
4
1,000 1 4,000,000 /
M & S Mch 11931
5
1,000 &c ;
C— M Mch 11931
i
5
M & S Sept 1 1959
1,500,000
4 g
1,000 &c
700,000
5
M & N N ov 11939
1,000
1,723.000
3 M g M & S Sept 1 1951
1,500,000
J & J 10 July 10 1957
4 g
nal In sin king fund.
000 25-yr. 4% non-cum . Incomes, dated Aug. 1 1909, Int. payable yearly If
earned: outstanding, $1,100,000. For year ending June 30 1912, gross,
$110,903: net, $39,851; other Income, $1,931; int., taxes, A c., $38,820; bal.,
sur., $2,900. V . 92, p. 1109.)
M A N I T O U & P I K E ’ S P E A K R Y . — Manltou, C ol., to sum mit of Pike’s
Peak, 8.9 miles: standard gauge. Operated from April to Novem ber yrly.
Stock, $500,000; par of shares, $100. In Oct. 1909 $500,000 20-year 5s
were Issued to replace old maturing bonds. For year ending June 30 1912,
gross, $102,728; net, $21,533; other Income, $5,253; Int. and taxes, $29,982;
bal., d ef., $3,196. Pres., C. W . Sells, Manltou, Colo.— (V . 89, p. 847.)
M A R I E T T A C O L U M B U S & C L E V E L A N D R R .— Owns M oore’s Jet. to
Palos. O ., 41.09 miles; branches and spurs, 4.18 m .; trackage. Marietta to
Moore's Jet., 3.2 m .; total, 48.47 miles. R eceiver discharged Sept. 1909,
com pany resuming possession.
V. 89, p. 593, 1542.
Stock $250,
000. Bonds, see table. For year ending June 30 1911, gross, $75,050;
oper. d ef., $27,777; Int.. taxes, & c.. $21,198.
M A R S H A L L & E A S T T E X A S R Y — Owns from Elyslan Fields, 18 miles
south of Marshall, T ex., on Tex. & Pac., to W Innsboro, on M . K . & r . 91 m .;
2 branches, 4 miles. Incorporated In Texas.
__
Stockholders voted May 15 1909 to Increase the stock from $75,000 to not
exceeding $250,000. and authorized an extension south to Newton, 125 m .,
of which 18 miles operated March 1910. V . 88, p. 748, 1500.
Controlled by Interests represented by St. Louis Union Trust Co. Suc
cessor to Texas Southern R y ., foreclosed A ug. 4 1908. V. 87. p. 410, 481.
Stock outstanding, $200,000. The 20-ycar 5s ($5,000,000 authorized
issue— see table above) are subject to call at 102, beginning Jan. 1 1913.
In December 1911 $1,154,000 bonds were authorized to be Issued. V . 93,
p. 589. 1787. Interest-bearing notes (St. Louis Union Trust Co.) Dec. 31
1911, $124,455. For year ending June 30 1912, gross, $198,433; net,
$8,800. For six m onths ending D ec. 31 1911, gross, $109,083; net,
$18,949: taxes, $1,758; hire of equlp’t, $8,122; bal. for int., $9,059. For
year ending June 30 1911, gross, $205,792; net, $29,690. Pres., A lbert T .
Perkins, St. Louis, M o.: V .-P . & Asst. Sec., Oscc Goodwin, Dallas, T ex.;
Sec., Bryan Snyder, Marshall; Treas., N. A . McMillan.— (V . 93, p. 1787.)
M A R Y L A N D D E L A W A R E & V I R G I N I A R Y , — Operates Love P t., M d.,
to Lewes, Del., 73 miles; Queenstown Jet. to Centerville, M d., 5 m .; total,
78 m .; and Lewes to R ehoboth, 5 m .. Is trackage over Del. M. & Vlr. Also
owns 14 steamers running between Baltlmore-W ashlngton points on the
P otom ac River, the Rappahannock River, Patuxent River and N orfolk;
total steamer lines, 1,057 miles.
Stock, $3,000,000, of which one-half each of com m on and 4 % non-cum .
pref.; par of shares, $50 each; 4 % ctfs. of Indebtedness, due Dec. 5 1909.
$57,000. Penn. R R . and Its subsidiaries own all the com m on and about
$300,000 pref. stock., Balt. Ches. & Atlantic owning a m ajority of stock and
guaranteeing bonds. Voting trust dissolved Jan. 1911. V . 91, p. 1767.
In 1911, gross, $885,38S; net, $120,759; other Income, $80; charges, $150,
002; bal., d ef., $29,703.— (V. 92, p. 795; V. 94, p. 1317.)
M A R Y L A N D & P E N N S Y L V A N I A R R .— Baltimore, Md . to Y ork , P a.,
78.9 miles. V . 72, p . 339. In 1910 obtained right to build to tidewater.
STOCK A N D B ON DS.— Stock authorized, $3,000,000, of which $1,997,
500 reserved for future requirements. In 1002 the authorized Issue of the
first 4s was reduced from $2,700,000 to $1,200,000, of which $203,000 are
reserved to retire the York and Peach B ottom 5s and $100,000 addi
tional for future purposes, &c. V. 74, p. 94, 427; V. 79, p. 2205. Mary
land & Pennsylvania Terminal guaranteed bonds, V . 82. p. 1041, 1102.
Equipm ent notes Dec. 31 1911, $43,000. Paid on incomes, 1901, 3 % ; since
to Oct. 1912, Inclusive, 4 % yearly.
E A R N IN G S .— 12 m os.,/1 9 11 -1 2 ............... Gross, $445,791; net, $125,537
July 1 to June 30.
\1910-11............... Gross, 438,140; net, 151,577
R E P O R T .— For year ending Dec. 31 1911, gross, $441,390; other Income,
$1,505; net, $118,985; Int. on bonds, &c., $98,037; bal., sur., $20,948.
Pres., John W ilson B rown.— (V . 88, p. 506, 1171; V . 94, p. 487.)
M A S O N C I T Y & F O R T D O D G E R R .— (See M ap Chicago Great Western.)
— Owns road from Oclweln, la ., to Council Bluffs, 259 miles; Ilayflcld, Minn,
to Clarion, Iowa, 100 miles; branches to Lehigh and Coalville, Iowra, 19
miles; trackage, Council Bluffs to South Omaha, 8 miles, total, 380 miles.
The Chicago Great Western owns entire outstanding com . stock ($19,205,
400 of the auth. $20,000,000) and the non-cum . 4 % pref. stock ($13,635,
752 of the $14,000,000 auth.), and operates the road as part of Its main line
to Omaha under a 100-ycar agreement dated A pr. 30 1901, and later m odi
fied, M. C. & Ft. D. receiving 60% of earns, on business Interchanged.
A ny surplus of net earnings after payment of Interest on bonds and pref.
stock Is to be held In trust by C. G. W . for paym ent of future coupons.
This surplus on June 30 1909 amounted to $1,009,714. In 1905 $12,000,000
4 % bonds were sold. Compare Chic. Great Western R y. and V. 73. p. 500,
610, 722; V . 77, p . 040; V . 78, p . 1782; V . 80, p. 2021. Earnings Included In
those of C. G. W . system .— (V. 88, p. 1437.)
M A S S A W I P P I V A L L E Y R Y . — Province Line to L cn oxvlllc, Quo., 34
miles, with branch, 3 m ; trackage to Sherbrooke, Que., 3 m .; total, 40 m.
Leased for 999 years from July 1 1870 to the Connecticut & Passumpslc
Rivers R R . Stock, $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1. Dividends, form erly 5 % , 0 % since Jan. 1 ’97. Of the stock.
$400,000 owned by the Conn. & Pass. River Is deposited under Its mtge. and
$50,000 represented by Connecticut Trust & Safe Deposit Co. of Hartford
5 % trust certificates was purchased Feb. 1 1910 under Its option at par.
In April 1911 Bos. & Maine rec’d authority to purch. stk. V . 92, p. 1108.
M c C L O U D R I V E R R R . — Owns from Sisson, Cal., to M cGavlc, 50.6 miles.
Stock, $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust C o., San
Francisco, mtge. trustee. V. 85. p. 1005. For year ending June 30 1912,
gross, $371,024; net, $138,989. In 1910-11, gross, $450,047: net, $172,
817; Int., taxes, & c., $08,497; bal., sur., $104,320. Pres, and Gen. M an.,
J. H . Queal, San Francisco, Cal.— (V . 85. p. 1005.)
M E A D V I L L E C O N N E A U T L A K E & L I N E S V I L L E .— M cadvllle to Lines
ville, Pa., 20.5 miles, and branches, 1.2 miles: total, 21.7 miles. Leased
to June 8 1990 to Pittsburgh Bessemer & Lake Eric R R .; rental, 25% of
gross earnings. Stock, $200,000; par, $50.
77
R AILW A Y STOCKS AND BONDS.
Places Where Interest and
Dividends are Payable
New Y ork and Chicago
Treasurer’s O ffice, Phlla
St Louis Union Trust Co
First Nat Bk, Y ork, Pa
Brown Bros, N Y & Balt
do
do
A lex Brown & Sons, Balt
J P Morgan & Co, N Y
Safe Dep & Tr Co, Bost
Mercantile Tr Co, San Fr
Merch Nat B k, Meadv.Pa
Merc Tr Co, Little R k , A r
Bankers Trust Co, N Y
Guaranty Trust Co, N Y
82 Beaver Street, N Y
Office, 82 Beaver St, N Y
do
do
Glyn, Mills, Currlc&Co.Lo
do
do
do
do
do
do
do
do
Gu Tr Co, N Y T or & L on
ls t coup Mch 1913
Grand Cent T erm ’ l, N Y
Reg at G C T ; e p a t G Tr
Reg at G C T; e p a t U Tr
Union Trust Co, N Y
Grand Central Term , N Y
do
do
do
do
Reg at G C T ; cp at G T r
Guaranty Trust Co, N Y
MEMPHIS DA L L A S & GULF R R .— Owns from Murfreesboro, A rk .;
southwest to Ashdow n, 41 miles; extensions proposed north to Memphis,
T cn n., 255 miles, and south to Dallas, T e x ., 180 miles, of which 41 com
pleted and 130 under construction. In A ug. 1911 the Caddo & Choctaw,
R osboro to Cooper, A rk., 14 miles, and the H ot Springs Glenwood & W est
ern, Glenwood to Wiggs, 21 miles, were purchased, the roads to be part o f a
proposed line from H ot Springs to Ashdown.
Stock authorized, $7,875,000, as Increased July 1910; par $100; outstand
ing May 1912, $045,000. Stockholders In M ay 1910 authorized a mtge.
to secure $6,260,000 30-year 5 % bonds to extend road. V . 90, p. 1239. Of
the 6s, the $420,000 sold are guar., p. & 1., b y Nashville (A rk.) Lum ber Co.
For year ending Jyne 30 1912, gross, $221,999; net, $95,307. In 1910-11,
(03 )4 m iles), gross. $148,953; net, $43,657; Interest and rentals, $41,723;
balance, surplus, $1,934.
Pres., W . W . Brown, Camden, A rk.; Sec, J. W . Bishop, Nashville, A rk .;
Treas., W . E . Grayson, St. Louis, M o.— (V. 91, p. 154.)
MEMPHIS UNION STATION CO.— Owns union passenger station at
Memphis, T enn ., used b y Loulsv. & N ashv., N ashv. Chatt. & St. Louis,
Southern R y ., St. L. Iron Mtn. & So. and St. Louis Southw ., com pleted
early In 1911. Int. charges and expenses are to be apportioned am ong
the lines on the user basis. Stock, $100,000. In N ov. 1909 made a mtge.
to the Bankers Trust Co. of N. Y ., as trustee, to secure an Issue of $3,000,
000 50-yr. 4 % gold bonds due N ov. 1 1959, guar, join tly b y 5 roads named,
of which $2,500,000 Is pledged to secure an Issue of $2,100,000 guar. 2-yr.
5 % notes which have been sold (see table a bov e), V . 93, p. 1324; V . 89,
p. 1411: V . 90. p. 236; V . 91. p. 94; V . 89, p. 1542— (V . 93. p. 1106, 1324.)
M E RID IAN TE RM IN A L CO.— Owns passenger stations at Meridian,
Miss., opened Sept. 1 1900, and used b y Southern R y ., Mobile & Ohio, New
Orleans & Northeastern R R ., Ala. & Vicksburg and A la. Great Southern,
which own one-flfth each of the capital stock ($100,000 auth., of which
$94,000 Issued July 1912), and guarantee the bonds Jointly and severally
b y endorsement: form , V . 85, p. 601. Pres., D . D. Curran; S ec., W . J.
Kelleher.— (V. 85, p. 001, 1402.)
M EXICAN NORTHERN R Y .— Owns from Escalon, M exico, on the Mexi
can Central R y ., to Sierra M ojada, 83 miles, all steel.
ST O C K .— Capital stock Is $3,000,000; par of shares, $100; see application
In full for listing on N. Y . Stock E xchange, V . 64, p. 019.
In June 1909 It was arranged to extend the $708,000 outstanding 6 %
bonds to Dec. 1 1930. V . 88. p. 1437, 1500; V . 89. p. 104; V . 91, p. 1026.
D IV S.— (’ 93. ’94. ’95-’99. ’00. ’01. ’02. ’03. '04-’0S. ’09. ’ 10. ’ l l . ’ 12.
Per c e n t . . . 16H 0 4 y ’ly.
5 4)4 2)4 1)4 N one. 13
4
4 2 .—
R E P O R T .— For year ending D ec. 31 U . S. currency.
Year—
Gross.
Net.
Oth. Income
Charges.
Surplus.
1911................. $175,019
$111,857
$29,459
$30,855
$110,461
1910................. 284,921
168,541
52,568
82,076
139.032
— (V . 88. p. 1313, 1437. 1500; V . 89, p. 104, 1280; V . 91. p. 1026.)
MEXICAN R Y .— See pages 141-142.
MEXICAN UNION.— V . 91, p. 39, 215.
MEXICANO DEL CENTRO
R R .— V . 91. p. 215, 1630. A1EXICAN SOUTHERN R Y — See page 140.
MEXICO NORTH W ESTERN R Y .— Owns and controls 540H miles,
viz.I
Ciudad Juarez to Tabalaopa
ILa Junta to M lnaca-------- .
0.34
(C h ih u a h u a)_______ _______475.78|Cumbrc to Chuichupa(bu!ldlng)45.08
San A ntonio to Cuslhulrlachlc. 13.051
,
Owns over 3,000,000 acres of timber lands, with 2 mills at Madera with a
capacity of 175,000,000 ft. per year. Controls also large finishing and
manufacturing plant at El Paso, Texas, with capacity of 100,000,000 ft. per
year. See V . 88, p. 749; V . 89, p. 348, 470; V . 94, p. 1627.
S tock, $40,000,000 (par, $100), of which $25,000,000 Issued Jan. 1912.
• BO N D S.— Present limit ls t M. 5s, £5,600,000. all out, m ay be increased
for extensions, terminals, double-tcaking and other special purposes; N at.
Trust Co. of T oron to, trustee. Bonds are redeemable at par March 1 1959
b y annual payments, com m encing in 10 years, to be applied In annual draw
ings at par or b y purchase at or below par, or as a whole at 105.V . 88, p
749; V . 93. p. 28. 1324, 1463; V . 95, p. 170. Coupons payable at Bank of
Scotland, London; Guaranty T r. C o., N. Y ., and Bank of Comm erce, T or.
The 6 % cumulative convertible Income bonds (£1,000,000 authorized) are
secured b y a deed o f trust to the N at. Trust Co., L td ., o f Toronto, trustee,
as a general floating charge subject to the ls t M. bonds. They are entitled
to 6 % cumulative Int. as earned, payable seml-ann. Mch. 15 and Sept. 15,
to be declared Feb. and A ug. for the half-years ending Dec. 31 and June 30
next preceding. An annual sinking fund com m encing July 1 1916 will re
deem bonds on or before July 1 1922 upon annual drawings at par and Int.
Also redeemable at same price as a whole on 6 m os.’ notice. Convertible
on 30 days’ notice at option o f holder on July 1 1914 or any first day o f O ct.,
Jan., A pr. and July thereafter until July 1 1922, or when drawn, into ordi
nary shares at $4 86 2-3 per £ sterling. In June 1912 £750,000 was offered
to com plete terminals, &c. V . 94, p. 1627.
R E P O R T .— R eport for calendar year 1911 In V . 95, p . 478, showed:
Gross Income (American currency), $961,468; net Income, $400,581; other
Income, $253,231; bond Interest, $849,162; office and gen .\exp .,t$ 189,438;
bal., d ef., $324,788.
O F F IC E R S .— Pres., F . S. Pearson. 25 Broad S t., N . Y .; V .-P s .. E . D .
Kcnna and H . I. Miller, N . Y .; W alter Gow' and Miller Lash, T oron to, Can.!
Treas., U. de B. D aly, N . Y .; Sec., A . M. T reub, N . Y .
O ffice, 115
B roadway, N . Y .— (V . 95, p . 176, 478, 968).
• AtICHIGAN CEN TRAL R R .— (See Maps New York Central & Hudson
R iver.)— L IN E OF R O A D .— Main line— Kensington to Detroit, 270 m .,
and W indsor to Suspension Bridge (Canada S outhern), 226 m .; total main
line 496 miles. Branches owned and leased, 1,229 m .; trackage (111. Cent.)
into Chicago under perpetual lease, 14 m .; other trackage, 78 m .; total
Jan. 1 1912, 1,817 miles, with 599 m. of 2d track and 1,356 m. of side tracks.
Chicago Kalam azoo & Saginaw R y ., Pavilion to W oodbu ry, M ich., 55 m ..
Is controlled but operated Independently. V . 84, p. 50.
78
R AILW A Y STOCKS AND BONDS.
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
(Con)— Debentures g o id -.G .x c * Ar*
Jack Lans A Sag stock 3 )4 % yearly guar by en d___
Grand R iver Valley stock rental in perpetuity
B ay City & Battle Cr 1st M g guar p A 1 en d .M p .c*
Battle Cr A Sturgis 1st M g guar p A 1 end Mp.c*
TolC anA D etlstM $4,500,000 g gu pA l(end) G.c* A r.
Detroit R iv T u n 1st M $30,000,000 gu end__G .xc*r*
M id d le to w n Union & W a t e r Gap— 1st M ext in 1886.c*
Second mortgage (see t e x t)...........................
c*
M id lan d P en n sy lv a n ia — 1st M $ 2 ,0 0 0 ,0 0 0 gold red s f .
Midland Valley— First mortgage bonds gold __________
Prior lien $6,000,000 g o ld ....... .....................................c*
General consolidated m ortgage (see t e x t )__________
Coupon notes gold __________________________________
W ich & Mid Vail 1st M g gu p & 1 end red par____
M ill Creek & Aline Hill N a v ig a tio n & RR— S tock ____
M u w a u k ee Lake Shore & W e s te r n — See Chicago A Nc
M ilw au k ee & N orthern — See Chicago Milwaukee A St
M ilw au k ee S parta & North W e s te r n — See Chicago A
Aline Hill & Sch uylkill H a v e n — Stock (6% ren tal)___
M ineral P oint & N orthern — 1st M $450,000 gold ___F
Mineral Range— Consol mtge (text) gold red at 1 0 5 -. c
General mtge Interest guar b y Canadian P a c ific ..F
H ancock & Cal cons mtge gold red at 105 assum ed.
Minneap Red Lake & M anitoba— 1st M 5700,000 g .F .c
Minneap. & St. L— Com. stock, $18,000,000______ Ce
Pref stk, $12,000,000 (V 70, p 1150) 5 % n on -c_.C e
First mtge Merrlam June to Albert Lea gold__F.c*
Pacific extension first mortgage gold _________Cc.c*
First consol M closed M g (V 59, p 1 1 4 5 )..C e .c* A r
First A ret M $25,000,000 gold ($18,000 p m ) ____Cc
Gold notes $4,000,000 secur by collat ext 1911_.Ce
R efund and extenM $75,000,000 g red 105.Gxc*Ar*
Car tr ser A g due $60,000 yly (V 88, p 1373) . PcP.c*
Car trust ser B gold due $18,000 yearly____ PcP.c*
Iow a Central 1st M g (V 49, p 5 82 )----------------- Ba.c*
R efund mtge $25,000,000 g (sec t e x t )..U n .c * & r
Iow a Cent car trusts ser A due $32,000 y r ly .P c P .c*
Car trusts ser B due$16,000or$15.000yrIyP ep.c*
c Of which $16,819,300 held by N Y C A H R R R
M iles Date
Road Bonds
M ic h ig a n C en tral
___
84
18
41
59
___
13
___
...
299
299
___
55
r t h 'w
Paul
North
37
26
16
73
34
33)4
—
—
109
102
363
640
—
___
—
—
501
539
—
co T ’ "
Par
Value
1909 $1,000 Ac $7,634,000
____
100
2,000,000
____
491,200
100
1889
1,000
250,000
1889
1,000
500,000
1906
1,000 Ac
3,100,000
1911
1,000 14,000,000
1866
100 Ac
150,000
1871
500 Ac
250,000
1910
100 Ac See text
20,000
1,000
1910
100 Ac
5,985,100
1910
As collater’l
1910
100 Ac
1,796,500
1911
1,000
1,025,000
25
323,375
estern
wester n R y
____
50
1905
1,000
1891
500 Ac
1901
100,000
1891
1,000
1905
1,000
____
100
____
100
1877
500 Ac
1881
1,000
1894
1,000
1899
1,000
1906
1,000
1912 1,000 Ac
1909
1,000
1910
1,000
1888
1,000
1901
1,000
1909
1,000
1910
1.000
The third-rail electric Detroit River Tunnel, 2.42 m. long, opened for
traffic O ct. 1910, Is leased for 999 years. See BON DS below. V. 90,
p. 710; V . 91. p. 276; V . 92, p. 1499.
C O N T R O L .— The N. Y . Cent. & H ud. R iver R R . Co. In April 1898 gave
$115 in its 3 H % 100-year gold bonds for $100 stock, and so holds $16,819,
300 of the $18,738,000 stock Issued. See that com p a n y’s statement (also
V . 93. p. 1787) for proposition made In D ec. 1911 looking to ultimate ab•orptlon of Michigan Central R R .
D IV ID E N D S .— f’ 91. ’92-’94. ’95-’ 05. ’06. ’07. '08.
Since 1890 -------- %\ 5 5)4 y ’ly. 4 y ’ ly.
5
6
8
’09-’ l l .
6 y ’ly
1912.
6
BO N D S.— Battle Creek. & Sturgis bonds for $500,000, but of this $79,000
was sub-guarantced b y the Lake Shore A Mich. S o., 7 miles of the B . C. & S.
being operated by that com pany. The $1,723,000 3 )4s of 1901 are a first
m tge. on the Jackson Lansing A Saginaw R R ., 350 miles (V . 73, n. 1061);
V . 76, p. 1027). Of the $18,000,000 3 H s of 1902, $4,000,000 are reserved
for additions, A c. V . 74. p. 728; V . 76, p. 102; V . 83, p. 1229. First 4s
on Joliet A Northern Indiana, see V . 84, p. 1367, 1428.
Toledo Canada So. A Del. guar. 4s o f 1906, see V. 82, p. 930; V . 85, n. 406.
As to Canada South, new guar, bonds, see that co . V. 94, p. 982, 1249.
The Detroit River Tunnel guaranteed 50-year bonds ($30,000,000 auth
orized Issue) are secured b y a first lien on the double-tube tunnel and ap
proaches under the Detroit R iver, with terminals. Of the bonds, $14,000,
000 4 )4s have been sold against cost of present property and Improvements
In progress, total over $18,000,000, the remainder being reserved under re
strictions for additions and Improvements, Interest rate not to exceed 5 % .
V . 92, p. 1499; V . 93. p. 469; V . 94. p. 123.
In April 1909 an Issue of $25,000,000 4%t20-year?debenturey'was author
ized, of which $7,634,000 sold to provide for advances to Detroit River
Tunnel Co. Of the $4,500,000 authorized 4s on Grand River Valley R R .,
$1,500,000 are reserved for double-tracking, A c., and $1,500,000 for future
requirements. V . 88, p. 945, 1002, 1061, 1254; V . 90, p. 1554; V . 89.
p. 470; V . 90, p . 627.
Jointly with four other roads, covenants to pay New York Central Lines
$60,000,000 car trusts of 1907 and 1910, the com pany’s share of equipment
trusts outstanding Dec. 31 1911 being $2,864,680 and $4,747,375' also
join tly with 4 other roads the $15,000,000 car trusts of 1912. V 85 n
1402; V . 86, p. 168: V . 88. p. 761; V . 90, p. 1677; V . 92, p. 807.
E A R N IN G S .— 8 m os.,/1 9 1 2 ......... Gross, $20,855,810; net, $6,002 402
Jan. 1 to A ug. 31. 11911--------Gross, 19,223,264 net, 5,164,158
A N N U A L 'R E P O R T .— R eport for 1911 at length was in V . 94, p.823, 837.
Year ending Dec. 31—
1911.
1910.
1909.
Railroad re v e n u e s ................................. $30,164,490 $29,694,815 $27,415,467
Operating income after taxes..............$8,101,547 $6,652,574 $7,743,255
Other incom e______ _________ ________
1,170,957
1,093,680
941,4S1
Gross corporate Incom e___________ $9,275,504
$7,746,254
Rentals leased lines_________________ $1 605,444
$585,310
Interest on bonds, A c ....... ....................
3,168.464
3,281,766
Other rents and m iscellaneous______
1,364,779
826,340
Hire o f equipment, including Interest 1,020,453
1,335,507
Additional equlpt., betterments, A c .
.
250,000
Dividends, 6 % ..........................................
1,124,280 1,124,280
$8,68-4,736
$510,310
3,198,875
659,360
894,769
548,925
1,124,280
$992,084
$343,051 $1,748,217
Balance, surplus.................................
Pres., W m . C. Brown, New Y ork.— (V. 94, p. 982, 1249, 1384.)
M I D D L E T O W N U N I O N V I L L E & W A T E R G A P R R . — (See M ap Erie
RR. Co.)— Owns from M iddletown, N. Y ., to Unionville, N . Y ., 13.65 miles.
Stock, $149,850; par, $50. Controlled, through stock, by N. Y . Susq. &
W est., which paid lnt. on bonds. Oder was made to extend the $250 000
2d 5s to N ov. 1 1911 with lnt. guaranteed by N. Y . Susq. A W .; all bond
holders not consenting, principal was defaulted June 1 1910 and In March
1911 foreclosure suit was begun. V . 91, p. 154; V . 90, p. 1363; V. 92, p. 725.
Default was made In paym ent of first m ortgage bonds due N ov. 1 1911.
In Dec. 1910 a com m ittee (Charles I. Henry, Chairman; R obert G. Starr,
20 Broad S t., Sec.; Empire Trust C o., New Y ork, depositary) requested
deposits o f second mtge. bonds; V . 91, p. 1512. In February 1912 foreclos
ure suit was begun under 2d AI. In N ov. 1911 a com m ittee (Garrett T .
Townsend, Chairman; R ob t. G. Starr, S ec.; Empire Trust C o., N. Y .,
depositary), requested deposits of 1st AI. bonds. V. 93, p. 1260. In year
1911-12, net Income, $19,239; Interest on bonds, $2,500; balance, surplus,
$16,739.— (V . 92, p. 725; V . 93, p. 1260.)
AI ID L A N D P E N N S Y L V A N I A R R .— See pages 1 4 1 -2 .
A 1 I D L A N D V A L L E Y R R . — Owns and operates from Excelsior, A rk.,
south to H oye, A rk ., and north to Fidelity, A rk .; also from Excelsior west
to SUverdale, K an., and from Jenks, O. T ., to Glenn Pool, O. T ., a total of
299 miles; also operates under trackage from Alaney Jet., A rk., to Ft. Smith,
16 m ., and Sllverdale to Arkansas City, K an., 9 miles; total operated, 324
miles. See V. 78, p. 702, 1109; V. 80. p. 2345. The W ichita & Alidland
Valley R R ., which Is leased for 25% of the gross earnings (and any deficiency
necessary to meet the bond Interest and taxes) was opened from Arkansas
City to W ichita 51 miles, Oct. 4 1911. V . 92, p. 462, 796. Stock auth..
c o 5?,” yO.OOO.OOO; outstanding, June 30 1911, 58,013,000; par, $50.
