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likes tors'
9
OP
the
Commercial! Financial Chronicle.
(Entered according to act of (Jongrea9, in the
year
1882, by Wm. B. Dana & Co., in the office of the Librarian of
Congress, Washington, D. C.]
~
NEW
INVESTORS’
YORK,
OCTOBER
This
there
The Supplement contains a complete exhibit of the Funded Debt of
States and Cities, and of the Stocks and Bonds of Railroads and other
Companies.
It is published on the last Saturday of everv other
month—viz., February, April, June, August, October and December.
It is furnished without extra charge to all regular subscribers of
the Chronicle. Single copies are sold at $2 per copy.
DANA
79 <t 81
&
CO.,
Publishers,
William Street.
TEXAS d- PACIFIC AND ITS SECURITIES.
In the
June number of the Investors’ Supplement
investigation
New
York
arrangement continued until, on
318
miles
were
in
bonds at the rate of $25,000 a mile were
exchanged
for the old construction bonds which had been issued at
new
an
was made into the status and condition of the I the rate of $40,000 a
Lake Erie & Western second consolidated a mile were
mortgage bonds, which occupy such
Company.
January 1, 1874,
operation and 118 miles more
graded and bridged. The panic of September, 1873, made
it impossible for the Construction
Company to go on with
the work of building the road, since its assets consisted
almost exclusively of Texas & Pacific securities, which were
unmarketable; and in March, 1875, the contract between
the two companies was canceled, and an
agreement entered
into by which the Construction
Company returned all its
Texas & Pacific securities and
exchanged its stock for
that of the railroad company.
Under this agreement, too,
(fiomimraal # ^financial (£,^rnntiU.
B.
1882.
for work done in securities of the Texas & Pacific
SUPPLEMENT
OF THE
WILLIAM
28,
j
mile, and
land bonds at $17,000
given for the old land bonds then outstanding.
under this plan of reorganization that all the securi¬
new
prominent position j It was
in the New York market.
In the August number a simi- ties on what is known as the Eastern Division of the
j
lar inquiry was made into the standing of the Philadel- I Texas & Pacific were
put out, and a description of each
phia & Reading general mortgage bonds, which command issue follows.
as much
First Mortgage Bonds.—These are a first lien on 524
speculative attention in Philadelphia as the Eries
do in New York.
The
various
a
issues
of the
Texas &
miles of road
of Fort
Worth, namely the line east
extensively dealt in and have a wide interest from Fort Worth to the State Line of Louisiana, the line
both in Philadelphia and New York, and as there seems from Marshall to Texarkana, and the northern
line from
to be some confusion in the
public mind as to the precise Texarkana to Fort Worth via Sherman, as also a lien on
standing of the bonds issued under each mortgage, and the leasehold interest of the Texas & Pacific in the Yicks¬
their prospects, it is proposed in the
present article to burg Shreveport & Texas, from Shreveport, La., to the
throw upon the matter whatever
light we may possess, and Texas State line. They were issued at the rate of only
to briefly outline the
leading characteristics of the Texas $8,000 per mile, and while the consolidated bonds and the
k Pacific system.
land bonds (described
below) were to provide for outstand¬
The Texas & Pacific was
organized under an Act of ing liabilities and bonded debt, these were to supply the
Congress passed March, 1871, and it derives its powers and means with which to complete so much of the 524 miles as
franchises from this act and from various
amendatory and still remained uncompleted. They are six per cent gold
supplemental acts passed in 1872, 1873 and 1874, as well bonds, bear date May 15, 1875, and mature March 1,1905.
as from
special grants made direct to the company by the The whole amount authorized was $4,192,000, of which
State of Texas or acquired
by the company through pur¬ $3,361,000 was exchanged for $10,083,000 bonds out¬
chase of, or consolidation
with, other Texas companies standing, or at the rate of one for three; but the
previously chartered. It embraces within itself the South¬ exchange must have been a mere nominal transaction, and
ern Pacific of
Texas, the Southern Trans-Continental Rail¬ could have taken few (if any) of the new bonds out of the
way Company and the Memphis El Paso & Pacific, all treasury, since the greater
part of the 10 millions was
acquired by purchase in 1872-3, the latter of which was in¬ held by the Texas Pacific itself,
having been turned over
corporated by the State of Texas as early as 1856.
to it by the Construction
Only
Company. The mortgage pro¬
66 miles of
road, however, (including 20 miles held under vides for an annual sinking fund of 2 per cent out of the
lease from the
Yicksburg Shreveport & Texas R. R.), had earnings of each year, beginning with the year 1878-79,
been built and
put in operation by these old companies, so and trustees are required to apply the sinking fund to
that almost the whole of the
mileage of the Texas & Pacific the redemption of bonds, the numbers to be drawn by lot,
system as it now exists was constructed under the
auspices and interest on bonds so designated to cease in the hands
of the Texas &
Pacific Company.
of the holders from and after the date of the next
ensuing
At first the work of construction was
carried on by the interest payment, though the company will continue to
pay
California & Texas Railway Construction Company, with interest on the same to the trustees as a further contribution
the idea of
completing the line all the way to San Diego, to the sinking fund. By the operation of this sinking fund,
the western terminus
provided by Act of Congress. The the amount of the bonds outstanding had been reduced to
8tock of the Texas & Pacific was
exchanged into that of $3,969,000 June 30, 1882, but the interest of course is
the Construction
Company, and the latter received its pay unchanged and remains at $251,520 per annum. In case
Pacific
are
east
fr
I IN Vi^TOiiS’
n
SUPPLEMENT.
IVol. XXXV
were earned, nor necessarily on the company’s lines at all
default, if continued for six months, principal becomes
the company having been compelled to locate them pro¬
due, and then the trustees may, and upon the written
miscuously, since ‘ most of the sections adjoining its
of
holders of 1,000 bonds shall, foreclose the mort¬
gage. The trustees named in the mortgage are Matthew
Baird and Samuel M. Felton; but the former having died,
has been replaced by George D. Krumbhaar.
request of
Consolidated Mortgage
Si!
;■
Bonds.—These
are
six per cent
gold bonds, issued first of June, 1875, and payable in
1905.
They are secured by a second mortgage on the
same property covered
by the first. The total amount
authorized is $13,100,000, being at the rate of $25,000 per
mile on 524 miles, but $4,192,000—$8,000 per mile—were
reserved to take up that amount of 1st mortgage bonds.
As fast as 1st mortgage bonds are redeemed by sinking
fund, it would appear that a corresponding amount of
consols is issued to take their place, for the total of
the two issues is kept at $13,100,000.
This, indeed, is a
privilege granted the company by the consolidated mort¬
gage, and relieves it from the necessity of meeting the 1st
mortgage sinking fund with cash out of net earnings.
As in the case of the 1st mortgage, if there is default; and
it continues for six months, the whole principal becomes
due, and the trustees may, and upon the written request
of the holders of 1,000 of the bonds shall, foreclose the
mortgage. There is provision for a sinking fund of one
per cent from and after 1885, but the language used is
significant. In effect it differs materially from that in
the first mortgage.
This is all the more noteworthy that
the two mortgages are in almost all particulars alike as far
as verbiage
is concerned—identical phrases and words
being used wherever possible—which makes it apparent
that the change in the sinking fund provision of the consol¬
idated mortgage was designed, with the intention of avoiding
embarrassment to bondholders.
Article 8 of the 1st mort¬
bonds shall be designated and
the holders of the bonds so
designated shall have until the date of the next interest
payment to present the same to the trustees, who shall
gage, after setting out how
notice given, says: “And
value thereof; and if not'pre¬
sented by that date the interest upon the same shall cease ”
Further on it is provided, as stated above, that the company
shall continue to pay to the trustees the interest on the
redeem the
same
at the par
Article 8 of the consolidated mortgage
bonds canceled.
holders of the bonds so designated
until the date of the next interest pay¬
ment to present the same to the trustees, who shall redeem
the same at the par value thereof,” and nothing is said
about interest ceasing in case of non-presentation.
The
says:
“And the
shall have the option
conclusion
is therefore unavoidable that the holders of
bonds called
need not present
them for payment unless
they choose, and can draw interest on them after, the same
as before, the call.
There are at present $9,131,000 of
these consolidated bonds outstanding, on which the annual
charge is $547,860. The trustees under this 'mortgage
are
the
same as
Income
is for
I?
1
and
under the 1st mortgage.
Land Grant Mortgage.—This mortgage
$8,908,000,
or
at the rate of $17,000 per mile on 524
of date May 15, 1875, and mature
previously entered upon by other parties
The company has made, and is making, but very few sales
There are large quantities, of State lands, granted to
schools, asylums and universities, being offered for sale at
$2 an acre, and with these the company is not willing to
compete; so it is not likely that the land grant will be
immediately available.
There is some discussion as to the obligation of the
company to pay interest on these income bonds. The
bonds, besides having a third lien on the property, also
road
have
had been
a
third lien
on
Unlike most
income bonds, which have
the income of the road.
controversies about interest on
become of such frequent occurrence, the
present does not turn upon the interpretation of the term
net earnings.”
It seems to be admitted that-net earn¬
ings have been insufficient to pay interest on the bonds.
But the point raised is whether the company is not bound
to pay interest regularly in any event.
Those who make
of late
years
“
such
a
claim base -their arguments on a sentence
in the
that if net earnings are not sufficient
7 per cent interest (the interest is payable annually)
on the bonds, the company may make payment in scrip.
Reference to the mortgage, however, discloses the fact that
the language is clear and. explicit, and does not sustain
such an interpretation.
The section referred to is as
mortgage which says
to pay
follows:
“In
case
such net earnings
shall not in
any one
sufficient to enable the company to pay 7 per cent
on the outstanding bonds, then scrip may, at the
option of the company, be issued for the interest;
such scrip to be received at par and interest, the
same
as
money, in payment for any of the com¬
pany’s lands,' acquired as aforesaid, in Texas, at the
ordinary schedule price, or it may be converted into
capital stock when presented in amounts of $100 or its
multiple.” The part italicized clearly leaves it wholly dis¬
cretionary with the company whether scrip shall be issued
or not.
But the further point is made, that interest is
cumulative.
As to this there would appear to be little
room for doubt.
The foundation for the claim rests in
year be
interest
quotation from the mortgage: “ This bond also will be
received by the company at par and accrued interest in
payment or exchange for any of its lands covered by the
mortgage.” The important part of this is that it says “at
par and accrued interest.”
If accrued interest means 7 per
cent for each and every year unpaid, as would seem to be
the case, the interest certainly is cumulative.
However,
much would depend upon the interpretation given the
phrase by the company, and as to this it is sufficient to
know that the company's officers in this city are of the
opinion that in exchange for lands the interest does
accrue at the rate of 7 per cent for each and every year
unpaid. But as to the company’s being obliged to declare
a
scrip dividend every year—that is, we think, clearly
unwarranted.
If interest is allowed to accumulate year
this
formidable sum; but
advantage over making scrip divi¬
in 40 years—January 1, 1915.
They are a first mortgage
dends each year—it avoids double or compound interest,
the lands acquired or earned in the construction of the
524 miles east of Fort Worth, and they are a third mort¬ since the scrip bears interest the same as the bonds, and thus
the company would have to pay interest on interest.
gage on the same portion of the road, being preceded by the
miles.
The bonds
are
after year, it will soon
there seems to be this
amount to a
on
1 =t
and
consol
acres
that
above.
Tin
lam
was
the State is stated at
The
sketched
estimated at 7,600,000 acres, but in the
report of the company the total amount received from
mortgaged
last
mortgages
5,487,382
acres,
of which 4,666,845
unsold July 1.
covered by the mortgage remained
peculiarity about these lands is that they are not on
portion of road by the construction of which they
terminating July 1, 1881, the
paid regularly in scrip; but in some of the
earlier years there was a reason for this which no longer
exists, and has not existed for two years. The bonds under
the present mortgage were issued in exchange for the old
land bonds of 1872, authorized to the amount of 20 mil
lions, of which $9,252,000 had been issued. This latter
Until the end of the year
interest
was
• ••
OctObbh.
INVESTORS’
1882.]
SUPPLEMENT.
which had been held by the
old California & Texas Construction Company, was to be
exchanged, as offered, for the new bonds at par and accrued
interest to the time of presentation. Now it would have been
manifestly unfair to those holders who promptly exchanged
their bonds to deprive them of interest (as if to punish
them for their alacrity in accepting the company’s proposi¬
tion), while those who had been holding back were receiv¬
ing interest right up to the date of making the exchange.
amount,
all except $2,254,000,
only $02,000 of the old land bonds are now still
out, this is no longer a moving consideration.
The proceeds from the sales of land are not' applicable
to interest, but constitute a sinking fund for the redemp¬
tion of the bonds.
And in applying this, the trustees are
But as
111
the limits of the reservation.”
It would
seem
from this,
therefore, that the Rio Grande Division bonds have not a
very formidable land grant to fall back on; so the privilege
to exchange the bonds for lands at par and accrued interest
does not count for much.
The same may be said as to
the provision that proceeds of land sales shall go to sink¬
ing fund. The bonds bear 6 per cent interest, payable
semi-annually, and do not mature until February 1, 1930.
Should there be default in the payment of interest, and
the default continue for one year, the principal shall, at
the option of one-third in interest of
the bonds out¬
standing, become due, and in that event the trustee is
required to foreclose the mortgage. A sinking fund of
is to begin with the year com¬
mencing June 1, 1890, but the holders of two-thirds the
bonds may set aside this provision or annul it altogether.
It is also provided that in case the company is unable to
fulfil the sinking fund requirement, the holders of onethird the bonds may suspend its operati n, not exceeding,
however, five years at any one time. If called for redemp¬
tion 105 will be paid for the bonds, numbers are to be
drawn by lot, and interest ceases in the hands of the
holders after the day fixed for redemption, though the
company is to pay interest to the trustees on the bonds
redeemed.
At present there are outstanding of the Rio
Grande Division bonds $13,028,000, requiring $781,680
one
per
cent per annum
required first to advertise, inviting written proposals for
the sale to them of bonds, and failing to receive offers at
less than par, they are required to designate bonds by lot,
and after GO days’ notice interest thereon ceases.
There
is a provision in the mortgage providing for .foreclosure,
but only in case of default on the principal and not on the
interest, and it requires the trustees to sell the land unsold
and use the proceeds in the payment of the bonds.
The
trustees of the mortgage named in the deed are W. T.
Walters and Geo. D. Kruinbhaar; but these gentlemen
have been replaced by C. E. Satterlee and George J. Gould.
At present there are $8,784,000 bonds outstanding, calling
for $614,880 annual interest.
There is a supplemental annual interest.
New Orleans Pacific.—In addition to the lines built
mortgage of date March 23, 1876, but it merely supplies
by itself, the Texas & Pacific has acquired by consolidation
an omission in the original mortgage,—namely, that the
.
bonds shall be
a
third lien
on
the road east of Fort Worth the
335 miles of the New
Orleans Pacific road from Shreve¬
The consolidation was effected
port to New Orleans.
June, 1881, and by its terms the Texas & Pacific issued an
Rio Grande Division.—All the above indebtedness was
incurred on the lines east of Fort Worth.
In building equal amount of its own stock in exchange for that of the
The road was incomplete at the
the line west of Fort Worth, of course new debts were New Orleans Pacific.
as
well
as on
the
earnings.
consolidation, but has since been completed,
and was opened to business September 15, 1882.
The
Railway Improvement Company, a Connecticut corpora¬
Texas & Pacific, having become owners of the property, of
tion, under a contract with the Texas & Pacific, by which
the Construction Company was to receive $20,000 in bonds course will have to assume the New Orleans Pacific debt;
created.
This Western Division was built
by the Pacific
time of the
so that the latter’s 1st mortgage bonds—the only mortgage
(out of $25,000 authorized) and $20,000 in stock for
every mile of road built and equipped.
The bonds are in on the road—will have to be included in an outline of the
Texas & Pacific’s different classes of bonds. .The New
one issue, called Rio Grande Division bonds, and following
Orleans Pacific 1st mortgage gold construction bonds have
is a description of them.
The mortgage is to the Fidelity Insurance, Trust & Safe a first lien on the property and equipment of the New
Orleans Pacific, but not upon any land that may accrue to
Deposit Co. of Philadelphia, as trustee, and covers the line
Nor does the mortgage cover any branches
from Fort Worth to El Paso, and the total amount of the Company.
that may be constructed, other than the three mentioned
bonds authorized under it is $15,400,000. The bonds
also have a lien on the lands acquired in constructing this in the deed—namely one to the Texas State line, another
Rio Grande division, but it is doubtful whether any more to the town of Opelousas and a third to Baton Rouge.
lands are available for this purpose within the company’s The bonds are at the rate of $20,000 per mile and are
They bear 6 per cent interest, pay¬
reservation.
In the report for 1876-7, to correct erroneous payable July 1, 1920.
able semi-annually, and $7,100,000 altogether are author¬
impressions as to the extent of the company’s land grant,
the President, Mr. Thomas A. Scott, remarked that, “ as ized ($20,000 per mile on 355 miles to be constructed).
near as can be ascertained, there were but 15,482,160
$384,000 of the bonds were used to take up bonds outstand¬
acres of vacant land within the limits of the reservation
ing under a previous mortgage. As in the case of the Rio
granted to this company by the act of May 2d, 1873, of Grande Division bonds, if default occurs, and continues
"which one-half were set apart for the school fund, leaving for a year, the whole principal shall at the option of hold¬
*1,741,080 acres that it was possible for the company ers of one-third the bonds outstanding become due, and in
the trustee shall foreclose the mortgage. A
to
acquire.”
In the next paragraph it is stated that that event
■°f this
possible amount, 1,539,840 in the reservation sinking fund at the rate of one per cent per annum is to
£ast of the Pecos River had been rejected.
Two years begin with the year commencing June 1, 1890, but the
later, in%the report, for 1878-9, after stating that a operation of this provision may be suspended in the way,
certain number of unlocated certificates had been located and in precisely the same manner, as in the case of the
during the year, Mr. Frank S. Bond, then officiating as Rio Grande Division bonds—one-third in interest being
Wee-President, made this significant and unequivocal necessary to suspend it, in case the company is unable to
statement: “ Prom the reports of agents charged with the pay the amount called for, and two-thirds to annul the
duty of exploring the company’s reservation, it is believed provision altogether. Bonds are redeemable from sinking
from the day fixed
UP, and that it would not be profitable, under any circum¬ for redemption, but continues to the trustee as a further
stances, for your company to make further locations within sum for the sinking fund. The amount of these bonds
that all the desirable lands therein have now been
taken
fund at 105
or
less, and interest ceases
INVESTORS’ SUPPLEMENT.
IV
outstanding is $6,720,000 and the interest on
$403,200.
now
is
NET
INDEX TO NAMES OF RAILROADS.
the same
EARNINGS.
interesting inquiry is as to the company’s earnings
on the different divisions, with the amount applicable to
each class of bonds; but unfortunately the information here
x
FORMER NAME.
labarua A Tennessee River
WILL NOW BE FOUND UNDER
....Selma Rome A Dalton.
Improvem’t Co...Central of New Jersey.
Androscoggin A Kennebec
Maine Central.
American Doek &
Arkansas
The New Orleans Pacific was fully
opened only as recently as September 15, so there is
nothing to be said about its earnings, and it is not the
province of this article to deal in conjectures as to what
its business will be.
The Rio Grande Division, too, has
been open only a short time.
In a brief statement fur¬
Denver A Rio Grande.
Valley
meagre.
very
18769-0
~
For reference to the former name of any company that has
been consolidated or reorganized the following is prepared :
An
is
[vor.. XXXV,
nished the Chronicle in common
with other papers
estern.
Norfolk A Western.
St. Louis A San Francisco.
Marietta A Cincinnati.
Atlantic Mississippi A Ohio
Atlantic A Pacific
Baltimore Short-Line
Bay City A Saginaw
Bellefontaiue A Indiana
Beloit A Madison
Berks County
Boston Hartford A Erie
Buffalo A Erie
a
Flint A Pero Marquette.
Ohio Railroad.
Chicago A Northwest.
...Philadelphia A Reading.
New York A New England.
Lake Shore A Michigan Southern.
Chicago Burlington A Quincy.
Burlington A Missouri
Missouri Pacific.
Missouri Pacific.
Cairo Arkansas A Texas
Cairo A Fulton
of the operations of the Texas & Pacific for California A Oregon
Central Pacific.
United Companies of New Jersey.
the earnings on the Rio Grande Division Camden A Amboy*
Cape May A Millville
West Jersey.
for the five months from February 1, 1882, to July 1? Central Branch Union Pacific
Central Branch Union Pacific.
Central of Long Island
Flushing North Shore A Central.
:
Vermont Central.
1882, are given at $848,754 gross and $313,880 net. On Central Vermont
Wab. St. Louis A Pacific.
The Cham. Havana A West
this basis the net for 12 month-' would be $753,312.
Charleston A Savannah
Savannah A Charleston.
Chicago
Wabash St. Louis A Pacific.
interest charge on the bonds of that division is $781,680. Chicago Cincinnati A Louisville
Clinton Dubuqe&Minn
C. M. A St. Paul.
Columbus Cliic. A Indiana Central,
A large proportion of the earnings on this division must Chicago A Great Eastern
Chicago A Illinois River
Chicago A Alton.
Chicago A West Michigan.
be derived from through business, and very soon the Gal¬ Chicago A Michigan Lake Shore
Chicago A Milwaukee
Chicago A Northwest.
Illinois Central.
veston Harrisburg & San Antonio (Southern Pacific line) Chicago A Springfield
Chicago Rock Island A Pacific.
Chicago A Southwestern
Chic. St. Paul Miuu. A Omaha.
will be completed all the way from El Paso to Houston, Chic. St. Paul A Minn
Cincinnati A Baltimore
Marietta A Ciuciuuati.
Galveston and New Orleans, when through business will Cincinnati A Chicago Air-Line ......Columbus Chic. A Indiana Central.
j Cincinnati A Indiana
;.Cin. Indianapolis St. Louis & Cliio.
Cin. Indianapolis St. Louis A Chio.
have to be divided between it and the Texas & Pacific. Cincinnati Lafayette A Chicago
j Clayton A Theresa
Utica A Black River.
On the lines east of Fort Worth the earnings are reported | Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Painesville A Ashtabula.. L;Uf:e Shore A Michigan Southern,
Lake Shore A Michigan Southern.
at $3,438,978 gross and $809,125 net for the 13 months Cleveland A Toledo
Columbus A Indiana Central
Columbus Chic. A Indiana Central.
ended July 1, 1882.
This would make the net for 12 Columbus A Indianapolis Central...Columbus Chic. A Indiana Central
Columbus A Toledo
Col. Hocking Valley A Toledo.
months $746,880.
Hartford A Connecticut Western.
The interest on the 1st mortgage is Connecticut Western
Kentucky Central.
Covington A Lexington
Sioux city A Dakota.
$251,520 and on the consolidated mortgage $547,860, or Dakota Southern.
Danville A Vincennes
Chicago A East. Illinois.
$799,380 together. For the previous fiscal year no annual Davenport A Northwest
Chicago Milwaukee A St. Paul.
Decatur A East SULouis
Wabash St. Louis A Pacific.
statement whatever was given out, but Poors Manual Delano Land Co
Lehigh Valley.
Denver Pacific
Union Pacific.
gave the gross at $3,201,777 and the net at $593,756. Detroit A Bay city
...Michigan Central.
A Eei River
Eel River.
The ratio of expenses to earnings, it will be seen, is unusu¬ Detroit A Milwaukee
Detroit
Detroit Grand Ilaven A Milwaukee.
.Lake Shore A Michigan Southern.
Detroit Monroe A Toledo
ally'heavy in both years. The company had considerably Detroit A Pontiac
Detroit Grand Haven A Milwaukee.
Chicago Burlington A Quincy.
larger net earnings in the year immediately preceding, and Dixon Peoria A Hannibal
Chicago Milwaukee A St. Paul.
Dubuque Southwestern
to bring out this fact wTe give the figures for the lines east
Easton A Amboy
Lehigh Valley.
short time ago,
i
the late fiscal year,
.
of Fort Worth for six years
East Tennessee A
East Tennessee A
past.
Virginia
Erie
Tear.
Mileage.
Gross
Earnings.
Net eat'nings.
415
$2,043,453
$513,953
2,331,310
2,136,144
675,550
1876-79
444
444
2,569,222
3,201,777
3,438,978
1,045,704
1881-82 (13 months).
444
516
537
capital stock, the
millions, and at the present
standing.
As to the
amount
time
544.916
593,756
809,125
authorized
is
50
$31,947,000 is out-
READING'S GENERAL MORTGAGE BONDS.
We have
just received the following letter from Mr. F.
B. Gowen in London.
The Philadelphia & Reading Railroad Company,
London Agency, 43 Coleman Street,
n
To the Editor
12.)
London, E. C., October 11, 1882,
of the Commercial and Financial Chronicle:
Sir—I have just read in the Investors’ Supplement of
26 the article upon the Philadelphia & Reading
August
general
mortgage bonds.
With reference to the doubt therein
thrown upon the right of the company to pay off the entire
loan under the power reserved to increase the sinking fund, and
would have been considered
“illegal, or at least very sharp practice,” if an attempt had
in
East Tenn. Virginia A Georgia.
East Tenn. Virginia A Georgia.
New York Lake Erie A Western.
Georgia
answer
to the criticism that it
been made to pay the bonds within one year
will you kindly permit me to say—
after their issue,
First— That the power to increase the sinking fund was
reserved for the very purpose of enabling the company at the
end of any year to pay off the entire loan.
Second—That each of the two prospectuses under which the
bonds were issued to the public, contained a notice that the
company reserved the power to increase the sinking fund.
Third—That payment of the bonds in full at par. at any time,
even within a year of their issue, would have worked no injus¬
tice to the subscribers, for the reason that under the two
prospectuses above referred to, issued in 1874 and 1876, the
bonds were issued at 90 per cent and 93/£ percent, respectively,
of their par value in sterling at 4 shillings to the dollar, and
payment in full at par in gold dollars would have been of very
great advantage to the holders.
I am, dear sir, very respectfully yours. &c.,
Franklin B. Gowen, President.
Essex
Eastern (Mass.)
•.
Evansville A Crawfordsville
...Evansville A Terre Haute.
Evansville Henderson A Nashville..Louisville A Nashville.
Evansville A Terre Haute
Chicago A East. Illinois.
Flint A Holly
Flint A Pere Marquette.
Florence El Dorado AW
Atchison Topeka A Santa Fe,
Florida Central
Florida Central A Western.
Lowell A Framingham.
Framingham A Lowell...
Frankfort A Kokomo
Galena A Chicago Union
Grand Rapids New A L. Shore
Grand River Valley
Great Western (Ill.)
Green Bay A Minnesota
Greenville A Columbia
Hannibal A Central Missouri
Toledo Delphos A Burlington.
Chicago A Northwest.
Chicago A West Michigan. ,
Michigan Central.
Wabash St. Louis A Pacific.
....Green Bay Winona A St. Panl«
....Columbia A Greenville.
Missouri Kansas A Texas.
Hannibal A Naples
Harlem A Portchester
Hastings A Dakota
Holly Wayne A Monroe
Holyoke A Westfield
Houston A Great Northern
Hudson A River Falls
Illinois Grand Trunk
Illinois A Southern Iowa
Indiana A Illinois Central
Wabash St. Louis A Pacific.
New York Newr Haven A
Hartford*
Chicago Milwaukee A St. Paul.
Flint A Pere Marquette.
New Haven A Northampton.
Missouri Kansas A Texas.
Chic. St. Paul Minneap. A Omaha.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Indianapolis Decatur A Springfield
Bloom. A West. Exten.Champaign Havana A Western.
A Cincinnati
Cin. Indianapolis St. Louis A Cliio.
t in. A Lafayette
Cin. Indianapolis St. Lnuis A Chio,
A Madison
Jeffersonville Madison A Ind.
International A Great Northern
Missouri Kansas A Texas.
Ionia A Lansing
.’
Detroit Lansing A Northern.
Burlington Cedar Rapids A North*.
„Iowa City A- Western
Indianapolis
Indianapolis
Indianapolis
Indianapolis
Iowa
Iowa
Iowa
Iowa
A Dakota
Midland
A Minnesota
South. A Missouri North
Jackson Lansing A Saginaw*
Jamestown A Franklin
Joliet A Chicago
Kalamazoo Allegan A Gr. Rapids
Kalamazoo A Schoolcraft
Kalamazoo A South Haven
Kalamazoo A White Pigeon
Kansas City A Cameron
Kansas City A Eastern
Kansas City St. Jos. A Council B
Kansas City St. Louis A Chic.
Kansas City Topeka A Western
Kansas A Nebraska
Kansas Pacific
Lackawanna A Blooinsburg
Chicago Milwaukee A St. PauL
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
Chicago Rock Island A Pacific.
Michigan Central.
Lake Shore A Michigan Southern
Chicage A Alton.
..Lake Shore A Michigan Southern
Lake Shore A Michigan Southern.
Michigan Central.
Lake Shore A Michigan
Southern.
Hannibal A 81. Joseph. #
Missouri Pacific.
Chicago Burlington A Quincy.
Chicago A Alton.
Atchison Topeka A Santa Fe.
-..St. Joseph A Western.
Union Pacific.
Delaware Lackawanna
,
A Western.
Lafayette Bloomington A Muncie...Lake Erie A Western.
Louis
Wabash St. Louis A Pacific.
Leavenworth Atchison A N’west
Missouri Pacific.
Lake Erie Wabash A St.
of this index*
an<*
FW* Want of space'compels us to omit the remainder
found in full, however, in the August Supplement,
changes have been made necessary since then.
It will be
_
STOCK AND
BOND
TABLES.
X O T E S.
expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below :
rtpjtrriDtion—Railroads leased to others will sometimes be foifhd under the lessee’s name. The fo’lowing abbreviations frequently occur, viz.:
M. to, "mortgage.” s. r. for “sinking fund,” l. gr. for “ land grant,” reg. for “ registered,” coup, for “ coupon.” Br. for “Branch,” guar. for
‘‘guaranteed." Hind.for “endorsed.’
“ Coupon* indicates that the bonds are coupon, but may be registered.
Date of Bonds—The date of issue is referred to in this column.
Miles of Road—Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite bonds, the miles covered
These
tables are
s
by the mortgage.
778888111
1802019
dollars, showing the denominations or par value. The figures “ 100, Ac.,” signify $100 and larger.
is given for bonds, but the per cent of last dividend for stocks; a means gold; x, extra; s, stock or scrip.
Payable.—J. A J. stands for Jan. A July; F. A A., Feb. A Aug.; M. A S., March & Sept,; A. A O., April A Oct.; M. & N., May A Nov.; J. A T).,
8ize or Bar Value.—These figures are
Rate Per Cent— The interest per annum
When
June A Dec.;
Q.—J., quarterly from January; Q.—F., quarterlvfrom Fel).; Q—M., quarterly from March.
principal xchen due; Stocks, last dividend—The date in this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks
Bonds
STATE
SECURITIES.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tliese Tables.
Date of
DESCRIPTION.,
Size
Bonds.
For
explanations see notes above.
jtoZwwg—Substitution bonds (A) ($7,000,000).
Substitut’n b’ds for RR. (B) ($596,000)
do
'for Ala. A Chatt. (C) ($1,000,<
1876
1876
1876
$100Ac.
100 Ac.
100 Ac.
$6,578,000
539,000
931,000
2,810,670
960,000
Educational funded debt
For fund,
“obligat’ns” (tax-rec’ble 10-20 yrs.)
ArA'awms-Funding bonds of 1869 and 1870..
landing Bonds 1870 fHolford)
Levee bonds (or warrants)
:
Old unfunded debt, including interest
To
To
To
To
To
Memphis A Little Rock Railroad
Little Rock A Fort Smith Railroad
Little Rock, Pine Bluffs A N. Orleans RR..
Miss., Ouachita A Red River Railroad
Arkansas Ceutral Railroad
California—Soldiers’ relief
State Capitol bonds
Funded debt bonds of 1873
Connecticut— War bonds, 20 year
]
War bonds, 20 year
Coupon
do
not taxable, 20 year.. V
or
Bonds, 10-20 year
1 regist’d.
New bonds for $500,000 (sink, fd.) 1
Delaware.—Refund’g.bds., ser. “A,” “ B” A “C”
Dist.of Columbia- Perm’t imp’t, gold, coup
Permanent improvement bonds, coupon
Bds for fund’g (Act June 10, ’79) coup, or reg.
Fund, b’ds (LI.S.guar.,Acts June,’74A Feb.,’75)
Market stock, coupon
Water stock bonds, coupon
Wash, fund’g. gld,($660,000 are M. AN.,1902).
Florida—State bom la
Consolidated gold bonds
Georgia—Atlantic A Gulf Railroad bonds.;
Bonds, act of Mar. 12, ’66 (renewal W. A A.)..
Quarterly gold bonds, act of Sept. 15, 1870..
Bonds, act of Jan. 18, ’72
Bonds for funding (Act Feb. 19, ’73)..
Bonds to fund coupons on endorsed bonds...
Bonds exchanged for endorsed RR. bonds
Indiana—Bonds,
1880
1869 to ’70
1870
1871
1838 to ’39
1875
1869
1870
1870
1870
1870
1863
1870 A ’72
1873
1863
1864
1865
1877
1883
1881
1872
1873
1879
1874
1872
1871 to ’73
1872
1871
1873
1866
1866
1870
1872
1873
1876
1877
1879
coup, (pay’ble after Apr. 1,’84)
8chool fund bonds (non-negotiable)
Kansas—Bonds, 1861 to ’69, funding, Ac
1861 to ’69
1861 to ’75
it ary loan.
1864 to’65
Bj^nds for various State purposes
■A\
1,000
1,000
100 Ac.
j
1,0; o
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
....
500 Ac.
1,000
1,000
100 Ac.
1,000
500 Ac.
100 Ac.
100 Ac.
50 Ac.
50 Ac.
1,268,000
1,986,773
1,985,955
427,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
95,500
500,000
2,796,000
877,000
1,318,500
1,741,100
1,031,000
715,000
3,911,300
655,500
989,300
14,012,000
150,000
374,000
1,000
100 Ac.
1,877,550
1.000
1,000
500
500 Ac.
1,000
1,000
350,000
925,000
300,500
3,600,000
2,097,000
307,500
500,000
542,000
250Ac.
1,000
1,000
....
....
Rate.
3 Ac.
5
4 Ac.
2,298,000
585,000
3,904,783
lOOAc.
100 Ac.
....
Alabama—The State gave 30-year bonds, dated July 1,1876,
bearing
till 1881, then 3 per cent till 1886, 4 per cent till 1896, and §
2 per cent
Ser cent for last 10 years, for old bonds, endorsed any allowance for pastcoupons. Alabama A Chattanooga without bonds were exchanged
ue
101,175
773,000
307,500
Payable
J.
J.
J.
J. A J.
J. A J.
J.
J.
J.
JJU0.
Whom.
Y., Importers’ A Tr. Bk.
do
do
do
do
July 1, 1906
July 1, 1906
July 1,1906
A
6
6
7
7
7
7
Principal—When
Where Payable and by
A J. N.
A J.
A J.
6
6
6
7
1,850,000
....
1,000
INTEREST.
Amount
or
I'nr
Value.
A
A
A
A
A
A
A
A
N.
Montgomery.
Y., Union Trust Co.
Jan.
1, 1900
1899
1900
J.
de
*
do
1900
J.
1860
J. New York, Nat. City Bank.
1905
A.
O.
N. Y., Union Trust Co.
1899
A.
0
do
do
1900
A.
O.
do
do
1900
A.
O.
do
do
1900
7
A.
O.
do
do
April, 1900
7 g- J.
J.
Sacramento, Treasury.
1883
7 g. J. A J.
do
do
1885
6 g.
J. A J.
do
* do
1893
6
J. A J.
Jan. 1, 1883
Hartford, Treasury.
6
J. A J.
do
do
Jan. 1, 1884
6
A. A O.
do
do
Oct. 1, 1885
5
M. A N.
do
do
May 1, 1897
3L>
J. A J.
do
do
"1903
4
J. A J.
Phila., Pliila. IN at. Bank.
1886,1891,1901
6 g. J. A J. Wash, or N. Y., U. S. Treas.
July 1, 1891
7
J. A J.
do
do
July 1, 1891
5
J. A J.
do
\
do
July 1, 1899
3(>5
F. A A.
do
do
Aug. 1, 1924
7
J. A J.
do
do
July 26, 1892
7
J. A J.
do
do
Oct. 1,1901 to ’03
6 g.
J. A J.
do
do
1892 A 1902
7
N.Y., Donnell, Lawson A Co.
Jan. 1, 1901
6 g. J. A J.
do
do
.Ian. 1, 1903
6
F. A A. N. Y., Fourth National Bk.
Feb. 1,1886
7
J. A J. N. Y., National Park Bank.
May, 1886
7 g.
do
do
Q.-J.
Oct., 1890
7
J. A J.
do
do
July, 1892
8
A. A O.
do
do
April 1, 1886
7
J. A J.
do
do
July 1, 1896
6
J. A J.
do
do
Jan. 1, 1889
5
A. A O.
N. Y., Winslow, L. A Co.
April 1, 1889
6
Various
do
do
6
N. Y., Am. Exch. Nat. Bk.
July.
1883 to’84
7
J. A J.
do
do
1884 to’99
7
J. A J.
do
do
1884 to ’99
$165,000, redeemable July, 1891 to 1901. There is no State tax levied,
nor assessments made by State officers.
(V. 32, p. 500.)
District of Columbia— The 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 la
limited to $15,000,000.
Real and personal estate, Ac., has been
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 cent. In 1880 the new 6
per cent bonds were assessed
issued to retire old 8 per cent “ State
obligations.”
Analysis of the
debt and fundiug operations was given in the
Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8
per cent bonds issued to the Ala. A Chatt.
RR. under act of Feb. 11,
1870, the State gives the lien on the lands,
as
follows:
Real Estate.
fanted to that railroad, 500,000 toassessed valuation of real estate and
mills; 1880-81, 6*2 mills. The 1,200,000 acres. Tax rate, 1879-80,
Personal.
$97,609,890
87,491,442
87,980,356
88,953,078
90,308,495
$17,239,051
13,363,920
Tax Rate.
$15
15
15
15
15
10.895,712
9,666,272
personalty was $126,773,262 in 1878, $123,757,072 in 1879, and
—(V. 32, p. 69.)
$139,077,328 in 1880. (V. 32, p. 182.)
Florida—Less the sinking fund of $150,700, the total debt is $1,125,The State Supreme Court decided Levee bonds of 1869 and
300, which does not include $132,000 bonds of 18 >7, held by Indian
1870 invalid. The State is in default for
interest, except on the secured Trust Fund. About
$460,000 of the bonds are held in school funds, Ac.
fund bonds (Loughborough) issued under the law of December.
Coupons of the consolidated bonds are receivable for taxes. Real and
1874. Assessed valuation of taxable
property in 1881 $41,843,803 real
personal property assessed in 1879 at $30,938,209; in 1881, $36,691,
estate and $58,445,111
personal, and tax rate 7*2 mills. The following 823.
are the latest official
(V. 32, p. 100.)
assessments:
Georgia.—The constitutional amendment in 1877 declared void several
Personal.
Real Estate.
Tax Rate.
issues "of bonds and railroad endorsements. There were issued $400,000
$61,892,881
$31,971,308
10
4 per cent bonds in 1880, but all except $107,000 taken up and canr
55,713,115
32,366,893
7
55,351,488
32,613,686
7*2 celed in that year. Assessed value and tax rate per $1,000 have been.
1881-41,843,803
Years.
Real Estate.
58,445.111
7*2
Personalty. [Rate of Tax. Total Debt.
-(V. 32, p. 566 ; V. 33, p. 328,
525, 488, 573.)
$134,635,886
$91,585,832
$5‘00
$10,444,500
134,244,081
350
90,849,338
9,951,500
^Sir^-The State holds in trust for School and University funds
tne $o00,000
139,657,250
Capitol bonds and also bonds of 1873, in all $2,690,000.
99,276,376
350
Assessed valuations and rate of tax
148,057,233
106,195,395
3
per $1,000 have been:
i o-oar8’
Personal.
Tax Rate. -(V. 34, p. 88.)
Real Estate.
}8'8
$458,172,198
Indiana.—Indiana made a compromise with her bondholders in 1846
$128,780,824
$6*20
466,273,585
}8™
118,304,451
550 giving them State stock for one-half of their bonds and overdue coupons,
}g8?
460,694,217
149,656,007
640 and Wabash A Erie Canal stock for the balance, about $7,500,000. There
1881
4 64,082,851
146,180,978
655 are also outstanding $340,000 5 per cent bonds, due 1901, held by Pin>
Connecticut.—The debt of Connecticut was all created originally for due University. Valuation, 1881, of taxable property: Real estate,
war
purp°ee8. Assessed valuation and tax rate per $1,000 have been :
$541,110,434; personalty, $220,858,701.
i c-Q8’
Real Estate.
Personalty.
Tax Rate.
Kansas— Kansas has but a small State debt.but the issue of municipal
}£i8
$235,412,691
$99,970,163
1*50 bonds was about
$13,000,000.
The valuations (at one-half of true
228,987,700
1 50 value)
95,901,323
have been:
10_-
.
fJSV
-
'
$327,182,435
;
•
'
$332,170,856
assessed valuation of real estate is about 70
per cent
-(V. 3d. p.
131.)
Thp
e
qc
1-50
of the true value.
-,lhe8e refunding bonds issued July, 1881, take up outdebt. Series “A” are $250,000, redeemable
July, 1882 to
ooo, senes “
B,” $300,000. redeemable July, 1886 to 1891 ; series “C.’’
Years.
1877
1878
Real
Estate.
...$97,483,242
97,567,623
Personal
Property.
$39,997,287
41,131,187
43,700,545
52,469,638
101,229,734
108,101,123
—State funds hold $716,950 of the bonds.
Rate of Tax
per
$1,000.
$5 50
5 50
5 50
5 50
Total
Debt.
$1,181,975
1,181,975
1,181,97
1,181,97
Subscribers will confer a
great favor by
Bonds.
explanation see notes on first page of
tables.
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various
giving immediate notice
Date of
DESCRIPTION.
For
SECURITIES.
STATE
n
Size or
par
Value.
railroads
1866
1867
1870.
1866
Levee bonds—Act 35 of 1835
do
Act 115 of 1807
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 8t. Treasurer
do
to N. Orleans, Mobile A Chatt. KK
to N. Orleans, Mobile it Texas HR
do
N. O. Mob. it Texas RR. bonds, end. by State
outstanding.
$333,300
500
100 Ac.
1869
1857
1870
1871
1869
1874
1880
1863
18641868
1880
1838
below)
| Coup.
J
Municipal war debt assumed
Four per cent bonds, coupon
Maryland—Baltimore it Ohio Railroad,
Chesapeake it Ohio Canal, sterling
reg.
sterling
Railroad
Chesapeake it Ohio Canal..
Baltimore it Susquehanna Railroad
Annapolis it Elkridge
Defense Bounty Loan
Railroad
Certificates of indebtedness for
Deaf and Dumb Asylum Loan.
$3,000,000...
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
.Massachusetts—Coast Defense Uioan
Bounty Fund Loan
Bounty Fund Loan
do
do*
War Loan,
sterling
1839
1837
1870
1839
1839
1868
1882
1870 A ’74
1872 A ’76
1872
1878
1863
1863 •
sterling
do
home
sterling
do
1875
do
sterling
do
dollar boudt- 1873 to’74
do
1875
do
do
do
1860
Southern Vermont Railroad Loan
Boston, Hartford it Erie Railroad, sterling... 1868 to '69
1874 A’76
Harbor Land Improvement (5-20s)
1874 A ’77
Danvers Lunatic Hospital
1875-’70
Lunatic Hospital, Worcester
1875
New State Prisons, sterling
do
do
do
.
Michigan—Two Million Loan
War Bounty Bonds
Minnesota—State Building loan, coupon
Temporary seed grain loau
Railroad Bonds (not recognized in
full)
Adjustment bonds, (10-30, redeemable,
Missouri—State bonds, proper
Consolidated bonds
University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo it Fulton Railroad
^
1892.
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
Funding bonds
Hannibal A 8t. Joseph Railroad
do
renewal
do
Nebraska—Bonds (.act Feb. 14,1877) coupon...
Hampshire—\Vnr loan, coupon bonds
New
Municipal war loau
Loan or 1879 for refunding
Prison loan
New Jersey— War loan bonds,
War loan bonds, tax free
taxable
do
do
2,33O,()0O
2,826,900
257,000
1,000
1,875,55“
tax free
Louisiana.—The Constitutional amendment
1863
1865
1873
1878
1858
1882
1865 to *66
1868
1872
1874
1854 to’58
1857 to ’59
1.859 to’60
1854 to’59
1853 to ’59
1874
1857 to’75
1874
1877
1864
1872
1879
1879
1861
1863
1864
269,000
■
528,35s
298,435
62,605
3,326,750
(0
225,000
465,000
1,056,304
100 Ac.
500,000
888,000
200,000
1,000
1,000
4,379,500
4,000,744
500 Ac,
£100 Ac
999,944
£200
£200 Ac
500 Ac.
200 Ac.
£500
5,506,952
1,366,500
3,598,540
1,497,980
670,000
1,000
1,300,000
1,000
5,000
200,000
£200
3,599,024
1,000
1,000
1,000
1,500,000
300,000
1,100,000
1,292,280
£500
590,000
1,000
1,000
1,000
1,000
1,000
299,000
;
'
or
.
435,000
2,711,000
401,000
104,000
1,688,000
265,000
503,000
1,000
1,000
1,360,000
2,940,000
1,000
1,000
1,000
1,000
1,000,000
1,500,000
1,490,000
1.000
449,267
1,000
106 Ac,
1,000
600,000
2,206,100
400,000
500
100
100
100
.
Ac.
Ac*
Ac.
Ac.
'
112,000
300,000
902,900
593,400
passed December, 1879>
charge per year for consols is $235,542. To April,
issued were $237,300, 4 per cents, $186,150; and
1882, the 2 per cents
,
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
I.
J.
A.
M.
J.
J.
J.
J.
J.
J.
6
6
6
6
6
6
6
6
6
6
6
6
8
6
6
5
5
6
6
6
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
&
A
St. Paul, Treasury.
J.
do
do
J.
D.
J.
J. N. Y., Bank of Commerce.
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.
do
do
J.
State Treasury.'
O.
Concord or Boston.
S.
.
J.
J.
J.
J.
J.
J.
an
injunction was granted against the State Treasurer to
prevent his
There is considerable overdue interest of
the years 1874 to 1880 inclusive. A suit is pending by the State of New
Hampshire against Louisiana on her bonds. Taxable valuation foji 1881
about $176,000,000.
(V. 32, p. 468; V. 33, p. 23, 743; V. 34, p. 115,
147, 460, 574 ; V. 35, p. 50, 71, 336, 456.)
Maine—The debt January 1, 1882, was $5,801,900.
The sinking
fund $1,436,367.
Tax rate for 1880, 5 mills on valuation of 1870;
diverting the interest funds.
1881-82, 4% mills.
and railroads, and
productive ; the* State
which includes
$16,358,230 Chesapeake A Ohio Canal interest. The State will ex•change the “Defense Loan” at par for new certificates of indebtedness,
to hear interest at 6 per cent until January, 1884, aud 3-65 per cent
afterward, redeemable in 15 years. Assessed, valuation. Ac., have been :
Years.
Real A Personal. Tax per $100.
$478,468,028
174c.
1878...
?
464,425,790
184c.
466,637,502
184c.
1879
Maryland.—The State lias largely assisted canals
holds $3,675,325 of stocks aud bonds ranked as
also holds $26,112,298 in unproductive securities,
459,187,408
1830
461,459,939
184c.
184c.
-
.
July 1, 1883
Optional.
Dec.. 1887
1912
1883
.......
do
do
Bost.,Nat.Bk.Commonw’ltli
do
do
1888
July, 1892
April 1,1894
1882
1882
1889
1832
to ’88
to’89
to’90
to’89
1886 to’89
July, 1894 &’95
1887 to ’95
1894-D-6
April 1,1897
Sept,, 1884 &’89
Jan., ’92 to 1905
July 1, ’89-’90-’91
July, 1882 to'91
Jan., 1881
Jan., 1886
Jersey City.
to’84
to'96
Jan.,’97 to 1902
do
do
1
fund
and
debt is practically extinguished, as the sinking
meet the debt. Equalized valuation of real
personal property, 1881, about $810,000,000, and tax rate for State pur¬
poses 1 4-10 mills on the $1.
Minnesota.—All the old State bonds are held by the permanent
fund.. Minnesota refused to recognize the “State Railroad
1858, to the amount of $2,275,000. A proposed compromise
holders was provided for in 1881, and was carried out by the issue
Mich ic/an.—The
has sufficient assets to
3per cents (haby bonds), $1,307,105. In June, 1882, a constitutional
amendment passed the Legislature, to be submitted to vote in Novem¬
ber, giving new bonds at 2 per cent for five years from Jan.. 1880, and the 4%
4 per cent thereafter. See V. 35, p. 50.
The assessed value of property Years. per cent bonds.
for 1880 was $149,635,805, and tax is limited to 6 mills. The interest
tax alone wTas 5% mills before the constitutional amendment, and bond¬
holders are trying to enforce its collection by suit; in December, 1880,
-
July 1, 1889
^
4%
1,000
1,000
,
-
7
6
7
1,000
',"1914
.
4,000,000
1,000
1,000
5
....
115,000
2,275,000
1,000
1,000
-
J. A J.
July, 1893
$15,000
6
1872 to 1906
Various
119,000
6
1886
Various
8
M. A N.
May l, loo?
6
Amounts not
March 1,187*
M. A S.
8
1886 &'88
fundable,
J. A J.
6
Jan. 1, 1890
J. A J.
80,000 f per report of ]
8
Jan. 1, 1878.
1899
260,000
730 M. A S.
1897
48,000
Various
6
July 1,1910
J. A J.
70,000
8
A. A O. 2,500,000
April, 1911
8
875,000
8
Jan
N. Y., Bank of N. Y.
J. A J.
7
3 880 & 1914
New Orleans.
2, 4, 3 J. A J.
March 1,1883
M. A S.
Boston, Sulfolk Bank.
6
do
June 1,1889
do
J. A D.
6
Oct. l, 1889
Augusta and Boston.
A. A O.
6
$«->(),000 per year.
l‘\ A A.
Boston, Sulfolk Bank.
4
1889
London, Baring Bros.
5 g. J. A J.
do
1889
do
J. A J.
5 g.
1890
5
Q--J. Balt., Fanil. A Merck. Bk.
do
do
h
1890
A. A O.
5
1890
do
do
3
Quart’y
do
1885
do
J. A J.
6
1890
do
do
6
Q.-J.
1890
do
do
A. A O.
6
1883
do
do
J. A J.
6
do
1897
do
3-65 J. A J.
1885 A ’89
do
do
T. A J.
6
1887 & 1891
do
do
J. A J.
6
do
1887
do
6
1€88 to 1993
do
do
6
J. A J.
July 1, 1883
Boston, Treasury.
5 g. J. A J.
do
July 1, 1883
do
5 g. J. A J.
do
May 1, 1894
do
5 g. M. A N.
May 1, 1894
London, Baring Bros.
5 g. M. A N.
do
do
5 g. J. A J.
do
Oct., 1888 to ’90
do
5 g. A. A 0.
April, 1891 & ’93
Boston, Treasury.
5 g- A. A O.
July, 1891
Loudon, Baring Bros.
5 g. J. A J.
Jan. 1, 1895
do
do
*5 g- J. A J.
1893 A ’94
Boston , Treasury
5 g. J. A J.
do
July i, 1895
do
5 g. J. A J.
do
April 1,1890
do
5 g- A. A O.
July 1,1900
London. Baring Bros.
5 g. J. A J.
Sept. 1, 1896
Boston Treasury.
5 g. J. A J.
J’yl,’94-Sepl,’97
Boston , Treasury.
Various
5 gdo
M’yT’95-8epl,’96
do
5 g. Various
Jan. 1, 1895
London, McCalmonts.
5 g. J. A J.
Jan. 1, 1883
6
J. A J. N. Y., A111. Exchange Bank.
do
May, 1890
do
M. A N.
7
175,000
5 years,
fprovides for3aper cent forin15 years and 4 perofcent afterwards,2 on which
new bond place of consols 1874, bearing per cent
basis the interest
1
2,310.000
309,48fF
31,069
1838
1864
1864
1869
1858 to’61
1861 to’63
1871
sterling
Troy it Greenfield Railroad loan,
500 Ac.
500 Ac.
100 Ac.
1838-47
Railroads and canals
Eastern Shore Railroad
Baltimore it Susquehanna
'
2,500,000
875,000
11,367.900
1,723,415
385,000
100 Ac.
due.
*
80,000
260,000
48,000
70,000
1,000
1,000
1,000
1,000
1,000
1,000
Payable
Principal—When
and by
Where pa yable
w horn.
........
Apr., ’82
897817878. 8811
Consolidated funded bonds
Twos, fourH and threes (seenotes
Maine—War loan bonds
INTEREST.
When
Rate.
Amount f
of these
vet fundable was]
1,000
1,000
1,000
1870
of any error discovered in these Tables.
Amount
$500
1853
.
[Vol. XXXT.
school
Bonds” of
with the
of
Taxable valuations and State tax have boeu:
Real Estate.
Personal. Tax Kate
$46,175,304
.$183,615,738
Zh
53,525,017
15%
54,581.906
I6I5
Tax for all purposes in counties averages 17% mills.
(V. 33, p. 74,125,
282,294, 301,329, 404,433,469,502,588,687,744; V. 34, p. 32,86,316.)
Missouri.—The tax rate is 40c. per $100. Bonds maturing are met by
sinking fund. The Hannibal A St. Joseph RR. paid the Statc.$3,000,000
for its debt, but the State refused on Jan. 1, 1882, to pay the coupons on
its own $3,o00,000 of bonds. Litigation between the State and com¬
pany ensued. The following is a statement of the assessed property m
this State for the years
Real estate
Personal property
1^9,246,698
203,473,637
1881 and 1S82:
1882.
1881.
$406,104,426
Railroad,
163,265,459
bridge and telegraph property
32,353,097
Total
$142,826,742
170,813,9/6
35,626,524
$601,722,882
$G49,967,242
also $50,
interest paid January
value) and tax rate
—(V. 32, p. 685 ; V 33, p. 687; V. 35, p. 236.)
A ebraska.—The State school fund holds $326,267. There are
000 10 percent “ Grasshopper” bonds due 1885,
and July. Assessed valuatiou (33% per cent of true
per $1,000 have been:
■
Personal,
Tax Rate.
Railroad, Ac.
Years.
Real Estate.
$7 35
$33,589,360
6 37^
$40,589,285
33,335,591
6 37*2
37,975,987
35,125,713
6 37^
39,263,823
and connections
400
38,378,409
have been :
53,850,147
Sinking
New Hampshii'e—The debt of New Hampshire was created ior *»
Funds.
$1,191,583,169 $822,289,966 $12 84 $33,550,464 $13,635,490 purposes. The Municipal loan of 1872 was issued to cities
1878.... 1,118,557,164 761,266,574 12 54 33,219,464 13,448,194 the proceeds to he applied to their war debts. Total valuation
.
1879
1,090,749,235 742.533,998 12 78 33,020,464 12,235,248 (latest made), $206,959,017. Tax rate, $2 per $1,000.
New Jersey.—The debt was created for war purposes.
Of tne.y
“
1880.... 1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
bonds the principal is payable
per year- \
1881.... 1,149,965,827 883,886,538
32,399,464 14,080,465 class of aud personal property (taxable) $100,000 $527,451,222, muai
ot real
in 1881,
agajtL
Hhe loan to Boston Hartford A Erie Railroad was secured by
“BerdeU” mortgage bonds, afterwards exohanged for N. Y. & N. E. RR. $518,617,518 in 1880, $508,892,338 in 1379 and
State school tax, 2 mills.
stock, and had a sinking fund of $1;283,22G January 1,1882
1831
—(V. 35. p. 373.)
Massachusetts—The funded debt, January 1, 1882, was
The sinking funds were $14,080,465. The Hoosac tunnel
cost the State heavily.
Assessed valuation, tax rate, Ac.,
Tax per
Real
Personal
Total
Years.
Estate.
Property.
$1,000. „ Debt.
$32,399,464.
i
and ln-itu
towue,
....
....
$531,851,849 w l»'a
October,
STATE
1882.]
Subscribers
explanations see notes on
New
Date of
Ronds.
Under Art. 7, Sec. 3, of Con
stitution, and Art. 7, Sec. 12.
bonds tax-receivable.
North Carolina—Funding
Old bonds not funded
Ronds to
781
Nortli Carolina Railroad
bonds, not
Snecial tax
bonds
OAiV-Kegistered loan of 1881
Registered loan, payable after Dec., 1886
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Registered bonds, tax free, 15-25 years
Coupon loan (except $53,000 reg.), April 2....
do
April 2
Loan of February, 1882 (registered)
do
in ten series
do
Agricultural College land scrip
jlhoilc
War
Island—War bonds
bonds
do
-
South Carolina—State House
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
stock and bonds
.
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,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Compromise bonds (act of May 20, 1882)
Texas—Funding State debt (act May 2,1871)..
Frontier def’se,gold,act Aug.5,’70(red’blo ’91)
Revenue deficiency bonds, act Dec. 2, 1871..
or
par
Value.
Redemption of debt, act Aug. G, ’76
Bonds, act April 21, 1879
Bonds to State University and School Fund..
Bonds issued to School Fund
500 Ac.
**
1867
1868
2,000,000
3,907,300
2,795,000
1,000
1,000
....
1,000
1,000
188 L
1856
1877
1879
1852
1852
1882
1882
1872
1862
1863
1863
1864
1853 to ’54
1866
1854
1868
1868
1868 1869
1874
1874
Various.
100
100
100
100
&c.
Ac.
Ac.
Ac.
8,000,000
2,000,000
1,000
50 Ac.
50 Ac.
6,7(H),000
2,500,000
550,000
200,000
631,000
738,000
142,000
35,700
1,000
1,000
1,000
1,000
50,Ac
1,000
1,000
97,000
19,000
128,000
85,000
92,200
1,000
500,Ac.
500,Ac.
500 Ac.
1,000
1,000
100 Ac.
3,165,832
4,880,000
14,929,300
397,000
(?)
67,000
499,000
467,000
730,000
1,000
1,000
1,000
1,000
Various
«
.
« •
1,647,000
1.075,200
216,641
320,367
3,030,088
1,302,851
13,474,800
895,147
2,394,305
15,239,370
8,171,600
....
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
Real Estate.
1879
1880
1881
1882
Personal.
$2,373,418,490
2,333,669,813
$364,960,110
2,315,400,526
2,340,335,690
2,432,661,378
352,469,320
322,468,712
340,921,916
351,021,189
State Tax.
29(0
2863,
4000
3*2
214
346,000
g.
g.
g.
g:
g.
g.
4^2g.
6 g.
6 g.
g.
g.
g.
g.
6
3, 4, 5, 6
6
7
7
7
9
5
5
6
6
5
6
6
6
6
3 to
3 to
p.
Where
When
Whom.
Payable
J. A J. N.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J. N.
Various
Various
J.
A.
A.
J.
J.
F.
F.
J.
J.
F.
F.
A J.
A O.
A O.
Y., Manhattan Co. Bank.
do
do
do
do
do
do
do
do
Oct., 1893
July, 3 887
Jan. 1,1883
July 1, 1891
Oct. 1, 1892
Y., Nat. Bk. of Republic.
do
do
do
Raleigh, Treasury.
New York.
do
J. N. Y., American
do
J.
A. Phiia., Farm. A
do
A.
do
J.
do
J.
A.
do
do
*
A.
A
A
A
A
A
A
A
A
Due.
Payable and by'
Excli. B’k.
do
Meek. B’k.
do
do
do
do
do
1909
1868 to ’98
1883 to ’85
1868 to ’98
Indefinite.
Oct.. 1898
1898 to ’99
At
will, 1882-’88**
Jan., 1887
Feb. 1, 1902
Aug. 1, 1904
July, 1882
July. 1882
Feb. 1, 1912
Aug. 1, ’83 to ’92*
1922
Harrisburg Treasury.
6
6
6
6
6
6
9
6
6
6
6
6
5 A
6
Years.
—(V.33,
*
6
6
6
6
6
4
6
6
6
6
6
6
4
6
5
4
5
3*2 A 4
31*2 & 4
500,000
1,000
500,Ac.
1879
2,801,665
2,400,000
395,000
87,000
3.882
1872
1871
1872
1874
1876
1879
1,180,000
383,045
44,000
11,366,000
1,000
1.000
1871
2,598,550
New York.—The financial condition of the State has been fortiiied by
the payment of all debt except the canal debt, as above. The sinking
funds on Sept. 30, 1881, amounted to $2,423,981. The new Capitol
1878
11887796-.90.
•w.2 3 c
$50 Ac.
.
reg.)..
Principal—When
rmcipal—
Rate.
(>38,200
1851 to’66 500 Ac.
Yirqmia— Old bonds, 23 fundable
£100 Ac
1851
Old. nonds, sterling, not required to be funded
1871
100,Ac.
Consol.) Act Mar. *71) coup, tax receivable—
1871
do
do
‘
100,Ac.
reg., conv. into coup...
1872
100,Ac.
do
(Act 1872) “Poaler,” cp. not reo’ble
Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($449,300
do
do
sterling
outstanding.
4,302,600
1879
Bonds, act Mar..1874 (for paying tloat’gdebt)
INTEREST.
Amount
$173,000
1,562,900
1875
1872
1873
1873
1874
1879
......
fundable (Chatham and AV. AT.)
upiristored certificates of literary fund
Penitentiary bonds, act Aug. 24, 1868
RK
Size
brat page of tables
York
Canal debt,
yn
will confer a great favor by giving immediate notice of any error discovered In tliese Tables.
description.
Ft>r
SECURITIES.
g.
g.
g.
g.
M. A 8. Providence, R. I. H. A T. Co.
do
do
A. A O.
do
'do
J. A J.
F. A A.
do
do
J. A J. Columbia, State Treasury.
J. A J. Columbia and New York.
J. A J.
Columbia, Treasury.
A. A O. Columbia and New York.
do
do
A. A O.
do
do
J. A J.
do
do
J. A J.
J. A J. N. Y., National Park Bank.
J. A J.
Nashville, Treasurer.
do
do
J. A J.
do
do
J. A J.
New Y'ork or Nashville.
J. A J.
State Treasury.
Various
M. A 8. New York, Bauk of N, Y.
do
do
J. A J.
do
do
J. A J.
J. A J. New York A State Treasury.
do
do
J. A D.
.
J.
J.
J.
J.
J.
J.
5
5
A
A
A
A
A
A
J. A
J. A
Sept. 1, 1882
April 1,1883
July 1, 1893
Aug. 1, 1894
1871 & ’81
July 1,1887 to’97
July 1,1875 to’79*
July 1,1888
July 1, 1888
July 1,1889
July 1,1882
July 1, 1893
July 1, 1914
1875 to 1900
Various.
Jan. 1,1912
1891
1911
1892
March 1, 1904
July, 1906
1909
.
J.
J.
J.
J.
J.
J.
J.
J.
N. Y., Winslow, L. A Co.
London, Baring B. A Co.
Richmond, Treasury'.
do
1886 to ’95
1886 ^
1905
,
1905
do
Contingent
1919
1919
/*
Real Estate.
$85,633,873
76,583,866
77,609,666
Personalty
ty.
541
$40,083.3*;
36,574,858
41,785,768
Railroads.
Tax Rate..
$6,520,772
7,392,900
13,767,400
2^4
5
12, 589.)
Tennessee.—The funding law giving new bonds at 3 per cent with taxreceivable coupons for the full face of old bonds and interest went to
tlie State Supreme Court on appeal, and on February 10, 1882, the
Court held the law unconstitutional. A new funding law was passed
(act of May 20,1882) without the tax-receivable coupon clause, and
giving new bonds at 60 per cent of the principal and interest of old,
the new bearing 3 per oent in 1882-83, 4 per cent in 1884 and 1885,5
North Carolina— Interest is paid on bonds issued to No. Carolina RR.
per cent in 1886 and 1887, and 6 per cent 1888 to 1912.
Exchanges
($2,795,000), as the State holds $3,000,200 stock and receives dividends were made in New York July, 1882. The bonds fall due in 1912, but
thereon. The funding law of Mar. 4,1879, provided for funding old antemay be redeemed after Jan. 1,1887. Assessed valuationsand tax rate
war bonds at 40 per cent of the face value; “ New ” railroad bonds recog¬
per $1,000 have been as follows:
nized as vaLid at 25 per cent; funding bonds of 1866 and 1868 at 15 per Years.
Railroads.
tv.
Real Estate.
Personalty
cent. Nothing for overdue coupons.
Coupons of the new bonds are re¬
103
...7781
$•
$24,319,8<
$212,589,045
ceivable for taxes.The funding ended Jan. 1, 1882, and 1
20.871.338
...878 at that time a
202,340,815
large amount of the fundable bonds had not come in. See V. 34, p.
...9781
16,952,036
196,165,644
378.
If all were funded the new 4 per cents would be $3,900,000.
10,375.894
...0881
195,635,100
16.133.338
Special tax bonds are ignored, and also bonds to Chatham RR. 1868, —(V. 32, p. 62, 253, 387, 579; V. 33, p. 66, 642; V. 34, p. 178, 205, 231r
$1,030,000, and to Williamstoii A Tail). RR., $150,000, and for Peniten¬ 252, 428, 461, 522, 596; V. 35, p. 183, 457.)
tiary under acts of 1868. Up to October, 1882, of the $2,795,000 of N.
Texas.—The old high-rate bonds have been redeemed and low-interest
Car. RR. construction bonds, holders of $1,100,000 had accepted the
bonds issued. Assessed valuations and rate of tax per $1,000 havebeem
proposition of t.ie Adjustment Committee.
Assessed valuation of real
Total Val’tion. Tax RateYears.
Real Estate.
Personalty'
estate is about GO per cent of true value. Valuations and tax rate per
$5
$257,632,009
$83,307,833
$174,324,176
$100 nave been:
5
318,935,705
212,698,432
106,237,273
Years.
TotalValuation. Taxpr. $100
Real Estate.
Personalty.
5
303,202,424
187,722,374
115,480,050
38
$92,1.58,215
$146,370,493
$54,212,248
5
300,525.407
186,297,495
114,227,912
1878
38
142,308.102
91,079,831
51,228,268
18^1
357,000,000
24
157,067.481
-(V. 33, p. 533, 5GO, G 12, 741; V. 3 1, p. 37 3, 550; V. 35, p.22, 132, 339.) —(V. 34, p. 329.)
Virginia.—The accumulated arrearages of interest on the debt proper,.
Ohio.—Ohio has a very small State debt, but large local debts, amountlarin 1881 to $l4,ll4jl00, against $25,957,588 in 1875, this increase October 1, 1881, were $3,565,331. The law of March 28. 1879, for
refunding
being mainly in Cincinnati debt. Valuations in Ohio have been as follows: bonds are the debt, was given inCHRONiCLE, Vol. 28, p. 353. The new
10-40 year bonds, and bear 3 per Cent for 10 years, 4 per cent
Real estate.
Real estate.
Personaltv.
Personalty. for 20
years, and 5 per cent for 10 years, coupons tax-receivable.
I860.. $033,894,314 $218,408,299 1379.$1,093,768,904 $442,979,885
The total interest on all the acknowledged debt is $1,523,516 per year,
1860.. 633,617,542 4 12.56 L, 379
1.88-9. 1,102,049,931 456,166,034
1878., 1,09 L, 116,952 461,460,552 1881. 1,101,457,383 485,750,196 of Avliich $1,117,724 is in tax-receivable coupons, leaving only
$405,791 payable in cash.
State tax rate, 2*qo mills.
In January, 1882, a laAV Avas passed
prohibiting the receiving of coupons in payment of taxes (since
Pennsylvania—Sinking fund, $6,625,753. Revenue is raised prin¬ decided to be unconstitutional), and in February tlie Riddleberger law
cipally from corporations. Taxes are levied on personal property. The for readjusting the debt (sec V. 34, p. 88). The circular of Messrs.
State holds $1,754,331 in stocks and $7,900,000 of railroad bonds. Any
Maury A Co., Richmond,classified the bonds under this bill to be
coupon bonds may be changed,-to registered. (V. 33, p. 623; V. 34, p. refunded in new 3 per cent bonds as folloAvs:
iJv.)
Consols
$14,369,974, allowed 53 per cent
Rhode Island.—The debt was all created for Avar purposes. In Jan., Ten-forties
8,517,600,
“
60
“
1882, the net debt, less sinking fund, was $1,444,868. The State valua¬ Peelers
“
69
“
2,394,305,
tion of real
property 111 1876 (the latest; made) was $243,658,190,
do
“
80
“
coupons
1,072,545,
and personal,
$84,872,369 ; tax rate, 12 cents on $100.
Unfunded Oh
3,773,493,
“
69
“
South Carolina.—The funding iaw of Dec. 23, 1873, provided For scal¬ Literary fund
1,428,245,
“
63
ing down the old debt 59 per cent. Tile consols were again “re-adjusted”
do
coupons
379,270,
“
■■
cash.
The several acts were passed Dec. 3, 1873. Dec. 21,1878,
Assessed values in 1880 Averc: real estate, $234,272,951; personal,
tjec. 24, 1879, and February, 1830. I11 November, 1831, the consols $70,391,018. The receipts of the State Treasury in 1880-81 were
stood at $5,336,104, Avhich amount Avas made
up as follows: BroAvn $2,632,345, and current expenses, $2,152,028, leaving $480,317 bal¬
actually issued, $3,165,832; green consols not yet exchanged, ance. Tax rate, 5 mills. The U. S. Supreme Court in January, 1881,
|r'88o,203, less amount invalid, $714,932; balance, $2,170,274; total, held the coupons of consol, bonds not taxable by the State. (V. 32, p.
^0,336,lot. The old issues yet fundable stood as above. Valuations 123; V. 33, p. 562 ; V. 34, p. 88, 179, 379, 189, 541, 715 ; V. 35, p. 52,
and rate of tax
79, 104, 267.)
per $1,000 have been ;
-(V. 32, p. 70.)
.
.
.
CITY
yin
Subscribers will confer a great
SECURITIES.
favor by giving immediate notice
[VOL. XXXV
of any error discovered In these Tables.
INTEREST.
Date of
For explanations see
notes on first page of tables.
High School
Water debt ($400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
Bonds loaned to Albany & Susquehanna
Atlanta, Oa.—Bonds for streets,Ac
1874-’77
1877
1865
’66-’67-’72
1869-’70
1872 A ’77
1874
1877
1875
1881
Various.
Bonds. A. L. Railroad for and State Houa
Bonds for West. RR. and floating debt...
Bonds, 1st and 2d series, waterworks
Redemption bonds
500 Ac.
265,000
400,000
418,000
1,000
430,000
7
1,000
500 Ac.
1,000
1,000
1,580,000
8
10
5
7
6
5
5
6
6
6
6
6
6
6
6
6
5
4
6
6
5 A 6
1,015,300
4,000,000
Augusta, Ga —Bonds for various purposes.
Various.
1877
1873
1863
1865
1860
1863
1853
1853
1868
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after
Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
New
City Hall
do
Consolidated loan
Paving loan
Funding loan
Western Maryland Railroad
Jones’ Falls ($780,000 are 5s)
Valley Railroad
Water loan ($203,000 only are 6s)
Harford Run improvement loan
Endorsements for Western Maryland
do
Union Railroad
do
Ac.
Ac.
Ac.
Ao.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
100
100
100
100
100
100
100
100
100 Ac,
100 Ac.
100 Ac.
1870
1874
1864
1881
1870
1872
1872
1873
1874
1880
do
do
do
250
100
100
100
100
100
100
100 Ac.
100
Railroad loan
Androscoggin Railroad
($23,750 each year)
(F.AA.and M.AS)
Boston^-Citypurposes, war debt. Ac
City debt and Roxbury and Charlestown
do
do
do
do
..
registered
do
do
do
Various.
Various.
1861
Various.
1869
1871-’72 Various.
1852 to’64
1,000
1864 to ’80
1,000
1878-’82
18 SO
1879
1877
Various,
....
City debt and Roxbury and Charlestown.
West Roxbury
Burnt district, sterling
....
£ 100 Ac
1873
1869
£100 Ac
1862 to ’76
1,000
Mystic water debt, assumed
1866 to ’76
Cooliituate Water loan, 6 per cent
1875 A’78
do
do
5 per cent
1878
do
do
4 per cent
1872
£100 Ac
do
do
Sterling
1875-’76
do
do
5 per cent gold
1879
do
do
4^
do
1879-’80
do
do
4
do
1861
1,000
Broofayiv— Brooklyn local improvement loan...
1857
1,000
Mount Prospect Square loan
1865
1,000
Soldiers’ aid fund loan
1866
1,000
Gowauus canal improvement loan, local
1865
1,000
Bushwick avenue
do
do
do
1866
1,000
do
SouthSeveuth at.
do
do
1867
1,000
Union street improvement loan, local
1862 A ’67
1,000
Fourth avenue
do
do
....
do
1867
1,000
Wallabout Bay
do
do
1870
1,000
New York Bridge loan, registered and coupon
1876-’79
1,000
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
1,000
Prospect Park loan, registered and ooupon ... I860 to ’73
1860 to ’72
1,000
Prospect Park loan
1857 to ’72
1,000
Permanent water loan
1872 to’75
1,000
do
do
loan
Consolidated street improvem’t,
2,060,000
7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
185,723
5,000,000
1,000,000
1,000,000
1,000,000
500.000
1,029,061
45,000
800,000
1,000,000
450,000
sterling loan.
.6
117,000
121,000
100,000
500.000
1,000,000
925,000
102.500
6
5
193,000
425,000
417.500
420.600
2,740,000
11,145.500
2,359,00b
1,795,000
450,000
490,000
328,000
257,000
4.997,604
3,205 934
1,127,000
4,901,000
13,000
588,000
5
1,947,274
3,552,000
Due.
362,000
213,000
90,000
552.000
140,000
150,000
177,000
260,000
July 1,1890
July 1, 1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank.
Q.-J. Balto., Farm. A Plan. Bank,
do
do
Q.-J.
do
do
Q.-J.
Jan. 1, 1895
Jan. 1, 1890
Q.—J.
Jan.
1, 1886
July 1, 1884
April 15,1900
M. A N.
City Register’s Office
March 7, 1902
After 1885
After Nov.l, 1920
Q.-J.
3alto., Farm. A Plan. Bank.
July 1,1900
Mechanics’ Bank,
Jan. 1,1902
April 9, 1900
Oct. 31,1886
July 1, 1894
Q.-J.
J.
A
do
do
J. Balto., N.
Q.-F.
do
do
do
do
A. A O.
J. A J. Balto., Nat. Merchants’ Bk.
4
J. A J. Balto.. City Reg’ter’s Office. After Jan. 1,1920
J. A J. Balto., N.Mechanics’ Bank. Jan. 1 ’90 A 1900
6
Jan. 1, 1895
J. A J. Baltimore, Franklin Bank.
6
1882 to’92
V arious Boston, Merchants’ N. B’k.
6
Jan. 1,1894
do
do
J. A J.,
6
do
do
J. A J.
July 1, 1905
6
do
do
Jan. 1, 1894
J. A J.
6
do
•
do
A. A O.
April 1. 1899
A 7
M. A 8
?387 A 1898
A 6
City Treasury.
’83, ’85 A '98
Various Boston, Second Nat. Bank.
6
A. A O. City Treasury and Boston,
April 1, 1891
6
do
do
J. A J.
6
July 1,1882 to ’99
do
do
1891 A 1902
Various
6
1882 to ’87
5 g. Various Boston, Treasurer’s "Office
1882 to’97
do
do
Various
6
1887-1901
do
do Various
4
do
do
4 g. A. A O.
\pr., 1890 A 1900
Oct.. 1889
do
do
4 ^g. A. A ().
1887
ao
do
Various
4h>
Various.
do
do
Various
5
1883 to 1891
do
do
Various
7
April. 1893
A. A O
Loudon, Baring Brothers,
5 g.
do
July, 1899
5 85 J. A J.
1882 to ’94
Various Boston, Treasurer’s Office,
A 6
1897 to 1908
do
do
Various
6
1907-1908
do
do
Various
5
1908
do
do
A. A O.
4
Oct., 1902
5 g. A. A O. London, Baring Brothers.
1905-1908
Boston, Treasurer’s Office,
5 g.
1909
do do
4 *2g. A. A O.
1909-1910
do
do
4 g. A. A O.
1891
M. A N.
7
Brooklyn,
1887
do
6
' J. A J.
1885 to ’90
do
J. A J.
7
1882 to 90
do
J. A J.
7
1882 to ’90
do
J. A J.
7
1882 to ’90
do
J. A J.
7
1882 to ’86
do
J. A J.
7
1882 to ’95
do
J. A J.
A 7
1882 to ’90
do
J. A J
7
,
6
3,000,000
7
7,432,000
5, 6 A 7
8,019,000
1,217,000
8.228.500
1.439.500
Balto., Farm. A Plan. Bank.
N: Balto., Nat. Merchants’ Bk.
do
do
N.
do
do
S.
do
do
S.
Q.—M. Balto., Nat. Mechanics Bk
do
Jo
Q,—J,
A
A
A
A
....
268,000
207,000
314,000
Q.-J.
M.
M.
M.
M.
6
1,375,000
RR
1858 to ’72 100 Ac.
Bangor, Me — City debt proper
1874
1,000
Municipal loan
500 Ac.
1875 '
Water loan bonds, coup. (Act Feb. 22, 1875).
1,000
1869
European A North American Railroad
1869
1,000
Bangor A Piscataquis Railroad
Various.
Bath,Me.—Fund, debt ($24,500 are 6s, ’87, J.AJ
Knox A Uiueolu Railroad
do
do
'
Principal—When
5 A 6
77,000
52,000
68,500
78071881
do
do
payable and by
whom.
A A
rx>ston, Merchants’ Bank. Feb., 1885 to ’94
New York,
A 8
March,’80 to 1900
do
A N.
1910-’21
•
A N N. Y., Merchants’ Nat. Bk.
May 1,1904
do
do
A N.
May 1, 1881 to’85
do
do
Feb. 1, 1893-1912
A A.
do
do
Feb. 1,1883-4-5
F. A A.
M. A N. N. Y., Del. A Hud. Canal Co.
1895-’97
1886 A 1892
J. A J. AtlantaAN.Y.,Am.Ex.N.Bk
do
do
J. A J., 1890
J. A J.
do
do
J. A J., 1902
J. A J.
do
do
J. A J.
Jan, 1, 1904
do
do
Jan. 1,1897
J. A J.
do
do
M. A S.
Sept. 1,1885
do
do
J. A J.
July 1. 1911
1882 to 1905
Various
Augusta.
6
8
7
8
1,000,000
Where
F.
M.
M.
M.
M.
F.
7
448,000
996,000 4, 5, 6, 7
7
115,000
7
49,000
6 A 7
900,000
6
165,000
500 Ac.
eu
Payable
6
$150,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1874
1875
New Post Office site
W1
Rate.
$1,000
1866
1870-’71
1870-’81
City improvement
Washington Park ($40,000 are 5s, due 19
Amount
Size or
par
value.
7
6
6
7
A
A
!J. A
1 J. A
J. A
J. A
J.
J.
J.
1899-1924
do
J.
do
do
do
do
do
J.
J.
J.
J.
1905 to
1920
1915 to ’24
1915 to ’24
1882 to 1912
1
;
DESCRIPTION.
PopulaAlbany.—The loan to Alb. A Susquehanna is secured by first mortgage. Munici pal property, including waterworks, about $800,000
Albany County in 1880 was, approximately: Real tiou, 16,851 in 1880; 18,829 in 1870.
estate, $49,030,000; personal, $4,500,000—estimated to be about oneBath, Me.—The city holds a first mortgage on the Androscoggin road
half of true value. City tax rate 1879, 2*84. Popu lation, 90,758 in for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total or $2,395,000 bonds issued hy
1880; 69,422 in 1870.
Atlanta.—'The total bonded debt Jan. 1.1882, was $2,196,500. Assess¬ several cities in aid of the latter road. Tax valuation, 1880—real estate,
$2,693,750; personal, $3,881,469; total, $6,575,219. Tax rate, $25
ed value real of estate in 1881, $14,721,833; personal, $7,474,258per $1,000.
Population, 37,409 m 1880; 21,789 in 1870.
Boston.—The population of Boston in 1880 was 362,839; in 1870,
Augusta.—Of this debt, $600,000 was issued for railroads, and balance
for canal enlargement, water works, Ac. Sinking funds, Jan. 1, 1882, 250,526. against 177,840 in 1860. The total funded debt Apnl JU,
$173,750. Taxable valuation in 1881: Real estate, $9,225,675; per¬ 1882, was $40,163,312,and net debt, $24,261,661. The tax levy m 18H2
sonal, $5,681,833; tax rate, $1 58*3 per $100. Population in 1870, is divided as follows: State, $825,480; county, $291,200; city,
The rate on $1,000 on valuation of 1882 is as follows: State,
073.
15,389; in 1880, 21,891.
$13
Baltimore.—The fiscal year of Baltimore ends now with December 31 $1 12; county, 29 emits; city, $13 69; total, $15 10, againsthave 90 on
valuation of i881. Assessed valuation on May 1 for five years
been.
Tlie total of all sinking funds, December, 1881, was $8,150,286. The
Real
Personal
Tax
Net Debt.
Baltimore A Ohio Railroad pays interest on $5,000,000: Water loan is Years.
Estate.
Estate.
Rate.
$20,159,777
paid by income of water works, and Public Park by City Passenger Rail¬
..$440,375,900
$190,070,966
$12 80
£6,229,6b6
way, and against a total debt of $36,381,351 the city lias $20,121,594
428,786,300
184,545,700
12 50
1879
27,842.104
productive assets (including the sinking funds), leaving $16,081,595, 1880
437,230,600
201,858,600
15 20
26,005,620
against which are held $5,150,780 of unproductive assets; interest is 1881
13 90
455,388,600
210,165,997
24,261,661
raised by taxation on $12,916,386 of debt. Population in 1870, 267,354,
188-2
467,705,100
204,785,000
15 10
in 1880, 332,313. Assessed valuation and tax rate have been:
'
Rate of Tax ! —(V. 32, p 99; V. 33, p. 93.)
Personal
Total
Real
Brooklyn -The whole city debt was as follows on
Valuation.
Estate.
Years.
per $1,000.
Proper tv.
Permanent debt. $20,857,000:
water loan $9,830,500; temporary
19 00
1878
70,308,003
249,266,595
179,958,592
; total,
15 00
.
244,043,181
1879
60,463,158
183,580,023
j debt, $7,239,5M : tax certificates, $4,270,000; iuuu, #42.197.051; less
13 70
sinking fund, $4,022,629: net debt. $38,174,421. Tax rate 1880.$-o ye.
252,900,000
65.613,000
1880
187.387,000
13 70
Population in 1870, 396,099, against 566,663 in 1880. Valuatio
1883
247,230,3 89
62,033.032
185,197,157
13 70
187,240,000
60,000,000
property and tax rate per $1,000 for five years have been:
Rate.
247,240,000
1882
Years.
Real.
Personal.
Assessed valuation is near tlie full cash value.
$31 72
$13,111,215
$216,481,801
27 00
Bangor, Me.—The loans to Eu. A No. Am. R. R. to BangorA Pis. R. R.
218,373,093
14,968,911
25 50
are secured by first mortgages ou those roads, and interest mostly paid
1879..,
220,363,499
12,562,500
26 90
from the earnings. Valuations (near full value) and tax rate have been:
11,215,794
223,620,197
23 77
Years.
Real Estate.
Personalty".
Tax rate.
240,128,905
15,137,040
$6,598,927
$3,043,534
21-33
6,381,853
2,692.211
22*50 The debt of Kings County, separate from the debt of Broo
about $4,000,000, of which the city is responsible for mne
6,373,068
2,711,460
twentieths. (V. 33, p. 743; V. 35, p.,372.)
6,352,973
\L2,803,258 ;d
The valuation of
..
..
..
..
.
....
.....
.
.
January^L^-o^.
October,
CITY
1882.1
Date of
Bonds.
description.
^^[^atious see notes on first page of tables
s
Brooklyn— (Continued)—
K’ont Avenue
1868
Busin losui
fund bonds, continuous,
Sewerage
Assessment
i
tocaL^
fund bonds, continuous, local
av. sewer
!
.
bonds
Boulevard bonds
tux oertiuCRtes. ■•••••
A. F.— Funded debt bonds.
Water works bonds
.
Buffalo,
.
.
bonds..
Cambridge,
1876
1
Temporary
Tax loan
1878-9-8C
.
Mass.—City bonds
City bonds
1877-8-9
1870
1873
1879-80-81
1862 to’81
1868 to’81
1877-81
1864
1863
1856 to’76
1873-’74
1874-5
1866
1866 to’77
1865
1867 to ’75
1869-71
Size
SECURITIES.
outstanding
$1,000
$232,000
1,000
1,000
1,000
1,000
-1,000
1,475,000
100,000
3,130,000
418,000
842,000
4,270,000
l,000Ac
3,695,500
1,000A<
3,029,382
1,000A<
1,000
703.733
.
500 Ac.
500 Ac.
500 Ac.
-
do
do
do
-
stock
Charleston, S. G.—City
....
Conversion bonds, to redeem past-d
do
coup, or reg.
Chelsea, Mass.—Funded
Funded debt, coup
....
...
Sewerage bonds
1880
improvement bonds
Municipal bonds
River
W..C, D.
£
1867-’68
1853
1853
1858
1869
1869
1869
1871
C4AC5
W2
gold 6s)
coupon
improvement...;
Dl
U2
sewer
1871-’72
146,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
750,000
60,000
175,000
100,000
150,000
150,000
100,000
136,000
450,000
600,000
576,000
8,362,000
4,981,000
1,844,000
1,000
500 Ac,
1,000
500 Ac.
1,000
1,000
1,000
1,000,000
50,000
300,000
175,000
50,000
395,291
1,000
1,000
....
Hospital bonds
1876
Street improvement bonds, short.
1876-’77
Consol, s. f. bonds, 30-50 yrs. (Act
1880
1,000
Apl.,9, ’80.
Deficiency loan (redeemable after 1801)
1881
100 Ac.
Cleveland— Water works ($200,000 are 6
p. ct.). 1872 to’76
....
1,337,000
500,000
800,000
100.000
....
Water works
Funded debt ($203,000 6s, $32,000 5s)
Lake View Park,
;
Canal and canal lock ($11,000 are 6s)
School ($100,000 are 6 p. ct.)
House of Correction
Main sewers, special assessment
8treet improvem’ts do
Street damages. Ac., do
Infirmary and River dredging...
Viaduct (mostly F. A A., A. A O. and J. A
D.)
Funded debt bonds
.
4*2
2,536,500
1,000
1871
1872
1872
1876
1879
1874
1875
1875
1882
1869 to ’Ml
1872 to ’80
1874 to’79
1868 to’71
1868
Various.
....
1,845,000
318,250
....
....
275,000
250,000
184,000
416,500
462,500
....
....
....
....
....
1876-77-78
1873 to’78
1882
710,000
103,000
.
1,000
....
5*2
6
7
4R>
6
6
6
7
7
186,000
....
Bonds for erection of a Workhouse.
Water-works bonds
Bonds for McLean Ave.
138,200
500,000
843,500
4,941,500
750,000
210,000
250,000
300,000
99,000
195,000
397,500
....
..
Floating debt bonds,
92,450
160,500
1881
1865 to’80 500 Ac.
1843 to’54
1,000
1855
1,000
1868
1,000
1868
1,000
1860 to ’61
1,000
1855
1,000
1847 to’50 500 Ac,
1847 to ’48 500 Ac.
Municipal and School bonds
Municipal bonds (refunding loan)
Cook County debt
Cincinnati- Loans to Railroads.F,A,
Bonds to O.A M. HR. to purchase w
Bonds for improvement
Bonds for Water Work purposes
General improvement
Cincinnati Southern RR
do
do
do
do
($3,200,000 are
do
do
485,000
162,000
2,608,000
....
Bonds for ext. and impr. Water
Bonds for funding floating debt
Bonds for new Hospital.
689,000
514,000
100,000
774,000
55,000
1,000
1,000
500 Ac,
....
5
5 g.
6
6
6
6
6
6
6
6
6
6
7
7
4
490,000
....
2,138,000
86,000
1
«..d personal property was assessed at
05 5 in 1876 rule of valuation changed and assessment was
$111,905,905. Since that date valuations have been:
.
54
6 A 7
3*65
7
6 A 7
6 A 7
7
5, 6 A 7
5, 6 A 7
5, 6 A 7
6
5, 6 A 7
4
1-
Real estate.
$91,130,870
per $1,000.
$12 43
17 60
7,947,380
'-10 of Erie county debt.
Coupon bonds are exchange
for registered. The interest on
different bonds is 3*2, 4, 4*2, 5, 6
/
per cent. Population, 155,134 in 1880;
117,714 in 1870.
Vi R0
a
aiJle
and
Personalty.
$8,844,705
80,929,165
--
iw r,
JS,<lebt- November,
in 1870.
o9,634
personal $i^,ooa,i»u; tax rate, .tio per$*i,uuu.
Population, 52,669 in 1880 ;
1881, $4,737,063.
oS!utr^?lH>
pv
—The bonds of Charleston are mostly held within the
°* “out!1 Carolina. Conversion bonds of 1879 are issued in
.i,
exchange for city stock.
Assessed valuations and tax rate have been :
Real
Personal
Rate of Tax
Estate.
Propertv.
per $1,000.
Years.
1877
1qI§
raLn
$7,922,155
8,108,706
6,272,458
6,555,864
17,137,255
-
f 2ai
$18,669,623
18,313,450
..
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
J.
J.
J.
J.
J.
J.
J.
M. A N
Varioiio
M. A N.
J. A I).
Various
J. A J.
M. A N.
A. A O.
M. A N.
15,017,595
182 845
i
viola
u
j
an
$3,955,000 is on account of the Water Works,
income much above the interest
charge on the debt
YparH
I8778'
-
/
Equalized Value.
Real Estate.
$116,082,533
104,420,053
91.152,229
Personal.
$32,317,615
27,561,383
26.817,806
%
which
Tax
Rate.
Brooklyn
3 years from date.
1882
1883
1882-3-4
1882 to 1925
1882 to 1925
1905
1882 to ’98
Y., Am. Ex. Nat. Bank.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1, ’82 to ’95
1881 to ’95
July 1, 1900
1890 to ’95
July, 1895 A ’96
1885 to ’99
1901
N.‘ Y., Metropolitan Bank.
May 1, 1885-’92
N. Y., Am. Exchange Bank.
1882 A ’84
do
do
Nov., 1885
do
do
June, 1888
do
do
1888 A 1889
do
do
Jan., 1890
do
do
Nov., 1890
do
do
April 1, 1895
do
do
March, 1897
do
do
1897
do
do
Jan., 1900
do
do
June A Oct., 1900
-
•
Ta
Personal
$28,101,678
29,052,906
x
Rate.
$
The assessed value of real estate is about one-third of its true
value*
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
West Chicago Rack and Lincoln Park loans are not debts of the
city,
but of distinct corporations.
(V. 34, p. 574.)
Cincinnati.—In addition to the issues above named there remains
as follows: $108,000 5s, November, 1884;
$56,000 (YY2, A O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
:'27,000 6s (A.), March, 1897; $50,000 (112.), August, 1897. City holds
$950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
several smaller amounts,
assessed valuation of the city of Cincinnati
1870 to 1879:
Real
Personal
Years.
Estate.
Estate.
I860
$61,620,904
78,736,482
123,427,888
119,621,856
121,479,280
.
123,231,790
129,043,880
Pnnnitl’061^800Population, 21,782 in 1880; 18,547 in 1870.
Thp S°Trfllc. bbt funded debt January 1, 1881, was $12,752,000.
Of +hn /
limited to 5 per cent of the Illinois State valuation,
N.
90,099,045
1880; 48.956 in 1870.
fund, January 1, 1882, $182,082, and gross
Tax valuation, 1881, $15,761,537; tax rate, $19 00.
dphtelJ!¥a,l„¥ass-~'Sinking
^
Buffalo and New York.
do
do
$89,031,955
1880
125,976,835
-Popuiation, 49,984 in
Bank,
-Equalized Value.-
50
7,244,212
) Nassau
Real Estate.
50
00
00
do
do
do
Various
J. A J.
Various
M. A S.
Cincinnati.
March, 1908
M. A S. N. Y., Am. Exch. Nat. Bk.
Sept., 1899
M. A S.
do
do
Sept., 1899
A. A O.
do
do
Oct., 1899
M. A S.
do
do
March 1, 1886
F. A A.
do
do
Aug., 1886-’97
J. ,A I).
do
do
Dec. 1, 1891
J. A J.
do
do
July 1, 1902
J. A J.
do
do
July 1, 1902
M. A N.
New York or London.
May 1, 1906
M. A N. N. Y., Am Exch. Nat. B’k. Nov. 1, 1908-’09
M. A N.
do
do
May 15, 1904
J. A J.
do
do
Jan. 1, 1896
F. A A.
do
do
Aug.,’85. ’90 A’95
M. A N.
do
do
May 1889-1909
M. A N.
do
do
May 1, 1906
1880 to’83
M. A N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
J. A D.
do
do
June l,1901
Various N. Y., Am. Exch. Nat. Bk.
1892-’93-’95
M. A 8.
do
do
Sept. 1, 1902
Various
do
do
1883 to’96
Various
do
do
1882 to ’92
do
Various
do
1894 to ’96-’98
Various
do
do
1882 to ’88
A. A 0.
do
do
1883 A ’84
do
Various
do
1882 to ’92
do
Various
do
1882 to ’84
do
do
1882 to’86
1 Various
do
do
1881-’82-’83 to’87
i Various
do
Various
d»
1893 A 1907
do
M. A S.
do
Sept. 1, 1887
Years.
$22 50
22
20
25
22
Brooklyn.)
(
1882
do
Coupons i 3 years from date*
do
paid at |
1882
A
A
A
A
A
A
A
A
A
A
Tax Rate
Years.
Due.
do
do
July, 1882-’86
O. Boston, Bank Redemption.
April 1, 1889
J.
Boston, Tremont Bank.
Jan. 1, 1893
J. Boston, Bank Redemption. Jan. 1,1882 to ’9fl
J
do
do
Jan.1, 1903-4-5
O.
do
do
Apr.A Oct. l,’84-5
J.
do
do
July 2, 1886
J
do
do
July 1,1882 to ’97
A.
do
?
do
Aug. 1, 1883
O.
do
do
Apl. 1, 1887-1895
N.
do
do
May, 1889-1891
Q.-J.
Charleston.
1868 to ’98
Various
do
1883 A ’98
J.. A J.
do
1890
A. A O.
do
1888 to 1897
J. A J.
do
Jan. 1, 1909
A. A O. Boston, N. Bk. Redemption
1882
Various
do
do
1882 to 1895
F. A A.
do
do
Feb. 17, 1885
1882-1890
F. A A Boston, N. Bk.
Redemption
A.
J.
J.
J.
A.
J.
J.
F.
A.
M.
t
i
Principal—When
by
Aug. 1,1887-’95
7
6
7
4
4*2 to 7
6
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
1
7
7
7 3-10
6g. or 7-3
6 A 7
7
7
7
5 A 6
7
1
J
J.
J
J.
J.
J
3*2 to 7 Various
3*2 to 7 Various
3^2 to 7 J. A J.
330,000
3,625,000
2,133,000
500 Ac.
....
do
J. A
J. A
7
J. A
4, 5, 6, 7 J. A
7
J. A
7
J. A
6 A 7
106,000
200,000
153,^00
500,Ac.
1,000
....
7
110,000
992,000
100,000
1,000
....
Water loan
Park
•
Where Payable and
Whom.
Payable
4,5,7
3,372,900
1,000
1,000
....
Sinking fund bonds
Chicago—Water loan
....
1,000
....
•
....
100 Ac.
....
do
do
notes
Water loan, coup
1,000
....
1879
debt, coup.
1,000
1,000
....
1853 to ’54
1866
City bonds, coupon
Fire loan bonds, coupon
1,000
500 Ac.
When
Rate.
100,000
150,000
1,597,000
1,000
120788811
do
do
do
Water loan
do
INTEREST.
Amount
or
par
Value.
ix
127,143,900
$31,411,912
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
43,830,188
in the
year
1860, and from
Total
Valuation.
Tax per
$93,032,716
$17 45
136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184.498,505
183,952,9do
179,430,142
172,874.068
131,272,619
38,033,016
169,305,635
$1,000.
31
22
20
23
23
28
27
29
28
26
60
20
10
06
38
82
04
10
54
37
1881
161.404,393
The 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.
In 1880
tax rate was $31 per $1,000, and in 1882 will be $22 50. ( v. 32, p. 526.)
Cleveland.—The sewer, street improvements and street opening bonds
$27 40 are for special local improvements, and redeemed by assessments on the
1 property benefitted. Assessed valuation, tax rate, debt and sinking
28 60
28 60 I funds have been:
SECURITIES.
CITY
Subscribers will confer a great
[Vol XXXV.
immediate notice of any error
favor by giving
discovered in these Tables.
INTEREST.
For explanations see
Amount
Size or
outstanding.
par
value.
Date of
bonds.
DESCRIPTION.
notes on lirst page of tables.
1875
$1,000
Des Moines, Iowa—Renewed judgment bond—
1878
1,000
Funding bonds
1,000
ITetroit,Mich.—For Water W.Co., on city’s credit 1855 to’80
1859 to’71
Public Building stock (City Hall) bonds
1872 to’76
Public sewer bonds ($10,000 are Os)
1879
Bonds for purchase Bello Isle
1871 to’74
1,000
Elizabeth, N. J.—Improvement bonds
1870 to’75
1,000
Funded debt bonds
1872 to ’73
1,000
School House bonds
1865 to ’66
1,000
Market House bonds
1875-’76
1,000
Consolidated improvement bonds....
....
Funded assessment bonds
175,000
1,652,000
598,000
Redemption bonds
do
do
do
do
do
do
do
do
fall River, Mass— City notes
•
•
•
•
Large.
do
do
do
do
-
1,000
1,000
1,000
do
do
do
1872
1873
1871
1875
purposes... 1 869 to ’75
Fitchburg, Mass— City notes
City bonds
Water loan
do
Galveston, Texas- Bonds for various
Limited debt bonds (sinking fund 2 per cent).
do
do
Galveston County
100
1875
1379-80
1881
■r
1,000
1,000
B
C
D
Purchase-money bonds—Southern Park
Jersey City—Water loan bonds, mostly coupon
Water loan bonds ,mostly coupon
do
do
do
Forty-year bonds
Improvement bonds
.
do
Morgan street dock
Funded debt bonds
Old Jersey City bonds, coupon
bonds
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Greenville street improvement bonds, Ac
registered
Temporary loan
Bonds to fund floating debt. Ac., coup, or reg.
Bonds to pay maturing bonds, Ac
Real and
Tax per
Personaltv.
1,006.
$70,518,104
73,647,604
70,586,156
1881
$15lo0
15iSo0
141*20
1870
—V. 32. p.
G A 7
1874
1872
1873
1869 to’70
1877
1873
1874
1874
1875
1874
1852 to’67
1869 to’73
1877
1873
1871
500 Ac.
622,000
1,869,000
1872 to’76
1,000
2,161,500
1,000
125,000
1,000
1,000
500.000
■
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
109,500
1,163,000
3,109,800
416,000
837,400
Various
162,550
1869
1869
Various.
Various.
1875-’70
1876
1878
1879
1830-’l
1,000Ac
150,000
400,000
73,000
44,000
900,000
1,000Ac
Vari ous
500 Ac.
1,000
7
6
6
1,353,000
600.000
....
*
$2,300,100
1,580,000
1,176,200
6,326,250
5,888,250
7
200.000
Total Bonded Debt
General.
Special.
$6,201,000
6
6
7
6
6
7-3
7 3
7-3
7-3
7-3
6
7
6
7
7
7
7
7
6 A 7
7
7
7
7
400,000
—Population, 160,146 in 1830; 02,820 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 70,577; in 18,SjO, 110,340The value of water works is $3,082,708, against a debt of $1,052,000The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay inr. on them. Assessed valua¬
tion, in 1880-81—real property, $08,822,155; personal, $26,060,252:
total, $04,180,407, which is made on the basis of true value. Tax rate,
.$12-00 per $1,000.
Elizabeth, X. ./.—Default was made in interest Feb. 1, 1870. Suits on
bonds are pending.
Total bonded and floating debt January, 1882,
$5,370,353 and accrued interest to July 1, 1881, $072,OIK). ‘ Latest
proposition for compromising debt is in V. 34, p. 344. Estimated true
value of real and personal property is much over the assessed valuation
of about $12,000,000 (see V. 32, p. 012). Population in 1880, 28,220;
in 1870, 20,832. Assessed valuation, tax rate per $1,000 and debt
have been:
Years.
6
203,000
205,000
271,000
Various.
Hudson City
Assessment funding bonds
Revenue bonds, coupon or
-6
6
6
4 U2
6
1870
1S72
Various.
do
do
($60,000 are J. A J.).
Indianapolis— Bonds to railroads
Ponds to Un. RR. Tr. Stock Yard (mortgage).
Loan bonds, series A
do
6
110,000
1871-’74
Holyoke, Mass.—City notes
City bonds, sinking fund
Realty A Personalty. Tax Rate.
Debt.
$16,250,805 *
2*63
$4,000,000
15,280,888
250
5,130,000
356
5,330,000
14,014,013
11,530,031
5.400,000
2 12
231, 253, 312, 368, 420, 612; V. 34, p. 32, 177. 342, 663 ; V.
.
6
5
5
1,250.000
1863
•
May 1, 1893
May 1, 1899
Dec. 1, 1890
Dec. 1, 1895
July 1, 1895
April 1, 1906
May 15,1906
June 1, 1907
April 15,1908
Feb. 1, 1911
1882 to 1895
1883 to 1891
m
m
m
..........
1,000,000
1.000
Co.
....
125,000
500.000
130,000
300,000
188 L to 1906
1881 to’91
1892 to’94
1899
1879 to’81
1882 to ’95
1882 to’93
1882 to’86
1885 to’96
N. N. Y., Farmers’ L. A Tr.
do
do
N.
do
do
D.
do'
do
I).
do
do
J.
do
do
O.
do
do
N.
do
do
D.
do
do
do
do
F. A A.
Various
City Treasury.
do
Various
*
6
6
July, 1885
July, 1888
Aug. 1,1894
F. A A.
Boston, Revere Bank.
May 1,1895
M. A N. Boston, Bauk Redemption.
do
do
May .1, 1895
1896-1898
do
do
Feb. 1, 1900-1909
do
do
Nov. 1, 1892-1906
do
do
M. A N.
do
do
Aug. 1, 1899-1905
F. A A.
g.
6
7
6
6
6
10
8
5
6
225,000
1873
6
6
6
202,000
1879-*80
Capitol bonds
do
do
do
do
....
....
417.000
475,000
1,000
1,000
1,000
City bonds (II. P. it F. UR )
bonds are for $500 each)
do
do
do
Ac.
1,000
1,000
1,000
1,000
Park bonds (4 of these
Funded debt
Hartford town debts to railroads 10-25
do
war
do
do
floating debt
5 A
5
5 A
4
5 A
348,300
510,100
319,600
1877-8-9
1865-’70
Water bonds
do
do
do
do
do
1,000
1,000
1882
bonds, G. C. it S. F. RR
Hartford, Conn—Water bonds
Water loan
Railroad loan
1.000
City Treasury.
A
A
A
A
A
A
A
A
M.
M.
J.
J.
J.
A.
M.
J.
37ef 6, 7
600,000
450,000
100,000
261,860
500,000
450,000
550,000
200,000
50,000
400,000
300,000
1 00,000
1,000
1,000
Water loan
Years.
1870
640,000
1,000
1,000
1,000
1,000
'
City bonds
96,000
200,000
300,000
300,000
105,000
100,000
100,000
100,000
280,000
1000Ac.
do
do
Water works bonds
-
-
Various
Various
Various
A. A O.
7
7
7
7
7 3-10
7
7
6
6
6
250,000
100,000
-
-
Various
7
7
7
7
7
2,412,000
696,000
241,000
1,000
1,000
1,000
1,000
1,000
1,000
1863
1869
1870
1870
1870
1876
1876
1677
1878
1881
1
4
728,000
88,000
66,000
06087811 8 1
bonds
Evansville, Indiana—E. II. A N. RR. bonds
City wharf bonds
E. C. AP. RR. bonds
*
Tax arrearage
7
6 A 7
2 17,500
due.
*
J. A J. New York, Kountzo Bros.
do
do
J. A J.
Various N. Y., Metropolitan N. Bk.
do
do
Various
do
do
F. A A.
do
do
7
333,500
100,000
Principal—When
payable and by
whom.
payable
7 A 4
7
$229,000
•
Where
When
Rate.
5 AO
M. A N.
City Treasury.
J. A J. Boston, Merchants’ Bank
do
<lo
J. A J.
do
do
J. A J.
Galveston.
Various
do
M. A 8.
New York or Gsdveston.
J. A D.
>1. A N. N.Y., Amor.Exeh. Bk.AGal.
J. A J. City Treas. A Phoenix Bank
F. A A
City Treasury.
do
J. A D.
do
J. A J.
.Suffolk Bank, Boston.
J. A J.
F. A A. Merchants’ Bank, Boston
J. A J.
City Treasury.
do
J. A J.
Town Treasurer.
J. A J.
do
.1. A J.
do
,1. A J.
City Treasury.
Various
do
A. A 0.1
do
J. A J.
do
A. A O
City Treasury.
Jan.
N. Y., Winslow, L. A Co.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do *
.T. A J.
do
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bauk.
do
do
Various
do
do
J. A J
do
do
J. A J
do
do
M. A N
do
do
Various
do
do
J. A J*
do
do
M. A N.
do
do
Various
do
do
Various
do
do
J. A J.
do
do
J. A J.
do
do
Various
/do
do
J. A J.
Various N. Y., Merch. Ex. Nat. B’k.
do
do
J. A D.
'
F. A
May 1, 1908-1909
Nov. 20, 1882
July J, 1893
July 1.1891
July 1, 1905-1906
1883 to’91
1893-1909
1920
1902
1890-1895
Aug. 1. 1900
June 1, 1904-1905
Jan., 1906
June 1, 1891
Aug. 1,1882 A’ 84
Jan. 1, 1893
Jan. 1, 1897
1894-1900
$10,000 yearly
Jan., 1900
1881 to 1886
Oct. 1, 1889
Jan. 1,1900
Jan. A Apr. 1,1894
Jan. 1, 1889 to’90
Jan. 1, 1897
July
July
July
July
1,
1,
1,
1,
1893
1893
1894
1895
Jan. 1, 1S99
Jail., 1883 to ’95
1899 to 1913
July 1,1907
July 1,1913
May, 1891
1892 to 1906
Juuo 8, 1900
May 1,1897
lSS2-’90
’84-’85-’S9A1900
Jan.,’98 to 1900
July, 1889
1884 A 1889
1883-1886
1905-1906
June 1, 1886
Demand,
Feb. 1, 1909
Merch. Ex. Nat. B’k.
A. N. Y.,
do
1910
do
....
$110,107 Jan. 1,
Population,
Fall River, Mass.—The. sinking funds amounted to
IS82.
Total debt, including water debt, $3,455,860.
48.061 in 1860; 26,766
in 1870.
Fitchburg, Mass.—Sinking fund, $182,284. 138-'; 11,260 in 1870. Valuation, tax rate per
Years.
Real Estate. Pers’I Prop’ty. Tax.
Population, 12,2<0
in
$1,000, Ac.:
Debt. Sink’g Fd*,AC.
1870
$6,820,575 $2,208,818
17 80 $805,803
$!;>$,/Og
1880
6,868,225
015,523
188,817
2,264,610
17 60
18s 1
6,003,700
2,530,164
873,523
182,-81
18 00
—The assessed valuation of real estate is about the cash value.
Galveston, Texas.—Assessed value of real and 'personal property,
1 881-82, $17,625,862.
Tax rate, $1 50 on $100; 1882-83, tax rate l-'io*
In April, 1882, the Galveston County 10 per cent bonds were ealleu m
and 6 per cents issued instead. Population in 1S70, 13,812; in lose,
......
32,000.
Hartford, Conn.-Total city debt,
22,218; 1882, estimated,
,
April/- 1S82, $2,957,000; net, after
deducting resources, $2,117,T30. Town debts, $1,808,308; net,
538. Assessed valuation in 1881, about $47,500,000. Population,
37,743 in 1870.
. . „
Holyoke, Mass.—Bonds all coupon, but can be registered,
funds, $45,500. Total net debt. January. 1880, $052,500. Tax
tion, 1877, $9,309,820. Population, 21,015 in 1880; 10,733 in
Indianapolis.—The School Board is a distinct organization
its own tax ($2 20 for 1831), which is included in tax rates. 1 n ro
area few other small issues amounting to about$30,000.
vaiuauo
and tax per $1,000 have been:
Tax.
Total.
Personalty.
Years. “
Real Estate
$10-80
42.553 in 1880;
1878
1*79
km King
valua¬
18/0.
and levies
$39,156,400
38,280,235
39,100,250
39,063,725
$10,873,575
0,813,705
10,030,021
$50,029,975
48,099,940
50,030,271
9-30
10-70
10-70
51,901,217
12,837,492
—Population, 75,056 in 1880; 48,244 in 1870,
Evansville, I nil.—No floating debt. Population in 1S70, 21,830; in
Jersey City—One of the main causes of the temporary
1880, 20,280.
Assessed valuation (true value), tax rate per $1,000
of Jersey City is found in the failure to collect back assessments a
and debt have been ;
•om taxation,
ruo
m the immense value of railroad property exempt from taxation.
Years.
Real Estate.
Tax.
Debt.
Personalty.
uent in his report*
Comptroller, in Feb., 1882, made the followingstatemei Co. $2J>6o.0o5
1870
$12,381,475
$4,026,350
$15 00
$1,551,000
and
2,971,509
12.010.360
5,232,645
15 00
1,651,000 Total taxes overdue Feb. 1, less deductions due State ~
Total assessments due and unpaid
13,025,325
5,370,040
12 50
1,651,000
35,
p.
78, 431.)
.
einbarrassmen
October,
CITY
1882. J
Date of
description.
Size
Bonds.
,
^explanations see notes on first page of tables
....
Bonds,
*•
*
rSfon1,°3/e.'-City bonds ($25,000 each
bonds ($50,000 each
1874
bonds
Water
. ..........
do
improvement of streets
Re-constructing street.
Public building And institutions..
Public school and school houses
Sewer bonds
For
do
- — -
Elizabeth A P. Railroad
Wharf property
Jail bords....
For old
do
liabilities
Mass.-City notes
....
dO
do
City Hall and School House
Manchester, A. if.—City bonds
City bonds
do
-
1868
1869
1871 to’74
1871
1871 to’73
1851 to’63
1880
1852 to ’75
1871 to’76
1870
1881
....
320,000
224,000
500,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
372,000
1,302,000
56,000
190,900
600,000
650,000
3 78,000
81,000
423,000
1,981,000
267,000
134,000
77,000
513,000
485,000
350,000
1,408,000
1,000,000
481,000
Large.
Large.
500,000
1,300,000
1,000
5,000
75,000
175,000
121,500
450,000
Large.
Large.
1.000
500 Ac.
387,500
44,200
1,000
100 Ac.
107,500
150,000
70,000
200,000
400,000
100 Ac.
60,000
...
....
....
....
1874
1872
1881
1867 to’68
Kater bonds ($100,000 each year)
do
do
do
.'
Bridge bonds
Memphis, Tenn.—School and paving bonds
1870
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis Sc Little Rock RR
Compromise bonds, coupon
Milwaukee, IFt.sv—Re-adjustment bonds
General city bonds
.
.
.
Bridge bonds
Water bonds, coupon
do
registered
Minneapolis, Minn.—City bonds
City bonds..:
-
....
....
....
1882
:
....
....
....
....
.
Nashville, Trim.—Various city bonds
Newark—Bonds, city purposes (a. fund of 1859)
War bonds, Boating debt, Sec. (s. fund of 1864)
Public school bonds
Clinton Hill bonds, coup. & reg. (s.
1881
1870 to’81
.
...
Corporate bonds, coup, or
Sewer and improvement bonds (local liens).
Aqueduct Board bonds
Tax arrearage bonds
.
1875
1878*’80
1871-’79
ri 00 r-
Bedford, Mass.—Bridge and city bonds
City improvement
War loan
Water bonds
do
do
1801-’74
1875
100,000
4
429,000
10,000
1,000
1,000
1,171,000
250,000
7
7
8
8
8
4io
10
8
7
8
7
3 to 5
6
6 A 7
6 A 7
7
7
5 A 6
7
7
7
70,000
500
50,000
1,000
366,000
60,000
124,500
500
500
110,000
11 5,000
1,000
500
500
500
100 Ac.
125,000
(?)
1,417,400
44,000
1,840,000
1,000
1,000
500,000
1,000
1,200,000
2,500,000
3,030,000
1,331,000
170,000
45,000
223,000
400.000
1,000
1,000
....
10,0*00
66.000
1,000
1,000
1872-’74
1881
1,000
100,000
400,000
200,000
50,000'
1,000
Of these, $5,450,243 was estimated to be collectible.
The total debt of the> city February, 1882, was $16,198,951;
""
1881
1882....
-(V. 32, p. 133, 566
;
$54,993,918
54,122,875
54,619,565
56,125,552
V. 33, p. 153.)
Personal Prop.
$5,340,860
5,343,815
4,786,037
5,640,300
Tax Rate.
$28 00
28 00
29 80
29 00
Lawrence. Mass.—Total debt,
lax
valuation,
1331
$1,727,000. Sinking fund, $125,395*
$25,348,620; tax rate, $16 00. Population’
30,lol in 1880; 28,921 in 1870.
A.Lwiston, Me.—Total debt, April 1, 1881, $1,169,500; sinking fund,
8143,980.
Aiiimrn
The, railroad bonds
were
6
6
5
5
6
7
4
J.
& J.
*AJ.
Memphis.
£
FS90 Si ’97-1901
1880 to ’97
1880-’81
1879-1884
1882 to 1892
July 1, 1894
Oct. 1,’90, to 1900
July 1, 1882
June 1, 1883 &’88
July 1.1885A1901
July 1, ’93-1913
Oct,1,’97-1907*’1T
April, 1883
1887, ’89, 97
March 1, 1883
1886,’ 96, ’97
July 1, 1903
1891, ’92 Sc 1903
1883 to’89
July, 1898
June, 1901
1888 & 1903
1883 to 1898
Oct. 1, 1898
1889
1894 A' 1901
Sept,, 1891
July, 1901 Si 1903:
1886 to ’93
Mav 1, 1920
1882 to 1894
1886 to 1894
Nov. 1, 1890
Nov. 1, 1911
1887 to1890
1885 to 1890
July 1, ’91-’94-’96
i879 to 1896
1882 to 1896
Jam 1, 1883-1894
April 1, 1884-’85
May 1, 1893
Jill v 1, 1890 Si ’95
1887-’92-’97-1902
July 1, 1911
1873 to 1902
1873 to 1900
Nov., 1900
Charleston, S. C.
July. 1872
1907
J. & J.
City Treasury.
June 1,1891
J. & I>. Mil.AN.Y., Morton B. Sc Co.
Jail. 1, 1901
do
do
J. & J.
do
do
June 1, 1896
Sc I).
do
do
Sc J.
Jan. 1, 1902
do
do
J. & J.
Jan. 1, 1902
do
do
J. & J.
Dec. 2, 1892
J. A I). New York, Nat. Park Bank,
Feb. 2, 1894
do
do
F. A A.
do
do
M. A N.
May 1, 1905
In 20 or 30 years.
do
do
M. & S.
do
1881 to 1885
do
Various
1886 to 1900
.do
do
J. Sc J.
do
do
J. & J.
July,’91-’96-1902
do
Feb. 1, 1891 & ’9
do
F. Sc A.
Nov. 1, 1901
do
do
M. & N.
Jail. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1881 to’99
Various New Yivrk and Nashville.
1883 to ’93
Various
Newark, City Treasury,
1883 to’91
do
do
Various
do
do
A. A O.
April, 1888, to’91
July 1, 1895
J. A J. Newark, Mech. Nat. Bank.
1908 Sc 1910
Various
M. & S. Newark, Mech. Nat. Bank, 1886, ’93 Si 1909
1879 Si 1892
do
do
Various
1886-’87
do
do
F. & A.
A. A O.,
A. & O.
A. A O.
A. Sc O.
A. & O.
A. & O.
A. Sc O.
City Treasury
do
1882
1891
1882
1900
1885
to 1889
to 1910
1884
1904
1909
1909
1887 to 1891
to
to
to
1883 to
City Treasury
Total debt, $953,100. Assessed valuations (about 70 per
value), tax rate per $1,000, Ac, have been :
Years. Real Estate. Personal Prop. Tax Rate. Total Debt. Sink.Fds.&l
1879
$9,777,744
$7,705,706
$15 00
$973,007
$37,347
1881
10,557,892
7,385,416
17 60
1,004,412
38,860
before 1887.
sinking
hhuls, $1,254,499.
Population in'1880, 120,722, against 82,516 in
1870. Taxable valuations and tax rate per $1,000 have been :
Real Estate.
M. & N.
1,000
1,000
Years.
J.
100,000
3 876
1867 to’76
Sewer bonds
,
6
1,000
1,000
1,000
t- t-
78-9-80-81.
.
6 g.
6
7
6
5
7
7
1,000
500 Ac.
York, Kountze Bros,
Various
Boston, Tremont Bank,
6 A 7
Various
do
do
6
J. A J.
do
do
6
A. Sc O.
do
do
J. & J. City Treasury and Boston,
6
6
J. Sc D.
do
6
J. & J.
do
6
J. A J.
do
5
A. A O.
do
6
A. & O.
N. Y., Bank of America,
6
Various
do
do
M. A S.
7
do
do
6
Various
Louisville.
J. & J.
N. Y., Bank of America,
7
Various
7
do
do
6
Various New York, U. S. Nat. Bank.
6
J. & J. Louisville, City Treasurer.
7
J. & 1).
N. Y., Bank of America,
7
Various
do
do
6
Various Louisville and New York,
do
6
A. & O.
do
J. & D.
6
do
do
do
Various
7
do
7
M. Sc S.
N. Y., Bank of America.
J. & J.
do
do
7
Various New York and Louisville.
