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OF

FoMMERCIAL~&

THE

FINANCIAL QhRONICLE.

WILLIAM B, DANA & CO., PUBLISHERS,
79 & 81 WILLIAM STREET,
3MEW

PRICE

PER

COPY,
Free to

[Entered according to




Act of

YORK.

T W O

Subscribers of the

DOLLARS

CHllONICTiF.

Congre“sB in the your 1*3, Of W.LL.A* 8. DANA A Co., .a the o«cc of the librarian of Congress. Washington. D. C.

JOHN a KENNEDY.

j. KENNEDY TOD.

J.

ALEXANDER BARING,T

Member N. Y. Stock Exchange.

S.

KENNEDY & CO.,
WILLIAM

No.

Act

0. H. NORTHCOTE.

63

STREET,

BANKERS.

Agents for Banks, Bankers and Railroad
Companies.
Issue commercial
credits, also foreign and domestic travelers* letters
as

of credit in

pounds sterling and dollars.
SECURITIES.
Buy and sell bonds, stocks and securities in all
American, Canadian, British and Dutch markets.
Collect dividends,
coupons and foreign and inland Drafts. Sell Bills
of Exchange on
Melville, Evans & Co., C. J. Hambro &
Son, LONDON; H. Oyens & Son,
AMSTERDAM; Hottinguer & Co., PARIS.
OFFER

THE

NEW

ENGLAND

OFFERS FOR SALE

5

PER

INVESTMENT

MORTGAGE SECURITY COMPANY
CENT
,BONDS, DUE

Secured by First

GUARANTEED,

PRINCIPAL AND

Mortgages

INTEREST,

or

JULY

1,

1902, $1,000 EACH,

Improved Farms.

BY

ITS

Interest Coupons Payable July 1

and

CAPITAL

STOCK

OF

#1,000,000.

January 1.

Bonds registered to order or
payable to bearer at option. These bonds are
are believed to be as perfect a
commended to the attention of the most
security as can be obtained. A pamphlet with
conservative Investors,
full information will be sent on
to the

they

application

No.

43
MILK
Vice-Presidents—Thomas Wigglesworth, Elisha Atkins, Amos
Directors—Austin
New

Charles L. Flint, Boston.

Corbin,

York;

Henry Saltonstall,

STREET,

BOSTON.

T. Frothingham, John
Webster, Boston;
I. D. Farnsworth, E. Ellerton

Myron P. Bush, New York.
Pratt, J. Baxter Upham. Francis A. Osborn,
CHARLES L. FLINT, President.
J. F. F.

LAWRENCE BRO’S & GO.,
BANKERS

AND

IVo.

STOCK

31

Broad.

NEW
DEWITT C.

COMMISSION

ALBERT E.

BROKERS,

Street,

8 & 10

Bonds

and

YORK.

LAWRENCE,

BREWSTER, Treasurer.

HACHFIELD,

PINE STREET.
Investment

Securities.

WANTED:

CYRUS J.

LAWRENCE,

Indianapolis &,

St. Louis lsts.

Joliet & Northern Indiana lsts.

Members of New York Stock
Exchange.

Cincinnati Hamilton & Dayton Bonds.

Brinckerhoff, Turner & Co.,

Central American Transit Stock,

Mexican (Corlies) Bonds.

Manufacturers and Dealers in

COTTON

SWAN & BARRETT,

DUCK

BANKERS A

BROKERS,

FOR

IVo.
CAR COVERING AND CAR
14 to 150 INCHES

SEATS,

COTTON CANVAS, SAIL DUCK, FELTING
DUCK, BAGGING,
RAVENS DUCK,'SAIL TWINES,
&C„ u ONTARIO”

%

United States
A full




Bunting Company.

supply, all Widths and Colors, always in Stock.

Street,

Government, State, County, City and Railroad
Bonds, Bank Stocks, &c.
Desirable Investment Securities
constantly on hand.

JOS. G.

SEAMLESS BAGS, “ AWNING STRIPES.”

Agents

Middle

Dealers in

And all kinds of

Also

186

PORTLAND, ME.

WIDE,

STOCK

MARTIN,
BROKER,

AND DEADER IN

INVESTMENT SECURITIES,
v

109 DUANE ST., NEW YORK.

as

Co.’s office,

No. 10 State Street, Boston.

Commercial & Financial Chronicle.
[Entered according to act of Congress, in

the year 1883, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, I). C.]

NEW

YORK,

OTCOBER 27, 1883.

the words “net earnings'’where the phraseology
preferred stock shall be entitled to a dividend
of
per cent out of net earnings.”
Of course, while
this point remains in doubt, railroad managers can pursue
(jj^ontmcrcial ft
almost any course they please in that regard, so long as no
dividends are paid on the common stock,
it is well to
Tlie Supplement contains a complete exhibit of the Funded Debt oj>
remark, however, that the uncertainty in which the mat¬
St ates and Cities, and of the Stocks and Bonds of Railroads and other
It is- published on the last Saturday of every other ter has heretofore been involved, has had its good results
Companies.
month—viz., February, April, June, August, October and December.
in making the framers of stocks of this kind more careful,
It is furnished without extra charge to all regular subscribers o1
the Chronicle.
Single copies are sold at $2 per copy.
and pretty nearly all the recent issues of preferred stocks
WILLIAM B. DANA A: CO., Publishers,
state the preference with much greater clearness, and even
79 <£ 81 Williain Street.
go so far in some cases as to define the term net earnings.

SUPPLEMENT

INVESTORS’

OP

upon

reads “the

TUB

—

jfimmrial (fibromdc.

In

PREFERRED RAILROAD STOCKS.

preferred stocks
Exchanges, the subject of the advan¬

With the increase in
dealt in at the Stock

the number of

preference held by this class of shares over
ordinary shares is assuming greater importance. Some
tage

or

extended article was given in the Supple¬
showing some of the peculiarities of the different
issues of preferred stocks outstanding, but there have been
so many
additions to the list since then, and inquiries con¬
cerning these stocks are so frequent, that it seems desir¬
able to bring together once more all the available infor¬
years ago, an

ment,

mation upon

the subject.

case

of the New York Lake Erie & Western, which

perhaps the most important of its kind, the point turned
upon the right of the management to divert net earnings
from dividends upon the preferred stock to the making of
improvements. There was no question as to the net earn¬
ings. It was admitted that there had been a surplus (the
year covered was that of 1879-80) above expenses, inter
est charges, &c., but it was claimed that the board of
directors had the right to use the surplus for the benefit
of the whole property, if they so saw fit, and further that
that was the general understanding at the time of the
reorganization. It was argued, too, that the phrase “ as
declared by the board of directors,” as given in the cer¬
tificate of incorporation, referred to the word “ dividend ”
and not to the word profits.
But the court remarked that
the profits that belonged to the preferred stockholders
“could not be passed by for the benefit of other interests,
however intimately connected, any more than other
property of the preferred stockholders could be appropri
ated to the same purpose, on the ground that such appro
priation of it would be for the best good of the whole.”
A decree was accordingly given (Judge Wheeler, U. S.
is

general character of a preferred stock is, of course,
pretty well understood. We all know that it possesses
some superiority over common or ordinary stock.
The
precise extent of this superiority, however, in any given
case, is not so well known, since the preference is widely
different in the case of different companies, and depend¬
ent upon the contract expressed in the certificate of stock
or act of incorporation, defining the rights and privileges
to which the same is subject.
Many persons will buy a
preferred stock rather than a common stock, simply Circuit'Court) in favor of the plaintiff, but the company
because they think the former is surer of dividends has appealed to the U. S. Supreme Court, where the case
than the latter, but without any exact knowledge of the awaits a final decision of the point at issue.
The

“

“

“

terms of

preference.
legal status of

a preferred stock has not yet been
determined with sufficient clearness.
In this respect the
Tbe

Aside, however, from the right of directors to pay or
withhold dividends, each preferred stock has its own

peculiarity or individuality, which is really more import¬
stock is very much like the income bond.
The holder of ant than any general point in dispute. The stock may be
either kind of security must look partly to the animus of cumulative—that is, if dividends are not earned in one
those in control for his interest or dividends. Even where year they may be a charge upon the earnings of subse¬
liability for the charge is admitted, the directors frequently quent years until paid in full—in which case the stock
make payment, not at the time when the interest or might bear a large amount of accumulated interest mate¬
dividend has accrued, but at a subsequent period, as wit¬ rially enhancing its value, or the stock may have no claim
ness the 55 per cent bond payment in
1881 on the St. for dividends except upon the earnings of each particular
Louis Alton & Terre Haute preferred stock, and the 12 year.
Then, the rate of dividends may be limited to a
fixed
percentage which can not be exceeded in any event,
per cent dividend in 1883 on the New York Ontario &
or the stock may be entitled to share with other classes of
Western preferred stock.
The question of the rights of preferred stockholders has stock in any surplus above a certain amount.
In the case
of the St. Louis & San Francisco first preferred stock,
come up in the courts a number of times, but there does
not appear to have been in any case a clear adjudication there was a priority of lien upon net revenues for its divi¬
of the point as to just what interpretation should be placed dends over any mortgage subsequently created.
In the




USVESTOKIS’

£
of Northern Pacific

preferred, the payment of a divi¬
dend is subject to the requirements for additional equip¬
ment, and the stock also has the provision (recently become
famous by the operations on the stock market) that no fur¬
ther mortgage after the first can be placed upon the prop¬
erty unless approved by at least three-fourths of the pre¬

case

ferred stockholders.
The several conditions

pertaining to each stock will be
It is scarcely necessary to
say that many of these stocks are introduced here, not
because they are paying dividends or have any immediate
prospect of doing so, but merely because of their belong¬
ing to the general class of preferred stocks, and the lht
would be incomplete without them.
found

in

the extracts below.

BUFFALO NEW

YORK

A PHILADELPHIA.

The certificate of this company leaves no doubt as to
dividends are cumulative.
It says that dividends are

only out of the earnings of each

year,
said dividends shall be non-cumulative :

whether
payable
and then reiterates that

IOWA.

CENTRAL

fV0L. XXXVII.

dividend of 3 per cent on the common stock, both classes of
be entitled to equal rates per share in any further dividend.”
CHICAGO ST.

the preference of each class

LOUIS &

PITTSBURG.

The owner hereof is entitled to dividends each year, if earned, to the
extent of six per cent per annum, or so much thereof as may be earned,,
payable semi-annually on the lirst days of May and Novemb. r, in prefer¬
ence to the payment of any dividend on the common stock.
Such divi¬
dends shall be cumulative at the rate of six per cent .per annum from
May 1, 18.S3, but without interest on delayed payments, and dependent
**

shall be declared by the board of directors, and it is
be 1 he duty of the hoard of directors to determine vv hat
dividend, if a n.v, may be due,''upon the conditions named herein, as soon as
possible after the lirst of January in each year. In case the net profits in
any six months applicable to the payment of dividends as herein pro¬

protits

on

as

t he

same

hereby declared t

>

vided do not amount to one 'per cent on the amount of outstanding preferrod stork, such net protits shall be carried to the credit of net profits of
the six months following.”

CHICAGO ST.

The

MINNEAPOLIS & OMAHA.

PAUL

preference are given very briefly in the pre¬
ferred certificates, and the last clause is somewhat peculiar.
“The preferred stock shall receive a dividend of 7 percent per annum
prior to the common stock, to bo declared and paid from the net earnings
of

terms

of any year, but shall not he cumulative.
he paid in any year to holders of common

ferred stock.”

This reorganized company
tificates of preferred stock :
“This preferred
cent foreaeh year

No greater dividend shall ever
stock than is paid on this pre¬

WASHINGTON &

BALTIMORE.

has the following terms in its cer¬

stock is entitled to dividends not exceeding six per
(but such preferred dividends shall not be cumulative?,

the net earn¬
operating ex¬
penses, maintenance of railways and equipment and interest on all its
mortgage bonds and .-other lawful indebtedness, and is also entitled to
share pro rata with the common stock ill any dividend exceeding six per
payable before

dividend

any

on

the 'common stock out of

ings of the company for such year, after payment of taxes,

cent in any one year on

tin* whole stock of

The

tin* company.”

GREENVILLE.

&

COLUMBIA

“
The first pref* rred stock” * * * *
shall receive sueli dividends
in each year, not exceeding 7 per cent, as the road for that year shall
earn in net profits, after paying the interest- on the bonds.
The second preferred stock” * * * * “shall receive sueli divi¬
dends in each year, not excet ding 7 percent, as the road for that year
shall earn in net profits, afer paving the interest on the bonds and 7 per
cent dividend on first preferred stock.

stock shal

The preferred certificate of this company states the cumu¬
lative property of this stock wirh much emphasis, and the lineof action to be taken by the directors is also prescribed.

CINCINNATI

Preferred stock is entitled to a preference in the payment of divi"
dends to tin* extent of six percent in any one year, payable only out ot
the net earnings of that year applicable to dividends, and after payment
thereof the common stock shall nc\ t be entit led to payment of dividends
out of net earnings, it any, of sneli year: after the- payment of sueli. divi¬
dends shall be paid upon all the stock of said company without prefer¬
ence to either.
Such dividends are non-eunmlative and may be declared
and paid annually, semi-annually or quarterly.”
*
*
*
“

In the terms of reorganization,
of stock is stated as follows:

{SUPPLEMENT

priority of the preferred stock is very

follows

briefly stated as-

:

“

“

Any surplus.'after paying 7 p r cent dividends each on first preferred,
preferred and common stock, shall be divided pro rain.”

second

CHESAPEAKE

The terms of

&

“This stock to be entitled to dividends at the rate of 7 per cent per
annum, out of the surplus revenues of t lie company, before any dividends
shall be declared o.- paid on the second preferred or common capital
stock.”

In the same agreement the
stock is stated thus :

preference of the second preferred

“

This stock to be entitled to dividends at the rale of 0 per cent per
annum, out of the surplus revenues of the company, before any divi
(lends shall be declared or paid on the common capital stock.”
& ALTON.

CHICAGO

The certificates read

as

“
This preferred stock” >:
* * * “ is entitled to a dividend for each
calendar year of not exceeding seven per « cut, payable, out of the net

<

alciidar

year,

after satisfying the

interest on its bonds and t he contributions* to its sinking fund, before
any dividend shall be paid upon the common Mock, and is also entitled
to share pro mix with the common stock in any dividend exceeding
se\eu
per cent on tlie whole stock of the company, preferred and
common.”
CHICAGO MILWAUKEE & ST.

On the
of

PAUL.

preferred stock certificates of this
preference arc given briefly as follows:

company

the terms

“

This stock is entit led to a dividend of seven per cent per annum from
the net earnings for each Current year.” * * * “ This certificate and
stock represented hereby is issued and received subject to all the terms,
conditions and limitations id't lie articles of association of this company.”

The terms and conditions of the articles
referred to in the certificate read as follows:
a

of

association

“
The. said prefenvd stock, except said scrip stock, shall bo. entitled to
dividend of seven per cent per annum, from tin* net earnings of each

current year, after payment of interest on all the mortgage bonds, if the
company earn so much during the current year, and before tin* pay¬
ment ot dividends to any other class of stockholders: but the company
may reserve a reasonable working capital or surplus before the
dend shall lie-declared or paid on said preferred stock, which surplus
shall not exceed at any time the aggregate sum of .f J .0,0 O over and
above the floating or unfunded debt, and the accrued interest on the

divi¬

mortgage bonds. If the net earnings of the company arc not as much
7 percent in any one year, then the said preferred stock shall receive
for that year a dividend of whatever flu* said net earnings are, after
the payment of interest on the mortgage bonds, and the reasonable
reserve for a working capital, as above described.
Said preferred stock
-shall not ha\e any. claim upon the earnings of any of her year for the non¬
payment qt dividends of any preceding year. And whene\ er the company
earns sufficient, over and above the
payment of interest on-the bond's
and the reserv e above named, to pay a greater simrthan 7 per cent on
said outstanding preferred stock and 7 per cent on the common stock,
then the said preferred stock shall share pi o mix with the common stock
as

in such

earnings.”
CHICAGO &

On the preferred
precedence are very

NORTHWESTERN.

certificates of this company the terms of
clearly stated.

“This preferred stock is entitled, as provided in the artielcs of agree¬
ment and cousolidat ion made bet ween the (ialena A ( hieago Union kailroad Company and the Chicago A- Northweste1 n Railroad-Company, of
date June *2, 1S(>1, to preferences to the aggregate extent of lo percent
in the di\ idend which may lx* declared in any year, out of the net earn¬
ings of sueli year, in the manner following: First, to a preference of 7
per cent; and, after dividends of 7. per cent on the common stock,
then, secondly, to a further preference of 3 per cent. After a further




the

stock of said

common

company.”

MOINES

& FORT DODGE.

stock of this company is small. In the
incorporation, passed March 9, 1881, the
preference to which the stock is entitled is defined as follows ;
“The preferred stock shall be entitled to dividends, from the first, earn *
ings of tin* road and any extension thereof, after paying interest on its
The preferred
amended articles

of

bonded debt, now or hereafter created, to an amount not exceeding 7
per cent a year, before dividends are declared on any other stocky
after dividends arc declared upon all other stock to the extent of 7 per
cent, then it shall be entitled to share equally in all further earnings,”

and

EAST TENNESSEE

This company’s
the

VIRGINIA & GEORGIA.

certificate is clear and concise on the

preference t<> be enjoyed by the

matter of dividends.

“This preferred stock is entitled
not exceeding (5-per cent, payable

follows:

earnings of the company for such

on

DES

are not

—shares in the
Railroad Company,
tilth day of Novem¬

ber, 1880, and is entitled to receive a dividend of six per centum per
annum, non-cuinulafivo, upon said stock before any dividend is payable

OHIO.

stated in this company’s certifi¬
cates, but in the plan for the purchase and ieorganization of
the road, of date December, 1875, the preference of the 1st
preferred stock is stated as follows:

priority

“This is to certify that
is entitled to
preferred capital stock of the Columbia A (Ireenville
created by resolution of the corporators passed the

point of

preferred stock in the

to a dividend for each

calendar year

out of tin* net earnings of the com¬
pany for such calendar year,’ before any dividend shall be paid upon the
common
stock, hut such preference dividend shall not be-.cumulative,
and is also entitled to share pro rata with the common stock in any divi-,
dend exceeding 0 pm* cent on the whole stock of the company, preferred
and common.”
FLINT & PE RE MARQUETTE.

The terras of reorganization give a^ much length the priority
which the new preferred stock shall have, as follows :
“The holders of said preferred stock shall he entitled to receive, from
tin* earnings of said railroad company hereby organized, dividends to
the amount of 7 percent per annum, payable semi-annually or annually,
ns may be directed by the board of directors, provided
the not income,
after paying interest on prior bonds, repairs, expenses of equipment
and renewals, shall be suftieieut for that purpose, or such portions
thereof ns tin* said net income shall, amount to.
In ease there shall he
any surplus of net income after the payment of said div idend of 7 per
cent upon the preferred stock, the same shall stan 1 u\di> ided until the
next dividend day. and so from time to time, and from year to year,
until such time as the holders of said preferred stuck shall receive five
consecutive-annual dividends of 7 per cent or semi-annual or quarterly
dividends equivalent thereto.
In case on any dividend da.v tin*
income as aforesaid shall not be sutlieient to pay 7 percent annual divi¬
dend to the holders of su'd preferred stock, such holder-; of pref rred
stock shall have no right to have the dividends made up out of subse¬

net

being the intention that there shall 1>»* no accumula¬

quent earnings; it
tion of claims
st ick.”
*
* ’■
pay a

dividend

against the company for dividends for such preferred
■
•• should the net income lav greater than sufficient to

<

f 7 per cent upon tin* whole amount of stuck, both pre¬
ratably among the

ferred and common, such surplus shall be dividid
holders of tin* preferred and common stock.”
GREEN BAY

WINONA & ST.

The certificate of this company

PAUL.

reads:

paid

“The said preferred stock will entitle the holders thereof to be
dividends thereon in each year at such rate, not exceeding 7;per cent per
annum, in preference ami priority of any dividends to he made to
holders of the common stock of said company, as the net earnings and
income of said company for that, year applicable to dividends, alter
necessary expenditures and after providing for proper maintenance
tin* road‘and necessary improvements, shall be sutlieient to pay;
right of dividend shall not be cumulative.”
HANNIBAL &

ST.

JOSEPH.

Almost the whole of this company’s
common,

is

now

the
all
qt
but this

stock, both preferred and

held by the Chicago Builington & Quincy

Company, so that there is little public interest in the shares;
but the terms of preference expressed in the certificates are
given below. A claim was made as to this stock, and carried to

the United States Supreme Court but not sustained, that after
7 per cent had been paid on the preferred the latter was to

INVESTORS’

October, 1883.]

share

SUPPLEMENT.

equally with the common in any surplus beyond that
allowing 7 per cent on the common.

cent)

company.”
The certificate of
follows :

was

whole issue, of which is to be limited in amount to t he sum of 82,000,000;
which preferred-stock shall have a first lien on the net income of the
railroad ivmpauy, after paying operating expenses, including taxes,
insurance, renewals ami r. pairs, and the reservation of a reasonable
working capital, not exceeding in amount tin* sum of 850,000, to the
extent of 0 percent per annum, from the net current earnings of each
year, if so much .a t is i arned ; if (5 per cent is not earned in any one
year, then it shall have a dividend of whatever net sum is earned in t hat
year; but >aid dividend, if not earned, shall not accumulate as a charge
upon fin1 income of the railroad company.”

succinctly stated

NEW

Preferred stock of said new corporation to tIk*, amount of 82.75o.OLO.
which shall be cut it led to a dividend each year, not exceeding s per cent,
payable semi-annually, in preference and priority to any dividend to be
made to the holders of the common stock of said company, in each and
every year when the net earnings and income of said company fur that
year applicable to dividends, after all necessary expenditures and alter
providing for proper maintenance of the road and necessary improve¬
ments, shall be suttieient to pay the same; and if such net earnings and
income in any year shall he insiillioient to pay the full rate of eight per
centum on such preferred stock, t lien the holders thereof shall he entitled
to be paid such lower rate as said net earnings and income shall be
sufficient to pay before the payment of any dividend to the common
stock, but the right to dividends shall not be cumulative.”

as

becoming parties hereto, shall, for
principal and interest thereof up to January 1, 1871), take in
exchange therefor, the * preferred stock ’ of the successor company, the

FORT SCOTT & GULF.

preferred stock

incorporation referred to particularizes

Tin* holders of the receiver's debt,

“

in the certificate appears to be a condensation
the reorganization agreement of Feb 25, 1878,

wherein the status of the
as follows:

.

the

the common stock.”

The language
of that given in

follows

This stock is entitled to a dividend of (> per cent per annum from the
net earnings of each current year, if so nfuch is earned.
This certificate
and the stock represented hereby is issued, received and held subject to
all the terms and conditions of the certificate of incorporation of this

bearing date April 1, 185(5, July 1, 1858, and March 15, 1850, and sub¬
ject to the terms and conditions of an indenture between said corpora¬
tion and Wm. II. Swift and others, trustees, dated April 1, 18 R, and
with the light set forth therein, may be transferred upon the books of
the company and new certificates issued, and may be used with the
bonds of the said company, bearing date April 1, 18(>:>, in the purchase
of its lands, as provided in said indenture. The Hannibal A St. Joseph
Railroad Company hereby certifies that, in consideration of the surrender
and placing in trust of bonds and coupons in pursuance of said inden¬
ture,
is entitled to
shares of the preferred stock of said corpora¬
tion,and to receive all the net earnings of said company whic h may be
divided, pursuant to said indenture in each year, up to 87 per share, and
to share in any surplus beyond 87 per share v hieh may be divided upon
CITY

The certificates
as

“

“Preferred stock issued in adjustment of the bonds of said company

KANSAS

paid on this stock iu March, 1883.
only brief mention of the priority held,

were

make

amount, and before first

3

YORK

LAKE ERIE

A

WESTERN.

“

KEOKUK

We have already referred to the suit against this company
by holders of preferred stock. The thirteenth article of the
| certificate of incorporation says of the stock :
••Entitling the holders to non-cumulat ive dividends, at the rate of t>
cent per annum, in preference to t he payment of any dividend on the
common stock, but dependent on
the protits of each particular year, as
per

declared by t

The

he board of directors.”

preferred share certificates read as follows

:

•‘Said stock shall be entitled to preferred dividends out of the net earn¬
ings, it earned in the current year, but. not otherwise, not to exceed 0
per cent per annum, payable semi-annually, after payment of interest on
bonds of said company in full.”

& DE3 MOINES.

Rock Island for 25 per cent of
gross earnings, which 25 per cent must be enough in any event
to pay interest on the mortgage indebtedness.
This is the
lease apparently referred to in the certificate of preferred stock,
which defines the rights of the preferred stockholders at great

There is nothing uncertain about the cumulative character of
this company’s preferred stock. Clearly and emphatically the
stock is declared to be entitled to payment in full for all back

from the extract below. Under the
lease to the Rock Island 1% per cent was paid in 1S80 and
again in 1881, but nothing since then.

The.holder of this preferred stock shall be entitled to receive from the
net earnings of t he company dividends of six pi r rent per annum, which,
! in ease of default, are cumulative, and to have such di\blends with all

This road is leased to the

length,

as

will

appear

NEW

dividends before

YORK

SUSQUEHANNA & WESTERN.

anything is paid

on

the

common

stock.

••

Said stock is entitled to dividends at the rate of eight per cent per | arrearages, if any, paid iu full before tin* declaration or payment of any
I dividend upon tlie common stock, and whenever, the net. earnings of the
payable out of the net earnings or rent in each year alter pay¬ I corporation applied to the payment of dividends shall lie in excess of the
ment of The interest upon the company's bonds, which bonds are not to I sum
required to pay a dividend of six per cent on the preferred stock,
excceil 82,750,000, bearing interest at the rate of 5 percent per annum; I with all
arrearages, if any, and a dividend of six per rent on the common
but if in any one year the net earnings or rent after payment of such I stork for the current year, such surplus
shall be divided between the
interest on bonds prove insullieient to pay- that rate of dividend, the
holders of the preferred and the holders of the common stock according
dividend for that year shall be only such as the net earnings or rent after
; to the terms and provisions of the articles of association and by-laws of
payment of such interest on the bonded debt will sutlire to pay ; and the
the company.”
preferred stock is also entitled to share pro rata with the other stock of
The
the company in any excess of net earnings or income over eight per cent
are, on
a
per annum.”
tion of the above, except that
are
to
“

annum,

this matter, merely repeti¬
stated
begin
dividends
There arc further explicit provisions in the certificate against accumulating from the 1st of July, 1882, and that any distribu¬
the increase of stock or bonds, and against changes iu the lease tion above 0 per cent on both common and preferred stocks is
except by consent of preferred stockholders.
| to be pro rata on the two, share by share.
by-laws mentioned

MARQUETTE HOUGHTON & ONTONAGON.

NORFOLK

company’s certificates

The terms of this

are :
“This preferred stock is cut it led,.///•>/. to a preference to the aggregate
extent of s percent in the dividend's which may be declared in any year
out of tlie net earnings of such year; and after a dividend of s per cent
on both the preferred and common stock in any year, then, second!)/, to
any equal division in any fm ther dividends of such year.”

I

& WESTERN.

has passed its dividends this year, but they are
| not cumulative. The preferred certificate expresses the prefer] ence tersely, as follows;
This company

••This stock is entitled to receive

dividends at the, rate, of six per ecu
any year only t hat. the, company

I per annum out of the net earnings of
I may have net earnings applicable to
i before any dividends shall be declared

dividends, to be paid semi-annually,
on the common stock, and after
The articles of consolidation entered into Feb. 13, 1S83, give j payment, of six per cent upon the common stock, then to a />rn ruin share
| of any excess of the net earnings beyond six per cent upon all tlie stock,
the terms of the
MILWAUKEE LAKE SHORE &

WESTERN.

preference accorded the preferred stock as
before

below. A feature of the stock in the original company
consolidation was that no additional mortgage could be

I both common

and preferred.”

•

NORTHERN PACIFIC.

placed

The rights of the two classes of stocks are stated thus :
I
upon the property without the consent of three-fourths of the
“The preferred stock is entitled to dividends, non-accumulative, not
total preferred stock outstanding, but there is no mention of
!
this in the agreement of consolidation, and it is believed that it I exceeding 8 per cent per annum, as the net earnings of each year may
sutliee to pay, and before-any dividends shall he. paid on the common
was abrogated with that consolidation.
j stock. Who), and during the'time, the net earnings shall he. sudicient to
1
pay 8 percent dividends on both the preferred and common stock issued,
“The said preferred stock shall lie entitled to a dividend of 7 per cent,
the surplus is to be divided on both alike, according to the, number of
per annum from the, net earnings of each current- year, after payment of
interest, on all mortgage, equipment and income bonds, if the company j shares issued of each.”
earns so much during the current year, and before the payment of divi¬
In the plan of reorganization we find the provision relating to
dends to any other class of stockholders; but the company may reserve
exchange
of stock for lands, and also a definition of the words
a reasonable working capital or surplus before the dividends shall be
net earnings” as used above.
declared or paid on said preferred stock.
As to the latter, it will be seen
If the net earnings of the com¬
pany are not as much as 7 per cent in any one. year, then the said pre¬
that the company has the right to provide additional equip¬
ferred stock shall receive for t hat year a dividend of whatever the said
ment out, of such net earnings, which may be a very important
earnings arc, after tin*, payment of interest on nil mortgage, equipment
reservation in the present condition of the property.
and income bonds, and a mi>o»sible reserve fora working capital afore¬
mentioned ; said preferred stock shall not have any claim upon the
“The preferred stock shall he convertible at the par value into any
earnings of any other year for the non-payment of dividends of any pre¬ j lands belonging to the company, or hereafter to belong to it, east of the
!
ceding year. Whenever the company earns suttieient over and above the Missouri River in the State of Minnesota and in the Territory of Dakota,
payment of interest on the, bonds and-thercserve-above mentioned, to J until default shall occur in some of the provisions of the new first mortpay a greater sum than 7 percent on said outstanding preferred stock, | <jaire bonds, hereinafter provided for, and such conversion shall be an
and 7 per cent on the outstanding common stuck, then the said preferred
extinguishment of such stock. The proceeds of all sales of such lands,
stock shall share pro rota with the common stock in such earnings.”
until such default, shall be used likewise in extinguishment of such stock.
“The. words ‘ net earn inn .v,’ as used above, shall he construed to mean
MINNEAPOLIS A ST. .LOUIS.
siirli surplus earnings of the said railroad as shall remain, after paying
This company’s certificate reads :
all expenses of operating the, said railroad and carrying on its business,
including all taxes and assessments and payments on incumbrances, and
This preferred stock is cut i tied to a preference of seven per rent mil
I including the interest and sinking fund on the first mortgage, bonds, the
(non-cumulative) in the. dividends declared in any year, before any divi¬
dends are-paid upon the common stock; and after dividends shall be j expenses of repairing or replacing the said ruilroad, its appurtenances,
or other property, so that, the same shall lie in high condi¬
paid ujion the common stock to a like amount of seven per cent for any equipments
tion, and ol providing Hindi additional equipment as the said company
year, then both the classes of stock shall be entitled to equal rates per
shall deem necessary for the business of said railroad.”
4*

“

share in any

further dividends for such year.”
NEW

The

YORK

CHICAGO & ST.

The phan of reorganization also contains, in the section relat¬
ing to the first mortgage bonds, this reference to the vote
required for placing any subsequent mortgage on the road.

LOUIS.

preference is expressed briefly as follows :

“This pr> f'erred stock is entitled to a dividend
not exceeding six per cent, payable .out of the
pany ior

for each calendar year of
net earnings of tin* com¬
such calendar } ear before any dividend shall be paid upon the

common

stock; but

sm

h preferred »li\ idend shall not be cumulative; and

is also entitled to share, pro rata with the common stock iu any dividend
exceeding six per cent on the whole stock of the company preferred and
common.”
NEW YORK ONTARIO & WESTERN.

The preferred stock of this company is only 2 millions, and
was issued in payment of the receiver’s Certificates on the old
New York & Oswego Midland. Two years’ dividends (12 per i




1

“No other bonds shall be issued, except on a vote of at least three
fourths of the preferred stock, at a meeting specially held in reference
thereto, mi a notice of at least thirty days by advertisement in two news¬

papers published
Uioton.”

respectively in the cities of New York, Philadelphia and
OHIO

& MISSISSIPPI.

The price of this company’s
n the certificates clearly show

shares and the preference given

that the preferred stock is concumulative. Nevertheless, there are those who
Rlspate this claim. These latter seek to construe the late
•dered strictly

di

*

INVESTORS' SUPPLEMENT.
decision of

Judge Blatehford, U. S. Supreme Court, as nega¬
tiving such claim, but the cumulative character of the stock
was not at all in question in that
suit, the sole point being
whether the clause saying that the preferred stock was to be
a first lien, after the company’s indebtedness, meant the
origi¬
nal indebtedness alone or also the
mortgage bonds subse¬
quently issued. The Court decided that the phrase must be
taken as including the whole indebtedness outstanding, present
or future.
The preferred certificates read :
“

The preferred stock is to be and remain

first claim

[Vcl. XYXVII.

“This is first preferred stock and is entitled to a dividend
up to 7 per
cent per annum, derived by the
company from net revenues from all
sources each current year
(remaining after the payment of interest upon
all liabilities), in preference to
any dividends upon any other class of
stock issued by the company, and is entitled to share
pro rala equally
wii h any other class of stock in
any excess of annual dividends that

may be made, by t lie company upon any class of stock greater than 7
percent, and by resolution of the company has priority of lien on net
revenues for such dividend over
any mortgage bond that may be issued
by the company subsequent to the creation of this stock.”

The preferred stock reads

as

follows

:

“

This is preferred stock and is entitled to a dividend
the prop¬
up to 7 per cent
erty of the corporation, after its indebtedness* and the holder thereof per annum derived by the
company from net revenues from all sources
shall be enti'led to receive from the net earnings of the
each current year (remaining after the
company 7 per
payment of interest upon all lia¬
cent per annum, payable semi-annually, and to have such interest
paid bilities and dividends on the first preferred stock), in preference to
any
in full for each and every year before any
payment of dividend upon dividends upon any other class of stork issued by the.
company, and is
the common stock ; and whenever the net
earnings of the corporation, i entitled to share pro rota equally With any other class of stock in
any
which shall be applied in payment of interest on the
preferred stock ] excess of annual dividends that may be made by the
company upon any
and of dividends on the common stock, shall be more than sutlicient to class of
stock greater than 7 per cent.”
pay both said interest of 7 per cent on the preferred stock in full, and 7
per cent dividend upon the common stock for the year in which .-aid net
ST. PAUL & DULUTH.
earnings are so applied, then the excess of such net earnings, after such
payments, shall be divided upon the preferred and common shares
An important point in regard to
this preferred stock is in the
a

upon

equally, share by share.”

fact that

the income from all sources is made
applicable to the
dividends, including income from stumpage and sale of lands,
if earnings alone are insufficient.
This company’s preferred stock is cumulative, and
It will also be seen that the
though
the payment of dividends was omitted for a number of
years, preferred stock is limited to 7 per cent, and that any excess of
a settlement was made in 1881
by the declaration of a 55 per net earnings remaining above that rate on the preferred and 6
cent bond dividend in full for all back claims.
per cent on the common, has to be devoted to the purchase of
the preferred stock.
“This stock is entitled to dividends at the rate of 7 per cent
per
ST. LOUIS

ALTON

& TERIIE HAUTE.

annum, payable annually on the first day of May in each year, out of net
earnings of the company, for each year ending on the Mist day of Decem¬
ber previous to such first day of May, after
satisfying the interest on fts
bonds and the contributions to its sinking fund; and in case said divi¬
dends cannot be
regularly earned and paid, as above stipulated, all

paid as soon and as fast as tin* net income of the com¬
pany will allow; and no dividend is to be made on the general stock of
the company until all such arrears have been paid. This stock is con¬
vertible at any time by the holders into the general stock of tin* com¬
pany at par; but shall not be entitled to a dividend for ail}* time on
which the holder thereof has received a dividend as
preferred stock.
The priorities and guarantee's of this stock are secured
by the deed of
trust known as the second mortgage, and by the
conveyance, of Robert
Rayard, Samuel ,T. Tilden, John U. Richardson, Joseph' Tuckerman and
arrears

Russell

are

to be

Sage to the said company.”
ST.

The

LOUIS

& SAN FRANCISCO.

preference of each stock is given with much detail in the
certificates, and the 1st preferred appears to contain a very
mportant provision, giving it a priority over mortgage bonds
subsequently issued. The first preferred stock reads as follows :




“The preferred stock”'

*
v
*
“ to receive dividends,
payable semi¬
the first days of July and January of each year, equal to the
income of the company from all sources; but said dividends not to

annually,
net.
exceed

on

seven

per cent per annum.”
*
*
*
“The holders of the new
.stock to be entitled to dividends out of the, balance of the net
earnings of the railroad, but not exceeding six per cent in any one year
after tile payment of seven per cent on the
outstanding preferred stock;
common

any surplus of the net earnings to be used in purchase of preferred stock.
Raeli share of preferred stock, and
every three shares of common stock,
to he entitled to one vote at all

meetings of the company.”

WABASH ST.

LOUIS &

PACIFIC.

The Wabash states its terms of preference

clearly,

concisely and

as below.
“This preferred stock is entitled to a dividend for each calendar
year
of not exceeding 7 percent, payable out of the net
earnings of the com¬
pany for such calendar year, before any dividend shall be paid upon the
common stock (but such preference dividend shall not be
cumulative),
and is also entitled to share pro rala with the common stock in
auy divi¬
dend exceeding 7 per cent on the whole stock of the
company, preferred
and
common.”

1

STOCK

AND

BOND TABLES

I%T <> T E S.
These tables arc

expressly intended to be used in comieetion with the information concerning Investment matters, published from week to

week in the CimoNiCLE—to which an index is furnished in the remarks at the foot of the tables.

Annual reports are in black-faced figures.

description of IT. 8. Government Securities is published in the Chronicle each month, as soon as the official “Debt Statement” is issued.
Prices of all active Stocks and Ponds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently occur, viz
M. tor “mortgage.” s. f. for “sinking fund,” 1. gr. for “ land grant,” reg. for “ registered,” coup, for “ coupon,” JJf. for “.Branch,” guar, for
“guaranteed," end.for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
A

1
Dale of Bonds—The date of issue is referred to in this column.
""
Miles of Rocul— Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite bonds, the miles
by the mortgage.

covered

Size or Far Value.—These figures are dollars, showing the
Date Per Cent.—The interest per annum is given for bonds,

denominations or par value. The figures “ 100, Ac.,” signify $100 and larger.
but the per emit of last dir idend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable.—J. A J. stands for Jan. A July; F. A A., Feb. A Aug.; M. A S., March A Sept.; A. A (>., April A Oct.; M. A N., May A Nov.; J. A D.,
June A Dee.; Q.—J.. quarterly from January; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal when, due; Stocks, last dicidend.—The date in this column shows the period when tlie principal falls due of bonds, but the time
wlieu the last dividend was paid on stocks

192087 781
STATE

Subscribers will confer

a

DESCRIPTION.

For

explanations

see notes

SECURITIES.

great favor by giving; immediate notice of any error discovered In tliese Tables.
Date of
Bonds.

Size

par

Value.

above.

1876
1876
do
for Ala. A Cliatt. (C) ($1,000,000)
1876
1880
Funding “obligates” (tax-ree’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
1870
lending Bonds 1870 (Ilolford)
Levee bonds (or warrants)
1871
Old unfunded debt, including interest
1838 to’39
1875
Sinking fund fids (Loughborough)Act.Dec.,’74
To Memphis A Little Rock Railroad
1869
To Little Rook A Fort Smith Railroad
1870
To Little Rock, Pine Bluffs A N. Orleans RR..
1870
To Miss., Ouachita A Red River Railroad
1870
To Arkansas Central Railroad
1870
1870 A ’72
California—State Capitol bonds
Funded debt bonds of 1873
1873
1864
Connecticut—War bonds, 20 year
1 r,
War bonds,not taxable, 20 year.. 1
1865
011
1877
Bonds, 10-20 year
f
New bonds (sink, fd.)
1883
1 11 u‘
1881'
Delaware.—Refund’g bds., ser. “A.” “ J>” A “G”
School bonds
1872
Dist.of Columbia- Perm’t imp’t, gold, coup
Permanent improvement bonds, coupon
1873
Bds for fund’g (Act June 10, ’79) coup, or reg.
1879
Fund, b’ds (U.S.guar.,Acts June,’74A Feb.,’75)
1874
Market stock, coupon
1872
Water stock bonds, coupon
1871 to’73
Wash, fund’g, gld,($654*,000 arc M.AN.,1902).
1872
Florid a—State bonds
1871
Gold bonds
1873
1866
Georgia—Atlantic A Gulf Railroad bonds
1866
Bonds, act of Mar. 12, ’66 (renewal W. A A.)..
1870
•Quarterly gold bonds, act of Sept. 15, 1870..
1872
Bonds, act of Jan. 18, ’72
Bonds for funding (Act Feb. 19, ’73)
1873
Bonds to fund coupons on endorsed bonds...
1876
Bonds exchanged for endorsed RR. bonds
1877
1879
Indiana—Bonds, coup, (pay’ble after Apr.1,’84)
School fund bonds (noil-negotiable)
1867 to’73
1861 to ’69
Kansas—Bonds, 1861 to ’69, funding, Ac
1861 to ’75
Bonds for various State purposes
1864 to’69
Military loan

Alabama—Substitution bonds (A) ($7,000,000).
Substitute b’ds for RR. (B) ($596,000)

r(J£va

Outstanding

$1 OOAc.

$6,711,300

100 Ac.
100 Ac.

539,000
944,000
960,000
1.850,000

-

-

-

.

1.000
1,000

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

100 Ac.

1,000

1,000

380,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000

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

e

500,000

500 Ac.

2,698,000
1,318,500
1,741,100
1,031,000

1,000

100 Ac.
1,000

156,750

Ac-.
Ac.
Ac.
Ac.
Ac.

3,791.000
663.600
954,500

13,991,900
150,000
376,000

1,000

100 Ac.

1,739,000

100

350,000

100 Ac.
500
500 Ac.

925,000

300,000
3,600,000

1,000

2,098,000

1,000
250Ac.

307,500
300,000

542,000

1,000
1,000

2,298,000
585,000
3,904,783
101,475
745,000
346,000

....

....

lOOAc.
100 Ac.

The State is in default for interest, except on the secured

1874. In Jan., 1883, a decision was mafic by the U. S. Circuit Court,
substantially holding the railroad companies responsible for tlie State
bonds issued to them, but this was reversed in October ami the case
appealed to Ik S. Supreme Court. See the references below. Tlie fol¬

the latest official assessments:

Tax Rate

$58,445,111

7^2

60.155,303

37.610.228

7h

1883 (estimated)
78.000,000
—(V. 36, p. 29, 139, 706, 730.)

47.000.000

7

•

California—The State holds in trust for School .and University funds

$186,000 Capital bonds and also bonds of 1873, in all $2,690,000.
Assessed valuations and rate of tax per $1,000 have been :
Years

Personal.

Real Estate

$ 166,273,585

Tax Rate.

$118,301,451

$5*50

149,656,007
16,180,978

610
6*55
5-96

1881

460,694,217
46-1.082,851

1

1882

446,319,940

120,848,153

Connecticut— The debt of Connecticut was all created ori gin ally for
war purposes
Assessed valuation and tax rate per $1,000 have been :
Years.
Real Estate.
Personalty.
Tax Rate.

$95,901,323
$327,182,135

$22*.987,700
*

1*50

1*81
$332.1 7<>,s5d
1 *.)0
1882....
342,212,566
1 50
The assessed valuation of reel estate is about 70 per cent of the true value.

(V. 35. p. 131 : V. 37, p. 12/.)
Delaware.—Tliese refunding bonds issued July, 1*81, take up out¬

—

standing debt. Series “A” are $160,000, redeemable 1886: series
$300,000, redeemable July, 1886 to 1891; series “C,” $165,000, redeern-




5

3L>

sinking fund bonds (Loughborough) issued under the law of December,

$41,813,803

7 g.
6 g.
6
6

4
6

500
100
100
50
50

Personal.

6
6
7
7
7
7
7

625,000

$123,757,072 in 1879, $139,077,328 in 1880, and $152,920,115 in 1881.
Arkansas.— The State Supreme Court decided Levee bonds of 1869 and

Real Estate.

7

1,000

Alabama.—The State gave 30-year bonds, dated July 1, 1870. bearing

are

3 Ac.
5
4 Ac.
6
6
6

100,000

2 per cent till 1881. then 3 percent till 1880, 1 pm* emit till 1800, and 5
per cent for last 10 years, for old bonds, without any allowance for pastdue coupons. Alabama A Chattanooga endorsed bonds were exchanged
for $1,000,000 of the new bonds, Class C, which bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per emit. In 1880 the new (J per cent bonds were
issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and funding operations was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8 per emit bonds issued to tin* Ala. A Cliatt.
RR. under act of Feb. 11, 1870, the State gives t lie lien on the lands
granted to that railroad, 500,000 to 1,200,000 acres.
Tax rate in 3.88182, (JLj mills The assessed valuation of real estate and personalty was

lowing

Rate.

1.009

.

1870 invalid.

INTEREST.

Amount

or

6 g.
7
5
365
7
7
6 g.
7
0 g*
6
7
7 g.
7
8
7
6
5
6
6
7
7

When

Where

Whom.

Payable

J.
J.
J.
J.

J.

Prin c i p al—When
Due.

Payable and by

A
A
A
A
A

J. N. Y., Importers’ A Tr. Bk.
J.
do
do
J.
do
do
J.
Montgomery.
J.
N. \r., Union Trust Co.

A
A
A
A
A
A
A
A
A
A
A
A
&
A
A

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

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

-

1899
1900

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

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

J. A J.
T. A J.
J. A J.
F. A A.
J. A J.
J. A J.
J. A J.
Jan.
J. A J.
F. A A.
J. A J.

.

*

’

Wash,

July.
J.
J.

A J.
A J.

or

do
do
do
do
do
do

N.

April, 1900

July. 1885 A ’87
1893-94

1884
1885
May 1, 1897
Jan. 1,
Oet. 1,

1903
1886. 1891, 1901
Jan. 1, 1901

Y., U. S. Trcas.

July 1, 1891

do
do
do
do
do
do

July 1, 1891
July 1, 1899
Aug. 1, 1924

*

July 26, 1892

Oet. 1,1901 to ’03
1892 A 1902
Jan. 1, 1901
N.Y., Donnell, Lawson A Co.
do
do
Jan. 1, 1903
N. Y., Fourth National Bk.
Feb. 1,1886
N.

Y., National Park Bank.
do
do
do
do
do

Q.-J.
J. A J.
A. A O.
J. A J.
J. A J
A. A O.
Various

1900
1860
1905
1899
1900
1900
1900

do
do
do
do
do

N. Y., Winslow, L. A Co.
do
do
N. Y., Am. Excli. Nat. Bk.
do
do
do
do

May, 1886
Oct,, 18l)(As
July, 18921#
April 1, 18®

July 1, 18®
Jan. 1, 18*9
April 1, 18^9
1883 to’8«L
1884 to ’991^
1884 to ’9ST

able July. 1891 to 1901.
There is no State tax levied, nor assessments
made by State officers.
(V. 32, p. 500.)
District of Columbia.—Tlie total assessed value of taxable real estate
and personal property is shown below. The interest and sinking fund
on the 3-65 bonds are provided for by Congress,
and the amount is
limited to $15,000,000.
Real and personal estate, Ac., lias been
assessed as follows:
Real Estate.
Personal.
Tax Rate
1879.
$15
$13,363,920
1880
15
87,980,356
11,4 21,431
1881.
15
88,953,078
10.895,712
1882.
9,666,272
15
90,308,495
1883.
15
9,028,812
92,533,605
-(V.: 32, p. 69; V. 36, p. 29.)
Florida.—Less the sinking fund of $177,050, the total debt is $1,098,450, which does not include $132,000 bonds of 18‘>7, held by Indian
Trust Fund. About $507,200 of the bonds are held in school funds, Ao

Coupons of all bonds are receivable for taxes. Real and personal prop¬
ort v assessed in 1881, $36,691,823 ; in 1882, $45,285,977.
(V. 32, p.
100.)

Georgia.—The constitutional .amendment in 1877 declared void several
There were issued $ 100,000
per cent bonds in 1880, but all except $75,000 taken up and can¬

issues of bonds and railroad endorsements.
4
celed.
Years.

Assessed value and tax rate per $1,000 have been:
'Personalty.
Real .Estate.

IS80
lssl

$134,635,886
131,244,081

$91,585,832
90,849,338

139,657.250

99,276,876

148,057,233

106,195,395

Tax Rate.

$500
3*50
3*50
3

-(V. 34, p. 88.)
Indiana—'Indiana.made

a

compromise with her bondholders in 1846,

giving them State stock for one-half of their bonds and overdue coupons,
and Wabash A Erie. <’anal stock for t lie balance, about $7,500,000. There
are also outstanding $310,000 5 per cent bonds, dm*, 1901. held by Pur¬
due L'niversity, and about $47,000 miscellaneous issues of bonds.
Valuation made in lsSl of taxable property: Real estate, $513,427,442;

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

value) have been
Real
Estate.

Years.
1880
1*81
18 s2

Personal

$101,225),734

Proper! v.
$13,700.5* 15

108.101.123

52,469,638

170,813,373
170,974,017
—State funds hold $716,950 of the bonds,
•

'

Rate of Tax
per $1,000.

$5 50
5 50
e

5 50
5 00

Total

Debt.
$1,181,975
1,181,975
1,181,975

1,181,975

6

STATE
Subscriber* will confer

a

SECURITIES.

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

DESCRIPTION.

Date of

For explanation see notes on lirst page of tables.

Louisiana—Ronds for relief of State Treasury

Size or
par
Value.

Bonds.

1853

.

Bonds in aid of various railroads
Levee bonds—Act 35 of 1865
do
Act 115 of 18(57
do
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf A Crocodile Navigation Co...
do
to Mississippi A Mexican Gulf Canal..
do
school, held by St. Treasurer
do
to N. Orleans, Mobile A Cliatt. HR
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds

outstanding.

$500

3.866
18(57
1870
186(5
1870
1869

Amount f
able

500
100 Ac.

80,000

260,000
48,000
70,000
2,500,000

1,000
1,000

'

875.000

100 Ac.

11,881,700

1,725,665
2,330,000
2,826,900

....

500 AC.
100 Ac

1,000

89781
Bounty Fund Loan

a

do sterling
do
War Loan, sterling
Troy & Greenfield Railroad loan,
do
do
do
do
do
do
do
do
do
do

1864

1864
1869
1858 to ’6
sterling
home
1861 to ’6:
1871
sterling
1875
sterling
dollar bond- 1873 to ’7
do
1875
do
do
do
1877
Southern Vermont Railroad Loan
1860
Boston, Hartford A Erie Railroad, sterling... 1868 to ’61
Harbor Land Improvement (5-20s)
1874 <A ’7(
Danvers Lunatic Hospital
L 874 A ’7"
Lunatic Hospital, Worcester
1875-’76
New State Prisons, sterling
1875
Michigan—Wav Bounty Bonds
1865
Minnesota—Adjustment bonds, (10-30, red., ’92
is >2
Revenue loan (redemption optional)
1883
Missouri—State bonds, proper
1865 t o ’(»('
Consolidated bonds
1868
University and Lunatic Asylum bonds
1872
State Bank stock refunding
1 874
Bonds to North Missouri Railroad
1854 to ’5s
Bonds to Cairo A Fulton Railroad
1857 to’59
Bonds to Platte County Railroad
1859 to ’60
Bonds to Iron Mountain Railroad
1854 to ’59
Pacific Railroad of Missouri
1853 to ’59
Funding bonds
1S74
j
Hannibal A St. Joseph Railroad
1857 to ’75 1
do
do
renewal
1874
Jtebi'aska—Bonds (act Feb. 14,1877) coupon...
1877
!
New Hampshire—War loan, coupon bonds
1864
'

Municipal

c

war

loan

1872
1879
1879
1861
1863
1864

Loan of 1879 lor rebinding

Prison loan

Neiv Jerscg —War loan bonds, tax free
War loan bonds, tax free...
do
do
taxable

....

....

.

.

,

....

.

.

_

.

....

....

....

....

....

100 Ac.
....

1,000
1,000

888,000

500 Ac.
£100 A <

4,379,500

£200
£200 A*

1,005,419
5,537,104

200,000

1,366,500

1,000

3,018,242
1,506,182
300,000

1,000

1,300,000

10,000

370,000
200,000

3,618,729

1,000

1,500,000

1,000
£500
1,000

1,100,000
1,299,355
297,000

1,000

4,260,000*

1,000
1,000

2,670.000

1.000

384,000

,000

89,000

1.000
1,000
1,000
1,000

1,643.000
261,000

j

1.000

988,000 !

6

1,000

1,500.000
1,499,000 1
449,267 }
600,000 1
2,206,100

6
6
S'
6

1.000

1,000

1.000

1,003

1,000
500 Ac.
100 Ac
100 Ac.
100 AC.

5

902,900

6
0

593,400 1

j

i

Maryland.—The State has largely assisted canals and railroads, and

holds $3,862,615 of storks ami bonds ranked as productive; tin*. Slat**
also holds $26,515,045 in unproductive securities, which includes
$16,760,978’Chesapeake A Ohio Canal interest. The State will ex¬
change the “Defense, Loan” at par for new certilleqtes of indebtedness,
to bear interest at 6 per cent until January, 1 ss 1, and 3*0.5
per cent
afterward, redeemable in 15 years. Assessed valuation, Ac., have been :
Years.
Real A Personal. Tax per $100.
1878
$161.4 25,790
1SV.

—

(\

•

461,1,59.939
461,8 21,879

3<), p.

75l>.)

1834e.
18;Ue.
4 8"ic.
18:,ic.

Massachusetts.—The funded debt. January
i:try 1. 1 *83, w;i is $32,511,680.
The sinking funds were $16.944.263. The 1 loos;i( tunnel ; iml connect ions
cost the Slate heavily.
Assessed valuat ion, tax rate, Ac*.. have been :
•

Years.
1878
1879
1880
1881
1882

....

Real
Estate.

Personal

'Jr.-tx per
f*1 ,ui m.

Total
Debt.

Sinking
Property,
Fu mis.
$1,118,557,164 $761,266,574 $12 51 $33,219,161 $13.1 !*,191

....

....

....

....

1.090,749,235
1,111.160,072
1,149.965,827

712.533.998

1,189,524,370

883.886,538

12 78
15 35
14 28

33.020.164
32,799,161
32.399,164

14.0*0,465

812,858,614

15 28

32,511,680

16,941,263

816.695.358

12,235.248
13.050,092

Tlio loan to Boston Hartford A Erie Railroad.was secured
by
“Berdell” mortgage bonds, afterwards exchanged for .N. Y.
A N. E. RR.
second mortgage bonds.




>

i

$15,000

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

119,000

.

5
6

A
A
A
A
A

J.
J.
D.
O.
A.

A

J.

A J.

Q.-J.

70,000

V
V.

I.
J.
I.
r.
\.
r.

J.

Various
Various
I.
M.
J.
J.
J.
J.
J.
J.
J.
j.
r.
r.
r.
r.
I.
A.
M.
I.
I.
J.
L
J.
1.

A
A
A
A
A
A
A
A
A
A
A
a
a
a

A J.
A J.
A

J.

A J.

$50,000

per yea?.’
188!)
1889
1890
1890
1890
1885
1890
1890
1883
1897
1885 A ’89
1887 A 1891
1887
1888 to 1893

London. Baring Bros.
do
do
Balt., Farm. A Mereh. Bk.
do
do
do
do
do
do
do
do
do
do
do

Boston, Treasury.
do
do*
do

do

London, Baring Bros.
do
do

do
do

Boston, Treasury''.
Loudon, Baring Bros.
do

do

July 1, 1883
July 1, 3 883
May 1, 1894
May 1, 1894
July 1, 1889
Apl., 1888 to ’90
April, 1891 to ’94V
July, 1891
Jan. 1, 1895
1894
July l, 1895

Boston, Treasury
do
do
do

do
do
do
London, Baring Bros.

Boston, Treasury.
Boston, Treasury.

do
do
J.
London, MeCalmonts.
N. N. Y., Am. Exchange Bank.
J. N. A'. City. Met. Nat. Bank.
J.
Sf Paul, State Treasury,
J. N. Y„ Bank of Commerce.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do'
do
,r.
do
do
j.
do
do
j.
do
do
j.
do
do
j.
do
do
J.
do
do
().
State Treasury.
S.
Concord or Boston.
J.
do
do

a
A
A
A
A
A .1

Jail., 1914
1886 A1914
June 1,1889
Oct. 1, 1889

New Orleans.
Boston, Suffolk Bank.
Augusta and Boston.
Boston, Suffolk Bank.

j.
J.
J.
J.
j.
j.
j.
N.
N.
j.
O.
O.
J.
J.
J.
J.
s.
O.
j.
J.

July 1, 1910
April, 1911

875,000
N. Y„ Bank of N. Y.

....

a
a
a
A
A
a
A
A
A
A
A
A
a
A
a
A

j

-

do
do
do
do
do
do
do
do
do
do
do

1907

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

2,500,01)0

\. A O.

r.
r.
r.
M.
M.
r.

May 1,

Amounts not

48,000

A J.

a
A
A
A

July, 1893

fundable,

Q.-J.
r.
J.
J.
1.

due.

80,000 [ per report of ]
260,000
Jail. 1, 1S78.

Quart’v
J.

Principal—When

1872 to 1906
1886

........

A. A 0.

J.

6

400,000 !
100,000 i
100,000

1

Maine.—The debt January 1, 1883. was $5,749,900.
The sinking
fund $1,571,185.
Tax rate for ZS*0. 5 mills on valuation of 1870;
1881-82, 4xa mills; 1883-8 1, 4 mills on State valuation.

466.6 37.502

6
6
6
6
6
6

6
6
6

Louisiana.-The Constitutional amendment passed December, 1879.
provided lor a new bond m place of consols of 1*71. bearing 2 percent
for 5 years, 3 percent for 15 years and 4 percent afterwards, on which
basis the interest charge per year for consols is'$235,5 12.
'15> April.
1882, the 2 per cents issued were £237,300, 4 per emits, $1*6,150; ami
3 per cents "(baby bonds). $1.3o7,l 05.
In June, 1**2. ;i constitutional
amendment passed the Legislature (and will be submitted to a vote in
Nov., 1 ss t) giving new bonds at 2 per emit for live years from .la m. 1 **o,
and 4 per cent thereafter. See V. 35, p. 50. Tim interest tax alone was 5Jj
mills before tin*, constitutional amendment limiting the whole tax to 6
mills. There is considerable overdue interest of the years l.S74.to 1 880
inclusive. A suit by the State of New Hampshire! against Louisiana as
assignee of her bonds, was decided in favor of Louisiana by t ho lj. S.
Supreme Court. Taxable valuation for 1**1 about £176,000.OOO. (V.
35, p. 50, 71, 336, 456, 486; V.136, 169, 285. 365; V. 37. p. 127.)

459,1: 87,403

•

503,000
1,331,000
2,859.000

g.
g.
g.
g.
yg.

412
4*2

246,000
163,000

j

1879
1880
1881
1882

5
5
5
5
5
5
7

300,000

1,000

Ji A J.

\r.

5.000
£200
1,000

100 Ac.

-

5
5
3
6
6
6
6
3-65
6
6
6
6
5 gr5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.

4,022,649

500 Ac
200 Ac
£500

1

6
6
4
5 g.
5 g.

1,196,664
500,000

....

Payable

Where payable and by
whom.

J.
J.
J.
V.
F.
•1.
J.

2, 4, 3

207,000
1,788,8,8 s
2,207.778
309,485
31,069
269,000
528,355
298,435
62,605
2,326,750
1,000,000
225,000
465,000

....

.

was

$333,300
Apr., ’82

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

1857

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

j

yet fund-

When

Rate.

of these

1,000

.

INTEREST.

Amount

1,000
1.000

*

1870
1871
1869
1874
Twos, fours and threes (see notes below)
1880
Maine—Bounty loan bonds
1861
^ Coup.
Municipal war debt assumed
1 or rcg.
1868
Four per cent bonds, coupon
1880
Maryland—Baltimore A Ohio Railroad, sterling
1838
Chesapeake & Ohio Canal, sterling..
1838
Railroads and canals
1838-47
Eastern Shore Railroad
1839
Baltimore A Susquehanna Railroad....
1837
Chesapeake A Ohio Canal
1870
Baltimore A Susquehanna Railroad
1839
Annapolis A Elkridge Railroad
1839
Defense Bounty Loan
1868
Certificates of indebtedness for $3,000,000...
1882
Deaf and Dumb Asylum Loan
1870 A ’7
Maryland Hospital Loan, 10-15 years
1872 A ’7
Maryland State Loan
1872
Treasury relief loan, 10-15 years
1878
Massachusetts—Coast Defense i^oan
1863
Bounty Fund Loan
1863

•

f.voL. xxxvn*

Sept. 1, 1897
April 1, 1890
Jan. 2,1900
Sept. 1, 1896
J’yl,’94-Sepl,’97‘*
.M’yl’95-Sep 1,’96
Jan. 1,1895
May 1, 1890
T912

Optional.
18831888

July, 1892
April 1, 18941883 to ’88
1883
1889
1883
1886

to ’89
to’90
to ’89
to’89

July, 1894 A’95
i887 to’95
1894-o-6

April 1, 1897
Sept., 1884 A ’89

Jan., ’92 to 1905
Rost.,Nat. Bk .CommoivwTth July 1, ’89-’90-’9T'
do
do
July, 1883 to ’91
Jersey Citv.
Jan., 1884
-do
Jam, 1886 to ’96
do
Jam,’97 to 1902

Michigan.—The. debt is practically extinguished, as the sinking fund
Equalized valuation of real and
j personal property, 1882, about $810,000,000. and tax rate for State pur¬
poses l-<),00 mills on the $ 1; in 1**3, tax rate. lN-mo mills.

j

lias sullieieiit assets to meet the debt

j

Minnesota.—All the old State bonds are held by the permanent school
fund.
Minnesota refused to recognize, the “State Railroad Bonds” of
1 *58, to -the amount, of
$2,275,000. A proposed compromise with the
holders was provided for in 18S1, and was carried out
by the issue of
the 1 l*j per cent bonds. Taxable valuations and State tax have been:
Years.
Real Estate.
Personal.
Tax Rate

j

1*7*
1 *79

.

$183,615,738

1**0
1 SSI

J.

$46,175,304

2i2

53.525.017
54,581.906
74.329.190
67,159.58*

203.473.637

15%
l-6ie

208,949,1*4
1882
244.033.*47
1*85
Tax for all purposes in counties averages
17sio mills. (V. 33. p. 74, 125,
282. 291, 304,329, 404,433,469,502, 588, 687, 74 I; V. 34,
p. 32, 86, 316.)
Missouri.—TheTax rate is 40c. per $100
Bonds maturing are met by
sinking fund. The. Hannibal A St. Joseph RR. paid the State $3,0u(>,000
for its debt, but the State refused on Jan. 1, 18*2. to
pay the coupons on
its own $3,boo.0t)() of • bonds.
Litigation between the*State and com¬
pany ensued.
Tiie following is a statement of the ’assessed property in
this State for the years 1881 and 1882:
,.

18*1.
Real estate
Personal property

$406,101,126
163,265,159

...

Railroad, bridge and telegraph property

32,353,097

1882

$142,826,*742
170,813.976

35,626,524

Total

$601,722,882
$649,867,242
—(V. 33, p. 6*7; V. 35, p. 236, 763; V. 36. p. 312 ; V. 37, p. 99.)
Nebraska.—The State school fund holds $326,267. There are also $50,
000 10 percent “ Grasshopper”’bonds due 1885, Interest
paid January
and July.
Assessed valuation (33Ja per cent of true value) and tax rate
per

$1,000 have been

Years.

1880..'.

Real Estate.
39,263.823
38.3,78.109
53,850,1 17

Personal,
Railroad, Ac.
35,125,713
30.981,389

1881

30,049,471
93,142,150

18.82

98,537.175

Tax Rn to,
6 37 *2
6 37*2
4 00
.....

Xen: Hampshire.—'The debt of New Hampshire was created for war
purposes. Tin* Municipal loan of 1872 was issued to cities and towns,
tin* proceeds robe applied to Their war debts.
Total valuation in 1882

(V. :>o! ]). 285.)
.Jersey.—The debt was created for

$215,000,000.
Xew

war

purposes.

Of the first

class of bonds the. principal is payable $100,000 per year.
Valuation
of real and personal property (taxable) m 1881. $527,451,222, against

October,

STATE

1883.]

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

Subscribers will confer a

Date of

DESCRIPTION.
For

Bonds.

explanations see notes on first page

New York—

I

Canal debt,
reg.

!

of tables
1875
1872
1873
1874
1879

Under Art, 7, Sec. 3, of Con- '

stock. 1 stitution, and Art. 7, Sec. 12. j

Size

INTEREST.

outstanding.

par
Value.

Or

$100 Ac.
100
100
100
50
500

Principal—When

Amount

or

Ac.
Ac.
Ac.
Ac.

•*4 t-

coo

1.562,900
4,302,600
2,000.000
2,600,64 1

Rate.

Carolina—Funding bonds tax-receivable.

Old bonds not funded
;
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax reeeiv’ble cps.)!
RR. bonds, not fundable (Chatham and W.AT.)

Penitentiary bonds, act Aug. 24, 1868.

Registered bonds, tax free, 15-25 years
1832 (registered)
in ten series

Agricultural College land serjip
Rhode Island—War bonds
War bonds

South Carolina—State House

Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable

1868

_

Special tax bonds
Ohio—Registered loan of 1881
Registered loan, payable after Dee., 1886
TennsyIrani«—Reg. bonds, tax fr., (red’ble 4)2).
Loan of February,
do
do

1882

...

stock and bonds

.

1881
1856
1877
1879
1882
1882
1872
1863
1864
1853 to ’54
1866
1854
1868
1868
1868
1 869
1874
1874
Various.
*

'.

i
j

Payment of interest.

Funding bank bills
Conversion bonds and stock
Consol, bonds and stock (Brown)

!

Tennessee—Funding bonds, act of 1873
Bonds regist’d, act of 1873,($25)2,300 are 5s).
Held by E.T. University (not. to be funded)...
Compromise bonds (act of May 20, 1332).....

Compromise bonds, act Of 1883

Ac.

3.806,300

1,000
1,600

1,075.000

1,000
1,000
1,000

1,180,000

100
100
100
100
50
50

1,730,000
44,000

Ac.
Ac.
Ac.
Ac.

2,400,000

8,000,000

2,000.000

Ac.

0,910.000

Ac.

2,500,000
500,000

1,000
1,000

631,000
738,000

1,000
50,Ac
1,000

15^,783

27.450
61,000

18,000

1,000
1,000

12s ,000

58,200

500, Ac.

500,Ac.

69,700

500 Ac.
1,000

4,152.613
(?)
(0

1,000

397,000

1.000

1SS2

8,224,351
(U
67,000

500,Ac.

'—

1872
rexas—Funding State debt (act May 2. 1871)..
1871
Frontier def’se,gold,act Aug.5,’70(red’ble 4)1)
1872
Revenue deficiency bonds, act Dec. 2, 1871..
1874
Bonds, act Mar..1874 (forpaying Hoat’gdebt)
1876
Redemption of debt, act Aug. 0, ’70
1879
Bonds, act April 21, 1870
Bonds to State University and School Fund..
Bonds issued to School Fund
:
1851 to’66
Virqxnia—Old bonds. 2*3 fundable
1851
Old oonds, sterling, not required tube funded
1871
Consol.) Act Mar. ’71) coup, tax receivable—
1871
reg., conv. into coup...
do
do
1872
do
(Act 1872) “ Pealer,” cp. not ree’ble .
1871
Deferred certificates (W. Va.)
1879
New funding bonds, 10-40s, ($445),300 reg.)..
1879
do
' do
sterling

$518,617,518 in 1880, $508,802,338 in 1870 and

11,366,000
2,175,000

499,000
467,000
288.000

1,000
1,000
1,000

6
7 g.

Various

State. Treasury.
A S. New York, Bank of N, Y.
do
do
A J.
do
do
A J.
it J. New York A State Treasury.
do
do
A D.

1891

M.
J.
J.
J.
J.

1911
1892

J.
J.
J.
J.
J.
J.
J.
J.

A
A
A
A
A
A
A
A

5
5

500 Ac.
£100 Ac

3,030,088
1,302,851
13,474,800
895,147
2,394,305

$531,851,840 in 1878.

mills.
New York.—The financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds in January, 1883, amounted to $2,085,15)5).
The new Capitol
building has cost the State thus far $13,000,000, but this has been paid
for by taxation. Valuations and tax rate for State purposes have been:
Personal.
Real Estate.
State Tax.

State school tax, 2

J.

1,068,900
216,611

346,000

Whom.

J.
J.

1,647,000

15,239,370
8,171.600

Due.

Payable and by

6 g.

1.000
100 Ac.

100,Ac.
100, Ac.
100, Ac.
V arious

Payable

Where

6 g.
6 g.
6 g.
4

7 g.
7 g.
6 g.

320,367

When

A J. N. Y.,Manhattan Co. Bank.
Oct., 1893
do
do
A J.
July, 1887
do
do
A J.
July 1,1891
do
do
A. A O.
Oct. 1. 1892
1909
J. A J. N. Y., Nat, Bk. of Republic.
do
do
1868 to ’08
6
Various
1883 to ’85do
do
6
Various
1912
A A 0.
do
do
6
1868 to ’98
6
do
do
A. A O.
6
New York.
Oct., 1898
do
1898 to '99
A. A O.
6
At will. 1883-’88
4
J. A J. N. Y., American Exch. B*k.
do
do
Jam. 1887
J. A J.
6
Feb. 1, 1902
5
F. A A. Pliila., Farm. A Mecli. B’k.
do
do
4
F. A A.
Aug. 1, 1904
do
Feb. 1, 1912
do
3b> A 4 F. A A.
do
do
Aug. 1, ’83 to ’92
31e A 4 F. A A.
1922
Harrisburg Treasury.
6
J. A J. Providence, R. I, II. A T. Co.
6
July 1, 1893
do
do
6
F. A A.
Aug. 1, 1894
1871 A ’81
6
J. A J. Columbia, State Treasury.
6 g. J. A J.
Columbia and New York. July 1,1887 to’97
July 1, 1875 to '79
6 if. J. A J,
Columbia. Treasury.
July 1, 1888
A. A O. Columbia and New York.
6 g.
do
6 g.
V. A O.
do
July 1, 1888
July 1, 1889
do
do
6 g. J. A J.
do
do
6 g. J. A J.
July 1. 1882
6
J. A J. X. Y., National Park Bank.
July 1, 1893
July 1, 1914
6
J. A J.
Nashville, Treasurer.
1875 to 1900
do
do
J. A J.
5 A 6
Various.
do
do
J. A J.
6
Jan. 1, 1912
New York or Nashville.
3, 4, 5, 6 J. A J.

1
8
7
9
.
0
708178118709.
North

7

SECURITIES'.

6
6
5
6
6
6
6
3 to 5
3 to 5

J.
J.
J.
J.
J.
J.
J.
J.

N.’Y., Winslow, L. A Co.
London, Baring B. A Co.
Richmond, Treasury.
do
do

March 1, 1904

July, 1906
1909

1886 to ’95
1886
1905
1905

Contingent
1919
1919

Dec. 24, 1879. and February, 1880.
In November, 1882, the consols
stood at $5,429,5)28, which amount was made up as follows: Brown
consols actually issued, $4,152,613; green consols not yet exchanged,
$1,5)82,391 less*amount invalid, $705,077 ; balance, $1,277,314; total,
$5,429,5)28. The old issues yet fundable stood as above. Valuations
and rate of tax per $1,000 have been :
Years.
Real Estate.
Personalt y.
Railroads. Tax Rate.

$85,633,873
76.583,866
77,605),666

$40,083,3ll

36,574,858
41,785,768

$6,520,772
7,392,5)00

2%
4^

2l-»10
5
13,767,400
2,333.665),813
2^1000 —(V.33, p. 12, 589.)
2,315,400,526
3
2,340,335,65)0
Tennessee.—A funding law was passed (act of May 20, 1882) without
3 4 0,5)21,5) 1 6
24t
the tax-receivable coupon clause, and giving new bonds at 60 per cent
2,432.661,378
351,021,185)
2 45
of tin*, principal and interest of old, the new bearing 3per cent in
2,557,218,210
315.035),085
3H
1882-83, 4 per cent, in 1884 and 1885,5 percent in 1886 and 1887,
North Carolina.—Interest has been paid on bonds issued to No. Caro¬ and 6
per cent 1888 to 15)12.
Exchanges were made in New York July,
lina RR., as the State holds $3,000,200 stock and receives dividends
1883, and $8,224,351 of these, compromise, bonds were, issued. The
thereon. The funding law-of Mar. 4, 1875), provided for funding old anteLegislature of 1883 repealed this law and passed a new one adjusting
war bonds at 10 per emit of the lace value ; - New ” railroad bonds recog¬
the’debt on the basis of new bonds at 50 per cent of the face value or
nized-as valid at 25 per cent; funding bonds ot 1*60 and 1868 at 1.) old, and bearing
3 per cent interest ; the old State, debt, proper of
per cent. Nothing for overdue coupons. Coupons ot the new Ponds
is made an exception and new 6 percent bonds are to b<y
are receivable for taxes.
The funding ended January 1, 1^82, but $2,118,000
issued for that- at the face, value. Assessed valuations and tax rate
was continued in April, 18.83,.by a new law.
If all v,ere funded the per $1,000 have been as .follows:
new 4 percents would be $3.585), 51 1.
Special tax bonds are ignored, Years." Real Estate.
Personalty.
TaxRato.
Railroads.
and also bonds to Chatham RR.lsps, $1,030,000, and to Williamston A
$21,319,<03
$
$212.589,04 5
$1
Tarb. RR., $150,000. and for Penitentiary under acts of 1868.
202,340,815
1
20,871,338
The old North Carolina RR. construction bonds arc exchangeable. foY
1875)
196,165,611
16.952,036
1
the new 6s, due 15)12 (see V.35, p. 132), and many holders have already
1880
195.635,100
16,133,338
16,375.894
1
so exchanged.
Assessed valuation of real estate is about 60 pel* cent ol
$2,373,418.45)0

1878
1875)
1880
1881
1882
1883

true value.

Valuations and tax rate per $100 have been :

Real Estate.

Years.
1878
■1879

$364.5160,110
352,465), 320
322,468,712

Personalty.

Total Valuation. Tax pr.

$100

$142,308,102
38
$5)1,075),834
$51,228,268
156,268,241
.24
101,75)5), 124
5 4,168,8 1 7
165), 5)16,5)07
28
102,3 18,216
67,568,691
167,73 8.635)
28
1881
104.742.5)11
62.5)95,728
—(V. 33, p. 528, 560, 642, 744; V. 31, p. 378, 550; V. 35. p.22, 132, 339;
V. 36, p. 81. 170, 399.)

—(V. 34, p. 178, 205. 231 252, 428, 461,522. 596; V. 35. p. 183, 457,
763 ; V. 36, p. 18, 170, 254, 286, 332, 721; V. 37, p. 49, 268.)
Texas.—The ohl high-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.

.......

Ohio.—Ohio has a very

small State debt; but large local debts, amount¬

ing in 1882 to $45.706,351, against $25,957,588 in 1875, this increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.

3860

.

Personalty. I

$639,894,311 $2 18,108,25*0

Real estate.

Personalty.

| 1S80.$1,102,019,931 $156,166,034

1866.. 663,617,512 442,-561,375) | 1881. 1,101,457,383 485,750,196
1878. 1,05)1,116,5)52 461,460,552
1882. 1,116,681,655 518,229,079
1879. 1,093,768,904 442,979,885 |
State tax rate for 1881-82, 2'bo mills ; for 1882-83, 29jo mills.

Pennsylvania.—Sinking fund December. 1882, $2,017,073.
principally from eorporations. Taxes are levied on

Is raised

Revenue

personal

The State holds $5,775,000 of railroad bonds. Aliy coupon
bonds may be changed to registered. Total valuation in 1882, $1,664,847,494; tax rate, $3. (V. 33, p. 623; V. 3 1, p. 20.)
Rhode Island.—The debt was all created for war purposes. In Jan.
1883, the net debt, less sinking fund, was $1,382,315.
The State valua
tion of real property m 1883 was $328,530,559; tax rate, 12 cents on
property.

$106.

South Carolina— The funding law of Dee. 23.1S73, provided for seal¬
ing down tin- old debt 50 per cent. The consols were again “re-adjusted”

in'1879.




The several acts were

passed Dec. 3,1873, Dec. 24,1878,

Real Estate.

Total Val’t ion. Tax Rate.
$303,202,424
$5

$187,722,374

Personalty.
$115,480,050

180,297,45)5
197,167,630

114,227,942
121,803,106

300,525.407
318,970,736

216.228,017

110,000,000

357,000.000
400,000,000

1882

5
....

3

-(V. 34, p. 329.)

Virginia.—The accumulated arrearages of interest on the debt proper^

October 1, 1881, were $3,565,331. The law of March 28. 1879. for
refunding the debt, was given in Chronicle, Vol. 28, p. 353. The new
bonds are 10-40 year bonds, and bear 3 per cent for 10 years, 4 per cent
for 20 years, and 5 per cent for 10 years, coupons tax-receivable.
In February, 1 882, the Riddlebergcr law for readjusting the debt and
the laws known as “Coupon killers” Nos. 1 and 2, were passed, (see V.
34, p. 88). The Supreme Court of the U. S. held (V. 36, p. 285) that the
law requiring the validity of the coupons to be established before a
State court did not impair the contract making them receivable for
taxes, and was therefore constitutional, but the case is to be reopened
in same court on appeal.
Assessed values m 1880 were: real estate, $234,272,051; personal,

The receipts of the State Treasury in 1880-81 were
$2,632,345, and current expenses, $2,152,028, leaving $480,317 bal¬
Tax rate, 5 mills. The U. S. Supreme Court in January, 1881,
ance.
held the coupons of consol, bonds not taxable by the State,
(v. 33, p.
562 ; V. 31, p. 88, 179, 379, 489, 541, 715; V. 35, p. 52. 79. 104. 267,
603 ; V. 36, p. 18,. 2S5, 286, 304, 332, 445, 471, 561; V. 37, p. 268, 399.)
$70,391,018.

CITY

8
Subscribers will confer

a

SECUEITIES.

[VoL. XXXVII,

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

DESCRIPTION.

Date of
bonds.

INTEREST.

Size

Forexplanationssee notes on first page of tables,

oi

outstanding

$1,000

$150,000

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

448,000

When

Rate.

1800

City’improvement

187o-’71

Washington Park

1870-’82

New Post Office site

82 1

1874

1875
High School
Water debt <$400,000 due 100045, are 7s)
1874-’80
Western Avenue improvement bonds
1877
New City Ilall
1882
South Pearl Street bonds
1882
Bonds loaned to Albany A Susquehanna HR..
1805
’6G-’G7-’72
Allanta, Ga.—Bonds for streets,Are
18G9-’70
Bonds, A. L. Railroad for ami State House
Bonds for West. RR. and floating debt
1872 A ’77
1874
Bonds, 1st and 2d series, waterworks
1877
Redemption bonds
do
1875
do
1881
Various.
Augusta, Ga— Bonds for various purposes
Baltimore—Consolidated loan of 1890
Various.
Water loan, reg. stock, red. at will after 1910
1877
1878
Funding loan, reg. stock, tax free
1803
Consolidated bounty loan
1805
Exempt bounty loan
Public parks (Druid Hill)
1800
Park improvement loan
1803
Five million loan to Baltimore, A Ohio RR
1853
One million loan to Pittsb. A C’onnellsviile RIl
1853
New City Hall.
1808
do
do
1870
do
do
1874
Consolidated loan
1804

Paving loan

188 1

Funding loan

1870
1872
1872
1873
1874

Western Maryland Railroad
Jones’ Falls ($8(58,500 are 5s)

Valley Railroad

Water loan ($203,000 only' are 0s)
Harford Run improvement loan
1880
Western Maryland RR. loan ($084,000)
1882
Endorsements for Western Maryland RR
do
do
Union Railroad
Bangor, Me.—City debt proper ($50,000 are 7s) 1858 to ’72

Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
European & North American Railroad
Bangor A Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000arc 0s,’97, J.AJ.)

1,600

Boston— Citypurposes. war debt. &c
do
do

do
do

West Roxbury
Burnt district, sterling loan
Consolidated street improvem’t,

2,001,000

100 Ac
100 Ac
100 Ac.

7,300,540
5,000,000

100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.

2,211,008

Mystic water debt, assumed
Cochituate Water loan, 0 per eeu
do

do

5 per

eei-i,

do
do
do
do
do

do

4 per

ee?

do
do
do
do

Sterling.
5 per cot
cl”
do

.

,

j

1,008,500

1,015,300
4,000,000

250,000
371,000

1875
1809
1809

500,000

1,000
1,000

1,000,000
925.000

1809

Various
Various.
Various.
Various

425,000
300,150

1871-’72

Various.

391,000

180,500
193,000

120,000
1,000

1,000

1,734,000
10,591,000

0,294,000

1873
.£100 Ac
18(59
£100 Ac
1802 to’70
1,000
1800 to’70
1875 A ’7fc
1878
1872
£100 Ac

1801
1857
1805
1800
1805
1800
1807
18G2 A ’07
1807

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

1,000
1,000

450,000
42)0,000
208,000
237,000
4,997,004

3,139,980
1,127,000
4,901,000
13,000

588,000

1,947,274
3,552,000
2(58,000
080,000
213,000
90,000
552,000
110,000
13 1,000
157,000
19M)00
273,000
208,000

1,000

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

...

1857 to’72
1872 to ’75

Permanent water loan
do
do

1,000,000

300,000

do
do
1870
New York Bridge loan, registered and coupon
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
1870-’79
18(50 to ’73
Prospect Park loan,regi-v.tweo aid coupon
1800 to ’72
Prospect Park loan..
Bay

800,000

1,000

1879-’80

Soldiers’aid fund loan
Gowauus canal improvement loan, local
Busliwick avenue
do
do
do
SouthSeventh at.
do
do
do
Union street improvement loan, local
do
Fourth avenue
do
do

500.000

1,029,001
145,090

500 Ac.

1879

Brooklyn—Brooklyn local improvement loan...
Moimt Prospect Square loan

410,353
555,500
185,723
5,000,000
1,000,000
1,000,000
1,000,000

100 Ac.

1875-’7C

gold.

4
4

1,000,000

1,375,000

Various

sterling loan.

08,500

250 Ac.

1879
1877

City debt and Roxbury and Charlestown

Wallabout

400,000
418,000
430,000
77,000
52,000

1,000

1852 to ’04
1804 to ’80
1878-’82

City debt and Roxbury and Charlestown
do
registered

1,000
500 Ac.
1,000
500 Ac.
1,000

100 Ac.
100
100 Ac

Personal

187.387,000
185,197,157
02,033.032
187,210,000
00,000.000
Ass’d valuat’n is near the full cash value.

1881

Total
Valuat ion.

per

252,900,000
•217,230,189
240,23 1,050

$1,000.
13 70
13 70
13 70

(V. 35, p. 702: V 37, )>. 11:7.)
Bangor, .lie.—The loans to Eli. A No. Am. R. R. to BangorA Pis. R. R.
ire secured by lirst mortgages on those roads, and interest fully paid
from the earnings. Valuations (near full value) amj tax rate ha\ <• been :
Years.

*

Real Estate.
0.352.973

0,411,703

lYrsonalt

v.

2,803,2.53
2,893,130

Municipal property, including waterworks, about $800,000
tion, 10,851 in 1827, ±8,829 n 1870

/ FRASER
Digitized for


Tax rate.

Popula-

do
do
do
do

Jan, 1,
Jan. 1,
Sept. 1,
July 1.

do
do
do

July 1, It) 10
After

Jan. 1,
Jan. 1,
Jan. 1,

do
do

March 7, 1002
After 1885
After Nov. 1,1920

July 1, 1900

Balto., N. Mechanics’ Bank,
do
do

A. A O.
J. A J.
J. A J. Balto.,

Jan.

A
A

April 9, 1900

do

Oct. 31, 1880

July 1, 1894
City Reg’ter’s Office. After Jan. 1, 1920
.

1925
’90 A 1900

J.
J.

nore, Franklin Bank,
n, Merchants’ N. B’k.

Various

do
do
do
do

J.
J.
J.

A J.
A J.
A J.
A. A O.
M. A 8
Various
A. A O.
J. A J.
Various
J. A J.

•

'

do
do
do
do

Jan. 1
Jan. 1, 1895
1885 to’92
Jan. 1,1894

July 1, 1905
Jan. 1, 1894
April 1. 1899
1887 A 1897

City Treasury,
n,

Second Nat. Bank.

’83, ’85 A ’98
Jan. to Oct., 1891

July-1,1883 to ’99
1891 A 1902

July 1, 1902

Various
Various
Various
Various
Various
Various
A. A O.

J.

1883 to’87
1883 to’97
1887-1913
Oct.. 1889
1887
Various.
1883 to 1891

London, Baring Brothers,

April. 1893
July, 1899

Boston, Treasurer’s Office,

1883 to’94
1897 to 1908

do

A J.

Various
Various
Various

do
do
do

A. A O.

A. A 0.
....

A.
A.
M.
J.
J.
J.
J.
J.
J.
J.
I.
r.
, r.
r.
r.
r.
r.

:

1, 1902

do

j
J.

J.

1895
1890
1880

July 1, 1884
April 15, 1900

<lo

City Register’s Office.

J.

A

Julv. 1910

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

Q.-J.
Q.—F.

1885

1911
1882 to 1905
Julv 1, 1890

do
do
do

do
do
do

1904
1897

do
do
do

1907-1908
1908

London, Baring Brothers.

Oet., 1902

JBoston, Treasurer's Office

A O.
A O.

do

do

A N.
A J

1905-1908
1909
1909-1912
1891
1887
1885 to’90
1883 to 90
1883 to’90
1883 to ’90
1883 to’80
1883 to ’95
1883 to ’90
1899-1924
1905 to 1920
1915 to ’24
1915 to ’24

do
do

Brooklyn,
do
do
do
do
do
do
do
do

A J.
A J.
A J.
A J.
A J.
A J.
A J
A J.
a j.
a j.
a j.
a j.
a j.

£.b

do

do
do

do
do

\

do

1883 to 1912

Balk, Me.—The city holds a tirst mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total ot $2,395,000 bonds issued byseveral cities in aid of the latter road. Tax valuation, 1881—real estate,

$2,703,425; personal, $3,807,910; total. $0,511,335.

Tax rate, $25
rate, $25 Ob.
Boston in 1880 was 302,839; in 1870,
250,520. against 177,840 in 18(50. The total funded debt April 30.
1883, was $41,184,358,and net debt, $24,858,817. The tax levy in 1883
is divided as follows: State, $578,055; county, $291,200; city, $8,778,550. The rate on $1,000 on valuation of 1883 is as follows: State,
72c.: county, 23c.; city, $13 50; total, $14 50, against $15 10 on

per $1,000; 1882. $0,847,945 ;
Boston.—The population of

valuation of 1882. Assessed valuation on May 1 for four years have been:
Net Debt.
Personal Estate. Tax Rate.
Years.
Real Estate.
1880
$27,842,104
$201,858,000
$15 20
$137,230,000
13 90
1881
210,105,997
20,005,620
455,388,000
15 10
204.785.000
18*2
24,261,661
407,705,100
14 50
1883
203,900,700
478,102,800
24.858,817
—(V. 32, p. 99; V. 33, p. 93.)

Brooklyn.—The whole city debt was as follows Jan. 1, 1882 and 1883,
Permanent debt

—

Water loan.

TVmp’y debt, payable from assessment.
Tax eertilieates

Jan. 1. 1882.

Jan. 1, 1883.

$20,857,000
9,830,500

$21,230,000

7,239,551

4,270,000

9,859,500
6,919,551
4,150,000

Totals
! $42,197,051
$42,105,051
Collections on arrearages of taxes iu 1882 were $2,615,188, and tlio
amount of arrenrs$l,435,803, showii.g a train of $1,179,294 for tli«year.
Population in 1870, 390,099, against 566,063 in 1880. Valuation of
property and tax rate per $1,000 tor four years have been:

Real.
Personal.
Rate.
$220.303,199
$25 50
$12,562,500
223.020,197
11,215,794
20 90
issl"
210,128,905
15,137,040
23 77
ss2
204.404,017
14.383,541
23 10
Vie ih M of Kings Countv, separate from the debt of Brooklyn, is
about $4,000,000, of which the city is responsible for nineteen*
twentieths. (\ , 33, p. 713; Y* 35, p. 3<2; Y, 37, p. 71.,
Years
i ;;*/*)
1 -,^0

-

2*34

do
do

Augusta.

Q.-J.

5
7
5 g.
5 g.
5 A 0
6
5
4
5 g.
5 g.

.?

189 3-’97
1880 A 1892
J. A J., 1890
J. A .J., 1902

Balto., Farm. A Plan. Bank.
Balto., Nat. Merchants’ Bk.

Q.-J.
Q.-J.

J.

to’85

July 1,1905 to’10

Q.-M. |I Balto., Nat. Mechanics’ Bk.
do
do
Q.-J. !
Q.—J. ! Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank.
Q.-J. Balto., Farm. A Plan. Bank,

M. A N.

>

Feb. 1, 1893-1912
Feb. 1. 1883-4-5

do
do
do
do
do
do

N.
N.
S.
S3

A. A O.

6

Rato of Tax

A
A
A
A

4tj

1,217,000

May 1, 188

Albany.

Q.-J.

4b?g.

4*2g.

1910-’21
Mar 1, 10)4

A N.
A A.
A A.
A J.

A J.
A J.
A J.
A J.
A .T.
A S.
A J.
Various

M.
M.
M.
M.

and Aib my.

Y., Merchants’ Nat. B k.

J.
J.
J.
J.
J.
M.
J.

-

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

New York

! M. A N.

7
8
7
8
10
5
7
6
5
5
0
0
0
0
0
0
0
6
6
5
4
6
6
5 A 6
0
5 AO
4
4
0
0
6 A 7
6
0
6
6 A 7
5 A 0
6
6
6
6
4
5 g6
4

Due.

Boston, Merchants’ Bank. Feb., 1885 to ’94
New York.
March, ’80 to 1900

•

.8

9,859,500

Albany.—The loan to Alb. A Susquehanna, is secured by first mortgage.
Albany County in 1882 was, approximately: Real
estate, $81,004,218; personal, $7,8-47,3(5(5 -estimated to be aboiit threefourtlis of true value.
,,;t* tax rate 1882, 1-80. Population, 90,758 in
1880; 09,422 in 1870.
Atlanta.—The total bonded debt Jan. 1.1882, was $2,190,500. Assess¬
ed value real of estate in 188f, $14,721,833; personal, $7,474,253.
Population, 37,409 in 1880; 21,789 in 1870.
Amgusta.—Of this debt, $000,000 was issued for railroads, and balance
for canal enlargement, water works, Ac. Sinking funds, Jan. 1, 1883,
$211,700. Taxable valuation in 1883: Ilea4 estate, $9,902,940; per¬
sonal, $0,182,501; tax rate, $1 871c per $100. Population in 1870,
15,389; in 1880, 21,891.
Baltimore.—The. total net debt over and above productive assets, on
which the city is chargeable with interest, was $5,872,714 on Dee. 31,
1832, against $0,294,191 Dec. 31, 1881. The Baltimore A Ohio Railroad
pays interest on $5,000,000: Water loan is paid by income of water
woiIjs, and Public Park by City Passenger Railway, and against a total
debt of $30,915,091 the city is chargeable with interest on only
$27,014,285, and holds productive assets, including the sinking funds,
equivalent to $21,141,571, leaving only $5,872,714 as an absolute
charge for interest. There are held $15,283,400 of unproductive assets.
The total amount to be raised by taxation in 18*3 is #2.(590,957.
Population in 1870, 207,354 : iu 1830, 332,313. Assessed valuation and
Property.
65.013,000

4
0

3,000.000 1
S,090,000 5, 6 A 7
7
8,019,000

The valuation of

tax rate have been :
Real
Years.
Estate.

....

800,000
205,000

1874

1801

Kuox Sc .Lincoln Railroad ($23,750 each year)
do
do
(F.AA.and M.AS)..
Railroad refunded

-

M.
F.
IF.
J.

0 A 7
0

117,000
115,000
02,000

.

F. A A.
M. A 8
M. A N.

M. A N N.

7
7

'■

1,100.000

117,000
100,000

Knox & Lincoln RR., for stock and coupons.-

Androscoggin Railroad.

1,044,000 4, 5, 0, 7

500 Are.

*

6
7

115,000
3o,000

Where payable and by
whom.

Payable

:s
Albany, N. T.—Purchase Congress Hall Block..

Principal—When

AI1JUUI1 L

par
value.

’

Subscribers will confer a great favor

Boulevard bonds
Temporary tax certificates

1873-74
1874-5
1866
i860 to’ 17
1865
1867 to ’75
1869-71

Water loan
do
do

218

.

Charleston's. C.—City stock
City bonds, coupon

1853 to ’54^
i860

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

$1,725,000

coup, or reg

Chelsea, Mass.—Funded debt, coup
Funded debt, coup

500 Ac.
500 Ac.
1,000
500 Ac.

1,000

162,000

:

notes
do
Water loan, coup

....

1-8 8 2

(refunding)
Sewerage boiuls

....

85,000
992,000
96,000

1,000
....

200,000

1,000

132,000
3,490.000

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

1880

do

109,500
3,413,300

1,000

....

....

29,050
51,000
103,400
500.000

.

100 Ac.

....

Water loan
Water loan

.

....

....

Chicago—Water loan

.

....

....

3

....

1,000
improvement bonds
1,000
Municipal bonds
500 Ac.
Municipal and School bonds
1881
Municipal bonds (refunding loan)
1865 to’80 500 Ac.
Cook County debt
1,000
Cincinnati— Loans to Railroads
M 1843 to ’54
1855
1,000
Bonds to O.A M. RR. to purchase whf. prop.N
....

2,536,500
843,500
4,941,500

....

....

Street improvcm’ts
Street damages. Ac.,

701,000
210,000
250,000

1,000

1,000
1,000
1,000

150,000
98,000
194.000
397,000

500 Ac.
500 Ac.

1,000

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

1882




26.8 1 7.s 06

28,161.678

29.052,906

29,052/006

do

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

r.

do
do
do

do
do
do

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

5 A 6
7

M.
J.
F.
M.
M.

5
4
4
4

M.
J.
J.
J.

7
7

60.000

500,000
800,000
100,000

6 A 7
3 05
7

315,000
275,000
315,000

6 A 7
6 A 7
7

184,000

5, 6 A 7
5, 6 A 7
5, 6 A 7

282,200
108,100
352.200

6

50,000

4

86,000

32 01
33‘3.a
34 72
33‘72

-

5, 6 A 7

2,138,000

....

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

Cincinnati.

3 years from date.
3 years from date.
1883
1883-4
1883 to 1925
1883 to 1925
Julv, 1883-1900

April 1, 1889
Jan.1,1S93
Ton

1 QQU In ’Ort

1

Jan.1, 1903-4-5

Apr. AOct.l,’84-95
July 2, 1886
Julv 1,1886 to ’9$
Aug. 1. 1883

Apl. 1, 1887-1895
May, 1889-1891
1868 to ’98
1883 A ’84
1890
18SS to 1897
1898
Jail. 1. 1909
1883
1891 to 1895

1889-1890

Aug. 1,1887-’95
1897 A ’98

July 1, ’88 to ’95
1902
1884 to ’95

July 1, 1900
1890 to ’95

July, 1895 A ’96

i885 to ’99
1901

May 1,1885-’92
1884

Nov., 1885
June, 1888
1888 A 1889
Jan., 1890
Nov., 1890
April 1, 1895
March, 1897
1897 A 1898
Jan., 1900
June A Oct., 1900

March, 1908

S. N. Y., Am. Exeh. Nat, Bk.
Sept,, 1899
do
do
S.
Sept., 1899
do
do
O.
Oct,, 1899
do
March
do
S.
1, 1886
do
do
A.
Aug., 1886-’97
do
Dec. 1, 1891
do
D.
do
do
J.
July 1, 1902
do
do
J.
July 1, 1902
N.
New York or London.
May 1, 1906
N. N.
Am Exch. Nat. B’k. Nov. 1, 1908-’09
do
do
N.
May 15, 1904
do
Jan. 1, 1896
J.
do
do
A.
do
Aug.,’85, ’90 A’95
do
do
N.
May 1889-1909
do
do
May 1, 1906
N.
v

1883 A ’84

.

1,815,000

1,000

A J.

Various
M. A S.

7

285,000

,

89,031.955
90.099.015

do

Various

7 3-10
7
7

300,000
175,000
50,000
433,462
1,337,000

1880; 18,547 in 1870.
Chicago—The net funded debt January 1, 1883, was $12,435,794
The city debt is limited to 5 per cent of the Illinois State valuation.
Of the funded debt, $3,955,000 is on account of the Water Works, which
yield an income much above the interest charge on the debt
Tax
Equalized Value.
>
Rate.
Real Estate.
Prrsonal.
Years.
$28‘63
1878
$27,561,383
91.152,220

M. A N.

600,000
7
578,000
7 3-10 J.
8,335,000
4,943,000 6g. or 7*3 M.
M.
6 A 7
1,820,000

Buffalo.—In 1875 real and personal property was assessed at
i39.fl08.105; in 1876 rule of valuation changed and assessment was
1111,995,905. Since that date valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate.
7,917,380
17 60
1878
80,929,165
1882...
'
98.097,000
16 13
1883
101,963,765
16 27
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are exchange
able for registered.
T he interest on different bonds is 3 J2. 4, 4*2, 5, 6
and 7 per cent. Population, 155,131 in 1880; 117,714 in 1870.
Cambridge, Mass.—The sinking funds, January 1. 1883, amounted to
$1,974,650. The investments are nearly all in city bonds at par and
stamped “hot negotiable. Tax valuation, 1879. $49,238,098; in 1881,
real estate $39,124,300, personal $12,552,190; tax rate, $L6 per $1,000.
Valuation, 1882, $50,668,280. Tax rate, $1*66 per $100. Total debt,
April, 1883, $4,563,900. Population, 52.669 in 1880; 39,034 in 1870.
Charleston, S. C.—'The bonds of Charleston are mostly held within the
State of South Carolina. Conversion bonds of 1879 are issued in
exchange for city stock. Valuations and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop.
Tax Rate.
1830
$15,017,595
$6,555,864
$25 00
J 5,1 82,845
22 nil
7.244.212
15,454.010
7,926,602
22 50
—Population. 49,9S4 in 18-0; 48.950 in 1870.
Chelsea, Mass.—.Sinking fund, January 1,-1883. $214,080, and debt,
$1,661,800. Tax valuation, 1881, $15,701,537; tax rate, $19 00. Valu¬
ation in 1882. $10.8o3,729; tax rate, $18 80. Population, 21,782 in

1879
1880
188 L

6

7 3-10

1,000,000
50,000

1,000
1,000
100
100 Ac.

„

’

133,000

1,000

1882

..

450,000

do

Funded debt bonds

....

150.000
100.000

500 Ac.

Whom.

J.
J.
J.

/

Due.

Payable and by

A J. Brooklvn. )
Coupons
f
do
'
A J.
paid at
A J
do
7
[Nassau Bank,
6 A 7
Brooklvn.
|
J
Buffalo and New York.
3^2 to 7 Various
3io t o 7 Various
do
do
do
do
31-j to 5 J. A J.
5
A. A O. Boston, Bank Redemption.
5 g. J. A J.
Boston, Tremont Bank.
6
J
A J
do
6
j. A J
do
A. A O.
6
do
do
6
J. A J.
do
do
J. A ,J
do
do
6
F. A A.
do
6
do
A. A O.
do
6
do
6
M. A N.
do
do
6
Charleston.
Q.-J.
Various
do
6
J. A J.
do
7
do
7
A. A O.
6
do
4
do
J. A J.
A. A O. Boston, N. Bk. Redemption
5Uj
do
do
6
Various
Various
410
F. A A Boston, N. Bk. Redemption
6
6
J. A J. N. Y., Am. Ex. Nat. Bank.
do
7
do
J. A J.
do
365 J. A J.
do
do
do
7
J. A J
do
do
J. A J.
4^3
do
do
7
J. A J.
do
do
6
J. A J.
do
do
7
J. A J
do
do
4
4-k> to 7 M. A N. N. Y., Metropolitan Bank.
6
Various N. Y., Am. Exchange Bank.
do
M. A N.
do
6
do
do
7 3-10 r. A D.
do
do
7 3-10 Various
do
1. A J.
do
6
do
M. A N.
do
6
do
do
6
A. A O.

150,000

1,000
500 Ac.

Where

Payable

4, 5, 7
4, 5, 0,

131,000

1,000

When

Rate.

146,500
750,000
60,000
175,000

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

do
1 876-77-78
Infirmary and River dredging.
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to’78

3,000

2,133,000
490,000
2,608,000
186,000

River

1868
Bonds for erection of a Workhouse
1868
Bonds for Water Works
C3
Bonds for Common School purposes
P 1860 to’61
1855
Bonds to O. A M. RR. to purchase whf. prop. .N
Bonds for ext. and impr. Water W. .C, D. & E 1847 to’50
Bonds for funding floating debt
A2 1847 to ’48
Bonds for new Hospital...
SAS2 1867-’68
1853
Bonds for funding floating debt
L
1853
Extension and improve. Water Works... K AF
1858
Bonds to purchase Orp’n Asyl. grds. for park.O
1869
Bonds for sewerage
R
1869
Bonds for improving Gilbert avenue
U
1869
Bonds to build Eggleston avenue sewer....B3
1871
Bonds for improvement
W
Bonds for Water Work purposes
...C4AC5 1871-’72
1871
General improvement
W2
1872
Cincinnati Southern RR
1872
do
do
1876
do
do
($3,200,000 are gold 6s)
1878 A ’79
do
do
1874
Floating debt bonds, coupon
1875
Park improvement
1875
D1
Water-works bonds
Bonds for McLean Ave. sewer
U2
1876
Hospital bonds
1876-’77
1880
1381
do
do
tlo
1882
Work House and Infirmary
1881
Deficiency loan (redeemable after 1891)
Cleveland— Water works ($200,000 are 6 p. ct.). 1872 to’76
1882
Waterworks
1869 to’81
Funded debt ($203,000 6s, $32,000 5s)
1872 to’80
Lake View Park
1874 to’79
Canal and canal lock ($11,000 are 6s)
1868 to’82
School ($100,000 are 6 p. ct.)
1868
House of Correction
Various.
Main sewers, special assessment

100.000

150,000
1,266 000
689,000
514,000
100,000
526.500

55,000

....

1878
1879

467,937

635,000

....

....

2,900,000
842,000
4.150.000
3,915,500
2.371.382

1,000
1,000
.

,

Fire loan bonds, coupon

?

1378-9-80 $1,000
1877-8-9
1,000
1873
1,000
1879-80-81
1862 to’81 1,000Ac

500 Ac.

do
do
do

Principal—When

outstanding.

par
Value.

1868 to *81 1,000Ac
1877-81
1,000Ac
1861
1,000
1863
1,000

.

INTEREST.

Amount

or

....

Buffalo, A. Ir.—Funded debt bonds
Water works bonds
Tax loan bonds.....
Cambridge, Mass.—City bonds
City bonds

do
do

Size

notes on lirst page of tables

JBrooklyn—(Continued )—
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local

9

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

Date of
Bonds.

DESCRIPTION.
For explanations see

SECURITIES

CITY

October, 1883. J

A N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
do
do
A J.
July, 1911 to 1931
Cincinnati.
July 1, 1892
A J.
June l, 1901
A D. N. Y., Am. Exch. Nat, Bk.
do
do
1892-’93-’95
Various
do
M. A 8.
do
Sept, 1. 1902
1883 to’96
do
do
Various
do
1887 to’92
do
Various
do
1894 to’96-’98
do
Various
1886-7 A 8
do
do
Various
1883 A ’84
do
A. A O.
do
do
do
1883 to’92
Various
1883-1-5-6
do
do
Various
1883 to’89
do
do
Various
1883 to’87
do
do
Various
do
1893 A 1907
do
Various
do
do
M. A S.
Sept. 1, 1887

value of real estate is about one-third of its true value
Population in 1870 was 298,977, and in 1880, 503,185. The South Park
West Chicago Bark and Lincoln Park loans'are not debts of the city
but of distinct corporations. (V. 34, p. 574.)

The assessed

Cincinnati.—In addition to the issues above named there remains
smaller amounts, as follows: $108,000 5s, November, 1884;

several

$56,000 (YY2, A O.) 6s, 1336-83; $17,000 6s (Q.), November, 1890;
$27,000 6s (A.). March, 1897; $76,000 (H2.), August, 1897. City holds
$1,274,000 of Cincinnati Southern bonds.m sinking funds. In 1870 the
population was 216,239, against 255,139 in 18S0. The following table
front the books of the Auditor of Hamilton
assessed valuation of the city of Cincinnati
1870 to 1879:
Personal
Real
Estate
Estate.
Years.

I860....
1870....

$01,020,904
78,730,482

$31,411,912
57,370,754

1871....

1
1
1
1

23,427,888
19,621,856
21,479,280
23,231,790

50,934,044
55,402.410
64,166,460

1872....
1873....
1874....
1875...
1876....
1877....
1878....
1879.... /
1 "80
1881....
1832....

58,708,284
58,521,730
56,809,066
50,609,872

County, Ohio, exhibits the
in the year 1860, and from
Total
Valuation.

$93,032,716
136,107,236
180,361,932

175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142

1 27,143,900
1 28,820.270
1 29,043,880
1 28,473,130
1 29,956,980
1 20,045.230

,41,359,103

161.404,3**3

38,342,183

28,643,917

166,986,105

43.830,1*8
40,832,505

37,578,376

172.874.068
169.305,635
3 67.535,356

Tax per

$1,000.
45
31 60
22 20
20 10
23 06
23 38
24 82
27 04
29 10
28 54
28 98
31 00
22 20
23 82

$17

city is the sole owner of the stock of the Cincinnati Southern Rail
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.
The

sewer, street improvements and street opening bonds
special local improvements, and redeemed by assessments on the

Cleveland.—The
are

f< r

property benetitted.
funds have beeu:

assessed valuation, ^tux rate, debt

and sinking

to

CITY

Subscribers will confer

a

SECURITIES

,

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

DESCRIPTION.

Date of
bonds.

For explanations see notes on first page of tables.

Size or
par
value.

....

$229,000
175,000
182,000
1,500,000
572,500
329,500
100,000
201,000
615,000

....

....

„

_

„

„

71,000
66,000
1,994,000

-

026378811881
....

City bonds

«...

do
do
do
do

....

....

....

....

....

Fitchburg, Mass.—City bonus

1873
Water loan
1871
do
1875
&alveslon, Texas- Bonds for various purposes... 1 869 to ’75
Limited debt bonds (sinking fund 2
per cent). 1877-8-9
do
do
....

Galveston County bonds, G. C. A S.
Hartford, Conn.—Water bonds

City bonds (H. P. A F. RR )
Park bonds (4 of these bonds
Funded debt

F. RR

1882

1865-’78
....

are

for

$500 each)

«...

Water loan

Real and

$73,047,094

....

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

Various.
1875-’70
1876

185,000
271,000
250,000
226,500
155,000
500,000

....

1,000
1,000
1,000
500

.1,000

1,000
1,000
1,000

300,000
300,000

1,000

200.000

500

109,500
764,000
3,329,000
255,000
627,000
2,669,000
2,771,500
125,000

300,000

1,000

1,000

1,000
1,000

500 Ac.

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

500.000

837,400
162,550
150,000
400,000
73,000
900,000
400,000
6453000
1,353,000

Various
1,000Ac
1,000Ac
Various
....

....

....

•

1879
1880-T
....

1,000

609.000

....

385,000
786,000
25,000

....

....

1859 to ’64 5000AC.
1862 to’75 5000Ac.
1874
1,000
1873-’75
500 Ac.

do

Personalty.

100 Ac.

203,000

....

Funded debt

Years.

•

....

1,000

1878

Bonds...!
Lawrence, Mass.—Funded debt

400,000
300,000
100,000
348,300
510J00
3 19,600
417,000
977,000
500,000
30,000

100,000

187I-’74
1874
Water loan
do
1872
Railroad loan
do
($60,000 are J. A J.).
1873
Indianapolis— Bonds to railroads
1869 to ’70
Bonds to Un. RR. Tr. Stock Yard
1877
(mortgage).
Loan bonds, series A
1873
do
do
B
1874
do
do
C
1874
do
do
I)
1875
Purchase-money bonds—Southern Park
1874
Jersey City—Water loan bonds, mostly coupon 1852 to’67
Water loan bonds, mostly coupon
1869 to’73
do
do
do
1877
Forty-year bonds
1873
Improvement bonds
1871
do
do
1872 to’76
Morgan street dock
1870
Funded debt bonds
1872
Old Jersey City bonds, coupon
Various.
Hudson City bonds
Various.
Bergen school loan bonds
1869
Bergen street improvement bonds
1869
do
bounty loan

Bonds to pay maturing bonds, Ac
Kansas City, Mo.—Bonds

200,000

1,000
1,000
1,000

1,000

....

Ac., coup, or reg.

100,000

1863

floating debt
Holyoke, Mass.—City notes
City bonds, sinking fund

Temporary loan
Bonds to fund floating debt,

Tax per

1,000.

107,000

262,000
1,300,000

Total Bonded Debt
General.
Special.

$151520
$0,320,250
$1,589,000
1H o0
79,580,150
5,888,250
1,170,200
82,084,212
143o0
5,943,000
750,100
—Population, 100,140 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of
property, $5,104,240, which is
about 50 per cent of true value. Tax
rate, $5 per $100. Population in
1870, 12,035 ; in 1880. 22,400.
Detroit, Mich.—The population in 1870 was 79,577;
in 1880, 110.340;
in 1883, 130,000. The value of water works is
$3,082,708, against a

debt of $1,052,000. The water works bonds are issued on
a pledge of
the city credit, and $75,000 per year collected in taxes to
pav interest on
them.
Assessed valuation, in 1883-84—real

property, $78,982,170;
personal, $20,928,725; total, $105,910,925, which is made on the basis
of true value. Tax rate, $10 89
per $1,000.

Elisabeth. X. J.— Default was made in interest Feb. 1, 1879.
Suits on
bonds are pending. Total bonded and
floating debt Jan. 1, 1883, $5,052,212. Tlie proposition to issue bonds for 50
per cent of Hie face of the
debt was urged on bondholders, but was
rejected by them. See V. 35,
p. 602. Estimated true value of real and personal
property is much over
the assessed valuation of about $12,182,035 (see V.
32. p\ 012). Popu¬
lation in 1880, 28,229; in
1870,20,832. Assessed valuation, tax rate
per $1,000 and debt have been:
Years.
Realty A Personalty. Tax Rate.
Debt.
$10,250,805
2 08
$4,900,000
.

15,289,888
2\50
5,130,000
14,014,918
350
5,380.0(H)
J 1 2)30,031
2 12
5.100,000
312. 308, 420, 01*; V. 34. p. 32, 177, 342, 003 ; V.
V. 30, p. 510, 500, 590, 051 ; V. 37, p. 312.)

—V. 32, p. 231, 253,
35, p. 78, 431, 002 ;
Evansville, Did.—No floating debt. Population in 1870, 21,830; in
1880, 29,280.
Assessed valuation (true value), tax rate
per $1,000
and debt have been :
Yetirs.
Beni Estate.
Tax.
Personalty.
Debt.
$12.919.30u
t$5,232,015
$15 00
$1,051,000
1881-.
13.925.S25
5,379,940
12 50
1,051.000
1882
15.205.795
0.031,105
12 50
1,051,000
—(V. 30. p. 251, 127 ; V. 37, p. 231, 200.)




100,000
100,000

1879-’80

do

Revenue bonds, coupon or registered

105,000

300,000
1,000,000
1,250,000

....

1873

Assessment funding bonds

300,000

1.000
1,000

r

Capitol bonds

Hartford town debts to railroads 10-25
do
do
war

300,000

261,860
500,000
450,000
550,000

....

•

196,000
100,000

600,000

1,000
1,000
1,000

•

100,000

450,000

....

.

675,000
202/100
348,500
250,000

100,000
280,000
64,000

....

....

do
do
do

*

Large.
1000Ac.
1,000
1,000

....

Water loan

■

INTEREST.

Amount

outstanding.

Des Moines, Iowa—Renewed judgment bond
1875
$1,000
Funding bonds
1878
1,000
Coupon warrants and sewer and paving bonds
Detroit,Mien.—For Water W.Co., on city’s credit 1855 to ’80 1,000
Public Building stock (City Hall) bonds
1859 to ’71
Public sewer bonds ($35,000 are Os)
1872 to’76
Bonds for purchase Belle Isle
1879
Elizabeth, N. ^.—Improvement bonds
1871 to ’74
1,000
Funded debt bonds
1870 to’75
1,000
School House bonds
1872 to’73
1,000
Market House bonds
1865 to TG0
1,000
Consolidated improvement bonds
1S75-’7G
1,000
Funded assessment bonds..
Tax arrearage bonds
New compromise bonds
1882
Evansville, Indiana.—E. II. & N. RR. bonds
1868
1,000
City wharf bonds
;
1869
1,000
E. C. AP. RR. bonds
1870
1,000
do
do
1870
1,000
Water works bonds
1870
1.000
Redemption bonds
1876
1,000
do
do
1876
1,000
do
do
1877
1,000
do
do
1878
1,000
do
do
1881
1,000
Pall River, Mass.—City notes
-

[Vol. XXXVII,

cf

Rate.
7 A 4
7
5
4 to 7
7
6 A 7

When

payable
J.
J.

A J.
A J.

New

F. A A.

7
7
7
7

Various
Various

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

J.

do
do
do
do
do

M. A
&
A
A
A

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

1887
1883 to 1906
1883 to’91
1892 to ’97
1899
1879 to’81
1882 to ’95
1882 to ’93
1882 to ’86
1885 to ’96

City Treasury.

Various
A. A O.

6

July, 1892
July, 1888

do

do

6
F. A A.

Y., Farmers’ L. A Tr. Co.
do
do
do
do
do
do
do
do
do

37S) 4, 6 Various
5 A
5
5 A
4
5 A

York, Kountze Bros.
do

Various

7
7
7
7
7 3-10
7
7
6

due.

Various
Various N. Y., Metropolitan N. Bk.
Various
do
do
F. A A.
do
do

4

•7

Principal—When

Where payable and by
whom.

Maj 1,
May 1,
Dec. 1,
Dec. 1,
July 1,
April 1,
May 15,

do
do
do
do
do *
do
do
do
do

’

1898
1899
1890

1895

1895
1906
1906
June 1, 1907
April 15, 1908
Feb. 1, 1911
1883 to 1888
1S83 to 1891

City Treasury.

6

Various

g.

F. A A.
Boston, Revere Bank.
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1, 1895
do
do
Mav 1, 1895
do
do
1896-1898
do
do
Feb. 1, 1900-1909
M. A N.
do
do
Nov. 1, 1892-1906
F. A A.
do
do
Aug. 1, 1899-1905

6
.

.

6

....

6
6

.

i

do

.

■

-

Mav 1, 1908-1909

....

6
6
G
10
8
5
6
5 A 6
6
6
6
6

iu2
6
6
4 to 7
6
6
7
6
G

73
73
7-3
73
73
G
7
G
7
7
7
7
7
G A 7
7
7
7

7
7
5 Vi
0
5 A G
7
8

512
6
G

J.
J.

A J.
A J.
J. A J.
Various
M. A S.
J. & I).
T. A J.
Various
J. A J.
F. A A.
J. A J
J. & J.
J. A J.
J. A J.
J. A J.

Boston, Merchants’ Bank
do
do

do
do

Galveston.

July 1, 1893
July 1, 1891
July 1, 1905-1906
1883 to ’91

do

New York

or

Galveston.

1920
1902

N.Y., Amer.Exeh. Bk.&Gal.

Various
A. A O.
J. A J.
A. A O
Jan.
J. A J.
J. A J.

*

1893-1909

City Treasury.

1890-1906
June 1, 1891

Suffolk Bank, Boston.

Merchants’'Bank, Boston
City Treasury.

Aug. 1,1884
Jan. 1, 1893
Jan. 1, 1897
1894-1900

do

Town Treasurer.
do
do

,

City Treasury.

1883 to 1889
Oct. 1, 1889
Jan. 1, 1900

do
do
do

City Treasury.
N. Y., Winslow, L. A Co.
do
do
do
do
do

$10,000 yearly
Jan., 1900

Jan.AApr.l, 1894
Jan. 1, 1889 to’90
Jun. 1, 1897

do
July 1, 1893
do
J uly 1, 1893
do
July 1, 1894
do
July 1, 1895
do
Jan. 1, 1899
Y., March. Ex. N. Bank. Jan., 1889 to 1909
do
do
1899 to 1913
do
do
July 1, 1907
do
do
July 1, 1913
do
do
May, 1891
do
do
1886 to 1906
do
do
June 8, 1900
do
do
May 1, 1897
do
do
1882-’90
Various
do
do
’8i-’85-’89A1900
,r. a j.
do
do
Jan., ’98 to 1900
J. A J.
do
do
July, 1889
Various
do
do
1884 A 1889
Various N. Y., Merck. Ex. Nat. B’k.
1905-1906
J. A D.
do
do
June i, 1886
J. A J.
J. A J.
J. A J.
J. A J.
J. A J. N.
Various
J. A J.
J. A J.
M. A N.
Various
J. AM.
M. A N.
Various

Demand,

F. A A. N. Y., Merck. Ex. Nat, B’k.
Feb. 1, 1909
Various
do
do
1910-1911
New York, Kountze Bros.
1890 A ’97-1901 *
do
do
1880 to ’97
Various
Boston, Trcmout Bank.
1884
Various
do
do
1885 to 1892
J. A J.
do
do
July I. 1894
A. A O.
do
do
Oct. 1, ’90, to 1906

Fall River, Mass.—The sinking funds amounted to
$511,099 Jan. 1,
1883.
Total debt, including water debt,
$3,455,800.
Population,
48.901 in 1880; 26,766 in 1870.

Fitchburg. Mass.—Sinking fund, Jan. 1, 1883, $114,506. Population
12,270 in 188 »; 11.200 m 1870. Valuation, tax rate
per $1,000, Ac.:
Years.
Real Estate. Pers'i Prop’ty. Tax.
Debt.
Sink’gFd.,&c.
$<5,993,700
$2,530,104
18 00
$873,523
$182,284
1882
7.4x4.025
2,028 911"
19 00
831,023
158,449
7,672,055
16 40
2,719,979
114,506

—The assessed valuation of real estate is about the cash value.
Galveston, Texas.—Assessed value of real and personal
property,
1881-82. $17,625,862.
Tax rate, $1 50 on $100; 1882-83, tax rate 1310.
In April, 1882, the Galveston County 10
per cent bonds were called in
and 0 per cents issued instead.
Population in 1870, 13,812; in 1880,

22.248: 1882, estimated, 32,000.

Hartford, Conn.—Total city debt, April, 1883, $4,360,000; net, after
deducting resources, $2,079,250; net town debts, $1,249,510. Assessed
valuation in 1882, $17,660,S68.
Sinking fund Jan. 1, 1883, $120,182.
Population, 42,553 in 1880; 37,743 in 1870.
Holyoke, Mass.—Bonds all coupon, but can be registered.
Total net
debt, $817,318. Valuation, 1882, $13,374,055; tax rate, $15 40.
Popu¬

lation, 21,915 in 1880; 10,733 in 1870.
Indianapolis:—The School Board is a distinct organization and levies
its own tax ($2 20 l'or 1882), which is included in tax rates. There
area few other small issues
amounting to $50,000. Valuation and tax
per $1,000 have been :
Years.
1879
1 s80

Real Estate.

Person :d tv.

Total.

$38,280,235

$9,813.,705

39.100,250

$48,099,9 10

10,930 .021
12.837,,492

50,030,271
51,901,217

Tax.

$9-30

1070
39,003.725
10-70
39,315.725
13,296,,870
11-20
52,612,595
—Population, 75,056 in 1880; 48.244 in 1870.
Jersey City.—One of the plain causes of embarrassment in Jersey City
is found in the failure to collect hack assessments and in the.immense
value of railroad property exempt from taxation. The
Comptroller, in
Dee.. 1882, made tin* following statement'in his
report:
Tot. taxes overdue Dee. 1/82less deduct’nsdue State and Co.
$3,286,002
Total assessments due and unpaid
-•
2,954,368
Ol these, $5,855,413 was estimated to be collectible.
1881

1882

CITY

1883.]

October,

Subscribers will confer a

11

SECURITIES

great favor by giving Immediate notice of any error

discovered in these Tables.

INTEREST.

Date of
Bonds.

DESCRIPTION.

iirst page of tables
Me .— City bonds ($55,000 each year)
($30,000 due 1885, $185,000 1001)

For explanations

Lewiston,

see notes on

....

Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
do

2138

Elizabeth & P. Railroad
Wharf property
Jail bonds
For old liabilities
do

Louisville, New Albany A St. L. Air Line RR.
Road bed, Louisv., Cin. A Lex. RR
City bonds payable? by Louisv. & Nash. RR...
Old liabilities (half are 10-40 and half 20-40).
Lowell, Mass.—City notes (various purposes) . .

Bridge notes
Bridge bonds
Sewer bonds
Water notes
Water bonds

Lynn, Mass.—Water notes
Water bonds
Funded debt

City Hall and School House
Manchester, N. II.—City bonds

«...

-

413

1,281,000
198,000
500,000
600,000
(550,000
123,000
81.000

423,000
1,863,000
255,000

133,000
73,000
513,000
485,000

350,000
1,408,000

1,000,000
524,300
200,000
120,000
375,000
575,000

1,300,000
121,500
881,000

672,000
305,000

85,000

-

80,000

70,000

•

do

1874
1872
1881
1867 to’68
1867, ’8, *9
1870

Water bonds ($100,000 each year)
do
do
do
Post bonds

Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon (Flipped)

compromise bonds

Milwaukee, iris.—Re-adjustment bonds
General city bonds
do
do

;

Bridge bonds
Water bonds, coupon
do
registered

200,000
400,000

100 Ac.
100 Ac.
100 Ac.
500 Ac.

60,000

1 1,300,000

1,000

1857

1,000

1877
1883
18(51
1871
1876
1882
1872
1872

1,000
1.000
500 Ac.

1,000
1,000
1,000
1.000

10,000

34 1.000
60,000
300,000
900,000

do
do
do
do
do
do

95,000
100,000
409,000
1,115,000

250,000
35,000
621,000

.-

.

.

360,000

.

40,000
22,000

,

1

Mobile^-Funding bonds

Nashville. Tenn—Various city bonds
Newark—War bds.,lloat’g debt, Ac. (s.fd. of ’04)
Public school bonds
Clinton Hill bonds, coup. & reg. (s. fd. 3 p.e.).
Corporate bonds, coup, or reg.(act Apr. 21,’70)
Sewer and improvement

bonds (local liens).

.

Aqueduct Board bonds

Tax arrearage bonds
do
do
do
do
New Bedford, Mass.—Bridge

and city bonds

City improvement

1876
18 72-’74
18,61.

*>.

payable yearly)

City bonds (10-20 bonds)

New Orleans— Consolidated debt
Railroad debt
Waterworks loan of 1809
Seven per cent funding loan of
Seven per cent funding loan of
Jefferson City (debt assumed)

1809
1870

45(5,000
500
100 Ac.
1,000

1871
1 8(57
1 -'77.

1852
1854-55
1869
18(59
1870
’57, ’67,’7<►

$54,122,875
54,(519,5(55
5(5,125,552
5(5,304,772

Estimated tax rate in 1883-st, $32*80 per

$5,3 13,815
4,78(5,03 7
5.04 0.300
5,203,325

$1,000.

500,000

1,000

170,000

1,000

137,000

2,450,000
3,240,000
1,331,000

35,000
223,000

4 *•>

7
5

5
6
(5

5
5

1,000
1.000

22 1 .OOO

6
5
7
7

] ,ooo
1 ,ooo

82.400
567.750
375,7.50
85.500

$28
29
29
29

OO
*0
00
10

City. Mo. —In 1876 assessed valuation was $8,023,190, and taxlevy 23 mills; in 1882, assessed valuation, $24,31(5,020, and tax rate
173e mills.

Mass.—Total debt, $1,7(54.000.
Sinking fund, $170,553.
1882, $2(5,260,506; tax rate, $16 60.
l\>pulation,

Tax valuation,

39,151 in 1880; 28,921 in 1870.
•
•
,
.
Lewiston,Me.—Total net debt, April 1,1SS3, $92(5,436; sinking fund,
$143,564. The railroad bonds were issued to build the. Lewiston A Auburn
RR., which is owned by thecities of those names. Valuation in 1883,
$10,679,926; tax rate, 2*2 per ct. Population, 19,076 in 1880; 13,(500
in 1870.

Louisville.—The funded debt, Jan. 1, 1883, exelusive of loans payable
by railroads, was $8,342,000, against $8,759,000 Jan. 1, 1882. Tin* sink¬
ing funds on Jan, 1, 1883, amounted to $1.2)9.830. Population by
census of 1870 was 100.753, against 123,758 in
1880. The following
figures give the assessed property valuation: 1877, $68,522,947; 1878,
$63,194,487; 1879, $64,018,242; 1 $80, $66,209,440; 1881, $(58,753,7 70;,
1882, $70,029,724, of which $52,2(59,084 was reality. Tax rate in 1882,
on real estate, $2 35.
(V. 36, p. 590.)
Lowell, Mass.—All the notes held by savings banks. Water loan sink¬
ing fund Get. 1,! 1883, $387,259; other sinking funds, $1(55,6 67. Cop¬
ulation, 59,4.75 in 1880; 40.928 in 1870. Assessed valuations in t"-3
Were: Real estate, about $35,057,275 ; personal property. $14,895,520;
tax rate, $15 20; in 1882, valuation $10,414,412; tax rate, $15 <50
Lynn. Mass.—'Total debt, Dec.. 1862. $3,175.50:); sink. fMs.,$333,032.
Population, 23,233 in 1870; about 42.000 in 1 ss*2.
Manchester. X. II.—There are also $16,000 os due. before 1885. Total
debt Jan. 1, 1883, $927,500. Assessed valuations aboi.>ut„70j.>er cent of
true value), tax rate per $1,000, Ac, have been:




7
6
5

2(5,000
] 00.000
400,000
190,000
50,000
499,000
80,000
1 50,000
4.300.000

Kansas

Lawrence.

10
8

6
6 A 7
7
7
5 A 6
7
7

1,219,000

The total debt of the city January. iss:>, was $17,3(55.4 50; sinking
Population in 1880. 120,722, against. 82,51(5 in
funds, $1,380,805.
1870. Taxable valuations and tax rate per $1,000 have been :
Real Estate.
Tax Rate.
Years.
Personal Prop.

1S80

5
7
7
4
7
7
8

1,417,400

100,000

City Treasury and Boston.
do
do

....

do
do

J.
J.

A J.
A J.

3-1

4*o

1,200,000

10,000
1,000
1,00()
1,000
1,000
1 ,ooo
1,000

6
7
6

3 to 5

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

A D.
A J.

1888

July 1,18S5&1901
1894 A1899
July 1, ’93-1913

|

2,221.500

1,000

Whom.

Payable
J.
J.

Due.

Payable and by

A J.
A. A O.

5
6

290,000

1,000

1,000
1875
1878-’80
1871-’79
18 76-’80
1881
1 s.62
K00 •—i
1875

'.

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

1881-’82
1883
1881
1870 to’81

Where

-

Get. 1,’’97-1907-’l7
1887. ’89, 97
N. Y., Bank of America.
Various
Louisville.
1886,’ 96. ’97
6
Various
1923
New York City.
4
J. A J.
J. A J.
N. Y.. Bank of America.
7
July 1, 1903
do
do
Various
1891, ’92 A 1903
7
1884 to’89
6
Various New York, U. S. Nat. Bank.
J. A J. Louisville, City Treasurer.
July, 189S
(5
June. 1901
N. Y., Bank of America.
J. A 1).
7
1888 A 1903
do
do
Various
7
1883 to 1898
6
Various Louisville and New York.
Oct. 1, 1898
do
do
A. A O.
6
1889
do
do
J. A I).
(5
1894 A 1901
do
do
Various
7
N. Y., Bank of America.
M. A 8.
Sept.. 1891
7
do
do
J. A J.
7
July, 1901 A 1903
1S86 to’93
6
Various New York and Louisville.
May 1, 1920
N. Y., Bank of America.
M. A N.
5
1883 t» 1894
Various
4 to 7
City Treasury.
1891 and 1892
Boston.
M. A N
4
1892
do
4
M. A N.
1884 to 1903
do
Various
4
1886 to 1911
6 to 6*2 Various
City Treasury.
1890
Boston.
M. A N.
(5
1885 to 1890
6
Various
City Treasury.
1891 to 1905
Boston, Bank Republic.
3*2,4,5, 6 J. A J.
1884 to 1896
do
do
55, 5*2, 6 Various
1886 to 1890
Various City Treas’ry A Bk. Repub.
3-8.6
1883-1894
J. A J.
6
City Treasury.
do
April 1, 1884-’85
A. A O.
6
Suffolk Bank, Boston.
May 1, 1893
M. A N.
6
do
do
6
J. A J.
July 1.1890 &’95
1887-’92-’97-1902
J. A J.
6
City' Treasury.
July 1, 1911
do
4
J. A J.
1873 to 1902
J. A J.
6
Memphis.
1873 to 1900
Nov., 1900
6 g.
M. A N.

230,000

City bonds

When

J.

4

(0
265,000

1,000

Minneajwlis, Minn.—City bonds

•

•

131.000
200,000

___

Bridge bonds
Memphis, Tenn.—School and paving bonds

•

•

6
6-

■

City bonds

Cate.

$50,000
215,000
474,000

1.000
1857 to ’(57
1.000
18(5(5 t o ’67
500 Ac.
1883
1873
1,000
1871 to’73
1,000
1.000
1853 to’69
1868
1,000
1871
1.000
1868 A ’73
1,000
1,000
’54,’62,3, 8
1869
1,000
1,000
1871 to’74
18(58
1,000
1871
1,000
1871 to’73
1,000
1851 to’63
1,000
1,000
1880
1862 to’82 Large.
1882
Large.
1.000
1882
1,000
1882 A ’83
Large.
1871 to ’81
1870
1,000
187()-’3-’5 Large.
Various
1,000
500 Ac.
Various
Various
1,000

improvement of streets
improvement of streets ($1,500,000)

New

....

500 Ac.
.....

Louisville, Ey.—Water works

do

outstanding.

$....
1SS3

Principal—Wlien

Amount

or

par
Value.

....

do
Bonds
New bonds
Water bonds
For
For

Size

(5

4
7
6
5
6

q

Charleston, S. C.

July, 1872

Citv Treasury.
New York.

1907
1913
June 1,1891
Jan. 3,1901
June 1,1896

J. A I>. Mil.A N.Y., Morton P>. A Co.
do
do
J. A ,T.
do
do
J. A D.
do
do
July 1, 1902
J. A J.
Jan. 1, 1902
do
do
J. A J.
Jan. 1, 1902
do
do
J. A J.
Dec. 2, 1892
J. A D. New York, Nat. Park Bank.
1883-1885
do
do
Various
1885-1905
do
do
Various
1896-1902
do
do
Various
1899
do
do
Various
1893
do
do
Various
1906-1912
do
do
Various
do
do
J. A J.
July 2, 1913
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1882 to ’99
Various New York and Nashville;1884 to’96
Various
Newark, City Treasury.
do
do
A. A O.
April. 1888, to’ 92
July 1, 1895
J. A J. Newark, Nat. State Bank.
1908 A 1910
do
do
Various
188(5, ’93 A 1909
do
do
M. A 8.
1879 A 1892
do
do
Various
1886-’90
do
do
F. A A.
1891
do
do
F. A A
1892
dO
do
F. A A.
1884 to 1890
A. A O.
City Treasury.
1891 to 1910
do
A. A O.
1884
A. A O.
1900 to 1904
A. A O.
1885 to 1909
A. A O.
1884 to 1909
A. A O.
3 887 to 1891
Citv Treasury.'
A. A O.
Oct. 1, ’91A1901
A. A O.
City Treasury.
Oct. 1, ’82 to ’86
do
A. A O.
July 2, 1887-’97
do
.1. A ,1.
July 1. 1892
New Orleans.
J. A J.
1874-5 A 1894
do
Various
Jan.
do
1, 1899
J. A J.
March 1, 1894
do
M. A 8.
June 1, 1895
do
J. A I>
1887 to 1897
do
Various
.

.

“

Total Debt. Sink.Fds.Ac
$7,385,410
$17(50
$1,004,412
$38,860
994,651
3,790,(Hi
16 20
47,623
Copulation, .32.(530 in 1880; 23,536 in 1870.
Memphis. Tenn.—The city has been in default for interest since .Tan,
1,1873. The Legislature 'passed a bill, January, 1879, repealing the
city’s charter, ami the. “ Taxing District of Shelby County” was organ¬
ize'.!.
A receiver for the city was appointed, but 1J. S. Supreme Court
held such act inn void.
The compromise bonds of 1877 were, issued at
50 rents on the dollar.
I’nder the art of March 3, 1883, new com¬
promise bonds are issued, bearing 3 percent t ill January, 1884, then 4.
per rent till 1 8s7. and 6 per emit thereafter.
(See details, V. 37, p. 202.)
In 1-81 total valuations.' $15,112,411; tax rate,$160 on the $100.
Copulation in 1870, 4.0,226; in i860, $33,592. (V. 36, p. 221, 366, 731;

Years. Real Estate..
1881 ..$10,557,892
1-82. 15.379,32 1

Person’l Prop. Tax Rate.

—

V. 37, p.

202.)

Milwaukee, Wis.—The "city .cannot-*
average assessed value for live years.

issue debt beyond 5 per cent of its

Sink. fd. .Tan., 1833, $150,000. In

$62,271,935. Sinking funds are provided for all the
bonds. There is also about $47,000 scrip issued to settle old railroad
bonds.
Population, 71,440 in 1870; in 1883 (estimated), 130,000.
Minneapolis, Minn.—Total debt, $1,534,000; tax valuation, 1882,
about $K»,655,112; tax rate. 11»710 mills; bonds all coupon. Population,
16,887 in 1880; 13,066 in 1870.
Mobile— Interestwas in default, from July, 1873.
A settlement with
bondholders was offered by act of March 9,1875. In Feb., 1879, the
Legislature repealed the charter of the city.
In Oct., 1880, bondholders
offered to take new 25-year bunds, bearing 3 per cent for 5 years, 4 per
cent for 15 years, and 5 percent for 5 years.
In Dec., 1882, the un*
luuded del)? was estimated at $188,555. .Valuation of real and per¬
sonal property in Hsi*. $15,563,130; tax rate, $6 per $1,000. Popular
turn, 31.297 in 1880; 32,034 in 1870.
Sashriile, />•/</<.—Assessed valuation of all property in 1881 was $12,1 79.450 real property and $3,°7<M25 personal; tax rate, $20per $1,000.
Population, 43,350 in I860; 25,365 in 1870.
Xcwnrl:.—T\w bonds in the first line m the table are payable out of the
sinking fund of 1864, which amounted Dee. 31, 1882, to $1,606,751 ;
public school bond - out o< public sell ol fund. $394 3(58; Clinton Hill
bonds by sinking fund, $132,230; tax [arrearage, $735,55(5; corporate
1882 valuation was

12

CITY

Subscribers will confer

a

i

Date of
Bonds.

!
on

Size

Ten per cent bonds, deficit and old claim.
New premium bonds (in
exchange)
Park bonds
Ten-year bonds to fund coupons...

|

1871

$1,000

j

1872
1871

1,000

$19,950
140,000

Various

....

1883

1,000

187029.

(cons.,:

City Lunatic Asylum stock
City parks improvement fund

stock
ex.

Consolidated stock, county, coup.,
do

city,

do

do

dock bonds

do

do
do
do
do
do
do
do
do
do

for

reg.j

citypks. impr. fd. st’k, do
red. aft.

11875-70-80

1,000

1S09-’70
1809-’70
1879 to ’83
1879
1868 to’83
1872 to ’77
1847 to’52
1871 to ’83
1871 to’81
I860
1857 to ’59
1856 to’58
1857 to’60
1865 to’71
1879
1869
1869 to ’78
1876 to’80
1874
1869 to ’70
1871 to ’SO
A ’72
1871 A
’72
L871
1871 A ’72
1871
1872
1878

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

11)08,cp.,ex.for i*£
city, coup., exeli. for reg. 1874-’75
‘•ity, (A)
1872 to’74
county (A & B)
1874
city (B A C)
1874
city (D E A F)
I 1870-’77

city (U K L ct M)

1877 to’83
1880
1879
11870 to’S3
11870 to’73

city

Fire Department stock
Improvement bonds

1869-’70

1879
1867 to’69
11873 to ’8 i
1879 to *83
1874
1865 A ’66
1 869 to '75
1876
Br’ge< do .$.100000 r.af.’9G,$l 1211)00 uf.lOOO 1876 to ’80
b'ds. ( do $750000r. af. 1000.
(?) after..1005 1880 to’83
Ninth District Courthouse bonds
1871
Normal school fund stock
1871 A ’72
N.Y. (V*. Court.housest’ek. Nos.
1, 2, 0, 1 A 5. 1862 to ’82
New York County repairs to
buildings stock. !
1870
N. Y. and Westchester Co.
improvement bonds |
1871
1871 to ’71
1874 A: ’75
Street improvement bonds
1869 A ’70
Soldiers’ bounty fund bonds
1864
do
do
No. 3
1865
Soldiers’ bounty fund red. bonds. No. 2
1865
Tax relief bonds. No; 2. coup, exeli. for
1870
reg.
Third District Court-house bonds
'1871 to *77
1874
Water stock of 1870
1872
Debt of annexed terrify of Westchester Co
Norfolk, I
Registered stock
Coupon bonds ($20,000 Os arc J. A J.)
1870-’74
Coupon bonds of 18^1 (exempt)
1881
Trust and paving, coup

Market stock
Museums of Art and Natural
History stock...
N.Y.City bds. for const of bridge ov. Harlem R,
N.Y.City lids, for State sinking fund deficiency
New Aqueduct stock
N. Y. Bridge bonds
N.Y. f Consol, stock, redeem, after ’90

1,393,400

Norwich, Conn.—City bonds

works,).