1he W ichita & Alidland Valley 1st 5s (limited to $20,000 per mile, present
Issue $ 1,02o,000) are guaranteed prin. and lnt.; Phila. Trust, Safe Deposit
& Insurance C o., trustee. Issue or any part not less than $100,000 (when
drawn) m ay be called at par and lnt, on any lnt. d a y. V . 92, p. 796;
V. 'Jo, p. lZOo.
non n^iD^ AIVJD N O T13? . —-On Dec. 1 1910 issued. V . 90, p. 1676: (1) $6,
000,000 closed mtge. prior lien 5s (secured on the property of the Midland
Valley R R . and also on the rolling stock and by pledge of all the bonds and
stock $1,250,000 and $2,-i O,000, respectively— of the Sebastian County
9,oaon£? non
on th? ,? ? a estate of the construction com pany; and (2)
f J ’fOO’ OQO 6 % 214-year It It. notes, due Dec. 1 1912, secured by pledge of
r
n
Pe\v
consol. 6s, 1 le lssuc of theselbonds |to be limited to
$2,o00,00U during the life of the notes. The Coal Co. bonds and stock m ay,
be withdrawn \vheiicverj$ 1,500,00J prlorjllen bondsjare canceledt^jThe July
Amount
Outstanding
Rate
%
When
Payable
A
4 g
M
3 )4
J
5
J
3 g
J
3 g
J
4 g
4)4 g M
M
5 g
.1
5
J
5 g
5 S
J
5 g
6
6
J
A
5 g
10
J
4,210,200
450,000
593,000 4 g
1,000,000
325,000
700,000
15,370,200 See
5,917,500 See
950,000
1,382,000
5,282,000
11,870,000
4,000,000
2,500,000
420,000
144,000
7,650,095
6,220,000
224,000
124.000
5)4
5 g
A 5 g
4 g
5 g
5 g
text
text
7 g
6 g
5 g
4 g
5 g
5 g
5 g
5 g
5 g
4 g
5 g
5 g
[VOL. L X X X XV
Last Dividend
and Maturity
A 'O A pr 1 1929
A S Sep 1 1912 1M
A J Julyl '1 2 ,2 )4 %
& D Dec l 1989
A I) Dec 1 1989
A J Jan 1 1956
A N May 1 1901
A N N ov 1 1911
A 1) June 1 1910
A J July 1 I960
Jan 1 1954
& J July 1 1960
A
A
A
Places Where Interest and
Dividends are Payable
New York
Grand Cent T erm 'l, N Y
Jackson, Mich
Union Trust Co, N Y
do
do
Grand Central Term , N Y
do
cio
In default
In default
July 1912 coup not paid
July 1912 coup purchased
D Dec 1 1912
Drexcl A Co, Philadcl’a
() Jan 1 1931
Office, Philadelphia
J July 1912
5% Reading Term , Phila, Pa
.T A ,T July 15 ’ 12 3 %
Af A N May 1 1925
.1 A J Jan 1 1931
.T A ,T Jan 1 1951
J A J Jan 1 1931
J A D 30 June 30 1925
■T A .1 Jan 1 5 ’04 2)4
.r A .1 Jan 1 5 ’ 10 2)4
j
A D June 1 1927
A A O Apr 1 1921
M A N N ov 11934
M A S Mch 1 1949
F A A Feb 1 1913
Q— :7 Feb 1 1962
A A 0 T o A pr 1 1919
A A 0 T o Oct 1 1920
J
A D June 1 1938
M A S Mch 11951
M A N T o May 1 1919
A A O T o O ct 1 1920
Office 119 S 4th St. Phila
Farmers L A Tr Co, N Y
55 Wall St, New York
All owned b y Can Pacific
55 W all St, New York
First Trust A Sav Bk, Ch
Office, 25 Broad St, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Penn Co for Ins, Ac,Pldla
do
do
Bankers Trust Co, N Y
do
do
Penn Co for Ins, A c,Phila
do
do
1912 prior lien coupons were purchased b y D rcxcl A Co. to provide m oney
for Improvements. V . 95, p . 47.
E A R N IN G S .— 12 m o s.,/1 9 1 1-12___ Gross, $1,435,446; net, $323,341
July 1 to Juno 30. (1910-11___ Gross, 1,352,607; net, 400,148
R eport for year ending June 30 1911 In V . 93, p. 1258, showed:Gross'
$1,352,607; net, after taxes, $334,336; other Income (net), $84,313; lnt.
on bonds and notes, $400,903; balance, surplus, $17,746. Fres., Charles E.
Ingersoll: Sec. and Treas., H . E. Yarnall. Office, Franklin Bank B ldg.,
Phila.— (V . 93, p. 45, 1022, 1191, 1258; V . 95, p. 47, 618.)
M I L L C R E E K & A lIN E H I L L N A V I G A T I O N & R R .— Mill Creek Jet. to
Broad Afountain, P a., 3.78 m .; second track, 3.76 m .; total track, 36.72 m.
Leased In 1861 for 999 years to Phila. A Reading R R .; lcaso assumed In
1896 by P hila.& Reading Railway, rental, $33,000 and taxes.
A lIN E H I L L & S C H U Y L K I L L H A V E N R R .— From Schuylkill H aven to
Ashland and Enterprise Jet., 36.80 in.; 2d track, 18.80 m .; total track,
130.06 m . In 1897 rental reduced to 6 % on stock under new lease for 999
years from Jan. 1 1897 to Phila. A R ead. R y . C o.; 2 )4% Is paid In Jan. and
3 % In July, J4% being deducted for taxes.— (V. 63, p. 1011.)
A lIN E R A L P O IN T & N O R T H E R N R Y .— H ighland to Highland Jet.,
W ls., 26.4 miles; trackage Highland Jet. to Mineral Point, 4.2 m .; total,
30.6 miles. Incorporated in Wisconsin O ct. 17 1899. Stock, all Issued,
$550,000; par, $100. Bonds, see table above. For year ending June 30
1912, gross, $88,604; net, $20,189. In 1910-11, gross, $100,702; net,
$25,818; lnt., taxes, & c., $31,211; bal., d ef., $5,393. Pres., C. W .
Alcllhon, Allneral Point, W ls.; V .-P ., J . H . Janaway, N . Y . O ffice, 1111
Marquette B ldg., Chicago, III.
A lI N E R A L R A N G E R R . — H oughton, M ich., to Calumet, M ich., 14 m .,
H ancock to Gratiot Aline, 23 m .; branches, 30 m .; South Range exten., Ke
weenaw Bay to Michigan Aline, 39 m .; trackage, 4 m .; Mohawk R R .,
17 m .; total, 127 miles.
In 1895 paid dividends of 1014% : in 1896, 7 % ; 1897, 7 % : 1898, 3 )4 % :
none since. Stock, $1,500,000; par, $100.
BON DS.— Consols for 51,000 arc reserved for $3,000 old bonds. Of the
$593,000 outstanding, 5339,000 are 5s; the Can. Pac. on June 30 1912 owned
the remaining $254,000 (which are 4s) and the $1,000,000 gen. m tge. 4s,
both of which it guar, as to lnt. V. 75, p. 554. See V . 73. p. 556, 616: V . 73,
p. 785. Of tonnage in 1911-12, 89% was ores and mining products. Equip,
trust notes June 30 1912, $446,319, Including deferred interest.
E A R N IN G S.— For 2 months ending A ug. 31:
2 M o s.—
Gross.
N et.
Other Inc.
Charges.
Balance.
1912..................$142,758
$19,750
$299
$24,560
d e f.$4.510
1911......... ........ 124,162
23,092
2,542
25,346
___
___
sur.
288
R E P O R T .— For year 1911-12, gross. $770,248; net, after taxes, $87,017:
other Income, $10,221: charges, $109,369; d ef., $12,131.— (V . 73, p. 785.)
A 1 IN N E A P O L IS R E D L A K E & M A N I T O B A R Y . — Bemldjl to R edyb,
M inn., 3314 miles. Stock, $100,000; bonds (sec table). For year ending
June 30 1912, gross, $68,669; net, after taxes, 519,787; lnt. on bonds.
535,000; other charges, $2,021; bal., d ef., $17,234. P rc s .,C . A . Sm ith;
S ec., A . Ueland; Treas., A . L . M olander. O ffice, B em ldjl, Minn.
M I N N E A P O L I S & S T . L O U IS R R .— See M a p .)— R oad Includes:
Road Owned—
M iles. I Leases (All Stock Owned)—
M iles.
Atlnneapolls to Angus, l a _____ 260 |la. C. A W .,B elm ond to Algona 37
Hopkins, Minn., to Lcola, S .D .3 3 0
I tea ses (Part Stock Owned)—
Des Moines A Ft. Dodge R R .* .1 3 7 14
Conde to Le Beau, S. D _______ 115
T ra cka ge------------------- ---------- 3114
W lnthrop,M !nn.,to Storm Lake.154
Manly Jet., Ia., to Albert Lea,
Iowa Jet., 111., to ManlyJct.,Ia.363
Minn, (owned Jointly)----------28
Branches ____________________ 12914
T otal owned and operated_______________1_______________________ 1,585
* See this com pany.
Also owns, but leases to B . C. R . A N ., Albert Lea to Iowa Line, 13 m .
H IS T O R Y .— A reorganization In O ct. 1894, per plan In V . 59, p. 371.
In Dec. 1911 absorbed by consolidation the subsidiary Minnesota Dakota A
Pacflc and the ailed Iowa Cent. R R . (558 i n .) . V . 93, p. 1668, 1726.
Interests identified with Attnn. & St. L. control the Ches. A Ohio and
T ol. St. L. A W est., which controls Chic. & A lton, and have a large Interest
In Mo. Kan. & T ex. Des Moines A Ft. Dodge R R ., controlled. Is leased for
30 yrs. from Jan. 1 1905. V. 78, p. 2335: V. 79, p. 269, 1704; V. 81, p. 1430.
In A ug. 1911 new Interests entered the directory. It Is proposed to
extend the Mlnn^ A St. Louis from W atertown, S. Dak., to the Canadian
border, about 235 miles, at a connection with the Canadian Northern and
the Grand Trunk systems, the Minn. St. Louis A Canadian R y . being In
corporated In July 1912 with $7,000,000 stock to build the road; also to con
nect the form er Iowa Cent, with the Missouri Kansas A Texas at M obcrly,
through trackage contracts. Tills would give the Hawley system a through
route from the Canadian Northwest to Galveston, T e x .; also proposed to
make the Peoria line, by some new construction and connections at Peoria,
an cast-and-west line to Omaha. V. 93, p. 469, 666; V. 94, p. 68; V . 95,236.
ST O C K .— After 5 % on each, pref. and com . share pro rata. In D e c.1911
the authorized pref. was Increased from $4,000,000 to $12,000,000 and tho
com . from $13,500,000 to $18,000,000. Of the stock, $1,917,500 pref. and
$9,370,200 com . was issued (per plan, V. 93, p. 1668, 1324) In connection
with the merger of the Iowa Central, Increasing the outstanding amounts
to $5,917,500 and $15,370,200, respectively.
D IV ID S .
’97. '98.
’98. ’99.
’99. ’00.
’00. ’01.
’01. ’02.
1j ’97.
’01 ’03. ’04. ’05 to J a n .'10.
5
5 yearly
None
3)4 4)4 5
5
5
P referred ......... ( 3
Com m on........... J------ None----1 )4
14 44
5
5
2)4
0
since
BONDS. AC.— Bonds due 1927, Nos. 1,101 to 1,400, for $500 each, addi
tional to those above, were assumed by B. C. It. A N. (now C. R . I. A P .).
First refunding mtge. of 1899 Is for $25,000,000, of which $7,894,000
reserved to retire underlying bonds and $4,600,000 for future extensions.
Improvements, A c., under severe restrictions. The mtge. Is a first Hen on
277 miles of road, A c., and a blanket lien on rest of property, and Is further
secured by deposit of $2,530,000 Des Moines A Ft. Dodge com m on stock.
V. 68, p. 187, 332; V. 79. p. 2147: V. 80. p. 2220; V. 87, p. 1420; V. 88;
p. 295. 452, 506. See V. 69. p. 32.
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80
[For
[VOL.
K A IL W A Y STO C K S A N D BONDS,
R A ILR O A D C O M P A N IE S
abbreviations, & c ., see notes on fir s t page)
M iles Date
R oad Bonds
M in n St P aul & S S te M arie— C om stock § 2 8 , 0 0 0 , 0 0 0 .
P referred sto ck 7 % n o n -c u m § 1 4 ,0 0 0 ,0 0 0 ......................
W isc o n sin C ent leased line ctts § 1 2 ,5 0 0 ,0 0 0 a u t h . .
M ln n S a u lt S te M arie 3 A tla n tic 1st M g o ld _ _ C e .c *
M in n e ap olis & P acific first m o r tg a g e __________ C e .c *
C ons m tg e gold ln t gu ar (end) see t e x t ________C e .c *
S econ d m ortgage § 5 ,0 0 0 ,0 0 0 gold ln t g u a r ............Ce
C hicago T e rm in a l jo in t 1st M g red t e x t .. G .c * & r *
Car tru st S er A d u e § 9 6 ,0 0 0 se m i-a n n u a lly __________
do
S er B d u e § 6 1 ,0 0 0 s e m l-a n n u a lly — ..............
do
S er C g old due §(> 0,00 0 s e m i-a n n u a lly .. C
do
Ser D g d u e § 5 1 ,0 0 0 s -a (V 9 5 , p 7 5 0 ) ------M in n e so ta T ran sfer— F irst m tg e ( § 1 ,0 0 4 ,0 0 0 are 4s) _c
M is sissip p i A r k a n sa s & W e s te r n — 1st M g red p a r .C C
M iss C en t— 1st M § 1 0 .0 0 0 ,0 0 0 g gu red ( t e x t ) . . Y .x c *
M iss Hi v & B onn e T er R y — 1st M § 2 ,5 0 0 ,0 0 0 g red 105
E q u ip m e n t tru sts d u e § 5 0 ,0 0 0 s -a red p a r .. S S t . c *
Alo A rk & G u lf— 1st M § 1 ,0 0 0 ,0 0 0 g red lO o beg O c t ’ 10
A lo& 111 B r& B elt— S t C M 3 S t L B 1st M red g .S S t .c *
C on solid ated m o r tg a g e § 2 ,0 0 0 ,0 0 0 au th orize d g o ld .
M issou ri K a n s a s & T e x a s — C o m m o n s t o c k ................. ..
Preferred sto ck 4 % n o n -c u m u la tlv e ----------------------------F irst m o r tg a g e g o ld ------------------------------------------------------Ce
S ec o n d m o r tg a g e g o ld -------------------------H a
F irst ex te n sio n m o r tg a g e g o ld § 3 ,2 5 4 ,0 0 0 --------C e.c *
S t L o u is D iv isio n first r efu n d in g m o r tg a g e ------- F .c *
M issou ri K a n sa s & E a ste r n 1st M gold a s s u m e d ..C e
S ec o n d m o r tg a g e g u a ra n tee d , b ein g retired --------Sh Sh & S o 1st M ( § 2 0 ,0 0 0 p m ) gold a s s u m e d .C e .c *
K a n sa s C ity & P acific 1st M g o ld a ssu m ed ------- C e.c*
M K & O k la 1st M § 5 ,4 6 8 ,0 0 0 gold a s s u m e d ..C e .c *
T e x a s 3 O k la 1st M § 2 ,3 4 7 ,0 0 0 gold a s s u m e d .C e .c *
F irst & ref m tg e § 4 0 ,0 0 0 ,0 0 0 g old (see t e x t ) ............F
G en M § 2 0 ,0 0 0 ,0 0 0 go ld sin k fu n d red a t p a r .- N . c *
S W C & I m p 1st M assu m ed sin k fu n d call a t 1 2 5 .F
C onsol m o r tg a g e § 1 2 5 ,0 0 0 .0 0 0 gold a u th o rize d _____
T w o -y e a r secur g n otes § 1 6 ,0 0 0 ,0 0 0 red p a r _ _ U n .c
O n e -y e a r g o ld n otes § 1 , 5 0 0 , 0 0 0 -----------------------------------D allas 3 W a c o 1st M § 2 0 ,0 0 0 p m g gu p 3 l._ C e .o *
M K & T o f T e x a s 1st M § 2 0 ,0 0 0 p m .C e .c * \ Gu ar pr
B o o n v llle B rid ge 1st M gold sink f d .C e .c * f & l n t . .
495
286
2 ,7 8 6
2 ,7 8 6
__
} --8
164
65
__
__
__
__
1 ,5 9 9
1 ,5 9 9
163
162
162
182
130
227
11 7
66
225
1886
1886
1888
1899
1911
1907
1910
19 11
1912
1886
1902
1 9 09
1911
19 11
1911
1901
1 9 04
1890
1890
1894
1901
1892
1 8 92
1893
1890
1902
1903
1904
1906
1889
1010
1911
1912
1890
1892
1901
§ 1 0 0 § 2 5 ,2 0 6 ,8 0 0 7
10 0 1 2 ,6 0 3 .4 0 0 7
10 0 1 1 ,1 4 8 ,7 0 0
8 ,2 0 4 ,0 0 0
1 ,0 0 0
2 8 6 ,0 0 0
1 ,0 0 0
1 ,0 0 0 5 2 .2 2 5 ,0 0 0
3 .5 0 0 ,0 0 0
1 .0 0 0
6 ,0 0 0 ,0 0 0
1 ,0 0 0 &c
8 7 9 ,0 0 0
1 ,0 0 0
9 1 5 ,0 0 0
1 ,0 0 0
1 ,0 2 0 ,0 0 0
1 ,0 0 0
1 ,0 2 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,9 0 8 ,0 0 0
2 2 0 ,0 0 0
1 ,0 0 0
500 3 c
4 ,1 0 0 ,0 0 0
1 ,0 0 0
2 ,5 0 0 ,0 0 0
1 ,0 0 0
4 0 0 .0 0 0
10 0 3 c
See t e x t
1 ,0 0 0
7 5 8 ,5 0 0
1 ,0 0 0
7 9 0 ,0 0 0
10 0 6 3 ,3 0 0 ,3 0 0
1 0 0 1 3 ,0 0 0 ,0 0 0 4
5 0 0 3 c 3 9 ,9 9 9 ,5 0 0
5 0 0 3 c 2 0 ,0 0 0 ,0 0 0
1 ,0 0 0
3 ,2 5 3 ,0 0 0
1 ,0 0 0
1 ,9 2 4 ,0 0 0
1 ,0 0 0
4 ,0 0 0 ,0 0 0
1 ,0 0 0
5 8 ,0 0 0
1 ,6 8 9 ,0 0 0
1 ,0 0 0
2 ,5 0 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0
5 ,4 6 8 ,0 0 0
2 ,3 4 7 ,0 0 0
1 ,0 0 0
9 ,9 9 2 ,0 0 0
250
1 ,0 0 0 1 2 ,2 6 3 ,0 0 0
1 ,0 0 0
9 6 8 ,0 0 0
&C
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
T h e § 4 ,0 0 0 ,0 0 0 5 % n otes o f 1 9 0 6 , ex te n d ed 2 y ears from J a n . 1 9 1 1 , are
n o w secu red b y d ep osit of § 7 ,5 0 0 ,0 0 0 of th e r ef. an d e x t . M . 5 s o f 1 9 1 2 .
V . 8 2 , p . 3 9 2 , 69 2 , 1102; V . 8 3 , p. 3 8 . 1114; V . 91 , p . 1630; V . 9 2 , p . 118;
V . 94 , p. 279.
T h e "r e fu n d in g an d ex te n sio n ” 5 0 -y e a r b o n d s, d a te d J a n . 1 1 9 1 2 ( § 7 5 ,
0 0 0 ,0 0 0 a u th . Issue) are secured b y a general lien o n p roperties n ow ow n ed ,
s u b je c t to e x istin g liens, a n d , throu gh th e retirem en t o f th e b on d s of the
M in n esota D a k o ta 3 P acific R y ., b ec a m e a first lien on th e p ro p e rty of said
M . D . 3 P . R y ., co n stitu tin g th e rec en t ex te n sio n to th e M issou ri R iv e r ,
2 2 9 .6
m iles; th e y will also b e a first lien on the c o n te m p la te d ex te n sio n s.
O f th e b on d s § 2 ,5 0 0 ,0 0 0 w ere In J a n . 1 9 1 2 offered pro ra ta to stock h o ld e rs
(th e Issue b ein g u n d erw ritten ), th e proceeds b ein g used to d isch arge o b liga
tions m a tu rin g F e b . 1 1 9 1 2 , aggregatin g § 2 ,1 0 0 .0 0 0 . an d release u n d erlyin g
b ond s ag g re g a tin g § 1 ,8 5 0 ,0 0 0 ; an d § 7 ,5 0 0 ,0 0 0 are dep osited u n d er th e
ex te n d e d n otes o f 1 9 0 6 .
O f th e rem ainin g b o n d s, § 3 9 ,8 9 1 ,0 0 0 are reserved
to retire a like a m o u n t o f u n d erlyin g b o n d s, § 1 ,0 3 6 ,0 0 0 to retire eq u ip m en t
o b lig a tio n s, § 1 1 ,0 7 3 ,0 0 0 fo r Im p ro v e m e n ts, secon d tra ck , 3 c . , § 3 ,0 0 0 ,0 0 0
to pu rch ase rolling sto ck an d § 1 0 ,0 0 0 ,0 0 0 to con stru c t or acqu ire ad d ition al
ro a d , b ranches or term in als.
V . 9 3 , p. 1668; V . 94 , p . 27 9, 48 7 , 631.
T h e § 3 ,0 7 2 ,0 0 0 D es M oin es & F o r t D o d g e 4 % b ond s d ated J a n . 1 1 9 0 5
are g u a ra n tee d , principal an d In terest.
V . 79 , p. 1704, 26 96 .
E A R N I N G S .— 12 m o s . , / 1 9 1 1 - 1 2 ------ G ross, § 7 ,9 5 4 ,1 1 6 ; n e t, § 1 ,4 4 3 ,7 0 8
J u ly 1 to June 3 0 .
\ 1 9 1 0 - 1 1 ------ G ross, 8 ,4 9 0 ,8 2 0 ; n e t, 2 ,0 6 4 ,6 9 5
A N N U A L R E P O R T .— A n n u a l m e etin g first T u e sd a y in O c to b e r .
R e
p ort for 1 9 1 0 -1 1 In V . 9 3 , p . 1 6 6 5 (see a lso s t a te . J a n . 3 1 9 1 2 , V . 9 4 , p . 6 8 ) .
Y ear ending J u n e 3 0 —
1 9 1 0 -1 1 .
1 ,0 2 7
A v e r a g e m iles o p e r a te d ________________
Gross e a rn in g s.....................
§ 5 ,0 9 4 ,0 1 7
N e t (after taxes) — _______
1 .3 4 1 ,2 5 6
In c o m e fr o m In v estm e n ts, r en ta ls, 3 c .
1 0 3 ,4 2 0
T o ta l n e t In c o m e......................................... § 1 ,4 4 4 ,6 7 6
B o n d In terest, 3 c _______________________
1 ,3 6 8 ,7 9 2
___________
D iv id e n d on preferred sto ck ( 5 % ) ___
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 ,0 2 7 .
1 ,0 2 7
§ 4 ,9 4 5 ,3 9 1 § 4 ,1 7 1 ,3 1 5
1 ,3 0 1 ,6 0 2
1 ,1 3 3 ,4 6 5
1 3 6 ,3 4 5
1 3 5 ,8 3 5
§ 1 ,4 3 7 ,9 4 7
1 ,3 6 0 ,0 1 0
100,000
§ 1 ,2 6 9 ,3 0 0
1 ,3 6 6 ,2 5 9
200,000
B a la n ce fo r y e a r ........................................ s u r .§ 7 5 ,8 8 4 d e f .§ 2 2 ,0 6 3 d e f .§ 2 9 6 ,9 5 9
O F F I C E R S .— P r e s ., N e w m a n E r b ; V . - P s . , W . G . B lerd , M in n e ap olis,
an d F . H . D a v is , N . Y . ; T r e a s ., F . H . D a v is ; S e c ., A . C . D o a n .
O ffic e,
2 5 B road S tr e e t, N . Y .
D irectors. — R . E . H u n t in g t o n , F . H . D a v is , F ra n k T r u m b u ll, T h e o . P .
S h o n ts, A . C . D o a n , N e w m a n E r b , W . M . W a d d e n , W . J . W o llm a n , N e w
Y o r k ; F . P . F razier. C h ic a g o .— ( V . 9 4 , p . 6 3 1 , 8 2 7 , V . 9 5 , p . 2 3 6 .)
M I N N E A P O L I S S T . P A U L & S A U L T S T E . M A R I E R Y .— O w n s m ain
line fro m S a u lt S te . M arie, M ic h ., via M in n eapolis to P o rta l, N o rth D a k o ta ,
a t th e In ternation al b o u n d a ry line, there con n ectin g w ith th e C anad ian P a c .,
1 ,0 4 0
m iles: b ran c h e s, H a n b ln so n , N . D . . to M a x , 3 0 5 m iles: G len w oo d ,
M in n ., to N o y e s , 2 6 5 m iles; T h ie f F iv e r F a lls, M in n ., to K e n m a r e , N . D . ,
2 9 6 m .; M oose L a k e , M in n ., to P lu m m e r, M in n ., 19 3 m . ; W ls h e k , N . D . , to
P o llo c k , 7 0 m .; B rooten to D u lu th , M in n ., l 8 7 m . ; oth er b ran c h e s, 3 5 7 m .;
sp u rs, 8 m . ; to ta l J u ly 1 9 1 2 , 2 ,7 1 8 m iles; also tra ck age to M in n e ap olis,
S t . P aul (b ein g replaced b y line o w n ed ; V . 8 3 , p . 38 ) an d S a u lt S t e . M arie,
D u lu th an d S up erior, 2 2 m .; leases W isc o n sin C e n t. R y . (w hich se e ), 1 ,0 3 3
m iles; t o ta l, 3 ,7 7 3 m iles.
E x te n sio n to P lu m m e r, M in n ., 2 0 0 m iles, w a s op en ed O c t . 1 9 1 0 , an d one
fro m F re d e rick , W l s . , to D u lu th , M in n ., In A p r il .
E x te n sio n fr o m D rak e
to F o r d v llle , N o . D a k ., w as op en ed a b o u t O c t . 1 1 9 1 2 .
V . 95, p . 745.
O w n s L a w le r , M in n ., to C u y u n a , 3 7 m . , n o t ln c l. In a b o v e .
V . 9 1 , p . 912,
787.
H I S T O R Y . — A c on solid ation In 1 8 8 8 o f M in n . S a u lt S te . M arie 3 A t l .,
M in n . & P a c ., 3 c .
See V . 4 6 , p . 5 3 8 , 6 0 9 ; V . 7 7 , p . 6 2 8 .
In 1 9 0 9 5 1 % o f W isc o n sin C en t. c o m . sto c k w as p u rch ase d , affording a
C hicago c o n n ec tio n , th e road b ein g leased for 9 9 y ears fr o m A p ril 1 1 9 0 9 :
§ 1 1 ,1 4 8 ,4 0 0 4 % leased line c tts. were Issued (to O c t. 1 9 1 2 ) , secured b y th e
W isc o n sin C en tral p r e f. s to c k .
V . 8 8 , p. 23 2, 56 4, 68 6; V . 9 8 , p . 1668.
I n t . on W is e . C e n t. 1st 3 r e f. 4s ( § 6 ,0 0 0 ,0 0 0 o u tstan d in g) Is g u a r a n te e d .
V . 95. p. 968.
In 1911 th e C en tral T e rm in a l R y . w as organ ized to bu ild a n ew C hicago
term in al to replace th e facilities leased fro m th e Illin ois C en tra l.
See
B O N D S b e lo w .
V . 9 3 , p . 1463, 1387, 87 1 , 28 5 ; V . 95 , p . 7 4 5 .
S T O C K .— C anad ian P acific in J u ly 1 9 1 2 ow n ed § 1 2 .7 2 3 ,5 0 0 c o m m o n and
§ 6 ,3 6 1 ,8 0 0 preferred.
Preferred sto ck h as a prior rig h t t o 7 % ( n o n -c u m .);
then c o m m o n to 7 % ; th en sh are pro r a ta .
V . 75, p. 549.
S tock h old e rs o f record A p ril 15 1911 su bscrib ed pro r a ta for § 2 ,1 8 7 ,4 0 0
p ref. an d § 4 ,3 7 4 ,8 0 0 c o m m o n sto ck a t p a r.
V . 92, p. 725, 882.
D I V I D E N D S .—
1 ’0 3 . '0 4 . ’0 5 . ’ 0 6 . ’ 0 7 . ’0 8 . ’0 9 . ’ 1 0 . ’ l l . 1 9 1 2 .
4
4
4
4
6
6
7
7
7
C o m m o n ................................. % j 2
B O N D S .— C a n . P a c . gu aran tees 4 % ln t. on all old b on d s a sse n tin g to a
red u ction of ln t. to 4 % ; also on consols o f 1 8 8 8 .
(See V . 5 0 , p . 7 8 4 ; V . 5 1 ,
p . 2 3 9 .)
A b o u t o n e-h a lf M in n . & P ac. b on d s and p ra ctic a lly all oth er Issues
a sse n te d .
A b s tr a c t o f M inneapolis Sault Ste. M arie & A tlantic m tg e . In
V . 4 5 , p. 24 3.