6
5
M. Sc N.
N. N., Bank of America.
5 to 7
Various
City Treasury,
Various
do
6, 6*2
6
M. A N. Boston, N. Bk. of Redemp.
M. A N
4
Boston, Blake Brothers.
Various
6,7
City Treasury,
do
Various
6, 7
J. A J.
6
Boston, Bank Republic.
5,
6 Various Treas’y Sc Bust. Bk. Repub.
do
do
Various
5, 6
6
J. A J.
City Treasury,
6
A. Sc O.
do
6
M. & N.
Suffolk Bank, Boston,
6
J. Sc J.
do
do
I. & J.
6
City Treasury.
J. & J.
4
do
341,000
60,000
300,000
900,000
302,000
242,000
1,000
New
5*2
1,300,000
1,000
1,000
.
....
do
|
1,000
....
•
fd. 3 p. c.).
reg.(act Apr. 21/76)
New
Ac.
.
1857
1877
1861
1871
1876
1882
1872
1872
do
do
do
Western division
do
do
do
do
Mobile— Funding bonds
100*
1867, ’8, ’9 500 Ac.
Post bonds
do
25,000
100,000
....
1853
1857 to’67
1873
1866 to ’67
1873
1871 to ’73
1853 to’69
1868
1871
1868 A ’73
i
1,300,000
....
....
1870-’3-’5
1871-’4-’6
1862 to’76
1857 to’67
Funded debt
133.000
....
....
Water notes
Water bonds
do
10
Due.
dOv
....
’54/62,3, 8
do
Louisville, New Albany & St. L. Air Line RR.
Road bed, Louisv., Oin. Sc Lex. RR
bonds payable l>3r Louisv. & Nash. RR...
Old liabilities (half are 10-10 and half 20-40).
Lowell, Mass— City notes
r-Water notes
Water bonds
Water notes
Lynn,
Whom.
do
....
....
....
stock of L. Si N. RR...
works
Water
Payable
8
262,000
500 Ac.
....
"\
781
year).
Railroad
Louisville, Ki/.—Subs, to
Principal—When
Where Payable and by
7
1,000
1873-’75
year)
($110,000 due 1885, $210,000 1891)
Lewiston A Auburn
Rate.
When
852,000
117,782
33,000
....
1859 to ’64 5000&C.
1862 to ’75 5000Ac.
do
do
outstanding.
....
Lawrence,'Hass'.-Funded debt
Funded debt
Pitv
INTEREST.
Amount
or
par
Value.
xi
$385,000
City, Mo— Bonds
Kansas
SECURITIES.
issued to build the Lewiston
A
Railroad, which is owned by the cities of those names. Popula¬
tion, 19,070 in 1880; 13,600 in 1870.
Louisville.—The funded debt, Jan. 1. 1882, exclusive of loans payable
oy railroads, was
$8,759,000, against $8,812,000 Jan. 1, 1881. The sinkmg lands on
Jail, 1, 1882, amounted to $6,296,466, including back
J-^l* Pbp'dation by census of 1870 was 100,753, against 123,758
cent of true
..
...
—Population, 32,630 in 1880; 23,536 in 1870.
interest since Jan.
the
ity was
ompromise bonds were issued at 50 cents on the dollar. Assessed valuation
real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate,
per $100. Population in 1870, 40,220; in 1880, $33,592.
(V. 32, p.
183, 396 ; V. 33, p. 176 ; V. 34, p. 147, 604.)
of
$2
70,
Milwaukee, Wis—The city cannot issue debt beyond 5 per cent of its
assessed value for live years. In 1881 valuation was$53,17.3,078.
Sinking funds are provided for all the bonds. There W also about
$17,000 scrip issued to settle old railroad bonds. Population, 115,587
in 1880; 71,440 in 1870.
average
Minneapolis, Minn.—Total debt, $1,188,000; tax valuation, 1881,
$31,188,480; tax rate. 20*2 mills; bonds all coupon. Population,
^*u' following figures give the assessed property valuation: 46,887 iu 1880 ; 13,066 in 1870.
to"7t
’
9nA7; «V8’52-,947; 1878, $63,194,487; 1879. $64,018,242; 1880, $66,- Mobile.—The valuation of property is about $14,500,000. Inter¬
zuo.440; 1881, $68,753,770, of which $51,587,908 was reality. Tax est was in default from
July, 1873. A settlement with bondholders was
rate in
1881, $2 15.
ottered by act of March 9, 1875.
In Feb., 1879, the Legislature repealed
—All the notes held by savings banks. Water loan siidc- the charter of the city.
Tn Oct., 1880, bondholders ottered to take new
in'icoA1’ y309,ldo; other sinking fund#. $$8,280. Population, 59,475 25-vear bonds, bearing 3 pm* cent for 5 years, 4 per rent for 15 years,
4(h92S iu 1870. Assessed valuations (about 80 per cent of ami 5 per cent for 5 years. Population, 31,297 in 1880 ; 32,031 in 1870.
tvnr
“,e \alue), tax rate, per $1,000, Ac., have been :
Nashville, Term.—Assessed valuation of all property in 1881 was $12,ioVAava* Real estate. P’sonalProp. Tax Rate.
Debt. S. fund, Ac. 179,450 real property and $3,070,125personal; tax rate, $20per $1,000.
724*5
$27,112.7-17 $12,951,379 $13 70 $2,311,000 $184,296 Population, 43,350 in 1880 ; 25,865 in 1870.
27,4.40,570
240,000
toftY
12,164,430
13 40
2.281,500
881
Newark.—The bonds in the first line in the table arc payable out of the
29,627,847
13,158,638
15 70 ,2,389,300
397,740 sinking fund of 1859, which amounts to $98,448; those in second lino
Mttss.—Total debt, January 1,1880, $2,147,487. Assets, $455,- out of sinking fund of 1864, $1,500,082; public school bonds out of
-Population; 38,274 in 1880; 28,233 in 1870.
public school fund, $347,584; Clinton Ilill bonds by sinking fund
Manchester, N. if.—There
also $16,000 5s and $19,000 6s due $116,034; tax arrearage, $621,075; corporate bonds, $134, i84; street
t
i
•
about
|
SECURITIES
CITY
xi i
Subscribers will confer
a
[VOL. XXXV,
immediate notice of any error discovered In these Tables,
great favor by giving
INTEREST.
DESCRIPTION.
For
explanations
see
notes on first page of tables.
New Haven, Conn.—Sewerage
For
Date of
Bonds.
Derby Railroad ($20,000 payable yearly')
Cityr bonus (10-20 bonds)
New Orleans— Consolidated debt
1871
1867
1877
1852
1854-55
1869
1869
1870
Size
or
Amount
par
Value.
outstanding
$1,000
$499,000
1,000
1,000
100,000
150,000
1,000
4,300,000
~
18709.
567,750
....
375,750
85,500
-
10
8,509,640
New*prcmium bonds (in exchange)
357.000
100 <kc.
100 Ac.
100 Ac.
-
7 g.
2,900,000
1872
1846 to’69
1865-6
1870 to’79
1871 to’79
1865 to ’74
1866 to’70
due ’98) 1857 to ’59
1879
Improvement bonds
1856
Central Park fund stock
1858 to’71
Central Park improvement fund stock
Dock bonds
1870-’7n
Market stock
1865 A ’68
1869
Cityr Cemetery stock
1876
City improvein’t st’k (part red’mable after ’96)
do
1870-’73
do
1869-’70
Lunatic Asydum stock
Fire Department stock
1869 ’70
1870-’73
Fire telegraph bonds
1870 •>
Tax relief bonds, coupon
•.
N.Y.Bridge bds ($2,421,900 red.after July',’96) 1869-’79
1869-’70
Accumulated debt bonds
Street improvement bonds
1874-’77
1871
Street opening and improvement bonds
1871
Ninth District Court-house bonds
1874-’79
Department of Parks improvement bonds
Assessment bonds
1874-’78
1871-’78
City parks improvement fund stock
1871
Normal school fund stock
Public school building fund stock
1871
Additional Croton water stock
1871-’79
Sewer repair stock
1872
1874
Consolidated stock
do
20-50 (redeemable Julv ’96)
1876
do
Museum of Art and Natural History stock
1873-’79
1874
Third District Court-house bonds
Central Park commission improvement bonds 1878 A ’79
1862 to’68
County Court-house stock
ao
1871
do
No. 3
do
do
No. 4A5
1872 9
Soldiers’ bounty fund bonds
1864
Soldiers’ bounty fund bonds, No. 3
1865
Soldiers’ bountV fund red. bonds, No. 2
1865
Riot damages indemnity bonds
1864 to ’72
Assessment fund stock."
1868 to’72
do
do
1873
do
do
1875
1870
Repairs to buildings stock
Consolidated stock, gold, coupon
1871 to’72
1869 to ’70
Accumulated debt bonds
N. Y. and Westchester Co. improvement bonds
1870
1874
Consolidated stock
For State sinking fund deficiency'
1874
Debt of Westchester towns annexed
Consolidated stock, gold
1878
Consolidated stock
1880
Bonds for bridge over Harlem River
.
Norfolk, Fa.—Registered stock
Coupon bonds ($20,000 6s are J. & J.)
Coupon bonds of 1881 (exempt)
Trust & paving, coup, (pav’g, $189,300, J.AJ.)
Coupon bds, water (a mort. on water works.).
1870-’74
1881
1872-’73
100 Ac.
100 Ac.
100 Ac.
500
T00 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac,
500 Ac.
500 Ac,
100 Ac,
100 Ac.
100 Ac
500 Ac.
500 Ac,
100 Ac.
100 Ac.
100 Ac,
500 Ac,
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500
500 Ac.
500
500 Ac.
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
500,000
399,300
3,849.800
700,000
521,953
597,586
3,000,000
4,671,901
6,500,000
727,900
250,000
300,000
1,241.000
8,259,100
7
5 A 6
7
7
5
4 A 5
5,744,000 5,6,7A6g
6
6
2,710,000
265,000
8,779.700
2,058,350
466,408
958,000
398,000
333,000
1,100,000
600,000
653,100
4,000,000
745,800
'376,600
855,204
1,829,000
493,200
900,450
100,000
Ac.
14,702,000
6,000,000
30,000
1,680,200
1,559,798
4, 5,6 A 7
6
6 A 7
5 A 6
4 A 5
4, 5 A 6
5 A 6
5
6
7
5 A 6
6
7
7
6
6
6 A 7
6
6
6 g7
6
7
7
,
.
©
t 5
O
1871
New Bedford, Mass.—Population, 26,845 in 1880; 21,320
Assessed valuations (true value), rate of tax, &c., have been:
Personal
Rate of Tax Total Debt,
Real Estate.
Years.
Property.
Bonds.
per $1,000.
4
4 A 5
6
6 A 8
5
8
8
500,000
f20 60; 1880, $82,140,700;1880. rate,34, p. 90. Population in 1870,
tax (V. $20 489.)
05,059, against 136,508 in
in 1870
1888
G0
K
$12,898,300 $12,874,418
$16 40
$1,123,000 •$104,100
15 70
104,100
13,138,400
13,137,519
1,059,000
18 00
13,505,400
13,609,922
1,084,000
104,100
New Haven, Conn.—Municipal bond fund, $30,417. The city made a
special loan of $75,000 to the New Haven & 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.
Debt.
Funds, Ac.
Property.
per $1,000.
1879.. $34,922,157
9
mills.
12,130,874
$874,000
$156,450
1880..
9
34,797,569
13,097,158
854,000
176,392
1881..
10
32,966,440
13,639,376
774,000
169,214
New Orleans.—A decision of Louisiana Supreme Court, Dec., 1878?
held invalid the special tax provisions for consolidated bonds, but on
appeal to U. S. Supreme Court this was reversed April. 1882. In Jiiih
1882, a law was passed to issue new 6 per cent 40-vear bonds for all
old bonds other than premiums, redeemable after 1895. The assessed
valuatiouof property, real and personal, for 1882 is about. $1<»3,177.24!
A scheme for settling the debt by a bond premium drawing plan is in
practice, and drawings take place January'31, April 15, July 31. and
October 15. On Jan. 1, 1882, the total bonded debt was $14,704,236 ;
and total floating debt, $2,398,869. The uncollected taxes for 1878
and prior years, payable in scrip, were $1,336,948, and for 1879-81,
payable in cash, $704,236. Population in 1870, 191,418; in 1880,
216,090. (V. 34, p. 292; V. 35, p. 50.)
Newton. Mass.—Sinking funds, January' 1, 1882, $135,980. Tax valu¬
ation, 1880, $25,200,100; rate in 1881, $14 00 per $1,000. Population,
16,994 in 1880; 12,825 in 1870.
,
.
’89,’92,’96A1926
^
1880 & 1892
1889
1899
1884
1890
%
.02
00
1905.1926A 1928
X
5
X
1884 to’88
1884, & 1888
1882
1890
©
cs
O
Nov.l,1882to’84
*
*
s?
©
^
Nov. 1,1882 to’85
1901-1004
Nov. 1,1891
Nov. 1,1891
1891 & 1899
Nov. 1,1882 &’85
1894 to ’96
J
•
Ota
May,’97,1916-’26
OU
1889 A 1899
1903
Nov. 1,1890
Nov. 1.1884
1882 to’92
1884 to’88
1894 to ’98
1883 to’90
1895 to’97
1891
1882
1887
1903
1910
1884 to ’88
1896 to 1901
1884 to’88
1801
r—S £
3 &
,
Pm aj
§2
O
o
03
OS
o
i,
3-2
©
r-H
2
■
f-s
S
08
m
1896
1883 to’86
00
<D
1908-1928
1910 *
Nov., 1891.
1882 to ’85
’90-’94-’99,1900
April 1.1911
Apl.,’92; July, ’93
May, 1901
New York City.—The total debt of New York, July 31, 1882. was
$136,538,807; the amount of sinking funds, $39,035,499. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named:
Jan. 1,1881.
Description.
Total funded debt
Jan. 1,1882.
$133,535,019
$134,400,507
36,110,301
32,993,024
Sinking fund
Trust
Funds.
1887 A 1895
Nov. 1,1001 to’12
1804 A 1897
<D
129,000
491,031
417,000
320,000
415,800
100
July 1,1898
rtj
M. A N.
a
M. A N.
M. A NJ
J. A J. Norfolk, Treasurer’s Office
do
do
M. A S.
do
do
J. A J.
do
do
A. A O.
M. A N. New' York, Park N. Bank.
5 g.
6,900,000
2,-00,000
ioo
a
SB
875,500
500 Ac.
500
500
100
100
Nov. 1,1000-1906
1007 to 1917
1007 to 1911
1887 A 1898
1884
G
Q.-F.
Q.-F.
4, 5 A 6
636,000
Aug. 1,1884
Aug. 1,1900
c
M. A N.
6 A 7
6
6
7
200,000
Nov. 1,1902
1883 A 1k90
©
Q.-F.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N,
M. A N.
M. A N.
M. A N.
M. A N..
Various
M. A N
M. A N.
M. A N
M. A N.
M. A N
M. A N.
M. A N.
M. A N
M. A N.
M. A N.
M. A N.
M. A N
M. A N.
M. A N.
M. A N.
M. A N.
Various
M. A N.
M. A N.
J. & D.
M. A N.
July 1, 1905-’10
'C
Q.-F.
Q.-F.
9,068.000 4, 5,6 A 7
6 A 7
296,000
7
75,000
2,229,500 5 A 6g.
7
7,269,400
improvement and sewerage, $41,000; aqueduct board, $176,954. P.eal
and personal property have been assessed at near the true value as
follows: 1878, $86,257,175; tax, $19 80; 1879, $78,658,918; tax,
Q.-F.
Q.-F.
6
6
6
5
5
6
3,341,071
1883 to 1895
City Treasury,
Coinm’mvealtk Bk
J. A J. Iloston,
M. A N.
6 A 7
5 A 6
6
490,000
Ac
July l. 1892
1874-5 & 1894
Jan. 1, 1899
March 1, 1894
June 1, 1895
1887 to 1897
Auk. 1, 1911
July 1, 1922
April 1, 1881
do
A. A O.
4* 5, 6
970,637
Ac.
Ac.
Ac.
Ac.
July 2,1887-97
do
do
do
do
do
250,000
3,618,600 4,5,6 A 7 Q.-F.
5,196,000 4,5, 6 A 7 M. A N.
500 AC.
do
New7 Orleans.
5. 6A 6Various
870,000
500,000
500 Ac.
100
500
100
100
100
100
New York or London.
New Orleans.
Oct. 1. ’01 & 1901
Oct. 1, >2 to ’86
do
•
5
N. O. Waterw’ks Co. new bdsjfor $2,000,000)
1864 to’75 1,000Ac
Newton, Mass.—City' bonds and notes
Water loan ($600,000 6s)
1875-76-80
1,000
Croton water stock
New Croton Aqueduct stock
Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bonds
Croton Aqueduct bonds
Cent. Park fund stock ($275,000 only
City Treasury.
Q.-J.
due.
whom.
A. A O.
A. A O.
J. A J.
J. A J.
Various
J. A J.
M. A S.
J. A I>.
Various
F. A A.
7-3
19,950
130,000
298,250
Principal—When
payable and by
payable
7
6
5
6
6
5
7
7
8
82,700
....
...
Rate.
51.000
Railroad debt
1,000
Waterworks loan of 1869
Seven per cent funding loan of 1869
Seven per cent funding loan of 1870
Jefferson City7 (debt assumed)
’57, ’67,’70
1871
8treet improvement bonds
1,000
1872
1,000
Consol, gold bonds (gen’l and drainage series)
1871
Various.
Ten per cent bonds, deficit and old claim
Where
When
Net funded debt...
Revenue bonds
$100*541,995
5,524,245
$98,290,206
4,328,095
31,1882
$136,538,807
July
39,035,499
$97,503,308
16,109,529
$113,612,837
by the United States census, in 1870 was
$106,066,240
Total debt
$102,618,301
Tlfte population of New York,
942,292, and 1,206,299 in 1880. Since Jan. 1, 1865, the valuation, raw
of taxation, and net funded debt at end of year, have been as follows.
Rate Tax p.
Real
Estate.
Years.
1865..
$427 ,360,884
742 ,103,075
1870..
1871.. ..769 ,302,250
797 ,148,665
1872..
836 ,693,380
1873..
881 ,547,995
187 It.
1875..
883 ,643,545
892 428,165
1876..
895 ,963,933
1877..
900 ,855,700
1878..
918 ,134,380
1879..
942 ,571,690
1880..
976 ,735,199
1881..
1882.. ....1,035 ,203,000
....
....
....
....
....
....
....
....
....
....
....
Less siuking
funds.
Personal
Estate.
$181,423,471
305,285,374
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
$1,000^
State.
City.
$4 96 $24 94
2
4
5
5
6
70
43
20
41
95
-29
28
19 80
27
81
59
05
40—
00
26 50
25 50
25 80
25 30
26 20
22 50
17
23
19
21
Net
Debt.*
Dec.
31.
$35,973,597
73,373,o52
88.369,386
95,467,ljd
107,023,471
114,979,970
116,773,721
msU’J
117,700,/ 42
113.418,403
109,425,414
106,066,240
102,618,301
198,272,582
t Annexed towns included.
The reduction between the amount of taxation in the
1880 was about $3,400,000.
There was, however, uo
tion in the expense of administering the City
years
18/4 and
substantiall y^
as redocGovernment,
Subscribers will confer a great favor by giving immediate notice of
Date of
DESCRIPTION.
».
notes on first l>ageo f tables.
for explanation s see
Norwich,
1868
1K77
Conn.—City bonds
.
Kn
Water
($50,000 1890,
Court House*
Sinning fund
da........
i898
$250,000,
Funded debt
r uiiui i*
.
t..
bonds
-
<.
.
w
m
./v-
L«
t.
^1 e
nn/i
18(5!)-’80
1863-’(5.)
1877
»)
bonds.
Funding bonds, “A”
• •
Renewal bonds,•arid •C”
Philadelphia— bonds prior to oonsolid
Bonds for railroad stock subsidy su
War bounty
do
do
do
Bonds
do
for
for
for
for
water works
bridges
park and Centennial
1877-’78
.
1855
1855 to’71
1859 to ’70
1868 to ’7t
1862 to 65
7 860 to ’71
s
.
.
---
$125,000
5
1,000
300,000
161,900
.
1,900
1,000
113,500
130,000
395),000
388,000
100,090
1 10,000
4,326,166
1,725,000
6,500,000
4,853,500
8,701,600
187-920.
81
war
and bounty purpose!
.
municipal, school, sewer, Ac.
Guaranteed debt, gas loans...
percent loan (“A” to “ V’)
Peoriu, Ills.—Sc bool loan..
Water loan ($50,000each year)
Four
Water loan
do
Peoria A Hock
.
I
.
....
-
.
rew)
-
Compromise railroad bonds (coup, and
.
.!
=
Recruiting and ixmnty bonds.
registered
do
City Hall A sewer loan b’ds, sterling,
<lo
cp. or re
loan of 187b
Public improvement loan, registered
•
*
do
do
New High School
do
coupon
Building certificates
..
1879
are
New lives
1,000
1-
500 Ac.
.
1,000
1000Ac.
1000Ac.
1000Ac.
1000Ac.
£100
1000Ac.
2,347,000
1,653,000
1,500,000
1,397,250
1,900
1,000
.
1,000
....
1875
100
100
100
100
....
City RR.
Ac.
Ac.
Ac.
Ac.
500
500
100 Ac.
500
50 Ac.
Various
Various
Various
Various
1,000
1,000
Various
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
461,000
8tate taxes was about equal to reduction in tax
levy. (V. 33, p
40, 244; V. 25, p. 51 ; V. 35, p.
265.)
Norfolk, Ta.— The assessed valuations and tax rate per $1,000 have been:
Real Estate.
io&ar8,
Personalty. Tax Rate.
$8,689,716
$1,497,130
$19
19
1,463 498
20
1,310,861
1882-v
9,526,466
-Population in 1870, 19,229 ; in 1880, 21,966. 1,627,855
Norw&h, Conn.—The assessed valuations, tax rate, Ac., have been :
•
Real
Estate.
,r
Years.
8,184,815
-}§Z®
18Z9
Personal
Property.
Rate of Tax
per
$3,725,846
3,273,074
8
763,277
771,863
777,312
7
3,039,564
7,435.418
3,057.099
9
—Population, 21,145 in 1880; 16,653 in 1870.
-
^—Finances
assessed
187Q
fftlg
ISqX
are
apparently in
value of real estate is
8*
.
187u
near
6
1898,15)08 A1910
Jan. 1, 1905
April 1, 1908
Dee., 1882-1904
Dee., 1882-1900
1882-1902
Dec., 1879-1900
June, 1887
1901-1904
1882 to ’85
S
)
> 1879 to 1905
s
1883 to 1905
1881 to 1904
1886 to 1890
May 15,1881
June
July 1, 1888
1893 to ’98
1908
1881 to 1912
15)13
1883 to ’85
1884
Boston, Blackstone N. B’k. Nov..1886,’87,’88
do
do
July, 1887
do
do
July 1, 1897
A S.
do
do
Sept. 1, 15)07
Boston and Portland.
do
1
6g.
1881 to’95
June 1,1887
A 8
Sept., 1885
Jan., 185)3
Jan., 1900
0
.
7
1,1888
1889-1891
Philadelphia.
Providence.
AM.
do
A J. Boston, Prow and London.
g.
A J. N. Y., N. City Bank, A Prov.
g.
A J.
do
<lo
g.
A J. London, Morton, Rose A Co
g.
A
4^
Providence.
D.j
5
do
7
J. A J.
do
5
M. *fc S. |
Treasurv.
M. A N.
4Hs
j Boston and Providence.
Various
do
4^
do
6
J. A J.l
Richmond, Treasurer.
8
J. A J.|
do
do
7
7
7
1879 to 1903
A N.
A J.
A J.
lu’nthly
J. A I).
M.
J.
J.
J.
J.
J.
J.
1, 1893
April 1, 15)07
J. A J. N. Y.. Metropolitan N. Bk.
F. A A.I
N. Y., Union Trust Co.
Various* New York and Rochester.
J. A J.l
N. Y., Union Trust Co.
do
do
New York City.
Semi-an
City Treasury.
J. A J.
do
F A A.
do
M. A S.
do
Various
M. A N.
Various
J. A J.
F. A A.
Various
Various
Various
Various
F. A A.
Various
Various
F. A a.
J. A D.
A. A O.
Various
M. A N.
M. A N.
J. A J.
Various
J. & D.
Jan., 1900
1, 1906
July 1, 1895
June 1, 1899
July 1, ’99 A 1900
•I ill v
185)2
Sept. 1, 1882-’84
May 1. 1885-’86
1882-’89
J. A J., 1880-1912
1886A1904-1909
1881 to 1908
1893
1902
Jan. 1, 1903
1905
pay.’92, red. 1912
1882 to 1897
1882 to 1899
1891
1892
N. Y., Nat. B’k Commerce.
1880 to’89
do
do
Nov., 1889
3t. Joseph and New7 York.
1880 to’89
N. Y., Nat. B’k Commerce.
1891
do
do
1901
N. Y., Nat. Bank Republic
1881 to’91 do
do
1882 to 1906
do
do
1882 A ’87
do
do
1882 to’83
do
do
Aug., 1898
do
do
1882 to ’89
do
do
1881 to’88
: N. Y., Nat. B’k Commerce.
Feh. 1, 1885
New York and St. Louis.
June, 1887, to 90
1V. Y., Nat. B’k Commerce.
April 1, 1892
New York or London.
185)1 to’94
do
do
*
Nov. 1, 1893
do
do
May 1, 1895
do
dec
1894 A 1899
do
do
ran. A June, 1900
1'l. Y., Nat. B’k Commerce.
Dec. 10, 1892
Assessed valuations^ of property for 1882 are:
Full city
proi
$491,481,202; suburban property, $35,197,912; farm property, $lf
.
096,115; all the personal being classified with the full city property
Population, 1870, 674,022, against 847,170 in 1880.
Peoria, III.—Total debt, $673,500 in 1882.
Population, 29,259 in
1880; 22,849,in 1870.
Pittsburg.—Assessed valuation in 1880: Real property, $85,744,990 ;
personal, only $2,516,540. Tax rate, 1880, 20-4 mills per $1. Popu¬
lation, 156,389 in 1880; 86,076 in 1870. interest defaulted April,
1877, on Penn Avenue improvement bonds, legal points beiug dis¬
puted.
Portland, Me.—The sinking fund and available assets March 31,1882,
$145,986. The city is protected by mortgages on Atlantic A St.
Lawrence and Portland A Ogdensburg railroads. Population in 1879,
35,010, against 31,413 in 1870. and 26,341 in 1860. Population In
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, Ac.,
were
have been:
214
its cash value
Real Estate.
$585,408,705
593,313,532
577,548,328
526,539,972
529,1(59,382
543.6(59,129
545,608,579
3,535
9,191
a sound condition.
valuations, tax rate per $1,000, Ac., have been
9‘
Real Estate.
Personalty.
Rate.
Tax Ri
1 *850,857
$3,255,659
214
15,923,108
3,246,501
24
-rwXVV16,308,(508
3,544,517
Population, 51,031 in 1880; 33,579 in 1870.
1Q7K
Sinking
$1,000. Debt. Funds, Ac.
$11
$7(55,6(54
$-
7,794,678
---
Total
M.
J.
J.
M.
7
4
4 A 5
359,050
176,000
6
1 1 1,000
6
6
128,800
120,000 3*65 A 4
106.000
6 A 7
7
60,000
10 A 6
218,000
348.000
10
4
859,000
6
3,688,000
6
1,104,000
6
70,000
6
127,000
6 g.
346,000
6
772,000
6
578,000
700,000
7
6 g.
3,950,000
1,250,000
6 g.
6 g.
681,000
6 g.
1,074,000
6 g.
707,000
2,747.000
6 g.
5 g.
1,024,000
5.000
1865)
1871
1872
6
6
6
6
5 A
6
6
5
5 A 6
5 A 6
5
5
410,000
190,000
...
1
Various
3,263,545
1,214.700
(!)
152,000
750,000
-888,5)50
3,182,090
1000Ac.
Various
1000Ac.
Oct.
....
112,938
.
Bost.,Bk.Rej
....
55)6,000
599,099
420,000
2*0,000
1,000
Thames N.Bk;
Due.
A. A O
Norwich.
5, 6 A 7 Various
do
7
J. A .1
do
A. A O.
5
do
7
J. A D
City Hall, by Treasurer.
7
J. A D
do
do
5,6,7 J. A D
do
do
7
J. A I>
do
do
6
J. A D.
do
do
6
Various
do
do
5 A 6
J. A J.
Phila., by Treasurer.
6
J. A J.
do
do
6
J. A J.
do
do
6
J. A J.
do
do
6
J. A J.
do
dc
6
L A J.
do
do
6
J. A J.
do
do
6
J. A J
do
do
4
do
do
7
Various N. Y., Amer. Exch. Nat. Bk.
10
M. A N.
do
do
7
J. A D.
do
do
do
7,6g.A7g Various
do
/
J. A J.
New York.
A. A O.
Pittsburg, Treasurer.
6
,1. A J.
do
do
6 A 7
Various Pittsburg, Phila. A N. Y.
4 A 5
J. A J. New York, B’k of America.
600,000
Large.
....
....
1860 to ’69
1869
1858 to’69
Bridge h Duds
1871
New con promise bonds ((50
per cent)
1881
8t. Louis— Renewal and
1846 to’71
floating debt bonds
Real estate, buildings and
general purposes.. 1840 to’68
Street improvement bonds
1855 to’57
Water work bonds (old)
1856 to ’58
Tower Grove Park bonds (gold)
1868
Sewer bonds
1855 to’69
Harbor and wharf bonds
1852 to ’68
Bonds to Pacific Railroad
1865
New water work bonds
(gold)
1867 to ’70
do
do
do
1872
Renewal and sewer bonds (gold)
1871 to’73
Renewal purposes, gold or sterling
1873
Renewal, Ac., bonds, gold. $ and £
1875
Renewal, Ac., bonus,gold $ and £, coupon... 1874-’79
Renewal bds.,gold,$ and £ (part red’mable
1880
’90)
Bridge approach bonds (gold)
1872
600,000
300,000
....
....
1882
325,900
1000Ac.
•
627,599
416,999
1,299.900
1,265,000
500 Ac.
....
Bonds, registered
Rockland, Me.—City bonds
Railroac. loan ($20,000 payable yearly)
.
....
...
To Rocli. A State L. and R. N. A P. Railroads.
"For various city improvements
Waterworks loan, coupon and registered
Funding loan
do
do
Notes and certificates of deposits
81. Joseph Mo.—Ronds to St. Jo. A Den
Bonds t< Missouri Valley Railroad
Bonds fr r various, purposes
-
coup.)..
Rochester, X. T— To Genesee Valley Railroad
....
1867 to’657
1872
1872
1859-79
1867
1855
1 8(53
1872
1874
187(5
1875
1879
1879
1872
"1877
1871)
1877 A ’79
•
Bonds, reg. and coup. ($210,000
....
....
’68,’69,’70
.
1,226,990
2,175), 169
5,12 ',799
1,495,000
787,999
....
.1871 to’73
t
4,279,099
399,999
....
....
1863
reg
Bonds impr. Penn, aw, Ac. (local assessme
Bonds for overdue interest (temporary loa
Portland, Me.— boon to All. A .St. Lawrence 1
Loan to Portland A Rochester Railroad...
do
do
do
do
Portland A Ogdensburg
Municipal—proper, ($63,000 are 5s due ’8J:
Building loan bonds
do
do
....
1868 to’74
1878
1845 to’72
.
-
295,990
100,000
....
—
...
195,000
....
—
Funded debt and other municipal bonds..
do
do
81,500
50,000
....
—
Island Railroad
Pittsburg—'Water ex ten. loan (coup, or
Water loan, reg
50 Ae.
25 Ac.
1879
...
11,650,000
15,637,425
5,999,400
8,484,485
50 Ae.
A. A O
Principal—When
Payable and by
Whom.
-
50,000
500
500
500
500
100 Ac
500
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ae.
50 Ae.
Where
Pay’ble
7
1 60,000
.
1858-’73
lS(52-’7]
.
i,
I
When
Rate.
1.000
1875
1878
‘
INTEREST.
I
Amount
uuiouvuumg.
$1,000
’68,’78,’8C
.
.V. .A—School bonds
Paterson,
Size or
par
Value.
any error discovered in these Tables.
The
Debt.
$1,286,500
1,275,000
1,259,500
.
Personalty.
Tax Rate,
$ 10,004,673
$21 50
9,755,000
9,439,769
8,0(59,892
7,498,452
7,8(53.385
8,106,050
Years.
22
21
20
20
19
19
50
50
50
00
50
00
..
Real
Estate.
Personal
Rate of Tax
Property,
per
$1,000.
$19,212,800
$11,458,354
$25 50
19,825,800
19,777,200
19,88(5,300
10,359,128
11,376.456
11,609,585
25 00
25 50
23 50
Total
Sinking
Debt. Funds. Ac.*
$5,316,(500 $360,815
225,710
5,235,600
4.688,100
92,356
40,168
4,620,500
sinking funds for railroad loans.
Providence, It. I.—The principal debt of Providence lias been created
since 1872 for water works,-sewerage, new City Ilall and Brook Street
Improvement. The sinking fund for bonds due in 1885. $(535,104;
1893, $238,126; 1895 99, $317,139; 1900-6. $119,457. Population,
1870, 68,904; 1880, 104,857. The laws of Rhode Island now limit the
debts of towns to 3 per ct. of their assessed valuation. Assessed valua¬
..
*
These do not include the
tions (true value), tax rate, Ac., have been:
Real
Personal
Tax per
Years.
Estate.
Property.
$1,000.
Total
Assets in Sink.
Debt.
Fiuuls, Ac.
1878.... $86,341,100 $30,(599.400
$14 50 $10,590,550 $1,292,697
1875)....
86,816,100
28,765,600
14 00
10,175,550
1,237,008
1880....
13 50
88,012,100
27,5)08,900
10,202,688
1,359,142
1881....
14 00
28,413,800
87,788,000
10,100,599
1,397,558
State valuation, $168,547,726 ; city, $116,201,800.
*
,
Subscribers will confer a great
favor by giving
For
insane
assumed-
Size or
Amount
par
Value.
outstanding.
$100,000
1807
$1,000
1808
1,000
1.000
1872
1,000
1873 to’70
1875
1,000
1875
1,000
Various. Various
Various. Various
Various
500 Ac.
1808
1,000
1870
1873
1,000
1873
1,000
1879
1,000
100 Ae.
Various.
1,000
1871
100 Ac.
1808-9
1,000
1878
500 Ac.
1858
1803 to’04 500 Ac.
500 Ac.
1804
500 Ac.
1805
500 Ac.
1807
1870 to ’72 500 Ac.
500 Ac.
1874
1872 to’75 500 Ac.
1871 to’73 500 Ac.
500 Ac.
1&74
1875 to’70 500 Ac.
1873-74!
1870
100 Ac,
1879
Asylum
County Jail
General purposes, gold
Renewal
500,000
600,000
7
7
6
7 A 0
6
6
8 per cent bonds
Lake Superior A Mississippi
St. Paul & Chicago Railroad
Public Park (Como.)
Local improvement
-Bonds
Railroad
Salem, Mass.—City debt
Citydebt
Water loan
do
Bonds of 1858, coupon (gold)..
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
Judgment bonds,
do
do
San Francisco—
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
Savannah, Ga.—New compromise
Sotnet'ville, Mass.—City debt
Park A wat’r($17O,O0OA.AO.;
Water loan
850.000
1,900,000
500,000
707,425 5, 6 A 7
7
48,710
8
203,125.
6
200,000
6
100,000
100,000
100,000
115.000
103,000
300,000
500,000
393,500
330,000
435,500
232,500
172,000
240,000
385,000
200,000
475,000
Springfield, Mass.—City notes
City bonds
($200,000 are 0 per cents)
Railroad loan
Toledo, 0.—General fund city bonds, coup
Toledo A Woodville Railroad, coupon
Water works ($15,000 only Os)
Short bonds, chargeable on special assessm’ts.
Worcester, M.—City, ($530,500 c., |$1,319,500 r.)
8ewerdebt (all registered)
Water debt ($80,000 coup.. $291,300 reg.) ....
928,000
3,350,800
320,000
107,000
174,000
1,200,000
1,000
1,000
Water loan
I860 to’79
1870
’73,’74A79
210,000
1,095,050
432,000
|
1,000,000
449.000
1874 to’80
1801 to ’81 500 Ac.
1870 to’81 500 Ac.
1870 to’70 500 Ac.
1,880,000
325,000
371,300
Rochester.—Total debt, funded, $5,382,950.
The bonds of Genesee
Valley RR. loan. $108,000, arc provided for by net receipts from a
of said road to Erie R'way. Population, 89,300 in 1380: 02,380 in 1870.
Real
Esintc.
Years.
1877
1878
1879
1880
....
....
....
Personal
Property.
$48,190,975
$2,003,800
19-04
21-79533
1,584,910
1,430,144
38.485,533
Richmond, la.—Real estate
....
*
24-07
assessed, 1880, $28,348,283;
'
i
Mo.—Population in 1880, 32.431; in 1870, 19,565. As¬
valuation of real estate, 1880, $5,723,784. Personalty, $3,294,-
451; total $9,018,235.
assessed valuation was
cent of actual value. A
per
Rate of tax, 1880, 32% mills. In 1881 total
$9,885,000, which was probably about 00 per
compromise of the debt was made in new 4
cent bonds, which are
bonds,
St.
e
(V. 32, p. 059.)
given for the full
principal and interest of old
Louis.—Population by tlie United States census
310,864, against
350,513 in 1880.
in 1870 was
The city and county were
merged
Comptroller
by lawT in 1877 and city assumed the county bonds. The
gives the following in his report to April, 1881: The liabilities appear as
follows: The bonded debt at the close of liscal year (April 9, 1881) is
$22,417,000.
A claim of the St.
Louis Gaslight Company for gas fur¬
t he city in
and
rate have
nished. amounting in all to about $850,000, was decided against
1880, but appealed. Assessed valuation of property
tax
been:
Real Estate /—Rate of tax per $1,000.—.
and Personal
New
Old
Bonded
Limits.
Debt.
$17 50
$22,737,000
$173,080,330
1879
22,014,000
104,399,470
17 50
1880
100,034,840
17 50
22,507,000
1831
17 50
5 00
22,417,000
St. Paul, Minn.—Population in 1870 was 20,030; in 1880, 41,473
Assessed valuations of taxable property and .tax rate have been:
Total
Sinking
Rato of Tax
Property.
Years.
1878
Limits.
$5 00
5 00
5 00
Personal
Years.
Real Estate.
Property.
1875....
1870....
1877....
1878....
1879....
$20,830,710
$0,919,210
per $1,000.
22 mills.
4*
10
44
18
a
13
44
15
0,340,493
18,835,525
5,452,87 L
18,993,545
5,491,020
17,300,480
5,942,503
17,300,700
—Valuation of real estate is about 40 per
1889 to 1896
April l, 1905
May 1, 1895
1880 to’90
1883 to’86
Brothers.
do
do
do
do
do
do
do
1889, ’90, ’96
18S8 A ’98
1900
1003
r
1898
J.
gg.
g.
g.
....
"
5
'a ' J.
San.F.A N.Y.,LaidlawA Co.
N. Y., Eugene Kelly
Various Boston. Nut. Security
Q-F.
A Co.
Bank
1896
Feb. 1, 1909
1882 to 1896
1881 tol834
1880 to 1906
1882 to 1884
1882-1889 •
no
do
Various
do
do
5%, 0,0% Various
City Treasury.
Various
4%, 0
Various Boston, First National B’k.
0
do
do
Apl. 1,’94, to 1905
A. A O.
0 A 7
do
do
Apl. 1, 1879-1893
A. A 0.
7
1881 to ’94
0, 7 A 8 Various N. Y., Imp. A Trad. N. Bk.
May, 1900
do
do
M. A N.
73
1893, ’94 A ’99
do
do
Various
0 A 8
1879 to’81
do
do
Various
7 A 8
1382 to 1906
4, 5 A 0 Various C.Treas.A Bust. Mclits.’ Bk.
1899 to 1905
do
do
4, 4%, 5 Various
1882 to 1906
do
do
1 Various
5 A 0
Salem,
0%
Mass.—The sinking fund amounts to
$40,000 of 4 per cent bonds
27,503 in 1880; 24.117 in 1870.
personal
St. Joseph.
sessed
J.
July 1,1897
Sept. 1,1888
June, 1892
about $290,000. There
are
$7,471,488. Tax rate, $1 40. Population, 03,000 in 1880 ; 51,033 in ’70
Rockland, Me.—Valuation of real and personal estate, 1881, $3,400,000. Tax rate, $25 per $1,000. Population, 7,599 in 1881; 7,074 in
1.870.
A
A. A
J. A
J. A
A. A
J. A
N. Y., Kountzo
do
do
do
do
do
do
do
.
....
J.
do
do
do
do
do
also held by sinking funds. Population,
lease
Tax valuation, 1881, $23,788,350.
San Francisco.—Population, 233.959 in 1880; 149,473, in 1870. The
Total
Montgomery Avenue and Du >ont Street bonds are special issues charge¬
Debt.
able only on the assessment of property benelitted. The assessments for
$5,549,186 four years and tax rate (per $100) are given below. The large increase
5,471,080 in personalty in 1880-31 was made by the arbitrary assessment of
5,440,180 persons making no sworn statements of their property.
5,382,950
Realty.
Pcrsoualtv.
Tax Rate
Tax per $1,000
in old Wards.
20-21
1,700,300
42.053.350
3/,^ 1 /, 1 / o
Various
A D.
A D.
J.
T.
Commerce.
do
do
do
do
do
7*g.
g.
1,250,000 55%00%
325,000
S.
I).
J.
O.
N.
N.
N.
0 g.
150,000
1,579,000
A
A
A
A
J. N. Y., Nat. Bk.
April 1, 1904
O.
1880 to 1889
J.
City Treasury.
Jan. 1, 1891
J. Boston, Merchants’ Bank.
do
do
Apl. 1,1883-1898
O.
do
do
July 1,1904
J.
Jail. 1, 1888
J. A J. San F.A N.Y., Laidlaw A Co.
Oct. 1, 1883
do
do
A. A O.
do
do
July 1, 1894
J. A J.
do
do
May 1, 1895
M. A N.
Oct. 1, 1887
do
do
A. A O.
June 1,1882 to’90
do
do
J. A D.
do
do
July 1, 1894
A J.
J
1897 A 1904
(io
do
J. A J.
Nov. 1, 1891
do
do
M. A N.
do
do
July 1, 1894
J. A J.
1899
do
do
7
t>
0
6
7
481,000
Various.
Large.
Large.
Large.
1,000
$155,000 J. A J.)
7
7
0
5 A 6
0
6
5
6 g.
7 g.
7 g.
7 g.
7 g.
210,000
—
4, 1870)
bonds
g.
g.
g.
g.
A
A
A
A
Due.
AY*liom.
Pay’ble.
J.
M.
J.
J.
A.
M.
M.
M.
Principal—When
Where Payable, and by
When
Rate.
1187-920
878
Park bonds, coupon, gold
County bonds
St. Paul, Minn.—Revenue bonds
Preferred bonds
discovered in these Tables.
INTEREST.
Bonds.
explanations see notes on tirst page of tables. 1
St. Louis—(Continued.)
St. Louis County bonds
Immediate notice of any error
Date of
DESCRIPTION.
[Vol. XXXV
SECURITIES.
CITY
XIV
Debt.
$1,323,812
1,332,500
1,327,200
1,350,444
1,519,310
cent of true value.
Funds, Ac.
$010,292
551,755
507,012
010,000
050,000
Sinking funds raised
$190,280,810
100,429,845
105,023,058
155,870,920
$124
1 99%
2 04
1 80%
$225,000. (V. 34, p.
$54,190,5o0
51,057,229
279,287,738
03,547,380
annually amount to over
550.)
Savannah, Ga.—Default was made on interest Nov.
quence of yellow fever and non-collection of taxes.
1, 1870. in conse¬
The compromise,
cent bonds for the face of old
cent of the face value
tax rate each year
; 1870, $14,256,540,
$22 50; 1877, $14,250,540, $15; 1878, $9,940,033, $25; 1879,
$10,100,000, $25. Population in 1870, 28,235, against 30,709 in 1880.
Somerville, Mass.—Total debt, January 1, 1882, $1,585,000; sinking
fund, $312,203.
Property valuation in 1880, $20,458,100. Except
$140,000 5s in $1,000 pieces, all bonds are in $2,000 to $50,000 pieces.
Population, 24,933 ill 1880; 14,085 in 1870.
Springfield. Mass.—Total debt, January, 1882, $1,811,221. The rail¬
road debt falls due $20,000 each year. Population in 1880,33,340;
1870, 20,703. Tax valuation and rates have been :
Personal
Tax rate
as
reported in V. 20, p. 025, gave new 5 per
bonds ; and for interest up to Feb. 1, 1879, 58 per
in similar bonds. Assessed value of real estate and
have been as follows: In 1875, $13,932,012, $22 50
-
Real Estate.
property.
per $1,000.
$11 00
$22,740,330
$0,037,845
22,211,230
7,230,094
1879
12 00
issi
23,795,920
8,935,850
12 50
—Valuation of real estate is about 07 per cent of true value.
Toledo.—Total debt, January, 18S2, was $3,034,049. Of this the debt
payable by special assessments was $149,001), and the
indebtedness, $57,449. Taxable valuation of real estate, 1881, $19,597,530; personal, $0,315,940.
Total valuation, $25,913,400.
Years.
certificates ol
Tax
rate, $2*08 per $100. Population, 50,137 in 1880; 31,584 in 1370. (V.
30, p. 350.)
Worcester, Mass.—Total debt, January 1,1882, $2,582,300. Cash assets,
$101,748, including$205,299 sinking fund. Population, 58,291 mlooO,
1870. Tax valuation, 1880, $41,005,112 ; in 1881 $42,600 41,105 in
529; tax rate, 1-08.
KAILROAD
October, 1882.J
Subscribers
Miles
,r7r^ianation of column headings, Ac., see notes
ou
flr8t page of tables.
Central—1st mortg. g< I coupon
d Pacific ,F ic.—Debentures..
Sonlh’n.-Ut mortgage, coupon
Alabama
Alabama
N. 0. Texas
ot.
Albany d
Susquehanna-Stock
fla
Albauy^’tty^loan (sinking fund, l' per ct. yearly).
rnnsoMuort (guar. D. AIL endorse*! on bonds)..
Allegany Central— 1 st inert., gold ($3,000 per mile).
2dmortgage,
gold
Income mortgage, not cumulative
Allegheny]alley—Stock...... -
General mortgage
of
(Kiv. I)n .)
Amador Branch- 1st mortgage
Ashevilled Spartanburg—Stock
Ashtabula d Pittsburg-1st mortgage, coup, orreg..
Atchison Col. d Pacific—1st mort., guar
Atchison Jewell Co. J West.—1st M., guar. C.B.U. P.
Atchison Topeka & Santa Fc—Stock
1st mortgage, gold
Land grant mortgage, gold
Consol, bonds, gold. .... .
Laud income bonds, 5 to 10 years
Bonds, gold (secured by mortgage bonds)
S F. bonds for purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Wichita & Southwest., 1st M., gold, guar
Kans. City Top. Sc West. 1st mort., gold
do
do
income bonds
Pueblo A Ark. Valley, 1st mort., gold, guar
do
do 1st (A 2d on 118 miles) guar..
Kansas City Emporia & S., 1st mort., guar
.
Date
of
Road. Bonds
95
233
296
199
142
142
142
142
62
62
....
Pa. (endorsed) 2d mort.. Esist ext.
1st mort., East’ll Exton., guar, by Pa. RR.
Funding income bonds, wun traffic guarai
bonus, with name guarantee...
Bonds to State
259
132
110
110
259
27
48
62
229
34
1790
470
....
....
....
....
....
....
27
66
....
148
134
....
1879
1881
1878
—
1863
1865
1865
1876
1881
1882
1882
....
Size,
BONDS.
Par
1,000
1,000
1,000
1878
1830
1880
1830
1881
1872
1875
1878
1875
1878
1879
100 Ac.
1,000
100
500 Ac.
500 Ac.
1,000
1,000
,
....
7
7
7
8
5
5
0
7
7
7
7
7
•7
532,000
o
g.
g.
g.
g.
1,033,000
g.
g.
g.
g.
Aug. 1, 1908
May 1, 1905
May 1, 1905
Q.-F.
413
1,942,900
1,000
Q.-F.
11*2
85 i,000
200,000
1,000
1,000
Nov. 15, 1882
N.Y., Hanover Nat. Bk.
Boston, at Office.
A J. Boston, North Nat. Bk.
J.
A. A
A. A
J. A
A. A
M. A
A. A
J. A
J. A
J. A
M. A
J. A
J. A
J. A
O.
0.
J.
0.
8.
O.
D.
J.
J.
S.
.1.
J.
J.
do
do
e?,Ue(*
gar\e a
use of the Jefferson
larg(; cool traffic
Railroad.
This opening
to the road and to the other Delaware A Hud-
Aofn!?asc<* 10a(*s uorth h’ONG
Albany to the Canada line. The consoliof which $3,450,000 is to retire old
2 mortgage* is for $10,000,000,
July, 1899
1, 1900
do
do
Oet.
1903
Jan. 1, ’83-’88
Boston, Co.’s Office.
Boston.
do
April 1, 1909
Sept. 1, 1920
Oet. 1, 1920
Dee. 1, 1911
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905
July 1, 1905
July 1, 1909
N.Y., Nat.Bk. of Com’ce
Boston, North Nat. Bk.
Boston, Everett N. Bk.
do
do
Bost., N. Bk. of N. Am’a
do
do
Boston, North Nat. Bk.
Amador Branch— Galt, Cal., to lone, Cal.,
27 miles.
Leased in per¬
petuity from Jan. 1, 1877, to Central Pacific—rental $3,500 per month.
Stock, $075,000. Leland Stanford, President, San Francisco.
Asheville d Spartanburg.—Projected from Spartanburg, S. (-., to Ashe¬
ville, N. C., 07 miles, of which 48 miles, Spartanburg to Hendersonville,
in operation. Formerly Spartanburg A Asheville, sold in foreclosure
April, 1881, bought in by bondholders for $11 1,000, and reorganized on
above stock basis. Earnings in 1880-81, $38,693; net, $2,109.
(V.
32, p. 17, 390.)
Ashtabula d
Pittsburg.—December 31, 1881, owned from Youngstown,
O., to Astabula Harbor', O., 02 0 miles. Organized as Ashtabula Youngs¬
town & Pittsburg in 1870, and road opened May 1, 1873. Pennsylvania
Company, as lessees, guaranteed bonds upto January 1, 1877.
Default
July 1,1878, and property sold August 21,1878. Existing company
organized September 25, 1878, and it is leased by Penn. Co., which pays
net earnings to A. Sc P. The common stock is $958,491 and preferred
stock $700,000.
Net earnings for three vears were as follows: 1879,
$08,978; 1880, $83,827; 1881, $123,888.
Atchison Colorado & Pacific.—Watcrvillc, Kan., to Lenora, Kan., 192
miles; Greenleaf, Kan., to Washington, Kan., 7 miles; Downs, Kan., to
Bull City, Kan., 23 miles; Yuma, Kan., to Talrnage, 29 miles; total,
252 miles. The road is an extension of the Union Pacific Central Branch,
by which the bonds are guaranteed and the road is controlled, and
the whole system is virtually owned and controlled by Union Pacific.
Stock, $1,377,000.
Atchison Jewell Co. & West — Jamestown, Kan., to Burr Oak, Kan.,
34 miles. Under same auspices and control as Atchison Colorado &
Pacific. Stock, $6,000 per mile.
Atchison Topeka <& Santa Fe— Dec. 31, 1881, mileage was as follows:
Main Line—Atchison to Kansas State line, 471 miles. Leased—Kansas
City to Topeka, 06 miles; Pleas’t Hill to Ced. June.,Ka., 45 miles; Em¬
poria to Howard, 70 miles; Florence to Douglas, 54miles; Florence to
Ellinwood, 99 miles; Newton to Wichita., 27 miles; Wichita to Arkansas
River, 09 miles; Wellington to Caldwell, 23 miles; Kan. State L. to S.
Pueblo, Col., 149 miles; Pueblo to Rockvale. Col., 37 miles; La Junta to
N. Mex. State L., 90 miles; Col. St. L. to Sail Marcial, N. M., 354 miles;
Lamy to Santa Fe, 18 miles; San Marcial to Deming, N. M„ 128 miles;
Rincon to Texas line, 58 miles; Texas line to El Paso, 20 miles; total
leased, 1,319 miles.
Total operated directly, 1,790 miles. Owned
jointly—Burlingame to Manhattan, 57 miles. The Kansas City Law¬
rence" & Southern Kansas, 384 miles, was also acquired by purchase
of the stock in Sept., 1880, and the 5 per cent bonds due Sept. 1, 1920,
issued therefor (V. 31, p. 559), with sinking fund of 1 per cent a year.
The Kansas City Topeka A Western is leased, and the lessee pays
interest on the Kansas City Topeka Sc West, bonds as rental. The 5 per
cent bonds
were
issued for stocks and bonds purchased, and
cents for extension of the line to Deming and El Paso,
0 per cent mortgage; bonds of the Rio Grande Mexico
w/u, to Delaware* Hudson Canal Company; rental's, 7 per cent on
stock and bonds.
Additions and betterments charged to lessors, and
cost made part of
investment. In 1871 lessees built the Lackawanna &
W'lWifflua Railroad from Nineveh to their Pennsylvania
coal fields,
Stocks—Last
Dividend.
F. A A. Phil., Fid. I.T. A S.D.Co.
Q.-F. N. Y., Hanover N. Bk.
0
0
0
438,500
1.130,000
3,700,000
5,073,000
5,000,000
412,000
1,000
1,000
1,000
1,000
Where Payable, and by
Whom.
730 J. A J. N. Y., Winslow, L. A Co. March 1,1896
5
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
7
A. A O. Philadelphia or London April 1, 1910
A. A O. Pittsburg, Co.’s Office.
7
Oct. 1. 1894
0
J. A J. N. Y., Cent. Pacific RR. Jan. 1. 1907
109,000
500 Ac.
When
Payable
J. A J. N.Y.jMetropolit’n N.Bk July 1, 1918
A. A O.
London.
April 1, 1907
J. A J. N.Y.,Farmers’ L. A T. Co
Jan. 1, 1908
3ia * J. A J. N. Y., B’k of Commerce. July 1, 1882
J. A J. N.Y.,Del. AHud.Can.Co
7
July, 1888
6
do
M. A N.
do
Nov., 1895-’97
A. A O.
do *
7
do
Oet., 1885
7
A. A O.
do
do
April 1, 1906
6 K* J. A J. N.Y., Post,Martin A Co. Jan. 1, 1922
0 g.
0
Jan’arv
Jan. 1, 1912
300,000
2,100,500
4,000,000
2,999,000
10,000,000
8,171,700
075,000
1,050,000
1,500,000
3,072,000
542,000
56,932,200
7,041,000
2,915,500
....
Albaiiy d Susquehanna.—December 31,1881, owned from Albany, NBinghamton, N. Y., 142 miles; branches—Quaker Street, N. Y.,
totSchenectady, 14 miles;* Cobleskill, N. Y., to Cherry Valley, 2fl
Bonds—Princi¬
pal, When Due.
0
6 g.
000,000
150,000
500 Ac.
50
error discovered In these Tables.
0
5,000,000
1,403,000
3,500,000
998,000
1,000,000
1,708,000
2,987,000
1,000
1,000
1878
1879
1879
....
$1,000,000
100
1,000
100,000
1,000
....
Rate per
Cent.
1,000
1,000
1,000
1866
1870
1871
1874
1877
1869
1870
Amount
Outstanding
$1,000
£20, Ac.
1,000
xv
INTEREST OR DIVIDENDS.
or
Value.
Alabama Central— December 31, 1881, owned from Selma, Ala., to
Lauderdale, Miss., 96 miles"; leased (M. Sc O.), 18 miles; total operated
111 miles. Defaulted January 1,1872, and finances re-adjusted in
1878. Income mortgage 8 per cent (if earned) 40-year bonds, due July
1, 1018, $1,400,000. In 1881 a controlling interest was sold to the
East Tenn. Va. Sc Ga., by which this road is now operated. The stock
was $2,000,000, and holders had the right to take one share of East
Tenn. Va. Sc (la. common for each share of Ala. Central, and most of it
was exeliacged.
Gross earnings, 1880-81, $232,117; net, $00,301.
_(V. 32, p. 288; V. 33, p. 550.)
Alabama Sew Orleans <£ Texas Pacific Junction (Limited).—This is an
English corporation holding the controlling interest in the Vicksburg Sc
Meridian, Vicksburg Shreveport A Pacific, and the New Orleans & North
Eastern roads, as well as in the Cinn. New Orleans A Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment-of the company (Erlanger) is the same as that of the Alabama Gt.
Southern RR.. Length of roads, when completed, 852 miles; add Ala.
Great Southern RR., 205 miles; entire system (when completed), 1,147
miles. The preferred or “A” shares are *1,500,000, and the common or
“B” shares £2,500,000.
The debentures are redeemable any time at
115, on six months’ notice. The company holds the following securities,
viz.; Vieksb. & Meridian, $245,000 1st mort., $105,000 2d mort., $410,000
3d mort., $1,464,300 pref. stock, and $302,000 com. stock; of Vicks¬
burg Shreveport & Pacific $3,G92,000 1st mort., $1,931,000 incomes and
$1,594,000 stock; of N. O. A North Eastern $4,900,000 1st mort. and
$4,320,000 stock. See V. 33, p. 22 ; V. 34, p. 573
Alabama Great Southern.—Dec. 31, 1881, owned from Wauhatchie,
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga,
6miles; total operated, 290 miles. Northeast Sc Southwest Alabama
chartered Dee. 12, 1853. Reorganized as Alabama & Chattanooga Oct.
6,1868, and was opened May 17, 1871. Default made Jan. 1,1871, and
road sold undey foreclosure January 22, 1877.
Present company
organized November 30, 1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
m full settlement to the holders of the
$2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held
by trustees. (V. 30, p. 117.)
The road and equipment have been
thoroughly renewed. Capital stock—
Common, $7,830,000, and preferred 0 per cent, $l,75O,()0o; funded debt,
$1,750,000, and Receiver’s certificates, $178,000 (of which $134,000 in
+
AND
will coiifer a great favor by giving Immediate notice of any
description.
For expia
STOCKS
4*2 per
and have the
Sc Pacific and
the Rio Grande Sc El Paso roads deposited as security for them. The
sinking fund is IG2 per cent, rising to 3G by 1910. Tile 0 per cent sink¬
ing fund bonds of 1881, due 1911, are secured by mortgage bonds de¬
posited, as stated in V. 35, p. 373. They are 'redeemable by the sinking
fund at 105.
Such bonds as are held in flu* company’s treasury, or
leased line bonds held as collateral for any of its own bonds given
above,
are
not included in the above amounts outstanding.
The Sonora RR. in Mexico was purchased in March, 1882, by. giving
one share of A. T. A S. F. stock for two shares of Sonora stock or $200
in income bonds, and the Sonora 1st mortg. bonds were guaranteed. (See
V. 34, p. 315. 401.)
The Leavenworth Topeka Sc Southwestern RR. stock (four-fittlis of it)
was
acquired in September, 1882, and the bonds at 4 per cent guaran¬
teed.
(V. 35, p. 297.)
A dividend of 50 per cent in stock voted
record October 24; also a subscription of
Oet. 7,1881, to stockholdersof
15 per cent new stock at par.
agreement was made in Feb., 1880, with the St. L. & San Fran., for
the joint construction of a line to the Pacific, under name of Atlan. A Pae.
For terms see Atl. & Pae.; St. L. Sc S. F. The annual report for 1881
An
was
toTWfTG*3- mues; r ei». z, i«/u.
jnow-uraae jjiv., lieu Bank
1874. The company became cm-
barraae^00
follows:
uiilcs) opened May 4,
11 a,}d compromised with its creditors. It still falls short
Earnings—
is $1 o on?w\nKle8t liabilities. The amount of income bonds authorized Passenger
lienR ‘inn
t!ltvse receive all revenue left after interest on prior Freight
counnl,
deficiency is made up by additional issues. The income Mail, express, Ac
income weiUTi8
there is in cash and balance in bond scrip. Of the Total
of
pnrnwT111
,
.
& Erio
bond
conv
^,1(‘P^unsylvania
RR., Northern Central and Philadelphia
on which is paid altogether in
,)0nds held by individuals are paid in cash and scrip
$4’9S0,000, the interest
(,,}«■’
ho inc.
,
bonds.
Passenger
Mileage.
19,833,405
Js-i.'
187§
Jo,874,0o4
188n'“*'
976,446
The earnings, Ac., for live years were as follows;
Freight (ton)
Years
SSP-
IggJ
-tV.32
16,119,027
now-?2!?-?p..367 o2o
Gross
Net
Earnings.
94,000,809
Earnings.
$2,492,080
1,910,222
1,745,310
107,352,410
1,919,528
127,615,207
127,015,207
2,109,780
2,109,780
34, p. 434; V. 35, p. 404.)
Mileage.
100,009,036
84,077,541
„
V 33.p. 440, 407;
$1,144,972
915,727
701,835
832,301
904,072
901,072
Income, etc., for four
published in the Chronicle, V, 34, p. 459.
years was as
1878.
$
987,490
2,820,484
130,888
gross earnings.. 3,950,808
Total operat’g expens. 2,000,970
Net earnings
1,883,898
1879.
1880.
1881
$
1,353.231
4,883,435
144,777
0,381,413
2,903,128
3,41«,315
.$
$
2,970,6C|B
1,780,901
0,499,981
270,094
8,550,970
4,374,287
4,182,689
9,051,623
502,278
12,584,509
8,003,326
4,521,183
INCOME ACCOUNT.
1881.
8
1878.
Receipts—
Net earnings
1879.
1880.
$
1,833,898
$
$
4,1S2,639
4,521;183
120,118
229,837
Pottawat’e land ac’et.
Rentals and interest..
3.418,315
139,322
130,739
44,691
Sundry credits..
1
goo
non
60,034
A
O/kA
OO'T
RAILROAD
XVI
Subscribers will confer
explanation of column headings, Ac., see notes
on first page of tables.
Pleasant Hill A De Sot<>, 1st M., gold
Florence El Dorado A W., 1st mortgage,
44
31
50
295
gold
Leavenworth Topeka A S. W.—1st mort., guar
New Mexico A So. Pacific—1st mortgage, gold
Sonora RR., 1st mort., gold, guar. ($20,000 p.
Atlanta d Charlotte.—New pref. mort
m.)
1879
1879
11877
1877
1882
Mortgage bonds
Augusta d Savannah—Stock
Austin d Northwestern (lex ) —1st mort
....
500
1878
1,000
1880
1,000
500,900
1877
1,000
1877
1880
1,000
590,000
4,259,000
500
1,048,000
100
1,232,200
1,000
1,000
87
1881
....
....
34
1000Ac.
50 Ac.
1880
1880
1871
....
....
....
151
•
•
•
....
Baltimore loan, 1855-’90, sink, fund
411
421
Sterling mortgage, sinking fund
Purcha6eof Connellsv. RR (payable$40,000y’ly)
Loan, ster., (s. f. £7,500) lien on Chic, line bonds .
Bonds on Parkersburg Branch
Northwestern Virginia, 3d mortgage,
Bonds to State of Maryland
1878.
$
401,267
790,513
£100
1864
1871
£100
£100
100
....
1880
1,000
100
100
....
....
1855-85
1879.
$
836,772
795,446
691,311
...
....
263
104
....
1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
Miscellaneous
Balance, surplus
45,799
56,390
634,620
....
....
£100
£200
....
£200
1,000
....
....
1880.
1*81.
$
72,812
40,490
35,125
-$
774,740
866,663
1,841.021
132,030
4,494
1,311,579
941,717
1,132,072
864,273
734,527
1,727,195
Sinking funds
Sundry debits
[Vol. XXXV,
r
Total.
3,748,410
1,928.589
4,302,837
4,751,020
estimated to be 2,932,784 acres, of which 1,058,758 acres
January 1, 1882; in 1881, 50,033 acres were sold, for
$261,544, or $5 22 per acre, and dead sales of 7,700 acres for $51,194
were canceled.
(V. 32, p. 43,99,182, 420, 43.1, 442; V. 33, p. 23,
357, 411, 502; V. 34, p. 31,113, 175, 243, 315, 4 57, 461, 474, 573, 707;
V. 35, p. 21, 265, 297, 339, 373, 456.)
Laud grant
were sold to
Atlanta d Charlotte Air-Line.—Dee. 31, 1881, owned from •Charlotte,
N. C., to Atlanta, Ga., 269 miles. Successors of Riehm. A Atl. Air-Line,
which was a consolidation (1870) of three separate lines in No. Carolina,
So. Carolina and Ga. The whole road was opened for trattic Sept. 28,
1873. Soon after completion default was made, and the property passed
to a receiver November 25, 1871. Sold under foreclosure December 5,
1876-90
8,856,650
cks—Last
Dividend.
Oct. 1, 190Q
Oct. 1, 1904
1907
J 9
July 1, 1907
atTreas’y.
Aug- 1. 188*2
A ,T. New York and Boston.
A O.
A N.
New York.
Mat.
do
A S. Loudon, Gr. Trunk Rw.
A N.
A. A O. London, Gr. Trunk Rw.
M. A N.
do
do
J. A D.
Savannah.
July 1, 1910
Oct. 1, 1910
Sept. 15,1882
J. A J.
M. A N.
J. A J.
6
3,000,000
Sto
April 1,190ft
NoAr.
O.
J.
O.
J. Atlanta, Ga.,
J.
A.
M.
At
M.
M.
0 g-
760,000
7.744,000
6
6
6
A.
M.
J.
M.
M.
J.
A
A
A
A
A
A
J.
A.
J.
J.
5
140,000
366,000
pal, When Due.
Boston.
do
N.Y. Central Trust Co.
do
do
do
do
....
A. A
J. A
A. A
J. A
2,603,779
8,120,878
5,000,000
579.500
1,710,000
2,602,220
Payable, and by
Whom.
Pay’ble
g-
6
6
5
3
4
6
6
6 g6 g.
14,792,566
Bonds—P®.
DIVIDENDS.
Where
A. A O
g.
3*«
1.02,2,900
420,000
400,000
When
A. A O. Bust., N.Bk. of Republic
A. A O.
do
do
g. A. A O. Boston, Everett N. Bk.
g.. A. A 0. Boston, Bk, of No. Am.
6 g.
6
6
6
3
6
6 g6 g.
795,000
5,484,000
762,000
1,499,916
712,932
....
....
•
1,232,200
10,900,000
7,500,000
1,189,905
....
....
....
150
150
53
60
54
7
7
7
7
4
7
7
7
7
6
6
$798,000
713,900
1,000
extended
Sterling mortgage, sinking fund
Outstanding
Rate per
Cent.
120,000
310,000
1,380.000
4,425,000
....
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per yr.)
Baltimore d Ohio—Stock
1,544
Loan,1853
do
1870,sterling, £800,000, sink, fund
Amount
$1,000
265*2
265b?
Income bonds, registered (not cumulative)
Atlanta d West Point—Stoca
Debenture certificates for dividend
Atl. dPac. —1st g.,s.f.,cp.or rg.($25,000p.m.onW.D.)
Income bds., non-cuin’tive, ($18,750 p.m.onW.D,)
1st RR. A land grant bonds on Central Division.
1st land grant bonds on Central Division
Atlantic d St. Lawrence—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
do
3d
do
do
Disbursem ents—
Rentals paid
Interest on debt
Dividends
BONDS.
INTEREST OR
Date Size, or
of
par
Road. Bonds Value.
Miles
of
At.Top.d S.Fc— (Cont'd.)-Cow. Sum.AFt.S. ,1st M.,gu.
Marion A McPherson, 1st mort., guar
Preferred stock
Loan due in 1880,
AND
great favor by giving immediate notice ot any error discovered in these Tables.
a
DESCRIPTION.
For
STOCKS
A
A
A
A
1910
April 1,189?
Jan. 1, 1907
April 1,1900
1891
1901
Nov. 1, 1888
Oct. 1, 1884
May 1, 1891
June 2, 1882
Phila.,Far. A Mech.N.Bk Jan.
Baltimore Office.
Balt., Merchants’ Bank.
O.
Baltimore Office.
S.
London.
J.
Baltimore, Office.
8.
London.
N. London, Speyer Bros.
J.
Baltimore, Office.
D. Lon.. J. S. Morgan A Co.
O. Balt. A N.Y., D. M A Co.
J. Balt., Balt. A O. RR. Co.
do
do
J
1, 1910
1, 1882
July, i882
1885
1895
1890
Mch. 1, 1902
1910
1882-1900
June 1, 1927
April 1,1919
1885
July 1. 1888
60 miles.
Opened Jail. 1, 1882. Has a land grant of 600,000 acres.
Stock, $600,000.
Bald Eagle Valley.—December 30, 1881, owned from Vail Station,
Pa.,
to Loekhaven,Pa.,*51 miles; branch, Milesburg, Pa., to Relleioute, Pa.,
4 miles; Snowshoe to Moshannon, Tenn., 22 miles; total operated. 89
miles. Opened December 7, 1864, and leased to Pennsylvania Railroad
Company tor 99 years. The branch is the-joint property oi' the lessors
and lessees. Rental, 40 per cent of gross earnings.
Interest. $24,000,
and dividends (January and- July, each 2*2 per cent), $27,50u.
In July,
1881,4 per ct. div. was paid. Stock, $850,000. The gen. mort., dated
Jan. 1, isso, was provided for the replacement of the two series of
bonds.
In January, 1881, purchased the Bell'efonte A Snow Shoe road
for $300,000 in stock. -(V. 32, p. 99, 396.)
Baltimore d
Ohio.—September 30, 1881, mileage
Miles.
Balt, to Wheeling (main)
Branches—To Locust Point
('amden cut-off
Junction to Frederick City.
Pr. of Rocks to Washington
follows:
Miles.
Grafton to Parkcrsb’g, W. Va. 104
370
5
..
was as
Wheeling to Washington, Pa.
Pittsburg to Cumberland,Mil.
o
3
43
3
Berlin Branch RR.
Mineral Point to Johnstown..
Weavert’n to Hagerstown,Md
426
Harrisonburg to Staunton
Broadford to Mt. Pleasant,Pa.
Connellsville to Uniont’n, Pa.
32
150
9
46
On March 26, 1881, the road was leased to the Richmond A Danville.
The line forms the Southwestern Division of tin* Piedmont Air-Line
Ilyattsville to Shepherd, Md.
Winchester to Harper’s Ferry
13
Bellaire to Columbus, 0
24
26
10
13
137
32
Sandusky to Newark, O
116
(under control of tin* Richmond A Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137.
In 1881 (9 months), $744,618; net, $180,536. Two undone half per
cent paid on stock Sept., 1882.
(V. 32, p. 443 ; V. 33, p. 687.)
Winchester to Strasburg
19
Strasburg to Harrisonburg...
49
Newark, O., to Shawnee, 0.2.
Chicago Junction, O., to Illi¬
nois Junction, III
Total branches leased
Total B.AO. main and brehes.
Leased, controlled aud op¬
erated—
113
539
Relay House to Washington..
31
1876, aud purchased by the bondholders, who formed the existing cor¬
poration February 27, 1877, and possession was taken April 16, 1877.
Atlanta d West Point.—June 30, 1882, owned from East Point, Ga., to
West Point, Ga., 81 miles; leased, 6*g miles; total operated, 87*2 miles.
In April, 1881, a controlling interest in the stock was purchased by \V.
M. Wadley and others for the Central Georgia, and a stock dividend of
100 per cent was afterward declared in debenture certificates.
Gross
earnings in 1880-81, $118,054; net, $107,634; in 1881-82, gross, $430,010; net, $175,494. (V. 32, p. 444, 635 ; V. 33, p. 224 ; V. 35, p. 160(
Atlantic d Pacific.—Road completed from Albuquerque, on Atchison
Top. A Santa Fe, about 405 miles, to Get., 1882, and in progress to Big
Colorado River, 160 miles further, where it will meet the Southern Pa¬
cific, also within 160 miles of
that
point.
The company was
building a Pacific line, of about 600 miles, in connection with the
Atchison Topeka A Santa Fe and the Sr. Louis A San Francisco
which companies guarantee 25 per
cent of the gross earnings
over their respective lines to and from this road, one year after its com¬
pletion, provided its own earnings are insufficient to pay coupons. The
bonds were sold, with a bonus of $750 in income bonds for cacti $1,000
first mortgage. The 1st mort. con. bonds .arc $1,000 each and reg. bonds
$5,000 each The stock authorized is $100,000,000, and issued to July,
1881, $19,760,300, nearly all owned 03- the Atch. Top. A S. Feand the
St. Louis A San Francisco companies equally, and held in trust for
30 years for those two companies.
In January, 1882, most of the St.
Louis A San Francisco-Coinpany’s stock passed into control of Jay Gould
and C. P. Huntington, and the new arrangement made stipulated that
the Atlantic A Pacific road is to be completed during 1882 to the Color¬
ado River.
The Southern Pacific will build east to meet it. as the act of
Congress of July 27. 1866, requires, and agrees to pay to the Atlantic A
Pacific 25 per cent of its gross earnings on through business, which is
to be applied to the payment of interest on the Atlantic A Pacific bonds,
the same as the Atchison Topeka A Santa Feand the St Loui j A San
Francisco companies.
The Atlantic A Pacific, in consideration of this
agreement being carried out, stipulates that the present subscription
shall be reduced from $16,500,000 to less than $6,600,000.
Of the
latter amount about $6,000,000 will he required to finish and equip
its road to the Colorado River, and the balance to go towards building
its central division from Vinita to Albuquerque. The land grant claimed
under the old Atlantic A Pacific grant is 25,600 acres per mile in Terri¬
tories and 12,800 acres in States, and on completion of the first 50
miles, October, Is80. the U. S. Attorney General held the company was
entitled to lands on that section. (V. 33, p. 99, 356, 357, 467, 621; V.
34. p. 60. 113, 175, 263, 488, 573, 707; V. 35, p. 50, 51, 235, 320, 430.
431.)
'
Atlantic d St. Lawrence.—June 30, 1881, owned from Portland, Me., to
Island Pond, Vt. (and branch), 151 miles, there connecting with Grand
Trunk of Canada, to which leased for 999
years, August 5, 1853, at
a rental equal to 6
per cent on stock and bond interest.
Capital,
$5,484,000, of which $27,000 is»in U. 8. currency. The bonds to City of.
Portland are now provided for by aeeummu ations of
sinking fund.
Augusta d Savannah.—Sept. 1. 1881, owned from''Milieu
Ga., ;>3 miles.
Chartered
as
Burke
to Augusta,
County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($1,022,900) represents its cost. Dividends of 3*2
per
cent are paid June and Dec. each year. Has a considerable surplus fund.
Austin d Northwestern.— Line of road, Austin, Tex., to Burnet, Tex.
Bridges
Total owned
Branches leased-
44
263
Total leased and controlled ..1,005
Tot. operated Sep. 30,1881.1,544
j
;
abstract of the last annual report is given in the Chronicle, Vol.
33, p. 586. and the following extracts are quoted therefrom.
The
profit and loss account showed an increase for the year of $1,697,038,
against $2,356,984 in 1879-80. It will be seen by this account that the
An
nominal
surplus fund, which represents invested capital derived from
represented by either stock or bonds,
net earnings, and which is not
amounts to $42,258,680.
The gross and net earnings of
the other divisions, for the last
were as
the main stem and its branches and of
fiscal year, as compared with 1879-80,
follows:
/—Earnings, 1879-80.—. -—Earnings, 1880-81.—'
Gross.^
Net.
Gross.
$11,229,880 $5,172,980 $11,122,259
Washington Branch...
314,405
246,496
353,570
Parkersburg Branch
860,160
371,829
712,158
Central Ohio Division.
311,454
1,006,025
1,003,565
Main Stem, Ac
..
Lake Erie Division
....
Chicago Division
Pittsburg Division
Wheeling Pittsb. A B..
Newark S. & S. RR....
847,221
208,853
899,791
1,548,994
2,238,481
566,673
1,011,827
112,373
1,638.661
50,380
224,649
8,594
88,259
453,069
1,124,473
2,500.548
53,557
177,304
$18,317,740 $7,986,970 $18,463,877
Total
Net.
$4,846,615
193,533
72,422
228,267
1,09*
41,548
$7,073,398
branches
The aggregate working expenses of the Main Stem, with all
and divisions, were 61-69 per cent of the whole gross revenue, being
5-30 per cent more than the preceding year. Eight hundred andnrty
miles of track of the Main Stem and branches east of the Ohio River are
now laid with steel rails.
The increased cost of steel thus continuously
charged to the repair account as uni¬
formly heretofore.
The report had the following remarks: “The needlessly low and unremuuerative rates under which a large amount of traffic has been transported by the trunk lines has materially reduced the net results of tne
substituted for iron rails has been
of the preceding years. The increase
ended 30th Sept, 1880, was
984, while for 1881 it has been $1,697,038, thus showing a
past year as compared with those
in the surplus fund for the, year
of net results, with a largely increased business, of $659,94o.
Dividends for 5years, 1872-77, 10 percent; for 1877-78, 7k> percent
for 1878-79, 8 percent; for 1879t80, 9 per cent; for 1880-81,10 P«'
cent.
The three dividends from May, 1878, to May, 1879, nicnisive,
decrease,
were
paid instock.
Results of operating all lines owned and
for the five years 1876-81 :
Years.
Gross Earnings.
$13,208,860
13,765,279
14,193,980
controiie
_
Operating Expenses.
$8,226,055=62-28 p. C.
7,769,301=56-44 “
Net
EaroiBg^
$4,982,80*
5,995,9/*
7,691,595=54-18
10,330,770=56-39
7!073.398
18,463,877
11,390,479=61-69
The Baltimore A Ohio direct bonds of 1879 on Parkersburg Branch
secured by deposit or mortgage on that road. (V. 32, p. 230. 2oo,
312, 334, 437; V. 33, p. 411, 502, 575, 586,' 641; V. 34, p. 1, 60,
V. 35, p. 130, 430.)
«
18,317,740
<4
October,
Subscriber*
rrr^Uion of column of tables. Ac., see notes
headings,
on m.8t page
(tunnel) gold, s. f. 1 p. c.
*iBtTort., road, gold, coupon, s. tunnel, reg
f. 1 per cent
mnrtirasre. iucowe, road and
Date
Size, or
of
of
Par
Value.
Road. Bonds
1^
89
’Zdtbwre d Potomac- 1st M
BduSed El Dorado-Is t(int. guar. St.L.A.A T.H.)
rZucMlle drouth. iil.—lst M., sink’g fund, guar
SSereDel.-l^ mort. due 1877, extended, guar.
2dmortgage bonds of 1854 (guar, by C. A A.)
Id mortgage tumds of 1857 1 do do )
Consol, mortgage of 1876.
Bennington d Rutland— 1st mortgage
Berkshire—Stock- ------Boston d Albany—Stock
bonds, coupon or registered
Loan of 1875, coupon or registered
Bonds issued to State for its stock
Boston Barre d Gardner.—1st A 2d mortgages
90
52
52
56
64
64
64
67
59
22
373
....
Plain
(convertible into stock)
Bost. CUn.d Fitchb. d N. B.—Stock, common
Stock, preferred
1st mortgage, Agricultural Branch
Mortgage bonds 1869-70
Sd mortgage
Equipment notes
by lease to Old Colony
Bonds, guar,
Concord d Montreal—Old preferred stock...
Com. and new pf. stock (new pf. stock is $540,400)
Sinking fund bonds
Consolidated mortgage bonds (for $2,000,000)....
Rnston
bonds
Tun.dWest.-l8t M.,g’ld ($25,000 p.m.)
Improvement mortgage
Boston d
Lowell—Stock
BONDS.
XVII
INTEREST OR DIVIDENDS.
Miles
j or exi
Bosl.Hoosac
AND
giving Immediate notice of any error discovered in these Tables.
Bonds—Princi¬
will confer a great favor by
description.
—
STOCKS
KAILROAD
1882. j
-
....
....
38*2
....
151
151
29
43
58
....
120
167
m
m
160
166
•
•
•
•
87
....
....
....
Bonds.
Amount
Outstanding
1877
1854
1857
1876
1877
1,000
1,000
1,000
1881
•
•
•
....
....
100 Ac.
500 Ac.
1864
’69-’70
1874
1,000
1,000
....
1,000
1880
100
100
100 Ac.
200 Ac.
....
1858
1873
1881
1881
1,000
.
1,000
500
....
1872
1875
1876
1879
....
....
....
....
A D.
A 8.
A A.
J.
M.
F.
J.
J.
A.
A.
J.
.
O. Worcester,
do
J.
Feb.
1, 1892
July 1. 1895
1902
April 1. 1893
City Nat. Bk.
1895
do
Boston, Office.
April 15, 1882
Oct. 14, 1882
do
do
A J. Boston, Boston N. Bank July 1, 1884
.
.
.
J. A J.
A. A 0.
J. A J.
6
6 A 7
999,500
500,000
750,000
620,000 1
do
do
do
....
3
(0
3,940,000
Philadelphia.
J.
do
do
J. A J.
do
do
J. A D.
do
do
Various
J. A J. Boston, N. E. Trust
M. A N.
Boston, Office.
6
7
7
6
5
500.000
Philadelphia, Pa. RR.
J.
0.
A
A
A
A
3 50
1,931,400
1915
Oot. 1, 1896
1902
1885
1887
Jan. 1, 1916
Nov. 1, 1907
N. Y., 39 Wall street.
F. A A.
$1 50
1,309,500
1,750,000
400,000
552,"00
400,000
650,000
1,615,000
800,000
1,000,000
624,000
1.
Philadelphia, Pa. RR.
A J. Treasurer, Trenton,N.J.
N. Y., Union Trust Co.
M. A N.
Q.-J. Stockbridge, Treasurer. July 1, 1882
Boston, Office.
Sept. 30, 1882
Q. -J.
6
100,000
•
....
•
187-920
554,000
Jan.
Aug. 1, 1920
IV
3,858.000
....
100 Ac.
....
July 1, 1911
April 1, 1911
July, 1, 1910
A. A O.
2
7
6
5
5
2,000,000
Dividend.
—
6
7
7
20,000.000
5,000,000
100
100
1872
1875
1882
6
8
6
6
745,000
1,200.000
475,000
600,000
1,000
1,000
....
7
1,000,000
499,500
500
500
....
•
6
1,059,000
Stocks—Last
Whom.
J. A J. Balt, or London or N.Y.
A. A 0. Phila., Penn. RR. Co.
Baltimore.
J. A J.
6 g.
6 g-
330,000
1,000
pal,When Due,
Payable, and by
Payable
220,000
1880
•
Cent.
3,000,000
2,000,000
....
lg&6
•
When
$1,500,000
$1,000
1,000
1,000
1871
1871
1875
1880
Where
Rate per
6
6 g.
2
7
7
6
....
A J.
J.
A. A O.
M. A S.
J. A J.
J. A J.
5
1889 A '90
July 1, 1894
1882, '83, ’85
Co. Jan. 1, 1910
May 15, 1882
1889
1893
Boston, Office.
do
do
New York and London.
Boston, at Office.
do
do
do
do
do
do
do
do
do
do
1911
1911
July 1, 1882
April 1, 1892
March 1,1895
July 1, 1896
July 1. 1899
$40,454; in 1890-81, gross,
V. 33, p. 200.)
Boston Clinton Fitchburg & New Bedford.—Sept. 30, 1881, owned from
Fitchburg, Mass.,to New Bedford, Mass., 91 miles; branches, 34 miles;
leased, Framingham A Lowell RR., 26 miles; total operated, 151 miles.
Consolidation (June 1, 1876) of the B.C. A F. and the N.B. railroads, both
owned from Baltimore. Md., to
Creek, 49 mi'es; branch—Bowie
to Washington, D. C., 17 miles; total operated, 90 miles. Chartered in
1853; road opened to Washington in 1872 and to Pope’s Creek in 1873.
Baltimore Tunnel opened in summer of 1873. The road is controlled by
the Pennsylvania Railroad Co., and first mortgage bonds guaranteed by
Peuiiaylvania-Railroad and Northern Central Railroad Companies. Capi¬
tal stock. $3,553,250, funded debt, $0,500,000, and other liabilities and
accounts, $302,559; total, Dee. 31,1881, $10,355,809. Road and equip¬
ment, $9,099,295; materials and cash assets, $149,890 ; profit and loss,
$1,106,617. Gross earnings in 1880, $790,147; expenses, $032,003;
profits, $157,484; interest, $272,342 ; deficit, $114,858. Gross in 1881,
$966,432; expenses. $810,923; profits, $125,508; interest, $272,318;
deficit, $140,809. Income bonds wholly held by Penn. Eli. Co.
Belleville d El Dorado.—An (extension of Belleville A Southern Illinois
from Du Quoin to El Dorado, 52 miles, and leased to St. Louis Alton A
Terre Haute. Rental 30 per cent of gross up to $2,500 pet* mile, and
15 per cent on all above that amount. Rental received for lw81,
Gross receipts in 1879-80, $183,866; net,
$174,688 ; net, $19,377. (V. 32, p. 444 ;
$14,640.
total operated, 167 miles. Chartere‘1 in 1844
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874.
An
Mountain Railroad from Littleton to Groveton Junction is mortgaged.
Fiscal year ends March 31.
Gross
Expenses,
Available
Baltimore d .Potomac.— Dec.31, 1881,
Bowie, Md., 24 miles; Bowie to Pope’s
Stock, $1,000,<‘00.
Illinois.—Dee. 31, 1881, owned from Belleville.
Belleville d Southern
111., to Duquoin, III., 56
miles. Chartered Feb. 15, 1857; opened Dee. 15
1873, and leased Get. 1, 1866, to St. L. Alton A Terre Haute Railroad Co.
Lease rental 40 per cent of gross earnings up to $7,000 per mile; 30
percent above $7,000 and up to $14,000 per mile, and 20 per cent on
any excess of $14,000 per mile.
Rental for 1879, $116,490; for 1880,
$147,344; for 1881, $146,662. Interest on bonds and sinking fund
$5,000 per year, guaranteed by lessees. Common stock, $405,000; pre¬
ferred 8 per cent stock, $1,275,000, non cumulative.
Dividends on pre¬
ferred stock have been : 4*2 in 1881; 4*2 in 1880; $1 05 in 1879; 62c. in
1878; 68c. in 1877; 65c. in 1876; $1 80 in 1875; $1 in 1873. Operated
in connection with the Belleville Branch of St. Louis Alton A Terre
Haute Railroad, and Belleville & El'Dorado Railroad. Except on coal
and on contributed business of Belleville A El Dorado Co. 30 per cent.
Belvidere Delaware.—Deo. 31,
1881. owned from Trenton, N. J.,
to
Millham Cut-off, 1 mile, Flemington
Railroad, 12 miles; total operated, 80 miles. Chartered March 2, 1853,
and opened Nov. 3, 1805. Leased to United Companies, and transferred
to Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidere Division. Rental, all surplus earnings; but the first, second
and third bonds are guaranteed.
In 1881 net earnings were $479,067,
and interest payments $261,050. Capital stock, $994,050.
Bennington d Rutland.—December 31, 1881, owned from Rutland
to Bennington, Vt., 57 miles;
branch, North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
Vermont in 1845, and completed in 1854. Leased in 1857 to Troy &
Mamiuka Chunk, N. J., 67 miles;
Boston for 10 years at $36,000 per annum. Consolidated in Harlem
extension in 1870, and leased to Central Vermont in 1873, but lease
abandoned by lessees. Since September 10, 1877, the Vermont division
(as above) operated by the re-organized Bennington A Rutland. Stock
$1,004,000 (par $100), and bonds $475,000. In 1881 gross earnings
$212,734;
net
$49,576.
of which had been consolidations of other original lines. The Framinghum A Lowell is leased for 998 years and 4 months from October,
The whole property was leased (Feb. 1,
to
Co. for 999 years, the lessees agreeing to pay as
per
the gross earnings of the
income for the year ending Sept. 30,
was
after paying all'charges* a surplus of
The preferred stock takes 7 per cent per annum
on
common, it is not certain as to the division of any surplus.
1879.
the Old Colony Railroad
rental 1()2q
cent of
consolidated roads. The rental and other
1881,
$401,498, which left,
$110,597 applicable .to dividends.
first, and after 7
the
1879)
Concord d Montreal.—March 30, 1882, owned from Concord,
Wells River, N. H., 94 miles; blanches—Wells River, N. H., to
Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles ;
Boston
N. H., te
ami road opened in 1853.
extension of the White
Miles.
Years.
167
167
167
167
167
Revenue.
201,100
201,618
200,871
211,383
Taxes, Ac.
Earnings.
654,272
590,550
678,123
797,556
902,906
453,172
388,932
477,251
586,172
233,745
669,157
preferred stock ($800,000) has received 3 pur cent semi-annually.
amounting to $48,000 a year. Neither the new preferred nor the com¬
mon stock has paid dividends.
(V 32, p. 334, 444, 635 ; V. 33, p. 384;
V. 34, p. 636.)
The old
Boston Hoosac Tunnel d Western.—December 31, 1881, owned from
Massachusetts State Line to Schenectady, N. Y., 57 miles, and Sara¬
toga to Seliuylersville, N. Y., 13 miles; total, 70 miles.
Hoosac Tunnel, Mass., to Buffalo, N. Y.
The Contmeutal construction
Co stopped and new plans were made by General Burt for the work.
Projected line,
beguu by opposing interests, and the Attorney-General of
State has a suit pending to annul the charter.
Earn¬
ings on 45 miles for 1980 81 were $286,775; net, $10,961. (V. 33, p.
384, 467. 716 ; V. 34, p. 60, 85, 114, 175, 203, 290, 407, 488; Y. 35, p.
21, 51, 211, 265, 393.)
Suits Were
New York
Lowell (double
miles; Lowell &
Central and
branch, 12 miles; total operated, 87 miles. Chartered in 1830, and line
In August, 1881, a contract
between Boston & Lowell opened in 1835.
for joint running arrangement was made with the Concord Railroad, on
basis of 40 per cent of net earnings to Concord and 60 per cent te
Boston A Lowell.
The Lowell & Lawrence and Salem A LoweU
Boston d Lowell.—Sept. 30,1881, owned from Boston to
and steel), 27 miles; branches—Salem A Lowell, 17
Lawrenee, 12 miles; others, 19 miles; leased, Middlesex
Berkshire.—Sept. 30, 1881, owned from Connecticut State Line to
West Stockbridge, Mass., 22 miles. Chartered in 1837, and road opened
m 1842.
Leased in perpetuity to Housatonic Railroad Company at 7 Railroads, operated for some years under lease, were purchased and
percent on capital stock and cost of road ($27,273 per mile), $600,000.
consolidated in 1879, the Boston A Lowell assuming tneir bonds,
Lessors
pay taxes, Ac., which reduced the dividends to less than 6 per which cannot be paid off before maturity. A joint business was formerly
cent, and the quarterly dividend due in October is usually omitted. Used done between the Boston & Lowell and the Nashua a LoweU, hut from
as the Housatonie’s main line in Massachusetts.
December. 1878, they were under separate managements until the B. &
Boston d Albany.—Sept. 30, 1881, owned from Boston, Mass., to Lowell leased the N. & L. for 99 years from Oct. 1, 1880, but the lease
Albany, N. Y., 202 miles; Springfield to Athol, 49 miles; numerous was held invalid and a joint arrangement was made.
Net
Payments
Gross
branches, 48 miles; leased lines, 74 miles ; total operated, 373 miles.
Rentals. Int. A mise. Div.,p.o
^ A. was formed (Dee., 1867) by the consolidation of the Boat.
Receipts.
Years.
Receipts.
& Worcester and the Western railroads.
$94,718
$116,349
2
$319,528
The five per cent bonds of 1882 1877-78
$1,081,066
/
^e£ei8sued to the State of Massachusetts in exchange for 24,115 shares
B. A A. stock held
by the State. In 1880-81 the loss in receipts was
partly owing to the fierce competition between the trunk lines for busi¬
ness between the seaboard and the West, which reduced the rate on
tnrougn traffic to a point never before dreamed of; and also to a general
reauction of about one-sixth in the local tariff, which went into effect
January 1. Results of operations tor live years were as follows:
Div.
Net
Gross
Passenger Freight (ton)
Receipts.* p. ct.
Mileage.
Receipts.
}ears. Miles. Mileage.
8
<4876-7.. 322 103,278,126 313,822,671 $6,780,597 $2,167,8318
4877-8.. 322 101,221,955 329,708,573
2,219,536
0,633,534
1878-9.. 324 101,248,321 325,484,799
8
2,703,638
6,427,463
8
2,492.618
7,741,118
113,154.374 375,452,804
373
1880-1.. 373 135,421,102 417,108,612
8
2,186,873
7,875,285
*
Net receipts include income from rents, Ac
~<V. 33, p. 224, 467, 561, 714; V. 34, p. 488 ; V. 35, p. 235.)
10^9-80.
wtt°n^fln’e
<£• Gardner.—Sept. 30, 1881, owned from Worcester to
t’ Mass., 37 miles.
Chartered in 1847, and road completed
114" ^ea8et^ Monadnock RR. for 99 years from October 1,1874,
*P^r.^a5e transferred to Cheshire RR. in June, 1880. Interest has
eon reduced
to 5
in
ans
per cent.
Interest liability at 5 per cent,
$27,715.
422.698
161,890
259,318
3
4
584,269
-(V. 32, p. 39, 43; V. 33, p.
35, p. 160.)
Boston d
67,598
4,292
133.690
298,057
4
392,580
1.198,962
1.399,316
1,872,656
1878-79
1879-80
1880-81
225, 254, 357; V. 34, p.
Maine—Sept. 30,1881, owned from
85, 315, 520; Y.
Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville, 10 miles: Bradford to Newburyport
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less
miles leased. Mam line one-third double track and all steel rail. Char¬
tered in 1839, and road completed to South Berwick in 184o and to
Portland in 1873.
and
3
Gross
Years.
1876-77...
Earnings.
Expenses
A Taxes.
Net
$2,173,202 $1,518,854 $654,348
.
2 100,741
1877-78...
1878-79...
2,149,857
1879-80...
2.438,270
2,601,215
1880-81...
—(V. 32, p. 15; V. 33, p
.
.
.
.
1.359,367
.
Outside Av’il’ble Div.
Earnings. Receipts. Revenue, p.e.
741,317
1,354,755
795,102
1,511,018
927,252
851,359
1,749,856
641 ; V. 35, p. 21.)
$93,817 $748,165 5
83,717 825,091 6
88,964 884,066 6
94,382 1,021,634 7*a
86,300 937,659 8
,
JOUflft
STOCKS AND BONDS
RAILROAD
XVUl
favor by giving
Subscribers will confer a great
explanation of column headings, Ac., see
on first page of tables.
notes
Bost. <t Lowell—(Confin'd)—Lowell & Lawr.,
Salem A Lowell, bonds
Boston ft Maine—Stock
Bonds, coupon aud registered
Boston <t New York Air-Line—Common stock
Date
of
Miles
of
bonds
187-90
1st mortgage
Boston <t Providence—Stock
Bonds to purchase branches, coupon
or
gold
Amount
Outstanding
ioo
54
50
68
L. I. RR., gold.
I’d)
....
85
54
82
5
26
142
140
121
121
205
294
294
274
50
38
25
120
67
67
f 45
369
73
55
153
818.000
100
100
1,000
500.000
4,000,000
1873
1879
1881
1867
1881
1869
V
•
m
m
2d mortgage
mort., gold
Consol, 1st mortgage, gold
Buffalo Pittsburg <t Western—Common stock
Preferred stock (6 per rent. Not cumulative)
Mortgage bonds (for $7,500,000), coup
1st mortgage (W. A F. RR.)
1st mortgage (Oil Creek RR.) renewed 1882
1st mortgage (Un. A Titusville RR.)
2d mortgage (Pitts. T. A B.)
Buffalo t Southwestern.—Stock (onc-lialf of it pref.)
Jtii.rlrti.qf.nu Cl. Rapidst (f: Xnrth.pm,—Stock
Iowa City A Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar.
do
1st M. (2d on 55 m.), guar.
do
California cf- Nevada—1st mort. (for
$5,000.090)...
....
1876
1871
1878
1881
7
G g-
1,150,723
1,000
L456.000
2,000,000
*
ioo
1,000
100 Ac.
1,000
100
1,000
500 Ac.
500 Ac.
1,000
7
G g6
7
3 is
7
6 g.
7 g.
G g.
1,000,000
7,000,000
8.650,000
1,457,000
1.000
1,000
3,568,000
1,500,000
1,000
600,000
500,000
914,000
943,800
1881
1865
1862
1870
1876
500 Ac.
100 Ac.
1877
1,000
1.000
1,475.000
1,000
1,000
do
do
do
8—Laet*
Dividend
do\
do \
do
Oct.
Ocfc.
1, I897
1, 1898
May 15,1882
Jan.,1893 49^
A O.
A.
F.
M.
J.
M.
A A.
A N.
A J.
A 8.
A
A
A
A
A
A
A
M.
M.
J.
J.
J.
J.
J.
N. Y.,
Hatch A Foote.
Boston, at Office.
do
do
New York.
S. N. Y., Gallatin Nat. B’k
S N.Y., Corbin Bauk’g Co.
New York.
JJ. New York, Erie Office.
N. Y., Erie Railway,
D.
do
do
D.
J. N.Y., Post, Martin A Co.
Q.-M. Buffalo, F.A M. Nat. Bk.
J.
A J.
New York Agency.
V
Apr. 29,188
July 1, 189
Sept. 1, 191
Mar. 1, 188^
M*y. 1, 191]
July 1, 187S
Jan. 1, 189C
June 1, 1882
Oee. 1, 191(
July 1, 189(
1908
July 1, 1921
....
....
584,000
825,000
1,000
Boston, at Office.
a lock
....
1,500,000
5,500,000
6,500,000
100
100 Ac.
Whom.
pal,When Due.
....
750,000
250,000
(50,000
580,000
950,000
2,380,000
3,000,000
500 Ac.
50
50
1876
1879
1880
1881
1881
”2*
500,000
....
Payable, and by
Payable
M. A N.
J. A J.
4
...
Where
When
A. A O.
5
100
1880
2,767,5U0
9017881
First mortgage
Buffalo N. 1 .ft Philadelphia— 1st
Bands -Princt
A. A O.
6
6
4
7
226,900
7,000,000
3,500,000
500 Ac.
”54
Rate per
Cent.
$200,000
$....
1873-4
registered
Buff.Brad .ft Pitts.—Gen. M.,(incl. 10,000 ac.
Buffalo New York ft Erie—Stock
Par
Value.
203
Receivers’ certiffc’s, payable in cash or 1st M. bds.
Brooklyn <£• Montauk—Stock ($1,100,000 is pref.) ..
South Side, 1st mortgage
New mort. ($1,000,000), guar, by
Mortgage on Rockaway Branch
Road. Bonds
Size, or
....
Stock, preferred
Brooklyn Elevated— 1st mort.,
discovered In tbese Tables,
Immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
[Vol. X\£Vt
*
(0
N. Y. City, 34 Pine St.
A. Phila., E.W.Clarke A Co.
O. Phila., ManufTs’ N. Bk.
J. Phila., E. W.Clarke A Co.
A. Phila., Manuf’rs’ N. Bk.
A. A O.
6 g.
7
6
7
7
F.
A.
J.
F.
A
A
A
A
0 g-
J.
AD. N. Y., First
5
7
6
5
6
J.
M.
A.
A.
J.
A D. N. Y., Central Trust Co.
do
do
A S.
do
do
A O.
do
do
A 0.
New York.
A J.
°
April 1,
Feb. 1,
Apr. 1,
July 1,
1921
1896
1912
1890
Feb. 1, 1898
Nat. Bank.
June 1. 1906
Sept. 1, 1909
Oct.
1. 1920
Oct. 1, 1921
1911
line to Olean, at the junction of the New York Lake Erie & Western
Air-Line.—April 30,1882, owned from New Haven,
Railway, Allegheny Central Railway, Olean Bradford A Warren Rail¬
Conn., to Willnnantic, Conn., 50 miles; leased TurnervilleT to Colchester,
Philadelphia Railway, a further dis¬
way,
the Buffalo New York
4 miles; total operated, 54 miles.
Formerly the New Haven Middle- tanceami20 miles, making in all&320 miles from Chicago Junction to
of
town & Willimantie.
In 1870 a pooling agreement (tor 00 years and 8 Olean.” * * *
months from Feb. 1,1870) was made with the N. Y. New Haven & Hart¬
At the close of the fiscal year your company had in its treasury the
ford RR., under which tin* B. A N. Y. A.-L. received 0 per cent of the
following securities:
gross earnings of all lines operated, out of which its operating expenses
B. P. A W. RR. common stock, 7,100 shares
$355,000
are paid.
By arbitration in 1880 the percentage was reduced to 5 per B. P. A W. RR. preferred stock, 8,400 shares
420,000
cent for live years.
A lease was made in Oct.. 1882, to the N. Y. N. II. B. P.'A W. RR. general mortgage bonds
415,000
& Hartf. Co. for 00 years at 4 per cent dividends per year on the pref.
N. C. & O. C. RR. common stock, 3,000 shares
150,000
the road, the gross earnings were $297,291 in t lie year
stock. On
N. C. A O. C. RR. preferred stock, 9,000 shares
450,000
ending April 30, 1882, and net $174,000. (V. 32, p. 035; V. 33, p. 411, N. C. A O. C. RR. first.mortgage bonds
600,000
559, 662; V. 35, p. 21, 78, 297, 320, 371, 401, 455.)
Oil City & Ridgway Railway & Mining Company common stock 309,000
Boston ft Providence.—Sept. 30, 1981, owned from Boston, Mass., to
And owed the following:
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to Balance due
on loan incurred to purchase New Castle & FrankNorth Attleborough. 4 miles; total operated, 08 miles.
Chartered
liu Railroad
$417,724
in 1831, and road opened in 1835. The company have valuable depot
Betterments of New Castle & Franklin Railroad
50,000
properties in Boston.Gross
35.000
Divi- Floating debt of P. B. & W. RR Co
Net Traffic
Other
For the year 1881 the gross earnings were $599,968; net earnings,
Years.
Earnings.
Earnings.
Receipts.
dends.
6^ $244,692; credit balance of interest account, $32,347; from which
$1,158,043
$375,947
$19,595
deduct coupons paid, $264,040; leaving a balance of $13,000.
1,304,520
355,748
19,395
8
The preferred stock is entitled to 6 per cent, when earned, hut is
19,107
8
1,400,145
347,523
Boston <t New York
consecutively was $11,308, $10,956,
Notes outstanding September, 1881,
(V. 33, p. 561.)
rental paid in the years
$10,917, $11,500 and $11,005.
Lease
$360,000, due in 1882-3-4-0.
“
,
“
not cumulative.
due respectively
The 1st mortgage bonds
of the several roads above
April. 1882, July, 1890, and February, 1896, were
offered an exchange for the new bonds due 1921, t-lie option expiring
Aug. 31, 1881. (V. 32, p. 16, 99. 101, 182, 367; V. 33, p. 4 5,467,559,
641; V. 34, p. 85, 202, 377, 459, 575, 603 ; V. 35, p. 71, 102,133,182
Brooklyn Elevated— In progress. Receivers were appointed October,
1880, and a compromise effected March 1, 1881, by which reorganiza¬ 235, 266, 372.)
tion was made and stock and bond scrip were assessed. There were
Buffalo ft
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond town, N. Y., Southwestern—Sept. 30, 1881, owned from Buffalo to James¬
67 miles. Formerly the
scrip; $1,85880 engraved stock and $1,497,683 scrip stock.
All were in 1877 after foreclosure. In July,Buffalo A Jamestown; reorganized
1880, leased to New York Lake
assessed 20 per cent and Receiver’s certificates and income bonds to Erie & Western for 99 years—at 35 per ceut of gross earnings, but
amount of about $350,000 issued for the assessments in certain propor¬
interest on bonds guaranteed. Gross earnings in 1879-89, $319,441. (Y.
tions. Capital stock of new company was $4,000,000 authorized. There
33, p. 687; V. 34, p. 133.)
was some failure in the plau. and in July, 1»82, a new agreement was
entered into. See V. 35, p. 102. (V. 33, p. 441; V. 34, p. 203, 290; V.
Burlington Cedar Rapids *t Northern.—Dec. 31, 1881, owned from
35, p. 102.)
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased),
Brooklyn <t Montauk—(Southern ot L. I.)—Brooklyn to Eastport, L. I., miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,to
66 miles; branches to Fresh Pond Junction, 4 miles; to Rockaway, 10 Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
miles; total, 80 miles. This was first the South Side Railroad of Long la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased. Holland
Island, which was foreclosed Sept. 16, 1874, and reorganized as the to Emmittsburg, 113 miles: total operated, 645 miles. Organized as the
Southern of Long Island. On June 3, 1879, the property was again sold Burlington Cedar Rapids & Minn., June 30, 1868, and main line opened
in foreclosure of the second mortgage, and this company organized. to Plymouth 219 miles, and branches, 149 miles, to end of Sept.,
The preferred stock lias a preference of 7 per cent, not cumulative. It Defaulted Nov. 1, 1873. Property sola under foreclosure June 22,1876,
is leased to the Long Island Railroad for 50 years at 25 per cent of the and given up to tlie purchasers July 1,1876. Bonds of the Cedar
Iowa Falls & Northwestern road are endorsed (on the bonds); the 6 per
net earnings of the whole Long Island RR. system, including its leased
lines. The new mortgage for $1,000,000 is to take up the first and cent bonds are redeemable at 105 after Oct. 1, 1890. Of the 5 per cents
$825,000 are reserved to retire the 6 per cts. The company guarantees
balance issued for extension to Moriches; it is guaranteed by L. I. RR.
as to interest, on $750,000 and both principal and interest on
the the above bonds mentioned, and also guarantees $150,000 of Minneap. &
St. Louis bonds. The annual report for 1881 said that iu five years the
$250,000. (V. 32, p. 526.)
increase of mileage had been 275 miles; also that “ while the business
Buffalo Bradford ft Pittsburg.—Sept.
30, 1881, owned from Carrollton,
leased to New
N. Y. to Gilesville, Pa., 26 miles. Completed in 1866, and
York Lake Erie & Western for 499 years. Rental, 7 per
standing bonds, $40,600 a year. Capital
1880, a dividend of 1 per cent was paid.
cent on out¬
stock, $2,286,400. In March,
Buffalo New York ft Erie.—Sept. 30,1881,
owned from Buffalo, N. Y.,
rolling
to Corning, N. Y„ 142 miles.
A third rail for standard gauge
stock has been laid down. Leased in 1863 to the New York? A Erie
400 years, and now operated by the New York
Co. Rental, $238,100—viz., 7 per cent on stock and bonds
for organization expense. Dividends and
lessees. Capital stock, $950,000, and funded debt,
representing cost of road, $3,330,000.
1873.
Rapids
of the year ending December
vious corresponding period,
tory.
31, 1881, was larger than that of any pre¬
the net results were not entirely satisfac¬
The gross earnings are
materially less, and operating expenses
anticipated at the close of the business of the preceding
year; this result, however, is attributable solely to causes beyond the
control of the managers of the property. The blockades of the com¬
pany’s several lines of road by snow during the earlier periods of the
year’s business, seriously affected the showing of net earnings, ai
$59,535 was expended in relieving the road from those obstructions;
while on the other hand, during a portion of this period, the business oi
several sections of the road was almost entirely suspended.” The fol¬
lowing is a comparative statement of earnings and operating expense*
for the years ending December 31
,
Gross
Net
larger than was
Earnings.
Expenses.
Earninga
Buffalo New York ft Philadelphia.—Sept. 30,1881, owned from Buffalo,,
miles. At Emporium connects with Phila¬
$1,534,950
$984,908
delphia & Erie. In April, 1880, the stock was sold to a syndicate. See
2,053,481
1,343,724
Y. 32, p. 444. In 1881 purchased the McKean & Buffalo Road, 22 miles,
2,259,037
1,626,849
having $388,200 stock. The consol, mortg. is for $11,000,000, of which
-(V. 32, p. 69,154, 367, 418; V 34,p. 572; V. 35, p. 133,
$4,000,000 is reserved for prior liens, ana it covers 205 miles of new
road and the old 121 miles, Capital stock, $3,500,000 common, and
California ft Nevada.—Line projected from Emory Station,
$3,500,000 preferred. Gross earnings iu 1881, $1,142,214; net, $507,- to Bodie, 250 miles. Mortgagemade to Central Trust Co. of New io»
and John C. New as trustees. E. M. Walker, President.
719. (V. 32, p. 444; V. 33, p. 641, 686; V. 34, p. 263, 290.)
California Pacific.—Dec. 31.1881, owned from South Valleio,
Buffalo Pittsburg <t West.—Jan., 1881, owned from Salamanca, N.Y., Sacramento, Cal., 61 miles; branches—Adelante to Calistoga,
to Oil City, Pa., 100 m.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
miles;
Doer’s to Knight’s Landing, 19 miles; total
Buffalo, N. Y.. 140 m.; Union & Titusville Branch. 25 m ; and Titusville miles. Consolidation (December 23, 1869/ of California Pacino
& Oil City Railway, 9 miles; total length, 294 miles. This was a consoli¬
California Pacitte Extension companies.
Leased for twenty-nnw
dation, Jan. 20, 1881, of the Pittsburg Titusville A Buffalo Railway aud
Rental,
years, from July 1, 1876, to Central Pacific.
other roads.
annum,
and three fourths of net earnings wheu in excess or
The annual report in Y. 34, p. 202, says: “ When these roads shall all
amount. December 31,1881—Capital'stock, $12,090,000; l^iiaead *
have been completed, you will have a line from Oil City to Buffalo of
about 138 miles, and tlie line from Chicago Junction, via the Valley of $6,851,000; other liabilites, $1,569,812; total liabilities,
Extension bonds of $3,500,000 and incomes of $1,000,000 we
the Allegheny, to Salamanca, 300 miles, and from thence, if it should
default, aud the new bonds of 1875, guai autvx d by Central ra«s
prove necessary, owinsr to our inability to make satisfactory terras with
were issued in place thereof.
the New York Lake Erie & Western Railway Company to extend the
N. Y.. to Emporium, Pa., 121
~
for
Lake Erie A Western
and $5,000
interest paid directly by the
$2,380,000. Total,
252
$550,042
709,757
632,188
374, 457.)
Oakland,
Cal., W
operated, iia
$350,OWj**
$20,420,»
Subscriber*
of column
ou first page
headings, Ao.,
see
of tables.
114
114
114
oSun^Bulimion (jo'.'-lst mortgage!"
Canada Southern—Stock
31
404
291
47
242
242
158
158
97
mort., interest guar.
Fear d Yadkin Valley- 1st
New
....
84
60
-
mort
Central- 1st mortgage, gold, coup, or reg.
mort., gold, income, reg., not cumulative
Sd mort, gold, income, reg., not cumulative
Carson d Colorado- 1st mortgage
Carolina
Oataunssa—Common
New
stock
preferred stock
New mortgage
Cedar
•
Falls & Minn— Bonds on
1st div., sink. fund.
Preferred stock, 7 per cent
1st mortgage
1st mortgage
1st mortgage —
stock
500
50
....
1853
1854
1,000
1867
500 Ac.
100
1,000
1878
1881
1880
1880
,1880
1881
1,000
50 Ac.
California Southern.—This road from
ia being built by Boston capitalists as a
•
....
’60-8-9
1870
....
1864
1866
....
50
50
50
500 Ac.
500 Ac.
100
500 Ac.
500 Ac
100
,100
....
1861
1863
1866
1866
1879
’66-7-8
....
100
714
620
....
500 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
100
....
1,000
1872
1881
100
San Diego, Cal., to Colton. Cal.,
connecting line of the Atlantic
575; V. 30, p. ^
Atlantic—Dec. 31, 1881, owned from Camden, N. J., to
Absecon fnlct, 60 miles; Penn Ave. to South Atlantic, 6 miles: leased
leased branch, Egg Harbor City to May’s Landing, 7 m.; Phil. Marl. A
Med. RR.; Iladdonlu Id to Medford, 12 miles; total operated, 84 miles.
In Nov., 1882, 4 p. <-t. paid on prof, and 3 on common stock.
Earnings
and expenses for three years past have been :
•
Years
Earnings.
Expenses.
Profit.
1879
...$405,472
$202,127
$203,315
371,626
1880 ’
408,838
127,210
373.864
1881 !!
512,880
130,016
Preferred stock entitled to7p. e. if earned, and to as high as paid to com.
if more than 7. (V. 32, p. 305 ; V. 34, p. 343 ; V. 35, p. I3o.)
Camden d Burlinr/ton Count}/.—Dec. 31, 1881, owned from, Camden,
N. J., to Pemberton,' N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad .& Canal Company’s lines.
Lease rental, $44,415,
being 6 per cent oil stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $350,000. Dividends in Jan¬
Camden it
uary
and July.
Canada Southern.—December 31,1881, owned from
Victoria, Ont., to
Courtmiles;
Amlierstburg, Out., 229 miles; branch, St. Thomas, Ont., to
right, Out., 63 miles; total (original line, all steel), 292
and miles absorbed on reorganization—Erie A Niagara, 31; Sarnia
Chatham & Erie, 7; Canada Southern Bridge A Ferry, 4 ; Toledo Canada
Southern A Detroit, 55, and Michigan Midland A Canada, 15; total of
all lines, original and acquired, 404 miles. Default was made, and a
reorganization forming the existing companies was
Interest on the new bonds issued by the company is
New York Central Railroad Company for 20 years;
completed in 1878.
guaranteed by the
the principal is not
The income account for four years was as follows:
guaranteed.
1879.
1878
earnings
Expenses
Ne\ earnings
1880.
Interest
$2,480,873
$2,995,366
$3,705,679
2,070,258
$410,615
2,448,091
2,406,341
$547,275
$1,293,337
353,428
Gross
391,452
407,799
Cent.
Payable
1881.
$3,369,259
2,672,346
$696j) 12
678,624
7
6
3 A
6
4 A
7
6
6
187-920.
2,000,000
1,500,000
1,500,000
2,250,000
1,159,500
1,000,000
2,200,000
209,850
1,300.000
589,110
198,000
1,334,000
6,850,400
769,600
700,000
582,000
2,332,000
1,600,000
629,000
1,600.000
7,500,000
4,909,000
g.
g.
6
J.
J.
J.
J.
Where
Bonds—Princi¬
g.
pal,When Due.
Payable, and by
Whom.
1, 1887
1, 1891
July, 1905
Jan. 1, 1922
Nov., 1882
Camden, Co.’s Office.
Jan.. 1893
J. Phila., Farm. A M. B’k.
A. A O.
do
do
•>
J.
A
A
A
A
A
A
A
Oct., 1, 1904
Phila.. Penn. RR. Co.
N. Y., Grand Cen. Dep.
J. N. Y., Union Trust Co.
J. N. Y., Fourth Nat. Bk.
O. N.Y\, Farmers’L.AT.Co.
New York, Office.
J.
do
do
O.
J.
F. A A.
212
5
7
6 g.
6 g.
6
6
J.
J.
A.
J.
A.
J.
3^2
3*2
M. A N.
M. A N.
Stocks—Last
Dividend.
Jan.
Jan.
N. Y., Fisk A Hatch.
J.
J. N. Y., Nat’l Park Bank.
J. N. Y., Cent. Pacific RR.
J.
Boston.
A
A
A
A
3
6
15,000,000
13,546.879
52,000
1,000
1,000
1,000
....
When
1,600,000
3.000,000
2,838,000
1,258,050
490,000
497,000
225,000
350,000
1,000
70
58
146
100
Central Branch '?nion Pacific—1st mort., gold
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)
Central R- R■ d Bank, Ga.—Stock
General mort. “tripartite” bds ($5,000,000) coup.
Certificates of debt (for dividend)
V. 34, p.
xix
Rate per
$2,250,000
1,000
....
- — - -
- —
•
93
34
14
61
274
StocK......................
Bonds on 2d division, sinking fund
Cedar Rapids d Missouri River—Common
•
Amount
Outstanding
$1,000
....
—
& Susy a eh anna
1867
1871
1875
1882
93
preferred stock.
Chattel mortgage bonds
Old
Cnuuaa
BONDS.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Par
of
notes
Road. Bonds Value.
...
n^iif^niaPacitic-lBl mortgage, gold...
mortgage, endorsed by Central Paoirte
|2 S guar- »»y C. P- ($1,000,000 are 3 p. c.) .
rnHfornia Sou/hern-1stmort. ($25,000 per mile).
ZnSZ* Atlantic-Stock ($880,650 of it pref.).,..
ft mortgage (extended 20 years in 1873)
(lane
AND
will confer a great favor by giving immediate notice of any error discovered In tbese Tables
DESCRIPTION.
For exyiu
STOCKS
RAILROAD
1882. J
October,
1897
Feb. 1, 1881
Jan. 1, 1908
April 1, 1920
July 1, 1915
July 1, 1910
July, 1911
'
5 A 10
7
7
7
1*2
3*2
7
7
7
6
7 g.
6
4
4,600,000
7
6
Philadelphia Co.’s office May 15, 1892
May 15, 1882
do
Various Phila., Phila.A Read.Co. 1888
do
do
Feb.
F. A A.
J. A J. New York. 44 South st. July
A. A O. N. Y.,J. S. Kennedy A Co April
do
do
Jan.
J. A J.
Q.-F.
Boston, Treasurer.
Aug.
Aug.
Aug.
Aug.
to 1900
lr 1900
1. 1882
30, 1884
2, 1907
1, 1882
do
do
A.
1, 1882
A. N. Y., Nat’l Park Bank.
1, 1891
do
do
A.
1, 1894
do
do
N.
May, 1916
N. N. Y., Company’s Office. May 1, 1895
N. N. Y., Hanover Bank.
May 1, 1895
U.S. Treas., at maturity.
1896,’97, ’98
Juno 15, 1882
J. A D.
Savannah, Ga.
J. A ,T. N.Y.,Nat.City Bk.ASav. Jan. 1, 1893
1891
J. A J.
Savannah, Ga.
F. A
F. A
F. A
M. A
M. A
M. A
....
State Line, 76 miles. Completed in 1870. Leased to Dub. & Sioux C. for 40
years from Jau. 1, 1867, 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. Lease transferred
to Illinois Central, October 1, 1867.
Capital stock, $1,585,500, and
funded debt, $1,473,000.