Water loan ($50,000 1890,
$250,000,1898)...
Court House
Sinking fund bonds
Funding i <)-:>0s
Paterson, X. J.—School bonds

1

500
100
100

1875
,

i

1,000

■

500
500

I

14.138.900

1,081.000
1,021,000

_

and total floating debt,
and prior years, payable

15, Julv 31, and

was

$15,*815,000

:

$2,601,000. The uncollected taxes dor 1878
in scrip, were $1,336,918, and for
1879-82,
Payable in cash, $903,uOO. Population hi 1870.
191,418; in 1880,
216,090. (V. 3 1, p. 292 ; V. 35, p, 50, 653,
706, 763.)
Newton, Mass. Sinking funds, January 1, 1583,
$172,695, Tax valu¬




Jan.

1,

1923

Various
•

•

.

.

.

2-

ation, 1881, $29,607,999; rate in 1881, $14 09
per $1,000.
Valuation
$29,409,328; tax rate, $1,420. Population, 16,991 in 1830;
12,825 in 1870.

in 1882,
New

York

Cili/.— The total debt of New York. Jan’y 1, 1333. was
amount of sinking funds, $31,332.383. The follow¬

$130,474,337; the

ing statement shows the details of funded debt and the
amount in the

city sinking fund at the dates named
Description.
Jan. 1. 1831.
Total funded debt

:

$133,535,019

Sinking fund

32,993,024

Net funded debt...
Revenue bonds

101.100
lot. 100

13.974,587
17 50
New JIaven,
Conn.—Municipal bond fund, $37,011. The city made a
special loan of $75,000 to the New Haven A
Derby Railroad, and guar¬
anteed $225,000 of its second
mortgage bonds, 'Population in 1870,
50,840; in 1880, 62.882. Assessed valuations (about 80
per cent of true
value), tax rate, Ac., have been :
Personal
Rate of Tax
Total
Sinking
Years. Real Estate.
Property.
Debt.
per $1,000.
Funds, Ac.
1879.. $34,922,157
12,130,874
9
mills.
$874,000 $156,450
1880..
34.797,509
13,097,158
9
854,000
176.392
1881..
32,966,440
13,639,376
10
“
774,000
169.214
New Orleans.—A decision of Louisiana
Supreme Court, Dec., 1878
held invabd the special tax
provisions for consolidated bonds, imt on
appeal to U. S. Supreme Court this was reversed
April. 1882. In June.
1882, a law was passed to issue new 6 percent
40-year bonds for all
old bonds other than
premiums, redeemable after 1895. The assessed
valuation of property, real and personal, for 1882 is about
$103,177,219.
A scheme for settling the debt
by a bond premium drawing plan is in

8ractice,
etftber 15.
and On
drawings
place
January
31, debt
April
Jum*. 30,take
1883,
the total
bonded

April 1, 1881

New Orleans.
do

~

street, improvement and
sewerage, $51,15 1, and
$1,109,952. The Aqueduct bonds are not a direct lia¬
bility of the City of Newark. Real and personal
property have been
assessed at near the true value as follows :
1881, real esta’te, $00,278,825; personal, $18,o7 1.770; tax rate, $2 10; 1882, real
estate, $07,463,555; personal, $17,989,370; tax rate, $2 4 1.
Population in 1870,
105,059, against 130,508 in 1880. (V. 31, p. 189.)
New Bedford, Mass.— Population,
20,815 in 1880; 21,320 in 1870
Assessed valuations (true value), rate of tax,
Ac., have been :
Personal
Rate of Tax Total Debt,
Trust
Years.
Real Estate.
Property,
per $1,000. *>. Bomb
Funds.
$12,898,300 $12,874,413
$10 40
$1,123,000 $101,100
13.138,400
13,137,519
15 70
1,059,000
101,100
18 00

July 1, 1922

.

1SS3

1859-’73
1862-71

1, 1911

Aug.

'

1.000

1878-

A J.
A J.

!

100

1,000

J.
J.

........

500
500
500
500
100
100
100
100
500
500
500

’68,’78,’SO

A. A O.

r-

.

50 >

100
100
1.000

New Orleans.
New York or Loudon.
New Orleans.

Q.-J.

—

500

1871
1877

F. A A.

....

bends, $147,713:

13,009,922

due.

whom.

City Treasury.
1883 to 1895
J
(te J Boston, CouiLu’nwealtli Bk
July 1, 1905-’10
M. A N.
Nov. 1,1884 to’88
7
M. A N.
6,000,000
Nov.1,1884 to ’83
4 A 5
M. A N.
Nov 1 1884 to ’87
5
700,000
M. A N.
Nor. 1~ 1884
14,5, 6 A 7 M. A N.
%
1887, 190.3A1910
1,331,300
o
5, 6 A 7 M. A N.
Aug. 1, 1900
5 A 6
321,400
Q.-F.
Feb. 1,1890
M.
A N.
{4, 5,6 A 7
Nov.1,1891 A ’99
5,196,000 4, 5,6 A 7 M. A N.
Nov. 1.1900-1906
6
s A
20,000
Q.-F.
Aug. 1, 1907
6
3,066,071
Q.-F.
Nov. 1, 1887
QC
674,300
5 A 6
Q.-F.
July 1, 1898
6
2,083,200
Q.-F.
b o1
Aug. 1. 1887
1,766,600
6
Q.-F.
June 1,1895
5
333,000
M. A N.
,S a
Nov. 1, 1884
7
75,000
M. A N.
GO
Aug. 1, 1888
7,977,515 5. 6 A 7 M. A N.
Nov. 1,1889 A ’92
5 A 6
701,419
M. A N.
ac 72
1900 A 1926
6 g. M. A N.
820,000
Nov. 1. 1896
6 A 7
700,000
M. A N.
o 2
Aug, 1, 1889
4,799,000 5, 6, A 7 M. A N.
1901-1904
p o
6 g. J. A J.
8,885.500
July
1, 1901
6
J.
A
J.
4,252,500
g.
C
July 1, 1901
CC 02
6 g. J. A J.
1,000.000
July 1, 1;>01
862.000
6 g. 'J. A J.
c %
Jan. 1, 1902
5 g. M. A N.
6,900,000
ft «
Nov. 1, 1928
6 g. M. A N.
1,564,000
Nov. 1, 1896
6 A 7
2 4^
M. A N.
2,455,000
Nov. 1. 1894
C5
1,630.200
7
J. A D.
r > -n
Dec. 1. 1896
6,324,700
7
J. A D. r
Dee. 1. 1896
5 A 6
1,858,349
M. A N.
Mav 1. 1916 A’26
4 A 5
M. A N. i
Nov. 1,’89,’97,’99
4
M. A N.!
2,300,000
Nov. 1, 1910
5
M. A N.
1,210,000
Nov. 1. 1884
4, 5, 6A7 M. A N.
Nov. 1,1901-1914
6
597,586
M. A N.!
O d
Nov. 1, 1884
521,953
6
M. A N i
* 5
Nov. 1, 1399
501 >,000
5 '
M. A N. i
Nov. 1. 1384
6
A
7
M.
296,000
A N
2
Mav 1. 1891 A’97
C
958,000 4. 5 A 6 M. A N.,
f
Mav 1, 1903
‘
4 A 5
M. A N.
Nov. 1. 1 891
M. A N
1,169,818
7
S’ c
Mav 1,138 4-’33
2 —3
100.000
6
Q.-F.
Aug. 1. 1834
t>
M. A N.‘
1,500,000
Nov. 1. 1905
6
M. A N.
500,000
Mav 1, 1926
5
1,921,900
Q.-F.
May 1. 1926
1 A 5
M. A N.
May 1. 1928
300,000
7
M. A N.i
rt ®
Nov. 1, 1890
6
M. A N.
Gi Xl
200,000
Nov. 1, 1891
2,153.100 4,5,6 A 7 M. A N.
Nov. 1, 1331-93
100,000
6
M. A N.,
Nov. 1. 1884-’38
30,000
6
M. an:
Dec. 1. 1891
636,000
6
M. A N.
Nov. 1. 1891
6
104,000
M. A N.
Nov. 1.1885 A*8G
6
606,900
M. A N.i
CD
Nov. 1, 1883
6
>1. A N.
3,500,000
!
Nov.
1. 188 L-*90
7
M. A N.i
745,800
«
Nov. 1, 1895-*97
376.600
7
M. A N !
2
Nov. 1. 1 S;)p
7
51. A X.
3,000.000
Nov. 1. 1890
5 A 6
393,000
M. A N.i
Nov. 1. 1 s90
475,000
6 A i
M. A N.JNov. 1, 1902
837.500
7
Various
1381 to 2147
6
J. A J.i Norfolk, Treasurer’s
478,164
Ollice. !
1883 to’85
6
500,600
J. A J.
do
do
’90-’94-’99,1900
320,000
5
A. A O.
do
do
April 1. 1911
8
A. A O.j
290,3()()
do
do
Apl.,’92; July, ’93
500.000
8
M. A N. New York, Park N. Bank.
May, 1901
160,000
5
A. A O.i
Norwich.
April 1, 1907
300.00.0
Various1:
do
1898,1908 A1910
16 1,000 j
/
J. A J.i
do
Jan. 1, 1905
5
50,000
A. A O.i,
do
April 1. 1908
4
125,000
1913
7
92,500
I. A 1).
City' TTall, by Treasurer.
Dec.,
1383-1904
1 10,000
7
r. a d.
do
do
Dec., 1883-1900
41: ,000
5, 6, 7
do
Various!
do
1883-1902
7
r. a D.i
353,000
do
do
Dec., 1879-1900
6
100,000 I
r. a D.;
do
do
June, 1887
1 10,000 1
6
| Variou x
do
do
1901-1905

assessments.

13.505,400

payable

•

,

Renewal bonds,* *1>” and •C’

Principal—When

Where payable and by

•

1S69-’*U i
500
1863-’65
500
1877
100 Ac
1877-’78
500

War bounty bonds.
Funding bonds, “A”

When

W

100
100
500
500
500

1872-’73

on water

363,953 5, 6 A
934,750
4, 5, 6
7
6,500,000

500
100

..

Coupon bds, waier (a mold,

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

7*3
7 g.
10
5
6
0

193,250
8,3 13,000
120,0«i0

11864 to’75 1,000Ac

uo

Rate.

.

'

City Cemetery stock
City improvement stock,

discovered in these Tables.

INTEREST.

outstanding

Value.

j

New York—Accumulated debt
bonds, city
Accumulated debt bonds, county
Assessment bonds
Assessment fund bonds
Assessment fund stock
Additional new Croton Aqueduct stock
Croton water stock
Croton water stock, additional
Croton water main stock
Croton Reservoir bonds
Central Park fund stock
do
do
Central Park improvement fund stock
do
do

error

Amount

or

par

first page of tables, j

j

do

[VOL. XXXVII

great favor by giving immediate notice of any

DESCRIPTION.
For explanations see notes

SECURITIES

$100,541,995
5,524,245

Jan. 1,1332.

Jan. 1. 1833.

$134,400,507
36,110,301

$130,474,337
34,332,388

$98,290,206
4,328,095

$90,141,948
4,240,534

Total debt
$106,066,240
$102,618,301
$100,383,482
The, population of New York,
by the United States census, in 1870 was
942,292, and 1,200,299 in 1880. Since Jan. 1, 1865, the
valuation, rate
!

V-Rate

'

Real
Years
1 865.

1871.
1872.
1873.
I371t
1875.
1876.
1 W77

1878.
1879.
1880.

1881.
1882.

Estate.

$127,360,834
769,302,250
797,148,065
836,693,380
881,547,995
883,643,515
892,428,165
895,963,933

900,855,700
918,13 1,380
912,571,690

976,735,199
1,' >35,203,000

133 5. .....1, >79.130,009
*

Personal
Estate.

$181,423,471
306,947,233
306,949,422

292,597,643
272,481,181
217,300,154
218,626.178
206,028,160
197,532,075
175,934,955

201,191,037
209,212.899
193,272.582

197,546,195

Tax p.

$1,000-,
State. Citv.
$1 96 $24 91
4
5
5
6
7
6
3
3
3
3
3

43
20
33

17 27

23
19
21
22
21

65

27
51
78
56
4 3
12
60

81
67
35
13
49

22 72

21 94
22 37
22 13
*22 60
qo 50
'

,

-

-

*

Net Debt.*
-Dec. 31.

$35,973,597
88.369,386
95,467,154
107,023,471
114,979,970
116.773.721
119.811,310
117,700,742

113.41S.403
109,425,414
106,066,240

102,618,301
100,388,483

.

Less sink ng funds.
t Annexed towns included.
T e
reduct am between the amount of taxation in the
years 1874 and
1830 was ab >ut $3,400,000=.
There was, however, no substantial reduc¬
tion in the expense of
administering the City Government as reduo-

October,

Subscribers will confer a

19

SECURITIES

CITY

1883.J

immediate notice of any error discovered in tliese Tables.

great favor by giving

INTEREST.

par

explanations soe notes on

for water works
for bridges
for park and Centennial
for war and bounty purposes

do
do
do
do
do

1859 to’70

to’70
1868
1862 to 65
1860 to ’70

municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per

1879

cent loan (“A” to “ Y”)

Rate.

$ 4,054,566

5 AG

1,725,000
6,500,000
4.853.500
8.701.600 :
11,650,000
15,037,425 i

50 Ac
25 Ac

5,999.400

6

8,084,485

4

4

j

-

Water loan—'.
dO

|

1878

83971

’68,’69,’70

1867 to’69

1874

1876

1875

Springfield RR. bonds, guaranteed...
Brook Street District certificates

1879
1872
1877

1879

do
loan of 1879
Public improvement loan, registered

Prow A

do

do

Consol loan

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

'

do

44}

1,000
1,000
1,000

500,000
280,000
280,000

5
7

50
100
100
100

1869
1871
1872

100,000
401.700
174,000

Ac.

Ac.
Ac.
Ac.

111.500

124.300

3’65 A
(0
6
1,688,000

60,000
1 27,000
346,000

1,108,000
611,000
700,000

1,000

1873
1875
1874-’79

1,000
1,000
1,000

681,000
1,074,000

St. Josep/i, Mo.—Bonds to St. Jo. A Den
Bonds P Missouri Valley Railroad
Bonds ft r various purposes

cent)

1,000
1,000
1.000

1875
1875

1,000
1,000

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

600,000
850,000

1,900,000

!

929,800
431,000
291,600

50 Ac.
1,000

1881-82

1,000
M80S-’78-’9 500 Ac.
i 18.62. to’78 Various
; 1860 to ’7ft Various
1867 to’83

tion in State taxes was about e<junl to reduction in tax levy. (V.
40, 244 ; V. 25, p. 51 ; V. 35, p. 265; V. 36. p 590; V. 37,
23.)

68,000
371,595

4

Norfolk,Ya.—The assessed valuations and tax rate per$l ,000 have been:
Real Estate.

Years.
1879
18 SO
188 L
1882

$8,689,716
8.8(51,392
9,351,765

9,526.406

T -M)
18-1
]8sJ
3 8 S3

....

1881

...

1882../...

...

2,(558.058

:

Tax.
8

IO
10
9

mills.
“
“
“

apparently in a sound condition.

The

Debt,

Tax Rate.

Real Estate.

Personal tw

$3 5,923,108

$3,246,501

2’4

$1.275,000

3,544,517
3,037,837
3,708,240

2 f1

1,259,500
1.2(51,000

2*4

•

2-50
228

1,25 1,500
3,21 7.500

Philadelphia— On Jan. 1, 1883. the debt was $67,468,316; floating
In the following table the assessed value of real estate

debt. $454,57(5.
is

near

its cash value ;

Years.




1,1888
1889-1891

June

July 1, 1888

New York.

Pi11sburg, Treasurcr.
do

do

M.
J.
J.
M.

A N. Boston, Blaekstone N.
do
A J.
do

do
do

do
do

A J.
A S.

1893 to ’98
1908
1884 to 1912
1913

1883 to’86
1884

B’k. Now,1880,’87/88
July, 1887
July 1, 1897
Sept. 1, 1907

1883 to ’95
Boston and Portland
June 1,1887
I).
do
8
Providence.
Sept., 1885
Jan., 1893
J.
do
July, 1900
J. Boston, Prov. and London
July, 1900
J. A J. N. Y., N. City Bank, A Prov.
do
do
July 1, 1906
J. A J.
July 1, 1895
J. A J. London, Morton, Rose A Co
.Tune 1, 1899
Providence,
J. A D.
do
July 1,’99 A 1900
1892
do
J. A J
Sept. 1, 18S3-’84
M. A S.
Treasury.
Mav 1. 1385-’86
M. A N.
Boston and Providence,
1383-’89
do
do
Various
J.A J., 1883-1914
J. A J.
Richmond, Treasurer,
1886 A1904-1909
do
do
J. A J.
July 1914-T5
do
do
J. A J.
1883 to 1903
N. Y.. Union Trust Co.
iJ. A J.
Feb. 1, 1893
If. A A. New York and Rochester,
1884 to 1902
do
do
Va rious
Jan. 1, 1903
N. Y., Union Trust Co.
J. A J.
Jan. 1, 1905
do
do
J. A J.
do
do
Aug. 1, 1912
F. A A.
1884 to 1911
Semi-an
City Treasury.
1882 to 1899
Boston,
J. A J.
1891
do
F A A.
1902
do
M. A S.
On call.
City Treasury.
1882 to’91
Various N. Y., Nat. Bank Republic
1882 to 1906
do
do
Various
1886 A ’87
do
do
Various
1882 to’83
do
do
Various,
do
do
Aug., 1898
F. A A.
1887 to’95
do
do
Various
188(5 to ’88
Various!
do
do
Feb. 1, 1885
F. A A. N. Y., Nat. B’k Commerce.
June, 1887, A 99
J. A D.j New York and St. Louis.
April 1, 1892
A. A O. N. Y., Nat. B’k Commerce.
■i
M. A N
July 1, 1894
1 891 to ’94
New York or London,
Various
Nov. 1. 1893
do
do
M. A N.
Mav 1, 1895
do
do
M. A N.
1894 A 1899
do
do
J. A J.
Jan. A J imc, 1900
do
do.
Various
Dec. 10, 1892
J. A D. N. Y., Nat. B’k Commerce

m’nthly

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

7
8

Assessed

A J. N. Y., Nat. Bk. Commerce
do
do
A 8.
do
do
A 1).
do
do
A J.
do
do
A. A <>.
do
do
M. A N.
Va rious N. Y., Nat. B’k Commerce.
do
do
M. A N.
Various St. Joseph and New York.
I. A J. N. Y., Nat. B’k Commerce.
do
do
F. A A.
Various N. Y., Kountze Brothers.
do
do
Various
do
do
Various
do
do
Various
do
do
Various

J.
M.
J.
J.

valuations

of

July 1,1887

Sept. 1, 1888
June, 1892
1889 to 1896

April 1,1905
May 1, 1895
1880 to’89
Nov., 1889
1380 to’89
1891

1901
1906 to 1912
1887 to 1911
18^8 to 1904
1883 to 1903
1 899 to 1904

Full city property,

property for 1883 are:

$51(5,984,183; suburban property, $35,4-47,307; farm property, $19,051,765; all the personal being classified with the full city property.
Tax rate, $18 50.
Population, 1870, 674,022, against 847,170 in 1880.

The city Is protected by mortgages on Atlantic A St.
Lawrence ami Portland A Ogdensburg railroads.
Population in 1879,
35.010. against 31.413 in 1870, ami 2(5.341 in 18(50.
Population in
18so, 33,sl0; 1870, 31,413. The assessed valuations, tax rate, Ac.,

have'been

2.872,5(5(5
2,7(52.931

....

i Mar. 1, 1902A’03*

Rate of

$2,976,028

3,85(5.(535
18,5(1(5.046
—Population, 51,031 m 1880: 33,579 in 1870.
1883

do
do
do

do
do
do

Piffsburr/.—Assessed valuation in 1880: Real property, $85,744,090 ;
personal, only $2,51(5,540. Tax rate. 1830, 20,4 mills per $1. Popu¬
lation, 156,389 in 1880; 86,076 in 1870.

7.38g,8:M
7,3(52,3(51
7,392,7(57

1(5,398,(503
16,935.278
17.716,040

Y., Amor. Excli.Nat. Bk.

1883 to 1905
1883 to 1904
1886 to 1890

20

653 in 1870.

1880

IS S3 to 1905-

1,310,8(51
1,627,855

$19

—Sinking fund, May, 1*8/ ,$33,778; population, 21,145 in I860; 10,-

Years.
1879

do
do
do
do
do
do

19

$7,138.097

are

Various N.
M. A N.
J. A D.
Various
J. A J.
A. A O.
J. A J.

13S3 to 1903

do

1,103 193

Estate.

Paterson, X. ,7.—Finance: j

1883 to ’85

do

do
do
do
do
do
do
do
do

Tax Rate.

Personal
Pm pert v.

Years.

Philadelphia, by Treasurer.

Personalty.
$1,497,130

—Population in 1870, 19,229 : in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, Ac
Real

6 g.
6 A 7
7
10 A 6
10
4
4
5
6

263.125

33, p*

p*.

6 g.

500,000
133.850
67,500
150.700
536,250

500

1871

g.
g.

100,000

500

1881

g.

5 g.

500.000

1,000

gg.

1,024,000
461,000

1869
500
1S58 to ’69 100 Ac

-j

0
6
6
6
6

707,000
2.747.000

1867
1868
1872

City RR. I860 to’69

6 g.

800.000

1,000
' 500

<

6
6
6
6 g.
G g6
7
6 g.

1,104,000

1871 to’73

1873to’70

4 A 5
6
6
6

1,250,000

1872

7
7
7
7
7
4

410,000

3,950,000

1880

.

3,182,000

1,000
1,000

1867 to’70
1872

gold

’.

1 OOOAc.

J.
J
J.
J.
J.
J.
J.
J

'

6
8
5

652.300
148,000
750,000
765.000

1,000

1865

County bonds

5

44>
4 42

99.438

1846 to ’71 Various
purposes.. 1840 to’68 Various
1855 to ’57| Various
1856 to ’58 Various
1868
1,000
Various
1,000
1852 to ’68 Various

Bridge approach bonds (gold)
St. Louis County bonds assumed—
Insane Asylum
County Jail
1
General purposes, gold

„

596,000

bonds

Renewal, Ac., bonds, gold, $ and £
Renewal, Ac., bonds, gold $ ami £, coupon..
Renewal l>ds.,gold,$and £(part rcd’mable ’90)

New comin'omise bonds (60 per
St. Paul, Minn.—Bonds
Bonds
do
do
do

1,397.250

1872 to ’75 Various
1873 t o’76 1 OOOAc,
1,000
1875
5.000
1882

For various city improvements
Water works loan, coupon and registered
Funding loan

Bridge li Dials

1,879,000
1,500,000
600,000

New lives

Renewal.
Park bonds, coupon,

2,121,000

2,910,908
1.214,700

1872
Rochester, X. Y.—To Genesee Valley Railroad ..
To Rock. A State L. and R. N. A P. Railroads. 1872 to’74

Real estate, opildings and general
Street improvement bonds..
Water work bonds (old)
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds
Bonds to Pacific Railroad
New water work bonds (gold)
do
do
do
do
do
do
Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling

600,000
300,000

1877 A ’79

New High School Building certificates
Richmond, Va.—Bonds, reg.,($11 8,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...

Notes and certificates of deposits
St. Louis— Renewal and floating debt

1.193.500
325,000

A
A
A
A
A
A
A
A

Various Pittsburg, Pliila. A N. Y.
J. A J. New York, B’k of America.
Various
Philadelphia.

6
6
5 A 6
6
6
5
5 A 6 g.
5 A 6 g.
5
5 g.

Large.

1879

coupon

18-32

6

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

1855

City Hall A sewer loan b’ds, sterling, cp. or reg

6

627.500

1,000

1863
1872

do

787,000

500 Ac.

1859-79
1867

registered

1,000
500 Ac.

416,000
1,200,000

1872
1872

Municipal—proper, ($15,000 are.5s due ’83)..
Building loan bonds
Providence, R.I.—Bonds for public improvem’ts
Recruiting and bounty bonds
Water loan bonds, gold, coupon

7
7
6
6 A 7
4 A 5
7

1,281,000
2.178.600
5,050,700
1,405,000

1879

Bonds f<5r overdue interest (temporary loan).
Portland, Me.—Loan to All. A St. Lawrence RR.
Loan to Portland A Rochester Railroad
do
do
do
do
Portland A Ogdensburg
.

do

7
44>
7

300,000

1845 to ’72
municipal bonds
Compromise railroad bonds (coup, and reg.)..
1863
Bonds impr. Penn, av., Ac. (local assessment). 1871 to’73

do
do

6

4.282.500

Funded debt and other

do
do

6
6

100,000

Railroad
!
Pitlsbui’tr/—Water exten. loan (coup, or reg.). ...11868 to’74
Water loan, reg

J.
J
J.
J.
J.
J.
J.
J.

195,000
205,000 7,6g. A7g

Peoria A Rock Island

Due.

Pay’ble

6
6

2,000

Where Payable and by
Whom.

When

6

50 Ac
50 Ac
50 Ac
50 Ac
50 Ac
50 Ac

81,500

Peoria, Jlls.—School loan
War loan

j outstanding.

.850 Arc
1855
1855 to ’71

Principal—When

Amount

or

Value.

first page of tables.
Philadelphia—Bonds prior to consolidation
Bonds for railroad stock subsidy subscript’ns

For

Size

Date of
Bonds.

DESCRIPTION.

Real Estate.
$.77,518,328
526,539,972
529,109,382
535.805.744

Personalty.
$9,439,709

Tax Rate.

8.069,892

7,498,452
7,8(53.335

20 50
20 00
19 50

545.608,579

8.795,700

19 00

551,621.115

9.884.573

$2150

Peoria, III—Total debt, $(573,500 in 1882.
Population,
1880; 22,349 in 1870; in 1883 (estimated),40,000.

Portland, Mr.—The sinking

were

29,259 iu

fund and available assets March 31,1883,

$1 55,SoG.

have been
Years.
1 879 -so
lSsO-Sl*.

*

..

Real

Personal

Estate.

Propertv.

$19,825,800

$10,359,128

Rate of Tax

Total

$1,000.

Debt.

per

$25 00

Sinking

Funds. Ac.*
$5,235,000 8225,710

11,37(5.45(5
25 50
4,088,100
19.777,200
1 1,609,585
23 50
4,(520,500
19.880,300
21 50
20.288,300
12,354,455
4,545,500
These do not include the sinking funds for railroad loans.
..

Providence, P. /.—The principal debt of

since 1872 for water

works,

92,356

40,161
51,869

Providence has been created
City Jlall and Brook Street

sewerage, new

Improvement. The sinking fund for bonds due in 1 8x5. $(576,021 1893,
$255,420; 1895 99, $390,274 ; 1899-1900, $51,753; 1900-6. $125,416;
Brook Street district,$75,405. Population, lsyo. 08,904; 1880.104,857.
The laws of Rhode Island now limit the debts of towns to 3 perct. of their
assessed valuation. Ass’d vuluat ions (true value), tax rate, Ac., have been:
Years.
1 s78

1879....
1880....
1 88 1

Total

Assets in Sink.

Real
Estate.

Personal

Tax per

Property.

$1,000.

$80,341,100

$30,(599.400

$14 50 $10,590,550

Funds. Ac
$1,292,(597

28,413,800

10,100,599
10.077,099

1,597,280

8(5,81(5.100
88,012,100
87,788.000
88,967,900

1882....
—State valuation,

23,765,000
27,908,900

30/208,300

$108,547,726

14
.1 3
14
14

00
50
00
50

Debt.
10,175,550
10,202,(588

city, $119,196,200.

1,237,008
1,359,142
1,397,558

14

CITY
Subscribers will confer

a

Date of

Size

Bonds.

par
Value.

explanations see notes on first page of tables.

187029.

Salem, Mass—City debt
Citydebt

Various.

Water loan
do

San Francisco— Bonds of 1858, coupon (gold)..
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
.

Judgment bonds,

do

do

School bonds
School bonds
Park improvement bonds

Hospital bonds...
House of Correction bonds

City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 1870).....

Savannah, Ga.—New compromise bonds

Somerville, Mass.—City debt

outstanding.

$100 Ac.

$151,500
300,000
500,000
398,500

290,000
435,500
2-4,000
165,000
246,000
285,000
200,000
475,000
210.000

150,000
61 1,000

1,579,000
919,000
3,356,800
1,250,000

....

....

....

Water loan

Large.

....

335,000
138,O<)0

Large.
.

1,000

157,000
1,200,000
220,000
772,000
432,000
1,000,000

Water loan ($200,000 are 0 per cents)
1,000
Railroad loan
1,000
Toledo, O.—General fund city bonds, coup
Various.
Toledo A WoodvilleRailroad, coupon
1870
Water works ($13,000 only Os)
’73,’74A79
Short bonds, chargeable on special assessm’ts.
Various.
Municipal bonds
;
7.
Various.
Worcester, M— City, ($531,000 e., $1,137,400 r.) 1861 to ’81 500 Ac.
8ewer debt (all registered)
1870 to ’><1 500 Ac.
Water debt ($80,000 coup., $279,300 reg.)
1870 to ’70 500 Ac.
Bonds
1883f

....

....

....

346,200

....

4oo,(>0O
1,968,400

....

325,000
459,300

70,000

....

Rochester.—Total debt funded, $5,355,000 Jan., 1883.
The bonds of
-Genesee
RR. loan, $148,000, are provided for by net receipts
Valley
from a lease of said road to Erie Railway. Population, 89,300 in 1880 ;

02,386 in 1870; in 1882, estimated, 105,000.

Assessed valuation (Oo

per ct. of true value), rate of tax, Ac., have been:
Real
Personal
Tax per$1,000
Years.
Estate.
in ohl Wards.
Property.
$42,058,350
19 04
$1,700,300
37,299,400
21-79533
1,584,940
34.408,725
23-80
1,430,144
34,590,225
24-07
1,291,320
34,849,975
28 01
1,202,395

Total
Debt.

5,140,180
5,382,950

160,634,810
167.336,600
191,720,500

$5 00
5 00
5 OO
5 00

$1

,

50

*

17 50
17 50

17 50

22,507.000
22,417,000
22.31 1,000

St. Paul, Minn.—Population in 1870 was 22,300;
in 1880, 41,498;
in 1883 the local estimate of population is 90,000. Assessed
valuations
of taxable property and tax rate have been:
Years.
Real Estate.
1876.... $18,835,525
1877....
18,993,545

1878....
1879....

17,300,486

Personal

Rate of Tax

Property.

per

$0,310,493
5,452,871
5,491,020
5,942.503

$1.000.

22 mills.
18
“
13
“
15
“
21
“

Total
Debt.

$1,332,500

’1,327,200
1,350.4 It

17.300,766
1,519,310
1882....
30,000,000
10,000,000
1.959,910
—Valuation of real estate is about one-third of true value.




Sinking
Funds, Ac.
>. > 1,7. >5
567,6 12
616,000
650,000

$

........

7 g.

City Treasury.
1883 to 1802
A J. Boston, Merchants’ Bauk.
Jan. 1, 1891
& O.
do
do
A pi. 1,1883-1898
A J.
do
do
July 1, 1904
A J. San F. A N. Y,, Laidlaw A Co.
Jail. 1, 1888
A O.
do
do
Oet. 1, 1883
A J.
do
do
July 1, 1894
A N.
do
do
May 1. 1895
A O
do
do
Oet. 1, 1887
A D.
do
do
June 1,1882 to ’90
A J.
do
do
July 1, 1894
A ,J.
do
do
1897 A 1904
A N.
do
do
Nov. 1, 1891
A J.
do
do
July 1, 1894
do
do
1899

J.

A

J. Sau.F.A N.Y.,LaidlawA Co.
1896
N. Y., Eugene Kelly A Co.
Feb. 1, 1909
5 b)f) (> Uj Various Boston. Nat.
1882 to 1896
Security Bank
51s. 6,0b> Various
do
do
1880 to 1906
Various
4*2, 6
City Treasury.
1883 to 1889
6
Various Boston, First National B’k.
1883-1890
6 A 7
A. A O.
do
do
A pi. 1,’94, to 1905
7
A. A O.
do
do
1883 to 1893
5

Q-F.

.

4*3 to 8

Various

7-3
6 A 8
7 A 8
6 A 8

M. A N.
Various
Various
Various

4, 5 A 6
4, 4 F>. 5
5 A 6
4

N. Y..

Imp. A Trad. N. Bk.

do
do
do

do
do
do

Various C.Treas. A Bost. Melds.’ Bk.
Various
do
do
Various
do
do
A. A O.
Boston and Worcester.

1883 to 1909

.

May, 1900

1893,“’94

A ’99
1883 to ’87
1883 to1S92
1883 to 1906
i s()*i tn i on*;

1885 to 1906

April 1, 1893

Salem. Mass.—The sinking fund January 1, 1883. was
$288,253. There
$72,500 of 4 per cent bonds also held by sinking funds.
Population,
27.563 in 1880; 24,117 in 1S70. Tax

valuation, 1882, $25,523,242; tax
$15 50.
San Francisco.—Population, 233.959 in
1880; 149,473, in 1870. The
Montgomery Avenue and Du out Street bonds are special issues

nate,

charge¬

only on the assessment of property henefitted. The assessments for
four years and tax rate (per
$100) are given below.’ The large increase
in personalty in 1880-81 was made
persons

$25;

Debt.

$22,614,000

g.

g.
g.
g.
g.
g.
g.
6 g.
6 g.
7 «•
6 g.

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

making

no sworn

by the .arbitrary assessment of

statements of their property.
Realty.
Personal tv.

$190,280,810

Tax Rate

166,429,815

...

$25; 1880, $10,300,000,
lSsi, $10,500,000, $25; 1882, $10,650,000, $30: 1883,
$10,900,in 1870, 28,235, against 30,709 in 1880 and

600, $30.
Population
37,333 in 1882.

fiscal year (April lo, 1882) is

Bonded

6
6
5
6
7
7
7
7
7
6

bonds; and for interest up to Feb. 1, 18 <!), 58 per cent of the face value
in similar bonds.
Assessed value of r< al estate and fax rate each
year
have been as follows: in 1879.
$10,100,000,

j

Property.
$161,399,470

4, 5 A 6 Various

Sinking funds raised annually amount to over $225,000, the amount
hand June 30, 1882, being $1,020,212.
(V. 34, p. 550 ; V. 30,p.445.)
Su run nu/r, Ga.—Default was made on
interest Nov. 1, 1876, in conso- '
queuee of yellow fever and non-collection of taxes.
The compromise,
as reported in V. 26.
p. 625, gave new 5 per cent bonds for the face of old

$22,417,000. A claim of the St. Louis Caslighi .‘Company tor .gas fur¬
nished. amounting in all to about $882,000, with intciv.si’to .March 31.
1882, was decided against the city in 1880, but appealed; Assessed valu¬
ation of property and tax rate have been;
Years.
1879
1880
1881
1882

Princi pal—When
Due.

Whom.

on

059.)
St. Lou is— Population by tin* United States census in 1870 was
310,804, against 350,518 in 1880. The city and county'were merged
•by law in 1877 and city assumed the county bonds. The Comptroller
gives the following in his report to April, 1 ss2 : Tin* liabilities
appear as

Rate of tax per $1.000.
New
(fid
Limits.
Limits.

Payable, and by

$51,190,550
$2 24
1 99 bj
51,057,229
1880-81
165,023,658
2 21
279,287,738
1881-82
:.
155,831,879 ‘
66,598,521
1 15
In 1881-82 valuation, and tax rate are for
city and county onlg; State
valuation was $.108,301,609 real and
$71,121,993 personal, and tax
mle. 65cents.

p.

Real Estate
and Personal

Pay’ble

1878-79

St. Joseph. Mo.—Population in 1880. 32.131; in 1870.
19,505. As¬
sessed valuation of real estate, 18^0, $5,723,7s 1.
Personalty, $3,29 1,451; total $9,018,235. Rale <>!' tax, 1880, 321g mills. In 1882 total
assessed valuation was $12,ooo.ouo.
In above.statement of bonds tin*
amounts given include acenn d interest to April I, 188.3. A
compromise
of the debt was made in new 4 per emit bonds, which are
given for the
full principal and interest of old bonds, and interest is
pad on these only .

the close of

Where

are

1 **79-80

1870.

at

Rate.

When

able

$5,471,080

5,355,000
Richmond, Va.—Real estate assessed, 1882. $28,940,828; personal
$12,089,534. Tax rate, $1 40. 1883, real, $29,240,022; personal, $12,628,207. Population, 03,< 00 in 1880; 51,038 in’70
Rockland, Me.—Valuation of real and personal estate, 1882, $3,520.471. Tax rate, $21 per $1,000. Population, 7,599 in
1881; 7,071 in

follows: The bonded debt

INTEREST.

Amount

or

1871
1,000
1868-9
100 Ac.
1878
1,000
1858
500 Ac.
1863 to’64 500 Ac.
1864
500 Ac.
1865
500 Ac.
1867
500 Ac.
1870
500 Ac.
1874
500 Ac.
1872 to’75 500 Ac.
1871 to’73 500 Ac.
1 874
500 Ac.
187;> to ’76 -500 Ac.
1873-74
1876
100 Ac.
1879
Various.

Springfield, Mass.—City notes
City bonds

—(V. 32,

fV0L. xxxvn

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

DESCRIPTION.
i?’or

SECUKITIES

I
j
|

Somerville, Mass.—Tot al debt. January 1, -1883, $1,585,000;
sinking
fund, $373,651.
Property valuation in 1882, $23,102,200. Tax rate,
$1 / so.
Except $110,000 5s in $1.000 pieces, all homls are in $2,000
to $50,000 pieces.
Population, 24,933 in 1880; 14,685 m 1870.
Sjodngdeld. Mass.—Total debt, Jan.. 1883, $1,744,709; cash
assets,
$12 1,976. Tim railroad debt falls due $20,000 each year. Population
in
18-2, 35,000; 1870, 20,703. Ta x valuation and rates have been :
Personal
Tax rate
Years.
Real Estate.
property.
per $1,000.
1 s78

1*79
1881
1*82

$22,740,330

22.211,230
23,795,920
25,084,420

$6,637,845

$1100

7,230,09 4
12 00
8,935,850
12 50
9,198,258
12 50
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, January, 1883. was $3,007,619. Of this the
debt
payable by special assessments was $346,200, and the certificates of
indebtedness, $57,449. Taxable valuation of real estate, 1881,
$19,591,530; personal, $6,315,940.
Total valuation, $25,913,460.
Tax
rare, $2 68 per $loo.
Valuation, 1882, $27,784,250; rate, $21 50.
Population, 50,137 in 1880; 31,58 l in 1870. (V. 30, p.356.)
Worcester, Mass.—Total debt, January 1, 1883, $2,717,700. Casli
asseis, $145,107, including $355,890 in
sinking fund.
Population,
5S.291 in 1880, 41,105 in 1870. Tax valuation,
i880, $41,005,112 ; in
1881, $42,606,529; 1882, $45,504,512; tax rate, 1-74.

1htuoS

October,

Subscribers will

For

explanation of column

headings, Ac., see notes

first page of

tables.

Alabama X. 0. Texas & Pacific Jane.—Debentures..
n. —1st mortgage, coupon
Ala. 0L
Albany d Susquehanna—Stock
Albanv C’itv loan

(sinking fund, 1 per c-t. yearly).

Consol, mort. (guar. I). A H.

endorsed on bonds)..

General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d uqirt.. Fast ext.
1st mort.. East’ll Extern, guar, by Pa. RR
Funding income bonds, with tratlie guarantee —
Asheville d S/mrttinburq—] st mortgage

Miles Date
of
of
Road. Bonds

233
296

209
142
142
142
142
259
132
110
1 10

259
27

S. F. bonds for

62

purchase of K. (’. L. A S. K. stock.

Kaiis. City
do

Top. & W. 1st M., R..1U
do

income

lids.

1..

lids.)

....

....

....

27
66

|

|,| jtiar.i-ontal. |
t

’Pueblo A Ark. Valiev, 1st M.,gold l

Outstanding

Rate per
Cent.

£20, Ac.

$7,500,000

6

Par

$1,000

1,679,000

100

3,500,000

1,000
1,000

998,000
1,000,000

1,000
1,000

1,653,000
6,000,000
2,166,500
4,000,000
2,7uO.OOO

50

1866
1870
1871
1874
1877

1.000
100,000
1.009
100 Ac.

1878
1879
IS 79

_

.

148

1

188P
1 889
1881
1.872

",000

1,000

1875
18?8
1875

stock.

590 Ac.

2,915.500

....

1,000

(V. 35, p.

Southern.—Road owned from Wauliatchie.Te.nn..
to Meridian, Miss., 290 miles; leased. Wauhatchie to Chattanooga, 0
miles; total operated. 296 miles. The Alabama A:- Chattanooga Railroad
made default January 1, 1871, and road was sold under foreclosure-Jan.
22,1877. Present company organized Nov. 39, 1877, and is un lertiie
same control as the Ala. X. O. Tex. .V Pacilic Junction.
The lands were
conveyed in full settlement to the holders of the $2,090,000 of Alabama
State bonds. These lands (about 559.009 acres) arc held by trustees.
(V. 30, p. 117.)
Capital stock—common, $7,839,099, and preferred 6
per cent, $1,750,009; funded debt. $1,750,909. and receiver’s certiticates, $178,000 (of which $134,009 in litigation) all vaiid certificates
allowed by U. S. Court paid on present at ion.
Gross earnings in 188 *,
$863,418; net, $249,376. Gross in 1881, $789,376; net, $286,421. (V.
Alabama Great

36, p. 589.)

Albany «fc Susquehanna.—Road

owned from Albany, N. Y.. to

Binghamton, N.Y., 142 miles; branches operated—Quaker street, N. V.,
to Schenectady, 14 nines; Cobleskill. N. V.. to Cherry Valley. 21 miles;
operates Lackawanna A: Susquehanna Railroad, 22 miles; Fas. Glen
ville to Coons. 10 miles; total operated, 209 miles. Liaised m perpetuity

from Feb.. 1870, to Delaware A: Hudson (’.anal Co.; rental. 7 per cent
stock and interest on bonds. Additions and betterments charged to
lessors, and cost made part of investment. The Pennsylvania coal fields,
by the joint use of the Jefferson RK.,'give a large coal tratlie to t lie
and to the other Delaware A: Hudson leased roads north from Albany
to the Canada line. The consolidated mortgage is for $19,099,909, of
which $3,000,000 are 7 per cents,
hi 1883 some 'counterfeits of
on

road

the. 2d
proposed
to take up all
earnings as reported to.

mortgage bonds of 1885 were found and it was

that issue with consol, mortgage bonds. Gross
State Engineer were in 1880-1, $1,810,049; not, $638,974 ; m
gross, $2,274,014; net, $853,841; surplus to lessee over all
$85,032. (V. 36, p. 250, 535.)

8,769.700

7.01 1,000

(Limited).—
.Meridian.
North
19
Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as' that of the Alabama Great
Southern KR. Length ot roads, 807 miles; add Ala. Great Southern RIl.,
295 miles; entire system, 1,102 miles; of which, on .lan. 1,1889, there
remained to be finished about 250 miles. Koad opened through Get.,
1883. The preferred or “A” shares are £1,500,000, having a preference
for 0 per cent dividends and cumulative, and the common or *• It” shares
£2,500,000; par value of all shares, £10 each. The debentures are
redeemable any time at 115, on six months’notice. The company holds
the following securities, viz.; Cincinnati New Orleans & Texas Pacific
-$1,532,000 stock; Vicksburg A Meridian, $215,000 1st mortgage.
$105,000 2d mortgage, $110,500 3d mortgage, $1,101,309 preferred
Stock and $303,000 common stock; of Vicksburg Shreveport & Pacific
$3,692,000 1st mol t.. $1,931,000 incomes and $1,591,000 stock; of N. O.
& North Eastern $4,900,000 1st mort. and $4,320,000
515; V. 30, p. 169.)

10.009.000

500 Ac.

1,000
1,000

1881-2,

payments,

7-30
5
7
7
0
6
6
6
1 d
7 g.
7 g.
7 g.
5 g.
5

1,500.000
4,072,000
5 12,000
56,9 i 3.200

1,000

1.000
1.000
1,000
1.000

3D
7
6
7
6 A 7

When

Payable

A. A
J. A
J. A
J. A
M. A
\ &
Al a

Where Payable,
Whom,

and by

108.500
1.123.000
3,669,000
4,996.000

413
6
7 g.
7 g.
7
7 g.

6, 150.000
412.000
854,000
200,000

1,633,000

Bonds—Princi¬

pal, When Due*
Stocks—Last
Dividend.

London.
O.
April 1, 1907
Jan. 1, 1908
J. N.Y.,Farmers’ L. AT. Co
J. N. Y., B’k of Commerce.
July 2, 1883
J. N.Y.,Del. A Ilud.Can.Co
July, 1888
do
do
Nov., 1895-’97
N.
0

0!

do

do

April 1, 1900

J. A J. N. Y., Winslow, L. A-Co. March 1, 1396
Jan’arv Harrisburg, Treasury. 190,000 y’rlv.
A. A O. Philadelphia or London April 1, 1910
Oct. 1. 1894
A. A O. Pittsburg. Co.’s Ollice.
1 nn
1
1997
.J. A J. X. Y., Cent. Pacilic. RR.

500,000

100
1869
1870

6 g.

675,000

1,000

Alabama Now Orleans Texas A Pad lie June.
This is an English corporation controlling the Vicksburg &
14.2 miles; Vicksburg Shreveport A Pacific, 189 miles; N. O. A
Eastern, 200 miles; and Spanish Fort Railway, near New Orleans,
miles. It. also controls the Cincinnati New Orleans A Texas

-

Amount

Value.

....

1863
1865
1865
1S76

1880

bonds)

Sinking fund bonds (secured bv mort. bds.)
Sink, fund bils. (secured bv deposit of mort.
Wichita A Southwest.. 1st M.,gold )

IS

BONDS

INTEREST OR DIVIDENDS.

Size, or

...

gold

Bonds, gold (secured bv mortgage

1882
1878

’

Ashtabula d Pilfsbitri/ —1st mortgage, coup, orreg..
*>•.>€)
Atchison Col. d Pacific—-1st mort., guar
34
Atchison Jewell Co. d West.— 1st M., guar. C.B.U. P.
1.820
Atchison Tope lead'Santa Pc—Stock
470
1st mortgage, gold
jkpnd <T;mt mort mid*
Consol, bonds, gold

AND

giving immediate notice of any error discovered in tliese Tables.

confer a great favor by

DESCRIPTION.
on

STOCKS

KAILKOAD

1883. J

F. A

.V. Phil.. Fid. T.T. A S.D.Co.
N. Y.. Hanover N. Rk.

Q.-F.
0,-F.
G.-F.

X.Y.,Un Pae. RR otlice.
Boston, at Ollice.
J. A J. Boston, North Nat. Rk.
A.
A.
V.
M.
A.
J.

do
do

A O.

A O.
A O.
A S.
A O
A D.
.). A J.
J. A J.
M. A S'.
J. A J.

-

do
do

Aug. 1, 1903
May 1, 1905
May 1, 1905Nov. 15. 1833
J ill v, 1899
Mar. 1,
1903

1900

April 1, 1909
Sept. 1. 1920
Oct, 1, 1920
Bust. Safe Dep. ATr. Co.
Dec, 1, 1911
Boston.
Boston, North Nat. Bk. July 1, 1902
do
do
July 1, 1905
Boston, Boston Nat.B’k. Mar. 1, 1906
Bost., N. Bk. of N. AnTa. July 1, 1905

Boston, Boston Nat.B’k.
do

do

Kan., 192 miles; Greenleaf, Kan., to Washington, Kan., 7 miles; Downs,
Kau., to Hull city. Kan., 23 miles ; Yuma, Kan., to Talmage, 29 miles ;
total, 252 miles. The road forms an extension of the Union Pacific Cenfral Branch, by which the bonds are guaranteed and the road is con¬
trolled, and the whole system is virtually owned by Union Pacilic, bub

operated by Mo. Pacilic.

Stock, $1,526,800.

Atchison Jewell Co. A- West.—Jamestown, Kan., to Burr Oak,
Kan., 34 miles.
Under same auspices and control as Atchison Colorado
A Pacific.
Stock, $202,800, of which Union Pacilic o wns $105,000.

Main Line—

Atchison Topeka A; Santa Fo.— Link oi’Tiou):
Vtchison to Kansas State line, 471 miles. Owned jointly with Union
Pacilic—Brandi to Manhattan, 57 miles, and
to Leavenworth,
•16 miles.
Leased—Various branch roads in-. Southern Kansas and to
Pleasant Hill, Mo
468 miles; Kan. State L. toS. Pueblo, Col., 149miles;
Pueblo to Kockvale, Col., 37 miles; La Junta to N. Mex. State Line, 96

branch

,

miles; Colorado St. L. to San Marcial, N. M., 354 miles; Lamy to Santa
I V, 18 miles ; San Marcial to Doming, N. M., 128 miles; Rincon to Texas
line, 58 miles; coal roads, 15 miles; Las Vegas Hot Springs road, (>
mile<: Texas line to El Paso, 20 miles; total leased, 1.319 miles. Total

operated directly, 1,^29 miles. The road owned jointly with the Union.
Pae., 103 mil's; the Kan. C. Law. & So. Kan., 39.4 miles, controlled; and
the Sonora system, 35.9 miles, controlled—are not embraced in the miles
operated. The total mileage controlled is 2,620 miles. The system in
complicated and could be much more clearly shown by the company’*
m ip iti t his Srt’i’i.ivMknt.
Oit<;anization, Li:asks, Ac.—The A. T. & S. Fe. Co. was incorporated.
March 3, 1863, and includes the Atchison & Topeka RR.. incorporated
Foil. 11. 18‘>9.
The land grant was received by Act of Kansas Feb. 9,
The main line of 471 miles was opchod Dec. 23. 1872.
1864.
Thu
whole system outside of them tin line is nominally under different cor¬
porations. of which the ownership is vested in the A. T. A S. F., and tha
roads also h'-is. d to that Co. and interest on the'bonds usually paid on
rental, 'fhe Kansas C. Law. A So. Kan. and the Sonora systems are nob
leased, but arc controlled by ownership of the stock. Tin* A. T. A S. Fo
(‘o. has issued its own stock and bonds to purchase the stocks and bonds
of leased and
auxiliary companies, and the balance sheet shows
$ 15,78 1,559 so invested.
The fiscal year ends Dec.‘31. The election of
directors is held in April.
An agreement was made in Feb., 1880, with the St. L. & San Fran., for
the .joint construction of a line to the Pacilic, under name of Atlantic A
Pacific.
Stock

See Atlantic A: Pacilic.
Ronds—The stock lias

ami

figures for the acquisition
dividends.
Dividends have
1S8|,6 cash and 50 stock ;
of stock was—in 1881. 92a

been increased rapidly to present
of the auxiliary lines and by way of stock:
been—in 1879, 3 per cent ; in 1880, 8*2; in.
in 1882, 6; in 1883,6. The range in price*
154It; in 4882, 7S7H«'9(j’s; in 1883 to lasts

Saturday. 7-'8 614.

The land grant bonds receive the proceeds of land sales in payment of
interest and prin ipal, and bonds are paid off accordingly. The A.
S. F. bonds have in several eases been’issued to build the liaised lines,
and the mortgage: bon is of those lines arc'deposited with trustees as

T. <fc

senility. The ID per cent bonds, due Oct.., 1920, have the 6 per cenb
bonds of tin* Rio Gr. Mex. A Pae. and the Rio Gr. A El Paso
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132 mortgage
roads as security, t he sinking f und being 1 k> per cent per annum rising
miles; branches—Red Rank, Pa., to Driftwood, 110 miles; others, 17 to Do
percent by 1910. Tac 6 per emit bonds, due Dee. t, 1911, have a*
miles; total operated, *J59 miles.
The company became embarrassed
first mortgage bonds of the following roads: Elk A Chatauqua
In 1874 and compromised with its creditors.
It still falls short security
RR. 7s, New Mexico A Arizona RR. <>s. Man. Alma A' Burlingame 6s,
of earning interest liabilities. The amount of income bonds authorized
Marion A McPherson's; and second mortgage bon Is—New Mexico &
'is $10,000,000; these receive all revenue left after interest oir prior
So, Pacific'6s, Marion A MePnerson 6s; and are redeemable at 105 by
liens, and any deficiency is made up by additional issues. Of the Income
the sinking fund, which is 1 per cent per annum for 10 years and 2 per
bonds the Pennsylvania RR., Northern Central and Philadelphia A: Erie
cent thereafter*.
Tin* 5 per c, nt bon Is, due April I, 1909, are secured
bold $5,408,000, the interest on which is paid altogether in bond scrip;
the bonds held by individuals are paid in cash and scrip convertible by the N. Mew A So. Pae. Is' mort. 7s. The 5 per el. bonds, due Sept. 1,
1920. are secured by the K. City Top. A West. 1st mort. bonds and stock.
into income bonds.
In 1882 the charges for mortgage interest and car
On other bonds t he int rest is p iid as rent il.
Such bonds as are held in
trust payments
were $1,143,987;
income bouJs, $583,114; total. the
treasury, or leased line bon Is held as collateral for any
$1,727,402; deficit in net earnings, $819, . 98. The debt due to Pennsyl¬ of company's
its own bonds given above, are not included in the above amounts
vania RR. is $3,539,305.
(See annual report, V. 30, p. 622.) The earn¬
outstanding. The Sonora RR. in Mexico ( 202 miles) 1st mortg. bonds
ings, &c., for two years were as follows ;
are guaranteed.
The Leavenworth Topeka A Southwest. RR. bonds at 4
Years.
Pass. Mileage. Freight Mileage. Gross Earnings. Net Earn’gs.
cent an* guaranteed one-half by the At. Top. A S. Fe and one-half
1881
17.292.809
127,615,267'
$2,109,780
$904,672 per
the Union Pacific.
3882
153,860.833
2,356,698
886.603 byLand
19,141,989
Gt; w r—The lands ar * in Kansas grantel by Act of Congress
—(V. 35, p. 404; V. 36, p. 399, 622; V. 37. p. 375.)
March 3, l>ii >, :url Kins is. Feb, 9, IS if.
Land sales in 18S2, 189,839
Amador Branch.—Galt, Cal., to lone. Cal., 27 miles.
Le.ase-1 till acres for $S9 ;,s 12, being an-average, of $t 71 per acre; but canceled
Nov. 1, 1890, to Cent. Pacific ; rental $3,500 per month. Stock, $075,prior sales of 86.373 acres lor $172,055.
Assets December 31, 1882,
000. Leland Stanford, President, San Francisco.
$1.56 i,()92 contracts and 1.582,699 acres yet unsold.
Oit.i; a to 1 vs, Finani’Ks, A' ’.—Tim A. T. A S. F.. has been 011c. of the
Asheville A; Spartanburg.—From Spartanburg, S. C., to Ashe¬
most suee s-4'al of ro ids built into tie>v tcn ito y, wh -rc a monopoly of
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation.
Tae conn s lion with the
Formerly Spartanburg A- Asheville; sold tn foreclosure April. ISSl.and business h is produced large net eonin s.
elf.ct for business in Oct., 1 ss3, and the results
.reorganized. Stock $1,950,000. fu lss3 tin* mortgige for $509,999 AthmticA Pacific took
was made to build the. 18 miles to Asheville.
Coi.t olled hy RichmoadA from that', a - a 'so l'i on 1 lie conn cel ion with Mcxhan Gen tral at FI Paso
Danville. Gross earnings in ls*H-s2', $->9,721; m t.$ >70. (V. 36, p. 453.) as that line is extendi- 1, ivai dii (o la- seen. Tin- annual report for 1 882
Ashtabula A Pittsburg.—Owns from
bula Harbor, O., 62*6 miles.
Organized as.

Youngstown. 0., to

Ashta¬

Ashiabnla Young-town w
DciauOed and property sold August 21. ls7~\
Existing company organized Sept. 25, 1878. and it is leased bv Penn. :
Co., which pay» net earnings to A. A- 1’. The eoiiiuion stock is $ >5s.l91
and. preferred $700,000; pir of shares, $ >o (l.o scai'iiiugs in bd. j
$317,012; net, $123,888; 1882. gross, $3 13, i 8.5 j^nef. $1 12,298.
Atchison Colorado A Pacilic.—Waterville. Kan., to L •ii'*ia •
Pittsburg in




1-870.

said :
“The res no ns I- ulit i-’s assumed bv the AI eh i son ( hi. on aveouut. of t he
construction nr 1 he two 6ivisi uis of t he AflinlieA Pae. RR. an-: 1st —
One half the loin m-eessirv to com dcte and (-quip the liiu*.
2d—A
rebate o' 25 per Cel!I of Atchison <-.i!Ti IIgs oil ntisiness done by
(.'o. going t o or com uig troui the At laid ie .V Pacilic.”
' ~ ' ‘-The
lowing is a bri- i sniiinnry of tin-entire Atchison property as it will be
when t his report reaches t he stoekholders (Mareh, 188 !);
A li ue
reaching from three cistern tcini hi on the Mi*<o 1 ri River, Kansas

till*. Atoll.
fol¬

of road
City,

16
"

RAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS.'

great favor by giving immediate notice qt any error discovered in tliese Tables.

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

see

notes

Date Size, or
of
of
par
Road. Bonds Value.

134
r
..

j

(sinking fund)

mortgage, sterling, 5-20
do

years

<io

do

Auijusta if Savannah—Stock
Austin <£• Northwestern ( lex.) — 1st mort
Bald Eagle Yalleg—Gen’l mort.,(s. f. $4,000
per yr.>

44
31.

»

50
205
262
269

265*2
265*2

1878
1870
1879
1879
1377
1877
1882
1 878
1880

$1,942,200

1.000
1,000

532,000
798,000
713,000

500

1,000
1,000
i.ooo

1877
1877
1880

1,700,000

500,000
4,250.000
750,000
1,232.200
1,232,200
13,150,000
8,287,000
1,189,500
796,629

1,000
500
100

'

....

99

1000Ac.
50 Ac.
500 Ac.

65

188*2

1,000Ac

1882

50 Ac.
£100

....

....

....

5,484,000
787,000
1,499,916
712,932
733,700
420,000

£100
£100
100

1864
1871

....

1880

1,000

$1,300,110.

$
2,970,608
9,051,623
562,273

312,000
78,000

....

The annual report for 1882 was
published in the Chronicle, V. 36.
1». 307 and 151.
Income, etc., for four years were as follows:
1879.
1830.
1881.
1382

$

392.000

Rato per
Cent.

7 g.
/

7
7
7

7 <r.
4
7 g.
7 g.

2*2
7
7
6
3
6

0 S6
6
6
6
6

3
6
6 g.
6 g.

3*2
6
6

When

Pay’blc

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

A
A
A
A
A
A

Bonds—Princi

DIVIDENDS.

Where Payable, and by
Whom.

J. Boston, Nat.Bk.of N.Aiu
J. Boston, North Nat. Bk.
O.
do
do
O.
do
do
O. Boston, Everett N. Bk.
O. Boston, Bk. of No. Am.

pal, When Due
Sto cl:s—Last
Dividend.

July 1,
July 1,
Oct. 1,
Oct. 1,

1905
1909
1909
1909

1907

July 1, 1907

A.
J.
M.
A.
J.

A
A
A
A
A
A. A
T. A
J. A
J. A
A. A

0- Boston, Everett Nat.Bk. April 1. 1909
J.
Boston.
1910
S. N.Y. Central Trust Co.
Sept., 1883
O.
do
do
Aprii 1, 1897
J.
do
do
Jan. 1, 1907
O.
do
do
April 1, 1900
J. Atlanta, Ga., atTreas’y.
July 15, 1883
J.
do
do
1891
,T. New York and Boston. July 1, 1910
O.
Oct. 1, 1910
M. A N.
New York.
Nov. 1, 1891
At Mat.
do
Nov., 1901
M. A S. N. Y„ St. L.A S.F. Otlice March
1, 1922
J. A D.
June 1, 1922
M. A S. London, Gi\ Trunk Rw. Sent.
15, 1883
M. A N.
Nov. 2, 1888
A. A O. London, Gr. Trunk Rw.
Oct.
1, 1884
M. A N.
do
do
May 1, 1891

J.

A D.

Juiie 4, 1883

Savannah.

r

J.

A

J.

Phila.jF.Ius.Tr.AS.Dep.

Jan.

1,

1910

and the advances so made constitute a loan to be
repaid by the A. & P.
with interest. The stock authorized is
$100,000,000, and issued

$51,510,000 (par $100), mostly owned by the Atcli. Top. A Santa Fe and the

St. Louis A San Francisco companies
equally, and held in
those two companies.
In June, 1883, a

trust for

syndicate took $10,000,000 at

15, with an option on $10,000,000 more at 20. The stock is classed
thus: Western Div., common stock, $>1,750,000;
Cent, and Mo. divs.,
common stock, $3,360,3;)0, pref.,$11,4.00,0 >0.
The old preferred stock
has no preference over the A. A P. Western Division
stock. See state¬
ment in V. 36, p. 588.
The Southern Pacific built east to meet this road at the
Colorado River,
and agreed to pay to the Atlantic A Pacilic 25
per cent of its gross earn¬
ings on through business to and from the Atlantic & Pacific line, which
is to he applied to the
payment of interest on the Atlantic A Pacific bonds,
the same as the 25 per cent from the At.
Top. A S. Fe and the St. Louis
A San Fran, companies. The laud gran t claimed under the
old Atlantic
A Pacific charter of July, 1866, is 25,600 acres
per mile in Territories
and 12,800 acres in States. The total land
grant on the whole road, if
constructed as under the charter, would lie 12.0.>0.000 acres. The
pro¬
ceeds of sales of the company’s lands are to be
lodged with the trustee
under the mortgage, and am applicable to tin*
purchase an t Cancella¬
tion of the first mortgage bonds whenever
they can be obtained by
public advertisement- at not exceeding 110 and interest. The bonds
are not subject-, otherwise,, to be drawn or
paid before maturity. They
are receivable at par in
payment for lands. A map of the land grant

published in the Chronicle, V. 36. p. 468.
year ends December 31.
The annual report for
18Q2
was
published at some length in the Chronicle, V. 36. p. 588.
giving details of the balance sheet and the history of the financial
arrangements of the company.
The following was stated of the
was

The fiscal

Central Division: "Final surveys were commenced for the
extension
west of Vinita, Indian Territory, in Nov., LS81.
Grading westwnrclly
from Vinita was begun in January, lss*J: the track
1 tl,777
Mail, express, Ac
completed to Tulsa,
on the Arkansas River. 00 miles west of
Seneca. Mo., in Sept., 18*2; and
Total gross earnings.. 0,331,413
8,556,976 12,534,509 14,773,305 *5 miles of the road west of Seneca have been accepted by the Govern¬
Total operat’g expens. 2,963,123
4,374,287
8,063.326
8.662,756 ment. Of the cost of tin's division the sum of $600,000 was provided by
the .subscription at par, Jan. 20, 1332, to the first
Net earnings
mortgage bonds of this
3,41*3,315
4,182,689
4,521,133
0,110,549 division; and the balance lias been
temporarily advanced from funds
of the Western Division.
INCOME ACCOR NT.
Tin* Central Division is at
present operated by
the 8t. Louis A San Francisco
Railway Co., which furnishes the neces¬
Receipts—
$
$
$
$
sary equipment.
Net earn in its
If is the* intention of the
3,413,315
4,182,6S9
4,521,183
6,110,549 construction of this division westward company to proceed with the
Pottawat’c land ac’et.
from Tulsa during lss3.
139,322
At
the
date of tlie re-organization there were
Rentals and interest..
130,739
outstanding $1,189,500 first
51,095 mortgage bonds of this
Sundry credits
division.
Tin*
financial
plan of Jan. 9, 1882,
60,03 t
120,113
229,837
230,781
provides for a new mortgage
From U. S., Ac
the entire property of the Central
*611,295 Division. The issue of bonds upon
is limited to not exceeding $25,000
per
mile of road.
Interest upon these bonds is guaranteed by a trallie con¬
Total income
3,748,410
4,302,837
4,751,020
7,006,720 tract with tin* St. Louis A San Francisco
Dish u rsc men ts—
Railway Co. and the Atchison
$
$
$
'
$
Rentals paid
Topeka Ar Santa Fe RR. Co., similar in its nature to that relating to the
836,772
86 1,273
774,740
824.859 Western Division tir.-d
Interest on debt
mortgage bonds. Tin* financial plan above-named
795,4 40
734,527
866,663
1,122,316
provides for an issue of $3,000,000 of these new bonds, to be used as
Dividends
691,311
1,721,195
1,341,021
3,324,793 follows: 1 st.—To ret ire t he out
Rate of dividend
3
standing issue of old bonds of the Cent ra 1
6
8*2
6
Division, by exchange or
Sinking funds.
2d.—To provide means for the con¬
132,030
170,525 struction ot the Central purchase.
Division from Vinita. Indian Territory,
1 13,302
Sundry debits
4.491
35,125
west¬
4*6.33 1
ward.
Ninety-nine miles of this division having been completed, the
Tot. disbursem’ius 2,13<j,*3 L
3,361, L.’O
3,618,9 43
i>,y2s,S57
company is entitled to issue $2,175,000 of these bonds; $1.190.000 have
been deposited with the Central Trust Co. of New
Balance, surplus
- 1,311,579
941,7 L7
1,132,072
1,077,863
York, trustee under
*
tiie mortgage, to provide for the old bonds
suspended U. S. Government and pool earnings for 1330 and 1381
outstanding, either.by ex¬
change or purchase ; $312,000 have been issued under the
not previously 'credited to income account.
subscription
of Jan. 20, 1*32; $2*8,000 are
—(V. 35. p. 21,205. 207, 330. 373. 456. 516, 762; V. 36,
ready for delivery under tiie
p. 251, 397
tion; and $3*5,OCR) remain in the lialids of the Treasurer, the subscrip¬
300, 451, 550; V. 37. p. 22, 127. 266, 375.)
proceeds
of which will lie used to
repay the amount temporarily advanced from
Atlanta A: Charlotte Ail* Line.—Owns from
funds of the Western Division.”
Charlotte, N. C.. to
Atlanta, Ga., 200 miles. Successors of Richmond A Atlanta Air-lane,
Officers of the company: 1L C. Nutt,
President, Boston; E. F. Win¬
which was sold under foreclosure December
5,. 1876. and the existing slow, Vice-President, Now York; C. 8. Tuckorman, .Secretary and Treas¬
corporation was formed February 27, 1877. On March 26,
urer,
oil.
Rost
(V.
35,
p.
329.
50. 51.235,
430. 431. 6o3.736. 737-; V.
Iroad was leased to the Richmond A Danville at a rental of 1881, tin* 36, p. 18,55, 107, 139,
339, 468, 526, 559, 588, 651, 674, 707, 731;
$162,000
V. 37. p, 22. 151. 313, 123.)
per year, equal to the, interest' on debt, and 5 per cent on
stock; if
gross earnings of A. A 0. A. L. exceed $1,500,000, dividends to be
6
Atlantic A: St. Lawrence.—Owns from Portland,
Me., to Island
per cent ; and if they exceed $2,500,000, 7 per cent.
Receipts not sep, Pond, Yt. (and branch), 151 miles, there eonneeliug with Grand Trunk
aiately reported by lessees, so that the loss to the loscss is not known
of Canada, to which leased for 999
years, August 5, 1853. at a rental
but in 1*70-80, the last year reported, total
receipts.were $051,688; net, equal to bond interest and 6 per rent mistook. The bonds to
$364,137. (V. 37, p. 43.)
city of
Portland are now provided for by acciimnm'.atious of
sinking fund.
Gross earnings in 1831.-82,
Atlanta A: West l*oint.—Owns from East
$957,659; net, $119,343.
Point, Ga., to West
Point, Ga.. 81 miles; leased, 6lg miles; total operated, 87*2 miles. In
Augusta A Savannah.—Owns from. Milieu to Augusta, Ga., 53
April. 1881, a controlling interest in the stock was purchased for the miles. Leased to Central of Georgia for $73,000
pci' annum.
Lias no
Central Georgia, and a. stock dividend of 100
bonded debt, lias a considerable
per emit was afterward
surplus fund.
declared in debenture eortitieatcs. Gross earnings in
Austin A Northwestern.—Line of road, Austin,
Is31-S2, $ 1.30,010*
net, $175, to 1; in 1882-83, gross,
Tex'., to Burnet,
$106,102; net, $151,810. (V. 35, p. Tex. 00 miles. Opened Jan. 1,1.832.
lias a laud grant of 600,000
160; V. 37. p. 1 2 7.)

Freight-

~-r*tft~V*r

4.307,000

1880
1880
1871

150
150
53
60
80

690.000

4,425,000

1,000

.$0,103,020, net $1,821,540; against $9,200,014 gross and $3,515,130
in 1882, a decrease.in gross in 1883 of
$100,085, but an increase in
net of

$

•

100

‘net

$

120,000
310,000

1,000

issi

15 i

Outstanding

1,000

87
566

Amount

$1,000

Atchison and Ix*,a veil worth, to (1) the l»*st portions of the eastern and
southern part of Kansas, in which State alone molt* than half its
mileage
is located; (2) to Pueblo, where for all time it will afford to the
1,200
miles of narrow gauge system of the Rio Grande road its
shortest and
cheapest connection with the East; (3) at Pueblo it connects also with
the standard gauge system of the Rio Grande road for
Denver and the
country tributary thereto; (1) to Albuquerque, where it connects with
the Atlantic A Pacific route to San Francisco, Ac
; (5) to El Paso, where
it connects with the Mexican Central
system of 1,500 miles or more now
being constructed; (0) to Doming, where it connects wit h the Southern
Pacific route to Southern California; (7)
toGuaymas, on the Gulf of Cali¬
fornia, where a not inconsiderable business awaits development.
Of
this 2,020 miles of road, about 1.700 miles are now in steel rail. The
iron rail remaining is almost,
exclusively on branch roads. The whole
road, having all the facilities for doing business, is well constructed and
in excellent condition, and possesses, jin
cipiipment of nearly 10,000 pas¬
senger and freight cars and MIS locomotives.
The territory tributary
to this road can be more readily protected,
and is less subject to invasion,
than that usually reached by railroad lines.”
The Camillas have increas' d
rapidly and also the stock and bonds, but
the most remarkable feature of operations
is.the'variance in p -remtuge
of expenses to earnings, viz., in IS 70,
4.0*2 per cent; in 18^0, 50:ti: in
1*31, 637s; in 1882, 58*2. In 1883 gross earnings for
eight months

Earnings—
Passenger

INTEREST OR

Miles

Ac.,

Atoli. Top. tf S.Fe—(Continued.)—
Pueblo A Ark. Val., 1st (A 2d on 113 in,).. ) ?
(
Kansas City Emporia & S., 1st mort
j
- —‘ 1
Cow. Sum. A Ft. Scott, 1st mort
( -2 !
Marlon A McPherson, 1st mort
[ h r j
Pleasant Hill A De Soto, 1st M., gold
j ~ ~
Florence El Dorado A W., 1st mort., gold i "J
(
Leaven worth Topeka A S. W.—1st-mort., *•> guar.
N. Mexico A So. Pac.—1st M., gold,
guar, rental..
Sonora RR., 1st mort., gold. guar. ($20,000
p. m.)
Atlanta <£• Charlotte.—Stock (guar, by rental)
New pref. mort
Mortgage bonds
Income bonds, registered (not
cumulative)
Atlanta d: West Point—Stocic
Debenture certificates..
Atlanticrf- l'ac. —1st mort. g.,W. D.(s.f.)
$25,000 p.m.
Income lids., non-cum’tive, ($18,750 p.m.)
1st RR. A land grant bonds on Central Division..
1st land grant bonds on Central Division
New 1st inert., road and lands, Central Div
New income bonds, Central Division
Atlantic <£• St. Lawrence—Stock ($5,458,552
stg.)..
1st mort. to City of Portland
2d
3d

[Vol. XXXV If.

1,353,231
4,883,435

1,786,901
6,499,981
270,09 1

3,662.576
10.537,201
573,528

.

acres.

Atlantic A: Pacllie.—(See
Act of Congress July 27, 1866.

Map.)—This company

was

chartered by

Tin* Western division is from
Isleta.near
Albuquerque, on Atchison Top. A Santa Fe, to Rig Colorado River, 571
miles, where it meets the Southern Pacific. Also the Central Divisou
finished from Sonera, M_>.,to Tulsa in the Indian
lYr’y, ion miles, ami
in progress west ward to a
..junction with the Western Division.
The Atcli. Topeka A Santa Fe and tin* Sr. Louis
A San Francisco
companies guarantee 25 per cent of the gross
earnings over their
respective lines on business to and from this road, one
year after its
completion, provided its own earnings are insuilieieut to
pay coupons




Stock, $600,000.

receiver (Jet.,

J. A. Rhomberg,
(\*. 37. p. 423.

President,

was

appointed

Bald ISajrle Valley.— Owns from Vail Station.
Pa., to Lockhaven,
Pa., 5L miles; branch, Milesburg. Pa., to BeUefonte.
Pa., 2*t> miles;
Snowshoe to Sugar Camp. 26*2 miles; total
operated. *0 miles. Opened
December 7, 186 l, and leased to
Pennsylvania Railroad Company tor 99
years.
The branch is the property of the lessors. Rental, 40
per cent
of gross earnings, and in 18 82 was
$182,805; p lid interest, $25,000,
and dividends (9 per cent), $70,504.
In July, 1883, 5 per cent paid.
Stock is $350,050 (par $50), and dividends are
paid according t >

earnings.

ASETAINOLCODKD



18

.RAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS,

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

DESCRIPTION.
For

explanation of column headings, Ac.,
on

lirst page

Miles

Date

of

of

Par

Road.

Bonds

Value.

see notes

of tables.

Bxltimore & Ohio—Stock

1,012

Preferred stock
Loan due in 1880, extended

....

....

Loan, 1853

.

4

.

.

do
1870 .sterling, £800,000, sink, fund
Baltimore loan. 1855-’90, sink, fund

.

.

Sterling mortgage, sinking fund
Sterling mortgage, sinking fund
Purchase of Connellsv. RR

411
421

(payable$40,000y’ly)

....

Loan,8tcr.,(s.f.£7,500) (B.O. A Ch.bds eollat’l)

Bonds (Parkersburg Branch bonds collateral)
Northwestern Virginia, 3d mortgage, 1855-85
Bonds to State of Maryland

Sterling mortgage
„

on

[Vol. XXXVII.

203
104
...

„

„

„

.

Philadelphia Branch

Baltimore <£• Rotomac—1st M (tunnel) gold, s. f. 1 p. e.
1st mort., road, gold, coupon, s. f. i per cent
2d mortgage, income, road and tunnel, reg
Belleville d El Dorado—Is t(int. guar. St.L.A.A T.ll.)
2d mortgage
:
Belleville d: South. III.—1st M. (inf. A s. f. guar.)
Belvidere Del,—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. A A.)
3d mortgage bonds of 1857 (
do
do
)
Consol, mortgage of 1870

Bennington d Rutland—1st mortgage

Berksli ire—Stock
Boston if- Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Bonds issued to State for its stock

...

-

01

-

04
07
59
22
309
....

*

"

"

*

or

1871
1871
3 875
1880
1880
1806

1877
1854
1857
1870
1877
.

.

1872
1875
1882

Outstanding

Rate per
Cent.

1,710,000

5
3
4
6

2.457,000

6

2,575,000
7,920,012
8.727,790
720,000

0
0

1879-0

579,500

3 853

1870
1855
1872
1874
1875
1877
1879
1855
1878

INTEREST OR DIVIDENDS.
Amount

$100 $14,792,500
100
5,000,000

....

1883
ID
89
90
52
52
50
64

.Size,

£100
£200
....

6

0
5

£200

7.74 4.000

1,000

3,000,000

6

140.000

6
6
4 lo
0

.

D

306.000

....

£200

1,000
1.000

1,000

1,000

ed, 430; branches lease,d—iryal tsville to Shepherd, Md., 13, Winchester
Harper’s Ferry 32, Winchester to Straslmrg 10. Strasburg to Harri¬
sonburg 50; total branches leased, 114; total B.AO. main and branches
553: leased, controlled and operated—Relay House to Washington
31,
Grafton to Parkersb’g, W. Va,, 104, Wheeling to Washington, Pa.,
32,
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 0, Mineral Point
to Johnstown 4G, Weavert’n to Hagerstown, Md., 21,
Harrisonburg to
Staunton 20, Broadtord to ML Pleasant, Pa., 10, Connellsviile to Uniontown, Pa., 14, Bellaire to Columbus, O., 137,
Sandusky to Newark, O.,
110, Pittsburg So. RR., 53, Newark, O., to Shawnee, O.. 4 L Chicago Junc¬
tion, O., to Illinois Junction. III., 203; total leased, Ac., 1,050; total
operated, 1,G 12 miles. The B. & O. is constructing a lateral road from
near Baltimore northward to be known as the
Philadelphia branch. It
will connect with the Balt. A Phila. Railroad now
being built through
the State of Delaware, by way of Wilmington, and so on to
Philadelphia.
Organization, Li:asks, Ac.—The corporation was chartered in Mary¬
land Feb. 28, 1827, and in Virginia March 8, 1827.
First section opened
May 24, 1830. The company was as-isted by loans from the City of
Baltimore. The relations with the auxiliary branches and leased roads
are complex, but the B. «fc O. virtually owns
nearly all of these'east of
the Ohio River, and the total charges for rentals and
guarantees are
moderate. In 1882 the stocks and bonds of allied companies held were
$24,379,700 (of which $7,185,070 were hold by trustees). The company
has been exceptional in not increasing its own stock or bonds for new
properties acquired, and the balance sheet shows a. nominal sin plus to
credit of income account of $1.3,9O7.058. Fiscal year ends
Sept. 30.
Stocks and Bonds—The pref. stock carries 0 per cent dividends
only.
The common stock has paid-in 1877, 8 per cciit ; in 1878, s in stock: in
1879, 4 stock and 4 cash ; 1880,9; 1881,10; 1882, i0; l>83, lo. The
price of stock in 1881 was 1K3??210; in 1882, 193« 202 ; in 1883, to
to

745,000

0
0
7
0
8
0
0
0

1,200,000

7

475,000

7

187-9*0.

1,000
1.000
500
500
1,000
1,000
100
100
1.000

Baltimore Sc Ohio.—Link of Hoad—The ii. A O. system embraces
numerous roads in Md., Va., Pa. A Ohio, which could
only be clearly
shown in the Sitpflkmhnt by a map.
By means of tlie Marietta A C in¬
cinnati, via Parkersburg, th<*. road has a direct route to Cincinnati.
Mileage is as follows: Bait, to Wheeling (main) 379-miles; Branches—
To Locust Point 5, Camden cut-off 1, Junction to Frederick
City 3, Point
of Rocks to Washington 43. Curtis Bay Br. 5 miles, Bridges 3; total own¬

1,500,000

3,000,000
2,000,000
220,000
330,000

....

....

12,000,000

1,053,000
1,000,000
499,500

Bonds—Princi¬

When

Where Payable, and bv
Payable
Whom.

M. A
J. A
J. A
A. A
M. A
g.
J. A
g.
g.
M. A
M. A
g.
J. A
J. A
g.
A. A
J. A
J. A
A. A
g.
J. A
g.
tr.
A. A
J. A
J. A
F. A
A. A
J. A
-* M. A
F. A
J. A
M. A

N.
J.
J.
O.
S.
J.
S.
N.
J.
I).
O.
J.
J.
O.
J.
O.
J.
J.
A.
O.
D.
S.
A.
J.
N.

5

Stocks—Last
Dividend.

Baltimore, Otlice.

Nov.

Balt., Merchants’ Bank.
Baltimore, Otlice.

At will.
1885
1895
1890
Meh. 1, 1902
1910
1883-1900
June 1, 1927

Baltimore, Office.
London.

London, Speyer Bros.
Baltimore, Office.
1,011...!. S. Morgan A Co.
Bair, AN. Y., I). M A Co.
Balt., Balt. AO. RR. Co.
do
do
London.
Balt, or London or N.Y.
Phila., Penn. RR. Co.
Baltimore.
N. Y. St. L A. A T. II.
do
do
N. Y., 37 Wall street.

Philadelphia, Pa. RR.
Philadelphia.
Philadelphia, Pa. RR.

Treasurer. Trei 11on,N. J.
N.Y., Union Trust Co.

A. A O.

1. 1883

July, 1883

do
do
London.

600,000
1%
Q.-J. Stockbridge, • Treasurer.
22,000,000 2A10 stk Q. -JBosion, Office.
5,000,000
7
F. A A.
do
0
2,000,000
J. A ,T.
do

3,858,000

pal,When Due.

April 1, 1919
1S85
July 1, 18S8

April 1, 1933
July 1, 1911
April 1, 1911
Jail.

1.

1915

July, 1, 1910
Aug. 1, 1920
Oct. 1, 1896
1902
1885
1887
Jan. 1, 1916
Nov. 1, 1907
July 2. 1883

Sept. 29, 1883
Feb.
July

do

1, 1892
1.

1895

April 1, 1902
..

/—Earnings, 1881-82—. ,—Darnings, 1850-81.—*
Gross.

Net.

Main Stem. Ac

Gross.

Net.

$10,550,570 $1,572,914 $11,122,259 $4,840,015
Washington Branch...
354,350
221,254
193.533
353,570
02 1,095
Parkersburg Branch
108,071
712,158
72,422
Gentral <)hio Division.
987,402
314,932
1,000,025
228,207
Lake Erie Division
940,709
234,701
899,791
112,373
Chicago Division
1,092,007
440,107
453.009
3,038,001
Pittsburg Division.....
2,079,789 1,542,125
2,500,548 1,124,473
Wheeling Pittsb. & B,.
59,380
1,150
53,557
1,094
Newark S. A S. Rlt....
188,937
13,078
177,30 4
41,548
..

.

Total
$18,383,875 $7,454,002 $18,403,877 $7,073,398
The aggregate working expenses of.the Main Stem, with all branches
and divisions, were 59-44 per cent of the whole gross revenue,
against
01*09 per cent the preceding year. Results of
operating all lines owned
and controlled for tlie live years 1877-82 :*
Years.
Gross Earnings.
Net
Operating Expenses.

$13,705,279

1878-79......

Earnings.
$5,995,978
6,502,385

$7,709,301=50-44 p. c.

14,193,980

18,317,740
18, J 03,877

7,091,595=54-18

“

10,330,770=50-39

“

11,390,179 = 01 09

“

7,980,970
7,073,398
18.383,875
10,929,213^5914
7,454,602
—(V. 31, p. 1, 00. 110; V. 35, p. 130,430, 589, 6)0. 003; V. 36. p. 426.)
Raltiniore Sc Potomac.—Owns from Baltimore. Md., to
Bowie,
Md., 21 miles; Bowie to Pope’s Creek, 49 miles: branch—Bowie to
Washington, 1). C., 17 miles; total operated, 90 miles, including
tunnel in City of Baltimore. The road is controlled by
the Pennsyl¬
vania Railroad Co., and first mortgage bonds guaranteed
by Pennsyl¬
vania and Nort hern Cent ral. Capital stock, $3,553,250, Gross
earnings
in 1881, $900,132; profits. $125,508.
Li 1882 gross earnings, $1,097,008; net $300.-80; interest, Ac.. $272,452; profit, $33,833. Income
bonds wholly held by Penn. RR. Co.
Ilelleville Sc El D*>ratio.—An extension of Belleville & So. Illinois
from Du (.Juoiu to El Dorado, 52 miles, and leased to St. L. Alton A
Terre
Haute.
Rental 30 per cent of gross earnings up to $2,500
per mile, and
last Saturday, 1921*2®205.
15 per cent on all above, that amount.
Rental received for 1881,
The Baltimore A Ohio direct bonds of
1879 on
Parkersburg $11,010; 1882, $22,200. Stock, $1,000,DQ0.
Branch are secured by deposit of mortgage on that road. The sterling
Ilelleville A Southern Illinois.—Owns from
mortgage of 1883 is male to William F. Barns, John Gr-'gg and T. Har¬ I Dmptoin, III., 50 miles, it was leased (>ef. 1, 1800, to theBelleville, Ill., to
Sr. Louis Alton &
rison Garrett, trustees. Tin* bonds of l 877. due 19 -’7. are sccaivd
by Terre Haute Railroad Co. Lease rental 40 per cent olv gross earnings
the mortgage bonds of the. B. O. Ar Chic, rot Id 'po-ite l as roll
iter.l.
up to $7,000 per mile,(except on coal. Ac.), 30 per cent above $7,000 and
Opkkations, Finani KS. Ae.—Tin* liseal year ends with Sept. .50, an l up to $14,000 per mile, ami 20
per .cent on any excess of $11,000 per mile.
for 1881-82 an abst raid of I ho report wasgiwn
in the UnhONua.K. Vol. Rental for 1880, $1.47,3 I b; for 1 881, $1 10.062 ; for 1882,
$107,990. In35. page (!<)(). Tile reports do not contain a condensed 'sta'eun nt show- teivst on
boiuls and sinking fund $5,000 per year, guaranteed by lessees.
ingthe earnings of all the lines on freight. passenger and other bnsi
Common stock, $ 130,000; pref. 8 per cent stock, $1,275,000, lion-cumu¬
ness separately.
The income itecounl of the B. A- (). RR. Co. slimvcil a lative. Dividends on preferred stock past three
years have boe-u—3%.
balance of $1 ,0 18,978 for t lie year 1 ss 1 -s-j, afte.r
p tying all ehargos ami
May, 1^8:’,; 5 bj-in 1 os j ; Ogiu 1881.
20 per cent dividends on its stork, and this bal
jure was presumably
SSelv Micro helawaro.--Owns from Trenton, N. J., to Manunka
invested in auxiliary companies. The account in dot lit was as
follows:
Chuuk. N.
07 miles; Aliliham Cut-off, 1 mile,
Flemmgton. RR., 12
Net earnings from transportation.
:
$1,572.91 1 I miles; lota! operated. so miies. Leased to United Companies, and transReceipts from other sources—
| ferred to Pennsylvania RR. March 7. 1.870, by which operated as their
Dividend of 10 p. c. for year on Wash. Br. stock
$102,800
j Belvidere Division, and net earnings paid over as rental ; but the first,
Tncrcmcnt from city loan sinking fund, net amount
2-8779
second
and third bands are guaranteed.
In 1881. net earnings were
House rents received during liseal vrjir
.19.29*
$179,007, and interest payments $J61,050.
In 1882, net $500,455;
Increment from sinking fund, W. C. A P. L. Bit
5.155—
15b,030 i iliVresi, -821 id,022. Capital stock, $99 l,000.
Available revenue
ISeiiiiiiigloii A Kill laud.—Owns from Rutland to Bennington,
$ 1,72 897 l I Vt..
57 miies; bram-ii. No. Bennington to Ne.w York state Line, 2 miles;
I'agtncnfs—
total, 59 mill's.
Chartered as VV--U. Vermont in is 15, and consolidated
Dividends 10 per rent
$1,178,355
in Harlem Extension in 1.870. Since Sept. 10, 1877. the Vermontdivision
Interest and taxes..
$3,052.01 1
(as above) operated b.v tlie re-organized Bennington A Rutland.
Less cash receipts and net earnings of
Stock
$1.000.000 authorized (par $50). and $502,009 issued, and bonds $475.B. & O.cVC. i;k
1.720.508—1.331.1 17
000.
In lsSl gross, earnings $2L2,73l; net $49,570; in
Ground rents
1882, gross
38.4 51
Rental of Winchester A Potomac RR.
$222,963; net. $7 1,15 3. 3 pel* cent paid Jan. 12, ISS3.
$27,000
Do
Winchester A Slrasluyg RR
Berkshire.—Owns from Connecticut State lane to West Stock5,229
Do
Straslmrg A Harrisoub.RR.
89.250
bridge, Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
Do
W.City A Pt. Lookout RR..
30.000157,479
I C impany at 7 perct. on capital stock. $000,000. Lessors pay taxes, Ac.y
Central Ohio Division..;
30.058
i and lor t his reason the quarterly dividend due in Get. is usually omitted.
Straits villi' Division
1
43.003 -3,079,900
SSoston A Albany.—Owns from Boston, Mass., to
Albany, N. Y.,
| 2.02 miles; Springiield lo Athol, Is miles; numerous branches, 48 miles;
Balance, credited to profit and loss
$1,048,978 leased lines. 71 miles ; total operated, 309 miles. The Boston A
_An abstract of the last annual report is given in 1110 Cmuonu.’I.k, Vol. Albany was formed (Dee., ls67) by the consolidation of the Boston
35, p. 000, and contains the following remarks: “ It is shown
by the A- Worcester and the Western railroads. The live per cent bonds of 1882
report of flic Transportation Department that the tonnage of through
were issued to the state of Massachusetts in
exchange for 24,115 shares
merchandise cast and west has been 2.013,227 tons, whilst in the
of B. A A. stock held by the Stale, and in September, lss3, a stock''divi¬
pre¬
ceding year it was2,0ll,l 10 tons, and 1.980,397 tons in \ 8so. and 1.125,- dend of 10
per cent was'made to stockholders.
In 1881 and 1SS2 the
029 tons in 1879, 007.038 barrels of flour and 8.313.210
bushels of grain ! loss in net receipts was partly owing to the tierce
competition between
were brought to Baltimore
during the fiscal rear. Of t liis aggregate of j the trunk iines, which reduced the
rates on through traffic.
The last
grain 0.580,814 bushels were of wheat and 591,719 bushels were of
| annual report was in V. 35, p. 037. Results of operations for live years
co i n. The large fallingotl
pi t he 1 ransport at ion of grain as compared wit Ii j were as follows1:
tlie ]>reecding year arose from the
general dctieiency in thccro]>sol
thi' country, and from the operations of
speculators, which caused the
Years.
Miles.
Mileage.
Mileage
Receipts.
Receipts.* p. ct
prices to advance to such figures as largely reduced the exports from
322
101.221,955 329.70S.573 $0,033,534 $2.219,530
8
the United States to Great Britain,
France, Germany, Belgium, the
32 l
101.2 18.321
325, IS f.799
0,427.403
8
2,703,038
Netherlands. Ac., and caused all countries consuming grain
to seek it
373
1 13,15 1.37 1
3/5,152,80 1
2. 192,618
7.741,118
8
else where.”
1 sso-l.. 373
135. 121.102 -117,108.012
7,875.285
8
2,180.873
The gross and net earnings of the main stem and its
branches, and of 1881-2.. 369 151,255,032 3 17,317,338
8
the other divisions, lor the last liseal
7,790,372
2,189,381
*
year, as compared with 1889-81.
Net receipts include income from rents. Ac.
were as follows:
(V.*35, p. 235, 515. 037 : ^ 37, p. 342.)




1881-82

..

...

•

.

,

,

.

j.

ii

’

’v

n-,i

i

.

'

<2r

October,

KAILROAD

1883.]

confer a great favor by giving

Subscribers will

first page

19

BONDS.

immediate notice of any error discovered In tbese

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.

of tables.

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

stock..
$540,400

Sinking fund bonds

Consolidated mortgage bonds (for $2,000,000)
Improvement mortgage bonds
Bost.Hoosac Tun.d West.—Debenture bonds
Boston d Lowell—Stock
Bonds
Bonds

.

-

-

.

...

-

.

1881

1858
1873
1881
1883
1872
1875
1876
1879

1st mortgage
Boston d Providence—Stock

Bonds to purchase branches, coupon or registered
Bradfoid Bordetl d Rinzua—1st mortgage

Bradford Eldred d Cuba—1st mort
Brooklyn Elevated— 1st mort., gold
Receivers’ certitic’s, payable in cash or 1st M. bds.
Brooklyn d Mon tank—Stock ($1,100,000 is prof.) ..
South Side, 1st mortgage
New mort. ($1,000,000), guar, by L. I. RR., gold.

54
50
68
41
54

85
54
85

m

_

118877--029902..

1873-4

500 &c.
100

1880

1,000

1867
1881

5 & 7

A. & O.

Worcester, City Nat. Bk.

3
6
3
•

1,000

6

6
4
7
O

500.000

5

4,000,000

4
7
6
6

390.000

500,000

ioo
1,000

Boston Barre A: Gardner.—Owns from Worcester to Wincliendon,
Mass., 37 miles. Stock, $875,277. Interest has been reduced to 5 per
cent. Gross receipts in 18^0-81, $174,(588; net, $18,377. In 1881-2,

6 g.

1,150,723

Boston, Office.

Stocks—Last
Dividend.

April 1.
July 1,
July 1,
May 15,

1893
1895
1895
1883

1889 *
J.
Boston, Office.
1893
do
do
O.
1911
do
do
J.
1913
New York.
S.
J.
July 2, 1883
Boston, at Office.
do
do
O.
April 1, 1892
March 1,1895
do
' do
8.
do
do
J.
July 1, 1896
do
do
J.
July 1, 1899
Oct. 1, 1897
do
do
O.
Oct, 1, 1898
do
do
O.
N.
May 15, 1883
M.
Boston, at Office.
do
do
Ian.,1893 & 94
J.
J.
A.
O. N.Y., N.Y. N. II.it II. Co. Oct, 1, 1883
do
do
A.
F.
M.
N.
May
Boston, at Ottice.
do
do
J.
J.
July 1, 1893
J. Sc D. N. Y., Marine Nat. Bk. June 1, 1932
Jan. 1, 1932
New York.
J. & J.
New York.
M. Sc S.
Sept. 1, 1917

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

&
<fc
&
Sc
Sc
&
Sc
&
&
&
&
&
&
Sc
&
Sc
&

>

1,'

1883-*

1,456,000

2,000,000

500 Sec.

•

7
7
6
5

7,000,000
3,500,000
2,970,060

J

-

do
do

do
do

J. & J.
M. & N.

212

500,000

1.000
1,000

•

When

....

6
6 & 7
6
5

750,000
620,000
200,000
226,900

ioo

1873
1882
1881
1879
1881

1879-20

2.000,000
3,792,000
999,500
500,000

m

100

624,000

1,932.400
500.000

1,000
1,000
m

Payable

186,300

1,000,000

pal.When Due.

Payable, and by
Whom.

57,300

500

203

prof, (guaranteed)

$390,000

Where

Tables.
Bond8 —Princi¬

Rate per
Cent.

800,000

100
100 &c.
200 Sec.

1.40
.

-

ioo

167

160
166

Amount

Outstanding

$100&c.

38^

Bonds

Bonds
Lowell Sc Lawr., bonds.
Salem Sc Lowell, bonds
Bosion d Maine—Stock
Bonds, coupon and registered
Boston d V. Y. Air-Line—Stock,

AND

INTEREST OR DIVIDENDS.

DESCRIPTION.
on

STOCKS

750,000
250,000

ton Sc

_•

_

7
6 g.

>r. &
M. Sc

s. N.Y., Corbin
do
S.

do

Mar. 1, 1887
Mar. 1, 1911

-

Lowell and the Concord RR., but from

been under

Bank’gCo.

February, 1883, they have

separate managements.

Gross
Miles. Receipts.
87
$1,198,9(52
87
1.399,316
140
1.872.656
1 10
2,085,622

-Payments—

Net

Receipts.

Rentals.

Int. & rnisc. Div.,p.o

receipts, $187,280; net, $ 18,800. (V. 33, p. 200.)
$67,598
$161,890
3
$392,580
259,318
4
4,292
422.(598
Boston Concord Sc Montreal.—Owns from Concord, N. II., to
133.690
298,057
4
Wells River, N. II., 94'miles; branches—Wells River, N. II., to Groveton
584,269
4*2
345,105
151,808
Junction, 51 miles; Wing Road to Mt. Washington, 22 miles; total
675,345
operated, 1(57 miles. An extension of the White Mountain Railroad —(V. 35, p. 160.)
from Littleton to GroVeton Junction is mortgaged.
The old pref. stock ($800,000) has received 3 per cent semi-annually,
Boston
Sc Maine,—Owns from Boston,
Mass., to Portland,
amounting to $48,000 a year. Neither the new preferred nor the com¬ Me., 115 miles; brandies, 11 miles; leased—Wakefield to Danvers, 10
mon stock has received dividends.
miles; Lowell to Ballardville, 10 miles: Bradford to Ncwburyport and
Of the sinking funds due in 1889, there are outstanding in the hands Danvers, 27 miles; West Ameslmry to Newton, Mass., 4 miles; Dover,
of other parties. $202,000, on which interest is paid, the trustees holding N. II., to Alton Bay, N. II., 29 miles; total operated, 206 miles, less 3
$309,000 au<l the corporation holding $11(5,000 on which no interest is miles leased. In March, 1883, voted to lease the Eastern RR. of Massa¬
chusetts on terms as stated briefly under Eastern; the lease will prob¬
paid.
The annual report for 1882-3 said: “Were it not for the accidents
ably be consummated after legislation lias been obtained. The fiscal
which we were so unfortunate as to sutler at the commencement of the
year ends .Sept. 30. The last annual report was in V. 35, p. 636; earn,
year, our running expenses would have been considerably less, and our
ings, <fcc., were as follows:
net earnings would, without doubt, have shown a material increase
Gross
Expenses
Net
Outside Av’il’blc Div.
over those of the preceding year.”
Sc Taxes.
Earnings. Receipts. Revenue, p.c.
Years.
Earnings.
Fiscal year ends March 31. The earnings, expenses and available
$83,717 $825,091 6
$2 100,741 $1,359,3(57 $741,317
revenue for four years has been as follows:
1,354,755
795,102
88,9(54 884,0(56 6
2,149,857
Available
Gross
Expenses,
1,511,018
927,252
94,382 1,021,634 7^
2.438,270
Revenue.
Taxes.
Ac.
Miles.
Earnings.
Years.
1,749,856
86,300 937,659 8
851,359
2,601,215
$
177,251
$200,871
167
$678,123
1879--80
1,929,854
838,472
82,404 920,876 8
2,768,326
211,383
586,172
797,556
167
1880--81
—(V.
35,
p.
21,
636;
V.
311,
574,
36,
p.
365,
675.)
233,745
669,157
167
902,906
1881--82
222,544
167
697,651
920,195
1882--83.1
Boston Sc. New York Air Line.—Owns from New Haven, Conn.,
to Willimantie, Conn., 50 miles; leased, Turuerville to Colchester, 4
-(V. 36, p. 560, 622, 675.)
miles; total operated, 54 miles. Formerly the New Haven Middletown
Boston Hoosac Tunnel Sc Western.—Owns from Massachu¬ Sc Willimantie. A lease was made in Oet., 1882, to the N. Y.N.II.& Hartf.
setts 8tate Line to Rotterdam (.junction of N. Y. West Shore & Buffalo
RR for 99 years at 4 per cent dividends per year on the pref. stock and
RR.), N. Y., 62 miles, and leases branches to Saratoga and to Sclmyler- interest on the bonds; the common stock is $830,800. On the road, the
The road connects with the line gross earnings were $305,111 in the year ending Sept. 30, 1882, and net
ville, N.Y., 26 miles; total,88 miles.
In March, 1883, all property $172,154. (V. 35, p. 21, 78, 297, 320, 371, 404, 455, 637; V. 36, p.
running through the Iloosae Tunnel.
and lights west of Hoffman's Ferry (10 miles west of Schenectady)
453.)
were reported as sold to the N. Y. West Shore & Buffalo for $100,000
Boston Sk Providence.—Owns from Boston, Mass., to Providence,
cash and $700,000 stock of the N. Y. W. S. & B.
R. I., 44 miles; branches,20 miles; leased, Attleborough to North Attle¬
Tin', work of construction was done under contract by the Continental
4 miles; total operated,68 miles. The company have valuable
Construction Sc Improvement Co. (120 Broadway. New York), and a cir¬ borough,
depot properties in Boston. Notes outstanding September, 1882, were
cular dated August 4, 1883, issued by that company contained the fol¬
8360,000, due in 1882-3-4-6. (Annual report in Chronicle, V. 35, p.
lowing :
544.)
By the terms of the subscription of May, 18s l, to $10,000,000 of the
Gross
Net Traffic
Divi*
capital stock of the (Continental Const ruction Sc Improvement Co., it was
Years.
dends.
Earnings.
Earnings.
uovided: 1st.—That for each $l.ooopaid in on $2,000 Construction
$355,748
$1,304,520
8
8o. stock subscribed for, a bond of $ 1,000 of the Boston Iloosae Tunnel
1,419,313
395,403
8
Sc Western Railway was to be delivered, but placed in the hands of trus¬
1,584,839
352,330
8
tees.
2d.—That tlie remaining 50 percent of such subscriptions could
—(V. 33, p. 561 ; Y. 35, p. 544.)
be called in by the company, as required and that every payment of
$1,000 would entitle the subscriber so paying to another bond as
Bradford Bordell <fc, Kinzua—(3-foot gauge)—Mileage from
described, which was likewise to In*, placed with trustees.” *
* * Bradford, Pa., to
Simpson, Pa., 15 miles; Kinzua Junction to Bordell,
“After protracted litigation it has been determined under a decree of
3 miles; Rew City to Eldred, 12 miles; Simpson to Smethport, 11
the Supreme Court of the State of New York that the Boston Iloosae. fun.
miles ; total, 41 miles. Stock is $500,600, par of-shares, $100.
Gross
& West. Railway Co. (as consolidated under articles of April 11, 1881) is
earnings in 1882, $96,133; net, $18,445. John J. Carter, Titusville, Pa.,
an illegal organization, and all securities, bonds or stock issued by it
The decision affirms the Pres’t.
and contracts made, by it are, illegal and void.”
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
validity and legality of the corporation as consolidated under articles of
agreement dated April 19, 1880, known as the Boston Iloosae Tunnel Sc and Wellsville, N. Y., and branch to Richlmrg, and Cuba to Little
Western Railway Co. A new contract has been made by which the Genesee, 54 miles. Stock, $480,006. Gross earnings in 1881-82, $153,Construction Co. agrees to complete the railroad to a junction with tin* 043; net, $66,728. R. G. Taylor, President. There arc also 2d mortg.
New York West Shore & Butfalo Railway, at Rotterdam, N. Y., a point bonds for $60,000, 6s, due 1885. V. 35, p. 706.
about 22*2 miles southwest of Meehauiesville, N. Y.; and in partial set¬
Brooklyn Elevated.—Receivers were appointed October, 1880,
tlement of indebtedness due and recognized by the decree, the Construc¬
tion Company become possessed of $2,000,o00 debenture bonds of said and a compromise effected March 1, 1881, by which reorganization
Boston Hoosac Tunnel Sc Western Railway Co. and $6,000,000 stock as was to be made and stock and bond scrip were, assessed. There were
•represented by trustees’ certificates. It is also proposed to exchange the outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
All were
stock of this company upon which 85 per cent has been paid for full scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
paid certificates of such stock upon the basis of 85 shares full paid stock assessed 20 per cent and $3,500,000 6 per cent mortgage bonds, and
for 100 shares upon which 85 per cent, has been paid. This exchange is also income”bonds, were to be issued. Capital stock of new company
not compulsory. The Construction Co. otters for sale to its stockholders was $4,000,000 authorized. There was some failure in the plau, and ill
who have paid up 85 per cent, the $2,000,000 5 per cent debenture bonds July, 1882, a new agreement* was proposed, and the affairs are some¬
of the Boston Hoosac Tunnel Sc Western Railway Co. and $4,000,000 what mixed up. J. R. Lydeeker and S. M. Schafer, receivers, 48 Wall
stock represented by certificates of trustees; and the terms of sale are Street, New York. (V. 34, p. 203, 290; V. 35, p. 102.)
as follows: Each stockholder of record on August 10 is entitled to sub¬
Brooklyn Sc Montauk.—Brooklyn to Eastport, L. I., 67 miles;
scribe upon every 50 shares held, to a block consisting of $1,000 5 per
branches to Fresh Pond Junction, 2 miles; to Rockaway, 9 miles;
cent debenture bond and $2,000 stock, at a fixed price of $(550 for such
total, 78 miles.
This was first the South Side Railroad of Long
block. The debenture bonds are redeemable at will prior to maturity
Island, which was foreclosed Sept. 16, 1874, and reorganized as tho
and may be converted into mortgage bonds if any are hereafter issued.
Southern of Long Island. On June 3, 1879, the property was again sold
—(V. 35, p. 21, 51, 211, 265, 393 ; V. 36, p. 29, 80, 284; V. 37, p. 151.) in foreclosure of the second mortgage, and this company organized.
The preferred stock has a preference of 7 per cent, not cumulative.
It
Boston Sc Lowell.—Owns from Boston to Lowell, 27 m.; branches—
is leased to the Long Island Railroad for 50 years at 25 per cent of the
Salem Sc Lowell, 17 miles; Lowell & Lawrence, 12 miles; others, 19
net earnings of the whole Long Island RR. system, including its leased
miles; leased—Middlesex Cent, and branch, 12 miles; Nashua Sc Lowell,
lines. No rental had been paid up to June, 1883, tho lessee claiming to
15 miles; Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peter¬
have expended all the income on improvements. The new mortgage
borough Railroad, 10 miles; total leased, 65miles; total operated, 140 for
$1,006,000 is to take up the first and balance issued lor extension
miles. The Lowell A Lawrence and Salem A Lowell railroads, operated
to Moriches; it is guaranteed l>y L. I. RR. as to interest on $750,000,
for some years under least', were purchased and consolidated in 1879,
and both principal and interest on the $250,000.
F. D. Tappan, Presi¬
the Boston & Lowell assuming their bonds, which cannot be paid off
«
before maturity. A joint business was formerly done between the Bos¬ dent, Daniel Lord, Secretary, New York City. (V. 32, p, 526.)
gross

“




Years.

t,

&

t

\

20

RAILKOAD

Subscribers will confer

a

STOCKS

AND

JBOKDS.

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

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

Ac.,

see notes

Brunswick & Western—1st mortg. (for $3,500,000).

Buff. Hr ad.<& Bills.—lieu. M.Jincl. 10,000
Buffalo New l'or/c & Eric—Stock

ac.

I’d)

171

1S83

142
140
657
657
121

common

2d mortgage

12 1

Consol, 1st mortgage, gold
Trust mort., gold (secured by collaterals)
Buff. Pitts. A W., M. bds (for $7,500,000coup.)
do
1st mort. (W. A F. KH.)
do
1st M.(OilCr. RR.) renew’d, ’82..
do
1st mort. (Uu. A Titusv. RR.)
do
2d mortgage (Pitts. T. Sc 13.)

Buffalo <£• Southwestern.—Stock (one-lialf of it pref.)
1st mortgage bonds, gold
Burlington C. Rapids <£ Northern—Stock

1st mortgage
:.
Iowa City Sc Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls Sc N. W., 1st mort., gold, guar,
do
1st M., gold, guar., red. after 9 J.
California Pacific— 1st mortgage, gold
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3
p. c.)
California Southern — lstmort. ($25,000 per mile).
Camden iC Allantic—Stock (.$880,050 of it pref.) —
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1870
Consol, mortgage (thirty years)
—

.

205
274
50
38
25
120

67
67
713
369
73
55
182
114
114
114
132
78
78

1876
m

1871
1878
1881
1882
1881
1865
1862
1870
1876
....

1877
1876
1879
1880
J 881.
1867
1871
1875
1882

-Amount

$2,000,000

1,000

580.000

«
7

100

950,000

3^

1,000

2,380.000

When

Payable

A J. N.Y. Office, 35 Win. St.
A J. New York, Erie Ollice.
J. A D.
N. Y., Erie Railway.
J. & D.
do
do

ih

1,000
500 Sea.
100 Ac.

943,800
1,500,000

....

1,000
100
100 Ac.

6 g.
6 g.
7
6
7
7
3 b>

on

1,000

490,000
497,000

1,000

225,000

6

1.000

825,000
1,965,000
2,250,000

1,000

1,600,000
3.000,000

500

1,000

3.300,000
1,258,050

1,000

M. A N.
A. A O.
E. tfc A.

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

N\Y.,Farm’rs’r.ATr.Co.
Phila.. E.W.Clarke A Co.
Phila., Co.’s Ollice.
Phila., E. W.Clarke A Co.
Phila., Manners’ N. Bk.

pf.

0 g.
5
7
6
5
7
6
3 A
6
4 A
7
6

1,000

A ,T. N.Y.,Farm’s’ L.A Tr.Co.
Q.-M. Buffalo, F.A M. Nat. Bk.
T. A J.
N. Y., U. S. Trust Co.

J.

6 g.

5,500,000
6,500,000
581,000

1,000
1,000

Q.-M.

6 g.
7 g.

1,000,000
7,000,000
2,800,000
4,003,000
1,500,000
573,000
500,000
924,000

1,000
1,600
1,000
1,000

Whom.

J.

7

13,000,000
6,000,000
3,000,000

Where Payable, and by

J.

■

50
50
500 Ac.
500 Ac.

50

1853
1854
1881

Rate per
Cent.

Outstanding

$500 Ac.

....

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

26

First mortgage

Buffalo N. I. iC- Philadelphia—Stock,
Stock, preferred
1st mortgage, gold

[VOL. XXXVIL

g.
g.

g.
g.
g.

6

I.

A I). N.

J.
M.
A.
A.

A
A
A
A

J.

A

J.
J.
J.

A
A
A

J.

A

3
g.

A. A

A

J.

Y., First Nat. Bank.

D. N. Y.. Central Trust Co.
S.
do
do
O.
do
do
O.
do
do
J. N.Y.,Eugene Kelly A Co
J. N. Y., Nat’l Park Bank.
J. X. Y., Cent. Pacific RR.
J.
Boston.
Camden, Co.’s Ollice.
J. Phila., Farm. A M. B’k.
O.
do
do
J.
do
do

pal,When Due
Stocks—Last
Dividend.

Jan. 1, 1913
Jan. 1, 1896
June 1, 1883
Dee. 1, 1916

Sept. 25,

i883

July

1, 1896
Dec. 1, 1908
July 1, 1921
Nov., 1, 1922

April 1,
Feb. 1,
Apr. 1,
July 1,

1921
1896
1912
1890

Feb.

1, 1896
Oct., 1883

July 1, 1908
June

1. 1906

Sept. 1, 1909'
Oct, 1, 1920
Oct.
Jan.
Jail.

1,

1924

1, 1887
1, 1891

July, 1905
Jan

1, 1922

Nov., 1882
Jau.. 1893

Oct., 1, 1904

July 1, 1911
%

Brunswick Sc Western.—From Brunswick to
Albany, 171 miles?
and S3 miles projected to Columbus, (la.
This was formerly the Bruns¬
wick Sc Albany, and the present company has $3,500,000
pref. stock,
and .$1,500,000 common.
Mr. Fred. Woltfe in New York and a
syndi¬
cate in Frankfort have taken most of the securities.
An extension of
63 miles, Albany to Chattanooga River, is
proposed, on which $1,500,0 )0
bonds will be issued. Cross earnings in 1882,
*293,-174; net, $81,502.
Fred. Wolfe, President, 35 William Street, New York.

ments since organization : “ The sum thus
tion of the company to the clo-m of the

expended since the organiza¬
present fiscal year amounts in the
aggregate to $1,743.1 -1. While the stockholders, for reasons stated,
have not re- eived dividends upon their stock, the
surplus earnings thusexpended have provided for t hem n railway with equipment equal to
other tiest-elass lines in Iowa,”
*
*
*
“ The
company owns 33 miles
of road, exclusive of the ( linton
Division, upon which no encumbrance
exists; the Pacific Divjs on. from Tracr to Holland, 23 miles; the main
line from PIvmoutli Junction to
Manly .Junction, and from North wood to
Buffalo Bradford Sc Pittsburaj.—Owns from
Carrollton, N. Y. Minnesota state Line, a distance of 10 miles. These extensions were
to Gilesville, Pa., 26 miles. Completed in I860, and leased
to New
made by tin1 company and pa d for out of
surplus earnings. At the
York Lake Erie Sc Western for -191)
Rental. 7 per cent on out¬
years.
time of the organization of the present
company lny the bondholders
standing bonds, $10,600 a year. Capital stock, $2,286,100.
of tlie Burington led ir Rapids A Minnesota
Company, a bonded indebt¬
edness of 86. -06 o;><) was created, and the
capital stock of the new com¬
Buffalo New lork Sc Erie.—Owns from
Buffalo, N. Y.. to Cor¬ pany was limited by its articles of incorporation to
$16,000,000. The
ning, N. Y., 112 miles. Leased in 1863 to the New York Sc Erie for statute of lowu
provides that corporations formed for pecuniary profit
400 years, and now operated by the New York Lake Erie
Sc Western
must not incur an indebtedness at
any one time in excess of two-thirds
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and
$5,000 of their capital stock. In consequence of the limitations thus
for organization expenses. Dividends and interest
imposed
paid directly by the by the statute,'t.he bonded indebtedness of the
lessees. Capital stock, $950,000, and funded
company cannot lie
debt, $2,380,000.
increased in excess'of $1.66,OUO over and above the amount
originally
created, fveept by an increase of capital stock, and with
Buffalo New York Sc Philadelphia.—A consolidation in
$1,500,000 of
tin* capital stock already provided for still
Feb.,
1883, of the Buffalo N. Y. Sc Philadelphia, the-Bulfalo
remaining in the
Pittsburg Sc West, treasury and that issued quoted below par in* the market, it company’s
is deemed
and Oil City Sc Chicago.
Mileage, as follows: Buffalo to Emporium, 121 inexpedmnt to provide for
an increase of capital stock
miles; Bradford to Riehburg, 39 miles; Clean to Bradford, 23 miles;
simply for the
pm pose of enabling the company to increase, its bonded indebtedness.”
Larrabeo to ClertnoiP, 22 mites; Rochester to Clean, 106
miles; Brad¬
For eight months of 1883 gross earnings were
ford to Kinzua, 28 miles; Buffalo to Oil
$1,709,367, net $157,City, 13.) miles; Oil City to
Salamanca, 97 miles; Newcastle to Stonebo'ro, 36 miles; Titusville to 091; against $1,714,597 gross, and $557,032 not in 1882.
Union City. 25 miles; Nuuda to Swain’s, 9
OPERATIONS AND FISCAL RESULTS.
miles; branches io coal
mines, 12 miles: total operated. 657 miles.
Operations—
1881.
In the consolidation the capital stock of the new
1882.
company was mad *
Passengers carried
439,508
584,740
equal to the. sum of the capita's of the several companies, the new com¬ Passenger
mileage
14,876,355
27,277,487
pany also assuming all tin* liabilities of each
company merged. The
Rate per passenger per mile
2\83 ets.
holders of the common and preferred stock of tli * Buffalo N.
2*34 ets.
Y. A Phila¬
Freight (tons) moved
1,716.182
2,225,655
delphia Ry. Co. and the Clean A Salamanca RR. Co. received 20
Freight (tons) mileage
per
cent additional stock in kind, which was
127,994,018 199,087,992
paid out of the stock then in the
1-392 ets.
1*196 ets.
treasury of the Buffalo Pittsburg A Western RR. Co. The stockholders Average rate per ton per mile
Earnings—
of the Buffalo Pittsburg Sc Western RR. Co. and of
the Oil Citv A Chicago
Passenger
RR. Co. (other than the B iffa'o P.ttsburg Sc Western RR.
$122,01 1
$639,506
Co.) rec. ive Freight
share for sha-e. Too Buffalo Pittsburgh Western RR. Co.
1,782,521
2,092,679
received share Mail, express, Ac
for share for all the stock of the Oil
51,501
68,197
City A C.iieago RR. Co. remaining
in their treasury atterd- ducting the 20
per cent paid to the stockholders
Total
gross
earnings
of the Buffalo New York Sc Pnila. Ry. Co. and the Clean
$2,259, 38
$2,800,682
Sc Sal. RR. Co.
Total operating expenses
3 ,626,850
The consol, mort. is lor $L 1,000.000, of which
(including taxes).
1,883,681
$4,000,000 is reserved
for prior liens, and it covers 205 miles of new road
and the old 121 miles,
Net
earnings
and 16,000 acres of coal lands owned
$632,186
$917,001
by the Buffalo Coal Co. The trust
bonds due in 19:2 are secured by $500,060 tir.-st
INCOME ACCOUNT.
mortgage bonds of the
Rochester Terminal Co. and $70 MUM) of the first
Rcceints—
1881.
1882.
mortgage bonds of the
Net earnings
Clean Sc Salamanca RR., and $1,600,000 first
$632,188
$917,001
mo:tgage bonds of the Cil Other
Sc
Chicago
City
RK.
receipts
59,190
78,057
In
recommending the consolidation, the annual report of the
Buffalo Pittsburg A Western for 1882 said: “Your
Total
income
board recommend
$69 i ,376
$995,053
that this agreement be ratified by the stockholders of the
Disbursements—
Bulfalo Pitts
burg Sc Western Railroad Co., because ir will prevent < ompetition in the
$124,562
$481,624
largest item of freight transported by either company—bituminous coal. Construction aud
improvement
198,270
71,965
In 1881, when the t wo systems were in
competition, the Buffalo Pirtsb. Equipment
280,459
368,502
.

-.

......

........

.......

-

........

........

........

.

Sc Western RR. Co. carried about 35 per cent of the total
coal tonnage.
In 1882, when the two systems wore under the
same management, t he
tonnage was equally divided; and while the total tonnage increased 20
percent in 1-82 over Lssl.the tonnage of the. Buffalo
Pittsburg &
Western RR. Co. has increased over 40
per cent in the same time.
Bet¬
ter rates of freight have also been obtained.”
The combined earn ngs in 1882, piior to the
consolidation, were (on
-395 miles) $ *,516,< 3!); net
earnings, $l,271.3;d»; interest charge,
$869,155; smplus, .$ 101,911. The interest charge on all bon is is no,v
about $1,317,000. (V. 35, p. 478; V.
36, p. 55, 169, 195, 251, 179, 559.)
Buffalo Sc Southwestern.-Owns from Bulfalo
to Jamestown,
N. Y„ 67 miles.
Formerly the Buffalo & Jamestown; reorganized
in 1877 after foreclosure.
In July, 1880, leased to N6w York
Lake
Erie Sc Western for 99 voars—at 35
per cent of gross earnings, but
interest on bonds guaranteed. First dividend
Jau., 1883. (V. 35, p.

Burlington Cedar Rapids Sc Northern.—Owns from Bur
lington, Iowa, to Aloert Lea, Minn, (including 11 miles leased), i>52
miles; branches-Linn. la to Postville, la., 91 miles; Muscatine,
fa ,tc
Riverside, Ia„ 31 miles; Vinton. Ia., to Holland, la., 48 miles; Elmira.
Ia,. to Montezuma, 83 miles; Clinton to
Noel. 24 miles; leased. Holland
to Worthington, M im 1 <2 m.: total
operated, 713 m. Organized as the
.

,

Burlington Cedar Rapids & Mum., June. 30, 1868. Defaulted Nov.
1,
1873. Property sold under foreclosure June
22, 1876, and given up to
the purchasers July 1,1876.
Bonds of the Cedar Rapids Iowa Falls Sc
Northwestern road are en¬
dorsed (endorsement is on the bonds); the 6
percent bonds are redeem¬
able at 105 after Oe(. 1, 1890. Of the 5
per cents $325,000 are reserved
to retire the 6
per

cents.

The, company guarantees the above bonds

finned, and also guarantees $150,060 of Minneapolis' A St. Louis
bonds.
m< -r.

The annual

report

20, p. 477, said of




for 1882 as published in the Chronicle, V.
the expenditures ter uew road and
improve¬

•

•

.....

Other expenditures

1 3.583

Total disbursements

k

Balance
—

$916,874

...def. $225,498

(V.35,p. 133,374,457,706; V. 36,

p.

22,396

$947,487
sur.

$47,571

453, 477, 559.)

California Pacific.—Owns from .South
Vallejo, Cal., to Sacramento,
Cal., 61 miles; branches—Adelaide to Calistoga, 35 miles; Doer’s to
Knight’s Landing, 19 miles; total operated, 113 miles. Consolidation
(Dee. 23, 1869) of California Par. and California Pacific. Extension
com¬
panies. Leased for id) years, from July 1, 1876, to Central Pae.
Rental,
$660,000 per annum, and three fourths of net earnings when in excess
of that amount.
Capital stock, $12,000,000.
Extension bonds
of*
$3,500,000 and incomes of $1,000,000 were in default, and the new
bonds of 1875, iruaranteed be Central Pacific, were
issued in place
thereof. R. P. Hammond, President, .Sail Francisco.
California Southern.—This road from National
City, Cal., to
Colton and s m Be. nardiuo. Cal., 132 miles, was buiit
Py Boston capital¬
ists and opened Sept. 12, 1882.
The SoutiKTii Pacific* has shown some
hostility. Stock, $3,300,000. For $1,160 in cash each subscriber
received $1,000 in bonds, $1.000 in stock and $100 in the
San Diego
Land & Toww Co. stock. Tims.
Nickerson, President,
p.

Boston,

265, 266,-538.)

(V.

35,

Camden Sc Atlantic.—Owns from
Camden, N. J., to Absecom
Inlet, 60 miles; Penn. Ave. to Smith Atlantic, 6
miles; Pnil. Marl. &
Med. RR.; Hadilonfield to Medford, 12
miles; total operated, 78 miles,
rn Nov., 1832, *1 per cent
paid on preferred stock
Preferred stock,
entitled to 7 per cent if earned, and to as
high as paid to common if more
than 7. Earnings and expenses for three
years oast have been :
Years.
Earnings.
Expenses.
Profit.
I 880

1881

$198,838

$371,626

512,880

373.864

550,405

360,083

1882

-{V. 35,

p.

130; V.36,p. 10J.)

$127,219
139.016

190,321

W

BAILROAD

1883.

October,

Subscribers will cooler a great

explanation of column headings, Ac., wee notes
first page

of tallies.

Miles

Date

of

of

Road. Bonds

31
40 4

2d mort., gold,

or

Amount
Rate per
Outstanding
Cent.

Par
Value.

Where

When

Bonds—Prino1 ”

pal.When Due*
Slocks—Last
Dividend.

Payable, and by
Whom.

Payable

100
'

cumulative

Catamssa—Common stock
New preferred stock
Old preferred stock

1,000
1,000Ac

1881
1880
1880
1880
1881

500 Ac.

m

Mortgage bonds

Susquehanna—Stoc-ic
Cellar Falls d Minn —Bonds on 1 st div., sink. fund.

Cai/uga d

Bonds on 2d division, sinking fund
Cedar Rapids d Missouri River—Common
Preferred stock, 7 per cent
1st mortgage
1st mortgage

stock —

m

m

1,000
1,000
1,000
50
50
50

....

1882
1870

m

93
34
14
01
274

.

1804
1300
,

....

70
58
140
100

'

mortgage
Central Branch Union Pacific—1st mort., gold
Funded interest bonds (coupons held in trust).
2d mortgage (Government subsidy) —
Central R. R. d Bank, Ga.—Stock
1st

....

..

General mort. “tripartite” bonds, coup

Certificates of debt (tor dividend)

100
730
020

1801
1803
1800
1800
187!)
’00-7-8

....

15,000,000

0

13,802,5)37
0,000,000
55,000.000
2,700.000
2,000,000
1,500.000
1,500,000

5
5
2 L>
5 g.
0 g.
0 g.
0
0

2,250,000
1,155),500

'

....

98

1st mortgage

.

100

242
158
158
9s
9s

income, reg., not cumulative

1873
1883

500 Ac.
100
500 Ac.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.

3*2

1,300,000
589,110

41.3

1872
1881

7
7

1*2
3*2

0,850,400
709,000
700,000
582,000
2,332,000
1,000,000
025),000

7
7
7
0
V g0
4
7

1,000,000

7,500,000
5,000,000
4,000,000

1,000
100

Jan. 1,
Mar. 1.

Aug. 17,1883
Oct.

1,

1931

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

Feb.

1, 1900

July 1, 1883
April 30, 1884
Jan.
Nov.

2,
1,
Aug. 1,
Aug. 1,
Aug. 1,

1907
1883
1883
1891
1894

May, 1916
May 1, 1895
May 1, 1895
1890,’97, ’98

....

0

15)08
1913

Philadelphia Co.’s ofiice May 10, 1883
do
May 16, 1883
Phila., Phila.A Read.Co. Feb. 1, 1902

do
do
F. A A.
J. A J. New York, 44 South st.
A. A O. N.Y.,J. S. Kennedy A Co
do
do
J. A J.
Boston, Treasurer.
Q.-F.
do
do
F. A A.
F. A A. N. Y., Nat’l Park Bank.
do
do
F. A A.
do
do
M. A N.
M. A N. N. Y., 195 Broadway.
do
do
M. A N.
U.S. Treas., at maturity.
J. A D.
Savannah, Ga.
J. A J. N.Y.,Nat.City Blc.A Sav.
J. A J.
Savannah, Ga.

7

210,000

100

M. A N.
M. A N.

0

1,377,000

1397

Aug. 1, 18 S3

.....

3*2

1,000,000
2,200,000
230,500

1,000
1,000
1,000

rhila.. Penn. RII. Co.
F. A A.
F. A A. N. Y., Grand Cen. Dep.
J. A J. N. Y.. Union Trust Co.
do
do
M. A S.
N. Y., 03 William St.
A. A O. Mont real,N. Y.orLondon
A. A O. N.Y., Farmers’L.A T.Co.
New York, Ofiice.
J. A J.
do
A. A O.
do
J. A J.

0

$ 150,000

$500Ae.

1807

Canada Southern—Stock
40 4,
1st mort., interest guar, by N. Y. C. A Hud. Riv..
4)4
2d mortgage, coup, or reg
1, t 30
Canadian Pacific—Stock
Land mortgage bonds, gold
242
Carolina Central—1st mortgage, gold. coup, or reg.
3d mort., gold, income, reg., not
Carson d Colorado—1st mortgage

Size,

•

Co—1st mortgage

Camden d Burlington

discovered in these Tables.

INTEREST OR DIVIDENDS.
_

on

21

BONDS.

l'avor by giving immediate notice of any error

DESCRIPTION.
For

AND

STOCKS

July 1, 1883
Jan.

1. 1893
1891

.

Camden

Sc

to Pemberton,

Burlington County.—Owns from Camden, N. J.,
N. J., 23 miles; branch, Burlington, N. J., to Mount

Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company’s lines.
Lease rental, $11,115,
being 0 per cent on stock and bonds, and $500 for organization expenses.

Capital stock $381,025 and funded debt $350,000. Dividends in Jan¬
(V. 3G, p. 105.)
uary and July.
Canada Southern.—Link of Road—Main line from International
Bridge to Amherstburg, Out., 220 miles; branch, St. Thomas, Out., to
Court-right, Out., G3 miles; Erie A Niagara, 31; Sarnia Chatham A Erie,
7; Canada Southern Bridge A Ferry, 1; Toledo Canada Southern A
Detroit, 55, and Michigan Midland Sc Canada, 15; total of all lines
operated, 401 miles, of which 1.05 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Cu.m fan v. Alliances, Am.—The corporation was chartered in
Canada Feb. 28. ISOS, and the main line opened Nov. 15. 1873. Default
was made, and a reorganization
forming the existing company was
completed in 1878, and most of the tiist mortgage 7 per cent bonds were
exchanged for new bonds bearing 3 per cent for three years and 5 per
cent thereafter.
Interest on the 1st mortgage is guaranteed by the New
York Central Railroad Co. for 20 years f but the principal is not guar¬
anteed. In Nov.. 1882, a close contract was made with the Michigan
Central for 21 years from Jan. 1,1883, providing for the operation
of the Canada Southern by tin*. Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-tliirds to the Michigan Central and one-third to the
Canada Southern; fourth, for the raising of $0,000,000 l>3r a 2d mort.
on the Canada''Southern to double-track its line, to build a bridge over
Niagara River, and for other extensions and improvements. On this
basis the total net income of both companies in the past four years has
been as shown below, and tin* deduction of $2,500,000 for interest and
rentals, which is about the present amount of annual fixed charges of
both companies, would leave the amount applicable to dividends on both
companies’ stocks as presented in the following table:
1880.

1881.

1882.

Michigan Central... $2,715,830
Canada Southern...
547,275

$3,310,008

$2,202,230

$2,300,300

$3.203,111

$1,724,238

$2,008,808

$3*201,000

2,500,000

2,500,000

2,500,000

2,500,000

$703,111
$508,710
251,370

$2,224,233
$1,482,304

$408,808
$272,538

$701,000
$107,35)0

1S75).

Total income..
Interest, Ac

..

..

Net surplus
Michigan .Central,

1,377,240

,700,572

741,402
Canada Southern, I3
Income.—The statement for first six months

130,200

831,700

233,05)8

of 1883 gave this com*
pany $313,000, out of which a dividend of 2 per cent was paid Aug. 1.
The income account ofJCamida Southern for three years was as follows:
INCOME ACCOUNT.

1880.

Receipts —
.

•

Total income
Disbursements —
Interest on debt

Discharge of balances, old lines.
Dividends

1881-

1882.

$3,309,200 $3,410,959
$819,780
$090,915
$1,299,339

$3,705,079

Total gross earnings
Net earnings

.

.

j001

9,057

12.010

$1,377,240

$706,572

$831,790

$407,800
423,280

$073,025

$G79,231

88,051

1,059

7

/

.(212)375,000
30,301

Miscellaneous

$707,270
$680,290
$1,242,387
Total disbursements
.Sur 134.853 Def. 00,704Sur. 151.500
Balance
—V. 35, p. 455, 570, 037, 057, 737; V. 30, p. 311, 300, 590, 649,
V. 37, p. 35)9.)
Canadian
Pacific.—(See Map.)—This company was incorpo¬
rated iu February, 1.881, •►under a charter from the Dominion of
Canada. The company lias an important contract in its charter, receiv¬
.

707;

ing from the Government $25,003,000 in cash as a subsidy, also 25.000,000 acres of land, all tit for settlement, (of which 0,500,000 acres
have already been sold), in consideration of the completion and
perpetual operation of the road.
The Government alsa conveys
to the company, free of all cost, 713 miles of road, viz., 435 miles
from Winnipeg" to Lake Superior and 05 miles from Winnipeg to
Emerson, already finished, and 213 miles now building from Port Moody
on the Pacific coast to Kamloops, between the Rocky Mountains and
Cascade Mountains, to which point the company is building from Win¬
nipeg. The company also acquired 449 miles of road and branches from
Montreal west to Callendar. at a cost of $5,423,333, which is a lieu on
441 miles of. those roads. The road is to extend from Montreal to Port
Moody on the Pacific coast in Brit. Columbia, 2,900 miles,with branches
of 400 miles, in all 3,300 miles. Tiie authorized stock is $100,000,000.
There is no mortgage on the road (except the lieu above mentioned of
$5,423,333 on 441 miles) an<l the bonds are on the laudsonly. There are

deposited with the government as security $5,000,000 of these bonds
yet outstanding only the above amounts, remaining after
cancellation of bonds from land sales. The company sold 0,452,000
acres of its lands for a net amount of about $17,300,000, mainly to
and there are




falls due iu
drawn and
paid oil'at 110. Dividends are paid on the stock at 5 per of. per annum.
The company in October, 1883, had the following lines completed
the Canada Northwest Land Co., from which a large amount
instalments. The bonds are receivable for lands and may he

and in progress:
Com-

Com-

In

Montreal to Callendar
Brehs. on Montr’l Div.
Callcnd’rtoTh'nd’r B.

100

Winnipeg to Kamloops
Kaml’ps to PTfc Moody

..

102

15 j

Branch—Sturg’n Riv.
to Algoma

ThundTB.to Winnipeg

500

Branches—Emerson
Stonewall
Pembina and Gretna

347

In

pleted. prog.

pleted. prog.

05

....

40!)
173

435

Total mileage
2,134 1,182
30, p. 108, 453, 509, 707 r V. 37, p. 22, 127, 392.
Carolina Central.—Owns from Wilmington, N. C., to Shelb~’\ N C.,
212 miles.
Formerly Wilmington Char. A Rutherford, chartered In
1855. Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and Receiver placed in possession April 5, 1870. Sold in fore¬
closure May 31, 1880, for $1,200,000.
In 1881-82, gross earnings,
$003,874 ; net, $72,812; in -1882-83, gross, $55)0,328; net, $108,471.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company and interest paid. The stock of $1,200,000 was placed for
five years from Nov. 1, ]S79,m the hands of the reorganization com¬
mittee.
(V. 30, p. 074; V. 37, p. 128.)
*
See Chronicle, V.

Carson «V Colorado,—(3 foot gauge;)—Fron^Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to Hawley, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road follows tin* valleys along
eastern side of Sierra Nevada Mountains and may eventually join South¬

Mojave. Stock, $0,000,000 authorized ; $2,250,000 issued.
earnings in 1882, $142,254; net, $240,104. 11. M. Yeringtou,
President, Carson, Nev. (V. 35, p. 430.)
Cedar Falls & Minnesota.—Owns from Waterloo, Ill., to Minn.
State Line, 70 miles. Leased to Dubuque Sc Sioux City for 40 years
from January 1, 1807, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. The Dub. & S. C.
(carrying this road) is leased to Ill. Central till 1887, with option to the
lessee of renewing. Capital stock, $1,580,500. A sink, fund of 1 p. ct.
per annum is provided, and some of the above bonds are in the sinking
fund. All operations .and earnings are included in Illinois Central re¬
ports. Tin* minimum rental is $113,370. J. S. Kennedy, Pres’t, N. Y.
Cedar Rapids Sc Missouri River.—Owns from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles. Leased in perpetuity to Chic. &
Northwestern. Rental, $700 of the first $1,500 of gross earnings per
mile; 331.3 per cent of next $3,000 per mile, and 20 percent of any
excess over $4,500 per mile.
Gross earnings fiscal year ending Meh. 31,
1883, $3.177,15)2; gross earnings per mile, $11,55)5.
The rental was
$854,040 and disbursements, ineluding dividends and interest, were
$800,420. The total balance to credit of income account March 31,
1883, was $830,000. In 1880 purchased a majority of the Sioux City &
Pacific Railroad stock. (V. 30, p. 589.)
Central Brandi Union Pacific,—(Arc Map Page 51.)—Owns from
Atchison, Kan., to Watervilie, Kan., 100 miles; leased Atchison Col. &
Pac. 255 miles ; Atcli. J. Co. & W., 33 miles; total operated, 388 miles.
The U11. Pac. Cent. Brunch was formerly tin) Atchison Sc Pike’s Peak UR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,000,000. Default on interest was made May 1, 1873, but
no foreclosure took place.
It is operated as a part of the Missouri Paciflo

ern

Pacific at

Gross

with the Union Pac. Fiscal year ends
$383,718. Rentals
paid $403,000; other payin’ts, $04,110; total, $407,110. Deficit, $a3,391.
system, under some arrangement
Dee. 31.

In 1882 gross

earnings were$1,040,115): net,

Central of Georgia (A: Hank). Owns
Atlanta, Ga.. 295 miles; branch, Gordon to

from Savannah, Ga., to

Milledgevillc, 17 miles;

leased—Augusta Sc Savannah, 53 miles; Eatonton Branch Railroad,
22 miles; Southwestern Railroad and branches,343 miles; total opera¬
ted, 730 miles; also takes net results of 170 miles more operated by
In January, 1880, purchased the former
separate companies.
Savannah Sc Memphis road—Opelika to Good water, 00 miles—for
$700,000.
In 1881 the control of tin*. Port Royal A Aug.
was. bought:
also a lease of thcGcorgia Railroad for 99 years was
taken in the interest of this company. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and$32 per share to Southwestern. The company owns a
large interest in connecting lines and the Ocean Steamship Co. of
Savannah. This company and the Georgia Railroad Company are joint
owners of fhe Western Railroad of Alabama, purchased at foreclosure
sale iu April, 1875. The “tri-partite” bonds are issued jointly by this
company, the Macon A Western-and the Southwestern.
The annual report for the year ending August 31, 1883, was in the
Chronicle, V. 37, p. 423.
The income account has been as follows
:
1883
Total net income
Fixed charges and

dividends..

Surplus
—(V, Jo, p. 455, 001: Y. 30, p.

1881.

1882.

$2,147,241

$1,088,918

1,457,851

1,5)72,703

$039,890 Def.. 183,789
559 • V. 37, p. 4‘43.)

$2,027,091
1,982,317

_

.

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|Vol.

xyit.

'»-*»-on
wwimi

_

October,

Subscribers will confer a

great favor by giving immediate

explanation of column headings,
on

first page

of tables.

Ac., see notes

Miles
of
Road.

Date
of
Bonds

Size, or

Amount

par

Outstanding

189

1879
1880
1882
1882

$500&c.

$3,700,000

500 Ac.

629,000

Central Iowa—1st mortgage
Debt certificates, issued for

overdue coupons—
1st mortgage, gold, Eastern Division
1st mort. on branches ($12,000 per mile)

....

124
....

Nov., 1875 to 1877)

WillfPshlUTfi Cnill (til

.

97
7

lUMm*

7
7
0 g6

1,475,000
1,‘>00,000

ioo

18,563,200

2*2

1,000
1,000

5,000,000
4,400,000
15,000,000

7
7
7
7
6 A 7
7
7
5
7

1,000
500 Ae.

(redeemable any time at par)..
convertible 1885 to 1907

....
■

137

Central Ohio—Common stock

600,000

4,720,000

Consol mort
L. AW. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock A linn.Co. new M. bds., guar. C. of N. J.
Adjustment mort.
Debenture bonds,

Rate per
Cent.

1,000
1,000

....

do

do

Value.

1869
1872
1874
1867

....

Consolidated mortgage (for $25,000,000)
Newark A New York, 1st mortgage.'
Trtliirrli Xr

Bonds—PrukOi -

When

Where

payable, and by Stocks—Last

A
A
A
A

J.
O.
O.
O.

Dividend.

Whom.

Payable

J.
A.
A.
A.

pal, When Due.

New York,
do

July 15, 1899

Office.

3 mos. notice.

do

N. Y., Taintor A Holt.
do
do

April l, 1912
April 1, 1912

New York, at office.
do
do
do
do
do
do
do
do

April 10, 1876

509,000
341
74

Central of New Jersey—Stock
Mortgage bonds
Bonds (convertible

notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.

DESCRIPTION.
For

33

BONDS.

AND

STOCKS

RAILROAD

1883.]

1875

1,000

1881
1878
1883

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

;

137
Preferred stock
137
1st mortgage bonds
2865
Central Pacijic—Stock
742 1S65-8
1st mort., gold, (2 sinking funds, $50,000 each)..
50
1864
California State aid, gold (s. fund, $50,000)
146 I 1870
1st m.S. Joaq’n Val. Hr., gld (s.f. $50.000)
742
U. S. Loan, (2d lien on certain terms)
1869
158
Western Pacitie, 1st mort., gold, (s. i. $25,000)...
123 | 1869
do
Government lien
152
1868
Cal. A Oregon,.1st M., gold, guar., (s. f. $100,000)
152
1872
Cent. Pac., mortgage, on 0. A O. Branch

11,500,000
3,553,000
5,000.000
5,454,000

6

4,700,000
3,104,000
2,437,950
411,550
2,500,000
59,275,500
25,884,000

6 A 7

1,000
1,000

1,500.000
6,080,000
25,885,000

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

1,000

2,621,000
1,970,000

6 g.
6

1,000

6,000,000

1,000

2,080,000

6 g.
6 g.