T h e consolidated mortgage o f 1 8 8 8 , a b str a c t V . 4 7 , p . 14 2 ,
w as fo r § 2 1 ,0 0 0 ,0 0 0 on 8 0 0 m iles (sufficien t o f th is reserved to retire prior
b ond s) an d fo r § 2 0 ,0 0 0 per m ile on all a d d itio n s. V . 9 4 , p . 3 5 1 ; V . 7 3 , p. 185:
V . 7 8 . p. 8 2 0 ; V . 7 9 , p. 1 3 3 2 ; V . 8 0 . p . 6 5 1 ; V . 8 7 , p . 1 0 1 1 , 1 6 6 4 : V . 8 9 ,
p . 7 7 9 ;V . 9 1 , p . 1 0 2 6 : V . 9 5 , p . 5 4 4 .
A s to 2 d 4 2 , see V . 6 8 , p . 6 6 9 , 7 7 1 ,
9 7 7 ; V . 7 1 , p .8 4 5 ; V . 8 5 , p . 16 46 .
T h e C hicago T e rm in a l 1st M . 3 0 -y e a r g old 4s ( § 2 0 ,0 0 0 ,0 0 0 a u th .) are se
cured u nder a j o l n t m tg e . w ith C en tral T e rm in a l R y . on th e term in als for
th e M in n . S t . P . 3 S . S . M . an d C a n . P a c . sy ste m lin es.
T h e y are su b jec t
to call on a n y Interest d a te b egin nin g N o v . 1 1 9 1 6 as a w hole a t 10 5 and
m u st b e called y e a rly , b egin nin g N o v . 1 1 9 1 6 , a t 10 2 H b y a sinking fu n d su f
ficient to retire Issue a t or b efore m a tu r ity If n ot p urchasab le fo r less.
The
§ 6 ,0 0 0 ,0 0 0 bond s sold represent cash In vestm e n t equ al a t least to their par
v a lu e , th e rem ainder being reserved for not »x c "'*d ln g « 0 % of co st o f ex te n
sions an d Im p rove m e n ts.
V . 9 3 , p . 1463; V . 9 5 , p .7 4 5 .
Am ount
O utstanding
Par
Value
1 6 ,0 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
1 ,3 4 0 ,0 0 0
4 ,5 0 5 ,0 0 0
9 9 2 .0 0 0
Rate
%
.
When
Payable
In 1 9 1 2
In 19 12
4
4 g
4 (5)
4 g
4 g
4 g
5
A
A
A
J
,r
J
J
M
J
A
4K g M
4 K g ,r
4 & 5
F
J
5 g
5 g
J
A
5 g
5
J
A
5 g
J
4 g
J
4 g
In 1 9 1 2
4 g
4 g
5 g
4 g
5 g
5 g
5 g
4 g
5 g
5 g
4 g
4H g
6
5
5 g
5 g
5 g
5 g
4 e
_tr
M
J
F
M
A
A
A
J
F
M
M
M
J
J
A
M
J
M
M
M
&
L ast D ividend Places Where Interest and
Dividends are Payable
and M aturity
O O c t 1 5 ’ 12 3 H
15*12
3M
o Apr 1 2 0 0 8
,T Jan 1 1 9 2 6
J Jan 1 1 9 3 6
.1 J u ly 1 1 9 3 8
J J an 1 1 9 4 9
N N o v 1 1941
.1 T o J u ly 1 1917
O T o A p ril 1 1 9 2 0
T o M ch
1 1921
D T o Jun o 1 1922
A Aug 1 1 9 1 6
J Jan 1 1 9 2 2
J J u ly 1 1 9 4 9
O O ct 1 1 9 3 1
J T o O ct 1 1916
o O ct 1 1 9 41
J J an 1 19 51
J J an 1 19 51
3: O O ct
3
&
3:
3
3s
*
3
3
&
3
3
3
3
3s
*
3s
3s
3
3s
3;
&
3s
3s
3s
3;
3
3
3
3
&
3
3
3
3
3
3
3
s
N
D
A
N
()
<)
O
D
A
N
S
S
J
J
o
N
.1
N
S
N
LXXXXV.
N ov 9 1912 2 %
J un e 1 1 9 9 0
J un e 1 1 9 9 0
N o v 1 1944
A p r 1 2001
A p r 1 1942
A p r 1 1942
June 1 1 9 43
A u g 1 1990
M ay 1 1942
S ept 1 1943
S ep t 1 2 0 0 4
Jan 1 1 9 3 6
J u ly 1 1 9 2 9
A p r 1 1940
M a y 1 1913
J u ly 1 1 9 1 3 •
N ov 11 94 0
S ept 1 1942
N o v 1 1951
M in n offic e; check s m all
do
do
B a n k o f M o n tr e a l, N Y
do
do
do
do
do
do
N ew
York
3
L on d on
do
do
do
do
B a n k o f M o n te r a l, N Y
1st N a t B k .S t P a u l,M in n
C on t 3 C om T r 3 S B .C h
H a r v e y F isk 3 S o n s, N Y
S t L o u is U n io n T r u st Co
S t L o u is U n io n T r u st Co
C hecks m ailed
O ffic e, 4 9 W a ll S t . N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
U n ion T r u st C o, N Y
do
•
do
O ffic e, 4 9 W a ll S t , N Y
do
do
do
do
G E N E R A L F I N A N C E S .— In F e b . 1 9 1 2 sold § 1 ,5 2 0 ,0 0 0 c on sol. 4 s ,
m ak in g a m o u n t o u t § 5 2 ,2 2 5 ,0 0 0 .
A s to C hicago T e rm in a l 4s of 1 9 1 1 ,
§ 6 ,0 0 0 ,0 0 0 so ld , see a b o v e .
E A R N S . (R o a d p roper.) 1 1 9 1 2 ..............G ross, § 3 ,0 9 8 ,0 9 6 : n e t, § 1 ,0 7 3 ,5 2 5
2 m o s . , Ju ly 1 to A u g . 3 1 .
J 1 9 1 1 _______ G ross, 2 ,7 0 5 ,1 9 5 ; n et, 1 ,0 5 4 ,2 7 6
R E P O R T .— R e p o rt for year en d ing J u n e 3 0 1 9 1 2 w as In V . 9 5 , p . 7 4 5 .
Year ending J u n e 3 0 —
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
2 ,7 4 1
2 ,6 3 9
2 ,4 6 1
A v e r a g e m iles op era ted ...............................
Gross ea rn in g s............................
§ 1 6 ,7 7 0 ,7 0 0 § 1 2 ,8 1 9 ,1 8 8 § 1 5 ,0 6 0 ,2 3 7
N e t after ta x e s ..................
6 ,3 9 6 ,1 4 2
3 ,9 2 0 ,6 0 7
6 ,3 8 0 ,5 7 8
O ther In c om e......................................................
1 ,0 5 8 ,2 3 6
9 1 3 ,2 0 4
8 6 5 ,6 1 4
Total net Income_________________ §7,454,378 § 4 ,8 3 3 ,8 1 1 § 7 ,2 4 6 ,1 9 2
Interest on bonds, 3 c _____________ §2,659,855 § 2 ,4 4 7 ,6 1 9 § 2 ,2 9 8 ,3 8 7
4 4 5 ,7 1 6
4 4 3 ,9 6 9
Int. on Wise. Cent, leased line certs..
445,837
1 0 9 ,0 4 9
1 0 3 ,3 9 4
Rental of term inals..........................
124,396
7______
2 9 ,1 2 0
6______
5 8 ,5 6 0
805,679
Preferred dividends (7 % )__________
Dividends on common_____________
1,611,358 (7)1,458,240(6 >4) 1233120
Balance.............................................sur.§807,253 def .$355,933 s.§2,508,762
— (V. 93, p. 1463; V. 94, p.279, 351; V . 95, p. 481, 544, 745, 750, 968.)
M IN N E S O T A T R A N S F E R R Y . — Union road owning 13.54 miles, ex
tending from Junction with Cnlc. Mllw. 3 St. Paul at Merrlam Park to Frid
ley (with stock yards, 3 c.); side tracks, 45.72 miles; total, 59.26 miles.
V. 67, p. 956. Stock, §63,000, equally owned by Chic. Mllw. & St. Paul,
Nor. Pac., Chic. St. Paul Minn. & Omaha, Minn. 3 St. Louis, Chic. Burl. 3
Quincy, Great North., Chic. Great West., Minn. St. Paul 3 Sault Ste. Marie
and Chic. Rock Island 3 Pacific. Additional bonds can be Issued for Im
provements, 3c. Principal only Is payable In gold. Mortgage trustee.
Northwestern Trust Co., St. Paul.— (V. 67, p. 956.)
M I S S I S S I P P I A R K A N S A S & W E S T E R N R Y . — Owns Bllssville, Ark.,
to Vinson, 8 miles. Stock auth., §220,000. Year 1910-11, gross, §23,222;,
net, §10,540; lnt. 3 taxes. §11,506; bal., def., §966. In 1909-10, gross
§21,696; net, §7,243. Pres., A. P. Bliss, Saginaw, Mich.; Sec., F. L.
Gregory, Bllssville, Ark.— (V. 75, p. 442.)
M I S S I S S I P P I C E N T R A L R R . — Owns from a point 14 miles south of
Hattiesburg, Miss., to Natchez, 164 miles. Including the former Natchez 3
Eastern,Natchez, Miss., to Brookhaven, 66 miles, taken over by consolida
tion In June 1909. Extension proposed to Gulf of Mexico. Stock auth.,
§5,000,000; outstanding, July 1912, §3,940,000; par, §100. Dividends of
6% yearly paid to Oct. 1 1907: none since to Sept. 1912.
B o n d s . — 1st M. bonds dated July 1 1909, limited to §10,000,000, are issu
able at §25,000 p. m.; they are subj. to call by lot at 110 for yearly sinking
fund of §300 p. m. of road covered from July 1 1912; also as an entire Issue at
same price They are guar., p. & I., by U. S. Lumber Co. V. 88, p. 1561.
EARNINGS.— 2 mos., 11912.......................Gross, §171,621; net, §77,774
July 1 to Aug. 31.
j 1911.................. ..G ross, 148,884; net, 66.606
Year ending June 30 1912, gross, §822,762; net, §251,230: other Income,
§69,676; int. on bonds. §205,000; sinking fund, §49,200; bal., sur.,
§66,704. Pres., F. L. Peck; Sec., G. F. Royce. Office, Hattiesburg,
Miss.— (V. 90, p. 1171.)
M I S S I S S I P P I R I V E R & B O N N E T E R R E R Y — Owns Riverside, Mo.,
on Mississippi River, to Doe Run, Mo., 46.44 miles, with branches, 18.10 m.;
also 4 3 .4 4 miles of Industrial tracks; total tracks about 108 miles. In July
1912 purchased St. Francois County Electric R y ., extending from De Lassus
to Federal, Mo., 11 miles. The road will be extended and a spur of the
steam line running to Flat River, giving the eleotrlo lino an entrance Into
profitable territory. V. 95, p. 236.
STOCK.— Stock auth. and outstanding, §3,000,000; par, §100. Divi
dends paid from 1900 to 1910, 6% , and 7
for year ending June 30 1911. ’
BONDS.— The §2,500,000 1st M. gold 5s of 1911 are secured by a closed
first mtge. on the property owned and hereafter acquired except about onehalf In value of the equipment, and further by deposit of a §2,000,000
20-year 5% note of the St. Joseph Lead Co., the latter having no bonded
debt, and agreeing to create none during life of note without securing
the same equally and ratably with all bonds secured under such mortgage.
They are redeemable at 105 as a whole or by lot for a sinking fund of §25,000
yearly for the first 5 years and §50,000 a year thereafter, which Is estimated
to retire §1,300.000 bonds by maturity. V. 93, p. 589, 871.
EARNINGS.— For year ending June 30 1911, gross, §860,838; net in
come. §307,417; add lnt. on St. Joseph Lead notes deposited under mtge.
§125,000; total net Income, §432,417; Int. on new bond issuo calls for
§125,000 and on equipment trust for §25,000.
Pres., Dwight A. Jones; Treas., G. S. Parsons; Sec., F. P. Graves.
Office, 8 Nassau St., N. Y .— (V. 93, P- 286, 589, 871; V . 95, p. 236.)
M I S S O U R I A R K A N S A S & G U L F R Y .— See pages 1 4 1 -2 .
M IS S O U R I & I L L I N O I S B R I D G E & B E L T R R .— Has bridge 2,100 feet
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned
by Cleve. Cine. Chic. 3 St. Louis, Louisville 3 Nashville, St. Louis Iron
Mtn. 3 South., Balt. 3 Ohio, Missouri Pac., Wabash, Chic. Rock Island 3
Pac., St. L. & San Fran., Mo. Kan. & Texas and St. L. Vandalia 3 Terre
Haute (Penn. RR. system), incorporated In Aug. 1904 as successor of the
St. Clair Madison 3 St. Louis Belt RR. V. 79. p. 1642, 681. Stock, §2.
500.000: outstanding. §110,000. For year ending June 30 1911, gross,
§59,188; net, §40,333; other Income, §146,502; int. 3 taxes, §71.161;
surplus rentals distributed, §110,000; lmpts., §3,735; mlsc., deductions,
§1,045: bal., sur., §894. Pres., Henry Miller; Treas., F. II. Hamilton;
Sec., W. F. Bender, Lincoln Trust Bldg., St. Louis.— (V. 88, p. 1128.)
M I S S O U R I K A N S A S & T E X A S R Y . — (See M a p . ) — Operates a line with
northern terminals at St. Louis, Kansas City, Junction City and Hannibal,
Mo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (*See this company.)
Oct , 1912. j
R A IL W A Y STO C K S A N D BONDS
81
M I S S O U R I ,
K A N S A S
R a ilw a y
&
T E X A S
S y stem .
82
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Mo & N Ark RR— R e cctfs $2,500,000 g red 101 M ayl3
Missouri Oklahoma & Gulf RR— Stock $ 20 ,000,000-Flrst mtge $20,000,000 see te x t--------------------- SSt
Missouri Oklahoma & Gulf R y— Stock $10,000,000 '
First mtge $10,000,000 g red t e x t------------- SSt.c*
do
do
of Texas 1st M $1,000,000____SSt
M O A G R y A Terminal first mortgage guar..........
Missouri Pacific— Stock $240,000,000 authorized) __
Pacific R R of Missouri 1st M ext In 1888 g o ld ._ .B a
Second mtge ext In 1891 In gold St L to K C -.c *
First m tge St Louis real estate ext In 1892 g o l d ..
Flrst mtge Caron Br g gu p & 1 (end) extend 1893
Third M ext In 1906 reel 105 (V 83, p 492, 1348)Ce
Missouri Pac 1st M Lexington to Sedalia, M o, goldConsolldated m ortgage $30,000,000 g o l d . . . — _c*
Gold collateral trust----------------------------•— Un.c * r
First coll M $10,000,000 g (V . 50, p. 669) ,- B a .c ’ r * r
Mortgage $37,255,000 g red at 102H
-B a.xc«& r*
Ler A Cancy V 1st M g gu (V 70, p 1095) a ssu m ed .c’
Verdigris Val Indep & W 1st M g guar assumed
K C & N W 1st M pref “ A ” g assumed red 1 0o--B a
Cent Br U P 1st M g a ssu m ............- ..................... -U u .
Central Branch 1st M gold a ss u m e d -.--------------- -Ba
Kan A Col Pac 1st ref M g gu a ssu m ed --E q .x c* Ar
First & ref M $150,000,000 red con v text G .x c ’ Ar*
Boonvllle St L & South R y 1st M g gured 107 « - E q
Secured gold notes $25,000,000 red par
Un.c
E quip Ass’n obligations, Ser C g last Installment.Ba
do
do
Ser D to F gold $103,000 Dec 1 y ’rly
do
do
Ser G to I gold $220,000 y e a r ly ............
Equipm ent notes series 2 due $142,000 s-a red Par Ce
Mo Pac equip bds g $335,000 May 1 y ly C K .c*& r
Equip ref bonds $6,415,000 (V 94, p 6 3 1 )------- - -
Am Refrlg Transit equip notes gold not guar— See
M iles Dale
Road Bonds
Par
Value
Rale
%
5 g
$1,000 $1,250,000
100 10,000.000
100 10.000.000
5.160.500
100
6.857.500
100 &c
350 1904
See text
1911
5 g
550.000
100 83,251,085 See text
4 g
6.996.000
1,000
284 1868
2.573.000
1,000
284 1871
6 g
800.000
500 Ac
1872
237,500
4H e
500
'1 3 1873
4
3.828.000
1,000
297 1876
5 g
650.000
500 Ac
57 1880
6 g
1,000 14.904.000
1,076 1880
5 g
1,000 14.375.000
1,120 1887
5 g
9.636.000
1,000
671 1890
4 g
500 Ac 37.255.000
1905
5 g
520.000
1,000
'5 2 1886
806.000
1,000
81 1886
1.024.000
5 g
100 Ac
1894
4 g
2.500.000
1,000
166 1898
4 g
3.459.000
1,000
288 1899
3.972.000
1908 1,000 Ac
6g
5 g
100 Ac 29.806.000
3,779 1909
5 g
500.000
1,000
44 1911
1,000 25,000,000
1911
282.000
1,000
1903
fs
254.000
1,000
1903
£ g
e
5
814.000
1.000
1905-7
5
2.556.000
1,000
1912
5 g
1.675.000
1,000
1907
2.415.000
1912
‘ Indu strlal Cos” and V 9 2 , p 883.
When
Payable
M
&
19U
1911 the Court of Claims sustained the Governm ent’s demurrer to the com
pany’s petition; appeal pending. V . 94, p. 912; V . 95, p. 1057.
D IV ID E N D S .— On pref., 1906 to N ov. 1912, 4 % yearly (M .& N .).
B O N D S — M. K . & T . 1st and 2d mtges. of 1890 (abstracts In V . 51,
n 495) cover besides right to land grant, 1,599 miles of road, including line
Hannibal M o., to B oggy Tank (except 71 miles trackage), sundry branches,
and Sherman Shreveport & Southern, but see below.
M issouri Kansas & Eastern bonds were assumed In June 1896. (V. 63,
n 90 ) $4 669,000 St. Louis Div. 1st ref. bonds reserved for retirement
of both issues; balance for ext. and impts. V . 72, p. 1034: V . 75, p. 608.
Sherman Shreveport & Sou. mtge. Is for $6,000,000 at $20,000 per mile;
Issued, $3,689,000, of which $2,000,000 pledged under M. K . & T . mtges.
Bonds were assumed on consol. In 1901. V . 72, p. 1034, 1115.
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds, Issued
at. S20 000 per mile, guaranteed, have been assumed. V. 74, p. 1038;
V 7 5 /P .1 8 5 . 733: V . 77, p. 252; V . 78, p. 48; V . 79, p. 96S.
„ _
Of the first and refunding 4s of 1904 ($40,000,000 auth. Issue), $12,037,
000 is reserved to retire divisional mortgages at or before m aturity; balance
unissued ($17,525,000) for future purposes. They are payable at the op
tion of the holder In sterling, marks or francs. They are a second lien on
507 ml'es of road and on the first m tge. bonds of Denison & Washita Valley
R v 47 miles, and a first lien on terminals and equipment of estimated
value of $24,380,000. V . 79, p. 968, 1281, 1332; V . 80. p. 222, 712; V. 81,
d . 613; V . 82, p. 987, 1497; V . 86. p. 1101; V . 88. p. 158. 295.
o
Gen 4V<% m ort. sinking fund, 2 % of bonds yearly from 1911. V . 82,
D. 218. 334, 692; V. 84, p. 1551: V . 85. p. 346, 654; V. 88, p. 101, 158.
Consolidated mortgage of 1910 Is limited to $125,000,000: $66,000,000 re
served primarily for refunding and the remainder are Issuable only under
restrictions. The bonds were on June 30 1912 secured by the pledge of
$14 505 000 bonds and $18,116,500 stocks. Including $4,727,000 M. K . A T .
Term . Co. of St. Louis 1st 5s, $6,830,000 M. K . & T . gen. ‘I'As, $1,305,000
Texas Central pref. and $2,662,300 com m on stock, and b y a lien on the
property of the M. K. A T . subject to existing liens. , l b May 1 9 1 2 $ 4 1 ,131 000 consols had been authorized to be Issued, of which $21,937,000 had
been Issued and deposited under the 2-year 5% gold notes, and $521,000
were In the treasury. V. 92, p. 725, 795; V . 90, p. 1491; V . 91, p. 336;
V . 92, p. 1179, 1375, 1500. The $16,000,000 2-year 5% secured gold notes
dated May 1 1911, Issued to take up $10,000,000 notes called for paym ent
M av 1, and equipment and improvements, are secured by deposit of $21.
937.000 consol. 5s. V . 92, p. 726, 795, 882; V .9 4, p.1 3 17 . In July 1912,
sold S I,500,000 1-year 5% gold notes to retire $1,100,000 due July 1 1912
and for Improvements. V . 9 5 , p . l l l . Boonvllle Bridge 4s. V .7 3 ,p .4 .)4 .
M . K . & T. of Texas m tge., $10,000,000, see guaranty. V . 56, p. 604.
The Southwestern Coal & Improvement Co.'s bonds are guaranteed. Mort
gage ($1,000,000) covers coal lands In Indian Territory; the com pany also
owns 2,350 acres additional. Den. & W ash. R y ., 47 miles, mines, Ac.
E A R N IN G S .— 2 m os., J1912________Gross, $4,975,153; net, $1,387,992
July 1 to A ug. 31.
11911_______ Gross, $4,535,697; net,
811,183
A N N U A L R E P O R T .— Annual meeting first Thursday after first M onday
In April. Report 1911-12 was given at length in V . 9o. p. 1036, lOob.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Average miles
3.398
3,377
3,072
Gross earnings! 1111111111111111111 $28,186,719 $29,065,294 $20,559,346
Operating expenses and taxes_______ 22,260,030 21,612,165 20,198,967
Operating Income_________________ $5,920,689
N e tln co m e ._____ ____________________ $0,241,759
Interest on bonds___________________ $4,861,620
Other Interest, A c__________________
783,923
R entals______________________________
579,048
Hire of equipm ent__________________
______
$7,453,129
$7,878,218
$4,848,290
594.038
062,184
$6,360,379
$6,058,250
$4,801,355
11,032
705,320
99.080
$17,168
$520,000
$1,773,706
$520,000
$1,041,463
$520,000
Amount
Outstanding
1912
M .K .& T.Ry.— Owned (166 m.) M iles. M .K .& T .of Tex.-Oper. (345 m.)—
629 ’ T ex. C ent.(99% stock owned) _ 309
St. Louis to Red R iv er..............
18
H annibal, M o., to Franklin J e t. 105 ’ W ichita Falls R y ____ IN ot
19
K . C., M o., to Parsons, K a n . . .
94 W ascom to S hrevep ort/ow ned .
Parsons, K an., to Okla. C it y .- 203 Op. Jointly (a.) — M .K .& T .R y.( 81 m.)
27
Junction City to Parsons, K a n . 158 St. Louis to Machens, M o_____
43
K . C. June, to Paoia, K a n ..........
86 Kansas City to P aola--------------Oklahoma City to A tok a ---------- 132 Dewey to BartlesvIIle.
Osage June, to Verdark, O k la ..
79 Moran to Piqua________________
Fallls to Guthrie...............
23 (6) M . K . & T . o f Tex. (155 m.) —
Other branches_________________ 155 W hltesboro to Fort W orth -----M .K .& T.of Ter.-Owned (1,153 m.) — Houston to Galveston......... —
Red R Iv.to H ouston,via F t .W . 357 Sou. Pac Connection. San A n t.
Denison to Htllsb., via D a lla s.. 172 Austin to San Marcos (sec Int.
& Gt. N or.; V . 94, p. 4 1 6 ) .- W hltesboro to Henrietta............
87
„
Greenville to S hreveport............ 150
Other branches
38/ Total operated June 30 1912.3,399
In June 1910'acqu ired $3,967,800 of the $4,000,000 stock of Texas
Central. 309 miles. See BONDS below.
In 1911 the stock of the W ichita F a lls * Northwestern Ity. and W ichita
Falls & Southern R y ., together operating 483 miles, was acquired and the
earnings will be Included Sept. 1912. V . 95, p. 1057.
In Oct 1912 purchased entire stock of Beaumont & Great Northern U K .,
extending from W eldon to Livingston, T e x ., 49.3 miles, connecting at
T rinity with the Orphan branch. V . 95. p. 968.
O R G A N IZ A T IO N , AC.— Reorg In 1890 without foreclosure. V. 49,
n 719
In Oct. 1909 a large interest had been acquired by B. F . Yoakum ,
of St. Louis & San Francisco, and Speyer & Co. V. 89, P. 993.
L A N D G R A N T .— Land grant In form er Indian Territory (now Okla-
• Balance, surplus__________________
Dividends on preferred stock (4 % ) —
(VOL. L X X X X V .
R A IL W A Y STOCK S A N D BONDS.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
N May 1 1915
Mercantile T r Co, St L
N ov 11961
lst(3 m os)coup pdM ay 12
St Louis Union Trust Co
N N ov 1 1944
do
do
•
1941
do
do
M & N N ov 11944
J & J Jan 30 1908 2 JS 165 B roadw ay,N ew York
Bankers Trust Co, N Y
A A Aug 11938
do
do
& J July 1 1938
do
do
M & N May 1 1938
do
do
A & O O ct 1 1938
do
do
M & N July 1 1938
do
do
& A Aug 1 1920
do
do
N
ov
1
1920
M A N
do
do
M A S Jan 1 1917
do
do
& A Aug 11920
do
do
M A S Mch 1 1945
do
do
J
A J July 1 1926
do
do
M A S Mch 11926
do
do
J
A J Jan 1 1933
do
do
A D June 1 1948
J
do
do
F & A Feb 1 1919
F A A Feb 1 1938
Bankers Tr Co, N Y
M A S Sept 1 1959
do
do
F A A Aug 1 1951
Union Trust Co, N Y
A D June 1 1914
Equitable Trust Co, N Y
Q— M June 1913
do
do
Q— M T o Deo 1914
New Y ork
Q— M T o Dec 1916
Colum-Knlck Tr Co, N Y
M A N T o N ov 1921
M & N May 1913-1917 Central Trust Co, N Y
M
&
O F F IC E R S .— Pres., Charles E . Schaff, St. Louis; V .-P ., C. Halle, St.
Louis; Sec. & Treas.. C. N. W hitehead, 49 W all S t., New York.
Directors.— Frank Trumbull (Chairman), Charles E. Schaft, St. Louis;
Hans W lntcrfeldt, Frank A . Vanderllp, James N. W allace, Harry S. Black,
Stuyvesant Fish, W alter S. Crandell, Henry E. Huntington, New York;
A . A . Allen, James Campbell, St. Louis, M o.; Frank P. Irazler, Chicago;
Edward S. R ea, Alfred J. Poor, E. B. Stevens, Kansas; and Alfred W .
Smlthers, L ondon.— (V . 95, p. I l l , 90S, 1036. 1056.)
M IS S O U R I &
NO RTH
A R K A N S A S R R .— See p ages 1 4 1 -2 .
M IS S O U R I O K L A H O M A & G U L F R R .— W agoner, Okla., to Joplin,
M o.. 120 miles, almost com pleted O ct. 1912. Construction begun from
Henryetta, Okla., to Oklahoma City, 102 m . T o be built later from Deni
son T e x ., to Dallas and Fort W orth, T e x . T o be an extension or enlarge
ment of the Missouri Oklahoma A Gulf Railway, which see below.
Incorporated In the State of Oklahoma Dec. 11 1911. Projected to In
clude In all some 1,200 miles, estimated to cost about $40,000,000, viz.:
(1) Oklahoma City easterly to H enryetta, thence southerly (embracing
the present Mo. Okla. & Gulf Railway) to and across the bridge over the
Red R iver, and thenco both southeast and southwest through Texas to
the Gulf of M exico; (2) Henryetta, northerly and northeasterly via W ag
oner on the present ’ ’railway” and across the States of Missouri and
Kansas to Kansas City, Mo. V . 94, p. 487.
. . .
Bonds ($20,000,000 1st 5s) are limited to $27,500 per m lo, of which
$10,000,000 present Issue was offered In France Mch. 1912. 1 he contractor
will receive $27,500 bonds and $27,500 stock per mile. The bonds will
cover road, rolling stock, terminals, A c. The Interest during construction
and for the first year of operation will be provided out of the proceeds of
bonds and during the next two years Is guaranteed by the contractor.
Bonds are callable on or after N ov. 1 1917 for the sinking fund pat ar and
as an entire Issue at 102 and lnt. V . 94, p. 487, 698.— (V . 95, p. 618.)
M IS S O U R I O K L A H O M A & G U L F R Y — Owns and operates 229.72
miles of main track and 20.6 miles of sidings extending from W agoner to
Denison, via Muskogee and Henryetta; trackage Denison to Sherman, 10 A
miles. Branches, Dewar to Coalton, 5 m ., and Arkansas Junction to
Lowcrrec, 2.4 m . The Missouri Oklahom a A Gulf R R . (which seo above)
Is building extensions to Joplin, M o., and Oklahoma City, A c. V . 94, p.