Cost of road, $3,242,174. A sinking fund
of 1 per cent per annum is provided.
Cedar Rapids & Mo. River.—April 1,1881, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 214 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and operated by
Chic. A N’west.
Rental, $700 of the first $1,500 of gross earnings per
mile; 33i;j per cent of next $3,000 per mile, and 20 percent of any
excess over $1,500 per mile.
Gross earnings year ending Mch. 31, 1881,
$2,9*1,714; gross earnings per mile, $10,831. The rental in 1880-81
was$sl 5,550 and disbursements, including dividends and interest, were
$(533,81 1. The total balance to credit of income account March 31,
1 S31, was $611,825.
In 1880 purchased a majority of the Sioux City &
Pacific Railroad stock.
(V. 32, p. 611.)
Central Branch Union Pacific.—June 1, 1882. owned from Atchison,
Kan., to Waterville, Kan., 100 miles; leased Ateh. Colorado & Pac. 252
miles; Ateh. Jewell Co. A W , 34 miles; total operated June 1, 1882, 386
miles. The Un. Pac. Cent. Br. was formerly the Ateh. & Pike’s Peak RR.,
and was one of tin*, roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which tlie^Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1, 1873, but
no foreclosure took place.
Earnings in 1881 on whole line, $983,732 ;
net, $267,041, (V. 32, p. 335.)
Central of Georgia (d Bank).—Aug. 31,18S2, owned from Savannah,
Ga., to Atlanta, Ga., 294^ miles; branch, Gordon to Milledgeville, 17
miles; leased - Augusta & Savannah, 53 miles; Eatouton Br. Railroad,
22 miles; Southwestern Railroad and branches, 310 miles; Upson
County Railroad, 17 miles ; total operated, 714 miles. In January,
1880, purchased the former Savannah A Memphis road—Opelika to
Good water, 60 miles—for $700,000. In 1881 the control of the Port Royal
A Aug. was bought; also a lease of the Georgia 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 snare 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. In February, l?*82.the Board resolved to issue $3,500,000
7 per cent certificates and distribute as a dividend, but it was after¬
wards decided uot to issue them.
-Traffic Earnings.
-Payments from Net Earnings—«.
$18,287 Years.
$891,538
$155,823
Leases.
Interest.
DivicPds.
Net
Gross.
The bonus carried interest at 3 per cent till 1881 and 5 per cent for the
$2,675,318 $1,093,967 $439,631 $279,178 $375,000
other 27 years, which accounts for the increase in interest in 1881.
(V.
375,000
439,652
272,428
2,781,654
1,181,906
32, p. 634, 679; V. 33, p. 715, 743; V. 34, p. 685; V. 35, p. 455.)
267.732
450,000
1,508,652
439,666
3,144,102
267,000
Cape Fear <& Yadkin Valley—Dec. 31, 1881. owned from Fayetteville
439,666
1,389,494
3,707,891
to Gulf, N. C., 47 miles. Total projected is from Wilmington to Mount
1.047,661
3,476,308
Airy, 250 miles. This was a reorganization of the Western RR. of N. C. This company and the Georgia Railroad Company are joint owners of
in April, 1879. Stock, $718,000.
In December, 1881, the New York & the Western Railroad of Alabama, purchased at foreclosure sale in
Southern Railway Co. of New York agreed to purchase the interest April, 1875. The “tri-partite” bonds are issued jointly by this company,
of the State of North Carolina—$550,000—but failed to pay. J. A. the Macon A Western and the Southwestern.
(V. 32, p. 44, 334, 396,
Gray, President, Greensboro, N. C. (V. 33, p. 622,715.)
611; V. 33, p. 526, 587, 715; V. 34, p. 31,177, 315, 548; V. 35, p. 455.)
Carolina Central.— March 31, 1881, owned from Wilmington, N. C., to
Central Iowa.—Dec. 31, 1881, owned from Albia, la., to Northwood, la.,
Shelby, N. C., 242 miles. Formerly Wilni. Char. A Rutherford, chartered 189 miles; Muchakinock Branch, 2 miles; Grinnell A Montezuma Br.,
in 1855. Succeeded
by existing company after foreclosure May 3, 1873. 14 miles; Stoney City Br., 39 imles; total operated, 244 miles. Char¬
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬ tered as Central RR. of Iowa and opened in 1871. Defaulted and placed
closure May 31, 1880, for $1,200,000. In 1879-80, gross earnings were in hands of a Receiver in 1873. Reorganized under present title, June 18
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $250,835. 1879, after foreclosure sale under first mortgage July 18, 1877. The new
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by stock issued was $2,100,000 common; 1st pref., $907,000, and 2d pref.,
this company and interest paid. The
stock of $1,500,000 is placed for $1,167,800, given for the old 2d mortg. bonds. 1st pref. has prior right
TrV^£ear8 in Gie hands of the reorganization Committee. (V. 32, p, 576; to 7 per ct. (non-cumulative) from net profits, after payment of interest;
V. 33, p 357, 559
then 2d preferred entitled to 7 per cent; any surplus, after pavment of 7
; V. 34, p. 343.)
Carson & Colorado.—March, 1882, owned from Mound House Nev., to on common stock, to be divided pro rata between the three classes. In
were issued to first mortgage bond¬
r^hclaria, Nev., 158 miles. Gross earnings in 1881, $254,065; net, February, 1880. the income bondsnet
holders in payment of four years’
$160,408. H. M. Yerington, President, Carson. Nev. (V. 35, p. 430.)
earnings due them, and are paya¬
ble by the
Calawissa.—Do,c. 31, 1881, owned from Tamanend, Pa., to Williams¬ holders of company ou three months’ notice. In December, 1881, stock¬
this company had the privilege of subscribing to the bonds
port, Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles;
of the Chicago Burl. A P. (extension lim), and received a bonus of Cent.
T.operated, 97 miles. Chartered as Little Schuylkill & Susquehanna Iowa stock, and in August, 1882, 17,500 shares of new stock were
i
* *’ nanie changed to Catawissa Williamsport & Erie in 1849. again issued for new road acquired, Ac. Following is a comparative
p
Koad opened Dec.
18, 1854. Reorganized under present name in 1859. statement of the
earnings and expenses for the years 1880 and 1881 :
1880.
1881
^easea fromper cent of
Nov. 1, 1872, for 999 years to Philadelphia A Reading,
cental, 30
gross earnings and $8,000 a year for company
Gross earnings
$1,001,366
$962,076
expenses. Funded debt is also assumed
by lessees. Seven per cent is
Surplus
guaranteed
$57,187
on
.
.
Expenses—
the preferred stocks.
r£<W« & Susquehanna.—Sept.
30, 1831, owned from Owego, N.JY..to
Chartered as Ithaca & Owego in 1828.
Lake, N. Y., 34 miles.
1- Reorganized as Cayuga & Susq, in April 1873.
T^aQ?£e*ne(l 111
nofk11 PerPetuity to Del. Lack & Western, Jan. 1, 1855, at a rental of
Jf.T7 a year. Dividends on capital, 9 per cent per annum. Capital
i»aivoi08ir,2f l’oad 1° present owners), $589,110. Gross earnings in
1880-81, $83,626; net, $18,015; loss to lessees, $36,584.
^dr Falls & Minn.—Dec.
31,1881, owned from Waterloo,
Ill., to Minn.
$576,579
$463,807
$711,741
$620,778
Net earnings
$289,625
-(V. 32, p. 205, 312, 500; V. 33, p. 587, 686, 715 ; Y.
547, 548, 687; V. 35, p. 103, 188, 266, 372, 455.)
$341,298
34, p. 230, 488,
Operatingexpenses
Renewals
Ballast
Tota' expenses
127,631
7.350
133,469
23,500
Subscriber* will confer a great favor
Miles
explanation of column headings, Ac., see notes
on first page of tables.
Central Iowa—1st mortgage
Income bonds, “debt certificates,” payable at will
Date
of
Bonds
Size, or
1879
1880
1881
$500Ac.
$3,700,000
500 Ac.
1,000
029,000
12,000 p. m.
100
18,503,200
1,000
1,000
1,000
5,000,000
4,400,000
15.000,000
189
Chicago Burlington A Pacific...
Central of New Jersey—Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Income bonds, reg., (not cumulative)
1st mortgage on
1876.
....
341
74
7
Lehigh A Wilkesharre Coal Co., prior liens
Outstanding
2/450,000
100 Ac.
500 Ac.
000,000
4,720,000
....
do
Consol mort
do
L. A W. B. Coal Co., inc’me bds.Tg. (not cum’lat’e)
Am. Doek A linn.Co. new M. b<ls., guar. O. of N. J.
AcUustment mort. (redeemable any time at par)..
Central Ohio—Common stock
Preferred stock
1st mortgage bonds
Central Pacific—Stock
(2 sinking funds, $50,000 each)..
California State aid, gold (s. fund, $50,000)
Istm.S. Joaq’u Val. Br., gld (s.f. #50,000)
U. S. Loan, (2d lien on certain terms)'.
Western Pacific, 1st mort., gold, (s. f. $25,000)...
1st mort., gold,
Government lien
Cal. A Oregon, 1st M., gold, guar., (8. f. $100,000)
Cent. Pac., mortgage, on C. A O. Branch
San Fran. O. A A., 1st M. (s. f. $100,000)
Land grant inortg:tge bonds
Income bds. ($0,000,000), skg.fd., 10 p.e.per aun’m
Charlotte Columbia & Augusta—1st mort. consol...
2d Mortgage
Ohartiers— 1st mortgage
Ches. Ohio d Southwest.—1st M., gold (#19,000 p. in.)
2d mortgage ($ll,000o per mile)
Paducah A Elizabethtwn, 1st mortgage
Central of New Jersey— Dec. 31, 1881,
Amount
par
Value.
....
1809
1872
1874
1878
1807
97
Newark A New York, 1st mortgage
do
[Vol. XXXV.
by giving Immediate notice of any error
of
Road.
*
BONDS
discovered in these Tables.
Bonds—Prinei-
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
RAILROAD
XX
1875
....
1381
1878
....
137
137
137
2805
742
50
140
742
158
123
152
152
20
11,500,000
3,553,000
1,000
100 AC.
....
....
....
5,000,000
5,500,000
2,437,950
411,550
2,500,000
59,275,500
25,883,000
1,500.000
6,080,000
25,885,000
2,623,000
1,970,000
6,000,000
2,080,000
1,000
100 Ac.
50
50
1,000
100
1805-8
1804
1870
.
1,000
1,000
1,000
•
...
1809
1,000
1809
.
1808
1872
1870
1870
1878
1,000
1,000
1,000
3,285,000
500 Ac.
1872
1871
1881
1881
1877
iso
1,000'
1809
All.
195
195
23
390
687,000
6,230.000
1,000
1,006
2,000,000
500,000
500,000
7,524,000
1,000
1,000
When
Cent.
500.060
owned from Jersey-City, N. J.,
Phillipsburg, N. J., 73 miles; brunches, 57 miles; leased and operated,
in New Jersey, 203 miles, and in Pennsylvania, 193 miles;
total
operated. 557 miles. The prineinal leased lines in Pennsylvania are
the Lehigh A Susquehanna and the Lehigh A Lackawanna, with
their branches, Ac. The main line from Elizabeth to Phillipsburg was
opened in July, 1852, and extended from Elizabeth to Jersey City in
1864. The Long Branch division was opened in September, 1875.
The
lease of the Lackawanna A Susquehanna Railroad is dated March 31,
187i, and is virtually a consolidation agreement, the lessees having pur¬
chased the rolling stock. In February, 1S77, the property was placed in
the hands of a receiver, and on April 1, 1877, default was made on con¬
solidated mortgage interest. Reorganization followed [See scheme, V.
Of the #11,500,000 Lehigh A Wilkesharre Coal
26, p. 215].
bonds, #6,110,000 are held by Central of New Jersey and are
deferred, having no claim for interest till all other bonds are
satisfied.
The Lehigh A Wilkesharre Coal Co.’s stock is #8,700,000, and
the company was taken out of receiver’s hands in March, 1882.
No
to
payable, and by
Wliom.
Payable
J.
A. A O.
0
....
Q.—J.
2%
7
7
7
7
7
6 A
7
7
5
7
3
3
6
3
o
7
6
0
6
6
6
6
8
0
8
New York,
do
A J.
7
7
F. A A.
M. A N.
Q-J.
M. A N.
J. A J.
Dividend.
Office.
do
N. Y., Taintor A Holt.
New York, at office.
do
do
do
do
do
do
do
do
do
do
July 15,189<
3 mo8.
notioe
1911
April 10,187t
1890
Nov., 1902
July 1. 1895
May 1, 190!
1887
N. Y., Cent. RR. of N. J. June 1, 1900
do
do
May 1, 1888
do
do
A J.
July 1, 1921
N. Y.. Cent. RR. of N. J. May 1. 1903
A N.
A J. Bait., at B. A O. office.
July 29,1882
do
do
J uiy 29,1882
A J.
do
do
A S.
Sept., 1890
A A. N. Y. A San Francisco. Aug. 1, 1882
A J.
N. Y., Fisk A Hatch.
1895 to ’98
A J. Sacram’o State Treas.
July 1, 1884
N. Y., Fisk A Hatch.
A O.
Oct. 1, 190Q
U. S. Treasury.
A J.
1895 to ’98
N. Y„ Fisk A Hatch.
A J.
July 1, 1899
U. S. Treasury.
1899
N. Y., Fisk A Hatch.
Jan. 1, 1888
A J.
New York A London.
Jan. 1, 1892
A J.
A J. N. Y.. Cent. Pac. Office. July 1, 1890
N. Y., Fisk A Hatch.
Oct. 1, 1890
A O.
N. Y. and S^n Fran.
A N.
May 1, 1888
A J. N. Y., Nat. Park Bank, Jan. 1, 1895
do
do
Jan. 1, i9io
A O.
A O. Philadelphia, Penn R.R. Oct. 1, 190]
New York.
Aug. l,r i9ij
Q.-M.
M. A N.
J.
M.
g.
g.
K.
8-
J.
J.
M.
F.
J.
J.
A..
J.
J.
....
g.
g.
J.
J.
J.
g.
A.
g.
M.
J.
A.
A.
7
7
5-6
....
.
6-8
'
F. A A.
N. Y., Ex. Norton
1879.
Expenses—
Oper. expenses and rentals... $10,207,803
Taxes and miscellaneous
998,800
$11/200,729
Total
Net
Pal,When Du«,
St ocks—Las*
7
7
(?)
1,000
Where
Rate per
$5,940,434
earnings
A Co.
1880.
$12.0 *5,669
827,940
Aug., 1911
Fell. 1, 189]
1881.
$13,859,307
720,120
$12^873,609 $14,579,427
$7,034,504
$9,514,673
INCOME ACCOUNT.
'
Receipts—
1880.
1879.
1881.
$9,514,673
233,903
262,500
...•
254,617
20 ‘,000
54,855
318,140
20,000
592,656
$3,492,110
$10,809,829
$3,715,325
$3,508,292
3,406,530
Total income
Disbursements—
Interest on debt
I lividends
Per cent
$7,63 t,r*01
$3,607,885
Contract with W., Far. A Co..
$5,910,434
$6,711,145
Net earnings
Interest on sinking fun is
Land trryiil, bonds redeemed...
Miscellaneous
3,556,530
433,000
97,808
...
f
420,000
(6)
(0)
satisfactory 'report- has been issued since 1878.
In February, 1881,
Messrs. Jay Could and Sidney Dillon were elected directors.
The
$7,061,822
American Dock A Improvement Company, which is virtually owned by.
$7,121,855
Total disbursements
$3,067,835
the railroad comnanv. issued a new mortgage in June, 1881, to retire
$3,745,007
$1,370,201
$3,013,260
Balance, surplus.
the prior issue and pay off the Central of New Jersey floating debt; and
The land department makes the following exhibit: Total grant from
the company reserves the right to purchase these bonds by lot at 110.
The adjustment bonds are payable at will, and also the income bonds so the Uidted States (12,800 acres per mile), 7,997,000 acres; grant to
reported. Tin- operations oi the New Jersey Central only, exclusive of the California A Oregon Railroad. 3,724,800 acres; total, 11.722,400
leased lines, showed gross earnings of #1,317,218 and net earnings of acres. Tue .-lud.s have been sold mostly on live years’ time, with a cask
#1,371,580 in 1S70; #5,300,970 gross and #2.1 45.222 net in 1HH>; and payment or 20 per cent at time of purchase. There had been sold prior
to the execution of the land mortgage, October 1, 1870, 127,037 acres
in 1881, #6,:"9 1.8S3 gross and #2,230,618 net. On Jan. 1, 1882, the
net floating debt was #2,442.5( 2, against #1,900.754 in 1881.
A de¬ for #295,005, and since 1875 yearly sales as follows; 1870, 36,503
tailed statement of assets in stocks, Ac., owned was published in V. 35, acres, at an average of #7 51 per acre; 1877, 92,617 acres, at #12 99%;
1878. 78,100 acres, at #8 21 Vs; 1879, 43,258 acres, at $ > 22%; 1880,
p. 130. Gloss revenue on all lines had been as follows prior to 1879:
114,852 acres, at #3; 1831, 195,254 acres, for $382,225. (V. 33, p. 73,
Paid from Net Earnings
Net
Gross
Interest.
Leases.
Dividends. 153, 254. 327. 328, 730; V. 34, p. 175, 406; V. 35, p. 124, 213,291,
Earnings.
Years.
Earnings.
.
$6,983,173
5,753,413
$983,113
$515,000
$075,609
706,345
$3,188,409
2,484,840
2,302,770
503,114
734,500
099,134
5,589,520
—(V. 32, p. 205.231,390, 420, 444, 454, 468. 635; V. 33, p. 23. 93,
528.502,559,022. 086, 743; V. 34. p. 145,189/ 203. 230, 203, 290,
315, 434, 4.59, 487, 488, 521, 574, 003; V. 35, p. 130, 213, 235, 372.J
Central Ohio. -Dec. 31,* 1881. owned
from Bellaire, O., to Columbus, O.,
in 1854. - Reorganized in
20 years, Nov. 11, 1866;
137 miles. Chartered in 1847 and opened
1805. Leased to the Baltimore A Ohio, for
rental, 35 per cent of gross earnings. Feb.
extended to Dec. 1, 1920, with the option of
23, 1880, the lease was
renewing for terms of 20
years perpetually.
In 1879-80 gross earnings were $1.003,505; net,
$311,45 *; lease rental, #351,247. In 1880-81 gross $1,0 0,025; net,
$228,267; lease rental, #352,108. The road between Newark A Col¬
umbus (33 miles) is owned jointly with the Pittsburg Cincinnati A St.
(V. 34, p. 488.)
Louis RR. Co.
Sail Francisco, Cal., to
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
operated under lease or contract—the Southern Pacific in California,
Arizona and New Mexico, California Pacific. 115, and others. 299;
total, 1,052 miles; total length of road operated and accounted for Jan.
1, 1882, 2,805 miles.
c
This was a consolidation (August 22, 1870) of the Central Pacific,
California A Oregon, San Francisco A Oakland, San Francisco A Alameda
and San Joaquin Valley railroads. In connection with the Union Pacific,
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
ward. The prices of stock have been as follows:
Central Pacific.—Dec. 31, 1881, owned from
92
....
-
86
925g- 87%
April.... 91 %- 88
913q- 88%
May
June
98*4- 86
9314- 80%
89*2- 83%
89 - 83*2
9478~ 8714
9230- 86%
98 V
102 V
1881.
1882.
1881.
1882.
Jan
Feb
March..
80%
94ia
July
97V 91
August.. 96V 91*2
Sept’ber. 94V 91*2
October
Nov’ber
Dee’ber
-
-
100V 89%
94 - 87%
98 - 88%
96%- 90%
97V 93
95V 8878
In late years an important feature of the Central Pacific status is the
short lease of the Southern Pacific in California, Arizona, Ac., at a fixed
rental. The annual report for 1881 was in the Chronicle, V. 35. p. 403,
giving the figures for 1881, and also earnings and expenses to June 30,
1882.
EARNINGS AND EXPENSES IN
Local
Freight—Through
Local
Mail, express and misc
'
1881.
2,806
2,360
$
Passenger—Through
Total gross
1880.
earnings
2,057
1,750,281
3,108.974
2,059,879
1,616,260
8,274.694
1,299,335
10,012,731
$
2,048,09©
4,614.733
3.423,499
12,413,040
1,442,460
1,559,133
#17.153,103
#2 4.503,1 13
#21.044.100
4.203,535
2,033,127
Columbia
of
dation (July 9, 1869) of the Charlotte A South Carolina and the
A Augusta.
The road has been under the control and management
the Richmond A Danville since 1878. Gross earnings 1879-80, $541,116; net, #184,500; gross in L83O-8I, $020,919; net, $211,990.
There
in addition to the above, bonds, $189,500 of old Columbia <fe
Augusta bonds vet outstanding, due in 1890. Stock issued, #2.578,000.
-(V. 32, p. 467, 577; V. 33, p. 730; V. 34, p. 59; V. 35, p. 372, 449.)
Chartiers.—Dec. 31, 1881, owned from Mansfield, Pa., to Washington,
Pa., 23 miles. Chartered as C. Valley in 1853 and opened in 1856.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati A St. Louis; the
rental is net earnings. Gross earnings in 1880, #93 733; net income,
all sources, $31,730; in 188 L, gross earnings, #L 10,031;‘net income,
#38,218. Capital stock, $048,302. (V. 32, p. 498.)
Chesapeake Ohio & Southwestern.—July, 1832, owned from Louisville,
Ky., via Paducah to Memphis, Tenn., 396 miles. This road forms the
western connection of the Chesapeake A Ohio and the Lexington ABig
Sandy and the Huntington system of roads when finished will reach from
Clies Bay to Memphis, and from Louisville to Memphis. The company
are,
purchased the Memphis Paducah A Northern—Paducah to Memphis—
and the Paducah A Elizabethtown, subject to the $500,000 mortgage on.
the latter, and leased the Cecilian Branch of Louisville A Nashville,
from Louisville to Cecilian Junction, with option of purchasing it,
making 390 miles of road altogether. Branches of 50 miles are also
projected. Stock authorized: Common, $6,300,000, and preferred,
83,500,000. Gross earnings for year 1881 on 350 miles, $789,182; net,
$174,796. (V. 34, p. 055; V. 35, p. 71, 78:)
Chesapeake & Ohio.--Dec, 31, 1881, owned from Richmond, Ya., to
Newport News. 503 miles; branches 9 miles; total operated, 512 miles.
Consolidation of Virginia Central and Covington A Ohio, and openea
The old company defaulted in 1873 Ma
through March 1, 1873.
the road was sold under foreclosure April 2, 1878, for $2,750,0w>
and reorganized under present auspices. The Eliz. Lexington & big
Sandy Railroad connects on the west, and in 1881 an interest m too
Elizabethtown A Paducah, the Memphis Paducah A Northern ana we
Kentucky Central roads was purchased for this company.
Under the reorganization the stocks are as follows to July 1, loo* •
Common, $15,906,138;
1879, 1880 AND 1831.
1879.
operated
Earnings—
Miles
313, 403, 105.)
Charlotte Columbia d- Augusta. — Sept. 30, 1831, owned from Charlotte,
N. C., to Augusta, Ga., 191 miles.
In November, 1831. leased Atlantic
Tennessee A Ohio Railroad, Charlotte to Straitsville, 47 miles. Consoli¬
preferred stock—first,
$7,922,803; ;8econa*
The “B” bonds take interest in first preferred stock tuj
November, 1881; in 1881-82 3 per cent cash and 3 per cent stock: i
1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all casn. aj*
$8,492,164.
interest m secou
stock and partly caau?
and afterwards all cash, if the earnings are sufficient but “ al^
not paid in cash to be paid in second preferred stock.” The cashinier
on series “B” begins at $450,000 per year in
1881-’82, and runs up
$900,000 in 1883-’84 and after. Firsi pref. stock has prior ngm w
per cent from surplus; then 2d pref. to receive 6 per cent; both ciase
second mortgage currency
bonds till July, 1884, take
preferred stock, then for two years partly iu that
precede the common.
October,
RAILROAD
1882.
DESCRIPTION.
Miles
Date
^r^tonation of
on
187-09
_
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, Peninsula extension
Cheshire—Stock, preteired
- • - - Bonds, not mortgage
Chicaao <& A Iton—Common stock.
Preferred st’ck (7 i». c. y’rly not cumulative)
Generafmoi tgagej sterling, for
1st mortgage
Income bonds—...
- •
r
do
guar.
....
£900,000
------
pref. stock
1878
1878
1878
1878
1881
846
846
322
220
220
38
150
37
37
150
101
101
....
....
1873
1863
1862
....
1864
1864
1868
1868
1870
1877
bonds on Miss. Riv. Bridge, 1st niort.,gold
1878
....
1877
1880
....
1879
1881
1881
....
100
96
40
Gross
Earnings.
$1,936,360
Expenses.
$1,594,739
1,507,332
1,915,018
1.891,512
2.514,215
1881
2,70o,343
2.267,403
_(V. 32, p. 154, 511; V. 33, p. 467, 517, 553, 715, 713
85; 264, 292, 343, 547, 548, 636; V, 35. p. 182, 313, 401.)
564,000
188,000
360,000
439,100
300,000
262,100
1,000
1,000'
1,000
1,000
100
1,000
2,874,000
100
1,750,000
189,900
....
1,000
1,000
700,000
6,500,000
100
69.814,191
1,000
2,412,000
13,9*6,000
1L,707,000
7,968,000
1,000
1,000
1.000
1,000
....
Operating
2,365,000
1,000
4,300,000
641,000
....
653,000
....
1,000
1,000
547,475
390,000
545,500
500 See.
For fifteen months ending Dec. 31, 1831, the net
earnings were
8632,538, or. charging off $121,659 extraordinary expenses included m
operating, the net earnings were $1,057,197. Earnings and expenses
were as"follows in 1**1, the fiscal year
having been changed to end
Dec. 31 instead of Sept. 30:
Years.
4,379,850
2,383,000
1,083,000
1,500,000
1,000
....
1872
1875
1869
12,974,000
2,425,400
500 &c.
100
....
1858
1873
$2,350,000
2,000,000
15,000,000
10,122,500
2.000,000
2,100,000
80i»,000
1,000
1,000
....
Atlantic— 1st mort., gold ($25,000 p. in.).
257
Chicaao Hurttugton d Quincy Stock
2924
1st mortgage, sinking fund, (trust)...
466
Consolidated mortgage coupon, (for $30,000,000)
825
Trust mort.on Iowa lines,coup.or ivg.(s.f. l*2l>.c.)i
740
Bonds (Repul). Va!. and Bur. & Col.bonds pledged) ]
....
1,000
....
....
....
1,000
100 Sec,
100 Acc.
....
162
Chicaao it-
Bonds for Kan. C. St. J. A <'. B. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)..i
Bonds of 1875, (sinking fund $13,800 per year)..
Dixon Peoria it Hannibal, 1st, cp., but may be rg. |
$1,000
Net
Earnings.
$311,621
381,209
569.227
337,910
V. 34, p.
xxi
INTEREST
or
100
500 &c.
100
100
....
....
K.C.St,L.& C. line, s.f. $60,000 after’79
preferred stock do
guar. C. <fe A...
Common stock
do
Bonds for
C & 4
428
503
428
428
75
80
....
Joliet & Chicago,.7 per cent, stock
8t. Louis Jack. & Ch., 1st mortgage.
((0
do
1st M. endorsed by C. Sc A.,
do
do
2d M. endorsed by C. & A..
jo
do
2d mortgage.. p
Louisiana A Missouri, 1st mortgage
(io
do
2d molt.(mt. guar. C. & A.)
an
Size,
BONDS.
notice of any error
discovered In these Tables.
Amount
of
of
Par
column headings, &c., see notes
Road. Bonds Value. Outstanding
flr8t pftge Gf tables.
(Mio^Purcb. money funding bonds...
1st mortgage, gold, A
.
AND
favor by giving Immediate
Subscriber* will confer a great
For exi
STOCKS
Rate per
When
Cent.
Payable
6 g.
6 g*
6 g.
6
6
Ronrfs—Princi¬
Where Payable, and by
pal,When Due.
Whom.
Stocks—Last
Dividend.
J.
&
A. &
M. &
J. &
J.
N. Y., Fisk & Hatch,
July 1, 1898
O.
do
do
July 1, 1908
N. N. Y.,
Company’s office, July 1, 1908
J.
do
do
July 1, 1918
A. Ac O.
N. Y., Fisk & Hatch.
Jan. 1. 1911
IV J. & J.
Boston, Office,
July 15, 1882
6
J. & J.
do
do
4
M. & S. N.Y.,.Iesup, Paton &Co. July 1,’96&’98
Sept. 1, 1882
4
M. & S.
do
do
Sept. 1, 1882
0 g. J. & J.
Lond’n.J.S.MorganACo. July 1, 1903
7
J. & J. N. Y.,Jesup, Paton Sc Co.
Jan., 1893
7
A. & O.
do
do
Jan., 1883
1%
N. Y. U. 8. Trust Co.
Q—J.
Oct., 1882
7
A. & O. N.
Y.,.Tesup, Paton <fcCo. April, 1894
7
A. Ac O.
April 1, 1894
7
J. Ac J.
July, 1898
7
J. & J.
July, 1898
7
F. Sc A.
Aug., 1900
7
M. & N.
Nov. 1, 1900
3*o
F. Sc A.
Aug. 1, 1882
6 g.
M. 6c N.
May 1, 1903
1 *2
Q-F.
Aug. 1, 1882
7-40
Cliic., Ill. Tr. <fe Sav. Bk.
May 20, 1881
6
A. Sc O.
N.Y.,Jesup, Paton A Co. Oct. 1, 1912
6 g- M. & N.
New York.
0 0
May 1, 1920
N. Y., Bk. of Commerce.
Q—M.
Oct. 15, 1882
8
J. & J. N.Y., Bk. of Commerce.
Jan. 1, 1883
7
J. Ac J. N. Y.N.Bk.of (■om.ABost
Jury 1, 1903
4 Ac 5
A. Sc O. N.
Y., Bk.of Commerce, Oct. 1, 1919
4
F. & A.
do
ao
Feb. 1. 1922
4
M. & S'.
do
do
Sept. 1, 1921
4 g- J. Sc J.
Frankfort.
July 1, 1890
7
A. Sc O. N.Y., N. Bk. of
Com’rce. Oct. -1, 1890
7
!J. & J.
Boston, Co.’s office.
Jan. 1, 1896
5
J. & D.
Boston, Co.’s Office.
June 1, 1895
8
J. & J. N.Y.,N. Bk. of Com’rce.
July, 1889
Taxes*
Dividends
Miscellaneous.
La. & Mo. R. b’d acer.
1878.
$
448.261
865,109
1879.
$
1880.
1881.
$
147,118
155,961
$
171,662
1,077,976
232,510
2,000
765,776
29,500
30,737
851.359
102,006
30,737
30,737
Total disbursem’ts.
2,503,983
2,400.311
2,973,871
3,772,788
Balance, stir, ordef.. def.l 71,053 sur.338,815
sur.921,035 def. 57,970
Buck taxes paid in 1878, $303,266
; do paid in
1^79, $31,025.
-(V, 32, p. 264 ; V. 33, p. 47, 221, 611; V.
34, p. 31, 86, 262 ; V. 35,
p. 188,265,404, 455.)
*
Cheshire.'—Sept. 30,1881, owned from South
Asliburnham, Mass., to
Chicago d Atlantic.—Road in progress from Marion, O., on line of N. Y.
51 miles; leased, Monadnoek RR., Winchendon to Penn. <fe Ohio, to
Chicago, 257 miles. Built as a connecting line for N. Y.
Peterboro, N. II., 16 miles; and 10 miles Vermont A
Mass; total oper¬ P. A O. and N. Y. Lake Erie & West., and both these
ated, 80 miles. $51,000 rental paid to Vt. A Mass.for leased
companies guaran¬
tee. the gross earnings on business
portion
over their roads to and from
of road. Gross earnings in 1880-81, $622,595;
the
net earnings, $135,410.
Chic. Ac Atlantic, as
security for interest on the bonds. Stock,
Capital stock—common, $53,300, and preferred, $2,le0,000.
$10,U00,000.
(See V. 33, p. 23; V. 34, p. 603; -V. 35,
p. 51, 211, 237, 405.)
Chicaao <£• A Hon — December 31, 1881, mileage as follows: Joliet
Chicago Burlington d Quineg.—Dee. 31. 1881, mileage was as
to East‘St. Louis (main), 214 miles; Branches—To
Coal City, 31 miles;
follows :
Main line—Chicago to Burlington, 205
Dwight to Washington & Lac’n, 80 miles; Roodliouse to
Louisiana, 38 281 miles; branches—Central Depot, 2 miles; Burlington to Plattsmouth,
miles. Total owned, 396 miles.
miles; Galesburg to Quincy. 100;
Leased—Chicago to
37 miles; Galesburg to Peoria. 52 : Yates
Bloomington to Godfrey, 150 miles; Louisiana to CedarJoliet,
City, 101 miles; ville, 33; Aurora to Turner City to Lewiston, 30; Lewiston to RushKansas City to Mexico, 162 miles. Total
Junction, 12; Geneva to Streator, 67;
leased, 450 miles. Total oper¬ Shabbona to Rock
Bellows Falls, Vt.,
,,
ated. Dec. 31. lssi, 816 miles.
Falls, 46; Mendota to East Clinton, 62; Hilda to Elm¬
wood, 4); Galva to New Boston. 50;
Chartered as tlie Chi. <fc Miss., Feb. 27.
Keithsburg Junction to Keiths1817; reorganized under act of burg,
Jan. 21,1857, as Chi. Alt. & St.
L., and under act of Feb. 16, 1861, Alton 5; Burlington to Curtilage, 30; Cartilage to Quincy, 40; Sterling to
Junction, 260; Cleveland Junction to
the present corporation succeeded to the.
Cleveland. Ill., 2; Port
property, which was sold Byron to Rock Island,
under foreclosure in tin*
following year and transferred to new organi¬ lington, 42; Chariton 7 ; Keithsburg to Sagetown. 17 : Keokuk to Bur¬
zation in Get., 1862.
to Leon, 38; Chariton to
Chicago and St. Louis were connected by the to
Indianola, 33; Chariton
Cliillieothe. 15; Creston to Hopkins,
present line in 1861.
The Joliet & Chicago is leased from Jan.
45; Creston to Fontenelie, 28;
1, 1861, Red Oak to
for the term of its charter, and forms
Hamburg, 40; Red Oak to Griswold, 18; Burlington Junc¬
part of the main line. Rental, 7
per tion to Villesea, 35 ; Hastings to
cent on stock and 8 per cent on bonds.
The St. Louis Jacksonville &
Sidney, 21 ; Hastings to Carson City,
16 ; Albia to Knoxville, 33 Knoxville
Chicago is leased in perpetuity from April 30, 1868, at a rental
;
to Des Moines, 35 ; Leon to
Grant
equal to City, 57 ; Albia to Moravia, 11;
40per cent of gross earnings until the amount reaches
Bethany Junction to Albany, 47; Platts¬
$700,000, with mouth to Kearney Junction, 191; Omaha to
a minimum of
$210,000 a year.
Common stock, $1,293,000; pre¬
Beatrice, 30; Beatrice to Wymore, 12; TableOreapolis, 17; Crete to
ferred, $1,031,000; $150 paid on common and
Rock to Wymore, 38;
preferred in August, Wymore to
1882.
The Louisiana & Missouri River
Endicott, 27; Nebraska City to Central City, 150;
Railroad is leased for 1,000
City to Nebraska City, 27; Neharna to Calvert, 9; Hastings to Neharna
years from August 1, 1870.
Rental, 35
Indian¬
but interest guaranteed on 2d mort. bondsper cent of gross earnings, ola. 148; Indianola to Culbertson, 23;
and pref stock as
Amboy to
above; to Endicott, 24;Atohisoii to Columbus, 221 ; total Hubbell, 52; Hubbell
owned Dec. 31, 1881,
2,828 miles; leased—Quincy to East Louisiana and
Branch to Hannibal,
46 miles; used jointly—Alton to East St.
East Nebraska City, 10; Pacific Junction Louis, 21 miles; Hamburg to
to Council B1 ill's. 18; Canal
)V
the (j. A A. bonds of 1878 issued
Street to Union Depot, 1 ; total, 96
to build this road, and a
miles; total operated Dec. 31, 1881,
sinking fund of 2,924 miles; controlled: Kansas
$60,000 per annum provided for their
City to Council Bluff's,’199 miles (28
redemption. Should the 35 per miles of which included above
cent be more than sufficient
under “leased;” Council B. to U.P.
to pay bond interest and 7
transfer
per cent on grounds, 2 ; Wiuthrop
the stock, tile excess is to
Junction to Atchison Bridge,
go to the. lessees. The Mississippi River
is leased in
Bridge Nebraska City, 2; Amazonia, Mo., to Hopkins, 50; 1; Main Line to East
perpetuity from December 3, 1877, at a rental of
Bigelow to Burling¬
be applied in
$03,000, to ton Junction, 32; Corning to State
payment of 7 per cent on $200,000
line, 30; grand
$700,000 bonds. To stockholders of record Nov.stock, and 6 per cent on There was also under construction December 31, to be total, 3,212 miles.
15, 1882, ten per cent
mnew stock was sold at
18*2, 308 miles additional. The extension to Denver completed during
par, the proceeds going to the
was opened
May,
bonds.
redemption of
Preferred, stock has prior right to a non-cunmlative divi¬ 1882. Also had control of the Burlington & Southwestern RR., the St.
dend not exceeding 7
Joseph & Des Moines RR., and leased the St. Louis Keomik &
ct. from net earnings, and (after
per
Northw.
on com.) also
payment of 7
RR., and (jointly with Wabash) the Humeston & Shenandoah
shares with com. in any
RR.
surplus. Prices of stock have been:
The Chicago Burlington Ac
-Cominon.Quincy was a consolidation taun. 1, 1873)
-Preferred.
of the Ch-'-a.-o
1882.
Burlington Ac Quincy in Illinois and tile Burlington &
1881.
1882.
1881.
Missouri River in Iowa. The
135 -128
January
Q. A. Ac St. c. was leased m perpetuity
156 -119
153 -153
from Oct. 1, 1876, at a rental of
February.... 13.>*2-128*2
$42,000 a
150*4-13 4
March
149*2-149*2 was leased from Oct. 1, 1876, at a rental year. The St. L. R. I. & C.
of $175,000 a year.
144 -136
132^8-127*2
133 -133
In
141 -140
1880 the Burlington Ac Mo. in Nebraska
132 -128*2
was
140*2-132
130 -130
absorbed, 630
145 -145
May...
including leased lines. A stock dividend of 20 per cent wrasmiles,
134*2-130*2
147 -135
then
147 -147
June
made. The Republican Valley RR.
131 -129%
stockholders wTere giveu a deferred
147
139
150 -150
stock entitled to no dividends before Jan.
Jaiy
141 -133
1, 1885, but iu Oct., 1881, the
142*2-135
Chic. Bur. Ac Q. stock was given for
August
145*2-138
149 -127x
this, in the proportion of three
shares for four. The C. 6 &
September
144V138%
Q. 4 per cent bonds were issued against
132%-128
146 -146
October
Rep. Valley and Bur. <fc Col. 5 per ceut bonds held in trust,
130*2-127
and an equal
140 -140
amount of Rep. Valley stock
November
scrip was also issued to subscribers to the
137*2-129
December
bonds, such scrip being exchanged April 1, 1882, into Chi. Bur.
134 -i27*a
& Q.
stock. See V. 33, p. 328. The Kan.
Annual report for 1881 in V.
City St. Jo. & Council Bluffs and
34, p. 262. Operations, earnings,
branches was purchased. 254 miles, and the C. B. &
nave been as
&c.,
follows for four years past;
Q. 4 per cent bonds
due Sept. 1, 1921, issued to
pay for it. New stock to amount of 10
INCOME ACCOUNT.
per
cent of old issued at par to stockholders of
record June 30, 1882.
1878.
1879.
The Chicago Burlington &
1880.
1881.
Quincy on its leases of the numerous branch
$
roads usually gave them a traffic
$
$
Total gross
$
guarantee of 40 or 50 per cent for pur¬
earnings
4,671,519
5,755,677
7,687,225
Net Receipts—
7,557,740 chasing their
is reserved to take
up prior
2,156.385
2,706,156
Other receipts... * ’. * 1 *
3,625,401 3,408,027 Island & Chicago Railroad are plain bonds of Chic. Burlington &
Quincy,
173,545
offset by mortgage of like amount on St. Louis
33,000
269,505
306,791
Rock Island &
Chicago
road deposited with trustees. Prices of stock
Total net income...
have been:
2,329,930
2,739,156
3,894,906 3,714,818
Ihsbw semenls—
1882.
1881.
1882.
1881.
$
$
$
Jan
hertals paid
$
138 -132*4 182*2-16738
135 -127
July.
595,125
165*8-154
754,913 1,067,991
1,096,995 Feb
136*8-128
175 -160
141 -1335s 161V149
Aug
*102,175
431 644 Mar
Interest on debt
135 V12712
169%-161*2 Sept.
137 -13158 166x-5 47*3
562,751
561.279
771,360
762,001 Apr
134*8-128*2 166*8-162
Oct...
in
n’ p*
& C. net earnings, which were’devoted to construction.
160-136 xp
m
Mav
133 V129 *2 173 -165
accordance with agreement.
Nov..
145 -136%
June
132 -.27*2
1 7 L
-162*2 Dec..
.x 13958-133 *2
.
_
fPnl
..
^
-
......
-
.
....
.
....
....
-
...
,
.....
RAILROAD
xxn
Subscribers will confer a great favor
1870
1870
1870
1876
1876
1863
1869
1870
1873
Quincy Alton & St. Louis, 1st mortgage, quar
Burl. A Mo. Riv., 1st on r’d &400.000ac’s I’d t Cp.
do
1st M. on br.,C.B.AQ.stk.(5th ser.) > or
do
Conv. bonds, C.B.AQ.stk.(6tk ser.) ) reg.
Bun. A Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for $14,000,000, s.f. $30,000
Omaha A S.W., 1st M., guar
do
Burl. A Mo. bonds, s. f. for Atcli. & Neb. RR.
Nebraska consol, mort., guar
Size, or
1878
274
.
8
8
8
5
5
7
8
8 *
8
6
8
4
7
6
7
7
7
6
7 g. 6
3
6
7
6
6
<> g5
6
8
8
4
5
7
890.500
500 Ac.
720,000
1,000
1,000
1,000
2,325,000
840,000
4,189,550
76,000
169,500
50 Ac.
500 Ac.
500 Ac.
50o Ac.
600 Ac.
43,000
11,441.200
728.000
1878
1880
1877
1877
1872
1859
100-Ac.
3,347,000
571,000
939,000
1,125,000
600,000
4,495,522
2.488,174
2,541,000
1,095,000
3,000,000
100 Ac.
100
1,000
100
100
100 Ac.
100 Ac.
3.000,000
767,000
250,000
,
1,000
250,000
1880
1882
18*0
1870
1871
Chicago d Grand l'runk—lat mortgage, $ and & —
2d mortgage for $6.000,000
Northwest. Grand Trunk, 1st mort
Chicago d Iowa—1st mort., coup., may be reg
2d mortgage
Chicago Iowa d Nebraska—Stock
2d mortgage (now 1st) extended
3d
do
(now 2d)
Chicago Milwaukee d St. Paul—Com. stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
I860
1863
£100 Ac
5,179,016
3,530,500
649,500
1,000
500 Ac.
'
1,000
1,000
600,000
1,150.000
100
100 Ac.
500 Ac.
3,916,200
256,000
211,500
100
100
....
3*2
3*2
22,810,687
14,401,483
published in the Chronicle, V. 34, p. 433
Comparative statistics for four years are as follows:
Total operated
Earnings—
Passenger
,,—
Rate per
Cent.
$1,076,000
$1,000
1,000
1,000
1,000
1877
1877
1881
C. A E. Ill. Extension, 1st mortgage
Dan. A Grape Creek RR.—1st mortgage
EQUIPMENT.
1879.
1880.
1881.
1,760
2,675
2,826
97
97
98
1.709
1,857
$
$
2,439,180 2,566,652
11,152,179 11,650,623
599,831
528,306
2,772
$
1878.
1.604
105
Outstanding
1872
1880
1877
stock
Republican Valley RR., bonds
Atchison & Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. & C. Bl., mortgage
do
do
income bonds, reg...
Chicago d Canada Southern—1st mort., gold
Chic. Detroit d Canada Gr. Trunk Junction—1st M.
Chic, d East. III.—Stock
1st M.,coup. is. f. $20,000 after ’85)
2d mortgage income (nou-cumulative)
ROAI) AND
Amount
Par
Value.
When
Where
Payable
Payable, and by
PaljWUttt i*;
Whom.
Dividend.
New York and Boston.
Boston.
July, 1900
Oct, 1890
July, 1890
■
Chicaqo Burlington d Quincy—(Continued)—
Ottawa, Oswego A Fox Riv., 1st m 4 Coupon, 1
Illinois Grand Trunk, 1st mort.> but may be >
) registered. )
Quincy A Warsaw, 1st moot
B’ds for St. L. R. I. & C. (sink, fund $50,000) coup.
Miles owned and leased.
Miles operated jointly..
discovered in these Tables.
Bonds--§tm
by giving Immediate notice of any error
Miles Date
of
of
Road. Bonds
explanation of column headings, Ac., see notes
on first page of tables.
The last annual report was
[VOL. xxxv.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
2,924
J. A J.
A. A O.
J. A J.
A. A O.
F. A A.
A A O
J. A J.
J. A J.
J. A J.
J. A J.
J. A D.
A. A O.
A. A O.
J. A J.
M. A $.
J. A J.
J. A J.
A. A O.
A. A O.
J. A J.
M. A S.
J. A D.
Dec.
....
N.Y., N. Bk.of Comm’rce
Boston.
N. Y., Farmers’ L.A
do
do
T.Co.
get. l, 190!
Feb. 1, i896
Oct.
1, 1893
1, 1894
July 1, 1889
Boston, Office.
Jau* 1. 1883
do
July 1, 1918
do
June i, 1896
Boston, N. E. Trust Co. Jan. i i910
Oct. 1, 1896
Boston, Office.
Bost., 49 Sear’s Build’g. July, 1918-19
Mar. 1, 1908
Boston, at Office.
Boston.
Jan. 1, 1910
Boston and New York.
Jan. 1, 1907
Jan. 1, 1907
Boston, at Office.
N. Y., Union Trust Co.
April 1, 1902
London, England.
July 1, 1884
N. Y., Central Trust Co. Mar. 1, 1882
Boston, 49 Sears’ Bldg.
do
do
Ju y-
New York, 4th Nat. Bk.
N. Y., Central Trust Co.
New York, 4th Nat. Bk.
Dec. 1, 1907
New York and London.
do
do
Jan.
Dec., 1907
Dec. 1, 1931
....
J.
J.
J.
J.
J.
J.
J.
F.
A.
A.
A
A
A
A
A
A
A
A
A
A
J.
J.
J.
J.
J.
J.
J.
A.
O.
O.
N.Y., E.P.Beacli.B’way.
New York and Boston.
do
do
Boston, by Treasurer.
Boston, Merchants’ B’k.
N. Y., Nat. Park Bank.
New York, Office.
do
do
iV 1900
Jan., 1922
Jan. 1, 1910
Jail. 1, 1900
Aug. 1, 1901
July 1, 1882
July, 1889
Aug. 15,1894
Oct. 16,1882
Oct. 16,1882
In hands of a Receiver for
and a half, amUsold Mar. 9, 1878, in foreclosure of second mort
gage of $1,150,000, but the sale and all foreclosure proceedings were,
canceled and overdue coupons were paid.
Gross earnings for year
ending June 30, 1881, were $563,055 and net earnings $243,800. Cap¬
ital stock, $1,328,000, and funded debt, $1,750,000; total stock and
bonds, $3,078,000. Cost of road and equipment, $3,418,479. This road
is used by the Chic. Burl. A Quincy to connect with the III. Cent., and in
Feb., 1882, passed into control- of Chic. Bur. A Q. (V. 33, p. 99,124,
321 ; V. 34, p. 204, 343.)
miles.
Chartered in 1869 and opened in 1872.
two year
Mail, express, Ac
903,641
14,119,665 14.817,105
/ j533fl3o
7,228,222
Freight
$
3. 616,086
16, ,595,819
1, 112,245
20,492,047
9,362,904
21, 324,150
10, ,574.357
Chicago Iowa d Neb.—July 1, 1881, owned from Clinton, la., to Cedar
Rapids,'la. (all steel), 82 miles. Chartered in 1853 and opened in 1858.
Bridge over Mississippi opened in 1856. Leased to Galena A Chic. Un. at
37Lj per cent of gross earnings, and now operated by Chic A Nortliwv, the
7,588,883
11,129,113
10,,749,793
year.
6,586,530
3,534.209
16,054,197
INCOME ACCOUNT.
1879.
1880.
$
1878.
$
1881.
$
Net earnings
Net B. A M. laud grant.
6,586,530
7,588,883
11,129,143
10,749,793
1,170,437
Total income
Disbursements—
Rentals pa d ..
Interest on debt
Taxes
6,586,530
$
7,588,883
12,028,45S
$
155,695
179,093
2,110,938
328,844
Dividends!
Carried to sinking fund.
223,313
Accounts written off
Transf’d to renewal f’nd 1,000,000
3.081,985
230,493
423,085
1,000,000
563,385
11,920,230
$
310,668
3,430,454
492,154
4,349,286
687,246
1,250,000
1,000,000
2,155,972
*603,437
2,212,827
$
899,315
203,006
3,282,718
441,590
4,366,064
tfotal disbursements
6,351,244 7,354,438 10,106,763 10,269,808
234,445
1,650,422
1,921,695
Balance, surplus
235,286
*
Including $264,456 foi taxes of 1873 and 1875.
t In 1878, 8 per cent; in 1879, 8 ; in 1880, 94*; in 1881, 8.
—(V. 32, p. 15, 44, 121, 231, 347, 365, 541,544, 658; V. 33, p. 124, 201,
224, 281. 305, 328, 384, 468, 559, 589, 622, 686; V. 34, p. 19, 86, 264,
290, 315, 343. 377, 419, 433, 575, 625, 636, 663,687,714; V. 35, p. 96,
266, 297, 456.)
Chicago d Canada South—Dec.
31,1881, owned from Grosse Isle, Mich.
to Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,500,000 over¬
due coupons.
Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago Cincinnati d Louisville.—Dec. 31, 1880, owned from Peru,
Ind., to La Porte, Ind., 73 miles. Opened in 1858. It is a reorganiza¬
tion of the Cin, Peru & Chi., and forms a part of the line from Indianap¬
olis to Michigan City. No information is furnished by the officers.
Chicago Detroit d Canada Grand Junction.— Dec. 31, 1881, owned
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859.
Leased to Grand Trank of Canada. Operations, expenses, &c., included
in lessees’ returns. Rental, $112,500, out of which paid interest, $65,700,
and dividenus, semi-annually, each 2 per cent, $43,800.
Capital stock,
$978,984, and funded debt, $1,095,000.
The road is owned by the
lessees, but a separate organization is maintained in Michigan.
Chicago d Eastern Illinois—June, 1882, owned from Dolton, Ill.,
to Danville, III., 10712 miles; Covington, Ind., to Coal Creek, Ind., 10^2
miles; Danville to Sidell’s, 23 miles; leased, Dolton to Chicago (C. A
W. I.), 17 miles; Wellington Junction to Cisna, 13 miles; Evansville T.
Haute A 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, 240 miles.
Evansville Terre Haute A Chicago leased
May 1. 1880, for $7o,000 per year. The Chicago A East Illinois was
chartered as Chicago Danville . A Vincennes in 1865, and opened m 1872
and 1873. Sold under foreclosure Feb. 7, 1877, and reorganized under
existing style Sept. 1, 1877. In March, 1882, the U. S. Supreme Court
reversed the decree of foreclosure of the Danville road, but granted a
rehearing. Report for year ending June 30, 1882, showed $1,692,266;
net, $693,444. (V. 32, p. 437, 500; V. 33, p. 100, 411,502; V. 34. p s6,
114, 175, 291, 316, 343, 548, 574, 636; V. 35, p. 21, 78, 373, 404, 454.)
Chicago d Grand Trunk—This is the consolidation of roads between
Port Huron and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 339 nules operated. It includes the former
Port Huron A Lake Michigan and the Peninsula roads, sold in foreclosure.
Stock, $6,600,000 in $100 shares. The Graud Trunk of Canada gives a
traffic guarantee of 30 per cent of gross earnings on business to and
from the Northwest Grand Trunk Road, to apply for 20 years on the
lirst mortgage interest and for 30 years on the Northwest Grand Trunk
interest.
Gross earnings for 1881, $1,631,751 ; net, $199,726. (V. 34,
p.
86, 315.)
Chic.d Iowa.- June
30,1881, owned from Aurora,Ill., to Foreston, Ill.,
80 miles; leased, Flagg Centre to
R')3k/'»xd, 24 miles; total onerated, 104
maximum rental
by subsequent agreement not to exceed $500,000 a
Rental for 1881, $473,974; interest,
$32,386; dividends (9 per
cent), $352,458.
Chiccgo Milwaukee d St. Paul.—Dec. 31, 1881, the following was
officially reported as the mileage owned and operated Chicago to Mil¬
waukee, 85 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St.
Paul, 130 miles; Milwaukee to Prairie du Cliien, 194 miles ; Mazomanie
to Prairie du Sac, 10 miles; Milton to Shullsburg, 77 miles; North Mc¬
Gregor toSt. Paul, 212 miles ; Conover to Decorali, 9 miles; Meudota
Minneapolis, 9 miles; Roektou to Rockford, Ill., 16 miles: Calmar to
beyond, 300 miles ; Marion towards Council Bluffs,
Mason City, 39 miles ; Hastings to Aberdeen and
beyond, 272 miles ; from Aberdeen south, 33 miles; Davenport to near
Fort Atkinson, 153 miles; Watertown to Madison, 37 miles; Madison
to Howard City, 22 miles; Milwaukee to Portage, 98 miles; Mad
ison to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Necedah,
13 miles; Wabasha to Zurnbrota, 59 miles; Horicon to Berlin and Winneeonne, 57 miles; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids,
92 miles; Paraltato Farley, 44 miles; Racine to Rock Island, 197 miles;
Eagle to Elkhorn, 17 miles, and Eldridge to Maquoketa. 32 miles; Gleneoe to Ortonville and beyond, 206 nine.-; La Crosse to Madison, 375
miles; La Crescent to near Sabula, la., with branches, 324 miles;
Tomah to Jenny, 109 miles; Mineral Point to Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yankton,
with branch, 131 miles; Minneapolis to Burton, 28 miles: from Bridgewater west, 80 miles; Dell Rapids to Sioux Falls. 19 miles; and small
branches, amounting in all to 127 miles; total operated, 4,217 miles.
The Milwaukee A St. Paul Railroad Company was organized May 5,
1863, and embraced a number of other companies, including the Milwau¬
kee A Mississippi, the Prairie du Chien, the Lacrosse A Milwaukee, and
otucvs. The Milwaukee A St. Paul afterward purchased the St. Paula
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
Western Union Railroad was leased in 1879 for 999 years, and the bona*
were retired by tbe issue of the Chic. Mil. A St. Paul bonds secured Dy
mortgage on that road. Of the consol, mort. bonds of 1875, enough are
reserved to take up the prior bonds. The latter had a sinking fund oi
1 per cent per.annum, but holders may have their bonds stamped ana
to
Marion Junction and
198 miles; Austin to
discharged from the operation of the sinking fund. In June, 18»Aa
further issue of 20 per cent in stock was voted, of which 10 per cew
was issued as a dividend to stockholders of record Sept. 15.1882, ana
10 per cent was sold to them at par.
The preference of the preferred stock is a prior right to a
tive dividend of not exceeding 7 per cent from net earnings
,
non-cumuia(except tnat
$250,0j0 above interest on bonds may be reserved as a working capita1*
before payment of the dividend.)
After payment of 7 on preferredclAnu
both classes share pro rata.
Milwaukee A St. Paul have been:
Common.
,
1881
1882.
7 on common,
Prices of stock of the
Preferred.—-—
,
January
February
11078-104^s
110i8-106i4
March
118 *4-108
April........
May
11378*10S%
113*2-109%
Juue
112-58 103
July
August
September.,
October
November
December
12218-1 ll7a
125 -11978
i2.3i4-lo71.2x
-..
12414-1^914
117V10112
11418-106 /
11334-108
129 -1125s
12914-120
12838-1071^
HO^-llO^
Chicag
1881.
1882.
123
-H914
12278-120
126
-1191s
122%-118%
122
128
-119
-120
126
-120%
126^-11?%
140 -12o%
135%432
13518-127
139*2-134
13318-1291*
12238-lllisxp.l44i4-123x
11214-106
-122
126VH7
132
133%;?4?a
12412416%
11078
1087s-L02i4
An abstract of the last annual report (for 1881) was
Chronicle, V. 34, p. 519.
.•amirrant
The reporr of the Land Commissioner states that in the lowag
there were sold in 1881, and contracted to be sola, 158,314 acres,
.
price ot $721,8 >1; and there was received on account thereor
cash, beiug $219,922 principal and $28,462 interest. In the M*j*
^
grant the sales aggregated 1,120 acres, amounting to $6,720. fu
^
remaining unsold Dec. 31, 1881, were as follows: In
acres; in Minnesota, $314,426 acres; making a total of 500,t
The following table shows the operations, earnings, capital w
<fec., for four years:
-
published
.
m
m
Subscribers
Miles
ration Of column headings, &c.,
fir8t
page
T^ZZmiicaukee
& St.
notes
see
Qf tal)leg>
Paid-(Continued)—
mortgage’ (iowa A Minn.)
mortgage (Minnesota Central).
mortgage (Iowa ^RJmon m*>
M.Ja.&Dak.Ext.($15,000p.m.)
mortgage (Irairie du Clneu)...
mortgage (Prairie du Chien)...
Milwaukee, tfc Western
ff&aist M.<Riv.D.)$A£(conv.)
370
220
49
1st
1st
1st
1st
1st
2d
1st mortgage, Hastings
latM Cnic. A Mil. lino
coup
but
>
may
bo
^ re^j8tered
end’rseincut.
A Dakota.
Minnesota Div. ($9,000,000) ....
extended ..
Dubuque A Minn
-.
Mineral Point Division
Div., 1st mortgage
Chic! it Pac., West, Div., M., gold, $20,000
Dubuque Sent
Ohicaao dk
li western, 1st mort
p. mile
Northwestern—Common stock
....
Consol, sink’g fd Mortg
Madison extension, 1st mort., sinking
Chicago A Milwaukee, 1st mortgage
1,000
1,000
1,300,000
1,000
1,000
....
1,000
1,00 >
3,000,000
1,000
7,203,000
352,000
5,290,000
fund, gold.
....
1,000
1,000
«...
....
1859
1862
1859
1863
1865
1871
74
779
126
85
—
1879.
1,112,(563
05,198,189
Passengers carried..
Passenger mileage ...
Rate per pass. p. mile
3 09 cts.
1,000
1,000
1,000
100
100
100 Ac.
100 Ac.
100 Ac.
1,000
1,000
500 Ac.
1.000
1881.
2-84 cts.
2-8(5 cts.
2,550,734
4,276,088
3,260,553
Freight (tons) mil’ge. 321,818,902 401,595,734 504,876,154 697,347,607
Av. rate p.ton p.
1*80
mile
cts.
$
2,011,496
5,750,497
Earnings—
Passenger
Freight
Mail, express, Ac,...
689„774
1-72 cts.
1*76 cts.
$
$
2.273,701
6 850,755
8S8,363
1-70 cts.
$
3,159,051
8,884,227
1,042,841
3,938,989
11,*84,795
1,201,677
4,792,313
10,012,819
5,473,794
13,086,119
Operating, expenses.
7,742,425
17,025.461
10,317,931
Net earnings
P.o. of op.ex. to ear’gs
3,659,454
4,539,025
5,343,694
6,707,530
56-70
54-70
5920
6060
$
5,343,694
324,298
$
6,707,530
Total gross
8,451,767
earn’gs...
earnings..
Other receipts.
Net
Total income
Disbursements—
Interest on debt.
Diva, onpref. stock ..
Do rate percent...
Divs. on com. stock
Do rate per cent...
Miscellaneous
3,672,884
$
2,135,730
1,289,346
Total disbursements.
Balance, surplus..
....
10^
$
4,539,024
74,517
4,613,541
$
2,287,407
■
859.564
7
635,308
5,667,992
$
2,837,385
859,564
7,342.838
$
4,127,389
887,424
r
7
385,106
1,078,298
1,078,298
2*2
7
7
87,040
70,000
81,000
3,512,116
3,602,077
160,768
1,011,461
4,856,247
811,745
..
6,093,111
1,249,727
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1879.
1878.
$
A
$
Railroad,equipm’t,Ac 59,001,257 63,399,448
Stocks owned, cost... )
Materials, fuel, Ac....
Cash on hand ..:
Daven. & N’west RR.
aqa
n
\ 2>469-096
185,610
133,127
976,160
HI. & Iowa coal lands
Cash due on st’k subs
Miscellaneous items..
7,133,028
483,604
385,971
801,694
1,750,000
1880.
$
1881.
$
22,210,844
971,400
676,300
3,440,300
256,000
6,890,000
3,0 L9,500
1,700,000
Payable, and by
Whom.
Stocks—Last
Dividend.
July 1, 1905
1893
1884
1897
1894
1899
July 1, 1908
1898
,
-
1898
1891
Jan., 1902
1902
1903
1919
July 1, 1909
Jan.
Jau.
1, 1910
1. 1910
1890
Jan.
1, 1910
July 1, 1920
July 1, 1920
Jan.
1, 1909
1910
July 1, 1921
Jan.
1, 1921
Oct., 1883
June, 1882
Sept. 26, 1882
Aug. 1,
Nov. 1,
Aug. 1,
Sept. 1,
Feb. 1,
1885
1883
1885
1898
1915
April 1, 1911
July 1, 1898
(all less than $200,000 each) in addition to those in the table
above, viz.: Appleton extension, $116,000, 7s, due 1885: Green Bay
extension, $180,000, 7s, due 1885: Miss. River bridge bonds, $153,000,
7s, dm* 1884; Beloit & Madison RR., $188,000. 7s, due 1888; Minnesota
Val.RR., $150,000,7s, due 1908 : Plainview, $100,000, 7s, due 1908.
As to tin- nominal surplus of the company representing the expendi¬
tures for proprietary roads, Ac., see remarks in Chronicle, V. 35, p. 187,
on the annual report.
Preferred stock has prior right to 7 p. ct.; then,
common entitled to 7; then preferred lias a further prior right to 3 per
cent; then -'common to 3; then both classes share.
The
as follows :
Common.
1882.
1881.
136 -12.314
lSl^-lSM
prices of stock hav e been
,
.
January
February
136
-12838
-139
145
April
May
13814-130%
150 -137
150%-144
August
September...
October
November
December
The company
2,163,567
783,992
564,715
382,951
1,265,364
663,641
1,028,764
555,200
14112-13612
145
141
144
147^-139 78
131ie
-131%
-131ig
-13713
-137*3
-139
145
138
137
146
144
145
140
140
142'78-1373a
135
-124%
13238X12438
-136
-13919
14712-142
151%-146
175 -151%
171 -16412
1317s-121
127 «8-122
127%-122%
13038-123%
130*4x123
-
-136
-135%
-135*3
136*8-131*3
144 -13514
126%$12078
-
*
1882.
12478*119%
13212-128U
July
Preferred.
1881.
,
13414-117
125VH9
131%-125%
13158-128
143*4-136
has a land grant and the summary of the Commissioners'
report showed that the total consideration for the lands and lots sold
amounted to $883,126.
The number of acres which were actually
deeded from the various grants during the year was 158,613, and the
number of acres under
comract of sale at
the end of the year was
353.860. The receipts from cash sales and advance payments amounted
to $598,404; from time payments on credit sales, $16^,953;
est on contracts, $1:2,170; and from trespass on timber lands
from Inter¬
and stump-
age, $9,660. Total cash receipts, $820,194. The statement of amounts
secured to be paid to the company by outstanding contracts of sale In
force at the end of t be fiscal year showed a total of $777,030.
TABLE OF LAND GRANT LAND8 FOR YEAR ENDING MAY
Acres
Acres deeded
Name of
unconveyed
May 31/81.
1,329,690
during
grant.
Minnesota...
year.
May 1882
31, 1882.
Acres under
contract.
99,185,683 120,073,630
Michigan...
Wisconsin
Men. River..
..
84,697
38,695
Acres
not deeded
or
contracted.
970,188
447,895
326,210
20,688
550,786
342,324
112,232
276,668
64,195
1,582
11,415
158,613
353,860
1.824,421
14.532
80,129
503,119
318,660
112,329
232,736
1,129,215
417,660
Total
63,083,910 74,066,074 103,313,644 125,636,593
Liabilities—
$
$
$
$
Stock, common
15,404,261 15,404,261 15,404,261 20,404,261
Stock, preferred
12,279,483 12,279,483 12,404,483 14,401,483
Bonds(see Supplem’t) 32,088,500 41,349,500 67,172,000 79.059,000
All other dues & acc’ts
789.927
3,899,002
305,877
2,067,165
Income account
4,343,283
5,593,011
3,531,538
2,520,074
Unpaid pay-rolls, Ac.
711,365
1,048,541
2,279,836
484,715
Advances
873,911
Total liabilities... 63,083,910 74,066,074 103,313.644 125,636,593
-(V. 32, p. 155, 183, 205, 288, 367, 433, 456, 466, 569, 635; V. 33, p,
254,411,441. 519, 559, 580, 589, 641, 687,736; V. 34, p. 114, 292, 315,
367,408, 460, 479, 519, 521, 522, 560, 587, 625, 663, 679, 687,714 ; V.
35,p.21,23.182, 211, 431,456.)
Chicago <6 Northwestern.—At the end of the fiscal year, May 31, 1882,
the mileage was made up in the annual report as follows: Wisconsin
Division, 555 miles; Galena Division, 313 miles; Iowa. Division, 622
miles; No. Iowa Division, 291 miles; Madison Division, 461 miles;
Peninsula Division, 291 miles; Winona & St. Peter Division, 448 miles;
Dakota Division, 296 miles; total, 3,278 miles.
The Chicago St Paul A Fond-du-Lac Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2,1859, and the
Chicago & Northwestern Railway was organized as its successor with a
Mileage then of 193 miles, not all complete. In 1864 the company
absorbed the Dixon Rock. & Kenosha, the Gal. A Chic. Union and the
Peninsular RR. of Mich. In 1878 the Lacrosse Tremp. A Prescott RR.
also consolidated.
The progress of the
company in mileage, traffic, earnings, Ac., is best
snown in the
comparative tables below. Quarterly dividends were com¬
menced on the preferred stock in February, 1879. The sinking fund
bonds of 1879 are secured
by a deposit of mortgage bonds, on the new
wads acquire at the rate of
$15,000 per mile, and the terms under
yhichthat thisare issued were published in V. 29, p. 277. The deed sets
lorth these
company issues its sinkiug fund bonds, to run 50 years
^j0in amounts not October,
snd the 1st dav of
1879, interest not
exceeding 6
ner cent,
exceeding $15,000 per mile of railroad actually conor acquired.
In June, 1882, of these bonds so far issued,
vo,605,000 were 6s and the balance 5s. There are several small issue*
2,840.000
1.369,000
13,840,000
74,000
16,737,655
June
INCOME ACCOUNT.
$
3,659,454
13,430
Where
J.
J.
A.
J.
J.
J.
March
Receipts—
Bonds owned, cost...
Bills& acc’ts rec’vable
When
Payable
of bonds
1880.
1,555,446
2,985,885
2.127,501
78,119,592 111.561,919 137,940,086
2 93 cts.
1,109,745
1,000
1,955,699
Freight (tons) moved
6,152,000
1.700.000
107
500
oi 'EliATIONS AN I) FISCAL KE SUl.TS.
is; 8.
215,000
3,998,000
97,000
2,494,000
2,500,000
4,000,000
....
1*80
1880
1880
1879
1880
1881
1881
1863
158
300
107
107
142
(IS
465
47
3.278
Bonds—Princi¬
pal,When Due.
J.
New York, Office.
J.
do
do
O.
do
do
J.
do '
do
J.
do
do
J.
do
do
J.
do
do
A.
do
do
A.
do
do
do
J.
do
J. London and New York.
J.
New York, Office.
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.
New York, Office.
J.
do
do
J.
do
do
O.
do
do
D. New York, Co.’s Office.
2
do
do
Q.-M.
F. A A.
do
7
do
M. A N.
7
do
do
7
do
do
! F. A A.
M. A S.
do
7
do
do
7
do
Q.-F.
7 g. A. A O.
do
do
J. A J.
do
do
7
3,674,000
....
(Peninsular RR.) on roads and lands...
Operations—
xxiii
&
&
7
A
7
&
7
A
7
&
7
J. &
8
F. &
7*3
F. A
7
J. A
7 g. J. A
7
J. A
7
J. A
5
J. A
6
J. A
6
J. A
6
J. A
7
iJ. A
7
J. A
6
J. A
6
J. A
7
J. A
5
J. A
5
J. A
5 g. J. A
7
A. A
3L> 1 I. A
3,814,000
1,000
1861
1872
1872
1873
1879
1879
1880
1880
540
7
7
123,000
558,000
1,000
1,000
1868
3,278
Preferred st’ek (7 p. c. y’rly, not cumulative)
193
Bonds, prof, (sink’g fund), 1st mort., Chic, to Osh.
193
Interest bonds, funded coup., 2d in., Chic, to Osh.
193
1st mort., general, 3d mort., Chic. to. Oshkosh—
1st mort,
1,000
1868
130
75
85
160
212
Rate per
Cent.
Outstanding
Value.
1878
....
1st inert, on So.
Tjmd grant income bonds
1st mort on Hastings A Dakota Div.
1st
on Chic. Clinton
1st mort. on Wisconsin Valley RR
Prior mort.
do
1st mortgage,
rhio A Lake Superior
1867
335
235
235
’
Amount
Par
$1,000 $11,738,000
1,000
5,673,000
1,000
387,000
1,000
3,431,000
1864,
1869
....
Ttonds’for Davenport A Northwest RR
ist mort- on S. W. Div. Western Union RR
1st mort. on Chic. A Pac. Div., Chic, to Miss. Riv..
mort!
BONDS.
INTEREST OR DIVIDENDS.
Size, or
1875
1863
1864
37*6
(Lacrosse Div.)......
mortgage
Date
of
of
Road. Bonds
CSoUd&mortgage (for $35,000,000)....
1st
AND
will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For expum
STOCKS
KA1LKOAD
October, 1883. J
Total
2,335,033
The gross earnings for year
ending May 31,1882, were about $ 1,300,larger than in 1880-81; net earnings also much larger. The latest
000
annual
report (1881-82) in the Chronicle, V. 35, p.
187, showed the
following earnings, expenses, Ac., for the whole line, including pro-
prietary’roads:
operations and fiscal results.
1879-30.
1880-81.
1881-82.
Operations1*78-9.
3,964.798
Passengers carried.
3,328,427
4,482,317 » 6,754,717
Passenger mileage.116,068,482 140,116,884 164,333,508
205,574,178
Rate per pass. p. m.2-79 cts.
2*67 cts.
■> 2‘53 ots.
2*52 cts.
4,265,9 T7
5,574,635
Fr’ght(tons) mov’d.
6,662,112
8,190,893
Fr’ght (t’ns) mil’ge.681,878,311 865,909,542 980,522,774 1,192,188,039
Av. rate p. ton p. m.
156 cts.
1*49 cts.
1*47 cts.
147 cts.
Earnings—
$
$
$
$
Passenger
4,158,130
3,240,696
3,737,343
5,171,423
Frieght
10,637,3)8 12.897,778 14,414,151
17,525,134
Mail, express, &c..
702,857
714,228
761,791
988,099
Tot. gross
earn’gs 14,580,921
Operating exp’nses 7.349,653
Taxes........
357,996
17,349,349
8,049,358
382,241
19,334,072
9,979,619
446,202
23,684,656
12,117,076
522,558
7,707,649
Total
Net earnings
P.o.of op.ex.toeam.
8,431,599
10,425,821
12,639,634
6,873,272
8,917,750
48*59
8,908,251
53*92
11,045.022
52*86
53*37
INCOME ACCOUNT.
1878-79.
DisbursementsRentals paid
Interest on debt...
Dividends
Rate on pref
Rate
on common
..
Sinking funds
1879-80.
1880-81,
1881.82.
$
Receipts—
Net earnings
6,894,283
9
8,917,750
$
8,908,251
$
11,045,022
1,225,732
1,408,003
1,384,732
1,569,618
$
3,261,793
2,105,868
7
4
98,120
Miscellaneous
Tot. dish’rsem’ts.
6,691,513
Balance; surplus...
202.770
$
3,322,015
2,405,521
7
.6
$
3,647,897
2,420,273
7
6
$
3,999,208
2,586,637
7%
6*2
98,120
98,120
98,12|t
7,243,101
1,674,649
7,551,022
8,253,583
2,791.439
9,442
1,357.229
VOL. XXXV.
notice of any error discovered in tliese Tables.
Subscribers will confer a great favor by giving Immediate
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
RAILROAD
explanation of column headings, Ac., see notes
on first page of tables.
Miles
of
Road.
Date
of
Bonds
Size,
or
Par
Value.
Amount
Outstanding
Rate per
When
Ceut.
Payable
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold, coup, orreg. ($48,000,000) 1,058
137
Winona A St. Peter, 1st mort., guar by Chic.ANW.
137
do
' 2d mort., guar, by Chic. A N.W.
175
1st M. extern, gld, land gr., s. f..
do
75
Cowa Midland, 1st mort., guar, by Chic. AN.W..
62
Northwestern Union, 1st mortgage, gold
24
Rochester A No. Minnesota, 1st mortgage]
-Chic. Mil. A N. W., construction bonds
Ghicago A Tomah, 1st mort., guar
>.
80
Milwaukee A Madison. 1st mort., guar
1876
1871
1872
1870-1
1870-1
1871
1870
$....
500 Ac.
500 Ac.
1,000
1,000
1,607,000
100 Ac.
1,000
4,124,500
1,350,000
3,396,000
200,000
1880
1,000
1,000
7
450.000
1878
6
6
6
5 A 6
7
7
6
1,528.000
1,600,000
11,990,000
406,000
194,000
-
720,000
300,000
887,000
96
Chicago Rock Islandd Pac.—St’ck (for $50,000,000) 1,381
636
1st mortgage, coup, or reg
271
Chic.A Southw., 1st M.g. (g’d iu cur. by C.R.I.AP.)
206
Chic. St. Louisd V. 0.—1st M. (N. O. J. A G. N.)....
224
185
185
567
567
All.
2d mortgage, (N. O. J. A G. N.)
1st mortgage, (Miss. Central) ($100,000 disputed)
2d mortgage,
do
($500,000 disputed)
Chic. St. Louis A N. O. 1st mort
do
do
2d mort
do
cons.M., gld.(for $18,000,000)
do
7
7 g.
7 g.
7
7
7 g.
8
7 g..
$560,000
2,586,500
12,343,000
2,547,000
500 Ac.
1872
1879
Sink, fd.bdsdl st M.as collateral) ($15,000 per m.)
Des Moines A Minneapolis RR., Bonds
do
do
Bonds
Escanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
Other small issues (see remarks below)
Chicago Pekin d Sout/ncestern—1st mortgage
Chic Portage d- Superior—1 sf, inorf., gold
1871
1881
1,000
1 000
100
1877
1869
1856
1860
1854
1865
1877
1877
1881
Chic. St. Paul Min’polis d Omaha—Common stock.. 1,003
1,003
Preferred stock
Consol, mortgage (for $30,000,000)
177
Chic. St. Paul A Minn., 1st mort., gold, coup
1880
1878
6
()
f*
1,000
1,000
1,000
180,000
10,435,000
6
7
8
8
7
8
7
6
5 g.
100
100
1.000
500 Ac.
18,715,733
10,854,933
8,764,000
3,000,000
6
6 g.
1,000Ac
100 Ac-
1,000
1.483,000
335,500
1,000
500 Ac.
100 Ac.
1,319,500
1,400,000
}. 1911
J. 1917
lV
7
1,000,000
(?)
41,960,000
12,500,000
5,000,000
2,847.000
A
A
A
A
A
A
i'\
$70,730,549
48,311,241
200,000
54,679,521
200,000
363,809
1,233,235
1,125,779
"
Materials, fuel, Ac
1,255,098
1,977,865
1,321.000
$129,704^369 $139,139,871
Total
Liabilities.
Stock, common (less amount held by Co.)..
amount held by Co.)
roads, Ac
Bonds, inel. live in sink. fd. (See Suri’LE.M’T)
$15,093,488
$15,095,924
21,650,783
22,153,119
21,244,650
57,006,000
1,321,000
401,774
971.185
2,529,390
63,786
272,232
2,141,311
74,829
439.935
530,000
303,046
407,000
689,534
675,430
Uncollected coupons, old dividends, Ac
Accr’d rentals of l’s’d ids. in la., not yet due
General consolidated bonds unsold
675,430
due
17,329
7,533.987
$129,704,369
4,098
7.264.582
$139,139,871
—(V. 32, p. 233, 611, 636; V. 33, p. 199, 322, 404, 467, 559, 580, 587,
736; V. 34, p. 158, 176, 367, 479, 488,567, 603, 636, 679; V. 35, p. 187,
265, 291.297, 347, 374, 405, 431.)
Chicago Pekin d Southwestern.—July 1,1881, operated from Pekin, Ill.
to Mazon Bridge, III., 91 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold
under foreclosure of second mortgage May 31, 1881, and to be reorgan¬
ized. For 21 mouths ending May 31, 1*81, gross earnings were $654,098; net, $193,340. In February, 1882, A, H. Crocker was appointed
Receiver. (V. 32, p. 312, 526,512,658, 685; V. 33, p. 124,328,587;
264.)
Chicago Portage d Superior.—This road is projected from Chicago to
Superior, about 407 miles, with a land grant in Wisconsin under chapter
126 of the laws of 1874. The total amount of the mortgage is $10,200,000. In January, 1882, a control of the stock was sold to Chicago St.
Paul A Minneapolis or Chicago Rock Island A Pacific parties.
See
references. Win. II. Schofield, President, New York. (V. 32, p. 636; V.
33, p. 467; V. 34, p, 114, 145, 203, 548.)
Chicago Rock Island d Pacific.—March 31, 1882, owned from Chicago
to Council Bluff's, 500 miles; Davenport. Iowa, to Atchison, Kan., 345;
Atchison Junction to Leavenworth, Kan., 215; Washington, Iowa, to
Knoxville, 77-5; South Englewood to South Chicago, 7*5; Wilton to
Muscatine, 12-5; Newton to Munroe, 17-5 ; Des Moines to Indianolaand
Winterset, 48 1; Menlo to Guthrie Centre, 14-6; Atlantic to Audubon,
25-5; Atlantic to Griswold. 14*6; Avoca to Harlan, 12; Avoca to Carson, 17-5 ; Mt. Zion to Keosauqua, 4’5.
Leased : Cameron, Mo., to Kan¬
sas City, 54; Bureau Junction to Peoria, 47 miles; Keokuk to Des
Moines, 162. Total operated, 1,381 miles. This company includes the
former Mississippi A Missouri Railroad of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluff's 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 Pacific was a consolidation June 4, 1880, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The fiscal year ends March 31, and the annual
report for 1881-2 was in V. 35, p. 20. As compared with the previ ms
year, the movement of passengers one mile increased 22 53 per cent.
The gross earnings from passenger transportation increased 14-13 per
cent. The average tonnage movement increased 6-13 per cent. The
Tate per ton per mile increased from 1-22 cents to 1 -28 cents.
The gross
earnings from freight transportation increased 11-47 per ceut. The
mileage, earnings, Ac., have been as follows for five years past:
1878-79.
1880-81.
1881-82.
1879-80.
Miles owned A oper..
1,231
1,311
1,353
l,3ol
$
Warnings—
$
$
$
Passenger
1,868,028
2,500.135
2,853,331
2,318,452
6,929,926
9,687,097
Freight
8,035,165
8,690,480
Y. 34. p.
611,879
708, *45
766,292
Total gross earn’gs.
9,409,833
11.061,662
11,956,907
13.266,643
Operating expenses.
5,079,870
5,796,541
6,630,156
7,322,862
earnings
$4,329,963
P.c. of op. ex. to earn.
53-99
$5,265,121
$5,326,751
$5,943,781
’40
55*20
55*45
490,OuO
650,000
5,854,028
6,606,989
Disbursements—
$
125,000
1,008,580
135,037
$
1,078,110
2,097,988
1,993.085
10
9
Rate per cent
Balance, surplus
The
deeds
....
2,727,387
2,937,186
7
7*4
125,327
2,215,000
6,555,106
51,893
6,284,224
3,126,665
3,311,135
2,202,121
2,303,986 def.430,196
report of the Land
or
327,593
950,000
2,285,000
imp. aee’t..
j Total disbursements.
$
$
322,137
949,700
Commissioner says that the sales by warranty
by warranty in 1881-2 amounted to 64,078
contracts to convey
d
The consideration, paid or secured, was $617,934, the average
price being a little more than $9 64 per acre. The bills receivable have
bills
ear
The amount
increased from $1,535,621 to $1,590,634 during the yes
acres.
received for interest has been $105,973. The land office has remitted dar¬
ing the year to the Treasurer of the company at New York the sum of
$650,000 from its net receipts. The unsold lands of the company now
comprise only about 61.795 acres; but it will receive some trifling addi¬
tions, and may lose a few pieces, under decisions of the courts. (V. 32,
p. 44, 265, 367, 437, 551, 577, 684 ; V. 33, p. 13, 357; Y. 34, p. 574,
663; V. 35, p. 20.)
Chicago St. Louis & New
New
Orleans— Dec. 31, 1881, owned from
Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction, Miss.,
to Kosciusko, Miss., 18 miles; leased, 5miles; total operated, 572miles549 miles steel rails. This company was formed Nov. 8,1877, by the
consolidation of the Newr Orleans Jackson A Great Northern and the
Central Mississippi. The N. O. J. A G. N. road had been sold in fore¬
closure March 17,1877, and the Mississippi Central was sold August 23,
1877. This company was controlled by the Illinois Central, which
holds
$6,670,000 of the stock, and on June 13, 1882, a lease for 400 years
from July^l, 1882, was made to. the Illinois Central, with a guarantee
of 4 per cent per annum on the stock and interest on the debt; also an
agreement to give Illinois Central 4 per cent perpetual annuities for
the stock if tendered within a reasonable time.
(V. 34, p. 637.)
The stock is $10,000,000.
Of the first mortgage bonds, $o41.000 are a prior lien on that portion of the road in Tennessee. The
Chicago St. Louis A New Orleans 2d mortgage bonds are incomes until
December, 1882: from then they begin to draw interest at 6 percent.
claimed to have been part
consol. 5 per cent mort¬
gage 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. In 1880 gross earnings were $3,716,902; in 1881 gross
were $4,059,151.
Net earnings not reported. (V. 32, p. 183, 205,288,
V. 33, p. 46, 73, 153; V. 34, p. 264, 715; V. 35, p. 401.)
Of the Mississippi Cen. bonds $600,000 are
and are disputed by the present company'. The
Chicago St. Paul Minn, d Omaha—The mileage Dec. 31, 1881, was
follows: Eastern Division—Elroy to St. Paul, 198;- River Falls
Branch, 12; Menominie*Branch, 3; Stillwater Branch, 4 miles; south
Stillwater Branch, 4 miles; Eau Claire Branch, 3 miles; Neilsvine
Branch, 14 miles. Northern Division—North Wisconsin Junction w
Cable, 120. St. Paul Division—St. Paul to St. James, 122; L^ke crys¬
tal to Elmore, 44.
Sioux City Division—St. James to Sioux City, 1*°’
Sioux Falls Branch, 98 ; Black Hills Branch. 44; Rock River Brancn.
as
28.
Nebraska Division—Covington to Omaha,
126; Niobrara
Branch,
Wayne, is
th
16; Missouri River transfer, 2 miles; Norfolk Branch to
miles. Total 1,003 miles.
This was a consolidation July,
the Chicago St. Paul A Minneapolis (formerly West Wisconsin),
statementm v.
Wisconsin, and the St. Paul A Sioux City. See
30, p. 675.
,,
,
thA
The Chic. St. Paul A Minneapolis 1 st mort.is a 2d on the lands, c
land inert, a 2d on road; but no foreclosure can be had except jv
fault on 1 st mort. The North Wisconsin was in progress from dm® *
North
Croix to
Bayfield, Wis., 165 miles
The St. Paul A Sioux
City waa
City ana .
Sioux City A St. Paul, forming a main line from St. Paul to bioux w270 miles.
The St. Paul Stillwater A Taylor’s Falls was con8"VgoV.
726,215 with this company; also the Worthington Sioux Falls A Iowa ana c
^Mail,express,r’nts,Ac
Net
350,000
998,823
5,615,121
Add. and
1,117,000
482,766
831.481
$
5,943,781
13,208
5,328,786
Rentals paid
Interest on debt
Dividends
1881-92.
37,277
4,329,963
Total income
366,000
due
$
5,326,751
22.883,150 j Miscellaneous
64,248,000 I
363,000
Sinking funds paid
Real estate, mortgages, Ac
Current bills, pav-rolls. Ac
1880-81.
$
5,265,121
$
Miscellaneous
Assets of si nk’g fund.
From land departin’t
1,760,608
1.117.000
865,819
1,242,033
1879-80.
1878-79.
Receipts—
Net earnings
2,291,340
Cash on hand
Trustees’ sinking
fund
1882
June 1, 1930
May 1, 1918
INCOME ACCOUNT.
1881-82.
•Chicago & Northwestern—road and equip. $74,120,342
Other eompauie»—road, equipment, Ac
Real estate in Chicago
Des Moines A Minn. Railroad account
Bonds owned
Bills and accounts receivable
Oct.’ 20*
New York, Office
Q.-J.
N. Y.. 52 Broadway.
J. A I>.
M. A N. N. Y., Corn Exch. Bank.
,
1880-81.
Assets.
Total
Dividend/
9ct-
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Band income
Accrued interest, not yet
Miscellaneous
Balance income account
Stocks-Last
Whom.
J. New York Co.’s Office. July 1.
1906
do
do
D.
June
do
do
D.
Dec. 1. 1902
do
do
J.
Jau. 1, 1887
do
N.
do
Nov. 1, 1907
do
do
D.
Dec. 1» 1916
do
A O.
do
Oct. I. 1900
do
do
A S.
June
do
do
M. A S.
Sept. 1, 1908
do
do
M. A N.
Nov. 1. 1905
do
do
do
do
M. A S.
Sept. 1, 1905
do
do
A. A 0.
1. 1929
do
do
J. A J.
July 1, 1899
do
F. A A.
do
Feb. l, 1907
do
do
J. A J.
July 1, 1901
do
M. A 8.
do
Sept. 1, 1907
do
do
F. A A. N. Y., Farm. L. AT.Co
Auk.
1901
New York.
Jau. l, 1921
J. A J.
Co.’s Office. Nov. 1, 1882
Q.-F. New York,
do
do
J. A J.
July 1, 1917
do
do
M. A N.
Nov., 1899
J. A J. N. Y., 214 Broadway.
July 1, 1886
do
do
Oct. 1, 1890
A. A O.
do
do
M. A N.
1884 or before
do
do
1886 or before
F. A A.
do
do
Nov. 1, 1897
M. A N.
do
do
Dec. 1, 1907
J. A D.
do
do
June 15,1951
J. A D.
J.
J.
J.
J.
M.
J.
A.
M.
.
Bonds purchased
Dividends declared, not yet
pal,When Due
Payable, and by
,
iChicago d Northwestern—(Continued'—
Stock, preferred (less
.Stocks of proprietary
Where
consolidation in August, 1879,
of the St. Paul A Sioux
*ngton A Black Hills.
Preferred stock has a prior right to
cent from net earnings; but common
paid on preferred.
Report for 1881 in Chronicle,
follows:
anfToer
non-cumulative dividena ow
is never to receive more
-
Y. 34, p. 486. Earnings,
-
Ac., wer
as
RAILROAD
1882.]
October,
Subscribers
of column
on
AND
BONDS.
XXV
will confer a great favor by giving Immediate notice of any error discovered In
description.
-—Tuition
For expla,
STOCKS
rtrgt page
headings, Ac., see notes
of tables.
Miles
of
Date
of
Road. Bonds
INTEREST
Size,
or
Amount
par
Value.
Outstanding
Rate per
When
Cent.
these Tables.
Bonds—Princl-
OR DIVIDENDS.
Where
pal.When Due.
Stocks— Last
Payable and by
Pay’bie
Dividend.
Whom.
'
'Z~7^Tvmd Uin'polis d Omaha—(Continued)—
CvC',+h
S-
P
Wisconsin, 1st
mortgage
&sK City, molt., Koltt,for $7,000,000....
Taylors’ Falls, 1st mart
lstinort.
nfXnd West. Indiana— 1st mortgage
^Kralmmtsaao. fold (for $10,000,000)
aKimaod West Michigan-Stock, new
^mortgage, New Buff, to St. Jo
Or Rap. Newaygo & Lake Sh., 1st mort. coup....
W1,
do
2d M. on 3o m. A 1st on 11 m., coup
General mortgage ($12,000 per mile).
Paul St lwater &
Hudson & Kivor Falls,
m
Portsmouth.-1st mort
Georgetown d
Gin
Dayton-Stock
Cincinnati Hamilton d
preferred stock
-
...
mort. (now 1 st)
Pnnsol mort. ($906,000 are 7s),
Pin Ham. & L (Junction) RR., 1st
9n
— v1
sink, fund 1 p. c
mort., guar....
St. Louis d Chicago—Stock..
Ind. & Cin. of 1858, 1st mort
Indianapolis Cin. A Laf. mortgage
Cin. & Ind., 1st mortgage.
do
2d M., guar., and funded coupons
1st mort•, Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cincinnati d Muskingum Valley—1st mortgage....
Cincinnati Hew Orleans d Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin Richmond d Chic— 1st mort., guar. C. H.&D..
2d mortgage, guar, and owned by C. H. & I)
Oin. Richmond d Ft. W.—1st mort., gold, guar
Cincinnati Sandusky d Cleveland—Stock
Cincinnati Indiana}).
Preferred stock
Mortgage
bonds, Sandusky, Dayton & Cincinnati
Sandusky City & Ind
Cine.. Sandusky A Cleve
Mortgage bonds,
2dmortg.
120
605
23
12
23
....
367
....
35
46
....
35
60
60
60
98
342
90
151
20
20
194
56
148
1880
1879
1878
1878
1879
1882
....
1871
1881
1881
....
1865
1875
1873
m
m
1,000
1,000
1,000
500 Ac.
1,000
1,000
A
A
A
A
A
A
8
M. A
8
576,000
30.500
J.
J.
J.
A.
A
A
J. N.Y., R. P. Flower A Co.
do
do
O.
do
do
J.
do
do
J.
N. N. Y., Drexel, M. A Co.
New York Agency.
N.
Boston.
S. Bost.. Treasurer’s office.
N. Y. Union Trust Co.
J.
do
do
D.
D.
O. Cincin’ti,German N. Bk.
0. N. Y., Winslow, L. A Co.
*
m
1858
1867
1862
1867
1880
1871
1870
3,500,000
7
5
6
2
1.000
1,000
1,000,000
494,000
2,450,000
6 A 7
1,000
1,800,000
7
100
500 Ac.
8,000,000
1^
1,000
1,600,000
2,790,000
7
7
A. A O. N. Y., Amer. Ex. Bank.
do
do
F. A A.
1,000
1,000
499,000
1,330,000
7
A D.
1,000
1,188,000
1,000
1,000
1,120,000
1,500.000
6
7 g.
J.
J.
M.
M.
J.
1880
1866
1869
1871
A.
J.
J.
J.
A
A
A
A
M.
F.
M.
J.
do
do
A N.
do
do
A A.
do
do
A 8.
A D. Boston, Second Nat.Bk.
2,001,000
140,000
1866
1852
1867
7
7
1 ^
6 g.
7
1,000.000
1,000
1,000
1,000
560,000
65,000
1.800,000
429,037
715,000
....
7
7
350,000
.
1.072,300
....
2
EARNINGS AND EXPENSES.
7
7 g.
10s.
3
6
4,005,750
50
50
'
7
3,000,000
1,000
A
A
A
J. A J.
A. A O.
J. A J.
Q.-J.
do
do
do
-
Jan. 1, 1930
April 1, 1919
Jan. 1, 1908
July 1, 1908
Nov. i, 1909
Nov. 1, 1931
Feb. 15, 1882
Sept. 1889
July 1, 1891
June 1,1905
1921
April 1. 1901
Oct., 1880
July 20, 1885
Oct., 1905
do
do
do
do
do
do
New York.
Jan., 1903
Oct. 15, 1882
do
do
A J
do
A N.
A S. N. Y., Am. Excli. N. Bk.
A J. New York, Moran Bros.
April, 1888
Feb., 1897
Dec., 1892
Jan., 1887 J92
May 1, 1920
Mch., 1901
Jan., 1901
Jan., 1882
Oct. 1, 1920
.
O. N. Y., Geo. W. Ballou.
J. N. Y., Winslow, L. A Co.
do
do
J.
D. N.Y., Winslow, L. A Co.
July, 1895
1, 1889
June, 1921
Jan.
1872
Boston, Office.
miles; Harrison branch (partly owned), 7 miles;
May 1, 1882
Aug. 1, 1900
Sept. 1, 1897
Dec.
1.
1890
Fairland F. & M.
(leased), 75 miles;
Vernon Green. & Rush., 44 miles (leased); Kankakee A Seneca (oneliaif owned), 42 miles; total operated, 382 miles.
Formerly the
Indianapolis Cincinnati A Lafayette, which was a consolidation in
1876 of the Indianapolis & Cincinnati and the Lafayette & Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On August 1, 1876, a receiver was appointed
Road, 38 miles; and Cincinnati Lafayette & Chicago
Earnings-
Freight
4,000,000
3,300,000
6,796,800
480,000
....
.
50
36
36
90
190
190
7
8
6
6 g.
2 hi
125.000
J.
A.
J.
J.
M.
M.
100
1875
•
6 g.
334,800
....
....
....
1869
6
$800,000
6,08w,000
$1,000
1,000
Total gross earnings
Operating expenses
$4,021,961
Net earnings
Per cent of operating expenses
$1,245,499 and the road was sold in foreclosure Feb. 2, 1880, and this company
69-03 organized. Of the $7,500,000 new bonds $6,885,000 was reserved, into
which all of the old bonds prior to the Indianapolis Cin. & Laf. 7s of
1869 could be exchanged at par.
In July, 1881, $2,000,000 new stock
was
$1,245,499 debt sold to stockholders at 70, and proceeds used to extinguish floating
($1,060,000); also, $300,000 contributed towards a new line to
504,144 Seneca
and balance used for other purposes. In June, 1882, another
78.585
issue of $1,000,000 new stock was voted. Annual report of V. 35, p. 346.
$1,828,228
2,776,462
to earnings
INCOME ACCOUNT.
Yi tft
NeUarmngs
Net from
land grants
Other receipts
Total inoome
Disbursements—
Rentals paid
Interest on debt
Dividends on pref.
income account.
$53,059
893,536
stock
(7) 672.737
Total disbursements
$1,619,332
203,896
206,500, 552,569,577; V. 33, p. 99, 225, 357, 441,
V. 34, p. 315, 344, 486, 548, 549, 663 ; V. 35, p. 213, 265,
Balance surplus
-(V. 32, p. 155,
526, 580;
297, 372.)
Chicago d West. Indiana—Owns from Dolton, III., to Chicago, with
Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Grand Trunk of Canada, the Chi¬
cago A Eastern Illinois, the Chic. A Atlantic and Louisville New Albany
& Chicago roads. Stock was $500,000, but in February, 1882, a consoli¬
dation 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. 34, p. 176. 291; V. 35, p. 456.)
Chicagod West Michigan.—Dec. 31, 1881, owned from New Buffalo
Michigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
to Allegan, 23 miles; Holland to White Cloud, 70 miles; Fruitport to
Muskegon, 10 miles; Kirk’s June, to Pickand’s Juuc., 3 miles; Mus¬
kegon to Blufftou, 4 miles; Woodville to Muskegon Run, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; total
owned, 354 miles; leased—White River June, to Crooked Lake, 13 miles;
total operated, 367 miles.
Organized as successors of Chicago &
Michigan Lake Shore Jan. 1, 1879, the C. & M. L. S. having been sold in
foreclosure Nov. 16, 1878. Consolidated in Sept., 1881, with the Grand
Haven road, 57 miles, Muskegon to Allegan, and the Grand Rap. Neway
go & Lake Shore, 46 miles, from Grand Rapids to White Cloud. Earnmgs in 1881, $$1,325,052. and expenses, $$1,054,980; net $270,072 ;
interest paid, $117,756; dividend, $153,405.
(V. 32. p. 100, 121, 442,
685; V. 33, p. 99, 124, 384, 62; V. 34, p. 86, 522, 547.)
Cincinnati Georgetown d Portsmouth.—Owns from Columbia, O., to
Hamersviile, O., 35 miles. Narrow gauge and bonded at $6,000 per
branches, 48 miles.
Receipts—
Gross earnings
Net earnings
1880-81.
$
2,365,058
961,490
1881-82.
$
2,525,991
1,000,609
ft
ip
Disbursements—
Rentals paid
Interest on bonds
Dividends.
Rate of dividends.
6,894
565,909
180,000
4^2 p. c.
Total disbursements
752,803
6,732
591,326
360,000
6 p. C.
958,058
42.551
208,687
Balance, surplus
—(V. 32, p. 134, 552; V. 33, p. 153, 468, 501, 502, 588; V. 34. p. 231,
378, 603, 687, 714, 346.)
Cincinnati d Muskingum Valley.—Dec. 31, 1881, owned from Morrow,
0.,to Dresden Junction, O., 148 miles. Chartered as Cinu. Wilm. AZanes.
in 1851 ami opened in 1857. Sold under foreclosure Oct. 17, 1863, and
reorganized as Cincinnati & Zanesville March 11, 1864.
Sold again
Dec. 10, 1869, and reorganized as at present. Leased for 99 years from
Jan. 1, 1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬
Gross earnings In
$105,000; deficit
$84,725. Capital stock, $3,997,320. (V. 32, p. 498.>
est, any excess of earnings to inure to the lessors.
1881, $395,321; net earnings, $20,275; interest paid,
advanced by
lessee,
Cincinnati New Orleans d Texas Pacific—This is the company organ¬
ized to operate the Cincinnati Southern under the Erlanger
and 51 per cent of the stock is held by the English company,
N. O. & Texas Pacific Junction Co., Limited.
The rental due the Cin.
Southern is $812,000 per year till 1886, then $912,000 till 1891,
Syndicate,
the Ala.
$1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906.
Gross earnings for 1881, $2,344,638; net, $242,259.
For first six
months of 1882 gross earnings were $1,184,183 ; net, $363,740.
Theo.
Cook, President. (V. 33. p. 328, 468; V. 34, p. 79, 479, 521.)
Cincinnati Northern— Dayton. O., to Cincinnati, 60 miles. Connect¬
ing line of the Toledo Delphos & Burlington. Stock, $1,000,000. (V. 32,
1881-82, $30,651; surplus over interest, $5,882.
p. 6.)
Cincinnati Richmond d Chicago.—March 31, 1881, owned from
Cincinnati Hamilton d Dayton.— March 31, 1881, owned from Cin¬
cinnati, O., to Dayton, O., 60 miles; leased—Dayton A Michigan, Day- Hamilton, O., to Indiana State. Line, 36 miles; leased, Richmond,
ton to Toledo. 141 miles; Cincinnati Hamilton & Ind., Hamilton to
Ind., to Ohio State Line, 6 miles; total operated, 42 miles.
Char¬
hiaianapolis, 123 miles; Cincinnati Richmond A Chicago, Hamilton, O., tered as Eaton A .Hamilton in 1847 and opened in 1863. Reorganized
to Indiana State line
(and leased road), 42 miles; total operated, 366 May 3, 1866, and leased in perpetuity from February, 1869, to C. H. &
miles; each lease reported separately. Chartered in 1846, and road D. Co., the lessors to receive all surplus after expenses and bond interest.
in 1848.
Defaulted on guaranteed C. H. & Ind. interest in Gross earnings in 1880-31, $224,649; net, $35,989; interest liability,
Settlement by arbitration made as per Chronicle, V. 30, p. 116, $43,120; deficit, $7,131.’ Capital stock, $382,600; funded debt, $625,in May,
1881, it was agreed with Clew Col. Cin. A Ind. company to 000; total (cost of property), $1,007,600.
consolidate, but consolidation was not effected. In April, 1882, Mr.
Cincinnati Richmond d Fort Wayne.—Dec. 31,1881, owned from Rich
Jewett, of the Erie, together with the N. Y. Chicago A St. Louis Co., mond, Ind., to Adams, Tnd., 86 miles; leased, 8 miles of Pittsburg
obtained control of the stock.
In August, 1882, the issue of $1,000,000 Fort Wayne & Chic.; total operated, 91 miles.
Chartered in 1853 and
preferred stock was voted. Annual report for 1880-81 in V. 32. p. 657.
opened in 1866. Leased for 99 years to Grand Rapids & Indiana; in¬
Earnings for four years were as follows, including all the roads operated: terest is guaranteed by the lessees and by the Pennsylvania Company
1881-82.
1880-81.
1879-80.
and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
Gross earnings.
$2,882,300 $2,961,446 in 1881, $407,302; net, $132,017. Loss to guarantors, $29,318. Capital
$2,578,816
Operating expe
$1,610,167 $1,895,300 $2,031,664 stock, $1,709,192. Total advances by guarantors, $680,062. (V. 32, p.
Taxes, Ac
83,002 499.)
80,022
82,599
539,516
579,315'
452,649
Cincinnati Sandusky d Cleveland.—June 30, 1881, owned from San¬
13 LI 64
UU'UIIS
132,902
131,92 L
dusky, O., to Dayton, O., 154 miles; branch, Carey to Findlay, 16 miles;
Sundries, profit and loss^.
3,318 leased, Columbus Springfield A Cincinnati. 44 miles; total operated, 214
3,710
Other items
10,086 miles, less the division between Springfield A Dayton, 24 miles, which is
143500
leased to and operated by the Cleveland Columbus Cincinnati & Indian¬
$2,277,337 $2,705,751 $2,799,750 apolis. Six coupons on 2d mort. bonds were funded from June, 1877.
The preferred stock has a lien by' deposit of old bonds in trust. The
$161,696 Receiver, after a three years’ possession of the property, was dis¬
$176,554
$301,478
C rrwtf*surplus
o- H. & I.
interest unpaid
126,000
charged January 1880. In April, 1881, a lease was made to the Indiana
Bloomington & Western. By the terms of the lease iliis company takes
$176,554
$161,696 33U per cent of its gross earnings as rental; but the amount in any one
P- 52r>’ 552. 657 ; V. 33, p. 100, 281. 468. 502, 623 ; V. 34, p.
year shall not be less than $220,000 nor more than $500,000, and
there are also about $328,000 of coupons and coupon certificates out¬
n
P- iffi05'291'316* 460,475,488, 521,549, 603, 6x5,687; Y. 35,
U)2. 211, ‘235,
297.)
standing. Gross earnings prior to 1881 were as follows: l“7o-77,
frIndianapolis St. Louis d Chicago.—June 30. 1882, owned $655,421; 1877-78, $647,202; 1878-79. $655,300; 1879-80, $73o,576.
m Cincinnati
For 1880-81 the income account was as follows:
to Lafayette., Ind., 174 miles; Lawrenceburg branch.
“jjc: bonds offered in 1881 in Boston. Stock, $240,000. Earnings in
-
•
.’X.
uiv
...
Subscribers will cottier a great favor
on
by giving immediate notice of any error discovered In these Tables.
Miles
Date
of
of
Road. Bonds
of column headings, Ac., see notes
first page of tables.
80
48
Cincinnati d Springfield—1st mortgage, guar
2d mortgage
8!“-or
Amount
jOntstonding
Value.
$1,000
1,920,598
7881
9
Cleveland Youngstown d Pittsburg—1st mort., gold
Oolebrookdale—1 st mortgage
Colorado Central—1st mortgage, new
Columbia & Greenville— New mort.,g’ld,coup, or reg
Deposit— 1st mortgage
Columbus Chicago d Indiana Centra’—Stock
1st M. (consol.) Columbus, Chic. & Ind. Central..
do
Chic. A G’t East. (Chic, to Logansport). ..
Col. A Ind’polis Cent. (Col. to Ind’s, Ind.)..
Union & Logansp’t (U’n City to Logansn’t)
Tol. Logansp’t A Burl.(Logansp. to Ill. line)
do
da
Gross earnings
months
of road, 10
$649,114
Rental C.C.C.AL, 10 mos
81,097
Rental I. B. & W., 2 mos..
36,666
Sale of supplies, Sloane
.
98,604
property, Ac
1860
1864
1869
1874
18
323
164
164
40
580
588
117
208
93
61
(0
4,000,000
800,000
14,991,800
75,000
380,000
3,000,000
2,953,000
100
100 Ac.
100
500
1880
.
473
138
202
390
390
127
6 7*
67
35
99
226
199
199
1st mortgage, extended
3d mortg. (how 2d)
Niles & New Lisbon, 1st mortgage
Cleveland & Marietta.—Stock
.■
Cleveland d Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscar's Val. d Wheeling—1st M., (L.S.A T.V.)
1st mortgage, new, prior lien
2d mortgage, new
E. & B., 1st mortgage
do
1,000
1,000
1,000
50
500 Ac.
500 Ac.
500 Ac.
1873
1876
1870
2,759,200
740,500
654,500
500,000
1,547,000
11,244,330
1,096,000
50
500
1862
1867
1873
1871
1878
1877
1872
1881
1868
1879
1881
1881
1868
1,000
1,000
4,701,000
2,000,000
1,600,000
1,882,000
13,938,972
10,478.000
224,000
1,000
2,632,000
1864
1865
715,000
510,500
....
Expenses of operating..... $470,486
Int. on bonds, scrip, Ac... 181,906
Sinking fund trustees
10,181
Dividends on pref. stock.
25,731
Rental C. 8. & C., 10 mos.
$865,482
66,666
133
$755,105
Bal., dec. of floating debt.$110,376
—(V. 32, p. 15, 334, 420; Y. 34, p. 264.)
Cincinnati d Springfield.—Dec. 31,1881, operated froir. Dayton, 0.»
to Cincinnati, O., 80 miles, of which 24 miles were leased from Cincin¬
nati San. A Clev. RR. The whole is leased and operated by Clev. Col. Cin& Ind. Co., giving them a line into Cincinnati, and depot accorumoda.
tion. Lessees apply any excess over rentals to C. & S. stock. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 1882,
the C. C. C. A I. advanced $1,721,702.
Cincinnati Wabash d Michigan.—Dee. 31, 1881, owned from Goshen,
Ind., to Anderson, Ind., Ill miles. Road, as now existing, opened in
Nov., 1876. Transferred to trustees Jan. 1, 1878, and sold Nov. 5, 1879,
to said trustees, for account of bondholders. New company organized
April, 1880, under name of Cincinnati Wabash A Michigan Railway.
Total stock authorized, $3,000,000.
In August, 1882, consolidated
with the Elkhart Niles & Lake Michigan road, to be 165 miles in all.
Earnings for 1881, $240,639; net, $63,886. (V. 32, p. 525; V. 34, p.
575; V. 35, p. 182, 291, 404.)
Clarion Mahoning d Pittsburg—Road, projected from Warren, Pa,, to
Pittsburg, 150 miles. Total issue of bonds, $4,500,000; offered in Feb.,
1882.- See V. 34, p. 79 and advertisement. S. S. Jackson, President,
Brookville, Pa.
Cleveland Akron d Columbus.— Dec. 31, 1881, owned from Hudson, O.,
to Columbus, O., 144 miles; leased, Massillon to Clinton, 12 miles; total
operated, 156 miles. Operated by Pennsylvania Company. Default
was made July, 1874, by Clev. Mt. V. & Del.
Foreclosure suit begun
June, 1880, and Mr. G. A. Jones, of Mt. Vernon. O., appointed Receiver
in Sept.. 1880. Sold in foreclosure August 20, 1881, to H. W. Smithers,
for $1,142,000, and new company under above name took possession
Dec. 1, 1881. Road has no bonded debt. In March, 1882, the decree of
foreclosure under which sale had been made was reversed, and road was
sold again June 7 for $1,150,000.
(V. 33, p. 124, 225, 468, 588, 715; V.
34, p. 408, 488, 574, 663.)
Cleveland' Canton Coshocton d Straitsville.—This road is owned in the
interest of the Connottou Valley. In May, 1881, an increase of stock
from $800,000 to $2,000,000 was voted. (V. 33, p. 468.)
-
Cleveland Columbus Cincinnati d
Indianapolis.—Dec. 31, 1881,
owned from Cleveland, O., to Columbus, O., 138 miles; Galion,0.,to
Indianapolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati A Springfield RR., 80 miles; Levering Station to
Mount Gilead, 2 miles; total operated, 473 miles. This was a consolida¬
tion in April, 1868, embracing the C. C. & C. and the Bellefontaine rail¬
roads. The company paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
until February, 18b0. In August, 1880, dividend passed. A dividend
of 5 per cent February, 1881, was made.
In Sept., 1881, consolidation
with Cincinnati Hamilton A Dayton voted on, but not effected. See V.
33. p. 100. The sinking fund provision of consolidated bonds may be
canceled at option of holders. Annual report for 1881 in V. 34, p. 458.
showed the following;
1878.
Total gross earn’gs..
$
3,426,017
Taxes
Dividends
Miscellaneous
3,675,055
1,441,692
420,087
425,180
117,014
374,770
47,864
440,492
475,218
112,688
16,437
268
964,828
1,324.657
262,637
853,518
626,536
Balance, surplus
221,363
The prices of stock have been :
Jan....
Feb....
March.
April..
May
.
June
.
..
1882
84
82
80
77*o •
76
76
-
97%
-
75%
92%
74
68
68^8
65%
118,188
1882.
-
x88
8L
July...
Aug..
90% 90% 101% 100%-
85
85
87
93
Sept...
.
Oct....
Nov..
Dec..
.
.
92%
89
85
-
72%
-
78
-
80%
588,174
1881.
96% - 89%
94% - 81
99 % - 84%
98% - 8n%
96
-
93%
-
90%
82%
—(\.32, p, 69, 265,418, 526,552; V. 33, p, 73, 100, 281,468,502,
623; V. 34, p. 115, 176, 205, 264. 291, 315, 378, 435, 448, 448, 521; V.
35, p. 235, 297, 320.)
July 1, 1910
r*eb. 1, 1881
June,’8 2 to ’84
Until 1899
May, 1899
June 1,1914
•
N. Y., Farm. L. A T. Co.
do
do
J.
do
do
N.
do
do
,T.
O.
Cleveland, Ohio.
O.
J.
N.
J. N. Y., Central Trust Co.
1>.
Piiila.. Co.’s Olfice.
J. Boston, Treas.’s Olfice.
J.
Columbia,S. C.
do
do
O.
A.
Piiila., Penn. RR.
Q.-M.
J.
M.
J.
A.
A.
J.
M.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A. A
F. A
--
■
.
•
7
7
7
7
7
(?)
*
Aug. 1, 1893
Sept. 15,1896
Jan., 1890
Sept. 1, 1882
Jan., 1892
Nov.
Jan.
Oct.
Oct.
1,
1,
1,
1,
April 1,
May 1,
July 1,
1900
1913
1901
1898
1907
1892
1921
June 1, 1898
July, 1909
Jan.
1, 1916
April 1, 1926
Feb. 1, 1893
....
•
A. A O.
Various N. Y.t St.
do
J. A J.
do
A. A O.
do
F. A A.
Nicii.
April, 1908
Nat. Bk.
1893 &’95
do
do
do
Nov., 1904
Dec., 1905
Feb., 1884
Cleveland d Mahoning Valley. -Dec. 31, 1881, owned from Cleveland,
O., to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles. Chartered in 1848 and opened in
1851. It was leased to Atlantic & Great Western in perpetuity from
October 1,1861. A new lease was made to the reorganized company,
New York
p.
Pennsylvania & Ohio, till Oct. 1, 1962, at $357,180 per
(V. 32,
January, 1886, and $412,000 per year afterward.
till
333.)
Cleveland d Marietta—June 30, 1881, operated from Marietta, 0., to
Canal Dover and branch, 99 miles.
This company was organized as
successor of the Marietta Cleve. A Pitts., which was foreclosed June 13,
1877. Earnings for!1881-82, $208,585 ; net, $79,356.
(V. 34, p. 52.)
Cleveland d Pittsb — Dec.31,1881, owned from Cleveland, 0.,to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 31
miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft, W. A C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trans:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities.
The terms of the lease were 10 per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for five years past were as follows:
Gross
Freight (ton)
Net
Gross '
Div.
Passenger
Earnings. Earnings, p.c.
Years.
Miles.
Mileage.
Mileage,
133,991,706 $2,330,834 $1,039,172 “
226
15,040,607
966,112
2,272,167
143,114,623
1,151,780
2,418,516
164,675,804
1,275,488
2,699,290
172,535,850
18,083,711
1,507,131
211,190,606
3,112,021
1881
22,265,486
1881, owned from Black
Cleveland Tuscarawas Val. d Wheel.—Jan
River, O., to West Wheeling, O., 158 miles. Chartered as Lake Shore &
Tus. Val. in 1870 and opened in 1873.
Sold under foreclosure Jau. 26,
1875, and reorganized under present title. In February, 1882, Oscar
226
226
226
226
Townsend
was
14.853.524
16.624.524
appointed Receiver in a suit of the Union Trust Co.
of
earnings in 1880, $596,399; net, $214,303. In 1881,
gross, $919,485; net, $349,863. Capital stock, $1,210,500.
(V. (34, p.
231, 343.)
Cleveland Youngstown d Pittsburg.—Narrow gauge road in progress
from Alliance, O., to Brimfleld, about 100 miles, including branches,
and crossing several narrow gauge roads. In Dec., 1881, over 25 miles
.were completed. Henry W. Ford, President, 5 Cortlaudt St., New York.
(V. 35, p. 456.)
Golebrookedale.—Nov. 30. 1881, owned from Pottstown, Pa., to Barto,
Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for 20.years
from Jan. 1,1870, toPhila, & Read , at 30 p. c. of gross earnings. In June,
1880, default was made on bonds. Gross earnings in 1880-81, $59,977;
net earnings (30 per cent rental), $17,693. Payments—interest, $36,000,
and other, $479. Capital stock, $297,215; funded debt, $600,000, and
floating debt, $40,610; total liabilities, $937,825. Construction ($51,446
N. Y.
per
Gross
mile), $668,797, and profit and loss, $327,649.
Columbia d Greenville (S. C.)—This is the reorganization of the Green¬
ville & Columbia road. The Company owns from Columbia to Greenville,
S. C., 143 miles; branches to Abbeville and Anderson, 21 miles; total, 164
miles. Also owns Laurens RR., 31 miles; and leases Blue Ridge RK.,
32 miles,
296 miles.
and Spartanburg Union A Col. RR., 68 miles. Total operated,
In 1878 a Receiver took possession and the road was sold in
foreclosure April 15, 1880, and reorganization was made, with bonds
as above; and preferred stock, $1,000,000 ; common stock, $1,000JKI0;
all in $100 shares. The gross earnings from October 23, 1*80, to Octo¬
ber 1, 1881, were $645,920; net, $263,194.
Six per cent paid on prel.
stock. Dec., 1881. (V. 33, p. 201, 468, 687; V. 35, p. 404, 449.)
to Denver,
Une
sta¬
owned,
miles, ana
ami operated, 281 miles; Golden to Georgetown (n. g.) 36
Forks of Creek to Central, 11 miles; total narrow-gauge,47 miles;
total
operated, 328 miles. Chartered in 1865, and mam 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
are yet out.
Stock, $6,232,300. Gross earnings in 1881, $1,313,9-4*’
and
net,"$603,940.
749,540
121,582
1881.
78
7
New York.
A J.
A A. -N. Y.,U. S. Trust Co.
do
do
A D.
do
do
A J.
do
do
A N.
A D. New York or London.
A N.
Cleveland, Office.
N. Y., Ward, C. A Co.
A A.
A S.
A J. N. Y., Union Trust Co.
owned
1,587,294
Total disbursem’ts.
i 912 *
4,290,350
1881.
$
$
1,086,410
66,429
1902
New York.
4,338,108
1880.
847,899
140,020
April 1, i9oi
.»
„
Colorado Central.- Dec. 31, 1881, owned from Wyoming boundary
121 miles; and operated 9 mile* in Wyoming to Hazard
tion, and Julesburg to La Salle, 151 miles; total standard ^auge
1879.
$
INCOME ACCOUNT.
Total net income
Disbu rse men ts—
Interest on debt
■
p. m.
100
Settlement of claims
1%
6
7
7
7
7
7
7
6 g.
6
7 g.
6 g.
6
600,000
1,000
Dividend.
....
....
180.000
1,000
1,000
1,000
....
J.
F.
J.
J.
M.
7 or 6 g. J.
M.
3%
7 g.
F.
M.
7
7
J.
700,000
lOOcVC.
^
....
7 g5
7
7
7
1,372,000
10,000
Stocks—Last *
....
2,000,000
1,000
1868
6 g.
pal,When Due
N. Y., U. S. Trust Co.
do
do
....
2,561,000
1,593,000
1,000
year
Total
Bonds-Prinol-
Where Payable, and by
Whom.
Payable
When
A. A O.
J. A J.
7
7
651,000
i,o*do
1882
i.56
Rate per
Cent.
$2,000,000
1,000
1871
1872
111
Cincinnati Wabash d Michigan—Stock (S3,000,000)
Clarion Mahoning d Pittsb.—1st. g., $30,000 p. mile
Cleveland Akron d Oolumbus—Stock
Cleveland Canton Cosh. & S.—1st mort., gold
Cleveland Columbus Cincinnati d Ind.—Stock
1st mortgage (C. C. A 0. RR.) $25,000 a year
do
Bed. A Ind
do
C. C., C. A I. sinking fund
Cons. M. for $7,500,000 (sink, fund 1 p. c.)
Cleveland d Mahoning Valley—Stock
2d mortgage
Columbia d Port
[VOL. XXXV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
BONDS.