50
50

,

1,000
100

!

1,000

Q.-J.
F. A A.
M. A N.

Q.—J.
J.

A J.

1890

Nov., 1902
July 1. 1899
1887

Q.-M. N. Y„ Cent. RR. of N. J. June 1, 1900
do
do
M. A N.
May 1, 1883
do
do
J. A J.
July 1, 1921
M. A ,N. N. Y.. Cent. RR. of N. J. May i. 1903
1908
do
do
Various dates.
Var.
J. A J. Balt., at B. A O. office.
July 31, 1883
do
do
J. A J.
July 31, 1883
do
do
M. A S.
Sept., 1890
F. A A. N. Y. A San Francisco. Aug. 1, 1883
N. Y., Fisk A Hatch.
1895 to ’98
J. A J.
J. A J. Saeram’o State Treas.
July 1, 1884
Oct. 1, 1900
N. Y., Fisk A Hatch.
A. A O.
1895 to ?98
U. S. Treasury.
J. A J.
N. Y„ Fisk A Hatch.
J. A J.
July 1, 1899
1899
U. S. Treasury.
Jan. 1, 1888
N. Y., Fisk A Hatch.
J. A J.
Jan. 1, 1892
NeM York A London.
J. A J.
....

♦

1

i

9

la., to Northwood, la., 190 iu Chronicle, V. 36, p. 623. (V. 35. p. 130,213, 235, 372,601; V. 36, p.
169, 312, 365,527, 535, 571,590,623, 651,707; V. 37, p. 22, 48, 98,
miles; Grinnell A Montezuma Branch, 201,
233, 423.1
miles; Newberg brancli, 27 miles ; BelCentral
Ohio.—Owns from Bellaire, Ohio, to Columbus, Ohio
mon<l branch, 22 miles; total old road, 290 miles.
Eastern Division 137
miles. Chartered in 1847 and opened in 1854. Reorganized in
to Mississippi River, 124 miles, and Illinois Division to Peoria, 90 miles.
1865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
Total, 504 miles. To join the Iowa with the Illinois Division until the
rental, 35
cent of gross earnings. Feb. 23, 1880, the lease was
Mississippi is permanently bridged, a contract has been made to estab¬ extended toper
Dec. 1, 1926, with the option of renewing for terms of 20
lish ferry facilities with a capacity to transfer 200 cars a day. Chartered
perpetually. In 1880-81 gross earnings $1,0 >6,025 ; net, $228,267;
Defaulted and placed in years
as Central HR. of Iowa and opened in 1871.
rental, $352,108.
lease
hi 1881-82 gross earnings. $987,401; net,
hands of a receiver in 1873. Reorganized under present title June 18,
$314,932; rental, $345,590. The road between Newark A Columbus
1879, after foreclosure sale under first mortgage July 18, 1877.
(33 miles) is owned jointly with the Pittsburg Cincinnati A St. Louis
The stock is $9,100,000 common; 1st preferred, $907,000, and 2d pre¬
RR. Co.
( V. 34, p. 488.)
ferred, $1,107,800.
First preferred has prior right to 7 per cent
Central Paellic.—Line of Road—Main line—San Francisco, Cal., to
<uon-eumulative); then 2d preferred entitled to 7 per cent; any surplus,
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
alter payment of 7 on common stock, to be divided pro rata between
the three classes. In the report of 1882, President Cate discusses the operated under lease or contract—the Southern Pacific in California,
claim of the preferred stock on the income, claiming that it should not Arizona and New Mexico, 1,114; California Pacific. 115, and others.
take precedence of expenses for improvements. He also remarks of the 731; total, 1,960 miles; total length of road operated and accounted for
-extensions that since 1880 over 300 miles of track have been laid, and Jan. 1,1883. 3,173 miles. The Galveston Harrisburg A San Antonio was
In con¬
Peoria, III., reached, and by the lower amount of bonds issued per mile given up in February, 1883, leaving the miles operated 2,876.
nection with the Union Pacific, the Central Pacific forms a continuous
on the new road, the bonded debt is down to an average of $15,000 per
line from San Francisco* Cal., to Council Bluffs, la. (1,918 miles), and
mile on the new and old lines together, and $1,000 per mile is the annual
The through route from
interest charge, in lieu of $1,365 upon the old line alone ; with arrange¬ there, connects with the lines eastward.
ments whereby the Central is released from payment of interest during Omaha to Sacramento was opened May 10, 1869. The California Ac
the present year upon bonds issued on the last 125 miles of road built in Orezon line is being extended liortuw-ir.l to a junction with Oregon Ac
Iowa, known as the Eastern Division, and from interest obligations on California, and the whole system requires a map to show it plainly.
The Charter, Leases, Ac.—This was a consolidation (August 22,
the Peoria line denominated Illinois Division, until April 1, 1885.
1870) of the Central Pacific (organized Oct. 8, 1864), California Ac
The fiscal year ends Dec. 31. The annual report was in the Chronicle,
V. 30, p. 021. The income account for 1882, compared with the preced¬ Oregon, San Francisco A Oakland, San Francisco Ac Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
ing year was as follows :
INCOME ACCOUNT.
U. S. bond subsidies and lands to the. Pa itic railroads; the act of July,
1881.
1882.
1864, made the lien of the Government subject to that of the first mort¬
Earnings from—
$218,283 gage bonds, but authorized the Goverum ut to withhold one-half the
$244,024
Passengers
910.270
735,178 charges for transportation on its account, and also to rec ive 5 p r cent
Freight....
20,003
20,828 of the net earnings; the “Thurman" act of May 8, 1878, directed that
Mail and express
17.198 the other one-half of charges for Government transportation should be
10.488
Rentals
:
9,879 withheld, and also that tiie company should pay $1,2->0,000 yearly to
11,110
Miscellaneous
the Government for the sinking lund of its debt, or as much thereof as
$1,001,300 shall make The 5 per cent of net earnings, plus the whole transportation
$1,209,109
Total
075.870
570,759 account, equal 25 per cent of the whole net earnings for the year. The
,Operating expenses and taxi's.
leases are numerous and mostly for short dates, and the terms of each
Central

Iowa.—Owns from Albia,

miles; TVluclnikinock Branch, 2
14 miles; Stoney City Br., 35

....

Net

earnings

Interest on bonds
Interest on car trust certificates.

707, 731.)
Central of New

$259,000
$105,007

372, 455, 480, 705; V. 30, p. 399, 559, (>21,

Jersey.—Owns from Jersey City, N. J., to Pliil-

lipsburg, N. J., 73 miles; branches, 30 miles; leased and operated,
in New Jersey, 209 miles, and in Pennsylvania, 201 miles;
total
operated, 573 miles. The, principal leased lines in Pennsylvania are
the Eehigli & Susquehanna and the Lehigh & -Lackawanna, with
their branches, Ac.
Under the lease of 1883 to Philadelphia A Reading
the minimum rental of Lehigh & Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
after that $2,013,000.
In February, 1877, the property was placed in
the hands of a receiver, and on April 1, 1877, default was made on
consolidated mortgage interest.
Reorganization followed.
Of the
$11,500,000 Lehigh & Wilkesbarrc Coal bonds, $0,110,000 are held
by Central of New Jersey and receive no interest till all other bonds
The Lehigh A Wilkesbarrc Coal Company’s stock is
are satisfied.
$8,700,000, and the company was taken out of receiver’s hands in March,
1882. ‘ (See report in V. 30, p. 700.)
The American Dock A Improve¬
ment Co., which is virtually owned by the railroad eomnauy, issued anew
mortgage in June, 1881, to retire the prior issue and pay off the Central
of New Jersey floating debt; and the company reserves the right to pur¬
chase these bonds by lot at 110. The adjustment bonds are payable at
will. The 0 per cent convertible debenture bonds run positively till
1908, and were issued Oct., 1883, in exchange for the old income bonds

and overdue interest, and balance to pay floating debt.
In May, 1*83,
the road was taken out of receiver s hands, and from June 1, 1883,
leased for 99 years to the Philadelphia A Reading RR. Co. at 0 per cent
on stock and interest on bonds.
From 18 - 8 there were no satisfactory

In May, 1883, the hoard submitted the
earnings and expenses on all the lines operated :

reports of operations.
statement of

1881.

Gross

earnings

Operating expenses

$10,927,593
6,152,795

Interest, rentals, etc

$4,774,798
4,172.143

$602,655

Surplus

following
1882.

$11,312,296
€>,221,225
'

Net earnings

$5,041,071
4,493,794

$597,276

Increased fixed charges for 1882 over 1881 were mainly for payment
of interest on American Dock A Improvement Co bonds funded in
1881. As against surplus shown, there are the following charges: Paid
car trusts, construction, taxes, etc., 1881, $435,289; 1882, $638,349.

Interest




on

income bonds is not charged.

in brief were stated in the Chronicle, V.
ant leases are those of the Southern Pacific
1 and Nov. 1, 1885.
Stock and

$302,500
$230,733

Total interest

Balance over interest
—(V. 35, p. 103, 188, 200,

$421,007
$592,000

$533,233
$277,000
25,500

See also the Master’s report

37, p. 47. The most import¬
roads, which expire on Jau.

dividends
1830,6; 1831, 6; 1882, 6; 1*83,

Bonds.—1Tho stock lias received the following

since 187o, viz.:- In 1877, 8 per cent;
6.
Prices of stock since 1879 have

been: In l-88o, 63S-971a; in 1881,
801o®10278; in 1882, 82-*8a>97Is; in 1883, to last Saturday, 61 a83. Most
of the issues of bonds have sinking funds, as seen in the table above, but
these sinking funds are invested mainly in the Southern Pacitie Railroad
bonds, and accumulate; and the bonds are not called in.
The company’s sinking funds mummied Jau. 1, 1333, to $6,761,120.
of which about $5,251,000 was invested in the Southern Pacific bonds.
The land grant bonds are retired with proceeds of land sales.
Tuc in¬
come bonds fall due
lo per cent yearly.
The L\ni> Grant.—The total land granted the Central Pacific, and tho
California & Oregon companies was about 12,000,000 acres, of which
1,031,690 acres had been sold to Dec. 31,1332,
1882, 196,172 acres were sold for $501,533
Land

$1,070,976.

Lands yet unsold, 10,96s.310 acr- s.

for $5,002,163. In
contracts on hand,

Operations, Finances, Ac.—The Central Pacific Railroad has had a
strict monopoly of business in the territory occupied by it, and wen
in 1883, when live eastern mutes are open from the Mississippi River, the
Central Pacific si ill controls every approach to San Francisco
The

principal questions bearing upon the

company’s present and future
ing rates ; the
control oLthe South¬

status are in regard to the effect oi California laws regulai
Government requirements for sinking fund; and the
ern Pacitie road alter 1385.
The annual report for 1882 was in the Chronicle,

giving full account of the operations, a statement of
earnings, the terms of agreement with them, Ac., Ac.

V. 37, p. 47,

the leased lines

INCOME ACCOUNT.

1881.

1880.
Total gross

earnings

Receipts—
Net earnings
Interest on sinking funds
Land grant bonds redeemed...
Miscellaneous
Contract with W., Far. A Co..

1832.

$20,508,113 $21,094,100 $25,662,757
$
$
$
7,634,501

9,514,673
262,500

8,560,991
281,260

318,110

420,000
20,000
592,656

711,000

54,855

9,573,730

254,617
20u.000

20,485

8,492.116

10.809.829

Disbursements—
Interest on debt

$
3,715,325

Dividends
Dividends per

3,406,530

3,556,530

(6)

$
3,503,292
3,556,530
(6)

7,121.855
1.370,261

7.061,822
3.74 5.007

6,999,943
2,573,793

Total income...

cent

Total disbursements

Balance, surplus

-(V. 35, p. 124, 213, 291. 313. 403, 405,
352, 509, 623; V. 37, p. 4T, 189, 343.1

.

$
3.443.413

<€>)

657; V. 36, p..233, 251, 28*.
_-t

EAILEOAD
Subscribers will confer

a

STOCKS

AKD

BOKDS

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

DESCRIPTION.
For explanation of column
on

first page

headings, Ac.,

see

of tables.

20
All.
101

ioi
191
191

.

Chesapeake dS Ohio— Parch,

18

1st

mortgage, gold, “A”

money

23
428
503

funding bonds...

do

do “B”
2d mortgage, cur. (interest in stock or
cash)
1st mortgage,.gold, Peninsula Extension
1st mort., gold, on extension (for $J,000,0i'0)
dies. Ohiod Southwest.—1st M., gold ($19,000
p. m.)
2d mortgage ($11,000 per mile)
Paducah A Elizabethtown, 1st mortgage
Ch esh ire—Stock, preferred
Bonds, not mortgage
Chicago <£ Alton—Common stock
Preferred st’clc (7 i>. e. y’rly not cumulative)

General mortgage, sterling, for <£900,000

Joliet A Chicago, 7 per cent, stock
8t. Louis Jack. A Ch., common stock
do
do
preferred stock
do

do

1st M. endorsed

by C. A A..

428
.

428
75
-

-

.

..

396
396

186
61
....

850
850
322
220
38

150
37

1870
1870
1878
1853
1868
1869
1869
1872
1865
1871
1878
1878
1878
1878
1881
1882
1881
1881
1877
•

m

m

m

,

....

1873
1863
.

•

.

$1,000,000.

Amount

Outstanding

$1,000
500
100 Ac.
500
500 Ac.

111,800
500,000

2,000,000
500,000
189,500

1,000
1,000

500,000
2,350,000
2,000,000
15,000,000
10,122,500
2,000,000
500,000
7,356,000
4,356,000

1,000
100 Ac.
100 Ac.

1,000
1.000
1,000

1,000
1,000

500.000

100
500 Ac.
100
100
1,000

8
6
8
6
7
7
7
7
7
7
6
6
6
6
6

505,000

1,000

1,000
1,000

Stock,
Warnings in 1880-1, $301,570; deficit. $11,310. Earnings
$387,950; deficiency, $73,100.
II. 15. Piaut, President,
(V. 35, p, 291.)

Charlotte Columbia Sc Augusta.—Owns from
Charlotte, N. Co
Augusta, Ga., 191 miles. Leases Atlantic Tennessee Sc Ohio Railroad*
Charlotte to Statesville, 47 miles; Cheraw A
Chester, 29 miles; and
Chester Sc Lenoir, 90 miles. The Charlotte Col. A
Aug. was a consoli¬
dation (July 9,1809) of the Charlotte A South Carolina and
the Columbia
A Augusta. The road has been under the control and
management of
the Richmond A Danville since 1878. Gross
earnings in-'lSsO-Sl,
$020,919; net, $211,990; in 1881-82 gross. $001,024; net,
$181,993.
Stock issued, $2,578,000. (V. 35,
p. 372, 449, 736; V. 30, p. 251; V.
37, p. 98.)
Cliartiers.— Owns from Mansfield, Pa., to Washington,
Pa., 23 mSold under foreclosure, and
reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg
Cincinnati A St. Louis; tlie
to

rental is net earnings. Gross
earnings in 1882, $120,022; net
$30,818; in 1881, gross earnings, $110,031; net income, income,
$38,218.
Capital stock, $047,850.
Chesapeake A: Ohio.—Owns from Newport News. Va., to Big Sandy
River, W. Va., 504 miles; Newport News to
Phoebus, 8 miles; e'osil
branches, 8 miles; total operated, 520 miles. Consolidation of
Virginia
Central and Covington A
'

g.

1*2
4
4
6 g.

2,383,000
1,500,000

7

1,293,000

5
5
7
7

1%

1,034^000

1864
1864

g.
g.

6

12,504,600
2,425,400
4,379,850

2,365,000
564,000

fWhere Payable,

When

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

Whom.

Bon ds—Princi¬

and by

pal, When Due.
Stocks—Last
Dividend.

A
A
A
A
A
A
A

J. N. Y., Cent. Pae. Olliee.
July 1, 1890
O.
N. Y., Fisk A Hatch.
Oct. 1, 1890
N.
N. YL and San Frail.
May 1, 1888
S. Charleston, 1st Nat. Bk. March
1, 1877
S.
New York.
Sept. 1, 1S99
J.
do
Jan. 1, 1889
J. N. Y., Nat. Park Bank. Jan.
1, 1895
A. A O.
do
»do
Jan. 1, 1910
Jan. 1, 1890
A. A O. Philadelphia, Penn R.R. Oct.
1, 1901
J. A J.
N. Y., Fisk A Hatch.
July
1,
1898
A. A 0.
do
do
July 1, 1908
M. A N. N. Y\, Company’s office.
July 1, 1903
J. A J.
do
do
July 1, 1918
A. A O.
N. Y., Fisk A Hatch.
Jan. 1. 1911
J. A D.
do
do
June 1, 1922
F. A A. N.Y.,52
Excli’ge Place. Fob. 1, 1911
F. A A.
do
do
Feb. 1, 1911
F. A A.
do
do
Feb. 1, 1897
J. A J.
Keene, N. II., Oilice.
July 10, 1883
J. A J.
Boston.
July 1,’96A’98
M. A S. N.Y.,Jesup, Pat on A Co.
Sept, 1, 1883
M. A S.
do
do
Sept. 1, 1883
J. A J. Lond’n,J.S.Morgan ACo.
July 1, 1903
J. A J. N.Y.,Jesup, Patou ACo.
Jan., 1893
N. Y. U. S. Trust Co.
Q.-J.
Oct., 1883
....

5-6
6
6-8

80o,000

100

g.
g.

g.
6 g.

2,100,000

1,000

•

Rate per
Cent.

$687,000
5,919,000
3,285,000

1,000
1,000

Charleston A: Savannah.—Owns from Savannah,
Ga., to Charles¬
ton Junction, S. C., 1U1 miles;
operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 11.5 miles. This
was
hist the Charleston A Savannah
Railroad; reorganized in 1800 under
name of Savannah Sc
Charleston, and opened March, 1870. Sold in
foreclosure June 7, 1880. and present
company organized.

in 1881-82,
New York.

INTEREST OR DIVIDENDS.

Miles
Date Size, or
of
of
Par
Road. Bonds Value.

notes

Central Pad fie — (Con tin ned)—
San Fran. 6. A A., 1st 31. (s. f. $100,000)
Land grant mortgage, bonds
Income bds.($6,000,000), skg.fd., 10 p.c.per ann’m
Charleston <£• Savannah —1st M., C. A S.,
guar
Funded iut. bonds, S. A C. RR., guar, by .8. Car...
1st mortgage, Savannah A Charleston RR
Charlotte Columbia <£• Augusta—1st inert, consol...
2d Mortgage
Columbia A Augusta ltd mortgage
Chartiers— 1st mortgage

<r

[VOL. XXXVII.

A. A 0.
A. A O.

N.Y.,Jesup, Patou ACo.
do

do

Aug. 1, 1883
Aug. 1, 1883
April. 1894
April 1, 1894

corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new
organization in
October, 1862.
Chicago and Sr. Louis were connected by the present

line in 1864. The annual meeting is held the first
Monday in' April.
The Joliet A Chicago is leased from
January 1, 1861, for the
term of its charter, and forms part of the main line.
Rental, 7
per cent on
stock.
The St. Louis Jacksonville A
Chicago was
leased in perpetuity from April 30, 1868, at a rental
eipial
to’’40
per
cent of gross earnings until the amount
reached $700,000, with a
minimum of $240,000 a year, and the
company is to be merged with.
Chicago A Alton and its stock exchanged for Chicago A Alton stock.
The Louisiana A Missouri River Railroad is
leased for 1,000 years
from August 1,1870. Rental, 35 per cent of
gross earnings, but inter¬
est guaranteed on second
mortgage bonds and preferred stock as
above; the other preferred stock is $1,010,000 and common stock

$2,272,790.- (See its report in V. 36, p. 535.)
The Kansas City St,
Louis A Chicago is leased to the Chicago A Alton
company in perpetuity
from Nov. 1, 1x77. at a rental of
35 per cent, of gross,earnings, less taxes
and assessments. The bonds are held by U. S. Trust
Co. as security for
the C. A a. bonds of 1878 issued to build this
road, and

a.sinking fluid of

$60,000

per annum provided for their redemption.
Should the 35 per
cent be more than sufficient to pay bond interest and
7 per cent on
the stock, the excess is to go to the lessees. The
Mississippi River Bridge
is leased in perpetuity from December 3,
1877, at a rental of $63,000, to
be applied in payment of 7 per cent on
$200,000 stock, and 6 per cent oa

$700,000 bonds.

The Chic. A Alton preferred stock lias prior right to a
noil-cumulative
not exceeding 7 per ct. from net
earnings, and (after payment
of 7 on common) also shares with common in
any surplus.
Prices of
Ohio, and opened through March 1, 1873. The stock have been as
follows: Preferred in 1881, 140 to
old company defaulted in 1873 and the road was
153; in 1882,
sold under foreclosure
130 to 146; 18X3 to last
Saturday,
140
to
150;
common
in
1881. 127 to
April 2, 1878, and reorganized under present form.
The Elizabeth 156; in 1882, 1271e to
145Kj; 1883 to last Saturday, 128 to 137J4.
Lexington A Big Sandy Railroad connects on the west with the Chesa¬
Dividends have been as follows: In 1877, both
stocks, 7^2 ; in 1878,
peake Ohio A Southwestern, and the Kentucky Central road is con¬ both
7; in 1S79, preferred 7, common 6; in 1830, prof. 7, com.
trolled in the same interest.
6*3; iu
1881 both 8; iu 1882 both 8; in 1883 both 8.
The stocks outstanding were as follows to Jan.
1, 1883: Common,
Operations and Finances.—The Chicago A Alton road has been
$15,334,513;
preferred stock—lirst, $7,808,138; second. $8,562,632. The
“
ticularly strong in having a large local business between Chicago par¬
B ” bonds take interest in 1882-83 4
and
per cent cash and 2 p. ct. in stock,
St. Louis, so that it was Less dependent oil
.-and thereafter all cash. The second
business, which is
mortgage currency bonds till July, done at competit ive rates. Its leased lines arethrough
as
1884, take interest in second preferred stock, then for two years
completely controlled
partly as if owned, and the system is compact.
in that stock and partly cash, and afterwards all
cash,
if
the
Annual
earnings
report for 1882 in V. 36, p. 218, had the following: “The rent
are sufficient but “ all interest not
paid in cash to be paid in second paid for the use of the Joliet A
Chicago Railroad is fixed, and no separate
preferred stock.” The cash interest charge in 1883 is $981,000. The account
of
mortgage bonds of 1882 for $3,000,000 are secured on road from New¬ ment showsearnings on that line is kept. The following tabular state¬
the earnings of the other leased lines for 1881 and 1882.
port News to old Pt. Comfort, Va., and terminal works; and on a branch
1881.
to be built in West Va. from Scary Creek to the Ohio
1882.
River. First pref.
Kansas City St. Louis A Chicago RR.S
stock has prior right to 7 per cent from
$1,263,043
$1,407,688
surplus;
then
2d pref. to Louisiana A Missouri River RR. (main
receive 6 per cent; both classes precede the common.
line)..
441,820
499,848
The dies. A O.
Louisiana A Missouri Riv. RR. (South Br'nch)
50,521
49,711
guarantees $700,000 bonds for a grain elevator, but in case of
St. Louis Jacksonville & Chicago RR
paying
them will take the elevator.
1,032,396
1,102,696
Prior to 1882 t here had been
very large extraordinary expenses charge l
to operating, which reduced the net
earnings. For the eight months of
1883 gross earnings have been
$2,513,813; net, $824,145, against gross
$2,097,300 and net $015,275 in 1882. Earnings and expenses were as
follows in 1881 and 1882 :
Years.
Gross Earnings. Op’g Expenses. Net

Earn’gs.

$2,705,343

$2,207,403
$437,940
3,334,970
2,302,448
1,032,528
—(V. 35, p. 182, 313, 404, 057, 705; V. 30, p. 221, 251,
364, 500; V. 37,
1882

p.

200.)

Chesapeake Ohio A: Southwestern,—Owns

from Elizabethtown
Ky.,.via Paducah, to Memphis, Tenn., 351 miles; leased, Cecilian branch
of L. A N., 47 miles. Total operated, 398 miles. This
road forms the
western connection of the Chesapeake A Ohio and the
Lexington A Big
Sandy. The company purchased the Memphis Paducah A Northern Paducah to Memphis—and the Paducah A Elizabeihtov
n, subject to the
$500,000 mortgage on the latter, and leased in perpetuity t lit* Cecilian
Branch of Louisville A'Nashville, from Louisville to
Cecilian Junction,
for $60,000 per annum, with option of
purchasing it. Stock—Common,

$6,300,000, and preferred, $3,696,000. Gross earnings for
year 1881
on 350
miles, $789,182; net, $174,796.
In 1882 gross earnings,
$1,027,598 ; net, $252,254. (V. 35, p. 71, 78.)

Cheshire.—Owns from South Asliburnham, Mass.,
to Bellows
Falls, Vt., 54 miles; leased, Mouadnoek Railroad, Winchendon to
Peterboro, N. II., 16 miles; and 10 miles Vermont A Mass; total 80
miles; but the Mouadnoek, 16 miles, is not included in tlie Cheshire
earnings, leaving 61 miles operated.
$51,000 rental paid to Vt A
Mass, for leased portion of road. Gross earnings in
1880-81, $622,595;
net earnings, $135,410.
In 1881-2 gross, $62 5,075; net income,
$114,201. Capital stock—common, $53,300, and preferred, $2,100,000.
Chicago A: Alton. —Link of Road—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City,
30 miles;
to
Washington A Lac’n, 80 miles; Roodhousc to Louisiana, Dwight
38 miles;
"Upper Alton line, 8
.

miles.
Total owiled, 400 miles.
Leased—Chicago
to Joliet, 37 miles; Bloomington to
Godfrey, 150 miles; Louisiana
to Cedar City, 101 miles; Kansas
City to Mexico, 162 miles. Total
leased, 450 miles. Total operated, Dee. 31, 1882, 850 miles.
Organization. Leases, Stocks and Bonds.—Chartered as the
Chic.
A Miss., Feb. 27, 1817;
reorganized under act of Jan. 21,1857. as
Chic. Alton A *8t. Louis, and under act of Feb.




10,

1861, the present

,

dividend

Total
The earnings

$2,791,385
$3,059,945
from traffic on these lines, and the line from Roodhousc
Louisiana, including the bridge over tin* Mississippi River owned
by
mtr
“

to

company, amounts to 43*55 per cent of the entire" gross
earnings
year 1882.”
* * * “Less than 20 per cent of the
gross
earnings from freight traffic during the last two years has been re¬
ceived from transporting farm products of all kinds
shipped at local
stations. The increased traffic of flic last
year has been derived mainly
from increased local shipments resulting from better
crops in Missouri,
and from through traffic to and from Kansas and other
States west of
the Missouri River.”

during the

-

Operations, earnings. Ac., have been
Fiscal year ends Dee. 31.

as

follows for four years past.

OPERATIONS AND FISCAL RESULTS.

1879.
Operations—
Passengers carried
843,429
Passenger mileage... 54,219.072
Rate
2* 119 cts.
pass, p mile

1880..

1881.
1382.
1,495,000
1,666,991
92.847.404 101,150,959

1,203.549

..

78,270,565
2*076 cts.

.

1*828 cts.

1,951 cts.

7,557,740
4,149,713

8,215.494
4,485,881

3,403,027

3,729,613

Freight (tons) moved
2,63 1,177 "3,071.788
3,275,004
3,522,840
Freight(tons) mileage;L02,23 1,396 481,474,730 447,009,977 4 74,823.908
Av. rate U ton jl mile
1*05 L cts.
1*206 cts.
1*2 41 cts.
1*261 cts.
Earnings—
$
$
$
$
Passenger
1.311,708
1,62 1,06$
1,697,542
1,973.100
Freight
4,2 12.791
5,808,484
5,54 >.809
5,948.123
20 L.178
Mail, express, Ac
251,073
313,329
294,271
,

'

....

Total gross earnings.
Operating expenses..

5,755.677
3,0 19,521

7,687,225
4,061,821

Net

2,706,156

3,625,401

52*98

52*82

earnings

P.e. of op.cxp. to earn

.

'

54*90

’

54*60

INCOME ACCOUNT.-

1879.
'

Total gross

1880.

<4;
•t*

earnings.

Net lived pis—
Net earnings

1332.

4:
•T

vj*.

5,755,677

7.637,225

7>t)o7j / 40

2,706,156
33,000

3,625,401
269,505

3,408,027
306,791’

3,729,613

2,739,156

3,894,906

3,714,813

4,062,160

8,215,494

«=

Other receipts

Total net income...

1831.

332,547

’

October,

RAILROAD

1883.]

Subscribers will confer a great favor
DESCRIPTION.
For

explanation of column headings, Ac., sec note"
on lirst page of tables.

Chicago (f- Alton— ■ Continued)—
St. Louis Jack. A Chic., ‘2d 31. endorsed by C. A A..
do
do
‘2d mortgage
La. & Mo., 1st M. ($139,100 assumed by C. A A.)
do
'
2d mort. (int. guar. C. A A.)

pref. stock:
Bonds for K.C.St.L.A C. (1st mort. as collateral).
guar. C. & A
Preferred stock do
Common stock
do
C. A A. bonds on Miss. Riv. Bridge, 1st mort., gold
do

guar.

101
....

102

.

j

l

1880.

1879.

40

270
40
281
40
’

$

754,913

1,007,991

Interest on debt

5(51,279

Taxes

155,901
705,770

771,300
147,418
854,359

00,237

132,743

431.044
702,001
171,(5(52
1,077,970
232,510

2,973,871I

77*( TX>i
o,772,788

Rentals paid
Construction

*102,175

Dividends
Miscellaneous...
Jol. & Chi. b’ds red’d.
rrw-ol

Total disbursem’ts.

inn
ill
2,400.341

*>

•»

Balance, sur. ordef.. sur.333,815 sur.921,035

or

Outstanding

1808

$1,000

$188,000

1808

1,000
1,000
1,000

300,0( >0

1370
IS t 7

1878

100
....

1,090,995

1877
1880
1383

1,000
1,000

1373
1879

1881

1,000

1881
1833
1800
1804
1872
1875
1809
1870
1870
1870
1870
1870
1803
1809
1870

1.000
....

1,000
1,000
500 Ac.

1,000

In

1,000
1,000
1,000

def. 57,970 sur.410,642

addition to this the company

con¬

bonds. The ownership in the other roads above-mentioned is in the
stocks and bonds t hereof, and their accounts are kept separate (701
miles in all), and in tin* balance sheet- the cost To ('. B.AQ. is put down

as $1(5,342,893.
In April, 1883, the Chicago Burlington 6c Quincy pur¬
chased of Mr. Jay Goal l and others the common stock of the Hannibal
6c St. Joseph Railroad at tiie price of about 45, and part of the preferred
stock at par. and paid for these with its$9,000,000 of 5 per cent bonds

Annual election in April.

Stocks and Bon s—The stock has been rapidly incivased for the
acquisition of new lines, and in 1.880 a disti ihution of 20 per cent iti
stock was made. Divpu mis since 1870 have been: In 1877, 9 per

cent; in 1878, 1< *2; in 1879,'8; in 1880, 9*4 cash and 20 stock; in j
1881,8; inl8"2, 8; in 1883, 8. The prices of stock have been: In'
1881, 133**2a-182 32; in 1 = 82, 120^/141; in 1883 to last Saturday, j
11544^129^.
The C. B. A Q. on many of its branch Hues gave a traflie guarantee of
40, to 50 per c< nt. which was used in purchasing their bonds. The C. s
A Q. 4 per cent b< nds were issued against Rep. Valley and Bur. <v Col.
5 per cent bonds held in 11 u»t, and an equal amount of Hop. Valley stock
scrip was also issued to subscribers to tin* bonds, such scrip being ex¬

changed April 1.1882, ini<* Chicago Bui linuton A Quincy "stock. The
Kansas City 8t. Joseph 6c Council Blulfs and nmnehes was purchased,
254 miles, and the Chic. Burl, a Q. 1 per cent bends due Sept. 1, 1921,
issued to pay for it. Enough of the C. B. 6c Q. consolidated mortgage
is reserved to take up prior debts. The bonds of-187(5 for St. Louis Rock
Island 6c Chicago Railroad are plain bonds of Chic. Burlington 6c Quincy,
oflset by mortgage of like amount on St. Louis Rock Island A Chicago
road deposited with trustees. There are sinking funds l'or most of the*

0
0 g.
0
o

7
4A 5
4
4
5
4 g.

*

7
7
5
8
8
8
8
5
5
7
8
8

J.
J.
A.
N.

N.Y.,Jesup, PatonA Co.

do
•*■•
do
do
do
do
do
A.
do
do
N.
do
do
do
Q.-F.
dq
Clue., III. Tr. A Sav. Blc.
A. A O. N.Yk.Jesup, Patou A Co.
M. A N
New York A London.
F. A A.
New York.
Q.-M. N. Y., Bit. of Commerce.
J. A J.
do
do
A. A O.
do
do
F. A A.
do
HO
M. A S.
do
do
M. A N.
J. A J.
Frankfort.
A. A O. N.Y\, N. Bk. of Com’rce.
J. A J.
Boston, Co.’s ollice.
J. A D.
do
do
,T. A J. N.Y\, N. Bk. of Com’rce.
J. A J. New York and Boston.
A. A O.
Boston.
J. A J. N.Y., N. Bk.of Comm’rce
A. A O.
Boston, Co.’s Otlw-e.
F. A A. N. Y., Farmers’ L.A T.Co.
A A O
do
do
J. A J.
Boston, Co.’s Ollice.
J. A J.
do
do

Julv. 1898
July. 1893
Aug., 1900
Nov. 1, 1900
Aug. J, 1833Mav
Nov.

1.

1903

1.

1883

May 20, 1881
Oct.

1,

1912

Nov. 1, 1920
Aug. 1, 1923

Sept. 15.1883
July 1, 1903
Oct, 1,
Feb- 1,

19191922

Sept. 1, 1921
May 1, 1913
July 1, 1890
Oct. 1, 1890
Jam 1, 1896
June 1, 1895

July

July

1,
1,
1,
1,
1,
1,
1,
1,

July

1, 1889

July
Oct.

July
Oct.
Feb.
Oct.

1889

1900
1899
1890
1901
1396
1893
1894

remains yet to be fully determined.
about $74,000,000 in three years,

The increase in stock and debt was
viz., from $58,000,000 January,
1880, to $132,000,000 January, 1883; bn! the full elicet e mid not be
fell in the interest and dividend charges till 1883.
The company gives
no full traflie statistics in its report, and the miie.ige of freight and pas¬
sengers is not known; hut corn is by far the most, important single
article carried, and in 1880 the road brought to Chicago over 40,000,000
bushels, but in 1882 (after the corn failure of 1881) only 15,000,000
bushels.
In 1883

for eight months gross earnings were $15,725,032, net,
$7,403,098; against gross $12,807,479 and net $5,752,290 in 1882.
The last annual report was published in the Chronicle, V. 30, p. 423.
Comparative statistics for four years are as follows:
ROAD AND

1879.

Miles owned and leased
Miles operated jointly.
Total

1882.

3,131
98

2,820
98

2.5G0.052
11,050,023
599,831

$
3,534.209
10,054,197
903,041

3.229
$
4,750,992
10,595,819 15,711,510
1,112,245 1,534,802

earnings...14.817,105

20,492,047

21,324,15022,003,304

11,129,143

10,749,793 11,334,903

1,857
$

Freight
Mail, express, Ac

Net

m

1881.

2,075
97

97

„

operated

Earnings—
Passenger

Total gross

EQUIPMENT.
1880.

1,700

earnings

7,588,883

2,772

2,924

$
3,010,080

INCOME ACCOUNT.

$

$
10/749,793 11,334,963
1.170,437 1,329,725
11,920,230 12,004,688$
$
310,008
148,771
3,430,454 3,883.789
492,154
015,622
4,349,280 5,023,599
087,240
031,143

7,588,883

Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends*
Carried to sinking fund.
Accounts written off
Transf’d to renewal f’nd

7,588,883
$
179,093
2,110,938
328,844

12,028,453

3,031,985
230,493
423,085
1,000,000

4,360,004

Total disbursements

7,354,438
234,415

10,100,703
1,921,095

*

In 1879, S;

1882.

$
11,129,143
899,315

Net earnings
Not B. A M. land grant-

Balance, surplus

1881.

1880.

1879.

Receipts—.

$

203,000
3,282,718
411,590
503,385
1,250,000

$

1.000,000

750,000

10,209,808 11,053,224

1,050,422

1,011,404

in.lSSO, 9*45 in 1881, 8; in 1882, 8.

general ilylaxce

at close of each

1879.
Assets—
$
Rad r’d, cquipm’t, Ac.. 09,214,012
Stocks owned, cost
Bil s A acc ts ree’vabh
2,301,710
■

Materials, fuel, Ac

753,589

...

( ash 011 hand
Trustees B. A M I’d s.i\
Trustees C. 15. A Q. s. fd
N Eng. Tr.Ctrustees
..

.

.

52:*.001

1,095,842
1,273,115

fiscal year.

1880.

1881.

$

$

1882.

$

109,590,188 11 7,527.014 133.493,121
19,318,243

4,510,608

10.581,938

3.520.158
2,07 1.7 10
1,605.278

2,041,133

2,988,015

1,295.190

2,223,1 10
1,: 8 1,007
560,207

2,4 4o,237
1,631,4 07
840,7o8

2,575,990
2,810,600
3,137,995
197,714

1,781,127

1,255,133

Miscellaneous

18.503

Total
Liabilities—

7-1,801,229 125,401,350 138,739,054 105,831,380

Stock,

common

Stock, B. A M
Stock. R

*

•>

55.203,790

09,578,340

73,057

71,350

51,027,725

02,421,050
4,0 - 7,071
0,227,000
4,023,105
0,652,738

1.565.000

publican Yal

Bon is
.27,270.225
2,963,080
Sinking fund-;
('out ngciit liabilities., 3,233,000
Laud g. ant sink, luud 2,104,015
.

Profit and loss

$

$

.30,884,009 52,773,940
7 4,250
120,350

.

were

grant was 2,305,8(51 acres, of winch there had been
1-82, 2. 3 J,G »7 acres, for. $10 439.0 40, an average
price of $5 13 per acre. The gross sales lor the year 1*82 were 241.175
acres, for $1,02 4,5 ;0. an average p-iee of $4 25 per acre, and the lands
jreverted 50,i0G acres, .representing $211,708, leaving net sales of




Dividend.

est. since it could borrow at the lowest rates.
The result of the extension
to Denver, tin* purchase of Hannibal A-. St. Joseph, and other extensions

obtained by the consolidations with
Burlington A Misso ri in Iowa and Bu'iington A Misxmii in Nebraska. | 1 < o.m: account
In Iowa only 2i,5T8 uc:o.s remain unsold, and the eoutraets ontstan 1- ! Renewal foil4
ing Dec. 31 were for $1,40',79o. In Nebraska the total quantity ic-! Mi-ct Ham oils
eeived under tu“
sold to Dec. 31,

Stocks—Last

190.978 acres, for $782,828, an average price of $4 09 per acre. Cash
receipts lor the year 1882 were $1,433,791. In tin* assets are: Con¬
1,127,534 tracts on hand, $4,459,849 ; interest on contracts on hand, $822,230;
71,222 ; 33 VJSG'Sl ncres unsold lands, estimated at $2 25 per acre, $749,827.
Operations and Finances.—The Chicago Burlington 6c Quincy Rail¬
701,122
198,021 road has been one of the most profitable in the couiury, as its numerous
1,083,080 j branches tributary to the main line were built into choice agricultural
97,940 j territory, where they enjoyed a monopoly of the local business at full
300,000 j rates. Recently the company has greatly extended its lines and in¬
creased its stock and bonds, but the latter only at 4 to 5 per cent inter¬
a 11.1 ••1 *1 u
3,045,518

ChiOUj-o Burlington & Quincy in Illinois and ine Burlington A Missouri
River in Iowa.
In 18SO the Burlington 6c Missouri in Nebraska
absorbed.
was
Tue leased lines are practically owned and there!
is no charge for rentals in the income account, except as interest on

issue s of bonds.
Land grant.—The lands

pal,When Due.

and by

$

Chic. 6c Aurora and the Cent. Military Track railroads, and purchased
in I8601lie Northern Cross HR. and in 1802 the Peoria 6c O.piawka road.
The present company was a consolidation in January, 1875. of the

v

Bonds—Princi¬

OR DIVIDENDS.

1S82.

road, 181 k> miles ;
miles; the Chicago
Burlington & Kansas City, 153 miles; the St. Joseph Sc Des Monies, 50
miles; and a half-int rest with Wabash in the Humeston Sc Shenandoah
road, 113 miles. Also owns a majority of the stock of Hannibal A St.
Joseph Co., purchased in 1883.
Organization, Ac.—TheC. B. A Q. was a consolidation in 1850 of the

The fiscal year ends Dec. It 1.

740

2,325,000
840,000
4,182,050
74,000
159,500

50 Ac.
500 Ac.
500 Ac.

trols and largely owns the St. Louis Keokuk & N. W.
the Kansas City St. Joseph A Council Blurts. 313

at par.

0 g.
1 k>

890.500
720,000

500 Ac.

.

3,229.

313

09,814,191
13,980,000
11,190,000
7,908,000
4,300,000
9,000,000
591,000
053,000
547,500
373,000
545,500
1,070,000

1,000

A
A
A
A
A
M. A

7

5,000,000
100
1,000
1,000

J.
J.
F.
M.
F.

7
7
7

262,100
2,80b,000
1,750,000
271,200
700,000
0,500,000

1,000

Kan. C. St. L. Sc C. net

at the close of 1882 was

discovered in these Tables.

When Where Payable,
Rate per
Cent.
-Whom.
Payable

1,351,000
300,000

100

.

earnings, which were devoted to construction,
in accordance with agreement.’
—(V. 35, p. 188, 205, 404, 455; V. 30, p. 218, 453; V. 37, p. 127.)
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, 0„ on
line of N. Y. Pa. & O., to Hammond, I ml., 219 miles, and thence over
t ic Chicago A West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. & O. and N. Y; L. E. Sc W., and both these companies guaran¬
tee the gross earnings on business over their roads to and from the
Chic. & Atlantic, as security for interest on the bonds. Stock, $L0,u00,000. of which $9,000,090 is deposited with II. J. Jewett, President of
N. Y. L. E. A W., in mist to hoi l and vote on it.
(V. 35. p 51, 211,
237, 405, 54G, 705, 707; V. 3(5, p. 339, 5(50, 731; V. 37, p. 22.)
Chicago Burlington Sc Quincy.—Link of Road.—The C. B. A
Q. is one of the most complex railroad systems in the United States. Its
network of lines in Illinois, Iowa and Nebraska could only he shown in
the Supplement by a map. The main line extends from Chicago, Ill.,
to-Burlington, Iowa; 204 miles, and thence to Pacific Junction, 200
miles, and from Pacific Junction to Denver. Col., (5(59 miles, making the
distance from Chicago to Denver 1,079 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. A C.
B.), making the C. B. & Q. line, Chicago to Council Bluffs, 428 mites.
The Extents, to Denver was opened May, 1882.
Besides numerous local
roads the company also has its line in Illinois to East St. Louis, and to
Quincy, connecting with the Hannibal A St. Joseph road (purchased by
(3. B. Sc Q. in 1883) across Missouri to St. Joseph. The mileage reported
*

Amount

Par
Value.

....

....

1881.

$

$

Disbursements—

Size,

....

....

fund $50,000) coup.
Quincy Alton A St. Louis, 1st mortgage, guar
Burl.A Mo. Riv., 1st on r’d A400.000ae’s I’d ) Cp.
do
1st M. on br.,C.B.AQ.sfk.(5tli ser.) > or
do
Conv. bonds, C.B.AQ.stk.(Gth ser.) ) reg.

any error

>

37
150
101

....

.

35

INTEREST

Miles
Date
of
of
Road. Bonds

249
Chicago <€• Atlantic—1st mort., gold
249
2d mortgage
*•-'29
Chicago Burlington <£■ Quincy—Stook
—
82; >
Consolidated mortgage coupon, (for $30,000,000)
740
Trust mort.on Iowa lines,coup.or reg.(s.f. I1-.* p.e.)
Bonds Den.Ex.(Rep.Val.aml B.A Col.bds pledged)
Plain bonds (s.f.l p.c.) for K. C. St. J.A C.B. stock
Debenture bonds for Hail. A St. Jo. stock
100
Northern Cross R. R. 2d. mortgage, gold
90
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
33
Bonds of 1875, (sinking fund $13,800 per year)..
40
Dixon Peoria A Hannibal, 1st. )
f
70
Ottawa Oswego A Fox Riv., 1st I Coup., but may }
44
Illinois Grand Trunk, 1st mort f be registered. |

Quincy & Warsaw, 1st mort

BONDS

by giving immediate notice of

,

B’ds for St. L. R. I. A C. (sink,

AND

STOCKS

.

.

.

.

4,11 ",263
2,0 10,000

1,673.582
70.00 1

44,093,925
3,9 -3,735
lo,32 1.800

2,790,370
1

19,419
3,2-.0,00 >
2.72(f,7o 1
3,73-',207

4,760,001
7,195,0 M>

3,119.814
1,709,837
4,2 0,000

5,381,174

5,000,000
1.352,022

4.691,300

5,388,018

Total
74,801,229 12 i,401,350 138,739,054 165,331,380
—(V. 35, p. 93. 200, 297, 450, 077, 702 ; V. 36, p. 23, 312, 423, 731; V.
3 7, p. 234, 200.)

36

RAILROAD STOCKS

Subscribers will confer

a

AND

BONDS

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

DESCRIPTION.
For explanation of column
first page

headings, Ac.,

see notes

of tables.

INTEREST OR DIVIDENDS.

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

Amount

Rate per When Where
Cent.
Payable

Outstanding

Bonds—Prin ol

pal,When Due
Payable, and by Stocks—Last
Whom.

Dividend.

|

on

[VOL. XXXVII.

do
Omaha A S.W., 1st M., guar
Burl. A Mo. bonds, s. f. for
Atcji. A Neb. RR. stock
Nebraska consol, mort., guar
Republican Valley RR., sink, fund bonds
Atchison A Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. A C. Bl., mortgage
do
do
income bonds, reg...
Chicago <t Canada Southern—1st mort., gold
Chic, tfetroit <£■ Canada Gr. Ti'unk Junction—1st M.
Chic. <t East. III.—Stock
1st M.,coup. (s. f. $20,000 after ’85)
2d mortgage income (11 on-cumulative)
C. A E. Ill. Extension, 1st mortgage
Dan. A Grape Creek RR.— 1st
mortgage
Chicago iC- Grand Trunk—1st mortgage, $ aud £
2d mortgage for $6,000,000
Northwest. Grand Trunk, 1st mort

191
49

.

Chicago
2d

Iowa—1st mort., coup., may be reg

mortgage
Chicago lore a <£ Nebraska—Stock
3d mortgage (now 1st)
Chicago Milwaukee <£ Sr. Paul--Com. stock
Preferred st’ek (7 p.c. y’rlv, not cumulative)
Consolidated mortgage- (for $35,000,000)

1st mortgage (Lacrosse Div.), eon. or reg
2d mort. (Lacrosse Div.) ) Coup., but may be
1st mort. (Iowa A Minn.) 5 reg. by endorsement

;

....

133
148
149
72
274
m

m

m

m

67
59
253
123

123
14
12
330
360
66
80
80
82
82

4,520

4,520
.

(

370
370
220

1878
1872
1880
1877
1879
1878
1880
1877
1877
1872
1859
....

1877
1877

1881
1880
1880
1832
1890
1870
1371
....

1863
....

....

1875
1863
1864
1867

$G00Ac. $11,441,200
1,000
710.000
1,000
3,347,000
1,000
560,000
1,000
939,000
100 Ac.
1,125,000
600,000
100 Ac.
4,495,522
100
2.488,174
1,000
2,541,000

6
8
4
7
6
7
7
7
6
7 g.
6
3
6
7
6
6

-

...

100
100
100 Ac.
100 Ac,

1,000
1,000

1,095,000

3,000,000
250,000

1,000
500 Ac.

6,351,016
3,818,965

6 g.
5
6

649,500

1,000
1,000

600.000
1,150,000

8
8

100
500 Ac,
100
100

3,916,200

4
7

1,000
1,000
1,000

211,500

30,904.261
16,540,983

3*e
3*2

11,033,000
5,279,000

7
7
7
7

387,000
3,201,000

1,000

A J.
D.
A O.
A 0.
A J.
A 8.
J. ~A J.
J. A J.
A. A O.
A. A O.
J. A J.
M. A S.
J. A D.
Dec.
J. A D.
M. A N.
J. A J.
J. A J.

•

3.000,000
767,000
250,000

£100 Ac

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

Boston, Co.’s Oflice.

A

J.

A

J.

J.
J.
J.
F.
! A.
! A.
J.
J.
A.
J.

A
A
A
A
A
A
A
A
A
A

J.
J.
J.
A.
O.

!

Chicago Burlington <& Quincy—(Continued)—
Burl. A Mo. consol.M.for $14,000,000, s.f.
$30,000

O.j
J.
J.

0.|
j.;

do

do

Boston. N. E. Trust Co.
Boston, Co.’s Olliee.
do
do
do

do
do
do
Boston and New York.
Boston, at Oflice.
N. Y., Union Trust Co.

London, England.

July 1, 1918
June I, 1896
Jan. 1, 1910
Oct. 1, 1896

July 1, 1919
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
Jan. 1, 1907
April 1, 1902
July 1, 1884
Mar. 1, 1882.
Dec. 1, 1907
Dec., 1907

N. Y., Central Trust Co.
New York. 4th Nat. Bk.
N. Y., Central Trust Co.
New York. 4ih Nat. Bk. Dec. 1, 1931
Boston, Globe Nat. Bk.
May, 1920
New York and London. Jan.
1, 1900
do
do
Jan., 1922
N. Y.. E. P. Beach. B’
way. Jan. 1, 1910
New York aud Boston. Jan.
1, 1900
do
do
Aug. 1, 1901
Boston, Merck. Nat.Bk. July 2, 1883
N. Y., Nat. Park Bank. Aug.
15, 1894
New York, Oflice.
Oct. 15,1883
do
do
Oet. 15, 1883
do
do
July 1, 1905
do
do
1893
do
do
1884
do
do
1897

j
1
-

j

Chicago A: Canada Southern.—Owns from Grosse Isle, Mich,
Fayette, O.,07 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South. It has a capital stock
amounting to $2,(597,400
and a bonded debt of $2,541,000, and owes upwards
of $1,080,000 over¬
due coupons. Original cost, $5,170,557.
It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Augustus
Schell, President, N. Y. City.
to

Chicago Detroit A Canada Grand Junction.—Owns from
Port Huron, Mich., to Detroit Junction, 59 miles.
Opened in 1859.
Leased to Grand Trunk of Canada. Darnings in

1882, $38(5,294 ; net,
Rental received, $112,500, out of which paid interest, $05,700,
semi-annually, each 2 per cent, $43,800. Capital stock,
$978,984.
The road is owned by the lessees, but a separate organiza¬
tion is maintained in Michigan.
$09,909.

and dividends,

Chicago A Eastern Illinois.—Owns from Dolton, Ill., to Dan
ville, Ill., 107*2 miles; Covington, lnd., to Coal Creek, Ind.. 10*e miles5
Danville to Sidell’s, 23 miles; leased, Dolton to
Chicago (C. A W. I.),
17 miles; Wellington Junction to Cisna, 13 miles: Evansville Terre
Haute & C. RR., Terre Haute to Danville, Ill., 55
miles; Otter Creek to
Brazil, Ind., 14 miles; Danville, Ill., to Covington, Ind., 13 miles;
total operated, 253 miles. The least's of 17 miles, Dolton to
Chicago,
and 13 miles, Danville, to Covington, are contracts for use of track over
other roads; the rental of tirst is $50,250 per year, and the other
(Ind.

Bloomingtujp & Western) is $0,900

per year.
The Evansville Terre
Haute A Chicago was leased May 1. 1880, for $75,000
per year.
The Chicago A East Illinois was chartered as
Chicago Danville A
Vincennes in 1805, aud opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under
existing style Sept. 1,1877.
In March, 1882, the U. S. Supreme Court reversed the decree of fore¬
closure of the Danville road, but granted a
rehearing, on which the
old decree was reversed and the cause remanded.
The litigation has

not yet been concluded.
Report for year ending June 30, 1883, showed
gross earnings, $1,759,132; net, $770,191. Payments - Interest, includ¬
ing 7 per cent on incomes, $203,774; rentals, $199.008; miscellaneous,
$13,802; total payments, $477,301; surplus. $292,880. (V. 35. p. 21.
78. 373, 404, 454,480, 515, 001; V. 30, p. 312, 479,
509; V. 37, p. 375,
399.)

Chicago A Grand Trunk,—Line of road from Port Huron, Mich.,
to Chicago, 330*2 miles; also uses 4*2 miles of Chicago A West.
Indiana
and 4 mile# Grand Trunk Junction lilt.; total operated.
339 miles. This
is a consolidation of roads between Port Huron and
Chicago formed in
April, 1880, under the control of the Gr. Trunk of Canada. It includes
the former Port Huron A Lake Michigan and the Peninsula
roads, sold in
foreclosure. Stock, $0,000,009 in $100 shares. The Grand Trunk of
Canada gives a tratlic guarantee of 30 per cent of
gross earnings on
business to and from the Chicago A Grand Trunk Road. Gross earnings
for 1881. $1,631,751 ; net, $199,720; for
1882, gross, $2,271,000; net,
$385,579.; interest charge, $335,508.

Chicago A Iowa,—Owns from Aurora, Ill., to Foreston, Til., 80
miles; leased, Flagg Centre to Bickford, 24 miles; total operated, 104

miles. Chartered in 1809 and opened in 1872.
In hands of a Receiver.
Gross earnings for year ending Dee. 31, 1882, were
$525,071; net, $88,309. Capital stock, $1,428,000, This road is used
by the Chicago Bur¬
lington A Quincy to connect with the Illinois Central, and in Feb., 1882,
it was reported to have passed into control of parties interested in

Chicago Burlington A Quincy.

Chicago Iowa A Nebraska.—Owns from Clinton, la., to Cedar
Rapids. Ia. (all steel), 82 miles. Operated by Chic. A Northwestern under
permanent lease, at 37*2 per cent of gross earnings. The maximum rent¬
al by subsequent temporary agreement lias not exceeded
$500,009 a
year. Horace Williams, President, Clinton, Ia.
Chicago Milwaukee A St. Paul.—Link of Road.—The company
operates a great consolidated system of railroads in Illinois, Wisconsin,

Minnesota, Iowa and Dakota, which could only be well shown in the
Supplement by a map. A11 enumeration of the roads seriatim

but little idea of the

conveys

territory actually covered. The main through
lines are from Cliieago to Milwaukee, 85 miles; Milwaukee to St. Paul
and Minneapolis, via La Crosse, 341 miles; Milwaukee to
Prairie du
Clilen, 194 miles; McGregor (opposite Prairie du Cliicn) to
Chamberlain,
Dak., on the Missouri River, 442 miles; Chicago, via Savanna, on the
Mississippi River, to Council Blurt's, la., 487 miles; Minneapolis to Aber¬
deen. Dak., 288 miles. On Dee. 31, 1882, the
mileage in Illinois was 313;
in Wisconsin, 1,181; in Iowa, 1,319; in
Minnesota, 1,058; in Dakota,
648. Total miles operated, 4,520.
-**
Organization, Ac.—The Milw. A St. Paul RR. Co. was organized
May
5, 1803, and embraced a number of other companies, including the Mil¬
waukee A Misp., the Prairie du Cliieu, the Lacrosse A
Milwaukee, and
otners. The Milwaukee

A St. Paul afterward
purchased the St. Paul A
Chicago Road aud others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the
company took its present name. The
Western Union Railroad was leased iii 1879 for 999
years, and the bonds
were retired by the issue of the Chic. Mil. A St. Paul bonds
secured by
The fiscal year ends Dee. 31. The annual
mortgage on that road.

meeting is held early in June.
Stocks and Bonds.—The preference of the
preferred stock is a prior
right to a noil-cumulative dividend of not exceeding 7 per cent from
net earnings (except that $250,000 above interest on bonds
may be




reserved

working capital, before payment of the dividend.) After
on preferred aud 7 on common, both classes share
pro rata.
Dividends paid on the stocks since 1873 have been as follows
; I11 1874,.
7 on preferred in consol, bonds; in 1875 no dividend
made; in 1870, 3*^
cash on preferred and 14 per cent in
bonds; in 1877, 3*2 on
ferred; in 1878, 10*2 on preferred; in 1879,2*2 on common and 7pre¬
on
preferred; in 1880, 1881, 1882 and 1883,7 on both. The
range in
prices of stocks since 1877 have been. Preferred in 1878,
04@843t;
in 1879, 743s^102?4: in 1880, 99© 124*8: in 1331.
1163*3140; in 1882,
114*2«/l l 1*4; in 1883, to last Saturday, 115©122*4. Common stock in
1878, 27*2©54^b; in 1879, 34:*g©82*8 ; in 1880, G0*o©114^4 : in
1881,
101 *2©12J*4; in 1882, 9(3*2©128*4 ; in
1883, to lust Saturday, 9278®
108*2.
as a

payment of 7

Of the increase of stock in 1882 the annual report
said:
ferred stock of the company was increased
during the year

by the conversion of mortgage bonds into preferred stock,

“The pre¬

$2,016,000

as provided
by the articles of association and the terms of the bonds.” * * * “In
authority given by the stockholders at the last annual
meeting, the common stock was increased $7,500,000; $7,101,948 of
whieli was issued at
par to the stockholders who subscribed for the
same, one half payable in cash and one-half charged to income account.”
Of the consolidated mortgage bonds of 1875,
enough are reserved to
take up the prior bonds. The latter had a
sinking fund of 1 percent
per annum, but holders may have their bonds
stamped and discharged
from the operation of the sinking fund. The
Chicago A Pacific Western
Division bonds are issued at $20,000
per mile on new lines built or
acquired. On roads purchased the C. M. A St. P. has usually issued its
own mortgage bonds,
directly secured 011 the pieces of road so purchased.
Lands —The hind's acquired by the
company under different purchases
and consolidations have Jieen closed our. the
report for 1882 stating
that the lands had all “ been sold
during the year, except about 100,000
acres, mostly in the State of Wisconsin.
The net receipts to the
treasury of the company from sales of laud during the years 1881 and
1882 are $1,224,3(5 4; aud the amount now due the
company on
contracts
and
mortgages
is $1,787,508; in addition to which
the sum of $210,000 is held in trust to abide the
decision of a suit
brought by this company against tlie Sioux City A St. Paul Railroad
Company, which was by that Court decided in this company’s, favor, and
is now pending on appeal in the Supreme Court of the
United States.”
Operations, Finances, Ac.—The mileage and also the stock and debt
of this company increased very
rapidly in three years, the miles owned
being 2,3 ‘>9 on January 1, 1880, against 4,520 011 January 1, 1883, aud
the stock and bonded debt, in round
tigures. $(59,000,000 on January 1,
1880, against $13 4.000,000 January 1, 1883; Tile main
question as to
the company’s income depends on the success of so 1
irgc an amount of
new mileage, on which the tratlic is to be
gradually built up. and the
operating expenses meanwhile are considerable. Tne gross
earnings
in 1883 show a large increase over 13^2, but as there
are no monthly
reports of expenses the net earnings are not known. -For 7 per cent
dividends per annum on both stocks the requirement is
$3,100,000, and
for interest on the bonded debt as it stood
January 1, 1883, the re¬
quirement is $5,600,000, making the total income needed for those
two items $8,700,000.
Remarks as to the floating debt were in the
Chronicle, V. 3(5, p. 299 and 329.
The following table shows the
operations, earnings, capital acoounty
Ac., for four years:

accordance with

1879.

Miles of road

1880.

2,359

1881.

3,775

1892

4,217

4,520

OPERATIONS AND FISCAL RESULTS.

Operations—
1879.
1980.
1881.
1882.
Passenger mileage... 78.119,592 111,561,919 137,940,086 200,790,926
Rate
per pass. p.

Freight (tons)

mile

2*93 cts.

2*84 ets.

2*86 cts.

mil’ge.401,595,734 504,876,154 697,347,607

Av. rate p.ton p.

Earnings—

mile

Passenger
Freight

Mail, express, Ac*...
Total gross earn’gs...
Operating expenses..

1*72 cts.

1-76 ets.

$
.
2,273,701
6 850,755

$
3,159.051
3,884,227
1.042,841

883,363
10.012,819
5,413,794

13.086.119

7,742,425

1'70 ets.

2*58 cts.
945.250,159
1*48

ets.

$
3.938,939
11,384,795
1.201,677

$
5,179,078
14,002,335
1,205,313

17,025,461
10,317,931

20,336,726
12,186.073

Net earnings
4,539,025
5,343,694
6,707,530
8,200,653
including elevators, stock-yards Ac.
f Including elevators, stock-yards, personal
injuries and damages to
property, legal, insurance, rent of ears, Ac.
*

,

•

INCOME ACCOUNT.

1879.

Receipts—

Balance January 1...
Net earnings
Other receipts
Total income

2,520,074
4,539,024
74,517
7,133,615

D isb u rsc men (s—

Interest on debt.
Diva, onpref. stock
Rate of dividend
Divs. on com. stock
Rate of dividend

$

$

2,287,407
..

859.564
7

..

385,106
2*2

1880.

$
3,531,533
5,343,094
324,293

9,199,530
$
2,837,385
859,564
7

1,073,293
7

1881.
$
4,343,283

1882.

$

6,707,530

5,593,010
8,200.653

635,303

623,814

11,686,121
$
4,127,389
837,424

14,417,477
$
4,786,054
1,032,744

7

1,073,298
7

7

1,428,293
■

7

*

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

see

note s

Miles
Date
Size, or
of
of
par
Road. Bonds. Value.

Chicaao Milwaukee & St. Paul—(Continued)—
1st mortgage (Minnesota Central).
1st mortgage (Iowa A Dakota)....
Coup., but
1st M.,Ia7ADak.Ext.($15,000 p.m.)
may be
1st mortgage (Prairie du Cliien)...
2d mortgage (Prairie du Cliieu)... [ registered

335
235
235
....

130
75
85
160
212

inent.

St.P.AC.lst 1\I.(Riv. D.)$A£(eouv.)
on

49
....

by end’rse-

Milwaukee & Western

Bonds

OR

INTEREST

DESCRIPTION.

1st mortgage, Hastings
1st M.. Chic. A Mil. Hue

37

BONDS

AND

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

Subscribers will confer a great favor

For

SIOCKS

RAILROAD

October, 1883. J

A Dakota.

Lac’se A Dav. I)iv., for Dav. A Nw. RR.

Istmort. on S. W. Div. Western Union R1L.
1st mort. on Chic. A l’ac. Div., Chic, to Miss. Riv..
Istmort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds
Land grant ami income bonds
Istmort. on Hastings A Dakota Uiv. extended ..
1st M.on Cli.Cl.D.AM.($700,000 of this lieldiu tr.)
Istmort. on Wisconsin Valley RR.
Prior mort.
do
1st mortgage, Mineral Point Division
1st mortgage Chic. A Lake Superioi Div
lstM.Wis. A Minn. Div ($20,000 i m.)
...............

.

IstM., gold, on Chic. A Pae.,\V. Div., $20,000 p. m.
Dubuque Southwestern, 1st mort...

Chicago <£ Northwestern—Common stock
Preferred st’ek (7 p. c. y’rly, not cumulative)

....

540
•

....

158
300
107
107
142
6*
143
719
47

3.584

,

193
193

193

Outstanding

$1,000

$123,000

1,000

541,000
3,505,000
3,674,000
1,241,000
215,000
3,805,000
89,000
2,393,000
2,500,000
4,000,000
3,000,000
7,432.000
278,000
1,600,000
5,290,000
6,710,000

1,000
1,000

1,000

1,000
....

1,000
1,000
....

1,000
1.00 )

1,000
....

....

3,584

Bonds, pref. (sink’g fund). 1st mort. Chic, to Osh.
Interest bonds, funded coup., 2d m. Chic, to Osh.
1st mort., general, 3d mort., Ciiie. to Oshkosh

1864
1869
1878
1868
1868
1861
1872
1872
1873
1879
1879
1880
1880

Amount

1883
1380
18*0
1880
1879
1880
1381
1831
1881
1863

1,000
1,000
1,000

....

1.700,000

1,106,500
2,840.000
1.360,000
3,335,000
14,3*0,000

1,000
1.000
1,000

l.uoo
1.000

64,000

100

26,502,755
22,323,190
971,400

....

1859
1862
1859

107

500

100
100 Ac.
100 Ac.
100 ifec.

Where

Rate per

When

Cent.

Pay’ble

Whom

New York, Ottice.
J.
do
do
J.
do
do
J.
do
do
A.
do
do
A.
do
do
J.
J. London and New York.
J.
New York, Otliee.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Boston
J.
,T.
New York, Ottice.
do
do
J.
do
do
,T.
do
do
J.
do
do
O.
D. New York, Co. ’s Otliee.
do
do
Q.-M.
do
do
F. A A.
do
do
M. A N.
do
do
F. A A.

7
7
6
6
7

5
5

5 g.
5 g.
7

3L>
2
7
7
7

676,300

Payable and by

A
A
A
F. A
F. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
r. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
A. A
J. A

6
6
7

3,440,300

pal,'When Dae.

J.
J.
J.

7
7
7
8
7-3
7
7 g.
7
7
5
6

.

Bonds—Princi¬

DIVIDENDS.

^

Stocks—Last
Dividend.

1894
1899

July 1, 1908
1898
1898
1891

Jan., 1902
1902
1903
1919

July 1, 1909
Jan. 1, 1910
1. 1910
1890

Jail.
Jan.
Jan.

1, 1890
1, 1910
July 1, 1920

July 1, 1920
Jan.

1, 1909
1910

July 3, 1921
1921
1921
Oct., 1883
June 28, 1883
J ill v 1,
Jan. 1,

Sept. 29, 1883
Aug. 1, 1885
1883

Nov. 1,

Aug. 1, 1885

.

1*79.

18 SO.

$

$

1882.

1881.

70.000

81,000

531,538

4,313,283

5,593,010

*
3,550,974
3,019,407

Total disbursements..7,133,015

9,199,530

11,080,121

14,417,477

Miscellaneous

Balance, Dec. 31

GENERAL BALANCE AT CLOSE OF

1879.

EACH FISCAL YEAR.

1881.

1880.

1882.

$
99,185,683 120,073,630 138,015.099
7,133,028
2,163,567
1,265,364
768,846
2,361,234
483,604
783,992
663,641
1,028,764
385,971
564,715
1,495,113
801,094
382,951
555,200
2,909,732
#

$

$

Assets—

$

Railroad,oquipm’t.Ac 63,399,448
St’cksAb’ds

own. .cost

BillsAaco’tsrec’vable
Materials, fuel, Ac.
..

Casli on hand
Da veil. & N’west RR.
Ill. & Iowa coal lands
Cash due on st’k subs
Miscellaneous items..

^

1,750,000

503,119

..

112,329

232,736

1,129,215
417,600

689,578
255,061

the sinking fund for these bonds is $200,000 per year from
May, 1888, if they can be redeemed at 105.
Land (.{rant.—The lands of the company have been acquired by the
purchase of the Winona A St. Peter and other roads that have been
consolidated. The Commissioners* report for 1882-83 showed that the
total consideration for the lands and lots su’d in 1882-83 amounted to
$1,205,540. The number of acres which were actually deeded from
the various grants during the year was 200,545, and the number of
acres under contract of sale at the end of the year was 387,399. The
receipts from cash sales and advance payments amounted to $667,500;
from time payments on credit sales, $235,437; from Interest on con¬
tracts, $58,788; and from trespass on timber lands and stumpage,
$64,717. Total cash receipts, $1,020,444. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at the end of the fiscal year showed a total of $1,019,241.
stock;

74,066,074 103,313,644 125,636,593 146.55 4,603
$
$
$
$ -

15,404,201

15,404,261

Stock, preferred
12,279,483
Bonds (See Sufplm’t) 41,349,500
All ot her duos A aee’ts
789.927

67,172,000

Stock, common

Income account

Unpaid pay-rolls, Ac.
Land department
Advances

12,404,483

3,531,538

2,067,165
4,343,283

711,365

1,048,541

20,404,261

27,904,261

14,401,483 10,447,4*3
79,059,000 89,035,500
3,899,002
5,593,011

4,943,872
3,619,408

2,279,836

2,216,030
1,787,509

873,911

Total liabilities... 74.066,074 103,313.044 125,636,593 146,554.663
—(V. 35, p. 21.23, 182, 211, 431, 450,487,574, 576. 637. 658. 763;
V. 36, p. 18,139, 193. 299,312,329,451,053; V. 37, p. 48, 98, 175.
234.)

Chicago A Northwestern.—Line of Road—'The

Chicago & Nortlu

wcsiern operates 3.5s i miles of its own roads and cunt rols 1,150 miles of
theCliie. Sr. P. Minn. A Omaha; total controlled, 4,734 miles. The mileage
is too extended for enumeration, and could only be shown clearly by a

The ipain line from Chicago to East Omaha, Iowa, is 492 miies,
boundary of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignitieant branches. At the end of the fiscal year, May
31, 1883, the Chic. A Northwestern mileage was'made lip in the annual
report as follows :Wisconsin Division, 555'miles; Galena Division, 313
miles; Iowa Division, 653 miles; No. Iowa Division, 369 miles: Madison
Division, 467 miles; Peninsula Division, 374 miles; Winona & St. Peter
Division, 448 miles; Dakota Division, 401 miles; total, 3,584 miles.
Organization, Ac.—The Chicago St Paul A Foml-du-Lae Railroad,
which was a consolidation of several roads, was sold in foreclosure
June 2, 1859, and the Chicago 6c Northwestern Railway was organized
successor.
as its
In 186 4 the company absorbed the Dixon Rock. A
Kenosha, the Gal. A; Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads,
including hose which were operated as “proprietary roads,” and this
process will go on till all those roads are absorbed into the main com¬
pany. The fiscal year ends May 31. The annual meeting is held early
map.

and this forms practically the southern

June.
Stock and Bonds.—Preferred stock lias prior right to 7 percent;
then common entitled to 7; then preferred has a further prior right to
3 per cent; then common to 3; then both classes.share. But the pre¬
ferred stock lias not yet received more than 8 per cent in any j ear,

Name of
Minnesota

unconveyed

during

May 31,’82.

year.

against 7 per cent paid on the common.
Dividends since 1*7> have,
In i 870, 2L> on pref.; in 1877, 3^2 on pref.; in 1878, 7 on prof,
on com.; in 1879,7 on pref. and 5 on com.; in 1880. 7 on pref.
on com.; in 1881, 7 on prof, and 6 on com.; in 1882, 7'h on pref.
on com.
Prices of stock since 1877 have been as follows: Com¬
mon in
1878. 3212tf‘57i4; in 1879, 49^85/94Hi: in 18*0, *719/7.130: in
1881. 1175136; in 18-2, 124®150^;
in 1883 to ‘last Saturday,
Preferred in 1 *7*, 59:h; in 18<9, 767a@io8;
in 1880, 104 5146Lj; iu 1881,
in 1882, 1365175; in 1883
to last Saturday, 1315157.
The sinking fund bonds of 1879 are secured l>y a deposit of mort¬
gage bonds, on the new roads acquired at the rate of $15,000 per
mile, and the terms under which these are issued were published
in V. 29, p. 277. The deed sets forth that this company issues its
sinking fund bonds, to run 50 years from the 1st dav of October.
1879. interest not exceeding' 6 ner cent, and in amounts not exceed¬
ing $15,000 per mile of railroad'actually constructed or acquired.
Of these bonds so far issued, $6,305,000 are 6s and the balance
5s.
There are several small issues of bonds (all less than $200,000
each) in addition to those in the table above, viz.: Appleton exten¬
sion, $116,000, 7s. due 1885; Green Bay extension, $180,000, 7s. due
1885; Mississippi River bridge bonds, $153,000, 7s, due 1884; Beloit 6c
Madison RR., $176,000. 7s,due 1888; Minnesota Valley RR., $150,000,
7s, due 1908 : Plainview, $100,000, 7s, due 1908; Peninsula Railroad
(Mich.), $154,000 7s, due 189*.
In December, 1882, a controlling interest was acquired in the stock of
the Chic. St. Paul Minneapolis & Omaha Co. by the purchase of 53,*00
shares of preferred and 93,2 )(> shores of common stock, and in April,
1883, the $10,000,000 debenture bonds were issued to pay for the




May 1883.

133,839

328,4S2

512,090

31, 1883.
784,532

55,547

57,296

327,792
91,544

6.044
5,113

1,621

485,677
320,125

2,178.281

200,545

387,399

1,590,336

Michigan
Wisconsin
♦Men. River..

....

Total

„

1,240.854

♦Transferred from Men. Riv. RR.

‘

grant to Mich, land grant, 86,431 acres.

Operations, Finances, Ac.—The Chicago 6c Northwestern Railway
has pursued the policy-of extending rapidly its lines, including those
reaching far west to Dakota, and since 1*79 has raised its money iu
great part by the sale of 5 percent bonds. The stock bus not been

rapidly increased (until recently by tin* is me of new stock for stocks of
proprietary roads) and a large nominal 'surplus lias been rolled up in
tin*, balance sheet; (see articles in the Chronicle, p. 163, 174.)
TJie latest annual report (1882-83) was in the Chronicle, V. 37, p.
174, and the following comments were made upon it:
“The annual report of this company, just.,issued, is a comprehen¬
It gives a tolerably clear ex¬
sive and interesting document, as usual.
hibit of tin* operations and financial condition of the immense system of
railroads controlled by the company, except in t wo important particulars,
namely, as to the disposition of the cash receipts from land sales,
amounting to $1.026.1 1 l. and as to the actual surplus assets of the com¬
pany, which represent its cash investments not heretofore balanced by
issues of stocks or bonds.” * *■*
*
“ As to the investments in propriet» y roads, the general balaime sheet gives the only information, and as
numerous items are carried on both sides of the account, it is not easy
for the average reader or stockholder to understand precisc.lv the mean¬
ing of the figures, so far as thev indicate tlie comp iny’s surplus. A few
explanatory remarks in the President's report might make, the whole
matter clear.
On page 163 of t.lie Chronicle to day an article will be
found which analzyes the. balance sheet in regard to the items here men¬
tioned.” * ■* * “The net income applicable to dividends, over interest,
rentals, and all charges, was $4,051,616, against $5,378,075, a decrease
of $1,326,458.”
The following were

an

been:
and 5
and 6
and 7

Acres deeded

Acres

grant.
Total assets
Liabilities—

MAY 31, 1883.
Lauds un¬
Acres under
sold May
contract,

TABLE OF LAND GRANT LANDS FOR YEAR ENDING

earnings, expenses, Ac., for all lines operated:

OPERATIONS AND FISCAL RESULTS.

1882-83
1831-82.
1879-80.
Operations—
1*80-81.
7,968,560
6,754,717
Pass’gers carried.
3,904.798
4,482,317
205,574.178
143,856,303
Pass’ger mileage. 140,110,88 4 161,333,508
2 46 ets.
2-52 ets.
Rate p. pass. p.m.
2*67 ets.
2*53 ets.
8.190,893
7,874,665
Fr’ght(tns) mov’d
0,662,112^
5.574,635
Fr’ght(tns) mirge865.909,542 980,522,774 1, 192.1*8,039 1,183,829,358
1-47 ets.
1 *42 ets.
A v.rate p.ton p.m
1*49 ets.
1*47 ets.
$
$
$
Earn inf/s—
.$
0*119,616
4,158,130
5,171,423
3.737,343
Passenger
16,894,352
17*525,134
12,897,778 14,41 1,151
Freight
1,067,867
761,791
714,228
983,099
Mail, express, Ac.

17,349,349

Tot.gross earns.
Maiut’iico of
“

cars,

way)
Ac

f 8,049.358
f

Transportation.,
Miscellaneous— J
Taxes
Total

earnings
P.c. op.ex.to earn.

Net

9,379,619

382,241

446,202

8,431.599
8,917,750

10.425.821

48*59

23,684,656

24,031,835

r

3,574,119

3.372,994

-j

1,786,140

2,322,099
7,261,952

19,334,072

Expenses—

8,908,251
53-92

{

6,327,258
522,558

496,686
618,785

12,639,634
11,045.022

14,072,516
10,009,319

429,2 59

53 37

58-14

INCOME ACCOUNT.

Receipts—
Net earnings
Disbursements —
Rentals paid
Interest on debt.

1S79-S0.

1 830-81.

$

$

$
1,408,003

8,908.251
$
1.3*4,732

3,322.015

3,647,897

8,917.750

1831-3 2.

$
11,045,022
$
1,569,018
3.999 203

1882-83.

$
10,009,319
$

1,570,948
4,288,633

•28

.RAILROAD

Subscribers will confer

a

DESCRIPTION.
For explanation of column
on first
page

Miles

headings, Ac.,
of tables.

see notes

Date

of
Road. |

779
126
85
25
120

Dakota Central RR., 1st mort
do
1st M.. Southeast Div. (for
$2,000,000).
Other small issues (see remarks below)
Chicago Pekin t£ Southwestern—1st
,

Dividends
Rate on pref
Rate on common.

Miscellaneous
Tot.disb’rsem’ts
J3alance.surnlus.

on

1876
1871
1872
1870-1
1870-1
1871
1870
1872
1878

1,000
o00 Ac.

1,000

1,600,000

1,000

14,090,000
10,009.000
600,000

1,000Ac
1,000
1,000

9G

G3G
271
582
582

1871
1876

107,562

98,120

7*4
GRy
98,120

7,243,101

7.551,022

8.253,583

1.674.649

1.357,229

2,791,439

100

....

1877
1869
m

^

1,000Ac
100 Ac.
100
100

m

....

2,890,337
8
7

98,120

1882-83.

200,000
363,809

200, U00

$30,420,032
55,668,872
200,000

3,233,235
1,125,779
1,255,098

865,819

1,232,033

*2,oi3,219

2.291,340

1,245,918
2,526,482

1,977.865

1,760,608

1,117,000

2,710,498

1,321,000

1,525,000

$129,704,369 $139,139,871 $147,210,021

Sinking funds paid
Real estate,mortgages, Ac....

Current bills, pav-rolls. Ac....
Uncollected coupons, Ac
Rentals of roads in la., not due
General consol, bonds unsold.
Note of Consol. Coal Co
Land income
Accrued interest not duo

Miscellaneous
Balance income account

8,818,038
1,161,281

$76,739,549
54,679,521

j

57,006,000
363,000
831,481

$15,095,924
22,153,119
22,883,150
64,248,000
366,000
971,185

1,117,000
•482,766
2,529,390
63,786

1,321,000
401,774
2,141,311
74,829

272,232
530,000

439.935

303,046
675,430
17,329

689,531
675,430
4,098
7,264,582

7,533,987

407,000

$16,229,916
22,323,190
22,403,400
69,821,000
460,000
1,02 3,406

1,525,000
1,965,653
82,668

530,364
284,000
300,000
1,033,505
675,395
66,601
8,425.863

Total

$129,704,369 $139,139,871 $147,210,021
Consol, sinking fund bonds,
$554,000; general consol, gold bonds,
$284,000; Northwestern Union 1st mort. $1,000; bonds of
sundry pro¬
prietary roads, $2,074,219.
{Including bonds in sinking funds.
tNot including amount 111
company’s treasury.
—(V. 35, p. 187,265,291.297. 347, 374. 405, 431,
478, 577,677; V.
36, p. 183, 365,453, 651, 675 ; V. 37, p. 174.)
*

Chicago Pekin A: Southwestern.—Operated from
Pekin, Ill. to
Mazon Bridge, 111.. 91 miles, of which 6
miles leased. Chartered in
1859 ami opened in 1876. Sold under foreclosure
of second mortgage
May 31. 1881, and reorganized. For year 1881-82.

In 1882-83, gross $273,879
In Eeb., 1882, A. II. Crocker was
appointed Receiver.

Chicago Stock Island

-

earnings were
; net, $54,883.
(V. 37, p. 399.)

gross

$366,003; net, $120,892.

A: Pacilic.—Line

of

Road.—Owns from

Chicago to Council Bluffs, 500 miles; Davenport, la., to
Atchison, Kan.,
345; Atchison Junction to Leavenworth, Kan., 21*5;
Washington, la., to
Knoxville, 77*5; South Englewood to South
Chicago,
Wilton to
Muscatine, 12*5; Newton to Munroc, 17*5; Des Moines to7*5;
Indianolaand
Wintersct, 48 1: Menlo to Guthrie Centre, 14*6; Atlantic to
Audubon,
25*5; Atlantic to Griswold. 11*6; Avoca to Harlan, 12; Avoca
to (’ar¬
son, 17*5; Mt. Zion to Kcosauqua, 4*5.
Leased: Cameron, Mo., to Kan¬
sas City’, 51; Bureau Junction to
Peoria, 47 miles; Keokuk to Des
Moines, 162. Total

operated, 1,381 miles.
Organization—The. Chicago A Rock Eland RR. was chartered
in
Illinois Feb. 7, 1851, and opened from
Chicago to tin- Mississippi River
July, 1854. The extension from the Miss, to the Mo. River was built
by the former .Mississippi A Missouri RR of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa
roads were consolidated
August 22,1866, underthe present title, and the main line was extended
to Council Blntls June, 1869. The Iowa Southern
A'Missouri Northern
was formerly the
Chicago A Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated
June, 1880. The present
Chic. R. I. A Pacilic was a consolidation June
4, 1889, with $50,000,000
stock authorized, and a scrip dividend of 100
per cent to t he holders of
Chic. Ii. I. A P. stock. The fiscal
year ends March 31, and the annual
election occurs in June.
Stock and Bonds.—The stock has
paid dividends as follows since
1876, viz.: in 1877 and 1878. 8 per cent; in 1870, 10; iu
18*0, 8L>: in
1881 and 1882, 7: in 18*3,7. The
price has ranged as follows since
1876, viz.: in 1877.
iu 1878, 9*:{s<2> 122; iu
1879, 119^
loOE; in 1880, t.j> Jnlv, 149«?201; July to
Dec. (new stock). lOOE,^
143; iu 1881. I29®148r’s; in 1882, 122
<$1404; iu 1883 to last Satur¬

day, 117^127'4.

LvNoS.—The report of the. Land Commissioner
says that the sales by
warranty deeds or eontraets to convey by
warranty in 1882-3 amounted
to 27,306 acres. The consideration,
paid or secured, was $278,513, the
average price being, therefore, nearly $10 20 per acre. The bills
reeeiv




G
6
6

6

6
....

7

s

41.960,000
12,500,000

6
7

J.
J.
M.
J.
A.
M.
\I.
M.
51.
A.

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

A N.
A S.
A O.
A N.
A A.
A J.
A S.
A N.

Where

isonas—iTinci

Payable, and by
Wlioniv

New

York, Co.’s Olliee.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do
do
do

*

*

*

Stocks—Last

Feb.

1,

April 1,
July 1,
July 2,
June 1,
Dec, 1,
Jan. l,

1915
1911
1898
1906

1911
1902
1887
Nov. 1, 1907
Dec. 1, 1916

Oct. 1. 1900
June 1, 1917

Sept, 1, 1908

Nov. 1. 1905
1905

do
do

do
do
do
do
do
do
do
F. A A. N. Y., Farm. L. A T.
Co.
M. A N.
Q.-F. New York, Co.’s Office.
J. A J.
do
do
M. A N.
do
do
M.
F.
L
M.
M.

pal,When Due.
Dividend.

’

1?4

5,000,000
10,000,009
20,000,000

Q.-F.
A. A O.
I. A J.
J. A J.
.T. A D.

M.

5 A 6
5
7
6

1,011,000
1,000,000
750,000

....

$74,120,342
48,311.241

21,650,783
21,244,650

7
7

720,000
1,065,000

1,000

7
6

$15,093,488

-

1,528.000

7
6

Btoek, preferred t
-Stocks of propriet’ry roads,Ac
Bonds J (See Supplement)
Bonds purchased
Divid’ds declared, not yet due

7
7 g.
7
7
7 rr.
7 g.
7 '
7
7 g.
8

750.000

....

$

common t

Payable

'

1,592,000
4,091,500
1,350,000
3,371,000
200,000

100 Ac.

1882-83.

Liabilities.

Stock,

1,000
1,000

$
2,586,637

Total

Cent.

560.000

1881-82.

Trustees’ sinking fund

When

2,559,000
12,313,000
2,109,000

•

1880
1879
1883
1*82
1881

Rate per

1.700,000

500 Ac.
500 Ac.

$
2,420,273

hand

$7,033,000
2,987,500

1,000

GENERAL BALANCE AT CLOSE OF
EACH FISCAL YEAR.
Al sse/s*
1880-81.
1881-82.

Cash

Outstanding

500 Ac.

1880-81.

Materials, fuel, Ac

Vol. XXXVII

INTEREST OR DIVIDENDS.

Amount

$1,000

$
2,-105,521

.

BONDS.

1,000,000
90

Chic. Si N. W.— Road & equip..
•Other companies
do
Real estate in Chicago
Des Moines Sc Minn. RR
Bonds owned
Bills and accounts receivable.

or

Par
Value.

..

mortgage

1879-80.

Bonds

Size,

'

Chicago ltock IslandPac.—St’ck (for $50,000,000) 1,381
1st

mortgage, coup, or reg
Chic. A 8outhw.. IstM.g. (g’d in cur.
l»y C.R.I.AP.)
Chicago St. Louis <£ Piltsb.—Common stock
Preferred stock (6 per cent
cumulative)

of

1865
1871

Menominee River. 1st mold., guar
Menominee extension, 1st mortgage, gold
G rn. cons mort., gold,
coup, orreg. <$ IS,000,000) l ,058
Winona A St. Peter, 1st mort., guar by Chie.ANW.
187
do
2d mort., guar. by Chic. & N.W.
137
do
1st 31. extern, gld, land gr., s. f..
175
Iowa Midland, 1st mort., guar,
75
by Chic. A N. \V..
Northwestern Union, 1st mortgage, gold
G2
Rochester A No. Minnesota, 1st
21
mortgage
Chic. Mil. A N. W., construction bonds
Chicago Sn. Tomah, 1st mort., guar
Milwaukee Si Madison. 1st mort., guar
80
Sink. fd.bds.(! st M. as collateral)
($15,000 p. m3..
S. f. debenture bonds (for C. St. P. M. Si
O. stock)
Des Moines Sc Minneapolis Iili. 1st mort.
Ronds...
58
Escanaba Sc Lake Superior RR., 1st mort
36

mortgage

AND

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

'Chicago <f: Xortlneestcrn— {Continued)—
Consol, sinking fund mortgage.
Madison extension, 1st mort.j
sinking fund, gold.
'Chicago A Milwaukee, 1 st mortgage

21

STOCKS

Sept. 1, 1905

Oct,

1,

1929

May 1, 1933
Feb.

1.

1907

July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
Aug. 1, 1901
Nov. 1, 1906
Nov. 1, 1883
July 1, 1917
Nov., 1899

*

able have decreased from
$1,590,631 to $1,403,483 during the
year
The amount received for
interest, Ac., has been $99,415. The land otheo
has remitted during the
year to the Treasurer of the
company at New
York the sum of $560,000 from its not
receipts. The unsold lands of the

company comprise only about 34,750 acres.
Operations, Finances. At:.—The company lias been very
successful
and well managed, and.
including scrip dividends, has paid its stock¬
holders handsomely. The receipts from lands
will soon be out of the
income account. The annual report
for year ending March 31 was in the
Chronicle, V. 36. p. 730, and had the following: “As
compared with the
previ msyear, the movement of passengers one mile
increased 16*89 p.ct.
The gross earnings from
passenger transportation increased 16*81
per
cent.
The average tonnage movement
decreased 8 per cent,
’i I10
rate per ton per mile decrease 1 from
1*28 cents to 1 *11 cents. The gross
earnings from freight transportation decreased 8*6
per cent.” ' The
mileage, earnings, Ac., have been as follows for live years
past:
1879-80.
1880-81.
1881-82.
1382-83.
Miles owned A oper..
1,311
1,353
1,381
1,381
Earnings—
$
$
$
«
Passenger
2,31S,452
2,500.135
2,853,331
3,333,069
Freight
8,035,165
8,690,430
9,687,097
7,928,236
Mail, express, r’nts, Ac
708,045
766,292
726,215
928,593
Total grossearn’gs.
Total

Net

earnings

P.c of op. ex. to earn.
.

Receipts—
earnings

Net

Miscellaneous
From land

departin’t

Total income

Disbursements—
Rentals paid
Interest on debt
Dividends s
Rate per cent
Miscellaneous
Add. and imp. aee’t..
Total disbursements.
Balance, surplus

11,061,662
5,790,541

11,956.907

5,26">,121

5,326,751

52*40

6,630,156
55 45

13.266,643
7,322,862

12,189,903

5,943,781

5,080,036

°

55*20

7,109,817

58 33

INCOME ACCOUNT.

^

5,265,121

^
5,326,751

350,000

490,000

5,615,121
$

5,354,028
$
322,137
949,700
2,727,387
7*4

37,277

135,037
1.078,110

2,097,988
10

2,285,000

3,311,135
6,284,224
2,303.986 def.430.196
—(V. 35, p. 20: V. 36. p 365, 560, 651, 730.)

$
5,943,781
13,208

$
5,080,086

650,000

560,000

6,606,939

5,640,0S6
$
304,383

$
327,593
950,000

2,937,186
7

950,000

2,937,185
7

125,327

147,595

2,215,000

1,300,000

6,555,106

5,639,143
913

51,833

Chicago St. Louis A: Pittsburg.—The mileage is as
follows :
Columbus, O., to Indianapolis, Ind., 187 miles; branches—Bradford
June..
O., to Chicago, Ill., 231 miles; Richmond, Ind., to Anoka
Ind., 102
miles; Peoria Junction,Ind., to Ill.-State Line, 61 miles; June.,
total operated,
582 miles.
This is the reorganization (March
20, 1883,) of the Columbus Chicago
A Indiana Central road, sold in
foreclosure on Jan. II, 1883.
The
C. C. A I. C. company was formed Feb.
12, 1868, by consolidation of
the Col. A Tml. (Jen. and Chic. A Gt. East,
railroad companies, and was
leased to the Pitts, (’in. A St. Louis
Railway Co. Feb. 1, 1869, by which
company it has been operated.
The lease stipulated that the lessees should
maintain the road and
equipment, operate it, and pay over to the lessors 30
per cent of the
gross earnings.
Also, that the rental should always be
cijual to the inter¬
est on $15,000,000 lirst
mortgage bonds of the C. ('. A I. C.
Railway
(Company, and $821,000 of the second mortgage bonds of the
Col. &
Ind. Railroad Company. After default I11
1»75 and much
litigation,
the plan of'settlement with the Penn.
RR.was approved by a majority
of bondholders in 18.82 and carried
out.
This provided that the consoli¬
dated mortgage of the Col. Cliie. Sf, Indiana
Central Railway
Company
should be foreclosed subject to the old
sectional mortgages. That the
property thus sold be bought in and the purchasers form a new
corpora¬
tion to take the property, with a
capital of $10.,000,000 in common stock
and $20,000,000 in preferred
stock, the latter to be entitled to dividends,
if earned, at the rate of 6
per cent per annum, as declared by the board
of directors, and to be cumulative. That
the new corporation issue its
tirst mortgage bonds for $22,000,000,
payable at the end of fifty years,
in gold coin, with interest at the rate of
live per cent per
annum, Ac.
Common stock of the old
company was assessed $5 per share cash, anil
one share of new stock then
given for two of old. A statement of tlio
resources of the new
company when reorganized was given in the
Chuoncle, V. 36, p 509. as fol ows: “ Received from
assenting holders
of seeutities of the (’. C. A I. (’.
Railway Co., under plan of reorganiza¬
tion. $1,593,745; received from IVnii\vivania RR. Co
as agreed under
plan of reorganization and iu settlement of post
claims, $2,400,< 00; due
ftoai the P. C. A St. I,.
Railway Co., balance of net earn nus to Dec. 31,
1882, $283.GO* ; tot al, $1,277,414.
Paid to retire purchasing commit¬
tee's receipts and C. C. A I. C.
Railway Co.’s first mortgage consolidated,
bonis not assenting to reorganization
agreement, $2,606,589; balance
of available cash in hands of
company April 5, 18*3, $1,670,821. The
total assets of the companv arc: Balance of
the mortgage bonis,
.

$3,881,009; pref. stock, $2,467,400; cash,$1,670.82 i; total,
$8,019,224.”
The new company started with, an interest
charge per year of about
$1,200,000; its net earnings for three years'
previously had averaged.

EAILEOAD

1883.]

October,

STOCKS

AND

BONDS,

Subscribers will confer a great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For

explanation of column headings, Ac., see notes
on

first page

INTEREST

Miles Date Size, or
of
of
par
Road. Bonds Value.

of tables.

Chicago St. Louis d:2Vttsburg—f Continued) —
580
1st mortgage, gold ($22,000,000)
J
117
1st M. Chic. A G’t East. (Chic. to Logansport)
208
do
Col. As Ind’polis Cent. (Col. to Ind’s, Ind.)..
93
do
Union As Lbgansp’t (U’n City to Logansp’t)
61
Tol. Logansp’t As Burl.(Logansp. to III. line)
do
102
do
Col..As Ind. com.,lstAs2d pf.(Col. to U’n Cit}')
107
do
Cinn. As Chic. Air Line(Riehm’il to Logans.)
208
2d M. Col. As Ind’polis Cent. (Cov. to Union City)..
Chic. St. Paul Min'polis d- Omaha—Common stock.. 1,150
Prof erred stork

1883
1804
1865

177
120
005
23
12
....

Chicago d West. Indiana— 1st mortgage
General mortgage, gold, sinking fund
Chicago & West Michigan—Stock, new
1st mortgage. New Buff, to St. Jo
Gr. Rap. Newaygo A. Lake Sli., 1st mort. coup

....

....

.

.

.

.

....

2,632,000

Rare per
Cent.

5 g.

510.500

821,000

....

100
100

....

20,015,800
11,900,900
10,340,000
3,000,000

1.000
500 Ac.

1880
1878
1880
1 879
1878
1878

....

1,000
1.000
500 Ac.

2,001,000
367.000

....

100

1865
1875

98

1873

....

1.000

3,500,000
347,900
465,000

1,000
1,000

2,150,000
1,800,000

....

....

.

8
7
5
7
3

30,500

1,000

35 t
35 1
60
00

576,000

334,800
125.000

1,000

«...

8

6,080,000

....

1871
1 875
1881

4X0,000

1,000

1879

....

75,000
3,300,000
7,200,000
6,796,800

800,000

When

g.

g.

g.
g.

Where

Stocks— Last
Dividend.

Payable and by
Whom.

Pay’hie

A. A O. New York, 66 Br’dway.
Various N. Y., Union Trust Co.
J. A J. N. Y., St. Nich. Nat. Bk.
A. A O. N. Y„ Union Trust Co.
F. Ar. A X. Y.. St, Nidi. Nat, Bk.
J. A J. X. Y., Union Trust Co.
do
do
Various
do
M. A N.
do

"ih
6
6
6
6
7
8
7
6
6
3

1,060
....

1879
1882

7
7
7

372,000
113,000

....

....

1864

7
7
7
7

715,000

....

1 869

35
40

224,000

....

1863

•110

do
2d M. on 35 in. A 1 st on 11 in., coup
General mortgage ($12,000 per mile)
Cincinnati d- Eastern—1st mortgage
Cincinnati Hamilton d: Dayton—Stock
Preferred stock for $1,600,000
2u mort. (now 1st)
Consol, mort. ($996,000 are 7s). sink, fund 1 p. c
Cm. Ham. A I. (Junction) RR., 1st mort.,guar

....

....

....

1,150

Consol, mortgage (for $30,000,000)
Chic. St. Paul As Minn., 1st mort., gold, coup
North Wisconsin, 1st mortgage
St. P. As Sioux City, mort., gold, for $7,000,000
St. Paul Stillwater A Taylors’ Falls, 1st mort
Hudson A River Falls. 1st mort
Minneapolis East RR., 1st mort., guaranteed

Outstanding

$1,000 $16,500,000

....

Bonds—Prind

OR DIVIDENDS.

pal,When Due.

Amount

April 1, 1932
1893 A’95

Nov., 1904
Dec., 1905
Feb., 1884

Dee., 1883
1886 to’90

Nov., 1904
Oet. 20, 1883
June 1. 1930
Mav 1, 1918
Jan. 1, 1930

New York, Office

Q.-J.

J. A D. N. Y„ 52 Wall Street.
M. A N.
do
do
J. A J.
do
do
do
do
A. A O.
do
do
J. A J.
J. A J.
do
do
do
do
J. A J.
M. A N. N. Y., I) rex el, M. A Co.
M. A N. N. Y., 52 Wall Street.
Boston.
M. A S. Dost.. Treasurer's office.
N. Y. Union Trust Co.
J. A J.
do
J. A 1).
do
J. A D.
J. A J.
Sardinia, < >hio.
A. A O.
Cincinnati, O.
do
do
Q.-J.
J. A J. N. Y., Winslow, 1, A C >.
do
A. A O.
do
do
J. A J.
do

April 1, 1919

....

14
t

6 A 7
7

1, 1908
1, 1908
1, 1909
1, 1909
1, 1931
Feb. 15, 1883
Sept. 1880
July 1, 1891
June 1, 1905

Jan.
July
Jail.
Nov.
Nov.

1921

,T nl v
Jan.
Oet.

1,

1896

5, 1883
1, 1883

July 20. 1885
Oet., 1905
Jail., 1903

•

about $(><>">.000 per year. It is not known what, trail in the Pennsylvania
RR. may divert to tiiis line from its otner western lines,
For year end¬
ing June 30. 18X3 (see report V. 37, p. 421) gross earnings were $.“>,328,1) 17 : net. $x;>2,9si.

Operations ami earnings for four years past (end. December 31) were :
Passenger
Years.
1879....
1880....
1881....
1882....

....

Miles.
580
5sL
58L
581

....

....

Mileage.

Freight (toil)
Mileage.

Earnings.

Net
Earnings.

G ross

$33,907,484

$402,856,102

$3,911,20 L

$7 56,306

41.432,531

441,353,919
542,045,108

4.795,771
4,953.722
5.122,943

726,260
641,053

43,407,470

....

703.5x4

(V. 35, p. 180, 317, 431, 574. 705; V. 30, p. 55,130, 251,339, 453,500 ;
Y. 37, p. 4 21,1-1.) °
t’lilcago St. l*aul Mimieapolis tV Omalia.—'The mileage is
as
follows: Eastern Division—Elroy to St. Paul, 108 miles; River
Falls Branch,
1*2 miles; Stillwater Branch, 4 mi:es; South Stillwater Branch,
4 miles;
Fan Claire Branch, 3 miles;
Neilsville
Branch. 14 miles; Chippewa Falls Branch. 1 1 miles; St. Paul to Minneapolis, lo miles.
Northern Division—North Wisconsin Junction to
Cable, 120; Superior City Bridge*, 02 miles. St. Paul Division—St. l'aul
to St. .lathes, 122; Luke Crystal to CImore, 4 1.
Sioux City Division—
St. Janies to Sioux City, 148; Sioux Falls Branch, 08; Black Hills
Branch, 41; Rock River Branch. 28. Nebraska Division—Covington to
Omaha, 120; Niobrara Branch, 10; Missouri River transfer, 2 miles;
Norfolk Branch to Emerson. 40 miles. Total owned. 1,115, miles. Pro¬
—

prietary roads, 35 mile£. Total of all. 1,150 miles. This was a consoli¬
dation July, 1880, of the Chicago St. Paul As Minneapolis (formerly West
"Wisconsin), the North Wisconsin, and the St. Paul A Siim.x City. The
St. Paul A; Sioux City was a consolidation in August, 1S<0, of thy St.
Paul A Sioux City and the Sioux City A: St. Paul, forming a main line
from St. Paul to Sioux City, 2/0 miles.
The St. Paul Stillwater A
Taylor’s Falls was- consolidated wit h this company; also the-Worthing¬
ton Sioux Falls Ac Iowa and Covington A Black Hills.
Preferred stock has a prior right to noil-cumulative dividend of 7 per
cent from net .earnings; but common is never to receive more than is
paid on preferred. The Chic. St. Paul A; Minneapolis 1st mort. is a 2d
tin; lands; the land inert, a 2d on road; but no foreclosure can be
had except by default on 1st mortgage.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago A; Northwestern Railway by the acquisition of 03,200
shares of common at an average price of 48*40, and 53,800 shares of
preferred ar an average of lol*ol—the total coat being $10,503,050,
which stock is held as an asset of the Chic. A: Northwestern Company.
Report for 1882-inCiiuoxiCLK, V. 37, p. 120. Earnings, Ac., as follows:
1831.
3882.
Miles owned and operated
1,150
1,003
on

-

Earnings—
Passenger

$014,320
2,013,521
101,111

$1,311,217

$4,021,001

$1,002,202

Freight

Mail,

express,

Total gross

Ac

earnings

3,478,02 1
172,301

IN COM K ACCOUNT.

1881.
$1,245,-100

Ecccijits—
Net earnings
Net from land grants
Other receipts..

Total income
T)isb arsnnentk—
Rentals paid
Interest on debt
Dividends on preferred
Rate of dividend

-.

;

stock

188*2.

$1,721,115

501,144
78,5*83

540,825

$1,828,228

$2,208,884

$53,050
803,530

$27,730
1,014,530

072,737

735.307

0 14

(7)

(7)

Total disbursements
$ 1,7 i 7,003
$1,010,332
Balance surplus
$208,800
$101,221
(V. 35, p. 213, 205, 207, 372, 001, 737; Y. 30, p. 051; Y 37, p. 0J,
126, 375.)
...

—

.

Chicago
Western Indiana.
Owns from Dolton and Ham¬
mond, III., to Chicago, with'a belt railroad and branches, with ware¬
houses, elevator, Ac., 114 miles of track in all, and about 400 acres of
real estate. This company leases its road for right of way into Chicago to
the Wabash, the Grand Trunk of Canada, tin* Chicago A: Eastern Illinois,
the Chic. A Atlantic and Louisville New Albany & Chicago roads; the
annual rental* amount to $702,050, exceeding the interest charge by
$132,050. In 1882 a consolidation with the 8. Chic. A: West. Did. Bit.
and the Western 1ml. Belt road was made with stock of $5,000,000 and
bonds limited to $10,000,000; the general mortgage bonds are liable
to be redeemed after 1885 at 105 by a sinking fund.
(V. 35, p. 450.)

Chicago A: West Michigan.—Owns from Lacrosse, Mich., to
Pontwater, Mich., 200 miles; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
10 miles; Kirk’s Junction to Piekand’s Junction, 3 miles; Muskegon
to Port Sherman, 0 miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. 'Junction to Big Rapids, 51 miles;
"White River Junction
to
West Troy,
17 miles;
total
oper¬
ated, 4lo miles.
Organized as successors of Chicago A: Michigan
Lake Shore Jan. 1, 187‘J, and consolidated in Sept., 1881, with




the Grand Haven road, 57 miles, Muskegon to

Allegan, and the Grand
Rap. Newaygo & Lake Shore, 40 miles, from Grand Rapids to White

Cloud.

Tim annual

Y. 30, p. 425, gives a good account of Hie
Carefully matured etlorts are now being m ole to
secure a
share of the lumber’shipments from Muskegon and Grand
Haven to interior points; and in consequence of Hu* measures already
taken, these shipments haveXbeeu increased from ten million feet in
1877 to over seventy-two million in 1882.
Meanwhile it is proiier
further to say that all improvement hereafter to lie seen in the value of
the Chicago A West Michigan road must, in the opinion of .tour directors,
arise from an increase in,its earnings; it cannot reasonably be expected
to come from any decrease in the cost of operation, or in the outlay for
renewals. The Chicago A West Michigan is not a cheap road to oper¬
ate.”
**Tin* prospective value, of the prop *rty is. therefore, a
simple question of gross earnings.” In 1*>S2 gross • earnings were
$l,5i>3, B>3; net, .8155,645. - Earnings In 1881, $$1,325,052;
net
$270,072.

report in

company’s progress

: ••

INI OMK

ACCOUNT.

1881.

h'v<“'i),!x—
Net-earnings
Other receipts
Total income

Disbursements—
Interest on debt
Dividends
Total disbursements

Balance, surplus
—

(V. 3 t,

p.

86, 522, 547

;

V. 35,

p.

1882.

$

$
-270,072
2,325

455,645

272,307

462,713

$
117.756

$
191,423
353,580

7,068

117,756

345,003

151,611

117,710

577; V. 36, p. 425.)

Cincinnati A; Eastern.—Cincinnati to Ottawa. O., 87 miles, and
branch to Richmond, 12 miles.
Lenses Columbus A- Maysville road, 20
miles. New arrangement made by a syndicate in 1883, but road went
into receiver's hands.
In 1881-82 gross earnings were $95,850; net,
$22,717. There is a 2d mortgage on main line, $212,OoO. due 1890-^ a
mortgage of $89,000 on branch, due 1908 : anil a general mortgage of
$2,000,000 authorized on whole line. (See V. 36, p. 365 ; V. 37, n. 22.)
Cincinnati Hamilton <V: Dayton.—Owns from Cincinnati,
to Dayton, O., 60 miles; leased—Dayton A Michigan, Dayton

O.

to
Toledo, 142 miles; Cincinnati Hamilton As Indianapolis, Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond As Chicago, Hamilton, O.,
to Indiana State line (and leased road), 44 miles; MeConib Toledo As
I)., 9 miles: total operated, 351 miles; each lease reported separ¬
ately.
In April. 1882, Mr. Jewett, of the Erie, and associates, obtained
control of the stock by guaranteeing 6 per cent on 20,<>00 shares which
were purchased and deposited in trust Find t rust certificates issued there¬
for; the guarantee is to make up any delicieuey in 6 nei* cent dividends
on those shares after the application of net income thereto.
In August,
1882, the issue of $1,000,000 preferred stock was voted for improve¬
ments.
The annual report for 1882-83; in V. 36. p. 705 and 730, had
the following: “ The funded debt has been decreased during the j'ear
$50,700, in Mceordance with the provisions of tbe consult lateil mort¬
gage.
hi order t<> meet the. extraordinary expenditures involved in
making the needed additions to, and improvements of, the equipment
and property, the board deemed it wise to issue $.*>00,OuO of the $1,000,< O0 of preferred stock authorized by the stockholders.
Of this amount
3,479 shares have Deen sold at par, increasing the capital stock of the
eompanv $347,900, and expenditures made as follows:
For construc¬
tion. $50,990; for equipment, $333,035; for real estate, $36,131; foraccount of elevator emit met at Toledo, $69,289—total, $490,347*.
The
balance of expenditures, $148,4 1.7 was advanced from cm rent earnings.
“The earnings of the-Indianapolis pool cover a period of but live
months, as the contract was terminated Sept. 1, by mutual agreement.
Thii earnings from the Dayton pool, us shown, .are for a period of but
two monrhs.
The < 'lev. Col. Gin. A* Did. RR. Co. having declined to pay
t in* rentals provided for under the. terms of the contract .no settlements
have been made, since that time, alt hough the terms of the agi cement
are being maintained in other respects, and settlements are awaiting
an adjustment as between the companies.”
Income account for four years was as

operated:
Gross

receipts
Operating expenses

1880-81.

1881-82.

1882-83.

$2,882,300
$1,895,300

$2,901,440

$2,031,004

$3,088,407
$2,014,907

83,002

85,119

539,510

512,096

13.\l(U

132,015

Taxes, Ac
’

Interest
I). As M. dividends

Sundries, pioiit and loss
Other items..
Total expenses
Net surplus
—Y. 35, p.

follows, including all the roads

80,022
579,315
132,902

3,318

750

3,710
14,500

10,086

0,880

and interest.. $2,705,751

$2,799,750

$2,751,778

$170,554

$101,090

$330,020

102, 211, 235, 297, 702; V. 30, p. 705, 730.)j

•'•'Vtv

-30

RAILROAD

Subscribers will confer

m

a

STOCKS

AND

BONDS.

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

DESCRIPTION.
For explanation of column headings, &c., see notes
on

m

first page

of tables.

Cincinnati Indianap. St. Louis & Chicago—Stock..
Ind. Sc Cin. of 1858, 1st mort
Indianapolis Cin. & Laf. mortgage
Cin. & Ind., 1st mortgage

Miles
of
Road.

382
90
151
20
20
194
50
148
330
50
30
30

*

do

2d M., guar., and funded coupons
1st mort., Cin. Ind. St. L. & Chic, (for $7,500,000)

Cincinnati Lafayette & Chicago, 1st mort., gold
Cincinnati & Muskingum Valley—1st mortgage
Cincinnati New Orleans & Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond <£ Chic.—1st mort., guar. C. H. AD..
2d mortgage, guar, and owned by C. H. AD

..

Cin.

Richmond <£■ Ft. TV.—1st mort., gold, guar

Date
of
Bonds

.

.

80
48

1,000.000

1,000

1,000
1,000

2,790,000
499,000
1,329,000
1,198,000
1,120,000

1,000

1,500.000

100

3,000,000

1,000
1,000
1,000

i.000.000

.

•

*

*

•

•

350,000
1.072,300
2,000,000
051,000

....

1,000

1,000

1.883
1883
1833
188 3
1883
1883

*

428.5)97
00(5,000

•

100
100

{

4,015,750

....

105
281
281
....

500,000
05,000
1.800,000

1.000
50
50

1800
1852
1807
1871
1372

1,000
1.000
1,000

Rate per
Cent.

$7,000,000

500 Ac.

1,000

....

....

*

Outstanding

1,000

1880
1800
1805)
1871

....

Cincinnati & Springfield—1st mortgage, guar
2d mortgage
Cincinnati Wabash d Michigan—Stock ($3,000,000)
Cincinnati Washington d-Balt.—Common stock
Preferred stock
1st mort. gold, coup, or reg., guar, by B. AO
2d mortgage, gold,
do
do
!
Prior lien, gold
3d mort., gold (3 pr. ct. for 10 vears and 4 after)
1st income mort., non-cumulaiive, gold
2d income mort., lion-cumulative

Amount

$100

190
190

Mortgage bonds, Sandusky City A Ind
2d rnortg. Cine.. Sandusky A Cleve

or
Par
Value.

Bonds—Princi

INTEREST OR DIVIDENDS.

[Size,

1858
1807
1802
1807
1880
1871
1870

90

Cincinnati Sandusky d Cleveland—Stock
Preferred stock
Mortgage bonds, Sandusky, Dayton A Cincinnati

l<*;

[VOL. XXXVII.

When

Payable

1*2
7
7
7
7
6
7 g.
7
•
3
6 g.
7
7
7 g.
2 A 10s.
3
0
7
7
7
7

pal,When Duo.
Where Payable, and by Stocks—Last
Whom.

Dividend.

Q.-J.

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

New York.
O. N. Y., Amer. Ex. Bank.
A.
do
do
D.
do
do
J
do
do
N.
do
do
S. N. Y., Am. Ex cli. N. Bk.
A J. New York, Moran Bros.
A
A
A
A
A
A

A
A
A
A

O. N. Y., Geo. W.
J. N. V., Winslow,
J.
do
D. N. Y., Winslow,

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

Feb., 1897
Dec.. 1892
Jan., 1887 .’92

Midi., 1901

Jan.,
Feb.
Oet.

L. A Co.
do
L. A Co.

do

Boston, Second Nat, Bk.
S.
Boston, Office.
D. Boston, Second Nat.Bk.
O.
N. Y., U. S. Trust Co.
do

1901

5, 1883

1,'

1920

July, 1895
Jan. 1, 1889
June. 1921
Dec. 1, 1882

do

A.

J.

May 1, 1929

Ballou.

Boston, Office.

M. A N.
F.

April 16, 1883
April, 1888

May 1, 1883
Aug. 1, 1900
Sept, 1, 1897
Dee.

1.

1890

April 1, 1901

do

1902

1.944,500
0,854,090
13.535,903
7,500,000 4 Dig A Glc M. A N.

3,010,000

1.000

500,000
2.270,000
3.500,000

1,000

4,000.000*

1,000

5 ix.

4D»g.
.

3-4
5
5

J.

A

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

,

New York,
(lo
do
do
do
do

Agency.
do
do
do
do

Nov. 1,
Nov. 1,

1931
1931
April 1, 1893

Nov. 1,
Nov. 1,
Nov. 1,

dp

1931
1931
1931

i

'i
Cincinnati
Indianapolis St. Louis A: Chicago.—Owns
from Cincinnati to Lafayette.. Iml., 17 L miles; Luwrenveburg branch,
2 miles; Harrison branch (partly-owned), 7 miles; Fairland F. A M.
Road. 38 miles; and Cincinnati Lafayette A: Chicago (biased). 75 miles;
Vernon (Jreen. A Rush., 41 miles (leased); Kankakee A' Seneca (onehalf owned), -12 miles ; total operated, MS2 miles.
This company was formerly the Indianapolis (’in. A Laf.. which was a
consolidation in 1876 of the Indianapolis A- (’in. and the. Laf. A Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On An,trust 1. 1*7(5, a receiver was appointed
and the road was sold in foreelosme Feb. 2, ls8(), ami this company

organized.

Of tlie $7,500,000

new

bonds $0,885,000

was

reserved,

info

which all of the old bonds prior to the Indianap. Cin. & Laf. 7s of 1800
could be exchanged at par.
In addition to bonds given above there are

$72,000 of other issues outstanding. In .J uly', 1881, $2,000,000 new stock
was sold to stockholders at 7(>, ami proceeds used to
extinguish floating
debt ($1,000,000); also, $300,000 contributed towards a new line to
Seneca and balance used for other purposes.
In June, 1882, another
issue of $1,000.000 new stork was voted. After paying dividends of G
per cent in 1881, 6 in 1882, and 3 in 1883, the dividend of July, 1883,
was passed, the money being required for repairs of damages
by Hood,
Sec. Annual report in V. 37, p. 311.
,

INCOME ACCorNT.

1880-81.

3 881-82.

1882-83.

$
1)01,490
$
5(55,909

$
1,000,009
$

$
973,052
$
021.159

(I1-, p. e.)
0,894

591.32(5
300,000
(0 p. e.)
0,732

752,803
208.687

958,058
42,551

Receipts—
Net earnings
Disbursements—
Interest on bonds
Dividends
Rate of dhideuds
Miscellaneous

180.000

Total disbursements

Balance, surplus
—(V. 35, p. 346,515

;

V. 30, p. 29, 195, 399, 420, 500

;

315,000
( ID. j). e.)
2,312

938,501
35,151

V. 37,

p.

3 11.)

Cincinnati A: Muskingum Valley.—Owns from Morrow, O., to
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. Sc Zanes.
in 1851 and opened in 1857. Sold under foreclosure Oct. 17, 1SG3, and

reorganized as .Cincinnati Sc Zanesville March 11, 1804.
Sold again
Dec. 10, 1809, and reorganized as at present. Leased for 99 years from
Jan. 1, 1873, to 1*. C. & St. Louis, lessees to pay all expenses and inter¬
est. any excess of earnings to inure, to the lessors.
Gross earnings in
1881, $395,321; net earnings, $20,275. In 1882 gross $380,7-10; net
$80,864; interest paid, $105,000: deficit advanced by lessee, $18,135,
against $84,725 deficit in 1881. Total amount due lessee Dee. 31, 1882,
$711,159. Capital stock, $3,997,320.
Cincinnati New Orleans A Texas Pacific;—1This is the com¬
pany orgunized under t he laws of Ohio Oct. s, 1 ss 1, to operate the Cin¬
cinnati Soul hern, and 51 per cent of the stock is held by the English
company, the Alabama New Orleans A Texas Faeitle Junction Co.,
'Limited! The Cincinnati Southern road extends from Cincinnati to

Chattanooga,

Tonn., 330 miles.
The rental due the* Cincinnati
is $812,000 per rear fill 1880. then $912,000 till 185)1.
$1,012,000 till 1 890, $1,102,000 .till 1901, and $1,202.000 t ill 1900.
For 1882, gross earnings, $2,570,057; net, $1)91,131; rental, Ac.,
Southern

.

$880,078: surplus. $105,053: dividend in Feb., 1883, $90,000Scott, President, Cincinnati. (V. 30, p. 80, 305.)

John

Cincinnati Northern.—Dayton. ().. to

necting line of the Toledo

Cincinnati, 00 miles. Con¬
Delphos Ac Burlington, and in March, 1883.

consolidation with the Toledo Cincinnati Sc St. Louis was voted, and
after that-company defaulted an attempt was made to get a sep irate
receiver for Cincinnati Northern. There are also $1,000,000 of income

bonds, and

an

authorized issue of

$1,000,000 mortgage bonds

Avondale branch, of which $700,000
of 1st mortgage bonds from
to be funded into a o per cent

on

the

outstanding. The coupons
Oct., 1882. to Sept., 1884, inclusive, were
scrip. Stock, $1,000,000. (V*. 30, p. 108,
are

305, 399; V. 37, p. 170.)
Cincinnati Richmond A Chicago.—Owns from Hamilton, O.,
to Indiana State Lino, 37 miles; leased, Richmond, Ind., to Ohio State

Line, 7 miles;

total operated. 41 miles.

Reorganized May 3, 1800,
and leased in perpetuity from February, 1809, to Cincinnati Hamilton
& Dayton Co., this company to receive all surplus after expenses and
bond interest. Gross earnings in 1882-83, $251,003; net. $109,844.
interest liability, $53,900; surplus, $55,944. Capital stock,
$382,000]

Cincinnati Richmond A Port IVayne,—Owns from Rich¬
mond, Ind., to Adams, Ind., 80 miles; leased, 8 miles of Pittsburg
Fort Wayne Sc Chicago; total operated, 91 miles. Leased for 99 years
to Grand Rapids Sc Indiana, the
rental being net earnings'; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
*nd Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
In 1882, $435,704; net, $122,092. Loss to guarantors, $45.4-1.
Capital

stock, $1,709,192.
Cincinnati

Total advances by guarantors, $732,703.

Sandusky A Cleveland.—Owns

from

Cincinnati A Springfield.—Operates from Cincinnati, Ohio, to
Dayton, Ohio, 80 miles, of which 33 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
Sc Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion. Lessees apply any excess over rentals to C. Sc 8. stock.
Interest
is guaranteed on tlie first mortgage, one,-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 1883,
the C. C. C. A; I. had advanced

Sandusky,

$2,159,5)31.

Cincinnati Wabash A Micliigan Railway.—Owns
Benton Harbor, Mich., to Anderson, Ind., 105 miles.
Sold Nov. 5,
for account of bondholders. • New company organized April,
Total stock authorized, $3,000,000.
Earnings for 1881.

from
1879,
1880.

$240,039;

net, $03,880; gross in

1882, $290,920; net, $79,589.
J. H. Wade,
President, Cleveland, Ohio. (V. 35, p. 182, 291, 404, 487.)

Cincinnati Washington A Baltimore.—Cincinnati, O., to
Belpre, O.. 192 miles; branches Marietta to Belpre, 11 miles; Ports¬
mouth to Hamden, 55 miles; Blaucliester to Hillsboro, 22 miles; total,

281 mill's
The Marietta Sc Cincinnati whs a consolidation in 1851 of the Belpre
A Cincinnati and the Franklin Sc Ohio River roads, and afterward
absorbed the Hillsboro A Cincinnati and the Scioto Valley. The Cincin¬
nati Sc Baltimore (into Cincinnati), ana the Baltimore Short Line (main
line to Belpre) were leased,and on the reorganization have been consoli¬
dated. The Marietta. A Cincinnati Co. made; default, and tlie road was
placed in the hands of Mr. John King, Jr., of the Baltimore A Ohio,
as
receiver, June 27, 1877, and a foreclosure suit was begun.
The sale
in foreclosure took place Dec. 9. 1882, and re-organization was made
Feb.

7, 1883. under

name

of “Cineinnal i Washington Sc Baltimore.”

The company'had run behind largely in its income, partly owing tothe
fact that large rentals and interest were paid to the Cincinnati A. Balti¬
more
and tiie Baltimore Short Line, in which companies Baltimore &
Ohio parlies were interested. The total yearly charges wece about
$1,400,<K)0, and by the reorganization are reduced to about $700,000.
The three old mortgages on dillereiit. roads given, in the last three lines
of the table above were allowed t > remain ; then prior lien bonds were
.issued for receiver's uei tilicat'es. Of the.first mortgage bonds, $1,250.000 were issued for the Cincinnati A Baltimore Railroad stock, and hear

0-per cent : the balance, -1d> per cent. These bonds are guaranteed
by the Baltimore .A Ohio Railroad Company. The income bondholders
will

be

entitled

to

one

vote

at

all

meetings

of

stockholders

for

hundred dollars held. Tin* holders of Marietta A Cincinnati
first preferred stock paid a cash assessment of $2 50 per share ; 2d pre¬
ferred. $1 50 per share; common, $1 50 p r share. The Baltimore &

every one

Ohio RR. Co. received for its. claims f3.l00.000 of the new preferred
stock ami $3,100,000 of the common of the new company.
(See plan
in V. 3 1. p. 408.)
The Marietta A Cincinnati was mi expensive road to operate, even
without including the rentals, and in 18*0, the best year of tile past six,
t-lie operating expenses wen* over 78 per cent of the gross earnings.
In 1870, when rentals were only'$5)0,014, the net income applicable to
interest was $252,081; in 1877 net income $17,302; in 1 "78, $lo,676;
in 1875). not deficit, $141,422 : in 1880. net income, $110,293; in 1881,
net deficit. $88,745); in 1882.net income, $1-0/ A liberal allowance
should probably be made for expenditures m putting the road in better

condition during the receivership. Unfortunately, no full reports havo
been made to the stockholders of late years, so that it is not possible to

analyze very closely the operations and earnings of the comp my. The
net earnings stated in the table below are given without the deduction
of rentals.
The fixed charges of the new company are about $700,000 per year.
The gross earnings for the year ending June 30, l 883, have been report¬
ed as $1,943,3 »2, against $1,725),352 the year before. Net earnings
not reported.
The gross and net receipts for four years, as
the Commissioner of Railroads in Ohio, were as follows :

1879.
Gross

earnings...

Expenses

....

..

Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 10 miles;,
leased, Columbus Springfield Sc Cincinnati, 44 miles; total operated, 214




miles-, less the division between Springfield" Sc Dayton, 24 miies,
leased to and operated by the. Cleveland Columbus Cincinnati Sc wliielr^
India
apolis. Six coupons on 2d mort. bonds were funded from Juno, 187
and $222,001 in coupon bond scrip is outstanding.
The preferred st.oc
has a lion by deposit of old bonds in trust.
The Receiver, after
three years’ possession of the property, was discharged January 1880
fu Anril, 1881, a lease was made to the Indiana Bloomington A Western.
By the terms of the lease this company takes 33is per cent of its gross
earnings as rental; hut the amount in any one year shall not be less
than $220,000 nor more than $500,000.
In Nov., 1882, a dividend
of 2 per cent, cash and 10 pm* cent in the stock of the Columbus
Springfield As Cincinnati KR. was declared.
In 1882 rentals received and
miscellaneous receipts were $301.059. Payments—Expenses. $19,132;,
interest, $170,505; dividend on preferred stock, $25,731 ; siuking'fund,
$1-1.21 a; increase Honing assets, $25,578; decrease floating debt,
$72,370. (V. 31, p. 204, 485, 001.)

Net earnings

....

lSSL

"• 1881.

reported to
1882.

$1,513,599 $2,020,534 $2,120,404 $1,729,352
1,323,820 1,578,047 1,5)17,933 1,441,918

$139,770

$442,4S7

(V. 30, p. 18, 50, 170, 420; V. 37, p. 74.)

$202,471

$287,434

October, 1883.

RAILROAD

|

31

BONDS.

AND

favor by giving immediate notice of any error

Subscribers will confer a great

discovered in tbiese Tables.
Bonds—Prinol *

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS

explanation of column headings, &c., see notes
on f^rst page of tables.

Cincinnati Washington <6 Baltimore—(Continued) Baltimore Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto A Hocking Valley mortgage
Cleveland Akron & UolumLus—Stock
Cleveland Columbus Cincinnati <£• lad.—Stock

Size, or

Date
Miles
of
of
Road. Bonds

Par
Value.

1869
•

.

....

•

•

•

m

m%m

Amount

1852

Outstanding

$1,000

$750,000

1,000

500,000

»

•

•

300.000

•

100
100

144

4,000,000
14,991,600
367,000
3,000,000

710881
473

....

390

Cleveland <£• Marietta— Stock
1st mortgage
Cleveland. <& Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscan's Val. <£• Wheeling—IstM., (L.S.AT.V.)
1st mortgage, new, prior lieu.

127
67
67
35
99

1873
1876
1870
....

1880

226
199

199

2d mortgage, ne w
E. A B., 1st mortgage

Cleveland Youngs, d Pitts.—1st M.,g.,for $1,000,000
Oolebrookdale— 1st mortgage
Colorado Central—1st mortgage, new
Columbia d ireenville— New mort.,g’ld,coup, or reg
2d mortgage
Columbia cC Port Deposit— 1st mortgage

50
500 Acc.
500 Ac.
500 Ac.

....

i

1st mortgage, extended
3d mortg. (now 2d)
Niles A New Lisbon, 1st mortgage

1,000
1,000
1,000

1864
1869
1874

202
390

mortgage Bel. & lud
C. C., C. & I. sinking fund
do
Cons.M.for $7,500,000 (sink, fund 1 p. c.)...
Cleveland. <£ Mahoning Valley—Stock
1st

1862
1867
1873
1871
1878
1877

13

323
1(51
164

40

2,948,000

2,759,200
740,500
654,600
500,000
1,547,000
1,000,000

J.

o

F.

1,096,000

6

2,491,000

1,000
1,000

1,798,000
2,000,000

7
7

'*

700,000

7
7
7

1,372,000
180,000

(?)

6
6

t

(500,000

100 AC.

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

7

i

;

g.

7 g.
6 g.
(5
7

4,701,000
2,000,000

1,000,000

1,382,000

Payable, and by
Whom.

A A.

A
A
A
A
A
A
A

J.
N.
I).

N.
A.
S.
J.

New York, Agency.
do
do
do
do
do
do
N. Y., U. S. Trust Co.
do
do
do
do
New York or London.

Cleveland, Office.
N. Y., U. S. Trust Co.
N, Y., Union Trust Co.

F. A A

7

1\

1,000

1.000

A D.
J. A J.
M. A N.

J.
7
M.
7
7 or 6 g. J.
M.
3^2
7 g. F.
M.
7
J.
7

11,221,100

Where

When

Payable

7
7
7

50
500

....

1872
1881
18(58
1879
1881
1881
1368

Rate per
Cent.

pal,When Due

N.

Q—51.

Y., Farm. L. A T. Co.

do
J. A J.
do
M. A N.
do
J. A J.
A. A O. N. Y., Union Trust Co.
do
do
A. A O.
J. A J.
M. A N.
J. A J. N. Y., Central Trust .Co.
J. A I). Phila., Phil. A R. Office.
J. A J. Boston. Treas.’s Office.
J. A J. N.Y.. Nat. Park Bank.
do
do
A. A 0.
F. A A.
Phila., Penn. RR.
do
do
do

.

Stocks— Last
Dividend.

Dec. 1, 1904
Jan. 1, 1900

May 1, 1896
1, 1883
Until 1899

Feb.

May, 1899
1,1914

June

(?)
Aug. 1, 1893
Sept. 15, 1896
Jan., 1890

Aug. 1, 1905
Sept. 1, 1883
Jan., 1892
Nov. 1, 1900
Jan.
Oct.
Oct,

1. 1913

1,
1,
April 1,
May 1,

1901
1898
1907

June 1,

1898

1892
July 1, 1921
July, 1909
Jan.

1,

1916

April 1, 1926
Feb. 1, 1893

Y

.

1, 1002, at $357,180 per year
afterward.

Akron & Columbus.—Owns from Hudson, O., to
Columbus, O., I ll miles.
Default was made July, 1871, by Cleve¬
land Mount Vernon A Delaware. Sold in foreclosure August 20,1881.
In March, 1882, the decree of foreclosure under which side had been
made was reversed, and road was sold again June 7 to parties represent¬
Cleveland

'Cleveland A marietta.—Operated from Marietta, O.. to Canal
Dover and blanch, 00 miles.
This company was organized ns suecessorof ‘the Marietta Cleveland & Fitts., which was foreclosed Juno 13,
1877. Earnings for 1881-82, $208,585; net. $70,350.
Earnings

reorganized without bonds.
(V. 33, p. 124, 225,408,

ing the Holland bondholders and company

till January, 1880, and $112,000 per yea

Earnings in 1881-82. $!(>;), 1)20 : net, $77,214.
588, 715; V. 3 1, p. 408, 488, 574, 003.)

1882-83,

in
York

(V. 31, p. 52; V. 30. p. 500.)

City.

Cleveland Columbus Cincinnati Ar Indianapolis.—Owns
from Cleveland, (>., to Columbus, O., 13S miles; Gallon, O., to Indian¬

It. C. Liviugston, Pres’t, New

$1075400; net, $17,337.

Cleveland A Pittsburg.—Owns from
ester, O., 124 niiles; branches—Bayard; O.,

Cleveland, O., to Roch¬

to New Philadelphia, 31
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; miles; Yellow Creek to llellaire,43 miles; leased. Rochester to Pittsburg
leased, Cincinnati A Springfield UR., 80 miles; Levering Station to (F. Ft. \V. A 0.), 2(5 miles; total operated, 220 miles. The property was
Mount Gilead. 2 miles; total operated, 473 miles.. This was a consolida¬ leased for 000 years from Dee. 1, 1871, to Penn. RE. Co., and lease trails:
tion in April, ISO*-!, embracing the C.C. A <’. and the Bellefontaine roads. ferred to Penn'. Co. May 1, 1872. Rental, 7 per cent on existing capital
The ebmpany paid dividends prior to
1877, but sifter that the and $10,000 per year for company expenses, the lessees assuming all lia¬
large decline iii rates for through freight and the heavy rentals paid bilities. The terms of the lease were 10 per cent, but the old stock was
reduced the company’s income so that no further dividends were paid
subsequently converted into a 7 per cent stock by an increase in amount.
until February, 1880. and none after that till February, 1"’S3.
In 1882 In 1882 surplus income over charges tb lessee was $174,951. This
the company acquired control of the Indianap dis A St. Louis, and made company’s annual report for the year ending November 30, 1882, stated
a new lease of the St. Louis Alton A Terre Haute Railroad.
The report that final settlement had been made with the Pennsylvania Railroad
said:
“.The principal changes are that your company becomes a joint Company in the matter of surplus assets remaining to this company, as
lessee with the Indianapolis A St. Louis Railway Co., and jointly liable of the date of the lease, after closing its business, which surplus accrued
for the rent to be paid.” * * * “ Under the new lease the rent guar¬ to the lessee by the terms of the supplementary agreement of November
anteed is $450.Ooo, and that amount is all that is to be paid unless the. 30,1871. “The total amount transferred as authorized by the board
of directors is $202,291. This sum has been charged against construc¬
gross earnings exceed $1,750,000, and then but 20 per cent- is to be paid
of the exec-s of gross earnings over $. ,750.00!
There was advanced tion, meeting the old balance of net earnings—$390,138—credited to
to the Cincinnati <te Springfield Railway timing the year the sum of construction in the year 1880.”
$150,208 for tae purchase of real estate, Ac., to which is to be added the.
Operations and earnings for five years (ending December 31) were as
deficit in operating during 1882. $270,o20, making the total, sum ad¬ follows:
vanced $438,228. The sinking fund provision of consolidated bonds
Freight (ton)
Div.
Passenger
Gross
Net
may be canceled at option of holders.
Mileage.
Earnings. Earnings, p.c.
Years.
Miles.
->
Mileage.
The accounts of the company for the six months ending June 30.
220
14,853,524
143,114,023 $2,272,107
$900,112 7
1S83 (V. 37, p. 342), made the following exhibit:
10,024,524
2,418,516 1,151,780 7
220
104,075,804
18a2.
1883.
226
18,083,711
172,535,850
2,699,290 1,275,488 7
22.265,486
3,112,021 1,507,131 7
226
211,190,006
Total earnings
$2,004,403
$1,872,(548
226
23,234,059
215,901,749
3,353,363 1,734,467 7
Operating expenses
1,4 55,200
1,447,757 13"2
—(V. 3(5, 1>. 79.)
Net earnings
Total deductions from income

$437,370
320,004.

$550,738
323,705

Balance to credit of income
Additions to the property.:

$110,474

$232,043

120,757

101,412

Def.$l,283

Sur.$41,531

Net result

Annual report

for 1882 in V. 30, p. 338, showed the
1S79.

Passenger

Freight.

Total gross earn’gs
'Operaling expensesMaint. of wav, Ac...
Maint. of equipment.

Transport’n cxp’nscs

Total

Net

earnings;

1882.

#

2,79(5.405

3,328.209

3,159.417

115,451

3,225,35(5
1(55,076

1,338.108

4,290,350

4,338,475

$
(513.0*23
520,052
1.743.933
83,1)67

$

3,675,055
$
492,223
431,374
1.672.315

1

2,692,307

2,97(5,625

982,748

1,361,483

178,7.88

$
(578,(538

600,4 22
513. ITS

513.999

1,097,340
155,923

1,6 18.685
122,156

2,967,1(59
1,323,181

2,9(53,778
1,371,697

INCOME ACCOUNT.

-

7i cceipfs—

Net earnings
Rentals find interest.
Miscellaneous
Total income
Disbursements—
Interest on debt..’.
Taxes
Dividends
Miscellaneous

...

1882.

1880.

1881.

$

$

1,301,483

1,323,181

■$
1,374,097

10240(5

80,271

103,125

123,405

32,240

94,305

1,086,410

1,587,294

1,441,692

1,572,127

425,180

440,492
113,188
749,540

475,218
112,688

121,276

16,437

268

12,313

1879.

$
982,748
83,912
19,750

117,014
374,770
47,804

498,615

632,204
588,174
1,324.657
939,923
262.637
853,518
121,582
—(V. 35, p. 235. 297, 320, 658; V. 36, p. 285, 338, 730; V. 37, p. 342.)
Total disbursem’ts.

Tuscarawas

Cleveland Youngstown A'

l*itt**burg.— Narrow gauge road in

Steubenville,

about 100 miles, and 32

.progress from Allianre, ()., to
()..
miles branches. Earnings in 1881-82, $42,082; net, $15,330.
W. Ford, President, 5 Cortlandt. St., New York.
(V. 35, p.

$
1,000.270

899.918

9(5,395

Miscellaneous

'

$

739,939

138,711

Mail, express, Ac

following:

1881.

$
863,448

$

Earnings—

1S80.

Valley A Wheeling.— Owns from
(>., 158 miles. Chartered as Lake
and opened in 1873. Sold under
foreclosure Jan. 2(5, 1875, and reorganized under present title.
In
February, 1882, receiver was appointed in a suit of the Union Trust Co.
of N. Y. under the mortgage of; 1878, and in February, 1833, the road
was sold.
Gross earnings in 1880, $59(5,399 ; net, $214,303.
In 1881,
gross, $919,485; net,$349,8(53.
Capital stock, $1,210,500. (V. (34, p.
231, 343: V 35, p. 705; V 3(5, p. 29, 169, 312, 358.)
Cleveland

Black River. O., to West Wheeling,
Shore As Tuscarawas Valley in 1870

964,828

Balance, surplus.....

Henry
456.)
Co lob rook dale.—Owns from Pottstown. Fa., to Barto, Pa., 13
miles. Leased for 20 years from Jan. 1, 1870, to Philadelphia Ac Reading,
at 30 percent of gross earnings.
In June, 1880, default was made on
bonds. Gross earnings in 1880-81, $58,977; net earnings (30 per cent
rental), $17,693.
Gross in 1881-82, $57,698: net, $17,309.
Capital
stock, $297,215.
Columbia

A

Greenville

(S. C.)—'The

company

owns from

8. C., 113 miles; branches to Abbeville and
Anderson.21 miles; total, 164 miles. Also owns Laurens RR„ 31 miles;
and leases Blue Ridge IiR.. 32 miles, and Spartanburg Union Ac Col. RR.,
(58 miles. Total operated, 29(5 miles. In 1878 a Receiver took possession
of tin* Greenville Ac Columbia and the road was sold in foreclosure April
15, 1880. and reorganization was made under this name; preferred
stock, $1,000,000; common stock, $1,000,000; all in $100 shares.
A majority of the stock is held by the Richmond Ac West Pt. Terminal
Co. The gross earnings on all lines in 1881-82 were $743,651; net,
$171,483;'■ deficit in earnings to pay rentals and interest, $72,344.

Columbia to Greenville.

paid on pref.
V. 36, p. 251, 560.)

Six per cent

735

;

stock, December, 1882.

Colorado Central.—Owns from

(V. 35, p. 404, 449,

Wyoming boundary line to Denver,
miles; and leases 9 miles
standard gauge owned and

132 miles, and Julesburg to La Salle, 151
in Wyoming to Hazard Station; total

operated, 292 miles; Golden to Georgetown (narrow gauge) 28 miles,
and Forks of Creek to Central, 11 miles; total narrow-gauge, 39
miles; total operated, 330 miles. Chartered in 18(55, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8 per cent bonds, of which $87,000
are yet out. Stock, $6,230,300. A dividend of 7 per cent paid in Decembet\*T8K2. Gross earnings in 1882. $1,720,039; net, $680,165. Pay¬
ments— Rental, $4,336; interest, $336,030: dividend, $436,121
total,

Sidney Dillon, President, New York.
Columbia A Port Deposit.—Owns from Columbia, Pa., to
Cleveland A Mahoning Valley.—Owns from Cleveland, O.
Port Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
to Sharon, Pa., 8l miles; Niles, O., to New Lisbon. O., and branches.
46 miles; total operated, 127 miles.
It was leased to Atlantic Ac Great RR. Co. Rental, net earnings. Net earnings in 1881, paid to lessors,
Capital stock, $497,100; funded debt, $1,882,000, and float¬
Western in perpetuity from October 1, 1861. A new lease was made $39,777.
to the reorganized company, New York Pennsylvania Ac Ohio, till Oct. ing debt (coupons), $594,195.




9

$776,486.

32

KAILKOAD

Subscribers will confer

a

STOCKS AND

BONDS.

[Vol. xxxvn.

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

DESCRIPTION.

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

Date I Size, or
of
see notes
Far
Road. Bonds

Miles

:

of

| Value.

INTEREST OR DIVIDENDS.

Amount

Outstanding

Rate per

When

Cent.