488. Oklahoma City Term . R y ., with $75,000 auth. stock, was Incorpo
rated to build terminal. V. 93. p. 469. Its steel bridges over Verdigris
and Arkansas rivers are used as toll bridges.
BONDS secured by absolute first m tge. on entire property now owned
or hereafter acquired, limited to $25,000 per mile, to be issued upon com
pletion of 5-mile sections. They are subject to call at 107 and interest
after N ov. 1 1909 on 6 months’ notice. V . 86, p. 1043. In July 1911
$0,857,000 had been sold. Interest, It Is stated, is guaranteed during con
struction and for two years after com pletion o f entire system by W in. Kcnefick (Construction) Co. of Kansas City, Mo. V . 88,.P -0 8 6 ; V . 90, p. 977.
1171 1363
The M. O. A G. R y. o f Texas 5s ($1,000,000 authorized Issue)
guaranteed by the M. O. A G. R y ., are secured on the line between Red
River and Denison, T e x ., 9 miles; bridge over the Red River under con
struction, and any additional lines to be built In Texas, being Issued by a
separate co ., to meet legal requirements. V . J l , p. 1328: V . 93, p. 1022.
E A R N IN G S.— For year ending June 30 1912, gross $891.03!). net, $50.
821. In 1910-11 (227.89 aver, miles), g r o s s , $753,853, net $62,918, other
income, $3,450; lnt., taxes, A c., $422,63b; bal., d ef., $3o6,268.
O F F IC E R S .— Pres., W m . Keneftck. Kansas City, M o.; V .-P . and Treas.,
W . P. Dewar; Sec., E. It. Jones. General offices, Muskogee, Okla.—
(V . 92, p. 1500; V . 93, p. 469, 1022, 1726; V . 94, p. 488.)
(1) MISSOURI PACIFIC R Y .— (See M a p .)— Operates an Important sys
tem extending westerly and southwesterly from S t. Louis, M o., including
main lines from St. Louis to Pueblo, C o lo .,8 9 6 miles: Kansas City to Omaha
N eb., 216 m ., and branches In Missouri, Kansas and Nebraska.
1hiough
the St. Louts Iron Mt. A South., which It controls connection Is had with
Texas and the lines of the T ex. A P a c., Intcrnat. A Gt. North, and the St.
Louis Southw., the whole form ing what Is known as the Gould System.
Leased Lines, & c.—
" Miles.
Lines Owned—
Miles.
44
St. Louis to P u eb lo____________ 896 Boonvllle St. Louis A Southern
9
Kansas City, M o., to Om aha___ 216 Kiowa Hardtner A Pacific R y .
84
Other main lines and branch es.2 ,669 Trackage to St. Joseph, A c____
Total Missouri Pacific and branch lines-------------------------------------------3,918
Also controls St. Louis Iron Mtn. A South, and leased lines, 3.315 miles.
Grand total Missouri Pacific mileage June 30 1912, 7,233 miles.
In June 1911 acquired the stock of Boonvllle St. Louis A Southern R y .,
Boonvliie to Versailles, M o.. 44 miles. V . 92, p. 170l:V . 93, P- 229.
In July 1912 made a Joint traffic agreement with the Chicago A North
Western R y . for handling through trains In both directions between the
Twin Cities and Kansas City, via Omaha and Sioux City. V . 95, P - 111.
The Missouri Pacific R y . Co. owns about 40% of the stock of the Denver
A R io Grande R R . C o., the latter extending from Pueblo to Salt Lake City,
while the D. A R . G. R R . Co. owns a m ajority of the stock of the Western
Pac. R y. C o., whose line, extending from Salt Lake City to San hrancisco,
was com pleted in 1910, making a line from St. Louis to San hrancisco.
O R G A N IZA T IO N .— Merger In 1909 of old Missouri Pacific and branches.
V. 85. p. 1646; V . 89, p. 348; V. 91. p. 1705.
. „„
T i, ™
Early In 1912 new men representing Speyer A C o., Blair^A Co., John D .
Rockefeller and Deutsche Bank, became directors. V. J 2 ,p . 402, 726,
795, 1109.
D IV S.1’82. ’83-’ 87. ’88. ’89. ’ 90. ’91. ’92-’00. ’01. ’02-’07.
1908. None
P e rct.J 6 H 7 y ly . 5 K 4
4
3
None. 2 H 5 yly. 2 A stk. since.
BON DS.— The consol, mortgage Is for $30,000,000; balance unissued Is In
trust to redeem prior bonds If deemed best. Abstract In V . 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Co . of New \ ork, trustee)
are secured by mortgage bonds of new roads at $12,000 or $15,000 per mile,
these embracing tine Fort S cott, K an., to Pueblo, Colo., A c. V .4 0 . p.678.
The 4s of 1905 are limited under the “ first and refunding” mortgage to
the $37,255,000 outstanding: they arc secured by an equal amount at par of
Iron Mtn. stock. Compare V. 80, p. 712; V . 86, p. 1344; V . 89, p. 1347.
84
R A IL R O A D C O M P A N IE S .
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Mo Pac System — St Louis Iron Alt & Southern R y —
Gen cons & first guar mtge (345,000,000) g - - Ba.c* 1,538 ’81-’87
do
do
gold stamped guar prln & ln t— c* 1,538
Unifying & refund M gold S 40,000,000--M p .xc*& r 1,543 1899
739 1903
Klver & Gulf Dlvs 1st M 550,000.000 g-B a .x c*& r
1912
1st and ref. M $200,000,000 authorized.................
1903
Car trusts ser O and P ----------------- -------------------------’05-’06
do
do Ser It to U, part yearly----------- — 1907
do
do
gold $306,000 June yea rly .B a.c&
1912
do
do Ser 2 due $142,000 seml-an red par.C
2 1891
Little R ock June 1st M assum ed------------------- Ba-C
1903
44
Pine Bluir & W est 1st M assumed red 10 years 105. 53 1899
Little R ock & H ot Sp IstM gold a ss u m e d ----S S t
Mobile & Birmingham R R — Pref stock ($ 9 0 0 ,0 0 0 )---150 1895
150 1895
Mobile & Ohio— S tock --------------- -r
472 1879
First M Mobile to Columbus (principal g o l d ) ..- F .c
527 1883
527 1888
189 1897
1900
159 1886
38 1899
1911
1st term and coll tr M $1,200,000 g due $60,000 s-a
Equip tr Ser “ A ” sinking fund
Ser “ B ” sinking fu n d1905
1906
1912
Ser “ F ” $22,000 and $23,000 s-a .
guar (V 84, P 996).
1902
Joint equipment notes, last Installment1910
182 1892
1902
Consolidated mortgage
37 1902
M o n o n g a h c la R R — First A]
M o n ta n a W y o m in g
33
1909
Amount
Outstanding
Par
Value
Rate
%
When
Payable
A & o
5 g
$1,000 $37,180,000
A AS O
5 g
5,994.000
1,000
Al J
J
4 g
1,000 30,551,000
M AS N
4 g
1,000 &c 33.536,000
J & J
6
See text
49,000
5
Q — AI
1,000
5
986,000
Q M
1.000
5 g
1,830,000
Q VI
1,000
M <Sc N
5
2,556,000
1,000
A As O
6
435,000
1,000
A As O
5 g
880,000
1,000
J As J
1,140,000
4 g
1,000
J Ac J
4
900,000
100
& J
J
600.000
200, 1000
5 g
J & J
4
1,200,000
200,1000
0,020,600 See text Sec text
100
J & D
7,000,000
6
500 &c
1,000,000
6 g
Q - -J a n
1,000
M & S
9,472,000
4 g
500 &c
F
As A
5
g
4,000,000
1,000
2,498,000
Q— F
4 g
1,000
J A: J
4 g
4,000,000
500 &c
M As N
5 g
200,000
500 &c
F & A 15
5 g
1,020,000
M & N
5
456,000
A & O
5
500,000
& J
J
4
199,000
1,000
318,000
4 H g M As S
1,000
M As S
428,000
5 g
365.000
& D
J
4
9,500
M fc s
415,000
6 g
1,000
M As s
2,500,000
4 g
1,000
3,900,000
3M g M As s
1,000 &c
1,324,000
3 H g A A: o
1,000
1,000
The first refunding mortgage of the Kansas <& Colorado Pacific made In
1908 (V . 86, p 2297286; V 88, p. 452) Is limited to $50,000,000 (at not to
exceed $30,000 p. m „ including $15,544 p. “ . of prior underlying bonds);
$20 687.000 bonds secured thereby were Issued, but of these $16,71o,000
have been pledged under the new Missouri Pacific "first and refunding ’
m ortgage; $23,532,000 to retire underlying bonds of constituent companies
at present held b y trustee of M o. Pac. R y . coll, trust 5s of 1917 and 1920,
$6,781,000 reserved for exten. or lm provt. V . 90. p. 1171: V . 91, p. 337.
T he “ first and refunding” bond3 of the Missouri Pacific R y . C o., dated
1909. are limited to a total of $150,000,000, bearing Interest to be fixed, for
successive Issues at not to exceed 5 % , and, if desired, with conversion rights.
See circular, V . 89, p. 1347; V . 95. p . 813. Subject to call at 110 and
interest on any interest day beginning Sept. 1 1917, either as a whole, or In
amounts equal to the pledged St. L. Iron M t. & Sou. bonds In case these
last should be redeemed. The Immediate issue consists of $39,806,000 o %
Scries A bonds convertible at face value at holder’s option Into stock at
par from Sept. 1 1912 to Sept. 1 1932, and within such period up to 30 days
of date of redem ption, If called for paym ent, of which $29,806,000 have
been sold and $10,000,000 deposited under notes of 1911. Sec General
F inances."
Total Authorized Issue of $150,000,000 First and Refunding Bonds.
Issued as Series A 5% convertible bonds (1) $19,700,000 upon
deposit of a like am ount of underlying bonds (Including
$16,715,000 of the $20,687,000 Kan. & Coi. Pac. bonds here
tofore certified, thus providing for paym ent of floating debt
and not less than $4,053,000 for impts. (V . 90, p. 1296)----------524,o06,000
Reserved to refund a like am ount of underiving bonds
.......... 60,293,000
Reserved to provide premiums, & c., if required in refunding- „
4,640.500
Reserved to retire a like amount of equipment obligations------ 6,500,000
Reserved (together with any bonds not required for refunding)
for extensions, betterments and equipment and bonds secured
b y first mortgage on union depots, stations and terminal fa
cilities under careful restrictions (see note b elow ).................... 48,060,500
N ote.— Bonds converted Into stock and canceled, but only to an aggre
gate of $40,000,000, m ay be re-lssued for additions, equipm ent, &c.
The issue is secured by a direct lien on 3,779 miles first main track and
952 miles o f other track, subject to $66,293,000 underlying bonds, also
subject to certain underlying bonds on the entire equipm ent valued a.t
$18,621,297, and all other property now owned or hereafter acquired.
They arc a first lien at once on 165 miles of first main track and after
retirement, on or before N ov. 1 1920, of $43,025,000 of_thc underlying bonds,
on at least 3,079 miles of the present mileage o f 3.779 miles b y a direct
mortgage on 1,712 miles thereof, and deposit of at least 538,441,000 of a
total limited to $43,219,000 bonds secured by first m ortgage on 1,367 miles
No underlying bonds In hands of public can be extended.
The $25,000,000 3-year 5% gold notes of 1911 are secured b y deposit of
$19 500 000 St. Louis Iron Mtn. & Sou. 1st & ref. 6s and $2,500,0()0 Iron
Mtn stock, $1,972,000 M o. Pac. 1st & ref. 5s, Ser. B (non-convertible)
59 800 000 com m on and 515,000,000 Denver & R io Grande pref. stock
anil 55,000,000 Texas & Pacific com m on stock, $828,380 Texas & Pacific
R y . 5 % gold notes, due June 1 1914; $550,000 Concordia Coal Co. 1st M.
5 % bonds; $150,000 Baring Cross Bridge Co. 7% stock; $125,000 Pueblo
Stock Yards Co. stock and 51,000,000 Western Coal and Mining Co. stock.
^ T he’collateral m ay be withdrawn against valuations fixed in the agreement
or changed with the written assent of Speyer & Co. The St. L . I. M. & So
cannot Issue any additional bonds, notes or evidence of debt without the
anoroval of Speyer & Co. The remaining notes are reserved against the
deposit of additional collateral. V . 92, p . 1436; V . 94, p. 827, 1057.
In Feb. 1912 the com pany was authorized to issue $2,415,000 of a new Is
sue of $6,415,000 equipment bonds, to reimburse the com pany for m oney
paid for equipment out of funds from other sources than bond Issues.
V . 94, p. 631; V . 93, p. 1260.
G E N E R A L FIN AN C ES.— The com pany on June 30 1912gowned 52.000.
000 Wabash R R . pref. stock and the St. Louis & Iron Mtn. $7,826,200 pref.
and $2,826,200 com . stock and $2,91.3,200 first refunding and extension
bonds. See Wabash R R . Stockholders In Jan. 1910 isubscribed for:$2 9 .806,000 Ser. A convertible "first and re f." 5s at 95. V . 89, p. 1347, V . JO,
P The m ortgage debt upon lines securing the new "first and refunding
m ortgage, after the Issue of the $29,806,000 Ser. A bonds, l^ lu d ln g all
outstanding underlying bonds, was at rate of about $2o,5UU pci nine
° f I ^ M a v T o i ’l $20,000,000 3-year 5 % secured gold notes were sold and In
M ch. 1912 $5,000,000. As to new St. L . I. M. & S o. R y . refunding; M.
(auth. issue $200,000,000). see that co. V . 94, p . 1249; V. 92, W 1430.
V 94 p. 827. In June 1911 D env. & R io Grande dividends were suspended.
V . 92, p. 1636.
E A R N IN G S .— For 2 m os. ending A ug. 31:
2 M os.
Gross.
N et.
Oth. Inc.
Charges.
Bal., Surp.
1912_______ $10,796,836 $3,002,001
$335,050 $3,062,735 sur.$274,316
1 9 1 1 ............ 9,196,920 1,639,972
280.668
3,028,710 d e f.1 ,108,070
A N N U A L R E P O R T .— Fiscal year ends June 30. R eport for year ending
June 30 1912 in V. 95, p. 813. Annual meeting Is held at St. Louis in
March. R eport of earnings of Missouri Paciilc System have been as below,
including predecessor companies of present Mo. Pac. prior to A ug. J 1J0J.
“ Other Income” In 1910-11 Includes: Wabash 1st ref. and ext. m tge.,
$116,520; Pacific E xp. C o., $348,000; Denver & R io Grande. $245,12o. &c.
1911-12.
1910-11.
1909-10.
1908-09.
Miles operated, average.
7,231
7,235
6,775
0,489
T otal earnings....... ...........$54,503,250 $52,776,593 $53,019,137 546,385,543
Not earnings____________ 13,222,652
9,446,656 15,471,765 12,459,030
T o ta l net Incom e............. $13,095,885 $9,186,342 $15,365,408 $12,393,988
I n te re s t________________$13,434,924 $12,213,266)512,605,997 $11,329,479
Rentals and miscellaneous 1,640,053
2,205,615/
Balanoe.......................... def. $1979092 def. $5232539sur. $275941 lsur. $1064509
[ VOL. L X X X X V .
R A IL W A Y STO C K S A N D BONDS.
900,000
P rci
5 g
M
&
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Bankers Trust Co, N Y
do
do
A pr 1 1931
do
do
July 1 1929
do
do
May 1 1933
July 1 1952
Townsend, W helen & Co
T o June 1913
do
do
T o June 1917
B ’lcersTrCo, N Y or Phlla
T o June 1917
T o N ov 1 1921 Central Trust Co, N Y
Bankers T r Co, N Y
Apr 11916
New York and St Louis
Oct 1 1923
St Louis and Philadelphia
July 1 1939
July 1 1912 2 % JP M organ& Co.N Y .& Lon
J P Morgan & Co, N Y
July 1 1945
do
do
July 1 1945
June 27 ’ 1 2 ,4 % W ashington, D C
Farmers L & Tr Co, N Y
Dec 1 1927
do
do
July 1 1927
Hanover Nat Bank, N Y
Sept 1 1938
do
do
Feb 1 1947
Guaranty T r. C o., N . Y .
May 1 1930
Farmers Loan & T r, N Y
Jan 1 1931
First Nat B k, Mobile, Ala
May 1 1949
T o Feb 15 1921 Guaranty Trust Co, N Y
Farmers L & T r Co, N Y
May 1 1919
do
do
Oct 1 1919
Jan '1 3 -J u ly ’ 15 Guaranty Trust Co, N Y
do
do
M ch'13-M ch *16
Mch ’ 13-Mch *22
do
or St Louis
A pr '13-O ct ’ 14
Equit Trust Co, N Y
Dec 15 1912
Mobile and New York
Sept 1 1935
Col mb Knlck Tr C o,N Y
Sept 1 1991
Grand Cent Term , N Y
Mch 1 2002
Treas. office, Plttsb, Pa
Oct 1 1942
s Sept 1 1939
Empire Tr Co, N Y
Beniamin F. Bush; Sec. and Treas., A . II. Calcf
(2)
M IS S O U R I P A C IF I C S Y S T E M — S T . L O U IS IR O N M O U N T A I N &
S O U T H E R N R Y .— (See M a p .)— Owns St. Louis to T exarkana, A rk .,
490 miles; St. Louis to Thebes, Paragould to Clayton J et., L a., L ittle
R ock to Lake Charles, L a., Little R ock to Oklahom a-Kansas State Line.
Gordon, A rk., to VIdalla, L a., and Diaz to Carthage, M o.; total main line
mileage, 2,152.93 m .; branches In Missouri, Illinois, Arkansas, Louisiana.
979.65 m .; total owned mileage July 1 1912, 3,130.58 m .; trackage and
under lease, 184.78 m .; total operated mileage July 1 1912, 3.315.36 m.
The stockholders voted February 2 1910 to (1) purchase the Arkansas
MMiflml Little Rook As H ot Springs W estern, Pine Bluff As W estern,
St. Louis W atkins As Gulf. Arkansas As
to ^ o n ^ m o o o 1
roads: (2) Increase the authorized stock from $130,000,000 to $190,000,000.
V 0SwnsP$235,703.000 of the 524,984,756 Texas & Pacific seconds exchanged
for 65% In gold 4s. See "B on d s” below.
S T O C K .— Stock authorized, 5190.000.000; Increased from $130,000,000
In July 1911; outstanding, $44,390,573, of which $44,336,704 June 30 1J1-.
owned b y Missouri Pacific. See below.
D IV ID E N D S .— 1902 to 1904.10% yearly; 1 9 0 5 ,7 % ; year 1905-00, 14% ;
1906-07, 10% ; 1907-08, 5 % ; 1908-09, 4 % ; 1909-10. 6 % ; 1910-11, none;
1JB ON DS.— General consolidated m ortgage Is for $45,000,000. N os.
11,001 to 18,000 Inclusive are endorsed with the Missouri Pacific guaranty of
principal and Interest: form of guaranty was in V . 6 6 , P - 050; they are a
first lien on 1.538 miles. V . 68, p. 85, 233, 520; V . 78, p. 704, 1224.
The gold 4s of 1899 (first Issue $30,000,000) m ay be Increased not over
510.000,000. at $12,000 per mile, for construction or acquisition and equip
ment of branches and extensions. 'They are secured by a lien (subject only
to the general consols) on all the railroads, terminals and equipment of the
com pany owned at the time of the making thereof and also a first and only
lien on all stocks and bonds form erly em braced In the
Ing note Indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and $23,668,000 Texas & Pacific seconds, future exten
sions. &c. V . 68. P. 619; V . 70. p. 997; V . 74. p. 206; V . 78. n. 704. 1224.
Thorp are also S37 905 first pref. 7%> Income bonus elated lo 7 J .
The original $20,000,000 River & Gulf Divisions 4s of 1903 were secured
b y a first lien on 078 miles of road built or under construction (see above)
and on terminal property at St. Louis, East S t. Louis, Cabo and Thebes,
and 8,000 acres of coal lands In Illinois, and deposit of the bonds of the
Union R v . of Memphis. Additional bonds m ay be ssued up to a total of
$50,000,000,at not over $30,000 per mile of main line, for new construc
tion and 515,000 per mile of second track and branches, but not exceeding
the actual cost, and for additional terminals, equipm ent, double tracks, &c.
V . 7C
‘ “ “
” **” * *
‘
"" " ”
2036.
V. ‘
Ul T h e°n ra t^ n d ^ efu n dln g bondT of 19?2 ($200,000,000 £Uth . Issue) have
intorpqf limitofi tr>
of which S27.097.000 arc Issuable to rcthe the $11,-
and the remaining $19,500,000 deposited iy lCiCRno^lOO^imprwem'enTbonds
M o. Pac. notes dated June 1 1911. Ih c $11,300,000 lm piovem ent bonds
and $8,500,000 3-year notes have been retired.]
Purposes for which Remaining $172,903,000 Bds areReparted as Reserved.
Refunding $134,389,000 underlying bonds Issued or Issuable, viz
General consol, railway and land m tge. bonds------------------------ $ !•).. OJ.OOO
U nifying and refunding bonds......... - - ....................................... - r.n’nnnrinn
River and Gulf divisions 1st M. b o n d s - - - ................................. - oO.Ul)),() ()
Pine Bluffs & Western R R . 1st M. b o n d s - - - - -------- ---------------880,000
Refunding equipment obligations at
inn n n m
T o aid In refund'g, extend'g or rctlr g undejly!inff
10-000,000
Future acquisitions and additions, new rolling stock, real estate
under restrictions in m o rtg a g e -----------------------------------------------zg,o»b,uuu
E A R N IN G S — For 2 months ending Auk 31
Charges.
B a l.,surp.
2 Months.
Gross.
-Vef.
Otn.inc.
$284,987
1 01 2 ________ $5,780,631
$1,762,556 530,337 $1,507,900
1,449,546 def. 159,023
1011 ............... 4,782,353
1,223,849
08,037
R E P O R T .— For 1912 In V . 95. D. 814.
1909-10.
1910-11.
Years ending June 30—
q q'i
3,313
3,288
Gross n n d n n ^
° f yCar.................. :$30,102,’ l l 5 $28,567:821 $26.916i891
Ne?
.................................... - 9,915,129
7,980.765
9,298,528
n?£p®a™pp£?.-«,......................................
566,544
503,310
571,519
T o ta f net I n c r n n c .-I ll” I - - - - - - - - - - 10.481.87S
8.490,075
9,870.047
5,383.356
5,116;301
Interest on bonds___________ - - - - —
o ’ oai t$v\
2,288,143
1,006,490
Taxes, bridge expenses, rentals, & 0 -. .
............(6)2,663,467
D iv id e n d s ................................................ (4) 1,775,04 J
Balance surplus for vear
..........
$340,928 „ $818,576
$483,789
94 p 120(); V !H P : 1250' V . 95. p. 112. 176. 818.)
MORII F
BIRM INGHAM R R . — (See M ap Southern R y .)— Mobile to
M arlon Junction, A la . .w ith b ra n ch e s , 150 miles
Leased to Southern R y.
from March 1 1899 for 99 years, the latter.a.Km A n L to.
bonds and to guarantee a dividend on the $J00,00() pref. stock of 1%
first year, 2% for second year, 3 % for third year and 4 % for fourth year
and thereafter. Of the $900,000 com m on stock, 5894.900 Is owned b y
Southern R y ., and voting power on pref. assigned to Southern R y . during
lease. V . 68. p. 429, 1134; V . 69, p. 391; V . 71. p. 1 0 1 3 — (V . 72. p. 1373
- fv .
O c t ., 1912.)
85
RAILWAY STOCKS AND BONDS,
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Dale
Road Bonds
1866
M ontgom ery & Erie Ry— 1st M (old 7s extended In’ 86)
___ 1908
Morcliead & North Fork RR— 1st M gold — - - - - ------ :
55 1903
Morelia & Tacam baro— First M gold(see text) .U sm .c*
102 1878
M organ’ s La & Texas— First M (N O to Morg O -F .c *
157 1880
First mortgage Alexandria Extension gold ..............F
201 1893
General m ortgage__________________..— ------------- F
__ 1902
M organtown & K ingw ood— 1st M $125,000--------------1905
1st mortgage $1,500,000------------------------------------------Morris & Essex— Stock 7 % guaranteed D L A W -----119 1864
First mtge guaranteed under lease----------Ba.cAr
119 1875
Cons M (for $25,000,000) guar D L A W _ ..U s .c * A r
119 1900
First ref M gold $35,000,000 guar pAI (end) _F.c* Ar
2
Morris A Essex extension stock guaranteed 4 % -----1903
Morristown & Erie— First M $300,000 g s f red p a r ..
Mt Carbon & Port C RR— Stock (rental guar) t e x t . . .
’0 7-’ 11
Mount Hood RR— 1st M $500,000-----------------------------Munising— First mortgage gold ........................................
38 1900
1910
Aluscatinc North & South— 1st M $1,000,000 auth__
1911
Syndic notes call 101 bet Oct 1 1913, thereafter par
37 1886
Muskegon Urand Rapids & Indiana— First M goiu.C e
1904
Mutual Terminal— 1st M gold s f red 102JS--G.C*
Nashua & Lowell— Stock 9% rental 92 years I) & M ._
15
Nashville Chattanooga & St Louis— S tock ................ ..
340 1873
First mortgage (for $0,800,000)_______________ o*&r
125 1877
First M on Fayette and McM brs ($6,000 p m) _c* Ar
29 1877
First m ortgage on Lebanon B ranch______________c*
43 1883
First mortgage on Jasper B ranch______________Ce.c*
46 1883
F'irst mortgage on Centreville Branch gold.C e.c*& r
20 1887
1st M Tracy Cy Br due $20,000 yly; rem 1917.c*A r
803 1888
Cons mtge ($20,000,000) $20,000 p m gold — Us.c*
119
Nashville & Decatur— Stock guar 7 1*% by L & N .._
Nashville Florence & Sheffield— See Louisville & Nash vllle
. . .
1902
Nashville Terminal— First mtge gold lnt rent red 105.
1909
New m ortgage $3,000,000 authorized--------------------N
Par
Value
$1,000
1,000
1,000
1.000
1,000
1,000
500
500 Ac
50
250 Ac
1.000
1,000
100
1,000
50
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
25
1,000
MOBILE JACKSON & KANSAS C I T Y — See New Orl. M ob. A Chicago.
MOBILE & OHIO R R .— (See M ap Southern R y .)— Owns from Mobile,
Amount
Outstanding
Rate
%
When
Payable
M
$130,000
5
F
373,000
5 g
1,200,000
5 g
J
4,935,000
7
A
1,494,000
J
6 g
1,000.000
5
J
) 40,500
5
J
1,500,000
5
J
15,000,000
7
J
5,000,000
7
M
11,677,000
7
J
15,400,000
3 H g ,r
221,000
4
M
285,000
5 g
M
282,350
5
J
500,000
6
J
160,000
A
See text
5 8
425,000
6
A
750,000
5 g
J
3,341,000
J
4 g
800.000 See text M
10.000,000 See text F
6,300,000
7
J
750,000
6
J
300,000
6
J
371,000
J
6 g
376,000
J
6 g
180,000
6
J
7,608,000
A
5 g
3,553,750
7 Vi J
1,000,000
N oneJne’ 12
5 g
J
A
A
A
A
A
A
A
A
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
A
Last Dividend
and Maturity
N May 1 1926
A F eo 1 1958
J Jan 1 1943
O A pr 1 1918
J July 1 1920
J July 1 1913
J Jan 1 1922
J Jan 1 1935
J July 1 ’ 12,31*%
N May 1 1914
D June 1 1915
D Dec 1 2000
N N ov 1 ’ 12, 2%
S Sept 1 1923
J J u ly l5 ’ 12,2 1* %
,T Jan 1 1927
O Oct 1 1925
Jan 1 1935
O Oct 1 1914
J July 1 1926
,T July 1 1924
N N o v i ’ 12, 5%
A Aug 1 ’ 1 2 ,3 )* %
J July 1 1913
J Jan 1 1917
,T Jan 1 1917
,T Jan 1 1923
<TJan 1 1923
,T Jan 1913 tol917
O Apr 1 1928
J Julyl912, 3 % %
J July 1 1932
May 1 1949
Places Where Interest and
Dividends are Payable
Goshen, N Y
Clearfield(Pa) Trust Co
U S Mtge A Tr Co, N Y
S P Co, 165 B ’way, N Y
do
do
do
do
Bk of Mon V al, M org.W V
Davis Tr Co, Elkins, W V
Del Lack A W estern, NY
do
do
do
do
do
do
do
do
Brooklyn Trust Co, N Y
Reading Terminal, Phlla
Ogden (W ash) Sav Bank
American Trust Co, Cleve
Cont A Com T rA SB.Chlo
W inslow, Lanier A Co
U S Mtg A Tr Co, N Y
Indian Hd Bank, Nashua
New York and Nashvllte
Hanover Nat Bank, N Y
do
do
do
do
do
do
do
do
do
do
do
do
Nashville
Mercantile Tr Co.StLoula
1910; trackage to Alexandria, A c., 29 miles; total, 404 miles; steamship
lines and ferries, 313 miles.