AND
RAILROAD STOCKS
XXVI
.
1881, owned from Columbia, Pa., w
to and operated by Pcnnsynau
earnings in 1880, paid to lesso ,
$20,675; in 1881, $39,777.
Capital stock, $497,100; funded dm,
$1,882,000, and floating debt, $521,780; total liabilities, $2,900,»^Cost of property, $1,733,393.
Columbia d Port Deposit.—Dec. 31,
Port Deposit, Md., 40 miles. Leased
RR. Co. Rental, net earnings.
Net
y-,
,
7
^
si
i
„
O-I
-loot
fvnm
rVUlimbUS, O.f
lUIiUUl JC Lu.
v
nT14
sompany
ic.
the Col. & Ind. Cen. and Chic, A Gt. East railroad companies, dnd
3t.
leased to the Pitts. Cin. & St Louis Railway Co. Feb. 1, 1869,
of the u. s.
eompauy it lias been operated,
Court, tor account of receivers of the Col. Chic. & Ind. C.
.
by w_
under direction
rrrOfl
.
-
CWttit
Railway
KAILROAD
1882.J
OCTOBEK,
Subscribers
exp
0n
column headings,
first page of tables.
Columbus, Chicago
do
Date
Size, or
of
of
Par
Road. Bonds Value.
&c., see notes
8071
& Ind. Central
Col. Chic. & Ind. Central
(Toledo, Logansport & Burlington)
/SuSwiUoasinq
•
A Toledo,
do
let
fund bonds
1st mortgage coupon, s. f....
2d mortgage coupon, s. f
•
•
....
•
....
Too
1881
1867
1872
1875
1880
1879
1871
1881
div. as Conn. A Pass.
Conn. & Pass
Newport A Riehford bonds, guar, by C. & P
Connecticut Hirer—Stock
Connecting (Phila.)—1st mortgage
Connotton Valley- Consolidated gold mortgage ....
Connottou Valley A Straitsville. 1st mortgage
MRsnawiDPi st’k, guar, same
do
bonds, guar, by
....
1875
1873
...
1.000
1,000
1,000
136
64
38
38
1,000
1,000
100
....
....
180-2
Rate per
Cent.
xxvn
1,000
1,000
1,000
....
1,000
1.000
stipulated that the lessees should maintain the road and
Bonds—Princi¬
23,200
120,000
8,995,000
187-920.
57,545
1,500.000
10,317,000
....
2,474,000
422,000
1,584,000
1,000,000
677,0 0
1,786,200
302,000
1,500,000
500,000
3^2
350,000
Where
Whom.
Payable
400,000
350,000
2,100,000
991,000
2,600,000
2,720,000
300,000
803,500
459,000
Passenger
Mileage.
Freight (ton)
Mileage.
30,295,384
gage bondholders in 1857, and leased to Concord RR.
rental is $25,000 a-year, which gives 7 per cent a year to
holders. There is no debt.
stock; the latter to be entitled to dividends, if earned, at the rate of 6
percent, per annum, aud to be cumulative. That the new corporation
shall issue its first mortgage bonds for $22,000,000, payable at the end
of fifty years, in gold coin, with interest at the rate of five per cent, per
annum, Ac. Common stock of the old company is assessed $5 per share
cash, and one share of new stock is then given for two of old. Opera¬
tions and earnings for live years past were :
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings.
581
31,795,297
254,492,612
$3,396,255
$455,340
33,967,484
41,432,53 1
402,856,462
3,911,261
4,795,771
756,300
1^77
581
580
581
581
32,132,185
305,019,182
441,353,949
542,045,108
411,514
3,433,665
726,260
641,053
43,407,476
4,953,722
32, p. 122. 155. 231. 444, 498. 636; V. 33, p. 46, 124, 357, 641,
715; Y. 34, p. 176, 204, 604, 636; V. 35, p. 189, 347, 431.)
Columbus nocking Valley d; Toledo.—July 1, 1881, road from Walbndge. O., to Athens, O., 194 miles; branches to Nelsonville, Carbon,
45 »\ile8; Logan to Gallipolis and Pomeroy, 83 miles; total 322
•i’
k'8 was a consolidation in July, 1881, of the Columbus & Hock% Valley, Columbus & Toledo, and Ohio A West Virginia. The stocks
<t9nn/ve C0luPanies were purchased aud new consolidated stock for
,,
*41000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior liens. The Central
^ew York is trustee. In 1881 the gross earnings were
aoeVrtX,0*
f'pWoO;35, $1,190,582,
net,
P-408; V.
102, 131, 213.)
(V< 33, p. 46, 100, 225, 254, 303; V. 34,
Feb., 1890
13,118,217
Div
Net
Gross
bonds for the same amount of second mortgage bonds of the Col. Chic. &
Ind. Cent. Co., together with $572,390 accrued interest; that on the 1st
of Jan., 1880, there was due and unpaid, as rent, by the lessees, $3,356,855; but they are entitled to a total deduction of $587,281, leaving the
net amount due to the C C. & I. C. $2,769,574, save as of tenants accepted,
and the trustees are entitled to receive 6 per cent interest thereon from
Jan. 1,1880, till paid, but none before that date.
From this decision the
Pennsylvania RR. appealed to the U. S. Supreme Court. There is also
on record a judgment for $932,500 on $298,000 Newcastle & Rich.
RR., 1st mort. bonds, with Interest, ahead of the consolidated mortira<re.
On Feb. 9,1882, the full plan of settlement with the Penn. RR. was
submitted (see Chronicle, V. 34, p. 176), which was approved by a
majority of bondholders. This provides that the consolidated mortgage
of the Col. Chic. A Indiana Central Railway Company shall be fore¬
closed subject to the old sectional mortgages. That the property thus
sold shall be bought in. if it can be obtained on terms satisfactory, and
the purchasers shall form a new corporation to take the property, with
a capital of $10,000,000 in common stock and $20,000,000 in preferred
i
Earnings. Earnings, p.c.
Years.
(guarantor of the lease) was entitled to $1,258,000 of convertible income
1886 to’90
Nov., 1904
July 1, 1885
Co.’s Office. March 1,1891
do
May 1, 1888
equipment, operate it, and pay over to the lessors 30 per cent of the
ctos8 earniugs. Also, that the rental should-always be equal to the inter¬
est on $15,000,000 first mortgage bonds of the O. C. A I. C. Railway
Company, and $821,000 of the second mortgage bonds of the Col. &
Ind. Railroad Company. The lessees also agree to pay the interest as it
accrues on these bonds., In August, 1874, default was made on the
$5,000,000 seconds, and April 1, 1875, defaulted on lirst mortgage. In
the suit between lessor and lessee, Judge Harlan decided the debtmustjbe
reduced to the limit—(See bondholders’ report, V. 29, p. 656.) Pursuant
to this decision, the debt was substantially reduced as required, and the
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that
the Col. Chic. A Ind Cent. Co. had performed its covenant of the lease in
reducing the bonded indebtedness of tho road; that the Penn. Company
...
Dec., 1883
-
.
Miles.
142
Stocks—Last
Dividend.
S. N. Y., Winslow, L. A Co. Sept. 1, 1931
Oct. 1, 1897
do
do
O.
Jan. 1, 1892
do
do
J.
A.
do
do
Aug. 1, 1905
do
do
S.
Sept. 1, 1900
do
do
Mav 1, 1910
N.
S. Bost.,3 Merchants’ Row Sept. 1, 1901
Jan. 1, 1911
J.
Columbus Treasury.
Sept. 10,1882
Q.-M.
M. A S. N. Y., Am. Exch. N. B’k Sept. 1,1890
M. A N. Bost.AManchester,N.H. Nov. 1, 1882
1894
J. A J. Best., Treasurer’s otlice
J. A J. Bost.AManchester,N.H. June 29, 1882
Oct. 1, 1895
New York City.
A. A O.
F. A A.
Aug. 1, 1882
Boston, Ofiice.
A. A O.
do
April 1, 1893
do
F. A A.
Aug. 1, 1882
Jan. 1, 1890
do
J. A J.
Jan. 1, 1911
do
J. A J.
J. A J. Boston, Bost.A Alb. RR. July 1, 1882
M. A S. Phila., Penn. RR. Ofiice. 1900-’l-’2-’3-’4
M. A N.
Nov., 1910
Boston, Agency.
M. A N.
May 1, 1911
Boston, Agency.
M. A
A. A
J. A
F. A
M. A
M. A
M. A
J. A
7
3
7
2
6 g.
5
4
6
7 g7
7 g.
.
M. A S. New York,
6
do
6
"1 M. A N.
325,000
2,244,400
1,500,000
400,000
pal,When Due.
Payable, and by
....
5 g7
7
7
7
7
7
6
2
7
5
7
4,000,000
1,500,000
1,000,000
When
J. A J. N.Y.. St, Nicholas N.Bk.
Various
N. Y., 57 Broadway.
M. A N.
do
do
J. A J. N.Y., St. Nicholas N.Bk.
F. A A.
do
do
do
F. A A.
do
F. A A.
do
do
7
7
7
7
7
7
7
$372,000
113,000
50
500 Ac.
100
500 Ac.
100
100 Ac.
100
1864
1881
1881
1865
1866
1868
7
Antrim—1st mortgage
Cumberland d Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
1,000
1870
1881
80,
Corning Gowanesqae d
1,000
50
....
29
147
110
38
38
22
Passumpsic—Stock...
1,000
....
1874
Outstanding
500 Ac.
1.000
1860
41
bonds
The lease
-
121
Concord—Stock
Concord d Claremont—Bonds
Concord d Portsmouth—Stock, guaranteed
Connecticut Centra'll- 1st in. for $400,000, cp. or reg.
Co
....
1870
-
118
11«
83
45
60
55
55
142
71
mortgage
Mortgage
*
....
322
121
Va., 1st M. (s. f.
Connecticut &
...
Amount
821,000
....
$15,000 begins in ’80)
flnlumbus Sonnyfield d Cincinnati— 1st mort
Columbus <£ WesUrn-Ut mortgage
(tolumbus <£ Xenia—Stock
Ohio & W.
1864
39*0
^Consol! mortgage, gold (for *14.500,000)
Columbus
001
•
$....
....
....
Valley <6 Toledo-Stock
1st mortgage, sinking
oa mortgage bonds
1863
102
107
208
224
537
conv..
income
BONDS.
INTEREST OR DIVIDENDS.
Miles
zrrZ7h)lo Chicago d Indiana Cent.—(Continued)—
^ M Col & Ii«l. coo..,lst&2d !>f.(Col. to U’n City
rinn A Cliic. Air Liue(Kicbni’d to Logans.
Col & Ind’polisCent. (Cov. to Union City)..
2
chic & G’t East, construe. (Chic, to Rich’d)
Tnpome
AND
will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
description.
* °r
STOCKS
$362,608
$955,000
10
471,208
1,258,419
lO
-(V. 32, p. 610; Y. 33, p. 225, 254, 357; Y. 34, p. 315, 520, 603 ; V.
35, p. 160.)
Concord d Claremont.—March 31, 1882, owned from Concord to Clare¬
mont, N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H.f
15 miles; total operated, 71 miles. Consolidation of several small roads
in 1873.
Gross earnings in 1881-82, $151,220, and operating expendi¬
tures, $110,444; net earnings, $40,575.
Capital stock, $410,900, and
bonds, $500,000; total stock and bonds,
$910,000.
Original cost of
property, $1,850,000. Floating debt, $254,245.
Concord & Portsmouth.—March 31,1882, owned from Portsmouth, N.
H., to Manchester, N. H., 40*2 miles. The road was sold to first mort¬
Connecticut Central.—Sept. 30, 1881, owned from
to Mass. State Line, 20 miles; branch from Melrose
in 1858. Lease
present stock¬
East Hartford, Ct.,
to West Street, Ct., 7
miles; leased, Springfield & New London, Springfield to State Line, 8
miles; total operated, 35 miles. Leased to New York & New England RR.
from June 1, 1880. Capital stock, $448,500; funded debt, $325,000 (all
owned by New York & New England Railroad); and bills, overdue cou¬
pons, Ac., $7,284.
Connecticut & Passumpsic.—June 30, 1882, owned from White River
Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1863. The lease of Massawippi Railroad
6 per cent on bonds and same dividends as are paid on the stock
lessee. Abstract of last report in V. 35, p. 347. Operations and
is at
of the
ings for four years past were as follows:
Years.
..
Passenger
Freight (ton)
Miles.
Mileage.
147
147
147
147
4,400,575
6,174,878
6,117,700
7,198,586
Mileage.
8,574,443
13,670,452
19,726,662
22,589,950
Gross
Earnings.
$544,142
657,547
774,146
Net
earn¬
Div.
Earniugs. p.c.
$219,695
3
226,139
311,165
3
5
6
-(V. 33, p. 327 ; V. 35, p. 297, 347.)
Connecticut River—Sept. 30, 1881, owned from Springfield, Mass., to
South Vernon, Vt., 50 miles; branches, 6 miles; leased Ashuelot RR.,
S. Vernon, Vt., to Keene, N. H., 24 miles; total operated. 80 miles.
Net income 1880-81, $236,051. Pays 8 per cent dividends on stock and
851,749
303,845
paid off all the debt. (V. 33, p. 502, 561, 743; V. 35, p. 103.)
Connecting (Philadelphia).—Dec. 31,1881, owned from Mantua Junc¬
tion to Franaford Junction, Pa., 7 miles. A connecting link in Phila
delphia to the West and South. Operated by Pennsylvania Railroad
Rental, 6 per cent on capital stock, $1,278,300; and funded debt, $991,000. The bonds are issued in series ABC and D, maturing respectively
has
in 1900-’l, ’2. ’3
and ’4.
Cleve
and
plan of reconstruction was proposed, and in May the Connotton Val.
& Straitsv. Road was purchased. Canton to Straitsville, 127 m. See V.
34, p. 343, in which the plan was condensed, though modified after
Connotton Valley.—This road wasdn progress from Bowerston to
land, Ohio, and when completed to be 118 miles long, narrow gauge.
In February, 1882, the company failed to meet its obligations,
a
wards in some particulars : “ The Connotton Valley bonds are to be con¬
verted into like amounts of new 5 per cent bonds, on which the interest
will he increased to 6 per cent in three years, with the addition of 35
per cent of the par value of the old bond in 6 per cent
each holder of old bonds being called upon to kike a new 6 per cent in
preferred stock,
proportion of $125 in new bonds for each $1,000 of old bonds, pay¬
ing par therefor in four equal monthly instalments, beginning May 1,
1882. The Straitsville bondholders to receive new 5 per cent bonds at
rw*'',1s company takes i5 and Cincinnati Sandusky & Cleveland
capital stock, $1,000,000, and bonds, $1,000,000.
par for old bonds at par, and to subscribe for $250 of new 6 per cent
Co/um6«gi Western—Owns from Opelika to Good water, Ala., 60 miles, bonds for each $1,000 of old bonds. The new bonds are in three series, the
first being ‘A,’ 5 per cent bonds increased to 6 per cent at the end of
^foi°onla^Vs
Columbus Branch of Western RR. of Ala., 29 miles— three years, for redemption of Connotton Valley bonds, $2,600,000;
1880 ana
!Fl»e-8, The Savannah A Memphis RR. was foreclosed June 5, series 4 B,’ at 5 per cent, for redemption of Straitsville bonds, $2,150,000 ;
oso,
this Company organized. Extension was in progress from
series 4 C,’ at 6 per cent, $2,250,000, for construction of road, payment
TwYatFrt(> Birmingham, Ala. Stock, $1,650,000. W. M. Waley, of floating debt, interest due May 1, 1882, on old bonds, Ac.” (V. 34,
President, Savannah, Ga.
Columbus Springfield d Cincinnati.—June 30, 1881, owned from Col-
the
.
botwmons
<6
Xenia.—Dec. 31,1831, owned from Columbus, O., to Xenia,
QQlniles‘ Ih operated
Miami, and is leased
year?.m connection with that road to the Pittsburg Cincinnati A
Th<vwF8’ •b-hpays 8 per cent on stock and provides for the bonds.
18P guaranteed by the Pennsylvania Railroad Company. The
uubus &
fnr
St T™
•
as a division of the Little
Xenia pays 825 per cent dividend per annum.
31. 1882, owned from Concord, N.II., to Nashua, N.H.,
Manchester & North Weare, 19 miles; Hookset Branch, 7
milpa. cased—Concord & Portsmouth, 41 miles; Suncook Valley, 20
Operation lUa Acto11 & Boston, 20 miles; total operated, 142 miles.
duon8,
miipa-i
’
^
Years
1878-q
187U so
earnings, and income
\n
M,ue8.
••
H2
142
over
rentals, &c.. for 4 years past were:
Passenger Freight (ton)
Mileage.
10,580,508
11,081,309
Mileage.
21,609,056
29.006,834
Gross
Net
$733,004
$318,847
Earnings. Earnings,
870,088
346,732
Div.
p. c.
10
10
264, 343, 435, 460, 574, 663 ; V. 35, p. 133, 313.)
Corning Cowanesque d Antrim.—Dec. 31, 1881, owned from Corning,
N. Y., to Antrim, Pa., 53 miles; branch, Lawreneeville to Elkland, Pa.,
11 miles; total operated, 64 miles. Consolidation (Jan., 1873) of the
Blossburg & Corning RR. and the Wellsboro RR. June 1, 187k the
Cowanesque Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
$21,000; 6 per cent on common stock, $84,000, and 7 per cent on pre¬
ferred stock, $35,000; total rental, $140,000 a year.
Stock—common,
$1,400,000, and preferred, $500,000; and 7 per cent bonds, $300,000.
Annual bond drawings of $20,000 commenced in 1880. (V. 35, p. 23o.>
p.
Cumberland d Pennsylvania.—Dec.
31,1881, owned from Cumberland,
Md., to Piedmont, Md., and several branches, 55 miles;
rail. It is owned and operated by Consolidation Coal
guarantees second mortgage.
almost all steel
Company, wlncn
KAILROAD
xxYin
Subscribers will confer
a
1
Miles
Date ! Size, or
of
of
Par
Road. Bonds Value.
Cumberland Valley—Stock ($484,900 preferred)
81
sinking fund guaranteed
125
52
52
Common bonds
33
1st and 2d mortgages
Consolidated mortgage
Danv. olney d• O./fir.—1st M.(for $830,000) cp. or reg
Danville d Southwestern—Stock
Dayton d!• Michigan—Com. stock (3^ guar. C.H.&D.;
Preferred stock, (8 percent, guar. C. II. &D.)
2d mortgage
by C. II. A D
Dayton d Union—1st mortgage
Income mortgage bonds.
Dayton d Western—1st M., guar. L. M. and C. & X..
106
103
141
141
142
142
142
32
41
85
85
31
27
Delawa re—Stock
Mortgage bonds, convertible, guar. P. W. et B
Delaware d Hound Brook—Stock, guaranteed
1st mortgage
2d wort.,' debenture bonds, reg
Delaware Lackawanna d Western—Stock
....
.
....
m
m
m
500 etc.
m
....
’70-’72
1880
1880
161,000
109,500
81,800
600,000
400,000
100,000
801,000
700,000
50
50
....
1871
1867
1869
1881
1879
1879
1865
....
1,898,000
1,000
225,000
1,000
1,000
173,000
495,000
25
1,468,940
1,000
650,000
'
1875
1875
l 1,00*0
1880
1881
60,079
88,341
2*2
5
Danville Olncy & Ohio River.—1This road is projected from Danville,
Ill., to Olney, aiid to the Ohio River, 243 miles, of which l !0 miles, Dan¬
ville to Olney are in operation; also 20 miles of Chic. et East. Ill. leased.
Bonds ottered in 1881 by R. M. Raven & Co., at par, with $500 stock
1,000,000. (V. $1,000 bond. Stock authorized,
fiveu with each 33, 124; Y. 35, 265, 266, 373.)$2,000,000 ; issued,
p.
p.
Danville d Southwestern (III.)— June 30, 1881, owned from Tilton
Junction to Lawreneeville and branch to mines, 103 miles Successor to
Paris & Danville Co. Gross earnings in 1880-81, $224,350; net, $76,318.
Michigan.—March 31, 1881, owned from Dayton, O., to
Leased in perpetuity to the
Cincinnati Hamilton et Dayton. In March, 1881, voted to issue a 5 per
cent consol mortgage bond. There are also $53,000 Toledo Depot bonds
due 18sl and 1894. Of the common stock $1,010,000 only is guar¬
anteed 3^ by C. II. D. Loss in 1880-81, $13,078. The lessees hold
$1,398,100 of the common stock. (V. 32, p 312.)
Dayton d Union.—October, 1881, owned from Dodson, O.,to Union City
Ind., 32 miles; leased Dayton to Dodson, 15 miles; total operated, 47
miles. The Greenville A Miami RR. was sold out Oct. 30, 1872, and re¬
organized as now Jan. 9, 1863. Operated by trustees since Dec., 1871.
Capital stock, $86,300; funded debt, $446,444, and other liabilities,
$151,297; total, $684,043. Property account, $623,363. (V. 32, p. 69.)
Dauton d Western.—Dec. 31, 1891, owned from Dayton, O., to Rich
mond, Ind., 41 miles. Leased in perpetuity from Jan. 1,1865. 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
Pliila. and
Q.-J.
obligations.
■Delaware.—Oct. 31, 1881, owned from Delaware Junction (P. W. & B.),
Del., to Delmar (Md. Line),84 miles; branches, 16 miles; total operated,
100 miles, less two branches (15 miles) operated by the Dorchester &
Delaware and Queen Anne & K. railroads. The Delaware Railroad was
■opened 1855-1860, and is leased to the P. W. A B. Co.; rental 30 per
cent of gross earnings, but stock must have 6 per cent. Gross earnings
in 1879-<?0, $426,265; net, $127,879; 1880-81, $428,747; net, $128,■624. Dividends and interest paid in 1880-81, $129,480. (V. 34, p. 86.)
Delaware d Bound Brook.—December 31, 1881, owned from Bound
Brook (C. of N. J.) 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 forms a line between New
York and Philadelphia.
In May, 1879, the property was leased for
990 years to the Philadelphia A Reading Railroad Company—the lessee
paying interest and 6 per cent on stock in 1879-81, 7 per cent in 1881-83,
and 8 per cent afterward.
Gross earnings in 1880. $568,789 net,
$265,743; iu 1881, gross, $668,489; net. $334,462. (V. 32, p. 611.)
Stock s—Lugf
Dividend.
Carlisle, Pa.
oct-aTTii
April 1, 1904
April 1, 1908
J?u»- J. 1882
Oct. 1, 1884
1920, ’90,’92
Jan.
1920
1, 1910
..........
....
A. & O. Cincinnati. C. H.A D.Co.
Q.-J. N. Y., Winslow, L. A Co.
do
do
M. et S.
do
do
A. et O.
do
do
J. et J.
J. A D. N.Y., Am.Exch.Nat.Bk.
J. et D.
J. et J. N. Y., Am. Exch. N. B’k
J. et J.
Dover, Co.’s Office.
J. et J. Phil., Fidiity I.T.A.S.Co
..........
Philadelphia.
Q.-F.
Delaware Lackawanna d Western.— Dec. 31, 1881, owned from Dela¬
River (N. J. line) to New York State line. 115 miles; branches—
Scranton to Northumberland, 80 miles; Greenville to Winton, Pa., 8
miles; to Storrs, 3 miles; Junction to Keyser Valiev, Pa., 5 miles; leased
lines in New York—Cayuga A Susquehanna RR., 3i miles; Green RR:',
8 miles; Oswego A Syracuse Railroad, 35 miles; Utica Chenango A
1^
7
7
6
4
7
6
7
1,534,000
900.000
g.
N. Y.,
Q.-J.
M. et N.
J. et J.
M. & S.
Company’s Office.
do
do
do
do
Oct.
1, 1882
Del.
4, 188?,
Sept., 1884
Oct., 1888
Jan. 1. 19H
Dec. 1, 1909
After 1910
Jan. 1, 1905
July 2, 1882
July 1, 1895
Nov. 16, 1882
•Susquehanna Valley Railroad, 97 miles; Valley Railroad, 12 miles;
controlled and operated—Syracuse Binghamton & New York, 81 miles;
Rome & Clinton Railroad, 13 miles; Utica Clinton A Binghamton, 31
miles; leased lines in New Jersey—Chester Railroad, 10 miles; Morris
Jan. 14,1882
Nov. 1, 1900
Jan. 1, 1910
N. Y., Co.’s Agency.
Ne%v York.
g.
Sept. 1, 1911
Aug. 15, 1880
M. et N. N.Y., London et Fraukf’t May 1, 1905
N. ¥.. Co.’s Agency.
J. et J.
Jan. 1, 1921
g.
J.
g-
et
J.
New' York.
Jan.
1,
19li
& Essex, 118 miles; Newark et Bloomtleld, 4 miles; Warren Railroad,
18 miles; Sussex, 30 miles; New York Lackawanna & Western, 74 miles;
total operated, 776 miles. For the terms of leases, see remarks under the
names of the respective leased roads.
The Lackawanna A Bloomsburg
was consolidated with this company June 19, 1873.
The following is a
synopsis of the annual statements of the company for four years:
1878.
1879.
1880.
1881.
•
$
$
$
$
receipts all sources..14,454,405 20,226,708 21,656,604 27,396,526
Operating expenses
10,836,276 16,416,256 1 5,753,134 19,632,662
Gross
Net
3,618,129
receipts
receipts
Interest and rentals
Dividends
$
5,903,470 7,763,864
$
$
5,903,470 7,763,864
$
3,618,129
,
Net
3,810,452
INCOME ACCOUNT.
,
3,810,452
3,577,420 3,624,431
1
'
3,627.381
3,558,494
* 786,0001 L,768,500
Total disbursements.. 3,577,420 3,624,431 4,413,381 5,326,994
Balance, surplus
40,709
186,021 1,490,089 2,436,870
*3 per cent.
temper cent.
-(V. 32, p. 230; V. 33, p. 73, 716; V. 34, p. 144.)
Denver Lonymont d Northwestern.—This road is in progress from
Denver to Longmont in northern Colorado.
Bonds ($100,000) offered
in Boston March, 1881, at 90, carrying bonus of 5 shares of stock with
each $1,000 bond. Frederick CL Prince, Boston, Pres.
(V. 33, p. 20; V.
34, p. 521 )
i enver d New
Orleans.—Projected from Denver, via Puebla, to the
Canadian River, 350 miles, and to June, 1882, Denver to Puebla, 120
miles completed. The stock was absorbed in building first 52 miles of
road, and $1,050,000 in promissory notes issued to build the 70 miles to
Puebla. When completed will connect with Ft. Worth et Denver City,
forming a through line between Denver and Ft. Worth. Loan of
$12,0.00,000 mortgage bonds was authorized Sept., 1882, and capital
stock was increased to $15,000,000. Negotiations were pending with
Winslow, Lanier A Co. for the bonds. Jno. Evans, President. (V. 35,
p.
131, 347.)
Grande (3 //.)—Dec. 31, 1881, owned from Denver Citv,
Col., to Alamosa, Col., 251 niles; branches—Pueblo, Col., to Canon City
and Coal Mines, 44 miles ; Cucliara, Col., to El Moro,„Col.. 45 miles; also
lines to Leadville, Durango, Gunnison City, Crested Butte, Redcliffe,
Kokomo, Silver Cliff, and others, the total operated Jan. 1, 1882, aggre¬
gating 1,067 m., and construction was pushed on 238 additional miles.
The first comprehensive report was published in the Chronicle, V.
32, p. 550, giving, a history of operations, to the close of 1880, &c.,
and in V. 34, p."635, the report of operations up to Jan. 1, 1882.
The trust deed of the consolidated mortgage is to Louis H. Meyer ana
John A. Stewart, of New York, as trustees. The deed is to secure ana
provide for an issue of bonds, the amount afloat at one time not to
exceed $30,000,000, of which $7,422,200 shall be used in retiring
prior issues, and the balance issued for the purpose of building ana
completing the extensions to Leadville, New Mexico and San Juan
mines, and other points—and the bonds are issued at $15,000 per mile.
Of the consol, mortgage $1,040,000 exchanged for Arkansas Drvjsl°ii
bonds held by trustees of the Colorado Coal & Iron Co. In 1881 net
earnings were $2,624,000 and fixed charges $1,369,000. The following
are the latest reports:
1881.
Denver d Rio
1880.
Total gross
earnings
Operating" expenses
Net earnings
1,067
$
*
1,563.632
4,332,1.50
6,244,780
3,620,030
1,710,461
operated at close of year
Earnings—
Passenger
:
Freight
Mail, express, Ac
686
$
945,030
2,411,457
121,579
3,478,066
1.767,605
Total miles
lM>24,750
348,998
INCOME ACCOUNT
Receipts—
Total net income
/ isb urse m en is—
Interest on debt
Taxes
Dividends
Miscellaneous
$
Total disbursements
$
1,730,768
2,624,764
1,150,453
1,199,541
149,830
(6 p. c.)
246,512
ware
pal,When Due.
F. A A. Phila..Guar.T.et S D.Co.
May, 1905
M. et N.
Philadelphia.
New York, Office.
Oct. 20,1882
Q.-J.
do
do
M. et S.
Sept. 1, 1907
do
do
J. et D.
June, 1892
do
do
M. & S.
March, 1885
A. & O. New York and Boston. April 1,1911
7
6
2
7
7
7
7
5,090.000
1,800,000
1.000
1.000
..
Opened in 1862.
Whom.
A. & O. Phila., T. A. Biddle it Co
do
do
A. A O.
do
do
A. A O.
Quar. New York and Danbury
J. et J. N. Y.. Nat. City Bank.
do
do
J. et J.
j. & J. N. Y., Farm. L. A Tr. Co.
1%
17,685,000
(?)
1,000
..
Dayton d
7
7
5
7
6
6 & 7
3
6
29,160,000
0,382,500
1,000
..
Toledo, O., 141 miles.
2
100,000
100
500 etc.
500 etc.
Danbury d Norwalk.—Sept. 30, 1881, owned from Danbury, Conn., to
Ridgefield and Hawleyville, together 10 miles; total operated, 34 miles. An extension to Long
Island Sound is to be made. Opened in 1852. Dividends have been
irregular. Operations and earnings for live years past were, as follows:
Gross
Div.
Net
Passenger Freight (ton)
Miles.
Years.
Mileage.
Mileage.
Earnings.
Earnings.
p. c.
34
1876-7..
3
2,464,378
903,334
$165,245
$43,371
34
1877-8..
932,634
2,557,337
157,953
39,667
1878-9..
34
2"
2,481,889 1,089,900
35,318
164,236
3,301,269 1,308,897
184,407
3,608,823 1,228,828
195,163
-(V. 33, p. 559; V. 34, p. 176; V. 35, p. 237.)
Bonds—Pr®.
Payable, and by
Payable
2*2
V06
Where
9,009,000
100
1876
1880
1881
21e
7
6
7
370,900
100 etc.
500 etc.
....
1870
8
8
6
4.92,000
26,200,000
3.067,000
600,000
50
1877
1872
1859
1881
discovered in tbese Tables.
When
2ia
1,692,000
"4,500,000
....
South Norwalk, Conn., 24 miles; branches to
34
34
351,000
1.000
....
..
2,402,573
1,211,250
426,000
1,000
1,000
miles; Dillsburg A Meclianicsburg RR., 8 miles; Southern Pennsylvania
RR., 21 miles; Mont Alto RR., 18 miles, controlled; total controlled
and operated, 141miles. Chartered in 1831. Main line, Harrisburg to
Chainbersburg, completed in 1839, and extended to the River in 1872.
Owns or leases several factory roads, in all about 43 miles. The stock is
owned iu large part by Pennsylvania RR. Co. Last annual report V.
34, p. 376. Large advances have been made to branch roads. Opera¬
tions and earnings on the main line for live years past wore as foil >ws :
Passenger Freight (ton) Gross
Net
/—Div.p.c.—v
Years.
Miles.
Mileage.
Mileage. Earnings. Earn’gs. Pref. Com.
1876-7
125 5,869,562 11,062,510 $519,851 $254,253 10
10
1878
125 5,416,229 11,030,907 536,410 224,985 10
10
1879
1. ' 125 5,265,292 12,485,385 503,597 264,900 10
10
1880
125 7,386,350 14,048,062 536,945 230,199 10
10
125 8,967,357 18,364,654 622,538 220,429 10
10
—(V. 32, p. 3 11 V. 34, p. 316.)
..
Outstanding
IVol. XXXV.
INTEREST OR DIVIDENDS.
Rate per
Cent.
$1,777,850
Cumberland Valley.—Dee. 31, 1881, owned from Harrisburg, Pa., to
Potomac River, Md., 82 miles; leased—Martinsburg A Potomac RR., 12
1879-80
1880-81
Amount
$50'
546
288
Consol, wort., on roadsAequipm’t,($10,000,000).
Bonds (convertible June 1, 1875 to ’77)
60
Lackawanna et Blooms!)., 1st mort. (extension)..
Deliver Longmont d Northwestern— 1st mort., gold .
Denver d New Orleans— 1st mortgage
Denver d Rio Grande—Stock
1,067
291
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
(0
Denv.d R.Gr. West— 1st, g. ($10,000 p. m.),cp.or reg.
(?)
212
Denver South Bark d Paci fic—stock
208
1st mortgage, gold, sinking fund
Consol, mort., gold ($17,000 per mile)
Denver West, d Pac.—1st M., gold ($30,000 per m.)
!
500 etc.
500 etc.
100 etc.
50
100 Ac.
....
m
'34
Danbury d Norwalk—Stock
3d mortgage
Consol, mortgage, guar,
BONDS.
great favor by giving immediate notice of any error
DESCRIPTION.
1st mortgage
2d mortgage,
AND
STOCKS
1,396,965
2’o??’aai?
34l£>
Balance, surplus
333,803
—(V. 32, p. 231,500, 550, 686; V. 33, p. 46, 124, 201, 303, 329,
559, 622, 687, 709, 716; V. 34, p. 31, 60, 86, 145, 408, 635 ; V.3d. P78, 103, 182, 211, 213, 313, 339, 347, 430, 431, 456.)
Denver d Rio Grande West, (narrow gauge)—This company’s mo
gage covers contemplated
miles. The company is an
lines in Utah Territory estimated at a,
offshoot of the Denver A Rio Grande, anu
4
October,
RAILROAD
1882. J
Subscriber*
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
r-T^nation of column headings, Ac., see notes
on tirnt
ms
page
Moines £
of tables.
87
87
56
300
189
189
189
Ft.. Dodge- 1st rnort., coup
Mortgage on extension (.$12,000 per mile)
itoines Osceola £ Southern— 1st mortgage
mtroiTeraml. Uutm *MUwaukee-8wck
CO*' *2.000,000)
consolidated mortgage, guar
mortgage (Detroit A Pontiac
Detroit Hillsdale £ S. IF.—iStock
Detroit Lansing £ North.-Stock,
preferred stock
1st
AND
BONDS.
will confer a great favor by giving immediate notice of
description.
tor
STOCKS
mortgage
RR.), Feb. 1854.
•
65
225
225
182
59
152
-
Lansing, 1st mort., coup., may be reg....
Detroit Mackinac if' Marquette 1st mortgage
Land grant bonds (income)
Income bonds
Dubuque £ Dak—1st M., gold. gu. (payable at 105)
Ionia A
....
....
1877
1869
1882
1881
1881
1879
....
63
143
100
43
Sioux City—Stock
1st mortgage, 1st division.....
1st mortgage, 2d division (for $1,400,000)
•
....
....
Dubuque £
••
1878
1878
1854
....
common
Duluth d- Winni/leg-lst mortgage, gold, land grant
2d mortgage, income
Dunkirk Alley h. Valley £ Pittstnirg—1st mort., gold
1874
1874
1881
1880
....
1863
$1,200,000
1,200,000
1.000
600,000
6,000 p. m.
1,500,000
....
100
1,000
East Broad Top.—1st mortgage, registered*
East Pennsylvan ia—Stock
1st mortgage
-East Tennessee 1 irgtnui £ Georgia—Common stock.
Preferred stock (6 per cent)
Consol, mort., gold (for $22,000,000)
do
“ Divisional” bonds.
Income bonds
Old 1st mortgage sinking fund bonds
East Tenn. A Georgia ($92,000 are endorsed)
1,000
....
100
100
500 Ac.
1.000
2,280,000
4,560,000
1,500,000
630,000
5,000,000
296,000
....
1880
1881
1870
50-’56
6
6
6
J.
J.
Where
Payable, and by
Whom.
& J. N. Y.,
& J.
Morton, B. &Co.
A.
A.
F.
J.
A 0.
New York A London.
A O.
do
do
& A. N.Y.,Canad’n B. of Com.
A J. N. Y., Winslow, L. A Co.
Boston.
F. A A.
do
J. A J. Boston, 2d Nat. Bank.
J. A J.
do
do
A. A O. N. Y., Metrop. Nat. Bk.
A. A 0.
do
do
1^
2^
3*2
7
8
6
7
7
6 S3
7
7
N.Y.,M.K. jesup,P. A Co.
N.Y.,M.K.JeHUi),P.A Co.
7 g.
7
7
7
3
7
J.
A.
A.
J.
J.
M.
D. N.Y., N.Y. Cent. A Hud.
O.
do
do
O.
do
do
J. Philadelp’a, Co.’s Office.
J. Phi la., by P. A R. RR.
S.
Pliila., P. A R. office.
5 g.
5
J.
J.
7
6
200,000
500,000
1,000
50
100 Ac.
100
100
1.000
1,709,550
495,900
27,500,000
16,500,000
....
1,000
1,000
1896
1881
1918
1918
..
6 g.
1,000,000
June 1, 1905
June 1, 1905
A J,
J.
4
6
5-6
8
J.
O.
J.
J.
N.
586.000
Stocks—Last
Dividend.
■
A
A. A
J. A
J. A
M. A
18,000 p.m.
7,000 p.m.
2,000,000
1,000
242
112
When *
Payable
Rate per
Cent.
16,500,000
3,123,000
535,400
1,000
1,000
1,000
1858
Bonds—Princi¬
pal,When Due.
11,000,000
2,650,' 00
100
1,000
....
....
770.000
1,000
1,000
1,000
1,000
1870
1870
1870
1873
1,123
2.000,000
3,200,000
250,000
1,350,000
1,825,600
2,503,300
2,443,000
200 Ac.
1864
90
90
90
30
36
36
902
Outstanding
$1,000
1881
2d mortgage
any error discovered In these Tables.
INTEREST OR DIVIDENDS.
Amount
500
500 Ac.
1
XXIX
,
J.
A
A
A
A
A
A
N.Y., Jesup,Patou A Co.
do
N.
do
Y., Central Trust Co.
Feb.
Jan.
15, 1888
1, 1882
Aug. 10, 1880
Aug. 15, 1882
Jan
1, 1907
July 1, 1889
Oct. 1, 1921
Oct.
Oct.
1, 1911
1, 1921
July 1. 1919
Oct, 16, 1882
1883
1894
May 1, 1911
June, 1890
Oct.
Oct.
1, 1890
1,
1890
July 1, 1903
July 18, 1882
Mar. 1, 1888
j
A J N.Y.,Metropolit’n N.Bk.
A J.;
do
do
Oct.
do
do
J. & J. N.Y.,Metropolit’n N.Bk.
J. & J. N. Y., R. T. Wilson A Co.
July 1, 1930
July 1, 1930
1911
July 1, 1900
1882 to 1886
I
latter has a traffic guarantee and guarantees $7,500,000 of the bonds.
The stock by charter is $48,000,000.
(V. 34, p. 146, 291, 292, 679; V.
35, p. 431.)
Denver So. Park d- Pac.
to Buena Vista, Col.,135
(3/1.)—Dec. 31,1881, owned from Denver, Col.,
miles; extension to Hortense, 8 miles; branch to
Morrison from Bear Creek, 9 miles, and branches, 6 miles; extension to
Gunnison City, 54 mi’es; total, 212 miles. First mortgage bonds issued
at the rate of $12,000 per mile of finished road, and the sinking fund of
lifl per cent annually on outstanding bonds, to be retired at par by lot,
begmsin 1886. Sept. 20, 1880, new branches authorized, and voted to
increase the capital stock, and in Oct., 1880, the consol, mortgage was
made for $15,000,000, to be at $17,000 per mile on whole road, old and
new, less the amount of first mortgage on the old.
In December,
1880, Mr. Gould bought most of the stock, and passed it over to the
Union Pacific, and it is now under that management and no reports are
made. In 1881 gross earnings were $1,464,228 ; net, $309,757. Stock,
$5,000,000. (V. 32, p. 44, 444; V. 35, p. 102, 103.)
Denver Western d-
Pacific.—Proposed road from Denver to Long¬
From Denver 30 miles to be done by Aug. 1, 1881. For
$3,060 in cash the company gives $3,000 in 1st mortgage bonds and
mont, Col.
$1,500 in stock.
John S. Crooks, President, Boston.
Dodge.—Due. 31,1881, owned from Des Moines to Fort
Dodge. Iowa, 87 miles, with an extension, 11 miles, connecting with
Iona Division of Chicago Mil. & St. Paul; and 230 shares common and 30
shares preferred stock-per mile additional may be issued on this exten¬
sion. First 87 miles originally a division of the Des Moines & Valley
RR., built in 1870 and sold out in 1873. Gross earnings in 1880 were
$324,725; net, $143,920. In 1881, gross, $401,532; net, $172,543.
Common stock. $3,040,000 issued; preferred, $758,280 issued to De¬
cember 31, 1881.
(V. 32, p. 312, 434; V. 33, p. 23,736; V. 34, p. 114,
175, 549, 663, 679; V. 35, p. 313.)
Southern.—Projected from Des Moines, la., to
Kansas City, Mo., 300 miles, of which a portion is built, and road was
expected to open in August,-1882.
Stock, $7,000 per mile; bonds,
$6,000 per mile.
B. L. Harding, President, Des Moines.
Det. Grand Haven £1 Mil.—Dec. 31,1881, owned from Detroit, Mich., to
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
& Mil. which was sold in foreclosure Sept., 1878. A sufficient amount
of first mortgage bonds is reserved to retire Detroit & P. bonds
on
maturity.
The bonds
are
guaranteed by the Gt. Western of Canada.
The consol, bonds draw 5 per cent till Nov., 1883. and 6 afterward.
The stock is $1,500,000. Gross earniugs in 1880, $1,220,076; net,
$403,812. In 1881 gross earnings, $1,200,928 ; net, $317,247 ; interest,
charge, $286,855.
Dft. Hillsdale d- Southw.—Dec. 31,1881, owned from
to
Banker’s, Midi.,
65 miles.
Ypsilanti, Mich.-
The Det. H. & Ind. road was sold in fore,
closure December 28, 1874, and this company organized by the bond,
holders. In Aug., 1881, leased in perpetuity to the Lake Shore & Michaouthern Co, for $10,500 per year (3 per cent) on stock for two years,
and $54,000 per
year (4 p. ct.) afterward.
(V. 33, p. 225.)
Detroit Lansing £ Northern.—Dec. 31, 1881, owned from Grand Trunk
Junction, Mich., to Howard City, Midi., 157 miles; branches—Stanton
Junction to Big Rapids, Mich., 63 miles; Belding Branch, 1^
miles;
leased, Grand Trunk Junction to Detroit, 3 miles; Lansing to No.
^smgamile; total operated, 225 miles. A consolidation, April 11,
ili of™ Adroit Howell & Lansing, the Ionia & Lansing and the
roma btanton & Northern
railroads, under the
name
31, 188owned from Straits
branch projected to Sault St.
Marie, 48 miles. The stock is $4,750,000, in $100 shares. The land
bonds receive 25 per cent of net proceeds of land sales as their yearly
income.
Jas. McMillan, President; George I. Seney, director in N. Y.
Dubuque £ Dakota.—Dec. 31,1881, owned from Sumner, fa., to Waver ly, la, 63 miles. Built on the old grading of the Iowa Pac. Dubuque &
Sioux C. Co. guarantee the bonds issued for construction to the extent of
$10,000 per mile. Bonds may be paid off at any time at 105. Preferred
stock $110,000 and ordinary stock $156,600; cost of road, $18,882
per mile.
(V. 32, p. 69.)
Dubuque £ Sioux City.—Dec. 31,1881 owned from Dubuque, Iowa, to
Iowa Falls, 143 miles.
of Detroit Lansing
Chartered
as
Dub. & Pac. in 1856.
Leased to Ill.
Cent, from Oct. 1. 1867. for 20 jears, 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. Earnings
1880, $1,097,524; rental, $395,108.
$398,779.
Duluth £
Des Moines £ Ft.
Des Moines Osceola £
Detroit Mackinac £ Marquette.—March
of Mackinac to Marquette, 152 miles;
Winnipeg.—Road in
boundary line, 280miles.
Gross, 1881,
progress
$1,107,720; rental,
from Duluth to Manitoba
The land grant amounts to 1,800,000 acres,
which is subject to the first mortgage.
W.
Spalding, President, Duluth.
The stock is $5,000,000.
(V. 33, p. 733.)
Wm.
Dunkirk Allegheny Valley £ Pittsb —Sept. 30, 1881, owned from Dun¬
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
War. & Pittsb. and Warren & Venango in 1872.
Is owned by N. Y. Cent.
& Hudson River Co., but accounts are kept separate. Gross earnings,
1878-9, $283,132; no net earnings; deficiency, $20,109; in 1879-80,
gross $261,947, deficiency $17,217;
1880-81, gross $291,208, net
$5,302. Capital stock, $1,300,000; funded debt, $3,200,000. Nominal
cost of property, $4,816,544.
East Broad
Top (Pa.)—November 30,1881, owned from Mount Union,
Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The
stock is $549,248. In 1878 gross earnings were $90,808 and net earn¬
ings $38,122; 1880-81,
East
gross,
$127,940; net, 42,356.
Pennsylvania.—Nov. 30,1881, owned from Reading, Pa., to Allen
to the
stock
town. Pa., 36 miles. It is leased for 999 years from May 19, 1869,
Pliila. & Reading RR., at a rental of 6 per cent per annum on the
and interest on the bonds. G. A. Nicolls, President, Reading.
East Tennessee Virginia £ Georgia.—The East Tenn. Va. & Ga. RR. is
composed of the following lines, which were consolidated July 20, 1881,
under the above title: The E. Tenn. Va. & Ga. RR., the Macon & Bruns¬
wick RR., the Cin. & Ga. RR., the Knox. & Ohio RR., and the Alabama
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to
Chattanooga, Tenn., 242 miles; Morristown to Paint Rock, Tenn., 45
miles; Knoxville, Tenn., to Kentucky State line, 66 miles; Cleveland,
Tenn,, via Dalton Rome & Selma, to Meridian, Miss., 380 miles; Oeltwah,
to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta, to Macon, Ga.,
378 miles. The line from Macon to Rome, 178 miles; the Ooltewah cut¬
off, 12 miles; 26 miles of the Kuoxv. & O. Br.,to the Kentucky State line,
and 5 miles of the Morristown Br., 220 miles in all, are under construc¬
tion, leaving 902 miles of road operated by the consolidated company
Jan. 1, 1882.
(The road from Rome to Macon was opened Oct., 1882.)
The company’s application to the N. Y. Stock Exchange, July, 1881,
had the following: “ Of the first mortg. consol, bonds, there are held in
trust by the Cent. Trust Co. $7,509,000, to retire the same amount of the
outstanding divisional and sectional bonds. There are also held in trust
by the same trustee, $3,500,000 bonds to provide for the completion of
the Rome Atlanta & Macon division of the
now in
company’s
progress, 178 miles in length, and the company has contracts with
Michigan RR., which was sold in foreclosure December 14,1876,
a™,uew 8tot'k issued as above.
iQQireI)0l't for 1881 had the following: “During the year
loai. the bonded
debt w as increased by the sale, at 17*2 per cent to 175s
railroad
P'
premium, of $178,000 Detroit Lansing & Northern Railroad
Oi
/.fnoiPa?lv^-7J)er cent mortgage bonds due January 1,1907, the prin- responsible parties for the completion of the division during the year
for the proceeds of the funds so held in trust. The
RaUr-n Jv?10*1 wa8 oppliod to the payment of $81,000 Ionia A Lansing
company owns 1,123
Two
Company’s second mortgage 8 per cent bonds, which matured miles of railroad, of wrhich 902 miles are in operation and the remainder
is in progress. It also operates under a lease for twenty years from
er 1. 1880, and to the completion of the Stanton Branch. The
nramn
July 1, 1879, the lines of the Memphis A Charleston Railroad Company,
fortheroad Upon tlle lxmti8 was aPPlicti to the purchase of equipment from Chattanooga to Memphis, Tenn.. 310 miles, and the Florence and
Lannuf
debt was decreased by the payment of $50,000 Detroit Somerville branches, 20 miles, in all 330 miles, making a total of 1,232
miles of proprietary and leased lines now in operation and 221 miles in
mrvrf, Dake Michigan Railroad Company’s depot ground 7 per cent
)onds. due November 1, 1881, the amount nowr being carried progress. The lease of the Memphis & Charleston RR. is an operating
as
«f
debt to be ultimately provided for from the sale of bonds lease simply, and creates no moneyed obligation against the East Tenn.
company, due January 1,19u7, reserved for that purpose.”
Va. A Ga. RR., all net earnings being paid over to the lessor company.
e £r°88
The company has $5,000,000 cash in its treasury for equipment and
earnings, expenses and net income for four years w'ere:
betterment purposes.” In March, 1882, a new arrangment was to be
From
1881.
1878.
1879.
188:‘.
From Pa88^ers
$236,734
$280,142
$314,674
$370,474 made, consisting of a purchase by the East Tennessee Company of the
jKJJ mtgb^
694,372
786,764
852,931
959.814 stock of the Memphis A Charleston Company, in exchange for which it
nim
miscellaneous..
38.926
42.024
47,409 was to issue new' securities; but the consolidation of the roads was not
35,545
effected, and the lease wras afterward to he purchased back by the M. A
OnorS mcorae
$970,033 $1,108,932 $1,203,151 $1,377,698 C. stockholders. See references below.
mating expenses.. 597,835
No annual report of the consolidated company has yet been issued,
934.429
659,787
739,004
and its financial status is somewhat complicated and difficult to under¬
$464,146
$443,269 stand. The earnings and expenses of the consolidated road for the six
$372,198
$449,145
(V. 32. p.
394; V, 34, 406.)
months ending December 31, 1881, were as follows:
e
i
noc
-/VNQoearn^8
XXX
Subscribers will confer a great
1876-90
Size, or
Bonds
Value.
Outstanding
1856
$1,000
$147,000
282
1851
1876
16
38
94
14
75
75
gold
Sinking fund debenture certificates
Elizabeth. Lex.d-Big Sandy— 1st mortg., cp, or leg..
Elmira Jeff. <£• Canandaigua.—Stock
Elmira <£ Williamsport—&tock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erie <6 Pittsburg—Stock
1st mortgage, convertible into consolid.
2d mortgage, convertible
Consolidated mortgage free of State tax
Date
of
1872
Mortgage funding certificates
Eastern (N. II.)—Stock
Eastern Shore (Md.)—1st mortgage
Eel River—Stock
1st mortgage
Elizabeth City <£- Norfolk- 1st mortgage,
2d mortgage, income (cumulative)
Miles
of
Road.
130
Georgia—Continued)—
East Tennessee aiid Virginia (endorsed)
2d mortgage to U. S. Government
Eastern (Mass.)— Stock
Essex RR. 1st inert, (extended for 10 years)
1882
1880
1881
1881
iio
1872
Par
loo
.
...
Marquette—Preferred stock
Reorganization mortgage bonds, gold
Flint A Holly RR. (sink’g fund$25,000 per year).
Flint dt Pere
I860
1863
1862
1865
1868
1869
56
146
51
109
144
55
55
190
$1,735,588
’74-’80
345
283
17
1880
1868
$1,019,658
$715,929
736; V. 34,
Gross
Receipts.
$2,451,323
2,422,394
2,485,977
• 2,905,056
3,094,273
Net '*
Receipts.
$799,317
871,810
994,785
1,084,927
1,124,600
15, 687; V. 33, p. 527, 561; V.
(Md.)— Dec. 31, 1881, owned from Delmar to Crisfield,
Md., 38 miles. The road was sold in foreclosure Feb. 19, 1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md. ' he-
organized. and in 1882 a new mortgage was issued at 5 per cent, and
prior mortgage bonds exchanged. Stock, $160,000.
Gross earnings in
1881, $68,616; net, $13,782.
(V. 35, p. 160, 404.)
Eel River.—Dec. 31, 1881, owned from Logansport., Ind., to Butler,
This was formerly the Detroit Eel River A Illinois RR.,
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 & 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, and 4*2
per cent thereafter.
Ind., 94 miles.
Norfolk.—December 31, 1881, owned from Norfolk,
Va.,to Edeutcn, N. C., 75 miles. Capital stock, $1,000,000. (V. 34,
,
p. 62.)
Elizabeth City d-
Elizabethtown Lexington <6 Big Sandy.—Road owned February, 1882 :
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 A
Ohio and controlled by the same parties. Authorized capital of the
company is $5,000,000. with a provision in the charter to increase it to
$10,000,000. Amount issued, $1,184,200 (V. 32, p. 544; V. 34, p. 2920
Elmira Jefferson J Canandaigua.—Dec. 31, 1881. owned from Canan¬
daigua, N. Y., to Watkins, N. Y., 47 miles. The road was foreclosed and
reorganized under present name Feb. 18, 1859. It was leased to New
York A Erie for 20 years from Jan. 1, 1859, and the lease transferred
to N. Cen. BR.in 1866 at a rental of $25,000 per year.
Lease termi¬
nated Jan., 1379, and road now operated at cost by Northern Central.
Gross earnings in 1881, $354,186; net, $90,157.
Elmira d• Williamsport.—Dec. 31, 1881, owned from Williamsport, Pa.,
to Elmira, N. Y., 76 miles. This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $155,Q00 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 percent
and on the preferred 7 per cent.
Operations are included in the North¬
ern Central returns.
Eriedt Pittsb— Dec. 31, 1881, owned 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
1876-90
5, 6 A 7
2,000,000
6,500,000
3
6 g.
10
3,088,000
1,000
Eastern (X. H.)—Sept. 30, 1881, owned from Portsmouth, N. II., to
Seabrook (Massachusetts State Line), 16 miles. It was formerly leased
for 99 years to the Eastern (Mass.) RR., and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to
4*2 per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore
4,950,000
500 Ac.
126,143
Total
Mileage.
39,099,659
39,116,073
44,996,094
61,707,305
63.099,873
611,000
2,078,000
775,000
325,000
1,000
1,000
$304,333
343.016
246,166
Miscellaneous, includ’g
Freight (ton)
281,000
1,000
1,000
100
Rolling stock
Transportation
Mileage.
68,502,002
61,706,681
1,000,000
3,000,060
1,000
Maintenance of way...
Passenger
V. 32, p.
7
7
7
7
6
2
7
7
6 g.
6 g.
6 g.
3
2,236,000
300,600
byj
Payable, and
Whom.
Stocks—Lm'
Dividend.
Wilson A Co.
a
u,vu.
A
Boston.
J.
S.
A S.
A D.
A
Boston, by Treasurer.
Philadelphia.
by Treasurer.
Mar. 1, 1882
Boston,
....
Isay
July 15.1873
Sept. 15,1886
Sept., 1906
Dec. 1, 1881
do
Boston and London.
F. A M.
M. A
New York.
S.
Yearly.
A. A O.
M. A. S.
.
N.
.
Sept. 1, 1920
Jan. 1, 1970
Oct. 1, 1892
_
Y., Dominic c A D.
New York.
Mar. 1, 1902
Baltimore, N. Cea'. 1; R.
M. A N. Phila., Penn. R. ... v o.
do
do
do
N. Y., Union
do
do
do
do
A J.
J.
A. A O.
J.
A.
J.
M.
J.
M.
J.
M.
J.
J.
A.
A
A
A
A
A
A
A
A
A
A
A
-
XT
Nov.
do
do
do
J. A J.
J. A J.
A. A O.
Q.-M.
6
5
91,800
1.000
earnings for five years past were as follows:
65,403,019
77,081,998
83,411,100
212
3^2
1,000,000
570,000
1,998,400
249,200
1,000
Eastern, Mass.—Sept. 30, 1881, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Auiesbury, 4
miles; Revere to Lynn, 10 miles ; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N. II., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
The company became embarrassed in 1875 and compromised with its
bondholders by the issue of a general mortgage to fund all the prior nonmortgage debts, the new bonds to bear 3*2 per cent for three years from
1876, then 4*2 per cent until September, 1882, and 6 per cent thereafter.
Notes payable are $687,200, secured by collateral or real estate.
The last annual report was published in V. 33, p. 561. Operations and
....
6
5
500,000
500,000
500,000
1,000
earnings
—(V. 32, p. 69, 265, 552, 612; V. 33. p. 303. 357, 468, 716,
p. 291, 625, 679; V. 35. p. 50, 51, 103, 298, 313, 430, 431.)
Miles.
282
282
282
282
282
250,000
3,500,000
500
50
100 Ac,
100 Ac
1852
1854
1876
1869
1872
Net
Years.
900,000
1,000,060
50
taxes
Total
1
7
6 g.
6
6
2,792.800
1,000
EXPENSES.
15,472
492,500
4.500,000
1,000
1,000
1,000
1,000
‘
EARNINGS.
$447,657
194,400
13,429,605
Where
pal,When Due.
....
J.
M.
4J2g. M.
J.
2*4
5
4,997,600
100 Ac,
500 Ac.
100
100 Ac.
100
When
Payable
M. A N. N.Y., R. T.
6
4
3
6
685,000
Europ’n<£N.A m.—1st M., Bang’r to Winn.,Bang’r l’n
Evansville dc T. Haute—Stock ($100,000 is pref. 7)
1st mortgage, Evansv. A Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to T.H.)
Consol, rnort., gold (for $1,500,000)
Evansville Terre Haute <£ Chic.—1st mort., gold.
2d mortgage, gold
Fitchburg—Stock
Bonds, coupons, ($3,500,000 authorized)
1,202,539
69,919
Rate per
Cent.
95,000
100
50
50
47
77
77
77
81^
81*3
81^
rnort
Amount
140,000
100
Equipment bonds
From passengers
From freight
From mail and express
From other sources
Hands-Princi.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on first page of tables.
East Tennessee Virginia &
[VOL. XXXV.
notice of any error discovered in tliese Tables.
favor by giving immediate
DESCRIPTION.
For
BONDS.
AKD
STOCKS
RAILROAD
„
Oct.
1, 2862
1882
1882
1890
1898
Oct. 1, 1890
Jan. 1, 1894
Nov., 1881
Jan. 1, 1887
Nov. 1, 1887
July 1, 1921
Nov. 1, 1899
Jan. 1, 1902
J uly 1, 1882
Sept. 10,
July 1,
April 1,
July 1,
Trus
do
do
do
do
J.
O.
J. Bost., Merck. Nat.
•
*1.
Company’s Office.
J. N.Y.,Farm. L’auA T.
do
do
N.
do
do
J.
N. N.Y.,Fai*m.L’an A T.C >.
do
do
J.
D.
Boston, Office.
do
O.
1 S94 to 1900
July 17,1882
Oct. 1, 1920
May 1. 1888
•
A. A O. N.Y.,
M. A N. N. Y.,
1, 1882
July 1, 1882
Jan. 1, 1910
Mer. Ex. Nat. Bk.
Meehan. Nat. B’k
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 has
been quite unprofitable to the lessees; in 1879 the
paid by
them was $232,653 ; in 1880, $242,819; and in 1881, $233,522. Win. L.
Scott is President, Erie, Pa.
deficiency
European <£ North
American.—Sept. 30, 1881, owned from Bangor,
Me., to Vaueeboro (State Line), Me., 114 miles. Road was worked in
connection with the St. John A Maine, 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
aland grant of 750,000 acres in the State of Maine.
Tu September,
1882, a lease was made to the Maine Central for 99 years
on the bonds and 5 per cent per annum on the stock.
(V. 33, v. 621;
V. 35, p. 160, 211.)
for interest
Evansville <£• Terre Haute.—Aug. 31, 1881, owned from Evansville,
Ind., to Terre Haute, Ind., 109 miles; Owensville branch and extension,
37 miles; total operated, 146 miles. .Formerly known as the Evansville
Gross earnings, 1880-81, $088,758; net,
A Crawfordsville RR. Co.
$202,170. Gross earnings, 1881-82, $826,427,; net, $374,781 (V. 33,
p. 467, 343, 502.)
Evansville Terre Haute <& Chicago—June 30, 1881, owned from Terre
Haute Junction, Ind., to Danville, III., 49 miles; leased, 6 miles; total
operated, 55 miles' It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
made for 999 years; terms, $75,000 per annum and the assumption
by the C. A E. I. of all rentals and taxes paid by E. T. II. A C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,Josephus Collett, President, Terre
090 issued for overdue coupons.
Haute, Ind.
was
Fitchburg.—Sept. 30, 1881, owned from Boston, Mass., to Fitchburg,
(double track), 50 miles; branches—Charlestown, 1 mile; North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough A Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy & Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy & Greenfield
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it for seven
years rrom Sept. 30,1880.
The annual report for 1880-81 in Chron¬
icle, V. 33, p. 685, said : “The increase in expenses, which reduced the
Mass,
net earnings so largely,
doubtless due to the very
year,
is partly explained below;
low rates on through
and something also to the
much of it was
business for part of the
general increase in cost of
laboi’and
materials.” The result of the year was as follows : Net earnings,
392; interest, reutals and 7 per cent dividends, $692,991;
$164,599.
Operations and earnings for five years past were as
Passenger Freight (ton)
Gross
the year,
Miles.
Years.
-(V. 32,
152
.152
$528,-
deficit for
follows:
Div.
Net
Receipts. Revenue. p.ct.
6
30,690,340* 53,224,939 $1,920,413 $342,179
6
32,266,503 68,041,193
1,937,934
347,620
6
Mileage.
Mileage.
379,202
488,851
2,612,595
190 42,854,017 114,507,910
237,811
p. 43, 334; V. 33, p. 622, 685 ; V. 34, p. 146, 488.)
152
190
....
92,832,640
35,094,145
39,752,362 109,323,290
2,079,973
8
7
2,454,598
....
Flint, d■ Pere
Marquette.—Dec. 31,1881, owned from Monroe,
Mich., to
Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw_ branen,
4 miles;
Harrison branch, 15 miles; Manistee branch, 25 miles•
leased—Saginaw A Mount Pleasant Railroad, 15 miles; total operated, 345 miles.
A Receiver was appointed in June, 1879; tne
road was sold August 18, 1880, under the consolidated mortgage, ana
reorganization was made andpreferred stock ($6,500,000) issued fortne
to do
consolidated mortgage bonds, and common stock ($3,500,000) is
issued for the old stock. The common stock has no present right to vow
or to receive dividends, and will
be issued only after the preferred
stockholders have received 7 per cent yearly dividends for nves con¬
secutive years. The preferred stock is not cumulative,
cent per annum is paid on I) >th classes of stock, the
if any, is to be divided ratably. On Jan. 1, 1882,
haudfor lands sold were $9o2,059, and lands yet unsold
Annual report for 1881 in V. 34, p. 529.
Earnings for
were as
follows
1878.
1880.
1881.
452,007
653,636
$
565,288
991,369
45,558
39,967
72,568
655.478
1,157,367
Ac....
592,874
32,065
earnings
1,056,017
'1,151,201
1,599,624
667,231
745,912
1,145,929
1,885,413
1,315,322
388,786
405,289
453,695
570,091
Freight
Mail, express,
Op’g expen’s A taxes
Net
$
431,078
Passenger
Total gross
1879.
$
Earnings—
and after / pei
balance of ^comc,
the land net08 0“
138,454 acres.
four years pa*1
earnings
RAILROAD
1882.
OJTOBKB,
Subscribers will
——— ;
ATt)ianation
:S
J
of column headings,
on flrgt 1>age Df tables.
For exy
Date
of
of
Road. Bonds
Ac., see notes
Marquette—(Continued )—
issued in aid, guar, by lessees.........
wnilv Wayne A Monroe. 1st raort., sinking fund.
mrida Central d Western-Ut tuort,. gold
Fonda Johnstown d Gloversvillc—1st mortgage
65
59
10
26
100
100
100
gold*
Wayne d Jackson—Pref. stock, 8 per cent
stock.
—............... -
Cincinnati <£ [jonisvillc
Wnrt Wavne
EL
All
28
51
39
Mo. Valley- 1st mortgage
1st mortgage
Income bonds
1st mortgage, new...
1871
1882
1870
1880
1880
....
7 Size, or 1
Par
Value.
Galveston Uamsb.d S, Antonio—1st mort, gold,
2d mortgage —........... — • Mexican A Pacific Extension, 1st mortgage
Galveston Houston d
Geneva
;::3
1. gr.
....
2d mortgage
do
do
....
50
35
Head, of 1871—1st mort
gold
Ithaca d Sayre—1st mort., s. f.,
Georgia Pacific—. ..................
Georgia Railroad d Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage .:
Macon Ac Augusta, 1st mortgage
Grand Rapids d Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR)
„
-
-
2,284.800
....
1.000
1,000
....
gold, ($1,81)5,000 are land grant)
income mortgage bonds, for $10,000,000
Green Bay Winona d St. Paul—1st mort. coup
2d mort.’income bonds, reg., noil-cumulative
Gulf Colorado d Santa Fe— 1st M., g. ($12,000 p.m.;
Eannibal d St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
....
77A80
1867
....
....
1,000
1,000
1,000
....
....
1,000
100
500
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
*
$570,091
r>5
$322,118
357,500
“St. Albans”
3,935
Total disbursements
$683,553
Balance, deficit
$113,462
For six months of 1882 road showed a surplus over all expenses and
fixed charges of $250,602. (V. 32, p. 288, 575 ; V. 33, p. 254 ; V. 34,
p. 60, 520; V. 35, p. 211.)
Florida Central d Western.—Jacksonville to Chattahoochee, 208 miles,
and branches from Tallahassee to St. Marks, 21 miles; and from Drifton
to Monticello, 4 m.; total, 234 miles. This was a consolidation in Jan.,
1882, of the Florida Central, the Jacksonville Pensacola A Mobile,
&c. The capital stock was then reported as fixed at $3,000,000, divided
into 30,000 shares, of which Sir Edward Reed took 10,000; Wayne
Veagh, 1,000; Reed and MaeVeagh jointly, 11,000; Henry Arny,
3.0OO; W. T. Carter, 2,000; Walter Hincliman, 1.500, and C. S. HincliMac
man,
1,500.
(V. 32,
p.
Fonda Johnstown d
100, 334; V. 33, p. 124, 527; V. 34,
p.
60, 315.)
Gloversville.—Sept. 30, 1881, owned from Fonda
to Northville, 26 miles Road opened
000. Net earnings, after deducting
$33,359; in 1880-81, $38,230.
N. Y.
Dec. 1, 1870. The stock is $300,interest and rentals, in 1879-80,
W. J. Heacock, President, Gloversville,
Fort Madison d Northwestern.—April, 1882, owned from Fort Madi
son, la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
f$j:
^
toOscaloosa, la., 100 miles.
Under construction, and bonds sold in
,
rr
/
7
7
6 g.
7
5
6
7 g.
7 g.
317,082
957,000
4,800,000
1,000,000
20,000 p. m.
10.0 )0 p. m.
1,493,000
100 Ac.
1881.
Disbursements—
Interest on debt
Dividends
6 g6
7
274,000
INCOME ACCOUNT.
Receipts—
Net earnings
M.
J.
M.
J.
A.
A
A
A
A
A
A. A
pal, When Due.
Stocks—Last
Payable, and by
Dividend.
Whom.
S.
New York.
J. N.Y.. Mereh. Nat. Bank.
S.
Philadelphia, Pa.
J. N. Y., St. Nich. Nat. B’k.
O.
do
do
O. New York or London.
Sept. 1, 1887
Jan. 1, 1901
Mar. 1, 1922
July
May
April
May
Dec.
....
1,
1,
1,
4,
1900
1920
1905
1882
1, 1921
....
690.000
1,000
100
1869
1869
1875
1881
1881
1879
4,000,000
2,750,000
500,000
500 Ac.
.
77
332
332
332
332
219
219
503
292
292
Done/#—Princi¬
“ T -
429,000
...
....
10
8
5 g.
7
6
7 g.
2
1879-0,
100 Ac.
100 Ac.
500 Ac.
1881
1870
1871
1879
1876
1880
’71-’80
1880
1881
1881
1872
1870
307
1st mort.,
Loss on cargo
Outstanding
$75,000
7881
1
"-f.
106
256
226
-
any error discovered in these Tables.
Rate per Wlieu Where
Cent.
Payable
1,000,000
2,808,000
300,000
196,000
700,000
....
XXXI
INTEREST OR DIVIDENDS.
Amount
1,000
1,000
....
128
Stock...........
worth d Dear. City—lRt M.,gold ($25,«.00 p.m.)
Frederick d Pennsylvania Line—1st mortgage
Fremont Elkhorn d
BONDS.
$500
KftvCoauty,
c’oinnion
*4
;
Miles
viint d Pere
*
Fort
AND
confer a great favor by giving immediate notice of
description”
-
STOCKS
600,000
3,000,000
4,200,000
289,500
2.090,000
296,000
2%
J. A D.
New York.
A. A O. Pennsylvania RR. Co.
A. A O. N. Y., Nat. Park Bank.
A. A O.
do
do
A. A O.
do
do
A. A O, Boston, Everett Nat.Bk.
F. A A. N.Y.,D.,M.ACo.,ALond.
J. A D.
Boston and London.
J.
J.
Q.--J.
Augusta,Ga., RR. Bank.
3,781,000
6,036,000
9,168,700
5,083,024
A J.
A J.
A J.
J.
A.
M.
F.
M.
J.
A
A
A
A
A
A
3*2
1,095,000
1,600,000
I.
J.
J.
7 g.
7 g.
7
6
8
7 g.
2,905,000
Feb. 1, 1910
June 1, 1905
1911
1911
A J. N.Y., R. Sage, 78 B’wav.
A J. N. Y., Metrop. Nat. B’k.
7
6
7
4,985,081
4,000,000
1900
1901
1899
1886
1900
F. A A. N.
do
do
do
do
do
do
July 1, 1902
July 1, 1890
Oct. 15, 18S2
Yearly to 1890
1897 A 1910
1887
J. N. Y., Third Nat, Bank.
O. N. Y., Winslow, L. «fc Co.
S.
do
do
A. N. Y., Nat, City Bank.
N.
do
do
J. N.Y.Nat.City Bk.AGalv.
Y., Company’s Office
1899
1899
1906
Feb. 1, 1911
May 1, 1911
July 1, 1909
Aug. 1, 188
a foreclosure suit was begun by N. A. Cowdrey, one of the tn at *es of
the mortgage.
In July, 1880, the company defaulted on its interest.
Road placed in trustee’s hands in September, 1880.
In March, 1882, a
decree of foreclosure was made, and road was noid Aug. 1,1882, for
$460,000, and purchased in the interest of Jay Gould and Rus&ell Sage.
The bondholders receive new 5 per cent bonds for their old bonds, and
the stock held by outsiders was wiped out. The capital stock was
$1,000,000. (V. 32, p 312, 500, 577; V. 33, p. 441, 502; V. 34, p.
146, 344, 378, 460; V. 35, p. 160, 211.)
Geneva Ithaca d Sayre—Sept. 30, 1881, owned from Geneva, N. Y., to
Sayre, Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
total operated, 113 miles. Organized Oct. 2, 1876, as successor of the
Geneva Ithaca & Athens RR., which had been formed by consolidation
of the Geneva A Ithaca and Ithaca Sc Athens railroads, May 25, 1874.
In 1880 absorbed the.Cayuga & South. RR., 37 miles. The G. I. & A.
having defaulted on its interest was placed in the hands of a Receiver.
March 4, 1875, and the road was sold in foreclosure Sept. 2, 1876, ana
this company organized in the interest of the Lehigh Valley RR. The
stock is $1,275,000; preferred, $400,000. Gross earnings in
$318,464; expenses, $427,999; deficit, $109,535; gross in
$462,920; expenses, $452,725; net, $10,195. R. A. Packer is
common
President, Sayre, Pa.
Georgia Pacific— Projected line from Atlanta to Mississippi River.
Built by Richmond & Danville Extension Co., which has $5,000,000
subscribed capital, half of which paid in June, 1882.
(V. 33, p. 201; V.
34, p. 60, 575, 687; V. 35, p. 71, 189, 291, 297, 405.)
Georgia Railroad d Banking Company.—Augusta, Ga.,to Atlanta, Ga.,
Washington and Athens, 60 miles; Warrenton,
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬
171 miles; branches to
ern
RR. of Alabama,
purchased in May, 1875, at fori*,closure, is owned
Earnings in jointly with the Central RR. of Georgia. The Macon A Augusta RR.,
76 miles, is owned by this company. The Port Royal & Augusta RR.
1881-2, $47,462 ; net, $20,727. Stock, $354,700. V. 34, p. 604.
is owned in part by this company. In April, 1881, a lease for 99 years
Fort Wayne d Jackson.—Dec. 31, 1881, owned from Jackson, Mich., to
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wavne was made to W. M. Wadley and associates at $600,000 per year, pay¬
Jackson & Saginaw, which made default on its bonds and was sold in able semi-annually, and dividends are 2*2 per cent quarterly from Oct.
foreclosure Dee. 3, 1879. In 1882 leased to Lake Shore & Mich. South. 1,1881. (V. 32, p. 69, 334,396,420, 526, 551, 612; V. 34, p. 662; Y.
35, p. 430 )
for— years at a rental of $
Gross earnings in 1881, $295,502;
GrandRapids d Indiana .—Dec. 31, 1881, owned from Fort Wayne
net, $117,602. (V. 35, p. 131, 298.)
Ina., to Bay View Mich., 332 miles; leased and operated: Cm. Richmond
Fort Wayne Cincinnati d Louisville.—From Fort Wayne, Ind., to Con- & Fort
Wayne RR., 86 miles; Allegan A S. E. RR., 11 miles; Traverse
norsville, Ind., 109 miles; branch to Rushville, Ind.,’ 24 miles; total Citv Railroad, 26 miles; Bay View Little Traverse A Mackinaw Rail¬
operated, 128 miles.
The Fort Wayne Muncie & Cincinnati Com- road, 6 miles; total, 462 miles. This road was opened in May, 1874.
pauy defaulted and a receiver was appointed Nov., 1874.
The road For the terms of the lease of Cincinnati Rich. & Fort Wayne Railroad—
was sold ii) foreclosure,
July 27, 1881, to Elijah Smith, for the bond¬ see that company in tliis Supplement. The Grand Rap. & Ind. RR. is
for $1,000,000. The bondholders reorganized under this name. operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
holders,
(See plan, V. 32, p. 577.) Elijah Smith, President, Boston, Mass. (V. the first
mortgage bonds are guaranteed by that company, which buys
32, p. 121, 577; Y. 33, p. 100, 153; V. 35, p. 131.)
the coupons eacn year that remain unpaid by the earnings, and on Jan.
Fort Worth d Denver City—Road in progress from Fort Worth, Texas, 1, 1882, $1,862,1.70 unpaia coupons were held by Pa. RR. and Pa. Co.
northwest to the Canadian River at a junction with the Atl. A Pacific, First mortgage bonds redeemed by the sinking fund are replaced by385miles; and in July, 1882, in operation to Wichita Falls, 115 miles, income bonds issued. The company had land grants amounting to
852,960 acres,
sold
acres,
gemg built by Texas & Colorado Improvement Co , G. M. Dodge, Pres. unsold on Jan.and 1882,in 1881 46,766 acres. for $615,283. The lands
8tock $25,000 per mile;
1.
were 530,356
The assets were $1,126,par value of shares. $100.
(V. 33, p. 384, 716;
529 cash in hands of trustees; $751,880 bills receivable, and cash with
V.34, p. 453,522,604.679; Y. 35, p. 23, 131,313, 431,457.)
cashier, $59,748. Operations and earnings for four years past on main
New York, 1881, and also offered in
London May, 1882.
.
tf^€rick & Pennsylvania Line.—Dec.
to Frederick
31,1881, owned from Kingsdale
City, Md., 28 miles. It is leased to Pennsylvania RR.,
interest on first mortgage. Preferred stock held by Pennsyivania RR., $460,000; common stock, $312,528. John Loafs, Pres.,
Frederick City, Md.
-Elkhorn d Missouri Valley.—Fremont to Longpine, Neb.,
Junction to Creighton, Neb., 254 miles. Leased to Sioux
rL® ?ac- RR- The rental is 33*3 per cent of gross earnings. Stock,
wmch pays
$1,324,500.
(V. 35, p.235.)
Harrisburg d San Antonio.—Dec. 31, 1881, owned from
wPi i"’. Tox-> to San Antonio, Tex., 215 miles; Houston to Harrismiif’
luile* 5 Lagrange Extension, 30 miles. Total operated, 256
umes.
Extensions to the Rio Grande and to El Paso in progress,
ms was a successor
to the Buffalo Bayou Brazos & Col. Railway,
iasci°lH‘U(-‘d to San Antonio March 1, 1877.
»*>u,720,686.
The capital stock
The 1st mortgage covers the property and about 1,800,land. The proceeds of land sales are used to retire the
nos, and a
sinking fund of 1 per cent begins in 1880, but it is optional
JjabondhoUters to surrender their bonds, if drawn. In June, 1881, a
Thf> io llP» lntorest in the stock was bought by Southern Pacific parties.
S
wo
acres of
j.® ian? Sraut is sixteen sections (10,240 acres)
r°r
four years
Ornfl0a
<wJarmnS8
aerating
expenses
Intmno^4-ear^l11®8
pai?n
v
v-
<*5.
P. /8,
per
mile.
Earnings,
were:
1878.
1879.
18^0.
1831.
$1,325,846 $1,390,670 $1,392,890 $1,258,917
533,832
,571,904
593,725
755,045
$792,014 $318,766 $799,165 $530,872
$367,8823 $39,288 $354,784 $370,593
6(3°; V. 33, p. 75,528; V. 34, p. 114, 315, 522, 707;
*'
103, 213, 266, 347, 405. 431, 456.)
OalvAof!f0>ln?0^s<on
Henderson of 1871.—D.
18*^„ ’j sold f° Houston, Tex.,
e?'V
and
50 miles.
-.
T
31, 1881, owned from
road was opened in
organized. In 1879
it*
in foreclosure Dec. 1, 1871, an 1 :.
line
were as
follows
Miles.'
Years.
332
:
Passenger
Mileage.
15,184,660
17,823,880
21,309,396
24,66 i,483
Freight (ton)
Mileage.
42,437,701
Gross
Earnings.
$1,200,629
Net
Earnings.
$242,458
432,645
476,745
1,345,134
1,692,754
562,890
1,940,570
(V. 32, p. 155; V. 33, p. 47, 225, 622, 716; V. 34, p. 315, 60* 663; V.
35, p. 23, 51. 347.)
Green Bay Winona d St. Paul —Dec. 31, 1831, owned from Green
Bay, Wis., to Marshland, Wis., 209 miles; branches, 10 miles; total, 219
miles.
332
332
332
This
was a
51,267,197
69,801,159
79,316,473
reorganization in 1881 of the Green Bay A Minne¬
sota, which company made default and the road was sold March 12,
1881. See full statement of debt and plan of reorganization in Chron¬
icle, V. 31, p.453.
Pref. stock is $2,000,000, and entitled to 7 per
cent when earned, and common stock $8,000,000, both stocks in $100
shares.
In
1881 net earnings were $70,774. (V. 32, p. 69, 100,
368, 396, 636; V. 33, p. 441, 580, 587, 641, 736; V. 34, p. 264.)
Gulf Colorado d Santa Fe.—Aug. 1,1882, mileage was as follows:
Main line, Galveston to Lampasas. 274 miles; Fort. Worth Division, Tem¬
ple to Fort Worth, 123; Northeastern Division, Cleburne to Dallas, 53;
Eastern Division, Somerville to Internati >nal & Gt. North. RR., 72;
Houston Division, Alvin to Houston, 23 ; total 550 miles, of which 67
miles were under construction.
Road opened late in 1878 (63 miles),
and sold and reorganized April 15, 1879.
Formally opened under new
regime August, 1880, and has been rapidly extended. See report in V.
35, p. 429. Stock July 31, 1882, $ 1,48 >,009. Gross earnings in 1880-81
on an average of 212 miles of road, $777,435. net, $253,751; in 1881-82,
on 361 miles, gross $1,251,073. net $440,117.
George Sealy, President,
Galveston. Tex. (V. 33, p. 47, 470, 502 ; V. 34, p. 114,344,479,488,
715 ; V. 35, p. 339, 347, 4*9.)
Hannibal d St. Joseph— December 31, 1881, owned from Hannibal,
Mo., to St. Joseph, Mo., 206 miles; branches—Cameron to Kansas City,
EAILEOAD
xxxn
Subscribers will confer a great
favor by giving
Joseph—(Continued)
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
&c., see notes
explanation of column headings,
on lirst page of tables.
Hannibal dt St.
immediate notice of any error
—
Bonds 1870, convertible
Land grant bonds, secured by land
Consolidated mort. (for $8,000,000)
Bonds Quincy <fc Palmyra RR
Bonds Kansas City & Cam. RR.
292
notes
292
15
53
54
54
28
44
69
126
126
74
1870
1878
1881
Amount
Lane.—Stock
1.000
Harrisburg dc Potomac— 1st mortgage, coupon
Hartford & Conn. Val.—Bonds forexten. ($100,000)
Hartford dc Western Connecticut—Stock
Housatonic—Stock
Preferred stock
1st mortgage, eoupon
2d mort. bonds of 1869
....
3d mort., reg
Equipment bonds of 1873
iii
Houst. Last <6 West Texas— 1st mortgage, gold
Houston <k Texas Cent.—1st M., (main) gold, l.gr.,s.f.
lst mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold.Waco &N’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Consol, mort., land grant, Waco & Northwest
Gen. mort., gold (for $18,500,000)
187-9.0
Huntingdon dc Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage consolidated
Scrip for interest 1st and 2d mortgages
Illinois Central—StocK
Mortgage bonds, sterling
345
119
58
464
58
522
58
58
58
I
|
1,000
3,000,000
;
Bonds, coup. ($2,000,000) M. onCli.
Bonds, reg., mort. on Middle Div
Leased line *1 per cent stock
Illinois Midland— 1st mortgage, gold
& 8p. RR
;
j
j
i
1
50
500 &c.
100 Ac.
ioo
1865
1869
1880
1873
1878
1866*
1870
1873
1872
1875
1881
1854
1857
1865
1 1,320
1
Sterling bonds, (sinking fund £20,000 yearly)....;
Mortgage, sterling
discovered in tliese Tables.
Ihmds—Princi¬
1875
1874
1875
1877
1878
706
706
706
111
101
100
500 Ac.
500 Ac.
500 &e.
500 &e.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500
1,000
100
£200
£200
£200
1,000
433,000
1,200,000
1,182,550
700,000
1875
M.
F.
J.
J.
6
(?)
(?)
820,000
1.180,000
100,000
300,000
300,000
J.
7
507,200
J.
1^
2
7
6
5
7
7 g.
7 g.
7 g.
7 g8
8
6 g.
7 g.
7 g.
5
7
3-5
6 V5 g.
5 V6
5
2
7 g.
150,000
777,000
6,262,000
2,270,000
1,140,000
4,117,000
84,000
4,300,000
416,000
367,500
1.497,000
123,115
29,000,000
2,500,000
4,150,000
1,000,000
1,600,000
1,000
600,000
10,000,090
4,175,000
....
J.
3^
100
147
When
Payable
Where Payable,
Whom.
pal,When Due.
and by
Stocks—Lust'
Dividend.
S. N. Y., B’k. No. America.
<fc J. N. Y., Farm. L. A T. Co.
<fc S. N. Y., B’k. No. America.
do
do
& A.
do
do
& J.
& J.
Phila., Co.’8 Office.
do
do
& .1.
& J. Pliila., Third Nat. Bk.
M. &
8
7
6
8
10
$4,000,000
90,000
$....
1867
1853
1874
Rate per
Cent.
Outstanding
9781
Harrisb. Portsm’th Alt. Joy dc
1st mortgage
[VOL. XXXV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
STOCKS AND
Harrisburg Portsmouth
53,814
194,131
Mount Joy <£■ Lancaster.
—
Dec. 31, 1881,
owned from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch,
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
iterest
Sears from the bonds. Operated as a part 7 per cent on the stock and
Jan. 1, 1861, the rental being of main line of Penn. RR.
on
Harrisburg dc Potomac.—Dec. 31, 1881, owned from Bowmansdale to
Jacksonville, Pa., 28 miles; branch to mines, 2 miles; total operated, 30
miles. Extensions are projected from Jacksonville to Shippeusburg and
from Bowmausdale to Harrisburg. Road opened through in 1878. Bonds
authorized, $1,800,000. Stock $379,165. C. W. Ahl. Pres., Newville. Pa.
Hartford dc Connecticut Valley.—Sept. 30, 1881, owned from Hartford,
Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and 1872. In hands of
trustees of first mortgage for some time, and reorganization made in
Feb., 1880, as the Hartford & Conn. Valley, with stock of $1,200,000
authorized and bonds of $500,000. On Sept. 30, 1881, the stockoutstanding was $652,000 and certificates of debt $119,200. In Sept.,
1882, the stock was sold to N. Y. N. Haven & Hartf. See V. 35, p. 298.
Gross earnings iu 1881, $191,926; available for interest, &c., $22,741.
—<(V. 35, p. 298. 320.)
Bridgeport & Boston.
ft
/j
F. & A.
Aug. 1, 1885
Bridgeport, Office.
do
do
J. A J.
July 1, 1889
do
do
A. & O.
April 1, 1910
Feb. 1, 1883
F. & A.
Bridgeport.
1898
M. & N. N. Y., Union Trust Co.
J. & J. N. Y., J. J. Cisco & Son. July 1. 1891
do
do
J. & J.
July 1, 1891
do
do
July 1. 1903
J. & J.
Oct. 1, 1912
do
do
A. & O.
do
do
May 1, 1915
M. & N.
do
do
April 1, 1921
A. & O.
Oct. 1, 1890
A. & O.
Philadelphia, Othce.
Feb. 1. 1895
do
do
F. & A.
do
do
April 1, 1895
A. & O.
Dec. 1, 1889
do
do
J. & D.
N. Y., Treas.’ Office.
Sept. 1. 1882
M. & S.
London.
A. & O.
April 1. 1895
A. & O. London,Morton R.& Co. April 1, 1903
Dec. 1, 1905
do
do
J. & D.
Jan. 1. 1898
N. Y., Treas.’ Office.
J. & J.
do
do
Aug. 1, 1921
F. & A.
do
do
J. & J.
Jan. 1, 1905
j
J. & J.
..
143 miles;
State Line,
Total owned, 918 miles. Leased—Dubuque to Iowa Falls,
Iowa Falls to Sioux City, 183 miles; Waterloo to Minnesota
76 miles. Total leased, 402 miles. Total operated Dec.
miles.
From July, 1882, the Chic. St. Louis & N. O.
was
This eompa-uy was organized in March, 1851,
31,1881,1,320
road
leased.
and thelwhole road
opened September, 1855.
The terms of the leased lines in Iowa are
given under the names of those companies. The general mortgage of
1874 provides for all bonds outstanding.
The Illinois Central was
one of the first, and has been one of the most successful, of the land
The company acquired a controlling interest the
grant roads. Louis & New Orleans Railroad, to which it madein large
hicago St.
the stock
July 1, 1882»
advances, and owned December 31, 1881, $6,670,000 of
and $3,632,000 of the 5 per cent gold bonds.
From
leased the Chicago St. Louis & New Orleans for 400 years,
per
per cent per annum on stock, and issued the above
line stock, exchangeable for the Ch. St. L. & N. O. stock.
Spnngf. RR.was a reorganization of the Gilman Clint.
and is leased to the Illinois Central and virtually owned by
annual report for 1881 says: “The gross traffic of the
past year was $8,586,397, against $8,304,811 for
year
tonnage carried shows an increase of 5-72 per cent over
previous year, while the gross earnings show an increase
cent.
The net result is $3,227,181, and is $251,830 less than
1880. The net receipts from all sources were as follows:
at 4
cent teasea
4
The Chic. «
& Spring, in 1877,
it. The
line for the
the
1880. The
that of tne
of 304 per
thatoi
Fromtramc,
Hartford d- Western Connecticut.—The Connecticut Western owned
from Hartford, Conn., to New York State Line, 67 miles; leased 2 miles; $3,227,181; from land, $123,932; from interest on bonds. $lt>L,10o;
total operated, 69 miles. Gross earnings in 1880-81, $266,725; net, from premium on C. St. L. & N. O. Railroad bonds sold, $150,000; total,
$16,564. Capital stock, $1,890,100. Permanent property, $5,042,785. $3,662,219. The interest on the debt and two dividends on share cape
No bond interest had been paid since Jan. 1. 1876. Foreclosure suit tal were paid, besides $925,380 for extraordinary expenses in Illinois.
years has been as follows:
begun in 1880, and the State Treasurer took possession. On May 25,
•INCOME ACCOUNT.
1881, bondholders re-organized, and stock in new company is issued for
1879.
1878.
bonds. In March, 1882, the purchase of the Rhinebeck & Connecticut
$
$
Railroad was made for $800,000 in the stock of this company. (V. 32,
7,249.183
Total gross earn’gs..
7,140,207
p. 577; V. 33, p. 23. 73. 153 ; V. 34, p. 231,366.)
Net Receipts—
Housatonic.—Sept. 30, 1881, owned from Bridgeport. Conn., to State
4,207,76.3
4,023,748
Line, Mass., 74 miles; Brookville to Daubury, 6 miles; leased— Berkshire Net earnings
102.321
68,040
Interest
Railroad, 22 miles; West Stoekbridge RR., 3miles; Stockbridge & Pitts¬
113,461
72,286
Miscellaneous
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¬
4,423,545
4,164,074
Total net income
pany has voted to issue $700,000 of 5 per cent bonds to take up $400,000
$
$
LHsb u >'se ments—
j>rior bonds, and to lay steel rails. The road does a steady business, as
615,830
616.330
may be seen from the following statement of its operations and earn¬ Rent’lspd.on la.lines
669,484
669,350
Interest on debt
ings for three years past:
395.011
392,190
Net
Div. % Taxes
Gross
Passenger Freight (ton)
1,740,000
1,740,000
Years.
Miles.
Earnings. Earnings. Pref. Dividends
Mileage.
Mileage.
126
8 Construction in Illi¬
6,340,830
12,741,554 $598,335 $248,420
38G,016
38,728
nois during year
247,283
8
126
740,997
7,325,680
17,890,190
41,941
273,981
8 Miscellaneous
126
754,513
7,846,894
17,277,336
—(V. 33, p. 559.)
Total disbursem’ts
3,498,542
3,806,341
Houston East d■ West Texas.—Dec. 31,1881. owned from Houston, Tex.,
617,204
665,532
to Burke, Tex., Ill miles.
(Narrow guage, 3 feet.) It is intended to Balance, surplus
build to Marshall. The company has a Texas land grant of 10,240 —(V.32, p. 155, 229; V. 33, p. 357, 641; V. 34,
489, 637; V. 35, p. 374.)
acres for each mile constructed and equipped. Bonds issued to the extent
Income for
four
....
..
1880.
$
1881.
$
8,322,127
8,586,397
4,631,840
4,428,231
112,000
165,551
161,193
286,224
*4^909,391
4,875,560
672,600
735,696
663,000
465,352
'
$
708,702
444.125
‘
1,740,000
812,323
..
$
2,030,000
925,380
...
..
:\tr
%
of $7,000 p. m
Stock authorized, $10,000,000. Paul Bremond, Pres.,
miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to Houston. (V.
34, p. 292, 316, 489; V. 35, v. 189, 339.)
Quincy, III., 13 miles; total operated, 292 miles. The main line was
Houston d- Texas Central.—Dec. 31, 1881, owned from Houston. Tex.,
opened February, 1859. The company had a Congressional land
grant and received $3,000,000 in bonds from the State of Missouri, which to Red River City, Tex., 345 miles; branches—Hempstead, Tex., to
loan was repaid in cash June. 1881, but litigation followed as to the Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58 miles;
Interest payable on the State bonds. The land sales for four years past total operated, 522 miles. Texas Central Railroad completed from Ross
to Mount Airy, 100 miles, December 31, 1880, and constructi »n in pro¬
were as follows: 1878,15,209 acres for $152,783. average $10 45 per
gress. Opened March 11, 1873. The Austin Branch, or Western Div.,
acre; 1879,64.272 acres for $494,773, average $7 76 per acre; 1880,
74,862 acres for $551,774, average $7 37 per acre; 1881. 29,836 acres was opened iu 1871. The company has a land grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
for $204,107, average $6 84 per acre. In Sept., 1882, a syndicate, in¬
cluding Jay Gould, Russell Sage, and others, bought 90,000 shares of but the lands, as in the case of other Texas roads, are not on the line
of the road, and much of the land will be made available, it is reported,
common stock (as reported at p. 42), which had been carried for Mr.
John R. Duff, of Boston, through the corner which forced that stock to by the construction of other Texas roads. In 1877 the company was
embarrassed and application was made for a Receiver; but the difficul¬
350 in Sept,, 1881.
Preferred stock has prior right to a non-cumulative dividend of 7 per ties were adjusted by the issue of income and indemnity bonds (paid oft
July, 1881), and Mr. Morgan, of the Louisiana SS. Line, bought a con¬
cent; then common to 7; then both share.
The general mortgage of 1881 for
The annual report was published in V. 34, p. 289. The income account trolling interest in the stock.
$18,500,000 is made to the Farmers’ Loan & Trust Co. as trustee. Last
1881.
1880.
1879.
1678.
report of earnings gave the following:
Gross Earn’gs.
Net Earn’gs.
$
$
$
$
2,257,231
2,561,390
$3,205,684
$1,431,913
1,997,405
Total gross earnings.
2,045,450
1880 (522 miles)
3,741,000
1,733,677
Net Receipts 819,939 1881 (522 miles)
773,983
1,256,800
3,748,655
1,606,782
780,356
Net earnings
288,978 —(V. 32, p. 414. 488, 578, 612, 685; V. 33, p. 404; V. 34, p.61,114,
Premium on bonds...
41,795 231, 264, 292; V. 35, p. 77, 161, 237.)
6,354
1,514
93,560
Miscellaneous
37,559
63.610
580,791
297,107
Huntingdon dc Broad Top.—Dec. 31, 1881, owned from Huntingdon,
Lands & 1. gr. bonds.
Pa., to Mt. Dallas, Pa., 45 miles; branches—Slioup’s Run,9 miles; Six1,188,271 mile Run, 5 miles; and Sandy Run, 3 miles; total operated, 62 miles.
1,326,764
Total net income
1,072.604
1,454,707
$
$
This road was opened in July, 1856. The capital stock is $1,266,450 com¬
$
$
Disbursements—
654.640
654,640 mon and $1,923,000 7 per cent preferred stock. Interest in default on
657,320
660,000
Interest on debt
(6^)330,395 (7)355,810 the consolidated mortgage bonds was funded into stock, including April,
Dividends on pr. st’k.
5,180
15,326 1881, coupon, and interest to be resumed at 5 instead of 7. Earnings
Hire of cars
in 1881, $332,653; net, $165,712.
(V. 32, p. 155, 368.)
412,200
Old debts
108.681
Illinois Central.—Dec. 31, 1881, mileage Was as follows:
Mainline142,418
139,902
382,507
Add’s. to prop. &eq..
Chicago to Cairo, 365 miles; Dunleith toCeutralia, 341 miles. Branches—
1,134,457 Otto to Colfax and Minouk, 101 miles; Gilman to Springfteld.lll miles.
1,132,633
797,222
Tot. disbursem’ts.
1,454,707
177, 204, 289, 315, 344,
:
Oct. 16, 1882
53
275,382
Balance, surplus...
-(V. 33, p. 73, 298. 303, 687, 734; V. 34, p. 32,
549; V. 35, p. 103, 189, 297, 308, 320.)
.
Dec. 1, 1882
....
Q.-J.
Mar., 1885
1, 1888
1,1911
Jan., 1892
Jan., 1892
July 10,1882
July 1, 1883
Jan. 1, 1904
Jan.
Mar.
4*8?4,4-8
SI#*1
144, 177, 228,3t>7,
4,407,750
501.641
p.
'-J
'f
4-
rt-ij
L/i:
■}
-%
October,
will confer a great favor by giving
Subscribers
description.
Date
Miles
of
of
Road. Bonds
rr^Ianatiou of column headings, Ac., see notes
tables.
For 6 v
on
first page
of
& West.—Stock
1st mort., pref., coup, or reg
1st mortgage, coup., may be reg
Income bonds.reg., convertible
rTTiana
Bloom inylon
rmisol.
mortgage, coupon or reg.. - -.. union.
mortgage, gold, Eastern
9/i
Divisi
Springfield-1st mort., gold
rid Jltoffi'-S st Mr!,' gold '(for $3,380,000) i $ & i
Indianapolis Decatur dc
Illinois «£•
1st
Jersen
2d mortgage
Stock,
preferred.
Kansas
Central— 1st mortgage (for $3,200,000)
1,000
1,000
1.000
500
1,000
1,000
1,000
45
363
363
159
196
168
....
•
•
100
500 Ac.
....
^
1867
1869
1866
1870
1877
1862
1865
1860
1876
1,000
m
m
m
1,000
....
....
m
....
1879
1880
1881
1,000
1,000
1 000
in March,
Peoria, 10 miles; total, 212 miles. The company
construction its Eastern Division from Indianapolis to Springfield, Ohio, 142 miles. The Cincinnati Sandusky A Cleve. was leased
April, 1881—Sandusky to Dayton, 154 miles; branch, Carey to Findlay,
16 miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to
Cincinnati and Springfield, leaving but 146 miles; also with it the
Columbus Springfield A Cincinnati road, Springfield to Columbus, 44
miles; total, 190 miles. Total operated 402 miles, and 140building. In
December, 1881, leased the Indianapolis Decatur A Springtleld road,
guaranteeing $200,000 per year.
The former Indianapolis Bloomington A Western Company defaulted
Oct. 1,1874, and a Receiver was appointed Dec. 1, 1874. The road was
sold in foreclosure Oct. 30, 1878, and the company reorganized. Interest
is on the first mortgage bonds 3 per cent per annum for the first three
years, 4 per cent for the succeeding two years, 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
exceeding 6 per
$830,000 stock
after a
stock. After the payment of a 7
issued entitled to a dividend of 7 per cent per annum,
scripV.is34, p. 713. Earnings and expenses
convertible into common stock.
in
he annual report for 1881 w as
in 1881 were as follows:
CONSOLIDATED EARNINGS—PEORIA DIV.
$1,826,066
1.103,701
$722,364
8 MONTHS.
1880.
$1,813,129
1,026.5ft
$786,584
DISPOSITION OF NET EARNINGS.
For rentals
For taxes
i
For interest
Other disbursements
$253,275 I Surplus
31,173 |
196,119 |
....
"
Total
30,306 |
—(V. 32, p. 15. 69.100, 155, 313, 335, 444,
716; V. 34,231, 316, §21, 522, 549, 713.)
$211,489
$722,364
468; V. 33, p. 468, 527, 641,
Indianapolis Decatur & Springfield.—August 31,
1881, owned from
| Bond 8— Prin elpal,When Due-
g.
g.
5 g.
6 g.
J.
I.
J.
J.
Wkom.
A J. N. Y.,
A. A O.
A J.
A
A
A
A. A
J. A
A. A
J.
J.
D.
O.
J.
0.
Payable and by
Corbin Bank’g Co
do
do
do
do
do
>
7
6
7
7
J.
J.
J.
1*2
7
7
7
7
4:^2
6
4
4
2
4
7
7
6
A J. N. Y., Am. Ex. Nat. Bk
A J. Honesdale Nat. Bank.
A J. N. Y., by Erie Railroad.
Q.-F. N. Y., Farm. L. A T. Co.
do
ao
A. A O.
do
do
J. A J.
J.
J.
A
J.
F.
F.
F.
A
A
A
A
A
A
A
A
M. A
A. A
Dividend-
Jan.
April
April
July
April
Various N. Y., Union Trust Co.
F. A A. N. Y., 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. City, Treas. Office.
J. A J.
do
do
1%
Stocks—Vast
1,
1,
1,
1,
1,
June 1,
New York, Co.’s Office. Aprii 1,
do
do
July 1,
London and New York. April I',
do
do
do
do
do
J. N. Y., Farm. L. A T. Co.
J. Phila.. 233 So. 4th St
do
O.
do
J. Lewes, Del., Treasurer.
do
do
A.
Boston.
A.
do
A.
J. Bost., Nat. Webster Bk.
do
do
S.
O. Office, 195 Broadway.
-(V. 34, 344, 435, 572, 604, 686; V. 35, p. 103, 160,
1900
1909
1919
1921
1909
1921
1921
1911
1911
July 1, 1919
1908
1900
8eot 1- 1882
Oct. 1. 1917
1907
Jan. 1, 1907
1
July 1, 1910
1887 A 1889
1, 1889
Aug., 1881
1, 1906
July 1, 1910
Jan,
Oct.
July 10, 1907
July 1, 1912
April 1, 1900
1890
Feb.. 1896
Feb. 15, 18^2
Aug. 15, 1882
June 1,
1908
Sept. I, 1910
April 1, 1911
211, 265, 297, 347,
373.)
Indianapolis <£ Vincennes.—Dec. 31. 1881, owned from Indianapolis,
Ind., to Vincennes, Ind., 117 miles. The Pennsylvania Company owns a
controlling interest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000.
In 1880 the net earnings were $60,506; in 1881, $10,260.
Annual
interest on debt amounts to
$206,000.
owned
Iowa Falls <6 Sioux City.—March 31, 1882,
from Iowa Falls, la.,
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
of 36 per cent of the gross earnings. The Illinois Central has an
of continuing the lease after 1887 at same rental.
This company
receives a drawback of 10 per ct. on business to and from their line
option
also
and receives rental for 26 miles of its road
by the Sioux City A St. Paul Co. In the year ending March 31,
1882, the total rental was $301,777; receipts from sales of lauds,
$718,000; the total income was $1,049,700. Horace Williams is Presi¬
dent, Clinton, la. (V. 32, p. 16, 636; V. 34, p. 114, 662 ; V. 35, p. 347.)
over
the Dub. A S. City RR.,
used
Ithaca Auburn <£ Western.—Dec. 31,1881, owned from Freeville to
Auburn, N. Y., 38*2 miles; track to Cortland, 11 miles, used. 5 TheN.
Y. & Oswego Midland RR., Western Extension, was sold in foreclosure,
and this company organized Sept. 20, 1876. as the successor. The
stock is $970,000. In 1880-81 deficit $2,803. H. R. Low. President,
New York City.
Jacksonville Southeastern.—July 1,1881, owned from Jacksonville to
Litchfield, Ill., 54 miles. This was the Jacksonv. Northw. & Southeast.
RR., projected from Jacksonville to Mt. Yernon, 125 miles,
Bonds
wrere issued at $20,000 per mile, amounting to $600,000.
In 1879 the
company was reorganized by the bondholders under this name. In 1880
road was extended 23 miles and bonds for $200,000 issued. In year
ending June 30, 1881, gross earnings, $83,000; net, $43,814.
Jefferson— Sept. 30,1881, owned from Susquehanna Depot, Pa., to Car¬
bondale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles;
total, 45 miles. Leased in perpetuity to the Erie Railway for $140,OOt)
the
and now operated by the N. Y. Lake Erie & West.
stock, $2,096,050. Edward Clynier, President, Reading, Pa.
per annum,
FULL YEAR, OHIO DIV.
3 881.
Total earnings
Operating expenses
Netearning8
300.000
400,000
250,000
4,648,000
2,750,000
2,686,800
2.039,000
1,348,000
....
put under
?er cent dividend, the stock
800,000
425,000
1,000
1,000
owned from
on rental, Pekin to
the common
6
7
7
2,000,100
2,000,(.00
2,752,000
2,000,000
375,000
1,000
I. B. A W.
Indianapolis, Ind., to Pekin, Ill., 202 miles; track used
dividend of 8 per cent on
6
7
7
6
300 ^00
100
....
35, p. 21.)
Bloomington (& Western.—This was a consolidation
1881, of the Ind. B. & W. and the Ohio Ind. A Pacific. The
was
J.
2,947,500
294,000
498,090
1,000.000
200,000
1,000
366, 399 ; V.
scrip
7
3 to
6
6
3 to
6
6
Where
Pay’ble
2,000,000
1,700.000
1,450,000
4,623,500
1,000
500 Ac.
Haute, Ind., to
28 miles leasedTins was a consolidation Nov. 4, 1874, of the Peoria Atlanta A Decatur,
Paris A Decatur and Paris & Terre Haute. Receiver appointed Sept.
11 1875.
Earnings in 1879-80 $323,096; expenses, $307,469. In
1880-81, gross receipts, $385,615; expenses, $395,391. Stock, $2,000,000. D. H. Conklin. Receiver. (V. 32, p. 636 ; V. 33, p. 124; V. 34, p.
income bonds take such interest from July 1, 1879, not
cent per annum, as the net earnings may suffice to pay.
When
Cent.
1,386,000
Illinois Midland—June 30, 1881, operated from Terre
Peoria, Ill., 173 miles, of which 148 miles are owned and
Indiana
1.10i»,000
1880
412
sink fund
1.500,000
3,000,000
1,800,000
1,000,000
100 Ac.
Northern Indiana—1st
1st mortgage, land, grant,
Mortgage on branches
128,400
3,750.000
500 Ac.
1877
6
44
mort., guar by M. C.
Junction (Philadelphia).—1st mortgage
jwwtfon^Bt^ea'kwater—Funded debt (Del. St. loan)
2d mortgage
•
Kansas City Fort Scott <£ Qulf— Stock, common
Joliet <£
575,000
3.500.000
1,000
1869
Bergen—1st mortgage
Rate per
$8,140,400
100 Ac.
500 Ac.
100 Ac.
1869
1867
1870
38
224
159
159
Indianapolis—Stock
A Ind., 1st M. (s. f. $15,000 per year).
City <&
Outstanding
63
72
117
117
54
54
9
lfffrrsonville Madison d
do
Amount
38^
3812
mort.,, in 3 series
Indianapolis <£ Vincennes- 1st mortgage, guar
2d mortgage, guaranteed.
Iwsa Falls <£ Sioux City—Stock
mortgage. April 1, o9
maea Auburn & Wesl.-lst mort.(for $500,000)....
2d mortgage, (income for 3 years)
Jacksonville Southeast—Stock
*>
1st mortgage bonds
Jefferson (Fa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale).......
do
....
■
xxxiii
BONDS.
INTEREST OR DIVIDENDS.
Size or
par
Value.
184
184
Iowa—Stock
Indianapolis <& St Louis- 1st
Jeff Mad.
202
142
152
152
1879
1879
1879
1881
1879
1881
1881
1881
1881
AND
Immediate notice ot any error discovered In these Tables.
$100
542
202
202
202
($10,000,000)
income for $0,000,000
Indiana
STOCKS
KAILROAD
1882. J
Jeffersonv. Madison <£
Capital
Indianapolis.—Dec. 31,1881, owned from Louis¬
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles ; Columbus, Ind., to Sheibyville, Ind., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby A Rush RR.,
total operated, 224 miles.
1880, to the Pennsylvania
Company, the lessees to pay over all the net earnings to the J. M. A I.
Co. In 1881 the Penn. Company purchased $1,939,000 of the stock.
Dividends were at the rate of 7 per cent per annum till May, 1880, and,
6 per cent afterward. Earnings for five years past were as follows:
Gross Earn.
Net Earn. Div. p. c.
Years.
Miles
1877
$499,033
161
$1,176,174
7
186
1,150,014
7
1878
425,887 '
1879!
492,863
7
186
1,246,333
1880
186
1,388,565
541,538
6^
1881
186
1,462,802
365,043
3
18 miles; Cambridge Extension. 20 miles;
The road was leased anewT from January 1,
Decatur, Ill., to Indianapolis, Ind.. 153 miles. This company is successor
to the Indiana A Illinois Central Railroad. In Dec., 1881, was leased to
Indianapolis Bloomington & W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. A new adjustment -(V.
32, p. 205.)
proposed in April, 1881 (see V. 32, p. 501, V. 33, p. 303), whs carried
Jersey City t£ Bergen.—Dee. 31,1881, owned from Jersey City to Bergen
out in November, and the above 2d mortg. bonds issued, and $2,850,000
of 7 per cent pref. stock.
In 1881 gross earnings were $260,798, and net,
Common stock is $500,000. Gross earnings Point, N. J., 6 miles.
in 1879-80, $339,850; net, $142,684. In 1880-81 gross, $191,487 ; net, $86,511. Stock; $165,150. William Keeney, President, Jersey City.
$169,178. (V. 32, p. 500, 636; V. 33, p. 303, 358, 440, 588, 641, 687;
Joliet <£- Northern Indiana—Dec. 31, 1881, owned from Joliet, Ill., to
Y. 34, p. 62, 231; V. 35. p. 373.)
Lake Station, Ind., 45 miles. Operated as part of the Michigan Central
Indianapolis tC Evansville.—In progress Indianapolis to Evansville. main line. Road opened in 1854 and leased to the Mich. Cent. Above
Bonds issued in London May, 1881. R. G. Hervey, President, Evans¬ issue of bonds definitely guaranteed was given as a compromise in
ville, Ind. In February, 1882, an attachment for rails sold was issued. place of old 8 per cent bonds. Stock ($300,000) carries dividends of 8
-(V. 34, p. 231, 3L6.)
Indiana Illinois c£ Iowa.—In progress, and in May, 1882, owned
Momence Ill., to Streator, Ill., 63 miles. Opened in May, 1882.
cent per annum.
Junction (Philadelphia).—Dec.
per
from
J. D.
31, 1881, owned from Belmont, Pa., to
Gray’s Ferry, Pa., 3*6 miles It connects various lines coming into
delphia. Capital stock, $250,000. Net over operating expenses in
$69,956. Six pel cent paid in April, 1882. (V. 32, p. 420.)
Phila¬
Harvey, President, Chicago, Ill. (V. 35, p. 373.)
1881,
Indianapolis <t- St. Louis.—Dec. 31.1881, owned from Indianapolis to
Terre Haute, Ind., 72 miles; leased line, St. L. A. A T. II, 189 miles, and
Junction <£ Breakwater—Dee. 31, 1881, owned from Harrington to
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A. Lewes Del. 40 miles; branch to Rehoboth, 5 miles; total operated, 45
“T. H. was guaranteed by three other companies, and suit has been miles. Gross earnings, 1881, $83,693; net, $30,924. Stock is $306,000.
pending as to the rental. The company wTas controlled by the Pennsyl¬ N. L. McCready, President, New York City. (V. 34, p. 625.)
vania Company, which owned the st< ek of $600,000, in connection with
Kansas City Fort Scott & Gulf— Dec. 31, 1881, mileage was as follows:
the Cleve. Col. Cin. A Ind. Of the first mortgage bonds series “A” are J.
Main line—Kansas City to Baxter Springs, 160 miles; branches—Union
& J.; series “B,” M. A S.; series “C,” M. A N.
Interest bad not been
paid on the second mortgage and equipment bonds since April. 1878, Transit, 1 mile; Springfield to Ash Grove, 19miles; Weir City to C berry and on July 28, 1682, the road was sold in foreclosure for $1,396,000 \ alle (N. G.). 50 miles; Arcadia to Coal Mines. 2 miles ; Baxter Springs
(subject to 1st mort.) and bought for Clew Col. Cin. & Ind. Co. and a tojoplin, 15 miles; Rich Hill Junction to Carbon Centre and Rich Hill,
*>8 miles; Springfield to city limits, 1 m.; Fort Scott June, to Ash Grove,
new
company organized September, 1882, with J. H. Devereaux as 81; Coalvale to Barton, 8. Total operated, Dee. 31, 1881, 363 miles.
President. Operations and earnings for four years past were :
This company was organized April 1, 1879. as successor to the
Gross
Passengei " eight (ton)
Net
Missouri River Fort Scott A Gulf, which made default October 8,
rears.
Miles.
Mileage.
Earnings. Earnings. 1873, and was sold in foreclosure February 4,1879. The first mort¬
Mileage.
266
10,865,239
85,300,579 $1,347,246 $315,115 gage bondholders of the old road took 80 per cent in the new mort¬
266
102,630,114
1,493,876
12.209,092
491,149
claims stock was issued. Operations and
266
148,947,237
15,285,443
2,009,922
608.413 gage bonds, and for all other have been as follows:
1881.....266 19.479,278 196,029,304
2,048,651
614,295 earnings for three years past
v
/
Subscribers will confer
a
great favor by giving immediate
column headings, Ac., see notes
on
first page
of tables.
Miles
Date
of
of
Road. Bonds
175
149
18
42
Kansas City Lawrence d Southern Kansas— 1st mort.
Southern Kansas & Western—1st mortgage
Sumner
County RR.—1st mortgage
Ottawa A Burlington RR.—1st mortg., guar
Kansas City Springfield d Memphis—1st mort
Kentucky Central—Stock
i.50
J2d mortgage
3d mortgage
General mortgage (payable after 1886)
Keokuk d Des Moines— 1st M., mt.guar. C. R. I.
KHox <& Lincoln—1st mortgage
Lake Erie d Western—Stools.
80
80
150
162
49
386
165
A P.
1st mortgage, gold
Income bonds convertible (not cumulative)
Sandusky Extension, 1st mortgage
do
.
do
income bonds
Lafayette Bloom. A Muncie, 1st mort., gold
do
do
income M.
con.
(non-cumul.)
Lake Ontario Southern— 1st mortgage, gold
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort., do. (for $25,000,000) coup.tfc reg.
Lake Shore dividend bonds
1st mortgage, sinking fund, M. S. & N. I
3d mortgage (C., P. it A. RR.) registered bonds..
1st mortgage (C. A Tol. RR.) sinking fund
2d mortgage
do
Buffalo <t State line, mortgage bonds
Buffalo & Erie, mortgage bonds
Det. Monroe <t Tol., 1st mort., coup., guar
Kalamazoo <fc White Pigeon, 1st mortgage
Sohoolcraft A Three Rivers. 1st mortgage
Kalamazoo <fc Schoolcraft, 1st mortgage
Kalamazoo Allegan A Gr. Rapids, 1st mortgxge...
1879
1880
1881
21
21
200
200
50
1177
864
864
864
451
95
162
162
88
88
62
37
12
13
58
Size, or
Outstanding
1,000
1,000
1,000
1,000
1881
1853
1855
1881
1878
’69-’72
50i),000
3,000,000
6,083,500
792,000
1,000
1,000
100 Ac.
1870
1870
1873
1869
1855
1867
1855
1866
1866
1868
1876
1869
1867
1867
1868
1,000
49,466,500
327 000
600.000
2,500 OGC
1,000,000
994.300
1.000
1,000
1,000
1,000
500 Ac.
1,000
....
....
.
m
35,972,107
49,435,645
1,222,867
Lake Shore d
e^.
J
Aug. 1, 1882
July 1, 1900
July 1, 1900
•
Dec.
Coupons are paid by
Treasur’r at Gr’nd
Central Depot, N.
Y., and registered
interest by Union
Trust
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
July 1, 1888
Company.
the operations and the earnings of the road for
1879.
1880.
1881.
$
5,493,166
197,662
$
6,336,963
172,806
$
8,331.356
208,662
$
6,692,963
238,675
850,000
5,690,828
6,509,774
8,510,018
7,781,638
Pr.on bds. A st’ks sold
Total income
Disbursements—
Rentals paid
251,924
....
Interest on debt
2.611,180
Dividends, guar
(10) 53,350
Dividends, ordinary.
Do
rate per ct.
New cars A engines
273,925
282,956
257,489
2,612,230
3,622,730
2,616,955
(10) 53,350 (10) 53,350 (10) 53,350
3,957,320
1,978,660
3,215 322
3,957,320
8
6^2
8
*
4
674,949
.
680,261
60,128
306,530
1,623,662
199*597
10,267
5,690,828
6,509,774
8,540,018
7,781,638
115.453
Miscellaneous
Balance, surplus
....
Total
*
Opera¬
Net
$608,029
Eaminge.
$222,514
447.078
143,616
150
214,472
705,127
(V. 32, p. 16, 120, 612, 636; V. 33, p. 47, 100, 358, 716; V. 34, p.
146, 230, 521, 549, 574.)
Keokuk d Des Moines— June 30, 1881, owned from Keokuk, la., to
Dee Moines, la., 162 miles. This was a reorganization, Jan. 1, k874, of
the Des Moines Valley Eastern Div., sold in foreclosure Oct. 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island & Pac. RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the "interest
The stock is $1,524,600 of 8
per cent preferred and $2,600,400 of common, a majority of which is
held bv the lessee. In the year 1879-80 gross earnings were $639,783 ;
in 1880-81 gross earnings, $660, L01, and rental, at 25 per cent,
In 1880 this item was
Interest, leases
and dividends Div
Net
Per cent. Earnings, on Guar. Stock.
Year. Miles.
p.C.
Earnings.
66-90
1872.. 1,136
$17,699,935
$5,860,409 $2,201,459
4
70-90
1873.. 1,175
2,654,560
19,414,509
5,667,911
Sk
65*04
1874.. 1.175
5,993,760
3,008,193
17,146,131
2
1875.. 1,175
72-96
2,810,294
14,434,199
3,902,698
3*4
68 64
1876.. 1,177
2,759,989
13,949,177
4,374,341
2
6637
1877.. 1,177
13,505,159
4,541,193
2,775,657
4
1878.. ] .177
60-70
2,718,792
5,493,165
13,979,766
6k
1879.. 1,177
58-50
15,271,492
6,336,968
2,754,988
8
55-56
1880.. 1,177
2.750.374
8,331,356
18,749,461
8
62-76
1881.. 1,177
17,971,391
2.725.375
6,692,962
The following condensed tables show the passenger and the freight
business in detail for the pastBix years, 1875-1880:
Operating
Expenses.
Gross
FREIGHT.
Tons
Year.
Tons.
5,635,167
5,513,398
6,098,445
7,541,294
8,350,336
9,164,508
one
•
^
mile.
1,133,834,828
1,080,005,561
1,340,467,821
1,733,423,440
1,851,166,018
2,021,775,468
Lake
.
put in operating expenses.
past are shown by the following
was
condensed table:
Knox d Lincoln.—Sept. 30, 1881. owned from Bath, Me., to Rockland,
Me., 49 miles. In 1882 leased to Maine Central for $60,000 per year for
twenty years, anil $72,000 afterward. The stock is :$364,580. John
T. Berry, President, Rockland, Me. (V. 32, p. 356 ; V. 34,
p, 204, 316.)