•Payable

Where Payable and by
Whom.
,

Ronds—Princi

pal,When DueSloc/cs—Last
Dividend.

i
■

Columbus TToclcing Valley rf Toledo—Stock..
Consol, mortgage, gold (for $14,500,000)
1st mortgage, sinking fund bonds

2d mortgage bonds
Columbus Sr Toledo, 1st mortgage coupon, s. f
do
2d mortgage coupon, s. f
Ohio vt W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield if Cincinnati—1st mort
Columbus if: Western—1st mort. (end. by Cent. Ga.)
Columbus if Xenia—Stock
,
1st mortgage
Con cord—Stock
Concord if Claremont—Bonds
Concord if Portsmouth— Stock, guaranteed
Connecticut Central— 1st mortgage, ep. or
reg
Connecticut &• Passtimjisic—Stock

Mortgage bonds

Massawippi

st’lc, guar, same div. as Conn. Sc Pass.
do
bonds, guar, by Conn, vt Pass...
j
Newport vt Rich font bonds, guar, by C. vt P
Connecticut ICrcr—Stock
!
Connectinff (Phila.)—1st mortgage
Consolidated HR. of Vermont— 1st mortgage
Mortgage bond (Vt. vt Canada)
!
Missisquoi Railroad bonds
!
Connotton Valley- New consolidated mortgage.
Corning Conran csgue if Antrim — 1st mort., gold
j
1

12 L

1881
1867
1872
1875
1880
1879

$100 $10,316,500
8,000,000

1,000

500 vte.
1.000

118
118
83
45
60
55
55
142
71

1860

1,000

1874

41
29

1875

500 vte,
100
500 vte.
100
100 vte.

117
110
37
37
22
80

1871
1881

1.000

....

50
....

....

1873

100

...

1870
1881
.

73

1,000
100
1,000
100 AcC.

1879
1871
1 882
1875
1866
1868

18 S3

500 vte.

1,000
1,000 i
1,000
1,000

1,401,000
777,000
2,474,000
422,000
1,584,000
1,000,000
677,000
1,780.200
302,000
1,500,000
500,000
350,000
325,000
*2,244,400
1.500,000
400.000
400.000

1,000

_

1804

78
38
38

1.000

1,000
50

7
1 85

1(51

1,000
1,000

350,000
2,370,000
991,000

7,000,000
50,000
500,000
5,594,000
225,000
803,500

115,000

£-■

24,
5 g.
7
7

Jan.
M.
A.
•T.
F.
M.
M.
M.
J.

vt
ct
vt
vt
vt
vt
vt
vt

8. N. Y., Winslow, L. vt Co.
O.
do
do
J.
do
do
7
A.
do
do
7
S.
do
do
7
N.
do
do
7
S. Rost.,3 Merchants’ Row
7
J.
N. Y., Nat, City B’k.
2
Columbus Treasury.
Q.-M.
7
M. vt S. N. Y., Am. Excli. N. B’k
5
M. vt N. Bost.&Manchester.N.II.
J. & J. Best-., Treasurer’s ofliee
7 '
J. vt J. Bost.vtMancliester.N.II.
3hj
7
A. vt O.
New York City.
3
F. vt A.
Boston, Ollico.
7
A. vt O.
do
3
F. vt A.
do
6 g. J. vt J
do
5
J. vt J.
do
4
J. vt J. Boston, Bost.ct Alb. RR.
6
M. vt 8. Phila., Penn. RR. Olliee.
5
J. vt J.
Boston Olliee.
5
A. vt O.
7
J. vt J. St. Albans. W. C. Smith.
5 vt 6
M. vt N.
Boston, (*o.’s Olliee.
7 g. * J. vt J. Phila. F. I. T. vt S. 1). (’0.
6
M. ct S. N.Y., Consol.Coal Olliee
6
M. vt N.
do
do
.

10, 1883
Sept. 1, 1931

Oct,
Jan.

1, 1897
1, 1892
Aug. 1, 1905
Sept, 1, 1900
May 1, 1910
Sept. 1, 1901
Jan.

1, 1911

Sept. 10,1883
Sept.

1,1890
1, 18S3
1894
July 2, 1883
Oct, 1, 1895

Nov.

Aug. 1, 18S3
April 1, 1893
Aug. 1. 1883
Jan. 1, 1890
Jan. 1, 1911
July 2, 1883

19o0-’l-’2-’3-’4
July 1, 1913
Oct,, 1909
Jan.

i.

1891

May 1, 1922
July l, 1885
March i, 1S91
May 1. 1888

!

i

Cumberland if Pnnisylcuniu—1st mortgage
2d mortgage, sinking fund, (guaranteed)

324
32 1
121

Columbus Hocking Valley «V Toledo.—Owns main line
from Toledo to I'omeroy, 257 miles; branches—Logan to
Athens, lid;
Logan to Straitsville, 13 ; Straitsville to Nelson ville, 17; others, 11; total,
324 miles.
This was a consolidation in July,
1881, of the Columbus Sc Hock¬
ing Valley, Columbus & Toledo, and Ohio Sr West Virginia'. The stocks
of those companies were purchased and new consolidated
stock for
$20,000,000 nie.de, of which the above was issued. Of the consolidated
mortgage $0,500,000 is reserved to meet the prior liens. The Central
Trust Co. of New York is trustee.
Prior to t he consolidation the Columbus Sr
Hocking Valley had 112
miles of road, $2,“>00,000 debt and $2.100,000 stock.' it had
paid regu¬
lar dividends of H percent fora number of
years, with a small surplus
balance. The first dividend on the consolidated stock was that of
2J-_> ;

in 1873.
Fiscal year ends March 31. Gross earnings in
1832-83, $153, *250; net earnings, $14,103. Capital stock, $110,000.
Floating debt,
$25 1,245. (V. 30, p. 075.)
Concord A Portsmouth*—Owns from
Portsmouth, N. H., to
Manchester, N. it., 40hj miles.
The road was sold to first mort¬
gage bondholders in 1857, and leased to Concord Kit. in 1858.
Lease
rental is $25,000 a-year, which
gives 7 per cent a year to present stock¬

holders.

There is

no

debt.

Connecticut Central.—Owns from East Hartford. Ct., to Massacimseits state lane, 20 miles; branch from Melrose to West
.Street, Ct., 7
mil-.-s; total operated, 28 miles. Leased to XewYorkvfc New England RR.
for 15 years from June 1, 1880, the rental to he net
earnings, but never
to exceed 0 percent per year on stock. Capital stock, $ 1 18.500; funded
debt, $325,000, all owned by New York Ac New England Railroad.
(V.

!
percent paid in January, 18*3;
Annual report in Vol. 37. p. 150,
giving a statement of operations, j 35, p. •)/ 4.)
income, vte., for two years as follows
i
Connecticut Sc Passnmpsic.—Owns from White River Junction
1881.
18^2.
: Vt., to Canada
Line, 110 miles; leased, Massawippi Valley and branch
Miles of railroad
«
322-50
324*00 I (Canada), 37 miles; total operated, 147 miles. The lease of
Massawippi
Passenger miles
10,131,712
17,495.082 [Railroad is at 0 per cent on bonds and same dividends as are paid on
Freight (ions) moved
Fiscal year ends June 30. Abstract of hist
2,309,123
2,602.232 | tin*, stock'of the lessee.
Coal, included in freight
1,514,221
35,371,201 report in V. 37, p. 200. Operations and earnings for four years past
were as follows;
Gross earnings
Passenger Freight (ton)
Gross
Net
Operating expenses
I)iv.
1.752,73 1
Years.
Miles.
Mileage.
Mileage.
Earnings: Earnings. p.C.
1879-80
147
0.174.878
13.070.452
Net earnings
$657,547
3
$226,139
$1,190,057
$1,133,703 1880-81.
147
6,117,700
19,726,062
774.116
311,165
5
Interest on bonds
1 17
>,()(!(l 1881-82
$801
7,198,586
22,580,050
851,749
303 8 15
6
Interest oil debt
12,650
27,597
18X2-83.
147
8,365,277
22,702,000
881,851
6
Rentals
270,96.)
“*\757 —(V. 35, p. 207, 3 17; V. 37. p. 266.)
Balance—credit,
533,783
210,465
Connecticut River.—Owns from Springfield, Mass., to South VorNet earnings per mile
3,091 96
3.500 03 fnon, Vt., 50 miles; hrauehes, <5 miles; leased
Ashuelot
KR., South
Expenses to earnings
52-75 p. c.
(>0- 2 p. e.
Vernon, Vt.. to Keene, X. IT., 24 miles; total operated. 80 miles. Fiscal
Average rate per passenger per mile
2*00 e. ! year ends September 30.
Net income 1880-81, $230,051; 1381-82,
Average rate per ton per mile
0-81 c.
0*89 e.
$2 >2,418. Pavs 8 per cent dividends on stock and has no funded debt.
LEXER AT. BALANCE SHEET DECEMBER
—(V. 35, p. 103, 5 77.)
31, 1SS2.
.

...

'

..

..

..

<

Cost of road

$11,413,799

Equinmenf
Real estate and buiUl’g
Storks and bonds
Materials and fuel
Docks
and terminal
...

property, Toledo

3.187,8 40
315.055

8,000.920
213,557
502.911

Capital stock
Funded debt
Bills payable
Current accounts
()tlier liabilitits
Lease warrants
Bond interest accrued

Connecting (Philadelphia).—Owns from Mantua Junction to
Franktord Junction,
Pa., 7 miles.
A connecting link in Philadel¬
phia to the West and South.
Operated by Pennsylvania Railroad.
Rental, 0 per cent on capital stock, $1,278,301); and interest on landed
debt, $991,090. The bonds are issued in series A B C and D,

$10,316,500

14,658.000
493,32 L

314,288
11.631

respectively in i9U0-’l, ’2, ’3 and ’4.

1.102,017
133,333

maturing

Consolidated Railroad of Vermont.—Road
owned—Windsor,
Car Ac locomotive tr’sts
1,102,017 Coupons not presented
8,147 Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s
Point. 47;
Bills ami accounts
189,165 Profit and loss
929,014 Essex to Burlington, 8; Swanton to State line, 10; total, 185 miles.
Cash on hand
32.260
Leased—Addison RR., 16 miles; M< ntpelier Sc White River
RR., 8;
Montreal As Vt. .Junction RR., 26; Rutland RR.,
12<»; Stan. 8. Sr Cli.
Total assets
Total liabilities
$27,967,154
$27,967,454 RR., 43 ; Vermont A Mass., 21 ; New London No., 100; Brat. Ac
Wliite—(V. 35, p. 102, 131, 213, 478, 480 ; V. 30, p. 251; V. 37, p. 150,
234, 4iallRK., 3(5. Total owned, leased and operated, 555 miles.
421.)
This is the title of the new corporation termed on the
reorganization of
the Central Vermont and Vermont A: Canada
companies in 1833. The
Columbus Springfield Sc Cincinnati.—Owns from
Columbus, holders of t he first and second mortgage bonds tiled articlesof association
Ohio, to Springfield, Ohio, 44 miles. Leased with Cincinnati
Sandusky with t-lio Secretary of State of Vermont on April 24, 1883, for organizing
& Cleveland to Indiana Bloomington A:
Western,.May l, 1881, for 33>.$ the new company." Preferred stock is $750,000. (See scheme
of reor¬
per cent of gross earnings, with guarantee of $80,000 as minimum.
ganization in V. 35, p. 1-5.) An injunction was issued, and consolidation
Of the excess over mini’mim, if any, on
33L{ basis, this company takes impeded. Tile Central Vermont, which operated all tins
one-titth and Cincinnati Sandusky Sr Cleveland four-tilths.
mileage in 1882,
Capital reported earnings on 419 nnles as $2,7(50,834 gross and $511,135 net.
stock, $1,000,000, and bonds, $1.000,000.
Rent of leased lines $317,500.
Net earnings in 1881, $(>15.(588; in
Columbus Sc Western.—Owns from Opelika to
Ooodwuter, Ala., 1880, $796,020. (V. 30, p. 479, 560, 623, (574 ; .V. 37, i>. 234, 293, 3 14.)
00 miles; operates Columbus Branch of Western Railroad of
Alabama,
Comiotton Valley.—Owns from Cleveland to Sherrodsville, 103
29 miles—total 89 miles. The Savannah vt
Memphis RR. was foreclosed
miles; Canton to Coshocton, 55; Oneida to Minerva, 3; total, 161/
June 5, 1880, and this Company organized. Extension was in
progress
This includes the Connottoii Valley vt Straitsville.
from Good wafer to Birmingham, Ala.
The bonds are endorsed by Con.
In-February, 1882,
the,
RR. of Georgia. Earnings in 1881-82,
$141,744; net. $20,009. Stock, The company becanie embarrassed and new arrangements were made.
consolidated
mortgage was issued ($7,000,000 authorized) in two
$1,750,000. W. G. Raoul, President, Savannah.
series, of 5 and (5 per cent bonds, only different in that the first take 5
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia.
Ohio. per cent until May, 1885, and then0 per cent. All the old 7 percents,
55 miles.
Is operated as a division of the Little:
Miami, and is least <1 except $’09,-000. and all the Con. A: Straitsville bonds, except $78,000,
for 99 years in connection with that road to the
Pittsburg Cincinnati vt had been retired up to June, 1883. Preferred stock issue ! is $885,850 ;
St. Louis, which pays 8 per emit on stock and
provides’for tin* bonds. common stock, $5,009,000. Gross earnings, 1882, $231,(540; net, $37,The lease is guaranteed by tin* Pennsylvania Railroad
Company. The 6(51. In Nov., 1882, default was made on the bonded interest. Francis
Columbus vt Xenia pays 8-5 per cent dividend
Bartlett, President. Boston. (V. 35, p. 133, 313, 48(5, 515, 763 ; V. 36,
per annum.
p. 195, 312, 674; V. 37, p. 74, 99./
Concord.—Owns from Concord, X. IT., to Nashua,X. IT., 35
miles;
Manchester vt North Wen re, 10 miles; Ilooksct
Corning Cowanesqne Sc Antrim.—Owns from Corning, N. Y.,
Branch, 7 miles; leased—
Concord vt Portsmouth. 41
miles; Suneook Valley, 20 miles; Nashua to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison Valley/
Acton vt Boston, 20 miles; total operated, 142 miles. Tin*
Pa.. 32; total operated, 85 miles.
Consolidation (January, 1873)
had of tiie
joint operating contracts with the Boston vt Lowell part company
Blossburg Sc Corning RR. and tile WeHsboro RR. June 1, 1S74,
of
the/year.
8ee report V. 3(5, p. <>50.
Fiscal year ends March 31. Operations, earn¬ the Cowanesijiie Valley RR. was absorbed. Tliese lines are leased to and
ings, and income over rentals, etc., tor four yeas past were:
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
(5 per cent on common stock and 7
per cent on preferred stock; divi¬
Passenger Freight (ton)
Gross
Not
Div.
dends paid quarterly, March 31, Sec. Stock—common, $1,500,000,
Years.
and
Miles.
Mileage,
Mileage.
Earnings. Earnings. p. c.
preferred, $500,000. The coal line of Phila. A: Reading and N. Y. Cen¬
1879-80.
142
11,081,309 29,00(5,834
$870,088 $3 1(5,732
10 tral is over tin* road of this
company, which jointly guarantees the
1880-81.
142
13,118.217
30.295.384
955,000
10
3(52,008
bonds of the Jersey Shore Pine Creek vt Buffalo ro.nl.
1881-82.
112
Earnings in
21.490,671
31,976,137
1.258.119
471,208
10
1882, $571,5 >7; net, $139,261. George J. Magee* Frost.,
1882-33.
142
Watkins, N.Y.
1,317,879
10 —(V. 35. p. 235, 546.)
430,317
-(V. 35, ] 160; 1 V. 36, p. 5(50, 650, 675.)
Cumberland Sc Pennsylvania.-Owns from Cumberland, Md.,
Concord Sc Claremont.—Owns from Concord to
Claremont, to Piedmont. Aid., and several branches, 55 miles. It is owned find
N. 1L. 5(5 miles; branch, Contooeookvillo to
Hillsborough, N. II.. operated by Consolidation Coal Company, which
15 miles; total operated, 71 miles. Consolidation of
guarantees second
several small roads mortgage.
.

.

.

.

.

.




........

........

RAILROAD

October, 18S3.J
Subscribers will confer

a

Miles
Date
Size, or
of
of
Par
Road. Bouds.j Value

explanation of column headings, Ac., see note?
oil

lirst page of tables.

Cumberland Talley—Stock ($-184,900is preferred).
1st mortgage
2d mortgage,

1879-320.

Danbury d Tone all;—Stock
1st anil 2d mortgages
Consolidated mortgage
Danv.Olneyd O.Iliv.—1st (for $1.000,000) en.nr reg.
Dayton d .1IWiiyan—Com. stock (O-^j gunr.O.II.AD.)
Preferred stock, (8 percent, guar. C. 11. A D.)

V1*1' Payable " iiere
Outstanding Rs}*0
Cent.

isso
3 880

500 Ac.;
50
50 !

2,402,573
1,211,250

1,000

420,000
351,000

1,000

1,898.000

1805

j

Mortgage bonds, convertible, guar. P. W. A B—
Delaware (6 Bound Brook—Stock, guaranteed

1875

j

1,000 »

1st .mortgage
2d mortgage debenture bonds, reg
Delaware Lackawanna d Western—Stock
Consol, mort., on roads A equipm’t, ($10,000,000)

1875

I

Delaware—Stock

!
1877 !
1872 j
1859 |
....

....

j

1880
1883

M. A 8.
J. A I),

100 Ac.!

370,900

j M. A S.

Operations and earnings for three years past were

3.008,823

36*2

3,098,o00

Mileage.

3,301,209

F. S. Lockwood, President,

Gross
Net
Freight (ton)
Earnings.
Earnings.
Mileage.
1,303,897
$18 4,407
$00,07!)
195,103
88,341
1,228,828
1,330,145
200,993
72,990
Norwalk, (V. 35, p. 237.)

1 bj
7 g.

Div.
p. c.

2^
5

5

Danville Olney Sc OUlo Itiver.—This road is projected from Dan¬
ville, Ill., to Gluey, and to the Ohio River. 243 miles, of which l !0 miles,
Danville to Olney are in operation; also 20 miles of Chicago & Eastern
Illinois leased. Jlonds offered in 1881 by R. M. Raven & Co., at par,
with $500 stock given with each $1,000 bond.
Stock authorized,

$2,000,000; issued, $1,000,000. In Nov.. 1882. company became em¬
barrassed and receiver appointed. P. C. Chandler, President, Boston:
Charles Howard, Receivin’, Danville, III.
(V. 35, p. 205, 200, 373, 538,
574, 058 ; V. 30, p. 29, 80, 510.)

Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141
Leased May 1, 1803, in perpetuity to the Cincinnati Hamilton A
Dayton. Lease amended January 23.1870. Tile rental is the interest
and sinking fund of debt, and 8 per cent on preferred stock and 3*2 per
cent on $1,010,000 common. Of flu* common stock $1,010,000 only is
guaranteed 3U> by C. H.A I). Profit to lessee in 1881-32, $27,l-»2;
1882-83, $201,138. The lessees hold $1,398,100 of the common stock.
miles.

Dayton Sc Union.—Owns from Dodson, Ohio,to Union Ciiy, Inil.,

32 miles; leased Dayton t«> Do tson, 15 miles; total opeiated, 47 miles.
The Greenville A Miami RR. was sold out Oct. 30, 1802 ind re-organ¬
ized as now in Feb, 1803.
Operated by trustees since December, 1871.
Capital stock, $80,300. In year ending Oct. 3 i, 1882, gross earnings,

$154,701; net earnings, $20,251.
Dayton A: Western.—Owns from Dayton, O., to State Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1805, to Little Miami,
and carried with that road in the general lease to the P. C. A St. L. The
lessees are virtual owners and are answerable for all obligations.
Delaware.—Owns from Delaware Junction (P. W. A B.), Del., to
Delmar (Md. Line), 84 miles; branches, 10 miles; total operated, 100
miles, less two branches (15 miles) operated by the Dorchester A

1883
1883
Sept., 1884
Oct., 1888
Jail. 3, 1911
Dee. 1, 1909
After 1910
Jan. 1, 1905

July 2, 1833
July 1, 1895

Philadelphia.

Aug.,

1883

May, 1905

Philadelphia.
New York, Otliee.

Oct.* *20," *1*383

do
do
do

Sept. 3. 1907
June, 1392

March, 1885 ‘

Q.—J. N. Y., Company’s Oiliee.
M. A N. |
do
do

7
5
TAG

5,000,000

3,013,000

Dillsburg A Mcchanicsburg RR., 8 miles; Southern Pennsylvania Rll..
Mont Alto RR., 18 miles; total controlled and
operated, 141 miles. Owns or leases several factory roads, in all about
43 miles. The stock is owned in large part by Pennsylvania RR. Co.
Last annual report V. 30, p. 304. Large* advances have been made to
branch roads. Operations and earnings bn the main line for three years
past were as foil >ws:
Passenger Freight (ton) Gross
Net
/—Div.p.c.-s
Years.
Miles.
Mileage.
Miicage. Earnings. Earn’gs. Pref. Com.
1880
125 7,380.350 14,0*48,002 $530,945 $230,199 10
10
1881
125 8,907,357 18.301.054 622,533 220,429 ID
10
18-2
125 9,703,70 ) 23*210,720 084,305 2J9,452 10
10
—(V. 30, p. 304, 3G4.J
Danbury A: Norwalk.—Owns from Danbury, Conn., to Wilson,
Pt., South Norwalk, Conn., 201s miles; brandies to Ridgefield and
Hawleyville, together 10 miles; total operated, 30miles. Dividends

1,
4,

(?)

1,000

21 miles; controlled,

Oct.
Oct.

Phila..Guar.T.A SD.Co.

do
do
do

1884

1920, *90, *92
1920
Jan. 1, 1910

N.Y., Am.Excli.Nat.Bk.

Q-J. |

35,000,000
0,382,500
18,740,500

j 500 Ac. |

Valley.—Owns from Harrisburg, Pa., to Potomac

Passenger

!

....

Jan. 1,

,

Q.-F.

E. A A.
M. A N.

2, 1883

April 20, 1883

Ani. Exeli.

50 :
!
1,000 i
....

Oct.

April 1, 1904
April 1, 1903

A D.
A J. N. Y.,
N. B’k
A J.
Dover, Co.’s Otliee.
A J. Phil., Fid. T.T.A.S.D. Co.

1,500,000
192,000
20,200,000
3.007,000
000,000

River, Md., 82 miles; leased—Martinsburg A Potomac RR., 12 miles;

Miles.
34
34

A D.

.

1,092,000

....

All.

J.
J
J.
J.
J.

173,000
495,000
1,497,215
050,000

!
loo i
187C ! 500 etc.!

\

Pliila. and Carlisle, Pa.
Piiibt.. T. A. Biddle A Co.
do
do
do
* do
New York and Danbury
N. Y.. Nat. City Bank!
do
do
N. Y., Farm. L. A Tr. Co.!
Cincinnati. C. H.A D.(Jo.
Q.--J. N. Y., Winslow, L. A Co.
M. A S.
do
do
do
<1 o
iA. A O.
J. A J.
do
do

225,000

25

Payable,
and byj* Mocks—
Last
Whom.
Dividend.

A. A O.
A. A O.
A. A O.
Various
J. A J.
J. A J.
•J. A .T.
1-00 A. A O.

109,500

1,000

Bonds—Princi¬

pal,When Due.

! Q.-.T.

1,8o0

181,000

1,000 :
1,000 i
1,000

Plain bonds
Lackawanna
Bloomsb., 1st mort. (extension)..
Denverd New Orleans—lat mortgage
Denver d Rio (trandc—Stock
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
General liiortg., convertible (for $50,000,000)
Car trusts (mature 10 per cent yearly

i t

TO-’72

1*07
1800 I
1SS1
1870
1870 I

& D
Dayton <£• Union—1st mortgage
Income mortgage bonds
Dayton & Western—1st M., guar. L. M. andC. A X.

$1,

81,800
GOO.OOO
400,000
100,000
801,000

1871

—

2d mortgage
3d mortgage
Consol, mortgage, guar, by C. II.

Years.

33

INTEREST OR DIVIDENDS.

!

r

$50

sinking fund guaranteed

have been irregular.
as follows:

BONDS.

500 A c.
500 & c.
100 Ac.
50
100 etc.

Common bonds

Cumberland

AND

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

DESCRIPTION.
For

STOCKS

J.

A

J.

do
do

..

;A. A O

i‘

do
do

Jan.
Nov.
Jan.
Oct.

14, 1SS2
1, 1900
1, 1910
1,

1913

Yearly.

....

company. The Lackawanna A Bloomsburg was consolidated with this
company June 19, 1873.
The Delaware Lackawanna A Western management has furnished little

information concerning
in

pamphlet

or

its earnings or finances, no annual reports
monthly statements of earnings having been issued. The

road was operated mainly as a coal carrier and distributer till 1882,
when the line from Bingliumton to Buffalo was built and lehsed to the
Delaware Lackawanna A Western, and the company entered the field as

competitor of tlx* trunk lines .between New York-ami Buffalo. The
minority stockholders complained much of the lease, and the guarantee

a

of the New Yo k Lackawanna A Western stock

an l bonds, which entailed
charge of $1,220,009 per year on the Delaware Lackawanna A Western,
an-1 made the securities of the leased road valuable, t hus bringing large
profits to the construction company which had built it. The. Delaware
Lackawanna A Wes'ern stoekhol ters claimed that the opportunity
a

should ha ve been ottered them to subscribe for the stock and bonds of
the new line, which were to be guaranteed.
The Delaware Lackawanna A Western formerly paid lu per cent on its

stock, but its

railroad leases became onerous, and in the dull
dividends were paid; in 1880 3 per ctnt was
paid; 1881, 0;U; 18-2, 8 ; 1883, to October, 0.
Prices of stock yearly since 1870 have been: 1871, 102® 11 Us; 1872,
91011212; 1873,7912*100; 1874, 99® 1123a; 1875,1001-2*123; 1870,
Olka® 1203s; 1877, 307s®77: 1 378, 41 ®GIV, 1879, 43*9 4; 1380,0312
®IIOI4; 1831,107*131; 1882, 110i4®1501i; 1883 to last Saturday,
numerous

times, 1870 to 1880,

no

1111-2*13112.
The following
four years:

is

a

synopsis from the company’s income account for
1879.

1880.

$

$

1882.

1831.

$
$
Earn’gs, receipts, coal, Ac.20,220,708 21,656,604 27,390,520 27,006,267
Operating expenses
10,410,250 15,753,134 19,032,662 20,103,078
Net

3,810.452

receipts..

5,903,470

7,703,804

0,8 43,139

3,024,431

$
5,903.470
3,027.381

$
7.763,864
3,558,494

$
6,842.189
3,020,708

180,021

2,270,039

4,205.370 3,222,481

"

.INCOME ACCOUNT.

Net receipts
Interest and rentals.

....

...

$
3,810.452

Balance, surplus
Dividends*

780,000

Balance after dividends

1.708,500

2.096,000

180,021 1,490,039 2,436,870 1,120,481
cent; in 1881, G3* per cent; in 1882, 8.
-(V. 30, p. 218. 0S7.)
Denver Sc Now Orleans.—Projected from Denver, via Pueblo to
the Canadian River, 350 miles, and in 1SS2, Deliver to Pueblo. 120 miles,
and 13 m.les branches, had been completed. Built by a Construction
Company. See circular in V. 35, p. 001. In 1883 the Construction Co.
became embarrased and $2,236,000 bonds and $2,540,000 st >ck pledged
were sold by the Mercantile Trust, Co. on Sept. 20.
Jim. Evans, Presi¬
dent, Denver. (V. 35, p. 131, 317, 001, 077 ; V. 30, p. 530, 590, 023;
V. 37, p. 08, 99, 321.)
Denver Sc Rio Grande (3 feet.)— (Sec Map). — Owns
from
Denver City, Col., to Alamosa, Col., 251 uiles; branches—Pueblo,
Col., to Canon City and Coal Mines, 44 miles; Cuchara, Col , to
*

.

In 1880 3 per

El Moro, Col.. 45 miles; also lines to Leadville, Durango, Gunnison
City, Crested Butte, Rcdcliffe, Kokomo, Silver Cliff*, and others, the

aggregating 1,281 miles. On March 30,
18.83, connection to Salt Lake was finished by the Denver A R o Grande
Western, and that road leased, this company paying 40 per cent of gross
earnings as rental.
The trust deed of the consolidated mortgage is to Louis H. Meyer and
John A. Stewart, of New York, as trustees. Of the $30,000,000 bonds
$7,422,200 were to be used in retiring prior issues, and the bonds were
issued at $15,000 per mile.
Of the consol, mort. $1,040,000 were
exchanged for Arkansas Division bonds held by trustees of the Colorado
total operated Jan. 1, 1883,

1881-82. $595,078; net, $178,523.
'
Delaware A Hound Brook.—Owns from Bound Brook (Cent,
of New Jersey) to Delaware River, 27 miles; branch, main line, to
Trenton, 4 miles; total operated, 31 miles. In connection with Central
of New Jersey and North Pennsylvania,
lork and* Philadelphia. In May, 1879,

forms a line, between New
the property was leased for

990 years to the Philadelphia A Reading* Railroad Company—the lessee
paying interest and 8 percent on stock after May, 1883. Gross earnings
in 1881,
$008.489; net. $334,402. In 1882, gross, $093,525; net,

■$320,331.

Surplus prolit to lessee, $85,374.

Delaware Lackawanna A: Western.—This comp my owns and
operates under lease sin extended system of mails in New York, Penn¬
sylvania and New Jersey, which requires a map to show the strength of
its location clearly.
Owns from Delaware Itiver (N. J. line) to New
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, l’a., 8 miles; to Stores, 3 miles; Junction

Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. A
214 miles; Cayuga A Susquehanna
RR., 31 miles;
miles; Oswego A Syracuse Railroad, 35 miles; Utica
Chenango A Susquehanna Valley RR., 97 miles; Valley RE , 12 miles;
controlled and operated—Syracuse Binghamton A New York, Si miles;
leased lines in New Jersey—Chester RR., 10 miles; Morris A Essex, 118.
miles; Newark A Bloomfield. 4 miles; Warren RR., 18 miles; Sussex,'
30 miles; Passaic A Del., 1 1 ; total operated, 880 miles; the Rome A
Clinton, 13 miles, and tin* Utica Clinton A Binghampton, 31 miles, were
.surrendered April, 1883.
I11 1832 the important connection to Buffalo, the New York Lack¬
awanna A Western was opened, and the
read was leased by this
to

Western RR.,
Green RR. 8




Coal A Iron Co.
The general mortgage

of 1833 is issued for an authorized amount of

$50,Oi.K),0o0, and enough reserved to retire all prior bonds.
are

convertible,

gage covers

on

The bonds

00 days’ notice, into stock of tin* company. Tin*mort¬

all read and equipment and the leasehold rights in the Denver

A Rio Grande Western.
The annual report for 1882 in the Chronicle, V.
ticulars of tin* financial condition, Ac. The report

30, p. 177, gives par¬
of Air. Palmer, Presi¬

dent had the following remarks :
‘
S'liee the date of last report, your
,

company has leased the road of
the Denver A Rio Grande Western Railroad Company for a term of
thirty years. The terms of the lease, are, that year company pay the
lessor company 40 per cent of t in* gross receipts of the leassd l lie, if
that sum is sufficient-to pay the interest on its bonds., if not sufficient
to pay the interest, then your company guarantees payment of a sum
equal to six per cent on $10,0*10 per mile of tinished road which has been,
transferred to and accepted by your company for operation. Tin* maxi¬
mum amount of bonds guaranteed by the lease is $7,50 J,000 at 0 per
cent.” * * *
“The amount of interest for which your company will be responsible
under the lease when tin*, line reaches Ogden will bo about $400,000
per annum,

which would require, $1,000,000 gross earnings.

unreasonable to expect from the

It is not

business done during the past flvo




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fitlv

RAILWAY.
El Paso

[Yol.
'vrf

xvi,

OCTOBER,

RAILROAD

1883.]

Subscribers will confer

a

explanation of column headings, Ac., see notes
on

first page of tables.

Denv.d- R.Gr. West.—1st, g. ($16,000p.m.),ep.or reg.
Denver South Pavl; <£• Padtic—stock
1st mortgage, gold, sinking fund
Consol, mort. gold ($17,000 per mile)
Denver 1 Vest. <£ Vac.— 1st M., gold ($30,000 per m.).
Des Moines <£ Ft. Dodqe—1st mort., coup
1st mortgage, income

Mortgage

on extension
Des Moines Osceola a- Southern—1st M.($6,000p.m.)
Detroit Grand. Haven & Milwaukee—Stock
1st mortgage, guar., (for $2.000,000)

Consolidated mortgage, guar
3d mortgage (Detroit A Pontiac RR.), Feb. 1854.
Detroit Hillsdale <£ S. IF.—Stock
Detroit Lansing <£ North.—Stock, common
Preferred stock
1st mortgage
Ionia A Lansing. 1st mort., coup., may be reg
Detroit Mackinac
Marquette— 1st mortgage
Laud grant bonds (income)
Income bonds

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

380
269
150
....

....

87
87
56
300

189
189
189
....

6.)
225

225
222
59

152
.....

Saginaw A West, mortgage, guaranteed...
Dubuque i£ Dak.—1st M., gold. gu. (payable at 105)

36
63
143
43

Dubuque <£• Sioux Gin/—Stock
1st mortgage, 2d division

Duluth <£
Winnipeg— 1st mortgage, gold, land grant
2d mortgage, income
Dunkirk Altegh. Valley <£ Pittsburg—1st mort., gold
2d mortgage
3d mortgage

....

90

90
90

months on 155 miles of detached line that the gross
whole line when put in operation v^jll reach at least

1881

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

1,000
....

100

....

1878
1878
1854

3,200,000

1,000

250,000
1,350.000
1,825,600
2,503.300
2,487,000

....

100

1877
1869
1882
1881
1881
1883
1879

100
500 Ac.
1.000

2,280,003

1,000

1,000
1,000
1,000

4,560,000
1,500.000
432,000
630,000

100

5,000,000

....

1864
1881

500 Ac.

1870
1870
1870

1,000
1,000
1,000

1,000

earnings of the

$1,500,000

Mail, express, Ac
Total gross earnings
Operating expenses

Net

earnings

1831.
1,067

$

$

945.030

1,563.632

2,411,457
121,579

4,332,150
348,998

per

1882.

1,282

$

1,539,558
1,412,185
403,237

3.478,066
1,767,605

3,6^0,030

6,401.980
3,821,123

1,710,461

2,624,750

2,583,857

$
2,624,764

$
2,620,628

J.,199,541
149,830
(6) 914,100
19,607

1,602,443

6,244,730

INCOME A<'COUNT.

Receipts

$

Total net income

1,730.763

Disbursements—
Interest on debt

1,150,453

Taxes

Dividends
Miscellaneous

246,512

'

224,130
73,876

Total disbursements
1,396,965
2,283,078
1,900,749
Balance, surplus
333,803
719.879
341,686
—(V. 35, p. 78, 103, 182. 211, 213,313, 339,347,430.431.450,478,
515, 545, 602. 625. 705. 737 : V. 36, p. 110, 139, 169, 399, 477; V. 37.
p. 151, 188, 234, 266, 342, 375, 399, 424.)
Denver A Itio Grande Western (narrow
gauge).—The mort¬
covers lines in Utah Territory of about 469 miles in all.
Com¬
pleted 366 miles, as follows: From Salt Lake City to the border of
Colorado, 274 miles; from Salt Lake City to Ogden, 36 miles; branch
to Bingham Canyon, 16 miles; branch
up Little Cottonwood, 18 miles;
branch to Pleasant Valley Coal Mines, 21 miles; total
completed, 366
miles.
The stock by charter is $48,000,000; issued on 469
miles,
$7,500,000. The road is leased for 30 years to the Denver A Rio
Grande, at 40 per cent of gross earnings, with a guaranty of interest
by the lessee on $7,5uO,OoO 1st mortgage bonds so far as issued. (V.
35, p. 431; V. 36, p. 169, 560, 674. 675.)
Denver South Park A Pacific (3
ft.)—Owns from Denver,Col.,
to Buena Vista, Col., 135
miles;, extension to Gunnison, 68 miles: Morri¬
son Br., 11 miles;
Breckenridge Br., 35 miles; Fairplay Br., 15 miles;
others, 3 mi’es; total, 269 miles.
First mortgage bonds issued
at the rate of $12,000 per mile of finished road.
In Oct., 1880, the con¬
sol. mortgage was made for $15,000,000, to be at
$17,000 per mile on
whole road, old and new, less the amount of first
mortgage on the
old. Stock controlled by Union Pacific.
In 1881 gross earnings were
$1,464,228; net, $309,757; in 1882 gross, $1,558,723; net, $377, 449.
Sidney Dillon, President, N. Y. City. (V. 35, p. 102, 103.)
Denver Western A Pacific.—Denver to
Longmont, Col. For
$3,060 in cash the company gave $3,000 in 1st mortgage bonds and
$1,500 in stock. Stock is $1,000,000, of which Union Pacific owns
gage

$762,500.

Des Moines A

Fort

Dodge.—Owns from Des Moines

to Fort

Dodge. Iowa, 87 miles, with an extension 56 miles to Ruthven,
con¬
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬
ision of the Des Moines
Valley RR., built in 1870 and sold out in
1873.
Common stock, $4,283,000; preferred,
$758,280.
Annual
report in V. 36, p. 622, had the following remarks:
“During the
year the road lias received extensive improvements, greatly increas¬
ing its value. The extension has been completed from
Tara, near
Fort Dodge, running in a
northwesterly direction across the Chicago A
Northwestern Railroad at Rolf, and intersecting the
Chicago Milwaukee
A St. Paul Railroad at
Ruthven, a distance of 56*3 miles, together with
the necessary bridges,
depots, grain-houses and cattle yards. This work
has been done slowly during the last
two years, but it has been ‘done
well and economically.” * * * “ The
gross earnings of tlie road fall
short by $54,000 what they
were during the previous year, caused by
the competition of two new roads
crossing the line and the general re¬
duction ot rates. The corn
crop is of greatly diminished amount also,
but this we have reason to
expect will be better during the next year,
lhe increased rate of the
operating expenses is due in a degree to the




770.000

1,000

Surplus assets
$344,776
“The company has, therefore, no floating debt, and in addition to
above surplus assets has materials, fuel, Ac., on hand, amounting by
actual valuation to $1,024,251, making total available assets Dec. 31
1882, $1,369,026.”
Income account for three years is as follows:
1880.
686

1.750,000

200 Ac.

....

....

Outstanding

Rate per
Cent.

1,500,000

1,000

35

error

discovered In these Tables.

Bonds—Princi¬
pal,When Due.
Where Payable, and by Stocks—Last

INTEREST OR DIVIDENDS.

Amount

1,534,000
1,000.000
1,200,000
1,200,00ii
672.000
670,000

1,000

The following is a summary of the floating liabilities and assets on
Dee. 31, 1882:
Liabilities of all descriptions (its per general account)
$3,007,931
Against which there are assets as follows :
Cash, bills and current accounts
$1,389,862
Advanced on Utah lines
135,095
Advanced to Rio Grande West. Const. Co. (almost
entirely repaid since Jan. 1, 1883)
1,143,000
Securities on hand (market value)
384,750— 3,352,707

Earnings—
Passenger
Freight

BONDS.

$6,157,000
5,292,800
1,800,000

100

....

1876
1880
1881
1874
1874
1881
1880

annum.

Tot. miles oper’d at close of yr.

AND

great favor by giving Immediate notice of any

DESCRIPTION.
For

STOCKS

586.000
18,000 p.m.
7,000 p.m.
2,000.000
1,000,000
200,000

When

Payable
ft. A S.

9 84

7
6 g.
7 g.
6

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

6
6

J.

J.

4
6

A. cV

d.

A.
F.
J.
F.
F.
.1.
J.

O.
A.

1t2
3

3*2
7
8
6

A
A
A
A
A
A

A

.1.
A.
A.
J.
.1.
O.

A. A
A. A O.

rr

7
0
6 g.
3
7
9 g.

J.

A
A
A. A
I. A
M. A
j.

7 g.
7
7

Dividend.

N. Y., Co.’s Agency.
New York/

Sept. 1, 1911
Aug. 15,1880
May 1, 1905

N. N.Y., LondonA Frankf’t
J.
N. Y.. Co.’s Agency.
J.
New York.
J. X. Y., Morton, B. ACo.
J.
do
do
A J.
do
do
A J.

7

6
8

Whom.

J.

J.
J.
O
J.
N.

New York A London.
do
do
N.Y.,Canad’n B. of Com.
N. Y., Winslow', L. A Co.
Boston.
do
Boston, 2d Nat. Bank.
do
do
N. Y., Metrop. Nat. Blc.
do
’
do

N.Y..M.K. Jesup.P.A Co.

N. Y.,M.K.Jesup,P.A Co.
X.Y., Jesup.Paton A Co.
X. Y., Central Trust Co.

A D. X.Y., N.Y. Cent. A Hud.
do
do
do
do

A. A O
A. A 0.

Jan. 1. 1921
Jan. 1, 1911
June 1, 1905
June 1, 1905
1905
1896

1881
1918
191S
Feb.
July

15, 1888

5, 1883
Aug. 15, 1883
Aug. 15, 1883
Jan
1, 1907
July 1, 1889
Oct. 1, 1921
Oct. 1, 1911
Oct. 3, 1921
July 1, 1913
July 1. 1919
Oct. 15, 1883
1894

May 1, 1911
June. 1890
1, 1890

Oct.
Oct.

1.

1890

work on

the extension and the hauling of construction
materials, which
will bo omitted the coming year.” Gross
earnings in 1881, $401,532*
net, $172,543.
In 1882 gross, $347,168 ; net, $120,286.
For eight
months of 1883 gross earnings were $198,429, net,
$42,870;

$223,868

gross

36, p. 622.)

against

and $66,008 net in 1882.

(V. 35,|p. 313, 574, 603; V.

Des Moines Osceola A; Southern.—
Projected from Des Moines,
la., to Kansas City, Mo., 300 miles, of which a portion is
built, and in
March, 1883, 100 miles onened. Stock issued, $509,000, $7,000
per
mile; bonds, $6,000 per mile. B. L. Harding, President, Des Moines.

Detroit Grand Haven A Milwaukee.—Owns from
Detroit,
This is a reorganization of
the Detroit & Milwaukee which was sold in foreclosure
Sept., 1878. A
sufficient amount of first mortgage bonds is reserved to retire Detroit
A P. bonds on maturity. The builds are guaranteed
by the Gt. Western
of Canada. Gross earnings in 1881, $1,200,928;
net, $317,247; in
1882 gross, $1,348,565; net, $339,453.

Mich., to Grand Haven, Mich., 189 miles.

Detroit

Hillsdale

A

Southwestern.—Owns from Ypsilanti,

Mich., to Bankers, Mieli., 65 miles. The Dot. H. A Ind. road was sold
in foreclosure Dee. 28, 1874, and this company organized
by the bond¬
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A Mich.
Southern Co. for $40,500 per year (3 per cent) on stock for two
years,
and $54,000 per year (4 p. ct.) afterward.
Detroit Lansing A Northern.—Owns from Grand
Trunk
Junction, Midi., to Howard City, Midi., 157 miles; brandies—Stanton
Junction to Big Rapids, Midi., 63 miles; Bolding
Branch, 1U miles;
1 (fused, Grand Trunk Junction to Detroit, 3 miles;
Lansing to No.’
Lansing, 1 mile; total operated. 225 miles. A consolidation, April 11,

1871, of the Detroit Howell A Lansing, the Ionia A Lansing and the
Ionia Stanton A Northern railroads, under the name of Detroit
A Lake Michigan RR., which was sold in foreclosure December Lansing
14,1876,
and new stock issued as above.
In July, 1883, leased the
Saginaw A
Western and endorsed the bonds. (See V. 36, p. 074.)
The annual report for 1882, in V. 36, p. 36 4, had the
“
following:
The income account for 1882 shows the following : Balance of
account
Jan. 1, 1882, $51,512; net earnings of 1882, $461,0v2; total
$512,594.

Annual interest, $223,o49; 7 per cent dividend

income,

on

preferred

stock paid Aug 15, 18-2, and Feb. 15, 1883. $175,231 ; 3
per cent
dividend on common stock paid Feb. 15. 1H*<3, $5 4,765; balance to
credit of income account, after paying dividen Is of Feb. 15,
1883,
$59,0 48. During the year the bonded debt was increased by the sale
of $44,000 Detroit Lansing A Northern RR. Co. 7 percent
bonds, due
Jan. 1, 1907, to provide to
the $50,000 depot ground bonds
paid in
1881.”
1881.
1882.
Total gross earnings
$1,377,698

$1,597,142

Total net income

$446,912

Disbursements, including 7

per

cent (liv

Balance, surplus
-(V. 36, p. 364, 674.)

410,757

$171,507
409,205

$36,155

$62,302

Detroit Mackinac A Marquette.—Owns from Straits of Mack¬
inac to Marquette, 152 miles; nraneh projected to Sault St.
Marie,
48 miles, and extension west to Ishpening, 17 miles. Tnis road is in¬
tended to form, in connection with others already built, a line
along the
south shore of Lake Superior.
Tlie stock was increased ii^ 1883 to
$10,000,000, in $100 shares. The land bonds receive 25 per cent of
net proceeds of land sales as their yearly income.
Gi'oss earnings in

1882, $243,514; net, $42,715.
Jas. McMillan, President;
Seney, director in New York. (V. 37, p. 68.)

George I.

Dubuque A Dakota.—Owns from Waverly to Hampton, 41 miles,

and from Sumner. la., to Waverly, la, 23 miles. Built on the old
grading
of the Iowa Pacific. The Dubuque A Sioux City Co. guarantees the bonds
issued for construction to the extent of $10,090 per mile. Bonds
may be
Pref. stock $410,000 and ordinary stock
paid off at any time at 105.

$156,600.

Gross earnings in 1882, $81,958

;

net, $34,174.

Dubuque A Sioux City.—Owns from Dubuque, Iowa, to Iowa
Falls, 143 miles. Chartered as Dubuque A Pacific in 1856, foreclosed in
1860, and present company organized. Leased to Illinois Central from
Oct. 1. 1867, for 20 years, the lessees agreeing to pay 35 per cent of
gross earnings for ten years and 36 per cent for next ten years, with
privilege to make the lease perpetual at the latter rate. Gross earnings
in 1881, $1,110.041; rental, $399,614; gross in 1882, $1,093,866 ;
net,
$393,791. M. K. Jcsup. President, N. Y. City. (V. 35, p. 737.)
Duluth A Winnipeg.—Projected from
Duluth to Manitoba
boundary line, 280 miles. Tuc land grant amounts to 1,800,000 acres.
which is subject to the first mortgage. The stock is $5,000,000. Wm.
W.

Spaldingj President, Duluth.

Dunkirk Allegheny Valley A Pittsburg.—Owns from Dun¬
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
Warren A Pittsburg and Warren A Venango in 1872.
Is leased to N. Y.
Central A Hudson River Co., but accounts are kept separate. There is
an annual deficit in net earnings below the interest charge, but the N.Y.
Central A Hudson River Co. hold $2,920,000 of the securities.
Gross

earnings. 1880-81, $291,208;

$335,237; net, $11,009.

net, $5,302.

In 1881-82 gross earnings,

Capital stock, $1,300,000.

'r

Miles
Date
of
of
Road. Bonds

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

30
36
36

registered—* —

East Tennessee Virginia <£• Georgia—Common stock. 1,123
1,123
Preferred stock (6 per cent)
1.123
Consol, rnort., gold (for $2*2,000,000)
Consol, mort., “Divisional” bonds
Income bonds, gold
242
Old 1st mortgage sinking fund bonds

1873

....

112
130

East Tenn. & Georgia ($02,000 are endorsed)
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
Alabama Central, 1st mortgage, gold, coupon
Cinn. & Georgia RK., 1st mortgage
Car trust bonds
Eastern (Mass.)—Stock
Essex RR.lst mort. (extended for 10 years)

....

95

Mortgage funding certificates

38
94
14
110
47
77
77
77

..

Elmira Jeff, d Canandaigua.—Stock
Elmira <£• Williamsport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erie d Pittsburg—Stock
2d mortgage, convertible

Ea*t Broad

gross.

1,000

....

1881
.1870
’50-’56
1856
1872
1879
1883

1882

1872

1,000
1,000
....

1,000
1.0U0
100
100 Ac.
500 Ac.
100
100 Ac.
100

1,000
100
50
50

.

.

....

1860
1863

100

81^

1,000
1,000

1865

1,000
500
50
100 Ac

Top (Pa.)—Owns from Mount Union. Pa., to RobertsA coal road, opened in 1874. The stock is $549,248.

earnings were

Bonds—Princi¬

$127,940; net, $42,350;

1881-82,

$139,200; net, $39,185.

Hast Pennsylvania.—Owns from Reading, Pa., to Allentown, Pa.,
30 miles.
It is leased for 999 years from May 19, 1809, to the Philadel¬

phia & Reading RR., at a rental of 0 per cent per annum on
and interest on the bonds. G. A. Nicolls, President, Reading.

the stock

Where Payable,

and by

Stocks—Last
Dividend.

Rate per
Cent.

Payable

7
3
7

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

Philadelp’a, Co.’s Office. July 1, 1903
Phila., by P. A R: RR.
July 17,1883
Mar. 1, 1888
Phila., P. A R. office.

J.
J.

N.Y.,Metropolit’n N.Bk. July 1, 1930
do
do
July 1, 1930

$500,000
1,709,550
495,900
27,500,000

1879-0.

When

pal,When Due,

Whom.

16,500,000

1.000

1880

16

Eel River—Stock
1st mortgage
Elisabeth. Lex.it Big Sandy— 1st mortg., cp, or reg..

Amount

Outstanding

100

1851
1876

■

or
Par
Value.

50
100 Ac.
100

1858

283

Eastern (N. II.)—Stock
Eastern Shore (Md.)—1st mortgage

Size,

$1,000

....

....

dale, Pa., 30 miles.
In 1880-81 gross

[Vol. XXXVII.

INTEREST OR DIVIDENDS.

DESCRIPTION.

East Broad Top—1st mortgage,
East Pennsylvania—Stock
1st mortgage

BONDS.

Immediate notice of any error discovered in tbese Tables.

Subscribers will confer a great favor bj giving;

For

AND

STOCKS

RAILROAD

36

•

14,592^000

5

2,650,000
16,500,000
3,123,000
388,000
147,000
95,000
1,000,000
2,000,000
1,0< >0,000
4,997,000
194,400
13,425.274
492,500
450,000
2,792.800
140,000
3,500,000
500,000

5
6
7
6
6
4
6
6

21l
5
1
7
6
5

A J.
A S.
A S.
A D.

do
do
do
do
do
do
do

6
5

13*

1882 to 1886

May 1, 1886
jail. 1, 1887
July 1. 1918

July, 1923
Julv 15. 1873

Boston and London.
Boston, by Treasurer.

Philadelphia.
by Treasurer.

Sept. 5, 1883

Boston,

Mar. 1,

New York.

Baltimore, N. Cent. RR.
N. Phila., Penn. R. R. Co.

A
A J.
A J.
A 0.

Q.-M.
A. A 0.

7

Aug. 1, 1931
July 1, 1900

Sept, 15,1886
Sept,, 1906
June 15,1883

F. A M.
M. A. S.

AI.
J.
J.
A.

do
do
do
do
do
do
do
Boston.
do

....

Q.-M.

2*2
312

1,000,000
570,000
1,998,400
91,800

do
do
do

do
do
do

1902

(?)
Nov*.

1, 1883

July 1, 1883
Jan.
Oct,

N. Y., Union Trust Co.
do
do

1,

1910

1,

2862

Sept. 10, 1883
Aorill, 1890

•

>

store,

Ala., stock

J.
M.
M.
J.

3
6
6 g.

500,000
500,000

Supply

A J.
A J.
Oct.
J. A J.
J. A J.
M. A N.
J. A J.
J. A J.
J. A J.

a.

on

Selma,
hand..

Cent. Trust Co., N. Y.,
5 per cent bds. held
to take up prior liens

$1,G92

7,408,000

Pay-roll balances
Pay-rolls for June and
unpaid vouchers
Samuel Thomas, Prcs’t
Due indivs,agTitsAcos.

$23,231
174,226
250,567
78,075

$95,391,289

$95,391,289

431,478, 486, 574, 577; V. 36, p.
427, 510, 560, 731; V. 37, p. 234, 321, 397, 424.)
Eastern (Mass.J-Owufl from Boston, Mass,, to New Hampshire
East Tennessee Virginia Sc Georgia.—(See Map.)—The East
Tennessee Virginia A Georgia Railroad is composed of the following State Line, 41 miles; branches —Salem to Marblehead, 4miles; Bever¬
lines, which were consolidated July 20, 1881, under the above title: ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles ; Revere
The East Tennessee Virginia A Georgia Railroad, the Macou A Bruns¬ to East Boston, 3b> miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. H., 16
wick RR., the Cin. A Ga. RR., t>.e Knox. A Ohio RR., and the Alabama
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to
miles; Portsmouth A Dover, 11 miles; Portsm. Gt. Falls A Conway, 71
Chattanooga, Tenn., 242 miles; Mdrristown to Paint Rock, Tenn., 45
miles; Knoxville, Tenn., to Kentucky State line, 6(> miles; Cleveland, miles; Wolfeboro Railroad. 12 miles; total operated, 283 miles.
In March, 1883, a lease of this road to the Boston A Maine was ratified
Tenn,, via Dalton Rome & Selma, to Meridian, Miss., 380 miles: Ooltewah
for fifty-five years (subject to legislation in New Hampshire), under which
to Red Clay, Tenn.. 12 miles; Rome, Ga., via Atlanta and Macou, to
the B, A M., after paying all yearly obligations of both companies out of
Brunswick, Ga 378 miles.
the joint earnings, will take $630,009 per year, and the next $140,000
The company owns 1,123 miles of railroad. It also operates under a
is divided equally between the two companies, after which $366,OoO, if
lease for twenty years from July 1, 1879, the lines of the Memphis A
Charleston Railroad Company, from Chattanooga to Memphis, Tenn.. earned, goes to the Eastern.^ The B. AM. w ill also pay 6 per cent on
$5,000,000 new pref. stock if issued by the Eastern for retirement of
310 miles, and the Florence and Somerville branches, 20 miles, in all
debt. Mortgage notes are $684,300, secured by real estate. The last
330 miles, makir.g a total of 1,453 miles of owne l and leased lines now
annual report for the year eliding Sept. 30, 1882, was published in V.
in operation. On June 4, 1883, the through line between Knoxville, Ky.,
and Louisville, Ky., was opened, and since that time daily through trains 35, p. 705. Operations and earnings for three years past (ending Sept
36) were as follows:
have been running, thus making much the shortest route to all points
Gross
Net
Passenger
Freight (ton)
south and southeast of Knoxville. The new branches and extensions
Receipts.
Years.
Miles.
Receipts.
Mileage.
Mileage.
having been opened so recently, it is difficult to say exactly on what mile¬
282
$77,081,998 $61,707,305 $2,905,056 $1,084,927
age the earnings of 1882 were made; but most of the time it was on
3,094,273 1,124,600
282
83,411,100
63.099,873
900 miles of road, and now*, as they are all completed and the lino capa¬
3,403,077 1.110,109
193,871,712
1881-2
283
68,479,129
ble of being operated as a whole, instead of as heretofore in disjointed
divisions, it is predicted by the managers that in the coming year a much
-(V. 35. p. 21, 577, 602, 705 ; V. 36, p. 311, 365, 510, 536, 675 ; V.
better

showing w ill be made.

Memphis A Charleston RR. is an operating lease
simply, and creates no moneyed obligation against the East Tenn.
Va. & Ga. RR., all net earnings being paid over to the lessor com
pany. There were various negotiations in progress about this lease,
but all complications have been settled by the acquisition of a majority
interest in the capital stock of the Memphis A Charleston Co. by parties
controlling the E. T. Va. A Ga.
Of the first mortg. consol, bonds, there are held in trust by the Cent.
Trust Co. $7,408,000, to retire the same amount of the outstanding divis¬
ional and sectional bonds.
The fiscal year ends June 30. The annual report for 1882-83 was
published in the Chronicle, V. 37. p. 397, and had the following:
The lease of the

EARNINGS AND EXPENSES.

Freight

$965,478

$

2,603,225

2,603,225

57.877

57,877

Express

Total receipts
Total expenses

95,452

95,452
26,689

28,030

54,719

$1,145,498

$2,631,255

$3,776,754

802,434

1,581.267

2,383,701

$343,064

$1,049,987

$1,393,052

Mails
Miscellaneous

Net

Total.

Freight.

Passenger.
$965,478

Beccipts from—
Passage

earnings

The income account gave net

earnings $1,393,052 ; interest and taxes,
Construction expenses were $1,188,816

$1,383,307; balance, $9,745.
and receipts from sale of $2,000,000 Cin. A Ga. RR.
CONDENSED LEDGER

HA I ANCE ON JUNE

bonds $1,200,000.

30, 1883,

Equipm’t A cost of r’d.$82,500,000 Capital stock (com.).. .$27,500,000
I
Do
(pief.)... 16,500,000
Construct'll and cquip10,500,000
ment account
1.199,917 Income bonds
j

_

Profit and loss

Cash on hand A in bks.
Bills receivable
U. S. P. O Department

183,517
89,967
2,690
24,313

Suspended accounts...
Two sleeping cars
Car-lifter, Lynchburg
Telegraph Co. stoeic
Express Co. stock

23,989
11,442

Soutli’n Cat W’ksst’ek.

10,000

Bonds, State of Tenn..
Bonds, Memphis City..

2.000

.

...

Coal Cr’k A N. Riv.RR.
Coal lands
Mem. A Chari. RR. st’k.
Do
coup, acc’t
Car Trust, series “A”..

Rogers’ Loco. Trust...
Bonds A st’ks unissued
Indiv’ls, agents A Cos.

City lots




2.597

147 6s, due

May 1. ’86.

147,000

due July 1, '86..
217 6s. due Jan. 1, ’83.

92,' 00
217.000
79,000

92 6s

79 6s, due July 1,’83 .
1 6s, due May 1, 1882.
1 6s, due. July 1, 1880.
1 4s, due Jan. 1, 1887.

1,750 3,123 7s, July 1, 1900.
5,000 2,650 5s, July 1, 1930.

1,000
6.011
32 549
195.375

1,116.455
1,475,215

115,000

767,431

214,502
870

1,000
1.000
95,000
3,123,000

2.650,000

July 1,-1918.
1,000,000
1st mortgage 5s. (only
$14,592,000 issued). 22,000 000

1,000 6s.

1,000.000

Car trust bonds

Rogers Loco. Tr. bond.
Cin. A Georgia bonds
Bills payable
Dividends unpaid
Memph. A Char, cash
.

account
Tnt’stdue July 1,
State of Georgia

1883

115,000
2,000.000

28.500
11,845
491 126

582,335
731,380

-(V. 35. p. 50, 51, 103, 298, 313, 430,

37, p. 234.)

Eastern (N. H.)—Owns from Portsmouth, N. H., to Seabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to4+2 per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Hid.)—Owned from Delinar to
miles. The road wras sold in foreclosure Feb. 19, 1879,

Crisfleld, Md., 3S

subject to the

first

He-organized, aud in 1882 a uew mortgage was issued at
5 per cent, and prior mortgage bonds exchanged. Stock, $139,0 0 com¬
mon, an l $330,000 preferred
Gross earnings in 1881, $68.616: net,
$13,782. In 1882 gross, $81,010; net, $22,229. S. M. Felton. Presi¬
mortgage.

dent,

Philadelphia.

(V. 35, p. 160, 404.)

Eel River.—Owns from Loiransport., Ind., to Butler, Ind., 94
miles. This was formerly the Detroit Eel River A Illinois Railroad*
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10, 1877.
In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad for 99 years, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, audita
per cent thereafter.

Elizabethtown Lexington Sc Big Sandy.—Road owned, 1883:
Big Sandy River (C. A O. Junction) to Ashland, 8 miles; Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction. 22 miles; total operated, 132 miles. Charter permits exten¬
sion to Elizabethtown.
It is the connecting line of the Chesapeake &
Ohio and controlled by the same parties. Authorized capital of flic
company is $5,000,000. with a provision in the charter to increase it to

$10,000,000. Amount issued, $1,184,200.
In 1882, gross earnings,
+534.154; net, $156,455. For eight months of 1883 gross earnings
were $455,893, net, $131,701; against $3o5,401 gross and $191,096 net
in 1882.
A- L. Reid, President. New York City. (V. 37, p 205.)

Elmira Jefferson Sc Canandaigua.—Owns from Canandaigua*
Y’., to Watkins, N. Y., 47 miles.
Tne road was forecksed and

N.

reorganized under present name Feb. 18, 1859. It was leased to New*
York A Erie for 20 years from Jan. 1, 1859, aud the lease transferred!
to N. Ceil. RR. in 1866 at a rental of $25,000 per year.
Lease termi¬
nated Jan., 1379, and road nowMiperated at cost by Northern Central.
Gross earnings in 1881, $354,186; uet, $90,157; gross in 1882, $368.403; net, $-5,000.
Elmira Sc AVilliamsport.—Owns from Williamsport, Pa., to
Elmira, N. Y., 77 miles.
This company was reorganized under tho
present name Feb. 29, 1860, aud leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 per cent
and on the preferred 7 per cent.
Operations are included in the North¬
ern

Central returns.

Erie Sc Pittsburg.—Owns from New Castle, Pa., to Girard. Pa.*
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased —
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865It was leased to the Pennsylvania RR. for 999 years from March 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease nas
been

quite unprofitable to the lessees; the

1880 was

deficiency paid by them in

$242,819, in 1881, $233,522, aud in 1882, $207,651.




*

t

38

RAILROAD
Subscribers will confer

a

great favor by

STOCKS AND

BONDS.

giving Immediate notice of

any error discovered In tbese Tables.

DESCRIPTION.
Miles

Date

Size,

For explanation of column headings, Ac., see notes
of
of
on tirst page of tables.
Road. Bonds

[Vol. XXXVII.

INTEREST OR DIVIDENDS.

or

Amount

Par

Outstanding

Value.

Rate per
Cent.

Bonds— Princi¬

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

When

Payable

Whom.

Dividend.

-

-

*

Erie & Pittsburg—(Continued)—
Consolidated mortgage

free of State tax
Equipment bonds
European & No. A merican—Stock, guar. 5 per et
1st mart., Bangor to Winn., Bangor loan
Evansville J T. Haute—Stock ($100,000 is pref. 7)
1st mortgage, Evansv. A Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to T.H.)
Consol, mort., gold (for $1,500,000)
1st mort., Mt. Vernon Branch, gold
Evansville Terre Haute & Chic.—1st mort., gold....
2d mortgage, gold

187-920

81^
....

114
50
140
51
109
144
25

.

55
55
190

Fitchburg—Stock

Bonds, coupons, ($4,950,000 authorized)
J'lint <C Here Marquette—Preferred stock
Reorganization mortgage bonds, gold
Flint A Holly RR. (siuk’g fund$25,000 per year).
Bay County, issued in aid, guar, by lessees
Holly Wayne A Monroe, 1st mort., sinking fund.
Florida Central <0 Western—1st mort.. gold
Fonda Johnstown <£ Gioversville—1st
mortgage

....

317
290
17
....

1808

$1,000

....

1809
.

.

1,000

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

....

....

011.000

2.078,000

375,000

100

775,000
325,000
4,950,000

1,000

3,000,000

....

’74-’81

1880
1808

1,000,000
3,000,000
231,000

50

.

1852
1854
1870
1883
1809
1872

6,500,000
3,050,000

....

1,000
500 Ac.
500

300,000
75,000
1,000,000

-

m

05

234

-

10

Consol, mortgage
Fort Madison d- Northwestern—1st mort., gold
Fort Wayne <£ Jackson—Pref. stock, (8 percent)
Common stock
Fort Wayne Cincinnati <& Louisville—Stock
Fort Worth <£• Denv. City—1st M.,gold ($25,000
p.m.)
Frederick <£ Pennsylvania Line— 1st mortgage

European A:

North

20
100
97
97
128

28

1871
lgs‘2

1,000
1,000

1870
18 so

100 Ac.

1880

2,308,000
300,000

lOo Ac.
500 Ac.

....

200,000
150,000
2,287,832
431,747
4,000,000

....

1881
1370

1.000

— Owns
from Bangor, Me.,
miles.
Road was worked in
making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was made,
and a new company was organized October,
1880, which issued new
stock ($2,500,000) for the land grant mortgage.
The company had
a land grant of 750,000 acres in the State of Maine.
On Aug. 31, 1882,
a lease was made to the Maine Central for 90
years to date from April 1,
1882, for $125,000.per annum, equal to 5 per cent per annum on the
stock, and assuming the bonded debt. Earnings in 1881-82, $540,022;
net, 221,094. (V. 35, p. 100, 211.)
Evansville Sc Terre Haute.—Owns from
Evansville, Ind., to
Terre Haute, Ind., 109 miles: Owensville branch and
extension, 37
miles; total operated, 140 miles. The Rockville
Extension, 23 miles
additional, is leased to the Terre Haute A Lognnsport for 99
years from
Nov. 1, 1879.
Formerly the Evansville A CYawfordsvillo RR. Co.
Gross earnings year ending Aug. 31: 1880-^1,
758
$08s,
; net, $202,170;
1881-82. $820,427; net, $374,781
(V. 35, p. 484; Vr. 30, p. 731; V.
37, p. 175.)

Evansville Terre Haute Sc Chicago.—Owns from Terre Haute
Junction, Ind.. to Danville, Ill., 49 "miles; leased, 0 miles: total
operated, 55 miles, It uses 0 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block
Coal road, 15
miles. On April, 30, 1880, a lease to the
Chicago A Eastern Illinois
was made for 993 years; terms,
$75,000 per annum and the assumption
by the C. & E. I. of all rentals and taxes paid by E. T. II. AC. The
bonded interest was reduced to 0 per cent an l
preferred stock for $100,000 issued for overdue coupons; common
stock, $090,000.
Josephus
Collett, President, Terre Haute, Ind.

Fitchburg.—Owns from Boston, Mass.,

lY

branches—Charlestown,

less Tates than in 1881.”

Operations and earnings for five years past (ending Sept.
30)

follows:

Passenger Freight (ton)
Gross
Miles.
Mileage.
Mileage.
Earnings.
152 32,200,503 G8,041,193
$1,937,934
152
190
190
190

35,094,145 92,832,640
39,752,302 109,323,290
42,854,017 114,507,910
47.028,311 112,948,822
—(V. 36, p. 55, 139.)
....

....

were as

Net

Div.

Revenue,

p.et.

$317,020

2.079,973
2,3 75,090
2,501,595

379,202

498,819
289,581

0
6
8
7

2,152,729

300,271

6

-

Flint Sc Perc

Harquette.—Owns from Monroe, Midi., to Ludington, Mich., 253 miles; branches—Bay
City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South
Saginaw branch,
5 miles; Harrison branch,
15 miles; Manistee branch, 27 miles;
Saginaw A Mount Pleasant Railroad, 15
miles; total

operated,
317 miles.
A Receiver took the old
company in June, 1879; the
road was sold August 18, 1880. under the
consolidated mortgage, and
reorganization was made andpreferred stock ($0,500,000) issued for tne
consolidated mortgage bonds, and common stock
($3,500,000) is to be
issued for the old stock. The common stock has no
present right to vote
or to receive dividends, and will
be issued only after the
preferred
stockholders have received 7 per cent
yearly dividends for live con
aecutivc years. The preferred stock is not
cumulative, and after 7 per
cent per annum is paid on loth classes of
stock, the balance of income,
if any, is to be divided ratably.
On Jail. 1, 1883, the land notes on hand for lands
sold were $747,532,
and lands yet unsold 109,815 acres. Annual
report for 1882, in V. 30,
p. 478.)said: “The prospects
for the current year are very eneoairagiiig for traffic. The gross earnings of the first three months
of
1883 WfL*re $580,730, against $525,110 for the
same period of 1882—a
gain of *01,590. From the severity of the winter the
expenses were
largely |n excess of those of the same period of 1882.
years

tyist were

Earn

as

follows:

Ings—

Passenger
Freight!
Mail, express, Ac....
Total gross earnings
Op’g expeu’s A taxes

Net earnings




Earnings for four

1879.

$

1880.

1S81.
«e

1832.

$
505,283

055,473

99 1,309

1,157,307

39,907

72,508

$
795,839
1,317,042
07,342

1,151,201
745,912

1,599,021
1,145,929

1,885,413

2,180,223

1,315,322

1,432,209

405,289

•*o3,G9o

570,091

748,014

452,007
053,030
45,558

A
A
A
A

J. N. Y., Union Trust Co.
O.
do
do
O.
Bangor.
J. Bost., Merch. Nat. Bk.

500,000

July 1, 1898

Oct.
Oct.
Jan.
Jan.
Jail.
Nov.

Company’s Ollice.

....

N.Y.,Farm. L’auA T.Co.
do
do
do

do
do
do
N.Y.,Farm.L’an A T.Co.
do
do

July
April
Nov.
Jan.

Bostou, Ollice.

-

July

do
N. Y., Mcr. Ex. Nat. Bk.
do
do
N. Y.t Median. Nat. B’k.
New York.
N.Y.. Mcrcli. Nat. Bank.
N. York or Amsterdam.
N. Y., St. Nieh. Nat. B’k.
do
do
New York or London.

0
0

o-

1900
1883
1894

1833
1887
1887
1921
1923
1899
1902
1883

1894 to 1902
Oct. 1,
Mav 1,

Sept. 1,
Jan.

1,

1920
1888
1887
1901
1922
1900

April 1,
July 1,
May 1, 1920
April 1,

1905

Sept, 1883

J. A D. N. Y., Mercantile Tr. Co.
A. A O. Pennsylvania RR. Co.

Receipts —
earnings

1,
2,
1,
1,
1,
1,
1,
1,
1,
1,
I,

July 10, 1833

....

Dec.

1, 1921
1900

INCOME ACCOUNT.-

1881.

Net

Disbursements—
Interest on debt
Dividends
Loss on cargo “St. Albans”

1882.

$570,091

$763,852

$322,118

309,024
422,500

357,500
3,935

Total disbursements
Balance, delicit

$083,553

def.$l 13,462

$731,524
$10,490

snr.

GENERAL BALANCE AT CLOSE OK EACH FISCAL YEAR.

Assets—

Railroad, buildin;

,„Ac.

Steamers owned

on

hand

1882.

9,071,959

11,301,845

11,754,789

2,000

520,0 4 L
92,354
217,777
47,204
21,291

229,382

14,741

28,209

12,231,853

12,900,001

.

In trustee’s hands

•

22,791
131,147
233,438

Assistant Treasurer’s account
Income aCeo mt

1881.
$

70,418
179,440

Materials, fuel, Ac
Cash

1880.
$

:..

Miscellaneous items

Total
;
10,311,193
Li ibilit.es—
$
Stock.
0,301,800
Funded debt
3,720.053
All other dues anrl accounts
117,120
Premium on bonds
Land receipts applied to redue tiim
of bon Is
Unpaid div’ds, vouch’rs A pay- rolls
102,315
income account
..

to Fitchburg, Mass, (do ible
1 mile; North
Cambridge

to
Waltham, 7
miles;
South Acton
to Marlborough. 12 miles;
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass.
RR., Fitchburg to Greenfield, 50
miles; Turners Fails Branch, 3 miles; Troy A Greentleld RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The,
Troy & Greentleh^
Rli. and the Hoosac Tunnel, owned by the State of
Massachusetts, have
been operated by this company, and are now
contraeteddo it tor seven
years rrom Sept. 30. 1880.
The annual report for 1881-82 in Chron¬
icle, V. 36, p. 55, said: “In 1881 the great
trunk-line war of rates
began; and freight -and for a part of the year passengers—were carried
in both directions at less than cost. There was a
large business; and our
tonnage and gross freight receipts and mileage all increase 1, while our
net results correspondingly decreased.
This ruinous competition, ami
the fulfillment of contracts made by Western
railroads, compelled us to
transport freight during the greater part of the present
year at even

Years.

0
0
7
7
0 g.
0 g.

American.

Vance boro (State Line), Me..
Hi
connection with the St. John & Maine,

miles;

J.
A.
A.
J.

.

J. A J.
M. A N.
J. A J.
A. A O.
o g.
M. A N.
o g. J. A J.
3
J. A I).
5, 0 A 7 A. A O.
3L>
J. A J.
0 g. A. A O.
10
M. A N.
10
M. A S.
8
J. A J.
5 g. J. A J.
7
J. A J.
0
A. A O.
7 g. A. A O.
2

2,750,000

1,000

lo

track), 50

7
7
2L>

685,000
2,500,000

100

....

.

$2,485,000

....

-

—

,

—(V. 35, p. 21 L; V. 30, p.

.

.

.

.

10,311,193

$
0,50 >,000
4,821,500
3 0 i,818
10 *,757

•

3 39,000

$
130,300
558,000
131,003
115,027
19,291

$
0,500,000
5,023,000
05,815

142,400

19.1*23

743,000
451,712
35,014

12,231,353

12,906,601

333,595

Florida Central Sc Western.—Jacksonville to
Chattahoochee ’
208 miles, and branches from Tallahassee to Sc.
Marks, 21 miles; and
from Driftou to Montieello, 4 m.;
total, 234 miles. This was a consoli¬
dation in January, 1882. of the Florida
Central, the Jacksonville Pen¬
sacola A Mobile, Ac.
Of the above bonds $1,000,000 are a pref. lieu
series A,” the balance of the issue
being known as “series B.” The
•

capital stock is $3,000,000; par $100. In 1882 earnings for 11 months
were $307,022; net,
$100,040.
B. S. Henning, President, New York
City. (V. 34, p. 00, 315.)
Fonda

Jolinatown

Sc Gioversville.—Owns from Fonda to
Road opened Dec, 1, 1870. The stock is $300,000.
1881-82 8 percent dividend was paid.
Net income, after deduct¬
ing interest and rentals, in 1880-81, 38,230; in 1881-82, $20,157. W.
J. Heacock, President, Gioversville, N. Y.

Nortliville, 20 miles.
In

Fort Madison A: Nortliwestern.—Owns from Fort
Madison,
la., to Birmingham, la., about 45 miles. Projected line, Fort Madisou
to Oscaloosa, la., 100 ..miles.
Stock, $425,000.
Earnings in 1881-82,
$47,402; net, $20,727. E i filings in 1832-8 f, $50,3lG;
net, $23,826.
J. C. Atlee, President, Fort Madison, la.
(V. 34, p. 004.)
Fort Wayne Sc Jackson.—Owns from Jackson, Mich., to Fort
Wayne, Ind, 97 miles.
This road is successor to the Fort Wayne
Jackson A Saginaw, which made default on its bonds and was sola
in
foreclosure Dec. 3,1879. On Sept. 1, 1882, leased
perpetually to L. Shore
A Mich. South, at a rental of $1^0,027, equal to 5 £3
per cent on the pref.
stock, and after 1^87 any net earnings over 8 per cent on pref. stock to
he paid as dividend on common stock, but not
exceeding 2 per cent a
year. Gross earnings in 1881, $295,502; net, $117,002.
(V. 35, p. 131,

293.)

Fort Wayne Cincinnati Sc Louisville.—From Fort
Wayne,
Ind., to Conuorsville, Ind., 104 miles; branch to Rusliville, Ind.,
24
miles; total operated, 128 miles.
The Fort Wayne Muncie A Cincin¬
nati Co. defaulted and a receiver was appointed Nov., 1874. The
road
was sold in foreclosure, July 27, 1881, to
Elijah Smith, for the bond
holders, for $1,000,000. The bondholders reorganized under this name.
Gross earnings in 1882, $274,320.
Elijah Smith, President, Boston,
Mass.
(V. 35, p. 131.)
Fort Worth Sc Denver City.—Road in progress from
Fort
Worth, Texas, northwest to the Canadian River; and in operation to
Wichita Falls, 110 miles.
It is built by Texas A Colorado Improve¬
ment Co.. G. M. Dodge, President, a
corporation identified with the
Gould interests. Stock $20,000 per mile;
par value of shares, $100.
Gross earnings. May to October, 1882, inclusive,
$129,123 ; net. $79,839.
Thos. W. Pearsall, President, N. Y. City.
(V. 35, p. 23, 131, 313, 431,
457, 480, 002 ; V. 30, p. 80.)

Frederick Sc

Pennsylvania Line.—Owns from Kingsdale to
City, Md.. 28 miles. It is leased to Pennsylvania RR., which
on first mortgage.
Preferred stock held by Pennsylvania
RR., $400,000; common stock, $312,528; floating debt,
(coupons),
$100,000. Jolm Loats, President, Frederick City, Md.
r
Frederick

pays

interest

.RAILROAD

1883.]

October,

Subscribers will confer

STOCKS

AND

BONDS.
*

a

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

Income bonds
1st mortgage
1st mortgage (new).
Galveston Harrisb.d- S.Antonio—1st mort,
2d mortgage

Miles

Date

of

of

see notes

Size,

gold, 1.

gr.

Mexican A Pacific Extension, 1st mortgage, gold
do
do
2d mortgage
Galveston Houston <£ Hend. of 1882—1st mort.,guar
Geneva. Ithaca & Sayre—1st mort., s. f., gold
Georyia Pacific—1st mort., $10,000 per mile

51
39
51
106
107
256
226
675
675
50

35
197
307

1871
1879
1876
1880
1881
’71-’80
1880
1881
1881
18^2
1870
1882

Value.

Amount

Outstanding

$500Ac.
1,000

Payable

7
7
7

1,000

1,199,000

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

4,800,000
1,000,000
13,500,000
6,750.000

1,000

2,006,000

7
r*

i

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

600,000
3,480.000
4,200.000

....

100

....

When

Cent.

270,000

1.000

100 Ac.

Rate per

$690,000
317,082
2,152 000

....

098781
Georgia Railroad <£• Ranking Co.—Stock

mort.

77
332
332
332
332
219
219
570
....

292
292
292
....

(for $3,o00,0u0)

Fremont Flkliorn Sc Missouri

292

77A80
1867
1869
1869
1875
1881
1881
1879
1883

*3*

4,000.000

8

1.000

90,000

1,000

3.000,000

7
6

1,000
1,000
100

....

100

1870
1878
1881

'

.

$94,770
8 ,708

3,004

Donations on account of extensions
Town lot sales

17,0(H>

2,800

Total

receipts
Expenses—

$199,949

F.
M.
.1.
M.

J

do

do

N.Y.,D.,M.ACo.,ALoml. Feb. 1, 191?
N. Y., Drexel, M. A Co. June 1, 1905
New York.
May 1, 1931
do
New York.

N. Y.t

July 1,

Metrop. Nat. B’k.

do
do
do

do
do
do

J. A J. N. Y., Third Nat. Bank.
A. A O. N. Y., Winslow, L. A Co.
M. A S.
do
do
F. A A. N. Y„ Nat. Citv Bank.
M. A N.
do
do
J. A J. N.Y. Nat.City Bk.AGalv.
A. A O.
New York.

iv

1901
1899
1886
1900
1899

Boston, Everett Nat.Bk.

7 g.
7 g.
7
6
8
7 g.
6

4,000.000
2,903,000
1,097,000
1,600,000
3.781,000
6,840.000
(?)
9,168.700
5,083.024

•

Stocks—Last
Dividend.

do
do

1

1,000

1,000
1,000

Augusta,Ga., RR. Bank.

do
do

J.
J.

296,000

1.000

Q.- J-

pal,When Due.

Y., Nat. Park Bank.

/

4,985,081

1,000

N. Y.. Central Trust Co.

N.

6
7

100

Valley.—Fremont to Thaekler,

Rental of road

2.100,000

1,000

Neb., anil Norfolk Junction to Creighton, Neb., 305 miles. Leased to
Sioux City & Paeilic HR. The rental is 3313 i>er cent of gross earnings.
Stock, $1,924,500.
See report and balance sheet in V. 30, p. 320;
balance of income over interest, Ac,, $7,240. Receipts and
expenses
for the year ending Dec. 31, 1882, were as follows :
Receipts—

Connecting roads
Interest and profit and loss account

r*

1,000

Where Payable, and by
Whom.

A. A 0.
A. A O.
A. A O.
A. A O,
A. A O.
F. A A.
I. A D.
M. A N.
J. A J.
A. A O.
J. A J.
J. A J.

2*2

rwui

Bonds, not mortgage
Macon A Augusta, 1st mortgage
Grand Rapids i£* Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR)
1st mort., gold, ($1,S95,000 are,land grant)
income mortgage bonds, for $10,000,000
Green Rag 1 Yinona d St. Paul— 1st mort. coup
2d mort. income bonds, rcg.. noil-cumulative
Gulf Colorado & Santa Fe— 1st M., g. ($12,000 p.in.)
2d mortgage ($13,006 per mile)
Hannibal if; St. Joseph—Common stock
Preferred stock (7 p. e. yearly, not cumulative).
Bonds 1870, convertible
Land grant bonds, secured by land notes

Bonds—Princb

INTEREST OR DIVIDENDS.

or

Par

Road. Bonds

Fremont Elkhom <t Mo. Talley— 1st mortgage
1st mortgage

Consolidated

■

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

DESCRIPTION.
For

39

•

A J.
A J.

A A. NT.
A S. X.
A J. N.
A S. N.

1931

April 1, 191?
July 1, 1890
Jaii. i; 1922
July 15,188?
Yearly to 1890
1897 A 1910
1887

Y., Company’s Office
Y., B’k. No. America.
Y., Farm. L. A T. Co.
Y., B’k. No. America.

1899
1899
1906
Feb. 1, 1911

May 1, 1911
July 1, 1909
Oct, 1, 192?
Feb. 15. 188?

Mar., 1685
Jail. 1, 188S
Mar. 1/1911

by outsiders. Stock of the new company is $1,000,000. W. II. Harding,
President, Galveston, Texas. (V. 35, p. 160, 211, 637, 762; V. 36, p. 30^
674, 675.)

Gejieva Itliaca Sc Sayre.—Owns from Geneva, N. Y., to Sayre,
Pa., /5 miles; branch, llhaea, N. V., to Cayuga,-N. Y., 38 miles; total
operated. 113 miles. Organized Oe-t. 2, 1876, as successor of the Geneva
Ithaca A Athens Rli. (so'd in foreclosure Sept. 9, 1876), which had
been formed by consolidation of the Geneva & Ithaca and Ithaca &
Athens railroaiis. May 25, 1874.
In 1880 absorbed the Cayuga A South.
RR., 37 miles. The common stock is $1,275,000; preferred, $400,000.
Gross earnings year ending Sept. 30, 1861, $162,920;
expenses, $452,725; net, $10.195. In 18S1-82. gross, $505,468; expenses, $532,423;
deficit, $26,955; interest payments, $59,697; total deficit, $86,652.
R. A. Packer is President, Sayre, Pa.

Salaries and general expenses
Interest on bonds

Georgia l*ac*iflc.—Atlanta, Ga.. to Texarkana, Tex.. 609 miles pro¬
$1,043
191,005—192,708 jected, oi which 278 miles completed to Nov.. 1883, including the Green¬
ville (N. G.),52 miles, purchased. Built by Richmond A Danville Exten¬
Balance to income account
$7,240 sion Co., which has $5.000.ooo subscribed capital. See re.xirt at length
in V. 36, p. 195. (V. 35, p. 71, 189, 291, 297, 405, 603,
—(V. 35, p. 235; V. 30, p. 220, 023.)
763; V. 36, p.
Galveston Harrisburg d San Antonio.—Owns from nous- 195; V. 37, p. 151, 312.)
ton, Texas, to San Antonio, Texas, 217 miles ; Lagrange Extension, 31
Georgia Railroad A: Banking Co.—Augusta, Ga., to Atlanta
miles; Harrisburg to Pierce Junction, 8 miles; leased, Harwood to Ga., 171 miles; branches to Washington and Athens,60 miles; Warren"
Gonzales, 13 miles; total, 209 miles. Western Extension, San Antonio ton, Ga.,to Macon, Ga., 76 miles; total operated, 307 miles. The West*
to Rio Grande River, connecting with Southern Pacific, 030
miles; Eagle ern RR. of Alabama, purchased in May, 1875, at foreclosure, is owned
Pass Branch, 35 miles; total Western Extension, 001 miles. Grand total, jointly with the Central RR. of Georgia. The Macon & Augusta
RR.,
939 miles. The extensions to the Rio Grande at Eagle Pass and to El 76 miles, is owned by this company. The Port Royal A
Augusta RR.
Paso were completed late in 1882.
is owned one tilth part by this company; the Atlanta A West Point
This company was successor to the Buffalo Bayou Brazos & Col.
Rail¬ thirty-five one hundredths by this company.
In April, 1881, a lease for 99 years was made to W. M. Wadiev and
way in 1870.
The capital stock outstanding on tlie whole road is
$27,053,000. The 1st mort covers 350 miles of old road and 1,800,000 associates (for the Central of Georgia and the Louisville A Nashville
acres of land.
Tlie proceeds of land sales are used to retire the bonds, railroads) at $600,000 per year, p yable
semi-annually, and dividends
and also a sinking fund of 1 per cent, hut it is
optional with bond¬ are 2*2 percent quarterly, in 18-2-83 net income from all sources,
holders to surrender their bonds, if drawn.
I11 June, 1881, a large including bank, was $612,814. leavingbalance of $28,181 over all pay¬
interest in the stock was bought by Southern Pacific parties.
The ments, including dividends. (V. 35, p. 430; V. 36, p. 453, 559 )
mortgages on the Mexican Pacific extension cover 636 miles of road,
Grand Rapids Sc Indiana.—Owns from Fort W.tyne Inn., to Bar
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
View, Mich., 332 miles; branches to Carey’s, Mich., 15 miles, and Mife*
671 in all. T. W. Pierce, President, Boston. The land
grant is sixteen chell, Mich., 8 mi’es; total owned, 355 milk s ; leased and operated: Cm.
sections (10,240 acres) per mile.
Richmond it Fort Wayne RR., 86 miles; Traverse City Railroad, 26
The annual report, in Chronicle, V. 37, p. 200, had the
miles: Bay View Little Traverse & Mackinaw Railroad, 6 miles; Grand
following:
STATEMENT OF EARNINGS, AC., BY DIVISIONS, FOR TIIE YEAR 1882.
Rapids &Maek., 34 miles; total. 508 miles.
The Grand Rapids <fc Indiana Railroad is operated in the interest
Houston Div.
San Ant. Div
of the Pennsylvania Railroad Co., and $4,000,000 of the first
mortgage
Average miles
260 00
150*6 bonds are guaranteed by that company, which buys the coupons cacfe
Total earnings
$1,628,026
$354,825 year if any remain unpaid by the earnings, and on January 1, 1883,
Total operating expenses
1.024,986
231,196 $1,862,170 unpaid coupons were, hold by Pennsylvania RR. and Penn¬
sylvania Company.
First mortgage bonds redeemed by the sinking
Net earnings
$603,039
$120,623 fund are replaced by income bonds issued. In April, 1883. payment or
coupons was suspended in con.seque.m e of the Pennsylvania Railroad
Expenses to earnings
62*98 p. cv
69 p. c
suit, and coupons were purchased by Penn. RR. Co. (See V. 36. p. 340.
Average per passenger.
3*04 ets.
3*06 ets.
399, and advertisement on page 3 of Chronicle. June 30, 18S3. The
Average per ton
2 83 ets.
1*99 ets.
company had land grants amounting to 852,960 acres, and sold m 1882
INCOME ACCOUNT YEAR 1882.
51,609 acres, for $129,122, an average of $8 32 per acre. The laud*
Houston Div.

Balance fiom 1881
Net earnings, 1882
Other

receipts

Total

receipts

Interest on bonds
Interest on debt
Interest on State school fund
Other expenses

Balance, surplus

$617,028

Mcx.A P. Ext.
$27,"53

603,039
100,003

417,387

$1,350,071
$335,233

$145,310
$347,280

36,987
19,055
31.513
921,281

2,1 51

95,909

.

Division, $120,038; El Paso Division, $296,759. Total, $1,120,440.
Interest requirements on securitas outstanding at close of
year,
$902,335 V During the year 1882 there were expen 7ed on construction
auil improvement of old road. $323,959 ; for equipment, $160,212; on
real estate, $33,431.
Total, $517,023.
(V. 35. p. 78,103, 213,266,
347. 405, 431, 456, 578; V. 36, p. 110; V. 37, p. 200 )

Galveston Houston Sc Henderson of 1882.—Owns from Gal¬
veston, Texas, to Houston. Texas. 50 miles.
The road was opened in
1853-4 and sold in foreclosure Dee. 1, 1871, and reorganized
as the G.
H. A H. of 1871.
In July, 1880, the company defaulted bn its interest
and the road was sold in foreclosure Aug. 1, 1882, for
$460,000. and
urehaseil in the interest of Jay Gould and Russell Sage.
The bomlolders. by agreement with the purchasers, received new 5 per cent
bonds for their old bonds, and the road is leased for 99
yours, to the
International & Great Northern Railroad Company and bonds guaran¬

by that

line
Yen

were as

Operations and earnings for four years past

follows:

Passenger
rs.
....

Miles.
332
332

on

mai*

*

Mileage.
17,823.880
21,309,396
21,661,483
28,382,854

Freight (ton)
Mileage.
51.267,197
69,801,159

Gross

Earnings.
$1,345,134

Net

Earnings.
$132,645

1,692,75 4
476,745
1,910,570
562,890
1882
2,260,29 L
582,054
-(V. 34, p. 315, 602, 663; V. 35, p. 23, 51, 317; V. 36, p. 340, 399
558, 707.)
....

....

....

332
332

79,316,473
93,283,242

Green Bay Winona A; St. Paul.—Owns from Green Bay. Wip.*
to Marshland, Wis., 209 miles; branches, 10 miles;
leased—Plovir
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
1881 of the Green Bay A: Minnesota, which company made default and
the road was sold March 12, 1881.
See plan of reorganization in

Chronicle, V. 31, p.453. Preferred stock is $2,000,000, and entitled
to 7 per cent when earned, and common stock $8,000,000, both stock*
in $100 shares. In 1881 net earnings were $70,774; in 1882, gross earn¬
ings $400,676; not, $93.327; rentals, $19,713. Samuel Sloan, President,
New York.
(V. 37, p. 201)
Guir Colorado A: Santa Pc.—Mileage was as follows August 1T
1883: Galveston to Lampasas. 274 miles; Fort Worth Division, Tem¬

ple to Fort Worth, 12s; Northeastern Division, Cleburne to Dallas, 54;
miles; Houston Divi¬
Road opened late iu
15, 1879. Formally
opened under new regime August, 1880, and has been rapidly extended.
See report in V. 37, p. 398.
Stock July 31, 1383, $1,569,009. In July,
1883, the 2d mortgage was authorized. Gross earnings iu 1881-82, on.
Eastern Division, Somerville to Montgomery. 56
sion. Alvin to Houston, 24 miles; total 536 miles.
1878 (63 miles), and sold and reorganized April

361 miles. $1,251,073 ; net $440,117; gross in 1882-83, on an average
of 493 miles, $2,068,958 ; net, $779,066. George Scaly, President. Gal¬
veston. Tex.
(V. 35,p. 339,3 47, 429, 763 ; V. 36, p. 561, 675; V. 37, p.
127. 398.)

company. The okl capital stock was $1,000,000, and no
Hannibal A; St. Josepli.—Owns from Hannibal, Mo., to St.
was allowed in the reorganization to the old stock held!
seph, Mo., 2u6 miles; bruuuncs—Cameron to Kansas City, 53 miles;

representation




cashier, $15,859.

1 881

Total disbursements
$1,350,071
$4 15,340
“The El Paso Division was leased during the past year, and the net'
income from the same was $296,759. The average mileage on the ex¬
tension west from San Antonio was 156*80 miles. The facilities and
track were devoted chiefly to •onstvuetion uses, no effmt
being made to
secure commercial business.
From and at'rer the opening of the whole
line, Feb. 1, 1883, the leases were cam eled, and the ioad throughout
operates! independently. Net revenue, old line, $703,013: San Antonio

teed

unsold on Jan. 1, 1883, were 478,7 i7 acres. The assets were $) ,625,988
cash in hands of trustees; $687,495 bills receivable, and cash with

Jo¬
St.

RAILROAD

40

Subscribers will confer a great

on

of tables.

Hannibal & St. Joseph—(Continued)—
Bonds Quincy & Palmyra RR
Harrisb. Fortsm’th Mt. J011 & Lane.—Stock
1st rnor., registered (extended 30 years in

1883).

Harrisburg & Potomac—1st mortgage, coupon
Hartford d- Connecticut Western—Stock...
1st mortgage
Eousufouic—Stock
Preferred stock
1st mortgage, coupon
9d mnrt. bonds of 1869

187-920.

1867

consolidated

Scrip for interest 1st aud 2d mortgages
Illinois Central—Stock
Leased line l per cent stock, guar

1853

1882

Too
.

142

142
345
119
58
464
58
522
58
58
58

•

•

•

....

706
706
706

1875
1871
1875

100
100
£200
£200
£200

non-cumulative dividend ot 7 per
cent; theneommon to 7; then both share. Fiscal year ends Dec. 31.
Annual election occurs iu May. Annual report in V. 36, p. 284.
INCOME ACCOUNT.

18S0.

1881.

$
1,997,405

$
2,561,390

$

1882.
$

2,257,231

2,419,600

773,983

1,256,800

819,939
288,978

1,043,824

1,514
297,107

6,351
63,610

41,795
37,559

4,746

1,072.604

1,326,764
$

1,188,271
$

1,048,570

1,132,633

1,134,157

1,008,760

194,131

53,814

-

Total income
Disbursement ts—
Interest 011 debt
Dividends on pr. st’k.

Miscellaneous

r

654.640

.

797,222

Tot. disbursem’ts.

275,382
Balance, surplus...
—(V. 35, p. 103, 189. 297. 308, 320,
284, 312,340, 399,453, 560.)

0

/Oj 4

39,810

00 j V. 36, p. 195, 221,251,
,

Harrisburg Portsmouth Mount JToy A Lancaster.—Owns

from Dillervillc, Pa., to Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., IS miles; total operated, 54 miles.
The property was leased to the Pennsylvania, Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent, on the stock and
interest on the bonds. Operated as a part of main line of Penn. lill.

—(V. 30, p. 5 0.)
Harrisburg A: Potomac.—Owns from Bowmansdale toShippensburg, Pa., 32 miles; branch to mines, 51*2 miles; total operated, 37*2
miles. Extensions are projected from Jacksonville to Shippeiisburg and
from Bowmansdale to Harrisburg.
Bonds authorized, $1,800,000.
Stock $379,165. C. W. Aid, President, Newville, Pa.
Hartford A: Connecticut Western.—Hartford, Conn., to Rhinocliff N. Y., 108 miles; Miilerton to Conn. State line, 2 miles; total, 110
miles. Foreclosure suit^was begun in 1880 against the former Connect¬
icut West., and the State Treasurer took possession. O11 May 25, 1881,
bondholders re-organized, and stock in new company is issued for
bonds. In March, 1882, t-lie purchase of the Rliinebeek A Connecticut

Railroad

was

made for $800,000 in the stock of this company.

earnings 18S1-82, $304,273; deticit, $15,187, after deducting
$100,000 for extraordinary expenses. (V. 35, p. 602, 736.)

Gross
over

Housatonlc.-Owns from Bridgeport. Conn., to State Line, Mass.,
74 miles; Brookville to Danbury, 6 miles; leased— Berkshire Railroad,

22 miles; West Stoekbridge Railroad, 3 miles; Stoekbridge & Pitts¬
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
.issued in 1845 to pay for laying the road with, heavy iron. The com¬
pany voted to issue $700,000 of the 5 percent bonds to take up $400,000

prior bonds, and to lay steel rails. There are also $200,000 rolling stock
certificates. Operations and earnings for four years past as follows:
Gross
Net
Div. %
Passenger Freight (ton)
Years.
Miles.
Mileage.
Earnings. Earnings. Pref.
Mileage.
127
6,3 40,830
12,741,554 $598,335 $248,420
.

127
127
127

Houston

7,325,680
7,846,'94
8,546,740

East

Ac

West

17,890,190
17,277,336
17,510,670

740,997
754,513

746,328

Texas.—Owns

from

247,283
273,981

253,203
Houston, Tex.,

to Nacogdoches, Tex., 140 miles. (Narrow guage, 3 feet.) It is intended
to build to Marshall. The company has a Texas land grant of 10,240
acres for each mile constructed aud equipped. Bonds issued to the extent
3f $7,000 per mile first mortgage and $5,000 per mile second mort¬
Stock authorized, $10,000,000; issued, $1,500,000.
gage.
Gross
earnings 1881-2, $251,079; net, $143,197; interest on bonds, $56,795.

Tlio

surplus of $86,401, aud




error

discovered in tbese Tables.
Bonds—Princi¬

When

pal. When Due.

Where Payable, and
Whom.
Payable

by

J^tochs—Last
Dividend.

5

F.
J.
J.
J.
J.

A
A
A
A
A

J.

A J.

A.
J.
J.
J.
J.

N.Y., Bk.of No. America.
do

Pliiia., Co.’s Office.
do

do '

Phila., Third Nat. Bk.

1*2
2
7
6
5
7
6
7
7
7
8
8
6
7
7
5
7
4

29,000,000
10,000,000
2,500,000
4,100,000
1,000,000

g.
g.
g.

g.

g.
g.

O

6 g.
5 g.
5 g.

July 10, 1883
July 1, 1913
Jan. 1, 1904
Dec.

Q.-J.

g.

Jan., 1892
Jan., 1892

do

cash from land sales, $50,659,

were

1, 1882

Hartford.

July 1, 1902

Bridgeport A Boston.

Oct. 15, 1883
Aug. 1, 1885

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

A A.
Bridgeport, Ofliee.
A J.
do
do
A O.
do
do
A N. N. Y.. Union Trust Co.
A J.
do
do
A J. N. Y., J. J. Cisco A Son.
A J.
do
do
A J.
do
do
A O.
do
do
M. A N.
do
do
A. A O.
do
do
A. A O.
Philadelphia, Office.
F. A A.
do
do
A. A O.
do
do
do
J. A D.
do
M. A S. N. Y.. 214 Broadway.
J. A J.
do
do
A. A O.
London.
A. A O. London,Morton R.A Co.
J. A D.
do
do

July 1, 1889
April 1, 1910
1898
Jan. 1,

1913
July 1. 1891
July 1. 1891
July 1. 1903
Oct. 1, 1912
May 1, 1915
April 1, 1921
1, 1890
1. 1895
April 1, 1895

Oct.
Feb.

Dec. 1, 1889
Sept. 1, 1883

2, 1883
April 1. 1895
April 1, 1903
Dec. 1, 1905

July

applied to construction. From October, 18S2 to May 1, 1883, gross
’arnings, $173,609 ; net, $104,416. Paul Bremond, President, Houston,
Tex.
(V. 35, p. L89, 339 ; V. 36, p. 510, 731; Y. 37, p. 75.)
Houston
Red River

Ac

Texas

Central.—Owns

from

Houston,

Tex.,

to

City, Tex., 345 miles; branches—Hempstead, Tex., to
Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58 miles; total
operated. 522 miles. Texas Central RR. completed from Ross to Al¬
bany, 177 miles. The company has a land grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
but the lands, as iu the case of other Texas roads, are not on the line
of the road. Mr. Morgan, of the Louisiana Steamship Line, bought a

controlling interest iu the stock, and in February, 1883, the Southern
Pacific syndicate purchased this interest ($4,400,000 of the stock)
with their purchase of the Morgan property. Total stock is $7,726,900.
(See V. 36, p. 212.) The general mortgage of 1881 for $18,500,000 is
made to the Farmers’ Loan A Trust Co. aR trustee. Last report of earn¬
ings on tlie 522 miles gave tlie.flgurcs below. The payments out of net
earnings in 1882 /were: Interest on funded debt, $1,193,255; on
floating debt,' $53,858 ; other payments, $160,499; total, $1,407,613.
Gross Eam’gs.
Net Earn’gs.
1880 (522 miles)
...$3,741,000
$1,733,677
1881 (522 miles)
3,748,655
1,606,782
1882 (522 miles)
3.156,517
1,407,613
—(V. 35, p. 77, 161, 237. 658; V. 36, p. 80, 212; V. 37, p. 200.)
Huntingdon & Broad Top.—Owns from Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles; branches—Slump’s Run, 9 miles; Six Mile
Run, 5 miles; and Sandy Run, 3 miles; total operated, 62 miles.
This road was opened in July, 1856. The capital stock is $1,368,050 com¬
mon and $1,983,r>00 7 per cent pref. stock.
No dividends ever paid on
common stock and none on preferred since 1865, when 3*2 per cent was
paid. Earnings in 1881, $332,653; net, $165,712. In 1882, earnings,
$320,434 ; neL $159,036.
Illinois Central.—Line of Road—The Illinois Central Co.

$
653,620
654,640
(6*2)330.395 (7) 355,810 (6*2)330,395
139,902
124,007
147,598
24,745
$
657,320

140,000

1.497,000
118,805

....

at par.
Preferred stock has prior right to a

7

367,500

1,000

yet due for lands sold, $707,093.
In September, 1882, a syndicate, including Jay Gould, Russell Sage,
and others, bought, about 90,000 shares of common stock from John
R. Duff, of Boston, and in May, 1883, this common stock and a large
amount of preferred were sold to the C. B. A Q. RR. Co. at 45 for the
common and par for the preferred, payable in C. B. & Q. 5 per cent bonds

4

507,200
2,700,000

3.300,000
416,000

500
500

chartered Feb. 16,1817, and road completed to St

700,000

3*s

6,262,000
2,270,000
1,140,000
4,117,000
84,000

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

....

....

8
10

994,000
750,000

1,000

•

$433,000
1,200,000
1,182,550

300,000
300,000

1,000

Joseph in Feb., 1859. Tin* branches were built under different organiza¬
tions. T. e Bridge across the. Missouri River at Kansas City .is owned.
The company had a Congressional land grant and received $3,000,000
in bonds from the State of Missouri, which loan was repaid in cash in Jline.
1881, but litigation followed as to the interest payable outlie State
bonds, the State claiming interest should be paid to it at 6 per cent till
maturity. The U. S. Circuit Court decided the further sum of $ 176,049
to be due the State, and the case is yet pending on appeal.
The land
Bales for two years past were as follows:
1881. 29,836 acres for
$204,107, average .$6 81 per acre; 1882, 15,784 acres for $ 7.030,
average $5 51 per acre. The lands unsold are 35,905 acres, aud amount

Premium on bonds...
Miscellaneous
Lanils A1. gr. bonds.

Cent.

100,000

1,000

Joseph to Atchison, Kans., 19 miles; Palmyra to Quincy, Ill., 13 miles’
total operated, ‘292 miles.

gross eam’gs...
Receipts—
Net earnings

Rate per

820,000
1,180,000

100
500 Ac.
500 Ac.
500 Ac.

.1.

1865
1869
1880
1878
1883
1866
1870
1873
1872
1875
1^81
1854
1857
1865

1,909

Mortgage, sterling

50
500 Ac.
100 Ac.

1874

....

Sterling bonds, (sinking fund £20,000 yearly) —

Total

Outstanding

....

....

127
127
74

Huntingdon if Croud Top—1st mort., gold
2d mortgage, gold

1879.

Amount

$....

....

-

Consolidated mort.. reg
Eonst. Jbiust J West Texas.—1st mortgage, gold
2d mort., land grant ($5,000 per mile)
Houston J Texas Cent.—1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold. Waco A N’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Consol, mort., land grant, Waco A Northwest
Gen mort., gold (for $18,500,000)

Tin* company was

[vol. xxxvn,

l

15
53
54
54
28
110

....

Bonds Kansas City A Cam. RR

3d mortgage

BONDS.

INTEREST OR DIVIDENDS.

Date Size, or
of
Par
Road. Bonds Value.

Miles
of

of column headings, Ac., see notes
first page

AKD

favor by giving immediate notice of any

DESCRIPTION.

For explanation

STOCKS

operates

system embracing 1,909 miles of road and covering a wide territory,
which requires a map to show at all forcibly the strength of its location.
The company lias 110 line of its own connecting the Northern and Iowa
Divisions with Chicago. Main line—Chicago to Cairo, 365 miles; Dunleith to Ccntralia, 341 miles. Branches—Otto to Colfax, Ill., 60 miles;
Buckingham to Tracy, Ill., 10 miles; Kcmnton Junction to Kankakee
Junction, Ill., 42 miles ; Gilman to Springfield, 111 miles. Total owned,
929 miles. Leased—Dubuque to Iowa Falls, 143 miles; Iowa Falls to
Sioux City, 183 miles; Waterloo to Minnesota State Line, 76 miles.
Total leased, 402 miles.
Total operated Dec. 31, 1882, 1,33 > miles. On
Jan. 1,1883, took formal possession of the Chic. St. L. A N. O. RR., to
he known as “Southern Division,” and making 1,909 miles operated
in all. The Chicago St. Louis A Now Orleans extends from New .Orleans,
La., to Cairo, Ill., 549 miles; brandies: Kosciusko Junction, Miss.,
to Kosciusko, Miss., IS miles; Durant to Lexington, Miss., 12 miles;
a

total, 578 miles.
Oku anim ation, Leases, Ac.—This company was chartered in Dccomber, 1850, and organized in March, 1851, and the whole road, 707
miles, opened September, 1856.
The Illinois Central was one of the
first, and lias been one of the most successful, of tlie land grant roads.
The first lands granted were upon the condition that the company
should pay to the State 7 'per cent of gross earnings yearly in lieu of

The Springfield Division was acquired by a lease of the Chicago
Springfield (Gilman Clinton A Springlicl l foreclosed) for 50 years,
but road is practically owned.
The leases of Dubuque A' Sioux City RR.
and Iowa Falls A Sioux City are on different- terms.
(See the names of
those companies.) The company acquired a controlling interest in the
Chicago St. Louis A New Orleans Railroad, to whicli it made largo
advances
From July 1, 1882, leased the Chicago St. Louis & New
Orleans for 400 years, at 4 per cent per annum on stock, and issued the
above 4 per cent leased line stock, exchangeable for tlie Chic. St. L. &
N. O. stock. The Ill. Central owned all but $7,300 of the total stock
of $10,000,000. Fiscal year ends Dec. 31. Annual election held in May.
taxes.
A

Stock and Bonds.—The Illinois Central stock lias been held largely
in England. The bonds of the company proper are very limited. On
the Chicago St. Louis A New Orleans the lessee guarantees the

principal and interest of all the outstanding bonds prior to the 5

per cent bonds, and. by an indorsement on the latter bonds, guar¬
antees the payment of the interest on the same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee.
The consolidated 5 per cent

mortgage bonds of 1951

are

to be issued only for redemption of prior

bonds, and their issue does not increase the

debt, which is limited to

$18,000,000.
Dividends

on

Illinois Central stock since 1870 have been: in 1871,10

percent: in 1872, 10; in 1873, 10; in 1874, 8: in 1875,8; in 1876,
8; in 1877, 4; iu 1878, 6; in 1879. 6; in 1830, 6; in 1881, 7; in 1882,
7 ; in 18S3, 8, and 17 per cent in Chic. St. L. A N. O. stock, exchangeable
for scrip. Prices of the stock yearly since 1870 have been: in 1871,
132® 139*2; in 1872, 119® 140; in 1873. 90® 126*2; in 1874, 90®108*a;
in 1875. 88*2o>106*2; in 1876, 607s£103%; in 1877, 40*2®79; in 1878,
7238587; in 1879, 79*4®100%; in 1880, 99*2® 1273s; in 1881,124®
146*2; in 18*2, 127^4® 150*2; in 1883 to last Saturday, 124®148.
Operations and Finances.—The Illinois Central for many years paid
10 per cent dividends, as the road drained a rich territory, of which it
was the only outlet to Chicago.
But the building of numerous east and
west lines crossing its road cut into its business severely. The company,

”,

.

-V4

-•

*- ''

• •*.

"‘A'

,-r:\

•■

•

Subscribers will

confer a great favor

explanation of column
first page

on

headings, &c., see notes

Miles
of

of tables.

Central—(Continued) —

Illinois

& N. O.,

do
do
do
do
do
do

do
do
do
do
do
do

do

M.

1st

*

mort., (Miss. Cent.)

cons.M., gld.

—

do

2d mort.,
1st mort
2d mort

Date
of
Bonds

Size or

par
Value.

Outstanding

1877
1878
1856
1860
1854
1865
1877
1877
1881
1875

$1,000

$1,600,000

1,000
1,000
1,000

910,000

1879
1879
IS 79
1881
1879
1881
1876
1881
1881

100 Ac.
500 Ac.

111
101
206
224
185
185
507
507
All.
147
600
202

Sd. RR..
1st M. (N. O.J.A.G, N.)
2d

Bonds, coup. ($2,000,000) M. on Cli. &
Bonds, reg., mortgage on Middle Div
Cliic. St. Louis

by giving Immediate notice of any error

V

(for$18,000,000)

gold
Bloomington <£• jres(.—Stock

Illinois Midland— 1st mortgage,

Indiana
1st mort.,pref., coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible

Amount

1,000
1,000
1,000
.

Indianapolis Decatur & Springfield—1st mort., gold]
2d mortgage, gold
i
Ind. <£• Ecdnsv.—1st M., gold (for $3,3S0,000), $ A £
Indiana Illinois <£• Iowa—Stock
i
Indianapolis <£• St Louis—1st mort., in 3 scries
New mortgage for $2,0u0,000..
Indianapolis & Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Iowa Falls & Sioux Citg—Stock.
1st mortgage. April 1, ’6;)
Itliaca Auburn & lFes(.—1st mort.(for
2d mortgage, (income for 3 years)

100 Ac.
1,000
500 Ac.

1,000
1,000

1869

1877

-

-

•

in 1883 and following years:

INCOME ACCOUNT.

Receipts—

$

4,207',763

4,631,840

8,586.397
$
4,428,231

112,000
165,551

161,105

4,906,746
181,825

286,224

145,732

4,909,391
$

5,234,303

703,702

4,875,560
$
735,696

672,600

668,000

531,000

113,461

4,423,545

..

Disbursements—

$

Rent’lspd.on fa.lines

615,830
669,484

Interest

ou

debt

$

395,011

444,125

Dividends
Construction in Illinois during year...

1,740,000

1,740,000

465,352
2,030,000

386,016

842,323

925,330

Total disbursem’ts

3,806,341
617,204

4,407,750
501,641

4,824,428
51,132

Balance, surplus

$

8,905,312

8,322.127

102,321

Total net income

1832.

1881.
$

7,249,183

Total gross earn’gs..

Net earnings
Interest
Miscellaneous

1880.

....

$

BOO.

(V. 35, n. 21; V. 36, p. 471;

V, 37, p.

151.)

Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to

Springfield,

Ohio, 142 miles. Leased, Indianapolis to Decatur, 153 miles; Pekin
to Peoria. 9 miles; Springfield to Sandusky, O., 130 miles; Cary, O., to
Findlay, O., 16 miles; Springfield to Columbus, 45 miles. Total operated
696 miles. This was a consolidation in March, 1881, of the Ind. B. A
W. and the Ohio Ind. A Pacific. The Cincinnati Sandusky A Cleveland
aud branch was leased in April, 1881; but of this, 24 miles (Springfield,
O., to Dayton) is leased to Cincinnati A Springfield.
In Decem¬
ber, 1881, "leased the Indianapolis DcCatur A Springfield road, guar¬
anteeing $200,000 per year. The former Indianapolis Bloomington A
Western Company defaulted Oet. 1, 1874, and a Receiver was appointed
Dec. 1, 1S74. The road was sold in foreclosure Oct. 30, 1878, and the
company reorganized.
Interest is on the first mort. bonds 3 per cent per
three years, 4 per cent for the succeeding two years,

annum for the first
5 per cent for the suc¬
ceeding three years, and then 6 per cent until maturity. The second
mortgage bonds bear 3 per cent .per annum interest for the first three
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
ceeding three years, and 6 per cent thereafter until maturity. The
income bonds take such interest from July 1, 1879, not exceeding 6 per
cent per annum, as the net earnings may sufiiee to pay.
$830,000 stock
ecrip was issued entitled to a dividend of 7 per cent per annum, after a
dividend of 8 per cent on the common stock. After the payment of a 7
per cent dividend, the stock scrip is convertible into common stock.
The annual report for 1882 was in V. 36, p. 673.
The report said
the completion of its newlline from Indianapolis to Springfield, O.,
connecting the lines west of Indianapolis with the leased lines in Ohio,
“ While the business
was. prevented until nearly the close of the year.
on
all other divisions shows a satisfactory increase, the earnings
of the Indianapolis Decatur A Springfield division fell oil’ consider¬
ably from the earnings reported by that company for the previous year.
During the first half of the year this lease proved a considerable loss,
but in the last six months the earnings largely increased, so that at the
end of the year the net deficit from the lease amounted to $52,102.”

operating expenses there are included
operating expenses very large extraor¬
dinary expenditures ($257,000) incurred in completing the plans
adopted and carried forward in 1881 for the general improvement of

*

*

*

in the

“

In addition to ordinary

subjoined statements of

the road and equipment.”
Income account in 1881 and

1882 was as follows:
1881.

Miles

operated Dec. 31

Receipts—
Gross earnings
Net earnings




401
$
1,826,066
691,192

g.

1,380,000

A J. N. Y.,

Jan.

Broadway.

1898

1.

Aug. 1, 1921
July 1, 1886
Oct. 1, 1890
Nov. 1, 1884
Feb. 1, 1886
Nov. 1, 1897
Dec. 1, 1907
June 15, 1951
Jan. 1, 1905

do
do

do
do
do
do
do
do

Corbin Bank’g Co
do
do
do
do
do

A O.

do
do
do
do

Jan. 1, 1900
April 1, 1909

April 1, 1919
July 1, 1921
J. A J.
April 1, 1909
June 1, 1921
do
J. A D.
A. A O. N. Y.f First Nat. Bank. April 1, 1906
July 1, 1911
J. A J. N. Y„ 67 Wall Street.
A. A O. London and New York. April 1, 1911
A J.
A J.

v

*>

N.

Various

7

2,000.000

N. Y., 214
do
do
do
do
do
do
do
do

A J.
A A.
A J.
A 0.
A N.
A A.
A N.
A D.
A D.
A J.

-

Dividend.

July 1, 1919

Y., Union Trust Co.

■*'

(?)

a,

©

...

o

1,700,000
1,450,000
4,623,500

7
6

2,947,500
291,000
498,090

7

F. A A. N. YT., Farm. L. A T. Co.
do
do
M. A N.
Boston.
Q.-M.
A. A O. N. Y., Nat. Park Bank.
J. A D. N.Y., Hanover Nat. Bk.
do
do
J. A J.

134
7
7

1882.

Disbursements—
Rentals paid
Interest ou debt

$253,276

.

.»

Total disbursements

sur.

1908
May 1, 1900
Sept. 1, 1883
Oct. 1. 1917

Dec., 1906
1. 1907

Jau.

1883.

$575,770

30,306

327,738
28,456

479,701
211,491

931,964
def. 43,311

196,119

Miscellaneous

Balance

Feb.’‘i,’*

-(V. 36, p. 139, 623, 673.)

Indianapolis Decatur Sc

Spring-Held.—Owns from Decatur,
successor to the
1875. In Dec.,
percent of gross

Ill., to Indianapolis, Ind.. 153 miles. This company is
Indiana & Ill. Cent. RR, sold in foreclosure April 26,
1881, was leased to Ind. Bloom. A W. for 50 years, at 30
earnings, but with a guarantee of $200,000 per year. A

new adjustment

proposed in April, 1881 (see V. 32, p. 501, V. 33, p. 303), was partly
carried out, and the above 2d mortg. bonds issued, and $2,850,000 of 7
But some hitch took place, and in Nov., 1882,
per cent pref. stock.
the trustees of the old 2d mortgage took possession of the road, subject
to the lease to I. B. A W.
Common stock is $500,000. Gross earnings
in 1879-80, $339,850; net, $142,684. In 1880-81 gross, $191,487 ; net,
$159,178. (V. 34, p. 62,231; V. 35. p. 373, 575, 637, 658; Y. 36, p„
590.)

Indianapolis Sc Evansville,—In progress Indianapolis to Evans¬
Bonds issued in London May, 1881. R. G. Hervey, President,
Evansville, Ind. In February, 1882, an .attachment for rails sold was
484,750
issued, and in 1883 foreclosure was sought. (V. 36, p. 427.)
2,030,000
Indiana Illinois Sc Iowa.—In progress, and in April, 1883, in
1,271,452 operation from Momence, Ill., to N. Judson, Ind., 110 miles. It is owned
by a syndicate, and neither stock nor bonds have been marketed. For
5,078,429 63 miles, Streator to Momence, $1,386,000 bonds wore to be given. J.
155,874 D. Harvey, President*, Chicago, Ill. (VT. 35, p. 373, 546, 575.)
761,227

575, 637; V. 36, p. 195, 298,

n. Conklin, Receiver.

D.

1.100.000

g.
g.
g.

Stocks—Last

Whom.

$

310, 560.)
Illinois Midland.—Operates from Terre Haute, Ind., to Peoria,
Ill., 173 miles, of which 148 miles are owned and 28 miles leased
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta A Decatur,
Paris A Decatur and Paris & Terre Haute. Receiver appointed Sept.
11, 1875. In April, 18S3, floating debt $600,000. and receiver’s certif¬
icates $700,000.
Tn 1880-81, gross receipts, $385,615;J expenses,
$395,391; in 1881-82, gross, $290,229; net, $12,519. Stock, $2,009,-

—(V. 35, p. 374, 487,

1,000,000

1,000

line from Cairo to New
No report of
Illinois Central has always
but in 1883 its opera¬
tions are included in the 111. Cent. The Ill. Central owned $9,902,700
of the $10,009,000 stock, of which $4,422,700 were pledged against the
leased line 4 per cent stock, and the balance of $5,570,oo » was owned
absolutely by the Illinois Central, and in June, 1883, a distribution of
17 per cent in this stock was made to Illinois Central stockholders.
The profits of the whole line, as against the increased liabilities, will be

6
7
5
6

1,800,000

500 Ac.

100 Ac.

6
6
4 to 6

1,500,000
3,000,000

-

100
500 Ac.

J.
A.
J.
I.

72,300

4,565.000

1,000

1883
1867
1S70

to extend its business, got possession of tlio
Orleans, and invested largely in improving the property.
the Southern line has been made, and the
declined to publish any report of its net income;

$

3.500,000

500 Ac.
500

1869

$500.000)

1879.

80,000
11,275,000
4,175,000
10,000,800
1,000,<>00

....

■

7
4 to 6

200,000

747,000
1,400,000

812781
342
202
140
152
152

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

pal,When Due.

and by

Where Payable,

Pay’Die

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

1,483,000

500 Ac.
100 Ac.

When

Rate per
Cent.

2,815,000

100

202
202

Consol, income bonds for $8,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division

seen

discovered In these Tables.
fionds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

41

STOCKS AND BONDS.

RAILROAD

1883.]

October,

1882.

696
$
2,740,227
888,653

ville.

Indianapolis Sc St. Louis.—Owns from

Indianapolis to Terre

Haute, Ind., 72 miles; leased line, St. L. Al. A T. II. 189 miles, and
branches, 6 miles; total operated, 267 miles. The old lease of the St. L.

guaranteed by three other companies, and suit lias been
pending as to the rental. The company was formerly controlled by
the Pennsylvania Company, which owned the stcek of $600,000, in
A. A T. II. was

Cleveland Col. Cin. A Ind. Interest had not been
the second mortgage and equipment bonds since April, 1878,
and on July 28, 1882, the road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a
new company organized September, 1882, with J. H.
Devereux as
President. A new lease was made of the St. Louis Alton A Terre nauto

connection with the

paid

on

by which this company and the Cleveland Columbus Cincinnati A In¬
dianapolis are jointly liable for tin* rent of $150,000 per year as a mini¬
Of the first mortgage bonds series “A” are J. A J.; series “B,”
mum.
M. A S.; series “C,” M. A N.
There has been a large deficit on this company’s operations after de¬
ducting the rentals [paid, and in addition to the actual deficit of
$111,000 on operations in 1882 there were rentals of $461,814: inter
est, $227,500. Tin* road is only incidentally of advantage to its own
ers as a route to St. Louis.

Operations and earnings for four years

past were :

Gross
Net
Earnings. Earnings.
102,630,114 $1,493,876 $191,149
118.917,237
2,009,922
608,413
196,029,304
2,048,651
187,670
21,008,318 202,985,772
2,086.776 df.111.608
-(V. 35, p. 103, 160, 211, 265, 297, 347, 373; V. 36, p. 80, 427.)
Indianapolis Sc Vincennes,—Owns from Indianapolis, Ind.,
to Vincennes, Ind., 117 miles.
The Pennsylvania Company owns a
eontrollinginterest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000;
the debt due. to Pennsylvania Co. is $674,092.
In 1880 the net earn
ings were $60,506; in 1881, $10,260; in 1882, $19,350.
Annual inter¬
Years.

Miles.
266
266
266
266

Passongei

Freight (ton)

Mileage.
12,209,092
15,285,443
19.479.278

Mileage.

debt amounts to $206,000.
Falls Sc Sioux City.—Owns from Iowa Falls. Ia., to
Sioux City, la., 184 miles.
This road was opened in 1870 and is
leased to the Illinois Central for 20 years from Oct. 1, 1867, at a rental
est

,:r

on

Iowa

The Illinois Central has an option
same rental. This company also
receives a drawback of 10 per ct. on business to and from their line
over the Dub. A S. City RR., and receives rental for 26 miles of its road
used l*v the Sioux City A St. Paul Co. In the year ending March 31,
1883, the total rental was $307,243; receipts from sales of lands,
$530,000; the total income was $901,276, and all expenses, including
dividends, $524,824.
The contingent fund invested is $1,150,000.
Lands
remaining unsold, 60,302 acres.
Horace Williams is Presi¬
dent, Clinton, Ia. (V. 34, p. 11*4, 662 ; V. 35, p. 347, V. 36. p. 689.)
Itliaca Auburn Sc Western.—Owns from Freeville to Auburn,
N. Y., 3812 miles; track to Cortland, 11 miles, used. The New York
A Oswego Midland RR., Western Extension, was sold in foreclosure,
and this company organized Sept. 20, 1876. as the successor. The
stock is $975,800.
On April 1, 1883, was leased to Southern Central
of New York for the term of its charter, at a rental of 3313 per cent of
gross earnings. In 1881-82 gross earnings were $26,842.
H. R. Low-

;;'

of 36 per cent of the/gross earnings.
of continuing the lease after 1887 at

President, N. Y. City.

(V 36, p. 479.)

iftpwi

43

RAILROAD

Subscribers will confer

DESCRIPTION.
For

a

AND

BONDS,

f?OL. XXXVII.

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

explanation of column headings, &c.,
on

STOCKS

first page of tables.

Miles

see notes

Jacksonville Southeast.—1st
mortgage
Jet Terson (Pa.)—1st <fc 2d morts.
(Hawley Branch)..
1st mortgage (Susquehanna to
Carbondale)
Jeffersonville Madison <£ Indianapolis—Stock
Jeff., Mad. & Ind., 1st M. (s. f. $15,00o per
year),
do
do
2d mort. ($100,000 in 1882)..
Jersey City <£• Bergen—Int mortgage
Jersey Shore Pine Creek d- buff— 1st mort,, guar
Joliet c£ Northern Indiana—1st
mort., guar by M. C.
Junction (Philadelphia).—1st
mortgage
2d mortgage
Junction & Breakwater—Funded debt (Del. St.
loan)
2d mortgage
Kansas Central— 1st
mortgage (for $3,200,000)
Kansas City Fort Scott <& (Jalf—
Stock, common

Stock, preferred

1st mortgage, land,
grant, sink fund
Mortgage on branches
do
do
Kansas City Lawrence & Southern Kansas— 1 st
mort

Southern Kansas it Western—1st
mortgage
Sumner County Hit.—1st mortgage
Ottawa it Burlington lilt.—1st mortg., guar
Kansas City Springfield <£•
Memphis—1st mort

54
9

38
224
159
159
6
....

44
3*6
3*6
45
....

168
389
389
159
196
26
175
149
18
42

Kentucky Central—Stock
3d mortgage

Maysville Division mortgage
General
mortgage

Date Size, or
of
Par
Road. Bonds Value.

Keokuk <&Dcs Moines— 1st M.,
int.guar. C. It. I. it P.

Amount

of

1880
1867
1869

$1,000
1,000

$300,000

1.000
100

2,000,(00
2,000,(00

....

1866
1870

300 COO

1,000
1,000

....

1883
1877
1862
1865
I860
1876
1881

Outstanding

2,660,000
2,000,000
375,000

....

3,500.000
800,000
425,000
300.000

....

1,000
1,000

1,000

400,000

....

250.000

....

1.000

1,000

1,34 8,000
4,618,000
2,750,000
2,560,400
2.374,000

1.000
500 Sec.

2,940,000

1,000

1,769,000

1.000
1.000

248.000
500,000
7,000,000

....

..

.

.

....

1879
1880
1882
1879
1880
1880
1880
1883

1,000

281
150
80

....

....

1855

1,000

150
162

188 r
1878

100 See.

212,000

1,000

5,584,800
220,000
400.000

1,000

6,036,000
2,750,000

INTEREST OR DIVIDENDS.
Rate per

Cent.

6
7
7

1*2
7
7
7

Bonds—Princi"
pal,When Due*
Stocks—Last

When

Where Payable, and by
Payable
Whom.

Dividend.

J. & J. .N. Y., Am. Ex. Nat. Bk
J. & J
Honesdale Nat. Bank.
J. Sz J. N. Y., by Erie Railroad.
Q.-.F. N. Y., Farm. L. & T. Co.
A. Sc 0.
cto
do
J. & J.
do
do
J. & J.

July 1, 19ia
1887 & 1889
Jan. 1, 1889

May, 1881

Oet.

1, 1900
July i; 1910
Jan. 1, 1903
‘

....

7

4Lj
6
4
4
6
3
4
7
7
5
5 to 6
7
7
6
6
1
7
7
6
5

J.
J.
A
J.
F.
A.
F.
F.
,).
M.
F.
A.
J.
M.

Sc
it
Sc
Sc
&
Sc
Sc
&
<fc
Sc
Sc
Sc
A:
cV

A. it
M. A

M. it
J. it
J.

1933

J. N. Y.. Farm. L. & T. Co.
J. Phila., 233 So. 4th St
O.
do
do
J. Lewes, Del., Treasurer.
A.
do
do
O. Office, 195
Broadway.
A.
Boston.
A.
do
J. Bost., Nat. Webster Bk.
S.
do
do
A,
do
do
O. Boston, Nat. Union Bk.
J.
do
do
S
do
do
O.
N.
Boston. Oltice.
N.
Cincinnati.
D. N. Y., Bank of America.

July 10, 1907
July 1. 1912
April 1, 1900
1890

Feb., 1896
April 1, 1911
Feb. 15, 1883
Aug. 15, 1883
Julie 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Apr. 1, 3 909
Jan. 1, 1910
Sept. 1, 1910
April 1, 1909
May 1, 1923.

May, 1881
June, 1885

it J. N. Y., Morton. B. it Co.
Y.,Farm. L. it T. Co.

July 1, 1911

A. it O. N.

Oet.

1, 1923

Jacksonville Southeastern.—Owns from Jacksonville to Litch¬
INCOME ACCOUNT.
field, lii., 54 miles. This was the Jacksonville Northwest.& Southeast.
RR., projected from Jacksonville to Mt. Vernon, 125
Receipts—
1880.
1881.
miles,
Bonds
1882.
were issued at $20,000 per
mile, amounting to $000,000. In 1870 the Net earnings (ine. narrow gauge).
$525,915
$663,901 '
$750,310
Interest,
<te
company was reorganized by the bondholders under this name. In 1880
58,215
25,966
15,051
the road was extended 23 miles and bonds
issued. Stock $1,000,000. In
Total
year ending June 30, 1882, gross
income
$584,130
earnings,
$689,867
$117,117; net, $23,924.
$765,370
W. 8. Hook, President,
Disburstinen ts—
Jacksonville, Ill. (V. 35, p. 025.)
Interest on K. C. F. S.<t G. bon Is.
Jefferson.—Owns from Susquehanna Depot, Pa.,
$234,350
$200,050
$182,856
to Carbondale, Pa.» Interest on leased line’s bonds...
37 miles; branch, Hawley,
36,936
125.536
Pa., to Honesdale, Pa., 8 miles; total, 45 Dividends
162,629
miles. Leased in
219,837
312,700
perpetuity to the Erie Railway for $140,000 per Sinking fund
312,872
annum, mid now operated
20,330
by the N. Y, Lake Erie it West. Capital Miscellaneous
26,830
11,360
stock, $2,090,050. Edward M. Clymer, President,
5,241
8,980
Reading, Pa.
Total disbursements
Jeffbrgonville Madison Sc
$502,483
$663,866
Indianapolis.—Owns from Louis¬
$694,167
ville, Ky., to Indianapolis, Iml., 110 miles;
Balance, surplus
$81,647
$26,001
$71,203
Columbus, Ind., 40 miles; Columbus, Ind., tobranches—Madison, Ind., to —(V. 35, p. 457 ; V. 30,
Shelbyville, Ind., 24
p. 312, 427, 452; V. 37, p. 48, 342.)
Jeffersonville, Iml., to New Albany, Ind., 0 miles; Shelby & Rush miles;
RR.,
18 miles; Cambridge Extension, 20
Kansas City Lawrence Sc Southern
miles; total operated, 224 miles.
Kansas.—Owns from
The road was leased to
Pennsylvania Company from 1873, with a guar¬ Lawrence, Kan., to Coffey ville (Indian Ter. Line), 144 miles: branches—
antee of interest on bonds and 7
Ottawa
Junction to Olathe. 32 miles; Olatlie to
per cent on stock. Lease was modified
Waseca, 14 miles;
from January 1,1880, the lessees to
pay over all the net earnings to Clierryvale to Harper Kan., 149 miles ; Wellington, Kan., to Huimewell,
the J. M. Sc I. Co. In 1881 the Penn.
Kan.,
18
miles;
leased,
Ottawa
&
Burlington
RR.,
42
miles ; total oper¬
Company purchased $1,939,000 of ated,
the stock. Dividends were at the rate
398 miles. The Kansas City Lawrence & Southern
of 7 per cent per annum till
Kansas was
May, 1880, and reduced afterward. In 1862 interest on bonds
formerly the Leav. Law. <t Gal. RR., which was sold in foreclosure
was
Aug.
9, 1878, and purchased by bondholders, and the
$329,000 and sinking fund $100,000, leaving a deficit for the
present company organ¬
year of ized
$74,018. Operating expenses have increased
May,
1879.
In
November,
188Q,
the
consolidation of the three
largely since 1880. Earn¬ roads above named was
ings for four years past were as follows:
made, and the consolidated stock of $3,759,000
was purchased in the interest of the
Atchison Top. Sc S. Fe with the 5
Years.
Miles
Gross Earn.
Net Earn. Div. p. c. per cent bonds of that
1879
company (through its auxiliary corporation, tho
186
$1,246,333
Kansas City Topeka Sc Western),
7
$492,863
1880
according to the terms of the circular
186
1,388,565
541,538
6^ published in the Chronicle of Nov. 27, 1880 (V. 31,
1881
186
p.559). The present
1,462,802
365,043
3
bonds carry 6 per cent after 1863. In 1882
1882
201
gross earnings were $1,336,1,545,198
nil.
356,807
704; net earnings, $612,191; total net income,
$670,760; payments,
Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point.. including interest and 6 per cent dividends, +'626,677; surplus, $44,082.
—(V.
N. J., 0 miles.. In 1881 gross earnings,
36, p. 399, 559; V. 37, p. 23, 99, 127, 259,.376.)
$200,798 ; net, $80,511; in 1882
gross, $283,884; net, $80,105. Stock, $250,000. Dividends 10
per
cent,
Kansas City Springfield Sc
m 1882.
William Keeney, President,
Memphis.—This organization em¬
Jersey City.
braces two corporations under the laws of
Missouri and of Arkansas to
build
a
road from Springfield, Mo., to
Jersey Shore Pine Creek Sc Buffalo.—From Catawissa Junc¬
Memphis,
Teim., 281 miles.
tion to Stokesdale on the Corning C. it A.
Road, 75 miles. It is a con¬ Road finished October, 1883. The Kansas City Ft. Scott <t Gulf will
nection between Philadelphia & Reading lines and
N. Y. Central, and appropriate 15 per cent of gross earnings on business to or from
the
bouds are guaranteed by these companies and the
Corning C. it A., new road to pay interest on the bonds, if needed.
Each bolder of 50
on the condition that guarantors shall
advance money for interest if shares Kansas City Ft. Scott Sc Gulf stock bad the
right to take $1,500
needed and take 2d moitgaue bonds for such
advances. Stock and in stock of the new Missouri corporation for $1,500 in cash, with $2,000"
bonds mostly held by Mr. W. II. Vanderbilt and no
of
tlie
bonds
for
$500
in
information. See V.
cash—making $3,500 for $2,000 cash. (V. 35,
36, p. 54, 560, 675.
p. 71, 297, 313, 546, 762, 763; V. 36, p. 453; V.
37, p. 424.)
Joliet Sc Northern Indiana.—Owns from
Joliet, Ill., to Lake
Kentucky
Central.—Owns
from
Covington, Ky., to Lexington,
Station, Iml., 45 miles. Operated as part of the
Michigan Central Ky., 100 miles, and Paris, Ky., to Maysville, Ky., 50
mainline. Road opened in 1854 and leased to the
miles; total
Mieh. Cent. Above operated, 150 miles. This was
issue of bonds definitely guaranteed was
formerly the Covington Sc Lex. RR.. which
given as a compromise in was foreclosed in 1859. In 1875
the
present company was formed, and
place of old 8 per cent bonds. Stock ($300,000) carries
dividends of 6 took possession May 1, 1875. The Maysv. Sc Lex.
RR. was taken Nov.
per cent per annum.
17, 1876. In June, 1881, a majority of the stock was
purchased by Mr.
Junction (Philadelphia).—Owns from
C.
P.
Huntington
of
the
Belmont, Pa., to Gray’s
Chesapeake it Ohio road, and an extension
Ferry, Pa., about 4 miles it connects various lines
from Faris to Livingston,
Ky., 70 miles, will be completed in 1883.
delphia. Capital stock. $250,000. Net earnings in coming into Phila¬ Enough of the general mortg. of 1881 is
1881. $69.956; in
reserved to retire the prior
1882, $124,920. Large dividends are paid
bonds.
The fiscal year now ends Dec. 31.
Annual report for 1882
according to the receipts.
in Chronicle. V. 36. p. 531, stated that
this company had leased of the
Junction Sc Breakwater.—Owns from
Louisv.
Harrington
to
Sc
Nashv.
RR.
Lewes.
its Richmond branch for 99
Del..
40 miles; branch to Rehobotli. 5 miles; total
years from Jan 1,
operated. 45 miles. In 1883, for $24,000 per annum, with a right to
1883 voted to consolidate with Breakwater &
purchase at any time for
Frankfort!'and
tin* Worces¬
$400,010.
The
company still has unsold $561,000 of the consolidated
ter railroads. Gross earnings, 1881,
$83,693; net, $30,924. Gross in 1*82, bon.ls. The fixed charges of the
company will now be $429,160.
To
ent, New York City. (V. 31, p. 625.)$306,000. N. L. McCTcady, Presi- pay this, it is estimated, will require $1,000,( 00 of gross earniugs.
Opera:ions and earnings for two years past have been:
Kansas
.anHas tenirai.-uwns
Central.—Owns nom
from ccavcmvortn
Leavenworth to
to Miltonvale, 168
INCOME ACCOUNT.
miles,
^s.
Sold under foreclosure of first
mortgage April 14, 1879. ReorReceipts—
ized April, 1879. Gross
1881.
ganize
1882.
earnings in 1 882, $169,554 ; net. $5,864 ; Total gross earnings
deficit
eit after payment of interest, $70,575.
+705,127
$724,363
Stock, $1,34-,000. Uninn Net earnings
Pacific holds $1,313,400 of the stock and
$214,472
$309,273
Disbursements—
$1,162,000 bouds, Sidney
Dillon, President.
Rentals paid
$28,000
$28,000
Kansas City Fort Scott Sc
Interest on debt
,

‘

f 112,864; net, $51,119. Stock is

..

...

...

Gulf.—Mileage is as follows:
Main line—Kansas Cit y to Baxter
Springs, 160 miles;
City to Cherry\ alio. 50 miles; Arcadia to Coal Mines. 2 branches—Weir
miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon
Centre
and Rich Hill, 28 miles ; Fort Scott Junction
to Springfield, 100; Coalvale to Cherokee, 26. Total operated,
Dec. 31. 1882, 387 miles.
This company was organized
April 1, 1879. as successor to the
Missouri River Fort Scott & Gulf, which made
default October 8.
1873, and was sold in foreclosure February
4,1879. The first mort¬
gage bondholders of the old road took 80. per cent in
the new mort¬
gage bonds, and for all other claims stock was issued.
The branches
nave been liuilt mainly
by this company and bonds are guaranteed.
The annual repoit for 1882 was in V.
36. p. 452. Operations and earn¬
ings for three years past have been as follows
18SO.
1881.
1882.
Miles operat’d (inc. narr’w gauge)
285
365
389
Total gross earnings
$1.212,364
$1,503,215
$1,703,199
Total operating expenses
680,444
Net

earnings




$531,923

830,451

1,003,625

$672,761

$699,574

Taxes
I

..

>ividends...’
.

Miscellaneous

...

...

Total disbursements

Balance surplus
(V. 36, p. 252, 534; V. 37, p. 23.)

...

17,732

130,630
20,412

73,252
23,885
$213,744
$728

$179,042

$130,231

Keokuk Sc Be* Moines.—Owns from
Keokuk, la., to Dos Moines
Ta.. 162 miles. This was a
reorganization, Jan. 1, 1874, of tlie De»
Moines Valley Eastern l)iv., sold in
foreclosure October 17, 1873.
The property was leased for 45
years from Oct. 1, 1878, to the Chieago
Rock Island Sc Pac. RR. on the terms
following: that the lessee pay 25 per
cent of the gross earnings to this
company, but guarantee the interest
(no( ti>»* principal) on the present bonds.
The stock is $1,524,600 of 8
per rent preferred and $2,600,400 of
common, a majority of which is
held by tlie lessee. In the
year 1880-81 grosR earnings were $660,101,.
and rental, at 25 per
ceut, $165,025, leaving $27,525 surplus over
interest A dividend of 1% per cent on
preferred stock was paid Decem¬

ber, 1881.