A la., to Columbus, K y ., 472 m ., proprietary line, K entucky & Tenn. RI1.
O R G A N IZ A T IO N .— So. Pac. Co. owns the $15,000,000 stock. Dlv.
to East Cairo, 19 m .; branches to Columbus, Miss., & c., 34 m .; Columbus,
1906-07, 10% ; 1 9 0 7 -0 8 .2 5 % : 1 9 0 8 -0 9 .4 % : 1 9 0 9 -1 0 .5 % ; 1 9 1 0 -1 1 .6 % .
Miss., to M ontgom ery, A la., 167 m .; Mobile & Bay Shore Branch, 38 m.;
E A R N IN G S .— 12 m os., J1911-12___ Gross, $5,008,093: net, $1,209,018
with W arrior Branch, 9 m .; W arrior South. R y . (all stock and bonds
July 1 to June 30.
11910-11___ Gross, 5,001,636; net, 1,594,684
In year ending June 30 1911, gross, $5,091,736; net, lncl. other Income,
ow ned). Tidewater, A la., to Keller man, 14 m .; B locton Branch, 13 m .; total
$1 575.193: surplus over charges, $768,662.— (V. 76, p. 543.)
owned, 766 m .; St. Louis A Cairo (leased), Cairo to St. L ., 152 m ., with br.
to Mlllstadt, 7 m .; trackage, 189 m .; total June 30 1912, 1,114 miles.
MORGANTOWN & KINGW OOD R R .— See page 141-2.
S TO C K .— Stock authorized, $10,000,000; outstanding, $6,020,600; par,
A10RRIS & ESSEX RR.— (See M ap of Delaware Lackawanna A Western.)
$100. The voting power on $4,984,200 of the stock Is exercised b y the gen
— Owns from H oboken, N. J ., to PhlUIpsburg, N. J ., 85 miles; branch, Deneral mortgage bondholders by virtue of deposit of old debentures of 1879.
vllle to H oboken, N . J ., 34 miles; leases 38 miles; total oper., 157 miles.
D IV ID E N D S .— 1898, 1 % ; 1903. 2 % ; June 1904, 2 % ; 1905, 6 % ; 1906.
L E A SE D In perpetuity to Delaware Lackawanna A W estern, which
5 1 * % ; 1907, 5 % ; 1908, 4 % ; 1909, June, 2 1 * % ; 1910 to 1912, June, 4 % ,
assumes all liabilities and guarantees 7 % per annum on stock; 1% extra Is
In 1912 the Southern R y . had acquired $8,197,000 of the $9,472,000
payable In the event of 30% of gross earnings being sufficient to pay all
general 4s and $5,670,200 of the $6,070,600 stock, Issuing, $ for $, Its col
Uxed charges and 10% on outstanding stock.
lateral trust 4 % gold bonds In exchange for the M. & O. general 4s, secured
BO N D S.— 1st ref. 3 >*s, V . 70, p. 480. 477; V . 71. p. 1167; V. 74, p. 1308.
b y a pledge of the latter and also stock trust certificates for stock, dividends V . 94, p. 560.
being payable (A . & O.) at 4 % In perpetuity thereafter.
E A R N IN G S .— Im portant to D. L . A W . with terminal facilities on N. Y .
Harbor, but the earnings show a deficit after paym ent of rental (Including
BON DS.— Under the general mortgage of 1888 there can be no foreclosure
$1,050,000 dividends), v iz.: In 1908, $789,564; in 1907, $761,634; In 1906,
till four coupons are In default. Mortgage abstract, V . 47, p. 83. V . 60, p.
$888,526; In 1905, $585,394; In 1904, $673,172.— (V.82, p. 805; V. 94, p.560.)
967. Int. on $4,000,000 St. Louis A Cairo 4s Is guaranteed. The 5%
equip, notes dated O ct. 1 ’07 arc guar, b y A m . Car. A F d y . Co.; V . 84, p.996.
AlORRISTOWN & ERIE RR.— Owns Morristown, N. J ., to W hlppany,
Of the $2,500,000 collateral trust 4s of 1900, $2,165,000 were Issuable In 4 m .; b r., 9 Jf m . Stock, $400,000; par, 5100. Bonds, see (able above.
exchange for the $6,500,000 St. Louis A Cairo stock. See V . 70, p. 532. For year ending June 30 1911, gross, $80,794: net Income, $36,139; Interest,
In 1912 $6,495,000 stock had been exchanged.
on bonds, A c., $20,433; bal., sur., 515,707. P res., R . W . McEwan,
First term. M. and coll, trust 5s of 1911, see V . 92, p. 119.
11 B roadway, New Y o rk .— (V . 77, p. 511.)
E A R N IN G S .— 2 m os.,/1 9 1 2 ________ Gross, $1,950,927; net, $508,560
A10UNT CARBON & PORT CARBON RR.— Owns Mt. Carbon to Port
July 1 to A ug. 31. 11911________ Gross, 1,793,904; net, 461,254
Carbon, P a ., 2.39 m .; 2d track, 2.37 m .; total track, 15.40 miles. In 1910
R E P O R T .— Report for 1910-11 In V . 93, p. 1101 (oper. Independently): re-leased to Phlla. A Reading for 999 years at 5 % on stock, taxes and cor
porate expenses. (V . 89, p. 42.)
Years ending June 30—
1911-12.
1910-11.
1909-10.
Total operating revenue...........................$11,207,732 $11,197,347 $10,636,733
MOUNT HOOD RR.— H ood River to Dee, O re., 16.4 miles. Incorp. F eb.
Net over t a x e s . ........................................ 2,719,059
2,988,242
2,902,902
23 1905 In Utah. Stock, $250,000; par, $100. Bonds (authorized, $500,
N et, Including other Income...............
2,949,032
3,218,430
3,132,782 000); see table a bove. Year ending June 30 1911, gross, $87,414; net,
Interest, rentals. A c . ............................... 2,524,961
2,604,581
2,580,195
$52,139; lnt., taxes, A c., $44,409; bal., sur., $7,730. President, W . H .
Dividends p a id ......................................... (4)240,824 (4)242,824 (4)242,824
Eccles, Dee, Ore.; Sec. and Treas., H . II. R olapp, Ogden, Utah. O ffice,
Additions and betterments___________
10,751
8,335
28,432 Ogden, Utah.
NORTH & SOUTH RY.— Muscatine. Ia ., to Burlington,
Balance, surplus_________________
$172,496
$362,690
$281,331 55 MUSCATINE
miles, the extension from Kingston to Burlington, 14 miles, being opened
— (V. 91. p. 1026. 1150; V. 92, p. 118, 396, 462. 1022, 1101.)
early In 1912. This Includes 4.6 miles trackage, the com pany owning a
MOBILE TERMINAL & RY.— Owns 24 acres fronting 700 feet on Mobile parallel right of way on 4 miles. A reorganization Jan. 1905. V. 80, p .
(Ala.) harbor. Stock, $500,000; par, $100. The 1st gold (is of 1910 1059. Stock. $450,000; par, $100.
($500,000 auth. Issue), of which $250,000 outstanding are guaranteed,
In June 1910 filed a $1,000,000 mtge. to German Trust Co. of Davenport,
prln. and lnt., by the Alabama Tennessee A Northern and Tomblgbee Iowa, as trustee, the $800,000 bonds Issued thereunder and all of the stock
Valley RRs. V. 91. p. 717. Pres., John T. Cochrane.— (V. 91, p. 717.)
being deposited under the $425,000 3-year 6% syndicate note issue (see
MOHAWK & MALONE RR.— (See M aps New York. Central.)— Owns table). V. 93, p. 796: V . 90. p. 1677: V. 93. p. 589, 796, 1534.
For year ending June 30 1911 (41 m iles), gross, 572,184; net, $1,441;
from Herkimer, N. Y., to Malone, with branches, 182 miles In all.
taxes, $2,842. In 1909-10, gross. $66,922; net, $333. Pres, and Gen.
H IS T O R Y , LE ASE , Ac.— New York Central owns the $5,000,000 stock
M
gr.,
Charles H oward: S ec., J. A . Coe; A u d .,A H .K ohlhainm er. O ffice.
on which dividends of 4% yearly are paid. In 1902 a new lease In per
petuity was made and $10,000,000 31*% consols authorized, of which $2, Muscatine. Ia.— (V. 93. p. 589. 796. 1534.)
MUSKEGON GRAND R AP ID S & INDIANA R R — Owns road. Grand
500,000 reserved to retire at maturity the first mtge. bonds and $3,600,000
Rapids to Muskegon. Mich., 37 m .; trackage, G. If. A Ind at Grand Rapids,
for Improvements and enlargements.— (V. 74. p. 630, 830, 937.)
3 miles. Operated by G. R . A Ind. R R ., which was foreclosed In 1896;
’ ’MONON.” — See CHICAGO INDIANAPOLIS A LOUISVILLE R Y.
consideration, net earnings. Stock auth., $350,000; par, $100; Issued,
MONONGAHELA RR.— Brownsville, Pa., to Redstone Jet., 37 miles, $ 1,003. Coup, of July 1912 paid July 1912. Earnings for cal. year 1911
connecting with the Pittsburgh A Lake Erie and Pittsburgh Virginia A gross,$218,798; net, 579,364; other Income, $441; Int., taxes, A c., $62,339
Charleston (Penn. syst. lines), which guarantee the bonds (see II. A O. R R .), betterments, $10,261; bal., surp., $7,205.— (V. 90, p. 560.)
prln. and lnt., by endorsement. Two branches opened in 1911, 41* miles.
A1UTUAL TERA1INAL CO. OF BUFFALO.— Owns 5.22 acres of land
Stock, $1,428,000: par, $100. Penn. RR. and Pittsburgh A Lake Erie each with
feet of frontage on the city ship canal, wharves, freight house
own $714,000 stock. Penn. RR. on Jan. 1 1912 owned $638,000 of the and a 1,486
steel and brick grain elevator, capacity 3.000,000 bushels; also all the
bonds. Cal. year 1911, gross, $1,175,997; net, $591,812: charges $237,979. stock and
bonds of the Mutual Transit C o., owning 12 steamer s on the Great
AlONTANA WYOMING A SOUTHERN RR.— Owns from Bridgcr, Mont., Lakes and the Island R R . Stock, $60,000, aM owned by the N. Y. Cent.
on Northern Pacific, to Belfry, and westerly to Bear Creek, about 33 miles, A II. R . R R ., Del. Lack A W est., Lehigh Valley and Eric, which each,
serving a coal district. Stock outstanding, $1,000,000. Of the 1st gold 5s, under agreement of Jan. 2 1905 as amended, guarantee to pay one-fourth
$900,000 have been Issued on 33 miles of road, and additional bonds arc the Interest and sinking fund charges on the bonds (the latter $200,000
Issuable at $25,000 per mile, as stated In V. 89, p. 470. Equlpt. bonds yearly). Of the bonds (55,000,000 total auth.), $444,000 are reserved for
June 30 1912, $50,000. For year ending June 30 1912, gross, $175,030; future uses: $1,215,000 In Jan. 1912 retired b y sinking fund. V. 89, p. 779.
net, $78,882; taxes, $4,224; Interest, $53,165; bal., surp., $21,493. Pres.,
Calendar year 1911, gross, $1,294,547; net income (lncl. $14,741 “ other” ),
Frank S. Gannon.— (V. 89, p. 1281.)
$199,528; int., $162,143; bal., sur., $37,385. Pres., Charles M. H eald.
MONTGOMERY & ERIE RY.— (See M ap Erie R R .)— Owns Montgomery Buflalo, N. Y .; Sec. and Treas., F. H . Silvernall, 143 Liberty S t., N . Y .
to Goshen, N. Y., io miles. Leased In 1872 to Erie R R . Rental now — (V . 89, p. 779.)
$16,000 per annum.
NASHUA & LOWELL RR.— Owns double-track road from Lowell, Mass.,
Stock, $150,000. DIvs. (41*% per an.) paid May 10 and Nov. 10. Sink, to Nashua, N. H ., 15 miles. On O ct. 1 1880 leased for 99 years to Boston
fund, $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927.
A Lowell. In 1887 lease was transferred to Boston A Maine, which pays
AlOREHEAD & NORTH FORK R R . — Morehead to Redwinc, K y., 24 a rental of $73,000 (9% on stock), and In April 1911 received authority to
miles, with 6 m. branch; total, 30 miles. Incorporated in New Jersey Aug. purchase stock; In N ov. 1906 to 1912 lncl. J*% extra was paid from accumu
1905. Stock, authorized. $500,000; outstanding. $260,600; par, $100. lated cash surplus.— (V . 83, p. 970; V. 85. p. 1005.)
Bonds authorized, $500,000; outstanding, $373,000; Clearlleld Trust Co.,
N ASH VILLE CHATTANOOGA & ST. LOUIS R Y .— (See M a p .)— Owns
Clearfield, I’a., trustee; see table above. For year ending June 30 1911, from Chattanooga, T enn., to Hickman, K y ., 320 m .; branches to Lebanon,
gross, $84,906; net, $15,888; bond lnt., 517.979. President, W. B. Town A c., 519 m .; leases Western A A tlantic, Chattanooga, T enn., to Atlanta,
send, Townsend, Tenn.; V.-P., a . W. Lee; Sec. and Treas., John W. Wrig- Ga., 137 m ., and Memphis A Paducah Division of the L . A N ., 254 miles.
ley. Office, Clearlleld, Ky.
See V . 71. p. 544, 664. 864. T otal operated July 1 1912, 1,230 miles.
O R G A N IZ A T IO N .— A m ajority of the stock ($7,177,600) Is owned by
AlORELIA & TACAAIBARO R Y . — Projected from Irapuato, State of
the
Lou. A Nash., of which $5,501,500 is pledged under its mtges. W est.
Guanajuato, Met., on the Mexican Central Ry., south to Arlo, 225 miles.
Including 25 miles of slue tracks, of which 55 miles from Guanajuato to A A tl. is leased from State of Georgia till Dec. 27 1919 at $420,012 yearly.
Puruandlro, was graded In March 1909 and several miles of track laid.
D IV S.— ( ’ 95-’98. ’99-*03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l .
1912.
Concessions lncl. $4,800 Mcx. cur. per m., Ac. Stock, $6,000,000; par, 550. Since 1894.1 4 y ’ ly None
4
5
5
6 5 >* 5
6
6
6>*
Bonds ($5,000,000 auth.) lssuaole at 522,222 per mile; $1,200,000 were
In 1912, F eb., 3 % : A u g., 3)-*% .
underwiIttcn for first 55 miles. V. 81, p. 726: V. 83, p. 562. Financed by
B
O
N
D
S.—
Consol,
m
tge.
of
1888
provided
that
all
prior
bonds
should
be
Clyde D. Knapp. New York. Pres , Edson J. Chamberlain, Ottawa; Gil paid oir at m aturity; sufficient of the 520,000 p. m. are reserved for them.
bert E. Farquler, V.-P. and Gen. Mgr.; Jacob L. Greatslngcr, 2d V.-P.; Future Issues of consols will bear 4 % interest.
Clyde D. Knapp, Sec.-Treas.. 149 B’ way, N. Y .— (V. 83, p . 662.)
Jointly, with Lou. A Nash., guarantees $2,500,000 L .A N .T er. 4s. See
AtORGAN’ S LOUISIANA & TEXAS RR. & STEAAISHIP CO.— See M ap L. A N .. V. 75, p. 1354; $11,000 Aetna I. M., M. A O. 6s, V . 77. p. 2390.
o f Southern P a cific.) — ROAD.— Owns Algiers to Cheneyvlllc. 205 miles;
E A R N IN G S.— 2 m o s..11912________ Gross. $2,142,492: 'n e t , $474,407
branches, 119 m.; extensions to Port Allen, I.a., &c., 53 m., opened late in
470,721
July 1 to A ug. 31.
J 1 9 1 1 -.______ Gross, 1,990,139:8 net,
86
[VOL.
RAILWAY STOCKS AND BONDS,
R A IL R O A D C O M P A N IE S
lFor abbreviations, <fee., see notes on first page]
M iles Date
Road Bonds
National Railways of Mexico—
Com stock 575,000,000 U S g or 150,000,000 Mex pes
First pref stock 530,000,000 4 % n-c (p & d ) ___
2d pref stock 5125,000,000 5 % n-c (p & d ) ______
1907
P rior lien M U S g red 105beg’ 17 tseetext) Ce.xc*& r*
1907
Gen mtge U S gold redeem par (text) g u a r -.N .x c*
Nat R R of Mex prior Hen mtge gold call 105-U n.c* 1,284 1901
First cons M 500,000,000 gold (see t e x t )____Ce.c* 1,534 1901
1889
Mexican Central— Priority bonds gold red at 1 1 0 -F'rst cons Inc & scrip n-cum (S9,600 p m) g -A B .c* 3.407 1889
■ 2 d c o n s lno(56.400 p m )red 50% to J u ly '2 9 -A B .c* 3.407 1889
u,u' «iuu locom otive rental n otes_________________
1897
Equipm ent 5s $50,000 redeemable yearly at par.
1899
do ($50,000 yrly par( red 102)4 beg ’ 10--OB.C*
615 1897
Mex Int prior lien £1,200,000 red at p a r .-U n .x c * &r
866 1897
First cons M $16,000,000 g not guar.-/V lp.xc*& r
866 1897
do g guar stamp subj to call at 95 to Mch 1907- 1911
National R ys 2-year gold notes redeem able par-----1911
L o a n ______ _____ ________________________________
Naugatuck— See New Y ork New H aven & Hartford
1908
Nebraska Kansas & Southern— 1st M $4,500,000 gold
204 1899
Nevada-California-Oregon— First mtge $1,500,000 g .
94 1888
Nevada Central— 1st M gold non-oum Inc (sink fd) _Ce
Nevada Copper Belt R R — First M 51,000,000 g o l d . . .
1909
New England— See New Y ork New Haven & Hartford
New Haven & N orthampton— See New York New Ha ven & H artfo
12 1904
New Jersey Indiana & Illinois— First M $250,000 gold
New Jersey Junction— 1st M guar $4,0 00 ,0 0 0 --G .c& r
5 1886
New Jersey & New York— See Eric R R Co
25 1907
New Jersey & Pennsylvania— 1st M $200,000 red 105
121
New London Northern— S t o c k ---------------------------------First m ortgage_____ ______________________ Ba.c* <Scr
121 1910
W est River first mortgage guaranteed prln and Int
35 1905
Par
Value
5, £ , &c
$, £ &c
500 &c
500 &c
1,000
1,000
1,000
1,000
1,000
£100 &c
$500 &c
500 &c
5,000
500 &c
1,000
1,000
500 &c
rd
200.000
896.000
750.000
600.000
6
5
5
6
g
g
g
g
5 g
4
1,000
100
1,000 &c
200.000
1.500.000
1.500.000
75,000
5
9
4 g
4
Controlled— Securities Owned. M iles
Texas Mexican R y . ..............- 162
Leased—
M ex .U n .R y ., Coahulla Coal R y.
35
Total standard gauge________5,915
Narrow Gauge— Owned.
Citv of Mexico to Acam baro, &c. 170
Mexico to Berlstaln & branches 152
Other branches________________
12
Leased—•
MIehoacan & Pacific R y ., Ma- •
ravatlo to Zltacuaro_________
57
Total Incl. In earnings______ 6,306
Controlled— Earnings separate
Interoc. R y . (Incl. Mex. Sou.,
302 m iles).................................... 1.035
Pan-American R R ____________ 284
Vera Cruz & Isthm us.................. 313
Grand tot. (1.426m . 3-ft. gauge) 7,888
In Sept. 1911 extensions were under construction, including one from
Durango southeast to Canltas, on main line of El Paso route, 173 m .; Du
rango southwest to Llano Grande, opening up pine tim ber, 62 m .; PenJamo south to the Uruapan branch, 85m .,;& c., of which a considerable Dortlon of the new mileage was com pleted. V. 93, p. 796. 1480.
O R G A N IZA T IO N .— Organized March 28 1908 under special A ct of Con
gress of M exico, per plan In V. 86, p. 918, 982. The properties of Nat. R R .
of M exico, Mex. Central and Mex. International were acquired by deeds;
V. 88, p. 452; V . 89, p. 1601; V. 90. p. 1554. In A ug. 1910 acquired all the
stock of the Vera Cruz & Isthmus and 59,991,700 of the $10,000,000 stock
of the Pan-American R R . V . 91, p. 589; V. 93, p. 1474. Application to
list, describing properties, new securities, & c., V. 88, p. 1318.
The Mexican Government owns $115,049,400 of the $230,000,000 auth
orized stock, viz.: 510,000,000 llrst preferred, $30,278,300 second preferred
and $74,771,000 com m on stock, and guarantees the principal and Interest
of the new general mtge. bonds. V . 87, p. 1533.
D IV ID E N D S .— On first pref., 1908, 1 % ; 1909, 2 % ; 1910 to 1912, 4 % .
Securities Immediately Issuable.
Tne amounts of new bonds and pref. shares which the New York Stock
Exchange has agreed to list as soon as Issued (V. 88, p. 1318) are as follows:
(The amounts actually listed are shown In table at top of next page.]
Prior Lien 4 )4 % Bonds (5225,000,000 authorized)—
Issuable in part exch. for M ex.Cent.bonds, abt.$70,294,962
Sold for cash................................................................ 10,000,000
T o Mexican G ov’t on acct. of guaranty, & c____ 6,000,000
A cct. $10,000,000 Nat. R R . notes April 1 9 0 9 .. 7,200,000
Betterments, equip., retiring equip, oblig., & c. 15,531.369-5109,026.331
The remainder of the auth. Issue of $225,000,000 Is reserved as follows:
(1) $23,000,000 to retire $23,000,000 National R R . of Mexico prior lien
4 )4% bonds due Oct. 1 1926; (2) $92,973,631 for extensions, additions and
Improvements as shown In V. 86, p. 1319, 919.
The right Is reserved to issue $6,000,000 additional bonds ranking pari
passu with the other bonds of this series, to take up at or before maturity
£1,200,000 prior lien bonds of the Mex. Internat. R R . Co.
The prior lien bonds will be subject to call after Jan. I 1917 at 105 In
amounts not less than $10,000,000, or for a cumulative sink, fund sufficient
to retire the entire Issue b y m aturity.
Guaranteed General jMortgage4% Bonds ($160,000,000 auth.)—
Issuable for Mexican Cent, bonds, cash, & c____$45,315,075
T o .Mexican G ovt, on account of guaranty, &c_ 2,450,000
Betterments, equip., retiring equip, oblig., & c. 17,921,399— $65,686,474
The remainder of the $160,000,000 Is reserved as follows: (1) $24,749,000
to retire outstanding Nat. R R . of Mexico llrst consol. 4s: (2) $09,564,526 for
extensions, Improvements, &c. See V . 86, p. 1320. 919.
The right Is reserved to Issue additional bonds, ranking part passu with
the other bonds of this series, to take up or retire at or before m aturity an
equal amount of the consol, m tge. bonds of the Mexican International R R .
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
803,466
,831,000 4 In 1912 F & A A ug 1 0 ’ 12, 2%
,293.816
& J July 1 1957
,819,315
4)4 S
& O Oct 1 1977
4 g
,747,600
,000,000
& J Oct 1 1926
4 )4 g
,740,000
& o Oct 1 1951
4 g
& J July 1 1939
,374,000
5 g
July 10 Jan 10 1939
229,100
3 g
23,000
Jan 10 1939
3
,091,888
A & O A pr 1 1917
250.000
5 g
A & O Oct 1 1919
350.000
5 g
,850,000
4 H g M & S Sept 1 1047
705,500
Sept 1 1977
4 g
M &
.501,000
Sept 1 1977
M &
4 g
,000,000
& D June 1 1913
4 )4 g
,000,000
N ov 15 1912
250.000
1.700.000
NATIONAL RR. OF HAITI.— (V. 93. p. 408.)
NATIONAL RAILWAYS OF MEXICO— (See M a p .)— Comprises:
Rate
%
1,000
1,000
A N N U A L R E P O R T , R eport for 1910-11 was In V . 93, p. 791.
1911.
1910.
1909.
Years end. June 30—
1912.
1,230
M ile a g e ________________
1,230
1,230
1,230
Gross earnings...................$12,262,675 $12,323,803 $11,637,204 $11,112,114
Net earnings___________
2,883,804
3,043,903
3,199,945
2,771,413
57,737
16,458
Investm ents, & c_______
71,959
95,427
261.790
Hire of equip.,rentals.& e
301,262 ___342,521
301,467
Net Incom e___________ $3,257,025 $3,481,851 $3,559,149 $3,049,662
In t. on debt and ta x e s .. $1,234,327 51,224,391 $1,210,675 $1,191,002
626,518
Rentals
.......................
626,518
626,518
626,518
46,000
M iscellaneous__________
80.000
(5)499.232
(6)599,079
D iv. on stock ------------- (6 43)649,002
(6)599,079
83.252
33.115
Additions to p ro p e rty ..
... .
Balance, surplus.........
$747,178 $1,031,863
$959,625
$653,?9o
P res., John W . Thomas Jr.: V .-P ., II. F. Smith; Chairman of Board,
E C. Lewis.— (V . 91, p. 865; V . 93, p .7 9 1 : V . 95, p. I l l , 968.)
NASHVILLE & DECATUR RR.— (.See M ap Louisville & Nashville.)—
Owns from Nashville, T enn., to Decatur, A la ., 119 miles. Re-leased to
L ou. & Nash. In 1900 for 999 years, the rental being 1 )4 % on stock. The
Lou. & Nash. July 1 1912 owned $1,979,600 of the stock.— (V . 70. p. 1195.
NASHVILLE TERMINAL CO.— Owns bridge across the Cumberland
R iver and 18 m. of track. Leased for 99 years front May 1 1902 to Tenn.
Cent. R R ., which owns entire 51,000,000 stock. In Dec. 1909 filed a mtge
to secure $3,000,000 bonds; $1,000,000 reserved to retire 51.000,000 tlrst
5s of 1902. None sold to Sept. 1912. V. 89, p. 1668.— (V . 89, p. 1668.)
Standard Gauge— Owned. M iles.
Laredo to City of M exico____ 802
M exico City to Juarez C ity__1,224
M exico to Rio Balsas_______
182
CIntura, & c., lines (3-rall track)
6
Chicalote to T am pico.............. 406
T am pico to Monterey and Gomez
P a la c lo ___________________ 548
Eagle Pass, T ex., and Ciudad
Porflrlo Diaz via Torreon to
Durango__________________ 540
Branch— Irapuato to A m eca_ 217
“ Guadalajara to Manzanillo 221
San Juan Jet. to Jaral______
50
Vanegas to Matehuala______
41
R incon to Pozos____________
37
Monterey to Matamoras____ 206
Gonzales to A cam baro______
53
Jimenez to R osario__________
96
Other branches, & c_________1,083
Bar extension at T a m p ico ____
6
Am ount
Outstanding
J
M
J
J
J
J
J
&
&
&
&
J
N
J
J
& D
Q— J
& J
& D
LXXXXV
July
May
July
June
1
1
2
1
1958
1919
1938
1919
City of M exico, L ond , &o
Office, 25 Broad St, N Y
Office, 25 Broad St, N Y
M ex ico, L on d on , Paris, &o
Office, 25 Broad St, N Y
do
do
London and Boston
None j>ald
Old Col T r Co, Bos & Lon
do
do
Speyer Brothers, London
Office, 25 Broad St, N Y
do
do
do
do
Moran Brothers, N
1 % % paid July 1911
B oston, Mass
July l 1934
Feb 1 1986
Mcch Tr C o,B ayonne,N J
N Y Central & H ud R iver
June 1 1927
Oct 1912 2 ) i %
July 1 1940
1990
Corp T r Co, Jersey City
New London Office
Cp M&M llk .N Y ; reg md
New London Office
The general m tge. bonds will be subject to call at par In amounts not lcss
than $10,000,000 after April 1 1927; also on and after O ct. 1 1937 for a cumu
lative sinking fund, which Is to retire entire Issue not later than 1977.
First Preferred Shares ($30,000,000 authorized)_____________ $28,832,901
Second Preferred Shares ($125,000,000 a u th .)—
Issuable In part exchange for Mex. Cent. lid s .-$41,416,234
For stock Mex. Cent. R y .a n d National R R . . 83,583,766— 5125,000,000
Of the Mexican International consol. 4s, $2,41)7,000 were In Jan. 1905
reserved for extensions at $10,000 per mile and Improvements. The total
Issue of consols Is limited to $16,000,000. The guaranty of prln. and Int.
by National R R . of Mexico under agreement of June 30 1902 stam ped on
$6,501,000 of the consols has been assumed b y the National R ys. of M exico.
V. 75. p. 185. Prior lien 4 Hs, sec V. 65, p. 151, 1071. Consol. 4s of 1897
listed on N. Y . Stock E xch. Feb. 1898. Sec application In V. 66, p. 341.