Erie d Western.—June 30,~ 1882,~6wned ~f rbirP Sandusky to
Fremont, 22 miles; Fremont to Celiua, 99 miles; branch to Minster, 9
miles; Ceiina to Muucie, 54 miles; Muncie to Ill. 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 & Western, on the basis following: The consol¬
idated 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 Bloomingtou A Muncie stock.
The line em
braces the former Lafayette Bloomington & Mississippi road and the
Lkae Erie A Louisville. There are also $160,000 in car trust certificates
outstanding. Earnings in 1880-81, gross, $1.411,776; net, $310,574
$700,000, but
The financial results of the ten years
$165,025, leaving $27,525 surplus over interest A dividend of 1% per
oent on preferred stock was paid December, 1881.
do
Michigan Southern.—Dec. 31, 1881, owned from Buffalo,
earnings
Interest, divid’ds.Ac.
The general mortgage of 1881 was sold to stockholders at
662g, and 25 per cent of new stock given as a bonus. The old pref.
stock was retired. Enough of this general mortg. of 1881 is reserved
to retire the prior bonds, and t here is an option in this mortgage to retire
the present bonds.
J. A D.
A. A O.
M. A N.
A. A O.
J. A J.
A. A O.
M. A S.
A. A O.
F. A A.
J. A J.
J. A J.
J. A J.
J. A J.
Net
1st, 1883.
on
A J.
Receipts—
foreclosed in 1859.
(not the principal)
J.
do
INCOME ACCOUNT.
In 1875 the present company was formed, and
took possession May 1, 1875. The Maysv. A Lex. RR. was taken Nov.
17, 1876. In June, 1881, a majority of the stock was purchased by Mr.
C. P. Huntington of the Chesapeake & Ohio road, and an extension
from Paris to Livingston, Ky., 70 miles, was to be in operation by July
-
A A.
1878.
Kentucky Central.—Dec., 31, 1881, owned from Covington, Ky., to Lexington, Ky., 99miles, and Paris, Ky., to Maysville, Ky., 51 miles; total
operated, 150 miles. This was formerly the Covington A Lex. RR.,which
149
Nov. 1. 1882
Q.-F.
F.
tables below, showing
a series of years:
The Kansas City Fort Scott A Gulf will appropriate 15 per
cent of gross earnings on business to or from the new road to pay in¬
terest. on the bonds. Each holder of 50 shares K. City Ft. S. A G. stock
had the right to take $1,500 in stock of the new Missouri corporation
for $1,500 in cash, with $2,000 of the bonds for $500 in cash—making
$3,500 for $2,000 cash. (V. 33, p. 153 ; V. 35, p. 71, 297, 313.)
Earnings.
....
Painesville & Ashtabula railroads. On the guaranteed stock, the claim
for dividends between 1857 and 1863 has been settled. This company
controls Chic. & Can. So.
For the half-year ending June 30,1882. the balance of earnings over
charges was $1,122,409, against $2,307,762 in 1881. See Y. 35, p. 21.
The last annual report is published in V. 34, p. 518, containing the
$5,600,o00.
Miles.
149
Aug.
do
F. A A.
Aug.
Aug.
M. A N. N. A'., Metropolitan Bk. May
do
do
Yearly.
May
A. A O. N. Y., Union Trust Co. July
Tips company was a consolidation of the Lake Shore Railroad and
Michigan Southern & Northern Indiana Railroad May 27,1869, and tho
Buffalo & Erie Railroad August 16, 1869.
The consolidated line em¬
braces the former roads of the Cleveland A Toledo and the Cleveland
Kansas City Springfield d Memphis— This organization embraces
two corporations under the laws of Missouri and or Arkansas to build a
road from Springfield, Mo., to Memphis, Tenn., at an estimated cost of
Years.
1879-80
1880 (8 rnosJ
1881.....
Aug. 15. 1919
15, 1899
1, 1919
1, 1920
1, 1919
1, 1899
1, 1905
do
do
August.
N.Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other lines
owned as follows: Detroit Monroe & Toledo, 62 miles; Kalamazoo &
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans {cased are as follows: Kalamazoo Allegan & Gr. Rapids,
58 miles; Jamestown & Franklin, 51 miles; Mahoning Coal R„ 43 miles;
total, 152 miles. Total road owned, leased, and operated, 1,177 miles.
The present bonds carry 4 per cent
(V. 32, p. 16; V. 33, p. 74.)
Gross
F. A A.
1880-1902
j
—
525,915
The fiscal year now ends Dec. 31.
....
1881-82, arross, $1,424,013; net, $388,994. (Y. 33, p. 358, 501; V. 34,
146; V. 35, p. 103, 454.)
Lake Ontario Southern
Sept. 30,1881, owned from SoduS Point. N.Y.,
to Stanley, N. Y., 34 miles.
This company was a consolidation, Dec. 2,
1879, of the Ontario South and the Geneva Hornellsville & Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,083. (V.
33, p.412.)
till 1882, 5 in 1882-3, and 6 thereafter.
the bonds after five years.
Various Bost., Hide& L’therBk.
in
;
tions and earnings for three years past were:
X
May, 1881
March, 1883
June, 1885
July 1, 1911
Oet. l, 1923
.
p.
(through its auxiliary corporation, the Kansas City Topeka A Western),
acoording to the terms ot the circular published in the Chronicle of
was
A N.
Cincinnati.
A S.' N. Y., Bank of America.
do
do
A D.!
New York Agency.
A J.!
A. A O. N. Y.,Fanu. L. A T. Co.
M.
M.
.1.
J.
7
7
7
7
7
7
7
7
7
7
8
8
8
S
100,000
840,000
m
Gross
Net
Earnings. Earnings.
$895,864
$332,811
1880 (V. 31, p. 559).
8 956 000
12,138,000
1,356.000
5,240,000
920,000
1,595,000
849,000
300,000
2,834,000
924,000
400,000
100,000
1,000
Kansas City Lawrence d Southern Kansas—Dec. 31, 1881, owned from
Lawrence, Kan., to Coffeyville (Indian Ter. Line), 144 miles; branches—
Ottawa Junction to Olathe, 32 miles; Cherry vale to Harper Kan., 149
miles; Wellington, Kan., to Hunnewell, Kan., 18 miles; leased, Ottawa
A Burlington RR., 42 miles; total operated. 384 miles. The Kansas
City Lawrence & Southern Kansas was formerly the Leav. Law. A Gal.
RR., which was sold in foreclosure Aug. 9, 1878, and purchased by bond¬
holders, and the present company organized May, 1879. In November,
1860, the consolidation of the three roads above named was made, and
the consolidated stock of $3,759,000 was purchased in the interest of
the Atchison Top. A S. Fe with the 5 per cent bonds of that company
Nov. 27,
l
1910
1921
Boston.
%
7
533,500
Jan.
....
....
6 g.
7
6
’
7
6 g.
7
6 g2
5
1,485 000
1,000
1,000
1,000
1,000
|
....
1,315,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1879
1879
1830
1830
1879
1879
1880
Apr. 1, 1909
1, 1910
Sept, 1, l9io
! J.
6,
2,335,000
7,700,000
•
Freight (ton)
Mileage,
233,000
4,334,000
2,750,00 J
1.000
A. A O. Boston, Nat. Union Bk.
do
do
A J.
M. A S.
do
do
5 to 6
7
7
7
6
1
7
7
6
5
257.000
11,594,779
59,007,866 1,503,215
672,764
V. 33, p. 74, 124, 153, 459; V. 35, p. 457.)
Kansas Central.—July 1,1882, owned from Leavenworth to Miltonvale, 168 miles. Sold under foreclosure of first mortgage April 14,1879.
Reorganized April, 1879. Stock, $504,000. L. T. Smith, President,
Leavenworth, Kan. (V. 32, p. 232.)
—(V. 32, p. 231, 393
Bonds—Princi
pal,When Due *
!'Where Payable, and by Stocks—Lmt ‘
\Vliom.
Payable i
Dividend.
When
Rate per
Cent.
$2,940,000
1,823,000
$500Ac.
1879
1880
1880
1880
8,819,638
160
305
363
notice of any error discovered in these Tables.
Amount
Par
Value.
Passenger
Mileage.
5,585,154
Miles.
Years.
[VOL. XXXV.
INTEREST
DESCRIPTION.
For explanation
BONDS.
AND
STOCKS
RAILROAD
XXXIV
Per ton per
Revenue.
$
9,405,629
9,476,608
10,048,952
11,288,260
14,077,294
12,659,987
mile
Cost.
Cent.
Cent.
•817
•864
•734
•634
•750
•617
Profit.
Cent.
•561
•573
•474
•398
•435
•414
Receipts,
•256
•291
•260
•244
•315
•203
PASSENGERS.
Year.
Passengers.
1876.. 3,119,923
1877.. 2,742,295
1878.. 2,746,032
1879.. 2,822,121
Passengers
one
mile
175,510,501
138,116,618
133,702,021
141,162,317
176,148,717
207,953,215
-Per passenger per
Revenue.-
$
3,664,148
3,203,200
3,057,393
3,138,003
3,761,008
4.134,788
Cost.
Receipts.
Cent.
2090
2319
2'287
2*223
2-135
1 988
Cent.
1515
1647
1276
mile
Profit.
Cent.
•575
■672
1-012
1-049
1-049
1880.. 3,313,485
•868
1881.. 3,682,006
1*1*30
v; 34, p.
—(V. 32, p. 183,478. 497, 679; V. 33, p. 225, 321, 709, 716;
501, 518,617, 637; V. 35, p. 3, 21, 249, 298.)
-
1 174
1 086
*
EAILKOAD
1882. J
October,
Subscribers
-
i
p^Texplnuation of column of till lies. Ac., see notes
Heading,
first page
on
Miles
Date
of
of
Road. Bonds
Southern—(Continued)—
Jamestown A Franklin, 1st mortgage
Take Shore* Michigan
k'nl Alleiran &Gr.
Rapids, stock, (> p. c. guar.
51
22
17
41
2d moitgage..........
do
do
Lawrence—Stock
ilhiah* Hudson 'River— 1st mortgage, gold
Warwick Valley bonds
do
do
25
Lackawanna—1st & 2d mortgages
Lehigh
Stock ($106,300 is pref.)
1st mortgage, coupon and registered
Lehigh d
Consol,
308
101
101
232
60
registered
2d mortgage,
wort..gold, if & £ <s. fd. 2 p.c. y’ly) cp.& r,
guar.(for $6.00C,0l
endorsed
Easton & Amboy. 1st mort.,
Delano Land Comnany bonds,
Little
Miami—Stock, common
....
196
84
StreetcoufistM. bds (jointly withCin.A Iud.RI
1875-6.
Little Rock d
Fort Smith—Stock
•
-
IstM., Id gr’t (1,083,000 acs) s.fd. (for$3,000,00
Little Rock Mias. River <£ Texas—1st mortgage....
2d mortgage
Little Schuylkill—'Stock.:.... —
1st mortgage, sinking fund, extended 1877, coup.
rjong
1st
1st
1st
Island—Stock
mortgage, extension
mortgage, Glencove Br
floating debt
Consol, mortgage, gold (for $5,000,000)
New York A Rockaway, guar. int. only
Smitlitown & Port Jetterson
Long Island Ci'y d Flushing—1st M.. eoup. or reg
Income bonds (cumulative) ($350,000)
2d mort. for
Newtown &
-
•
•
1.68
165
150
....
31
31
334
....
mortgage, main
Flushing, guar
AND
BONDS.
XXXV
by giving Immediate notice of any error discovered in these Tables.
will confer a great favor
description.
STOCKS
95
156
164
10
19
1034
10
4
1863
1869
Size,
Par
Value.
1865
1881
1879
1881
1877
1,000
50
1,000
329,000
....
800,000
....
1875
1876
1881
50
5,000,000
6,000,000
14,013,000
1,000
1,000
2,500,000
1.697,000
4,637,300
50
1,000
1,000
....
500 Ac.
500 Ac.
1,000
50
....
1860
1868
1868
1878
1881
1871
1871
1881
1881
1873
1,000
50
500
500 Ac.
500
100 Ac.
1,000
1,500,000
250,000
4,505,308
2,588,000
2,125,000
1,275,000
2,646,100
444,000
10,000,000
175,000
150,000
1,121,500
250,000
2,500,000
(?)
500
500
(?)
6^0,000
1,000
1,000
312,00J
500
150,000
Lawrence - Dec. 31, 1881, owned from Lawrence Junction, Pa., to
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields,
O., 4 miles; total operated, 22 miles. The branch was built by another
J.
)>8ee
|J. A D. 1
i Q.- J.
IF.
J.
A.
A.
J.
6
27,603,195
1,000
A
Where Payable,
Whom.
A
A
A
A
A
preceding
and by
r
page. <
,
Pittsburg OtHce.
l
A. N. Y., Winslow, L. A Co.
J. N. Y., Nat. Excli. Bank.
O.
O.
D.
Philadelphia.
Stocks— Last
Dividend.
Oct. 1, 1882.
Var.to J»ly,W
June 1, 18044
Oct.,
1882
Aug., 1895
July 1, 1911
6
1899
6
1911
7
Dec. 1, 1907
2
Oct. 16, 1882
Q.—J.
Philadelphia, Office.
6
J. A D. Reg. atotfice; cp.B’kN.A
June, 1898
7
M. A 8. Phila., Bank of N. Amer.
Sept., 1910
6 g. J. A D.
1898 & 1923
Philadelphia, Office.
5
M. A N.
do
do
1920
7
J. A J.
do
do
Jan., 1892
2
Cincinnati.
Q.-M.
Sept,, 1882
6
M. AN. N. Y., Bank or America.
May, 1883
6
Various Ciun., Lafayette Bank.
1894
10 stock.
Boston, Treasurer.
filly 18, 1881
I. A J. N.Y.,Wm.C.SheldonACo Jan. 1, 1905
7
7
J. A J.
Jan. 1, 1906
Boston, Co.’s Office.
do
A. A O.
do
7
1911
3 ifl
J. A J.
Philadelphia Office.
July 14, 1882
7
A. A O.
do
Oct., 1882
1
Nov. 1, 1882
M. A N. N.Y.,Corbin Bank’g Co.
7
May, 1890
6
M. A N.
do
do
May, 1884
7
M. A N.
do
do
May, 1898
do
7
F. A A.
do
Aug. 1, 1918
5
do
do
Q-J.
July 1, 1931
do
do
7
A. A O.
April, 1901
M. A 8.
do
do
7
Sept., 1901
6
M. A N. N.Y., Corbin Bank’g Co. May 1, 1911
1
do
do
Jan. 1
May 1, 19)1
do
M. A N.
do
7
May, iSJl
240,000
600,000
1,000
1,000
A. A 0.
J.
7
2
7
145,000
....
1857
368,000
1,000
When
Payable
3
7
500,000
450,000
....
1853
1864
Rate per
Cent.
Outstanding
$610,000
....
1868
1870
1873
1880
1872
pal,When Due.
Amount
$....
1,000
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
1
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. & Xenia
and merged in this company April 23, 1873. The Lawrence road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Dayleased June 27, 1869, to Pittsburg Fort Wayne & Chicago ton & West. (Dayton to Iiul. State line) and the Rich. & Miami (State line
cent on gross earnings, with $45,000 per year guaranteed to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
as a minimum. Lease has been transferred to Pennsylvania Co., by which
Dayton; these three roads go to form the branch of 57 miles given
the road is now operated. Sinking fund has $26,000 bonds, deducted in above. The partnership agreement was dissolved November 30, 1868,
amount of bonds given above.
Gross earnings in 1880, $185,333; uet and a contract made by which the Columbus A Xenia road, including
earnings, $81,002; gross in 1881, $193,000; net, $85,124; rental re¬ its interest in the above-named branches, was leased to the Little Miami
company
Railroad
was
RR. at 40 per
ceived from lessee, $77,200.
(V. 35,
p.
20.)
Lehigh <£ Hudson River.—This road was opened from Greycourt, on
Belvidere, N. J., 64 miles. August, 1882. Consolidation
April, 1882. of the Lehigh & Hudson River and the Warwick Valley
roads. In addition to above there are $65,000 Wayawauda 6 p. c.
bonds due 1900. Stock, $1,340,000. (V. 33, p. 201; V. 34, p. 146, 408,
549; V. 35, p. 102, 189, 298.)
Erie road, to
Lehigh d Lackawanna.—Dec. 31, 1881, owned from Bethlehem, Pa.,
to Wind Gap, Pa., 25 miles.
to the Lehigh Coal & Nav.
On December 1, 1869, the Little Miami, with all its
leased to the Pittsburg Cincinnati & St. Louis Rail¬
road Copnuiuy for 99 years, renewable forever.
The Pennsylvania
RR. Co. i&Ti p«JXty to the contract and guarantees its faithful execution.
for 99
This road was opened in 1867.
It is leased
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 1880, $43,753; net
earnings, $11,500. - Gross earnings in 1881, $47,441; net, $16,526.
Lehigh Valley.—Nov. 30,1881, owned from Phillipsburg (Pa. Line), N.
years.
branches, Ac.,
was
Road is now . \j-ated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per *. nt on capital stock, interest on debt and $5,000 per
annum for Liftk- .Miami Company’s expenses of organization; the fulfil¬
ment of the less: >r’s lease obligation is also stipulated.
In 1881 the net
income of the company was $683,179; interest and all charges, $663,-
617; surplus Jan. 1, 1882, $154,594. Net loss to lessee, $267,467 in
1881, against $160,512 in 1880. (V. 32, p. 155, 498.)
Little Rock d Fort Smith—Dec. 31, 1881, owned from Little Rock, Ark.,
to Fort Smith, 165 miles; branches, 3 miles; total, 168.
In Dec., 1874,
the property (then 100 miles), including the laud 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 cent notes ($560,100).
Total of notes outstand¬
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬ ing April, 1882, $466,000. In the year 1880 the gross earnings were
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 3 miles ;
*1510,287 and net earnings $252,459. In 1881, gross. $562,650; not,
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to
1260,745. The lands unsold Jan. 1. 1882, amounted to 734,567 acres
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR., Amboy, and land notes, $602,377; in 1881 47,785 acres were sold for $185,705.
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is —(V. 32, p. 467 ; V. 34 p. 314, 573 ; V. 35, p. 347.)
one of the most important or the so-called “ coal roads,” and has been
able to maintain dividends during past years.
Little. Rock Mississippi River d Texas.—Dec. 31, 1881, owned from
It is one of the peculi¬
arities of the company’s annual report that no general balance sheet is Little Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles ;
given. The earnings, expenses and income account for the fiscal years Rob Roy Junction to Micawber, 4 miles; total, 170 miles.
This com¬
ending Nov. 30, were as follows:
pany was a reorganization of the Little Rock Pine Bluff & New Orleans
Railroad and the Mississippi Ouachita & Red River Railroad.
Both
Operations—
1878-9.
1879-80.
1880-81.
Earnin
Passengers carried one mile
15,082,971 19,812,238 23,123, £06 those epmpauies received land grants and State aid bonds. Earnings
roo
The stock is $3,663,500. Elis
Anthracite coal (tons) moved 1 m.366,630,225 375,303,125 440,626,699 in 1881, $301,225; net, $129,625.
Other freight (tons) moved 1 mile.150,540,605 166,178,752 202,299,285 Atkins, President, Boston, Mass. (V. 33, p. 201; Y. 35, p. ls2.)
Earnings.
.
Passenger, mail,
$4,011,445
1,488,578
432,303
express, Ac.
Little
28 miles; branches, 3 miles;
'
no
.
.
$5,932,326
$7,762,990
$9,423,858
2,996,981
4,002,357
4,648,084
$2,935,345
$3,760,633
$4,775,774
$
2,935,345
608,038
.
$
3,760,633
837.948
$
4,775,774
968,268
3,543,383
4,598,581
5,744,042
1,557,900
1,630,113
2,268,313
866,596
742,953
1,095,523
1,108,757
990,338
E ACCOUNT.
Receipts—
,
Eishursemen ts—
Interest on debt
Taxes, Ac., A loss on Morris Can..
Dividends*
Charged for accum. depreciations
Total disbursements
Balance, surplus
*
Schuylkill.—Nov. 30, 1881, owned from Clinton to Tamanend,
total operated, 31 miles. The East Mahanoy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
$5,352,604 $6,678,590 A Reading July 7, 1868. The Little Scliuykill Railroad is leased to the
2,126,397 Philadelphia A Reading Railroad for 93 years from July 7, 1868, at a
1,879,574
530,812
618,871 fixed annual rental. Of the stock, $158,250 is held by the company, and
.517,170,830 541,481,877 642,925,984
Di
10
3,520,019
23,364
772,682
1,522,954
1,070,059
4,472,161
5,634,008
126,420
110,034
in 1880, 10 on preferred
preferred and 4 on common ;
in 1881, 10 on preferred and 5^2 on common.
Operations and earnings for five years past were as follows:
on
and 4 on
common;
dividends
are
declared
on
this.
Long Island—Owns from Long Island City, N. Y., to Greenport, N. Y.
95 miles; branches, 63 miles; total owned, 158 miles. Leased, March
1882-Smitlitown&Pt. Jefferson RR,, 19-0 miles; Stewart RR. to Beth
page, 14*5; Stewart RR. to Hempstead, 1-8; New York A Rockaway
RR., 8-9; Brooklyn A Jamaica RR , 9-6; Newtown A Flushing RR.,
3 9; New York & Flushing RR., 2-7; Brooklyn A Montauk, 67; Hunt¬
er’s Point A So. Side RR., 1‘5; Far Rockaway branch, 9-4 ; L. I. City A
Flushing RK., 15 8. Operated—N. Y. A Long Beach, 6 ; Central exten¬
sion, 8-1; Main St., Flushing, to Great Neck, 6-1. Total leased and
operated, 174 miles. The total of all the roads owned and operated is
334 miles. The Long Island RR. went into the hands of a Receiver Oct..
1877. The second mortgage bonds were issued to take up floating debt
of various classes.
The control of the company
sold to Mr. Austin Corbin and others in
Dec., 1880. In July, 1881, stock increased to $10,000,000. In Aug..
1*81, most of the holders of Sin tutown A Port Jefferson bonds and
N. Y. A Rockaway bonds agree l to exchange their bonds for the consol,
mortgage, bearing 5 per cent. < n Oct., 1881, Receiver was discharged.
No annual report for 1880-8 1 has been issued, but the returns to the
New York State Engineer, gave gross earnings, Ac., and comparative
statistics were as follows:
1877-78.
1878-79.
1879-80.
1880-81
Miles operated
324
326
Div.
Gross
Net
320
328
Earnings.* Earnings, p. ct. Passengers carried, No
4,157,715 5,043,848 6,228,292 6,512,270
302 33,388,877
Freight (tons) moved
254,580
280,071
320,837
339,252
69,902,718 $7,049,647 $3,206,897
9
301 16,657,397
3,325,215
86,712,311
6,488,037
5^
Earnings and Expenses—
$
$
•$
$
303 13,718,758 112,557,966
5,532,738
3,075,811
4
Passenger earnings
1,022.786 1,032,689 1,162,404 1,23.,837
3°3 15,082,571 150,540,605
2,935.344
4
5,932,325
Freight earnings
427,298
463,978
531,367
567,055
18/9-80. 303 19,812,238 166.178,752
Miscellaneous earnings
7,762,990
3,760,633
4
87,220
121,283
118,178 . 141,776
Does not include receipts from interest, &c., which are large.
“(V. 32, p. 98, 183 ; V. 33, p. 588; Y. 34, p. 86. 1 45, 489, 549.)
Gross earnings
1,497,914 1,617,950 1,811,849 1,946,668
Expenses and taxes
1,0 >0,019 1,279,591 1,363,856 1,756,372
JM* Miami.—December 31, 1881, owned from Cincinnati, O., to
O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles;
190,296
445,993
338,359
Net earnings
.'..... 497.895
iw+
%0l,iuibus A Xenia Railroad, Xenia to Columbus, O., 55 miles. Lease rentals
92,500
193.305
165,399
145,614
t" Western Railroad, Dayton, O., to Indiana State Line, 37 miles;
292,841
228,121
uwo state Line to
205,174
Interest and sinking fund.. 196,606
Richmond, Inu.,4miles; total operated, 196 miles. The
Years.
Miles.
Passenger
Mileage.
Mis. Freight,
Mileage.
,
*
.
„
xxxvi
Snbscriberfl will confer
a
DESCRIPTION.
on
first page
Miles
of
Date
of
Road. Bonds
of tables.
Los Angelos <& San Diego— 1st mortgage
Louisiana Western—1st mortgage
Louisville Evansville <£ St. Louis.—1st inort
27
112
1880
1881
1880
1882
1881
mortgage, gold
Income bonds
.
Louisville <t Nashville— Stock
2,028
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
do
extension, Louisville loan
Lebanon-Knox ville mortgage
Ceciliau Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
2d mortgage bonds, gold, coup
Memphis A Ohio, 1st inert., sterling, guar
.
840
^
^
m
141
147
...
1877-78.
m
1,000
1,000
1,000
3,900.000
1,000,000
100
•
1,000
Total liabilities
Coat of property....
-
2,500,000
25,000,000
10,361,000
850.000
m
1,000
1,000
1,000
225,000
333.000
1,500,000
1,000,000
7,070,000
2,000,000
1,000
1,000
£200
£200
3,500,000
2,171,840
2,400,000
605,000
10,000,000
5,000,000
1,000,000
2.000,000
3,500,000
3,000,000
1,000
1,600
1880
1881
1881
1880
1881
1881
1881
1867
1877
1881
1.660
....
.
-
104
....
1,000
1,000
1,000
600,000
1,000
1,000
1,000
2,677,000
1,248,000
3,000,000
2,900,000
892,000
3,208,000
2,123,948
-1,060
100 Ac,
1,000
....
«...
100
[VOL XXXV.
Bonds—Princi
3,000,000
6
6
6
7
4
3
6
6
6
6
6
7
7
7
7
6
6
6
6
6
6
6
3
5
6
6
6
7
7
6
When
Where
j Payable
J.
J.
A.
M.
g.
g.
1
g.
g.
g.
3,260,700
2,713,672
1,123,794
6,465,698
6,271,300
7,098,166 14,303,878
6,629,318 11.080,245
$
9,960,700
2,691,203
1,054,975
-<V. 32, p. 10, 44, 68, 183, 231, 526; V. 33, p. 23, 154, 201, 225, 303,
442, 642, 687; V. 34, p. 19, 146, 408, 435, 549 ; V. 35, p. 102, 189, 211,
373.) •-
Long Island City <£■ Flushing.—This is a reorganization of the Flush¬
ing & North Side road, foreclosed Dec. 11, 1880. The stock is $500,000;
par, $100. Leased to Long Island RR. for 50 years at 40 per cent of
gross earnings. (V. 33, p. 154, 468.)
Los Angelos <6 San Diego. —Florence to Santa Anna, Cal., 27 miles.
Leased to Central Pacific, and in 1880the net earnings paid as rental
$33,384.
Capital stock $570,800.
Francisco.
Chas. Crocker, President San
Louisiana Western.—Dec. 31, 1881, owned from Vermillionville, La.,
to Orange, Texas, and operated by the Texas A New Orleans RR.
Earnings in 1881, $235,234
net, $137,620.
;
Louisville <t Nashville.—June 30, 1882, mileage was as follows: Main
line—Louisville to Nashville, 185 miles; branches—Junction to Bards-
town, Ky., 17; Junction to Livingston, Ky., Ill; Junction to Rich¬
mond, Ky., 34; Montgomery to Mobile, 180; New Orleans to Mobile, 141;
branch to Pontchartrain. 5; Paris, Tenn., to Memphis, 259; East St.
Louis, Ill., to Evansville, Ind., 161; June., Ill., to Shawneetown, Ill., 41;
Belleville, III., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction,
Fla., 44; branch to Muscogee dock, 1; Louisville, Ky., to Newport. Ky.,
109; Junction to Lexington, 66; Louisville H. Cr. & W’port. (n. g.), 11;
Selma to Pineapple, Ala., 40; Henderson to Nashville, 135; Pensacola
extension, 32 ; total owned, 1.578 miles; leased and controlled—Junc¬
tion to Glasgow, Ky., 10; Nashville to Decatur, 119; Decatur to Moutgomery, 189; Junction to Shelby ville, 19; Louisville Transfer, 4; No.
Div. Cumb. A Ohio, 28; Lebanon to Greensburg, 31 ; Selma to Mont-
fomery, 1882, total leased and controlled, 450 miles; total operated
30, 50;
2,028 miles.
une
In 1880 the stock dividend of 100 per cent was made raising the
Stock from $9,059,361.
Purchased in July, 1881, the entire stock of the Louisville Cincinnati
A Lexiegton (175 miles owned and 73 leased), and in November issued
the L.& N. mortgage on that road to pay for the said stock—which
was $1,000,000 common and $1,500,000 preferred
^See. statement of
Louisv. Cin. & Lex. in Supplement of February, Is82, and prior dates.
The general mortg. of 1880 is for $20,000,000, of which $9,716,000 is
reserved to pay off prior liens. For the St. Louis A Southeast, roads the
$492,200 Trust Co. certificates were issued, secured by $800,000 of the
E. H. A N. bonds; they are redeemable any April or Oct., on 30 days
notice. The Southeast. & St. Louis RR., which was reorganized after fore¬
closure of the St. Louis A Southeastern, Nov. 16, 1880, is leased to the
Louisville A Nashville for 49 years, and the L. & N. issues its bonds as
above, secured on the road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. A St. L. stock. The L. & N. LebanonKnoxvilie bonds of 1881 cover 110 miles, subject
to prior liens, and 62
miles building from Livingston to State line as a first lien. The Pen.
A Atlantic bonds were sold to L. & N. stockholders thus:
$1,000 in
bonds, $500 in bond scrip and $400 in stock for $1,425 oasli.
The
3d mortgage bonds of 1882 are secured by
pledge of a large amount of
stooks and bonds. (See V. 35, p. 428 ) In Nov., 1882, the
company listed
3,786,487 of
t3,213,513 of its stock taken from the CityAc. Louisville and issued
floating debt, of The prices of stock
new
stock to pay
1 UfiO
Jan
10034- 92
Feb
95 V 67*3
March...
83V 65
April
1881.
94Vx87
94V ^9
95
85*2
101V 90*2
110 V 9912
-
1 QQ9
July
August.
Sept’ber.
....
.
76V 64^
76V 70
75V 621*
1 QQ1
108%-x98i3
104V 90
99 - 92*s
96V 90%
100V 91%
108%- 99
81«4- 72*2
October
78%- 72 V
Nov’ber
74 V 61
June
109V106
Dec’ber
The annual report for 1881-82, in the Chronicle, V.
35, \.403, 427,
gave an account of the various transactions in that year. The c< inpjirative statistics were as follows, not including Nashv. Chat. & St. L
mis,
wnivli is reported separately:
....
May
-
-
-
1920
19.1
1902
1920
Feb. 1, 1882
June, 1930
1880 it 1887
1886
Oct. 15, 1893
March 1, 1931
Mar. 1, 1907
April, 1898
Nov. 1, 1883
Dec., 1901
Aug., 1902
Dec. 1, 1919
London, Baring Bros.
do
N.
do
Y., Drexel, M. & Co.
New York Agency.
A J. N. Y., Drexel, M. it Co.
Q.—Mar
g.
g.
J.
A. A O.
New York Agency,
M. A 8.
do
do
M. A 8.
do
do
M. A 8.
do
do
M. A N.
do
do
M. A 8.
do
do
F. A A.
do
do
J. A J. N. Y„ Drexel. M. it Co
A. A O. N.Y., Imp.it Trad. N.Bk
M. A N.
New York Agency.
g,
g.
g.
2,300,000
6
6 g.
J.
A
J.
Mar.
Jan.
1922
1930
April 1, 1910
March 1, 1921
March 1, 1980
Mar. 1, 1920
May 1, 1931
Mar. 1, 1931
N.Y.,Nat.Bk.Commerce
do
|F. A A.
Aug., 1921
Jau., 1897
1907
Nov. 1, 1931
do
July 1, 1910
Aug. 1, 1911
1879-80.
1880-81.
1,840
1,872
2,028
$1,700,207
$2,599,353
5,135,985
$3,007,465
599,651
7,407,403
904,894
8,050,339
929,941
$7,435,843
4,138.532
$10,911,650
$11,987,745
6,713,140
7,429,370
$3,297,310
$4,198,510
$4,558,375
61*52
61-97
Miles operated
-
1881-82.
Earnings—
Passenger
Freight
Mad, express, Ac
Operat’g
expenses
(excl. tax.)
.
Per cent of op. exp. to earngs.
-
fCOME ACCOUNT.
Receipts—
1879-80.
.
1880-81.
$3,297,310
$4,423,719
58,666
69,667
Net income, all sources
Disbursements—
Rentals
Taxes
Int. on debt (all lines)
Dividends on all roads
215,384
2,050,900
823,120
Georgia Railroad deficit
109,743
1881-82.
$4,824,816
52,000]|
!
2,912,327 |\
1,221,692 J1
4,579,808
6,345
$3,112,036
.
*
.
110,000
Miscellaneous
Stock is $3,360,600.
Louisville Evansville & SI. Louis.—Line of road, New Albany. Ind., to
Mt. Vernon, Ills., 182 miles; branches to Jasper & Gentry ville, 72 miles;
total. 254 miles. The road is the reorganized Louisville New Albany
A St. Louis, foreclosed in 1878. In January, 1882. a consolidation was
made with the Evansville Rockport & Eastern, with a total capital of
$6,000,000.
In addition to above, have $2,500,000 incomes due in
1920. John Goldthwait, President, Boston. Mass.
(V. 32. p. 578, 658;
V. 33, p. 468 ; V. 34, p. 32, 115, 204, 549, 604 ; f. 35, p. 103, 131, 211.)
have been:
July 1. 1910
RR.',*52
,
were
Dividend.
L. & N.
Wall 8r.
Louisville A New York.
N. Y., Bank of America.
do
do
L. & N. Y., D., M. & Co.
New York, Agency.
N. Y., Drexel, M. *fc Co.
L. *t N. Y„ D., M. it Co.
N. Y. and Louisville.
1880481.
$
3,260,000
2,479,712
725,386
$
Stocks—Last ’
Whom.
& J
N. Y., Central Pacific.
& J.
& O, New York and Boston,
& 8.
do
do
F. & A.
J. & I).
A. A O.
Various
A. A O.
M. A N.
M. A S.
A. A O.
M. A N.
J. A I).
F. A A.
J. A D.
g.
Payable, and by
pal, When Due
5,000,000
1,000
1,000
...
1880
1881
1879-80.
Rate per
Cent,
$556,000
2,240,000
6,300,211
6,160,059
Floating debt
Outstanding
$1,000
3,200,000
1,881,750
1,157,801
Capital stock
Amount
.
3 SO
288
158
1878-79.
Value.
1882
1880
185
175
175
175
Mortgage, gold, on Chic, it Indianapolis Div
or
Par
1856
1863
1881
1877
1868
1873
1871
1872
1879
210
210
45
180
Louisville New Albany <£ Chicago—Stock
1st mortgage
•
m
172
46
392
392
130
83
115
1st mortgage on New Orleans it Mobile RR
2d mortgage
do
do
Bonds sec’d by pledge of 2d mort. 8.it N.Ala.RR..
1st M., gold, on Southeast.& St.L.RR.,eoup.or reg.
2d mort., gold, on Southeast, it St. Louis RR., ep.
Pensacola Div., 1st mort
Mobile it Montgomery Div., 1st mort.
Pensacola A Selina Div., 1st mort
Pensacola & Atlantic, mort., guar
Louisv. Cin. it Lex., 1st mort.
do
2d mold., coup., for $1,000,000
L. & N. mort. on L. C. it L., gold for $7,000,000...
Car trust liens
•
m
Memphis & Clarksville br.. 1st mort., sterling
Mort. on Ev. Hen. it N., gold
Debentures for recent acquisitions
3d mort., trust, gold, sink, fd., secured by pledge. 1,079
Funded debt
BONDS.
INTEREST
Size,
1880
.
$
AND
great favor by giving Immediate notice of any error discovered In these Tables.
For explanation of column headings, Ac., see notes
2d
STOCKS
RAILROAD
*$4,407,748
Sur.185,274
Sur. 256,840
$4,689,808
Sur. 135.008
$240,869 of this is to be refunded to the L. A N. Co., and is included
in the balance of $256,840.
-(V. 33, p. 124, 201, 225, 322, 358, 385, 412, 439, 468, 469, 716; V.
34, p. 86, 114, 175, 216, 264, 292, 344, 453, 460; V. 35, p.. 50, 88, 96,
103, 266, 373, 403, 427, 430, 431.;
Louisv. N.
Albany & Chic.—Dec. 31, 1881, owned from Louisville, Ky.,
Michigan City, Iud., 290 miles, and 90 miles of the Chic. & Indianap.
Div., Delphi to Maynard Junction—total, 380 miles. The road between
Delphi & Indianapolis was in progress. A lease for 999 years with Chic.
& West. Iud. at $84,000 per year gives entrance to Chicago. The L. N.
A. & C. was opened in 1852 and sold in foreclosure Dec. 27, 1872, and
reorganized without any bonded debt. In Aug., 1881, consolidated
with Chicago A Indianapolis Air Line, and stock increased to $5,000,000,
giving 15 per cent increase to stockholders of record Aug. 31. In 1880
the company sold $3,000,000 of bonds to the stockholders at 20 cents
on the dollar.
The annual report was published in Y. 34, p. 228.
to
1879. 1
1881.
Gross
earnings
Operating expenses
1880.
$947,654
$836,252
717,082
593,343
$696,631
596,657
Net
earnings
$230,571
$99,974
$242,908
—(V. 32, p. 181, 335, 526, 578; V. 33, p. 23, 100, 124,176,255,412,
519, 687; Y. 34, p. 204, 228, 655; V. 35, p. 161, 291.)
Lowell <£ Framingham.—Sept. 30, 1881, the Framingham & Lowell
owned from South Framingham, Mass., to Lowell, Mass., 26 miles.
Road opened Oct. 1, 1871, and was leased from April 1, 1871, to Boston
Clinton Fitchburg A New Bedford RR. Co., and since Feb. 1, 1879,
operated by Old Colony RR. Co.
On Feb. 14, 1880,
a
lease of the
road
to B. C. F. A N. B. Co. for 998 years and 4 months, from Oct. 1,1879,
was ratified.
Sept. 10, 1881, sold at Sheriff’s sale and reorganized
under above name.
The 8 per cent notes are surrendered for exchange
and cancellation, and preferred stock is issued for them and for unpaid
coupons to Oct. 1, 1881.
000 common.
(V. 33, p.
Stock, $500,000, 5 per ct. preferred and
176, 303, 744.)
$500,-
Lykens Valley— Dec. 31, 1881, owned from Millersburg, Pa., toWil
liamstown, Pa., 20 miles; branch, 1 mile; total operated, 21 miles. 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.
Mahoning Coal.—Dec. 31, 1881. owned from Andover, O., to Youngs¬
; branches to coal mines, 5 miles; total operated,43
miles. It was opened May 1, 1873, and leased for 25 years from that
date to L. Sli. & Mich. So, RR., at 40 per cent of gross earnings. Capitan
stock is $1,373,000. The L. S. <fc M. S. Co. holds $399,000 of the bonds
town, O., 38 miles
purchased under the agreement of lease. Net earnings in 1880 (40 per
cent of gross), $85,391, and in 1881, $88,583.
Maine Central.—Sept. 30, 1881, mileage was as follows:
Portland to Bangor, Me., 137 miles; branches, Cumberland
Mainline,
Junction to
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bath to
Farmington, 74 miles; Waterville to Skowhegan, 18 miles; totalownWj
307 miles. Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to
Dexter. Me., 14 miles; total leased, 48 miles. Total operated, 351 miles.
In September, 1882, leased the European A North American road.
EAILEOAD
1882. J
October,
STOCKS
description.
rr^i^ation of column of tables. &c., see notes
headings,
tii-Bt page
Date
Miles
of
of
Road. Bonds
Size,
JZZud: Framingham—1st mortgage bonds
r ulceus
VS&m&d.
*K
coupon
::
BoV,lM$1.100,00<) Umu)A. &- K. RR
Extension bonus, 18/0, gold
Ma ne
Central loan for
$1,100,000
Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Tweeds &
Portland & Kennebec,
do
1st mort., extended
consolidated mortgage
26
21
43
351
304
55
18
109
36
30
71
71
26
1871
1872
...
1872
1860-1
1870
1868
1871
1866
1863
1865
Outstanding
$1,000
100
100 &o.
100 etc.
500 &c.
100 etc.
100 etc.
100 <tc.
100 et(*
100 etc.
100
....
....
Man Beach Impr. Co. (Limited), mortgage Ik
N Y Bay Ridge & Jam. RR., 1st mort. (guar.)...
Manna dan Elevated—Stock, common.
....
8%
32
32
32
pref.. 0 per cent cumulative
preferred (cumulative l)
Metropolitan Elevated, stock
Stock, 1st
Stock, 2d
14
do
do
New
1st mortgage
2d M. (guar, by Manliat’n).
18.
188
York Elevated, 1st mortgage, gold
Marietta & Cincinnati— 1st
1st mortgage, sterling
2d mortgage
3d mortgage
....
mortgage, dollar
188
....
,
Valley RR., 1st mortgage
Balt. Short Line, stock, 8 p. c. guar by M. & C...
do
1st mort., guar, by M. & C
Cincinnati & Baltimore RR., stock
do
do
1st mortgage
.
.
,
*
4th mortgage
Scioto & Hoc king
•
-
•
....
30
30
6
....
....
....
....
....
1878
1879
1876
1861
1861
1866
1870
1873
1864
100
100
100
100
1,000
l.ono
1,000
....
....
....
....
....
....
50
was
published in V. 34, p. 31. The ending of the fiscal year
was
6,500,000
Q.-J.
do
do
do
do
do
do
do
do
do
do
A. et 0. Portland, 1st Nat. Bank.
A. et O. Boston, 2d Nat. Bank.
M. it N. Manchester and Boston.
J. et J. N. Y., Corbin
M. et H.
do
J. et J.
do
6
2.000,000
6
7
7
7 g.
7
8
8
7
4
7
4
7
8,500,000
2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
300,000
1.125,000
J.
M.
J.
F.
F.
M.
J.
A.
M.
J.
J.
M.
J.
/—New York
do
do
New York, Office.
et J. N. Y., Mercantile Tr.Co
et N. N.Y., Central Trust Co.
et J. N. Y., Corn Exeh. Bank.
et A. Balt., R. Garret & Sons.
et A.
London.
et N. Balt., R. Garret et Sons.
et J.
do
do
do
et O.
do
et N.
do
do
et I>.
do
do
it IX Balt., Merch. Nat. Bank
it N.
Cincinnati.
it J. Balt., Balt. & Ohio RR.
Company.—*
Gross
Year.
Bank’gCo
Q.-J.
Q.-J.
Q.-J.
i%
i
500.000
changed
A. et O.
J. & J.
J. et J.
i%
(
10,800,000
1,000
Slocks—Last ’
Dividend.
April 1, 1891
Oct. 3,
Jan. 1,
1890 to 1891
Oot., 1900
July, 1898
July, 1901
July, 1891
Oct. 15, 1883
April 1. 1895
Nov, 1, 1882
Jan.
1, 1897
March, 1909
(?)
.
750,000
Sept. 30. so that no comparison of operations with prior
years was practicable. The report had the following: “ The gross trans¬
portation earnings of the last two years have increased very largely
over those of the two years immediately preceding, as w ill appear from
a comparison of the earnings for these periods.
For the years ending
September 30 they were: 1878, $1,482,770; 1879. $1,465,458; 1880.
M’ntlily
7
7
7
6,500,000
|
Princf
pal,When Duo
Bonds
1882
1902
Aug. 15, 1882
A. <t O. Boston, 2d Nat. Bank. April
1, 1912
7
6
6 g.
7
6
6
6
6
5
13,000,000
This was a
from Dec. 31 to
Whom.
Boston, Old Colony RR.
New York. Treasurer.
& J. N. York, Union Trust Co.
J.
o
1,247,450
consolidation in 1862 of the Androscoggin & Kennebec
In August, 1873, the Port¬
land & Kennebec, Somerset & Kennebec and Leeds & Farmington rail¬
roads were also consolidated with the Maine Central. The annual report
Payable, and by
Q.-J.
7
300,000
500,000
1,000,000
200,000
50
Railroad and the Penobscot & Kennebec.
Where
4,680,000
1,000
....
....
A. & 0.
2%
1,166,700
500 etc.
500 etc.
500 etc.
....
1869
5
1,000,000
....
1877
1879
Payable
633,000
425,000
217,300
....
....
14%
When
Cent.
600,000
1,486,000
3,603,300
3,905,000
1,100,000
496,500
756,800
1,000
....
RR., stock, guar
any error discovered fn these Tables.
Rate per
$500,000
20
80198781
....
Amount
Value.
....
xxxvn
INTEREST OR DIVIDENDS.
or
Par
0781
18
0I1
Valley—Stock
Mahoning Coal.- 1st mortgage,
BONDS.
favor by giving Immediate notice of
Subscribers will confer a great
ior exp
AND
Passengers.
Oct.
Oct.
Oct
2, 1882
.2, 1882
July.
2, 1882
1908
Nov. 1, 1899
Jan. 1, 1906
Aug.
Aug.
May
July
1, 1891
1, 1891
1, 1896
1, 1890
April, 1908
Nov. 1,
1888
(?)
Dec.
1, 1904
(?)
Jan. 1, 1900
Metropolitan Company.—e
Gross
Earnings.
$2,239,489
2,591,785
Passengers.
Earnings.
29.875,912
16,169,269
$1,287,336
34,914,243
25,917,5142,021,190
41,086,849
2.841,631
34,498,929
2,469,444
For the combined roads the summary statement for each of the four
years prior to Oct. 1, 1882, was as follows;
Cash
Period.
Oct. 1, 1878, to Sept. 30, 1879
Passengei's.
4s045,181
Receipts.
$3,526,825
$1,661,779; 1881, $1,877,078. Our ordinary operating expenses have Oct. 1, 1879, to Sept. 30, 1880
60,831,757
4.612,975
necessarily been increased to enable us to do this amount of business, Oct. 1, 1880, to Sept. 30, 1881
75,585,773
5,311,075
but not in the same proportion, and we should be able to exliibt a hand¬ Oct.
1, 1881, to Sept, 30, 1882
86,361,029
5,973,633
some gain in the net results had we not been obliged to make large ex¬
penditures in the nature of permanent improvements, and as they are -(V. 33, p, 24, 47. 74,100, 124, 176, 255, 282, 304, 358, 385, 397, 404,
468, 527, 560, 642, 717, 744 ; V. 34, p. 61, 86, 115, 264, 291, 378, 549,
Charged to the operating expense® this account is unduly increased.”
INCOME
Receipts—
earnings..
Other receipts
Net
Disbursem ents—
Rentals paid
Interest on bonds.
$647,722
8,656
Total income
Balance
-(V. 32, p. 333,
ACCOUNT.
$656,378
$54,000
570,466
Total disbu8ements.. $624,46B
$31,913
658; V. 34,
p.
31
;
V. 35,
p.
160.)
Manchester & Lawrence.—March 31,1882, owTned from Manchester, N.
H., to Methuen (State Line), 22% miles; leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles. Road in
operation since 1849.
Formerly operated with the Concord RR.
as one line,
on a division
of joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a twofifths interest in the Manchester & North Weare RR., w hich is operated
by Concord RR. Ten per cent dividends are paid. Gross earnings in
1880-81, including amount received from Concord Railroad on account
of joint business, $185,641; net, $100,440. In 1881-82, gross, $199,848;
net, $100,199. (V. 32, p. 610 ; V. 34. p. 603.)
Manhattan Beach
Company.—A consolidation under the above title
February, 1880, of the Newr York & Manhattan Beach
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the newr company, amounting to
$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
except about $100,000 of N. Y\ & Manhattan Beach Railway pref.
stock, as also $300,000 2d mort. bonds of the N. Y. & Manhattan Beach
RR. The New York Bay Ridge
Jamaica Railroad is leased and the
bonds and stock are guaranteed. In December, 1881, a lease of the
New York & Manhattan Beach Railway wras made to the Long Island
RR. for 35 p. et. of gross earnings to the lessor, but the sum of $97,500
per year is guaranteed to pay all annual charges. (V. 33, p. 642.)
was
made in
Manhattan Elevated.—This was a corporation formed to lease and operate
the two elevated railroads in New York City.
Its capital stock was
$13,000,000, and it was to pay the interest on the bonds of the two
elevated roads and certain dividends. The original lease guaranteed
10 per cent per annum on the stocks, but this lease was amended in
'October, 1881, by the agreements made substantially as follows: 1. A
tripartite agreement among the three companies that the indebtedness
of the Manhattan
Company to the Metropolitan and New York be can¬
celed, except that the New York company should receive their divi¬
dends due in July and October, and the interest due July 1 on the New
York bonds, the interest on the
Metropolitan bonds also to be paid, but
oo back dividends on
Metropolitan stock; the claim of the Manhattan
Company against the other
663, 688, 714; V. 35, p. 50, 102, 132, 189, 347, 405, 413, 456.)
Marietta <& Cincinnati.—Dec. 31, 1881, owned from Cin. & Balt. June
tion, O., to Main Line June., O., 157 miles; branches and extensions—
Main Line Junction to Scott’s Landing, 31 miles ; Marietta to Belpre, 11
miles; Portsmouth to Hamden, 55 miles; Blanchester to Hillsboro, 22
miles; leased—Cin. &Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
placed in the hands of Mr. John King, Jr., of the Balt. & Ohio, June 27
1877, and a foreclosure suit was afterward begun. The Marietta & Cin.
Co. guaranteed the stock and bonds of the Baltimore Short-Line Rail¬
way, and when in default on its own bonds this rental of the Baltimore
Short-Line and the rental of the Cincinnati & Baltimore Railroad
were
paid.
The coupons overdue on bonds Doc. 31, 1880, were six on 1st
mort., $735,000; seven on 2d mort., $612,000; eight on 3d mort.,
$960,000; seven on 4th mort., $1,120,000; total, $3,427,000. The capi¬
tal stock is as follows: First preferred, $8,105,600; .second preferred,
$4,440,100; common, $1,386,350. The amended plan for reorgauiza
tion is given In Chronicle, V. 34, p. 408, involving assessment on stock.
From Oct. 31, 1879, the Receiver’s report showed that the income in
14 months ending Dec. 31,1880, was: Gross earnings, $2,477,634; net
earnings, $328,133; taxes and rentals were $538,512 ; deiicit, $210,379.
Suit for foreclosure is yet pending.
(V. 32, p. 16, 145, 231.526; V.
33, p. 255, 304, 469, 642 ; V. 34, p. 204, 291, 408; V. 35, p. 44, 212; V.
35, p. 236.)
Marquette Houghton <£ Ontonagon.—Dec. 31, 1881, owned from Mar¬
quette, Midi., toL’Anse, 63 miles; branches, 27 miles; total operated, 90
miles. This was a consolidation Aug. 22, 1872, of the Marq. & Ontonagon
Railway and the Houghton & Ontonagon Railway. The company made
default on its bonds, and issued the present 6 per cent bonds in exchange
for prior 8 per cent bonds. Tne stock is $2,306,600 common; preferred
is $2,259,026, on which 4 per cent dividend was paid Aug. 15, 1882.
The lands amounted to 425,000
acresr mostly timber and mineral
hands, and in May, 1881, were sold for $2,500,000, and $1,750,000 6
per cent bonds called in. In May, 1881, a circular was issued offering
to stockholders the privilege of subscribing to the stock of
a land
company.
See V. 33, p. 47.
Operations and earnings have been:
Gross
Freight (ton)
Mileage.
Mileage.
Earnings.
88
15,816,466
$566,453
1,030,290
88
552,671
1,130,678
15,124,336
88
771,538
1,615,903
20,804,176
90
23,477,533
893,638
2,033,885
—(V: 32, p. 552, 578; V. 33, p 47, 154; Y. 35, p. 50, 347.)
-
Years.
Passenger
Miles.
Net
Earnings.
$299,182
277,157
405,719
433,756
.
Massachusetts Central.—Boston, Mass., to Northampton, Mass., 104
miles; branch,13 miles; total as projected, 117 miles. Leased to Boston
two to be withdrawn; and then the net & Lowell for 25 years, at a rental of 25 per cent of gross earnings,
earnings to be distributed as follow's: First, 6 per cent on New York and to be completed as specified. Stock, $3,273,033. In April, 1882,
stock, then 4 per cent on Metropolitan stock, provided that road should company became embarrassed and new plans were proposed. See refer¬
earn it; then 4
ences in V. 34. (V. 33, p. 469; Y. 34, p. 574, 637; V. 35, p. 78,132, 430.)
per cent on Manhattan stock, and then all the remain
log surplus to be equally divided between the three parties to the com¬
pact. 2. A
Memphis & Charleston— June 30, 1881. owned from Memphis to
supplementary contract wras made immediately after be¬
tween the Metropolitan and Manhattan
representatives, by which it wTas Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Pjro^ided that the Metropolitan Company should have a preference over Florence 5 miles, to Mississippi River 1 mile; total operated, 292
tne Manhattan to the
extent of 6 per cent out of its own earnings, and miles. This road was leased June 2,1877, to the East Tennessee Vir¬
ni consideration
of this to relinquish ail claims to any proportion of the
ginia & Georgia Railroad for twenty years from July 1, 1877. The
surplus of either road, thus giving to the Manhattan Company a claim lessees were to operate the road on their own account and apply the net
to two thirds of
the surplus earnings, its own share and that of the
earnings to interest and pajr the balance, if any, to the lessors. The
^troP°litun Co. This was further the stocks of tli# other
supplemented by an agreement of lease was terminable on 6 months’ notice and was modified in December,
4, 1881, for the surrender of
companies 1879, the M. <t C. Company giving up their right to terminate the lease,
issue of new stocks by the Manhattan Company, as follows: and the lessees agreeing to buy the coupons for three years following in
tvxt
York Elevated stockholders, $6,500,000 of first preferred 6 per case the M. & C. earnings should be insufficient to pay them. Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State
nrAf 9toSr cumulative; to Metropolitan stockholders, $6,500,000 second
preierred 6 per cent stock not cumulative; and to Manhattanstock- lien for $1,736,906. assigned to a trustee. In 1882 the stock was to be
to
Virginia
Georgia, but this failed, and
'^av8^1Elevated stock was stock. (See full contract, V. 33, p. 560.) sold the the EastE.Tennessee Ga. was to&be bought out by this company
3,000,000 of common
lease to
T. Va. &
mostly surrendered and exchanged, but then
luetropehta.n stockholders held out against it.
and canceled, and new stock to amount of $5,312,725 was to be issued
,C0Iupany went into receivers’ hands July 15, 1881. The state- for this purpose at 12 per cent of its face value to stockholders of record
thaf
"^Mr. Cyrus W. Field in V. 34, p. 61, showed gross earnings for Oct. 10, making the oid stock a preferred issue. See references below
the two
elevated roads as follows:
to the Chronicle. Earnings for four years past were as follows:
V
RAILROAD
xxxviii
STOCKS
of column headings, Ac., see notes
on first page of tables.
For explanation
187-920
^
Marquette R.
0— 1st mort.,M.AO., coup.
M/H. & O. mortgage
Mass. Central—New mort., gold, (for$3,500,000)...
Memphis ** Chn.rle.ston.—Stork
istTmortgaga, Ala. A Miss. Div. (extend, in 1880).
2d mortgage
Consol. M.,g.
($1,400,0001st M. on 91 m. in Tenn.)
Memphis dk Little Rk— 1st M. (paid $50,000 yearly)
General mort., land grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.)— 1st 31. ($32,000 p. in.).
Income bonds, convertible, not cumulative
Mexican National Railway (Mexico).—1st M., gold..
Mex. Oriental Inter. <£ Inter'l—Stock ($20,000 p.m.)
Michigan Central— Stock
Consolidated mortgage
Michigan Air Line mortgage...
do
do
1st mort.,assumed by M.
C—
Equipment bonds
..
Grand River Valley, stock, guar
»
1st mort., guar. 5
Detroit A Bay City 1st mortgage,
endorsed
Mort. on Detroit A Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
do
1st mortgage
do Cons. m. on whole line (300m.)
do
do
do
....
....
....
949
284
103
10
Miles.
292
82
39
39
84
84
145
145
116
....
Middletown Unionville db Water Ga)>— 1st mortgage.
Midland No. Carolina—1st mort. ( for $ 10,000,000)
Milw.Lake Shore A West—Northern Div., 1st mort.
Consul- mort., gold (for $5,000.000)
Income bonds (not cumulative)
Years.
....
....
M. C. bonds, mort. on Grand River Valley RR.
Kalamazoo A South Haven, 1st mort., guar
do
2d mort., guar
do
do
Date Size, or
of
of
Par
Road. Bonds Value.
50
90
116
292
181
272
292
133
133
236
298
13
....
100
311
Gross Eara’gs,
$862,513
292
—(V. 32, p. 526, 552; V. 33, p. 553, 560; V.
V. 35, P- 189, 212, 236, 298, 373, 405, 431.)
34, p.
1,000
1,000,000
1,958,000
250,000
2,600,000
1,000
1,000
250 Ac.
13,536,500
(?)
1,000
1,000
1,000
....
-
18,317,000
(?)
...
100
....
1872
1870
1870
1874
1879
1869
1870
1,000
1,000
1,000
491,200
1.000,000
1866
1872-3
1,000
1881
1,000
1865
1867
1871
1880
1866
1881
1879
1881
1881
1,000
8
8
5
8
8
8
3,526,000
1,024,000
68,000
1 943,000
1,100,000
400,000
15,000 p. m.
1,000
1,000
1,000
....
....
6
7 g.
6
7
6
6
199.000
1,000
1,000
3,456,000
L000
600.000«
7
Net Earn’es.
.
$231,038
.
.
Yearly-’81-’83
July, 1907
Boston.
July 1, 1911
do
July 1, 1911
Office. 47 William. July 1, 1912
Y., L. Borg, 35 Wall.
1
.
.
Jan. 1. ]915
Jan. l, 1885
Jan. 1, 1915
A. A O, N. Y.
Grand Central
M. A N. N.
J. A J
M. A N.
A. A O.
M. A 8.
M. A N.
M. A N.
J. A J.
J. A J.
M. A N.
M. A S.
J. A J.
J. A J.
M. A S.
M. A 8.
mm
m
m
.
.
.
.
Depot.
Aug. 1. 1881
May 1,1903
Jan. 1,1890
Nov. 1, 1890
April 1, 1883
Y., Union Trust Co.
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
1909
Nov. 1, 1889
Nov. 1. 1890
July, 1882
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept. 1, 1891
Sept. 1, 1891
Middleto’n,N.Y.,lst N.B
Company’s Offices.
M. A S. N. Y., 8. S. Sands A Co.
New York.
M. A N.
1886
1921
Mar. 1, 1909
May 1, 1921
May l, 1911
operations and fiscal results.
1878.
Operations—
262,924
N.
Q.-F.
2hj
424,000
....
1879.
1881.
1880.
Passengers carried...
1,699,810
1,373,530
1,445,655
2,079,289
511,345 Passenger mileage
283,614 Rate|) pass’ger$ mile 79,684,072 93,232,430 115,523,789 135,706,148
2-41 cts.
2-13 «ts.
2-07 cts.
2-21 cts.
265, 292, 409, 714; Freight (tons) moved. 2,786,646 3,513,819
3,797,137
4,196.896
...
Freight (tons) mileage548,053,707 721,019,413 735,611,995 790,022,930
$ ton $ mile • 0-848 cts.
0-692 cts.
0-842 cts.
0 718 cts.
Earnings— e ■
$
$
$
$
Passenger
1,918,609
2,062,265
2,461,771
2,812,706
4,646,248
Freight
4,986,988
6,195,971
5,675,731
Mail, express, Ac
307,237
297,541
293,633
312,050
Total gross earnings.
8,951,375
8,800,487
6,872,094
7,346,794
Av. rate
has a
had been certified to it to June 30, 1881.
Th*
eneral mortgage carries 8 per cent interest after July, 1882. In April,
880, 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
default, and Mr. Marquand then offered to pui'chase the coupons, hold¬
ing them as a lien against the company, but afterward the coupons
were paid.
Mr. Russell Sage obtained a judgment against the com¬
pany (see V. 35, p. 22.)
F. A. Marquand is President, New York City.
—(V. 34, p. 204, 265, 292, 378; V. 35, p. 22.)
Operating Expenses—
150.000 acres
Maint. of way. Ac....
Maint. of equipment.
$
904,613
623,730
2,455,164
Taxes
204,497
Miscellaneous*
363,075
201,682
514,403
4,699,592
2,647,202
Transport’ll expenses
$
1,226,536
670.006
2,824,901
197,255
820,053
5,738,751
3,212,624
64-11
$
1,627,919
825,196
3,431,244
215,802
631,935
4,367,238
6,732,096
2,504,856
2,068,391
63*55
63*97
76-50'
P-Ct.op.exp.to earn’gs
*
Includes legal expenses, rentals, loss and damage or freight, injuries
Total
Net earnings
to persons, car
capitalists. Whole line when completed will be (1) the main
line, from the City of Mexico to El Paso; (2) from Tampico westerly
through San Luis to the main line ; (3) from the main line to the City of
Guadalmara. and thence to Pacific Coast at San Bias. The company has a
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, payable in certificates with which 6 per cent of customs duties
have to be paid. The first mortgage bonds were issued thus: $5,000
with $1,000 income bond and 40 shares of stock for $4,500 cash. The
stock authorized is $32,000 per mile. Tlios. Nickerson, President, Bos¬
ton.
(V. 33, p. 193, 469, 716; V. 34, p. 61, 147, 204, 291, 344, 407,
435 ; Y. 35, p. 132, 320, 348.)
mileage, commissions, and several small items.
INCOME ACCOUNT.
1879.
1880.
1881.
Net earnings
Interest & dividends.
$
2,504,856
119,664
$
2,647,202
68,634
$
3,212,624
134,374
$
2,068,391
133,845
Total income
2,624,520
2,715,836
3,340,99.}
2,202,236
Boston
Mexican National Railway (Mexico).—This is the road building from
Laredo to City of Mexico, 817 miles, of which about 400 was finished
by Oct., 18&2, under the Palmer-Sullivan concession, from Mexico,
"mis includes a subsidy of $10,000 per mile of road secured by 4 per
cent of the Government receipts from customs. With this subsidy the
bonds will be drawn for redemption at par. Statements at some length
as to the company's affairs were in the Chronicle, V. 33, p, 717; V.
34, p. 204. Bonds for $1,000 with stock for $1,000 were issued for
$1,050 cash. The road is built by the Mexican National Construction
Co. In Texas 167 miles of the Texas Mexican Road from Corpus Christi
to Laredo connect with this road and are operated with it.
(V. 33, p.
193,716,717; V. 34, p. 204, 231, 604; V. 35, p. 50, 103, 265, 291,
320.)
Mexican Oriental lnteroceamc <£ International.—This company is
ormed to build from Laredo to City of Mexico, 600 miles, in connection
with the Gould system ot roads terminating at Laredo, and a traffic
agreement from them of 25 per cent of gross earnings. See V. 34, p.
605. The Mexican Government grants a subsidy which it is $aid will
net $12,000 per mile. See circular of Mr. Gould/as President of Mo.
Pacific, in V. 33, p. 687, 716. (V. 34, p. 489, 605 ; V. 35, p. 320).
Michigan Central— Dec. 31, 1881, owned from Detroit, Mich., to Ken¬
sington, Ill., 270 miles ; used jointly with Ills. Central, Kensington to
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Lansing A Saginaw, 236 miles; Grand River Valley, 84 miles; Kala¬
mazoo & South Haven, 40 miles; Joliet A Northern Indiana, 45 miles;
Niles & New Lisbon, 11 miles; Detroit & Bay city Road, 145 miles;
total operated. 949 miles. The leased lines have been largely assisted
by the Michigan Central Company. The Vanderbilt party took posses¬
in June, 1878.
The income statement for first half of 1882 (V. 35, p. 22),
$
854,554
648,718
2,296,394
Mexican Central (Mexico1).—April, 1882, owned from Mexico City to
Irapuato, 219, miles; El Paso del Norte southward, 122 miles, and 20
miles of Tampico Division ; total, 361 miles. Under the management of
showed net
balance of $27,500, against $442,000 in 1881.
The annual report for 1881 in Chronicle, V. 34, p. 518, said; “The
freight traffic shows an increase of 54,400,000 tons moved one mile, or
7‘40 per cent over the previous year; while the earnings, on account of
the prevailing low rates incidental to the sharp contest between the
trunk lines, from the effects of which this company could not separate
itself, record a decrease of $520,000, or 8 40 per cent. Had the rate of
1880 been obtained on the traffic for 1881, the net revenue therefrom
would have been $970,000 (equal to over 5 per cent on the capital
stock) greater than it now is, The passenger traffic also shows an in¬
the previous year of 20,200,000 passengers moved one mile,
or 17 47 per cent, and of earnings $350,900, or 14-26 per cent,
The
opeiating expenses show an increase over those of 1880 of ${#93,000, or
17 31 per cent, which, however, is very favorable when compared with
the increased cost of labor, materials and fuel, which is 27 per
June 1, 1892
Mar. 1. 1908
Jan. 1, 1900
J. N.Y., Metropolit’n N.Bk
J.
do
do
J.
do
do
N. N.Y., H.Talmadge ACo.
A J.
J.
8
8
70,000
100
A
A
A
A
Tanu’ry
8
8
8
6
500,000
640,000
1,000
303,999;
1881, gross,
t1,500,000. ingrant1880 gross$765,840; net, $189,513. ofThe earnings
in from Congress of 1,000,000 acres, net company
earnings were $658,852; which about
land
cent.”
Dividend.
J.
J.
J.
M.
7 A 5
556,000
1,000
Memphis <6 Little Rock.—Dec. 31, 1881, owned from Little Rock,
crease over
Slocks—Last
....
200,000
1.000
Ark., to Memphis, Tenn., 135 miles. Default was made November, 1872,
and the property sold in foreclosure. The new company also defaulted,
and the road was sold and reorganized April 28, 1877. The stock is
sion
pal,When due.
J. A D. Boston, N. Eng Tr. Co.
M. A S.
do
do
J. A J. Boston and New York.
i
18,738,204
10,000,000
1,900,000
1,000
....
by
5,312,725
1/264^000
1881
Where Pavable and
Whom.
Payable
7
7
7 g.
8
4
7
3
6 g.
646,200
2,541,000
....
....
When
8
6
6 £•
$1,445,500
25
1,342,082
1,323,614
292
Rate per
Cent.
Outstanding
1,000
1854
1867
1877
1877
1877
1881
1,003,271
292
Amount
$100Ac.
1872
1878
1880
Bonds—Prinoi-
INTEREST OR DIVIDENDS.
|
Miles
fVoi,, XXXV.
Immediate notice ot any error discovered in these Tables.
Subscribers will confer a great favor by giving
DESCRIPTION.
AND’j BONDS.
1878.
Receipts—
TV/
pvt
Ac—
Rentals paid
Interest on debt
749,528
Dividends
Do
184,310
1,431,640
rate per ct.
Miscellaneous
Balance, surplus
4
184,310'
1,403,472
1,030,601
5*2
.
8
70,000
97,840
161,202
184,310
1,385,120
1,499,056
97,453
184,310
1,509,616
468,455
2Lj
40,855
208,512
3,346,998
2,202,236
2,715,836
The Jackson Lansing & Saginaw debt is assumed by Michigan Central,,
which also pays $70,000 per year on the Stock of $2,000,000, one-third
of whicli it owns; the proceeds of J. L. A S. lands go to pay bonds,
and in 1881 sales amounted to 45,667 acres, for $645,953, leaving
363,214 acres unsold, valued at $2,724,105. Interest was passed on
the Detroit & Bay City bonds, not guaranteed, November, 1875, and
sale was made Feb. 12, 1880, for $3,625,750. In March, 1881, the
Michigan Central bonds for $4,000,000, secured by mortgage on that
road, were issued.—(V. 32, p. 205, 368. 437, 497, 5il, 679, 686; V. 33,
p. 225, 358, 709, 744; V. 34, p. 518, 617, 637; V. 35. p. 22, 431, 456.)
Total
2,624,520
Mid¬
Middletown Unionville <& Water Gap— Dec. 31, 1881, owned from
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
June 10, ’68.
Is leased to the N. J. Midland RR. at a rental of 7 per
on stock ($123,850) and interest on b’ds.
G. Burt, Pres’t, Warwick,
cent
N.Y.
Midland North Carolina.—J sen. 1, 1882, owned from Moreliead City to
Goldsboro, 95 miles, and constructing to Salisbury, 150 miles further.
Total projected line is 565 miles. Stock, 5,000,060. American Loan &
Trust
Co., Boston, is trustee. ,(V. 34, p. 461; V. 35, p. 51.)
Milwaukee Lake Shore & Western— Dec. 31, 1881, owned from
Milwaukee, Wis., to Summit Lake, Wis., 225 miles; branches—Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland
Junction to Wausau, 23 miles; total operated, 276 miles. The company
defaulted on the interest of its bonds in Dec., 1873. and on Dec. lvf
1875, the property was sold in. foreclosure for $2,509,788 and pur¬
chased by bondholders.
The reorganized company has $5,000,0W
preferred stock and $2,000,000 common. A consolidated mortg^e
$5,000,000 is issued to take up all other debts, and the balance for
In addition to above, there are $87,000 divisional
outstanding, Pref. stock has a prior right to 7 per ceut from net
earnings. The annual report for 1881 was given in V. 34, p. 713.
for
extensions, Ac.
bonds
1880 gross earnings were $427,751; net earnings, $154,487.
gross, $637,485; net, $212,659.
(V. 32. p. 232. 288, 569,
657; V. 33, p. 580;*V. 34, p. 115, 177, 655, 713; V. 35, p.
In lyt’A
578,63b,
189. 3.3,
374, 431.)
Milwaukee d■ Northern.—Jan. 1,1881, owned from Green
to Schwartzburg, Wis., 104 miles; branches—Menasha and
Bay, Wis.,
Appleton to
Hillbert, Wis., 22 miles; total operated, 125 miles. The new bonas
carry 4 per ceut for one year, 5 per cent for one year and 6 thereafter.
June 5, 1880.foreclosure was made and road sold for $1,500,000. ino
stock is $2,155,000, same as bonds. It is leased to Wisconsin Centra
at a rental of 37Lj per cent on gross earnings, terminable by eitue
.RAILROAD
1892.]
October,
Subscribers
will confer a great favor by giving
DESCRIPTION.
Fnr exi
For explanation
on
of column headings,
jjrst page of tables.
&e.,
see
Date
of
Bonds
notes
Northern—1st mortgage.
gVzZnn/ic Schuylkill Haven—Stock..
d St L —1st M., Min. to Merriam June.
^i«Muortga‘,e. Merriam Junction to State Line ..
orti 'Minneapolis to White B. Lake, guar..
1st mortsaWv i.’olil. eonp. (At. Lea to Port Dodge)
Ka-'eon Southwestern extension
Sortie on Lake Superior Extension
2d mort. bonds, income, 5 A 10 years
imortgage, gold, Pacific Extension
vrisfiissivmd Tennessee- 1st mortgage, series “A”.
1st mortgage, series “ B, ” (a seeoud.lien)
Missouri Kansas d I’exas—Stock
1st m "Old, sink, fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
Consolidated mortgage, gold, on road and land...
2d mortgage, income (interest cumulative)
Roonoville Bridge bonds, gold, guar
General consol. M.,gold (for $15,000,000)
- East Line A Red River
Hannibal & Central Missouri, 1st mortgage
120
07
27
03
15
102
53
21
172
Milwaukee d
Jtfine Bill d
Intermit.
100
100
1,003
182
100
780
780
1,310
2d mortgage—...
do
do
02
A Gt. North’ll, 1st mort., gold
do
do
2d mortgage
Colorado Bridge bonds
'
Pacific—Stoek
mortgage, gold
70
731
731
1877
1877
1877
1879
1880
1880
1881
1881
1877
1877
per annum)..
oj
Consol. M., gold, for $30,000,000 (coup, or
Carondelet Branch, 1st mortgage
reg.)..
Omaha Branch ($20,181,000)
Missouri River RR., 1st mort
Leavenworth Atch. & N. W., 1st mort., guar
Mortgage on
723
283
283
Size,
$2,155,000
4,022,500
Last
Dividend.
Phila.M.H. AS. II. R.Co,
N.Y., Continental N.Bk,
1,000
280,000
1,000
1,015,000
1,000
1,000
1,000
1,000
1,000
630,000
246,000
500,000
930,000
976,000
1,000
June 1,
July 14,
Jan. 1,
Feb. 1,
N.Y.,Merch.Excli.N.Bk.
950,000
1,000
Payable
455,000
500 Ac.
do
do
do
1910
1882
1907
1927
Jan. 1, 1907
June 1, 1909
do
do
do
New York,
do
T
Dec. 1, 1910
June 1, 1910
Jan. 1, ’86-’91
N.Y., Continental N.Bk.
New York
N.
April 1, 1921
April 1, 1902
July 1, 1902
Y., Imp. A Trad. Bk.
do
1,003,000
do
44,652,000
349,000
14,772.000
914,000
12,470,000
447,000
768,000
32,000
800,000
1*00*0
Schuylkill Haven.—Nov. 30, 1881, owned from Schuylkill
Haven. Pa., to Locust Gap, Pa., with branches, 66% miles. Road was
leased May 12, 1864, to the Philadelphia & Reading Railroad Co. for 999
years at a rental of 8 per cent on
no
and 7 per cent dividends are paid. Operations not separately
debt
reported
Q.-j.
245,000
M. A N.
M. A N.
A. A O.
(?)
205,000
190,000
Jan., 1899
June, 1903
1904-1906
April 1. 1911
May 1. 1906
Dec.
1, 1920
1900
May 1, 1890
May 1. 1892
1, 1919
Nov.
1909
1920
Oct. 2,
New York, Office.
1882
Aug., 1888
July, 1891
May 1, 1892
Feb., 1885
N.Y., Mercantile Tr. Co.
do
do
St. Louis.
do
do
linout’ly
N.Y., Mercantile Tr. Co.
A. A O.
5,169,000
do
do
do
do
Nov., 1920
1, 1893
Oct.
,
N.Y., Mercantile Tr. Co.
cent for 1879 was
paid
on
do
do
1, 1889
Oct.
these and for 1880 5 per cent, and afterward,
option was given to exchange these for the new 6 per cent second
mortgage bonds, and most of them were exchanged, leaving only $370.000 out Oct, 1882, which amount is included under 2d mortgage bonds
above. Internat. A Great Northern earnings in 1881 were $2,837,897;
net, $731,588. Prices of Missouri Kansas & Texas stock have been:
the
March
June
...
....
3938383s361235123J
-
35%
26%
263s
29
28i4
34V 2678
48
-
1881.
51 °8- 40^4
1882.
1881.
1882.
Jan
Feb
April
May
Hart’s Ford Branch, 3 miles ; leased, White Bear to Duluth, 145 miles
total operated, 506 miles. In June, 1881, a consolidation was arranged
with $2,000,000 of stock. (See V. 32, p. 613.) Gross earnings for year
J. N. Y., Company’s Office,
do
do
D.
A. N.Y., Mercantile Tr. Co.
N. Y., Co.’s Office,
O.
do
do
N.
do
do
D.
D.
N. New York, Co.’s Office,
do
do
N.
do
do
N.
do
do
S.
A
A
A
A
A
A
A
A
A
A
A
:f. A a.
J. A J.
IM. A N.
700,000
3,828,000
1,000
1,000
1,000
and on Feb. 1,1882, the lessee gave such
earnings, 1879, $383,251; net, $136,033. Gross in
net, $175,053. Gross in 1881, $530,250; net, $198,944
—(V. 32, p. 335, 437; V. 34, p. 147 ; V. 35, p. 51, 103, 291.)
i
7,000,000
2,573,000
1.000
1870
M.
M.
M.
M.
7,954,000
7,054.000
500 Ac.
21
P.
A.
M.
J.
J.
8,128,219
1,000
147
J.
2,296,000
225,000
30,000,000
Too
notice.
Gross
1880 $470,861;
inoluded in lessee’s returns.
Stocks-
and by
Where Payable,
Whom.
50
1808
1,000
1870
1,000
1.000
1871-3
500 Ac.
1870
1873
1,000
1880
1,000
1880
1*000
1870
1872
1,000
1879
1,000
188 L
500 Ac.
the capital stock. There is
When
$1,000
1*00*0
15%
Rate p er
Cent.
Bonds—PrincC
pal,When Due,
Outstanding
nertvonG months’notice,
Mine Hill d
Amount
Par
Value.
1876
1880
1873
1882
209
708
|
INTEREST OR DIVIDENDS.
or
100
1808
1871
1872
xxxix
Immediate notice of any error discovered in these Tables.
•
1880
JMissouri
1st
2d mortgage (sinking fund $50,000
Real estate (depot) bonds
Debt to St, Louis County (no bonds)
*70
1880
BONDS.
AND
STOCKS
4012
41V 333*
42%- 37%
July
50%- 393s
AllgllSt
Sept’ber.
..
473s- 42%
47 3*- 43
54 - 44%
533s- 49
4538- 37
44
41%- 37%
October..
'
-
Nov’her
Dec’ber..
39%
36%
1881 was issued, but the returns
1878.
1879.
1880.
786
Miles of railroad
-
44% 38%
4130- 34%
-
.
No pamphlet report of M. K. A T. for
to Poor’8 Manual had the following:
42
786
870
1881.
1,003
net, $265,805. The bonds of the $1,100,000
$
$
$
$
Earn’QS d expensesfrom 1.101 to 1,400, for $500 each ($150,000
820.201
714.7U
1,058,054
766,602
by the Burlington Cedar Rapids A Northern Passenger earnings.
4.050.119
3.110,461
2,455,864
2,039,928
Railroad. The bonds on the 15 miles were issued by the Minneapolis Freight earnings
232,389
173,677
252,663
175,152
& Duluth Railroad before it was absorbed by this company. Preferred Miscell. earnings
stock of $8,000,000 is authorized and $4,000,000 issued; common stock,
3 344,292
4,161,671
5,360,837
Gross earnings..
2,981,632
$12,000,000 authorized and $6,000,000 issued; par of both $100 per
2,616,046
3,299,541
2,383,085
2,072,751
share. The projected Southwestern extension runs from Fort Dodge, Expenses, taxes, Ac.
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Net earnings
2,061,296
593,592
1,271,541
1,545,625
Bluffs, 140 miles. W. D. Washburn, President. (V. 32. p. 121, 500, 569,
250,109
149,622
228,333
612; V. 33, p. 201, 470, 528 ; V. 34, p. 62, 521, 548, 549; V. 35, p. 405.) Imp.,eng.,car hire, Ac
Mississippi d Tennessee—September 30, 1881, owned from Grenada, Available revenue
348,483
1.043,208
1,545.625
3,449,163
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt —(V. 32, p. 101, 183, 205, 335, 421, 469, 526, 552, 613. 652. 659. 6 .
in 1877.
three years past
was consolidated as above
Earnings for
686; V. 33, p. 47, 74, 201, 358, 40 4. 412, 470, 589, 716, 736 ; V. 34
•
were:
1878-79. gross,
$373,687; net, $169,955; 1879-80, gross 292, 344, 378, 522, 625, 714 ; V. 35, p. 77, 133, 291, 320.)
$525,489; net, $269,379; 1880-81, gross, $492,186; net, $194,346. (V.
Missouri Pacific.— This was a consolidation in August, 1880, embracing
34, p. 59.)
1881 were $1,071,183;
mort. (1877), numbered
in all), are guaranteed
....
....
...
Missouri Kansas d Texas.—Dec. 31, 1881, owned from Hannibal, Mo
toDeuison. Texas, 576 miles; branches—Parsons, Kan., to Junction City,
Kan., 157 miles; Whitesboro, Tex., to Ft. Worth, Tex., 71 miles; Ft.
Worth, Tex., to Hillsboro, Tex., 55 miles; Denison. Tex., lo Gainesville
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; total, 1,003
miles. International A Great Northern, March, 1882—from Longview,
Texas, to Houston, Texas, 236 miles, and Palestine, Texas, to Laredo,
Texas, 415 miles; branches—Longview to Jarvis. 29 miles; Houston to
Columbia, 50 miles; Phelps to Huntsville, 8 miles; leased—Round Rock
to Georgetown. 10 miles; Henderson to Overton, 16 miles; total oper¬
ated March, 1882. 760 miles.
The Missouri Kansas A Texas Company was organized April, 1870,
and embraces by consolidation the Union Pacific—Southern Branch, the
lebo & Neosho and other minor companies.
In 1874 the Hannibal A
Central Missouri was purchased. The company piade default on their
consolidated bonds in l)ee., 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 Missouri Kansas A
Texas bonds and Union Pacific Southern Branch bonds till 1881 received
5per cent only in cash and balance in scrip. The company had a land
3,622,400 acres subject to the extinguishment of the Indian
The Booneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17, 1880, stockholders
voted to increase stock by $25,000,000, to make extensions to Rio
Grande River and City of Mexico and Fort Smith, Ark. The general
lemtorv ot
title.
consolidated mortgage is at $20,000
per mile on all road built and to
Rebuilt; of which $18,217,000 is reserved to take up first consol, and
pnor bonds; $10,000,000 reserved to take up income bonds and inter¬
net, with bonds uuder this mortgage which may carry less than 6 per
cent interest. At end of 1881 there were outstanding, in addition to
*7e’ $->003,262 income coupons 6 per cent scrip.
At a
meeting of stockholders May 18, 1881, a lease to the Missouri
Pacific for 99 years was ratified on terms following:
That the
lessee operate the road and
pay the obligatory mortgage interest, payover the balance to the
Missouri^Kansas A Texas Company. If there
w a deficit in income the lessee
may advance money to pay interest, or
m case of
failure to make such advance the Missouri Kansas A Texas
can resume
possession
ihe International A
of its road. (See V. 32, p. 613.)
Great Northern Railroad was
company in May, 1881,
*Ansas
A
oy an
merged with this
exchange of two shares of Missouri
A Great Northern.
consolidation of the
Houston A Great Northern Railroad and the International RR. of Texas
onoept. 22,1873. The company made default on its bonds, and a RePne
Texas
for
one
of
International
International A Great Northern
was
a
the Missouri Pacific, St. Louis A Lex., Kansas City A East, and Lex. &
South, in Missouri; and the St. Louis Kan. A Ariz. and Kan. City Leav_
In May, 1881,
A Ateli. in the State of Kansas—Dee. 31,1881,904 miles.
the St. Louis Iron Mountain A Southern was taken in, 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,
Ark., to Camden, Ark., 3 4 miles ; total, 723 miles.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and a new company organized with a stock of $800,000.
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, amounting
$20,184,000. The remaining $9,816,000 are issued as may be re¬
quired for finishing, constructing, purchase, acquisition, Ac.
The St. Louis Iron Mountain A 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. stock is
held by Missouri Pacific.
In August, 1881, a circular was issued
giving holders (Aug. 8) of ten shares Mo. Pae. stock the right to take
one snare in the Hudson
River Contrasting Co., to build 250 miles of
new road from Kuobel, on northern line of Ark. to La. State line, in
Ashley Co., under the Cairo A Fulton charter.
No animal report for Missouri Pacific was issued for the year 1881,
but the following is from returns made to Poor’s Manual:
Earnings
$8,640,957
Expenditures.
3,628,154
to
$5,012,802
Net earnings
Payments: Rental of leased lines, $78,500; interest on bonds, $1,295,371; other interest, $49,000; dividends (April, July, Oct. and Dec. 31,
1881. 1% per cent each), $1,524,167; other payments, $524,465; total,
$3,471,503.
Balance, surplus, $1,541,299. Surplus from last year,
>2,516,457.
Balance to credit of income account Dec. 31, 1881,
>4,057,756.
GENERAL BALANCE SHEET DEC. 31, 1881.
T*iabilities.
A8BCt8.
Construction A equip. $33,555,939
Real estate
Stocks and bonds
Materials and fuel....
Current accounts
Cash on hand
73,766
20,300,866
1,091,763
6,463,138
585,540
Capital stock
Funded debt
$29,955,275
20,664,000
Sundry accounts
6,941,926
Bills payable
Profit and loss
4,057,756
Total liabilities
Total assets
$62,071,014 |
The St. Louis A Iron Mountain road
and finally made a compromise with
*
'
451,956
$62,071,014
defaulted on its interest in 1875
its bondholders, issuing the first
t?,i eLwa8 appointed in April, 1878. Sales in foreclosure were made pref. income bonds due in 1891-95-97 and 1914, the overdue coupons on
nog
au(^ Oct. 14, 1879. In the reorganization the lands of the coni mortgage bonds, the coupons not being canceled but held in trust as
amounting to about 5,000,000 acres, were conveyed to the security. The 2d pref. income bonds, due 1914, were issued to holders
wh? i mor%a*e bondholders in full settlement for their lien on the road, of consolidated mortgage bonds, and those bonds deposited as security.
Interest to Dec.
lias
the income
for11 w78 taercby discharged. The 8 per cent income bonds were issued nothing since, and31, 1879, been been paid on to compel thebonds, but
ur one-half
of old mortgages and overdue interest. Interest at 4 per
suit ha9
commenced
payment
Subscribers will confer a great favor
explanation of column headings, &c., see notes
on first page of tables.
Missouri
Date
of
of
Road. Bonds
Size,
210
310
99
71
304
34
56
56
85
Amount
Value.
Outstanding
$....
i ,ooo
1,000
6,000,000
2,500,000
1.000
1.000
1,000
1,000
10,000,000
1,966,000
1,000
100
M.City)
—
sinking fund
•
•
•
•
22
38
110
150
132
84
84
....
,
Special real (‘state mortgage
1878.
1,000
1,000
1,000
1,000
54
100
1873
Passengers carried...
for four years are as follows :
1879.
1880.
.
1881.
085
685
685
719
600,556
652,757
829,152
913,755
Pass’rs carried 1 mile 32,396,103 31,348,280 45,831,042 57,640,368
Freight (t’ns) moved.
694,601
981.139
1,187,097
1,593,943
F’ght (t’ns) m’vdl m.170,988,859 226,573,979 263,223,376 309,271,737
Earn'gs d expenses—
$
$
$
$
Passenger earnings..
981,151
1,268,873
1,527,894
1,027,884
4,697,017
Freight earnings
' 3,282,898
4,103,665
5,147,677
Miseellan’s earnings.
203,539
207,795
295,676
711,402
Gross earnings
Expenses, taxes, &c.
Net earnings
4,514,321
5,292,611
6,265.597
7,686,973
2,568,365
2,992,050
4,075,226
4,931,863
1,945,956
2,300,555
2.190.370
1,800,000
15,000,000
5,000,000
2,999,000
284,000
4,991,000
5,994,000
50
250
500 &c.
of interest. The company offered to exchange them for the new 5 per ct.
mort. bonds, with which all other bonds are eventually to be retired; in¬
terest on both classes of the income bonds is cumulative. The Mercantile
Trust Co. of N. Y. is trustee of the general consol, mort. The St. L. I. M.
& So. annual repori for 1880 was published in V. 32, p. 285. Compara¬
tive earnings, &c., of St. L. I. M. & S.
900,000
600,000
800,000
5,000,000
1,000
1,000
1875
2,755,110
—(V. 32. p. 183, 368, 469, 488, 526, 553, 569, 613, 659; V. 33, p, 24, 75,
100, 125. 155, 176, 275, 304, 386, 442, 50?, 560, 687; V. 34, p. 20, 265,
292, 316, 317, 344, 345, 479, 489, 575, 655, 679 ; V. 35,p. 77, 104, 182,
312, 347.)
Mobile d Ala. Grand Trunk—Dee. 31, 1881, owned from Mobile, Ala.*
to Bigbee Bridge, 56 miles. The company has been in default, and will
be sold in foreclosure unless reorganized without sale. The plan pro¬
posed 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 stock¬
holders to receive 50 per cent in new stock. T. G. Bush, President.
—(V. 32, p. 636.)
Mobile (t Girard — May 31, 1882, owned from Columbus, Ga., to Troy,
Ala., 84 miles. Common stock, $987,164; preferred stock, $279,900, and
$5,080 Pike County stock. SeGond mortgage bonds are endorsed by
Central RR. of Ga. There are also $33,000 3d mort. 6 per cent bonds,
due June 1, 1897. In September, 1882, it was voted to issue $250,000
bonds to extend to Elba, Ala. In 1880-81, gross earnings. $275,846;
net, $86,673. In 1881-82, gross, $269,011; net, $59,443. (V. 33, p. 73 ;
Y. 34, p. 130; V. 35. p.431.)
Mobile <t Montgomery.—Dec. 31, 1881. owned from Montgomery, Ala.,
to Mobile, Ala., 180 miles. Default was made on the bonds in 1873 and
the road was sold in foreclosure Nov. 16, 1874, and purchased by bond¬
holders, who organized this company on a stock basis, in Nov.*, 1879,
$1,550,000 of the stock owned in this count ry was purchased by parties
in the interest of the Louisv. & Nashv. RR. at 80, giving the control to
that company. The old mort. debt out June 30, 1881, was $261,000.
Gross earnings in 1880-81, $951,051; net, $226,193. (V. 34, p. 265.)
'Mobile d Ohio.—-June 30, 1882, owned from Mobile, Ala., to Columbus,
Ky., 472 miles, and extension (by Ky. & Tenn. RR.) to Cairo, 21 miles :
branches—Artesia, Miss.,to Columbus, Miss., 14 miles; Artesia, Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles. The Co. funded coupons from their bonds in
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d
mortgage bonds were issued to pay floating debt. A default was made
fcMay 1, 1874, and two trustees and receivers took possession May 8,
1875. The stock and bonds of the company were placed on the N. Y.
Stock Exchange list in July, 1879 : First.—New mortgage to tlie'Faruiers’
Loan & Trust Co., of New York, as trustees, upon the main line, excluding
branches, to secure bonds in the aggregate amounting to $7,000,000.
-
3,345,000
Trust
is payable annually upon each scries in the order of their priority,
but only if earned in the preceding fiscal year, and is non-eumulative. The holders of debentures have one vote for each $100, and each
year
.
4*2
4
6
they instructed the Farmers’ L. & T. Co., trustees, how to vote at
the stockholders’meetings upon the majority of the stock of the Mobile <fe
Ohio Railroad Company, the power to vote upon which is irrevocably
with the Farmers’ Loan & Trust Company, until the extinguishment of
said debentures. The foregoing bonds and debentures are issued in for¬
bearance, extension and compromise of the present indebtedness of the
Mobile & Ohio Railroad, the entire amount of which (excepting less than
1 per cent
of the first liens and
a very
limited percentage of the inferior
Mens), with the power and authority to avail of the decrees of the
Circuit Court of the United States, adjusting and establishing said in¬
debtedness, are assigned and transferred to the Farmers rtx)an & Trust
Company, as trustees, for the further security of the bonds and deben¬
tures nerein referred to.
The capital stock authorized by the charter is
$10,000,009, or 109.000 shares of $100 each, of which then* have been
April
1, 193!
April l, 1931
Juiy
1, 1910.
Jaw., 1889
June. 1897
(l)
Mobile and New York.
New York City;
do
do
do
do
Yearly
do
do
Yearly.
J. & J. N. Y., 11 Pino Street.
Boston.
Newr York.
A. & O.
do
J. & J.
J. & J. N. Y., Del., Lack & W.
do
do
M & N.
do
do
F. & A.
do
do
J. & J.
do
do
A. <fc O.
do
'
do
J. & D.
Dec.
July 1, 1912
May 1. 1881
Aug. 1, 1893
& D.
1, 1927
»
•
•
July 1, 1892
(?)
•
April 1, 1918
July
1, 1920
July 3, 1882May 1, 1914
Aug. 1, 1891
Jan. 1,
1900
Oct., 1901
June
1,1915
issued 53,206 shares. The debentures are secured by a deed of trust of tha
land.about 1,143,222 acres, and receive7 percent, if earned.
The Cairo Extension bonds may be redeemed before maturity any
January 1 or July 1 at 110, six week’s notice being given.
In August, 1881, 7 per cent was declared on 1st preferred incomes;
also 2 per cent on 2d incomes.
In August, 1882, only 2 per cent was
declared on the first preferred incomes.
The last report was published in the Chronicle, V. 35, p. 429. Oper¬
ations for five years ending June 30 were:
OPERATIONS AND FISCAL RESULTS.
Operations—
Passenger mileage
Freight (tons) mileage
Earnings—
Passenger
i...
1879-80.
1880-81.
1881-82.
10,468,635 11,312,655 12,409,125
80,406,765 8 6,956,914 75,184,535
..
Total gross earnings
Operating expenses
Net earnings
Disbursements—
Interest on mortgage
Interest on incomes
..
..
$398,217
1,772,984
$101,702
1,617,932
144,640
$416,127
1,791,503
113,415
Freight
Mail, express, &c
170.187
$2,284,616
1,459,650
$2,377,817 $2,164,274
1,602,145
1,562,486
.
$824,966
$815,331
$562,120
$420,000
389,500
bonds
$420,000
$456,000
106,000
408,000
$562,000
$828,000
$809,500
Sur. 129
8ur.$15,466 Def $12,669
-(V. 33, p. 176, 281, 329, 358 ; V. 34, p. 115; V. 35, p. 161 ,429.)
Montpelier <t Wells River.—Dec. 31,1881, owned from Montpelier to
Wells River, Vt., 38 miles. Reorganized January, 1877. D. R. Sortwell,
President, East Cambridge, Mass! Gross earnings for 15 months ending
March 31, 1882, $115,847 ; net, $23,421.
Morgan's Louisiana <t Texas Railroad tt Steamship Co.—March 31,
1882, owned from New Orleans to Vermillionville, La., 144 miles;
Vermillionville to Alexandria, La., 84 miles; other branches, 21
miles; total. 249 miles.
This company’s application to the New
York Stock Exchange, July, 1881, stated that: “The company’s
property consists of sixteen iron steamships, five of which ply
between New York and New Orleans, nine between Morgan City,
La., and the various Texas and 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 & Pacific Railroad, Texas
Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
Total disbursements
Balance
..
majority interest in the capital stock of the Houston & Texas Central
Railway Co., &c. It operates 249 miles of completed road in Louisiana.
capital stock is $5,000,000. Gross earnings in 1881-82, $4,188,622;
surplus over expenses, interest, &., $722,450. Chas. A. Whitney, Prest.,
The
New Orleans, La.
(V. 33, p. 100; V. 35, p. 51.)
owned from Hoboken, N. J., to Phillipsburg, N. J., 84 miles; branch. Denville, N. J., via Mor. & Es. Tunnel, toHoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark &
Bloom. RR., 4 miles: total operated, 132 miles.
In 1868 this road
was leased in perpetuity to the Del. Lack. & W. RR.
The lessees assume
all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
Morris & Essex earns 10 per cent on its stock in any one year after the
year 1874. Earnings for five years past were as follows
Morris d Essex.—Dec. 31, 1881,
Div’d
Gross
Miles.
121
121
121 .
Years.
—
Company, covering specifically tin*, lauds (including over
1,150,000 acres of land donated by the United States) and other prop¬
erty not necessary for the operation of the road.
Interest at the
rate of 7 per cent per annum, or in multiples of 1 per cei:t, but
not exceeding 7 per cent in any one year on these debentures,
&
)
Aug. 1, 1892
May 1, I897
June 1, 1895.
June 1, 1897
Jan. 1, 1891
7
200,000
Deed of trust to the Farmers’ Loan <fc Trust Co., as trustees, to
secure four series of preferred income and sinking fund debentures.
These debentures are secured by a deed of trust to the Farmers’ Loan
Second
Dividend.
Yearly.
Yearly.
7
7
7
7
7
800,000
1
Stocks—Last
Whom.
& J. Newr York & London.
& J. N. Y., Nat. City Bank.
do
do
& D.
& A. N. Y., Drexel, M. & Co.
J.
3*2
c
11
pal,When Due.
Payable, and by
J. <fe J. N. Y., Del. Lack. & W.
Boston & Nashua.
M. & N.
F. & A. Bost.. Parker ASt’ckpole.
6 g.
7
7
7
7
6
2
7
6 g.
600,000
1,000
Where
Payable
J.
J.
J.
F.
2*3
1,850,000
*
....
1882
34
137
g.
8
4
....
1864
1866
Var’us
1871
g.
7 g.
50
Convertible bonds
Gen. m. & 1st on Boonton Br. <fcc. (guar. D.L.&W.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
Real estate terminal mort. (guar. D. L. & W)
Nashua d Lo vell—Stock
Bonds for freight depot (gold)
1,000
1878
1880
g.
g.
300,000
800,000
3,022,517
5,320,600
7,000,000
5,300,000
100
1879
1879
1879
1879
1879
1880
g.
g.
1,1241000
100
....
When
do
do
F. & A.
M. & N. New York or London.
J. & D. N. Y., Mercantile Tr. Co.
do
do
J. & D.
do
do
J. & J.
do
do
March.
do
do
March.
do
do
A. & O.
do
do
A. & O.
450,700
’
1,000
1,000
1,000
817097881
Montpelier d Wells River—Stock
Morgan's La.d Texas—1st mort.,gold(N.O.to
1st mortgage, extension, gold
Morns d Essex—Stock
Miles of railroad
Bonds— PrincT
N.Y., MercantileTr. Co.
7
7
7
7
7
7
6
5
5
1,450,000
7,782,000
(?)
(0
1,000
1874
1869
1877
180
528
472
Rate per
Cent.
$650,000
4,000,000
1867
1872
1870
1872
1870
1879
1879
1881
1881
686
or
Par
Pacific—(Continued)—
St. Louis & Lexington, 1st inort
St. L. Iron Mt. & So., 1st more, coupon
do
2d mor., gold, coup., may be registered
Ark. Branch, 1st mort., gold, land gr"
do
do
Cairo Ark.& T., 1st, gold, cp.or reg
do
CairoA Fulton, 1st, gold, on road & land
1st pref. income bonds,reg.(cuinulative)
do
do
2d pref. income bonds,reg.(cumulative)
St. L. I. Mt.«k S.,Gen’l consol. M. (for $32,030,000)
do
do
supplemental....
Mobile d Alabama Grand Trunk—Stock
1st mortgage bonds ($20,000 p. m.), coupon
Mobile d Girard—Id mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile d Monty.—Stock
Mobile d Ohio—Stock
New mortgage, principal payable in gold
1st pref. inc. and s. f. debentures, not cumulative
2d
do
do
do
3d
do
do
do 1
>
4th
do
do
do
Cairo extension (Ky. & Tenn. RR.)
1st mortgage,
2d mortgage
discovered In these Tables.
by giving Immediate notice of any error
Miles
XXXV..
OL.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
RAILROAD
xl
..
Net
Earnings.
Earnings.
$3,368,441
*
121
2,710,117
3,515,097
3,823,652
p.
$1,222,507
1,559,354
782,328
1.446,193
ct.
7
7
7
7
7
1.647,019
121
4,246,656
The loss to lessee in 1879 was $900,701; in 1880, $1,012,416; in
$985,890. (V. 32, p. 183, 577 ; V. 34, p. 489, 687.)
Nashua d Lowell.—March 31, 1882, owned from Lowell, Mass.,
Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles; WiltonRK.,
16 miles; Peterborough RR., 10 miles; total
54
The road w as operated with the Boston & LowTell till Oct. 1,
October 1, 1880, a lease for 100 years to the Boston <fc Lovrellwa®
made. There are also $100,000 5 per cent bonds due July
addition to above debt, and the company holds $300 000 cash
against the debt. The rental is $60,000 per year, equal to 7*2 per cent
on stock, but, including other revenue, dividends are 8
32, p. 16, 43, 335.)
1881>
to
operated,
miles.
1878. On
1,1900, m
assets
percent. (»•
Chat¬
Nashville Chattanooga d St. Louis.—June 30, 1882, owned from
tanooga, Tenn., to Hickman, Ky., 321 miles; branches—Wart-race, lenm*
to
Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to
Victoria, Tenn.,
miles; Tullahoma w
Caney Fork, 48 miles; Dechord to Fayettev., 40 miles; Centrevui
Branch, 25 miles; Duck River RR. (leased), 48 miles; total, o39 mue •
j The the bonds endorsed by Tennessee are secured by deposit m trust
miles; proprietary lines—Nashv. to Lebanon, 30
1 tuis
e
unpany’s first mart, bonds.
description.
I
ivir^xplaiiatioa of column headings, Ac.,
on tir8t page of tables.
Chattanooga <£ St. Louis—Stock:
endorsed by Tenn.
?8t rnort (for $6,800,000), coup
", ^
Bunas oi n'. C. A St. L., 1st mort. on two branches
Nashville
Roods
l8t mort> 0D Lebanon Branch
do
ao
nook River
Nashville &
1st
for Jasper Branch
do
RR., 2d mort.,
endorsed
Decatur—Stock, guar’d 6 p. c. by L.&N.
f
uiort. guar. s.
*
151
340
321'
88
30
7*3
48
122
122
122
99
66
18
94
23
5
44
1857
1873
1881
1877
1877
1877
1870
1867
$25
1,000
1,000
1.000
1,000
1,000
1,000
1,000
Nevada
Nevada
-
Jacksond Columbus.-1st
mortgage
Central—1st mort., gold (sink.
County-lst^mortgage
Newark <£
f„ $20,000)
Hudson— 1st mortgage
Somerset & Straitsv.f O— 1st mortgage
Newbury Dutchess & Connecticut—Income bonds...
Newbury <6 New Porfe-lst mortgage
New Castle & Beaver Valley—Stock
New Haven & Derby— 1st & 2d mortgages
Newark
(canal RR.) Stock
Holyoke & W.,leased. 1st Mq$200,000 guar.)
CodsoI. sink, fund $15,000 per yr. A mort. bonds.
New Haven <6 Northamp.
Mortgage bonds, coupon
Northern
Extension
New Jersey & New York— 1st mort. (reorganization)
N J Southern—1st mort. (iut. guar, by N.Y.A L.B.)
Long Branch A Sea Shore, 1st mort., guar
1st mortgage
2d mortgage
Consol, mortgage (for
A
....
27
30
78
....
100
100
100
121
London Northern—Stock
bonds
New
12
15
13
170
92
17
$1,500,000)
....
-
500
ioo
50
....
1879
1876
1871
1869
1,000
....
1,000
50
....
100
....
....
1865
1872
1880
1,000
1,000
1,000
1,000
1,000
118877--9.0.,
9
1,500,000
398,000
300,000
90,000
150,000
1,642,557
1,817,000
1,000
1
ACCOUNT.
1879-80.
1880-81.
1881-82.
1,736,723
$
2,099,155
$
2,256,186
$
2,074,583
715,134
914,407
878,009
1,000,175
833,592
715,134
914.407
$
1,878,184
$
541,514
872,598
$
486,709
164,161
1878-79.
$
Gross earnings
Net Receipts—
Net earnings
Bonds sold, Ac
“1
Total income
Disbursements—
Interest on debt
and taxes.
Dividends
Extensions A
Miscellaneous
improvem’ts
57,145
475,320
232,020
360,903
50,931
237,806
3:‘,006
$
583,577
300,164
1,212,428
923.436
Total disbursements...
708,015
975,118 2,096,169
Balance, surplus or deficit, sur.7,119 def. 9,029 sur903,066 *1,223,571
4
Deficit. The surplus Tune 30, 1881 being $903,066, the real de¬
ficiency June 30, 1882. was only $320,507.
-(V. 33, p. 101, 176. 201, 304, 329, 3 56, 442, 717; V. 34, p. 87, 196,
V. 35, p. 96, 212, 321, 318, 371,456.)
hashville <& Decatur.—June 30, 1882, owned from Nashville, Tenn., to
Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L.
AN. RR. for 30 years from July 1, 1872, at a rental of 6 per cent per
annum on the stock, to begin after the completion of the So. A North Ala.
RR., and the first dividend under this arrangement was paid April 1,
344, 460, 574. 708
;
1875. The lessee assumed all the debt of the Nashville A Decatur Co.
Gross earnings in 1880-81, $1,023,498; net, $343,25s.
Natchez Jackson <£ Columbus—Jan., 1882, had built from Natchez,
Miss., beyond Martin, Miss., 60 miles. In progress to Jackson and
bonds sold in New York by Britton A Burr. Stock, $614,809. See re¬
port, V. 34, p. 314, in which new financial plan is proposed. Earnings
for 1881, $57,469; net, $23,722, (V. 34, p. 549, V. 35, p. 71,339, 348.)
haugatuck— Sept. 30, 1881, owned from Naugatuck Junction to
Winsted, Conn., 56*2 miles; leased. Watertown A Waterbury RR., 4^2
miles; total operated, 66 miles, 5 miles of N. Y. N. H. A Hartf. being used
between Naugatuck Junction and Bridgeport. Has no bonded or floating
debt. Operations and earuiugs for five years past were as follows:
Div.
Gross
Net
Passenger Freight (ton)
Years.
Miles.
Mileage.
Earn’gs. p.c.
Earnings.
Mileage.
1876-7
66
4,308,194 $520,820 $207,759
5,899,088
1877-8
66
206,301
477,834
6,214,917
5,742,605
1878 9
222.275
66
499.188
7,366,813
6,322,281
66
592,151
242,063
7,297,580
8,489,903
66
201,390
614,410
8,019,256
8,553,168
-(V. 33, p, 62I
Nesquehoning Valley— Dec. 31, 1881, owned from Nesquehoning Junc¬
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to
Lansford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and
was leased for 999
years to the Lehigh Coal A Nav. Co. at a lease rental
or $130,000
per annum, but with an option for the lessees to terminate it
after 1878. In 1879 the lease was modified so as to pay 7 per cent a
year only, and the option to terminate was suspended till Sept. 1, 1884.
hevada Central.—Dec. 31, 1881, owned from Battle Mountain to Ledne, Nev., 86 miles; branch, Ledlie, Nev., to Austin, Nev., 7 miles; total.
93 miles. Stock, $1,000,000.
Gross earnings, 1881, $147,558; operat¬
ing expenses $127.605; net, $19,952.
Aevoita County—Dec. 31, 1881, owned from Colfax to Nevada City,
.
..
...
,
miles,
$-42,200.
gauge. In 1880 gross earnings were $115,655;
1881, grosB earnings, $116,465 ; net, $44,239. Stock,
narrow
in
J. C. Coleman, Pres., Grass Valley,
Col.
Rework d: Hudson.—Dec. 31, 1881, owned from Bergen Junction to
Newark, N. J., 6 miles. Leased to New York Lake Erie A Western at a
rental of $33,000
per annum, which pays interest on bonds and 7 per
oent on the stock of
$250,000.
Rewark Sorn. d- Struitsv.—Sept.
Cortlanut Parker, Pres’t, .Newark, N. J.
30, 1881, owned from Newark, O., to
onawnee, O., 44 miles. Road was completedin 1871. Leased to Sandusky
Mansf. a Newark for 14
years from Jan. 1, 1872.
Operated by the Balt.
w, ch Pays 30 per cent on gross earnings, and advances any
aaoitional amount necessary to meet the interest on the debt. Capital
icon
k
o?uiInou* *$795,400, and preferred, $218,200. Gross earnings in
$177,304; net, $41,548; deficit to lessee, $14,451.
Dutchess
d
Conn.—Sept. 30, 1881, owned from Dutchess June.,
Millerton, N. Y., 59 miles. The Dutchess A Col. RR.
1876, and this
was sold
organized Jan. 8, 1877, by the puribondholders. In adaitiou to above incomes, there are $150,000
twS ^oIaVyZ8’ due in *907. In 1879-80, gross earnings were $166,231;
jl*
company was
5!?9-?4,0 ;ia !880-81,
ck
gross,
$160,649; deficit, $11,865.
The coin-
V? $172,000 and preferred stock $715,350. John S. Schultze,
Indent, Moore’s Mills, N. Y.
Rewburg d N.F.—Oct. 1, 1881, owned from Vail’s Gate Junction to
178,000
176,200
2,000,000
1,300.000
1,000,000
200,000
250,000
800,000
1,164,500
250,000
605,000
525,000
2,460,000
1,300,000
100
lOOAo.
500 Ac.
majority of the stock ($3,385,000) is owned by the Louisville A
INCOME
ijSjjfc.
5,89 4,000
500 Ac.
600
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.
The annual report for 1881-2 was published in the Chronicle, V. 35,
p. 371, which should be referred to.
Earnings for three years ending June 30 were as follow’s:
%
$6,670,331
402,000
68A70 500 Ac.
1869
1870
1879
1881
1880
1879
1869
Bonds—PrincT-
pai, When Due.
Rate per When
Where Payable, and by Slocks—Last
Outstanding
Cent.
Whom.
Dividend.
Payable
500 Ac.
....
xli
Amount
1879-0 1879-0
o/i mortgage
batches
3
539
BONDS
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
Par
Road. Bonds. Value.
For expi»
AND
STOCKS
RAILROAD
1882. J
October,
260,000
1,200,000
700,000
275,000
1,449,600
200,000
1,500,000
300,000
387,500
812,000
A.
J.
J.
J.
J.
J.
J.
3
7
6 g.
10
5
6 g.
8
7
7 g.
1^
6
7
5
June, 1882
July 1, 1900
Oct., 1887
1881 to 1886
July 1, 1913
July 1, 1901
Jan. 1. 1917
Jan. 1, 1917
Feb. 1, 1907
July 15,1882
Bridgeport, Conn.
Philadelphia, Co.’s office Sept. 1, 1882
N.
Oct.
Jan.
Y., Hatch A Foote.
v»
M. A S.
M. A N.
«
1, 1904
1, 1896
Sept., 1901
,
N. Y. L. E. A W. RR.
N. Y., Union Trust Co.
Nov. 1,
N.Y.,OfficeN.Y.L.E AW
Newcastle, Penn.
Various N. Haven, Mech. Bank.
Q.-j.
(V
7
April 20, 1882
....
7
6
A
A
A
A
A
A
A
J. A J.
M. A 8.
A. A O.
3^
7
3
7
6 A 7
6
5
6
O. New York A Nashville.
J. N. Y., Metrop. Nat. Bk.
do
J.
do
do
J.
do
do
J.
do
J.
do
do
do
J.
do
J. A D.
J. A J. N. Y., Drexel, M. A Co.
A. A O. Nashville, Co.’s Office.
1*2
6
7
6
6
6
8
1889
Oct., 1882
1898 to 1900
New Haven.
Oct., 1873
do
J.
Jan., 1899
do
O.
Apr.l ’91 A’98
do
O.
April, 1, 1909
O.
do
April, 1911
N. Jersey City, Co.’s Office.
1910
J. N. Y., Cent.of N.J.Offlce July 15, 1899
New York.
Dec. 1, 1899
D.
New London, Office.
Oct. 1. 1882
Q.-J.
A. A O. N. Y., B’k of N. America
Sept., 1885
do
do
J. A D.
July, 1892
do
do
J. A J.
July, 1910
...
J.
A.
A.
A.
M
J.*
J.
A
A
A
A
A
A
A
Greenwood Junction, N. Y., 13 miles.
Leased October 5, 1866, to Erie
RR., at $17,500 per annum, and operated now by N. Y. LakeE. A West.
New Castle d Beaver Val.—Deo. 31. 1881, owned from Homewood, Pa.»
to New Castle, Pa., 15 miles.
Road in operation since 1860. Leased to
Pittsb. Ft. W- A Chic. RR. for 99 years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879 13 per cent dividends were paid ; in 1880, 13 p. c.; in 1881, 24
Gross earnings in 1881, $331,527; rental received. $132,611.
Derby.—Sept. 30, 1881, owned from New Haven, Conn
to Ansonia, Conn., 13 miles.
Road opened Aug. 9, 1871. Capital stock
is $447,100. New Haven City guarantees the $225,000 second mort¬
gage bonds. Gross earnings iu 1878-9, $106,478; net, $52,535; gross
earnings in 1879-80, $122,886; net, $48,776; iu 1880-81, gross, $147,564; net, $48,268.
New Haven dr Northampton.—Sept. 30,1881, operated f rom New Haven,
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; limi.m.-ion Conn., to New Hartford,Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Tariffville. Conn.,
1 mile; leased—Holyoke .A Westfield RR., 14 miles; total, 170 miles.
Iu April, 1881, a control of the road was sold to N. Y. N. H. A Hartford
parties. See V. 32, p. 421. Operations and earnings for three years
p. c.
New Haven d
past were as follows :
Passenger
Mileage.
4,727,857
5,644,750
'
Miles.
109
144
144
Years.
18s0-81
—(V. 32, p. 99, 421
5,612,006
34,
p.
Freight (ton)
Gross
Net
Earnings. Earnings.
Mileage.
14,942,798 $588,280 $222,207
16,365,182
18,705,865
694,506
751,614
276,287
298,137
2»2.)
New Jersey d New York—Dec. 31,1881, owned'from Hackensack, N. J.,
to Stony Point, N. Y., 25 miles ; leased. Nauuet A New City RR. 6 miles;
Hackensack RR., 6 miles; total operated, 37 miles.
Organized Sept. 4,
1874, by consolidation of the Hackensack A New York RR. and the
Hackensack A N. Y. Extension Railroad; Receiver appointed in 1877.
The Hackensack A New York RR. was sold in foreclosure August 14,
1878, and was leased iu perpetuity to this company, and now forms
part of main line.
Reorganized in 1880, with above debt. Stock,
$2,000,000 common, $800,000 preferred.
Gross earnings in 1880-81,
$198,410; net, $21,790. (V. 32, p. 611.)
New Jersey Southern.—The road extends from Sandy Hook to Atco,
a distance of 70 miles, with branch from Eatontown to Port
Mon¬
mouth, a distance of 9 miles, and includes the road from Sandy Hook to
East Loug Branch, 11 miles, formerly known as the Long Branch A
Sea Shore Railroad. The property was sold in foreclosure March 31,
1879 (see Chronicle, V. 28, p. 352), and the present company was
organized July 25, 1879, with Judge Lathrop, receiver of the Central
of New Jersey, as president. The capital stock is $1,590,600. The
property is subject to $120,000 on the Tom’s River Railroad and
$200,000 on the Long Branch A Sea Shore Railroad.
,This latter
bond is endorsed by the United Companies of New Jersey.
The
above mortgage is for $1,590,600, of which $1,449,600 have interest
guaranteed by the New York A Long Branch Railroad by endorsement
of the bonds. The road is now operated as a part of the Central New
Jersey system. (V. 32, p. 121.)
New London Northern— September 30, 1881. owned from New
London, Conn.; to Brattleboro, Vt., 121 miles, of which 100 miles
leased to J. G. Smith and others.
This road has been operated
since December 1, 1871, under lease to the Central Vermont Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort. bonds issued to retire all other funded and floating debt and to
pay for branch recently purchased from Vermont A Mass. RR. Opera¬
tions and earnings for four years past were as follows:
Passenger
Miles.
100
Years.
Mileage.
4,765,084
100
Frei
lght (ton)
Mileage.
Gross
Earnings.
$470,455
Net
Earnings.
3,927,511
11,610,469
$129,609
470,102
159,484
12,637,957
591,346
179,030
100
18,975,296
6,144,189
611,043
197,717
1880- 81.. 100
19,318,243
6,415,412
New York d Canada—Dr.c. 31, 1881, owned from Whitehall, N. Y., to
Rouse’s Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Lake
George, N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles;
West Chazy to Province line, 13 miles; total operated, 150 miles. This
..
company was organized March 1, 1873, as successor of
Plattsburg and the Montreal A Plattsburg railroads.
the Whitehall A
The whole line
The road is virtually owned by the Dela¬
ware A Hudson Canal Company, which guarantees the bonds. The stocj."
is $4,000,000.
Earnings in 1880-81 were $654,519; net, $217,414;
deficit to lessee, $15,517. (V. 32, p. 98.)
New York Central d Hudson.—Sept. 30,1881, owned from N. Y. City to
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles;
was
completed Sept. 18, 1876.
owned, 748 miles; liues leased—Troy A Greeenbush, 6; Niagara
Bridge A Canandaigua, 98; Spuyten Duy vil A Port Morris, 6; N. Y. A
Harlem, 127; Lake Mahopac, 7; total, 245 miles; grand total, 993miles.
The second track owned is 508 miles; third track, 270 miles; fourth
track, 236 miles; turnouts, 511 miles—making a total of 2,520 miles of
track owned by the company. This company was formed by a consoli¬
dation of the New York Central and the Hudson River railroads October
1,1869. The New York Central was a cons* lidation of several roads.
total
Subscribers will confer a gi
eat favor by giving
DESCRIPTION.
Nor
STOCKS AND BONDS.
RAILROAD
■fjl’i
explanation of column
on
tirHt page
Miles
of
headings, Ac., see notes
Road. Bonds
of tables.
113
903
Jf. F. & Canada—1st M., sterling, guar. D.A H. Can.
New York Central <6 Hudson River—Stock
Premium bonds
(N. Y. Central) —
Bonds, B & N. F. stockholders
do
Bonds railroad stock (N. Y. Central)
Bonds real estate (New York Central)
Renewal bonds
2d mortgage, sinking fund (Hudson River)
New mortgage
....
.....
Immediate notice of any error
1853
1854
1853
•
•
•
Size, or
Equipment bonds
840
521
521
62
JT. Y. City <£ Northern— General mort
2d mortgage, for $2,000,000
40
New York <6 Greenwood Lake.—1st mort., income ..
2d mort., income
132
New lork <£• Harlem—Common stock
132
Preferred stock
132
Consol, mort., coup, or reg., (for $12,000,000)
2( »0
N. Y. Lackaivanna d Western.—Stock, guar., 5 p.et.
200
1st mortgage, coupon, may be registered
1,020
Jf. Y. Lake Eric d West.— Stock, common
1,020
Preferred stock
(extended in 1807 to 1807)
convertible (extended in 1870)
8d mort., (to be extended 40 years at 4% p. ct)..
4tli mort., conv. (extended in 1880 at 5 per cent)
5tli mortgage, convertible
1st mortgage
2d mortgage,
Bonds
Long Dock Co. mortgage
459
bonds
1873
1873
.
Reorganization 1st lien bonds, gold
N. Y. L. E. & W., new mort., gold, 2d consol
do
do
do
do fund. coup.
Value.
1881
18*2
1880
1881
1875
500 Ac.
1,000
1,000
8,500,000
1,500,000
11,100,000
1,000
1881
1.000
100
100
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
Prices of stock have been:
1882.
July
136%-130%
15114-140
August.. 138 -13210
afterwards.
1881.
155 -147%
2,500,000
500
etc;'
1881.
.
Net Income, Divi-
Gross
over exp., dends,
Freight (ton)
Sep. 30. Mileage.