(V. 35, p. 737.)

KAILKOAD

October, 1883.1
Subscribers will confer

a

STOCKS

AKD

BONDS

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

DESCRIPTION.
For

explanation of column Leadings, Ac.,
on

first page

of tables.

Miles

Date

of

of

see notes

62
62

2d mortgage, gold
Income mort., not cumulati

Lake Erie <£• Western—Stoc k
1st mortgage, gold
Income bonds convertible (not cumulative)

386
165

Sandusky Extension, 1st mortgage

21
21
200
200
50

do

income bonds
mort., gold
do
do
iucome M. eon. (uon-cumul.)
Lake Ontario Southenn— 1st mortgage, gold
Lake Shored: Michigan Southern—Stock
1,330
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
861
do
do
do
861
registered
Consol. 2d mort.,do. (for$25,000,000) coup.A reg.l
861
Lake Sliore dividend bonds
1st mortgage, sinking fund, M. S. A N. I
451
3d mortgage (C., P. & A. RR.) registered bonds..
95
1st mortgage (C. A Tol. RR.) sinking fund
162
2d mortgage
do
162
Buffalo A State line, mortgage bonds
88
Buffalo A Erie, mortgage bonds
88
Det. Monroe A Tol., 1st mort., coup., guar
62
Kalamazoo & White Pigeon, 1st mortgage
4
Schoolcraft A Three Rivers. 1st mortgage
12
Kalamazoo A Schoolcraft, 1st mortgage
13

Lafayette Bloom. & Muncie, 1st
-

Outstanding

$....
1,000

1882
1882

500 Ac.
•

1879
1879
1880
1880
1879
1879
1880

•

•

1870
1870
1873
1869
1855
1867
1855
1866
1866
1868
1876
1869
1867
1867

•

.

«

.

m

m

m

m

1882.

$1,503,523

1,140,989

1,304,389

$283,024

$199,134

13,091

9,645

$269,932

$189,489

$278,520

Net income
and rentals—
Interest on bonds
Interest 011 floating debt
Construction of new work

92,551

$278,520
12,133
3 30,547

20,000

43,534

$104,801

$161,734

13,733

Additional equipment
Total

BALANCE SHEET JULY 1.

Liabilities—

1882.

Capital stock
Funded debt
Interest unpaid—not due
Bills payable
Vouchers and accomus
Other liabilities

U. 8. Government Post Office Department
United States Express Company
Accounts receivable
Due from agents and companies
Materials and supplies

$15,961,134

$16,194,226

$14,715,557

$14,715,55-7

929,536
5,993
2,000
2,788

1,034,946
5,993
2,006

45,7 L 5

26,887
27,813
31,623
344,478

Cash on hand
Debit balance

129,285
61,233
69,233

Total

-(V. 35, p. 103, 454; V. 37,
Lake Ontario

p.

266, 399, 421.)

83,216
92,841
312,288
138,879

4,927

$16,194,226

Southern.—Owns from Sodus

Point. N. Y., to
company was a consolidation. Dec. 2,
and the Geneva Hornellsville A Pine Creek

Stanley, N. Y., 31 miles. This

1879, of the Ontario South

railroads. Stock, $940,475.
33, p. 412.)

Gross earnings in 1880-81, $31,088'.

(V.

5

8,706,000

New York.

Stocks—Last
Dividend.

April 1, 1923
April 1, 1923
1, 1922

J. N.Y., Po st,Martin A Co. Jan.

Jan’arv

Jan.

924,000
400,000
100,000
100,000

M. A N. N.

Yearly.

Y., Metropolitan Bk.
do

do

A. A O. N.

Q.—F.

Y., Union Trust Co.
N.Y.,Grand Cent.Office.
do

do

1, 1912

J.

A D.

A.

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

A
A
A
A
A
A
A
A

May 1, 1899

July 1, 1905
Nov.

Dec.

A. A O.
M. A N.
A. A O.

J.

Aug.i5.i919
Aug. 15, 1899
Aug. 1, 1919
Aug. 1, 1920
May 1, 1919

Coupons

J.
O. ^
S.
O.
A.
J.
J.
J. J

are

1.

1883

Aug. 1. 1883
July 1, 1900
July 1, 1900

Q.-J.

7
7
7
7
7
7
7
7
7
7
8
8

2,834,000

F. A A. N. Y., Metropolitan Bk.
August.
do
do
F. A A.
do
do

F. A A.
J. A J.

{ ?

849,000
300,000

Stocks

Whom.

paid by

Treasur’r at Gr’nd
Central Depot, N.
Y., and registered
interest by Union
Trust Company.
**

1. 1903

April 1, 1899
May 1, 1885
Oct.

1, 1892

July 1, 1885
April 1, 1886
Sept. 1, 1886
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890

July 1, 1887
July 1, 1887

.

Bonds.—The guaranteed stock of $533,500 carries 10 per
paid the following dividends
in 1873,4; in 1871, 3^; in
1875,2; in 1876. 3*4; in 1877, 2; in 1878, 4; in 1879, 6%; in 1880,
1881, 1882 and 1883, 8 per cent each year. The range in prices of stock
since 1870 has been: In 1871, 85*2® 116*4;
1872, 83*2 ®98 *4; 1873,
I 57j4«97:U: 1874, 07*8®8Jr,s; 1875, 51*4®80*8':
1876, 4S3t©68Ba ;
I 1877, 45®73-^;
1878, 5578*71*k: 1879, 67©Io8; 1880,
j 1881, 112S8«'135:U : 1882, 98 £ 120*8 : in 1883 to last Saturday, 923*©
1147s. The first consolidated mortgage bonds are redeemed each year
by $250,066 contributed to the sinking fund. The above bonds of all
classes outstanding are given less the amounts held in the
sinking
funds, which amounted to $3,000,600 Dec. 31,1882, of which $2,700,000
Avere first consolidated bonds.
Operations, Finances, Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The roa l is
greatly
dependent on through traffic, or traffic from competitive points, and is
therefore peculiarly assailable by any cutting of rates on trunk line
business. In 1881 the average gross receipts per ton per mile on all
freight fell to'617 of a cent and the protit per ton per mile to *263 of a
cent, and on the improvement in 188a the receipts were only-628 of a
cent and profit -2i5 of a cent—so sharp is the competition between
Buffalo and Chicago. In 1882, 140,500 shares pref. stocks and
124,000
shares of common stock of the N. Y.
Chicago A 8t. Louis RR. (a con¬
trolling interest) were purchased and $6,500,000 of Lake S. A Mich.
8. 2d consol, mortgage bonds issued to
pay for it. This purchase placed
the Lake Shore in a new position, as it not only has
the additional
charge of $456,890 per annum on its bonded debt, but also the charges
on about $29,006,000 of the N. Y. Chic. A St. Louis Co.’s
debt, amount¬
ing to about $1,780,000 per year. The net results of this new alliance
can only he known to the directors until
reports have been issued.
The statement for first six months of 1883 (V. 36,
p. 707) gave net in¬
come over all
charges, $1,741,837, against $1,076,095 in 1882, leaving
a deficit of $236,823 after
paj ing the 4 per cent dividends.
The last annual report is published in V. 36,
p. 508, containing the
tables below, showing the operations and the
earnings of the road for
and

cent dividends. The ordinary stock has
since 1870, viz.; In 1871,8; in 1872,8;

a

series of years:

OPERATIONS AND FISCAL RESULTS.

1879.
Operations—
1880.
1881.
1882.
Passengers carried
2,8-2,121
3,313,485.
3,682,006
4,118,832
Passenger mileage... 141,162,317 176,14*,767 207,953,215 227,098,958
Rate per pass p. mile
2*22 ets.
213 ets.
1*98 ets.
‘215 ets.
Freight (tons) moved 7,511,294
8,350,336
9,161,508
9,195,538
*
Freight (tons) mil’ge.
1,733,423
1,851,166
2,021,755
1,892,868
Av. rate p. ton p. mile
0*642 ets.
0'750 ets.
0*617 ets.
0-628 ets.
Earnings—
$
$
$
$
Passenger
3,138,004
3,761,008
4,131,789
4,897,185
Freight
11,288,260 14,077,294 12,659,987 12,022,577
Mail, exp., rents, Ac.
911,159
845,228
1,176,615
1,305,877
*

*

*

*

Total gross

earnings. 15,271,492
Opct at ing expenses$
Maint. of way, Ac
1,811,284
Maint. of equipment.
1,264,527
Transport’ll expenses 4,6-6,385
Taxes
437,616

18,749,461

855,212

Miscellaneous t
Total

Net earnings?
P.e.of op. ex. to

ear’gs

17,971,391

$

1,815,072

$

18,225,639
$

2,182,510

2,323,789

2,168,856

1,596,537

5,307,829
437,639

6,275,361
472,566

1,552,805
5,968,350
503,852

688,709

751,454

709,011

8,934,524
6,336,968

10,418,105
8,331,356

11,278,428
6,692,963

11,057,907
7,167,832

5850

55*56

6276

60*67

*

Three ciphers omitted.
t Includes damage and loss of freight and baggage,
law expenses, rents payable and biro of ears.

personal injuries,

INCOME ACCOUNT.

Lake Shore Sc Michigan Southern.—Line op Road—Owns
from Buffalo, N.Y., to Chicago, Ill., 540 miles; branches owned, 324 miles.
Other lines owned as follows: Detr. Mon. A Tol., 62 miles; Kalamazoo A

White Pigeon, 37 miles; Northern Central (Mich.), 61.miles; total, 160
miles. RoauH leased are as follows: Kalamazoo Allegan
A Gr. Rapids,
58 miles; Jamestown A Franklin. 51 miles; Mahoning Coal R., 43 miles
Detroit Hills. A Southwest., 65 miles; Fort Wayne A Jackson, 98 miles ;
total, 315 miles. Total road 'owned leased, and operated, 1.339 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern A North. Indiana RR. May 27,
1869
and the Buffalo A Erie IiR. August 16, 1869. The consolidated line em¬
braces the former roads of the Cleveland A Toledo and the Cleveland
Painesville A Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation
forming the Lake Shore A Michigan
Southern road had neen largely increased by stock distributions, and on
the lines between Buffalo and Toledo the
profits had been so large that
the capital of several of the companies had been
repeatedly watered.
The consolidated line (including Detroit Monroe A
Toledo) then em¬
braced 927 miles, with $34,938,000 stock and $22,283,060 funded debt.
The Detroit Monroe A Toledo. Kalamazoo A White
Pigeon, and the
Northern Central of Michigan, are proprietary roads controlled
l»y
ownership of their stock. The New York Chicago A St. Louis road is
similarly controlled by the purchase made in 1882. The Chicago A
Canada Southern is also operated by the Lake Shore A Michigan South,
j




533,500

21,192,000
1,356.000
5,240,000
920,000
1,595,000

A

Payable, and by

..

$7,700,000
7,867,000

-

Equipment

1883.

$7,760,000
7,887,000
83,883
48,0( 0
162,172
80,289
•,

Total
Assets—
Const ruction..

1883.

$1,424,013

6 g.
7
6
7
6 g7
6 g.

49,466,500

|

J.

Where

pal,When Due.

....

o

....

INCOME ACCOUNT.

6 g.
6 g.
6

1,000,060
994.300

1,000

sheet, compared with the previous year:

Payments other than operating expenses

A. A 0.

6

2,500 OCC

1,000
1.000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.

453.)

Net earnings
Rentals paid

6

(?)
600,000
150,000
300,000

327 000
600.000

100
100

Lake Eric Sc Western.—Owns from Sandusky to Fremont, 22
miles; Fremont to Celiuu, 99 miles; branch to Minster, 9 miles;
Celina to Muncie, 54 miles; Muueie to Illinois State line, 120 miles;
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879. of the Lafayette
Bloomington A
Muncie and the Lake Erie A Western, on the basis following : Theconsolidated company to assume all the debts, issue its stock share for share
for the Erie A Western stock, and issue four shares ot its stock for each
share of the Lafayette Bloomington A Muncie stock.
The line em¬
braces the former Lafayette Bloomington A Mississippi road and the
Lake Er;e A Louisville. There are also $160,600 in car trust certificates
outstanding. The tiseal year of this company terminates June 30, and
the report for 1882-83 had the following iucome statement and balance

expenses

$1,000,000

7,706,000
1,815,000
1,485 000

1,000
1,009
1,000
1,000
1.000
1.000

will extend from Perkinsville, Pa., to Clean. N.Y., with branches, in all
101 miles. See V. 36, p. 453. The A. C. 1st mortgage bonds are redeem¬
able any time at 105. Archer N. Martin, President, N. Y. City. (V. 36.

Operating

Payable

1,000

Pittsburg.—A consolidation in April, 1883, of
Allegany Central and the Lackawanna A Western. Capital stock,
$5,000,000, of which $1,500,000 is preferred. Road when completed

earnings.

When

Cent.

•

Lackawanna <fc

Gross

Rate per

....

the

p.

Amount

Par
Value.

1881

Bonds—Princi

INTEREST OR DIVIDENDS.

or

1883

Allegany Cent., 1st mortgage, gold

do

Size,

Road. Bonds

Lackawanna & .Pittsburg—Mortg. (for $2,000,000)
Income bouds (for $1,000,000)
:
do
do

4$

1879.

Receipts—

Net earnings

Interest, divid’s, Ac.
Pr.

on

1880.

$
6,336,968
172,806

8,331,356

6,509,774

8,540,018

$
208.662

lids. A st’ks sold

1881.

1882.

$
6,692.963
238,675
850,000

7,167,832
98,392

7,781,638
$

7,266,224
$

$

.

Total income....
Disbursements—
Rentals paid
Interest on debt

257,489

$
282,955

273,925

357,087

2,616,955

2,622,730

Dividends, guar
Dividends, ordinary.

2,612,230

2,714,955

53,350

53,350

3,215,322

3,957,320

53,350
3,957,320

3,957,320

Rate of dividend
New cars A engines*

Miscellaneous..

Total disbursem’ts.
Balance, surplus

$

6*2

,

60,128

6,203.244
306,530

8

8
674.949

53,350
8

199,597

6,916,356
7,771.371
7,032,712
1,623,662
10,267
183,512
*
In 1880 this item amounted to. $700,000, but was charged to operat¬
ing expenses, and in 18S2 it amounted to $1,019,000, but was charged
in general account below.
-(V. 35, p. 3, 21, 249, 298, 729; Y. 36, p. 508, 510, 707; V. 37, p. 411,
422.)

.RAILROAD

44
Subscribers will confer

a

Lake Shore <& Michigan Southern—(Continued) —
Kalamazoo Allegan & Gr. Rapids, 1st mortgage...
Kal. Allegan AGr. Rapids, stock, 0 p. c. guar—
Jamestown A Franklin, 1st mortgage
.
Jamestown A Franklin, 2d mortgage
Lawrence—Stock
1st mortgage

Lehigh <£ Hudson River— 1st mortgage, gold
Warwick
do

Valley, 1st mortgage
2d mortgage
Lehigh & Lackawanna— 1st & 2d mortgages
Lehigh Talley—Stock ($100,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (s. fd. 2 p.c. y ’ly) ep. A reg.
Easton & Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed

Little Miami—Stock,'common
Street con. 1st M. bds (jointly with Cin. A Iud.HR.)

mortgage

Little Rock cC Fort Smith—Stock
1st mort., land grant sink, fund (for $3,000,000)..

Funding

coupon

scrip

Little Rock Miss. River £ Texas—1st mortgage
2d mortgage
Little Schuylkill—Stock

Long Island—Stock
1st mortgage, extension
1st mortgage, Glencove Br
1st mortgage, main

Date
of

Bonds—Princi
pal,When Due.
Rate per
When
Where Payable, and by Stocks—Last
Outstanding
Whom.
Cent.
Dividend.
Payable

58

'si
51
22
17
41
22
o •>

25
323
101
101
232
60

1868
1863
1869
•

•

•

Size, or
Par

$....

170

1865
1881
1879
1881

1,000

1877

1,000
1,000

800,000
145,000
240,000
600,000
27,603,195
5,000,000

1.000

6,000,000

1,000
1,000
1,000

13,354,000
2,500,000
1.395,000
4,637,300

50

....

50
1864
1882

95

1,000
1,000

,

1860
1868
1868

500*

Ac.

]

r

J.
J.

J

l

j* See preceding page, -j

A J.
A D.

6

Pittsburg Office.
F. A A. N. Y., Winslow. L. A Co.
J. A J. N. Y., Nat. Exeli. Bank.

6
6
7

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

o

Q.—J.

Q.- J.

Philadelphia.

M. A N.
A

4.

o

O'

do
do
do
do
Cincinnati.

J.

<< fc-H

1

1894
Oct., 1883
Aug., 1895

June 1.

July 1, 1911
1899
1911

Philadelphia, Office.
J. A D. Reg. at office; cp.B’kN.A
M. A S. Pliila., Bank of N. Amer.
J. A D.
Philadelphia, Office.

6
7
6
5
7

July 1, 1888
April 1, 1883
Var.to J’l.v,’97

Dec. 1. 1907
Oct. 15. 1883
.nine, 1898

Sept., 1910
1898 A 1923
1920
Jan., 1892

Sept. 10, 1883

1894
6
Various Cinn., Lafayette Bank.
250,000
M. A N. N. Y., Bank of America. Nov. 2, 1912
5
1,400.009
Boston, Treasurer.
4,505,308 10 stock.
July 18, 1881
I. A J. N.Y.jWm.C.SheldoiiACo Jan. 1, 1905
7
2,476,500
1893
/
173,350
7
J. A J.
Jan. 1, 1906
1,871,500
Boston, Co.’s Office.
•

•

•

rr

-

500 Ac.

1.106,000

1,000
50
50
500
500 Ac.
-500

Lehigh Sc Hudson River.—This road was opened from GreyBelvidere, N. J., 03 miles. August, 1882.
Con¬
solidation April, 1882. of the Lehigh A Hudson River and the Warwick
Valley roads. In addition to above there are $05,000 Wayawauda 6 per
cent bonds due 1900.
Stock, $1,340,000. In 1881-82 gross earnings,
$83,691; net, $28,444. Grinnell Burt, President, Warwick, N. Y. ( V.
35, p. 102, 189, 298.)
Lehigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Wind
It is leased
Gap, Pa., 25 miles.
This road was opened in 1807.
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
mort. Capital stock, $375,100. Gross earnings in 1881, $47,441; net,
$16,526. Gross earnings in 1882, ?53,S39; net, $9,981.
count, on Erie road, to

Phillipsburg

A J.

A. A O.

•

1875
1883
1876
1881

31

352

450,000
329,000

50

196
84
163
165

610,000
368,000
500,000

1,000

J.

8
3
7
7
2
7

$340,000

1,000

•

1868
1870
1873
1880
1872

Amount

Value.

Lawrcncc.-Owns from Lawrence Junction, Pa.,to Youngstown, O.,
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne A Chicago RR. at 40 per cent on gross earnings,
"with $45,000 per year guaranteed as a minimum. Lease has been trans¬
ferred to Pennsylvania Co., by a rhich the road is now operated. Gross
earnings in 188*1, $193,000; in 1882, gross, $226,910; net, $107,191;
rental, $90,704. (V. 35, p. 20; V. 30, p. 252.)

Lehigh Valley.—Owns from

Tables.

INTEREST OR DIVIDENDS.

Miles
of

explanation of column headings, Ac., see notes
Road. Bonds
on first page of tables.

Renewal

[Vol. XXXVII.

great favor by giving Immediate notice of any error discovered In tbese

DESCRIPTION.
For

BONDS

STOCKS. AND

(Pa. Line), N. J., to

Wiikesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
18 miies; Hazle Creek Bridge to Tomliieken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 01 miles; Slatedale branch, 3 miles ;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wiikesbarre, 10 miles; also owns the Easton A Amboy RR., Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 323 miles.
This is one of the most important of the coal roads, and was able to

2,646,100
10,000,000
175,000
150,000

1,121,500

■

-«

7

A. A O.

412

J.

1
7
6
7

and a contract made

A

do

Q-F.

do
do
do

M. A N.

M. A N.
M. A N.

1911

do

Philadelphia Office.
N.Y.,Corbin Bank’g Co.

J.

do
do
do

July 13, 1883
Nov. 1, 1883
May, 1890

May, 1884

May, 1898

by which the Columbus & Xenia road, including

its interest in the above-named branches, was leased to the Little Miami *
for 99 years.
On December 1, 1869, the Little Miami, with all its branches, Ac.,
was
leased to the Pittsburg Cincinnati A St. Louis Railroad Com¬

The Pennsylvania Railroad
execution.
Road is now operated by Pittsburg Cin. & St. Louis Railway Co. Lease
rental is 8 per cent on $4,743,300, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
In 1882 the
gross earnings were $1,808,15u; net, $405,350; lease rental, Ac., of
lessee, $671,365; loss to lessee, $206,015, against $267,467 in 1881.
pany

for 99 years, renewable forever.

Company is a party to the contract and guarantees its faithful

Little Rock Sc Fort Smith.—Owns

from Little Rock, Ark., to

Fort Smith, 105 miles; branches, 3 miles; total, 108.
In Dec., 1874,
the property (then 100 miles), including the land grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened the
road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
were funded into
7 per ceut notes. Total of notes outstanding Deo.,
1882, $464,747. In June, 1883, it was proposed to fund into 10 year
scrip the coupons falling due July, 1883, and January, 1884, and pay
off floating debt, on account of the suits pending in the U. S. Supreme
Court against this and others roads by the holders of Arkansas State
bo mis.
The annual report for 1882 was in the Chronicle. Y. 36, p. 534.
In
r

regard to the smaller earnings in 1882 it said: “This is accounted
for by the severe drought of 1881, which made its influence felt until
the cotton crop of 1882 was fully assured ; and, inasmuch as the move¬
ment in the same did not commence much before October, our monthly
receipts until then showed a falling off from the previous year. Since
then the receipts have been steadily gaining over corresponding months
maintain moderate dividends in the years of depression when the other of year before. The number of bales of cotton transported over the
companies suspended. Dividends on the ordinary stock have been as road in 1882 was 94,842, against 92,403 for the previous year; and
follows since 1870: In 1871,1872. 1873. 1874 and 1875,10 per cent from Jan. 1, 1883, to April, 1, 1883, 23,038 bales, against 8,463 bales for
paid; in 1876. 9 ; in 1877, 5 ; in 1878, 1879 and 1880, 4 ; in 1881, 5L>; year before. There were’canceled in 1882, $145,000 bonds; canceled
in 1882, 0 8j ; in 1883, 8 percent.
Prices of the common stock in Phila¬ previously, $113,500; total, $258,500. From Jan. 1, 1883, to April 14,
delphia since 1877 were as follows: In 1878, 32'4o)4214; in 1879, 33^ 1883, the trustees canceled $51,500; total to April 14,1883, $310,04)0.”
The lands unsold Jan. 1, 1883, amounted to 095,390 acres- and land
©55; in 1880, 40@5734; in 1881, 571aa'6414; in 1882, 58J4S-0734; in
1883 to Saturday last, 03&73.
notes, $571,873; in 1881 4 / ,785 acres were sold for $185,705; in 1882
The fiscal year ends November 30. The last annual report was in 49,431 acres sold for $107,587.
In the year 1881 the gross earnings
the Chronicle, V. 30, p. 138.
It is one of the peculiarities of the were $502,050; net, $200,745. In 1882 gross earnings were $539,133;
company’s annual report that no general balance sheet is given. The net. $237,193; interest on bonds, $175,393; on floating debt, $51,004.
earnings, expenses and income account for the fiscal years ending Nov. J. II. Converse. President, Boston. (V. 35, p. 317; V. 36, p. 29,103,
534, 731; V. 37. p. 375, 399, 424.)
30, were as follows :
1879-80.
1831-82.
Operations—
1880-81.
Little Rock Mississippi River tV Texas.—Owns from Little
19,812,238 23,123,806 27,449,347 Rock to Arkansas City, 113 miles; Tripps to Warren. 53 miles; Rob
Passengers carried one mile
This com¬
Anthracite coal (tons) moved 1 m.375,303,125 440,026,699 490,420,780 Roy Junction to Mieawber, 4 miles; total, 170 miles.
Other freight (tons) moved 1 mile. 166,178,7o2 202,299,285 216,411.651 pany was a reorganization of the Little Rock Pine Bluff A New Orleans
Railroad and the Mississippi Ouachita A Red River Railroad.
Both
those companies received land grants and State aid bonds, and this com¬
Total freight (tons) moved 1 in..541,481,877 642,925,934 706,832,131
pany is involved with others as defendant in the suits by Arkansas State
Earnings—
bondholders. The coupons due Jan. 1 were not paid, and scrip was
Coal freight
$5,352,604 $0,678,590 $7,158,744 offered to bondholders for two years’ interest t > be funded, in order to
Other freight
J ,879,574
2,126,397
2,269,021 enable the company to pay off a floating debt contracted in building 20
530,812
618,871
732,304 miles of new road'built in 1881, and which the directors paid for with
Passenger, mail, express, Ac
their personal notes. As collateral they took $ 400,000 in bonds.
The
Total gross earnings
$7,702,990 $9,423,858 $10,160,069 interest on the first mortgage bonds amounted to $130,000 a year. The
4.002,357
4,648,034
5,833,677 net receipts in 1882 were $108,000. A washout cost $30,000 for
Operating expenses
repairs, besides causing a loss in traffic of $30,090. Earnings in 1881,
Net earnings
$3,760,633 $4,775,7»4 $1,326,392
$301,225; net, $129,625; ill 1882 gross, $321,862; net, $99,601. The
INCOME ACCOUNT.
stock is $3,594,000.
Eiisha Atkins, President, Boston, Mass. (Y. 35,
1379-S0.
1880-81.
1881-82* p. 182; V. 36, p. 108, 139.)
$
$
Receipts—
•$
Little Schuylkill.—Owns from Port Clinton to Tamanend. 28
Net earnings
3,760,633
4,326,392 miles; branches, 3 miles; total operated, 31 miles.
4,775,774
The East MahaOther receipts and interest
837,943
968,268
1,079,243
noy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Pliila.
A Reading July 7, 1868. The Little Sehuykill Railroad is leased to the
Total income
4.593,581
5,744,042
.5,405,635 Philadelphia A Reading Railroad for 93 years from July 7, 1868, at a
Lis b urse m en Is—
$
fixed annual rental. Of the stock, $158,250 is held by the company, and
$
$
Interest on debt
*
2,268,313
2,019,734 no dividends are declared on this.
1,630,113
Gen’l exp. A loss on Morris Canal.
742,953
772,682
375,490
Lons Island.—Owns from Long Island City, N. Y., to GreenDividends
1,108,757
1,522,954
2.350,510
990,333
551,319 port, N. Y.. 95 miles; branches, 87 miles; total owned, 182 miles.
1,070,059
Charged for accuin. depreciations
Leased—Smithtown & Pt. Jefferson RR.. 19-0 miles; Stewart RR. to BethTotal disbursements
5,300,089 page, 14*5; Stewart RR. to Hempstead, 1"8; New York A Roekaway
4,472,161
5,634,003
126,420
Balance, surplus
110,034
105,516 RR., 879; Brooklyn A Jamaica RR., 9 6; Newtown A Flushing RR.,
3 9; Brooklyn A Montauk, 67; Manhattan Beach RR., 17"8; Hunter’s
—(V. 30, p. 80, 138, 169.)
Point A So.* Side RR., 1*5; Far Roekaway branch, 9"4; L. I. City &
Little Miami,—Owns from Cincinnati, Ohio, to Springfield, Ohio, Flushing RR., 15"8.
Operated—N. Y. A Long Beach, 6; Central exten¬
84 miles; branch, Xenia, Ohio, to Dayton, Ohio, 16 miles; leased, sion, 8"1; Main St., Flushing, to Great Neck, 6*1. Total leased and
Columbus A Xenia Railroad. Xenia to Columbus, Ohio, 55 miles; operated. 188 miles. The total of all the roads owned and operated is
.

Dayton A Western Railroad, Dayton, O.. to Indiana State Line, 37 miles;

Ohio State Line to Richmond, Ind.,4 miles; total operated, 190 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch ;
for the remainder of the main line, as given above, the Col. A Xenia

road, Columbus to Xenia, is used. On Jan. 1,1805, they leased the Dayton A West. (Dayton to Ind. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4. 1865, purchased the road from Xenia to

Dayton; these three roads go to form the branch of 57 miles given
The partnership agreement was dissolved November 30, 1868,

above.




370 miles.
The Long Island Railroad went into tlie hands of a receiver October,
1877, but in 1381 the company resumed possession. The second mort¬
gage bonds were issued to take up floating debt of various classes.
The control of the company was sold to the “ Long Island Company,”
controlled by Mr. Austin Corbin and others, in Dec., 1880. In July,
1881, the stock was increased from $3,260,700 to $10,000,000, but the
terms of increase and price realized on the additional stock have never
been made public.
In August, 1881, most of the holders of Smithtown A Port Jefferson bonds and N. Y. A Roekaway bonds agreed to

v -tv.

OCTOBER,

Subscribers will confer a

great favor by giving

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

notes

Long Island—( Continued )—
2d inort. for floating debt

$5,000,000)
Rockaway, guar. int. only

Smitktown & Port Jefterson

Long Island City d-Flushing—1st M., coup, or
Income bonds (cumulative) ($350,000)
Newtown & Flushing, guar, by L. I. RR
Los Angelos <£■ San Diego—1st mortgage
Louisiana Western—1st mortgage, gold

Louisville Evansville <£• St. Louis.—1st
2d mortgage, gold

reg.

,

4

27
112

1878
1881
1871
1871
1881
1881
1871

1880
1881
1880
1882
1881

2,065

Louisville <£ Nashville— Stock

General inort., gold, coup, or reg. ($20,000,000).
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
extension, Louisville loan

$1,500,000 Lcbanon-Knoxville
Ceeilian Branch, 1st mortgage

1034
10%

mort

Income bonds.

do

immediate notice of any error discovered In

Miles Date
Size, or
Par
of
of
Road. Bonds Value.

156
164
10
19

Consol, mortgage, gold (for
New York &

45

AKD BONDS.

these Tables*

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS

EAILROAD

1883. J

extension mort..

Consolidated 1st mortgage

840
....

02
62
172
46
39*2
130
83
135

Memphis & Ohio, 1st mort., sterling, guar
Memphis & Clarksville br.. 1st mort., sterling
Mort. on Ev. Hen. & N., gold
E. H. A N. deben., secured by $800,000 1st M. bds.
3d mort., trust, gold, sink, fd., secured by pledge. 1,079

1880
....

1856
1863
1881
1877
1868
1871

Amount.

Outstanding

850.000

236,000

6 A 7

1,000
1,000

333.000

(?)
(?)

500
500

600,000
312,0.00
150,000
556,000
2,240,000
3.900,000
1,000,000
3,000,000

1,000

1,000
500

1,000
1,000

1,000
1,000
1,000
100

25*000,000

1,000

10,361,000

....

Pledged.

1,000,000

1,000
1,000

1.000
1.000
1.000

7.070,000
3,500,000
2,135,9 40
2,400,000
567,400
10,000,000
5,000,000
3,000,000

1,000

2,000,000

1872

£200
£200

1879

1,000

1st mortgage on New Orleans A Mobile RR
2d mortgage
do
do
Bonds see’d by pledge of 2d mort. S.AN.Ala.RR..

141
141
189

-

.

.

1882
1880
1880

....

exchange their bonds for the consolidated mortgage, bearing 5 per cent
No annual reports have been issued and the only information obtained
is from the statistics furnished the State Engineer. The road has been
much improved in its operating department under the new management,
but the rise in net earnings from $190,290 in 1880-81 to $840,283 in
1881-2, and also the non-payment of any rental to the Brooklyn A Montauk Co., are features which seem worthy of some explanation.
The annual report for 188 L-82from the returns to the New York State
Engineer was published in Chronicle, V. 35, p. 734, and gave gross
earnings, &c., and comparative statis '

6
6
7
7
7
6
6
6
6
6

6
6

Where Payable,
Whom.

and by

Stocks—Last
Dividend.

Corbin Bank’g Co Aug. 1, 1918
do
July 1, 1931
do
A. & 0.
April, 1901
do
M. & 8.
Sept., 1901
M. A N. N.Y., Corbin Bank’g Co. May 1, 1911
do
May 1, 1931
do
Jan. 1

1,000

$268,935
3,051,000

1,000

When

Payable

F. & A. N. Y.,

7
5
7
7
6
6
7
6
6
6
7
4
3
6
6

$100Ac.

■

.

Rate per
Cent.

Bonds—Prinei

pal,When Due.

Q.-J.

do
do
do

do
do
N. Y., Central Pacific.
J
,T. N. Y., Central Trust Co.
O. New York and Boston.
do
do
S.

M. A N.

g.
g.
g.

'

g.

g.
g.
g.

g.

J.
J.
A.
M.

A
A
A
A

May, 1931
July 1, 1910

April.

1920
1921
1902
1920

L. A N. RR., 52 Wall St. Feb. 1, 1882
N. Y., Drexel, M. A Co.
Junel, 1930
1886 A 1887
New York Agency.
1885-86
N. Y., Drexel, M. A Co.
Oct. 15, 1893
do
do
March 1, 1931
New York, Agcncv.
Mar. 1, 1907
N. Y., Drexel, M. A Co.
do
do
April, 1898
June 1, 1901
London, Baring Bros.
do
do
Aug., 1902
N. Y., Drexel, M. A Co. Dec. 1, 1919
1883-84
New York Agency.
Q.—Mai N. Y., Drexel, M. A Co. Mar. 1, 1922
Jail. 1, 1930
do
do
J. A J.
Jan. 1, 1930
New York Agency.
J. A J.
A. A O. N. Y., Drexei. M. A Co.
April 1, 1910

F. A A.
J. A D.
A. A O.
Various
A. A O.
M. A S.
M. A S.
A. A O.
J. A D.
F. A A.
J. A D.
A. & O.

Organization, Leases, Ac.—The

Louisville & Nashville was chartered

Mnrcli 2, 1850, ami opened between Louisville and Nashville November,
1859. The Memphis branch, completed in 1860, was operated in con¬
nection with the Memphis A. Ohio and Memphis Clarksville A Louisville

roads, which were purchased by the L. A N.
in the

The other roads embraced

system have been purchased outright or are controlled

absolutely

by ownership of a majority of the stock, except those under leases, as
above described. The liabilities for interest are treated mostly as
belonging directly to the Louisville & Nashville Company, and the
rental ” charges, so-called, arc very moderate. In 1879 the mileage
1881-82. was only 973, and in the one year following it nearly doubled, increas¬
1880-81
1879-80.
1878-79.
352 ing to 1,639 in 1860.
328
320
The Southeast. & St. Louis RR., which was reor¬
Miles operated
326
Passengers carried, No
5,043.848 6,228,292 6,512,270 8,878,453 ganized after foreclosure of the St. Louis A Southeastern, Nov. 16,
386,260 1880, is leased to the Louisville A Nashville for 49 years, and the L. &
320,837
339,252
Freight (tons) moved
280,071
N. issues its bonds as above, secured on the road, about 210 miles long
$
$
$
Earnings and Expenses—
$
in Indiana and Illinois. There is also $999,500 of S. E. A St. L. stock.
1,237,837
1,C08,771
1,162,404
Passenger earnings
1,032,689
634,698 The liseal year ends June 30. Annual election is held early in October.
567,055
531,367
Freight earnings
463,978
Stock and Bonds.—At the close of the liseal year (June 30) 1880 the
173,588
141,776
118,178
Miscellaneous earnings
121,283
capital stock was $9,059,361, and in Nov., 1880, the stock dividend of
..1,617,950 3,811.849 1,946.668 2,417,057 100 per cent was made, raising the amount to $18,133,513. In October,
Gross earnings
.1,279,591 1,365,856 1,756,372 1,576,774 1882, the company listed at the Stock Exchange $3,080,000 stock sold
Expenses and taxes
by the city of Louisville, raising the stock outstanding to $31,213,513,
840.283 and the stockholders also authorized the increase of the capital to
190,296
445,993
Net earnings....%...
338,359
192,748 $3i>,O0O,QOO in all, the addition to be issued as required, of which
165.399
92,500
Lease rentals
193.305
$3,760,487 was then listed, raising the amount to $25,000,000. All the
228.121
200,757
292,841
Interest and sinking fund..
205,174
dividends paid since 1870 were as follows: In 1871, 7 per cent; in
9,060,700
10,000,000
3,260,700
1872, 7 per cent ; in 1873, 7-per cent; in 1877, 142 per cent; in 1878, 3
Capital stock
3,260,600
Funded debt.
2,479,712 2,713,672 2,691,203 4,169,926 percent; in 1879,4; ill 1880, 8, and 100 per cent in stock; in 1881, 6;
1,494,015
1,651,975
1,123,794
in 1882,3. Prices of the stock from 1872 to date have been : In 1873,
Floating debt
725,386
50©79; in 187-1, 533-59; in 1875, 30L>-@40; in 1876, none; in 1877,
14,303,878
16,120,719
7,098,166
26@41; in 1878, 35339; in 1879. 35389^; in 1880, 773174 ; in 1881,
.2,757,817
6,629,318 11,086.245 3
7931101c; in 1882, 10ie@100:,4 ; in 1883 to last Saturday, 4()3s@58ig.
The general mortgage of 1880 is for $20,000,000, of which $9,716,000
—(V. 35, p. 102, ISO, 211, 373, 735, 763; V. 36, p. 5, 93, 731.)
is reserved to payoff prior liens, and the mortgage covers 840 miles of
Long Island City A: Flushing.—Road from Long Island City to
Flushing, 11 miles. This is a reorganization of the Flushing & North road subject to liens amounting to that sum. The L. A N. LebanonSide road, foreclosed December 11,1880. The stock is $500,000; par, Knoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
$100. The income bonds are payable at will. Leased to Long Island miles from Livingston to State line as a lirst lien. The Pen. A Atlantic
RR. for 50 years, the lessee taking 60 per cent of, gross earnings and is a separate company and the bonds are not a direct liability of the
L. & N. Co.
$17,500 for fixed charges. In 1881-82 gross earnings were. $211,914, of
The 3d mortgage trust bonds of 1882 are secured by pledge of a
which 40 per cent to this company was $81,765. Alfred Sully, Presi¬
large
amount of stocks and bonds belonging to the L. & N. Company
dent, New York City. (V. 36, p. 55.)
and held as collateral security bj' the trustee of the mortgage. The
Los Angelos,A: San Diego.—Florence to Santa Anna, Cal., 27 securities
pledged arc as follows, to wit : Bonds—1,500 L. & N. RR. Co..
miles.
Leased to Central Pacific, and in 1882 (in* net earnings paid as Lebanon A Knoxville Branch, $1,500,000 ; 1,248 L. A N. RR. Co., Pen¬
rental were $33,381. Capital stock $570,800. Clias. Crocker, President, sacola A Selma Division. $1,248,000; 2,667 L.;& N. RR. Co., Mobile A
San Francisco.
Montgomery Division, $2,677,000; 3,208 L. A N. RR. Co., Louisville
Louisiana Western.—Owns from Verrnilliom ille. La., to Orange, Cincinnati A Lexington Railway, $3,208,000; 1.000 Pensacola A Atlan¬
Texas. 112 miles, and operated by the Texas A New Orleans Railroad tic, $1,000,000; total bonds pledged, $9,633,000. Stocks—Louisville
under the same control as tin* Southern Pacific and Galveston Harris¬ Cincinnati A Lexington Railway Co.—15,000 shares preferred, $1,500,burg A San Antonio lines, making patt of the through linebctween New OOi); 10.000 shares common, $1,000,000; S. A N. A’abama' RR. Co.,
Orleans & Houston. Earnings in 1881. $235,234; net, $137,620. In 20,000 shares preferred, $2,000,000; 1,850 shares common, $185,000 ;
Mobile A Montgomery Railway, 29,397 shares,- $2,939,700.; N. O. Mo¬
1882 gross, $108,566; net, $165,902. Stock is $3,360,000.
Louisville Evansville A St. Louis.—Liife of road, New Albany. bile A Texas Railroad, 40,000 shares, $4,000,000; Southeast.A St. Louis
Ind.,to Mt. Vernon. Ills., 162 miles; branches to Jasper A Gentryville, 73 Railway, 9,80!) shares, $980,000; Pontehartrain Railroad Co., 7,400
miles; total, 255 miles; opened for through business Oet., 1882. The shares/$740,000; N. C. ASt.L. Railway, 135,400 shares (par $25),
road is the reorganized Louisville New Albany & St. Louis, foreclosed $3,385,000; Owensboro A Nashville Railway, 2,500 shares, $250,000;
in 1878. Ill Oct., 1881, a consolidation was made with the Evansv. Rock- Pensacola A Atlantic Railroad, 15,500 shares, $1,550,000; total stocks
port A Eastern, with a total capital of $6,000,000. The lirst mortgage, pledged, $18,529,700; total stocks and bonds pledged at their par value,
as above given, includes
$900,000 of E. R. A E. 1st mortgage bonds, $28,162,700.
Operations, Finances, Ac.—The Louisville A Nashville system hav¬
interest Jan. and July. The road was opened for through business in
October, 1882.
In March, 1883, the 1st and 2d mortgage bondholders ing been developed in its present extensive form since 1879 has a short
history. The 100 per cent stock dividend declared in 1880 was made
were requested to fund four coupons, viz.: from April 1, 1883, to Mar. 1,
before the working and result of the newly-acquired roads could bo
1885. In 1882 gross earnings were .$258,835; net, $102,157. Jonas H.
French, President, Boston, Mass. (V. 35, p. 103, 131, 211; V. 36, p. fully developed. The recent management of the company is believed to
have been conservative, while liberal. For the year ending June, 1882,
365, 399; V. 37, p. 99.)
after a small cotton crop in 1881, the net surplus of the year over all
Louisville A
Nashville.-fto Map.)—Line of Road.—Main liabilities was $135,008. after deducting $110,000 deficit on the lease of
line—Louisville to Nashville, 185 miles; branches—Junction to Bards- the Georgia roads and branches. For the year ending June 30,1883,
town, Ky.t 17; Junction to Livingston, Ky., 110; Livingston to Jei- after a cotton eiop of about 7,000,000 bales in 1882, the net income
lieo, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141; showed a surplus over all liabilities of $722,669. Messrs. Gould and
branch to Pontehartrain. 5; Paris, Tenn., to Memphis, 259; East St. Sage went into the directory in October, 1883, and this was mainly
Louis, Ill., to Evansville, Ind., 161; June., Ill., toSliawneetown, Ill., 41;
important if it indicated such a close alliance with the trans-Mississippi
Belleville, HI., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction, roads west from Memphis, ns would throw their traffic over the Louis¬
Fla., 44; branch to Muscogee dock, 1; Louisville, Ky., to Newport. Ky., ville A Nashville road from Memphis east ward.
110; Junction to Lexington, 67; Louisville H. Cr. A W’port. (u. g.), 11;
For eight months
of 1883 gross earnings were $8,751,286, net
Selma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction $3,437,439; against $8,228,576 gross and $3,041,798 net in 1882.
to Providence, 16; Pensacola extension, 29; total owned, 1.617 miles;
The annual report for 1882-83, in the Chronicle, V. 37, 1. 373,
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
gave an account of the various transactions in that year. The c< mparaDecatur, 119; Decatur to Montgomery, 183; Junction to Wetiimpka. 6;
ti\e statistics were as follows, not including Nashv. Chat. & St. Louis,
Junction to Shelbyville, 19; Louisville Transfer, 4; No. Div. Curnb. A wnich is reported separately:
Ohio, 27; Lebanon to Greensburg, 30; Selma to Montgomery, 50;
1879-80.
1880-81.
1881-82.
1882-3.
total leased and controlled, 448 miles; total operated June 30,1883, Miles owned
880
1,438
1,578
1,616
2,065 miles. Also owns the Richmond Branch (leased to Kentucky Miles leased, Ac
5
960
434
450
449
Central), 34 miles, and the Ceeilian Branch (leased to Ches. O. A So. W ),
46 miles, and controls, by ownership of a majority of the stock, the Total
2,028
operated
1,840
1,872
2,065
Nashville Chattanooga A St. Louis and the Owensboro & Nashville, and
operations and fiscal results.
as joint lessee with the Central of Georgia, is interested in the Georgia
Operations1879-80.
1860-81.
1861 82.
1882-83.
Railroad and its auxiliaries.
In April, 1883, two important connections were opened, viz.: the Passenger mileage.. 48,380,396 82,044,283 111,137,575 129,272,559
3*72 cts.
316 cts.
2 71 cts.
2 61 cts.
Knoxville branch, connecting with East Tennessee Va.
Georgia, to Rate v. pass. p. mile
Knoxville and the Southwest; and the Pensacola A Atlantic road was Fr’glit (t’ns) mileage 319,690,197 492,933,791 596,639,434 664,139,416
Av rate p. tn p. mile
1*606 cts.
1*503 cts,
1*349 cts.
1*323 cts •
finished, giving a through route from Savannah to New Orleans.




“




RAILOD
STOCKS
AND

BONDS.

EAILEOAD

October, 1883.]
Subscribers will confer

a

STOCKS

AND

BONDS.

great favor by giving immediate notice of

any error discovered in these Tables.

DESCRIPTION.

Miles
Eor

explanation of column headings, &c., see notes
on

first page

of tables.

Date Size, or
of
of
Par
Road. Bonds Value.

Louisville <£• Nashville— [Continued)—
1st M., sold, on Southeast.& St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. A St. Louis RR., cp.
Pensacola Piv., 1st mort., gold
Mobile A Montg. Div., 1st M ($2,G77,000)
Pensacola A Selma Div., 1st M., gold ($1,218,000)
Pensacola A Atlantic, mort., guar., ($3,000,000)

20S
208
45
180
104
185
175
175
175

,

Louiev. Cin. A Lex., 1st mort
do
2d mort., coup., for $1,000,000
L. AN. mort. on L. C. A L., gold, ($3,208,000)
Car trust liens

....

Louisville New Albany & Chicago—Stock
1st mortgage
Mortgage, gold, on Chic. A

454
288
158
446
26

Indianapolis Div

General mortgage
Lowell d• Framingham—1st mortgage bonds
Li/hens S'alley—Stock
Mahoning Coal— 1st mortgage, coupon..
Maine Central—Stock
1st mortgage, consolidated
Bonds for Shore Line
Bonds ($1,100,000 loan) A. A. K. RII
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
Leeds A Farmington Railroad loan

21

43
356
304
...

55
18
109
36
30

Androscoggin Railroad, Bath City loan
Portland & Kennebec, 1st mort., extended
do
do
consolidated mortgage....

71

71
26

'.

Manchester <£• Lawrence—Stock

1881
1881
1880
1881

$1,000

1881
1881
1867
1877
1881
1882

100

5,000,000
3,000,000

6

2.300,000

6

1,0)0,000

6
5

....

20

1.480,000

,

1872

100
100 Ac.

3,603,300

1883
1860-1
1870
1868
1871
1866
1863
1865

100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ac.
100

599,651

3,007,465
8,050.339
929,941

Total gross

7,435,843
4,138,532

10,911,650
6,713,140

11,987,745
7,429,370

13,234,915
8,099,595

Net

3,297,310

4,198,510

4,558,375

5,135,320

*

Includes rent, rent of

cars

and

Receipts—

Dividends

Total disbursements
Balance

1,069,163

$
4,824,816

5,270,091

58.666
69.667

62,000
309,238

67,000
339,409

2,050,900
823,120

52,000
215,384
2,912,327
1,221,692

3,705,823

4,053,224

654,353
110,050

110,053

109,743

6,345

5,854

”6,182

Road,equipment, Ac.
Timber A qitar. lauds
Stocks ow ned
Bonds owned
StksAbds. held m tr’t
Bills A accts. receiv.

806,995

1,713,053

1.010,798
1.164,338
9,527,878
1,655,750

743,885
460,523
179,15%
456,209
574,798

1,257,973
1,191,870

1,419,279
*1,238,517

Materials, fuel, Ac..

Debentures
Bills payable
All other dues A ac’ts
Interest
Dividends
Pensa. A At. RR
Mort. on building...
Miscellaneous
Income account
Profit and loss

Total liabilities..
*

9,495,807
3,598,090
.

Cash on hand
So. A No. Ala. RR...
Nash. A Doe. RR....
Other roads
Car trust funds.
Lou. A Knox Exten.
Miscellaneous
Total assets
Liabilities—
Stock
B’nds (see Sur’ment)
Louisville bonds

822.745

.

579,836
329,348
317,769

1881-82.

$
61.593.923
763,638

1,276,041

504,121
676,159
469,639

$

1882-83.
$

67,585.426
715,773
18.565.852
1.94 *,623

9,527,878
2,011,330
833,112

9,059,361
30,978,520

71,340,274
18,130,913
40,951,840
850,000

82,464,122

94,222,561

18,133,513
58,087,778

30,000,000

850.000

850.000

613.600

605,000

1,261,723

592,729

1,649,291
321,839
452,965

567,400
526,558

931,515
343,614
543,900

1,714,301
430,716

1,130,936

50,000
29,949

756,800
633.000
425,000
217,300

7
6
6
6
6
5

1,166,700
1,000,000

Total

71,340,274

82,464,122

94,222,561




Indianapolis and Ham.
on the old mileage:

1890 to 1891

do
do
do
do

do
do
do
do
Q.-J.
A. A O. Portland, 1st Nat. Bank.
A. A O. Boston. 2d Nat. Bank.
M. A N. Manchester and Boston.

$291,164

1,022,292

Oct., 1900
July, 1898
July, 1891
July, 1891

Oct. 15, 1883
April 1, 1895

May 1, 1883

Expenditures.

Operating

$991,272

expenses

Taxes

18,265

59,222
10,296

30.

1880-81.
305
46

operate!

.

of
The

1881-82.
310
46

351

356

1880-81.

760,444
28,541.233

Freight (tons) mileage
Rate per ton per
Earni ngs—

mile

Total gross earnings
Operating expenses,
Net

Louisville New Albany A Chicago.—Owns from New
Albany,
In 1. (opposite Louisville,
Ky.), to Michigan City, Ind.,290 miles; Monon
to Hammond, Ill.. 68 miles; Delphi to Indianapolis, 79
miles; leases 17
miles of Chicago A Western Indiana into
Chicago—total
operated 454
miles. A lease for 999 years with
Chicago A Western Indiana at $84,000
per year gives entrance to Chicago.
The Louisville New Albany A Chicago w as
opened in 1852 and sold
in foreclosure Dec. 27, 1872, and reorganized without
any bonded debt.
In Aug., 1881, consolidated with
Chicago A Ind. Air Line, and stock
increased to $5,000,000, giving 15 pel* cent increase to stockholders'of
record Aug. 31.
In 1880 the company sold the $3,000,000 of first mort¬
gage bonds to the stockholders at 20 cents on the dollar. There are
also $600,000 car trust bonds. In 1883 the
general mortgage bonds
were issued, payable in 1888.
The charge for interest ana rentals in
1883 will be about $512,000; the payments due on car trust bonds are
not known.
In 1882, net receipts were
$355,172, and total payments
$441,035, leaving a deficit of $85,863. Fiscal year ends Dec. 31. The
annual report for 1832 was published in V.
37, p. 150, and stated that
the road was completed
during 1882 between

follows, mainly

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

Rate per passenger per mile

»

34,947,396
2 56 cts.

36,695,243

3 S,900,518
2’75 cts.

556,166

2*74 cts.

$772,833

$895*,989
1,067,716
113,389

1,0 3,854

100,392

$1,877,079

including taxes

earnings

1881-82.
934,738

2-7 ct*.
515.946

$2,077,094
1,359,373

1,229,357

$647,722

$717,721

-

i

INCOME ACCOUNT.

Receipts—

—(V. 35, p. 50, 88, 96, 103. 266, 373, 403, 427,43 0, 431, 497. 603, 637
V. 36, p. 169, 252, 399, 427, 453, 560, 707; V. 37, p. 99, 287, 373, 424.)

as

M’nthlv Boston, 2d Nat. Bank.

Freight (tons) moved

Including balance due for trust bonds.

were

•

Passengers

47,297,529

1907
Nov. 1, 1931
1883-89

Philadelphia.

Freight
Mail, express, Ac

2,762.934

Jan., 1897

do
do
New York Agency

Passenger mileage

30,000
36,877

777,501

1931
1931

Aug,, 1921

.

Operations—
Passengeis carried

36,094

3,909,759

May 1,
Mar. 1,

<lo

OPERATIONS AND FISCAL RESULTS.

445,359

33,947
485,222
1,123.970

Agency.

Earnings.

t Includes $5,000,000 L. A N. stock unissued.

mond.. Earnings

M. A N.
A. A O.

March 1, 1980
Mar. 1, 1920

Y., Ilanover Nat Bk.
Y., Drexcl. Ms. A Co.

Miles owned
Miles leased and controlled

1,205,707
40.000

A. A O.

do
do

ROAD OWNED AND OFEHATED.

57,903,230

896,343

8.
A A. N.
A J. N.

do
do
New’ York
do

report had the following:

1,114,041

47,297,529

N.Y., Drexcl, M. A Co. March 1, 1921

were also consolidated with the Maine Central.
The annual report was published in V. 35, p. 735.
The ending
the fiscal year was changed in 1881 from Dec. 31 to
Sept.

573,044
921,690
50,000

S.
S.
8.
N.

roads

242,929
1,454,904

50,000

J. A J. N.Y., Nat. Bk. Commerce July 1, 1910
F. A A.
do.
do
Aug. 1, 1911
do
do
1888
A. A O. Bost., Hide A L.Nat.Bk.
April 1, 1891
New’ York. Treasurer.
Q.-J.
April 3, 1883
J. A J. N. York, Union Trust Co. Jan. 1, 1902
F. A A.
Aug. 15,1883
A. A O. Boston. 2d Nat. Bank.
April 1, 1912

A
A
A
A
A

interest, $318,000; other, $25,000; total, $441,035. Detieit, $85,863.
Bennett II. Yoaug, President, Louisville, Ky. (V. 35, p. 161, 291, 545,
575; V. 36, p. 140, 510; V. 37, p. 15 0.)
Lowell A: Framingham.—Owns from South Framingham,
Mass.,
to Lowell, Mass., 26 miles.
Leased to Boston Clinton Fitchburg A New
Bedford Co. and lease transferred to Old Colony. Stock, $500,000 5 per
cent. pref. and $500,000 com.; 1 tj. per cent
paid on pref. in June, 1883.
Lykens Valley.—Owns from Millersburg, Pa., to Williamstowu,
Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
It is a
coal road leased and operated by the Northern Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500
per annum.
Itfahoning Coal.—Owns from Andover, Ohio, to Youngstown,
Ohio, 38 miles; branches to coal mines, 5 miles; total operated, 43
miles. It was opened May l, 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR.. at 40 per cent of gross
earnings. Capital
stock is $1,373,000. The L. 8. A M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings (40 per cent of
gross) in 1881, $88,583 ; in 1882, $95,189.
Maine Central.—Mileage as follows: Main line,'Portland to Ban¬
gor, Me., 137 miles; branches, Cumberland Junction to Waterville, 73
miles; Crowley’s Junction to Lewiston, 5 miles; Bath to Farmington.
74 miles; Waterville to Skowhegan, 18 miles; total owned, 307 miles.
Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to Dexter,
Me., 14 miles; total leased, 48 miles.
Total operated, 351 miles. On
Oct. 1, 1882, began to operate the European A North American
road,
(114 miles), under lease, at a rental of $125,000 per year.
This was a consolidation in 1862 of the
Androscoggin A Kennebec
Railroad and the Penobscot A Kennebec.
In August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds A
Farmington rail¬

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

$
52,023,723

Dividend.

Total
$1,382,974
Total
$1,009,537
Net earnings (25*68 per cent), $355,172.
Payments—Rentals, $98,035;

*

1880-81.

Slocks—Last

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

Miscellaneous

$240,869 of this to be refunded to the L.A N.Co.. and is incPded in the
surplus of $256,840. t $157,459 to be refunded. J $28,400 to be refunded.

$
32,703,932
922,109
7,326,209
3,123,708

6
6 g.

496,500

Mail and express..

$
4.423,719

1879-80.

1,100.009

Freight

3,112,096 *4,407,748 ti,847,268 *4,575,868
Sur.135,274 Sur.256,840 Sur. 135.008 Sur.722,099

Assets—

4

8,786,574

$
3,297,310

Miscellaneous

5

Passengers

engines, Ac.

Georgia RR. deficit..

rr

$
3.379,178

INCOME ACCOUNT.

Net inc’me.allso’ces
Disbursements—
Rentals..
Taxes
Interest on debt

3
7
3

750,000

1882-83.

o-

Princi¬

pal,When Due.

'

3,995.500

....

$
2,599,353
7,407,403
904,894

earnings

892,000

1,000

1880 81.

earnings
Oper’gex. (exel.tax.)

Pledged.
Pledged.
Pledged.
2,850,000

500,000
600,000

$
1,700,207
5,135,985

Mad, express, Ac*...

600.000

1,000

....

1881-82.
$

$3,500,000
3,000,000

Pledged.
1,975,290

1.000
1,000

1872

Rate per When Where Payable, and bv
Cent.
Svhoin.
Payable

1,000
i,ooo

1879-80.

Earnings—
Passenger
Freight

Outstanding

100 Ac.

1880
1881
1883
1871

Bonds

INTEREST OR DIVIDENDS.
Amount

0 g.
3 g.
6 g.
6 g.
6
6
7
7
6 g.
6

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

47

.

Net earnings
Other receipts

$647,722
8,656

$717,721
5,368

Total income
Disbursements—
Rentals paid
Interest on bonds
Dividends

$656,378

$723,089

$54,000
570,466

$54,000
569.542
71,822

Total disbursements
$624,466
$695,364
Balance
$31,912
$27,725
-(V. 35, p. 160, 735 ; V. 36, p. 75; V. 37, p. 234.)
Manchester A Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 2244 miles;
leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles. Road iu
operation since 1849.
Formerly operated with the Concord RR.
as one
liue, on a division of joint earnings. Methuen branch is
leased at a rental of $ 11,000 per annum. Company
lays claim to a twro~
fifths interest in the Manchester A North Weare RR., which is
operated

by Concord RR. Ten per cent dividends are paid. The fiscal year ends
March 31. Gross earnings in 1881-82, $199,848; net, $100,199. In
1882-83, gross, $180,498; net, $100,255. (V. 36, p. 560, 650, 675.)

RAILROAD

48

Subscribers will confer a great favor

on

of column headings, Ac., see notes
first page

of tables.

Manhattan Beach Co.—Stock
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. A Man. Beach RR., 1st mortgage
,. ...
Man. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bay Ridge A Jam. RR., 1st mort. (guar.)...
Mannaltan Elevated—Stock, common
Stock, 1st pref., 6 per cent cumulative

Stock, 2d preferred (not

02778811

cumulative)

Metropolitan Elevated, stock

1st mortgage
2d M. (guar, by Manliat’n).
New York Elevated, 1st mortgage, gold
Marquette H. <£ O — 1st inort.,M.A O., coup
do
do

*

by giving Immediate notice ot any error

Miles Date Size, or
Par
of
of
Road. Bonds Value.

gold

Memphis <6 Charleston—Stock
1st mortgage, Ala. A Miss. Div.

(extend, iu 1880).,

2d mortgage
Consol. M.,g. ($1,100,0001st M. on

01 in. in

Tenn.)j

*

Manhattan Beach Co.—A
made iu February, 1880, of

was

’

1877
1879

i

4
32
32
32

14

18
50
90
117
328
181
272
292
133
133
8c 0

103

1878
1879
1876
1872
1878
1883
1880

13,000,000

[Vol. XXXVII.
discovered In these Tables.

1,000
100 Ac.
1,000

1,000
1,000
1,000

1877
1877
1877
1881

1,000
250 Ac.
25

1,000
1,000

1881

1,000

1872
1870

1,000

Too
1,000

Beach

Company and the Marine

amounting to

When

Cent.

Payable

116,500,000

1^
1*2

*

2.000,000
8,500,000
1,427,500
576,200
<988,000
3,500,000

1,000,000
1,958.000
2,600,000

5,312,725
26,640,000
4,000,000
17,330,000
CO
18,738,204
10,000,000
1,900,000

Where

Payable, and by
Whom.

Oct.
A J. N. Y., Corbin
M. A S.
do
J. A J.
do

7
7
7
7

1*2

250,000
1,264,000

1$67

Rate per

6,500,000

10,818,000

1,000
1,000

consolidation under the above title
company,

500,000
1,000.000
200,000

500 Ac.
500 Ac.
500 Ac.
100
100
100
100

1854

the New York A Manhattan

Railway, the Manhattan Beach Improvement
Railway Company. The stock of the new

187-90

300,000

14

Memphis <& Little A’/.\—1st preference moitgage
\
General mort., land grant, (s. f. $10,000 after ’82);
Mexican Central (Mexico.)— 1st M. ($32,000 p. in.).
Income, conv., not cumulative, reg. ($0,400 p.m.)
Mexican National Railway (Mexico).—1st M., gold..I
Mex. Oriental Inter. <£• Inter'l—Stock ($20,000 p.in.)|
1.013
Michigan Central— Stock....1
270
Consolidated mortgage ($2,000,000 are 5s)
Michigan Air Line mortgage
....cc...

Amount

Outstanding

$4,680,000

$....

,

M. H. AO. mortgage—
Bonds for Extension, Ac
Mass. Central—Mortgage bonds,

BONDS.
INTEREST OR DIVIDENDS.

DESCRIPTION.
For explanation

STOCKS AND

J.

Q.-J.
Q.-J.

.

Banlc’g Co
do
do

New York, Office.

Q.-J.

Bond8—Princi

-

pal,When due.
Slocks—Last

Dividend.

Oct,, 1882
1, 1897
March, 1909
July, 1896

Jan.

Oct,
Jan.
Oct

1, 1883

2, 1883
2, 1882

J. A J. N. Y., Mercantile Tr.Co
6
July. 1908
Nov. 1,-1899
do
do
M. A N.
6
Jan. 1. 1906
.do
do
J. A .1.
7
June 1, 1892
J. A D. Boston, N. Eng. Tr. Co.
8
Mar. 1, 1908
do
do
6
IM. A S.
June 1, 1923
do
do
J. A D.
6
Jan. 1. 1900
6 g. jj. A J. Boston and New York.
M. A N. N.Y., H.Talmadge ACo. May 1,1883-’4
8
Jan. 1. 1915
J. A J. N. Y., Metropolit’n N.Bk
7
Jan. 1, 1885
do
do
J. A J.
7
n
(t
Jan. 1, 1915
do
do
J. A J.
4
.

8

7*
3
6 g.

*2*
A 5

8

j Jauu’ry N.Y., Treasurer’s Office.,
J.

■

1

A

J. N.

Y.,

A. A O. N. Y.
!

Q.—P.

L. A Co. July 1,

Office, 47 William.

Grand Central Depot.

M. A N.,N.

IJ. A J.i

Winsiow,
do

July 1

July, 1907

Y., Union Trust Co.
do
do

*i 911

July 1, 1911
July 1, 1912

Aug. 1. 1883
May 1,1902
Jan. 1,1890

miles. This road was leased June 2, 1877, to the East Tennessee Vir *
ginia A Georgia Railroad for twenty years from July "1, 1877. The
lessees were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 6 months’notice and was modified in December,
1879, the M. A C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
case the M. A C. earnings should be insufficient to pay them.
Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State
lien for $1,736,906, assigned to a trustee.
In 1882-83 there were negotiations pending for a long time for the
surrender of the M. A C. lease and litigation was threatened, but in
Sept., 1*83, a majority of the stock was obtained by parties interested

$4,680,600, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks iu its treasury,
except the New York A Manhattan Beach Railway preferred stock,
as also $300,000 2d mort. bonds of the New York A Manhattan Beach
RR. The New York Bay Ridge A Jamaica Railroad is leased and the
bonds and stock are guaranteed. In December, 1881, a lease of the
New York A Manhattan Beach Railway was made to the Long Island
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500
per year is guaranteed to pay all annual charges. In the year 1" 81-82 in the East Tennessee Virginia A Georgia RR. Earnings for four years
gross eai niugs of the properties w ere $249,455, and the surplus over
past were:
(V. 36, p. 313.)
expenses and fixed charges, $23,398.
Years.
Miles. Gross Eam’gs. Net Earn’e*.
Manhattan Elevated.—Road operated, 32 34 miles. This was a
292
$862,513
$231,038
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
262,924
292
1,003.271
*
railroads iu New York City.
Its capital stock was $13,000,000, and 1S80-1
323
1,342,082
511,345
it was to pay the interest on the bonds of the two elevated roads 1881-2
1,315,729
'328
235,938
and certain dividends. The original lease of May 20, 1879, guaranteed -(V. 35, p. 189. 212, 236, 298, 373, 405, 431, 516, 602 ; V. 36, p. 81,
10 ner cent per annum on the stocks, but this lease was amended in
108, 170, 196; V. 37, p. 234, 267.)
October, 1881, by agreements among the three companies, which were
Memphis: Ac Little Rock.—Owns from Little Rock. Ark., to Mem¬
supplemented by an agreement of November 14, 1881, for the
surrender of the stocks of the other companies, and the issue phis, Tenn., 135 miles. Default was made Nov., 1872, and the property
sold in foreclosure. The new company also defaulted, and the roaa was
of new stocks by the Manhattan Company, as follows: To New
York Elevated stockholders, $6,500,000 of first preferred 6
per sold and reorganized April 23, 1877. The stock is $1,500,000. The
cent stock cumulative; to Metropolitan stockholders. $6,500,000 second company has a land grant frtm Congress of 1,000,000 acres, of which
about 150.000 acres had been certified to it to June 30, 1881.
In April,
per
olders, $13,000,000
of com non stock. (See full contract, V. 33, p. 560.) 1880, control of this company was purchased by the St. Louis A Iron
Mountain, and on Jan. 1, 1882, the coupons were permitted to go to
The N. Y. Elevated stock was mostly surrendered and exchanged, but
default, but afterward the coupons were paid. On June 24, 1882, a
Metropolitan stockholders held out against it, and after a long contest receiver was
appointed. The preference mortgage bonds were extended
the Manhattan party was defeated and the Kneeland party cleetcd their
In
directors in November, 1882. Finally another agreement was proposed, and fall due $50,000 on May 1, 1881, and balance May 1, 18-3
but the litigation has not been terminated and the contest in the courts 1882 gross earnings were $704,961, n t $45,946; net earnings in 1881
has been of the most complex character.
With injunctions pending were $189,513 ; iti 1880, $303,999. The expenses since 1880 increased
more laigelv than the earnings.
(V. 35, p. 22, 545, 575; V. 36, p. 29,
against the payment of dividends under the tripartiie agreement, the
140; V. 37,‘p 201.)
,
dividend claims of first preferred stockholders were purchased by Mr.
Mexican Central (Mexico).—Oct., 1883, had built from Mexico
Jay Gould.
The report for year ending Sept. 30, 1882, showed gross receipts of
Cit.\ north, 378 miles; El Paso del Norte southward, 532 miles, and 70
miles of Tampico Division ; total, 980 miles. Under the management of
both roads to be as follows:
N.Y. Elevated. Metropolitan
Boston capitalists. Whole line when completed will be (1) the mam
Gross earnings
$3,216,369
$2,757,264 line, from the City of Mexico to El Pmso; (2) from Tampico westerly
San Luis to the main line; (3) from the ma a line to the City of
Working expenses
$1,844,690
$1,823,680 4lirougli
Taxes
208,463
202,088 Guadalajara, and thence to Pacific Const at San Bias. -

Ereferred 6

Net earnings

cent stock not cumulative; and to Manhattan stock-

$2,052,153

$2,025,768

$1,163,216

$731,496

The company was incorporated Feb. 25, 1880,
of Massachusetts, and by transfer the company
the Mexican Governmc* t. granted Dec. 5, 1874,

under the general law

holds the charter from
for a road from Mexico

City to Leon. and by modification including lines to Paso del Norte,
Guadalajara and Laredo. The company also has other rights granted
by the State of Chihuahua.
The company has a subsidy from
Earnings.
Passengers.
Year.
Passengers.
Earnings.
16,169,269
$1,287,336 the Mexican Government of $15,200 per mile on most of the lines,
29.875,912
$2,239,489
2,021,190 which the Mexican Govennent issues to the Co. as the road is accepted,
25,917,514
2,591,785
34,914,243
2,469,444 in “ certificates of construction of the Central R’y. to be redeemed with
34,498,929
41,086,849
2.841,631
6 per cent of all duties produced at the maritime and frontier custom¬
35, p. 5
houses of the Republic.” The subvention on the main line will be about
V. 36, p. 56, 93,169, 252, 365, 453, 467 ; V. 37, p. 23, 48, 342.) .
$19,000,000. The first mortgage bonds were issued thus : $5,000 with
Marquette Houghton Ac Ontonagon.—Owns from Maiquette. *>1,000 income bond and 40 shares of stock for $4,250 on the first sub¬
Mich., to L’Anse, 63 miles; branches, 36 miles; total operated, 99 scription, $4,500 on the second, and $4,750 on the third. The income
The stock authorized is
miles. An extension to Houghton, 31 miles, completed Oct , 188 f. Has a bonds are convertible into stock at par.
landgrant of about 80,000 acres. This was a consolidation Aug. 22,1872, $32,000 per mile. Tlios. Nickerson, President, Boston. 8ce V. 35, p.
of the Murq. A Out. R’y and the Houghton A Ontonagon Railway. The 516. and report for 1882 in V. 36, p. 398.
(V. 35, p. 132, 320, 348,
478, 516, 545; V. 36, p. 103, 140, 252, 286, 398, 451, 590 ; V. 37, p. 99,
company made default on its bonds, and issued the present 6 per cent
bonds in exchange for prior 8 per cent bonds. In January. 1883, consoli¬ 375. 424.)
dation was made with the Houghton A L’Anse RR. Stock is $2,806,600
Mexican National Railway (Mex.)—This is the road building
common, and $2,259,000 preferred.
In Feb., 1883, dividends were paid from Laredo to City of Mexico, 817 m., and Mexico City to Manzanillo,
with branches to El Salto, Zacatecas and Matamoras, under the Palmeron common and preferred stocks, and a 4 per cent dividend was paid in
August, 1883, ou pref. The lands amounted to 425,000 acres, mostly Sullivan concession from the Mexican Government , of Avhich about 440
timber and mineral lands, and iu May, 1881, were sold for $2,500,000, were finished by Jan., 1833. This Co. receives a subsidy of $i 1,270 per
and $1,750,000 6 per cent bonds called in.
In Jam, 1883, stockholders mile of road secured by 6 per cent of the Government receipts from
were offered the privilege of taking bonds for the extension, subscribers
customs. Statements at some length as to the company's affairs wrero
for $1,000 6 per cent bonds receiving a bonus of five shares of stock
in the Chronicle, V. .33, p. 717; V. 34, p. 204. Bonds for $1,000
The business consists largely of the transportation of iron ore, and in with stock for $1,000 were issued for $1,050 cash.
Stock outstand¬
1883 fell off considerably. Operations and earnings have been:
ing June, 1833, wras $22,500,000; par $100.
The road is built
by the Mexican National Constructi <n Co. In Texas 167 miles of the
Gross
Passenger
Freight (ton)
Net
Years. Miles.
Mileage.
Earnings.
Earnings. Texas Mexican Road from Corpus Christi to Laredo,connect wTith this
Mileage.
road and are operated with it. W. J. Palmer, President, New York.
(V.
1,130,678
15,124,336
$552,671
. $277,157
88
1,615,903
771,538
20,804,176
405,719 35. p .50, 103, 265, 291, 320; V. 36, p. 81.)
88
23,477,533
433.756
2.033,885
893,638
99
Mexican Oriental Interoceanic Ac International.—This Co.
2,6'0,957
1,176,192
99
31,337,027
623.176 is f »rmed to build from Laredo to City of Mexico, 600 miles, in connec tiou
with the Gould system oDroads terminating at Laredo, and a traffic
—(V. 35, p. 50, 347, 546 ; V. 36, p. 30, 56, 80, 510; V. 37, p. 400.)
Massachusetts Central.—Boston, Mass., to Northampton, Mass., agreement from them of 25 per cent of gross earnings. See V. 34, p.
104 miles; branch, 13 miles; total as projected, 117 miles.
Stock, 605. The Mexican Government grants a subsidy which it is said will
$3,500,000. In April, 1882, company became embarrassed; trustees uet $1.2,000 per mile. See circular of Mr. Gould, as President of Mo.
Pacific, in V. 33, p. 687, 716. No road had been constructed (V. 34, p.
took possession May, 1883; trains were taken off. On Sept. 1. 18-3,
road was sold in foreclosure, and to be reorganized.
(V. 35, p. 78, 132, 489, 605 ; V. 35, p.320).
430, 515; V. 36, p. 140, 340, 454, 479,510,5*0,561,590; V. 37, p.
Michigan Central.—Line of Road.—Owns from Detroit. Mich., to
202, 267, 321.)
Kensington, Ill., 270 miles: used jointly with Illinois Central, Kensington
to Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Memphis Ac Charleston.—Owns from Memphis to Stevenson,
Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5 Lansing A Saginaw, 300 miles; Grand Riter Valley, 84 miles; Kala¬
miles; leased, Sisvensou to Chattanooga, 38 miles; total operated, 328 mazoo A South Haven, 40 miles; Joliet A Northern Indiana, 45 miles




--New York Company.Gross

Metropolitan Company.—
Gross

/*?'. ■*-

explanation of column headings, &c., sec
tirst page of tables.

notes

Michigan Central— (Continued) —
>
1

Michigan Air Line 1st rnort., assumed by M. C—
bonds, mort. on Grand River Valley RR. ..
Kalamazoo & South Haven, 1st mort., guar

M. C.

2d mort., guar

do

do

Grand River Valley, stock, guar..
do
1st mort., guar
Detroit A Bay City 1st mortgage, endorsed

Detroit A Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
Mort. on

do
do
do

1st mortgage

Miles
of

10
82
39
39
84
84
145
145
116
....

do

Michigan d Ohio—

Date
of

Size,

Road. Bonds

236
293

Cons. m. on whole line (300m.)

do

Bond*—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
on

49

BONDS.

AND

by giving immediate notice of any error discovered in tbese Tables.

Subscribers will confer a great favor

For

STOCKS

KAILKOAD

1883. J

October,

1870
1879
1869
1870

or

Amount

Par
Value.

1.000

640.000

1,000
1,000

70,000
491,200
1.000,000
424,000

100

1866
1872-3
1881
1865
1867
1871
1880

8
6
8
8

$200,000
500,000

$1,000

....

Rate per
Cent.

Outstanding

1,000

2*3

3,576,000
1,106,000
171,000
1 943,000
1,100,090

1,000
1,000

1,000
1,000
1,000

A
A
A
A
A

M.
M.
M.
M.
J.

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

13

Milw.Lake Shored West—Northern Div.,
Consol, mort., gold (for $5,ou0,00u)
Income bonds (not cumulative)

1st mort.

....

100
306

Equipment bonds
Milwaukee d Lake Winnebago— 1st mortgage, gold.
Income bonds, gold (cumulative)
Milwaukee & Northern—1st mortgage
Mine Rill d Schuylkill Haven—Stock
Minneapolis d St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold. coup. (Al. Lea to Fort Dodge)
Improvement and equip, mort..'
Mortgage on Southwestern extension

65

i.26

1866
1881
1879
1881
1881
1882
1882
1882
1880

1,000
1,000

3,642.000

7
6

1.000

oOO.OOO

6

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

170,000
1,430,000
520,000
2,155,000
4,022,500
455,000

8
6 2.
5 8-

950,000
280.000

g.
g.

199.000

50

67
27
93
15
102
360
53

1877
1877
1877
1879
1882
1880

1,000
500 Ac.

1,000
1.000 ■

6

31a
7
7
7
7
6
7

1,015,000

4,OOP,000

1,000
1,000

636,000
1

Niles A New Lisbon. 11 miles; Detroit & Bay City Road, 115 miles’
total operated. 1,013 miles.
Organization,. Leases, Ac.—The Michigan Central was chartered in
1846 and purchased of the State of Michigan 144 miles of com¬

g.

g.

~

Whom.

Stocks- Last
Dividend.

Nov. 1, 1890
1909
Nov. 1, 1889
Nov. 1. 1890

Trust Co.
do
do
do
do
do
do
do
do
do

July, 1883
July 1, 1886
May 1,1902-3
Mar.

1,
July 1,
July 1.
Sept. 1,

1886

Company’s Offices.
A S. X. Y., S. S. Sands A Co.
A X. N.Y., X. Bk. of Com’rcc

1921
Mar. l, 1909

do
do
do
do ,
Boston and New York.

May 1, 1911

....

M.
M.
M. A X.
J. A J.
J. A J.
„

J.
J.
J.
J.
M.
J.
J.
J.

1931
1885

1885
1891
Sept. 1, 1891

do
do

Middleto’ii,X.Y..lst X.B

7 g.
6

400,000
15,000 p.m.

«■

pal.When Due.

Payable, and by

N. X. Y., Union
do
S.
do
N.
do
N.
do
J.
do
J.
do
N.
S.
do
do
J.
do
J.
do
S.
do
S.

(?)

•-

Unioncille d Water Gap—1st mortgage.
Midland No. Carolina— 1st mort. (for $1 0,000.000)
Middletown

Where

Payable

J. A
M. A
M. A

8
8
5
8
8
8
6

r

When

_

„

A
A
A
A
A
A
A
A

„

D. X.Y.,Merch.Exch.N.Bk.
J. Phila.M.II. AS. II. R.Co.

J. N.Y., Continental N.Bk.
do
do
D.
do
do
X.
do
do
I).
do
do
J.
New York.
I).

May 1, 1921
1892

July 1,
July 1,
Julie 1,
July 13,
Jail.
June
Jan.
June

1912
1912
1910

1883

1, 1907
1, 1927
1, 1907
1, 1909

July 1, 1922
Dec. 1, 1910

'

Michigan Sc OIilo.—Road completed from Grand Haven, Mich.,
It is constructed bjr a New York syndicate, much on the
plan of the “Nickel-plate” arrangement, and each subscription of
$16,500 in cash was to receive $15,000 1st mortgage bonds, 150 shares
of preferred and 250 shares common stock.
Bonds issued at $15,000
per mile.
(V. 36, p. 366, 590 ; V. 37, p. 75, 99.)
to Toledo, O.

pleted road and completed the, whole line. Detroit to Kensington, in
1852. The Detroit A Bay City road was foreclosed Feb. 12, 1881, and
purchased for the Michigan Central, which leased it and put a mortgage
Middletown ITnlonvIlle Sc Water Gap.—Owns from Mid¬
on the road.
The other lines described above as leased are all held by dletown, N. Y., to Uniouville, N. J. State Line, 13 miles.
Is controlled
the Michigan Central nominally under leases at fixed rentals, but are by New York Susquehanna A Western by ownership of stock. Formerly
practically owned. The land grant came from the Jackson Lansing A leased to the Midland of New Jersey and bonds guaranteed. (V. 37, p.
Saginaw company as stated below. In Nov., 1882, a close contract was 23.)
made with Canada Southern for working its road bjr the Michigan Cen¬
Midland North Carolina.—Owns from Morehead City to Golds¬
tral and the division of net profits over all charges—one-third to Canada
boro, 95 miles, and constructing to Salisbury, 150 miles further; built
Southern and two-thirds to Michigan Central.
Stocks and Bonds—The Michigan Central stock has remained at the by the Midland Improvement and Construction Co. Total projected lino
same amount since 1873.
Prior to 1873 it was a regular 10 per cent is 565 miles. Stock, $5,000,000. American Loan A Trusr, Co.. Boston,
is trustee. The company leased the Atlantic A North Carolina in 1881
stock. In 1872 73 paid 5 per cent and 4 in scrip, but afterward paid
from Morehead City to Goldsboro, and was constructing its due to Salis¬
no dividend till 1878, and
since then Irregular amounts. Since 1870
dividends have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73, bury, but the company became embarassed and the affairs of the Con¬
struction Company were to be wound up.
(V. 35, p. 51, 574,706; V, ■
37,

p.

151.)

Milwaukee Lake Shore Sc Western.—Owns from
Wis., to no them end of division 254 miles, of which 4

1881, 84% 3-120; in 1882, 77®105; in 1883. to last Saturday, 77® 100%
The Jackson Lansing A Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro¬
ceeds of J. L. A S. lands go to pay bonds, and in 1882 sales amounted
to 30,573 acres, for $412,562 ($501,660. including timber), leaving
333,257 acres unsold, valued at $2,400,427, and land notes on hand,
$820,178
Operations, Finances, Ac.—The

Michigan Cential paid 10 percent

regularly till 1873, but becoming liable afterward for heavy
obligations on leased lines, the company suspended dividends. Tiie
road on through business is much affected by the competition between
Chicago and points eastward, and by the rates on through freights
The actual charge for interest and rentals in 1883 is about $1,800,000,
ami under the close working contract with Canada Southern there
would have been net income applicable to dividends as follows : In 1881,
$272,000; in 1882, $407,000. a dividend of 5 per cent on Mich. Cent,
dividends

stock calls for about $035,000.
The approximate income statement

for first six months of 1883 (V.

36, p. 707) showed net balance of $562,146 over all charges, being
equal to the 3 percent dividend of Aug. 1, and $63,854 over.
The annual report for 1882 in V. 30, p. 508, had the following :
operations and fiscal results.

Operations—
1879.
1880.
Passengers carried...
1,445,655
1,699,810
Passenger mileage
93,232,430 115,523,789
Rate$ pasH’ger$ mile
2-13 <?ts.
2*21 cts.
Freight (tons) moved. 3,513.819
3,797,137

1881.
1882.
2,079,289 2,368,*42
135,706,148 142,237,961
2*07 cts.;
2*21 cts.
4,196.896 3,913,869

Freight (tons) inileage721,019,413 735,611,995
0-842 cts.
0-692 cts.
Av. rate $ ton $ mile
$
$
Earnings—
2,461,771
2,062,265
Passenger
6,195,971
4,986,988
Freight
293,633
297,541
Mail, express, Ac
Total gross earnings.
8,951,375
7,346,794
$
$
Operating Expenses—
1,226,536
Mamt. of way. Ac....
904,613
670,006
Maint. of equipment.
623,730
2,824,901
Transport’ll expenses 2,455,164
197,255
Taxes
201,682

790,022,930 703,241,320
0*77^ cts.

...

1879.

514,403

Miscellaneous*

1882.

1881.

1880.

'

‘

820,053

0-718 cts

$
2,812.706

$

5,675,731

3,146,309
5,426,455

312,050

340,317

8,800,487
$
1,627,919

8,913,081

825,196

1,170,105

3,431,244

3,121,701
222,853

215,802
631,935

$

1,758,084

398.900

6,671,726
6,732,096
5,733,751
2,241,355
2,068,391
3,212,624
earnings
74-85
76-50
6411
63*97
P.ct.op.cxp.to earn’gs
Includes legal expenses, rentals, loss and damage or freight, injuries

4,699,592
2,647,202

Total.

Net
*

to persons, car

mileage, commissions, and several small items.
income account.

1882.

1879.

1880.

1881.

$

$

$

Net earnings
Interest & dividends.

2,647,202
68,634

3,212.624
134,374

2,068,391
133,845

2,241,355

Total income
Disbursements—
Rentals paid

2,715,836
$

3,346,998

2,202,236

2,369,306

$
184,310
1,385,120

$

<$

Receipts—

Interest

on

184,310

debt

Dividends
Do

rate per

ct.

1,403,472
1,030,601
5*2

Miscellaneous
Total disbursem’ts.

2,618,383

Balaucc, surplus
97,453
-(V. 35, p. 22, 431, 456, 576, 729;
117.)




1,499,056
8

,

$

127,951

184,310

184,310

1,508,616

1,617,061

468,455
2*2

374,764

2,161,381

2,176,135

2

70,000

3,138,486

Milwaukee

miles are
leased; branches—Hortonville to Oshkosh, 23 miles; Manitowoc to Two
Rivers, 6 miles; Eland Junction to Wausau, 23 miles; Antigo to
Bryant, 5 miles; Monico to Rhinelander, 16 miles; total operated,
322 miles.
The old company (125
and on December 10, 1875, the
and
purchased by bondholders.

miles) defaulted in December. 1873,

property was

sold

in foreclosure

The reorganized company has
$5,000,000 preferred stock and $1,000,000 common. A consolidated
mortgage for $5,000,000 is issued to take up all other debts, and the
balance for extensions, Ac. Preferred stock has a prior right to 7 per
cent from net earnings.
The annual report for 1882 was given at some
length in V. 36, p. 650. In 1881 gross earnings, $637,485; net, $212,659.
In 1882 gross receipts $909,907; net, $331,863; interest, $199,071; surplus, $132,792; interest on income bonds, $30,000. (V. 35*
p. 189. 373, 374, 431, 487, 576, 677, 706 ; V. 36, p. 649.)
Milwaukee Sc Lake Winnebago. — Owns from Neenah to
Schlcirtiugerville, Wis. Built in 1882 and leased for 99 years to Wiscon¬
sin Central at 37*2 per cent of gross earnings as rental; but after
$175,000 per year is received the balance of net earnings is to be equally
divided. Pref. stock, 6 per cent cumulative, $780,000; common stock,
$520,000; par of shares, $100. (V. 36, p. 196.)
Milwaukee Sc Northern,—Owns from Green Bay, Wis., toSchwartzburg, Wis., 104 miles; branches—Menasha and Appleton to
Hillbert, Wis., 22 miles; Wisconsin A Michigan Railroad, Green Bay
to Coleman 41 miles; total operated, 167 miles. On June 5, 188". fore¬
closure was made and road sold for $1,500,000. The stock is $2,155.000. It was leased to Wisconsin Central at a rental of 37hj per cent on
Gross earnings in
gross earniDgs, but lease terminated August, 1882.
1880, $470,801; net, $175,053. Gross in 1881, $530,250; net, $19-,944.
Net in 1882, including rental for seven months, $193,830.
For last
five months of 1882 gross earnings were $248,733; net, $67,662. Guido
Pfister, President, Milwaukee. (V. 35, p. 51, 103, 291,576.)
Mine Hill Sc Schuylkill Haven.—Owns from Schuylkill Haven,.
Pa., to Locust Gap, Pa., with branches, 66*2 miles
Road was leased
May 12, 1864, to the Philadelphia <v Reading Railroad Co. for 999 years
at a rental of $321,800 per year.
There is no debt, and 7 per cent divi¬
dends are
returns.

paid. Operations not separately reported;

Minneapolis

Sc St.

included in lessee’s

Louis.—Owns main line, Minneapolis to

Angus, 200 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kah*
Branch, 2 miles; total operated, 354 miles. In 1883 acquired the Min
nesota Central Railroad, 66 miles. In June, 1881, a consolidation was

arranged with $2,000,000 of stock.
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Cedar
Rap. A No. RR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Rai road before it was absorbed by this company.
Preferred
Rtock of $8,000,000 is authorized and $l,00o,0oo issued; common stock.
$12,000,000 autboiized and $5,752,000 issued; par of both $100 per
tliare. The projected Southwestern extension runs from Fort Dodge,
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Blutfs, 140 miles. R. R. Cable, President, Chicago.
The annual report for 1882, in V. 37, p, 201, had the following: Gross

earnings, $1,543,472; nt t, $321,067. Paid interest on
on floating debt, $106,112—total, $324,067.
GENERAL BALANCE SHEET DEC.

Cost of r’d, equip’t, Ac.$17,961,66l
Materials and fuel
138,706
Bills and accounts re¬
ceivable
193,939
319,438
Cash on hand
Profit and loss
261,306

40,855
208,512
193,171
Total
V. 36, p. 366, 508, 663, 707; V. 37, p. —(Y. 35,

31, 1882.

Common stock

$7,752,0 O

Preferred stock...

4,000.000

Bills payable
Current accounts
Other liabilities

1,441.343

Funded debt

$18,875,253
Total liabilities
405, 577, 637, 706; V. 37, p. 201.)

assets

p.

bonds, $-17,954;

6,236,000

1,178,703

267,207

$18,875,253

so

KAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS.

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

DESCRIPTION.
Miles
Date Size, or
For explanation of column headings,
of
of
Ac., see notes
Par
on first page of tables.
Road. Bonds Value.

Minneapolis d St. Louis —( Continued)—
Mortgage, on Lake Superior Extension
2d mort. bonds, income, 5 A 10
years
1st mortgage, gold, Pacific Extension

Mississippi d Tennessee—1st mortgage, series “A”.

21
172
92
100
100

1st mortgage, series “ B,” (a second lien)
Missouri Kansas d Texas—Stock
1,441
1st m., gold, sink, fund, on road and land
182
(U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
100
Consolidated mortgage, gold, on road and land...
786
2d mortgage, income (interest
786
cumulative)
Booneville Bridge bonds, gold, guar
General consol. M..gold (for $15,000,000)
1,370
East Line At Red River
Hannibal Ac Central Missouri, 1st mortgage
70
Intermit. A Gt. North’ll, 1st mort., gold
776
do
2d mortgage
776
do
Colorado Bridge bonds.
...»

....

Missouri Pacitic—Stock
1st mortgage, gold
2d mortgage (s. f. $50,000 per annum)
Real estate (depot) bonds
Debt to St. Louis County (no bonds)

1880
1881
1881
1877
1877

283
•

•

•

•

....

Consol. M., gold, for $30,000,000 (coup, or reg.)..
Caroudelet Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Ateli. Ac N. W., 1st mort., guar
St. Louis & Lexington, 1st mort
St. L. Iron Mt. Ac So., 1st rnorC., coupon

299
990

15%
....

21
....

210

INTEREST OR DIVIDENDS.
Amount

Outstanding

$1,000

$123,000

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

500.000

1873
1880
1880
1870
1879
188 L
1880

1,000
1,000
1,000

8,100,000
914,000

1,000

12,230,000
440,000

1,000

708,000

1,000

7,954,000

500 Ac.

7,054.000
225,000

....

100
1868
1871
1872

1,000

A
A
A
A
A
A
A
A
A
A
A

te

At

3,828,000
9,200,000

1,000

245,000
205,000

1,000
500 Ac

190,000
650,000

1,000

4,000,000

7

misslssippi Sc Tennessee.—Owns from Grenada, Miss., to Mem¬
phis, Tenn., loo miles. Capital stock, $825,400. Debt was consolidated
above in 1877.

Negotiations were pending in 1883 for sale of majori¬
ty of stock to Illinois Central, but not consummated. Earnings for three
years past were: 1879-80, gross, $525,489; net, $269,379;
1880-81,
gross, $492,186; net, $194,346; 1881-82, gross, $406,651; net,
$152,492. (V. 35, p. 657 ; V. 37, p. 151.)
Missouri Kansas Sc Texas.—(See Map,
Page 51.)— Line of Road—
Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,
Mo., to Paola, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to
Gainesville,
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini¬
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc¬
Kinney, Tex., 155 miles. Total, 1,441 miles. International Ac Great
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and
Palestine, Texas, to Laredo, Texas, 415 miles;
^Jarvis. 29 miles; Houston to Columbia,50 miles;branches—Longview to
Phelps to
8 miles; Mineola to Troupe, 45 miles; leased—Round Rock Huntsville,
to George¬
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. II. Ac H.
road, Houston to Galveston, 50 miles; total operated 826 miles.
Organization, History, Ace.—The M. K. Ac T. Company was organized
April, 1870, and embraces by consolidation the Union Pacific—Southern
Branch, the Telm Ac Neosho and other minor companies. In 1874 the Han¬
nibal Ac’Central Mo. was purchased. The
company made default on their
consolidated bonds in Dec., 1873, and was
operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust
Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1880. On Dec. 1, 1880, the company took possession
of its property, paying the overdue
coupons. The company had a land
From

fromKansas
the United
States estimated
at also
from the
grant
tate of
817,000grant
acresinand
125,000
There is
the Indian
acres.

Territory of 3,622,400

a

subject to the extinguishment of the
Indian title. The Booneville Bridge
Company is a separate organiza¬
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders
May 18, 1881, a lease to the Missouri
acres

Pacific for 99 years was ratified on terms
following: That the
lessee opera te the road and pay the
obligatory mortgage interest, pay¬
ing over the balance tv) the Missouri Kansas Ac Texas Company. If there
is a deficit i n income the lessee may advance
money to pay interest, or
in case of f ailure to make such advance the Missouri
Kansas Ac Texas
can resume possession of its road.
The International Ac Great Northern Railroad was
acquired by Mo.
Kan. Ac Tex. in May, 1881, oy an exchange of two shares
of Missouri
Kansas Ac Texas stock for one of International Ac
Great Northern,
and the Iut. Ac Gt. North, stook is held in the
treasury of the M. K. A T.
The International Ac Great Northern was a
consolidation of
the
Houston Ac Great Northern Railroad and the International
RR. of Texas
on Sept. 22,1873,
The company made default on its bonds, and a re¬
ceiver was appointed in April, 1878. Sales in
foreclosure were made
July 31 and Oct. 14, 1879. In the reorganization the lands of the com¬
pany, amounting to about 5,000,000 acres, were
second mortgage bondholders in full settlement for theirconveyed to the
lien on the road,
which was thereby discharged, and the New York Ac
Texas Land Com¬
pany was funned to manage the lands.
Stock and Bonds.—The stock has
ranged as follows since 1877,
viz : In 1878, 2®7%: in 1879, 538^353*; in
1880, 2S%a49i4; in 1881,
347sS)54 ; in 1882, 2638g>42%; in 1883 to bust Saturday, 19% to
34%.
The general consolidated mortgage is at $20,000
per mile on all road
built and to be built; of which $18,217,000 is reserved to take
up first
consol, and prior bonds; $447,000 for the East Line Ac
Red River bonds;
$10,000,000 (which may near less than 6 per cent) reserved to take
up
income bonds and interest; but the issue of general
mortgage bonds for
Incomes and scrip is claimed to bo optional with the
company, both as
to terms and time. At end of 1882 there was
outstanding$2,280,197 of
the Income coupons 6 per cent scrip.
There are also $112,000 of Hannibal Ac St.
Joseph 7s 2d mortgage bonds
yet out, due in 1892 ; and also $285,500 of old 8 per cent income bonds of
International Ac Great Northern, which are
exchangeable into I. Ac G.
N. 2d mortgage bonds. The I. Ac G. N. also
guarantees $2,000,000 of
Galveston Houston Ac Henderson 1st mortgage 5
per cent bonds.
Operations, Finances, Ace.—Since the road went into the Gould
sys¬
tem the earnings have increased, both
gross and net.
The income
account for 1882 showed a deficit of
only $97,000 after
charges for interest, but not including interest on the income paying all
mortgage.
In 1883 gross earnings are much
larger, owing partly to the heavy
cotton crop of 1882 in Texas.
International Ac Great Northern
gross earnings in 1832 were $3,312,285* net, $981,322.
The report of M.K. Ac T. for 1882 had the
following figures for that
year, which arc compared with previous years:
Miles of railroad

Earn’ys d expenses—
Passenger earnings.
Freight earnings....
Misoell. earnings
Gross




earnings..

1879.
786

1880.
879

$
714,751

1381.

1,207

$
1.053,054

1832.
1,374

$

2,155,864

820.201
3,110,461

173,677

4,050.119

232,339

1,330,590
4,710,071

252,663

359,803

4,161,671

5,360,337

3,344,292

6,450.46 4

g.
g.

g.
g.
g-

g.
g.

g.

7
8
7
7
6 g6 g.
7
7
5

800,000
700,000

....

1873
I860
1870
1880
1867

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

o

2,573,000

500 Ac.

1,000
1,000

6
7
7
6
7
6
6
7
6
0
7

134

7 ODD (W)O

i!ooo

1876
1880

J. & D.
J. Ac J.
A. & O.
A. A O.
J. A J.

30,000,000

1 000

....

7
7
6 g.
8
8

■

14,770,000

500 Ace,
1,000

Bonds—Princi ■
pal,When Due.
Payable, and by Stocks—Last

Rate per
When Where
Cent.
Payable

1,382,000
976,000
1,100,000
40,405,000
2,242,000
349,000

100

....

1868
1870
1871-3
1876

9)0

3d mortgage

as

[VOL. XXXVII

Whom.

Dividend.

New York.

June 1. 1910
Jan. 1, ’86-’91

N.Y., Continental N.Bk.
do
do
N. Y., Bank of N.
do
do

April 1, 1921
April 1, 1902
July 1, 1902

Y,

J. N. Y., Company's Office.
I>.
do
do
A. N.Y.. Mercantile Tr. Co.
O. N. Y., 195 Broadway.
N.
do
do
D.
do
do
I)
do
do
N
do
;
do
N.
do
do
S.
do
do
N.
do
do
New York, Office.
Q.-J.

Jan.‘, 1899
June, 1903

-

1904-1906

April 1, 1911
May 1. 1906
Dec.

May 1, 1890
Nov.

Oct.

1, 1883
Aug.. 1888
July, 1891
May 1, 1892
Feb., 1885

Nov., 1906
Nov., 1920
Oct.
Oct.

1, 1889

Aug., 1920
Aug. 1, 1892

1881.

$

1, 1893

Jan., 1886

.

1880.

1, 1919
1909
1920

J. A J. N.Y., Mercantile Tr. Co.
M. A N.
do
do
mont’lv
St. Louis.
M. A N. N.Y., Mercantile Tr. Co.
m: A n.
do
do
A. A O.
do
do
J. A J.
dj
do
A. A O.
do
do
F. A A.
do
do
F. A A.
do
do

$

1, 1920
1900

\

1879.

1882.

Expenses, taxes, Acc.

2,072.751

2,616,0 46

.$
3,299,541

$
4,338,036

Net earnings

1,271.541

1,545,625

2,061,296

2,112,428

....

Imp.,eng.,car hire, Acc
Available

revenue

..

P. et. op. exp,to earn.
-(V. 35, p. 77, 133,

228,333

149,622

1,043,208
1,545.6 >5
1,911,674
61'98
62-83
58-71
291, 320, 637; Y. 36,p. 110, 427, 675.)

2,112,423
63-98

Missouri

Pacific.—(See Map. page 51;.—Line of Road.—Owns
main line from 8t. Louis,
Mo., to Atchison, Kan., 330 miles; branches
660 miles; total 990 miles.
In May, 1881, the St. Louis Iron Mountain
Ac Southern was taken in.
July, 1883, the mileage was as follows: From
St. Louis to
Texarkana, Texas Line, 490

miles; branch lines, Mineral
Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo.,
to.Belmont, Mo., 121
miles; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74
miles; Gurdon,
Arte, to Camden, Ark., 34 miles;. Knobel to Forrest
City, 97 miles;
Forrest City to Helena, 43 miles ;
Newport to
Neelyville to Doniphan, 20 miles; total, 906 miles. Batesville, 27 miles;
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road
opened to
Kansas City in October, 1865. The
company received a loan from the
State of
Missouri.

The Pacific Railroad of Mo. was sold in
foreclosure of the 3d
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. mortgage
Garrison
aud others, and a new
company organized with a stock of $800,000.
The present company was a
consolidation in August, 1880, embracing

the Missouri Pacific, St. Louis At Lex., Kansas
City As East,

Lex.

and
A
South, in Missouri; and the St. Louis' Kan.
A: Ariz. and Kan. City Leav.
At Ateli. in the State of Kansas.
The St. Louis Iron Mountain At
Southern stock was taken up with
Mo. Pacific in May, 1881, on the basis of three
shares of Mo. Pacific for
four shares of Iron
Mountain, and the St. Louis A: Iron M. took is
held by Missouri Pacific.
Stock and Bonds.—Under the new
regime the payment of dividends
begun on the present stock in 1880, in which
year 1 % per cent was
paid. Dividends since were as follows: in 1881, 6;
in
was

1882, 64; in

1883, 7.

The consolidated mortgage above is for
$30,000,000—trustees John F.
Dillon and Edward D. Adams. The bonds are
issued to retire the out¬
standing bonds of the consolidated

company, as above given,
$20,184,000. The remaining $9,816,000 are issued as amounting
quired for finishing, constructing, purchase, acquisition, Acc. maybe re¬
Operations, Finances, Ac.—The earnings and income account below
are for the Missouri Pacific and
its branches only (990 miles); for, notto

withstandiugjtlie

merger of St. Louis Sc Iron Mountain stock and lease of
Missouri Kansas Ac Texas, the
operations of all the roads have been
kept separate and are so reported. The Missouri Pacific is regarded
as
the main company of the whole
Southwestern System of Gould roads,
and on

its stock only are dividends
paid.
The annual report or Mo: Pacific for 1882 was
published in the Chron¬
icle, V. 36, p. 422, and was the first report ever
published under the new
management. The income account and balance sheet were as follows:
INCOME ACCOUNT,

1832.

To accrued iut. on b’ds.

$1,598,389 I Surplus earnings 1882. $3,766,982
Taxes
148,573 | Wal.Ac C. T. Ac Ferry Co.
Rental acct. leas’d lines
96.000 j
earnings
$102,988
Dividends paid
1,946,419 Less expenses
56,531—
46,456
Sundry amounts paid
100,746 | Dividends received,Acc/
526,662
Balance to credit, of in¬
Sundry amts, received.
127,433
come acct. Dec. 31,’32
4,635,101 I Bal. ine. acct.Jan. 1/82, 4,057,756
..

*

Not

including

any

$8,525,291 |
dividends from St. L.

I. M. Ac So.

FINANCIAL EXHIBIT DECEMBER

Cost of road aud equipment, Acc
Supplies and material on hand
Advances to roads under construction—

$8,525,291
r

31, 1882.
$39,298,900
624,117

Trinity Ac Sabine Ry.—Trinity, Tex., eastward.$286,701
Doniphan Branch, St. L. I. M. Ac So. Ry
White River Branch, St. L. I. M. Ac So.
Ry

Investment in stocks and bonds

Balances—Uncollected earnings
Cash

on

hand....

199.242

223,497—
709,441
20,856,311
202,579

1,238,990

$62,930,340
By capital stock (including exchanges for Iron Mtn.
stock).$29,953,900
Funded debt—(See Supplement)

25,379,000
Interest due and accrued—Due and uncalled for.
$28,894
not due
440,078—
468,972
Vouchers, Dee., 1382, payable Jan. 15, 1883
2,395,919
St. Louis Bridge Ac Tunnel Co.—
Accrued, but

Surplus earnings
Hospital account..
Balauce of income account, Dec 31,1882

.

51,000

41,3S6
4,635,161

$62,930,340
St. Louis Iron Mountain Ac
Southern.—This company defaulted on
its interest in 1875 and
Anally made a compromise with its bondholders,

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STOCKS

RAILROAD

52
nbscribcrs will confer

a

on

BONDS.

[Vol. XXXVII.

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

DESCRIPTION.

For explanation

AND

ol! column headings, Ac., see notes
first page of tables.

Missouri Pari tin—( Continued)—
St. L. I. M. A S., _'d M..gold, coup., may be regt—
do
Ark. Branch, 1st :norf., gold, land gr”
do
Cairo Ark. A T.. 1st, gold, ep.or reg.. ...
do
Cairo A Fulton, 1st, g., on road A land..

Miles
Date
of
of
Road. Bonds

Size,

Bonds—Princi¬
pal, When Due.
and bv Blocks—Last
Dividend.

INTEREST OR DIVIDENDS.

or

Amount

Par
Value.

Outstanding

$1,000

$13,000,000

1.000

2,500,000
1,450,000
7, <557,000
10,353,000

Rate peri When
Where
Cent.
Payable

Payable,
Whom.

'

310
99
71
'301

3 872
1870
1872

1,000
1,000
3 ,000
1,000
1,009

1870
do
Geu’i consol. M. (for $32,030,009)
1881
1 90/ •’
do
1 8S1-2
do
supplemental, gold ^
Mobile & Ala. Grand Trunk—1st M. ($20,000 p. m.)|
56
1874
Mobile d: Girard—Id mort., end. by Cent. Ga. lilt..
1869
1,000
85
3d mortg. bonds
1877
1,000
100
Mobile d Montg.—Stock
180
100
Mobile <£ Ohio—Stock
528
1st mortgage, gold
472
1879
1,000
1879
1st pref. inc. and s. f. debentures, not cumulative
2d
do
do
do
1879
3d
do
do
do
1379
do
do
4th
do
1879
»>•>
Moit. on Cairo extension (Ky. A Tcnn. ItR.)
1880
1,000
8 L
18 79
Montgomery d Eufaula—1st mortgage
50
38
Montpel ter cf- Wells Hirer—Stock
110
1878
1,000
Morgan's La d: Texas— 1st inert.,gold(N.O.to M.City)
1st mortgage, Alex. Extension, gold
150
1880
1,000
50
Morns d Essex—Stock
132
250
84
1st mortgage, sinking fund
1864
500 Ac.
2d mortgage
84 - 1866
Convertible bonds
1,000
Var’us
Gen. n\ A 1st on Boonton Br. Ac. (guar. D.L.AW.)
34
1871
1,000
Consol, mort. (for $25,000,000) guar. D. L. & W..
137
1875
1,000
....

....

....

ssuing income bonds for overdue

coupons.

The company afterward

offered to exchange these for the new 5 per cent mortgage, bonds, and up
to Juno 1,188 t, only small amounts remained outstanding. There are
also $73,090 of old income 8 per cents of Cairo A Fulton. The Mercan¬
tile Trust Co. of N. Y. is trustee of the general consol, mortgage. The
stock is all .held in the treasury of the Missouri Pacific Railway Co.,

having been retired in May, 1881, by the issue of three shores of Mo.
Pac. stock for four of St. Louis A rron Mountain. The sales of land in
Arkansas on which the Cairo & Fult m bonds have a li n are g veil in
the report for 18s2. in tabular form only without detoils.
Tae report for 1882 was published in the. Chronicle, V. 36,
and the income account for 188 J was as follows:
8T. L.

IRON

MOUNTAIN A SOUTH.

Accrued interest

on

p.422,

RAILWAY—INCOME ACCOUNT—1832.

bonds

$2,248,978

Taxes

94,463

Sundry amounts—
Car trust expense
Baring cross bridge expense

$76,682
53,699
64,942

Interest and exchange

Discount, Government deductions, Ac
Balancoot incom : account Jan. 1, 1883

209,869—

405,194
1,199,792

$3,918,434
$3,735,620
49,264

Surplus earnings 1832
Dividends received Ac.
Unclaimed wages an i vouchers canceled, Ac
Balance of income account Dec. 31, 1882

The plan

proposed for the issue of new stock and bonds was
given at length in the Chronicle, V. 32, p. 636, but the modified plan
proposes to give $420 in new mortgage bonds, $300 in incomes, and
$480 in stock for each $1,000 of old bonds, on payment of $120 cash
by holders. Old stockholders to receive 50 per cent in new stock.
—(Y. 36, p. 221, 340, 536.)
Mobile Sc Girard,—Owns from Columbus, Ga., to
Troy, Ala., 84
miles.
Common stock, $937,164; preferred stock, $279,900, and $5,080
Pike County stock. Second mortgage bonds are endorsed
by Central
RR. of Georgia. There are also $19,000 3d mort. 6 per cent bonds,
due
June 1,1897. In 1881-82, gross, $269,011; net, $59,443. In 1882-83
gross earnings, $255,756; net, $77,455.
(V. 35. p. 431; V. 37, p. 22.)
A;

Montgomery.

Die road

Default

—

Owns from Montgomery, Ala.,

was

made

on

the

bonds in

1873

to
and

was sold in foreclosure Nov. 16,1874, and
purchased by bond¬
holders, who organized this company on a stock basis, in Nov.’, 1879,
$1,550,000 of the stock owned in this country was purchased bv parties
in the interest of the Louisv. & Nashv. RR. at 80,
giving the control to
that company, which now operates it. The old
mortgage debt outstand¬
ing is about $230,000.
The Louisville A Nashville Co. Ins issued
$2,677,000 bonds secured on this road, which arc pledged for the collat¬
eral trust bonds of that company. Gross earnings in 1880-31.
$951,051;
net, $226,193; gross in 1S81-82. $987,531; net, $261,377. Josiah
Morris, President, Montgomery, Ala.

Mobile A: Oliio,—Owns from Mobile, Ala., to Columbus
Ky., 472
miles, and extension (by Kentucky A Tenn. Jilt.) to Cairo, 21 miles":
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesia, Miss,
to Starkville, Miss., 11 miles; Muldon, Miss., to
Aberdeen, Miss., 9 miles'
total operated, 528 miles.
The company funded coupons from their bonds in
Feb., 1 867, and
resumed payment of interest May, 1870. A default was made
May 1,
1874, and two trustees and receivers took possession May
8, 1875!
and the company was reorganized without
foreclosure, anil the stock
and bonds of the company were placed on
the New York Stock
Exchange list in July, 1879: First.—New mortgage to the Fanners*
Ijoan A Trust Co., of New York, as trustees, upon the main line,
oxeludina

of

7 per cent per annum, or in multiples
of 1 per ee: r, but
exceeding 7 per cent in any one year on these debentures
is payable annually upon each scries in'the order
of their priority!
but. only it earned in the preceding fiscal
year, and is nou-eumulfttive. The holders of debentures have one vote for each
$100, and each
rate
not

vet*x they instruct the Fanners’ L. A T.
Co., trustees n<»w to vote tit
the stockholders’meetings upon the
majority of thestockof the Mobile A
Ohio Railroad Company*, the power to vote
upon which is irrevocably
with the Farmers’ Loan A Trust Company, until the
extinguishment
of said debentures.
The capital stock authorized by the
charter is
$10,000,000, or 100.000 shares of $1.00 each, of which there have been
issued 53,206 shares. The debentures are secured
by a deed of trust of the
laud, about 1,143,222 acres, and receive 7 per cent, ifearued.




A D. N.Y. Farmers’ L’n A Tr.
Yearly. N.Y., cor. Pine A Nassau
do
Yearly.'
do
do
do
Yearly
do •
do
Yearly.

J.
J.

A J.
A J.

do

do

Jan., 1889
June. 1897

CO

7
7

D.

N. Y., Del.,
do
do
do
do
do

7
4^2

J.

A

J.

N. Y.. Del. Lack. A W.

7

Dec.

1, 1927

{Redeemable
only by

sinking fund.
(0

.

0.
J.
J.
N.
A.
J.
O.

1897
1891

July 1, 1892
July 1. 1909

Boston.
New York.
do

A
A
A
A
A
A
A
A

1895

April 1, 1931
April 1, 1931
July 1. 1910

N.Y., Nat. City Bank.

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

rr

f
l

Mayl, 1897
June 1,
June 1,
Jan. 1,

J.

April i, 1918
July

Lack A W.
do
do

1, 1920

July 2, 1883
Mayl, 1914
Aug. 1, 1891
Jan. 1,

ao

do

1900

Oct., 1901
June 1, 1915

do

July 1, 1912

The Cairo Extension

bonds may bo redeemed before maturity any
July 1 at 110, six week’s notice being given.
In August, 1881, 7 per cent was declared oh 1st
preferred incomes;
also 2 per cent on 2d incomes. In August, 1882, 2 per cent on the
first preferred incomes. In August. 1883, 3 per cent on first preferred.
The last report was published in the Chronicle, V. 37, p. 423, and
had the following remarks: “Beyond the current expensos'for ihe
month of June, which are payable on or before the 15th of the next suc¬
ceeding month, the only floating indebtedness ai pears in bills payable,
and results from the company having assumed the advance of $109,000,
incurred in. the completion of the Kentucky A Tenues e * RR. (Cairo
extension). *,* * There has been an increase n revenue over 1 :sr yt. r of
4*93 per cent, or $1 "6,784, and an increase in expenses of 2 4
per cent,
or $38,879, and in net revenue there lias been an increase of I2*l8
per
cent, or $67,901.’
v •*
*

January 1

or

-

“The

total

number of

bales of cotton moved during the year was

239.974, against 232,320 bales moved the preceding year. The general
or total tonnage over the road
for the year amounted to 357,493*4,
against 345,754-7 tons moved during the. past year.” * * *
“Since July 1 the receipts up to the present time (Oet. 1, 1883,)
show a healthy increase over those of the previous year, while the ex¬
penses have been somewhat reduced, and while the prospects of the
cotton crop are yet doubtful, and not up to the average of former
years,
the general business of the country tributary to and
passing over the
road is exceptionally good.”
Operations for three years ending June 30 were :

53,623

Mobile Sc Alabama Grand Trunk,—Owns from Mobile, Ala..
to Bigbee Bridge, 56 miles. The company lias been in default, and
■was sold in foreclosure May 7, 1883, to a committee of bondholders.

Mobile

J.
F.

A N. New York or London.
A D. N. Y., Mercantile Tr. Co.
A D.
do
do
do
A ,T.
do
c\; O.
do
do
A O.
do
do
A J. N.Y., Mercantile Tr. Co.
A J.
N. Y.. Nat. City Bank.
A D.
do
do
A A. X. Y., Drexel, M. A Co.

109,921

$3,943,434
—(V. 35, p. 77, 104, 182, 312, 347,637, 737; V. 36, p. 139, 312, 313,
422, 479,511.)

Mobile, Ala., 180 miles.

g.

8

7

5,994,000

3,245,000

A.
J.
J.

6 g.
3L>

5,000,000
2,999,000
284,000
4,991,000

|

g.

7
7
7
6
6
2
7

5,000,000
1,491,000
15,000,000

1,000

1882

A.

0 g.
7

1,500.000
800,000

....

g.

<r

2Hs

5,320,000
7,000,000
5,300,000
1,850,000
000,000
900,000
000,000

....

g.

M.
J.
J.
J.

4

2,950,800

.

....

■

800,000

—

Special real estate mortgage
Real estate terminal mort. (guar. D. L. A W)

7
7
5
-5
7

.3,311,000
1,121,000
300,000

-

....

7 g.
7 g.

Net earnings
Disbursenien is—
Interest on mortgage bonds
Interest on Incomes

1880-81.

1881-82.

$2,377,817
1,562,486

$2,164,274
1,602,145

$2,271,058
1,042,051

$815,331

$562,129

$628,406

$420,000
408,000

$456,000
106,000

$456,000
159,000

18S2-83.

Total disbursements

Balance
—(V. 35, p.

$828,000
$562,000
$615,000
Def.$l2,669
Sur. 129 Sur.$13,406
10,1 429; V. 36, p. 103; V. 37,p. 43, 423.)

Montgomery A: Eufaula.—Montgomery to Eufaula, Ala.,

80

miles. The road was foreclosed May 1, 1879, bought by W. M.
Wadlcy,
and the present Company organized.
Operated under contract by
Cent. RR. of Georgia. Stock is $620,000. Gross earnings
ygar ending
June 30, 1882, $355,681; net, $118,968. Diyidcnd of 10 per cent
in

paid

April, 1883.

Montpelier A: AVells Stiver.—Owns from Montpelier to Wells
River, Vt., 38-miles. Reorganized January, 1877.
D. R. Sortwell,
President, East Cambridge, Mass.
Gross earnings for year ending
March 31,

1883, $98,286; deficit, $15,891.

Morgan’s Louisiana

A: Texas Railroad A: Steamship Co.New Orleans to
Vermillionville, La., 144 miles; Verto
Alexandria, La., 84 miles; other branches, 38;
total.
loiai.
266
-ou
miles.
nines.
In February,
in
reoruary, 1883,
the wnoie
whole stock
stoeK of
oi
lwso, me

Owns from
inillionville
nines;
miles;
$5,000,000

was sold to the Southern Pacific Syndicate as reported
ted
at 150 per share of $100.
(See V. 36, p. 2.1*2.)
This company'ss
statement to the New York Stock Exchange said: “Tin*
om puny's
company's

property consists of sixteen iron
tween New York and New
and the various. Texas and

steamships, five of which

ply be¬

Orleans, nine between Morgan City, La.,

Mexican ports, and two between New
Orleans, Florida and Havana ports; also four large ferry boats, tugs,
dredge, boats, wharves,warehouses, and terminal facilities, besides nearly
the entire capital stock of the Gulf Western A Pacific Railroad, Texas
Transportation Railway Co., Buffalo B 13011 ,8hip Channel Co., and a
majority interest in the capital stock of the Houston
Texas Central
Railway Co.. Ac.” Gross earnings in 1881-82, $1,188.622; surplus over
expenses, interest, Ac, $722,450; in 1882-83, gross, $3,953,115; sur¬

plus, $1,106,327.

(V. 35, p. 51; V. 36, p. 190, 212.)

Morris A: Essex.—Owns from Iloboken, N. J., to
Phillipsburg,
N. ,L, 84 mdes; branch, Denville, N. J., via Morris A Essex
Tunnel, to

Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark A
Bloom. RR., 4 miles; total operated, 132 miles.
In 3 868 this road
was leased in perpetuity to the J>el. Luck. A W. RR.
The lessees assume
all liabilities of t lie Mor. A Essex RR. and
pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
Morris A Essex earns 10 per cent on its stock in
any one year alter the
year 1874.
The Morris A Essex is important to the Delaware Lacka¬
wanna A Western as a route witli terminal facilities on New York Har¬
bor, but the actual earnings on the.road show a large annual deficit for
the lessee company after the payment of rental. The loss to lessee was
in 1880, $1,012,416; in 1881,
$985,890; in 1882,$941,550. Earnings for
four years past were as follows:
Years.
3 879

Miles.

Gross.
Earnings.

123

1830....

$3,515,097

121
121

3,823,652

,

3881
1882

—(V. 36, p. 611.)

4,246,656

4,262,901

•

;

Net

Div’d

Earnings,

p. ct.

$1,559,35 4
3.446,193
1.6 47,019

1,630,960

7
7

RAILROAD

October, 1883.1
Subscribers will confer

STOCKS

explanation of column headings, Ac.,
on

!

-I Miles i Date

notesj

see

first page of tallies.

|

Nashua & Lowell—Stock

j
|

Bonds

($100,000 are gold 5s, J. A J., 1900)
Nashville Chattanooga & St. Louis—Stock
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup

i

of

I

of

1857

j

340

1873

Nesguehoning Yalleg—Stock
.'
;
Nevada Central— 1st mort.. gold (sink, f., $20,000)Newark d- Hudson—1st mortgage
i
Newark- Somerset <£ Slraitsv., O.—1st mortgage
j
Ncwhurg Dutchess <G Connecticut—Income bonds.;. I

Northampton—Stock

44

j

15

!
1

13
170

Mortgage bonds, coupon
|
Holyoke A W..leased. 1st Mg$200,000 guar.)
j
Consol, sink, fund $15,000 per yr..A mort. bonds.
Northern Extension
......!

92
17

.

!

1809

*

j
1,000 !
1,000 |
500 &c.
j

1879-20

Shelbyville, Tenn., 8 miles;- Bridgeport, Ala., to Inman, Tenn., 25
miles; proprietary lines—Nashv. to Lebanon, 30 miles; Tullalmma to
Caney Fork, 48 miles; Deehord to Fayettev., 40 miles; Centre.ville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
The the bonds endorsed by Tennessee are secured by
deposit in trust of
this company’s first mort. bonds.

majority of the stock (*3.385,000) is owned by the Louisville A

Nashville. RR. Company and pledged among the collaterals for the
trust loan of that company.
This company owns *75,000 of the Duck
River RR. 2d mortgage endorsed bonds.
In addition to above bonds
there are $25,00.» Centrex i!le Branch bonds out.
The annual report for 1882-3 was published in the Chronicle, V. 37,
p. 321 and 374, and had the following: “While tin* sharp competition
of lines and the operating of new railroads has divided tin*
tonnage ami
decreased tin* through business, it is gratifying to observe a large ami
gradual increase in the local traffic, which it is expected will continue,
and thus render your road comparatively
independent of tint through
traffic, which often has to be; carried at non-remunerative ra’es. The
local freights upon the two divisions of-the main line for the
past two
years were:
188 2-83.
1881-82,
Increase.
Northwestern Division
Total

*505,051

*455,933

104,5*90

*109,718

91.104

70,432

*730,247

*550,097

*180,150

“

This increase has been attained partially by the encouragement of
The location of blast furnaces, mills and factories along the line and at
Nashville, but most of tin* increase may be accounted for by tin* bounti¬
ful crops of 1882 throughout the country traversed by your road.”
Income ami expenditures for four years ending June 30 were as follows
INCOME ACCOUNT.

Gross
Net

earnings
Receipts—

Net earnings

1880-81.

1881-82.

1882-83.

2,099,155

2,250,ISO

2,074J383

2,283,523

878.009

1,000,175

833,592
39,000

1,008,608
77,217

914,407

1,878,184

872,598

*
475,320
232,020
54,005
110,500

L,085,915

*
541,514

•*
583,577
300,104

050,972

914,407

Bonds sold, A c
Total income
Disbursemen Is—
Interest on debt A taxes.
Dividends
Extensions
New equipment, Ac
.

Improvement of track...

........

Real estate
Other improvements
N. West. Div. improvem't

surp. or

........

2,432
359,551
352,310
40,098
248,031

deficit,

104,405

975.118 2,096,109
923,430
755,437
def. 9,029 sur903,006 *1,223,571 sur 330,478

GENERAL BALANCE AT END OF EACH FISCAL YEAR.

1879-SO.
1880-31.
1881-82.
IS82-83.
Assets—
*
*
*
*
Road and outfit.
14,360,899 14,932,355 15,711,489 10,194,823
Assets not available
] 92,02 t
178,593
439,353
352,870
Inv’tm’ts in st’ks A bonds
419,050
300,150
380,040
472,590
Bills receivable
30,234
20. 4*3
7,187
8,387
Real estate
8 4,246
93,875
93,875
84,*04
Due from agents, Ac
129,249
121,940
80,428
190,988
-

303,101

418,590

410,530

325,000

Total

15,515,073 10,210,211 17,106,797 17,035,531
*
•*
*
*
Capital stock
0,848,899 6.070,331 0,670,331 6,070,331
Bonded debt
14,300,899 8,147,000 8,049,000 8,757,000
Profit and loss.
54 2,075
200,178
513,395
948,107
Bills pax’able
401.222
2 47,081
059,088
597,132
Bal’ce due individ’ls, Ac.
31,531
83,4 81
102,494
140,327
Iut’st coupons due July 1
212,3 L5
271,305
279,010
283,740
Dividends
14,2 48
13,981
03,014
15,082
Pax -rolls, Ac
53,034
So,757
75,005
66,250
Int’st on b’ds held bx' U. 8.
153,600
153,000
153,000
153,000
Miscellaneous
70,039
3,85)9
Liabilities—

Total




M. it S.
M. it N.

250,000
700,000
525,000

7

(?)
7
3
7
6 it 7
0
5

1,300,000
200,000
1,200,000
700,000

July 1, 1913
July 1, 1901
July 1, 1891

Jan. 1. 1917
J.
| Jan. 1, 1917
J.
1907 it 1923
M.
! Nov. 1, 1909
I).
Nashville.
I June 3, 1883
J. N. Y., Drexel, M. it Co.: July
1, 1900
O. Nasliv., 4th Nat. Bank.
Oct. 1, 1887

I A. it O.

2,4(10,000

N.Y., Bank of America.!
1885
!
Bridgeport, Conn.
July 15, 1883
Philadelphia, Co.’s office' Sept. 1, 1883
N. Y., 195 Broadwav.
N. Y. L. E. it W. RR.
N. Y., Union Trust Co.

\

Oct.

1,

1904

Sept., 1901

j Nov. 1. 1889

:J. it J. ;N.Y.,OfficeN.Y.L.E itWj Jan. 1,
1889
j Q.—J. i
Newcastle, Penn.
Oct., 1883
! Various N. Haven, Much. Bank.' 1888 it 1900
I
New Haven.
i
Oct., 1873
J. it J.
do
j .Tan., 1899
A. it O. N.IIaw.N.Tradesm’sBk Apr.l ’91 &’98
fA. it O.j
New Haven.
April, 1, 1909
....

j A. it O.

do

j April, 1911

-(V. 35, p. 90. 212, 321, 318,371,450, 517, 570, 003. 737; V. 30, p.
81,221, 340, 300, 454, 501,075; V. 37, p. 75, 175, 293, 321, 37 1.)

Nasliville A: Decatur.—Owns from Nashville, Tenn., to
Decatur,
Ala., 122 miles.
The road was leased May 4, 1871. to the Louisv. &
Nashv. RR. for 30 years from July 1, 1872, at a rental of 0 percent
per

tlie-stock. The. lessee assumed all the debt of the Nashx'ille
Decatur Co. Iu*1882-83, gross earnings, *1,031,231; net,

annum <>n

A

*380,207.

Natchez Jackson A Columbus.-Owns, completed

road from
Stock. *014,809.
Sec
re-port, V. 36, p. 420. as to new issue of bonds. Earnings for 1882,
*104,188; net, *40,417. (V. 35, n. 71, 339, 348, 487; V. 30, p. 313,
426.)

Natchez, Miss., to Jackson, Miss., 100 miles.

Naugatuck.—Owns from Naugatuck Junction to Winstcd, Conn.,
50*2 miles; leased. Watertown A Waterbury RE.. 4*2 miles; total oper¬
ated, 00 miles, 5 miles of New York New Haven iY Hartford
being used

between Naugatuck Junction and Bridgeport, lias no bonded or
floating
debt-. Operations nud earnings for three, years pas* were as follows:
gross earnings, *592,151;
net. *2 12.003: 1880-81, gross,

*014,410;
(\

.

3j,

net,

p.

*201,390

;

1881-82, gross, *714,898;

I.)

<> i

net, *223,784.

Nesqiieliouiiig Valley.—Owns from Nesquehoning Junction, Pa.,

to Tamciicnd. Pa., 17 miles;

Tunnel Branch, Haute, l'a., to Lunsford,
Opened in 1870, and was leased

Pa., 1 mile; total operated, 18 miles.

for 999 years to the Lehigh Coal A Navigation Co. at a lease rental
of
*130,000 perammm, but with an option for the lessees to terminate it
after 1878. In 1879 the lease was modilied so as to
pay 7 per cent a
year only, and the option to terminate was suspended till Sept. 1, 1884.

Nevada Central.—Owns from Battle Mountain to Ledlio, New, 86
miics; branch. Le.tlic, New, to Austin, New, 7 miles; total. 93 miles.
Stock, *1.000,000. There are‘*25O,O00 s per cent income bonds due
1930, which are held by the Union Pacific, as also *912,500 of the stock.
Gross earnings, 1882, *110,410; net, *13,731.

Newark A Hudson.—Owns from Bergen Junction to
Newark,
N. J., 6 miles.
Leased to New York Lake Erie. & Western at a rental
of *33,000 per annum, which pays interest on bonds and 7
percent
ou the stock of *250,000.
Cortlandt Parker, President,

Newark, N. J.

A:

Straitsville.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated
hy the Balt.
& Ohio, which pays 30 per cent of gross earnings, and advances
any
additional amount necessary to meet the. interest on the debt.
Capital
stock, common, *795,400, and preferred, *218,200. Gross earnings iu
*177,304; net, *41,548; delieit to lessee, *14,451. In 1881-2,
gross, *188,937 ; net, *13,078; deficit to lessee, *32,921.

Ncwbura Dutcliess A; Connecticut.—Owns from Dutchess June.,

N. Y., to Millerton, N. Y., 59 miles. The Dutcliess As Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬

In addition to above incomes, there are *150,000
1907.
In 1880-81, gross earnings *160,649;
delieit, *11.865. In 1881-82, gross, *184,990; delieit, *3,126. The com¬
mon stock is *172,000 and preferred stock
*715,350. John S. Selmltze,
President, Moore’s Mills, N. Y.
1st

Deficit.

Cash

N. Y.,Metropolitan N.Bk.
do
do
do
J..!
do
.

.!

Nov. 1. 18S3
1893 & 1900
Oct. 1, 1883
1881 to 1886

chasing bondholders.

50,931

Total disbursements.

Balance,

*

2i

180,041
25,021
20,144
195,798

Miscellaneous

*

N
Boston it Nashua.
A Bost., Chas. B. Brooks.
O ,|New York it Nashville

!.J. it J.
iM. it S.

Newark Somerset

1870-80.

A
&
A
A
it
A

it
it
it
it
it
it

M.
J.
J.
A.

800,000
1,104,500

1.000
50 ;
{
OSA70 500 Ac.
i
i
100 i
1,000 !
■ 1809
1,000 !
J 1870
1879
1,000 ]
I 1881
1,000

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

&*J.

178,000
174,400
27,500
2,000,000
1,300.000
750.000
250,000

100 !
50

1808

'

1,817,000

500

Nash ville Chattanooga & St, Louis. — Owns from
Chattanooga,
Tenn., to Hickman, Ky., 321 miles; branches—Wart race, Tcun., to

Chattanooga Division

1188709--0,,

1,000,000
500,000
398,000
300,000
173,000
05,000
1,042,557

1,000

;

'

6,070.331 I
120,000 1
0,170,000 i

1,000
1,000
1,000

Nashua A Lonell,-Owns from Lowell, Mass., to Nashua, N. If.’
15 miles; leased—Stony Brook Railroad, 13 miles; Wilton
Railroad,
10 miles;
Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with the Boston it Lowell till Oct. 1, 1878. On
October 1, 1880, a least* for 100 years to the Boston it Lowell was
made.. The company holds *300,000 cash, assets against the debt. The
rental is *00,000 pci- year, equal to 71*j per cent on stock, but,
including
other revenue, dividends are 8 per cent.

A

When i Where Parable, and bv * Storks— Last
Whom.
‘ | Dividend,

•'Pay able i

*800,000 I

1,000
1,000
1,000

,

27

Cent.

300.000 ;

''

j

9L
1879
5 ; 1871 !
12

,

Dcrbg— 1st Ai 2d mortgages

!

00 i
18 I

i

uur’raii<un^,

25

151

I

rwSJlSbiJKate 1>H

j

*100
’73-'S0;

!

j

Naugatuck—Stock

Bonds—Prinei

pal, When due.

'

54
....

j 55

Mortgage bonds, (for $600.000)

New Haven d
New Haven d

53

INTEREST OR DIVIDENDS.

Size, or
Par !

Road. Bonds Value,

2d mort
j * 321
1881
Bonds held by U. 8. Government
|
|
Bonds of N. C.A St. L., 1st mort. on two branches
88
1877 |
do
do
1st mort. on Lebanon Branch!
30
1877
do
do
for Jasper Branch
j
7^1 4877
Buck River RR., 2d mort., endorsed
|
18 j
j
Nashville tfi Decatur—Stock, guar’d 0 p. e. by L. A N.
122 |
!
1st mort. guar. s. f
i 119 ! 1870
2d mortgage, income
j 119 I 1807
Natchez Jackson <£• Columbus.—1st mortgage
...i
99;
I

Newhurg & New York—1st mortgage
New Castle d Beaver Yalleg—Stock

BONDS.

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

a

DESCRIPTION.
For

AND

15,515,013 10,210,211 17,100,797 17,035,534

mort.

7s,

due in

Ncwbura A: New York.—Owns from Vail’s Gate, Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5. 1866, to Erie
RR.. at *17,500 per annum, and operated now by New York Lake Erie
As Western.

New Castle A: Beaver Valley.—Owns from Homewood, Pa., to
New Castle, Pa., 15 miles. Road m operation since 1860. Leased to
Bittsb. Ft. W. As Chic. RR. for 99 years at a rental of 40 per cent on grosa
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879. 13 per cent di vidends were paid ; in 1880, 13 p. e.; in 1881. 24

p. o.; in 1882, 14 p.e. Gross earnings in 1881, *331,527: rental received,
*132,611; gross in 1382, *365,493 ; rental received, *140,197.

New Haven A:

Derby.—Owns from New Haven, Conn., to Ansonia,
Capital stock is *447,100. New Haven City guaran¬
tees the *225,000 second mortgage bonds.
Gross earnings in 1880-81,
*147,504; net, *48,208; in 1881-82, gross, *100,402; net, *78,389.
—(V. 35, p. 544.)
Conu., 13 miles.

New Haven A: Northampton.—Operated from Now Haven,
Conn., to North Adams,j'Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; i jarmineton Conn., to New Hartford,Conn., 14
miles; South’Deerfield to Turner’s Falls, 10 miles; to TarilFville, Conn.,
1 mile: leased—Holyoke A Westfield RR., 14 miles; total, 170 miles.
In April, 1881, a controlling interest in tin* stock was sold to New York
New Haven & Hartford parties,
Operations and earnings l’or three
past were as follows:
"

Years.

—(V. 34,

]).

202

—

”

'

Miles.

Passenger
Mileage.

144
144

5,044,750
5,612,000

;

V. 30,

8,726.851
p. 80.)

Freight (ton)
Gross
Net
Mileage.
Earnings. Earnings.
10,305,182
$094,506 $276,287
18,705,865
298,137
751,614
24,800,805
896,270
333,487

54

RAILROAD

Subscribers will confer

a

STOCKS

DESCRIPTION.

New

first page

of tables.

Jersey d: New York— 1st mort. (reorganization)

1st mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
N. r. & Canada— 1st M., sterling, guar. D.A II.
New York Central & Hudson Liver—Stock
Premium bonds (N. Y. Central) ext. 10 y’rs,
Renewal bonds
2d mortgage, sinking fund (Hudson River)

187-90.
-New

[Vol.

XXXVII.

30
78

mortgage] ^J^ooolooo } C0UP°n

ioo
100
ioo
121
113
903

Can.!

re£-{ j
($22,000,000 is pref.)i
or

2d mortgage

reg.j

i

Equip, bonds (principal payable $100,000 yearly)

N. Y. Citg d Northern—General mort
2d mortgage, for $2,000,000
New York d Greenwood Lake.—1st mort., income ..
2d mort., income
New l’ork d Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000)
N. Y. Lackawanna d Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered

2d mortgage, guaranteed (for $5.000,000)

(.

.

.

810
840
521
513
513
*

62

’*40

or

Amount

Par
Value.

Outstanding

$275,000

000
1,000
100
100 Ac.
500 Ac.
1,000
£100 Ac
100
500 Ac.

1,449,000
200,000

0
0
7

1,500,000

1%

.

1805
1872
1880
1874

812,000

4,000,000
89,428,300
6,032,300
2,391,000
1,422,900
27,405,000
9,733,333

1,000

i,6*o‘o

1873
1873

1,000
1,000

1883

1,000

1882
1880
1881
1875

j

J

50.000,000
15,000,000

0 g.
0
7
0
0
7

10,000,000
4,000,000
3,697,000
(!)

1,000
500 Ac.
100 Ac.

900,000
1,800,000

50
50

8,500,000

7
4
4
7

1*4

187^2

1,000

1.500,000
11,100,000

100

10,000,000

200

1880

1,000

12,000,000

200

1883 i

i,ooo

3,0u0,000

1

7

When

Payable

Where

pal,When Due.

Payable, and hy Stocks—Last
Whom.

Dividend.

M A N. N.Y., Mercantile Tr. Co.
J.- A J. N. Y., Cent,of N.J.Office
J. A D.
New York.
New London, Office.
Q.-J.
A. A O. N. Y., B’k of N. America
J. A D.
do
do
do
do
J. A J.
M. A N.
London, Baring Bros.

Q.-J.
M.
J.
J.
J.
J.

A
A
A
A
A

N.
D.
D.
J
J.

1910

July 15, 1899
Dec. 1, 1899
Oct. 2. 1883

Sept., 1885
July, 1892
July, 1910
May I. 1904
Oct.

N.Y., Gr. Central Depot.
do
do
do
do
do
do
do
do
London.

15, 1883

May 1, 1893
Dec. 15,1887
June, 1885
Jan. 1, 1903
Jan. 1, 1903

"

100
1881

0
7
5
0 g.
2
5
6
7

300,000

387,500

100 Ac.
132
132
132
211

Rate per
Cent.

$500Ac.

1853
1854

’83..

N. Y. Chicago & St. L—Stock
1st mortgage, gold (for $15,000,000) coup, or

1880
1879
1809

Size,

Ronds—Princi¬

INTEREST OR DIVIDENDS.

c

Miles
Date
of
of
Road. Bonds

N. J. Southern—1st mort. (int. guar, by N.Y. A L.B.)
Long Branch A Sea Shore. 1st mort.. guar
New London Northern—Stock

'

BONDS

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

For explanation of column Readings, Ac., see notes
on

AND

o g.

J.
M.
.T.
M.

A D.iN. Y.,M«*trop’tanN.Bk.
A S. N.Y., Union Trust Co.
A J. N. Y., Metrop’tan N. Blc.
A N. N. X., Company’s Office.

F.
M.
J.
J.
M.

A
A
A
A
A

Dee. 1. 1921
Mar. 1, 1923
1885 to ’94

May 1. 1910
1911

A. New York, Co.’s Office.
do
do
S.
J. N.Y., Gr. Central Depot.
J.
do
do
do
N.
do
N. Y. by D. L. A W.
Q.-J.
J. A J.
New York Agency.

•

•

July 2, 1883
July 2, 1883
May, 1900
Oct. 1, 1883
Jam

5

!

•

1, 1921
1923 '

:

i

r

!