The proceeds of the S 10,000,000 2-ycar 4 )4 % gold notes dated June 1 1911
secured by deposit of $6,400,000 prior lien and $7,000,000 gen. m tge. bonds
were used to retire the $3,659,000 Mex. Cent, consol. 4s due July 1 and for
equipment and Improvements; also In 1910-11 sold £1,000,000 notes at a
discount of 4 )4 % . secured by $6,150,000 prior Hen bonds. Bonds are to bo
sold later to retire all of these notes. V. 92, p. 1179, 1243; V . 93, p. 1475.
The $13,000,000 1-year loan from bankers, due N ov. 15 1912, Is secured
by pledge of prior lien and gen. m tge. bonds, but not as the basis for an Issue
of notes. The proceeds were used to pay £1,000,000 notes referred to, duo
Dec. 1 1911 and for additions and new construction. V . 93, p. 1324.
E A R N IN G S.— 2 m o s.,11912______ Gross, $10,443,596; net, $3,456,241
July 1 to A ug. 31
J1911______ Gross, 10,974.776: net, 4,802,067
R E P O R T .— R eport for year ending June 30 1911 was In V . 93, p. 1459,
1474, show.ng In Mex. curr. con v. into U. S. currency at 50c. on dollar:
1911-12.
1910-11.
1909-10.
Gross earnings............................................ $61,987,108 $61,934,421 $61,483,147
Net ea rn in g s_________________________ 23,551,853 22,655,076 24,754,829
Other Incom e--------------------------------------- 1,260,619
944,892
1,227,471
T otal Income.........................................524,812,472 $23,599,968 $25,982,300
Taxes, rents. & c--------------------------------- $2,924,439 $3,095,829 $4,583,127
Interest ch a r g e s ............................
19.403,457
17,946,269 18,562,604
Reserve fun d ..............................................
124,228
127,893
141,828
B a la n c e ______ __________
$2,360,348
First preferred dividend (4 % ).............. 2,306,632
$2,429,977 $2,694,741
2,306,632
2,306,632
Surplus for year.....................................
$53,716
$123,345
$388,109
Chairman of Board, Lie Luis Elgucro; Vice-Chairman, Ingo Gabriel
Mancera; Chairman N. Y . Local Board, II. Clay Pierce; Pres., E. N. Brown.
N . Y . office, 25 Broad St.— (V . 94, p. 698; V . 95, p. 618, 888, 891.)
NEBRASKA KANSAS & SOUTHERN R Y — Projected Stockton to Gar
den City, Kan., 162 miles; branches, S tockton to Hastings, N eb., 120 m .1
Garden City, K an., to Amarillo, 225 m .; total, 507 miles, of which 6 miles
from Ottograt to Churchill was graded In A ug. 1911.
Stock auth., 54,500,000; outstanding June 30 1911, $300,000; par, $100.
Bonds (54,500,600 auth. Issue), see table above. President, J. C. Hop
per, Ness City, K an.; Treas., E. J. W illiams, Stockton, K an.; Sec., F. T .
Burnham. Office, Stockton. Kan.
NEVADA-CALIFORNIA-OREGON R Y.— (3-/1. gauge.)—R eno, N ev., to
Lakevtcw, Ore., 238 miles, Including extension, 54 miles, to Lakcvlew, Ore.,
com pleted late In Dec. 1911. Owns all the stock of the Sierra & Mohawk
R y., Plumas to Mohawk, Cal., 37 miles, which was acquired Jan. 30 1909 at
foreclosure sale. V. 93, p. 164. Stock, co m ., $1,450,000; pref., $750,000,
all out. A fter 5 % on com ., both stocks share pro rata. Dlvs. on pref,
Aug. 1906.3'',',; A ug. 1907, 4 % ; Aug. 1908 to 1910, 5 % each; A ug. 1911,
3 % ; Sept. 1912, 2 % . D lv. on com . stook, 1 % , A ug. 1909; 1% A ug. 1910,
1911 and 1912, nono.
Report for 1910-11 was In V . 93, p. 726, showing: Gross, $386,590; net,
$124,845; other Income, $5,517; Int., taxes, & c., $74,904; dlv. on pref.
(2 % ), $15,000; b a l„ surp., $40,457. Pres., I). C. Moran, 68 William S t.,
N . Y .— (V . 93, p. 667, 726; V . 95, p . 750. 818.)
NEVADA COPPER BELT RR.— Owns W abuska to Ludw ig, N ev.,
37.8 miles; Wabuska to Thom pson, 2.50 m .; total, 40.3 miles. Incorp. In
Maine Mch. 22 1909. Stock auth., $1,000,000: outstanding, A pr. 1 1911,
$500,500. Bonds (auth. Issue $1,000,000), Federal Trust C o., Boston
Mass..see table above.
President, W . C. Orem; S ec., F. M. Orem. Office,
409 New House S t., Salt Lake City, Utah.
NEVADA COUNTY NARROW-GAUGE R R — Colfax to Nevada City,
Cal., 20)4 m . Stock, $250,850; par of shares. $100 each. Dividend of
5 % (fourth since organization) was paid Deo. 1903; 1904, 10% ; 1905, 5 % ;
1907, 10% ; 1910, 2 )4 % ; 1911, Sept., 5 % ; 1912, June, 1 )4 % (quar.).
Bonds $180,000 1st 7s; Int. J. & J. at Wells Fargo National Bank.
San Francisco, trustee, or com pany’s office. Bonds are payable in annual
Installments, increasing from $4,000 In 1902 to $20,000 In 1924. Year
ending June 30 1912, gross, $122,071; net, $30,305. In 1910-11, gross,;
5127,410; net $37,405; other Income, $233; Int. & taxes, $18,075; dlvs.
(2 )4 % ), $6,255; bal., sur., $13,308. In 1909-10, gross, $128,481; net,
$56,245. Pres., Mrs. S. A . Kidder, Grass Valley, Cal.— (V . 94, p . 279.)
NEW JERSEY INDIANA & ILLINOIS RR.— South Bend to Pine, Ind.
11.49 miles. S tock, all Issued, $100,000; par, $100. B onds,$250,000
Mechanics’ Trust C o., B ayonne, N . J . trustee. Year ending June 30 1912
gross, $49,976; net, $22,252; other Income, $278; Int., taxes, & c., $17,040;
bal., surp., $5,490. Pres., G. M. Hughes; V .-P ., C. B . Zabrlskle; Treas.,
B . H . Marsh; S ec., D c W itt Van Dusklrk, 149 Broadway, N . Y .
„ NEW JERSEY JUNCTION RR.— Terminal road through Jersey City,
H oboken and W cchawkcn, about 5 miles.
Leased for 100 years in
1S86 to N. Y . Central, which guarantees bonds and owns $100,000 stock.
„ NEW JERSEY & NEW YORK RR.— Owns from Eric Jet., N. J .. to
GarnervIUe, N. Y ., 29 miles; branches to New City, &c., 5 m .; operates to
Ilaverstraw, &o., 14 m .; total operated, 48 miles. Eric R R . In April 1896
purchased control, s to ck . $1,440,800 co m .. $787,800 pref.; par. $100. Con
trol Is with pref. stock anil 1st mtge. till 6 % hes been paid on pref. ror three
years. The $400,000 6% bonds maturing May 1 1910 were extended 30
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R A IL W A Y
STOCKS A N D
BONDS.
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88
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
New Mexico Cen— S Fe Cen 1st M $2,500,000 g PPi c
117
New Mexico Ry & Coal— See El Paso & Northeastern Co
New Orleans Great Northern— First M gold _C K .c**&r
241
1901
$1,000
1905
404
196
196
196
196
1910
1885
1902
1902
1906
1,000 &c
1,000
100
100
1,000
100
1,000
1,000
1,000
1,000
1903
1.000 &c
1911
1908
1,000
1.000 &C
100
1,000
100
1.000 &c
1.000 &c
1.000 &c
1.000 &c
1 bond
1.000 &c
E quip trust ser A (due s-a $25,000 to A ug 1917) __N
New
M.ob,',e & Chic— Com stock $25,000 per m ile.
Pref (p & d) stock 6 % n-c $5,000,000 ($5,000 p m ).
.. First mortgage $35,000,000 ($30,000 per m ile)..........
New Orleans-& North Eastern— Stock $6,000,000____
Prior lien m ortgage gold .........................
Ce c*
General m ortgage $8,000,000 gold ............1111 F.c*
Incom e mortgage (non-cum ) $1,500,000 gold___N .r
Equipm ent notes gold last Installment___________
Engine notes . . .
New Orleans Term— 1st M $15,000,000 g g u ..G .c * & r
New Orleans Texas & Mexico— See St Louis & San Fr
Newport & Richford— 1st M $350,000 fr gu C&P.SB.cx
New York Bay— First mortgage $6,000,000 g old ._G P
N Y Bklyn & Manhattan Beach— Pref stock non -cu m .
First cons m tgc (now 1st Al) gold guar b y L I._C e.c*
N Y Cent & Hud River— Stock ($250,000,000 auth) _Tr
R efunding m ortgage $100,000,000 gold ____Ce.c*& r
Coll trust g ($100,000,000) Lake Shore stk ._G .c*& r
d o do ($21,550,000) Michigan Cent stock ____ G
M tgc on Spuyten U & P M $20,000,000 g o ld ____ Cc
Debentures (V 69, p 1102; V 71, p 502, 9 64).........
Debentures $50,000,000 g o l d .......................U s.c’ &r
Gold notes $30,000,000 authorized________________
Gold notes $30,000,000 authorized_________________
Deb bonds $50,000,000 (Harlem purchase & c)___G
Equip tr (B ost & A lb) $7,5OO,00o due yly see tex t.
New York Central Lines—
Joint eq tr g $2,000,000 an(V 8 6 ,p 800,920).G .c*& r
do
do $2,000,000 an (V 90, p 9 1 4 )...G .c » & r
do
do due $1,000,000 yea rly_________ G,c*&r
22
14
15
15
809
1885
1897
1898
1898
1909
1900
1904
1911
1912
1912
1912
1907
1910
1912
NEW JERSEY & PENNSYLVANIA RR.— W hltehouse to Morristown,
N. J ., 25 miles; extension of l mile to heart of Morristown proposed. On
March 8 1910 receive1- was discharged. V . 90 p. 772. Stock $400,000bonds authorized, $200,000. For year ending Dec. 31 1911, gross, $45,139net, after taxes, $14,077; bond Int., $10,000; bal., sur., $4,077. Pres., Chas
N . 1- lint; Sec. and Trcas., Louis E. Spencer, 63 W all S t., N. Y .— (V . 92, p. 59.)
,.i NEW LONDON NORTHERN RR.— Owns from New L ondon, Conn.,
r J?A o o ^ b.0r0A A t-1 to South Londonderry, V t.. 158 miles.
., G LA SE D for 99 years from Dec. 1 1891 to Central Verm ont. The rental
is $213,552 per annum, which leaves a small surplus after providing for In
terest, «8c., and 9% dividends. Taxes and Improvements m et b y lessee.
*n r\Tt?rA?JSJ?5uet* 51 >500,000 4s to refund bonds due. V . 90, p. 1677.
D IV ID E N D S .— 1888 to April 1892, 7 % yearly, then 8 % yearly to 1893.
and since to Oct 1912, Inch, 2
quar (9% per an .)— (V . 90, p .tl6 7 7 .)
NEW MEXICO CENTRAL RR.— Owns from Santa Fe, N . M .. south to
Torrance, 117 m .; opened Jan. 1 1905. Name changed from Santa Fe
Central R y . In A ug. 1908. On Jan. 10 1910 C. C. Murphy of Pittsburgh was
appointed receiver. Foreclosure began June 1910 under 1st AI. of 1901 and
also under Albuquerque & Eastern m tgc. V . 90, p. 168, 1554, 1677: V . 92,
p. 1109. In May 1909 (lied a m tge. to secure $2,000,000 bonds on Hagan
coal fields. Stock. $2,500,000 all outstanding. For year ending June 30
1911, gross, $66,968; d cf. under operations, $15,385; other Income, $51;
tat., taxes, & c., $12,910; bal., d cf., $28,245. Pres., Harrison Nesblt,
Pittsburgh, P a.; V .-P ., W . S. Hopewell; Treas., Charles C. Alurray; S ec..
Francis J . Torrance. O ffice, Santa Fe, N . M .— (V . 92, p. 1109.)
NEW ORLEANS GREAT NORTHERN RR.— Owns New Orleans, L a.,
to Jackson, Miss., 182 miles, with branches, R io, L a., to Tylertow n Allss
41 m .; Slidell, L a., to Folsom , L a., & c., 62 m ., making a total of 285 miles
operated, Incl. 29 m. trackage from New Orleans to Slidell, La., and other
trackage, 13 m. S tock. $7,500,000. 1st AL, $10,000,000. V. 81, p. 841.
E A R N IN G S .— 12 m o s „ /1 9 1 1-12..........Gross, $1,632,282; net, $536,752
July 1 to June 30.
\1910-11--------Gross, 1,697,622.’ net, 617,060
R eport for year ending June 30 1911 In V . 94, p. 691, showed, gross,
$1,697,622; net, $617,061; other Income, $16,548; Int. on bonds, $421,595;
taxes, $23,510; other charges, $81,451; disc, on securities, $19,104; bal.,
sur., $87,948.
O F F IC E R S .— Pres., H . L. Miller; 1st V .-P ., M. E . Olmstead; 2d V .-P .,
C. I. .James- Sec. and Treas., F. A . Lehr; Gen. Algr., R . II. H ow ard.—
(V . 90, p. 373; V . 92, p. 183. 1436; V . 94, p. 691.)
NEW ORLEANS MOBILE & CHICAGO RR.— Operates:
Road—M iles.] Road—
M iles.
Mobile, A la., to Altddleton, Tenn.3071 Elllsvlllc Jet. to Elllsvllle, Miss
7
Beaumont, Allss., to H attiesburg. 2 7 1O t h e r ..
_
3
T otal (100 m. 60-lb. and 302 m . 70-Ib. steel), lncl. Gulf & C hicago” ” 1404
„ 9 ? e (i A ?II? rA K,IiOI? - T Succ?SRT9r D c c- 1 1909 per plan V . 85. p. 1577; V . 87.
P- 1664. to Mobile Jackson & Kan City and Gulf & Chicago, foreclosed.
The St. Louts & San Fran, and Loulsv. & Nashv. late lnl91 lacquireda
Joint controlling Interest In the stock. A trackage agreement has been
made with the New Orleans & Northeastern R y . from Laurel, Miss., to a
connection with St. Louis & San Fran, terminals at New Orleans, affording
the St. L . & S. F. a through line from Chicago and Kansas City via the
N. O. Mob. & Chicago Into New Orleans. A n extension Is also proposed
northerly to Jackson, K y „ or Lexington, Tenn., with traffic or trackage
arrangements to Paducah,Tenn. V. 93, p 1464- V 94 p 351
There are also outstanding $33,000 old Afoblle Jackson & K . C. 1st 50-year
gold 5s, due June 1946; tat. J. & D .; Central Trust Co N Y
trustee
Of the 1st 5s of 1910, $230,000, and of the pref. stock, $740,500, in addition
to the amounts shown as outstanding above, were In the treasury In Feb.
30 io n . $272:207! :
V< 93, p‘ 871: v - 94, p‘ 488’ Mlsc> car trusts
E A R N IN G S .— 12 m o s.,/1 9 1 1-12.........Gross, $2,002,728; net, $629,642
July 1 to June 30.
U 910-11_____Gross, 1,826,135; net, 745.088
R E P O R T .— R eport for year ending June 30 1911, In V. 93, p. 870,
showed: Total operating revenue, $1,826,135; net, $745,688; Int., taxes,
A c., $662,124; bal., sur., $83,564. In 1909-10, gross, $1,711,709.
O F F IC E R S .— Pres., W . F. Owen, 71 Broadway, N . Y .; Treas., Geo. W .
Crary, Aioblle, A la.; S ec., H . F. R icker. Directors: B . L. W inchell
(Chairman), Alilton H . Smith, BenJ. F. Y oakum , VV. F. Owen, B. L.
W inchell, W . L. Alapother, C. W . Hillard, J. II. Ellis, L. S. Berg, G. R .
Sheldon and O. K . Beckm an.— (V. 94, p. 124, 208, 351, 488.)
NEW ORLEANS & NORTH EASTERN RR. — New Orleans, L a., to
E e nyia^ Mlss-- 190 mIles- S tock, $6,000,000 (par $100), of which
$5,328,700 and $5,295,000 gen. 4 Hs and $1,500,000 Incomes were held In
Jan. 1912 by Ala. New Orleans Texas & Pacific Junction R y.
Reorganized In 1902 per plan In V. 74, p. 681. Dividend on stock 1903
and 1904, 3 % each; 1905. 3 JS%; 1 9 0 6 ,5 % ; 1 9 0 7 ,6 % : 1 9 0 8 ,4 % : 1909.
S ept., 5 % ; 1910 Sept., 6 14%; 1911, Sept., 6 1 4 % ; 1912, S ept., 5 % . Of
tne gen. 414s, $1,372,000 arc reserved to retire the remaining prior lien
bonds and $616,000 for future needs.
E A R N IN G S .— 2 m o s .,/1 9 1 2 -.............. ..G ro s s, $606,127; net, $130,529
17911--------- — Gross, 540,705; net, 152,253
R E P O R T for 1910-11 in V. 93, p. 1188.
1n ,a,r ? o rf" June 30. Gross.
Net.
Other Inc. Int.. &c. Balance.
} § } ! - } ? ..................$3,765,752
$878,235
$148,578 $655,429
$371,384
1910-11------ ------ 3.527,931
1,008,959
108,364 586,332
530,891
nnm
pa'< / 1Iv- ot 5% ($300,000) In 1911-12, agst. 6 J4% ($390,
000) In 1910-11.— (V . 95, p. 750.)
NEW ORLEANS TERMINAL CO.— Owns extensive terminal property
at IVew Oilcans and a belt railroad around the city , leased to the St. Louis
ban Francisco and Southern R y . for 99 yrs. from July 1 1903, rental covering
all expenses of operations, maintenance, taxes and interest. Southern R y .
Am ount
Outstanding
Rate
%
$2,500,000
5 g
7,500 000
5 g
400 000
5
8,075 300
1,259, 500
11,819 000
5 l
6,000, 000 5 In 1912
1,320, 000
6 g
6,012, 000
4J4 g
1.500, 000 Up to4 y,
39, 000
4H g
56, 100
14.000, 000
4 g
350 ,000
4,185 ,000
650 ,000
1,726 ,000
222,729 300
94,000 000
90,578, 400
19.336, 445
2.500, 000
5.500, 000
48.000, 000
30.000, 000
15.000, 000
8,802, 000
5.500, 000
1.000 &c 20,000,000
1.000 &c 26,000,000
1.000 &c 15.000,000
years at 5 % . V . 90. p . 914. Year 1911-12, gross, $805,005; net, $258,865.
In 1910-11, gross, $755,099; net, $266,639. In 1909-10, gross, $692,624;
net, $250,769; other inc., $2,982; int., rentals, & c., $222,799; lm pts., $7,
215; bal., $23,737.— (V . 90. p . 914.)
P
Nov
[VOL. LXXXXV.
KAILWAY STOCKS AND BONDS.
5 g
4 g
5
. 5 e
in 1912
3H g
3K g
314 g
3 14 g
314 g
4 g
414 g
414 g
4
414
When
Payable
Last Dividend
and Maturity
Dec 1 1941
F
F
& A A ug 11955
& A T o A ug 1 1918
& ,
Yearly
A & O
J & J
% gold
A & O
Places Where Interest and
Dividends are Payable
Pittsburgh Trust Co
Colum b-Knlck T r Co, N Y
N Y Trust Co, of Dutlalo
Jan 1 I960
Sept 4 1912 5%
N ov 1 1915
Jan 1 1952
July 1 1952
Apr 1913
Apr 22 1914
J July 1 1953
71 Broadway, New York
New Orleans, La
Central Trust Co N Y
Farmers’ L & T r Co, N Y
(if earned) on Dec 1
Franklin Trust Co, N Y
& J Jan 1 1941
& J Jan 1 1948
A & O A pr 1912 214%
A & O Oct 1 1935
Q— J
Oct 15 1912 \ M
J
& J July 1 1997
& A Feb 1 1998
F & A Feb 1 1998
J
& D June 1 1959
J
& J July 1 2000
M & N May 1 1934
M & S Alch 1 1914
M & N May 1 1915
J
& J Jan 1 1942
Oct 1913-1927
Safe Dep & Tr C o,B oston
New York & Philadelphia
Checks mailed
U S Mtgc & T r Co, N Y
Grand Central Term , N Y
do
do
do
do
do
do
do
do
do
do
do
do
N Y , Paris and L ondon
J
M
5 g
414 g J
414 g J
&
&
&
&
N N ov 1913-1922
J Jan 1 1913-25
J Jan 1913-1927
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y
do
do
and St. Louis & San Francisco each own half of the $2,000,000 outstanding
stock ($o,000,000 a u th .), and Jointly guarantee the bonds. V. 86, p. 721:
V . 88, p. 564; V . 92, p. 660. Pres., A. D. Llghtner.— (V . 94, p. 983.)
NEWPORT & RICHFORD RR.— Owns from N ewport, V t., to Canadian
line near N o. T roy, 22 miles. Leased for 99 years from June 8 1881 to
* A tlantic R y ., In turn operated b y Canadian Paclflo R y .; rental
$18,000 a year. Stock, $350,000, m ostly owned b y Connecticut & Passumpslc Rivers R R . (B oston & Maine system ), which guarantees the new
$350,000 1st 5s, principal and Interest. V. 91, p. 1026.— (V . 91, p. 1026.)
. NEW YORK BAY RR.— Owns from Kearney Junction, N . J ., to a pota*
4,184 feet cast of W averly Station, near Newark, and from a point 4,037
feet east of W averly Station to the bulkhead line at Greenville piers,on New
York B ay, 10.98 miles, with 3 branches, 2.58 miles; total, 13.56 miles.
Stock, $6,000,000, all owned b y Penn. R R ., with Deo. 31 1911, $3,000,000
of the bonds.— (V. 86, p. 920, 982.)
NEYV YORK BROOKLYN & MANHATTAN BEACH R Y — Owns from
frresh Pond Junction to Alanhattan Beach (Coney Island) and branches
to Bay Ridge and Greenpolnt. 15 miles. Leased for 99 years from O ct. 1
1885 to the L ong Island R R . C o., which owns m ajority of stock. R ental,
Interest on bonds and 5 % on pref. stock. Comm on stock, $350,000.
L. I. R R . has attached to the bonds Its unconditional guaranty of principal
and Interest in addition to facts as to lease.— (V. 83, p. 1348).
NEW YORK CENT. & HUD. RIVER RR.— {See M aps, pp. 96, 97.)
Lines Owned—
M iles.
Operated Under Contract (concl.)—
New York to B uffalo.................. 441 St. Lawrence & Adirondack* . .
56
B ra n ch e s ....................................... 365 T ra ck a g e ........................................ 274
Proprietary lines...........................
3
Lines Leased ( ’ See this co.)
Total In earnings....................... 3,790
W est S hore*......... ........................ 479
T roy & G reenbush *...................
6
Controlled— Operated Separately—
Spuyten Duyvll & Pt. M .* ____
5 Lake Shore & Mich. S outhern*.1,775
New York & H arlem *................ 137 Michigan C entral*______________1,817
New Jersey Junction ________
„ Lake E. Alliance & W h e e lin g ..
88
R om e W atertown & O gden*___ 629 N. Y. Chic. & St. Louis R R .* . . 523
Atohawk & Atalone*___________ 182 Lake Eric & W estern *............. 1
Carthage & A d iron d a ck *......... I
4G Northern O h io *.......................... / 886
New York & P u tn am *................
59 “ Big F our” S y s te m * ................. 2,364
Boston & A lb a n y *_______ .
393 Chicago Indiana & Southern* . . 359
New York & O ttaw a *________
126 Cincinnati N orthern*......... ........ 245
Geneva Corning & Southern* . . 232 Dunkirk All. Val. & P i t t s .* .. .
91
Beech Creek R R .* ......... ............ 165 Pitts. & Lake Eric S ystem *___ 215
Beech Creek Extension R R ,
Little Falls & D olgevllle_____
14
e t c . * ............................................ 130 Chicago Kalamazoo & Saginaw
45
Wallkill V alley.............................
33 Detroit & C harlevoix__________
5
Operated Under Contract—
Indiana Ilarb. Belt (V.93.P.164) 105
Terminal R y. of Buffalo
11
Total 1912, less 228 m. duplicated (338 miles 4 -track ed )________ 12,989
In Alarch 1910 the Lake Shore & Atichlgan Southern acquired the greater
part of the T oledo & Ohio Central stock and all the stock and bonds of the
Zanesville & Western and, Jointly with the Chesapeake & Ohio, a m ajority
of the Kanawha & Allchlgan stock. V. 90, p. 771.
In Alay 1912 was authorized by P .S .C o m m , to sell to N .Y . N. I I .& II.re
maining Interest In m ajority holdings of Rutland R R . pref., but lower court
restrained sale. V . 93, p. 7600; V . 92, p. 527; V. 94, p. 1317.
In April 1912 received permission to purchase the Rom e W atertown &
Ogdcnsburg and $1,103,000 Utica & Black River R R . stock not owned by
R . W . & O. V . 94, p. 768, 1696.
Proposed Consolidation.— In Dcc. 1911 the com pany, as a preliminary to
the unifying of the system , probably In the first instance by consolidation
with the Lake Shore and other companies, and later possibly with the Mich
Cent., asked the holders of N. Y . Central coll, trust 3 148 secured b y Lake
Shore and Allch. Cent, stocks to consent (1) to a consolidation or successive
consolidations of the N. Y . Central or Its successors with any other railroad
com pany or companies now or hereafter In the system ; and (2) to the said
bonds being given a direct lien on the N. Y. Central System next In rank to
the existing N. Y. Central gen. mtge. dated June 1 1897 whenever the N Y
Central Is consolidated with one or more other roads. V. 93, p 1788 ' ’
r>^n ,Pc c - l 911 thc holders of the $10,000,000 stock of the N. y \ & Harlem
R R - (leased— see that co.) were offered $175 a share In cash for each of their
$o0 shares and also the further right to subscribe with the proceeds at 92
and int. for the $35,000,000 4 % 30-year debentures of 1912, issuable to
finance the purchase. " A large m ajority” acquired. V . 94, p . 208, 1696.
-.S T O C K .— DIvs. on stock reg. in London arc payable at 4 9l4 d to the $.
Stockholders subscribed for $44,097,300 new stock at par, payable on or
before Jan. 20 1910, raising the amount outstanding to $222,729,300, the
proceeds to be used to retire notes for additions and Improvements
V. 89,
P. 1223, 1411, 1542, 1668; V . 90, p. 705.
D IV ID E N D S. 11896-99. 1 90 0 -0 6.’07. '08. ’09. '10. ’ l l .
1912.
Since; 1 8 9 4 .- - % J4 yearly. 5 yearly. 6 5 'A 5 5 H 5 H 1M , 1 H , I H .l k i
1911, Jan., 1 H % ; April, 1 M % ; July, 1 11%; O ct., 1 M % . V. 92. p. 660.
B O N o s . - f l ^ mortgage Is for $100,000,000; ot the final $11,000,000.
$5,000,000 was sold in Jan. 1912. V. 77, p. 452; V. 86, p. 1043, 1101;
V . 88, p. 506; V. 94, p. 208.
Collateral trust 314s of 1898 are secured b y deposit of stock of the Lake
Shore & Allchlgan Southern and Allchlgan Central ItRs. at the rate of $100
of L. S. & At. S. stock for each $200 of bonds and $100 ot Allch. Cent stock
for each $115 of bonds outstanding. As to proposition to give these bonds a
direct lien, see "P roposed Consolidation” above. V .66,p.288, 336, 760, 8 i 1
The 30-vear 4 % debentures which to the extent ot $35,000,000 have been
authorized to be Issued In exchange for N. Y. & Harlem shares ($10,000,000)
an<1 f 16.429,000 in exchange for R om e W atertown & Ogdcnsburg and Utica
& Black River stock under the offer to thc holders of thc shares of those
companies are part of an issue limited to $50,000,000. They are to be
secured under any future mortgage made by the N. Y . Central or successor
com pany (other than to refund existing mortgages or to secure the Lake
bhore and Allchlgan Central coll, bonds) ratably with the bonds Issued under
such mortgage and m ay be exchanged within 12 years’from the date of the
90
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
New York Chicago & St Louis— Comm on stock.
Second preferred stock (5% n on -cu m )_______
First preferred (5% non-cum ulatlve)_________
First mtge gold sinking fund not draw n___Ce.c*&r
Debenture bonds 510,000,000 gold ______ G .xc*& r
N Y & Greenwood Lake— Prior lien M gu p & l.N .g x c
New York & Harlem— Common 1 4 % , 10% guaranteed
Preferred stock 1 4% , 10% guaranteed_______
R efunding mtge (now first) 512,000,000 g__G .c*& r
N Y Lackawanna & W estern— Stock guar 5% (end) _
First mtge guar by Del Lack & W estern______ F.c
Construction mtge guar by D L & W (en d )____ F.c
Third M Term Imp (55,000,000) guar p & 1 (end) . . F
New York Lake Erie & VYestern—-See Erie R R
N Y & I.ong Br— Gen M (now 1st) $2,500,000 g -.C e .c
New York New Haven & Hartford— Stock (sec t e x t ).