Mileage.
Receipts. int.A rents, p. c. Surplus.
8
$73,547
1876.353,136,145 1,674,447,055 $28,046,588 $7,213,075 8def. 197,312
1877.316,847,325 1,619,948,685 26,579,085 6,943,347 8
898,917
1878.300,302,140 2,042,755,132 28,910,555 8,038,445 8
454,957
1879.290,953,253 2,295,825,387 28,396,583 7,594,485 8 3,427,706
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8
75 4,484
1881.373,768,980 2,646,814,098 32.348,395 7,892.827
728,
709, ■■ 731, 742 ; V. 34, p.
—(V. 32, p. 15,437; Y. 33. p. 425, 528,
ending Passenger
1, 3, 116, 167.)
New York Chicago & St. Louis.—This is the company formed in 1881,
building the new line of road from Buffalo to Chicago, 521
the above stock $22,000,000 is preferred 7 per cent. The “ subscrip¬
tions” to the bonds of the company were on t he basis of $13,333 cash,
for which were given $10,000 in 1st mortgage bonds, 200 shares of
miles. Of
F.
M.
J.
J.
M.
A
A
et
et
A
J.
A J.
A N.
A N.
A N.
A D.
A D.
A J
A J.
A. New York, Co.’s Office.
do
do
S.
J. N.Y., Gr. Central Depot.
do
do
J.
do
do
N.
New York
.
July 1, 1882
July 1, 1882
May, 1900
Jan.
Agency.
1, 1921
24,400,000
8,597,100
Jan. 15,1882
....
5 g.
7
7
7
7
7
6
6
5-6
16.656,000
1,000
500 etc.
....
Tear
'
182,600
3,000,000
3,702,157
14G%-141%
135%-128%
i45i4-!41io
131 -12^%
148%-x42% Sept’ber 137%-132% 145%-141%?
.March... 13-4%-129
147
-14078 October
142% 135*8
April
133L2-125
140%-136%
Nov’ber
Muy
I287a-l23f5s 152*8-145
1393sxl30i4
1337s-l25% 151*8X145 Dec’ber
June
REVENUE ACCOUNTS—1876 TO 1881—SIX YEARS.
Jan
Feb
2,926,000
709,500
500 etc.
Dec. 1, 1921
1888 to’95 ‘
May 1, 1910
1911
7
5 g.
7
4,852,000
1,000
1,000
J. A D. N. Y.,Metrop’tan N. Bk.
do
do
J. A J.
M. A N. N. Y., Company’s Office.
6
2,150,000
500 etc.
100 etc.
M.
M.
M.
J.
J.
J.
J.
May 1.1901
Oct. 16,1882
May 1,1883
May lf 1883
May 1,1883
May 1, 1883
Dec. 15,1887
June, 1885 '
Jan. 1, 1903
Jan. l, 1903
Q.-J.
r
7,632,200
2,482,000
1.000
1,000
1,000
1,000
& Schenectady Rail¬
Mohawk A Hudson. It was the
scrip divi¬
made in December. 1808.
road (Nov. 1, 1800) a
Y. Centra!
The mortgage for
$40,000,000 was issued to lay the third and fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W. H. Vanderbilt at the price of 120. and 100,000
1882.
10,000,000
12,000,000
70,943,100
100
M. A N.
London, Baring Bros.
N. Y., Gr. Central Depot.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
London.
6 g.
(0
1872
M. A N.
6 g.
7
6
6
7
7
4
4
7
900,000
1,800,000
50
Dividend.
7
7
6 g.
15,000,000
4,000,000
3,( 85,000
100 etc.
100 Ac.
Payable
6
9,733,333
50,000,000
500 Ac.
pal,When Due
Stocks—Last
Whom.
6
22,465,000
1,000
1,000
Payable, and by
6
6
1,422,900
1,000
Where
6
2,391,000
1,000
When
6 g.
2
74,500
592,000
162,000
1,000
per
Cent.
6,632,300
500 Ac.
50
1847
fTate
$4,000,000
89,428,300
JBlOOAc
under a special law of April 2, 1853. The Albany
road opened September 12, 1831, as the
first railroad built in the State of New York. The famous
dend of 80 percent on the capital stock was
and on the consolidation with the Hudson River
further dividend of 27 per cent was distributed on the N.
stock and 85 per cent on the Hudson River stock.
more
Outstanding
100
1879
Buffalo Branch
aliares
Amount
Par
....
840
discovered In tbese Tablet,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
$100
•
N. r. Chicago <& St. L.—Stock ($22,000,000 is pref.)
1st mortgage, gold (for $15,000,000) coup, or reg
coupon
1874
1854
J ^l^oooiooo } couPon or re£- {
1st consolidated mortgage, gold
do
do
funded
Date
of
Vol. XXXV.
M.
M.
M.
A.
J.
g.
g.
g.
g.
k.
J.
J.
M.
M.
M.
J.
J.
et N. New
et S.
A 8.
et O.
A D.
et J.
A D.
A S.i New
A S.
A N.
et D.
A D.
York, Co.’s Office
' do
do
do
do
do
do
do
May 1, 1897
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920
June 1. 1888
do
do
do
do
do
York and London.
do
do
do
do
do
do
do
do
July 1, 1891
Jam, 1893
Sept. 1, 1920
Sent. 1, 1920
Dec. 1, 1908
Dec. 1, 1969
Dee. 1. 1969
Erie Railroad
A New York
A Ilonesdale,
24 miles.; Jefferson RR., 37 miles; Buffalo Brad. & Pittsburg. 26
miles; Buff. N. V. & Erie, 140miles; Suspension Bridge & Erie Junction,
23 miles; Rochester A Genessee Valley, 18 miles; Avon Gen. A Mount
Morris, 17 miles; Pfiterson A Hudson, 15 miles; Paterson A Ram., 15
miles; Lockport A Buffalo, 13 miles ; Buffalo A Southwestern, 68 miles;
controlled—Newark A Hudson, 6 miles; Weehawken New York A Fort
Lee. 5 miles; Northern of N. J., 25miles; total operated, l,020 miles.
In 1881 an arrangement was made for completion of line from Marion,
O.. to Chicago, forming a through route. See V. 32, p. 613.
The New York A Erie Railway went into the hands of a Receiver
in 1859, and in 1861 the Erie Railway was organized as its succes¬
sor.
The Erie Railway defaulted on its bonds iu 1875, and was sold
in foreclosure under the second consolidated mortgage in 1878. The
present company was organized and took possession June 1, 1878.
Under the plan of reorganization the above statement represents
all the stocks and bonds issued to September 30, 1881.
By the
terms of the plan one-lialf of the stock, both common and preferred, is
issued to “ Voting Trustees ” in London, who shall vote on them until
the dividend on the preferred stock (6 per ceut) has been paid for three
consecutive
years.
The funded coupon bonds are secured by
lien of consolidated mortgage. The second funded coupon bonds are
5 percents till June, 1883, and after that 6. On the second mortgage and
second funded coupon no foreclosure can take place till six successive
coupons are iu default, but all of one coupon must be paid before any
part of a subsequent coupon is paid. The most prominent feature of
the reorganization was the provision for outlay of new capital on the
property, and the cash from assessments on stock has amounted to$2,907,814, and in I 8-2 the reorganization first lieu bonds dated 1878
were issued to procure money for laying double track
west of Hornellfl
ville to complete the double track throughout. These bonds rank next
to the first consolidated mortgage and its funded coupons. Preferred
stock has a prior right to 6 per cent fnon-cumulative* from the net
profits, “ as declared by the board of directors.” Prices of stock have
Rutherford to Ridgewood, 11 miles; leased—Montclair A
10 miles; Goslieu A Deekertowu, 12 miles; Newburg
13 miles; Pat. Ncwb. & New York, 11 miles; Hawley
preferred and 200 shares of common stock, making $50,000 of the par
value of the securities. The equipment bonds draw interest at 7 per
cent from Jan. 1, 1883, but prior to that 6 per ceut is paid on the pur¬
chase money; the principal is payable $400,000 yearly, 1885 to ls95.
CL R. Cummings, Chicago, President.
(V. 32, p. 421, 553; V. 33, p. 176,
255, 469, 716; V. 34, p. 32,177, 205, 461, 479, 549, 604; V. 35, p. 23,
236, 249, 265, 266, 405.)
been as follows:
Common.
January
February
4030-
March
38*8-
April
May
June
.
..
prior mortgage were outstanding Nov. 1,
Default was made iu interest due May 1.
and foreclosure is pending. Earnings for ten months of 1880-81,
of which $274,000 under a
1881. Stock is $2,990,000.
Preferred.
,
1882.
4730
507s- 4334
85 - 79
8030- 73
77 %- 67
78 - 71%
74 - 72
75 - 69%
8l%- 73
81 %- 77
87 %- 80
52 V
35
34
4930- 45%
377g36 %-
48*0- 4434
5178- 47
50%- 44%
47 %- 41%
4478* 41*8
46*0- 42
45%- 4178
4830- 44%
46 %- 3934
34%
3430
3738- 33%
41*8- 35*8
41%- 38%
43*8- 39%
1881, owned from 157th Street
with Metropolitan Elevated), to July
August
Danbury, Conn., 62 miles.
This company was organized March 1, September
1878, and acquired the N. Y. Westchester & Putnam (formerly the October
N. Y. & Boston Railroad), sold in foreclosure March, 1876. The com¬ November
pany in May, 1880, leased the West Side A Yonkers road for 999 years,
December
and the consolidated mortgage was issued to take up all the other bonds, The last annual
New York City & Northern.—Dec. 31,
in 8th Avenue, N. Y. City (connecting
s
1881.
1882.
43i0- 38%
..-
report was published in
1881.
95
88
-
92%- 82*
90%- 84
89 - 84
92 %- 88
91 %- 86
88%- 80*
88 %- 81*
91 - 82
88% 84*
96%- 88*
94%- 89
143,
the Chronicle, V. 34, p.
operations and earnings for four years past were as follows;
Operations—
1877-78.
1878-79.
1879-8).
The
1880-81.
149,115,718 180,460,204 200,483,790
2-091 cts.
2 041 cts. 2016 cts.
t109,212;521, 605, 637; V. 35, p. 132, 321, 374.)
p,
78, 489, expenses, $110,994.
Freight (tons) mil’ge.1224764438 1569222417 1721112095 1984394855
New York & Greenwood Lake.—Duo,. 31,1881, owned from Jersey City,
av. rate p. ton p.rnile
0 973 cts.
0 780 cts.
0-836 ets. 0*805 eta
N. J.,to Greenwood Lake, 48 miles ; branches—Ringwood Jungtion to
Earnings—
$
$
$
$
3,070,121 3.118,944 3 682,951 4,041,267
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles y total, 58 Passenger
miles.
This was the Montclair Railroad, opened in 1874. It was sold Freight
11,914 480.12,233,481 14,391,115 15,992,275
and reorganized as Montclair A Greenwood Lake, and again sold Mail, expr’8frents,&c.
589,598
660,377
619,042
682,063
1882,
(V. 32, 101, 265,288,500; Y. 34, p.
organized. The New York
iu the property
bonds have
aright to pay off the first mortgage bonds of $900,000 at 105, and thus
gain control of the property. (See \^ol. 27, p. 172, 228.) It has been
reported that the New York Lake Erie A Western purposed extending
tiie road and makingTit an important part of their line. In 1881 the
gross receipts were $154,356; expenses, $198,360. (V. 32, p. 611 )
N. Y. dt Harlem.—Sept. 30, 1881, owned from N. Y. City to Chatham,
N. Y.. 127 miles. From Chatham to Albany, 24 miles, the Bost. & Alb.
RR. is used. This oompany owns 5% miles of street railroad on the
Fourth Avenue. The property (except the horse railroad) was leased
April 1,1873, for 401 years, to the NL Y. Central A Hudson River RR.,
at a yearly rental from the lessee of 8 per cent dividends on the stock and
the interest on the bonds. The Fourth avenue horse railroad, together
-with valuable real estate, was retained by this company, and extra
dividends are paid out of the receipts therefrom annually in April. All
operations erf the main road are included with those of the N. Y. C. & H.
New York Lack. d West.—From Binghamton to Buffalo about 200 miles,
Trail t by a construction Co., under the auspices of Del. Lack. A West.
Opened Oct., 1882, and leased to Del. Lack. A W. for 99 years, with a
2, p. 578. 637; V. 33, p. bouds
on
fnaranty of interest on 47,385. 560;5 per35, p. 22, 71,95, 266, o73, 405.)
V.
New York Lake Erie & TIesiet'n.—Sept. 30, 1881, owned lroui Paterson,
N.a., to Dunkirk, N. Y„ 43o miles: branches—Piermout, 18 miles; Newburg. 18 miles: Buffalo. 60 miles; Erie International RR., 5 miles;
October 12, 1878, and the present company
Lake Erie A Western purchased a controlling interest
and now operate it. The holders of the second mortgage
and
cent yearly the stock. (V.
Passenger mileage... 140,326,749
Rate p. pass. p. mile.
2-189 ets.
earn’gs 15,644,978 15,942,023
Operating expenses 10,635,863 11,174,697
18,693,108
20.715,605
13,256,230
4,767,324
7,049,183
62*29
7,459.375
Total gross
Net earnings
P. c. op. exp. to
5,009,115
earn’s
67 98
PROFIT
70-09
AND
11,643,925
LOSS.
6400
CreditsNet earnings
Other receipts
1878-79.
$4,767,323
413,313
1879-80.
$7,049,183
1880-81.
Total credits
Debits—
Pavonia ferries—expenses....
Interest on fimded debt
$5,180,636
$7,833,140
$8,303,681
$249,613
$314,757
783,957
$216,318
2,047,712
210,000
64,453
133,000
658,445
40,914
15,589
403,784
3,963,872
210,000
Total debits.
$3,888,664
$6,042,519
Surplus income
$1,291,971
$1,790,620
Long uock Co. bonds.-dntertt
Weehawken Docks—interest.
Guaranteed interest
Rentals of leased lines.:
Bus. Br. A E. June. RR.—rent
Paterson A Newark RR., rent
Other expenses
’
64.453
131,928
662,952
25,704
11,327
755,955
£h8,745
210,000
64,453
86,914
689,802
17,901
007
A
RAILROAD
October, 1888. J
description.
exptonatlon of column
on
Por
For exp*
headings, Ac.,
tables.
see
notes
ttrat page Gf
1878
Branch—Stock
Trfnrtwure bonds ($1,500,000)
Jv^&Ng%nqlancl—Stock ($20,000,000 auth’rized)
mortgage, new ($0,000,000 are 7s)
Id moSe (for $5,000,000)
York Ontario d
Jforfc1 Few
118877--9900.
New
Western—Preferred stock
Haven et Hartford—Stock
Portchester. 1st mortgage guaranteed.
do
2d rnort., coup, or reg
•>York Penn, d Ohio—Prior lien bonds, gold,$&£
*irt'mort., gold, incomes till July, 1805. $&£...
Wftplem &
do
2d mortgage,
ad mortgage,
Leaded lines
do
incomes.® A £
incomes, $ A
-
rental gold bonds (Cl. & M.)
do
(P. P., P. V. and S. A A.)
Pittsburg d Ohio.—1st M., gold ($18,000 p.
S’.* Y. Prov. d Boston—(Stonington)—Stock
First mortgage
v
Y
K Y.
....
m.)
•
•
•
....
72
Midland of New Jersey
bonds on Paterson Extension
....
A*F'W.Snore d Bu/f.- 1st M., gold (for $50,000,01)0)
....
Norfolk d Western.—Common stock
Preferred (6 per cent) stock;
General mort., gold
...
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
guar. Petersb’rg
do
3d
do
16
98
563
563
428
81
133
133
133
....
1,000
1,000
©
....
®
e
100
....
1873
1881
1880
1880
1880
1880
1872
1873
1881
....
1869
1881
1881
1880
1,000
1,000
500
500
500
500
1,000
1,000
1,000
1,000
....
1882
1881
1882
•
•
.
500
1,000
1,000
....
....
....
....
....
1881
1868
1866
1866
1866
1.000
1,000
1,000
the company acquired the Hartford Providence A Fishkill Railroad by
the payment of its bonds. The new mortgage issued in 1879 was to pay
for the extension of the road to the Hudson River. On Sept. 30, 1881,
there was $1,980,541 of floating debt. In June, 1882, $5,oOO,000 new
bonds authorized, and stock owned by the State offered to the stock¬
holders at 50 per cent. Operations, Ac., for three years past were:
Freight (ton)
Mileage.
Gross
Earnings
$1,971,536
Net
Earnings.
$524,354
36,158 591
36,654,669
41,762,072
43,678,700
2,324,940
771,985
45,702,022
64,562,865
2,692,374
850.876
-(V. 32, p. 121, 335, 367. 420, 444; V. 33, p. 125, 329, 588, 622, 640 ;
V. 34, p. 205, 461, 479, 655, 688, 714; V. 35, p. 79, 161, 212, 298, 348.)
New York Ontario d Western.—September 30,1881, owned from Os¬
wego, 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 miles; total operated, 344 miles. This was the New York &
Oswego Midland. Main line was opened July, 1871. Default was made
in 1873. and the property placed in the hands of Receivers Sept. 18,
1873. The Western Division was sold in foreclosure May 31,1876, and
the main line was sold in foreclosure November 14, 1879. The present
company was organized January 22,1880, and under the plan of reor¬
ganization the holders of receiver’s certificates took preferred stock, the
first mortgage bondholders took common stock for principal and inter¬
est, and tne holders of other old bonds, notes, judgments and claims
were permitted to take new stock at par on payment of 20 per cent
assessment in cash within 30 days from January 22, 1880. And stock
was issued on payment of 30 per cent cash within six months from
Jan. 22,1880, to the holders of old stock and convertible non-mort. b’ds.
From these assessments about $9,000,000 was received, and in Feb¬
ruary, 1881, a contract was made with the North River Construction Co.
(capital $10,000,000) for completing the road. In September, 1881,
further
agreements
road.
were
made with the New York West Shore A Buffalo
The stockholders of record Aug. 5,18 82, had the
taking $10,000,000 of the first mortgage 5 per cent bonds
West Shore A Buff. RR. on paying 50 per cent in cash.
privilege of
of the N. Y.
The annual
report for 1880-£1 was published in the Chronicle, V. 34, p. 174, to
which reference should be made. Preferred stock to receive 6 per cent
(non-cumulative) from net earnings; surplus goes to common.
Years.
....
„
Miles.
344
Passenger
Mileage.
5,290,076
Freight (ton)
344
344
6,346,667
7,251,209
Gross
Net
Mileage.
Earnings.
12,564,218
$523,592
13,974,253
583.212
$35,713
17,508
19,511,452
925,044
217,543
Earnings.
~(V. 32, p. 70, 101,183, 206; V. 33, p. 358, 716; V. 34, p. 87, 174 ; V.
35, p. 132, 161,212.)
Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation July 24,1872, of the N. Y. & New Haven and the Hartf. & N. H.
w \t
The company uses the N. Y. A Har. RR. from Williams bridge
S™
^ity and pays a large toll therefor. The company leases the
Riv. A Port. RR. and guarantee the bonds. In April, 1881, a
SSt0!™ ** interest was bought in the New Haven A Northampton RR.
♦w**
Parties in the interest of this company. Operations, Ac., for
three years wereai t allows:
v
3,000,000
1,000.000
500,000
6 & 7
6
A D.
Payable, and by
Whom.
New York A London.
Bonds—Princi¬
pal,When Due*
Stocks—Last
Dividend.
June 1, 1977
....
6^7
4
6 g.
7 g.
5 g.
5 g.
Jan., 1905
Aug. 1,1902
J. A J. N.Y., Grand Cen. Depot. July 1, 1882
do
A. A O.
do
1903
J. A D. *
do
do
June 1. 1911
M. A 8. London and New York. Maroh 1, 1895
do
J. A J.
do
July 1, 1905
.
M.
M.
J.
J.
rJ.
AN.
A N.
A J.
A J.
A J.
do
do
do
do
May 1, 1910
Nov., 1915
4, 5,6
London, Co.'s Office.
Jan., 1902
2 Ac.
do
do
Jan., 1903
New York Agency.
6 gJuly 1, 1921
N. Y., M. Morgan's Sons. Aug. 10,1882
2
Q.—F.
J. A J.
do
7
do
July 1, 1899
4
A. A O.
do
do
April 1, 1901
6
6 A 5
6
3,500,000
250,000
3,000,000
600,000
1,000,000
3,000,000
15,000,000
6,500,000
496,000
703,000
581,300
452,800
J. A J. N. Y., Kidder, P. A Ob.
F. A A.
do
do
,
6 g.
5 g.
6 g.
3
(?)
200 &c.
200 Ac.
the 21st of December, 1881:
Amboy to Long Branch, 23
35,930,000
13,680,000
29,000,000
5,355,000
3,568,000
(?)
300,000
500 Ac.
Bay Head, 1 total length, 38 miles. Capital stock, $2,000,000. It is
leased to Central RR. of New Jersey, forming part of the Long Branch
Division of that road. (V. 33, p. 642, 745.)
New York d New England.—Sept. 30, 1881, mileage owned was as fob
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles; Providence to Willimantic, 58 miles; branches—Brookline, Mass.,
to Woonsocket, R. I., 34 miles; E. Thompson, Conn., to Southbridge,
Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles;
Charles R.to Ridge llill, Mass., 2 miles; Dorrauce Street, in Providence,
1 mile; totaj^awned, 333 miles.
Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34
miles; Norwich A Worcester RR., 66 miles; total leased, 119 miles; also
kg# running arrangements over 26 miles more Total operated, 478 miles.
The extension from Brewsters to Fishkill on the Hudson River was
completed Nov., 1881.
This was the Boston Hartford & Erie Railroad, which became insolvent
and was suceecdedby this company, formed in 1873. The Boston Hart¬
ford & Erie’s principal debt was the Berdell mortgage for $20,000,000,
which fixes the stock of this present company ($20,000,000). In 1878-9
Mileage.
J.
....
8,000,000
187-90.
1.000
500 &c.
100
miles; New Egypt A Farmiugdale RR., from Long Branch to Ocean
Beaeli, 7; Long Branch A Sea Girt RR., from Ocean Beach to Sea Girt,
3; New York 6c Long Branch Extension RR., from Sea Girt to Point
Pleasant, 3 ; Long Branch it Barnegat Bay RR.,from Point Pleasant to
Passenger
187-90.
6
$508,008
2,000,000
(?)
Ac.
Ac.
Ac.
Ac.
101, 183. 396, 553, 613, 685; V. 33, p.58,74, 101, 202,
Miles.
285
316
478
xBM
Rate per When Where
Cent.
Payable
2,000,000
58,113,982
15,500,000
2,000,000
1,000,000
...
consolidated under the corporate title of the New York & Long Branch
Years.
Outstanding
10,000,000
(?)
®
329, 433, 588, 601, 622 ; V. 34, p. 1, 1 43, 147, 231, 409, 435,475, 673,
688 ; V- 35, p. 51, 103, 160, 348, 405, 430, 431.)
New York d Long Branch .—The following-named companies were
Railroad Co., by vote of the stockholders, on
New Yerk 6c Long Branch RR., from Perth
BONDS.
12,753,000
1876
1882
....
Mexican—1st mort., gold land grant..
BY Wood haven d Rockaway.— 1st mortgage
Niagara Bridge d Canandaigua Stock
-IV 32, p.
•
83
50
12
First mortgage.
Mortgage
F Texas d
344
344
153
12
12
427
460
460
....
Susqueh.d Western—New mort. ($2,500,000)..
V
•
460
*
....
1882
478
263
Amount
$300Ac.
38
York d Long
AND
INTERE8T OR DIVIDENDS.
Miles Date Size, or
of
of
Par
Road. Bonds. Value.
^ZTvork Lake Erie d Western-f Continued)i? Y L. E. & W. income bonds (non-eum.)
»ew
STOCKS
J. A J.
A. A O.
J. A D.
A. A O.
J. A J.
J. A J.
8
.
8
6
6
N. Y., Nat. Park Bank.
do
do
do
do
New York A London.
New York.
N.
Y., Fisk A Hatch.
A. A O.
.
1
6 g.
-
.
.
1911
April 1, 1910
Oct.
1911
1, 1912
July. 1931
Jan. 1, 1902
Oct. 1, 1882
.
Q.-Mch
Sept. 15,1882
M. A N. N. Y. and Philadelphia.
May 1, 193
J. A J. Norfolk, Va.,Ex.Nat.Bk. July 1, 1893
N. Y.,Nat. Park Bk.
J. A J.
Jan. 1, *84-’90
Jan. 1, '84-. 90
J. A J.
Petersburg, Va.
do
do
J. A J.
Jan. 1,'96-19 Op
Net
Div.
Passenger Freight (ton)
Gross
Mileage.
Mileage.
Earnings.
Earnings, p. o.
63.187,479 $3,912,743 $1,670,862
103,113,443
10
125.300,345
78.372,806
4,252,814
10
1,653,565
1,953,044
4,946,607
10
152.730,696 116,611.607
-(V. 32, p. 421,578; V. 33, p.224,561,718; V. 34, p. 58; V. 35, p. 21,
297, 298.)
Years.
Miles.
152
152
153
New Yo^k
Pennsylvania d O—Dec. 31, 1881, owned from Salamanca,
N. Y., to Dayton,'O., 388 miles; branches—Meadville, Pa., to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned
423 miles. Leased lines— Clove. Sc Mahon. RR Cleveland, O , to Pa. Line
,
and branch, 81 miles; Niles Sc New Lisbon RR., Niles to New Lisbon, 36
miles; Liberty & Vienna RR,, Vienna Junction to Vienna, 8 miles; Ohio
Line to Sharon, Pa., 2 mile; Sharon R’y, and extension. 14 miles; total
operated, 565 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 Dee. 9, 1874. Sold Jan. 6, 1880, and reorganized by
a
London committee of stock and bond holders. (See V. 30, p. 143.) Five
are to exercise the voting power of the new stock until the third
mortgage bondholders receive 7 per cent interest in cash during three
trustees
years.
Three of these trustees aro to he chosen annually by a majority
value of the first mortgage bondholders, one by the second mort¬
gage bondholders, and the fifth by the leased line bondholders.
See
V. 31, p. 607. The new bonds or the reorganized company, subse¬
quent to the prior lien bonds, are issued upon the following basis:
in
(1.) The first mortgage bonds to bear 5 per cent interest till January
1, 1881, and 7 per cent thereafter, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capi¬
talized in bonds of the same class; payment of interest to become abso¬
lute not later than July 1,1895, and until June 1, 1895, the right to
foreclose the mortgage is suspended.
(2.) Second mortgage bonds to
receive 5 per cent per annum, after prior mortgages, if earned. (3.)
Third mortgage bonds receive 5 per cent interest, if earned, after prior
bonds. On the second and third bonds there is no right to sue the com¬
pany or to foreclose. The stock is—pref. shares, $10,00o,000; com.
shares, $35,000,000.
The leased lines’ bonds are not a lien of this
company; those of 1872 are to receive 4 per cent for the first three
yen's; 5 per cent thereafter for six years, and 6 per cent thereafter
until maturity. The leased lines’ bonds of 1873 are to receive the net
profits up to 7 p. c. (but not less than 2 p. c. during the first two years)
arising from the working of the lines whose securities are held by trustees.
On Jan. 1,1882, tne coupon on 1st mortgage bond was parsed.
The
annual report in V. 34, p. 313, gave the gross earnings for 1881, $5,494,-
112; netincome, $1,650,348 ; disbursements, $1,643,435.
-(V. 32, p. 333 ; V. 33, p. 226, 502, 588; V. 34, p. 87, 265, 292, 313,
605; V. 35, p. 103, 373.)
New York
Pittsburg d Chicago.—This Is the projected line from Red
Bank, Pa., to Huntington, Iud., and to Chicago, forming a western con¬
nection for the Central of New Jersey. The company is building from
Wampum, Pa., to Marion, O., 165 miles, and the whole route trom New
City to Marion, O , is expected to be in operation by Jan. 1, 1883.
Henry Day, N. Y., is trustee of the mortgage, and Gen. J. 8. Negley,
York
Pittsburg, is President.
N. Y. Prov. d Boston.—Sept. 30,1881, owned from Providence. R. I., to
Groton,Conn., 63 miles; Warwick RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads. 10 miles; total oper ited, 83 miles. Owns a
majority interest in the Prov. & Ston. Steamsiili Line, which has a capi¬
tal of $1,400,000. For the fiscal year ending Sept. 1, 1881, annual
report is given in V. 33, p. 715. Operations and earnings for four years
past were as follows:
Div.
Passenger
Freight (ton) Gross
*Net
Years.
Miles.
63
63
Mileage.
Mileage.
Earnings.
Income.
Fo°-
10,405,601
$710,038 $398,116
17,858,442
8
689.008
318,656
19,377,410
11,467,971
8
11,290,326
349,096
779,885
71*2 22,167,232
8
73
957,717
22,862,036
13,098,143
355,245
*
Including div. from Stonington Steamboat Co., and other receipts.
-(V. 32, p. 368 ; V. 33, p. 559, 715.J
..
..
•New York Susquehanna d Western.—West End, N. J., to Unionville,
N. Y., 71 miles; Ogdensburg to Gravel Place, Pa., 60 miles; blairstown
RR. purchased, 11 miles; Paterson extension, — miles. (Road opened to
Gravel Place. Oct., 1882). This was a consolidation in June, 1881, of
the Midland of N. J., the Paterson Ext., the North Jersey, the Pa. Midland
and tne Midland Connect’g railroads. Stock, common, $13,0o0,000; pre¬
ferred (cumulative 7 per cent), $8,000,000. The N. J. Midland junior
securities were exchangeable into stock of this company on certain terms
till Sept. 15, 1882. Gross earnings, 1881, $640,851; net, $2L6,42L ( V.
33. p. 255, 282, 716, 718 ; V. 34, p. 62, 205, 479, 521, 573 ; V. 35, p.
189, 213, 291. 431.)
New York Texas d Mexican.- Line in progress from Rosenborg June
tiou, Texas, to Brownsville, 350 miles. Mortgage $22,850 per mile,
covering 5,120 acres of land, or half the grant, wJtuoh is 10.240 acres per
mile. About 95 miles finished by May, 1882. (V. 34, p. 575; V. 35, p.
22, 161.)
DESCRIPTION.
,
j Miles
—
For explanation of column
on
first page
headings, Ac., see notes!
of tables.
Norfolk d Western—(Continued)—
Virginia & Tennessee—Enlarged mortgage
do
do
_
do
do
214
214
4th mortgage
stock, 6 per ct. pref
223
223
223
76
88
56
56
2a mortgage
General morttrasre bonds
187-90
1854
1865
Northern (Cal.)—1st mortgage
Ban Pablo
Tulare—1st rnort
Northern Central—Stock
.
1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund.
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, general rnort., gold, s. f., coup., $ or £
2d general rnort., “A,” coupon
do
“B.” coupon
Union RR.. 1st mortgage
2d mortgage, gold
do
Northern Central (Mich.)—1st mortgage
Northern, N. II.— Stock
102
102
102
102
112
47
322
138
138
138
138
138
138
138
138
‘
’
1,500,000
2.569.500
1,200,000
899,350
86,000
820,000
50
50
500
500
M.
M.
M.
I.
236.000
1,000
3,148,000
1,023,000
50
6,500,000
l V.
Me
Netc York West Shore d Buffalo.— This was a consolidation in July,
1881, of the N. Y. West Shore A But-., the Jersey City A Albany and the
North River railroadsIt is building (by the North River Construction
Company) a line from Weehawken, N. J., to Cocyinaus, on the Hudson
River, and thence to Buffalo parallel to the New York Central (425
miles), and connecting with the road of the New York Ontario A West¬
ern at Middletown, N. Y., by a branch from Cornwall on the Hudson.
The New Voi-k terminus is through the new tunnel at Weehawken.
A
full account of the work and the resources of the Construction Com
puny was given in the Ciikomoi.k of Sept. 2. 1882. (V. 35, p. 267.) The
stock is $40,000,000 and 1st mortgage bonds $50,000,000, the U. 8.
Trust <’o of New York being trustee.
(V. 33, p. 24, 226, 358, 528; V.
34, p. 52, 715; V. 35, p. 266, 339.)
N. F. Wood haven d ltockaway.—June 30,4882, owned front Glendale
Junction, L. I., to Rockaway Beach, 12 miles. By eontiact with Long
Island RR. is to control all travel to the Beach by rail. The stock is
$1,000,000. Income bonds. 6 percent, $1,000,000. (V. 31, p. 265)
Niagara Bridge & Canandaigua — Oct. 1, 1881, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is 'leased in
perpetuity to the New York Central A Hudson at $60,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
Norfolk d Western.—Sept. 30,1882, owned from Norfolk, Va.. to Peters¬
Philadelphia Office,
'do
v
do
& N.
A S.
& S.
A J.
do
do
do
no
1903
Charleston, Office.
do
do
Central Pacific RR.
do
do
Baltimore A Pliiladel.
Nov., 1882
Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1907
April 1, 1908
July 15, 1882
Annapolis.
Baltimore.
I A. A O. Baltimore A Pliiladel.
Baltimore,
!J. A J.
do
A. A O.
J. A J.j London A Baltimore.
Baltimore,
J. A J j
do
J. A J.
do
J. A J.i
London.
M. A N.;
2,932,000
1,000,000
783,000
600,000
1,525,000
100
100 Ac.
100 Ac.
Nov., 1888
1901
Aug. 25, 1882
Jan. 1. 1885
May 1, 1890
Nov. 1,
i Q.-J. !
A J.
4,526,000
J. A I).
3,068,400
1,000,000
1 83,000
200,000
Irredeemable.
July, 1885
April, 1900
July 1, 1900
July 1, 1900
July 1, 1904
•fan. 1, 1926
Jan. 1, 1926
1900
1903
June 1, 1882
In 1881
i
....
Boston, Office.
New York, Office.
A
A
1900
Sept. 1, 1882
Sept. 1, 1882
!J.
2.599,000
205,000
ioo
do
do
do
do
| A. A O.i
\j: a j.|
1,500,000
1,490,000
1,126,000
1856 i 500 Ac.
1865 | 500 Ac.
1868
1,000
1868 j
1,000
1874
1,000
1876
1,000
1876 ;
1,000
500 <fec.
500 &e.
1878
1860
July 1, 1884
d<5
Company Shops, N. C.
S.
S.
N.
N.
J. & J.
M. A N.
J. & J.
1.930.500
’
»Northern of New Jersey—Stock
1st inerttraire, extended
2d mortgage
Fourth Nat. Bk.
do
Q.-F.
4,399,750
50
500 Ac.
500 Ac.
1860
1860
1877
1878
A
&
&
&
3,000,000
1,000,000
210,000
1,100,000
100
500
1881
for 2d rnort
M.
M.
M.
M.
N. Y.,
& J.
& J.
55,600
ioo
67-’68
1881
J.
J.
$ 990,000
1,000,000
$1,000
1,000
'
North Carolina—Stock, common
Preferred stock..
Mortgage bonds
North Pacific Coast— 1st and 2d mortgages
North Pennsylvania—Stank, guar
1st mortgage
Bonds secured by $1,200,000 stock
Northeastern (S. O’.)—Stock, common
Pref. stock (8 per cent) exchangeable
1st mortgage, new
2d mortgage, new
of
Road.
July, 1888
J.|J. City, Hudson Co. B’k.
S.!
do
-
March, 1889
do
$600,000. The consolidated general mort.(gold)
$10,000,000 to retire all prior bonds; the bonds are issued
as series *‘A” and “B” $ or £, series “C” dollar and the “million
dollar” loan.
Under the 2d general mortgage of 1870 $1,000,000 more
Income account for four years as follows:
may be issued as Series C.
Union RR. in Baltimore,
of 1874 was for
1879.
1878.
$
5,443,700
1,795,119
132,512 I
163,797 5
1,656,254
1,595,308
2,091,423
$
467,742
895,140
452.097
89-.000
1,927,922
$
476,212
$
3,723,456
4,107,949
Net earnings.
Interest
Other receipts
1.118.959
211,179
180,313
1/240,008
118,339
Total net income...
Disbursements —
Rentals l’s’d lines. Ac*
Interest on debt
Dividends.
Miscellaneous
Balt. A Potomac int.
1,510,431
Total gross
Net
earn’gs..
Receipts—
$
484,357
894,930
1881.
1880.
$
5,050,337
$
200,901
,
$
271,668
935,882
(2) 146 013
(6) 350,517
113,33 L
196,494
10,146
37,177
1,806,523
Tot. disbursements
1,485,585
1,416,142
Balance, surplus.. .
2 1,896
179,166
284/
*
Includes rent of roads and interest on equipment.
1,809,934
100/298
63.200
117,988
burg/Va., 81 miles; Petersburg, Va., to Lynchburg, Va.. 123 miles;
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto City Point. —(V. 32, p 121, 230, 232, 287, 578; V. 34, p. 115, 228, 231; V. 35, p.
Va., 10 miles; Junction toSaltville, Va., 10 miles; New River Bridge to 236, 374.)
Pocahontas Va., 75 miles; Cripple Creek Branch, 60 miles; total oper¬
Northern Central (Michigan).—Jonesville, Mich., to Lansing, Mich., 61
ated, 563 miles. This was a consolidation, November 12, 1870, of miles. Owned by the Lake Shore A Michigan Southern Railway Com¬
Norfolk A Petersburg, South Side and Virginia A Tennessee; in all, pany. Stock, $610,000. S. V. Irvin, President, Albioq, Mich.
with branches, 428 miles.
In all these routes the State of Virginia
Northern, N. II.—March 31, 1882, owned from Concord, N. II., to West
held the controlling interest, and sold out to the company for $4,000,000
Lebanon, N. II., 70 miles; branch, Franklin, N. II., to Bristol, N. II., 13
in second mortgage bonds. Default on consolidated bonds was made
miles; total, 83 miles.
The net earnings for the liseal year ending
October 1, 1873, and the road was sold in foreclosure Feb. 10, 1881, to
March 31, 1882, were $122,729;
in 1881, $102,223; in 1879-80,
Mr. Clarence II. Clark, of Philadelphia, for $8,605,000, on behalf of
$112,438. and in 1878-9 $107,372. Prior to that date, earnings were
capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182). larger. (V. 32, p. 610; V. 34. p, 602.)
reorganized company is now the Norfolk A Western.
The com¬
issued $15,000,000 preferred stock, $3,600,000 common stock, and
$10,778,600 new mortgage bonds, to be used according- to the plan
The
pany
published in the Chronicle, V. 32, p.334,421. The statement of earn¬
ings, expenses, Ac., to Dec. 31,
and earnings for four years past,
1881.
was til
V. 34. p.
ending June 30, were:
Northern of New
Jersey.—Sept. 30, 1881, owned from Bergen, N.
J., to
Sparkill. N. Y., 21 miles; leased Sparkill to Nyack, 5 miles; total oper¬
ated, 26 miles. This road was opened October 1, 1859. By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35
It is understood the contract is termin¬
per cent of its gross earnings.
notice. Gross earnings in 1880-81, $264,763;
(V. 32, p. 61 1.)
Northern Pacific. — September 5, 1882, (about two months later
than the close of fiscal year) mileage was as
follows: Eastern
Division-Main line—Superior City, Wis., to end of track beyond
Billings, 909 miles; half interest in road between Thompson Junction,
Minn., and Duluth, 24 miles; Brainerd, Minn., to Sauk Rapids, 60*3
miles; Sauk Rapids to St. Paul, 75*2 miles; total, 1,069 miles. Western
Division—Main line—New Tacoma to Kahuna, W. T., 105 miles; New
Tacoma to Wilkeson, 30 miles; Wallula Junction, W. T., to Thompson’s
No. Carolina.—May 31,1831, owned from Goldsboro to Charlotte, N. C.,
Falls, 325 miles-; total, 46J miles. Total completed road, 1,529 miles.
223 miles. The property was leased Sept. 11, 1871, to the Rich. A Danv.
Branch lines—Eastern Division—N. P. Fergus A Black Hills RR. from
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6 Wadena, Minn., to Breckeuridgc and
Pelican Rapids, 80 miles; L. F. A
per cent are paid on the stock, of which the State of North Carolina holds Dak. RIt. from L. Falls to Morris, 87 miles; Casselton Branch, 43 miles;
$3,000,000, and the dividends thus received by the State are applied to Jamestown A Northern RR., 35 miles; Fargo A Southwestern, 40 miles;
her bonds issued to the North Carolina RR. (V. 33, p. 99; V. 34, p. 550.)
total branch lines, 285 miles. Total mileage main line and branches,
North Pacific Coast.—Dee. 31, 1881, owned from Saueelito to Moscow
1,814 miles. During the present year (1882) the Company will extend
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael its main line from Kahuna, W. T., to Portland. Oregon, a distance of 44
to Sau Quentin, 4 miles ; total operated, 80 miles. Stock, $2,500,000.
miles; at Portlaud connection is made with Oregon' Railway A Naviga¬
Earnings in 1881, $277,186: net, $08,994.
tion Co.’s line, running to Wklluia-Junction, a distance of 250 miles,
No. Pennsylvania.—Nov. 30, 1881, owned from Phila., Pa., to Bethle¬ making an unbroken line from Wilkeson to Thompson’s Falls. The gap
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lans- under construction Sept. 5 between the Eastern and Western divisions
clale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total, was about 4S5 miles, and will be completed during the summer of 1883,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are making a through line from the Great Lakes to the Pacific Ocean.
This company was chartered by act of Congress July 2, 1864, to buna
operated under contract. In May, 1879, was leased to Phila. A Read.
from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬
Northeastern (S. C.)—Sept. 30, 1881, owned from Charleston, S. C., to
land, Oregon, 200 miles. The land grant was 20 sections per mile m
Florence, S. C., 102 miles. This company has earned the interest on its States and 40 sections in Territories. The company defaulted January,
bonds and preferred stock with a good surplus. In 1878-9 gross earn¬
1874, and the road was foreclosed August 12, 1875, and reorganized by
ings were $346,267; net earnings, $135,364; in 1879-80, gross, $404,- the bondholders’ committee Sept. 29, 1875. To the bondholders new
894; net, $185,659; in 1880-81, gross, $484,760; net,
The preferred stock was issued at the rate of $1,400 for each $1,000 bond.
preferred stock is exchangeable for second mortgage bonds.
Pref. stock is entitled to 8 per cent, not cumulative; then common to
Northern Califot'nia.- Dec. 31, 1881, owned from W. Oakland to Sui- 8; then both share.
.
The preferred stock is taken in payment for the company 8 lanmi
aun, Cal., 47 miles; extension, Woodland to Willows, 65 miles; leased
San Pablo & Tulare Railroad—Martinez to Tracy City, 47 miles; total east Df the Missouri River at par (3,188,016 acres), but has no lien
operated, 159 miles. Completed in 1878 and leased in part to the whatever on the road; the Missouri Division bonds and venu
Central Pacific since Jan. 1, 1876, at a rental of $1,500 per month for d’Oreilie Division bonds are receivable for lands on those sections, pf
Northern and $300 per month for 8. P. A T. The Northern stock is 1881-82 the sales of land east of the Missouri River were 287,455 acres,
$4,710,500, cand San P. A T. stock, $1,861,009 w. V. Huntington, for $1,035,692.
T
1QQ1
President. 8au Francisco.;
A syndicate took and sold $20,000,000 of the bonds m J’
and $10,000,900 more bonds in 1882, leaving another $10,000,009, on
Northern Central— Dec. 31,1881, owned from Baltimore. Md., to Sun
bury, Pa , 138 miles; branch—Relay to Green Spring, 9 miles; leased— which they have an option in 1883. The mortgage is for
Shamokin V»J. A .Ccusv. RR., 28 miles; Elm. A W’mspt. RR., 78 miles; per mile of road, CentraL Trust Co. of Nr Y., trustee. The
operated ai cost—Chem. RR., 22 miles; Elmira Jeff. A Can. RR. 47 miles; received in payment for lands at 110 and interest, and proceeds or iau
total. 322 miles. This was a consolidation or several roads in Jan., 1875. sold must be applied to redemption of these bonds at a price not exte
The terms of
the several leases will be found under the names ingllOand interest. Sinking fund of one per cent p< r annum oeg
of Cue leased road.
In Aprii, 1882 purchased at par the stock of in 1885.
Net
Gross
Freight (ton)
Earnings.
Earnings.
Mileage.
70,797,576
$1,781,710 $186,889
612,043
8,079,780
73,662,180
1,673,131
913,413
9,244,356
98,595,455
1,930,011
2,001,101 1,009,724
1881 (l023mos)428
—(V. 32. p. 182, 334. 395, 421, 501. 527, 569, 578; V. 33, p. 74. 357,
433, 5 59, 587, 687 ; V. 34, p. 61, 292,,409, 708; V. 35, p. 132, 182,236,
374.)
Years.
Passenger
Miles
428
428
428
Mileage.
9,470,228
able bv either party on
net, $72,108,
.
bonds
October,
KAILROAD
1882.]
STOCKS
AND
BONDS,
Subscribers will confer a great flavor by giving Immediate notice
of any error
DESCRIPTION
Miles
Date Size, or
Amount
of
of
of column headings, Ac., see notes
Par
Rate per
^ flr8t page of table8.
Road. Bonds Value. Outstanding
Cent.
781
08
Pacific—Vret. stock(8 p. c., not cum’tive)
Mortgage and land grant bonds, Missouri Div...
Mortgage and land gr.
1,814
1,814
205
209
850
bonds. Pend d’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. m., coup, or reg.
Dividend certificates...
Northwestern Ohio—Stock..
Norwich <£ Worcester—Stock
New bonds, coupon
1870-SO9
....
79
66
66
122
Ogdensbnrg <6 Lake Champlain—Stock
Sinking fund bonds
Mortgage bonds (redeemable July, 1800)
Consolidated mortgage (for $3,500,000)
income bonds, not cumulative
Ohio Central—1st mortgage gold
Income bonds (noil-cumulative)
Terminal mortgage bonds
1st mort., Mineral Div
....
118
118
'
....
200
200
200
26
26
615
393
148
393
393
393
do
Incomes,
Ohio <£• Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
1
Income and funded debt bonds
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.A Til. SEO 1st M. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Bonds (not mort gage) coupon
Bonds
do
do
and registered.....
do
do
do
do
do
Bonds
do
Oregon <& California—1st mort., gold
Bonds
Bonds
....
....
1879
1879
1881
•1883
....
....
1877
....
1870
1877
1880
1880
1880
1880
1880
1881
1881
....
$100
100
100 Ac.
....
l,000Ac
1,000
1,000
371,000
600,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
100
100
1,000
123
1881
1,000
1,000
1,000
1,000
128
455
1881
1,000
•
•
•
•
....
....
...
306
....
1864
1874
1875
1876
1877
1381
lft 80-81.
$
068,621
1,000
£200
100
1000Ac
1,000
1,000
1,000
1,000
1,000
1881-82
118,599
$
1,302,261
3,909,423
218,621
2,994,519
2,025.389
5,430,305
3.572,839
$909,130
Freight
$1,857,466
2,207,299
Mail, express, Ac
Total
Operating expenses
earnings
67*64
65*80
-(V. 33, p. 154, 588, 687; V. 34, p. 87, 177, 231,344,549,575,604,
637,655,707; V. 35, p. 22, 45, 71, 103, 182, 213, 237, 266, 321, 339,
345, 405. 431.)
Northwestern Ohio—Dec. 31, 1881, owned from Mansfield to
ToledoOliio, 86 miles, but leases 7 miles to P. F. W. A Ch. RR. This was a
eon,
solidation of the Tol. Tiitin A East., the Mansfield Coldwater A L.
M.,
and the Toledo A Woodville roads.
Leased to Penn. Company at cost
of operating.
In 1880 gross earnings $276,165; net, $49,070. In 1881
gross, $290,285 ; net, $47,158.
Norwich d: Worcester.—Sept. 30, 1881, owned from
to Worcester, Mass., 59 miles; branch: Norwich to
miles; total, 66 miles.
Norwich, Conn.,
Allyn’s Point, 7
In 1869 the road was leased to the Boston Hart¬
ford A Erie for 100 years, the lessees to
pay all liabilities and 10 per
cent on the capital stock.
There has been some discussion as to
reduc¬
company has the option to termi¬
nate the lease, and now operates under
temporary agreement (see V. 28,
p. 200). Earnings, Ac., for five years past have been as follows :
Years.
Gross.
Net.
Total.
Int. A Div.
1870-77
$716,635
$315,107
ing the rental, and the present lessee
*•
666,883
666,830
269,779
274,457
707,581
291,390
274,706
736,481
$416,243
1,403,610
100 Ac.
222
do
do
do
Earnings (whole line)—
Passenger
187-90
1,000
312,095
741,316
$309,229
283,764
283,809
404,715
928,706
283,905
284,978
6
6
6 g.
6
(1)
100
100
1862
1868
1868
1871
1873
1874
....
49,00o,000
2,423,000
3,561,000
30,000,000
2,000,000
2,604,400
400,000
3,077,000
....
When
998.650
3,000,000
3,000,000
600.000
300,000
300,000
20,000,000
4,030,000
-
5
6
2
8
6
6
3 A
6
7
6
6
7
Payabh*
Whom.
Dividend.
174.000
g.
g.
J.
J.
J.
34J
3i«
32 000
5
1,692)000
’7
500,000
6
0
6
6 g.
1,100,000
2,000,000
6.000,000
New York Office.
do
do
do
do
do
do
Jan’y.
g.
7
7
6 g.
7
7
7
6
6
6,688,000
112,000
3,829,000
140,000
2,009,000
1,920,000
1,920,000
7,533,800
Jan., 1883.
M. A N.
M. A S.
J. A J.
J.
M.
J.
M.
J.
A.
A.
J.
6
Bonds—Prinoi
pal, When Duo
Payable, and by Stocks—Last
I Where
$41,909,132 lUiocert
....
In February, 1881, parties interested in the Oregon Navigation A
Railroad Co. purchased a controlling interest in the stock, which is held
by the “ Oregon & Transcontinental Co.;” the 180,000 shares of com¬
mon stock never issued since reorganization were partly
distributed.
In Sept., 1882, a dividend,in certificates of lli10 per cent,
amounting
to $4,1167,400, was declared on the pref. stock
payable Jan. 15, 1883.
Tils last annual report is in V. 35, p. 345. Earnings.
Ac., were;
Net earnings
Percent of operating expenses to
discovered In these Tables
INTEREST OR DIVIDENDS.
pnP
For pvnianation
expmua
JVTori him
xlv
M.
A.
J.
J.
A.
M.
M.
J.
J.
J.
M
M.
J.
M.
F.
I.
May 1,’1919
Sept. 1, 1919
Jan. 1, 1921
Jan. 1, 1888
A J. Boston, 2d National Bk.
July 10, 1L882
A S. Boston, N. E. Trust Co. March
1, 1897
A J.
Boston, Oltice.
July 10, 1876
A 8.
do
Mar., 1890
A J.
do
1897
A O.
do
April 1, 1920
A O.
do
April, 1920
A J. N.Y. Metropolitan N.Bk Jan.
1, 1920
do
do
Jan. 1, 1920
A J.
do
do
July 1, 1920
J.
do
do
July 1, 1921
A J.
do
do
July 1, 1921
A S.
A O.
A J.
A J.
A O.
A N.
A N.
A D.
A
A
A
A
A
A
A
A
Years.
D.
J.
N.
Y., 52 William St.
do
do
do
do
London.
N. Y., 52 William St.
do
do
do
do
New York.
do
Boston, OtHce.
Mar.’ 1,'
Oct.
Jan.
Jan.
1875
1882
1, 1898
1, 1898
1,
April, 1911
May 1, 1883
Nov. 1, 1905
June 1, 1921
June 1, 1921
July 1, 1882
S
Sept. 1, 1884
S.
do
March 1, 1894
D.
do
June 1. 1895
8.
do
Sept. 1, 1896
A.
do
Aug. 1. 1897
J. N.Y.. London A Frankf. Julv 1.
1921
Miles.
615
615
615
615
Gross
Earnings.
$3,136,836
Net Earnings.
$864,548
3,502,239
1,051,419
4,376,310
1,256,709
1881 (to Aug. 31)
2,649,949
540,992
For calendar year 1881 net earn, were
$959,0 2. No report issued
Various back coupons were paid in 1880 and 1881. and a full
state¬
ment of proposed adjustment and issues of
$16,000,000 5 per cent
bonds was given in V. 34, p. 177. (V. 32.
p 16. 156, 229. 356, 578,
659,686; V. 33. p. 74, 202, 275, 304,358, 385,412,442,500,642; V.
34, p. 62, 177, 316, 435, 461, 575; V. 35, p. 103, 213, 405, 431,456.)
Ohio Southern.—This corporation is
organized under the laws of the
State of Ohio. The road will extend from the
city of Springfield, Ohio,
to the village of Roekwood on the Ohio River.
Length of road com¬
pleted and in operation June 1, 1882 : Springfield, Ohio, to Coalton, with
extensions and branches, 135 miles.
Stock (par $100), $3,840,000.
Earnings, 1881-2 (nine months), $218,491 ; net, $76,658. B. 8. Hen¬
ning, Pr. sklent. (V. 32, p. 637; V. 33, p. 441; V. 35, p. 51, 101.)
Old Colony (Mass.)— Sept. 30, 1881. owned from Boston to
Provincetown, Mass., 120 miles, and lines to Kingston, Plymouth ami Somerset
June., Mass., and to Newport, R. I.; total. 249 miles; numerous branches,
52 miles in all: leased—Boston Clint. Fitehb. A N.
B., 125 miles; Fram¬
ingham A Lowell RR.. 26 miles; Dorenester A Milton RR., 3 miles ; total
length of all lines, 455 miles. The Cape Cod Railroad was merged in
this October 1, 1872.
In December, 1878, a contract of lease was made
with the Boston Clinton Fitchburg A New Bedford for 999
years, the
Old Colony to operate that road and pay
as rental 10‘J:} per cent of the
gross earnings of both roads.
The last annual report was in the Chron¬
icle, V. 33, p. 525.
Operations and earnings for three years past were as follows;
Passenger Freight (ton)
Net
Gross
Div.
Years.
Miles. Mileage.
453 72,805,238
453
Mileage.
Earnings. Earnings,
p. et
42,450,366 $2,798,029 $1,090,799 ...0
51,169,628 3,518,769
1,201 647 6
53,794,401 3,746,448
1,246,846 6
89,502,519
89,187,583
-t( V. 32, p. 44; V. 33, p. 525 ; V. 34, p. 655 ; V. 35, p. 133.)
Oregon <£ California.—Line of road—Portland, Or., to Roseburg, 198
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Portw
land to Corvallis, 97 miles. Total finished,
306 miles; projected, 295
miles.
The present
Oregon A California Railroad is a reorgani¬
zation of the original Oregon A California, with which lias been
consolidated the Oregon Central. Western Oregon, and
Albany <fc
Lebanon RR. Cos., and it now owns all the railroads, lands, fran¬
chises and properties of those companies. The
company was in defame
after 1873, and the plan of reorganization voted
May 5, 1881, pro¬
vided for the issue of 7 per cent preferred stock for the old indebted¬
ness, $12,000,000 ; and common stock for $7,0. 0,000; also for $6,000,000 new mortgage bonds, of which $1,700,000 were used to redeem
prior lien bonds of lft79, and $4,300,000 are issued to build the exten¬
455
Ogdensbnrg & Lake Champlain.—March 31,1882, owned from Rouse’s
Point, N. Y., to Ogdensburg, N. Y., 118 miles. The earnings of the road
having decreased' of late years, in January, 1880, the executive com¬
mittee issued a circular proposing certain terms ol
adjustment, which
have been substantially carried out. Annual
report for 1881-2 in V. 34,
p. 686. Operations and earnings for four years oast were as follows:
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
122
3,645,831
22,439.405
$472,172 $104,390 sion to a connection with Central Pacific, and the interest on these ia
122
3,769,830
28,037.709
558,816
170,917 charged to construction account till July, 1883. The land grant ia
1880-81
122
3,228,371
584.039
26,970,096
176,410 about 4,000,000 acres. A dividend of 2 per cent was paid on preferred
122
in March, 1882. Net earnings in 1880 were $117,011;
609,324
in 1881,
170,854 stock
70, 122, 657; V. 34, p. 68 6.)
$314,586. For first three months of 1881 company had deficit of $12,481; same period in 1882, net earnings, $87,288. Bonds receivable for
Ohio Central.—Corning, O., to Toledo, O., 184
miles; branch—Hadley lands. (V. 33,
Junction to Columbus, O., 28-miles; total
p. 589, 687; V. 34, p. 316, 686 ; V. 35, p. 133.)
operated, 212 miles. The
6tock was
Oregon Pacific—Road in progress; projected line, 600 miles, of which
$4,400,000—par $100—and in January, 1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to
60 miles from Corvallis to Yaquima is to be finished immediately. Land
buy
the stock of the Ohio Central Coal Co. In
June, 1881, consolidation grant, over 900,000 acres, and covered by first mortgage. Stock ia
with the Rich. A
Alleghanv was voted, and new stock and bonds fc- $30,000 per mile. (V. 33. p. 93, 491.)
extension were subscribed. But in
January, 1882, this plan was aban¬
Oregon Railway c6 Navigation—June, 30, 1882, railroad lines ope
doned and consolidation was made with the Atlantic A Northwestern of
were as follows: Boonev. to Walla Walla (main line)
Virginia, with a capital authorized of $20,000,000, and the line pro- Walla Walla to Texas Ferry, 56 miles; Bolle’s June, 203 miles; branches*:
to Dayton, 14 miles;
lected is to Charleston, West Va.,
consolidated road about Whitman to Blue M’ntain, 14 miles; Umatilla to Pendleton, 44 miles;
400 miles in all, when finished. making the
Car trust certificates, $800,000. (V. Portage Read to Lower Cascades, 6 m.;
Oregonian RR. in Willamette VaL
32, p. 7o,579; V. 33, p. 12, 48, 154, 202,
305, 589,716.; Y. 34, p. (l’sed), 150 m.; total of railway, 487 miles, and 243 more under construe
147,177, 231, 265, 316, 132; V. 35, p. 320, 339.)
tion. Ocean line between San Francisco and Portland, 670 miles ; Puget
Ohio <6 Mississippi.—Dec. 31,1881,
owned from Cincinnati, O., to East Sound lines, 238 miles; River lines, 667 miles; total of water lines,
Bt. Louis,
Ill., 340 miles; Louisville branch. North Vernon to Jefferson- 1,565 miles. Gross income year 1S81-82, $5,128,7?5; expenses ana
yfile, Ind., 53 miles; total Ohio & Miss, line, 393 miles; the Springfield rentals, $2,733,901; interest and dividends, $1,740,743; surplus fer
Division, Beardstown to Shawneetown, Ill., 222 miles; total operated, year, $649,059. An issue of $6,000,000 new stock was voted on Oct.
ol5 miles. The Eastern and
Western divisions were sold in foreclosure 20, 1880, to be sold at par to the stockholders at dates in 1881,
the present Ohio & Mississippi
Company consolidated November 21, 10 per cent scrip dividend was paid to the stockholders when their
io67. On November
17,1876, the company was placed in the hands of last instalment was called for, which scrip amounted to $1,200,000 on
receivers, and afterwards Mr. John King, Jr., of the Baltimore & Ohio June 30, 1882. A further issue of $6,000,000 stook was made to stock¬
Railroad, was appointed sole Receiver; m Oct.,
1881, John M. Douglas holders of Dec. 28,1881, deliverable Feb. 1, June 1 and Sept. 1,1882.
was appointed
Receiver, vice King, resigned. A suit is pending, brought The managers purchased in February and March, 1881, a controlling
to annul the
purchase of the Springfield Div. in 1875 as fraudulent and interest iu the common and preferred stock of the Northern Pacific
void. The various
phases of litigation in regard to this company have Railroad with cash furnished by a syndicate, and the control of botll
"^reported from time to time in the Chronicle. There are yet companies was transierred to the Oregon A Trans-continental. (V. 33,
of old first mortgage 7s (reduced to
6s), Western Division, out¬ p. 48, 177,439, 588 ; V. 34. p. 87, 178,605,688, 707; V. 35, p. 213,
standing. Pret. stock has prior right to a cumulative dividend of 7 374, 457.)
Per cent before
any dividend shall be paid on com.; after payment of 7
Oregon Short Line.—B.oad in progress from Granger on the Union
Pacific into Oregon 600 miles, of which 200 miles completed to July
nceut
Baail be f°r ar,y one year on com., the surplus of that year (if any)
divided between both classes. Operations and t amings for 1882. Built under Union Pacific control, and interest on the bonds guar¬
four yenrB
past:
anteed. One $1,000 bond and $500 in etock sold to U. P. stockholders
.
..
.
..
BAILKOAD
xlvi
Subscriber* will
confer a great faror
by giving immediate
-
DESCRIPTION.
explanation of column
For
on
Oregon
Oregon
first page
headings, &c.
Oregon
Shoi'lL.—lst,gl(l.,int.gu.byU.P.($25,OOOp.m)
$50,000,000)
collateral......
guaranteed
Income
ill
-
9 per cent guar
Consol, mortgage (guar. D. L. & W.)
Owensboro d Nashville—1st mortgage,
$25,000p.m.
16,200,000
5.851,000
5,000,000
1882
1,000
200
100
40,000,000
1,000 20,000 p. m.
1882
350,000
1,000
28% 1865
200,000
1866
1,000
1.320,400
50
124,000
58&64 500 Ate.
-
gold
Youngstown—1st mortgage
Painesvule d
2d mortgage, income,
Panam a—Stock
convertible
....
1867
1880
sterling, (£1,000,000)
Sinking fund subsidy, gold
Patei'son <6 IIudson—Stock
Pennsylvania—Stock
Gen. M., Pli. to Pitts., coup., J. & J.; reg., A. & O.
State lien (pay ’tie in annual inst’lm’ts of $460,000)
Consol. M.. coup. J. <fc D., & reg. Q.—M. is. f. 1 p. c.)
General mortgage,
Consol, mortgage, gold
Bonds, reg. (P.W. <fc B. stock
•
certificates
Navy Yard bonds reg.
Car Trust
(extended 20 years in ’81)
Pennsylvania Company—Stock
secured by F. Ft.W.& C. special stock
Bonds, gold, secured by pledge and guarantee
Pennsylvania d New York—1st mort., guar
1st mortgage, guaranteed
Peoria d Bureau Valley—Stock
83,786,570
1,000
19.999.760
1873
1879
1881
1.000
’77-’80
1875
deposited as collat’l)
1,000
1,000
1877
1881
1866
1866
1,000
1,000
1,000
1,000
28.610,540
5,000,000
9,600.000
5,048,000
1,000,000
20,000,000
2,815,000
10,000,000
50
105
105
47
254
1,000
1,000
1880
1880
1880
accumulative
M. & N.
J. & J.
M. & N.
Co. July 1, 1909
Feb.
1, 1922
6 g.
5
Feb.. 1891
Aug., 1882
1880 & 1885
1907
1931
Jan. 1, l9io
Jan. 1, 1915
•
New York, Agency.
do
do
New York, Office.
Loudon.
New York.
New York.
0)
’84 to ’89 &’97
Nov. 1,1910
Jan.
1, 1901
Dec., 1881
do
do
& J.
& D. Pittsburgh, Co.’s Office
N. Y., Nat, City Bk.
Q.-J.
New York.
J. & J.
J.
J.
2%
6
4%g.
7
7
4
J. & D. Phila., B’k N.
do
J. & D.
F. & A. N. Y., Chic., R.
6 g.
6
6
1.470.000
May 1, 1922
May, 1915
July 5, 1882
May 29,1882
Philadelphia, Office.
1910
Q.-J. Philadelphia & IiOndon.
Au uually.
A. & O.
Philadelphia, Office.
Q.-M. Philadelphia & London. .Tune 15,1905
Dee. 1, 1909
do
do
.1.
D.
do
do
July 1, 1921
J. & J.
Phil.,Pa., Co., for ins.&c.
4
858,000
1.000
•
& J.
& J.
Q.-F.
6
5
6
5
1,500,000
1,500,000
1,500,000
8,400,000
1,287,000
100
....
Oct. 1, 1900
Nov. 1, 1882
N. N.Y'.,Farmers’L.«fcT.Co.
N. N.Y., Farmers’ L.&T.Co.
do
do
A.
A. N. Y., Del., L. & W. RR.
do
do
N.
do
do
S.
A. & O.
4
3,833,0i 6
&
&
&
&
&
&
....
J.
J.
4%
630,000
1,000
3,547
Reg. bonds,
Peoria Decatur d Evansville—Stock
1 st mort., gold (Pekin to Mattoon)
do
Income bouds,
not
1st mort. (Evansville Div.)
-7
7
6 g7
7
6
7 g.
6 g.
3,989,000
....
M.
M.
F.
F.
M.
M.
4%
2,955,000
1870
Q.-F.
J. & J. N.Y., Farm. L. & Tr.
New York.
F. & A.
7
7,000,000
50
Dividend.
Whom.
A. <fc O. New York and London.
New York.
6 g-
400,000
1,000,000
1,000
pal,When Due
Stocks—Last
.
2,000,000
500 &c.
500 &c.
100
£200
Payable, and by
Payable
.
338.000
1,000
1876
1882
1879
1879
Where
When
6 g2
0 g6
1,000
1879
Oregon <£ Transcontinental—Stock (for
Bonds, gold, secured by 1st mort.
Oswego d Rome—1st mortgage
mortgage bonds
Oswego d Syracuse—Stock,
Mortgage bonds
$1,000
Par
Amount
100
Railway d Navigation—Stock
Mortgage bonds, gold
-
Value.
Rate per
Outstanding
Cent.
1880
grant, gold
Size, or
Bonds
see
of tables. *
Pacific—1st moil, land
notice of any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
Date
of
Miles
of
notes
IVOL. XXXV.
STOCKS AND BONDS.
July 5, 1907
July 1, 1921
June
America,
J.
1, 1896
June 1, 1906
do
Aug., 1882
I. & Pac.
Jan. 1, 1920
Jan. 1, 1920
& J. N. Y., Met. Nat. Bank.
do
do
New York.
M. & S.
Sept. 1, 1920
of the Pennsylvania RR. In July. 1881,
P. W. & B. stock were issued, and they
are drawn yearly at par with the surplus proceeds of Phila. Wilm. &
Oregon d Ti'anscontinental.—This company was organized under the Balt. Stock dividends paid to the trustees, and not needed for the pay¬
A scheme to buy up the company’s guaranteed
laws of Oregon on June 27, 1881, and received from the “Villard Pool” ment of interest.
securities with $100,000 per month from earnings is in operation, and
an assignment of the stock of the Northern Pacilic Railroad purchased
by it. The company’s object is to hold the stocks of the Oregon Railway the entire amount paid by the company into the Trust up to the end of
There had been purchased for the fund securi¬
& Navigation Co. and the Northern Pacific, and to construct connecting 1K81 was $1,900,000.
roads. The total authorized capital is $50,000,000, of which $30,000,- ties of the par value of $2,027,950, which yield an interest of 6 61 per
cent per annum upon the investment.
000 was subscribed for at par. In May, 1882, bonds were offered to the
An abstract of the latest report issued, that for 1881, was published in
stockholders at 90, secured by deposit in trust of first mort. bonds on
new railroads, at $20,000 per mile.
In Oct., 1882, quarterly' dividends the Chronicle (V. 34, p. 287), showing surplus net income of $2,199,265
after paying all charges and 8 per cent dividend.
were voted, to begin in Jan.', 1883, at 1% percent; the issue of $10,000,A summary of the total business of 1831 in tonnage, passengers and
000 additional stock was also authorized.
II. Villard, President, 20
Nassau St., N. Y.
(V. 33, p. 12, 48, 256; V. 34, p. 409, 637; V. 35, p. income, compared with previous years, is shown' in the following :
ALL LINES EAST OF FITTSIJURG
ERIE.
188, 374, 393.)
1878.
1879.
1880. •
1831.
Oswego d Rome.— Sept. 30, 1881, owned from Richland, N. Y., to
Road opened January 1, 1866. It is leased
Gross earnings
$31,636,734 $31,620,279 $11,260,073 $41,124,182
Oswego, N. Y., 29 miles,
to the Rome Watertown & Ogdensburg Railroad at 8 per cent on its
,v
Operating expenses. 18,468,994 20,332,740 24,625,018 26,709,809
stock ($300,000) and 7 per cent on guar, bonds
Net earnings
$13,167,740 $14,237,539 $1^.635.025 $17,414,373
Oswego J- Syracuse.—Sept. 30,1880, owned from Oswego, N. Y., to Syra¬
ALL LINES OPERATED EAST AND WEST OF 1*1TT HITEG <fc ERIE.
cuse, N. Y., 35 miles. Incased in 1868 to tin* Dela. Lack. & West. RR. Co.
1879.
1880.
1381.
for 9 per cent per y ear on stock and interest on bonds.
In 1879-80, Gross earnings from traffic.
$60,362,575 $70,7 61,062 $75,182,973
net, $186,856; payments, $152,471; surplus, $31,385; in 1830-81 sur¬
is $25,000 per mile. (V.
$1,000 cash. The stock
718; V. 35, p. 22,431.)
for
33, p. 126, 716,
issue of $20,000,000 new stock
the 4 per ct. bonds secured by
....
35,639,794 42.179,485 46.243,277
Operating expenses
plus was $21,339.
Ky'., to
Chattanooga
Nashville till July,
& St. Louis, and then operated by' Louisville
881, but now operated by its own company. Stock is $1,156,000.
Painrsvil/e & Youngstown.—May' 1, 1882, owned fromJFairport. Ohio,
to Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2, 1879. Under the reorganization
bonds are issued as above, and the stock is $288,000. The income bonds
have votes, and are convertible into stock. Solon Humphreys, President,
New York. The road went into the possession of new managers in 1881,
and was reported to have gone under Wabash control; on Jan. 1, 1882,
defaulted on 1st mortgage coupons, and R. K. Paige appointed receiver.
-(V. 33, p. 46; V. 34, p. 32, 147.)
Panama
Dec. 31, 1831, owned from Aspinwall to Panama, 48 miles.
Opened through January 28, 1855. This road ha-1 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 $2,955,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
the company. In June, 1881, most of the stock was-sold to pniiies
interested in the De Lesseps Panama Canal Co. The report for 1881 was
in Y. 34, p. 406, and the income accounts for four years as follows;
Owensboro d Nashville.—April, 1882, owned from Owensboro,
Bevier, Ky\, 41 miles. Controlled in 1879 by the Nashville
$24,722,780 $28,584,576 $28,939,695
ACCOUNT—(PENNSYLVANIA RAILROAD COMPANY).
1880
1881.
Net earnings
GENERAL INCOME
Net income Pennsylvania RR.
Net loss New Jersey Division
$10,051,485 $10,131,718
1,035,308
302,865
Division
ficiency in interest
r*l
INCOME ACCOUNT.
1878.
$
earnings
Receipts—
Total gross
Net
Netearning8
Rentals and interest, &c....
Discount on subsidy
Other receipts
-
Total net income
Disbursements—
Interest on debt
Drawbacks on produce
1879.
$
1880
1881.
$
$
1,759,702 1,706,761 1,662,592 1,972,606
1,227,292 1,202,144
1.014,630
1,449,014
217,681
196,269
254,392
158,887
i95,*2i3
264,230
166,667
184,185
1,582,448
$
239,889
1.651,749
1,629,712
$
270,853
9,939
270,747
$
450,604
910.000
6,706
1.120,000
2,398,200
250,000
'250,000
35,000
12,932
Dividends
840,000
Subs’y to U. 8. Colombia, &c.
250,000
Total disbursements
1,342,821 1,440,792
Balance
sur.239,627 sur.210,957
*
Deficit, to which add redemption of subsidy
defloit in year’s results, $1,091,795.
$=
*
1,377,607
1,767,870
$7,638,569
(7)4,820,914
(8)5,861.718
met by Penn. RR
Showing balance to credit of income account
after deducting all payments for which the
)
\
—
I.
1,847,776
*
10,767
credit of profit and loss $2,817,655
from settlement of old
795,220
and profit on sale of securities...
$2,199,265
account for year
Add amount realized
accounts,
350,866
$3,612,875
of profit and loss Jan.
7,793,949
$7,793,918
Add am’nt to credit
$2,550,131
4,181,073
$10,344,079
Philadelphia
1.
Balance to credit of profit and loss Deo. 31..
The monthly range in prices of
have been:
1881.
1882
Jan
67*4- 64 % July....'.
Feb
61%- 597b
66%- 62*4 August..
March.
64 - 59%
673s- 64% Sept’ber.
October
April.... 63%- 60% 70%Nov’ber
May
60%- 55% 69%5878- 53%
June
66%- 64% Dec’ber
-(V. 32, p. 122, 230, 262, 265, 288,
Pennsylvania RR. stock in
62%-~59%
1882.
65%-
66%
64%
1, 115. 265, 287,
358,
-
-
x66 63%-
62%
469. 501, 578;
34, p.
378, 489, 522, 605, 655; Y. 35, 22, 51, 132,161,
613, 635, 686; V. 33, p.
236, 358, 374, 431.)
1881.
65%- 627s
65%- 63*8
62% 66%- 637g
66%- 64
6258- 58%
62%- 61%
289, 334, 336, 422,
23, 93. 125, 226, 358,
469, 583, 745; V.
Company.—'The Pennsylvania Company is a corporation
Pennsylvania Legislature, April 7, 1870, distinct from
the Pennsylvania Railroad, and operates all the leased lines west m
Pittsburg. The stock is owned by the Pennsylvania RR., and in 18W
the common and preferred were merged into one class of stock, mas*
ing $12,000,000, which was increased to $20,000,000 prior to the issue
of the $10,000,000 bonds in May, 1881. The whole number of miles
operated or in any way controlled by this company is 3,5 47. The in¬
come accoimt of the Pennsylvania Co. for 1880 and 1881 was as follows.
1881.
1880.
Pennsylvan ia
chartered by the
1,647,453 2,894,571
def.17,741 *1,046,795
bonds, $45,000; total
V. 33, p. 12, 48, 412; V. 34, p. 406.)
N. J.,
to Paterson, 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 Not earnings Union Line Bureau, and for rents,
real estate and- equipment
$48,400 per year. J. S. Rogers, President, New York City.
Profits from operating leased roads—
Peniisyivania. Dec. 31,1881, the mileage operated east of Pittsburg
and Erie, on which earnings as reported were based, was divided as Pittsburg Fort Wayne <fc Chicago
ollows; Pennsyivama Division and branches, 1,169; Philadelphia & New Castle & Beaver Valley
Lawrence^
Erie Division, 287; United Railroads of N. J. and branches, 430; total Cleveland & Pittsburg
-fV. 32, p. 156, 393, 469, 637;
Paterson d
$8,060,983
Leaving balance to
..
181,081
$9,828,853
$9,016,176
Deduct payment to trust fund, consol, mort.
redeemed, advances to railroads, and de¬
Hudson.—Sept. 30,1381, owned from Jersey Citv,
.
Railroad cover so large a field that a reference to
reports published in the Chronicle is necessary to give
any adequate idea of its working and condition from year to year.
The total cost of stocks and bonds of other companies owned by Penn¬
sylvania Railroad was $79,719,156. and the par value $110,129,429,
In March, 1881, the company purchased 217,819 shares of the Philac^elptlx Wilmington & Baltimore RR., and the directors authorized the
-
the annual
1,715,674
82,176
Received from investments.
Total revenue
Expenses Proprietary Dep.
T
and int. on bonds...
71,226
6,868
307,378
7,924
456,786
577,697
0Perated, New York to Pittsburg, with branches, 1.887. The operations
of the Pennsylvania
-
1,589,543
$762,597
$2,823,741
.
*-
$848,725-
$3,025,159
1,049,349
$3,401,439
$4,074,508
$603,799
$534,747
Octobeb,
RAILROAD
1882.]
STOCKS
AND
BONDS.
Subscribers will confer a great flavor by giving immediate notice of any
DESCRIPTION.
For AXDlanation of
expiau»
wnv
column headings, &c.
ttrgt pag0
Decatur d
Pf/tria
Income
see
Miles Date1
oi
of
Road. Bonds
notes
Qf table8>
Evansville—( Continued)—
bonds (Evansv. Div.), not cumulative....
Peoria d Pekin
1st mortgage,
10
Union-1st mortgage
income
—1st rnoi
*
38
38
11
-
gold, guar. P. & R., (sink. fund)....
Consol moit.,
^Bonds°(\\ot movt),"redeemable after i*882
63
82
*$25,666 yearly)
(payable
bonds
....
ponds, class A
Bonds, class B
Income
....
1877
•
•
•
•
or
Par
Value,
Outstanding
$1,000
$1,230,000
6
1,500,000
1,500,000
Philadelphia d Balt. Central— Stock
1st mortgage (for $2,500,000)
Westchester & Phila., 1st mortgage
100
Philadelphia d Erie—Stock, common
Preferred stock
287
287
29
.
,
,
,
21
892
892
....
779
779
779
779
(extended in 1880)
....
779
779
779
779
leased roads—
1881
1871
....
....
1857
1868
1869
....
....
....
....
....
1880
1843-9
1857
1836
1843
1868
1868
1871
1871
1871
1880.
212,819
Massillon & Cleveland
Pittsb. Cin. Ac St. Louis
Total expenses, interest, &e
,
5,305
148.583
24,384
Indianapolis & Vincennes
Cash advanced to Cin. Richmond & Ft. Wayne..
Net income
Deduct dividend on
50
....
100 Ace.
50
50
<•
1,000
976,000
1,000
1,000
3,000,000
13,943,000
2.231,900
1,200,000
50
50
100 Acc.
50
50
.
Bonds—Princi¬
pal, When Due,
Stocks—Last
•
1,551,800
1,800.000
1,000
1.000
1,000
1881.
233,521
21,011
199,185
19,859
200,000
$2,376,487
$2,800,183
480,000
l,000,uo0
Apr. 1, 1887
June 1, 1913
Nov., 1882
Oct. 1, 1897
Jan/, 1872
Jan,, 1882-’98
Philadelphia, Office.
....
A. & O.
....
7
7
5 & 6 g.
3
A. & O.
J. & J.
1911
Phila., Farm.Ac Mech.Bk
April 1, 1891
Philadelphia, Pa. RR.
do
do
Oct.
Philadelphia, Pa. RR.
Q.-J.
Q.-M.
Philadelphia Ac Loudon.
Phila., Treasurer of Co.
A. & O.
Phila., 227 So. 4th St.
Philadelphia, Office.
1, 1897
July 1, 1888
July, 1920
Sept. 3. 1882
....
6
2%
3%
Q.-J.
4 Ac 6
968,000
1,000
Sept. 1, 1920
A. & O. Co’s Office, Norristown.
J. & D.
do
do
M. & N.
Nashua, Treasurer.
A. & O. Boston, N. E. Trust Co.
J. & J.
J. Ac J.
Petersburg, Va.
....
79,000
182,400
967,200
1,135,300
2,700,000
10,649,000
6,999,000
£100
£500
100 Ace.
New York.
1921
•
5
7
1,510,500
1,000
Dividend.
a
-
32,726.375
....
$1,208,325
per cent
.
•
700,000
1,000
$) ,024,952
capital stock, 4
m
2,500.000
615,000
1,100,000
7,013,700
2,400,000
*
Consolidated mort., $ loan, coupon or reg
do
do
gold, $ or £, coup
do '
do
.$, gold, coup, or reg
Loss in operating
Erie & Pittsburg.
300,000
963,000
160,000
....
40
Philadelphia Germantown d Norristown—Stock. ...
Philadelphia Newtown d New York—Stock
Bonds, guar, by Phila. A Read., coup
Philadelphia d Reading—Stock, common
;
Preferred stock
Receivers’ certincates
Mortgage loans inconvertible, (extended in 1880)
Loan mortgage, convertible
Loan mortgage, sterling, (extended in 1880)
do
147,000
1,324,200
400,000
....
....
....
lstmort., Suubury& E. (extended 20 years in 'll).
2d mortgage
General M., g., guar by Pa.RR.($o,2G3,000 rg. 5s)
do
do
Loan debenture
Loan mortgage
385,000
....
M. & S.
6
6
6 g.
3
6
3
8
5
6
1,125,000
100
500 Ac.
100
....
Rate per When Where Payable, and by
Cent.
Whom.
Payable
799,600
1,000
....
83
62
27
287
discovered in these Tables
6
Amoimt
....
....
-
error
INTEREST OR DIVIDENDS.
Size,
....
bonds
Do
1880
1881
1881
1867
1873
xw
6
6
5 g.
6
6
7
7
6 g.
6 g.
Q.-J.
J.
J.
J.
J.
J.
A.
J.
J.
J.
do
do
do
do
do
do
do
do
Oct.
1, 1897
Jan. 25,1876
July 25,1876
& J.
A J.
& J.
London.
Ac J
do
Ac J.
Philadelphia, Office.
& 0.
do
do
& 1).
do
do
& D. Philadelphia & London.
Ac D.
Philadelphia, Office.
July, 1910
July,. 1886
July, 1910
July, 1910
July 1 1893
,
Oct.
1,
1893
June, 1911
June, 1911
June, 1911
An abstract of the report for 1881 presents the business for the
year
thus: Total revenue, $3,454.309; operating expenses,
$2,430,060
•
nefc
earnings, $1,024,248; from which extraordinary operating expenses for
construction of tracks, sidings, shops, Ac.,
amounting to $135,278 are
deducted, making the actual uet earnings $888,970. To the latter’sum
is added net receipts from rents, $4,835,
making a total net revenue of
$893,805. From tins are deducted charges for maintaining the
organi¬
zation, interest on equipment and drawbacks to the Allegheny Valley
Railroad, amounting to $211;055, leaving a balance of $682,749 The
interest paid on the funded debt was $1,077,995, leaving a deficit for
the year of $395,245.
Balance, being the surplus for the year
$1,896,487 $1,860,183
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Wayne & Chicago special stock. The gold bonds of 1921 are secured by
a
deposit in trust of the leases of the Pittsb. Ft. Wayne <fc Chic, and the
Cleve. & Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris. Edmund Smith and S.
M. Felton. They were issued to supply funds for purchasing the C. C.
& I. C. bonds and other purposes, and the whole authorized issue is $20,-
000,000.
at par.
V. 35, p.
The sinking fund is 1 p. e. per aim. if the bonds can be bought
See V. 32, p. 122.—(V. 32, p. 122, 509, 637; V. 33, p. 72, 120;
101.)
INCOME
1873.
$
ACCOUNT.
1879.
1880.
$
$
1881.
$
Total gross earn’gs...
Net receipts—
Net earnings
Rents
2,921,060
3,091,808
876,111
961,549
2,195
2,292
4,840
Total net income...
878,306
963,841
1,374,220
1,029,085
1,099.473
1,093,720
163,049
1,093,720
lt.2,200
1,077,995
106,567
Disbursem ents—
on debt
Interest
Interest
on
equipm’t..
Pennsylvania d New York (Canal and Railway).—November 30,1881, Extraordin’ry
expen.
191,604
*
3,727,733
.
3,454,309
1,369,380
1,024,250
4,835i
165,345
39,410
37,306
135,278
45,710
1,331,373
1,296,179
Balance, delicit
453,067
332,338
-(V. 32, p. 204 ; V. 34 , p. 196, 263.)
1,399,793
25,573
1,424,328
395,243
owned from Wilkesbarre, Pa., to New York State Line, 104 miles.
Branches to mines, 16 miles. Operated in connection with the Lehigh
Miscellaneous
Valley Railroad. Common stock, $1,061,700, and preferred stock,
$4,000,000. Net earnings in 1878-9, $599,791; in 1879-80, $915,132;
in 1880-81, $J ,000,'. 06. Robert A. Packer, President, Sayre, Pa.
(V.
32, p. 98 ; V. 34, p. 115.)
Total disbursements.
Peoria d Bureau Valley.—March 31, 1882, owned from Bureau Junc¬
tion to Peoria, Ill., 47 miles. The road was leased in perpetuity April
Philadelphia Germantown d Norristown.—Philadelphia, Pa., to Norri*
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 $269,623
and $8,000 yearly for organization expenses. Dividends of 12
per cent
per annum are regularly paid.
14,1854, to the Chicago & Rock Island Railroad at
per annum. Officers same as Rock Island.
Peoria Decatur d Evansville.—Dec.
a
rental of $125,000
31, 1881, owned from Peoria to
Evansville, 235 miles; branch—Stewartsville, Ind., to New Harmony,
Ind., 6 miies; leased, Pekin, Ill., 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 & 8o. and the Grayville & Mattoon. The bonds were
placed on N. Y. Stock Exchange in Sept.. 1880. On July 16, 1881,
voted to issue $2,400,000 new stock for new lines, &c. See V. 32, p. 659.
Gross earnings in 1880, $453,118; net, $195,847; in 1881, gross, $691,
608; net, $;36,904.
(V. 32, p. 288, 659.)
Peona d Pekin Union.—June 30,1882, owned from Pekin to Peoria,
10miles; leased, Peoria to Pekin, 9 miles; total operated, 19 miles.
The road is a union road, and the stock of $1,000,000 was taken by
tlie different Peoria RR. companies.
Opened Feb., 1881, and gross
income to Juue30, $135,898; net, $40,626.
Perkiomen.— Nov. 30, 1881, owned from Perkiomen June., Pa., to
Einaus June, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. & Read’g RR. , and bonds guaranteed by the lessees; but
the property was surrendered and all control
given up in May,
One-half the interest on the consolidated mortgage was paid for 1879.
three
years in Philadelphia & Reading scrip, according to the Philadelphia
^Reading compromise. Stock, $38,040. Net earnings in 1880 were
$118,602; in 1881, $123,129.
(V. 32, p. 101.)
Peterborough.—Sept.
11
30,1881, owned from Wilton to Greenfield, N. H.
miles. Completed Jan. 1, 1874. and leased by Nashua & Lowell
Railroad for 20 years from 1873 at 6 per cent on cost of the road. In
1879 lessees withheld
rental, but a suit was decided in favor of Peter¬
borough. James Scott, President, Peterborough, N. H. (V. 32, p. 16.)
Petersburg.—Petersburg, Va., to Weldon, N. C., 63 miles. In May, 1877
Receiver was appointed and 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. 81,1881. In 1881
gross
aarninga were $306,057; net, $123,074. (V. 32, p. 232,444, 501, 613,
o86; V.34,p. 178, 377.)
»
Philadelphia d Baltimore Central.—Phila. to Westchester, 26 miles;
Westchester Junction to Octoraro Md., 46 miles; leased Chester Creek
Railroad, 7 miles, and Columbia & P. Deposit Railroad. 4 miles; total
^P®rated, 83 miles. This was a consolidation, Oct., 1881, of the Phila.
® -“alt.
Central and the Westchester <fe Phila. railroads. Of the new
stock Phila. Wil. & Balt, holds
$1,669,400, and $615,000 of the bonds.
Philadelphia d Erie.—Dee 31,1881, owned from Sunbury to Erie, 287
v^q68, Zormerly Sunbury & Erie RR. It was leased to Penn. RR. for 999
r^T-8
January 1, 1862, the lessees to pa.\ 30 per cent of gross
rpn!
3,8 rontal, but modified January 1, 1870, so that actual net
f
t»
are l)aitl
as rental.
y.3e*Lei^8yl vania Railroad.
me lessee
for advances.
The consolidated mortgage is guaranteed by
The unpaid coupons of $2,086,200 are held
Last annual report was in V. 34
263.
40,296
Philadelphia Newtown d New York.—Nov. 30,1881, owned from New
town Junction to Newtown, Pa., 21 miles.
Capital stock, $1,200,000
On November 10,1879, the Philadelphia & Reading Railroad
purchased
12,012 shares, giving control of the property, and guaranteed the bonds;
Earnings in 1880-81, $51,695; deficit, $23,406.
Philadelphia d Reading.—Main line, Philadelphia to Mount Carbon,
Pa., 98 miles; branch lines owned, 233 miles; leased lines, 495
miles; other lines controlled, 66 miles; total operated, 892 lines. In
May, 1879, this company leased for 990 years the North Pennsylvania
Railroad and Delaware Ac Bound Brook Railroad, and at same time
gave
up the Perkiomen Railroad.
(See terms of lease under names of tnose
companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal. The Philadelphia & Reading Coal <fe Iron
Company is a corporation formed (Dec. 12,1871) for the purpose of own¬
ing and working the extensive coal properties of this company. The
Philadelphia & Reading RR. Company owns all the stock of the Coal & Iron
Company, and the trustees of the general mortgage of 1874 hold the bonds
of the Coal Ac Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new
properties,
and after paying 10 per cent dividends for some years ceased to
payafter January, 1876. The company was unable to meet all its
obtiga*
tions, and in March, 1877, holders of the general mortgage bonds and
Periokmen guaranteed bonds agreed to take one-half their
coupons for
ie
three years in 6 per cent scrip; anunoiuers or convert! Die and debenture
o percent
and holders of convertible ana
bonds to take 6 per cent scrir " payment of their coupons for five
ds
"
’
scrip in
yearat
The iscrip is convertible into income mortgage bonds,
In May, 1880, the company suspended payment, and on
i
May 94
Franklin B. Gowen, Edwm M. Lewis and Stephen A. Caldwell were
i
general mortgage of 1874. Interest was paid
only on the consoli¬
dated mortgage of 1871 and prior mortgages. Certain interest was paid
mortgage or 1871 and prior
on the coal land mortgages at reduced rates, and the July,
1881, coupon
on the general mortgage was paid Feb. 10,1882.
The contest as to the
annual election, the litigation as to the bond schemes, &c„ the defeat of
Mr. Gowen in 1881 and his success in January, 1882, have been
Inis
referred
to at much length in the Chronicle on the pages indexed below.
Prices of PI
>hfladelphia & Reading stock ‘ Philadelphia, have been:
1882.
Jan......
3338-29%
Feb
32%-27%
March...
32%-25%
April....
May
32%-27%
29 5g-27 %
30%-26%
1881.
34%- 25%
26%- 26
355s323830%June
30%Tne annual report for ’80-81
The following table shows
two
1882.
July
August..
Sept’ber.
1881.
31%-27%
30%3I%-28%
33%28%
33%-30%
36% 29%
25% October
37%- 30%
26% Nov’ber
34%- 32%
Dec’ber..
28
35%- 31%
was published in Chronicle, V. 34, p. 30.
a comparison between the results of tho
.
.
years’ operations. The earnings of the railroad
fiscal year ending Nov. 30. were as follows
company for th»
Subscribers will confer a
INTEREST OR DIVIDENDS.
explanation of column headings,
on first page of tables.
Miles
of
&c., see notes
Road.
11887756.-9$02.4,039
(convertible 1876-92), coup
Improvem’t mort., $ or &, sink’g fund, coup
Gen. mort., $ and £ (sink, fund 1 p. c. yearly)
Income mortgage (for $10,000,000)
Debenture and guar, bonds, 6 per cent cur’cy
Gen. mort. and Perkiomen 6 per cent ster’g
745
750
1877
1877
1878
scrip
scrip
....
Aiil
..
Pittsburg Bradford d Buffalo—1st mort.,coup.. g’ld
PUts. G.d St. L.—1st M„ consol., reg. and coup....
reorganized...
Connellsville.—1st mortgage
do
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
let mort. (series A to F)) Bonds all coupon, but
do (series G to M) > may be made payable
2d
3d mortgage
1 to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
Equipment bonds (renewed)
Pittsburg d Lake Eric—Stock
let
gold, coupon
1881
1868
1,000
1,000
1873
1864
1864
1,000
1,000
1,000
88
200
200
117
33
149
10
149
468
468
468
-1879-80.
468
1862
1857
100
500 Ac.
500 Ac.
500 Ac.
1,000
1878
—
Earnings.
$18,612,440
Earnings.
$8,122,493
2,444
439,468
287,770
2,710
$8,373,255
$20,279,244
$8,852,443
railroad and the coal and iron companies,
$19,989,430 $4,049,502 $5,863,918 $1,814,415
23,539,039
2,853,546
5,892,792
3,039,246
20,758,403
2,642,486
3,749,920
6,392,407
18,428,092
3,418,1 L
3,594,327 7,012,442
23,493.880
3,444,005
7,052,760
3,608,754
26,682,024
5,494,978
2,047,094
7,542,073
1881.. 35,286,463
28,598,114
6,688,348
7.466,092
777,743
—(V. 32, p. 16, 17, 44, 70, 101, 122, 156, 184, 206, 232, 289, 313, 336,
396, 407, 422, 430, 445, 469, 488, 527, 539, 578, 613, 686; Y. 33, p. 12,
23. 93, 102, 1 23, 154, 177, 202, 226. 256, 329, 385, 412, 433, 470, 502,
588,745; V. 34, p. 30, 32, 60, 87, 115, 205, 231, 265. 292, 316,345,
378, 409, 461, 479, 509, 549, 605, 715 ; V. 35, p. 44, 132, 189, 236, 266,
26,392,586
24,508,324
22,022,419
26,937,886
1880.. 32,177,003
374.)
Trenton— Kensington, Pa., to Morrisville, Pa., 26
leased with the United Companies of
Railroad, at 10 per cent on stock, and
miles. On Dec. 1, 1871, it was
New Jersey to the Pennsylvania
operated as a part of its New York division.
Philadelphia Wilmington d Baltimore.—Dec. 31, 1881, owned from
Philadelphia, Pa., to Baltimore, Md., 96 miles; Port Deposit Branch, 4
miles; Southern Division to Rodney & Newcastle, Del., 12 miles; total,
main line and 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
Penn. RR. Co. Operations and earnings for five years past were:
is
; i
Years.
Miles.
Ill
112
112
112
.
.
—(V. 32, p. 68,
♦
Passenger Freight (ton)
Net
Div’d
Gross
Mileage.
Earnings. Earnings, p. ct.
Mileage.
59,160,438 42,089,750 $2,916,250 $1,161,216
8
60,504,494 46,080,501
2,660,446
8
1,095,103
62,102,597 58,146,546
2,849,919
1,282,178
8
71,673,562 67,m61,041
3,263,110 1,366,223
8
80,794,160 72,503,794
3,551,881 1,231,081
8
232, 266, 289, 422; V. 33, p. 218; V. 34. p. 59.)
Pittsburg Bradford d Buffalo.—Road in progress (narrow gauge) from
Foxburg and Enileuton to Clarion and thence to Kane, Pa*., 103 miles,
of which 88 were finished in Dec., 1881. Bonds issued at $8,000 per
mile. - Stock authorized, $1,000,000,
par $100; issued, $550,000.
Earnings in 1881-82, $76,785; net, $20,023.
Charles W. Mackey
President, Franklin, Pa. (V. 33, p. 359, 736; Y. 35, p. 51, 133, 236.)
Pittsburg Cincinnati d St. Louis.—December 31, 1881. owned
from Pittsburg, Pa., to Columbus,
Ohio, 193 miles; branch to
Cadiz, Ohio, 8 miles; total, 201 miles.
This w;n a consolidation
of several companies, May 1, 1868, including th«
Steubenville A
Indiana and the Pan Handle roads.
This compa »y is controlled
by the Pennsylvania Company, through the ownership of a majority of
its stock. This company also holds leases of the Little Miami and its
dependencies and of the Columbus Chicago & Indiana Central road,
which are operated by the Pennsylvania Company, and their earnings
separately stated. Common stock, $2,508,000; first nrefe'red, $2,929,200; 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:
.
INCOME
ACCOUNT.*
1878.
Net earnings
•Rentals and interest.
Net from leased roads
All other accounts
.
...
Total income
Disbursements—
r
Rentals paid
Interest on debt
Other interest
Miscellan’s accounts.
Int. on C. A M.Val.bds
Loss on St.L. V. A T.H.
Balance, surplus
*
1879.
$
Receipts—
$
$
2,032*682
1.186,763
1,599,562
14,854
449,688
461,839
14,022
711,466
16,041
647,858
2,123,144
2,325,050
2,696,581
..
.$
828,127
669,790
132,944
$
821,299
833,625
136,980
283,390
105,000
65,200
105,000
38 693
412,002
16,144
Total
2,123,144
2,325,050
Exclusive of Col. Chic. A Ind, Cent.
1880.
$
801,048
842,480
174,944
105,000
27,241
1881.
$
1,309,313
22.670
532,690
1,864,673
$
819,464
846,769
181,777
105,000
170,445
745,868 def. 258,782
2,696,581
A
1,864,673
do
Philadelphia.
Philadelphia, Office.
4
6
6
F>
5
6 g.
7
7
6
7
6
7
6
6 g.
pal,When Due.
Stocks—La&i
Dividend.
Jan.
Oct.
July 1. 1908
Dec.
May 1, 1922
1892 to’94
1892
Oct. 10. 1882
Philadelphia, Office.
Q.-J.
A J. Philadelphia A Boston.
do
do
A O.
A O. Phil’delphia, Co.’s Office
do
do
A O.
do
do
A D.
A. A O. N.Y., Nat. Bk.Republic.
F. A A. Phila., Pa., RR. Office.
do
do
A. A O.
M’nthlv N. Y., 21 Cortlandt St.
do
do
J. A J-
J.
A.
A.
A.
T.
July 1, 1882
April, 1887
Oct.
1893
6 g.
J. A
J. N. Y.,
1878.
$
Assets—
1. 1892
April 1. 1900
June, 1910
April 1, ion
Aug. 1, 1900
April 1, 1913
May. 1884
Jah.. 1900
....
7
7
7
7
8
2.000,000
1, 1896
July, 1882
July, 1882
May 1, 1898
J. A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
I. & J. London. J.S.MorgauACo
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q—J.
do
do
Various
do
do
J. A J.
do
do
A. A O
do
do
J. A J.
do
do
M. A 8.
13*
134
1, 1893
1, 1897
■
GENERAL BALANCE AT CLOSE
1876..
1877..
1878..
1879..
Philadelphia d
2ia
Net
919,105
667,153
80,544
455,827
223,589
do
J. London A
A, J.
M. A N. Philadelphia A London.
Various London A Philadelphia.
M. A S.
Philadelphia, Office.
7
7
1,000,000
2,039,250
50
1.000
1880-81.-
Earnings.
i
5,250,000
5,160,000
2,000,000
100,000
Philadelphia, Office.
Philadelphia or Loudon
J. London A Philadelphia.
D.
Philadelphia, Office.
J.
O.
6,M. A N.
5
19,714,285
7,698,900
1,000
70
70
4,000,000
326,600
6,292,000
$100
the earnings and expenses, the fixed charges for interest,
rentals and sinking funds, and yearly profit and loss from 1875 to 1881,
both inclusive, were given as follows in the report:
Gross
Op. Exp. aud
Net
Iut. A Sink’g
Year.
Revenue.
Revenue.
Rentals.
Funds.
Deficit.
showing
134,000
120,000
100 Ac.
£200
1874
$7,091,395
....
$18,520,403
1871
1862
1862
Gross
Net
Earnings.
Railroad traffic...$10,938,886
Canal traffic
873.244
Steam colliers
607,646
Richmond barges.
100,627
800,000
6,863,000
2,500,000
3,000,000
1,000
'
3, 4, 5,
700,000
800,000
1,000,000
1.000
1868
1859
1876
468
—
Gross
statement of the
1,000
1,000
'
bonds
Pittsb. d
Total
The joint
100
50
A
A
A
A
J.
A.
6 g. J.
i J.
7
J.
6
6 g. J.
13,036,500
1,731,000
1,259,100
11,795,050
1,000,000
1,000
1867
1872-4
1875
1880
do
do
586,000
(?)
(?)
....
1882
1872-4
1872
Plain bonds, loan
do
do
let mortgage,
When Where Payable, and by
Whom.
i Pay able
!
t
7
6
.
26
112
Philadelphia d Trenton—Stock.
Philadelphia Wilmington d Baltimore—Stock
Holliday’s CoveRR. mortgage
Outstanding
Rate pei
Cent.
$1,000 $10,499,900
9,364,000
1,000
19,686,000
1,000
2,454,000
1,000
10 Ac.
3,472,973
90 Ac.
1,832,760
1873
1873
1874
1876
-,T
Bonds for Berks Co. Railroad
Deferred income bonds (for $34,278,175)
5 per ct. consol, mort. gold for $160,000,000
Coal A Iron Co., guar. mort. (for $30,000,000).
do
debentures, guaranteed
2d consol, mortgage
1st mortgage, Steubenville A Ind.,
Col. A Newark Division bonds
Amount
Par
Value.
i
Debenture loan
do
do
Size, or
Date
of
Bonds
Reading—(Continued)—
Philadelphia d
discovered In tbese Tables.
Bonds—PrincF
Immediate notice of any error
great favor by giving
DESCRIPTION.
For
[Vol. XXXV,
:
it
STOCKS AND BONDS.
KAJLLKOAD
xlviii
July, 1898
Aug. 1, 1882
Jan.
1, 1926
Oct. 3, 1882
Oct. 1. 1882
July 1, 1912
July 1, 1912
July 1, 1912
Jan. 1, 1887
Mch. 1, 1884
Chemical Nat. Bk. July 1, 1928
OF EACH FISCAL YEAR.
1880.
1881.
1879.
$
$
$
19,942,295
19,979,033
Railroad, equipm’t.Ac 19,942,295
57,298
Stocks owned, cost..
317,855
Bonds owned, cost...
651,671
Bet terin’ts to l’sed r’ds
Bills it acc’ts rec’vable
1,361,789
517,928
Materials, fuel, Ac.*..
92,312
Cash on hand
64,639
Add’us to Cin. S. C.Ry
291,868
Profit A loss balance.
19,942,295
64,639
37,504
64,639
23,297,655
23,062,567
$
2,508,000
23,219,144
23,606.912
2,508,000
5,929,200
12,497,000
784,754
$
t2,508,000
t5,929,200
12,617 000
1,118,636
853,890
.
Total assets
Liabilities—
Stock, common
$
2,508,000
5,929,200
Stock, preferred
Bds. (see Sufplem’t). 12,497,000
956,898
All other dues A acc’ts
888,808
Due Little Miami RR.
134,601
Due C. C. A I. C. RR
262,500
Cin. Street Conn. bds.
70,648
Miscellaneous
Profit & loss balance.
.
Total liabilities
.
23,297,655
Includes supplies March 31,
t Of which $373,150 common
*
58,399
317,855
660,293
1,202,432
541,607
237,543
5,929,200
12,497,000
726,893
888,783
184,601
262,500
65,590
23,062.567
58,399
283,000
706,241
1,076,528
625,859
462,183
891,189
184,601
262,500
64,849
97,051
58,399
283,000
835,376
980,133
732,474
297,465
64,639
376,393
184.601
262,500
133,085
23,219,144 23,606,912
1875, translerred.
and $2,950 preferred is Steub. &
Ind.
stock unconverted.
292, 345, 486; V. 35, p. 133.)
Pittsburg d ConneUsvillc.—Sept. 30, 1881, owned from Pittsburg, Pa.,
to Cumberland, Md., 147 miles; branch, 2 miles; leased lines, 22 miles;
total, 171 miles. On Dee. 13 1875, the property was leased to the Balt.
A Ohio RR., and possession given Jan. 1, 1876.
The rental is interest
on the debt and £7.200 sterling as an annual sinking fund.
The city of
Baltimore transfen ed its interest to the Baltimore & Ohio Railroad for
$1,000,000, and the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore A Ohio. It is operated as the Pittsburg Division
-(V. 32, p. 155, 498 ; V. 34, p.
of the Baltimore A Ohio Railroad.
In February, 1880,
favor of B. a. 0. Co. was confessed for $4,354,748.
Stock
Iu 1879-80 the net earnings were $1,011,827; in 1880-81,
a judgment
in
is $1,944,400.
$1,124,473.
Pittsburg Fort Wayne d Chicago— Dec. 31,1881, owned from Pittsburg,
Pa., to Chic., III., 468 miles The company made default Oct. 1,1857, and
again in 1859. and was foreclosed Oct. 24, 1861, and reorganized under
this title Feb. 26, 1862. On June 27,1869, the company eased all its
road and property to the Penn. RR. at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
The lease was transferred
increased at that time from $11,500,000.
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The Pittsburg Ft.
Wayne & Chicago leases the Newcastle A Beaver Valley and the
rence roads, which in turn are leased again by the Pennsylvania Co.
The first
mortgage bond 8 are in
Law¬
six series letter* d A to F inclusive,
of$875,o00 eacli series, the interest on “A” series being payable Jan.
and July; on “B” it is February and August; on “C” it is March and
September; on “D” it is April and October; on “E” it is May and
and on *‘F” it is June and December. The second mortgage is also in
Nov.,
may be regie*
$1,196,000, ana or
held in the smiing funds Jan. 1, 188 L. 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 tne
purpose of enabling the party of the second part to lfieet the obligations
of the party of the first part to the public, by making from time to tune
such improvements upon ana additions to the saia Pittsburg Fort Wayne
& 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 t°rir?,
and June and Dec. on “ M.” The bonds are coupon, but
tered pay aide to order.
Of the 1st mortgage bonds,
the 2d mortgage $1,258,000, and $399,813 cash, were
special
or
pari
ol
tnereu
respet
to improvements of and additions to the said railway which, ana eu
mates and specifications of which, shall have been submitted to tun*
approved by the said party of the first part in writing.” * *
.
The lease has been profitable to the lessees. Of the 1st mort. bonds ou j
$4,054,000 were outstanding Dec. 31,1880, and of the 2d mort. o j
$3,902,000, the balance being in the sinking funds. Operations
rails, the party of the first part will issue, from time to time, a
stock, which shall bear such name as shall be hereafter agreed upon,
bonds, or other securities.” * * * “ The said party of the second
shall guarantee the payment, semi-annually or quarterly, thereon
such rate of interest as may be agreed upon between the parties
to be paid by the said party of the second part to the holders
without deduction from the rent hereinbefore reserved; and
special stock, or bonds, or other securities, shall be issued only in
earnings for five years past were as follows:
1882. J
October,
Subscribers
will confer a great favor
DESCRIPTION.
For
Bonds—Princi¬
by giving immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.
30
Charleston- 1st mortgage, gold
vwihura Youngstown d Chicago—Stock
1879.
Tuun
$2,000,000
i» il'eSero.—lot murt., g. (for $«,000,0<
Newark—Stock. .
J Monticello—Stock
Zrt Royal d Augusta -1st mortgage...
General mortgage bonds, coup.
50
27
24
112
60
Oydemt^Ut nwvt., gold
\fnrtiTRif6 ifor $3,300,000)
p£K Rochester -Stock ($600,000)
Portland Saco d Portsmouth—Stock
Portsmouth d Dover
Stock
94
*
■
Rensselaer
&
•
*79
ioo
....
48
29
Miles.
468 76,466,488
468 77,819,493
468 86,406,476
1880.... 468 104,287,111
Gross
Gross
Earnings.
Earnings.
|
100 &c.
1867
1874
1882
181-.'8
1873
1.000
1,000
1,000
1,000
Net
Net
Div’d
Earnings. p. ct.
Earnings,
$7,020,545
'
'
$2,956,147
8.461,563
439,998,281
' "
637,470,506
803,053,260
806,257,399
3,729,298
4,778,210
4,883,005
7,872,476
10,096,819
10,741,490
1881 ...468 130,470,469 1,044,447,161
-(V. 32. p. -;>77.)
Pittsburg d Lake Eric.—Dec. 31, 1881,
Youngstown, O., 68 miles; branch line to
70 miles. Opened Feb. 1, 1879. On Dee. 31,
temporary loans were .$403,990. Gross
3,529,085
earnings in 1880, $841,256;
$442,214. In 1881 gross, $1,041,063; net, $1.08,764. (V. 33, p.
62, 101; V. 34, p. 59; V. 35, p. 103.)
Pittsburg Virginia d Charleston — From Birmingham, Pa., to Browns¬
net,
The bonds, $2,000,ami of the stock $1,251,050,
were
against $05,85.1 in 1880.
$127,141,
executed Oct. 1, 1881, to the
City,
Red Bank, Pa., and
rights secured
by the contract of the .Wabash, Central of New Jersey and Rochester
& Pittsh. combination. Slock, $6,OOo,000.
(V. 34, p. 461; V. 35, p. 103,
Pittsburg J
Western.—The, mortgage was
Mercantile Trust Co., covering the projected line from Allegany
Pa., to Youngstown, O., and Newcastle, Pa., to
Junction to Parker, Pa., in all about 200 miles. Also the
266,431.)
Pittsburg Youngstown d
Chicago.—(V. 33, p. 75 ; V. 34, p.
461; V. 35,
103.)
Pomeroy d Newark.—Pomeroy, Pa., to Newark, Did., 27
merly Penn. Si Del. RR., then Pomeroy & State line, then
In 1881 as above.
Operated by Pennsylvania Railroad.
Port Jervis d Monticello.—Sept. 30, 1881, owned from Port Jervis, N.
Y., to Monticello, N. Y., 24 miles.
Formerly tin* Monticello Si Port
Jervis RR., which was sold in foreclosure July 16,1875, and reorganized
as the present Port Jervis Si Monticello. Gross earnings in 1879-80,
128; net. $6,545; in 1880-81, gross. $28,171; deficit, $15,018. The
stock is $724,276, issued to the former holders of first mortgage bonds.
p.
miles. For¬
reorganized
$29,-
Royal d A ugusta— Sept. 30, 1881, owned from Port Royal, S. C.,
to Augusta, Ga., 112 miles.
Formerly Port Royal Railroad. Defaulted
Nov. 1, 1873, and receiver appointed May 9, 1875. Sold in foreclosure
Port
June 6, 1878, and purchased for the bondholders,
company. The Georgia Railroad was
on
bonds. The stock is $750,000, and in June, 1881, a
who Organized this
$500,000 of the old
controlling interest
was purchased by Central Georgia RR. parties.
There are also $50,000
equipment bonds.The report for 1880-81 gave earnings, &c\, compared
endorser
with 1879-80, as
follows:
1879-80.
$3. 9,634
222,634
Gross earnings
Operating
expenses
$87,000
Net earnings
-(V. 32, p. 356; V. 33, p. 589, 621.)
3-miie link of its own.
me city ot Portland owned
controlling interest in the stock, which is .+1,052,186. A suit in
equity was begun by holders of the 1871 mortgage in February,
but contested by the city.
Earnings of this road for five years
1881,
past
follows:
}§Zl>-7
}£7-8
J878-9
1879—80
Miles.
Gross Earn’gs.
94
94
94
94
<3 g.
,
$262,764 •
270,783
271,493
292,659
ite J.f
Boston, Office.
Si J.j
Portsmouth, Treas,
& J.’Bust., Eastern RR. Co.
& D.
do
do
July
Si J. Providence,Am. Nat.Bk
& J.i
Providence, Office.
July 1, 1892
July 1, 1882
Si
M
J.
A.
2,969,000
4,000,000
A.
A.
500,000
500,000
do
Portland, Treas. Otlice.
do
" do
' J.! Plii la.,Pa. ,& RaV’gh.N.C.
8. >N. Y.,
Union Nat. Bank.
D.jColumbia, First Nat.B’k
Pliila., Co.’s Office.
J.j
& J.iN. Y., Nat. B’k Com’rce.
& N. N.Y., Del.& H.Canal Co.
& J. N. Y., Treasurer of Co.
do
do
Si N.
Jau. 1, 1899
Jan. 1, 1899
Jail., 1900
Nov., 1901
*i5,*i882
1, 1882
July 15, 1873
July
June 1, 1937
1905
1897
do
do
|
Q.—F.
5,000,000
1.228.100
Jan., 1898
1912
June, 1884
Dec. 1, 1917
July 1, 1893
July 1, 1882
Mch. 1,
Nov., 1921
July 1, 1920
May 1, 1916
Office Si N. Y., Met, Bk. Aug.
15, 1882
N.Y.,Merc’ntile Nat.Bk. May 1,’85 Si'90
& J.
do
do
1915
«fe O. N. Y., Central Trust Co. April 1, 1927
Si O. N.Y., Mercantile Nat.Bk
1888
iV O.
1902
Richmond.
Si N.
to North Conway, N. H., 71 miles.
chusetts has made a leaseof the road
The Eastern Railroad in Massa¬
for 60 years from
December 1,1878,
guaranteed rental of $45,000 a year, which pays 4q> per cent on
$1,000,000 bonds, and the stock is to receive the same dividends as the
stock of the lessees.
Total stock, $1,150,300, of which lessees own
$551,300.
with
a
30. 1881, owned from Pough¬
keepsie, N. Y., to New York State Line, 47 miles. - The Poughkeepsie &
Eastern RR. was opened in 1872, and was sold in foreclosure May 15,
with the Connec¬
earnings,
$59,232; expenses,
$54,815. G. P. Peltou, President, Poughkeepsie, N. Y.
Providence d Springfield.—Providence, R. I., to Paseoag, 23 miles.
It
is proposed to extend the road to Springfield, Mass., 80 miles. Stock is
$517,150. In 1879-80, gross earnings were $88,125; net, $39,304. In
1880-81. gross. $89,328; net, $42,485. William Tinkham, President,
1875, and the present company organized. It connects
Western RR.
The stock is $850,000.
In 1879-80,
$56,101; expenses, $50,012. In 1880-81, earnings,
ticut
Providence, R. L
owned from Providence, R. I.
miles ; leased Milford & Woon
tot^l operated, 66 miles. In
improvements, mil stockholders
share it par for each four
live years past as follows:
P
ugcr
Freight (ton) Gross
Net
iticage.
Mileage.
Earnings. Earnings, p. c.
Years.
Miles.
13,592,849
18,862,705 $901,635 $245,299
4
1876-7
66
13,971,108
865,792
285,731 ' 4
17,916,241
66
L 877-8
13,753,392
19,286,814
364,049
914,476
5
66
15,941,739
23,669.729 1,064,801
6
332,813
66
17,439.529
22,211,710 1,039,671
303,457
5
66
—(V. 32, p. 206 ; V. 33, p. 561.)
Raleigh d: A ugusta.—July 31, 1881, owned from Raleigh, N. O., to
Hamlet, N. C 99 miles. Formerly Chatham Railroad, and is controlled
by Raleigh Si Gaston. Earnings 1880-81, $206,738; net, $72,021.
Raleigh d: Gfislon.—Froux Raleigh to Weldon, N. C.. 97 miles. Stock,
$1,500,000. Dividend of 3 per cent paid October, 1881. Earnings for
Providence d Worcester.—Sept. 30, 1881,
to Worcester, Mass., 41 miles; branches, 7
socket RR. and Ilopkint : RR., 15 miles;
0 issued for
1881 new stock for $50
have the right till Julv
. 881. to takeono uew
shares owned
Oper
us and earnings for
i
.
..
..
,
five years were as
follows:
Miles.
Miles.
97
97
97
Years.
1875-6
97
97
97
Gri >ss
Earnings.
Earnings.
$242,245
$242,245
234,511
242,478
295,051
439,785
Net
Earning!?
$88,701
85,750
107,185
115,343
53,3b4
Reading d:
Columbia.—Nov. 30. 1881,
ing Springs. Pa., 40 miles; branches, 8
Railroad, leased, 15 miles; total operated, 63 miles.
The road is controlled and operated by
accounts kept separate.
The tirst mortgage 7 per
1882, were extended 30 years. Gross earnings m
34, p. 282.)
Rensselaer d
N.Y., 73 miles;
a
were as
New York Office.
J.
J.
N.
owned from Columbia to Sink¬
miles; Lancaster & Reading
1880-81.
Stock, $958,268.
Philadelphia Si Reading, but
$356,085
cent bonds, dr<J
241,198
1880-81, $394,184;
$114,887 net earnings, $138,794;*payments for interest and rental, $94,500. (Y.
iuuuueai kk. and a
Years.
118877--9900..
J.l
Poughkeepsie Hartford J: Boston.—Sept.
owned from Pittsburg, Pa , to
Newcastle, Pa., 2 miles; total,
1881, equipment notes and
ville, Pa., 53 ’miles.
The stock is $1,504,900.
000, besides $208,100 debt certificates,
are owned by the Penn. RR.
Net earnings in 1881
Si
&
&
&
J.
J.
M
J.
M.
350,000
6.854.100
1,925,000
4,925,000
813.000
71,000
1,000
’
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar.
Freight (ton)
Mileage.
350,000
1,000
1,000
1921
New York.
J. &
INf. &
J. &
1,000,000
1880
1881
‘ 1,‘
J.
....
650,000
100 Sic.
100
July
Sc
J.
J.
820,000
1,000
1871
141
141
April 1, 1902
J.
J.
J.
J.
2,500,000
100 Ac.
1.000
1873
250
250
Philadelphia.
1,242,000
1.873.600
1873
1862
1864
1877
15
183
consolidated (for $2.000,000)
Richmond d Alleghany— 1st mortgage, gold
Second mortgage, gold ($4,000,000)
Improvement bonds ($600,000)
Richmond & Danville- Stock
Sd mortgage, consolidated, coupon or registered.
Geueral mart., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
1,000
Stocks—Last
Dividend.
J.
J.
J.
M.
535,000
500,000
1877
.
....
1st mortgage,
Years.
w
500 <fcc.
Whom.
Payable, and by
Where
When
J.
770,000
1,000.000
100
40
40
• --
Mileage.
»
4,000,000
(?)
500,000
724,276
500,000
2,000,000
800,000
2 268,000
525,000
1,500,000
769.000
100
100
1877
1875
1872
99
97
Reading, 1st mortgage
Saratoga—Stock.. ..
Passenger
*
....
71
71
42
23
66
coupon
Debentures.
Lancaster &
*
&c.
Sic.
Ac.
Sic.
‘ioo
11
mortgage.....
2d mortgage,
“
51
Falls d Conway—Stock
-. - - - - • - ■••■••••••
Poughkeepsie Hartford d Boston- 1st and 2d moi
Providence d Spring/.- 1st M. tend. by City Prov
Providence d Worcester Stock
RaleTah°d Augusta—Stock ($1,000,000 pref. j
Raleuih & Gaston— 1st mortgage
Reading d Columbia— 1st mortgage, coupon
Portsmouth Gt.
100
100
500
100
1878
1878
1870
187T
*
Portland *
1,000
1881
....
vmneroy d
Pnrt Jervis
1st
Outstanding
$1,000
....
Rate per
Cent.
Payable
A. Si O.
Amount
Va <t
M,m,
p
pal,^When Due.
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
explanation oM- page of tables.
oil tirst
xlix
STOCKS AND BONDS.
KAILKOAD
NetEarn’gs
$69,431
88.574
92,295
102,695
1830-8l
94
304,245
91.077
-(V. 32, p.206; V. 31, p. 113, 522 )
Portland d Rochester.—Sept. 30, 188^ owned from Portland, Me., to
Rochester, N. il., 53 miles. The old cWhpftny was put in the hands of
& .Receiver
February, 1877. Foreclosure suit was begun, but a settle¬
ment was made in 1881 bv which all the old stock and bonds were conlertea into the stock of the new company Gross earnings in 1879-80,
2.633; not. $24,728. In 1880-81 gross, $168,328 ; not, $15,034 (V.