J

New Jersey A; New York.—Owns from Hackensack, N. J., to depression after 1873, when fora time the Pennsylvania Railroad and
Stony Point, N. Y., 25 miles; leased. Nanuot it New City Bit. 0 miles; Baltimore A Ohio had suspended cash dividend, this company still paid
Hackensack lilt., 0 miles; total operated, 37 miles.
Org’ani/.ed Sept. 4, 8 per cent a year by means of its rich meal traffic and small liability
1874, by consolidation of the. Hackensack it New York K11. and the for rentals or interest. The- operating expenses have varied widely in
Hackensack it N. Y. Extension Railroad; Receiver appointed in 1877. I different years, and the profits depend very much upon harmony among
and the two roads were separately foreclosed. The present company was ' tin* trunk lines and maintenance of rates.
In the fiscal year 1881-82
formed on reorganization in April, 1880. Stock. $2,<><><►,0;>0 common,
the profits were insufficient to pay flu* 8 per cent dividends, and the
$800,000 preferred.
Cross earnings in
1880-81. $19-8.410; net, deficit was $1,401,008; but the dividends were kept up on fhe ground
$21,790. In 1881-82, gross earnings, $220,809; net, $35,003. V. L. that a surplus in other years warranted if. The large decline in the
stock in 1883 was partly owing to general depression, but more to the
Lary, President, Jersey’ City.
fact that the New York West Shore A Buffalo road, as a closely parallel
New Jersey Southern.—Tin* road extends from Port Monmouth,
Sandy Hook, to Atco, 70 miles, with branch fromEatontown to.Pt. Mon¬ line from New York to Buffalo, threatened to compete sharply for both
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see through and local business.
The’fiscal year ends September 30, but the company publishes no
Chronicle, V. 28, p. 352), and the present company was organized July
25,1879. The capital stock is.$1,590,(100. The property is subject to annual reports except, an abstract of the figures furnished to the New
$120,000 on the Tom’s River RR. and $200,000 on the Long Branch A York State Engineer.
Annual report for 18S1-2 was published in the Chronicle, V. 35, p. 73
Sea Shore Railroad.
This latter bond is endorsed by flu*. United
Companies of New Jersey. The above mortgage is for $1,590,000, of
REVENUE ACCOUNTS—1878 TO 1882—FIVE YEARS.
which $1,449,000 have interest guaranteed by the New York it Long
Year
Net Income, DivtBranch Railroad by endorsement of the bonds, and the Central of New
eiuling Passenger
over exp., dcuds,
Freight (ion)
Gross
Jersey agreed to assume those bonds. The road is now operated as a Sep. 30. Mileage.
Receipts, int. A rents, p.c. Surplus.
Mileage.
part of the Central New Jersey system.
1878.300,302,140 2,042,755,132 $28,910,555 $»,038,445 8
$898,917
New Loudon Northern.—Owns from New London, Conn., to
1879.290,953,253 2,295,825,387 28,390,583 7,594,485 8
454,957
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and 1880.330,802,223 2,525,139,145 33,175,913 10,509,219 8 3,427,736
1881.373,708,980 2,010,814,098 32,348.395 7,892.827 8
others. This road has been operated since Dec. 1, 1871, under lease to
754,484
the Central Vermont Railroad; the lease was for 20 years at $150,000
1882.432,243,282
2,394,799,310 30,028,781 5,743,904 8 *1,401,008
*
Deficit.
per year, and $15,000 for each additional $100,000 of earnings over
$510,000 per year. Consolidated mortgage bonds issued to retire all -(V. 35, p. 545, 720, 734; V. 30, p. 280, 340, 530; V. 37, p. 48.)
other funded and floating debt and to pay for branch recently pur¬
New York Chicago A; St. Louis.—Buffalo, N. Y., to Grand
chased from Vermont A Massachusetts RR. Operations afnd earnings
Chicago (leased), 7
for four years past were as follows, and in 1881-82 the expenses include Crossing, III., 514 miles; Grand Crossing to
This company was formed in 1881, and
miles; total, 521 miles.
$94,000 expended for steel rails:
became
familiarly known as the “Nickel Plate.”
Of the stock
Div
Net
Passenger
Freight (ton)
Gross
$22,000,000 is preferred 0 per cent. The “ subscriptions” to the bonds
Years.
Miles.
Mileage.
Mileage.
Income.
Earnings.
p.c.
of the company were on the basis of $13,333 cash, for which were
100
3,927,511
12,637,957
$470,102
$159,484
G
given $10,000 in 1st mortgage bonds, 200 shares of preferred and 200
100
0,144,189
591.340
18,975,290
.179,030
0
slmres of common stock, making $50,000 in ail.
In Oct.. 1882, the sale
100
0,415,412
19,318,243
011,043
197,717
0
of a majority of the stock to a syndicate' took place, including 124,800
1881-82
1( 0
7,207,081
20,421,443
0
587,384
08,072
shares of common stock and 140,500 preferred, at the respective prices
New York A; Canada.—Owns from Whitehall, N. Y., to Rouse’s
(as rc porte 1) of 17 and 37. The L ike Shore A Mieli. So. purchased it, and
Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Lake George, in 1883 $0,500,000 Lake Shore consol, bonds were.issued to pay for
N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West
tin* stock, which is held by the Lake Shore A Michigan Southern Co.
Chazy to Province line, 13 miles; total operated, 150 miles. The whole The annual interest charge* including that on the-second mortgage, is
line was completed Sept. 18, 1870. The road is leased and virtually $1,780,000. The (Irst returns,ever made were to June 30, 188:1, and for
owned by the Delaware A Hudson Canal Company, which guarantees the the. nine months, Oct,, L8s2, to
July 1, 1 s83, gross earnings were
bonds.
The stock is $4,000,000. Earnings in 1880-81 were $054,519; $1.045.510, net. $119,971.
(V. 35. p. 23, 230, 2 19, 205, 200,405,479
net, $217,414; deficit to lessee, $15,517.
In 1881-82, gross earnings, 487, 517, 540, 57(5, 058; V. 3(5, p. 140,312, 427, 731; V. 37, p. 23.)
t
$705,550; nrt, $195,131; loss to lessees, $41,303.
New York City A: Northern.—.Owns from 157th Street In 8th
New York Central A: Hudson.—Line ok Road.—Owns from
Avenue, New York City (connecting with Metropolitan Elevated), to
New York city to Buffalo, N. Y., 442 miles; brunches on New York
Brewsters, N. Y,, and branch, 54 miles. This company was organized
Central division, 298 miles;
total owned, 748 miles; lines leased— March 1. 1878, and acquired the N. Y. West. A Putnam (formerly the
Troy & Greeenbush, 0 miles; Niagara Bridge A Canandaigua, 98 miles; X. X. A Boston Railroad), sold in foreclosure March, 187(5. The com¬
Spuyten Duyvil A Port Morris, 0 miles; New York A Harlem, 127 miles; pany in May, 1880, leased the West Side A Yonkers road for 999 years,
Lake Mahopae, 7 miles; total, 245 miles; grand total, 993 miles. The and the consolidated mortgage was issued to take
up all the other bonds,
second track owned is 508 miles; third track, 317 miles; fourth track. of which $274,000
under a prior mortgage were outstanding Nov. 1,
298 miles; turnouts, 539 miles—making a total of 2r,057 miles of track
1881. Stock is $2,990,000.
Default was made in interest due May 1,
owned by the company.
1882, atul foreclosure is. pending. See proposed plan of reorganization,
Organization, Ac.-This company was formed by a consolidation
V. 3(5, p. 300, 090.
Gross earnings in 1881-82, $237,004; net loss,
of tlie New York Central and the Hudson River railroads Octobei
$71,ill. (V. 35, p. 132, 321, 374; V. 30, p. 102, 3<J0, 099; V. 37, p. 342.)
T, 1809. The. New York Central was a consolidation of seveial roads
New York A’. Greenwood Lake.—Owns from. Jersey City, N. J.
under a special law of April 2, 1853. The Albany A Schenectady Rail¬
to Greenwood Lake, -18
miles; branches — Ringwood Junction to
road, opened September 12, 1831, as tin* Mohawk A Hudson, was the
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
first railroad built in the State of New York, The Hudson River Rail¬
miles.
This was the Montclair Railroad, opened in 1S74. It was sold
road was chartered May 12, 1840. and road opened October, 1851. The
and reorganized as Montclair A Greenwood Lake, and again sold
Athens Branch (Saratoga A Hudson River) was leased in Nov., 1881,
October 12, 1878, and the present company organized. The New York
for 475 years to the New York West Shore & Buffalo, and the rental for
Lake Erie A Western purchased a controlling interest iu the property
whole period commuted for $100,000.
and now operate it. The holders of the second mortgage bonds have
Stock and Bonds.—The famous scrip dividend of 80 percent on flu*
a right to pay off the first mortgage bonds of $900,000 at 105, and thus
capital stock of the New York Central was made in December, 1S08.
gain control of the property. The stock is $100,000; advances due to
and on the consolidation with the Hudson River road (Nov. 1, 18091 a
the Erie $101,629 ; to Cooper A Hewitt$10,197. In 1881 the net deficit
further dividend of 27 per cent was distributed on flu* New York
on operations was $41,003; not earnings in 1SS2 $20,411.
Abram S.
Centra! stock and 85 per cent on the Hudson River stock.
In Nov¬
Hewitt, President. (V. 30, p. 613 ; V. 37, p. 151.)
ember, 1879, 250,000 shares ($25,000,000) were sold to-a syndicate
New York A: Harlem.—Owns from New York City to Chatham.
of bankers by Mr. W .II. Vanderbilt at the price of 120, and'100.000
N.
127 miles. From Chatham to Albany, 24 miles, the Bost. A Alb.
shares more afterwards. Dividends of 8 per cent per annum has been
This company owns 5% miles of street railroad—the
paid since 1808. Prices of stock since 1870 have been: In 1871, 84% RR. is used.
'@10358; in 1872. 89@10178; in 1873. 7778@10G%; in 1874. 957r@ Fourth Avenue line. The property (except the horse railroad) was leased
1055%; in 1875. 1002)107%; in 1870. 96@117%; in 1877, 854© 109%; April 1, 1873, for 401 years, to the N. Y. Central A Hudson River RR.,
1878, 10334@115; in 1879, 112@139 ; in 1880, 122@15;V%; in 1881, at a yearly rental from the lessee of 8 per cent dividends on the stock and
130i4,@155; in 1S82, 123*%@138; in 1883 to last Saturday, 11238® tlie interest on the bonds. The Fourth avenue horse railroad, together
with valuable real estate, was retained by this company, and extra
129%.
The mortgage for $40,000,000 was issued to lay the third and fourth dividends are paid out of the receipts therefrom annually m April. All
tracks, with a sufficient balance retained by the company to retire all operations of the main road are included with those of the New York
..

..

..

per cent bonds falling due in’1883 were extended
J>rior10bonds.
The
6 cent.
years at
5 per
or

Operations, Finances. Ac.—The Now York Central & Hudson River
has been conspicuous in its operations among the trunk lines, and the
policy of the company has differed from the others m some respects,
particularly in not branching out and taking leases of lateral roads or
extensions, but in placing a heavy outlay of capital on the main line
-Xrow Buffalo to Albany for the four tracks.
During the period of




Central A Hudson.

New York Lackawanna Sc 'Western.- From Binghamton to
Buffalo and International Bridge, 211 utiles, built under the auspices of
Del. Lack. A West. Opened Oct., 1882, aud leased to Del. Lack. & West,
for 99 years, with a guaranty of the bonds and 5 p. c. y carle on the stock.
The latter guaranty is written across tne face of the certificates and signed

by tlie D. L. A W. officials.

252; V. 37, p. 68.)

(V. 35, p. 22, 71, 95. 266, 373, 405; V. 36, p.

.RAILROAD

October, 1883.]
Subscribers will confer

STOCKS

AND

BONDS

Miles

explanation of column headings, .fee.,
on

see notes

8ize,
,

1,060

Preferred stock

(extended in 1867 to 1897)
convertible (extended in 1879)
3d more, (extended 40 years at 4^ p. ct)

1847
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878

4th mort., conv. (extended in 1880 at 5 per cent)
5th mortgage, convertible

Buffalo Branch Bonds

Long Dock Co. mortgage
1st consolidated mortgage, gold
do

funded coupon

bonds

Reorganization 1st lien bonds, gold

.

N. Y. L. E. A W., 2d consol, mort., gold
do
income bonds (non-cum.)
Trust bonds, with collaterals
New Yor/c <£• Lone/ Branch—Stock

rcg.

*

Harlem A: Portcliester. 1st mortgage guaranteed.
do
do
2d mort., coup, or rcg
Hew Ynrl: Ontario d- Western—Preferred stock

188*3

12
12

1873
1881

Trustees” in London, who shall vote on them until the dividend on
the preferred stock (6 per cent) has been paid for three consecutive
years (Sec V. 36, p. 1).
The terms of leases will be found under the names of the respective
leased roads.
Stock and Bonds.—Preferred stock has a prior right to 6 per cent
('non-eunnilative' from the net profits, “as declared by the board of
was

decided by the U. S. Circuit Court

that wh«*n sulticient earnings wore shown the dividend must he paid.
There have been paid on the preferred stock since reorganization
dividends of 6 per cent each for tin* years ending Sept. 30, 1881 and
1882. Prices of stock since June, 1878. have been as follows: Com
moil—In 1878, 7***7 2210; p, is7q, 21^^49; in 1880, 30*7/51 ig; in 1881.
3934*?527*; in 1882, 33>i<i 13:U ; in 1883 to last Saturday, 27l‘j«4o7s.
Preferred—Tn 1878, 21 Rj q itS ; in 1879, 37 k> « 7* •*: in 1880, 47 774*3 ig;
in 1881, SO>o774*61*2; in 1882, 076881*; in 1SS3 to last Saturday, 72 77 S3.
The funded coupon bonds are secured by lien of consolidated

On the second mortgage and second funded coupon no
forceh sure can take place, till six successive coupons are in default,
but all of ore coupon must be paid before any part of a subsequent
mortgage.

coupon is pal*,
in lS"2the reorganization first lion bonds dated 1878
issued to procure money for laying double track west of Ilor
nellsville t<> complete the double !rack throughout.
These bonds rank
next to the lirst consolidated mortgage and its funded coupons.
In
1883 the collateral trust bonds were issued, amounting to $5,009,000.
were

(See V. 36, ]>. 22!.
Operations, Fin vn<t.s, Ac.—The income account for the past three
years has shown a considerable surplus over fixed charges, bur the
position of the company has so decidedly changed by the additional
outlay of capital, increase of charges, and acquisition of new properties,
(particularly the new lines in lss;{. that thefpast record furnishes little
guide for the future. The annual report for the year ending September
30, 1883, will be looked to with much interest. For nine months of the
fiscal year, October 1, 1882. to July 1. 1883, net earnings were
$4,603,413. against $1,601,053 in the same time of previous year.
The annual report for year ending Sept. 30, 1882, was published in
the Chronicle, V. 35, p. 635. The operations and earnings for four
years past were as follows:
Operations—
1878-79.
1879-89.
1330-81.
1831-82.
Passenger mileage.. .149,115,713 ISO,460,204 200,483,790 225,130.883
Rate p. pass. p. mile.
2*091 ets.
2*011 ets.
1*947 cts.
2*016 ets.
Freight (tons) mirge.1569222417 1721112095 1984394855 1954389710
Av. rate p. ton p.mile
0*780 cts.
0*836 cts.
0*805 cts.
0*746 cts
Earnings—
$
$
$
$
Passenger
3.118,914
3,682,951
4,041,267
4,384.510
Freight
12,233,481 14,391,115 15,992,275 14,642,128
Mail, expr’s,rents,Ac.
589,598
619,042
949,136
682,063
Total gross earn’gs. 15,942,023

18,693,108
11,643,925

20.715,605
13,256,230

19,975.774
13,088.093

4,767,324

7,049,183

7,459,375

6.887 681

70*09

62*29

64 00

65*50

Operating exp’nses 11,174,697
Net earnings
P. c. op. exp. to cam’s

PROFIT AND LOSS.

Credits—
Net earnings
Other receipts
Total credits




'

1880.

1881.

11887799--002.3

1882.

$7,049,183
733,957

$7,459,375
844,306

$6,887,681
780,654

$7,833,140

$8,303,681

$7,668,335

M.
iM.
M.
A.

Where Payable, and by
,

.J.

g.
g.

g.
g-

J.
J.
M.
M.
M.
J.
T.
M.

N.
7

Stocks—Last
Dividend.

Bost.,Treasuier’s Oflice,

.r.
J.

N.Y., Grand Ceu. Depot,

do

6 t 7
4

Ac .).
Ac D.
A. tt O.i
J. it D.i

12

.

1, 1897

Sept. 1, 1910
Mar. 1, 1923Oct. 1, 1920June 1. 1888

July 1, 1891.
Jan., 1893
Sept. 1, 1920
Sept,
Dec.
Dec.
June
Nov.

1, 1920

1, 1908
1. 1969

1, 1977

1, 1922

do

do
do
do

do
do

do

j

Jan., 1905
Aug. 1, 1902
1882-92
1882-92

July 2, 1883
June 1, 1903
*
1903
June 1. 1911
March 1, 1883

!

-

1880.

$216,318

Intercut on funded debt
Rung Dock Co. bonds.—inier’t

j Guaranteed interest
I Rentals of leased

lines
I Sus. Br. A* F .!•.*.)<*. RR.—rent.

1881.

3,063,872

$24 9,64 3
4,1 18.745

210.ono

215,000

Weehawken Docks—interest..

1882.

$215,108
4,316.369
210,000

64,453

64,453

64.453

131,928

86,914

662,952

689,8o2

25.701
11.327

50,908
794,361

17.901
4.279
94 1.496

| Paterson A:. Newark RR.—rent.

! Other expenses
rP<dal debits

Jan., 1883

May

Y., 119 Liberty St.

J. Ac
F. Ac

Debits—

i

pai,w uen tme.

Whom.

A N.
do
do
A 8.
do
do
A 8.
do
do
A O.
do
do
A D.
do
do
A J.
do
do
A D.
do
do
A S. New York and London.
A 8.
do
do
A N.
do
do
A D.
do
do
A D.
do
do
A N.
do
do

Pavonia ferries—expenses

;

\Bonds—Princi-

6

2,000,000

1.000,000
2,000,000
58,113,982

York

directors,” and in Jail., 1883, it

4
5
4

1,000

Lake ICrie A Western.—Link of Road.—This
operates a
s\ stem
of nearly l,9oo miles of railroad,
requiring a map to show plainly the ten itory occupied. From SuH'erns,
N. Y., to Dunkirk, N. Y., 430 mih*s: branches—Piermont. IS miles; New¬
burg. 18 miles: Buffalo. 60 miles: Erie International RR.. 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery it Erie RR.,
10 miles; Goshen Ac Dcekcrtown, 1.2 miles; Newburg Ac New York.
13 miles; Paterson Newark. Ar N. Y., 11 miles; Hawley Ar Ilonesdalo, 2 1
miles ; Jefferson RIl., 37 miles; Buf. Brad. Ar Pittsburg and extension. 66
miles; Butt'. X. V. it Erie, 140 miles; Suspension Bridge Ac Erie Junction.
23 miles; Bocliestf r Ar Genesseo. Valley. IS miles; A von Gen. it Mount
Morris, 17 miles; Paterson it Hudson, 15 miles; Paterson Ac Ram., 15
miles; Loekport Ac- Butfalo. 13 miles ; Bulfalo Ac Southwestern, 68 mih s;
controlled—Newark Ac Hudson, 6 miles; Weohawken New York Ac Port
Lee. 5 miles'; Northern of N. J., 25 miles ; total operated, 1,060 miles.
Oil May 1, 1883, began to operate the New York Pennsylvania Ac Ohio
under lease, 565 miles in all. including leases: and on May 14,18s3. i he
Chicago Ac Atlantic road was opened from Marion, Ohio (outlie New
York Pennsylvania it Ohio), to Chicago, 268 miles, and under control oi
N. Y. Lake Erie Ac West, gave a complete line from New York to Chicago.
Organization. Leases, Arc.—The New York & Erie RR. was chartered
April 24, 1832, and the State of New York loaned the company $3,000,000, and after financial difliculties the road was opened to Dunkirk, the
Western terminus, April 22,1851. The company defaulted and reor¬
ganization was made under the name of Erie Railway Co., June 25,
1861, the preferred stock being then issued for certain obligations. The
Erie Railway defaulted on its bonds in 1875, and was sold in foreclosure
under the second consolidated mortgage in 1878. The present com¬
Under the
pany was organized and took possession June 1, 1878.
plan of reorganization the common stock paid a cash assessment ( f $1
per share and preferred stock $2 per share. By the terms of the plan
one-lialf of the stock, both common and preferred, is issued to “ Voting
New

it

1,300,000
15,500,000
2,000,000

company

6

6

1,000

Payable

o

3,000,000
1,400,000

1,000Arc

g-

6
0

10,000,000

100

421
421

Common s'toclc

508,008

1,000
1,000

1*88*2

(for $5,000,000)

33,597,400
5,000.009
2,000,000
1.500,000
16,502,000

1876
1882

203
123

4*2
5
7
7
7
7
7
6
6

When

Yearly. N.Y., IS Cortlandt St.

7

3,704,628
2,500,000

1.000
500 «fcc.
300 etc.

1882

2d mortgage (for $5,000,000)
Car trust eerti icates
Debt for terminal properly
New lock New I tare it <£ Hart font—Stock

*6*

3,000,000
16.656,000

500 Are.

380
263

Rate per
Cent.

709,500
182,600

1,000
1,000

38

Mortgage bonds

Amount
Outstandim

500 Ac.
100 Ac.

1878
1882

N.Y. tf- N. England— Stock ($20,000,000 autli’rized)
1st mortgage, new ($0,000,000 are 7s)..

INTEREST OR DIVIDENDS.

or

Par
Value.

$100 $77,087,600
100
7,987,500
1,000
2,482,000
1,000
2,149,000
1,000
4,852,000
1,000
2,926,000

1,060

1st mortgage
2d mortgage,

Mortgage bonds,

Date

of
of
Road. Bonds.

first page of tables.

N. Y. Lake Erie <£ West.—Stock, common

do

f

great favor by giving Immediate notice of any error discovered in tbese
Tables.

a

DESCRIPTION.
For

55

755.955

18.296

892* i 98

$6,0 i2,5i9
$<», i Hi,2- 3
$6,501,093
Surplus income
$1.<90.620
$1.‘'*7,417
$1,166,642
—(V. 35. p. 51, 103, 160, 3 !8. 405, 430, 431. 617, 635. 03*, 763; V. 36, p.
| 2, 30, 81, 170, 208, 221,312, 310, 366, 427, 479, 561, 675; V. 37, p. 48,
v

294.3 13.)
New York A Long: Branch.—The following-named
companies
were consolidated on
December 21, 1.881: New York A Long Branch
RR., from Berth Amboy to Long Branch, 23 miles; New Egypt. A; Farmingdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt, 3; New York At
Long
Branch Extension RR., from Sea Girt to Point
Pleasant, 3 ; Long
Branch A Barnegat Bay RR., from Point Pleasant to Bay Head,
1;
total length, 38 miles.
The Central RR. of New Jersey holds a ma¬
jority of the stock, and by contract of Jan. 3, 1882, the Pennsylvania
Railroad and Central of New Jersey agree to pay 32 per cent of
gross
traflic—$206,000 pel* year as a minimum to $240,000 as :i maximum.
When the Philadelphia At Reading leased the Central of New
Jersey,

litigation

of this

was begun to deprive the Pennsylvania Railroad of further
route, ami the suit is yet pending. (V. 37, p. 343.)

use

New Y'ork A: New linsland.—The mileage owned is as fol¬
Boston to Hopewell Junction, 215 miles; Wieopee to Newburg, 3
miles; Providence to Willimantie, 58 miles; branches—Brookline, Mass.,
lows:

Woonsocket, R. I., 34 miles; 10. Thompson, Conn., to Southbridge,
Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles;
Charles R. to Ridge Hill, Mass., 2 miles; Dorrauee Street, in Providence,
1 mile; total owned, 333 miles.
Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to 10. Hartford. Ac., 34
miles; Norwich A Worcester RR., 66miles; total leased, 119miles; also
has running arrangements ovm* 26 miles more
Total, 478 miles.
to

The-former Boston Hartford A Erie Railroad became insolvent and was
succeeded by this company,, formed in 1873. The Boston Hartford &
Erie’s principal debt was the Bcrdcll mortgage for $20,000,000, which
was made exchangeable into the stock of this
present company, and on

Sept. 30, 1S82, $3,498,000 yet remained to he exchanged. In 1878-9
the company acquired the Hartford Providence A Fishkill Railroad by
the payment of its bonds. On Sept. 30, 1882, there was $1,734,432 of
floating debt. In June, 1882, $5,000,000 new bonds were authorized,
and stock owned by the State of Massachusetts was sold to the stock¬
holders at 50 per cent, while the second mortgage bonds to the amount

of

$1,737,000 were issued to the State, of Massachusetts.
Much was expected from the completion of the line to Fishkill on the
Hudson and 1 lit* transfer of through freight therefrom the Erie and *
Wes: Shore roads, but in 1833, although the business was considerable,
operating expenses were so have as to reduce ml earnings below
1881-82. The opera! ions of the Norwich A Worcester road are, kept,
Sec annual report for year ending Sept. 30, 1882, in V. 35,
Operations, Ac., lor three years past were:

separate.
p.

656.

Passenger

Net
Earning#.
41,702,072
$771,985
325
40,738,500
850,876
LSSl-82
380
55,853,672
943,173
—( V. 35, p.79, 101,212. 293„ 318, 570, 656; V. 30, p. 80,510.)
Years.

Miles.
293

Mileage.

Freight (ton)
Gross
Mileage.
Earning*:
43.078,700 $2,324,940
01,502.805
2,092,374
103.668,053
3.302,789

New York New Haven A Hartford.—Owns from Harlem June.,
N. V., to Springfield, Mass., 123 miles; branches to New Britain, Middletown

andSullield, 18 miles; leased—Harlem A l’ortehester lilt., 12 miles;

Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation Julv 24, 1872, of the N. Y. A New Haven and the Hartf. A N. H„
railroads. "The company uses the N. V. A liar. RR. from Williamsbridgo
into N. 57 City and pays a large rent therefor.
The company leases the
liar. Riv. A "Port. RR. and guarantees the bonds.
In Nov.. 1882, the
lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an
num on

tin* preferred stock wasjnade.

In Sept.. 1882, the stock of the

Hart. A Conn. Val. road was purchased, hi April, 1881, a controlling in¬
terest was bought in the N. Haven A Northampton RR. stock, l»y parties
in Die interest of this company. In 1883 the mortgage for $5,000,000 at
4 per cent was authorized, to he issued as required in making improve¬
ments on the main line.
Fiscal yearemls September 30. Operations in 1881-82 as below include
for the first time the Shore Line road; gross receipts from all sourceea
and net income over rentals and all charges, have been as follows:
Passenger
Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Receipts.
Income, p. c.

$4,533,342 $2,729,250 10
3,436,435
5,292,624
10*
6,159,829
4.168,637 lO
(V. 35, p. 21,297, 298,517,602; V. 36, p. 28, 81, 170,304,510,611,731.)
New York Ontario A: Western.—Owns from Oswego, N. Y., to
Middletown, N. Y., 249 miles; branches to Courtland, N. Y.,48 miles;
to New Berlin, 22 miles; to Delhi, 17 miles; to Ellenville, 8 milesr
152
153

125,300,345
78.372,806
152.730,090 108,611.607
185,261,407 117.459,231

BAILROAD

56

STOCKS

BONDS

AND

[Voi, XXXVII.

25:

Subscribers will confer

a

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

DESCRIPTION.

Miles

For explanation of column headings, Ac., see notes
on

lirst page

of tables.

Heic Tor/: Penn. <£- Ohio—Prior lien bonds,gold,$A£
1st mort., gold, incomes till July, 1895, $ A £...
2d mortgage, incomes, $ A £
3d mortgage, incomes, $ A £
AM'. Pillsbury if; Chic — 1st M., gold ($18,000 p. m.)
If. T. Prop. <£ Boston—(Stonington)—Stock
First mortgage
1st mortgage
If lr. Susqueh.it• Western—New mort., gold
First mortgage. Midland of New Jersey
.

Mortgage, gold, on-Paterson Extension

187-902

Road.

427
400
400
400
....

72
50
12
114
72
....

Debenture bonds
N.Y. Tcx.it Jfex.—1st M..gold, 1. g. (for $8,000,000)
AM'. Ifrid Shore if; Bu ffalo—1st M.. gold, coup. A reg.
W. Shore A Out. Terminal Co., 1st M.. gold, guar.
Ar.lr. Woodhaven t£ Bockuwuy.— 1st mortgage
'.

Niagara Briilyc if; Canandaiyua

'Of

Stock

Norfolk if; Southern—1st mortgage, gold
2d mortgage, income (cumulative)

403
.

10
98
75
75

Sinking fund debenture certificates

1880
1880
1880
1880
1881

Size,

INTEREST OR DIVIDENDS.
or

Amount

Par
Value.

Outstanding

$500Ac.

$8,000,000

500 Ac.
500 Ac.
500 Ac.

38,371,000
14,500,000
50,000,000
CO

500 Ac.
100

1809
1881
1881
1880
1881
1882
1882
1881
1883
1882

1880
1881
1881

-

503
428

berg.)

g.
g.
g.
g.

G g.
2

7
4

1,000
500 Ac.

2,500,000
3,500,000

G A 5

1,000

250,000

500 Ac.
500

000.00 >

1,000Ae
l.OOOAc

3,090,000
50,000,000
(0
000,000
1,000,000

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

1.000
1,000

81
133
133

180S1800

1,000

133

1800

1*00

G
7
5
5

1,000
1,000

1881
1882

80

» T

Rate per
Cent.

3,000,000
1,000,000
300,000

'

....

900,000

503

Norfolk it- Wcsle> a.—Common stock

Preferred (G per cent) stock
General mortgage, gold (for $11,000,000)
1st M.,gold, on New Kiw div, (cp., but may
Car trust
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
do
3d
do

Date
of
Bonds

1,000
200 Ac.

1,009,000
250,000
7,000,000
15.000,000
0,500,000
2,000.000
552,400
490,000
703,000
581,300

0

0
(5
o g.
5 g.
5 g.
0 g.
3
G g.
0
0

Where Payable, and by
Whom.
Payable

M.
J.
M.
M.
J.

11CJL1

17ILU

Stocks—Last
Dividend.

A
A
A
A
A

S. London and New York. March 1, 1895
J.
do
do
July 1, 1905
N.
do
do
May 1, 1910
N.
do •
do
Nov., 1915
J.
New York Agency'.
July 1, 1921
Q.-F. N. Y., M. Morgan’s Sons. Aug. 10, 1883
J. A J.
do
do
July 1, 1899
A. A O.
do
do
April 1, 1901
J. A J. N.Y., Central Trust Co. July 1, 1911
A. A O. N. Y., Nat. Park Bank.
April 1, 1910
J. A D.
N. Y., 93 Liberty St.
1911

Aug* 1. 1897

....

A.
I.
F.
J.

A O.
A J.
A A.
A J.
A. A O.
M. A 8.

New York A London.
New Y ora or London.
do
do
N. Y., Fisk A Hatch.

Get.

Oct.

New York.
'

Yearly.
A. A O.

X,

1,

1912

July', 1931
Aug. 1, 1923
Jan. 1, 1902

Y., Dominick & P.

1, 1883

Sept. 1,
Jan.
Oct.

-192CP

1, 1970

1, 1892

*

1
0 g.
G g.

i

Q.—Mel)

•

M. A N. N. Y. and Philadelphia.
A. A O. N. Y., 34 Pine Street.

Dee. 15,1882

May 1, 1931

April 1, 1932:

M’ntldy
8
8
G
6

452,800

j 200 Ac.

When

J.
J.
J.
j.

A

J. N.Y., Union Nat. Bank. July 1, 1893
J.
N. Y.. Nat. Park bk.
Jan. 1, ’84-’90
A J.
Jan. l.’84-’90
Petersburg, Ya.
& j.
do
do
Jail. 1,’96-1900
A

i

leased—Middletown to Cornwall and thence to Weehawken, 77 miles; a consolidation in June, 1881, of the Midland of New Jersey', the Pater
son Exten>ion, the-Nortli Jersey , the Pennsylvania Midland and the Mid
total operated, 421 miles.
This was the New York Sc Oswego Midland. Main line was opened
land Connecting railroads.
Stock, common, $13,000,000; preferred
!
July, 1871. Default was made in 1873. The main line was sold in fore¬ (cumulative 7 per cent), $8,000,000. The amounts of stock were reduced
closure November I t, 1870.
The present company was organized in 1882 from $20,000,000 com. and$10,000,000 pref., as first authorized.
January 22. 1880. From assessments about $10,000,000 was realized, ! The New Jersey Midland .junior sc .-unties were exchangeable into stock
the holders of lirst mortgage bonds taking new common stock without of this company' on eel-tain terms, and the status of the securities was
paying any assessment, and the holders of receivers’ eertiticates taking full.y stated in the ('iikomci.i;. Ma.v 12, 1*82.
(see V. 30, p. 530.)

The terms of reorganization forbid the placing of
ahead'of t hese stocks.
In September, 1 SSI, agreements were made with the New York West

new

a

preferred stock.

mort gage

file

_

company

being in

a new

position, its earnings in 1**2

are

hardly

criterion, the‘gross being then $725,957, and net $247,950. Refer¬
ences should be made to tlie annual report in V. 30, p. 588.
(V. 35, p.
a

Shore & buffalo road. The stockholders of record August 5,18^2, had
;
p.
|
p.
the privilege of taking $10,000,000 of the lirst mortgage 5 per cent
bonds of the New York West Shore & buffalo Railroad on paying 50 per !
Aew York Texas Sc Mexican. - Line projected from Rosenburg
July, 1882, 92 miles in.
cent in cash, as these bonds had been received by 1 lie. New York (>ntario Munition, Texas, to brownsville, 350 miles.
& Western for building tin* road between Middletown. Cornwall and I operation. Mortgage $22,350 per mile, covering "),120 acres of land
!
Woohinwkt n. (See terms of alliance with the New York West Shore A; (so far as obtained), i ; H the grant, which is 10.240 acres per mile.
buffalo below under titie' of that company).
The annual report for | stock, $2,000,000. See V. 30, p. 479. (V. 31, p. 575 ; V. 35, p. 22, 101,
1881-82 was published in the, Cmioxin.i:, V. 3G. p. 250. Preferred 570; V. 30, p. 479.)
stork to receive 0 per ci lit (lion-cumulative) from net earnings; surplus
New York
West Shore Sc Biiffalo.-bSVi; May.)—This was
In March, 183 b dividends for two years were paid on a consolidation in July, 18*1, of the New York West Shore A buffalo,
goes to common.

1*9, 213, 291, 431, 517; V. 30,

preferred stock.

In

1**3 and subsequently' ihe rental due New York

West Shore A buffalo will be $500,000*per year, less the accounting for
use of track of that company.
In 1*80-81 gross earnings $025,044; net,
$217,543. In 1*81-82, gross, $1,030,504; net, $188,201. (V. 35, p.

132, 101,212; V. 30, p. 250.)

Nciv York IVnit*ylvanla Sc Oliio.—Owi.s from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—Meajlville, Pa., to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned,
423 miles. Leased lines—Clove. & Mahon. RR., Cleveland, O., to Pa. lane,
and branch, 81 miles; Niles it New Lisbon RR., Niles to New Lisbon. 30

miles; Liberty A Vienna RR,, Vienna Junction to Vienna, * miles; Ohio
Xine to Sharon, Pa., 2 mile; Sharon R’y, and extension. 17 miles; total
operated, 505 miles. Changed to standard gauge June, 1880. Formerly
Atlantic & Great Western Railway. Sold July 1, 1871, and leased to
Erie on May 1, 1874, but lease not carried out. Again in hands
of a Receiver Dec. 9, 1874. Sold Jan. 0, 1880, and reorganized by a
London committee of stock and bond holders. (See V. 30. p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not la* earned to be payable in deferred warrants, to la* capitalized
in bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until June 1, 1895, tin* right to foreclose
the mortgage is suspended. On January' 1,1882, tin* coupon on 1st
mortgage bond was passed. On the second and third mortgages there
ierno right to sue the company or to foreclose. The stock is—preferred
shares, $10,009,000: common shares, $35,000,000.
From May' 1, 18*3, leased to N. Y. Lake Erie A Western. The terms of
the contract provide that the New York Lake Erie A Western, as lessee,
shall pa.v the minimum sum of $!,757.055 yeaily (the net earnings of
1882); the.actual rental will be 32 per e.nt of all gross earnings up to
$0,000,000, and 50 per cent of all gross oarnings|above $0,000,u00,
until the average of the whole rental is raised to 35 jper cent, or until
the gross earnings are $7,2eO,000, and then 35 per cent of all earnings.
But if 32 per cent of tin; gross earnings should over be less than the
$1,757,055 to be paid yearly', then the deficit is to be made up without
interest out of the excess m any. subsequent-year. Out of the rental
paid, the N. Y. P. A O. has to pay' its interest and rentals, and for five
years a payment of $200,000 a year to the car trust.
The annual report in V. 30, p. 398, gave the gross earnings for 1882.
$5,831.0*2; net income. $J,0g8.0 1 t ; disbursement s. .y2,lil,09l. (V
35, p. 103, 373,517; V. 30, p. 252, 280,300, 398, 427; V. 37, p. 375.122.J
New York Pittsbuig Sc Chicago.—This was the projected line
from Red bank, l’a., to 1 hint ingron, 1 ml., and to Chicago, forming a west
eru connection for the Central of N. J.
The company' was building from
Wampum. Pa., to Marion, O., 105 miles, and the whole route was to ex¬
tend from New York City to Marion, O.
Henry Day', N. Y., is trustee
of the mortgage,; amt Gen. J. S. Negley, Pittsburg, is President.
Now

I.,

to

York

Providence A

Groton, Conu., 02 miles;

Boston.—Owns from Providence. R.

Warwick RR., 10 miles; operates also
Pawtuxct and Pontiac branch roads, 10 miles; total operated, 82 miles.
Owns a majority' interest iu the Providenee A 8tonington Slealnslnj
Line, which has a capital of $1,400,000. Operations and earnings for
four years past were :
Gross
Total net Div,
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Income.
Mileage.
learnings.
p. e.
03
19,377^410
11,407,971
8
$089,008
$318,050
71 ie
] 1,290,320
22,107.232
3 19,05)0
8
779,885

81, 530, 58 8 V. 37.

23.)

tin* Jersey City A Albany and the North River railroads.
It is building
line from Weehawken, N. J., to Athens, on the Hudson River (with
branch to Albany'), and thence to buffalo (425 miles), and connecting
with the road of the N. Y. Ontario A Western at Middletown, N. Y., by.a
branch from Cornwall on tlie Hudson, total length 472 miles.
The

also has a contract wit!i t in*. N. Y. Susquehanna A Western RR.
from Little Ferry, N.'.L, over t he tracks of that road to the
Pennsylvania RR. Depot in Jersey' City, t ins connecting wit h the latter.
InOcL, 1883. the whole line was open from Jersey City ioSyracuse, N.Y.

company
to run its

ears

The N. Y. Out aiio A Western -built from Weehawken to Cornwall amt
from Cornwall to Middletown for the X. Y. West Shore A buffalo, in

consideration of receiving $10,000,000 mortgage, bonds and $2,090,000
stock of the N.-Y. Wirst Shore A buffalo.
Then the N. Y. Ontario A
Western leases from the N.Y. West Shore A buffalo t he piece of road from
Middletown to Cornwall, and from Cornwall to Weehawken, for 99
years, at 25 per cent of the gross earnings per year, but guaranteeing
a minimum rental of $500,000.
This lease is subject to the right of the
N.Y. West Shore A buffalo to run over the road from Cornwall to

Weehawken, accounting to the X. Y. O. AW. for its pro rata share of
earnings. From Cornwall to Buffalo the North River Construction
Company is the builder.
'
The West Shore Road connects with the Suspension bridge at Niagara
the

Falls, and with the International bridge over the Niagara River, by
of the branches of the N. Y. Lake Erie A Western running to those

means

points, for the

use of which it has contracts.
The terminal property' on the Hudson River A Weehawken is very ex¬
tensive, embracing a water front of 0,790 teet, ami containing an area
of 440 acres, of which 200 acres below the bluff'are available for tracks,

This property' is owned by a company entitled
West. Shore A Ontario Terminal Co.,” embracing all the rights

buildings, piers, etc.
**Tlie

under different special charters, and it is leased jointly and separately' to
the two railroad companies, and one-hall' its stock is Held by each com¬
pany' (the total stock being $5,700,000), and the bonds ($12,000,000) are
guaranteed, principal and interest, by both of the. railroad companies.
The stock is $10,000,000 and 1st mortgage bonds $50,000,000, the U.
S. Trust Co. of New York being trustee. These bonds cover the load
and equipment, but not the Weehawken terminal property'.
December
1, 18*2, the Construction Company contracted witn Winslow, Lanier A
Co. and a syndicate they’organized, for a sale of lirst mortgage bonds

estimated to be sufficient to complete the read to buffalo, and of the
bo mis taken by'the. syndicate $10,145,000 were withdrawn from sale,

by agreement, until March 1,1881.

In August, 1*8.». a memorandum
given as follows:

of all the cash received for construction was

Ontario A Western reconstruction fund
Sale, to O. A W. stockholders of $10,000,000 bonds at 50,...
North River Construction Co. stock
No. Riv. Cons. Co. subs, to $15,000,000 W. S. bonds at par.

Winslow, Lanier A Co:’s contract

$10,000,000
5,000,000
10.090,000

15,000,000
15,000,000

Total.
$55,oOO,OCO
(V. 35, p. 200, 339, 538, 570, 577, 038 ; V. 34, p. 50, 190, 310, 497,
530, 591, 051; V. 37, p. 48, 151, 175, 234, 207, 294, 343, 375.)
-

New York YVoodliaven Sc

Koekaway,—Owns from Glendale
RoeLawny beach, 11 miles; leased—Glendale to
Lons' Island City. 0 miles; and to Bush wick Aver and Mat bush Ave., 10
miles; total operated, 20 miles. The stock is $1,900,000.
Income
bonds. 0 per cent, $1,000,000
A readjustment of the finances took
place, in 1882, and the new $000,000 tirst mortgage was issued, of
which $234,000 Is reserved to payoff a ear tru-t; and the $1,000,000
73
22,802,030
13.098,143
957,717
8
355,245
'incomes weie issued for the old mortgage bonds.' In 1*82 gross earnings
72
8
23,830,502
14,700,005 1,005,050 .375,079
were $105,032 ; net, $30,501.
—(V. 35, p. 050.)
Niagara Bridge Sc Canandaigua.—Owns from Canandaigua to
Now York Susquehanna Sc Western. —West End. N. J., to
Unionviile. N. Y., 72 miles; Two bridges, N. J., to Gravel Place, Pa., 50 Suspension bridge? N. Y., 98 miles. The road is leased in perpetuity
to the* New York Central A Hudson at $00,000 per annum.
miles; branches. 9 miles, leased I'liionville to Middletown. N. Y., 13
Norfolk <V Southern.—Formerly the, Elizabeth City A Norfolk.
miles; Lo li branch, 2 miles; total owned, leased and operated, 140 miles.
The New Jersey'Midland was built as a connecting line of the New Name changed Fell. ], 1**3. Owns from Norfolk, Va., to Edenton, N.
York A Oswego Midland, and went into receiver's hands March 30, C., 73 miles. Capital stock, $1,000,000.
(V. 30, p. 109.)
1875, and was sold in foreclosure Feb. 21.1SS0, and the Midland of
Norfolk A Western.—Owns from Norfolk, Ya.. to Petersburg*.
New Jersey was organized. The New York .Susquehanna- A Western was Va.,
81 miles; Petersburg, Ya., to Lynchburg, Ya.. 123 miles;.




..

..

.

Junction, L. L, to

'LO5RD7S.

RSAXAITLOCIK)D

183.]

October,




Subscribers will confer a great

explanation of column headings, Ac., see notes
on first page of tobies.

Norfolk <&. Western—(Continued)—
Virginia A Tennessee—Enlarged mortgage
do

do

BOKDS.

[Vol. XXXVII.

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

DESCRIPTION.

For

AND

STOCKS

EAILEOAD

58

214
214
223
223
223
76
88
56
56

4th mortgage

North Carolina—Stock, common
Preferred stock
1
Mortgage bonds
North Pacific Coast— 1st and 2d mortgages
North Pennsylvania—Stock., guar
1st mortgage
2a mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern (S. C.)— Stock, common
1st mortgage
2d mortgage

1854
1865

INTEREST OR DIVIDENDS.

Size, or
Par
Value.

Amount

Outstanding

....

’67-’68
1881
....

....

....

140
102
102

1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon

£—

112
47
322
138
138
138
138
138
138
138
138

83

m

.

.

•

•

7
7
3
6
8

322.000

1,000

(?)
3,148,000
1,023,000

50

6,500,000

....

.

1,500,000
1,490,000
1,126,000
2.599,000

....

1856
1865
1868
1868
1874
1876
1876

•

.

1,900

....

.

.

50
500
500

...

1869
1869
1883
1877
1S76
.

.

1,500,000
2,569,500
1,200,000
899,350
820,000

210,000
1,100,000
4,399,750

....

50
500 Ac.
500 Ac.

....

1.930.500

1,000,000
3,000,000
1,000,000

100
100
500

....

500 Ac.
500 Ac.

'

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

205,000

4,558,000
2,901,000
1,000,000
783,000
600,000

500 Ac.
500 Ac.
100

Rate per
Ccut.

6
8
3
3
8
6
2
6

$990,000

$1,000
1,000

1881

Consol, mort., gold (for $1,830,000)
Northei'n (Cal.)—1st mortgage
San Pablo A Tulare—1st mort
Northern Central—Stock

Consolidated mortgage, gold, registered
C onsol. general mort., gold, s. f., coup., $ or
2d general mort., “A,” coupon
do
“B.” coupon
Union RR.. 1st mortgage
do
2d mortgage, gold
Northei'n, N. It.—Stock

Miles
Date
of
of
Road. Bonds

3,068,400

When

Payable

J.
J.
M.
M.
M.
M.

&
&
&
&
&
A

6
6
4

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

A
A
A
A
A
A

6
6

J.

5
5
6
6 g.
3

July 1, 1884
Meh.

1, 1900
1883
1883
Nov., 1888
Nov. 1. 1901
Mar. 1,
Mar. 1,

Philadelphia Office.

Q.-F.
A J.
A N
A J.
A S.

6
6 £•
6 g.
6 g.

Stocks—Last
Dividend.

and by

J. N.Y., Union Nat. Bank.
do
J.
do
S. Company Shops, N. C.
S.
do
do
N.
do
’
do
N.

J.
M.
J.
M.

8
6 S-

Where Payable,
Whom.

do
do
do
do

S.
S.
J.
J.
O.
J.

do
do
do
do

Aug. 25, 1883
Jan.

1.

1885

May 1, 1896
1903

Charleston, Ollice.
do
do
do
do
Central Pacific RR.
do
do
Baltimore A Pliiladel.

Sept. 1, 1905
April 10, 1883
Sept. 1, 1899
Sept. 1. 1899
Jan. ,1, 1933
Jan. 1, 1907

April 1, 1908
J nly 15N 1883

Q,-J.

Annapolis.

Irreaeemable.

A
A
A
A
A
A
A
A
A
A

Baltimore.
Baltimore A Pliiladel.
Baltimore.
Baltimore A Phila.
London A Baltimore.
Baltimore.
do
Baltimore.
Loudon.

July, 1885
April, 1900
July 1. 1900
July 1, 1900

A.

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

J.
0.
J.
O,
J.
J
J.
J.
N.
D.

July 1, 1904
Jan. 1, 1926
Jan. 1, 1926

June

Boston, Office.

1900
1, 1883

«■.

yi

Lynchburg, Va.f to Bristol, 204 miles; branches—Petersb’gto City Point, Quentin, 4 miles ; total operated, 80 miles. Stock, $2,500,000. Earning
Gross in 1882, $358,199: net
Va., 10 miles; Junction to Saltville. Va., 10 miles. Total operated, 428 in 1881, $277,186: net, $68,994.
miles. Under construction,: New River Bridge to Pocahontas, Va., 75 $67,418.
miles [since completed]; Cripple Creek Branch, 00 miles.
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
The Atlantic Mississippi A Ohio RR. Co. was a consolidation of Nor¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansfolk & Petersburg, South Side and the Virginia A Tennessee roads, in all
dale to Doylestown, 10 miles; Iron Hill to Shimcrsvillc, 2 miles; total,
of which the State of Virginia had an interest for loans made to them.
Defaidt on the Atlantic Mississippi A Ohio consolidated bonds was made operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881, operated under contract. In May, 1879. was leased to Pliilu. A Reading
at o a)7 per cent on stock till 1883, and 8 per cent thereafter.
and was reorganized as the Norfolk A Western. In January, 1883,
common stock was increased by $4,000,000 to exchange for Shenan¬
Northeastern (S. €.)—Owns from Charleston, S. C., to Florence
doah Valley RR. stock, and a close working contract was m^de with
S. C., 102 miles.
Leased jointly, Lane, S. C., to Sumter, S.C., 3* miles
that Co. Of the general mortgage, $5,137,000 is reserved to take up
Total operated, 140 miles. This company lias earned the interest on its
prior liens. The status of the company is fully given, with details of bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
its working and new alliances, in the annual report. The dividends on
was authorized, of which $1,142,000 to be held to retire debts of prior
preferred stock were suspended in 1883 to pay otf floating debt. The
lien, and $694,000 issued for betterments, equipment, Ac. In 1880-81
interest charge on debt in 1882 was about $730,000.
The annual report for 1882 in V. 36, p. 193, stated that “ the earnings gross earnings were $ 184,760; net, $153,803; in 1881-2, gross, $560,229;
of the road, although in excess of the previous year, have born dimin¬ net, $206,146. (V. 35, p. 656.)
ished by two causes. First, the drought, which prevailed during a huge
Northern California. — Owns from Oakland to Martinez, 36
portion of the latter months of 1881, destroyed to a great extent the miles; Port Costa to Snisuu, 17 miles; Woodland to Willows. 65
agricultural products of the country tributary to your road and its con¬ miles; Willows to Tclmma, 36 miles: leased, San Pablo A Tulare RR.—
nections, and thus very largely diminished its revenue from that source. Martinez to Tracy City, 47 miles; total operated, 200 miles.
Com¬
This failure of the crops was felt during the entire season until the latter
pleted in 1878 and is leased to the Central Pacific till Jan. 1, 1885,
pari of the past year. Second, by insufficient equipment. The revenues at a rental of $47,500 per month for Northern and S. P. A T.
The
of the company would have been greatly increased after tin* opening of .Northern stock is $4,710,500. and San P. A T. stock, $1,861,000.
the autumn business had it possessed a more abundant supply of rolling W. V. Huntington, President. San Francisco.
, stock.” * * * “ Improvements of a permanent nature have-not only
Northern Central.—Owns from Baltimore. Md., to Sunbury, Pa.,
exhausted the ‘ Improvement and Construction ’ fund which was pro¬
vided, but have, caused an excess of expenditure amounting Nov. 30 to 138 miles; branch—Relay to Green Spring, 9 miles; leased—Shaiuokin
$195,433. Finding the need of money for this and oilier purposes, the VV'ley A; rcusville RR., 30 miles; Elmira & Williamsport Railroad, 76
company negotiated the $500,000 general mortgage bonds which had miles; operated ai cost—Chemung Railroad, 17 miles; Elmira Jefferson
been reserved, and in January, 1882, placed the proceeds in the treasury A Canandaigua RR’, 47 miles—315 miles; track of New York Lake Erie A
Western used 7 miles; total operated, 322 miles. This was a consolida¬
of the company.”
For eight months of 1883, gross earnings were $1,690,333;
net tion of several roads in Jan., 1855. Ihe terms of the several leases will
be found under the names of tile leased roads.
In April, 1882, pur¬
$737,741; against $1,438,655 gross and $601.823 net in 1882.
chased at par the stock of Union Railroad in Baltimore, $600,000,
The earnings and expenses for throe vears past were;
1882.
1880.
issi.
practically making'that road a pait of the Northern Central property,
Total gross earnings
$2,064,194
$2,267,289
$2,429,740 subject to its mortgages. The consolidated general mortgage (gold) of
Operating expenses
1,097,684
1,163,233
1,322,577 1874 was for $10,000,000 to retire all prior bonds. Under the 2d gen¬
eral mortgage of 1876 $1,000,000 more may be issued as Series C.
The business of the company depends to a considerable extent on coal
Net earnings
$966,510
$1,104,056
$1,107,163
For eight months of 1883. gross earnings were $4,000 110; net,
The income account for 1882 and the general balance at th'e close of tratlie.
$1,534,393 ; against $3,098,215 gross and $1,358,920 net in 1882.
1881 and 1882 were as follows:
The fiscal year ends December 31, ami tin* report for 1882 in the
1882.
Chronicle. V. 36, p. 219. had the following:
Li comparison with the
Net income (including $03,389 miscellaneous receipts)
$1,170,552 year 1881, there was an increase in gross ojirnings of $356,476, equal to
Disbursements—
6 55 per cent, and in expenses of $5 i,s77, or 1*45 per cent. The increase
Interest on debt
1
$729,359 in net earnings was $301,598, or IS 21 percent. In addition to the net
Dividends
600, uOO earnings ($1,957,852). there was received from dividends and interest,
$203,156; net royalty on coal mined (Shamokin Division), $80,812;
Total disbursements
$1,3-9,359 total net receipts, $2,241,822. The coal tonnage of the- main line in
Balance, deficit
* $158,807 1881 was 1,555,045 tons and in 1882, 1,736,190 tons. The aggregate
The surplus Dec. 31, 1881, was $530,590; deducting the deficit for movement of bituminoffs coal was 1.141,891 tons, an increase of 156,523 tons, principally from the Snow Slio.c and Blossburg regions. The
1882, leaves net. surplus Dec. 31, 1852, $371,783.
tonnage of both classes amounted to 3.218,002 tons, as against 2 900,GENERAL 1JA1.ANCK AT CLOSE OK EACH FISCAL YEAR.
707 for the preceding year, being an increase of 317,295 tons in the
actual aggregate of coal transported. The amount of grain transported
1882.
Assets—
1881.
Railroad, real estate, buildings, equipm’t, Ac. $28,805,138
$30,'677,197 shows a large, decrease as compared with the preceding year, due mainly
Stocks and bonds owned, cost
514,600
* 3,* 80,670 to the falling off in the foreign demand. There Avert* carried to Baltimore
Car trust
552,400 in 1882 10,332,853 bushels of grain ; in 1881, 17,911,677 ; a decrease of
Materials, fuel, Ac
88,015
239,760 7,578,824 bushels. The passenger business for the year shows a con¬
Cash on hand
238,028
327,722 tinued improvement, the passenger mileage increasing 6*S6 per cent, and
Other property and assets
106,214
267,332 the revenue received therefrom $77,235, or 9-55 percent. There was a
Current accounts
98,592
179,413 net profit per passenger per mile of 2*44 mills, as compared with a profit
*

$29,850,587

Total
liabilities—

Stock, common
Stock, preferred, paid in
Bills payable
Current accounts.
Interest payable
Lease warrants on
Miscellaneous

$3,000,000
15,000,000

$3,000,000
* 18,000,000

50,000

'617,091

150,348

243,103
552,400

10,778,600

Funded debt

740,094

rolling stock

93.057
538.488

Protit and loss

$35,92 4,494

12,778,600

331,517

371,783

$29,850,587 $35,92 4,191
$3,000,000 unissued preferred stock..
—(V. 35. p. 132, 182, 236, 374, 47*, 546, 638, 677, 763; V. 36, p. 56, 81,
108, 193, 252, 275, 366, 472, 591. 731; V. 37, p. 99, 235, 343.)
North Carolina.—Owns from Goldsboro to Charlotte. N. C.. 223 m.
Total liabilities

*

Includes

The property was leased Sept.
Railroad for 30 years at a rental
per cent arc paid on the stock, of

11, 1871, to the Richmond A Danville
of $260,000 per year. Dividends of 6

which the State of North Carolina holds
$3,000,.000, and the dividends thus received by the State arc applied to
her bonds issued to the North Carolina RR.

Nortli Pacific Coast.—Owns from Saueelito to Moscow Mills,
74 miles; branch to San Rafael, 2 miles; leased, San Rafael to




in 1881 of 1 *85 mills.
Income account for four years

Total gross earn’gs..
Total net income
Disbursements —
Rentals I’s’d lines, Ac*
Interest on debt
Dividends
Miscellaneous
Balt. A Potomac iut.

as

1880.

$
5,050,387

457.712

452.097
898,060

2,091,428

895,140

(2) 146.048
63.260

113.834

196,491
1,416,112

Balance, surplus...

179,166

*

follows:

$
4,107,949
1,595,308

Tot. disbursements

1,806,533
284,895

1881.

$

5,443,700
1,917,454

1882.

$
5,800,175

2,241,820

472,093

477,256

895,730

880,875

(6) 350,517 (7) 441,272
54,218
151,270
37,177

1,809,935
107,519

1,956,673
285,147

Includes rent of roads and interest on equipment.

-(V. 35, p. 236, 374. 4S7. 602, 763 ;
591.731 ; V. 37, p. 99, 202, 343.)

V. 36, p. 108, 219, 252, 366, 472,

Northern, New Hampshire.—Owns from Concord, N. II.. to West
Lebanon, N. H., 70 miles: branch, Franklin, N. II., to Bristol, N. II., 13
miles; total, 83 miles. For the fiscal year ending March 31, 1883,
gross

Cal.,
San

is

1879.

earnings were $583,627 ; net, $167,550. The only liabilities are
in coupon notes and a guaranty of $300,000 Concord A Clare¬
(V. 36, p. 560, 650, 675.)

$97,000

mont Railroad bonds.

rJ,,

KAILROAD

OCTOEER, 1883‘]
Subscribers will confer

a

Miles
of
Road.

-

first page

AND

BONDS.

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

DESCRIPTION.

on

STOCKS

of tables.

Date
of
Bonds

| Size, or 1j
Par

Value.

INTEREST OR DIVIDENDS.

Amount
j Outstanding
[

Rate per
Cent.

When

Where

Payable

—a

Payable, and by
Whom.

rinoi-

pal.When Due.
Mocks—Last
Dividend.

1

Northern of New Jersey—Stock.
1st mortgage, extended

26
21
21

2d mortgage

1878
1869

NorthernPacific—Pref. stock(3 p. c., not cuiu’tive). 2,365
Couiaion stock..
2,365
Mortgage and land grant bonds, Missouri Div.... ! 205
209
Mortgage and land gr. bonds, Pend d’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. in., coup, or reg.
i
2d mortgage (for $20,000,000)

1879
1879
1881
1883
1883

■

Northern. Pac. Terminal Co.—1st rnort., gold
Northwestern Ohio—Stock
Norwich & Worcester—Stock

79
66
66
118

New bonds, coupon

Ogdensburq d Lake Champlain—Stock
Sinking fund bonds
Mortgage bonds (redeemable July, 1300)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Ohio Central—1st mortgage gold
Income bonds (non-cumulative)
Terminal mortgage bonds
1st mort., Mineral Div

m

m

100

3,000,000
2,000,000
2,604,400

1,000

400,000

100

3,077,000

•

....

1870
1877
1880
1880
1880
1880
1880
1881
1881
1882
1882

118
118
....

200
200
200
26
26

Incomes,
do
1st mort., Riv. Div., gold, coup, or reg
do
gold, iuconics
Car trust certificates, No. 1
do
No. 2
Ohio d Mississippi—Stock, common
Preferred stock (7 p. e. yearly, cumulative)

m

1,000

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

!
|

600,000
1,403.610

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

998.650
3,000,000
3,000.000
600,000
300,000
300,000
7,000,000
3,700.000

'

6 g.

360,009

|

8

1880
i

615

1882 j

:

ioo

!

100

1
1

!
!

!

1,750,000
20,000,000 i
4,030,000 !

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

May 1, 1919
Sept. 1, 1919*
Jan. 1, 1921

Jan’y.

6 S-

371,000

Jan. 15, 1883

....

6

5
6
2
8
6
6
3 A
6
7
6
6
7
6

New York Ollioc.
J. A J. J. City, Hudson Co. B’k.
M. A S.
do
do
N. Y., Mills Building.
....

6
6
6 g.
6 g.

(!)
4,667,490

....

1877

Iliiocert

3,502,600
40,378,500

1,000Ac
1,000Ac

1883

....

....

4
6
7

100 Ac.!
163,000
100 Ac.
200,000
100
41,749,463
100
49,009.000
100 Ac.
2,388,600

....

....

Dividend certificates

$100 ! $1,000,000

6
g.

T.

A

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

A

A
A
A
A
A
A. A
J. A

N. Y., Mills
do
’
do
do
do

g.
g.
g.

.Vi j
341

do
do
do
do

J. N.Y., Winslow, L. A Co.

March, 1889

Jan. 1, 1888
Jan. 1, 1933

J. Boston, 2d National Bk. July 10, 1883
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Oltiee.
July 10 ,1876
S.
do
Mar., 1890
J.
do
1897
0.
do
April 1, 1920
O
do
April, 1920
J. N.Y.

Metropolitan N.Bk
do
do
do
do
do
do

....

J.
J.

Building.

In 1882

July. 1888

A

J.
& J.
L A J.
M. A S.
....

do
do
do
do
do
do

Jan.
Jan.

i,

1920

1, 1920
July l' 1920
July 1, 1924
July 1, 1921

March,*1922
Mar

M. A S.
M. A S

1, 1922

$10,000 p. yr.
10 p. e. yearly.

5

N.

Y., 52 William St.

Mar. 1,

1875

!
!

Northern of New

Jersey.—Owns from Bergen, N. J., 0
to Sparkili, N. Y., 21 miles; leased yparkill to Nyaek, 5 miles; tota
al operated, 20 miles. This road was opened October 1, 1859. Bye
eontract
of April, 1809, it is operated by New York Lake Erie A Western a
at 35 per
cent, of its gross earnings.
It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross earnings in 1S8I-82, $287,108 ; net, $83,002.

earnings $1,523,112 were derived from the transportation of construc¬
tion material, leaving $0,332,347 as the actual
gross receipts?
ROAD AND

EQUIPMENT.

.

Northern Pacific.—(See Map.)—Line of Road—On the completion
of the main line Sept. 8. 1"83, the mileage on which earnings were re¬

ported became 2.305, which

made up

follows

Main line—Super¬
ior City, Wis., to Wallula Junction, Wash. Ter., 1,079 miles ; St.
Paul,
Minn., to Brainerd, Minn., 135*5; New Tacoma, Wash. Ter., to Kalama,
Wash. Ter., 105*5; New Tacoma, Wash. Ter., to Carbonado, Wash. Ter.,
34 ; grand total. 1,954 miles. Branches—Superior City, Wis., to Connor s
Point. Wis 3*5 miles; Thomson Junction, Minn., to Duluth, 24 ; Little
Falls, Minn., to Morris, Minn., 87*8; Wadena Junction, Minn., to end of
track, Minn., 115*5; Fargo, Dak..to La Moure, Dak., 82; Jamestown.
Dak., to Carrington, Dak., 43*5; Livingston to Yellowstone National
Park, Mon., 55; total branch lines, 411*3 miles; total main line. 1,954
miles. Grand total in operation. 2,305*3 miles. The road from Thomp¬
son Junction, Minn., to Duluth is owned
jointly with the St. Paul &
Duluth. In addition there were in progress 30 in les on the Jamestown
Branch, 41 miles on the Kalama Division, and 00 miles eastward from
Superior, on the Wisconsin Division. From Wallula Junction, Wash. Ter.,
to Portland, Oregon, the road of the Oregon Railway A Nav. Co. connects
OluiAMZATiON.—This company was chartered by act of Congress July
2, 1804, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections- in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River-iu 1873. The company defaulted Jan.,
1874, and the road was foreclosed August 12, 1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. To the bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000 bond
was

as

Miles

operated June 30
Earnings (whole line)—
Passenger
Freight

Mail, express, Ac

:

,

and overdue interest.
Stocks and Bonds.—The preferred stock was issued to old first, mort¬
gage (7-30) bondholders for their bonds and overdue interest, and has a
preference for S per cent in each year if earned, but is not cumulative.
The common stock then takes 8 per cent, and after that both share a’.ikeThe common stock was mostly held by the original projectors and their
associates prior to the. default of 1871, and did not-'represent capital

expended. The preferred stock is received in payment for tin? company’s

lands east of the Missouri River at par. These lands remaining
yet un¬
sold are about 3,000,000 acres, and the proceeds of these lands when sold
for money or on time also go to the retirement of preferred stock.
In February, 1881, parties interested in the Oregon Navigation A
Railroad Co. purchased a hu ge, interest in the stock. (151,300 shares of

preferred and 102,792 of common), which is held by the “Oregon A
Transcontinental Co.’’

In Sept., 1882, a dividend, in certificates of 111per cent,
amounting
to $4,007,490, was declared on the prof, stock payable Jan. 15, 1883.
Prices of preferred stock since 1879 have been : In 1880, 39:,s?»07h*;
in 1881, 0418&8818; iu 1882, 06 34« loo;{s; in 1883, to last

Saturday, 56
”®9058. Common stock : In 18SO, 20«30; in 1881, 32»4'«J>1; in 1882,
28:k®54#; in 1883 to last Saturday, 231e®5318.

On the Missouri Division and Pond d’Oreille Division the bonds of those
divisions respectively are received at par in payment for lands, and have
a lien on the proceeds of lands sold.
The, first mortgage bonds issued in 1881 are a first lien on the main line
from Superior Wis. to Wallula Junction, 1,079 miles; Tacoma to Kalama,

Total

Operating
Net

expenses

earnings.

1880-81.
754

1881-82.

1,298

1882-83.
1,701
*$

2,207,299

1,302,261
3,909,423

118,599

218,621

2,099,746
5,409,081

$
608,621

$

346,632

2,99 4,519

5,430,305

7,855,459

2,025,389

3,572.839

5,336,930

969,130

1,857,466

2,519,529

Perot.* of oper. exp. to earn in’s
07‘04
65*80
67*93:
-(V. 35, p. 22, 45, 71, 103, 182, 213. 237. 266,321, 339, 345, 405.
431, 478,546, 577, 638, 658, 677. 706, 737, 763; V. 36, p. 196, 399,
675, 699, 731; Y. 37, p. 189, 294, 318, 333, 397, 400.)
Northern Pacific Terminal Co.—This company owns terminal
are leased
for fifty years to the Northern Pacific
RR.,
the Oregon Railway A Navigation Co. and the Oregon A California
RR.,
with a guaranteed rental sufficient to pay interest, sinking fund
and
taxes.
The sinking fund begins in 1893 and is to be sufficient to retire
the bonds by maturity. The stock of $3,00<),00<) is owned
by said three
companies (40 per cent by Oregon Railway A Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A California
RR.),
and In Id by Central Trust Co. of New York, to be delivered alter
pay¬
ments to the sinking fund which is to cancel the bonds.
Northwestern Ohio.—Owns from Mansfield to Toledo, Ohio. 86
miles, hut leases 7 miles to Pittsburg Fort Wayne & Chicago RR. This
was a consolidation of the Toledo Tiflin A Eastern, the Mansfield
Coldwater A Lake Michigan and the Toledo A Wood vi lie roads.
Leased to
Pennsylvania Company at cost ot operating. In 188L irross earnings
$290,285; net, $47,158. In 18S2 gross, $272,742; net, $27,ICO.
Norwich «fc Worcester.—Owns from Norwich, Conn., to Wor¬
cester, Mass., 59 miles; branch: Norwich to Allyn’s
Point, 7 miles;
total, 66 miles. To be extended to Groton, Conn. In 1869 the road
was biased to the Boston Hartford A Erie for 100
years, the lessees
to pay all liabilities and 10 per cent on-the capital stock. The
present
lessee company has the option to terminate tin*. lease, and now
operates
under temporary agreement.
Di the fiscal year ending Kept. 30, 1882,
the gross receipts were $368,6ol; payments for rentals,
$37,210; inter¬
est, $24,659; miscellaneous. $8,153 ; dividends (10 per cent),

facilities which

$259,780;

surplus balance to lessee, $39,799. (V. 3o. p. 724.)
Ogdensbiirg & Lake Champlain.—Owns from Rouse’s Point,
N. A., to Ogdensburg, N. Y., 118 miles.
The earnings of tho road
having decreased, certain terms--of adjustment were proposed in 1880,
which ha ve been substantially carried out. Annual
report for fiscal year
ending March 31, 1883, in V. 36, p. 623. Operations and earnings for
t hree years oast were as follows:
Gross
Passenger
Freight (ton)
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
1880-81.... 122
3.228.371
26,5)70,096
$584,039 $176,410
122
1891-82
4,816,825
32,933,476
609,324
170,854
....

1882-83
642,196
191,438
-(V. 36. p. 212, 622 ; V. 37, p. 167.)
Ohio Central.—Tho road extends from Toledo, Ohio, to the Ohio
River at a place opposite to Point Pleasant, 257 miles
(including in this
16 miles of trade used under rental) and from Point Pleasant to West
Virginia, 58 miies, with branches from Hadley Junct on, Ohio, to
Coiumlms, 24 miles; Mineral Division. South Shawnee to Corning, 20
miles; and Switch to Buckingham, 11 miles; total line, 375 miles; of
which about 325 miles were completed on January 1, 1883, and the
balance of road and bridge over the Ohio River were about finished,

105^2; Kalama to Portland, 42 ; Tacoma to Carbonado, 34 ; Superior to
Ashland, Wis*? 00 miles, under construction; total, 1,920 miles; (and
upon the Cascade Division, 275 miles, if constructed); and on all the
lands of the company except those subject to the two divisional mort¬
gages and those lands east of the Missouri River which are subject to the
preferred stock, unless default is made on the first mortgage bonds, in
which case those lands east of Missouri River also become subject to the
first mortgage. The issue of bonds is limited to $25,000 per mile, and in by October, 1883.
The stock was $4,400,000—par $100—and in January, 1881, the comOctober, 1883, 1,874 miles finished warrant the issue of $40,850,000
bonds, less $0,481,000 prior bonds on the Missouri and Pend <1 Oreille,
divisions. When completed to Ashland, Wisconsin, in 1884, about 40
miles further, $1,150,000 more bonds can be issued. No more of the pro¬
jected road is likely to be built immediately. The proceeds of land sales A Alleghany was voted, and new stock and bonds *V* extension were
can be applied to the payment of interest on
bonds, instead of principal, subscribed. But in January, 1882, this plan was abandoned and con¬
if the earnings of the road arc insufficient. Central Trust Co. of N. Y. solidation was made with the Atlantic A Northwestern of Virginia,and
is trustee. The bonds are received in payment for lands at 110 and the line projected to Charleston, West Va. Of the River Division 1st
interest, and proceeds of land sold must be applied to redemption of mortgage bonds $300,<>00 are reserved to exchange for Mineral Division
these bonds at a price not exceeding 110 and interest. Sinking fund of 1st mortgage bonds, dollar for dollar, and $150,nO.u for Mineral Division
incomes, two bonds for one of River Division. There were also $3,000,-*
one per cent per annum begins in-1886.
In October, 1883, the second mortgagefwas authorized to be made for Odd of these bonds reserved to exeiiange lor bonds of the Ohio Central
$20,000,000, of which $18,000,000 were taken by a syndicate at 82 4> net Coal Company, but, the exchange was not carried out. Holders of River
to the company.
Operations and Financial Condition.—The fiscal year ends June
30. The annual report for 1882-83 was published in V. 37,
p. 38, to
which reference should be made for a statement of the
progress of the
company’s work during that year and its general condition. To pay the

floating debt and complete the work, the directors issued the second
mortgage bonds October, 1883. The Jmsiness for 1883-84 cannot be

estimated with certainty, but gross earnings since July show a
large
increase; net earnings have not been published. The annual report in
Chronicle had the following statement of earnings, and of the gross




V

- Tr-.-'.-

j

Division 1st and income bonis

are entitled to ten votes at all stock¬
holders’ meetings breach $1,090 bond held.
On September 1st, 1883, default was made on the inten stof the River
Division mort. bonds, and Mr. John E. Martin was appointed receiver.

Annual report in V. 37. p. 150.

Gross earnings In 1882 on 270 miles
$1,052,207; net, $357,596; payments, $3^7,800; delieit, $30,2( 3.
(V. 35, p. 132,320, 339, 517, 577; V. 30, p. 140; V. 37, p. 150, 202*
213, 233, 235, 2d5, 321, 375, 400.)

were

Ohio Sc Mississippi.—Owns from Cincinnati, Obi*, to East St.
Louis, Ill., 340 miles; .Louisville branch, North Vernon to JolTerson-

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RAILROAD

October, 1883.]
Subscribers will confer

a

explanation of column headings, Ac.,
on

first page of tables.

Date

of

of

Road. Bonds

Consolidated mortgage, sterling..

2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.A Ill. SE.) IstM. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,01)0 per mile)

8 11879-20

Miles
see notes

■Ohio J- Mississippi—(Continued)—
1st general mortgage (for $16,000,000)
Income and funded debt bonds (extended, ’82)...
1st consolidated mort. ($3,445,000 are s. f.)

Old Colony—Stock
Bonds (not mortgage) coupon
Bonds
do
do
and registered
Bonds
do
do
do
Bonds
do
do
do
Bonds
do
do
do
Bost. Clin. F.A N. B., 1st M., Agricultural Branch..
do
mortgage bonds 1869-70
do
do
do

Scrip certificates
Oregon Short L.—1 st,gld.,int.gu.byU.P.($25,000p.m)
Vregond• 7 rans- Continent till—St Yk (for $50,000,000;
Trust bonds, gold (1st M. collateral) $20,('0l)p.m..
Oswego <£• Pome.—1st mortgage guaranteed
Income mortgage bonds

Size,

01

INTEREST OR DIVIDENDS.

or

Amount

Par
Value.

1882
1862
1868
1868
1871
1873
1874
1881
1881

Outstanding

....

222
128
128
468

Rate per
Cent.

$174,000
6,688,000

$1,000

3,829.000

112,000

1,000

140,000

1,000

2,009,000
1,920,000
1,920,000
9,840,852

1,000

1,000

100
1864 1000Ac.
1874
1,000
1875
1,000
j 876
1,000
1877
1,000
1864
100 Ac.
’69-’70 500 Ac.
1874
1,000

....

....

29
43
58

....

i20

1880
1881
1880

0/1
....

....

....

j

524

1879
1882

....

....

28 ^
....

1882
1865
1866

5
7
7
6 g.
7
7
7
6
6

(0

1,000
1,000
£200

....

....

....

$1,000

When

Where Payable, and b}
Whom.
Payable

Bonds—Princi¬

pal,When Due.
Stocks—Last
Dividend.

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

3*2
5

32.000

1,692,000

7

500,000
1,100,000
2,000,000
400,000
552,000

6
6
6
6
7
7

400,000

1,000

A D.
N. Y., 52 William St.
June 1, 1932
A O.
do
do
Oct. 1, 1883
A J.
do
do
Jan. 1, 1898
A J.
London.
Jan. 1, 1898
A O.
N. A’., 52 William St.
April, 1911
A N.
do
do
May 1, 1883
A N. Springfield, Ill..1st N. B. Nov. 1, 1905
A 1). N.Y., Corbin Bank’gCo. Juno 1, 1921
A D.
do
June 1, 1921
!J. A J.
July 2, 1883
Boston, Ollice.
M. A S.
do
Sept. 1, 1884
M. A S.
do
March 1, 1894
J. A D.
do
June 1, 1895
M. A S,
do
Sept, 1, 1896
F. A A\
do
Aug. 1. 1897
J. A J? Bost., Old Colony Ollice.
July 1, 1884
J. A J.
do
do
1889 A ’90
J. A I).
do
do
July 1, 1894
Various
do
do
1883/ ’85
J. A J. Boston, N. E. Trust Co.
Jan. 1, 1910
J. A J. N.Y., London A Frank!.
July 1, 1921
A. A O. New York and London.
Oct.
1, 1900
New York.
Q.--F. j
Nov. 1, 1883
J. A
N.Y., Farm. L. A Tr. Co. July 1, 1909
M. A N.
do
do
1885-6
F. A A. N. Y., 195
Feb. 1, 1922
Broadway.

1.000
100

350,000
1,965,000
7,400,000
25,000 p.m.
18,000,000

1,000

5.851,000

6
5
6 g.
6 g.
2 Lj
6 8-

1,209,000

S

I

6

!

1 To
6 g.
7
7

1 0,-J. !
M. A N.-j N. Y.,Farmers’L.A T.Co.
M. AN. N.Y., Farmers’ L.AT.Co.

1,000

1,000

1,000

12,500,000

100

40.000,009

1,000
1,000
1,000

7,215,000

•

350,000

200,000

J.j

F. A A.I N. Y., Central 1 rust Co-

Oct.

May

15, 1883
1,

1922

May, 1915
Feb., 1891

i

ville, Ind., 53 miles; total Ohio A Miss, line, 303.miles; tlie Springfield
Division, Beardstown to Shawneetown, Ill., 222 miles; total operated,

Oregon Pacific.—Road in progress; projected lino, 600 miles,of
which 60 miles, from Corvallis to Yaquima, is under construction. Land
grant, over 900,000 acres, and covered by first mortgage. Stock is

615 miles. The Eastern and Western divisions were sold in foreclosure
and the Ohio A Mississippi Co. formed by consolidation Nov. 21, 1867.
On Nov. 17, 1876, the company was placed in the hands of receivers.
In Oct., 1881, John M. Douglas was appointed Receiver, vice

$30,000 per mile.

were as follows: Boonev. to Walla Walla (main
line) 203 miles'
branches, Walla; Walla to Texas Ferry, 56 miles; Bolle’s June, to Dayton*
14 miles; Whitman to Blue Mountain, 14 miles; Umatilla-to
Pendleton,
44 miles; Portage Read to Lower Cascades, 6 miles;
Oregonian Railroad
in Willamette Valley (leased), 150 miles; total of
railway, 487 miles, and

ated

endeavored to establish their lien ahead of the second mortgage bonds
was decided in the U. 8. .Supreme Court against them.”
(8ee article in

213

The new general mortgage for $16,000,000 is authorized under the
proposed plan of reorganization, by which $12,784,000 will be reserved
to exchange for old bonds as they mature; $2,216,000 will be used in
paying overdue coupons and all other claims; an*l $939,695 be expended
for new equipment and terminal facilities. There are
yet $97,000 of old

first mort. 7s (reduced to 6s). Western Div., outstanding. The terms of
are as follows: “ The prof, stock is to be and
remain a first claim upon the property of the corporation, after its
indebtedness,*and the holder thereof shall bo entitled to receive from the
net earnings of the company 7
per cent per annum, payable semi¬
annually, and to have s ich interest paid in full for each and every year

preference of the pret. stock

before any payment of dividend upon the common stock.”

Afterpay¬

surplus of that

Miles.
615
615
615

Gross Earnings.

$4,376,310

under construction.

35, p. 213, 374,

year

Ocean line

between San

Francisco and

457, 472, 484, 602; V. 37,

p. 331.)

Oregon Short Line.—Road in progress from Granger on the Union
Pacific, (156 miles cast of Ogden, to a junction with the railroad of the
Oregon Railway A Navigation Co., at Snake River near the line between
Idaho and Oregon, about 523 miles, with Wood River branch to
Daily,
57 miles. Total about 580 miles. The road was practically finished
November, 1883. The. contract between the Oregon system and the
Northern and Union Pacific for future tratlie is reported to be advan¬
tageous to the Union Pacific, since the business of Oregon is to lie
divided between the Northern and Union Pacific, in proportion to the
tratlie they deliver to the Oregon road, and officials of the Union Pacific
claim that their shorter distance between Oregon and Chicago, and
other points eastern, southern and western, in connection with a better
winter route, they will obtain at least one-half of the Oregon business.
Built under Union Paeilie control, and interest on the bonds guaranteed.
One $1,000 bond and $500 in stock sold to Union Pacific stock¬
holders for $1,000 cash. The stock is $25,000 per miler of which Union
Pacific retains one-half.
(V. 35, p. 22, 431; V. 36, p. 109 ; V. 37, p. 202,
236, 376, 400.)

Dee. 31. The annual election is held in October. The
1882 was.in the Chronicle, V. 36, p. 194. Opera¬
for three years past:

annual report for
tions and earnings
Years.
•*

more

Portland, 670 miles ; Puget Sound lines, 238 miles; River lines, 667
miles; total of water lines, 1,565 miles.
The company has pursued the policy of increasing its capital stock toraise money for improvements, and a further, increase to $24,000,000
made during 1S83 to stockholders of record Dec. 19, 1882. See annual
report in V. 35, p. 48‘4, showing net income in 1881-2 of $2,516,164
and surplus over 8 per cent dividends of $649,061.
The managers purchased in February and March. 1881, a
larga
interest in the common and preferred stock of the Northern Pacific
Railroad with cash furnished by a syndicate, and the stock control of
both companies was transferred to the Oregon A Trans-Continental.
For seven months of 1883 gross earnings were $3,875,202,
net,
$1,876,835; against gross in 1882, $3,771.244,and net, $1,843,216. (V.

V. 37, p. 233.)

ment of 7 per cent for any one year on com., the
if any) shall be divided between both classes.

G. T. M. Davis, Treasurer, New York.

Oregon Railway A: Navigation.—June 30, 1882, railroads oper

King,

resigned. A suit is pending, brought to annul the purchase of the
Springfield Division in 1875 as fraudulent and void. The various phases
of litigation in regard to this company have been reported from time to
time in the Chronicle, and the suit in which the preferred stockholders

1881

BONDS

:

624
148
393
393
393

bonds

equipment notes
b’ds, guar.by lease to Old Col.
Ot'cqon <£ California—1st mort., gold
Oregon Pacific—1st mort., land grant, gold
Oregon Pail way & Navigation—Stock
Mortgage bonds, gold

Tltp‘year ends

AND

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

DESCRIPTION.
For

STOCKS

Net Earnings

$1,256,709

4,074,407
959,053
4,225,499
1,061,663
—(V. 35, p. 103, 213. 405, 431, 456, 576, 706; V. 36, p. 82, 194, 196,
313, 427, 526, 591, 675; V. 37, p. 23, 100, 117, 233, 235, 267, 343, 376,

400,422,424.)

Ohio Southern.—The road will extend from Springfield, Ohio,
to some point on the Ohio River. Length of road completed
and in
operation June 1,1883: Springfield, Ohio, to Coal ton, with extensions
oml branches, 135 miles.
Stock (par $100), $3,840,000.
Receipts,
1882 $359,283; net, $90,687; other sources, $29,812; payments,
$120,084. Alfred Sully, President. (V. 35, p. 51, 101 ; V. 37, p. 151.)
Old Colony
120 miles and

(Iflass.)—Owns from Boston to Provincctown, Mass.,
lines to Kingston, Plymouth and Somerset Junction
Oregon A; Trans-Continental.—Company organized under the
Mass., and to Newport, Ii. I.: total. 252 miles; numerous branches,
laws of Oregon on June 27, 1881, and received from the “Villard Pool”
50miles in all; leased—Boston Clint. Fitchb. A N. B., 125 miles; Framing¬ an
assignment of the stock of the Northern Pacific Railroad purchased
ham A Lowell RR., 26 miles; Fall River RR., 12 miles; Dorchester A Milton
by it. The company's object is to hold the stocks of the Oregon Railway
RR.,3 miles; total length of all lines, 468 miles. Fall River RR. was A Navigation Co. and the Northern Pacific, and to construct connecting
leased April 1, 1882. for 99 years. In March. 1883, consolidation with
roads, and on June 30, 1883, it held $12,853,500 of O. R A Nav. Co.,
the Boston Clinton Fitchburg A New Bedford was made. (See terms Y.
$15,130,000 N. Pae. pref., and $16,279,200 N. Pae. common. The total
36, p. 251.) And an increase in stock to $12,000,000 was voted.
authorized capital is $50,000,000.
The bonds are secured by deposit in
Operations and earnings for three years past were as follows:
trust of first mort. bonds on new branch railroads, at $20,000 per mile,
The payment of the principal and interest of the bonds of these
Div.
Passenger Freight (ton) Gross
Net
branch roads is further secured by trallic contracts with the Northern
Years.
Miles. ,Mileage.
Mileage.
Earnings. Earnings,
p. ct
Pacific RR. Co., guaranteeing (after
lapse of two years) a minimum
453 89,502,519 51,169,628 $3,518,709 $ 1,201.647 6
net annual income of $1,400 per mile, being equal to 6 per cent per
455 89,187,583 53,794,401 3,740,448
1,246,846 6
468 100,460,413 58.349,479 4,126,258
1,305,449 0^ annum on $20,000 per mile of bonded indebtedness, and a Hinting fund
charge of one per cent.” In March, 1883, this company leased the
-(V. 35, p. 133, 544; V. 36, p. 251, 284, 445.)
A California road on the terms mentioned in V. 36, p. 310.
Oregon Jc California.—*From Portland. Or., to Roseburg, 198 Oregon
Quarterly dividends began in Jan., 1883, at l^ per cent. Since the
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Port¬ stock
was* listed on the’New York Stock Exchange, in Dee., 1881, the
land to Corvallis, 97 miles. Total finished, 306 miles; to be completed
to a junction with Central Pacific at the California State line, 177 prices have been us follows: In 1882, 00o4>S;U; 1883 to last Saturday,
34L>«/89.
smiles, of which probably one half will be finished in 1883. The present
An article in tlie Chronicle, V. 37, p. 331, gave an analysis of the
Oregon A California Railroad is a reorganization of the original Oregon company's position, in which it was remarked that the
Oregon Trans¬
A California, which company was in default after 1873. The land grant
is about 4.000,000 acres; bonds are receivable for lands. Preferred continental is the most complicated of the Villard companies. The com¬
pany controls the Oregon Railway A Navigation Company, and also the
stock is $12,000,000; common $7,000,000.
Northern Pacific Company, and has a lease of the Oregon A California
In March, 1883, a contract for the completion of the line, 177 miles
Railroad. It is, besides, engaged in building branches or feeders to the
(making 512 in all). Afas made with the Oregon Trans-Continental Com¬ Northern Pacific, on which it issues its own collateral Inist
mortgage
pany, tin* Trans continental receiving therefor$3,670r500 6 percent 1st
Bonds.
It will be seen that the position of the company is somewhat
mortgage bonds and $3,750,0 3) 7 per cent 2d mortgage bonds., 1st
unique, since it depends almost exclusively for its income upon the return
mortgage 6 per cent bonds to the amount of $20,000 per mile are to be it receives upon its holdings of the properties
controlled. The annual
issued, and 2d mortgage bonds to the amount of $10,000 per mile, mak¬
report for the year ending June 30, 1883, was in the Chronicle, V. 37,
ing a total of $15/360,000.
The Oregon A California Railway was
leased to the Trans-Continental for a period of three years from January p. 74. A general balance sheet was there published giving details of
assets and liabilities, and the billowing estimate of the available income
1. 1883, the latter company agreeing to pay all fixed interest and other
and protits for the year 1883-84:
charges, and dividends at the rate of 2Rj per cent. The payments on Balance
of profits brought forward from last year
$2,880,895
account of interest due January 1, 18,84, ami July 1, 1884, to he made
Dividends on Oregon Railway A Navigation stock
1,190,262
by the Trans-Continental arc estimated at' $510,000, being the interest Estimated dividends on Northern Pacific preferred stock
1,210,400
on an average amount of
“

$8,500,090 of 1st mortgage 6 pe r emit bonds.
The dividend—2^ per emit, payable annually—will for 1883 amount''
to $300,000.
At the option of tiic lessees tin* lease may be extended for
a period of 999 years, the lessees
agreeing to pay as rental 35 per cent
of the gross earnings of the* leased line,- but
guaranteeing the payment i
of all lixed charges, and dividends of at least 2 per cent annually.
For
the guarantee, of dividends the Trans-Continental received an extra j
allowance of $600,000 2d mortgage bonds. For year ending March |
31, 1883, gross receipts were $1,016,496; net* $288,117; land sales,
j
$ 1/ ,o59. (\r. oOj p. 133, o< / j "Y . 36, p. 2 o2, 310, o91, t 31.)




j

|

*

Total
$5,281,557
.In addition there will be available income from loans and con¬
struction protits. To be realized during the current fiscal year.” (V. 35,
-

“

p.

188, 374, 393; V. 36, p. 110, 340; V. 37, p. 74, 331.)

Oswego A: Rome.—Owns from Richland, N. Y., to Oswego, N. Y.,
09 njih.s.
Road opened January 1, 1866.
It is leased to the Romo
Watertown A Ogdensburg Railroad at 8 per cent on its stock ($300,0001
and 7 per cent on guar, bonds,

KAILKOAD

G2
Subscriber* will confer

a

explanation of column headings, &e.,
on

first page

AND

BONDS.

[Vol. XXXVII.

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

DESCRIPTION.

For

STOCKS

see

of tables.

35
35

Ostccgo <£• Syracuse—Stock, 9 per cent guar
Mortgage bonds
Consol, mortgage (guar. D. L. & W.)
Owensboro d Nashville—1st mortgage, gold
Painesvule d Youngstown—1st mortgage
2d mortgage, income, convertible

Panama—Stock
General mortgage, sterling, (£1,000,000)

j

|

Sinking fund subsidy, gold
Paterson d Hudson—Stock

j

123
65
65
48
48
48
15

58A64
1876
1881
1879
1879
....

1867
1880

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Miles
Date Size: or
of
of
Par
Road. Bonds Value.

notes

Amount

02tstonding

50
500 Sec.

Rate per

When

Cent,

Payable

1.320,400
124,000

1,000
1,000

4%
7
7
0 g.
7
7
7
7 g.
6 g.
4

338.000

2,000,000
400,000
1,000,000
7,000,000

500 Sic.

500 &C.
100
£200

3,989.000

1,000

2,908,000
630,000

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

Where

pal,When Due.

Payable, and by

Stocks— Last

Whom.

Dividend.’

&
Si
&
&
&
Si

A. N. Y., Del., L. & W. RR.
Aug., 1883
N.
do
do
1880 & 1885
8.
do
do
1907
N.
New York.
Nov. 1, 1931
J.
New York, Agency.
Jan. 1, 1910
J.
do
do
Jan. 1, 1915
New York, Office.
June 25.1883
Q.-F.
A. & O.
London.
’84 to’89 & ’97
M. & N.
New York.
Nov. 1, 1910
J. & J.
New York.
July 3, 1883

.

Oswego Sc Syracuse.—Owns from

N. Y., 35 miles,

Oswego,

N. Y., to Syracuse,

leased in 1808 to the Delaware Lack. Si West. RR. Co.
for 9 per cent per year on stock and interest on bonds; in 1830-’81 sur¬
plus to lessee was $21,339. In 1881-82 gross earnings, $477,254; net,

$199,020.

Owensboro A: Nashville.—Owns from Owensboro, Ky., to Ricedale. Ky., 44 miles.
Controlled in 1879 by the Nashville Chattanooga
& St. Louis, and now operated by Louisville Sc Nashville. Railroad,

which owns a majority of the stock.
Gross earnings for 1682-83 $5(5,
335; net, $0,415. Stock is $1,156,517. (V. 35, p. 677.)
’Painesville

A

'Youngstown, Ohio,

Youjgstown.—Owns from Fairport. Ohio, to

65 miles.

The old company made default, and
road was sold in foreclosure June 2,1879. Under the reorganization
bonds are issued as above, and the stock is $288,000. The income bonds
liavc votes, and are convertible into stock. The road went into the pos¬
session ot new managers in 1881. On Jan. 1, 1882, defaulted on 1st
mortgage coupons, and It. K. Paige appointed receiver. Foreclosure
proceedings pending. (V. 36, p. 358.)
'
.

Panama.—-Owns from Aspinwall to Panama, 48 miles.
Opened
through January 28, 1855.
This road had a practical monopoly
of the California business till the opening of the -Pacific Railroads in
1869. Of the general mortgage bonds $1,000,000 fall due in ten halfyearly payments beginning 1884 and balance ($2,989,000) in October,
1897.
The $2,908,000 subsidy bonds are secured by a pledge of the
eum of $225,000 annual subsidy payable to the- U. S. of Colombia
by
the company.
In June, 1881, most of the stock was sold to pa tele*
interested in the De Lesseps Panama Canal Co. The report for 1882 was
in V. 36, p. 426.
(V. 33, p. 638; V. 36, p. 426.)
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater¬
son, N. J.,
15 miles.
The road was opened in 1834, and leased
in perpetuity September 9,1852, to the New York & Erie, at a rental of
$48,400 per year. J. 8. Rogers, President, New York City.

Pennsylvania.—Dec. 31,1882, the mileage operated east of Pitts-

'

burg Sc Erie,

which earnings

reported were based, was divided as
follows: Pennsylvania Division ami branches, 1,264; Philadelphia &
(Erie Division, 287; United Railroads of N. J. and branches, 430; total
operated, New York to Pittsburg, with branches, 1,981. The operations
or the Pennsylvania Railroad cover so large a held that a reference to
the annual reports published in the Chronicle is necessary to give
any adequate idea of its working and condition from year to year.
The tota l cost of stocks and bonds of other companies owned
by Pennon

delphia Wilmington Si Baltimore RR., and the directors authorized the
issue of $20,000,000 new stock of the Pennsylvania RR. In July, 1981,
the 4 per ct. bonds secured by P. W. Si B. stock were issued, and they are
purchased venriv at not over mir with the surnlus proceeds of Ph. W. &
Baltimore dividends paid to the trustees, and not needed for the pay¬
ment of Interest.
A scheme to buy up the company’s guaranteed
securities with $100,000 per month from earnings is in operation, and
the entire amount paid by the cm:, ,<any into the Trust up to the end of
1882 was $2,500,000.
There had been purchased for the fund securi¬
ties of the par value of $2,761,050, which yield an interest of 710 per
cent per annum upon the investment.
The collateral trust loan of 1883 is secured by the deposit of
mortgage
bonds of subsidiary linos to the par value of $12,500,000.
In May, 1883, ilie dividend was declared 2 in cash and 2 in scrip,
redeemable in cash on delivery or convertible into stock prior to Aug. 1,
18s3, and stockholders of record April 30, 1883, were also given the

Erivilege
new •dock
to above,
of 4 per
of their
subscribing
the extent
oldings;ofthe
amount offor
stock,
given
includes
thiscent
6 percent
as

increase.

An abstract of the latest

report issued, that for 1882, was published in
the Chronicle (V. 36, p. 280), showing surplus net income of $1,623,805
after paying all charges and 8 % per cent dividend.
For eight months of 1883 gross earnings on all lines east of P. and E.
■were $33,258,909, net $12,154,182;
against $31,471,176 gross and
$11,870,075 net in 1882.
A summary of the total business of 1882 in
tonnage, passengers and
income, compared with previous years, is shown in the following :
1879.
Gross

earnings

Net

1880.

1881.

1892.

....

20,382,740

21,625,018

26,709,809

$14,237,539 $16,635,025 $17,414,373 $18,432,429
1879.

1880.

1881.

1882.

Gross from traffic
Operating expenses.

$60,362,575 $70,761,062 $75,182,973 $79,3.89,008
35,639,794 42,179,485 46,243,277 50,737,534

Net earnings

$24,722,780 $28,584,576 $28,939,695 $29,151,534

...

....

$10,768,563

302,865

'

568,758

$9,828,853

$10,199,805

$600,000

$600,000
282,810

Deduct—

Payments to trust fund
Consolidated mortgage redeemed
Baltimore & Potomac Railroad—Advances

whamoUin Coal Co.—Advances
Phila. Sc Erie—Deficiency in interest

286,480

-...

Allegheny Val. RR.—Deficiency in interest..

Do
Advances
Snub. Ilaz. Sc Wilkesb.—Deficiency in int
Fred. Sc Penn. Line RR.
do
Am. SS. Co.—To meet int. guar, by Penn. RR.
Do
Advances

143,332
7,000
175,973

3,500

242,621

257,384

157,464

361,591

50,000

50.000

15,000

15,000

90.0U0

90,000
25,000

$1,767,870
$1.685,2.85
$8,060,983
$3,514,520
(8) 5,861.718 (S1g)6.890,715
-

Balance to credit of income account...
Dividends
Balance to credit of profit and loss for year..
Add from settlement of old accounts, &c

$2,199,265

$1,623,805

350,866

226,755

$2,550,131

$1,850,560

7,793,919

10,344,079

...

Add am’nt to credit of profit and loss Jan. 1.
Balance to credit of profit and loss Dec. 31..
The

$10,344,079 $12,194,639

monthly range in prices of Pennsylvania RR. stock in Philadelphia

have been:

1882.
Jan
Feb.
March.

6258- 595s
01%- 59's
.

April
May
Juue

64 - 59=4
63 %- 60%
60 %- 55 5g
58 7s- 53 7e

1883.
61 %- 59*8

61ig625h()1 %631.460°8-

.8%
607s
62
56

57^8

1882.

July
August..

625s- 585a
62 5g- Gl:}8

Scpt’ber

6514- 6238

.

October
Nov’ber
Dec’ber..
.

.

1883.
59 V 57

583a- 563a
59 V 57%

6478~ 63
63%-x5658
605a- 59

(V. 35, 22, 51, 132, 161, 236. 358, 374, 431, 487, 517, 603, 625, 763
V. 36, p. 109, 253, 265, 280, 332, 366, 480, 510, 591, 652, 707, 731
V. 37, p. 23, 202, 343.)
-

Pennsylvania Company.—The Pennsylvania Coin pang is

;

;

a cor¬

poration chartered by the Pennsylvania Legislature, April 7, i870, dis¬
tinct from the Pennsylvania Rlt., and operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR., ai;d in 1880
the common and preferred were merged into one class of stock, mak¬
ing $12,000,000, which was increased to $20,000,000 prior to the issue
of the bonds in May, 1881, of which the authorized issue is
$20,000,000.
The whole number of miles operated or in any way controlled
by this company is 3,547. The income account of the Pennsylvania
Co. for 1880 and 1881 was as follows:
1880.
1881.
1882.
Net earnings Union Line Bureau, and
for rents, real estate, and equipmt.
$818,725
$762,597
$394,967

Profits from operating leased roads—
Pittsburg' Fort Wayne Sc Chicago
1,589,545
New Castle A: Beaver

Valley,

71,226

Lawrence
Cleveland Sc Pittsburg
Received from investments

0,368
307,378

577,697

Total revenue
Deduct—

Expenses,

interest

and

1,049,349

681,207

on

1,208,325

1,122,943

$2,370,487 $2,366,133 $1,867,883
480,000 1,000,000
800,000

*

stock.

Balance surplus for the year
The

4" 6,786

1,377,436
45,835
16.427
474,951

operating

1,024,952

Deduct dividends

1,715,694
82,176
7,924

$3,401,439 $4,074,508 $2,990,827

lease:! lines

30,647,405

EARNINGS, *C., ALL LINES EAST AND WEST OF PITTSBURG & ERIE.

1882.

$10,131,718

Balance

$31,620,279 $41,260,073 $14,12tfl92 $19,079,934

expenses.

earnings

1881.

Net income

ALL LINES EAST OF 1*1 TTSBURG & ERIE.

ACCOUNT—(PENN. RR. CO.)

Net income Pennsylvania RR. Division
Net loss New Jersey Division

as

Railroad
wascompany
$81,037,668,
Slvaniu
and 217,819
the par value
March,
1881, the
purchased
shares$112,657,206,
of the Phila¬

Operating

GENERAL INCOME

$1,896,487 $1,866,183 $1,067,883

registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.

Wayne Si Chicago special stock. The gold bonds of 1921 are secured by
a deposit in trust of the leases of the Pittsb. Ft. Wayne A Chic, and the
Clove. Sc Pittsb. railroads and are also guaranteed by the Penna. RR.
The trustees of the mort.
M. Felton.
They were issued

Co.

Wistar Morris. Edmund Smith and S.
to supply funds for purchasing the C. C.
Sc I. C. bonds and other purposes, and the whole authorized issue is $20,000,000. The sinking fund is 1 p. e. per aim. if the bonds can be bought
at par.
(V. 35, p. 101; V. 36, p. 110, 479, 673 ; V. 37, p. 98.)
are

[ In the work of completely revising the tables and remarks of the Investors’ Supplement, progress had been made to
prior to the October issue. The revision will be carried forward and probably completed for the next number of the
-Supplement, which will be issued in due course on Saturday, December 29.J
this point




OCTORBE,

KAILROAD

1883.J

Subscribers will confer

a

explanation of column headings, &cM see notes
on

tirst page

AND

BONDS.

of tables.

Miles Date
ol
of
Road. Bonds

Size,

Gen. M., Pli. to Pitts., coup., J. & J.; reg., A. Ac O.
State lien (pay ’tie in annual inst’lm’ts of $460,000)
Consol. M., coup. J. & D., Ac reg. Q.—M. is. f. 1 p. c.)

....

....

....

Consol, mortgage, gold
Bonds, reg. (P.W. & B. stock deposited as collat’l)
Collateral trust loan (coup., but may be reg.)
Car Trust certs, (in series payable 4oth yearly)..
Navy Yard bonds reg. (extended 20 years in ’81)

571
....

....

....

Pennsylvania Company—Stock
3,547
Reg. bonds, secured by F. Ft.W.Ac C. special stock
Bonds, gold, secured by pledge and guarantee
105
Pennsylvania dt New York—1st mort., guar
105
l$t. mortgage, guaranteed
Pennsylvania Schuylkill Vt.lley—Stock
Peoria dt Bureau Valley—Stock
47
....

....

Amoimt

....

1st mort., gold (Pekin to Mattoon)
Income bonds,
do
not accumulative
1st mortgage (Evansv. Div.)
Income bonds (Evansv. Div.), not cumulative
Peoria dt Pekin Union—1st mortgage, gold, coupon
Income mortgage, n on-cumulative, gold

....

....

20
20

Perkiomen — 1st mortgage
Consol, mort., gold, guar. P. Ac R., (sink, fund)

38
38
11

Peterborough (N. IT.)—Stock
Bonds (not mort.), redeemable after 18S2
Pe tersburg—S took
•
1st mort. bonds (payable $25,000 yearly)
Bonds, class A

....

03
82
....

Bonds, class B
Philadelphia d Ball. Central—Stock
1st mortgage (for $2,500,000)
Westchester & Phila., 1st mortgage
Philadelphia d Eric—Stock, common

....

83
83
27
287

2

1873
1 S79
1881
1883

1.000

28.041,250
5,000,000

1,000
J.

9,571.000

....

5,000,000
5,000,000
1,000,000
20,000,000
3,200,000
12,500,000
1,500,000
1,500,000

1,000
1,000

....

1875

1,000
50

....

1877
1881
1800
I860

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

1880
1880
1880
1880
1881
1881
1807
1873

1,000

1,500.000
1.500,000
799,000
1,125.000
385,000
1 17,000

100

100
500 Are.
100

1S77
....

1 •
IS 8 l

1,324,200
400,000

....

1881
50

1881
1871

Preferred stock

$4,000,000.

Common

stock,

$1,001,700, and

preferred stock,

Net earnings in 1878-9. $599,791; in 1879-80, $915,132:

1880-81, $1,000,700. Robert A. Packer, President, Sayre, Pa.
32, p. 98; V. 34, p. 115.)

in

(V.

Pennsylvania Schuylkill Valley.—At Harrisburg, June 1, 1883, the
organization of this company' was completed by the tiling at the State
Department of articles of merger and consolidation between the Phila¬
delphia Norristown Ac Plmmixvilie, the Plnenixville Pottstown Ac Read¬
ing and the Plmmixvilie it West Chester railroad^companies.
The ro id
will extend from Philadelphia to Reading, and is controlled by the
Pennsy lvania Railroad Company'. The capital is $1,500,000.
Peoria dt Bureau Valley.—'March 31, 1882, owned from Bureau Junc¬
tion to Peoria, Ill., 47 miles. The road was leased in perpetuity April
14, 1854, to the Chicago Ac Rock Island Railroad at a rental of $125,000
Officers same as Rock Island.
per annum.
Peoria Decatur d- Evansville.—Dec. 31, 1882, owned from Peoria to
Evansville, 235 miles; branch—Stcwartsville, Ind., to New Harmony',
Ind., 6 miles; leased, Pekin, III., to Peoria, Ill., 10 miles ; through De¬
catur, 3 miles; total, 254 miles. This road is a consolidation of the

Pekin Lincoln & Decatur RR.
(formerly leased to the Wabash) and the
Decatur Mattoon Ac So. and the Grayville Ac Mattoon. Gross earnings
in 1881, $091,608; net, $236,904.
Gross earnings 1882 $703,584; net,

$317,080;

total payments, including 0 per cent
(Vol. 37, p. 200, 375.)

$319,200.

on

income bonds,

Peoria dt Pekin Union.—Owns from Pekin to Peoria, 10 miles on each
side of Illinois River; total operated, 20 miles. The road is a union

June 1,

4

F.

Ac

0 g.
0
0
0
0 g.
0 «r.
0
6 g.
3
0
^

J.

Ac J. N. Y.y

Ac

1913

Juii6 1, 1896
June 1. 1906

A.iN. Y\, Chic., R. I. Ac Pae.

5

1,000,000

6

do

(M. & S.

New York.

M. & 8.

do

Aug., 1883

A.
J.
M.
A.

1

M. A: N. N.
A. Ac O.

Y., Company s Office.
do

do

Philadelphia, Pa. RR.
1S79.

J 880.

1881.

$

$

$

$

1.093,720
102,200

1,077,995

1,002,270
109,410

1.093,720

103,019

*

1882.

105,3 4:3

11)0,507

135,278

3.9,410

37,300

45,710

1,290,179
332,333

1,399,793

1,424,328

1,317,767

25,573

395,243

sur.97,699,

•

Philadelphia

1911

April 1, 1891
*

i

ex pen’.

;

1, 1921
1, 1921

...

I)isb a rsem cn Is—
Interest on debt
interest on equipm't.

Balance, deficit
-(V. 32, p. 20 4

1920
1920

Ac O.

|

Total disbursements.

Feb.

Feb.

1920
1920

Phila. Co.'s Office.
Apr. 1, 1887
Ac D.
do*
do
Juno 1, 1913
Ac N
Nashua. Treasurer.
Nov., 18S3
A: O. Boston, N. E. Trust Co.
Oet. 1, 1897
! J «y J.
Petersburg, Va.
.Tin., 1872
' ■i. ife J i
do
Jan
1879-’98
J. Ac J.i
do
July 1, 1926
i A. Ac 0.‘
Oet. 1, 1926

5
7

Miscellaneous

1,
1,
Sept. 1,
Sept. 1,

,

....

Extraordin'ry

Jan.

Jan.

Q.- F. N.Y., Metropoli’n N. Bk
!\lay 1.
do
do

1

1,100, )J0
7,013,700
2,400,000

Met, Nat. Bank.
do

....

Pennsylvania it New York (Canal and Railway).—November 30, 1882,

owned from Wilkesbarre, Pa., to New York 'state lain*, 101 miles.
Branches to mines, 10 miles. Operated in connection with the Lehigh

do
do

I). Phila., B’k N. America.
Ac D.j
do
do

8

l,Oi'O,O00V

i .ooo

do
do

Q’rt rly-;

J.

2.500.000

100 Arc.
50
50

July 1, 1921

Ac ,T.
Ac D.

J.

J.

400,000

....

J.

1910

Annually.

!

1,230.000

1,000

June 15,1905
Dee. 1, 1909

May 29, 1883

....

1.170.000

1,000
1,000

Philadelphia, Office.
Philadelphia Ac London.
O.j Philadelphia, Office.
Q.—M. 1 Philadelphia Ac London.
J. Ac I). Philadelphia Ac London.
Q.—J.

A. Ac

7
7

1,287,000
858,000

1,000
1.000
1,000

Stoclcs—Last
Dividend.

whom.

N.j

M. Ac

pal,^When Due,

1891-93
Philadelphia.
J. A: J. Phil.,Pa.,Co..forins.Acc. Jan. 1, 1901
4
In 1882
J Pittsburgh, Co.’s Office.
0
Q.—J. (Phila. Tr. 8. I). Ac I. Co.
July 5. 1907
4%g. J. Ac J. N. Y\, Nat. City Bank.
July 1, 1921

4,500,000
1,500,000
8,400,000

100

....

| Where Payable, and by

When

Payable j

2s.
6
5
6
5
4
4%
5
5

....

254

Peoria Decatur dt Evansv ilie—Stock

Rate per
Cent.

Outstanding

$50 $90,419,378
19.999.700
1,000
3,275,909

1870

Bonds—Princi¬

INTEREST OR DIVIDENDS.

or

Par
Value.

1,887

Pennsylvania—Stock

Valley Railroad.

63

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

DESCRIPTION.
For

STOCKS

V. 34, p. 190, 2G3

Germantown

d-

leased for 3<> years to the Pennsy
per cent on the bonis.
(V. 30. p.

;

V. 30,

p.

95.087

250, 480.)

Chestnut Hill.— From Mayr 1, 1883,
lvania RR. Co., which guarantees 4%
300.)

Philadelph ia Germantown dt Norristown.—Philadelphia. Pa., to Norris¬
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
9 miles; total, 29 miles. The property' was leased Nov. 10, 1870, to
Philadelphia & Reading Railroad for 999 years at a rental of $209,623
and $8,000 yearly for organization expenses.
per annum are regularly paid.

Dividends of 12 per cent

Philadelphia Newtown dt New York.—Nov. 30, 1831, owned from New
town Junction to

Newtown, Pa., 21 miles. Capital stock, $1,200,000
10, 1875), the Philadelphia Ac Reading Railroad purchased
12,012 shares, giving control of the property', and guaranteed the bonds.
Earnings in 1880-81, $51,095; eli( it, $23,400.
On November

Philadelphia it Reading.—Main line, Philadelphia to Mount Carbon,

Pa., 98 miles

branch lines owrcd,233 miles; leased lines,495 miles;
miles; total operated, 892 lines. In May', 1879,
r.his company leased for 990 years the North Pennsylvania Railroad
and Delaware A: Bound Brook Railroad, and at same time gave up the
Perkiomen Railroad.
In May', 1883, leased the Central RR. of New
Jersey-, assuming all liabilities and paying 0 per cent div. on stock. In
June, 1883. the Shamokfti Siinbury A; Lewisburg was finished, and this,
;

taken by the different Peoria
RR. companies, and
they pay a rental for use of the road and also pay
terminal charges. See lull description in V. 30, p. 253. Opened Feb.,
1881.
In 18*2-83, gross receipts, $399,125; net, $183,225; balance
over interest and rentals, $78,102.
(V. 30, p. 253.)

other lines controlled, 00

Perkiomen.—Nov. 30, 1882, owned from Perkiomen June., Pa., to
Emaus June, 39 miles. The road was leased for 19 years from Aug. 1,

in connection with the Jersey' Slime Pine Creek Ac Buffalo road to Stokesdale, forms the important connection with the New York Central Ac
Hudson lines at Geneva and Lyons, N. Y. This route for coal is expected

road, and the stock of $1,000,000

1808, to Phila. Ac Read’g RR.

,

was

and bonds guaranteed by the lessees; but

the property was surrendered and all control given lip in May, 1879.
One-half the interest on the consolidated mortgage was paid for three
years in Philadelphia A; Reading scrip, according to the Philadelphia
«fc Reading compromise. Stock, $38,040. The balance, sheet gives on
the credit side $080,140 as P. Ac R. loan account and $100,980 as loan
Account

script. Net earnings iu 1880-81
(V. 32. p. 101.)

were

$122,295.

$123,129; in 1881-82,

Peterborough.—Sept. 30, 1882, owned from Wilton to Greenfield,

N. H..

11 miles. Completed Jan. 1, 1874. and leased by Nashua Ac Lowell
Railroad for 20 years from 1873 at 0 per cent on cost of the road. In
1879 lessees withheld rental, but a suit was decided in favor of Peter¬

borough.
a

James Scott. President, Peterborough, N. H.

(V. 32, p. 10.)

Petersburg.—Petersburg, Va., to Weldon, N. C., 03 miles. In May, 1877
Receiver was appointed ami foreclosure sale was decreed April 20

1880, but, steps were taken by second mortgage bondholders to prevent
sale, and reorganization was made with above bonds, and $323,500
pref. stock and $1,000,700 com. stock on Dec. 31, 1881. In 1881 gross
earnings were $300,057; net, $123,071; in 1881-2, gross, $298,543;
a

net, $138,810.
V. 35, p. 003.)

(V. 32, p. 232,444, 501, 013, 080; V. 31, p. 178, 377

;

to be of great benefit.

The Philadelphia & Reading Coal At Iron Company is a corporation
formed (Dee. 12, 1871) for the purpose of own ing and working the ex¬
tensive coal properties of this company. The Phila. Ac Read. RR. Co. owns
all the stock ($*,009,000) of the Coal & Iron Company, and the trustees
of the'ge.ueral mortgage of 1874 hold the bonds of the Coal At Iron Co.,
viz., $29,737,905 mort. of 1874, and the Phila. At Read. Co. also holds
the $10,000.000 mortgage of the Coal At Iron Co. dated 1870.
Between 1870 and 1870 the P. At R. increased heavily its capital ac¬
count in the purchase of new properties, and after paying 10 per cent
dividends for some years ceased to pay after Jam, 1876. The Co. was
unable to meet all ‘its obligations, and in March, 1877, holders of the
general mortgage bonds and Periokmen guaranteed bonds agreed to take
one-half their coupons for three years in 0 percent scrip; and holders of
convertible and debenture bonds to take 0 p. et. scrip in payment of their
coupons for five y-ears. The scrip is convertible into income mort. bonds.
In May. 1880, the company suspended payment, and on May 24
Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were

appointed receivers of the railroad and coal companies, and in May
1883, the receivers were discharged and the company returned to its
stockholders, and in July-, 1883, payment in full ol all obligations was
resumed.
The Deferred Income bonds have a claim for (» per cent interest only
.

.

Philadelphia dt Baltimore Central.—Phila. to Westchester, 20 miles;

Westchester Junction to Octora.ro

Md., 40 miles; leased Chester Creek
Railroad, 7 miles, and Columbia & P. Deposit Railroad, 4 miles; total
.operated, 83 miles. This was a consolidation, Oct., 1881, of the Phila.
«fc Balt. Central and the Westchester Ac Phila. railroads. Of the new
stock Phila. Wilm. At Balt. Holds $1,009,400.
In 18*2 gross earnings,

$003,950; net, $152,893

;

deficit after paying all charges, $5,943.

Philadelphia it Erie.—Dec 31, 1882, owned from Siinbury to Erie, 287

miles.

Formerly Sunbury-Ac Erie RR. It was leased to Penn. RR. for 999
from January 1, 1802, the lessees to pay 30 per cent of gross
receipt as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage, is guaranteed by
the Pennsylvania Railroad. The unpaid coupons of $1.831,504 are held
bv the lessee for advances. Gross earnings for eight months of 1883,
$2,656,169, net, $943,007; against $2,522,099 gross and $920,908 net
in 1882. Last annual report was in V’. 30, p. 250.
years

INCOME ACCOUNT.

1879.

Total gross

earn’gs...
Net receipts—
Net earnings
Rents

Total net income...




1880.

1881.

1882.

$
3,091,808

$
3,727,733

$
3,454,309

4,011,014

961,549
2,292

1,369,380

1,024,250

1,411.l?80

4,840

4,835

3,580

903,841

$

been paid on the stuck.
mort. $5,000,001) more 7 per cent bonds were issued
In January, 1883, the convertible adjustment scrip
was issued, secured by $4,000,000 income mortgage (see terms in V. 36,
p. -48), payable on 9 > days’ notice any time after July-, 1885, and con¬
vertible into stock at par, and the new blanket mortgage, dated in 1882,
due in 1922, is issued in adjustment of certain liabilities, and of this
mortgage $6,< 00,090 of the’first series and $5,000,000 second seriea
were listed at the N. Y. Stock Exchange in June, 1383.
Prices of Philadelphia Ac Reading stock in Philadelphia, have been:
after 0 per cent has
Under the general
in December, 1832.

1882.

1,029,085

1,415,466

1883.

294275ft27%28428 430%-

20%

July
August..
Sept’ber.

1882.
31 4-2 7 7ft

1883.

297ft- 0733
287ft- 23%
204- 24%

3130-2870
247ft
32%-27%
334-30%
20%
3238-253*
32%-30
26% October
324-27%
April
304-25%
257ft Nov’ber
29%-27%
May
3 03*-20 %
20% Dee’ber.. 28 -244
June
The annual report for ’81-82 was published in Chronicle, V. 30. p. 54.
VaJ
OSS
Gross
earnings eight months
UiWIUUSCI
iuwuuio of 1883, $17,482,987;
.w-,
, net, $7,985,747,
ag;
igaiust $13,533,9 48 gross and $5,759,057 net m 1882. Coal Ac Iron Co.
for
’or same time, gross,
gri
$10,477,659; net, $278,619; iu 1882, gross,
March...

....

$9,309,932; net, $594,024.

.

.

table shows a comparison between the results of the
ears’operations. The earnings of the railroad company for the
fiscal year ending Nov. 30, were as followsThe following

two y

1,374,220

3350-2938

Jan
Feb

RAILROAD

64
Subscribers will confer

a

Miles

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

of

see notes

Road.

Philadelphia <£ Erie—(Continuedi—
1st inort., SunburyA E. (extended 20years in ’77).

187-902

Date
of
Bonds

40
287
287

2d mortgage
General M., g., guar by Pa.RR.($5,203,000 rg. 5s)
Phiia. GermanVn d} Chestnut Hill—1st mort., guar
Philadelphia Germantown d Norristown—Stock.
Bonds, guar, by Pliila. A Read., coup
Philadelphia d Reading—Stock, common

21
892

Preferred stock.

....

....

do
convertible, coupon
do
coupon
Consol, mort. ($8,193,000 are gold 0s) cp. or reg.
Improvement mort., gold, $ or £, coup
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
Income mortgage, $
Consol. M, of ’82, 1st ser., gold (for $80,000,000).
2d series (for $80,000,000)
do
Debenture loan, coup
do
convertible, coupon

bonds,

*

-

•

....

....

....

$1,000

$976,000

1,000
1,000

....

....

3,000,000
13,943,000
1,000,000
2.231,900
1,200,000
700,000
32,831.375

50
50
100 Ac.
50
50
£500

....

....

....

....

....

currency...

....

....

....

....

....

....

....

....

Pittsburg Bradford & Buffalo—1st mort.,coup., g’ld

■

88

1880-81.-

1,000
500 Ac.

1,499,500
79,000

1,000
200 Ac.

2,700,000

,

1,000
1,000

1,000
500 Ac.
500 Ac.
200 Ac.
100 Ac
10 Ac.
90 Ac.

....

....

1883
1872-4
1872

....

500 Ac.

1,000
100
50

....

....

1867
1872-4
1875
1880
1881

1,000
1,000
-

Gross

Earnings.

Earnings.

$8,122,493

$20,333,649

439,468

841,143

667,153

287,770

80,544

2,710

648,490
66,834

i-.

1,000

Income account for 1882

as

Total
Interest and 8 per cent dividends

*

Renewal fund, balance transferred
Total

Depreciation of securities, Ac
Sundry accounts
Extraordinary improvements of the road
Balance Nov. 1, 1882
—(V. 33, p. 218; V. 34. p. 59; V. 36, p. 282.)

$91,181

Total

Balance, surplus
*

2,696,581
•$
801,048

833,625
136,980
105,000

842,480

16,144

27,241

913,018

1,950,713

412,002

174,944
105,000

$
819.464
846,769
181,7 / 7

105,000
170,445

2,123,455
745,SOS def. 258,782

Exclusive of Col. Chic. A Ind. Cent.




J. A J.
J. A J.
J. A J.
A. A O.
6 g. or 7 J. A D.
6 g. A. A O.
7 A 6 g. J. A J.
7
J. A D.
5 g. M. A X.
5 g. F. A A.
6
J. A J
7
J. A J.
6
J. A J.
6
J. A J.
6
6
J. A J.
6 A 7
Various
7
M. A S.

do

6
6
6
7

21-3

do
London.

Philadelphia, Office.
do
do

do
do

Philadelphia A London.
do
do

do
do

Philadelphia, Oflic8.
Pliila, and London.
do
do

Philadelphia, Office.
do
do

do
do

Philadelphia A London.
Philadelphia A London.
Philadelphia, Office.
do '

do

Philadelphia, Office.'
J. A J.: Philadelphia A Boston.
A.
A.
A.
J.
A.

A
A
A
A
A

July 25,1876
July, 1910
July, 1910
July, 1886
Oct. 1, 1893
June, 1911
Oct, 1, 1897
July 1. 1908
Dec. 1, 1896
Feb. 1, 1933
Feb. 1, 1933
July 1, 1893
Jan.

Q.-J.

4
6
6
6
5
9 g.

0.
do
do
O. Phil’delphia, Co.’s Office
O.
do
do
D.
do
do
O. N.Y., Nat. Bk.Republic.
r

1,

1893

July, 1882
July, 1882
Jan. 1, 1888
1892 to 1894
1892
Oct. 10, 1883

July 1, 1883
April, 1887
Oct,

1. 1892

April 1. 1900
June, 1910

April 1, 1911

1S79.

1880.

1881.

1882.
$
'

All other dues A acc’ts
Due Little Miami RR.
Due C. C. A I.C.RR,.
Cin. Street Conn. bds.
Miscellaneous
Prolit A loss balance.

Total liabilities.

.

317,855
660,293
1,202,432
541,607
237,543
64,639

19,942,295
58,399
283,000
706,241

1,076,528
625,859
462,183
61,639

37,504

19,979,033
58,399
283,000
835,376
980,133
732,474
297,465

19. ,995,963

1

64,639
376,393

57,299
283,000
656,777
,001,034
832,930
437,707
04,639
282,465

23,0(52,567

23,219,144

23,606,942 23,

2,508,000
5,929,200
12,497,000
726,893
888,783

2,508,000
5,929,200
.12,497,000
784,754
891,189
184,601

2,508,000 12,
5,929,200 to,
12,617,000 12,
1
1,118.636
853,890
847,390
184,601
184,601
262,500
262,500
133,085
50,989

•

184,601

262,500
65,590

262,500

23,062,567

23,219.144

64,849
97,051

23,606,912 23,611,814

*

Includes supplies March 31, 1875, transferred.
t Of which $367,950 common and $2,950 preferred is Steub. A Ind
stock unconverted.
-(V. 34. p. 292,345, 486: V. 35, p. 133; Y. 36, p. 340, 55 8; Y. 37, p 127.)

Pittsburg d Conncllsville.—Sept. 30, 1882, owned from Pittsburg, Pa., to

$1,000,600, and the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore A Ohio. It is operated as the Pittsburg Division
of the Baltimore A Ohio Railroad.
In February, 1880, a judgment in

favor of B. A 0. Co. was confessed for $4,354,748.
Stock is $1,944,400.
In 1879-80 the net earnings were$l,011,827; in 1830-81, $1,124,473; in

1881-2, $1,542,125.

Pittsburg Fort Wayne d Chicago.—Dec. 31,18S2, owned from Pittsburg,
Pa., to Clue., Ill., 468 miles. Ti»e company’ made default Oet. 1. 1857. and
again in 1859. and was foreclosed Oet. 24, 1861, and reorganized under
this title Feb. 26, 1862.
On June 27, 1869, the company leased oil its
road and property to the Penn. RR. at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The rental charge
is about $2,930,000 per year, and the profit to lessees has been large.
The Pittsburg Ft. Wayne A Chicago leases the Newcastle A Beaver
Valley and the Lawrence roads, which in turn are leased again by the

209,152

$1,405,585

1,864,673

Q.-J.
Q.-J.

$332,013
1,165,816
176,908

1SS2.

$
1,383,923
19.636
609.271

86,521

1

Oct. 1, 1897
Jan. 25,1876

212
31«2

1,522,843

INCOME ACCOUNT.*

$
821.299

Pliila., 227 So. 4tli St.
Philadelphia, Otlice.

Mt. Savage June., Mil., 147 miles; branch, 2 miles; leased lines, 22 miles;
total, 171 miles. On Dec. 13 1875, the property was leased to the Balt.
A Ohio RR., and t>ossession given Jan. 1, 1876. The P. A C. is credited
with all the earnings anil charged with all the expenses. The city of
Baltimore transferied its interest to the Baltimore A Ohio Railroad for

Pittsburg Cincinnati d St. Lou is.—December 31, 1S82. owned
Pittsburg, Pa., to Columbus, Ohio, 193 iriles; branch to
Cadiz, Ohio, 8 miles; total, 201 miles.
This wai a consolidation
of several companies, May 1, 1868, including the
Steubenville A
Indiana and the Pan Handle roads.
This compaii}- is controlled
by the Pennsylvania Company, through the ownership of a majority of
its stock. This company also held leases of the Little Miami and its
dependencies and of the Columbus Chicago A Indiana Central road,
Operated by' the Pennsylvania Company, and their earnings separately
stated.
Common stock,
first nrefe'red, $2,929.200;
$2,508,000;
second preferred, $3,000,000; par value of shares, $50.
The interest
on the second mortgage bonds, due from October 1,
1875, to April 1,
1878, inclusive, was paid in 1880.
Comparative statistics for four years were as follows:

2,325,050

Sept. 3, 1883

A. A O.

Stock, common
Stock, preferred
Bds. (see Supflem’t).

from

Total income
Disbursements—
Rentals paid
Interest on debt
Other interest
lilt, on C. A M. Val. bds.
Loss on St. L.V.AT. II.

j

6

Total assets
Liabilities—

Pa., 82 miles;
6 miles; Saw Mill Branches, 6 miles; total, 91 -miles.
mile. Stock authorized, $1,000,000, par $100;
issued, $550,000. Earnings 1882, $117,680; net, $10,134. Charles
W. Mackey, President, Franklin, Pa. (V. 35, p. 51, 133, 236, 737.)

3 4,022
711,466

Oct.

Phiia., Treasurer of Co.

Cash ou baud
Add’ns to Cin. 8. C.Ry
Protit A loss balance.

Pittsburg Bradford d Buffalo.—Foxburg to Kane,

1,599,562

do

Q.-M.

Materials, fuel, Ac.*..

$1,674,737

107,395—

$
1,309,313
22,670
532,690

Philadelphia A London.

....

do

3

...

10,575

1881.

Q.-J.

1, 1897
July 1, 1888
Juljr, 1, 1920

4*2

Bonds owtmd, cost
Betterm’ts to l’sed r’ds
BillsA aec’ts rec’vable

Clarion Branch,

$
2,032,682
16,041
647,858

Stocks—Last
Dividend.

Philadelphia, Pa. RR.

Ac... 19,942,295
Stocks owned, cost...
58,399

Bonds issued at $8,000 pr.

1880.

Payable, and by

A. A 0.
A J.

A ssets—
RR. equipment,

$1,751,597
103,258
$1,854,856

year
Profit and loss Nov. 1, 1881

Bonds—Princi¬
pal, When Due.

Whom.

J.

■

Earnings.
$8,861,139
332,452
271,548
Loss. 17,54 3

Surplus for the

Net earnings
Rentals and interest.
Net from leased roads
Miscellaneous

7
7
5 A 6 g.

Where

LANCE AT CLOSE OF EACH FISCAL YEAR.

follows:

Interest, profit on Delaware lease, Ac

Receipts—

Payable

Net

$20,279,244 $8,852,443
$21,890,116
$9,447,596
The joint statement of the Railroad and the Coal and Iron companies,
showing the earnings and expenses, the fixed charges for interest,
rentals, Ac., are given as follows:
Gross
Op. Exp. and
Net
Year.
Revenue.
Revenue. Interest, Ac.
Rentals.
Deficit.
$26,937,880 $23,493,880 $3,444,005 $6,261,865 $2,817,859
32,177,003
26,682,024
5,494,978
6,704,965
1,209,986
28,598,114
35,286,463
6,688,348
6,505,093 prof. 183,256
37.300.161
30,053,228
7,246,933
6,303,989 prof.882,944
—(V. 35, p. 44, 132, 189, 236,206, 374,487, 603,706,737; V. 36, p.30.48,
64, 82.196, 221, 253, 332, 340. 366, 480, 511, 561, 574, 591, 652, 707,
724, 731; V. 37, p. 127. 235, 3 13.)
Philadelphia d: Trenton.—Kensington, Pa., to Morrisville, Pa., 26
miles. On Dec. 1, 1871, it was leased with the United Companies of
New Jersey to the Pennsylvania Railroad, at 10 per cent on stock, and
is operated as a part o! its New York division.
Philadelphia Wilmington d Baltimore.—Dec. 31, 1882, owned from
Philadelphia,, Pa., to Baltimore, Mil., 96 miles; Port Deposit Branch, 4
miles; Southern Division to Rodney A Newcastle, Del., 12 miles; total,
main linv anil branches, 112 miles; Delaware RR. (leased), 95 miles;
total operated, 207 miles. Owns over half the stock of the P. A B. Cent.
In April, 1881, nearly the whole stock was purchased and is held by

1879.
$

Cent.

700,000
800,000
1,000,000
800,000

Total

Penn. RR. Co.
Net earnings

.

18,811,000
9,364,000
24,686,000
2,154,000
6,000,000
5,000,000
1.124,900
10,395,000
3,261,380
3,813,680
25,351.651
'?)
12,3 17,000
1,731,000
1,259,100
11,795,050
1,000,000

1.000
-

When

1881-82.Net

Earnings.
$18,612,4-10
919,105

Richmond barges.

967,200

1882
1883
1868
1873
1877
1877

26
112

Plain bonds, loan
do
do
do
do
do
do

—

[Voi.. XXXVIT.

Rate per

1,551,800

1876,

....

Philadelphia d: Trenton—Stock
Philadelphia Wilmington d Baltimore—Stock

Gross

....

1843
1843-9
1857
1868
3 871
1873
1874

....

Scrip general mort. and Perkiomen, 0, sterling..
Deferred Income bonds
Conv. adjustment scrip (for $1,000,000)
P. & R. Coal A I., purchase money mort. bonds...
do
debenture loan

Railroad traffic...
Canal traffic
Steam colliers

•

....

Outstanding

1868
1869

....

892

Mortgage loan, sterling, coupon
do
dollars, coupon

Amount

Value.

,1

29

...

guar,

BONDS.

INTEREST OR DIVIDENDS.

or

Pai-

1857

....

-

Size,

Philadelphia Newtown d} New York—Stock

Bcripdeben. and

AND

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

DESCRIPTION.
For

STOCKS

2,099,351
$
825,447
851,990

222,985
105,000

2,005,422
93,929

Pennsylvania Co.

r

The first mortgage

bonds are in six series lettered A to F inclusive,
series, the interest on “A” series being payable Jan.
it is February and August; oil “C” it is March and
September; on “D” it is April and October; oil “E” it is May and Nov.,
and on “F” it is June and December. The second mortgage is also in
six series of $60,000 each, lettered II toM inclusive (J omitted), and the
interest is payable Jan. and July on “G” series, Feb. and Aug. on “ H,”
March and Sept, on “ I,” April and Oct. on “K,” May and Nov. on “ L,”
and June and Dec. on “M.” The bonds are coupon, but may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,337,500, anil of
the 2d mortgage $1,587,500, and $354,OSS cash, were held in the sink¬
ing funds Jan. 1, 1881. The special improvement stock is issued to
Pennsylvania RR. for improvements, Ac., under article 16 of lease, viz.
Article 16. The party of the first part hereby agrees that, for the
purpose of enabling the party of the second part to meet the obligations
of the party of the first part to the public, by making from time to time
such improvements upon and additions to the said Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the tiist part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities.” * * * “ The said party of the second part
shall guarantee the payment, semi-annually or quarterly, thereon of
such rate of interest as may be agreed upon between tin* parties hereto,
to bo paid by the said party of the second part to the holders thereof
without deduction from the rent hereinbefore reserved; and the said
special stock, or bonds, or other securities, shall be issued only in respect
{(/improvements of and additions to the said railway which, and esti¬
mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing.” * * *
Operations and earnings for live years past were us iqjiows
of $875,000 each
and July; oil “B”

RAILROAD

October, 1833.J

STOCKS

AND

BONDS

65

Subscribers will confer a great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For

explanation of column headings, Ac.,
on

first page

of tables.

see notes

Miles
of

Date Size, or
of
Par
Road. Bonds Value.

INTEREST

Amount

*■

Rate per When
Cent.
Payable

Outstanding

Bomts—Princi¬
pal, When Due.
Where Payable, and by
Stocks— Last

OR

DIVIDENDS.
Whom.

,

Dividend.

-

Pitts. G.& St.L — 1st M.,
2d consol, mortgage

consol., reg. and coup

1st mortgage, Steubenville A Ind.,
Col. & Newark Division bonds

200
200
117
33

reorganized...

Holliday’s Cove HR. mortgage bonds
Pittsb. <b Connellsville.—1st mortgage

mortgage Turtle Creek division
Consol, mort.,guar. B. A O. (s.f. £7,200 pr. yr.)..
Pittsburg Ft. Wayne d Chicago—Stock, guar
Special improvement stock, guaranteed
1st mort. (series A to F) i Bonds all coupon, but
2d
do
(series G to M) > may be made payable
3d mortgage
)
to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
let

....

....

149
10
149
468
468
468

1868
1859
1876

468
....

....

70
70
30

gold, coupon
pittsb. Va. it Charleston— 1st mortgage, gold
Pittsburg Youngstown ib Chicago—Stock
Pittsburg d- Western.—1st mort., g. (for $6,000,000)
Pomeroy ib Newark—Stock.
.Port Jervis d- Monticello—Stock
Poi't Jloyal ib A ugusta—1st mortgage
General mortgage income bonds, coup
Portland cb Ogdensb.—1st mort., gold
Mortgage ifor $3,300,000)
Portland ib Rochester —Stock ($000,000)
1st mortgage,

187-90

New bonds

....

!

Freight (ton)

Years. Miles
Mileage.
Mileajj :e.
1878... 468
77,819,493
037,470, 506
1879... 468
86,406,476
803,053, 260
1880... 468 104,287,111
806,257, 399
1881... 468 130,470,409 ]L,044,447, 161
1882... 468
-(V. 32, p. 5 77.)

,

.

.

.

.

.

9S

1878
1878
1870
1871

100
500 Are.
500 Arc.
500 Arc.

expenses

100
100
500
100

.

1877
1875
1872

i

;

....

Philadelphia.

July. 1898
Aug. 1, 1889
Jan. 1,
Oct. 3,
Oet. 2.

1926
1883
1883

July 1, 1912
July 1, 1912
July 1, 1912
Jan.

1.
Mob. 1,

1887
1884
1883

July 1. 1928
April 1, 1902

800,000

6
6
6 g.

2,268,000

6 g.

J.
J.
J.
M.

A J.
A J.
A J.
A N.

J.
J.
J.
J.

A J.
Boston, Otlice.
A J.
Portsmouth, Treas,
A J. Bost., Eastern RR. Co.
A D.
do
do

July 15, 1883

J. A J. Providence,Am. Nat.Bk
J. A J.
Providence, Oiliee.
A. A O.
do
do

July 1, 1892
July 2, 1883

3 Broad St.

July 1, 1921

1877

$7,872,47 6

$3,520,035

8,461,56 3
10,09(5,81 9
10,741,490

3,720,208
4,773,210

Net

3
3
3
4 Hz
7
7
3

770,000

1.000.000

535,000
500,000
2,500,000
1.242,000
1.873.000

Div’d
p.

et.
7
7
7
7
7

4,833,005’
4,303,403

N.

Y., 252 Broadway.
do

Portland, Treas. Oiliee.
do

do

Jan. 1, 1899
Jan. 1, 1S99
Jam, 1900

Nov., 1901

580,168

1.000
100

6

Jan.-

1, 1883

July 15, 1873
July 2, 1937
1905

1897

Hampshire at 0 per cent per annum on the stock. Operated now by
Eastern (Mass.) Frank Jones, President, Portsmouth, N. II.
Portsmouth Great Falls d; Conway— Owns from Conway Junction, Me.,
to North Conway, N. II., 71 miles.
The Eastern Railroad in Massa¬
chusetts has made a lease of the road for 60 years from December 1,1878,
with a guaranteed rental of $45,000 a year, which pays 4 Hz per cent on
$1,000,000 bonds, and the stock is to receive the same dividends as the
Total stock, $1,150,300, of which lessees own

stock of the lessees.

1881-82.

1880-81.

272,112

$350,085

280,227

241,198

.

Gross

Earn'gs.

94
91

$270,783

94
94
94

292,059

Net Earn’gs

$*83,574

271,493
304,245
354,1 73

92,295

102,095
r

91.077

100,301

V. 30, p. IGS.)

Portland Saco ib Porlsinouth.- Portland, Me., to
Portsmouth, N. II., 51
miles.
It was leased May 4, 1871, to the Eastern
Railroad, Mass., at 10
per cent, on stock. Lease rental changed May 21, 1877. and now 0
per cent. No debt.
Portsmouth ib Dover.—Portsmouth, N. II., to Dover,
N. H., 11 miles.
Opened February 1,1374, and leased for 50 years to Eastern of New




N. Y., Phila. A Pittsb.

Jam. 1900
1893

A J. New York.

•2 50,000
1.500,000

500 Ac.

$320,231

;

J. A J.
A. A O.

Aug. 1, 1900
April 1, 1913
May. 1884

J.

769,000

1882-83.

V. 33, p. 401; V. 34, p. 175

F. & A. Phila., Pa., RR. Otlice.
A. A O.
do
do
M’litlilv i N. Y., 160 Broadway.
J. A J. Pliila., Penmi.RR. Otlice
F. A A.
J. A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
I. A J. London. JJS.MorganACo
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q—J.
Various
do
do
Various
do
do
A. A O
no
do
J. A J.
do
do
M. A S.
do
no

d g.

1,500,000

verted into the stock of the new company.
Gross earnings in 1880-81,
$108,328 ; net, $15,034; in 1831-82. gross. $201,847; net, $0,520. (V.

32,i*. 181

4,000,0 00
3,099,000
500,000

100
100

!

Earnings,

follows:

1881-2

2.000 000

ioo

$307,loo

Miles.

7
7
7
7
8
10 s.
6 g.
7 g.

1,000,000
2,050,000
2.000,000

Arc.
Are.
Ac.
Arc.

$31,987
$40,000
$111,887
—(V. 32, p. 350; V. 33, p. 589, 021.)
Portland ib Ogdensburg.—Sept. 30, 188*2, owned from Portland
Me.,
to Fabyaus, 91 miles.
It reaches the Vermont Division (now St. Johnsbury A Lake Champlain) by using 14 miles of the Boston Concord A
Montreal RR. and a 3-mile link of its own. The city of Portland owned
a controlling interest in the stock, which is
$l",052.iso. A suit in
equity was begun by holders of the 1871 mortgage in February, 1381,
but contested by the city. Earnings of this road lor live
years past
Years.

1*4
1*4

2,000,000
100,000

1,000

Net earnings.

were as

6 g.

5,250,000
5,160,000

50
1.000
1.000

,

Operating

6
7
6
7
6

8.1(0.000

1,000
1,000

Pittsburg ib Lake Erie.—Doc.31, 1882, owned from Pittsburg, Pa to
Youngstown, O., 08 miles ; branch line to Newcastle, Pa.. 2 miles ; total,
70 miles. Scrip certificates-for $110,000, bearing 0 percent interest
and payable at will, have been issued as dividends on stock. Gross
earnings in 1880, .$341,200 ; net, $142,244. In 1881 gross, $1,041,003;
net, $008,704.
In 1882 gross, $1,200,748; net, $5o8,704.(V. 34, p. 59;
V. 35, p. 103; V. 30, p, 107, 501, 591, 075.)
Pittsburg Virginia ib Charleston.—From Birmingham, Pa., to Browns¬
ville, Pa., 53 miles.
The stock is $1,504,900. The bonds, $2,000,000, besides $208,100 debt certificates,, and of the stock $1,251,050,
are owned by the Penn. RR.
Net earnings in 1881 $127,141, against
$127,952 in 1882.
Pittsburg d Western.—This was a consolidation of several roads dated
June 15. 1881. In Oct. is, 1883. c msolidatiou was in progress with the
Buffalo Pitts. A West, with a stock of $7,250,000. The mortgage was
executed Oct. 1, 1881, to the Mercantile Trust Co., covering the pro¬
jected line from Allegany City, Pa., to Youngstown, O., and New¬
castle, Pa., to Red Bank, Pa., and Junction to Parker,Pa., in all about
200 miles. Also the rights secured by the, contract of the Wabash, Central of New Jersey and Rochester A Pittsb. combination. Stock, $0,00;*,000.
In 1881-82 grass earnings, $178,141; net, $14,939. Jas. Gal¬
lery, President, Pittsburg; Solon Humphreys, Vice-President, New
York.
(V. 34, p. 401; V. 35, p. 103, 200, 431, 510; V. 37, p. 392.)
Pittsburg-Youngstown <b Chicago.—(V. 33, p. 75 ; V. 34, p. 401; V. 35,
p. 103.)
Pomeroy ib Newark.— Pomeroy, Pa., to Newark, Del., 27 miles. For¬
merly Penn. & Del. RR., then Pomeroy A State line, then reorganized
in 1881 as above.
Operated by Pennsylvania Railroad.
Port Jervis <£• Monticello.—Sept. 30, 1882, owned from Port Jervis, N.
Y., to Monticello, N. Y., 24 miles. Formerly the Monticello A Port
Jervis RR., which was sold in foreclosure July 10.1875* uml reorganized
as the present Port Jervis A Monticello. Gross earnings in
1880-81, $28,171; (letieit, $15,018; 1881-32, gross, $31,920; deficit, $4,123. The
stock is $724,270, issued to the former holders of first
mortgage bonds.
Port Royal ib Augusta.—Sept. 30, 188 2, owned from Port
Royal, S. C.
to Augusta, Ga., 112 miles. Leased in Sept., 1883, the
Augusta A
Knoxville road, Augusta, Ga., to Greenwood, 8. 0., 08
miles, for 99
years, at 5 per cent on stock of $127,039, and assuming tire bonded
debt.
Formerly Port Royal Railroad.
Defaulted Nov. 1, 1873, and
receiver appointed May 9, 1875. Sold in foreclosure June 0,
1878, and
purchased for the bondholders, who organized this company.
The
Georgia Railroad was endorser on $500,000 of the old bonds. The stock
is $750,000, and in June, 1881, a controlling interest was
purchased
by Central Georgia RR. parties. Earnings for 1832-33 compared with
previous years as follows:
Gross earnings

1118887779069---9020.