Debentures (55,000,000 are 4s) non con vert___c&r
Deb (for Cent New Eng) g non -conv (V 78, p 7 6 8 )-Debentures (for F II & W ) (V 78. p 2 33 5 )_________
Debentures (for N Y Ont & W ) (V 80. p 2458) .c* &r
Debentures convertible (sec t e x t )_____________ c*& r
Debentures not c o n v e rtib le ................................
Debentures 145,000,000 francs (529,000,000) Debentures 539,029,600 gold con v (te x t )......... c*& r
N Y Prov & Boston gen M (now 1st) g assum ___c&r
H ousatonlc con M (53,000,000) g (assumed) . . F c*
N Eng cons (now 1st) M 57,500,000 5s g g u -.B a .c*
N Y & N E Boston Term 1st M S l,5 0 0 ,0 0 0 -A B .c& r
New Haven & Derby consolidated m ortga ge------c*
P rovidence & Sf dnglleld 1st M gold assum ed------c*
Danbury & Norwalk cons M (5100,000 are 6 s)— c*
G en'm tge Danbury, Conn, to W ilson Pt, & c ..c *
First ref mtge V 82, p 210) gold assumed _.c*& r
Harlem R & Port _ 1st M gold 515,000,000. Us.c* &r
M iles Date
Road Bonds
___
505
53
146
146
136
214
214
214
214
1887
1906
1S96
1897
1880
1883
1890
P ar
Value
Amount
Outstanding
Rate
%
$100 514, 000.000 See text
100 11, 000,000 5 in 1912
5 000,000 5 in 1912
100
1,000 18 979.000
4 g
1,000 10 000,000
4 g
100 &c
1 471.000
5 g
50
8 656,050 See text
50
1 343,950 See text
1,000 &c 12 000,000
3A g
100 10 000,000
5
1,000 12 000,000
6
000,000
1,000
5
5
1,000
4
5 000,000
1891
1,000
.
100
’97-'01
1,000
1904
1,000
1904
500 &c
1905
1,000
1906
100 &c
1906
___ 1907 500trs& c
___ 1908 $100 &c
62 1892
1,000
96 1887
1,000
350 1895
1,000
___ 1889
1,000
13 1888
1,000
28 1892
1.000
36 1880
1,000
36 1883
1,000
36 1905
12 1904 1,00 0 &C
38
1------------------------------------------------------------ ----------------------- ------------------------------------a tte r or an equal amount of bonds Issued thereunder. The Public Ser
vice Commission In Dec. 1911 gave Its assent to the Issue of not over
530,000,000 3-year 4 'A % notes. If desired (of which 515,000,000 were sold
in May 1912), In place of an equal amount of the aforesaid 535,000,000
debentures. V. 94, p. 208; V. 93, p. 1788, 1600; V. 94, p. 1119, 1250.
In 1904 550,000,000 4 % debentures were authorized, of which 530,000,000
were sold In 1904 and 513.000,000 in 1908. On Jan. 13 1910 the com pany
was authorized to Issue 55,000,000 4% debenture bonds of 1934 In paym ent
for 55,000,000 Geneva Corning & Southern 1st pref. stock. V. 90, p. 168:
V. 92, p. 462. They-are to be secured by any new mortgages, but existing
mtges. may be extended. V. 78, p. 1907, 1962, 2384; V. 79, p. 1335, 2148;
V. 86, p. 1043, 1101, 1467; V. 78, p. 415, 614: V. 92. p. 726
In 1909 made a new mtge. on the Geneva Corning & Southern to secure
an authorized issue of not exceeding 510,000.000 bonds bearing 4% interest
to retire outstanding bonds and for extensions and Improvements, of which
5600,000 authorized to be issued in March 1911; not yet Issued,Sept. 1912.
V. 88, p. 1128; V. 89, p. 287: V. 92. p. 462, 726. Also on the Spuytcn
Duyvil & Port Morris, S20.000.000, of which 52,500,000 3 A s have been
Issued, m ostly to refund indebtedness to N. Y . Cent. V. 89, p. 105, 287.
In 1911 sold 530,000,000 3-year 4 'A% notes. V. 92, p. 462, 660, 726,
1109.
As to equip, trusts of 1909, 1910 and 1912, see "N . Y . Cent. Lines” below.
G U A R A N T IE S .—-The com pany guarantees the securities of Its leased
lines to a considerable aggregate— see separate statement for each com pany
In the table of mileage preceding. It also guarantees Western Transit Co.
3 H s for 51,000,000 due Feb. 1923 and 52,500.000 Clearlleld Bituminous
Coal Corporation 4'As. V. 93, p. 45, 164.
G E N E R A L .— In 1911 arranged to give N. Y . N. II. & H artf. through
traffic service by way of Boston & A lbany for 10 years from July 1 1911
and thereafter, terminable on one year’s notice by cither party, the New
H aven to take one-half of the net profits above the rental due the Boston &
A lbany under the lease. V. 92, p. 1179; V. 93. p. 105, 866: V. 94. n. 834.
In Oct. 1912 made an equipment trust for $7,500,000, under which 55,
500,000 4 lA % certificates were Issued to provide equipment for the Boston
& A lbany. The New York New Haven & Hartford provides one-half of
the money to meet the obligation thereunder and will own half of the equip
ment when fully paid. V. 95, p. 1040.
The developm ent of the adjacent surplus real estate not used for the
Grand Central Terminal, N. Y ., will eventually be financed through a sepa
rate com pany, whose capital stock will be equally owned and obligations
guaranteed by the N. Y . Cent, and N. Y . N. II. & II. R R . V. 95, p. 968 .
In 1902-03 control of the Reading Co. was acquired by Balt. & Ohio
and Lake Shore. V. 76, p. 101; V. 78, p. 48.
In May 1912 sold 515,000,000 3-year 4 H % notes to purchase N. Y . &
Harlem, It. W at. & Ogd. and Utica & B. R lv . R R . stocks. V. 94, p. 1250.
In July 1911 the Oregon Short Line (Union Pacific system) owned
517,857,125 N. Y . Central stock. V. 84, p. 52, 571; V. 89, p. 411.
The New York State Railways Co. (see “ Electric Railway Section” ) Is
the com pany’s trolley ally, owning or controlling some 634 miles of electric
railway in N. Y . State (com pare V. 87, p. 544; report, V. 94, p. 623; V. 94,
p. 768). In July 1910 an initial dividend of 1 A % was paid on the N. Y.
State Rys. com . stk. and 1 lA % on Mohawk Val. Co. stock. V. 90, p. 1296.
E A R N IN G S .— 8 m os.,J1912____Gross, $70,0 5,173; net, 517,108,919
Jan. I to A ug. 31. 11911____Gross. 67,144,029; net. 17,406.198
A N N U A L R E P O R T .— R eport for year ending Dec. 31 1911 was given
at length In V. 94, p. 822 , 832. See also editorial, p. 796.
C O M B IN E D RE SU LTS OF A L L IE D L IN E S (Compare V. 90, p. 910, 886).
Year ending Dec. 31—
1909.
1908.
Inc. or Dec.
Miles op era ted .................................
12,430
12,283
+147
Operating revenues..........................5236,941,707 5207,019,025 +529,922,682
Operating incom e...............................$69,601,901 551,869,626 + 517,732,275
Other Incom e...................
20,418,087
19,806,909
+ 611,178
2.500.
179,629,
10,000,
5.000,
10,000,
15.000,
10,333,
15.000,
27,985,
39,029,
1.000,
2,839,
17,500,
1.500,
575,
750,
500,
150
350
15.000
4 g &5
8 In 1911
3A &4
4 g
3H
4
3H
4
4
6 g
4 g
5 g
4g &5 g
4
5
5 g
5 &6
5
4 g
4 g
When
Payable
March
M & S
M & s
A & o
M & N
M & N
Sec text
See text
M & N
Q— J
J & J
F & A
M & N
[ VOL. L X X X X V
Last Dividend
and Maturity
Mch 1 1912
Aug 31 1912
Aug 31 1912
Oct 1 1937
May 1 1931
May 1 1946
Oct 1 1912
Oct 1 1912
May 1 2000
O ct 1 1912
Jan 1 1921
A ug 1 1923
May 1 1923
Places Where Interest and
Dividends are Payable
3% Grand Central Term , N Y
do
do
2A
do
do
‘2 A
Union Trust Co, N Y
Grand Central Term , N Y
50 Church St, New York
2% Grand Central Term , N Y
do
do
2%
do
do
I A Del Lack & W estern,N Y
do
do
do
do
do
do
M & S Sept 1 1941
Liberty Nat Bank, N Y
o —-M 30 Sep 30 1912 2% Co’s office, New Haven
M & S Mch 1 1947
Lincoln Nat Bank, N Y
do
do
F & A Feb 1 1914
Second Nat Bank, N II
A & O A pr l 1954
Lincoln Nat Bank, N Y
J
& J July 1 1955
Second Nat Bank, N II
& J Jan l 1956
J
Lincoln Nat Bank, N Y
M & N May 1 1956
Paris, London, &c
A & O A pr 1 1922
J & 115 Jan 15 1948
New Haven Savings Ilk
A & O A pr 11942
Farmers’ L & T r Co, N Y
M & N N ov 1 1937
Safe Dep & Tr Co, Boston
J
& J July 1 1945
Coup, office; reg mailed
A & O Apr 1 1939
New Haven, Conn
M & N May 1 1918
Lincoln Nat Bank, N Y
.1 & .1 July 1 1922
New H aven, Conn
& J July 1 1920
J
do
do
A & O Apr 1 1925
do
do
J
& I) June 1 1955
New York
M & N May 1 1954
NEW YORK CHICAGO & ST. LOUIS R R .— (See M ap of New York
Central & Hudson R iver.)— Owns from Buffalo, N. Y ., to Illinois State Line,
except 8 m. leased bet. Dunkirk anil Silver Creek, leaving 494 m .; leases the
proprietary line, Chic. & State Line R R ., III. State line to Grand Crossing,
10 m .; also leases Dunkirk to Silver Creek, 8 m .; total, 512 m .; trackage In
Buffalo, N. Y ., I A m ., and Gr. Crossing, Chic., 111. (Lake Sh. R R .), 9 in.
S T O C K .— Lake Shore & Michigan Southern owns 56,240,000 com m on ,
56.275,000 2d preferred and $2,503,000 1st preferred stock. Atter 5 %
dividends on the $14,000,000 com m on stock, all classes of stock share alike.
DIV S. (since 1901) '02 t o '06. ’07. ’08. '09. 1910.
1911.
1912.
Second preferred......... 3 yrly. 4
— 5 % yearly (now 2 A % semt-ann.) —
C om m on ........................ ................. None--------------- 3 % annually In March.
BO N D S.— A m ount sink, fund for first mtge. bonds $100,000 (so long
as the bonds could be bought at or below 102) decreased the amount out
standing from $20,000,000 to 518,979,000. See mtge. abstract, V. 45, p.
541. The 510,000,000 debenture 4s sold for equipment, & c., will be secured
by any new mtge. V. 82, p. 693; V. 86, p. 1344; V. 88, p. 1002. On
Feb. 8 1910 made 4 % 5-year equipment agreement. V. 90, p. 772.
E A R N IN G S.— 8 m o s .,/1 9 1 2 ...........Gross. 57,642.438; net, $1,888,342
Jan. 1 to Aug. 31. 119 1 1 -........ Gross, 7,307,130; net, 1,909,525
R E P O R T .— Report for 1911 was In V. 94, p. 1246. Principally a freight
line, freight In 1910 contributing $9,275,437 out o f $11,238,877.
Year ending Dec. 31—
1911.
1910.
1909.
Railroad rev en u es................................. .$11,258,008 $11,238,877 $10,076,207
Operating incom e_____________________ $2,850,085 53,038,550 $2,995,867
Other Incom e_________
149,834
280,339
260,040
Gross corporate Incom e......... ........... 52,999,919
Interest on bonds.........................
$1,161,893
Hire of equipment, other rents, & c._
322,957
DIv. on 1st and 2d pref. ( 5 % ) ............
800,000
DIv. on com m on stock ( 3 % ) ..............420,000
53,318,889
$1,168,950
290,115
800,000
420,000
53,255.907
$1. 175,286
377,141
800,000
420,000
Balance, surplus__________________
$295,068
$639,824
$483,480
Pres., W m . H . Cannlff.— (V. 92, p. 1024; V . 94, p. 1119, 1246.)
NEW YORK CONNECTING R R — T o own a new route for the Inter
change o f passenger and freight between the Pennsylvania and New York
New Haven & Hartford R R ., which own the entire 53,000,000 stock.
R oad will be abou t 9 miles long, extending from connections with the L ong
Island R R . and the East River tunnel of the l’ cnn. R R . near L. 1. City, via
Its own bridge at Randall’s Island, to Port Morris, N . Y . (V . 90, p. 503.)
T o be operated b y the N. Y . N. H . & II. R R . and results shared with the
Penn. R R . In proportion to respective earnings on freight Interchanged.
Cost of construction to be provided by an Issue of 4 % bonds limited to 530,
000,000, guaranteed join tly by Penn, and N. Y . N . II. & I I . V . 93, p. 867;
V . 94, p. 706: V. 95, p. 9 6 8 — (V . 95, p. 968.)
NEW YORK & GREENWOOD LAKE RY.— (See M ap of Erie R R .) —
Owns from Croxton Jet., N. J ., to Sterling Forest, 42 in., and branches to
RIngwood, &c., 8 m .; YVatchung R y ., Forest Hill to Orange, N. J ., 4 m ;
total owned, 54 m . Stock, 5100,000; par, 550. Leased to Eric R R . for
999 years from May 1 1896. Prior lien bonds are guaranteed, prln. and lnt.,
by Erie. See V . 63, p. 513; form o f guaranty, V . 65, p . 463.
NEW YORK & HARLEM RR.— (See N . Y. Cent. & Hud. R io. R R .)—
Owns steam road N. Y . City to Chatham, N. Y ., 136 m. Also owns street
railroad on Fourth and Madison avenues, N. Y . City, 10 m.
The N. Y . Central & Hudson River R R . in 1912 acquired ' a large ma
jo rity ” of the 510,000,000 stock at 350% (or 5175 per share), plus accrued
dlvs. V. 94, P 208, 768: V. 93, p. 1788, 1600, 1696. Assets, V . 95, p . 47.
M inority stockholders’ com m ittee, V. 94, p. 1057.
The steam road (since partly electrified) was leased April 1 1873 for 401
Gross corporate Incom e......... $90,019,988
571,676.535 + 518,343,453 years to the N. Y . Cent. & Hudson R. R R . Co. for interest on the bonds and
C h a r g e s ............................
......... 547.174,341 546,471,577
+$702,764 dividends of 10% per annum, payable J. & J. on the entire capital stock.
New equip, and a d d ition s......... ..
1,923,157
4,705,548
— 2,782,391
The street railway was leased July 1 1896 for 999 years to the Metro
D ividen ds.......................................... 20,242.978
18.291,860
+ 1,9 51 ,1 1 8
politan St. R y . (now N. Y . Railways Co.) at $350,000 for the first 5 years
and 5400.000 annual rental thereafter; this Is distributed as a d lv . on the
Balance, surplus........................ 520,679,512
$2,207,550 + 518,471.962 stock, payable 2% In April and 2% In O ct., but, owing to the franchise tax
litigation, the paym ent of dlvs. out of the street railroad rental was for a
R E PO R T OF N E W YO RK C EN TR A L & H U D S O N R IV E R RR.
time discontinued or reduced. In Jan. 1912 7% was paid In full for dlvs.
Year ending Dec. 31—
1911.
1910.
1909.
Miles op era ted ..........................................
3,790
3,785
3,782 thus withheld. V . 94, p . 124.— (V . 95, p. 47, 1040.)
Railroad revenues...................
103,954,863 599,908,478 $93,171,860
NEW YORK LACKAWANNA & WESTERN RY.— Binghamton to Buf
Operating Income (after ta x e s)............ 24,356,001 $21,012,787 524,349,498
and Internat. Bridge and branches, 214 m ., o f which the main line, 213
Other I n c o m e ........................................... 16,236,180
15.446,333 11,392,859 falo
m ., Is double track; D. L. & VV. has a lease for duration of charter from Oct.
Gross corporate Incom e.....................540,592,181 536,459,120 $35,742,357
1882, giving a guaranty of the bonds and 5 % yearly on the stock. Sec form
Rentals of leased lin e s .......................... $10,036,832 $10,058,291 $9,943,577 of guaranty o f terminal bonds In V . 67, p. 1357; see also V . 08, p. 283.
Interest on bonds, & c........................... 10,323,809
9,242,868
9,854,522
NEW YORK & LONG BRANCH R R .— Perth A m b oy to Bay Head N J .,
Hire of equipment, including Interest 1,894,045
1,602,654
1,508,632
Other rents and m iscellaneous................................. 1,805,422
1,266,635
740,205 38 miles. Operated under an agreement made In 1888 for a period o f 99
years with Penn. R R . and Cent. R R . o f N. J ., which Jointly and severally
Equipm ent reserve................................. 1,227,624
guarantee Interest and 7% on the $2,000,000 stock, all owned by Central
D iv id e n d s ....................................... ........ (5) 1 1136465 (6) 13363758 (5)8,931,600
R R . of N. J. Of the bonds $192,000 are 5s.— (V. 72, p. 438.)
Balance, surplus.......................................................... 54,167,984
5924,914 54,763,820
President, William C. Brown; Chairman, Chauncey M. Dcpew; Vice
NEW YORK NEW HAVEN & HARTFORD RR.— Covers Southern New
Presidents, Alfred II. Smith, John Carstcnsen, Chas. F. Daly, Ira Place England and the only direct routes between New York and Boston
and W m . K . Vanderbilt Jr.; Treas., E. I,. Rossiter; Sec., Dwight W . Pardee
Leased (part Owned)—
M iles.
Lines owned in F ee—
M iles
Directors (April 1912), W m . K . Vanderbilt, F. W . Vanderbilt, C. M. Depew
Old Colony R R . (which s e c )___ 619
Junction near N . Y . City to
J . P . Morgan, W illiam Rockefeller, William II. Newman, Marvin Hughltt,
Lines Leased—
Springfield, Mass....... ..................122
W m . C. Brown, Geo. F. Baker, George S. B owdoln, Jas. Stillman, W . K
Providence and W orcester____
48
Boston, Mass., to Hopewell Jet.,
Vanderbilt Jr. and Lewis Cass Ledyard.— (V . 95, p. 544.)
72
N. Y ..............
214 Norw. & W orcester (which sec)
Other lines............... ......
. . 365
NEW YORK CENTRAL L IN E S — The N. Y . Central Lines equip, trusts Lines to Providence, Pittsfield,
Track
to
N
.Y
.C
lty
,&
c.(V
.8
8
,p
.5
3
)
44
Litchfield,
&
c...............................
608
o f 1907 (530,000,000 total Issue) mature $2,000,000 yearly to Nov. 1922,
and the $30,000,000 4 A % "equipm ent trust of 1910” 52,000,000 yearly to
Total operated July 1912 (129 in. has four and 856 m . tw o tracks) -.2 ,0 9 2
Jan. 1925 and the $15,000,000 4 A % “ equipment trust of 1912,” 51,000,000
yearly from 1913 to 1927. They will cover engines, passenger cars and
The New York dlvlslou has been electrified to Stam ford, Conn., and the
freight cars used b y various lines of the system , which join tly and severally electrification from Stam ford to New Haven, 39 miles, to be com pleted
agree to pay prin. and int., the larger part being for N. Y. Central and Lake early In 1913 at a cost of about $4,500,000. V. 94, p. 68. 1384. Boston &
S h o re — (V. 93, p. 1387, 1463, 1600, 1669, 1726.)
P rov. d lv., -I lm ., Is to be electrified and 4-tracked. V. 95, p. 237.
O ct ., 1912. j
RAILWAY STOCKS AND BONDS.
M iles Date
Road Bonds
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
New York New Haven & Hartford (Concluded)—
61
Naugatuck first m ortgage gold assum ed........... c*& r
Debentures.................. - ..................................................
B oston & N Y A ir Line new i t $5,000,000 (assumed)
N H 4 N ortham pton ref M $10,000,000 guar p & - Providence Term 1st M $7,500,000 g assumed-C*&r
Consolidated R y debentures....................— .............Boston R R Holding Co prcf stock guaranteed.........
P rov Sec Co deb $19,911,000 g gu red 105 beg ’ 17-c*
New ling In v & S pf stk 4% cum $10,000,000 redl05
N Y Wes & Bos 1st M $60,000,000 g red 110Q.c*&r*
15-year funding gold notes guar prln & ln t ..............
Springfield R y 4 % cum pref stock red 105 g u a r-----Conn R y & L tg 1st & ref M $15,000,000 g s f ,-E q .c*
Bonds of electric roads merged ($4,652,000 are 5s)
Other bds o f elec rds leased or contr(sce "E IR yS ec” )
New England N avigation Co debentures g o l d _____
do
do
do ____________________________
Bonds of steamship, &c, companies controlled_____
Bonds o f Leading Proprietary, &c. Lines
H olyoke & Westfield 1st M (V 92. p 322, 795) g u .c*
10
Old Colony— See that com pany
Providence & W orcester first mortgage currency—
51
New York Ontario & W estern— Common s to c k --------Refunding (first) mtge $20,000,000 g o ld -..B a .c * & r Text"
Gen M $12,000,000 gold red 110 (see text) -.N x c ’ &r
Gold notes sec 1st M E H C & I due $200,000 s -a -.c *
Equip notes due $36,000 s-a (V 90, p 9 7 7 )........... Ba
Equip notes due $35,000 s-a (V 92, p 6 6 0 )........... Ba
New York & Ottawa— First mortgage $2,500,000 g-U
128
New York Phila & Norfolk— Stock, $3,750,000----------First mtge $3,000,000 g (V 68, p 773. 978) - --F P .c*
112
Incom e m tge g non-cum regls (V 68. p 9 7 8 ) ------FP
112
1
1904
1902
1905
1906
1906
1907
mi
1909
1901
Var
Var
1905
Var
1911
1897
l"892
1905
1900
1910
1911
1905
l"899
1899
Par
Value
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$ l,0 00 & c $2,500,000
M & N May 1 1954
234.000
34* A & O Oct 1 1930
1,000
3.777.000
F & A Aug 1 1955
2.400.000
J
& D
1 1956
i.'ooo &c 4.000. 000 4 g M & S June
Mch 1 1956
See text
100 See text
1,000 19,18),000
M & N May 1 1957
100
4 .000.
000
J
& J July 1912, 2 %
$ & £
17.200.000
& J July 1 1946
*K I J
16.250.000
A pr 1 1924
100
3,387,950
4
r & j July 1912, 2 %
1,000 12.551.000 , 41* g r & j Jan 1 1951
11.046.000 :, 4 H , 5 Various 1912 to 1956
2.171.000
1 & 5
Various 1917 to 1958
3.600.000
M &M13 Nov 13 1955
675.000
4 S J
& J Jan 1 1955
1.385.000 4 to 6
Various 1916 to 1934
V
V
1,000
200.000
44*
1,000
1,500, 000
100 58,113 982 See text
1.000 &c 20,000 000
4 g
1,000
4 g
0,650 000
1,400 000
1,000
5 g
510, 000
1,000
41*
245, ()()()
1,000
1.000 &c
1,456 000
4 g
50
2,500 000 12 In ’ l l
1,000
2,600 000
4 g
1,000
1,000, 000
4
The Boston R R . HoldlnglCo. (which see), lncorp. In Mass. In June 1909,
July 1912 owned $21,918,900 of the Boston & Maine com . and $654,300
Boston & Maine pref. stock, or 53.6% of the B . & M. stock. The New
H aven com pany has acquired all the com m on shares, except Incorporators’
shares, of the Holding Co., and guarantees the $27,293,900 4 % pref. shares
(of which $24,493,900 held In New Haven treasury June 30 1912), prln. and
d lvs., thus having Indirect control of the B . & M. V. 88, p. 1621; V . 89,
p . 163, 839, 917, 994; V . 90, p. 1614; V . 91. p. 154; V . 92, p. 119.
In Oot. 1904 $29,160,000 of the $58,118,982 N. Y . Ont. & W est. com .
stock was acquired at $45 per $100 share and $2,200 of the $4,000 p ref.
and In A ug. 1912 application was made to purchase the remainder on fair
terms. V . 95. p. 481; V . 79, p. 2086, 2642; V . 80, p. 1363.
On May 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half ($2,352,052) of Its m ajority holding of
$4,704,100 pref. stock of the Rutland R R ., the other one-half having been
acquired b y the New Haven road In Feb. 1911, but purchase was temporar
ily restrained b y the lower cou rt. V. 93, p. 1600, 1788; V . 94, p. 1317.
Owns greater part o f stook o f Central New England R y . (which see) and
guarantees the $11,927,000 gen. 4s sold In May 1911; V. 92, p . 1179, 1375,
1436; V . 93, p. 866.
In 1906 acquired control of Hartford & New York Trans. Co. and In 1907
one-half o f the stock o f the Merchants’ & Miners’ Transportation Co. V. 83,
p. 890; V 84, p. 221, 271, 391, 571, 626, 749; V. 85, p. 858; V. 86.
p. 721; V. 88. p. 1002; V. 90, p. 1242, 1494. In O ct. 1912 the sale of the
stock of the New England Steamship Co. to the Eastern Steamship Co. was
under consideration to conform to Federal laws. V. 95, p. 1040.
Has trackage arrangement over Boston & A lbany R R . for 10 years from
July 1 1911, and thereafter terminable on one y ea rs notice, sharing In onehalf the surplus or deficit. V. 92, p. 882, 1170: V . 93. p. 105, 867: V. 94,
p. 834; V. 95, p. 964. Shares equally with the N. Y . Cent. & Hudson River
R R . the obligation under Its 4 4*% equipment trust for $7,500,009 (S5,500,000 bonds Issued) made In O ct. 1912 to provide the Boston & A lbany
with equipment and will own one-half of the same when fully paid. V . 95, p.
1040.
Penn. R R . on Dec. 31 1911 owned $4,062,500 stock. V . 90, p. 1425.
ELEC TR IC R A IL W A Y S .— May 31 1907 the Consolidated R y ., a con
solidation o f various controlled electric railways, chlelly In Connecticut,
aggregating about 770 m. of track, purchased the property o f the New
England Navigation Co., owning the Fall River and other steamship lines;
Its capital stock, as then Increased from $10,000,000 to $30,000,000, was
exchanged by the N. Y . N . H . & II. R R ., as owner thereof, for Its own
stock. V . 84, p. 1052, 1114, 1242, 1308. 1424; V . 85. p. 859; V . 89, p. 594.
In Deo. 1906 Consol. R y . leased Conn. R y . & Ltg. Co., operating 193 miles.
(V . 83, p. 1525: V . 84, p. 508.) The Connecticut properties are n ow
held by the Conncotlout Company, whose $40,000,000 capital stook Is all
owned b y the New Haven R R . V. 91, p. 871. Most of tne electric prop
erties In Connecticut not used In railway operation and some of the gas prop
erties were sub-leased for 994 years from O ct. 1 1911 at a rental o f $365.000
a year to the United Electric Light & W ater Co. V . 93, p. 1669; V . 94, p .
68; V. 95, p. 970. Sec ’ ’ Electric Railway Section.”
Also Deo. 1906 acquired control o f Providence See. C o., controlling street
rys. (311 m .), o f Providence and vicinity, $19,898,000 Prov. See. 4 % debs,
being guar., p. & 1. V . 83, p. 1525; V . 84. p. 1114; V . 85, p. 858; V. 92,
p. 462. In July 1909 large block o f United Trao. & E lec. Co. o f P rovi
dence stock (total outst. $8,000,000) was acquired on the basis o f 8 shares
for 5 shares o f New Haven stock. V . 89 p. 105.
In Jan. 1912 the Governor of Massachusetts vetoed the bill to form a new
corporation, the W orcester Springfield & Berkshire Street R y . C o., to take
over, consolidate and operate all street railways form erly controlled, but of
late (owing to decision of Supreme Court of Mass. In May 1908) held b y the
New England Investm ent & Security Co. (Including those controlled by
the Springfield R y . and the W orcester Rys. & Investment Co.) and the Berk
shire St. R y. V . 94, p. 1627. See V . 94, p. 208, and “ Elec. R y. S ection.”
In June 1911 took over through the Rhode Island Co. under long leases
the Providence & Danielson R y . and Seavlew R R ., 52 miles, Increasing the
street railway mileage, single track, to about 1,400. V. 92, p. 1501, 1565.
On June 30 1912 there were outstanding bonds o f electric roads leased,
Interest on which is paid as rental, other than Conn. R y . & Ltg. Co. shown
In table above, aggregating $915,000.