181; V. 33, p. 461; V. 3 1, p. 1 75 )
Portland Saco & Portsmouth.-- Portland, Mi*., to Portsmouth, N. IT., 51
nnies. 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 6
owned from Troy to Whitehall
Waterford, 12 miles; to Green Island1
1 mile; to Glens Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland*
Vt., 62 miles; Balston to Schenectady, 15 miles; total line and branches,
183 miles. It was a consolidation of several lines, and tin*, Delaware &
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. Operations and earn}
iugs for four years past were as follows:
Net
Div.
Gross
Freight (ton)
Passenger
Years.
Saratoga.—Sept. 30,1881,
branches, Albany to
Mileage.
Miles.
19,536,543
183
21,797,913
23,427,570
183
183
Mileage.
38,809,900
64,333,707
55,989.982
-(V. 32, p 98.)
Richmond d:
Alleghany.—March 31, 18-2,
Earnings.
1,486,4 0
1,824,318
1,922,002
Earnings, p.c.
8
379,279
865.372
8
762,637
8
owned from Richmond to
Lexington, 250 miles, and leased
Station, 11 miles; total operated,
purchase the property and fran¬
Kanawha Canal Co., including water
The stock is $5,000,000. In June, 1881, consolvoted. See V. 33, p. 305. The road
Williams-ns, Va , with branches to
Henrico RR., Lorraine to Hungary
261 miles
The company owns by
chises of the James River Si
power on James River.
i !ation with the Ohio Central was
was to
be extended ti Ohio River
Ohio Central.
For construction of
254 miles,
and connect with the
River Division $5,000,000 bonds
were offered, viz., for $10,OOo cash, $8,000 in mortgage bonds, $8,000
in income bonus amt $10,000 in new stock.
But in January, 1882, it
appeared that the Ohio Central managers had changed, and by a fail¬
Percent No debt.
ure to get the necessary legislative action defeated the consolidation.
Portsmouth d: Dover.—Portsmouth, N. II., to Dover, N. II., 11 miles,
Gross earnings in 1880-81, $155,727 ; net, $18,337.
(V. 32, p. 579, 613,
opened February 1, 1874, and leased for 50 years to Eastern of New
686; V. 33, p. 12, 48,102, 154, 202, 226, 305, 685, 716; V. 34, p. 116,
P^Pslurc at 6 per cent per annum on the stock. Operated now by 196, 550, 625, 655.)
pastern (Mitss.) a suit as to rental was decided April, 1880. Frank
Richmond d Danville — Sept., 1881, owned from Richmond, Va., to
Jones, President, Portsmouth, N. II.
Portsmouth Great Falls d Conway.—Owns from Conway Junction, Me., Danville, Va., 141 miles; branches, 12 miles; Danville, Va., to Greens-
1 '
RAILROAD
Subscribers will confer
a
Miles
38
38
mortgage
Kick’d Fredericksburg d Potomac—Ronds, stei\..
of
..
BONDS.
[Vol. xxxv
INTEREST OR DIVIDENDS.
or
Amount
Par
1873
1880
Outstanding
Value.
$1,000
$900,000
400,000
1,000
58,216
316,594
....
Dollar loan
.
Coupon bonds of 1*90
Coupon bonds of 1901
Richmond d Petersburg—Stock
•1st mortgage, coupon
25
25
25
New mortgage
Richmond d West Ft. Ter. R. d TP. Co.—Stock
Rochester & Genesee Yalleij—Stock
Rochester d Pittsburg.—1st mortgage
1870
1875
18
108
1.000
500 Ac.
100
100
1881
188L
1881
1881
120
120
Equipment bonds u-.tr trust)
Brockwayv. A Punxutawney Rli., 1st M.,
150,000
300,000
1,009,300
125,000
100
.
Incomes (11011-cumulative)
1st mortgage, extension, gold
Income bonds
187-90
Size,
Road. Bonds
Richmond if- Danville—(Continued) —
Richmond York River A dies., 1st mortgage
2d
Date
of
For explanation of column headings, Ac., see notes
on lirst page of tables.
do
AND
great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
do
STOCKS
1,000
1,000
1,000
1,000
...
Rutland—General mort. (8 per cent, reduced to G)..
New 2d mort. in cxcli. for equipment bonds, Ac.
Sabine d East Texas—Stock ($4,000,009)
Sabine Ihtss d- Texas Xorth—1st M. (#3,500,000)
Sacramento d Plarerville -1st mortgage (S. V. RR.).
1st mortgage (S. A P. Rlt.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnsburg d L. Champlain—1st M.,coup. or reg.
St. Joseph d St. Louis—1st mortgage
,
91
91
1878
409
97
1855
190
1861
190
1872
409 1 1874
1882
45
1871
120
1872
120
1878
105
1882
1855
48 i 1*77 j
34 L> 1 1872 |
120 j 1880
76 ! 1874 !
Cent.
PayableJ
8
6
6 g.
6 A 7
8
6
3
8
6 A 7
J. A J.
M. A N.
J. A J.
Various
J. A J.!
M. A N.
J. A J
A. A 0.
M. A N.
15,000,000
555,200
m
100
100 Ac.
500 Ac.
1,000
1,000
1,000
1,000
100 Ac.
100 Ac,
1,500,000
150,000
5,293,900
418,500
1,021,500
1,000,000
5,500,000
2,250,000
500,000
1,500,000
1,500,000
300,000
416,000
1,000
600,000
100
358,000
*
;
Where Payable, aftd by
Whom.
Richmond.
do
London.
Richmond, Office.
Phil.,Townsend W.A Co.
do
Stocks—Last
Dividend.
1894
1890
1880
1895-’99 1901
do
Richmond, Ofliee.
do
do
Bonds—Prinei.
pal,When Due.
do
do
Jan. 2, 1882
1882 to ’86
May 1, 1915
....
A J. N.Y., by N.Y.L.E.AW.Co
A A. N. Y., Union Trust Co.
J.
F.
....
'
400,000
700,000
1,000
1,000
m
6 g.
6
7
6
2io
10
3
7
7
7
7
7
7
6
5
(?)
1,000
m
....
500,000
25,000
m
3
6
1,870.000
2,400,000
3,200,000
900,000
....
Rock Island d Peoria—Stock
1st mortgage
Rome Watertown d Ogdensburg—Stock
1st sinking fund mort., Wat. A R. (extended)
General mortgage, sinking fund
2d mortgage..
Consol, mort., (extended July, 1882, at 5 per ct.).
Income bonds
Syrar use Northern (gold)
When
1,300,000
....
guar...
75,000
Rate per
6
10
6
8
6 g.
7
•
.
•
,
July 1, 1882
Feb. l, 1921
Feb. 1, 1921
1921
.
....
....
....
J.
J.
J.
M.
J.
J.
A.
A D.
A J. N. Y.. Corn Excli. Bank.
A J. N. Y., Farm. L. A T. Co.
A 8.
do
do
A D.
do
do
A J.
do
do
A O.
do
do
June, 1882
Jan. 1, 1900
July 15,1875
Sept. 1,
Dec. 1,
Jan. 1,
July 1,
1932
....
J. A J. N. Y., Farm. L. A T. Co.
M. A N. Boat., Bk. of Redempt’n
F. A A.
do
do
J.
J.
J.
M.
A.
M.
A J. London and New York.
A J.
New York City.
A ,1.
do
A N New York, 9th Nat, Bk.
J 0.
Boston.
A s.
New York.
1910
1891
1892
1922
July, 1901
Nov. 1, 1902
1898
Jan.
1, 1912
1875
1907
May 1, 1902
Get. 1, 1910
1894
boro, N. C., 47 miles; Salem Junction to Salem, 25 miles; leased: West $368,000 Spartanburg A Asheville 1st mort. 6 percents,
$850,000 West¬
Point, Va.. to Richmond, 38 miles: Goldsboro, N. C.. to Charlotte, 223 ern North Carolina con. 6
per cents, $15,700 miscellaneous township
miles; Charlotte, N. C., to Atlanta, 2G9 miles, and narrow gauge bonds. (V. 33, p. 589; V. 34, p.
379, 403.)
branches, 70 miles; total owned and leased, 825 miles.
Rochester d Gencssce Talley.—Sept. 30, 1881, owned from Avon to
In Dec., 1881, the Ii. A D. Co., as stockholder in the R. A W. P. Termi¬
Rochester. N. Y., 18 miles. Leased July 1. 1871, in
perpetuity, to Erie
nal, took $750,000 of the Ya. Midland income bonds with $325,000
stock ns a bonus, and realized a nominal prolitof $275,000, and paid an Railway, and now operated by New York Lake Erie A Western. Rental,
$34,012. James Brocket t, President, Rochester, N. Y.
extra dividend of 1 per-cent therewith. Early in 1882 the $4,000,000
Rochester dPittsburg.—Dec. 31, 1881, owned from Rochester,
debenture bonds were sold toll. A J>. stockholders at 45. In April, 1882.
N.Y, to
the R. A I>. Co. took $5,000,000 of Terminal stock at #25 per share, and Salamanca, N.Y'., 10S miles. Formerly Rochester A State Line, which
was opened May 15, 18/8. In Feb., 1880,
gave $1,000,000 of the R. A D. stock in part- payment.
Sylvanus J. Macy, of Rochester,
(The. Terminal
was appointed Receiver of the company.
Co. stock was increased then to $15,000,000.)
The road had been largely
assisted by the City of Rochester. On Jan. 8, 1881, the road was
By ownership of a majority of the stock of the Richmond A W« st
sold,
Point Terminal Railway A Warehouse Company, the Richmond A D; H- : and purchased by Walston It. Brown, of New York, for $600,000, and
villo Railroad Company indirectly controls and operates the
was reorganized as the Rochester A Pittsburg, with
capital stock of
following
lines of railway : Charlotte Columbia A Augusta, 191
miles; Columbia #3,000,000 (increased May, 1881, to $4,000,000). In November, 1881,
an important consolidation was made.
A Greenville and branches, 22G miles; Spartanburg Union A
See V. 33, p. 623.
For every
Columbia,
68 miles; Northeastern of Georg a, 40 miles; Western N. Carolina Rail¬ $10,000 old bonds the Rocli. A Pittsb. gives #5,350 1st mort., $7,850 in¬
road, 186 miles; Asheville A Spartanburg, 67 miles ; Virginia Midland come bonds, and option to take $5,000 stock upon payment of $500.
Railway, 401 miles; total miles thus indirectly controlled through R. See plan in V. 31, p. 651. In August, 1881, to extend 120 miles to
A W. Pi. Ter’l R. W. Co., 1,182 miles; grand total of miles
directly and i Brookville, stockholders of each 100 shares liad the right to subscribe
indirectly controlled by Richmond A Danville RR. Co., 2,009. The ' $11,400 cash and take $6,000 in new mortgage bonds, $8,000 in new
Riohmond A Danv. Extension Co. was organized to build Ga. Pae.
RR., incomes and 150 shares of new stock. In December, 1881, the hold¬
and large advances were made to it by the Rich.: end A Danville Co.
ers of income bonds were offered preferred
stock in place of the income
President, A. S. Buford. The annual report for 18 1 was published in bonds. In Oct., 1882, an increase of $10,000,010 stock was voted,
the Chronicle, V. 33, p. 714.
making total stock $20,000,000. In 1831 gross earnings for eight
The income account was as follows in four years
months, $170,592; net, $40,987. (V. 33, p. 178, 623, 642 f V. 34, p.
past;
58 ; V. 35.. p. 71, 79, 95, 103, 104, 133, 162, 266, 291, 313, 393.)
INCOME
ACCOUNT.
1877-8.
Receipts—
Net earnings
Prern.
$
489,474
1,529
bonds
on
Bonds R. Y. R. A C
Bonds A st’k A. A C
1878-9.
$
741,873
19,868
1879-80.
$
786,393
42,542
Netear’gsR.Y.R.AC
Miscellaneous
Interest
11,120
531,248
320,000
320,000
252,440
246,444
29,125
Total income
Disbursements—
Rentals paid
lilt, on funded debt..
Dividends
Int. on floating
Miscellaneous.
22,108
22,740
806,589
debt.
18,995
Total disb'nts
Balance
10,604
51,200
10,451
587,499
642,635
3,997
21,248
854,180
1880-81
$
964,318
28,100
90,000
259,730
13,656
103,441
30,054
1,489,299
320,000
244,570
245.234
9,745
63,00o
115,992
3.6,4.84
o,4 i o
6373120
703,185
320,000
I>ef. 111,387 Sur.i. S19.000 Sur.216,860
Sur.780,114
—(V. 32. p. 154. 367 422, 469, 488; V. 33, )). 66, 100, 102, 125, 385,
SO, 714; V. 34. p. 87, 178, 336, 435, 550, 715 ; V.
404, 413,461, 491
35, p. 52,189. 405, 4 22, 449, 457.)
Richmond Fredericksburg d Potomac.—Sept. 30.
.
1881, owned from
Richmond, Va., to Quantico, 82 miles. In November, 1831, there were
voted dividend ccrtiticates for $755,039 to be issued to holders of com¬
mon stock (70 percent on each
share), to represent money spent on
the property out of earnings. The common stock is
$1,030,100 and
guaranteed stock is $500,400. A dividend of 2 per cent was paid
July
1, 1882, on stock and dividend obligations. Gross
earnings in 1879-80,
$330,361; net, $155,718; in 1880-81, gross, $406,927; net, $208,740.
Two per cent paid in January, 1382.
(V. 32, p. 621 ; V. 34, p. 655.)
Richmond d Petersburg.— Sept. 30, 1881, owned from
Richmond
Petersburg, Ya., 23 miles; branch, 2 miles; total,25 miles. The rot
has earned moderate dividends and the debt-account is
very sma
Operations and earnings for five years past were as follows:
Freight (ton) _Gross
Passenger
Net Di
Years.
Miles.
Mileage.
Mileage.
Earnings. Earn’gs. !>•
1876-7
25
2.097,594
1,576,263
$137,116 $47,271
1877 8
25
2.016,684
1,594.670
140,069
62.553
^
_
.
25
25
25
2,176,390
2,281,321
2,457,617
2,047,436
2,465,878
2,746,449
154,622
164,198
185,905
73,071
79,099
85,926
—V. 33, p. 623.)
Richmond d TTr.s( Point Terminal Railway d Warehouse
Co.—This com¬
pany was incorporated by an act of tlie Legislature of
Virginia of March
8,1880. It is the. auxiliary corporation of the Richmond A
Danville
syndicate controlling several stocks by ownership of a
majority.
Iii
tlie 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 A Danville
Company owns $7,550,000 of
I*8 stock was
placedjon 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 Ricnmond A Danville Extension Co.,
$120,000 Northeastern Railroad of
Georgia, $3,166,300 Western North Carolina RR., $100,000 Knoxville
& Augusta RR., $1,302,400 Charlotte Columbia A
Augusta RR., $518
000 Virginia Midland Railway, $1,001,000 Columbia
A Greenville RIL;
and tike following bonds: $250,000 Richmond A Danville
general mort¬
cents, $100,000 Knoxville A Augusta 1st mort, 6 per
gage 6 per
cents,
-
Rock Island d Peoria.—July 1, 1881, owned from Rock
Island, Ill., to
Peoria, 111., 91 miles. This is the Peoria A 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, 1880-81,
$484,674; net earnings, $124,452, out of'which a 5 per cent dividend
was paid on thestoek.
Rome Watertown d Ogdensburg.—Sept.
30,1881, owned from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek to
Syracuse, 45 miles; leased Oswego A Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation October,
1861, of the Watertown A Rome and the Potsdam A Watertown rail¬
roads. The Lake Ontario Shore Railroad was foreclosed
September 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 A Rome was leased
January 1, 1866, at 8 per cent
on
stock and interest on bonds.
The company was in default on
coupons of tlie consolidated bonds since April i, 1878, and proposed to
let the prior liens stand and give for the consolidated
mortgage new
bonds bearing 5 per cent; also to fund the 33)4
perct. overdue interest (to
July, 1882,) into 7 per cent income bonds; to assess 10 per cent cash on
stock to pay floating debt, and give income bonds for tlie assessment.
Foreclosure under the consolidated mortgage was not be necessary as
the Farmers’ Loan A .Trust Co. received
nearly :ill the bonds deposited
under this plan. Operations and
earnings for live years past were:
Passen g'er
Net
Freio'ht (ton)
Gross
Years.
Miles.
Milea ge.
Mileage.
Earnings. Earnings.
1S76-7..
409
17,549 ,628
26,732,,738
$1,248,842 $336,708
1877-8..
409
15,199,.509
350.747
1,203,786
24,967,,118
1878-9..
409
20,517,.456
25,914,,496
308,648
1,113,288
1879-80
409
16,402,,043
487,738
43,538,,148
1,467,894
409
17,417,,353
284,088
45,887, ,851
1,510,442
.
.
.
.
.
—(V. 33, p. 491, 562, 637; V- 34, p. 715.)
Rutland.—July 1, 1881, 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 Dually a modification of the lease was
made, giving #250.000 per yeai; 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
percent bonds in lieu of 8
per cents.
The 5 per-cent 2ds are a first mortgage on rolling stock and
personal property.
The common stock is $2rL*0,600 and preferred
One dollar per share paid on preferred stock August,
$4,000,000.
1882.
(V. 33, p. 154; V. 35, p. 124.)
Sabine d East Texas.—Sabine to Boon’s Ferry, Tex., 104 miles; thence
to Slircvcport, La. About 105 miles
completed to July, 1882. (V. 3o,
p. 237.)
Sabine Pass d Texas Xorth.—Line of road, Marshall, Tex., to
Road under construction.
Pass, Gulf of Mexico, 200 miles.
$3,000,000,
Sabine
Stock,
Sacramento d Fla cerv i lie .—Dec. 31, 1881, owned from Sacramento,
Cal., to Shingle Springs, Cal., 48 miles. This was a consolidation qt
the Sacramento Valley and the Folsom A Placervllle railroads, April
19,1877. Capital stock, $1,756,000. Gross earnings, 1880, $132,000;
net earnings, $60,278; 1881, gross,
$85,707; net, $35,564. Lelanu
Stanford, President, San Francisco.
Saginaw Talley d St. Louis.—From Saginaw to St. Louis, Mich., 35
miles.
Road opened January, 1873. Has a traffic guarantee from
Subscribers will confer
description.
For
a
or
Amount
Par
Value.
Outstanding
$100Ac.
pal,When Duer
Rate per
When
Cent.
Where
Payable, and by
Payable
$1,900,000
Whom.
Stocks—Last
Dividend
on
5S„t”™l Island, lstmort
St&isAUon cumulative).. - Stock- ,t TerreJim,lePrf'f. st’ck (7
•- -
fund..
1st mortgage
fund..
2d mortgage, preferred (series C)
2d mortgage, preferred (senes D)
(scries A) sinking
(series B) sinking
mortgage
income
Equipment inortgage
Income bonds, not cumulative
at
Tains it Cairo— 1st, M., income (not
2d mortgage,
Louis
bonds
Salem if- Little
y
2
r
PsC3
s a
U
tvs
£
....
*
....
.
i
Equipment mortgage, gold
Mo. A \\ esteru RR.,
Mortgage on
Trust bonds
...
.
144
....
85
1S3
1.35
135
....
;
B, gold...
C, golt...
.
j
695
695
695
293
•
•
•
•
!
gold
Western
($30,000,000), coup, or reg
1st mortgage. .
St. Louis Wichita A
Gen. mort., gold
St. Louis Texas if Outf—
Income land grant bonds
!
4».
.
207
Rock—1st mortgage
bonds, A.. do
do
1,000
....
207
207
207
Francisco—&lock', common
Preferred, 7 per cent, not cumulative
|
:
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)... |
do
do
....
'
Louis d San
2d mortgage
100 Ac.
84
....
All
....
-
1,000
1,000
500 Ac.
1,000
....
....
500 Ac.
100 Ac.!
500 Ac.
1,000
1,000
1,000
1880
1879
1881
....
....
j
|
-
1,000
1,000
1.000
j
1
A
1, 1915
1, 1915
1, 1915
1, 1915
Jan.
Jan.
Jan.
Jan.
New York.
A J.
A J.
A J.
A J.
do
do
do
N. Y., Office 50 Wall st.
do
do
J. A J.
do
do
A. A 0.
do
do
F. A A.
do
do
M. A N.
do
do
M. A N.
do
do
M. A S.
do
do
June 1
A. A O. New York or London.
A. A O. New York, Moran Bros.
A. A O. N. Y., Nat. City Bank.
J.
6
May 20, 1882
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921
1, 1910
Oct.
Oct. .1,
3*2
6
6
4-6
4-6
7
6
639.000
1,100.000
2.
g.
g.
g.
g.
g.
6
6
5 g.
6
1,350,000
2,000,0001,750,000
2,500,000
2,500,000
1, 1906
April 1, 1902
7
Looo.ooo
10,500,000
10,060,000
4,500,000
7,144.500
500,000
1917
Jan.’ ’ 11906
J.
Jan.
2,766.500
2,100,000
500 Ac.
1879
10
6
5 g.
7 •
7
2,700,000
1,620,000
1,080.000
1872
....
7
7
(?)
72,000
1,000
1,000
1,000
1868
1876
18 76
1876
18S0
rr
i
2,600,000
100 Ac.
1876
3
7
7
300,000
1,357,000
1,000
1,000
1876
7
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
500 Ac.
.
7
2,468,400
1,000
1864
1864
1864
1864
186 l
1870
1881
1881
1880
1877
.
100
100
J.
J.
J.
J.
7
7
1,200,000
1,900,000
1,200,000
375,000
2,300,000
....
...
....
cumulative)
f • rZis Ft. scott Wichita—1st At. ($15,000 p. m.);
'J, Trlliin if K.—1st M .conv. till ’87 ($12,000 p.m.);
St. Louis Keokuk efN. W.~ Stock($l,350,000 is pref.) j
ist mortgage.1
!
Income
1876
1876
1876
1876
112
112
115
115
25
195
iiSasTNebraska/istuiortgsige
St
Size,
Date
Miles
of
of
Road. Bonds
^^hdt¥estern-lBt M. St. Joseph & Pacific..
«
li
BONDS.
AND
greatJiavor by giving Immediate notice of any error discovered in these Tables.
Bond 8—Princi¬
(
INTEREST OR DIVIDENDS.
-^T^ouof columu* of tables. Ac., see notes
headings,
•1
first pag
1st
STOCKS
RAILROAD
1882.]
October,
F.
J.
M.
M.
M.
I.
F.
J.
A A. N.
A
A
A
A
J.
N.
N.
N.
A D.
A A.
A
Y., Company’s Office.
do
do
do
*
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Aug. 1, 1882
Jn’v, 1888
Nov.
Nov.
Nov.
Jui,e.
1. 1906
I,
1906
1906
1, 1895
1.
Aug. 1. 1919
1920
1919
July 1, 1931
....
....
....
autumn of 1879.
Income bonds above were originally a part of
Central. Capital stock, $264,804. In 4880, gross earnings $2,750,000 first mortgage bonds, but by agreement they were changed
$88,194; net. $44,727. Interest payments, Arc., $35,680. In July, into their present form. Gross earnings year ending Dec. 31, 1881,
1879, management was transferred to the Detroit I,aiming & Northern. $368,435: gross expenditures. $488,132, including $88,876 for^new
(V. 33, p. 256.)
St. John shun/ if Lake Champlain.—July, 1882, owned from Lunen¬ work, and $30,821 loss by floods.
burg, Vt., to Maquam Bay, 120 miles. This was the Portland A OgdensSI. Louis Salem cf: Little Rock.—Txc. 31,1881, owned from Cuba, Mo.,
lmrg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $1,298,500; common stock, $2,550,000. Net earnings to Salem, Mo., 42 miles, and branches, 10 miles ; also 17 miles of branches
con! rolled; total operated. 69 miles. Reaches St. Louis by St. L. A San
year 1880-1, $51,667. In 1881-82, income. $242,662 gross and $43,100
K. RR.
Stock is $1,000,000. Earnings for 1881 on 52 miles were $170,net. (V. 33, p. 202, 327; V. 35, p. 182, 26 4.)
575; net, 107,115.
St. Joseph if St. Louis.—Ht. Joseph, Mo., to No. Lexington, Mo., 70 miles.
Present company is successor to the St. Louis A St. Joseph Railroad, sold
St. Louis if San Francisco.—Dee. 31, 1881, owned from Pacific to
Has no funded or floating debt. The Seneca (main), 292 miles; branches—Granby branch, 2 miles; Orongo,
in foreclosure February 8, 1874.
St. Louis Kansas City A Northern took a lease of the road for 99 years
Mo., to Joplin, 12 miles; Joplin to Galena, -47 miles; Carbon; Branch, 3
July 1, 1874. The terms of flic lease are an annual payment of $35,000 miles; Peirce City to Oswego, Kan., 73 miles; total owned, 429 miles;
for‘live years and then 30 per cent of gross earnings, but $25,000 guar¬ leased and controlle<5-0s\vcgo to Wichita, 145 miles; Plymouth to Brent¬
anteed. Stock, $100,000.
wood, Ark., 88 milcfJ Seneca to Vinita, I. T., 33 miles; total leased and
St. Joseph if Western.—Line of road: East Division—West St. Joseph, controlled, 266 milils; total operated Dec. 31, 1831, 695 miles. This
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan., company was organized Sept. 20, 1876, as successor to the Atlantic &
to Hastings, Neb., 115 miles ; Hastings A Grand Island road, 25 miles ;
Pacific RR. The latter was chartered by act of Congress July 27. 1866,
total, 252 miles. This is a reorganization of the former St. Joseph A and embraced the South Pacific RR. (originally the Southwest Br. of the
Denver City road, which went into the hands of a Receiver in 1874
Pacific RR. of Mo)., which was consolidated with the Atlantic & Pacific
On the foreclosure road Oct. 25, 1870. The South Pacific Railroad had a grant of lands
and was sold in foreclosure in November, 1875.
of the two divisions two companies were organized, the St. Joseph
by act of Congress June 10, 1852, of 1,161,205 acres. The Atlantic <fc
& Pacific and the Kansas A Nebraska, with bonds as above. These
Pacific received about 507,000 acres of land.
The South Pacific lands
were consolidated as St. Joseph A
Western, the stock is $4,100,000, show ed 520,497 acres on hand January 1,1882. Atlantic A Pacific lands
paf $100. The present bonds have no lien on lands, as the land showed 187,963 acres on hand at same date, and for these lands (A. & P.)
The
grant of 300,000 acres was put in hands of t rustees for the benefit of the the second mortgage bonds, class B, are receivable in payment.
holders of the old land scrip of $2,250,000; in June, 1880, a dividend of interest on bonds “Jl” and “C” is 4 for 1882, 5 for 1883 and 6 after¬
12*2 per cent was declared from proceeds of land sales. On the Kansas ward. The trust bonds of 1880 are secured by deposit of 7 per cent
& Nebraska bonds the first coupon was due J uly, 1881. The road is con¬ mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.
trolled by the Union Pacific. The coupons on St. Joseph A Pacific bonds The general mortgage of 1881 for $30,000,000 is made to the United
due July, 1880, and since Lave not been paid.
(V. 32, p. 44, 527; V. States Trust Company as trustee, and enough reserved to take up all
35, p. 212.)
prior debt. First preferred stock liae prior right to 7 per cent (nonSt. Ijoais Alton d- Terre TTaute—T>nc. 31,1881, owned from Terre Haute, cuiuulative) ; then pref. entitled to 7 percent; then common entitled
Ind., to East St. Louis, 189 miles; branches, 19 miles; leased lines— to 7; then all classes share in any surplus. The pref. and 1st pref. also
Belleville A Southern Ill. RR., 56 miles; Belleville A Eldorado road, from by their terms had a precedence of any mortgages made subsequent to
Du Quoin to Eldorado. 50 miles; total, 314 miles.
This company the creation of said stocks.
On January 31, 1880, an agreement was-entered into with the
was a reorganization, February 18, 1861, of the Terre Haute Alton
& St. Louis Railroad. The Belleville A Southern Illinois is leased to this Ateliison Topeka A Santa Fe for construction of a through line to the
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton Pacific coast on the parallel from Albuquerque, on the Rio Grande,
The road was to cost $25,000,000, and to be known
& Terre Haute) was leased June 1. 1867, for 99 years to the Indianapolis to San- Francisco.
as the Atlantic A Pacific Railway.
Three trustees—John A. Stewart,
A St. Louis Railroad at a rental of 30 per cent of the gross earnings up
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on of the U. S. Trust Company, Warren Sawyer and H. P. Kidder, of Boston
—were appointed to hold the stock in trust.
all over $3,000,000; but it was agreed that in no year should the rental
The voting power was to be
vested in six directors of each road. The old companies were to preserve
be less than $450,000. The lease was guaranteed by three other com¬
panies (See V. 26, p. 614 and 654). The lease was unprofitable and the their separate organizations, and the gains of traffic on the extension
solvent guarantors refused to pay more than their one-tliird of the de¬ to be divided in equal proportions. The two companies divided the issue of
ficiency, and a suit was begun, in which this company, in July, 1882, bonds ($25,000,066). The road was partially built, when in January**
obtained a decision in its favor against the two solvent companies for 1882, a large interest in the stock was acquired by C. P. Huntington
$221,624 against each. An appeal to the United States Supremo Court and Jay Gould, and this changed the projected plans for extensions,
was taken.
In 1879-80 the company recovered from the former pur¬ and arrangements were made subsequently for building only to ttft
chasing committee, Messrs. Tilden, Butler, Sage and Bayard, $400,000 Colorado River to a junction with the Southern Pacific. The income
for bonds retained by them at the time of reorganization. The Belleville account for first half of 1882 was ia V. 35, p. 133, showing $210,159
Branch and Extension are operated separately by this company, and surplus applicable to dividends, against $352,629 in same time 1881.
The annual report for 1881 (Chronicle. V. 31, p. 313) had the following:
earned net in 1 879, $159,359; in 1880, $176,471; in 1881, $159,907.
1883.
1881.
TheBellev. A Eldorado was leased for 985 years from July 1, 1880, at a
rental of 30 per cent on the gross earnings, but $15,400 per year guar.
Earnings—
*
$
$
Michigan
were
Of the first mortg. bonds $636,000 are held in sinking fund; of the
equipment bonds $246,000- are owned by tlie company.
The pre¬
ferred stock has a prior right to a cumulative dividend of 7 per cent
before any is declared on common. It is also convertible into com
mon at par; but shall not receive any dividend as common stock for the
declared
time it was held as preferred. In January, 1881, the company
3 per cent in cash on the preferred stock and afterward settled
maining 55
hornls.
35,
per
p.
St. Louis d- Cairo.—Deo. 31, 1881, Cairo A St. Louis
Cairo, Ill., to East St. Louis, Ill. (3 ft. gauge), 147 miles.
April 1,1874. Sold in foreclosure July, 1881, and bought
owned from
Default made
in, in behalf
of bondholders, for $4,000,000.
New stock, $6,500,000, and new' bonds
as above.
Earnings for the year 1881, $424,480; -net, $04,020. (V.
3-, p. 396, 551, 611, 685; V. 33, p. 99; V. 34, p. 147, 366.)
St. Louis Ft. Scott (f Wichita.—From Fort Scott to Eureka, Kan., 100
lmies, opened July, 1881;
construction'is in progress, and to be
completed to El Dorado, 32 miles further, by January 1,1883. Moran
Brothers of N. Y., and other capitalists, largely interested. (V. 35, p.
-600.)
St. Louis Hannibal if Keoku!:.—May, 1882, owned from Hannibal,
Mo., to Gilmore, on Wab. St. L. A Pacific, 85 miles. Stock, $1,140,000.
(V. 35. p. 161.)
St. Louis Keokuk if Northwestern.—Tide. 31,'1381, owned from Keokuk,
fa;» to St. Peters, 135 miles. Leased Keokuk to Mt. Pleasant, 48 miles;
operated, 183 miles. The Miss. Val. A Western RR. was sold April
18 5, and this company organized July 1, 1875. Road completed in
Earnings for 1881, $31,094; net, $5,010.
Total disbursements
Balance, surplus
31.
1,593,205
705,950
due, to Dec.
1,542,557
50,648
1,217,800
Disbursements—
Interest on debt
Interest accrued, not
Dividends
Due leased lines
1,542,557
25,593
Net receipts—
Net earnings
Other receipts..
3,160,523
1,617,966
1,192,202
there
(V. 32. p.
79, 162, 297, 405.)
<
2,698,371
|1,506.169
earnings..
2,342,HO
152,582
1,192.202
Total gross
dividends bv the issu of income
147, 336, 4G7 569, 579, 641; V. 34, p. 461, 5 72 ; V.
cent of accumulated
065,331
424,102
2,180,333
93,936
Passenger
Freight.
Mail, express, Ac
821,492
109,865
315,0(E)
102,57 i>
101,254
157.500
105,022
1,408,932
1,069,726
184,273
148,074
528; V, 34, p. 62, 99, 116,
V. 33, p.
266, 291, 339.)
St. Louis Texas if Gulf— Proposed line from Marshall to Sabine Pass
and Galveston, Texas. Bonds offered in London in September, 1884,
purchasers receiving wTitli each $1,000 bond a $1,000 income bond and
$500 in stock. (V. 33, p. 218.)
—(V. 32, p. 17, 44, 286, 437,686;
147, 196, 313 V. 35, p. 133, 237,
RAILROAD
iii
Subscribers will confer
a
on
first page
heading*, &c., see notes
of tables.
|
1
1
Miles ;
of
1876-90
656
315
2d mort., gold
Dak. Ext., 1st mort.,
Size,
1807
1868
Value.
1862
1879
1879
116
116
93
108
101
Car..
10.1
286
58
58
63
Savannah Florida d West.—Consolidated 1st mort.
Southern Georgia A Florida, 1st mortgage...
do
2d mortgage...
do
~
Savannah Griffin dN.Ala.—1st mortgage
Schenectady d Duanesburg—1st M., guar. D. A H
llLj
.
19
9*
98
130
Schuylkill Valley—Stock
Scioto Valley— 1st mort. (s. fund $13,000 per year)
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
2d consol mortgage (for $3,750.000)
General cousol. mortgage (for $7,500,000)
Seaboard d fioanokc—Stock
Shamokin Valley d Pottsville—Stock
1st mortgage, gold, on road and lands
Shenandoah Valley— 1st mort. ($15,000 per mile).
General mort., gold ($25,000 per mile)
....
leaving
a
100
1,000
100 Ac.
1,000
50
....
,
1867
1869
1869
1871
1874
....
187 6
1879
1880
1882
500
100 Ac.
500
500 Ac.
1,000
1,000
iS71
144
144
1880
158
158
158
..
..
32
1881
1869
1,000
500 Ac.
$120,782,
Freight (ton)
Gross
Net
Mileage.
Earnings.
Earnings.
$1,052,208
$207,067
1,054,627
158,685
-
of which about 1,276,000 acres remain unsold.
In 1880 gross earnings
$668*777; net earnings, $93,182. In 1881, gross, $732,630; net
income, $117,671. (V. 32, p. 419. 469, 686; V. 33, p. 155, 329, 359,
386,491; V. 34, p. 342, 377; V. 35, p. 162, 204.)
St. Paul Minneapolis d Manitoba.—June 30, 1882, owned from St.
Paul to Barnesville, 218 miles; Sabin to Grafton, 127 miles; Glyndon
to Larimore, 116 miles; Junction to St. Vincent, 90 miles; St. Paul to
Morris, 159 miles; Morris to Brown’s Valley, 47 miles; Donnelly to
Portland, 150 miles; Breckenridge to Barnesville, 30 miles; St. Paul to
Clearwater, 62 miles; Ripon to Hope, 30 miles; St. Cloud branch, 28
miles; total, 1,057 miles. This company was organized May 23,1879,
were
A
do
pal,When Due.
Stocks—Last
Dividend.
Jan 1. i897
May i, 1898
do
Q -M.
New fork.
F. A A.
■
N.Y.,
J.S.KcnnedyACoJ
Aug. 1, 1931
A
A
A. A
M. A
J. A
2
7.
J.
Nov. 1, 1882
do
do
J.
1892
J. New York and London.!
1909
O.
do
do
Oct. 1, 1909
N.
New York Agency.
| Nov. 1, 1910
do
do
J.
July 1, 1922
1st N. Bk., Sandusky, O.l
N. Y.. Union Trust Co.
A J.
July, 1902
6
7
7
7
7
M.
M.
J.
J.
M.
A
A
A
A
A
J.
J.
under the charter of the St. Paul A Pacino RR., aDd embraced the St.
Paul A Pacific RR., the First Division of the St. Paul & Pacific RR,
the Red River Valley RR., and the Red River & Manitoba RR. The com¬
pany took 2,000,000, acres of land as successor to the roads above
named, which were foreclosed. The proceeds of land sales are reserved
7
M. A
7
6
J.
M.
J.
J.
A.
J.
2*2
7
7
7
603,000
(0
1,000
1,244,643
294,272
96.544,226
1,552,801
446,018
107,089,535
19,161,449
1,565,515
188,574
—(V. 32, p. 71, 120, 289 ; V. 33, p. 357; V. 34, p. 62, 174.)
St. Paul d Duluth.—Line of road, St. Paul, Minn., to Duluth, Minn., 156
miles; branch to Knife Falls, 6 miles; leased: Taylor’s Falls A Lake
Sup., 20 miles; total, 182 miles. On 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,
and road sold in foreclosure May 1, 1877, and reorganized June 27th.
The preferred stock is received in payment for lands at par. Three
shares of common stock have one vote, and each share of preferred has
one vote.
Pref. stock has a prior right to 7 per cent from “ income from
all sources, including land sales;” then common to receive 6 per cent;
then remainder of income to he applied to purchase of pref. stock. The
net income since 1878 having been spent on improvements in 1881, it
was determined to issue 10 per cent of new preferred stock to the pre¬
ferred stockholders of record Nov. 1, 1881, payable Nov. 14, to repres¬
ent the cash so spent in improvements. The company has a land grant,
..
Whom.
6 g.
6 g.
500,000
576,050
1,294,000
177,000
....
Mileage.
14,827,425
50,618,136
58,722,821
86,424,189
34
5
2
7
7 g.
6 g.
500,000
100
50
500 Ac.
surplus for the fiscal year of
13,092,370
12,974,971
17,309.919
J. A J.j
M. A N.
Payable, and by
....
464,000
200,000
1,000
1,000
Passenger
..
Where
Payable
J
111,800
500,000
1,7 *0,500
100 Ac.
50
500 Ac.
Operations and earnings for five years past were as follows:
..158
When
7
7
505,000
1,000
loss, October 31, 1881, $91,019.
Loss to lessee in 1879-80, $19,822,
in 1880-81, $281,080. The annual report, for 1880-81 yvas published
in the Chronicle, V. 34, p. 174. The first mortgage and $1,000,000
of second mortgage bonds are guaranteed
by the lessees and
also by the Pitts. Cin. A St. Louis Railroad and the Col. Chic. A I. C. Co.
The stock is $2,383,016 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.
Tlios. D. Messier, President, Pittsburg, Pa.
Miles.
158
j Rmu/s—Priucj
INTEREST
per
1,000,000
1853
1868
1869
which was applied to the repayment of advances heretofore made to
this company by the lessee, leaving the balance to delnt of profit and
Years.
[VOL. XXXV.
Cent.
2,600,000
5,126.500
4,055,407
1,000.000
20,000,000
366,000
6,500,000
8,000,000
4,500,000
1,500,000
1,073,504
2,300,000
3,750,000
1,000
i860
i
j Rate
$1,899,000
..
St. Louis Vandcilia d Terre Haute.—October 31, 1881, owned from
East St. Louis to Indiana State line, 158 miles. Road opened July 1,
1870. It is leased to the Terre Haute A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1881,
the total income was $469,824, and the year’s charges against this sum
$349,042;
BONDS.
Outstanding j
1,000
1,000
1,000
1880
80
29
Shenango d Alleghany—1st mortgage
Amount
$1,000
1,000
.
1881
.
or
Par
1882
gold (£12,000 per mile)
Minneapolis Uu. R .. 1st mort.. gold, guar
Sandusky Mansfield d Newark—Re-organized stool
1st mortgage, new
San Francisco d North Paci fic—Stock
Savannah d Charleston—Stock
C. A 8.,, guar, by S. C
Funded int. bonds, S. A C. RR., guar, by S.
1st mortgage, Savannah A Charleston RR
Date
of
Road. Bonds
St. Louis Vmid alia d Terre Haute— 1st M. 8. f. guar i 158
158
2d mort., sink, fund ($1,600,000 guar.)
1*2
St. Paul & Duluth— Preferred 7 per cent stock.
182
Common stock
169
1st rnort. bonds, coup, or reg
St. Paul Minneapolis d Manitooa—Stock
1,057
76
2d M., and 1st on road from St. Paul to Watab
656
1st mort. land grant sinking fund, gold
were
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column
STOCKS
5
3
2,000,000
2,270,000
3,930,000
7
1,200,000
i, is77
"
....
1,301,300
869,450
jI
•
A
A
A
A
A
A
S. Charleston, ist Nat. Bk.1 March
S.
New York,
Sept. 1, 1899
J.
do
Jan. 1. 1889
J.
July, 1897
N.
N. Y.'h.'b’ Plant,
May 1, 1899
do
do
N.
,
May 1, 1899
J. Savannah, Cent. RR.Bk July 1, 1891
S.
el. A Hud. Canal Co. Sept. 1, 1924
J.
Philadelphia, Office, j July 15,1882
J. N.Y., Winslow, L. A Co.j Jan. 1, 1896
O.
April 1, 1894
J.
July 1. 1910
£T.
7 g.
6 g.
7
M.
F.
,T.
J.
A
A
A
A
A. A
A. A
N.
A.
J.
J.
O.
O.
do
do
July, 1901
Jan.
1, 1909
Apiil 1, 1921
188a & 1907
1
February 13, 1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1, 1926, with option to the Balt. & Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually.
It is operated as Lake
Erie division of the Baltimore & Ohio system.
In 1878-79 the gross
were $639,821, and net earnings, $189,114; in 1879-80 gross
earnings $847,221; net, $208,853. For year 1881, gross, $899,751;
net, $112,373.
San Francisco d North Pacific.—Dee. 31, 1881, owned from Donaliuo,
Cal., to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to
Guerneville, Cal,, 16 miles; and San Rafael to Petaluma, 21 miles;
total, 93 miles. This is a consolidation of several companies. In 1880
gross earnings were $362,179; net, $157,167. In 1881, gross, $446,972;
earnings1
net,
$206,220.
Savannah d
*
Charleston—Savannah,
Ga., to Charleston, S. C., 104.
miles; Ashley River branches, 4 miles; total, 108 miles.
Formerly the
Charleston A Savannah Railroad; reorganized in 1876 under present
name, and opened March,.- 1870.
Defaulted September, 1873, and
then operated by a Receiver.
Sold in foreclosure June 7. 1880. for
$300,000, and turned over by C. P. Mitchell, Receiver, to the new com¬
pany, (-ailed the Charleston & Savannah Railroad. Earnings in 1880-1,
$301,570; deficit, $11,310. (V. 35, p, 291.)
*
_
Savannah, Florida d Western — Dec. 31,1881, owned from Sav., Ga.,to
Bainbridge, Ga., 237 miles; branches—extension to Savannah wharves,
2 miles; Junction Branch, 4 miles; Dupont to Live Oak, Fla., 48
miles; Thomasville to Live Oak, 58 miles; total, 349 miles. Also from
Waycross to Jacksonville, under separate organizations, 75 miles.
This was a consolidation in 1865 of the Savannah Albany & Gulf
Railroad and the Atlantic & Gulf under the latter name. The Atlantic
A Gulf road was sold in foreclosure of the second mortgage on No¬
vember 4, 1879, subject to the consolidated mortgage and other
prior liens amounting to about $2,705,000. The old sectional mort¬
gages yet out amount to about $221,500. The present company has
been organized with a capital stock of $2,000,000, and a dividend of
7 per cent was declared out of the earnings of 1880. The report of
earnings for 1881 gave $1,321,428 gross and $268,822 net. (V. 33, p.
200 ; V. 34, p. 147, 407 ; V. 35, p. 431.)
Savannah Griffin d North Alabama—Oct., 1881, owned from Griffin.
Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,010,900. In 1879-80 gross earn¬
ings were $58,860, and net earnings, $20,693; in 1880-81 gross, $79,113;
net, $14,985. (V. 33, p. 559.)
Schenectady d Duanesburg.—From Quaker Street Junction, N. Y., to
Schenectady, N. Y., 14 miles. Formerly Schenectady & Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬
petuity to the Delaware & Hudson Canal Company. Lease rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
Schuylkill Valley.—Port Carbon to Reevesdale, Pa., 11 miles; branches,
It is an old road, and was leased to the Phila¬
delphia & Reading Railroad from September 1/1861, at an annual rental
of 5 per cent on the stock. Operations are included in the Philadelphia
8 miles; total, 19 miles.
A
Reading reports.
Valley.—Dec. 31, 1881, owned from Columbus, O., to Ashland,
hj the first mortgage trustees as a sinking fund for the redemption of Ky., 132 miles. Enough of the consolidated mortgage is reserved to
tne bonds at or under 105 and interest, and in March, 1882, about
take
$700,000 of bonds were called in, the interest to cease July 1, 1882. was up the first and second mortgage bonds. In Jan., 1882, a vote
passed to increase stock to $5,000,000, and make a second consol,
The second mortgage bonds do not cover the land. The land sales for
rnortg. to expend the line to a point opposite Huntington on Ohio River.
rear ending June 30, 1882, were 203,343 acres, for $1,108,312, and the
In July, 1882, it was voted to increase the stock to $10,1*00,000, anu
total cash receipts $860,677. The net amount due on land contracts
issue a general consol, mortg., and extend the road from Columbus to
was $1,049,423; lands unsold, 2,458,820 acres.
The Dakoto Extension Fort
Wayne, Ind. In addition to above there are $100,000 equipment
bonds are issued at $12,000 per mile. The Minneapolis Union RR. is a
bonds out. In 1881 gross receipts, $498,844; net, 160,511. (V. 33, P*
connecting road: r other roads from the stock yards at St. Paul to
Minneapolis, and
Annual report f
ts stock is $1,000,000. (V. 35. p. 374.)
the year ending June 30, 1882, in V. 35, p. 264
:
INCOME ACCOUNT.
1880.
Receipts
$
Net earnings
1,533,461
Revenue from Land Departm’t
597,672
Other receipts
4,851
1881.
$
-
1,837,817
1882.
r
$
223,832
4,600
3,113,916
860,677
34,259
2,066,249
Scioto
93, 102, 736; V. 34, p. 116; Y. 35, p. 104.)
Seaboard d Roanoke.—March, 1881, owned from Portsmouth, Va.,to
Weldon, N. C.. 80 miles. Road opened 1851.
The company has part
dividends for a number of years. Of the stock, $1,057,100 is common
$200,000 is 1st 7 per cent guar., and $44,200 is 2d guar. Owns a con¬
trolling interest in the Carolina Central RR. Net earnings 18/9-8U,
$236,452 ; 1880-81, $232,495 ; 1881-82, $178, >87. (V. 33, p. 559.)
4.008,852
Shamokin Valley d Pottsville.—Line of road, Sunbury, Pa., to Mount
Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles; total,
miles. The road was leased February 27, 1863, to the Northern Central
Disbursements—
Railway Company, with a guarantee of interest on the bonds,and b per
Interest on debt
947.227
1,109,951
1,188.091 cent
per annum on the stock. The yearly reports will be found m tne
Miscellaneous
33,288
157.812 Chronicle with the
reports of the Northern Central Railroad. Geo. *>
Dividends
975,000 Roberts, President, Philadelphia.
Sinking fund
223,832
597,672
702,864
Shenandoah Valley.—This road is completed from Hagerstown,
Total disbursements
1,580,194
1,333,783
3,023,767 to Waynesboro, Va., 144 miles. The company proposes to extend souin*
ward from Waynesboro to a connection with the Norfolk A western
Balance, surplus
555.790
732,466
985,0*5 road.
The general mortgage of 1881 is at $25,000 per mile tture*
(V.33,p 254,470; V. 34, p. 62, 265,550, 655, 707; V. 35, p.23,79. tir«- the
prior mortgages and to construct new n*ad. The stock n»
237,264,374.)
Frederick J. Kimball is President, Philadelphia* on
$3,696, 00.
Sandusky Mansfield d Newark—Line of road, Sandusky, O., to New dollar paid on preferred stock February, 18*2.
(V. 32, p. 422,4o»,
ark O., 116 miles. A consolidation of several roads in 1856. Leased V. 33, p. 48, 357; V. 34, p.
•k,
522, 550, 567,‘655.)
Total income
2,135,984
,
Md.»
RAILROAD
1882.1
October,
Subscribers will confer
a
!
of column headings, Ac., see
on first page of tables.
icw^Yiilamitiun
Fore i
notes!
'shore Line (Conn.)—Stock
1st mortgage ... - - - • aioux Cih/ A Pacific- 1st
2d mortgage
j
!
mortgage
(Government subsidy)
Somerset—1st mortgage, gold........................
South Carolina—Stock:.
1st
7081
mortgage,
sterling loan
dollar bonds (L)
j
1
1
1st consol mortgage (for $5,000,000)
2d consol, mortgage.
Income mortgage bonds (not cumulative)
j
So A No. Alabama— 1st M.,
by Alabama.i
endorsed
Sterling mort., s. fund, guar,
South Pacific Coos?-Stock
by L. A N
Southern Cent.
(X. 1 J—2d M., gold (end. by L.Val.jj
interest bonds
consol, mortgage (for $3,400,000)
Southern Iowa A Cedar Rapids— 1st mort.,
1st
j
Pennsylvania—1st mortgage, gold
south
mortgage
New
•
i
gold
'
Maryland—lnt mortgage, gold
..!
Southern Par. of Arizona—1st mort., gold,op. or reg.;
South. Pac.(Cal)— 1st mort.,gold,land gr., cp. orreg.
Southern
Monterey, 1st mortgage ....
j
Southern Pacific of A. Mtxtco—Mort., coup, or reg..
Southwestern ilia.)— Stock, guarant’d7 per annum
Southwest Pennsylvania—Stock
j
1st mortgage
..'.
j
Spuyten Day oil A Port -Moms—Stock
j
Slate Line A Sullivan—1st M., conv. (red’ble aft.’88)
Staten
Island— 1st mortgage
|
Sterling Mountain (AM'.)—1st mort., income, guar.,
Stocliton A Copperopolis—1st mort., (guar, by 0. P.)
Summit Branch (Pa.)— Stock
1st mortgage bonds
j
Suspension Bridge A Eric Junction—Stock
!
I
1st mortgage.
Shenango A
j
102
102
25
|
$100
1,000
1,000
1,009
5 g.
6
6
391,009
4.911,189
1,999,999
625,000
1000Ac.!
6
6
8 g.
15
250,000
.
4,180,000
i
7
7
7
5
7
6
6
6
5
6
3,892,300
|
3*8
575,050
(?)
210 Ac. j
"
!
1,500.000
9,604,000
500,000
28,483,000
1,000 1
1
6
100 Ac,
1878
29
13
I
....
7*2
45
20
20 |
23 !
1881 j
l‘,66o 1
1875 1 500 Ac,!
50
1874
1,000 1
■
,
....
|
!
1 1870 !
;
....
tion to save foreclosure was made in 1880.
In January, 1881, the com¬
mittee made essential modifications of the plan (see V. 32, p. 123). The
sale was made July 28, 1881, and the road purchased by W. H. Brawley for the committee, for $1,275,000 over the first mortgage debt, and
the company was reorganized with stock and bonds as above.
In March, 18^2, a circular issued by the company (V. 34, p. 345) said
that the average gross earnings per year for twelve years past had been
$1,250,435, aud the average net earnings $464,634, being 3715 p. ct. At
after fuily maintain¬
ing the condition of the property. The present fixed interest charges
on debt are $349,613.
Third mortgage income, 6 per cent, $2,536,312 ;
interest per year, $152,178 ; capital stock, $4,195,520 (balance of the
authorized issue is in hands of trustees for cancellation). The company
has in its treasury for improvements new first consolidatea mortgage
bonds, $133,000; uevv second, $526 000; new third income, $463,687.
Cash on hand, $257,251. Earnings for five years past were as follows:
Years.
Miles.
Gross Earnings.
NetEarn’gs.
243
$1,020,664
$426,910
:
243
371,631
1,011,861
M
1879
243
1,052,023
337,745
243
1,217,756
341,962
1881....
243
1,233,901
500,951
~(V. 32, p. 123, 394, 420, 544, 579; V. 33. p. 125, 589, 623, 736; V. 34,
p.: - - —
~
p. 222,345, 509.)
South A. North Alabama.—June 30,1882, owned from Decatur, Ala., to
Montgomery, Ala., 183 miles, with a branch of 7 miles from Elmore to
Wetumpka. The road is controlled by the Louisville A Nashville RR.
Co., which owns a majority of the stock and the whole of a 2d mort.
bond issue of $2,000,000, due 1910, which are pledged with the Union
security for the L. & N. bonds, dated June 1,1880. 500,000
Alabama, largely mineral, nave been transferred to the
Louisville A Nashville Co. Common stock, $1,461,767; preferred stock,
$2,000,000. In 1880-1 gross earnings were $1,278,660; net, $251,739;
deficit to Louisville & Nashville Co., $227,318. (V. 35, p. 162.)
South Pacific Coast—December 31, 1881, owned from Newark to
Junction (Felton), Cal., 45 miles; leased—Alameda Point to Newark,
25 miles; Felton to Santa Cruz, 6 miles; total, 76 miles. There are no
bonds but unfunded debt of $1,943,930. Gross earnings 1880, $386.469; deficit, $91,023; gross in 1881, $569,968; net, $25,993. A. G.
as
acres of land in
Company— South Pennsyl¬
vania Junction to Richmond, Pa., 21 miles, with a branch from Rich¬
mond to Ore Banks, 2 miles. Leased for 199 years from March 1, 1870,
to Cumberland
Valley Railroad Company. Road originally organized
under the name of Southern Pennsylvania Iron & Railroad Company,
but was sold
by foreclosure of second mortgage December, 1872, and
reorganized under present name. Capital stock, $800,000.
Southern Central (N. Y.)—Sept. 30,1881, owned from Fairhavcn, N.Y.,
to
Pennsylvania State Line, 114 miles. Road forms an extension into
York State for Leliigli Valley Railroad, which company endorses
$400,000 of second mortgage bonds. Default was made Feb. 1, 1882*
ou 1st
mort., and the bonds and coupons were exchanged for new consols,
at par. the
unguaranteed 2ds also exchanged for new bonds. The Leh.
valley to pay the guar, bonds and receive for such payment the new 5s
to a like
amount.
Capital stock paid in is $1,790.23 1. In 1879-80, gross
warnings were $455,467; net, $149,237; in 1880-81 gross $526,429:
uet, $141,141.
(V. 34, p. 178.)
989,000
200,000
300,090
475,674
500,000
4,010.350
1.000,990
500,000
1.000.000
1,000
Leased to New .York and New Haven Railroad Com¬
in perpetuity November 1, 1870, at $100,000 net per annum.
Chartered as New Haven & New Loudon Railroad; sold in foreclosure
and reorganized under present title June 29, 1864. Dividends 3*2 in
Jan. and 4 in July. Operations and earnings for two years past were
as follows: 1879-30, gross, $319,111; net, $154,486; 1880-81, gross,
$416,620; net, $212,981. ( V. 32, p. 559.)
Sioux City A Pacific.—Jnn. 1,18^2, owned from Sioux City, la., to
Fremont, Neb., 107 miles; leased—Fremont Elkhoru A Mo. Valley RR.,
255 miles; total line operated, 362 miles. For the year ending Dec. 31,
1881, the gross earnings were $625,635 and net earnings, $32,466. The
capital stock is $2,068,400, oi which $169,000 is preferred, receiving a
dividend of 7 per cent per annum.
A majority is owned by Cedar
Rapids A Missouri Railroad Company. Oliver Ames. President, North
Easton. Mass. (V. 32, p. 232 ; V. 34, p. 679 ; V. 35, p. 71, 182, 291, 431.)
Somerset.—West Waterville, Me., to Anson, Me., 25 miles. Capital
stock, $377,573. Gross earnings, 1879-80, $20,098, net, $3,580; 1880-81,
gross, $26,831; net, $5,728.
South Carolina.—March 31, 1882, owned from Charleston to Augusta,
S. C., 137 miles; branches to Columbia, 68 m., and to Camden, 38 m.;
dotal main line and branches, 243 m. A receiver took possession in Sept.,
1877, at the suit of 2d mortgage bondholders. A plan of reorganiza¬
46,150 i
962,000 J
5
.
1877
....
6 g.
When
Payable
J.
M.
J.
J.
J.
A
A
A
A
A
pal, When Due.
'Where Payable, and by ; Stories—Last
|
Whom.
Dividend.
J. |N. II., Nat. N. II. Bank. 1 July 6, 1882
S.
do
do
March, 1910
J. N. Y..Nat. Park Bank.
Jan. 1, 1898
J. •U.S. Treas.,at maturity Jan. 1, 1898
J.
| July, 1891
|
J.
J.
London.
A J.
j 1882 to 1888
A J. | N. Y., Nat. C’itv Bank.
1882 to 1888
A. A O.
N. Y.. 76 Wall Street. ! Oct. 1, 1920
J. A J.
do
do
! Jan. 1, 1931
Yearlv.
j Jan. 1. 1931
A J. N. Y., Drexel, M. A Co.
J.
Jan. 1, 1890
M. A N.
1903
Loudon, Baring Bros.
...»
400,000
’79-’80
1,600 !
1875 • 500 Ac j
1 880
1,000 !
1881
1,000 j
100 ;
167
321
44
*r
n'
803,551
....
"
7
‘
6
2,536,312
1,999
£209 j
1872
1877
1882
1870
6
997,632
764.000
3,1 12.725
|
pany
1,028,320
!
4 n>
450,000
4,195,520
500
1870
1873
384
715
23
200,000
1,628.000
Various,
! 1881
183
183
76
24
114
114
114
87
$1,000,000
100
109
! 1871
243 I
242 ! 1868.
242 1 1868
i 1881
242 i 1881
Conn., 50 miles.
•Davis, President, San Francisco.
South Pennsylvania Railway A Mining
Rate per
Outstanding
Cent.
1880 : lOOOAc.
1868 i 500Ac. i
500 Ac,
Alleghany.—Line of road, Slienango, Pa., to Brady’s Bend,
present a little over 40 p. ct. of the earnings are net
Amount
j Bonds
50 |
50 :
| Bonds—Princi
INTEREST OR DIVIDENDS
Mib's
Date ! Size, or
i
of
of
j Par
Road.
j Value.
Pa., 95 miles; Nov. 30, 1881, iii operation, Slienango to Hilliard, Pa.,
46 miles, and branch, 3 miles. The road was leased to the Atlantic A
Great Western, and “ rental trust” bonds were issued. The company
made default in 1879, but tilt October coupons were paid Feb. 21, 1880.
Stock, $200,000. Gross earnings in 1880-8 L, $140,093 ; net, $38,099
Shore Line (Conn.)—Line of road, New Haven, Conn., to New London,
Trust Co.
lili
great favor by giving Immediate notice of any error discovered in these Tables.
D ESCRIPTrON.
1st mortgage,
BONDS.
AND
STOCKS
1
4
7
4
7
7
7
5
3
7
7
7
g.
g.
M. A S.
M. A S.
F. A A.
I
N. Y., Nat. City Bank.
N Y., Vermilye A Co
Mar. 1. 1900
Mar. 1, 1882
Aug. 1, 1887
1922
g.
g.
g.
g.
g.
M. A N.
May 1, 1900
-
J.
A.
A.
J.
J.
M.
F.
J.
J.
J.
New York City.
Mar.. 1909-10
O. N. Y., 23 Broad Street, April 1, 1905
do
do
0.
April 1, 1900
J. N. Y.. Company’s Office Jan. 1, 1911
D. Savannah.Cent.RR. Ga. June 20.1882
S.
March, 1882
A. Phila. and Greensburg.
Feb., 1917
A .1.
New York.
July, 1882
A J. N. Y., Union Trust Co. Jan. 1, 1899
A
A
A
A
A
A
A
N.Y., Company’s Office.
....
Feb.
J. A J.
F. A A.
J. A J.
New York.
July 7. 1895
Y., Central Pacific.
Phila., 233 So. 4th St.
January. 1905
N
do
do
....
I.
A
J. N. Y. Lake Erie A West.
Feb. 16, 1876
Jan. 1. 1904
Yearly.
July 1, 1900
Smthern IowaACed. Rapids.—In progress. Ottumwa to Ced. R., Iowa.
Southern Maryland.—The Southern Maryland Railroad is designed to
extend from Point Lookout, at the mouth of the Potomac River, to
Washington, where it will make connection with the Baltimore A Poto¬
mac Branch of the Pennsylvania Road, ami with the Washington &
Metropolitan Branch of the Baltimore A Ohio Road. The length will be
77 miles. John Van Riswiek, President, Washington, D. C
Southern Pacific of Arizona.—This is the connecting line of the South¬
Pacific of California, extending from Yuma to New Mexico boundary.
384 miles. The stock is $19,995,000. Rental for 1881, $622,355.
ern
Southern Pacific of California.—Dec. 31 owned
San Francisco, to' T res’ Pinos, lOO1^ miles;
in Northern Division
Canadero Junction to
Soledad, 60^ miles; and leased line, Castroville Junction to Monterey,
15 miles; total in Northern Division, 176 miles.
Southern Division,
Huron via Goshen to Colorado
River, 529 miles;
Los Angeles via Wil¬
mington to Sun Pedro, 25 miles; total Southern Division, 553 miles;
total Southern
Pacific, in Cal., 730 miles.
At Goshen the Southern
Division meets the San Joaquin Branch of the Central Pacific, by which
it reaches San Francisco and the main line of Central Pacific. The pro¬
jected l ines are Soledad to Lerdo Junction, 160 miles, and Mojave Junct.
to Colorado River, 278 miles, and this latter line was to be pushed in
1882 to connect with the Atlantic & Pacific line.
(V. 34, p. 178.)
The Southern Pacific, at its terminus at Yuma, connects with the
Southern Pacific Railroad of Arizona, an independent but closely
affiliated company, some 385 miles, to a junction with the New Mexico
Division of
171
A junction with the
miles more to El Paso.
Atchison Topeka & Santa Fe, was made March 17, 1881, and a
junction with Texas & Pacific at Sierra Blanca, 91 miles southeast of
El Paso, December 1, 1881. The bonds .above are in scries A, B, C.
aud D, of which A includes $15,000,000 and B, C aud D each $5,000,000;
there are also three other series, PI and F of $5,000,000 each, and G of
$6,000,000; these latter are to be issued for new construction. Land
grant is 12,840 acres per mile, and proceeds of sales go to pav bonds.
The total grant is estimated to furnish 10,445,227 acres net. In 1881 the
sales were 186,505 acres for $924,101. Besides these sales a sinking fund
of $100,000 per annum goes into operation in 1882.
Stock paid inis
$36,763,900. The Central Pacific Railroad Company has taken a lease
of the southern division of this road for a period of not less than five
years from January, 1880, and by the terms of the lease “if a railroad
is not completed in five years from that date, so that there is a connec¬
tion of the Southern Pacific Railroad of California with the Eastern sys¬
tem of railroads on what is known as the thirty-second parallel line, the
lease shall be extended until such connection is made, provided such
extension does not exceed five years longer, or ten years in all,” from
January, 1880. By the terms of the lease, the net rental is $250 a
month, or $3,000 a year, per mile, aud if it shall be reduced by mutual
consent, the rental shall be at least sufficient to pay interest on bonds.
I11 1881 the net income was $156,947 on Northern Division and
$1,650,600 rental on Southern Division, and $234,000 from contract
with Wells. Fargo & Co., making total income, $2,041,547, out of which
was paid $1,719,319 for interest, leaving a surplus of $122,228.
(V. 33,
p. 23, u. 75, 202, 502, 561, 623, 736; V. 34, p. 178, 707; V. 35, p. 79,
103, 291, 339, 405, 454.)
Southern Pacific of Neio Mexico.— Road extends from Arizona State
Line to the Rio Grande at El Paso, Texas, 167 miles. Stock, $6,888,800.
Southwestern(Ga)—From Macon, Ga.,to Eufaula, 144 miles;
has 177
miles of branches, the main one being from Fort Valley to Columbus, 71
miles.
A lease was made Aug. 1,1869, to the Central RR. of Georgia,
which assumes the liabilities aud guarantees 7 per cent on the stocky
but 8 per cent is to be paid if 10 per cent is paid on Central stock.
In June, 1881, $32 per share in 6 per cent debt certificates was declared
by Central Georgia Railroad.
Southwest
Pennsylvania.—Greensburg, Pa., to Fairchance, P., 44 miles.
Opened April 1,1873, and leased to Pennsylvania Railroad, which oper¬
ates it at cost, paying net earnings as rental.
In 1881 gross earnings
were $710,595 and net earnings, $409,038.
Interest on bonds and 8
per cent on stock were
on stock, March, 1882
paid out of net earnings of 1881.
Spuyten Duyvel A Port Morris— Road
4 per cent paid
is 6 miles in length and connects
the New York Central A Hudson with the New York A Harlem.
to New York Central November 1, 1871.
Rental is 8 per cent on
stock of $989,000. Operations arc included in lessee’s returns.
Leased
capital
State Line A Sullivan.—May 1, 1882. owned from Monroeton, Pa., to
Berenice. Pa., 25 miles. Originally organized as Sullivan & Erie Coal &
RR. Co., which was sold in foreclosure Oct. 14, 1874, and a new company
formed December 2, 1874, under the present name. Stock, $990,000.
(par $50). The mortgage covers5,000 acres coal lands. In 1881-82 gross
earnings were $171,343, and net earnings, $36,428.
Staten Isl nul.—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. Earnings, 1879-80. $291,656; net, $71,388. In 1880-81
gross, $304,000; net, $s0,000. (V. 34, p. 107.)
Sterling Mountain (X. Y.)—Road runs from Sterling June, on the Erie
Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron & Rail¬
way Co. Stock, $80,000. Earnings 1880-81, $20,057.
(V. 33, p. 359.)
Sunbury <£• Leunston—1st mortgage
Par Value.
1876
1875
1867
1876
1877
81
81
81
43
57
Syracuse Binghampton <t N. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)
Syracuse Chenango <6 New York—Funded debt
Syracuse Geneva it Corning— 1st mortgage
100
270,000
1,750,000
3,000
j
Bonds ot 1873
Ten't Haute it Logans port.—Stock
1st mortgage, guar, by Terre Haute
1873
967,800
563,000
Texas Central—1st mortgage, gold
New mortgage, gold (2d on 143 miles)
i
Texas-Mexican—1 st mortgage, gold ($15,000 )>. m.).|
Texas it- N. Orleans of ’71—1st mortg. land gr., coup
Texas ct Pacijic—Stock
1st mortgage, gold, coup. (E. Div.)
i
2d mort., consol., gold, coup. (E. Div.)
Income and laud mort., E. Div.. reg
Lanciscrip tor int.on iiic.mort.(eonv.intost’korrd)
1st mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage
Texas et St. Louis—First mortgage, gold
Income bonds. 1st mort. on land and 2d on road.
1st mortgage in Mo. and Ark..Income mortgage..
Texas Western (N. (}.)—1st mortgage
Tioga Hit— 1st mortgage
Consolidated mortgage
Extension bonds
gold.
Stockton it Copperopolis.—Present company is a
November 17, 1877, of the Stockton A Copperopolis
700,000
50 1
1,000
1,000
1,000
1,000
1879
1879
1881
1881
1875
93
143
34
1
1
I
190
400
400
6 g.
7
i
....
1
1
6 g.
6 g.
6 g.
6
6
2,660,000 |
2,660,000 !
4,000.0 M) i
4,000,060 !
12,000 p. m.i
239,500 i
....
N.Y., D. L. A W. RR. Co.
do
do
do
do
July 1, 1896
Aug., 1882
June, 1887
Oct,
1, 1906
Syracuse. Savings Bank. Aug. 1, 1907
N.Y.,Farmers’ E.A T.Co Nov. 15,1905
Mar. 1, 1909
New York.
F. & A. N.Y.,Farmers L.A T.Co.
do
do
A. & O.
J. AJ.
M. A N.
J. A J.
F. A A.
Aug. 1, 1882
1893
N.Y., FarmersTi.AT.Co.
New York,
do
N.
Y., 51 Exchange PI
1910
Nov, 1, 1909
May 1, 1911
July 1, 1921
Aug. 1, 1905
M. A 8. Pliila., N. York A London j March 1‘, 1905
do
do
June 1, 1905
J. A D.
July. New YorkA Philad’pliia Jan. 1, 1915
....
125,000
265,000
84 i 1881
1,260.000
1,000
I
55 1
1,547,662
50
465 i
15,000,000
270 1 1881 1
3,000,000
1,000
270 1 1881 1 500 Ac, 1
3,000,000
-
1
consolidation, made
N.Y., Mercantile Tr. Co.
Feb. 1,
do
do
New York and St. Louis.
July 1, 1920
1930
June 1, 1910
June 1, 1920
6
7
F. A A.
M. A N. N.Y.,
Feb.
Bk. of N. America.
Nov.
7
j
I
7
6 g.
J.
A J. N.
6 g.
J.
A
1
j
1, 1922
May 1, 1882
J.
Y„
Anthony*," P.
New York
or
A O.
London.
1, 1896
Oct. 1, 1905
Jan. 1, 1921
1 9° 1
July 1, 1921
i
Texas it Pacific.— June 30, 1882, operated from Texarkana to Fort
Worth, 253 miles; Texarkana to Fort Worth via Sherman, 244 miles;
Branch (Pa.)—This company operated the Lykens Valley
through the Northern Cent. RR. Co., and it has a small branch, of its
own to Summit Mines,
of a mile. Traffic is almost exclusively coal.
Gross receipts in 1881, including coal, $1,107,428 ; net. $121,870 ; from
Summit
Lykens Valley Coal Co., $20,277; total, $148,150; interest and taxes,
$93,084; balance, $55,072. (V. 33, p. 125.)
Suspension Bridge it Erie Junction.—East Buffalo Junction to Niagara
Falls and Suspension Bridge, 2314 miles. Road opened January, 1871.
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 than $105,000
per annum.
Loss to lessees in 1880-81, $17,901. Lessees own all stock
Marshall to Shreveport, 40 miles; total eastern division 537 miles. Fort
Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso (.joint
track), 92 miles; total Rio Grande division, 616 m.; total of both, 1,153
miles. N. (). l’ac., Shreveport to N. <).. 336 miles when all built. Total
of all, 1,189 miles. The eastern division ends at Port Worth, and Rio
Grande division begins there; the N. O. Pae. terminates at Shreveport.
Tin* Texas A Pacific was built under act or Congress of March 3,1871,
and other acts in 1872 to’74, and the laws of Texas. This company suc¬
ceeded to the right of tin* Memphis El Paso A Pacific Railroad and other
Suracuse Binghampton it New York.—Sept. 30, 1881, owned from
Geddcs, N. Y., to Binghampton, N. Y., 81 miles. Chartered as .Syracuse
& BinUianipton and opened Oct. 23, 1854; foreclosed and reorganized
April 30, 1857, and leased to Delaware Lackawanna A Western. In
1879-80 gross receipts $869,154; net $322,.*135; interest on bonds, $141,400; dividends, $50,100; 1880-81, gross, $1,061,189; net, $597,915; in¬
terest on bonds, $141,400; dividend, $140,280. (V. 32, p. 579.)
Syracuse Chenango it New York— Sept. 30, 1881, owned from Syra¬
N. Y., to Earlville, N. Y., 43*2 miles. The Syracuse A Chenango
cuse,
Valley Railroad was sold in foreclosure and a new company organized
1873, under the name of Syracuse & Chenango Railroad.
April 15, 1877, road was again sold in foreclosure and present company
March 14,
organized, which also became embarrassed and passed into the hands of
Mr. James J. Beldon, January, 1879, as Receiver.
In January, 1880,
the road was sold to the Boston Iloosac Tunnel A West, syndicate, and
litigation ensued. Stock, $500,000 common and $301,000 pref. Earn
ings in 1880-81, $90,173; net, $3,915. (V. 32, p. 101, 444; V. 33, p.
178, 716, 736.)
Syracuse Geneva it Corning.—Sept. 30. 1881, 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 Company. There are, in addition
to above, $563,000 2d mortgage bonds, due in 1909. Stock is $1,162,
800.
In 1830-81 gross earnings were $513,591; operating expenses,
$329,377; net, $184,214.
Tehuantepec.— Road in progress from Gulf of Mexico to Pacific Ocean,
To
December, 1881. 40 miles finished, and about $1,600,000
expended. In Aug., 1882, the Mexican charter forfeited; see V. 35, p
182,213. Stock is $2,000,000. Edward Learned, President, Pittsfield,
Mass.
(V. 33, p. 461; V. 35, p. 182, 2L3, 237. 267, 393.)
Terre Haute <f- Indianapolis.—Oct. 31,1881, owned from Ind’napolis to
Ill. State L.. 80 m., with coal branches, 34 m.; total. 101 m. Tin* road was
of the
best of Western roads.
The company leases and operates the Tern
Haute A Logansport RR., also the St. Louis Vandalia A Terre Haute Road
on joint account with the Pittsb. Cm. A St. Louis RR., at 30 per cent of
Earn¬
gross earnings, but guarantees the tirst and second mort. bonds.
ings for 1879-80, $1,327,135 gross and $446,695 net; 1880-81, $1,300,974; net. 277,487.
Terre Haute it Logansp.—Oet. 31,1SS1, owned from Logansport, Ind.,
to Rockville, Ind., 94 miles; leased, Rockville to Torre Haute, 22 miles.
Total operated. 116 miles.
Formerly Logansp. Crawfonlsv. A Soutliw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute A Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed bv
that company. Rental year ending Oct. 31, 1881, $04,049.
1881.
From the State of Texas the company received 10,240 acres
of land per mile, ami by building east of Fort Worth earned 4,666,845
acres (yet unsold), on which the income bonds are a lien, as also a 3d
mortgage on the road cast of Fort Worth. The railroad lands in Texas,
however, do not lie adjacent to the line of the roads owning them, and
these are located in part in counties along the Rio Grande division.
The R. G. Div. bonds are a mortgage on the lands earned by building
that division, which must amount to about 5,375,000 acres, not yet
located.
The report for 13 months ending June 30,1882, was in the Chronicle,
V. 35. p. 319, which should be referred to; the earnings were only made
on the eastern division, and amounted to $3,438,978 gross and $803,125 net. The. total annual interest charge in 1882-3 will be about
$2,000,000. (V. 32, p. 123, 205, 289, 412, 445, 169, 526, 613, 628, 687;
V. 33, p. 48, 102. 117, 155, 178, 256, 386, 404, 461, 4.70, 561, 623, 087,
716 ; V. 34, p. 205, 292 ; V. 35, p. 52, 162, 313, 3 19.)
Texas it St. Louis.—Narrow gauge road. Texarkana to Gatesville, 305
miles; branch; Dallas to Mt. Pleasant, 118 miles. Connects at Texar¬
kana with the road of the" Texas A 8t. Louis Railway in Ark. A Mo.,”
which is constructing 400 miles from Bird’s Point, opposite Cairo, to
Texarkana. The Texas Co. issues $10,000 per mile in 1st mortg. bonds,
$10,000 incomes and $10,000 stock, and the incomes arc a 1st mortgage
on tlie land grant of 10,240 .acres per mile, and a 2d mortgage on the
road.
Tu Mo. A Ark. the company issues $10,000 por mile 1st mortgage
and $10,000 incomes, and has an aut liorized stock to be issued of $15,000,000. Land grant is 10,240 acres for each mile of finished road,
except on one section of 36 miles, where only 5,120 acres are received.
Lands in Texas are not on the line of road. The stock authorized is
$12,000,000. J. W. Paramore. President, St Louis. (V. 33, p. 102,404,
624,716; V. 34, p. 79, 147, 461, 479,489, 678); V. 35, p. 23, 103.162,182,
229, 313, 431,457.)
.
Texas Western.—Projected from Houston, Tex., to Presidio Del Norte.
Tex., 900 miles, and under construction. In operation Dee. 31,1881,
Houston to Patterson, 12 miles.
Stock authorized, $3,000,000. Lana
grant 10,210 acres per mile. Fred. D. Grant, President, N. Y. City.
is $580,900.
In 1879-80 gross earnings were $393,766 and
earnings, $103,448; in 1880-81, gross, $193,365; net, $1©/.JW.
F. N. Drake, President, Coining, N. Y.
(V, 35, p. 313.)
The stock
net
Toledo,
Toledo
Toledo A nn Arbor it Grand Trunk.—Dec. 31, 1 881, owned from
O., to So. Lyons,'Mich., 61 miles.
on,
A consolidation, Oct., -•
.., 188u, of
A Ann Arbor and Toledo Ann A. A Northeastern railroads. Line to
from Toledo to Pontiac, 84 miles, connecting with Grand IruiiK
Canada. Bonds offered in New York, June, 1 sSl, at $15,000 per Ride
.
Texas Central.—Line of road from Ross, in McLennan Co.,
Anthony, Poor A Olipliant. Stock, $1,900,000.
Earnings ior
$118,672; net, $15,552. See Chronicle June 18, 1881, p. 6ol;
1>. 155.)
Tcxas-AIexicun.—Owns from Corpus Christi, Tex,, to Laredo
Toledo Canada Southern, it Dttrail-.—Toledo. Ohio, to
T. Junction), Mich., 55 miles. Road opened September 1, 1873. G1
ated by Canada Southern. The bonds were partly exchanged intoy,
ada Southern lirst mortgage bonds at 70 per cent of .face value.
to Albany.
Texas, 177 miles. Gross earnings on 143 miles in 1880-81, $247,707:
net, $128,610. Stock, $1,060,000. C. A. Whitnev, Pres., N. O.
(V. 35,
p. 373.)
(
on
the Rio
Grande. 165 miles. Charter covers 1,400 miles in all.
Under same con¬
trol as the Mexican National. W. J. Palmer, President. Land arrant, 16
sections per mile. Stock authorized $12,000,000.
(V. 33, p. 528.)
Texas it hew Orleans (of 1874).—Houston, Tex., to' Orange (Sabiru
River). 106 miies. In August, 1881, this company acquired the La. A
Western from
Vermillionville, La., to Orange, Texas, 112 miles.
In Aug., 1882, it was voted n> increase the stock to $5,000,000, for the
purpose of acquiring the Sabine A East Texas road. This was a reorga¬
nization, 1871, ot the old Texas A New Orleans RR. The stock is
$3,000,600, and a controlling interest was reported sold to C. P. Hunt¬
ington, of the Southern Paeilie. Gross earnings, 18S0 $383,885; net,
$176,138; 1881, f gross, $763,361; net, $399,593, John T. Terry, Pres.,
<N. Y. (V. 33, p. 75,218 : Y. 35. p. 237.)
,
;
companies. By a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards El
Paso on the Rio Grande, to meet the Sout hern Pacific of California, with
$25,000 in bonds and $25,000 in stock per mile.of road. The Fidelity
Insurance Trust A S. 1>. 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,
except 297 shares.
one
F. A A
J. A J
J. A D
6
1876
and lias been
F. A A.
J. A I).
A. A O.
F. A A.
914,290
RR.
Richmond),
6 g.
13,028,000 j
6,720,000 1
pay principal and interest of the bonds. Capital stock, $231,500. The
company previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed.
opened in 1852 (as Terre Haute A
!
1,000
1,000
1,000
and tin* Stockton A
Visalia. Line of road, Stockton to Oakdale, Cal., 32 miles, with a branch
ot 12 miles. Leased to Central Pacific Railroad Company for thirty years
from December 30, 1874. By the terms of the lease the lessee agrees to
150 miles;
7 g.
7- g.
6 gr7
8,784,000 j
....
1852
6
3,969,000
9,131,000
I
54 !
54
7
When
Pay;l,)1(,
Where
31,947,000
500
1882
4
1,000
1,000
1,000
j 1880
|
!
|
i
1,620,000
.
524
524
52 1
7
7
5
7
1,600,000
500,000
500,000 !
2,145,000 j
504,000 j
2,500,000 1
1,000
1875
1875
1875
1880-1
521 i 1880
336 I 1880
266 i 1880
7
1,988,150
50
1 16
_
Toledo Ailn Arbor it Grand Trunk—1st mort.,
Toledo Canada Southern it Detroit—Stock
Toledo Cincinnati it St. Louis—Stock
1st mortgage, gold
2d mortgage, income, not cumulative
1
1,000
101
....
j
& Ind’napolis:
1,000
4
!
261,400 j
1,000
50 Ac.
1881
...
per
(Vn[
$500,000
2,500,000
$....
1875
Kate
Outstanding
2d
mortgage
:
Tehuantepec Interocean—1st mort. (for $6,000,000)
Terre llaulc <t Indianapolis—Stock
1
| Bonds—Priucipul At hen Dug,
Payable, and by Stocks—Last
Whom.
Dividend.
INTEREST OR DIVIDENDS.
Size, or
explanation of column headings, Ac., see notes
on tirst page of tables.
or
[VOL. XXXV.
by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
r
BONDS.
.
to
o
18- *
V•
LjAroit
■
Subscribers will confer a great favor
AND
STOCKS
EAILEOAD
liv
(>• *•>
p.
336.)
ToledoCincinnati it St. Louis.—This is the
consolidated line
(udiio^
gauge) of the Toledo Dclphos A Burlington amt Toledo Cincinnati
•
Louis.
Owns from Toledo to Kokomo, Iml.j 1^1 miles; branch.Da*!
to Dayton and Shanesvillc hr.. 1< 2 miles; Southeastern Pmsion,
miles'; Cincinnati Division, 17 miles ; Iron IiR., 2 1 miles; line
is
Louis to Kokomo, 270 miles; total, 779 miles. April, 1882^400^
188-, * ’•
in oper
Iteration. For each $9,500 in cash, subscribers received $io,u
1st mort;
mortgage bonds, $5,000 incomes and $5,000 stock'. (\ •
P' ' LV
V. 33 p. 48. 433,718; V. 34, p. 265, 317, 366, 379, 4G1; V. 3a, p- w »
53,
267, 313, 339, 374, 431.)
RAILROAD
1882.J
October,
Subscribers
Miles
Date
of
of
heading, &c., see notes
1)agc
011
of tables.
181
181
102
102
1879-0
Div.,ine., lion-cum
inert.,‘Tol. terminal trust “A”
2d M., Dayton
<£■
Tyrone
'
| 1880
1,000
1,000
1880
1881
1881
....
....
35
2%
....
1,820
1,038
gold, on road and equipment
mortgage currency (Government subsidy) — 11,038
do
on load (2d on land), sinking fund.. 1,038
mortgage,
3d
TjiiuI want
bonds on 10,511,780 acres
....
bds.-st’g, (s.f. about $05,000 yrly).
Collateral Trust bonds
- - - Denver Paeillc, 1st mortgage, gold, land grant...
Kans. Pat*.,cons. M..,g.(for $30,()00,000),ep.or rg.
omaba bridge
....
100
....
140
253
394
245
34
1st M.. g, cp., on 110m. west No. lliv.
do
do
1st mort., gold, 140th to 393d mile...
do
2d M.(to lES.Gov.) on 391m.IV. Mo.R.
(1., 1st,31) itli to 039th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
Kans. Pac., Income bds, coup., 3d M.on 127 miles
do
1st I’d bds,cp.or rg.,g.,on 2,000,000 acs
Coupon
Troy £ Boston— September
...
Years.
1876-7....
1877-8....
1878-9....
1830-81
.
.
.
.
..
Miles.
53
53
53
53
53
..
1,000
100,000
....
50 Ac.
250 Ac.
....
....
Div’d
Gross
Net
Earnings.
$.>00,76 L
560,344
Earnings.
593,896
570.1(51
498,719
268,519
271,423
182,206
26,252,911
2
1,778,236
271,747
g.
g.
g.
g.
g.
g.
g.
7
F. A A.
J. A J.
F. A A.
consolidation, January 21, 1880,
Kansas Pacific and Denver Pacific,
of tlio Union Pacific
made under authority
of the acts of Congress of July 3,1802 and July 2, 1804. New stock
was issued for the old stock of the three companies, but their bonds
remained unchanged. (See Chronicle, V. 30, p. 118.)
The company,
under acts of Congress above-named, took a. land grant or 12.800 acted
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. S.
bonds of $27,230,512. Tin* 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 lie paid annually to the Government as follows: First—
Applied directly to interest account, one-half of Government earnings.
Second—To be placed in flit1 sinking fund—the other half of the Govern¬
ment earnings; live per cent of net earnings, after deducting interest on
first mortgage, bonds; so much of $850,000 as may be necessary to
make25 per cent of net: earnings. The annual report for 1881 was pub¬
lished in V. b-l, p. 289 and 370.
The earnings, expenses, income
account and balance sheet were as follows, but the earnings cover only
the 1,820 miles of road—the same in 1880 and 1881:
EARNINGS AND EXPENSES FOR 1880 AND
1881.
1881.
3 879.
3 880.
$
$
4,236,870
5,173,135
169,928
443,135
1,051,155
1,566,073
234,010
13,400.910
469,025
1,312,572
1,831,502
18,040,206
22,455,134
24,258,817
1,701,536
1,964.773
1,109,676
4,424,871
2,132,692
439,90S
473,199
2,179,071
Earninqs—
Passenger—Cash
..
Government
Freight-Cash
Government
Company
..
Mail, express, Ac..
Total gross earnings
..
..
..
Renewal of rails....
Maintenance of equipment..
rp^®l)0rtation expenses....
s
.
.
General.
Total (including taxes)..
^et eamingR
Per ct. of
op. exp. to earn’gs
208,*00
15,075,515
481,013
1,503,599
2,064,119
do
no
Co.’s
1(5,853
3,310,147
1,555,833
438,758
510,710
.
..
1,700,426
5,185,906
2,482,588
394,011
538,341
10,545,119
11,910,015
12,480,343
9,671,429
40*38
46*96
51-45
8,308,337
11,778,474
Aug. 15, 1882
1900
Olliec.
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
A. A O. London, L. A S. Fr. Bk.
J A J
M. A n! N. Y., Bk. of Commerce.
do
do
M. A N.
F. A A.
do
do
J. A I).
do
do
'
do
July 1, 1905
Oct. 2, 1882
1890 to 1899
1890 to 1899
Sept. 1, 1893
1887
April,
July 1,
May 1,
May 1,
Aug. 1, 1895
Payable:-*2 by transportation.
Y., Loud. A Frankf’t.
Y., Bk of Commerce.
N.j
May 1, 1899
Jau
Y., Bk. of Commerce
J. A J.’N. Y., Loud. A Frankf’t.
j
.
1896
1908
1899
1919
June 1, 1896
1895 to’97
m. a n. N.
N.
M. A
M. A S.l N.
1, 1896
July 1, 1916
July 1, 1880
....
IN COM 10 ACCOUNT.
1881.
$ 11,778,474
1880.
Jleeeipts ~
Net earn ngst
...
Interest- and dividends
Other receipts
...
$
11,910,015
1,010,153
284,219
Due United States
1,332,678
13,204,417
13,111,152
$
$
4,819,128
5,174,473
114,315
...(6) 3,045,738
...
on
year’s business
Total disbursements
...
Balance, surplus
117,196
(7) 4,076,134
307,000
434,000
1,779,811
..
...
1,653,359
10,972,817
10,548,337
2,656,080
OF EACH FISCAL
2,138,335
YEAR.
1881.
1880.
Assets—
Railroad, buildings, equipment, Ac.
Stocks owned, cost
Bonds owned, cost.
Advances
Int. on U. S. bonds in excess of sink.
...
-**
154,743,l>29
119,507,615
1,877,300
Materials, fuel, Ac
319,562
Union Paeillc bonds and stock owned
Denver Extension sinking fund
Coal lands and mines
Bonds and stocks held in trust
Land department assets
'
Stock
Funded debt (see Supplement)
United States subsidy bonds
Accrued interest due on subsidy
bonds
Bills payable, and all other dues
counts, less cash on hand and
balances
Interest accrued not due
Balance of income account
*12,755,754
*16,375,055
2,503,360
3,104,477
104,046
199,545
2,185,950
0,384,130
185,165,541
1880.
50,702,300
Total
Liabilities—
"156,878,669
117,305
fund.
82*023,114
33,539,512
12,133,976
t ac¬
sundry
100,178
12,195.950
0,074,212
200,477,246
1881.
60,868,500
82,118,133
33,539,512
12,590,388
an
185,165,541
Total liabilities
3,804,083
4,035,078
780,766
6,514,868
200,477,246
1,519,835
782,721
The securities held at close of the year 1881, amounted to-$20,920,430
bonds and $25,835,700 stocks, at their par
the balance sheet is $29,130,809.
A complete list of
was pub¬
lished in the Chronicle, V. 34, p. 289. The land department
value, of which the cost in
these
reports the
following for 1881 :
Net
Net
Net
„
^
$3o6,913
313,012
121,671
proceeds, Union Pacific land grant 1881
proceeds Kansas Pacific land grant 1881
proceeds of other lands, lots and income
$791,598
81,000
Total net proceeds for the year
Deduct interest paid on consol, bonds
Leaves net proceeds
Tiie earnings for 1861 are given on 1,820 miles only,
earnings of that year are stated at $24,258,817 ; but a
$707,598
and the gross
note says the
branch
This the
the
the Union
this
of it
having been operated during that year, the gross earnings on 2,450
miles were about $5,750,000. While the year 1881 was in progress th
monthly reports of earnings issued showed a large increase over 1880
and thi* earnings on new road were to some extent evidently in
eluded in the returns, as the total for the year 1881 was made $27,451
831; but when the annual report was issued the earnings were onl
given for the same mileage as in 1860, with no information about tn
earnings of all the other lines. It would have been very satisfactory to
stockholders to have a more detailed account of the business and
prospects of nearly 2,500 miles of their road.
Of the. Union Pacific collateral trust bonds, the issue is limited to 80 per
cent of the following bonds: Omaha A Republican Valley RR, $850,000;
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
about $3,480,000; total, $6,856,000. The collateral trust bonds are a
direct obligation of the Union Pacific Company, and have as their seeuiity
the first mortgage bonds of the roads named pledged with the trustees.
The excess of interest collected on hypothecated bonds—say $22,000 per
ear—forms a sinking fund to reduce the principal.
The Kansas Pacific extended from Kansas City, Mo., to Denver, Col.,
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles.
It was organized as “ Leavenworth Pawnee A \\ estern in 1801,
gross
earnings of the Union
Pacific system, together with its
lines, for the year 1861 were but little short of $30,000,000.
Is
sum total ofjjinforination given in regard to the
business over
new
lines of the company. The report says “ the total length of
pacific Railway and branch lines is 4,270 miles,” so it appears from
that all this mileage having been open by the end of 1881, and most
.
Operating Ex-penses—
of way
$
4,922,711
1911
3 894
1882
1903
of Com.
Phila., 233 South 4th.
Romlout,
-East Tyrone
miles; controlled—Omaha A Repub. Valley RR., 132 miles; Omaha N. A
Black Hills RIL, 84; Colorado Central HR.,328; Echo A Park City RR.,
32; Utah A Northern RIL, 41(5; Marysville A Blue Val. RR., 38 ; Carbondale Branch. 32; Junction Cir.v & Fort Kearney, 71; Solomon RR.,
57; Salina A Southwestern, 3(5; St Joseph A Western, 252; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 150;
Denver A Boulder Valley., 27; Golden Boulder A Car, 6; Oregon
Short Line, (51; Greeley Salt Lake A Pacific, 18 ; Denver South Park A
Pacific. 197; Man. Alma A Bur., 28; Nevada Central, 94; total con¬
trolled, 2,419 miles'; total operated and controlled Dec. 31,1881,4,209
do
Sinking funds
Union Pacific Itailwai/.— December 31, 1881, mileage was as follows:
Main line—Council Bluffs to Ogden, 1,037 miles; branches—Ogden to
Junction Central Pacific, 5 miles ; Kansas City to Denver, 038 ; Denver
to Cheyenne, 10(5; Leavenworth to Laurence, 34; total owned, 1,820
Maintenance
171,1 12
do
Discount, interest, premium, tVc
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. Tn 1880-81 the gross earnings were $237,100 ;
net earnings $25,019
Thus. Cornell is President, Rondout, N. Y.
Railroad,the
1
ii’k
N. Y., Nat.
Dividends
miles;
was a
1,051,300
52,500
iooi*
J.
1.
J.
s.
O.
Tidal income
Disbursements—
Interest on debt
$276,614
Ulster £ Delaware— Sept. 30, 1881, owned from ltondout (Hudson
River), N. \r., to Stamford, N. Y., 74 miles. This was the Kondout A
miles.
This
182,000
14,450,005
2,210,000
4,063,000
6,303,000
6,36(5,000
Pa., to Curwensville, Pa., 41 miles;
total, 03 miles.
This company was organized
L*r sale in foreclosure.
Road completed in 3 872. It
April 1,1807, after sale in foreclosure.
,v 1
’ J ’ 1
was leased to the Pennsylvania Railroad in 1878; rental was $73,500.
J. N. Du Barry, Piresident, Philadelphia, Pa.
Clearfield.
18
8
7
8
6
7
6
6
6
6
6
7
7
7
6 A
1,960,000
5,060 000
1,000
1,000
1,000
1,000
1,000
small road in Troy City, extending from Iloosiek Street
Bridge to Troy A Green bush RR., 2J4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
and are guaranteed by the companies interested.
Tyrone £
6
£200
Troy Union— A
branches,
27,236,512
13,861,000
5,381,000
1,000
Mileage.
6,191,021
6,2 16,817
6 g.
30, 1881, owned from Troy, N. Y., to Ver¬
16.853,882
23,829,194
30,501,683
6.1 12,538
1*4
27,229,000
....
1865-7
Freight (ion)
Mileage.
6,(560,492
6.192,660
3L>
65,372,155
1,000
New York.
...
7
7
1,342,600
1,000
1,000
A. A O.
J. A
Jam
J. A
: r. a
A. A
6
6
680,000
1,000,000
159,000
100 Ac,
100
’
Passenger
7
7
7
6
J. A J.
New York.
A. A O. New York and London
7
1,384,000
.
line, 35 miles; leased: Southern Vermont 0 miles; Troy A
Bennington, 5 miles; total operated, 10 miles. Net earnings in 1880-81,
$182,20(5; interest, $198,370; rentals. $27,400. Slock, $1,009,000.
Operations anil arnings for five years past were as follows :
mont State
900,000
500,000
500,000
500,000
1874
1807-9
1871
1879
1809
1879
1805
1806
....
250,000
250,1)00
1,000
1809
1800
1800
1870
6 g.
(5
6 #?•
6
2,250,000
....
....
....
certificates
6
650.000
J 866-9
1306-9
427
250,000
2,250,000
Jan. 1, 1910
Jan. 1, 1910
April 1, 1910
April i, 1910
July 1, 1910
April 1, 1921
April 1, 1921
April 1, 1921
April 1, 1925
6
1,000
,
Stocks—Last
Dividend.!
New York,
6
1,000,000
500 (Sce.
1876
1875
74
,
Payable
A. A O.
1,000,000
-
1.000
....
pal,'When Due.
Whom.
New York.
1,000
1,000
63
Clearfield—Stock.
Bonds—Princi¬
Payable, and by
A J.
500 Ac.
1873
53
Where
J.
....
....
....
— - - -
When
6
6
1,000
1881
1881
1881
1881
1874
Rate per
Cent.
$1,250,000
1,250,000
1,000
1881*
....
Ulster & Delaware- 1st mortgage
2d mortgage income bonds
Union Pacific-Stock
1st
2a
1,000
22
bonds (for $1,000,000)
mortgage, guaranteed, Troy City.
Outstanding
$1,000
....
Convertible bonds......
Amount
Value.
I860
'1880
....
Cincinnati Div., 1st more., gold
do
income, non-cum
Equipment bonds
Iron RE., 1st mortgage
incomes
do'
n-oiyd- Boston—1st mortgage, consolidated
New mortgage
Troii Union- 1st
iv
INTEREST OR DIVIDENDS.
or
1880
180
do
j,,
do
rto
do
Size,
Par
Road. Bonds
’ZTruJst L.-(Cont'il)—Tol.D.AB.,1 st M.,Tol.to K
Trn} Viel AT ,2d M.. inc., noii-ciim., Tol. to Kok ..
1st mort,, Dayton Division
(1
j'
1st
BONDS.
AND
will confer a great favor by giving immediate notice of any error discovered in these Tables
description
Ioi txi
STOCKS
EAILROAD
lvi
Subscribers will confer a great
first page
Miles
of tables.
United N. J. RR. d Canal Companies—Stock
...
General niortg., gold and currency, coup
Unitea Co.’s mortgage, sinking fund, registered.,
Size, or
of
Par
Date
of
Road. Bonds
do
do
do
dollar loan, mortgage
gold loan, reg.
$100
Utah Central—Stock
1st mortgage, gold
Utah Southern, 1st mortgage, coupon.
do
general mortgage (f'»r $1,950,000)
Utah South. Extern, 1st M., Juab to Frisco
Utah d Nevada—Stock
Utah d Northern — 1st mortgage
Utah d Pleasant Valley— 1st mortgage, gold
Utica d Black River— Stock
Mortgage bonds
Black River A Morristown, 1st mortgage
5,669,000
....
841.000
1,700,000
Utica Ithaca d Elmira—1st mortgage,
gold
Verenont d Canada—Stock
Bonds, guaranteed by Vermont
4,225,000
1,000
1,000
1,000
1,000
1870
1871
1879
1879
1,000,000
1,000,000
950,000
6
in*
6 g.
7
7
1,950,000
7
900,000
100
1871
1874
4,986,000
1,000
1,772,000
1,112.000
500,000
200,COO
4,000.000
790,000
600,000
750,000
1,600,000
2,598,000
3,000,000
1,500,000
50,000
500,000
3,000,000
500 Ac.
ioo
’66-’72
1880
500 Ac.
—
26
65
500 Ac.
1871
1879
1871
1866
1866
73
consolidated.
Equipment loans
555,860
1,000
1878
1879
Missisquoi Railroad bonds
Vermont Central— 1st mortgage, consolidated
2d mortgage,
g.
6
100,000
1879
Mortgage bonds
g.
g.
6
866,000
5,000,000
12
Central
g.
100
280
36
75
105
138
37
415
62
180
87
36
16
98
31
Valley (N. F.)- Stock
Valley (Ohio)—Mortgage for $4.000,000
Valley ( Va.)—Stock ($3,200,000)
6
6
6
6
6
6
6
1,800,000
154,000
10 879. O.,
Clayton A Theresa, 1st mortgage.
Utica Chenango d Susquehanna Valley—Stock
Utica Clinton d Binghamton— 1st mortgage
2^
2,000,000
1,846,000
.....
1853
1854
1862
1868
do
do
do
consol, mort. (sink’g fund after 1880)
N. J. RR. A T. Co., 3d loan due State of N. J
Rate per
Cent.
$21,090,400
1,000
1871
1871
1871
1871
187*
plain bonds
Joint Co.’s
Value.
1871
do
„
Amount
Outstanding
430
sterling loan mortgage, sinking fund
do
do
do
do
fVoL. XXXV,
discovered In tbese Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on
BONDS
favor by giving Immediate notice of any error
DESCRIPTION.
For
AND
STOCKS
11866-9
....
500
100
100
1 500
Ac.
Ac.
Ac. {
Ac. i
then changed to “ Union Pacific, Eastern Division,” June 6, 1863, and to
“
Kansas Pacific” on March 3, 1869. 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 flu* first, from the first to the 380th mile
When
Where
Payable
Payable, and by
•
Whom.
Pliila. and N. Y. Offices.
A S.
Philadelphia, Otlice.
A O.
do
do
& S.
London.
A S.
do
A A.
Philadelphia.
A S.
do
A A.
Philadelphia Office.
A D.
Princeton, N. J.
A N.
Philadelphia Otlice.
A. A O. N. Y., B’k of Commerce.
Q.-J.
M.
A.
M.
M.
F.
M.
F.
J.
M.
Q.-J.
J.
J.
A J.
A J.
....
J.
A
J.
New York, Office.
Kountze Bros., N. Yr.
do
do
do
do
do
do
7
7
2
7
7
7
3
6 A 7
5
J.
M.
M.
J.
J.
J.
M.
J.
J.
4
A
A
A
A
A
A
A
J. New York.195 Br’dway.
N.
New York Office.
Utica.
S.
J. N.Y., Nat.Bk.of Com’ce.
do
J.
do
J.
do
do
N. N. Y., D. L. A W. RR.
A J. N. Y., Cont. Nat, Bank.
A J.
N. Y., D. L. AW.
A D.
7
J.
4
8
5
7
7
7
J. A D. Boston, E. Blake A Co.
J. A J. Boston,Nat.Bk.of Redm
A. A O.
J. A J. St, Albans. W. C. Smith.
M. A N. Boston,Nat.Bk of Redm
J. A D.
do
do
M. A N.
do
do
8
1.500.000
10, 1882
1, 1901
1, 1894
1, I894
1, 1894
1, 1888
Sept. 1, 1908
Feb. 1, 1883
Jan. 1, 1889
Nov. 1, 1889
Overdue.
(?) 1882
Jan.
1, 1890
July 1. 1891
July 1, 1909
July 1, 1909
....
....
1,500,000
Mtdi.
Oct
Mch.
Mch.
Feb.
.
July 1, 1908
1904
Sept. 30,1882July, 1891
Jan. 1, 1894
Nov. 1, 1882
1886 A 1890
Jan. 1, 1911
1882
1906
June 1, 1872
July 1, 1891
Oct., 1909
Jan. 1. 1891
Nov. 1. 1886
1891
1876 to 1889
Utica d Black River.—Sept. 30, 1881. owned from Utica, N. Y., to>
Philadelphia, N. Y., 87 miles; leased lines to Morristown, N. Y., to
Ogdensburg, toSackett’s Harbor and to Clayton, 93 miles in all; total
operated, 180 miles. The company has paid its rentals and moderate
dividends for a number of years.
The general .account, September
covered by the first and second land mortgages, and 30, 1881, was as follows, condensed:
3,000,000 acres in the second grant, from the 380th mile westward, are Stock
$1,772,000
covered by the Denver Division mortgage. The outstanding bonds of Bonds
:
1,112,000
Kansas'Pacific above are given less the amounts of each class held by Sundry accounts and balances
55,645
the trustees of the general mortgage. The second land grant mortgage, Surplus fund
320,277
with various other bonds, was taken up with the general consolidated
Total
$3,259,922
mortgage of May 1, 1879, which covers road and lauds; the trustees ot Road and equipment
$2,878,702
that mortgage are Jay Gould and Russell Sage, and they held in trust on
Leased lines, stocks, bonds and advances
311,367
Jan. 1, 1882, the following bonds or the Kansas Paeitle, making $10,Sundry accounts
7,753
831,686 in all, viz.: Leavenworth Branch, $500,000; first land grant, Cash
62,100-$3,259,922
$1,428,250; second land grant. 1,499,000; income (unsubordinated)
Income Account:
bonds. $187,650; income (subordinated) bonds, $3,036,400; Leaven¬
Net income, all sources
:
$255,638
worth Branch, coupon certificates, $56,980; first land grant, coupon
Interest
$81,440
certificates, $243,851; second land grant, coupon certificates, $160,020: Rentals
71,723
Eastern Division coupon certificates, $297,240; Middle Division coupon
Dividend, 4 per cent
70,880— 224,043
certificates, $538,230; Denver Extension coupon certificates, $877,065:
Balance, surplus
$31,595
Denver Pacific bonds, $2,002,000. They also held $2,875,800 of the
288,682
stocks and $2,143,000 of the bonds of other companies controlled by the Add surplus, Sept. 30, 1880
In funding other bonds into the consol, mortgage, the old
Union Pactic.
Surplus, Sept. 30, 1881
>.
$320,277
Kansas Pacific securities were exchanged at par, except as follows:
The surplus is chiefly represented by advances to leased lines. The
The
“funding mortgage” bonds received nothing for 5 over-due Ogdensburg extension
is doing well, and promises to be a good invest¬
coupons; Leavenworth branch and unstamped incomes at 50 percent ment.
Operations and earnings for five years past were as follows:
and nothing for over-due interest; stamped incomes at 30 per cent;
Net
Div.
Gross
Freight (ton,
Passenger
second land grant at 50 percent. The interest on Denver Extension
Miles
Years.
Mileage,
Mileage,
Earnings. Earnings, p. ct.
bonds (sevens due May 1, 1899) was reduced to 6 per cent.
170
1876-7....
5,336,245
5,065,167
$453,576
$220,261
6
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
170
453,145
1877-8....
4
239,292
5,205,965
5,266,280
the charter of the Union Pacific, E. I). (Kansas Pacific)* and opened
180
5,221,906
184,977
2
6,062,017
475,508
January 1, 1871. The Denver A: Boulder Valley was opened under a 5)9 1878-9....
315.771
4
180
1879-80..
5,836,600
9.204,7*5
590,760
year lease from 1873. The company made default, and a receiver was
180
7,377,199
246,780
4
693,170
12,918,373
appointed April 4, 1878. The stock of $1,000,000 went into this consoli¬ 1880-81:.
dation January 1880, and the bonds are retired with the consolidated —(V. 32, p. 205 ; V. 34, p. 11 3.)
mortgage of the Kansas Pacific. (V. 32, p. 92, 123. 232, 285, 412, 600,
660, 687; V. 33. p. 12, 46,93, 126,359, 470, 45)1, 624, 612. 736: V.
Utica Chenango d Susquehanna Valley.—Sept. 30, 1881, owned from
34, p. 116, 178, 289, 291, 292, 317. 376, 435, 461, 625, 655; V. 35, p. Utica, N. Y., to Green, N. Y., 76 miles; branch to Richfield Springs, 22
71, 133, 182, 205, 266, 267, 25)1, 308, 313, 360, 431, 456.)
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
Lackawanna A Western at 6 per cent on stock.
Has no bonded debt.
United New Jersey RR. d Canal Companies.—Lines of road. New York
Gross earnings, 1879-80, $544,616; net earnings, $261,873; dividend
to Philadelphia and branches, 125 miles; Camden to Amboy and branches,
payments, $240,000.
Gioss earnings, 1880-81, $721,882; net, $317,225 miles; Trenton to Manunka Chunk and branches, 89 miles: total
478; dividends. $240,000.
operated, 430 miles. Delaware A Raritan Canal, 66 miles. The United
New Jersey Railroad A Canal Companies were leased in May, 1871, to the
Utica Clinton d Binghamton.—Sept. 30, 1881, owned from Utica, N.Y.,
Pennsylvania Railroad for 5)5)9 years, at a rental of 10 per cent on the to Smith’s Valley, N. Y., 31 miles. Opened June 22,1872, and leased to
stock, besides interest on bonds. The smaller leased roads were taken New York &
Oswego Midland Railroad. The lease was transferred to
with their several contracts. The Belvidere Delaware was leased to the
the Delaware A Hudson Canal Co., which pays the rental of $75,000 per
Pennsylvania Railroad March 7, 1876, and since January 1, 1877. has annum. The road is operated by the Delaware Lackawanna A Western.
beeu operated as the Belvidere Division of United New Jersey Railroad
Gross earnings in 1879-80, $82,553; net earnings, $30,727. Gross in
system. The net earnings are paid over to the lessors in full as rental. 1880-81, $123,409; net. $58,003. Capital stock. $636,285. Isaac May¬
The lease has not been profitable in cash receipts to the Pennsylvania
nard, President, Utica, N. Y.
Railroad, and the net loss in 1879 was $935),885), and in 1880 $1,035,308, and $302,864 in 1881 ; but the connection with New York was in¬
Utica Ithaca d Elmira.--Sept. 30, 1881, owned from Elmira, N. Y„to
dispensable. Operations and earnings for five years past (including the Cortland, N. Y., 71 miles; leased, Elmira to Ilorseheads, 5 miles; total
canal) were as follows:
Div. operated, 76 miles. This company was organized May 11, 1878, as
Passenger Freight (ton)
Gross
Net
RR Co., which was foreclosed April 30,
successor .of the U. I. A E.
Years. Miles.
Mileage.
Mileage*.
Earnings.
Earnings. p. of. 1*78. Stock is
$2,000,000. Gross earnings 1880-81, $142,989; net,
373 143,132,968 256,134,05)9 $8,960,697 $2,694,480
10
Geo. Jas. Rice, President, Ilorseheads, N. Y.
373 1351,245,413 255,027,05)5
8,398,534
2,895,55)2
10 $20,968.
westward,
373
—(V. 34, p.
146,914,158
171.055,377
197,366,974
288.)
332,25)8,977
9,784,843
381,885,409 11,541,681
480.5)5)5,398 13,022,864
3,283,981
3,329.473
1(
4,211,5*0
10
0
Utah Central.—Dec. .31, 1881. owned from Ogden, Utah, to Frisco, 280
miles. This was a consolidation July 1, 18^1, of the Utah Central, Utah
Southern ami Utah Southern Extension. Stock placed on New York
Stock Exchange Dec., 1881.
Earnings from July 1. 1881, to April 1,
1882, in V. 34,
Sidney Dillon, President.
p. 509; V. 35, p. 162, 229.)
p.
5t*9.
(V. 33,
p.
687; V. 34,
Utah d Nevada.—Dec. 31, 1881, owned from Salt Lake City, U. T., to
Terminus U. T., 37 miles. The Utah Western made default January 1,
1878, and the road was held by trustees for the bondholders, ami was
foreclosed Nov. 3, 1880, and this company organized.
(V. 32, p. 356.)
Utah d Northern.—In progress from
Ogden, Utah, north into Idaho
Territory. Ogden to Butte, Mon., 415 miles built to Jan. 1, 1882. The
road was sold in foreclosure March 28, 1878.
Transferred to present
company Mjiy 1, 1878.
Stock $4,986,000. The road is mainly owned
and built b,v the Union Pacific. For the year 1880 the gross earnings
were $1,016,060; net, $552,416; 1881, gross, $1,359,583; net, $602,619.
—(V. 33, p. 93, 346; V. 35, p. 431.)
Utah d Pleasant Valley.—Line of road Provo, Utah, to Pleasant Val
Road opened in 1879. Bonds sold in New York m
1880. Road sold in foreclosure June 12. 1882. to Denver A Rio Grande
West. RR w’.ich extended it to Salt Lake City, 50 miles. (V. 34, p. 088.)
ley, Utah, 60 miles.
.
.
.
.
.
,.
Valley (N. T.)
Railroad.—Sept. 30, 1881, owned from Binghamton,
N. Y., to State line of Pennsylvania. 12 miles. Opened October, 1871.
Leased to Delaware Lackawanna A Western. Gross earnings in 1879-80,
$284,641; net- earnings, $167,121. In 1880-81, gross, $330,841; net,
$187,744. Dividend* paid, $60,000. Samuel Sloan, President, New
York City.
(V. 32, p. 92.)
Valley (Ohio).—Dee. 31, 1881, owned from Cleveland, O., to Canton,
59iiiil*‘S, and 5 miles of branches. Total projected, 130 miles. Earn¬
ings in 1881, $275,673; net, $116,798. Stock, $763,254. (V. 33, p.
247; V. 34, p. 605.)
Valley (Fa.)—Sept 30, 1881, owned frpm Harrisonburg to
Va..
Staunton,
Operated by Bal¬
Earnings. 1880-81. $57,557; net, $11,986. (V. 32, p*
26*miles, and
to be extended to Salem, 87 miles.
timore A Ohio.
6S7 ; V. 33, p. 178,
562; V. 34,
p.
577.)
47
Vermont d- Canada.—Essex Junction, Vt., to Rouse’s roint, Vt..
miles; branches—Essex, Vt., to Burlington, Vt., 8 miles; Swantou, vt.,
to Canada line, 10 miles: total, 65 miles. This road has been mixed uw
inextricably with the Vermont Central, by which it was leased ana*
operated, and the bonds of 1871 were guaranteed by the Vermont
Central.
In 1879 the stockholders voted an issue of $500,000 new
bonds to take up those guaranteed bonds.
No satisfactory reR0rts
In December, 1880. the Court decided in favor of tne
have been issued.
priority of this company’s bonds. F. A. Brooks, President, Boston,
Mass.
(V. 33. p. 610; V. 35. p. 457.)
October,
RAILROAD
1882. J
STOCKS
AND
BONDS.
lvii
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Knr
-
HXDlamttion of column
on
first page
headings, Ac., see
notes
Miles
of
Staustead, S. A Chambly
.867
bonds
and extension bonds (to pay float’g debt).
Income
....
59
77
Massachusetts Stock...... ..............
Vermont
1st mortgage (sinking fund $7,000 per year!
Convertible bonds
Vermont Valley of ’71-1st mortgage
Vicksburg it
-
series
series
series
series
series
Income bonds, cumulative
Virginia<£ 7VucA*ee-Stock (for $0.000,000)
.
.
24
140
140
140
354
Meridian—1st mortgage
3d mortgage, in<*ome (not cumulative)
Virginia Midland — Stock Bonds, 1st series
....
2d
3d
4tli
5th
f>th
do
do
do
do
do
....
....
....
...
54
54
3.348
1st mortgage bonds (payable $100,000 a year). .
Wabash St. Louis <£* Pacific—Stock, common
Preferred stock, 7 per cent, (not cumulative) — 3,3 48
General mortgage, gold (for $50,000,000)
1st mort. bonds on Champaign Ilav. A West
do
1st pref., convertible
1st mort. bonds on Chicago & Strawn
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort., gold. Indianapolis Division
Iudianapolis P. A Chic.. 1st mortgage
Hav. Ranto.d A East. 1st mortgage
1st mort., gold, Iowa Division
Wabash, 1st mort. (Toledo A Illinois)
do
1st un»rt. (Cake Erie, Wab. A St. L.)
do
1st mort. (Great Western of 1859)
do
1st mort. (Quincy A Toledo)
Size,
•..
All.
131
131
262
270
112
87
74
75
143
75
167
180
33
INTEREST OR DIVIDENDS.
or
Par
Road. Bonds.
®f tables.
Central—( Continued)—
■Vermont
Date
of
Amount
Outstanding
Value.
$100 Ac.
1872
$444,100
1,000
100
100 Ac.
•
1865
1872
1880
1881
1881
1881
1.508,600
3,050,000
1,000
1,000
..
.
150.000
.
....
....
100
1881
1881
1881
1881
1881
1881
1882
....
....
....
....
1.000
■
....
.
1874
.
.
550,000
.
1,000
100
100
800,000
1,000,000
1,000,090
1,920,000
6,000,000
599,158
1,825,895
1,013,245
921,820
1,753,162
1,310,000
4,000,000
(?)
700,000
26,921,500
23,033,200
17,000,000
1,210.000
340,900
4,500.000
1880
1^80
1879
1880
1881
1881
188 L
1,000
1,000
100 Ac.
1881
1853
1853
1863
1865
1,000
1,000
2,052,000
2,000,000
275,000
300,000
2.300,000
900,000
1,000
2.500,000
1,000
2,496,090
1,000
500,000
1,000
1,000
3,857,000
1,000
1,009
Rate per
Cent.
When
J.
M.
A.
J.
J.
A.
3
6
7
5
6
3 to 6
7
Bonds—Princi*
pal, When Due.
Payable, and by
Stocks—Last
Whom.
Payrable
A
A
A
A
A
A
A. A
M. A
7
8
Where
'
Dividend.
J. St. Albans, Treasurer.
N. Bost., N.Bk. of Redemp.
O.
Boston, Office.
J. Boston, Fitchburg RR.
J.
do
do
O. Bost., Safe Dep. A Tr.Co
O. New York, Plock A Co.
N.
Jan. 1, 1887
1902
Oet. 7, 1882
July 1, 1883
July 1, 1885
Oct.
i; 1910
April 1, 1921
May 1, 1921
June 1, 1921
....
M.
M.
M.
M.
M.
M.
J.
6
6
5 A 6
3-4-5
5
4 A 5
6
I
A
A
A
A
A
A
A
S.
Baltimore.
S.
do
S.
do
S.
do
S
do
S.
do
J. New York or Alexand’a.
9
M’nthly
Q.-F.
10
6
/
5
5 g.
6 g.
6 g.
7
6 g.
7
7
7
7
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
M.
F.
F.
F.
M.
A
A
&
A
A
1, 1906
1* 1911
i; 1916
1, 1921
1, 1926
1, 1931
1. 1927
San Fran., Bank of Cal.
Monthly.
Aug. 1, 1889
N. Y., Co.’s Agency.
1).
do
do
do
D.
do
J. N. Y., F. Loan A Tr. Co,
N. Y., Co.’s Agency.
J.
do
J.
do
do
J.
do
do
do
D.
Nov. 15, 1881
Jnuel, 1920
Dec., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
Q.-F.
6 g.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
.
8.
do
do
A. N. Y., Metropolitan B’k.
do
A.
do
A. N. Y., Nat Bk of ComTce
N.
do
Mar.
1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
do
Nov.
1. 1890
—-r- ■
Vermont Central ( n' Cen rat Vermont).—Windsor, Vt., to Burlington,
Yt., 120 miles; branches
turns of the Vt. Ceii. Co.
and leased lines, 299 miles, included in the
re¬
Other leased lines, New Loudon A Northern,
100 miles: BraflleboroA Whitehall,'3(5 miles. This company has been
through more complicated and vexatious litigation than any railroad in
New England.
Poor's Railroad Manual ot 1879 gives the following
account of it: “This company (Central Vermont) was chartered under
its present title, Nov. *2, 1*72. The Vermont Central Railroad Co. was
chartered October 31, 1843, and the road opened to Burlington
December 31, 1849.
August 24, 18 19, it leased the Vermont. A
Canada Railroad, Lien under construction, agreeing to pay an annual
rental of 8 per re it on its cost, and creating a mortgage, on their own
road as security for such payment. This lease has been the subject of
almost continual lit'gation since 1854. The. Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took possession of the road June 28, 1852, and it has ever
since been operated by them under direction of the court.
On the first
of January, 1871, a lease was taken of the Rutland Railroad and its
leased line, the Add’son Railroad, the lessees agreeing to pay $37(5,000
per year, and in ad titiou $40,500 a year for four years; $(57,500 for two
years; $81,000 per year for six years, and $94,500 per year thereafter
This contract was modified February 25, 187(5, as hereafter stated.