100

....

Gross
Earnings

10,891,87 0

4

724.276

11

Raleigh <£• Augusta—Stock ($1.'000,000 prof.)

rr

4,000,000
326,000
6,292,000
19.714.285

50

71
71

Providence ib Worcester—Stock

1,000
100 etc.
£200

1881

69
94
53
51

42
23
66

1871
1862
1862
1862
1857
1874

7

120.000

....

....

....

mortgage
."
Poughkeepsie Hartford ib Boston—1st and 2d mint.
Providence ib Spring/.—1st M. ^end. by City Prow).

2,500,000
3,000,000
134.000

1878

24
112

1st

$6,863,000

1,000
1,000
1,000

....

’*27

Portland Saco <£• Portsmouth—Stock
Portsmouth <b Dover—Stock.
Portsmouth Gt. Falls <b Conway—,Stock

$1,000

....

-

468

Equipment bonds (renewed)
Pittsburg d- Lake Eric—Stock

Passenger

1868
1873
1864
1864

$551,300.
Poughkeepsie Hartford d- Boston.—Sept. 30. 18S2, owned from Pough¬
keepsie, N.‘ V., to Now York State Line, 47 miles. The Poughkeepsie &
Eastern ItR. was opened in 1872, and was sold im foreclosure May 15,
1875, and the present company organized. It connects with the Connec¬
ticut Western RR. The 1st mortgage bonds are $35,000, 2d mortgage
$500,Ouo The stock is $850,000. In 1880-81, gross earnings, $59,232 ;
In 1381-2, gross earnings, $(>8,403; expenses,
expenses, $54,815.
$59,496. G. P. Pelton, President. Poughkeepsie, N. Y.
Providence d Springfield.—Providence, R. L, to Paseoag, 23 miles. It
is proposed to extend the road to Springfield, Mass.. 80 miles. Stock is
$517,150. In 1880-81, gross earn’gs, $89,328; net, $42,485; in 1881-82,
gross,$96,252; net, $34,997. William Tinkliam, Pres., Providence, R. I.
Providence ib Worcester.—Sept. 30, 1S82, owned from Providence, R. I.,
to Worcester, Mass., 44 miles; branches, 7 miles; leased Milford A Woon¬
socket RR. and Hopkinton RR., 15 miles ; total operated, 66 miles.
In
1881 new stock for $500 oOO issued for improvements. The notes pay¬
able Sept. 30, 1882, were $420,000. Opera.urns and earnings for three
years past were as follows:
Pa senger
Freight (ton) Gross
Net
Div.
years.
Miles.
Mileage.
Income,
Mileage.
Income.
p. c.
66
15,941,739
23,069,729 $J,064,SOI
$332,813
6
66
22,211,710 1,039.0/1
17,439.529
5
303,457
1831-82.. 66
19,977,254
25,023,982 1,147,514
310,897
6
-(V. 35, p. 5 77.)
Raleigh ib Augusta— July 31, 1882, owned from Raleigh, N. O., to
Hamlet, N. C 93 miles. Formerly Chatham Railroad, and is controlled
by Raleigh A Gaston. Earnings 1881-82, $222,351; net, $53,336.
Raleigh d: Gaston..—From Raleigh to Weldon, N. C.. 97 miles. Stock,
$1,500,000. Dividend of 3 per cent paid October, 1881. Earnings for
live years were as follows:
..

..

,

Years.

Miles.
97
97

(14 months)

97
97
97

"

Gross

Net

Earnings.
$234,511
439.785

Earnings
$85,756
107,185
115,343
53,3o4

446,951

99,294

242,478
295,051

Reading d: Columbia.-Nov. 30. 1882, owned from Columbia to Sink¬

ing Springs, Pa., 40 miles; branches, 8 miles; La'neaster A: Reading
Railroad, leased, 15 miles; total operated, 03 miles. Stock, $958,268.

The road is controlled and operated by

Philadelphia A Reading, hut
The tirst mortgage 7 percent bonds, due
1882, were extended 30 years at 5 per cent. Gross earnings m 1880-81,
$391,184; net earnings, $138,794; payments for interest and rental,
$94,500; 1881-S2 gross. $432 995; net, $133,611; in‘erest and rental,
$114,750. (V. 34, p. 282.)
Rensselaer d Saratoga.—Sept. 30, 1882, owned from Albany to Lake
Champlain, N. Y., 79 miles;0 Troy to Waterford Junction. N. Y . 6 miles;
Whitehall. N.Y., to Castletou, Vt., 14 miles; Eagle Bridge to Rutland,
Vr., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15
miles; Fort Edward to Caldwell, 15 mhos’; total operated, 193
miles.
Tt was a consolidation of several lines, and the Delaware &
accounts

kept

separate.

Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
on the stock and 7 per cent on the bonds.
Operations and earn¬
ings for three years past were as follows:
cent

Freight (ton)
Gross
Net
Div.
Mileage.
Earnings.
Earnings, p.c.
21,797,913
54,333,707 $1,82 4,313 $865,372
8
23,427,570
55,989.982
1.922.002
762,637
8
28,378,001
65,388,489
2.104,596
828,908
8
Alleyhany.—Dee. 31, 18s2, owned from Richmond 1o
Williamsons, Va with branches to Lexington, 25o miles, and leased
Henrico RR., Lorraine to Hungary Station, 11 miles; total operated,
The company owns by purchase the property and fran¬
261 miles.
chises of the James River A Kanawha Canal Co., including water
power ou James River. The stock is $5,000,000, and there is also a 2d
mortgage subscription loan of $1,250,000. In June, 1881, cousolPassenger
Mileage.

Years.

Miles.
183
1,83
1381-82. 193
Richmond ib

,

i lotion with the Ohio Central was voted, but never consummated.
In May, 1884, default was made on second mortgage coupons, and on
June 23 receivers were appointed. (See Cmuoniclk, V. 36, p. 7/4.) An¬
nual report was in V. 37, p. 200. Net earnings in 1832, $206,212.

V. 3 7, p. 23, 200.)
1882, owned irom Richmond, Va., to
Danville, Va., I ll miles; branches, 12 miles; Danville, Va., to Greens¬
boro, N. 0., 47 miles; Salem .Junction to Salem, 25 miles; leased: West
Point, Va.. to Richmond, 33 miles; Goldsboro, N. C., to Cnariotte. 223
miles; Charlotte, N. U, to Atlanta, 269 miles, and narrow sauna
V. 3.>, p. 707 ; V. 36, p. 724 ;
Richmond ib Danville.— Sept..

—,

branches, 70 miles; total owned and leased, 825 miles,

66

IfAILBOAD

Subscribers will confer

a

Miles
Date
of
of
Road. Bonds

For explanation of column headings, &c., see notes
first page of tables.

Raleigh <t Gaston—1st mortgage
Reading d Columbia— 1st mort, coup, (extended)..
2d

mortgage,

97
40
40

coupon

Debentures
Lancaster & Reading, 1st mortgage
Rensselaer d• Saratoga—Stock
1st mortgage,

....

15
193
79
250
250

consolidated (for $2,000,000)

Richmond d Alleghany— 1st mortgage, gold
Second mortgage, gold ($4,000,000)

Improvement bonds ($300,000)

Richmond & Danville— Stock
3d mortgage, (consol, of 1867) coup, or reg
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River & Ones., 1st mortgage
do

do

2d

141

141
48
29

38
38

mortgage

-

Dollar loan

Coupon bonds of 1890
Coupon bonds of 1901
Richmond d Petersburg—Stock
1st mortgage, coupon

•• •

•

m

m

.

Consol, mortgage
Richmond d TFes( IV. Ter. R. d IF. Co.— Stock
Trust notes, secured by collateral
Rio Grande d Pecos— 1st M.. gold ($20,000 p. in.)...
Rochester d Genesee Valley—Stock
Rochester d Pittsburg.—1st mortgage
Consol, mortgage
2d mort. for terminal facilities
EEquipment bonds (car trust) in 3 series
Rocck Islandd Peoria—Stock
1st mortgage

u

m

,r

1867
1874
1882
1868
1873
1873
1880

1,000

350,000
6,854,100

1,000
1,000
1,000

4,925,000

n uo
was

mvu

w

/

x

uv;

xv.

v.v

i/.

....

....

.

.

.

.

....

400,000
57,327
316,594
150,000

300,000
1,009,300
100,000

100

1,000

500 &e.
100

1882

1,000

139,000
15,000,000

When

Payable

8
5
7
6
7
4
7
7 g.
6 S-

J.
M.
J.
J.
J.
J.
M
J.
M.

2 r
G
6 g.
6
8
6
8
6
6 g.

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

&
&
&
&
Ac
Ac
&
&
Ac

Bonds—Prinoi

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

Dividend.

J. Phila.,Pa.,& Ral’gh.N.C.
S.
Phila., Co.’s office.
D. Columbia, First Nat.B’k
D.
Phila., Co.’s Office.
J.
do
do
J. N. Y., Nat. B’k Com’rce
N. N.Y., Del.&H.Canal Co
J. N. Y., No. 2 Wall Street.
N.
do
do

1881
1882
1883

1,000
1,000
1,000

Var’s

1.000

25,000

>»
was

"

Richmond Fredericksburg d Potomac.—Sept. 30,
1882, owned from
Richmond, Va., to Quantico, 82 miles. In November, 1881, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
mon stock (70 percent on each shaie), to
represent money spent on
the property out of earnings. The common stock is $1,030,
100, and
guaranteed stock is $500,400, and “dividend obligations” $720,200.
A dividend of 2 per cent was paid July 2, 1882, on stock and
dividend
obligations. Gross earnings in 1880-81, $406,927; net, $208,740. In
1881-82, gross earnings, $439,875; net, $172,543.
(V. 35, p. 625.)
Richmond d Petersburg.—Sept. 30, 1882, owned from
Richmond to
Petersburg, Va., 23 miles; branch, 2 miles; total,25 miles. The road
has earned moderate dividends and the debt account is
very small.
In 1881-82 gross earnings, $174,378; net, $56,596.
Richmond d West Point Terminal Railway d Warehouse Go.—This com¬
pany was incorporated by an act of the Legislature of Virginia of March
8,1880. It is the auxiliary corporation of the Richmond Ac Danville
syndicate controlling several stocks by ownership of a majority.
In April, 1882, the stock was increased from $5,000,000 to
$15,000,000,
the old stockholders taking two new shares at $25
per share for each old
Share owned. The Richmond Ac Danville Company owns
$7,510,000 of
this stock.
Its stock was placed on N. Y. Stock
Exchange in November,
1881. ana the balance sheet was published in the
Chronicle, V. 33, p.
589. The company owned the following stocks, viz.:
$2,550,000 Rich¬
mond <fc Danville Extension Co., $120,000 Northeastern Railroad of
Georgia, $3,166,300 Western North Carolina RR., $100,000 Knoxville

368,000
6 perSpartanburg
Knoxville
Augusta
1st mort.
6 per cents,
fage
cents, $100,000
Ac Asheville
1st &mort.
6 percents,
$850,000
West¬
North Carolina
6
ern

con.
per cents, $15,700 miscellaneous
township
In Jan., 1883, the above trust notes were issued at
90, secured
by a deposit of stocks and bonds as collateral. See V. 36, p. 56, 109.
—(V. 35, l*. 735 ; V. 36. p. 56. 109.)
Rio Grande d Pecos—Laredo on Rio Grande
River, to Santa Tomas,

bonds.

27 miles, to the company’s coal lands of 20,000 acres.
Mortgage
issued at $16,000 per mile single, or $20,000 per mile of three rail
track.

Various
J.
M.
J.
A.
M.

&
Ac
&
&
Ac

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

Ac
Ac
Ac
Ac
Ac
Ac

6
6 g.
3
6

150,000

6
6

j J.

10

Richmond, Office.

J. Phil..Townsend W.&Co.
N.
Richmond, Office.
J
Richmond, Office.
O.
do
do
N.
do
do

J. N.Y. Central Trust Co.
I>. N.Y., Mercantile Tr.Co.
J. N. Y., b v N.'Y. L. E. Ac. W. C o
A. N. Y., Union Trust Co.
I).
New York.
N.
N. Y.. Gallatin Bank.
do
do
Ac D.
Ac J. N. Y., Corn Excli. Bank.

7
2L>

Nov., 1921

July 1, 1920
May 1, 1910

N. Y.. Met. Nat. Bk.
Aug. 15, 1882
& N. N. Y., Central Trust Co.
May 1,'85&’90
& J.
do
do
1915
Ac O.
do
do
April 1, 1927
Ac O.
do
do
1888
A O.
Richmond.
1902
& J. N. Y., Central Trust Co.
1894
& N.
Richmond.
1890
J.
London.
1885

8
6
3
8
G Ac 7

555,200
1,300,000
3,900,000
600,000
724,000
1,500,000

Jan., 1898
1912
June, 1884
Dec. 1, 1917
July 1, 1893
July 2, 1883
Mch. 1,

Q.-F.

5, 6, 7

2,000,000
500,000

100

—




1879-0

500,000
500,000
900,000

1,000

5,000

1878

5,000,000
1,228,100
3,102,000
4,000.000

1,000
'

quarterly dividends, but in Nov., 1882, t he dividend was passed for the
purpose, as reported, of paying off floating debt, «fec. The interest due
on debentures in April, 1883, was ordered to he
paid when due. See
881-2 in V. 35, p. 707.
partial report for 1881-2
By ownership of a majority of the stock of the Richmond
West
Point Terminal Railway Ac Warehouse Company, the Richmond A Dan¬
ville Railroad Company indirectly controls and operates the
following
lines of railway: Charlotte Columbia A Augusta, 191
miles; Columbia
& Greenville and branches, 226 miles; Spartanburg Union Ac
Columbia,
68 miles; Northeastern of Georg a, 40 miles; Western N. Carolina Rail¬
road, 186 miles; Asheville Ac Spartanburg, 67 miles; Virginia Midland
Railway, 401 miles; total miles thus indirectly controlled through R.
& W. Pt. Ter’l R. W. Co., 1,182 miles; grand total of miles
directly and
indirectly controlled by Richmond Ac Danville RR. Co., 2,009. The
Richmond Ac Danv. Extension Co. was organized to build Ga. Pac. RR.,
and large advances were made to it by the Richmond Ac Danville Co.
The annual report for the year ending Sept. 30, 1882, was
published in
the Chronicle, V. 35, p. ^05 and 734.
A later report in V. 37, p. 235, gave the income account for 9 months
ending June 30, 1883, thus: Net revenue, $1,245,136; interest and
rentals, $1,124,400; -balance, $120,735; expenses for real estate, and
improvements, $338,639.
For seven months of 1883 gross earnings
were $2,716,974, net, $1,1*25,831 ; against
$2,556,296 gross in 1882 and
$794,404 net.
In September the now board of directors issued a circular as to
pay¬
ment of interest on the debenture bonds, stating that •* the net
earnings
for the year ending Sept. 30, 1882. as shown by the annual
report, were
$1,298,034; fixed charges, $1,219,108—leaving balance of $78,800.
There was expended for new equipment ami betterments,
$922,848;
dividend
to debenture bondholders Oct. 1, 1882,
$98,700; total,
$1,021,608, which was provided out of profits on sales of securities
owned by the company, and being an increase of its floating debt.
It
thus appears from the foregoing statement that the net
earnings of the
company having been expended in providing additional new equipment
and betterments as authorized by terms of delimit lire bonds, t
hey should
not therefore have been applied to payment, of dividends on these bonds.
For the information of the stock and bondholders of this
company it is
proper ..to state that the ascertained net earnings for eleven months of
the present fiscal year over operating expenses and fixed charges have
been $307,801 ; estimated for September, $72,739; total, $380,540.”
(V. 35, p. 52. 189, 405, 422. 449, 457, 577, 625, 707, 734 ; V. 36.
p.
82,140,187. 313, 332, 358, 561, 699; V. 37. p. 48, 68, 100,111,128,
151, 176, 235, 268, 295, 344, 373, 421.)
'

974.000

1.000
1.000

91

011

1,925,000

1,000
1,000

1883
....

.....

Rate per
Cent.

$1,000,000
650,000

100 Sec.
100

.

1870
1875

....

Outstanding

350,000
1,000,000

gavestock
$1,(>00,000
of the R.then
Ac D.to stock
m part > payment.
(The Terminal
increased
$15,000,000
The R. Ac D.
paying
oiuv,iy

rvoi,, xxxm.

97,000

....

31
18
108
279

Amount

100
100 &c.

■

....

25
25
25

100 Acc.
1.000

1871
1880
1881

....

.

$1,000

In Dec., 1881, the R. Ac D. Co., as stockholder in the R. Ac \V. P. Termi¬
nal, took $750,000 of the Ya. Midland income bonds with $325,000
stock as a bonus, and realized a nominal profit of $275,000, and paid an
extra dividend of 1 percent therewith.
Early in 1882 the $4,000,000
debenture bonds were sold to R. Ac D. stockholders at 45.
In April, 1882.
the R. Ac D. Co. took $5,000,000 of Terminal stock at $25
per share, and
o.

BONDS.

INTEREST OR DIVIDENDS.

or

Par
Value.

....

....

....

Size,

1873
1862
1864
1877
1873

825

Rich’d Fredericksburg d Potomac—Ronds, ster

Vv.

AND

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

DESCRIPTION.
on

STOCKS

J.

i

1895-’99 1902
1890
1901
Jan. 2, 1882
1883 to ’86

May 1, 1915
1885
June 1, 1912

July 1, 1883
Feb. 1, 1921
Dec. 1, 1922

May 1, 1888
Various.
1882

Jan. 1, 1900

Rochester d Gcnessee Valley.—Sept. 30, 1882. owned from Avon to
Rochester. N. Y., 18 miles. Leased July 1, 1871, in perpetuity, to Erie
Railway, and now operated by New York Lake Erie Ac Western. Rental,
$34,012. James Brockett, President, Rochester, N. Y.

Rochester d Pittsburg—{See Map.)—Owns from
Rochester, N. Y.,
southward to
Punxutawney in Pennsylvania, 204 miles;
and
Buffalo Branch from Ashford Junction to
Buffalo, 44 miles; total,
248 miles.
Leased, 46 miles. Total operated, 294 miles.
Formerly
Rochester Ac
State Line, which
road was sold and purchased
by Walston II. Brown, of New York, and was reorganized as the Roches¬
ter Ac Pittsburg.
In Nov., 1881, an important consolidation was

made.

(See V. 33, p. 623.) In Dec., 1882, the new consolidated mort.
issued in place of old income bonds and for other
purposes, and
to July, 1883, $1,300,000 of the
incomes, out of $1,870,000, had been
was

exchanged.
The capital stock was increased in 1882, to $20,000,
000, which increase was thus commented upon in the annual report:
“Since the close of the fiscal year—i. e., October 5, 1882—the stock¬
holders approved of the increase of the capital
stock of the company to
$20.000,000, divided into 200,000 shares of $100 each. The object of
this increase was to purchase and cancel the intended issue of
$3,200,000 of the income bonds of the Buffalo &
Pittsburg division, and for
the purchase of the entire capital stock of the
Perry Railroad Co. and
the Brockwayville Ac Punxsutawney Railroad
Company, and also to
purchase the entire capital stock of the Rochester Ac Pittsburg Coal &
Iron Company.
This latter corporation owns the most desirable coal
fields in Jefferson County, Pa., has $300,000 cash working
capital, and
no bonded or
floating debt. The $4,000,000 of capital stock of the
Rochester A Pittsburg Coal & Iron Co. which our
company now owns
and holds in its treasury as an asset, is a most valuable
acquisition, as
it renders our company always sure of
having a large coal tonnage
at good paving rates.”
In the year ending Sept. 30, 1882. gross earn¬
ings were, $305,988 ; net, $101.580.
(V. 35. p. 71, 79, 95,' 103, 104,
133. 162, 266, 291, 313, 393.546, 638, 677, 707,763; V.
36, p. 28,
109. 591. 675; V. 37, p. 267, 295.)
Rock Island d Peoria— July 1, 1882, owned from Rock
Island, Ill., to
Peoria, Ill., 91 miles. This is the Peoria Ac Rock Island, sold in fore¬
closure of the.first mortgage April 4, 1877, the bondholders
becoming
the purchasers. Capital stock, $1,500,000. Gross
earnings, 1882, $405,263; net earnings, $64,918, out of which a 5 per cent dividend was
paid on the stock.
r
Rome Watertown d Oydcnsbnrg— Sept. 30, 1882, owned from Rome to
Ogdcnsburg, 1 11 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam. 24miles;. Oswego to Lewiston, 146 miles; Sandy Creek
toSyraeuse,
45 miles; leased Oswego Ac Rome RR.,29
miles; Niagara Falls Br. RR.,8
miles ; total owned, leased and operated, 417 miles. It was a consolida¬
tion Oct., 1861, of the Watert’n A Rome and the Potsdam Ac Watertown
railroads. The Lake Ontario Shore Railroad was foreclosed
Sept. 22,*
1874, and transferred to this company January 15, 1875. The Syracuse
Northern was foreclosed, and purchased by this
company August 1,
1875. The Oswego & Rome was leased
January 1, 1866, at 8 per cent
on stock and interest on bonds.
The Niagara Falls Br. road was leased
Nov. 1, 1881, at 7 percent on its stock of $250,000. The
company was
in default on coupons of the consol, bonds since
April 1, 1878, and
allowing the prior liens to stand, gave for the consol, mort. new bonds
bearing 5 per cent; also funded the 3344 per ct. overdue interest (to
July, 1882,) into 7 per cent income bonds; also assessed 10 per cent cash
on stock to
pay floating debt, and gave income bonds for the assess¬
ment. rn June 1883Jhe control was changed,
and Del. Lack. Ac W. man¬
agement ceased. Operations and earnings for three years past were:
Years.

Miles.
409
409
417

Passenger
Mileage.

Freight (toil)
Mileage.

16,402,043

43,538,148
45,887,851

Gross
Ne*
Earnings. Earmcys.

$1,467,894 $487,738
1,510,442
284,088
19,223,584
54,470,111
1,814,495
401,581
—(V. 35, p. 538 ; V. 30, p. 82, 18G, 652; V. 37, p. 2G7.)
Rutland.—July 1, 1883, owned from Bellow’s Falls, Vt., to Burling¬
ton, Vt., 120 miles. This road has been through many
changes. It was
leased to the Central Vermont in December, 1870, for 20 years, but the
lessee became insolvent, and finally a modification of the lease was
made, giving $250,000 per year as a minimum rental and $8,000 for
organization expenses. The bondholders agreed to accept 5 per cent
bonds in exchange for equipments and 6 per ceut bonds in lieu of 8
per eeuts. The 5 percent 2ds are a first mortgage on rolling stock and
personal property.
The common stock is $2,480,600 and preferred
$4,000,000.
One dollar per- share paid on preferred stock August,
1S82. (V. 33, p. 154; V. 35, p. 124; V. 36, p. 170; V. 37, p. 127.)
Sabine d East Texas— Sabine to Boon’s Ferry, Tex,, 104 miles; thence
to Shreveport, La. About 105 miles
completed to July, 1882. $2,600,000 bonds authorized on Sabine Division.
(V. 35, p. 237, 487.)
Sabine Pass d Texas Rorth.—Line of road, Marshall, Tex., to Sabine
Pass, Gulf of Mexico, 218 miles.
Road under construction. Stock,
$4,000,000,
1381-82

17,417,353

Sacramento d Placerville.—Dec. 31, 1882, owned from Sacramento,
Cal., to Shingle Springs, Cal., 48 miles. This was a consolidation of
the Sacramento Valley and the Folsom Ac Placerville railroads, April
19, 1877. Capital stock, $1,756,000. Gross earnings, 1881, $85,707
net, $35,564; gross, 1882, $96,531; net, jgl1,106. Leland Stanf ord,

President, San Fruuciscc,

.

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RAILROAD

68
Subscribers will confer

a

explanation of column headings, Ac.,
on first pag * of tallies.

Milos

1

of

|

notes

see

Road.

Rome Watertown d Ogdensburg—Stock
1st sinking fund mort., Wat. A R. (extended)
Genferal mortgage, sinking fund
2d mortgage.........
Consol, mort., (extended July, 1882, at 5 per ct.).
Income bonds

417
97
190
190
409

Syracuse Northern (gold)
Rutland—General mort. (8 per cent, reduced to G»..
New 2d mort. in excli. for equipment bonds, Ac.
Sabine J: East Texas— Stock ($4,000,000)
Sabine Pass d Texas North—1st M. ($3,500,000)
Sacramento d Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. A F. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Jolmsbury d L. Champlain—1st M.,coup. or reg.
St. Josci)h d St. Louis—1st mortgage
St. Joseph d: Western— 1st M. St. Joseph & Pacific..
2d mortgage
Kansas Sc Nebraska, 1st mortgage
Kansas A Nebraska, 2d mortgage

120
120

.

48
29
,120
70
112
112
115
115
25

Hastings Sc Grand Island, 1st mort
...

Equipment mortgage

of

Bonds

42

—

V

r

3
o

207
207
207
207

2^ 3

*g aj

g(

BONDS

[Vol. XXXVII.

3‘tT3

Income bonds, not cumulative
St. Louis d Cairo—1st M., income (not cumulative)
St. Louis Ft. Scott d Wichita—1st M. ($15,000 p. m.)
St. L. Han.d K.—1st M .eonv. till ’87 ($12,000 p.m.)
St. Louis Keokuk d X. IF. - Stock($1,350,000 is pref.)
1st mortgage, gold
Income bonds
!

Par
Value.

Outstanding
$5,293,900

100 Ac.
500 Ac,

418,300
1,021,500

1,000
1,000
1,000

5,498,000

1.000,000

2,094,280

1,000
100 Ac,
100 Ac.

500,000
1,500,000

1,500.000
300,000
(?)

400,000

1,000

1,000

700,000
410,000
000,000
358,000
1,900,000
1,200,000
1,900,000
1,200,000
375,000
2,300,000
2,408,400
1,100,000
1,100,000
1,400,000

1,000
500 Ac.

1,400,000
1,700,000

1,000

300,000
1,357,000

1,000
1,000 1
100 Ac.

2,600,000
2,408,000
910,931

1870

1,000
1,000

2,700,000
1,020,000

1870

1,000

1,080,000

1,000
1,000
100
100 Ac,
-

-

-

-

100 Ac,

1,000
100
100

’485

1877

184
135
135

Amount

1,000

144
100

£ S

INTEREST OR DIVIDENDS.

or

....

1882
1855
1877
1872
1880
1874
1870
1870
187i)
1870

1804
1804
1804
1801
180 t
1870
1881
1881
1880

•

Size,

$100
1855
1801
1872
1874
1882
1871
1872
1878

314

St. Louis Alton d Terre Haute—Stock
Pref. st’ek (7 cumulative)
1st mortgage (series A) sinking fund..
1st mortgage (series B) sinking fund..

preferred (series C)
preferred (series D)
income

Date

105

.

2d mortgage,
2d mortgage,
2d mortgage,

AND

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

DESCRUTION.

For

STOCKS

•

.

.

o

.

1,000
500 Ac.

Saginaw Valley d St. Louis.—Dec. 31, 1882, owned from Saginaw
Louis, Mich., 30 miles. Opened January, 1873. Has a traffic
guarantee from Michigan Central. Capital stock, $204,804. In 1882,
to St.

35,680.
In July,
were1870,
$100,328;
Interest to
payments,
Ac.,
fross
earnings
net $35,225.
management
was transferred
the Detroit
Lansing Sc Northern.

St. Johnsbury d Lake Champlain.—July, 1882, owned from
Lunen-j
burg, Vt., to Maquam Bay, 120 miles. This was the Portland & Og4cns-

Rate per

When

Cent.

Payable

3
7
7
7
5
7
7

0
5
G
10
0
8
6 g.
7
7
7
7
7
....

7
7
7
7
7

7
10
0
5 g.
7
7

Where

Payable, and by
Whom.

J.
M.
J.
J.

Bonds—Princi¬

pal,When Due.
Stocks—Vast
Dividend

A J. N. Y., Farm. L. A T. Co.
A S.
do
do
A D.
do
do
A J.
do
do
A. A O.
do
do
Jan’rv
J. A J. N. Y., Farm. L. A T. Co.
M. A N. Dost., Bk. of Redempt’n
F. A A.
do
do

July 15, 1875
Sept. 1, 1910
Dec. 1, 1891

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

Jan.

J.
J.
J.
J.

A J. London and New York.
A J. N. Y. Central Pac. RR.
A J.
do
do
A N. New York, 9th Nat. Bk.
A O. Bost., Am. L. A Tr. Co.
A S.
New York.
A J.
New York.
A J.
do
A J.
do
A J.
do
A J.
do

J.

A J.
A O.
A A.
A N.
A N.
A S.
June 1
A. A O.
A. A O.
A. A O.

A.
F.
M.
M.
M.

N. Y., Otfice 37 Wall st.
do
do
do
do
do do
do
do
do
do
do
do
do
do
New York or London.
New York, Moran Bros.
N. Y., Nat. City Bank.

Jan. 1, 1892

Julvl. 1922
1932

July, 1901
Nov. 1, 1902
1898

1. 1912
1875
1907

May 1, 1902
Oct.

1, 1910
1S94

Jail.
Jan.
Jan.
Jan.
Jan.

1,
1,
1,
1,
1,

1915
1915
1915
1915
1910

May 1, 1883
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921

Oct,

1, 1910
1, 1917

Oct.

....

7 g.
7

J.
J.

A
A

J.
J.

i,

Jan.
Jar.

1906
1, 1906

14, 1875, and this company organized July 1, 1875. Road completed in
of 1870.
Income bonds above were originally a part of
$2,750,000 tirst mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year ending Dec. 31, 1881,
$308,435: gross expenditures, $488,132, including $88,870 for new
work, and $30,821 loss by floods; In 1882 gross earnings, $411,525;
autumn

gross

expenditures, $400,030.

(V. 33, p. 250.)

St. Louis Salem d Little Rock.—’Dae.

31,1831, owned from Cuba, Mo
title in 1880. ; to 8alem, Mm, 42 miles, and branches, 13 miles; also 17 miles of branches
Net earnings : eon!rolled ; total operated. 72,miles.
Reaches 8t. Louis by St. L. A San
year 1880 1, $51,007. In 1881-82, income, $242,002 gross and $43,100
F. RR.
Stock is $1,000,000. Earnings for 1881 on 52 miles were $ 170,net.
(V. 33, p. 202, 327 ; V. 35, p. 182, 264.)
575; net. $107,115. In 1882, on 5 l miles, $100,018 net. $102,057.

buig,

Vermont Division, and

Preferred stock, $1,208,500;

was reorganized under this
common stock, $2,55u,O00.

St. Joseph d St. Louis.—St. Joseph, Mo., to No. Lexington, Mo., 70 miles.
Present company is successor to the St. Louis & St. Joseph Railroad, sold
in foreclosure-February 8, 1874.
Has no funded or floating debt. The.
St. Louis Kansas City Sc Northern took a lease of the road for 90 years
July 1, 1874. The terms of the lease are an annual payment of $35,000
for live years and then 30 per cent of gross earnings, hilt $25,000 guar¬
anteed. Stock, $100,000.
St. Joseph d Western.—Line of road: East Division—"West St. Joseph*
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
to Hastings, Neb., 145 miles; Hastings Sc Grand Island road, 25 miles;
total, 252 miles. This is a reorganization of the former St. Joseph A
Denver City road, which went into the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875.
On the, foreclosure
of the two divisions two companies were organized, the St. Joseph
& Pacific

and the Kansas Sc Nebraska, with bonds as above. These
consolidated as St. Joseph Sc Western, the stock is $1,100,000,
par $100. The present bonds have no lion on lands, as the l.aml
grant of 300,000 acres was put in 1 aads of trustees for tin* benefit of the
holders of the. old land scrip of $2,250,000. The road is controlled by
the Union Pacific and the coupons on bonds arc not paid. The U. P.
holds $1,530,200 of t he stwck of $ 1,100,000 and $ l ,303.309 St. Joseph A
.-Pacific 1st mortgage and $1,114,001 Kansas Sc Nebraska 1st mortgage.
In 1882 net earnings reported as $11,051, against $3 4.20 > in 188!. See.
statement in V. 30, p. 705. (V. 35, p. 212; V. 30, p. 501, 075, 705 ; V.,
were

SI. Louis d Sun Francisco.—Dec. 31, 1882, owned from Pacific to
Seneca (main), 292 miles; branches—Granby branch, 1 h> miles; Orongo,

Mo., to Joplin, 101*3 miles; Girard to Galena, Kau., 47 miles; Carbon
Branch, 3 miles; Peirce City to Wichita, Kan., 218 miles; Plymouth,
Mo., to Fort Smith Ark., 1.32^ miles; Springfield to Ozark, Mo., 19
miles; total operated December 31, 18s2, 725 miles.
This com¬
pany was organized Sept. 20, 1870, as successor to the Atlantic &
Pile, in Mo.
The latter was chartered by act of Congress July 27, 1800,
and embraced the South Pacific RR. (originally the Southwest Br. of the
Pacific RR. of Mo)., which was consolidated with the Atlantic A Pacitto
road Oct. 25, 1870.
The South Pacific Railroad had a grant of lands
hy act of Congress June 10, 1852, of 1,101,205 acres. The Atlantic &
Pacific received about 507,000 acres of land.
Thc South Pacific lands
showed 405,741 acres on hand January 1,1883. Atlantic A Pacific lands
showed 80,475) acres on hand at same date, and for these lands
(A. A P.) the second mortgage bonds, class B, are receivable in pay¬
ment.

ward.

The interest on bonds “ B ” and “C”is5 for 1883 and 0 after¬
The. trust bonds of 1880 are secured by deposit of 7 per cent

mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.

The. general mortgage of 1881 (supplemented by that of June, 1882,
changing the rate of interest to 0 per cent) for $30,000,000 is made to
the United States Trust Company as trustee, .and $17,201,000 reserved
to take ip* all prior debt.
First preferred stock lias prior right to 7 per

(non-cumulativc): then pref. entitled to 7 percent; t lien common,
then all classes share in any surplus. Tile prof, and 1st
St. Louis Alton d Terre iraute—Drc. 31,1 882,owned from Terre Haute,
pref. also hy the terms of a resolution of the board of directors (ex¬
Iu.d., to Last St. Louis, 1X9 miles; branches, 19 miles; leased lines—! pressed in the certificates) had a precedence for income over any mort¬
Belleville A Southern 111. RR., ;>G miles; Belleville A Eldorado road, from
made subsequent to the creation of said stocks.
j gages
6u January 31, 1880, an agreement was entered into with the
Du Quoin to Eldorado. 50 miles; total, 31 L miles.
This company
was a
reorganization, February 18. 1,801, of the Terre Haute Alton Atchison Topeka A Santa Fe for construction of a through line totlie
Pacific coast on the parallel from Albuquerque, to San Francisco.
& St. Louis Railroad. The Belleville A Southern Illinois is leased tothiThe
road was to cost $25,000,000, and to be built under the old charter
company for 999 years from Oct. 1, I860. The main line (St. L. Alt-on
of
Atlantic
the
A
Pacific
& Terre Haute) was leased Nov. 1, 1882, to the new Indianapolis.& St.
Railway. Three trustees—John A. Stewart,
of tuc U. S. Trust. Company, Warren Sawyer and II. P. Kidder, of Boston
Louis Railway and the Clove. Col. Cinn. A Indianapolis jointly.
Under
—were
this new lease the rent guaranteed is $150,000, and that, amount is all
appointed to hold the stock in trust. The voting power was to ho
vested in six directors of each road.
The road was partially built,
that is to be paid unless the gross earnings exceed $1,750,000 in
any
year ending Oct. 31, and then 20 per cent is to he paid of the excess of when in January, 1882, a large interest in the stock ol the St, Louis
Sc San Francisco was acquired lty C. P. Huntington and Jay Gould,
gross’earnings over $1.750 000.
and this changed the projected plans for extensions, in some respects,
This company, in July, 1882, obtained a decision in its favor against
the two solvent lessee companies for $221,021 against each. An appeal and arrangements were made subsequently for building to tlie Colorado
River to a junction with the Sout hern Pacific.
to the United Stales Supreme Court is pending. The Belleville Branch
The annual report for 1882 (Chronicle. V. *0, p. 310) had the following;
and Extension are operated separately hy this companv, and earned
not in 1881, $159,907; in 1882. $238',93o. The BellcViile A Eldorado
1880.
1881.
1882.
$
was leased for 985 years from July 1, 1880, at a rental of 30
Earnings—
$
*$
per cent on
424,102
the gross earnings, but $15,400 per year guar.
Passenger
005,331
741,333
Ot the tirst mortg. bonds $030,000 arc held in sinking fund; of the
Freight
2,180,333
2,342,010
2,0 43,333
93,930
152,582
equipment bonds $2 40,000 are owned by the companv.
182,469
The. pre¬ Mail, express, Ac
ferred stock has a prior right to a cumulative dividend of 5 percent
Total
before any is declared on common.
gross earnings
2.098,371
3,100,523
3,572,240
It is also convertible into com
Total operating expenses
lnon at par; but shall not receive any dividend as common stock for
1,500,109
1,017,900
1,025,781
the
time it was held as preferred. In January, 1881, the
company declared
3 per cent in cash on tin* preferred stock and afterward settled the re
Net earnings
1,192,202
1,542,557
1,940,459
maining 55 per cent of accumulated dividends by the issue of income
INCOME ACCOUNT.
bonds, and has since paid the 7 per cent (V. 34| p. 401, 572 ; V. 35 p
1SS0.
1881.
1832.
79, 102, 297, 405, 058, 737 ; V. 30, p’. 533, 501.)
$
Receipts—
$
$
St. Louis d Cairo.—Dec. 31, 1882, Cairo A St. Louis owned from
Net earnings
1,192.202
1,5 42,557
1,940.459
Other
Cairo, III., to East st. Louis, III. (3 ft. gauge), 1 47 miles. Default made
receipts
25,598
50,048
50,857
April 1, 1874. Sold in foreclosure July, 1881, and bought in, in behalf
or bondholders.
Total
net
income
Stock is $0,500,000, and 5 per cent interest was
1,217,800
1,593,205
2,003,316
paid
Disbiirscmen ts—
April 1, 1883, on the bonds. Earnings for the year 1881, $424,480; net,
821,492
705,950
$04,020; for 1882, gross earnings, $332,297; net, $145,010. (V. 34, p. Interest on debt and sinking fund
1,071,815
Inf. accrued, not due, to Dec. 31.
101,254
147, 300; V. 30, p. 427, 5S9.)
109,805 '
49,026
Dividends
157.500
315,000
315,00 J
St. Louis Ft. Scott d Wichita.—From Fort Scott to Wichita, Kan., 100
105,022
102,57 5
03,913
mih*s, completed to July, 1x^3. Moran Brothers of N. Y., and other Miscellaneous
capitalists, largely interested. (V. 35, p. 205.)
Total disbursements
1,069,726
1,408,932
1,499,754
St. Louis Hannibal d Keokuk.—Dec., 1882, owned from
Hannibal, Balance, surplus
148,074
184,273
503,502
Mo., to Gilmore, on Wab. St. L. A Pacific, 85 miles. Stock, $1,030,000.
Earnings for 1881, ($3 4,05)4; net. $5,040.
In 1882 gross, $81,051 y —(V. 33, P.528; V, 34, p. 02. 99. 110 147, 190, 313: V. 35, p. 133,
237. 200, 291, 339, 5 40, 577; V. 30, p. 18, 197, 301, 310, 445.)
net, $31,070. W. W. Walker, President, Hannibal, Mo." (V. 35, p. 101;
V. 30, p.427.)
St. Louis Vandalia d Terre Haute.—October 31, 1882, owned from
St. Louis Keokukd Xorlhwesfern.—Dec. 31, 1882, owned from Keokuk,
Fast St. Louis to Indiana State line, 158 miles.
Road opened July 3.
la., to St. Peters. 135 miles; leased Keokuk to Mt. Pleasant, 49 miles; 1870. It is leased to the Terre Haute A Indianapolis Railroad at a rental
total operated, 181 miles. The Miss. Val. A Western RR. was sold April of 30 per cent of gross earnings. For the year
ending October 31 1882,

37, p. 151.)




cent

entitled to 7;

'

RAILROAD STOCKS AND

October, 1883. J
Subscribers will confer

Miles

explanation of column headings, Are.,
on

see notes

first page of tables.

1

per

....

....

(South Pacific), gold, (land grant)...
bonds, A
do
B, gold...
do
C, gold
Equipment mortgage, gold
Mortgage on Mo. A Western HR., gold
1st mortgage

2d mortgage
do
do

Trust bonds
St. Louis Wichita A Western
Gen. mort., gold, coup, or reg
;...
St. Louis Vandcilht d Terre JIaute—1st M. s. f. guar
2d mort., sink, fund ($1,000,000 guar.)
St. Paul d Duluth— Preferred 7 per cent stock
Common stoek
1st mort. bonds, coup, or reg
St. Raul Minneapolis d: Manitoba—Stoek
2d M., and 1st on road from St. Paul to Watab
1st mort. land grant sinking fund, gold
2d mort., gold.
Dak. Ext., 1st mort., gold ($12,000 per mile).
Consoi mort., gold (for $50,000,000), coup, or reg.

Minneapolis Un. RR.. 1st mort., gold, guar
St. Raul d Northern Racijic.—1st M., g cp.orreg..
Sandusky Mansfield d Newark—Re-organized stock
1st mortgage, new
San Francisco d North Racijic—Stoek
,

Savannah Florida d: If'est.—Consolidated 1st mort.

Georgia Si Florida, 1st mortgage

do

Savannah

do

2d mortgage

Griffin d-N. A la— 1st mortgage

Schenectady d Duanesbury—1st M.,

Schuylki11 Va11ey—Stoek

1

guar.

D. Sc II

of
Bonds

1872

1

! Size, or

i

j

Par
Value.

.

293
293
293
253
....

84
100
145
All
158
158
182
182
109

,312
70

050
050
413

,312

i 52
110
110
93
280
58
58
00
14i«
19

!
j

....

....

i

1808

!

1870
1870 j

j 1870 !
1880
1879
1880
1879
1881

1807
1808

INTEREST OR DIVIDENDS.

Amount

Rate pci
Outstanding

;

!

$....

10,000,000

....

j

....

500 Act*
100 Ace.

500 AC
500 Ace.
1,000
1.000

1,000

;
!

003.000

|

....

1,000
1,000
1,000

1,100,000
1.350,000

2,000,000
5,000,000
1,85)9,000
2,000,000
5,121,700

1,000

1,000,000

100

20.000,000
300,000
5,750,000
8,000,000
5,070,000

....

1807
1809
1809
1871
1874
....

1,000
100 Ace.
1,000
1.000

1,000
1,000
1,000

10,574.000

pal,When Duo.

Where Payable, and b\

Stocks—Last
Dividend.

Whom.
*

I

5-0 g.

5- 0 g.
7 if.
0 g.
0
0
0 g.

7
7
3b>

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

4,055,407

....

....

j

j

N.Y., Union Trust

Co.

i

1

3k2

1881

1809

A. Ac O

0 g.
0 g.

....

....

7

7,144.500

....

1802
1879
1879
1880
1883
1882
1883

Payable

4,500.000
500,000
2,700.500
2,400,000

| When

Cent.

j $1,000,000 !
10.500,000 |

725

cent, not cumulative
1st preferred, 7 per cent, not cumulative

Southern

; Date

of

Road.

St. Louis Salem if: Lillie Roclc—1st mortgage
St. .Louis d Sail Francisco— Stoek, common

Preferred, 7

09

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

a

DESCRIPTION.
For

BONDS.

5
2
7
0 g.
0 g.

Ac A. N.
At

J.

As N.
& N.
Ac N.

At D.
At A.

Y., Company’s Office.! Aug. I, 1S83
do
do
.Tuiy, 1888
do
do

do
do
do

-

^

do
do
do
do
do

|

•

j

At A. N. Y„ U. S. Trust Co.
Ac S. N.Y., Company’s
At J.
do
'
do
At J. N. Y., Third Nat. Bank. I
At N.
do
do
Ac J. N. Y., Fourth Niit. Bk.j

Nov.
Nov.
Nov.
June

Q.—F.
J.
J.
Ac O.

At

A:

Ac N.
Ac J.
A J.

j

New York.
N.Y.. J.S.KennedvA Co.
do
do
New York and London.!
do
do
N. Y., 03 William St. 1
do
do
-

1. 1006

1,

1006

1.

1006

1,

1895

Aug. 1. 1919
1020
1919

Office.!

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

!

July 1

Jail.

'

1931

1897
May 1, 1898
1.

July 1, 1883
Aug.

1, 1931

Nov. 1, 1883
1892
1909
Oct, 1, 1909
Nov. 1, 1910

50

1,500,000
5,000,000
1,074,832

0 g.
0 g.
0 g.
2

1,000

2.300.000

7

J.

A J. N. Y.. Union Trust Co.

7
7
7
7
6

J.
M.
M.
J.
M.
J.

A J.
i .Tidy. 1897
A N. New York, II. B Plant.' Jay 1, 1899
A N.
do
do
May 1. 1899
A J. Savannah, Cent. RR.Bk’ July 1, 1891
A S. 1 Del. A Hud. Canal Co. Sept. 1, 1924
A
Philadelphia, Office, j July 13, 1883

do

,

3,750,000

....

500 Ate.
1,000
1,000
1,000
100 Ace.
50

the total income

was $478,837, and the year’s charges against this sum
$350,493 ; leaving a surplus for the fiscal year of $128,343. which
was applied to the repayment of advances heretofore made to this com
pany by the lessee, leaving the surplus of profit and loss, Oct. 31, 1882,
$19,36*8. Loss to lessee in 1879-80, $19,822 ; in 1880-81, $281,080; m
1881-82, $70,272.
The annual report for 1881-82 was published
in the Chronicle, V. 36, p. 79. The first mortgage and $1,000,000
of second mortgage bonus are
guaranteed by the lessees and
also by the Pitts. Cin. & St. Louis Railroad and the Col. Chic.
I. C. Co.
The stock is $2,383,010 common and $1,544,700 preferred. The pre¬
ferred was issued for income bonds ($1,000,000) and for deficiencies
made up'by the lessees.
Thos. J). Messier, President, Pittsburg, Pa.
Operations and earnings for three years past were as follows:
Net
Gross
Passenger
Freight (ton)
Years.
Miles.
Earnings.
Mileage.
Earnings.
Mileage.
1879-80
158
90.51 1,220
17,309,919
$1,552,801
$140,018
158
1880-81
188.574
19,161,449
107,089,535
1,505,515
1881-82
158
18,311,812
115,982,845
408.500
1,590,120
—(V. 32, p. 71, 120, 289; V. 33, p. 357; V. 31, p. 02, 1 71; V. 30. p. 79 )
St. Raul d Duluth.—Line of road, St. Paul, Minn., to Duluth, Minn., 150
miles; branch to Knife Falls. 0 miles; leased: Taylor’s Falls A Lake
Sup., 20 miles; total, 182 miles. O n Aug. 1, 1882, began to operate the
road from Minneapolis to White Bear. This was the Lake Sup. A: Miss RR.,
opened Aug. 1, 1870, and leased to the No. Pae. Default made Jan. 1,’ 75,

July l, 1933
July 1, 1022
A A. New York and London.! Feb. 1, 19.3
1st N. Bk., Sandusky, O.
O')
do

1,780,500
404,000
200,000
500,000
500,000

570,050

28)

July, 1902

J.j

-(V. 35, p. 23, 79,237, 264, 374, 077, 700, 707, 737; V. 30, p. 427, 511,
043, 075, 731 ; V. 37, p. 100, 152, 309, 320.)

were

Sf. Raul d Northern Racijic.—This company was
incorporated in 1874
the Western Railroad Company of Minnesota, and has been in
operaj tion since 1877 from Brainerd, 00 *2 miles, to Sauk Rapids. Tt is now
as

j

being extended about 92 miles from Sauk Rapids to

apolis.

the city of Minne¬
The terminal property comprises twenty acres at Minneapolis

j and 380 acres at St. Paul. The land grant of the company, amounting to
j about 244,000 acres, is located along the line of road between Brainerd
I and Sauk Rapids. The road, with its terminal property, is leased for

i 999 years to the Not them Pacific Railroad Company. The contract pro¬
vides that the Northern Pacific shall pay a net rental equal to 40
p. e. of
the gro-s receipts, which it guarantees shall never be less than the
interest upon the bonds. The fir.-t mortgage is tor $1 o,000,0( 0, and *
|I there
is a prior issue of $673,000 bonds, provision for which has been
made by the reservation of an equal amount of the 1st
mortgage bonds
1 by the trustee. These old bonds are $500,000 first mortgage 7e, and
; $173,000 land grant bonds, mostly due in 189(5.
The stock of $800,800
($10,000,000 authorized) is all held in trust by the Farmers’Loan &
Trust Co.
(V. 37, p. 24.)
Sandusky Mansjicld d Newark.—Dec. 31,1882, owned from Sandusky,
O.. to Newark, O.', 110 miles. A consolidation of several roads in 1850.
Leased Feb. 13,1809, to Central Ohio Railroad, guaranteed by Baltimore
A: Ohio, and new lease made February 23, 1880, extending
to December
and road sold in foreclosure May 1, 1877. and reorganized June 27th.
1, 1926, with option to the Balt. As Ohio Company to renew for terms
The preferred stoek is received in payment for lands at par.
Three j of 20 years each. Rental is $194,350 yearly till*! 884; then $199,350
shares of common stoek have one vote, and each share of preferred has for 1884 and
1885; then $201,850 annually. It is operated as Lako
one vote.
Prof, stock has a prior right to 7 per cent from “ income from
Erie division of the Baltimore A: Ohio svstem.
In 1879-80 gross earn¬
all sources, including land sales;” then common to receive 0 per cent; ings $847,221; net,
$208,853; in 1880-81, gross, $899,751; net, $112,then remainder of income to be applied to purchase of pref. stock. The
373; in 1881-82, gross, $940,709; net, $234,701.
net
income from 1878 having been spent
on
improvements, it j
I San Francisco d- North Pacific.—Dec. 31. 1882, owned from Donahue,
was determined to issue 10 per cent of new
preferred stock to the pre¬
ferred stockholders of record Nov. 1. 1881, payable Nov. 14, to repres¬ | Cal.-, to Cloverdale, Cal., 50 miles; branches—from Fulton, Cal., to
Guerneville, Cal., 10 miles; and San Rafael to Petaluma, 21 miles;
ent the cash so spent in improvements. The, company has a land grant,
total, 93 miles. This is a consolidation of several companies. Earnings
of which about 1,250,710 acres remained unsold Jan. 1, 1883.
In issl
were: In 1881, gross, $440,972 ;
net, $206,220. In 1882, gross, $505,gross earnings $732,030; net income, $117,071. In 1882 gross earnings,
771 ; net, $222,987.
$1,109,840; net, $311,240; net receipts from lands, $227,597; total
Savannah Florida d Western.—Dec. 31,1882, owned from Sav., Ga., to
net income, $538,843.
(V. 34, p. 342, 377 ; V. 35, p. 102, 204, 058; V.
Bainbridge, Ga., 237 miles; branches—extension to8avannah wharves,
30. p. 254, 425 ; V. 37, p. 152.)
2 miles; Junction Branch, 4 miles; Dupont to .Live Oak, Fla., 48
St. Raul Minncafiolis d Manitoba.—June 30, 1883. owned from St.
Paul to Fergus Falls, 1st; miles ; Minneapolis to St. Cloud, 03 ; St. ('loud j miles; Live Oak to Branford, 24 miles; Thomasville to lave Oak, 58
miles; total, 373 miles. Also from Wayeross to Jacksonville, under
to Hinckley, 00 ; Sauk Cent re to Brownevillc, 20; East
Minneapolis to
Breckenridgo, 205; Breckenridge to Portland. 101; Everest to May- separate organizations, 75 mih a. This was a consolidation in 1805 of
tin* Savannah Albany Ac Gulf Railroad and the Atlantic A: Gulf under
ville, 40: Ripen to Hope, 30; Morris to Brown’s Valley, 17; Fergus
Falls to St. Vincent, 204 ; Breckenridgo to Grand Fork's Junction, 127; 1 tin* latter name. The Atlantic Ac Gulf road wassold in foreclosure of the
second mortgage on November 4, 1879, subject to t he consolidated mort¬
Grand Forks to Boundary, 81 ; Crookston to Devil’s Lake, Ill; Fergus
Falls to •Felican Rapids, 21: Shirley to St. Hilaire, 21; total oper¬ gage and other prior liens amounting to about $2,705,000. The old
sectional mortgages yet amount to about out $200,500. The present
ated, 1,350 miles,
lu April, 1883, purchased several branch roads
company has a. capital stock of $2,1<>9,000, and dividend of 7 per cent
of the Northern Paeilic.
(See Chronicle, V. 30, p. 511.)
This was paid in 1882.
The report of earnings for 1881 gave $1,321,428
company was organized May 23, 1879, under the charter of the St.
In 1882 gross, $1,075,817; net, $358,702. (V.
Paul A:, Pacific Railroad, and embraced the St. Paul Ac Paeilic gross and $208,822 net.
Railroad, the First Division of the St. Paul At Pacific Railroad, the Red 33, p. 200 ; V. 3 1, p. 147, 407 ; V. 35, p. 431; V. 36, p 559.)
Savannah Gridin d North Alabama.—Oct., 1882, owned from Griffin,
River Valley Railroad, and the Red River At Manitoba Railroad. The
company took 2,000,000, acres of land ns successor to the roads above Ga., to Carrbllton, Ga., 03 miles. Operated in connection with Central
named, which wi re foreclosed. The proceeds of land sales are reserved Railroad of Georgia. Capital stock, $1,010,900. I11 1880-81 gross earn¬
by the first mortgage trustees as a sinking fund for the redemption of ings $79,113; net, $14,985; in 1881-82 gross, $81,210; net, $8,130.
the bonds at or under 105 and interest, and in April, 1883, about
(V. 33, p. 559; V. 35, p. 574 )
$750,000 of bonds were called in. tin* interest to cease July 1, 1883.
Schenectady d Duanesbury.—From Quaker Street Junction. N. Y., to
The second mortgage bonds do not cover the land. The land sales for Schenectady, N. V., 14 miles.
Formerly Schenectady Ac Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬
year ending June 30, 1883. were lo l,245 acres, for $587,387, and the
total cash receipts $901,281.
Lease rental,
The net amount due on land contracts petuity to the Delaware Ac Hudson Canal Companv.
was $1,158,350; lanfls unsold, 2,411,059 acres.
The Dakota Extension $30,000 per year, paying 0 per cent on bonds. Stock, $100,500.
bonds are issued at $12,000 per mile. The consolidated mort. bonds of
Schuylkill Valley.—Doc. 31,1882.owned from Palo Alto to Reevcsdalc,
1883 are issued to stockholders of May 1, 1883, to the extent of one Pa., 1 I ndies; branches, 8 ; total, 19 miles.
It is an old road, and was
half their holdings on tin* payment, of 10 per cent of the bonds in cash.
eased to the I'hila. Ac Read. RR. from Sept. 1,1801, at an annual rental
The authorized amount of consol, mortgage is $50,000,000, of which of 5
per cent on the stock.
Operations are included in the Philadelphia
$19,420,000 is reserved to pay prior liens, and the balance may he issued Ac Reading reports. Has no bonded debt. (V. 37, p. 152.)
for new road at $15,000 per mile single track or $27,000
Scioto Valley.—Due. 31, 1882, owned from Columbus, O., to Ashland,
per mile double
track. The Minneapolis Union RR. is a connecting l'oad for other roads
Ky., 132 miles. Enough of the consolidated mortgage is reserved to
from the stock yards at St. Paul to Minneapolis,
and its stock is take up the tirst and second mortgage bonds. In July, 1882, it was
$1,000,000. (V. 35, p. 374.)
voted to increase the stock to $10,b<)i>,000, an 1 issue a general consol,
Annual report for the year ending June 30, 1883, in V. 37, p.
mortg., and extend the road from Columbus to Fort Wayne, Iml. In
320.
INCOME ACCOLNT.
addition to above there are $100,000 equipment bonds out.
In 1881
1879-80.
1880-81.
1881-82.
1882-83.
gross receipts, $450,235; net, $111,9'‘l.
In 1882 gross earning,$549,$
$
Receipts—
$
$
255; net, $137,517. (V. 35, p. 104; V. 30. p.254; V. 37, p. 201.)
Net earnings
.1,533.40! 1,837,817 3,113,910 4,553,4(W
Seaboard d Roanoke.—March, 1883, owned from Portsmouth, Va., to
Revenue from Land Dep’t
597,072
223,832
800,077
813,915 Weldon, N. C., 80 miles.
Road opened 1851.
The company has paid
Other receipts
4,000
34,259
4,851
92,100 dividends for a number of years. Of the stock, $1,058,000 is common,
$200,000 is 1st 7 per cent guar., and $44,200 is 2d guar.
Owns a con¬
Total income
2,135,984 2.000,249 4,008,852 5, f^9,519 trolling interest in the Carolina Central RR. Net earnings 1879-80,
Disb arse men ts—
$230,452; 1880-81, $232,495; 1881-82, $178,587. (V. 33, p. 559; V.
Interest on debt
947,227 1,109,951 1,188,091 1,204,279 37, p. 128.)
^
Dividends
975.000 1,724,00 1
Shamokin Sunbury d Lewisbury.—Line from Shamokin to West Milton,
Sinking fund
597,072
702,804
223,832
813,945 Pa., with iron bridge over Susquehanna River at Sunbury. The road
Miscellaneous
35,288
was built by
157,812
Philadelphia Ac Reading for its coal traffic northward.
—<V. 30, p. 501, 075, 099.)
Total disbursements... .1,580,194 1.333.783
Shamokin Valley d Rottsville.—Line of road, Sunbury, Pa., to Mount
3.023,707 3,802,888
Balance, surplus
555,790
732,100
985,085 1,050,031 Carmel, Pa., 27 miles ; branch to Lancaster Colliery. 2 miles total 29




..

..

—

.

.

.

7a

RAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS

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

DESCRIPTION.

INTEREST OR DIVIDENDS-

Miles Date Size, or
of
of
Par
For explanation of column headings, Ac., see notes
on first page of tables.
Road. Bonds Value.

Scioto Valley—1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
General consol, mortgage (for $7,500,000)

98
98
130

1876
1879
1880

Seaboard <t Roanoke—Stock

80

Shamokin Sunhury <£ Lcwisburg—1st mort., coupon
Shamokin Valley it Pollsviltc—SUwk

31
29

i883

28
144

1871
1880
1881
1883
1869

1st

mortgage, gold,

[Vol. xxxvir.

road and lands
Shenandoah Valley— 1st mort. ($15,000 per mile)..
General mort., gold ($25,000 per mile)
3d mortgage income bonds, registered, non-cum..
on

2 19
2*9

57
50
50
102
102
25
243
242
212

Shot'e Line ( Conn.)—Stock
1st mortgage
Sioux City & Paeijie—1st mortgage
2d mortgage (Government subsidy)
Bomei'set—1st mortgage, gold

■South Carolina—Stock
1st mortgage, sterling loan
1st mortgage, dollar bonds (L)
1st consol mortgage (for $5,000,000)

.

212

mortgage bonds (not cumulative)
So. <& No. Alabama—1st M.. endorsed by Alabama..
Sterling mort., s. fund, guar, by L. A N
South Pacific Coast—Stock
South Pennsylvania—1st mortgage, gold
Southern Cent. (X.i .)—1st mort. interest bonds....
New consol, mortgage (for $3,400,000)
Southern Iowa it Cedar Rapids—1st mort., gold
Southern Mar aland—1st mortgage, gold
Southern Par. of Arizona— 1st limit., gold.ep. or reg.
South. Pac.(CuL)— let mort.,void,land gi\, cp.or reg.
Income

....

is so
1868
....

1871
1868
1S68

177,000
603,000

(?)
1,302,200
1,000,000
869,450

1,000
50
500 Ac.

2,000,000

1,000
1,000
1,000

2.270,000
3,942,000
1,500.000

500 Ac.

1,200.000
1,000,000

1000Ac.
500 Ac.
500 Ac.

A J.
A. A O.

Payable, and by
Whom.

5
5

May 1, is83
May 1, 1912
F. A A. Philadelphia,Treasurer.
Aug., 1883
J. A J.
do
do
July, 1901
J. A J. Philadelphia A London. Jan. 1, 1909
A. A (). Philadelphia and N. Y
April 1, 1921
Feb. 1
Jan. 1, 1923
Piiilndelphi *, Office.

N.Y.,Adams A McIIarg.
do
do

A J.

J.

do
do

6

7 g.
5 g.

6
6
6
6

1,000
1,000
£200

A. A O. N. X., N.Bk. of ConiTce.
A J. N. II., Nat. N. II. Bank.
A 8.
do
do
A J. N. Ah.Nat. Park Bank.
A ,J. U.S. Treas.,at maturity
y
A J.

J.
M.
J.
J.
J.

.....

J.
J.

A

,T.

A J.
A. A <).
J. A J.

.

8 g.
6 g.

4.872,310

London.
N. Ah, Nat. City Bank.
N. Ah. 76 Wall Street.
do
do

Yearly. N.Y., If.TalmadgeA Co.
J. A J. N. Y., Drexel, M. A Co.
M. A N. London, Baring Bros.
"

1877

....

*79-’80
’75-’82
1880
1881

1,000,000
625,000
100,000
2,800,000
1,500.000

1,000
1,000

31,000,000
250,000
4,180,000

7
7
5
7
(j
6
6
5
6

100

5.031,700

3

200 Ac.
200 Ac.
....

500.000
9.604,000

....

1,000
500 Ac.

The road was leased February 27, 1-863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock. The yearly reports will be found in the
Chronicle with the reports of t lie Northern Central Railroad. Geo. 13.
Roberts, President, Philadelphia.
Shenandoah Valley.—This road is completed from Hagerstown, Md.,
southward to Waynesboro and thence to a connection with the Nor¬
miles.

folk A Western road at Roanoke, 239 miles and Branch 10 miles. A
dose contract for working and an exchange of stock for N. A \V. stock
has been made; also a contract with Pennsylvania RR. lor exchange
of business. (See N. A W. report V. 36, p. CM.)
The general mort¬
gage of 1881 is at $25,000 per mile to retire the prior mortgages
and to construct new' road. The stock is $5,696,v00. A 3d income'
mortgage has been made in 1883 for $2,500,000 to bear (J per cent if
earned.
One dollar paid on preferred stock February, 18>2.
For
eight months of 1883 gross earnings were $527,301 ; net, $97,332,
against in 1882, gross, $231,072; delieit, $20,113. (V. 30, p. 511; V.

to Cumberland

Chartered as New Haven A New London Railroad; sold in foreclosure
and reorganized under present title .lime 29, 1801. Dividends 3Rj in
Jan. and 4 in July. Operations and earnings for two years past were
as followrs: 1879-80, gross, $3 19,111; net, $154,180 ; 1880-81, gross,
$410,020; net, $212,981. (V. 32, p. 559.)
Sioux City it Pacific.—Jan. 1,18^3, owned from Sioux'City, la., to
Fremont, Neb., 107 miles; leased—Fremont Klkliorn A: Mo. Valley RR.,
305 miles; total line operated, 4 12 miles.
For the year ending Dec. 31,
1882, the gross receipts were $873,502 and delieit alter paying interest
and rentals, $192,473. The capital stock is $2,008,400, ot which
$109,000 is preferred, receiving a dividend of 7 per cent per annum.

<See balance sheet V. 30, p. 220.) A majority is ow'hed by Cedar Rapids
Missouri Railroad Company. Oliver Ames, President, North Easton,
Mass. (V. 34, p. 079; V. 35, p. 71, 182, 291, 431; V. 30, p.220, 427.)
Somerset.—West Watcrville, Me., to Anson, Me*., 25 miles. Capital
stock, $377,573. Hi July, 1883, the bondhol lers took possession and
prepared to reorganize the company.
Gross earnings in 1881-82,
$27,792; net, $5,070.
South Carolina.—Dee,. 31, 1882, owned from Charleston to Augusta,
S.C., 137 miles; branchesUPColmulria, 08 m., and to Camden, 38 m.;
total main line and branches, 243 in. A receiver took possession in Sept..
1877, at the suit of 2d moiTgagc bondholders.
The sale was made
July 28, 1881. and the road purchased by W. IL Brawley for the com¬
mittee, for $1,275,000 over the lirsf mortgage debt, anti the company
was reorganized with stock and bonds as above.

1, 1896

g.

g.

M. A S.
F. A A.
F. A A.
M. A N.

o*

g.
n-

g.

-

J.

-

-

A

1889 A 1907

July 5, 1883
March, 1910
Jam 1, 1898
Jan. 1, 1898
July, 1891
Feb. 1, 1883
1883
1883
Oct.
Jau.
Jan.
Jan.

Ah, Vcrinilve A Co

Ne w York A geney.

1.

1920

1,

1931

1.

1931

1, 1890

May 1, 1903
Mar.

N

to 1888
to 1888

1. 1900

Aug. 1, 1887
Feb. 1, 1922

May 1, 1900

.

J.

New- York Citv.

Mar.,

i909-10

A. A O.
N. Ah, Mills Building. 1905-6 A 1912
A. A O.
do
do
April 1, 1900
J. A J. N. Ah, Company’s Office Jan. 1, 1911
J. A I). Savannah,Cent.RR. Bk. June 26,1883

Valley Railroad Company.

Road originally organized

under the, name of Southern Pennsylvania Iron A Railroad
Company,
hut was sold by foreclosure of second mortgage" December, 1872,

and

reorganized under present name. Capital stock, $800,000. (V. 37, p.49.)
Southern Central (X. T.)—Sept. 30.1882, owned from Fairhavcn, N.Y.,
to Pennsylvania State Line, 114 miles. Road forms an extension into
New York State for Lehigh Valley Railroad. Default was made Feb.
1, 1882, and the bonds and coupons !were exchanged for new-consols at
par, the $106,000 of guaranteed 2ds being paid by the Lehigh Valley

Co., which received new 5s for them. The new- 5s are convertible into
stock at option of holders wii bin ten years. Capital stock paid Inis
$1,790,23 i. In 1879-80, gross earnings were $455,467; net, $149,237;
in

1880 SI gross $526,429; net, $111,111.

(V. 34, p. 178; V. 36, p. 427.)
Rapids.—In progress. Ottumwa to Ced. II., Iowa,
Southern Maryland.—The Southern Maryland Railroad is designed to
Southern low a it Ced.

.

37, p. 49, 100.)
Shenango </■ Alleghany.— Jan. 1, 1883, owned from Greenville to
Hilliard, Pa., 47 miles; branches,
10 miles; total operated, 57
miles. The company made default in 1879, but the October coupons
were paid Feb. 21, 1SHO.
Stock, $200,000. Gross earnings in 1880-81,
$140,093; net, $38,099. Gross 1881-82, $171,170; net, $73,855.
Shore Line (Conn.)—Line of road. New Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬
pany in perpetuity November 1, 1870, at $100,000 net per annum.

Jan.

April 1, 1894
July 1. 1910

M. A N. Balt.,Farm.A I’lant.Bk.
M. A N. Phila,. Phil. A Read.RR.

4
4J<>
6

3,503.000
8 17,000
2,538,000
391,000

Stocks—Last
Dividend.

J.

7 g.
7 gK6
7

729,975
636,500

500

1,000

3

Where

4,2rl.100

Various

1.000

/

When

Payable

Bonds—Princi

pal, When Due,

7
7
7

3

200,000
1,628.000
1,628,320
-150,000

100
100

1881
1881
1870
1 8

Rate per
Cent.

$1,294,000

1,000
1,000

1881

1870

167
321

$500Ac.

100

87

15

Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern < Ha.)—Stock. guarant’d7 per annum

....

4 882

384
815

Outstanding

100

18]
183
70
21
1 14
111

—

Amount

extend from Point

Lookout, at the mouth of the l’otomac River, to
Washington, where it will make connection with the Baltimore A Poto¬
mac
Branch of the Pennsylvania Road., and with the Washington &
Metropolitan Branch of the Baltimore A Ohio Road. The length will bo
77 miles. John Van Riswick, President, Washington, D.C. (V. 36, p. 445.)
Southern Pacific of Arizona.—This is the connecting line of the South¬
ern Pacific of (,'alifornia, extending from Yuma to New Mexico
boundary ■.
384 miles. The stock is $19,995,000. Operated under lease to Central
Pacific till Nov. J, 1885, at $135 per mile per month.
Rental for 1882,

$631,355.

Southern Pacific of California.—Dee. 31,1882, owned in North. Div.
San Francisco, to Tres Pinos, HxMo miles; Carnadero June, to Soledad,

(5(0-2 miles; and leased line, Castroville Junction to Monterey, 15 miles;

total in North. Div., 176 miles. South. Div., Huron via Goshen to Col¬
orado Riv., 529 miles; Mojave towards the Needles, 131 miles; Los
Angeles via Wilmington to San Pedro, 25 miles; total South. Div., 684
miles; tot ill South. Pacific in Cal., 8(50 miles.
At Goshen the Southern
Div. meets the San Joaquin Branch of the Cent. Pae., by which it reaches
Sim Francisco and the main line- of Central Pacific. The line Mojave
Junction to Colorado River, 27.8 miles, was finished in 1883.
(V. 34, p.
178.) The Southern Paeitie, at its terminus at Yuma, connects with
the Southern Pacific-Railroad of Arizona, an independent but closely
alliliated company, some 3-85 miles, to a junction with the New Mexico
Division of 171 miles more to El Paso. Thence the line runs over tho
Galveston Harrisburg A San Antonio Extension to San Antonio, and so
on to New'Orleans.
Li Feb., 1883, a Southern Pacific syndicate pur¬
chased the entire interest m Morgan’s La. A Tex. roads and steamships,
including a control of Houston A Texas Central stock.
The bonds above are m series A. B, 0.1) anil E, of w hich A includes
$15,000,000 and B, C, D on l E each $5,000,000; there are also tw-o
other series, F of $5,000,000 and G of $(>,000,000 for new construction

(See V. 35, p. 706).

Land grant is 12,840 acres per mile, ami proceeds
bonds, rne total grant is estimated to furnish.
10,445,227 acres net. In 1882 the sales were 103,538 acres for $494,934.
Besides these sales a sinking fund Of $100,000 per annum went into
Stock paid in is $10,3(53,900. The Central Pacific
The average gross earnings per year for twelve years past have been operation in 1882.
$1,250,435, and'the average net earnings $101,03 1, being 37*5 per cent. Railroad Company has taken a lease of the southern division of this
road
for
a
period of live years from January, 1880.
The company had in its treasury Jan. 1, 1883, for improvements, newBy the
first consol, mort. bonds, $50,000; new second, $483,000; new- third terms of the lease, the, net rental is $250 a month, or $3,000 a year,
income, $402,ooO.
The trustees also hold to take up prior liens per mile, and if it shall lie reduced by mutual consent, the rental shall
lie at least sufficient to pay interest on bonds. (See article in Chronicle,
V. 36, p. 353, as to the profits to the lessee company.)
Tu 1SS2 the net
arnings for live years past were as follows:
Years.
**’
Miles.
Gross Earnings.
Net Earu’gs. income was $1 16,138 on North. Div. and $1,666,666 rental on South.
1878
213
$1,011,801
$371,031 Division, and $1-59,000 from contract with Wells. Fargo A Co., making
1.879
243
1,052,023
337,745 total income, $1,971,^04. out of which was paid $1,712,434 for interest,
and $100,000 for sinking fund, leaving a surplus of $159,370.
1880
213
(V. 35,
1,217,750
3 11,902
p. 79, 103,291.339, 405.45 4.578, 706; V. 36, p. 70, 170, 212, 352,
•1881
243
500.951
1,233,901
1882....
243
1,313,820
501,190 471, 591 ; V. 37, p. 68, 265, 343.)
Southern Pacific of Xew Mexico.—Road extends from Arizona State
—(V. 34, p. 222. 345, 509; V. 35, p. 038; V. 30, p. 82, 220.)
Line to the Rio Grande-at El Paso, Texas, 167 miles. Operated-under
South it Xorth Alabama.—June. 30, 1882. owned from Decatur. Ala., to
Montgomery, Ala., 182 miles, w-ith a branch of 0 miles from Elmore to louse to Central Pacific till Nov. 1, 1885, at $135 per mile per month.
Rental in 1882 was $285,638. Stock, $6,88S,S00.
Wetumpka. The road is controlled by the Louisville. A Nashville RR
Co., which owns a majority of i lie stock and the whole of a 2d mort.
Southwcstern{(ia.)—From Macon, Ga.,to Eufaula, 144 miles; has. 177
bond issue of $2,000,000, due 1910, which are pledged with the Union
miles of branches, the main one being from Fort Valley to Columbus,71
Trust Co. as security for the L. A N. bonds, d ited June l. 1880. 500,000 miles.
A lease was made Aug. 1, 1865), to the Central RR. of Georgia
acres of land in Alabama, largely mineral, nave been translerrod to the
which assumes the. liabilities and guarantees 7 per cent on the stock,
Louisville A Nashville ( <>. Common stock, $1,4(59,082 ; preferred stock,
lint 8 per cent is to l>e paid if 10 per cent i< paid on Central stock.
$2,000,000.
In 1881-S2 gross earnings were $1,311,115, and net. In June, 1-881, $32 per share, in 6 per-cent debt certificates was declared
0312,214. again-it $.21,2 <5
in IsSO-Sl.
Disbursements included by Central Georgia Railroad.
South west Pen nsylvan ia.—i Jreensburg, Pa., to Fairckance, P., 44 miles.
$240,199 for construction and $1 8*5.2 55 for •vSeliginau jud-anent,”
leaving a delieit after ail payments of $ 597,5420 lor r he year. Amount Opened April 1', 1873. and leased to Pennsylvania, Railroad, wdiich oper¬
due Louisville A Nashville RR. Co., $1,27(5,040. (\h 35, p. 1(52.)
ates it at cost, paying net earnings as rental.
In 1881 gross earnings
were $710,595
and net earnings, $109,038. Interest on bonds and 9
South Pacific Coast—December 31. LS^i, owned from Newark to
Junction (Felton), Cat.. 4.5 miles; leaded -Alameda Point to Newark. per eeiWon stock were paid out of net earnings of 1882. 5 per cent paid
of sales go to

pay

t1,447,000 of tlrst consol, mortgage and $170,000 of second consol,

’

25 miles; Felton to Santa Cruz. (5 miles; total, 76 miles. There are no on stock", March, I 883.
Spnytcn Puyrel <(• Port Morris.—Road is 6 lifiles in length and connects
bonds but unfunded debt of $! ,913.930. Gross earnings 1 sso, $38(5.- i
469; delieit. $91,023; gross in lssl, $569.96-?; net, $25,993. A. (5. j the New York Central A Hudson with the New York A Harlem. Leased
to New York Central November 1, 1871.
Rental is 8 per cent on capital
Davis, President, San Francisco.
South Pennsylvania Railway <f- Mining Company.—South Rennsyl- ; stock of $989,000. Operations are included in lessee’s returns.
vauia Junct ion to Richmond. Pa., 21 miles, with a iiraneh from Rich-i
State Line J Snlhvan —January, 1883. owned from Monroeton, Pa., to
nioiul to Ore Bank's, 2 miios.
Incased for 191* years from MaTeh 1. 1870. ■ Berenice. Pa., 25 miles
Originally organized as Sullivan A Erie Coal 6c,




C7

RAILROAD

October, 1883.]
Subscribers will confer

a

or

|

explanation of column headings, Ac.,
oil

lirst page

AND

BONDS.

great favor by giving immediate notice of any

DESCRIPTION.
i

STOCKS

3Iiles ! Date
of

see notes

of tables.

Size,

|

of
Bon els
*

Road.

1

j
or

1

Par

i

6
2 4
13

Staten Island— 1st mortgage

Sterling Mountain (X. 1.)— 1st men*t., income, guar.
Stockton d Copperopolis—1st molt., (guar, by C. P.)
Summit Branch (Pa.)—Stock
1st mortgage bonds

1877

’"

7:h
45

.•

Sunbury d Leivistomi—1st mort gage*
Suspension Bridge d Brie Junction—Stock

j

....

.

.

.

:

50

1874
1870

1,000 i
500

1870

1.000

1875
1st 57

100

1,000

....

1873

.

1,000

j

18*1

1.000

*

1875

j

1,000

....

1875
! 1875
i 1875

3 ,000

1,000
1,000

1SS0-1

....

....

i 1881

1SS0

j
1

1,000

Sunburn d Zctmhwn.—Solinsgrove Junction to Lewistown. Pa... 43
Leased to Pennsylvania RR. for net earnings, which in lsso wen$95,577; in 1881, $1 It),240; in lss2, $1 2o,<>(>.>. Stock, $6t>o,oo0 and
dividends of 12 per cent were paid lor two years and 1<» in 18*3, to Nov
Suspension Bridged■ Brie Junction.—East Rutfalo Junct ion to Niagara
Falls and Suspension Bridge, 23Lj miles. Road opened
January, 1871.
irilcs.

It is leased to New York Lake Erie A Western Railroad Co. at 30
per
cent of gross receipts, which are guaranteed to be not less t ban
$105,000
per annum.
Loss to lessees in 1880-81, $17,001.
In l^sl-82, loss,
own

all stock except 297 shares.

from

Geudcs, N. Y.J to Einghampton, N. V., 81 miles. Chartered as Syracuse
& Binghampton and opened Oet. 23, 1854; foreclosed and
reorganized
April 30, 1857, and leased to Delaware Lackawanna A Western. In
1880-81, gross earnings, $1.001,489; net, $597.915; interest on bonds,
$141,400; dividend, $440,280. In 18*1-82 gross earnings, $1.128,209;
net, $53S,2<0; interest, $141,400; dividends. $^50,000. (V. 30, p. 141.>
Syracuse Chenango d Xew York — Sept. 30, 1882, owned from Syra¬
cuse, N. Y., to Eariville, N. Y., 43k> miles. The Syracuse A Chenango
Valley Railroad was sold in foreclosure and a new company organized
March 14, 1873, under the name, of .Syracuse. & Chenango Railroad.
April 15, 1877, road was again sold in foreclosure and present company
organized, which also became embarrassed and passed into the hands of
Mr. James J. Belden, January, 1879, as Receiver. In
January, 1880,
the road was sold to the Boston Iloosae Tunnel A West,
syndicate, and
litigation ensued?"’'Stock, $500,000 common and $301,400 prof. Earn¬
ings in 1880-SI, $90,173; net, $3,915. In 1881-2, gross earnings,
$94,111; deficiency after charging out interest account, $2(3,413. (V.
33, p.178, 71G, 730.)
Syracuse Geneva d■ Corning.—Sept. 30, 1882, owned from Corning,
N. Y., to Geneva, N. Y.. 57 miles. This road was opened Dec. 10,
1877,
and is leased to the Fall Brook Coal Co.
Stock is $1,200,000.
Im
1880-81 gross earnings were $513,591; operating expenses, $329,377;
net, $184,214. In 1881-82 gross earnings, $538,943 ; net, $42,954.
Terre Haute d Indianapolis.—Oet. 31, 1882, owned from Ind’napolisto

III. State L., 80 m., with coal branches, 34 m.; total, 114 m. The road was
opened in 1352 (as Torre Haute A Richmond).
The company leases
and operates the Terre Haute A I.ogansport RR.. also the, St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 percent- of gross earnings, but guarantees tin* first and
second mprt. bonds,
in 1881-82 gross carnimrs. $1.285,433 ; net earn¬

ings, $133,311; totalm t income, $483,842; interest and 8 per cent divi¬
dends, $271,052; suiplus. $212,790; loss on T. A L. lease, $130,023;
loss

St. L. V. A T. II., $14,054; balance of income, $01,807.
Terre Haute d Logansp.—Oct. 31,18*2,
owned from Logan sport, Tnd.,
to Rockville, Ind.. 94 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 110 miles.
Formerly Logansp. Crawfordsv. A Southw.,
which was sold in foreclosure Sept. 10, 1*79, and reorganized under
present name. Leased by Torre Haute A Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental, 18.*0-81, $04,(349; in 13*1-82, $80..>13.
Texas Central.—Lino of road from Ross, in McLennan Co., to Albany,
Texas, 177 miles; Gairett to Roberts, 52 miles; total, 229 miles. Gross
earnings on 143 miles in 1880-81, $247.7o7; net, $128,070. In 188182 on 180 miles, gross, $209,542; net, $121,079. .Stock,
$1,500,000.
C. A. Whitney, Pres., N. O. (V. 35, p. 373; V. 30, p. 075.)
Tcxas-Merican.—Owns from Corpus Christi, Tex,, to Laredo on the Rio
oil

Grande,

iG5 miles.




Charter

covers

1,400 miles in all.

Under

2,500,000
270,000 i
1.750,000 i
201.400 i
955,000

i

000.000

,

4,740.000
2,128,000

November 17, 1877. of the Stockton A- CoppcYopolis and the Stockton A
Visalia. Line of road, Stockton to Milton and Peters to Oakdale.Cal., 4.i)
miles. Leased to Central Pacific Railroad Company for thirty
years
from December 30, 1874. Ry the terms of the lease the lessee agrees to
pay principal and interest, of the bonds. Capital stock, $234,500. The
company previously made default July, 1S74, and the $1,000,000 of
old bonds were, exchanged for the present issue guaranteed.
Summit Branch (/V/.)—This company operated the Lykens
Valley
RR. through the Northern Cent. RR. Co., and it has a small bram h of its
own to Summit Mines, % of a mile.
Trattic is almost exclusively coal.
Gross receipts in 1882, including coal, $1.308,021); net, $103,203;
interest and advances, $180,188. (V. 33, p. 125.)

Binghampton d New York.—Sept. 30, 1882, owned

7
7

500
1,000

paid Sept.,18S3. (V. 34, p. 107 ; V. 30, p. 724 ; V. 37, p. 400.)
Sterling Mountain (X. T.)—Road runs from Sterlington on the Erie
Ry. to Lakeville, about 8 miles. Ronds guar, by Sterling Iron A Rail¬
way Co. Stock, $80,000. Earnings 1881-82, $15,505.
(V. 33, p. 350.)
Stockton d Copperopolis.—Present, coippany is a consolidation, made

Lessees

i

1,000

formed December 2, 1874, under tin* present mime. Stock,
$990,00C.
(par $50). The mortgage covers 5,000 acres coal lands. In 1881-82 gross
arniugs were $171,343, and net earnings, $3G,42S.
Staten Island.—Local road on Staten Island, Stapleton to Tottenville,
13 miles. Road was* purchased by present owners in 1874, and is
operated in connection with Staten Island Ferry Company. Capital
stock,$210,000. In Oet., 1883, leased to Staten island Rapid Transit
Co.
Earnings in 1880-81, gross, $304,000 ; net, $*<0,000. $1 dividend

Sura cure

7

13,028,000 !
0,720.000
4,740,000 i

1,000

RR. Co., 'which was sold in foreclosure Oet. 14, 1874, and a new
company

$18,290.

1.300,000

500,000
500,000

same con¬

{

I

Whom.

Dividend.

M. A S.
F. A A. I’hila. anel
Greenslmrg.
J. A J.
New York.
A J. IN Y., Union Trust Co.
A. A O. IX.A., Cennpanv’s Ollice.
Fe*b.
New Yeirk.
J. A J. 1 N. Y., Central Pacific.
F. A A. Pi ila.,233 So. 4 th St.
J. A J.
eh)
elo
J. A J. Phila., Guar. T. A I). Co

CO

J. A J. N. Y. Lake Erie A West.
F. A A. N.Y., 1). L. A W. RR. Co.

7

J.

Y

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

..

7
7
5
4
7

j

A D.
elo
elo
A (>.
elo
elo
A A. Syracuse Savings Bank.
A N N, A..Farmers’ E.A T.Co
A S.
A A. N.Y.,Farmers L.A T.Co.
A O.
ele>
ele>

Sept,, 1883
Feb., 1917
July, 1883

Jan.

J. N.Y., Farme'rs’L.A T.Co.
7 ,g. M. A N.i N, Y., J. J. Cisco A Sou.
7 a'.
M. A N.j
eh)
0 g. i J. A J.i
7

Feb. 10, 1876
Jan. 1. 1904

July 1, 1896
Yearly.
July 1, 1900
Aug., 1883
June, 1887
1, 1906
Aug. 1. 1907
Nov. 15, 1905
Mar. 1, 1909
Aug. 1. 1883
Oct.

1S93

P. A A.

0 g.
o g.

7
o
0
0
0
0

A

|

....

N.

Y., 54 Exchange

1, 1899

April 1, 1893
July 7. 1895
January. 1905

)

I J.

0

890,090 1

1880
* LSSO 1
18*1 !

200 !

D

3

1,000,000 !
500,000 |
500,000 j
2,14 5,000 j
I,254jK)0 i
2,500,000 i
1,020,000 1
32,191,500-1
3,909,000 j
9,131,000 1
8,0*2.000 j

1,000

7

500.000

1,000
50

4

1,010,350

1,988,150 !

i 18*1

Payable:

7
7

50

1,000

!

j

Bonds—Princi¬
pal, When Due.
Where Payable, and b>
Stocks—Last

..

5
7

1,000.000

1,000
50 AC.

1879
1*79

;

j
J

1

475.074

,ooo |
500 Ac.

!

....

1st mortgage, cetlel. in Texas

i

1 S76
18 4 7
1 875
3 899

81
43
57

Tcn'c Haute d Indianapolis—Ste ck
ut
i
Bonds of 1873
Terre Hauled Lognnsport.—Stex-k
! 3 10
1st mortgage, guar. byTe-rrc Haute A
93
Iml’mipedis)
Texas Cen tral—1st .mortgage-, gold
3 13
i
New mortgage, gold (2d on 143 miles)
81
Texas-Mcxiean—1 st men tgage, gold ($15,000 p. m.).
Texas d X. Orleans or' ’74—1st mortg. land gr., coup
Texas d Pacijie—Stock
1,391
1st mortgage, goiel, coup. (L. Div.)
52 4
2d mort., consol., gold, coup. (E. Div.)
524
Income anel land mort., E. Div.. reg
524
Scrip forint.on iiie*.mort.(reel’mable in st’kor land)
1st mort., gold, land grant, Em Grande Division.! 521
New Orleans Pae-itie-, 1st mortgage
1 330
Texas d St. Louis in Mo.d Ark.—1st meat., goid
-|

ioo
1,000 1

,....

23
81
8 1

Syracuse Binghampton J X. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)
Syracuse Chenango d Xeie York—Funele-el debt
Syracuse Geneva d Corning— 1st mortgage

1S 78

....

When

Cent.
i

902.000

3 873
3 831

i

disco\ered in these Tables.

1 Rate per

$510,150

1,000

989,000
205,000
300,000

1875

20
20
43 ki
23

$....

j

I

mortgage.. T
Spuyten Dui/cil d Port Morris— Stock
State Line d Sullivan—1st 31., conv. (rcd’ble aft.’88)
1st

.

i

44 !

Penusylvania—Stock

|

Southwest

error

INTEREST OR DIVIDENDS.

Amount

jOutstauding

Value.

71

1910

1*1.1
1

Nov, 1, 1909
May 1, 1911
July 1, 1921
Aug. 1, 1905

M. A

S. Phila., N. York A Reunion March
1, 1905
J. A 1).
elo
elo
June 1, 1905
New YorkA Philad’phia Jan. 1, 1915
July.

g.
g.

! F.

g.

i.J.

A A.
A J.
g. j M. A S
| March.

J.

A;

N.Y., Mercantile Tr. Co.
eh)

ele)

.

Fe-l).

‘

1,

1930

July 1, 1920

N.Y.,Nat.Bk.of Com’rce Oet.
-

j

I). N’Y ,Nat.Bk.of Com’rce

1, 1911
1, 1911
June 1, 1910

’ Oct,
■

trol as the Mexican National.
W. J. Palmer, President.
sections per mile. Stock authorized

Land grant, 16
$12,000,000. (V. 33, p. 528.)
Texas d ~\cw Orleans (of 1874).—Houston, Tex., to
Orange (Sabin©
River), 100 miles. In August, 1881, this company acquired tile La. &
Western from Vermillionvilie, La., to Orange, Texas,
112 miles.
In Aug., 1882, it was voted to increase the stock to
$5,000,000, for the
purpose of acquiring the Sabine A East Texas road. This was a
reorga¬
nization, 1874, of the old Texas A New Orleans RR. The stock is
$3,000,000, and a controlling interest was reported sold to 0. P. Hunt¬
ington, of the Southern Pacific. Gross earnings, 1881,
$7(33,301; net.
$399,593. 18*2. gross, $810,510 ; net, $425,180. John T. Terry, Pres.,
N. Y.
(V. 33. p. 75. 218 ; V. 35, p. 237.)
Texas d- Barijie-{See Map, Page 51.)—June
30,1882. operated

from Texarkana, to Fort Woi t h, 253 miles; Texarkana to Fort
Worth
via Sherman, 214 miles; Marshall to Shreveport, 40
miles; total
eastern div ision 537 miles? Fort Worth to Sierra
Blanco, 521 miles;
Sierra Blanco to El Paso (joint track), 92 miles; total Rio
Grande
division. Old m.; total of both. 1,153 miles.
N. (). Pac., Shreveport to
N. <)., 330 miles when all built.
Total of all, 1,489 miles. The eastern
division ends ut Port Worth, and Rio Grande division
begins there; the
N. (). Pae. terminates at Shreveport.
The Texas A Pacific was built under act ot
Congress of March 3, 1871,
and ot her acts in 1 .*72 to ’74, and the. laws of Texas. This
company suc¬
ceeded to the right ot the .Memphis El Paso A Pacific Railroad
and other
companies. B\ a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was qxtended towards El
Pasoonthe Rio Grande, to meet the Southern Pacific of
California, with
$25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
Insurance Trust A S. D. Co. of Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock authorized is
$50,000,000. A con¬
solidation with New Orleans Pacific, share; for share, was voted in
May,
1**1.
Frenn the- State- ed Texas the company received
10,240 acres
of hind per mile, and by
building east of Fort Worth earned 4,0(30,845
acre-.s (yet unsold), on which the income bonds are
a lien, as alsei a 3d
east
mortgage- on the* road
e>f Fort Weirth. The railreiad lands in Texas,
howe ve r, do not lie* aeijae-e-nt to the; line of the roads
owning them, and
these* are located in part in counties
along the Rio Gramie division.
Tin; R. G. Div. bemels we-re; a mortgage on liie lands earned
by building
that elivision, which would haw. amounted to about
5,375,000 acres if
loe-ate-el.
Se-rip was issued to holders of income bonds up te> July, 1881, anel then
ce-ase-d.
in Oct., 1*83, after action taken by bondholders to collect

interest, the cohipany

gave notice that 14 per ce*nt scrip would be issued
for the* t\ve> years to July, 1883. The interest
scrip is payable only in
stock or in land and interest at 7 percent is allowed on it
only when
turneel in in payment for bin el.
Fen* the- year 1882, se-c balance sheet, V. 30, p. 423. Gross
earnings
in 18*2, $5,919,732 ; net, $1,343,291, (V. 33,
p. 48, 102, 117. 155, 178,
250, 380. 404, 401, 470. 501, 023, 087. 710; V. 34, p. 205. 292; V. 35,
]>. 52, 102, 313, 3 1 9, 517 ; V. 37, p. 49, 08, 392, 424.)
Texas d: St. Louis in Missouri and
Arkansas.—Narrow-gauge road
from Birds Remit, Men, opposite Cairo, Ill., te> Texarkana,
Tex., 419
miles, and thence by the “Texas A St Louis RR. in Texas” to Gates-

ville, 301 mill's; total, main line, 723 miles; branches, Paw Paw to
miles; McNeil to Magnolia, 0 miles; total, 735 miles,
Capital stea k is $9,582,500 (par $100), which amount includes $3,945,ooo deposited in trust to take up a like amount or the old stex;k of the
Te xas A St. Louis in Texas.
Also enough of the general first mortgage
and general income bonds are reserved to re tire the oiel first
mortgage
and incomes. The company issues $12,500 per mile in 1st
mortgage
bonds, $12,500 incomes anel $12,500 stock, and the incomes are a 1st
mortgage on the land grant and a 2d mentgage on the road. Land grant
was 10.2 to acres feu* each mi-e of finished road in
Te-xas, but only about
1.000,000 acre s are assured. See; full statement in ChroniClk, V. 37, p.
24. J. W. Paramoro. President. St. Louis.
(V. 35, p. 23, 103, 102, 182,
229,313. 431,457, 487,003; V. 30, p.18,454, 501, 675,070,731; V.
..7, p, 24. 49, 152.)
Texas Western.—Projected from Houston, Tex., to Presidio Del Norte,
Te*x., 900 miles, and under construction. In operation Dec. 31,1882,
Houston te> Seale-y, 52 mile's, connecting with Gulf Col. A S. Fe RR.
Stex-k autlmrize-el, $3,000,000.
Land grant 10,240 acres per mile. Fred.
New Madrid, 0

D. Grant, President. N. Y.

City.
Tioga.—September 30, 1882, owned from Arnot, Pa., to State lino New
York, 44 miles; branch, Blosslmrg, Pa., to Morris’Run, Pa., 4 miles;
leased, Elmira State Line Railroad,' State lino Ne;w York to N. C. Rail¬
June-tion. 7 miles': and Arnot. A Pine Creek RR., Arnot to HoytPa.. 12 mile's; total, 07 mile’s. Controlb-d by N. Y. L. E. A W.
The; stex-k is $391,200 common anel $1*9,700 preferred.
In 1880-81,
gross earnings,
$493,305; net, $187,900; in 1881-82 gross, $502,335;
ne-t, $197,913.
(V. 35, p. 313.)
Toledo A nn J rbor d Grand Trunk.—Dee. 31,1882, owned from
Toledo,
(>.. to So. Lyons, Mich., 01 miles.
A constlidatiem, Oet., 188u, or Toledo
A Ann Arbor and Toledo Ann A. A Northeaste-rn railroads,
connecting
with Grand Trunk eel Canada.
Annual re-port in V. 37, p. 98. Stock,
$1,900,000. in 1882 gross receipts, $178,232; surplus over interest,
$175. (V. 37. p 98. 152, 392.)
Toledo Canada Southern d Detroit.—Tole'do, Ohio, to Detroit (G,
T. Junction), Mich., 55 miles.
Roael opened September 1, 1873. Operway

ville*,

RAILROAD

7*2

Subscribers will confer a great favor

DESCRIPTION.
For

Tcjns d St. Louis in Mo. d Ark.—(Continued) —
2d mort., income bonds, 1st mort. on land
General 1st mort., gold, in Tex
General 1st mort. land grant and income bonds
Texas Western (N. G.)—1st mortgage

.

*

1879-0.

.

.

.

.

5 1
54

.

*.

.

2d M., inc., lion-cum., Tol. to Kok
1st mort., Dayton Division
2d M., Dayton Div.,inc., non-cum
1st mort., Tol. terminal trust “ A”
1st mort., gold, Southeastern Dig
Income bds, Southeast. Div., non-cum.
Cincinnati Div., 1st mort., gold
do
income, non-cum

61
55
757
270

270
181
181
102
102

180

$500

$2,128,000

1.000
500

*1,817,000
1,817,000
12,000 p. m.
239,500
125,000
265,000

22

00
35
53
64
74

1,820
1,038

1,038
1,038

....

....

....

1881
'

1881
1881
1880
1880
1880
1880
1880
1 88 L
1881
1881
1881
1881
1881
1874
1878
_

,

1876
IS 75
t

1866-9
1866-9
1874
1867-9

Amount

....

m

1884

incomes

—

Outstanding

1882
1852
1876

1881

Talley d Cuba—1st mort
Troy d Boston—1st mortgage, consolidated
New mortgage bonds (for $1,000,000)
Tyrone d Clearfield—Stock
Ulster d Delaware—1st mortgage
2d mortgage income bonds
Union Pacific—Stock
1st mortgage, gold, on road and equipment
2d mortgage currency (Government subsidy)
3d
do
on road (2d on land), sinking fund..
Land grant bonds on 10,514,789 acres

BONDS.

1,000

1,260.000

“so

15,000.000
3,000,000
3,000,000

1.000

1,250,000

1,000
1,000

1,250,000
1.000,000

1,000

1,000,000
250,000

1,000

1,000

500,000
500,000
500,000

1.000

1,380,000

1,000

865,000
1,000,000
159,000
1,342,600

....

.

-

.

.

•

1,000
100 Ac.
100

1,000
1,000
1,000

Dayton and Slianesville br., 102 miles; Southeastern Division, 185
miles; Cincinnati Division, 17miles; Iron RR., 24 miles; total, 757 miles
June, 1883.
In November, 1882, the company needed funds, and a plan
was made in Boston to raise $800,000 by subscription of parties inter¬
ested, they taking 8 per cent debenture bonds as security. The interest
coupons due in 18S3 and 1884 on the first mortgage bonds, in April,
1883, were being funded into 0 per cent scrip due Oct., 1891.
It was

embarrassed; but in Sept, receiver was ordered discharged by the court
and property to be returned to the company Oct. 20. (V. 35, i>. 102, 207,
313, 339, 374, 431, 538, 577, 058, 703; V. 30, p. 18, 3 10, 399, 480,.501,
591, 052, 099 ; V. 37, p. 49, 100, 128, 152,170, 344. 370, 392, 424.)
Tonaxcanda Talley d Cuba.—Sept. 30, 1882, owned from Attica, N. Y.
to Cuba, N. Y., 00 miles. Stock $598,200. (Securities listed at N. Y.
Stock Exchange December, 1882. Of the above bonds $130,000 are
reserved to redeem a prior issue. R. G. Taylor, Buffalo, N. Y., Presi¬
dent.

(V. 35, p. 700.)
Troy d Boston.—September 30, 1882, owned from Troy, N. Y., to Ver¬
mont State line, 35 miles; leased: Southern Vermont 0 miles; Troy A
Bennington, 5 miles; Vermont State line to North Adams, 7 miles; total
operated, 53 miles. The 1st consol, bonds are used to redeem 1st and
2d mortgages, and 2d consol, to redeem floating debt. Stock, $1,023,110.
In 1881-2 surplus was $31,141. Operations and earnings for three years
past were as follows:
Biv’d
Net
Gross
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ct.
53
0,191,024
$28,252,911 $570,101 $271,423
18S1-82

..

..

0,240,817

24,778,230

7,315,713

24,979,208

498,719
523,547

182,200

213,700

,

Union Pacific Railway—(Sec Map.)—December 31, 1882, main
line—Council Blifts to Ogden, 1,037 miles;
branches—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 038 ; Denver
to Cheyenne, 100; Leavenworth to Lawrence, 34; total owned, 1,820
miles; controlled—Omaha A Repub. Valley RR., 100 miles; Omaha N. A
Black IIills RR., 84; Colorado Central RR.,327; Echo A Park
City RR.,
32; Utah A Northern RR., 4(52; Marysville A Blue Val. RR., 38*; Carbondale Branch, 31; Junction City A Fort Kearney, 70; Solomon RR..
57; Saliua A Southwestern, 35: St. Joseph A Western, 251; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 105;
Denver A Boulder Valley., 27; Golden Boulder A Car, 0; Oregon
Short Line, 255 ; Greeley Salt Lake A Pacific, 41 ; Denver South Park A
Pacific. 204; Man. Alma A Bur., 28; Nevada Central, 93; Manhattan A
N. W., 4; Salt Lake A Western, 54; total controlled, 2,872 miles; total
operated and controlled Dec. 31, 1882, 4,692 miles. The Central Branch
Union Pacific and leased lines is operated by the Missouri Pacific under

agreement with Union Pacific.
was a consolidation, January 24. 1880, of the Union Pacific
Railroad, the Kansas l acilic and Denver Pacific, made under authority
of the acts of Congress of July 1, 1802 and July 2, 1804. New stock
was issued for the old stock of the three
companies, but their bonds
remained uncha.igcd, (See Chronicle, V. 30, p. 118.)
The eomnnny.
under acts of Congress above-named, took a land grant of 12,800 act os
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. 8.
bonds of $27,230,512. The interest and principal of this loan is to
be paid according to the “Thurman Act,” which requires 25
per cent
of the net earnings, after deducting interest on the first
mortgage
bonds, to be paid annually to the Government as follows: FirstApplied directly to interest account, one-half of Government earnings,
and 5 per cent of net earnings, after deducting interest on first
mortgage
bonds. Second—To be placed in the sinking fund—the other half of the
Government earnings and so much of $850,900 as may be
necessary to
make 25 per cent of net earnings.
The report for 1S82 gave the gross
earnings as follows :
1,820 miles, main lines
$22,823,884
“
"
2,359
auxiliaries
7,540.0 43
“
513
auxiliaries
not reported
The roads making up the 513 miles of auxiliary lines of which the
an

This




A

J.
J.

J.

6
8
7

New York

or

J.

1, 1896
1, 1905
1, 1921

Oct.
Jan.

London.

N.Y., G. W. Ballou A Co.

•

3^

27,236,512

N.Y.,Farmers’ L.ATr.Co

....

7
7

134

N.Y., Bk. of N. America.

.

7
6
6
6
7
7

9 g.

A

1920

Aug. 1, 1921
Aug. 1, 1931
Feb. 1, 1922

do
do
do
do
A. A 0.
do
<lo
do
do
J. A J.
do
do
A. A O. New York and London.
N.Y., G. W. Ballou A Co.
A. A O.
do
do
do
do
do
do
J. A J.
do
do
Jan. 1.
do
do
M. A S.
New York Office.
J. A J. N. Y., Nat. B’k of Com.
A. A O.
do
do
F. A A. Pliila., 233 South 4th.
J. & J. Rondout, Co.’s Office.
F. A A.
do
do
Q.-J. New York and Boston.
J. A J.
do
do J. A J. U.S. Treas., at maturity.
M. A ,S. New York and Boston.
A. A O.
do
do

6
9 g.
6

27,229,000

New York.

Nov.

A. A O.
J. A J.

6
6
6
6
6
9 g.

60,854,105

Slocks—Last
Dividend.

1921

July

1, 1921
1, 1910
Jan. 1, 1910
Jan.

April 1,
April 1,
July 1,
April 1,
April 1,
April 1,
April 1,

1910
1910
1910

1921
1921
1921
1925

1901
1911

Sept. 1, 1931
1924
1903

Aug, 15, 1883
1906

July 1, 1905
Oct. 1, 1883
1896 to 1899
1896 to 1899

Sept. 1, 1893
1887

earnings

are not included arc the Central Branch, 383 miles; Man¬
hattan Alma & Burlingame, 28 miles; Manhattan N. W., 4 miles; and
Nevada Cent., 93 miles. Of the 2.359 miles’of branch roads on which the
gross earnings were, as above, $7,540,043, there is no detailed informa¬
tion m thej report except that the President says : “The earnings of
these lines, after the expenses of maintenance and operation were
deducted, amounted to $2,211,099,” and this is credited in the U. P.
income account as the amount received from stocks and bonds of the

auxiliary companies.
The

.

annual

report ror 1882 was published in V. 36, p. 282 The
earnings, expenses, income account and balance sheet were as follows,
but the earnings cover only the 1,820 miles of main road in the three years
EARNINGS AND EXPENSES.

1880.
$

Earnings—
Passenger—Cash
Government

Freight—Cash
Government

Mail, express, Ac
Total gross earnings
Operating Expenses—

Equipment and motive power
Transportation expenses
General
Total

(including taxes)

Net earnings
Per ct. of op. exp. to

3881.
$
4,922,711
208, *60

...

earnings

1882.

$

:

'

5,171,115
234,010
13,406.910
469,025
1,3 42,572
1,831,502

15,075,515
481,013
1,503,599
2,064,119

22,455,134
$

24,258,817
•$

1,964,773
1,109,676
4,424,871
2,132,692
439,908
473,199

2.179,071
1,700,426
5,185,906
2,482,538
394,011
538,311

10,545,119
11,910,015

12,180,3 13
11,778,474

46-96

10,727,049
12,096,835

51-45

4700

$
11,910,015
1,010,153
284,249

$
11,778,474
1,332,678

12,096.835

13,204.417

13,111,152
$
4,819,128

14,307,934
$
4,976,204

-

Maintenance of way

5,0."4,344
143,386
13,543,8 41
361,648
1,496,678

2,223,987

22,823,884
•$
2,082,492
556,143

4,733,832
2,392,499
487,7S6
471,297

INCOME ACCOUNT.

Receipts

..

-

A D.
A S.
A A.
A N.

....

..

—(V. 30, p. 170.)
Tyrone d Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44 miles;
branches, 20 miles; total, 04 miles.
This company was organized
April 1,1807, after sale in foreclosure. Road" completed m 1872. It
was leased to the Pennsylvania Railroad in 1878; rental was
$73,500.
J. N. Du Barry, President Philadelphia, Pa.
Ulster d Deluxeare.—Sept. 30, 1882, owned from Rondout (Hudson
River), N. Y., to Stamford, N. Y., 74 miles. This was the Rondout A.
Oswego in 1870; reorganized May 28, 1872, as New York Kingston A
Syracuse, and again, after foreclosure, May 1,1875, as Ulster A Delaware.
The stock is $1,152,100.
In 1080-81 the gross earnings were $237,100 ;
net earnings $25,019
In 1881-82, gross, $209,751; net. $$30,340,
Thos. Cornell is President, Rondout. N. Y.

Whom.

...

9 g-

proposed to exchange all income bonds for preferred stock, in shares
of $50 each, and a considerable amount was so exchanged. In July,
1883, Mr. E. E. Dwight was appointed receiver, the company being

Where Payable, and by

Bonds—Princi¬
pal,When Duo,

June 1,

7
7
7
« g.

13,861,000
4,670,000

....

to

When

Payable

J.
M.
F.
M.

6

2,052,000

....

-

6
6 g.
6

250,000
250,000

1,000

.

Rate-’ per
Cent.

2,250,000
2,250,000

1,000
500 Ac.
1.000

louis. of
Delphos
to St.
Eauge)
Owns
the Toledo
from Toledo
& Louis,
Burlington
and miles;
Toledo branch,
Cincinnati
A St.
M4>., 451
Delphos

53
53

[VOL. XXXVII,

1,547,662

1.000
500 Ac,

ated by Canada Southern.
The bonds were exchanged into Canada
Southern first mort. bonds at 70 per cent of face value. (V. 32, p. 330.)
Toledo Cincinnati d St. Louts.—This is the consolidated line (narrow

..

'

INTEREST OR DIVIDENDS.

Size, or
Par
Value.

1880
1881

m

Equipment bonds
Iron RR, 1st mortgage
do

Date
of
Bonds

18*1

.

Consolidated mortgage
Extension bonds
Toledo Ann Arbor d Grand Triad:—1st mort., gold.
Toledo Canada Southern d Detroit—Stock
Toledo Cincinnati d St. Louis—Stock
1st mortgage, gold
2d mortgage, income, not cumulative
Tol. Del. A i>., 1st mort., Tol. to’Kok
do
do
do
do
do
do
do
do
do
do
do
Toxxaxcanda

of
Road.

190

Tioga Jilt.—1st mortgage, due 1S82 and extended

AND

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

Miles

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

STOCKS

-

Net earnings
Interest and dividends
Other receipts
Total income
Disb ai'scmen Is—
Interest on debt

$
5,174.473

Discount, int’st, premiums,Ac.
Dividends

Due U. S.

ou

114.315

1 17,196

191,645

4,070,134

4,260,733

6

year’s business..

Total disbursements

’

Balance, surplus

2,211,099

3,045,733

Do per

cent
Sinking funds

$

7

i

434,000

307,000

442.000

1,779,811

1,653,359

2,097,190

10,543,337
2,656,080

10,972,817

11,967,827

2,133,335

2,340,107

GENERAL BALANCE AT CLOSE OF EACH' FISCAL YEAR.

A ssets--

Road, equip’!. Ac
Stocks owned, cost
Bonds owned, cost
Advances
Excess of int.

1880.

1881.

1SS2.

$

154,743,620

$■
156,378,669

156,949,005

\ 19,507,615

( 1 2,755,754
l 16,375,055

2,563,360
on

U. S. bonds.

Materials, fuel, Ac
U. P. bonds and stock
Denver Extension sink’g fund
Coal lands and mines
Bonds and stocks held in trust
Laud department assets
Total
Liabilities—
Stock
Funded debt (see Supplkm -nt)
United States subsidy bonds..
Accrued int. on subsidy bonds
Bills payable, and all other
dues an l accounts
Interest accrued not due
Balance of income account.;.

•$
*13.532,700

*18,537,973
2,552,213

117,305

1,87 7,300
349,562

1

2,1854)50
6,334,130

3,164,477
164,016
199,545
10(5,178
2,195.950
6,074,212

185,165,541

200,477,246

$
50,762.300
82,623,114
33,539,512

201,551,297

$60,868,500
82.113,133
33,539,512

60,368,500
81,845,507
33,539,512

12,133,976

12,590,388

13,130,439

1,519,335

4,035,073

1342,743

782,721
3,804,033

780,766
6,544,868

10,5.31,911

•1
4

185,572
231,122

13,208,950

6,306,759
•$

789.035

Total liabilities
185,165,541 200,477,246 201,554,297
X The balance sheet for 1882 is changed in form as-to the. items of
unfunded debt.” The total of bills payable, Ac., amounts to $9,852,325; and is offset by cash on hand, $1,609,660, company’s own stock
and bonds owned, $2,011,319, fuel and materials on hand, $2,768,437,
balances due from agents and from other roads, $2,620,165; totaE*
•

J“

$9,009,582.

;-

rhe items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bunds of railroad companies
amount at their par value to $53,211,271.
*

73

BONDS,

SATONCKD

EAILOAD

1Oc8tob3er.,]



74

RAILROAD

Subscribers will confer

a

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

notes

see

Miles
Date
of
of
Road. Bonds

Union Pacific—(Continned)—
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds
Collateral trust bonds of 1882. gold
Kans. Pac.,eoiis. M..,g.(for $30,000,000),ep.or rg.
do
1st M.. g, ep., on 140m. west Mo. Riv.
1st mort., gold, 1-lOt-h to 393d mile...
do
do
2d M.(to U.S.Gov.) on 39 tm.W.Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 aes
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles
United X. J. RR. if Canal Companies—Stock
Gold bonds
General mortg., gold and currency, coup
United Co.’s mortgage, sinking fund, registered..
do
sterling loan mortgage, sinking fund
do
do
do
do
do
do
dollar loan, mortgage
do
gold loan, reg

....

-

18729.

'

....

i i6
253
394
245
34
427
429
....

....

_

_

_

30

Utah Southern, 1st mortgage, coupon
do
general mortgage (for $1,950,000)
Utah South. Extern, 1st M., Juab to Frisco
Utah <f Xcvada—Stock
Utah & Xorthern. —1st mortgage

75
105
138
37
415

Utah if Pleasant Valley—1st
Utica ef Black River— Stock

62
180
87
36
16

mortgage, gold

Mortgage bonds
Black River A Morristown, 1st mortgage

Clayton At Theresa, 1st mortgage, guaranteed

Utica Chenango if Susquehanna Valley— Stock
Utica Clinton d: Binghamton—1st mortgage

Total net proceeds for the year
Deduct interest paid on consol, bonds
I .eaves net

£200

$1,838,000
4,918,000

1865

1.000
1,000
1.000

1866

1,000

5,000.060
15,040,005
2.240,000
4,063,000
6,303,000
6,323,000

18(>.)-7

....

1869
1866
1866

1.000

1,000
50 Ac,
100

....

1883
1871
1871
1871
1871
1871

1,000
1,000
....

....

"

4,225,000

U'3

1,000,000
1,000.000
1,456,000
1,950,000
5;>5,S60
5,5 13,000

9 g.
7
7
7*

1,000

....

100
500 Ac.

:

$010,083
321,800
114,105

$1,038,405

May. lS71,tothe

000 years, at a rental of 10 per cent on lin¬
stock, besides interest on bonds. The smaller leased roads were
taken
with their several contracts. The Ri-lvidere Delaware
was leased to (he
Pennsylvania Railroad March 7. 187(5, and since
1,1877. has
been operated as the Relvidere Division of United January
New Jersey Railroad
system. The net earnings are paid over to the lessors in l
ul], as rental.
The lease has not been profitable in cash
receipts to the Pennsylvania
Railroad, and tlie net loss iu 18/0 was $030,880. and in lsso
$1,035,308. and $302,86 l in 1881; but the connection with New York
was in¬
dispensable. Operations and earnings l'or live years past (including the
Years.

Miles.

follows:

Passenger
373

373

Mileage.
139.245,113
116,01 1.158

Freight (ton)
Mileage.
255,027.0! >5

$8,308,53 1

$2,805,502

0.78 t.8 13
1 1.5 f 1,68 1.

3,283,981

.0

3.329.473
•1.211.5-0

1<

1880

171.055,377

332,298.077
3S1.SS5. tOO

1881

197.366,074:

480.005.308

429 227,038,300
—(V. 36, p. 170.)

521.860,010

Cross

Earnings.

13.022.864
1,23.1, 158

1

Net

Div.

Earnings, p. <-t.

4,062.363

10

10
10

Utah Central— Dec. 31. 1882. owned from
Ogden. Utah, to Frisco, 280
This was a consolidation July 1, lS^l, •>! t lie Utah
Central. Utah
Southern and Utah Southern Extension. Stock is
$1.2.5.000. In l^sg
gross receipts $1,531, J86; net, $807,010.
For eight months of 18*3
.gross earnings were $753,105; net $381,156;

miles.




1,772,000
1,112,000

500 Ac.

’<>(>-’72

against $1,01 l.OoO

gross

7
7

900,000

....

....

6

100

United Xcw .Terse)/ RR. if Canal
Companies.—Lines of road. New York
to Philadelphia and branches, 125 miles; ('almien to
Amboy and branches,
225 miles; Trenton to Manunka Chunk and
branches, 80 miles; total
operated, 430 miles. Delaware & Raritan ('anal, 66 miles. The United
New Jersey Railroad A (’anal Companies were-leased in

Pennsylvania Railroad for

100,000

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

$1,340,770
258,275

proceeds

806,000
5,000,000

1,000
100

1871
1874

7
7'
2b
4
« g.
6
0 g6 g.
6
6 g.
6
6

841.000

....

1878
1879

(> xr
6
6 g.

154,000

....

.

8 g.
6
6
6 g.
6 g.

67,000

....

1870
1871
187!)
1879

-

882,100
21,090,400
1,824,000
5,669,000
2,000,000

....

1878

Rate per
Cent.

1,840,000
1,800.000

....

hand Jan. 1, 1883, were 0.120,000 acres U. P. lands and
5,336,000 acres K. P. lands. U. P. land contracts and cash, $1,017,401.
Of the Union Pacific collateral trust bonds, the first-issue was limited to
80 per cent of the following bonds: Omaha A Republican
Valley liK.,
$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000.
The collateral trust
bonds are a d’reet obligation of the Union Pacific
Company,and havens
their security the lirst mortgage bonds of the roads named
pledged with
the trustees. The excess of interest collected on
hypothecated bondssay $22,000 per year—forms a sinking fund to reduce the principal.
The $5,000,000 collateral trust bonds of 1882 are secured
by the follow¬
ing bonds: Colorado Central HR. $2,356,000; Utah & Northern RR.
$2,353,000; Omaha & Rep. Valley RR. $410,000; Utah Southern RR.
extension $075,000; Denver South Park A Pacific RR.
$1,544,000;
Kansas Central RR. $1,162,000; total $8,800,000.
The Kansas Pacific extended from Kansas City, Mo., to Denver.
Col.,
630 miles, with Leavenworth Rraneh, Lawrence to
Leavenworth, 34
miles. It was organized as “ Leavenworth PawneeA Western” in
1861;
then changed to “Union Pacific, Eastern Division,” June
6, 1863, and to
**
Kansas Pacific” on March 3, I860. The Pacific Railroad acts of
1862
and 1864 applied to this road, and gave it a
subsidy .of $6,303,000 and a
land grant- of about 6,000,000 acres. The lands
mortgaged were put in
two trusts, 2,000,000 acres in the. first, from t he first to the 380th mile
westward, covered by the; lirst and second land mortgages,
and
3,000,000 acres in the second grant, from the 380th mile westward, are
covered by the Denver Division mortgage. The
outstanding bonds of
Kansas Pacific above are given less the amounts of each class
held by
the. trustees of the general mortgage. The second land
grant mortgage,
with various other bonds, was taken up with the
general consolidated
mortgage of May 1, 1870, which covers road and lauds; the trustees of
that mortgage are Jay Could ami Russell 8agc, and
they held in trust on
Jan. 1* 1883, the following bonds or the Kansas
Pacific, making $ 1 <>.31,686 in all, viz.: Lcavenwortn Rraneh, $533,000; first land grant.
$1,430,250; second land grant, 1 .-100,000; income (unsubordinuicd)
bonds. $187,650; income (subordinated) bonds,
$3,205,300; Denver
Pacific bonds, $2,017,000.
They also held $1,875,800 of the stocks
and $3.15(5,000 of the bonds of other
companies-controlled by the
Union Pacific.
The Denver Pacific—Denver to Cheyenne, 10(5 miles—was
built under
the charter of the Union Paeilie, E. I). (Kansas
Pacific), and opened
January 1, 1871. 4 lie Denver A Roulder Valley was opened under a 00
year lease from 1873. The company made default, ami a receiver was
appointed April 4, 1878. The stock of $1,000,000 woit into t his consoli¬
dation January 1880. and the bonds are retired with
the consolidated
mortgage of the Kansas Pacific.
(V. 34. p. 11(5, 178, 280, 201, 202,
317, 376, 435, 461, 625, 655: V. 35. p. 71, 133, 1.82. 205,-266. 267.
201,
308, 313, 360, 431,45(5, 487, 51(5. 578, (557. 708; V. 3(5, p.
170, 106, 212.
200, 282, 366, 454, 561, 652 ; V. 37, p. 10, 65, 68. 1*9 191, 236.
268,
313.)

were as

vu,

INTEREST OR DIVIDENDS.

Outstanding

on

canal)

BON

Amount

$1,000

1371
1879
1882
187!)

98
31

or

Par
Value.

280

.—

The land department reports the followin'!: for 1832
Net proceeds, Union Pacific land grant 1882
Net proceeds Kansas Pacific land grant 1882
Net proceeds of other lands, lots and income, 1882

Size,

1854
1862
1868

do
consol, mort. (sink’g fund after 1880)
N. J. RR. & T. Co., 3d loan due State of N. J-.
Utah Central—Stock
1st mortgage, gold

The lands

AND

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

DESCRIPTION.
For

STOCKS

2

7
7
7
3

500,000
200,000
4,000.000
790.000

0 A 7

j Ponds—YrincV
**

When

Where Payable, and by
Payable
Whom.
A.
J.
J.
M.
F.
J.

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

A D.

Payable
M. A N.
M. A N.
M. A S.

Q.—J.
F.
M.
A.
M.
M.
F.
M.
J.
M.

A A.
A S.
A O.
A S.
A ft.
A A.

Boston, N. Bugl'd Tr.Co.
N. \195
do
do

Broadway.

do
do
82 by transnortation.
N. Y., Loud. A Frankf’t.
New York, 195 B’way.
N. Y., Bk. of Commerce
Phila. and N. Y. Offices.

Philadelphia Otlicc.
do

do

Phila., Pcnnsylv’a RR.
London.
do

Philadelphia.

A S.
do
A D.
Princeton, N. J.
A N.
Philadelphia Offices.
A. A O. N. Y., B’k of
Commerce.
N. Y., 195
Q-J.
Broadway.
J. A J.
do
do
J. A J.
do
do
J, A J.
do
do
J. A J.
do
do

J.
M.
M.
J.
J.

A J. New York. 195 Br’dwav.
A X.
New York Olliee.
A S.
Utica;
A J. N.Y'., Nat.Bk.of Com’ce.
A J.
do
do
J. A J.
do
do
M. A N. N. Y., I). L. A W. RR.
I. A J. N. Y., Cont. Nat. Bank.
,

l/uOj

Dividend.

London, L. A S. Fr. Bk.
N. Y., Union Trust Co.

uun

Stocks—Last

April, 1896

July 1, 1903
Dec.

1, 1907

May 1, 1919
Aug. 1. 1895

June 1,

189G
1895 to ’97

May 1, 1899
Jan

1, 1896

July 1. 1916
Oct. 10, 1883
Feb.
Mch.
Oct.
Mch.
Mch.
Feb.

1,

1923

1, 1901
1, 1894
1, 1894
1, 1894
1, 1888
Sept, 1, 1908
1
1889
U 1889
Overdue.

Jan

Nov.

(?)
Jan.

July

1,
1,

1890
1891
1909

July 1,
July 1, 1909

July 1, 1908
1904

Sept., 1883
July, 1891
Jan.

1, 1894

July 1, 1S98
Nov. 1. 1883
1886 A 1890

and $501,843 net, in 1882.
Sidney Dillon, President. tV. 33, p. 687;
V. 34, p. 500 ; V. 35, p. 162, 220; V.
36, p. 358.)
Utah if: Xcvada —Dec. 31, 1882, owned from
Salt Lake City, U. T., to
Terminus U. T., 37 miles. The Utah Western
made
1,
1878, and the road was held by trustees l'or the
bondholders, and was
foreclosed Nov. 3, 1880, and this company
organized. (V. 32, p. 356.)
Utah tf; Xorthcrn.—Completed from Ogden.
Utah, north into Montana
Territory to Deer Lodge, near the line of Northern Pacific near Helena,
Mon., 462 miles. Stock $5,543,000.
The roml is built and
mainly
owned by the Union Pacific as a feeder to that line.
For the year 1881,
gross earnings, $1,359,583; net,
$602,619; in 1882. gross, $2,210,688;

default*January

net, $905,308.

(V. 35, p. 431.)
Utah if Pleasant Talley—lAno. of road
Provo, Utah, to Pleasant Val¬
ley. Utah, 60 miles. Road opened in 1879. Ronds sold in New
York in
1880. Road sold in foreclosure June 12,
1882, to Denver & Rio Grande
West. RR.. which extended it to Salt Lake
City, 50 miles. (V. 31, p. 688.)
Utica if Blade River— Sept. 30, 1882. owned from

Utica,
Philadelphia, N. Y., 87 miles; leased lines to Morristown,
Ogdenslmrg, to Saekett’s Harbor and to-Clayton, 93 miles in
operated, 180 miles. The company has paid its rentals and
dividends for

30, 1882,

a

was as

number of

years.

follows, condensed:

The general account,

Liabilities.
Stock
Ronds

Sundry accounts

$1,772,000
1,112,000
55,820
423,624

Surplus fund
Total

$3,363,444

Income Account:
Net income, all sources
Interest
Rentals

moderate

September

Assets.
Road and equipment...
Sundry accounts
Les’d lines, stks.bds, Ac,
Cash

Total.

$2,983,005
3,122
258.415

118,902

$3,363,444
$81,340

,

N. Y., to
N. Y., to
all; total

$316,344

73,057

Dividend, 5 per cent
88,600— 242.907
Balance, surplus
$103,346
Add surplus. Sept. 30, 1881
320,277
Surplus, Sept. 30, 1882
$423,624
The surplus is chiefly
represented by advances to h-ased lines. The
Ogdcnsburg extension is doing well, and promises to be a good invest¬
ment.
Operations and earnings for three years past were as follows:
Passenger Freight (ton*
<iross
Net
Div.
Years.
Miles
Mileage.
Mileage
Earnings. Earnings, p. ct.
1870-80..
ISO
5,836.000
9.201.7$590,760
$315,771
4
isso-st.
180
7.377.1 99,
.

12.9is.37
093,170
246,780
4
1ssi-82.
iso
8.599,023
15.22 1,870
00,403
323,011
5
(V. 32. ]*. 205 ; V. 34, p. 113; V. 35, p. 7 62.)
Plica Chcnanyo if Snsipichaana 1
'alley.—Sept..30. 1882, owned from
Utica, N. Y.. to Green, N. \.,7<> miles; branch to Richfield
Springs, 22
miles; t ot a i, ‘98 miles. Road opened (Jet o! »er, 1872.
Leased to Del a war©
Lackawanna A; Western at 6 per cent on stock.
Has'no bonded debt
(Jmss earnings, 1S79-S0,
$.5 14,616; net earnings, $2(51,S73; dividend
payments, $210,000.
(itoss earnings, 1880-81,
$721,882; net, *317,478; dividends. $240,000.
..

..

Utica Clinton if Bhiyhamlon.—.Sept. 30,
1882, Owned from Utica, N.Y.,
to Smith’s Valley, N. V., 31 miles.
Opened June 22, 1872, and leased to
New York & Oswego Midland Railroad. The

lease was transferred to
the Delaware A Hudson Canal Co., which
pays the rental of $75,000 per
annum.
The road was operated by the Ref. Lack.
A West. till April 1,
1 S''*3.
Gross earniiigs in 1880-81,
$123,409; net, $58,003; gross iu
1881-82. $114,169; net, $69,035.
Capital stock, $636,285.
Isaac
Maynard. President, Utica. N. Y. (V'. 36, p. 366.)
Uliea IHioca <f ElmiVc.—Sept. 30, 1882, owned from
Elmira. N. Y,, to
Cori laud. X. Y.. 71 miles;
leased, Elmira to Horsehemls, 5 miles; total
operated, /6 miles. This company was organized
May 11, 1878, as
successor .of the
U. T. A E. RR Co., which was
foreclosed April 30,
1*78. Stock is $2,000,000. Gross
earnings 1880-81,

$142,989; net,
$20.90s; gross, 1881-82, $160,200; net, $5,323. Geo. Jas.
Rice, Presi¬
dent, Horsehemls, X. Y.
Valley (X. V.) Railroad.—Sept. 30, 1882, owned from
Binghamton,
N. Y., to State line of Pennsylvania. 12 miles.
Opened October, 1 871.
Leased to Dela ware Lackawanna A;.
Western. In 1880-81. gross, $330,
-8.11; net, $187,741. Dividends paid, $60,000.
Rental in 1881-82,
$63.'. 58. Samuel Sloan, President. New York
City. (V. 32, p. 92.)
Va’ley (Ohio).—Dec. 31, 1882, owned from Cleveland, O.. to

Wheeling
Junction. <>., 76 miles, and 9Je miles of small branches.
The temporary
debt-and ear trust amount to $663,5 11. Earnings in
1881. $275,673;
net. $116,798.
in 18s2. gross,
$367,737; net, $176,491.
Stock,
$1,012,302. (V. 31, p. 605; V. 3.*, p. 707.)
Valley (T5(9— Sepr. 30, 1882. owned from Harrisonburg to Staunton
Va.. 26 miles,, in operation, and being extended to
Lexington, 36 miles
further.
Operated by Baltimore A Ohio. Earnings, 1831-82.
$56,772;
net. $13,412.
Of the Dr niorf. for
$1,000,000,
there were
deliv¬
er'd to the R. A- O. $206,000. and the balance
remain unissued.
(V. 32,
p. 687 ; V. 33, p. 178, 562; V. 34, p. 577; V. 35,
p. 603.)

RAILROAD

October, 1883.
Subscribers will confer

a

DESCRIPTION.
For

explanation of column headings,
on first page of tables.

Miles
Date
of
of
Ac., see notes
Road. Bonds.
1880

Valley (X. Y.)-Stock
1st mortgage.
Valley (Ohio)—1st mortgage
Consol, mortgage
Valley (Va.)—1st mortgage

.

26

24
140
140

2d mortgage
3d mortgage, income (not cumulative)

140

Virginia Midland — Stock
Bonds, 1st series

81

Value.
$

series
series
series..
series

do
Income bonds, cumulative
.

^
Virginia d Tracker—1st MJpav’ble $100,000
St. do a is d Paeilic.—Stock
Preferred ' stock, 7 percent, (not

54

a vear)

cumulative)

3,518

General m ortgage, gold (for $50,000,000)
Collateral trust bonds (for $10,000,000)
1st moir. bonus on Champaign Ilav. A West
do
1st pref., convertible
1st mort. bonds on Chicago A Strawn
'.
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort., gold, Indianapolis Division

All.

...

13 i
131
262
270
112
87

Indianapolis Peru A Cine.. 1st mortgage

75

1883
1880
1881

150,000
1,000,000

1,000
1,000

1.000,000
1,000.000

....

3 88 L

1881

1881

1,920,01-0
6,000,000
599,058
1,898,895
1,062,5 15

18S1

921,820

1881
18S 1
3 882

1,773,828

ioo

1871

*

1.000
1,000
100
100

1880
1883

113
75

1.000
1.000

1 «S0

1,000

1879

100 Ac.

1880

1,000
1,000

1881
1881
1881

188 1
1853

1.000

6

3 to 6
7
6
6

.

D.
S.

o.

o.
J.
N.
A. A o.
A. A o.
M. A N.

5 A 6

3-4-5
f>

1,310,000

4 A 5

3,503,000

6
10

M.
M.
M.
M.
M.

July

do
do
Best., Safe Dep: A Tr.Co
New York, Block A Co.
do
do
do
do

May

7
5
5 g.
0 g.
6 g.
7

2,000,000
275,000
300,000
2,300,000
900,000

i

6 g.

7

S

s.

....

.

....

1 *2
6 g.
6
6

.

do
do
J. X.Y.Cent Tr or Alex’d’a
Q.— F. San Fran., Bank of Cat.
A

M. A
y. A

Oct.

April
May
June

1,
8,
1,
1,
1,
1,
1,
1,

1921
1883
1885

1903
1910
1921
192 L
1921

.

Baltimore.

8.
S.

A

1906
1921

Boston, Fitchburg RR.

do
do
do

1, 1911
1883

Aug. 1, 1911
Oct.
Oct.

s..

A

Stocks—Last
Dividend.

Now York.
Balt, and New York.
Boston. Office.

S

A
A

j Hands—Princi*
pal,When Due.

Jan.

N. Y.,I). L. AW.
do
do

.

3,857,000
1,853,000

1,000

Whom.

A J.

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

5
5

700,000
27,109,200
23.034,200
16,000,000
(?)
1,210.000
340,900
4,500,000

1,000
1,000
1,000

[Where Payable, and by
r

4

800.000

When

Payable;
J.

5
7
6
6
3

-

206,000
3,050,000

1,000
100

74
75

1st inert-., gold, Iowa Division
Wabash, 1st mort. (Toledo A Illinois)

i

600,000

3.518

common

5

750,000

1881

1881

Rate pei
Cent.

$600,000
400,000
1,600,000

1881
1881

series.’

'

Outstanding

...

354

Wabash

Amount

1881
1879

1872

Valley of''71—1st mortgage
Vicksburg d Meridian—1st mortgage

Vermont

or
Par

59

Vermont

do

BONDS.

INTEREST OR DIVIDENDS.

Size,

12

Vermont d Massachusetts—Stock
Convertible bonds
Bonds of 1883 (guaranteed by Fitchburg RR.)...

2d
3d
4th
5th
6th

AND

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

IJticaIthaca & Elmira—1st mortgage, gold

do
do
do

STOCKS

Mar. 1, K06
Mar. 1, 1911
Mar. 1, 1916
Mar. 1, 1921
Mar. 1, 1926
Mar. L 1931
Jan. 1. 1927

Aug. 1, 1889

....

N. Y., Co.’s Agency.
Q,- F.
J. A i>
do
do
do
M. A N.1
do
J. A D. N. Y.. Met. Natl. Bank.
do
J. A J.
do
J. A J.
N. Y., Co.’s Agency.
do
J. A J.
do
do
do
J. A J.
I. A 1).
do
do
J. A I). N. Y.. Melrop. Nat. Bk.
J. A J.
do
do
do
M. A S.
do
do
F. A A.
do

Nov. 15, 1881
June 1, 1920
1913

Dec., 1910
July 1, 1909
July 1, 1910
Oct.

1,

1931

July 1, 1921
Jan.

1,

June

Mar.

1921

1, 1921

1897
1, 1921

Aug. 3,

1890

Massachusetts.—IAug of road, Fitchburg to Greenfield,
Virginia d Trvckce.—Reno, Nev., to Virginia, Nev., 52 miles; branch
Mass., 56 miles: branch, 3 miles. The road is leased to the Fitchburg : line. Silver Junction to Silver City. 2 miles; total, 54 miles. Road
i
KK. for 999 years at 0 per cent.
(V. 36, p. 212, 652.)
opened November, 1869. The bonds are payable $100,000 per year.
I Gross earnings in 1881 were $914,271; net, $394,564, against $449,Vermont Valley of ’71.—March 31, 1883, owned from Hollows Falls to
{ 746 in 1880; dividend payments, $240,000. The per cent paid is not
Brattleboro, Vt., 21 miles, and by purchase of stock the Sullivan County stated, and while the nominal stock is $6,000,009 the reports say that
RR. from Bellows Falls to Windsor, Vt.. 26 miles; total, 50 miles. Con¬
amount of paid-up capital is not known in consequence of the detrolled by Connecticut River RR. The Sullivan County RR. stock is j the
struct ion of tin*, hooks by lire several years ago.
D. O. Mills, President
deposited as collateral security for the above mort. bonds. Net revenue
d

1

•

ending March 31, 1883, was $159,882. Dividends
the stock of $1,000,000, and in June, 1883, 3 per cent

Wabash St. Louis d Pacific.—(See Itlap Page 51.)—.A consolidation
of the Wabash Railway with the St. L. Kans. C. A North., Nov. 1, 1879.
Miles of road operated, Dec. 31, 1882:
Fast of the Miss. River—Toledo
to E. St. Louis, 436 miles; Decatur to Camp Point, 129; Camp Point to

Vicksburg d Meridian.—1 Aug of road—Vicksburg to Meridian. Miss.
The company was unable to earn full interest, and reorganization was
made in 1881 with bonds as follows: $1,100,000 of first mortgage 6
per cent, forty years, gold bonds; $l,100,000of second mortgage bonds,
with interest at 3 percent for two years, 4 per cent for two years, 5 per
cent for one year and 6 per cent, for thirty-five years; $1,920,000 of
third mortgage income bonds, with interest at 7 percent, if earned ; and
preferred stock, $1,937,189; common stock, $3,957,100. Is mainly
owned and coiitioiled by the Alabama New Orleans Texas A Pacific
Junction Co.
Gross earnings for vear ending March 31, 1883, were
$495,851; net, $141,321. (V. 34, p. 205; V. 35, p. 20; V. 37, p. 69.

Quincy, 22; Bluffs to Hannibal, 48; Maysville to Pittsfield, 6; Clayton
to Elva-ston, 35; Edwardsville to Edwardsviile Crossing, 10: Detroit to
Logansport, 214; Michigan City to Indianapolis, 161; Attica to Cov¬
ington, 15; West Lebanon to Leroy. 76; P. A D. Junction to St. Franeisville, 109; Vincennes to Cairo, 158 ; Bates to Grafton, 71; Champaign
to Sidney, 12; llollis to Jacksonville, 75; Springfield to Havana, 47;
Streator to Altamont, 157; Shumway to Fllinglnim, 8; Strawn to Chicago,
100; Urbana to Havana. 102; White Heath to Decatur, 30 ; State Line
to Keokuk; 222; Hamilton to Warsaw, 5; La Harpe to Burlington, 20;
total cast of the Mississippi, 2,267 miles. West of the Mississippi—St.
Louis to Kansas City,277 miles; St. Louis Levee to Ferguson Junction,
10; Ccntralia to Columbia, 22; Glasgow to Salisbury, 16; Moberly to
Ottumwa, 131 ; Brunswick to Council Bluffs, 221 ; Rose berry toClarinda,
21; N. Lexington to St. Joseph, 77; West Quincy to Trenton. 136; Keo¬
kuk to Humeston, 131; Relay to Alhia, 24; Dos Moines to Fonda, 115;
Albia to Dos Moines, 67; total west of the Mississippi, 1,252 miles.
Grand trial east and west, 3,51 8 miles.
In April, 18-64, the Wabash St. Louis A Pacific was leased for 99 years
to the St. Louis A Iron Mountain (and thus to the Missouri Pacific), on
the general basis of paying over to the Wabash its net earnings each
year. The St. Louis A L Mt. also guarantees the collateral trust bonds.
The annual report for 1882 was published in the Chronicle, V. 36, p.
338, and the following is an extract: “ The net result of the year was
a deficit of $583,022 below the amount required for interest, rentals
and charges of every kind, which, with the deficit of 1981, makes a
total deficit in profit and loss account of $2,035,880. The main report
is by Mr. A. L. Hopkins, Viee-President/tind he gives a plain, intelligent
and candid statement of the affairs of the company.
He says: * Tho
net earnings show an inorcaso**f $1,512,092 over those of the year 1881,
with an increase of 622 miles in the average length of road operated.
Notwithstanding this gain in the profits of our lines, the interest charges
and rentals have increased in a larger ratio, and the consequenceof this
disproportion is a less satisfactory statement than we had anticipated.
At the date of our last annual report, Dee. 31, 1881, the total length of
road operated was 3,348 miles, while at the close of 1882 it was 3,518
miles, an increase of L70 miles during the year. In point of fact this
additional mileage, consisting mainly of the St. Louis Jerseyville A
Springfield, the lies .Moines A St. Louis, and the extension north of Des
Moines, Iowa, was not operated until late in the year, and the lines
referred to can hardly be said, even now, to be fairly under way. Tho
operations of the road have therefore been, practically, upon the 3,348

of

are

both roads year

paid

on

cclared.