Owns practically alt the stock o f the N . Y . W estchester & Boston, 177th
S t., N. Y . C., and Mt. Vernon, & c.; total trackage, 74.57 miles, of which
50.57 held In fee and 24 m . under perpetual trackage rights. V . 85, p.
1143: V. 86, p. 108, 169; V . 87, p. 415, 480, 870; V. 87, p. 1420,1421; V .
88, p. 507, 625: V. 89, p. 1597; V . 90, p. 237, 914; V . 91, p. 317, 1161;
V . 93, p. 286, 346, 866; V . 94. p. 1508, 1627; V. 95, p. 48. 298, 964, 1040.
STOC K.— Authorized Issue unlimited. Issued June 30 1912, $179,583,
100. Thero was held In treasury o f New England N av. Co. and R hode
Island Co. June 30 1912 $21,571,900 and $147,900 stock, respectively.
Stockholders and convertible debenture holders subscribed late In 1909
for $44,645,400 of the new stock pro rata at 125, payable In Installments
to June 20 1911. V . 89 p. 1142, 1223: V . 90. p. 1045; V . 91, p . 941. The
stook Is also being Increased b y conversion of 3 4*3 of 1906. which conversion
Is actively going on, about $19,665,000 being converted O ctober 1912.
D IV ID E N D S .— 11873-1893.
1894.
1895 to Sept. ’ 12 (Inclusive).
9
8 (2% quarterly).
Per cen t_____ ______j 10 yearly.
BON DS.— Harlem River & Portchester D lv. is of 1904, V . 85, p . 1143.
Under lease "assum ed” debt of Old Colony R R ., which see.
Outstanding Notes; also Debentures Assumed as of July 1912 Maturity.
Notes, A c ., Outstanding Maturity Consol. R y . (concluded) —
4% 1905 — $2,309,000 Jan. 1 ‘ 55
1-year 4% $30,000.000..Jan . 15 ’ 13
4% 1 9 0 5 --. 1.340,000 A pr. 1 ’55
St. Ry. Debentures, A c ., Assumed—
4% 1 9 0 6 --. 2,011,000 Jan 1 1956
H artf. St. 4 % -.$ 1 0 5 ,0 0 0 Jan. 1 ’30
Consol. R y. (see Elec. R y. Sec.) —
3-3 4*-4% '05 972,000 F eb. 1 :30
4% 1 90 4 -..$4,255,000 July 1 ’ 54
The 3 45% cou pon debenture certts. dated 1906, due Jan. 1 1956. are con .
vcrtlblc at par of $150 for 5100 stock between Jan. 1 1911 and Jan. 1 1916,
and have been so reduced from $29,997,300 to amount shown at top of
page
V. 81, p . 976, 1039, 1493; V. 84, p. 103, 694
Am ount
Outstanding
91
A
&
O A pr 1 1951
A & O
See text
M & S
& D
& D
& O
& S
& J
& D
& J
M & N
O ct 1 1947
A ug 15 1911,2%
June 1 1992
June 1 1955
Dec’ 1 2-D ec’ 15
T o April 1 1920
T o Mch 1916
July 1 1955
May 31 ’ 12, 6%
Jan 1 1939
Jan 1 1939
New H aven, Conn
Treas, New H aven, Conn
Second Nat Bank, N H
do
do
Second Nat Bank, N H
New Y ork & New H aven
New York & London
Equitable Trust Co, N Y
Treasurer, N H aven,Con
R I Hosp & T r Co, Prov
Checks mailed
Office, Gr Cent Ter, N Y
do
do
Guaranty Trust Co, N Y
Bankers Trust Co, N Y
Grand Cent Term , N Y
Checks mailed
26 South 15th St. Phila
Checks mailed (see text)
In Feb. 1907 145,000,000 francs ($29,000,000) 4 % 15-year debentures
with a fixed rate In marks and £ were sold. V. 84, p . 391, 450, 508. 804,
931. Providence Terminal Co. bonds ($7,500,000 authorized), see V . 82.
p . 929, 629, 693. 1213, 1323; V . 83. p. 96, 819.
The $39,029,90O 6 % debentures dated 1908 and due Jan. 15 1948 are con .
vertlble Into stock after Jan . 15 1923 at par, and are to be secured by any
m tge. hereafter created covering the main lines between W oodlaw n, N. Y .
City, and Springfield, Mass., or New H aven, Conn., and Providence. R . I .
V . 85, p. 1270, 1339. 1402, 1647.
Grand Central Terminal, N. Y ., will be eventually financed through a
separate com pany, whose capital stock will be equally owned and obliga
tions guaranteed by the N . Y . N . H . & H . and N. Y . Central com panies.
V . 95, p. 984.
E A R N IN G S .— 2 m o s .,/1 9 1 2 ______Gross, $12,163,959; net, $5,057,484
July 1 to A u g. 31.
\ 1 9 1 1 ______Gross, 10,795.729; net, 4,055,751
A N N U A L R E P O R T .— R eport for 1911-12 In V . 95, p. 963.
Year ending June 30—
1912.
1911.
1910.
2,091
2,041
2,042
Miles op era ted ...........................................
Passenger ea rn in gs-...................
$26,816,435 $30,154,916 $29,005,890
Freight earnings..................................
32,130,892 30,329,092 30,110,588
Miscellaneous ..................................
5,985,738
1,669.427
1,577,189
Gross earnings....... ...............Net e a rn in g s_________________
Net, outside operations______
Dlvs. and lnt. re ce iv e d ______
Other Income, rents, & c_____
........... $64,933,085 $62,153,435 $60,693,668
______ $22,829,047 $21,254,892 $22,094,452
--------1,388,155
1,399.793
1,303,470
--------6.782,306
6,580,122
4,391,673
--------3,520,802
2,598.806
4,799.752
T otal net in com e.................................$34,520,310 $31,833,523 $32,304,347
Interest on bonds, & c .......................... $10,478,744 $10,710,389 $10,677,459
Rentals of leased lines............................. v4,474,347
4,478,324
5,133,717
T a x e s ..........................
3,792,872
3.578,363
3,983,377
Other rents and guaranteed dividends {2,182,520
1,874,135
1,702,430
Hire of e q u ip m e n t........ ....................... S
Dividends ( 8 % ) ...................
14,315,540 12,454,852
9,759,081
Miscellaneous.................. - ........................
206,276
5,000
10,490
B a la n c e ................................................ def .5929,989 $l,2 67 ,5 4 0 su r$l,037,793
Combined earnings of system , excepting N. Y . Ontario & W estern, Boston
& Maine and Maine Central for year ending June 30 1912 were: Gross,
$90,641,905; net after taxes, $27,668,627; other incom e, $4,787,487; lnt.,
rentals, & c., $19,540,611; dividends, $12,609,668; bal., sur., $305,835.
O F F IC E R S .— Pres., Chas. S. Mellen, New H aven; Sec., Arthur E. Clark;
Treas., Augustus S. May, N ew Haven, Conn.
Directors.— William Skinner, H olyoke, Mass.; Jas. S. E lton, W atcrbury,
Conn.; Chas. S. Mellen. New H aven, C onn.; J. Plerpont Morgan, William
R ockefeller, Geo. F. Baker, George McC. Miller, Lewis Cass Ledyard,
Charles M. Pratt, New York: D. N ewton Barney, Farm ington, Conn.;
Sidney W . W inslow, Alexander Cochrane and Theodore N. Vail, B oston;
R . W . T a ft, Providence: C. F. B rooker, Ansonla, Conn.; I. De V . W arner,
Bridgeport: James McCrea, Thos. De W itt Cuyler, Philadelphia, P a .;
James S. Hem ingway, Fredk. F. Brewster, A . Heaton R obertson, A . S.
M ay, New Haven; Edwin Milner, Moosup, Conn.; Henry K . McIIarg,
Stam ford, Conn.; John L . BUlard, Meriden, C onn.; Francis T . Maxwell,
R ockville, Conn.; Edward Mlllgan, H artford, C onn.— (V . 95, p. 933.)
N E W Y O R K O N T A R I O & W E S T E R N R Y — Operates from W eehawken,
opposite N. Y . City, to Oswego, on Lake Ontario, In all 566 miles, v h .:
Road Owned—
M iles.
Road Controlled, A c.—
M iles.
Oswego to Cornwall,N. Y ..............272 Pecksport, Conn, (leased )_______
4
Branch to New B erlin.......................22 Ontario Carb. & S. (leased) Cado
to D elh i........... ......................17
dosla, N. Y ., to Scranton, P a . . 74
do
to E llen v ille...................... 8 R om e & Clinton (leased ).............. *13
Utica Clinton & Bing. (leased) - .*31
Total ow n e d ................................. 319 W harton Valley (o w n e d )............. 7
Trackage (till 2079) W .Shore R R .:
Ellenville & Kingston (leased). . . 27
C’nwall to W ’ken (V .6 1 ,p.425) . 53 Port Jervis Mont. & Sum mltvllle
• See this com pany.
(owned and lea sed ).......................38
C O N T R O L .— In Oct. 1904 N. Y . N. H. & H. R R . acquired $29,160,000
com m on stook at $45 per share and $2,200 of the $4,000 p ie f., and In A ug.
1912 asked permission to purchase the remainder on fair terms. V . 95, p.
481; V . 79, p. 20S6, 2643; V . 80. p. 1363, 2458; V . 81. p. 1044.
S TO C K .— There is $4,000 old preferred.
V . 79. p. 977, 980, 1332.
D IV ID E N D S .— On com m on stock, 1905, 4 4 * % ; 1908 to 1911, 2 % each;
1912, none. V . 94, p. 1764.
BON DS, &C.— Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. & Scran. R y ., 54 miles, and all
after-acquired property. V 72, p. 87; V. 78. p 2012; V. 80, p. 651. Of
56,650,000
have been Issued and appllcathe $12,000,000I gen. M. 4s
4s of 1904 $
6 ...............................................................
tlon made In June -----1912 to ‘Issue 52,171,
— ‘ 71,0 03 additional. V . 79, p . 1332. 1462;
V. 92, p. 462; V. 04. p. 1508.
Early In the calendar year 1899 the coal properties at Scranton, P a ., of the
Lack. Iron & Steel Co. (the capacity of the collieries then open being about
700,000 tons per annum) were purchased b y the Scranton Coal Co , aided
b y loans from the N. Y. O. & W .. the latter issuing Its $2,500,000 5% notes
(final installment paid Feb. 1911), and loaning $1,475,000 (of which
$305,000 has been repaid), the O. & W. obtaining contract for entire ton
nage. V. 68, p. 41. 429; V. 69, p. 604, 646; V. 81, p. 1792.
In N ov. 1900 eight Independent anthracite properties with a maximum
output o f 2,000,000 tons annually were merged as the Elk Hill Coal & Iron
C o., the N. Y. O. & W . Issuing its $3,500,000 5 % s. f. first Hen gold notes
secured by the Coal & Iron C o.’s 1st m tge., these notes maturing $75,000
each 6 m os., beginning June 1 1901, to June 1 1911, and thereafter $200,000
92
R A IL R O A D C O M P A N IE S
[For abbreviations, &c., see notes on first page]
1887
1894
1887
1887
1907
1880
1881
1887
1887
1890
1893
1892
1911
1891
1904
1902
1911
1903
1905
1907
1910
1911
Rate
When
Payable
5 g
4 g
5 g
to 5
4 g
5 g
5 g
5 g
4 44 g
5 g
5 g
5 g
444
A
A
M
&
&
&
F
A
J
J
F
F
M
J
F
70,000
44,000
450,000
5
5
6
J
J
M
50
103,850
6
500 &c
1,000
1,000
500 &c
125.000
175,000
250,000
195,000
6 g
5 g
5
4 g
$1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1885
1896
1893
A nton io
1911
1902
1898
1905
Amount
Outstanding
Par
Value
M iles Date
Road Bonds
New York & Putnam — X Y & North 1st M g o ld ------c
57
57
N Y & Put cons $6,200,000 g guar p & 1 (en d ). Un.c
12
N Y & R ockaw ay Beach— 1st M $1,000,000 g gu .C e.c
12
S econd m tge Income bonds non-cum ulatlve____Ce.r
9M
N Y Short Line—-1st M $ l,5 0 0 ,0 0 0 g g u p & I--P c P .x c *
72
N Y Susq & W est— Midland R R 1st M g ext ’ 10-Ce.c*
1
Paterson E xten R R 1st M ext In 1910 at 5 % s t g .c *
127
New York Susq & Western first M ref g . ......... Ce.c*
127
Second M ($1,000,000 gold) :3d M on 72 m -C e .c *
127
General m ortgage for $3,000,000 g o ld _____ Ce.c*
Terminal first m tge for $2,000,000 g o ld ____U s.c’ &r
65
Wlllces-B & E ’n 1st M g gu p & 1 (V 60, p 481) -G .c*
Equipm ent notes series A due $40,000 semi-annually
Allied Companies—
3
Passaic & N Y 1st M (999 years rental) ext 1910—
2
M acopln R R first m tge (branch to M acopln Lake) -N Y & W ilkes-Barre Coal Co first m ortgage----------N
New York Texas & M exico— See Galveston Harrisburg & San
4
Newark & B loom field— Stock, 6 % rental.....................Newport & Cincinnati Bridge— See Louisville & Nash vllle
15
Nezperce & Idaho— 1st M red part yearly 105—CC.c*
Niagara Junction R y— First M $650,000 g o ld --B a .c* T ext
6
Norfolk & Portsm outh Belt Line— First m ortgage_FP
4.6
Ellz R Iv 1st M g gu p & 1 s f red 105 since ’ l l -G P .c*
Norfolk & Carolina— See A tlantic Coast Line R R
Norfolk Southern— Stock $16,000,000 authorized-----223
First m ortga ge--------------------------------- ------------ Mp,c*
223
First general m ortgage gold redeem able at 115 — G
75
Suffolk & Carolina first cons mtge gold red 110- --c*
504
1st & ref M $35,000,000 red 105 beg 1915 _Ce.xc*&r*
32
Raleigh & Cape Fear 1st M g ............................. C K .c*
61
Raleigh & Southport first m ort $2,000,000 ------ CI<
do
do
general m ortgage $20 0 ,0 0 0 -N
82
Aberdeen & A sheboro 1st M $164,000 g --M eB a .c*
Norfolk Term inal— 1st M $2,000,000 g gu re .- - - G .c *
500
1,000
500
100
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
semi-annually to Dec. 1 1915. The notes are secured pari passu with the
bonds Issued under gen. m tge. o f 1905. V . 71, p. 1270; V . 73, p. 501.
E A R N IN G S .— For 2 months ending A ug. 31:
2 Months—
Cross.
Net.
Charges.
B al.,S ur.
$843,829
$240,007
$603,822
1 912............................ $2,001,665
1911_______________ 1,884,010
641.250
215,989
425,261
R E P O R T .— For 1911-12 In V . 95, p. 746. Coal traffic In 1911-12, 3,794,
171 tons (out of 5,944.499 tons), against 4,342.107 tons In 1910-11.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Gross earnings- .......................................... $8,527,914 $9,295,702
$8,578,783
Net earnings over ta x e s ........................... 1,764,066 2,496,483
2,441,100
T otal net Income, Including “ other” - . 2,126,983 2,880,626
2,844,417
Interest on funded d e b t ........... - ............. 1,107,453 1,030,881
957,920
Miscellaneous Interest and discount___
129,675
142,496
152,056
421,044
Rentals and hire of equip m en t---------416,126
564,313
1,162,328
D ividends.....................................................
210 1,162,336
B a la n ce ................................................... sur.$473,519 def.$19,400sur.$150,470
Pres., Charles S. Mcllen. Office, Grand Central Term . B ldg., 70 E . 4.3th
S t.— (V . 94, p. 1250, 1503, 1764; V . 95, p. 358, 481, 746, 818)
N E W Y O R K & O T T A W A R Y . — Tupper Lake, N. Y ., to Ottwaa, Can.,
126 miles. Including Ottawa & N. Y ., whose stock Is owned. Successor to
the N. Y . & Ottawa R R ., acquired b y the N. Y . Cent. & Hud. R iver R R .
•at foreclosure sale on Dec. 22 1904, which leases the road from Feb. 1 1905.
V . 79, p. 2796: V. 80, p. 223: V. 86, p. 286. V . 80, p. 2458; V . 81, p. 265.
Earnings Included with those of N. Y . Central.— (V. 86, p. 286.)
N E W Y O R K P H I L A D E L P H I A & N O R F O L K R R . — In Jan. 1909 all but
$7,250 of the $2,500,000 stock had accepted the offer of the Pennsylvania
R R . to buy the stock with 4 % 40-year trust certts., guar. prln. and Int. by
Penna. R R . on basis of $3,000 certfs. for $1,000 stock (V. 90, p. 977). In
1910 stockholders authorized increase In stock, $2,500,000, to $3,750,000.
V . 90, p. 1102; V . 94, p. 1508, 1027.— (V. 94. p. 1627.)
N E W Y O R K & P U T N A M R R . — Owns 155th St. and 8th A v e., N. Y .
C ity (terminus Manhattan E levated), to Brewsters, N. Y ., 54 miles; double
track branch to Yonkers, 3 miles; controls b y stock 2 m .; total, 59 miles.
H IS T O R Y .— Successor to the N. Y . & Northern, sold under foreclosure
of 2d mtge. Dec. 28 1893 and purchased for N. Y . Cent. & Hud. R iver R R .,
which owns $6,500,000 stock and leases the road. See V . 63, p. 754, 820,
1159; V. 81, p. 265. N. Y . Central guarantees the consolidated mortgage
bonds, of which $1,000,000 were reserved for Improvements; also $1,200,000
o retire at m aturity the first 5s.— (V. 82, p. 272.)
N E W Y O R K & R O C K A W A Y B E A C H R Y . — Owns Glendale Jet. to R o ck
away Park. 10.67 m ., with branch, 1.67 m .; total, 12.34 m .; double-track.
S tock, $1,600,000: par, $100. Leased 50 years from July 1 1904 b y Long
Island R R . Co., which owns $972,200 stock, whose endorsement Is printed
on 1st M. bonds. On Jan. 1 1912 $101,000 firsts were owned by L. I. R R .,
together with $978,000 of the Incomes. V. 83, p . 890. Cal. year 1911,
gross, $1,138,934: net, $332,470: charges, $209,721; rental received,
$335,170; balance, surplus. $122,749.— (V . 83, p. 890.)
N E W Y O R K S H O R T L I N E R R — Owns a cut-off for the Reading Co.
between Cheltenham and Neshamlny Fails,'-9.25 miles, opened May 1906.
V . 79, p. 1038. T o be 4-tracked— 2 tracks laid at present and on 2 miles
3 tracks. Leased to Phlla. & Reading R y. for 999 years from Feb. 1 1907.
The $250,000 stock Is owned b y Reading Co., which guarantees the bonds,
principal and Interest.— (V. 84, p. 1552; V. 87, p. 1421.)
N E W Y O R K S U S Q U E H A N N A & W E S T E R N R R . — (See Erie M ap.)
fimnpil.
(In fee)
fpp\ or
nr entire
pntira stock.
Qtnrlf Miles. ^llcminhnnno
Owned (in
Susquehanna f’Annooflnri1
Connecting D
RD
R ____ 8
Jersey City to Stroudsburg, P a . . 99 Other branches....................................24
(D ouble tracu 19 miles.)
Leased— Mid. Un. & W ater G a p .. 14
Beaver Lake, N. J ., to UnionvIUe. 21 T ra ck a g e ............................................ 8
W llkesbarre & E astern..................65
Total road operated June 30 1912
.239
ST O C K .— Pref., $13,000,000: com ., $13,000,000, of which the Erie
owned June 30 1912 $25,599,002 com . and pref.— of this, $6,630,000 com .
and $12,936,000 pref. being deposited under Its mortgages. Dividends on
p ref., N ov. 1891 to 1892, 2>4% yearly; none since.
B O N D S.— General 5s are reserved to retire 2d 4 44s. See abstract, V . 52,
P. 84. The seconds are exchangeable for generals on paym ent of an assess’ t.
Terminal bonds, see Issue of Jan. 1898 and abstract, V. 57, p. 512.
The $3,500,000 Midland R R . 6s were extended 30 years from 1910 at 5%
and $200,000 Paterson E xt. 5s 40 years at same rate. V. 90, p. 373, 91.
Suit, V. 93. p. 469.
In July 1911 sold $800,000 4 )4 % equipment notes due part semi-annually
to A ug. 1921. See Erie Item, V . 93, p. 163.
E A R N IN G S.— 2 m o s .,/1 9 1 2 .................. Gross, $595,498; net, $109,711
July 1 to A ug. 31.
11911...................G ross, 660,190; net, 208,960
R E P O R T .— For 1911-12 In V . 93, p. 1102.
Year—
Gross.
Net.
Other Inc.
Charges.
Net Income.
191 1 -1 2 --------$3,073,270 $1,045,873 $179,070 $1,052,049 sur.$l72.894
1 9 1 0 -1 1 ------- 3,876,678
1,372,032
156,874
994,400 sur. 534,536
1 9 0 9 -1 0 ------- 3.474.360
1,074,935
130.938
1.016,119 sur. 189,752
— (V. 91, 1156; V. 93, p. 470, 1022, 1102, 1463; V . 95, p. 968.)
N E Z P E R C E & I D A H O R R . — Owns Vollm er, Id a ., on Northern Pacific,
easterly to Nezperce, 13.8mlles. opened June 15 1910. Stock auth., $500.
000; issued, $120,000. Of the serial 6s ($300,000 auth.), the $125,000 is
sued mature yearly Jan. 1 1913 to 1925, v iz.: $5,000 In 1913 and 1914,
$10,000 yearly 1915 to 1924 and $15,000 In 1925. A dditional bonds may
be Issued for additions and extensions at 70% of cost, but only when the net
earnings for the preceding 6 m os. are twice the interest charges, Inc1., bonds
then to be Issued
Redeemable In blocks of $5,000 or multiples In order o
earliest maturities, on any int. day. at 105 and int. V . 92, p. 1566.
For yearjcndlng June 30 1912, gross, $43,538: net (after taxes), $21,549;
Int. charges, $7,519; bal., surp., $14,030. Pres., Z . A . Johnson, Nezperce,
I d a h o .— (V . 92, p. 1566.)
N I A G A R A J U N C T I O N R Y . — A terminal and switching road extending
from Niagara Falls, N. Y .. to Fletcher’s Corners, N . Y 4.86 miles; factory
[VOL.
RAILWAY STOCKS AND BONDS
$1,200,000
4,025,000
984,000
980,000 U p
1,500,000
3,483,000
200,000
3,745,000
447,000
2,552,000
2,000,000
3,000,000
720,000
16,000,000 2 in 1912
1,655,000
5 g
825,000
5 g
650,000
5 g
5,837,000
5 g
137,000
5 g
374,000
5 g
176,000
6 g
164,000
5 g
1,000,000
4 g
Last Dividend
and Maturity
LXXXXV.
Places Where Interest and
Dividends are Payable
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O Oct 1 1927
o Oct 1 1993
s Sept 1 1927
Sept 1 1927
A Feb 1 1957
O A pr 1 1940
D June 1 1950
.1 Jan 1 1937
A Feb 1 1937
A A ug 1 1940
N May 1 1943
D June 1 1942
A T o A ug 1 1921
Reading Term inal, Phlla
Office, 50 Church Street
do
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do
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Commercial T r Co, Phlla
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D Dec 1 1940
D Dec 1 1916
N N ov 1 1933
Office, 50 Church St, N Y
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V 84, p 342; V 94, p 1701
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O Oct 1 1912, 3 % 90 W est St, New Y ork
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T o Jan 1925
A ug 1 1922
Feb 1 1938
Oct 1 1935
Quar Oct 1 1912,44%
& N May 1 1941
& .1 July 1 1954
& J July 1 1952
& A Feb 1 1961
& S Mch 1 1943
& 1) June 1 1965
& o Oct 1 1917
& J Jan 1 1940
& N May 1 1961
Grand Cent T erm , N Y
do
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U S Mtge & T r Co, N Y
Chicago, 111
Bankers Trust Co, N Y
Fidelity Trust Co, Phlla
Girard Trust Co, Phlla
Checks mailed Norf office
Metropol T r Co, N Y
Guaranty Trust Co, N Y
International T r Co, Balt
Columb K n lc k T rC o , N Y
Columb K nlck T r C o,N Y
New York Trust Co, N Y
Merc T r & S Dep C o,B alt
Guaranty Trust C o, N Y
sidings, 6.38 m . Stock, $160,090 com . and $140,000 8 % cum . pref.; all o f
com . and all the outstanding pref. being owned b y Niagara Falls Power
Calendar year 1911, gross, $71,723: net, $41,854; other Income. $978;
Int. and taxes, $13,518: bal., sur., $29,231. Pres., Edward A . W Ickcs:
V .-P ., Philip P . Barton; Sec.. Fred’ k L. L ovelace: T reas., W . P axton
Little. New York office, 15 Broad Street.
NIAGARA WELLAND & LAKE ERIE R Y — V. 95, p. 680.
NORFOLK & PORTSMOUTH BELT LINE RR.— Owns P ort N orfolk to
Berkley, V a ., 5.8 miles, and Southern branch extension, 6.09 m .; operated
under lease, 1.35 miles. In N ov. 1909 acquired entire stock o f Elizabeth
R iver R R ., whose bonds are guaranteed. V. 90, p. 1014. S tock, $50,400,
all owned by A tlantic Coast Line, Norf. & W est., Ches. & Ohio, N. Y . Phlla.
& Norfolk, Seaboard A ir Line and Norf. & South. $100 shares. Bonds,
sec table. Calendar year 1911, gross, $207,787; net, $63,521; other In
com e, $20,001; Int. on bonds, $20,350; m isc., $245; bal., sur., $62,928.
NORFOLK SOUTHERN RR.— Mileage, A c.— Operates 607.70 miles,
extending from Norfolk, V a., to Raleigh, Goldsboro and B eau fort, N. C.,
with branches. Of this total the com pany owns 508.03 miles and leases 95
miles (from Goldsboro to Morehead C ity), and has trackage rights on 4.67
miles; 45.93 miles Is equipped electrically. A t N orfolk the com pany has
connection with steamship lines which furnish practically a dally service to
W ashington, Boston, R ichm ond, Baltimore, Philadelphia and New Y ork.
Trains are operated over the Albemarle Sound trestle, giving rail connection
to all the com pany’s lines. Owns entire capital stock and bonds of John L.
R op er Lum ber C o., owning over 600,000 acres of tim ber lands and 200,000
acres of tim ber rights. V . 87, p. 1415.
In July 1912 arranged to purchase Raleigh Charlotte & Sou. R y ., w hich
early In 1912 absorbed the Aberdeen & Ash. R y ., Durham & Charlotte R R .
and Raleigh & Southport R y ., together operating 228 miles In the Piedm ont
section of North Carolina, with 25 miles under construction. T he Aberdeen
& Asheboro extended from Aberdeen to Asheboro, N. C ., 56 miles; BIscoe
to Mt. Gilead, N. C ., 22 m .; West End to Jackson Springs, N. C ., 4 m .;
Candor to Ellerbe, 1 7 'A m ., and leased Carthage & PInehurst R R ., 12 m .;
total, 112 miles. The Durham & Charlotte R R . operated from T roy to
Colon, N. C., 50 miles, and the Raleigh & Southport R y. from Raleigh,
N . C ., to Fayetteville, 64 m ., Including 2 miles of trackago, and had under
construction a branch to Sanford, 25 m . V . 93, p. 1463: V . 95. p . 48.
O R G A N IZ A T IO N .— Successor May 5 1910 to N. & S. Railway, foreclosed
D ec. 7 1909 per plan V. 87, p. 614, 678. Incorp. In Virginia May 2 1910.
STOCK A N D B ON DS.— Under plan in V . 87, p. 614, 678. the new co.
authorized $16,000,000 stock and $12,000,000 "first & refunding” M. 5s.
The stockholders on Feb. 28 1911 authorized a new "first and refu nding"
m ortgage to secure an Issue o f $35,000,000 bonds to replace said $12,000,000
m ortgage, which was found Insufficient for future needs. Of the new bonds,
$8,100,000 were made Issuable for general corporate purposes, o f which
$5,837,000 were sold, $4,360,000 of the proceeds being used to retire the
collateral notes, the collateral trust Indenture and the old first nd ref. M.
being canceled), $3,130,000 are reserved to retire a like am ount o f under
lying bonds, leaving $23,770,000 available for future purposes, o f which
$10,000,000, however, will be Issuable only upon vote of three-fourths o f
the directors and a m ajority of the stock for additional road.
The new bonds are secured b y a first m ortgage on 215 miles and, subject
to underlying Issues aggregating $3,130,000, on 293 additional miles, and
also b y a first lien on practically the entire equipm ent, valued at $2,309,973;
also by a first lien on the entire stock ($1,000,000) and first m ortgage bonds
($5,000,000) o f the John L . Roper Lum ber Co., owning 10 planing,
@FedFRASER