In
September, 18(51, a lease was also taken of the Sullivan County Rail¬
road of New Hampshire, at an annual rental of $25,000, but subse¬
quently modi tied so that the rental depends on earnings. About 18(57
the managers of the Vermont Central Railroad purchased the Stanstead
Sheft'ord A Chambly Railroad, extending from St. Johns, P. Q., 43 miles,
to Waterloo., P. Q., laying therefor $500,000 in bonds.
They also took a
lease of the Missisquoi Railroad. The road from Canada Line to St.
Johns is also operated by this company, and is practically a portion of
it, though chartered by the Provincial Parliament under the title of Mon¬
treal A Vermont Junction Railroad Co. The Vermont A Canada Rail¬
road extends from Essex Junction to Rouse’s Point, with branches from
Essex to Burlington, and from Swan ton to Canada line, in all (55 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in the
mileage of the Central'Vermont RR.” The road is managed by a hoard
of trustees appointed by the Chancery Court of Vermont. J.
Gregory
Smith is President. In the two years, 1876-78, the gross earnings were
$4,076,702, and net earnings, $1,461,139 ; 1879-80, gross. $4,320,978 ;
net, $1,220,025. The foreclosure suit has been pending a long time on
the second mortgage.
(V. 33 p. 610; V. 35, p. 188.)
Vermont & Massach nsetts — Line of road, Fitchburg to Greenfield,
Mass., 56 miles: branch, 3 miles. The road is leased to the Fitchburg
RR. for 999 years at 6 per cent.
Vermont Valley of ’71.—March 31, 1882, owned from Bellows Falls to
Brattleboro, Vt., 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles.
Con¬
trolled by Connecticut River RK. The Sullivan County'RR. stock is
deposited as collateral security' for the above mort. bonds. Net earnings
of both roads y
ear ending March 31, 1881, was $107,007; in 1881-2.
$88,008. Dividends of 4 per cent per annum are paid on the stock of
$1,000,000.
Vicksburg & Meridian — Line 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 yrear and 6
per cent for thirty-five years; $1,920,000 of
third mortgage income bonds, with interest at 7
per cent, if earned ; and
preferred stock, $1,937,189; common stock. $3,957,100. The annual
report was in V. 35, p. 20. and gross earnings for 13 months ending
March 81, 1882, were $550,830; net, $176,158. (V. 32,
p. 71,611,
w>0; V. 33. p. 75, 125; V. 34, p. 205: V. 35, p. 20.)
"Virginia Midland.—December, 1881, owned from Alexandria to
Oordonsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Byncnburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
wnicli
49 miles leased to Balt. &
Ohio); Front Roy'al Branch, 1 mile;
owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
miles; Pittsville to Rocky Mt., 30 miles: total leased, 58 miles. Total
total
an<l '‘‘used, 405 miles, of which 51 miles, Strasburg Junction
Harrisonburg, is leased do the Baltimore & Ohio, leaving 354 miles
tAij
to
operated.
The
Washington City Virginia Midland A Great Southern
Orange Alexandria A Manand Lynchurg A Danville railroads.
The Orange Alexandria
JfcManassas was a consolidation (June 1, 1867) of the Orange A Alexwas
a
a sas
consolidation (Nov., 1872) ot the
tlie Manassas Gap. The Washington City Virginia Midrrt‘at Southern was put into the hands of a receiver July 1,
ins J*:rest being m default, and was sold tn foreclosure May 13, 1880,
krmf I1.
iftTK
•
einioM-n
6
Tha
litigation sold again
Dec. 20, 1880.
Reorganized
,U(l’ and bonds and stock issued as above.
-coimn ^a tiluore & Ohio had large claims
against the
after reorganization that company and
aniT??8’
as
Vir-
p
company for
the Garretts
interest; amounting to $3,00 >,000 in stock, to the Richin thi
Syndicate. The plan of reorganization was published
Of
vi r>, Un£’ tS81, Supplement under Wash. City Vir. Mid. & Great Soutn.
me above
bonds, the first series is a first lien between Alexandria
t
.
%
and Gordonsville, including lease of Charlottesville A Rspdan 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; the third series is a third lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth lien between Alexandria aud Gordons¬
ville, including Warrenton Branch and lease of Charlottesville & Rapidan
UR., aud a third lien between Charlottesville and Lynelilmrg; the fifth
series is a first lien between Manassas Junction and Harrissouburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Harris¬
souburg to tin*. 15. 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 Ly nch¬
burg; the sixth series is a first lien between Ly nchburg 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
shares of common and a $1,000 income bond. The company issued
additional common stock, making the total $6,000,000.
The general account December 31, 1881, was as follows :
or.
Cr.
Capital stock
$4,902,000 Cost of road A prop’ty $15,737,363
Income bonds
3,412,081 Constructs A equip...
158,338
Bonds issued
7,423,281
Bills A accounts paya¬
i$15,895,701
216,381
Profit and loss
Materials and supplies
2,715
176,592
121,015
ble, Ac
Unpaid interest
Connect, lines,Ac.,bal.
on hand
Connect, lines, Ac..bal.
Cash
54,167
223,445
80,753
Total.
$16,254,068
Total
$16,254,068
Earnings for the years ending December 31 were :
Miles.
Gross earnings. Operat’g exo’ses. Net earn’gs.
1880
354
$1,247,576
$865,446
$381,970
1**1
1,333,546
767,988
565,557
—(V. 33, p. 256, 275, 624; V. 34, p. 265, 292; V. 35, p. 449.)
Reno. Nev., to Virginia, Nev., 52 miles; branch
total, 54 miles. Road
opened November, 1869. The bonds are payable $100,000 per year.
Gross earnings in 1881 were $914,271; net, $394,564, against $449,7(6 in 1889; dividend payments, $240,000. The per cent paid is not
stated, and the reports say that the amount of paid-up capital is not
known in consequence of the destruction of the books by' fire several
years ago.
D. O. Mills, President, San Francisco. (V. 32, p. 687.)
Virginia <£ Truckee
line, Silver
—
Junction to Silver City, 2 miles;
Wabash St. Louis & Pacific.—A. consolidation of the Wabash Railway
with the St. Louis Kansas City' A Northern, November 1, 1879. Miles of
road operated. Dec. 31, 188L:
East of the Mississippi River —Toledo to
E. St. Louis, 436 miles; Decatur.to Camp Point, 129; Camp Point to
Quincy, 23; Bluffs to Hannibal, 501 Maysville to Pittsfield, 6; Clayton
Elvaston, 34; Edwardsville to Edwardsville Crossing, 10; Detroit to
Logausport, 214; Michigan City to Indianapolis, 161; Attica to Cov¬
ington, 14; West Lebanon to Leroy, 76 ; P. A D. Junction to St. Francisviile, 109 ; Vincennes to Cairo, 158 ; Hollis to Jacksonville, 75 ; Springfield to Havana, 47 ; Streator to Altamont, 156; Shumway to Effingham,
8; Strawn to Chicago, 100; Urbanato Havana, 102; White Heath to
Decatur, 30 ; Lafayette to State Line (C. I. St. L. A C., 46), ^ for W. St.
L. A P.,23; State Line to Keokuk, 224; Hamilton to Warsaw, 5; La
Harpe to Burlington, 20; total east of the Mississippi, 2,211 miles.
West of the Mississippi—St. Louis to Kansas City,277 miles; St. Louis
Levee tcFerguson Junction, 10; Centralia to Columbia, 22; Glasgow to
Salisbury', 16; Moberly to Ottumwa, L31; Brunswick to Council Bluffs,
224; Roseberry toClariuda, 21; N. Lexington to St. Joseph, 77; West
Quincy to Trenton, 136; Ke kuk to Humeston, 131; Relav to Albia, 24;
Des Moines to Jefferson, 67; total west of the Mississippi, 1,137 miles.
to
Grand total east and west, 3,348 miles.
Tne annual report for 1881 was published
in the Chronicle, V. 34, p.
405, aii<l the following comments were made: “The annual report of
this company' is one of the most interesting reports ever issued. As late
as November, 1881, the quarterly dividend of 1*2 per cent on the pre¬
ferred stock was paid, and at the elo-e of the year the accounts showed
deficit for 1881 of $2,472,038, ora net deficit of $1,452,858, after
deducting the nominal surplus of $1,0Lu,180 at the beginning
of the year.
The gross earnings published monthly showed a
large increase over 1880, and led the public to believe that the
company was doing well.
During November the preferred stock
sold from 90»4 to 8334 ex-dividend, and this was the time for those
having intimate knowledge of the company’s artairs to sell, as it must
have been to them a foregone conclusion that a heavy decPne would
take place when the real condition of the company’s affairs became
known. The conspicuous figures of the report, which account largely
for the decline in net earnings, were the operating expenses, amounting
to $10,792,943, against $7,787,348 in i8S0; but none of the usual
items of operating expenses are given iu detail, such as * maintenance
of way/ ‘ cost or transportation/ Ac., so that it is impossible to say
a
Subscribers will confer a great
favor by giving
explanation of column headings, Ac., see
on first page of tables.
Wabash St. Louis d
Pacific—(Continued—
j
Funded debt bds (see.bvdep’sit of coups.)
Mort., gold, sink. fd. $25,000 after ’82..
^
m
m
m
or
Amount
Par
Value.
Outstanding
$300,000
1,000,000
250 Ac.
100 Ac.
1,500,000
1,000
1,000
1.000
1869
1877
1871)
2,500,000
2,610.000
2,700,000
500 Ac
1867
.
Size,
2,940,357
1,600,000
1,000
1 QTT
50
354
354
....
a-V' 1
[VOL. XXXV.
102
83
24
73
Alb. RR„ 1st mortgage
Chicago Cincinnati A Louisville, 1st mortgage...
Wallkill Valley— 1st mortgage
0
•
•
•
1880
1879
1864
1,000
500 Ac.
*
-
-
18
172
60
38
63
128
Bonds- Princf.
100
1,800,000
....
50
500 Ac.
500Ac.
500 Ac.
500 Ac.
750,000
600,000
884,000
540,000
1,359 750
313,500
1,000,000
1,000,000
442,582
a-
1).
J.
8.
O.
A. A O.
F. A A.
Sis
3 hi
7
7
7
6
4
6
6
7
6
....
•
J.
J.
Dividend.
Y., N. Bk. of Com’rce. Aug. 1, 1900
do
do
do
do
do
do
do
do
do
do
(h-»
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
May l. I893
May 1, 1878
May 1, 1893
Feb., 1907
Aug., 1889
Feb.
1, 1907
April 1, 1909
r
A
A
A
A
J.
J.
M.
A.
7
7
6 A 7 g.
7 g.
6 g.
7
4
7
6
7
7
400,000
....
F. A A.
F. A A.
A. A O.
7
Whom.
A. N.
N.
N.
N.
Q.-F.
r
6 g.
1,000,000
250,000
750,000
3
1861
1866
1869
1879
7
7
7
7
6 A 7
7 g.
pal,When Due
Where Payable, and by
Stocks Last
.Jan.,
1, 1909
July 1, 1895
Sept. 1, 1895
1903-1908
April 1, 1919
Aug. 1, 1919
Oct, 1, 1917
Oct. 1,
J. N.YL,Metropolitan N. Bk
J. N. Y., Imp. A 1 rad. B’k
A
A
....
81 <fc ’82
June
1909
July 1, 1894
....
A J. N.Y'., Farm ers’ L.AT.Co
Jan., 1887
July 1, 1927
J. A J. Boston, Bost.A Alb. RR. July 5, 1882
Oct., 1882
A. A O. N.Y., Del., L. A W. RR.
do
do
A. A O.
April 1, 1909
J.
r
....
M.
M.
J.
F.
M.
J.
A.
M.
do
March 1, 1905
do
S.
N. Y., Kountzc Bros.
N.
1903
D. Baltimore. Balt.A O.RIL
A. Phi la.. Pa,.RR.(’o. Office Oct. 15 1881
do
<io
S.
Mch., 1883
do
do
J.
Jan., 1896
do
do
Oct., 1899
O.
do
do
N.
Nov., 1909
A
A
A
A
A
A
A
A
,
Camden A Amboy..
/
4
1,000,000
500 Ac.
A
A
A
A
F.
M.
M.
M.
6
rj
1,204,000
100
1855
1870
1875
12
bonds
Washington City d Pi. Lookout—1st M. bonds, gold
4.500,000
1.190,000
385,000
....
-
1867
1877
18
18
18
2d mortgage
1st consol, mortgage
Wasatch <£■ Jordan Valley-Gold
3,000,000
1,388,500
2,350,000
264,000
1,000
1,000
1,000
1,000
49
Ware River— Stock (guaranteed)
Warren (N.J.)— Stock
6,000,000
1.000
Rate per When
Cent.
Payable
non
500,000
1,000
1,000
1,000
1879
1865
1874
1878
1879
1879
1880
1880
146
22
237
Centrev. Moravia A
Loan of 1883, guaranteed by
1st mortgage loan
1st
do
consolidated
BONDS.
immediate notice of any error discovered in tliese Tables.
$1,000
1862
1853
1858
1865
29
75
167
180
490
109
Hannibal A Naples, 1st mortgage
St. L. K. C. ANo., 1st mort. (North Missouri)
do
real estate A railway 2d mort—
do 1st A 2d M.ouSt. Char. Bridge,coup.or rg
do 1st at., Omaha Div., gld, s. f., coup.or rg
do 1st mort., gold, Clarmda Branch
Toledo Peoria A West., 1st mortgage
do
1st prof, income, eonv., int. guar..
do
2<1 pref. income bonds
Quincv Mo. A Pacific, 1st mort., gold (int. guar.).
Peoria Pekin A Jacksonville, 1st mortgage
til
Date
of
Bonds
Miles
of
Road.
notes!
Wabash, 1st mort. (Illinois A So. Iowa) extended
do
2d mortgage (Toledo A Wahasli)
do
2d mortgage (Wabash A Western)
do
2d mortgage (Great West, of 1859)
do
Consol. M.t (on all but Dec. A E St.L.)..
1st mort., (Decatur A E. St. Louis)
do
do
do
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
ItAiLKOAD
Iviii
i*
wlierc the increase took place. The interest and
also showed a very
large increase,
amounting
The trustees of the general mort. for $50,000,000 are the Central Trust
Co. of N.Y. and James Cheney of Indiana.
It provides for taking up all
the old bonds as they mature, or by exchange at any time the holders offer
them, and reserves $33,000,000 for that purpose; and the bonds so taken
up are not canceled but remain in flic bauds of
as
prop¬
this was a most important
accessions to the property
the trustees
the
company
in
new
lines purchased during the
$6,000,000 are
year.
The Auditor’s report is excellent in giving a particular erty of the trust. Then and the balanceassigned for equipment and per¬
manent improvements,
of $11,000,000 tor the acquisi¬
account of the terms of each lease and the annual charge on this com¬
tion of new roads, Ac. All the roads owned and all the right and title to
pany for rentals and interest.
It appears from this that the company roads leased and controlled are covered by the mortgage deed. The
was not under its full charges for the whole year 1881, and the charge
for rentals in 1882 will be about $1,030,000 and for bonded interest mortgage may be foreclosed after six months’ default of interest, if a
$4,380,082, milking a total of $5,410,082. against $1,456,706 in 1881— majority in value of all the bondholders so request the trustees. First
mortgage op St. Charles Bridge is for $1,000,000, and is 6 per cent now,
an increase during this year of nearly $1,000,000.”
The mortgage on Iowa Division was
The following extracts will furnish all the information given in the running absolutely till 1908.
General Manager’s report in regard to the operations of the road : “ The given in place of tin? Mo. Iowa A Nebraska mortgage bonds.
The amount of funded debt bonds of 1877, due 1907 as above given,
result for the year 1881 shows that the net earnings have not been sufliincludes the scrip certificates for coupons funded and deposited in trust,
cient to pay the fixed charges and dividends, and that the company is in
which certificates amounted January 1, 1882, to $1,068,357, and are
deficit. It cannot be denied that this unexpected result has come from
exchangeable into the bonds. If not exchanged the certificates fall due
many causes, most of which were beyond our control. The gross earn¬
with the principal of the bonds from which coupons were cut.
ings of the road—instead of showing a large increase over the previous
Preferred stock has a prior l ight to 7 per cent (non-cumulative); then
year, as would have been the case under ordinary circumstances and
conditions—have fallen considerably below those of 1880, taking into common to 7; then both share in any surplus.
The Toledo Peoria & War. company made default Dee., 1873, and was
account the additional miles operated. This unexpected decrease is
owing largely to the failure of the crops, but partially to the very low operated by a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
rates which have prevailed on through business for the last eight
months, growing out of the fight between Eastern trunk lines, over organized as Toledo Peoria & Western. This company made a lease for
which state of things it was impossible for our company to exercise any the term of its charter to the Wabash St. Louis. A Pacific on temis as
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
control.”
$4,500,000 first mortgage bonds of the Toledo Peoria A Western.
ROAD AND EQUIPMENT.
1880.
1881. The $2,900,000 income' bonds, to be guaranteed at 4 per cent
Pacific
Total miles operated
2.479
3,348 and to be convertible at par for Wabash St. Louis Awere also common
convert¬
Locomotives
*561 stock. The $1,000,000 second preferred income bonds
458
ible into Wabash preferred stock,
stock of the
Passenger, mail and express cars
289
*372 Toledo Peoria A Warsaw was scaled share for share. The 30 per cent
cent common,
Freight and all other cars
15,665
*20,139 second preferred and 50 per cent 25 perpreferred, each shareholder
first
Includes narrow-gauge equipment.
receiving this amount in new stock of the Toledo Peoria A Western
OPERATIONS AND FISCAL RESULTS.
stock. The Toledo Peoria A Western stock ($3,000,090) was changahle
Operations—
1880.
1881.
Passengers carried
1,992,763
3,215,200 into Wabash common stock, three shares for one. (V. 32, p. 71, 289.310,
Passenger mileage
97,774,576
137,114,727 356, 386, 437. 454. 613, 685; Y. 33, p. 48, 75, 93, 126, 262. 224, 250,
Bate per passenger per mile
2 398 cts.
2 238 cts. 305, 387, 469, 528, 641, 687; Y. 34, p. 20, 222, 317, 336, 367, 405,
Freight (tons) moved
4,533,187
5,393,917 435 ; V. 35, p. 52. 95, 266.)
Wallkill Valley-Sept. 30. 1881, owned from Montgomery, N. Y.. h>
Freight (tons) mileage
1,149,774,547
1,105,783,399
Average rate per ton per mile
0 928 cts. Kingston, N. Y., 33 miles. Sold in foreclosure, in 1877, and rcorganizeu.
0-862 cts.
There are income bonds due 1927 for $330,000, and stock is $330,000Earnings—
$
$
*
' ,
Passenger
2,344,452
3,067,989 Gross earnings 1880-81, $103,877 ; deficit, $10,822.
Freight
9,532,334
10,667,906
Ware Hirer— Palmer, Mass., to Winohendon, Mass., 49 miles. It is
Mail, express, Ac
551,326'
731,S94 leased for 999 years to the Boston A Albany Railroad at a rental of /
Total gross earnings
12,428,112
14,467,789 per cent per annum. J. A. Rumrill, President, Springfield, Mass.
Wan'cn, X. J— Line of road, New Hampton Junction to Delaware
Operating expenses
7,787,349
10,792,943
Bridge, N. J., I8I4 miles. The road is leased io Delaware Lackawanna
Net earnings
3,674,846 A Western at 7 per cent on stock and bonds. Gross earnings, 1881,
4,640,763
Per ct. of operat’g expenses to earn’gs
62 65
74-59 $593,234; net, $345,274. (V. 32, p. 611.)
INCOME ACCOUNT.
Wasatch d Jordan Valle!/.—Brigham City, U. T., to Alta City, U. T..
1880.
1881.
44 miles.
In 1878 the Brigham Canon A Camp Floyd was merged
Ti/'f'p inf
c;
in this, and it is stated that there are mortgages prior to the above.
Net earnings
3,674,846 For three years, 1876-7-8, the average net earnings were $13l.tsy
4,640,763
Other receipts
33,601
277,245 per annum. Stock is $1,100,000. Lately bought by Denver & hi<>
Grande Western. C. M. Scofield, President, N. Y. City. (V. 3o, p. ltd-/
against
$3,140,614
change,
of
the
,i\
rentals in 1881
to $4,456,700,
in
in
of
view
1880
the
the
and
large
*
,
<?
4,674,361
$
Total income
IHsbursements—
Bentals paid
Interest on debt
Taxes, rent of cars,
Dividends
483,255
2,657,360
514,569
&c....
3,655,181
Total disbursements
-
snr.1,019,180
Balance, surplus or deficit
GENERAL BALANCE SHEET
(CONDENSED) AT CLOSE OF EACH
^
ssets
Railroad, buildings, equipment, See
83,923,952
' 1,212,245
3,116,529
11,578,866
88,200,475
$
Total.
Stock, common
Stock, preferred
Funded debt (see Supplement)
122,338,046
$
21,014,500
20,453,000
26,921,500
42,094,858
336,703
Sundry balances’*
2,682,234
Income account
1,019,180
*
*
Total liabilities
Includes audited
paid taxes, Ac.
107,658,815
$208,760.
88,200,475
1,452,858
23,033.200
66,291,858
355.466
1,500,000
4,236,622
122,338,646
vouchers, interest accrued, interest not due,
un¬
Operations for three, years past were:
Passenger
435,862
Income account
Liabilities—
Shepherd,
Washington City d: Point Lookout.—HyattsviUe, Md., to
Md., 13 miles, and to be extended. This road was opened in
leased to the Baltimore A Ohio for $36,000 gold per annum.
stock paid in is $1,000,000. Same ofiicera as Baltimore A Ohio
1873.
4fl
3.447,027
Kauroaa.
637,501
West Jersey.—Main line—Camden to Cape May and Bridgeton, 11
1,329,918
miles; leased lines, 27 miles; West Jersey A Atlantic RK-, 34 mae ,
The company holds 111 sinking tm*(
6,424,123 total, 172 miles operated.
def.2,472,037 $339,000 in bonds. I11 1881 total net earnings were $427,olL
which, deducting net earnings of the West Jersey A Atlantic, nr
FISCAL YEAR.
remained $374,537, and the charges for interest and rentals wi
1,009.079
873,875
Construction-andequipment account..
Bills payable
Doans payable
3,952,091
$
286.119
Securities on baud
Materials, fuel, Ac
T
'
Mileage.
1879
1880
1881
16,674,109
25,372,305
42,550,400
-(V. 32, p. 3 66; V. 33, p.
-
Gross
Earnings.
$586,178
758,690
991,600
317, 548, 655; V.
Freight (ton)
Mileage.
5,217,286
5,557,065
9.016,582
256; V. 34, p.
i)39« i
o
West Jersey & Atlantic— Newfield, N. J., to
miles. Opened June 17, 1880, and operated by
on a
joint traffic agreement and 25 per cent
.
v *
fV,rc
aosqftTi
35, p. %
!C.
,
vr
T
Atlantic City, £
West Jersey Kali
34
j
of gross receipts ou {
deficit mme .{
lOo, 01 m
Jersey Bom traffic of this road to bo applied to any
and {lien as sinking fund for bonds purchasable at
over that.
Stock is $59,000.
Western Alubama.--Line of road—Selma to Opelika,
1 #5
miles
01
October
RAILKOAD
1882.J
Subscribers will confer a great
description.
headings, Ac.,
on firstpage ot tables.
explanation of column
p
For
tore
see
STOCKS AND
favor by giving immediate notice of
Miles
Date
of
notes
of
Road. Bonds
d Allan t ic 1st 11101 tgage...............
{Ala.)—Western RR. bonds, before consol..
Tpvscu
34
44
160
138
90
90
90
90
90
90
Size,
lix
any error
discovered in these Tables.
2d wort
WpKtern d
by Cent, of Ga. and Ga. RR. A B. Co.
A flint lie (Cut)— Income bonds
guar,
mort., endorsed Balt. City..
unendorsed.
^
(io
endorsed by Baltimore
do
endorsed by Washington Comity ..
o(l
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore
Western Maryland—l&t
1st mortgage,
Amount
Par
Value.
1880
1868
1870
1873
1858
1858
1867
500
500
500
500
500
Outstanding
$1,000
Rate per When Where
Cent.
Payable
300,000
6
8
8
10
6
6
6
6
600,000
6
875,000
6
6
$500,000
600,000
1,158,000
Funded coupons.
-1st mortgage.
Western MinuesotaLaml grant bond*
Western North Carolina—1st mortgage
....
60
i
1st
Pennsglran in — 1st mortgage
mortgage, Pittsburg Branch
General mortgage......
White
30
....
— -
Ac.
Ac,
Ac.
Ac,
Ac.
1,000,000
541,626
500,000
76,000
850,000
800,000
1,000,000
1,200.000
1,300.000
1,000
1,000
....
1863
18 63
28
644,000
200,000
400,000
300,000
100 Ac.
500 Ac.
....
07
Western
1,000
1,000
1870
1872
1880
1877
18*7
90
endorsed by Baltin‘ore
do
ath
4tli
....
186 <
1868
500 Ac.
100 Ac.
....
....
65
Water—Stock ($325,000 of it l>.ref.)
187-9 1879-0
Wheeling d Lake Erie.—1st M., gold ($1;>,000 n. m.)
Wilmington Columbia & Augusta—S lock
New mortgage....
Northern—Stock
d Weldon—Stock
Wilmington d
1st series
2d series,
income
gage
follows:
Gross
Earnings.
$467,597
544,107
579,492
679,746
692,911
Western d Atlantic—Atlanta,,
Built by State of
....
326
326
326
46
1879
1 879
1879
....
....
100
100 Ac.
500 Ac.
lOOOAc.
1875
....
1874
48
Expenses and
Taxes.
$367,072
367,454
395,498
500 Ac.
The gross
Net
Earnings.
$100,524
176,052
186,994
276,949
316,154
402,797
376,757
The capital stock is $682,250.
The company was largely assisted by the city of Baltimore, and
was unable to pay allj its
interest. A compromise was made with
-the preferred second mortgage bondholders for funding coupons.
The Baltimore & Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for five years
have been as follows, but in 1878-79 the construction account was
•closed and all expenses charged to operating expenses, on which basis
earnings have since been relatively decreased.
Passenger
Freight
Gross
8,502,388
10,705,925
12,277,592
Mileage.
5,180,982
5,469,519
6,645,328
7,278,431
Net
Earnings.
$347,202
347,442
397,564
461,87 1
540,148
Earnings.
$129,927
73,095
88,278
85,952
175,657
p. 85 ; V. 35, p. 457.)
Western Minnesota .—Sank Rapids,
miles. Road opened Nov. 1, 1877.
—(V. 34,
Minn., to Brainerd, Minn., 61
Leased to the Northern Pacific
Railroad May 1, 1878, for 99 years. Stock, $800,800. The land grant
is 537,842 acres. George L. Becker, President, St. Paul, Minn.
,
Wesleni North Carolina—March 31,1882, owned from Salisbury, N. C.,
Rock, Tenn. State line, 189 miles. The road was financially em¬
to Paint
barrassed, and was purchased April 17, 1875, by commissioners for the
■State of North Carolina, and subsequently finished by the Richmond &
Danville Terminal Railway Compauy. It is proposed to complete the
road to Cleveland, Tennessee.
Stock, $4,000,000. (V. 32, p. 100; V.
33, p. 316, 385, 580; V. 34, p. 179, 366 ; V. 35. p. 103, 298, 374.)
Western Pennsylvania.—The road runs from Blairsville to Alleghany
City, Pa., 6312 miles; branch to Butler, Pa., 21 miles; total, 84*3 milesCompleted in 1865 and branch in 1870. Leased to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬
road, lessee, owns $993,050 stock but 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 ear-niugs were $166,954. (V. 35, p. 393.)
White Water—Valley Junction, O., to C.ambridge City, Ind., 65 miles.
This was formerly the White Water Valley, sold in foreclosure May 2,
1878, and reorganized under this title. Gross earnings, 1880-81, $118,668; net, $24,823. Elijah Smith, President, Boston, Mass.
.
to
"Wheeling d Lake Erie.—Road under construction—Wheeling. W. Va.,
Toledo, O., 205 mile's, and branch, Norwalk to Sandusky, O., 21
In January, 1882, 97 miles in operation. Bonds offered in New
toiles.
York, July, 1880 by N. Y. New England A Western investment Go.
Stock, $5,250,000. (V. 34, p. 52 ; V. 35, p. 23, 71, 103, 162.)
Wilmington Columbia d A ngusta.—The road extends from Wilmington
N. C.,to Columbia, S. C., 189 miles. In 1880-81 there was expended
$42,000 out of earnings for locomotives. Paid 3 per cent dividends for
,
1880 and 1881.
Years.
Earnings have been:
Gross
}§76-7
$518,225
509,699
478,309
l§'9-80
1880-81
Road
Eara’gs.
547,446
640,956
Net Earn’gs.
$87,630
deficit,
98,659
8,010
145,423
135,917
sold in foreclosure, October, 1879, for $860,500, and re¬
organization is in progress.
The scheme of reorganization (which was
earned out) provided that a new
corporation should he created, with a
stock of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The holder of
$2,000 of the old oonds, together with the
cates for funded
interest, received a
was
certifi¬
$1,000 bond of the new oompany,
S?a in addition six snares of stock. The plan adopted provided only for
hrst mortgage bondholders, and cutoff Income bonds, $600,000;
berafleates of debt, $336,000; Heating debt, $879,022, and the capital
of the old
company,
$300,000.
(V.33, p. 68
5
7
1^
5
5
5
1,305,800
....
Georgia and opened in 1850, and by an act of October
Mileage.
7,411,061
g.
g.
-
48
Western Maryland.—lane of road—Baltimore to Williamsport, Md., 90
miles;
Emmitsburg Branch, 7 miles; Edgemont
to Shippens-
net
7
7
5
2 to
2 to
5,700,000
1,789,800
275,000
250,000
400,000
....
1873
....
6 g.
3,800,000
....
Ga., to Chattanooga, Tenn., 138 miles.
total, 131 miles.
7
221,400
749,000
400,000
....
24,1870, was leased to a company for twenty years at a monthly rental
of $25,000. In 18S1 gross earnings were estimated at $1,500,000, and
net. $600,000 ; rental, $300,000; surplus, $300,000
(V. 32, 184; V. 34,
p. 317; V. 35, p. 133, 291.)
burg, Fa., 34 miles;
6
3
100
....
8s of Montgomery A West Point RR. due May 1, 1888.
net earnings have been as
....
A. A 0.
J. A J.
A. A O.
6
....
•Georgia. The old stock and income bonds were wiped out in the fore¬
closure, and tin* property is represented by the bonded debt and $816,005
due each of the above companies.,. There are also $45,000 second mort¬
uu3
r-*
4
6
....
Worcester d Nashua—Stock
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <fc Rochester—Stock
do
do
1st m., guar, (for $700,000)
r-*
1,600.000
7«>
....
bonds, gold
Central—Consol, mprt., land grant, prof
6
7
1,278,050
1,456,200
648,700
1,000
..
1^
700,000
Atlanta, Co.’s Office.
A J. Balt., N. Mechanics’ B’k
do
A J.
do
A J.
do
do
A J.
Hagerstown, Md.
A J. Balt.,N. Mechanics’ B’k
A J.
do
do
A J.
do
do
do
do
M. A N. N. Y., Northern Pacific.
M. A N.
do
do
1880
....
180
Sinking fund
Q-J.
5
Stocks—Last
Dividend.
Whom.
J.
J.
J.
J.
J.
J.
J.
6 g.
3
.
pal,'When Due.
Payable, and by
M. A 8. Pliila., Fidelity I. T. Co.
A. A O. New York A Savannah.
do
4. A O.
do
3,500,000
960,000
.
180
Wilmington
Sterling bonds
do
do
Wisconsin
1879
....
iso
i Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
1188776--90902. 187-9 1879-0
tVac/
ixuetr>'n
.
BONDS.
T
_
1
_
Sept. 1, 1910
Oct. 1. 1888
Oct. 1, 1890
Oct. ’79 to ’91
Jan. 1, 1890
Jan. 1, 1890
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
1895
1895
1900
1902
1890
May 1, 1890
April 1, 1893
Jan. 1, 1896
Oct. 1, 1901
_
Philadelphia, Penn. RR.
do
do
1895
do
do
M. A N.
Nov.
J.
J.
July 10, 1882
June, 1910
N. Yr., Co.’s Agency.
A J.
Baltimore.
A D. Balt., Safe Deposit Co.
J. A D.
J. A J.
Loudon.
M. A N.
do
J. & J. N.Y.,Bost., Loud., Frank
M. A N.
Boston.
J. A J.
do
J. A J.
do
J. & J
Worcester, Office.
Various
do
do
A. & O. Boat., Globe Nat. Bank.
P. & A.
do
do
A. & O.
Worcester, Office.
A. & O. Bost., Globe Nat. Bank.
1, 1909
July 15, 1882
1881
1886
1896
5 p. ct. yearly
1909
1909
July lr 1882
May 1, 1887
April 1, 1893
Feb. 1, 1895
Oct. 2, 1882
April 1, 1894
Wilmington d Northern.—Dec. 31, 1881, owned from Wilmington
Del., to Reading. Pa., 72 miles; branches, 7 miles; total owned 79 m iles
Has bonds amounting to $122,700. Earnings in 1881 $325,012: ne
$66,761.
Wilmington d Weldon.—Road extends from Wilmington to Weldon,
miles; branch to Tarboro, 17 miles; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia A Augusta Railroad for 99
years. The lessees made default December, 1877, and the lease was sur¬
rendered April 13, 1878. For three years, 1879-81, 3 per cent yearly
dividends were paid. The earnings and expenses for five years have been:
N. C., 163
Gross
Net
Earnings.
$548,462
Years.
18~t‘-77
Earnings.
$156,908
176,277
175,693
488,448
505,978
Years.
Gross
Net
Earnings.
$603,175
750,916
Earnings.
$221,698
303,833
-(V. 33, p. 685.)
Wisconsin Central— Dec. 31,1881, owned main lino and, branches
Stevens Point to Menaslia, 65miles; do. to Ashland, 186 miles; do. to
Portage City, 70 miles; branches, 7 miles; total owned, 327 miles. Leased,
Schwartzburg to Menasha, 93 miles; Menaslia to Appleton, 5 miles; Hil¬
bert to Green Bay, 27 miles; operated under contract, Milwaukee to
Schwartzburg, 9 miles. Total operated, 402 miles. The Milwaukee &
Northern lease is terminable on six months’ notice, and on Feb. 1, 1882,
the Wisconsin Central gave notice. A foreclosure suit was begun in
Sept., 1878, ana in Jan., 1879, the road was taken possession of by the
trustees for bondholders, who still operate it. There is a land-grant
of over 800,000 acres, and on March 1, 1882, proposals were received
for $100,000 bonds to be taken up with proceeds of laud and stumpage
sales. The full plan of reorganization (now practically accomplished) was
given in the Chronicle, V. 29, p. 303. This embraced the issue of a new
consolidated mortgage to cover $400,000 5 per cent preferred bofids;
$3,800,000 first series bonds, bearing 2 per cent for three years from
July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is
payable J. and J., but dependent each time on the net earnings of the
half year ending six months before. The stock of $11,500,000 remains,
$2,000,000 of it preferred and $9,500,000 common, and is all deposited
in trust with Stewart and Abbott, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to continue so to he. Certificates for now stock have been
issued to the old stockholders, which pass as a delivery on sales. In
March. 1882, a circular was issued, inviting subscriptions of $1,400,000
to build a 65-mile extension from Neenah south to Sohleisingerville.
The object was to get a paying independent line to Milwaukee and
towards Chicago. For $10,000, subscribers are offered $10,000 first
mortgage 6 per cent bonds, $2,000 5 per cent (cumulative interest) in
come bonds, $1,000 6 per cent (cumulative dividends,) preferred stock
and $2,000 common stock—in all $15,000, at par, of securities. Stock¬
holders have the right to subscribe in the proportion of 1 for 8 of their
holdings of Wisconsin Central stock. The Wisconsin Central will lease
the new road for ninety-nine years. For four years past the earnings,
&c.,
7
were
'
Years.
1878
1879
...
Passenger
.
Miles.
449
455
460
461
Mileage.
-
5,661,975
6,385,319
Freight (ton)
Gross
Net
23,225,583
Earnings.
$733,819
Earnings.
30,920,076
41,550,726
851,090
Mileage.
$122,863
193,090
265,748
1881
47,766,777
272,108
-(V. 32, p. 124, 207, 579, 634; V. 33, p. 491. 580: V. 34, p. 147, 317
522, 655 ; V. 35, p. 23, 298, 313, 374, 405.)
...
1880
.
...
.
.... .
8,746,766
10,466,444
1,146,352
1,365,967
Worcester d Nashua—Sept. 30,1881, owned from Worcester to Nashua,
46 miles; leased, Nashua & Rochester, 48 miles; total operated,
94 miles. Paid regular dividends of 10 per cent for some years
before 1874-5. in 1875-6 the leased line charges (Nashua A Rochester, 48
miles) first appear in the accounts, and the Worcester & Nashua paid
onlv 5*t2 per cent dividends in that year. The rental charge being
plainly
too heavy, an agreement was made in 1879 to reduce the
on bonds
to 5 per cent, and the dividends on Nashua
& Rochester stock to 3 per cent per annum. The interest on Worcester
& Nashua bonds was also reduced to 5 per cent, and surplus earnings in
interest
any year above requirements for interest and 3 per cent on each stock
are to he apportioned between the stock of each company according to
the relative number of shares. In 1880-81 had a surplus of $145 over all
charges uud a dividend of 3 p. ct. In addition to above there are $37,006
5 per cent W. A N. bonds. Five years’ operations were as follows:
Gross
Net
Freight
Passenger
Earnings.
Years.
Earnings.
Miles,
Mileage.
Mileage.
94
10,063,658
$157,260
1876-7....
$497,239
6,383,990
94
168,351
9,961,740
473,240
1877-8....
5,703,761
94
165,495
473,081
1878-9....
6,168,871
12,123,444
94
553,592
167,033
6,784,960
14,995,020
94
588,770
155,196
16,153,062
7,222,999
..
..
-(V. ^3, p. 560.)
STOCKS AND
CANAL
favor by giving
Subscribers will confer a great
explanation of column
on
first page
of tables.
Par
Value.
$....
1,000
1856
50
Vario’s
2,078,038
1,993,750
8,229,594
14
14
184
184
184
184
....
500 Ac.
50
60
and reg
1,000
1858
60
148
148
148
100
....
1,000
1,000
1869
1871
1874
1877
....
339
....
1869
1864
....
....
1867
....
1867
Loan, debenture mortgage..’.
....
....
-1872
1871
1872
1877..
103
103
103
dividend
guar’d by Penn. RR
Schuylkill Navigation—Stock, common
. •.
General mortg., interest
Preferred stock
1st mortgage, extended
1870
•
•
Improvement bonds
various.
various.
50
1,000
do
bonds of 1872, 4th mort
Union—1st mortgage..\
1,000
1,000
1,000
50
■
.
1839
1859
’44-’64
1841-1
1872
85
1,000
l
4,653,000
106,190
41,550
2,470.750
....
)
Dividend.
6
6
6
6
6
7
A J. N. Y., Union Trust Co.
A D.
Philadelphia. Of)ice.
do
do
A J.
A J.
Q- J. Balt., A. Brown A Soils
London.
Q-J.
J. A J. Balt., A. Brow’ll A Sons.
F. A A.
Phila., 258 So. 3d st.
do
do
J. A J.
Q—Meb. N. Y., Bk. of Commerce.
do
do
J. A J
do
do
J. A J.
New’ York, Ofliee.
A. A O.
do
do
M. A S.
Q-M.
6
6
6
6
7
3,000,000
J.
J.
1870
1890
1885
Phila., 233 So. 4th St.
Philadelphia, Office.
A
A
A
A
M. A
J.
J.
M.
M.
J.
J.
J.
J.
A
A
A
A
J. A
M. A
J.
J.
N.
N.
N.
J
J.
J.
J
J.
N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
....
Q. -M.
I
-I
ijl
1884
1891
1894
1
ij
Sept. 1. 1917
June, 1882
1
%
1894
1884
1897
1897
|
'
i
|
1
Dec., 1882
|
I
I
1882
June 1, 1911
1892
>|
1883-’84
n
Aug. 4, 1882
Aug. 4, 1882
April l, 1906
Oct., 1885
i
I
1880.
Philadelphia, Office.
'g
July, i9lo
Aug. 15,1881
Aug. 15,1881
March, 1897
$
$
$
$
5,229,266 5,764,477 7,210,524 9,328,763
58,400
42,810
41,025
Canal tolls
39,100
243,537
93,516
91,408
Miscellaneous profits
80,146
345,075
727,283
535,264
Coal on hand (Dec. 31)
672,785
805,914
561,948
595,663
Railroad earnings in Penn.
398,219
301,858
312,243
326,635
Interest on investments...
341,781
630,643
Balance
59,591
Jan., 1885
1
Jan.
6,818,887*
Total
Disbursements—
Coal on hand Jan. 1
$
$
341,036
Mining coal
Coal transportation, Ac...
Canal freight and exps
673,651
2,264,228 3,003,893
641,951
618,252
1,348.970 1,764,195
.
Total
1,340,956
406,883
498,562
1,234,449
6,818.887
Interest
Taxes and miscellaneous
Loss on leased railroads...
Balance
ti'"'
7,985,118
7,985,118
350,916
316,059
GENERAL BALANCE AT CLOSE OF
$
$
Canal, Ac
Railroad and equipment.. 6,190,766
Coal-yard, barges, Ac
877,784
Susquehanna RR. 1,022,293
Second track Alb. A Susq
New York A Canada RR.. 3,597,074
Cherry Val. & Sharon RR.
305,991
Meehan. A Ft. Edward RR
Schen. A Meehan. RR
Coal on hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
672,785
439.020
617,246
4,295,445
Telegraph and Car Co....
69,410
958,667
Supplies on hand
Gash and bills receivable.. 2,314,268
Profit and less
'
Total assets
J’j%€L bilii lpjs——
6,220,669
8,643,783 8,795,657
2,679,077 2,699,590
Lack. A
2,102,464
8,948,327 11, Oo3,547
1879.
6,339,210 6,339,210
Real estate
Mines and fixtures
14,642
1,351,429
EACH FISCAL YEAR.
1880.
1878.
Assets—
8,948,327 11,083,j47
$
727,284
535,264
3,171,369 3,985,304
755.331
596,827
1.568,245 1,737,979
1,343,973 1,374,784
400,401
366,578
Jan., 1894
Jan 1894
Jan., 1902
May 1,1883
,
gold loan due
The Lehigh &
loan due 1897,
720,487
1,022,293
$
6,339.210
6,414,759
8,846,316
2,713,957
746,791
1,022,938
1881.
$
6,339,210
6,456,258
9,027,804
2,729,311
690,397
1,022,938
300,000
3,597,074
300,000
535,264
727,283
1,07-4,808
3,597,074
300,000
16,146
200,773
345,075
608,894
400,015
3,597.074
-
368,773
605,326
4,480,701
69,410
878,000
3,140,116
587,185 1,208,726
615,514
613,181
4,294,706 *2,985,349
69,409
962,130
3,785,656
39,610,006 40,981,301 41,041,614
^
^
^
$59,101
97,050
120,330
125,438
2,568 4
42,983 1
22,725 f
70
12,876 J
’
932,231
915,039
$1,261,668
$322,011
$613,924
$194,236;
production of coal was
1880.” * * * “Our
of $265,915 over
this makes a
the preceding year.
stockholders m
of the^dividena
balance must oe
under the four-mill
amount for which we
relieved from tne
The balance to credit of dividend fund Dec. 31, 1880, was
Dec. 31, ls81, was $471,445.
The President’s report for 1881 said: “The
648,148 tons, an increase of 94,978 tons over
total revenue from all sources was $1,875,592, a gain
1880. The decrease in fixed charges, $25,995, added to
total gain of $291,911 in net revenue over
“
A dividend of one dollar per share was paid to the
December last, and the balance remaining to the credit
fund at the close of the year w as $471,445.
From this
deducted whatever sum shall be paid to the State
tax law for the years 1879, 1880 and 1881.
The
are to be held liable is $81,248, but we expect to be
payment of a considerable part of this sum. * * *
..
“The first mortgage 6 per cent, loan of $5,381,840 matures m Apni>
1884, and may be paid off in w’liole or in part by the sale of
controlled by the company, and the balance (if any) probably extenaea
at a lower rate of interest.” * * * “ The balance to the credit of pront
and loss account is $2,287,988.”
* * *
.
i he floating debt, less cash aseets, is about $700,000; against wmen
the company holds $746,000 of its consolidated 7 per cent bonds,
000 Delaware Div. Canal Co. bonds, and 18.901 shares of its own fitoex.
The third instalment of the extended debenture loan was P&kf* i«
maturity. Dec. 10, leaving only $106,190 due Dec. 10 next °f
779 loan that matured in 1877.” (V. 32, p. 2o4,231; V. 34. p.
securities
“
$3Ui>-
“
229,604.)
for 999
1871, to Lehigh Valley Railroad
69,409
The lessees assume bonds and scrip, and pay 10 per
1,148,322 years.
annum on pref. stock and 4 per cent on consol, stock.
3,884,088
40,9o2,4s4
^
Stock
20,000,000 20,000,000 20,000,000 20,000,000
18,333,000 19,837,000 19,837.000 18,843.000
Bonds
Miscellaneous accounts... 1,277,006 1,144,301 1,003,827
823,053
Profit and lose
200,786 1,236,431
Total liabilities
39.610,006 40,981,301 41,041,014 40,902,484
♦These miscellaneous assets include the following: Jefferson RR
bonds (108), $86,710; Albany A Susquehanna consols (762), $762,000;
sundry bonds$368,^61; 8,540 shares Albany A Susquehanna, $854,000;
8.241 shares Rensselaer A Saratoga, $822.1^7 ; sundry stocks, $91,640.
—(V. 32, p. 98. 155, 230, 526; Y. 34. p. 176, 262; V. 35, p. M.)
Lehigh Coal d Navigation.—The Central Railroad of New Jersey
$51,792
97,050
$1,287,664
Surplus
Morris.—Leased April,
cent per
Petmsi/lvayiia—Worked in interest of Pennsylvania Railroad, which
guarantees interest on bonds. An old mort. of $90,000 is due in lo»0
Earnings in ’80, $368,769; net. $190,943; interest, taxes, Ac.,
earnings in 1881, $370,405: net, $107,793 ; interest, Ac., $185,115.
Philadelphia
Schuylkill Navigation—Leaned from June 1, 1870, to
Reading for 999 years. Rental received in 1881,
lessees defaulted on the rental and an attempt was made
$351,459
Reading *
31,
interest. -
Susquehanna. -Leased and operated by Philadelphia A
bonds and half of net earnings Deo.
floating debt was $249,070, including $227,660 accrued
Uni?* —Stock, $2,907,850
road for interest on
to scaie uu
propositions made oy
Railroad have been carr
p. 17, 184; V. 34, P-
interest on some bonus, and certain
Receivers of the Philadelphia A Reading
out. See annual report in V. 34, p. 202. (V. 32,
the
|
$
g
1, 1918
$1,875,592
Taxes ehargeablo to canals
Taxes chargeable to coal and coal lands
Taxes on capital stock
Taxes on landed property and improvements...
Interest account
|
'
§
DISBURSEMENTS.
General and legal expenses
Rent and taxes Nesquehouing Valley Railroad..
Rent and taxes Delaware Division Canal
1
h
%
$1,609,676
,
|
Feb., 1886
May, 1880
May, 1913
May, 1915
(in purchase or equipment) $2,310,000 of the
1897, and leases the Lehigh & Susquehanna Railroad.
Wilkesbarre Coal Company assumes $500,000 of the gold
1881.
1
-
1882 to 1907
1895
Phila. and Baltimore.
do
do
do
do
do
do
do
do
assumes
1
if
-.I
Aug. 16, 1882
July 1. 1898
Sept. 11. 1882
Philadelphia, Office.
....
jf
|
July, T886
8.
&
$.
July 1, 1909.
do
do
do
do
Q-J.
do
do
Q-F.
do
do
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
F. A A.
do
do
M. A S.
F. A A. Leh. Val. RR. Co., Phila
do
do
F. A A.
do
do
A. A O.
do
do
A. A O.
do "
do
F. & A.
M. A
$1
227.500
97,810
250,000
Whom.
J.
J.
J.
J.
Total
1879.
Receipts—
■
*
7
7
1,709,380
3,990,390
1,200,000
228,000
756,650
628,100
1,000
....
Bales or coal
V
6
7
3,210,450
2,002,746
1,000,000
1,323,000
Payable, and by Slocks—Last
Chesapeake d Delaware.—Delaware City to Chesapeake City, Md. and $771,000 (all) of the convertible gold loan due 1894. There is also
hi 1st Greenwood mortgage of $140,000, due Oct,.. 1. 1882.
The Board
Chesapeake d Ohio.—In a suit against the company the Court (January, of Managers’ report for the years 1880 and 1881 has the following state
1881) declined to appoint a Receiver, bur ordered the company to report
ment of receipts and disbursements :
at stated times its receipts and payments.
(V. 32, p. 43.)
RECEIPTS.
1«80.
1881.
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at interest
Railroads and Nesquehouing Tunnel
$1,157,900 $1,429,468
on bonds and 4 per cent a year on stock, payable till February, 1880, in¬
Lehigh Canal
;....
108,666
55,830
clusive, in scrip, then till August, 1881, half in scrip.
Water Powers Lehigh Canal
19,755
18,947
Delaware d Hudson.—This company, which is among the largest miners Delaware Division Canal
90,176
74,044
and carriers of coal, leases the Alb. A Susq. and Rensselaer A Saratoga Net profit on Lehigh Coal
240,742
185,626
railroads. Also endorses bonds of N. Y. A Canada RR. The income Royalty on coal mined by lessees
......
6.076
7,573
account for 1881 showed net surplus receipts of $2,lo2,4(j4, against
Revenue from rents
33.728
35,660
$1,351,423 in 1880. The annual report for 1881 was given in V. 34, Miscellaneous receipts
7,737
13,316
p. 262. Comparative statistics for four years:
,
1878.
•
6
6
50c.
INCOME ACCOUNT.
I: f
6 g.
6
6
6 g.
220,000
103,164
4,501,200
2,988,000
840,200
500
500
Albermarle d Chesapeake.—Securities placed on New York Stock
Exchange list February, 1880. Prcst., Marshall Parks, Norfolk, Va.
M
771,000
5,381,840
2,000,000
O
780,000
45
-
5,0<>0,000
11,273,400
1,000
1,000
1,000
....
1870
1863
1864
Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. bonds, 1st mort
do
pref., 1st T. W. priority b’ds.
4,829.000
7
7
7
7
7
...
Boat and car loan
Boat and car loan
5,549,000
1%
6
2
5
7
....
(payable by P. & R.)
800,000
20,000,000
3,465,000
6
5
6
2
6
245,000
1,025,000
1,175,000
50
50
2d mort gage
Mortgage bonds, coup,
4,375,000
1,699,500
1,633,350
6
.
643,000
1.000
various.
....
•
2,000,000
Where
When
Payable
I
|
Prinei-
pal,When Due.
i
7
500,000
100
•
•
1,000
■
....
Outstanding
Var.
100
1876
1865
1869
337
337
108
Pennsylvania—Stock
1,000
lOOOAc.
50
500 Ac.
Var.
Var.
500 Ac.
Var.
....
103
Boat loan
Ifl
500 Ac.
500 Ac.
....
'
Div. ($10,000,00;•)
Lehigh Coal d Navigation—Stock
Loan, conv., coup., gold (assumed L. & W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by other co’s.)
.f'H
25
....
„
Loan, debenture
Consolidated mortgage loan
Greenwood 2d mortgage, reg. Extended,
Scrip
Morris—Stock, consolidated
Preferred stock
New mortgage (for $1,000,000)
Rate per
Cent.
$1,500,000
Bonds having next preference
Delaware Division—Stock, (Couv.into L.C.AN.stck.)
1st mortgage (extended 20 years in 1878)
Preferred stock scrip
Amount
Canal. Bonds
(originally $2,800,000)
Delaware d Hudson—Stock
let mortgage, registered
do
do
Debenture loan of 1894, coup
let M., coup. A reg., on Penn.
Size, or
1879
headings, Ac., see notes
Chesapeake d Ohio— Stock
Maryland loan, sinking fund
Guaranteed sterling loan
i
discovered In these Tables.
Bonds-
Immediate notice of any error
Date
of
Miles
of
Alberrnarle d Chesapeake—Stock
Mortgage bonds
Chesapeake d Delaware—Stock
1st mortgage
[Vol. XXXV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
1
OCTOBBK,
MISCELLANEOUS
1882. J
AND
will confer a great favor by giving Immediate notice of
Subscribers
DESCRIPTION.
of column headings,
first page of tables.
*orei
STOCKS
&c.,
Date
of
see notes on
Size,
outstanding.
par
100
25
100
100
American
American
American
Boston
District Telegraph-Stock
Rate per
Cent.
------
H ater Lower—Stock
Mortgage bonds (for $2,.s00,000)
«!
Boston
1874
^fiterhng^bondMsirking fund one-fifth of
land sales).
bonds, gold, sixes (for $2,500,000).
Central New Je: sty Land—Stock
Colorado Coal & Iron—Stock
1st consol, mortgage, gold
Consolidation Coat of Maryland—Stock
1873
1874
....
Mortirage
1880
1864
717,875
495,000
539,000
2.400,000
10,000,000
3,500,000
10,250,000
270,000
752,000
500.000
400,000
1,000
1,000
j 1868
1,000
100
100
1,000
-•
.
Maryland Union Coal—Stock
Mutual Union Telegraph—Stock
5,000,000
10,000.000
5,000,000
5,000.000
1,500,000
1,500,000
6,000,000
1st mortgage bonds, gold
New Central Coal—Stock
1881
100
500
100
100
1,000
1,000
100
100
50
Straitsville Coal <£ Iron—Stock
Texas Landj Limited)—Stock
York <&
Land scrip receivable "75 percent for lands
Debentures, registered
7
....
N.
Dividend.
Y., Company’s Office. Sept.
1882
8.
Y., West. Union Tel.
New York, Office.
Sept.
1,
M. &
16‘,
1877
A
J. N.
Y., Company’s Office.
i,*
1882
J.
& D
J.
J.
& J. London, Brown S. & Co.
& J
New York or London.
.
.
N.
.
July
Boston, Office.
Nov.
12, 1872
June, 1884
do
1, i.904,
1, 1904
Jan., 1875
Jan.
Jan.
scrip.
6 g.
2
7
6
6
8
3
1
6
F. & A.
N.Y., Office, 47William St
N.Y.. Co.’s Office, 71 B’y Jan. 27, 1882
J. & J.
do
do
Jan., 1885
■
J.
A.
M.
J.
& J.
do
do
Jan. 1, 1897
& O.
New York, Office.
Oct. 15, 1875
& N. N. Y., at Ill. Cent. R. R.
Nov., 1893
& J. N. Y., West. Union Tel. July 1, 1882
Q.-F.
J.
J.
Boston, Treas. Office.
& J.
Aug. 1, 1882
July 1, 1901
& J.
....
...
lifi
New York.
Jan.
Jan.
Nov.
7
ra
1, 1886
1, 1876
1, 1906
^
6
2
1
M. A N.
New York.
New York, Office.
New York.
M’nthly
May 1, 1911
Jan.15,1881
April, 1880
....
322.515
....
Whom.
8.
6 g.
6 g.
161.000
100
100
1881
1875
bonds (lor $500,000)
1laryiana Coal Stock
3,000,050
7,620,000
500,000
10,000,000
5,000,000
(?)
4,400,000
....
Mortgage
New
LOO
£200
1,000
1,000
Preferred stock...
New York <t
10
7
2,148,000
pal, When Due.
Where Payable, and by
Stocks—Last
J.
2^
4,720.815
1872
1
Q-M.
•
50
1,000
When
Pay’ble
....
18.000,000
800,000
100
mortgage
mortgage,
Bonds
14,000.000
1,500.000
2.400,000
3
100
100
(convertible)
consolidated, convertible
Cumbei-land Coal * Iron—Stock
,
Dunleith * Dubugue bridge—Bonds, sinking fund
International Ocean Telegraph- -Stock
Iowa MR. Rand Co.—Stock
..
Iron Steamboat Company— Bonds
Mariposa. Land <£ Mining Stock
1st
1st
o
10
Express-#tock
Land—Stock.
Bo w/tf—Princi¬
INTEREST OR DIVIDENDS.
$100 $12,000,000
Cato-*took ($20,000,000) guar. 5 by West.U
Coal (Maraland)-Stock
-
Tel *
any error discovered In these Tables.
Amount
or
Value.
BONDS.
7
f
....
1900
1
Adams Express—Ho reports; no
information.
American Telegrap h tC Cable Co.—Owns two cables between Sennon
1
Cove, England, ana Dover Bay, Nova Scotia. The stock of $10,000,000
•was parthT paid up. and in April, 1882, a poolii.
arrangement was
arrange
made with the other cable companies for 38 years, y which this com
pany receives 22^ per cent of combined revenues \. ile both its cables
are w orking and 12*2 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 cent per annum on the stock, increased to $14,000,000. There is
also a reserved stock of $6,000,000 in trust to he issued if a cable is laid
between Brazil and tlie United States.
(V. 34, p. 548,662; V. 35 p.
373.)
American Coal —There are mortgage bonds for $200,000. No annual
report lias recently been published. The annual report for 188U gave
the following information:
Total assets December 31, 1880—Lands and real estate at mines,
$1,542,365; real estate at Jersey City, $100,710; mine improvements,
$15,019; cash. $35,111; 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 boats,
$17,000; value of coal on hand, $24,712; office furniture, $513; Chesa¬
peake k Ohio Canal bonds, $8,000; C. & I\ Railroad stock. $1,000; G. C.
& C. Kailroad stock, $160,000; total, $2,069,377. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben-
Iamin Williamson, RichardP.S.Lloyd, President; J. Boothe, A. J. Secre¬
)avid Stewart. Gardiner
Grant, William George Sherman, Akin.
tary aud Treasurer.
(V. 32, p. 287.)
American District Telegraph.—Ho information has been furnished by
this company. On Feb. 16 notice was given of an increase in stock to
$3,000,000, the par of shares to be raised to $ LOO. (V. 34, p. 203, 230,459,
573; V. 35, p. 455.)
Boston Land.—'The capital stock of 80,000 shares of the par value
of $10 each, or $800,000. Assets of the company Jan. 1, 1882 : cash,
$139,327; land in East Boston and Reveic, about 700 acres, unincum¬
bered, estimated at $1,829,520. An abstract of the annual report in V.
32, p. 92, refers to the financial policy. (V. 32, p. 92; V. 34, p. 175.)
Boston Water Power.—The shares have strictly no par value. There
85,833 shares called “ propr ietary” shares, or the number into which
the property of the company is divided. The assets consist of lands on
*nd near “Back Bay,” in Boston, put in the company’s
report at a valua¬
tion of $4,487,376. Annual report, with statement of finaneial condi¬
tion, &e., in V. 34, p. 488. (V. 32, p. 182; Y. 33, p.23,99; V. 34, p. 488.)
we
Canton Improvement —The annual report for the year ending May 31,
1882, is in V. 3o, p. 130. A brief history of the company was in V. 30,
p. 117. The company owned the stock of the Union RR. Co. and guar¬
anteed its bonds, but sold this stock
($600,000) to the Northern Central
""•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. 110.)
Central New Jersey Land Improvement.—The statement for two years
ending December 31,1881, showed total receipts in 1880 of $72,666
1881 of
$94,255.
The balance sheet December 31,1881, gave
Hi Rowing values of lands owned: Newark lauds, $375,738 ; Bergen,
£575,8*i0; Elizabeth, $164,950; Westfield, $26,307; Fanwood, $478,408;
»ld, $339,456; Dunellen, $346,148; Somerville, $77,861; Clinton,
H/780; Bloomsbury, $26,345; Phillipsburg, $1,0*8 ; total, $2,416,935.
•Bonds and
mortgages, $33,890; land contracts, $12,282.
Colorado Coal £ Iron.—This company, with headquarters at Colorado
opnngs, Col, was a consolidation Dec. 13, 1879, of the Central Colorado
rv^roIement Co., the Colorado Coal & Steel Works, and the Southern
fira/i o ^oal <fc Iron Co.
The company is controlled by Denver & Rio
lain were
e ^aill‘°ad parties. Stock is non-assessable. Gross receipts in
1881
$1,551,940;
p.
187.
OjwoKdolion
Goal.—The annual report for 1881 was published in the
Tho2?ICLE’ v:
P* 290, and contained the following:
e gross
receipts from mines, railroads, rents,
1881.
1880.
T(vfCn
g v.alue °f et’ckof coal on hand) were. $2,265,639 $2,417,794
wf?e,n steel
8 every kind (excl. of int. & sink, fd.,
atincl.
rails & all extraordinTy outlays)
1,771,515 1,982,458
Net?^eceiPts
X?
A
«smk.fd.
alsr,
ttt?*
onion
the
-
after ded’et’g int. on bond, debt for ’80
belonging to’80, am’nt’g to $218,414
mortgage bonds
$494,123
275,708
$435,335
n!!°na* Ocean Telegraph Co.—The Western Union Co. owns
years't* al)°ve stock and operates the line by contract for 99
110111 *mn1, 1882, paying 6 per cent per year on stock.
owned
Co.—Property consist*
StJ
of
was
seven
451,609
iron
acres
steamboats.
;k, $2,000,000.
Mariposa Land <£• Mining.—An assessment of $5 per share was due
March, 9, 1882, and a 30 per cent stock dividend was made on stock
which paid the asse°sment.
(V. 34, p. 291.)
Maryland Union Coal.—Stock placed
1880.
See statement V. 30, p. 466.
on N. Y. Stock Exchange, April.
President, John White, New York;
Mutual Union Telegraph.—Organized under New York State laws.
In
1881 lines were extended to Western cities via Buftaio, Pittsburg, Louis¬
ville, Ac., Ac., but in March, 18'2, 51,000 shares of stock were pur¬
chased by Jay Gould and others in the Western Union interest, and
afterwards 40,000 shares were transferred to Western Union Co. State¬
ment of property, earnings, Ac., in V. 35, p. 22.
(V. 33 p. 201, 255, 622;
V. 34. p. 205, 23 L, 292, 336, 366, 604, 637; V. 35, p.
£2, 189, 393.)
4
New Central Coal
(Mil.).—1The annual report for 1881 had the follow¬
ing statement of profits for 1881;
STATEMENT OF PROFITS POIt
1881.
Dec. 31.—Balance to credit of coal account
Dec. 31.—Coal on hand, at cost
Less freight and taxes due
1881.
$55,517
8,887—
Deduct amount paid for railroad aud canal freights and
tolls, mining, office aud shipping expenses, salaries and
interest
$1,189,717
46,630
$1,236,347
$1,157,499
Net earnings for the year
-(V. 32, p. 312; Y. 34, p. 314.
$78,843
New York <£ Straitsville Coal <& Iron.—Has $300,000 bonds.
admitted to New York Board April, 1880. '
The stock
New York <6 Texas Land—This company owns the lands granted to the
International and Houston & Great Northern railroads, about 5,000,000
which were given in settlement to the holders of convertible and
second mortgage bonds. Each holder of a $1,000 second mortgage or
convertible bond and unpaid coupons, or purchasing committee certio¬
acres,
rates, of the International and Houston & Great Northern railroad
receives
$300 stock and $1,200 laud scrip of this Company.
Northwestern Telegraph.—This company owns 8,000 miles of wire and
is leased to Western Union for 99 years, with guaranteed dividends of
4 per cent at first, rising one-eighth per cent a year to 6 in 1897 and
afterward. The bond interest is guaranteed. (V. 33, p. 358.)
Pacific Mail Steamship—In February, 1880, an agreement wag
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 $95,000 per month, and six months’ notice is
required to terminate the agreement. On April 30, 1882, the com¬
pany’s liabilities were $1,684,647, which included $1,293,207 loans due
to Panama RR. Co., and $116,320 unpaid hills in New York and San
Francisco. Report for 1881-82, in V. 34, p. 635.
The following is a statement of the earnings and expenses for the
years ending April 30, 1880,1881 and 1882:
EARNINGS.
1879-80.
Atlantic Line
Panama Line
Victoria Line
Trans-Pacific Line
Australian Line
Austral’u&N. Zea’ld subsidies..
Cent. Am. A Mexican subsidies..
British Columbia subsidy
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
Miscellaneous
are
$1
Steamboat
215,419 Exchange—
held to retire old bonds. Guarantees
^e Cumberland & Pennsylvania, and assumes $135,000 ol
Mining Company’s bonds. (V. 32, p. 287; V. 34, p. 290.)
-
Iron
laud
Bonds and stock listed in June, 1882.
net, $40J,154, not including land sales.
PQiJeport was iu the Chronicle, V. 34,
Palmer. (V. 32,p. 366; V. 34, p.
487.)
The
President, W. J.
Iowa Railroad Land.—The total
March 31, 1880. (V. 35, p. 78.)
Total
Expenses
Net
earnings
$60 -,915
1,531,677
201,978
930,657
321,215
176,411
118.366
38,000
6,500
1880-81.
1881-82.
$745,344
1,950,507
80,887
973,472
$693,065
307,073
203,550
99,416
4,222
1,675,777
1,058,370
334,870
208,931
90,463
29,094
3,000
12,897
18,2,5
8,000
13,663
37,698
2,605
4.050
3,870
$3,969,882
3,519,821
$1,402,647
3,172,705
$4,124,713
3,223,036
$450,061
$1,229,942
$901,677
12,464
—(V. 32. p. 265, 575,613; Y. 33, p. 102, 256, 528,561,642; Y. 34, p
178, 625, 635.)
.
MISCELLANEOUS STOCKS
Subscribers will
confer a great favor
headings, Ac., see notes on first
page of tables.
explanation of column
For
Immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.
by giving
DESCRIPTION.
Size, or
Date
Amount
Where
Rate per; Wkeu
Par
of
Outstanding
Cent.
iPayal.de
Value.
Bonds
ioo
50
100
5,000,000
I
12,574,100
;
1,000
445,000
1,000
1,000
820.000
Steamship—Stock
Palace Car—Stock
3d series
4th series
debenture
sterling debenture,
convertible till April, 1881
Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative
Railroad Equipment Co.—Stock
Coupon bonds. (See remarks below.)
St. Louis Bridge <f- Tunnel JtlC—Bridge stock, common
let preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking
-
fund
Spring Mountain Coal—Stock, guar.
Sterling Iron & Railway.—Stock
Mortgage bonds, series **A ”.
‘
Mortgage bonds
United States
..
50
50
1.000
500 Ac.
1804
1880
1870
series “B”
10
Express—Stock
ioo
v-
United States Rolling Slock—Stock
Termont Marble Co.—Stock
] oo Ac.
1880
Sinking fund bonds, gold
Wells, Fargo & Company Express—Stock
Western Union Telegraph—Stock
ioo
ioo
.*
Real estate bonds, gold, sinking fund
Bonds, coup, or rcg., couv. till May, ’Bo,
sink. Id. 1 p. ct.
(sinking fund 1 p. ct. per annum)
1,000
illOOAc
paid.
offered to
Pennsylvania Coal.—Liabilities at a minimum, and 12 p. c, divs.
Pullman Palace Car.—For extension of works stock was issued at
par to stockholders in 1881, and $2,523,(500 more was
stockholders of record on Feb. 18, 1882, making total stock as above
when all issued. Annual report V. 35, p. 319. The income account for
three years was us
follows:
1879-80.
$
Revenue—
1880-81.
$
18S1-S2.
$
1870-53942.
Jrn'y 1, 1882
1,
19(g
feept., 1868
Nov.l, 1882
g°.v- 15, 1882
1* 1887
A M,
Aug; 15, 1892
Oct. 15, 1888
April 1,1885
Aug. 17, 1881
Aug. 17,1881
(?)
3 iiios. to 5
yr.s.
Drexei,
A. A (-).
July "lV 1882
J;*u. 1,1882
1881
Oct.,
N.Y., West. Union Tel.
A D. N. Y.,
J.
July 1, 1884
Al>ril 1, 1928
Company’s Ofiiee
June
10,1882
i
!
Feb.
;
Q.-F.
jM. A S.
:J.
April 1, 1894
Oct, 1,1896
Jan.
Nov.
London.
New York, Office.
New YTork and London.
A D.
i,
1891
15,1882
(?)
Oee! lV 1*910
New York,
New York, Office.
New Yr(H‘k, Office.
July 15,1882
Oct. 16, 1882
J!m. a n. N. Y\, Union Trust Co. May, 1902
Q-J.
iM. A N. N. Yr., Treasurer’s Office May, 1900
g. 'M. A 8. Loudon, Morton, R.A Co:March 1,1909
J.
1,373,000
3,920,000
941,382
April *ij *1*893
New York,
do
j A.‘A O.
80,000,000
1.000
1872
1875
1875
dividend.
M. A Co.
A J. N. Y.,
do
•
do
A J.
A. A O. New York and London
J. A J. N. Y., Drexei, M. A Co.
,T.
J.
1 Q
7,000,000
5,000,000
3,000,000
1,200,000
(5,250,000
ioo
Stocks—1,^
lii*Broadway.
N, Y'., Clark, Post
do
do
Quar’ly
00,000
418,000
495,575
18,920,000
000,000
'
do
do
i Q.-F.
2,300,000
1,000
1871)
4,291,300
500,000
CO
948,000
1.500,000
25
(for $2,000,000)
Sterling bonds, coupon
1,000
stock....
7 per ct. by L. V
I
I
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
loo
100
100
Y.,West. Un. Tel. Co.
."■
tnil,W hen Due
N. Y.f
N. Y., Farm L. A T. Co.
do 1
do
'
do
do
Q.-F.
do
do
A. A O.
A. A O. Loud’n, J.S.Morgan ACo
F. A A.
F. A A
49.500
1,000
Var’s.
J.
Payable, aud by
Whom.
Q -F-
5,708,700
r
J. N.
Tables. Lriuci-
Q.-F.
i Q.-F.
941,000
£100
100
100
100
..
1871)
Tunnel P R. of St. Louis, stock, guar
Southern <£• Atlantic Telegraph—Guaranteed
Mortgage bonds, income,
Plain income bonds
Sutro Tunnel—Stock
1872
1872
1878
1875
A
J.
1,180,000
20,000,000
'
Pennsylvania Coal—Stock
Pullman
Bonds,
Bonds,
Bonds,
Bonds,
!j. A
$2,500,000
$50
Northwestern Telegraph—S( ock
Bonds, interest guaranteed
Pacific Mail
[VOL. XXXV.
AND BONDS.
0
A
J.
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 per cent to stockholders of record Juno 20, 1879. On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to 780,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 00 per cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock distribution of 3314
per cent to Western Union shareholders, A11 injunction was obtained
2,051,300 2,355,267 2,815,986 against tlie stock distribution and litigation ensued, but the stock
included)..
582,231 dividend was permitted.
481,573
527,903
(See V. 32, p. 124, Ae.)
Proportion of earnings other assoc’ns.
339,321
145,547
14,022
I11 March, 1882. Jay Gould and associates obtained a majority of the
Patent royalties and mauuf. profits...
13,109
Mutual Union Telegraph stock of $10,0u0.000, and so stopped itsoppo
42,213
Profit and loss
sition. The Western Union also leased the American Cable, with a guar¬
2,635,468 2,995,496 3,737,538 antee of 0 per cent per annum on its $10,009,009 stock, raised to
Total revenue
Earnings (leased lines
Disbursements—
768,310
175,499
917,308
207,156
132,600
148,427
261.000
169,043
Operat’g expenses (leased lines
Maintenance of upholstery, Ac
636,777
Rental of leased lines
264,000
264,000
168,979
472,876
191,867
incl’d)
i
Prop’ll of expenses, Ae., other assoc’ns
Coupon interest on
bonds
Dividends on capital
Profit and loss
stock
139,134
179,136
482,166
870,937
20,995
1,800,902 2,014,442 2,597,86(3
774,500
981,054 1,139,072
rebuilding, Ac.
33,623
128,130
Total disbursements
Net result
Balance of account
for
Balance of surplus
for the year
Paid 1*2 per cent extra dividend Oct.
—(V. 32, p. 44, 330. 39(3, 579; V. 33, p.
V. 35, p. 298, 319.)
paid off July, 1879. The preferred stock
is entitled to 7 p. ct. per annum, not cumulative, and any surplus goes
to the common and preferred equally. (V. 32, p. 330; V. *33, p. 178.)
Railroad Equipment Co.—This company leases equipment to railroads
on the “Car Trust” plan, advancing cash for the
rolling stock and tak¬
ing obligations of the railroad companies running trom 3 to 60 months,
which cover the princfpal 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 tlie title is held in trust by the
Fidelity Trust A Safe Deposit Co. in Philadelphia, trustee for bond¬
holders.
railroad and tunnel were
under the
made Dec. 20, 1878.
leased to the Mo.
Railroad
St. Louis Bridge & Tunnel Railroad.—The
sold under the mortgage of 1873, July 1,1878. Foreclosure
first and second mortgages on the bridge was
On Jniy 1, 1881, the bridge and Tunnel
were
Pacific and Wabash St. Louis A Pacific for the term of
their cor¬
Of the stock $2,490,000 is 1st preferred,
which
guaranteed 5 per cent till January, 18 85, and then 6 per cent;
$3,000,000 2d preferred, which is guaranteed 3 per cent per annum,
the
first semi-annual payment being July 1, 1884; and $2,500,-
is
(partly estimated), was as
Net profits
Deduct interest on
follows.
the quarter ending Oct. 1, 1882,
$2,250,000
20,000— 126,850
$100,850
bonded debt
Sinking funds
$2,123,150
1,199,770
Net income for quarter
Deduct dividend for quarter
$923,380
1,664,240
Surplus Oct. 1, 1882
$2,587,620
740,943
981,054 1,011,530
From the annual report published in the Chronicle, V. 35, p.
1, 1882.
405, the following was given for the fiscal year ending June 30,1882.
302; V. 34, p. 20, 02, 115, 147 ; The revenues, expenses and profits were as follows:
Quicksilver Mining.—Bonds
porate charters.
$14,000,000.
The last quarterly statement for
The common stock was held by the London Reorgani¬
zation Committee., ami 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. 32, p. 059 ; V. 33.
p. 22, 125, 224: V. 34. p. 80.)
000 common.
Surplus for quarter
Add surplus of July 1, 18 82
1881-82.
From which there was applied:
For dividends
For interest on bonds
For sinking fund appropriations..
9,996,095
8,420,165
$0,043,896
$3,732,633
40,097
taxes)
$14,404,001
$1,798,473
leased line rentals and
14,000,800
$7,245,328
Expenses (including
30.
$403,255
$17,241,423
Surplus at beginning of year
Gross revenues of the years end’g June
1880-81.
$$127,258
17,114,165
40,005
427,091
$5,265,662
$1,979,666
Leaving
Const’ll new lines A
315,425
wires, teleg. stocks, Ac.
$1,664,241
Balance
In 1881-32 the amount ($315,425) charged for new lines,
the first quarter only, but in the previous year,
for new lines, Ac were charged during the whole year
427,455
lilt
$127,260
Ac., was tor
1880-81, the expenses
against net com¬
ings, and amounted, as shown above, to $1,716,542; if the same ain^aut
had been charged in 1881-82, the balance for the year as above given
would appear as $1,401,117 less, or $263,124.
This balance, together with the balances of previous years, is rep¬
,
of the company, for sixteen
consolidation—July 1, 1866. ioe
general exhibit of the company showed the nominal surplus to JuneJU.
1882, of $18,508,974, out of which the stock dividend was declared in
Sterling Iron, d Railway.—The property of this company, in Rockland 1881 to the amount of $15,520,590, leaving a nominal balance 01
and Orange Counties, N. Y\, consists of 25,000 acres of land, with fur¬
$2,982,384, which may ge on us the nucleus for another stock Uiviuenu.
Ac., having a capacity of 15.000 tons of pig iron per your nr 1
Spring Mountain Coal Co.—Tliis
1885 by Lehigh Valley Railroad.
is guaranteed 7 per cent per year till
naces,
8^ miles of railroad, houses, Ac. The company endorses the $471,074
bonds of the Sterling Mountain ltR. A. W. Humphreys, President. 42
Pine Street, N. Y.
Tunnel.—Tunnel on Comstock Lode for facilitating mining oper
New management elected March, 1880.
Annual report pub¬
lished in Chronicle of April 24, 1880. See V. 30, p. 249; V. 34, p. 452.
Sutro
ations.
United States
Express.—No reports.
United States Rolling Slock Co.—The assets, Dec. 31, 1881, amounted
to $4,058,470 in locomotives and cars, and total including shops, Ac.,
The net income in 1881 was
$0,635*496.
$329,771 over all charges.
sold in 1880 $054,049 worth of
The statement to the N. Y.'Stock Ex¬
Vermont Marble Co —Tliis company
marble at
a
cost of $499,977.
change, March. 1881. said that the company’s property consisted of
800 aricsoi land, comprising seven quarries, located at West Rut¬
land, at Centre Rutland and at Sutherland Falls, Vt.; valuable water
powers and extensive mills, many large and expensive buildings,
8 ome
together with all the machinery, Ac., necessary to perfect their exten¬
sive works. (V. 32, p. 335.)
Wells, Fargo & Company Express.—An increase in capital to $6,250 ’
000 was made in 1871^.
<
Western Union Telegraph—On the practical consolidation with the
Atlantic A Pacific in 1878 the Western Union had a monopoly of tele*
resented in the profits and disbursements
years, from the date of the general
The following
statement shows the mileage
ofiices, ami traffic of the company,
to June 30. 1882 :
Miles of Miles of No. of
1800-07
1807-68
1868-09
1809-70
.
..
..
..
..
..
..
..
..
..
..
..
..
Sent.
Offices,
37,380
75,686
40,270
85,291
97,594
104,584
112,191
121,151
137.190
154,472
175,735
2,250
2,565
3,219
3,607
5,879.282
0,404,595
3,972
9,157,040
10,040,077
50,183
52,099
54,109
50,032
62,033
65,757
71,585
72,833
81,002
82,987
85,645
173.190
4,600
5,237
5,740
6.188
0,505
233,534 9,077
327,171 10,737
£7,171
sages
7,934.933
12,444,499
14,456,832
10,329,256
17,153,710
25,070,106
29,215,509
32,500,000
110,340
37
'4,368 12,068 38,812,217
1881-82..131.060
5,
—(V. 33. p. 282, 305 411 ; V. 34, p. 292, 336,
35, p. 189, 310, 339, 393, 421, 427.)
number w
June 30,18oo,
Net
No. of Mes-
Wire.
lane.
Years.
1805-60
of linesand wires,
for each year from
Receipts.
$
Receipt
1,624,919
6,568,920
7,004,560 2.641,710
7,316,918 2,748.801
7,138,737 2,227,96a
7,037,448
8,457,01)0
9,333,018
9,202,053
2,032,661
2,/9U,~B
2,757,962
2,506,920
oioOli574 3,229,10-
10.960.640 4.800,^
12,782,894 5,833.9^
14,393,543 5’??8 070
17,114,l6o 7,118.9
366, 399,575, 688.
!
c Capital.
Mkd. tlms(') Pat Amount.
are uot Natl.
j dates.t
Bowery
Broadway
-.
Butch’s’&Dr
Central
Chase
-
Chatham....
Chemical
Citizens’....
Period.
J.
N.
J.
J.
J.
J.
J.
J.
7
7
10
10
3,790,800 Bi-m’ly.
100
212,200
014,100
222,900
215,500
J.
J.
J.
J.
081
Germ’iiAm.*
100
0*2
7 hi
Germania*..
Greenwich*.
25
125,000
200,000
Leather Mfr.
Lincoln
Madis’n 8q*{
Manhattan *
Marine
G
—
Market
Mechanics’
.
Mech. & Tr.
Mercantile..
Merchants’.
Mcrch. Ex..
Metropolis *.
Metropolit’n
i
Mt. Morris*.
July,’82. 5
July .*82.10
July,’82. 4
July,’82. 4
July,’82. 4
July,’82. 5
Nov.,’82.15
July,’82. 3*2
Nov.,’82. 5
July,’82. 4
July,’82. 3*2
Aug.,’82. 5
July,’82. 312
July,’70. 3
Broadway...
Brooklyn (!).
Citizens’
Clinton
Commercial.
Continental t
Eagle
Empire City.
Exchange...
Farragut....
Firemen’s
Firemen’s Tr.
Franklin* E.
German Am.
Germania..
Globe
Greenwich
Guardian....
Hamilton
Hanover
Home
Howard
0
7
14
8
9
July,’82. 7
10
100
100
50
50
25
100
15
50
100
50
Import. & Tr. 50
100
Irving
Jefferson. ..t 30
July,’82. 4
Kings Co.(l)
July,’82. 5
Knick’bock’r
July,’82. 3
.
..
353,100 J.
1,170,300 J.
47,500
& J.
& J.
....
24 2,300 J.
758,100 J.
200,500 J.
121,100 J.
1,502,300 J.
7
8
8
8
7“
7
8
8
....
&
&
&
J.
J.
J.
J.
J.
&
8,200
95,100 J.
&
110.200 M. &
851,800 J. &
53,300 J. A
97,500 F. &
191,300 J. &
201,400 J. &
07,000 J. &
224.500 J. &
.
....
3
7
0
7
10
7
0
7
10
J.
N.
J.
J.
A.
J.
J.
J.
J.
; 100 1,000,000
Nassau*
New York
i 100 2,000,000
N. Y. County, 100
200,000
N. Y.N. Ex. 100
300,000
Ninth
100
750,000
N. America* 70
700,000
North Riv’r* 30
240,000
Oriental*... 25
300,000
50
243,900 Q.-F.
Pacific *....
422,700
100 2,000,000 1,200,900 J. & J.
Park
200,000
127,100 J. & J.
People’s*... 25
Phenix
20 1,000,000
259,300 J. & J.
Produce*... 50
1,200
125,000
Republic.... 100 1,500,000 794,000 F. & A.
St. Nicholas. 100
500,000
223,000 J. & J.
Seventh W’d 100
74,700 J. & J.
300,000
142,800 J. & J.
Second
100
300,000
Shoe & L’thr 100
198,200 J. & J.
500,000
Sixth
100
47,000 J. & J.
200,000
State of N.Y. 100
450,700 M. & N.
800,000
Third
100 1,000,000
344,700 J. & J.
Tradesmen’s 40 1,000,000
312,800 J. & J.
Union
50 1,200,000
821,700 M. & N.
U. States
100
122,400
500,000
Wall Street. 50
95,500 J. & J.
500,000
West Side*.. 100
131,000 J. & J.
200,000
Aug.,’82. 3
May,’82.
May,’82.
May,’82.
July,’82.
....
8
3
3
312
0
0
8
8
7
7
6
7
8
10
8
7
0
12
0
8
8
7
0
3
7
8
10
7
7
3
.
....
......
.
8
8
7
6
15
8
6
7
7
8
6*2
6
10
8
6
7
7
7
10
10
Aug.,’82.
July,’82.
July,’82.
July,’82.
July,’82.
July,’82.
July,’82.
July,’82.
July,’82.
Montauk(J)..
Nassau(J)....
July,’82. 5
National....
N.Y. Eq’tuble
July, ’82.
May,’82.
July,’82.
July,’82.
N.Y. Fire....
3
3
4
4
3^
3bj
3
4
5
2hi
4
5
3
3^
4
Aug.,’82.
July,’82.
Niagara
North River.
Pacific
Park
Peter
Cooper
People’s
July,’82.
July,’82.
July,’82.
Nov.,’82.
July, ’82.
July, ’82.
July,’82.
July,’74.
Aug.,’82.
July,’82. 3^2
Jan., ’82. 3
July,’82. 5
July,’82. 4
July,’82. 3
Nov.,’82. 4
July,’82. Shi
July, *82. 3*2
Nov.,’82. 5
Pheiiixd)....
Rutgers’
Standard
Star
Sterling
Stuyvesaut..
Tradesmen’s
Unit’d States
Westchester.
W’msbg C.(t)
*
MONTHLY
Jan.
(295 m.).,
(295 m.).
Topeka «fc Santa Fe—
(883 to 1,107 m.).
(1,187 to 1,540 m.).
(1,540 to 1,789 m.).
1882.
(1,789 to 1,820 m.).
BarlniKton Cedar Rap. tfc No.—
18^
(435 m.).
1881
(492 to 504 m.).
(50 4 to 539 in.).
(620 to 059 in.).
1879.
(2,178 to 2,381m.).
(2,301 to 2,580 m.).
1880
{881;
(2,580 to 2,771 in.).
18821-
...........
Chesapeake
e
•
(2,802
to
& Olno-
3,101 :u.).
{879
{$?
•
117,332
184,316
107,750
97,277
111,924
105,171
124,510
188,325
148,551
252,823
225,030
224,107
1,039,100 1,050,691
1.200,014 1,070,487
1,002,907 1,454,218
1,839,409 1,720,075
100,132
141,052
184,030
178,394
umor.j
}£9
lKs.)
i•• w
228,479
207,454
(078 to 840 m.).
343,737
524,054
307,631
327,370
l”!9P
(220 to 230 in,).
C187ol”° Milwaukee’*:
(1,729
to 2,250 in.).
IfS,
(2,250 to 3,7.5 m.).
iSi;
to 3,951 in.).
C'ii^1;;;:vvr
G.m to 4,333 m.>.
i^°& Northwestern—
(2,151 to 2,203 m.).
1^1
to 2,704 m.).
(2,773 to 3 018
6
-
*
m.).
100
Approximate figures,
*:7 l
,M
\
132,172
222,702
200,000
200,000
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
300,000
250,000
300,000
250,000
195,757
84,077
88,575
105,201
13,489
104,303
18,591
193,540
105,749
10,153
July, ’82.
(Ha
12 L>
IO
10
10
10
7
10
20
20
<r>
14
Aug.,’82. 3hi
July,’82. 6
July,’82. 2 hi
10
11
12
July,’82.
July ,’82.
July,’82.
July,’82.
July, ’82.
July,’82.
July,’82.
July,’82.
July,’82.
July, ’82.
Jan.,’82.
July,’82.
July, ’81.
10
10
30
0
12L2
10
10
10
10
10
10
20
Sept',’82.
none. none.
10
10
10
10
13
5
12
10
20
20
10
s
none.
12
10
12
14
12
10
14
10
July,^82.
July, ’82.
Jail., ’82.
July, ’82.
Jan., ’82.
July, ’82.
Jan., ’82.
10
71.100 12
12
8
20
12
20
12
502.988 10
172,453 20
151,409 9-73
18,300 12
28,044 8^3
143,498 10
50.442 10
232.778 11
171,413 10
439,971 20
10
10
14
10
10
10
78,308 10
102,593 20
81,181 10
320,850 15
10
10
13
14
8
20
12
July, ’82/
July,’82.
July,’82.
July,’82.
Aug.,’8 2.
July, ’82.
Apr.,’82.
July, ’82.
July, ’82.
20
July,’82.
8
20
12
18
11
10
10
10
14
July,’82.
July,’82.
20
July,’82.
12-46 12-46 July, ’82.
10
9
July, ’81.
none. Aug.,’80.
7
10
10
July, ’82.
10
10
July, ’81.
10
10
July, ’82.
10
10
Aug.,’82.
20
5
0
6
5
5
7hi
3
5
5
5
5
3
5
5
July, ’82.10
Jan., ’79. 5
July, ’82.
July, ’82.
8
K)
10
IO
14
144,032 13
002,530
95,142
370,519
100,793
200,051
100,145
5
Aug.,’82. 5
July, ’c2. 5
8L2
4
10
11
10
12
10
30
1,804
289,119 10
5
5
3
3
5
5
5
3
5
5
7
5
5
5
7
4
8
6
6
5
5
7
3hi
4
5
5
5
5
July,’82.10
20.
including re-insurance, capital and scrip,
scrip.
(J) Brooklyn.
-
RAILROADS.
Aug.
Sept.
*
62,541
08,187
70,704
73,794
Oct.
I
$
i
Nov.
07,503;
*
01,155
80,809
78,242
Doc.
'
*
<
61,009
80,912
Total.
$
043,921
789,785
77,793
116,950
110,179
149,504
105,630
153,373
205,912
107,990
143,432
174.351
178,824
199,443
252,235
257,039
148,457
214,255
241,135
271,331
173,383
238,230
*
019,484 0,381,443
004,512;
903,728
847,215 8,550,975
1,303,385 1,458,752 12,534,508
122,827
15-4,795
171,524
100.160
209,112
221,920
179.804
204,991
189.:*30
193,419
1,531,949
2,053,482
221,801
201,439
221,748
202,1.30
232,812
2,259,037
1,556,457 1,049,429 1,809,022
1,973.438 1,904.997 2.120,229
2,088.519 2,185,303 2,507,857
215,695
259,110
60.3031
00,939
05,331
,83,039
117,119
121.037
131.0 70
124,024
138,230
120,281
111,390
117,290;
143,L3
2,297,971
2,225,179 24.094,101
148,07
24 7,144
233,396
240,79
235,585
601,10L
202,358
542,901
67.025
88,278
33.2 55
1,335,870 17,153,101
1,900,222 20,508,118
1&3,320
211,820
583,832
628,811
008,163
701.120
707,319
785,199
700,751
774,790
*881,109
771,844
*800,624
903 323'1,315,559 1,484,310; 1,709,032
1,105,09 ; 982.377 1,071,738 1,013,755 1,171.303 1,100.908
t .432.740,1.411,870 1,732.51.8 i. 430.80 4 1,900,0-'?: 1,08 i.950 1.773 013 1,334.321 1,802.28511,931,703
l.sss; .- 2.;7.:.-M)|2,202,981 2,031,001
!,:<■>? Uis'
5.S2' 1,413.1 10 1.5n,:’•?’. 1,07», 4 <0 2,'» < ‘.8
63.107
72.103
125.450
1,483,142
203,502
1,930,539
2,074,308
2,700,702
553,014
5,755,076
543,723
7,687,220
040,812
7,557,740
179,161
218,009
381,454 *305,005
335,393
1,53J,333j 1,505,202 1,437,101
173,201
2.199,406
234.092
247.303
310,787
5^5,8301 517,897| 538,703
1,058,331 1,457,300 1,500,21?
147,785
2,277,000 2,474,000
225.096
530,843
421,937 447,791
708.900
610,128 617,524
670.205
543.5551 635,8 50
529,915 553,190
*501,7371 *553,4121 *013,836 *671,5371
497,0131 020,473
499,1201 474,318
149,533
(152 m.).
200,010
150,000
210,000
150,000
300,000
300,000
200,000
250,000
200,030
250,000
10
July. _>2. 5
13-77! 14*35 July, ’82.7-35
15
115
Apr., ’82. 7hi
7
July,’82. 3 hi
j 7
30,005 10
-
5),9 32
2ll,257j 193,275
215,445
& Eastern Illinois—
200,000
200,000
01,041
1,443,083 1,458,833
1,724,950 1,840.007
2,159,332' 1,899,346
2,229,105 2,079,048
179,053
(l,S,7to 4,772 Ml.).
(2,?;: to 2,..;2s mj.
1 to 3,13 4 in.).
40,917
145,704
54,490
1,280,272 1,400,000 1,579,591
1,373,4381 1,350,710 1,778,488
1,709,038 1,872,370,2,091,lit
1,909,737 2,054,687 2,342,298
184,339
Burlington
10
12
51,735
199,278
102,540
203,740
(840 in.).
Quincy-
10
15
53,055
09,119
119,231
45,404
11
10
13-05
15
10
10
15
8b>
11
7
5
July,’82.10
Aug .,’82. 7
•July, ’82.10
♦
162,011
221.559
227,313
:;••••,
110
10
10
10
309,107
508,608 540,182 603,582 410,808 469,450 516,765 593,311 704,890
932,122
800,730
074,229
054,090 090,900 077.803 747,012 057,5315
481,103
478,331
902,303 9 43,479 1,040.125 1,19:,550 1,000.033 1,000.040 1,155.809 1,293,023
743,203 538,481
*
1302535
1087009 ■1221945
1,070,790 1,055,909 1,203,073 1,104,335 *1153311 *1147009
102,077
198,031
in.).
20
10
10
10
471,557 20
107,963 10
314,732
83,007
202,335
to 840 in.).
(20
53,701
54,853
(437 m.).
(504 to 517 m.).
lo-S!1'0 & Alton—
20
47,525
57,005
02,499
03,835
July.’82.
1,000,000 1,388,440 10
735,540 14
1,000,000
200,000
121,458 10
200,000
300,397 30
200,000
10,279 7
150,000
115,924 12L>
700,409 20
1,000,000
3,000,000 1,601,572 10
87,804 5
500,000
$
$
58,293
03,540
(437 m.).
••••••
July.
June.
40,821
60,732
58,509
00,575
May.
44,145
52,307
45,344
51,227,
PRINCIPAL
%
*
47,829
55,401
July, ’82. 5
10
20
jgp3 The following companies have been omit toll from the above
OF
MarchJ April.
%T
Alabama Great Southern—
1882..........
Central Pacific-
Feb.
10
10
10
10
table, viz.: Columbia, Hoffman, Lamar, Lenox, New York City, Relief
and Republic. These companies, with the exception of the Relief, dis¬
continued business in 1881 and are now in liquidation. The Relief has
retired from business since January, 1882.
10
EARNINGS
10‘
425,000 20
334,417 L8
207,112 20
200,000
200,010
200,000
204,000
150,000
200,000
Over all liabilities,
t Surplus includes
5*2 Nov.,’81. 2hz
Jan., ’81,10
5*2
12
.
..
37 hi
35
100
50
25
25
100
20
50
50
25
50
100
100
25
25
25
10
50
Last Paid.
70.219 10
133,390
90,075
1,000,000 1,425,339
002,109
300,000
50
50
50
50
..
t Figures are of date Oct. 3, 1882, for National banks and Sept. 30,
1882, for the State banks.
X Opened May 1,1882.
{£™
$
153,000
300,000
210,000
250,000
200,000
50
25
100
100
25
50
Merchants’..
1879. 1880. 1881.
548,041 Kris
400,000
200,000
300,000
200,000
20
40
50
Lori Hard
Man.& Build.
Manhattan..
Mecli.&Trad.
Meeh’nics’ (|)
Mercantile
4
4
4
4
3
3
312
3
312
...
.18^2
Atchison
.
Lafayette (J)
1,071,100 F. & A.
131,000 J. & J.
..
1882.*
Amount.
17
...
Long Isl.(t) .t
100,000
}gj
t
...
City
..
0
8
0
0
7
14
8
10
25
25
17
20
70
100
50
100
40
100
30
50
Bowery
8,000
100,000
Murr’y Hill* 100
Nov.,’82. 3*2
Oct., ’82.10
7*2 July,’32. 4
7
Nov.,’82. 312
8
Oct.,’82. 5
8
3
5
5
0
J.
American!... 50
Auier. Iixcli. 100
July, ’82. 4
40
7
May.
&
0
30
7
141,200 M. & N.
43,100 M. & N.
472.000 J.
8
100
7
6*2
15
15
8
8
7
7
10
10
7
7
407,000 J. & J.
1,000,000
1,500,000 2,378,400 J. & J.
175,000 J. & J.
50
500,000
000,000
100
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
50 1,000,000
100
300,000
100 3,000,000
8
0
0
Hanover.... 100
Imp. A Trad. 100
Irving
7
0
195,300 J.
200,000
200,000
7
7
10
10
Dividends.
Surplus,
July 1.
$
&
&
&
&
&
&
&
&
& J.
100 1.000,000 1,837,200 M. <fc N.
City
3,133,700 J. vfe J.
Commerce.. 100 5,000,000
J. & J.
Continental. 100 1,000,000 302,000 F. & A.
Cornfixfib.*. 100 1,000,000 910,200 J. & J.
90,100
25
250,000
East Kiver
31,700 J. & J.
100,000
11th Ward'. 25
51,900 J. & J.
150,000
100
Fifth...
100.000
340,200
Fifth Ave*.. 100
100
500,000 3,273,800 q.-j.
First
100 3,200,000 1,209,200 J. & J.
Fourth
383,700 M. & N.
30
000,000
Fulton
933,800 A. & O.
Gallatin .... 50 1,000,000
18,100 J. & J.
200,000
50
Garfield ....
103,400 F. & A.
750,000
75
Germ’n Ex.* 100
Par.
$
100 cc © © © © © 1,037,700 J.
100 5,000,000.1,072,000 M.
250,0001 228,800 J.
100
“2a 1,000,000 1,345,300 J.
300,000
25
100 2,000,000
300,000
100
450,000
25
300,000
100
000,000
25 !
Latest.
1880. 1881.
LIST.
Net
Capital.
Companies.
| at latest
1
America* - Am. Exch. -
Dividends.
Surplus
STOCK
INSURANCE
LIST.
STOCK
BANK
COMPANIES.
lxiii
BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS;
188';
OuT.,
090,77(1
072,380
1,827,079
1.837,800
1.81m,133
1,438,167 14,7 79,715
1,552,018 20,154,494
1,905,490 21,173,455
1,625,000 2,030,858j
63,437
75,3001
00,315
93,-3 i!
141,379
n i.i21
125,139
131,7?7
133,015
159,739
1O7,027|
150,197
82,019
131.904!
150,915
92,975
130,891
88,477
80,025
873,450
13'.597
128,981
1,299,011
151,071
172,777
1,018,800 1,290,740 1,100,245
1,257,078 1,493,621! 1.172,038
1,014.67m 1,59; ,053 1,559,598
1,950,000
1,000,957 10,012,819
1,716,409 1,890,073 1,553,476
839,623 1,107,012 1,128,894 1,433,305 1,393,0.37 1.311,231'1,320.9.1/ 2,020.245 ,2.105,217 1,855.022
1,003,321
1,151.03211,131,033 1,301,725 1,294,573 1,875,008 1.07! .177; 1,099,080 1,707,939 2 292,070
2,019,037
fZfjXA)! 2^11,097,
1,240,007
903,205 1,173.796 1,474,012,1,879,000 2,300,410; 1,983,031
i
1,325,895 10,093,373
1,477.902 19,410,009
1,355,470 21,849,207
632,898 673,439 857,323 708,659 773,173 733,730
900,070 871,041 1,134,745 1,037,958 1,020,709 991,2*37
990.843
910,930 1,259.910 1,5:13,491 1,729,81211,5.51.700. 1.078,30
1,435,000 1,377,000-1,501,000 1,518,000 1,029,009 1,030,00011,105,000,1,515,000
591,170
701,293
J «n
470,607
738.719
-082,718
nunll 17 (.'70'1.072 93'
....
C0-I
71112.110.017 2./H'? FD0 ° OrVI
f August and September estimated.
.
’“2000'75m,* > 10^053
1,307,309 13,030,119
1,854,269 17,025,401
01888811182.
1901778811
02219097878781118.
MONTHLY
Jan.
Chic. St. Paul Mii.u.
*-
209091877788111
18
(212
(212
(544
(544 to 684
1879
1880
1881*
1882*
m.).
Norfolk
33.504
>
47.5U
236,339
88.725
73,990
79,410
1
107.35C
121,370
100,5-8
100,240
113,488
8
4j
140.032
123,57( >
158,754}
108,05c
113.898
115,909!
100,45('
15U12
108,821
9
*1.-1,343
2539,753,'
1953,125
207,147
195,007
253,233 I.997
279,035 2 561 i
194 330;
031,343
98,4211
102,129
159,587!
195,813
188,509
175,113'
137,038
100,900
211,899
105,444
134,0711
200.735
190,812
191,317!
122.874
210,061
170,350
152,091
102.475
150,481
400,921
532,101
013.800
524,499
013.0 18
557.789
492,591
535,732
002,493
097,2 4
080,22-'*
040,014
82,952
89,900
147.013
100.708|
Northern Pacific—
1880
99,810
224,312
201,099
181,009
573,250
575.401! 580,578
724,095
005,120: 081.730
'■(03,887 720,004
073,259
*752,251
*074 749; »e03,740
95,027!
85,733!
100,954|
105,320!
200,0041
199.S40
175,755
200,215!
205,934
182,554
187,398
58.789
88,485
98,401
I
90,H21j
229,944!
240.459!
74.130
94,1*20
92.5*9
100,398
112,071
180,133
87,030
102,005
94.484
390,083
503,883
425,750
055,014
15,595
79.302
430,038
575,035
8**5,124
421,579
012,593
917,*‘59
900.315 1, *'08,834
850,8.2
953,0*3
110 050
19.805
33 251
31.3-2
05.953
25 271
170,058
105.505
80,975
115,014
233.448
215,102
*239, UK
504.229
970.230
8 .’8,721* 1,2 3 7,8m
419,240
772,537
958,130 1,215,490,
.4 41
,805
,270
51 980
58, 020
74, 007
,910
,902
,202
23 742
‘28 01 1
23 100
30 3 40
40, -48
37,772
30,755
75,208
48 0-0)
03, 938
07, 523
1
,
>12*
91.009,
121 ,-551
17,593
102,740)
119,491
110,091
129.249
230,9 If* i
148,107,
103,550
141,957
145,803
134,378
130,517
158,590
139,524
158,8.39
101,431
lO5,047i
144,155
154,549)
119,074
158,034
191,154!
190,800
159,901!
149,903
173,014
213,840
108.302
149,4971 128.51M
155,400
109,4571
207,710
1-3,525
154,155
10!,005!
217,201
179,089
210,913
203,544
183,845
212,019
205,222
294,713
384,982
398,200
404,524
341.824
.330,812
490,332
412,871
478,251
450,335
118.113
334,106
328,869
380,130
504.470
475,743
j
7853.120
815,23)'I,
737,218
050,005! 1,2341*4
373.182! 8.304:814
<03,475 8,580,397
122,400
120,78f
121,345.
92,279
90,021
100,054 1,100.743
104,019 1,223,079
178,949 228,801
275,33(
191,921
*277,295 *308,3253
3
350,835
244.813
254,597
*303,000
218,208 1,775,861
253, *54 1.953,594
•305,859 *2,792,518
170,920
122,732
99,742
111,524
102,503 1,184,158
107,904 1,383,651
097,0353
953,080
081.811 0.007,388
949,185 9,491,344
>
)
>
110.022
!
4
247,932
273,100
141
109,853
124,280
152,190
i
1882*
St. Paul Minu.
817.135
35,395
101,731
49, 092
08, 632
90,8537
|
»
135,550
21 ,308
34 21 1
52. (105
08 ,.-.93
1882*....
Texas Sc Pacific1881*
1882*
..
110,191
30.(Mil
37,995
38,042
40,125
29 797'
48 731
59.93! I
03.990
0 4,0541
1!
73,397
853,012
•
100,1 r
131,021
135.518!
101,253
184,247
! 210,202
1 *100,031
133,590
151,594
157,5305)
107,473
i
150,4301
108,317i
100,991!
*
179.979
109,000
*
309,53
201,714
310,020 2,127.487
287,3:3 2,273,023
25-8,812 2,403,220
254,308,
250,924
202,980
i
185,053
175,990
173,127
174,245
109,958
178,200
172,121
182,0871
152,059:
1,800,877
2,049,-447
2,075,257
!
1,492,495 1,713,097
1,780,417 1,899 910
1,734,200
1,797,3538
1.398,245 10,509,119
1,720.788 19,489,300
215,491
*201,199
210,a50
*242,412
198,108 2 396,302
*237,729 2,809,255
408.479
401,318
477,770
508,825
475,043
134,955
179,947
190,123
222,100
177.342
209,440
221,438
200,308
235,910
240,004
209,046
228,861
203,329 1,749,016
181,740 2,004.194
*190,789 2,258.379
316,710
420.837
404.093
429,505
413,534
512,917
449,004
377,316
459,054
487,100
414,599 4,107,948
494,310 5,050,386
470,622 5,443,090
317,143
340,044
47<i.309
440,099
301.272
308.450
300,042
432.877
415,304
447,279
400,438
430,793
440,907
130,979
131,407
149,003
185,322
102.247
2535,042
29w,578
219,891! 205 050
231,518; 240,820 280,524
“290,000 *308,920 *353,720
1,515,835
*338,490
433,520
500,748
475.204
462,523
404.114
473.301
452,092
453,12-8
4,383.706
5.205,357
481,3 8 5,494,112
403,893
179,972
115,050
204,195
217,613
198,744
253,105
192,521
211.193
270.891
295,275
180,074
210,2.0
247,0 cQ
228,777
53539,2.7
3)8 450
300.822
312,705
010,231
412.024
500,032
*789,700
570,724
475,01-
115,272 2,005,029
2.030,"84
391,280 4,070,224
3,131,991
3,453,925 34,620,277
143,099
174,438
171,793
2.603,008 2,630,022 2,708,695
3,278,180 3,488,300 3,417,910
3, -44,304 i 3,70' >,372 3,856,897
3,912,293; 3,855,850 1,108,877
133,704
704,017
393.252
094,007
210,053:
2,390,810 2,782,900 2,982,718 3.535)0,528 3,518,144
3.221,470 3,449,044 3,723,355 3,047,5453 3,882,714
3.807,43713.780,418 3,809.978 3,7535,000 3,672,971
4,093,750 4,149,150 4,071,179
114,229
130,700
121,847
118,844
1,531,204
2,184,220
2,015,5-9
129.904
37,778
43,704
55,210
053,780
00,032
03.588
07,589
00,2-4
77,982
72,011
04,289
724,713
088,305
650,832
*80,080
334,029
555,983
570,957
516,370
339,161
353,147
318,190
40.8,241
302,641
281,920
303,451
474.302
332,160
432,055
403,310
505,809
591,075
349,053
479,* >75
533.512
011,380
519,120
529,700
515,519
075,981
708,325 *719.239
724,100
89.019!
107,001
274,080!
88,118
173.007
203 589
120,007
213,297!
252,8891
186,711;
259,995
281.802
280,873
27-,053
188,9-10
232,579
225,051
274,188
291,202
5315,057
414.951
485.730
!
708.325
490,195
500.791
451.500
704,0112
501,127
585,008
85.079
195,948
178,593
193.140
170,104
209,903
209,507
244,051
274 9591
212,800
253,419!
241,221
239.991
333,014
208.051!
241,339!
272,089
320,9021
190,349
213.407
40.5,32 *
850,117
853,290 j
0:32,052
*087,280
318,013' 381,637, 330,805
I
137,645
159,432
425,085
395,10!
418,358
531,004! 570,890
858,903,
21,930
20,701
20,351
22.910
33,991
(444 to 700 m.)..
(700 to 907 m.)..
(907 to 1,054 m.)..
245.785
281,170
2.8.OO0!
20,453
22,048
28.8101
20.407
39,809:
40,807
219.105
215,0701
174.177
200,781
255,644
319,928'
332,911
295.000
38T, 48-1
'
202.21o!
655,413 5.292.609
056,951 0,205,597
*709,498 7.337.609
•
210,332
203.270
221,082
328,191
3J0.1OO
226.003
300.100
23)0.329
270,550
1,672,43.
2.098,371
3,160,523
#
170,607 2.540,573
220.095
297.010
3.100.229
005,708
300.075
508,530
30.172
28.751
47,970
43,117)
24.802
43,741
444,196
528,203 4,878.959
832,770
801,759
I
21,875
33,959
32,384!
20.909
39.0.*4
139 073
53.2-0
31,7:33
52.0 40
43,343
41,983
45,352
59,301
141,083
281,783
409,228
153,000
195,711
328,063
220,073
381,331
439,918
317.063
54,357
301,858 2,754.408
'
303,006
403,570
312.184
357,724
1.178,950 1 ,50' ,201
759,451 i 978,029; 892.025
918,773
,400.029
813.374 1,109,399
907,033 1,148,009 1,330,944 1.120.015 1.542.124 11,497,24 3 1
08‘> ‘N21
1 !•* 0-2 1 11 — -‘i'll 77 * Oil
I .‘.*29,905 1.131 708 ' .913 775 1.373 l!)f'| 201801
1.531,787
1
1,372,300
1
359,) 13
505,521
729.078
755,924
*82,779
*70,170
180.239
251,187
64,751
82.553
74.192
52.460
72.0 54
*51,391
281,899!
382,042 j
1.040,542
1,417,002
96,935 1,424,803
105,500
52,924
40,549
*>03,850
I
101.950
110.41C
134,880
07,430
81,402
1,442,587 15,351,184
1,354,031 18,431.847
1,851,889 20,770,101
100.9053
110,09!)
75,802
92,878j
3,731,750 44,124,178
110,082
143,881
131,697
50,092
540.302
531,977
3,517,828 41.200,068
3,840,215
2,019,017
105,048
1.50,727
125,592
149,457
92,303
138,153
22. *,993
3,574,91;*,
1,374,013 1,542,911
2,089,250 1,740,299
1.945,874 1.989,948
66,950
261,797
285.305
384,712
307,215
200.570
34
>,790
381,218
470,013)
'
Springfield*
$ Including Ohio Difi-i n and lnoi mapolis Demitur &
+ And 06 mi.es of can'll.
months are based on 508 miles—remainder of year on 900 miles.
1 Not including construction material.
Approximate figure-.
oj
2(57,084
108.975
2,538,039
2,944.570
3.095,014
3,300,750
S Earnings first six
035,659
1
119,358
102,984
2.543.425
3,083,551
3.189,215
3.373,321
776,790
805,339
427.752
007,488
451,023
101,954
j
509,083
373,141
310.785
315,943
41,2551
00,082-
440.811
44,058
77,259
78,803
268,935
.
35,9001
1,235,091
482,702
37,014
81,390
110,503
245.309
Wabash St. Louis Sc Pacific—
18*0
(i,55s* to 2.479 m.)..
(2,479 to 3.350 m.)..
18-2*
(3,350 to 3,423 ni ).
1,168.545
4-7.287
(647 to 722 in.).,
(722 in.)..
31,200
873,109
157,593
137,4(10
134,127
482,005
430,194
.
142 101
34,00 'j
183,700
217,185
289,722
(100 m.)..
(100 to 132 m.)..
(132 m.).
1802
Scioto Valley-
125,731
119,770
487,272
452,900
413,551
78,823
193,091
208,547
250,784
••
435,129
382.057
407.308
m.)..
m.)..
m.)..
••
131.250
119,225
00,000
453,923
498,008
380,150
m.).
l,005,2c3 1.153,779 11,344,361
•1107985
324,425
450,298
415.325
(503 to 050
(050 to 855
(855
(912 to 1,020
_
315,307
419,193
273,007
330,800
Sc Manitoba.—
•
317,568
329.788
405,58-
205,002
644,494
(327 to 492 m.)..
(492 to 597 m.)..
(597 to 001 in.)..
(001 m.)..
•
191,535
(322 m.).
(322 in.)..
(322 m.).
(322 m.).,
Francisco-
•
•
009,578
527,214
931,911 1,000,532f !
951.500 1,002,950 j
443,1
i
(840 m.).. 1,503,075 1,290,421,1,610,089 1,709,712 1,703,409 1,714,731
St. L. Alt. &T. II. Main Line09,109
70,2021 03,210
71,121
60,728i
59,757
(195 m.)..
105.837
95,847
108,4:54
108,988! 113,5190,922
(195 m.)..
121,990
(195 m.).. 104,577 101,820; 13-5572 133,337: 121,937
94,439! 105,12-4
1882*
91,507j 93,992 91,351
(195m.;.. 104,307
St. L. Alton & T. II. Branches—
44,20l| 44,887 41,331! 37,103 31,730
48,445
(71 m.)..
41,370
47,028
52,032
54,750!
55,17.5
50,218
(71 to 121 m.)..
50,132
59,240
04,110
08,5*55
64,180|
71,148
(121 in.)..
1882*
St. Louis Sc San
•
3
1
>
1,063,705
90, 0
807,85)
880.21!
150.889
153,033
149,059
..(080 m.)..
(080 m.)..
(080 to 718 m.).
(718 to 723 m.).'.
2$7
....
174,843
164,917
168,572
132,802
175,420
195,050
174,709
Mt. & Southern-
231,915
828,847 S
*828.2538
877,805 1,041,142 1,142,884 1 ,,332,547 1,343,014 1,303,522 1.402,280
957,215
1,531 813
1,310,089 1.085,102 1,4-9,3-9,1,490,330 1,457,881 1.398,530 1,282,835
! .83 ),725 2,* >00 980
(840 m.).. 1,319.1:43 1,330,428 1,00 >,508 1,484,804,1,0- 8,802 1,707,295 2,020,459 1,975,993
St. Louis Iron
242,21-
138,224
145,585
173.374
121,451
(121 m.;..
1,858,
800.8537 !
730,000 I
124,459
105,800
201,091
21*1,707
104,231
189,749
Pennsylvania—
(All lines east of Pittsburg & Erie)(41,710 to 1,800 m.).
(+1,800 to 1,820 m.)..
(+1,844 to 1,887 m.)..
(+1,887 to 1,940 m.).,
Philadelphia & Reading—
(800 to 846 m.).,
(840 m.)..
L596'
7
1,147,173 1,207,391 1,350,780 1,372,755 1.350,574
1,290,:*H1 1,252,21H 1.0 4 4.958 1,043,151 1,592,544 1,001.812 1,580,970
1,443,437 1.425,705 1,847,201 t,709,057 L,776,891 1.791,982 1,787,081
(722 to 972 in.)..
1,148
i
178,143
(972 to 1,298 m.).,
117,O20!
1553,959
->
001,9777
118,352
127,990
131,109
00. 259
03 115
81. 4001
83 979
87,9.14
102,252
1!
88,549
103,438
199,125
200.072
98,295
80,048
85,081
113,254
90,200
95,076
170,"3*» *172.004 ♦190,002
19",850
237,294
235,830
80,540
110,318
187,290
229,145
1
315,04-51
l
IK).3 74
203,077
122,2801
170,810 j
l
9
90,229
147,320
155,25f
?
147,520
172,950'
157.999!
109,894
150,870
1882..
107,500
179.390
190,740
80,587
110,185
192,085*
140,214
210.127
137,640
*147,461
1
I
(428 m.).
(428 m.)..
(428 m.).
(428 in.).
Northern Central-
302.525
302,957
231.140
157,278
205,034
West.—(At.Miss.ifc <>.)-
298.08<i
304,2537
324,725
401,532
303,518'
119,880
103,903
431,340
30.095
35,280
282,4"f1
290,24 (
SIT.lSt
130.740
108.520
409,058
3*.057
0
2
7
77,520
298,047
30.980
33,324
40,001
23,507
118.024
412,305
349,190 3.478,067
643,417 0,2—
.!
195,550
222.709
21.170
21 8331
(394 m.).
Sc Ohio(558 ra.).
(558 m.).
(558 to 505 m.).
(505 m.).
....
21,380
111,842!
101,115|
02.84 to 310 ni.).
(310 to 394 ni ).
408.562
500.819
478,0533
005,080
111,812
129,040
208,398
95.301
129.205
England—
400,585
020.041 I
595,30+l
24,790
35,375
133,IKK)
150,994
3.l4o95
4.021,861
312,173
432,015
.....
2
154,417
221.3101
159,070
5
24.001
124,284
191,180 f
250.110!
7
370,897
18,140
450.470
074,455
in.).
in.).
in.).
m.).
^otal,
30.225
25.017
187,023:
05,2931
~~
5342.894
392,921
25,009
154.154i
39,07s!
383,202
.
20.939
175,187
810.900
*
31,295 3
230.99
,
10,471
32.0; 2
49,194
105,178
129,000
(928 to 1,009 m.).
(1,( 09 in.).
(1,009 m.).
1882’
Newr York Fean.
28,184
35,-07
5
32.880
4.502
8
20,005
102,907
901,527
*
i
5342,*>5 3.
379,029
Dec.
27,733
113.810
101,818
159,543
172.470
211,932
(928 in.).
18-0
1881
495,797
24,121
535,055!
82,961
80,498
185,050
195,824
m.).
Nashville Chatt. vV St. Louis(349 in.).
(349 ni.).
..(349 in.).
1882
(349 in.)
New York Lake Erie A. West.—
New York Sc New
537,402
0 f
580,192
595,212
031,281
740,744
m.).
m.).
(528 to 500
(500
(5 0
(528
3!
137,047
170,079
154,401
125,001
(205 to 250 ill.).
1250 to 270 mi.).
(270 ill.).
1882*
548,284
412,987
108,004
....
Mobile Sc Ohio-
(
514.70
0 4.298
100,8831
408 493!
135,378
International Sc Ut. Northern(519 to 529 m.).
(529 to 571 m. •.
(571 to 731 m.).
1882*
(731 ra.).
Lake Erie «k Western 1880
(308 to 385 m.).
18-1
(385 m.).
(385 m.).
Louisville Sc Nasliville(973 to 1,107 in.).
(1,107 to 1,840 m.).
(1,840 to 2,074 m.).
(.2,0-5 :n.).
Memphis Sc Charleston1879*
.'.
....(330 III.)
1880*
(330 m.).
1881*
(330 in.).
(330 m.i.
1882*
Milwaukee LakeS. A* West.—
(102 t«. 205 Ill.).
.
373,132
433.212
559,91
120,922
317,081
77,411
(1,257 to 1,275 in.).
(1,275 to 1.321 m.)
(1,3-1 m.).
(1,321 m.).
Indiana lilooui. Sc Western—
331,480
295.450
584.230
4
109.992
(298 to 318 m.).
(318 in.).
(318 to 345 m.).
Hannibal Sc St. Joseph—
(292 m.).
(292 m.).
(292 m ).
(292 m.).
1882
303, 09
193,925
173,791
(293 ra.).
Illinois Central-
400,420
182.444
Flint Sc Fere Marquette—
*
300,835
373,3?(
402.9ir
*
104,883
405,779;
18,779
24.908
32,825
(87m.).
(87m.).
(87 to 110 m.).
£a*t Tenn. Vn. Sc («a.(508 to 900 m.i).
(508 in 9i 0 m.§).
(902 m.).
*
*
Nov.
Oct.
Sept.
Aug.
350.558
315,100
491,914
...
;
218,993
259,208
201,211
307.470
(337 to 551 m.).
(551 to 1,002 m.).
(1,000 to 1,100 in.),
Dee Moines Sc Fort Dodge—
July.
*
232.140
350,1 <5
*
*
i
259,783
251,049
193,827
June.
M ay.
March.! April.
$
173.078
158,595
257.785
307,498
Grande—
1879*
1880*
1881*
1882
Feb.
[Vol. XXX\
RAILROADS-(Concluded).
PRINCIPAL
EARNINGS OF
124,759
& Omaha—
(082 to 940 in.).
(940 to 9Hf, m.)
(1,003 to 1,070 m.)
1880
18sl
1882*
Denver Sc Kio
'
EARNINGS.
RAILROAD
lxiv
3,921,735
@FedFRASER