Virginia Midland.—December, 1882, owned from Alexandria to
Gordonsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. A; Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased, Orange C. II. to Charlottesville, 28
miles; Pittsville to Rocky Ml., 30 miles: total leased, 58 miles. Total
owned and leased, 405 miles, of which 51 miles, Strasburg Junction
to Harrisonburg, is leased to the Baltimore A Ohio, leaving 354 miles
operated.
The, Washington City Virginia Midland A Great Southern
was a consolidation (Nov., 1872) of the Orange Alexandria A Man¬
assas and Lynching A Danville railroads.
The Orange Alexandria
& Manassas was a consolidation (June 1, 1867) of the Orange A Alex¬
andria and the Manassas Gap.
Tin* Washington City Virginia Mid¬
land A Great Southern was put into the hands of a receiver July 1,
1876, interest being in default, and was sold m foreclosure May 13, 1880.
and after litigation sold again Dec. 20, 18S0.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
The Baltimore A Ohio had large claims against the company for
coupons, and
after reorganization that company and the Garretts
sold their large interest, amounting to $3,009,000 in stock, to the Rich¬
mond A Danville Syndicate, the last payment being made in January,
1883.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville A Rapidan Railroad
and the Warrenton Branch ; the second series is a second lien between
Alexandria and Gordonsville, including Warrenton Branch and lease of
Chailottesville A Rapidan RR., and a first lien between Charlottesville
and Lynchburg; tin*, third series is a third lien between Alexandria and

Gordonsville, including Warrenton Branch and lease of Charlottesville
A Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth lien between Alexandria and Gordons¬
ville, including Warrenton Branch and lease of Charlottesville A Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the fifth
aeries is a first lien between Manassas Junction and Ilarrissonburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Ilarrissonburg to the B. A O. RR., and a fifth lien between. Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
A Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
burg; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The $4,000,000 income bonds were issued to retire 1st and 2d preferred

stock, every 10 shares of preferred to be entitled to exchange for 10
Bliares of common and a $1,000 income ,bond. The company issued
additional common stock, making the total $6,000,000.
The annual report for 1882, in Vol. 36, p. 138,.showed the following
Dalance sheet Sept. 30, 1882:
Dr.

Capital stock.*-.

$6,000,000

Mort. and inc. bonds..
Bills payable
Accounts payable.....

11,070,047
217,152
41,009
43,626

Pay-rolls (Septemb’r).
Interest unclaimed

...

Connecting line, Ac..

22,157

150,138

Cr.
Road and property
Bills receivable
Supplies on hand

...

Connecting lines, Ac..
Cash in banks
Cash with agents,
Profit and loss

$17,544,131

Ac.

$17,080,018
19

86,376
2

13,066
3'>,078
56,112

37,251
$17,544,131

Earnings for the

years ending September 30 wero:
Gross earnings. Opcrat’g exo’ses. Net oarn’gs.
Miles.

:.

$1,361,679

$765,714

1,515,746

945,116

$595,982
570,629

—(V. 34, p. 265, 292; V. 35, p. 449, 761; V. 36, p. 138, 140. 332.)




miles stated at the close of 18*1.’ "
“During the year the sum of $3,044,012 lias been expended for new
construction. Embraced in this charge is the sum of $377,827 for the
St. Charles bridge over the Missouri River; $161,500 towards the com¬

pletion of the Humeston A Saenaudoah Road, and $966,209 for car
trust ami other rolling stock obligations. These expenditures were ren¬
dered necessary in order to finish new lines commenced in the previous
vear, but the, requirements of the current year will be comparatively
small. The floating debt of the company is almost entirely the result of
these construction payments, but the. company owns securities, consist¬
ing mainly of bonds and stock, valued at $3,667,696, available for tho
liquidation of the floating debt and future requirements.”
The comparative statistics for three years are as follows:
ROAI) AND

Total miles

EQUIPMENT.
1880.

2.479

operated

1881.*

1882.

3,348

3,518

OPERATIONS AND FISCAL RESULTS.

1980.

Operations—

Rate per passenger per

mile

Freight (tons) moved...
Freight (tons) mileage
Av’ge rate per ton per

mile.

Earnings—
Passenger
Freight
Mail, express, Ac
Total gross earnings —
Total operating exp’ses
Net earnings
Per et. of expens

to earn —

1881.

1882.

4,251.393

97.774,576

3,215,200
137,114,727

166,198,560

2-398 cts.

2*238 ets.

2*373 cts.

4,533,187

5,393,917

5,911,012

1.1)92,763

Passengers carried
Passenger mileage.

1,105,783,399 1,119,774,547 1,247,611,320
0*862 cts.

0 928 cts.

0*951 eta.

$

$

2,344,452

3,067,989

$
3,944,520

9,532,334

10,667,906

551,326

731,894

11,885,220
1,021,943

12,428,112
7,187,349

14,167,789
10,792,943

16,851,689
31,664,752

4,640,763

3,674,846

5,186,937

62-65

69*22

76

RAILROAD

Subscribers will confer

a

STOCKS

AND

great favor by giving immediate notice of any

DESCRIPTION.
For

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

Wabash St. Louis <f- Pad lie—f Continued.)

do
do
do
do
do
do
do
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal A Naples, 1st mortgage
St. L. K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort....
do 1st & 2d M.on St. Char. Bridge,coup.or rg
do 1st a!., Omaha Div., gld,s. f., coup.or
rg
do 1st mort., gold, Clarinda Branch
Toledo Peoria A West., 1st mortgage
do
1st pref. income, conv., int. guar..
do
2d pref. income bonds
......

237

.

Quincy Mo. A Pacific, 1st mort., gold (int. guar.).
Peoria Pekin A Jacksonville, 1st mortgage

Cent rev. Moravia A Alb. Kit., 1st mortgage
Chicago Cincinnati A Louisville, 1st mortgage.;.
Ware Hirer—Stock (guaranteed)

1853

.$1,000

1803
1865
1802
1853
1858
1805
1807
1809
1877
1879
1879
1805
1874
1878
1879
1879
1880
Is 80
1880
1879
1804

1,000

1807

Warren (N.J.)—Stock

1855
1870
1875

2d mortgage, now 1st
1st consol, mortgage
:
Wasatch d- Jordan Valley— Gold bonds
Washington City <£ Pt. Lookout—1st M. bonds .gold
1st mort.. gold (for $2,000,000)
West Jersey—Stock
1st mortgage loan
do
1st
consolidated
Consolidated mortgage

1880.

1.000

1*000

50

1866
1809
1879

1882.

277,245

328,700

4,074,304
$
483,255

3,952,091

5,515,097

.$
1,009.079
3,447,627
037,504

$

987,008

4,302,000
809,105

1,329,918

Total disbursements

3,655,184
6,424,128
deficit., sur.1,019,180 def.2,472,037

6,098,719
def.583,022

GENERAL BALANCE SHEET (CONDENSED) AT CLOSE OF EACH FISCAL YEAR.

Total
Liabilities—
Stock, common

Stock, preferred
Funded debt (see Suf’ment)
Bills payable
Loans

payable
Sundry balances*
Income account

Total liabilities
*

3,110,529
88,200,475
$
21,014,500
20,453,000
42,094,858
330,703
2,082,234
1,019,180

1881.

$
107,058,815
4 35,802
1,212,245
11,578.800
1,452,858

1882.

•$

113,285,929
8,007,097
700,404

3,044,013
2,035,881

122,338,016
$

127,733.924

20,921,500
23,033.200

27,140,500
23,031,200
70.937,85 l

00,201,858
355.406

$

1,500,000

239,057
3,037.000

4,236,622

3,315,313

88,200,475

122,338,646

paid taxes, Ac.

127,733,924

due,

un¬

The trustees of the general mort. for $50,000,000 are the Central Trust
Co. of N.Y. and James Cheney or Indiana. It provides for
taking up all
the old bonds as they mature, or by exchange at any time the holders offer

$33,000,900 for that purpose ; and the bonds so taken
canceled but remain in the hands of the trustees as the prop¬
erty" of the trust.
The mortgage may be foreclosed after six months
default of interest, if a majority in value of all the bondholders so
request the trustees. First mortgage on St. Charles Bridge is for
$1,000,000, and is 0 per cent now, running absolutely till 1908.
reserves

up are not

The amount of funded debt bonds of 1877, due 1907 as above
given,
includes the scrip certificates for coupons funded and
deposited in trust,
which certificates amounted J anuary 1, 1883, to
$1,014,453, and are
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
The old Toledo A Wabash equipment bonds of 1802
($000,000) were
decided in March, 1883. to be a lien against this
company, with interest
since 1874, making about $1,0 0,0 0; but this is
yet in litigation. The
collateral trust bonds of 18^3 ($10,o00.o00) were issued for
floating
debt, Ac., and $4,000,000 reserved to take up car trust certificates as

they mature.

•»

Preferred stock has a prior right to 7 per cent
(noil-cumulative); then
7; then both share in any surplus.
The Toledo Peoria A War.
company* made default Dec., 1873, and was
operated by a Receiver until sold in foreclosure on Jan. 20, 1880. It
was purchased by* a committee of bondholders for
$0,000,000, and re¬
organized as Toledo Peoria A Western. This company made a lease for
the term of its charter to the Wabash St. Louis. A Pacific on
terms as
follows, viz.: That the Wabash Pacific guarantee 7 percent on the
first
$4,500,000
mortgage bonds of the Toledo Peoria A Western.
The $2,900,000 income bonds to be
guaranteed at 4 per cent
and to be convertible at par for Wabash 8L Louis A Pacific
common
• tock.
The $l,ooo,000 second preferred income bonds were also
convert¬
ible into Wabash preferred stock, share for share. The
stock of the
Toledo Peoria A Warsaw was scaled 25
per cent common, 30 per cent
second preferred and 50 per cent first
preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria A Western
stock. The Toledo Peoria A Western stock
($3,000,090) was changable
into Wabash common stock, three shares for one.
(V. 35, p. 52. 95. 200.
700 703.704; V. 30, p. 254,
304, 327, 33S, 400. 4^7,445,501,724;
Y. 37, p. 392.)
Ware River.—Palmer, Mass., to
Wincliendon, Mass., 49 miles. It is
leased for 999 .years to the Boston A
Albany Rail road at a rental of 7
per cent per annum. J. A. Rmmill. President, Springfield, Mass.
common to

Wai'rcn, N. J.—Line

or road, New Hampton Junction to Delaware
miles. The road is leased to Delaware Lackawanna
at 7 per cent on stock and bonds. Gross earnings.
1881,

Bridge. N. J., 18 4
& Western

$593.234; net, $345,274; 1882, gross, $1©1,9S5;
net, $255,luL

32, p. 611.)




187-©290

385,000 i

1,204,000 j

1,000,000 I
400,000 I
1,000,000 i
750,000 I

1,800,000 !
750,000
600,000

540,000
1,090,000
1,375,800
1,000,000
1,000,000

!

450,500

Where

Bonds—Princi¬

Payable

Payable, and by

pal,^When Due.
Stocks Last
Dividend.

Whom.

(V.

,

.

Y., Met. Nat. Bank.
Y.,Nat Bkof Com Tee
Y., Met. Nat. Bank.
Y., N. Bk. of 1 om’rce.
Y., Met. Nat. Bank,
do
do

Aug. 1, 1890
Aug., 1888
Nov. 1,

do
do

Y.,Nat. Bk. of Com’ce.
do
do
do
do
do
do
do
do
do

do
do
do
do
do
dc
do
do
do

Aug., 1889
Feb.

1, 1907

April 1, 1909
1909
Jily 1, 1895
Sept. 1, 1895
June 1,

1903-1908

April 1, 1919
Aug. 1, 1919
Oct. 1, 1917

.Y., Metropolit’u N.Bk
do

1890

Aug. 1, 1912
May 1. 1893
May 1, 1893May 1, 1893
Feb., 1907

do

N.Y.jMetropolit’n N.Bk
N.

Y., Imp. A Trad. B’k
N.A., Metropolit’n N.Bk
N.Y., Farmers’ L.AT.Co
Boston, Bost.A Alb. Rli.
N.Y., Del., L. A W. RR.

Oct. 1, 1909
July 1, 1894

Jan.,

i$87

July 1, 1©83

Oct., 1883
do
April 1, 1909
do
March 1, 1905
N. Y., Kountze Bros.
Baltimore, Balt.A O.RR.
1903
Nov. 1, 1900
Phila., Pa.RR.Co. Office Sept, 15,1883
do
do
Jan., 1896
do
do
Oct.. 1899
do
do
Nov., 1909
do
do

Wasatch <£■ Jordan Valley.—Brigham
City, U. T., to Alta City*, U. T.,
44 miles.
In 1878 the Brigham Canon A Camp
Floyd was merged
in this, and it is stated that there are
mortgages prior to the above.
For three y*ears, 1876-7-8, the
average net earnings were $131,186
per annum.
Stock is $1,100,000. .Lately bought by* Denver A Rio
Grande Western. C. M. Scofield, President, N. Y. City.
(V. 35, p. 104.)

Washington City <£ Point Lookout.—Hy*attsville, Md., to Shepherd,
Md., 13 miles, and to be extended. This road was opened in 1873. It is
leased to the Baltimore A Ohio for $36,000 gold
per annum. Tho
stock paid in is $1,000,000. Same officers as Baltimore A Ohio Railroad
TTcsf Jersey.—Dec. 31,1882, main line and branches—Camden to
Cape
May*, Bridgeton, Riddleton and Sea Isle, 117 miles; leased lines, 35
miles; West Jersey A Atlantic RR., 34 miles ; total, 180 miles onerated.
Gross earnings for eight mouths of 1883, $871,988, net, $371,534
;
against $778,902 gross and $305,097 net in 1882. The annual
report for
1882 was published in the Chronicle, V.
36, p. 534. Income account
for two years is as follows:

1881.
.

Receipts—
Net earnings..
Other receipts.

.

1882.

$988,525

$1,109,410

427,572

454,667

3.074

.

Disbursements-

Rentalspaid

.

1.

Rate of dividend.

$430,046

$454,067

$33:034

$33,034

175,720
54,390

177,118
57,775
82,807

4 p.c.

0 p. 0.

53,034

$350,734

114,402
103,933
V. 30, p. 170, 313, 534.)
TTcs£ Jersey <£• Atlantic.—Newfield, N. J.. to Atlantic
City, N. J., 34
miles. Opened June 17, 1880, and operated
by West Jersey Railroad
on a joint traffic
agreement and 25 per cent of gross receipts on West
Jersey from traffic of this road to be applied to any deficit in interest
and then as sinking fund for bonds
purchasable at i05. or drawn if
over that.
In 1882 net earnings were $57,403. Stock is
$552,200.
.

—(V. 35, p. 52, 71, 339

Includes audited vouchers, interest accrued, interest not

them, aud

4,500,000 1
1,190,000 1

500Ac.1
500 Ac.
500 Ac. I

33,001

280,119
873,875

204,000

884,000

Total income
Disbursements—
Rentals paid
Interest on debt
Taxes, rent of cars, Ac
Dividends

83,923,952

!

1,388,500
2,350,000

500 Ac.
100
100*

1873
1880

1881.

1880.

6,000,000
3,000,000

500 Ac.

$
5,180,937

j\. ssets

2,700.000 1
2,938,453
1,000,000
500,000 :

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

$

2,057,300
514,509

2,010.000

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

3,674,846

Income account

When

F. A A.
7
7
F. A A.
7
M. A N.
0
jF. A A.
7
M. A N.
7
IM. A N.
7
! M. A N.
7
! Q.-F.
7
I F. A A.
0 A
|F. A A.
7
V. A O.
7
J. A D.
7
;j. A J.
7
M. A S.
A 7
i A. A O.
7
A. A O.
0
F. A A.
7
Q.-J.
4
J. A J.
7
0 g- J. A
7
J. A
0
J. A
7
J. A
J. A
3ie
A. A O
3i2
A. A O
7
7
M. A S
7
M. A N
6
J. A D
6
3
M. A S.
6
J. A J.
7
A. A O.
6
M. A N.

500,000
300,000 :
1,000,000 i
1,500,000
2,500,000

500 Ac

$

RR., b’ldings, equipm’t, Ac.
Securities A prop’ty on hand
Materials, fuel, Ac
Construction, Ac., for year..

K,l*e
1>cr
Cent.

$2,500,000
2,490,000

1,000
1,000
1,000

4,640,703

or

<

Outstanding

500 Ac.
250 Ac.
100 Ac.

Net earnings
Other receipts

Balance, surplus

Amount'

1,000

INCOME ACCOUNT.

Receipts—

discovered In these Tables.

error

—

1st mort. (Great Western of 1859)
1st mort. (Quincy A: Toledo)
1st mort. (Ill A So. Iowa) extended
2d mortgage (Toledo A Wabash)
2d mortgage (Wabash A Western)
2d mortgage (Great West, of 1850)
Consol. M., (on all but Dec. A E St.L.)..
1st mort., (Decatur A E. St. Louis)
Funded debt bds (see.by dep’sit of coups.)

do

[Vol. XXXVII.

INTEREST OR DIVIDENDS

Date I Size, or
of •!
Par
Bonds Value.

see notes

Wabasli, 1st inert. (Lake Erie, Wab. A St. L.)
do

BONDS.

;

Western Alabama.--Line of road—Selma to
Opelika, Ala., 116 miles;
branches, Opelika to West Point, 22 miles; total, 138 miles, of which 50
miles is leased to lamisville A Nashville for
$52,000 per annum. Was a
consolidation in 1870 of Montgomery A West Point aud Western of Ala¬
bama. Sold May 10, 1875, in foreclosure and
purchased jointly by* the
Georgia Railroad and Central Railroad of Georgia. The old stock and
income bonds were wiped out in tlie
foreclosure, and the property is
represented by the bonded debt and $846,000 due each of the above com¬
panies. There are also $32,000 second mortgage 8s of Montgomery A
West Point RR. due May 1, 1888. The
gloss and 'net earnings have
been as

follows:

Gross

Miles.

1870-77

107
107

107
150

544,107
579,492
079,740

117

092,911

88

—(V- 30, p. 332.)

Earnings.
$107,597

442,539 ‘

Expenses and
Taxes.

$307,072
307,454
395,498
402,7o7
370,757
290,302

-Net

Earnings
$100,524
176,652
183,994
276.949
310.154

152,237

Western it Atlantic.—Atlanta, Ga., to Chattanooga,
Tenn., 138 miles.
Built byr State of Georgia and opened in 1850, and
by an act of October
2 1, 1870, was leased to a
company for twenty; years at a monthly rental
of $25,000. In 18S L
gross earnings were estimated at $1,500,000, and

$000,000; rental, $300,000; Mil-plus, $3o0,000
317; V. 35, p. 133, 291.)

net.

p.

(V. 32, 184; V. 34,

Western Maryland.—Line of road—Baltimore to
Williamsport, Md., 96
miles;
Emmitshurg Branch. 7 miles; Edgemont to Shippensburg, Pa., 34 miles; total, 131 miles. The capital stock is $082,050.
The company was largely* assisted
by* the city* of Baltimore, and
was unable to
pay* all its interest.
A compromise was made with
the preferred second mortgage bondholders for
funding coupons.
The Baltimore A Hanover RR. was
completed to its connection with
this road in 1880. The Western
Maryland operations for five year3
have been as follows, but in 1878-79 the construction
account was
closed and all expenses
charged to operating expenses, on which basis
uct earnings have since been
relatively decreased.
Passe nger
Freight
Gross
Net
Viles.
Mile;age.
Mileage.
Earnings. Earnings..
1877-78.
93
7,411 ,001
5,180,982
$317,202 $129,927
8,502, .3s,8
5,409.519
73,095
317,4 12
.-93
10,705 ,925
0,0 15.328
88.278
397.504
1839-sl.
ILL
12.277 ,,.92
7.278.431
401.871
85.952
1 2<
Isa 1-82.
13.401 ,848
9,172,27 2
540,148
175,057
Y. 35, p. 457.
.

KAILROAD

October, 1883. J
a

Miles

explanation
of column headings, Ac*.,
*
on

tirst page

of tables.

see notes

of
Road.

West Jersey d Atlantic—1 st mortgage

34
44
100
138
00
00
00

Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga. and Ga. Rll. AB.Co.
Western d Atlantic (Ga)—Income bonds
Western Mar gland—1st mort., endorsed Balt. City..
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Bali imore
4th
do
endorsed by Baltimore
Funded coupons

180-2

..

*

1 873

00

1 .*07

90
00
00

1808
1870
1872
1SS0
%

IS')
O

Pittsburg Branch

/

28

Wilmington Columbia d Augusta—Stock

;
!

....

05

;

....

....

227

1st mortgage

.

Wilmington d Northern—Stock
Wilmington d Weldon—Stock

.

.

,

....

Sinking fund bonds, gold

1st series
2d series, income
Worcester d Nashua—Stock
Bonds, mortgage

320
320

Rochester—Stock
do
1st m., guar, (lor

1881
1803
1805

:

200,000
400,000

j

....

;

....

}

3,100,000

1

j

....

!

1,000

1

....

....

187*3
....

i—i GO h- rt*

j
j

j

221,400

....

100
100 Ac.
500 Ac

&
A
A
A

J.

A D

J.

M.

3,800,000 ;
5,700,000 ;
1.780.800 :
275,000

J.

'J.
J.

N.
S
J.

D.

A.
F.
A.
A.

1.305.800

500 Ac.

700,000

Gross

Years.
18/ 7-78
1878-70
1870-80

A J.
A N. ;
A jJ
A J.
A J

Various

250,000
400,000

1000Ac!
....

M.
M.
J.
J.

jM. AN.!

03(5,000
100,000

....

Western Pennsylcania.—The road runs from Blairsville to Alleghany
City, l’a., 03F> miles; branch to Butler, Pa., 21 miles; total, S4K> milesCompleted in 1.8(55 and branch in 1870. A new lease to tlie Pennsyl¬
vania Railroad lor 30 years was made in 1883. The Pennsylvania Rail¬
road, lessee, owns $003,050 stock out of the total amount of $1,022,450,
$288,000 of branch bonds, and all of $1,200,000 general mortgage
bonds* In 1881 net earnings were $100,051; in 1882, $210,965. (v\35,
p. 303; V. 36, p. 611.)

(5

1,278,050

2,082,400

•

180-2

do

Slocks—Last
Dividend.

Sept. 1, 1910
Oct. 1.
Get.

1888
1, 1800
70 to ’91

A
A

do

1800

May 1, 1800
Jan. 1, 1011
1803
Jan. 1, 1806
Oet. 1, 1001

Philadelphia, Penn. RR. April 1,
do
do

2,280,000
0(50,000

....

1

A J.
A O.

1,000,000

i’oo 1
....

do

do

800,000
1,200.000
1,300.000
2,550,000

Phila., Fidelity I. T. Co.
N. Y., Nat. City Rank.

Bonds—Princi¬
pal,When Due.

Q-J.
Atlanta, Co.’s Olliee.
Oet.
jj. A J. Balt., N. Mechanics’ B’k; Jan. 1, 1800
!J. A j.
do
do
Jan. 1, 1890
|J. A J.
do
do
Jan., 1895
iJ. A J.
Hagerstown, Md.
Jan., 1805
J. & ,1. Balt., N. Mechanics’ B’k
Jan., 1805
J. A J.
do
do
Jan., 1000
J. A J.
do
do
Jan., 1002

1,(500.000

....

....

1875

j

|

1,000,000 !
544,02(5
850,000 j

'When Where Pay abb ' and by
Whom.
! Payable
M. & S.
A. A O.
A. A O.

875,000 ;

....

1870
1882

Cent.

300,000 j
300,000 ;
(500,000 !

i.ooo

....

....

$700,000)

50*,000

500 Ac.
100 Ac.)

1870
1870
1870 :

04

48
48

1.000

....

1

Bonds, mortgage
0i

(500,000 !
1,158,000 1

-.

....

....

320

$500,000 !

500 Ac.
500 Ac.

1880

.

Wisconsin Central—Consol, mort., land grant, pref.

.

|

1,000

500 Ac.
500 Ac.

.

70
180

Sterling bonds

j

Rate per!

$1,000

1858
100 Ac*.
1858 1 500 Ac.
1807
500 Ac.

130

General mortgage
White Water—Stock ($325,000 of it prof.)
Wheeling d Lake Erie.—1st M., gold ($15,000 p. m.)
2d mortgage

Nashua
do

77

INTEREST OR DIVIDENDS.

Date
Size, or
Amount
of
! Par
Outstaiulini
Bonds j Value.
1880
1808
1870

....

Wesiern North Carolina—1st mortgage
Consol mortgage
1st mortgage,

RONDS

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

DESCRIPTION.

For

AND

!

Subscribers will confer

STOCKS

N.

do
do

Y., C. K. Garrison.

Rail imore.
N. Y. and Raltimore.

London.
N.Y.,Rost.,Lend.,Frank
Bostox.

Worcester, Olliee.
do

O.jBost., Globe Nat. Bank.
do
do

A.;

A O.j
Worcester, Olliee.
A O. Bost., Globe Nat. Bank.

Net

1, 1909
1012

July 10, 1883
June, 1010

July

ib, i.883

1886
1806
5 p. et. yearly
1009
1009

do
do

do

Nov.

Gross

July 2, 1883
May 1, 1887
April 1, 1803
Feb.
Oet.

1, 1805
1, 1883

April 1, 1894
Net

Earnings. Earnings. Years.
E a r n i n gs.
Ea firings.
$488,448
$17(5,277
$750,010
$303,833
505,978
175,093
783,700
200,472
603,175
221.(508
—(V. 33, p. 685 ; V. 35, p. 65 7.)
U7.sron.vm Central.—Dee. 31, 1882, owned main line and brandies
Stevens Point to Menasha, 05 miles; do. to Ashland, 180
miles; do. to
Portage City. 70 miles; branches, 7 miles; total owned, 327 miles. Leased
from Neenali to Schloisingerville. 05 miles; operated under
contract,
Milwaukee to Sclileisingerville, 32 miles. Total
operated, including
feeders, 440 miles. The lease of Mil. A North, was surrendered Aug., 1882.
In Jail., 1870, the Wis. Cent. Road was taken
possession of by the trustees
for bondholders, who still operate it.
There is a land-grant of over
800,000

acres.

The plan of reorganization lias been
practically accomplished. This
embraced the issue of a new consol, mort. to cover $400,000 5
p. c.

pref.
bonds; $3,800,000 tirst scries bonds, bearing 2 p. e. for three vears from
July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
TT7u7e Water.—Valley Junction, O., to Cambridge City, Ind., 65 miles.
three
years, and 7 percent thereafter.
Interest on the second series is
This was formerly the White Water Valley, sold in foreclosure May 2,
Gross earnings in 1882-83, payable J. and J., but dependent each time on the net earnings of the
1878, and reorganized under this title.
half year ending six months before. The stock of $11,500,000
remains,
$104,234; delieit, $5,070. Elijah Smith, President, Boston, Mass.
$2,000,000 of it preferred and $0,500,000 common, and is all deposited
in
trust with Stewart and Abbot, Trustees, to be voted on until all interest
Wheeling d: Lake Eric—Road under construction—Wheeling. W. Va.,
is being earned and paid on new bonds, and in the judgment of the trus¬
to Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
miles. In May, 1883, 1(58 miles in operation. Bonds ottered in New tees is likely to continue so to be. Trustees’certificates for new stock
York, July, 1880 by N. Y. New England A Western Investment Co. (without voting power) have been issued to the old stockholders, which
Stock, $4,500,000. *(V. 34, p. 52; V. 35, p. 23, 71, 103, 162; V. 36, p. pass as a delivery on sales. In March, 1882, the Trustees and company
leased for 00 years the Milwaukee A Winnebago Railroad, from Neenali
500.)
to Sclileisingerville, which was completed in December, 1882 ; the rental
Wilmington Columbia d Augusta.—Sept. 30, 1882, owned from Wil¬ is 37per cent of gross earnings up to $175,000
per year, all surplus to
mington,'N. C.,°to Columbia, S. C., 180 miles. Leased jointly. Lane, go equally to lessor and lessee, and the bonds are
issued subject to this
S. C., to Sumter, S. C., 38 miles. Total operated, 227 miles.
In 1880-81 lease. For four
years past the earnings, Ac*., were:
there was expended $42,000 out of earnings for locomotives. Paid 3
Gross
Passenger
Net
Freight (ton)
per cent dividends for 1880 and 1881.
Vears
Miles.
Mileage.
Mileage.
Earnings.
Earnings.
Road was sold in foreclosure, October, 1870, for $800,500, and re¬
1870
455
6,385,310
30,020,070
$851,000
$103,000
The scheme of reorganization (which was 1880
organization is in progress.
400
8,740,700
41,550,720
1,140,352
205,748
carried out) provided that a new corporation should be created, with a 1881
401
10,460,444
47,700,777
1,305,007
272,108
capital stock of $900,000 and $1,600,000 in thirty-year tirst mortgage 1882
440
11,427,237*
14,437,219
1,388,4 00
252,468
bonds. The bolder of $2,000 of the old oonds, together with tlie certiti-j
-(V.: 15, p. 23, 208, 313, 374, 405, 578, 707, 73 7 ; V. 30, p. 070; V. 37,
cates for funded interest, received a $1,000 bond of the new company, J
p. 23(1i, 34 4.)
and in addition six shares of stock. The plan adopted provided only for ;
Worcester it Nashua.—Sept. 30,1882, owned from Worcester to Nashua,
the first mortgage bondholders, and cut oil’ income bonds, $000,000; 40
miles; leased, Nashua A Rochester, 48 miles; total operated,
certificates of debt, $330,000; floating debt, $870,022, and the capital 9 4 miles. Paid
regular dividends of 10 per cent for some years
stock of the old company, $300,000. Earnings have been:
before 1874-5. In 1875-0 the leased line charges (Nashua A Rochester, 48
Years.
Gross Earn’gs.
Net Earn’gs. miles) tirst appear in the accounts, and the Worcester A Nashua paid
only 5K> per cent dividends in that year. The rental charge
1870-80
$547,4 40
$145,423 plainly too heavy, an agreement was made in 1870 to reducebeing
tho
3 35,017 interest on bonds to 5
040,050
per cent, and the. dividends on Nashua
002,028
130,502 A Rochester stock to 3 per cent pen annum. The interest on Worcester
A Nashua bonds was also reduced to 5 per cent, and surplus earnings in
—(V. 33, p. 6S6; V. 35, p. 65 7.)
any year above requirements for interest and 3 per cent on each stock
Wilmington it Northern.—T)qc. 31, 1882, owned from Wilmington are to be apportioned between the stock of each company according to
Del., to Reading, Pa., 72 miles; branches, 7 miles; total owned 70 miles the relative number of shares. In addition to above there are $37,000
5 per cent W. A N. bonds.
Has bonds amounting to $122,700. Earnings in 1881 $325,012 ;net,
e >
Five
years’
ears’ operations were
as f<
were as
follows:
Passenger
Gross
Net
$00,704. In 1882, gross, $330,002 ; net, $75,064. (V. 30, p. 501.)
Freight
Years.
Miles.
Earnings.
Mileage.
Mileage.
Earnings.
5,703,701
9,901,740
Wilmington <t Weldon— Road extends from Wilmington to Weldon, 1877;-8.... 94
$173,240
$108,351
N.C., 103 miles; blanch to Tarboro, 17 miles; total, 180 miles. Was leased 1878--9.... 04
473,081
0,108,871
12,123,444
105,405
94
0,784,900
November, 1872, to Wilmington Columbia A Augusta Railroad for 00 1870 -80
14,005,020
553,502
107,033
94
7,222,000
10,153,002
588,770
years. The lessees made default December, 1877, and the lease was sur- 1880 -81
155,106
rendered April 13, 1878. For three years, 1870-81, 3 pci* cent yearly 1881- -82... 94
7,407,524
10,000,008
040,102
105,174
dividends were paid. The earnings and expenses for live years have been: -(V. 33, p.,580; \ r. 30, p. 139.)




'S41

.

....

.

.

....

. ....

.

....

..

..

4i!

CANAL

78
Subscribers will confer

DESCRIPTION.

Ac.,

Miles

Date

Size, or

of

of

Par

see notes

Canal. Bonds

1879

.

14
1 *4
1 84:

339

2,078,038

Extended, 1877..

....

103
103
103
103

New mortgage (for $1,000,000)
Boat loan
Preferred stock scrip dividend

Pennsi/lvan iu—Stock

337
337
105

General mortg., interest gnar’d by Penn. RR
common

Preferred stock
1st mortgage, extended
2d mortgage

Mortgage bonds, coup, (payable by P. A It.)

100

1.000

3,38,>,<)00

1,000

5,519.000
4,829,000
5,0(10,000
12,1 nl ,950

....

1876
J *05
1869

1*870

1,000
50
50

....

....

....

....

....

....

loan
loan

.

.

.

.

....

xsquehanna—Maryland loan, 2d mortgage

....

common bonds.3d niort
prof, bonds, 1st niort
prof., 1st T. W. priority b’ds.

....

bonds of 1872, 4th mort

-

"Union—1st mortgage

1870
1863
18(54.
1839
1859
’4 l-’(54
’41-’64
1872

85

$
1,4

/ /

4 1,025
!) 1.108

Miscellaneous profits
Coal on hand (Dee. 31)
Railroad earnings in IVnn.
Profit on leased lines
Interest on investments...
Balance
Total
Disbursements—
Coal on hand Jan. 1

11)

595,663

42.810
1)3,516
727.283
561,948

326,635

312,243

535.26 1

$
673,651
3.0< 13,893

(511,951

1,7(51,195
Interest...
1,231,119
Tuxes and miscellaneous.
350,910
Loss on leased railroads...
31(5,059

1,000

250,000

3,000,000

....

Balance
Total

7,985,118
GENERAL BALANCE

A ssets—

$
Canal, Ac
6,339.210
Railroad and equipment... 6,220,669
Real estate
8,795,657
Mines and fixtures
2,699,590

Coal-yard, barges, Ac

301,858

219,497

2,102, 101

EACH

FISCAL YEAH.

1**1.

$
6,339,210
6,11 1,75!)
8,*4 6,31 6

•$
6,339.21 0

2.713.957

156,258
9.027,801
2.729.31 1
(>.

7 16,791

090.397

3,597.074

3,597,074
300,000

1.022.93S
1,074, *08
3,597.074

09.410

608,894

300,000
16,140
200,773
315,075
400,015

013,181

615,514

........

727.283

4,291,706
69,4 LO
902,130

1.83S.201

70*3,547 f(>,801,251

1,022,938

878,000
3,140,11 0

60,007
1*7,363
492.924
812.4 55
*,4 65

720,4*7

300,000
Meehan. A Ft. Edward RR
Solicit. A Meehan. RR
Coal on hand Dec. 31
535,264
Advances to leased lines..
36.*,773
Advances on coal royalties
605,326
Miscellaneous assets
4,480,701

.$

805,914:

1,022,293

Cherry Val. A Sharon RR.

Telegraph and Car Co
Supplies on hand

58,400
243.537
315.075

18*0.

Albany A Susquehanna...
New York A Canada RR..

8,993,540

8,948,327 11

AT CLOSE OF

1*79.

Lack. A Susquehanna- RR.

$
9,328,763

8,9 1.*.327 11 ,0*3.;j47 10,894.251
*
^
s
535,26 L
727,28 t
3 15.075
3.171,3(59 3,985,304 4.122,2 13
755.331
59(5,827
798,701
1.5(58,245 1,737,97!) 1,080,15)2
1,3-13,973 1,374,784 1,312,083
300,578
400,401
407,750
14.0 12
1,351.429

18*2.

$
6.339.210
6.5*1.070
9,044.17*
2.751.236
6*3,1 *5
1,022.938
1.008.7*7

3,597,074
300.000
4*. 296
210.922

492,924
637.605

625,073
2,985,34!) *3,058,429
09,410
09,410
1,148,322

1,408.44!)

Cash and bills receivable...
3,785,656 3,884,0*8 2,609,203
1,208.720
Profit and loss
Total assets
Mo,981,301 41,041,011 40,902,4*4 41,087,980
Liabilities—
,8
£
$
$
Stock
20,000.000 20,000,000 20,000,000 20,000,000
Bonds
19,837,000 1!),837.000 18,843,000 18,7(53.000
Miscellaneous accounts... 1,144,301
1,003,827
823,053
83(5,899
Protit and loss
200.78(5
1,23(5.431
1,488,087
Total liabilities

lj)ll,(514 40,1 >02,484 41,087,98(5
include the following: Jefferson RR.
bonds (85), $85,000; Albany A Susquehanna consols (1.701). $1.701,000;
*

These miscellaneous

..40,981,301 4
assets

sundry bonds $04,538; 8.540 shares Albany A Susquehanna, $854,000;
8.241 shares Rensselaer A Sainfoin, ^S-’Ll 00: sundrv stocks, $129.791.
—(V. 31, p. 17(5, 262 ; V. 35, p. M ; V. 3(5. p. 139, 193. 42(5, 535; V. 37,

23.)
Lehigh

p.

.

Coal d Xavigation.— The Central Railroad of New Jersey
(in purchase ot equipment) $2.310,00(6of the gold loan due
1897 anil leases the Lehigh A Susquehanna Railroad. The Lehiirli A
Bsumes




1,32-4,000
227,500
97,810

1882.

-

1,000,000

500
500

18*1.

630,6 13

7,9*5.1 18

Mining coal
Coal transportation, Ac...
Canal freight and exps

*
$
7,210,524

4,501.200
2,984.000

1,709,3*0

1,600

INCOME ACCOUNT.

t)*

780,000
220,000
103,164

1,000

receipts and payments.

Receipts—

1,175.000

628.100

Delaware Division.—Leased to Lehigh Coal & Navigation Co. at interest
on bonds and 1 per cent a year on stock.
In 18*2 $958,400 was con¬
verted into Lehigh Coal & Nav. stock, leaving $074,950 unconverted.
—(V.3G, p. liW.) '
Delaware d- Hudson.—This company, which isamongthe largest miners
and carriers of coal, leases the Alb. A-Susq. and Rensselaer A Saratoga
railroads. Also endorses bonds of N. Y. it Canada UR. The stock is
to‘be increased to $30,0u0,000 to pay olf bonds maturing in 1,884 and
1891. To shareholders of May. 24, 1883, there was allotted 35,000
shares to bo paid for at par. The annual report for 1882 was given in
V. 30,1». 193.Comparative statistics for four years :

Pales of coat
Canal tolls

1,025,000

228,000
756,650

Chesapeake—Securities placed on Ncav York Stock
Prest., Marshall Parks, Norfolk, Ya.
Chesapeake d Delaware—Delaware City to Chesapeake City, Mil.
Chesapeake d Ohio.—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report

18*0.

2.4 70.750
04 3.000
24 3,451

1,000

Albermarlc d-

1879.

4.653,000

3,990,390
1,200.000

1,000

Exchange list February, 1880.

at stated times its

5,3*1.840
2,000.000

3,2*2,550

....

Improvement bonds

771.000

6 15.900

1,000
1,000

6
5
6
2
6

4,375.000
1 ,(>99,500

1,000

18(5!)
18(54
1*67
1*67
1871
1872

6

2,000,000

18(59
1871
1874
1877

-

7
....

1,993,750

1858

1,000
1000Ac.
50
500 Ac,
Var.
Var.
5(JO Ac,
1,000
1,000
various.
100
100
1.000
various.
various.
50

Rate per
Cent.

3,851,503

674,950
800,000
20,000,000

.

....

Preferred stock

do
do
do

50

500 Ac.
500 Ac.
50

.

....

Morris—Stock, consolidated

Susquehanna'Canal,

$1,500,000
500,000

Vario’s
25
500 Ac.

....

1*4
(50
60

Lehigh Coal d Aarigalion—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Moil, loan, g. ($2,810,000 assumed by other go’s.)

car

1856

184

148
148
148

car

i ,000

14

Delaware d lDuison — Stock
1st mortgage, registered
do
do
Debenture loan of 1894, coup and reg
1st M., coup. A reg., on Penn. Div. ($10,000,005)

Boat and
Boat and

Outstanding

$

Mortgage bonds T
Chesapeake d Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake d- Ohio— Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Delaware Division—Stock, (Conv.into L.C.AN.stek.)
1st mortgage (extended 20 years in 1878)

thuylkill Navigation—Stock,

[VOL. XXXVII

Bonds—Princi.

INTEREST OR DIVIDENDS.

Amount

Value.

Albermarle d Chesapeake—Stock

Consolidated mortgage loan
Greenwood 2d mortgage, reg.

BONDS,

great favor by giving immediate notice ol any error discovered in tbese Tables.

a

For explanation of column headings,
on lirst page of tables.

STOCKS AND

When

Payable
J.
J.
J.
J.

7
7
7
7
2 >2
6 g.
6

Q-J
Q-J.
A J.
F. A A.
J. A J.
J.

6

0 g.
7
7
.0
2
5
7
7
7 ’

6
35c.
70c.
6
6

6
6
6
7
6
6
6
6
7

J.

A

J.

A. A O.

M. A S.
,T. A D.
M. A 8.

A
A
A
A
A
A

Philadelphia, Otlice.
do
do
do
do

do
do
do
do
do

do
F.
A.
do
<h>
31.
8.
do
do
E.
A. Leh. Val. Ell. Co.. Phila
F.
A.
do
do
A. A O.
<h>
do
A. A O.
do
do
F. A A.
do
ilo

Phila., 233 So. 4th St.
Philadelphia, Otlice,
do

Q. -M.
J.
J.
M.
M.
M.
J.
J.
J.
‘ J.
J.
M.

A
A
A
A
A
A
A
A
A
A
A

J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
N

i909

July, 1886

1870
London.
1890
Balt.. A. Brown A Sons.
1885
Phila., 258 So. 3d st.
Aug. 15, 1883
do
do
July 1. 1898
N. Y., Bk. of Commerce. Sept. 10, 1883
do
do
1884
do
do
1891
New York, Olliee.
1894
do
do
Sept. 1. 1917

1).
D.

fJ. A J.

July 1,

L.iit., A. Brown A Sons

Q-J.
Q-E.
J.
J.

Divider- o7

Whom.

A J. N. Y., Union Trust Co.
A D.
Philadelphia, Otiiee.
A J.
do
do
A J.

1*U ' 0—Mill.
J. A J

-

pal,When Duo
Where Payable, and by Slocks—Laafc

do
do
do
do
do
do
do

do
'
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
..

Philadelphia, Olliee.

Juiie 6, 1883
1894
1884
1897
1897
June 1, 1911
1892
18S3-’84

Aug., 1883
Aug., 1883
April 1, 1906
Oct,, 1*85

Feb., 1889

July, 1910
J line
June

8, 1883
8,1883
March, 1897

1882 to 1907
1895

May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1, 1918
Jail., 1894

Jan., 1894
Jan., 1902

May 1, 1883

Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897
and $771,000 (all) of the convertible gold loan due 1894.
The Board
ot

Managers’ report has the following statement of receipts and dis¬

bursements

:

RECEIPTS.
1880.
1882.
1881.
Railroads and Nesquehoning Tunnel. $1,157,900 $1,429,4(58 $1,445,190
Lehigh Canal
108,666
55,830
55,699
Water Powers Lehigh Canal
19,755
:..
18,947
21,065
Delaware Division Canal
90,176
74,044
47,586
Net protit on Lehigh Coal
185,626
240,742
325,666
6,076
7,573
Royalty on coal mined by lessees
7,209
Revenue from rents
33.728
35,660
31,973
Miscellaneous receipts
7,737
13,316
4,824

Total

$1,609,676 $1,875,592 $1,939,212
DIS U E i,S E M K NTS.

General and legal expenses
Rent and taxes»Nosquelioning Val.HR
Rent and taxes Delaware Div. Canal
Taxes chargeable, to canals
Taxes chargeable to coal A coal lands
Taxes on capital stock
Taxes on landed property A impr’ts.
Interest account

$51,792

$59,101

97,050

97,050

97.050

125.438

120,330

102,356

70,117

74,648

915,039

942,973

2,5(58
42.983
22,725
12,876
932,231

$92,892

$1,287,004 $1.2(51.6(58 $1,279,919
$322,011 $613,924
$659,293
The balance to credit of dividend fund Dee. 31, 1**0, was $194,236;
I)ee. 31. lr si, was $ 171,4 15 ; J >ec. 31, 1 8■'2, was $535,457.
The President's reportfor 1 882 said: “Daring rhe year 'in opportu¬
nity occurred of purchasing a coal property known ns the Kentucky
Rank Lands, sit uated about live miles west of Tumaquu.”
*
“The
*
purchase-covered 884 acres, widen cost $222,0*9 (50. about the amount
Surplus...

which our.sinking fund receives in three, and a half years from a charge
of ten (cuts per ton of coal mined.
Ey the. operation of this eharirc the

valuation of our coal lands, which'stood on 0111*'books Jan. I, 1873, at
$5.871,190 27, being at the rate of $810 per aero'for 7,201 acres, has
been reduced, so t hat, including the Kent and McLean pun base in 1874
of 175 acres, and the Kentucky Bank Lands, and deducting 207 acres
as worked out, which
is a full allowance for the lands exhausted by
mb ingiu the last ten years,we had Jan. 1, 1**3, *,053 acres of equally
valuable land charged at $5,816,05* 22. or $722 per acre.
“In order to secure for the Lehigh A Susquehanna Railroad the coal
tonnage Horn the Lehigh Luzerne Goal Company’s lands, which was
arbour to pass under the control of another railroad company, a loan of
$75,000 was made, secured' by t he transfer of eleven t honsand shares of
stork, being 55 per cent of the total issue. The loan is for three years,:
but 1 he tonnage from these lands is perpetually.bound by contract to
pass to market over our lincs.of railroad.”
*
* * “ During t he. past
year the extended debenture loan of $106,190 76, the convertible de¬
benture loan of $41,550, and the Greenwood'first mortgage loan of
$140,060, amounting in all to $287,740 76, were paid at maturity.
Those payments, and the. purchases and loans above recited, necessi¬
tated some increase of the limiting debt, which, after deducting cash
assets, now amounts to about $1,000,000; against which this company
holds $710,000n)f its consolidated 7 percent bonds, $306,000 Delaware
Division Canal Company’s bonds', and 18,901 shares of its own stock.”
—(V. 34. p. 229,604; V. 3(5, p. 219, (552.)
Morris.—Leased April, 1871, to Lehigh Valley Railroad for 999
years.
The. lessees assume bonds and scrip, and pay 10 per cent per
annum on prof, stock and 4 per cent on consol, stock.
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which
guarantees interest on bonds. An old inert. of" $90,000 is due.in 1887
Earnings in *82, $381,033; net, $127,292; interest, taxes, Ac.,'$205,987
loss, 78,094 ; earnings in 1881, $370,405 ; net, $107,793 ; interest, Ac.,
$185,115.
‘
Schuylkill Xavigation.—J.eased from June 1, 1870. to Philadelphia &
Reading for 999 years. Rental received in 1882, $357,085. In 1880 tho
lessees defaulted on the rental and propositions-made by the Receivers
of the Phila. A Reading RR. to. purchase coupons and dividends on cer¬
tain terms were carried out.
I11 March, 1*83. the proposal from Phila.
A Reading to merge this company by giving one share of Phil. A R.
stock for two of 8. N. preferred and One share of P. A R. for four of S. N
common was rejected.
(V. 34, p. 202'; V. 3(5, p. 19 1. 332.P
Susquehanna’. -Leased and operated by Philadelphia A Reading Rail¬
road lor interest on bonds and half of net earnings. The stock is ex¬
changed for Phila. A Reading, two of canal stock for one of ReadingDee. 31, 1882, the lloating debt was 507.08 1.
(V, 36, p. 561,
Union.— Stock, $2,909,850.
>

MISCELLANEOUS

October, 1883.J
Subscribers will confer

a

STOCKS

AND

BONDS.

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

DESCRIPTION.

explanation of column headings, &c.,
first page

79

notes on

see

of tables.

Date Size, or
of
par
Bonds Value.

Adams Express —Stock
Amer. Tel.d Cable—Stock

($20,000,000) guar. 5
American Coal (Mari/bnid)—Stock

outstanding. Rato per
I Cent.
Pay’ble
When

-

$100 $12,000,000

AVest.U

100

American District Telegraph—Stock
Am erican Express—Stock
Bankers' & Merchants’ Telegraph—Stock
Boston Land—St*>ck
Boston M ater Power—Stock

100
100
10
50

Mortgage bonds (l'or $2,800,000)

1874

1,000

1873
1874

Central Ecu' Jcrscg Land—Stock

£200
1.000

.

Central & South American Tehgraj>h—Stock
Colorado Coal d Iron—Stock. .1
1st consol, mortgage, gold
Consolidation Coal of Mar gland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Could Iron—Stock
International Ocean Telegraph — Stock
Iowa lilt. Land Co.—Stock...
Iron Steamboat Company— Bonds

18*0

3,500,000
10,250,000
270,000
752,000
500,000
3,000,000
4.437.000
500,000

1,000
1,000
100
....

100

500
100
100

Preferred stock

Mortgage bonds.
Maryiuna Coal—Stock
Bonds
Mexican Telegraph—Stock
Mutual Union Telegraph—Stock, guaranteed.
1st mortgage bonds-, gold, guar, by West. Union
New York d Texas Land < Limited)—Stock
Land scrip receivable 75 per cent for lands
Debent tires, registered.
Bew Central Coal—Stock
New York d Stniiisoille Coat d Iron — Stock

i

.

1881-

«>

J.

*J:

X. Y.,

Sept. 10, 1877.

Company’s Office.

July 2, 1883

iSept.

Boston, Office,

s.

12, 1872:
June, 1884

A’j.
A J.

London, Brown S. A Co.
New York or London.

6 g

Jan."" 1," 1904

Jan.

4

10,000.000
5,000.000

1,500,000
3,133,200

....

322,515
5,000.000
1,500,000

....

100
100

J.

j

J.

A

New York.

,1.

Jan. 1, 1886.
j Jan. 1, 1876
j

183

'

/

N.Y., Company's

11*2

i

|

6
10

1

O

1

assumes

total bonded debt

on

Yearly.
May 1, 1911
Sept,, 1883
1900
Jan. 15, 18 81
April. 1880

New York, Office.
New York.

M’ntlily

1906

1883

!

7

!

Nov. 1,

Office.!

New York, 1st Nat. Bk.I
i

pany guarantees also 2d mortg.

vania,’and

St;

Q.—F. | Boston, Treas. Office, j Nov. I, 1883
& J.|N. Y., MercantileTr.Co. July 1, 1901

6

10,000,000 i
5,000,000 1

100
1,000
50

F. A A. N.Y.,Office,47 William

J. A J.
do
do
Jam, 1885
J. A J.
do
<lo
Jan. 1, 1897
A. A O.
New York. Office.
Oct, 15. 1875
J. A J.N. Y., West. Union Tel. July 1, 1*83

!{
i

1.191,000

1904.

N.Y., Co.’s Office,71 B’y! Jan. 27, 1882;

7
6
6

100

1.

Jam, 1875

o

i

10, 188a

Nov.

J.
J.

r*

American Coal.—There are mortgage bonds for $200,000. No annual
report has recently been published. Tlic annual report for 1880 gave
the following information:
Total assets December 31, 1880—Lands and real estate at mines,
$1,542,365; real estate at Jersey City, $100,7.10; mine improvements,
$15,019; cash, $35,114; wharf improvement at Jersey City, $6,315;
personal property at mines, $31,219; personal property at wharves.
$3,607 ; bills receivable, $16,323; accounts, $107,177; canal bouts,
$17,000; value, of coal on hand, $24,712 ; office, furniture, $513; Chesa¬
peake & Ohio Canal bonds. $8,000; C.& I\ Railroad stock. $1,000 ; O. C.
& C. Railroad stock, $160,000; total. $2,069,377. Directors: James A.
Alexander, John I\ Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
jamin Williamson. Richard S. Grant, William J. Boothe, A. J. Akin.
David Stewart. Gardiner 1’. Lloyd. lTesidmit; George Sherman, Secre¬
tary and Treasurer. (V. 32. p. 2S7.)
American District Telegraph.—No information has boon furnished
by
this company. Notice was given of an increase, in stock to $3,000,000.
the par of shares to be. raised to$100. (V. 34, p.
203,230,459,573; V.
35, p. 45o.)

Y., 110 Broadway.

6 g
6 g

161,000

373.)

N.

do

250.000

was partly paid up. and in April, 1882, a
poolin’- arrangement was
made with tlie other cable companies lor 38 years,
by which this com¬
pany receives 22l> per cent of combined revenues wtiile. both its cables
are working and 12U> per cent if only one is
working. Then this com¬
pany’s cable was leased to Western Union for 50 years, with a guaranty
of 5 per emit pm* annum on t linstock, increased to $14,000,000. There is
also a reserved stock of $0,000,000 in trust to be issued if a cable is laid
between Brazil and the United States.
(V. 34, p. 548,662; V. 35 p.

Sept. 1, 18 S3
Sept. 1, 1883

& D

4,400,000

Telegraph d Cable Co.—Owns two cables between Sermon
Cove, England, and Dover Bay, Nova Scotia, The stock of $10,000,000

N. Y., Company’s Office.
N. Y., Wc'St. Union Tel.

,T.

100
1,000

American

Stocks—Last
Dividend.

7

1,000

Adams Express.—No reports; no information.

A

S,

whom.

4,000,000
10,000,000

1,000

Mariposa Land d Mining—Stock

M. A

pal,AVhen Due.

Where Payable, and bv

2,400,000 j 7 scrip

100

1864
1872

i
495,000 j

-

Q—M.
Q-M.

Olo

io

539,000 I

100
1(H)
100

-

6

4,720.815
2,1 18,000
717,875

100

Sterling bonds (sinking land one-iiftli of land sales)
Mortgage bonds, gold, sixes (for $2,500.000)

‘Mn

2,400,000
18,000,000
300,000
800,000

....

Canton Improvement—Stock

2

14,000.000
1,500,000

25

Bon ds—Princi¬

INTEREST OR DIVIDENDS.

Amount

bonds of the Cumberland A Pennsyl¬

$135,000 of the Union Mining Co.’s bonds. The
lands and railroads is $2,522,500. (V. 34, p. 290.)

International Ocean Telegraph Co.—The AVestern Union Co. operates
the line by contract for 99 years from Jan. 1, 1882, paying G per
cent
per year on stock.
Iowa Railroad Land.**-The
total land owned was 65,328 aorea
March 31, 1883.
(V. 35, p. 78 ;Ar. 36, p. 707)
Iron Steamboat Co.—Property consists of seven iron
Bonds and stock listed in June, 1882. Stock, $2,000,000.

steamboats

Mariposa Land d Mining—There are outstanding only 15,000 shares,
being owned by company. Litigation is in progress. (V. 34,

the balance

291.)

p.

Maryland Coal Co.—Sec annual report for 1882 in Chronicle, V. 36,
p.

705.

Mexican Telegraph.—Galveston to Tampico and Vera Cruz; landline,
Vera Cruz to Mexico City.
Has exclusive right for 50 years for all
foreign telegrams to Mexico, except telegrams to and from a neutral
zone on 1 ho. U. S. border156 miles wide, .between the Gulf'and Pacific
Ocean. Jus. A. Scryniser, Brest., N. Y.
(V. 36, p. 140.)
Mutual Union Telegraph.—Organized
Stock was
$600,000 and afterward

under New York State laws.
increased to $10,000,000. In
Feb., 18-3, a lease to Western Union for 99 years was agreed to at l1^
percent vearly dividends on the stock and i n’t crest- on t lie bonds. May
5, Is S3, it was -voted to reduce the stock to $2,500,000 wjitli 6 per cent
pel* annum dividends.
(V. 35, p. 22, 1*9, 393, 516, 545, 576, 637, 658;
V. 36, p. 30, 162, 197, 252, 358, 399, 510, 537.)

Bankers' d Merrhanfs' Telegraph— Organized March 23, 1 881, under
laws of New York State. Authorized capital. $1,000,000.
Route, from
New York Cil.v to Washington, via Philadelphia.
In Sept., 1883, this
company negot iated for I in* cont ro! of J ho stock of t he Southern and the
Am. Rapid Telegraph, making a practical consolidation of tin* three
lines. Win. W.. Alans, 1’res’t. Piiiiadcinkia. (V. 35, o. 706: V. 37, p.

Eew York d Texas Land— This company took the. lands granted to the
International and Houston A Great Northern railroads, about 5.000,000
acres, w hich wrre given in si ttlenient to the, holders of convertible and
second mortgage, bonds.
Upto Opt., 1s*3, it was reported that about
1.500,(400 acres bad been sold (hugely to the Francklyn Syndicate) and
half of the $(>,009,000 land scrip retired, the holders b< ing secured
bv debentures given bv the, purchasers of tin- land and deposited in trust.
This would leave about, 3,500.000.a> res of land unsold.
(V. 36. p. 536.)

Boston Land.—The capital-stock of 80,000 shares of
(Me par'Value
of $10 each, or $si)O,00O. Operations of the company ami assets Jan
1, 1883, shown in tin* annual report-.in Y\ 30, p. 107. (V. 31. p. 175.
V. 30, p. 10 7.

Erie Central Coal
The annual report for 1882 was published
in the Chronicle, V. 36. p. 706, showing net profits of year, $12,425;
and balance to credit Dee. 31, 1882, $274,914. (A . 36, p. 706).

151,167, 266.)

Boston YTater Power.—The share?, have, strictly no par value.. There
are85,833 slum’s railed “ propi u tary” shares, or the number into which
the property of the company is divided. The assets consist
mainly of
lands on and near “Ruck Bay,” in Fusion, put in the
company’s report
at a valuation of $4,128,141.
(V. 3 l. p. -1 SS.t
Canton Improvement.—The annual report for the
year ending May 31,
1882, is in V. 3a, p. 130. A brief history of the- company was in V. 30,
p. 117. The company owned the. stock of the Union RR. ('o. and guar¬
anteed its bonds, but sold this stock ($600,000) to the Northern Central
RR. in April, 1882. for $594,000.
The Union RR. sinking fund of
$689,885 remains the property of Canton Co. (V. 33, p. 99; V. 34, p.
196, 520; V. 35, p. 13 0.)
Central Ecu' Jrrseg Land Improvement.—The statement for two
year
ending December 31. 1881, showed total receipts in ls*0 of $72,666
and in 1881 of $94,2.55. The balance sheet December 31, 1881,
gave
the following values of lands owned: Newark lands, $375,738 ;
Bergen,
Elizabeth,
$575,850 ;
$161,950 *. West field. $26,3< >7; Fa n wood, $ 478,408;
Plainfield, $339,456; Dunelien, $346,148; Somerville, $77,861 ; Clinton,
$4,780; Bloomsbury, $26.3 15 ; l’hillipsburg, $L,0>8; total, $2,416,935.
Bonds and mortgages, $33,890; land contracts, $12,282.
Central d South Am. Telegraph.— lane from Vera Cruz, Mexico, to
Lima, Peru, with branches. 3,160 miles of cable and 300 miiesof land

lines. Completed November, 18so. Connects at Lima with West Coast
Tel. Co. of America, having 1.700 miles of cable to Valparaiso, and at
Vera Cruz witli Mexican Telegraph Co. Stock is $5,000,000, no bonds.
James A. Serymser, Brest., N. Y.

Colorado Coat d Iron— This company, with
headquarters at Colorado
Springs, Col., was a consolidation Dec. 13. 1879, of the Central Colorado
improvement Co., the. Colorado Goal A Steel Works, and the Southern
Colorado Coal A Iron Co. Tin* company is coni rolled
by 'Denver A Rio
Grande Railroad parties. Stock is non-assessable. Gross
receipts in
1882 were $4,111,522; net, $-115,785, not including land sales. A

report was in the Chronicle, V. 36. p. 650. President, YV. ,1. Balmer.
—(V. ol, p. 4 87 ; \ 3>>, p, 4e6; A . .>(>, p. 650..)
Consolidation Cool.—Tin* annual report for ’>2 contained t he following:
Tlie gross receipts from mines, railroad*.
lvnts,
l gs l.
18*2.
Ac*., (iud’g value of st/ek of coal on hand) were. $2,117,794 $i ,714,21 3
Tot. e.\ pen’s of every kind (exei. of int. A, sink, fd.,
but iite'l. Steel rails A ail
extraordin’ry outlay s) 1,982,458
•

.

3,637,601

Net receipts
C£r^ousolutated mortgage bonds

$435,335

_




are

held

to retire

old

bonds.

$76,612
This

com*.

Eew York d. Slraitsrillc Coal d Iron.— I las $300,000 bonds.
admitted to New York Board April, 1880.

The Stock

Eorfhwestern Telegraph.—'This company owns 8,000 miles of wire and
is leased to Western Union for 99 years, with guaranteed dividends of
1 per cent at first, rising one-eighth per cent a year to 6 in 1897 and
afterward. The bond interest is guaranteed.
(V. 33, f>. 358.)

$3,000,000 stock ol
$575,000 stock of the Columbia & Puget
of the Pacific Coast S. S. Co.: 170,090
estate. For eight months of 1883 gross
earnings were $2,5*8,1.22, net $834,321; against $2,019,526 gross and
$6*9,886 net in 1882. (V. 36, p. 253.)
Oregon Improvement Co.—This compary owns

tin- Seattle Coal A Transp. Co.;
Sound RR.; $1,969,000 stock
acres of land, and other real

Pacific Mail

Steamship.—In

Febrt ary, 1880

vm

an

agreement

was

made between this company and the Pacific Railroads, by which the
railroad company gave to the-.steamship company a monthly subsidy
of $110,000.
In November, 1881, it was terminated, and in Feb., 1882,
the amount was made $(>5,000 per month, and six months’notice is
required to terminate the agreement.
On April 30. 1883. the com¬
pany's liabilities were $1,295',*-88, which included $1,013,528 loans due
to Panama RR. Co.
Report for 1882-83 in V. 36. p. 621.
The following is a statement of the earnings and expenses for tlio
years ending April 30. 1881, 18S2 and 1883:

m

EARNINGS.
-

Atlantic Line
Panama Line
Victoria Line
Ti ars-Paciiie. Line
Australian Line.
Austral’n AN. Zea’id subsidies..
(‘cut. Am. A Mexican subsidies.,
British Columbia subsidy....
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
Miscellaneous

Exchange
Total

Expenses
Net

earnings

1880-81.

$745,34 1
1,950,507
80,887
973,472

307,0J3

203,550
99,416
4,222
3,000
12,*97
,

1831-82/

$093,005
1,675,777

1882-83.

$799,767*
1,844,462

1,058,370

715,732

331,870
208,93 L

353,200
173,980

90,163

102,8lO
*

8.0(H)
1 3.663

*5,500
17,941

37,698
3,*76

27,766

4.050
$1,402,647

$1,124,713

3,172,705

3.223,036

$4,102,764
3,190,507

$1,229,912

$901,677

$912,257

18,2e;>

—(A\ 34, p. 178, 625, 635 ; V. 36, p. 621).

61,616

it

MISCELLANEOUS

80
Subscribers will confer

a

“Date
of
Bonds

explanation of column headings, Ac., see notes on tii*st
page of tables.

Telegraph—Stoek
Bonds, interest guaranteed
Oregon Improvement Co.—Slock
1st morf., gold, sinking fund

or
Par

18 aO

1,000

Pennsylvania Coal—Stock

100

1872
1872
1878
1875

Bonds, debenture
April, 1881

..

Pailroad Egulament Co.—Stock (for #1,500,000)

1st mortgage, new, sinking fund.
Tunnel PK. of St. Louis, stock, guar
Southern & Atlantic Teieyraph—Guaranteed stock
Spring Mountain Coal—Stock, guar. 7 per et. by L.

Var’s.

:

100

2.500,000
2,490,000

Wells, Fargo d: Company Express—Stock
1
Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or leg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)

Operat’gexpenses (leased lines inel’d)
Maintenance of upholstery, Ac
Prop’ll of expense's, Ac., other assoc’ns

708,310
175,499
132,000

Rental of leased lines
Coupon interest on bonds
Dividends on capital stock
Prolit and loss

201,000

917,308
207,150
148,427
204,000

970,380

870,937
20,995

1,235,142

2,014,442

2,597,800
1,139,072
128,130

3,039,932
1,053,313

1,011,530

1,053,313

981,054

Balance of surplus for the year
981,054
Paid lLj per cent extra dividend Nov. 1, 1883.

railroads

cor¬

$1,523,300
1,399,779

Surplus for quarter
Add surplus July 1

$1,002,858
1,004,2 40

$123,521
3,058,500

Surplus Sept. 30

$2,007,098

$3,782,087

Miles of
Line.
.

.

/

was

graphing business in the United Slates. In 1879 the American Union
opposition line was started wmb*r tlie auspices of Mr. Jay Could. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 percent to -stockholders of record June 20. Is79.
On Jan. Hi,
1881, was elated the grand consolidation, in which the Western Union

.

1S 09-70

oper¬

made in 1879.




.

1808-09

Western Union Telegraph.—On the practical consolidation with the
Atlantic A Pacific, in 18/S iho Western Union laid a monopoly of tele¬

1892-83.

$17,114,105

$19,4 >4,902

9,990,095

11,794,553

$7,118,070

$7,0 JO,349

$4,79 8,473

$5,199,121

427,091
40,097

4.6,817
40,094

,

.

Rolling Stock Co.—The assets. Dee. 31, 1881, amounted
#1,058,470 in locomotives and ears, ami total including shops, Ac.,
#5,035,190. Tim net income in lsSL was #329,7.1 over ail charges.
Wells, Fargo d Co in puny E.iprcss..—An increase in capital to $0,250,-

eml’g June 30.

patents. Ac.
The balance for sixteen years, from tlie date of the general consoli¬
dation—July J, 1900. showed the nominal surplus do June 30, 1883, of
#20,54 5,381, out of which the stock dividend was declared in 1881 to
tin* amount of $15,520,590, leaving a nominal balance of
$5,010,792.
The following statement shows the mileage of linesaud
wires, number
of offices, and traffic of the
company, for each year from June 30, 1800,
to June 30, 1883,:

Lehigh Valley Railroad.

United Slabs

120,700

-

$2,202,039
1,199,781

Sterling Iron d Railway.—The property of this company, in Orange
County N. Y., (and a few acres in Dockland) consists of 25,000 acres of
Years.
land, with furnaces. Ac., having a capacity of 15,000 tons of pig iron -1805-00
per year, and 8hi miles of railroad, houses, Ac. The company endorses
1800-07
the #471,074 bonds of the Sterling Mountain RR. A. W.
Humphreys, 180 -09
President, 42 Pine Street, N. Y.

to

2£\oOO

$5,205,002
$5,600,035
$1,852,408
$1,994,314
Nominal balance June 1 0
1
$1,979,000
$3
The annual feport for the year ending June 30, 1893, was in the
Chronicle V. 37, p. 397. The general results of operation as given made
a favorable exhibit, but the annual
report is very brief in details, and
docs not state what, the operating expenses were as
distinguished from
the rentals, which are becoming a large amount in the annual disburse¬
No general balance sheet is given, nor
ments.
any statement as in
former reports of the amount of the expenditures for new
construction,

'

mining

$100,700
120,850

,

$1,050,000

Dividends, 1J2 in 1882 Al3i in 1883..

From which there was applied-:
Fur dividends
For interest on bonds
For sinking fund appropriations..

porate charters.
Of the stock #2,490,000 is 1st preferred, which
s guaranteed 5
per cent till January, 1885, and then 0 per cent;
#3,000,000 2d preferred,‘which is guaranteed 3 per cent per annum,
the
first semi-annual payment being July 1, 1381; and
#2,500,000 common. The common stock was hold "by the London Reorgani¬
zation Committee., and under the lease was transferred to Mercantile
Trust Company of N. Y. with power to vote thereon. The Tunnel Rail¬
road stock is guaranteed 0 per cent per annum.
(V. 31, p. 80.)
Spring Mountain Coal Co.—This is guaranteed 7 per cent per year till

0C0

20,000—

taxes)

companies
ten years at the utmost, which cover the. principal and
interest of the special series of bonds issued by the Equipment Co.
running for similar periods. The title remains in the lessor till last
payment is made, and then vests in the purchasing railroad. In the
meantime the title is held intrust lor bondholders and the bonds are.'
virtually a mortgage on the rolling stock, till paid off.
St. Louis Bridge d Tunnel Railroad.—The railroad and tunnel were
sold under the mortgage of 1873, July 1,1878.
Foreclosure under the
first and second mortgages on the bridge was made Dee. 20, 1878.
On July 1, 1831, the bridge and Tunnel Railroad were leased to the Mo.
their

l’, 1900

1883.

,

$100,850

Expenses (including leased line rentals and

over

Sulro Tan nel.—'’runnel on Comstock Lode for facilitating
ations. (V. 30, p. 2 19 ; V. 3 4, p. 452; Y. 30, p. 358.)
United Slates Exjiress.—So reports.

bonds

oil

s

$2,329,489

1881-82.

.

1885 by

M. A N.
M. A N.
M. A S. London, Morton, R.&Co March

Gross revenues of the years

Pacific for the term of

Jan. 1, 1891

New York, Office.
j Aug. 15, 1883
New York and London.1
(0
New York, Oilice.
J July 10, 1883
New Yorir, Olliee.
Oct. 15, 1883
N. Y., Union Trust Co. J July 15, 1902
N. Y., Treasurer’s Otlice July 10, 1900

animal report published'm the Chronicle, V. 37.
p.
397, the following was given for the fiscal year ending June 30, 1882.
The revenues, expenses and protits were as follows:

;

Louis A

6 g.

& J.

Q.-J.

1, 1890

From the

V. 35, p. 298, 319; V. 37, p. 424.)
The preferred stock
is entitled to 7 p. et. per annum, not cumulative, and any surplus goes
to the common and preferred equally.
(V. 32, p. 330; V. 33, p. 178.)

8t.

J.

1883
1884
1928

April 1, 1894

London.

;M. A S.

4

July 1,
July 1,
April 1,
Jan. 1,

Oct.

Q -F.

rr

Various.

New York.

Net income for quarter

Quicksilver Mining— Bonds paid off July, 1879.

Wabash

do

Nov., 1883

J.
1884
o. N.Y., West. Union Tel.
j Oct., 1883
D. N. Y., Company’s Office.' June 11,1883

!

Sinking funds

....

Railroad
Equipment Co.—This company leases equipment to
on the “ Car Trust” plan, taking obligations of the railroad

do

1882.

201,000
171,074

109,043

do

:

Net revenues
Deduct interest

217,034
175,702

191,807
482,100

Ac.

1882

13,110

4,093,215

do

.

005,590
528,250

3,737,538

J.
J.
O.

; ::

7 g.

Mav, 1882

N, Y„ Clark, Post A M.

Feb.

13y

931,170

Oct. 15, 1888
Lond’n, J.S. Morgan A Co April 1, 1885
May, 1882

sition, but disagreement followed until, in Feb., 1883, a lease was agreed
upon. The Western Union also leases the American Cable, with a guar¬
antee of 5 per cent per annum on its $10,000,000 stock, raised to
#14,000,000.
The statement for the quarter ending Sept. 30,1883 (partly estimated),
was as follows, compared with the actual
ligurcs lor same quarter in

2,910,277

339,321

1J4

Nov. 15, 1883
Feb. 15, 1887
Aug. 15, 1892

do
do
do

do
do

Qiiar’ly

i

4

Jan. .1, 1904

Y., Farm L. A T. Co.
tio

Q.-F.
,T.
J.
A.
J.

dnl.v 1, 1883

do

raised its stock to #80.000.000, giving par. or $15,000,000. for the stock
and bonds of the American Union ; 00 pep cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock .distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and after a de¬
cision at first in favor of the Western Union, the stock dividend was
in November, 1882, declared illegal by the General Term of the New
York Superior Court, but was finally held to be legal by tin* N. Y. Court
of Appeals in October, 1883.
In March, 1882. Jay Gould and associates obtained a
majority of the
Mutual Union Telegraph stock of #10,000.000, and so stopped its oppo

Pullman Palace Car.—The stock lias been increased to provide new
as wanted, since the price ruling .above par. gave a bonus to
stockholders when subscribing for new stock. Annuai report for year
ending June, Ish.j, in Chronicle of Get. 27. Income account for three
years was as follows:
1880-81.
1881-82.
18*2-83.
Revenue—
#
#
#

Earnings (leased lines included)
2,355,207 2,815,986
481,573
Proportion of earnings other assoc’ns.
582,231

*1

7,000,000
5,000,000
0,250,000
80,000,000
1,373,000
3,920,000

'

capital,

2,995,190

i

1872 i
l.ooo
1875 j
1,000 '
1875
£100Ac'

424.)

145,547
13,109

000,000

ioo

-Pennsylvania Coal.—Liabilities at a minimum, and 10 p. c. divs. paid.
Poslal Telegraph Co.—Lines to extend from New York to Chicago, New
York to Washington, New York to Boston, Buffalo to Pittsburg," Fostoria, Ohio, to Toledo, and Chicago to St. Louis, some of which are already
in operat ion, and otlmrs to hr completed by Jan. 1. Of the stock #7,000,000 is outstanding. #12,000,000 is held in trust, and balance remains in
treasury. Mr. J. \V. Mackey is the President.* (V. 37, p. 175, 235, 321,

7
0

N.

j

i

418,000

Y.,West. Un. Tel. Co.

Q-fQ.-F.

(

Stocks—Last
Dividend.

Whom.

N.Y., Farmers’L. AT.Co ! Dec. 1, 1910
Sept., 1808
N. Y., Ill Broadway.
May 1, 1883

A. A O.
A. A O.

i.>

Payable, and b\

iScpt. 15, 1883

....
Q.-F.

A
A
1Q
7 g.
A
3 '
A
•A. a
J. A
31*2

495,575
18,920,000

Too
100

"•’>

2,300,000

1,000

1879

.

*

1.500,000
w

j
j

0

1,250,000
948,000

’

25
50
50
500 Ac.

United States Express—Stock
United States Rolling Slock—Stock

Bonds—Priuci

pal,When Due

do

'

2j2

3,000,000
5.000,000

10

Mortgage bonds (for.#2,000,000)

#<>

4,102,000

'

IS so
1870

4,291.300
900.000

1,000

V

5,708,700

3 i-j
8
8
7
7 g.
4 0<\

49.500

100
1870

<L

3,209,000
415,000
955,000

J. N.

Q.-F.

3.000.000

1,000

:

Plain income bonds
Siitro Tun nel—St< >ck

Pacific and

1

4

820,000

100

Sterling Iron d Railway.—Stock
Mortgage bonds, income, series “B”

running not

3,

-

£100
100
100
100

Preferred 7 percent stock, not cumulative

Coupon bonds. (See remarks below.)
St. Louis Bridge d• Tunnel HR.—Bridge stock, common
1st preferred stock, guar
2d preferred stock, guar

3

1,000
1,000
1,000

Quicksilver Mining—('ommon stock

20, 02, 115, 147

1
0 g.

.5,000,000

A

A J.
M. A 8.
J. A D.

7 g.

7,OO0.o0O

Bonds, 3d series
Bonds, 4th series
Bonds, sterling debenture, convertible till

J.
J.

2

4,9 10,000
20.000,000

100
50

Total disbursements
Net result
Balance of account for rebuilding,

[VOL. XXXVII

Rate per; When
Where
Cent.
Payable

#2,500,000
1,180,000
5,000,000

Too

Postal Telegraph Co.—Stock (#21,060,000)
1st mortgage (for #10,000,000)
Pullman Palace Car—Stock..:

p.

Outstanding

Value.

Pacific 21 ail Steamship—Stock

—(V. 34,

Amount

#50

Total revenue
Disbursements—

BONDS.

INTEREST OR DIVIDENDS.

Size,

KurlliU'eslern

Patent royalties and mauuf. profits...
Prolitand loss

AND

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

DESCRIPTION.
For

STOCKS

.

37,380
40,270
50,183
52,099
51,109
50,032
02,033
05,757

1870-71
1871-72
1872-73
1873-74
71,585
1874-75
72,833
18 / 5-70
73,532
1 870-77
70,955
1877-78
81,002
1878-79
82JH7
1879-80
85,045
1 880-9 1 .110,340
) 881-82
131,060
1 882-93 .1 44.294
.

.

.

.

.

.

.

.

.

.

.

-

'

Miles of No. of
Wire. Offices

75,080
85,291
97,59 1
104,584
112,191
121,151
137,190
3 54.472

175,735

2,250
2,505
3,219
3,007
3,972

4,000
5,237
5.710
0.188
0,505

No. of Mes¬

32.500.000
38,8 12,217

1 2,782.80 t
1 1,393,543

$
2,024,919
2,041,710
2,748,801
2,227,905
2,532,001
2,790,232
2,757,902
2,500,920
3,229,157
3,399,509
3,140,127
3,551,5 42
4.800,110
5,833,937
5.908,279

17,11 1,105

7.118,070

40,581,177

19,151,903

0,508,925
7,004,500
7,310,918
7,138,737
7,037,448
8,457,095
9,333,018
9,202,053
9,504,574
10,031,983

3 0,010,077

12,4 44,199
1 1,150,832

9.077

29.215,509

327,171 10,737
374.30.8 1 2.008

432,720 1 2,917

200.202
211.500
233.53 1

Receipts.

$

7,072
7,500
8,014
8,531

191,323

Receipts.

5,879,282
0,401.595
7,931,933
9,157,040

10,329,250
17,153,710
18,729,507
21,158,941
23,91 8,894
25,070,100

179,490
183.832

Net

sages Sent.

(V. 35. p. 189,310, 339. 399 ,421, 427, 5 10.559

9,812.352
9.801,355
10.900,010

.

7,000,350
; V. 30,
170, 397.)

099. 737. 704

BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS

Oot., 1883.]

BANK
Capital.

Companies.

JVIkd. tlms(')
Pai
are not Natl.

STOCK

LIST.

INSURANCE

Surplus
1

Amount.

Dividends.

J

at latest
dates.t

I

$
Am. Exch.

jissi j 1882 .!

Period.

Companies.

Latest.

Bowery.. ..
Broad way
Butcli’s’&Di
Central
- -

j

•

Net

Capital.
Par.

.

!

Chase

Chatham....
Chemical...

03208811

$

100 3,000,00C 1,6 / 0,700 J. & J
7
8
’July,’83. 5
100 5,000,00(JH, 605,900 M. & N.
7
7
i May, ’83.
100
250,000 j 243,400 J. & J. 10
10
July,’83. 5
25 1,000,000 1,390,800 J. & J.
16
18
July. ’83.10
25
300,000
7
310,300 J. <fc J. !
8
July,’83. 4
*100 2,000,000 i
500,800 J. & J.
10
8
July, ’83. 4
100
300,000 ! 2l8,*0U J. cfe J. 1
,8 iJuly,’83. 4
8
25 ! 450,000
6
259.700 J. & J.
9
:.Iuly, ’83. 5
100
300,000 3.847.100 Bi-m’ly. 100
100
Sept.,’83.15
25 !
000,000 i 232,000 J. (fc J.
7
7
!July,’83. 312
100 1,000,000 1.850.100 M. cfe N.
15
10
!May, ’83.10
100 5,000,000 3,090,700 J. cfe J.
8
8
!July,’83. 4
100 1,000,000 j
J.
cfe
J.
7
9
241,700
!July,’83. 3*2
100 1,000,000 1,018,200 F. & A.
10
10
|Aug.,’83. 5'
25
250,000 j 125,600 J. cfe J.
7
7 ]July,’83. 4
25
47,000 J. cfe J
100,000 1
iJuly,’83. 4
100
150,000
131,800 J. cfe J.
g"
6** ;July,’83. 3
100
100.000
397-000
100
500,000 3‘,3 38,400
"To" "To" Oct.,' ’83.10"
100 3,200,000 1,334,500 J. & J.
8
7Lj
!July,’83. 4
30
000,000
7
338,000 M. cfe N.
May, ’83. 3*2
50 1,000,000
864,000 A. 0t O.
5
Oct., ’83. 5
50
200,000
34.000 J. <fc J.
75
750,000
6 " "’g"
16,5,800 F. cfe A.
100
200,000
163,400 May.
8
8
May,’83.10
100
200,000
172.700 M. cfe N.
6
7
May,’83. 4
25
200.000
6
G
45,700 M. & N.
May,’83. 3
100 1,000,000
598.700 J. (fe J.
7
7
July,’83. 31*2

.

Citizens’....

City

Commerce..
Continental.
Corn Exch.11.
East River
11th Ward*.
Fifth
Fifth Ave*..
First
Fourth
Fulton
Gallatin
Gartield
Germ’nAm/
Genn’n Ex.*
Germania*..
Greenwich*.
Hanover
Home*
.

*

"

Q.-j"

iS

....

”

Aug.JSS* 3"

125,000

1,700

14

14

Q

u

Leather Mfr. 100

10

10

.

(500,000

100
300,000
100
200,000
50 2,050,000
100
400,000
100
500,000
25 2,000,000
25
200,000
100 1,000,000
50 2,000,000

....

.

453,200 J
17,500

.

.

Julv 1,
1883.*

J.
J.
J.

52,800
254,400 j.
643,900 J.
182,100 J.

cfe
cfe
&

"7

J.
J.
J.

8
8
8

cfe j.
cfe J.
<fc J.
(fe J.
(fe J.

3
7
6

100,000
100,000
500,000

26,700
1 30,400 J. (fc J.
Murr’y Hill* 100
Nassau*
100
72,500 M. cfe N.
New York
100 2,000,000 1,013,090 J. cfe J.
N. Y. County' 100
45.200 J. cfe J.
200,000
N. Y. N. Ex. 100
300,000
93,800 F. cfe A.
Ninth
100
21 2,500 J. (k J.
750,000
N. America’'
70
700,00(t
224,600 J. cfe J.
North Riv’r* 30
240,000
69,200 J. cfe J.
Oriental*
25
276.000 J. (fc J.
300,000
Pacific *
50
422,700
241,800 Q.-F.
Park
’ 100 2,000,000 1,247.100 J. cfe J.
25
1 19.700 r. cfe j.
200.000
People’s*.
Phenix...... 20 1,000,000
248,400 r. cfe j.
Produce*
50
125,000
4,200
!
Prod. Exch.*
1,000.000
Republic
i 100 1.500,000
St. Nicholas* ioo
500,000
334,700 J. «fc J.
Seaboard *. J
31.4001
50u,000
Seventh W’d 100
300,000
88,100 J. cfe J.
Second.100
161.800 J. & J.i
300,000
Shoe A; L’thri 100
50<',000: 209,800 J.
J. I
Sixth
I 100
52.700 J. A J.i
200,000
State of N.Y*| ioo
800,000
493,800 M.
N.l
Third
‘ 100 1,000,00(1
34 M00 J. cfe J.
Tradesmen’s 40! 1,00(1,000
275,100 J. & J.
Union
50 1,200,000
761,200 M. & N.l

10

10

8
10'
8
7
6

'

..

-

July,’S3.
July,’83.
July,’83.
July,’83.
July,’83.
July,’83.
July,’83.

4
5

2*o
5
5
3
1
July,’74. 3L)

.

500,000

...

175.200
101,700 J.
17 1.600 J.

500,000
200.000

&
<fc

8
7

Aug.,’83. 4
July,’83. 4
Jan.,’82. 3
July,’83.10

6

3
20
8
G

7
7
8
10

7
7
10

July,’83. 3
July,'83. 3*2

7
6
15
8

1

Jan.

18S2
1883

'.

..

Atchison Topeka Sc Santa Fe—
(1.167 to 1.540 m.).,
(1.540 to 1.789 m.).,
18S2
(1,789 to 1,820 m.)..
1883

<1.820 m.)..

Burlington Cedar Kap. tk No.—
1881

Central Paeitic-

(2,301 to 2,588 m.)..
(2,588 to 2.775 in.)..
....(2,^82 to 3 187 m.).
1883 a
(3,199 to 2,941 to 3,003 in.)..
Chesapeake
Ohio1880..
(430 m.)..
5. .(430 m.)..
430

1SB3

Chicago tfc Alton-

512 in.)...
(512 m.)..

to

5^

(840 to *40 m.)..
(847 m.)..
(847 m.)..

Chicago Burlington & Ouiiicv—
;<l,8o? tc 2.772‘tn.).
1881

..

.

Chicago
188c*
1883*

Chicago

7883’

(2,772 to 2.92 J in.).
(2.92 It o 3.229 in.)..
(3.229 *0 3.241 m.)..
tfc Eastern Illinois—
(152 to 220 in.).
(220 to 230 m.).

17
10
100
100
50
50
25
100
15
50
100
50
100
30
20
40
50
50
25
100
25
50
50
50
50
50
37 *2
35

...

.

..

.

..

....

..

Merchants’..

Moiitauk(J)..

Nassau(t)....
National....

N.Y. Eq’table
N.Y. Fire...
100
50
Niagara
North River.
25
Pacific
25
Park
100
Peter Cooper 20
50
People’s
Pheuix(j).... 50
25
Rutgers’
Standard
50
Star
100
100
Sterling
Stuyvesant.. 25
Unit’d States 25
Westchester.
10
W’nisbg C.({) 50
..

.

00.575

03.540
00.732

84,131;

81,7(58

200,000

61,566 ; 1 0
37-LS86 10

153,000
300,000
210,000
250,000
200,000
,000,000
300,000
200,000
200,010
200,000

332,39* jlG
199,6 48 '20
441,377 i 20
173,851 10
129,885 JO
28,637 HO
1,641,032 13*77

677,192 |15
49,015

7

70.043; 10
103,258)15
54,154 7
11,304 10

105,171'
124,509
225.030
187,001

Over all

251,970

120
10
10
10
10

3,010,000 1,749,292; 10
71,580 10
500,000
200,000

10
10
10
10

200,010
150,000
210,000
150,000
300,000
300,000
200,000

7

8*2
12
6
10
12

200,000;

250,000
200,000!

200,000j

200,000
200,000
200,000
210,000
200,000
500,000
350,000
200,000

200,000
150,000
200,000
1,000,000
200,000
200,000
500,000

350,000
200,000
250,000

300,000

250,000

195,247120

20

91,188

54,105 10

20,877* 8
153,499
125,731
143,436
13,722
128,329
71,059
154,490
70,156
344,068

10
10
none.

12
12

12
14
14
10
10
8
10
10
10
10
14
14
10
10
10
10
64.122)10
10
14
411,528 13
8
95, IS 6 8
371,172 20
20
12
82,276 12
20
201,945 18
10
100,724 11
609,963 10
10
14
155,018 20
133.857 12-46 12-46
18,122 10
9
none.
22,107 7
10
145,703 10
236.949 10
10
10
190,705 10
20
428,578 10

Aug..’83. 3*2

6
5
5
6

July,’83. 7
July,’S3. 5
July.’83.

5

July,’83. 7^
5*2 July,’82. 3
10
July,’83. 5
10
July,’83. 5
10
July,’83. 5
5
July,’83. 3
none. July,’83. 2ia
10
Sept,,’83. 5
20
July, ’83.10
none. July,’83. 3
10
July,’83. 5
10
July,’83. 5
3
July,’83. 3
7
July,’83. 3
11
July,’83. 5
10
July,’83. 5
7
July,’83. 3
5
Jan.,’82. 5
10
July,’83. 5
14
July.’83. 5
10
July,’83. 5
8*2 July,’83. G
10
Aug.,’83. 4
14
Julv,’83. 5
8
Oct., ’83. 4
16
July,’83. 7
12
July,’83. 5
16
Inly, '83. 6

none. none.

106,171 10

July,’83. 3

July,’83.
July,’83.
Jan.,’83.
July, ’83.

12
10
10
30

10

278,283,10

7

July,’83. 3*2

14-35 14-70 July,’83.7*70
15 •
Oct,,’83. 7^

15
7
10
12

10
10
10

10,390

Julv,’83. 6
Aug.,’83. 7
July,’83. 7*2
July,’83. 5
Aug.,’83. 5
July,’83. 5

10
10
14
7

July,'83. 5

July, ’83. 5

‘Aug.,’83.

5

IJuly,’83. 3ig

none.!July,’81. 4
Aug.,’80. 3*a

none.

10
10

10
20

July,’83. 5
July,’83. 5
July,’83. 5
July, ’83.10

liabilities, including re-insurance, capital and scrip,

following companies have been omitted from the above

companies have discontinued business and

PRINCIPAL

March.'April, j May. j June. I July.
$
47,820!
(52.49J
08,3*5
85,822

$
45 344
58.259

57,005
72,025

188,325^

!

S
i
44,145
52,304'
54,853
77,781

!

148,551 i
224,107!

141,652’

149,504

1 *4,6*0

105,030

178,304

199,278

252,913

218,252

208,072,

!

102,540
208.740

no

July,’83. 5
July,’83. 5

table, viz.: Importers’ <fc Traders’, Manhattan, and Tradesmen’s.

OF

1.200,014 1,070,487 1.373.438 1,350,710
1,002,907 1,454.218 1,709.037 1.872,370
1,839,409 1,720.015 1.909.737 2,054,687
1.74 5,081 1,405,952 2,024.533 2,050,313
202.335

8ig
10
20
14
20

204,000
8*2
10
150,000
11
11
200,000
122,955
12
1,000,000 1,597,897 10
110
750,546 12
1,000,000
200,000
115,473 10
i 10
200.000
30
292,969 30
200,000
4,445 6*3 1 6
150,000
108,290 121s 12*2
10
728,905 10
1,000,000

*

I

40,821!

51,731
54,490
72,170

are now in

198,081
184,889

222,702
228,481

227,343

179,053

215.445

207.454

253,440

221.559

337,705

298,(530

524,054’

497,013

020.473

499.120

5*5,8301

474,318
517,897

5*8.70

6-10,387:

557,383

080,005

542,901
558,1 s 0
5<i4,80ii
000,877

529,015
'

Aug.
$
58,701'

$
47,525
5:,9«2
61,041

68,187
73,794!

73,301

00,219.

Sept.
$
02,541
70,320

77,793
95,093

Oct.

411,870 1,732.518
031,*21 1.41 *.149
,‘,57.301 1,500,217
,011,021 2,300,584

72,400

83,205

125 450
145.401!

S8,278

117.119
127.212

121.037

160,100'

179.804

174,351

209,112

211,257;

198,270

224.920'

221,801
201,4391

216,010

195.9*9

232,522,

200,357!

143,432

199,443
252,235

214,255

238,2301 259,110!

257,040
331,L73

241,135|
271,3*2
323,845!

225.096 !
310 787

610.128
548.556

617,524
635.8(50:
017.251!

607,507

335,20*1
708.906
670,205

J Total.

*
01,155
78,057

S
1
61,009

043.921

80.897

789,372

88,074

98,007

94,779

850,724

*
07,560

S

......

847,215 8,550,975
903,728
1,303,38.' 1,458,752 12,584.508
1,349,312 1,458,040 14,773,304

702,645

247.303

247,144
332,219
361,740) *355,797;

769.7511
850,398

193,419' 2,053,482
2,259,036

189,330

232,812

202,180
278,429

246,002

2,800,080

2.199.400

1.905.222 20,508,112

2.297,971
2,139, .'59

2.225,179'24.D94.099

211.820

240,795

218,009; 2.074,30S

230,396
351,310

235,585;

300.732'

203,502 2.700,702
253,350' 3,334,978

2,020,349 25,062,757

2,311,000

202,858
.881,454

701,12o!

204.991
221,748
300,155

707,349
-774,79 1
912.092

785.199
771.844

690.7701

543,723

072.380 j

040.812

7,087.226
7.557,741

858,074

749,915

701,006

8,215,495

1 934,762
2.031.001
2,270,444

1,837,800
1.810,133
2,199,421

j
.1 552,018 20,454,494
1.905,490 21,170,455
2,027,000 21,550,804

(*

111,800

93.234

114.129'

117,290
140.779

144,*79
132,001
143,205

125.139
151.703;

131.777
150,497

131,904
150.915

130,891;

128,597!

.150/57

137,473

128.981
153,113

1,299,001
1,040.451

162.008

135,782

1,774,085

(^30 to 240 m.)..
130,121
170.3*0
172.215
109,579
1240 m.)
139,9411 113,301, 130,080 123,037 127,511
120,354' 159,187 155,537
Milwaukee & St. Paul.—
(2.25o t<* 3.7 5 in.)..
704.298
738.749
900.07-.
871,041 1.134,745 1,037,958 1.020, ,709; 991 ,297 1,257, 078 1 493,621
(3,775 to 3.951 m.)..
990.*48
082.718' 910,98'! 1,250 04
1.538,491 1,729 812 1,50*. 704; 1 07* .36 1,044. 670 1 59 .(-53
(4.HM to 4.455 m.).. 1.431.537 1,,370.377
1,5(51.38(5 1.517.509 ,(527 5133 7.0 9.431 1.404. 927 1 545 ,198 1,950, 710 2 ,250 975
(1.455 to 1,550 m.).. 1,359,000 1,,258,000 2,044,000 1,072,000
O CO 8 0 2,023,000 1,829, 000 1 ,851 ,000 2,221, 000
.

Dec.

80.875

1,904.997 2.120.229
2,185.303 2.507,857
,2,495,445 2.424,529

1,489,891 1,909,027 1,082,950'
1,574,871 1,07si,450 .2.083,802
1.530.838 1.505.201 1.437,104
1,824,130 2,000,872 1,037,910
A3.089
134 070
1 *3.8*1

Nov.

I

153.378
205,912

1,778,488 1,724,950 1.840,007 1,973.438
2,091,411 2,159,311 8,899,340 2,088.519
2,342,298 2.229,105 2,070,648 2.350,557
2.127,420.2,129,220 2,030,210 2,282,000

559,577
640,730

These

liquidation.

RAILROADS.

481,103
478,3311 651,090 690,900 677.803- 747,012 057,580 674,229 ! 800,730 932,122
743,208
538,481
H)2.303
91*,47 9 1 ,040.125 1 ,197.530 1,000,033 1,000.040 1.155.809 1,203,023
,070.790 1 ,055,909 1,293.073 1,194.335 1 183,7*1 1 .153,479 1,1*7,003 1.251,003 1,329,113 1,430,220
901,255
935,(505 1,284,120 1,10(5,086 1 1*0,808 1 ,146,107 1,107.987 1,2)3,900!

184,310
107,750
252,823
197,402

10
10
20

Last Paid.

May,’83. 5

EARNINGS

Feb.

$
610,182 10

|

(}) Brooklyn.

Jan.,’81,10

*
51,227

55,401
58,509

Lorillard
Man.cfe Build.
Mech. cfe Trad
Mech’nics’ (t)
Mercantile

l

1

t Surplus includes scrip.

July,*83. 3ig

10

•

(840 ra.)..

Firemen’s
Firemen’s Tr.
Franklimfc E.
German Am.
Germania..
Globe
Greenwich
Guardian....
Hamilton
Hanover
Home

*

July,’83. 4
July,’83. 4
7^2 May, ’83. 4

I

(492 to 504 ra.)..
(584 to 589 m.)..
(820 to Ov<u in.)..
(890 iu.)..

I 40
Eagle
Empire City. iioo
Exchange... I 30
50
Farragut

The

J.i
J.!

MONTHLY

(295 tn.)..
(295 m.)..
(295 m)

1

...

1882.

1

%

t Oct. 2, 1883, lor National banks and Sept. 2‘2,
1883,ior State banks.

Alabama Great Southern—
(295 m.)..

17
20
70
City
Clinton
100
Commercial.
50
Continental t 100

Citizens’

Lafayette (+)
Long Isl.(t) .t

G
4
4
4
3is
3^2
3

ISSO.ilSSI

$
400,000
300,000
200.000

Brooklyn (+).

Kings Co.(+)

4
3
3
3*2
3
3*2
5

9
July,’83.
7
May, *83.
8
July,’83.
8
July,’83.
7
Aug.,’83.
7
July,’83.
G
July,’83.
71-2 July.’83.
10
Uuly.’83.
10
Aug.,’83.
8
July,’S3.
10 ! July,’83.
G
! July,’83.

.

U. States
100
Wall Street.
50
West Side*.. 1001
*■

7

6
7
6
7

7

..

-

50
Amer. Exch. 100
25
Bowery
Broadway... 25

Jefferson. ..t

July,’83. 5

8
6

6
8
S
7
7
G

....

..

American!...

Irving

A

7*a Aug.,’83. 4
8
July,’83. 4
8
July,’83. 4

6

..

.

’d'-l

Amount.

1

Knick’boek’r

F. & A.

161.800 J.
100 3,000,000 1,409,900 J.

Mt. Morris*.

J

Tulv-

4.900

1,037,600
188,000
362,300
1,151,50b

50 1,000,000
300,000
Metropolis *. 100

Metropolit’n

(fc

July,’83. 7

Dividends.

Surplus,

1

Howard

lmp.& Trad. ioo 1,500,000 2,601,000 J. <k J.
Irving
50
500,000
177,300 J (fc J

Lincoln
Madis’n Sq*
Manhattan *
Marine
Market
Mechanics’
Mech. & Tr.
Mercantile..
Merchants’.
Merch. Ex..

LIST.

l

.

America*..

STOCK

SI

1.472,038
1.509.598

1.S97.309 13.086,119

j 1,854,269

17.025.401

2,072,973

1,001,709 20,386,725

1.855.022
2.019,037
2.109,432

1.477.902 19.416,003
1.855.470 21,849.207
1,828,029 23,977,066

Chicago cfc Nortnwesiern—
1880

18*?1

IKS?.....,
*

!
).. 1,154.032 1, 131,083 l,St 1.725 1.294 573 1. 7 5.60,8 1,07'.177 1,099, 080 1 707
2,020, ,245
).. 1,240.007
9 53,205 1.r,8.790 1.474, 012 I. 7 t.OOO 2.300,440 1,9*3. 0(1 2, 31 n ,104 .2 292, 670
1.0*2 93
to 3.470 m.).. 1.041.930 1, 174,'70
2
1
741
1.00 *.
*.947 2,043.510 2,059. 952 2 211 ,022 2.553. 041
1
— * /* • * i •> 1 n

<2
„o 2.704
(2.7 78 to 3 018

(3.JO0

Approximate figure*,




,9391

ic

m

-

«

r>B|

August and September ettl

ucuoa.

b

jsepvciAiUer cowiaiAicu*

105.217
341.(97
(,445

00

11888811

82

.RAILROAD

8210888111

EARNINGS.

MONTHLY EARNINGS OF PRINCIPAL
Jan.

Oiic. St. Paul Mit.u.

Omaha—
(082 to 040 m.)..
(040 to 985 m.)..
(1,002 to 1.147 m.)..

102188 11

1880
18M
1882*
1882

§
193,827
257,785
327,178

'1,150 to 1,170 m.).
•Denver A Itio Crande—
(827 to 551
(551 lo 1,002
(1,000 to 1,100
(1,100 to 1,802

1882.

Feb.

$
259,783
251,6 *9413,280

s
173.078
158.55)'
33 i.4.55)
282,2 A

312,017

m.)..
ill.)..
m.)..

Marcli.

124.755.
307.476

120.5)2-.
317,(5*:
35)5,29.

5D5,12S

May.

$
259,208

J

232,146

201.211

377,2*8

350.125
402,882

438,520; *419,535

452,303

1(50,883!

101,833

15)3,5)25

398.493,
5D5.310

433.1 Hi
550.280

514.7*57

RAILROADS-(Conc]uded).

u ue.

J u 1 y.

$
218,05)3

$

.

383,202
359,455)
444,333

374,05)4
444,07'i
295.450
58 4,225)

25.017

30.225

24.001
24,79(5

373,132
548,28 *
523.105

23,183

20,014

32,880
21,38 (
22,00!)

•.

(508 ill.).

2881
1882
18*3

(508 to 530 in.).
(530 to 550 in.)
(550 in.).
New York Lake Erie A West.—
18S0
(028 to 1,000 in.).
2881.
<1,1.09 to 1,020 m.).
1882
(1,020 to 1.000 m.).
..(1,000 to 1,025 m.).
2882/
New York 6c New England —
18*0

<2SK o 310 m.).
(310 to 301 m.).
(304 m.).
(304 m.).

1882*

Norlulk 6c West.—(At..Hiss.A O.).(428 m.).
..(428 m.).

(428 m.).
(428 to 502 m.).

!

:

(322
(322
(322
(322

Northern Pacilic
1880

2-3.157

130,512
171,400

1(52,520|

120,(585
100,058

175,1 131

100.210

115,912

599,191

042,213

23,50,

51,450
28,242

25.221

30,795

47,519
31,25*3
40,102

230,150
2 43,525
311,781.

200,298
3(52,50 i

302,714
320,358
*385,085

114.878'

129,571

140,952

137,514
118.503

153.4*2

1.*7,41(5
201,803

2*9.287

184,427

172,9501

190,710:

201.899

210.21'

215.102

105.(5301

155,157 j

!92.2»0j

202,209

247,303
‘2(31,708

194,035

100,511:

005,120'

631,736 j 724.095L 732,755
803,887' 720.004 i 8158.107
»?52,345| 750.834 8 47,37(5

(573,259

179.929J 259,755

595,082

001,707'
<539.534

203,077
220,0(0
215,913

200,004:
180,477'
234,15!

110,318
187,290
251,390

95,670 !
90,200 i 113,254
147,58(
170.039 j *172,001] *190,002 *253.45)!
202,111; 201,7341 223.250
298,070

273.294

83.127,

89,(953:

40,001
31,595

35,057

35.280

401.925

32,002

28,410

347,168

312.422

812,083
300,730

305.314

380,210

341,34 2

3,351,357

101,140
100,380
15)9,007

152,082
172,(09
203,412

148,924
170,815
200,170

1,599,348
1,850,531
2,101,052

231,913
210,194

195,007
273.410

191.330

2,257,231

255,034

2,419,003

073,182
703,475

8,304,814
8,f80.397

783.120,

737,218
759,804

729,043 8,905,312

228,677

200,451
204,735

192,022
208,577

2,487,569
2,740,227

254,597

253,354
*30(5,159
377,821

1,953,594
2,810,109
3,504,086

110,082
108,118

1,331,868
1,405,453
1,492,273

84*.2(53

272.11-!

215.977
217.018

292,177

247,932
288,253

319,71;

292,905

*880,100

191,921
*277,295
35)1,245

281,140
275.330
*308,323
411,407

*303.000

371,379

328,131

297,830

130,284

123,143
127,95)8
113,241
175,884
144,5)04
124,459
107,104 124,280 118,594
112(303 *105.800 *109,715 *152,15)0 *133,098
77,913
148,745 148,374]

100,900
108,370
*133,297

055,014 ! 970,230 772,537 827,089! 5)31,91111,000,320
817,135
87(5.15)2
951,500! 1,002,950
828,720 1,22 7,885
958.130 1,215,490 1,063,705 1,043,912 1.114,513 1,215,932
947,450.1,002,348,1.090,700 1,124.770 1,251,127 *1305200

953,08(5
1,005,223

190,398
102.0051
110,050 d 124.070

87,722

93,5)811
I

583,883

,

850,8(521

953,003!
30,348

40,848!
70,009

28,014

,35.902
52,202
75,512

48.0,55)

07,(510
8-4,805

34,211
52.005
73.156

0,404,980

815,238
879,080

199,125

209,052

3,478,067
0,244,780

081,385
448,810

880.211

080.593, '797,850

,

319 19(5

828,847

199,84(5
192,317

217,574 i

515,008

Total.

800.837

703,494’

200,412] 270,568

1,200,5)02

*124,475

949,185 9,491,344
1.153,775) 11,344,362
1,221,509 12,981,432

31,007

38,(542

40.125

48,7534

59,5)3!
75,170

03.99(5

73,397
8(5,708

04,(554
80,905

82,250

427,752
6:35,659
906,319

502,184
037,703

533,950
094,109

487,820
065,800

5,427,256
0,421,517

8,038,194

41,255
00,082

87,205

81,835

90,200

393,745
480,334
575,685,

400,000

484,570

514,105

549.332

455,904
550,331

482,334

(525,423
710,418

018,701

735,385

589.470!

007.998

059,570

625,133

033.83!)

908.738

801.410

800,525

550,505)
781,258

002,440
730,009

5)53,517

944,742
204,714
25)5,5)24
207,433

251,308
202,98(5
301.054

287,373

258,812
300,4S2

2,273,623
2,403,220
2,184,445

190,912
188,5)35
201,712

196,80!)
1(59,033
202,(508

191,017
1S7.079
210,070

2.193,807
2,24(5,216
2,162,857

1,25)0,381 il, 252,218 1,044,958 1,613,151 1,502,544 1,(501.812 1 580,97(5 1,000,873 1,780,417 1,899 910
1,443,437'1, 425.705| 1.847.201 1,709,057 1,77(5.85)1 1,794,982] 1, 787,081 1.772,895 1,734,200 1,814,800
1,318,997 I, 3< 14,7581 ] ,507,033 1,070,7+3 1.(581,75)8 1,750,084!
1,819,010

1,797,338
1,715,409

84,185
1

j

400,105

554,049

484,121

472,018
034,901

388.081
552.075

513,982
550,120
857,832

537,501

732,541

395,413
400,043
020,988

500,907]
005,273: 719,501;

535,088
030,725

508,507
734,008
704,431

250,110
224,340

204,004
210,707

159,070
215,971

158,500
108,004

168,302
230,910
148,1(57
184,003

140,091
103,550
141,957
128,807

129,2 41
145,803
134,378
141,734

121,855
130,517
130,184
122,910

131,621
135,548
135,174
134,404

218,470
189,470
170,753
197,383

100,828
203,102

179.213
220,823

155,827
100,090
130,704
170,001

102,730
10(5,203

171*330;
206,1041

104,888
195,055
107,393
101,435

172.333

171,074

105,202

1,521,809:1
i

10

433,343

4,231

213,840]
258,200!

541,142

I

177,209
154,103
171,079

590,049

140,55)3
184,247
100,789 210,202
137,475
157,875
‘157,950 *18-4.021
181,9(55

1*0,495

1 Sr.,320
J 89,7*7

195]40S

210,058

179,7291
15)0,088

190,190

,283,010; 1,090,909 1,548,474 2,055,988 2,057,547
149,90*]

189,749!

393,445
444,204
512,042

173,(5111

183,845
212,019

217,201

or.-, ■> ;o

231,741! 2s'4]sg3|
I

179,089
210,913
201,041
208,853

183,700

217,185
289.722!
290,951!
(

101,9541
104,917] 153,0331
108,5721 149.(555*1

143,099
1 74,438

200,487'

190,990

150,870!

171.75)3

191,344

131,407
149,(503
185,322
205,003

334,494
380.150;

330,800

415.325

380.130

329.788

382.057

452.5)00

487,273

407,3158!
499,252;

435,58*

413,551
480,805

414,789

420,490

4(55,(55+4

500,805

470,335

499,133

m.).
in.).
m.).

81.390]
110,508

119,358

18f5,074

102.5)84
373.141

210.210
451.023

in.).

358,985]

77,255)
7*,8(>3
2(53,935
328,15s

503,903

000,412

m.).

473,033
(505,087

229,0,54

535,732
(502,493
(540.014

408,502
500,829
495,709

020,043

190,812
158,112

203,011

342.894
892.921

400,583

235.935

j 200.322

342,052
379,029
548,*52

$ c• |
$
312,173 3,122,095
432.615! 4,021,961
304,9 i0 4,962,200

000.193
578.1 13

152,951
100,157
203,805

18S 5(59

Dee.

219,891
231,518
2*5,3! 12 i
25)3,915)

205,050'; 249,885
210,820'
25)8,441
309,288

280,524
310,45)0
377,223

133,704

145,585

150.885)

173,374

174,843
203,010

191,535
219,188

179,917
190,(22
222.K50!

419.193
4.'>7.287

450,298
410.811

405,819
470,104

484,534

453,923
498,008 ]
025.970

474.5241

587,272

j

.235,012 215.491
2i)n,573
201,200
383,:+17 *310,145

209,410
221.438

1,818,824
210,85(5
240,7(54,

*270,183

235.9K)

0,673,334

1,720.788 19,489,366

1,571,208 20.393,112
1,091,404
198.10S

2.396,302
2,809,943
3,408,169

240,0(54
*2*51,082
181,74(5
205,05)5)
224,758

2,064.194

201,235
459,051
487,1(50
1520,085

494,310
47(5,023
C490.003

5,050,885

300.822
475.0! 1

220,993

570.721]
829,8311

705),!)91

3 3.8S2.714

3,574.913

232.774

209.01(5
228,5)95

240,530
272,318

2,207,288

2,429,733

201,711] *273,171
404.093

512,917

429,500

4451.004

592,435

uy0,2)d

339,25 7
50(5,032
772.838

358.450

e

5,443,698
5,800,178

—

(722
(722 to 072
(072 to 1,410
(1,535 to 2,305

188?

m.).
ill.).
m.).

273,322

210,995
304,897.

Nov.

400,133

7 582,000 HD 18,009

35,8(57

337,501
394,072

Northern Central —

1*82....

240,('.7ii|

-Oct.

85,585
92,118

330,510

..

220,380

Sept.

a a;.

8
$
251,013
300,833
370,897
373,370
522.200
422,718
495,015) *523,300

230 99."

404.502

.

Missouri Kansas A Texas1881....
(880 to 1,100 in.)..
1882
(1,100 to 1,200 til.)..
188;?..
(1,200 to 1,380 w.)..
Missouri Pacific—
(700 to 705 m.)..
1882
(705 to 000 in.)..
18*3
(000 m.).,
Mobile 4Sc (lino —
(500 m.)..
(500 ui.).
...(528 in.).
1882
(528 in.).
Nashville Cliatt. A St. Ennis—

A

55)3,5)22
545,444
*[521,000 *573,101) 7545),900 7547,300 7552,30(

1884’....
f 418,3'J0 7433,40(
m.).
De» Moines A Port Bodge—
(87 ill.)..
20 93!)
10.47 v
24,9(5*
(87 to 128 ru.).
32.072
32.825
35,375
188;)
(1281 j 142 in.)
2.8,5)20
21,573
20,018
ffiaNt Tcnn. Va. A: <4a.—
(0r0m.)
1882
(002 m.)..
254.00
231,701
248,4701
1882
(002 to 1,122 in,)..
323,24 L 312,522
330,151!
Flint A Pure Murouette—
1880
(2.i8 to 818 m.)..
1 10 523
110,277
118,802
CDS m.)..
110,031
131,503
158,10 !
(218 to 247 m.)..
100.814;
107.548, 103,883
1882*'
(347 m.)..
100,554
105,150
231,034;
/Hannibal A St. Joseph —
18*1
(202 m.)..
122.371
151,401
170,350!
1882
(202 ill.)..
134.232 •100,322
170,100:
1882
(202 m.)..
177,705
182,088
243,179
'fllliuois Central —
I
5' >5,212
(1,275 to 1.221 m.)..
013.8001 012.058
(1,811 in.)..
557.789
031,281
524,499
(1,821 in.)..
740,744
097,274
(580,228
1882
(1.221 to 1,820 m.)..
077,515 589,448
700,737
Indiana Bloom. A Western —
(544 m.)..
192,085
185,050 105,320
(544 to (581 m.)..
201.423
201,883
189,052
1884*
<084 lii.L.
2(58.801
248,142 202,031
International 6c tit. Northern —
(520 to 571 m.)..
159,543
140,214
115,595
(571 to 721 m.)..
21(5.127
172.47C
229,!) 11
(721 to 775 in.)..
210,781
200.000
235,223
1882
(775 to 825 ru.).
342,138
293,540
321,129
Enke Erie 6c Western —
1880
to
285
(802
m.)..
98,013
89,209
83,004
18*1
(885 in.)..
107,023
80,080
105,058
1882
(385 m.)..
120,703
100,009
99,108
1882*
(285 m.)..
131,090 108,007
125,107
fjouisvilie A Nashville(1,107 to 1,840 m.)..
074,455: 575,035 012,593
(1,840 to 2,071 m.)..
810.900, 895,124
9l7,!(0O
188-2 r.
(2,028 in.)..
000.315 1,008,834
004,52
1882 b
(2,028 to 2.000 in.).. 1,118,735 1,014,807 1,141.337
lUihvaukee Cake S. A: West.—
I
(205 lo 25() m.)..
37,772
24.833]
33.251
(250 lo 270 m.)..
30,0781
31,382
30,755
(270 to 200 in.)..
00,2711
05.437
77,0')0
1882*
(200 to 220 ill.).,
05,381
04,593
79,080

83210.8 118.
21 13

A pril.

IVol. XXXVII.

Peuusy Iv a nia—

245,309]

228.777
434,085

-

35)1,28+5
530,453

2.630,084
4,070,224

0,983,714

*1210000

<AU lines cast of Pittsburg & Erie)1880
(+1,800 to 1,820 in.).
188!
(+1,844 to 1.887 ill.).
(+1,887 to 1,981 in.).
(+1,081 m.).

3,072.971! 3,840,215

4,000,0541 4,373,825

3,517,828 41.260,068
3,731,151 44,124,178
4,157,109 49,079,626

Philadelphia A Beading—
(840 m.).
(840 m.).

1881r
1882

(810 m.).
1883$
(S10 to 1,419 m.).
81. 1j. Alt. A: T. II. Main lane—

(105 m.).
(105 in.).
(105 m.).
(105 m.).

1882.
1882*

8t. L. Alton AT. II. Bra nches—
(71 to 121 m.).
(121 ill.).
(121 in.).
(121 to 138 ill.).
Kt. I.nuis Iron Mt. A Southern—
IK-* 1
(0SO to 718 m.).
1882
(718 to 810 rn.).
1883*
(810 to 905m.).
St. l*ouis A San Franeisco—
1»0
(402 to 507 m.).
3881
(507 to 001 in.).
1882
(* 0l m.).
1883*
(725 to 730 ni.).
St. Pun! AX 1 iiit. A Manitoba.—
1880
(050 to 855 in.).
(855 in.).
(012 to 1.020 m.l.
‘..(1,250 to 1,324 in.).
•

1HK4*

-

.

Texas A Pacific—

*■

4880
3881.
1882
1883

(144 to 700 m.).
(7ot) i(. 082 ni.).
(082 to 1,413 in.).
(1,412 It. 1.487 m.).
lYabask St. Coil is A' Pacific—
18s0
(’ ,55s i o 2.470 m.).
1881
<2,470 t" 3.350 m.).
1**2*
7883*

(3,348 to 3,518

m

CJ.518

ni

^Approximate figures.

).

S

1,009,241 1,720.010 1,090,877 2,810,439 2,979,094

96,9)21

108,988
101,820
102,153
115,471

113.51*

71,14*
00,5)50

54.750
(54,180
5-5,0. i2

71,892

03,500

570.957]

500.75 <1

510,370

•005,258

104,577
10

123,454

132.572

108.434
133.337

101.747

97.> 05

120,024

103,015

55,476

52,082
50,240

75.-*02
80,951

47,028
04,110
0 (,430
5*,‘970

501.127

704.002
585 008

522,781

032,228

5(5,218

68,505

193,091

15)5,5)48

193.140

2)18.547
251.040

1

78,51)5)

209 903

240.135)

271 323

278,321

230,278

351,089

251.187

137,045
159,482

35)5.401

4 IS ;158

201,797|
320,9021

489,703

389,012

180.23!)

53J,()()4|
729,* 13

2 15.7*5
281,170

219.105

f 23.987

278 535 I

534,525*

410,040

7rc,7')0

75

2*50,7*1

215,070
1

319,1)28
313.442

| 520 901

9,451 1

138,153

101,4SJj

85,550
44,370

52,924!

121,937
102,923

......

101,950
90.5)35

1,417,662
1,424.803

102,993

110.099
105,500
155,3: ?4

124,021

1,506,586

07,5*5)

77,982

72.074

82,553

729.078

72,(511

04,289
72,817

74.192

91,350

75,355

750,024
875,480

*087,280

*709,498

843,973

781,305

25*0,329
27(5,550

220.003

3 0,100

300,100

2.698,371
3.100,523

309,00()

333,020

313,205

3,572,241

(

300,075
508.530

297,040
528,2(53

913,334

753,510

143,881
131.097

12)0,'-'SO

129.984
151.5)17

-99,422,

128,082

120,170

(50,032
(53,588

\

IS,si t

<ST-

50,132
52.5)48

4(5.519
73.(541!

88,327

00.3*4
83.735

57,04*

51,720,

71,440

79,570

540.302
519.97*

479.075
5151.120

474.302
525). 700

553,788

551,55!)

533.512
515.519
5S j,8lJ0'

(544.386

544,780

213.297
252,889

259,995

107,664

173.007
203

252,5)00

238,721
25.1,5) 17

290,750(

333.014
425.085
570,890

281.85)9'

M2,-.17

727,45)9

243,407
405.321
850.117
703. SOS

171.177
295.060

111.0*3

153.00*1

281,7.83

285 805

308,752

421.219

3073258

400,180

400,078

450.22(5]

382.042
858.903

075,981!
747,710

\

89

1,*5''.8*9 20,770 101
1,795,371 21,834,598

130,700

00,914

274.080

1,35-4,031 18,431,847

2,015,5*S»
‘A 0.76 7.1(1

150.727
125.55)2
1 ('(>,() ?7

70.5)47

170.104
209.507
231.490
274,0! 1

2,184,220

3,538,0j3

105.837
121.990
99,083

95,847

1,740,299
1.5)89,948
I> S>‘>« f>13

708,325 '*719.239
721,100
809,394

770,104

330.914

281.802
394,5)07

2*0.878
27*. (553
3355.504

280,020

365),520

370,57(5

272,089!

274.183

853.25)0

232,575)
414.5*54
801,759

012,700

029,013

777,*04

15)5,711
828,003
3751.451

220,073
381.331
452,153

200,570

537,143

5 40,556

5'25*,i)03

88 7,48*]

_

485.73(5
832.77(5

413.240

328,194

(505,708
979,057

-

303,666,
419,203
541,901

!

.07-1.75* 1.470.93'--

301,858
4019 58
041,041

'

9 5 8.7 73
892.025
5)78.' 525)
5)53,408 1.0(50,742,1.189.478 1.178,950 1,50’,203
8* >,.>,339
813.37 1 : 1,109,395)
907,033 1,148.009 1,3308*44 1.120,615 .542.124 i ,497.24 1.400,029
1.32c.'.it) .■ 1,131.70* ,1,313.775 1.373.1514 1.201,8(54 U 49.68211.418.837! .772.544 1.082.382 1,595,630
1.907 *83

312.184
3(59,521
619,055

1.1 "3.65-1 1 ‘>13 016 1 It* +)8 1 '*16 .11 HI

870

< .11

1.737 1*2

1,131,787
1,372,300

1050,810

1

1,331,952

/1

1,291,657
...

+ A ml 00 miles ui canal.
S Include-Central ol‘ N. J. earnings lro.i a -d ; fter ,1 une, 1883.
1 Not i-ml.constr’n material.
a Lm
ram ng c< >t re<‘t ns f< >und necessary alt or
monthly tot tils had been pubiishe I.
l> sept. rlgm es >re a nroxi nut e.
c J line, 1882, figures (as well as
tac.se )< r J nne in preeouing y a:*s) ir.c.u !es miscellaneous
fort'.e who e of t lie fiscal year ended with that month. Since that time these receipts
reeelp-.s
Stare been added to ear
m
nth -■ earn gs, and ( him dmtribiu ml even! v t
hnmga the year,
d Incl. $20,031* f •uiiscellaaeues receipts.
e Net iuel. Union Xvlv.
/luoiLv & earnings id N. 1. Peuusy;van a A O ;i<» from and after Ala- !-•*b




:*r<

INVESTORS’

October, 1883. J

INDEX

TO

NAMES

For reference to the former name of any company

that has been consolidated or reorganized the following is prepared

Selma Rome & Dalton.
East Tenn. Virginia & Georgia.
Allegany Central
...Lackawanna it Pittsburg.
American Dock & Improvem’t Co...Central of New Jersey.
Androscoggin & Kennebec
Maine Central.
Arkansas Valley
Denver & Rio Grande.
Atchison & Nebraska
Chicago Burlington & Quincy.
Atchison & Pike’s Peak.
Union Pacific, Central Branch.
New York Pennsylvania it Ohio.
Atlantic & Great Western
Atlantic & Gulf
Savannah Florida & Western.
Atlantic Mississippi it Ohio
Norfolk it Western.
Atlantic it Pacific
St. Louis & San Francisco.
Baltimore Short-Line
Marietta it Cincinnati.
Bay City & Saginaw
vrrTFlint it Pere Marquette.
Alabama <t Tennessee River

Chicago Burlington it Quincy.

Missouri Pacific.
Missouri Pacific.
Central Pacific.
.United Companies of New Jersey.
West Jersey.
Central Branch Union Pacific.
Flushing North Shore it Central.
Vermont Central.

Cairo Arkansas & Texas
Cairo & Fulton
California it Oregon

Camden & Amboy
Cape May it Millville
Central Branch Union Pacific.
Central of Long Island
Central Vermont
Cham. Havana it West
Charleston it Savannah

Wab. St. Louis it Pacific.
Savannah it Charleston.

Chicago Cincinnati it Louisville
Chicago Clinton Dubuqeit Minn

Wabash St. Louis it Pacific.
C. M. <t St. Paul.
Columbus Chic, it Indiana Central.
Chicago it Alton.
Chicago it West Michigan.
Chicago it Northwest.
Illinois Central.
Chicago Rock Island it Pacific.

Chicago it Great Eastern

Cnicago <t Illinois River

Chicago it Michigan Lake Shore
Chicago it Milwaukee
Chicago it Springfield
Chicago it Southwestern

Chicago St. Louis & New Orleans...Illinois Central.
Chic. St. Paul it Minn
Chic. St. Paul Minn, it Omaha.
Cincinnati it Baltimore
Cincinnati Wash, it Baltimore.

..Columbus Chic. & Indiana Central.
Cin. Indianapolis St. Louis it Chic.
Cin. Indianapolis St. Louis it Chic.
Utica it Black River.

Cincinnati & Chicago Air-Line
Cincinnati it Indiana
Cincinnati Lafayette it Chicago

Clayton it Theresa

Cleveland Mt. Vernon it Delaware..Cleveland Akron it Columbus.
Cleveland Painesville & Ashtabula. .Lake Shore it Michigan Southern.
Cleveland & Toledo
Lake Shore <t Michigan Southern.
Col. Chicago it Indiana Central
Chicago St. Louis it Pittsburg.
Columbus it Indiana Central
:.Columbus Chic, it Indiana Central.
Columbus it Indianapolis Central.. .Columbus Chic, it Indiana ^Central
Columbus it Toledo
Col. Hocking Valley it Toledo.
Connecticut Western
Hartford it Connecticut Western.
Covington it Lexington
Kentucky Central.
^

Dakota Southern.
Danville it Vincennes.,.

Davenport it Northwest

Sioux City it Dakota.
:....Chicago it East. Illinois.
Chicago Milwaukee it St. Paul.

Decatur it East St. Louis
Denver Pacific
Detroit it Bay City
Detroit it Eel River
Detroit & Milwaukee
Detroit Monroe iV Toledo
Detroit it Pontiac
Dixon Peoria it Hannibal..

Dubuque Southwestern
Easton it Amboy
Elizabeth City it Norfolk

Wabash St. Louis it Pacific.
Union Pacific.

Michigan Central.
Eel River.
Detroit Grand Haven it Milwaukee
Lake Shore it Michigan Southern.
Detroit Grand Haven it Milwaukee

Chicago Burlington it Quincy.
Chicago Milwaukee it St. Paul.
Lehigh Valley.
Norfolk it Southern.

Essex
Eastern (Mass.)
Evansville <fe.Crawfordsvi.lle
Evansville it Terre Haute.
Evansville Henderson it Nashv ille..Louisville it Nashville.
Flint it Holly
Florence El Dorado it W
Florida Central
Framingham it Lowell
Frankfort it Kwkomo

Flint it Pere Marquette.
Atchison Topeka it Santa Fe.
Florida- Central it Western.

Lowell it Framingham.
Toledo Delphos it Burlington.

Galena it Chicago Union
Grand Rapids New it L. Shore
Grand River Valley
Great Western (Ill.)
Green Bay it Minnesota..
Greenville it Columbia

Chicago it Northwest.
Chicago it West Michigan.
Michigan Central.
Wabash St. Louis it Pacific.
Green Bay Winona it St. Paul.

Hannibal it Central Missouri
Hannibal it Naples
Harlem it Portchester

Missouri Kansas it Texas.

Hastings it Dakota
Holly Wayne it Monroe
Holyoke.it Westfield

Chicago Milwaukee it St. Paul.
Flint it Pere Marquette.
New Haven it Northampton.

Houston it Great Northern
Hudson it River Falls
Illinois Grand Trunk
Illinois & Southern Iowa
Indiana it Illinois Central

Indianapolis it Cincinnati
Indianapolis Cin. it Lafayette

International it Great Northern
Ionia it Lansing
Iowa City it Western
Iowa it Dakota
Iowa Midland
Iowa it Minnesota
Iowa South, it Missouri North

Jackson Lansing it Saginaw
Jamestown it Franklin
Joliet it Chicago

Columbia it Greenville.

Wabash St. Louis «fe Pacific.
New York New Haven <t Hartford.

.Missouri Kansas it Texas.
Chic. St. Paul Minneap. it Omaha.

Chicago Burlington it Quincy.
Wabash St. Louis it Pacific.

Indianapolis Decatur it Springfield
Cin. Indianapolis St. Louis it Chic.
Cin. Indianapolis St. Louis <t Cliie.
Missouri Kansas it Texas.

Detroit Lansing it Northern.
Burlington Cedar Rapids it Nortli’11
Chicago Milwaukee it St. Paul.
Chicago <t Northwest.
Chicago Milwaukee it St. Paul.
Chicago Rock Island it Pacific.

-..Michigan Central.

Lake Shore it Michigan Southern
Chicago it.Alton.
Kal amazoo Allegan it Gr. Rapids ..Lake Shore 61 Michigan Southern
Kalamazoo it Schoolcraft
Lake Shore it Michigan Southern.
Kalamazoo it South Haven.
Kalamazoo it White Pigeon
Kansas City it Cameron
Kansas City it Eastern
Kansas City St. Jos. it Council B
Kansas City St. Louis it Chic
Kansas City Topeka it Western
Kansas it Nebraska
Kansas Pacific

Michigan Central.

Lake Shore it Michigan Southern.
Hannibal it St. Joseph.
Missouri Pacific.
Chicago Burlington it Quincy.
Chicago it Alton.
Atchison Topeka it Santa Fe.
St. Joseph it Western.
Union Pacific.

Lackawanna it Bloomsburg

Delaware Lackawanna it Western.
Lafayette Bloomington & Muncie.. .Lake Erie <t Western.
Lake Erie Wabash & St. Louis
Wabash St. Louis it Pacific.
Leavenworth Atchison it N’west

Leavenworth Lawrence & Galv




Missouri Pacific.
Kansas City Lawrence <t Southern

Maine Central.

Lehigh it Wilkesbarre Coal Co
Lexington <t Southern

Central of New Jersey.
Missouri Pacific.
Chicago it Alton.
Texas <t New Orleans.

it Missouri....
Western

Cincinnati & Lexington..Louisville it Nashville.
iv St. Louis
Louisville Evansville & St. Louis.

N. Albany

Wash. City Va. Mid. & Gt. Southern
Georgia RR. it Banking Co.

Lynchburg it Danville.
Macon it Augusta
Macon it Western
Marietta it Cincinnati
Marietta Pittsburg it Cleve

.,

'
Beloit <fc Madison
...Chicago & Northwes
Boston Clin. Fitch. & New Bed.....Old Colony.
Berks County.
Philadelphia & Reading
Boston Hartford & Erie
New York & New England.
Lake Shore & Michigan Southern.
Buffalo it Erie
Buffalo Pittsburg it Western
Buffalo New York it Philadelphia.

Leeds <t Farmington

Louisiana
Louisiana
Louisville
Louisville

:

WILL NOW BE FOUND UNDER—

FORMER NAME.

Alabama Central

Burlington it Missouri...,

RAILROADS.

OF

Will. SOW I1E FOUND UNDER—

Foftui.lt NAME.

83

SUPPLEMENT.

;.Central Railroad it Bank Co., Ga.
'.Cincinnati Wash. & Baltimore,

Cleveland it Marietta.
Connecticut it Passumpsic.

Massawippi

j Memphis it Ohio
River

Louisville it Nashville.

! Metropolitan Elevated

Manhattan Elevated.

Chicago it Northwest.

Menominee

j Michigan Air-Line

Michigan Central.

Michigan So.it North’u Indiana
I Midland of New Jersey

Lake Shore <t Michigan Southern.
New York Susquehanna it Western.

j Milwaukee it Western

Chicago Milwaukee it St. Paul.

i

i Minnesota
I

Chicago Milwaukee & St. Paul

Minnesota Central

Valley

Chicago it Northwest.

:

Vermont it Canada.

Missisquoi

Chicago St. Louis & New Orleana

Mississippi Central

Missouri River Fort Scott it Gulf ...Kansas City Fort Scott & Gulf.
Missouri River RR
Missouri Pacific.
Montclair
New York it Greenwood Lake.
Mouticello it Port Jervis
Port Jervisit Mouticello.

Worcester & Nashua.
Central of New Jersey.

Nashua it Rochester
Newark it New York
New Jersey Midland...
New Mexico <t So. Pacific
New Orleans Jackson & G. N
New Orleans Pacific...:
New York Elevated
New York it Oswego Midland
New York <t Rock away
Newtown it Flushing
Niles it New Lisbon
Norfolk it Petersburg
North Missouri
North Wisconsin
Northwestern North Carolina
:.
Northwestern Union
Northwestern Virginia

New York Susquehanna & Western.
Atchison Topeka it Santa Fc.
.Chicago St. Louis it New Orleans.
Texas it Pacific.

Manhattan Elevated.

New York Ontario it Southern.
Long Island.
Long Island.
Cleveland it Mahoning Valley.

Norfolk it Western.

Wabasli St. Louis <t Pacific.
Chic. St. Paul Minn. & Omaha.
Richmond it Danville.
Chicago it Northwest.

Baltimore <t Ohio.
Detroit Gr. Haven & Milwaukee

Oakland it Ottawa River
Ohio it West Virginia
Oil Creek
Omaha it Southwestern
Ontario Southern

Col. Hocking Valley & Toledo.
Pittsburg Titusville & Buffalo.
Burlington & Missouri in Nebraska

Orange it Alexandria..
Ottawa Oswego & Fox River

Washington City Va. Mid, A Gt. Bo.
Chicago Burlington & Quincy.

Pacific of Missouri
Paducah it Elizabethtown
Pekin Lincoin it Decatur
Peninsular (Mich.)
Peoria Pekin it Jacksonville
Pittsburg Titusville it Buffalo
Pleasant Hill it De Soto

Missouri Pacific.
Chesapeake Ohio it Southwestern.
Peoria Decatur & Evansville.
Chicago it Northwest.
Wabash St. Louis it Pacific.

Lake Ontario Southern.

Buffalo Pittsburg it Western.

Atchison Topeka & Santa Fe
Pomeroy it State Line
Pomeroy <t Newark.
Port Huron it Lake Michigan ..T...Chicago it Lake Huron.
.

Maine Central. :
Chicago Milwaukee <t St. Paul.

Portland it Kennebec.:
Prairie du Cliieu
Pueblo it Arkansas Valley

Atchison Topeka it Santa Fe.

Quincy Alton it St. Louis
Quincy Mo. it Pacific

Wabash St. Louis it Pacific.

Quincy it Palmyra
Quincy it Toledo
Quincy it Warsaw
Itcpublican Valley

Chicago Burlington it Quincy.

Hannibal it St. Joseph.
Wabash St. Louis it Pacific.
.Chicago Burlington & Quincy.
Burlington it Missouri in Nebraska.

,

Rochester it Northern Minnesota ...Chicago it Northwest.

St.

Joseph it Denver City

st. Joseph it Pacific
St. Louis Iron Mount’ll it Southern
St. Louis Jacksonville & Chicago

St.
St.
St.
St.
St.
St.
St.
St.
St.

St. Joseph it Western.
St. Joseph it Western.
Missouri Pacific.

Chicago <t Alton.

Louis Kansas it Arizona
Missouri Pacific.
Louis Kansas City it Northern...Wabash St. Louis & Pacific.
Louis it Lexington
Missouri Pacific.
Louis Rock Island & C
Chicago Burlington it Quincy.
..Louisville it Nashville.
Louis it Southeastern
Paul it Chicago
Chicago Milwaukee & St. Paul.
St. Paul Minneapolis it Manitoba*
Paul *fc Pacific
Chic. St. Paul Minn. & Omaha.
Paul it Sioux City
Chic. St. Paul Minn. & Omaha.
Paul Stillwater it T. F.

Cincinnati Sandusky ^Cleveland.
Cincinnati Sandusky & Cleveland.
Atlantic <t Gulf.

Sandusky City it Indiana
Sandusky Dayton it Cincinnati
Savannah Albany it Gulf

Savannah <t Charleston
Charleston <t Savannah. •>
Schoolcraft it Three Rivers
Lake Shore <t Michigan Southern*
Scioto it Hocking Valley
Marietta <t Cincinnati.
Sioux City & Dakota
Chicago Milwaukee <t St. Paul.
Sioux City it St. Paul
Chic. St. Paul Minn. & Oliaina.
Smitktown it Port Jefferson
Long Island.
South Pacific (Mo.)
St. Louis it San Francisco.
South Side, (L. I.)
Brooklyn it Montauk.
South Side (Va.)
Norfolk it Western.
Southern Georgia it Florida
Savannah Florida it Western.
Southern Minnesota
Chicago Milwaukee <t St. Paul.
Staiistead S. it Chambly.
Vermont Central.
Steubenville it Indiana
Pittsburg C. it St. Ixiuis.
Teboit Neosho
Missouri Kansas & Texas.
Toledo it Illinois
Wabash St. lAHiis it Pacific.
Toledo Logansport <t Burlington
Columbus Cliie. & Indiana CentraL
Toledo Peoria, it Warsaw
.-...Wabash St. Louis <t Pacific.
Toledo it Wabash
Wabash St. Louis it Pacific.
Union
Northern Central.
Union it Logansport
Columbus Chic, it Indiana Central.
Union it Titusville
Pittsburg Titusville it Buffalo.
Uta-ii Southern
Utah Central.
V< rmont it Cana la
:
< onsobdated Vermont.
.Consolidated Vermont
Vermont Central.
.

,

Chesapeake it Ohio.
Norfolk it Western.

Virginia Central
Virginia it Tennessee
Wabash it Western
Waco it Northwest
Wall kill Valley....

Wabash St. Louis it Pacitic.
Houston it Texas Central.

-

Lehigh it Hudson River.
Washington City Va. Mid. it Gt So. Virginia Miduiiui.
West Chester & Philadelphia
Philadelphia it Baltimore CentraL
West Wisconsin
.Chicago St. Paul & Minneapolis.
Western Pacitic
Western Union Railroad
Wichita it Southwestern
Winona it St. Peter
Wisconsin Valley

.

.

Central Pacitic.
.Chicago Milwaukee <fc St. Paul.
Atchison Topeka it Santa Fe.
Chicago & Northwest.

Chicago Milwaukee & St. Paul

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“

“

1 year or more

Single Copies of the Chronicle (without the Supplement)
Single Copies of the Supplement
letter.

Postage is 20 cents per year, and is paid by the Publishers.




>a

8

1

line.

“

Space is measured in agate type, 14 lines to the inch.

WILLIAM B. DAM & €0.,

Publishers,

79 & 81 William 8treeU New York.

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THE FINANCIAL REVIEW.
(ANNUAL,)

1883.

A Year Book of Financial Information
FOR

BANKERS,

STOCKBROKERS,
MERCHANTS,
INVESTORS.
CONTENTS:
Retrospect of

ISS2,

Investments

mercantile Failures.
/

United States—National Bank Figures
and
New York

Speculation-

Compound Interest Table, Showing Accumulations of Money

Banking and Financial—
ments.

and

in

Currency Move¬

Series of Years.

a

Realized

City—Bank Returns, &e. London—Money

out

Market and Bank Returns.

on

Table

Showing the Rate Per Cent

Securities Purchased at Different Prices (with¬

regard to Date of Maturity).

Stock Speculation in

New York.

CommercialUnited

ports
of

Tlie

States—-Foreign Commerce, Trade Balance, U. S. Ex¬
and Imports of Leading Articles. London—Review

State

of Call Loans and Commercial

since 1875.

Paper

Debts

and

State Debts and

in the

Securities—

Immunity Irom Prosecution.

Prices of

Railroads and their Securities—

United States and abroad.

Railroad Statistics of the United States.

Foreign Exchange-

Prices of Railroad Bonds, 1878-1832.

Market and Prices in New York, 187C-1882.

the

Review

bound

in

Market, 1878-1882.

Postage, when

sent

by Mail

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William

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CO.,

PUBLISHERS,
79

Earnings.

The New York Stock

Cloth

WILLIAM

Nos.

Railroad

Friies of Railroad Stocks. 1878-1882.

To Subscribers of the Commercial A
Financial Chronicle.




Prices of United States Bonds

State Securities, 1860-1882.

Silver-

of

Securities—

,

Production, Exports and Imports of Gold and Silver

Price

Debt and

1860-1882.

Money Market-

and

States

Debt of the United States.

Year, Bank Returns, &c.

Influences, and Prices

Bold

United

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HAND-BOOK
OF

SECURITIES.

RAILROAD
JULY,

INCOME;

DESCRIPTION;

DIVIDENDS.

PRICES;

CONTENTS.
JE&nilvoad Securities.—
A

BONDS OUTSTANDING., AND

STATEMENT OF THE STOCKS AND
Four

securities are sold in the markets of New

Fast, of ali Railroads whose

Years

Philadelphia

or

Baltimore.

THE EARNINGS for

■

NXoritlil.y.—

Highest and. Lowest Prices,

UNITED STATES SECURITIES—For the year

188*2, and to July in 1883.

and to July in 1883.

BONDS AND STOCKS IN

NEW YORK—For the year 1882,

BONDS AND STOCKS IN

BOSTON—For the year 1882, and to July in 1883.

BONDS AND STOCKS IN

PHILADELPHIA—For the year 1882, and to July in 1883.

BONDS AND STOCKS IN

BALTIMORE—For the year 1882, and to July in 1883.

Range of Prices
YEARLY RANGE OF

York, Boston,

t>y Years.—
ACTIVE STOCKS in 1881, 1882, and to

July, 18S3.

Dividends.—
DIVIDENDS ON RAILROAD STOCKS sold at

Baltimore, paid prior to July in 1883, and
Railroad
GROSS




York, Boston, Philadelphia and

during the six years, 1877—1882, inclusive.

Earnings.—

EARNINGS, by months, since January 1, 1880.

PIUCE,
TO

the Exchanges in New

BOUND

1\

SUBSCRIBERS

RED
OF

$1 25

LEATHER,

TIIE

$I’00

CHRONICLE,

WILLIAM

B.

DANA

&

SI

V\rilliam

70

&

CO.,

Street,

New

York,


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102